Newspapers / Oxford Public Ledger (Oxford, … / Feb. 18, 1921, edition 1 / Page 1
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PUBLISHED SEMI-WEElCT , , " plATE LIBRA -T noTJNTY OFFER BRILLIANT OPPORTUNITIES-AIL HOME PRINT. (X) VOL. XXXVI yXCll INTEREST MANIFESTED ; 1 THE TOBACCO GROWERS' j MEETING HERE NEXT MONDAY To Be Held In tne court House At 1 Xoon Dr. Joyner Will Address j the Meeting Farmers Are Anxi- I (His To Sign Pledges. : The tobacco growers' meeting to be held in the court house next Mon day at noon will be one of the lar gest and most enthusiastic gathering of farmers ever held here. J)r. Joyner, who will 'address the meet ing, is a power in the land. After lis had finished speaking in Hender son last Monday there was a, rush to sign the pledge. The same thing will occur here next Monday when he finishes speaking. Referring to the meeting in Henderson last Mon day, the Daily Dispatch says: "Tobacco growers of Vance coun ty who heard Dr. J. Y.Joyner, State president discuss the cooperative marketing plan at the court house here yesterday afternoon, rushed to sign the pledge to cooperate, with the result that approximately fifty enrolled in the plan immediately fol lowing the meeting. An ' intensive campaign was launched at that time to enroll all the growers in the coun try, and organizers and men who will canvass the county in the inter ests of the movement have been brought here for the purpose of call ing upon the farmers and explaining to them the real situation. The rmirt. house was packed, and the men listened attentively at the ex- Planation of the. marketing plan as outlined by Dr. Joyner. "A series of meetings have , been planned this week for the purpose of meeting the farmers in all parts of the county, including the colored farmers-" TWO GRANVILLE COUNTY THIEVES CAPTURED IN RALEIGH E. C Smith and J. M. Bailey Charged With Tfreft Of Car and Carrying Concealed Weapons. Two Granville county men, charg ed with the theft of a car at Four Oaks a few weeks ago, were arrested in Raleigh last Sunday. Speaking of the incident the News and Obser ver says: "The stolen car recovered was the property of Mr. Hugh Adams, pi Four Oaks, and had been missing for several weeks. E. C- Smith and J. M. Bailey, who stated they were from Granville county, were arrested for larceny of an automobile, and Bailey is charged with carrying a concealed weapon. "The machine was identified yes terday afternoon by Messrs. Fred G. Kimel and Roy Smith, of the Caroli na Cadillac Company, while on Hills boro street. The young men imme diately notified Motorcycle Officer C L. Strickland, and the trio started in pursuit in another automobile. The car was traced to a church in New Light township and Of-ficer Strickland arrested the two men and seized the machine. Search of Bai ley revealed an army revolver. Mr. Adams was later notified of the re covery of the car and the machine was returned to him after he had i dentified it. A reward of $150 for its recovery was divided between Messrs. Smith, Kimel and Strickland-" LOXGMIRE IS HELD ON LARCENY CHARGE He Will Be Taken To Jctfrnston Coun ty For Hearing. (News and Observer) Albert Longmire, of Creedmoor, alias C E. Smith, is in the Wake county jail to await his appearance before justice J. E. Owens on a charge of larceny of two bales of cot ton from Mr. T. Piper, of Barton's Creek township. The man was ar rested Sunday by Officer Strickland, of the police department, in New Light township, in an automobile that was stolen several weeks ago from Mr. Hugh Adams, of Four Oaks. A witness who yesterday identified the prisoner told officers his name was Albert Longmire, and not Smith. Following disposition of the lar ceny charge, Longmire is to be taken to Johnson county to answer to char ges of larceny of the machine be longing to Mr. Adams and of the Ford which was being used to haul the other bale of cotton. He was turned over to the county authorities under a warrant charging him with larceny of the cotton. COMMITTEE KILLS PRIVATE VOTING The Clement Measure Gets Unfavor rable Report. Despite the pleadings of J. W Tiailey, Dr. Clarence Poe, Dr. Mary -Martin Sloop and Miss Elizabeth Kel ly, the House Committee on Election laws turned a deaf ear to the Cle ment bill Tuesday to provide for pri vacy in voting in North Carolina, and reported the measure unfavorably, the count standing eight to four. The measure, drawn by the Lea gue of Women voters, provided that all ppersons should take their bah lots and go alone with them to the voting booth and there mark them as their desires instructed them. Penalties were provided for any who offered ballots to any voter, or urged the support of any candidate or tick et at the polls- Your battery should have water Rbout every two weeks. Stop at Wil lard Service Station. OXFORD BUSINESS MEN GATHER j AT BANQUET TABLE AND PLAN FOR GREATER THINGS The Many Things That Oxford and Granville County Should Enjoy Were Discussed From a Standpoint Of Mutual Helpfulness. 1 Starting at a date forty years ago when Mr. R. W. Lassiter was mayor of Oxford and when there were step ing stones across the street in front of the court house, the activities of Oxford were discussed down to the present day at the . banquet of the Chamber of Commerce and Merchants Association in Armory Hall last night. Every phase of the past, pre sent and future of the town was dis cussed in. a most pleasing style by eloquent speakers- The speaker of the evening was Dr. . D. D. Garrell, Dean of the the School of Commerce, University of North Carolina, who spoke of the wonderful resources of the State and laid at our own door many things to consider and grasp while the iron is hot. Good Road Judge Graham struck the key note of the situation when he outlined a system of good roads for ( the State and county that would put us in close touch with communities a hundred miles distant. He told what a won derful thing the system of roads in Maryland is to Baltimore. Where good roads predominate, declared Judge Graham, the farming element is nappy, ongtix ana prosperous, asked the Chamber of Commerce to appoint a committee to go down to Raleigh and work for the interest of good roads. Less Acreage Dr. E. T. White, president of the Granville County Tobacco Grower's Association, in a powerful appeal, ad vocated a decreased acreage of to bacco and a system of cooperative marketing. He outlined the tobacco situation at home and abroad and declared that a decreased acreage is imperative. There was a note or "God bless the farmer" all through his speech, and he. was able to prom- Use tnem Deuer prices, p'w and contentment next year it tney adhere to the rules of the; Tobacco Grower's Association and put in their spare time raising home supplies. "Ancient History" "The cry of hard times is ancient history, and I am glad of it," said M. H. G. Cooper- "We must have manufacturing plants, but we, must walk hand in hand with-the farmers; their success is our success; prosper ity and contentment follows in the wake of an intelligent and industrous citizenship; turn your face to the rising sun and greet the new order of things willingly and cheerfully," were some of the mighty utterances of Col. Cooper. Appetizing Supper. A real supper, such as healthy men enjay, was prepared and served by a committee of the Home Economic De partment of the Oxford Womans' Club, .under the supervision of its chairman, Mrs. W. D. Bryan. The menu: Grape fruit ' Turkey, celery, cranberry sauce, boiled ham, candied sweet potatoes, creamed Irish potatoes, hot rolls, . pickles, coffee Blocked cream, cake Cigars, cigarettes Subjects Discussed. Mr. Andrew Jamieson, president of the Chamber of Commerce, presided over the meeting,, and Mr. B. K. Las siter was the toastmaster, who intro duced Dr. Carreil, the speaker of the evening and then called upon the fol lowing speakers: The World Will Continue to Exist Hon D. G- Brummitt- Business Must Move Along Mr. J. W. Horner. What Is Happening Now Has Hap pened Before Dr. E. T. White. Men Must Hope Rev. S. R. Og- lesby. There Can Be No Progress or Pros- perity Founded on Gloom Mr. B. K. Lassiter. . " ' Those Who Are Well Must Help the Sick Rev. R. C- Craven.. Those Who Have and To Spare Must Help Those Who Have Not Dr. J.. D. Harte. An Ounce of Good Cheer Goes Far ther Than abound of Commiseration Gen. B. S. Royster. On United Effort Col. H. G. Coop er, A. A. Hicks, Judge A. W. Graham, Mayor T. G. Stem, C. S. Garman, A. H. Powell, J. F. Webb. The two distinguished visitors pre sent were Judge J. L. Horton, of Pitt county, who is holding court here, and Hon. S. M. Gattis, of Hills boro, solicitor of this district. These two gentlemen spoke of the beauty of Oxford, it ten to tne lot oi mr. a. H. Powell to thank the ladies for the elegant spread, and his remarks were greeted with applause. Those Present. W. H. Upchurch, J. J. Clark, J. H. L. Myers, Lyon Drug Co., Represen tative, Oxford Jewelry Co., Repre sentative, B. F. Taylor, W. T. Yancey, R. Kennon Taylor, D. G. Brummitt, E. B. Howard, J. W. Hester, . J. Tom Daniel, D. C Sloan, W- B. Ballou, o H. Prichard, C. S. Garman, B. 6. Royster, C O. Mainor, B. K. Lassiter, H. T. Osborn, M- A. Maydanis, J. J. Jones, John Webb. C W. Bryan, D. A. Coble. D. K. Taylor, Frank B- BlaT lock, R. M. Currin, R. M. Ray, RL; Brown, L." B. Fleming, A. A. Hicks, oxford; n; Friday, February is, 1921 THE WEALTH OF HARDING'S CABINET PUT AT SIXTY- FOUR MHjLIOON DOLLARS j Hughes Is Quoted As Being Worth Only. $500,000 Will - H. Hays Is a Poor Man. . A special from Washington says: Members of Congress have come to the realization, following publication by The World, of the financial inter teress of Andrew W. Mellon, tnat President-elect Harding's Cabinet will be composed in large part by millionaires or exceptionally rich men. The Cabinet was discussed in the cloak rooms tolay, especially by Democratic members, who have watched with interest Mr. Harding's selections. " The wealth of the various men se lected or under consideration was discussed. The totals, which of course were guesses, that were given of the approximate wealth owned or directly controlled by the men in line for Cabinet places, ran as fol lows: " Charles Evans Hughes . . $500,000 Andrew .W. Mellon 500,000,000 -- 1 ttt ' ttt i t r e r r i John W. Weeks 5,000,000 Harry M. Daugherty . Will H. Hays Frank O. Low den . . Albert B. Fail . ... Henry C. Walace . . John Hays Hammond 1,000,000 60,000 75,000,000 2,000,00 500,000 20,000,000 Tfjjtal . $604,000,000 President Wilson's Cabinet includ ed two millionaires, A. S.J Burleson and John Braton Payne. WALLS OF THE OLD ; MARKET HOUSE CONDEMNED The Northeast Corner Must Be Torn Down. The city fathers secured the serr vices of an expert to come over from Durham and make a critical exami nation of the walls pf the old market house on Williamsboro streets the building having been guttel by fire two weeks ago. The expert pronounced the walls in good shape except the northwest corner, under the old tower, whicn is dangerous and must be torn away at once. The city fathers have taken no ac tion as to what disposition will be made of the walls. Dating bacK thirty years ago, the town holds a 99 year's lease on the ground. "Sug gestions as to what is best to be done with the property," said a member of the town board of commissioners, "is now in order." CAPT. HUTCH1NS CAPTURED THE LATEST MODEL STDLL One Gollon Capacity, 1921 Model Outfit. While scouring the woods near Tippett's Mill last Monday, Capt Hutchins ran across a miniture still. The plant is a one-gallon capacity, 1921 model. The still was made of a small molasses can, the cap off the hub of an automobile being used as a cap for the still, a Ford feed pipe for a worm and a small Karo syrup bucket for a cooler. The furnace was constructed so as to give out an abundance of heat on short order. CaptvHutchins said it was good for a pint of liquor every half hour, f ' HENDERSON LADY DIES AFTER HARD FIGHT Death Follows Infection From Shal lowing Chicken Bone .(Henderson Daily Dispatch) .. After a long fight against odfia, Mrs.. Wallace White, who has been suffering from an infection resulting from a chicken bone which she swal lowed two weeks ago, died shortly after 2 o'clock Tuesday morning m a hospital in Philadelphia, where she was taken lor treatment. Pneu monia set in a day of two ago, it is understood, and the end came quicn and fast after that. With her at the time of her death besides her husband, were two sisters, Mrs. Otis Tucker, of Raleigh, and Miss Ger trude Harris, of this city, and her brother, George A. Harris. Dr. I. H. Davis, H. G. Cooper, J. N. Pittman T. G- Stem, N. H. Cannady, Hugh Peed, R. H. Lewis, Jr., L. F. Smith, W. G. Pace, Andrew Jamison, F. W. Hancock, Sr., J. C. Howard, S M. Watkins, W. L. Mitchell, T. W. Winston, A. P. Hobgood, W. M. Dun ford, M. S. Mayes, A. H. Powell, B. S. Royster, Jr., C. Edwards Coble, J. F. Veasey, R. W. Lassiter, Robert R. Herring, Blount Bryan, J. T. Size more, Jr., John R. Hall, W. M. Cher kas, E. D. Hunt, Charles G. Powell, J. E. Jackson, Dr. N. C. Daniel, M. P. Chamblee, T. B. Rose, Jr., Dr.'E. T. White, Prof. F. P. Hobgood, Dr. T. L. Booth, W. H. Hunt, W. D. Smith, R. W. Brown, W. Z. Mitchell, J. B Powell, I. W. Mangum, G. Waverly Harris, F. W. Hancock, Jr., W. W. Fuller, J. P. Harris, Cohn & Son Re presentative, A. H. A. Williams, J. F. Webb, Dr. S. H. Cannady, Dr. S- J Finch, Dr. G. S. Watkins, C. H. Eas ton. D. C. Hunt, Dr. J. H. Bullock, J. Robert Wood, T. C Harris, B. E. Par ham, John W. Gooch, John A. Wil liams, James W. Horner, H. M. Tur ner, (J. A. Reese, E. G. Crews, J. D. Brooks, Sid H. Usry, C. D. Ray, T. G. Currin, ,T. Lanier, A. H. Moore, Rev. R. C. Craven, Rev. J. D. Harte, Judge Horton. Judee A. W. Graham. Rev. S- R. Oglesby, Hon. S. M. Gattis, Dr. D. D. Carroll (Dean School of Com merce University of N. C. GRANVILLE COUNTY SUPERIOR I COURT IN FULL SAVING f Judge J. Lcd Horton Is Quick and j Accurate While there was nothing on the criminal docket to cause undue ex citement the many minor cases, such as "moonshining," has had a tenden cy to fill the court room this week. It would seem that nearly everybody at Knap of Reeds were here Wednes day to attend a liquor case, in which there was a three-cornered legal bat tle, resulting ia a hung jury, causing the bright lights in the courthouse to shine until a late hour Wednesday night ' . Judge Horton is the youngest judge I n the Southern States. He is not over thirty; his physical appearance is not over twenty-seven, and his mental faculties and business train ing indicate that he has crowded 50 years into his natural life. He is ad mired by the bar for his quick and accurate decisions and courteous hearing: He was formerly a solicitor in the Greenville district, and he and Solicitor Gattis pull together like two old horses. The Grand Jury. The grand jury is composed of the following able citizens: G- H. Fau cette, foreman; L. L. Clark, G- S. Carrington, J. W. Cash, J: p Daniel, J. W. Renn, J. P. Evans, W. A. King, L. Y. Gordon, W. E. Duke, J. J. tJrumwright, T. Ui Elliott, R. S. Wil liams, J. S- Cash, G. S. Green, H. F Holeman, Jesse Pleasant, M. H. East wood. Mr. E. N. Bragg is the offi cer. Report Of Grand Jury. To his honor, Judge J. Loyd Horton, Judge Presiding. We the Grand Jury of February Term, 1921, of Granville County Su perior Court, beg leave to report as follows: We have passed upon all bills pre ented for our consideration and de- sire to express our thanks to His Honor, Judge J. Loyd Horton and So licitor S. M. Gattis for assistance ren dered us in performing our duty. We have visited the Home of the Aged and Infirmed, and find that the Home is caring for twenty-three inr mates as follows : White males 3 , females 7; colored males 4, females 9. .We find the following stock on hand to-wi: - Horses 2 r mules 1, cows 3, calves 1, hogs 10. Farm products as follows: 9 bales of cotton, 2 bbls. of molasses, 2000 lbs. of meat, 10 bu. of peas, 60 bbls. of corn -and enough dry food for Home use- Condition of House good. The inmates very well contented- We find fourteen Justices of the Peace have made no report. We have visited the County Jail, found it in good condition, prisoners beine well cared for. We irisited the County Road Camp, whicM? we found in good condition. .The convicts be ing at work we cannot report how many they have at the camp. We visited the several offices of the Court House and found them satis factorily kept and in good condition. All of which is respectfully submit ted. G: H. FAUCETTE, Foreman. MORRISON PUSHES LAW EN FORCEMENT PLANS FOR STATE Asks Sheriffs To Keep Him Posted When Crimes Occur Likely To In cite Mobs. . (Raleigh Special) As a means of carrying out his law enforcement, program, Governor Morrison is now preparing a letter to be sent to every sheriff in the State instructing that he be notified immediately upon the commission of a crime that might cause mob "'violence- The governor desires this infor mation in order that he may .be bet ter condition to aid the civil autho rities in every county in preventing lynching and in enforcing the laws. The goveror believes that being fore warned practically amounts to being forarmed when dealing with moos.' This letter to the sheriffs will re quest the information about every crime that will be likely to excite a mob. and if in the opinion of the governor and the sheriff there is the least danger of . mob violence, the prisoner will be ordered sent to Ral eigh for safe keeping EASTERN TOBACCO MARKETS WILL CLOSE NEXT WEEK The Season Has Been Very Disap pointing to Growers. (Kinston Free Press) Tobacco growers in several coun ties are marketing the last of the 1920 crop here, at prices slightly aoV vanced over them of last month- The market, will close the 25th- Reduc ed sales forces are handling the daily4 "breaks,'.' which continue rainy large. The season about to end has been one of the most disappointing in the history, of the market. ' The product marketed here has brought on an average less than it cost to produce it. The sales total has been the largest in history as regards pounds, but last year's money total was considerably larger. By the time the last of the crop is in the warehouses at the end of next week Kinston will have handled nearly 30,000,000 pounds from the 1920 crop. All tobacconists are agreed that the 1921 crop will be much smaller locally- r .. .. ' ' ' - '" : MR. BEN K. LASSITER -WILL CONTINUE AS POSTMASTER AT OXFORD i Was Placed Under the Civil Service Rules Two Or Three Years Aao- Word comes out of Washington, ! carroborated by both Democrats aria Republicans, that Mr. B. K. Lassiter, the present postmaster at Oxford, was placed under the civil service rules some time ago anl that both old line parties are committed to the Taft and Wilson rulings. It will be remembered that Mr. Taft placed all fourth class postof fices under civil service with a view of creating better efficiency. Mr. Wilson't ruling was similar to that of Mr. Taft, and thus the two old line Parties became committed to the ci- vil service rules with a view of bet ter efficiency. . This will be a great disappointment to the Republican candidates heie who were hoping that Mr. Lassker is not protected by the civil service. The candidates for Mr. Lassiter's place procured the endorsement . of practically everybody in Oxford and were hoping to place their documents on the "pie counter" on the fourth of March, but Senator Penrose and other leading Republicans, as well as Senator Simmons, Representative Stedman and ether leading Demo crats blasted the hopes of all repub lican aspirants for postmaster when they let it be known that the old line parties are committed to the civil service rules inaugurated by Taft and Wilson, thus taking the post effice out of politics for the purpose of better efficiency. OXFORD TOBACCO MARKET The Block Was Not Broken Until . Wednesday Evening. The big rush of tobacco to the Ox ford market Monday and Tuesday blocked the five warehouses and "normalicy" was not restored until the end of sals on Wednesday. K From indications at this writing there will be good sales today, bring ing the total amount for the week in the neighborhood of 1,000,000 pounds. The price is practically the same as that of last week. k Warehousemen and buyers say that they had no idea there was so much staraaj aqi jo spuuu; eq; ui booisqoi this late in the season. There are scores of farmers who have not sold a wpun(Jpbacco this, season, and tKereare scores 6f others who have sold only their inferior grades. "All signs having failed," said a well known tobacconist, "there is no tell ing just how much tobacco there is m the county at present. It looks to me as if we will have to keep the market open this year as late as the middle of April.". THE ONLY DOUBLE BARRELED CANNON IN THE WHOLE WORLD A Subscriber To the Public Ledger Discovers a Rare Relic. Editor Public Ledger: The following information in re ference to the only double-barreled cannon in the world, of which much has been said, may be of interest to the readers of the Public Ledger in my home county. According to the prevalant retort here, the double barrel cannon which attracts so many visitors to Athens, was cast early in Civil War times and was intended to fire two balls at on ce, which were connected with a chain, the plan being that it would sweep away many Union soldiers at a time- But when it was fired the first time only one barrel went off, swinging the gun around, so that its flying missiles narrowly missed kill ing the men who were testing it. It is said it never was fired again. SAM M. CURRIN. (CoL) Athens, Ga., Feb. 13. THE MAN WHO NAMED THE OLD HICKORY DIVISION D. C. McRae, of Thomasville, is now credited with picking the name for the Old Hickory Division. When, the major-general commanding the division issued a memorandum to all organizations asking for suggestions, this name was picked from among the rest BUSINESS FADLURES (Bradstreet's) "Of all the business fail ures in the United States in 1920, 84 per cent of them occur red among the firms that did not advertise." INTEREST IN BISHOP CHESHIRE'S LECTURE ON JOB The concluding lectures in the course on Job, delivered -by Bishop Cheshire, will be given - tonight at 7:30, and tomorrow ' mprning at 10:30 in St. Stephens. Church. .. . It is a rare privilege to hear Dr. Cheshire lectuie on Job, one of the most interesting and absorbing to pics of Holy Writ. A Man Without a Home. It appears that Mr. M. P. Chamblee, who sold his handsome home at the corner of Gilliam and Front' streets this week, has abandoned all hope of finding a soul mate at an earjy date. This should put a stop, to Madame Rumor, but in all seriousness it twill never do for him to go to i hotet and be like a "fish out of : the ;water" while there are at least a half dozen homes here, by actual count,; that he would adorn with pride-, possibly he may buy and buildbut it takes more than that to make a home. NO. 14 SCHEDULE OF SEABOARD TRAINS UNDERGOES SLIGHT CHANGE The Morning Train From Henderson Arrives Here At 8:25 Instead Of 7:45. Effective last Sunday, the sched ule on the Seaboard Air Line, under went another change, the chief, 'al teration in the time of arrival ;,and. departure of trains being the change of No. 3, southbound main line train whicli passes Henderson at 4.56 p. m. instead of 4:26 p. m., now arriv ing there half hour sooner. In the evening the main, line shoo-f ly, " northbound,, arrives at Henderson 6:45 instead of 6.53 -p. m., eight min utes earlier. The only change effecting the ar- . rival and departure of trains at Ox ford is the arrival of No. 485 from Henderson, which heretofore arriv ed at 7:45 now arrives at 8:25 a. m., 40 minutes later. The train in the evening from Durham has been set back from 8 p. m. to' 8:40 p. m;, so as to':make the connection in Durham" from Asheville- LEGION HEAD WILL 'VISIT RALEIGH NEXT MONDAY Col. Galbraith Wants To Meet All Ex-Service Me". The Public Ledger is in receipt of a notice from the state headquarters of the American Legion in Raleigh stating tjiat Colonel F. W. Galbraith, ' will visit Raleigh next Monday, Feb- 1 ruary 21, and all members of the Legion who can lo so are urged to be, in attendance upon the meeting. The notice received by the Public Ledger is in part as follows: "Not only should all ex-service men come into personal contact with Commander Galbraith for their own gratification, but also for the encour agement and support that it will mean to him to. know that the ex- : service men in North Carolina ap preciate and stand by him in the fight that he is leading to get a square deal for all of us. It will be . a source of personal regret and even embarrassment to me if every local post of the Legion in this state is not represented in Raleigh on Feb ruary 21." ' HAVE YOU PAH) YOUR TAXES? It Is Useless To "Walt Expecting the legislature To Take Of f Part Of Last Year's Taxes. . If you have not paid your taxes you shoull do so at once, if it is pos sible for you to pay them. The schools are in need of money and the county needs the tax money ;and the sooner it is paid the better it will be all around. Tb,e Sheriff would like to do his work of collecting and get through with it. Some may not be able to pay right now but others could pay. All who can pay should attend to this important matter at once- Something has been said about waiting until July to pay taxes. It will be useless to wait expecting th legislature to arrange this. They will not do it. They could not well do such a thing., It is useless to wait expecting them to take off part of last years': taxes. The tax books will remain as they are and people will Jiave to pay the taxes as they ap pear on the books. The burdens pf revaluation are on us and we cannot get them off now. The revision can not come in time to change the tax books now. Every person who can do so should pay taxes for 1920 at once. , We should make an possible effort to get the taxes for 1921 low ered but it is useless to wait for a re duction on the 1920 taxes. Act the part of a good citizen and pay the 1920 taxes just as soon as possible. As usual, under the law, sale of "Land for Taxes" will be advertised early in April. E. D. HUNT, Sheriff. THE PRICES OF STEEL"" IS THE BUILDER'S BAROMETER Structural Steel Is Now Quoted At $100 a Ton. People who are anticipating an early decline in prices have been ig noring the industrial barometer. Price tendencies are indicated as accurately by the fluctuations in the price of steel as by anything else. Seven or eight years ago structu ral steel sold for $27 a ton. It is quoted now at from $98 to $110 ton, with no signs of falling inline near future- So long as this figure is maintained, there will be no rapid revival of building construction on a large scale. Men dependent on the ordinary returns " on invested capital cannot afford to build with steel so high. They will continue to postpone en largement of their plants or the con struction of buildings to be rented' until the price of structural steel falls to a much lower figure. INDUSTRIAL CRISIS IS OVER Governor Harding Of Reserve Board Says Country Is Rapidly Getting Back To Normal State. Washington, Feb. 17. The indus trial crisis has been passel and there need be no apprehension about the future, W. P. G. Harding, governor of the Federal Reserve Board, said in the board's annual report today. "It is generally recognized that the crisis has been passed and that the country has regained a more normal state of mind, which is of first im portance in working back toward normal conditions and looking to the future a spirit 6f greater confidence prevails" Harding wrote.
Oxford Public Ledger (Oxford, N.C.)
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Feb. 18, 1921, edition 1
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