Newspapers / The University of North … / April 23, 1919, edition 1 / Page 1
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The news in this publica tion is released (or the press on receipt. the university of north CAROLINA NEWS LETTER Published weekly by the University of North Carolina (or its Bureau of Extension. APRIL 23,1919 CHAPEL HHX, N. C. VOL. V, NO. 22 Bdiiorial Board t E. C. Branson, J. G, deK. Hamilton, L, R. Wilson, D. D. Carroll, G. M. McKie Entered as second-class matter November 14,1914, at the Postolfloe at Chapel Hill, N, C., under the act of August 24,1912. NOW FOR THE VICTORY LOAN SIDE-STEPPING THE SHERIFF I’m going to put into Victory Loan cer tificates every dollar I can rake and scrape together, said a stranger on the train the other day. Why? we asked; because it is always interesting to know how men’s minds work on big propositions. Well, said he, they are tax-free and that by itself makes them worth a full three percent to me. My taxes last year all put together were exactly three per cent of the property I had on the tax books, I’ll get at least four percent on these certificates and I’ll save three per cent in taxes. That makes a clear 7 per cent, and I’m not getting much more than a clear 5 percent on anything I’ve got invested now. I’ll be two percent ahead of the game. See? Besides—he went on to say—this new tax law in North Carolina is going to put my property on the tax books at its full value, and I don’t want to tell any lies about it like I’ve been doing all my life. Not much sentiment in this fore-handed chap, but plenty of shrewd business sense. He represents just about one-tenth of the people of every community the world around—as we seem to have learned in fairly definite way of late years. The other nine-tenths of us are produ cers and spenders or wasters of what we produce day by day down to the last penny—or worse. We are patriotic enough but our minds are war-weary and both sense and sentiment in us are collapsed these days like a child’s toy balloon, or apparently so. We are even silly enough to think that the costs of war stopped when the armistice was signed. And so on and on. Our prediction is that the Victory Loan will be taken in the main by the rich and well-to-do, as a shrewd business prop osition. The success of the Victory Loan depends, we fear, on the hard horse-sense of a very small group in every community. People who are laying up treasure on earth beyond the reach of tax gatherers will see the point; no doubt about that. They can own Liberty Bonds, War Stamps, and Victory Certificates free of all taxes up to 1180,000 each. The chances are they will never have such another chance in all their lives to side-step the sheriff. WE ARE ABLE TO DO IT Ourshare of the Victory Loan in North Carolina will be around 40 million dollars. This loan will be in four-year, tax-free securities. That is to say, free from State and local taxes, except estate and inheritance taxes, and from the normal rates of Federal income taxes. They are government obligations, good as gold, re turning four and threequarter jjercent to the investor. The drive starts April 21 and closes May 10, and the subscriptions can be paid off in easy installments between May 10 and November 11. W e went over the top in every one of the four Liberty Loans, and we are going over the top with our War Stamp quota. We'll take these forty millions of Victo ry Loans and something more. We are able tp do it. IVe have sense enough to do it as a business proposition. And lionor grips us hard here in Carolina, to use Governor Bickett’s phrase. We are able to do it. God has greatly prospered us in worldly wealth during these four years of war. We have been able to lay away against a rainy day 151 million dollars in liberty bonds and war stamps, which is more than seven times the total of our bank account savings in 1915. And we have given three and a half million dollars outright to war benevo lences—the Red Cross, the Army Y., the Armenian Relief Fund, and the like. We are Richer than Ever And still we are not bankrupt in North Carolina. Our bank account savings are larger than ever. They have nearly doubled indeed in four years. The increase has been from 23 to 45 million dollars. The more we invest the more we have. Aad our bank deposits subject to check have risen from 88 million dollars in 1915 to 174 million dollars in 1918. We did not have a dollar saved up in our banks in 1865; and now our bank account savings would buy up our Victory Loan quota, with five million dollars over. We did not have a dollar of bank de posits on open account in 1866. We did not even have a bank in operation until the late fall of that year. Today our open account deposits would pay for our Victory Loan quota four times over with 14 million dollars to spare. What will happen is this: We’ll take our 40 millions of Victory certificates, and we’ll have more money than ever in our banks—more on savings account and more on open account. That is exactly what happened before, and it will happen that way again. The Chance of the Farmers Onr farmers alone could take this Vic tory Loan and never bat an eyelid. The crops they produced in North Car olina in 1918 are worth at farm prices three times the crops of 1909. The in crease was from 143 to 537 million dollars in nine years. The Lord of the Harvests has blessed them with an increase of nearly 400 mil lion dollars in less than ten years in crop values alone. It looks like the abundance of corn, oil, and wine of the Prophet Joel’s vision. Then it meant a great spiritual out pouring. What will it mean today? HUGE BANK DEPOSITS Twenty-nine billion dollars! That’s the amazing total of deposits in banks of aU sorts in the United States in December 1918, as reported by the Comp troller of the Currency. Bank deposits do not belong to the banks. They belong to the depositors— as all but stupid people know. This stupendous total means that the people of this country are rich. We are the richest people anywhere on earth today. Our bank deposits in the United States are six times bigger than tlie new Victory Loan that is now being offered to the American people. They are more than the Victory Loan, the four Liberty loans, and the War Stamp loan all put together —ten billion dollars more! The distribution of bank deposits by states appears in the table presented else where in this issue of the News Letter, Our total in North Carolina in December last was 174 million dollars. It represents a gain of nearly 100 mil lion dollars in four years. It amounts to an average of $70.08 per inhabitant, counting men, women, and cliildren of both races. And the Victory Loan We have already invested 151 million dollars in this state in government secur ities, and we are richer than ever in bank deposits! We have now a chance to invest 40 millions more in the Victory Loan, and we’ll take it with a rush. That will make a total of nearly 200 million dollars laid away in gold-bearing government securities in North Carolina in less than two years. The federal interest money coming back into this state in 1920 will be around nine million dollars. That’s a figure wortli turning over in our minds somewhat. It is more than twice the total cost of our state government in 1917. And only a fourth less than the cost of state and county governments all put together the same year. We now have a cool 50 million dollars invested in automobiles in this state; or more than twice as much as the combined value of all our school, college, and church properties. And we can invest another 40 millions in Victory Loans. Nothing is easier. We are rich enough to do anything we really want to do in North Carolina. Having put our hands to the plow we are not likely to look back. It is not OUR SACRED HONOR Gov, T. W. BicKett In the call to buy Victory Bonds honor grips hard. To achieve the vic tory we pledged our lives, our property and our sacred honor. The pledge of life has been fully redeemed. The blood cost of victory was paid with solemn pride. To fail or falter in meeting the money cost would imme diately orand us with infamy and ulti mately mark us for destruction. Our sacred honor drives us to. offer our property as freely as our soldiers of fered their lives. They fought a good fight. We must keep the faith or wither in fires of self-contempt. The Imperial German Government asserted that a solemn obligation was but a scrap of paper, and that Govern ment has been consigned to the scrap heap of civilization. God is not mock ed and this nation will surely become as Nineveh and Tyre if we keep back the price of our redemption. No na tion can survive that advertises to tlie world that it holds money dearer tlian manhood, that while it was willing to sacrifice the only son it cannot spare the firstlings of the flocks. I beseech all ministers of the Gos pel and all men and women of every class and condition who have faith in the final perseverance of moral values to enlist in the great Victory Loan Campaign to the end that our national honor may be redeemed and our des tiny secured. UNIVERSITY SCHOOL OF EDUCATION LETTER SERIES NO. 165 OUR GOAL Education in the United States should be guided by a clear conception of the meaning of democracy. It is the ideal of democracy that the individual and society may find fulfillment each in the other. Democracy sanctions neither the exploi tation of the individual by society, nor the disregard of the interests of society by the individual. More Explicitly The purpose of democracy is so to or ganize society that each member may de velop his personality primarily through activities designed for the well-being of his fellow members and of society as a whole. This ideal demands that human activi ties be placed upon a high level of effi ciency ; that to this efficiency be added an i appreciation of the significance of these | activities and loyalty to Jthe best ideals j involved; and that the individual choose the service in which his personality may develop and become most effective. For the achievement of these ends democracy must place chief reliance upon education. Therefore Consequently, education in a democ racy, both within and without the school, should develop in each individual the knowledge, interests, ideals, habits, and powers whereby he will find his place and use that place to shape both himself and society toward even nobler ends.—From Report of the National Education Asso ciation Commission on the reorganization of secondary education. Are you willing to subscribe to this statement? Are you willing to pay for the kind of schools demands by thig American ideal? Are you an educational patriot or only a politician? North Carolina’s way. Having started out to do our part in this war we’ll stick it out to the end and close up our account in decency and in order. SAVING 200,000 LIVES If the German had not known, of the great stream of sliells, gas, tanks and other munitions that was ready to flow forward they might have fought on through 1919, and the battles would have cost the lives of 200,000 American soldiers. But we were making more mustard gas than Great Britain, France, and Germany com bined. Our tank program called for one tank for every seventy-five feet of front. Artillery and shells were under way that would have blown the German army off the face of the earth. And they knew it. So that although we are paying for a great mass of material that never reached the front it is really a payment, for the saving of 200,000 lives of our boys, and wounds that cannot be estimated.—Power Plant Engineering. UNIVERSITY EXPANSION From a vast majority of the trustees of the University, J. Bryan Grimes, Secre tary of State, has received letters com mending Ids suggestion that the Univer sity develop the 550 acres of land owned by the corporation and make of it a col lege park which at once becomes the col lege beauty spot. Mr. Grimes sent out letters March 27, and nearly all of the trustees have replied. Without exception, they endorsed the project and suggested that he carry it it before the trustees at their J une meet ing. The plan suggested by Mr. Grimes is as follows: Adjoining the forty-eight acre campus, the University of North Carolina owns five hundred and fifty acres of woodland. As this land is well set in magnificent oaks, its scenic beauty is not surpassed in Central North Carolina. For many years I have felt that the University should develop this property. Many of the older universities are now hampered by grounds that are too small and are making efforts to secure more space and breathing room. The University should be our educa tional center and a sentiment is fast grow ing to observe the intention of the Con stitution (Article 9, Section 4), and at no very distant day we may expect to see not only additional buildings, but new schools, institutions, and colleges cluster ed around a greater University. The University of Nortli Carolina with grounds second to no institution in Amer ica is scrambling its buildings into a con gested area, while it has hundreds of un used acres suitable for building sites. Instead of pressing and crowding to wards the village street, it should hand somely expand toward the south, as the original plans contemplated. The Dawning New Era It would he greatly to the interest of the University to have a large park laid off on the south side of the campus. In this park, between the avenues and streets, permanent park spaces running tlie full length of the property could be laid off. Squares adjoining the present campus would be reserved for future Uni versity buildings. Future fraternity and club houses could be arranged for on open squares. A residential section could be developed with large (one or two acre) lots, giving a rural or suburban effect and each residence could face an open square, or parked place. These large lots could be leased on long, easy terms as home sites for professors, student apart ment houses, student homes, etc. In time it might be found a good investment to build houses to lease to professors. A section could be divided into residential lots that could be let in long leases for homes for desirable people. Such a resi dential park would attract people of means, who desired homes in quiet, cul tured, and intellectual surroundings. If other institutions or colleges should be connected with the University here are hundreds of acres for their location, A competent, broad-minded and sym pathetic landscape architect could lay off college and park grounds unequalled any» where in this country. The avenues, parks, squares, circles, and vistas would bear names of men as sociated with University life and history. Besides the direct material benefits to the University from such a University and residential park, the indirect benefit to the whole State would be great, as each student would be influenced by the spa ciousness and beauty of his surroundings and would carry these ideals back to his home with him. With the new era that has dawned for the University, now is the time for this development.—Reported by Tom Bost in The News and Observer. REAL STATESMANSHIP In our country and in our times no man is worthy the honored name of statesman who does not include the highest practi cable education of the people in all his plans of administration. He may have eloquence, he may have knowledge of all history, diplomacy, jurisprudence; and by these he might claim, in other coun tries, the elevated rank of statesman; but unless he speaks, plans, labors, at all times and in all places, for the culture and edification of the whole people, he is not, he cannot be, an American states man.—Horace Mann. BANK DEPOSITS IN 1918 Based on the 1918 Report of the Comptroller of the Currency, covering all banks. State and National. By the OMAHA CHAMBER OF COMMERCE. Total for the United States $28,961,152,000. Per capita, for the country-at-large, $248.73; for North Carolina $70.08. Rank States Per cap. Totals Rank State Per Cap. Totals 1 N. Y ...$713.18 $7,538,357,000 28 Wis ...$189.40 $494,341,000 2 IMass ... 541.77 2,092,854,000 29 Ore ....188.82 169,939,000 3 Conn ,481.52 625,979,000 30 N. D ....185.42 149,264,000 4 R. I .... 450.11 283,570,000 31 Kan ....180.41 354,693,000 5 Calif .. 413.62 1,338.074,000 32 Ind ....177.45 510,695,000 6 Vt ... 373.60 137,486,000 33 Wasli ... ... 176.91 297,203,000 7 N. Hs ... 350.25 158,613,000 34 AV. A^a... . ..152.36 218,637,000 8 Iowa ... 337.77 758,295,000 35 Idaho .... ....147.25 72,891,000 9 Dist. Col.. 126,056,000 36 Hawaii .. . ...139.32 32,043,000 10 Dela ... 302.75 66,605,000 37 Florida . . 121.71 113,803,000 11 Mont ... 302.38 149,677,000 38 A'irginia . ....121.22 272,741,000 , 12 Maine .. 302.32 235,505,000 39 La 217,284,000 13 Penn ....300.31 2,657,786,000 i 40 Okla. . .. ....116.63 283,409,000 14 Nebr ....285.20 385,874,000 ; 41 Texas .... ....109.79 501,198,000 15 Ill ...279.82 1,762,893,000 43 Ky ...101.59 247,379,000 16 N. J ..279.77 853,307.000 43 Tenn ....100.37 233,170,000 17 Md ....278.16 392,200,000 44 N. M .. .. 88.03 40,492,000 18 Ohio ....266.36 1,404,270,000 45 Ga .... 82.59 240,752,000 19 Minn ... .260.96 613,260,000 46 S. C .... 80.68 132,323,000 20 Wyo ....254.46 50,128,000 47 Alaska. . 79.25 7,370,000 21 Mich ....252.83 797,672,000 48 N. C. ... .... 70.08 174.147,000 22 S. D ....239.07 180,261,000 49 Ark .... 67.37 121,946,000 23 Nev 210.94 26,157,000 50 Miss .... 59.50 118,104,000 24 Ariz ...209.84 57,916,000 51 Ala 138,401,000 26 Colo ....207.94 219,373,000 52 Porto R .. 19.22 23,925,000 26 27 Mo Utah . .. .207.10 ....193.64 724,859,000 88,493,000 53 Philip’ ns 7.82 70,482,000
The University of North Carolina News Letter (Chapel Hill, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
April 23, 1919, edition 1
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