PAGE FOUR ■ —. . ■ ~ l. PPHE CONCORD DAILY TRIBUNE |§l J. B. SHERRILL, Editor and Publisher £ W. H SHERRILL. Associate Bditor ” MEMBER OF THE ASSOCIATED PRESS F; The Associated Press is exclusively entitled to the use (or tepublication of all news credited to it or not otherwise credited in this paper and also the local news """published herein. ES* r All rights of republication of special dispatches Ucre ._ in ftre also reserved. (i>»» Special Representative FROST. LANDIS A KORN 225 Fifth Avenue, New York Peoples’ Gas Building, Chicago 1004 t'andler H tripling. Atlanta Entered as second class mail matter at the postolfiee I at Concord, N. C., under the Act of March X, IS7JL j •] “ SUBSCRIPTION RATES E , In the City of Concord by Carrier: Pfflffuthiir' i $6.00 j Six Months 3.00 I'Three Months i 1.50 f Outside of the State the Subscription is the same as in ' the City j [ J Out of the city and by mail in North Carolina the | following prices will prevail: j| One Year $5.00 Six Months 2.50 Three Months 1.25 LLess Than Three Months. 50 Cents a Month J All Subscriptions Must Be Paid in Advance ; • ’ NOTICE TO SUBSCRIBERS 1 ■ Look at the printed label on your paper. The date | i thereon shows when the subscription expires. Notice I | date on label carefully, and if not correct, please notify j I i us at once. Subscribers desiring the address on their j i pjkper changed, please state in their communication i both the old and new address. [j |TCommunications must be accompanied by the true |! name and address of the writer in order to receive at- 1 I j tention. The Tribune, besides receiving the Associated Press • II reports, receives also service of tire International News (Service, as well as a number of Other important special features. h fl ,.,— » ! “A CONSPIRACY OF SPECIAL INTER ESTS.” [j Former Senator Smith W. Brookhart seems |j to have reached the gist of all agitation about |{ lack of interest being manifested for farm re- 1 I j lief when he Says the farmers will have no 11 chance until they elect a majority in both ltous i es of Congress that will fight to a finish ‘‘a eon- 11 spiracy of special interests.” """'“‘Agriculture,’' Mr. Brookhart said, "has: perhaps passed its most critical stage in Am- ’ *-CTican history. The Haugen bill faces minu s’ nent defeat. This defeat has been brought £ about by a gigantic conspiracy of special in s' terests against the basic industry of our coun »£ try. I g “These interests have devised a scheme of economy which denounces everything as eco nomically unsound unless it promotes their i ‘ special welfare. Because of their size and pres ■ tige they are able to control the views of the J statesmen and dictate the actions of the Unit ed States government.” These interests control the government now * because the Republicans are in power. The, l t Democrats have nothing in common with the ’ plans to aid industry to the detriment of ev- | «rv other class. The Republicans have failed apparently in , pj their plan to adjourn Congress at once. Up | setting the program of Republican leaders, the || House declined today’ to set a definite date for 1 tile close of the present session. By a vote of 191 to 133 a move, sponsored, by Representative Tilson, the Republican | |j floor leader, to bring about adjournment June 30 was defeated for the time being at least. Headed by Representative Madden. Repub lican, Illinois, a group of western Republi cans and Southern Democrats, mustered suf- j ficient strength to send a resolution proposing i • sine die adjournment a week from Wednes day to the House ways and mens committee. The action of this group, as explained by Mr.' Madden, was prompted by a desire to prolong % the session until the Senate can act on the J rivers and harbors bill and farm legislation. | . The Democrats are doing all they can to aid the farmer and they are going to keep Con- 1 gress in session as long as possible so that 1 jjj some relief measure can be adopted. ONLY FOR THE RICH. :? W . “The good old United States Senate is com ing back into its Own,” says Robert T. Small, j the reliable Washington writer. “Years ago' it was known far and wide as the ‘Millionaires' i Club. In those days a senator was supposed' to have a million dollars—all except the less well-to-do ones from, the South, who were elected on tradition or ability or both, regard-; less of their financial position. Nowadays you have to spend a million or so to get to the Sen ate, so that old soubriquet is coming back.” With the exception of the South a poor man has no chance at all to go to the United States Senate. In the States of the Southland money does not play such an important part in elections for it is possible for a man to he nom inated and elected here without the expendi ture of any scandalous sum. ‘ We haven’t the figure? at hand and we do not remember them off-hand, yet we are cer tain Senator Overman and Robert R. Rey nolds spent only meager sums in their pri mary fight. Neither could have spent money . lavishly because of laok of it and because you can’t find “citizens’ committees" or “business | iirteln’s comfnittees” in -the . South A wiling ta i 'give seviraj hundred dcfllairs' just thfldugh love of oif interest in some candidate A man of mqderate means has a chance ta | represent his? State or district in the South but elsewhere pilch is not the case, i What chance would a poor man, regardless of his abjjltjy have had in the dollar battle in Pennsylvania 1 ![ GOOD BUSINESS IN PROSPECT. Most of the familiar barometers of trade last . week indicated that a new forward movement s in business was getting under way.' The im ■ provement in conditions which has been faint > ly evident for several weeks, was not clearly I enough defined to permit adjustment of its | duration, but financial and business sentiment ■ was unmistakably more optimistic. I A vigorous upturn in the stock market which carried United States Steel to the highest point in its history and other leading industrial [ stocks to new top prices for the year, con i tributed td the more cheerful outlook Credit 'conditions were distinctly easier following the j treasury’s redemption of more than $3.’;0,0,>0,- ! 000 of notes without a new offering, while a strong investment demand quickly absorbed about $175,000,000 in new bond flotations | For the first time this year exports of mer- I chandise in May exceeded imports, the month's J surplus of $38,000,000 contrasting with a fa'v tarable import balance of $10,000,000 in April and $68,000,000 in March. Progressive improvement in iron ar.d steel condition was evident from latest reports from the industry. An advance of $2 a ton in structural steel attested a firmer price sit uation. | This stiffening price tendency, the weekly trade reviews indicated, was spreading to oth ; er lines with a general firmness of wholesale i quotations replacing a rather extended decline las the first half of the year draws to a close. : The manufacturing output in most industries “ , was reported to be in close balance with actual I demands. Leading automobile companies continued .to advertise record breaking sales. Occasion jal price reductions apparently have caused lit | tie uneasiness in view of well sustained de -1 mand for cars and have been ascribed chiefly to the keen competition in the price field. i Railroad earnings reports for May due this ; week, are expected* to carry forward the im provement which has been characteristic of i the year’s operations to date. ' | i Governor McLean started out to run the government on a budget and lie has dime just that thing. As a result North Carolina lias , money in the bank and so far as can be de- i tected wf have nt< gbnc backward. We have ' progressed to be sure, but we have progressed ( I only to the extent of cash on hand and as a re sult we end the year with a better taste in j our mouth. i WISE CRACKS. ' By International News. V If you owned Chicago and Mexico which one would ' you r»*nt out? —Nashville, Tenn.. Hairner, If we want the marriage laws ehangH. let’s let four : marry instead of two- —so they can play bridge.—lhm- ] i ville. Va.. Bee. ! Wife Dies Without Medical Aid—Headline. Women ■ are so self-reliant these days.—Tampa. Fla.. Tribune. j When a woman driver holds out her hand, the dia- ’ i monds look pretty, but the signal doesn't necessarily 1 1 mean anything.—Gadsden. Ala.. Times, j Irrigation might help relieve the farmer's troubles, ami many thirsts might also be abated.—Greensboro. X. C., Record. | France is pot too proud to fight but she’s getting 1 .almost too poor.—Knoxville. Tenn.. Sentinel. Well, so long. See you at the North Pole.—Durham 1 Sun. j Next to money the hardest thing to keep is a secret. 1 J —Danville Bee. PLAY AND PLAYGROUNDS. W : n»ton-Salem Journal. i Whatever the shortcomings of tViustop-Salein as a ! real city are —and they are both numerous and sufficient ly obvious—the matter of public playgrounds is not one , of them. Thirteen of these, eleven for white and two for colored children, were opened to the public yester day and in order that the play may he democratic, j wholesome and beneficial each playground wall be iu 1 charge of one or more experts trained in some well known college or university. There : s every argument in the world for organized, I systematic play for everybody. It is the natural bumuu I outlet for all perplexities and complexities which result from "the thousand natural shocks that flesh is heir to.” 1 Physically it is good exercise for the body, mentally it | is refreshing and rejuvenating; and morally it makes us belter citizens, neighbors and friends. To the old it is a near approach to the fountain of youth; to the young it i< the builder of sturdy and wholesome character. The following news story printed some time ago in the New York Times is evidence of the concrete value of play ; “Tarrytowu announced yesterday with pride that the Juvenile Court of that plaee had not had a single case in j twelve months. Youths of Tarrytnwn have gone in for j baseball, and it is believed there that the juvenile crime i problem has been solved. I “This condition was said to bo primarily the result of i a community-wide effort made by the Rotnrinns. Their boys’ work committee organized a Tarrytown Twilight League, which included every boy who could or ought to play baseball. Ydung men volunteered to act as eoaches. ; and committees composed of larger boys labored to put i every available ball field in shape. Funds were solicited . Land equipment purchased. ,! “The 1926 season is being launched on a more elab orate scale. The Uotariaus are providing uniforms urn! other equipment for nine teams." The citizens of Winston-Salem should show their ap preciation of the play-grounds and the city government, which has generously made them possible, by patron’zing them throughout the summer in greater numbers than ever before. While they were planned primarily for the children they are open to the older ones as well and one should never get too old to play. Play will make life worth living and will add years to your life. Truly Winston-Salem can never make a better investment for herself and her citizens than the equipping and opera ' tion of her numerous playgrounds. *- (M B 14 LABOEST CHURN. The Pathfinder. I A new population estimate by the commerce depart ; ment places the 14 largest V. S; cities in order as fob ’ New) York 5,a81,(K»: Chicago Philadelphia 2,bW.(IW •! SXJOjUOO: ' St; 1 Louis HlftbW; Baltimore KOH.OOO ; Boston (7X7!000; Pitts , burgh 4i3t,0U0; Los Angeles; (1920 figures, 1 nfp'new feder 1\ al estimate)' 1 507,000; Sau Francisco 567.000; Buffalo ; oLtIOOO Washington 528.000, and Milwaukee. 517.000. Mi Moravian village to kill off its eats with m;^-. The cats r— lu ~ ,y She &$&&& tturt T6IBUNB • l " > "i '"‘-“wissjiija DAY OF ACTIVITIES FOB B. & U (Continued from Page One» these credits the interest on the bah* anefc mentioned above and the re maining credits is then deducted from rile previous balance and this reduced balance is the amount on which he pays interest- for the next period; This schedule strictly adhered to wiU amortise the loan in eleven years and .seven months. Against this account is also charged any amounts that the association may have to be called up on to pay for the shareholder, as taxes or insurances. The sharehotdr er waives his rights to dividends dur ing the life of the loan. 1 might say here that this also takes care of the man who for some reason has to skip a payment and who is not able to make up this payment. It only reduces the amount that will apply tb Ithe reduction of his principal.” "I have been asked the question by building and loan inen. is the Ohio plan shareholder op the same footing as the installment shareholder? I answer t’liis by saying that so far as concerns his participation in the sur plus dividends of the association, he is not —he has waived all Ins rights to dividends exceeding the prescribait rate (and to all dividends if he is a borrower) and is consequently not on a par with installment sharehold ers. Bnt so far as his responsibility to the public is concerned, he sAiaree alike with the installment shareholder, being to no advantage in that respect nor has he privileges of withdrawal or in procuring loans over the in stallment shareholder. “Associations desiring to iustai' these shares must ohtain permission of the State insurance commissioner. -Unless tiie association is established and has shown success in its earning' power, then the permission will not l»e granted. The dividends on the Ohig shares are guaranteed dividends and the department will not allow guaranteed dividends excessively dis pro|K>rtioiiate to those paid to install* ment shareholders.” Fine attendance and keen Inter est in the matters presented for con sideration and discussion marked the opening session of the convention Tuesday afternoon. Os particular interest was the re port of President J. F. Stevens, cov ering t*ie league's work of the past year and outlining policies to be fM lowed in the future. Extracts from this report follow: “Altogether too few of our people are attracted to our building apd loan associations purely from the stand point of. an investment, and realizing too that this seeming lack of interest may be attributed to a lack of knowl edge of the real functions of our i.a sociations. your league has endeav ored to carry on some publicity through the news columns of the press, hoping thereby to bring our people in closer touch with just what our associations are doing.” “In co-operation with the national •league »pd other agencies working iii conjunction with the national Y. M. A. in its Thrift Week program, your league endeavored to enlist the interest of the local associations in putting on an active Thrift Week program. A fitting observance of this occasion will afford a splendid opportunity to focus the attention of the public on the work that the asso ciations are doing.” “Your committee on education, with W. L. Mann, of Albemarle, as chair man, has done some effective work in inducing various colleges to include the study of building and loan it their commercial courses.” “I began my term of office with a determination that every district should hold a district meeting at some time during the year. I have left no stone unturned in trying to induce the district presidents to hold these meetings. I feel that there is much to be gained from these group meet ings. It affords an opportunity for so many to attend who find it impos sible to attend the State league meet ings.” “The Legislature has not been in session during my term of office, there fore there has been little activity in this respect.” “The committee handling the E. L. Keesler memorVal fund has been ac tive and I think it will be able to report progress in** carrying out the establishing of this memorial fund.'' “A local survey of the associations in the state has been undertaken. I believe that with a more complete file of information in the league head quarters, covering the operations of our associations, that your league of ficials will be able to map out their program of work so as to more ef fectively serve the needs of the as sociations.” “I think the league should have a publicity committee, whose duty it would be to gather items of news value and educational value and furn ish such matter to the press regular ly.” “Our associations have assumed such importance in handling the sav ings of the public that we should have closer j>ersonal contact between the associations and the supervising authorities of the state.” “We should follow through with the matter- of establishing a State land bank to serve the needs of the association.” “The ideal in holding group con ferences is to hold them by districts. However, it might be advisable to enlarge these conferences to include larger sections of the state. I have in mind a western conference, a pied mont or central group conference and an eastern conference.” *‘l think the committee on educa tion should be continued until every eollege and high school in the stale has incorporated the study of build* ing and loan in their courses of study.” “I think we should net some date fbr the payment of' due*at an earlier date than that imraeeople praising this medicine and telling of the great benefits they had derived from its use. And to my surprise, the first bottle showed me that I had at last found the r'ght medicine. I continued tak ing it regularly for about two months and today lam a changed woman. I never suffered any more from nervous ness. indigestion or constipation. M.v color has brightened up, 1 have ii good appetite, lots of energy, have gained ten ixmnds in weight and now I sleep wonderfully well at night.' Since herb extract known ns HERB JUICE has thoroughly cleaned my system I am not troubled with ner countless nor headaches and m.v gen eral condition is wonderfully improv ed in every respect. I arise in the feeling refreshed and ready for tny daily task. I know front oxpe rience that HERB EXTRACT will provide relief for sufferers of bowel disorder. It is a wonderful laxative, tonic and system regulator, hence I have no hesitancy iu recommending it to others. I shall continue to endorse it and recommend it to m.v friends and everyone as one medicine wor thy of their confidence." For sale by Gibson Drug Store. INEW I Vagabond | Panamas $4.95 I v X Millinery Dopt. MISS ALUM LE4BG, Br^. §0OCOOC»0OOC30OOOC5OOOOO treasury * jiurplus for thiri fiscal year, ending ,ijlufe HO, amt promising comfortable j halaiv-ee the nqg& two ; yeai*. .President t'bnlidge tonight wa?B«l that another tax reduction must Wait a fnll tent of the new revenue f W J Outlininge a program of' “Construc tive economy” to department and ■ bureau cbiefc of- the government, in ' get meeting President Coolidge as id [ treaaury should sad next yaar nn addrcan to the semi-annual liud 'vith a surplus of SINS,OOP,(H)O and the following fiscal year with a mar gin of $20,000,000. Hut it would b<* “unfortunate” to promise additional tax reduction on the basis of these figures. Mr. Cooi idge declared, “until we are sure that the state of cur finances justifies it.” , r x«*v was the first\oflk'ial.\dtylara-1 tiun.by the executive on theitalt''(puH tion. which has< aroused cousi(l«rab]>- discuasion recently in Congrea# ns the surplu(t fd'r this year .jumped fnr beyond the experts* estimates. Wires t cover nearly. 2pjUH>lltMt ncrea in France, or one-tifth of the total area ofthe country. Wednesday, June 23, 1926 » , , -,,S Now 1$ The Time to Exter minate Flies, Aants and All Other Insects BY 'USING CENOL ; ;v[ r , Sold and Guaranteed by, Gibsoa Drug Store ... CAjpntsj #