The Abbeville press and banner. (Abbeville, S.C.) 1869-1924, February 18, 1920, Image 4
The Press and Banner Company
PUBLISHED TRI-WEEKLY
Monday, Wednesday and Friday. i
Telephone No. 10.
* Entered as second-class mail matter at post office
in Abbeville, S. w.
*** ?? ? C Q..U?/< virtf mn
terms ui
>. 0"c year $2.00
Six months ? 1.00 !
Three months .50 j
WEDNESDAY, FEBRUARY 18, 1920.
VOTE FOR BETTER SCHOOLS.
The people in Abbeville who are interested in ;
better schools for the city will be glad to know that
the Bill introduced in the General Assembly by
Senator Moore, at the request of the Board of Trustees,
giving the people in the tity the right to vote
on the question of levying a twelve mills tax for (
the support of the schools has become law.
As soon as the arrangements may be made the I
m ?*n 3 ? orl if td !
Board of Trustees win oruer tilt; ClCtllUH, UltU *V ?w f
hoped that those interested in the matter of improving
the school system of the city will vote for
the increased levy; not that our schools are not doi
' ing a good work now, but in order to pay teachers
the additional salaries necessary to get the best in
the profession and keep them when we have them,
and thus keep the schools on the up-grade.
Superintendent Fulp advises us that he contemplates
longer daily sessions of the schools next
year. Instead of commencing at 9 in the morning
and dismissing the pupils for the day at 2 in j
the afternoon, it is his idea to give a recess at j
12:30 and to have the pupils return in the after- 1
noon at 1:30 and stay until 4. In this way he proposes
to introduce study periods in all classes in j
which periods the teachers will assist the pupils in
s . the preparation of lessons for the following day.
H* *
This he feels is necessary for the reason that witti
the all-home study periods some pupils are at a
> -eat disadvantage. In some homes the subjects
are not familiar to the parents; in others the par- j
ents do not have the time to assist tne pupns; aim
in many cases the pupils cannot -do the work with- |
out assistance. Besides, where the parents do asgr
? sist the pupils in the preparation of their lessons,
the work is not always accuratefy done, and is -|
never done entirely according to the plans of the j
teacher. The result is that one child learns ac- j
j cording to one system of teaching and another child '
according to an entirely different system,
Ie is believed that the plan proposed, when carried
out by teachers who will have an interest in
the work will prove of great benefit to the pupils. i
It has been adopted in most of the Western and
Northern states and has proved satisfactory both
to teachers and parents, and profitable to the pupils.
The plsn proposed will have some 91" the merits > 1
of the old time country school when the teacher
taught from early in the day to late in the evening,
in which schools it is believed more thorough
v" J J1 ' 1 J
leacmng was aoiie man nas ever uecn uunc m mc
modern graded schools with all the advantages
which the latter have over the old field schools, as J
they were called.
V V VV V V VS. V V V VV V V V V V V V I
V THE OPINION OF OTHERS. V
V V V V VV V V V V V V VV V V V V V V
UNKEPT FAITH. N
il^hen in the spring of 1917 this government was
forced to consideration of the problem of financing
its part in the World War, two courses were
open. It must either float loans on an investment i
basis, paying whatever rate of interest might be
necessary to command the ehormous sums required, j
or else float them on a patriotic basis. It chose the
latter course. On street corners, in their homes, in
their working places, people were urged to buy Liberty
bonds?to "buy until it hurts" and ,then to
mortgage future earnings. They were told to go i
to the banks, which would gladly advance the funds i
necessary to carry bonds for them at interest rates
_r.ot exceeding the income on the bonds they bought. !
i v The fe^01186 was magnificent. Some 25 billion doi-^
lars worth Liberty bonds and Victory notes wer5 '
sold?far morg than could possibly be paid for out
of accumulated savings plus savings Up to the pres- j
$nt time. ;
p}'. And the Administration has not kept faith. In
N another column we print a letter from one of those
p. i who heeded the government's appeal and bought j .
until it hurt. His case is typical, for there are i
thousands of other buyers who are in the same po
fsition. But he places the blame in the wrong place,
. The banks are not responsible for the fact that he '
now sees his bonds selling at a discount-'?which is 1
not important in this case, since bQ intends, a3 he
says, "to hold them to the last ditch," which means
that eventually he will probably get a premium. 1
However, what is more important is that it costs
him a good deal more to carry the bonds on which
he has not yet completed payment than he receives
in the form of "interest. The banks are helpless.
Indeed, it is possible that the bank which is carrying
his bonds at 5 per cent is actually losing money.
Moreover, our correspondent will probably be
l< shocked to learn, as a great many others have been,
that when the ninety-day period of which he speaks
has elapsed it will cost him not 5 per cent but at
least 5 1-2 and probably 6 per cent to carry the
bonds.
The reason is that the Federal Reserve Board, a
governmental agency, has caused the rate at which
member banks?the banks with which people do
business?may borrow from thfe Federal Reserve (
P . f 3
tory notes to be raised to 5 1-2 per cent. It "hi
done this arbitrarily, because it thinks commodil
prices are too high and that by making mom
dearer it can force holders of commodities to pi
goods on the markets and thus cause deflation.
But apparently it has given no consideratic
whatever to the Liberty bond holder who heed<
the government's call and bought more bonds thj
could be paid for in the short time which ti
elapsed since they were sold. We do not belie1
that its action in raising rediscount rates was aim<
directly at Liberty bond holders, although the Fe
eral Reserve Board has continually urged people
pay for their bonds more rapidly. Nevertheless, tl
board has in effect repudiated what amounted to
pledge by the government to buyers of the bonds
By so doing it has done much to discouraj
thrift, for it has promoted resale of the bonds, u
no matter what cost, the government should kei
faith with the bondholders, even to the extent 1
favoring those who bought bonds on credit.
There is another point. Mogt of the people wl
bought Liberty bonds >were making their first ve
ture in government investments. Does the gover
ment want to destroy forever their confidence
the securities which it may hereafter have occasi*
to sell??New York Tribune.
STARS AND SPIRIT.
An affectionate interest in the stars is a speci
taste, we concede, and calling them by their offici
titles presupposes a zest for remote facts quite o
of the ordinary. A columnist who knew his mode:
literature by the shelfload might never have hea:
of the Northern Cross; and many a poet and poe
ess has doubtless slipped Vega or Aldebaran into
line who had not the faintest notion when to lo<
for either.
But the planets are nearer; and they are f
more familiar to modern tongues largely by reas<
fVioir Koinrr nomorl affo^anrlc sanrl crnrlrlpqqpq qf
very much alive. Mars, Mercury, Venus, Jupitt
Saturn?what other minor gods have we (exceptii
Charlie Chaplin and Mary Pickford) in this ye
of grace two thousand years, more or less, sin
Greece was Greece and Rome Rome? So the pi
ject of talking with these spots has a thrill hard
equal since flying became a bore. Personally
own to being a dozen times more thrilled over t
bare possibility of a wireless message from Ma
than over all the recorded chatter that Sir Oliv
Lodge and Ouija have ever pulled out of the "sp
its."
It is the known quality of the interstellar sti
that appeals, we suppose. Imagination helps o
not at all in that sillv worid of the spirits whi
I
they describe so vaguely in the few moments th
can be persuaded to tear themselves away frc
the more engrossing subjects of Aunt Eliza's hei
stitched handkerchief and little Tommy's penkni
that he left in the wodshed. The distances of t
planets are beyond accurate imagination?nor dc
k help much to start a train for Mars and tell h<
many years it will take to get there, as our pop
lar scientists are fond of doing. But one can
least see Mars, and anybody who has eve" cran
his neck at the heavens has fetched back a ru
mentary, almost a physical, sense of vastness th
comes close to putting the planets on our men
map.
And once imagined the thing runs away with t
mind. Exchanging ianguages would be simplic
itself for our experts who solved the Rosetta stoi
And thereafter whole literatures would arrive rz
idly enough to be serialized by the Sunday pape
Not since the great eras of discovery, when t
Phoenicians put out to sea from the eastern end
the Mediterranean, or when Columbus and t
P.nhntc Qailorl u-ocfnrar^ o/?vrvec? tliA A flonfi/i Vio
similar moments been offered to the jaded hum
race. With such chances fermenting in our oi
familiar cosmus, who has time to fuss with t
chatter of the "spirit" Bandarlog, whoever a
whatever they may be??New York Tribune.
MR. WILSON AGAIN RUNNING TRUE TO FOR
First President Wilson, exercising his undoubt
prerogative to oust Secretary Lansing, launches
national thunderbolt with his dictum that his a
ministration, and therefore the United States Go
ernment, cannot function without him, though Y
own official person may not be able to function.
Then President Wilson, reading the riot act
Great Britain, France and Italy, launches an Inte
national thunderbolt with his imperious notice
the principal Allies that they cannot among ther
selves arrange their own affairs in Europe in gene
al and on the Adriatic ?ea in particular without hii
More than that: With ^lr. Wilson present
their councils or absent from their councils thi
cannot decide anything for themselves or abo
themselves, though they all be unanimous for it,
it is not exactly what he wants.
By the same token it must follow when Mr. W
son commands that! a thing shall be done by thei
though no other member of the Allies should wa
it, though no other Pover of Europe should wa
it, though no other nation on the face of the ear
should want it, that his will shall be done.
Nowhere else under the sun is there such i
sumption of autocratic and universal power. N
where else under the sun does any public serva
pretend that he embodies such omnipotence. IS
where in the world is there today, and nowhere
the world has there been in the last hundred yea
anything like the despotism Mr. Wilson makes
democracy under him in America.
Mr. Wilson, back from the sick room to the u
occupied Executive office of the American Govei
ment, is running true to form.?The Sun and N<
York Herald.
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to, jj II Departmei
-a | I I F?ur Abbeville
s I II Stores DDe tne'
no ?B H
?-j| || 1 Main Sti
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5 ||| ' < FOOT
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m ! If In purchasing our dprin$
jr, H II mindful of the fact that our
i !! large and varied in order tc
ar i js || ?
ce I H !i' - Perly of the needs and reqt
to ^ I H walk ?f life* This is true r
ve i U If price but to nil the require
he i jj 11 pations. Service may be cc
er | jj| l! one case, style in another.
ir" I B !! You will find here not or
jff ! jjl I| est styles, but you will also
ne jj J) tive styles at very reasonat
Z || ij LADIES D
fe i |J Ij We have received some
from Kriooendorf Dittmar
ies i ? =5 *
3w i If early ? nd you will find then
?u- 11 and superior in QUALITY
a* | H if soon but believe you can f
GU j g^| 31 .
di. | || || now.
i jg, II M*ny people both in the
Leather Shoes at medium p
he | (j jj full line of Shoes, Pumps ar
ity I B il $5.50, $6, and $6.50. E
^ ! !| be solid leather,
1 =1 tr _ l / 4* * i
rs . j m if In stock are a tew ot lac
! <i 1 ii which have been carried o\
he | 1 || $2, $2.50 and $3.00.
| || ' MEN'S DE
nd g || Many of our Men's Oxfc
more will be in soon. We in
: U || to inspect our stock and it
you whether you are ready
ed i H !! ' There are several broker
d- J I |I *n our men,? department.
v" 1 |j *? under the present pric
lis u if saving to buy and anticipat
in fm j|
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ti
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m, > m if
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: 11| Rosenberg
in B? fi
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iit Stores
c p Many
Departn*
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, )
WEAR
j stock of Shoes we
stock woqld have
> be able to take car
lirements of people ir
lot only in the matl
;ments of the differen
>nsidfcred more essen
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lly the very dressiest a
find dressy and coi
>?e prices.
DEPARTMENT.
very stylish rumps ai
i Co. These were si
i to be correct in S
. Many more will
ind exactly what you
city and country wan
>rices. We have recei
id Ties which we will
Ivery pair is guaranty
lies Shoes and 0
rer. We have markec
:partment.
>rds have arrived and
tvite every man in Ab
will be a pleasure to
to purchase or not.
l lots of Shoes and O:
We have marked the
;e. It will be a subs'
:e your wants.
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