THE ADVANCE
I'FEI.E * PEEI.E. Publisher*
MERBfRT PCCLC. C?4t?r.
Mfmhfr of The .\**ocli?te?I
Tkt AnMitltd Pr*?* U *xclu?i.?iy rMitlrf t? lit* um
fmr r?- pufclleati?n ?f nrwi dlivatchri <r?d>t?d In tMt
Ml ' and alto !? tHa Itcal i???i ttifeliiftrtf t?>?r?ln.
Enttrrd at ttia toat?<nr* at Clxabttfi Cit?. N. C..
M Mtc>< clati matter.
Subscription Hates Ity Currier.
0". W??k 19 C#ntl
On* Manth <1* a( a*'?l 42 Cmt?
Tw*tv? (la ad?anct) J. 14.00
Th'M Month* (In atvanrt) _ fl.70
?Jx Monthi (III advancO %2.2*
Ht M?H.
I?M Ona. 12 . H-00
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?y Mall CltawHar* UN
MONDAY. JI'LY 14. 1 f* 2 4 .
jABEMAJCTI^
?'What'* more I'liiliiirni^lir flmii
wiilkiii' Hear a<- !-??** a lioti-l offiir,
an* then nii<**fn' ih' c-u*|?hl<?r?" said
Ijtfr I tu. I i May. It's Ji*h| about k<><
m? ill' |iri?<* o* lllxity Is a flaw an*
jail m'iiIciici1? uiilos you kin |?roi<?
>??(! tH>U|(||| |( iM'foff III' Mll<M)IIS
wrn| ? nntv
Since this was the most ex
pensive Democratic Convention
on record, here's hoping that
events will prove it to have been
worth the price.
The newspaper boys, it seems,
were a bit over-hasty in their
judgment of McAdoo. He cam
through as his friends were con
fident all along ho would do.
The Advance is glad to pre
sent in this issue the case for
State owned ships and by F.. F.
Glenn of the United States
Army. Ilis article deserves
careful and thoughtful reading.
Whether readers of The Ad
vance agree with Bob Griggs or
not in every issue that he raises '
in his article in Monday's issue, |
Elizabeth City interests would j
do well particularly to heed his
plea for better transportation.
It would be a blow to this city
indeed should Currituck pota
toes cease to move to market
through Elizabeth City.
An opinio;) from David Law
rence that the Democrats have
a chance to elect a President in
November is an unbiased opin
ion. Readers of this newspaper
will do well to compare his ta
ble of states that are possibly
Democratic with November elec
tion results. All predictions
are upset now and then, but Mr.
Lawrence's sense of the politi
cal trend of opinion in this
country is positively uncanny. .
The present program is for
the first issue to come off the
new press on Thursday. The
change in the size of the page
and adapting ourselves to new
press involves so many adjust
ments that we are making no
promises about the sort of news
paper we are goin* to put out
when we first get going: but
eventually we purpose to make
the change mean a bigger and
better Daily Advance.
When the new press gets go
ing we will part from our
Miehle with a feeling that we
are giving up an old friend. It
was with the Miehle, purchased
in 1919, thai The Advance has
built up its reputation for giv
ing its subscribers a paper
clearly and legibly printed six
days in the week. It will be
To Service?
The Albemarle Pharmacy
? adds Quality
Everyman's Investments
THIRTY-SIXTH AltTIPI.E.
"Safely" a Kelalive Term.
Th#- qiu-Mtion I
a in constantly
?ink* *1 it limit k|??'
cilic invi-HtiiK-nts
is wh?thor ( li?
Moc k or bond
UII<]t CMUKjUwa
lion i.? safe. Tin
inquirer is al
most sure to say
that lie wanu
the hluhfst pOH
*lble return on
his money but
that t h ?> first
OEOROC T HUC.Hm
I consideration must He safety. Now
,11 is very hard to know what to say
to such would-be Investors for "safe
ty" is a relative t?rm.
There Is no such thins a* abso
lute safety of investment unless it
be in a I'nited States tVovernment
bond. That comes about as near br
im: absolutely safe as any securit>
can be. After that investments
urad?- all the way down until they
cross the line which separates th?*iu
from speculations and even that I i n?
is indefinite. Various investment
authorities have, ratlnu systems
whereby they grade securities ac
?'oi'diiju lo i heir particular notion of
their ti lative safety. No two author
ities a v p-+- ? m ? h44 ? r"i'p"Ct-*- to th"S"
rat iiiLs.
Seen lit i-'s with nti aciive market
Mtav Im rouuhly classilied according
to the p turn they promise on ih?
money invested. In a general way
i lie hitle r the return th" vi? aier
i.he risk although to thb rule tlo jv
.More important still tlii* question
J ? ?f relative safety is never pernia
Inently settled. These same rat in'.:
| experts continually revise their esti
mates. A bond they urade "A" may
he reduced to "It" six mouths lience
or visa versa. l'? rhaps the point can
best be illustrated by takinc two
stocks, one the New Haven and the
other I'nited ? States Steel. Twenty
years airo the New Haviji soM
arohnd $200 a share "and was con
sidered a conservative invest meat
while I'nited States Steel was selling
under $10 a share and considered
highly speculative and at that time
I both those estimates were correct.
Today the situation is reversed,
i The moral to all this is that every
(investment list ouuht to he periodi
cally revised, certainly once a year
and preferably once every six
months. It is not necessary to makei
constant changes in your Invest
ments. It is necessary to take stock
from time to time and consider J
whether chanues in fundamental con- >
ditions may not have made advisable J
the sale of some securities and the'
purchase of others. Obviously thls|
review can he undertaken only by!
some on^ well qualified for that pur- 1
pose. That i< the business of an in- j
I
more difficult to maintain that 1
reputation with a faster press,,
but we will not l>e satisfied with
anything short of our present]
standard in this respect.
The Advance is happy to see
the spirit shown by the Fore
man-Derrickson Veneer Com
pany in offering potato growers
the use of its warehouses for
storage purposes in case anyj
growers want to take a chance,
on the market's improving. We
note, however, that where pota-,
to growers market their pota- ;
toes through a co-operative
marketing association, they al
most invariably own co-opera
tive storage warehouses.
I vestment hankt-r and ordinarily ho
-should be the one lo consult hut as
Iihn been said previously in these ar
ticles you should usr the same care
in til-* selection of your investment
adviser as you do in pick ins your
lawyer or your doctor. Take advice
, "nly from thos< fitted by trainir?
"nd ? ?'<ip"i-ienct. ttnd *4t-h-4ong rec
ords for conservatism.
TH I HTY -SEVENTH A RTICLE
How to
"Hv habit most of us ar<* sales
men. making a living by selling our
services, skill, knowledge, time or
some form o^ property. Few are
buyers, by h^i or training. Often
we don't we make pur
chases ? There's a dif
ference be^NHQ^nng and being
sold to."
This observation came from an In
vestment* banker during a casual
Pullman car chat. Sensing that his
idea related to the buying of invest
ment securities. I urued him on and
got the following: ?
'Tour things the investor ought to
get wh? n he buys a security. They
are the Security itself. Investment
.??milysis. investor analysis and buy
ing help. |tv buy in- help 1 m?an
4he S"IVM'e of a qualified Jnvestmen*
dealer who will help the investor
buy ratio r than try t?? sell to him."
There's a great deal of common
s'-nse in the foreuoing. I have sev
eral times in tiiis series emphasized
the importance of takinu plenty # of
time in make investments. Investi
gate as far as you can. If the in
vejstor 1ms time and experience lie
can himself analyze the securities li<
contemplates purchasing. If lie can
not take the time or lacks experi
ence. lie should s*#k expert advice. I
Here are some of the principal ? !? -
nients investment analysis:
Say we are considering a corpora
tion bond ? what is its record in
earning and management over a pe
riod of years? What is the nature
of the business, its past and future?
"Hmc"~iK-rrmipptiHott in- tha4 -line -of
bu.sinusa? lias the enterprise suffi
cient propel ty to secure a loan? Is
it conservatively appraised? Is the
company earning a fair return on
the money invested? Who are the
men in its management? Are they
capable and honest: likely t remain
in charge? A successful one-man
company, in which the one man is
about through, is not so good an In
vestment as a going organization |
MOVING PICTURE FUNNIES |
Cut out tne picture on all four
sldeB. Then fold carefully dotted
line 1 its entt.e length. Then dot
ted line 2, and so on. Fold each
section underneath. When com
pleted turn orer and you'll find a
surprising result. Sare the picture*.
EVERETT TRUE
BY CONDO
JOLTS MCYORMAN.
Today Everett True put a den"fc
in a motorman's cap. He said he
was tired of bein? jerked apart and
bumped together every time the car
was stopped and started.
he also said "some motormen
seem to th'inK ?? -street car is a
cock-ta.il# shaker!" Of course it
actually is in some cases.
jwith a n amber of capable men in
charge and with younger men in
training.
What is the company's financial
structure; that is. the proportion of
common and preferred stocks. d?
bentures. bonds, notes. etc.? Dozens
of pertinent questions can be ask*d
on the various items of the com
pany's financial statements. For ex
ample. what is the character of th?
inventories over a period of years?
Are tin* bills receivable, that is. are
accounts owing to the company.',
gaud. or ?bmilH a parr nf |||Ol? haYP'
I been cahrned off as worthless? What
are good will, patents, trade marks
and trade names worth? Some cor- ?
porations carry such intangible, al
though undoubtedly great, values, at
$1.00 or zero. Are the maintenance
charges excessive? Is depreciation
properly taken care- of? What about
the sinking fund. If any? Is t h ?? '
trust Indenture, or mortgage, prop
erly down to safeguard the investor
properly?
The foregoing are only a few of
the many questions a conscientious,
investment banker asks before he
buys an issue to sell to his custom- !
ers. Frequently it requires months
to answer them. That Is what is |
meant bv investment analysis rod .
the Investor. ? although he has not I
? the time or the experhwiceJo. make
isuch an analysis, nevpr-tJie-ie'ss can'
I linve all Its benefits by selecting th?
(right kind of investment bankers. j
(Mr. Hittrlies*"next_"art1c,le \vill.aj>-.
pear In an early Issue of The Ad
i vance > .
MASONS HOLD PICNIC
BENEFIT ORPHANAGE
Winston. July 14. ? The Masons of
Bertie. Hertford. Northampton. Cho
wan. Gates. Perquimans and Wash
ington counties have an annual pic
nic to cultivate social and fraterna'
Rood feeling among themselves ani
their fri-nds sind to raNe funds for
support of Oxford Orphanage. Tni.s
years it will be at Colerain, Thurs
day. July ,i|. Congressman John H.
Kerr will deliver an address. Tfier
"be" tnuny amtxsemfnts~hrrttTding
a seaplane. Various refreshment
will be sold for the benefit of the
Orphan fund. Two uaine* of bas?
I'KOHI.KMS OF COXDt'CT
By l*rofeMM>r I)lck Calkins
What's Wrong Hen- ?
Stuily ?!??? plot ure before you read
I Ik* answer
Answer-*-. A . lady weighing ?v-er
two hull J red pnnnds'Vhn appears in
a one piece suit does not show very
linod form. .... _________
ball will be pl?yed.~ one in the morn
t Ing and on** In the afternoon.
Dr. and Mrs. Howard J. Com lis
> announce the birth of a d.iUKhter
ivy Joel, on Friday. July 11 .it tiiet*
home on West Main street.
< ARI? OK THANKS
We wish to thank our manv
. friends both white and colored wiiu
I stood so nobly bv us iluting our
rlear sun's. ( Jani"? W. \r Murreu
I Ulnuss anil iltutli. lui* the cars loaneu
| and the beautiful floral offeritic*.
The Family
L ?e M cCALL
Printed Pattern*
far Hame-Seteing
and see our large assort
ment of beautiful wash
fabrics for your summer ?
"Frocks. Materials of silk,
of cotton and of silk and
cotton in a beautiful range .
of patterns and colorinKS.
The Xew Fell
MeColl Quo rtfrliin 'vp
Sow on Hole
Rucker & Sheely Co.
Klhahcth City's first Store. |
M\!KI{ M \DNKSS
If / ? //^L , ,
Siiw K
5 tr~V (; ! ^ V^W / ( - \V , v V-"?
iQj ? " u i> !
C-C-C'MON in )
rt' w-vj-vm'ec'5 w-vuwjm H ; "?
AS ANY MING f ?
! 5R-B I
Irzii* ^ -v^- J,
,;- :,-. ~ :=. ' ==^?^ ,
Uiiniiii ~
f NOW HEN MY VOUMJ
I man- You 6eT " ose
i TE& WASHED BEFOCe
You Go To Bep
a? Gee wwz ma -"
ain'Tcha ooTKkY MoT
WfTerj? 6?E whiz- r?
VOH WANr ME "tOT^EEIE '|
T'P5A'H?-Gee whit/
ADVANCE CLASSIFIED ADS
DAILY ADVANCE
CLASSIFIED RAILS |
This size typo (8 point). on*
<*nt e word eact Idmiuou,
minimum 25 cent*1, ms t'me;
75 cert* week; 15 words.
Standing ads, flrt* c^uta *
wa*d per week. Twenty cents
per month ? In advance.
White iptet ub4 para
graphed ads, 60 cent* an ineh.
Copy muat be Jq eke aSrioa
by B p. m. day oafoiv lnaar
tion.
Wanted
WAN'TKD? MAN TO OOLLKCT
and ?ell life Insurance. Good aalary
to a real Insurance man. Size of
debit about $154.00. C. E. Over
man, Box 223. Julyta-lR-np
AN YON K INTKKK8TKD IN JUII AM
X. reducing Girdles call Mr?. E. V.
Albertnon nt E. J. Colioon & Co.
Phone 535. July ll-17n|..
Lost and Found
I
! I-OST ? ONK PAIR SHKL1, HIM
'Nose Glasses In J. W. Selig 6M6. J. j
M. Martin. 8-14pd|
I
I/4MT ? HMAI.I, KHHALK WHITE
setter Sunday with black head. Kn-I
graved on collar is Dr. Ckorgc C. j
Rhodes. U. S. S. Langley. liberal!
RewaH) If returned to W. M. liuxter, I
506 Churo^i street. Ju 14,15,16npti. ,
MWT ? FLARHIiKiHT. ? IN(?Kfl
long. I<arge top. Saturday noon
In or near Post Office. Reward. C. ;
P. Brown. National Bank Building, i
July 14,15 pd. I
Supply And Demand
You cnn't supply your own wants to the best advantage,
or fill the demands of the people of Elizabeth City, unless you
keep in daily touch with the classified advertising section of
The Daily Advance.
The surest indicator of th*> changes In the stream of sup
ply and demund In hundreds of the needs of everyday life ?
from real estate to Angora cats ? is In the classified columns.
You don't know how many houses or rooms there are to_
rent, how many used cars or typewriters for sale, how " many
opportunities ana situations open, until ? you read through
the ads In The Dally Advance classified section today.
There may be dozens of people here In Elizabeth City who
will be Interested in buying something you want to sell or In
some service you can perform for them ? but you won't know
who they are until you use an ad and find out.
Call 357 and ask for an ad-taker!
Miscellaneous
bi t stocks, and bonds prom
] ua on Weekly and Monthly payment*
The Industrial Bank. tf np
BREAKFAST, S.V; DINNERS AND
' Suppers 50c each. Meals served at
all hour*. Dlnty Moore's under Elk*
Cluh. Thos. King, prop. may21-tfnp
j NOTICE ? MT<?*lltll,K HKKVIcn
at Nags Head. Meets all boats, gives
quirk transportation to and from
the beach. Splendid rates to parties
visiting Fresh pond's for fishing An
fX>R SAI,R ? NEW SEVEN ROOM
dwelling corner Maple and Elm
streets. Can offer an extra bargain
In this property. Several other
homes for sale at fow figure, ta
cant lota and farm land. Stand
ready to trade property when your* 1
For Sale
?nSiL,U?,/0U- W' E 20.1
Hlnton Bldg. july ii_i4ni.
, , SA ? ' AT'MCtE IN GOOD
condition. Can be seen at 317 West
Main street. July9-15pd
FOR KAIJO ? SIX TKR WW
r? n I estate mort^aRo bonds for
safe Investments. Industrial Bank.
FOR HALE ? A HORSE POWER MO
tor General electric, second hand,
now In operation. Delivery can be
mad* some time In the next 30 days.
The Advance. tf
FOR HALE ? TK\ MIAUE8 CAItO.
Una Hanking & Tru-t Company
stoek at !> 5. Address box 176.
snar.l2-tf
Opportunities
J.AIHRN work AT HOMB?
ant. eaay sewing on your machine.
Whole or part time. Hlgiiert poatl
paid For ('ill Information
Jonea, Box 2, Olni y 111.