The Clinton chronicle. (Clinton, S.C.) 1901-current, July 31, 1919, Image 3
"It's & Cinch
tt
STANDARD OIL TO
ISSUE NEW STOCK
The. next time
yoijbuy calomel
ask for
The purified and refined
calomel tablets that sure
• nausealess, safe and sure.
Medicinal virtues retain
ed and improved? Sold
* only in sealed packages.
Price 35c.
THIRTY YEARS EXPERIENCE
IN FITTING GLASSES
E. B. GARVIN
OPTOMETRIST
Office Hours: 8:30 a. m. to l.i:50 i\m.
1:50 r. m. to G p. m
Office Commercial Bank Building
T ypewriter Ribbons,
Carbon and Adding
Machine Paper.
Scaife’s Book Store
One Hundred Million Dollars of 7 Per
Cent Preferred Stock Offered at Par,
New Stock Non-Voting and to be
Cnmnlatir#.
New York, July 25.—The Standard
Oil Company of New Jersey today an-
nounced a proposed Increase In Us
capital stock by $100,000,000, which
virtually doubles the present capital-
zation. The new stpck will be at 7
per cent preferred, but non-voting,
and twill be offered to present share
holders at par.
The tpurpose of the issue, which is
You are invited
J. B. FRONTIS
JEWELER
CLINTON, S. C.
Life
Was a
Mrs. F. M. Jones, of
Palmer, Okla., writes:
“From the time 1 en
tered into womanhood
... I looked with, dread
from one month to the
next. 1 suffered with my
back and bearing-down
pain, until life, to me was
a. misery. 1 would think
1 could not endure the
pain any longer, and I
gradually got worse. . .
Nothing seemed to help
me until, one day, . • •
J decided to
TAKE
VALUE OF SAVINGS
BECOMES APPARENT
Onn of Groat Lesaona of War Is That
of National and Individual Thrift,
Now Rapidly Growing
Now that the new German govern
ment has accepted the Inevitable, and
haa officially signed the peace terms
dictated by the allies and the coun
tries associated with them, the great
est and moat disastrous war that aver
•courged the world is ended.
For nearly five years the world haa
baan topsy-turvy. The things that
were needed yesterday are no longer
required, and the activities of the
great war establishments and muni
tion plants are being diverted to the
manufacture of Implements of peace.
There must now be a readjustment.
Governments that ha^p thought in bil
lions and spent money with a lavish
hand, must retrench and think in mil
lions and even smaller amounts, and
must gain a new perspective.
Viewed in the retrospect the twit
played by America lu the great world
war is one of the most glorious chap
ters in history. And in the making of
this brilliarft history the plain Ameri
can citizen played a stellar roll. The
mountains of munitisns, the equip
ment for the millions of soldiers, the
great ships that carried the m«n
across the ocean, could not have been
provided had not‘the common people
of America provided the money.
Much of this money was obtained
through the sale of Liberty Bonds
and War Savings and Thrift Stamps.
This great volume of monev has not
been wasted. First it brought perma
nent peace to the world, and now that
real peace is hero, every cent that was
so Invested will come back to those
who aided their government, and it
will come back with interest.
This war that is now hAppily ended
bar taught the people the value of sav
ing. They weqf into the saving
game as much through patriotism as
anything else. -But now that they are
reaping the returns, and see that what
they did with a patriotic motive Is a
real foundation for future fortune,
they have gained a new confidence in
their country, and they will continue
to buy the securities the Treasury De
partment offers, and will make the
country many-fold more prosperous
than it would have been had not the
war instilled the lesson that will prove
Invaluable in future years.
CANNOT LOSE MODIFY
IF INVESTED WISELY
Funds Put Into War Savings Stamps
Are Absolutely Safe and Yield
Handsome Profit to Holder
Government securities afford the
safest and most practical-investment
in the world. A War Savings Stamp is
a promisory note for $5 if redeemed at
maturity, or for the original coet of
the stamp plus accrued interest if -re
deemed before maturity.
It was only after America entered
the great world conflict that the small
wage**earner In this country was af
forded the opportunity of investing In
government securities; of becoming
co-partners with the government That
there are today more than 20,000,000
holders of government securities is a
fact which speaks for itself. "
When you buy a War Savingf Stamp
you are helping the government. To
be able to make a loan to the ffovern
ment, even as small as the sum repre
sented by a War Savings Stamp, is a
proof of patriotism 11 and also a practi
cal manifestation of that spirit of na
tional thrift and individual savings
which has come to us as a perpianant
heritage from the war.
ubject to approval—by—tfee—chare-
holders, is to provide for the ^‘vigor
ous prosecution of the department
campaign which the company planned
during the war and launched imme
diately the armistice was declared.
The new financing , will be under-
writte'h by J. P. Morgan and Com
pany, and will constitute the first
public offering ever made by any
Standard Oil Comfiahy.
In that respect aS-Wfeli gs other |
unusual features the project marks a
radical departure in the general fi
nancial policy <*f the world's largest
oil producers and refiners.
The new stock, which wil take the
form of a 7 per cent preferred cumu
lative npn-votlng certifle, will be list
ed on th^ stock exchange. This wil]
be the first Standard Oil security to
be openly traded in on the floor of
that institution. A detailed statement
to the stockholders from A. C. Bed
ford, chairman of he board, summariz
es the proposed issue as follows:
“The poicy of the company has been
to finance its growth from current
•
earnings, but in view of conditions
now existing and having regard to
the present necessity of the diversion
of a considerable proportion of these
earnings to excess profits and other
war taxes, your directors feel that it
is advisable to increase the capital
employed in its business by the
amount of the proposed issus of pre
ferred stock. It is the intention to
utilize this netf capital in the financ
ing of the further development of the
company’s equipment and resources^
which plans are already under way.
* £
GRAND. OPENING"
4 •
* 4 ■ * . * •
Saturday, August 2nd %
Pianos, Talking Machines,
• . . i r
and Organs
WANTED—To l>uv Liltertv Bonds
and Building & Loan stock. See .
GUY (’. PITTS.
Opposite Bailey's Bank
SAVE the LEATHER
LIQUIDS a/?c/PASTES - For Black,\Yhife.Tan«x/
Ox-Blood (dark brown) Shoes
KEEP YOUR SHOES
HEAT
SHOE POLISHES
.mwmWm
■ ‘C^.FFOALLET CORPORATIONS LTD. BUFFALO^ N.Y.
• v
The Woman's Tonic
“I took four bottles/* *
Mrs. Jones goes on to
say, ''and was hot only
greatly relieved, but can
truthfully say that I have
not a pain. . .
“ It has now been two
years since I tookCardui,
and I am still in good
health. . . I would ad
vise any woman or girl
to use Cardui who is a
sufferer from any female
trouble/'
If you suffer pain caused
from womanly trouble, or
if you feel the need of a
good strengthening tonic
to build up your run-down
system, take the |dvice
of Mrs. Jones. Try Car
dui. It helped her. We
believe It will help you.
AQ Druggists
•-V
PAYING OFF THAT
MORTGAGE
Theodor* Roosevelt said: “Thrift is
Merely the nae of hard common senae
In the spendlnc of money.” Paying
off the mortgage on the installment
elan by buying War Savings Stamps
is ona of the sees of this hard com
mon aenae.
Not only does this plan offer a prac
tical way of saving small amounts of
money, but email amounts may be
earning interest as soon as they are
set aside toward the collecting of
the* larger sum. This interest in turn
matertalty helps to reduce the $ per
cent interest rate commonly charged
on mortgages.
When the mortgage cornea due it
may either be paid off in whole, or in
part and ftenewed, the method' of
saving through War Savings Stamps
being employed until the principal is
liquidated.
WEALTH OF NATION
GROWING RAPIDLY
„ In Washington some of those ex
perts, who are masters of figures and
who have a mind attuned to statistics,
frequently dig up queer things. One
of this type has figured out that, the
total wealth of the*U.nited States is
$30Q,000,000,000. Then he figures out
the new wealth produced annually,
which he terms "net income/’ This
gets into j}izzy figures, too. He esti
mates that last year the national
wealth increased $18,000,000,000, which
he admits is going faster than the
normal Another Washington official
points out that one of the befit ways
td conserve this national income in
wealth is fo> individuals toJbuy War
Savings Stamps. -
ONE BATE PLACE FOR LIB- ^
ERTY BONDS—THE BANK-
PUT YOURS THERE
“May the vast lutiire not have to
lament that ypu neglected 1L M Buy
Thrift SUmpa and War Saving!
Stamps.
Is the glne on the back of War Sav
ings Stamps. .flavored With peppermint
or wtntergreen?/ Buy one and End
iA,
The Cumberland (Md.) Eve
ning Times prints the following,
which should be a reminder to
* all wtoo are iy>w keeping their
* Liberty Bonds or War Savings*
l Stampp in boxes around the
house or in broken tea pots or
in mattresses:
Mrs. William B. Dever. wife
of Fireman-Engineer Dever,
Baltimore and Ohio railroad, of
Rowleeburg, W. Va.; threw $1,-
850 worth of Liberty Bonds into
the Cheat river, back of her
boma, by misUke, with rubbish
she x bad cleaned from theiP
home. The valuable bonds have
not been recovered although a
diligent search of the Cheat
river bottom in that vicinity has
been made. ~
W, E. Dever’s great .loss of
bonds has a parallel- W. W.
I Wood, Baltimore and Ohio rail
road engineer, lo‘f $150 worth
of Liberty Bonds from his pock
et. They were a $100 rid $50
issue. Wood intended
to deposit the bdhds in a local
* bank. They have not been lo
cated.
A laborer unloading a car of
31 coal at Paw Paw, Saturday,
found a $100 bond in the coal.
It ia thought to have dropped
from the pocket of a car londer
at the mines. The laborer ^re
ported the matter to the com-
< > pany's station agent at Paw
Paw. It Is said, with a view of
returning it to 1U owner-
Buy Good Furniture for Your Home
EE ~' s U gives more pleasure than anything else that money could huy.
= . It becomes “a member of the family” associated intimately .jvith
EE motffer*dad and the children. It’s influence is^always Tor good.
EE We pride ourselves on the splendid quality of every piece of Furni-
S ture we offer._ ^
H There is nothing better manufactured at the Price—oftentimes at a
H higher price.
H Here you have the largest and most comprehensive stock in the
EE State to select from. ~
—— j
EE Everything that is worth while in things for the home—at Prices
§§ that you can’t duplicate.
.a i ■
§ ....
Car-load after Car-load of Home Furnishings for this Fall’s trade
has already arrived and ready for your inspection; other shipments arriv
ing daily. .
• There will never he a better time to purchase those articles you
need for your home than from our present stock. .....
We invite you to call and see our display.
S. M. £ E. H. Wilkes & to
LAURENS, SOUTH CAROLINA
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