The dispatch-news. [volume] (Lexington, S.C.) 1919-2001, June 15, 1921, Image 3
WOULD LOWER
INTEREST RATE
9*
REPRESENTATIVE FULMKR INTRODUCES
Hllilj -TO LIMIT
REDISCOUNT RATE TO 5
PER CENT.?WOULD FACILITATE
REVIVAL OF
, BUSINESS.
Washington, June 10.?Commenting
upon his bill, recently introduced
in the House, to limit the rediscount
rate fixed by the Federal Reserve
Rank to not over live per cent., Representative
H. 4\ Fulmer said:
"I believe that if the high rate of
rediscount charged by the Federal
Reserve Rank is reduced to live per
cent, it will do more to bring about
, a revival of business than any other
one thing we could do.
"It is generally pointed out that it
will be impossible fo reestablish 1191*ninl
conditions ami bring about a revival
of agriculture, commerce and
industry except by a lowering of the
rediscount rate on agricultural and
commercial paper to from four and
one-half per cent, to five per cent. I
believe that such a reduction is a
great national necessity, a world necessity,
and it is only in this way that
prosperity can be promoted in America
and that Europe can begin to
rehabilitate.
I ST "
I We Are
II
II
II1 ;"
I
II ^
ICLEM?
SOUTH CAROLINA'S
1571 Acres of Land, Value
Operated
i > r.cui.i; courses
Agriculture, (Seven Majors)'
Architecture.
Chemistry.
Chemical Engineering.
Civil Engineering.
Electrical Engineering.
Mechanical Engineering.
Textile Industry*.
Industrial Education.
Cleneral Science.
SHORT Olt'issr.s
Agricultural.
Textile Industry.
I SIMM II It KC1IOOI,
.June lit Inly 1>3
Agricultural Teachers,
ttotton Orndcrs.
College Make-up.
Kcmuval of TCntrnncc Coin
t ions.
Agricultural Chil? Hoys.
It. (). T. ?Oemson is a m<
It. O. T. <students receive 11:
per year during the junior am
The Regis i
Afl'I.IC ATIOXS
__ 4
*
*
"Everybody knows that the re.
strictlon of credits and the extreme
high discount rateB have stagnated
industry and commerce and paralyzed
agriculture. /
'x "I an. syre that I am voicing the
iconclusion of every bank in&n in the '
agricultural sections of America in as- '
Hurting that, if the bankers obey the \
i- i
law in regard to the rates of interest
i. ^
'.that they are allowed to charge their (
customers^- under the national banking
laws, and are at the same time f
forced to pay such high rediscount
'rates as are now charged by the Fed-' 5
eral Reserve Banks, they will have j
^to go out of business. That seems to /
'stare us in the face as. a certainty. /
^ "The people of the United Stytes i
4 V, . I ... I
uaiuvi OWUU UKU IUC Cleanup Ul ine 1
'Federal Reserve Bank system meant
r'the financial salvation of America and
her people, by being able at all times
.and under all circumstances to take '
(care of any situation in any section
/Of our country, and in a manner that
would not only hold up a panic but !
in such manner and at such rates of
discount as would make the member
banks financial strongholds. All
of which would mean so much to
'the building of good roads, the educating
of the people and the developing
of our national resources.
"If you will read the combined
-'statement of the twelve Federal Refsrve
Banks made at the close of
1 business May 2', you will be struck
with the indiguo.nt feeling that they
have violated right and reason by
Building The
Than Ever
Today, more than
Tires for passenger <
utmost in economy ar
T
improvement atter lmj
been effected in them
months. Our clincher i
example, are now ma;
thicker tread and stron
bead. Our larger size C<
tires, and our inner t
bigger, stronger, more
before. You can get G<
from your nearest Go<
Station Dealer.
The Goodyear Tire &. Ri
^ ^ Throughout th
xm i i ? ?be? ??i n mm mmeaaammcamtmBmmm
iON
TOP Otk
COLLEGE OF ENGINEERING
W. M. RIGGS, President
Plant Over $2,300,000.00. Er
Under Strict Military Discipline.
V VI.t K or A TECHNICAL
EDUCATION
A technical education is the best
insu.vnce ag^jnst hard times. In ,
earning capacity, it may equal an s
estate of $50,000. For the un- >
trained are the positions of poverty <
and obscurity. I
Times are hard in South Caro- ,
lina, but the cost of an education
at Clemson College is comparatively
low,?sufficiently low to be '
within the reach of any ambitious '
young man in South Carolina. s
Scholarships, free tuition and !
the payment by the United States 1
Government to R. O. T. C. stu- *
dents, still further reduce the '
cost.
Do not allow the financial difficulties
to keep you from .entering
di- college this fall to prepare your- j
self for the opportunities that lie i
ahead. v ;
?mber of the senior division of the Rose
tanciul assistance from the Federal Ooi
1 senior classes.
i-ok fi'ijij imoiimation avhitio 01
:rar, Clemson Cc
will be coxsi1)krki> in oudeu
*
* j?
che^glng unreasonable rates of discount
to member banks. That statement
shows that, after paying six
per cent, dividends to the stockholders
op a paid-in capital of $102,173,000,
they have a surplus of $202,036,000,
besides $35,271,000 reserved for
government franchise tax.
"Congress seerr.c to be long on creating
departments and appropriating
large sums to be spent by them, and,
after making these appropriations, in
setting aside for them sums of money
In the way of contingent funds, allowing
them to spend not only these
tout to come in at a later day and secure
still more under deficiencies?
Which is borne out by the passing
yesterday of a deficiency bill carrying
the large sum of over one hundred
million dollars, of which about eiglity
milion8 are to supply these departmental
deficiencies.
' "If the banking interests and the
people of the United States think
\hat I am right in asking Congress to
repudiate the fixing of the Federal T
'Reserve Bank rediscount rate, I call j
upon them to get behind this propo- f
sition in such manner that we may |
be able to put this saving measure j
^across. Otherwise, thje warning is t
dear, we will have to treat a calam-'
4ity after it has befallen us."
BANK WROTE OF HEATH
That Frtmk L. Kane, secretary .of
the interior under Wilson who died
last week knew before his death that
ho was going to die is evidenced by a
I
m Better j
Before
niuiuciiuuituiimiuaimmimrnmmimnmmmmmnm
/er, Goodyear
:ars offer the
id satisfaction. j
provement has
in the past few !
type Cords, for
ie larger, with
ger carcass and
3rds, our fabric
:ubes, too, are
durable than
3odyears, now,
udyear Service
jbber Company [j
e World ^ | ^
r *1 * Wfl JBM?W HWnPBWBWM Q
Vk liaV.'/rvaBlBBBSWBB&PaOMMBMBBllflUI IU11 UTiUMHTirTwB
LLEGEI
AND AGRICULTURE v I
irollmemt 1919-'20, 1014. |j
SCHOLARSHIPS AM) KX.AMI- U
NATIONS *
The college maintains one hun- l i
3reil and seventy four-year schol- |
uic /iKuuutiui'tii ana
roxtile Courses. Each scholar- 1
?hip means $400 to help pay ex
lenses and $160 for tuition appor- I
tioned equally over the four years. I :
Also fifty-two scholarships in | .
:lie One-Year Agricultural Course, H
these scholarships are worth $100 B
ind tuition of $40. The scholar- 0
ships must be won by* competitive ' Fa
examinations which are held by ]
each County Superintendent of Ed- I
ucation on July 8tli. It is worth fi
/our while to .try for one of these B
scholarships.
Credit for examinations parsed B
it the county seat will be given to tgi
those who are not applying for [H
scholarships but for entrance.
rve Officers Training Corps. All |2S
/eminent, this reaching about $200 3
It WIRE:
>llege, S. C. I
RECEIVED.
V"
?
* ' i
^letter' mailed by him to some of hie
intimate friends in Washington from
dhe hospital in Rochester,' Minn., a :
>8bort time before his death. The me8- ,
isage showed tht^t the former secretary ,
had undergone the operation with full
/consciousness and acceptance of the
|fact that he might survive. It told r
In. detail of his sensations before, ;
-'during and after the operation, of i
'Which he was fully conscious as the
condition of his heart would not per- [
'mit the use of a general anesthetic.
'^The message follows in part:
"It is Wednesday afternoon and I
am sitting up in bed talking to my i
^good friend Cotter. Until yesterday J
11 did not clearly visualize. any one
! thlnn. ? ? *1-1- " "
iu?u6 '< una ruuni una aia not know ,
*thttt it had a window except that
/there was a place that noise came ,
/through, but I did know that it had
u yellow oak door that stared at mp <
with its great big eye all d?y and m
\night. Last Friday you see about
Jten in the morning, I took the step
that I should have taken months, yes,
'years ago. /
Today, most tentatively, I crawled
'Into a chair and ate my ll^st mouth1
ful of food. But four days ago I managed
to shave myself and I am re- 1
'garded as pretty spry.
"I have seen death come to men in
various ways, some rather novel and
western. I once saw a man hanged.
'And I have seen several men shot,
?
and came very near going out that
I
way myself two or three times but
always the other fellow aimed poorly.
I wap being shot at because I
was a newspaper man, and I should
have peen shot at. There must be
; public concern in what is printed, as
well as its truth, to justify it. That
'is something that newspapers should
'get to know in this country. After]
the earthquake in San Francisco I saw
'walls toppled out upon a man. Ann tl
*nve had more intimate glimpses -jptili
i the picturesque and prostatic ways
by which meq come to their taking
'off.
"But nyer before have I been called
upon to deliberately walk into the
shadow, and say what you will, it is
'a great act. I have said during the
last month of endless examination,
that a man with little curiosity and
'little humor a'tfd a little money, who
'was not In too great a pain,: Could
'enjoy hirtiself studying the ways o:
''doctors and nurses as. he journeyed
/the Invalid's path. It was, indeed!
made a flowery path for me, as much
l as any path could be in which ;j
I v
man suffered more humiliation am'
'distress and thwarting and frustra
'lion, on the whole, than he did pair.
"But there -\vas a path, thh end o
'which I, could not see. I was no'compoW<Jd
to take it. Myywry latest t
'doctor advised me against taking it
'i could live some time without tak\
'ing it. It was a bet on the high card
'with a chance to win, and I took it."
| At thls?point occur details regarding
the orenaratlons fnr/
^ ? .... v. b?lW 1/^CJ.U*
'tion, with a note of the fact that n
'general anesthetic could hot be ap1
plied" on account of the patient's
! > I '
l/heart "which had been cutting up
i'some didoes." The statement, oontinue8:
"For two days I had had knowledge
that this operation was to take place
fat this time and my nerves had not
been just as good as they should have
I'been. These men who sleep twelve
*
? - ,
?
Cotton Shippers
For best results ship your cotton
to The John Flannery Co.
Will make you liberal advances
on consignments of cotton.
The John Flannery Co.
SAVANNAH, GA.
Dodson's Liver Tone j!
Killing Calomel Sale j
HI, J
Don't sicken or salivate yoxxrself or
paralyze your sensitive livor by taking
calomel which is quicksilver. Your
dealer sells each bottle of pleasant,
harmless "Dodson's Liver Tono" under
an ironclad, money-back guarantee
| that it regulates the liver, stomach and
bowels better than calomel without mak'
ing you aicki?15 million bottles sold.
T.
*. V:Y . ' ' i ' '
hours perfectly before being elctrocuted
have evidently' led more tranquil
lives than I have or have less
concern as to the future. Ah, now J
was to know the great\secret. For 40
years, 1, have been wondering, wondering/
Often I had said to myself
that 1 should summon to my mind
f '
when this moment came, some words
that would be somewhat a sypthesis
of my philosophy. Socrates said to
those who stood by after he had
jdrunk the hemlock, 'no evil can befall
a good man, whether he be alive or
iaead.' I don't know how far from I
.that we have gone In these 2.400
?
years.
( "The apothegm, however, was not
hpposite to me, because it involved a
'declaration that I was a good man,
anc^. I don't know anyone who has
the right to so appreciate himself.
And I had come to the conclusion that
perhaps the best statement my%creed
could be fitted into are the words
T accept,' which to me meant that
)f in the law of nature my individual
|spirit was to go back into the great
spirit of oceans, my one duty was to
'conform. 'Lead kindly light,' was all
,the gospel I had. I accepted."
Send Us You
Screen Doors, Win<
Garden Hose,* Wate
! Freezers, Base Bal
Golf Goods.
* i
tr.mif hi
UNIFORMS i
*
Lorick &
Incorp
HARD
~ ?COLUMB
aiming vnn
wnu o iuu
I I By modern methods we rem
teeth and live nerves or fill
most'seysitive tooth with v
little pain or bad after effectJ
Special I attention tc
. Baltimore D
1329 1-2 Main St. COLT
j'jLook for Large Electric Sij
at !
Hours 8 to 8. S
-ST
Meeting tt
For Low
We have met these deman
on galvanized corru gate<
prepared roofing in rolls. ,
prices on all roofing mater
[ you may need in the build<
tels, grates and tile line,
and we can make immedia
Send us your orders.
LORICK B
1533 Main Street, Coli
I
m
+ '
The native of New Xork had
brought his Ozark cousins to see the
sights. Together they gazed to the " |j
cloud-swept upper stories of skyf^
scrapers, mounted the Statue of Liberty
and did the wierd curb market.
Finally they stood at the corner of
Fifth avenue and Forty-sdcond street.
'
waiting for a chance to dodge the
long procession of automobiles and
throngs of pedestrians.
The Ozarkian calmly watched the
hustling thousands. Then he turned to
his cousin.
" "Picnic in town?" he inquired.
.
Not in Vain
A tall, gaunt individual of I the
sort known in some parts of the
tiouth as "poor white trash," was
ordered by the Judge of a certain
police court to stand up.
"You are." said his Hqjior, "accus- ?
(ed of profanity in a public place."
t "I reckon I did it, Jedge," said the
cracker. "A nigger was tryin' to
steal my hoss."
"But you should know better than
to tajce the name of the Lord in
vain." * *
"It wa'nt in vain, Jedge. You jest
oughter seen that nigger run!"
1
r Orders For:
4 *
:Jows, Screen Wire,
r Coolers, Ice Cream
1, Basket Ball and
, /
\ SPECIALTY
?
Lowrance r
orated
WARE
tlA, S-' C.
*
R DENTIST?" I
ove I
WEPT7
) out-of-city patients
\
x... r
entai Parlors
JMB1A, S. C. Phone 586 i
;n and Moving Dental Exhibit
Stairs.
undays 10 to 3
ILLie
Demand
er Prices
ds by readjusting our prices
I roofing, metal shingles
. We hkve most attractive
iais as weir as on anything
srs' hardware or wood manOur
stocks are complete
,te shipment.
ROTHERS
I
umbia, 3. C. Phone 49S
' " " V' r . -
'?"* - 5 .'5v^V:' *i-**