Newspapers / The Times-News (Hendersonville, N.C.) / April 4, 1919, edition 1 / Page 2
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i L...J. fsatai ( t! f thu.; li thru' t...J... ... ; .Ji favor i, . rit of t . ''jwii?;r .Site;-, ,...::, r i i&th- mm l':k. ' i 1 4 ffSMES : ; :9i j Ufeowce FOREST, f .nV.i' , l ''KB ;Jjf m It is the Wealth of This Great ' Country Somewhere Near Hundred and Fifty Billions of Dollars. . How many holders of "Libertyi" realise fully the security that is back of that property they own? It Is th wealth of the richest na tion of the earth. Here's but a fiance at what that wealth comprises. - With 6 per cent of the population .and 7 per eent world's land America owns world's of the of the world supplies: " ,'f tO per cent of the copper. .Ml per cent of the coal. 20per cent of the fold. 66 per cent of the oil. ; W per cent of the iron and steeL n 83 per cent of the silver. - 60 per cent of the cotton. 25 per cent of the wheat - 60 per cent of the corn. 30 per cent of the meat supplies. Other mineral and agricultural pro ducts in proportion. Today Europe owes us 110,000,000 000; four years ago we owed her near ly half that i Lastly our annual income, that of all the people and industries, is today something like $70,000,000,000 annual ly and our national wealth close to $350,000,000,000. Don't sell your government securi ties. They will mean more to yon by and-by. Which Road Are mi- tmam mmtryer.' ccrs v There are two rods iu life. One leads to a juagmlre of noth ingness. The other leidn to success. Both are lined with flgn" posts X ..to show the weary traveler In which' direction he is moving. ;t But X many people go along, their eyes on the skies, on the grocad, or un seeing in dream Uid, never noticing that they are advaaing on the ; wfong highway. Do you know which road you are trdvelin g , ffere . X t are the sign floats. The end of end of the other will find you with funds for a sunny opportunity with War Savings Stamps and Liberty Bonds working , for ' you at over 4 interest c ; . Spendthrift Road. "This ia on ime." , "One more of th sama,1 . "Lend ime flye. v ,; Charge thl-. "Here, boy.", ' S "Whera do we go from here?' ("Let's nave another ronnd. "Ton can go home any time.". "Tour money's no good. ' ' "I can't, be bothered, with ' '1 Ltr't:n ' i t' ft C 1" ... . . -. A J . . i , ., . . . I . . J 1 . : ii - Between Twenty and Twenty Fiye Million Bond Buyers Take Billions In Short Periods. PessimisU who shake their heads ind join the eHoras of "I dunao" boys it the prospect of floating a fifth Lib erty Loan in April are administered a knock-out by figures which hare re cently been compiled by officials of the Treasury Department at Wash ington. The figures giro an idea of Jnst how big an appetite lor safe Investment this country has attained in tta war year. Some of the more striking of the figures referred to fsMuwH A bond market which had less than 800,000 customers two yean ago had at the -dose of 1018 between JO.OOO, 000 and 25,000,000 buyers. The' army of buyers absorbed $11,156,566,880 worth of bonds in Liberty Bonds aloha In 1818. In tiie two years of tba war count ing the first and second Liberty Loans which were'noatod In 1817 these bond buyers digested a total of $16,974,329,850 in Liberty, bonds. This healthy condition of the bond market is explained, perhaps, by the fact that the entire indebtedness of the . United States today amounts to slightly less than 7 per cent of the estimated national wealth. The na tional debt amounts to only about $170 per capita. 4 Some of the national bto are: Great Britain, 44.3 per cent cent of national wealth or $360 per capita; France, 41.25 per cent .'of national wealth or $296.90 per capita; Austria, 84.66 per cent of national wealth or $242.90 per capita ;and Germany, J8.7 per cent of national wealth or $505.90 per capita... . . II These figures on Germany are ex clusive of the ninth twar loan, accu rate return-, of which never were had, and in the cases of both Austria and Germany no account is taken of any indemnities which those nations will hate to pay. You Traveling? one will find you empty-handed, iTlw Thrift RW . ; ' "What is the price of thur t "One win o." j. i '. The walk will do me good. "No, thank yott," y . ; can't afford that" "Give me your best prica.',"." TH earrycthls" t . ; S - "I promlseoTmy wife.,' , ' ' I ; , 1 need the money 1 , 3,""Letmepaymy!:.re." "I can get along w: " . 1 1 : ,.ni rt it m 1 1 i iv . Ts it wVft errxr v - "A penn." is as znr 1 ! ry foclret" , , ' "This- Is Lt I've g ;.r cy ntji?T." . ' ?.! "i c' i, ti't t: r j r, r i i ti t tion of ti t . loyes vx . It able ba&a and . otherwi g them and improve thc'r t con ditions, to the end that x of the' service o which tl.i.: a ;j now universal complaint may be r ' jd to the highest possible 'stand. 1. We shall oppose a constinuance cf the present autocratic and despotic .con' trol of the telegraph and telephones, and favor their return to their own ers,' subject to the regulation' pf the people in the, local communities, or of the interstate commerce commis sion as M interstate traffic, .as pre scribed by law."; . ' t r So .'said Representative : .Halvor Steenerson, of Minnesota , the t new chairman of the house committee on postoffiees and post roads.' Full of vim and energy, several inches over six feet in height and built in propor tion,' .he ' is . preparing to1 devote all his strength, in conjunction with the other members of the committee; to cleaning up the Postoffice Depart ment as administered by Postmaster General Burleson. He is particularly anxious that the telephone and tele graph companies shall not be used for political purposes which must fee paid for by the taxpayers. The 'Postal Telegraph Company formerly: aad a net annual income of , $12,000,000. Burleson reduced it to ; $4,000,000. The government guaranteed', the dividends of both it and the ' Western Union and then increased operating costs to such an extent that a deficit will have to be paid by Congress, In view of the fact that the Postoffice Department is handling hundreds of millions of dollars of receipts of both the telephone and telegraph compan ies, without restraint or authority of Congress, it is likely that during the new session, to be called before sum mer, a thorough inquiry win be in stituted to determine just what auto cratic methods were pursued by Burleson and just what caused paying companies under private control to meet with a large deficit under pub lic ownership. In an effort to make up this shortage the department in creased long distance telephone rates, but this is said to have had a dis appointing effect, for the reason that the higher rates caused the number of calls to fall off enormously?: It i Steenerson's intention also to prevent further unfair, discrimination ;;'ln the Postoffice Department. SALVATION ARMY TO LAUNCH FUND CAMPAIGN , . ,..-! ' . .:t fiift The Salvation' Army will have a national campaign in .May to raise funds with Which to continue their activities in this country. The cam paign will be designated as .the "Home Service Fund" campaign. They point with pride to the wrk their organization ; has , done abroad and locally in the past, and cblim that the Salvation Army has come In to its own, but that with its popular ity came : responsibilities. . They point out that , during this period of readjustment . their organization Is called on to supply food and lodging to thousands of our boys who are now unfortunately in the ranks -of the unemployed.' Due to the lessen ing of activities in commercial lines many civilians are thrown out of employment, and are looked after by the Salvation Army, it is said. The amy says that it rescues hundreds of girls every week. ; , 'i It is a fact that the Salvation Army keeps a class' of people that no ' i other v religious organization reaches. They are doing a splendid Dr. H. H. Carson Dentist ? Office over ff. Patterson'V Hani street, HendersonviDe, N. C i 1 . 1111 1111 i ; Br.y. L2:.iLf.:: S'jcce::cr Cr. Tr.T.WtJiac .r i. ALOUT TllZ ' The National Republican.). Two United States Senators, reprn. sennng iu,uuu,ooo people, James W; Wadsworth, Jr., and ' William II. Calder of New York, speaking before the Brooklyn -Chamber of Commerce, denounced the "proposed constitution for league of nations as thorouly ted States and. as subversive of the rule of the people In any land. Sena tor Wadsworth confined his address to a discussion ol the ' points of the Wilson plan which most affect this country the article touching on the Monroe- doctrine .and ..the guarantee oi lerntonai oounaanes xo be s- tablished V by the peace conference aenator calder emphasized the im perative need for a special'session, of congress. - t , , , , Arthur Canner. Rennblican Senator from Kansas has written to. Senators Knox. Lodee and Borah.", leaders ; of the ' Republican opposition , to the league covenant strongly command ing their speeches on the subject, and stating that Unpeople of Kansas are not in favor of the proposed instru ment.' As ' Senator, Capper is also president of . the Kansas branch, of the league to enforce peace, his re fusal to approve.the Wilson program is of special, significance. - Senator Capper is against the league cove nant.; ; v;-v , i ji, i- .' Four more Senators! renresentino- the agricultural interests in the mid dle vest, are lining up against the league of nations covenant as now drawn. These Senators are Kenyon, Iowa:' Gronna. North DaW Kellogg, Minnesota, and .Norris, Ne braska. The first announcement' of his stand was made by Senator Ken yon in an address at Fort Dodge, la., and it was followed by statements from the three other Senators. These announcements are of particular im portance because they : have . come from ..men who purposely reserved judgment until they had heard 'from their constituents. Senator Kenyon went out to hia State and, got thor oughly in touch with home sentiment Now he is emphatically against the league. Senator Kellogg was inclined to favor the league plan. He got in touch with his constituents and now he is emphatically against it 1 Vi William H. Taft has been chat lenged by Leslie M. Shaw, former secretary of the treaanrv. to dthnt the proposed constitution of ' the league or nauons in any tit of the east or west, i it was announced by Henry A, , Wise Wood, who said" he had been authorized by Mr., Shav to issue. the challenge. . , The l Japanese Ambassador. ' Vi. count Ishii, in a speech in New York of great international and diplomatic significance, confirmed the warning uttered by Count Okuma., last of the fenro 6t "elder : statesmeni" that span would demand . removal of race discrimination as a condition of her joining the league of nations.' In the face ef such; a plain and unmis takable intimation of Japan's deter mination to Insist; upon this point, the assertion by advocates ; oi l the league that immigration is a domestic question falls to the ground. , , JUDGE FRANK CARTER . . DEFINES POLITICS Judge Frank Carter, in his Carter's Weekly, published at Albemarle, asks the question: "What's the matter with politics?" and then nroceeds- to da- liverr himself- in the following Carter- esque essay on the differentiation be tween politician and statesman : , , 4 -"Politics has been variously de fined as 'the science of 'exigencies,' as 'a deleterious profession, like some poisonous handicrafts,' as 'a system atic organization of hatreds.' Dis raeli, the most daring plunger of the Victorian era of British utMinrntt.. said, 'There is no gambling like po- its highest note of clasaie diction and epigrammatic : force in r the bitter phrase of a North Carolina congress man, 'As sure as they air a God, poli tics air a eon-ebitch.' ' " , r "What is the mater with noliticsr "In the abstract, it is the noblest or sciences,. because exclusively con cerned with human welfare. It is wa s earuuy Kingaom, vol ; liberty; justice and mercv? r In the concrat. it is ambition puffed up with vanity, stuffed with sreed. envenomed wiA jealousy and hate. It is" the exploits' tion of virtue, the capitalization pf vice. 1 1 It is the market-place where privilege traffics in the slaves of selfish passion. ' It is the witches' caldron, of cowardice, cunning and cupidity, of lies and deceitsof all human weak nesses and turpitudes out of which issues the' devil's brew of ominf t--j. . . rrt Jand what is the explanation of this vicious paradox! "The answer is infinitely Involved, but some of the causes are nlain to see. , As a gainful pursuit, politics makes the inevifible repeal to cupid ity. ., As a-ptjl.I.c frvice-it stirs all tae 8rr;"?s of a-' ..n. ,se1sue 1 rars'j rr" t ,ir favor, it ev- ,.r- i, c. deces, y. i.tae 13 J -ver la cy t!. f ' 3 cf i-.t 3 3 f -r f e f-..? ell1 1 1 "'3 ocrl -i - i 1 -rf r i'l.l C. t J ; 3 r'-ot i-"on t ' V c 1 1 t 1 1- 1 .iA, J tl.e cou., .y. e . ""tive . holuin? Pl .. . j t of politics t t' i I t 1 ; the -best to 1 j ' s 1 : "it i the heart-lr . tf l,o:.. t'j'. J.s e r vice. And r ' r y there be ia 'every official rank v.Lo have entered pubKc life in responre to this: high call Such souls are but strengthened and purified by the temptations that beat upon them ' Government, nations), state and local, still is Berved by, a noble breed." , 4 ,.',- i i'WanU to be Shown' V ; : - .Upon the foregoing the XJreensboro , ' ,. ', , r ' " .' PJE? ) Our big lot of , are Plant a garden, watch them grow and fill your table , WE HAVE Onion Sets. Maine grown Irish Potatoes. Flower and Field seeds in bulk or paper unter's . , EVERYTHING - - ' ELECTRIC LINE CORNER E ; TtieM&n vith"Moiey hides his Valuables' in 'Our Safety Deposit " Vaults where they HM.j.:' ore or IJey ncct of Stcd Ccn: in and ret , 3.; vV-- ni uij v.:i . .1 ev::? ( j f f ' !i) t' 3 J 1 .,. ' 'i.l l.!s 'fckiVt t , ! 1 tllo -c"3 for t t 1 t -1 v -r ' 1 rsve nor down. Iu would s':;o be in 'order for him to rr-.e "i.e Lr-veit anJ t ' e best who have : "dared tl a 1 srd ' 7 i and the hert-break of t-'zt 1 , V.-c service" "t'le many who lma t 1 r"i pub lie hfe in renponse to t' 3 1 it IV jje mm name me men ona 1 a rpo- pie 'will teroceed to build t .e-a m ' monument and, put enJareed.rhoto-' graphs of them in the Hall of Fame. S2SEDS it "f . ' Iff Jl 1 f 1 1 4 in ALL KINDS IN DRUGS : v . . , ' HENDERSONVILUL N. C ,::.i are; 1717 AD - - , burglars. i. 1 1 . 1 Boiici jitiiictallcd ycura befcro l!:cy iw.-4.i, ;. - t s , 1 1. t 4 i n l- 'J Pharmacy s 1 1 J 4 i M . i if. 1 ? ' w 'If ; 1 U 1 v , i i frera.
The Times-News (Hendersonville, N.C.)
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April 4, 1919, edition 1
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