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T /A . EOF WAR BO W; :ng:on, Nov. 22.?Evrry j some rr>. of people from Ta Tacc ..* from Providence or P or frc i ome other point on ' map i the most prosperous nat > ear.] .vrite letters to the treasr.j parlr.? .t at Washington and a. j vice r.. 1o safe investments for money. that are accumulating 1 : pockets. That department does not w put i' elf in the position o? uu pushi g its own wares, but it 1 lot of confidence in the govern ? | securities that are kicking abou' . j really feels that an opportune v j * profit on an investment in the ttiri'ies is about as gco<l a thi * TJ ? nn ! one should wane, ix t'tasury officials will revea' a ' it on which raak^i it look a t1 , ;i.> investor might go far anr1 ' ?v "se than by pu r:u.s:.i.7 govt" b rds. i In all there are ten varieties o' ? / nds on the n: ? k?t. 'i'lt.- g>. r v 1 none of then' for sale. Th? y redely sold. ?h v are now own- i tl;p people. Th g?v*;rnnr<err. m:> i profit by their rise o: fall. It hr. to pay interest on them at par an got to retire them at maturity T - : all the same to the government if they j 1 ' Bell at 90 or 120. ' 1 * ; The first Liberty bonds issu^ ; drew the lowest rate of interest. Th v j were three and a half bonds. Stran Cj to say, of all the issues this is the o e! that is today bringing the higher- I - '? I price. These threes and a nan are ?v , selling above par. The reason for this is that they are exempt from in come tax. Rich folk whose surplus in ( coxae goes largely into the coffer of Uncle Sam, buy these bonds ar, are allowed to keep the whole 3 1per cent They are a good buy for th' rich f oik, l)ut they would be the wor ; buy in the lot for a poor man who i r not paying a high rate of income ta: It is interesting that he fourth Liberty loan issue, which pays 4 1-4 pe s cent, interest, sells way below par It is the cheapest of the government securities on the market. It sell around 94. It is not "exempt from in come tax, and so is not as good fothe rich man. It is fine, however, fo the poor man. It is worth more tha' I if ;c <.heaD js largelj | .94. Tne reasui. due to the fact that there is sc much of it. It was the big issue. There is $6,000,000,000 worth of it. There is always a certain per cent whe are forced to sell for one reason 01 another. Of a big issue there are morr holders who put their bonds on thr market. The old law of supply and demand works and the price is rur down. The fourth Liberty loan 4 1-4 . at the present price pays 4.77 ( per t cent on tfie investment. The bankers favorite of the Liberty bonds is the third 4 1-4. These bonds mature in ten years". Thfcy Mrf selling a little below par. The inter ! est is good and. early maturity in- * sures a profit on the buy. At the pres- I ent market price they figure to yield ? 4.87 on the money put in them. 1 < Then the re are the second four: * and a quav er. They are to buy of them all that'iust now yields thej^ highest^ return on the investment. ' Thov'cen avound 94. The government j ? " ... . ] has the. privilege of retiring them in 1927 and will probably do so. This 1 means that there will probably be a ^ profit of 6 cents on each dollar. This ^ added to the interest that will be collected in the meantime means that these government bonds are today a 5.18 ^per cent investment, which is mighty good for the bonds of -the government which is the most finaiir cially sound of any in the world. Thosg figures are based on the known fact of the rate paid on these bonds and the known figures at which i they will be retired. There is nothing | speculative in government bonds,! bought at these figures. One knows exactly what his returns will be. But there is a speculative element in the purchase of government Donus. Before the war, for instance, this government was able to sell its bonds at par when they bore interest at the rate of 3 per cent. When a nation is at war, no matter how strong it may be, its securities will not sell as readily as in times of peace. It must'Offer higher rates of interest. The United States offered those rates of interest. It sold most of its bonds aTound 4 and a half. It will continue to pay that four and a 'half until will Ka fan 90 VI1C11 IllObUUVJ nuivu "ill wv wily mv and 30 years. If it is granted that, after we have returned to normal conditions, the rate of interest the government will TV 1/ 4i The Delco-L type?used in tl engines and in biles. It is air-coole< r -has only one ' . ing valve in pla The storage 1 built for Delco rubber separate insure long life Jj I I jsm ^fffi^KOMEST * iave to .pay will be a^ high as 3 1-2 >er cent., there, will still be a hand-1 tweri ome interest premium on these long 1 oans. It can hardly fail to be true 0wn< hat the prices of these bonds will ;mpr ise in. the open market. One of these antj Liberty loan bonds can sell at 120 abie< ind yet yield a 3 1-2 per cent return 2qUj pvestment. Those wise in finances believe that 120 will be about the normal price of th best of these bonds ^es two or three years from now. If one buys at 95 today and sells at 120 ^ thre years from now he will have cleared $25 on each $100 bond. In the meantime he will have secured r interest on his investment. ?00d ing. FARMERS OUGHT TO SAVE tod? SOME MONfeY THIS FALL ever The Progressive Farmer. In connection with what we are saying elsewhere in this issue about mor farm finance, there is one point we . . ' . . i_ reac wisn especially to empnasize, nameiy, the need for saving some money this fall. Cotton, tobacco and peanuts, ^ou our chief crops, are bringing good tc * prices ,and we will be poor business men indeed if we do not take advan-j jtage of this opportunity to put by'j)ea j something against the rainy day thatj r | nearly always comes. lwor The tenant farmer, first, should ancj save-with a view a home ownership:-pe0j Tenancy is no disgrace, but hope con< every white tenant farmer in the kjss South is using his period as a tenant 'an(j as a stepping stone to farm owner-J jeSj ship and a home under his own vine desc and fig tree. Necessities of course beta should be bought, but put home kiss ownership above every luxury. The ^ men automobile, the piano and the talk- l3la\ ing machine are fine, but let them "j wait, and pat tftie money in some,on 1 i . *. ELtX %Sio0^ric?tyJ ight engine is the valve-in-tho-he hie best and most powerful airplai hundreds of thousands of autom i i?runs on kerosene in any clime placp to oil and has a simple mi ce of carburetor. battery is exclusively designed ai -Light with thick plates, wood ai ors and many improvements th \ *% 1^ ^ ^ ^ Delco Light is a .:om .? _ ^ . for farms, count? * -?. Licras ?*jm . m^L.' - - - ' - -' 'IC ENGINEEkiNM tClii'. mpHHMataK - ?? wcii ix ic is no more than _iie aay-? \yn* * ? *?'? i , , , liy or iuri,y atica. , men, aDOUt I <o the average man who already va]iant deed) 5 hi3 place we would say save lor . ,.a , ,. , . in solitude an oving it?lor making the farm hpme more efficient and enjoy-j Vovrn' receiv< , Good teams, good buildings and across their t pment for making' tha farm the ruler w 's work easier and pleasanter knighthood. ! ild have the first calL After'fated the Leg e, invest in automobiles, pianos, many q? the ( ing mahines that farm fancies ^ knight] ild have and enjoy. _ swerd stroke finally, for the farmer wrho is ally well supplied with this world's1 Is, there is no better time for sav- |r?AL SUGA Because of high prices, money SANCTH iy is cheaper probably than it will be again, and it may be %that a| Malt sugf ar saved today will be worth, in sweet which ing power, 50 to 100 per rent mercial sea e in two or three years. moment to r< To every Progressive Farmer say the speci ler we would say, get the thrift Chemistry, I] it. Save your money, and teach of Agricultu r children to save. And the time ?ated variou >egin is now. ,^n addition i sugar sirup THE KISS AS A SALUTE. somewhat re which adds i rborn Independent. . land value as The forms of salutation vary'the I Commercial Id over according to the custom While ma temperament of the different [known to ch jles, and each nation has its own ja commercia :eption of what is proper. The Two factors appears frequently in Semitic Ruction red Aryan antiquity, as the Old sugar has de Lament reveals. Herodotus has a and the rece :ription of the kisses exchanged made availat veen Persians ana tms^use 01 we ana tne m as a form of greeting between manufacture i still prevails in France and the made from t ric countries. and may be rhe French custom of kissing men toes or any both cheeks has come down from Barley, whicl VTIi t ad * Delco-Light !oi Qe stage and has got o- of three and oneusage by 75,000 cu You will find p munity. Just ask x" Light plant Delco-Light ms 3d and labor, taking id , tasks. It "Pays fc at the time it saves. Of the more tha Light, the first ar< proof that the sir Light meets the re There's c Calhoun C I -S F// ! ?/' ^ j i "v; jl;. j| ' ; .. .-v?- *- ?> V! ;: ;i i lir;r chut J.:;:, CluJ frn i f '? '#vj. i BMUil Hli'JfegfcfliaKfttafr*E? raz-r '^. ?n young French nobleo be knighted for some she -* wome spent twenty-four hours ,[ slid d then came forth, Icnelt a^y ;d the stroke of a sword eon. tacks and were kissed fiy and e ho was conferring the "Be sne w Napoleon, when he init- ' Dit ol coAtns tfon of Honor, ei-i.. ? "7~:. . childr )Id customs m connection things flood, but retained the babies and the kiss. me in no 01 R SUBSTITUTE HAS C^Hj >N OF GOVERNMENT unjP ? sar ir sirup is a bland-new has arrived on a com-1 le at the psychological tfl jlieve the sugar shortage, iaHsts of the Bureau of United States Department llsflk iral, who have investiis substitutes for sugar. pal o to being a sweet malt xver? has a delicious flavor,! sembling that of honey, j went nuch to its palatability | a sugar substitute. I some! Production Beginning daint It sugar has long been emisus, iu? pxuuutnun vu 11 one ?? 1 scale is only beginning, d now have stimulated its pro- Brew ently. The shortage of can be 1 iveloped a market for it, for its i int prohibition law has point th ile both the raw material sugar si achinery needed for its cess for . Malt sugar sirup is pans is 1 ;he same grains as beer, nent re< made from com or pota- malt suf plant containing starch. ?xc? i was used until recently Malt 1 |HL( KB ' W|BBK .vflHHi ^99Qt ig ago passed the e ie through the refinir half years of produci stomers., slants in the homes o: your neighbor about ikes happy homes; it away lots of hard, c Itself" by the work / n 75,000 Satisfied User e among the most en aplidty and durability quirements ol its custc Delco-Light Man Ne*r Y / Electric Seroic treertwood, S. ( I k i 4 - 'aa There "lb of Luncheon was just over, and .as talking to a little knot of n. The first words I heard, quietly into anearby seat, wezw onal Biscuit," recalling pleas uiy own tasty Uneeda Lunch? I liked her, and )ly as she spoke tween the dara and daylight,1! as quc^ng^tterej^alway^? waiting and listening?for th? en. Since they were tiin i, I've given that hourtaMnfl i. First I hadtcyj^00IIH NATIONAL BISC u see, on, "are mucblifW^^HHfli They are most lovable ana tractable after they've had :hing to eat National Biscuit ies always begin onr Chilanufacture of beer, cir, be us-' to produce malt sugar siru::.,' series, with very little change, ^ used and are now bcins used nanufacture. Up to a certain e process for making rnalt^ rup is the same as the promaking beer. Evaporating the principal additional equip-," quired by breweries to become j far sirup factories. ji Kent Substitute for Sugar. |1 sugar sirup looks very much i HHBHHHDHBHHHi T I * ' 4 i < % C, # xperimental ig influence don and of t your com* hfeDelco?{ unpleasant it does and .< s of Delco- * thusiastic? f'afDflfc* imers. *u.. S? ' . M 00 M ' jW' _w'* .^ "V^Air'<5'?S - r* e Co. ' %' - -. : :'!' -v . / U* Area's Hour tike a feast Fop the tiny toddlers there Is a varied menu, sometimes Uneeda BLwuit pnd milk, sometimes Graham Crackprn Crackers or Lnnch Bis cult. This Is changed on special occasions to Old Time Sngar Cookand, rarest of HPHRP%re days when we had ice cream and Nabisco, and those were oar party days. I^n'^hinl^nj^hopr is just a us happily, that is all> and made us sure they would keep coming every day?for yon and I both know we most feed , ^te^^hildren, as we most If we would A , after their like in by the unanimous JL JOur te of the family, ^pt seem : enough uircoMBwrr^^^^jST?!8 ^^^^^ mways dainty, ai a^Mias only National *' - W^. ^n*ln/T ttia I Biscuit rroaucts can ue. uurwS >-?*- ;u years when my babies were growing J up we never missed the Chil- I dren's Hour with its fasty feast. ike maple sirup. It cart be used for vcrylhing that cane sugar is used ij.\ While its use on the table may rcl be quite as-convenient as sugar, i' is a most excellent substitute for able use when sugar is not to be had as it not only provides sweetness but i; r<jual to sugar in food value. For cooking and baking purposes and for making candy it is not only equal to ->upc<w 111 tunvciiieiice unu iuoa vsiur but is superior for some uses because it wiJI not so readily crystallize. m i;a- .