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TWO
G-E Fans
Speciall
allpurpose [ f |IMS™
flinch Hic^v/itM
Oscillator
c l\r J The 9-inch oscillating fan
for home and office. Great
/p. \c V quality in a small oscillator.
LA aV \ Gives a whale of a breeze.
Costs about one-half a cent
'flrwH an hour to run*
mKHU Look for the Q-E Fan Girl
* n die Dealer's Window
GENERAL ELECTRIC
G-E Fans Sold By
WHITNEY- McNEILL ELEC. CO., 841 Broad St., Augusta, Ga.; ATLANTIC
ENGINEERING CO., Millen, Ga.; SPARTA HDWE. CO., Sparta, Ga.; THOMSON
HDWE. CO., Thomson, Ga.; J. C. ANDREWS, Waynasboro, Ga.; PALMER
LEWIS HDW. CO., Waynesboro, Ga.
Hood and Mason
HOOD PRICES
List Sale
Price Price
30x3 C. L. Hood Cord $13.50 $ll.OO
30x34 C. L. Hood Cord $16.25 $13.95
82x3S. 8. Hood Cord $32.80 $22.40
32x4 S. S. Hood Cord $37.70 $26.50
38x4 S. S. Hood Cord $39.15 $27.50
32x4«i S. S. Hood Cord $42.75 $34.00
33x4*1 8. S. Hood Cord $43.35 $35.00
34x44 S. S. Hood Cord $44.50 $36.00
35x44 S. S. Hood Cord $45.70 $36.55
33x6 S. S. Hood Cord $52.80 $40.65
35x5 S. S. Hood Cord $55.35 $41.90
80x34 C. L. Hood Fabric ...$11.90
32x4 S. S. Hood Fabric .. . $17.00
33x4 S.S. Hood X-Ply Fabric $22.00
Here’s the Tire Sale that all Au
gustans have been waiting for.
Better Tires are not built, Lower
Prices have never been quoted,
and the values are the very
highest.
NOW IS THE TIME
TO BUY
Buy two or three tires at
these low prices. They will
never come again.
Mutual Tire Company
911 BROAD STREET. PHONES 21 and 68.
TEN-DAY
Tires
I
Mpll
H
i' Xjuyll
/ W, AjSSfipt , AjjJ
pSii&iL
r
MASON PRICES
Mason Clincher Tire*
Bits List Rale
Price Price
80x8 89 90 SBBO
80x8 Vi 10.16 9.95
80x8Vi Standard Cord 18.98 11.15
30x148 overall* Cord 18.70 13.95
Mason Heavy Duty Cords
Sise Diet Sale
Price Price !
82x3Vi .' $23.10 $19.95
31x4 26.36 21.85
32x4 26.86 22.35
83x4 26 86 23.00
34X4 27 33 23.65
32x4 V* «. 34.18 29.58
38x4 4* 35 00 30.25
34x4 v* 1808 31.1$
35x448 38 90 31.55 1
3«x4V* 27.80 32 85 «
33x3 44.80 38.56
38x5 48 25 39 95
37x5 48.55 41.95
All tires are guaranteed first
class, no seconds. We are over
stocked and as these prices will
reduce our stock in a few days,
we urge* that you make your
purchases as early as possible.
You save from $2.60 to $14.00
on tires purchased during this
ten-day sale. Come early while
your size is here.
4$
This is a Hood and Mason Tire
Sale.
THE AUGUSTA HERALD, AUGUSTA, GA.
“Your Dollar Will Be
Worth More”--Babson
ROGER W. BABBON SEES GRAD.
UAL DECLINE IN COM
MODITY PRICES AND
CORRESPONDING IN
IN INVESTMENT
VALUES
BAUSON PARK, Maes—The de
cdtne In commodity price* con
tinuing steadily since tha first of
thli year has brought average* to
a point, but 46 per rent, above pre
war levels. The trend, still down
ward, la slowing up a little and
many commodltleH that have suf
fered severely will doubtless come
back. The success of business men
and Investors over the next few
years, however, will depend to a
CHENEYS
EXPECTORANT
//vjMivr irurr ro*
SUMMER COLDS.COUGHS.FLU
AHD BRONCHIAL TROUBLES
FACTS!
Tha naw Oam Bladaa Hava
tha kaanaat adgas avar
put on staal. Na blada In
tha world can gfva such
marvelous shaves as Gem
-orrstaln its edge through
so many shaves.
These are not clalms-they
ara facta. You ara missing
finer shaves than you avar
drsamad posalbla until
you try thasa
Marvslous Naw
GEM
Doublt-Ufe Bladts
CTee OEM Snf.ty jßesors
large extent on their correct Inter
pretation of this trend.
Commodity prices, therefore, have
tho center of the stage, Just now,
and the business world and Its
students teem to be split Into two j
opposing camps. In fact, w# seem
to find two schools; a group of
“fundamentalists” and a group of
"modernists, ’’ If you like, who dis
agree even as the churchmen.
Roger W. Babson, the statistician,
and most prominent representative
of the "fundamentalist" group In
this discussion believes that the long
swing of commodity prices will be
downward. He bases his conclusions
on the studies being made at the
Babson Institute.
HABIT OF COMMODITY
PRICES DISCU6SED
“If we begin by getting the facts
on the situation,” says Mr. Bab
son, "we find that commodity prices
have a habit of rising for twenty
to thirty years then gradually de
clining for about twenty years. If
we go back to 1789 we find prices
at a low level. They then rose
gradually to a peak In 1809 only to
decline again to a low point In 1849.
Beginning In the middle of the last
century we find a rising price scale
that carries us up to a peak In
1885. Following the Clvlil War
prices again declined to a low point
reached in 1897. From 1898 to 1920
prices again rose and Blnoe 1920
they have declined an average of
40 per cent. Hletorlcal evidence
would seem to Indicate a decline In
prices lasting for the next fifteen
to twenty-five years.
"Those who take exception to this
conclusion argue that there has
beon a war at each of these peaks
and that this economic phenomena
Is the result of wars and not of
the natural trends of commodity
prices. Perhaps they are right, and
if we do not have another war tl.is
broad trend of gradually rising and
gradually falling prices may not
continue Indefinitely. It happens,
however, that we have had our war
for this present generation and It
will have Its affect upon our econo
mic situation for many years to
come. Others poifit to large gold re
serves and tremendous potential
credit Insisting that these will keep
prices up. These same people were
going to keep them up In 1920 by
the same means and have beon
predicting further advances ever
since.
CAPITAL IS STORED
UP LABOR
"This whole business of money
and prices Is cleared up,” continued
Mr. Babson, “If you realise that
capital Is stored up labor, nothing
more, and that money and credit
simply represents an Immediate de
mand on the supply of labor or Its
products.
"Now let’e tee what happ ns
when we have a war. The Im
mediate emergency Invariably out
weighs any other considerations.
A certain battle must be won. Sup
plies must be delivered to a cer
tain point as a certain time regard
less of cost. Governments, exhaust
ing present resources In such an
emergency, Invariably borrow labor
from the future to be used I the
present. They do this by "jating
war loans and borrowing money.
These loans mußt be paid Uter on,
perhaps by the next generation.
What they actually do, then Is to
borrow, nay five years, from suc
ceeding generations and throw
them Into a single battle. Such n
move has two results.
"First: It throw, five years ad-
I’dltlonal purchasing power Into »
market that has only normal or
less than normal production. Prices
rise.
"Second, after the emergency Is
passed and this five years of labor
has been dissipated in fighting we
face the unpleasant business of
paying it back in the form of In
creased taxes. In order to make this
up a part of our labor is taken
from us and we find that we are
working eight hours a day, but that
after paying our taxes, we have the
results of but seven hours’ labor
left. In this case we have eight
hours’ production but only seven
hours' purchasing power. Multiplied
by several million Individual in
stances we very soon find the sup
ply of goods greater than the mar
ket for them and prices weaken.
"In Vnany European countries to
day the ratio Is much worse than 8
to 7. In some It is almost to 1.
Nor enn these results be evaded by
Inflating currency and repudiating
debts as Germany and Russia have
done. Such a course relieves the
future generation on one hand hut
takes the entire cost of the war out
of the present generation and out
of the accumulated labor of the
past. Such a move amounts to a
capital tax and reduces everyone
to a stnvatlon scale of living,
la better In the long run to spread
the cost out over two or three
generation*.
HOW ABOUT THESE
GOLD RESERVES?
"Now. how about these gold re
serves? If money and credit ere
Increased more rapidly than the
supply of goods prices tend to rise,
but such an Increase Is made by
Increasing credit and loaning money
that must be paid back. If you
borrow 11,000, for Instance, and
spend It for the things you want
your Immediate purchasing power
has been Increased by SI,OO0 —your
producing power remains practical
ly the same. Later on, however,
when the loan comes due your nor
mal purchasing power Is reduced
by this SI,OOO which you cannot
spend but which you must pay
back. Any abnormal Inflation of
credit then increases purchasing
power for the moment but reduces
tt later on. Nothing Is gained.
•'With the whole civilised world
facing eeveral years of eight hour
production with seven, six. or five
hour purchasing power I am In
clined to believe that the broad
downward trend of commodity
prices which history would suggest
may be expected.
‘This means that your dollar will
be worth more as the years go by
and le distinctly encouraging to
Investors. If you had Invested sl.-
000 In a 4 per cent 60-year bond In
1900 and had sold It In 1920 you
would have suffered loss from two
factors. First, you would not have
received SI,OOO for your bond, but
Instead around SOBO as bonds were
then selling on a 0.40 basis. Sec
ondly. your dollar In 1920 would not
buy nearlv ns much «a It would
have In 1900. The purchasing power
had shrunk and you lost again.
• During the next twenty yenrs we
have every reason to believe that
this process wilt be reversed. There
will, of course, be Intermediate
fluctuations and temporary Inter
rupt! ns of this broad trend, but
the owner of sound Investment
securities will win both In the
money value of his holdings and In
the purchasing of his dollars.
DROPSYjSIi
smu. j .A.U ll»i- 46,
N r»*r» W Mrrwi in lrvmting Ormnt).
TWO AUGUSTA BOYS
Beceive High Honors at
University of Georgia
Two Augusta boys have Just been
accorded honors at the University
See
Our
Windows.
OUTLET SALE
—OF—
Hot Weather Clothes
IRISH LINEN
CRASH SUITS
For Summer Wear.
$13.50 Values $12.00
$15.00 Values $13.50
SIB.OO Values $16.20
These suits are hand
tailored by the cele
brated firm of Hei
delberg and Wolfe,
New York City.
Gxrbadine Suits
One lot of the excel
lent suits that are
worth up to $22.50,
$16.95 & $19.95
GENUINE LORRAINE
SEERSUCKER SUITS
In Blue and Tan. Sizes d* Q QC
33 to 48 «pO**7*J
Values ta $12.50
ARRINGTON CAMPAIGN
HEADQUARTERS
Rooms 222-223
LAMAR BUILDING
TO THE VOTERS OF AUGUSTA:
We are asking the voters of Augusta to support L. S.
Arrington for Mayor in the coming Primary election, for the
following reasons:
He is not a politician, has never been in politics before,
aid has no political debts to pay.
He is unpledged: His publicly announced platform to
the people conveys all of the promises he is committed to, so
in office he would not be obliged to do anything his judgment
would condemn.
His life has long been a moral force in this community.
His love for Augusta cannot be questioned.
He is approachable, and would give the humblest citi
zen a courteous hearing.
He gives generously of his time and substance for the
general welfare.
He stands for economy in public affairs.
He opposes the lease or sale of the canal to private in
terests.
He favors prompt development of river transportation.
We know these reasons are worthy of your earnest con
sideration, and will greatly appreciate all you can do for him
by your influence and votes.
Thanking you, we are,
ARRINGTON CAMPAIGN COMMITTEE
of Georgia by their election to fra
ternities. Hervey Cleckley has
been elected to the Phi Beta Kappa
fraternity and Dunbar Harrison to
the Phi Delta Phi. Election to
theee eocletles Is regarded a*
among the high honors that can
come to a student. Clecltley Is a
senior and Harrison a sophomore.
Both are former Richmond Acad
emy boys.
MARKS, Inc.
T. P. DANEHEY, Mgr. 978 BROAD ST
m /mm
NEW STRAW HATS
Come to Marks, Inc., for your new straw hat.
Every style is here for your inspection and the re
markable thing about these hats is the price.
All of the finest quality
$2.00 to $4.95
MAIL UNCALLED FOR*
Undelivered parcels and printed
matter at the Augusta, Qa., poet
offlce week ending May 22, 1924.
C. B. Coates, James and Henry
Dixon, J. Esktn and Sons, Dr. F. L.
Leo. A. Mitchell, Harry Maaour. J.
R. McCullough, .Regina Pollctier,
H. E. Robertson, Geo. Smith, So.
Merchants, Robert C. Smith, S.
Walker, H. E. Walker.
TROPICAL WORSTED SUITS
One lot of 50 Suits, all have been
”‘ rke6tog ” $15.00
FRIDAY, MAY 23
See
Our
Windows.
PALM BEACH
SUITS
The finest selection
in the city; styles
and sizes to fit every
one.
The values are easily
worth $15.00, but
they will move quick
ly at the OUTLET
PRICE of
$10.95
Spanish Linen
Suits
The Finest for Summer
$8.95
Values to 912.90