Newspaper Page Text
SIX
In sealed air-tight cartons
Fox River Butter
MERRY & CO., Dist’rs.
Wirtz & Hernlen
Company
A complex line of .John Deen and
International Farm Implement* and
General Hardware.
Phan* 3604 601 Broad St.
SMOKE
OPTIMO C. H. S.
CINCO
BURDELLE TOBACCO CO.
DISTRIBUTORS
Masonic Bldg. Augusta, Ga.
“EVANS AUTO
TOP WORKS”
Automobile Tops, Cushions,
Barks am) Trimmings Re-covered
and Repaired at Reasonable prices.
W* make Auto Kun Shades
Corner Sixth and Ellis Streets.
Wm G. BREWER, Special Agent
NEW YORK LIFE INSURANCE COMPANY
219 MASONIC BUILDING.
PHONE 3203. AUGUSTA, GA.
SOUTHERN WELDING COMPANY
927 Ellis Street, Augusta, Ga.
Augusta's oldsst and only exclusive welding shop. See us before buying
any new parts of machinery of any kind. We can aave yog time and
money.
PHON E 1332.
IMPROVED SERVICE
Our office now located at plant, Sunsd avenue and Georgia
Railroad
Phone 1 711
* SEVEN-ELEVEN
Knsy to cull. jCAiy to Remember.
F. E. GIBSON LUMBER COMPANY
MORRIS GARAGE &
SUPPLY CO.
Oarage—Storagt—Accessor let
Agent* for Hood nnd Brunswick
Tire*
609-511 BROAD STKKIOT
\v* carry Part* for ail Igrlfton
Systems.
tiMTI
-—•I
Itirtun
rtton Magneto*.
Cell* nftd
Carburrttrt
W* oprmtu at
Up-to- Data Ml
fhlna Hhop
SAFEGUARDING CONSTRUCTION
An organisation comprising architects, landscape architect, interior
decorators, engineers, construction aid realty experts, offers able ser
vice* to Institutions or Individual hi the lino when Investments n
Wildings of any type are content pit ted.
The Interests of clients will he giaranteed nnd safeguarded hv the
Jtlllsutlon of such service giving economical designs and selections of
materials, personal supervision of construction ami reliable valuation of
n vestments.
WILLIS IRVIN
T«l«phon< S3H, Archlt. 1401 Lsmsr Building.
HERALD
SERVICE
I he Augusta Herald, daily
in the afternoon and on Sun
day morning, is concerned
chiefly with giving service to
its many thousands of readers.
For the Business Man —
A complete market page, with
daily reveiws of all markets by
Broadan Wall and Stuart P.
W est, financial editor of the
New \ ork Globe, over special
leased wires to The Herald,
daily.
If You Want The
News You Need
The Herald
Stulb’s Restaurant
Opposite the Monument
.Specializing on Hen Food of All
Kinds
Home cooking—Wcuthern Style
We make all pastries, bread and
Ice cream in our kitchen
Georgia Welding &
Auto Supply Co.
Flak Tires and Tube*
Welding. Auto Accessories, Vulcan
izing
Phone 13 1262 Broad Street
USE HERALD WANTS
FOR QUICK RESULTS.
AQINI FOR
RAYFIILD
CARBURETS ,S
SPUTDORF
SERVICE
station
AUGUSTA SS REVIEW
ROTARY CLUB
Meets every Tuesdav at the Y. W. C. A.,
2:15 to 3:15 p. m.
J. E. PROBYN, Sec.
Germany’s Trade Revival
Making Rapid Strides
Viewed from almost any atandpolnt
the atrldea which Germany in making
toward rehabilitation of her Industry
and commerce conatltute one of the
itiohl striking rlevclopmenta of the re
adjustment period. The phenomenon
might not be ho Impressive if other
nations were making similar or ap
proximate progress in recovery. This,
un we all know, Is not the case, for
slowing up or stagnation )h reported
from nearly every other country.
Moreover, it cannot be contended that
the rise in German production and dis
tribution Is Impressive merely because
It started prnctlcH |y at the zero point.
Germany today Is outstripping her
keenest competitor* and taking mar
kets away from her old rivals
While unemployment Is Increasing
In other nations. Germany Is getting
back to earth. In March this year the
official figures on the number of un
employed In Germany were 429.000; in
Apt 11. 416.000; |n May. 400,000; »n June,
300,000. This contrast* strangely with
the millions out of work in Great
Britain and th** United States.
Kvidence of Germany’s ihcreasing
production cannot be obtained from
the official figures of that country as
the statistics are several months late
In being compiled. The importing
countries, however, are more nearly
up to date, and It Is from these sources
that It Is possible to gain the latest
authentic information.
Gain Over Great Britain.
The foreign trade of Belgium for the
first quarter of 1921 amounted to 2,-
744,551,00') fog. compared with 3,073,-
238,000 francs last year. It may thus
be seen that Belgium’s foreign trade
has fallen off considerably with a de
crease In exchange with every other
country except Germany. Great Brit
ain's exports to Belgium for this same
period amount to only 268,000,000
francs compared with 051.000.000
francs last year. Imports with Ger
many, however, have risen from 136,-
680,000 francs in the first quarter of
last year to 406,437.000 francs in the
quarter of tins year, in other
LIBERTY BONDS AN
ADVANTAGEOUS BUY
Babe Has Hit Homer in All of
'Em
“The foundation for making Am
erica a thrifty nation was laid dur
ing the first Liberty Loan campaign
when for the first time in the his
tory of this nation people were
(aught the lesson of saving their
dollars," said an authority on fi
nancial questions recently. Some
short-sighted peop»c ha\e disre
garded thin lesson and disposed of
their bonds during the period of
market recessions.
The fact that the market price
of Liberty Bonds has depreciated
along with the securities of other
governments and corporations has
absolutely nothing to do with their
Intrinsic value. As a matter of fact.
Liberty Bonds are exactly as good
today as they were on the day the
government sold them. The imre
fact that they have depreciated in
price, makes this a more opportune
time* to buy them because they
yield a larger return.
The causes of present prices of
Liberty Bonds are numerous. An
outstanding fact is, that the call
for money to carry on manufactur
ing and industrial activities has
compelled many large holders of
L.berty Bonds to sell them. Many
employes finding it necessary to ob
tain large amounts of cash to carry
on business, buy raw materials, pay
wages. He, have chosen to sell
their Liberty Bonds because, being
tin* best securities in their posses
sion, relatively speaking they had
di predated the least in market val
ue. Such of course, while regret
able, no doubt has prevented the
shutdown of many factories. These
and other factors created a situa
tion where there wore more persons
desiring to sell their bonds than
there were people wanting to buy
them.
The government is of course, not
responsible for the low prices of
Liberty Bonds. It is simply a case
where John Jones sells his bonds to
Jim Smith through the machinery
of the market, for less than he paid
for them, the government having
no part in the transaction.
In the open market the loss of
on© person may be the opportunity
of another. By retaining his bonds
and by buying more at present
prices the investor is therefore ben
efit ted. as by so doing he aver
age* down the cost of his bonds uml
Increases the yield. The bonds,
while depreciated In market value,
aix* backed by the entire strength
and resources of the nation. The
government hs* made a definite
contract to pay Interest at regular
stated periods andi to pay the face
Value when the bond* mature.
It Is generally believed that In
fixe years or perhups sooner we will
have stabilised »i*r present eco
nomic eom'tL' .it- so 'hat Liberty
Bonds will regain then 100 per cent
value in In© inarke While we
may differ as to time, we are unan
imous with respect to the ultimata
outcome. It is therefore incumbent
on all of us to hold on to our Lib
eitx Bonds and to avail ourselves
of present market conditions to
purchase more bonds at present ad
vantageous prices. Commercial
and Financial \\ orld.
STOCK MARKET
OUTLOOK
Good Opportunity For the
Investor
NEW YORK Development* in the
Ism two weeks have been such as to
warrant a more hopeful view of ths
M*» urity outlook. In tire first place,
the market position has been greatly
strengthened l*> the extensive liqui
dation and the low level of price*
our t»«nklng position has shown great
. ..
icmitiodlt) loans ami the lessened de
mand for capital through the slow
ing down lit business With the ex
vt.ption of some of the proposed leg
■ tuition whnh Is hot hJ.ely to meet
the approbation of general sentiment
m th* oiitttr>, the administration at
Washington has shown a helpful,
I*l a* to al tal.d ptogr« salve attitude The
fortnuL»tlon of the budget program in
I'atUctilsr has given rise to hope* of
reduction In expenditures that max
»**ad t*» lower taxes
It is Impossible to lax too much »m
--phasls on the opportunities which now
present themselves to Investors. N’ev
•r before tn the worlds history have
linuid funds brought such a premium
in the way of attractive return and
safety of security combined The
TH£ AUGUSTA HERALD, AUGUSTA, GA.
words, while Great Britain’s trade has
fallen off about 60 per cent., Ger
many s has increased 200 per cent and
German exports to Belgium are near
ly double those from the United King
dom.
The striking «ains in Germany’s
trade with the United States has led
to estimate* from competent banking
authorities placing the aggregate value
of the total foreign trade between the
two countries for the current fiscal
year at |4&O <k>o,ooo. These figures are
astounding when we consider the fact
that for the fiscal year 1918-19 the
total trade amounted to only $10,000,-
000. while the high record in pre-war
years was $535,000,000 reached in 1913-
14 Indicated export* frorri the United
States to Germany include the follow
ing items: Wheat and flour $65,000,-
000, baton and lard about $55,000,000,
condensed milk about $6,000,000, veg
etable oils about $3,000,000, cotton
about $100,000,000. copper about $20,-
000,000. petroleum products about
$20,000,000. We are receiving from
Germany dyes, china, laces and em
broidery. hosiery, gloves, sugar beet
seed, beet sugar, furs, potash, alum
inum anti other manufactured articles.
For the fiscal year our total im
ports from Germany amounted to
more than $88,000,000, and this sea
son’s importations will greatly sur
pass that record.
Reducing Production Costs.
These figures are significant of
much more than efforts to regain the
world’s markets for Germany. They
tell the story of lowered production
costs restoration of domestic- equi i
hrlum and long hours of labor. Ger
many Is buying heavily of our raw
materials and foodstuff*, and she Is
able to do it today because she is
paying for them by means of goods
turned out of her factories. Adverse
exchange rates are no handicap under
the circumstances. The low value of ,
the mark gives Germany increased
selling power, while her buying power
is represented by tbs exchange value
of the goods produced within her
borders.
purchasing power of the dollar in ris
ing. The investing power of the dol
lar is rising even more. The our
fhaser of seasoned securities not only
has the ad vantage of a return far in
« xcc-bk of what he will be able to ob
tain in the near future, but he also
will benefit by the enhancement in
price as the yield return declines for
belated buyers.
We expect some further slowing
down in business. Many readjust
ments remain to be effected. Just as
declines in securities discounted poor
er business, we expect advances in
securities to discount tho le urn of
more prosperous days.
The rails, in our opinion, offer the
premier opportunity. The roads are
now getting ready to take the posi
tion which the Each-Cum mine law
was designed to make for them. The
equipments also should respond. The
coppers, probably, have seen their
worst, although their prosperity may
be postponed for a time. The steels
and oils can realise their prospects
when they have completed th?ir read
justments.
WOLLMAN «v CO.
BUSINESS SUNSHINE
SOUTHERN ROADS LEAD.
In the eight months since Septem
ber, 1920, the date of the expiration
of the "s;x months’ guarantee," the
net operating income of the railroads
of the United Stabs amounted to
3414.263,000 a sum equal to 2.41 per
cent of the tentative valuation of the
railroad properties. In April the net
operating income of the Eastern roads
was 2 per cent of the tentative val
uation; that of the Southern roads
3 41 and of the Western roads 2.01.
The Bureau of Census has issued
figures showing the industrial growth
of the country between 1914-1919.
These area few striking comparisons:
Total value of products. 1914. $24,246,-
435.000; 1919. 362,588,906,000. Automo
biles. 1914. 3503.230,000; 1919, $2,387,-
833,000. Boots and shoes. 1914, $501,-
760 000; 1919. 31.149.560.000 Meat pack
ing. 1914, 31.451,495,000; 1919, $3,714,-
3 40,000.
THE WEEK'S CROPS IN
GEORGIA, CAROLINA
Synopsis of Weather and Crop Condi
tions In Georola for the Week
Ending Tuesday, July 12, 1921.
ATLANTA. <Ja.—Moderately heavy
rains fell on two or more days in
nearly all sections of the state The
amounts were heaviest in the coastal
region, averaging over 2 inches. In
general, the areas reciving no rain
were scattered over the middle region
of the state. There are yet numer
ous scattered regions, chiefly in the
northern and western counties suf
fering from drought, or then the
amount of rain has been entirely in
sufficient for good results. The weath
er continued warm and sunny Cot
ton continued to improve, hut the con
dition Is reported generally poor,
though locally It is about average.
t idvcnu report la baaed chiefly
on thr smallness of the plants and
the increased weevil activity In re
gions with considerable rainfall Corn
is generally poor In northern and west
ern counties on account of deficient
rainfall Sweet potatoes peanuts and
cane show shout normal progress.
Cardens need rain badly.
Synopsis of Wssthsr and Crop Condi
tions in South Carolina fnr the
Week Ending July 11, 1921.
MB!A. fl. C I • a
marked Improvement n co’or anil
condition, on the whole, incident to
showers, but some sections still re
port need of rain The rains rami
too late for much benefit to early
corn; however, the intermediate nnd
late plantings, and also tobacco, sweet
potatoes, field truck gardens pea
nuts and pastures have Improved In
vigor and color n-nerar> Forage
crops In Hubble lands are coming to
rood atflnds. and planting continues.
Tobacco curing is progressing fax or
ably, and marketing will soo-- be g.*n
»»r.*l Cotton has b»*en growing rapid
ly general!'*, but rather tor fast in
man'- sections for best fruitage; the
condition Is good generally, but wee
vils are n all sections, nnd
the weather has been favorable sot
marked aetlvitv in the eastern cen
tral and southern counties <lr*'n
thre h.n'" result* un-state ore fair to
goo.! Although the pen ' -or* is
reported s* nrt tVj fruit Is plentiful
on markt hut sun’ea •*** r-ither noon,
»rr >*' « are eveH’ent Wafr-rc*’.
j "e»eloune shipments continue T*xe
I fields -re "*epe**Pv clean no. l »*le*v.
inn end cultivation are progre* ns fa
vorab'y.
TRADE WITH GERMANY.
American exports to Germacx m
19?fi amounted to s3ll 437 ooc higher
valuation than that of an> previous
>ear except 1912 and 1913 The three
I principal com mod ilex exported were
| cotton lard and wheat, of which cot-
I ton comprised more than n third of
the total value I'ommrntms on the
- trade with Oermarv, the National
| Bank of Commerce In New York *ix*
that It recovered to a remarkable d’e
' grre, because, after the United King-
Mom. Canada France. Cuba. Japan
I and Italy, Oertnany was the chief
customer of the United States »n
KIWANIS CLUB
Meets every Thursday, St. Paul’s Parish House,
2:15 to 3:15.
Z. FORD BOND, Sec.
BULLS AND BEARS
(Furnished by Doremus & Co.)
LIVERPOOL CABLES.
Due lb, to 7 lower, opened steady
2 to 7 higher, midday steady, net
advance of 10 to 16, spot* good de
mand, 3 lower, mids. 8.17 d, sales 10,-
000, American 8,000.
COTTON OPINIONS.
Mund* Rogers: Look for a renewed
upturn movement on appearance of
unfavorable crop news.
S. M Weld: Market has appear
ance of going higher temporarily, al
though it will probably be advisable
to take profits on any good bulge.
Hubbard: Still say that until such
time as a clearer knowledge of the
ultimate yield can he obtained or un
til spots in the South are offered more
freely the tendency of the nutrket will
be to work gradually higher.
J. S. Baohe: Believe market will
continue to sag to a temporarily low
er lev«l
COTTON LETTER.
Liverpool October 37. December 24
above parity. No particular news this
morning. Local cloth market firm,
business moderate. Southern spots
about 25 down; Dallas 10.60, eleven
markets sold 13.000. Prefer long side
on setbacks like yesterday.—Cleve.
, WEATHER.
Ther*» have be**n showers in the At
lantic and Gulf states and the out
look Is considerable cloudiness and
scattered local showers In the Atlan
tic and East Gulf states and Tennes
see. with no material change in tem
peratures.
GRAIN OPINIONS.
I imson: in our opinion bumper
prospects In .heat and oats are a
tiling of the past.
Leland: The wheat r.ituation looks
trong. The advatnage temporarily
appears to be with the holders of
corn. Oats will follow other grains.
Thomson Mf'K.: We can arrive at
only one conclusion, namely, higher
prices.
Bartlett Frazier: If this spring
wheat iit laticr. does not improve
winter wheat farmers may not be so
anxious to sell. Feel very bullish of
the entire sugar.
COTTON SEED OIL.
The react.on was looked for by
many leading bulls and anticipate fur
ther reaction this week, due to ex
pected profit taking, crude southeast
7V« sales. Vajley "Mr and Texas 7c
sales. Look for market react some
what further, but believe purchases
on good rcession?-. will eventually show
reasonable nrofit*.
STOCK LETTER.
Heavy government withdrawals for
tbs» purpose nf meeting the maturity
of treasury certificates on Friday are
prlncipallv responsible for the stiffen
ing of the -'all monev rate, but if
government is able to retire the Issue,
without making a new offering of
certificates, it would he more Impor
tant than a temporary decline in the
supnlv of funds on call.
Negotiations for funding the rail
debt nr P coming to a point where def
inite announcement should he forth
coming soon The stock market is
meantime paying a little attention to
genera I development but there are
signs of public participation in th P in
vestment market, a good sign, with
its reflection to be looked for later in
the stock market. We believe that
there is some rather confident buy
ing going on. but buvers are not bid
ding for stocks, preferring to take
them on reer-s .ions. Consequently, the
selling being more speeu’ative. looks
more convincing, but w-e doubt wheth
er it really is. It is to be noticed
that the list of issues in the progress
can he made on the short side is nar
rowing steadily.
MEXICO WILL PAY
All Just Claims of Foreigners
For Damages
MEXICO CITY. All countries
whose nationals have suffered dam
ages from Mexican revolutions have
been Invited by President Obregon to
appoint delegates who will meet Mex
ican representatives and form a per
manent committee to pass upon
claims. The invitation was issued in
the form of a presidential decree pro
mulgated Tuesday night, and it wHI
be sent to all interested nations by
the foreign office.
The foreign secretary’s instructions
to various Mexican embassies and leg
ations request the diplomats to in
form the nations Interested that Mex
ico Is "disposed to enter Into arrange
ments with foreign governments look
ing to the equitable indemnification
of persons who suffered damage be
cause of revolutions in Mexico from
1910, to the present time.
President Obregon. in Issuing his
decree, is declared to have been “In
spired by a desire to act in accord
ance with the precepts of Internation
al law."
The entire session of the cabinet on
Tuesday night is said to have been
occupied by a discussion of this nlan.
and It was decided it was unnecessary ,
for Congress to adopt a new law cov
ering the subject.
OLDEST AGRICULTURAL
SOCIETY HOLDS 137TH
ANNUAL MEETING
NEAR CHARLESTON
CHARLESTON. S. C—The one
hundred and thirty-seventh annual
mid-summer meeting of the Agricul
tural Society of South Carolina was
held on a plantation on James Island
near here Tuesday. Professor K. O.
Flhben. of Cornell University was the
honor speaker, his address being on
an Important technical feature of ag
riculture. the society is the oldest
agricultural organization in the Unit
ed States.
PROTEST FREIGHT RATES
MEMPHIS Tenn —The Southern
Hardwood Traffic association, repre
«enttng 400 member firms in the
South and in other sections of the
•ountrv voted at a special meeting
here Tuesday to file an Immediate
complaint with the interstate com
merce commission against the exist
ing freight rates on logs, lumber, coop
erage ar.d other forest products.
CONTEST SALE OF THE
MOULTRIE PACKING CO.
MOCLTRII-:. Ga -Witnesses were
« xamined here* Tuesday in the hear
ing of Moultrie's allegation before the
Federal Trade Commission that the
purchase of the' Moultrie Packing
company violated Sec tion 10 of the
C’svton act and section five of the
Sherman net C T Sadler, examiner
of the Trade commission is presiding
Three witnesses were examined Tues
day. Complaint wns filed in 1919.
HONOR HERO OF WAR
PITTSBURGH. Pa —The body of
Thomas F Enright, who was one of
the flrrt three soldiers of the Ameri
can Expeditionary Force* killed In
the World War. arrived in Pitts
*n* w i . >•!.«% and wn
i mediately to the he nv» of his .sister
Mrs i’baric* A Trunr« The*e wa*
no demonstration, but Tbu r sda\ the
I I tody will he taken to soldiers' me
imotisl hall where it will be In state
until Saturday morning when s pub-
I ll>* tnllltar> funeral will be held from
St Paul's c athcdrnl.
All mllltar> organisations of the
city have slgnlfie 1 their Intention of
taking i*art in the service*, which will
he held under the direction of the
American Legion. ,
SHIP BUILDING OFF
Declines 900,000 Cross
Tons in All Countries
NEW YORK.—Merchant ship
building in all countries of the
world fell off nearly 900,000 gros:--
tons for the quarte.* ending June 30
last, as compared with the previous
three months, according to a report
made public by Lloyd’s Register of
Shipping. This decline, the report
said, is the sharpest recorded since
construction reached its high peik
in the fall of 1919.
American shipping dropped near
ly 400,000 tons and British about
270,000 tons, with all other countries
about 250,000 tons. No report was
obtained from Germany.
Total tonnage under construction
June 30 was 6.109,000 tons of which
the United States was building
717,000 and the United Kingdom 3,-
530,000. Included in the British fig
ures. however, are 735,000 tons on
which work has been suspended
and 444,000 tons delayed because of
strikes.
“United Kingdom ship yards,”
the report said, “passed those of the
United States in the volume of work
on hand at the end of 1920, and
have steadily increased their lead
since that time until now the mar
gin in their favor is nearly double
the 1,472,000 tons of a year ago.
In that year the work on hand in
American yards had declined 66 per
cent compared with 1 per cent for
Great Britain and about 4 per cent
for other countries.”
Agriculture Course
at Hephzihah School
Will Be Put Into Effect at
Forthcoming Session
Plans have been completed by the
Richmond county board of eduea’xn
for the installation of an agricultural
course in the Hephzihah high s »hool,
which is provided for under the
Smith-Hughes bill, for high schools
in the United States,
The bill provides that the county
board of education must furnish
necessary buildings and equipm I t.
and the federal government will em
ploy a trained and most cana K»
teacher for the subject, who is said
to be paid by an appropriation set
aside for that purpose.
It is understood that an addition
to the Henhzibah nigh school for the
accomodation of the agricultural
course, which will be opened for stu
dents aj the of the . oming
school year has already been . r >vid
ed for. A large room fitted with the
necessary equipment required for the
course, will be added to the present
building. An instructor has already
been named.
The course will be a mixture of both
practice and theory. The book and
lecture room courses are to be sup
plemented with acMal ;>ra ; ce on »ne
farms of the parents of the rh’uhvp
taking the course. This is along the
lines of the svstem emu. >vei n the
higher agricultural coll-ges.
As far as can be learn d Richmond
is the first county { n the state to ipkc
advantage of this federal aid.
DISCUSS FREIGHT RATES
Shippers and Carriers Renew
Conference at Atlanta
DISCUSS FREIGHT
ATLANTA.- Freight rates into
Southern territory again held the
attention of shippers and carriers’
representatives here Wednesday
and the former prepared to give
their individual views on the sub
ject. ,
Shippers complained Tuesday
that the roads were not obeying
regulations of the Interstate Com
merce Commission regarding the
rates into this territory, and after
a clash which almost precipitated
an adjournment of the rate confer
ence, it was announced the ship
pers would prepare a substitute
rate plan for presentation Wednes
day. Later, however, it was de
cided that representatives of the in
dividual cities and organizations
would present their own ideas on
rates.
DAMAGED SHIP DOCKS
XAPT.ES. The steamer Pocahon
tas. which was damaged d ring her
voyage to this city from New York
allegedly by member* of her crew
entered a dockyard here Tuesday
for repairs It ir. expected she will
depart on her voyage to America
on July 26 and that she will carry
passengers.
PROBE KU KLUX KLAN
PENSACOLA. Fin.—Both Federal
and state officials are conducting an
Investigation into the activities of an
alleged organization nf the Ku Klux
Klan here Chris Lochae. the man
who was ordered to leave town last
Friday night by the alleged klansmen
has returned.
STEEL CO. CUTS WAGES
YOrxOSTOWN. O—The Brier Hill
steel company, an independent steel
company. normally employing about
10.000 men, Wednesday announced a
reduction in wages which will bring
common labor from 36 cents to JO
cents an hour The reduction, effec
tlve July 16, follows similar cut* an
nounced yesterday bv the Sharon
.Steel Hoop company and the Republic
j Iron and hteel company.
the country is sound.
The result of the economic ques
, t.onnaire rent to 8.0(H) Uusbiess and
I agricultural interests ar.d new. papers
throughout the 27 stat*** composing
I the Mississippi Valley territoiy, by
the Mississippi Valley Association
show- that the combined sentiment of
3,000 returned que tionnaire* is ex
pressive of the op nion that the indi
vidual and financial condition of
business in the United States I*
basically sound, that the present de
pression in business Is du.. to the uni
versal d« mand of the public for low
er living cost*; that n« additional
system of credits * needed; that the
u*ua: law of supply and demand ha*
little hearing on the present s'tua-
I lion: that the pre«* of the country ha*
I given too much publicity to depress
' Ing rumors with regard to huslne* ;
1 snd urge* a truthful statement of
| facts concerning the business situa-
I tton as* the right sort of propaganda
| to he d *«enrnated to the public. The
compodte thought and sugx*stions a*
! expressed in the questionnaire are to
form s basis f.»r the adopt on by the
i Ml«- «*lppi Val’ev \-socistlon of a
I program of constructive thought an t
action tending to relieve the apparent
business stagnation
ALBERT H. MARSH & GO.
PUBLIC ACCOUNTANTS AND AUDITOR 3.
Audits, Investigations, Costs. Constructive Accounting
PHONE 850 Established 1908
AUGUSTA, GEORGIA
J. HARRY JOHNSON
STYLE, DUALITY, PRICE
FURNITURE.
1208 Broad St. Phone 3350
Augusta. Ga.
PALMER-SPIVEY CONSTRUCTION CO.
GENERAL BUILDERS
Main Office—Augusta, Ga.
Branch Offices—Columbia, Charleston, and
\ Spartanburg, S. C.
CALORIp
PIPELESS FURNACESV>4
W. B. TOOLE
935 Bread St. Phone 264.
LAWRENCE CONSTRUCTION CO.
GENERAL CONTRACTORS
ALL TYPES OF CONSTRUCTION
RESIDENCES WAREHOUSES FACTORIES. PAVING
16th Floor Phone 1773 ' Lamar Bldg.
Advertise up to your
hopes and expectations.
Business grows bigger by
looking ahead to bigger
things.
CAPLE ELECTRIC CO.
Electrical Contractors and Dealers.
All Kinds of Electrical Wiring and Repairs.
A Complete Stock of Electric Appliances.
AGENTS FOR EDISON MAZDA LAMPS.
PHONE 1106. 312 EIGHTH ST.
' $600,000,000
Hoover Says That Amount Is Needed to Put Rail
roads on Their Feet
WASHINGTON. —Six hundred million dollars, sajs
Herbert Hoover, secretary of commerce, is needed
by the railroads before they can begin functioning normal
ly.
If, through funding of the amounts they owe the gov
ernment, they can obtain this amount. Hoover believes they
can at once pay their overdue bills, place orders for re
pair and maintenance supplies and give an initial impulse
toward a recovery in industry.
Both Secretaries Hoover and Mellon indicate they have
been “sold” on the idea of F. H. Goff, President Harding’s
unofficial railway mediator, that the first step toward any
real industrial revival must begin with the railroads.
“The railroads,” Hoover says, “normally consume 20
per cent of all materials and employ, directly or indirect
ly, 20 per cent of all labor in this country.
“Today on maintenance alone they are employing 200,-
000 less men than necessary if the lines are to be kept in
serviceable condition.
“I am hoping to get quick action on the question of rail
road refunding,” Secretary Mellon says. “Authority for
the funding exists under present law, but it might be nec
essary to get from congress an appropriation of perhaps
three hundred millions to carry the operation through.”
NEW YORK EXPORTED GOODS
VALUED AT THREE BILLIONS
LAST YEAR.
American exports valued at $3,119,-
55Q.884 flowed through the port of
New York during the past year bound
for foreign markets. During the same
period imports valued at $2,933,384,471
arrived in this port distribution
over the United States.
A comparison of the figures of 1918
shows that the export trade showed a
decrease of approximately $231,900,000
while the import trade Increased
about $868,000,001).
Foreign exports, which reached tho
total of $117,975,916 ir 1919, were
• haded down to $<*1,965,715 during the
past year.
Foreign commerce yielded duties In
1920 which totaled $223.606.C70. which
registers a substantial gain over the
collections of 1919. which amounted to
1172,279.527 55 Miscellaneous custom
house receipts aggregated $4,682.-
596.15 In the past year, n* compared
with $1,649,333.94 of the preceding
year.
FIND MURDER PLOT
Planned to Kill Atlantan to
Get Insurance, Charged
ATLANTA (da —-Thomas'J Harris,
was arrest'd here Tuesday charged
with “conspiracy to commit murder."
county oT!< ial* < harping he had sought
to hire Robert <’. Dennis to kill C, C
Fortner In order Uiai Harris mini
be in a position to marry Mrs. Fort
ner snd collect three thousand dollar*
life insurance Fortner carried
Both Harris and Dennis confessed
In written affidavits, it was declared
• sheriff's office
ing he merely appeared to agree to the
plot in order to learn what' Harris
• ought to do Dennis also told the
deputies that Harris had planned to
OB n drug *t->re In order to get |$M
to pay him for the killing. Dennis
added that he Informed Fortner of the
alleged plot two days »«o.
KILLED SON-IN-LAW
TIPTON, tn.—L G Rutland, charg
ed with the murder of hi* son-in-law
Howard Ma*#ey, wa* convicted of
voluntary manslaughter here Ist*
Tuesday b> a Jury which fixed the
WEDNESDAY, JULY 13
JOHN W. DICKEY
Stocks, Bonds, Real Estate,
Loans and Fire Insurance.
Masonic Building.
! Augusta Roofing and
Metal Works
Anything in roofing. Blow pipe
work and general sheet metal
work.
529 Broad St. Augusta, Ga.
Phone 2683
AUGUSTA TRUNK^
FACTORY
718 BROAD ST.
. Trunks,
Leather Goods,
Prices the Lowest.
rg
j
sentence at ten to fifteen years im-*
prisonment.
There was bad feeling between the
men as a result of Massey’s marriage
to Rutland’s daughter last November,
it was testified and this culminated'
in the killing in March at Massey g
home. Rutland had objected to the
match. Mrs. Rutland and her daugh
ter were the only eve witnesses to the
affair and under Georgia law Mrs.
Rutland could not testify.
ONE DEAD, 11 HURT
NASHVILLE, Tenn.—Twelve TTieJ
employed by the Nashville. Ch'atti?
nooga and St Louis Hallway In re
pairing damages result ins from a
recent wreck at Kingston Springs,
were brought here Wednesday morn
ing suffering injuries of various de
scriptions as a result nf the gas mo
tor ear on which they were returning
In the scene of their work from Pcg
rtm running into work cars Tucadav
night.
Ira Oalbreath, Eva, Tennessee, died
following his arrival here M K.
Pruitt Columbia, Tenn . foreman of
the crew is not expected to live Ber
nard <’aske\ is also supposed to bt
fatally Injured
Oaklet Price. Franklin. Tenn., suf
fered concussion of the 1.-ain and pos
sible Internal Injuries. lie may die.
CASTOXIIA.
Berm th» /) TM Kind Vou Hate Murats Bought
7
irtte/cftA I Cdi^ON
MeMISSQ)
®BR°keRSEHS
Mt ? OTTON F-xroANSr
ÜBERJF Bonds Bouonland Sold