Newspapers / Greensboro Daily News (Greensboro, … / Nov. 7, 1921, edition 1 / Page 7
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GKEEflSBOKO DAILY NEWS, MONDAY, NOVEMBER 7, 1321 7 ij i LJ o More Bond Bidders Wflling to Pay Premium Make Appearance There Are No Conditions Attached To Sale Of State's Securities. Outlook Good For Sale Of Other Millions Of Bonds. Farmer Stone Now Rides On a Railroad Pass. Thi Omutor nelly vm Bumi, SOI MetehuU Nitloul lut Bid. Br W. T. BOST. "(" Kalslgh, Nov. (.Mora bond bidders willing to pay th premium put up Fridayby P. J. Van Ingen and assort- - - at, Btaoey and Braun, bar thown op ' In Ralelf h and yesterday offered to take 1100,000 more of the state's paper. Seeing that Bruce Craven is skeptical and that all the papers have represent ed a recent $5,000,000 sale by the state treasurer as an unconditional ex change. State Treasurer Ben It Lacy - today was asked If there Is any string; whataover to the, most recent sale of - bonds. The official replied that so tar as depositing the money or keeping It until tne state made ready to apply It 88 seems best, there Is no condition. The treasurer who negotiated the sal alone and did It without any help oth er than the concurrence of the state council and the governor, would not agree to anything except an outright " possession of'th money for which the ' etat.'a paper had been exchanged There were requests for certain banks out Mr. Laoy stood eat. He did agree not to sell any more bonds for SO days, the purchasing eompany asking to be given time to dispose of the 15,000,000 Issue. The natural Inference Is that the present - buyers will be back to take more. A local firm yesterday .ought the new 1100,000. and Mr. Lacy would have aold them had he not agreed to hold up , sales for SO days. He did not make this statement voluntarily, because a lit. " tie factional feeling has developed In in resent sale. May g.n Other Boats. Asked as to the prospects for the remaining 160,000.000 or so, Mr. Lacy declares that he thinks the nromlse fine. He has sold 4 per cent bonds hlgh- . r man tne Fives went the other day. uui none since tn. signing of the arm Caused By Decayed Waste m Blood - Pepto-Mangan - Needed When a man's feelings get Into a his strength seems unstable, end Jie e-in. to iook suiien ana think dark, discouraged thoughts, It is usually caused by aula blood, clogged with wast, which acts Ilk. poison on the system. In stale, weakened blood Gude's Pepto-Mangan starts a change, . It feeds the blood with Iron and other Ingredient that make blood red and full of vigor. There Is Immediate evl- rtrr.ee ef the- restorative powers of enriched blood. Perhaps It Is more noticeable In the smack and flavor of food. After sleep there la a sort of , triumphant feeling of refreshed vigor. Great Is the delight of restored health. Physicians recommend and prescribe Oude's Pepto-Mangan. It Is a recog nised blood bnilder. and It has genuine medicinal value. Sold In both liquid aad tablet form. Advertisement. MAX'. RONES-STOCK .Diamwds, Jewelry, Watches. ALSO JAP ART GOODS, CHINAWARE, ETC., BOUGHT BY MR. RONES FOR THE HOLIDAY TRADE INCLUDED. The Above Stock Moved To 121 South Elm (Formerly Farris-KIutz Drug Store) For Convenience Of Sale. This Stock Of Holiday Goods and Standard Jewelry Will Be Placed On Sale Wednesday, November 9th, 2 o'Clock P. M. And Continue Daily At 2 o'Clock and 7 P. M. 50 Souvenirs Free To Fittt 50 Ladies Entering Door at Opening Sale Wednesday 2 o'Clock. letlce thre year, ago. United .States bonds wer so plentiful then that state, city and county bonds went begging. But the market, conditions have changed. Mr. Lacy has done all the selling for the state slnoe being sworn in as treasurer nearly 21 year ago. The treasurer does the sales crying. He negotiates and the council of state puts the concurring vote on the offer. Then tho stats treasurer doe not think anybody's personality cut so much figure. The state's credit gets the money, boys. And the money comes when the other fellow has It and not before. Nobody could have sold bonds a year ago: anybody with the collator al can do It now. The treasurer, how ever, can kick up the bidders and make them lively. Bidding could be queered oui not quelled. The sudden and unexpected boost in bonds confounded the ad valorem tax apostle who never had seen any way to Impress the buyer without some thing substantial to go along with the Interest required to keep up payments on the maturities of these notes and bonds. The resort of tho ad valoremltes is the bigness of the sales. They re. gard merely a a starter the big sal Friday. They will not. eonoede that the whole (65.000,000 can be sold with. out the tax. Others who think selling easy enough believe the state will re. turn to the ad valorem, tax tho moment any dlffloulty In paying the Interest arises. And since the state never has beemble to save any money on run nlng expenses, that difficulty Is looked tor the first thing. And then, selling bonds only a the money Is needed, stretching the funds out over a period of 6 years, may In midterm catch the money market flat But the council ha baen so much kick ed for getting even the small moneys that ar. available, that It will hardly offer to sell more rapidly than Im mediate calls Justify. One Political Aspert; There In one political anpect of this vast bond issue about which little has Been written. That Is the Farmers' un Ion Governor Morrison alliance and the noble peace that It has maintained where there la no peace. The union Is against bond Issues. It never could get enthuslastlo over Lib erty bond Issues, but dorkhqalexander was president of the union then and generally the dock was sain the gov. ernment. Blckett had crowned tile Mecklenburg statesman with state recognition, but the Matthews man roared nia disapproval of financial policies of the state and nation. Then Blckett took the hide off the doctor and as war went on there Was slight ly more silence. Finally the union bought Liberty bonds. . Then it got out here last winter that the omlnou silence of the union on the state's very great Tlnanrlal pro gram was In nowise attributable to the Morrison-Stone entente cordlale. The union didn't care how many bonds were authorized Just so they were not sold. Therefore President Stone of the union was under no necessity to speak out In behalf ef the . farmer, whose homes he has a special , mission to save, having taken them' from .the revaiuatloniat last year. There wa ne way 'to Bona the unborn because the born would not buy bonds not backed up by a tax. And an ad valorem tax bad been abolished. Of course, everybody knows now that Mr. Stone tote a railroad pas. Gov ernor Morrison gave it to blm. The D O NOT FORGET THE DAY-Wednelda; T:M1mtfCfo& fiiid 7 otlockT THE PLACE-121 South Elm Street , (Old Farris-KIutz Drug Co. Store) president of the Farmers' union there for -I ho longer of th great unwash- J,eiL.4I- ha svral times talked a lit- tie patronizingly of th tenantry and the sop which manservant of th octopu have thrown the tenant. No body believes the pas. had anything to do with It. But It Is hard to understand how th Morrison-Stone alliance can last. The union Is against these great bond Issue and Governor Morrison has th president sewed up, If Indeed, not shut up. Th. "amall landowner': la obliged to be .mitten hard when the ad valorem tax comes back, and It la written : by Implication in th Daily News editorial column, that Mr. Htone would not consent to abolishing ad valorem until tn bonds piled up 180, 000,000 high. Ther I the pass; there Is th pile! Can Mr. Eton and the union hv both? .. Ther will be a tat oonventlon down her soon. And ther ha been lot about pas toting lawyers and the devilment which they have wrought upon th state. Revaluation waa "th horrible child of the corporate Inter est.- sir. Stone ha said. But th union president allowed Governor Morrison' legislature to staek up about 160.000, 000 of bonds, vensncouraged the ad ministration to execute a large bone head. And It wa not a boner at all Question: Will Mr. Stone be a conerT At this coming convention Which Joslah 'William Bailey Is going to ad dress. It is understood that Mr. Bailey win roiiow up nia Henderson speech wun urgent appeal for a greater renre entatlon of farmers In th general seaeiuoiy. Call This Week. Unofficial announcement has been made that Governor Morrison will this week call the arenaral iiMmhlw InfA speolal session. Th time seems to be unchanged and the DUrnnil the Hml. Th an.HI.. will meet nearly three weeka before Christmas and If It hustles It can get tnrougn in time for the holiday season. Psychologically this Is regarded the best time. There Is little danger of Interference with the Morrison uro gram. District Attorney K. F. Aydlett has of the United fttatoa hi -lv,.tl-... aistrici attorney for the eastern die met ana witnin a. few days the ap polntment of Irving B. Tucker, of Col uniuus ib expeciea. Thin ! th .f 1. . . l -. ent left ODeil. uva th MAnhl.hi of tb east, a position offered to 11. W. Ward. Til TlinU, mnnlntm.nl M.II1 be probably the easiest of all when confirmation 1 called for. There Is laid to be no objeotion from any quar ler. Mr. Avdlett ram Intn th. nrn.. ,,.., tne senate twice railed to confirm President Wilson's innnlnlmint rh.m- ss D. Warren. Previously Jame O. Carr and Judge Franol V. Winston had held the office. The Elisabeth Cl)y man Is offered by the northeaat fnc vnt.A-n no II. I. ons of the ablest of the eastern Demo crat and I able to hold office without going oeaa nroke. MR. KELLERMAN TALKS Or COMING ARMS MEET Caa't We Cot Don . LaaeV and Sea force Until Kotklag Bat Police Fore la Left I Rev. R. g. Kellerman. pastor of the Church of the Redeemer, Universalis!. delivered an Interesting sermon last night relating to Armistice day and the coming limitation of armaments parley to be held. In Washington. "The religious significance p Armis tice day and the call of the parley on Ihe reduction of armament consists in two particulars," declared the preacher. . Continuing, he said: "Flrat, Is the duty of every one to his neighbor. We nave neignDor nations sa well as neighbor, families and neighbor Indi viduals. Ji.'. as'- command twas that we love bur neighbor and hla most brll. llant parable I th Good Samaritan,' which I a moat fitting exposition of His command. Amsrlca wa neighbor and broth 40. -nation In a-sew of defense. And now ths coming dis armament parley on November 11 I an effort of six great nations to try out an act of brotb.rbood In time of peaee. "Second, Christianity 1 not a mat ter that concerns us when w die, such as funeral and memorial daya. On the contrary It i th genius of life, It 1 a matter of living liberally and gener ously, and not narrowly and aelflshly. It Is a matter of consoling th prodigal and th unfortunat, of Improving the lot of mankind and of making prog ress in all direction wherein mankind 1 capable of progress. "America's national budget for this present nsesi year I 11,000,000,000 of which Immense amount f 3,100,000,000 la t be used to pay th debt of past wars and to prepare for future wars! Not much religion In that, I should say. It is no better than paganism uo- on the shoulders of the taxpayers of Americal cn w not out down the expenses of the rmy and th nvy one-half to begin with and continue to saduoe them every year until we get down to foroes on land and on sea for police duty alone?" POULTRY RAISERS OF CATAWBA WIN PRIZES Birds Fran Catawba gfcowa la tke East m Flrat and SIS Second Prise i (IptrUI tutu Nm.) Newton, Nov. ( J. W. Hendricks county sgrlcultural agent, ha Just re turned from enstern North Carolina where he had an exhibit of poultry be longing to the poultry boys and glrlr. of Catawba county. This exhibit con sisted of 100 birds, representing 21 of the most popular breeds. Thess birds were shown at KlnstOn. Raleigh and Wilson and In caoh cane som of the bird were shown In open clans (gainst regular poultry professional, while a majority, of the bird wer ehown In boys' and girls' club class. The tota number of prizes being 240 first snd 215 second, with a value of S0. This exhibit was financed by the Newton Kiwanls club, the Hickory Klwsnls club. Hickory notary club, Hloknry Chamber of Commerce, th county com missioners, the Shuford National bank Newton. Farmera' and Merchants' bank, Newton, Citizens' bank, Conover, First. National bank, Hickory, and the Catawba Creamery, Hickory. This will enable all of the winning" to be paid to the boys and girls furn ishing the birds. Mr. Hendricks also states that the boys snd girl of Ca tawba county also won SHOO at the Hickory fair, making a total of about 11. OHO. This will be a great Inspiration ror another year s work. Not only hvo; the boys and girls been repaid tor; their effort but it has .been a big a'l-i vertlsement for Cstawba county over, the entire state. The exhibit has been' very educational for the people of the! eastern part of North Carolina and it: has given them a chance to see whai ' Catawba county Is really doing along: the lines of pure bred poultry. We feel safe In saying that this exhibit has convinced many people that Csiswhn Is the leading poultry county of (lie stats. HTBIKEg WITHOl'T BWD AWS THKKATKMMW THE BK1M'EKS Imlil ton u Nil m. , its ii. mi t niti.icturiAi!e Lxim.i Berlin, Nov. S. Strikes without enl are threatening the unhappy Berliner. who already have been suffering more than a month under the lockout if hoto.1 gnd reaurant waiters and cooji. The federation of labor council im greater Berlin has served an ultima tum that unless the strike Is settle' within three day organized labor will come to the assistance of the cooks nni waiters with a general strike and Kai authorized the executive committee to proceed with preparations for s The Municipal employes. Including' th operative In electricity, gas, water, street car and other publlo strvlaes, hav aubmltted a demand for a heavy Increase In wage and an emergency payment of 1,000 mark for each em ploye, with an ultimatum that they will walk out unless their demand ar Even if you Haven't a OIF! i SETS PROVIDED FOR LADIES aoeepted by November 10, They ds clars that they wilt not work in any case on Novembaz 1,-th aatvrary-l the German revolution. Th strike movement fall on fertile ground In Oermany now. Th decrease In unemployment allow labor to dem Fireplace you can still enjoy the warmth, the cheer and the subtle romance of an open fire in your home. RADIANTFIRE Gas heater That Requires No Fireplace Opening Use it in any room in the house, or in the hall. Hand some in design and beautifully finished. Gives, steady heat and burns with the mellow glow of real firelight Small Payment Down, Balance Monthly. Come In and See These Splendid Values C. Public Servicfe Co. 4 onstrate without th. same tsar of lot In Jobs, which until recently hamper ed all labor -agitation Th- Increasing cost of living furnishes ground for wag. Increase demands, which prospering Industry hesitate, to re fuse. Oa heater of Te. biggest dlsalar I town. All oa may Monthly par meals with your ga bills. This I th viae to eheoe rear heater,
Greensboro Daily News (Greensboro, N.C.)
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Nov. 7, 1921, edition 1
7
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