Newspapers / The Chatham Record (Pittsboro, … / March 11, 1926, edition 1 / Page 2
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PAGE TWO "—W ..-mV «!'^J' ->•«’* .0'- ; ; -' I—Gen.1 —Gen. Smedley Butler takes over command of the marine base at San Dfe/rc, Cal. 2 —Releasing wild elk on range near Middleboro, Mass., wiiere 379 of them were shipped from Montana to be fattened for eastern market. 3 —George E. Brennan, Democratic national committeeman from Illinois, announcing his candidacy for the United States senate. ilipirKPPi! m: . IctlS/w hEbiLI-b yf n ir n prr. **? n sr pito ybiliiLli » Ltibdilu; . I Rejection of Nickel Plate Merger Is Factor m Col lapse of Stock Market. * ‘ —— i By CD'.VAHD VV. PICKARD T p'LAGIAv of the Nickd ‘ Plate, i S,-- aesapeake tc Omo, IDelving j Valley, Pore Marqu tte and Erie rail- I roads, as proposed by the Van Swer- | ingen brothers of Cievel.aul, wl- tils- j approved last -week by the in ersuue j comtaercd commission, and those so- j called wizards of the ruiiwey uorki ! v. ili have to devise a now plan if they ! wish to try again to hi ng about the J giant combination. Their work <.-n j the rejected scheme is said to have tost them between two and tler-e • lion dollars. If it bad g.me through act rdin ; to ’ \ * > < .li the brothers' w ,1 hn vo no ';• { d ■> profit of abort .» : KmtX)*. i lie caw .- w. “"■ ' ...ov* ancv of -.lt: .. ..ova 1 of ti e nnanoial sITU-.fiv.-v of t . « l-a-ed new Nickti : • ' ■ w t -m»- i : ;. the icMO - ■ W ’ • < ; the i-ix.posed art:.. : W i ; ..... r i!ue conunissi-au •t; -a. r j would be. ill ihe ; ' ha. row j the standpoint of p; i the : j! pj-., t. . i . | Cris • • I ‘ : V> e cariiiat <> ... .D ' . | that the w. an. I j U:.. . | • : * • ' ■ I aa . 1 railroad pr. : a:-. h Nick j Pima is the only ‘ raiiro :d of impor-1 iii i io cowitry in wiiich pr fitted stockholder;- do not have . h ; t to vote, an-! nor It- is nroy><» i I to tfif* f to ovw od.- 000.(V) oa UV .stock of v compare coa;pc*rabi<? v/ith the New D..k C ’ tr. ?. l v . liiisylvhniu and Baltimore A i Okie. _r_ IN FINANCIAL circles tlsa imeaed ! ate res alt of the Nickel 1 df.tr n.-. wns the iiggest day> Lading in the history #f Wall street, with a per pendicular dm-liaa ia pric<w that iu practically all *tecks ns a ia •ae extreme oane raaak«4 W pointa. stock market ka.d bsoa la * f■■■are #f ceaiparaHre ter aeveraJ fey*, anyhow, thia waa a fttr.gper tei blow te the base. Trading eaiipaed former r##*r4, which fee.d rtood f<wr year*. Tke tetal far the fey was 3,BG4,<W* share*. The edrre of lha Market amy be jafefNl in corn ea rt»?n with the Paclftc jpcal.e market ea May 9, l#ol. O* that fev \072,30i shares were trp<sHl In. Jirecks had beau teohJtieftiiy w©ak -asfi iu seven previous fey* es drastic tc-jpms; the ceaSdence es shareholders te .ho speculative slisre* bal been sVHV.iI by loss of from iv« te fifty jriyts or mwe La tJieir kei4)ass. Many ■c.wr?' ) traders bad reached! the end jk f their tether. The exceaees of the wild upward peculation La many shares wlilrb had vsntinued ovei- a long serie® of rccnGw the election of Freedd*nt Cool Ligc were btiag corrected and brought iewn to a wholesome level by khe mar ket if elf. Stocks wore ej*g«ged in <* • ?k-! iur their true market v«l*n, based on I earn digs rather than m merger pros- [ poets;, or stock divided*, which this | yei'.r and last have faaned th* afpecu tetlre flames. The collapse of the *t*«k market, I wV.ich was accompanied by arrsr® re- ] actions in the grain n*d etfeer «pectt- i Ixfive commodity tnurket*, wai Ue jrcribed by experts as malKly a irpecn i.*tive orgy of powerful jcrewpi? and professional operators. T>«' ffeneral j<■ ic was not caught t# m j great ex tent. , CLOSE votes the h*ua» military T 3 affairs committee junked all the , ling army air service legislation, this jpOoding the b'lls for a wparate air corns, for a unified air service, for the creation of a department of na ttanal defense and for the adoption of j the recommendations of the Morrow board. The committee then proceeded to write its own bill, using ns a basis the 31.70,000.090 five-year program sub mitted by Secretary of War Davis. | The new War department proposals j conti isolate appropriations of SBO,- j 00 \0 o a year more than now is avail able for the air service during the i period. Os this $7,500,090 ' would he spent each year in the pur ; < base or construction pf new planes, j At (he end of the lice years, accord \ lag to Oie Davis program, tlie air serv i j<“' would have 2,2(X) modern planes, , ('guitir army oflicers. 5f)9 re | rerve obicers on active duty, 15 otK j oiA.-t -d men, and 800 flying cadets. I According to Representative Morin j o” Pennsylvania, the measure when fi nally reported by the committee will ' enibrace most of the major recom | mend ttions of the Morrow board. Sec i rotary Davis said his program had | boon concurred in by the chief of ! staff and the chief of the air service. vrpVP.M organization leaders of the A‘ middle .tvextern states, together with n number of governors from that Don. gathered in Washington last w- r ; a conference and let tilt 0 ”-: . smeii know plainly that thej v 1 speedy action on legislatioi a ntrolling of farm export sur : ' y-o as to increase dome tic mar ices. In their statements wor. of a political revolt lr. tße Wes ■ their demands were heeded. . ’• from the conference calb on . siclout 'Coolidge and on Score of Agriculture Jardine, and i • afterward said that 1’ :<w eots for rn agreemcn b'twcv •' -ar ra. 1-gif-!,:tors and the ;;d.-nini 'rati n <;:i Bio rnecluinics of nev ’ 'o i n .-■» ex '• dir riy brim Pro; *-], nt ' -o ex ;>re.••:<-(! Ids sa n t .Im v,; !» ;P-* .dm to stabilize no, < /Kura! <•/ i-a u. c. -■}mt it b(' hno . ho would r any 1 islation unr.i. niou: ly . 1 bye D- : >.nrtu:-. of Agricul: v« farm orv; i:; -d( • and the v.. h»,is . ■ -vltural conm.i tees in cony: o;. fry HE V'dats -n I’.. ■ ” bill, a boll shir. X the railrrod la board and p: vidli.g for the sotti- a -ml of rail labo disputes by direct cut.* rence be twee, railroads and their v uloyers and on mediation and voluntary arbitration v/as paeccd by the by a vote ©i 233 to 13. The measure has been f» vorrbJy reported to the senate and its early enactment: into law ip expected Tbe board Imv before !< cases involv lug apyrvximatejy •' -w t'. ' 28’ n Lncpease demands an<l doesnT ku©*»‘ wluit t© do with them, as the Watson- bill makes no provision for dis peuk ioi.i of the pending disputes. Shieewtives reprsi£;enting about eighty west era railroads? met In Chicago and selected a committee of twelve to con duct the wage ccirfereneoß with con ductors txainHu n. Those workers ask a raise of T per cent and the man users have gosoe ©R record as opposed to ttsis boost. S2fTI?OTA?iY RTATO KELLOGG sefit a jwtt note to tho Mexican «r®’?vrnrrrftßt fat *eply to Its latest eoir snur. lent ion coßccrning the new htrnl end oil laws, and while not raven!tag Rs contents, he told the wmate eorc mlttec on foreign relation*! -ant he hoped It vrotflfi ord the ono -oversy. nmcbly Che ndminiat”* has | ten< d down it* d#rmsnds a IRtlc. Some | of the senators, however were, not sat- j fjod ftid Mr T7!rr r* i T t*>» was pre a y rech t l --* *0- Be. ~ The Mexican yo.v->- :r -,^ n i •••-• ncti a,f!l "ir <en? in or*. r‘i*v thr' ' r ‘ r, y ore in the irritha '”-’h sh- Cholic prosts and ■i- * - - + r w first of the ex l pel led G'-thollc ch * y to reach the I United States in New York i,n a sfosmer. ’ Tr» the party were ten pneofo opr- r.im or*' four Marist broth- I TV-v r ynn’lnss, stating they I vrer.-- rot given ftrr' to take even their I brev!«rics. r Ar of Vera Cruz mf 1 h’rß'in'- or ’ • i. sued laws lim fhr, numticr of priests Vera v*ujs j-Bw.-. • y r ?n communities f 10' ir. .nv mini ties of 80.- , a.o fv;- , . >« of co 000, and b’n'. - ■ •• y»r communitie*:. >"y t m’y one priest •r r 1 with the excep >r, of 8 r >\ • 1 f- !r• s wvi: ! :’.g the prospect is -”- l ‘ t’»- , :-*on of the League of Nirih-n-, in G-»ncva will be 1 ccvu.nyly a u-l thc.t the net res* vlll be that Germany alone will he riven a peix.-.anent seat in the coun il. The probable compromise plan is or the holding of a second session at ,’hich it will be proposed that Poland >e given a non-permanent seat. In Litis ,vay Germany, through Doctor Strese ni’r.ri, would he enabled to participate tfilcially in the council’s action. It is ikoly that a special committee will be nailed to study the question of a re ar,.:; aization of the council. .According to a London correspond 'nt. Premier IMussolini, with the aid >f y.pg.in ,‘tr.d the Vatican, has formed 1 JjatiTi-South American bloc in the league by which lie hopes to control ‘f. The first demands of this bloc will. >e for permanent seats in the council for Spain and Brazil and another tem porary seat for another member of ho group. The story says that the bloc Is prepared, if it does ret get its way, to leave the league a., t .arm a new association of the Latin states of Europe and America. With only 71 votes In opporP’on, the French chamber of deputies ratified the Locarno treaties, giving Premier Briand a splendid indorsement. The : approval of the senate Is assured. The j Polish diet also ratified the pacts. Our State department last week of- j flclally notified the secretariat of the League of Nations and 48 govern ments that the senate had voted for : adherence to the AVorld court. Copies of the reservations were enclosed in the letters. Department officials said they expected these reservations : would he accepted, although jurists of several European countries had fa vored their rejection. j \ ( i “C?TIPCE fighting for the control of A' Peking marks the progress of | j China’s civil war between the national ! armies, directed by Marshal Feng Yu hsiang, and that general’s opponents, who include Marshal Cluing Tao-lin of Manchuria and Marshal Wu. Pei-fu, who heads, a Hnoeh army. The names j and localities do not mean much to j . the average American reader, but the result of the conflict probably will fie 1 hat the government will fall into new hands. -r—'s MOROCCO the French and Span jL i-:h armies are preparing for a great edVnGvo by which they hope finally to crush the Killians. But Abd-el-Krim alert and already has started tlie ’aiding himself, attacking the French i Aid certain tribes that are unfriendly ■a Mm. Both sides toe -trying for stra il coitions from which to negotl •v.o yirace. 4. 'TICS in Chicago has reached a : .ge where it not only amuses the 4 of the country but in a vmy be af national interest. Strange 1 • ions of Republican factions LV«!g bitterly and one result has •n f request thttt congress investi - vii-vie conditions in the ITlinots \y.ll. s. Naturally, the Democrats Ipy and hopeful. ©oorge E. ■' n; the astute Democratic na- 1 rt nmitteeman from THinofs, has; 'd his candidacy for the sen t held by Mr. McKinley of An, and for which Frank | is a Republican contender he incumbent In the prima- Brennan says his platform two planks—modification of ead act to permit light wines end home rule for Chicago. ■ ing election, he says, will be a im in, Illinois on Volsteadism. ESENTATIVE HILL ofMary ’ was re-elected chairman of m icial committee of congress m< dification of the Volstead act •a a wok instructed to-uppoint a com n ittee of five, called a “temperance hoaidA’ to outline a program for the drys. ' fifiiis board will begin hearings on March 31, preliminary to drafting a bill for revision of the prohibition Dw AM rongrersmen and private citi zens will be given opportunity to ex t'resa their views on prohibition and its success or failure. THEODORE and Xermit Roosevelt have returned from their adven turous trip tp central and southern Asia, bringing back many fine speci mens of the animals which they went te get Theodore refused to talk poli tics when he landed in New York, but were indications that he j ,> a candidate for some office, •my a the governorship es the Lm .are state. the Chatham record administratrix notice Having qualified ac Administratrix of the estate of the late Charles G. Green, deceased, this is to notify all persons holding claims against the said estate to exhibit ‘ the.- same to Ve on or before the 26tb day of Feb ruary, 1927, or this notice will be pleaded in bar of their recovery. AU persons indebted to estate will make immediate settlement. This February . 26th, 1926. MRS. ANNIE GREEN, Adm. of he estate of Chas. G. Green, deceased, ■ iler & Barber, A tty*. March 4, 6tc. BRAVE YOUR EYES a BY AN EXPERT—COSTS NO D jj | j i I* Dr. J. C. Mann, the well knownH Hayesight Specialist and Cptician|| ||vvill be at Dr. Farrell’s office inji ♦♦Pittsboro, N. C., every fourth Tues-H ?! lay and at Dr. Thomas’ office, Si lei H’n each month. Headache relieved 2 wCity, N. C., every fourth Thursday p Hvvhon caused by eye strain. When|| fl’m fits you with glasses you hnvetf |t he satisfaction of knowing that ft A| hey are correct. Make a note o.|| H lie date and see him if your eyes If |f re weak. ti ♦|Ttis next visit to Pittsboro will In-f| on Tuesday, .Mdl 23 -is nexl visit to Siler City will he** g on Thursday, Mcb 25. | Ths Rainy ‘Day Will Come. it « j It is not safp to count upon fair weather all the time. The rainy dav is inevitable. Nor is it safe tp count, upon prosperity con mining. Even though you may not think you are doing well, you may do a worse, and may wisii wofully later that you haa saved a little xor the *$ rainy day when you were doing fairly well. Sickness may come, even death in the family. In such cases only a hundred dollars would prove a a boon. Begin saving this week and open a savings account with us. We not only keep your money safe but pay you compound interest upon it. I When Opportunity Knocks ♦♦ But if you do not have misfortune, if the rainy day should not come, you are preparing a nest egg from which to hatch a greater prosperity. A man must have capital cr credit to begin business 101 himseif. The habit of saving part of one’s earnings builds his credit and Uj tne same ;f time accumulates capital. Accordingly, when opportunity knocks, he is l* ' ready to open the door for it. • Saving is the only safe rule. The young man who does not save is { . started on a hard road. Begin now a,nd let us help you. g s * ‘ v • it s • ' I Tl Page Trust j - SILER CITY, N. C. is j. Q. SEAWELL, Cashier . SILER CITY, N. C. 7 . I For the 'piret Time *SOO Buys a Closed Car If y«ro phm to opend over SSOO F. O. B. Factory for an auto sKobtte, yvn earn £et the year-round comfort and conven ience of a Ford closed car. v The price advantage which the public enjoys in purchasing Ford cars is the result of volume production. In 1920, when the Ford Motor Company was producing approximately only a million care a year, the Ford Touring Car sold for $575. Today, wfth production on the basis of nearly two million care a year, the Tudor Sedan, a high quality all steel closed ear, can he purchased for $520—555 less than I I the Touring Oar sold for six years ago. Open car prices are correspondingly low. S While this program of price reduction has been carried on, j■ important refinements and improvements have been made in .Ford cars. The latest improvements include new and attractive body lines—a lower center of gravity, closed cars in color, all-steel bodies, new brakes and new style fenders. However, the basic features of Ford design have not been changed. Three point motor suspension, planetary trans- Jl mission, dual ignition system, torque tube drive, multiple disc-in-oil clutch, splash lubrication, thermo-syphon cool ing system—outstanding features of automobile design— have all been retained, regardless of cost. | i FORD MOTOR COMPANY, Detroit, Michigan § TOURING RUNABOIT ■ '3lO NEW PRICES— >290 I TUDOR SEDAN COUPE FOR.DOR SEDAN *520 *SOO '565 I Closed car prices include starter and demountable rims. All prices f. o. b. Detroit. “Ford Design Costs More to Build—ls Wortf® More— ’ | But Sells (or Less 9 9 s|l| fihaMnaii^ Proved safe by millions and prescribed by physicians fa Rheumatism Colds Neuritis Neuralgia Headache Pain Toothache Lumbago I DOES NOT AFFECT THE HEAR?! Miurmi—ißiifciiTr.~arnnunfmiti ■■mninr r iii^inaKrrßjareramr.■■ Accept only “Bayer” pack Ja which contains proven directioS V Handy “Bayer” boxe3 of 12 fg^ * ($ Also bottles of 24 and 100—Dram;-.. Aspirin is the trad® mark of Bayer Manufacture of Uonoacoticacidcsu-r of Sa!;r
The Chatham Record (Pittsboro, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
March 11, 1926, edition 1
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