,L!F SEES BIGGEST
: - Mm OPPORTUIIITIES AHEAD
America's Fcrcmct Banker Say s World's Demand for Food, Raw
Materials end Factory Products VUl Be Great Sounds Call
t:r Srity hi llcct'r.j ths N:w, Insistent Prcblerns Prosper-.'
Ity Ahead ferbvestors and Producers. ;
t
M rUAXIC A. TJLJfDrRlri." -r
rieiUn( ed the Xettoaal CUj Btnk,
New Ywk.
The first great trad Irvftueoce that
- we arc UVely to see Immediately ia an
' lnaiitent demand for food, for raw
r' materials and tor certain manufac
tured products fioiit ssreesV
i That demand will be ao Instate at
' taat it mast be, met It will sot ba
confined te the belligerent eeemtrleet
for the- war has . dislocated commerce
tee world ott. -
r jf we are to soil to other nations
i great emeunts ot our products, raw
natertala and " manufactures, the
J queetto must at one arise, la view
: of existing International flnancal po-
i .mi j. kmi ith iKllnm if to
;vhwiui w " . v A
par tor what UxeY need. Whatever
ia bought must In some way be paid
-. for. Thle must either be by the sale
' t goods to ve. by the expert or gold
. to u or by floating with us In pom
term,' credit obligations. . They can
'. not at once provide gooda in sum-
cient amoaat to pay for what they
need from ' , Certainly they have
.-not the gold to ship, and we ought
, not t demand. U. That leaves the-
Inevitable- eaaefcieioa .that? we must
absorb foreign credit obligations in
. payment fori a, large part f out ex-
v porta, ! i
'New' lancdtsatetd PoKlsja Seourt-
: .... . i - ties. . . '
n Oar ability te develop a great for-
sign trade depend on the willingness
; of the country -to absorb more for-
elgn eecuritles. One thing the war
,hee shwn Wfc'that we greatly un-
.--. ) afcwirth af OUT
financial posMlow. Our savings, our '
ability to make ?new investments.
, Jumped from sur. ana oae-nan
. a year to a total thio year, at U bll
. kna t " . ' .
Our capacity to save l so great
that It seems clear that, we can prob
ably devote a very Jarge amount of
our savings to .Investment In foreign
securities. 1 believe, that the total
Jis not lost than' three bllUans year.
. The banks and the investment houses
have a great rolo to, play In wisely
" selecting foreign investments' and m-
telllgectly popularising them with our
; investors. - i- '
i The financial change In the position
i of the United States brought about by
itho war la one of its most significant
v results. In the period from the war's
' outbreak to the time that we our-
selves entered the struggle, this coun-
try bought back of our owa securities
- i. i s .AiuAAi itr I Wlh Till ODV-liatl
billions, fit purchased the obligations
' of foreign governments to a total of
some $MO,O0.OW; and now since
1 our entry, our government has loaned
our associates ever seven and, one-half
' billions. This, with the increase of
foreign bank credits, makes a total
' chang in our situation measured by
.about twelve and one-half billion dol
Mara. : .
. The highest estimate ot the amount
of foreign Investment in this country,
t' of which I know, placed the total at
five and one-halt blUlona. We have
- now paid off that debt, and viewing
vour . poaitfcm . InternaUonally. ' have
t- seven billions more to our credit.
Uovernmcnt's Attitude Toward Bual-
We are facing a time when there la
Ageing to be the greatest need for the
tal Attltnda toward
' business and toward this whole sub
ject of reconstruction. Are we to con
tinue price control, or shall we have
freedom of competition? If foreign
r buyer are given credit and are per
mitted free access to our markets, will
they rob us of our raw material and
; leave the workshops bar and the
..workmen empty-handed? Should the
L new legaue ot nations take stock of
the whole world's store of raw mate
rial and for a time ration each nation
;s according to Its needs?
f These are all questions of tremen
dous Import and we should . have well
' considered opinions, for we cannot
' expect to have the government have
Tastes I ike some fine
blend of coffee but
contain s no caffeine
Tfie unusually attractive taste of
i- i
?sfet sv;"
-J
TRAKK AVANPCRUP
sounder judgment than the tuavtotil
of public opinion.
The problem of , demobilisation is
going to be one of great Importance.
We have found the operation of the
selective draft to be en the whole sat
Isfaetory. Should tire selective prln
ciple which would bring back into
commerce and Industry first those
men best fitted and most needed, be
applied to the demobilisation process?
We have our duty towards recon
struction as dearly a we had our
duty towards the war. Let us con
tlnue to be altruistlo. If we render
to the world a great service we can
rest easy about our reward. We have
a great opportunity. Let us see what
we can make of this opportunity, not
wnat we can make out of It. -
PORTO RICO LABORERS
DIE AT FORT CASWELL
Special to The Observer.
Wilmington, Nov. 18. Nine bodies
of Porto Rlcans who died at the Fort
Caswell hospital of pneumonia, ar
rived here today on a. government
boat for Internrant In the national
cemetery. Rev. Father C Dennen
met the boat and conducted the fu
neral. The Porto Ricana came here
to work at Camp Bragg, Fayette-
vine, but were ordered oacK aa aoon
as the vessel reached port, the war
being over, over zoo or the z.ooo
negroes contracted pneumonia, and
the worst cases were Anally put In
the hospital at Fort Caswell, a trans
port sailing back to the Island with
the others. Twelve of the negroes
have died.
e
NO ORDERS RECEIVED TO
STOP WORK AT CAMP BRAGG
Special to The Observer.
FayetteviUe. Nov. IS. MaJ. John K.
Thompson, constructing quartermas
ter of Camp Bragg, today asked
newspaper men to contradict the re
port, persistently circulated, that he
had received orders to stop work at
Cnmp Bragg. Major Thompson
stated that he had received no such
orders and - needed all the labor he
could secure, and that the persistent
circulation of this false rumor is "very
annoying."
POST
makes many people prefer it
to coffee.
And you car) make each, cup
strong or mild just as you
wish by varying the amount
oTinsxanxrosTurn.usea per
GU;iT ASTEa trccfs appear
" (Continued From Page On.)
called for. From 10 o'clock Sunday
night until the sturdy boys irom the
Forty-first U. 8. guards from camp
Greene, at Charlotte, 175 strong,
came marching up the city's main
thoroughfare, from a siding about a
mile and a half on the aoutn siae, an
almost continuous battle was waged.
During the melee, which was Heaviest
in aad around the Southern railway
station, three-negroes sre known to
have been killedi if tae-amount oi
blood, which bespattered thfr walks
about the station and along the car
tracks may be taken as a true-maw
cation of the- ' casualties-. f inflicted,
scores of the gunnjon wers hit.--
On- hundred and MIT or. tamp
Greene's finest, under ths command of
MaJ. George B. Wilcox, and 25 husky
Charlotte provost guards were call
ed from their sleeping quarters short
tv irtor it o'clock Sunday night
About the same time. Mayor Frank
R. McKlneh, of Charlotte, was busily
engaged In making arrangements for
a special train to take them to the
scene of the trouble.
Tmona Leave Cnmn Greene, j
With speed that was surprising, the
camp authorities marshalled their
forces while the railroad dispatcher
hnrrUrtiv rot tocether a train of three
cars. In a little less than one and a
half hours the train, filled with tnor
oughly equipped veteran soldiers, was
on its way from Charlotte to aid the
hard pressed police department- and
hnma vuard . af Winston-Salem, in
quelling the maddened throng In that
city;' -". -y . - ' ,
There was no gas light available in
the coaches but candles were lighted
along the window ledges. .The sol-
Marm nr. with ' loud acclaim. "Kail!
Hall! The Gang's All Here," as they
left. V t ' - -
; The Camp Greene' contingent were
met at a sldins- a mile and a half from
the center of. the clty,;.about S:45 this
morning by a detachment ot the home
guara".' ,Qulckly they made ready for
thA - fcllr to th ' center . of this CltY
with baronets fixed. . The sounds rot
the battle being waged by me rioters
came faintly from, the distance. A
calm enthusiasm and determination-
nervaded the ranks.
The rioters evidently were "tipped
off that the t "Tanks" were coming.
for, as the troops neared the jail the
sound of ths. battle faded away. When
the Camp -Greene boys, marching in
perfect order, entered the armory,
just below the jail, where the mob
scene had been staged earlier In. the
day, It was not to the whirr of bullets
but to the cheers of the tired and
overworked home guards ot Winston
Salem and Oreenaboro, and hundreds
of citlsens who lined tns siaewaixs.
Except for occasional shots here
and there about the city, one would
have' little thought that less than an
hour before death had lurked In every
nook and corner of the neighborhood
bovdarlne- about the armory and jail
Major Wflcoxand his regulars had
taken the "rap" out of the scrap,
without the firing or a single gun.
Camn Polk Sends Tank.
lust as dawn began to break over
the troubled city, orders were Issued
for the Camo Greene boys to "travel
north." With a smile end a determined
tin of the jaw the Tanks wended
their way toward Monkey Bottom, the
name for the negro settlement This
was not considered a safe part of the
town to visit in the dark of night,
with sullen heads popping here and
there above window ledges and from
behind dark corners. Not a single
shot was fired as the rounds of the
Invaded district were made.
At 6:15 o'clock, ISO troops arrived
from Camp Polk with five machine
guns and a "baby" tank. They were
immediately given rations and then
detailed to outlying districts. I
As the hour for the blowing of the
work whistles grew near negroes and
whites almoit simultaneously started
for the mills, tobacco factories and
various Places of employment
; Every man and boy, whether white
or black, was Halted and searched by
the soldiers. Nearly 100, a majority
of them negroes, were found with
firearms In their possession. These
men were taken to the police station
and locked up. One or two negroes
were discovered carrying whiskey and
Jrln and they also wire placed under
ock and key.
. Jail Heavily Guarded.
A machine gun was placed at the
corner ot Main and Fourth streets,
directly In front of the jail, facing
north. Hardly a mill or factory in
the city opened Its doors, and the
emjlj-ti ( .il-.ferfd abort M s'" ' ;1
groups and talked over the situation,
vtil d'sr-"-"l fy the military police.
WiUe tuui tae biacks and the v. taw
hovered in the vicinity of the scene of
the. trouble. aDDarentlv awaiuns a
chance to renew hostilities, the Camp ;
Greene regulars never for a moment
hesitated in their vigilance ana cy
noon quiet had been restored.
One of the heroes of the oay wa.
Captain Horton, ot the home guard..
When the mob made their first oa- j
slaught Captain Horton led his non- j
descript but nevertheless merry, ar
ray of fighting men Into the thick of ,
the battle. A bullet scrapea me cap- ,
taia'a noss. bringing the blood. With
a swipe of anger the doughty leader
brushed away the blood, and returned ;
shot for shot f oon another bullet
scraped his face and again the blood
spurted. Captain Horton never wav.
ered but Charged on into tne very
.faces ot his assailants. A- moment
later a bullet went through his right 4
hand and the gallant fighter, unable
to use his own gun. was forced. to.
(beat an honorable retreat He re
mainsd on duty, nowever, wrougnom
the entire dey.i : 4
,; The writer Inquired er tne cnier or
police as to the whereabouts ot May
or GarrelL No one knew where tne
mayor oouw be found.
Ths officers with-ths Camp Greene
troops were Major Wilcox, command
ing,. Captains Nottingham. Massey,
Peavey and Riots and Lieutenants
Bond, Best Patrick. Haalewood,
Read, Tnfyvls,. Jackson and Lintoiv
Major Wilcox Is a fighting man
from top of his army hat to the bot
tom, ot his bropana He first attained
honor as a soldier when an omeer in
Colonel Roosevelt's Rough Riders,
and was one of the gallant officers
who led the famous charge up San
Juan Hill back In "ill,,
He next came into prominence In
the I W. W. raids in .Arizona a few
months ago. when, at his command,
hundreds of the' labor agitators were
bundled, Into battle cars and liven a
fiylnt start for other, parts. The col
onel, by, the way; Is still under indrct
ment, with several other af my officers,
for bis rather uncomplimentary man
ner of ridding. Arizona ot the "Wob
biers,", as the colonel cells the I. W.
Wa - Major Wilcox also participated
In several Apache uprisings on tne
western plains and hi& record as an
Indian fighter Is among the best
. r Mrs. Childress Assaulted. -,
The crime leading up to -the, neces
sity' of martial law in Winston-Salem
occurred about , 7 o'clock Saturday
night Ths assault was committed on
a lonely road in the northern section
of the city near the Inverness mill.
Jim Childress, an elderly white man,
and his wife, -Cora, wre on their way
to buy provisions for Punday. As they
neared a railroad trestle which crosses
the Inverness road, near Piedmont
park, they were suddenly confronted
by a negro, who, with pointed revolv
er, ordered both to put up their
hands.
Mr, Childress, so the story as told
the police goes, did ao, but his wife
grappled with the negro. The hus
band was unarmed and before he
could go to his wife's aid the pistol
was discharged. The first bullet did
not take effect and the aged couple
were backed down an embankment
where the negro twice shot Mr. Chil
dress, who fell to the ground, blood
gushing from his wounda
The woman, afraid to make an out
cry, was dragged by her assailant to
a lonely deserted spot. The negro
later aimed his revolver at the woman
and stated that he was going to kill
her.
"For God's sake spare my life so I
may again .see my children," pleaded
Mrs. Childress. Even his brutnal
heart was touched, and, with a curse
and a warning to keep her alienee,
the negro started in the direction of
the city. .- s '
n the meantime, the bullet riddled
body, of Mr. Childress was found In
the grassy gully by passersby.i It was
found that the man still lived and ha
was hurried to a hospital, where to
day It was said the Injured man had
an even chance for lite. -
Mrs. Childress finally reached a
point where she was able to summon
help. Sheriff Flynt and the police
were at once notified of the crime
and started on the trail.
After securing an incomplete de
scription of the negro assailant from
Mrs. Childress, Sheriff Flynt startad
down the railroad track. After tak
ing a few steps he noted nearby ,a
negro who answered the description
of the man wanted, . He called out to
the negro to halt but received a bul
let In his hand for an answer. A
moment later he was shot through
the neck.
TJTien these stories reached the citl
sens of the city .there came the rush.
After' breaking Into several pawn
shops end hardware stores, taking all
firearms and ammultlon In sight, the
jail was stormed and a negro prisoner
wounded. He was not the one who
.had been arrested as a suspect In the
Childress ease, however, and his life
was spared. After roaming about the
jail for an hour without discovering
the whereabouts of the man sought
the crowd left the building and re
sumed promiscuous shooting and cries
for vengeance.
The police, In desperation, ordered
the firs hose turned on the speedily
growing crowd. Robert Toung, a re
serve fireman, was detailed to the
work, but was shot through the head
a m,oment after beginning his work.
The using of the hose broke -the final
straw and ths general riot ensued.
e
MOONEY'S FATE NOW IS
IN GOVERNOR'S HANDS
; San Francisco, Nov. It. Thqmas J.
Mooney's fate rested solely tonight
In the hands of ,.. Gov. William D.
Stephens, and no Information has
come from the state capital' as to
what the executive's attitude will be.
Mooney, who was sentenoed to hang
following his conviction on a murder
charge growing out ot the prepared
ness day bomb explosion here July
IS, mc, Is in San Quentln, Cal,,
prison. When the United States su
preme court today refused the peti
tion of Mooney's counsel to review
his case, the "last legal prop of the
defense," his attorneys said, was gone.
NEW BAPTISTVCHURCH AT
ALBEMARLE COMPLETED
Albemarle, Nov. Jl, The new
First Baptist church Is now fully com
pleted, including pews and furnish
ings, and the opening services will be
held In the building en next Bunday
morning at 11 o'clock, sermon by the
pastor, Rev, Q. C. Davis, In celebra
tion of the occasion a, number if not
all the churches of ths city will forego
their usual morning services In order
that the congregations may attend the
services at the new Baptist church.
WINTHROP COLLEGE WOULD
, BUILD NEW. DORMITORY
Rock Hill, 8. C., Nov. It Presl
dent p, B. Johnson, of Wlnthrop col
lege, this morning stated that a per
mit to begin work on the new dormi
tory and students building at Wln
throp college had been applied for
since the peace armistice, and that he
felt sure that the permit would be
granted at once and in case that it
Watf.-wwk'on the bnltdrngr would be
gin Immediately, which are badly
needed, especially Ite dormitory. - :,
' . - ' -V
. , 9 f---
ra r' C. a.)
day had a r-ronouncej c.tect ci tie
mob, which dispersed after word had
been passed around that the prisoner
had been taken under heavy guard
to another city. The military took
charge ot the situation at once,
fore the troops reached here the
police, - assisted by home guards, ar
rested a large number of whites and
negroes " for ' carrying' concealed
weapons. The jail at daylight was
filled with persons, who were dis
armed and locked up while the mob
spirit was at its highest pitch.
J. B. Childress and his. wife and
Sheriff Flynt- were shot Saturday
night After the arrest et Russell
High, a negro, there was much talk
of lynching and a mob.qulekly gath
ered. Efforts by ths mayor .-to re
store quiet were unavailing, and when
home guards joined ths police the
ngntmg became general.
J Russell High, the negro suspect,
arrested Saturday night for the crime.
and for whom the mob sought his
life, has not been definitely Identified
oy Mrs. Childress. , f - -
It Is believed that he has been re
moved from the city, though the offi
cers decline to make any statement
regaratnaT the matter. . ,
SIX ARRESTED ON CHARGE
, OF "INCITING A RIOT"
' -By the Associated Press.
Winston-Salem. Nov. 1$. .pierce
Hammonds, Ira Whitaker and Frank
Hester were arrested by officers this
atternooiv charged with inciting a rot
growing obt of the trouble here Sun
day, and their bonds were " fixed at
6,000. Hester gave bond. Three
others, Vernon Huffman, Reely Don
ald and Edward Shouse, are also In
the city jail charged with Inciting a
rlet Several of those arrested were
armed when they, were placed under
arrest r-'? .j -
The cases will probably be heard In
the city court tomorrow morning, to
gether with about SO other cases,
most of them for carrying concealed
weapons. J ''-v -;
The troops sent here from Char
lotte and Greensboro lost no time
early this morning In their task ot re
storing ordr and most of ths people
' on the streets were searched. If fire
arms were found on them they. were
promptly placed under arrest
Solicitor 8. Porter Graves Is In the
olty to confer with officials relative to
steps to be taken to bring the mem
bers of the mob to justice.
INVESTIGATION WILL BE
CONDUCTED BY SOLICITOR
Raletgh, Nov. IS. "Our state laws
make it mandatory that an Investi
gation be conducted by the solicitor
of the district ana or course this win
be done as soon as the atmosphere
clears up," said Governor Blckett to
day when asked If he had ordered an
Investigation of the riot at Winston
Salem last night "The thought up
permost In my mind just now Is to re
Store -order In Winston-Salem." "
Governor Blckett stated that im
mediately after he was advised of
the trouble, he ordered out the
Greensboro homo guards and also
called on the commandant of Camp
Polk at Raleigh for troops. At th
governor's request a detail of 190
men with two machine guns and onr
small tank left Raleigh at U o'clock
last night for Winwton-Salem. :
: Sixteen women .'swill be Include
among 'the I lawmakers of ths fai
western states when- their next legls
latures meet ' " -
r r t r
.., (Continued
G) By-
or n .. n i
,i Detter oooK
Neatness, accuracy and absolute uniformity - ' posting direct to the ledger with a Bur- "' -,
In appearance of ledger pages and statements. . ' roughs simplifies not one, but practically every ,
Proof of posting obtained Dally. Bookkeep- . booklteeping problem. , : "?a,' ' '
Ing errors, with the work and worry they cause,
, eliminated. !
gtatements mailed promptly and the trial
. i ' 1 - j
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v; ; V , Crnmercial Natl Bank Bldj.
D. D. PEETE, Manager. '
" rrTN 'FIGURiNG , AND DOOKKEi?filNGACriINE$l r1 "PRICED" AS r
ft I J ) PREVENT COSTLY ERRORS-SAVE VALUABLE yTIjJ LO7Asn23 ' f
r
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AH CowterfeltJ, Isiltitloci tai 44 Jot4fooaM tit. bat '
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JAhat Id CAS "jfO R I A
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GREAT OLD REHEDY
FOR SKIN DISEASES
S. S. S. Qeart Skm of Erdp
Uont Driye Poison From
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Get It fixed la your mind that skin
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The ledgers
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Adding Machine Company
: Charlotte OlSoe:
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. ' 4
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tzi tai tesa ntn tzltt m r-
AZhrw us oaf ta dscclra vou la tlLi.
Signature of
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. .-. . i.;.!,.,.. ...J t:v'j.. "J ;
pHARLOTfE OBSERVER, ITS $0.
it is a bleed tonio that' will purify your
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Advertlaament S. ;..' ;, ;
seeping
Some advantages ob
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always In balance. Ever'y time
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1 .', i i