North Carolina Newspapers

WEATHER Fair tonight. Friday in- creating cloudiness, prob- ably followed by rain. Moderate to fresh winds. CIRCULATION Wednesday 1,603 Copies VOL. XI. FINAL EDITION ELIZABETH CITY, NORTH CAROLINA. ri 1URSDAY EVENING, DECEMBER 15, 1921 EIGHT PAGES NO. 293 V 1 j V i ) Far Reaching Process Retiring War Debt Begins President Harding Has Announced Decision Of Administration To Issue Through Treasury . Department New Form Of Investment For Persons Of Small Income By DAVID LAWRENCE (Copyright 1921 by The Advance) Washington, Dec. 14. The far-reaching process of retir ing America's war debts without depending upon repayment frojn the allied countries has begun. President Harding himself announced the decision of the administration to issue through , the treasury department a new form of investment which is de signed especially for the man and woman of small income. After experience with every kind of security, the Govern ment has at last evolved a plan that will pay every purchaser of the new $25 for every $20 in vested, $100 for every $80 and $1,000 for every 800 if not re deemed in five years. For the first time, too, the govern ment guarantees a uniform income Irrespective of the date of purchase or market values. Thus if any certi ficate la redeemed before the five years pass, the original $20 or $80 or $800 as the case may be is returned to the purchaser, but with additional interest of 3 per cent for the peri od that the certificate has been held by the investor. Absolutely no 11m ' it has been placed by the Government on the number of certificates that will be issued to the public as a whole, though an Individual is limited to $5,000 worth. The object is to pre sent large banks and trust companies from buying all the certificates that the government may issue. Further more, the government intends to reach the persons of large income by j -the issuance of another type of treas ury certificate which bears a straight ( Interest rate for short periods like .six months or three years. The devel opment of government policy in this direction is gradual, but for the mo ment the plan Is to concentrate on the email investor and teach him the val ue of the new thrift Idea. The government will thus take care of about $600,000,000 worth of 1918 treasury ' certificates which mature about a year hence and to that ex tent the proceeds of the new security will be used in refunding. Five months later three and a half bll-j lions of Victory loan bonds will ma-! ture but that's too big an issue to Tetire through small thrift certifi cates. Some new treasury certificates of larger denomination will have to be Issued and these in turn may be retired through the smaller certifi cates. In other words, the refunding frocess is in an experimental state and the treasury will know more about the best method of retiring America's debts after the new issue of certificates has been received by the general public. No "stunt" campaign or flashy tac tics will be used in selling the -new certificates as the government is de pending upon the press, the post offices and the banks to let the small Investor know about the opportunity. A dignified effort will be made by the treasury department to reach the small investor and it is felt by the government that at last a security lias been. evolved which gives the "small fellow" as good a chance as the "bl fellow" on attractive gov - ernment securities. Officials say there is no especial re lationshlp between the announcement of the new Issue of treasury certlfl-' cates this week and the fact that Lib erty Bonds are back at their original par value. But the fact Is the treas- ury has been working on the new the public at stated Intervals and off -plan ever since it was apparent that setting these borrowings by gradual Liberty Bonds were starting bark to par. The psychological value, never- and Imports. In other words the theless, of announcing the new Issue 'government must go on the assump at the very moment when Liberty ,tlon that Europe cannot pay America Bonds touched par. Is appreciated. 1 tn billions of war debt and that if So many small Investors bought Lib- anything Is paid In "the present gen- trty uonds witnout Knowing that eration it win to mat extent ease market values could cause them to tlin burden and curtail the necessity drop in price that the government ' for borrowing. The people of Ani now is benefitted by being able to erica will therefore finance their point to the par value of bonds ns government by lending It money proof of the original promises of the from time to time until collections government. Still the treasury has from regular sources of revenue can had to take Into account that many be piled up. Investors, disappointed by their ex-j Soine opposition from small sav perience with Liberty Bonds, might Ings Institutions Is anticipated but be cold toward government Invest- government officials Insist that the menu unless given an absolute guar- effect In the end will be to help sav antee of the par value of a security. Ings banks. Anything that encour The .new certificates cannot fall in ages saving, it Is contended, will v.-ilno. Thoy are redeemed wheneve' help the general business of invest- t ' - '' find ho jus- ment. GERMANY SAYS SHE CANNOT PAY Berlin, Dec. 15 (By The Associ ated Press) Germany, today in formed the guarantees committee that it was impossible to pay the reparations due January 15 and asked for a moratorium. Daugherty Wants Better Co-operation Washington, Dec. 15 (By The As sociated Press) Attorney General Daugherty today announced that the governors will be asked to call con ferences of Federal district attor neys and state prosecutors for the purpose of bringing about better co operation. IS ASKED TO ENTER PRELIMINARY INJUNCTION Chicago, Dec. 15 (By The Associ ated Press) The Injunction banning the checkoff system of collection of miners dues recently issued by Fed eral Judge Anderson and ordered re cast by the Federal Court of Appeals was amended to Judge Anderson with instructions to enter a preliminary in Junction while the case is Deing re - argued STEAMER OVERHAULED The 26-ton steamer Harby, now be ing operated by the Elizabeth City Boat Line on its dally run to Nor folk, has been completely overhaul ed, and, according to A. Hi Nicholson, agent of the line, is now one of the fln.oi otonmera that tin a evar been !used ,n lMBl trangportatlon ierTlce. The Harby was built at Elizabeth City by Button-Wilson, Inc., and the overhauling recently completed in cludes the addition of a large and comfortably fitted smoker, besides the regular salons for passengers. The freight capacity of the steamer is large, and the line is now well pre pared to handle freight and pas senger service on a dally basis be tween Elizabeth City and Norfolk. EXCHANGE TICKETS FRIDAY Those who have bought tickets to the annual Elks Minstrel, the "Jol lies of 1922," may exchange them for reserved seats at the Savings Bank & Trust Company Friday. tains no loss at all in fact he col lects interest besides. There is to be a continuous sale, moreover, of these certificates. The date of purchase doesn't affect the value as was the case with war savings stamps. The new process doesn't Increase the public debt but rather redis- tributes it. The intention is to cre ate an army of new Investors, touch ing a class which would not otherwise be disposed to save. The number of jpjans t0 be used in retiring the war debt as a whole will continue to iu crease from time to time In order that all classes of investors may be reached. But in general the govern ment has embarked on a policy th;;t looks toward the gradual retirement of the war debt by borrowing 'from accumulations of surplus from taxes;eites cut or sawed from wood and iPERU MOBILIZES j 11,000TROOPS !And Is Sending Seven Regi ments To Tacna Province, Says Dispatch To Buenos Aires Newspaper Buenos Aires, Dec. 15 (By The As sociated Press) Peru has decreed the mobilization of nearly four hun dred officers and over eleven hundred troops and Is sending seven regiments to Tacna province, says a dispatch to La Nacion. AnibiiNKurior Denies Imports Washington, Dec. 15 (By The As sociated Press) Peruvian Ambas sador Pezet today denied reports that Peru is mobilizing troops against Chile. Commercial Teachers Meet At St. Louis St. Louis, Mo., Dec. 15 (By The Associated Press) The twenty- fourth annual convention of the Na tional Commercial Teachers' Federa tion will be held here December 27, 28 and 29, according to announce ments by Robert Grant, president. The organization is composed of five divisions, with five inter-organizations, each having its own officers, as follows: A public commercial schools department; a private com mercial schools department; a short hand round table; a business round table, and a general federation whose officers are selected by the entire membership of all departments. MRS. J. M. BELL ENTERTAINS V. M. S. Camden, Dec. 15. -Mrs. George Williamson, Mrs. Maggie Blount, Mrs. John P. Sawyer and little son, John P., Jr., of Elizabeth City, spent Tues day with Mr. and Mrs. J. M. Bell at Camden. Tuesday afternoon' Mrs. Bell entertained the missionary so- cietyi A largo number were present and a very interesting program was enjoyed, also the delicious ice cream and cake which was served. Oscar Deford Is sick at his home here. Alfred Sawyer had his hand badly mashed by an accident and was In the city for medical attention Wednes day. Rev. S. B. Overton, who has been qulte ill at a Richmond hospital, Is improving. H. G. Kramer, vice president and cashier of the Savings Bank & Trust Company, has returned from a busi ness trip to Raleigh. BUSINESS MEN'S BIBLE CLASS TO ELECT OFFICERS SUNDAY At the regular business meeting of the Business Men's Bible Class of Blackwell Memorial Baptist Sunday school last Monday night it was de cided to elect officers for the ensuing year on Sunday morning. It is re quested that every member be pres ent to take part in the selection of the officers. , TENT SERVICES TONIGHT Mrs. McAdams will preach tonight at 7:3U at tne tent on i-araonaKH street on "Perilous Times." The I public Is cordially invited TOYS MADE AT RALEIGH HIGH SCHOOL ON SALE Raleigh, Dec. 15. Having turned out 184 as clever toys as will be found in any toy shop within the past three weeks the manual training do- partment of the Raleigh High School Wednesday went Into the merchandls- ing business and disposed of most of the toys at remarkably reasonable prices. The exhibit of animal toys, of cat chairs, kiddie cars and various nov- attractively painted attracted much attention Tuesday afternoon and Wednesday morning in the Martin street window of Hudson-Belk Com pany. About noon the toys were re moved from the window and placed on Bale upstairs where they attracted many customers. Proceeds from the sale will go to , defray expenses of making and for the benefit of the department. Killed When Auto Hits Telephone Pole Columbus, Ga., Dec. 15 (By The Associated Press) Mrs. Katherine Endicott, wife of Lieutenant Endicott, was killed today when her automo - hi!e struck a telephone pole. Will Use Gas To Drive Gang Out (By The Associated Press) Jackson, Ky., Dec. 15 Three members of the band which raided Breath itt jail Monday, killing a man and wounding a wo man, were surrounded to day by state troops in a cave on a creek near here. The state forces planned to use gas to drive them out. Freighter On Shoal 0 30 Men Aboard Chatham, Mass., Dec. 15 (By The Associated Press) The freighter Schodack struck on a fshoal In a snow squall today while enroute to Boston. Thirty men are aboard. The Schodack was proceeding to Boston. floated and is SHORT SKIRT IS HYGIENIC w. C. T. U. Worker Says Much At Least In Its Favor This Philadelphia. Dec. 15 (By The As sociated Press) "The short skirt Is hygienic if nothing else can be said In Its favor," Mrs. Elizabeth Middleton, director of the World's National Wo men's Christian Temperance Union, told a group of high school girls here today. Try To Make Draft Rule Please All New York, Dec. 15 (By The Asso ciated Press) Restoration of the draft rule under satisfactory condi tions to all concerned was the sub ject before the national advisory council of baseball, which went into executive session with Commissioner Landis presiding today. National Guards Enter Coal Fields Pittsburg, Kan., Dec. 15 (By The Associated Press) National Guards- (men today entered the coal nelds to I protect union miners who have been 1 prevented from work by activities of militant women, ; DISCUSS RECCOMMENDATION8 FOR NEXT CONFERENCE Memphis, Dec. 15 (By The Associ ated Press) The Southern Metho- idist Educational Association today is (considering recommendations for the jnext general conference. Wilson Is Proud To Be Soldiers' Comrade Washington, Dec. 15 (By The As sociated Press) Former President Wilson is proud to consider himself a comrade of all men of the Expe- ditionary Forces, he said in a letter to J, Bentley Mulford, vice president I of Rainbow Division veterans, reply- ; ing to his New Year's greeting. LUMBERMEN DISCUSS THE FREIGHT RATE REDUCTION Memphis, Dec. 15 (By The Asso ciated Press) Freight rate reduc tion and forestry legislation were dis cussed at the special meeting of Southern yellow pme manufacturers here today, ' Grateful To Mrs. McAclanw J. F. McCuilen of Mt. Olive, a man of advanced years who was converted at the McAdams revival there a few weeks ago, has the following state- ment in this weeks issue of the Mt. Olive Tribune: "For the spiritual benefit I received by her revival meeting in Mount Olive, I desire to make her a Christ mas offering as an expression of my gratitude. If there are ny others who will Join me In this offering, if they will meet at my store on Friday evening next, with their gifts, we will pack them In a box and send them to her at Elizabeth City." I) All, I IKWN MEETS Dublin, Dec. 15 (Ily The Associ ated Press) A large crowd was out side the building today when Dail Eireann plumed Its secret session on the agreement with Great Britain. I EASTLAKE TRIAL CON'TIM EH Montross, Va., Dec. 15 (By The Associated Press) The prosecution today continued the presentation of ;evldence against Roger Eastlake, r' "rd with his wife's murder. Choral Society Will I Give What Folks Want DlKK'-Nt MunIciiI Comedy Ever On In America Indicated An Next Show lit In answer to rumors widely circu lated here during the last few days, F. It. Hufty. director of the Elizabeth ; City Choral Society, states that he has not resigned from that position. He Is still upon the Job, and determined gest organization in North CaroiinaThe Associated Press) Con from a musical standpoint. jsideration of the naval, ratio Mr. Hufty states that a group of:question ig understood to have the leading business men of this city;, . , , , ,, . Is now backing the society, thus as- been Completed by the Big surlng Its financial security. He says, Three. The following meeting further that the membership is aboutljg taken ag & forecast 0f com. to be augmented by about forty voices .. . chosen from among the city's younger iPlete agreement on the limita social set. The biggest musical comedy ever nut on in Aniprlnn will h nroanntorl by the Choral Society, says. Mr. Huf-j Britain and Japan, ty, in its next production here. He Washington, Dec, 15 (By The As is now in correspondence with Eddie ,soclated Press) With the formal an Foy, world-famous comedian, who'nouncement of complete agreement appeared In the show during Its, between Great Britain, the United Broadway run a few years ago, and States and Japan on the basis of the has written the publishers as well, In otter's acceptance of the naval ratio order to obtain, if possible, the right awaiting adjustment of technical de to use it. Pending definite informs-j tails alone, the focal point of the tlon from them, he Is withholding the arms conference today appeared to name of the big musical somedy. This be shifting to Far Eastern discus departure of the society from its for-s'ons. mer rule of presenting only operatic Alternate proposals relating to the productions Is made in an effort to j"flve-flve-three'' ratio as worked out give the Elizabeth City public what it apparently over night by naval ex wants, he says. This number will be ! Perts presented to Secretary Hughes followed by the comic opera "Ermln- ie," which Is on the order of musl cal comedy. Whether or not the Choral Society win later present the sacred opera, "Elijah," which has been considered as one of this season's productions, will depend upon a vote of the people of Elizabeth City, says Mr. Hufty. If the majority of the ballots are In the affirmative, the society will under take It; but otherwise another num ber will replace "Elijah" upon the season's 'program. Asked about the dancing, choruses , , . . ,' and other features of the proposed musical comedy to be given the' next production of the society, Mr. ii.. a , !, t ,,' .' i loaded, with hay, when the horses Hufty declares that he can train cast.. . . . and chorus to meet every requirement of the show. ''I can take the material I have in Elizabeth City and credit ably produce any opera, or any mu sical comedy," he says. Immediately after the Christmas holidays, notice will be given of the first rehearsal for the next Choral Society production. Negro Shot By Dry Agent When "Hands he refused a up," George command of W. Douglas, colored, caught in the act of making. the wagon, which collided with his a "run" at a still on the Foreman- ifo,IfrEy .throwing him to the pavement Blades lumber road about four miles from th'a city, at noon Thursday, was shot by Federal Prohibition Agent T. C. Babb. He was brought 8topped. to this city, and his Injuries were The two colored men, Britton and dressed by Dr. C. B. Williams at theAvarren, were taken to Dr. H. D. city Jail, They were not Berlous. Babb, accompanied by Officer G. W. Twlddy, of the, local police force, left this city early Thursday morn- ing to make a search for moonshine stills in the edge of the Great Dis mal Swamp, above Elizabeth City. At about noon they discovered a still in full operation about five hundred yar'ls from the Foreman-Blades lum ber road, along which they had been going. A negro operating the still, falled to see the officers until they employment situation throughout were close upon him. Ordered to I the United States from experts repre surrender, he raised a pistol, and ws genting the President's Conference on In the act of taking aim at Oillcer Unemployment, Col. Edward Clifford, Babb when the lntter threw his shot- r-slstant secretary of the treasury, gun to his shoulder, and fired point- sr.!t ' word today to Col. Arthur blank at the insisting negro, who then fell to the ground, nnd called out that he would give up. The officers h"rd a second man j immediately undertake additional running throu It tii" underbrush, but construction work to the extent of, could not captu. J him. The wound-j J14,762J)t)0 on various hospitals ail ed negro, who ,",ve his name as thorlzed out, of departmental funds. George W. Gouglas, was brought to Some $2,500,000 will be spent on this city In a horse cart by Raynor three hospitals at soldiers' homes In Miller, a farmer of the Providence f Mil waukee, Wis.; Dayton, Ohio, and rwt'on. lie was peppered with small Marlon, Ind. Other of the larger hos shot about the legs and body. Ipllals on which work will be begun' The captured still is of fifty gallon at once as a further means of rellev capaclty, copper throughout. It Ing local unemployment are: Tuske shows evidence of continued nee. jgee, Ala., $2,250,000; Palo Altc I Cal.. $1,500,000; Pittsburgh, Pa.. College Officials Are After Hazers I The Treasury Department an- Wake Forest, N. C, Doc. 15 (Byjnonnced that It would co-operate In The Associated PreH) College offl-levery waV poosible In this hospltali clals are trying to learn the Identity , rgt0n wnrk) so that the money appro of the students who hazed Ralph Tat- rrntP(j t,y Congress might be made terson of Fayetteville by binding and RVatlable as quickly as Its supervising' gagging him, cutting his hair and architect could approve the varlou blackening his scnlp. r-lns. I, INTEREST SHIFTS TO m EAST Alternate Proposals Relating To Five-Five-Three Naval Ratio Presented To Secretary Hughes Today Washington Dec. 15 (By tion of naval armament as re gards the United States, Great today. Mr. Balfour and Baron Kato, delegation spokesmen, said this in dicated that no agreement had been reached by the Big Three Lost Bridle When Horses Ran Away Three Men Hurt When Frightened Team Made Wild I)nnh Down Burgess Street James Heath, a young white man, and James Britton, colored, both em- i . ... . ' .... - .... jjiuyeu vy v. rj. vv nunuis ul duulu Mills, were thrown from a wagon od and ran away on East Burgess street at noon Thursday, and both were slightly hurt. John Warren, colored, who was driving down Bur gess street in a buggy at the time of the runaway, was run Into, his ve hicle was demolished, and he also suffered minor injuries. Heath and Britton had loaded the hay at the Norfolk Southern freight station, and were leaving for South Mills, when the horses became rest less and attempted to run. In an effort to check them, Heath pulled a bridle in two, the bridle dropped off. land he completely lost control of the animals. They dashed down Bur gess street, throwing off the two men on the wagon, and scattering bales of hay as they went. Warren, driving down the street, was unable to avoid and the runaway team swept on down to the corner of Burgess and Road streets, where the horses were Walker for treatment. " Their in juries were not serious. Heath was slightly bruised, but was otherwise unhurt. The veh'cle, a heavy log wagon, was practically undamaged. Will Undertake Construction Work Washington, Dec 15. After re- reiving an outline of the serious un- Woods, cha'rman of the committee on civic and emergency measures, that the Treasury Department would $1,000,000; Nw York City, $1. 000,000; New York City, remodeling Catholic orphanage, $600,000; St. Louis, Mo., $1,000,000.