The Union daily times. [volume] (Union, S.C.) 1918-current, August 18, 1922, Image 3

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1 ' 1111 Morgenthau Would Save Austria'* Intellectual Life Paris, Aug. lfi.?Henry Morgenthau has had time to receive many comments upon his proposal to rescue Austrjp from financial ruin which he announced in Paris July 13. * These the former American Ambassador tc Turkey doubtless has found encouraging and helpful, for he was cheerfully ready to elaborate hit project for the formation of a $50,000,000 corporation to reorganize Austrian industry. . He dwelt among other things upon the need of t.he wnrM n# Qa?in? +V>?? in tellectual life of Austria, and said charity was not the proper means to this end, but rather a benevolent and intelligent leadership from the outaide; men who would show Austria how to help herself. "What is needed is an outside, independent, and helpful influence," Mr. Morggnthau sqid to The Associated Press. "While my plan is primarily benevolent, I am quite sure that the international bank T have in mind will earn money from the start. I pitched on Austria for this work primarily, because I fear her large intellectual class may otherwise be starved out. ft would not only be a pity, but a loss to the world of art and medicine and music, should the world stand aside and let this people go to pieces. There is a larger class engaged in such pursuits in Austria than in any other country, and this is not a class that can be grown again overnight. Its existence is the result of centuries of study and thought and wealth and effort. "Since the Austrian Empire broke up, Vienna and the country round about has been floundering, politically and financially, with all the Allies and Americans inclined to help this fine people, but with no .one willing to take the lead to put the country economienllv r>n hor -toof A ~* 0 AVVV* ^ IUV Ui chartiy has been expended there, but charity is not exactly the solution. Austria needed a well-directed effort in reorganization. When a railroad does not pay in the United States, there is 'a reorganization, new capital and new blood are put in, and the new concern goes along and makes money. "There is plenty of actual wealth and possibilities for industry in Austria. What is needed is for some disinterested concern to create confidence, to get behind the Austrians and show them what they can do. "So soon as this bank is formed," Mr. Morgenthau continued, "I have no doubt we will have a large number of -Austrian depositors who are afraid to put their money elsewhere. There are today large sums of gold and silver money buried in the ground throughout Austria. Besides, Austrians have lafge deposits lying more One need' never fear that Austrian banks now existing will go broke; they have large stakes placed out side of Austria tocover them. "Austria presents an attractive financial proposition. She now is almost as large as the state of Indiana, or about four times the siee of Massachusetts. Vienna is the sixth city in the world. There are large possibilities in creating a tourist business. Consider what money was made, and is being made, out of Egypt by tourists companiese. "The art galleries of Vienna in them selves are among the most attractive in the world. If I had a hundred and fifty million dollars, Td give every cent of it to own the "Litchenstefn gallery. Austria has her watering resorts, her cures, her mud baths, her mountains, her old palaces and her castles rich in history, to attract strangers. "But the most money will be made out of her industries. Vienna is internationally famous for her furniture, her leather and art goods and toys, and her automobile factories. She has a large class of skilled workmen. She has mines of gold and other minerals. "Since the first details of my plan were publish<fd, I have had many suggestions. E. A. Filene, of Boston, told me he thought Vienna should be made a sort of free port, with no customs barriers, where all countries of Central Europe might come ant trade or exchange. ' "Many people have tpld me I would meet with big: political difficulties. To these I sa; that both Frauee avJ Italy are interested in seeing a strong; Austria, and I am sure England will offer no opposition. As for the neighbors of Austria, who were once part of the Empire, they will find it tc their advantage to have a banking neighbor with a stable exchange. All these countries are groping in financial darkness, well aware that, like the sword of Damocles, the fluctuating exchange hangs continually ovei their heads. "This international banking corporation will do all kinds of business such as J. P. Morgnn & Company dc in the United States. It will manage enterprises; supervise public utilities; extend credits; guarantee the purchase of raw material against securi ties; secure and distribute supplies of agricultures ir.a .hiwciy, una do al the multiple activities of any largi bank. "One of the helpful possibilities o1 a reorganized Austria is the furnish ing of freight for the old port 01 Triest which is now struggling for iti existence. If freight can be give) that port, this is another reason foi active Italian bacsking. "One of the American benefits tha I hope to see derived from this cor poration is the accrediting to it bj American organizations, M like th 4 -V | Chamber of Commerce and the big , industrial concerns, of delegates who will thus have a chance to study a foreign country. They can see how. " economic rehabilitation is being carried out and obtain information valuable elsewhere. In other words, ' this would be a school of econqmics 1 for Americans. 1 "Should no untoward circumstances intervene, I hope by this plan to see Austria within a very short time il1 lustrate to the world how a country may be put on a paying basis. Then ' there would be a model' in Austria ' for all of Europe to follow." 1 Big Warehouse For Cotton is Atlanta's Plan Atlanta, Ga? Aug. 15.?Plans to create in Atlanta a spot cotton marfcflt comparable to thfyy 0* Memphis and New Orleans is one of the.jjriucipal aims'and purposes of the Cotton Storage Finance company, which has begun operations here. The plant employed by the company is the Candler Warehouse, which was constructed before th; war for cotton handling and storage. It is one of the largest, best equipped and most modern plants in the country. It was commandeered by the War Department when the United States went to war with Germany and has been in continuous use as the supply base of the South3ast since that time. To its existence and adaptability for war purposes, Atlanta owed its selection as depot headquarters foi all the southern cantonments. In re verting to the original purpose of its builder, Asa G. Candler, the warehouse places Atlanta and Georgia in a strong and advantageous position to take first rank as a spot cotton market and as a storage, handling, concentrating and distributing point. The lessee of the Candler warehouse is the Cotton Storage Finance company of Atlanta, a corporation having $100,000 initial capital with the privilege of increasing it to a half million. J. J. Williamson is president; D. T. Manget, vice president; F. M. Ionian, treasurer and John A. Manget, secretary. The alliance which the incorporation represents is drawn all the more closely by the combination this month of the cotton firms of J. J. Williamson and company, and Inman and Howard, under the style of Williamson, Inman and Stribling, the senior members of which are acting executives of the I Cotton Storage Finance company. The general manager of the plant under its new administration will be Samuel Martin, who was its manager before it was dedicated to war purposes. He has had over 40 years' experience in the cotton and warehouse business. He will be assisted by experienced department heads. The capacity of the company for storage is 60,000 bales, all in fireproof, reinforced concrete chambers, sprinklered throughout. This takes AA insurance rating, which is the lowest rate written by any insurance company and the best proof of the highest type of storage. The facilities of the warehouse under its new management will not be restricted to cotton exclusively, but the company offers to the public commercial storage for grain, automobiles, merchandise and other commodities, upon which its negotiable receipts will be issued. Certain sections of the big warehouse are also offered for lease to firms, corporations and individuals desiring space under their own lock and key. Thp pnmnnnv \17ill pvhiKit nn IoKIpj every business day samples for the bids of mills and merchants. It is the purpose of the company to have a sufficient assortment of cotton at all times to attract spinners from the Carolinas and other Southern points, thus building: up the Atlanta spot market to the size .and importance of the leading spot market of the South. The new use of the Candler Warehouse, which covers more than six teen acres, will be a matter of interest to cotton men through the South. Poor Cotton Crop To Crowd Schools Florence, Aug. 16.?The poor cotton crop this year is going to mean a largely increased enrollment of pupils in the Florence county public schools, says A*H. Gasque, superintendent of education, who is making arrangements now for the. coming term. Children will not be needed at home to pick cotton because there ' is not much of a crop, and consc quenuy mey can go to scnooi, ne J says. ' Preparations are about complete for the opening of the coming term, says ! the superintendent. Nearly all the ' schools have been supplied with teachers for the term and there is a large Rupply available for all schools which ' yet need teachers. The earliest ol > the schools will open about Septem. ber 15 and the latest of them will be ! open by October 15. '> Many of the school districts arc ' doing a great deal of building this - year in preparation for the coming * terms. Timmonsville is erecting a 1 $40,000 white high school building and also a very suostantial building foi the colored children. Bethel school f is adding another story to its school - whic will have an increased capacity f of 100 per cent. Hannah is making a i similar increase in her school facili< \ ties. The negroes jn the Vox disr trict are erecting a new five-room school building for their children, t Superintendent Gasque is looking - for a very splendid session in th< j Florence county school system thii ? year. Entertained in New York " ' * New York, Aug. 11,?WKen Mrs. -Pinkncy Lee Eates Gantzburg, who is spending the summer at her summer home in Maine, learned that many of her Erakine college and other Southem friends were attending Columbia university, she immediately asked Miss Maude Bigham, Chester, S. C., r.nd Miss Rachel Parmer of New York city to open her New York home and assist Mr. Glantzburg in entertaining them. On Friday evening, July 28, a most delightful party was given in their palatial home at 281 Lexington averue. The beautiful flowers, lighting effects and delicious, refreshments add. <-d much to the eajporpj^ent of the evening, but it wfes a rare treat indeed to old-time fofoyfo who have act tnany interest^ i& u^pgrnon to wppt in the Glantzburg hontp, .to rpam through their lovely h0"j1pi stepping here and there to look*at beautiful handwoven Sweden tapjjpstrics, handwoven Swedish rugs, scores of books and pictures and to 3gp Mrs. Giantzburg's office, where she will practice law this fall. Mrs. Glanfeburg passed the New York bar examinations in March of this vear. She also received her doctor's degree from New York university this spring. She is one of the tnree women in the United States who have this new degree ? doctor of juridical science. Everyone regretted that Mrs. Glan* tzburg was not present, but thought her idea of a "party by proxy" was not only characteristically original, hut a most excellent one. Mr. Gantzburg was a charming host and gave as favors small Swedish toys, which were made in his sister's art school in Sweden. The guests were: Miss Sarah Patrick and Miss Lila Nicholson oi Woodward, S. C., who assisted in entertaining; Misses Virginia Reid and Lillie Brooks and James Bonner and p. L. Grier of Due West, S. C.; Misses Malvina Kennedy and Betty Morrah cf Troy, S. C.; Miss Frances Wideman of Greer, S. C.; Misses Kate Thompson and Mary Elliott of Columbia, S. C.; the Rev. B. McKtown of Prosperity, S. C.; Dr. J. B. Kennedy of Clinton, S. C.; Misses Weaver, Russion Short and Moore of Buena Vista, Ga.; Mrs. B. M. Sigmon of Chester, S. C.; Messrs. Elliott of Charlotte and Ackerman of Charleston, S. C.; Miss Georgia Blanck and Walter Martin, also Mnron Dtmis vey of New York City; Miss Stoodey and Mr. and Mrs. \V right of Brooklyn, N. Y. ondon Claims World's Best Ventilated Building London, Aug. 15.?What is said,to be the most up-to-date and complete ventilating system in the wprld...ia that installed in the Council Chamber of the London County Council's ?4,000,000 palace at Westminister, recently opened by the King. Its unique feature is that each ?l i -Ji iiicuiuci can cuikiui ills uwil u run cutate atmosphere. He has a "control" button below his desk, so that if he is feeling cold he can make the air that is automatically fed to him a little warmer?or vice versa?without upsetting his neighbor. Apart from individual regulation, 40 tons of air are automatically admitted and extracted from the Coun-! cil Chamber every hour. A maze of pipes beneath the floor of the chamber connects the air inlets and outlets with a room full of wonderful machinery in the sub-basement, including large but noiseless fans, water spi-ays, thermometers, dynamos, polished gauges and a network of bx*ass control pipes. Through the agency of this machinery the climatic conditions of any country in the. world can be introduced into the Council Chamber and the large committee room. A remarkable feature of the ventilating apparatus is that the effect of a sudden change in the outside temperature is immediately and automatically conveyed to the sensitive instruments in the sub-basement, so that they promptly adjust their efforts toward maintaining an even temperature inside. A fall of rain on the roof, or a spell of sunshine, are felt by the instruments, and they act acordingly. More remarkable still is the fact that a single member coming into the Council Chamber when overheated automatically effects the entrance of an additional proportion of cool air to balance the minute change. Fashions in HsirdrAUinv District Lawmaker London, Aug. IB.?A member of , parliament has proposed legislation to compel girls under 16 to wear theii hair loose, plaited, or hanging down ; their backs. i English mothers are protesting. They say the tendency among girls , today is to postpone the time for "put ting up" their hair, and that they have , trouble in persuading their daugh, ters to do this at a reasonable age. ' A prudent girl will not get into a i motor car with a man she does not know, and there are many wise girls who will not ride in chru with men they do know.?Kansas City Star. # ' Pacific Coast league teams will have 1 to speed up if they beat San Francisco ' to the pennant, from the pace thi Seals are going nowadays. i ? A 60-gallon still was found in the r Baton Rougo section of Chester couns ty Tuesday by the sheriff and his depi uties and ^he two white men running it were arrested. i The Attire of Wovmq Lawyer# . Ajt.a repent qa^TOPtipn of the Amer-<| ican Bar association the attire of, lawyer# ip .the^ou## hhii wm ? sub-, ject of lively debate, the increase in ttv# number oftrn##*?,d#wy era having brought Urn forward. I Some of ttm MiUll'U I #.i1l?1#a a regulation of igfxfe A?d others opposed it. ' In South. QfoUu# the custom, or rule, long -'that lawyers ' in court wear black coats. Emphasis vim not placed m#n the cut of the coats and the trou?in might .be of any color. Our Judges always have worn black gown# and in other states this habit has ..been growing. Indubitably the gowns and the coats have contributed tf> the dignity and solemnity of the tribunals. One is not sure that women lawyers should, be compelled to wear a legal uniform. One not like to think of a young lady Cqpaselor of 22 or 21? as a "bigwig." Not even our lawyers of sterrer stuff wear wigs, as in England. We set it down: that a girlish law yer Stiouid bo encouraged to look as pretty as she can in court and left to use all the artifices at her com. mand to win the hearts of the jurymen and the judge. Portia, however, wore a gown and never had a flapper more winning ways. The subjsjtt is charming for debate. Millions of words cnn be said on either side of it. Our decision is in favor of the women lawyers." They are the best judges in the -world?of what to wear. Courts of law are dull and drab. If we were on the jury we would welcome the pretty-girl in the shirt waist and sailor hat and gladly hear he.expound.?The State. Two Cows Main $30 More Per Month When you hear a farmer in a cotto.i and tobacco county, say that the velvet bean is the gpHatest crop for that section, you mayirtlhke up your mini] that an important change is takingplace in the agriculture of the region. The man who-pladed the velvet bean above the old standby a is P. M. Pitts, a farmer of Sumtef'43oanty, S. C., and the change is being brought about by the dairy cow. Mr. Pitts is so well pleased with the results of a few years of dairying that he says, "I should hke to seatifwo"good cows on every one-horse iarm in Sumter county, Tt. wnuM <ttndnn Jt?0 n month additional income tOi every farm and the feed used in mincing milk would hardly be missed, There is many a mah who would be foppy ^o have that income, and since tie ticks are gone it is easily P^BsibteJKget it. "A farmer cows wit1 need to buy feed. The grain ratiou l made up of 200 poun3s*o} v&y " Hs; ground In the pod, 200 po^8tent-Ijrn and cob meal, and 100 8 ?' cotton-seed meal. -This fed lfflftI^WiirJust as good results as a mixtukrel foekl that cost $60 a ton. In the winter the cows have velvet bean vinei for roughness end pasture or rye planted in Sep. tember. "This will be a disastrous year for many farmers in this section who have no stock. Our ^county used to grow 46,000'bales ofVootton. a year, but the weetil has cut down-the production from year to year and this fall we will probably get no more than 12,000 bales." Mr. Pitts has cut down his cotton acreage onevhaif ^deveJopiag a dairy herd frrnn-whidp htrretails Tthe milk. He has found pastures dependable and puts up enough corn silage to last the year r^und.?Gastonia Dailv Gazette. ^ 1 ? H Royalty of Uttuia Reaped the Whirlwind Greenville News. The letter and diary of the late czarina of Russia, recently brought to light, make a curious study. They reveal what mfght be called the last stand of absolutism. The czarina, sister of Kaiser Wilhelm, shared the Hohfcnzollero spirit, she had^ supreme confidence in herself and in the right and duty of rulers to rule as they pleased. She was always trying to stiffen the backbone of her poor, weak.husband, Czar Nicholas. "Oh, my dear," shs wrote in one | fetter, "when will you J>ang your fist on the table and fores them all to tremble before you? To love you is not enough. They mupt fear you." Again: "The czar rules, and not the duma. You must let them feel your hands. Russians like tt> feel the whip. People told me that long ago. Oh, that I could pour my Strong willinto your veins! Be Peter the Great, Ivan the Terrible and Emperor Paul all in one." 1 She urged Nicholas to send Milukoff and other ithssian patriots into Siberia, and told him to be "a lion in a fight against a handful of beasts and republicans." "I fight for my baby's future," she repeated again and again, referring to. her son, the czarvitch. And* all she accomplished wai to i>ring that ; poor little lad, along with herself , and her well-meaning husband, in one i sad, erumpled heap at. the bottom ol a well, while the populace danced ir joy at its liberation. ^ Raging against democracy, the "foolish czarina only hastened it ami s made it bloody and terrible when it came, instead of calm and reasonable It will be long before another ex! emplar of royalty will be so rash af ' to follow her example. ? i i Jupiter's year equals nearly twel\< of our own. ( M1 c- ? ?- i I.I. i ggaafcaMet i I X i 1 T t T | ? T i WAN' i I EIGHT THOUSAND DOLl j: SUBSCRIPTIONS TO STOCK | WE ARE PLANNING TO T f. CROPS A YEAR. ONE THC | PRODUCE. YOU WILL HEL | AND YOU WILL BE MAKIN< X MENT IF YOU WILL TAKE | OF STOCK IN THIS ENTERPR | HELP US TO HELP UNION | DIRECTLY, YOURSELF. X OUR ONE AND ONLY | OPERATIVE CAPITAL. TAKI t t | Union Canning X LEWIS M. RICE, I | ! ; r.;/' ; iH . . I ! t t T & I % 1 I mi I LI/ | X LARS ADDITIONAL f IN THE CANNERY. i AKE C^ARE OF FIVE ? lUSAND ACRES OF X P A GOOD CAUSE X S A SAFE INVEST- X $50, $190 OR $500 | 1SE. \ COUNTY AND, IN- % T SHARP NEED IS * E STOCK! | V :? | Products Go. I X President. V X T t T X T X . ? t > f T i t r t x I * X X I A 0 0 . * . v afl / ,