University of South Carolina Libraries
' 1 68TH YEAR. NO. 74. ' PRESIDENT WILSOI in at virvivvn nrvii id Ai wnut, nuu * Long 'Absent Chief Execu Returned Tuesday Night to Washington. WAS AWAY FOUR MON1 Several Thousand Persons Gi Party at Station as Train fi New York Arrives Beai the President. Washington, July 10.?Preai Wilson returned to Washlnstoi midnight Tuesday after an abs of four months at Paris peace ference. He was accompanied Mrs. Wilson, Miss Margaret WI and by Vice Preshlent Marshall most of the members of his cab who greeted him on his arrlva New York. The presidential party was g ed at the sthtlon by a crowd of Cltll lliuundiiun nwiin n iiu waited for several hours. I brief welcoming ceremonies, president and Mrs. Wilson drov< rectly to the White House. Welcoming the chief execi were representatives of the Partisan League of Nations, the Camp Community ' Service and Central Labor Union and comm of Washington citizens headed Commissioner BrownTow, who tended greetings on behalf of city. As the president and Mrs. W left the train shed they walked neath a bower of flowers and ps on to a waiting automobile bet1 long lines of girls representing aids while the marine band pli Plans to strew roses in front ol presidential party at the sti were disapproved by the police. At tho rttv nn<!tnrflrB nrifnl the union station, a tableaux ol lumbia welcoming the president illuminated by searchlights. A tallon of yeowomen in white forms also were present to i their commander in chief. Washington, July 10.?Presl Wilson returning to Wasliingtoi ter an absence of four month the Paris peace conference, to throng of many thousand Was! ton citizens who greeted him a( union station, that he came 1 "confident that the people of United States were for the leagi nations." The welcome he rec? here, He said, was partlcu pleasing because it was "immei assurance" of his feeling. Despite the late hour of ar due to delay in docking the p dential transport George Wasl ton at New York, a crowd esti ed by Mayor Pullman, chief of lice and other officials at lfift was at the station. It included trict of Columbia officials, men of congress and representative the army and navy. Immedii after the welcoming ci remo President and Mrs. Wilson wer the White House \ As they pr down Pennsylvania Avenue were welcomed by thousands ai laj-ge crowd greeted thom in froi the White House. Responding to an address of come from J. H. Ralston, head o district citizens' committee, president said: "This very beautiful reception taken mo entirely by surprise, a very gratifying surprise and makes me very grateful to you The very generous words in w you have greeted me are espec gratifying to me. "I came home confident that people of the United States were the league of nations, but to re< j this immediate assurance of )1 particularly pleasing to me. makes my home coming Just much the more delightful. I never been quite so eager to ^ home as I was this time, and e> thing I have seen since I slg t land until now has made me f der and gladder that I am home country can possibly look so goo this country had looked to me 1 am sure that I am expressing sentiments of Mrs. Wilson and o who are with me in saying that : gracious reception has made home-coming all the more plea able." - ' ' " ' fHE LAR SEMI-WEEKLY. LAN( A J NOT TREASURY'S DUTY TFRNTC ft1 * TO HELP SPECULATORS U1 SE ASSIIRF( Nop Docs Federal Rcwrre Hoard llUUUllLl Feel Inclined to Furnish Them ? tive cheap Money. Taussig Expla America Ui Washington, July 10.?Interstate of thi rates charged on call money loaned to carry speculative stocks can have ?HS no permanent effect upon rates for PARU( H 1S?" governmental or commercial and in- ? dustrial purposes, the federal reserve . . _ reet 50ar(j declared in a statement Issued inancid XP< roirt tonight through Governor Harding. trial Phases . Referring to the movement of the call for JJenefit rates, which have been as high as 2 0 . per cent, recently, the statement said United Stat they were "erratic," but that the ? . arbitrary measures taken during the XT ? . dent . , * New York. . war to repress speculation could not ..... . . i at . . . . Wilson on his i be perpetuated in peace times. . . , , ence . .. . . States brought The statement said that recent re- . con- , , . . , ran draft of the fusal of banks to take full advantage . . by . ?. and several pro of treasury department offers to re- A . Ison, . ' . , , . .. . , present to tho * deem certificates of indebtedness in ? and w . . ..w i . . German treaty advance showed that "banking insti- ... ^ inet. . . . . ... pages with Fren tutions of the country preferred to .. . .. IA il at , , . . , ' ; , side by side. It keep their funds invested in treasury ..o . . . . a a a a < ? pects from the certificates bearing Interest at 4 1-2 . . . , . reet- aw a i * ? treaty which w per cent, rather than take advantage ? sev- , . ., . . . i ,i . United States. of much higher rates on stock collat- ? ,, had , .. follows the orig eral. Vfter .... , , .. , a. < ,i . T,ie president ' It is not the function of the treas- , , the # .. ? , . , , the treaty by wli urv nor of the Federal reserve banks e di- . , , . ... .. , promises to assis or the hanking institutions of the , , , ... .. tacked bv Geri country to provide cheap money for . iitive a . a present with tin speculative purposes, the statement Non- . ,.T,w 1 1 a. 1 .1 . sage Which he \ continued. The board feels that the War ? , a. . r n Tho message w reflex action of tlie rates for cail month? aw a . al II WTOtO Oil the ey on the government s financial proittee , .w i . ? contains about S gram and the requirements of com- . . , . . I hv , , , . .1 i mainly with the J morce and industry has greatly deex , .... a i a ? of the war and i creased, and will continue to decrease as it becomes better and better un- * ouncl derstood that the true functions of The presiden ilson banking institutions of the conn- rope Decernbei 1 lie" try and the federal reserve system, months ago. wai issed lic(ing jn (h^ir aid, is. subject to the George Washini ween temporary requirements of the gov- economic and fli ^er" eminent, to finance commerce and in- eluding Bernart iyed. dustry. To have definitely estab- Cormick. Normi ' the llshod the fact that there is no neces- Lament and F ation sary connection between rates for Harvard. The speculative purposes and for connner- council at Parli lninB clal transactions is in itself an im- its activities, i portant development. IfoOver will ren was nal decision is ba!" DRIVE IN ALABAMA ran members f unl" . ? . should dissolve sreet AGAINST SUHRAI.E French member I . , . of its work. Resolutions Introduced in General The returnini I dent Assembly Providing for Refus- po,ts bring muc i of- ?l Ratify Amendment. mation showing s of degenerated id a Montgomery, Ala., July 10.?On of the peafe ti ling- the convening of the Alabama legis- the German tr i the lature hero a Joint resolution was States memorar lome introduced In the house providing for Tasslg savs cot the refusal to ratify the woman suffrage ties and navigat le or amendment to the federal constltu- "The United *?ved tion. Opponents to suffrage by fed- advantape an'(1 tarty era| amendment asserted that aufll- tapos We diate eient votes 'were pledged in both n , next five vears houses to reject the amendment. (jon treatment , rival Efforts were made in the house to iresl- take immediate action on a resolu"Wo hocoiiK' tilng- tion to endorse the peace treaty and mat- the league of nations, but opposition ed?al tie, ' po- developed to taking it up at once. 'n* ?' ^*erman s ,000, Governor Kilby addressed a joint OUI" 'fn Dis- session of the two houses, speaking ^ treaty wi ibers more tlian an hour, during which lie 'or a Porn" s of discussed conditions in the state and ta^e effect whet ately recommended legislation affecting ed ls ovor-" nies, ucation, public health, changes in One of the si it to the form of handling the state's con- Mr Haruch's rq issed victs, taxation, finance and revenue, man treaty afl they In the latter instance the governor United States in nd a suggested na a revenue producer a erty rights, sue! nt of state Income tax and a tonnage tax marks \meri on coal and iron mined in the state. vented during I wei. ? ing their invei f the mC* AMOUNT OF WORK trade marks ii the BEFORE THE PRESIDENT sjK"a??'> fount i The trealv prov . for patents in G nas Vast Accumulation of Important Mat- ... . . within six mon ters Is Awaiting His Con- becomes effect I sideration. renewed in Get other signatory ially Washington, July 10.?When Pres- ,nu require! ident Wilson returns to his desk he 1beginning the will face what probably will prove his Patent High s for busiest week In the White House. A- Measures taki ?eive vast accumulation of important mat- the United Stati t is ters awaits "his consideration. date German pt It The president will deal with the as valid and re that subjects before him with as great many waives lii have speed as possible, in order that he States for Infrln gei may make an early start on his cldent to the pr rury- speoch maklrfg trip. It has been In- but the right of hted dlcated that he would IJke to leave infringement du {lad- Washington about the middle of next German governr i. No week. vlduals is not w d as Among matters awaiting the presi- A momoran(| and dent's immediate attention afe bills K|V<>H (he effort the passed recently by congress and on (he treatmei f all which carry appropriations of more tTnitpd states. ' your than $2,000,000. Among the mean- un, rjphtB undei our ures are the annual navy, army and {or citizens isur- agricultural bills and the deficiency and the sundry civil measures. (Continued r 'dMLfcfVi.ii r %.??.* . - *. .? V ICASTE ;ASTER, S. C., FRIDAY, JULY 11, 1919. F TREATY LANCASTER Hi 5 EQUALITY NEW COUNTY ins the Rights of W. F. Howell Appoi ider Provisions Has Already Entere e Treaty. His Duties. IUES SUMMARY SUCCEEDS MR. C ert Reviews Indus- He Comes With Muc! of the Document Information and I of Citizens of the in Matters Pert* es. Agriculture. July 10.?President W. F. Howell has bee return to the United county agricultural ager with him the Ameri- caster county to succeed German peace treaty ber, who resigned some tocols which ho will accept a similar positi senate today. The county. Mr. Howell arr makes 450 printed day and has already er ch and Hnglish texts, his new duties. differs in many res- The News hag received original draft of the ing letter from R. W. Gi as published in. the ing to the work in this o but in essentials it "The director of agri inal draft. tension service,, Clems t also has with him has just announced the i lich the United States of W. F. Howell, as con st France if she is at- tural agent for Lancastei nany which ho may fective July 10. Mr. Hoi > treaty and the mes- Lancaster county yester vill read to congress. 'busily engaged in getting hirh the president with general conditions < George Washington ty. i.000 words and deals "Mr. Howell is a Sou broad general phase man. a graduate of Olen ?eacG- and/ is well qualified foi il Holds On. which he is to assume, t. who left for Eu r?turned from oversea i i* 4. nearly Reven Anif,riean army. Afl s accompanied on the 'llR n<^ armistice Mr. tton by a number of a scholarship to th uinclal specialists, in- nf IJr'st?l, England, and 1 Baruch, Vance Me- wa8 afm'ded an opport in Davis, Thomas W. vosti>IIl,(> agricultural c 'roferiBor Taussig of that country. I am sui Rupremo economic of t'ie Information wfiicl i has virtually ended cnn made of value to ilthough Herbert C. of Lancaster county, nain there until a fi- "1 wish to take this or reached. The Amer- 'hank you for the hearty elt that the council which you gave me w but the British and '"incaster county as * favored continuance agent, and ask you to gi ell the same help and ir economists and ex- ment. Lancaster count h material and infor- Possibilities and with t the economic phases cooperation* developing Europe growing out m,s communities of peaty. The effect of should make rapid stri eaty on tho United sressive agriculture ai iduin by Professor Prowing within the next icerning customs du- "I am spending two o ,on: with Mr. Howell in Lan States gets no special *>' Putting him in tou incurs no disadvan- work which we had ome assumed in the While In Lancastci I wll of most favored na- to accompany Mr. Howe is regards Import du- "P?n a number of farmc ness people of the count; assured also of com- " ~ (itment. on the foot- 19,650 PERSONS PA hips or any other, for SEE CHAMPIONS German ports. II have to be conelu-| The Itcfoiats Were l.es? inent arrangement to l the five year period Million Dollars?-Tlie I Profits I'nder #!< uminarles made from views show how Ger'eets citizens of the Toledo, July 10.-- Ex their Industrial prop persons paid their way i i as patents and trade view park arena 011 July runs who were pre- heavyweight champions! he war from patent- tween Jess Willard and ltlons or registering. aey. 1 Germany or other' official figures as ti rles may do so now. n(j receipts were an ides that applications Frank B. Flournoy, Tex 1 ermany may he made HOCiate In the venture, iths after the treatv The receipts after the re. Patents may ho (ax of f41 78f, 94 had bf many or any of the were $410.732 16. The countries by lultill- charlty fund for the clt nents of the war pe- ^ ? v ?as slightly under $30,0 August 1, 1914. There wore 292 polici t? for Americans. . .. ?? ? .. stadium. 72 firemen. 60< r?n during the war by ticket takers, 20 ticket s *s to license or liqui- press representatives. itents are recognized . _ A1 ^ The principal expenses main eflfectl'-e. Oer- ? . ... ability of the United m0,0r!' W'!r', "" ,ollow": gement of patents In- Wlllard, $100,000; De osecutlon of the war. 0(,0; arena constructs Americans to sue for 0,ly of To,edo Parity fui irlng the war hy the total *:i07'500nent or German lndl- Other charges prohabl raived. the C08t approximate!} urn by Mr. Baruch ,eavin* ,ho Promoter*, of the German treaty what be,ow *100.000. \ at of citizens of the *a'dThese include the us- Tho arena was constn r commercial treaties ?7.000. Flournoy annou of each country to had been sold to the Ami Wreel#lng company, of on Page Right.) $26,000. r NEW SUB IP 1 FRENCH BID FOR ARMY W A EQUIPMENT IS TOO LOW AGENT ilUUll I American Army Material to lie Sohl' I to Others If French Won't ? ** uiivru tiiiu iay i-.itougli. d Upon Washington, July 10.?The French Rovcrnnient having offered only $300,000,000 for American army RAKBER equipment in Franco costing $1,500,000,000. the war department has orw, , . , dered a sales organization for dis? \ uluablo , - , . . , . . posal of the property to he formed in Experience France, Director of Sales Hare told a lining to sP<10'a' committee investigating war department expenditures abroad. Mr. Hare, with a small party of industrial experts, will sail for Europe n appointed on Saturilay to be?iu their work it for I an- abroa(l- Sales offices and organizaR W Grae- t'ons bo organized and maintime ago to ta,net* nt vario,,s Places throughout on in Lee iPurope, the director said, and much ___A . of the material mav ho rotnrnoil in i\eu ycbier- " ~ vv itered upon tbe * nited States. 4 "If France will not pay a fair figthe follow- ure>" tho director added, "we will raeber relat ,akr ,ho s,ufl out of the country and ountv se" elsewhere." cultural ex- Sales of machinery and tools, on college. worth $20,000,000 to $30,000,000 to appointment Re,K>lIn>- arf; planned. Mr. Hare said, ntv aurlcul- horses and mules may be sold r countv ef- to '{umania and Poland. .vol 1 reached Members of the sub-committee ii? dav and is tl,oir discussion with Mr. Hare made : acquainted plain that they favored returning of the coun- a" I)05,Ri'>l? supplies to this country "to break the high prices." In reply, ith Carolina Mr- ,Iarc assured them that "if the ison college, he,ter market is not there, not in r the duties Price alone, the goods will be reHe has just turnod home as the patriotic thing." service with *^'r **are outlined his sales policy ter the sign- as not to P'eserve high prices for Howell was lien?1t of manufacturers, but to pree University vent unnecessary industrial disturbwhile there ances an,l sacrifice in prices that unitv to in- wou,(1 result from "dumping all suronditions in plus soods on the market." Referre that part r'np to ^he meat packers and vogetai he secured b,? canners, he said: the farmers "We have told them we don't intend to save them, but to play the game for the best of all." >poiton t\ to ships for return of poods from coopi ration ay,roatl are exported to be available 11 < serv ng a^out September 1. tlie director said. v'^Mr" How American aircraft in Europe will not be subject to his disposal, the diencourape rector said y has preat |t be spirit Of regul ar air traffic in the varithe county OVER SEAS PREDICTED <les in prond livestock Secretary of Navy Foresees the Time few years. of Freight and Passenger r three days Service, caster coun- _____ rh with the Washington, July 10.?Prediction under way. that the present generation will seo II lie pleased inauguration of regular freight 11 in calling an(j passenger traffic bv air across the rs and busi- seas js made in a letter from Seeretary Daniels to First Lord of the Ilritish Admiralty Long, which was id to made public and which will be con||Ip jjQJJ'p veved to Mr. Long by the Ilritish dirigible R-34. The secretary's letter is in reply to a message of greetings ? Than llalf from admiralty chi^f brought by the ,, , . dirigible. promoter si ^ ...... "Our country was filled with pleasttfOOO. i,ro at the successful arrival of the R-34 and the navy of America salutes the British admiralty," Mr. Daniels ao!. 1.1,650 Wrote. jg ol,r privilege to live in nto ' Ma>- R (jay g10 fulfillment of many vis 1 to see the . " , I ions and urea ins. ,lp bmM be"l "I I hank you for your letter, the Jack ni.st ,f.ame across the son in a ship that has conquered the air, the ? attendance jasj element left to the conquest of nounoed by nian. We will live to see the day Itiekiird s as- when we will fly across the seas as we have traveled on the trains ' Who will government prophesy these still greater wonders? ten deducted "I congratulate your great empire 7 per cent, and its spirit of daring and skill eviy of Toledo dent in this epoch-making flight It no. was a delight to welcome your aviaenien in the t?rs an<l to fln<l ,hat your men are r> ushers. 00 greater than their wonderful aehieveells and 454 men!." 4 Mr. Long's letter, also made public, \ of the pro- Rabl' "I take advantage of the voyage of the airship K-34 across the Atlantic mpaey, ' to send you a few lines of most n, leO.OOO, friendly greetings. On both sides of tid, $30,000; .. ' . . ? , the great ocean our hearts are full of thankfulness for the final act which y will make marked termination of the territ $325,000, war which lasted for more than profit some- four yoars, and we think with gratiIr. hlournoy an(j reveren e of the heroic sac* riflces of those who gave their lives icted to seat to save the freedom of the world. Toneed that it gether we have solved the great proh?rican House lem of the war, together let us apChicago, for proach the no less difficult problem of peace." 1 SCRIPTION $2.00 A YEAR WAR COST AMERICA nuro on mi i iaiio VYLIY OU DILLlUWi Secretary of Treasury Glasx Submits Estimates to the Congress Committee. ABOUT 29 PER CENT PAIII That Much Raised By Taxes and Revenue Other Than Borrow| ed Money?Foreign Loans are Included. Washington. July 10.?The war cost the United States $30,177,000,000 up to Juno 30, 1919. Secretary class made this estimatein submitting to the congressional appropriations committee the preliiuIinary satements of the treasury on the condition of the nation's finances.. ite .arrived at the estimate by subtracting the average peace-time expenses for the same length of time, at the rate of $1,000,000,000 annually. from the total expenditures, $32.? 427,000,000 during the war. Taxes and other revenue thart borrowed money to oh care of $9,.384,000,000 or about 29 per cent af the war cost. The remainder came front Liberty bonds and Victory noter issues and savings stamps Further issues of bonds, Mr. Glass, said, will not be necessary "beforethe maturity or redemption of thtr Victory notes," which have fouryears to run. While it is impossible? to estimate the expenses to be incurred during the present fiscal year, the secretary is confident that treasure certificates supplemented byshort term notes will provide the necessary funds to pay the government's debts. "I need scarcely say," the secretary added, "that the realization of these sanguine expectations is contingent upon the practice of the most rigid economy by the government and the continuance of ample/ revenues from taxation. Such a eourse, accompanied by the practice of sober economy and wise investment by our people and strict avoidance of waster I ...... ill.II HIM. will IIIilKI* II pOSSI ? file, for the American people to resj pond to t he demands to be made* upon them privately for capital and credit by the nations of Europe? demands which are reinforced b>~ the strongest and .most vital ties of sympathy for the allies, who fou&hCt and won the war with us- as well a< by the most obvious dictates of self* interest." In calculating the war cost Secretary Glass made no deduction of expenditures for loans to the allies, which amounted to $0,102,000,000 on June 3o, or for other investments, such as ships, stock of the war finance corporation, bonds of the federal land banks, etc. The pros* public debt June 30, without deducting such investments, was $25,484.OOn.oOO, a net increase for the war period of $23,043,100,246, representl ing the excess of disbursements over | receipts. Recent disbursements have been I on a steadily descending scale . Ex- , penditure> in the fiscal year just end! ed amounted to $18,514,000,000, virItuullv tb?> Iic.lii nil.ill. l.v j exports last November when the cessation of hostilities necessitated sudJ don revision of the government's plans, in J vine the expenditures wera ' 1 $809.n00,000. the smallest amount in I any month since September, 1017. The floating debt. June 30 was $3,634,0u0,000 in the form of treasury* | certificates, of which more than $608,000,00'! matured or were redeemed July 1, leaving slightly mora than $3,000,000 outstanding, which ir roughly the amount of the deferred installments of the income and profits taxes for the fiscal year, 1919,. but coming due this year, and of th? deferred installments of the Victory loan subscriptions. Marked improvement in the market prices of exisiting government issue? in the interval to elapse before other bonds are offered to investors was predicted by Secretary Glass, with corresponding decrease* in the Interest basis at which they ' hgve been selling, and consequent assurance that the government will he able to finance itself for a longer period upon better terms, when tho four-year Victory notes mature. (Continued on Page tilght.) i