Newspapers / The Mount Airy news. / June 6, 1918, edition 1 / Page 4
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hi Austria. ▼toMM, AMna (Tto Barna. *wtt mt tha MMml - ituMiiofi to Aiwtrto to pabHahad ia ttto Dto Zeit of March • "A gMarml jwiniiii far paaea par wdn Industry, thara la probably not • atogto (roup, indeed, hardly a eaU tary Am which U not filled with the daaire ta aaa a apeedy and to the war. Hlfh war proflta lalonf to the paat; the war market raached Ha aenilh to m«; It ba«an to fall aaHy to 1*17, and la at praaant approaching eal lapaa. Aa tha war foaa on dlfllraltlaa with regard to production incraaaa, and nthar drawback* turnn appar ent, tha effect of which la to dtminlah proflta Tha induatriee ara faw which ara working to full rapacity. lark of raw materials and half-manufactured fooda ia vary much fait, it ia berom ki| mora and mora dlfllcolt to pro eura tha neceaaary aupplie* of roal. •aha, Iron and tat 15a matariaU; lha proviaiona of tha workpeople ia a matter of the graateat anxiety; tha railway aarvira ia in an abnormal condition, and tha atoppagea of traffic ara more frequent and for longer period i. For the last nix month* or der* from the War Office have much decreased; military operation*, with the exception of the Italian offensive laat autumn, have been only a frac tion of their former extent. The mil itary *tore* have supplies of many article* sufficient for several month*; in *ome ca*es they are overstocked, *o that, nothwith tandinir the continu ance of the war, many of the arma ment factories are compelled to re duce production for weeks at a time; in none ca*e*. indeed, they have to clooe down. Other*, in consequence of the meaner supplies of raw mate rials, are compelled to limit their out put to what i* absolutely indiapenaa ble. "Price* are very high having rapid ly risen during 1917. The government have accordingly been compelled re peatedly to grant increased prices, while coat of production and other charges have risen more rapidly. The profit* of many firms have been de creasing for some time, and with some companies must alieady have reach ed a level below that of peace times. Certain concerns are working with out profits the diminished output re presenting not half th' capacity. Di vidends for the year 1U17 are gen erally high most of the concerns draw ing on their reserves; with many firms in the heavy iron industries, however, reductions are contemplated, and the y.«r 1918 will see lower dividends. "Industry sees peace is approaching and is preparing itself for new activi- ] ties The war will now be waged , on a single front, and manufacturing I circles are aski' g that the production of war material «hall be confined to a portion of the industry, the other part being then free to take in hand the reorganization of industry for purposes of production in peace time. ....Numerous complaints have been made with regard to the unequal dis tribution of raw materials. It is stated that the shortage would not have been so great if government factories had not so lavishly secured their own sup plies for months ahead, while private concerns could not obtain the quanti ties necessary to keep their works go ing. Provision must be made for those undertakings — especially locomotive and wagon factories—whose output it is necessary to maintain in the inter ests of the generals public and the State. "During four years of war the roll ing stock of the railways has suffer ed great wear and tear, and new stock is absolutely necessary. The lack of wagons is very marked in the coal districts, and in other industries it hinders the supplies of raw ma terial* and the delivery of manufac tured articles. At the same time loco motive and wagon factories are suffer ing from the want of iron and coal, and are only able to fill their con tracts incompletely and with much delay. In all the industries the great est importance is attached to im proving and regulating th* supply of foodstuffs. Conditions in this respect have become worse during January and February Pract with ihe Ukraine and later with Rumania will it is hoped, form an avenue through , ... , ' . S 'id - - 'jk •rf avt far Ik* laat faar yaara, will i|»l« to III la, wbmmbf Ikt praaaat UM at prifittM wilt ha tens in A" ROMANCE IN INDUSTRI AL MEXICAN FINANCE. Whan tha Pmhm Canal mi ca* mrnrad by tha loaaaralt Admimatra tion Mr. J. C. Landlay of (Ilia ritj. and othara knowinf tha aucraaa at ranal would ia ita rum plat Ion influanaa rartain propartiaa along lha FuiAc that would ba ia roach at lha banaflta of tha canal organ wad a Two Millkaa Dollar capital atork company to ob tain control at eartain Mexican botm Jariaa of 2M.000 acraa of tlmbar I an da MQ,OM,0OO faat and ooa of lt, MO acraa of ailvar, laad and coppar mineral, hoth con variant to tha porta in connection with tha canal on tha Pacific cnaat. Thaaa valuaiila propar tiaa wara carefully inspected by wall know* eagiaaara. approvad and con tractad for at tha low figure* than pre vailing. And whan tha canal waa ■m plated, thaaa being lha moat pro minant loratod propartiaa for lieing influenced by tha canal, of couraa, aa thay had furaaan, advancad to a high er price. Thay pr a par ad tharafora to •all off tha timber and dayalop tha rich 1 mimrila when the war and Mexican trouble* broke out and checked it, und u*lay, the n.-.me condition* remain unchanged waiting "n the winning of 1 the war by ouraelveik and our Alliet and then settling political affair* in Mexico to make it nafe for busineaa. It is then thai thin great body of tim ber ran he marketed via canal to help build up the war and devastated Ku rope and of cmrte at very renumer ative and profitable price* to those developing it. These prominent gen-1 tlemen holding these two thou and, share* of stock, each share being one hundred dollar::, are standing like a rock wall ainee they were severely hit by the war and c indition* wait ing on final triumphs of the Allies and Axing peace and quiet with Mexi co. Then their plan* will U carried into completion, such being the cr.se the stock would become woi .h par or more. Mr. J. C. Lindiey, Secretary and Treasurer of the Company, is en* of the prime movers in the plans and the largest individual share holder; said .• hares depending therefore on tile outcome of the success of the Allies in winning tfaewar, and eventually Mexica being someway settled so that it will be safe snd reliable foj- busi ness. Mr. Lindley is located here at the present time in connection with organ izing the Gereral Agency office for one of the . .rongest life companies, which will 1* in control of eight or ten counties, including Virgian bor dering, so that we are pleased to note that there is prospects of bis opening a general office here in the early fu tur, not only, i.i connection with the insurance feature, but also the cor poration matters he controls. He has already made some ir vestment* in our city and it looks as it he may be in duced to finally locate here. Such men are much appreciated and de sired. American* Hearten Allies in France. I.ondon, England.—The official cor respondent with the Australians in France, in a telegram received here, says that the Americans with their en thuxiasm and earnestness and their magnificent physique, have brought an impression on the mighty, untap ped strength behind them which has caused the French and British armies to take a fresh view of the situation. He says that the widespread quarter nig of Americans over the country be hind the line, is the best indication of the multitude: in which they are ar riving. PROTECT Your tobacco crop against damage by hail, Insurance written at reasonable rate* in one of the largest and aiost reliable insurance company's in America. Prather Pul ton Insurance Agency. FOR SALE—One (ieiser thresher re built and good as new will sell a bargain in it. One second hand (A) six h. p. oil engine in a No. 1 shape. One (1ft) Com mill and one (20) inch com mill both new. Should you need some repairs for your thresher send in your order at once. U. K. Nelson, Ararat, N. C. U-BOATS SINK VESSELS OF NEW JERSEY COAST. Hu— at Loa* Haw Brought to Aaaarwaa Si da U-boat War fart ia Forlorn Hop* of Striking Tall tag Blow am thia SUo. Naw York, Juna k.- Nina Amtmn vtaalt war* kr.own tonight to hava baan aunk by («anaan aubaiannaa on tha North Atlantic coaat May 26. Tfca largaat to fall pray la tha raid art which %r* **aklag to pravant tfca ■ailing of trannporta with troapa for tfca hattlaflald of Pranca waa tfca Naw York and Porto Rico liaar Carolina of M,000 torn, which waa tttackad Sua day night al>out 128 milaa aoutfcaaat of Sandy Hook. Tha fata of har 220 paaaangam and craw of 130, who took to tfca boata whan ahalla bagan to fall about tha vaaaal, wan unknown lata tonight, but tfcata wu ho pa thay had baaa ptckad up by <ona paaaing ■hip or would raach ahora aafaly In tha imall boat*. Not a Ufa waa I oat in tha sinking of tha otfcar ahlpa, ac cording to lata raporta tonight. (Hk*T Victima a# l haata Raaidaa tha farolina tha known vic tima of tha U-boata ara tha Atlantic Raflning company tannar Harbart L Pratt, tha ntcamnhip Winniaconnia of 1,800 ton* and nix schooners, the lar fnt of which were the Hauppauge, a ■hip of 1,000 ton*, ami the Edward H. Cole. The crew* of these eight vessel* have l>een landed at Atlantic porta. Raports hrough ashore by the sur vivor* indicated that the Winmecon nice and nearly all the schooners were •unk by thr time U-boat whirh had been lurking in the path of shipping off the New Jersey rf>a«t and the Del aware rapes since late last month. The stories told by the skipper* of the schooner* indicated that the comman der of the submersible was unusually humane for a (ierman submarine offi cer. In no instance, so far as known, was a lifeboat shelled and in all case* reports the erews were riven oppor tunity to encaoe or were taken aboard the submarine where «om« of them were kept prisoner for eiirht day* be fore they were turned adrift to be picked up by a passing vessel. Snrtkiif Waters far L'-boata. Scored of United States warship* were ranging the wafers off the North Atlantic roast tonight in search of the German submarine* which mad)1 their long expected attack -on Ameri can shipping in home waters late yes terday afternoon. Out of the flood of reports which swept through the maritime district after the Associated Press first flu-he'l the new* that two cruiser submarine« were operating 75 miles southca-t of the Highlands of New Jersey, these facts stood out: The steamship Carolina of the New York and Porto Rico Steamship com pany has beer sunk. Nothing U known of the fate of the 220 passen gers and crew of 130 who took to the boats when the underwater craft be gan shelling the liner. The schooner Edward H. Cole, o( Boston, has been sunk by bombs and Capt. H. J. Newcomb, of Boston, with his crew of 10 have been landed here after being rescued from the boat in which they were given an opportunity to escape. The schooners Jacob M. Haskell of Boston, Isabel B. Willey of Bath. Maine, Hattie Dunn of Thomaston. Maine, ami Samuel W. Hathaway have been sunk. The crew of the Haskell is reported to have been saved, but noth ing is known of the fate of the three other crews. The Savannah line steamship City of Columbus is reported to have been sunk, but no definite news of her fate has been received. Fifteen survivors of U-Boat attacks were brought to an Atlantic port to night on a steamship which picked them up from small boata. Their depositions were taken by government officials and they were held incommunicado. Some of them had been kept pris oner several days aboard the sub marine and then turned adrift in a small boat. All were picked up by a coast liner. A government aviator in a hydro plane that alighted near Beach Ha ven, N. J., reported that SS miles off shore he sighted three lifeboats filled with persons pulling slowly toward the roast and had seen other life Tha lulw Htrtot L. Pratt four milaa W Cap* Htnliipm, Dai-, by I ■ lubuniM. Tha craw waa laodad at | Uwia. Dal. Kw far fata a# It waa laarwad authoritatively that | no attacka had haaa made cm An ■can trad a port* off lha Atlantic caaat. I All ahipa war* held in porta along tha j roast, howevr-, an a precaution. Thar* wara raporta that aa many aa IB nulla had fallan pray to the rald ara, but thara was ao verification of 'ham. Thara also wara unconfirmed re porta at hattlaa between warahipa Pear waa fait for tha fata of tha 860 paraona aboard tha Carolina, a vaaaal of <,000 tona rannlaf hotwaan Porto Rico and an Atlantic port. An 8. 0. S. call aant by tha ataamahip at 7 o'clack laat night aa If] aha waa hoing ahallad by a German aubmartna and that paaaengar* and crow had takan to . the hoata. Officer* of tha run pan jr nxaume >ha waa aunk, but Have no da I finite Information to that effect. They | place her poaltion at tha time aha waa attacked at f ron 126 to IM re ilea aoutheaat of .Handy Hook. The greater fear ia that the aupply of water and proviaiona kept in tha j boat* for an emergency may not have j t>een adequate. The weather ha* l*-*n warm and the Ma ralm, however, and the«e are regarded an hopeful augu ries The paioenger lint of the Carolina wis nut available here, hut it war known that among those on lioard were several American graduate* of the officer*' training school conducted on the inland. The Farmer* and The War. Mr. Herbert Qnick, a member of the Federal Farm I.oan Board, who ia not slow to *i*e a point, thu» (five* some reason* why the farmer in going to be a bifr factor in winning the war. He nays: "The farmer everywhere in a war rior when war i* the only thing which will make ami keep him free—e.ther a warrior er a serf. He cannot rally to the colora as quickly an the dwell er* in the cities, because it take* long er to iiend to the farms than to the eitie* the fiery croas of the call to arm«. It take* longer to call the far mers from the field* than the city dwiptlers from the shop*. for many do not hear the first blast of the trumpet, and other* do not at first understand its meaning; they have not hail the time to talk it over with their acquain tances on street corners, in store* on cars, in clubs, and at other gathering*, anil instead of reading half a dozen extra* a day the farmer may read weekly paper* instead of dailies, and must have more time in a certain emergency to make up his mind." Mr. Quick has great faith in the farmer'* ability to win the war. He *ays: "The farmers of this country could carry thenar to a victorious conclusion, even if all the other na tion.'* should quit. The rest will not quit, but we could win it without them if we had to do it. The farmers of the United States could whip Germany with guns, with the products of their farms, with heir money. Every farm | er in the United Stales must remem ber that the United States has a first mortgage on every cent that he has. The ? pare ccnt in his pocket should be devoted to the war. This is the crucial year of the war. Our soldiers are at the front, hundred* of thous ands of them in the trenches and mil lions more ready to go. The whole burden of carrying on our part of the war and aiding our sister nation* in arms rests on the United tSates treas ury. If the treasury fails, Germany wins."—War Savings Directory. A rather swell young fellow and a poorly dressed man sat side by side. Presently the swell reached Uis Hand In his pocket and failed to find his silk handkerchief. He immediately turnod to tiie next man and accused him of stealing it and threatened to turn him over to the police Then sud denly he discovered that the handker chief was in another pocket, and he apologised to the poorly dressed man. "That's all right," was the reply; "w% both made a mistake. You mis took me for a thief, and I mistook you for a gc.itleman." ro* ram Motmi or^TTv. ttii * ** GKNBKAL TOWH fUltD. Hay 1. Itlun cuk i» BuU, SI.46 ■ar'il of T. D. H»lrfc«r, chl.f of p->lv. coat, lit T. D. Hatrher. rhief of poiM-e forfait*, 10M T. D. Hct/ktr, dM of p»JW. .penal Itceaea. 1ui J. L. Immt, tea eoUartor, MJt WaUr »f*l IJfht Planl lJMM UMtM KXPEMDITL'REM P. M. Pom, Treaa. pay ilrm work, V7.ll Alf Banner, .treat work, 1.27 T. D. Hat< her. rhiaf of pnllre, salary Tf.AO i. H. Carroll, palire .alary M 00 J. K. Monday, police salary, IMl W. H. Brannork, rtraman aalary 66.04 w. n. nninnnrR, r irvman ..... •. * a . . ....... . . He..|«v * Taak, luailMr ale 1.46 J. A. Jackxon. hauling *artie|f. MM f. M Pnr.re Treaa , Bay atraat work, JO 14 A. UoMaaitli, rant Ore houaa, If,.DO Mt. Airy Feed Htore, faad. blAl Harm Broa.. amith aroxint, V40 Mount Airy Nawa, printing bill »JB U. A. Stark A Co., faaoline at>-., 4.4? A M. Smith, waffnn atr Mi» Arnold Uaaainbarry, curbing and aatUng, UJO W. E. Merrir Co., hardware acrount, . 2H4.04 O. C. Lovtll A Co.. faad M.OO Granite Mercantile Co., motor oil 4..V) Tfca Waat-Hill Co, feed M.42 J. L. Banner. ta* rollettor, rmmaiaaion,. 210.00 " Waiter Hide*, rurbmy and tatting, S4M F M Pnere Treaa., fimy atraat IttMM*,... rt.V.'r. M.2& V. M. Ponre. Traaa., pay atraat hand*. ....... M Balance « i-h in Bank, I1JW7.P1 HTATEMEMT MOI.'KT AIKT GRADED HCHOOt Ft'ND. May 1. Balance <a*h in Bank, ?«.' 41 Rtx-M of K II. K » htiixky, tuition, 11.*3 K. H. Ko»htit*ky tuition R7.J0 K. H. K.arhtiUky, i-oal J. L. Banner, tax collector, 1.272.72 <2.210.22 Balance r» h and voucher* in Bank, 2,210.22 STATEHENT WATER LHiHT AND POWER IM.ANT. May I. Balance cash in Hank, 4,726.79 EXPENDITURES I. W. Barber. Supt. salary, IfiODO Board of i<imfflis*«in«rii for (ieneral Town Fund, .. 1,500M W. E. <'iirter, judgement anil part co*t in (°a»-.ady ea*e SoO.OO J. A. Jw'kniw. f'lerk of '"ourt rout in Ca^sady <■***. 1M.60 J. L. Hiatt, laml new power plant, 000.00 Balance ra-h in Hank ' 1,7.10.19 $4,721.79 STATEMENT HON DEI) DEBT INTEREST ELNDS. May 1. Balance 'a h in Bank In pay intere#t on improvement bond* 912.97 Balance rash in Hank to pay interest on school bond* . . . . 4M5.AO RecM of J. L. Bonner tax collectory, pay intercut un improvement bonds 1.300,IX) j. L. Bonner, tax collector pay interest on school bond* 3*>3.ft4 I2.1W-.21 Balance cash in Bank to pay intercut on improvement bond* 2,112.97 lj-ilaoce .ah in Bank to pay interest on school bond." H49.24 $2,9X2.21 E. M. rooRE. Treas. E. C. B1VENS, Mayor. Approved: Finance Committee A. O. Bowman. J. E. Johnson. War-time Responsibility— Yours and Ours National necessity has put a new responsibility on every motorist. Utmost service is demanded—the highest use fulness of yourself and your car. Service and economy are your only considera tions. Our responsibility goes hand in hand with yours. As the largest rubber manufacturer in the world, it is our duty to supply you with tires of unfailing reliability and extreme mileage. . - « United States Tires are more than making good in this time of stress. They are setting new mileage records—establish ing new luooarai 01 couuauuua service—effecting greater economy by reducing tire cost per mile. There is a United States Tire for every car—passenger or commer cial—and every condition of motoring. The nearest United States Sales and Service Depot will cheerfully aid you in fitting the right tire to your needs. United are Good T1r«s •
June 6, 1918, edition 1
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