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