The Pageland journal. [volume] (Pageland, S.C.) 1911-1978, June 06, 1917, Image 4
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
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