Newspaper Page Text
TWO
COTTON LORN
- FUNG PLAN
For the Relief of the Ootton
Situation in the Southern
States, a 3 Approved by the
Federal Reserve Board.
Tht* plan was approved by the Fed- i
eral Reserve Board at Washington, |
October 24. 1814, and the following Is.
an outline:
Administration.
The Fund la to be administered un
der the direction of the Individual
members of the Federal Reserve
Hoard, who have placed the lark of
the general administration on a Cotton
Ron n Committee, consisting of the
following gentlemen:
Chairman W. P. (J. Harding of trio
Federal Reserve Board.
Raul Warburg of tile Fedora! Reserve
•oerd.
Col. IT M. House, Austin, Texas.
Albert H. Wlggln, New York City.
James B. Forgan, Chicago, Illinois.
Featus J. Wade, Bt. Louis, Mlsaouri.
Lend L Rue, Philadelphia, Pa.
Win. A. Gaston, Boston, Maas.
Amount of Loan.
It la proposed to create a fund of
approximately $135,000,000, to be
Lpnwu as COTTON lAJAN FU*.D.
SUBSCRIPTIONS.
Subscriber* shall be divided into two
classes Clans ‘ 'A" consisting of
banka or other corporations. Hrms or
Individuals locnted or residing In
other than cotton producing states.
Class "B" subscriptions, banka or
bunker* located nr residing In the
cotton producing stati*: Arkansas,
Florida, Georgia, Louisiana, Missis- .
slppl, orth Carolina, Oklahoma, |
Feuth Carolina, Texas and Tennessee. ,
All Class "A" subscriptions shall be
contingent upon the receipt of rut -
acclptlons of that class aggregating
$100,000,000. The Fund shall not be
regarded established for any purpose
unless said subscription shall aggre
gate $100,000,000.
On payment In whole or In part of
auto crlptlona, participation esrtlflc
atea shall he transferable on the books
of the committee am! specify the terms
under which the owner will In entitled
to shore In ihe distribution cf moneys
renllssdd from the loans made.
NOTK--While It 4s provided that
subscriptions to Class "A" shall he
made by banks or hankers In the cot
ton producing slates, yet their doing
ao Is as a part only of their applying
for a loan for n customer, and In tliut
event the subscription must lie in uo
amount e<iual to 25 per cent of the
loan and for this subscription they are
given transferable participation cer
tificates
For example, a cotton planter, mer
chant or manufacturer In Corsicana,
Texas, has a thousand bales of cot
ton and desires to borrow on same
This plan gives him the opportunity:
of going to his hanker at Corsicana
and applying for a loan of 6c a pound,
or $30,000 In total. He makes Ills note
for $3.i,000 with tha cotton bm secur
ity; the hanker knowing that he is a
perfectly good risk, commercially und
financially, agrees to make him the
loan. The hanker advances $7,500 of It j
f or which he takes a Glass 'LI" cur
titlcats bearing tt per cent for $7,600
and secures for the planter, merchant
or manufacturer, $22,600 with the one
thousand bales of cotton as security,
from the $100,000,000 (against which
will be Issued a Class "A" certificate
for $22,500, which certificate Is issued
to the subscribers other than those In
tile ootton producing stalest. It will
be observed that no definite subscrip
tions to any fund Is required from the
south. Thus each bank, whether It
be a Stale Bank, National Hank or
Trust Company, can finance any vs
their customers needing financing,
and ns i ich Hanks or Trust Compan
ies know to whom they are loaning,
they tal e no riak on their Class "it"
certificates. If they are conservative In
making such loans. It Is lo be noted
that both Class "A“ and Glnss "H"
certificates being negotiable, can be
disposed of by the banks In any man
ner «een fit.
Interest on Certificates.
All Class \A" and Glass "B" certifi
cates shall hear Interest at the rate
of 6 per cent per annum, payable
quarterly
Class "B" Subscriptions.
Loan Applications.
Class "B" subscriptions shall not be
required except as a condition to n
loan or loans from the Fund; in such
cases the subscriptions shall he for
an amount not exceeding 25 per cent
of the loan.
Class "B" subscribers (who apply
for ■ loan for a custumer) are not re
quired to endorse the note nor shall
they be entitled to receive compenss
ln any form for making the loan.
When a Class “It" subscriber applies
for a loan, he shall accompany the
application with s subscription to
Class H certificates In an amouut
equal to 25 per cent of the amount of
the loan.
Security.
All applications for lonna must ho
made through bank* or bunkers amt
in addition lo the subscription* to
Claaa "H" above stated. n.’iat be ac
compnnled by receipt* of unproved
warehouga* and evidence of proper In
surance.
The warehouae* or building* In
winch the cotton ta atored, must be
undder the control or ownership of
eotnc peraon. firm or corporation oth*
rr than the borrower. The borrower
r.niNt hr able to aatlafy the committee
that the cotton in of the grade In
tended amt free from all liana. All
warehouse charge# and Insurance
' premium# ahall be borne by the bor
rower.
In addition to the above neenrltv,
every borrower ahall pay to the
Cotton Loan Committee 3 per cent
of the amount of hla loan, to he de
ducted from the proceed* of the loan,
to constitute a mutual borrower#'
guarantee fund, to be ueed:
1. For the payment of administra
tion expenses estimated not to ex
ceed onr-atgbth of 1 per c-nt of the
fund.
!. To make up any deficiency in the
amount available for payment of
clan# "A" and Class "H" cert I ties tea
with Interest resulting from losata
sustained on account of any loans
made.
Any balance remaining shall be re
turned pro-rata to the borrowers
Basis of Leans,
All loans ahall be evidenced by
- in the form appn vt.l by the
Cotton la>an Committer and ehall be
aecuied by cotton on the liaata of six
cents per pound for middling. In ad
dition to the guaranteed fund herein
after described.
Tima of Loans.
Ail auiUoaUutia for loans altail be
made prior to and m t later than the
first of February, 1915, and loans shall
mature on or before February 1, lit',,
provided tho committee may extenl
any or all loans for a period not to
exceed six months after February 1,
1916.
Cells for Subscriptions.
Ghllh for payment of Glass "A” sub
scriptions shall be made pro-rata. If,
on February Ist, loan applications do
riot equal the amount then subscribed,
the Fund shall nevertheless he closed
at the amount then applied for and
loaned, and Class “A" subscribers
shall thereupon be released from the
payment of the balance of their sub
si rlptlons, which, up to that time,
have not been called for.
Method of Repayment to Subscribers.
As moneys are available for repay
ment to suii» ribers, they will If
applied against both Class "A” and
"II,” but the percentage of ieduction
of Class "H" shall be one-half of that
In the case of Class “A" certificates
until the amount of the Glnss "A” out
standing shall be reduce! to the
amount of Glass "R" certificates out
standing. After that time the per
centage of reduction shall be the
game.
All committees to serve without
compensation of any kind.
RESERVISTS Cfi
AMERICAN SHIPS
State Dcp’t Has Not Yet De
fined Attitude of U. U. in Mat
ter. Mason and Slidell Case.
Washington. —The state department
has not yet defined its attitude toward
British contention of the right of re
niovel from an American ship of Its
German or Austrian reservists and it
was Bald at the department today that
not until a specific case arises will
there lie any declaration of policy on
tho subject. Ho far while the British
authorities have removed some of
those leseivlsts from American ships,
the to lion bus been taken in harbors
within the. territorial Jurisdiction of
Great Britain. Even In that ease It
has not been conceded by the depart
ment that this right of removal m.iy
be exercises beyond the taking off of
passengers or of a email portion of
the crew.
Strong Objection.
If the privilege were exercised to
tho extent of tlclng up an American
vessel for want of a sufficient crew to
navigate her and thereby Interfering
with American commerce, the depart
ment probably would lodge s strong
objection. The whole subject is ad
mittedly open to now construction and
very complex, Involving the right of
fully naturalised American citizens
and those who have merely made dec
laration of their Intention lo become
citizens.
In 1861.
While the United Slates govern
ment asserted the light to take" con
traband" persons from a neutral ship
In the famous Mason Hnd Slidell case
In 1861, the prisoners were afterwards
released on the grounds that Captain
Wilkes of the 11. S, S. Han Jacinto had
acted without direct authorisation
from his government which felt that
the right to make prisoners In this
fashion was too delicate to be exer
cised by a naval officer, even where
no courta were available.
First Payments on
Stock 12 Federal
Reserve Banks Due
Washington. First payments of
subscription to the atork of the now
twelve fedcial reserve banks are due
today from the member bnnks who
have Joined the new currency system.
In all oases payments are to be made
to the regional bnnks In the 13 cities
In which they are located To
day's subscription must be one per
cent of the combined capital and sur-
UK.IC ACID
SOLVENT
50 Cents Bottle (32 Doses)
FREE
Just because you start the dny wor
ried mot tired, stiff leas and arms and
muscles, mi aching bead, burning and
bearing down pains In the back —worn
out before the day begins, do not think
>ou have to slay In that condition.
He strong, well uiol r gorous, with lio
imwe putn from stiff joints, sore mus
cles. rheumatic suffering, aclung back
or kidney disease.
For any form of bladder trouble or
weakness, Its action Is really wonderful
Those sufferers who are In and out of
bed half a dozen times a night wtU ap
preciate ths rest, comfort and strengtn
this treatment gives.
To piove tbs Williams Treatment con
quer* kidney and b.adder diseases, rheu
mat am and alt uric acid troubles, no
matter how chronic or stubborn. If you
have never need tins Treat
ment. wo will give one sl>o bottle (44
doses) free If you wi 1 cut out this no
tice and eend It with your name and ad.
ureas, with 100 to help pay distribution
expenses, to Ths Hr. 1' A Williams
I Company. I'ept 1650, P. O. Block Rest
H nip,on. Conn. Send at or.ee and y u
I will receive by parcel post a regular 6Co
: bottle, without chstve and without in
! currlng any obligations. One bottle
only to an address.
STRAND
Continuously.!
Mr. tJeorje Klcine, producer of
"Quo Vadls," "Antony n«ul C'leo
pnira,'' "The T-aat Days of Tom
pell," etc , announces th# incom.
parable photodramatic triumph,
‘START ACU6,"
or "The Revolt cf the Gladiator#."
In tight parts—tlx mighty reel*.
An uinaslnf unity of dramatic
power and spectacular beauty.
A mammoth motion picture mar
vel produced In a massively
magnificent way.
TMS people In the cast and art
aetitb'.e with undreds of artp
plna, apec'.acu ar and thrill
trig scenes. loosens of
will besets. *
A Pitting S iceeeaor to MaTveloua
"Quo Vadta.”
PRICES—Sc AND 10c.
Schedule of Performances!
10:30 3:00 7:30
12:00 4:30 9:00
1:30 «:C0 10:30
THE BEST —SO COME.
plus of each member bank. Eventually
each member bank will subscribe 6
per cent.
BUSINESS BEFORE
THE ORDINARY
Foil, \vlng Is a record of the busi
ness transacted In the court of the
ordinary Monday:
An order was issued granting letters
<4 guardianship on the estate of Mag
gie Mandy to W. K. Owens.
Letters of guardianship were grant
ed to Mrs. Husan B. Ivey on the es
tate of Herbert Kernaghan, miner.
Letters of dismission were granted
to L. O. Doughty, executor of the es
tate of Julia H. Doughty.
Letters of dismission were granted
to G. H. Hurruss, executor of the es
tate of Folly Krnlth.
Letters of dismission were granted
to l|. R. Fund, executor of the estate
of Mrs. H. L. Hicks.
Permanent letters of administration
were granted to W. O. Ford on the es
tate of Givey Parker.
An order was Issued on the. estate of
A. L. Bargeron, granting a year’a sup
port to Joule L. Bargaron.
Rheumatism
A Horn® Cur® Given by One Who
Had It
Tn the aprin* of 1883 I whs. at
t icked by Muscular and Inflamma
tory Rheum?itlam. I Buffered - an
only those who have It know, for
ov# r throe yearn I tried remedy
lifter remedy, an 1 doctor after doc
tor but euoh relief as I receive t
was only temporary. Finally, 1
found a remedy that cured me com
pletely, and It hue never re urned.
I hav given It to a * mber wlpj
were terribly afflicted and even
bedridden with Rheumatism, and 1;
effected a cure In every case.
I wfint every sufferer from any
form of rheumatic trouble to try
this marvelous healing power. Don’t
aend a e«n*; simply mail your name
and addreas and I will send it trap
tt> try. After you have used It and
It haa proven I’aelf 'o be that long
looked-for means of curing your
Rheumatism, you may send fhs
price of It. one dollar, but, under
stand, I do not want your mnnev
unless you are perfectly satisfied
to lend it. iMi't tt t fairf \\Wv
suffer any longer when positive re
lief is thus offered free? Don’t de
lay Write todny.
Mark H. Jackson, No. 103-A Gur
ney Bldg.. Ayr. ruse, N- Y.
Mr. Jackson is responsible. Above
statement e. Pub.
FALLING HAIR OR
ITCHING SCALP
Surely Cease When You Use
Parisian Sage---Makes Your
Hair Soft and Fluffy.
Now that Parisian Rage—a scientific
preparation that supplies every hair
and scalp need- can be had at any
drug counter, or from T. G. Howard's,
It Is ceitairily needless to have thin,
brittle, matted, stringy or faded hair.
No matter how unsightly your hair,
how badly It ts falling, or how much
dandruff, Parisian Page is all that Is
needed. Every trace of dandruff is
removed with one application, the hair
roots are nourished and stimulated to
grow new hair. Itching scalp and fall
ing luilr cease—your hair becomes
soft, fluffy, abundant and radiant with
life and beauty.
Parisian Sage Is surely one of the
most Invigorating and refreshing hair
tonics known. It is easily used at
home not expensive, and even one
application proves its goodness.
How many people do you
suppose will be willing to live
in an unwired home five yeare
from today?
Help Us Improve
Your Service
.... .oJa*
Our effort is to give immedi
ate attention to telephone trou
bles.
Ir order to accomplish thi
subscribers are asked to repor
all troubles to “Complaint.'
The “Complaint” desk is th
clearing-house for all troubles
From here they are sent int>
the proper channels withou
loss of time.
Oftentimes troubles are of r
complicated nature and dis
ficult to find. If you do nc
see a man actually working o
your telephone instrument
does not mean that you are nt'
receiving the proper attentior
The trouble may be in a c:
ble or in a cable-box. and tn
or three men may be at wo
upon it. Troubles impair tl
service and our first consult
ation is to clear trouble
promptly.
We ask your co-operation.
SOUTHERN BELL
TELEPHONE AND
TELEGRAPH CO.
THE AUGUSTA HERALD. AUGUSTA. GA.
“ALCG CLOTHES”
Are trade winners to us
because they fit, style and
satisfy ever th c most
hard-to-please men and
young men.
A try-on proves the
style and fit —and ALCO
tailoring wears - wears
wears l
'#
Other Dressing
that’s sure to please you
awaits your early call—
MSCrkarvT]
“Home of Good Clothes”
GARDEN HOSE
Large shipment of
Garden Hose just re
ceived direct from
factory.
Hose Reels,
Hose Pipes.
Large assortment
Lawn Sprinklers.
THEO. G, McAULIFFE
115 Jackson Street.
$!, SI, SI, SUL
Sl,sl,sl, SI,SI,
sum, si, si,
Invested in one of onr
SUITS OR
OVERCOATS
Means a Bona Fide
Saving of $25.00.
And your clothes are
Tailored to fit you, ac
cording to the latest
fashions and creations
From All Wool Fabrics
They Look Swell.
They Wear Well.
SATISFACTION
GUARANTEED
ENGLISH
WOOLEN
MILLS
662 BROAD ST.
-sls
a
“LET US TELL THE WORLD THAT THE
WOMEN OF AUGUSTA ARE SHOULDER
TO SHOULDER WITH THE MEN IN MAK
ING THE OLD TOWN HUM WITH PROS
PERITY.”
WiH The Women Help lo
Develop a Home Market?
Augusta needs to develop its Home Market
.—every community does in times like these.
America must supply its own needs, must be
self-sustaining largely, while the war lasts.
What’s true of the nation is true of the North,
East, South and West. It’s true of communities,
sections and cities. It’s true of Augusta.
Will the women of Augusta help to make
Augusta and this section as largely self-sustain
in, self-supporting as possible? Will they direct
the spending of many millions of dollars, which
they spend annually, so as to encourage more
largely our industries, our farmers, our laboring
people and our merchants?
Hundreds of thousands of dollars each
week go away from Augusta. Keep this money
at home, circulating in the channels of local
trade and industry and thousands of people will
feel it. It will mean more work and better
wagek throughout the whole sec^on.
Augusta can get rich feeding and clothnig
itself—it can put twice as many people to work
and at good wages, if the women of Augusta
will direct wisely and pointedly the hundreds
of thousands of dollars they spend each week.
Will the women of Augusta do this for their
city for the next month? Will they experiment
with this idea during the Live at Home Week,
November 16th? Will the women of Augusta
Trade at Home, Pay at Home, Order at Home,
Demand Home-Raised Products, Wear Home-
Made Gowns, Patronize Home Merchants, Call
for Augusta-Made Goods?,
The big thing for the merchants and manu
facturers of Augusta and other Southern cities
to do is first to develop the Home Market. If
the women of Augusta want to help the town
here’s a chance to make their influence felt in
each store, work shop, factory and individual
home throughout the city. WILL THE WO
MEN OF AUGUSTA DO IT?
For further particulars, address
The Live at Home Editor
AUGUSTA HER.ALD
Augusta, Ga.
fUtSUAT,* FiiUVtiVißhn*i.