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MONEY SIDE OF THE WAR[
When International Credit "Went to
Pot," So to Speak, Overnight.
In the August American Magazine
a well-known American banker
'writes an article entitled "The Money
Side of the War," in which he
reveals many surprising facts. In
the course of his article he tells as
follows how international credit
"went to pot1' overnight :
I "On July 27, 1914, in the midst
of the crash of security values on our
stock exchange, $12,000,000 of our
Igold was exported. The next, day
'Austria declared war nu Serbia and
in the ten days thereafter we sent
:$45,000,000 more gold out of this
country. The war became general,
tlreat Britain and most of the eonitinental
countries declared moratoria.
That meant internationally
that these nations stopped paying
their debts, but they could ask the
other fellow to pay what he owed
them. America, which did not declare
any moratorium, thus became
the target for everything. We were
the only people that declared themselves
ready to pay cash.
"Sterling exchange continued to
rise, and at one time soon after the
outbreak of the war touched $7.
This meant that, whereas ordinarily
'it costs us $4.8G5, we will say, to buy
the equivalent of what ?1 will buy, it
then cost us $7. And if we owed
?1,000 in London and bad to pay it
at once, it cost us $7,000 to do it,
instead of, as ordinarily, $L865.
Kven at that it was almost impossible
to get any amount of exchange.
Our vaunted international credit
system, built up over a scries of generations.
'went to pot* overnight.
lOcean transportation was violently
disarranged. It was impossible to
get bottoms wherein to ship; and the
rates for marine and war insnmnr-n
run so high that manufacturers
could no longer nfTord to ship."
1
IMPERATIVE NEED FOR SISAL
Not a Soda Fountain Gas. but the
Stuff Necessary to Maks
Binder Twine.
If the United States had not sent
several warships to l'rogreso, Yucatan,
to force the free exportation of
sisal, which had hcon forbidden by
Carranzn, the American farmers
would now be in terrible straits.
Sisal hemp is used to make the
hinder twine for harvesting wheat
and the farmers will need a lot of it
this year for the bumper crop. Sisal
is also grown in .lava. East Africa,
the Bahamas and the Hawaiian
islands, but little has been exported
from those places since the war began.
It was therefore necessary that
('arranzu's prohibition ho brushed
aside and that the free exportation
of sisal be allowed. As scon as this
began the exports for June, 1915,
jumped to 123,350 bales as compared
with 80,208 bales for the same
'month in 1911. In June, 1914, sisal
was bought Tor 20 cents (Mexican)
per kilo, a kilo being about 2 1-5
j>ounds, while in Juno, It) 15, the
price paid for sisal was 101 cents
(Mexican) per kilo. The tremendous
increase in price is due to the
hoary demand for it, which is inreasod
by the fact that it is impossible
to import from Europe products
that might replace sisal in making
binding twine.
AN UNDERSTUDY.
"I'm glad my husband got a motor
car."
"You enjoy the rides, eh?"
"Yes, and the car gets a lot of the
blame that used to come my way."
SEEING FATHER.
"Young man, is there any insanity
n your family?"
"Why?or?yea. Pin crazy about
your daughter/'?London Opinion. I
GETTING AWAY FROM BIZ.
"1 know one follow who never
mentions the weather."
| "Who is ho?"
t' "A meteorologist."
GENEROUS.
"Yon are n married man, tell me
'how to win a wife."
| "You don't need to win one, you
may have mine."
PREPAREDNESS.
1 Business Man?I shall spend my
vacation in training for soldiering.
His Wife?I shall put in the time
[in training to spend a pension '
' V"* "T
SEES WEALTH IN THE LAND I
?
Chinese Philosopher, Chang Chien, Is
' Called the Ben Franklin of
That Land.
The Benjamin Franklin of China,
the sage philosopher of the celestial
land, is Chang Chien, the modern
minister of agriculture and commerce
whose one idea is to put his
country on a sound economic nnd 1
social basis by improving the land. (
.Mr. unang was born sixty-two
voars ago. His father was a wealthy
land owner of Haimen, a country 1
town in Kiagsu province, near the i
month of the Yangtze river, a great
cotton-producing district. As a hoy
he saw the horrors of the Taiping
rebellion, which stirred him to help '
his country to better things. I
In the old regime the gateway to
success in political life lay In sehol- '
arship, and Chang passed the high- i
est in his province and became notp<l s
in China for his learning. Hut he <
did not bury himself in hooks. On I
(he contrary, he devoted all his energy
to founding and maintaining <
elementary, agricultural and techni- <
cal schools, as well as charitable in- <
stitutions. Furthermore, he was re- '
sponsible for increased production in '
his province both of crops and facto- I
ries. Land reclamation, fish hatch- >
cries and the improvement of waterways
were also on his program.
,
A PESSIMIST
R?^PlPBi8 '
"I don't believe one knows what
true happiness is till one marries." ,
"And then he has given it up forever."
MISLED.
"Why did you accept him, anyway
?"
"Because he proposed to me in the
handsomest automobile 1 ever saw." ,
"1 don't see what that had to do
with it."
"It had a great deal. 1 thought
the car was his/'
DOMESTIC TILT.
"Why do you persist in propping
your feet up on the veranda railing?"
asked Mrs. Cobbles.
"L guess it's just my contrary nature,"
answered Mr. Cobbles. "The
veranda railing is one thing you have
never been able to put where 1 can't
find it."
AN OLD STORY.
"1 believe the world is getting .
worse instead of better. Look at
what happened to the cathedral of
Reims."
"Tut, tut, man! The world is no 1
worse than it used to be. Look at
what happened to King Solomon's
temple."
THE REASON.
"Candidates for qtlice in Home 1
wore white robes to show their politieal
purity."
"Then 'tis no wonder Koine
howled."
I
AN OUNCE OF INVENTION.
Knicker?They are trying to improve
our navy.
Hoc!.or?Yes, an ounce of inven
tion is worth a pound of cure.
A MERE TRIFLE.
She?I'm worrying about my new
bathing costume.
lie?That's little enough to worry
about.
OVERDUE.
"Queer summer, isn't it?"
"Yep. The *ifl-it-hot-enough-foryou
fiend' is about six weeks overdue
already."
SMALL AMOUNT.
Mre. Meyser?Could you give me
a little money, my dear? .
Mr. Meyser?Certainly, my dear!
About bow little? j 1
v. "<Kiv
IUST HOW TO CURE A COLD
All Depends, Some Physicians Declare,
on How the Patient Aoqulred
the Complaint.
The proper treatment of a cold,
according to many physicians, de
GRAIN DOCKS AT ANTWERP
Plan Contemplates Concentration of
All City's Business of That Particular
Description.
The "dock of the concentration"
at Antwt ;> was, by the action of the
city authorities just prior to tlie
declaration of war, to have been a
reality in 101G. The plan, conceived
ten years ago, is to concentrate at
one great dock all the grain barges
which serve as warehouses and the
floating elevators which furnish the
business to Antwerp's 300 grain
houses. Those elevators, with eight
new ones voted last year, are twelve
in number and are owned by the municipality.
They are pneumatic,
with a lift of 100 feet, and one cares
for a cargo of 5,000 tons in about
three days, wjiieh formerly detained
a vessel ihere for fourteen days when
hand labor was employed. While
hostilities may perhaps set the work
hack another decade, hope may be
derived by Antwerp and other stricken
cities by rememl>ering how calamity
often has a most stimulating ef*
feet upon industry?as in such cases
as San Francisco, Baltimore, etc.?
Scientific American.
IMPROVEMENT.
"That man doesn't tell the truth
half the time."
"Well," replied Senator Sorghum;
"he must he reforming. A liftv per
cent veracity average is pretty high
for him."
THE NATURAL INFERENCE.
"it is said that a great many illicit
distilleries have been found in Kussiu
since the sale of vodka was prohibited."
"What do you infer from that?"
"Kven an imperial ukase cannot
take the edge olT a national thirst."
ITS NAME.
"This collection of clippings is a
history of prize lights."
"1 know; that is why it is a scrap
book."
ITS EXTENT.
"I)o you like the marble bust sent
you among your other ornaments?"
"Oh, it's head and shoulders over
the rest of them."
USELESS TROUBLE.
"Don't dignify that accusation
with a reply."
"I dare say a reply in this cuso
wouldn't answer."
ITS SORT.
"I hear .Tiggs has locomotor
ataxia."
"Is that one of the uewest
makes J"
pends in some degree upon the way
the person has taken the cold, It is
necessary to go back to the beginning
of the illness?to begin where the
cold began.
For instance, if one catches cold
bv getting the feet cold, say by going
out with thin shoes, and getting wet
and chilled, it is not the cold but the
long chilling that does the harm.
The best measure is to take a hot
foot bath. The cold got in through
th?* feet, so it should be driven out
through the feet.
If one gets cold by exposing the
back of the neck to a draft, resulting
in a lame back, soreness, cold and
ditTness in the neck, then hot applications
should be made to the bock of
the neck.
If the cold is the result of general
exposure and a lowering of the general
bodily temperature then a een
^ral hot huth is good. This should
>c taken at night. Drink a oduple
if glasses of hot water, get into the
(lot hath and stay there about half
in hour.
Have the hath hot enough to set
up perspiration. It may he as hot as
ine likes in the beginning, but when
perspiration begins, lower the temperature
to about 100 degrees, and
keep it there for aliout half an hour
more. Then lower it to about 95 decrees
and stay in the hath another
tiour. One may safely remain in
the hath two hours if suffering with
a. really had cold.
Drink some more water at the
dose of the hath and go to lied. It
is well to drink just as mueh water
is one can.
. ,t ?
SEEMED FATHER OF WORMS' [
Small Wonder That Little One Was
Surprised at Size of Big
Blacksnake. *
Wecta is a little girl who lives in 1
that part of Ijouisville at once and
comprehensively denominated the !
West end. Her real name, of course,
is Rita; but this is too much for her
I playmates, and their version of it has ,
' been taken by her and their elders
until now they have to stop and
think who is meant when this appel- |
lation is used. ; rj
Ordinarily, her communication, if
! not yea, yea, and nay, nay, is as
acceptable in the sight of good folk
as that of any six-year-old; but lasl
week an incident occurred which
startled her out of her accustomed |
decorum. She had been taken to !
the country for a visit and aceom;
panied one of the men to the big [
barn, where, in the course of his [7
labors, he uncovered a huge blacksnake
that had hidden under a pile i
| of hoards.
After it has been dispatched and
the excitement was all over, Weeta, r:
viewing the remains, ejaculated:
"Gosh! What a worm !" ?Louisville
Times.
A DIG g
He?Yes, I was going abroad, but
I?aw?changed my mind, you
know.
She?Well, I do hope you get a
better one in the change.
DON'T MONKEY WITH THE PAINT.
Bacon?I sec in the course of one
year more than f>,000 persons were
identified by their finger prints in
the London police court.
Egbert?Which goes to prove that
when a man sees the ''Fresh l'aint"
sign he wNints to take the sign's word
for it.
AN IMPORTANT DIFFERENCE.
"You realize that you are but a
6orvajit of the jK?ople."
"Not exactly," replied Senator
I Sorghum. "I can't help feeling that
I have a lot more respect for the
people than many servants have for
their employers."
TENTATIVE OFFER.
"Could 1 interest you in a little
scheme to make you rich?" asked the
suave caller.
"You might," answered the busy
person at the desk, "ff you would pay
me the first dividend in advance."
MARCH OF CIVILIZATION.
"Science is wonderful 1"
"Yes, I just read of a new gun
which can' send a projectile even ?
through a Bible carried over a man's
heart."
TOO NARROW.
Mrs. Knicker?l'oor man, here is
a penny.
Weary Willie?No, thanks, mum.
I don't approve of charitable foundations.
NATURAL SEQUENCE.
"The witness seemed to have his
wits scattered."
"I suppose that is why he couldn't
collect himself."
THE WORST.
"What is the most difficult disease
you have to contend with?" asked <
the student.
"Imagination," replied the do tor.
ITS KIND.
"Messenger hoys have no dress
uniform, have they?"
"No; theirs is striclly a fatigue
uniform."
A DRAWBACK.
"Jiggers boasts that he can marry
any woman he pleases."
i "ihtt-haps hn can, but he pleaaat
m few." JL
. mAv i mkm ? *
How N
i
JL/\i J. \J\JL 1
The Net Premi
. the Union Central
Policies written in
lows:
For $1,000.0
Kind of Policy. Aj?e ;
Ordinary Life $14.;
20-Payment Life 22.
15-Payment Life 27.;
10-Payment Life 37.
5-Year Term 8J
1
We write all f<
and rates are prop
Ask for specimen \
Bailes & L
=11 Si 1 Ell
VERY LOW RAT
Panama Pacifi
SAN FRANCISCO
Opened February 20th, Cloi
Panama-Califo
SAN DIEGO, C
Opened January 1st, 1915, CI
VIA
J
Premier Carrier
Tickets on sale daily ami lirr
Good going via one route and i
Stop-overs allowed.
From Round Trip Fare
Columbia, S. C $82.4?
Charleston, S. C. 85.1?
Orangeburg, S. C. 82.1?
Sumter, S. C 84.lt
Camden, S. C. . 84.14
Aiken. S. C 79.If
Chester, S. C. 82.91
Rock Hill, S. C 82.91
Spartanburg, S. ('. 81.5C
Greenville, S. C . 80.0C
Green' rod, S. C. ... 79.2(
New! ry, S, C 81.It
P portionately low rates from ott
tr: rates to Seattle, Wash.; Portlan
n i j other western points.
l ull information regarding the vai
i lednlos, etc., gladly furnished. A
quest. Let us help you plan your
Why pay tourist agencies, when oi
S. H. McLEAN, Division Pai
W. II. Tayloe, P. T. M.. H. F. Gary,
Washington, D.C. Washingt
BUILD
While the bui
and the savii
If you contemplate the erectic
barn, or outhouse, or the remoe
present buildings, DO IT NOW
if you act at once, for you can
now than you can possibly do it
30 or 60 days, we verily believe
have passed. Labor will becoi
Building Material market is aire
know say that prices wilLbe bac
We will supply you at close figu
nish you estimates on what youi
Take advantage of conditions
Build
Fort Mill L
Phone
Pay? ' J jl
ium charged by |
Life this year on %
1914 is as fol- |
,
O Insurance. *1
20 Age 25 Age 30 Age 40
38 $15.93 $18.32 $25.33 : 1
39 24.09 26.58 33.30 I
33 29.35 32.30 40.05 f
46 40.11 44.04 54.20
07 8.39 8.90 10.67
I LI <
? g
Dims of policies,
1
ortionately low.
Dolicy at YOUR age.
?
District Agents
lnti, Fort Mill, S. C.
SB I IE 11=1
_______ i
ES ACCOUNT 4
c Exposition,
, CALIFORNIA.
ies December 4th, 1915*
-i
>rnia 'Expos n
A L1FORNIA.
loses December 31st 1915.
Railway,
C?iL
yji mc ouulu.
ited 90 days for returning1,
returning via another.
i Ore way in PwtUnd, 0re(M
> $104.24
106.85
i 104.79
? 105.66
I 105.05
i 102.45
102.82
102.82
>. 101.00
L. i 101.00
> - 101.00
102.81
ler points. ^.Iso very low roundd,
Ore.; Vancouver, B. C , and
ions routes, points of interest,
lso descriptive literature upon
trip.
jr services are free? Addressis.
Apt., Columbia. S. C.
G.P.A., W. E. McGee, A.G.P.A
on,I).C. Columbia, S. C.
NOW
ilding's good
ng is great.
?n of a new home, tenement,
leling or repairing of your
. You will be the winner
do the work cheaper right
a little later. If you wait
the golden opportunity will w
l : ? i * ? * *
me ni^ner, me ljumDer and
:ady firmer, and people who
:k to normal in a short while,
res and will cheerfully fur- *
work will require,
and
Now.
.umber Co.
s 72.