Newspapers / The Daily Advance (Elizabeth … / May 28, 1924, edition 1 / Page 5
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Eminent Ihinkers Support School To Study International Relations; Suggested as Walter Page Memorial DR. J./t. C. CHANDLER. ?+?? FRANK UN D. ROOSEVELT. "With one of tho most eminently qualified groups of leading thinkers In the nation behind it, the pro posed graduate school of internat ional relations?the first of Its kind to be established In this coun try?Is now well on the road to realization. Characterized at a recent con ference in New York as "infinitely more than a school of diplomacy." the proposed school has been de signed to promote "greater under standing and knowledge of all the branches of international life in the midst of a world relationship where scientific and economic facts are bringing nations to many forms Of interdependency." As an outgrowth of this con ference. which was presided over' by Franklin D. Roosevelt the fol-' lowing resolutions, introduced by Dr J. A. C. Chandler, President of William and Mary College, were unanimously adopted: 1?Recognizing In tho growing Influence of the United Htates in world affairs, and the inevitable Interdependence of nations, the need of a school of highest stand ards and equipment for the con duct of research and training in tho field of international relations, we cordially endorse in principal the establishment of a school of international relations. 2?We understand a proposal has been advanced that such a school be connected with Johns Hopkins University and also that the further proposal has been ad vanced that because of his eminent practical service in promotion of sound International relations at a critical period in our history the name of Walter Hlnes Pa Re bo as sociated with the school. S?The Chairman Is hereby authorized to appoint a committee to confer with the President of Johns Hopkins University, with friends of the late Walter Hlnes Page and others In order to fur ther these proposals and bring them. If possible, Into full realiza tion. Pending approval by the author ltles of Johns Hopkins University, the scope of the school is planned to Include the five basic subjects of fundamental bases of Internat ional relations, history of Internat ional relations. International law, diplomatic practice and procedure and International organizations. It has been suggested that the course embrace a three-year period of graduate Instruction, at least one year of which would be spent abroad In the study of racial snd ethnnlofrteHl ncriilinrliicn nnlllirnl and social undercurrents, and other pertinent factors that have direct bearing on the relations or nations with each other. Behind th?? project are scores of prominent educators, publicists, jurists, business men and men who have held high public office. In cluding Colonel Edward M. House, Edward Bok, Newton I). Baker, Dr. Edwin A. Alderman. President of the University of Virginia; Dr. John H. Fin ley, of the New York Times; Governor A. C. Ritchie, of Maryland; Ray Rtannard Baker; Dr. Kenneth C. M. Rills, president of Howdoln College; William Allen White, Kansas publisher; I>r. W. H. P. Faunee, president of Brown University; Herbert S. Houston, ed itor of Our World; French Strother, of World's Work; former Ambassador John W. Davis. Goorgo W. Wlckersham. Julli:.' II. Raines, president of the U. R. Chamber-of Commerce; Dr. Harry A. Garfield* president cf Williams College; Dr. Archibald Coolldg" of Harvard, and a score of other equal!y prom inent men and women. Headquarters of the committee appointed to bring the project be fore the next conference in cou erete form have been established In the offices of Herbert I* Gutter inn 111 V?w Ynrlr Everyman's Investments GEORGE T. HUGHES By George T. Hughes Mr. Hughe* is a bond expert and analyst with many years' ac tive newspaper experience. Ev ery week day of the year he writes an interpretive dispatch from New York concerning the activi ties of the day in the hond mar ket. He has prepared this scries of articles for Advance readers at the request of the Consolidated Press Association. ac, Wu -fn n A Sliarp Distinction TWENTIETH ARTICLE It Is remarkable how few other wine Intelligent people do not under stand the difference between stocks apd bonds. I am often asked whether this or that stock Is a good Investment, the Inquirer adding that he wantB first of nil safety of prin cipal. Now strictly speaking there Is no surh thing as safety of prin cipal in a stock. The only way a stockholder can obtain the return of his money Is by sale of the stock In the open market and then h? has to take the market price whatever that happens to be. Sometimes It Is higher than the price he originally paid and sometimes It is lower. In either case he has no recourse. There some stocks mostly high grade I'vrred Issues which are so stable Fn market price anil In earning power even under adverse condi tions In Industry that they may be fairly termed Investments. Such stocks command a market price which varies only with the current charge for money hut theso are the exceptions and even here the only way to obtain a return of the prin cipal Is to sell the stock. Now It Is qnlte different with a bond. A bond has a definite maturity date. When that dale arrives the bondi .must he paid If the corporation Is solvent. A bondholder Is a creditor; a stockholder Is a partner. The bond holder lends his money at an agreed upon rate of Interest for a definite length of time. The stock holder takes all the risks of business ^Knaps In return for a share In fiTflness successes. There Is no comparison between the status of two. This does not mean that ill bonds are good Investments and it all stocks are speculations, ?tnershlp In one enterprise may bo than the loan In another. Each must be Judged on Its own Its always, however, bearing In IJJVK8T TOUR SAVINGS IN SAFK HONOR. See a* for fall mind the sharp distinction between' Blocks and bonds. Market Price and Value I TWENTY-FIRST ARTICLE A good many people confuse value' with market price. They are not the same thing at all. The market price of a bond or stock is an estimate of | its value at that particular moment, j The estimate may be right or it may be wrong. Take the case of Libertyi bonds for instance. Thousands sub-i scribed to the government loans dur ing the war and a couple of years' later when the market quotations went way below the subscription' price they were indignant and oven : in some ^ases alarmed. They de-' dared the value of their Investment had depreciated. It had done nothing of the kind. What had happened was they had made contract with Uncle Sam under which they loaned to him certain sum of money on his promise to return it at a specified time with interest at a specif led rate meanwhile. There wan never any doubt about this contract being faith fully observed. When, however, for one reason or another a lot of peo ple wanted somebody else to take over the contract they hnd to offer a concession in the price. In other words they had to pay for the pri vilege of letting somebody else carry that loan. It had nothing to do with the value. It happens that now when Liberty bonds are selling above par there are a lot of p?ople very qnxlous to take over those contracts and will ing to pay a premium for the pri vilege. Th*s has nothing to do with the value either. The Government Is still certain to pay the Interest re gularly and the principal when due as has been (he case all along. This illustration I; taken because every body is famHar with Liberty bonds. It applies more or less to other In vestments outside of the speculative class. A genuine Investor holding a sound security should not pay too much attention to temporary fluc tuations In market price. Only be sure that the security Is sound. In a general way high grade Invest ments vary In market price with the current change for money but that is quite a different matter and that I shall take up foT discussion in a subsequent article. 'ETERNITY BOUND" IS PREACHER'S SUBJECT Those who attended the services, at the Free Will BaptUt church Tuesday evening heard Evangelist Griffin deliver an able message fioinj the subject. "Eternity Hound." In the beginning the Evangelist asked the question. What aiu 1? anil then j proceeded to answer the question by | saying. "I am a creature creatcd in ; the image aiul likeness of God. 1 , am a being that desires, wills and possesses the ability to exercise! choice. 1 have faculties for com-] muning with God." The Evangelist declared that, "man has come by ( the creature hand of God aud not through u misty indefinite process and whether he wills It or not he Is journeying toward the Inevitable goal of eternity. The route over which he has come may have been crooked, but It now remains an im possibility for him to go back to straighten and adjust. Obedience alone to Jesus Christ will make the past, as well as the future all right. It becomes now a blessed privilege as well as an unmerited honor to walk the rest of the way la com pany with the Christ. All of us are architects of our own destinies." When the invitation was given three young people come forward and confessed Christ. Services are held each day at th3 knitting and hosiery miiis at 12:30 and cottage prayer meetings in the afternoon. All are being well at tended aud much Interest Is being man. ies tod. The Evangedst will preach this evening at eig'it o clock from the subject, "The Op? a Door.' The ?,lng i?g is under the dnectiou of S. S. Davis. MAE >11'lilt A V DESIGNS "BROADWAY KOSE" GOWNS Among the much talked of fea tures of Mae Murray's recent photo plays, "Peacock Alley" and "Fascina tion," was the dazzling array of gowns that the blonde star tfore in those productions. In her latest pic ture, "Broadway Rose." appearing at the Alkramu for the last time today. She Is said to wear costumes made from Miss Murray's own de signs. I find that all the soft music in the world is of no help to me In catching the necessary mood in act ing for the camera unless I have the feeling that the costume I am wear ing is the one exactly suited to that mood In color, design and appro priateness." says Miss Murray. Pnrker-Driuiinanant A quiet wedding was Holemnized Tuesday afternoon at 4:30 by Itev. E. F. Sawyer In Dr. T. S. McMullan's office In the Hlnton Building when Miss Lucille V. Drumnanant became the bride of Walter Henry Parker, both of Portsmouth. The witnesses were Miss Mary 8. Wright and Dr. T. S. McMulIan. Mr. Parker is the son of Mr. and Mrs. J. H. Parker and Miss Drumnanant Is the daughter of Mr. and Mrs. A. Drumnanant, all of Portsmouth. LAW IS FRIEND OF THE CHILDREN They Should In* Taught So lo Consider It Says Judp Slack in llis Charge lo Dare County Jurv. Manteo. May 28.?That children should be taught to consider the law as their friend and not their enemy was the plea of Judge A. M. Stack in his charge to the Jury when court opened here Tuesday morning. "The law Is the best friend that ' your child has excepting Its mother," I Judge Stack sajd. "The law obeys the precepts of the Gospel?it loves its enemies. A man disobedient to, the law Is sentenced for the purpose , of reclaiming him as a worthy citi zen. Moses taught the children of Israel to obey the law and today you have not a Jew on this criminal docket; today there is not a Jew In the penitentiary of North Carolina. They are law-abiding citizens. They are still taught to obey the law and ; they are not prosecuted in our I courts." Referring to the prosecution of the liquor law Judge Stack declared that "the grand Jury should Indict coun ty officials who are not doing their! duty toward the enforcement of this law. or you should indict the Judge or the solicitor if they fail to carry lout their duty with respect to the en [ forcement of this law. It is not for lus to say whether we ar?*~" in sym pathy with existing laws and a Juror who will allow himself to be influ enced by his feeling toward a law Is not flt to serve on the Jury. "Of course the county officials i need the backing of the citizens at large to prosecute any law. There ' are so many good people who are afraid that they will make somebody mad by appearing against them. We need more mornl courage among our citizens in helping officials in the en forcement of our laws." Eight tick cases were tried here Tuesday and a conviction was se cured in each case. I^rge crowds flocked to Manteo Monday afternoon and Tuesday and the crowd Wednes day was larger than it was on Tues day. A number of women were pres ent at the courthouse when Judge Stack charged the Jury. CUTS-SORES Cleans* thoroughly?th?n, without rubbing, apply? VICKS Vapo Rub Ommr IT MtUUm J.rm U?J Y.mrly FRESH VEGETABLES May l*en?, Spring Turnips, Spring fleets, Spring Onions, Lettuce, Celery, Tomatoes R. L. GARRETT riio.xH huh FELT "ALL GONE" IN HIS STOMACH Wilket-Barre MaH "Take? Paw Paw and Finda Way Back to Health "Tor many years I suffered from what may bo described as an 'all gone fooling' In the i?it of the stom ach," says Charles Taylor, 11? 1 State St.. \YIH;es-Barro. Pn. "My appetite was very poor, mv strength and vitality wen* leaving mo. Nothing wonifd to help me, even though I had many proscrip tions compounded as given to mo by physicians of medical standing. "Ono day whllo in the drug store, I talked with tlio gentleman who is exhibiting Paw Paw Tonic and giv ing health talks on diseases com mon to every one. 1 bocaiuo inter ested and explained my case to him. "I1 ? sui;; i itiKl ti-.it I pirchase u hottl ? f IY .v I'nw iijii'c ai'-d lake it according to dlroctions. 1 gladly bought the Paw Paw because I was willing to try anything for relief. I faithfully took it for little over a week and now* report that my appe tite is now first class. "I hare no trouble with my stomach or bowels. 1 fool, in fact, | stronger in every way than in years. My \itaiity and general mental j power have greatly increased, I and I thank the Paw Paw Man for showing n\o a way to health." This might as well be your ex perience as that of Charles Taylor. Why don't you try Munyon's Paw Paw Tonic. It costs only $1 a bottle ond you can get it at any first class drug store. It is wonderful for indigestion, stomach troubles, lost energy, sloopliness, heartburn, depressed feeling after eating, bll iuosness, nervousness and general run down condition . Buy a bottle TODAY! There's a Munyon Pill for every ill." Munyon's, Scranton, Pa. ad*r THE OLD HOME TOWN . BY STANLEY MRS CD NWURftLBR #ROK? MC? WASH i > "THIS HALT <N HER. -WORK <JAVS KB* A CHANC?^TO_?lT/ ^ DOWN, THE FittsT^-Tiwc^/H^-TMfces^vveBK^f' H4 >st ?H r,* >lff >y ^ >Jf ^ W W ^ U ANCESTOR WORSHIP Thmp Chinrsr pray to their unerstors. Bui they do more than that. They allow themselves to be guided liy family tradition in their evrry thought nnd action. Tin* principal difficulty facing the introduction of modern improvement* into (Ihiiiii is the univcrsul ohjeetion: "This in not aft father* did." Imagine Raying that we did not want electricity because our forefathers were satisfied with candles. Though we never went as far as the Chinese, our conservatism in the past often went to con siderable lengths. Think of the telephone, of the motor car. Ilow much encouragement did they get at first? Advertising more than anything else has made of us a nation willing to judge something new on its merits, rather than on narrow, ancient traditions. Advertising today is as necessary as clectrieity, sanitation and rapid transit. It is more than the system by which we are kept informed of every new improvement that is to our advantage. It is the catalog wherein, every day, all monner of articles are listed for us with their individual advan tages. i Read the advertisements. Be guided by them. They will help you in making your selections. They will save you money. i < I ~^V >hoe ? Wuury We sell the latest in every thing that men and boys wear, at the lowest possible price. C. A. Cooke rarsir MELICK IF YOU NEED A A Refrigerator and do not see un wo both logo monoy. WK HAVR UNUSUAL VAL UES TO OFFER IN THE BEST 1IOX ON THE MAR KET. MELICK EAT OfeafMsfe PURE LOLLYPOPS MEKT YOUR FRIENDS AT OUR Clean Soda Fountain at TUB APOTIIHCARY KIIOI' PHONE 114 Standard Pharmacy THEY WILL SEND IT. Spencer - Walker Co Where Every Mun Find* Wh? He Like* To Wear LET FRICK BE Y OV R TAILOR
The Daily Advance (Elizabeth City, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
May 28, 1924, edition 1
5
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