The Abbeville press and banner. (Abbeville, S.C.) 1869-1924, January 03, 1921, Page PAGE FOUR, Image 4
Established 1844.
THE PRESS AND BANNER
ABBEVILLE, S. C.
The Press and Banner Company
\ Published Tri-Weekly
Monday, Wednesday and Friday.
Entered as second-liass matter a:
post office in Aoheville, S. C.
Ten of Subicriptidn:
One Year
Six months _
Three months
$2.00
$1.00
.50
MON.DAY, JAJNUAK1 6, ivzl
DON'T WORRY OVER
PRINTERS' PROFITS
(Interlaken N. Y. Review.)
Communities shouldn't worry for
fear their local newspapers are mak- 1
ing too much money, thinks the State
College of Agriculture; on the con- ,
trary, it is to the advantage of the
community that its local newspaper
shall be prosperous, in the college's
opinion. Some of the difficulties of j
newspaper publishing are pointed out j j
in an editorial headed "Price6 and |
Printers" in the current issue of the
Extension Service News, issued by/|
the college. The editorial follows: "|
' "Before a community starts to wor- <
ry for fear the publisher of the local 1
paper is making too much money, it i
' is well to know the facts. Few lines
.( ' of ehdeavor have been so severely
' hit*by changing industrial conditions 1
as have the small newspapers. It is 1
' abundant testimony that there were 1
123 fewer weekly, publications in this 1
state in 1919 than in 1915. , I <
"Only recently has definite effort!;
been made to-study .costs on country 1
newspapers; this study shows that 1
few publishers have been getting
even cost for the advertising space ]
'' and printed matter they have sold, t
Like the farmer, they have been pro- <
during their commodities largely with )
the unpaid labor of themselves and 1
t the members of their families, and ]
f without taking into consideration
such items of exbense as deDrecia-1'
tion, interest on money invested and]
like.
"For the sake of his community, I
every one should want his local news-j
aper to be prosperous. Only as coun-1 *
try newspapers are prosperous will I<
there be attracted to them men of J(
the brains and training necessary for j(
a position of leadership, nor can the, *
publisher, unless he is prosperous, j *
produce a paper which is representa- j *
tive of the community, and of which j1
the community may be proud. More
over a paper struggling to make both i
ends meet, is more likely to succumb J
to the luring offers of dubious ad-!
vertisers or political charlatans. I ^
"No newspaper, regardless of itsj
circulation, can sell its advertising
space at less than 20 cents an inch
j A AAWimiffnA -PrAW I
ttllU uc ^lusyci^uo. XX VVIUIUIVV^^ A*WMI > ^
the National Editorial Association j c
has worked this out after a careful:
study. The local newspaper of about ^
5,000 circulation must charge approx-'
imately 55 cents an inch.
"A similar study has been made of ^
the cost of job printing and the re- t
suits have been compiled in a loose ^
leaf book which is kept constantly .
revised. If the local printer and pub
lisher quotes his price from this lit- j
tie black book the customer may x
know he is getting a fair price, and
the printer is getting a living profit" ]
?? 5
OLIN SIMPSON HAS HARD LUCK j
To those persons who think that ,
they are now suffering from an epi- ]
demic of hard luck, the story of Olin j
Simpson's misfortune show them up ]
as enjoying the very best of luck. j
Three years ago, Olin Simpson was j
living, on. a. farm near Seneca, and 1
had the misfortune to be burned out. j
He awoke in the middle of the night, 1
to find his house on fire and the roof j
just about ready to fall in. He was |
lucky to get out with his family.
The season had been attended by 1
much rain and he had practically no
crop. He left his burned home
shortly afterward to take his family
to the home of his father-in-law and
while he was gone it is thought that
a whilwind carried the fire to his *
barn and when he returned home his '
barn was also destroyed.
Four months ago, while all of the
family were away, lightning struck
his residence and he was burned out
again.
On Thursday night, his house again
caught fire, and again he had a nar
row escape to get out with his life
and to save his family from the
flames.?Daily Mail.
4
PLAN TO AID COTTON
MARKET APPROVED
By Federal Reserve Board?Tempor
ary Permit Issued to Big Bank
ing Company of New
Orleans.
Washington, Jan. 1.?Approval of
the articles of association of the Fed
eral International Banking Company
of New Orleans was announced today
by the Federal Reserve Board. The
corporation has a capital of $7,000,
000 and is organized under the pro
visions of the Edge act for the pur
pose of financing foreign trade.
The new eomDanv. which is the |
second Edge act corporation approv
ed by the board, was formed to fin
ance shipments of cotton and tobacco
from the South of foreign countries
but it is" expected that the corpora
tion will devote itself principally to
cotton with the view of relieving the
situation facing the growers.
' Pen ding'the issue of a final permit
the board said the corporation had
authority to exercise only those
powers which are incidental and pre
liminary to its organization.
' , * 1
New Orleans, Jan. 1.?Issuance of
the temporary permit to the Federal
International Banking Company to
day places everything in readiness
For the organization meeting of the
new $7,000,000 concern which will
je held in this city on January 7.
' At the meeting of stockholders
here on that date a board of directors
will be elected, after which the direc
tors will meet and elect officers to
take charge of the corporation. It is
expected that as soon as the organi
sation plans are completed everything
will be in readiness for the bank to
begin to function at once.
Temporary omues iui me iicw nu
poration have been opened in this city
and are in charge of Haynes McFad
^en, of Atlanta and A. F. Jennings of
Mew York. Both of these bankers
lave been closely Tdentified with the
preliminary organization plans.
TOM WATSON WOULD
END PANIC FEAR
Atlanta, Jan. 2.?Thomas E.
iVatson, United States Senator
ilect from Georgia, announces :n a
:opyrighted statement to be publish
jd in the Atlanta Constitution Sun
lay that at the extra session of the
57th congress he will introduce a
>ill to make liberty and victory
jonds and other government war
>aper legal tender.
Mr. Watson has announced plans
or introducing bills to rorce the
ederal reserve and farm loan banks
o lend money diectly to individuals
-I xU ~ ?... 4.1* A
ma 10 require vnc ui mc ,
preasury to issue the unissued J1
;'reernbacks authorized by a bill 1
igned by President Lincoln. The
otal oi these authorized but unis- '
ued green-backs, according to the
Senator-elect, is $102,000,000. ]
Discussing his plan to make legal 1
endej* of liberty and victory bonds, 1
redit certificates, war saving {
tamps and all government obliga
ion paper issued during and since I
he world war as a remedy for :
vhat he claims is an existing "do- '
nestic crisis," Mr. Watson declare^ '
;uch action would have an electri- !
fying effect upon American busi
less life.
On passage of such legislation
VIr. Watson declared "all apprehen
- . u ? ?j:?
iion 01 a panic wouia as quitMy ujs- i
ippear.}
Regarding the nation's financial!
system Mr. Watson said he would
ntroduce bills to make it manda
tory under penalty for the regional
oanks to lend direct to farmers on
approved securities at an interest
rate not over five percent; to repeal
that, section of the farm loan - bank
act requiring,a group of ten Signa
tures to a loan and insertion . 6f a*
mandatory clause compelling such
banks to lend to an individual ap
plicant upon approved security
without the requirement of addi
tional obligators.
FINED $10 FOR
SETTLING A WAR
TIME GRUDGE
Norfolk, Va., Jan. 2.?Samuel
Berman, a New York salesman, was
fined $10 in police court today for
settling a ^war-time grudge against
his old company commander, ex
Captain B. R. Fink, of Norfolk,
with his fists. Alleged wrongs while
a private at Camp Lee were recited,
in justification for the attack on!
Fink, who was knocked down twice, j
Berman claims to have trained for
two years for the meeting. I
BUSINESS OUTLOOK
FINE SAYS PRESIDENT
STANDARD OIL CO.
Teagle Forecast# an Early Wave of
Buying if All Pull Together?
World in Need of Many
Things.
New York, Jan. 1.?"What's the
outlook for business?"
The question was put to Walter C
Teagle, president of the Standard
Oil Co. of New Jersey.
"Good!"
"When will business start to pick
up?"
"Soon?if we all stick to our tasks
and pull together.^
"What can the people, as a whole
do to speed up the return of business
to normal?."
"Think of optimism, talk optimism
act optimism." 1
"Just how will the end of the pres
ent depression manifest itself?"
"By a great wave of buying. The
vorld is in need of many things. It
simply is hesitating about investing."
"Why?!'
"'Purchasers always are conserva
tive about buying in a falling mar
ket."
I
"What will be the general effect of
today's condition on America's future
business outlook?"
"Americdn business is on too firm
a foundation to be disioagea oy tne
storm we're passing through."
"Just what will the world trade,
for which this country is, reaching
out, mean to us?
"The spirit of the age is the spirit
of commerce. And upon commerce
rests the responsibility not only for
the continuance of our national pros
perity and welfare, but for the devel
opment and maintenance of beneficial
international relations."
\ "What bearing will this have on
peace or war in the future?
"It is not too much to hope that
commerce, which we have seen as
the greatest of the causes which
kindled strife, will become the great
civilizer, the greatest of all our
peacemeakers.
"Whom do you include when you
say 'commerce.?'
"The smallest as well as the larg
est factors in our industrial and bus
iness life.'
"But just how large a factor are
the smallest?
"There is a place and there always
will be a place for both little and big
business?one is the complement of
the other. But it's upon the large
units of industry that the country's
development depends.
"Is it true as often stated, that
British oil interests control all the
world's potential oil supplies outside
5f the United States.
"They are far from controlling all
>f it.'
Teagle is a 'born manager." He
nanaged his 'prep" school paper in
Cleveland. He managed the football
;eam and two college publications at
Cornell.
At 33, aided and abetted by the
fact that his grandfather was Rocke
feller's first partner he had become
vice president of the Standard.
At 39 he succeeded to John D.
Rockefeller's job.
Teagle stands six feet two;
weighs 140 pounds; has a smile that
wins and a handshake that's crush
ing. His eyes are blue; his clothes
"quiet"; and he's a mighty good mix
er.
SOLDIER WHO CLIAMED
TO BE GERMAN SPY
GETS FIVE YEARS
Washington, Jan. 1.?John A. Wil
lers, a former captain in the army
who when arrested at New York on
December 7 claimed that he had act-1
.iM-'fi2- nowDoVv * Auti'fa GDrulnor I
with the American forces, has been'
convicted by court martial of deser
tion from the army and sentenced
to five years in the federal peniten
tentiary at Leavenworth, it was an
nounced today at the War Depart
ment. Willers still is to be tried on
charges of theft and embezzlement. [
mi., r ...u~ ?;j Urt i
xne iuriiier captain, wnu aaiu nc
had come to the United States as an
agent of the German government, is
charged with absconding with $5,000
of the funds of his company on De
cember 19, 1918. His company, I, of
the Forty-Eighth Infantry, then was
stationed at Camp Sevier, Greenville
S. C.
New York City recently had the
first merchant-marine exposition
ever held in the United States.
ITALIANS FEEL LIKE
LIHOOD OF REVOLUTION
HAS PASSED AWAY
Look Forward to 1921 With Much
Encouragement.?With Adriatic
Question out of Way She
Begin Reconstruction
Rome, Jan. 1.?Italians base high
hopes in international politics for
1921 chiefly on the settlement of the
Adriatic question. The government,
by its energetic action against the
d'Annunzio government at Fieume,
showed its earnest intention to carry
out the treaty of Rapallo, and thus
remove any cause for suspicion a
X. Ti._1 mi x! l 1
gainst iiaiy. ine nauonai nupes, iiuw
that the treaty has cemented Italo
Jugo-Slavia and Rumania to become
a kind of protectress of the "little en
tente."
Settlement of the Adriatic problem
will hare an even greater influence
on internal conditions. It will enable
Italy, relieved from the incubus of
an impossible situation to settle down
to the work of reconstruction. A
bove all, it will permit the cutting
down of military expenses, which
are now burdening the budget to the
extent of 10,000,000,000 lire annu
ally. This will automatically reduce
the amount of paper currency in cir
culation approximately 20,000,000,
000 lire, and decrease the deficit of
18,000,000,000.
In all branches of industry a errad
ual speeding up is evident, and it is
believed production will be augment
ed, which will result in increasing ex
ports and decreasing imports. This
would go a long way toward correct
ing the exchange situation, one of the
chief causes of the high cost of living
and the present unrest in the world
of labor. The labor situation appears
very hopeful, as reports from all
provinces show a great majority of
the working men are apparently anx
ious to settle down to steady employ
ment.
The faint possibility of a revolu
tion has been dispelled by the gradual
awakening of the constitutionalists,
who are burying all party feeling in
order to fight the common foe?max
imilist socialism and communism.
So certain are Italians of the healthy
state of their country that they are
making efforts to attract tourists, es
pecially Americans, who are invited
to come and see with their own eyes
that what is going on in Italy is evo
lution and not revolution.
The government is also desirous of
re-establishing friendly relations
such as existed before the war with
America, when other problems had
not clQuded the political horizon.
HOUSE CLEANING IN
STORE FOR UNCLE SAM
*
Shake-up in Federal Departments
One of Most Important?New
Foreign Policy.
Washington, Jan. 1.?With the
change of administration early m the
New Year will come the adoption of
a new foreign policy by the govern
ment, a shake-up in federal depart
ments, many new faces in congress
and a start on the legislative pro
gram which Republican leaders are
formulating.
Occupying a prominent place in
public interest will be the peace pro
gram of the new administration, in
cluding the formal ending of the
state of war with Germany and the
framing of new commercial treaties.
Tariff and revenue revision also have
front rank in the Republican pro
gram for the extra session which!
President-elect Harding is expected
to- call soon after his .inauguration.
Action by the present congress is
expected to be limited to urgent bus-|
iness, including appropriations for
next year, farmers relief measures,
jregi^ation of cold stor
age and, possibly, establishment of a
federal budget system, together with
preliminary preparation of legisla
tion for the extra session.
Legislation in prospect for the ex
tra session includes that dealing with
reorganization of the government de
partments, development of the Amer
ican merchant marine, revision of
Panama canal tolls, new army and
navy policies, disposal of enemy
alien property seized during the war
regulation of immigration and alien
land ownership, provisions for form
er service men and the ^tablishing
of policies for closer relations be
tween the federal government and
business and labor.
ci-i
L.egai tsianKs ior atue oeic.?
The Press and Banner Company.
CONTEMPT SENTENCE
fOR GENERAL HARRIS
Washington, Jan. 1.?A contempt
sentence of ten days in jaiT was im
posed today on Maj. Gen. Peter C.
Harris, adjutant general of the army,
by Justice Siddons of the district su
preme court for his refusal to pro
duce certain records in connection
with the selective service act which
were sought in Ohio divorce proceed
ings.
An appeal from the ruling of the
court that such records should be
produced was immediately noted by
counsel for General Harris and the
contempt sentence automatically was
suspended pending disposition of the
appeal.
General Harris said he had his
"field equipment" ready and was pre
pared to serve out the sentence if
necessary but added that he did not
expect to have to go to jail.
Justice Siddons in entering the or
der adjudging the general in con
tempt directed that should he decide
to produce the records sought before
the expiration of the ten days he
was to be released. The war depart
ment, however, is to make a test of
the status of draft records.
The record which Justice Siddons
ordered the general to produce was
an affidavit made by Mrs. Mary H.
Walsh in behalf of her husband, Hen
I?<'
EVANG1
SER1
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All Nej
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Chi
COUNTY SA>
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Save and
It is not what a :
what he save
sua
Our Christmas
the 21 with qt
members?the c
?Join today an(
sum each week
Tfrtll TAnll Qllt
yuu i
your deposits w:
County Sa
Sound :: Sa:
Abbeville,
?^WS</VWW>/WWVS'A>^WWWWWW,<^WWWW>
ry H. Walsh, before Walsh's local
board. Walsh is now suing his wife
for divorce and his counsel obtained
an order for the production of the af-.
fidavit in connection with these pro
ceedings.
General Harris contended that
President Wilson in the order pro
mulgating the selective service act
promised that certain information in
connection with the questionnaires
would never be made public and that
among this information was the phy
sical condition of the men examined,
matters relating to dependents and
additional matter or affidavits that
lriight be filed.
In view of this the general con
tended that he was stopped from
making the information'public not
only by the law itself but also by the
president's order which constituted a
"moral promise" to the wives and
other relatives of men called to ser
vice that information furnished r by
the men would be kept from the
public.
A NEW YEAR DINING
Mr. and Mrs. L. M. Tolbert enter
tained at a family dining at their
home on Wardlaw Street New Year
Day their guest being, Mr. and
Mrs. Jones, of Salak, and Mr, : and
Mrs. Spencer Purdy, of Greenwood..
The occasion was a pleasant one.
:ial
ELISTIC
fICES
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laptist
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Invited
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S. Carolina