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; t. THE CHRONKLE Strives to be a clean newspaper, complete, newsy and reliable. If You Don't Read » The Clinton Chronicle You Don’t Get The NEWS VOLUME III CLINTON, S. C., THURSDAY, APRIL 17th, 1919 NUMBER 16 i JPWJIU COLD HMED Death of 1. M. Smith. Mr. I. M. Smith died at his home near Kinardd Sunday morning at four o’clock. His death was sudden. He ibccn ig-bad ’liealtti "fcyr Smile and Finish the Job! ti BILLION MW Final Figures on Reparation Given Out After Weeks ol Negotiations by the Allies. Paris, April 14.—One hundred billion gold marks is the amount Germany must pay the Allied and Associated governments for losses and damage caused in the war, plus other billions ro be determised by a special commis sion on which Germany is to be rep- resentwl. This is the final and definite con elusion which has been reduced to writing after weeks of negotiation which took a wide range and involved frequent changes and modifications. The ipayment of the 100,000,000,000 gold marks is to be divided into three dis tinct amounts as follows: First, twenty billions within two years. —Second, forty billions during thirty years, beginning in 1921. Third, forty billions when a com mission shall determine how it shall be done. In view of the fluctuations through which the negotiations have passed, an authoritative statement was ob tained today concerning final terms of the settlement This sums up the condition as follows: Germany is at the outset held gen erally responsible for losses and dam ages in accordance with President Wilson’s 14- points and the Allied re sponse at the time the armistice was concluded. To determine the extent of the payment under this responsibili ty, a commission is set up to take tes timony, assemble data and arrange all details of the payments from the ene my and distribution among the Allied and Associated powers. While the commission will adminis ter v the details of the payments, suf ficient is known to permit the deter mination that an initial payjfhent will be required of twenty billion gold marks payable in two years without interest. It has also been determined that forty billion gold ma^ks shall be payable in bonds extending over a period of thirty years, beginning 1921, with a sinking fund beginning in 1926 These forty billion marks draw two and one-half percent Interest from 1921 to 1926 and five percent interest after 1926. In addition to the foregoing pay ments Germany also will be required to deliver additional bonds for forty billion marks when the commission determlnes^-fhat this shall be done. These three payments of twenty, for ty and forty billions bring the total to one hundred billion gold marks. Beyond this total, the commission is empowered to fix anything further that may be required to cover Ger many’s indebtedness. “In other words,” concluded the eminent American authority, who framed the terms .and furnished tht foregoing summary, “a commission is to set up with power to collect from Germany to the utmost of her capacity to pay, within the limitation of her indebtedness.” It is in the gold mark that all pay ments are expressed in the final terms. This excludes depreciatedjmper marks and fixes the standard of payment in gold. The gold mark is worth about the same as the English shilling and before the war was'quoted at 23.82 American cents. The allotment of the 100,000,000,000 marks amopg the Allied and Associat ed powers has not yet been finally de cided but a tentative arrangement makes the allotment of France about fifty-five per cent of the total; Great Britain’s allotment between twenty and thiry per cent and the allotment of the United States between two and five per cent. ^■ . " The text, of the opening'Clausevof the terms, whereby Germany is held generally responsible reads substant ially as follows: • “The Allied and Associated powers affirm and Germany admits, responsi bility for all losses and damages of the Allied and Associated governments ^ and their nationals from the unjusti- * flable warfare waged by the enemy < powers against the Allied and Asso ciated governments.” Then follows a provision for the cojhmlssion on payments, and extend ed details of the operations of the commission. had ibecu In bad health fin "ffTTOT two, but was a man of great energy, and kept going though he know he was suffering from high blood pres sure and heart trouble. But he very likely lived as long in his active out door life as if he had shut himself in. Mr. Smith was a successful man, as farmer and ill any other busines undertook. He was the president the Smith Mercantile company at Kinards, which doCs a large business in both Newberry and Laurens.coun ties, and exercised a wise control over it though he did not confine him self to the details of the work^ leaving: that to well-chosen men. He was a liberal man, especially towards his Lurch, which he loved and which he often represented in large eccesiasti cal gatherings. He was genial and warm-hearted and had hosts of friends, who grieve at his sudden death. Mr. Smith was twice married; first married and moved to Pittsburg, Pa., The only child by his first marriage married aud moved to Piusourg, Pa.. and died several years ago, leaving several “children. His second wife is a daughter of the late John A. Crom er of Newberry. The children by this marriage are I. M. Smith, Jr., Misses Drucie, Gertrude and Marion, .John Earle, Bryan and Clifford and a younger one. The funeral services were held at noon Monday, and the interment was in the cemetery of the Bush River church in the presence of a large gathering of people. Mr. Smith was about 67 years of age. MAJOR WORKMAN NOT IN CONGRESSIONAL RACE JAPANESE DON’T LIKE THE AMERICAN WOMAN At Least They do not Want Their Daughters Educated on the Ameri can InSui. ~ - . Nearly 4,000 American-born. Japan ese babies and young children, prac tically all of them girls, are being re turned from California and other Pacific coast states to Japan 1 and Southern California every year for guidance under strict Oriental care. Modern woman is advancing in 'ptrides too |fajpld for the Oriental mind, and the Japanese are making this move to protect their girls from 1919 ideas and modernism, accord ing to Joseph Kertland, United States in-migration inspector in charge of the passport division. Inspector Kertland said that. from 13 “to 15 app 1 fcatlbns* are made through him each day for identifica tion. papers for minor Japanese chil dren to return to the flowery kingdom. The parents or guardians of these dark-skinned youngsters state the lit tle immigrants merely are going to the land of their ancestors to be edu cated. Great care is made to .establish the TfiaOhey can return after receiving their strict Oriental education—an ed ucation that makes woman the “silent” member of. the household. In all cases birth certificates, affi davits of the parents or guardians, are attached to the photographs of the children^ Identification marks on the body are carefully noted. The girls are to be returned^ to America in from 10 to 15 years, after being schooled to remain in the back ground and be obedient to "their su periors.” * Makes Definite Announcement at Greenville. Will Resume his Law Practice. , Major W. ID. Workman, of Green ville, who has been spoken of as a possible candidate" for congress next year, has definitely anpounced that, he will not make the race, according to a news item appearing in the Green ville Daily News several days ago. Major Workman states that he will immediately resume the practice of law upon his discharge from the army the last of the week. The announcement of Major Work man removes the name of one of sev eral candidates who have been spoken of in connection with this race. Others w’ho have been spoken of are Capt. J. J. McSwaln, formerly of this county, and Capt. O. K. Mauldin, both of whom have been in the army. Maj. C. C. Wvche. of Spartanburg, has also been spoken of as a possibility but, he has, not made any announcement on the subject. Congressman Sam J. Nlcholls, the fincumbent, issued a statement from .Washington several weeks ago that he was considering returning to -his law practice for financial reasons and that he would not be in the race “if a good man comes out.’!. —— IXTER-SOOIKTY DERATE. The annual inter-society debate was hei<J last Friday evening in the college auditorium and attended by a large audience. The query for discussion was, “Resolved that the negro race in America should be colonized.” The affirmative was represented by Messrs. G. W. Wise and E. L. Barber of the Eukosmian society, while the negative was up held by Messrs. S. H. Fulton and R. E. Townsend of tbe ’Philoma- thian. The judges were Dr. Dud ley Jones. Rev. Edward Long and Mir. C. M. Bailey, and their decision was rendered in favor of the nega tive side. - BASEBALL TOMORROW. 9 With the University of Florida furnishing the opposition against the Presbyterian College, an inter esting game of baseball is to he staged tomorrow afternoon at four o’clock at college park. The visi tors are said to have a strong team and are making a very creditable showing on their present trip. A good game is expected tomorrow and a large attendance is /hoped and asked for by Manager Rich ardson. . , COST OF LIVING TO REMAIN HIGH Little Prospect of Material Redaction. Shown by Statistics. -New York, April 11.—There is little prospect of a material reduction in the high cost of living, sent soaring to unprecedented heights by the world war, in the opinion of O. H. Austin, statistician of the National City Bank of New York, who delivered an ad dress here today on “Price? Yester day, Today and Tomorrow” before the editorial conference of the New York business Publishers’ Association. Mr. Austin attributed rapid increase in prices to three principal causes: First,-the urgent demand created by ihe war for food and raw material for the esc of the vast armies in the field; second, the advance in vrages due to the increased cost of living; third, the, enormous inflation in the 'vorld’a cun envy -caused by the vast quantities of paper money put out by the leading countries. Commenting on these factors he said: 1 “If the governments which have been the chief participants in the world increase in rnTreney should fail to materially reduce that excessive supply, and if-the world’s demand for food, manufacturing material./'and manufactures is to continue at the present rate, are we Justified in ex pecting a general reduction in prices in the near future? The question, J think, answers itself. There will, of course, be instances in which thefe will be material reduction but in gen- «ral terms the outlook for marked or rapid- decline at least in the near fu ture dees not seem encouraging.” «. * The measure by which the currency of the world has been inflated was shown by the speaker when he said that the warring-countries had issued paper money with a face value of $36,- 000,000,000 or more than the value of all the gold and silver mined v in the world since the discovery of America. This docs not include $80,000,000,000 issued by the Russian Bolsheviki. Meanwhile, during the four years of the war, the national debts of the world have Advanced from $40,000,000,- 000 In 1913 to $220,000,000,000 in 1919. He saw little prospects of an imme diate reduction in this inflation in view of the fact that the 1919-20 bud gets of the leading countries of the world called for four times as rtiuch money as those of the year preceding the war. Present indications are, he contin ued, “that the governments of the world will be compelled to collect in taxes about $50,000,000,000 a year ar against $12,500,000,000 in 1913, or say a billion dollars a week as against r billion dollars a month before the war.’ WILSON IS OPPOSED TO ANTI-JAP LEGISLATION Secretary of State Lansing So In forms the California Senate by Ca- bfr. Introduction of anti-Japanese leg islation in the California legislature would be “extremely unfortunate at this time,” said Robert Lansing, sec retary of state, in a cable to the sen ate ofCalifornia received on Thurs day. ^ The text of the cablegram follows: "Your considerate cablegram in re lation to the proposed land legislation in the state of California and in re gard to the landing of so-called pic ture brides bars been received. “I wish to express to you on behalf of the president and myself our ap preciation for your informing us of the bills which will be introduced in t In view of -the present situation in International af fairs here In Paris, It would be par ticularly unfortunafe to have these bills Intoduced or consBeed at this time.” A decision not to press to an im- medtat e vote the report- of the senate rules committee denying him permis^ js(nUlQJ1 in evcry way possible, ision to introduce' AhtT-Japanese legis lation, was reached by Senator Inman In the midst of debate on his demand for a record vote of the Senate on the report. He had demanded the vote after receipt of Secretary Lansing’s cable. HELMETS AND TANKS * WILL AID CAMPAIGN Columbia. April 12.—Five hundred German helmets are on the way to Columbia. They had been ordered by Kaiser Bill for his soldiers to wear on their triumphal entry to Paris, but Bill Oladin was changed by the sol- diersjof the 30th Division and the hel mets along with a lot of other tro phies reached Paris by freight. Other trophies which are on the way are the great war tanks which did such terrible execution and caused the rout of the Germans on many a battle line. The three tanks will visit every county in the state If possible commlnerng with the 21st of April, the day for the opening of the victory drive. LtRliS VIM m wwa fact the children were b^n here so Over-Subscriptions WiUbe Rejected-Last Loan to Fi nance War Expenses. ■ ■ i - / Washington, April 13.—Terms of the Victory liberty load were announced today by Secretary Glass. They are: Amount $4,500,000,000, over sub scriptions to be Yejected. •* Interest, 4 3-4 per cent for partial ly tax exempt notes, convertible into 3 3-4 per cfnt notes wholly tax exempt. Maturity, four years, with the Trea sury reserving the privilege of re- deemiog-lhe n©tes4n^4bree^year«^~- The 3 3-4 per cent notes, to be is sued later, also may be converted subsequently back into 4 3-4 per cent notes. The 4 3-4 per cent securities are to be exempt from State and local tax ation, excepting estate and inheritance taxes, and from normal rates of Fed eral income taxes. The 3 3-4 per cent tecurltles me exempt from all Federal, RELIEF IN SIGHT FOR COTTON SEED OWNERS Cotton Association Announces that There Is a Marked Improvement in Cotton Seed Situation. Columbia, April 12.—There has bel'n a marked improvement in the cotton seed situation, according to a statement issued today by the South Carolina Cotton Association, which has been working on the seed situation for some time. The statement urges the farrfVers not to make use of their seed for fertilizer purposes as the mills wili make direct purchases. * mm The statement issued by the associa tion follows In full: “The South Carolina Cotton Associa- Jion has had up. the question of the cotton, seed^situation for quite some time.' They have been trying to get relief for the seed situation through every know source and are very much gratified to inform the public that the seed situation is being relieved to a marked extent. Tlie Federal Reserve Board has rendered every assistance possible in bringing relief to the seed situation. The Federal Reserve Board has backed up the movement with the United States Food Administration and the Division of Collaterar Commodi ties of the United Stales Food Admin- “While some oil has moved, still the mills have been badly blocked.. In formation now brings to light the fact that orders are being issued to mills to buy seed and the situation be reliev ed as fast as possible. • ' “Farmers are urged not to use their seed for fertilizer purposes, as the mills will make direct purchases. The proposition to store seed and the prp- position to sell seed and accept a cer tain amount of hulls for the same are not in line with the straight out pur chase of cotton seed which will cer tainly be made by the mills. This* should be a great relief to the farmers as they have already been caused tre mendous loss on account of not being able to dispose of their seed.” > has GIFT FOR‘COLLEGE- Thq Presbyterian College just received a Liberty Bond from the Christian Endeavor sodety inr Bethel church, York County. The college is anxious to establish a Christian Endeavor scholarship ^d hopes other soeieties will fol low the good example set by the young people of Bethel Church. COACH JOHNSON TO RETRUN, Coaeh Walter A. Johnson who is still in France, cxpeetsrto return to this country ear|y in the sum mer. He has already been engag ed by the college to take charge of athletics next fall'-and writes Dr. Douglas that he expects to get here by the first of September jo organ- ize-his foof-hall tea m. Mr. J oh n - son is a^splenditl athletic and. is very popular among the Students and throughout the city. The an nouncement of his return to the college comfcs as good news and as sures a strong foot-ball team next fall. “ State and local taxes except estate and inheritance taxes. The size of the loan was much smaller than had been anticipated by most flnanciaCobservers, who look ed for an issue of about $6,000,000,- 000, particularly in view of Secretary Glass’ past statements that the loan would be five or six billions. This will be the last liberty loan. Secretary Glass explained, although there will be other issues of govern ment securities to finance belated war expenses. These will not be floated by popular campaigns. None of the past issues of liberty bonds are convertible into victory loan notes, and there are no specific pro visions In the terms of the Victory is sue serving directly to maintain mar ket prices of past issues. In many ccMjmunities the selling campaign alreifiy has begun actively, without formal acceptance of sub scriptions, said reports today to the Treasury, although the official open ing date is April 21, one week from tomorrow. The drive will continue three weeks until M&y 10. “In fixing the terms of the issue.” said Secretary Glass’ announcement of the Victory loan, “the Treasury has teen guided largely by the desire to devise a security which will not only prbve attractive to the people of the country in the first instance but the terms of which should insure a good market for the notes after the cam paign is over iiud identical prices for the existing bonds of the liberty loan. “This will be the last 1 liberty loan. Although as the remaining war bills are presented further borrowing must be done, I anticipate that the require ments of the government in excess of the amount of taxes and other income can, in view of t^e decreasing scale of expenditure, be readily financed by the issue .of-Treasury-Leerlificates from time to time, as heretofore, which may be ultimately Refunded by the issue of notes or bonds without the aid of an other groat popular campaign such as has characterized the liberty loans. “I am sure that the people of Am erica will subscribe to this Victory- loan in the same spirit of patriotism which they have shown in the past to the end that the notes may be as wide ly distributed as possible, and that our banking institutions may be left free to supply the credit necessary for the purpose of industry and commerc * and the full employment of labor. Let the world see that the patriotism of America, out of their boundless re sources, end with the same enthusiasm •and devotion to country with which they proseeuted the war to a victorious ronclusion, are determined to finish the job.” Terms of the loan,,were explained as. follows: “The Victory liberty loan, which will be offered for popular subscrip- tion dn April 21, will take the form of four and three quaters per cent three-four year convertible gold notes of the United States, exempt from State and local taxes, except estate and inheritance taxes and from nor mal Federal income axes. The notes will be convertible, at the option of bolder throughout their life into three and three quarters per cent three-four year convertible gold notes of the United Spates, exempt from all Feder^ al. State and local taxes, except estate and inheritance taxes. In like man ner the three and three quarters per cent notes will toe convertible Into • four and three quarters per cent notes. * \ mmmmm