The herald and news. (Newberry S.C.) 1903-1937, December 10, 1920, Page THREE, Image 3
PRESIDENTS MESSAGE i
HEARD IN CONGRESS i
i
( Continued Prom Page 1.) t
1 in | ? a
wardsin dividual nations. The law of {
democracy in the world should be x
ior, the. protection of the weak ria- t
tion, the nation wjiich is struggling g
towards its right and towards its
proper recognition and privilege in
the famujr ot nations.
Can Sol Refuse. |
The United States can not refuse
j> this role of champion without put/
ting tfee stigma of rejection upon the ?
k peat and devoted men who brought
its government into existence and es- s
tablis&ed it in the face of almost universal
opposition and intrigue, even
in the face of wanton forc4 as, for c
example, against the orders in coun- i
cil of Great Britain and the arbitrary t
Napoleonic decrees which involved us ~
in what we know as the War of 1812. T
I urge you to consider that the dis- ^
play of &n immediate disposition on z
the part , of the congress to remedy y
any injustices or evils that may have
shtfwn themselves in our own na.
. c
tional life will afford the most effectual
offset to the forces of chaos s
and tyranny which are playing , so ,
diSaafrons a part in the fortunes of z
the free peoples of more than one
part of the world. The United States
?c M nA*v>R*itv the samDle democracy
of the world, and the triumph of democracy
depends upon its success.
t Recovery from the disturbing and
sometime*1 disastrous effects of the
late war has been exceedingly slow
on t$e other side of the water and
has given promise, I venture to say,
of early completion only in our own
forttmate country; tut even with us
the.recovery halts and is impeded at
times and there axe immediately
serviceable acts of legislation which,
it seems to me; it ought to attempt/ j
to assist that recovery and prove the <
indestructible, recuperative force of ?
a great government of the people.
One of thes? is to prove that a great t
democracy can keep house as Tuccessfully
and in as businesslike a t
fashion as any other government. It :
seems to me that the first step j to- i
wards proving this is to supply our- ,
selves with a systematic method of |
handling oar estimates and expenditures
and bringing them to the point
where they will not be an unnecessary
strain upon our ineome or necessitate
unreasonable taxation; in
other words, a workable budget system,
and I respectfully suggest that
two elements are essential to such a
system;'namely, not only that the
proposal of appropriations should be
in the hands of a single body, such as t
a single appropriations committee in
,?acfe home of the congress, but ako r
that this body should be brought into
? * V?l~-V AL-tdkf'. .ii. i' ^
' HRfi cooperation wno wie ucpaxi* 2
ments of thegovernment and -^jth j
the treasury of the United States as would
enable it to act upon a complete
conspectus of the needs of the
government and the resources from g
irhicb it must drawits income. I re- j
luctantly vetoed the budget bill s
passed by the last session of the c
congress, because of a constitutional j
objection. The house of represents- n
tives subsequently modified the bill in {
order to meet this objection. In the f
revised form I believe that ?5e bill, ,
coupled -wife action already taken by f
the congress to revise its rules and j
procedure, furnishes the foundations c
for an effective national budget sys- c
tern. I earnestly hope, therefore, g
that one of the first steps taken by jthe
present session of the congress t
Will be to pass the budget bill. t
Fbutnc0> Improve.
The nation's finances have, shown a
marked improvement during the past j
year. The total ordinary receipts of j
$6,694,000,000 for the fiscal year c
^ a 11 ^?. inin i_? 01 ,
lyzu fcxceeaea inose iur ?9s& uy <?x}- ^
54%,000,060, while" the total net or- ^
dinary expenditures from $18,514,- s
000,000 to *6,403,000,00<r The <]
gross.public debt, which reached its j
highest" point on August 31, 1919, c
when it was $26,596,000,000, had t
dropped on November 30, 1920, to x
$24,175,000,000. There has also j
been a marked decrease in holding of t
government war securities by the t
banking Institutions of the country, t
" - ' a .* l!ll_ 1 TJ
as weir as us cue amount 01 Dm? nnu j
l>y the federal reserve banks secured s
by gwernment war obligations. This t
fortunate result has relieved the e
tanks s&A left them freer to financ r
the needs of agriculture, industry s
I- commerce, It ha? been due in \
large -part to the reduction of the }
public debt, but more particularly to c
" * A# wrtTTflm. i
I the improved OlSbriOUUUll VI i ^
ttent securities among permanent in- e
restore. The cessation of the govern- r
mentis borrowings except through
thort term certificates of indebtedness
has been a matter of great con- t
Sequence to the people of the coun- t
try at large, as well as (to the holders 1
of Liberty bonds and Victory notes, s
' ? i ?i r'
i- and has had an important neanng- on c
the matter of effective credit control, t
this year has been characterized by 11
the progressive withdrawal of the c
treasury from the domestic credit z
i > *'*
:* v ffy '
narket and from a position of don:
lant influence in that market. TJ
'uture course will necessarily deper
ipon the extent to which economi
tre practiced and upon the burdei
)laced upon the treasury, as well ;
lpon industrial developments ar
he maintenance 0/ tax receipts at
ufficiently high level.
Many Notes (Soon Due.
The fundamental fact which,
>resent, dominates the government
inancial situation is that seven ar
t half billions of its war indebte
less mature within the next two ar
i half years. Of this amount, tv
tnd a half billions are floating del
md five billions Victory notes ar
var savings certificates. The fisc
urogram of the government must 1
letermined with reference to the:
naturities. Sound policy deman<
hat government expenditures be r
luced to the lowest amount whi<
vill permit the various services 1
perate efficiently and that gover:
nent receipts from taxes and salvaf
>e maintained sufficiently high
>rovide for current requirements, i:
,'luding interest and sinking fui
iharges on the public debt and at tl
;ame time retire the floating de'
tnd part of the Victory loan befo:
naturity. With rigid economy, vi:
rous salvage operations and ad
luate revenues from taxation, a su
)lus of curernt receipts over curre:
txpenditures can be realized ar
(hould be applied to the floatir
lebt. All branches of the gover
nent should cooperate to see -th.
his program is realized.
I can not -over emphasize the ne
sssity of economy in government a
>ropriatrons and expenditures ai
he avoidance by the congress <
>ractices which take money from tl
reasury by indefinite or revolvii
'und appropriations. The estimat
'or the present year show that ov<
.1,000,000,000 of expenditures we:
luthorized by tHe last congress
iddition to the amounts shown in tl
isual compiled statements of "appr
>riations. This strikingly illustrate
he importance of making direct ai
pecific appropriations. The1 relatit
+V?o mirranf and CU
FUtvrq^u vub VMA*VMV ? ?
est expenditures of ?he governme:
hiring the present fiscal years, ;
pell as during the last half of tl
ast iiscal year, has been disturbed 1
lie extraordinary burdens throv
tpon the treasury by the transport
ion act, in connection with the r
urn of the railroads to private co;
roL Over $600,000,000 has alreac
teen paid to the railroads under th
ict?$850,000,000 during the pre
'nt fiscal year?and it is estimat<
hat further payments aggregatix
rossibly $650,000,000 must still 1
nade to the railroads during the cu
ent year. It is obvious that the
arge payments have already seriou
y limited the government's progre
n retiring the floating debt.
vWrald Revise Tax Laws.
Closely connected with this,
eems to me, is the necessity for i
mmediate consideration of the re's
ion of our tax laws. Simplificatic
>f the income and profits taxes hi
>ecorae an immediate necessit
Fhese taxes performed an indispens
>le service daring the war. The ne<
or their simplification, however,
rery great, in order to save the ta
*ayer inconvenience and expense ai
n order to make his liability mo:
ertain and definite. Other and mo:
letailed recommendations with r
;ard to taxes will no doubt be la
efore you by the secretary of tl
reasury and the commissioner of ii
ernal revenue.
It is my privilege to draw to tl
ttention of congress for very syc
>athetic consideration the problem <
?roviding adequate facilities for tl
are and treatment of former mer
rers of the military and naval forci
rho are sick of disabled as the r
rait of their participation in the wa
[ hese heroic men can never be pa
n money for the service they pati
i+i/iollw tVio nofinn TTlP n
ion's gratitude must be effective
evealed^to them by the most amp
irovision for their medical care ar
reatment as well as for their voc
ional training and placement. T1
ime has 'come when a more comple
irogram can be formulated and mo:
satisfactorily administered for the
reatment and trainnig, and I ear:
tstly urge that the congress give .tl
natter its early consideration. Tl
secretary of the treasury and ytl
joard of vocational training will on
ine in their annual reports proposa
:overing medical care and renaDint
ion which I am sure will engage yoi
tamest study and command yoi
nost generous support.
Agriculture Needs Help.
Permit me to emphasize once mo:
he need for action upon certain ma
:ers upon which I dwelt at son
ength in my message to the secoi
lession of the 66th congress: the n
lessity, for example, of encouragii
lie manufacture of dyestuffs and x
ated chemicals; the importance <
ioing everything possible to promo
igricultura! production along ec
li- nomic lines, to improve agricultural
le marketing and to make rural life
id more attractive and healthful; the
es need for a law regulating cold storis
age in such a way as to limit the
as time during which goods may -be
id kept in storage, prescribing the
o mofV?nH n-f disnosine- of them, if kent
beyond the permitted period, and re'
quiring goods released from'storage
aj. in all cases to bear the date of their
,?s receipt. It would also be most ser1(j
viceable if it were provided that all
goods released from cold storage for
j interstate shipment should have
(piainly marked upon each package
btjtbe selling or market price at which
l(j they went into storage, in order that
al the purchaser might be able to learn
3e what profits stood between him and
5e the producer or the wholesale dealer.
[js Indeed, it would be very serviceable
e. to the public if all goods destined for
h interstate commerce were made to
to carry upon every packing case wnose
n. form made it possible a plain statere
ment of the price at which they left
t0 the hands of the producer. I rent.
spectfully call your attention, also, to
id the recommendations of the message
ie referred to with regard to a federal
bt license for all corporations engaged
re in interstate commerce,
g- In brief, the immediate legislative
e- need of the time is the removal of
r- all obstacles to the realization of the
it best ambitions of our people in their
id several classes of employment and
ig the strengthening of ail instruments
talities by which difficulties are to be
at met and removed and justice dealt
out, whether by law Ci- by some form
c- of mediation and conciliation. I do
not feel it to be my privilege at presld
ent to suggest the detailed and parDf
ticular methods by which these oblejjects
may be attained, but I have
ig faith that the inquiries of your seves
eral committees Will discover the way
er and the method.
re
in i i t i ' - - H 1.11
ie*|' ' -
? * * * T i
0-1 IN fc V I IN M u .
ll Opera House Fri
"| Pretty Ladies. Goc
ami Drama
IS
For the Benefit of 1
)y:
m | Admission: 50c children ai
a. | eral admission, plus wa:
e-i
lyli ?
I Christma
Now Is the time to buy
**j your money's worth^at T.
s" ing to sell out al of my Je
thing you buy is guarantee
money ?an buy.
lt ENGRAVING FREE
in
1 T. M.
"\
a" Jeweler, Optician a
sd
I Quality Pri
(Under New
le
1 Am able to handle tl
11 i
ie es and guaran
tl"
PROMPT
T.
Goods sent for and
Satisfaction
i R. B.
ie
te Phon
re
ir ? .
13I
"BUSTED
*!
j*i Best Steaks, lb
?! Roast, lb
?! Pork of all kinds, lb
! A Good 1
"j Homemade Puddi
? PHONE US y
;! The Old C
7 LJau a,
e- vuuci
H. W. Swindler TIT
te Phone 280 llv
0- ifiSdammmmtmmmmrnrnm
| In response to what I believe to
J be the impulse of sympathy and opinj
ion throughout the United States, I
earnestly suggest that the congress
authorize the treasury of the United
States to make to the struggling gov-j
ernment of Armenia such a loan as
was made to several of the allied
governments during the war; and I,
would also suggest that it would be ]
desirable to provide in the legisla- j
tion itself that the expenditure of the j
money thus loaned should be under:
the supervision of a commission, or,
at least, a commissioner from the
United States, in order that revolutionary
tendencies v/i thin Armenia
itsfclf might not be afforded by the
loan a -further tempting opportunity. I
Allow rne to call your attention to'
the fact that the people of the Phil- (
ippine islands have succeeded in
maintaining a stable government
since the last action of the'congress
in their behalf, and have thus ful-!
filled the condition set by the con- j
gress as precedent to a considera-1
lion ui framing muc^cjiutnLc iu ?,****
islands. I respectfully submit that
this condition precedent having been
fulfilled, it is now our liberty and
our duty to keep our promise to the
people of those islands by granting
them the independence which they so
honorably covet.
I have not so much laid before you
a series of recommendations, gentlemen,
as sought to utter a confession
of faith, of the faith in which I was
bred and which it is my solemn purpose
to stand by until my last fight|
ing day. I believe this to be the faith
+Vna -faifVi rvf +."hp future I
Ui muciivu) <kiib ?
and of all the victories'which await
national action in the days to come,
whether in America or elsewhere. Polo
had its origin in Persia before
the Christian era.
SICAL CLUB
day, December 10
>d Music. Humorous
tJrf* DAs/lmtyt
UW I\^auuig0>
The American Legion
* . ' - * . . _ , .
ad gallery; $1.00 adult gent
tax. No seats reserved.
K v .... .
s Jewelry
mrnamrnmmm
- ; \ * '
' Jewelry cheap. And get
A f am crn> .
XfJU ^ 4TKO g ?
welry at a low price everytd
to be in best shape that
ON ALL ARTICLES
Rogers
nd Watch Repairer. j
Bssing Club
Management.)
ie most delicate dresstee
satisfaction.
? n/ lip
&Htlt V lis III
I delivered promptly
i Guaranteed
Focht
ie 260.
I
naaaMMMnHMHMHHaBHMt
PRICES" !
35c
30c
35c
/ariety of
ng, Sausage, Souse
OUR WANTS
I
Sty Market
era House
V HQ J. W. Swindler
1 1217 N^nce St.
Wild Swan Identified.
The wild swan carries its neck
straight while it swims, but the domestic
variety carries its neck in a
graceful curve.
A ton of water in the Atlantic lias
rv * .1- ~ ? ?"li.
Ol P0UI1U5 U1 SttlU
This is a year in whicl
nanciaiiy but every one el;
to take our foss by. putting
ing our stock at the great
willing to bear our loss as
also fee! that we, in order
war priced goods and rep]
to take advantage of this
first class goods at a price
SILKS.
Taffeta, old price $3, rei
Crepe de Chine, old p]
duced to
Poplin, old price $1.50,:
All Wool Serges, black
price $3.00, reduced to
Plaids and Serges, diffei
price $1.00, reduced to...
Plaids and Serges, diffei
price 75c, reduced to.......
? - ? . * i A* j
KImona Ulotft, ainerem
price 50c,. reduced to
Poplins, old price 40c a
ed to. ..
Scout Percales, all col
40c and 50c, reduced to....
Quilt Calicoes, oil prii
35c, reduced to
Curtain Goods, old pric
to
Curtain Goods, old pric
to
WHITE GOOE
Pa jama Checks, old pti
ed to
i Mitty Twill, old price
to
Sea Island, old price
to .........
Sea Island, 36 inches,
reduced to
Madras, old price 40c,:
Sheeting, old price 90c, re
Dress Ginghams, old pr
ed to
We will appreciate your c
I* A TTCf Vtfn -fool w
UUliUAJ Oi TT V ivv* w?? v ?.
W.F
1,1 ' ' ;
I iiife fiSaB v
MB Wl BB J&9 HLwe si
m jS Sr*^ 0F* m
\eJrSi r j m
One Night,
iips
HgP^" W/TH THE
fflf FAMOUS
S /VATIVE 1
I HAWAHAN j
PRICES-$2.0
Seat Sale Friday Dec
' - " ' '' .
MASTER'S SALE.
By authority of a decree of the
Court of Common Pleas, in the case
of Dottie R. Hawkins and others j
against Mrs. Lois Merchant and oth-j
era, dated November 23, 1920, I will j
sell at public auction in front of the.
court house, at Newberry, within the j
legal hours of sale, on salesday in j
January, 1921, that certain tract of!
I land in Township No. 9,. Newberry j
ALE! SALI
i not only business people are ta
se is sustaining an equal loss. T
; on a sale during i_ie month of I
Iv reduced prices shown below,
we'll as the farmer ant! other foli
to serve our trade profitably, sh<
ace with new goods at a living p
sale.% V/e assure y$u that we w
that will be profitable to you.
s r ' / <* i
Dress Gingl
iuced to $1.95 e(* to .....
rice $2.75, re- Dress Gingl
$1.95 ed to
reduced to 95c Outings, 3(
and blue, old . no)*f ;v
$2.00 Outings, 28
ent colors, old "TadiesDres
5c values, reduce
rent colors, old Standard I
50c duced to ......
I- -nnt+pvns. old
?
30c ro
nd 50c, reduc- Men's Dres
...25c and' 30c ed to
ors, old price Men's Dres
. ..15c and 30c ec* its
old Madras an<
Its, Old PTO duced to
"OA T' j We also caj
e 20c, reduced we wjjj gjve ;
12 1-2 c
e 35c, reduced
20c Our line oi
TXr- T
%c we iiauuic
iery which sp
ice 40c, reduc- ; We also ha
...v ,..25c and other ge
65c, reduced g6 at greatly
...45c and 35c We also ht
3t>c, reduced eries.
.......23c Christmas 1
old price 25c, very low pric<
.....15c We will sel
reduced to 30c at 50c per p
duced to....75c saps and othf
ice 5Qc, reduc- low prices.
;..30c Oranges.
' -
calling and* Examining our line b
e can save you money. Thankin,
I Derrick 6
T r' *vr I'- I
Little Mountain, S. C. 1
"/~' i m
. FIR
Ricl
Ik (Jam
Hffi^
B 19 V| ^VSv vn
0, $1.50, $1.00,
.10;, Gilder & Weeks.
ii I I ii i ii I I di ii ii ii ir?
1 *
. i '
J, ; ! * " '* * Vp>A i
V * .. *. ,v.V - V:; r ,//./" r
. ' ? '
. V' **.- - *? \ ' ... .? ^ i_- i'* .
county, containing four and forty
hundredths acres, more or less, and
bounded by lands of A. A. Kibler^J.
B. Simpson and Mrs. Harriet S. Lester,
The purchaser will be required to
pay the purchase pr|e in cash, and
to pay for papers, revenue stamps,
and recording.
H. H/RIKARD,
Master for Newberry County.
ii SALE!
king a very heavy loss fiherefore
we have decided
December, 1920, and oflfcrWe
feel that we should b?
:s have have got to do. We
)uld clean our shelves of
ront. We urge every one
ill do our best to give you
lams, old price 35c, reduc
20c
lams, old price 25c, reduc
* ...15c
5 inches, old price 50c,
..35c
J inches, old price 40c,
25c
;s Skirts, $5.00 and $10.00
id to $3.50 and $6.00
tfade Overalls, $3.00, re
: %
[EN'S SHIRTS. %
s Shirts, silk, $9.00, reduc
?7.00 '
s Shirts, silk, $4.50, reduc
......$3.50
i Percale Shirts, $3.00, re
..$2.00
cry a line of Furniture that
pou at reduced prices.
SHOES.
? Shoes is among the best,
the Nolaseme line of Hos>eaks
for itself.
,ve a complete line of hats
nts' furnishings that must
reduced prices* v
tndle a fresh line of groc1
Goods of various kinds at
2S. - ; - " :
1 you good Virginia Apples
eck. We also have wine
it kinds at proportionately
We handle No. 1 Florida
eforc purchasing lot the
g- you for past patronage. BM
kCo. J
^ TTHi
)USE
ember 15th.
- y ? . '. f %
ST TIME HERE!!
mard Walton Tolly n
es G. Peede, Gen, Mgr.) *
Presents
Hawaiian Love Play
'ramatic Sensation of
the Decade
' - r ,
f j 40*88^*
M j f & 38 Ik
^T| IjW
r ?r
PHHv /
- ' ^fs
50c plus tax.
Mail Orders Now. i
?
A