The herald and news. (Newberry S.C.) 1903-1937, June 12, 1917, Page THREE, Image 3
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HOW SHALL WE
PAY FOR THE WAR?
A Constructive Criticism on tiia
? m ntai
HOIISe KMIIliB bill.
LOANS BETTER THIN TAXES
Five ReasMis Why Excessive Taxes at
the Outset of War Are Disadvantage
ous?Great Britain Example Worthy
or tmuiii;iorr?nww wins wuvmiu
Be Apportioned.
By EDWIN R. A. SELIGMAN,
McVickar Professor of Political Econ
omy, Columbia University.
On May 23, 1917, the House of Hep
resentatives passed an act "to provide
revenue to defray war expenses and
for other purposes." In the original
bill as presented by the Committee of
Ways and Means, the additional reve
nae to be derived was estiniated at $1,
?10,420,000. Tbc- amendment to the in
come tax, which was tacked 011 to the
bill during the discussion in the House,
was expected to yield another $40,000,
' 900 or $50,000,000.
In discussing the House bill, two.
problems arise:
I. How much should be raised by
taxation ?
II. In what manner should this sum
be raised?
4 CU...U Kv/ '
t? IV?T (VIUV1I VilVUIU I iwauvv* mj
Taxation?
How was the figure of $1,800,000,000
arrived at? The answer is simple. When
the Secretary of the Treasury came to
estimate the additional war expenses
lor the year 1917-lS, lie calculated mat
they would amount to some $6,600,
000,000, of which $3,000,000,000 was to
be allotted to the allies, and $3,600,
000,000 was to be utilized for the do
mestic purposes. Thinking that it
would be a fair proposition to divide
this latter sum between loans and1
taxes, he concluded that the amount;
to be raiseO by taxes was $1,800,000,-1
000.
There are two extreme theories, each
<of which may be dismissed with scan!
courtesy. The one is that all war ex-1
3>enditures should be defrayed by loans, j
and the other is that all war expendi-;
K/\ KtT fftTAQ I
VU1 CO DUVU1U UU u^xxaj cu |
Each theory is untenable.
It! Is indeed true that the burdens of J
the war should be borne by the pres-1
emt rather than the future generation: |
t)ut this does not mean that they should j
be borne by this year's taxation.
Meeting all war expenses by taxation ;
makes the taxpayers in one or two
years bear the burden of benefits that
ought to be distributed at least over a !
decade within the same generation.
In the second place, when expendi
tures approach the gigantic sums of,
present-day warfare, the tax-only pol- !
icy would require more than the total
surplus of social income. Were this 1
absolutely necessary, the ensuing hav
oc in the economic life of the communi
ty would have to be endured. But.
where the disasters are so great and i
at the same time so unnecessary, the j
tax-only policy may be declared im-1
practicable.
Secretary McAdoo had the right in- i
stinct and highly commendable cour- J
age in deciding that a substantial por- j
tion, at least, of the revenues should ,
be derived from taxation. But when
he hit upon the plan of 50-5? per cent, j
that is, of raising one-half of all do-!
mestic war expenditures by taxes, the
question arises whether he did not go
too far. !
The relative proportion of loans tof
taxes is after all a purely business'
proposition. Not to rely to a large ex
tent on loans at the outset of a war is ;
a mistake. !
_ __ I
Disadvantages of Excessive Taxes, j
The disadvantages of excessive taxes!
at the outset of the war are as follows: i
1. Excessive taxes on consumption
will cause popular resentment.
2. Excessive taxes on industry will;
disarrange business, damp enthusiasm !
and restrict the spirit of enterprise at;
the very time when the opposite is
needed.
3. Excessive taxes on incomes will de
plete the surplus available for invest
ments and interfere with the placing of
the enormous loans which will be neces
sary in any event.
4. Excessive taxes on wealth will
cause a serious diminution of the in
comes which are at present Largely
drawn upon for the support of educa
tional and philanthropic enterprises.
Moreover, these sources of support
Would be dried up precisely at the time
when the need would be greatest.
5. Excessive taxation at the outset of
the war wiii reduce the elasticity agit
able for the increasing demands Aat
are soon to come. ^
Great Britain's PoJicy.
Take Great Britain as an example.
During the first year of the war she
i~/>wvnoarl fa\oc rmlfr cTirrVifIf in nrrlor
UltiCttetu >-w J ui
to keep industries going at top notch.
Daring the second year she raised by
Dew taxes only 9 per cent, of her war
expenditures. During the third year
she levied by additional taxes (over
and above the pre-war level) only
? ?i*ama "17 nAT? rtAnf Af Hap
illl/iC Luaa x ? vcuu vx u^?
war expenses.
If we should ntfem^t to do as much
in the firs' yenr of th * war as Great
Britain did in the third year it would
sulSce to rnfse by taxation ?1.250.000.
O00. If, in order to -be absolutely on
the safe side, it seemed advisable to
increase the sum to $1,500,000,000, this
hoold, is ear cpkiioa, be the masi
UZ2X.
In considering the apportionment nf
the extraordinary burden of tnx^s !n
war times certain scientific principles
are definitely established:
How Taies Should Be Apportioned.
/1) TIip hiinlcii of taxes must be
spread as far as possible over ill.*
whole community so ;is to cause each
individual to share in t Lie sacrifices ac
' cording to his ability to pay and ac
| cording to his share hi th^- Go-, eminent
i (2> Taxes on consumption, which are
necessarily borne by the community at
large, should be imposed as far as pos
sible on articles of tpiasi-luxury rather
^ 1% n /\*> ? K , /\^ Vt f ??
tuuu vu muse wi .
(3) Excises should be imposed as far
as possible upon rommodities in the?
hands of the final consumer rather
than upon the articles which serve pri
marily as raw material for further
production.
(4) Taxes upon business should be
imposed as far as possible upon net
earnings rather than upon gross re
| ceipts or eai'iiai
(5) Taxes upon income which will
I necessarily be severe should he hoth
f differentiated and graduated. That is.
there should be a distinction between
earned and unearned incomes and there
should be a higher rate upon the larger
incomes. It is essential, however, not
to make the income rate so excessive
as 10 lead to evasion, administrative
! difficulties, or to the more fundamental
objections which have been urged
above.
(6) The excess profits which are due
to the war constitute the most obvious
and reasonable source of revenue dur
ing war times. But the principle upon
which these war-profit taxes are laid
must be equitable in theory and easily
calculable in practice.
The Proposed Income Tax.
The additional income tax as passed
by the House runs up to a rare or u'j
per cent. This is a sum unheard of in
the history of civilized society. It must
be remembered that it was or'y after
the first yenr of the war that Great
Britain increased her income tax to the
maximum of 34 per cent., and that
even now in the fourth year of the war
the income rax does not exceed 42*4
per cent.
It could easily be shown that a tax
with rates on moderate incomes sub
stantially less than in Great Britain,
and on the larger incomes about as
high, would yield only slightly less than
the $532,000,000 originally estimated in
the House bill.
It is to be hoped that the Senate wifl
reduce the total rate on the highest fn
comes to 34 per cent, or at most to 40
per cent, and that at the same time it
will reduce the rate on the smaller in
comes derived from personal or profes
sional earnings.
If the war continues we shall have to
depend more and more upon the in
come tax. By imposing excessive .*9tes
now we are not only endangering the
future, but are inviting all manner of
difficulties which even Great Britain
has been able to escape.
The House bill contains other funda
mental defects which may be summed
up as follows:
(1) It pursues an erroneous principle
in imDOsinff retroactive taxes.
(2) It selects an unjust and ^work
s' .e criterion for the excess-profits tax.
(3) It proceeds to an unheard-of
' ht in the income tax.
(4) It imposes unwarranted burdens
upon the consumption ef the commu
nity.
(5) It is calculated to throw business
into confusion by levying taxes on gross
receipts instead of upon commodities.
(6) It fails to make a proper use of
stamp taxes.
(7) It follows an unscientific system
in its flat rate on imports.
va. : ? nf nof.
Xt niuuucs a ui. (/w
ty and unlucrative taxes, the vexatious
ness of which is out of all proportion to
the revenue they produce.
i * * * *
The fundamental lines on which the
House bill should be modified are sum
med up herewith:
(1) The amount of new taxation
should be limited to $1,250,000,000?or
at the outset to $1,500,000,000. To do
more than this would be as unwise as
it is unnecessary. To do even tnis
would be to do more than has ever
been done by any civilized Govern
ment in time of stress.
(2) The excess-profits tax based upon
a sound system ought to yield about
$500,000,000.
(3) The Income-tax schedule ought to
De revised Wit D a lowering oi uie mica
on earned Incomes below $10,000, and
with an analogous lowering of the
rates on the higher incomes, so as not
to exceed 34 per cent A careful cal
culation shows that an income tax of
this kind would yield some $450,000,
000 additional.
(4) The tax on whisky and tobacco
ought to remain approximately as it is,
with a yield of about $230,000,000.
These three taxes, together with the
stamD tax at even the low rate of the
House bill, and with an Improved au?
tomobile tax, will yield over $1,250,
000,000, which is the amount of money
thought desirable.
The above program would be in har
mony with an approved scientific sys
tem. It will do away with almost all
of the complaints that are being urged
against the present. It will refrain
from taxing the consumption of the
poor.
It will th*ow a far heavier burden
upon the rich, but will not go to the
extremes of confiscation. It will ob
viate interference with business and
will keep unimpaired the social pro
^noH-pitv nf the communitv.
It will establish a just balaace be
tween loans and taxes and will cot
succumb to the danger of approaching
either the tax-only policy or the loan
only policy. Above all, it will keep an
undisturbed elastic margin, which
must be more and more heavily drawn
i UDon as the war proceeds
COMPLETE REGISTRATION r
OF NEWBERRY ODER
! SELECTIVE DRAFT;
j
(CONTINUED FROM PAGE 2.)
I Clark. Rowland: Clark, Thomas;!
I T/^ivi Cr\ noi a rtr\
i ,
! Davis, Henry; Davrkins, Dave; Dil
i lard. Elbert.
? Floyd, Malcolm; Fowler, Willie;
i Furmaix, Henry.
i Gary. Andrew; Glasgow, James;
I Gary. Mack; Gary, Oscar; Glenn,
j Charlie; Glenn, Frank; Glenn, Mack.
Helm. Willie; Henderson. Calie;
Henderson, Robert; Hill, Sam.
Jones, Jesse; Jones, Jim; Jones,
Odis.
I Kenson, Mark.
I 7 r\-r\ tr A T rvntr Tomflc* T .An c
j 11^ ) Vyll it- y *J C4 111 VO f UVUQt >
William; Matthews, Clarence; Miller,r
.Collie; Miller, James; Miller, I^ee;!,
Wilier, Marcellis; McMorris, Foster.
Nance, John.
Rodgers, Marcellus; Reeder, Pink;
Reeder, Wash.
Sanders. Clide; Sanders, Johnnie;
; Simpson, .Willie; Smith, William;
' Swittenberg. Miles; SWittenberg, Wil- 1
i liam.
: Thomas. Aaron; Thomas, Will: J '
Tobe, Tom; Turner," Irwin; Turner.:1
Thomas. j ]
! Wardsworth, Henry; Washington,, !
John; Wessinger, John; Williams,!
! Clark: Wilson. Earnest James; Work- j
j man, Seake. j ^
Kinards?Whites.
Cannon, Martin Luther; Campbell,;
j Smith Cannon.
I Dobbins, James Clarence.
| Epting, Maxey Warren; Evans,
Samuel Butler.
Fellers, Olin. j
< Johnson, Andrew Jackson; John-;:
.'son, Clyde; Johnson. Jacob James. i
I Murray, Joseph Jefferson.
Oxner, Boyce Wilson.
| Smith, Isaac McKittrick Jr.
Kinards?Colored.
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Bird, Bush; Burgess, Dock.
i Caldwell, Sam; Campbell, Andrew: ;
Coleman, Richard; Copeland, Charley.; J
i Davis, Billy; Davis, Pinkney; Daw-1 <
kins, Joseph Benson; Dean, Amos. !
Floyd, Dock: Ford, Rufus. I <
! Hallmani Sam Jr. j "
| Jeter, Jervey. I ]
- ? 3 I
j Kinara, Artnur; Mnaru, oiaicuw, (
'Kinard, George; Kinard, Peter;; ]
Kinard, Tommie
| Murphy, Frank. 1
I Nelson, Jim; Nesbit. Thomas.
Pitts, Ben. 1
Ren wick, Charlie; Richey, Walter; 1
Rutherford, John.
! Smith, Rufus. ? 1
Teague, Eugene. (
Werts, Forest; William3, John ]
Henry; Williams, Walter.
I (
Longshore?Whites.
Bishop, Irwing Vcnson; Bishop,' <
William Wicker; Boozer, Brady Jacob; ,
Boozer, Gaston Frod; Boozer, Guy
Norman; Boozer, Horace L?ee; Boozer,]
' t ? a ..nAArca Tior. I ?
! 1A1V Augusta, Dicuiuci, vjtuit,v uma |
tow; Brehmer, Harmon Ernest; Buz-!
hard, Martin James.
Chappell, James Hugh; Chappell,!]
Thomas Henry; Clopton, William
j fiuiuc;. j ,
Davenport, George Tillman. i
Farmer, Lonnie; Floyd, John <
Yancy.
Gossett, John: Gossett, Rob; Gos
sett, Sam. i
Hendrix, Marcus Boyd; Hendrix, i
Malcolm Johnstone.
Johnston, George Andrew; Jones,
John Miller.
Keller, Herbert.
Longshore, Adger Levi; Longshore,;
John M.; Longshore, Marvin Madison;
T -Tin t
ixingsnore, uscai Diauua 1U t iyfVU^ I
shore, Robert Lee.
Martin, Herman Boyce; Maybin,
iBennie Harmon; May bin, Richard
Smart: Motes, John Willia*.
Neel, Tom Clark.
Pitts, James Ray.
Reeder, Claud Abrams.
Satterwhite, I win Matthews; Senn,
David Forest; Senn, William Thorn
well; Singley, Tom Smith; Spearman,
Eugene Hugh; Spearman, John Rob-,
inson Jr.; Sterling, Charlie Frederick; I
Sterling, Richard Lee.
Sterling, Richard Lee; Senn, George
j Comer.
Teague, David McClure. ^
Waldrop, James Clarence; Waldrop, ,
j John William: Wallace, D. Randell;
l Wallenzine, Cleo Benjaman; Work- ^
man, Pinkney Clair.
Longshore?Colored.
Adams, Courtney; Austin, George;
Austin, Kale.
Bob, Sam; Boozer, Archie; Boozer,
Ben Tillman; Boozer, Ed; Boozer,
! Oscar; Boozer, Robert; Boyd, Arthur;
| Brooks, Will; Brice, John; Brown,
Willie Isea; Burton, Clinton; Burton,
Elija; Burton, John; Burton, Melvin;
Butler, James; Butler, Simps; Bird,
Tom.
Campbell, Ben; Cannon, John;
Chalmers, John; Clark, Will; Cofield,
Thomas; Coleman, Boyce Clark; Cole
man, Will; Cannon, Pink; Connor,
Willie Bee; urump, ruriei iiciu.
Davis, James; Davis, Munson; Dav
is, Wess; Davis, ' Will; Davenport,
William Lea; Dimbo, Larkin; Dewalt,
George Lafayette.
Ellison, Simon.
Fair, Will; Finley, Babe; Floyd,
Will.
Gary, Bibbs; Gary, Griffin; Gary,
John Erlward; Gary, Riley; Gary,
! Will; Gary, Wistar; Gilliam, Way-j
mand; Golden, Robert Jr.; Goldin,f
Clarence; Goodman. Honseal; Good-j
Will: Gary, Roland; Gray, Wil-j
liam. , ]
Hailstock, Young; Henderson, John
Wiley; Hill. James; Hill, Willie; Hun- ]
ter, John; Jackson, Charley; Jackson, <
Robert; Jackson, Walter; Jackson, ]
Will; Jones, Albert. <
Kelly, Frank; Kinard, John; Kinard, <
Willie. <
Lor.r, Farts. <
Mangum, Arthur; Mangum, Hilry;jj
Mangum, I-Angston; Mangum. Thorn-jj
a?: Metts, Eugene; Mingo, Jim; j
Moses. Jim; Moses. John; Moses,'
Wade. j
Vance, West.
Perry, Willie; Philips, Elliott; j i
Philips, Frank; Pitts, Alec; Pitts,: ]
Blake; Pitts, Miles.
Reeder, Cleveland; Reeder, Evans;
Reeder, Mayer; Reeder, Fleming.
Satterwhite, Cook; Satterwhite. Mo
dock; Satter white, Zeak; Scott,
George; Sheppard, Floyd; Sheppard,
Oliver Marcellus; Sirapkins, Mack;
Speaks, Arthur Thomas; Spragon,
John; Stephens, Willie; Suber, Ar
thur: Suber, Charley; Swindler, Colie;
Swindler, George; Swindler, Vander
I f
k/AX V.
Thrift, George: Thrift, James Wash
ington; Toland, Arthur.
Wade, James Arthur: Waldrop,
Tim; Waldrop, Will; Watts. Eddie;
ft orts. Archie; Werts, Jordan: Wheel
or. Andrew; Whitter, Benjaman
\mick; Williams, Jeff; Williams,
Pickney; Williams, Richard; Wilson,
^olie: Wilson, Frank; Wilson, Rea
son: Wilson, Tarrance: Worthy,
L?ewis; Wyatt, Brooks; Wyatt, S,ani.
Young. Harry; Young, Maderson;
ifoung, Rainey.
(.happens LTecinct? n niies.
Alien, Eunice; Alverson. Burpee
Poster.
Boazman, Joe Jennings; Boozer, Le
roy Coppock.
Clamp, George Verna; Cole, Rich
ard Eugene; Cook, Edward Lee; Con*
nelly, Jessie Pope; Crornley. Heber
froodman: Cromley . William Mc
3wain.
Donald, Willie Leroy.
Foshee. Eugene Hamiltoa.
Goldman, Eugene; Goldmaa, Harris
Grilliam.
Hart, Emil Augut..
Keith, James McGregor.
Lambert, Edward.
Ott. Mark Edwards.
Pitts, Clinton Bishop.
Salter, Christopher Mack; Sharpe,
James Floyd; Smith, Paul Maxwell;
Spearman. William Elbert; Summer,
Hugh Thompson; Swindler, Jasper
roloert. .
Ihappelis Frecinck?Colored.
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3eorge.
Bates, John Wesley; Bluford, John;
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Alex; Brown, Alex; Brown, George;
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Andrew; Bunter, Mose; Bunter,
aeorge.
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Gannon, Bill; Carwile, George; Childs,
Arthur; Childs, Manuel; Coleman,
Bennie.
Davis, Eugene, Davis, Rob; Dendy,
Slhu. '
Farrow, George, Jr.; Floyd, James;
Frederick, James.
Grisby, Georg'j Bennie; Grisby, Jef
!erson Eugene; Gains, Walter; Gil
ream, wenry; wimu, vxeurge eiuwi.
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ris, George; Harmon, Edward; H^nd
jrson, Lima?, Jr.; Henderson, Ralph;
Henderson, T\ C.; Henderson, Will;
Berd, Luther; Hill, Archie; Hill,
[Jeorge.
Irby, Arthur; Irby, John Manuel.
Jackson, Weedy; Jacobs, Blair; Ja
:obs, Enoch; Jessie, Mark^ Jones
lohnnie.
Keith, James; Kemp, Elliot.
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;ey, Henry; Lindsey, Will, Jr.
Maffett, John; McClinton, James.
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lie; Rook, Alex.
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Stevens, Isaiah.
Thomas, Mose3.
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5Villiam3, Reubea.
AUCIB<
Dipner, Henry William.
Swain, Maxey Richard.
Williams Store PrecJact?Wfettes.
Boozer, Noland Leavell.
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ij Stepp; Dominick, Hay*e Wesley;
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lers, Howell Cobb.
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Robert Eugene.
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Matthew Brabham.
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rins, Joe Smith; Wilson, John Crouch;
tVilson, Mark.
Williams store Precinct?Colored
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len, Joe; Allen, Millage; Andrews,
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rhomas; Boyce, George; Bouknight,
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Irew; Brown, John Henry; Brown,
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)m, George.
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3y, Jessie.
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William.
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Marshall, Jim; Mitchell, Dock.
Perry, Anderson; Pinkey, John;
Pinson, George; 'Pitts, Ernest; Pitts,
Benjamin Tilln^an; Pitts, Roy; Pitts,
William Bryan; Pitts, William Milton;
Pulley, Jerry.
Reeder, Tomie; Rhodes, Louis;
Richards, Charley; Richards, Ed;
Richard, Jessie; Richard, Luther;
Richard, Robert; Robinson, Charlie;
Roberson, Charlie.
n J if? Co+farwhitA
^a.ovvi ??
tfampton; Satterwhite, Howard;
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Enry; Smith, John; Smith, Johnnie;
Smoot, Tommie; Spearman, Ed;
Spearman, Henry; Spearman. Luther;
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land; Stephens, Maddin; Stuckman.
K<emp; Suber, Fate.
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Eugene; Williams, James; Williams,
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' cey; Wilson, Henry Fleming; ilson,
I -Jim; Wilson, Land.
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Fulmer, Chester Garfield.
Hendrix, James Monroe.
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ton Hilliard; Long. Horace Michael;
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fred Belton.
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der, William Edgar; Schumpert,
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Henry Collie.
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Abney, James Madison; Adams,
John Williams; Boozer, Mordecai;
o?*.< t~u? n?
uui.-a, ijcuuic, jLtuituu, juiiu; DOT
ton, Thomas; Butier. John.
fannfin Wpnrv* C?nlA/rn?n TT/lhorf
iColeman, Ransom; Counts, William
Rufus; Cureton, Richard.
Dewalt. Gladys; Dewalt,. Horace
! Foster; Da wait, Tom.
Felder, Bennie; Field, Gary.
Gary, Amos; Gary, Lot.
Excursion Fares ^
way Sy$tem froir
Lake Junaluska <
N.C.
Account Chautauqua Period
ers' Conference, Board of Miss
on sale July 15, 16, 17, 21, 22,
10, 11, 12, 13, 17, 18 and 19, 1
sale.
Rock Hill,!
Account Winthrop College S
June 18, 19, 22, July 4, 5, 6, f
Nashville. T
Account 12th Annual Sessi
(colored) tickets on sale June
21, 1917
Nashville, T
Account Peabody College St
June 11, 12, 13, 14. 21, 22, Ju
davs from date of sale.
Charlottes villi
Account Summer School Un
sale June 17 to 25, final limit ]
Atlanta, 1
Account International Assoc
^n sale June i5; 16 and 17, lin
Black Mountain
$5.
Account Various Religious A
31, June i, n, 12, 13, 21, 22,
27, 30, August 1, 6, 10, 14, 17
of sale.
Athens, (
Account Summer School Un
33, July 1, 2, 3, 9, 10, 16, 17,
from date of sale.
Proportianately re
points. Call on loca! age
tion or address S. H. Mcl
S. C.
A
An Ambition ai
f
?. IfHE needs of the Soutk are i
of the Soctbern Kmmy: vx run
tic upbuikanz of the other.
The Southern Railway aJts so ?ai
accorded to others.
The ambition of the Southern Rai
aniiy of interest that is bora of co-ope
the railroads; to see perfected that fair a
nent of railroads wticb invite* the
agrrscics; to realize that liberality of t
to obtain the additional capital needed f<
enlarged facilities incident to the dec
service; and. finaitj?
To take >ts niche in the body poi
other rreat industries, with no more, I
rtehts and equal opportunities.
" The Southern Sen
Hawkins, Casper; Herbert, Edwin
' Erastas.
Jefferson, Clinton; Jesse, Green;
Johnson, George; Jones, Henry.
Lake, Ernest; Lake, Arsbun; Lo*g
snore, jounme VyUULon.
Matthews, Ernest; Matthews, Lot;'
Miller, Forrest Edward; Moon, Is
mial Gerome; Moore, Tom.
Xance, Bonnie, Neel, Bradley; Neel,
Hiram; Nelson, Solomon.
Phillips, Abraham; Phillips, Mat
thew.
Reubin, Cullen; Reeder, George;
Robertson. Ernest; R oberson, John
nAdrew.
Smith. Jerry; Stewart, Benjamin,
t Franklin.
j Tribble. Samuel.
] William, Archie; Williams, Jake;
| Williams. John; Williams, Richard;
Williams, Ulysses.
Vaughn, John Henry; Vance, Benja
min; Vance, James.
Utopia?Whites.
Foy, Elbert Newton.
Ham, Benjamin Hawkins; Herbert,
1 T-t TT 1 i. TT7_ IX TIT iT.
joxiu j&cuson; neruert, weuvwr tyuhu
I ington.
Kunkle, Eoting.
Lake, Edwin Orlando; Long, Nor
(CONTLVUED- ON PAGE 7.)
W 1U UUUUl^l 11 IVttll
i Newberry, S. C.
and Waynesville,
$5.45
, Sunday School Board, Work
iions, Epworth League, tickets
23, 24, 25, August 2, 3, 5,
imited 17 days from date of
5. C. $3.65
siimmpr ?o1o
ritial limit August 6, 1917.
enn. $13.80
ion Sunday School Congress,
11, 12 and 13, final limit June
enn. $13.80
immer School, tickets Jonl sale
ly 20, 21, 26. final '.limit ,15
5, Va. $16.50
iversity of Virginia, tickets on
[5 days from date of sale.
Ga. $6.15
nation of Rotary Clubs, tickets
ait June 25, 1917.
Ridgecrest, N. C.
.10
issemblies, tickets on sale]May
^/, zo, j uiy 5, u, i0, ly,
,, final limit 17 days from date
ja. $3.95
iversity, tickets on sale June
j^7, v? 1111 uuai *iiiiit 13 uajo
iduced faros from other
ntft for further informa
id a Record
dentical with the needs
rtb and Mxceas of ooe caai
row?co tpcdtl ptirilegc *<x |
Iwxr Company is to see that
radon between the p?blk and I
nd frank policy in the manace- '
confidence of forernmencal
reatment which will enable k
?r the acquisition of better km
and for increased and better
itic of the Sooth aloasaide o*
wt with equal liberties, eqra!
res uie South." !V"