Newspapers / The Daily Advance (Elizabeth … / Nov. 4, 1925, edition 1 / Page 7
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Government Not a Loan Agency, Officials Want Whole World To Know Official \\ a>liiii^hiii \n\ioii-* Thai It Im* linln-tood Political I)i-?a|?|>to\ ;il of a Loan iji^lorripn < 01111 tries Dors !Nt?l Nrn-^aril) lliivr Any Sound Kroiiotnical Ha-is II) IKWIli I, WVUIIM K ll?r)rt|tl. HJV lb T-1? A4UD">) Washington, Nov. 4. I HI l.v one billion dollars in for eign loans having l>een publicly offered to tho people of Up United Stales since January 1 of this year and having beer placed before the American < Jove^nmcnt for the customar> inquiry as to whether any political objection would In lodged against them, the interesting fact has developed that officials here are sensitive lest the public gi t tin- impression the Government is actually acting as a soil of loan agency President Coolidgo has (lis-* cussed the matter with his ' Cabinet on several (Kt;isionr and, while the letters written to bankers in response to their applications for consid eration of loans are cautious ly phrased, nevertheless it is felt that even more explicit infortriation as to the Govern ment attitude should be dis 'N closed. No foreign hsivi s***t n:a II \ been approved. Tli?* (Snvi'i'iitiiiiii assumes no i^RiiflimlMlllv whnir.o over and offers no advice 1? tie ^ American Investor. All limns are taken up by Aiuei Iran bankers and Investors with the name rlskr. that attend domestic loans or Hit - uncial projects. There is no guar antee of any sort from the liov ernment thai cither principal or Interest will he paid. In other words. Covcnum-nt ??f flcials draw n distinction between what they call "economic" and "political" objections to foreign loans. hi the use of the word "political" thev have In mind tin broad sense of public policy as for Instance in the atopplti;: of loans to countries which have nn? yet settled their war debts |o America. A loan for French titles mluht be a sound economic proposition but the objection of the American tiovernmmt would ? make it difficult for a hanking house to mali" a lloialloti as Am erican Investors mi^ht be bd to Infer that the objections were partly political but basically eco nomic. As for the lo;fp:i that ha*e been v made thus far thin year, in fart ever since the llardinn-lluuhcM administration asked tin Interna tional bankers in New York and elsewhere to submit their propo sitions to the State Department, th? procedure has been u very tho rough one. When u letter is iv , celved from a banker it Is made, the subject of scrutiny not. only by the Depart no'iit of Slate but by the Treasury Department and the Department of Conimcrre. Messrs. KelloKK. Mellon and Hoover, and. In the last analysis, ('resident CoolidKe, actually say whether loans shall be permitted lo pafc-i as "without objection. " r* While there I*. no legal power over American bankers to com|*?l them to obey tin wish ol The <lov l.AMKS anil CIIII.DKKN'S KNIT UNDKItWKAK A complete line of Union Suits, two piece Suits of cotton, cotto't and wool mixed and wool. Kuckcr K Slicelv (41. Elizabeth City'* llrsl Store RESH RAGRANT LOWER" For every occasion "Flan Vour Order Direct. '? Ryan Floral Co., Inc 1 South Rn?(l St. rboiw Ma Hough and Drrpurd LUMBER SASH AND QDOKS Juniper Boat Board* Fence I'orIb Juniper and Bed (>dar SHINGLES Chesson Mfg. Co., Inc. rhono HI 5. North Itoiul HI. BlMbeth City. N. a r ii . it is uii t !??? oth? r ham! tnii- that il auythiin: j;n?-s wroni; witli a |or.cr:n loan in tin- future tiic \im ilntus naturally t;o to I'm Department of Stan- fur r<'ilns? throui:u diplomatic rlianm-ls, Th? Department it not obligated In support an A iiK'i'icaii claim uiiI?kh it i? . Is that lh?* claim is jur.l, II* n ci? any lonifcti loan which was ?>i initially made over I In? prou-al of tin- Department of Slat'' would l?avc I il 1 1?* cliancc of diplomatic SlIpp U t. I .'toil I IIITS 4 II INKS K ?-OKI?S M\ltl(Y UITIIOIT OKW I ini", Nov. 1. Mania^<H be twi-vii coed* of tli<- various pov* < riini- .it ciiIIcuok sunt nulversltlrM Without I If CllllSi'llI o| |iai'C||lH han I i- it prohibit! <1. Coventor l3?-n? ral l.k C'hiriK-lin. of tVnlili province, assorted Dial lit*' social custom of ih? West lias prnH rated China lo such an ex ten that many vming men and woiiu-n contract marrlaK'' without pim-ntal approval. Ah the p-n oral \ ii'Wi'd free marriaKca-as dot i i in ? -it 1 it I to tlii- ancicnt doctrines, all |?rof?-HKiir:i ami KtudontH will lo* ili.smiH!)! .1 ami puninhed without ni'-rcy II they pe|-Ki*t in the prac tice. Work Clo thes H tit Men and Boys * A I I.OWKK IMtlCKS. \\V Si'll for CASH ami we M'll for LESS The HUB SKI.1.S IT I'OIS I.KMM Next (loor lo I lie Ex|ir?w < KITCHEN STOVES AND HEATERS When Wlhtcr rome*. What Hirer and comfort then* will In* In the home of the wine niHti who Ii?n prepared for tho rold day* with one of the I?Ik klt(h( n ranicea or Ixntefl. Tho houio' will he warm on the aerereat daya. for th??:f atovea are ftefleroua with their heat. althoiiKh they an- \?ry economical ?n tin coal or wood they uae. Ilr fore You IM Y A STOVK Come In Ami SKK OI K I, INK Quinn Furniture OU) TYPE ll( (IK IKS TREK SOI TltWARD 'Hm'v'it \oi Yet fcntiivly Su|?> , planted b\ Kliwrr Tmiiip, Kltlici Al lanla, <?a.. Nov. 1 - Tin* old lvpe lioho may lie motoi i/.InK him self into a "llivver b??. !>? J I indica tions in (lie South* .?sl arc that lli?* \ ? I ? i;i 11 rail hi ril i - >? t extant; and. al this time has commenced his seasonal |H-r?-ut itiali'MiH ^OUtll Wald. Already tip' ureal tattered van uuard i> oil its wa> Tin* mode of 1 1 aiiK|Ki: tat ion is som> what varied Mum*' rlin^iiiK >'? merit* of the iimIs si in) tiliiuls o| tin' fast. lim ited. while thi- majority content themselves with tin- o!i| "Hide-door I'ullfhan" Iji'tUt Known as the box car. From way station* near and far cnnte i.-|M>rtK ol a heavy south ward triad of tramps; and from all dir- ctions. This year seems to find an unusual proport ion of tin-in with the Florida fever. SiaitiiiK in August from the far Northwest, for Instance. Win ry Willie soon attaches a hoon hilddy, and before the change ih made in Chicago there is a elan of several score in a sin box par. It y the lime the itin erants reach the* lar south they have become almost a h'Kiou. Vicissitudes may intervene, however, In which ivetitunllty the small towns is fared with the problem of housing a number ex cessively beyond tin- foresight of the planners ol its ralahoo.se or little jail. In this case the 1111 welcoine are usually escort cd to the town's limits and thus put to lh>' irksome trouble of hopplnt; the liext freight. Itfthu of a heterogenous nature and type. the object of these pe rennial miuratories Is widely dis similar. There Is the "had ear." type, us he is referred to bv his fellow travelers. This 'type "hips cats" and has police records; many are wanted by the author itles and not infrequently are de tained en route, . mostly without gunplay; for it H a curious ex-, periencc that the "hard ku.v*< who Gilt IJS' AND MISSUS* COATS $3.15 l<> $25.00 Swriilors fur little tot* ? Itoy*' anil (iirls" ? ?1.19 to $5.95 Jack and Jill Shn|>|?< Second Flour T. T. TURNKII X CO. Mrn's - Hoys'* - (Hrlx II car will scold a uniform on the East Side in New York usually forgets h<* has a lii|> iwwkM when yunk?-d from l hi* rods by a lanky "hick" chief of In Tanktown. Nortn Carolina. Th?-n th*?re In the contrast ? the' youn?:*t?-r makinu his first trip and Just b?i:iiiuinK to dolefully' doubt will ever break the en-( vIouk r? cord of tli?' famous "A No, I. Th? n- is the card and lMiol 1 shark, wtfh or without his "roll"! M?'cr*'i?-d in his underclothes. Also tm- l>o who's K')inK t?i make Uis| klllinu hriiiKinu it ov? r from l)**r-| muda. Then* Is the other type! who will confine his alcoholic en deavor* to personal c?*. isumptiou. Others will work the old con [ same. But the uiOHt ha rui It- ks and tru-| ?*Ht to the old-type np<'cK-i* la the j cfnuuio vagabond, who only an- 1 awers ihe rail or thf? wanderlust. In many cases the plain homo-*" town boy who Is. out to see what he can see. X KW VVKI.LS STXItTKI) San FranclMo, Nov. 4. ? Cali-i fornia oil field activities up to, October I of this year wrrr prac- j tic-ally on n par with those last year, 1,131 new wells having1 been started n* compared with j 1.172 up to the same date i:i : 1924. "His Check Was Drawn on the ? " Yoii iMwr can ti-ll wlii re your buslnoK.i anil financial posi tion may In* discns.-o d nor what pi-rson important to you uiay hear the discussion. Hut you (.in know that when your nanio in connected with lli? name of (his Institution you arc i ?>? good company. Your cheek drawn on this hank In a business asset to you. Today i luir.c ton soon to assure favorable continent on your linancial tr.in: .actions through a hank account with this insti tution. ^ First & Citizens National Bank KM7..%IIRTII < ITY, X. ('. Two Kin<k of Interest ? Personal and tr'o Rich Currituck Farm For Sale THE J. J. FEREBEE FARM ON THE STATE HIGHWAY AT SHAWBORO This farm is in a high state of cultiva tion with 22(i acres of cleared land and 30 acres of woodland. A half mile of this farm fronts on the State Highway running from Elizabeth City to Norfolk. ? There is one set of goodJniildings on the property and a side track from the Nor folk Southern railroad runs to the out buildings. This property can be bought on easy terms and at a very reasonable price. Gallop & PHONE 635 THE DAILY ADVANCE . ENTRY COUPON GOOD FOR 5.000 VOTES I ruler (ii!\>rll ) ^ Address Sen! in by Address v Only our coii|>oii will eoimt for ."kO(N) free votes for llic same person, xou ean entrr your ohii name or I lie name of a friend. Enter Now! This coupon above if (iiietl ou( and sent in to Cam paign Manager, The Daiiy Advance, will enter you as a contestant for a share of more than $3,000 in prizes and commissions tha( this newspaper will award on No vember 28. A Hudson Coach ( 1,325), lord Coupe, Ford Touring Car, $250 suite of Furniture. $175 suite of Furniture and $100 and $>() in <;<sh complete the list of seven prizes. All not earning a prize will be given a 20 per cent cash commission o n all subscription money turned in. Prizes will be awarded al lite close to those who secure the most votes through the paid in advance subscriptions to The Advance. Ivich subscription for six months or more will count a certain n u m b e r of votes. Many have alreadj entered but the list as yet has produced no outstanding leader. Perhaps you are that leader ? perhaps one of these three automobiles are being reserved for you. Enter your name today and receive further particulars by return mail. Commissions To All Second Prize ? Ford Coupe $580.70 DeljWrefl ? From Ar.io & Gas Hngine \)orks, Inc. Fourth Prize ? $250 Suite of Furniture f From Quinn Furniture Company
The Daily Advance (Elizabeth City, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Nov. 4, 1925, edition 1
7
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