Historical Newspapers of South Carolina

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SEEKING TO PROMOTE TRADE WITTH EUROPE Banker* May Form Hundred Million Dollar Corporation?Organiza zation Would Be Greatest Event Since The Armistice Chicago, Dec. 11.?Organization oi a corporation to finance foreign trade, to be backed by bankers, manufacturers and merchants over the entire country was indorsed to day by prominent speakers before a conference meeting under the au spices of the American Bankers' as sociation. The proposed corporation would be formed under the Edge law with a caDital of $100,000,000 available to American producers as cash payment for their goods on which foreign buy ers would be unable to pay cash. This foreign trade, speakers said, was necessary to the commercial prog ress of the: United States and some method of financing foreign trade must be worked out to enable Ameri can manufacturers to take their place in world trade. Herbert Hoover, speaking before the afternoon session, declared that if the project (were successful, to day's conference would have been the most momentous since the armis tice. "You are gathered here for the fundamental purpose of doing some-, thing practical in the solution of a financial situation by every day means" Mr. Hoover said. "You have a great problem for our farmers to day are suffering great losses and our workmen great unemployment. This is due, to a considerable de gree to the stagnation in order for our export surplus. From this stag nation the consuming power of our own home market is reduced and the effects are accumulating upon us. "We must face the issue that these economic ills arise from the vicious economic circles that can be broken in one way only, and that by the establishment of credit' abroad, not the dangerous short time credits which have already become. overex tended, but the long time invest ment in reproductive enterprise." Mr. Hoover declared that present problems should be solved by the! . processes of business and the in dividual initiative of man rather than by the government. Government promotion, he said, would lead to vicious ends and would be subject to "every pressure" that [ desperate foreign statesmen can in voke. "Our experiences in the war show ' ed that foreign governments borrow ing our money on easy terms could not and did not extend it with the economy of private individuals. That has resulted in vast waste. The whole process of intergovernmental loans is involved in inflation, in waste and in intrigue. The only di-j rect loans of our government from today on should be humane loans to prevent starvation." Declaring that if America wanted Europe's trade, she,must help that continent now, A. C. Bedford, vice president of the International Cham ber of Commerce, painted an encour aging picture of Europe in the recon struction period. "We have a moral and business obligation to help Europe," he said.. "We can't be prosperous and the rest of the world poor. Fundamentally things are very much sounder than ! they were. I have just returned from \ ... ? I Give HIM \ I Ai^Jf for a Xmas present, ii Get it from the store | for men. | ?Prices here have ? been reduced One- | Third. f Parker & Reese PRODUCERS HOLD ABUNDANT CROPS Freeze Causes Rush of Cabbage To Market?Potatoes Marketed Slowly. Washing-ton, Dec. 11?A large part of the abundant fruit and vegetable crop still is in the hands of producers or stored at country shipping points, says the department of agriculture's weekly report. The market continues stagnant with some declines. Freezes in western New York and other sections where cabbage was in the fields, caused a rush to sell for immediate use and overstocked the market late in November, the report savs. The price of cabbage suitable for long storage has shown no gain, ruling $10 in Western New York with city prices $12 to $15 for the best. Fear that too much of the potato crop may hold over the winter is expressed in the report. The aver age for potatoes is $1.75 for No. 1 sacked stock. Apple prices are being jnaintained better than in almost any other lead ing line, the report says. Baldwins range from $4 to $4.25 in the coun try and $4 to $5.50 in the cities. Onions show no particular change. . CHECK "FLASHER H i Columbia, Dec. 9.?Mrs. J. C. Tif-J ton, as she gives her name, a pretty 'young matron of Greenwood, seven-j teen years of age, plays the piano in j the Richland county jail, waiting lor her trial before a jury on the charge of "flashing' false checks before, the faces of Columbia merchants, on which she secured valuable articles of wearing apparel. She refuses to give her real name, for she says she1 doesn't want her parents in Green wood to know of her crime. The young lady says she had an accom plice and that she has been in Spar tanburg, Greenville and other Pied mont cities. She is good looking and full of "pep" but there is a consider-, able amount of evidence against her, I in the pending forgery case. She will be tried within a few days, as soon as Columbia's chief of police returns to the city from federal court in Charleston. I TO BE OFF STREETS nv miwp fwi/vicl Jersey City, Dec. 8.?Chief of lice Battersby announced tonight he had instructed his precinct com manders at a conference late today to demand of the city's patrolmen vigilance on the questioning of! strangers both whites and negroes found in the streets at night. He ex plained an earlier report that he had ordered detention of all negroes inv the street after 9 p. m., who could not give satisfactory explanation of their identity or business, was er roneous. FVequent robberies and holdups recently, Chief Battersby said, had necessitated extra precautions. Legal Blanks for Sale Here.? ?he Press and Banner Company. Italy and France, where I found the people grappling with a situation which is very discouraging, but which they are meeting in a phenomenal way." William C. Redfield, former secre tary of commerce, urged worldwide trade development, declaring that America was yet in the infancy of her export trade. He asserted that the "tremendous pull of English cap ital is operating abroad in favor of English'industry." The farmer's viewpoint - was ex plained by J. R. Howard', president of the American Farm Bureau fed eration, who said that if the proposed corporatiOti'would provide a market for fanners' products it would have their backing. Julius H. Barnes, for merly head of the United States grain corporation and Eugene Myer, Jr., who headed the'war finance corpora tion, presented tneir views gainea from experience in government work during' the war. A committee on plan and scope was appointed at the afternoon session and its recommendation for organi zation and definite procedure will be heard tomorrow. A national commit tee is expected to be appointed as a result of the meeting to evolve the necessary steps for incorporation of the financing corporation. William S. Redfield's name was prominently mentioned by conferees as the prob able president of the new corpora tion. Give HIM An Overcoat For a Xmas present. Get it from the store for men. ?Prices here have been reduced One Third. Parker & Reese SEEKING TO CHECK IMMIGRATION TIDE Seatimnt In Hoiue Seems Orer whelimaf?Pert/ Line* Broken Washington, Dec. 11.'?Support ers of the Johnson bill to prohibit immigration for two years won every preliminary skirmish in the house today with such ease that ul timate passage of the measure seemed to them to be assured. The only record vote that came during two hours of debate was car ried by advocates of restricted im migration, 151 to 9. This vote, tak en on adoption of a special rule to limit general debate on the measure to four hours, was taken by the bill;s proponents as an indication of the attitude of the Jiouse. Oppo nents of the bill disputed this con tention, however. Two of the four hours allotted to general debate had been consumed when the house adjourned late in the day. Another two hours of gen eral debate will follow tomorrow, and then speakers will be allowed only five minutes each. Chairman Johnson of the immigration com 1 mittee, who drafted the bill, said 'that disposition of amendments <nr/Mii/4 rlalat? flip final piuuauijr nvuiu uvimj vote until Saturday. Debate at today's session was di > vided by agreement between Chair man Jbhnson and Representative J Baker, Democrat, California, who I led the forces friendly to the bill, I and Representatives Siegal, Repub- | llcan New York, and Sabath, Demo- j crat, Illinois; leaders of the oppo- j sition. j Partisan lines disappeared during j the debate. Apparently by coinci dence the leadership divided itself < equally between Democrats and Re- , publicans, one member of each par- j ty leading the forces for and J against the bill. ' Representative Johnson, 'Repub- I lican, South Dakota, read a letter | received, he said, "from a promi- | nent American journalist in Eu rope" depicting scenes of crowds besieging American consulates and declaring that consuls "were doing a noble job in holding off the gangs but must have help and legislation which will strengthen their hands." All of the unsurveyed mangrove islands in the Calooshatchee River, Florida, have been designated as a new government bird reservation. ARMENIA SIGNS TREATY OF PEACE Territory and Arm& Surrendered . to : Turkey : Constantinople,. Dec. ,11. (Havas). . ?A peace treaty between Armenia and the Turkish Nationalsits is re ported to have been signed at Alex andropol during the night of De cember 2-3. Under the treaty Ar menia's territory will be reduced to the region of Erivan, the capital, and take Gokcha, excluding Kars and Alexandropol. The treaty provides that all Ar menia's armaments must be deliv ered to the Turks with the excep tion of 1,500 rifles, 26 quick firers j and three cannon, which the Arme- j nians are permitted to keep. ij A Soviet administration has been i organized in Erivan, according to . the reports and a complete accord J exists between Soviet Russia, Azer- J baijan, Armenia and the Turkish J Nationalists. I 300 PER CENT MORE FOR LUXURIES THAN FOR EDUCATION Memphis, Tenn., Dec. 12.?Expen ditures in the United States last year for luxuries, approximately $5,000,000,000 was more than 300 per cent in excess of the expendi ture for education, told a confer ence here today of educators and state officials from six southern states. For tobacco alone, Mr. Claxton asserted, the expenditure last year was over a billion dollars more than that spent for education. "If we can raise tne standards of the persons to whom we instruct the training of our children through curtailing our tobacco consump tion," Mr. Claxton declared, "then we should 'Hooverize' our cigars, o t-? /-} oVt n rr f rtlVvQrtnn '' aiiuxj. auu liiv.* The ideal school year is 180 days, Mr. Claxton sai\^, while the average in the United States now is 182. He urged that at least fotir per cent of government revenue^ be spent for education. The ptesent expenditure he said, was one and three Quarter per cent'. ' f 8 \ j more shopping c 3 days until XMAS As in the past, c and most complei spared no p || even greater than We beg to annoui [] that our Toy Dep Iment is now op for inspection..... Adair's Hot Hustler Ra fifififiSBRfifiSfifaai! HORACE E. DODGE DIES IN FLORIDA Palm Beach, Fla., Dec. 10.?Hor ace E. Dodge, millionaire automo-j bile manufacturer, died at his win ter home here tonight. Detroit, Dec. 10.?The death of Horace E. Dodge, at his winter home in Palm Beach, Fla., tonight j was unexpected by his acquaint-J ances and friends here who hadj not learned nf Mr. T>oHtrp'<5 sArinns I illness. His health had been im-| paired, however, since an attack ofj influenza last winter. He left here I for the South several weeks ago with Mrs. Dodge. Mr. Dodge has been the sole head of the Dodge Bros., automobile in terests since the sudden death early this year of John Dodge, his elder brother. . .. .. . .. The brothers founded the auto mobile business, that bore their name here eight years ago, after engaging in the manufacture of. au tomobile . parts since the early days of the industry when they were as sociated with Henry Ford. , Thai Has < The ability of the Plai greater requirements due to the fact that fo bank has ben serving county and is thorouj their needs. Today we are bett continue this service, serve you. Planter! "The Friem ABBEVII The Home of Over 1C iur HOLIDAY STO( fce to be found in this ains in making the c c v C/i uui ui v/ icket I WWWFIWFIWWWWWFIB1W lad |J ftJU LluTLJ wlaAaiU Ki MEXICAN GRANTS MAY CAUSE TROUBLE Washington Expects International Complications Over Oil Washington, Dec. 12.?Compli cation of the international contro versy over oil in Mexico was fore cast today by advices to the state department that the provisional government of Mexico had granted scores of permits for the explora uun cixiu expiuiuauiuu ui petroleum in the federal zones, notwithstand ing the protest filed 'by the United States government last August. Promise of additional complexity was indicated by the further infor amtion that practically all of the newly acquired rights had been transferred to British oil corpora- ... tions by the individuals to whom they were granted. Most of them, according to the reports received to day, have been obtained by the Ar guila and Corona companies which are subsidiries of the Royal Dutch Shell in which British stockholders have gained control since the war. '* ' , ' * * . * *\ . ' \ * I titers Bank to fill the of its customers is r over a year this the people of the jhly famliiar with ;er fitted than ever to We will be glad to s Bank dly Bank" JLE, S. C. 100 Bank Accounts. aaaraiBffliiEBm ru Aire tnuii/L of first selections are offered you. DK is the largest > section, and we ollection this year r?advice to you is buy early?stocks scarce and there be no duplicates. Store \bbeville, S. C.