Newspapers / Wilmington Morning Star (Wilmington, … / Jan. 2, 1923, edition 1 / Page 4
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Published by THE WILMINGTON STAR : COMPANY, Ine., 108 Chestnut Street. P, H. BATTS, 'Managing: Director. Telephones! Editorial .. *.£<>• Business Office ..R°- 61 Entered at the Fostoffice at Wilming ton, N. C., as Second Class Matter. One Year ..*s-Rn Six Months .......f-jy Three Months . No weekly mail subscriptions. CITY DELIVERY—Papers are sched uled to.be delivered before 7:30 o clock on week days and 8:30 o clock on Sun days. Complaints regarding Jat„ ®eI ■ Vice or non-delivery should be made ‘ before 9:00 a. m. to Circulation Depart ment. Phone 51. '__ CHANGE OF ADDRESS—When or dering yoiir paper changed . from. one address to another please give old as. well as new address. f EXPIRATIONS—Look at the Printed label on the paper. The date thereto Shows when the subscription expires. COMMUNICATIONS must be panled by the true name and address of the writer in order to receive atten ■tion. Rejected manuscripts will not De returned. _ ALL DRAFTS, checks, express money orders and postal money orders for e pgper should be made payable to the order of the Wilmington Star Co. _| MEMBER OF ASSOCIATED PRESS. The Associated Press is h^Vimi of entitled to the uie for publication oi allnews credited to it, ornot otherwise credited, In this paper and a so .the local news published herein. All righ s of re-publication of special dispatches herein are also reserved.__ TUESDAY, JANUARY 2, 1923. „ Prospects and Retrospects. -0-- ' As & practical proposition, all of us will have to admit that we can not live in the past but have got to live in the future so long aa it is here for us. we can readily perceive, there fore, that our main human asset is the prospective and not the retrospec tive. Coming face to face with a good and wise friend on Front street yes terday, he gave us a cordial New v Year’s greeting and dropped a general reminder that is as god* as gold. He is a well known Wilmingtonian, with more triumphs than, thumps to his score, and our chief recollection of him always will be his unvarying urbanity, his unostentatious public spirit and v his unchanging faith in Wilmington. He broadcasted a cheerful optimism that is good enough'for the new year that is now just two dawns on its way. Smilingly, he said: Don’t write about old'times, because when we re fer too often to the things of the past, one is taken for a back-number.” Well, that is the right kind of philosophy for all of us during the new year. The Wilmington of the past isn’t in it with the Wilmington of the future—the Wilmington of , 1923. There is nothing of material consequence in “looking backward. Goldsmith’s deserted vil lage can’t even be compared with any one or more of the new frontier towns built up within recent years in the cut-over land region of North Carolina—a vast asset area in which the future opportunities are incon ceivable. We don’t have to look back. We can get more out of looking around us in order to discover opportunities that literally dazzle us with their possi bilities. Even Christmas was last year. Forget it. The new year is here with its Quiver full of great op portunities, while there are splendid / achievements now to be accomplished ‘by means of our foresight, our genius our energy our constructivity and our •activity. Ancient history* is merely entertaining but only that kind which furnishes us an illuminating example is worthy of our emulation, in a prac tical sense. In this busy world, look ing backward is too much like the “last year’s birdnest” found by Lit tle Willie. There was nothing in it. . When we refrain from living in the •' past, the significance in it is that we are not looking backward but belong in former President Woodrow Wilson’s class of "forward—looking men.” When we throw great concrete dams ' across the swift rivers of North Caro lina we are putting "water on the wheel.” We are husbanding the power ' -|n the water that is coming down stream. We dJe not concerned over ;; the water that has gone, for we re member the song that runs something like this: “The mill wil never grind with the water past and gone.” The The old days, good and bad, are gone, and we'do not put water on the wheei when we hark back to other days, old times and last year's birdnest s. The future is our constructive asset Things that we have not done last year can .he; dope this year. If we did not take advantage of our oppor tunitles last' year, we haye another hew year Vbeforef hwdn which to fill up on pep and knuckle down to bus iness. The opportunity is here for us to make up for lost time, lost oppor ‘ tunlty alJtThkfemone^. The year belpre us Is worth more than all the years that are gone. Idvewlres can do a Jot . of broadcasting this year, and constructive men can do a lot of constructing by beginning' now. It is a waste of time to live in j the past. Idleness is the thief of time,’ Jbut idleness need not steal any of our 1923 time if we will determine at the I beginning of the new year to. make the most of our time. We can do things for ourselves and for Wilmington, and lest we forget, we sjjould become thoroughly obsessed of the sound economic philosophy that the wore we do for our city and state the more we do for ourselves. Don’t take a shingle off the roof of the struc ture that we should all build. This year is full of prospects. Last year is strewn with retrospects. -o Constructive Carolinian. ——o—— One thing that can be said to the credit of North Carolinians /is that they have built their own cities, though they extend cordial invitations to all comers to share with them the opportunities made greater by native ingenuity and prowess. In an edi torial, taking a kind of. new year glimpse of Charlotte for the past and present, the Observer says: Let’s take a day off and talk about our town. What better New Year occupation could the people have than that? A good many of us have gone about our ways dur ing the past year heedless of the changes- going . on all around us and some of us, taking account of ourselves, will find that we are comparative strangers to the Charlotte of today-^for the town has grown- while we have slept. The new population come into Charlotte the past 13 months will possibly equal the new population accumulated in the best three to be made In detail—that is the province of the local news columns —but The Observer proposes to make general remark about a municipality that shotrid be very much more than a local pride— that should be the pride of the State—for the development of Charjotte into a great commercial and industrial Metropolis estab lishes an example of spirit of en terprise and push that is bringing the South to the front. As a mat ter of course, much outside capital and business has come into Char lotte,'hut- it was encouraged to come here because of the estab lished disposition of our people to themselves develop the advantages that surround them. They have not come to .establish prosperity for Charlotte, but to help Increase that already established and share in it. Charlotte is one of the best instances in the whole country of the self-made town. Charlotte en terprise and Charlotte capital is re sponsible for the Charlotte of to day, and for what the Charlotte of tomorrow is to be. Back of all of Charlotte’s strength is her banks. Their resources have been placed liberally at the service of all up building undertakings; they have promoted legitimate businesses of all kinds; they have assisted in‘fin ancing ill sound new industrial enterprises; they have bought home and state bonds and they have backed municipal progress in every way. ' What the Observer says about the industrial up-building ot the Queen City through the initiative of her own people and the foresight and liberality of her bankers, can be said about Wilmington and every other town in the state. Necessarily, bankers have to be more careful than any other class of promoters, but their public spirit is; sufficient urge for them to stand back of any industrial develop ment that appeals to their judgement as safe. They are not apt to put money into wild-cat ventures, but legitimate industry has their support and as sistance to every reasonable extent. Of course, in promoting industrial development, the banks make bus iness for themselves and their com munities. As payrolls increase and the business of a town grows, so do the resources ot its banks. Industries increase the customers of the banks, and no one knows that better than sh?Vwd bankers. Wilmingtonians laid the industrial foundation for Wilmington but they are only1 too glad when others from abroad come here to build on that foundation. Several of the largest in dustries of Wilmington were estab lished here by manufacturing con cerns from abroad. The newcomers always become strong Wilmington boosters, and the industries they oper. ate on the Cape, Fear has added very greatly to the manufacturing impor tance of Wilmington. Industrially, Wilmington grew tre mendously important at the end of tho old year, and it can -be said that It was almost entirely a bankers’ pro position that made it possible for the port city of North Carolina to become the center of a $3,000,000 south At lantic packing house industry. With out banks "no city could possibly be come a great, industrial city, and for tunately Wilmington - banks are will ing to go just as far as banks can go in promoting industry as well as com merce and agriculture. They can not take the initiative but they very“sub stantially back it up. If the balance of us would furnieh more initiative the banks can be de pended on to die their share. Just now, Industrial prospects bulk larger in Wilmington than at any time during tie past five years,’ yet we have a ffw industries that need more back ing by our public spirited citizens. In some instan'ces we have to do our share, as -Wilmington builders, in th^ matter of promoting and supporting manufacturing enterprises when they need it,. * - •. *■ - t . , • . — France Rejects German Proffer, ' ■ 1 °— ' Having declared Germany a wilful defaulter in failing to deliver wood and timber products to France, in ac cordance with' the Versailles peace treaty, the French government,threat 'ens to seize German forests. Great Britain objects to such a.' proposition as unwise, for the same reason that * the British disapproved the threat of France to seize the Ruhr territory. It seems that so long as France has the world’s biggest army she wants to be doing something with it. In the meantime, France wants guar an tees from the allies against invasion ! of France by Germany in the future,! and in order to ally France’s fear of future invasion, the German govern ment proposed a 30-year peace pact between -France, Germany, Great Britain and Italy. France has very promptly declined, to enter into a treaty guaranteeing peace for thirty years, and the probability is that neither Great Britain nor Italy would enter into such a pact so- long as France seems likely to act in aggres sive manner, threatening every now and then, to take action, regardless of the entente. Unfortunately, France is creating the impression that she is not in any great amount of fear of Germany attack but is rather making that the excause in order to reconcile the French public to the maintenace of the most costly army in the world. Reforms In Bankruptcy. --0 Through its committee on commer cial law, the Merchants association ot New York will appeal to congress to amend federal laws in order to protect bankrupt estates from being eaten up with costs. This action was taken be cause of many complaints that federal receiverships or administrations in bankruptcy leave a small residue for the creditors of a bankrupt concern, whether it is a bank or a large cor poration. Assignments made for the benefit of creditors are so manipulav ted that they might as well have been made for the benefit of the lawyers. New York business men heartily ap prove the effort to have the national bankruptcy laws so amended as to as sure the liquidation-of estates more quickly, more convenitly for all par ties concerned, and at less cost. The assets of failed banks and corporations are frequently liquidated that the creditors, who are supposed to be. pro tected, get such a rediculous percen tage of their claims that they might as well have thrown their claims in the fire. One of the matters complain ed of is the long delays in winding up failed banks and corporations, and an other is that in cases of fraudulent bankruptcies it is difficult to secure prompt indictment of „ those ‘ accused, Instances are cited in . bankruptcies whiclj left hardly any of the assets for creditors owing to the allowances in handling the estate: 1—clerk’s fees; 2—receiver's costs; 3—the trus tee; 4—attorney for petloning credi tor; 5—attorney for'bankrupt; 6—at torney for receiver; 7—attorney for trustee; 8—referee;- 9—the apprais ers; 10—stenographers. Congress should have long ago corrected-what has long been regarded as a scandal in federal receiverships, and all other kinds, for that matter. --o CONTEMPORARY VIEWS. --o. • THE CHEAT DEVELOPMENT IN WATER POWERS The year f922 has witnessed the In auguration of the largest hydro-electrio construction program ever undertaken In this section. The Southern Power Company began early In the year the construction of the Mountain Island plant on the Catawba River, between Mecklenburg and Gaston Counties, where 80,000 horsepower of generating equipment Is being Installed; and also the Dearborn plant at Great Palls, S. C„ which will have a maximum capa-. city of 60,000 horsepower. Work upon both of these plants has been pushed. The Dearborn plant, It Is expected will be finished by late 8pring, while the larger undertaking at Mountain Island will be completed probably in Septem ber. In anticipation or its larger supply of hydro-eleotrlo power the Southern Power Company also projected during the year two new ateatp-electrlc plant addition*. It prill make possible the maximum utilization of Its hydro-elec tric power and at the same time give greater protection to the hupdreds of Industries in. this section which use hydro-elec«Ho power against emergen cies. These eteam plant additions will Have a combined generating capacity of <0,00 horsepower, 80,000 horsepower being added to the present steam plant at Mount IJolly, and 10,000 to the pre sent Eno steam plant at University Station; In perfecting and strengthening its transmission and distribution system, also In anticipation of the heavier load it must carry when the new plans are completed, the local power oompany is building 200 miles of additional trans mission lines, giving It a total of 2, 400 miles Of such lines, 1 The huge Investment which the pow er Company Is.required to make to pro vide the additional service which It Will be able ' to give when • the new plants are completed, large as\ it is, is small when it is compared with the Investment in .the industries which will use the new power. It la estimated that for every ’dollar Invested in hydro electric development $9 is Invested in the Industries which use' the power. This means, that for every dollar in vested by the Southern Power: Com pany, or any other power "Company in the. Carolina*. elsewhere, 87 is added to the productive wealth and the tax able values of the communities and States in which the power plants are located. And it all means ihore em ployment for our people, larger pay rolls, better business for merchants and, professional men, larger markets for .©tor farmers'ajad.,all in all, greater prosperity and greater, opportunities for industrious ambitious men in every lino of endeavor. What the New Yeaj holds in the way of development of waterpowers, which in this section may rightly be termed the hey of industry, one may only sur mise. Our recent 'industrial growth and our impulse today are so great that all-, of the power to be developed in j plants under construction has been ] contracted for. ■ The Observer has no definite information, 'but it_ feels that it is safe in assuming that even before the present construction porgram of the Southern Power Company is com pleted announcement- will be made of other developments which will assure for this section, such a supply of elec trical’energy as Will enable it to move forward rapidly' to its destined place among" the world’s great industrial I centers.—Charlotte Observer. AMERICA IN’ THE WORLD The chief and critical item in the Ad ministration's new statement of • its foreign policy is the frank abandon ment of the motion that the United States can stand aloof from the rest of the world. "We, cannot,” declares Secretary Hughes, “dispose of these problems by calling them European.’ Names do not sway things. ‘They are world problems,” adds the American ] Secretary of State, "and *we cannot j escape the injurious consequences ot . a failure to settle Ihem.” Thus the fond idea of isolation orathes to the earth. America, wakes from her two years’ dream to find that she .is in and of the whole world. This central principal ,once granted by the Administration, the details of its plan to aid in tVfe economic re covery of Europe take a subordinate place. They are open to discussion and modification. Secretary Hughes makes a strong legal argument to show that. Germany reparations and our foreign loans have no neoessary connection with each other. Yet in the same breath he admits iliat the ability of our debtors to pay “cannot be proper ly determined” until it is known how much they will receive in reparations. Either way, the fixing of Germany's capacity to make reparation is fun damental to tke entire problem. Fore seeing and discounting another failure to do this at Paris next week, the Ad ministration proposes to turn the ques tion over to an international commis sion of financial experts, including American. The obvious hope is to take the subject away from political debate and place it ift the hands of capable and disinterested men of affairs. It will be noted that this is full confir mation of the reports of two weeks ago, though-they were offiioally denied —or deprecated—at Washington, Whatever the outcome, it is the duty of all to treat this new move of the Administration in a large and gen erous spirit. It is no time for par ing, and Secretary Hughes on Incon tlsan taunts. Twitting President Hard sistency is out of place. The main fact Is that they have bowed to the Inexorable force of events and now seek to lead the country back to that full co-operation with Europe from which we never should liave sought to withdraw. Therein all who aspire for a settled world-order can but re joice.—New York Times. A BRIGHTER NEW YEAR The year 1923 looks better than 1922. As 1922 has been better than 1921, there is justification for those who hold that the world is improving. The favorable appearance which 1923 pre sents in advance is not caused by rose colored glasses. It is the view of the eoming year which is obtained when the observer fixes his eyes upon spe cific points and endeavors to gain an accurate picture of the landscape. That panorama is unrolled for our readers in our annual Financial and Business Review and Forecast, published as part of today’s Evening Post. Its dominating note is cheerfulness. The sky is not yet clear of cloudB, but the traces of the storm are disappearing. Hopeful as the statistics look, with their showing of increased employ ment, heavier demand for building materials, larger volume of traffic, and -^yes, let us say it—more automobiles, statistics are not the most encourag ing sign is that which our Financial Editor notes in the declaration ‘‘Poli tical animosities gradually are soften ing.” As important for prosperity as1 hard money is this softening of hard feelings, with the consequent aband onment of policies which blindly aim at injuring other nations regardless of the cost to ourselves. M,uch remains to be done on this score in Europe, and much remains to be done in this Country, but both hemispheres aj-e learning anew the old lesson which ■was voiced for us once for all in the last speech of President McKinley: ‘‘Isolation is no longer possible or de sirable. God and man have linked, the nations together. No nation can be longer indifferent to any other. • • * Only a broad and enlightened policy will keep what we have. No other policy will get more.!’ If 1923 looks better than 1922, it Is because Improving economio conditions ■pr’e reflected In an imporving inter national spirit. To this better spirit we must look ’ for further Improve ment In Europe and "in our own atti tude towards Europe, At home also we need a larger spirit of fairness. Nothing is gained for the country at large by attempts to favor one Interest at the expense of another. Railroads, IT SMELLS LIKE A FILLING STATION shippers, employes, farmers—all will benefit more amply by treating one an other fairly than by trying to gain undue advantage. It is general pros perity that counts, not the prosperity of a section or a class. To the extent that public opinion through the press has helped in the forward and upward movement, the Evening Post has striven to do its share, working with such power and wisdom as it could muster for what it believed to be right and necessary. We look forward to the opportunity of congratulating our readers twelve months from now, on the prospects of a still , more auspicious 1924.—New York Evening Post. -o THE PRIDE OF SENATOR LODGE In his speech in the Senate on Wed nesday Senator Lodge confessed that he "was proud of his country. The country would like to return the com pliment. Unfortunately, the difficulty It has in being proud of Senator Lodge was illustrated by this very speech of hie. He said referring to the attitude of the United States at the end of the was: "We asked nothing, we received "nothing. We took not one inch of "land, nor have we sought a dollar "of reparation. I am very proud to “think that that is the recod of my "country.” The real question is whether Mr. Lodge can be proud of his own record in this matter. On Dec. 21, 1918, more than a month after the Armistice, he undertook to enlighten the Senate and instruct President Wllfeon in regard to the proper terms of peace. Only one of his specifications need be cited here. He spoke of the fact that Ger many must be called upon to pay "heavy indemnities.” Then he added: "thu U. S. must have its proper and pro " portional share, not only direct in “ demnity for its ships destroyed by “ submarines and its people murdered “ on the Lusitania and other vessels, "but a suitable restitution in part at " least of the vast expenses forced j “ upon us by Germany.” Prom the foregoing the inference 1* irresistible that Senator Lodge is proud of hi* country, for having re fused to do what he declared that it was it* duty ..to do.—New York Times. LABORATORY FOR JOHNS HOPKINS BALTIMORE, Md„ Jan. 1.—Plans for the construction of a new chemical lab oratory at Johns Hopkins university to cost approximately 1600,000 have been completed and will be discussed by the trustees Of the Institution at a meeting here tomorrow. Speaking of full measure, many a pint bottle holds a barrel of talk. CHAMBER PURPOSES. REOPENING FREIGHT RATE FIGHT AGAIN Representative of^I. C. C. Will Conduct Hearing Here in a Short Time Purposing to place 'Wilmington on a freight rate parity with Norfolk, \sl, by equalizing the rates from eastern cities to this city and interior North Carolina points, the brief prewired by •Raymond D. Christman, then secretary ! of the Equitable Rate Adjustment bu reau, will be presented to the Inter state Commerce commission by the bu reau at a hearing soon to be conducted in Wilmington by a representative oi the commission. ’ The executive committee -of the chamber of commerce has requested J. J. Burney, manager of the Equita ble Rate Adjustment bureau, to reopen the freight rate caser This case was scheduled for a hear ing here last May, but for some reason' .mutually agreeable to the bureau and thd chamber of commerce executive committee, it was decided to withdraw the request for the hearing. Mr. Christman, the author of the brief, is no longer connected with the Equitable Freight Adjustment bureau. The brief purposes to equalize the freight rates from such eastern cities as Baltimore, Philadelphia and other points, to Interior North. Carolina towns and cities, and. if it meets with favor by the Interstate Commerce com mission, Wilmington would enjoy the same low freight rates as those of Nor folk. In other words, Wilmington would be placed on a parity with Nor folk. There is considerable interest in the announcement that the case will be re opened and that the Interstate Com merce commission will doubtless grant a hearing in Wilmington in the near future. Many business men state that this city and the state in general would be greatly benefited through an equaliza tion of the freight rates, and subscribe to the belief that a reduction in the rates to the level enjoyed by Norfolk will mean much for the advancement of business in North Carolina. New Year’s Day Very Quiet in Wilmington Wilmington yesterday pasted one of the quietest New Tears in Its history, the police blotter being practically blear and not the slightest signs ot disorder being apparent on the streets Watch night services and peans of noise welcomed the New Tear in at midnight^but aside from the smashing of a plate'glass window In Woolworth’s XO-Cent store on North Front street, there was an absolute absence of vio lence. Business men almost unan&nously express themselves as confident the in coming year will be one of progress and will herald a rapid return to nor malcy. Clarendon' Lodge, to Install Officers Installation tff officers will be held tonight by Clarendon Lodge, No. E, Knights of Pythias, in the Castle hall on PrincesB street. Invitations have been mailed out by Chancellor Commander A. H. Shepard. Clarendon lodge is one of the most enterprising lodges in the state, and the initiation exercises are always a feature of the lodge's year. Installation ceremonies will be held later by Stonewall Lodge, No. 1. For Palm Beach Voilea and handkerchief linen frocks are embroidered in delicate colorings as well as in Paisley and oriental pat terns. They are made into simple, one piece frocks. 7 Safe Milk For Infants, Invalids & £ Children The Original Food-Drink for All Ages. QulclcLunch«t Home,Office (^Fountains. RichMilk, Malted Grain Extract inPow deriTabletforms. Nouri»htag-No cooking. 8®"Avoid Imitations and Substitutes Liberty Sayings Bank 'C We extend the season’s, greetings to each and every f depositor, with the wish that everybody will enjoy a Happy and Prosperous Year. CWe are grateful for tl\e business entrusted to us by .. loyal patrons during the past year, and we anticipate a continuance of this patronage during the New Year. C This is an excellent time to open an account or add to the one you already have. 4 ' - 110 South Front Street ' ’
Wilmington Morning Star (Wilmington, N.C.)
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Jan. 2, 1923, edition 1
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