The Lancaster news. (Lancaster, S.C.) 1905-current, December 24, 1920, Image 1
HE Ll
WEEKLY.
iiLmiai m mm
V % \ jrfl*
!SrEAR. no 18. SEMI,1
BUDGET FOR 1921
t| WILL BE $7,000,000
P Jjj Leastwiwe Budget Commission
Will Make Such ReOomr enda f
I
tion to General Assembly.
COMPLAIN OF HIGH TAXES
(s ?-?:
tin Solving filing Problems Permanent
ItiiproTeiupnls Will lb*
Foregone Next Year?Will Reqalru
Ia*vy/ Of 14 Mills On
T?xnble Property.
COLUMBIA. S. C., Dec. 23.?The
state budget commission will recommend
an appropriation of approximately
I7.ooo.000 for the operation
of the state government, its departments
and institutions for 1021.
i ms will b?' n decrease of about two
and one-half million dollars from the
estimates submitted to it, which totalled
$0,868,206.59. ThU would
mean a levy of approximately 14
mills on a valuation of between $4 4 8.<>00.100
and $450.000.0o0 in tangible
property, an estimated by the state
tax commission. This levy, however,
ooiild be reduced because of the inon
?ys from other sources which must
he turned into the state treasury under
the budget law.
"I have not yet* completed my
Study of our 1?>21 budget iu all of
its details," stated Governor Cooper,
chairman of th? commission today,
when questioned relative to the tax
agitation in the ptate at present, "but
I will recommend a reduction of appropriations
from the year, 1920,
with the exception of the appropriation
for the public schools. T am
satlstied further that with other recommendations
which will lie submitted
to tl?? In?!' 1" *L
_ ? vMnmiuir, me lovy of
1921 can,Attd will, ho materially reduced.
I expect to diecuM this whole
oj^atlpn la detail in rayoimiiai meshe
hits made no at a torn on t
JreJW the It ! understood that
goutj*n<>r will isk the general
J oteom'nly jto propose a bond issue to
dhe ftpopjlr in a referendum elee I
lion, t. o Issue to rover ten years
of permanent improvements. The
^ theory Is that to arrive at an ado'
ipiute estimate of the wants of the
state alopg permanent lines, a commission
Of engineers should he op
pointed to make a thorough study of
the wants of eaoh institution ami activity
and report in detail to the leg(
l8lative bodies before the election is
' f ordered./
Along this line it can he uuthorii
. t totlrMy stated that the budget coml
t imJision will turn its face for any
I f appropriation for permanent improvements
for 1921. this, of course.
inciuuiuajnew mmuings at state In
atitu/fonfe* of higher learning and
Hta'^-op^yattxi charitable and corrfjmbnal
iictlTitU'H.
"fTpS^'IS a cry throughout the
(#aUl 4 prraont time for relief
firoWsfttu burdens of taxation, and
there hare boon mnnv and varloua
remedies suggested. but most of
tbem have been from the wrong an
trie. The general cry soomn t(, be
%. $hat lh? burden is from the state j
I uK 1?vernnl0nJ' '''vfin n casual analysis
the state s finances shows that.
|a^Should all but pnrely governmental
functions acting for the people a
whole, he eliminated. South Carolina
could be operated on about a onemill
l?Tjr, or $513,877.1*. using the
figures for expenditures In- 1019, the
only ones available at this time. Of
this amount. $288,296.'! 1 Is for the
*"* oxecirtlve department, $156,29534
,Jor the Judiciary and $70,286.41 for
^\fae legldatlve branch.
TThe fact of the matter Is that the
' ,* gr^at birden for taxation 1s from
the couitfes. mostly In levies for
' school Hirposes voted by the people
^bemselfres. and from the munlctJj
If'&a For Instance, the city of
| ji pays a 91-mlll levy, the
II .'aimbla. 71 1-2 mills- the
I 87 mlllH ?nd ?hr
3-4 mlllH. f)f thoa<>
arG '<>r ?*1G ,i,a,p
1 ^ i n Snmter. $6,081,2
9 I
. n^re ,
Jove
HISSp i
||SpRrro^
i
COTTON (JINNINOS NOW
TOTAL 10,S78,2?r? BALES
<Vnstis I ill 1*4*11 ii \ it noiiiin-s This Number
l'p Id December I :i l-or
South Carolina, I ,:i<U,(l."VO.
WASI11 NdTON*. Dor. 23. Cotton
exclusive of lintors. ginned prior to I
December 13 amounted to 10.878, 1
26.r> running hales, .including 1 ; 8'
184 round bales, wliirh wore counted i
as half hales. r?4,467 hales of Amer- I
Iran KgyptIan. and 1,291 bnles of
Sea Island, the census bureau an- '
]
nounced today. (
Dinning* last year to December |
13 amounted to 9.396.64S bales, Including
103.662 round bales. 27.104 <
bales of AincHcan-RirvniUti ?r>a :
6,236 halfvs of Soa Inland
j 1
Thin year's ginnings |>y Htates fol- j
lows: ,
Alabama. 607,939: Arizont, 66,- i
794; Arkansas, 886,203; California. '
37,802: Florida. 17r.wn onn-i.
1,323,762; Louisiana. 354.798; Mia- '
7Tjt,619; Mlaaourl, 49,592; 1
'
#
AFO
LANCASTER, S. C., FRIE
fSLcer smi
Ke ruddy }6a
1
>usAe&rts 2
;loW ?TCfK]
T
^>j.^) Mu
5 rule is lr.
'ermore i
hG World i
?l?W oftf
; - f - - - ^ ^-y< WAR
I INANCE MEASl'RE
RECEIVES FINAL ACTIO
Hi'solutlon to I'niviili' KHirf h
I'liniHTs Kraily I'or Signature
* > i in- rrrsim-ni.
WASHINGTON, 1>e< 23. I.eglsl:
Hvo enactment of the joint resolutlo
directing revival of the war f1nan<
corporation as a measure of relh
for farmers against falling price
ivas completed today when the senat
without a record vote, concurred i
house amendments eliminating th
section suggesting that the fedori
reserve hoard extend liberal credit
to farmers The resolution now goc
to the president.
Senators and representatives wer
divided today in their opinion as t
i possible veto. Some believed th
president would veto the measurt
while others were Inclined to the bf
lief that with the elimination of n<!
rice to the k -deml reserve hoard aj
proval of the executive would be c-u
m the measure.
Leaders who were responsible fo
he flnal enactment of the resolutior
however, expressed confidence o
.heir ability to override a veto bot
fl^he ,?n?,J a^ho^ TJ.y^er
\
/
kSTER
>AY, DECEMBER 24, 1920.
bi\?' 1
rtK-fire^lean
vrG beating ]
-
rpcma? ,drearc
gj!
>ajaishe&
it seems
s bri^ht^r
xristm&s J
JL .. . ii-dirv ;[
illicit ilUMh Kl'lit KILL
N (JOES ON STATUTE IKHJ
H' 'I'liis Wri'k In ii I'uiui < ?iiI> Sliglu
Amended Wlien It l-'irst l<eft
< 'ominous.
n- I LONDON, Hit. 23. The Iri
>ti ' hoinr r i r 1 * * lull now is safe and w
?o I be placed on the statute book tti
?f week In a form only sIlphfTy amen
s, ed from the shape In which it fir
e le.'t the house of commons The hou
n of lords today, after a brief debat
ie J agreed to all the amendments mat
il to the bill by tho commons,
-f Tho only amendment discussed I
'* the lords today was that adopted I
the lower house providing that
e either area In Ireland refused to e<
p tin a narlliiment the ???/..? i.?
(. i not name the offer n second time in
?_ t less within three years after Julie
.. I next both houses of the Hntish pa
lianient adopted a resolution ash in
; for It.
M'Xl'HA TAX KM IN CANADA
r AKOMHIIKD ItY (M)YKItNMKN
, OTTAWA. Can., Deo. 2 A \
f taxes on luxuries In Canada, exeep
I, : inn alcoholic liquors, confectioner
e i and playlijg cards, have been abolisl
ed by Oie^, dominion goyernrnei
..1 -+m
-1
L NE^
SU1
aiWAHFS ttftnn Mill
!l vuw v vjv W UliliLl
WORKERS TO BE CUT
Reduction of 22 1-2 Per C ent.
Agreed On By Manufacturers
of Fall River Plants.
EFFECTIVE ON JANUARY .1
i
(* Textile I'nimis to Meet Next Week
To IHh'IiI*' On Acceptance Or
^ Itrjntion?Most of Mills Arc
( <h? l'urt Time aii<l Sonic Arc
iKntircl.v Closed.
FALL 11IVKR, Mass.. Dec. 23.?A
wane reduction of 22 1-2 per cent
lor t lie Olio mill operatives it) this
3 city was announced today after a con
2! ference lietwccn the Fall River cotton
jfc manufacturers' association and the
SI textile council. The reduction which
5 J will become elTective on January ::
| m all of the 100 mills <-otitrolled hy
ij members of the manufacturers' asso:
ciation. brines this textile center int<
]l line with the reduced scale of wafer
in other cotton milling centers o:
M New Kngland.
James Tansey. president of th<
| textile council, said that genera
I'll meetings of all the textile unions it
the City would be held early 11 e x 1
wee|< in vote on acceptance or rem,
a tion of the cut. I.ess. than one thi*<
A of the operatives here are uniot
^ i members but tin- action of the t. \ i'.
\A council usually is accepted as th?
y guide among the workers.
Most of the mills in the citv :,r<
|i either dosed or running on reducet
^ schedules. The American prin
works, which embraces the Fall Rive
' Iron Works corporation, contridlini
eight cotton mills, was closed toda;
| for three days.
I . ........ ... i -? >. f * f. r..-> \ A
x rrr.mi't to "iun? woiikf.hs'
HOSTON. I tec. 2:!. The nmalpa
mated clothinp workers' local unioi
today issued ;i statouiont repaid: ;
the rocent annou ncemeiit 1 >\ tin
; manufacturers ..s-ot iat ion that wane
would lie red lined 22 1 2 per cent
and a piece work system of pay men
restored This tint w t declared t,
t>e an attempt to "tub tin workers .
^ every!h in n they have pained d trim
years of labor to establish an An orI
can standard of living." anil the re
cent hreak in relations between tin
manufacturer- and the union was re
' toned to as "a resort to Inriutttrla
warfare rather than to negotiatioi
i. and ttrhilrttlion."
' The union wants to continue t?
- settle all prievances ariship he'weet
the worker and his employer throupl
i investigation, discussion and judi:
: nient." the statement said. < unlitd
' inn with the assertion that "am
attempt on the part of the mauufac
.
I niM-rn n> routine noir standard- w il
<= be npjinscd as a matter nf s df de
p ' r.-nsiv"
\V(I(M.K\ \M? WoUSTID Mil l.s
J IVMU \t i: w \<.i: I:I:IH < TION
= IMTTSKI Kld>. Mass. Hoc J :
Announcement was made today that
^ a 22 1-2 p'-r ( hi wiikc red'tion
would.1??* put into effect shortly in . II
I of the woolen and worsted mills in
'* * central and northern llerskshirc
j county. Between 2.5'irt and 2.nun
persons are' normally employed in
the 11 mills Several of the plants
have heen closed for some weeks and
no date has heen set for their re
"s snminy operations,
dHf
PI T \\ ViBS in l?KI< PKNT. A N l?
sf> A IK> MS II Til K MONTHLY BONIS
HHIPfrE WATER. Mass. Deo. 22
Tlie Stanlev Iron Works here, with
keo.l ? - "
it <ki uimm in i\rw nncain. Conn.,
today posted notices of a 1 .*? per cent
reduction in wapes, affective at once
" A five per cent monthly bonus nleo
pf is abolished, and drop from time and
''' a half to straight time for all overtime
is announced
1
r M VM h'VTl IlKlts STKIVISO TO
IF AVOlll ItFIM < TIONS IN WAOKS
NKAV YORK. Dec 23 The national
association of manufacturer:
S today issued a statement assert Inp
T, that "contrary to pntdished reports
'\i that manufacturers generally re
t- yarded wape reductions as necessary,
.y ^manufacturers in all sections of the
crtaintry are striving In every posiiihle
wtLr to avoid the reductions and cur(ailment
of operations which might
s
1
/ 1
==???' 1
[ASCRIPTION $2.50 A YEAR.
WALL STREET FEELS
f?i men m ?? "*
dLUIHF IN VALUfcS
Numerous Issues At the Lowest
Record In Years?Drop 2
To 22 Points.
TIGHT
MONEY THE CAUSE
Kilt in' l.ist Affcctcil, Itut Steels,
C(i|ipci's anil Motors Suffer the
Most?Divitlentl I'uyiiiK Kails
Are Vnitble To llt-sist the
Title.
NEW YORK, Dor.. On transactious
approximating 1,700,000
shares, the largest turnover of tho
year, the stork market today expert- *enced
another drastic readjustment
of quoted values, which forced many
issues down from 2 to 22 points and
established numerous new low records
for from 1 to \ years.
The collapse, which exceeded in
> violence any movement of the prolonged
reaction, encompassed every
branch of the list but was most extensive
in the croup of so-called in
dependent steels, coppe.s. motors
! and related shares,
i Waiving admitted adverse condiI
tions hi trade and industry, not only
in this country hut throughout the
I world, traders declared there was no
i spocilic developne til s to explain tho
>*itiiii|) in n'T iii.in im* mini .ng nm?
viction that many war millionaires
in ami nit of Wall street have reach>
et! the ??n? 1 of their financial tether.
1 In substance, trailers asserted the
t credit situation has closed the money
r market to the country's speculative
operators, although local hanking Institutions
aver that no more than the
usual calling of loans customary at
tins time of the year has 1 con engaged
in.
It is accepted as a fact, however,
- that hanks have tioen strengthening
i their resources to meet requirements
of the coming \car. this policy havi>
mg the tacit approval of Hie federal
s reserve hoard and other conservative
Interests. News of the day which
t tiore directly upon the action of the
i, stock market \v?< provided by the
f shutting <lown of many mills and fac
for e- espedallv in Now England, for
"inventory" purposes. In a majority
of cases these are likely to re open aft>
tor the liolidav8 on a reduced basis
of wage schedules Much of today's
1 unsettlenient was produced by an ah,
riipt decline of about ~~ points in
I'epbigie steel, which is controlled by
t some of the largest factors in the
s!ee| inii stry lteplogic recovered
i only three points of its loss at 5Q,and
Vanadium steel, which has close
relations with Replogic dropped more
than seven points, rallying just one
point.
Among other coppers, motors and
kindred specialties the reaction, due
in part to the disorganized state of
those industries, ran from three to
s \ points, the market for tho e is *
sues helntr negligible oils suffered
de-lines of two to four points with
only nominal recoveries, and equipments,
which naturally follow the
course of steels, also reflected the
I:i?'k of support.
Shippings, recently among tho
kt'si elements of the entire market,
were heavy at all times, particularly
Mlnatir Gulf and Went Indies
and \merlcan International corporation,
the latter Peine among tho
Issues to make a new low- record 1)1
v i fl??n r! paying rails held their
ground until the final hour, when the
wide swoop of tho liquidation beramo
too strong to bo rosistod loading.
ono of tho shoot anchors of tho
transportation list, finished at a loss
of flvo points, and Southern Pacific,
a target of tho boars over since tho
publication of tho forms of its
"molon," forfeited two and one-half
points.
Trading in bonds exceeded $32,000,000,
also one of tho most active
days of tho year. Liberty issues made
partial recoveries from yesterday's
heavy losses at the outsat, hut reacted
in the later dealings when stocks
were at lowest levels.
\T"KM1'T \T ItKSt'KKM TION
11 KVl'.AI/Kl> AT tslllll Its. CM.
ASHBUftN, <;a , Dec. 23. What
county authorities say was an attempt
at resurrection, was revealed
here today when the body of
Robert Roiyso, who died three