Historical Newspapers of South Carolina

Below is the OCR text representation for this newspapers page. It is also available as plain text as well as XML.

BANKS EXPECT ED TO FINANCE BONUS GRAB Republican Leaders Work Out Scheme to Club Banks in to Carrying the Burden Washing! on March 3.?Unani mous agreement on a compromise soldiers* bonus b:ii along the gener al lines outlined officially yesterday w/as reached today by the house ?^ays and means committee Repub licans who believed they had found a solution of the problem which lias been giving administration and congressional leaders concern for several weeks. The revised meas ure, however., still has a long travel before it reaches the statute books. As now drawn the bill provides for cash payments only to those men whose adjusted service pay wojiid not exceed $50 and these f?J?r optional features: Adjusted service certificates, with ah added loan provision which would enable the men to obtain immediately from banks a sun: equal to 50 per cent of the adjusted service pay; vocational training, home and farm aid and land settle ment. In working out details of the cer tificate loan proposition, the ma gorily committeomen reduced the i&ce value of the certificate, which would be the amount of the adjust ed, service pay plus 25 per cent., plus interest at 4 1-2 per cent compounded annually, instead of the service pay, plus 40 per cent,, plus the interest as originally pro posed. It was thought this would result in a saving to the government up to a possible maximutr. of half a billion dollars. Banks in - making, loans on the certificates could not charge an in terest rate in excess of 2 per cent, above the rediscount rate charged b> the regional federal reserve bank on y> day paper in the district where the loan was made and they ?x>ukl not make loans for. a period in excess of three years from the . ?ate of the certificate, which would pot be rediscountabie by federal reserve banks. If the loans had not been repaid on September 30. 1925, the banks eould make demand on the govern ment for the money due. The gov ernment, it was seated, then would cash the certificates, pay the bank anditurii the remainder over to the iservice men. The cash surrender vahie-of the certificate on that date would be 85 per cent, of the ad justed service pay pluls. in *?rcst at 4 1-2 per cent, compounded annu ally from the date of the certifi cate. Tliis also would be the loan value for federal advances as of' that date. "It is hoped and believed." said Chairman Fordney in a formal statement, "that w ien these insur ance certificates become due and payable the money may be secured by the sale of property and securi ties owned by the federal govern ment and without any special fobarge on the treasury. This plan seems to meet with the general ap proval of the members of the house of representatives as well as the public generally." SAYS OUTLOOK IS BRIGHT Memphis. March 2.?Members of the* Southern Retail Lumber Deal ers' Association in attendance on j the twelfth annual convention '?winch opened here today were urged by M. M. Elledge. Corinth. Miss..-president of the .association to ??ooperate with all- influences in their communities which were 'working for an increase in home build'tng. The outlook for the building trade this year. Mr. El ledsre told the convention, was brighter in the Southern States than since 1915. The practice of many dealers of giving commissions to contractors Was condemned by a number cf "speakers and the resolutions com 'miUee was instructed t ? take up-j thin question in its report. 2ND SCHEME CHECKED New York. March 2.?Alfred E. ; Lindsay, under ' indictment for swindling wealthy women in ficti tious stock transactions, was about io launch a Philadelphia campaign on tin. eve of his arrest. r This .as disclosed-tonight by j Richard C. Murphy, assistant dis trict attorney, who said his infor- j mant was Maurice Wood, proprio- | ip>r of the Green Hill Farm Hotel at Overbrook. Pa. Wood told him Lindsay had engaged the hotel's1 most luxurious suite, apparently to j be in touch with persons of means j and social standing who were! guests or the hotel. In canvassing New York city With a list of jewelry that L'nd say's women du]>cs snid they gsive him as security in bogus stoek .deals., the police discovered rkut I e : had pawned hundreds of vatoabU trinkets, also bonds and stock vei - 1 .tif>catc:-. in the name of "A I Lind." Other assumed names were used in j the pawnshops. Mr. Murphy said. \ G0V. SMALL TO GO ON TRIAL Waukegan. 111.. March C.?The empanelling of the Lake County grand" jury and clearing the docket of several murder cases wi re the only items for the attention of the court today before opening the trial of Gov. Len Small, who is charged with conspiracy to defraud the state through embezzlement of intercut on public funds. People who spend their time talking about what women wear have mighty little :<> occupy their minds. i Human nature is a funny tiling 'and it never really appreciates lib erty until it has a nan; Friday FIUME DIS TURBS ITALY Council of Ministers Holds j Conference to Consider Situation I Rome. March 4?The council uf ministers is in conference over the j crisis at Fiume. which has been I seized by the committee of national defense. The committee invites the j Italian government to assume the ; administration of the city. FUIME SCENE OF TROUBLE ??i-? Insurrection Breaks Out and j President Forced to Flee Rome, March 3.?Alarming news j from Fiume has been received by j the Giornale d'ltalia, reporting that the Fascieti revolutionists are mas ters of the city and have formed a j government. President Zanalla and hjs followers have fled to Buccari I near Fiume. * The accounts received by the pa- i pec say that the Zanella police at tempted a sortie from the palace | but wei e repulsed after a sharp j fight. The palace then was besieg- j edl A lieutenant of Carabiniers was j killed and many on both sides i were wounded. Revolutionists! tried to bombard the palace from an armored boat but were prevent- | ed from doing so by an Italian | torpedo boat. The Italian destroyer Mirabello is expected to arrive, shortly at; Fiume from Fola with landing j troops. London. March 3?The revolu- j tionary element at Fiume has oc- j cupied the town and established a government, according to a central news dispatch from Rome. Presi- j dent Zanella and his family are re- ] ported to have fled to Buccari, six miles from Fiume. Florence, Italy. March 3. (By the Associated Press).?A thousand j Faseiesti in a demonstration here ] today on behalf of the members I of their party in Fiume stoned the I Serbian consulate, smashed the windows and demolished the coat; of arms over the door, meanwhile ' shouting: "Viva Fiume. Viva j Italy." Royal guards finally dis- j persed the mob. MOVE TO*' AID ARMY Washington, March t 3.?Presi-; dent Harding took a hand in the. army strength discussion today.: summoning members of the house army appropriations subcommit tee into conference after a talk with Gen. Pershing." The subcommittee y e s t e r d a y j agreed tentatively to cut the army enlisted strength for next year from the authorized 150.000 to 110.000. After the White House conference it was disclosed that an j administration policy for a force j of not less than 130,000 had been formulated and expressed. The j present actual strength is about I 137,000. Gen. Pershing would not discuss, the nature of his talk with the i president, but when the summons to Chairman Anthony and his as- j sociates followed there was no ef tort to conceal that Gen. Pershing 1 had felt it necessary to appeal to! the president against the cut in . the army the committee had inj mind. ; At. the war department Acting I Secretary Wainwright said the j military police of 1920 was passed ; as an abiding policy and was not ? a plan "subject to the whim or caprice of every shift in the eco nomic situation." "If that policy was needed i:i l!?2v it also is needed in 1922." Iff*] added. With relation to Gen. Pershing's call at the White House, Mr. Wain wright said that "no man is better; Jilted to speak with authority on ; this question that lie.** He pointed out that Gen. Pershing alone of the commanders of the great army that fought in the World War was still in active service for his coun- , try "ami content to command now an army of 150,000 men." "We feel." Mr. Wainwright said. ' "that he is doing this because he; feels it his patriotic, duty to give I his experience and knowledge to j the fa?k of establishing a sound. I peace-time military polic y such us I the act of 1920 provide:." Full confidence was expressed in ; administration circles after the subcommittee conference with Ute i president that a conservative course would be followed in army reduction w hen congress com- i plctes its work on the appropria-j lion bills. ASSASSINATION ! IN IRELAND Belfast. March 3.? Max S. Green. | chairman of'the Irish prison board ; and the son-in-law of the late .John Redmond, has been' shot and kill- , ed, a Dublin message says. Green was shot while the police were exchanging shots with a group of hold-up men. HUNGER i STRIKER WILL DIE Chicago. March 2.?Harvey W. Church. twenty-one. convicted slayer- of two automobile salesmen.! Host his iast bop.- Cor life tonight when Governor Small refused a. plea for clemency. Too weak to walk and his mind ;i blank, the result of ;i forty-day . hunger strike. , ho will be carried j t'? the gallows strapped In a chair j at 1 o'clock according to plans. As the years pass, prison lit'.- i mf?.de more and more attractive and m.w. and iu??ro i-nsilj dodged. J POLITICAL CLOUDS IN ENGLAND Lloyd George Cabinet Situa tion Uncertain Except Early Climax London. March 5?Premier Lloyd George returned to London this af ternoon from Chequers Court whore I he spent the week-end. His only political guest over the period be i was away was Charles A. MeCurdy. chief Coalition-Liberal whip. j Shortly after arriving at his of ficial residence in Downing street the premier was visited by Lord : Birkenhead, the lord high chancel lor; and Winston Spencr Churchill, [secretary for the colonies. The eon ! ferencc between the trio lasted an j hour. The disposition in political quar ! ters in London seems to be to be lieve the climax it) the crisis is not likely to be reached before next [Tuesday, when Arthur J. Balfour |is expected to deliver an important speech in London. According to an inspired statement issued tctday there is no change in the situation. Mr. Lloyd George's offer to re sign has been held in abeyance, but not withdrawn. He still is awaiting assurances of the con tinued loyalty of the Unionist party to the coalition government. The premier points out that can didates are being chosen in various constituencies for the approaching general elections openly disclaim Mr. Lloyd George's leadership, yet receive the approval of Unionist headquarters, and he considers it impossible 'o go on under such con ditions. It is further understood that the. premier insists in the cyent^of a general election that there shall be a more equal allo cation of seats between the Union ists and Liberals in the coalition, whereas the Unionists claim the preponderance of the seats. The situation is complicated by the fact that while the Unionist members of the cabinet are earnest ly urging the premier not to re sign the Coalition-Liberal mem bers of the government are almost as anxious that he should resign. They expect to sec little pros pect of success for the Coalition in the general elections and many of them are anxious to seek a re union with the Asquitb Liberals un der Mr. Lloyd George's leadership. They admit this solution of the sit uation presents difficulties, but they express the belief that it might be accomplished in time. There is a growing advocacy here of a postponement of the Ge noa economic conference until after general elections are held, unless the present, crisis is solved in such a manner as to leave the premier with undiminished authority. STATE EXPENSES $3.94 PER CAPITA Census Bureau Publishes Fig ures For South Carolina Washington. March 2.?Costs of government for the State of South Carolina for the fiscal year end ing December 31, 1920. were today announced by bte census bureau as totaling $6.667;433: which was a [per capita cost was s:j.h;. and in I?14 $1.8$. The totals for these years were ?>3.533.S59 and $2,979. 507, respectively. The per capita costs for 1 !?".'?? consisted of expense of general departments. S3.11: pay incuts for interest. >UJ7. and for outlays. ?!?."<;. The statement pro ceeds as follows: T?ta1 revenue receipts in 192.0 were $5.758,578. or ?n.40 per capita. For the fiscal year the per capita excess of gov ernmental i-n^i^ over revenue re ceipts was "> t cents. Property and special taxes con stitute the greater part of the rev enue in a majority of states. In South Carolina they repre sented 05.1 per cvni for 192.0, 64 per cent for i 1 7 and 64.9 per cent for 1914. The increase in the amount of property and special taxes collected was 1 1.9 per cen1 from 1914 to 1917, and St.2 per cent from 1917 to 1920. Tim per capita property and special taxes for tin- three specified years were i$2.22, $1.24 and $1.11, respective ly^ Earnings of general department nients or compensation for services rend.-red by state officials, repre sented 19.19 per cent, of the total revenue for 1920, 21.7 per cent for ! ! 7 and L' 1.9 per cent for 1 :> i 1. Busiuess ami non-business li censes, which in previous years in cluded receipts for liquor licenses, constituted s.i p<>r cent of the total revenue for 1920, 7.." per cent for 1 ??l t and i.8 per cent for 191 \. Re ceipts from business licenses con sist chiefly of taxes exacted from insurance and other incorporated companies, while those from non business licenses comprise taxes on motor vehicles and amounts paid for hunting and iishing privileges. The net indebtedness <funded ami uoating debt less sinking fund assets) of South Carolina is de creasing, being t'o.'2'l per capita for 1920, $3.32 for 1917 and $3.40 for 1914. In nearly all states the prop erty subject to the general property r:t.\?-s varies in the reported basis ot assessment, though in most in stances the law requires that prop erty b?j assessed at full market value. For thi- rcaaon the best measure of cost to tu?* property owners is rh** per capita t;i\ levy. The per capita 1<>v.\ for South Car olina for ?'L'" was 53.19, .\ literary criti< .-ay.-- modern talcs seldom leave a lasting impres sion. Did the gentleman ever pursue a bee's tail? Iti this free country ??wry man has the inalienable right and a chronic desire to fuss his betters. Modern reVIsiiVn": Von can al ways divorct tomorrow ?'. u'u\ von ^ ?<<? today. DR. BABCOCK PASSES AWAY lie Was For Thirty Years HeaJ of State Hospital For Insane Columbia. March 3.? Dr. .T. W. Babcock, who. for thirty years. was superintendent of the siate Hos pital here, died at 5 o'clock this morning. The end came very su'd-j dcnly. He had been suffering with an ailment for several weeks, but 1 his condition was not thought sc-j rious and his death was a shock to his friends and family. 11?? is! survived by hi* wife and three j daughters. The funeral will be held i in Chester Sunday. Dr. Babcock being a native of Cluster. Pr. Babcock was one of th** na-j tion's leading experts on pellagra.' and was one of the first experts of! Urn country to recognize this dis-: case. Per several yean? he has; been head of a private sanilorium : here. ARMY TO ; BE REDUCED j Congress Planning: to Make! Big Cut in Budget Washington. March 2.?At h ;jst | S5O.U0U.OO0 and possibly $?0.000,-1 I (?00 will be slashed from the ' tdgel estimate for the war depa.tment I by the house appropriations sub committee which is framing the army appropriation bill for the! ; fiscal year beginning July 1 next. i members of the subcommittee pre dicted tonight. The measure, they added, not j only will provide that the enlisted' Strength of the army be reduced; ' from its present strength of 137.-i ! 00?.' to 115.000 men on July ]. but ! that the number of officers be lim- j j ited to 11,000 as compared with i the present, strength of 12,900 on j the active list. i War department estimates wen j revised and pared down by the j budg"f bureau to approximately i $3ti3.000.000' for the coming fiscal j year. $293.000.000 of this amount I being requested for the army and j the rest for non-military work such] las improvements to rivers and bar-: j bor:-. i Concern was expressed in army j circles tonight over the prOspectiyei I forced reduction of the regular es tablishment. Both Secretary Weeksi i and General Pershing. appearing I recently before the subcommittee.j jurged that provision be made for] an army of 150."0o men. and the subcommittee in deciding upon 11.-! 000 as the maximum number of of j ticers has disregarded the recom mendation of General Pershing.! I who outlined plans for "wedding j out" inefficient officers to bring the] i force down to the 12.000 in expec tation of then increasing the of-j Ificer personnel to I4.0<>0 by commis : sioning officers in the junior grades. I A reduction of the army to li*?.-' j 000 enlisted strength, it was-point-! led out by department officials.! would mean an actual effective I force of little more than 105.000 j men. as the regular turnover, due ! (o expiring enlistments, recruit 'training and other conditions.' (keeps about 10^000 men on the av I eroge continuously out of the active! [ranks. j The proposed reduction also, it ? was said, would mean a heavy?'cd-j iditionol curtailment of various army; [ activities. E x h a u s ti v e studies I made in the department as to the j most, advisable course to follow if ; another sharp cut in strength was j made are known to have indicated! ; that the const defense except for a few harbors of vital importance ! must be virtually abandoned by the 1 regulars in order that the regular1 : establishment, might be able to I continue its primary mission in Stramin" the national guard and or ganized reserves. it has already hern siu^estr?ii it hat if tin* regular establishment is j to be reduced the bulk of the coast I defense work migni be transferred i to tii" national guard or organized i reserve. In the event of ;i further I 20 per cent, reduction in the au ! thorized strength of tin- army, as tentatively fixed upon by the house subcommittee, it appeared possible, I tonight that only the guns of :i I few major harbor defenses such as New York and San Francisco; i would be retained by the regular! i establishment, the other defenses i being left to the second and third lilies of defense in the new system. Another activity which might be subjected to cutting before paring; j down of the mobile forces to meet'! I congressional action was under- , I taken probably would be aviation, jit was said. It was regarded asj I likely that the flying service also! might be transferred as far as !>??>; j sible to tin- national guard or or ganized reserve elements of the new a rmy. Carload of Hogs Wanted. livery fanner interested in ship ; ping hogs in ;i carload lot within I the next fen days or two weeks is j requested to notify .1. I-'. Williams, i county agent. K. t*. l>. So. 3, Sum I tor. S. C. or E. r. Rcardon. Sec retary Sumter Chamber of Com ; merce. at once. State how many ! hogs you have and whether you will Im- ready to deliver hogs :>\ Sumter mi notice from Mr. Williams, of date to bring in hogs. llo^s ot not less than 125 and running up <o 250 pounds are want ed. Bring in good hogs, and doti*1 [send slags or old sows. Tin* bosi ho.ics will bring tie- bcsl prices. An buyers must :??? notified when to come it is necessary for the farm ers n< write either Mr. Williams <?! Mr. Beard on so that they w ill know when :t sufficient number \tu> been guaranteed to make a good carload or iv.o carloads as parts of carloads can not 1><- handled. \V.- tlun Uncle do/'sn'i mean !:? insinuate thai ;i (*annou is out n!' place among pop-guns. .\ European statesman snyjs T"a< ' Sa:n <;iti '?..? handled Cui .... ? r, w ?? i nisi. pn aba hdled. (JOV. COX IN COLUMBIA Democratic Candidate For Presidency in Last Election Comments on Politics ColumLia, March 3?The Repub licans arc in bad fix and they de serve to be. ?-nid James Cox. of Ohio, tin* Democratic nominee for the presidency at the last election, who was o visit of. for a brief pe riod, in Columbia Friday morning*. Governor Cox was met a1 the Un ion Station by a committee repre senting the Chamber of Commerce and by another committee of Legis lator? and he tentatively accepted the invitation of the house of re presentatives to return to Colum bia next week and deliver an ad dress. He will probably come to Columbia, if at all, on Wednesday or Thursday next. Mr. Cox continued tLut the chances of ilie D^micratie party look good. The other side is hav ing a hard time. They arc in a fix and they deserve to be. They have brought it on themselves. Governor (.'ox was on his way to Aiken where he will spend a v;i cat ion period, lie was accompanied by his wife and his little daughter. SOUTH CAROLINA SCHOOL AIDED Rockefeller Money For Pres-' i byterian College j ??? . i New York. March 4.?-Gifts of; 51.811.606 to schools and colleges of i.he nation, made possible by John I>. Rockefeller's decision to permit distribution of principal as well as income from its funds were made today by Ihe general educa tion board of the Rockefeller Foundation. The '^ifts included'' i^flampden-Sydney College Hamp Qyn-Sydney. Va., $100.000. '"'University of Chattanooga, Ten nessee. $166.666. * Presbyterian College of South Carolina, Clinton. S. C $125,000. ir In this age husband and wife share their sorrows and responsi bility for the cigarette ashes on the rugs. NATIONAL BANK INCOME EXEMPT Federal Law Prohibits .State Taxation of National Bank Incomes Batiks cannot be required to list their incomes'and nay taxes there on to the State according to a rul ing furnished A. I). Watts, Com missioner <>f Revenue by J, S. Mun ning. Attorney General. There is no exemption under i he State law hut the federal statutes i'< ?/'?'m the State from taxing incomes from I National Tanks. While National Ban;as will not list their incomes according to a statement issued by Commissioner Watts their stockholders will be re quired to list and pay luxes on dividends received from su< it i'.-i nks. "S;.:jf :iu?l private ba'nl-rs are re quired to iisf ;:n<l pay taxes 011 their 11< t incomes as other domestic cor porations. This being trite, of course, dividends received from such banks arc not taxable. "Resident stockholders in for eign corporations, which do no* pay any income taxes to 'he state, sre required to list dividends received from such foreign corporations, and pay taxes as upon taxable in come. "WIioit foreign Corporations do business, or have property in North Carolina, and pay taxes on a por tion of their net incomes to the state, stockholders are required to list their dividends and pay taxes thereon on that proportion ef div idends as the con>rations were not required to pay on their'net in comes. For ,'jcxam pic: If the cor poration returned two-thirds of i;s ??ntire nel income for taxation in the stale, then stockholders are re quired to list and pay taxes on one third of their dividends received from such corporation. "Stockholders who rec rived div idends from foreign corporations, (foreign corporations are corpora tions chartered outside of North Carolina") should ascertain fron, the corporation: paying those divi dends the facts as to the liability of those dividends to income tax by the State of North Carolina."] Raleigh. March National SCHOLARSHIPS FOR SOUTHERN GIRLS SOUGHT' - ? Famous Langhorne Sisters: Appeal to Southern Women j Living in North New York. March ?The two j famous La Dehorn" sisters of Rich- i mond. V.l.. Lady Astor and Mrs. [Charles Dana Gibson, appeal to' the women of the south living- in j the north to support the project of j the New York branch of the; Southern Women's Educational*AI- ! j liance. contemplating the award-' ; big of one hundcrd scholarships in J technical schools, colleges and prep schools, to arraghe loans for needy ' southern girls .and to conduct vo cational courses for girls in the! "teens." STREET FIGHT I ING IN BELFAST j Saturday Night the Worst, Since Last August Belfast. March 5.?The tiring j j which tok place the greater per- ! I rion of last night at various oointsj 1 in the city continued throughout j today, and as evening advanced be- ' oame incessant. Only a few < as-. t unities have been reported. The t [firing seemed to be more in the! ! nature of attempts at intimidation ] ? than for destruction. ! Worshippers returning home j j from morning services in the Town- i j send Street Presbyterian church j j were fired on. Police hurried to j j the spot and engaged in a duel with ; i the gunmen. There were no casu-j Ialtes aside from the wounding of: j two men of a party of troops who ' Tonight most of the churches ; I were sparselya ttended owing to ; tin- incessant machine gun fire.; iThroughout the day and evening] ! the ewspaper offices were over- j ?whelmed with telephone calls from I j people anxious to know the nature | ? and extent of the disorders. I _- ^ - I In regard to the bonus, there j seems to be general agreement ; (that the spirit is willing, but the! ' Treasure weak. TOBACCO MAR KETING PLANS Survey to Be Made of Ware* houses For Cooperative | Association T. B. Young, the South Carolina member of the warehousing com mitie'e of the board of directors of the Tobacco Growers' Co-operative Association, lias begun a survey of the warehouses in the state looking to the establishment of receiving, plants, for the association. On com* plctijpn of -the survey, the associa tion will take immediate action and : is soon as practicable thereafter an nouncement of the various receiv ing points will be made. With the passage of the tobacco grading act by tne state legisla ture. South Carolina tobacco grow ers have taken a long step toward improving the industry, and while, the new law will probably tend to reduce/the production of this com modity on account of the added necessity for careful handling and, grading, still the value of the pro duet should be increased so as to more than offset the decreased pror duction. Boll weevil conditions, coupled, with the opinion among many thai the Co-operative Marketing Asso ciation will assure a good price for the crop, both point to a largely increased acreage of tobacco in sev eral sections of the state, but as grading and tying has become $ necessity, prospective growers wifl now be careful not to plant more tobacco than they can properly' handle. There is now a premium on quality, and it must be borne in. mind that no selling agency oh earth can secure a good price for a* poor product, or for an over sup ply of the product. Membership agreements are now on '.the press and the campaign for additional members of the newly incorporated association will be* opened in a few da vs. o ? ? BASEBALL MAGNATE PASSES AWAY Chicago. March G.?John Cona han, business manager of the Chi cago Americans, and a close friend of Charles Comiskey, the' owner of the White Sox, died here today. 10 IS THE DATE SET FOR THE OF THE LARGE GENERAL STOCK OF BR?NS0N BROS., WHICH WILL BE SOLD AT THE OLD LEADER STAND, OPPOSITE KRESS, ON SOUTH MAIN STREET. ? This Stock Consists of DRY GOODS, SHOES , HATS, UNDERWEAR, GROCER IES, HARDWARE, CROCKERY, FARMING IMPLEMENTS, TRUCKS, STAPLE MEDICINES, CANDY, TOBACCOS, H ARNESS, and a thousand and One Depend able Articles, all of which must be sold in a very short time, regardless what it Hiay bring. Remember the Opening Day: Friday, the 10th. THE PLACE: The LEADER STORE, South Main Street, Next Door to Palmetto Cafe, Sumter, S. C. THE GOODS: As Described, will be sold for less than original cost. FE, Mgr.