The Wateree messenger. (Camden, S.C.) 1884-1942, January 20, 1925, Image 2
VAST INCREASE IN
WEALTH OF NATION
TOTAL OF $320,803,000 IS INCREASE
OF 72 PER CENT 8INCE
1912.
Washington. ? The wealth of the
United States at the end of December,
1922, on the best estimates available
of all properly classified by the Cen
eus Bureau, was placed at $320,803,
862,000. The was an increase of 72.2
per cent for the decade, since In 1912
when the Census found the Nation's
wealth to be $186,299,664,000.
Many differences and necessarily
wide margin for estimate? and error
In putting together Its calculations,
the Bureau said, made its findings Im
possible of the close application given
to its population estimates.
The item of greatest value in the
catergory of National wealth was real
estate and Its improvements subject
to taxation, which were found to be
worth $156,908,625,000. The second
lt?m in point of size was the grouped
valuation of the clothing, furniture,
vehicle and like property of individu
als, which totalled $39,816,001,000.
Third on the list was the value of
manufactured products on hand and
in distribution, placed at $28,422,848,
000, while the next largest item was
$20,505,819,000 representing real prop
erty and its improvements listed by
the States as exempt from taxation.
The value of railroads and their
equipment as determined largely
from compilations of Interstate Com
merce Commission reports, was esti
mated at $19,950,800,000. The mach
inery, Implements and tools of manu
facturing industry were found to be
worth $15,783,260,000, while the value
of public utility property, fhcluding
telegraph and telephone systems, elec
tric light and power systems, street
railways, canals and irregation enter
prises, was-flxed ,at $15,414,447,000.
Commodity Prices Ar$ Increasing,
Washington. ? Wholesale commodity
prices Increased 2 3-4 per cent in De
cember, as compared with the preced
ing month. The Bureau of Statistics
of Labor Department announced that
its weighted index covering 404 com
modities rose to 157 for December
from 152.7 in November. In no month
since April, 1923, the Bureau stated,
have the prlcos averaged so high.
Farm products showed large In
creases over the previous month, due
to advances in grain, cattle, hogs,
eheep, eggs and hay, the advance in
this group, reaching nearly five per
cent. Food products also were higher
as were metals, cloths, fuel, building
materials, chemicals and drugs, and
house furnishing goods.
Of the 404 commodities, increases
were shown for 193 and decreases for
53, with 158 unchanged.
Bolsheviks Assail Hughes.
MpAcow. ? The resignation of Secre
tary Hughes and the suggestion in
some American newspapers that his
withdrawal presages a change in the
American Government's attitude to
ward Soviet Russia have greatly heart
ened the Bolshevik officials and press.
The belief is indulged in many
quarters that Mr. Hughes' retirement
was due directly to disagreement with
President Coolidge and his colleagues
over the question of recognizing the
Soviet, and the prediction is freely
mftdo that one of the first acts of the
new Secretary, Frank B. Kellogg, will
be In the direction of giving official
countenance to tho Soviet regime.
The Bolshevik papers print derisive
cartoons of Secretary Hughes, usually
referring to him as an uncompromis
ing foe of tho Soviet.
Those Who Gamble Must Pay.
Washington.? Those who gamble
must pay the government, win or lose
or drnw. The board of tax appeals re
cently hold that persons who win in
gaming operations must pay an income
tax on their winnings and Solicitor
Hartson, of the Internal revenue bu
reau, ruie<l that lossos are not de
ductable from gross incomes In states
where games of chance are illeg.il.
Pulp Mill Burned.
Harpers Forry, W. Va^ The pulp
mlfl plant of the Harpers Ferry Paper
company was destroyed by fire with a
loss estimated at $300,000.
?
College President Dies.
Knoxville, Tent) - I>r Oshley M.
Johneon, president and founder of
Johnson Bif>lo college, near here, died
fct a hospital in Baltlmori* according
to a telegram received by friends here.
Urge Maxwell For Federal Position.
Washington? Southern members of
Congress urged before President Cool
idge the appointment of a southern
man to the Interstate Commerce Coin
iMkm to fill the vacancy soon to be
created by tihe retirement of Mark W.
Potter, of New York.
Senator Simmons and Senator Over
mu, Democrats, North Carolina, pre
sented the name of A. J. Max wet'., a
jp Member of the Corporation Com mis
?ioft of North Carolina.
m ?
I
GERMAN PAYMENT8 TOTAL
86,263,557 GOLD MARKS.
Berlin. ? German reparation pay
ments during the four months the
Dawes plan has been In operation
reached the cumulative total of
286,263,447 gold marks, of which
Great Britain received 65,800,000
and Prance 113,600,000.
The collections levied by Great
Britain under the discovery act
during December amounted to 4.*
200,000 and France was charged
with 179,000 marks out of the same
source. Qermany delivered dye
stuffs to the value of 117,800,000
marks to Japan during December.
The report of Seymour Parker
Gilbert, agent-genoraT for repara
tion payments, for December in
cludes the reimbursement to Ger
many of 26,500,000 gold marks out
of amounts collected by the French
and Belgians in occupied territory.
' . i i
NATIONS MAKE AGREEMENT
GERMANY TO PAY THE UNITEDj
STATES $25, (XX), 000 A YEAR FOR
25 YEARS.
Paris. ? The British and American,
delegations at the conference of the j
allied finance ministers have reached j
a final and definite accord relative to
the payment of the United States of
the costs of the army of occupation i
and war damage claims. This was'
officially announced.
The agreement is subject to ratifica
tion by u pre ? vbkgqjvbgkqjjjj ;
ference, but, inasmuch as Italy,
France and Belgium entered the nego- :
tiations already pledged to support!
the American viewpoint, -and diver- 1
goncles existed only between the
British and Americans, ratification Is
regarded as a foregone conclusion. ]
The United States, under the agree- j
?ment, will receive about $25,000,000
yearly on the total of her claims,'
amounting to approximately $600,000,
000. Thus reimbursement of the Unit- j
ed States will occupy a period of 25 ;
years.
The sum remaining due for the costs
of the American occupation Is fixed at
between $250,000,000 and $260,000,000:
while the amount of war damage!
claims the conference has agreed
would be on the findings of the mixed '
claims commission. This ha* been
tentatively fixed at $350,000,000.
The terms of the agreement pro
vide:
First ? The payment to the United J
States of 550,000,000 gold marks year- .
ly by priority on the cash payments
under the Dawes plan, to apply on the!
American army of ocouptlon coets !
These payments are to begin Septem- '
ber 1, 1926, or after the extinguish
ment of Belgium's priority payments.
If the Dawes plan functions normally
that part of the United States claims
will be written off the reparations
book in 1943 or 44.
Second ? The United States will
share In the Dawes annuities at the
rate of 2 1-4 per cent, tho total pay
ments not to exceed 45,000,000 gold
marks annually, beginning retro ac
tively September 1. 1924. Those pay
ments will be used to amortize the
amount of the war damage claims as j
fixed by the mived claims commission, j
The American representatices have !
agreed that this latter amount should
not exceed $350,000,000, or with in
terest. roughly 1,500,000,000 gold
nuirks. Repayments under litis head
would normally take over. 30 years, but
it is expected that tho heavier pay
ments made In the later years of the 1
oporation of the Dawes plan will can
c e 1 tho claim in about 25 years.
Third? The United States obtains
the immediate release and possession,
upon ratification of the protocol, of
$15,000,000 now In the federal reserve'
bank, which was de.posited there by
the allies under the Wadsworth agree
ment.
These are tho broarl outlines of!
the agreement reached between Am- 1
bassador's Kellogg and Herrlck and j
James A Logan on tho one side, nnd
Winston Churchill and Sir Otto Nie 1
mover on the other, much to the sujr
prise of the continental delegations
because of the speed wit n which ai
situation that to them seemed a hope- (
less deadlock, the past three days has
been cleared up.
Plan Big Epworth Meeting.
Memphis, Tcnn. Announcement
was mado that a^commlttee of Kp- |
worth league leaders would meet hero j
February 2 to perfect plans for a south- j
wide convention of Methodist young
people. The date and place of meet
ing will be decided at the conference '
hero. St. Louis, liirnfinghain. Rich
ntond, Chattanooga and Memphis aret
among the ollies which htjve extende<|
invitations for the south-wide gather j
Ing.
Big Fire at Chicago.
Chicago One fireman was severely
burned, a dozen others were overcome i
by smoke and damage estimated at
from $500,000 lo $1,000,000 wan onus
ed b ya fire which burned for more
than five hours In a furniture 'building
in the business distrWrt. Hundreds of!
guests in the nearby Congress Hotel I
were routed by the smoke and by fire
men who used the hotel ha a vantage
point for hose lines Valuable oil
pain-tins and antiques were among the
furniture ?tock destroyed.
SENATE APPROVES
! UNDERWOOD BILL
t ' >
'.PLAN PROVIDES FOR THE PRI
VATE LEASING OF HUGE
PLANT.
Washington.? With final approval
of the Underwood private leasing bill,
50 to 30, the senate got Itself out of
'the parliamentary tangle into which it
! became enmoshed and so washed Its
j hands of the whole Muscle bhoals
problem, temporarily, at least.
[ The measure, alter a tempestous six
weeks' voyage in the senate, now goes
to the house, which, at the last bos
'sion, passed a bill accepting the offer
of Henry Ford, since withdrawn. The
procedure there remains to be deter
mined. The bill either can be sent
direct to conference or can be referr
! ed to the military committee.
Friends of the measure are making
efforts to have it sent to conference
between the two houses with a vlow
to obtaining final congressional action
! before this session expires on March
fourth, while opponents are laying
their lines to have it referred to o com
mittee in t.he hope that there will be
no final action by this Congress.
Senate approval of the Underwood
measure was brought about by a coali
tion of administration republicans and
a group of democrats. It came after
Senator Curtis, of Kansas, the major
ity leader had conferred with Presi
dent Coolidge at the white house.
Immediately after the senate met,
the Underwood bill was accepted for
the second time, 4G to 33, as a substi
tute for the Norris government opera
tion plan which had been approved, 40
to 39, over the Jones proposal to re
fer the problem to a commission.
With the Underwood measure back
before the senate, Senator Jones, the
republican whip, re-offered his propos
al, which displaced the Underwood
bill, but it was rejected, 43 to 38, ten
of the administration republicans who
supported it deserting it for the Under
wood plan.
Although Senator Norris previously
had announced he would not again of
fer his bill to the senate, opponents
of the Alabama senator's leasing bill
did not glvo up tho- fight. Senator '
McKollar, democrat, Tennessee, offer- j
ed a substitute proposing to refer the \
Muscle Shoals question to President
Ooolidge for settlement without con
gressional restriction.
With this measure out of the way,
the question came up on the final pas
sage of the Underwood bill and this
prevailed after Senator Norris had
made a last plea to the senate f.o with
hold its approval.
Opposing the Underwood bill on the
final vote were 13 republicans, from
western states, voted for the bill.
from southern and western states, and
one farmer-labor. Thirty-four republi
cans, 14 of them from western states
and 16 democrats, three of them from
western states, voted fo rthe bill.
Earthquake Kills 140.
London. ? Four villages have been
destroyed and 140 persons killed in
an earthquake at Ardahan, in Trans
Caucasia, says a dispatch to The Dally
Mail from Constantinope. The dis
PV'itch adds that 2,000 persons are
homeless with the temperature 22 de
grees Ferlielnheit below zero.
Radio Business Expands.
Now York ? Rap'.d expansion of the
radio industry which is fast becoming
one of the country's leading enter
prises, is attracting the capital of
prominent financiers, it was revealed
in an announcement that Percy A.
Rockefeller, Malhew C. Brush, ft It.
Harriman and others associated with
(hem were taking were taking a large
'nterest in the recapitalization of the
Music Master corporation, of Philadel
phia, said to be one of tho largest
radio distributors in the United States.
Movies Cost $86,418,170.
Washington.? The nation's motion
picture output In 1923 based generally
on the cost of production, was $80,
418,170, an Increase of 11.7 per cent
over 1921, according to figures made
public by the census buroau. The bu
reau's figures cover all processes and
activities connected with "movie" pro
duction Including stage Bettings,
"shooting" of the pictures, and de
velopment of the films.
Gives Girl Check, Ip Arrested.
Wfrfi ngton. ? A $.r>0 check which
police say ho gave a girl friend for a
eiir'stmas present, has landed Fred
crick Crydstorm. a 24 year-old drafts
man, in Jail here. Tho young woman
reported there was no <1 c* jx?a it. to cover
the oheck and Orydstrorn was arrest
ed on a charge of violating the local
"bad" olwk law
Two Florldisn* Drop Dead.
Jacksonville, Fla Two men died
horo while tihoy were at tho wheels ol
their automobiles Tho tragedies oc
curred on the same street and within
a few minutes of earth other.
William T. Slmmona, 69, died of
heart disease His car was parked
Harry II. Parfltt died from a c.erogral
hemorrhage. J Ollmoro noted Par
fltt's car passing slowly across a street
with tihe driver slumped down In the
seat, apparently dead. Ho jumped on
?the running board, applied tho brakes
and cut off bhe engine.
WEDDING JOKE 18 FATAL
TO TWO; MANY POI8QNED.
Pottavllle, Pa. ? Two men died,
three others were made critically
111 and numerous members of a
wedding party at Ollborton. near
here, were being treated in homes
along the Mahanoy vulley as a re
sult of what is reported by police
and phyaicl&ns to have been either
a wholesale poisoning plan, or an
ill-timed Joke. The names "of the
victims were not given out.
According to reports among Gil
berton residents someone at the
wedding put metal polish in the
punchbowl at the wedding feast.
First reports were that poison
alcohol was responsible but a phy
sician who treated the victims
stated that it was a powerful pois
on but that it had none of the
characteristics of alcoholic poison
ing.
SECRETARY HUGHES flETIRES
AMBASSADOR TO ENGLAND 18
SELECTED BY PRESIDENT
COOLIDGE.
Washington. ? Charles Evans Hughes
has resigned as secretary of state and
will be succeeded by Frank B. Kel- i
logg, of Mlnnesoto, now embassodar
to Groatn Britain.
The resignation of Mr. Hughes will
be effective March 4 when he com- j
pletes four years as head of the state
department. Mr. Kellogg is expected |
to take office immediately afterward, j
The prospective cabinet change was |
j announced at the white house. Mr. I
I Hughes, it was said, desired after 20 i
I years of public life, interrupted only
I by a short period, to return to private
life.
In his letter of resignation Mr.
Hughes expressed to President Cool- j
idge his "deep appreciation of the con
fidence you have reposed and of tho i
privilege of serving under your leader
ship."
Tho news of Mr. Hughes' withdrawal
| from the cabinet just at this time sur
prised the capital. It had been un- I
dorstood for some months that he de- J
sired to recoupe his personal fortunes !
by again engaging in the practice of j
law, but recently his friends had said
he prol\bly would remain for at least
another year In the official family of
President Coolidge.
Appointed by President Harding at
the outset of his term of office, the
secretary took from the start a firm
grip on tho conduct of the foreign af
fairs of the country, and was the ad- j
visor of the white house alBO on many i
questions of domestic policy. He car- |
rtfod a heavy load of responsibility at I
the Washington Arms conference as
head of the American delegation, and j
In the period of his service handled
also many Intricate questions growing '
out of the war. I
Now British Battleships. ,
I/ondon. ? The design of the battle
ships, Nelson and Rodney, now being
built by Great Britain under the pro- j
visions of the Washington naval'
treaty- is so revolutionary, according
to tho Dally Express, that It marks i
the end of the dreadnaught era, just j
as the dreadnaught ir>nrke>d the end of
previous types.
The new ships will be entirely dif
ferent from any others in the world, ,
the paper says. Both will be floating
fortresses and airdromes and will have |
a radius of action covering thousands
of .miles. Nine 16 inch guns will be
mounted on each in three turrents. all
forward. There will be no gunB on the
after part, which will constitute a
flight deck, and the ships will carry
ihnir own flying corps and planes.
Another feature, Tho Express says '
is that there probably will be no fun- j
nels, the products of the furnaces be j
ing discharged through pipes running
alongside the storn.
The distribution of the armor also
will be revolutionary. The magazines,
llko the guns, being all forward, the
usual armor bolt extending for three'
parts of the ship's length, will be un
necessary, ahd the weight saved on
the sides can be added to the deck
protection against high angle fire
Bear Races Motor.
Ketchikan, Alasak A taxi taking
passengers to Peninsula Point near
hero, recently caught up with a bear
.?(inning along the road. The driver*'
speeded ii p. but the boar, refusing to
;>o passed, accelerated h?1a own gait
For a mile the car and tho bear raced
(iruln led. Than, unable to take a
curve at high speed, he catapulatod
? lown a bank to a beach and disappear
??d.
Announced New Method For Cunver.
I/onlngrad, Russia.' Dr. Molotkoff,
professor in the neurological academy
bore, announces tho employment of a
new method of treating cancer which
ho claims will effoct cures The treat
mont consists In cut/ting tho nerve
leading directly to tho cancerous
growth.
According to Professor Molotkoff,
'.he nerves play a vital part In all
.:ases of cancer, At tho Academy of
\1odlcal Science ho exhibited several
;atlents, who, ho said, had been cured
'?y the new mothod.
HOUGHTON GIVEN
LONDON EMBASSY
COOLI DGE GIVES NO HINT OF
WHEN NOMINATION W^L BE
GIVEN SENATE.
Washington. ? Alsnson B. Houghton,
of New York, now Ambassador to
Germany, has been definitely selected
by President Coolidge to succeed Am
bassador Kellogg at London.
Cablegrams have been exchanged
between Washington and Berlin and
Mr. Houghton has Indicate*! a willing
ness to accept the post at the Court
of St. James, which will become va
cant when Mr. Kellogg assumes the
duties of Secretary of State.
Although Mr. Houghton's appoint
ment is assured, there Is no indication
as to when his nomination will be sent
to the Senate. Mr. Kellogg still must j
serve at the London post until he is j
prepared to rwturn for his new d.it:e?, j
and his nomination as Secretary of
State also will have to be passed upon.
The formal action in the case of Mr.
j Kellogg may be delayed until after
| March 4, in which case he would ba
given a recess appointment pending
' the assembling of the new Congress In
! December.
Mr. Houghton was appointed to the I
Berlin post by President Harding At |
| the tmio of his selection for the diplo
matic corps he was serving as a mem
ber of the House from New York. |
Mayor and Attorney Killed.
Florence, S. C ? W. H. Whitehead,
?4 7, mayor of Lake City, S. C. and Q.
P. Stalvey, 50, an attorney, were kill
ed when the automobile in which they
were riding was struck and demolish
ed by an Atlantic Coast Line passen
ger train at a crossing about 10 miles
from here.
The machine was struck broa<aide
by the fast tmin and shattered against
the pilot of a freight locomotive stand
ing nearby on a sidetrack. Both were
killed instantly.
W. L. Dean, engineer of the freight,
who jumped from his engine to warn
them of the approaching train also
missed death by inches when the ma
chine was dashed against his locomo
tive He escaped in a mass of flying
glass and splintered wood.
Senate Passes Fund Bill.
Washington. ? The senate passed the
first deficiency appropriation bill for
this year, carrying $159,000,000, of
whioh $150,000,000 is to be used for
tax refunds.
A sum of $2,600,000 was added by
the senate to the measure as passed
by the house. Of thi? amount, $200,
000 was approved for use on the Yuma,
Arizona, irrigation project on the mo
tion of Senator Cameron, republican,
S& that state.
The measure also included an item
for $3,501,200 approved by the house,
for continuation of work on Dam No.
2 of the Muscle Shoals plant.
Lefllon to Meet In Omaha.
Indlannpolis. ? The seventh annual
convention of the American Legion
will be held in Omaha. Neb , October
5 9. The national executive commit
tee selected the datos. James A.
Drain, national commander, was auth
orized to appoint a committee to in
vestigate erection of a memorial on
tho battlefield of Yorktown to French
sailors and soldiers kiiJod in the Revo
lutionary war.
Nominates Federal Judge.
Washington. ? Charlton H. Beattle
was nominated by President Cool id pe
lo bo federal Judge for the eastern dis
trict of Louisiana. Senator Itansdell.
democrat, ouislana, said that while he
would have preferred that a democrat
be named as the eastesn district,
neither ho nor his colleague. Senator
Broussard, would interpose any opiK>si
tion to the satisfaction of Mr. Beat- i
ties nomination
France Honors U. 9. Judge.
Washington. - Acceptance by Henry !
D Clayton, United States district '
judge of Alabama, of the decoration
and diploma of Chevalier of the Legion
of Honor of France, was approved by
bouse committee on foreign affairs A
bill authorizing the department of
state to deliver the decoration was
favorably reported.
Ban on Cottonseed.
Washington. Cottonseed originat
ing in the pink boll worm Infected
section will not be permitted to move
into the Interior of the state before
being crushed under nn order issued
by the department of agriculture The
order is to apply to the 1925 cotton
crop
Score Are Dead In German Wreck.
Berlin More than a score'of lives
are known to have been lost when
the Herlin to-Cologne express crashed
into a train standing In the station at
Heme, Westphalia.
Three oars were completely demol
ished, killing or Injuring many per
sons. Dispatches said 21 bodies had
been Amoved from the delxris
Heme Is situated five miles fro?m
Bouchum, in the Ruhr valley, the dis
trict until recently occupied by French
and Belgian soldiers.
MOTHER!
Child's Best Laxative
"California Fig Syrup'
ITurry Mother ! A teaspoonft
"California Fig Syrup" now will
oughly clonn the little bowels and
few hours you have n well, playful
ogaln. Kven If cross, feverish, bl
constipated or full of cold, chl
love Its pleasant taste.
Tell your druggist you want onl
genuine "California Flu Syrup" v
lins directions for babies and chl
of all aires printed on bottle. Mc
you must say "California." It
any Imitation.
African Negroeg
There are said to be more thai
CXX>,(HH> negroes in South Africa, c
Ing P.uslnnen. Katlirs and Ilnttent?
DEMAND "BAYER" ASPI
Take Tablets Without Fear If
See the Safety "Bayer Cross
Wnrnlng! Unless you see the
"Buyer" on package or on tablet!
are not getting the genuine 1
Aspirin proved safe by millions
prescribed by physicians for 23 j
Say "Rayer" when you buy As
Imltutlons may prove dangerous.
Record Clam Bed J
Off the southwest coast of I'll
Is the largest clam bed in the ifl
States. It covers lot) .square udf
"CASCARETS" IF BILIOlB
CONSTIPATED? 10c A I
If Dizzy, Headachy or StomiB
Sour, Clean tho Bow6ls.^|
To cleni
bowels
cramping
fu-tlnp, tak^
caret s."
headncho,
ness, billot
gases, indlgl
sour upset
ach and all
distress pone by mtirnlnK. Nloefl
ntlve and cathartic on earth for
ups and children. 10c a box ? all
stores.
Lumbering Along
"Tie dunrps as stiff an a board.'
"(if course, he's a post pnuluai
Atlanta Constitution.
Your telephone
placed on the An
tennaphone forma
on ideal antenna.
The Antennnphone will i
not Interfere with the
u?e of vour telenhonr.
CAFFR
than a Irou6(<fomn outdoor atria
DF.TTFR
than an nnn'r htly indoor atria
F.ASY TO INST A LI.
The Anl'nniDhnnf In not ?tt?che<l to. bvi
merely placed under the telephone. 7~het
connect the wire of the Antenniiphone t<
thj untfnrn pott of vovir ?et (ruhe or cry*
t?l) ?n<l tune In. The Antennaphoni
give* you (harper tuning, thereby jreatl
INCREASING SFLF.CTlVm
AND QUALITY OF RECEPTIOF
The Anlennaphonn complete tl Q(
with insulated wire, price . . 1
GUARANTEED
fo work (*r/fctly with any tui* or cryital
re<e\ver, err your dollar u/fli br r*funA*A.
AT YOUR DEALER
OR SENT BY MAIL UPON
RF.CF.IPT OF ONE DOLLAR
Antennaphone Co.
91 W?it Street
M*?w Y orlt City
...? ? ? ?? - .? . i. ...u. .iniMiii4<itiii|
WANTED to Employ i
Salesman in Every Count
in North and South Carolina who c
furninh hi? own car to noil our Una
medlcinrn direct, to tho conaumars.
DIXIE MEDICINE CO.,
14 S. Church St, Charlotte, N,