North Carolina Newspapers

THE SUNDAY CITIZEN, JUNE 22, 1913. Balkan Middy Blouses 98c A wonderful assortment of summer shirt waists. AH the newer model represented from the strictly tail ored to the more trim med styles Sie- 44. Valuea up to $1.75 ... -98c B "R11cati "RImira. twn-mWfi dresses, in white.' trimmed with red -Tan with light blue ft A AQ and tan with Turkey . These are reg-JJJ() iiuar jpt.w vaiues ........ i ...... .j. ChUdren's Dresses on Special Sale 3tl. plies -14 yeara f These are worth ip to 11.21 for ft la few days ..' Lo t 2. SUes (-14 years. Values up to $1.60. On sale for a few days at , 98c Lot 3. Sizes (-14 years. Made of good quality material up to $2.71 values Ratine Dresses Wa are displaying a complete range, of dresses in every rood color and model. $4.98 to $10 White Wash Skirts 98c Smiething really, nifty in men's wash ties of fibre silk white with center de signs in panel effect; 35c Values . . . . . . . .: v Men's King Quality Oxfords 800 pairs of last season's oxfords In Tan, Vlci, Gun Metal and Patent Leathers; all shapes, but large sizes only. A good thing for every day wear. Regular 13.50 and $4 seller. Now , $138 Peanut Straw, Hats $1.98 Khaki Skirts 98c. Riding Skirts $3.98 iiS "THE STORE THAT SAVES YOU MONEY" EiuNf avsr - I fill II I Hfll IIIMWMIMMMiislMMMssii MMiMiC'M IHl nil III mill i ll I ill I SUMMER NECESSITIES PEERLESS AND FREZO ICE CREAM FREEZERS 1 QUART TO 2 GALLON SIZE S1.00 ON UP TO $4.75 REFRIGERATORS Prograss (met.) $11 up. The Eskimo $8 to $35 Ice Boxes $5.00 and up. Hammocks $1 and up BEAUMONT FURNITURE CO, 27 S. Main St. "The Home of Furniture Values." FAi id DHHiSSIDI 15 mwwm GABY Government Furnished Spe cial Train For Accomo dation of the Visitors. RURAL CREDITS AN INTERESTING TOPIC Government Has Built Up Fairly Good System For The Farmer. INTERESTING TO FARMKRS. : . . The Ashevllle Citizen will print from time to time cable stories from the American Com f mission on Agricultural Co-op- f eration, which body. Is now -f f making a tour of Europe. North -f Carolina has two members on the commission named by Gov- ernor Craig. The com-mlssion will make a close study of co-operative ag- f ricuitural banking and market- lng In fourteen European coun- tries and the letters should prove of great Interest to the readers of this paper. (Special Correspondence to Ashevllle Citizen.) The BUDAPEST, Hungary, June 18. In a special train provided by tlho Hungarian government the American Commission on Agricultural Co-operation was brought here from Flume, the principal Hungarian sea port. The agriculture of Hungary lacks the extreme lntensiveness which was so marked In Italy, probably because of lnsufflciant labor. Rural Hun gary more closely resembles rural America than any other country of Europe. In many years past Hungary, like the United States, reisrrted to for eign Immigration to Increase h-r populajjon. But wars and tho too rapid Increase of foreign peopie.i prevented' any assimilation and today in Hungary there are Magyars, Ger mans, Slovaks, Roumanians, Ruthe nians, Croats, Servians, Saxons and what not, all clinging to their lan guages and fighting against race ex tinction. In , every attempt made to further the. agricultural Interests of the country these conditions had to be taken Into consideration. The bin estates owned by the nobility com plicated the matters. The serfs were given their freedmon Just at the time when the landed nobility was finan cially in tho worst condition. Agricultural Credits. But despite thaso handicaps the Hungarian government has constru cted a system of agricultural credit both for mortgage loans and for short time credit needs of the farm ers which has proven of the greatest value. Government aid has played an Important part in the work. The mortgage credit institutions of Hungary are neither purely co-operative nor strickly private. Tho oldest and, most important mortgago bank of Hungary Is the Hungarian Mortgage Institute, founded In 1863. The government contrtbuted S200.000 of the capital stock of the company and tho balance was subscribed by ."foundere" who, however, wero only required to pay 10 per cent of thf amount of the stock for which they subscribed. These founders receive a dividend limited to 5 per cent of their subscriptions. Hcsldes ! the founders, every landowner who placed a mortgage with the, bank Is a member of the bank. Only mort gagors who have a mortgage Indebt edness to the bank of at letst 1 20. 000 have any personal voice In the affairs of the ank. The other mem bers may elect representatives to the general meeting. Of course as soon as a farmer's mortKaKe expires his membership In the bank ends. Founders In Control. Under this form of organisation the Hungarians attempted to secure the co-operative principle, of rep resentation of the bufniwtng farmers, while at the same time placing the greater part of the power In the hands of the founders. Only the founders have the power to elect tho president and board of control. The management has fal len Into the hands of a few men who, however, have so managed Its af fairs for the public good that it has satiafactortly met the mortgage de mands of Hungarian landowners. The process of securing money to lend' landowners Is that of selling bonds equal In amount to the mort gages placed with the bank and se cured by the mortgages, and, sec ondly, by the capital and reserve funds of the bank, Tho failure of the Hungarian Land Mortgage Institute to meet de mands of small farmers led to organ ization of the Hungarian National Small Holdings Mortgage (Institute, upon lines similar tot the Hungarian Land Mortgage Institute, but with the provision In Its charter that It shonld noti grant loans to large land owners until tho demands of small owners had been satisifed. This bank also grants loans to peasant farmers when a big estate Is sub divided among many holders. Mor tgage loans are granted for only B0 per cent of the value of the land In Hungary, but it has been found that when any big estate is su'b-dl-vided, the income from the land Is so Increased that It Is entirely sate to loan up to two-thirds of the val ue. In this way the peasant farm era are aided to buy big estates. Mortgage System. One fact of special interest to the American commission was developed In its study of the Hungarian mor tgage system. . It i frequently the practice for banks of deposit to loan money on mortgages, and to turn these mortgages over to the mortgage banks, who in turn lustie bonds based upon tho mortgages. In such Instan ces the bank of deposit appraises the property, makes the loan, guar antees the mortgage which it turns over to the mortgage bank, and of ten collects the payments of Interest and principal. For this service the mortgage bank allows the local local bank a smalUpercentage. Personal credit of Hungarian far mers is granted through co-operative societies which are united In the Hun garian Central Credit Co-operative society. Tho principal lesson to the American commission from Its study of these banks was In the value of a concentration of the credit re serves, that Is through the Central Society, the weaker local societies in times of stress could draw support, first, from stronger local societies, and then from the Austro-Hungari-an Bank. AH of the local societies deposit their surplus funds with tho Central Society, which lends to oth er societies in need of funds. Americana See Expert. Experts from the government and from the institutions appeared before the American commission to give tes timony as to the operations of these systems of agricultural credit. The Commission was taken around Buda pest to Investigate all of the Institu tions, and several pamphlets were prepared by the government for the special guidance of the Americans. Two official banquets were tended ed the Commission during Its stay In Budapest at which Dr. Clarence J. Owens, Managing Director of tho Southern Commercial Congress, Which organized the Commission ap pointed by President Wilson, spoke. PILES CURED AT HOME BY NEW ABSORPTION METHOD If you suffer from bleeding. Itch ing, blind or protruding Piles, send me your addrcB.i. and I will tell you how to cure yourself at homo by tho new absorption treatment; and will also send some of this horns treatment free fur trial, with refer ences from your own locality If re quested. Immediate relief and per manent cure assured. Rend no mon ey, but tell others of this offer. Write today to Mrs. M. Summers, Box P, Notre Dame, Ind. CARRIAGES GO-CARTS LI SULKIES A large and carefully selected line at a wide range of prices. See Window Display. . .. . Collapsible GO-CART Like Illustration $5.00 . SPKCIAIi OUT PRICES W have several high grade carts left over from last season that we will close out at bait prloe for cash. ' REED CARRIAGES Reed carriages in natural shellac and brown, with, woven hood tops, heavy, durable, rubbor tires. Upholstered good quality ma terial. $15 ON UP TO $35 This handsome, riclrlook ing reed carriage," just like picture, $20 FOLDING CARTS Easy, light-running, comfortable, folding carts, made of 3-ply ve neer, with adjustable reclining backs. Just like picture, $2.75 SIDEWALK SULKIES $2.00 to $6.90 J. L. SMATHERS & SONS Mammoth Furniture Store, 15-17 N. Mala St. BREVARD , BREVARD, Juno .1. (Special.) Mr. W. C. Cleveland, of Greenville, a O., accompanied by Messrs. D. t. and H. F. Little, of Spartanburg, & C, spent several days at tho Frank lin hotel this week, en route to Lake Toxaway on a fishing tnip. Mr. and Mra B. H. (Jeer, who wore married in Washington, P. O., last Thursday, are spending part of their honeymoon at the Franklin hotel From hero they will visit other re sorts In western North Carolina, be fore returning to Washington. Mr. Geer Is an ensign In tho U. & navy. Mr. and Mr. J. W. Kllmoro, of Chicago, who are spending some time at Arlington wont to Lake Toxaway Wednesday. Mrs. R. II. Dillingham and daughter Miss Llanyd Marco, of Boston, Mass., are guests of Mrs. a. C Witmer, near Brevard. ! ' ! Wednesday night Mrs. Ci. C. Wit mer gave a moonlight plenlej for her house guests at Glen can no falla There were fourteen In the party who left Brevard about Ave o'clocx, returning by moonlight. They were chaperoned by Mrs. Witmer and Mrs. Dillingham. Mrs. O. I- Krwin and daughters. Misses Louise, Irene and Kathleen were visitors to Lake Toxaway on Wednesday. Miss Susie Carter has returned to her home in Ashevllle, after spending the" winter at the home of Mrs. Henry Pecke Clarke at "Rockbrook." Mr. A. B. Cain and family of At lanta, spent several days here during the past week. They will probably later spend a 'month or two hero. Mr. and Mr a D, O. Ward were visi tors to Ashevllle this week. Mr. and Mra Henry Nash Carrier are at present In New York. After spending soma time In tho metropolis they will fo to Bridgeport, Conn., where Mrs, Carrier will be an atten dant at the marriage of her cousin, Mia Mildred Rennell, who is pleas antly remembered by friends hers! having been a bridesmaid at tho wed ding of Mrs. Carrier on April 10th. Miss Myrtle Darts spont Sunday In Spartanburg with homo folka Mr. and Mm Joseph A Grant, of Ensley. Ala., arrived In Brevard Thursday and will be the rueeU of Mra A. A. Chapman for two or three week. Mine Ellsa C Arlington Wallls la sx pecter homo on Monday, after a most delightful visit with her uncle at the Seminary, In Virginia. Mr. A. Stafford NasTi, a prominent railroad man of Atlanta, is spending a while at the Franklin hotel. Attend chtiroh Sunday. Shop early Monday. Advt-ll TO nONOR nCGEXOTS. NEW ROCHHLLE, N. V., June 10. The Hugenot association and the city of New Rochelle have completed preparations for the biggest celebra tion ever held In Westchester county next week, to mark the 126th annl- MORPHINE Iiqnor and Tobacco Addlotlou Cured WlUila Tea Day by our . New ralnlosa Method. . , Only Sanitarium In th4Wortd Girln Unconditional UuSjnt, Our guarantee means someVJngr Not ono dollar need be raid ntll a) satisfactory cure hat been efJeoted.' We control completely tho usual withdrawal symptoms. No artresnsj nervousness, aching of lltmba, or losao sleep. Patients unable to visit santtas lum can be treated privately at home. References: ' Union Bank True, Co., the American National Bank, on any clt.lsen of Lebanon. Write tor Free Booklet No. 1. Address , CrMIHuIlLANO 8.VMT VltTTM F. 3. Sanders, Mgr. Lebanon, Tfjnn. venary of tho settlement of New Rochelle by the French Iluguenof refugees from La Rochelle, France The program provides for anniversary; exercises, parades and land and wai ter pageants. A leading feature will be the unveJUng of a statue of Jacob) Lslsler, who, when governor of tho; colony of New York, bought for tha Huguenots the 8,000 acres of lanr that constitute Nsw Rochelle. . ' Sunday turn over new leaf, TMk solve early shopping,. Advt-lf L&W. Shirts tff Boyer Retnrned-S hoes Coming h iaily Ladies Silk Hose Ql7e W P I) R Ladies' Satin Even ing Slippers, $3 and $4.00 values, $1.98 Ladies Oxfords All styles, -all- leathers. Sold everywhere for $3.50 to $5.00. Our price, I K 1 A $1.48 $2.18 $L98 id""1"!, '-' SPECIAL Men 's $4, $5 " and $6 Ox fords, in all leathers and all styles, . 1,000 PAIRS CHIL DREN'S OXFORDS. ALL STYLES, ALL LEATHERS. Sizes 3 to 8 69c Sizes 8 to 11 98c Sizes II to 2 $1.48 Since advertising the Parcel Post sys tem we have sent lots of shoes to .various parts of the state.' Simply state your size, style and leath er wanted and we will mail the shoes pre paid. Send P. O. money order or cur rency to the Parcel Post?Dept. of Globe Sample Co.f 1 14 So. Main St,