Historical Newspapers of South Carolina

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^ y : g Pjc (Ecmntg g 4OL. :15. K1NGSTREE, SOUTH CAROLINA, THURSDAY, APRIL 17, 1919. NO. 6 GLASS ANNOUNCES ; LAST LOAN TERMS! VICTORY LIBERTY ISSUES LESS) THAN FIVE BILLION. Terms of the Victory Liberty Loan j were announced by Secretary Glass, j a few days ago. They are: amount, j $4,500,000,000, oversubscriptions to "be rejected. Interest 4\ per cent, for partial-' ly tax exempt notes, convertible in- j to 3% wholly tax exempt. m flto . Maturity, lour years, ^, treasury reserving the privilege of redeeming the notes in three years. The 3 Si per cent, notes, to be issued later, also may be converted subsequently back into per cent, notes. The 4% per cent securities are to be exempt from State and ^cal taxation, excepting estate and inherit-. ance taxes, and from normal rates of federal income taxes. The 3% per I cent securities are exempt from all. " "federal, State and local taxes except I estate and inheritance taxes. The size of the loan was much j smaller than had been anticipated by most of the close observers, who looked for an issue of about 6,000,000,000, particularly in view of Secretary Glass' past statement that j the loan would be for $5,000,000,000 or $6,000,000,00ft. This will be the last Liberty Loan, .Secretary Glass explained, although j there will be other issues or government securities to finance belated war expenses. These will not be floated by popular campaign. None of the past issues of Liberty bonds are convertible into Victory Loan notes and there are no spe- J cifications in the terms of the Vietoo* issue serving directly to main- j tain market prices of past issues. In many communities the selling campaign already has begun active'y without formal acceptance of sub-1 scriptions, said reports Monday, to | the treasury, although the official opening date is April 21. The drive j will continue three weeks, until I May 10. "In fixing the terms of the issue," , said Secretary Glass' announcement , _ of the Victory Loan, "the treasury j has been guided largely by the desire to devise a security which will' not onlv prove attractive to the people of the country in the first in- j ^ stance, but the terms of which should insure a good market for the notes after the campaign is over and identical process for the two se ries, and should not effect injurious-1 tjr the market for the existing: bonds 1 ?f the Liberty Loans. "This will be the last Liberty loan. Although as the- remaining war bills are presented further borrowing must be done. I anticipate that the requirements of the government, in excess of the amount of taxes and other income, can, in view f the decreasing scale of expenditure, be readily financed by the is- < sue of treasury certificates from i time to time as heretofore, which i may lutimately be refunded by the issue of notes or bonds without the aid of another great popular cam- j paign such as has charactized the j Liberty loans. "I am sure that the people of j America will subscribe to this Vic tory loan in the same spirit of patriotism which they have shown in i the past to the end that the notes ' may be as widely distributed as possible and that our banking institutions may be left free to supply the i credit necessary for the purpose of industry and commerce and the full employment of labor. Let the world see that the patriots of America out of their boundless resources, and! with the same enthusiasm and devotion to country with which they! prosecuted the war to a victorious conclusion, are determined to finish the job." Terms of the loan were explained as follows: "The Victory Liberty loan will be offered for popular subscription on April 21 and will take the form of 4% per cent, three-four year convertible gold notes of the United States exempt from State and local taxes, except estate and inheritance 1 ?J /mm normal faAor-a] in- I ttllU XIVIII UV1 UIMI AVUV4W* ... come taxes. The notes will be con- j vertible, at the option of the holder,' throughout their life into 3% per cent three-four year convertible gold notes of the United States exempt from all federal, State and local taxes, except estate and inheritance taxes. In like manner the 3% per cent notes will be convertible into the 4^4 notes. "The amount of the issue will be1 >4,500,000,000 which with the deferred installments of income and profits taxes payable in respect to last year's income and profits, during the period covered by the maturity dates of treasury certificates of in- j debtedness now outstanding, will fully provide for the retirement of j such certificates. The issue will be limited to $4,500,000,000 except as . it may be necessary to increase or ^decrease the amount to facilitate al*ptments. Over subscriptions will be Ejected and and allotments made on a graduated scale similar in its general plan to that adopted in connection with the First Liberty loan. Allotment will be made in full on subscriptions up to and including $10,000. "The notes of both series will be dated and bear interest from May 20. 1919, and will mature on May 20, 1923. Interest will be payable on December 15. 1919, and thereafter semi-annually on June and Decern-. CHILDREN'S WEEK Observed Throughout the Stale From April 27th to May 4th Spartanburg, S. C., April 14. "Children's Week" will be observed in hundreds of communities in South Carolina from April 27 to May 4. Under the direction of the State, County and District Sunday School Association, ])lans have been; made for emphasizing during this week the religiuos training of all children under twelve years of age. South Carolina is joining with all the other States and Provincial Associations in the observance of Children's Week on the above dates. That there is great need of arousing the continent to the spiritual; needs of the children is evidenced by the fact that at least thirteen < millions of the twenty-five millions of children under twelve years of age are receiving no religious edu---V_*1 t n Vi?ln rhflnsr cation wiwicui. it. mo r this alarming condition and make it possible for all children to receive their religious rights that the leaders of the International Association suggested this continent-wide observance of Children's Week in the Spring of 1919. It is conservatively; estimated that there are in South j Carolina 250,000 children not en- J rolled in the Sunday Schools. In a number of communities in j South Carolina last year Children's Week was observed with great sue cess, new pupils being enrolled, cradle rolls organized, graded lessons introduced, better equipment secured, and emphasis laid on trained workers for the children. Because: of the success of Children's Week1 in 1918 in leading whole communities to think of the spiritual needs i of their children, it is believed that the results of the observance this year will be more marked, as the week will be more generally observ-; . I The program as suggested for the: week included an educational meet- j ing of pasto teachers, parents and all others ir..nested in the religious' education of the children, to consider the needs of the children, and how these needs are being met in i their community. A pageant empha-| sizing the rights of the child in the home and in the community has been prepared, and will be given in a number of towns, as well as in i some of the rural communities. 1 Canvasses will be made to get the; names of children out of the Sun-1 day Schools, and follow-up work I will be done by the Sunday School J immediately. Institutes, community J or school, will be held to study more closely the work in the Sunday Schooi, and how the Sunday School j may more efficiently meet the demands. In many places some kind of i a social meeting is being planned , for the children one afternoon dur- j ing the week. Any community wish- j ing to join in the movement where ; no leader has been appointed is ask-! ed to get in touch with the County or State Association. o I "PISTOL TOTING" ! Officers Say Too Many Persona Carry Guns j The police are discussing the j question of "pistol toting" in Col-1 umbia. Some are of the opinion that more revolvers are being carried by' men nowadays than when the American bull dog five shot revolver sold' for $1.75. Those who feel that it is necessa-} ry to carry a gun are not particu-1 lar about the style of the weapon | or the size of the bullet. One man will be taken by the police and he J will' be found carrying a magazine ' pistol rifled for steel or lead bullets. Another man will have a big Colt's . or Smith & Weston military and ' police revolver! The next ciuze^ iv be caught wiH present a cheap gun i resembling the kind that are given J away as premiums, and some times found around punch boards. All firearms are deadly weapons and the j law is no respecter of the style or makes. South Carolina, laws are numerous on the subject of concealed or unlawful weapons, but there seems I to be a loop hole somewhere. The proper dread of the effect of law is j not apparent and carrying is be-1 coming common among the white1 and the black. The police blotter is i ?J -"' V dotted nere ana urere mu* ?? where defendants have been tried on the charge of carrying an unlawful weapon. The fine usually applied in the city court is $25 and i some have escaped with a fine of $20. The State law prohibits the sale or exchange of any pistol that! weighs less than three pounds and| it must be not less than 20 inches, long. It is lawful for any person to carry such a firearm, and unlawful to carry a gun that does not measure up to the specified require-1 ments.? Columbia State. Notice of Teachers Examination The next regular teacher's examination will be held in the Court House at Kingstree, between the hours of 10 a. m., and 4 p. m. on SatnrHav. Mav 3. 1919. "N D. LESESNE, ! Co. Supt. of Education, j 4-10-3t. i ber 15, and at maturity. All or any of the notes may be redeemed before maturiy at the option of the United States on June 15 or December 15. 1922, at par and accrued interest ! ! A PROCLj WHEREAS, IT IS E j AND PROPER THAT WE SOLDIERS AND SAILORS ACTIVE EXPRESSION OF ( TUDE TO THEM FOR THF DERED AND SACRIFICES HOLDING DURING THE R] | OF THE NATION AND TH1 ! FOR WHICH THEY FOUGI j AND, WHEREAS, THF | OF KINGSTREE HAVE DE' II TESTIMONIAL OF THEIR PRECIATION, TO ENTERT. j TO BE GIVEN IN SAID TC RIL 23RD, 1919, ALL SOLD WHITE AND COLORED, OF MAY BE WITHIN THE LI* THAT DATE, A CORDIAI HAVING BEEN HERETO FT OP THEM. AND, WHEREAS, THJ THIS ENTERTAINMENT B1 IN THE COUNTY OF WILL IZENS OF THE COUNTY I INVITED TO SPEND THE SEAT, AND TO LEND TH THEIR PRESENCE AND E CESS OF THESE OCCASIOl NOW, THEREFORE. ! AFORESAID. I. LOUIS \\ KINGSTREE, S. C., DO HI NESDAY, APRIL 23RD, 19 WITHIN THE LIMITS OF S MORE EFFECTIVE CELEI SIONS AFORESAID. DO HE PENSION, SO FAR AS JL .ALL BUSINESS ACTIVITIE THAT DAY, IN ORDER TH. COMMUNITY MAY HAVE MfcfcT AJNU UKJCi^ l inr^ ji HAVE BEEN INVITED WI1 GIVEN UNDER MY I !THIS APRIL 15TH, A. D., 1! MAYC I SAY $200,000,000 TO HANDLE COTTON COTTON MEN INDORSE PROPOSED MARKETING CORPORATION Columbia, April 15.?Meeting here today with members of the South Carolina delegation in Congress, the twenty delegates from the South Carolina Cotton Association to the convention in New Orleans pext month, headed by Governor Robert A. Cooper, passed a resolution endorsing the proposed cotton marketing corporation, but suggesting that its capital stock be made $200,000,000 instead of $100,000,000, as proposed. To further enable the South to finance thd cotton crop the committee also urged that banks be urged to increase their capital stock 50 per cent Attending the meeting were the * ' X /-I Governor and the? L.ieuienanc uovernor of South Carolina, two United State? Senators and three members of the House of Representatives. A committee was appointed to take charge of the question of securing large government warehouses to handle cotton, and after a discussion of possible amendment to the national banking law this question was placed in the hands of Representative W. F. Stevenson. The resolution summing up the result of the meeting is as follows: "Resolved, That this special committee appointed by the South Carolina Cotton Association do heartily endorse the proposed organization of a cotton marketing corporation, with a capital stock of one hundred million dollars ($100,000,00), and its scope he enlarged to deal it and with cotton seed. "This committee believes that it J.J I E \M4TION _____ f ai :MINENTLY APPROPRIATE j e< SHOULD OFFER TO THE j al OF THE COUNTY SOME j ft DUR THANKS AND GRATI- I % :iR SERVICES WELL REN- I tY WILLINGLY MADE IN UP- j " # I ECENT WAR THE HONOR j w E RIGHTEOUS PRINCIPLES j * IT ) 11 j it 2 CITIZENS OF THE TOWN j ? rFRMIVP.n AS A LIMITED I r< THANKFULNESS AND AP- j fj \IN AT PICNIC DINNERS j |j ?WN ON WEDNESDAY, AP- I IERS AND SAILORS, BOTH J e} ' THE RECENT WAR, WHO j g [ITS OF SAID COUNTY ON j 9 , INVITATION THERETO ,a v> )RE EXTENDED TO EACH (w iCJ Iti ti .IAMSBURG, AND ALL CIT- j IAVING BEEN CORDIALLY | I DAY AT THEIR COUNTY j jj E ENCOURAGEMENT Or j K. I NTHUSIASM TO THE SUC- ! b' | i AND FOR THE PURPOSE ! g r. GILLAND. MAYOR OF j ol i es KREBY DESIGNATE WED- j cl 19, A GENERAL HOLIDAY jg AID TOWN, AND FOR THE ? 5RATION OF THE OCCA :reby request the sus- ? AY BE PRACTICABLE, OF j ! S WITHIN SAID TOWN on ! \ c' AT EACH CITIZEN OF THE j j 01 AN OPPORTUNITY TO j | ?j EN OF THE SERVICE WHO j j S !!11 """ *"? ? mr>o | ; C( L flirt UL'K iiAino. I I n LAND AND OFFICIAL SEAL h, ? 9i9. ; L. W. GILLAXD, >R OF KINGSTREE. S. C. it o] ! p h cl would be practicable at this time to < ? raise the amount of $200,000,00, es-1 ? pecially if the stock be made paya-1' ble in liberty bonds if desired by j lit. ?i | uje buubcuuci. , I "It is essential, in the judegment j'' of this committee, that the majori- \ ty .of the stock be owned by the J ^ farmers of the South, and this com-1 j*' J mittee recommends that proper pro-1 ! vision be made to secure this end. ; "This committee is confident that, : the people of South Carolina will I j take their proportion of the capital | g stock of this corporation whether | it be $100,000,000 or $200,000,000 land pledges its full support to see ! that said stock is taken. "This committee recommends that ti all banks in the South increase their ai combined capital and surplus by 50 tc per cent, or to such an amount they di may find to be practicable, for the ^ purpose of enabling them to make n i larger loans to individual borrowers F | upon cotton collateral, and to meet ci I inomacinor ilemnnric unon all di j vnc tuviv?K>?u5 -r banks for financial assistance. rc 1 "It is suggested that there is a si j very large investment in 'Jiberty i bonds in the South, which may be 1 converted into this increase of cap- st j ital. with advantage both to the in- d< vestor and the bank. M "State banks in the South not as members of the federal reserve sys- th tern are urged to join the feredal re- w ?erve system. The South will mar- la ket and finance its cotton crop. This th will completely revolutioni7e the en- dc ire business interests of the South. It mans commercial freedom, pro- m gress and prosperity. th w 0 st Transportation of Liquor w; Washington, April 14.?Trans- Gi ' portage purposes through a dry ar State is not prohibited under the Reed prohibition amendment, the UI Supreme Court held today in an til opinion interpreting that act. in SEED MAY SOON BE SOLD uropean Market For Cotton Oil And Cake That the bulk of cotton oil, meal id cake to be exported to Europe to go forward in greatly increasI volume, thus bringing relief to >tton seed crushers and farmers ike throughout the South, is the iference from a cablegram from >rmer Governor Manning in Paris, i Christie Benct. The cablegram >ad: "Mr. Hoover authorizes statement lat situation as to producers and ushers has been relieved by exirt purchases." Before sailing for Europe several eeks ago, Governor Manning made /vf fVio rAttnn AT\(] rot LiUat" OkUUJ vi vnv w?vv.. ?n seed situation, with the view of scussing with Herbert Hoover in s various aspects the problem con onting the cotton fanners in marking his products, which were yet istricted by embargoes. The opinion of Mr. Benet was ?at with these restrictions gradual' lifted, a steady flow of oil and leal will go forward, thus reducing ie heavily over stocked mills and eating instant demand for unsold ?ed. When prices of seed were fixed irly last fall, farmers rushed their ;ed to the mills, crowding the mills ir beyond their capacity to crush, peration of the plants was also seously hampered by the scarcity of ibor. And when the seed products ere ready for distribution, there as practically no market Thus the iblegram from Paris brings a dis * 1 ? AH. nctly cneeriui message i"i cure South. o Planning for Children's Week On Monday afternoon a large and ithusiastic number of women gath ed at the Methodist church to iake definite plans for the obserice of Children's Week. It is realed that there are many white cbilren !n and around the town of ingstree who ought to be regular ctendants of some Sunday School, it who-are not attending any, and ho are receiving no religiuos eduxtion whatsoever. The purpose of hildren's Week is to waken the msciences of parents and Sunday chool teacners, and all followers ' Christ, and to arouse their interit in the religious education of ulciren everywneiK. The program for the observance f Children's Week. April 27th to lav 4th, in Kingstree is as follows: n Sunday afternoon April 27th, lere . will be a community mass leeting at one of the churches here, he committee in charge of this looting has written to Spartanirg, which is the headouarters of ic South Carolina Sunday School ssociation. in an endeavor to se ire a trained worker to speaK on >me of the most important phases f Sunday School work. The survey committee will find jt and will make a list of all the lildren of our town, both those in unday School and those out, and iter in the week other committees, >mpo?ed of members of the differt denominations, will vfsit every oine in Kingstree where there are h'ldren. It is hoped that in this ay at least a hundred or more oys and girls will be enrolled in ur Sunday Schools, and will begin leir religious training, a thing so luch needed for their proper develpment. On Friday afternoon, May 2, a arty will be given on the court ouse grounds, to which all white iildren of Kingstree, of all faiths. f American, and Foreign parentage re invited. There will be plenty of :e cream and cake, and many musements provided. On Sunday night, May 4th, a ageant drill will be presented at the ?hool auditorium. The farts will be iken by children, and the whole aeeant will prove very interesting nd attractive. o "TO HELL WITH II. S. FLAG" houts Man At Banquet In Famous New York Hotel New York, April 15.?A sensaonal incident marked the close of a address by United States Sena?r George A. Chamberlain at a inner of the Sphinx Club at the Waldorf Astoria tonight. His perottion was a poem, "the American " * ? A ?? CA?ofA*? r?n_ l&g". AS ine uresuu uvuaivi ted the closing lines one of the ners in the rear of the grand ball ?om half rose from his seat and touted: "To hell with the American flag." Diners from several other tables arted towards the man who had mouneed the flag, but Edward W. itchell, vice-president of the Tex; and Oklahoma Oil Company, was ie first to reach him. Swinging ith his right arm, Mr. Mitchell nded a clean blow on the chin of e disturber and knocked him >wn. Several friends seated with the an attempted to interfere and ere was a lively scrimmage in hich Mr. Mitchell himself was ruck in the face. The disturber was rushed out a de door before any serious damage as done, however. Edmund D. ibbs. former president of the club, id Robert S. Scarborough, treas er, who immediately began an instigation, declared they had been mble to determine the man's iden"v but that they would not rest ? ?! they had done so. ? PAY IN HUNDRED I BILLION MARKS FINAL FIGURES ON REPARATION AFTER WEEKS OF NEGOTIATION Paris, April 14.?One hundred billion gold marks is the amount Germany must pay the Allied and associated governments for losses 'and damage caused in the war, plus other billions to be determined by a . special commission on which Germany is to be represented. This is the final and definite - conclusion which has been reduced to writing after weeks of negotiation which took a wide range and involved frequent changes and modifications. The payment of the hundred billion ' gold marks is to be divided into three distinct amounts, as follows: First, twenty billion within two years. Second, forty billion during thirty years beginning 1921. Third, forty billion when a commission shall determine how it shall be done ' In view of the fluctuations through which the negotiations have passed, an authoritative statement was obtained today concerning the final terms of the settlement. This sums up the conditions as follows: Germany is at the outset held generally responsible for losses, and damages in accordance with President Wilson's fourteen points and the Allies response at the time the armistice was concluded. To determine the extent of the payment under this responsibility a commission x oecnW- i IS SCL lip IU Ul&c wcovimvuj ikw?m ble data and arrange all details of / ' the payments from the enemy and distribution among the Allied and associated powers. 'While the commission will administer the details of the payments, sufficient is known to permit the determination that an initial payment ? will be required of twenty billion gold marks, payable in two years without interest. It has also been determined that forty billion gold marks shall be payable in bonds extending over a period of thirty years . beginning 1921, with a sinking fund beginning in 1926. These forty billion marks draw 2'jf per cent interest from 1921 to J92K and 5 per cent interest after 1926. In addition to the foregoing payments, Germany also will be requir- . ed to deliver additional bonds for fortv billion marks, when the com *? - -I--11 mission determines tnat mis snaai be done. These three payments of twenty, forty and forty billions ' bring the total to one handed billion (fold marks. ftevond this total, the commission is empowered to fix anything further that may be required to cover Germany's indebtedness. "In other words", concluded the eminent American authority, who framed the terms and furnished the forofrninc summary. "a commission 1 V * , set up with power to collect from Germany to the utmost of her capacity to pay. within the limitation of her indebtedness." RED CROSS NOTES / Mr. McDowell, chairman of the Kingstree Red Cross chapter, wishes to announce that the course in Home Nursing has again been postponed, owing to the fact that the teacher engaged for this course is not yet free to come to Kingstree. She will come, however, about the first of May, and those who signed up for the classes arc asked not to let their interest and enthusiasm die out altogether before the. time comes to begin the lessons. These nursing c'asses are weir worth while. There are 64 towns and cities in the Southern Division, which are availing themselves of this branch of Red Cross work by maintaining one and sometimes several of these classes. T/? tVincp of vou who gave so gen erously in the last old clothing drive, it may be interesting to know that the American Red Cross has established relay warehouses at Amiens, Lille, Loon, Mezieres, Chalous and Verdun, towns irrevocably associated with the war, whose spoiling hand has reduced large portions of them to ruins. Back to these devastated cities and villages, the French folk go, anxious to pick up the last thread of their peaceful lives. It is the Red Cross that is help ing them, with clothing first of all, with furniture, garden and farm ' implements, and barnyard fowls and pigs. Fortunately, the Red Cross had a large supply of necessities on hand, and the relay depots were soon made available. Mrs. P. G. Gourdin. Publicity Chairman. CAMP RIDS ARE OPENED Government Gives Out Figures Offered For S. C. Camps Washington, April 15.?Following are the bids opened today at the War Department on the South Carolina camps which the government is undertaking to sell: North Camp Jackson, E. W. Hovle, of Rock Island, 111., bids $17,000 for the entire camp; Camp Sevier, New Wrecking Company, of Indianopolis, $45,100 for entire camp, $10,000 less if the government retains the remount station; Camp Wadswortn, ;>ew Wrecking Company, Indianapolis, $46,100 for entire camp, $10,000 deducted if the government retains the remount station and $15,00 deducted i' the government retains the hospital. ^A