10,000 EXPECTED TO ATTEND
GREAT SINGING CONVENTION
(By Fred Houser)
Atlanta, famed throughout the |
nation as “The Convention City of j
Dixie,” will be host to her largest j
convention in October, when the
Southeastern Singing Convention
meets there the 9th, 10th and 11th
of that month, according to R. L.
Stuckey, Dalton, Ga., president of
the association. More than 10,000
people from the six Southeastern
states are expected to attend the con- j
vention and participate in its three
days program of songs, it is stated.
Famous song leaders and compos
er* of church and Sunday school mu
sic from all parts of the oountry are
expected to be at the convention and
their presence will be a great draw
ing card for lovers of community
singing throughout the Southeast.
Among the world-famous musicians
who are expected to be there are
Charles H. Gabriel, T. B. Mosley,
C. R. Mullins, John M. Dye, J. A.
Lesley, J. N. Rodeheaver, V. O.
Stamps and McD. Weams.
The first session of the convention
will be held on Friday, October 9, at
the Southeastern fairgrounds, at
Lakewood Park, and will be a spe
cial feature of the Southeastern fair,
SEPTEMBER 15TH OFFERING OF
I'nited States of America 3 1-3 Per
Cent Treasury Certificates of In
debtedness —Series TJ2-1926, Dated
Sept. 15, 1925, Due June 15, 1926,'
Bearing 3 1-4 Per Cent.
Announcement of the Secretary of
the Treasury, September 8, 1925.
To All Banks, Trust Companies and
the Public of the Fifth Federal Re
serve District:
“The Secretary of the Treasury,
under the authority of the act ap
proved September 24, 1917, as amen
ded, offers for subscription at par
and accured interest, through the
Federal Reserve Banks, Treasury
Certificates of Indebtedness of Series
TJ2-1926, dated and bearing interest
from September 15, 1925, payable
June 15, 1926, with interest at rate
of three and a quarter per cent per
annum, payable on a semi-annual
basis.
“Applications will be received at
the Federal Reserve Banks.
“Bearer certificates will be issued
in denominations of SSOO, SIOOO,
$5,000, SIO,OOO. The certificates have
two interest coupons attached, pay
able Dec. 15, 1925, and June 15, 1926.
“The certificates of said series
shall be exempt, both as to principal
and interest, from all taxation now
or hereafter imposed by the United
States, any State, or any of the pos
sessions of the United States, or by
any local taxing authority, except (a)
estate or inheritance taxes, and (b)
graduated additional income taxes,
commonly known as surtaxes, and
excess-profits and war-profits taxes,
now or hereafter imposed by the
United States, upon the income or
profits of individuals, partnerships,
associations, or corporations. The
interest on an amount of bonds and
certificates authorized by said act
approved September 24, 1917, and
amendements thereto, the principal
of which does not exceed in the ag
gregate $5,000, owned by any in
dividual, partnership, association, or
corporation, shall be exempt from
the taxes provided for in clause (b)
above.
“The certificates of this series will
be accepted at par, with an adjust
ment of Eccured interest, during such
time and under such rules and regu
lations as shall be prescribed or ap
proved by the Secretary of the Trea
sury, in payment of income and prof
its taxes payable at the maturity of
the certificates. The certificates of
this series will be acceptable to se
cure deposits of public moneys, but
will not bear the circulation privi
leges.
“The right is reserved to reject
any subscription and to allot less
than the amount of certificates ap
plied for and to close the subscrip
tions at any time without notice. The
Secretary of the Treasury also re-'
serves the right to make allotment
in full upon applications for smaller
amounts, and to make reduced allot
ments and allotments upon a gradu
ated scale; and his action in these
respects will be final. Allotment no
tices will be sent out promptly upon
allotment, and the basis of the allot
ment will be publicly announced.
“Payment at par and accrued in
tf rest for certificates alloted must be
made on or before September 15,
1925, or on later allotment. After
allotment and upon payment Federal
Reserve Banks may issue interim re
ceipts pending delivery of the defi
nitive certificates.
“Any qualified depositary will be
permitted to make payment by credit
for certificates alloted to it for it
which will he open on the Bth. It »■
expected that the attendance of the
fair that day w.ll pass all previous
records as fair officials are co-oper
ating with singing convention com
mittee to make this the greatest con
vention in the city’s history. Spe
cial railroad rates are being given by
all roafis leading into Atlanta, and
connecting lines are co-operating so
that every one who desires may at
tend the convention at a minimum
of eost.
Sessions on Saturday and Sunday,
October 10 end 11, will be held at
the City Auditorium. Special session
will be held late Sunday afternoon
and Sunday evening at the fair
grounds. City Organist Charles A.
Sheldon very probably will be the of
ficial organist for the convention and
play the accompaniments to the songs
on the $50,000 pipe organ in the
cuditoijum.
Mr. Stuckey is making a special
effort to have church choirs from all
the leading churches of the South at
tend the convention and contribute
to its success as well as receive the
benefits to be derived through con
j tact with the world’s great leaders
of church and Sunday school music.
self and its customers up to any a
mount for which it shall be qualified
in excess of existing deposits, when
so notified by the Federal Reserve
Bank of its d.strict. Applications to
become depositaries, or to increase
the amount for which any bank or
trust company may have been desig
nated as a depositary, will be re
ceived and promptly acted upon.
“Treasury Certificates of Indebted
ness of Series TS-1925, maturing
September 15, 1925, will be accepted
at par, in payment for any certifi
cates of the Series TJ2-1926 now
offered which shall be subscribed for
and alloted, with an adjustment of
the interest accured, if any, on the
certificates of Series TJ2-1926 so
paid for.
“As Fiscal Agents of the United
States, Federal Reserve Banks are
authorized and requested to receive
subscriptions and to make allotments
on the basis and up to the amounts
indicated by the Secretary of the
Federal Reserve Banks of the respec
tive districts.
Respectfully,
FEDERAL RESERVE BANK
OF RICHMOND,
Fiscal Agent of the United States.
ENGLAND CONTINUES ITS
“CRUSADES AGAINST POVERTY”
What statesman in Amarca today,
for example, is genuinely concerned
about waging such a “crusade against
poverty,” as Lloyd George in 1909
summoned all England to join him
in, when he presented his famous
“Budget of 1909” with this declara
tion:—
“I cannot help hoping and be
lieving that before this generation
has passed away we shall have
made a great advance toward the
good time when poverty, with the
wretchedness and squalor and hu
man degredation which alway fol
low in its camp, will be as remote
from the people of this country as
the wolves which once infested its
forests.”
When Lloyd George said this he
was a leader of the then dominant
Liberal Party, a party rather corre
sponding to the Democratic Party in
this country. Today England is con
trolled by the Unionist Party, a par
ty representing most of the great
wealth of England—and yet English
statesmanship has vision enough to
see that the “crusade against pov
erty" must go on. So we find Win
ston Churchill, the Unionist spokes
man and Chancellor of the Exche
quer, presenting to Parliament for
its almost certain adoption a “nati
onal insurance plan” of which he
may rightly say: “No such scheme
covering the whole wage-earning pop
ulation exists or ever has existed in
any other country in the world.”
Changing his British money fig
ures into their American equivalents,
we will let John L. Balderston of the
Baltimore Sun tell just what this
“national insurance plan” shall mean
to all the people of England, Scot
land, and Wales:—
“From now on every male wage
earner must pay 8 cents a week
into the new insurance fund, each
female worker 4 cents, and the
employer must pay a similar a
mount. This contribution starts
at the age of 16 and continues as
long as the worker earns wages.
“Beginning next year under the
new scheme, all men and women
coming under it, amounting to the
whole wage-earning population,
will receive a life pension of $2.40
a week at the age of 65. This they
will get whatever their means and
THE ZEBULON RECORD, FRIDAY, SEPTEMBER 18. 192 S
whether they l eep on working or
not. If an insured man dies at any
age, his wife gets $2.40 a week for
life and $1.20 for the first child
until the children reach the age of
14. The state will pay $2 a week
for maintenance of orphans.”—
Clarence Poe, in The Progressive
Farmer.
HAS THE FARMER HAD
TOO MUCH CREDIT?
Said a farmer in a farmer's meet
ing we recently attended: “I believe
the farmer has had too much credit
instead of too little.”
This is another place where a
wrong opinion may lead a farmer to
a wrong policy. Holding the view
just expressed, a farmer may fail to
use credit when he should really do
so.
The man who holds this sort of
view has part of the truth, but not
enough of it. The whole truth is
that the farmer has had too much
credit of the sort that more than eats
up the profits on the farming oper
ations for which it is secured—too
much credit of the crop lien, “time
prices” sort which often makes a
farmer pay at the rate of 70 per
cent a year for credit in states where
business men get credit for 7 per
cent or less a year. Credit which in
volves ruinously high charges is com
monly known as “usury” and it is
regarded as the duty of every state
to prohibit it. But while our states
have been careful to enact many and
varied statutes to protect townspeo
ple against usury, these very same
states have permitted the wholesale
exploitation of farmers through usu
ry disguised at “time prices.”
The farmer certainly needs less of
this sort of credit, because it is not
only absorbs all the profits of farm
ing operations but leaves the farmer
much poorer than he was before. On
the other hand, one of the farmer’s
greatest needs is for more credit on
reasonable terms to take the place
of the high-priced credit which has
ruined so many farmers in the past.
Again, the farmer has had too
much credit for “consumptive debts’ 1
—too much credit for purchases
which are merely “consumed” with
out yielding anything to pay off the
debt. Credit for consumptive debts
should be systematically discouraged,
while credit for productive debts is
often a good investment. Many a
town business has grown wealthy by
borrowing money at 6 per cent and
making it earn 10 to 12 per cent.
But town businesses could never pay
the interest rate farmers are asked
to pay in the form of “time prices”
and escape bankruptcy.—The Pro
gressive Farmer.
TO NAME SPONSORS
FOR NEXT REUNION
Direct Descendants of Each of Con
federate Generals To Be Invited
Direct lineal descendants of each of
the Confederate generals of full rank
who left issue will compose the staff
of sponsors at the United Confeder
ate veterans’ reunion at Birmingham
Ala., next year, if plans now under
way by General W. B. Freeman, of
that city, commander-in-chief of the
veterans, work out.
General Freeman announced that
he plans to get together for the first
time the grand daughters or great
grand-daughters of the men who
held the highest commands in the
Southern service during the War be
tween the States. One descendant of
each of the full generals would be
named to his staff of sponsors and
all other direct female descendants
would be especially invited to attend
the reunion. One of the two grand
daughetrs of General Robert E. Lee
will be invited to serve as sponsor-in
chief for the entire South.
There were seven generals of full
rank in the Confederate Army, but
one of them, General Joseph E.
Johnston, died without issue. The
others were: General Lee, commander
in-chief; General Samuel Cooper, ad
jutant and inspector general; and
Generals P. G. T. Bureaguard, Al
bert Sidney Johnson, Braxton Bragg
and E. Kirby Smith. General John
B. Hood is sometimes regarded as a
full general, but he held that rank
only temporarily and is officially
listed as a lieutenant-general.
ARRIVALS OF TRAINS IN
ZEBULON GOING EAST & WEST
Nortfolk-Southern Railroad.
Arrives at 7:22 a. m., going east.
Arrives at 11:59 a. m., going west.
Arrives at 4:08 p. m., going east.
Arrives at 7:27 p. m., going west.
Arrives at 5:48 a. m., going west.
Arrives at 10:48 p. m., going east.
FOR SALE—Ford Roadster, in fair
running shape. Will sell cheap.
11., care The Record office.
WANTED—To buy good sceond-hand
Ford roadster. Must be cheap. H.,
care Zebulon Record,
| “The Advance Will Not be CUT- gs
B THE GRADE Will NOT BE CHANGED I” I
| 9
[j This is General Manager RICHARD R. PATTEDSON’S |
£ Pledege to the members of the Tobacco Growers Co-opera
[■ tive Association. |j
§ a
YA Last week Mr. Patterson, with the bankers’ valuation experts, made a g] j
M survey of the markets in Eastern North Carolina and from them he received 4
assurance that the Federal Intermediate Credit Banks will continue its sup- Q !
fj port of the Assocition to hold the price of tobacco up. [l<
U Growers who wil l receive full value this season have pooled their to- s| j
bacco. Conditions responsible for low prices on auction floors are bound to
9 adjust later. The tobacco which is marketed in an orderly way will be the
K tobacco which will show a profit when this adjustment comes. R
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1 WHAT IS THE ASSOCIATION GOING TO DO? B|
1 0
READ MR. PATTERSON’S REPLY TO THIS QUESTION: M
fj “The Association is going to do just what it has done since organization:
$ Provide for the grower a service corporation which will enable him to market
|| his tobacco in an orderly way. UNLES AND UNTIL THE GROWER ANI) |fj
| THE BUSINESS MAN AVAIL THEMSELVES OW THIS SERVICE, NO j 9
* POWER BENEATH THE BLUE CANOPY OF HEAVEN CAN DO ANY
| THING ABOUT THE LOW PRICES THE GROWERS ARE NOW RE- |
& CEIVING.” ( |
1 m
1 I
I Tobacco Growers Cooperative |
| Association 0
f"
] “THE FLAPPER l
\ GRANDMOTHER” §
| A MUSICAL COMEDY |
! »
| To Be Presented at ■
| The School Auditorium 0
3 FRIDAY NIGHT, OCTOBER THE 2ND I
3 0
Under the Auspices of the
| Woman’s Club of |
1 Zebulon. ■
g BY HOME TALENT 8
3 Laughs, Thrills, Peppy Music, Costumes,
« Chorus Girls and Everthing ||
* J'he Woman’s Club of Zebulon is working up 8
J Home talent in a clean and wholesome play with a S
3 Laugh on Every Line. p
I With a Chorus of Jelly Beans, Debutant Flappers, R
J Rag Dolls, Door Knobs and Little Grandma
k Matron. g
i DON’T FORGE DATE 81
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