University of South Carolina Libraries
Liberty War Bonds What They Are? I Liberty War Bonds are issued by the United States Government for the pur- 1 pose of financing the war in behalf of Liberty and Humanity. 1 The Bonds will be dated June 15, 1917, and will not be redeemed before June I 15, 1952, or after June 15, 1947. They will bear interest at the yearly rate of 3 1 2 I per cent, payable every six months, and will be exchanged for bonds bearing: a 11 higher rate of interest should any following issue carry a higher rate. I Liberty War Bonds are issued in two classes?Bearer Bonds and Registered 1 Bonds. Bearer Bonds, which are issued in denominations of $50, $100, $500 and | $l ,000, have interest coupons attached which will be accepted bv any bank when g the interest has been earned. The interest on Registered Bonds will be paid by the I Government by direct check to the owner. 1 When due, bo*h the principal and interest will be payable in United States 1 gold coin of the present standard of value, and neither the principal nor the interest I will be subject to income tax. - I! Liberty War Bonds will be issued either to the purchaser or in favor of anyone I the buyer may at any time designate. 9 Why You Should Buy Them? I The purchase of Liberty War Bonds is the surest way of doing your part to 11 end the war quickly and honorably With the money obtained through them your K Government will equip our own armv and nnw. fnrnich etir?r?i;<?c ah;?o ! J f WU|/|/IIVI) IVf VUI n liu H for three years have been heroically fighting our battles. g Without money men are useless, supplies are unattainable, the war a lost B cause. Liberty War Bonds therefore furnish a form of highest patrotism?for ALL. 1 If you are not going to war yourself, buy Liberty War Bonds to equip some I one else who is going. If you're sending your son, buy Liberty War Bonds to support him. If you have no son to send, buy Liberty War Bonds to help the other man's son. If you want to end the war speedily, buy Liberty War Bonds to help push it to that conclusion. If you're foreign born, buy Liberty War Bonds and prove your loyalty beyond a doubt. If your income is large, buy Liberty War Bonds because they are fr?.e from income tax. If your income is small, buy Liberty War Bonds because they afford the safest security aud surest interest for your savings. Above all, if you appreciate the liberty that your country gives to you and yours, if you believe it worth while that these United shall continue to exist in honor and in peace, you should at least lend your money to that cause as freely as others are dedicating their lives! Where to Buy Them? Subscriptions blanks for Liberty War Bonds and full information will be cheerfully furnished to you when you inquire at the Liberty War Bond Window. For further information ask 0 The Bank of Pageland \ t \ * / ' BRITISH EXPERT LAUDS RAILROADS OF UNITED STATES Talis Congress Committee That They Lead World. NO GOVERNMENT OWNERSHIP It Would Moan Political Control and Loas of Efficiency?Declares That Crisis Confronts Country on Account of Transportation Situation?Lowest Freight Rates to Be FourtO In United States. Washington, May 14.?That the United States is face to face with a serious crisis In Its commercial affairs, due to the conditions by which Its transportation system Is confronted, was the opinion expressed by W. M. Acworth, England's leading authority on railways, before the Newlands Joint committee on interstate commerce at a special session held here to enable the committee to hear his views before bis departure for London this week. Two steps are necessary, according to Mr. cworth, to avert this crisis aud to solve the threatening railroad problem confronting the country. The first Is to allow the railroads to charge freight rates sufficient to meet the great advance in operating expenses which is taking place and to enable them to command the credit necessary to provide the extensions and improvements needed to meet the ornili'1 nP HamenfTe nf lumlnnue ??? a. V .. VI. UUOIU^oa, x uc oc^ond la to do away with the multiple and conflicting systems of regulation that now hamper railway operation and to provide one centralized regulatory agency with such local subdivisions as may be necessary. Higher Rates a Publio Necessity. Mr. Acworth's views on the transportation situation in the United States were expressed in answer to questions by members of the committee, who asked him to apply his knowledge of railway conditions throughout the world and of the experience of other countries with government ownership to the present problem before the United States. "The fundamentaal factor in the situation is very simple," said Mr. Acworth. "It lies in the fact that yon cannot get three-quarters of a cent's worth of work done for less than threequarters of a cent, no matter whether the agency performing It Is a government or private enterprise. Freight rates must advance when the cost of performing - the service advances a? It Is doing at present, Just as the price of bread or meat or any other comA a. uvuiijr iuucudcb nuu Uittcaicu v-ofll of production." In answer to a question Mr. Aeworth said that be thought American freight rates had been at much too low a level for several years past, that they had reached this low point during the period of cutthroat competition among the roads and had since been held there by regulating bodies. Unless relief were afforded to the carriers very promptly, be said, the result would be a tremendous loss to the people of the whole country through Insufficiency of transportation facilities. Weakness of Government Ownership. On the subject of government ownership of railways Mr. Acworth said: "It Is lmitosslble to obtain satisfactory results on government rullwaya In a democratic state unless the management Is cut loose from direct political control. Neither Australia nor any other country with a democratic constitution?perhaps an exception ought to be made of Switzerland?has succeeded In maintaining a permanent severance. In France, in Belgium, In Italy, parliamentary Interference never has been abandoned for a moment. The facts show that government Interference has meant running the railways not for the benefit of the people at large, but to satisfy local and sectional and even personal Interests. Prussia, Mr. Acworth said, was the best example of an efficient govern- | ment railway system, and he pointed out that military considerations were treated as of paramount importance in the Prussian railway system. While American freight rates had been reduced nearly 40 per cent In thirty years, rates In Prussia were nearly as high as at the beginning of the period. While the charge for moving a ton of freight one mile In the United States was a trifle over three-quurters of a cent, the rate In Prussia was 1.41 i cents. As Illustrating the difference In rates between government and private roads Mr. Acworth compared the railways of New South Wales, Australia, with those of Texas. While the amount of traffic to each mile of ilne was aoout the same in both cases, he pointed out, the Texas railways performed for the public four times as much service as the government owned roads of New South Wales. The charge in Texas for hauling a ton of freight one mile was less than 1 cent, while In the Australian state it was well over 2 cents. "American railways lead the world," said Mr. Acworth. "Nowadays when men in any other purt of the world want to know how to run a railway they come to the United Stated and study your railways here. The American railways are entirely the result of private enterprise, and I think they go a long way toward proving the case against government ownership." Il.~"" Davis & Fu NEW CASI We are adding daily Merchandise, such Dry our trade demands^ and a ey will buy them. Our expenses are c doing business in the 1 own work. We thank our frieiiJ liberal patronage given u ance of same on the ba to one and an. i Davis & Fn Monuments Now is the time to buy that monument you expect to buy. See me and save time and money. G. R. Knight. Veterinary Surgeon Calls answered day or night. * Phone No. 48 two rings. Full stock of horse and cattle powders on hand at all times. L. P. GRAVES GOT SOMETHING 1 YOU I WANT TO SELL? I Most people have a piece of R furniture, a farm implemeut or bj something else which they have ? discarded and which they no B longer want. jg These things are put in the attic, or stored away in the barn, 3 jor leftjying about, getting of less a and less value each year. H 0 WHY NOT SELL THEM Somebody wauls those very things which have become of no use to you. Why not try to find that somebody by putting a want M advertisement in 31 I THIS NEWSPAPER? | ^ooeos^&i^ x? 8 Financing 1 A The farmer's business X financial backing if it is t Q That is one reason whj Q and willing bank behind JJ It is an important func ji temporary assistance to t A of us, and who have demt n repay obligations when d Q The best way to have ? Q an account with us. and only the farmer but ever] ground financially to do s The Bank c * _ HngHBBBBBHUEMB H. W. Funderburk I I inderburk I 1 STORE I to our, stock of general H goods and Groceries as I t prices as low as mon- I ut to the minimum by I i litch lot and doing our 1 s and customers for the I is and solicit a continu- I Lsis of square dealing Church Service Directoy J. W. Elkins, M. E.: Pageland, 1st Sunday at 8: p. m. and 3rd SunHnv ? ? n-. J ^.1,^ K. III. I Zion, 3rd and 4th Sundays at 1 11 o'clock. Antioch. 2nd Sunday at 11. Mt. Croghan, 2nd Sunday at 3:30 p. m. and 4th at 8. p. m. Zoar, 1st Sunday, at 11 o'clock. Sunday school at all the above churches at 10 o'clock. R. W. Cato, Baptist. Mt. Moriah, 1st Saturday at 3 p. m. and Sunday at 11. Sunday school at 10. Bethel, 2nd Saturday at 3. p. m and Sunday at 11 o'clock. Sunday school at 3 except on 2nd Sunday. B. S. Funderburg, Baptist: Pageland, 2nd Sunday at 11 and 8, and the 4th at 8. Sunday school at 10. Dudley, 2nd Sunday at 4 and the4thatll. Sunday school at 3 except on the 4th when it is at 10. R. M. Ilaigler, Baptist: Liberty Hill. 1st Saturday at 2 and Sunday at 3. Sunday school at 2:30 except on the 1st Sunday at 2. Mt. Pisgah, 4th Sunday at 3, and Saturday at 4 . J. \V. Quick, M. P: Pageland. 3rd Sunday at 11 and 2nd at 3:30. Sunday school at 10 except on the 2nd Sunday. Ne^' Hope 1st Sunday at 11. Bethesda 4th Sunday at 11. Bear Creek 4th Sunday at 4 p. m. J. F. Hammond. Baptist: Union Hill 1st Sunday at 11 and Saturday at 3 o'clock. Sunday school at 10. Prayer meeting everv Saturday n ght. H. S. Latimer, Presbyterian, Pagcland, 1st Sunday at 4 p. m. and 3rd Sunday at 7:30 p. m. and 4th Sunday at 11 a. m. Bulah, 1st Sunday at 11 a.m. 3rd Sunday at 3 p. m. Salem, 2nd Sunday at 3:30 p m. 4th Sunday at 3:30 p. m tj The Farmer S N often needs a little extra X A nrrAiir on^l u ?4 \J W a II14 [II Uv>pci . r he should have strong him. Q tion of this bank to give ? he farmers who seek it fi snstrated their ability to X ue. N i credit here is to carry Q we cordially invite not ? 7 one who wants tn crain ? ?,? " io. X 8 if Pageland oooooeooooJ