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The Library,
Chapel Hill
The news in this publica
tion is released for the press on
receipt.
the university of north CAROLINA
NEWS LETTER
Published weekly by the
University of North Ceuolina
for its Bureau of Ebctension.
SEPTEMBER 11,1918
CHAPEL HHI^ N. C.
VOL. IV, NO. 42
Editorial Board . E. C. Branson, J. Q. deB. Hamilton, L. B. Wilson, B. H. Thornton, G. M. MoKie.
Entered as second-class matter November 14,1914; at the Postofflce at Chapel Hill, N. C., under the act of August 24,1912.
POCKET-BOOK RELIGION
Some years ago a dear old minister
was examining a candidate for admis
sion into the church. The man-had
answered all the questions very satis
factorily to the minister and the dea-
ijons, but finally the preacher said:
Brother, there is just one more ques
tion. Has your pocketbook been con
verted? ^ If it has not, then I have not
much faith in the conversion of your
heart.
To every man professing to to be an
American, and loving’ liberty and
womanhood and childhood, comes the
question:
Has your pocketbook been converted
to the point that you will put your
money into Liberty Bonds, War
Stamps, the Red Cross and the army
Y. M. C. A. ?
If not, your patriotism, and your
love of womanhood and childhood have
not gone very deep.
Does Your Pocket Sing?
It is all very well to sing. My coun
try, ‘tis of thee, sweet land of libei-ty,
of thee I sing; but have you backed
your singing with dollars in Liberty
Bonds and War Stamps, Red Cross
and army Y. M. C. A. funds?
You fully intend to make contribu
tions to the current expenses of the'
church with which you are connected,'
to the Red Cross or to other charitable
organizations, or to missionary activi- j
ties. Perhaps you are thinking that |
as you have been financially blessed
during the year, and have accumulated
some money, you should contemplate
contributing some permanent endow
ment to religious or educational or
philanthorpic activities.
Your supreme opportunity is now
her-e. Buy Liberty Bonds, and War
Stamps for any or all of these pur
poses. Pay all your contributions to
such organizations in government
securities. They can use them without
difficulty. In this way you will have
helped the nation and civilization and
at the same time you will not be
lessening in any way your contribu
tions to religrious or philanthropic
■work. V
Indeed the very thought of doing
double duty may tempt you to do
larger things and to contribute more
than you otherwise would contribute in
cash.
Act now, tomorrow may be too late.
—Manufacturers’ Record.
THE MIDAS TOUCH
’It is man’s perdition tio be safe,’
and ft is his deepest and deadliest
perdition to profit by the perils of oth
ers. The accession to yealth brought
us by the great war has been too sud
den and too vast for any princip le of
moderation. A writer in the Bankers’
Magazine for December, 1916, review
ed simply and without arrogance the
impressive role which the United
States has for twp years played in the
industrial and financial history of the
world.
Our opportunism has lifted us to
.supreme heights of commercial and
fiscal triumph. Our aggregates of ex
ports have surpassed our wildest
dreams. The econoipic achievements
of our bankers and financiers in their
handling of large international credits
are none the less real and remarkable.
New York has become the world’s
money center. Everywhere prosperity
abounds, bewildering in its riiagnitude.
As a result of this unprecedented sit-
nation, controlled with unprecedented
skill, the number of super-taxable in-
comes in the United States was dou
bled in. twelve months and the number
■of citizens who modestly, and perhaps
rjluctaotly, confessed to incomes ex
ceeding a million of dollars came
to trebling in the same period, let
these returns, however staggering, in
adequately represent the swollen tide
■of wealth. , -„
Ours has been the Midas touch We
have coined gold as easily as did tne
long-eared king, and we may
.selves in time as uncomfortable as no
was.—Agnes Repplier, m the Atlantic
Monthly.
that three hundred and fifty thousand
non-residents assembled last winter to
teach the residents a needless lesson
in prodigality. It was what the pro
prietors of hotels and cafes strikingly
describe as a lush season, meaning a
time when spending money was the
foremost consideration of their guests.
A profound contempt for cost sway
ed the crowds which gathered day-
after day, and night after night, wher
ever wealth could be squandered. The
great jewelers smilingly confessed that
never before had they done such a
thriving business. Nothing they could
produce was too extravagant to find
a purchaser. The spectacle of well-
dressed hordes eating and drinking all
they could possibly hold, and far more
than nature ever meant them to hold,
became wearisomely familiar. Inter
esting stories went the roupd about
Western men who were so fortunate
as. to pay thirty dollars apiece for
theatre tickets, and about Western
women who, by dint of energy and
determination, succeeded in finding
twenty-five dollar bibs for their little
childi’en to wear.
Side by side with these exhilarating
anecdotes in the papers were brief
statistics which told us of Polish wom
en dying of stai-vation (their little
children starved long ago,) of typhus
fever ravaging the hunger-stricken
towns of Belgium, of Armenians de
vouring carrion as did the Jews in the
siege of Jenisalem. It is but a little
world to show such Sharply contrasted
pictures.—Agnes Repplier in the At
lantic Monthly. ■
WANTON, WICKED WASTE
It was a shock to our pride, no less
ban to our feelings, when the Hon
ohn Skelton Williams, Comptioller o
he Currency, told us in January, 191f,
hat our contributions to the wai-su
erers of Europe had in the two pre-
ious years amounted to only one
wentieth of one per cent of our earn-
igs. We did not give away our easi
er acquired money, we spent it—-spenr
c as lavishly as every avenue ot seii-
idulgence permitted. .
The spirit of waste, which ran riot.
ti all our big cities,, surpassed itseii
ti New York, wher^’i t was reckoned
UNCLE SAM’S RESOURCES
The ease with which the people of
the United States absorbed the Third
Liberty Loan dirgcts attention anew to
the great financial resources of this
country and the tremendous gains in
national wealth wh^h have been made
in the last fifteen or twenty years.
In the first Liberty Loan the call was
for two billion dollars and $3,034,000,-
000 was subscribed, the number of sub
scribers being more than 4,000,000.
Last fall the government asked for a
second loan of three billion dollars and
$4,817,532,300 was subscribed. Over
9,420,000 men, women and children are
estimated to have participated in the
second loan; There were seventeen mil
lion subscribers to the Third Liberty
Loan w'ith the likelihood that the total
subscription was in excess of four bil
lion dollars. And yet, as one observer
has put it, “the great reservoirs of ouj
wealth have not as yet been touched.”
This country was formerly a debtor
nation, but at the end of last December
the trade balance in our favor had at
tained to over eight billion dollars. A
booklet recently put out by the Guar
anty Trust Co., of New York, says:
“This nation possesses one-third of
the world’s stock of gold—over three
billion dollars. The national assets of
the United States equal the combined
wealth of Great Britain, Russia,
France and Italy. America today has
two and a quarter times as much
wealth as Great Britain; four times
as much as France and eight times as
much as Italy. We are the richest na
tion in all history.
“The European belligerents have ex
erted the greatest economic effort of
modem times, industries expanded to
meet the point beyond which many
thought it financially possible to go.
More and more we are realizing that
wars are fought with goods and ser
vices, and that governments, unless
they borrow abroad or permit their
capital to depreciate, cannot expend
more than their people save.
The excess production above con
sumption, including capital replace
ments, is all that can be used in fight
ing any war. The government secures
that right to this excess by means of
taxation, and loans, and other methods
which it may be necessary to employ.
We are infinitely more capable to
day of sustaining the financial burdens
of war than ever before in our history.
Our industries have expended to meet
the war needs. The wealth of Amer
ica has increased beyond all precedent
or parallel. In the last seven years
our national income has increased
almost 33 1-3 per cent; in the
last seventeen years it has increased
nearly 117 per cent.”—News and Ob
server.
A DECLARATION ^
I BELIEVE
in my beloved land America, and in
her providential mission to confer
the gift of freedom upon all the
world.
I CONFESS
myself a disciple of a courageous
Christianity, willing to express it-
-self as patriotic loyalty to the flag
whenever that flag moves forward
into perilous places in behalf of
freedom.
I ESPOUSE
peace as the ultimate law of God’s
Kingdom on earth, and if war is
necessary I tolerate it and wage it
only as the method, God’s grim and
bitter method for the education of
the morally backward members of
the human family whose hearts are
not yet ready for peace. If the way
to the Christ’s salvation lies only
through the shadow of the cross, I
am not surprised if God should lead
us to peace over the storm-swept
fields of war.
I AM READY
to make any sacrifice of time, abili
ty, money, loved ones or ..even life
itself if these are necessary to help
defend freedom’s flag and to help
guarantee the rights of freedom to
my own people and to all the peo
ple of the world.
I OFFER
my sincere support to the President
and Congress in all they may de
termine for us in these days of na
tional perpexity, believing that
whatever differences of opinion may
exist before our representatives
speak should be swallowed up in a
splendid tide of co-operating loyal
ty the instant that the authoritative
voice of the nation has uttered its
tommands.
I WOULD BE W'ORTHY
of the men in business, the profes
sions, factories and college halls
who have leaped to offer,themselves
to their country’s need, and whose
princely sacrifice shames any small
thinking or selfish living on the
part of any person for whom they
are ready to die.
I LIFT MY PRAYER
to the Father of all souls that He
will save his frail children’s hearts
from all hate, error, injustice and
cruelty, but also from cowardice
and gross self-seeking, leading us
whatever betide ot storm or calm,
by the patient figure of Jesus, the
Son of Man, who himself once
walked tempestuous seas, until fin
ally we shall come in God’s own
time to a haven of God’s own chO’OS-
ing.—Rev. Herbert Atchision Jump.
at 96 cents in the dollar, French 514’s
at 98 and United Kingdom 5’s at
99%, and Canada 5’s at over 96. Our
exports for two years at the present
rate would equal our national debt in
two years, and railroad earnings in
this country will pay 10 percent in
terest on that debt.—Lincoln County
News.
ENGLISH INCOME TAXES
In comparison with the tax levied
in England on incomes 'bur own in
come taxes are moderate, indeed.
In England the tax on incomes of
$1,000 is 4% per cent, in America
nothing.
In England the tax on incomes of
$1,500 is 6% per cent; in America
nothing for a married man or head of
families, and 2 per cent on $500 for
an unmarried man.
In England the tax on an income of
$2,000 is 7% per cent; in America
nothing for a married man or head of
a family, and 2 per cent on $1,000 for
unmarried men.
The English income tax rate also in
creases more rapidly witih the gro'wth
of the income than ours, a $3,000 in
come being taxed 14 per cent, $5,000
16 per cent, $10,000 20 per cent, and
$15,000 25 per cent, while our corre
sponding taxes for married men are
respectively two-thirds of 1 per cent,
1% per cent, 3% per cent and 5 per
cent, and only, slightly more for the
unmarried, due to the smaller amount
exempted, the rate being the same.—
Liberty Loan Bureau.
OUR NATIONAL WEALTH
War is an expensive thing, at least
some of the European nations are
finding it so. The United States is
the wealthiest nation in the world.
Its wealth is almost as great as that
of Great Britain, France Germany and
Autria-Hungary combined. Its totel
is over $250,000,000,000, while the
country next in order is Great Britain
with "about $90,000,000,000, or a little
more than a third as much as the Unit
ed States, says the News and Obser
ver. Germany has less than a third
the wealth of this country, but has
over two and a half times as much
national debt.
The national debt of the United
States is $12,000,000,000, or five per
cent of its wealth, while the debt of
Germany is 38 per cent of its wealth.
Austria-Hungary’s debt is $19,000,000,-
000 against wealth of $25,000,000,000,
or she owes more than three dollars
for every four dollars the nation has.
Germany , and Austria-Hungary togeth
er have wealth of about $100,000,000,-
000. The British, French, Italian and
American Allies have total wealth of
$430,000,000,000,000, or four times as
much.
The Allies owe one dollar for every
six they have. Germany and Austria
Hungary owe one dollar for every two
they have. Japan and the United
States each owe less than five per cent
of their wealth. Germany owes 39
per cent, FVance 35 per cent and Great
Britain 33 per cent. Austria owes 76
per cent.
On the same basis this country would
owe 190 billion dollars instead of twelve
billions. Now you can see how safe is
your Liberty Bond and your War Sav
ings Stamp.
The United States stands alone and
no other country is anywhere near in
second place. Our national banks
alone have deposits of enough money
to pay all the national debt and have
left enough to start business again
with over two and a quarter billions.
Another significant thing about the
wealth and debt of the nations is
shown in the price of their seturities
and money. The German mark five
years ago was worth in exchange on
the markets of the world about 24
cents. It is not worth anything no-w
in most exchanges. But in Holland it
is valued at the present quotations at
about 14% cents, or 60 per cept of its
On the other hand. United States
4% percent Liberty Bonds are quoted
NATIONAL DEBTS
The London Economist for February
places the total gross debt of Great
Britain at $27,636,000,000.
The French Minister of Finance in pre
senting the budget for 1918 estimated
the pv^lic debt of France on December
31, 1918 at $22,227,000,000.
The public debt of Italy at the end
of 1917 is estimated at about $6,676,-
000,000.
The debts of the Central powers are
estimated as follows; Germany,‘$26,-
408,000,000; Austria, $13',314,000,000;
and Hungary, $5,704,0o0,000.
Our own public debt is no„w around
$8,000,000,000, but more than half of
this amount has been loaned to our
Allies and will be repaid us. It is esti
mated that of the total net expendi
tures of the United States for the fis
cal year of 1918, exclusive of our ad
vances to our Allies, more than one-
half will be defrayed by taxation.
AN APPEAL TO WOMEN
Four hundred and sixty young wom
en of North Carolina are asked to be
come student nurses. They are offered
a great opportunity to perform patrio
tic duty. We do not believe there will
be any**difficulty in the State’s meet
ing its quota.
The appeal from the nation to the
young women of the nation—-twenty-
five thousand are wanted in the coun
try at large—is a powei'ful one. It
is v-oiced among others by Surgeon
General Gorgas of the United States
Army in one of the most earnest utter
ances that the urgent necessities of
the war have produced. Here is just
a part of the message of this great
physician, world-famous because of his
great ability and his devotion to duty
to the women of the country between
the ages of 19 and 35:
If I were a young woman and want
ed to do my Country the greatest ser
vice in my power, I should go at once
to the nearest recruiting station of the
Woman’s Committee of the Council of
National Defense and enroll in the
United States Student Nurse Reserve.
This enrollment would at once n.ake
me a candidate for the Army Nursing
School or for one of the civilian train
ing schools for nurses. I Cannot con
ceive of a more valuable service, a
more womanly service. I can give
every girl who enrolls in the reseiwe
my personal assurance that she is
making herself count, and I should be
ashamed of any woman who did not
long with all her heart and soul to
make herself count in the defeat of
Germany.
These are ringing words. We have
no fear that they will not bring a quick
response from the women of North
Carolina.—News and Observer.
nizes no other power in the world but
force.
The German does not try to conquez'
the soul, the fact that he has conquer
ed the country is sufficient for him. He
who does not like it must emigrate,
and he who does not wish to emigrate
must like it.
We are being called upon to praise
the Gei’man God, who will lead us vic
toriously across the world, for he has
no better use for the garden of crea
tion than to make us kindle our camp
fires in it. A disgusting villainy and
trickery lies in this governmental
piety. It wants nothing less than thq
sanctification of falsehood, the wor
ship of brutality, the divinization of
Wilhelm II.—Dr. Wilhelm Muehlon,
formerly a director of the Krupp
Works in Germany, now in exile in
Switzerland.
GERMAN SWELL-HEAD
The German people is always right,
because it is the German people.—
Tannenberg.
We must vanquish, because the
downfall of Germanism would mean
the downfall of humanity.—Konig.
(?ermany is precisely—who would
venture to deny it?—the representa
tive of the highest morality, of the
purest humanity, of the most chasten
ed Christianity.—Fi-ancke.
If we ai’e beaten—which God and
our strong arm forbid—the higher
Kultur of our hemisphere, which it
was our mission to guard, sinks with
us into the grave.—Hornack.
Our belief is that the salvation of
the whole Kultur of Eui’ope depends
upon the victory which German Mili
tarism is about to achieve.—Manifesto
signed by 352 High school professors
and lecturers.
We mtist win, because if we wez’e de
feated no one in the whole world could
any longer cherish any remnant of be
lief in truth and right, in the Good, or
indeed in any higher Power which
wisely and justly guides the destinies
of humanity—Helm.
Germany is the future of humanity.
If God is for us, who can be against
us ? It is enough for us to be a part
of God. The German soul is the
world’s soul. God and Germany belong
to one another. Gennany is the center
of God’s j)lan for the world.—Leh
mann.
The whole of European Kultur is
brought to a focus on this German
soil and in the hearts of the German
people. It would be foolish to expi’ess
oneself on this point with modesty and
reserve. We Germans represent the
latest achievements of European Kul
tur.—Lasson.
—W. S. Sadler, in Longheads and
Roundheads, A. C. McClurg and Co.
THE PRUSSIAN BULLY
Prussia will rob anything, every
thing she can, in order to keep it. She
will only give that for which she cares
nothing, and then only at the expense
of the other fellow.. She will never
take her foot off the neck of the con
quered or the attacked. She will force
every nation to venerate her barbar
ity. She believes only in the strong
fist at home and abroad. She recog
THE PROFITEER
The world has always held the de
serter in disrepute. The man who
i-uns away from military duty when
his country needs him is ever marked.
But, what about the inan who duiing
war times takes advantages in trade
and makes unreasonable profit? We
let Judge Clark, of the Statesville
Landmark take the floor. Judge Clark
says:
The man who J;akes advantage of the
abnonnal conditions of war time to
exact unreasonable and unjust profits
for the necessities of life, may be a
“respected citizen” of the community;
he may occupy the chief seats in the
synagogue and may make long pray-
ei’s; but the man who runs away fi-om
military sei’vice, or the highwayman
who robs at the point of a gun, are
patriots, gentlemen and Christians
compared with the hypocrites who rob
under the guise of legitimate business.
These facts should be kept in iftind in
these days when the temptation to
profiteer is strong; and those who en
gage in it should have a mark put on
them that will brand them for all time.
—Moni-oe Enquirer.
FROM THIS TIME ON
The Saturday Evening Post does not
have much patience with disloyalty,
and it uses the following strong lan
guage; “From this time on there can
be only three classes in the United
States—Americans, pro-Germans and
yellow dogs. Many people would lump
the two last, but wrongly, because in
th« third group there are many who,
once awakened to a class consciousness
of their yellow-dogginess, may be
saved.
We refer, of course, to the men who
are seeking party or partisan advan
tage in this crisis; to the red-tapers
and incompetents who are obstructing
and muddling everything they touch;
to the grandstanders and limeUghtei’s
who see nothing but an opportunity for
personal advertising and aggrandize
ment in this national peril; and to the
profiteers, to whom all dollars look
alike, even those that are blood-stain
ed.”—Marshville Home.