Lexington dispatch-news. [volume] (Lexington, S.C.) 1917-1919, October 29, 1919, SECOND SECTION 8 PAGES, Image 16
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MORE INTEREST;'
ON CONVERTED BONDS
:> , v*,
\ . **.
Severnment Will Receive Older Issue*
m Cxchenge for Newer Securities'
Yielding Higher R?te of V*'
Income. ^
Mere than $900,000 in increased interest
will be paid within the n$xt six
months to owners oC bonds of the
Second Liberty Loan and th* First
Liberty Loan Converted, if they present
their holdings at once for c^n^
version into 4 1-4 per cent bonds.'
V xj
This announcement, which of course
applies only to those bond holders
who have not converted their securities
already, has just been made by
the Federal Reserve Bank of Richmond.
Government statistics show
that there are outstanding in the
United States about $750,000,000 of
these bonds which have not been converted,
a block of no small size being
owned, it is believed, in this state.
Owners of bonds of the Second Liberty
Loan should have them converted
before November 15, 1919. Bonds
of the First Liberty Loan Converted
ought to be presented for conversion
before December 15, * 1919. These
securities will be received by local
banks in exchange for either coupon
.or jegistered 4 1-4 bonds. The new
rates of interest will begin on the
'dates given.
However, unless the bonds are presented
for conversion before Novem"
ber 15, and December 15. respective'ly.
the 4 1-4 per cen* rate of interest
'will not begin until May 15, 1920, in
the case of the Second Liberty Loan
fand not until June 15, 1920 on the
bonds of the First Liberty Loan C03'rerted.
In other words, by waiting
> until after November 15 and Decem'
1 C +V?? Vl r\lrT OTC r?f thi>
tfti icoyui/ll V ? , VUV UV?UV< kr WW VMW
^converted bonds, as indicated, would
flose sir months interest at one-fourth
I of one .per cent, which on all the unconverted
bonds outstanding of the |
^issues named would' amount to more
/than $900,000.
} Bonds of the First Liberty Loan
j originally paid 3 1-2 per cent. Bonds
of the Second Liberty Loan carried
| interest at the rate of 4 per cent.
Holders of> the First Liberty Loan
were therefore allowed to convert
! their 3 1-2 per cent bonds into 4 per
cent securities known as Fir3t Lib;
erty Loan Converted. A great many
j subscribers took advantage of this
< offer. Now those who did so and all
| holders of bonds of the Second Loan
may again increase their interest re'
turn by converting their holdings into
- 4 1-2 per cent bonds, this being the
interest rate of the Third and Fourth
Liberty Loans.
I QUAKER ACROSTIC
(Read both ways)
The man who saveth money
Hath his future guaranteed.
Remorse o'er substance wasted
Is unknown to him, indeed.
Fortune smileth on him.
? Things he hath, as he may need.
The man who spendeth wisely;
Hath no idle, wasted hour;
Ruleth cities?even nations?
| Interest for him doth flower.
For he learneth as he liveth
Thrift succeedeth?THRIFT IS
POWER.
I
t: mrnmmmmmmmmmm?mmmmmm~mmmm
\
Thrift is the surest and strongest
foundation of an empire; so sure, so
strong, so necessary, that no nation
can long exi3t that disregards it?
Lcrd Roseberrv.
1
It is true that many loans, money,
j and cups of sugar, are forgotten or
r^-lo Sam. however, gives us
4 a boa'J for our little loans?"lest we
j forget" he even pays iu-erest on it to
make H ivtorseiU.'g
>'? ' i
N(W;
BB^*
;
TEXT BOOKS WILL BE !
FURNISHED TEACHERS
. ; j
i
j
Two Courses Are Issued by Treasury!
Department and Will be 3?nt
Free Upon Request.
To further the teaching of thrift In
the schools the United States Treasury
'Apartment has issued two . xt:
books, copies of which-may be had byj
any teacher desiring them. One is
I designed for use in elementary
[Schools. It gives a suggested outline,
the purpose being to shape the h&bfts,
bind character of the school child in j
Fthe formative period of his life. The
Vecond book known as "Fifteen LesStois
in Thrift" is to be used in the
high schools and naturally is more
advanced in the treatment of the subject.^'
The-books are being handled in this
district by WiHiam R. Timmoni, director
d? the Educational Division of
the WarrlLoan Organisation, at Richmond,
Va. Mr. Timmons will be giad
to send cobies of the hooks free of
charge to al)v principals, teachers and
instructors wfro are interested in the
! subject. >
In both pamphlets the lessons are
(sufficiently flexible to permit the inI
traduction of such local material as
{has particular interest and value.
Thrift and the principle of_ saving
! are now being taught in hundreds of
! schools throughout the country, hav'
ing been incorporated i^ th^regular '
' work and assigned a place on the
(schedule ranking with other more important
subjects, it being pow recogjnized
that the study of thrift is be-j
j coming more and more necessary in
(order that the pupil may b^ better
(equipped for the problems o? life.
MORE THAN ONE WAY \
TO PRACTICE SAYINC
There am ways and ways of barring j
the door against the wolf. But until!
six m on tit s ago LMthi 01
Niagara Palls, N. Y., had never learn-i
d how to slip the bolt into place. Con-1
icted of a minor offense last January, J
ha was placed on probation, and or j
dered to take $12 a week to the pro j
bation officer.
Broderick protested, saying that it j
was impossible for him to pay m
much, but agreed to try when he real j
ized that a jail sentence was the al!
ternative. Each week since that tim? |
he has paid in his twelve dollars, and '
at the expiration of the six rnocthi j
term he was handed $230.50 worth oi j
(War Savings Stampa. the result of hii j
| saving.
When the justice entered his cour |
, room the next day he found on hit j
j desk a cigar wrapped in the foHowloi J
jnote signed by Broderick. "You're ij
; friend of mine. Good luck. Judge.' j
! Broderick is now under a voluntary j
!probation period of indefinite length!
! promising to bring m 110 a week t? |
' ~ o ? w(*i or a {nwocfmAnt
.COUUUUO Ui.3
WHAT BEN DID
I
! Ben Franklin w*s a tbrtftr man.
To this jou'll *11 agree;
! Instead of squandering what he got j
; He used frogaHty.
1 rri- UL veer ffll
; n 13 WCMOltl . i w m j ?-r.
year.
i He won fame and position,
' But not alone did he *ucceed
i In gaining his ambition.
I
iTo smooth the way, to help him on,
! There stood his saving wife.
And 'twas this partnership of thrift
Gave him a happy 1 if^
Some folks attribute wealth to lurk. |
'TIs fortune's known foundation? 1 .
! His luck to And a thrifty inat-e
] Was Ben's interpretation.
i
%
THE HIGH (X>ST OF LOAFING.
It is the hiah cost of ioafin? rather
tnan tne mgr. cost 01 nvm^ mm.
troubles America today, this in the
opinion expressed in a recent issued
of the "Corn Exchange.*' the monthly
magazine of the Corn Exchange Xational
Board of Philadelphia. The
paper says that the country is producing
less per hour, per man. than
before the war although the rate of
consumption is greater. This being
true, prices continue to advance and
further advances may be expected
until an economic balance is affected
between production and consumption.
The soiution of the problem as indicated
by President Wilson. Governor
jtlu 1.4 iiiif, u- c i.c x%.v<-w * ? v.
Board, and others. is to increase production
and reduce expenditures.
Investigation by a large manufacturing
plant of Philadelphia, says
'Corn Exchange," recently showed
that under identical circumstances
the production per man per hour was
one half more before the war although
wages have been doubled.
Another investigation which covered
several states and which was reported
in the same.' paper showed that while
the average wage per man increased
2 40 per. cent the production per man,
per hod::; had decreased 62 per cent.
'"Fhe man. who loafs on the job,"
says the paper above named, "no matter
what division of society he be- j
c l
longs to deliberately elects to surrender
his claim, to be an honest man.
for he is pretending to do something
that he knows he Is not doing. This
lowering of the moral standard of
the people o: the nation men- ;
aces the stability of the state."
The paper concludes: "Let us be !
honest with ourselves by recognising'
the high duty of working at maximum I
speed at whatever task circumstances
bring to us. The loafer is father of j
the liar, and the liar is father of the
traitor to all that we hold dear in
America. It is the worker who has
always won. the shirker who has;
always lost. :s:z us s:o;j mixing aooiu j
the high cos; or living. L-t us pat
a stop to the high cos: of loafing."
' ?
OXF. YEAR ALLOW El?.
i
Former* Soldier- Will Not Re Paid j
For Disability After That Time.
The Bureau of War Risk insurance j
wishes to emphasize the importance;
to service men of one ol' the provisions J
of the War Ptisk insurance Act upon
- f'-i
the fulfilling at Oi wi^ph may depend
the validity of their claim to com pen- j
sat ion under the Act.
The War Risk Insurance. Act provides
that "No Compensation shall he :
payable for <tenth or disability 'which i
docs not occur prior to or within one ;
year after discharge or resignation
!'om the service, except th<,i-t where.
*4
after medical examination made pursuant
to regulations, at the time of
discharge or resignation from the
service, or within such reasonable:
time hereafter, not exceeding one t
t
year, as mav he allowed by regula- j
"rions. a certificate has been obtained j
from the director to the effect that i
the injured pers-m at the time of his j
discharge or resignation was suffer- J
I
ihg from injury likely to result in !
death or d i;sabi! i t y.''
Many discharged m^n 'are not fa- |
nttliar with or are incline-to disre-i
sard this provision of law and are ai
lo;viRtr tlieir riglvts Hi ere under to j
lapse"., \
Retpjest for the certficate rncnttBri\
J
- j
* 4>
>: <? % 'Ajka
WTr\ V? o -i-?k o fvoch lot" of vounsr
T* C lit* t V ? it. vet* tv? v ? f-,
well broken Mules, all sizes,
suitable for any and all kinds
of work, farm or draft.
Come look them over and
take your choice. You will
find prices right.
We are at Meetze's stables
ETHEREDG, BROWN &
DORTCH,
NEW BROOKLAND, S. C.
nf THOT F
L/I v X V/
DENTIST,
1623 Main St.,Columbia, S.C.
Sect above should be made to the Chief
j Medical Advisor. bureau of War
Risk Insurance. Washington. D. C.
!
sOlTM ( AKOU.W RKS1*0.\ 1>S
TO CAM. or I.KNOIK :
i
' Hickorv, Oct. 1~..? Interest in the j
! t
; Ice campaign for endowment of i
! oOt'.oO for Lenoir College increases'
i and enthusiasm grows as reports come j
i I
i in to Campaign Headquarters. The j
! j
| North Carolina congregations are cer- j
tainly going- to do their part, and J
! handsomely. There is no fear i.ut j
! that thev will n?>t <-niv raise their ap- i
i
I portionments. but will do far better. '
i i
Encouraging news also comes from
the conference in South Carolina and!
i
i from the conference in Virginia. In <
i
addition to the good report made by J
i the Rev. <>. W. Aderholdt who recentI
1
i ly visited South Carolina, one of the !
| posters writes this morning that lie j
j can count on his congregations to j
raise their full apportionments. While i
i
South Carolina is further removed I
I
from the college, their loyalty is evi- ;
l i
dent and it is believed they will raise j
their full quota in this campaign.
From Virginia Mr. George wires j
that two congregations with whom*he j
had worked Sunday and Monday had4!
i completed their canvasses and had j
doubled their apportionments. Mr. j
George expects to remain in Virginia i
the greater part of the week. The j
Rev. O. W. Aderholdt is also doing!
wood work in Virginia. With the pre-!
pa rat ion that had already been made '
by Rev. M. L. Pence of Virginia, and j
'with the active assistance of Rev.!
; Pence throughout the Virginia ('on-1
ference, the campaign office grows in j
' its confidence that Virginia also will {
i
i go "Over the Top" by a. large percont!
age.
These reports front Virginia and
'South Carolina are most encouraging
for. being further removed front the
college, the enthusiasm could not have
been expected to be quite so great
among them, yet their loyalty and
generosity are apparent and campaign
workers expect great things from
them.
Over Knthusiastic.
Wifey?Henry, do you think me an
angel ?
Hubby?Why, certainly, my dear;
I'm very enthusiastic. 1 think all
women are angels!
"You needn't be so enthusiastic as
all that!"?London Answers.
mi' in 11 iwaaawa?BEMSM
I The Ne\*
S
This new Allen, which is
popular priced automobile in i
It's an aristocrat from hu
car at any price, on the basis
ing and silken-actioned withoi
a remarkable degree?quick a
when it comes to * 'laying righ
what you get in the new Allei
The arguments the car its
ingly, dare you to match this
against the most expensive ca
its competition?buy the Allei
Aif alarm clock obviously has
than a watch?proving that you
on mere side alone.
rl*li ic: now A i Inn H
signing-, passenger ease can he ohi
sorting to lengthy whcel-hase. for
?forty miles an iiour <>r undergreater
comfort.
You are ready to admit that dm
fill ear is less work?that it costs 1<
under present traffic conditions. i>
and far safer? particularly wh',r
daughter drives.
This new Allen will jump away,
heavier cars. In mud it will do he
ojurse. of its remarkable power in
! v' ^ * '
TheLe?
W. E. HUMPHRIES, Sales
MR. AM) >fKS. P. H. COOK
CAVK B.ARBKCl'K MO\l>AV. |
t'h
Mr. and Mrs. P. I!. Cook irave a de
lijrlitl'ul harhecue dinner ut their home
on the Wvse's Ferry Road on Monday
?1 1
Miss Jesj
nnnMnnHi
MILLI
Call and See Us 1
Exclusive Line i
1211 Taylor St..,
Are You Coming
If so get your t
condition
Only the Most Model
MY FRANK AND OPE)
Come to my office,
teeth without charge,
can be done, and tel]
Special Prices f<
Dr. Barnhi
tl? ronww
x lie vnv ?? ii auu
1615 Main Street,
Phone 2426J Over Lever
*
7
here for you to see and to drive, i
America.
b to hub, challenging any car to
of 4'comfort miles" per dollar, to
at resorting to lengthy wheel- bas<
s a cat on the throttle?a sensatio
it down" to a hard pull-on heavy
ri at $1295.
>elf presents in actual road test ai
car, not merely against other can
irs you know, If, at the end of tl
i. Could any suggestion be more
more wheel-base weight: and parti;)
cannot base value sink as deep from
Let your own e
nit. l>> brain> tie- perience be the jt
tained without re- Vrnlict. Vou Uonat
sensible speeds smoothly over bu
no car rides with som> pou.er_uml
If vou are seel
,'ins;- a quick, playqualitv
tive-parser
,*ss to operate and,
we believe.
* easier to control
i yoiir wife or This is no plae
you to do is to t
on a spurt, from new Allen. And c
,1ter?partially be- ?<> drive it YOTR*
proportion to its >oi| want than wo
> Manager Expert Auto Repairing
in honor of their son. Mr. Robert
Cook, whose marriage to Miss Clara
i.0dnu Shealy of Ballentine. took place
on Sunday. The bountiful repast was
served on a long table beneath the
tall oaks, and was enjoyed to the fullest
by the half hundred invited guests.
sie Smith
NERY
While at the Fair
of Fine Millinery
Columbia, S. C.
to the State Fair?
eeth put in good
while here
"V
rn Methods Employed
N METHODS APPEAL.
I will examine your
'show you just what
[ you what it will cost,
or next 15 Days.
11, Dentist.
BRIDGE Specialist ^
Columbia, S. C.
's Shoe Store.
<IJb
' j
is.in our opinion the greatest
'1... :
outlook it?challenging any
outperform it?smooth rids?sturdy
and dependable to I
nal liill climber and a wonder
roads?in a sentence, this is
r.
*e unanswerable. We, smil3
selling around its price, but
hie t.e^t, Allen has outpointed
faiH'
. - - * <
illy tlwto the fact that it does not
its own heft.
i O* \
yes and your own automobile exiry.
$V'e will gladly abide by the
t have to be told when a car rides
nips, when, it shows great re- 1
you know when a car looks good.
cing Commodious and strictly
iger Car?you will want this Allen.
e to gf^into details. All we ask
rike a ride?just one ride?in this
me tinal suggestion: We want you
Vou know more about whfct
i do. a?*+lt>w. '
r:J
\
nS w iSS gM WB Sa
LEXINGTON, S. C. If
i ii
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