The Abbeville press and banner. (Abbeville, S.C.) 1869-1924, May 02, 1921, Image 1
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Established 1844. $2.00 the Year. Tri-Weekly. Abbeville, g. C., Monday, May 2, 1921
FRENCH AND
row ti
ifvmti i \
s:
REPARATIONS AMOUNT GIVEK
TODAY WITH PLANS FOR COL
LECTION?-WILL GIVE;. GER
MANY TEN DAYS PERIOD
COMPREHENSIVE SCHEME
FOR SUPERVISION AND CON
TROl OF ENEMY'S RESOURC
ES OF REVENUE. '
v London, May 1.?The Britisl
and French governments hare reach
?d an agreement on how to deal witt
Germany to compel payment o? rep
orations and exact immediate guar
anteee. In broad outline, it is agreei
. that the allies will make a d,eclara
tkm tomorrow but not to Germany
_ They will announce that the repara
tions commission will notify Gar
many as to the amount she ia re
quired to pay and how it if to be p*?
together with the proposed finaneia
controls. The allies will then an
ntunee that within ten day8, this pe
riod being subject to possible modi
fication ivy ttte tnpitme cooncu u>
morrow, they will proceed to carrj
out the penalties if the terms ar<
not acceded to. ' J;v
The pW provide* for * compre
be naive scheme of supervision ant
control of Germany's sources of rev
enne. It la not pet completed, bu
while the expert* are still working
on it, Prance WiQ proceed with ?I
her military preparations for the oc
capation of the Rota TW Frenci
government witl tomorrow order th<
mobilisation of on* additional class
This is the general result of mi
agitated .day at conversations anc
conferences that seemed Ukely to enc
in sharo disagreement attonsr the al
v ? jc , ?. * " 1 - *p? ~~~ "
^?ee: $>* *&
about by t>e intervention Of the Bel
ftfao foreign minister, M. Jasper at I
' meeting of the' supreme council this
afternoon. The whole situation sub
ject will come up for discussion
again at another meet'ng of the cour
ci) tomorrow morning. Both aidet
feel that they measurably succeeded
in haying their policies accepted.
C The French nazUament is not In ate
N - '
s\on, so M. Bribed was able to ac
oept a.short time extension withoul
having to explain to the chambei
forthwith, while Mr. Lloyd George
has satisfied to some degree; oppos
ing Liberal opinion.
The French premier asked foi
British naval cooperation, suggesting
the blockade of Hamboarg. The Brit
ish prime minister replied thai
American pabjic opinion would no
approve of such * coarse and h<
??- ' - -
(Continued on Page 8)
FORCES OF
MAY I
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Forced at H*?u? Setoioi
Aeti? Taba la Co?mitt?1
of Whale aad Aeatlar Vole
v s; May F?U*v.
u i tt_i j:
wwinfwn, nay a.?noiuicg t
?oiid front against * Republican aplil
jPwotntt forced through the house
today an amendment to the army ap
propration bill cutting: down the en
listed force to 160,000 men. The
Kahn proposal for a bigger force
'v never got to a vote.
The bill as approved by Secretarj
Week* made provision for 168,00C
men, or 12,000 more than the num
ber fixed by the measure passed lasi
session and vetoed.
There was no certainty, however
' that the 160,000 figure would stanc
for the vote today was in committee
of the whole and the house may de
i&and a separate vote on the amend
ments in passing the bill next week
Tn? amendment lor reanct:on 01
the enl'sted strength to 10,000 the
lowest figure suggested in the long
debate, was offered by Representa
tive Byrnes, Democrat, South Caro
. ' ' i * ~ t
B.M. I BOY I
HERE J
^fill Camp on M<
From Wednes
Until Sa
The cadets of Bailey Military In
stitute at. Greenwood will come to
BRITISH
)
INE
LKOUT
Opposing W?|6 Cat Ordered by
Beard?Strike not Celled Bet
Uiiou 1b New York Re*
ject Redaction*
' Washington, May 1.?While re
ports to both the shipping board and
representatives of the marine work
ers here today indicated that some
workers are walking oat rather than
accept. the wage of 15 per cent
which became effective at midnight
last night. Secretary Davis con
ferred with anion heeds on the wage
controversy which threatens a gen
eral tie up of shipping at Atlantic
Pacific *ndxCulf ports, but without
apparent definite result.
\ Inasmuch' as the onions have re
packed that a wage commission be
appointed by direction of President
Harding to adjust the dispute and
shipping hoard oflkials have, said
. they would follow the wishes of the
1 president, it was said tonight that
".the nej?t move would perhaps come
b! . ii... .u.
4*VUt UIU OUI^f
, Some confusion ?m apparent to
' night regarding like Appointment of
* a commission by direction of the
1 pneedent to decide tbe controversy
s as requested by ankA heads. At tbe
WWte Hooae it,-was reiterated that
1 tbe oiatter bad been placed by tbe
I president entirely in tbe bands of
' Secretaries DavisSnd Hoover.' *
At the department of labor, how
; ev?r, it was, said that Secretary
* Davis bad not been 90 informed by
1 tbe president and it was indicated
( that tbe matter was stifi in tbe band
of tbe president so far as tbe ap
1 pointment of a commission -was con
' cemed Secretary Hoover, commerce
1 department officials said, has as yet
' taken 110 etep in the matter. Union
- heads declared thotVfcbey also were
' without information as j to what ac
tion the president had taken in re
' sponse to their request.
MEMORIAL DAY DINNER
The local chapter of the Daughters
of the Confederacy are preparing
f for the usual dinner which is always
- served to Confederate Veterans on
- Memorial Day, May 10th. This din
t ner will be served at the home of
5 Miss Maggie Brooks. A program for
the Memorial exercises will be pub
liehed in Friday's piper. ,
ARMY
BE REDUCED
f}'-: '? ????
f llna. Only two Democrats opposed
it and many Republicans gave it
their support. The vote was 109 to
82.
The house previously had adopted
aa ? buusutuw: lwr tuts Mun piv
1 posal an amendment by Representa
tive Fish, Republican, New York for
! an army of 156,000, but the Byrnes
amendment went through and wiped
it out
5 Representative Mondell, the Re
publican leader, inclosing .debate,
urged Republicans to stand by the
1 bill as framed by the appropriation
* committee with its enlisted total of
' 168,000, but many members of his
1 party deserted h'm as the march was
started down the aiBle for an actual
? count.
' Chairman Kahn of the military af
' fairs committee pleaded for at least
175,000 men. declaring the times too
" troubulous for wholesale slashing or
forces. Representative Wood, Re
l publican, Indiana, taking issue with
t the Californian, insisted that if the
; world was on the verge of a fire a
few thousand extra men could not
put it out.
Abbeville Wednesday afternoon and
will make camp here until Saturday
morning. The camp, v^ill number
about two hundred and sixty-six
men, officers and members of the
faculty* The camp will be made on
the Gary lot on Magazine street and
water and lights will be furnished
by th* city., . .
The Bailey people come here. at
the invitation of the Chamber oi
Commerce and the City Council and
they may expect a warm welcome
from tiie town in general.
The boys will get a taste of sol'
dier life for they will march from
Greenwood to Abbeville had will
spend "Thursday and Friday in camp.
The cooking outfit for the camp
will be sent on ahead and a house
on the Gary lot will be utilized as a
Movement Takes Long Step For
Director of War
Finance Corporation Eugene Mey
er, Jr., in Conference at Afianta?
Promise From Meyer.
Atlanta, May X?The movement
to expedite the export of 'American
cotton took a long step forward to
day in the opinion of more than ,100
representatives, exporters, and finan
c era who discussed the situation
With government officials and were
promised by Engene Meyer, Jr., man
aging director of the war finance cor
poration at Washington.
For one thing-Mr. Meyer promised
to recommend to the corporation
that credits be extended on bona fide
sales'Of cotton at interior points for
export, instead of while it is at ports
for exports as at present. W L. Clay
ton, a cotton exporter' of Houston,
Texas, in making a plea for such ac
tion, declared it would "render in
valuable aid to exporters."'
The proposal that the government
arrange to insure exporters against
.oss from wars and revolutions in
foreign countries also was discussed
and a committee wu appointed to
take up this and other proposals with
government officials. The committee
*411 meet in Washington May 9 for
x conference with the war finance
corporation to develop a plan of Ac
tion.
Washington, May 1.?A bill au
thorizing the federal reserve board
;o loan from its accumulated interest
fund the sum of $50,000,000 to the
federal farm loan board for aiding
the farmers was introduced today by
Representative Brand, Georgia. The
money would enable the fanh board
to taite care 01 loans itueauy op
proved and applications now pend
ing.
A VISITING PREACHER
Rev. Henry Rresely preached to
the Associate Reformed Presbyteri
ans Sabbath morning. Mr. Preasly
always has an interesting discourse
and Sunday morning was no excep
tion to the rule. There was a large
crowd present, many of the Presby
terians worshipped with the Sece
ders.
Rev. Preesly is pastor of the first
church art Tampa, Fla., and is in Ab
beville on his way to Presbytery and
Synod.
5 COMING
OR OUTING
igazine Street Lots
:day Afternoon
turday
v 1 ?'? V . 1
Okitchon. During the visit of the ca
i det3 there will be two games of balf,
I nno HonAa Path and one with
Belto :t.
There will be different entertain
mentii offered the young men while
in Abbeville, plane for which are be
i ing made now,
Mr. Barnes," secretary of - the
Chamber of Commerce, and a com
mittee of ladies are arranging to
sprve tea and sandwiches to the ca
dets on their arrival at the camp
The young girls 6i the city are in
a flutter of excitement, over the
i coming of the cadets and, no doubt,
matches which have hot been thought
of in Heaven will be worked up in
< Abbeville Thursday alid Friday.
! The Faculty, the. officers and the
r young men of the cadet corp will
i receive a warm welcome fmm our
people and during their visit the
, town will be tamed o?er to tieac
RESOLUTION OF KNOX
is AnnPTFn ry
Plan . of Htrdisg Admini*tr*tion
SUrtod on Way?T<nrai?d Ef
y fort, EncU in F?ilar??Final V?t<>
On RnoIvumi Forty-nine to
TweatT?tbTM.
V V __ '
Washington, April 30.?The ad
ministration's first step towards plac
ing the United States on a technical
legal basis of peace was taksn to
night by the senate in adapting the
Knox peace resolution.
Before the pref/aration for a vote
by the senate tonight on the Knox
peace resolution an amendment was
introduced by Senator Town send,
Republican, Michigan, proposing to
substitute for the provision repeal
ing the declaration of war a simple
clause declaring peace.
Senator Townsend argued that it
was unnecessary to repeal the war
declaration and pointed out that the
repeal plan had been attacked vigor
ously. He therefore proposed as a
substitute clause "Providing that ths
state of war declared to exist -by
congress on April 6, 1917, between
the imperial German government
and the government and people of
the United 'States of America is
hereby declared at an -end." .;
Senator Townsend'a amendment
was defeated 26 to 44. It was sup
ported oaily by the Democrats and
three Republicans, Senators Nelson
of Minnesota, Sterling of South Da*
kota and Townsend.
The vote for adoption of the
resolution was 49 to. 23.
Three Democrats voted for the
resolution and although no Republi
can voted against it, Senator' Nelson
of Minnesota ]>aired against it. The
Democrats voting for it wer? Sena
tors Myers, Montana, Shields, Ten
nessee and Watson, Georgia. Two
others, Reed and Walsh, were an
nounced as favoring the resolution.
The resolution now go>w to the
house with prospects ot prompt ac
tion there. No change was: made by
the senate in the Knox resolution as
reported by tlie foreign relations
committee. ?It would repeal the war
lesolutions affocting Germany and
Austria-Hungaiy, impound alien en
emy property and remove the United
States all righla and privileges un
der the treaty of Versailles and oth
er peace treaties.
An effort to amend the Knox reso
( Continued on page 8)
BUSINESS REC
GAINING
i ?!if ,
i ? 0
rniuiniiin Mnnt/ro Is
LuUllUmlu ItIUIIilO
Former Ambassador Depredates
Tempor of Debate on New Note
Seat By Germany to V,
Washington. ' 'r .'.'V
V
Berlin, April 30.^?Criticism level
led at the German cabinet's appeal
to ]*resident Harding in the repara
tions question was calculated to
weaken still further the\posftimt
German diplomacy abroad,declat
Count-yon Eernstorff, formgr-am
btss?dor to the United States, in his
maiden speech before the Ke&hafca#
yesterday. Supporting the Gefraari
note to Washington, the 1 former
ambassador deprecated the temper
of the debate. 1
"The Democratic party to which I
krctviigy wo ?wo wuvwuywn
with profound regret the discussion
going on in this parliament yester
day and today. At a time when the
fatherland is in dire stress, when we
are immediately threatened with the
greatest coercive measures, we are
indulging in Seated partisan discus
sion instead of realizing national
unity, which alone will enable as to
overcome the menace with which we h
are confronted.
Amaric* <Hat Economic Motives ' -
"The United States is actuated
chiefly by economic motives in its
treatment of European problems. A
merka cannot possibly be interest
ed in seeing Germany dismembered
or deprived of r territory which -is
now coveted in the westerti quarters
of Europe. To expect! far Teaching
political aid from'the United States,
I believe, would be an error. The
present issue, however, is not pure
ly political, but it involves the prin
ciple of finnly re-establishng the
solidarity of the interests of all na
tions." '
"Proof of this may be found," he
continued, "in prevailing world con
rm.i. tt.u.j
uifciiMia. jlxkj uiurcu ou&wes is over- o
stocked with raw materials, which b
we need badly. The thought of soli- If
ditary of nations however, involves 1
the principle that the negotiations n
be conducted on * basis of equality.
The imposition of the penalties with
which we ?rp threatened would be
tantamount to a resurrection of the
state of war. Under these; conditions
we feel we were justified in making
J
' ( Continued on page 8)
GOVERNMENT
IS TO Bl
. " " o
MjiIL? ir.u^ pi., i. u.^ Ui
tiona?Secretary of Trmury to
lime CortiSoate* to Coror
Victory Note*
Washington, May 1.?Plans of the
treasury for refunding the govern
ment's rhort term debt, including
tlie Victory notes, into treasury cer
t'ficates of indebtednes maturing be
tween 1925 and 1928 are outlined by
Secretary Mellon in a letter tonight
to Chairman Pordney of the house
ways and means committee.
Including the Victory notes, ap
proximately $7,500,000,000 in gov
ernment securities fall due within
the next 30 months. These, Mr. Mel
lon regards as a lump, and his pro
gram contemplates the issue "from
time to time as market conditions
? i-i;
are lavurauic ui cciniituica ui ha*
debtedness carrying over the ret're- a'
menl of such as are necessary to the in
date of maturity of the third Liberty
loan. ai
"This program," the treasury head j *?
adds, "will make the short dated j ?
debt more manageable and facilitate'
:overy
MOMENTUM
m
j
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??? -:L
URVEY FOR MONTH OF APRIL m
INDICATES BETTER TONE
OVER THE COUNTRY?JIE
TAIL PRICES STICKING POINT
PRE-WAR LEVEL IN . SOME
COMMODITIES. TRANSPORT A- ;
TAT ION COSTS AND LABOR
RETARD
51
-rA
Washington, May 1.?Retail prices
ppear to be the "sticking" point in
tie country's readjustment process,
tie fedeiid reserve boaw( said. ;:tb
ight in a general review of business-1
nd financial conditions for April,
ither factors, retarding Teadjust
lent were Said to be transpor
ation charges, wages and coal and v
nd steel prices, .
Complete business recovery, the. ,
card continued, has been slower
liati was predicted generally and ex
ectatkms that this, spring would see,
wine* readjustment >M* ?*- '
teted have not been realised. <Nev
rtheless, it added,' the. month of
ipril has given evidence of an im
roved feeling developing with re
ard to business ,and the outlook gen
rally- J ' ' -
Retail prices, the review opntinu
d, had been the pivotal point in the
ashless situation once the reces
ion movement began last Autumn
he flail in wholesale prices, wMeh'-*:;
as been continuous and * at times
_
reapitate, it declared, appears to ;
e in a process of arrest, they Ijav-r V j
ig shown a greater degree of:
iKty daring April, i
. Extreme uaeyeimess in price re-?
uctions, however,, the board at
i one of the striking features in the '
resent industrial situation. While
1 many important lines of wivote
ile trade pre-war prices exist, in
tker lhu? commodities are betag
>ld at twice or even more than
vice the 19IS values. The same un
treonea* exists, the board explain
d, between raw materials andthe j
nished products in the same fc
ustry. v
While raw cotton, the board de
lared, is lower than the 1913 level
nd wool is about a third higher than
efore the war, cotton goods are at .
>ast 20 per cent, higher than in
913 and woolen cloth is approxi
lately twice as high as the pre-war
( Continued on page 8)
THE COTTON MARKET.
Cotton advanced a little today
and good cotton was bringing
11 1-2 cants on the local ntrlut.
Tkkre wai little aBmrnd for *a1?l
=-=======^^
DEBT
4
J .1 \EmJM
im'''
tie refunding operation^ which will
ft necessary to connection with the
laturity of the Victory notes."
The treasury can expect to reduce
:e outstanding short term debt
bout $1,000,000,000 before the
hole amount.matures, Mr,. Mellon
tys. He adds that substantial prog
ss has already been made in that
irection through application of sal
ige receipts and minor surplus tax
ites, but any program for retiring
it debt must prepare the way for
irger operations than have been the
lie in the past.
No change, in the treasury's policy A
: issuing certificates of indebtedness
meet current requirements is an- 4
cipated, the secretary says, adding
tat he proposes to sandwich in be
veen the regular issues such offer
gs of certificates as the market will
jsorb in carrying out the refund
g operations. '
The government debt in both loaf
id short term securities amounted
$23,365,510,000 March 1, a state
fin
,
( Continued on page 8) ;
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