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JSUmUtgtmt Corning flar Published by THE WILMINGTON STAR COMPANY, Inc., 109 Chestnut Street, P H. BATTE. Managing Director. Telephos.es> Business and Edltorian office.. ..No. SI Entered at the Postofflce at Wilming ton, N. C.,-as Second Class Matter_ .$7.00 One Tear .%...*VnO Six Months .*.,75 Three Months.-.. No weekly mail subscriptions. CITY DELIVERY—Papers are sched fcefore 9:00 a. m. to circulation Depart Blent. Phone 51. e ^ rWANSE OP ADDRESS—-When or lermfyour psper changed from one address to another please give old Well as new address. _ _ EXPIRATIONS—Look at the Panted label on the*paper. The date^th_eret Shows when the subscription expires. COMMUNICATIONS oust be »?com panied by the true name a“fvealttln if the writer in order to receive atten tion. Rejected manuscripts will not De returned. ___ ALL DRAFTS, checks, exPre*s money orders and postal money orders for the paper should be made payable order of the Wilmington Star Lo. MEMBER OF ASSOCIATED PRESS The Associated Press is exclusively, entitled to the use .for publication of all news credited to it. or not otherwise cwdited, in this Paper and a so tn local news published herein. All rights of re-publication of special dispatches herein are also reserved._ MONDAY. JANUARY S, 1923 No Hasty Invasion of Germany -0 When the allied premiers’ confer ence brbke up in Paris on Thursday, on acount of a disagreement between the British premier, on the one hand, and the French, Belgian and Italian premiers and representatives, on the other hand, it was presumed that no drastic action w|ould be taken by France, Belgium and Italy against Germany until after January 15, when the German reparations payment of 600,000,000 gold marks is due, in ac cordance -with the moritorium fixing that date as the limit of any further indulgence to Germany. At a subse quent conference between the French Belgian and Italian representatives Friday, they abandoned any idea of making hasty entrance into German territory in accordance with , French intentions, approved by Belgium and Italy. While there has been no rupture of the entente alliance between the four powers, Prime Minister Bonar Law declined to approve of the drastic French proposition, execution of which would mean that the three other allied powers had taken it upon themselves to enforce the Versailles peace treaty, so far as Germany is concerned. Only recently they failed to support Great Britain in her ef fort to compel Turkey to comply with the Sevres treaty with the allies. Ip the meantime, the German govern ment is saying nothing, but German papers, supposed to represent the gov ernment view as well as German pub lic sentiment, very openly declare that France’s proposed co-ercive ac tion does not meet German approba tion and within itself would consti tute an act oi war against Germany. Paris dispatches published in the United States to the effect that France was mobilizing her army must have been unwarranted, since action like that could only have been in the nature of a bluff. Poincare’s drastic plan has aroused very strong opposi tion in France, and he knows that America is agreed with Britain that his coercive policy is inexpedient as well as fraught with danger. While the hot-headed Frenchman’s coercive policy is held in abeyance until Jan uary 15, its effect has been to make the Washington government doubtful of its ability to co-operate in the rep arations matter in view of the almost practical certainty of a final disagree ment with France. Indeed, the Harding administration seems very much disposed to let France crack her whip and watch the results. Even the resolution of Senator Robinson, Democrat, of Arkansas, to authorize official repre sentation on the reparations commis sion, is not apt to be reported by the committee or passed by the senate. American representation on the rep arations committee come too late. It Would be impractical now for Amer ica to go into a house divided against itself on the ratio of three to one, Since any American representative, •drho might be appointed, would stand with (Jreat Britain, still leaving France, Belgium and Italy in the ma jority. At this stage of a bad game, this country 'would not care to be con trolled by any action, that Premier Poincare seem% able to dictate. ‘'Aloof ness,” as well as the Paris rupture be tween the allied premiers, has left America oh the bleachers France has already intimated, that ehe considers her coercive plan better than any whlctf Anwrlca; has hinted at. The senate action In passing, a resolution suggesting withdrawal ef American troops from the Rhine is not binding on President Harding/but it was pass ed with such an overwhelming ma jority as to indicate American pessim ism as to pay prospect that America will be invited to come forward with any proposal /for settlement of the reparations problem. < France would have to take the in-1 itiative in any such invitation, and her silence during the last four days rather indicates that she intends to adhere to her own plans, backed by I Italy and Belgium. Any change in the attitude of France will have 1° come this week if there is to be the slighest hope at Washington for prof fering her good offices in what has now developed a very delicate situa tion. Watchful waiting by the seemingly willing Harding administration has made it very unlikely that it can be of much service now. Our government waited so long that the whole Europ ean problem has become so compli cated that the field becomes less invit ing to a government which, held its “aloofness” so long that invitations seem to have’ ceased. -o The Spice and Variety of Life -°— ^V‘Life is one sweet dream” in our romantic days, but when a fellow be gins to pursue the devious ways of life he finds out that life has more ups and downs in it than it has sweet lyW 1U O . Some philosophers (or^ sophists) tell us that “life is what we make it,” but when M. Clemeneeau was on his speaking tour in our country he declared laconically: “I want you to remember that life is a fight.” Well, the Tiger's life has been a fight all his days, and during his life time in politics he has fought and caused the douwnfall of fourteen French minis tries. No industry, except his own, ever' suited him, but at least he put up a losing fight wnen the opposition put his world war ministry out of business. He never was too proud to fight, and in most cases he started the fight or brought it about him self. In his great Philadelphia speech, just prior to America’s entrance into the World war, former President Wil son merely stated a fact when he said: “There are times when we are too proud to fight.” The Republicans, instead of intellectually recognizing that such, indeed, is a fact, tried to make the American people believe that President Wilson was meroly putting up the argument of a cold footer, but finally America got into the war and as a result of it Presi dent Wilson himself got into the fight of his life and retired from the presi dency with his party going down un der a crushing landslide. ■ The same bunch which accused Mr. Wilson for lacking backbone in 1916 1916, got control at Washington and immediately showed the flabbiness of its own backbone by dodging behind “aloofness” and “isolation,” which, interpreted, means “too scared to fight.” Verily, the hypocrit can make life absurd: the clown tries to make life a big joke; the ambitious and selfish make life a big fight; the giddy make life a joyride; everybody contributes to the “spice and variety of life;” but at last the secret of life is to live the life that makes life worth living. It is said that a billy goat Is con tent with anything he can chew. In that respect, the averag? woman wishes men Were more like a billy goat. -o During the holiday season, British cotton bulls sold out, but during the past week they have# been buying again. Those bulls act as though they know what they are doing. -o Scientists claim to have discovered that the, temperature of Jupiter is 130 degrees below zero. That discovery can not possibly interest anybody but the coal men. The ice man would not consider Jupiter in the light of an op portunity. -o-— There comes the Washington an nouncement that "the next* congress will be more radical than the present congress." That prediction probably is based on Indications that the next congress proposes to pass legislation in the interest of the people Instead of for special interests. Probably, that will be somewhat radical. -o-, Some of Europe’s papers express the hope that America "will inter vene" m Europe’s economic debacle. From the aandpolnt of “alofness” and “Isolation,’ 'about alh that Eufropo can expect from the Washington ad* ministration would be some cautious pussyfooting in the direction of jagreeable co-operation with "Europe; [Washington has hot proposed to en* gage In Europe’s , “conversations” dr “negotiations.” . Indirectly, it ifl Ad mitted our ^diplomacy consists ff a ‘few “feelers’' ===== «f * 11 ■ - — Immigration From the West. -o Doubtless, the plight of the farmers of the middle west creates North Carolina’s best opportunity for set tlement enterprises in the immense Carolina territory which the late Secretary Lane name "the Nation’s New Frontier," because of Its mil lions of acres of lands in the Same un developed state as they were when Amerigo Vespucci sailed along the fragrant region of the lower Cape Fear. ' ' Canadian immigration statistics given out at the beginning of the new year state that, in addition to a large influx, of immigration into Canada from European countires, more than 16,000 immigrants passed over into Canada from the United. States last year. No doubt they are mostly middle west farmers who are pulling up stakes and seeking better opportunities elsewhere. They seem to he small farmers or tenants and probably that is creating a labor pro blem for the large farmers and land owners.- That may account for the fact that the Federal Farm bureau has inttied the American manufac turers in the pressure on congress for the permission of greeter foreign immigration as a means of relieving what all the metropolitan papers are stressing as a means of "relieving the labor shortage,” especially in north ern industries. The pressure for farm credit legis lation by congress 'is coming very largely from the middle west farm ing seetions. Senator Arthur Cap per, of Kansas, is one of several sena tors and representatives who have in troduced farm credit bills at this ses sion of congress, and he is using his newspaper, Capper’s Weekly, to em phasize what he Insists is a distress ful state of, affairs in the very heart of the middle*west. n a signed article on the front page of Capper’s Weekly, of January 6, he declared Jn bold head lines that “Another Farm Credit Em ergency is on us.” He goes on to sayr While Congress is putting on the finlshing^ouches to a system of new farm"credjt legislation, a grave emergency is developing among hundreds and thousands of farmers who formally were in average good circumstances. These farmers are hanging oh the ragged edge of nothing . more tangible than hope. They are not reached at all by the Federal Land Banks and the War Finance Corporation. Unless some means may soon be found to sustain them awhile longer by small loans, they 'and ' their families will, I fear, be turned adrift in such large numbers as to make the conse quences serious for the country as well as for themselves^ These farmers, for the most part, live in the less favored crop re gions, and there are enough of such regions to make the num ber of these men a considerable part of the farm population. The public has little conception of the trouble. Nobody really knows . It but the country bankers and I the farmers themselves.. Senator Capper, probably is the only member of congress who makes himself heard in two forums at Wash ington. He uses the senate for speeches and overflows into Capper’s Weekly which he publishes at Wash ington. In hlB newspaper article he stresses the ergent need of farm credit in the west, and in it there are ex tracts from a letter which he is re ceiving from several states. ,This is an extract for a letter from South Dakota: Men and their .families who have labored 10, 20, 80 and 40 years are leaving their farnis penniless, down-hearted and broken in health. Thousands of others are being forced to leave to obtain a decent existence by taking up other work. The gov ernment will- have to assume a more direct hand in rebuilding . and strengthening the backbone of the nation. If there should be an occasional lost loan, it would not be a drop "in the ocean com pared with -the chances we are taking every, day. This is folowed up by the state ment that in Colorado county, 100 foreclosure cases were heard at the recent term of court. This means that farms under mortgage are be ing put up to the highest bidder at a time of distress When they will be bought up by large land.owners who do not need credit. One of the pleas for an emergency farm creditlaw. comes from North Dakota. In it !s the assurance that “unless relief comes at once for the financial crisis in the -farm industry, Its ref leg will be felt by all other elements Of the nation.” A Nebraska banker writes 'the sSh ator about bad conditions In his state, and It seems to be the small farmer's cause, that the, banker .pleads. He says: “What has so far been done, will benefit only the well-to-do farmer and stockman, not the man who oper ates on a small scale and who has come to own nearly ail tneir pro perty is worth, though no fault of his own. Their present plight is’due, for the most part, to two bad seasons, to having to sell their product^ at 10 per cent above the pre-war level, while buying for their own needs St, GO per cent above the 1918 basis, n other words, the buying power of their dol lar is, about .04 to 65 cents, when ex changed for other products.”' Between the lies . one can readily perceive:that, this era farm problem are whai North Carolina knows as John Smith. As a matter of fact, it is the small and ten ant farmer whose problems every where are practically the same. They constitute a class of producers need ing help and do not know how to get it. The best possible way to help that class of farmers here in North Caro lina and to induce farmers from the west, is to organize about a hundred farm settlement corporations, based on plans for grouping them into com munities where they can have church, school and social advantages. There is enough territory on North Caro lina's new highways to carry out great settlement and development un dertakings. I -o Asheville’s^Bank Merger. —■—o-. One of the important financial de velopments of the new year is an nounced from Asheville. The moun tain city’s bestknown bank has been merged with the branch bank estab lished there some years ago by the great Wachovia parent banking con cern at Winston-Salem, Here is how the Asheville Citizen views it: Interesting and important to the entire State as well as to this section where both are strong financial factors is the news of the consolidation whereby the Battery Park Bank is to be mer ged in the Wachovia Bank and Trust company. ' The Battery Park is not only tution but one of proven staunch ness. Established March 16, 1891, by J. E. Rankin, now president of the American National, the late Captain J. P. Sawyer and the late Col. Frafik Coxe, builder of Bat tery Park Hotel, the Battery Park alone of the four banks then ex isting here, weathered the storms of 1897-98. Then, as now, it stood for conservation and a scrupulous regard for its patrons’ interests. The Wachovia, with its three branches, is not only one of North Carolina’s most powerful banks, but one deep founded on sterling merit and the best banking prac tices. It is "sold,”, dependable, as is illustrated by the manage ment of the Asheville Wachovia. | The combination means a strong and well co-ordinated bank which can and will be of much service to this section, combined with the features of a modern trust com pany. It will be a pleasing ex pectation that Vice-President Clarence Rankin and Cashier S. A. Hubbard will be connected with the two-in-one bank. The merger means that the moun tain city will have one less banking establishment but a secure bank stronger that both merged banks when operated separately. It means that the powerful Wachovia banking concern at North Carolina’s great to bacco manufacturing city has put the stamp of approval on Asheville. The Winston-Salem banking interests are more closely identifying themselves with other growing cities in various portions of the state. A bigger bank for a greater Asheville can but com pote with that city’s vaulting ambi tions. ' CONTEMPORARY VIEWS. THE EIGHTH DISTRICT SHAKE-UP State Highway Commissioner John C. McBee, of the eighth district, Mitchell county man, resigns under the fire of charges that he has spent $200,000 more than a fair apportion ment In Mitchell and has diverted an important road by his own property. However, being under fire was no new experience for McBee, as the eighth 'district folks have made it hot for him a good deal of the time sinec tie was appointed as one of the three Repub lican commissioners required by the Doughton-Connor-Bowle act. It is as sumed from his letter of resignation that he might be entirely willing to continue to stand the gaff, but for im paired health. Andrew M. Kistler, of Morganton, accepts appointment of Governor Morrison as Mr. McBee’s %successor, and with a Burke county man on the board its perspective of the Central highway in western Piedmont ought be Improved.—Greensboro Daily News. -0 THE MOSS GATHERERS There’s a sermon for rolling stones In current news items of big busi ness. In Chicago two men have Just | reached the top rung of the ladder, having climbed from the bottom. F. Edson White, still under fifty, is the new president of Armour & Co. He put on overalls at seventeen for the most humble and odorous. Job in Paoklngtown, James Simpson broke In as office boy with Marshall Field & CO. Now they have made him the head of the house, sucoeedlng John G. Shedd, who started with the concern [ as a $10 a week clerk. John McKinley, I stepping into Mr. Simpson’s shoes as vice president was another of Mar shall Field’s office boys. In any industry gou can name the experience of thee* men . is duplicated. If every French soldier carries a marshal’s baton In his knapsack every cub Workman has a presidency tucked In hlB pocket. Opportunity for the Amerioan boy is not merely knocking at the door; it Is beating a constant tattoo, the Same as if always has. It may be noted that a youth’s life IS not Masted It he can not go to col lege. Alumni of the .university of hard knocks, still in the great majority, in the business world at all. events more than hold their own. It is also noteworthy that the men who make the grade don’t meander. They keep eevrlastlngly. plugging on the road 'oh which they . started.—Neur York Tribune, ■ AMERICAN AID TO EUROPE - Though Senator Lod£e, speaking for the white house, expressed the opinion that the adoption of the Borah confer ence proposal would be Hurtful, and it was propesly withdrawn, we believe its introduction hab been beneficial. It gave rise to a discussion Which wa think cgn not have embarrassed the government or raised Illusory expecta tions abroad, it. has made occasion, for ■a public statement by secretary Hughes which will clarify and. emphasise the I government’s position and intention. . ■ ThAt statement,, we. are confident, leMM'. tbs aunt-nval of'..preponder ant American opinion. It assures us that the President and his secretary of state are as determined to keep free from political entanglements and com mitments >as they were pledged to be by the tremendous vote which placed’ Mr. Harding at the helm. It ..emphas izes, as The Tribune repeatedly does, the controlling consideration that America can do nothing for Europe un less the European government reach such a 'composition Of their political differences as will permit' economic participation by us that will be both safe and effectual. • It was for our government to riay whether the European governments have reached a stage at which they are disposed to make conditions and con cessions eSentlal to our granting econ omic relief. The government has said they have not. Nevertheless Senator Borah’s suggestion and Secretary Hughes’ remarks upon it, are clearer and more authoritative , notice to Europe of what we expect than it haB thus far received. AS The Tribune has said frequently, Mr. Hughes points out it is not our re sponsibility to dictate political or economic adjustments In Europe. That Is the duty of the European govern ments. But It is our right, when ad justments are made of pledged, to say whether they are satisfactory to us as clearing the ground for economic and financial co-operation by the United States. v . It is generally jreaognized that the key of the whdTe’ problem is repara tions. We cap not turn that key and* until.lt Is" turned we can not afford to enter upon the task of economic re storation. Secretary Hughes Jnti mates that We are willing to assist in formally in the examination and ascer tainment of Germany’s resources and capacity to pay. That Is essential as a basis for intelligent extension of credit _nil* e-etieral position he states frankly. We have no desire to relfeve Germany of responsibility for reparations up to the limit of her capa city. We do not intend to assist her to evade just and possible payment of her obligations. AS to that, Prance can rely upon us, for she has our sympathy as she had our aid in the war. But "on the other hand, we do not wish to see a prostrate Germany.” If French policy indulges the liop'e of insuring the security of Prance by preventing the recuperation of Germany, we can not support that hope or any measure dictated in its behalf. On this groundwork, the government of Germany and our former associates in her defeat, must present them sdlves before we shall consider the co operation they so urgently need, vv e shall not play European politics under guise of eeonomio adjustment. We re quire that Prance, England, Italy, and Germany shall lay before us assurances that they are ready for measures which have as their sole object economic re storation, and not the establishment of a balance of political of military^ power. . We do not say Prance ought to dis regard her fears of a recrudescence of German fo‘rc<* or Germany her fears of ruin by Prance domination. We can inderstand that France looks to the uture with anxiety and Germany like-. wise. But not pass upo Ail AlCl.j lese considerations we can ion. They are not our re ponsibility. It is up to European tatesmanship to determine what can nd ought to be done in the adjust lent of their relations so as to make t possible for America to assist lurepe upon terms consistent with Ltnerica's welfare.—Chicago Tribune. Have Narrow Escape When Tank Explodes (Special to the Star.) SANFORD, Jan. 7.—Tom Cole, 25, and Henry Lamb, 35, employes at the Green Top Filling station in this city, narrowly escaped death Saturday morn ing when an outfit for distilling water, which they were operating, exploded. They were badly burned about the face and body, but it is thought that they have a chance of recovery. But for the friendly aid of bystanders in helping to extingnish the flames they would have been hopelessly burn ed. A physician happened to be near, and the young men were carried to the hospital at once. It was a new uioimiHB - they were operating, which requires air heated by a gasoline torch to be pump ed through it. It is thought that too much air was pumped in, which caused the explosion. The house In which George GrarEel ner is living was destroyed by fire Sat urday afterrtbon. Most of the con tents were saved. Mr. Graffelner is a stranded tourist from Philadelphia, who was making his way to Florida two months ago when sickness over took his family a few miles from this place. The good people of this com munity. hearing of his distress, moved them to town and provided for then necessities. Touched by this kindness in the time of need Mr. and Mrs. Giaf felner decided t(% make Sanford their future hchne, - that they had gone far enough south ir Lewis L, Merritt CIVIL ENGINEER No. 30 Odd Fellows’ Building Wilmington, N. C. V II. ... COAL T buii,mins’ supplies W. B. THORPE & CO. — ,iLi LOST The lady who lost a Platinum Satonir Watch somewhere In the shopping district Saturday, wishes to express her appreciation of the efforts of the police force, merchants and friends that led. to Its recovery. I ’ ' '■■■■■•-' r1... .. ~ .■ Closing Out Odd Pieces Two, three, four and five light electric fixture*, bridge lamps, table and tooudolr lamps. We are closing out these odd pieces; all new stock at sacrifice pricey , CITY ELECTRIC COMPANY 90S Princess St, l4hm»e MS Liability Burglary Fidelity and Surety Bonds Fire And Other Kindred Lines Complete Service In All Forms of Protection j. i A Report of the Condition of The Bank of Southport SOUTHPORT, N. C. At the Close of'Business December 29, 1922 RESOURCES • Loans and discounts ........ .$360,970.25 Demand loans....., 6,000.00 Overdrafts, secured $30.73; unsecured $6.64 •.*.• • 36.3? United States bonds and liberty bonds., 5,800.00 Banking- houses, $3,647.05; furniture and fixtures, $3,600.00 ....'. 7,147.05 All other real estate owned.. 4,856.18 Cash in vault and net amounts due from banks, bank ers and trust companies .................... .-....99,784.00 Checks for clearing. 7,553.37 Loans and discounts, Bank of Brunswick.... 2,018.81 TOTAL ...... . . . .... .$494,166.03 LIABILITIES ‘ Capital stock-paid in...$ 15,000.00 Surplus fund. 7,500.00 Undivided profits, less current expenses and taxes paid 8,671.80 Unearned discount.1,000.00 Dividends unpaid. _ 50.00 Deposits subject to check .. 853,003.11 Cashier’s checks outstanding. 983.77 Certified checks .• • • 10.00 Time certificates of deposit, due on or after 30 days.. 4 1,000.00 Savings deposits. 106,162.98 Profits Bank of Brunswick.. 157.18 Capital Bank of Brunswick .. 627.19 TOTAL .$494,166.03 STATE OF NORTH CAROLINA, COUNTY OF BRUNSWICK, January 6, 1923. I, G. H. Ruark, cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowl edge and belief. G. H. RUARK, Cashier. Subscribed and sworn to before me, this 6th day of January, 1923. C. L. STEVENS, Notary Public. Correct—Attest: / C. ED. TAYLOR, ROBERT W. DAVIS, J. BERG, X Directors. Tax Exempt Preferred Stocks Paying from 7% to 8%. The Supreme Court of North Carolina has declared that Preferred Stocks of North Carolina Corporations are not subject to taxation. - We offer, subject to sale, and recommend the following high-grade, tax-free preferred Stocks: Hunter Mfg. and Commission Co., f Per Cent Preferred, Stonecutter Mills Co., 7 Per Cent Preferred, Rosemary Manufacturing Co., 7% Per Cent Preferred. Tide Water Power Co., 6 Per Cent Preferred. Holt-Granlte-Pnrltan Mills. 8 Per Cent Preferred. We are prepared to buy or Sell Government Bonds, all issues, at close prices G. P. BOLLES & GO. Telephone No. 26 606 Murchison Bldg. ANNUAL MEETING The 70th Annual Meeting of the :V, , Lot Owners of Oakdale Cemetery will be held Monday evening, January 8, 1923, at 8:00 ' o’clock, at the company’s office' ; No. 3 Odd Tellows Building W. H. HOWELL, Secretary v ,h r i V.'.'
Wilmington Morning Star (Wilmington, N.C.)
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Jan. 8, 1923, edition 1
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