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TODAY'S ECONOMIC SITUATION. The following statement was given out last evening by Roger W. Babson at the Medford Hillside Broadcasting Station regarding. "There is a way really to help busi ness during this period of readjust ment! The reason that the various campaigns to cheer up business have failed is because, in the early part of a period of depression, business needs something more than cheering up. These periods of hard times are not merely a state of mind. They are the result of excesses, the same as a spell of sickness. They can be cured only by first removing the causes. So called "sunshine" and "boosting' campaigns are as futile as trying to cure a patient with stimulants when hat he needs is a dose of physic! "The present depression in business was not an accident. If you were watching fundamental conditions dur Ing 1919 or 1920, you knew full well that a depression would result. More over, you knew approximately how serious the depression would have to be. "If some one starts borrowing money at the bank, neither we nor any one else can tell how much he will borrow. When, however, he has gone the limit, it is a simple matter of arithmetic to figure how much he will have to pay back. Just so with a country's business. In the period of expansion we were borrowing and the inflation of all business statistics shows approximately how much we borrowed. Now we are paying back and the extent of the depression shows that so far we have not quite paid back half of the total. The whole sum must be paid back before we can hope for a period of, full prosperity. "We can, however, reduce the waste of this readjustment period. We can have very much better times than we have now. We can do this if we in crease the production of every per. son. I do not refer to mass product ion. It would help nothing to double your output by doubling your labor force. This simply runs up expense, pushes up prices and crea-es nore goods than you caa se.'. If however, you can double your ownr individun] output and the outpvt of each of your employees, the read .istment problem for your particular plant will be solved. "Get this fact clearly i: mind. There is no such thing as a general oversupply of goods. All -if the pres ent talk about overproduction i: fail acy. Both here and abroad there are millions now in great need of goods There never will be a general over supply of goods until eve-yone has more than he can use Drofitably. "What we do see is a larger supply of goods than the consumers can buy first, because the price is too high. ~second, because the consumer him self has not produced enough to earn the right to buy your goods. The second cause you yourself can do very little to remedy, except as you can influence he people with whoM: you come in contact. The first cause, however, namely the price of v-mr goods - you alone can change. If you: can produce and sell our product ai little cheaper than others arm doing you have no trouble in fin lngr a mar ket. I can point to certain c.onceins today which are working az ca'pacity to fill orders, while others in the same industry are suffering depression. Remember, high prices do not make prosperity; it is the amount of ser vice rendered which 'enkes pro.sper ity! The most hopeful signl todiy is 4hat an increasing number of busi ness men are beginning to realize the abo've fact! This is fundamental improvement. Already it is being reflected in increased confidence and a more stable tone in general busi ness conditions. The outlook for business in nearly every line is better. We are now laying the foundation upon which a eriod of prosperity later will A QUERY WHICH SEEMS TO BE OF INTEREST TO AGREAT MANYV Resolved: That The Hen Was In Existence Before The Egg. In presenting an argument for the affirmative of this query, to wit: I shall h-endeavor to do so quite clear ly and logically. It is not my h-inten tion to egg-zaggem- any statements or facts, but to introduce ideas so egg-zact as to convince the most skep tical or eggnostic of judges and to bring about the downfall of the most egg-otistic of my opponents. AndI believe that it will not take a great kamount of h-energy to do so. Hence. The very absurdity of the idea that an egg could eggzist before the hen. appears to be parallel to an argument Sbetween two old darkies as to whether the world is round or square. The more enlightened one statedl that the world is round, and is suspended ir space by gravity and balanced by its whirlingt motion. The other contend edi it was square."cause de Good Boo]k sword in his hand." So the educated one asked, "If the world is square, what does it rest on-what holds it up?" "It res' on a rock." What that rock rest on ?" "It res' on an other rock." "What that rock rest on? "Rest on another rock." "And what that one rest on?" In exasper ation the other one exclaimed, "Look here, nigzger you aint doin' a dam thing but trying to bust up this con versation." So, without any malicious intention of confusing my worthy opponents I ask with all sincerety, if an egg could possibly have existed before the her, who laid it? Another point to be considered is that of what we might call reason ing. When a hen lays an egg she re niembers exactly where it is, and no matter how cleverly it may be con cealed, she returns to the identical spot to lay another. Now, if the egg existed before the hen, how in the world could the eggs have gotten to gether to be hatched, and who hatch ed them and taught the young chick ens, which of all vegetable and animal life was edible. So the hen surely must have come first, because she lays -the egg where she wants to, hatches it out or not as she choooses, and feeds and protects the young chickens. All have heard of the greedy cot ton planter whose ambition was to raise more cotton to buy more land to raise more cotton to buy more land, Can you imagine a poultryman's de sire to buy more eggs to raise more hens, etc? , No, the reasonable se quence is to raise more hens to la more eggs to raise more hens to lay more eggs. It was established as to which was the antecedent-the hen or the egg even as far back as the flood. When the Lord determined to destroy all living kind by water, he instructed Noah to take into the ark two of each kind of creature. He did not tell him to take a couple of eggs, when Noah could have stored away a dozen eggs much more easily than two chickens. Now the reason for that is that eggs cannot reproduce eggs in the whole history of creation. Further, he was told to take male and female. Now if eggs pre-existed the hen or could reproduce eggs, how in the world could Noah tell if the two eggs contained hens or roosters, or both. Therefore, the Creator of all recognized that the hen came first. Now, no matter which came first, one is the creature and the other the creator. Let us try to determine which in another way. I contend that the hen is the creator of the egg; in the same was as a small boy's deduc tion about cows and milk-"that black cows give white milk, but white cows don't give black milk." It is a recognized fact that all hens lay eggs but all eggs do not hatch out hens. On account of this fact, that all hens lay eggs, we must conclude that the hen is the prime creator, and there fore (lid actuall,y exist before the egg. Also, the theory is advanced that everything in nature is createdl for some purpose. Now, if this is so, and the egg (lid exist before the hen, for what possible reason are roosters. They would be of about the same benefit in an overcrowded world as a ham advertisement in The Ladies Home Journal to ae hungry hobo, and their benefit would be in about the same proportion as the consolation afforded a love-sick swain by the ad vertisement of "the skin you love to touch." In conclusion, let us go to the chickens themselves for a confirmation of the affirmative. When a hen lays an egg, the first thing she does is to announce to the world her triumph as a creator. She knows that she ex isted before the egg. But does an egg advertise its creative ability ? Not a sound does it offer. But, lis ten to this, what is the first thing a chick says when hatched ? He points in derision to the advocates of the egg-before-the-hen idea and cries "cheep, cheapy!" And consider the rooster, the lord of the barnyard, a sultan in his harem, the imortalized chanticleer of mythology, poetry and drama. His midnight query, his ma tutinal challenge, and his oft repeated question during the day, seems to say concerning this Cook-and-Peary, or who got there first question: "Are you s-u-r-e ? And his negihbor, de 'fending the birth rights of his prog eny, answers in tones of unmistaka ble authority, "Y-e-s I'm s-u-r-e." Therefore, in view of and after con sidering the foregoing arguments, I fell that the judges will concur in the opinion and conviction that "The 1Hen Existed Before the Egg." And as a suggestion, in order that this mooted question may be forever si lenced, may their decision be put in this form: "As it was in the begin ning, is now, and ever shall be, world without end, A-hen! BABSON PREDICTS FREIGHT CAR SHORTAGE. Wellesle y Hills, Mass. July 15, 1922. During the past week Rohger WV Bab son has been in New York in consul -tation with~ important railway inter a freight car shortage is inevitable this fall, and everything possible should be done to prevent it. Con cerning the safie Mr. Babson states as follows. "There are various events which indicate a serious congestion of freight this fall. First there is a real shortage of equipment in good condition. Thru-out the war the equipment of most railroads was al lowed to run down. Little was done to repair this equipment until this year. During the past few months railroads have been endeavoring to do five years repairework in one. As a result . reat many freight cars are either in the process of being re paia ?d or are waiting to be repaired. In either case they are out of service. It is true that many of these cars will be back in service by winter but they will not be available by fall. This means that there are fewer cars available today to haul freight than are usually available. "Usually the railroads haul their coal during the spring and summer. The winter supply is usually deliver ed by the railroads during the summer months. Thus far this year very little coal has been hauled. Only immediate needs have been taken care of. Yet only two more months re main before people will be starting their furnace fires. On the assumpt ion that the miners will soon be back to work this means that the railroad will be deluged with coal during the remainder of the year. Every avail able car capable of hauling coal will be pressed into service and the coal tonnage should be very, very heavy. "The outlook today is for good crops this fall. At prevailing prices the farmers will want to sell their grain and move it at once. This means that the railways will be call ed upon to move a tremendous amount of grain while they are attempting to'move the coal. There are factors which lead one to believe that manu facturing as a whole will be more active this fall than it has been at any time this year. Fundamental statistice indicate.that the low point in business will be reached this sum mer. Thus the railroads will be tax ed by hauling raw materials in gener al and manufactured products of all sorts." Mr. Babson was then asked what effect such a congestion would have upon commodity prices and securities. To this he replied as follows: "Freight car congestion inevitably leads to higher prices. This is only natural as prices are determined, not by costs, but by supply and demand. If a city naturally uses 30 car loads of potatoes a day, any day that there is a shortage of only two or three cars, the price of all the potatoes in that city goes up. Another day when there is a surplus of only two cars, the price of all the potatoes goes down. 'Price is not determined by the total quanity of a product produced or consumed, but rather by that small percentage of surplus or short age. A freight congestion this fall would inevitably lead to a shortage in certain raw materials and mer charn'se in some localities. As a re sut these commodities will temporar ily strengthen in price at these points. Such a result is inevitable. "Strengthening commodtiy prices are often altho not always preceeded by strengthening security prices. The stock market usually discounts rises in the commodity market. Thus a congestion of freight might mean both advancing commodity and sec urity prices. Furthermore, in the case of a freight congestion the railways should temporarily, at least, show very handsome earnings.. Alread the railways are showing very good earnings owing to the high rates and reduced operating expenses. not-with standing the fact that they are haul ing very little freight. If the time comes when the railroads will carry 100 per cent capacity, these earnings should be very large. Large railroad earnings should tend for higher prices for railroad securities. A word to the wise is sufficient." General business according to the index figure of the Babsonchart stands at 17 per cent below normal the same as last week. University of South Carolina ENTAN CE EXAMIN AThON S Entrance examinations to the Uni versity of South Carolina will be held by the County Superintendent of Ed ucation at the County Court House Friday, July 14, 1922, at 9 a. m. FThe University offers varied cours es of study in science, literature, his tory, law and business. The expenses are moderate andl many opportunities for self-support are afforded. Schol arships are available. For full particulars wr 'KSlVEM\ W. S. CURKELL Univrsity of South Carolina Columbia, S. C. FOR SA LE-l sheet steel bath tub Winthrop College SCHO RSHIP AND ENTRANCE EXAMINATION. The examination for the award of vacant scholarships in Winthrop Col lege and for admissibn of new stud ents will be held at the Couty Court House -on Friday, July 7, at 9 a. m. Applicants must not be less than six teen years of age. When scholarships are vacant after July 1 they will be awarded to those making the highest average at this examination, provid ed they meet the conditions govern ing the' award. Applicants for schol arships should write to President Johnson before the examination for scholarship examination blanks. Scholarships are worth $100 and free tuition. The next session will open September 20th, L122.4 For fur ther information and catal-gue, ad dress Pres. D. B. Johnson, Rock Hill, S. C. Indigestion I Many persons, otherwise vigorous and healthy, are U bothered occasionally with Indigestion. The effects of a disordered stomach on the system are dangerous, and prompt treatment of indiges - tion is important. "The only - medicine I have needed has been something to aid diges tion and clean the liver," - * writes Mr. Fred Ashby, a McKinney, Texas, farmer. "My medicine is i .Thedford's BLACK-ORAUGHT for Indigestion and stomach trouble of any kind. - I have ' never found anything that * . touches the spot, like Black Draught. I take it in broken doses after meals. For a long time I tried pills, which grip- . ed and didn't give the good results. Black-Draught liver medicine is easy to take, easy - to keep, inexpensive." Get a package from your druggist today-Ask for and * Insist upon Thedford'S-the ' - only genuine. 0 .Get it today. an .annan FRETFUL BABIES Cheer- Up Instantly When Dr. Thornton 's Easy Tee th er Removes Canse of Pain. Mother! When the child becomes cross and peevish with feverishness. sour stomaeh, coated tongue. bowel trouble, cold or colic give a course of the old reliable Dr. Thornton's Easy Teether and note the quick improve ment Dr. Thornton's Easy Teether is a harmless' qweet powder composed of antiseptics. digestants and granu lar stimulants contains no opiates or harmful drugs~ Rabies like it and 'ake it more freeiu than sticky syrups -r liquid medicines. Hundred.x of unsolicited testimonials eleie durinu the past fifteen yeare ~romu doctors. drugi' mid apprecia -.ive nmo'ders nrn it:. efficiency bc vond qu.'tio" nf dloubt If it fails to help your el ..oor mn-v back with. 'ut '1u'st-on Twelve. oowde.rs in a ,aekazet "mili- Nil directions. '2~, at SALESMAN WANTED. We pay $36.00 weekly full time, 75c an hour spare time selling hosiery guaranteed wear four months or re placed free. 36 styles. Free samples to workers. Salary or 30 per cent commission. Good hosiery is an ab solute necessity, you can sell it eas ily. Exeperience unnecessary Eagle Knitting Mills, Darby, Pa. 10-19 CHAMBERLAINS FOR THE RELtEF OF Pain in the Stomach and Bowels. Intestinal Cramp CoLic, DIARRHGEA - SOLD EVERYWHERE - R Right, If We Write It! GOOD INSURANCE OF ALL KINDS Winnsboro Ins. & Realty Co. E LUSON and MARR XCELLENT SERVICE HANAHAN'S GARAGE. BATTERY REPAIRS AND CHARGING VULCANIZING AND GENERAL AUTO REPAIRING H. W. HANAHAN IRON - SHAFTING - PIPE - ROOFING Just received carload of Bar Iron Just received carload of Shafting Just received carload of Black and Galvanized Pipe Have enroute carload of Galvanized Roofing Have full stock of Belting, Packing, Pulleys, Valves, Fittings and Machinery Tools and Supplies. COLUMBIA SUPPLY COMPANY 823 West Gervais Street Columbia, S. C. Columbia Lumber Manufacturing Company Manufacturers of Sash, Doors and Blinds, Interior Finish, Pine, Cy press and Oak, Flooring Ceiling, Weatherboard ing, Moulding, Door and Window Frames. Columbia South Carolina IOne quaiity only the standard for all Goodrich Tires -:e or price cannot modify the one quality Goodrich standard. You can buy any Goodrich Tire, Silvertown Cord or~ the popular 30 x 3%, clincher fabric, andL know beyond a doubt that you are getting the same quality always. It is this quality which has made Goodrich Tires unsur passed for dependability and durability in sevice, mileage and value. This principle has put the real meani.ng in the widely known Goodrich slogan of "best in :he 'ong run." SLook for this Goodrich Tire sign over your tire dealer's store. It means satis faction in every transaction. THE B. F. GOODRICH RUBBER COMPANY Akron, Ohio] FABRICS TUBES SILVERTOWN CORDS * ACCESSORIES A dvertise for Future Results