The Barnwell people-sentinel. (Barnwell, S.C.) 1925-current, August 05, 1926, Image 6
THURSDAY, AUGUST 5TH, 1!
A Famous Trio, All Set to Go
liatd up on th« murk w# have Tony Plwikj', Georgetown Uni
versity and Intercollegiate Penn relay champs Emersoir Norton, In
door College High Jump champ and Charge Hoff, Norwegian Pole
Vaultar, ready for a trial run at Georgetown University, where Hpff
and Norton trained for the N. Y meeting with Harold Osborn for
the world decathlon championship. .
How Americans Are Paying the
^ British War Debt to America
Harvey S. Firewtonc Give# Some Intcreating Information About the
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Workings of the Stevenson Restriction Act, Which Controls
' the Price of Rubber.
r . A i
On August 1st. the British Govern-
aaent will unquestionably adopt a new
and more drastic restriction of the
production and exportation of rubber,
aigl I feel I should bring to the at
tention of the American car owner the
full import of what this means.
§» minimum price of rubber under
the new restriction is to be set at 42
cents per pound. The Stevenson R#v
■trietion Act as originally adopted
November 1st. 1922, ftxed the mini
mum price at 26 cents per pound. One
of the arguments for the adoption of
this Act by the promoters of the
scheme was to stabilise the price of
rubber between 26 end 80 cents per
pound, but instead of fulfilling this
function, it not only increased the
price beyond all reasonable limits
but also through resulting wide fluc
tuations mad, a very unstable, specu
lative and hazardous condition for the
rubber manufacturers.
Rubber was seHing 'around 14
cents per pound when the Stevenson
Restriction Act became effective. The
Act allowed 60 per cent of normal
production to be exported and called
for quarterly-revisions according to
the price of rubber. That is, if the
price of rubber fell below an average
of 26 cents per pound for any quar
ter an additional 5 per cent restric
tion would be placed, and if the price
of rubber for any quarter averaged
above 30 cgntt an additional 6 per
cent would be released. In this way,
it was claimed, the price of rubber
would b? stabilized between 26 and
30 cents per pound.
Immediately upon the adoption of
the Restriction Act the price of rub
ber advanced. The frrrt quarter’s
average was above 26 cents per pourfd
and apld ns high m 38 cents per
pound with practically the same avail
able rubber stock in the trorld as ex
isted in the previous quarter when
the rubber was 14 cents per pound.
It was not until the'second quarter of
1924 that the eyerage price of rub
ber fell below £5 cents, at which time
an additional 5 per cent was restrict
ed. Next quarter rubber was still
below 25 cents and a further 5 per
cent was restricted, thus alloisring
only 60 per cent of normal production
to be shipped from the British Colo-
nies.
These additional restrictions ad-,
vanced the price; in the last quarter
of 1924 the price of rubber averaged
above 30 cents per pound,and 5 per
cen* was released. The price continu
ed above 80 cents—in fact sold as
high as $1.23 per pound in 1925—and
according r to the provisions . of the
Act, 100 per cent of standard pro
duction was released on February 1,
1926. These additional releases of
rubber brought the price of rubber
down from over $1.00 per pound dur
ing the last quarter of 1925 to an
average of 60 cents per pound in
April, 1926.
On Aprii 26th of this year—thr
British Colonial office announced that
if the price of rubber for the next
quarter beginning May 1st, did not
remain above 42 cents per pound for
the quarter, it wquld place a new re
striction on rubber allowing only 80
per cent of normal production to be
expjorrted in the folowing quarter,
starting August 1st, 1926. Rubber
continued to decline rapidly until it
reached 42 cents, and now the average
price for the quarter is around 42
cents. As there are over 26,000 tons
of rubber in London under the con
trol of powerful interests whose pur
poses are best served by having this
new restriction, and as the Act calls
for the price to be ftxed for each day
by the last sale at three o’clock, it
should be very plain to Americans
that this quarter’s average is more
lik«dy to be a'little under 42 cents
thah a little over, and that on Aug
ust 1st, we will again have British
rubber production and exportation
restricted to only 80 per cent of nor
mal production.
This being So, I want to call particu
lar attention to the fact that the
minimum price of rubber fixed by
Jor Economical Transportation
7Chevrolet!
reduced
(Chassis oafy)fab JlintMichifan
Chevrolet trucks haVe
won worldwide accept*
ance on the basis of low
first cost, low operating
cost and slow depreciation.
^ "s spectacularly grow*
popularity has made
the new restriction ir 42 cant* in
stead of a minimum priee of 26 cents
ftxed in the Stevenson Rubber Re
striction Act of November .1, 1922,
or 17 cents a poqnd higher. One
cent a pound advance on~Irn£ber im
ported into the Ufcited States in one
year means over eight million dollars.
It is very easy to figure thst Ameri
can automobilists have an additional
minimum fixed charge on their trans
portation of $136,000,000 per year.
It is unthinkable -that Americans
will sit idly by and allow k com
modity so vital to our wellfaore, trans
portation' and commerce to be held
in the tight grip of a foreign monopo
ly that tele us how much rubber we
may receive ahd how much we are
to pay for ;t. In January, 1928—
two months bfter the Stevenson Rub
ber Restriction Act was announced—
I presented figures and statements to
officials in Washington showing them
the seriousness of the situation and
succeeded in April of the same, year
in having Congress appropriate $500,-
000 to investigate new sources of rub
ber supply. This investigation and
personal investigations that I have
made, show there are many tropical
countries where, rubber can be grown
profitably.
T-
On account of the enormous capita}
required for the growing of rubber,
and as ‘investments are without re
turn for several years, Americans are
not keen to make these inveatments
unless they are in countries under the
control of or protected by our own
Government, no matter how large the
returns on the investments may. be.
The Philippine Islands hold out great
opportunities for America, and also
for the Philippine Islands itself if
proper legislation is enacted to en-
courajfe capital to invest there in
rubber growing on a substantial scale.
Soil and climatic conditions are ideal,
and rubber in a small way is being
grown on the Islands of Mindanao
and Basilan. These islands could be
made the richest and most prosper
ous country in the. Far East. It is es
timated that Great Britain now has
over $600,000,000 inWfcted in the
growing of rubber which fives big
returns. There* can be no question
that today its rubber growing indus
try is one of the most valuable pos
sessions the British Empire has. This
fact is borne, out by the significant
statement of Winston Churchill in
referring to the Stevenson Restric
tion legislation that “One of the
principal meins of paying the debt
to America is in the provision of
rubber.'
The first year after restriction we
only received X.OOO tons additional
rubber and America’s rubber bill was
$84,000,000 more, in 1923 than in 1922
and by 1926 our rubber bill had in
creased $328,000,000 with only 95,000
additional tons.
^bnui qouf
Health
LHings You Should Know
necessary a greatly in
creased production — the
economies of which are
now being passed on to
Chevrolet truck buyers in
the form of a drastic price
reduction.
‘M
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4'
r-YOUMANS CHEVROLET
Barnwell, - - South Carolina
THE ALARMING PREVALENCE
OF HEART DISEASE.
Let my reader bear in mind that
I am speaking strictly from my
owfi experience, not from the au
thorities. My opinion is, that
throat infection# lead in cauring
serious heart affections. Influcnsu
is a- most dangerous and deadly
thing if neglected. Tonsillitis may
cause either valvular disease, or
myocarditis. No throat infection
should go untreated for a single
hour.
Colitis, accompanied by putre-
faction in the colon, is a potent
source of heart disease. The pres
ence of indican in the urine tells us
that we have the making* of ser
ious carlo-vascular trouble, unless
we attend to that colon, and diet
accordingly. Once heart disease is
set up, every hearty meal aggra
vates the circulatory disorder. If
you happen to have a large abdom
en, out of proportion to your gen
eral build, jfou are putting up with
something that will make you
trouble some day. Watch the colon.
Of course pneumonia and rheu
matism often leave infective
hearts, bo*h of them bearing dis
ease-germs from the respiratory
organs. With such a heart it is
•utter foolishness to give heart
stimulants with the idea of effect
ing a cure, until you are rid of
the germs that are causing the
weakened heart. In my experience,
vaccines are the most rational
treatment for infections, though
many physicians seem to believe
differently. When failure occurs,
the diagnosis b probably inaccur
ate.
Two valuable suggestions for the
heart are.—do not neglect your
thragt, and, taka ears of the colon
—do not overeat In thb way you
may iesssn your chances fee
L 1 - CHAS. G. HOUSTON ~
W COTTON FACTOR ' . AUGUSTA, GA.
Don’* merely accept the “highest bi^’Von^sor cotton. Let
me get the MARKET VALUE for you. Tfc "highest bid”
be $]0.(X) per bale under the market value. y
~ HONEST, RELIABLE SERVICE
may
— —
' ■*' i- ' *•' . i* ■ v'** v.
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New manufacturing enterprfegfein the
territory served “by us are invited to
communicate with us, as we may be
able to afford assistance in the firi&nc-
ing of their enterprises, as well as as
sist in the distribution and sale of
their products.
Any service that is within our
power for the development of the
Edisto-Savannah section will be cheer
fully afforded by us at any time.
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• . » ■
The Eduto Public Service Co.
Denmark, South Carolina
i
"Flowers for all Occasions”
Aitiatic Funeral Wedding Work A
Designs Specialty
Orangeburg Floral Company
“When You Think of Flower*—Think of Us"
Orangeburg, S. C.
The following agents will render you prompt and
efficient aerrice. They are your “home town'* florists.
Buy your flowers through them:
BARNWELL. S. C DEASON DRUG CO.
BAMBERG, S. C MACK’S DRUG STORE
BLACKVILLE. S. C *... EPF’S PHARMACY
BRANCHV1LLE. S C. OLIVER DRUG CO.
=
Frigid&ire Means SAFE ^
. Refrigeration 0
FrigkSaire electric refrigeration
automatically maintains a low \
temperature that keeps all foods
fresh until you're ready to use
them. It makes you inde
pendent of outside ice supply
and protects the health of your
family.
See Frigidaire deiponstrated.
Ask . for details of our con
venient purchase plan.
Willis ton Hardware Co
Williston, S. C.
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BLBCTaiC A RBFRIOBBATION
Farm^Loans 6 per cent, large amounts. Town prop
erty m Barnwell, residential and business, 7 per cent
Loans procured promptly at lowest cost.
Allendale, Bamberg and Barnwell Counties. •
THOMAS M. BOULWARE
Attorney-at-law - Barnwell, S. C.
Boating, Swimming and Boats Fme to
Fishing, Excellent Guests -
ALL JOY HOTEL
/ ON THE SALT
BRIGHTON BEACH - BLUFFTON, S. C
SEA FOOD A SPECIALTY
Opens June 1st Rates Reasonable
INFORMATION
Mrs. Harry W. All . . June, July and August
f Bluff ten, S. C.
SEND US YOU! ORDERS FOR JOB PRINTING.
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