Newspapers / Wilmington Morning Star (Wilmington, … / Jan. 8, 1923, edition 1 / Page 3
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GOVERNMENT SAVING PLAN PROVES WORTH System Inaugurated Year Ago Gives Small Investors Safe Means of Saving (Special to the Star) WASHINGTON, Jan. 7.—“The reor ganized United States government cav ings system is a little more than a vear old and in, that time has fully justified its existence,’ said Hew Wal lace, Jr., the director, today. “It has been the means of inducing persons of small means and those who earn money in limited amounts to invest in safe securities with good interest. The sav ings system of the government was begun in war times, when every effort was used to secure money in large and small amounts. That money was used to finance the war. Money is still be ing borrowed by the treasury depart ment to refund the short-dated war debt. A part of that debt is in war savings stamps—|625,0p0,000 of which become due January 1st. To pay off this debt the treasury has. the money in cash, but it has arranged to pay this money by an exchange of the maturing stamps into treasury savings certifi cates, thereby giving the owners of the war savings stamps the opportunity to reinvest their savings and the interest __ effort to bring about this exchange in the desire to encourage the lessons of thrift learned during the world war. “The government wants to foster and encourage these savings habits begun during the war. and to distribute the burden of the war debts, among as large a number of people as possible. There is no doubt but that when a man's money is invested his interest is held. Those who own a government bond or a treasury savings certificate have a state in the government and they become more interested in its management and its success. By this savings movement $625,000,000 was in vested in the 191S series of war savings certificates, and over $140,000,000 has been invested in the new treasury sav ings certificates since they were first offered to the public in December, 1921. In addition to this over $137,000,000 is in the postal savings system. In other words more than $900,000,000 has, been safely invested in, the government's savings system by the American peo ple. A large portion of this huge sum of money never would have been in vested had it not been for the govern ment’s solicitation and .activity with securities put out especially for the small investor, and within the reach of every wage earner. “Through the untiring efforts of Uncle Sam, and in spite of much criti cism and opposition, it would seem that the government is succeeding in its effort to make this a nation of savers, and of us a people' of thrift which means greater contentment and prosperity for all. Extravagance and frivolous expenditures never built up a successful community or country. Another important point is that a con siderable share of this money is taken out of hoarding and insecure hiding places and invested in government sav ings securities where it is put to work and is constantly increasing. “There are still untold millions in hiding—hoarded in secret places and earning nothing for its possessors. Uncle Sam wants this money brought out and invested . in safe, securities, where it will increase daily and earn more for the people. In urging the in vestment of new money or hoarded money, a warning against the sharper and swindler, the peddler of fake stock schemes, and all fly-by-night get rich-quick ideas must be sounded. All classes of society are prayed upon by these financial buzzards, and the warn ing cannot be repeated too often. Daily we hear of some victim, although the government is doing everything in its power to protect its people against them. I want the people to remember there is within everyone’s reach a safe nutlet for savings, and security both of mind and cash can be had by all.'* m BELL’S 1 Pine-Tar Honey■ igsjtoy1 {■* IKI^ ' Stops Coaflaa-CTleckr Cfcfldi TWfUt^^Mnf *xm«fa» th«t bwg ■ocistastbrcmgfe th» d«r and fam ily at atgtit —«bT w* r”pgod.l! Vkoamm^wi^ecaS^s^-^^ TRAIN SCHEDULES (Subject to change without notice) Published by The Star for the benefit of the traveling public, without remuneration from the railroads. At Wilmington, N. C. ATLANTIC COAST LINE Effective September 11. 1022. Depart ' •3:40 A.M..Raleigh & North.*1:00 A.M. 5:30 A.M.. .South & West,. .11:40 E-M Sleeper to Columbia Open 10 P.M. 8:15 A.M. North ...... 6:05P.M. 3:10 P.M.. .South & West...1/1:60 P.M. Sleeper to Atlanta. 1 3:00 P.M.New Bern.12:40 P.m. 8:30 A.M_ Fayetteville ...8:00 P.M. t6:30P.M... Fayetteville i .t.11:0""; f 7:00 P.M. North ...... 9:45 A M. Sleepers to Washington and Nor*ol*. *»aily to Goldsboro, but does not run to Richmond 'and Norfolk on Sundays. tTuesday, Thursday, Saturday only. For Information, phone 160. SEABOARD AIR LINE Effective November 13. I®22; Depart Dally 4:00 A.M. Charlotte ... y.Ua.5 A.M. Sleeper to Charlotte open'lO^P. 5:10 A.M... Wil.-Ruthfrdtn 3:40 P.M. Charlotte 12:20 P.M, Parlor Car to Charlotte. _ for further Information phone 1«®, LONDON NEWS LETTER By Cable to the Associated Press LONDON, Jan. 6.— (By Associated Press.)—Two concrete signs of the gradual return to cheaper living- ap peared with the arrival of the new year in the form of a reduction in the fares on all London’s underground railways and bus lines and also a les sening in the fares and freight rates j on, all of England’s railroads. These j cuts were announced simultaneously I with the coming into force of the! grouping system, as provided for in .the' railways act of 1921, which was spon sored by Sir Eric Geddes as minister of transport. Railway. passenger fares are reduoed from 3 pence and 2 pence per mile for first and second classes, respective^ to 2 1-2 and 1 1-2 pence. Most of the freigh rates are reduced by 1 1-2 pence On the shilling. The reduction in the, bus fares an^ the underground rail ways are not so easily computed be cause of the intricate zoning system throughout the metropolitan area; but the reductions roughly amount to from 10 to 20 per cent. The railway grouping system has been in the process of arrangement for two years, and henceforth instead of their being 120 separate operating sys tems all of England’s lines will be consolidated into four main gro'ups, jvhich will be known as the Southern, the Great Western, the London, Mid land and Scottish, and the London and Northeastern. The railway act pro ! vidcs that the companies must earn the standard revenue for 1913 and any excess over that standard will be dealt Itfwith as follows; One-fifth to be re tained by the companies and four fifths to be returned to the public in the form of reduced fares and freight rates. Earnings will be computed an nually by the Railway Rates Tribunal, on which members of the companies will have no representation. Under the new system various im provements are contemplated, both as regards roadbeds and rolling stock. Provision is made in thet law for the wages of employes to be fixed on a sliding scale so that the workmen au tomatically will obtain wages in ac cordance with the earnings of the road. It is estimated that with the elimina tion of overlapping services and other eeono'mical measures, 1,000,000 pounds will be saved annually. -T. P. O’Connor, “Father of the House >f Commons," and about the most pop ular member of the body, is showing marvelous energy for a man who has entered his 75th year. Mr O'Connor took a leading part in the debates dur ing the recent session of the com mons, heading the opposition to the demand for restrictions on the impor tation of . Irish cattle. He also adyo cated the cause of Christians of tne near east, oh which subject’ he has been the chief spokesman in parlia ment for several years. ' MV. O’Connor today is parliamentary vacation utilizing his in making AN UNUSUAL ARRAY OF INTERNATIONAL EVENTS PREDICTED 1923 to See Much Competition in the Realm of Sports, is Prediction NEW YORK, Jan. 7.—(By The Asso rted press).—Promising to eclipse its edeceesor in the keen calibre of com tition, the year 1923, according to the eseit outlook, will witness an un-, ual array of international sporting ents. While fixtures in such fields of tablished rivalry as golf, tennis an chting. both here and abroad, will Id even greater interest than before her events of outstanding importance ve been added to the program. International track and fie d meet3, e at Paris, in May. for college ath tes, and another at Gothenburg Sweden, in ~ ^ strong American teams, paving the way for the 1924 Olympics at the French capital. A combined Harvard and Yale track team plans to i"va^.e Fngland for a dual contest with Ox ford and Cambridge, and if dates d° not conflict, the Americans are. likely to participate in the Swedish champion ShTnterest in international boxing has been aroused to a higher pitch than at any time since the Dempsey-Carpen ^ tentacle by a match, arranged between Johnny ICilbane, American holder of the world's Ut!e' an2. ^onean rriaui, French wearer of the European crown for the f-^dTo'^sVe twi event atthe Polo grounds in New York, DNrSTusflead'by the outcome of the contest for the world’s lawyt tennis title last year, in which she was de feated bv Jflle. Suzanne Lenglen, of France. Mrs. Holla B. Mallory, Amerl nhnmnlon plans another campaign -^^n^W,Ur^e=aments tForamreeetlnhFerbFrenych rival -ce more and also - -oUrer pionsliip^grasV^courts at Wimbledon, ,«« —^ team tennis entrTJ ^n l^^when^S nations challenged for ft" v Division of the contest ^lilhD^irr.mrlCtenwTnane^r^ Eft ^he*1 United^States ^he^baL iterest^nf XTn^.^uSh « Unl tto fresh impetus with the British.. re,C iful of setbacks they received in mnstfof the important events of 1922, to retrieve their lost supremacy, 'of American amateurs prob A team_ or hroa(j to defend the ®Waiklr cup, emblatic of the team Walker P Gene SaraZen, championship.^^w champion, has an American OP® of attempting to flft the British open title Walter h.u. «rs ««• other "likely" entrants in.this blue rib b°n America's crack young Seyera , cIu(JIns Gertrude Ederle Wainwright. of New York, and new us women’s records, snd John Weismuller. Chicago star In and Jqnn Ensiand and possibly s >”„“•»* «' earlv in the summer. , 1 T ively yachting' competition also is ■ Thu Seawanhaka-Corin ■ " a preparations f<jr the re-publlcation of his old and popular paper, "T. P.'s” Weekly,” which was one of the many victims of the war. It will be a popu lar literary journal, mainly intended for students of literature, especially among the young. He already has ob tained most of the capital that will be required to start the venture. Some of it came from friends in the United States. Publication of the weekly will be begun in February or March. The weekly will be on the lines of the Lit erary Digest. The first contingent of 50 young English women will sail for Australia in February under the auspices of the new organization called the Home Companions, which is inaugurating a scheme for the adjustment of the ratio of the sexes in the empire. The avowed purpose of the organization is to find wives for the 200,0001 surplus of the male population in the rural districts qf Australia and husbands for the 2,000,000 surplus female population in the British Isles. / In order to quality as a member of this unique expedition a, woman must have one hundred pounds .sterling, 50 pounds for fare to Australia and 50 pounds to be held in reserve for her return fare if life in Australia is found to be undesirable,, or she fails to find a husband. The women must he be tween 20 and 30 years of age, but preferably under 25. “We want girls who are prepared to rough it," declared Miss Ettie Rout, secretary of the organization, tpday. “We don’t want flighty or irresponsi ble girls who are out for a good time. Patriotic, serlouS-minde# girls who are willing to go to the corners of the empire for the sake of the empire that’s the type we want. We wish to accustom them to the customs of colo nial life. They will find employment as companions or helpers in typical Australian country homes. It won t be a bed of roses- for them. They may have to work hard, but they will have an opportunity to make carers for themselves. It is more than likely that a majority of those who go will marry.” One hundred acres of the finest park land adjoining and overlooking the famous Hamstead, on the heights northeast of London, will be open to the public soon. This property con stitutes the estate Kenwood, owned by Lord Mansfield, who, like many landed proprietors, is planning to sell his acres for building purposes. A move ment for the purchase pf Kenwood as a park was started as soon as the property was put on the market and through the subscriptions of a number of public-spirited citizens^ the land was purchased for 135.000 pounds. The estate is ideally situated, af fording a good view of London and of the hills beyond. It contains two beau I tiful ponds in which (^peat Britain ! Olympic swimmers have trained for ! several years. I Coast Liners Wallop New Bern “Y” Quint Locals Defeat Craven Boys by a Score of 63 to 24 With another brilliant victory added to their credit, tbe Atlantic Coast Line basketball Quint returned to the city from New Bern yesterday, having de feated on Saturday night in the Craven county city, the New Bern Y. M. C. A. '■five” by the decisive score of 63 to 24. This is not the local’s first victory ! over the New Bern boys. Superior passing and deadly accu rate goal shooting from the floor at all stages of the game, is said to have been the real cause of the Craven county cagemen’s downfall. The A. C^ L. lads were never in danger. They came to the fore as soon as the referee sounded the initial whistle, and main tained a substantial lead until the final moment of play. 1 At times the work of the IVilming ton boys was dazzling. Their passing, dribbling and goal shooting from the floor, and goal shooting from the foul line was splendid at all times. Gieschen, Gore and Holden, for the locals were unusually good. Gieschen caged the ball nine times from the floor, and tossed several fouls. For the home team Taylor’s work was above the average, and had all of his co-workers played the game he staged, the Wilmington bunch would have had a rough time of it. The line-up follows: J New Bern (24) Taylor . Right F^orw^rd. Wilmington (63). . Gieschen Wheeler Westbrook 'Reft Forward. McGowan Gore Center. Matthews Hand High Guard. Harrell Holden Left Guard. Substitutions—New Bern, Bell for Harrell; Wilmington, Furlong for Hand. Referee, Bunting. Timekeeper, Mullineaux. Fremont Juniors Company. “C” Juniors Nosed Out 21-18 Victory Company C juniors of the Boys’ bri gade defeated the Fremont junior basketball quintet Saturday night in a well played game. Both teams were about evenly matched, but the fast team work of the Brigadirs proved too much for the Fremont boys. The game was nip and tuck through out, one side taking the lead one min ute and losing It In another. The con thlane club, of Oyster Bay, N. Y., has challenged the Royal Northern Club of Scotland, for the Seawanhaka cup, cap tured by a British sloop here last year, while a team contest for the British American cup, won in 1922 bv the United. States, also is planned. Both these events, for craft of the six metre class, will be sailed in British waters. Gloucester men, too, are planning another attempt to lift the interna tional fishing schooner trophy, which Canada won last year when the Blue Nose vanquished the American boat, Henry Ford. Syracuse university’s laCross team has arranged a trip to England in the spring to meet Oxford, Cambridge and other college teams;- and Walter Hoover, of Duluth, who last summer captured the diamond sculls, emble matic of the world's amateur sculling championship, is expected to defend his honors on the Thames. < UtliJ We’ve Advertised It Broadcast! % Every family within fifty miles of Wilmington will know about it! The Boy Scouts of Wilmington will distribute our circulars in city. Watch for the scouts in uniforms. They bring a message of saving to the men of Wilmington. They are representative boys of your city and we are proud to place in their charge the distribution of our advertising which announces. OUR FIRST GREAT SALE After 15 years of successful business in wilmington a real sale of high class clothing for men, young men and boy’s. j A decidedly different sale in which the attractive features are “Rock-Bottom” prices and quality clothing. See Tuesday’s Star—Read our Sale Bill—and You’ll be Convinced A ‘ sale you can well afford to attend. SHRIER & SOLOMON SOUTHWEST CORNER FRONT AND PRINCESS STS. test was free from roughness and both teams played excellent ball. The first half ended 10 to 8 in favor of the Brigade, but the Brigadirs start ed a barrage of passing and shooting in the second half that brought victory. The Brigade boys were handicapped with the'low-rafters on the court, miss Ing a number of good shots, on a regu i lation court they should experience no trouble In making. Picking a star on the Brigade quintet would be difficult, every one playing a steller/ game, both on defensive and offensive. Captain Wenburg lead , in the scoring with 11 points, Brady four, Kerr four, and May two. For Fremont Peacock were the stars,^ Peacock making five points, Ramsey six, Aycock four, Hooks two. The Fremont juniors will play a re turn game with the Brigade boys Sat urday* January 27th. The line up follows: Brigade, Fremont. Wenburg ... Peacock, J Forward. Brady. Peacock, B. Forward. Jewell .. Aycock Center. Kerr... Ramsey Guard. May,. Hooks Guard. Substitutes: Brigade, Beale, Newton,j Grotgen. Fremont, Telverton, Referee Pike. The Brigaders made the trip to Fre mont in automobiles, driven by Kiwan ians Harry Solomon and ^William Mont gomery, the latter secretary of the Boys’ brigade. They returned to Wil mington yesterday afternoon. Mr. Montgomery reports that the roads between here and Fremont are in good condition, stating that they made 110 wiles ,!» three hours and 60 minutes. 1 Friends of Mrs. John W. Galloway will regret to learn that she Is critlr cally 111 at her apartment, 207 Dock street. ' ' 25 PER CENT DISCOUNT On ELECTRIC HEATERS For One Week Be Finning Monday, January S CITY ELECTRIC COMPANY "Everything Elect rl cal* • 206 Princes* Phone 905
Wilmington Morning Star (Wilmington, N.C.)
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Jan. 8, 1923, edition 1
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