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CLOSE MARGIN OF PROFIT IN OPERATION OF RAILWAY .arge Amount Of Capital Risked for Very Small Returns ,OF VITAL INTEREST TO PUBLIC Investors Will Not Provide Money for Improvements. Unless They Are Assured a Reasonable Profit on Their Investment' Atlanta, Ga.-(Special.)-The close 4. nargin of profit for a railroad under ipresent conditions is strikingly shown sby figures submitted by President Har rison in the annual report of South. ern Railway Company for the Ilacal year ended June 30th, 1916. Ia the most prosperous year of the Compa ,y's history the net operating income ($21,004,005.09) represented only 5.31 Vper cent on the Investment ($395,722,. 785.06) in the railroad and equipment 'which produced it. "It may perhaps be said," said Mr. Harrison, "that there Is no industry ex cept a railroad in which so large a capital is risked for such a return in Its most successful year." At a time when the newspapers dal 1y are printing articles in regard to increasing railroad gross earnings, as indicating a rising tide of general prosperity, it Is well to bear in mind the very small return on money in. vested in railroad property. Many persons are misled into believ ing that the railroads are fabulously prosperous by the mcre size of the fig -ures in which the earnings of large railroads are expressed, but it should be remembered that an enormous sum of money was required to construct and equip their plants and that the return on each dollar invested is rela tively small. it is manifestly in the interest of the employees of a railroad and of the public served that the railroad secure new capital for addition's and improvements to its llant so that it may give better service and offer en Jarged employment. However, this can be acccmplished only by allowing the railroad to earn an amount on the capital already invested sufficient to promise a return'on the additional capital desired. Governmental agencies may depress rates and enact restrictive legislation which will deprive the man who has already invested in railroads of a fair return on his investment, but no plan bas been devised for forcing the man with money in the bank to put it Into railroad construction or improve ment. Unless the investment appears attractive to him and offers a fair: return he will put his money in some enterprise that cannot be affected by .governmental agencies. Every employee of the Southern .Railway and every shipper served by ijt who recognizes his true Interest will 'do what he can to insure such a re turn on the capital now invested in the Southern Railway as will make the securities of the Company more at-I tractive to Investors, so the Company will be able to secure the additional capital needed to carry on a consist ently constructive program which wvill mean increased prosperity for every interest in the territory served by it. Southern News Bulletin. .The Southern Railway, Prem(iter (1arrier of the South Arrival of Southern local trains for Easley, S. C. in effect June 18, 1916. Northbound. Southbound. .No. 42-2.20 a. m. No. 43- 2.45 a.m No. 36-5.45 a.m. No. 29- 8.23 a.m No. 46-8.45 a.nm. No. 39-12.05 p.m No. 12-1.33 p.m. No. 11- 3.33 p.m No. 40-6. 14 p. m. No. 45- 9.55 p.m No. 30-7.27 p.m. No. 30 receives passengers for north of Charlotte and discharge passengers from south of Atlanta. J1. C. CAMP', Agent. Send your next or der for printing to The Sentinel and have it printed right Telephone i 27 THE KEO" PtCKE~ Salfe, Sond a We solicit your banking btn courtesy and convenience consisi Five per cent., interest paid on E J. P. CAREY, President.i Pickens School Honor Roll First Grade-Attis Cauley, Elsie He ter, Frederica Hallum, Virginia Lewi Francis McFall, Eleanor Mauldin, Cie Newton. Second Grade-Edith Hames, Hele Langston, Annie Mae Stewart, Winn fred Stewart, Margaret Valley, Quir ton Porter, Claude Seawright, Far Thornley. Third Grade - Eugene Alexander Wyatt Stewart, Linnie Cantrell, Na Newton, Margaret Richey. Fourth Grade-Margaret Bivens, Rut Grayley, Ethel Porter. 'ifth Grade-Neta Belle Johnsoi Daisy Bivens, Essie Stewart, Athali Hallum, Patti Porter, Ellen Freeman Lois Hames, Louise Hutchings. Sixth Grade-Frances Cox, Nanni, Morris, Edna Willis, Don Roark. Seventh Grade-Eula Stewart. Eighth Grade-Merle Hendricks Janie Holder, Ethelyne Gantt, Bernic Carey, Melenee Thornley. Ninth Grade-John Lynn Freeman. Tenth Grade-Margaret Aiken, Ber tha Cantrell, Annie Gravley, Harrisoi Edens, Joe Frank -Freeman, Frani Keith, Steen Looper. Honor Roll Glassy Mt'n. Schoo First Grade-Florence Day, Ralph Anthony, Frank Anthony. Second Grade-Irene Freeman, Franl Childs, Bryan Anthony, Irvin Hen dricks, Lillian Hayes, Elbert Leslie, Lloyd Leslie. Third Grade-Mary Chastain, Furman Chastain, Leroy Childs, Hamp Day, Ernest Leslie, Alma Hayes. Fourth Grade-Florence Hendricks, Agnes Leslie, Parker Hendricks, EvE Anthony, Furman Simmons, Eva Baker, Lucille Anthony. Sixth Grade-Ivy Hendricks, Jim Ec Hendricks, Johnnie Simmons, Cleo An thony. Seventh Grade-Lizzie Anthony. Ninth Grade-Ernesi :e Hendricks, Verona Mae Anthony,! --rtran Anthony. MATTIE Bow -N, Principal. LILLIAN PA/' tiiun, Asst. Honor Roll Praw rs School First Grade -- Robert Abercrombie, Cleo Cater, Garland Ferguson, Edna Watson, Marie Brezeal, Wade Brezeal, Fowler Brezeal, Joe Massingill, Ira Porter, Herman Stephens, James How ard. Advanced First Grade -Ralph Hunter, Etta Abercrombie. Second Grade-Clarence Bolding, Clec Bolding, Claude Bolding, Lela Bolding, Herbert Fergus6n, Florence Garrett James Seaborn, Eness Watson, Jame, Massingill, Floyd Howard. .Third Grade-Eugenie Lewis, LenE Pilgrim, Teenie Watson, Della Howard J. D. Ferguson, Bolt Looper. Fourth Grade-Mae Looper, Paulin( Massingill, Annie Brezeal. Fifth Grade-Cromer Looper, Luciu. Murphree, Ira Bolding. Seventh Grade-Mae Massingill. Miss IDA BAKER, J. D. VICKERY, Teachers. Norris School Honor Roll First Grade -Frank Clardy, George Clardy, Tate Maddox, Creed Mauldin. Advanced First Grade: Henry Entre kin, Lonce McWhorter, Estelle Patter. son, Mabel Patterson, Robert Smith. Second Grade-Lottie Alexander, J. C. Bolding, Bud Johnston. Third Grade - Ollie Ellenburg, Annie Bell Entrekin, Pauline Gaines, Arthmi Gilstrap. Fifth Grade -Norene J1ohnston, Thos, Tate, Cecil Young. Sixth Grade-Huston Alexander,Olivt Alexander, Lizzie Entrekin, I. P, Gar vin, Lillian Johnston. Seventh Grade-Clifton Mullinix. IL. E. KIRBY, Principal. Come to Pickens to (10 you: trading. Our merchants hay< the goods and they will trea you right. Renew your subscription t your county paper See The Sentinel for Printin NEE BANK NS, S. C. nd ProgressIa *siness and will showv you cyei ent with sound banking principle avings Deposits. J. 0. CAREY, Cashej' Mauldin School. Honor Roll First Grade-Lelia Holder, Truman Sheriff, Jewel Sheriff. Second Grade-Evangeline Dorr, Ethel y Rogers, Nell Stansell. Third Grade-Ola Satterfield, Ruth Prince, Roy Duncan. Fourth Grade-John Arlail, Ruby Mc Donald, Clarence McDonald, Ralph t Christopher, Ralph Smith, Gladys Les ley. Fifth Grade-Mildred Jones. " Sixth Grade-Nellie Barr. Honorable mention: Gladys Smith, Dessie Mc Donald. Eighth Grade-Velma Hammond. Honorable mention: Jennie Ariall, 3 Willie Ariail, Sunie Porter. Ninth Grads-Ethel Dorr. Honorable mention: Ruth Hinton, Margie Mc Donald, Estelle Stansell, Mamie Stan sell. EMMA HAMMOND, Prin. GRACE MAULDIN, Asst. I . Honor Roll Dayton School Following is the honor roll of Dayton school for the month of February: First Grade-Queenie Burns, Eliza beth Couch, Margaret Day. Second Grade-Ruth Couch, Nellie' Satterfield, Olivia Stegall, ClaudeThomas Third Grade-Nellie Leslie, Rusha Stegall, Essie Thompson, Clarence Thompkins, Lola Thompkins. Fourth Grade-Herman HawkinsCarl Leslie, Lissie Mauldin, Lizzie Mauldin, Milman Satterfield. Advanced Fourth Grade-Neta'Alli son, Bertha Burns, Bessie Burns, Eva Hawkins, Ray Hunter. Fifth Grade-Roy Burns, Townie Ste gall, J. D. Stegall, Ben Wilson, Marie Wilson. Sixth Grade-Willie Burns. SeventhGrade- Rosa Satterfield, Della Thompson, True Tompkins, Mary Wade. Ninth Grade-Verner Leslie Ernest Satterfield. A ADA HI. MILLER, GERTRUiE D. FoSTER, Teachers. TAKE NO ALCOHOL PREVENTS Colds, LaGrippe, Rheumatism A pleasant but effective emulsion, which rebuilds the tissues, revives the system, adds strength and stimulates the nervous system. Ithas absolutely no alcohol, and is in every sense a tonic. $1.00 PER BOTTLE Ask Your Druggist Manufactured Solely By FERROL COMPANY Columbia, S. C. 4 TRADE MARK '2 Leading SWIFT'S RI 20 to 50 poun brands of ferti lint per acre r out fory yourse The reas, ~from highest ~pounded, dou The diffe rAL WAYS This sa SWIF1'J yFactor s. Have been built and These figures-320,8: usisince August 1st, This unusual fall and confine the distributi< diate delivery to reta cars in anticipation o We are issuing this n selves against delay < you are planning to r take delivery now. Immediate orders wil Delay in buying at ti Enter your order tod, listed below and don' Ford PRK( Picken Phone No. 7 DVERSTOCKE )n a few staples, such as Sug loffee, Lard, Flour and Fec Will make special prices on t above till January 1. Car Cotton Seed Meal, car Shorts, car of Feed Oats, car Sweet Feed and a car of H. and another car of Salt on I way. Come in and see if have got what you want, or c Phone No. 36. Morris & Company Old Postoffice Building. Phone No. 36 - - 1iI* Southern farmers D STEER BRA ds MORE LINT lizer. Even at 15 educes your fertili2 if. You can prov >nl is that SWIFT quality and higi ble mixed and tho rence between SN SHOW UP AT me increased prodi BU B FERTILZI "It Pays IFT & COM Sales Office for North an les: Columbia, S. C., Savani OLGER. THIORNLEY & F 0 R I HE UNIVERS AL C 320,81? actually delivered to retail buyers L7-represent the actual number o 1916, and delivered by our agents winter demand for Ford cars.mal )n of cars only to those agents wh il customers, rather than to per f later spring sales. otice to intending buyers that t )r disappointment in securing For >urchase a Ford car, we advise yov 11 have prompt attention. tis time may cause you to wait sev iy for immediate delivery with ou t be disappointed later on. I Motor Corr 'ES: Runabout $345, Touring Car $360, Coupel TowniCar $595, Sedan $645, f. o. b. Detr is Auto Cc Notice to Creditors District Court of South Carolina, Western District of South Carolina. ( LI, In the matter of M. Parsons, Bankrupt, d. Liberty, S. C. he To the creditors of the above-named Bankrupt: Take notice, on the 17th day of Feb of ruary, 1917, the above-named bankrupt of filed his petition in said. court praying that he may be decreed by the court to t have a full discharge from all debts ;he provable against his estate, and a hear we ng was thereupon ordered and will be all had upon said petition on the 27th day of March, 1917, before said court at Green ville, in said district, at 11 o'clock in the forenoon, at which time and place all known creditors and other persons in interest may appear and show cause, if aythey have why theraer of said J. B. KNIGHT, Clerk. February 17, 1917. 46 wto R Your 'ertiIizer will tell you that 4( ND FERTILIZERS v COTTON PER AC e per pound, every 10 ~er cost $7.50 per ton. e it this year by using S 'S FERTILIZERS are iest-priced materials, roughly cured. VIFT'S and other ferti ' THE SCALES. iction applies to all oth Y NOW E RS, Red Ste. t~o Use Them' ni hface by PANY, (FERTILIZER V d South Carolina, Charlotte, N. C, nah, Ga., Chester, S. C., Wilmingt -UR, 1AR since August 1, 1916. f cars manufactured by to retail buyers. zes it necessary for us to o have orders for imme mit any agent to stock bey may protect them d cars. If, therefore i to place your order and eral months. e authorized Ford agent ipany et $505 at. mpany Pickens, S. C. Will Keep You Well When you a9 0ot a terrifile sick headache. become conati Dated or have any stomach or done or two of Granger 1% -!%,",4 OR Liver Regulator Will pUt You In ho shate. it Fiue th Purely kigetlfu l c lon-alcohoi lizers lC'.unt and effectively. I c au'er.. f.. Jan ro. ps. wAs s L n"'ks 1-6oa l ear and the. Doctor r-Br n1d s y. J.-R__ -.al OSo)yaldurltq.6 o Grrgr~oN. C u. , lataaaa en