The Clinton chronicle. (Clinton, S.C.) 1901-current, April 17, 1919, Image 1
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VOLUME III
CLINTON, S. C., THURSDAY, APRIL 17th, 1919
NUMBER 16
i
JPWJIU
COLD HMED
Death of 1. M. Smith.
Mr. I. M. Smith died at his home
near Kinardd Sunday morning at four
o’clock. His death was sudden. He
ibccn ig-bad ’liealtti "fcyr
Smile and Finish the Job!
ti
BILLION MW
Final Figures on Reparation
Given Out After Weeks ol
Negotiations by the Allies.
Paris, April 14.—One hundred billion
gold marks is the amount Germany
must pay the Allied and Associated
governments for losses and damage
caused in the war, plus other billions
ro be determised by a special commis
sion on which Germany is to be rep-
resentwl.
This is the final and definite con
elusion which has been reduced to
writing after weeks of negotiation
which took a wide range and involved
frequent changes and modifications.
The ipayment of the 100,000,000,000 gold
marks is to be divided into three dis
tinct amounts as follows:
First, twenty billions within two
years.
—Second, forty billions during thirty
years, beginning in 1921.
Third, forty billions when a com
mission shall determine how it shall
be done.
In view of the fluctuations through
which the negotiations have passed,
an authoritative statement was ob
tained today concerning final terms of
the settlement This sums up the
condition as follows:
Germany is at the outset held gen
erally responsible for losses and dam
ages in accordance with President
Wilson’s 14- points and the Allied re
sponse at the time the armistice was
concluded. To determine the extent
of the payment under this responsibili
ty, a commission is set up to take tes
timony, assemble data and arrange all
details of the payments from the ene
my and distribution among the Allied
and Associated powers.
While the commission will adminis
ter v the details of the payments, suf
ficient is known to permit the deter
mination that an initial payjfhent will
be required of twenty billion gold
marks payable in two years without
interest. It has also been determined
that forty billion gold ma^ks shall be
payable in bonds extending over a
period of thirty years, beginning 1921,
with a sinking fund beginning in 1926
These forty billion marks draw two
and one-half percent Interest from
1921 to 1926 and five percent interest
after 1926.
In addition to the foregoing pay
ments Germany also will be required
to deliver additional bonds for forty
billion marks when the commission
determlnes^-fhat this shall be done.
These three payments of twenty, for
ty and forty billions bring the total
to one hundred billion gold marks.
Beyond this total, the commission
is empowered to fix anything further
that may be required to cover Ger
many’s indebtedness.
“In other words,” concluded the
eminent American authority, who
framed the terms .and furnished tht
foregoing summary, “a commission
is to set up with power to collect from
Germany to the utmost of her capacity
to pay, within the limitation of her
indebtedness.”
It is in the gold mark that all pay
ments are expressed in the final terms.
This excludes depreciatedjmper marks
and fixes the standard of payment in
gold. The gold mark is worth about
the same as the English shilling and
before the war was'quoted at 23.82
American cents.
The allotment of the 100,000,000,000
marks amopg the Allied and Associat
ed powers has not yet been finally de
cided but a tentative arrangement
makes the allotment of France about
fifty-five per cent of the total; Great
Britain’s allotment between twenty
and thiry per cent and the allotment
of the United States between two and
five per cent. ^■
. " The text, of the opening'Clausevof
the terms, whereby Germany is held
generally responsible reads substant
ially as follows:
• “The Allied and Associated powers
affirm and Germany admits, responsi
bility for all losses and damages of the
Allied and Associated governments
^ and their nationals from the unjusti-
* flable warfare waged by the enemy
< powers against the Allied and Asso
ciated governments.”
Then follows a provision for the
cojhmlssion on payments, and extend
ed details of the operations of the
commission.
had ibecu In bad health fin "ffTTOT
two, but was a man of great energy,
and kept going though he know he
was suffering from high blood pres
sure and heart trouble. But he very
likely lived as long in his active out
door life as if he had shut himself in.
Mr. Smith was a successful man, as
farmer and ill any other busines
undertook. He was the president
the Smith Mercantile company at
Kinards, which doCs a large business
in both Newberry and Laurens.coun
ties, and exercised a wise control
over it though he did not confine him
self to the details of the work^ leaving:
that to well-chosen men. He was a
liberal man, especially towards his
Lurch, which he loved and which he
often represented in large eccesiasti
cal gatherings. He was genial and
warm-hearted and had hosts of
friends, who grieve at his sudden
death.
Mr. Smith was twice married; first
married and moved to Pittsburg, Pa.,
The only child by his first marriage
married aud moved to Piusourg, Pa..
and died several years ago, leaving
several “children. His second wife is
a daughter of the late John A. Crom
er of Newberry. The children by this
marriage are I. M. Smith, Jr., Misses
Drucie, Gertrude and Marion, .John
Earle, Bryan and Clifford and a
younger one.
The funeral services were held at
noon Monday, and the interment was
in the cemetery of the Bush River
church in the presence of a large
gathering of people.
Mr. Smith was about 67 years of
age.
MAJOR WORKMAN NOT
IN CONGRESSIONAL RACE
JAPANESE DON’T LIKE
THE AMERICAN WOMAN
At Least They do not Want Their
Daughters Educated on the Ameri
can InSui. ~ - .
Nearly 4,000 American-born. Japan
ese babies and young children, prac
tically all of them girls, are being re
turned from California and other
Pacific coast states to Japan 1 and
Southern California every year for
guidance under strict Oriental care.
Modern woman is advancing in
'ptrides too |fajpld for the Oriental
mind, and the Japanese are making
this move to protect their girls from
1919 ideas and modernism, accord
ing to Joseph Kertland, United States
in-migration inspector in charge of
the passport division.
Inspector Kertland said that. from
13 “to 15 app 1 fcatlbns* are made
through him each day for identifica
tion. papers for minor Japanese chil
dren to return to the flowery kingdom.
The parents or guardians of these
dark-skinned youngsters state the lit
tle immigrants merely are going to
the land of their ancestors to be edu
cated.
Great care is made to .establish the
TfiaOhey can return after receiving
their strict Oriental education—an ed
ucation that makes woman the “silent”
member of. the household.
In all cases birth certificates, affi
davits of the parents or guardians, are
attached to the photographs of the
children^ Identification marks on the
body are carefully noted.
The girls are to be returned^ to
America in from 10 to 15 years, after
being schooled to remain in the back
ground and be obedient to "their su
periors.”
*
Makes Definite Announcement at
Greenville. Will Resume his Law
Practice. ,
Major W. ID. Workman, of Green
ville, who has been spoken of as a
possible candidate" for congress next
year, has definitely anpounced that, he
will not make the race, according to
a news item appearing in the Green
ville Daily News several days ago.
Major Workman states that he will
immediately resume the practice of
law upon his discharge from the army
the last of the week.
The announcement of Major Work
man removes the name of one of sev
eral candidates who have been spoken
of in connection with this race. Others
w’ho have been spoken of are Capt. J.
J. McSwaln, formerly of this county,
and Capt. O. K. Mauldin, both of whom
have been in the army. Maj. C. C.
Wvche. of Spartanburg, has also been
spoken of as a possibility but, he has,
not made any announcement on the
subject. Congressman Sam J. Nlcholls,
the fincumbent, issued a statement
from .Washington several weeks ago
that he was considering returning to
-his law practice for financial reasons
and that he would not be in the race
“if a good man comes out.’!. ——
IXTER-SOOIKTY DERATE.
The annual inter-society debate
was hei<J last Friday evening in the
college auditorium and attended by
a large audience. The query for
discussion was, “Resolved that the
negro race in America should be
colonized.” The affirmative was
represented by Messrs. G. W. Wise
and E. L. Barber of the Eukosmian
society, while the negative was up
held by Messrs. S. H. Fulton and
R. E. Townsend of tbe ’Philoma-
thian. The judges were Dr. Dud
ley Jones. Rev. Edward Long and
Mir. C. M. Bailey, and their decision
was rendered in favor of the nega
tive side.
- BASEBALL TOMORROW. 9
With the University of Florida
furnishing the opposition against
the Presbyterian College, an inter
esting game of baseball is to he
staged tomorrow afternoon at four
o’clock at college park. The visi
tors are said to have a strong team
and are making a very creditable
showing on their present trip. A
good game is expected tomorrow
and a large attendance is /hoped
and asked for by Manager Rich
ardson. . ,
COST OF LIVING
TO REMAIN HIGH
Little Prospect of Material Redaction.
Shown by Statistics.
-New York, April 11.—There is little
prospect of a material reduction in the
high cost of living, sent soaring to
unprecedented heights by the world
war, in the opinion of O. H. Austin,
statistician of the National City Bank
of New York, who delivered an ad
dress here today on “Price? Yester
day, Today and Tomorrow” before the
editorial conference of the New York
business Publishers’ Association.
Mr. Austin attributed rapid increase
in prices to three principal causes:
First,-the urgent demand created by
ihe war for food and raw material for
the esc of the vast armies in the
field; second, the advance in vrages
due to the increased cost of living;
third, the, enormous inflation in the
'vorld’a cun envy -caused by the vast
quantities of paper money put out by
the leading countries. Commenting on
these factors he said: 1
“If the governments which have
been the chief participants in the
world increase in rnTreney should fail
to materially reduce that excessive
supply, and if-the world’s demand for
food, manufacturing material./'and
manufactures is to continue at the
present rate, are we Justified in ex
pecting a general reduction in prices
in the near future? The question, J
think, answers itself. There will, of
course, be instances in which thefe
will be material reduction but in gen-
«ral terms the outlook for marked or
rapid- decline at least in the near fu
ture dees not seem encouraging.”
«. *
The measure by which the currency
of the world has been inflated was
shown by the speaker when he said
that the warring-countries had issued
paper money with a face value of $36,-
000,000,000 or more than the value of
all the gold and silver mined v in the
world since the discovery of America.
This docs not include $80,000,000,000
issued by the Russian Bolsheviki.
Meanwhile, during the four years of
the war, the national debts of the
world have Advanced from $40,000,000,-
000 In 1913 to $220,000,000,000 in 1919.
He saw little prospects of an imme
diate reduction in this inflation in
view of the fact that the 1919-20 bud
gets of the leading countries of the
world called for four times as rtiuch
money as those of the year preceding
the war.
Present indications are, he contin
ued, “that the governments of the
world will be compelled to collect in
taxes about $50,000,000,000 a year ar
against $12,500,000,000 in 1913, or say
a billion dollars a week as against r
billion dollars a month before the
war.’
WILSON IS OPPOSED
TO ANTI-JAP LEGISLATION
Secretary of State Lansing So In
forms the California Senate by Ca-
bfr.
Introduction of anti-Japanese leg
islation in the California legislature
would be “extremely unfortunate at
this time,” said Robert Lansing, sec
retary of state, in a cable to the sen
ate ofCalifornia received on Thurs
day. ^
The text of the cablegram follows:
"Your considerate cablegram in re
lation to the proposed land legislation
in the state of California and in re
gard to the landing of so-called pic
ture brides bars been received.
“I wish to express to you on behalf
of the president and myself our ap
preciation for your informing us of
the bills which will be introduced in
t
In view of -the
present situation in International af
fairs here In Paris, It would be par
ticularly unfortunafe to have these
bills Intoduced or consBeed at this
time.”
A decision not to press to an im-
medtat e vote the report- of the senate
rules committee denying him permis^ js(nUlQJ1 in evcry way possible,
ision to introduce' AhtT-Japanese legis
lation, was reached by Senator Inman
In the midst of debate on his demand
for a record vote of the Senate on the
report. He had demanded the vote
after receipt of Secretary Lansing’s
cable.
HELMETS AND TANKS *
WILL AID CAMPAIGN
Columbia. April 12.—Five hundred
German helmets are on the way to
Columbia. They had been ordered by
Kaiser Bill for his soldiers to wear on
their triumphal entry to Paris, but
Bill Oladin was changed by the sol-
diersjof the 30th Division and the hel
mets along with a lot of other tro
phies reached Paris by freight.
Other trophies which are on the way
are the great war tanks which did such
terrible execution and caused the rout
of the Germans on many a battle line.
The three tanks will visit every county
in the state If possible commlnerng
with the 21st of April, the day for the
opening of the victory drive.
LtRliS VIM
m wwa
fact the children were b^n here so
Over-Subscriptions WiUbe
Rejected-Last Loan to Fi
nance War Expenses.
■ ■ i - /
Washington, April 13.—Terms of the
Victory liberty load were announced
today by Secretary Glass. They are:
Amount $4,500,000,000, over sub
scriptions to be Yejected. •*
Interest, 4 3-4 per cent for partial
ly tax exempt notes, convertible into
3 3-4 per cfnt notes wholly tax exempt.
Maturity, four years, with the Trea
sury reserving the privilege of re-
deemiog-lhe n©tes4n^4bree^year«^~-
The 3 3-4 per cent notes, to be is
sued later, also may be converted
subsequently back into 4 3-4 per cent
notes.
The 4 3-4 per cent securities are to
be exempt from State and local tax
ation, excepting estate and inheritance
taxes, and from normal rates of Fed
eral income taxes. The 3 3-4 per cent
tecurltles me exempt from all Federal,
RELIEF IN SIGHT
FOR COTTON SEED OWNERS
Cotton Association Announces that
There Is a Marked Improvement in
Cotton Seed Situation.
Columbia, April 12.—There has
bel'n a marked improvement in the
cotton seed situation, according to a
statement issued today by the South
Carolina Cotton Association, which has
been working on the seed situation for
some time. The statement urges the
farrfVers not to make use of their seed
for fertilizer purposes as the mills wili
make direct purchases. * mm
The statement issued by the associa
tion follows In full:
“The South Carolina Cotton Associa-
Jion has had up. the question of the
cotton, seed^situation for quite some
time.' They have been trying to get
relief for the seed situation through
every know source and are very much
gratified to inform the public that the
seed situation is being relieved to a
marked extent.
Tlie Federal Reserve
Board has rendered every assistance
possible in bringing relief to the seed
situation. The Federal Reserve Board
has backed up the movement with the
United States Food Administration and
the Division of Collaterar Commodi
ties of the United Stales Food Admin-
“While some oil has moved, still
the mills have been badly blocked.. In
formation now brings to light the fact
that orders are being issued to mills
to buy seed and the situation be reliev
ed as fast as possible. • '
“Farmers are urged not to use their
seed for fertilizer purposes, as the
mills will make direct purchases. The
proposition to store seed and the prp-
position to sell seed and accept a cer
tain amount of hulls for the same are
not in line with the straight out pur
chase of cotton seed which will cer
tainly be made by the mills. This*
should be a great relief to the farmers
as they have already been caused tre
mendous loss on account of not being
able to dispose of their seed.” >
has
GIFT FOR‘COLLEGE-
Thq Presbyterian College
just received a Liberty Bond from
the Christian Endeavor sodety inr
Bethel church, York County. The
college is anxious to establish a
Christian Endeavor scholarship
^d hopes other soeieties will fol
low the good example set by the
young people of Bethel Church.
COACH JOHNSON TO RETRUN,
Coaeh Walter A. Johnson who
is still in France, cxpeetsrto return
to this country ear|y in the sum
mer. He has already been engag
ed by the college to take charge of
athletics next fall'-and writes Dr.
Douglas that he expects to get here
by the first of September jo organ-
ize-his foof-hall tea m. Mr. J oh n -
son is a^splenditl athletic and.
is very popular among the Students
and throughout the city. The an
nouncement of his return to the
college comfcs as good news and as
sures a strong foot-ball team next
fall. “
State and local taxes except estate and
inheritance taxes.
The size of the loan was much
smaller than had been anticipated
by most flnanciaCobservers, who look
ed for an issue of about $6,000,000,-
000, particularly in view of Secretary
Glass’ past statements that the loan
would be five or six billions.
This will be the last liberty loan.
Secretary Glass explained, although
there will be other issues of govern
ment securities to finance belated war
expenses. These will not be floated
by popular campaigns.
None of the past issues of liberty
bonds are convertible into victory loan
notes, and there are no specific pro
visions In the terms of the Victory is
sue serving directly to maintain mar
ket prices of past issues.
In many ccMjmunities the selling
campaign alreifiy has begun actively,
without formal acceptance of sub
scriptions, said reports today to the
Treasury, although the official open
ing date is April 21, one week from
tomorrow. The drive will continue
three weeks until M&y 10.
“In fixing the terms of the issue.”
said Secretary Glass’ announcement
of the Victory loan, “the Treasury has
teen guided largely by the desire to
devise a security which will not only
prbve attractive to the people of the
country in the first instance but the
terms of which should insure a good
market for the notes after the cam
paign is over iiud identical prices for
the existing bonds of the liberty loan.
“This will be the last 1 liberty loan.
Although as the remaining war bills
are presented further borrowing must
be done, I anticipate that the require
ments of the government in excess of
the amount of taxes and other income
can, in view of t^e decreasing scale of
expenditure, be readily financed by the
issue .of-Treasury-Leerlificates from
time to time, as heretofore, which may
be ultimately Refunded by the issue of
notes or bonds without the aid of an
other groat popular campaign such as
has characterized the liberty loans.
“I am sure that the people of Am
erica will subscribe to this Victory-
loan in the same spirit of patriotism
which they have shown in the past to
the end that the notes may be as wide
ly distributed as possible, and that
our banking institutions may be left
free to supply the credit necessary for
the purpose of industry and commerc *
and the full employment of labor. Let
the world see that the patriotism of
America, out of their boundless re
sources, end with the same enthusiasm
•and devotion to country with which
they proseeuted the war to a victorious
ronclusion, are determined to finish
the job.”
Terms of the loan,,were explained
as. follows:
“The Victory liberty loan, which
will be offered for popular subscrip-
tion dn April 21, will take the form
of four and three quaters per cent
three-four year convertible gold notes
of the United States, exempt from
State and local taxes, except estate
and inheritance taxes and from nor
mal Federal income axes. The notes
will be convertible, at the option of
bolder throughout their life into three
and three quarters per cent three-four
year convertible gold notes of the
United Spates, exempt from all Feder^
al. State and local taxes, except estate
and inheritance taxes. In like man
ner the three and three quarters per
cent notes will toe convertible Into •
four and three quarters per cent notes.
* \
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