The Abbeville press and banner. (Abbeville, S.C.) 1869-1924, April 05, 1922, Image 1
FOR AGRICULTURE
THAN THREE HUNDREI
(MILLIONS IN LOANS RESTOR
INC CONFIDENCE-^WAR FI
&ANCE CORPORATION CUV
INC AID
Washington, Apr. 4.?In efforts tc
id stricken agriculture, the wai
[nance corporation, at the close oi
xess Marh 31, had loaned oi
rernment moneys, $22,825,6J|7.15
/W 4.U-4. *9.1 A 1R7
Vi buab cuuvui
"> T-?- -j?
ras loaned to banks with the specific
Understanding that the amount
>uld go immediately and directly
agriculture; to farmer organiza
cooperating with the war fi
lance corporation, $58,387,816.10
|as been loaned. For export pur
roses?for the movement of cotton
(nd grain?the corporation has ap
red loans amounting to $50,250,
[20.03.
According to Dwight F. Davis,
[Ctsng managing airecror ui uw
Tar Finance corporation, the coun
ts financial condition is respond
to the extension of/ Such gener
ous credits. He makes the following
ic statement:
-"Marked improvement in the con
tpon of the agricultural industry
a better outlook for business
generally is indicated -by the Apriu
I reports received from the agen
|ies, of the War iFinance corporation
aughout the country. Live stock
producers and fanners generally are
rted much more confident be
of improved market and finan
cial conditions. A strong demand
tor cattle has developed with buyers
Keratin, actively in the markets,
eep and lamb?markets >-have con
inued strong. Increased values for
logs, com and wheat at country
loints in the corn belt have en
:oursged the farmers and they are
mtering into their spring work with
nore zest.
*Xrood rango conditions for the
rammer' are already indicated in
tome states, and the drought has
>een broken in the Southwestern
wheat region. The growing feeling
is possible to market sugar
ctfrn, rice, and cotton on a paying
nas grveii a uoui>uiui i>vuv, w
juainees.
"Financial conditions have great
ly improved as a result both of im
proved markets and better arrange
lts for financing agricultural and
live stock operations.
"Bank deposits have increased in
ly agricultural communities, and
i country banks are generally in a
itronger position than they have
?en for a long time. '
'?est of all?confidence is re
ling and with it the x trend of
Ibiutiness is toward a restoration of
[more normal conditions all along
Ithe line."
PLEAD "NOT GUILTY'
[AlQertcap Cotton Exchange Di
rector* in Co?rt
Wew York, April 4.?Six directors
of the American <Jotton excnange,
who were indicted last week for al
leged bucketing practices today, en
tered pleas of not guilty before
Judge Rosalaky in general sessions.
They were: George W. Pratt, secre
tary of the exchange; Randolph
ftoae, vk? president; Angelo T. Jen
nings, Raymond^ Palmer, Edward
Batten and Martin Goulko.
Judge Rosalsky granted a re
quest for coansel for the accused
thikt they be given two weeks in
which to withdraw their pleas if they
so desired.
The cotton exchange itself,
although indicted as a corporation,
did not plead today. Counsel for the
exchange indicated to the court that
a written plea would he entered,
prifbably tomorrow.
COTTON MARKET
jflotton remained steady on the
Vote*} .market today at 17 3*4 cents.
CONGRESSIONAL ,
! MOVE TO END STRIKE
> CHAIRMAN NOLAN OF HOUSE
LABOR COMMITTEE AUTHOR
IZED TO TELEGRAPH INVITA
TIONS TO ATTEND MEETING
IN WASHINGTON NEXT WEEK
> Washington, April 4.?A congTes
.eiftnol AflP<vrf of oot+lomflnf nf thp i
coal strike, particularly as it in
' volves the bituminous fieWs, was bo- <
. gun today when Chairman Nolan of '
! the house labor committee was au- '
: thorized to telegraph Invitations to
; a number of representatives of op- '1
' erators and officers of operators' as- <
sociations in the central competitive
- coal field to attend a meeting with <
i the miners' union leaders in Wash- i
ington April 10 and attempt to reach i
> an agiraement ]
At the same time Senator Borah '
'('Republican) of Idaho took occasion 1
to say in the senate that "drastic ^
public action" might be d&nanded ]
> and to charge the operators with 1
contract breaking in precipitating 5
the strike, *
A possible divergence between the ^
views of members of congress and *
those of the administration, how- 1
ever, was se&n when Attorney Gener- ^
al Daugherty issued a statement
that "the government is not under- *
taking to do anything in the present
situation of the coal matter." de
' ><
claring that "men have the right to
quit work and men have a right to i
employ other men," that the public
was not menaced with coal shortage <
and that it-was the duty of local *
authorities to maintain order. * 1
The government would not look <
with favor ( upon coal price in- ^
creases, Mr. Daugherty said, adding k
that he "saw no reason at 'this time ^
to believe that , diaprder need be ^
feared," assenting that the govern- ?
meat "will perform whatever may j
be its duty in the premises," if local -
and state agencies can not maintain
peace.
The house committee action came j
after ita members had spent two
days listening1 to discussion of the j
strike from the miners' viewpoint by j
' John L. Lewis, president of the
United Mine Workers. Mr. Lewis as- r
sured the committee he would ad
vis? his associates to negotiate with ^
any "representative group** of oper- ^
stars from the central field, which in- ,
eludes Illinois, Indiana, Ohio and j
western Pennsylvania, even though j
not all of the operators couM be in
duced to deal agaip' with the union. r
he insisted would not and cpuld not
sett!? the dispute in other states
until this basis had been established
for a national wage level.
The committee decided to appeal
direct to the representatives of oper
ator's groups in the states named
and Mr. Lewis declared tonight it
had "put forward a proposition
worth considering."
SERVICE OFFICER VISAN5KA
Ernest L. Visanska has been ap
pointed service officer of the Char
leston Post ?f the American Legion
to succeed Mr. E. W. Middleton.
This announcement has been made
by CoL Harry O. Withington.
(Mr. Visanska was former adju- ?
taut of tbe Charleston post and has
been active in Legion affairs since
the organisation in 1919.
Mr. Visanska is an Abbeville man
I 'by birth and aews of bdaors con- ;
i ferred on him will be read with <
, pleasure by the people here. 1
DEATH OF MRS. S. F. TODD 1
Miss Esther Todd was called home 1
; yesterday on account of the serious
, illnes of her mother, Mrs. S. F. Todd
of SimpsonviHe. Word was received
in the city today of the death of
Mrs. Todd at 6 o'clock this morn- (
ing. Miss Todd has the sympathy of i
the people of Abbeville in her be- t
reavement. (
ABBEVILLE SCHOOL \
TRUSTEES MEET
1
TO CONSIDER FINANCIAL SIT- C
UATION OF CITY SCHOOLS.
TRUSTEES CALL MASS MEET
ING OF CITIZENS OF DISTRICT
FOR FRIDAY 6 O'CLOCK
A meeting of the Abbeville
School District Trustees was held pi
Monday afternoon at 6 o'clock in the pi
:i -l 1 o 1 ?I n/
council cuamuer. oevcuoi ic^icstuw- w.
tive business men were present, hav
ing been invited to meet the iboard.
The object of the meeting as stated
by Chairman W. M. Barnwell was to
consider the ways and means of
raising sufficient revenue to take
sare of the expenses which the
school will have another session. It
is generally known now that the
present income will not finance the
school for the session 1921-1922 and
;hat some other arrangement will
tiave to be made to complete- the
ninth month of this sessioij. Next
session matters will bp in worse
ihape financially, as for several
^ears past the surplus of the sinking
fund provided for the retirement of
he old graded school bonds has been
mrned over to the board to help
jay current expenses. This amount
Mas equivalent to the income from
;wo mills special tax or abo^t $3,
300 a year. But these bonds matured
March 1 of this year and therefore
/he board will be short this amount
51 money in ine iuture.
After considering the question
carefully the 'board of trustees voted
o call a mass meeting of the citl
sens of the district to <bs held in the>
:ourt house Friday afternoon at 6
)'clock and give public notice of the
needing urging'every citizen, male
md female, interested in the Wel
fare of the Abbeville schools to at
gnd and take part in working out
t solution of the problem facing the
>oard of trustees and patrons,of the
tchools. '
The budget of the income and
ixpenditures for next year is ap
>roximately:
income for Support of Schools
jVom all taxes -I $19,985
rrom State add high
school 2,500
rotal income estimated $22,485
Expenditures For 1922-1923
salaries white schools $21,395
salaries colored schools? 2,365
insurance and Fuel 1,000
fanitors (3) 450
incidentals, plumbing re- -s
pairs, etc., 500
Total estimated $25,710
it
B
FAILURES OF MONTH
Report Made of Basinet* in March,
1.921
/ k
(New York, Apr. 4.?Business
failures in the United States during
ftarch increased in number over
;hose of March, 1921, but decreased
n the total amount of capital in
volved, said a report issued by Brad
itreet's.
There were 2,307 failures for a
?tal of $57,613,590 last month as
igainst 1,500 for a total of $68,
398,350 in March, 1921.
(For the first quarter year, there
vere 7,111 failures of $230,219.07
is against 4,933, failures for $222,
768,120 in the same period of 1921.
GOES TO ATLANTA
Dr. Jack Pressly Accompanied Mr.
r. M. Ward to Atlanta yesterday to
consult a specialist. Mr. Ward has
>een ill for sometime and his recov
ery has not been satisfactory and it
vas decided to take him to Atlanta
vhere he can receive special treat
nent.
CHEAP MONEY
The Farmers Bank of Abbeville
Uounty has loaned the County of
Abbeville $20,000 at 3.45 per cent.
;o be used for the County Supervis
es work.
E
ONFERENCE REPORT PRECIPI
TATES SHARIF DISCUSSION.
WILL NOT PAY THIRTY-FIVE
THOUSAND DOLLARS EACH
TO FOUR MEN.
Washington, April 4?The house
lit its foot down firmly on a pro
Dsal today to pay salaries of $35,
30 to four shipping board officials,
fusing by a unanimous vote to aji
rove the conference report on the"
[dependent offices appropriation bill
hich would have authorized pay
ent during the coming fiscal year of
dories of between $11,000 and $25
)Q to six employees in addition to
te four who could receive $35,000.
After a round of criticism of the
impromise limitation the conference
sport was recommitted to the house
anagera with instructions to insist
i a provision that no salaries in ex
iss of $25,000 be authorized.
Expressing the hope that congress
ould tell the shipping board it
ould have to get along without four
J5,000 "beauties" Representative
ralsh (Republican) of Massachusetts
iclared that while th4 board had a
serous tangle to unravel" it had
j problems to cope with greater than
tose handled by the cabinet.
"Yet you propose to pay salaries
racticaHy three times that of a cabi
it official," he asserted, Addressing
epresentative Good (Republican)
: Indiana, in charge of the confer
tee t report.
Itepresentative .Mann (Republican)
r Illinois said the compromise would
ve to four men a higher combine^
lary than 1ha$ of all cabinet mem
?rs. Congress, in his opinion, is not
?tified in paying $35,000 to-any one
the government service short of
e president. ' 7
Representative Harrison (Demo
at) of Virginia told the house he
/d refused at ,a conference Uf sign
e conference report beoause of his
ejection to the agreement as to sal
ies. Representative Byrns of Ten
issee, ranking Democrat on the ap
opriations committee, also criticiz
1 the salaries compromise.
MR. E. J. ADAIR HERE
Mr. E. J. Adair of Clinton was in
bbeville today at the Adair De
irtment store. Mr. Adair expects a
sw line of goods in, which he will
11 the readers of the' Press and
avvncvt* oKa11+
WILL TRYV POTATOES
reenwood Farmer* To Avert Wee
vil Menace
Greenwood, Apr. 1 4.?A" potato
iring hous? with a capacity of 10,
)0 bushels will be opened in the
*ond story of the Greenwood
ruit company, President J. W.
radford has announced. The pota
house will >be only one of a num
it of houses to be opened through
it the county to take care of the
rgest acreage of sweet potatoes
rer planted in this section.
Farmers are turning to the sweet
>tato industry as a means to rneet
<g <boll weevil conditions. In a large
unber of communities, cooperative
>tato houses have been built and
irmers are planning to ship pota
es m targe quantities.
OUNTY DJ RECTOR'S MEETING
J. F. Hill will go to Columbia to
orrow to attend a meeting of the
ounty Directors of the Cooperative
arketa^ig plan. Mr. Hill is greatly
icon rased over Abbeville County,
id says the farmers are "signing
right along.
MAGISTRATE'S COURT
Mack ,Bell from Anderson County
as up (before Magistrate MeCombs
jsterday for enticing labor under
>ritract. He was fined twenty days
$25 and took the time. pc
ANNOUNCEMENT IS MADE TO
DAY THROUGH TREASURY
DEPARTMENT?INCOME AND
PROFIT TAXES SHOW A BIG
FALLING OFF
LI
Washington, April 4.?A decrease
f $334,000,000 in the public debt
uring March was announced today
y the Treasury.
On March 31 the public debt stood
t $23,144,616,-493 as compared with
23,478,667,'78,9, on February 28
nd with $23,438,984,351 on Decem
er 31, 1921, the end of the previous
uarter. > - "J
Income and profit taxes > during
larcji totalled $393,382,045 as cora
tared with $727,>543,64 9 for March
f last year while for the fiscal year
o date collections from these
ources totalled ,$1,711,633,748 as
gainst $2,480,481,840 during the
orreaponding period of last year.
Ordina*^ receipts of the govern
xent during the month aggregated
550,757,683 compared with $921,
27,602 in March of last year and
rdinary expenditures aggregated
325,95(4,928 as against $536,476,
60 during March 1921.
For the first three quarters of the
seal year ordinary receipts were
3,232,000,000 compared with $4,
55,000,000 during the same period
year ago while ordinary { expendi
ng - totalled $2,577,000,000 as
gainst $3,784,0>00,000 during the
ret three quarters of the previous
seal year.1
in;
th
nc
on
at
Fr
th
Public debt receipts for March to-j di<
tiled $1,368,440,355 compared with'tii
891,017,911 in March of last year! rv
ad public de?bt expenditure* for the I ac
Loath ware $1,702,091,051 ad: er
jainst $962,508,242 in March of
m. S
Public debt receipts for the fiscal
sar ti date aggregated $4,529,000,
DO compared with $6,263,000,000
j ring the same period last year,
bile public debt expenditures for
te period aggregated $6,362,000,
)0 as against $6,573,000,000.
The decrease in the public debt
uring March, officials explained
as accounted for mainly by the re
emption of $530,000,000 worth of
jrtificates of indebtedness while
nly $260,000,000 of theee securi
es were sold during the month.
IEYEJR AND LEAPHART NAMED
Washington, Apr. 4.?The presi-|th<
ent today nominated J. D. Earnest
[eyer of Charleston to be attorney
>r the Eastern district of South
arolina and Sam J. Leaphart of
exington to 'be marshal for that
istrict While Senator Dial haa
iade no comment it is understood
iat he will not object to their con
rmation. Senator Smith is absent
nd his views axe not obtainable,
oth men are well known to mem
ers of the house, these members de
aring that neither is an original
dyed in the wool" Republican.
SON BILL A HERO
Son Bill is a hero now. He ha? a
lack eye* While gathering in the
>ng drives in batter's practice Hon
ay afternoon Bill undertook to
eat" up a fly ' just at the point
her? another ball was falling. The
,tter hit Bill squarely in the face
nd pot him out' of the game for a
iw days. It seems to the people at
ome that he is more anxious to get
ooWftAt Ia c)iav Vria pva than
(k
ch
mi
W(
to
atl
tic
pr
It
wc
ist
fid
d*
wi
wi
Or
te<
stc
pr<
E?VIV W BWW4 W# ??w .?
e is to look at books.
TAX NEWS
No taxes were paid in the month
f March. The penaty for April is
per cent and for May 6 per cent,
rom June to September a penalty
f 8 per cent will be charged. Road
ixes have closed.
Seven billion cigarettes were im
>rted into China last year.
. . - ... -a' - >.
3 USE OF COMMONS
GOVERNMENT'S POLICY
COMING ECONOMIC
ENGE AT GENOA BY
JORITY OF 278,
London, April 4.?The
mmons tonight after
bate adopted (by the .
ajority of JJ78 Presni
sorge's resolution calling
lence in the government's
i the,coming economic conference'
Genoa. The v<>te was 372 to 94. ,
Prior to this the house by a vote <
; 379 to 84 rejected an amendment
oposed by John Robert dynes, La- -t
rite, which, while approving an in- - ; vJ
rnational economic and financial iJfT
inference, declared that the gov
nment was not competent to repre- /?.'
nt the country at such A confer
ee and did not have the coffli& {;
?Ce of the country. ' \
The result is regarded as exceed
gly satisfactory for the prime /J?
iniater as the combined l^borites ' f\
id Independent liberals number
out 100 and the "die hards"
out 50, all of whom might have , A
ten expected to oppose the pr&
ier's resolution.
? - ..v
The prime ministers speech invit- v- :?|
g parliament to vote confidence Sp '-f!
e government's Genoa policy was , \
iteworthy inasmuch as it touched ;
ily lightly upon the political crisis
home and because it indorsed the, gf|
ench policy toward Russia,
ough Mr. Lloyd George himself
jplayed much sympathy for an en
ely conciliatory attitude toward'
issia and-further, in that it sought
commodation with the Soviet gov
nment, lest iby waiting H'might
entuaHy be necessary to deal with
still more irreconcilable of mili
ristic regime, which might em
ail the whole of Europe.
While emphasizing that nothing
old be gained by waiting for the
erthrow of the Soviet admirii
ation the prime minister accepted , V-|
? French standpoint, demanding
arantees with respect to Russia's lii
bts and obligations and stipulating :' ^
period of probation of six months ,
a year,, but less if Russia gave the
cessary guarantees, before full t $:
:ognition was accorded. The pre- 5
e?r indicated his belief in the in^
icerity of_ the conversion of [;
kolia Lenine and the Soviet to a ?
uted form of communism. Perhaps , *
i most interesting of Mr. Uoyd
xjige's proposals was that ex;
ange should be stabilized at dome
iintainaible rate, but no details
ire given as to how he proposed
effect this except that.it might {be
tained by some form' of interna
mal cooperation and pressure.
The debate which followed the
emier's speech was rather tame,
was early realized that there
>uld be no breakway of the Union
s which would endanger the con
once resolution, hence interest
rindled until division was taken.
O
CHARLIE ARMOUR LEAVES $
Charlie Armour, who has been '
th B. T. Cochran and Company, ^
11 leave Abbeville tomorrow for
eenwood and will become aesoda
1 with the Piggiy-Wiggiy chain of
res of which Mr. A. W. Allison is . i
eskient.
Mr. Armour ?rpects to learn the
siness in Greenwood and will then
sent out to take charge of one of
; chain of stores. The people of (
ibeville hope he will eventually be
it J>acK t? Aooerae w> open up
?h a store here.
BASE BALL NEWS
Aibbevill? High School and the
aboard Shops played a practice
tne of base ball yesterday oa
senbeig field. A good game was
lyed from ibeginnng, standing 10
11 in favor of the High School
the finish.
':u . .