The Lancaster news. (Lancaster, S.C.) 1905-current, October 07, 1913, Page 6, Image 6
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Debtors aiid Creditors. ! )*
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Houston Post. J
In bis speech on the banking and V
currency bill. Chairman Glass of the y
committee on banking and currency ^
said: "I suspect there are some folk f I ^
who are Incapable of accurately de- l
scribing the real creditor class, when ^ H '
it comes to the banking business. m
That is quite true. There are dema- i<?|
gogues who strive to make it appear JJLI
that the farmers and laborers are the t |
real creditor class, and that the banks ^ 1
own the money of the country. I .IJ
There are probably 11,000,000 f |
Bavings bank depositors in the Uni- Vl "
ted States and the banks owe them ^>J
the remarkable sum of $4,500,000,- TJ
000. There are with other banks and Vi
trust companies 6,000,000 depositors +%| I
to whom these banks owe more than jl
$10,000,000,000. There are millions VI
of life insurance policyholders who
are paying annually about $750,000,- XJ
000 in premiums and this sum be- Vl
longs to the policyholders. The a! JL
$4,000,000,000 of life Insurance as- 1TI
sots are owned by these millions of Vl
policyholders. 1
The debtor class Includes banks, $j m
merchants, manufacturers, importers, VI I
Jobbers, railroads, life and Are iusur- l %!
ance companies and these owe multl- j IJ
plied millions more than the farmers . ?e|
and laborers of the country owe.
There are farmers who are in debt, ^1
of course, and laborers, too, but the 1^1
average debtor is the creditor of some
other debtor, and the average creditor
is in debt to somebody else, so j
vrhen you sift the matter down, the
talk the politicians indulge in about
the debtor class and the creditor yj _____
class is rank nonsense. Vl
In the matter of money, there is
an identity of interest that includes YI
all classes of business and industry. Vl
It is absolutely essential that the ^1
money in circulation shall be of the XJ
best, that it shall be in ample supply : Vl
to effect the exchange of the world, i +%|
that the system shall be safe and Xj
that it shall be available at reason- Vl
able rates to those who are entitled e%|
tn Jt I I
AJI
There have always been men to ad- Y1
vocate in Inflated currency, which is
but another name for a depreciated X
currency, for the purpose of aiding | j
the debtors, but they forget that the V
debtor who might he permitted to
discharge an honest obligation in de- X
predated currency would have to accept
the same kind of money for his
labor and the products of his labor, J
and in the end he would be the loser. V
As the average debtor is likely to be 4%
more of a creditor than he is a deb- $
tor, he would be the principal suf- 4<?4
ferer. A
It is impossible to legislate benefits X
for a man as a debtor without legis- V
lating injury for him as a creditor. A
The only safe plan is to legislate X
wisely for all people, refraining from
a bestowal of special privileges, hav- j ?*
lng in view only equal and exact X
justice. In that way the country and
all its activities prosper and all the ??
factors of its life enjoy in an honest X
measure the fruits of their labor.
In determining policies of universal
application, there is need for ! X
common sense and justice and no :
need whatever for demagogy. There j
is much inequality and injustice in X
t-he world and thp wav to Hpht mat- I
ters is to substitute for these justice
and eqhality, not to t>o deeper into ^
class discrimination. ^
The more common sense and common
justice that are put into the currency
bill the better it will be for all
the people. y
A
Not an Agnostic Now. J
Orangeburg Times and Democrat. V
How many of our readers remem- *?
ber that William Watson wrote a re
ply ia verse to Rudvard Kipling's
"Recessional," and published it? i *?
asks The Hartford Courant. The
Courant goes on to say that it was t
longer than the Kipling hymn, and of ???
a bleak agnosticism. It made the J.
"Lord God of Hosts" a wholly imagi
narv being; a "gloomy people"?the
Hebrews?thought they knew Him,
but they were self-deceived. As for
the believers of the present day, they
were told by William Watson that ^
"History laughs and weeps them t
down."
August 2, this year, was William
Watson's fifty-fifth birthday. John J
Milton was not half that age when y
he wrote a birthday sonnet that will
last as long as the English language
lasts. William Watson has written V
a birthday sonnet, the The Indepen- A
dent has published It. "For three J
things give I thanks this August V
morn." he says. The first Is his wife,
the second Is his daughter, the third 1
Is his recovery from agnosticism. V
Here's the end of the birthday son- 4$?
net: , .
Deep thanks, that I have now at j
last regained ^
That faith in God which I did lose so
long; t
The God who oft-times with bewtldering
gloom &
Muffled His beams; who darksomely J
sustained +?
And guided when I knew not and ^
from whom I Jl
1 had at birth the heavenly dower of
song."
The Courant says one would like
to know whether any letters have <r
passed between Watson and the au- ?8l
thor of the "Recessional" since this JL
conversion occurred. It would also
he Interesting to know Inst hnw snH
when Watson was brought to "light." . IJt
What made him change his views, 11
and what made him see the truth so 1+^
late in life? He ought to tell us, as 1^
it would not only he very interesting, I jr
but might lead many others from the
darkness of death to the light of life JL
eternal. *
A Gentle and Effective Laxative. A
A mild, gentle and effective laxa- J ?
tlve Is what people demand when ^
suiforlng from constipation. Thou-i &
sands swear by Dr. King's New Life I 1
Pills. Hugh Tallman, of San An- j
tonlo, Tex., wrltea: "They are, he-1 J
yond question, the best pills my wife | t
and 1 have ever taken." They never ;
cause pain. Price 26c, at druggists, A
or by mall. H. E. Bucklen ft Co., I?
Philadelphia or St. Loula.
V fl
THE LANCASTER NEWS, OCT'
JEW Fi
\
i the Season's B
atterns Are Now
ounters in G-reai
For Yo
'4 ?/
COAT SUITS
We are showing a strong line of Coat Suits this s
the newest and best styles and in the choices
ials and shades. We would be glad to have
these over before buying, as we feel it would 1
mutual benefit. Prices range from.. . .$10.00
COATS
Ladies', Misses and Children's Coats in a big v
styles and materials in the new ebects. The
were bought wTith due consideration of the v
tures as well as style, so you may feel ass
prices are low.
SHOES?LADIES' SHOES
"Queen Quality," "Doris," and "Roxbury" S
unquestionably dependable, both as to style ai
tv. ?n nr\/l Vvat*^ olinrvna
i ii au icaiiicio aiiu ucot at
$2.00, $2.50, $3.00, $3.50 I
INFANTS' SHOES
Splendid Soft Sole Button Shoes in black, white
tan, sizes 0 to 4, at only
CHILDREN'S SHOES
We are sole agents in this locality for the famoi
and Jill" Scuffer Shoes. These excellent lit-1
not only look up-to-date, but are wide, comfon
serviceable. If you haven't already been bu
make for the little girl or boy, try a pair this i
BABY SHOES
Excellent little Shoes for the walking baby, v
without raised heels, in black, tan, red and
tion colors. Every pair a splendid value, sizi
Prices 50c, 60c, 7&
BOSTONIANS FAMOUS SHOES FOE I
In every line of manufacture the relative mei
product is determined by an established sta
quality and value. Bostonians have been fa
over a third of a century as representing
values in all the essentials of fine footwear. C
of styles and sizes insures to you satisfacti
perfect fit.
WASH GOODS?GINGHAMS
Big lot Dress Ginghams, in pretty new pattei
anli/la fn ma f r>Vi of
UWilUO l/V AXiU KV/l*j uv*
GALATEA
Pretty Galatea, in excellent quality, at
12%c and
ANCASTER IK
DBER 7, 1913.
All I
HULL 1
- - .T \ n'v, i
?????
lost Attract!
r Here on Ou
t Quantities
. f /<
>ur Inspe<
DE
season in D. S. Cloth is a nc
\t mater- teed fast colors <
you look yard only
be to our
to $25.00
Pretty Percales in
ariety of ___________
ise Coats
alue feaured
the One case 28-inch
checks and pla
dresses and bo^i
hoes are
ad value.
Costume Velvets a]
md $4.00
, red and Beautiful new" D
Ohn ?Q1I*
^ Buckles, All-Ov(
lis "Jack
tie Shoes N(;w Fall line Lad
table and ^ sizes, ass
ying this prices.
3eason.
Men's and Boys'
rith and* are here in the e
. . .1 1 - T
combina- at tow prices, i
es 1 to 5. . in Men's and ]
5 and 85c % wear, fehirts, et<
iqsn
it of the We have this seas<
.ndard of to the selection
mous for dren's Hats, en<
standard style combines 1
)ur range tractive to the
on and a of these facts a
very moderate i
mistake in buyi:
rns with Trading Stan
. 10c yard means a saving tc
cards to be punch
you to an excel!
FREE when you
forty-eight cents
15c yard j Your patronage s<
IERCANTILI
*V? jj
\i iWa^gifci ? jj. '%v . - .J* V- :? -*y Ja
GOOE
I
ye Styles ;
it SViaIvps !
ction
c, 'Ji! ! ')
VONSHIRE CLOTH
w one. It *8 wide and strong, gu
and is in neat stripped patterns
PERCALES
light and dark shades, at
10c and 12%c the
CHEVIOT
Vermont Cheviot, in neat st
ids, is excellent material bott
s' blouses and shirts. The yard
VELVETS
nd Corduroys, in the wanted shad
60c, 90c and $1.50 the
BESS TRIMMINGS
ress Trimmings in Bands, Tt
ers, etc.
RAIN COATS
ies' Children's and Men's Rain <
sorted colors, full length and at
CLOTHING
Clothing, Suits, Pants and Ove:
leason's newest styles and weavt
Tou will find us very strong this s
Boy8' Hats, Caps, Underwear,
5#
MILLINERY
on, as in the past, given close att
of our fall stock of Ladies' and
lAavnrincr t.n hnv tVmsn rrnrvrla in
0
with conservatism in making th<
eye, and desirable for wear. Ir
nd assuring you that our price
indeed, we feel sure you will m?
ng your hats of us.
aps given on cash purchases
> you of 4 per cent on spent moi
ed with cash purchases which e:
ent $3.50 Aluminum Meat B
have traded forty dollars an<
for packing and shipping ch
elicited.
i COMPJ!
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Y
X
aran- V V
The % ?
90n 1
yard *!*
4
f
T
ripes, &
i for
[ only
10c V
les, at X
i yard X
? ?
T
v
issels,
J
Y
? 4
T
V
Ooats, V
low *t
2
2
t
2 *
1
rcoats f
is and ?
jeason $?
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XV tiCK- ?*?
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ention ??
I Chil
which Y
2m at- ?
i view A
s are ?|?
ike no V
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which
ney or A
ntitles A
oaster Y
i paid y
arges. V
$
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