Newspapers / The Twice-A-Week Dispatch (Burlington, … / Nov. 20, 1912, edition 1 / Page 7
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HIS ISecond Ward ■Se^nd Ward *iiird Ward fourth Ward Ward! surer. PoKce. >sio»>er. KPSIDK. Scott New Fall Qoods Ne. * t 9 i S:S2a V 51:18 A. t' 8**25 p to 9:17 P.- S A. M, to 7:30 p « *• to 6:00 ?; 2; J"- »■ to 7:80 P. a Postmaster. Ifi ^»l!il fate. tongues could Do^ m«.j: ’>6t. Ill, for j, li'ei-ance from a„ PRenmc- ponlrf ^^"'"? ®Mlis >ou.d aie. I couln fom aoctor^s treat-. r rnediemes tiii I us- s new Discovery. iiie to this wonder- T . ®^-^iree]y cough 2^ick and safe. it’« 3ie of all throat and f"A oOc and SI atFree l-Pa!n Piiis reiieve [wberry plants in. '^elve great vari- per hundrjd. [Jos. tm idJDlre frous life, accord- lailman, of San An- hind," he writes, r’s Nevv Life Pills site and energy I vV n'e and I believe 5st made.Excel- iiver or kidney cts at Freeman ANGLES, SHIN- I just reeieveda lot ss and several car finished lumber, Linsey, SI re&r 1912. >■ the purpose of lev. ISth 19th 2Qth » I 21st 22nd 23rd 26 th t £ nth th « th kh 10 to 12 12 “ 2 S “ 5 10 to 3 3 " 5 10 2 3 4 10 “ G 20 to 2 3 “ 10 to 6 10 to 2 3 “ 5 11 to 2 3 “ 6 10 “ 1 3 “ 5 9 to 11 4 1 6 12 10 to 10 to 10 to i 2 " 5 3und for the year [ NOW is the best ye abie to show everybody will tion and save me duty to do* s-ill take WARN- oceed at once to [D SAVE THE See the large arrival of new fall goods Our detection fnrtandled* which we are receivmg. is the most complete c Coat Suits A coat suit that wil! fit perfectiy, and which is made of the best of goods, made by the best of workmanship is the kind we have to show you. An inspec* tion will prove our merits. Millinery, Millinery, Millinery Our milliners are kept extremely busf, the fall season having opened witii the opening of the millinery season. Come in and look at those beautiful fall and winter styles. THE il« fli J. D. & L Burlington, B. WhiUed N.C. Stubborn Case; *■>% " I was under the treattnent- of two doctors,^ T/rites Mrs. R. L Phillips, of Indian Valley, Va., “and they pro nounced my case a very stubborn one, of womanly weak ness. 1 was not able to sit up, when I commenced to take Cardul I used it about one week, before i saw much change. Now, the severe pa'm, that had been in my side for years, has gone, and I don’t suffer at all I am feeling better than fn a long time, and cannot speak too highly of Cardui.” TAKE Tll^ wARDUl WomanHTonlc if you are one of those ailing women who suffer from any of the troubles so common to womens Gardui is a builder of womanly strength. Composed of purely vegetable ingredients, it acts quickly on the womanly system, building up womanly strength, toning up the womanly nerves, and regulating the womanly system. Cardui has been in successful use for more than 50^ years. Thousands of iadies have wriHen to tell of the benefit they received from iu Try it for your troubles. Begin today. Writt tor Ladits' Advljory Dept. Ctattaaooca Medicine Co., Chatianootn. Temi,, 4or Speml InsQ^sctioiu, and 6-p»se book. " Hotae Tfe*taicflt for Womeo." sent free. | sS Farmers’ New Ware house For the Sale of Leaf Tobacco P. S. Room. We are nowready to sell your tobac co. We have gone to a big expense to fix for you, and now we want a part of your trade, we have the interest of the market at heart and we are here to work for the benefit of the farmer. Every pile of tobacco is under our personal care and we are here to see that you get the top market price, when in Burlington with Or without ObaccO stop at the Farmers’ ware house where you wdl be welconie. we have one of the best warehouses in the state, so let us thank you in advance for what you can do for us. All tobac co, we think, is high as We ever saw, and we think now a good time to sell. Hoping to see you soon at the Farm ers’ Warehouse, We are, yours to Work, KERNODLE & WALKER,Props. * Good stalls and Camp During the recent eamjm-ign ther© was one fesue which in the liiinds of the people overshadowed all others, Diseussion of tariff wrongs and theories, trus4 regulation and measua?es of soci^ justice gained attentive hearing. But dee^> down not to be shakea by any argament or appeal,, was the> conviction that the necessaries of life—food and clothing and, rent an41 aiJSportatiDa—are too high, in pricj. Aiad it was chiefly with the hope of rlmediyiing these- conditions that millions of Amerieains voted as they did From the manner ia which the Beraocratiie and Ps-ogressSve ballots ovey whelmed the RehubliiaB vote, it i&appare4»t that a va^t majority believed th© care to lie m treating the tari®^ and trus’- problems by methods radically different froffla these pursiied biy th© Republican j®rty. ^Undoubtedly there is kgie in this; demand. TJndoul^edly,^ also, the high cc^t of living is umterially aiect^^ by other forces— by congestion of population in cities^ by feheovorpr^ttcfcionof g(^d, by the wateful methods of delivering product^ to the eoosamer through the hands of heedless middleEoen, ea,(^ whcaa extracts a profit. But there is still atiotber cause, so pJaia in its cperations and so tremendous in its effects that any proposal which ignores it most invitably fail to solve the problem. We refer to the evil of stock watering—that monstrous system which daring the last fif teen or twenty years has loaded down virtually every American industry with billions upon billions of ssearities representing no in vestment, but demandiner payment of dividends. Let no one imagine that this system concerns only the interests which,manufacture the so-called ‘’securities” and those who invest in them or gamble in then'. Every share of stock issued in these great flotations adds its burden to the American poople -a burden which is felt in the pocketbook of every American family. Thexe are many reasons why the necessaries of life are excessive in cost, bat the least potent cause assuredly is not the system which com-" pels the consumer to pay every year billions of dividends upon stocks falsely issued upon inflated values. This condition is familiar—it may even seem commonplace— readers of The North American.^ Again and again in recent years we have pointed out the palpable economic fai&ity of the system and its inevitable results. Now that the effects have become acute, we are fortunate in being able to cite clear and powerful revela tions in support of our reiterated warnings. These will be found in a series of articles by Thomas W. Lawson, of Boston, the first of which is published in the October number of Everybody’s Maga zine. Mr, Lawson some years ago performed valued public service by telling in the same magazine the secrets of “frenzied finance/' and the The North American commended his needed contribution to general knowledge. Later he attempted a stock-jobbing scheme, the ostensible purpose of which was to get millions from the public with which to attack the “System” in the stbck market; this plan The North American was prompt to denounce as unsound. Now that he has resumed the task of uncovmag the gross eviis which he understands so well, we recommend a careful reading of his ar ticles by every eitizen. “ Heading his Novembt?r article “The A-B-C of High-Cost Liv> ing, Mr. Lawson says that his endeavor will be to treat his sub ject in terms so direct and in words so simple that readers unfa miliar with the technicalities of commerce, finance and political, economF will readily understand what he writes. He defines the four kinds of labor—the labor of body, mind, machinery and capi tal—which enter into production, and by means of a simple alle gorical illustration shows hov/ the products are exchanged in the country’s markets, and how, under ideal conditions^ all prices would be automatically adjusted to production and-consumption. And he makes this obvious deduction: When the records show that production is greater than con sumption and that there is a surplus, and at the same time prices increase instead of decrease, it if proof positive that there is cheat ing in the price-making of the people’s productions. The only place where cheating can enter into theprice-makihg is in the false measuring, by u trick in the marketplace, of the a- mount of capita)-labor which enters into the production of the • world’s necessaries. . The false measuring is done, he says, through the stock ex change, with the result that, while “prosperity in the United States during the iast forty years has been so great that it has struck an average suplus balance each year of more than'2000 millions of doi- iars, yet the cost of living ha^ increased steadily instead of decreas- in; ” After showing that only five charges enter price-making of he people’s products—raw materi^'l, labor, incideartals (govern- nient taxesf etc.), capital and profit—Mr. Lawson turns his atten tion to the stock-watering evil. Here is part of his lucid exposi tion: The wealth of the country forty years ago was $25,000,000,€00*, today it is $131,000,000,000. The 131,000,000,000 is not in the possession of the whole people—the ones who produced it and now number 100,000,000—but ever three-fourths of it is possession by 10,000 of the 100,000,000 people. Sixry billion dollars of the nation’s wealth is represented in stocks and bonds, the paper titles to ownership to the nation’s incorporat ed industries. Forty years ago the stocks, and bonds which represented the actual capital employed in the nation's industiies (^,000,000,000) called for an annual interest charge of $250,000 000. That is, in the making of the prices o£ productions there was added each year to the cost of raw material, Jabor, incidentals and profit charges $250,000,000, or 5 cents per cent on the capital employed. This was real capital, the accumulated earnings of labor—body, mind, machinery and capital labor. Today, when the prices of products are made up there is added another charge of ^$3,000,000,000. The owners of the $00,000,000,- 000 stocks and bonds take each year-» through the cost of the peo-, pie’s living, $3,000,000,000 for which they give nothing in return but the use for a year of the capital the people require in the run ning of their industries. The problem of high-cost living centers in this $60,000,000 of stocks and bonds. If any part of it is counterfeit capital, the peo ple are being robbed of all that they pay for the use of the coUriter- feit part. If forty of the sixty billions are counterfeit, then the people are not only being robbed but enslaved, Over forty billions.of jthe sixty billions of stocks and bonds capital is counterfeit. It represented when issued no accumulated labor—body, mind, tnachinery and capital Jlabor, It represented nothing but a trick, and this forty billions of fictitious capital is largely owned by the 10,000 people, who every year receive $2,000,- 000,000 interest for it. ^ In other words, 10,000 people collect an‘Jannuai tribute of $2,- 000,000,000 from the whole American people. And it is this $2,- 000,000,000 added each year to the price of the people’s necessaries which, in conjunction with another enormous |amount taken in an other way through the stock exchange, has brought high-cost living. There is a great deal more of this kind of clear explanation, with illustrations taken from the overcapitalization of various industries; and then there is a simple recital of how stocks and artificial fluctuations are used in the great system of stock exchange gambling’ all leading to these conciusions; High-cost living is created by the stock exchange trick. The regulation or destruction of tariff, trust, insurance or transportation frauds, or the money ftrusts, will not cure high-cost living. High-cost living can be cured only the closing of the stock ex change as a gambling instution. If high-cost hving continues, it will bring the American people to black, brutal revolution. We urge every reader of The North American to study the (Continued on page 3.) I llte Greatest Oaiitest A^EBance Fttb* Ca. PkilleiL QK in IS 1 be capital prize is this beautiful Model “T” Fiyc- Pas&enger Ford Autoiriobilc. Two oir more of these Bpachines arc on our streets every day oVvDed by Gea Fogleman and Mr. Eugene May: 12 1 FORD Model, T. 5 PasseUger Touring $^.00 1 Indian Motorcycle* - !^400 1 Pony, Harness andOart ' 250.00 1 Gold Watch, Diamtons set in b^ick. Ladies or Gents 75.00 1 Diamond Ring. Ladies or Gents 75.(W 1 Speedmore Bicycle Lidies or Gents ^.OO 1 New Home drop head Sewing machine 60-(S0 1 Bed Room suit ^.00 I Scholarship Draughon’s Business College 60.00 J Double barrell breech loiding hamraerless Gan 40.00 1 Automobile repeating rifle 25.00 1 Leather couch . ^ 25.(X> Three months subscriprion ei^titles you to 100 votes, six months 300, nine months 900, onie year 1000 votes. Five years 10,000 votes ten years 25000 votes. No coupons given unless cash accompi«# subscription. The names of those who have entered the contest and received a goodly number of votes. Read the list and assist your favorite by renewing your subsaiption. NAME NO. VOTES Bertha May Horne 71300 Addie Ray 56000 Aurelia Ellington, Mebaine, R. No. 4, 50000 W. J. Brooks 4870C Mary Lee Coble, R. No. 1 48t»00 Waller Workman 17700 / Lizzie Cheek 13100 Betti^ Lyde May 11000 W. I.'Braxton, Snow Camp, 8900 Martin L. Coble, R. 1. 4300 T. F. Matkins, 3700 Gibsohville. ; Carrie Albright, 4900 Haw River. Mrs. ^B, L. Shoffner, R. 10, 5100. J. R. King, 1100 Greensboro. May Carr Hall 1000. Margie Cheek 1000 Doyle Heritage 1000 Must Be So Says Your Uncle li you would have Ihe State Difpatdh continue coi^iiig^ you MUST renew your subscription. The Post Office Depiurtment will not allow us to send you the paper more than a year. See us or pay our con testants and assist your favorite in i^etting the automobile. •• V:M ■.'■li \ ;• y. 1 ", -V wm
The Twice-A-Week Dispatch (Burlington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Nov. 20, 1912, edition 1
7
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