Newspapers / The Smithfield Herald (Smithfield, … / April 12, 1918, edition 1 / Page 8
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MOTION PICTURES. Tlie schedule for the motion pictures for next week is as follows: Pomona, Monday, April l&th, 8:30 P. M. Meadow, Tuesday, April 16th, 8:30 P. M. New Hope, Wednesday, April 17th, 8:30 P. M. Royall, Thursday, April 18th, 8:30 P. M. Benson, Friday, April 19th, 8:00 P. M. Polenta, Saturday, April 20th, 8:30 P. M. Next week the program will consist of reels especially Belecte^ by the State for our work. This means that we can absolutely guarantee satis faction from the reels. ? R. P. Mcrritt. STATE OF NORTH CAROLINA DE PARTMENT OF STATE. CERTIFICATE OF DISSOLUTION. To All to Whom These Presents May Come ? Greeting: Whereas, It appears to my satisfac tion, by duly authenticated record of the proceedings for the voluntary dis solution thereof by the unanimous con sent of all the stockholders, deposit ed in my office, that the Watson Com pany, a corporation of this State, whose principal office is situated in the town of Kenly, County of John ston, State of North Carolina, (How ard Wntson being the agent therein and in charge thereof, upon whom process may l>e served,) has complied with the requirements of Chapter 21, Revisal of 1905, entitled "Corpora tions," preliminary to the issuing of this Certificate of Dissolution: Now, Therefore, I J. BRYAN GRIMES, Secretary of State of the State of North Carolinr, do hereby certify that the said corporation did, on the 5th day of March, 11)18, file in my office a duly executed and attested consent in writing to the dissolution of said corporation, executed by all the stockholders thereof, which said consent and the record of the proceed ings aforesaid are now on file in my said office as provided by law. In Testimony Whereof, I have here to set my hand and affixed my official seal at Raleigh, this 5 day of March, A. D. 1918. J. BRYAN GRIMES, .. Secretary of State. "DRECO MADE MK FEEL LIKE A NEW PERSON" HE SAYS. Another Charlotte Man Comes For ward To Praise Wonderful New Herbal Medicine. Thousands Tak ing It. "I sufferwl aponies from pains in my back" declare* S. L. Webster, the well known resident of 101 Peachtree Street, Charlotte, in a public state ment. "I couldn't stoop over without much suffering. My liver was Bluppish whch often caused severe headaches and dizziness and I had a bad taste in my mouth. "I took two bottles of Preco and now am glad to tell an entirely different story. The first bottle of Dreco helped me very much so I pot another and now 1 can truthfully say that Preco has stopped every pain in my back, relieved the headaches and dizziness and made me feel like a new person. "I have pe.ined three pounds in weipht and feel fine." Mr. Webster is probably best known on account of his business connection with the Charlotte Casket Company. He is also prominently identified with the affairs of the Itaptist Church of his community. He makes the nbove statement for publication in order that others who may be suffering as he was may read and be benefited. Dreco is purely a vegetable com pound of roots, herps, barks, leaves and berries. It contains no harmful mineral drups and is known best for its beneficent action on the stomach and bowels. Dreco is dispensed by most pood druppists and is particularly recom mended in Smithfield by Creech Drup Co.? Adv. SWEET POTATO PLANTS. Nancy Hall, Porto Rico. $2 by ex press; $2.75 by insured mail per thousand. Millions of them. Gevern men inspection. No weevils. Order from nearest office. SEXTON PLANT CO. Royster, Ga., Edgefield, S. C., Val dosta, Ga., Tallahassee, Fla. JUST RECEIVED BIG LOT CAN vas cloth for tobacco beds. Cotter Underwood Company. i _ _ > 16 PER CENT ACID AT FARMERS Mercantile Co., Selma, N. C. RED CEDAR SHINGLES. NO. 1 Heart, at Farmers Mercantile Com pany, Selma, N. C. WE HAVE ON HAND A FEW GOOD mules and horses for sale. Cotter Underwood Company. SAVE THE QUARTERS and SEE THE DOLLARS GROW. BUY WAR-SAVINGS STAMPS! Third Liberty Loan and the Financial ? Strength Behind It. An analysis of the credit ratine of the United States shows that it ranks foremost among all the nations of the world. Our mobile available resources and assets have not been as yet thoroughly re cognized nor made available, but the test to which they hve already oeen subjected gives unmistakable evidence that we have only commenced to marshal our forces and strength for the fulfillment of our purposes. It is a fact usually overlooked that the property values of this nation have increased to a marked degree since we entered the war. A conservative appraisal of the economic wealth of the United States may be reasonably figured at close to $300,000,000,000. Our estimated annual national income is about $50,000,000,000. Both ?he*e figures far exceed the comparative equivalents of any other nation. Any loans which our government makes are supplemented b.v property and income taxation so that both become the compon ent parts of the financial structure of the country to meet its extra ordinary expenditures for war. Upon such a foundation the credit of the nation is established when asking the people for the loan of funds in the form of subscriptions to Government Bonds. Such bonds today represent the fullest possible measure of safety as a conservative investment. Deductions based upon the debt of the I'nited States. The total amount of Liberty Loans outstanding, added to the ?3,000,000,000 now offered for subscription, amount to $8,808,766, 150. In proportion to the annual national income, this debt creat ed for conducting the present war is only about one-fifth of the country's annual income. Assuming that a rough estimate of the government's yearly rental for this money to be 4 per cent, or say, 55352,000,000, it is evident that our annual national income is equi valent to about 112 times the interest requirements. Most invest ment bonds show earnings of only twice their interest charges. The estimated wealth, debt and annual income of the principal nations of the world may be best appreciated by an approximated . ontrast : Wealth Debt Income United States .$300,000,000,000 $10,000,000,000 $50,000,000,000 Great Britain . 85,000,000,000 25,000,000,000 12,000,000,000 France 60,000,000,000 23,000,000,000 8,250,000,000 Italy 16,000,000,000 9,000,000,000 3,000,000,000 Canada 7,000,000,000 1,250,000,000 1,000,000,000 Before the United States entered the war our net national debt was approximately $1,000,000,000. By adding approximately $9, (?00,000,000 of Liberty Loans, the debt of the United States amounts to about $100 per capita. At the present time the com parative per capita debt of our Allies is approximately as follows: Canada $140 debt per capita Italy 250 debt per capita Great Britain 500 debt per capita France 600 debt per capita Similarly, when calculated the proportionate distribution of the rnnual interest payment to the population of the country, the in terest on our total debt amounts to only about $3.50 per annum per capita. What commensurate value should we presume to name tor the protective sacrifice our Allies have made for us? In consideration of the casualties suffered by Great Britain's military forces alone in this war which have totaled about 80,000 per month during the past year (of which 5 per cent, or about 1,000 each week have been fatal) who would count dollars asLa measurable offset? On the basis that Great Britain's losses Dy death or permanent disability in war service have been as much as 2,500 men each week throughout the past three years and a half, the proportion which each individual loss bears to Great Britain's debt to us as represented by the loans we have made to her to date amounts to about $3,250 per man sacrificed. This does not take into account the other tremendous material losses in the unparallel ed defense now being made, neither does it take into account the losses and fatalities and permanent injuries suffered by France and Italy. It is probably conservative to assume that the total loans which our government has made as our contribution to our Allies, do not exceed $1,000 to offset every man that has been lost in fighting for cause in which we are equally interested and invol ved. Therefore when the American people lend their money for the successful defense of their liberty they are certainly not equal ing the sacrifices of the other fighting nations who have been pour ing forth their lives as well as their wealth in a mutual defense against a barbaric enemy. Prospective Value of the Three Liberty Ix>ans. On the assumption that a 4 per cent rate of interest may reason ably represent the credit basis of the United States shortly after the return of peace, the Second Liberty 4s converted into 4 l-4s should then be quoted at 101 % and the First Liberty 4s converted into 4 % s should be quoted at 102 V4. The 3!/js, which differ from the above issues in that they are absolutely free from all taxation, should never be subjected to a direct comparison since they will be I rimarily in demand by those who can well afford to purchase them on a 3 1-2 per cent, basis so long as excessive income taxation gives to those bonds a particular, independent value. While it is possible that our government may not be required to issue bonds bearing a higher rate of interest than 4 1-4 per cent., especially if the war should end at early date, it is also probable that if a higher rate of interest should later be named for future loans, the particular tax exempt features which the present 4 l-4s carry might be altogether removed from subsequent issues. Even a partially tax-exempt bond as the 4 l-4s are, would in that respect be in demand over a fully taxable bond. At all events, the pres ent rate of 4 1-4 per cent should certainly be regarded as amply justified in consideration of the fact that the citizens of this coun try should welcome an opportunity to even loan their money with out any interest return whatever in order to bring about a victor ious peace and the perpetuation of the democracy which we all wish to continue to enjoy. Why Liberty Loans are the Soundest, Safest, and most Salable Security in the World. The government's control, with the people's acquiescence, of all the resources, wealth and productivity of the nation, coupled with the unlimited power of taxation, constitutes the economic vitality of the nation. The power of taxation supplements the value of all wealth and goods in support of any desired credit. Experience of the past have demonstrated that liberal application of taxation is ihe surest method of financing every great national crisis. The rec ord of the Napoleonic War indicates that at that time, nerly 100 years ago over 40 per cent of the cost of the wars was paid by di rect taxation. At the present time taxation is estimated to be pro ducing for some of our allied nations over 25 per cent, of the actual daily cost of the war. Such submission and loyalty on the part of a democratic people to their government justifies confidence in any credit or loan that may be asked for. The soul of such a nation is certainly capable of fulfilling any duty necessary to honor its debts. Patriotism assures the government that public support will safeguard all moral and financial obligations. A national loan should not be regarded in the same class with a State, municipal or corporation bond, since the government debt supersede all obligations of any minor political body or subdivis ion. EVen the sacrifice of the credit or solvency of any munici pality is of small importance when the financial standing and in tegrity of the sovereign state is at stake. In the latter case, the faith and credit of the entire nation and all of is units and peoples pledged to honor its obligations and taxes may be levied accord ingly without regard to the needs of any subordinate or corporate body. A national loan is a veritable mortgage on the integrity, good faith and taxable assets of the people and when a government loan ceases to be safe, then no other known security based upon property within that nation will have any dependable market value. The default of a national obligation would be a calamity to the en Lire commercial structure of its people. Consequently no such sit uation is conceivable in the case of the United States Government nor the bonds which it invites you to purchase. Space Paid for and Donated by THE FIRST NATIONAL BANK Of Smithfield, N. C. T ake INotice BUY VICTORY BREAD MADE BY AMERICANS NOT BY GERMANS A Word To the Wise is Sufficent ForB?"e CITY GROCERY Phon* 1 Smith field, N. C. Spring Goods Are Here If you come to Pine Level, I want to see you in my store. I carry a nice line of Spring and Summer Dress Goods, Ladies' Misses and Children's Shoes and goods for Boys and Men, such as Hats, Caps, Clothing, Notions, overalls, etc. My stock is larger than ever before, and I am prepaired to fur nish you what you want. Call to see me. J. F. THOMPSON Pine Level, North Carolina CITY OF DURHAMiTAKES ITS NAME FROM HIS ANCESTORS Well Known Resident, Who Has Spent Half A Century There and Knew The City When It Was Young, Talks Interestingly of Its Early Days and His Own Experience. Fifty years ago a Grand Uncle of ny father, Dr. Hart Durham, sold and on which the city of Durham now ests for three dollars an acre. I lave lived around Durham myself for ibout fifty years, "said J. J. Dur lam of 505 Cole street, West Durham, n the course of a conservation with he Peplac Expert in Haywood and Joone's drug store. After introducing limself Mr. Durham continued: "I have suffered with indigestion lifferently from most people. Usually victims of indigestion suffer greatly ifter eating but I had most of my sains before meals. I tried other reme dies but nothing gave me relief until [ gave Peplac a trial. Every day my A'ife speaks to me of the great change for the better that Peplac has caused in my health. My daughter has also started to taking it, as she also suffers with indigestion, constipation and ner vousness, and it is putting her in good shape. My wife has requested me to bring her a bottle, so you see my en tire family have become convinced of the merit of Peplac. I want every person in Durham, who suffers from these troubles, to accept the state ment of a fellow townsman and give Peplac a trial. I know that they will not go wrong." The merits of this great reconstruc tive tomic is explained at Hood Bros, where it is sold and recommended. A bottle bought today may save you years of suffering. Ad v. Send Your Order for Job Printing to The HERALD, Smithfield, N. C. Everybody EATS Turnage Sells Groceries ? Good wholesome Groceries-? Turnage asks no more than you pay for inferior Groceries. Try our goods is all we ask. Country Produce Too. Smithfield, N. C. BUSINESS NOTICES. WE ARE IN THE MARKET FOR several farms, of different sizes. If you want to sell see us. Abell & Gray, Smithfield, N. C. NINE CENT SUGAR-NICE WHITE Granulated, in 5 and 10 pound pack ages. 8.20 in barrels and 100 pound sacks. I have just received several thousand pounds. W. M. Sanders, Smithiield, N. C. SAVE THE QUARTERS and SEE THE DOLLARS CROW. BUY WAR-SAVINGS STAMPS! FRESH JERSY COWS FOR SALE. E. P. Boyett, Smithfiold, N. C. SEVERAL VOLUMES OF RILEY'S Poems just received. Herald Book Store. WIRE FENCING WANTED EITH er new or used, 36 to 42 in. Write me what you have, stating quantity, size, condition and price. S. S. Holt, Smithfield, N. C. SEE US FOR 'ASPHALT ROOFING. Cotter Hardware Co. LET US SCREEN YOUR HOUSE now. Cotter Hardware Co. A NICE LOT OF BIBLES JUST RE ceived. Prices from 35 cents each to $4.00. Herald Book Store. FOR SKIN DISEASES AND BLACK heads, use Dr. Muns' pile and ecze ma ointment. For sale by all drug gists. NINE CENT SUGAR?NICE WHITE Granulated, in 5 and 10 pound pack ages. 8.20 in barrels and 100 pound sacks. I have just received several thousand pounds. W. M. Sanders, Smithfield, N. C. TWO CARS OF STOVES AND Ranges just received. Cotter Hard ware Company. FOR THAT BAD CASE OF PILES try Dr. Muns' Pile and eczema oint ment. JUST RECEIVED AT COTTER-UN derwood Company's a car load of Red Rust Proof seed oats. IF YOU WISH TO SELL YOUR farm it will pay you to see us. Abell & Gray, Smithfield, N. C. IF YOU WANT TO SELL YOUR farm it will pay you to figure with with us. Abell & Gray, Smithfield, N. C. NINE CENT SUGAR -NICE WHITE Granulated, in 5 and 10 pound pack ages. 8.20 in barrels and 100 pound sacks. I have just received several thousand pounds. W. M. Sanders, Smithfield, N. C. TWO CARS OF STOVES AND Ranges just received. Cotter Hard ware Company. WHY HOARD YOUR MONEY yhen we sell 16 per cent. Acid Phos phate for $18.75 per ton for the cash. Farmers Mercantile Co., Sel ma, N. C. IF YOU WANT TO SELL YOUR farm to the best advantage see us. Abell & Gray, Smithfield, N. C. JUST RECEIVED A LARGE LOT of New Testaments, ranging in price from ten cents to $1.40 each. Herald Book Store, Smithfield, N. C. NINE CENT SUGAR-NICE WHITE Granulated, in 5 and 10 pound pack ages. 8.20 in barrels and 100 pound sacks. I have just received several thousand pounds. W. M. Sanders, Smitrfield, N. C. THE SMITHFIELD BUILDING & Loan Association has helped a num ber of people to build homes. It will help others, and maybe you. New series of shares now open. See Mr. J. J. Broadhurst. A BIG LOT OF 16 PER CENT ACID just received. Farmers Mercan tile Co., Selma, N. C. BUY YOUR ACID AND COTTON seed meal from the Cotter-Under wood Company, Smithfield. Full supply now cn hand. GET YOUR 16 PER CENT ACID AT Farmers Mercantile Co., Selma, N. tc. >?0.000 RED CEDAR SHINGLES just received at Farmers Mercan tile Company, Selma, N. C. THREE HUNDRED TONS BEST grade fertilizers now in warehouse. Cotter-Underwood Co., Smithfield, N. C.
The Smithfield Herald (Smithfield, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
April 12, 1918, edition 1
8
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