Newspapers / The Commonwealth (Scotland Neck, … / Aug. 2, 1921, edition 1 / Page 1
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IT H I COMMfilWEAIb nl 17 T7 7XIU--NTJMBER 42. FOUR O'CLOCK EDITIOW SGOTLAOT) NECK, N. C, TUESDAY. AUGUST 2, 1921. TELEGRAPHIC SERVICE 5c PER COPY Developements Point To More Confident Business Sertiment KooO.it developments have served ' t, ' 11 :i nur0 confident undertone to financial and business "sentiment, al though general ude remains in the i - i . j. .11.. Ot unusual mia-sammer uuiuiess, National Bank of Commerce I if I aril ii Fe:iks of Business, its nv uthly bus ;lie;:? r-'view. N list of the most important fivoraM-1 events includes, sa-s the 1. rians of the government to set- roilt-i'l claims and extend the "'i'OO.OOO over the next few V Thorne Is Appointed Treasurer William Alfred Thorne, j County Commissioner S. T. tie roads 7 month:'-. postponement of the soldiers1 bonus hill, which would have adde :o the tax burden, and pushing i son of Thorne, was yesterday appointed County Treasurer to succeed the late William R. Harvey, who died July 24th. There were three names before the ! Commissioners for consideration: Wil- liani Alfred Thorne, W. F. Harvey, son of the deceased Treasurer and tXorfleet S Smith, of Scotland Neck. rwar l uf the plans for modification j (When the latter found that Mr. W. F. to of th- vnue laws. ; Harvey desired to finish out the term World Famous Tenor Died Today (By Associated Press) Naples, Aug. 2. Enrico Caruso, world famous tenor, died here, today, his death following an operation Sun day for an abscess between the liver and diaphragm, which caused " a"cute perionitis. Until a week ago he wa? regarded on the road to reeovery froin the long illness beginning in New York last winter. He had a sudden relapse and was removed from his home at Sorrento to Naples, where special ists decided"" To" operate immediately. His wife and brother were at his bed side. s Enrico Caruso, for more than twen ty five years a celebrity in the world of song, the tenor "withr the golden voice ' idolized by millions in Amer ica and abroad, had an artistic career Public Debt Dec (By -loci&tea Press) Washington, August 2. The public debt decreased two hundred and six million dollars during July, the Treas ury announced. BUSINESS CONDITIONS IN FRANCE GREATLY IMPROVED DROPS PROPOSAL FOR E Of! THE CO FERENC PACIFIC QUESTION President Off For a Rest Reduction of rediscount rates to! for which his": father was elected hejas weU known as that of any famous rPnuPSfpil' PiniTiii'soiinoi. T A y a number ot district j n bank? of the Federal Reserve System 4. Renewed price cutting and more kivui activity in the iron and steel to withdraw his' name and support Mr. i i -i i n 'OluntiO KJ i 1 li,it iin 4-oHi ronAfta -rmtti t llluUll .Mill UCIHI UtlliV A V V i l J. V J . .. i -i - - i . and automomie. tire, niae, paim, uuuuing iii.l textile industries. o. Better outlook abroad oeeasion ,,! by the settlement of British coal strike, resumption of British textile in dustries and by improvement in Ger many's situation. 6. Apparent stabilization of many raw material prices and continued re iil.justn.eiits of prices of finished goods and industrial wages. These are eonstructive-factor3 in the situation which are working to hasten the manifiold readjustments still to be made and to overcome the staggering obstacles which remain in the vay of business recovery. Railroad Aid Will Stimulate Thorne were Commis- Haves Harvey, which Mr. Kitchin did. Those voting for Mr, T. Thorne, Geo. L C. P. Bounds, with Messrs. W. T. Clement and J. A. Kitchin voting for Mr. W.. F. Harvev. Kitchin (Statesman or military leader. He was born in Naples, Italy Feb ruary 25th, 1873, the son of a mechanic who detested music, but was'persuad- jed to permit his son, when eleven years of age, to sing in the churches of his native city. (By Associated Press) London, Aug. 2. Great Britain has dropped the proposal for a prelimin ary conference on-fhe Pacific question and has agreed to participate in the Washington conference as originally suggested y President Harding, ac cording to officials here. (By Associated Press) Portland, Maine, August 2. Presi dent Harding left here for Lancaster, New Hampshire, by automobile for a rest in the mountain home of Secre tary of War Weeks. An" informal re- i ception at the wharf was held and the President made a brief speech from steps of the municipal building. He came from Plymouth on the yacht Ma3'flower. One Day A Week For Train Service (By Associated Press) Excellent Sale Of 32 Hogs Several months ago Manager T. T). Temple put on a demonstration in Eog feeding and selected thirty two pigs for the experiment which "were born j in January and February last. These pigs were fed a balanced ration and let run on alfalfa, and when ttiey"vere Russia's transportation dif f culties ! Put on the market yesterday the thirty- Warsaw, Aug. 2 Kailroad service between Moscow and Kiev, Russia, has been redueed to an average of one train a week for freght and pas sengers." 1 - - because of the general deterioration The placing of $500,000,000 at the;0f the railroads under the Bolsheviki disposal of the railroads in accordance J regime, according to Moscow reports, with present plans would have a stim-J;iave brought about other 0tt5 "situa ulating influence upon business gene- ; tions .While southern Russia Tias a sur rally. It would improve the roads' ipiU3 0f corn and nas been endeavoring credit and enable them to buy mater-jto export it to Italy, northern Russia iaU to make needed repairs on the;jias been buying the same kind ot 354.000 bad order freight cars. Ex-"graill from foreign countries. The peuditu'v of this money would re- traffic situation all over central Rus lease a much larger sum of frozen sia is said to be" particularly serious. The metal production of Russia is JIIHN SKELTON WILLIAMS CRITICISES FEDERAL RESERVE SYSTEM A00PTI0N OF COUNTY RODGET DEFERRED UNTIL SEPTEMBER (By Robert W. Madry) Paris, July 22 The announcement of the Prefect of the Seine,-M. Aut rand, that the number of unemployed in Paris has decreased" from 45,000 at the beginning of the year to 17.000 at the present time has gi en a decid ed stimulus to business conditions throughout France, for the figures for Paris are an index to conditions in the provinces as well. The crest of the unemployment wave in Paris was the first two weeks in March, when unemployment aid amounted to 2.172.9r Vfrancs. whilo during the last t A-eeks of May it decreased to ' j0 francs, This de crease, it Mted, TiaTbeen mater ially aid the efforFs of the de- The Board of County Commissioners held their regular monthly yesterday at Halifax, and after elect ing W. A. Thorne, county treasurer, to succeed the late William R. Har- went into the discussion of the county budget ior the new year. Appropriations were requested follows: $200,000.00 for roads, $217,- reo-ions 000.00 for schools, ancT $ 40,000.00 for (By Associated Press) -Washington, Aug. 2. John Skeltoa!? Williams, former comptroller of the currency appeared before the joint ongressional commission considering agricultural problems with the declar ed purpose of criticising the admin-, the general county salary fund istration of the Federal Reserve Banks. He said that he did not agree with the policy of the board in indiscriminately J raising the interest rate in nineteen and nineteen and making prodigal ad vances to institutions in the East to the dlsadva Stage of the West and the partmJK' "employment office and by thrJ amption of work in various trades, notably clothing, hair-dressing, restaurants and comestibles. The Paris Municipal Council recent ly voted a complementary l)udge"t of 13,500,000 francs for unemployment aid meeting untii July 31, bringing tne years to tal to 23,500,000 francs. A credit of 9,000,000 francs was also voted for the August 1 December 31 period. These facts are taken as proof that France is on the rapid road to recov ery. Reconstruction in the devastated as South. rredits tnd permit a turnover of sev eral billioiis of business. Already the roads are buying more steel, X'int ani other materials and re-employing some men. The lower rediscount rates at Fed eral Reserve banks and in Englanl ','ive convincing evidence ofthe im provement in the financial situation.1 A year uo with the Federal Reserve ftttio to note and deposit liabilities aruund 1'! per cent there was real dan ger of a financial panic when the au tumn crop-moving demands arrived. reported to have reached only two per cent of the pre-war figures, the coal production about 20 percent and the oil production 40 percent. INVESTIGATE CHARGE OF HIGH TREASON two pigs weighed H,525 pounds which brought $779.31. It cost $35S.8S to bring these pigs to market, showing a profit of $440.43 on the thirty two I pigs since February. To make out a car load for shipment Manager Temple included ten cp five sheep and seven lamb, the total of the onire shipment bringing him $1,025.66. This is a concrete cTemon stration of the results of diversified farming, and shows the splendid prof it in raising live stock. It would mean a tranformation in this section if every farm would adopt thisTnetTiTs3"antl sys tem of farming and have livestock to sell : at this time of the year, as each year there is always a strngeney in money locally, due to the fact that there is a continuous outlay for cot ton and tobacco and no income from any souce. is progressing satisfactorily, the franc is holding its" own well as far as its exchange value is concerned, Upon motion of Mr. J. A. Kitchin, 'ail(i thp treneral tendencv toward nnr- who objected to such large appropria- maicv is evident in all lines, tions at this time", the adoption of the There is one thing, however, to budget was deferred until the Sep-'which France has beeri looking for tember meeting witlPfhe hope that in &ome tim0 past that is, a substantial the meantime a way will be found to aecuue in prices. In spite of several efforts that have been made to lower cut 'down the various amounts. The Chairman reported that the the cost of living there is at present money borrowed for the construction but few commodities that can bo (By Associated Press) Budapest, Aug. 2. Count Bethlen, With the reserve ratio at more tliaam. unn -ro? t,io 'sst in mn. i tuc iiuxigaiiau ribiuivij uao ovu xu inw 60 per cent, it is recognizd that the tion an investigation ofttie various cramping period of -insufficient credit acts of which Count Michael Karolyi, '' passed into history. Recent . the grand old man of Hungary," stH Jgth of the bond market has been'now.an exile from his native land "lanitV.tation of the improved J stands accused. These include the al 'redit outlook. legation of high treason made before itu outstanding characteristics of narrow profit margins. The re- w;, rils will go to those who successful-;-' 'iu ,-ist aside wasteful methods, l!d achieve a rapid turnover. In a ''"''l. competition will tend to permit 'dy those, to survive who can give the -rf'nUr v.-ihie at the smallest cost. WEATHER REPORT the National Assembly by Prince Louis T' next business cycle will be keen j Windischgraetz in connection with the mpctition, lower prices and wages organization of the Hungarian, revolu- tion. Several members of the Indepen dence party are involved in the same accusation which is" based partly upon the text of memorandums that Tarolyi is declared to have addressed to the Entente governments' during the war. Prince Windischgraetz cites Clem- enceau's replies to interpellations in; the Chamber of Deputies, in which the French premier said he had proof that Karolyi entertained close relations with the Soviets. From all the docu ments and evidences whicn "Windis chgraetz has handed over to Premier Bethlen, -he deduces that Karolyi vol unteered to Entente governments to start a revolution in Hungary and that he conspired to that end with revolu tionary elements in different countries. Game Warden Appointed Mr. Chas. T. Lawrence was yester day appointed Game Warden for this section of Halifax oCunty. and . in an interview Mr. Lawrence stated that it was his intention to enforce the law to the best of his ability, and he calls upon all real sportsmen to assist him in this effort fur the preservation of game of all kinds. Government Monoply On Advertising (By Associated Press) Sofia, Aug. 2. The g6vernment has just presented to Parliament a bill es tablishing a monopoly "for" all news jpafper advertisements. Henceforth every advertisement "announcement ori puff will have to be published first j in the Official Gazette, at a very high price. Then only its reproduction in other papers will be allowed after paying another tax for the reproduction. The big political papers and those for information supported chiefly "by advertisements are in the hands of the intellectuals of the middle-classes who are not on "good terms with the peas ant government. By this niefhod the government would be able Fo injure the organs of its political adversaries. of the bridge across Roanoke River at Edward's Ferry would be paid to the county either Wednesday or Thursday of this week. bought for less than a-year ago. That is why there is ageneral feel ing among observers that France, and Europe in general for that matter, The County Road Board passed a nuigt go through the same business resolution that no more new construe- cycle o price-cutting as America be tion would be attempted until eondi-'fore any great "recovery can be recor tions materially -changed for the -de(i French manufacturers up to the better. present time have simply refused to let their over increasing" stocks go at re- duced prices. They realize that such ja business turnover would do much to ;Set the machine of commerce in full motion again, but they are not willing ti benr the loses which such would entail. Prices remain high, unemployment t enth. i:es, even though at a decreasing rate, and France is still wondering just when anything approaching the good old pre-war days will come their way again. Meanwhile, American flfmstrying 0r Xorth Cnrol tf,ni2l't and Wednesday. Proably lo- ai fresh southwest winds. COTTON MARKET . . i 7 ecenxber ..-.m 13.27 r 13.15 13.41 13.54 Removes Restrictions On Deposits (By Associated Press) Riga, Aug. 2. A Soviet decree has been published in Moscow removing the restrictions Hitherto existing on amounts allowed to b"e TielcT'on Heposit at banks. The decree forbids confis cations of such sums' permits with drawals without notice and the trans fer of funds. EFFORT TO DEPRIVE FORMER PRESIDENT OF HIS CITIZENSHIP POOR QUALITY AND EXORBITANT PRICES CAUSES LOSS MARKET (iiy Associated Press i Copenhagen, Aug. 2 ' 'The Unit ed States lost a great opportunity to sell her surplus coal, "a leading Dan ish importer told The Associated Press correspondent here today, " " because in 919 and 1920 when American sell- jto lo business in France are finding ers had the European market at their Jit a most difficult tasfc on account of mercy, they made the mistake of send-'tiie rate of exchange. France's j ei ing to Europe coal of very poor qual-'p0rt are now exceeding her Imports. ity and charged exorbitant prices for Tjie ony thing that an American can it." be sure of selling over here is a com- As a result of this policy, he said, modity that the French will buy re- j during the recent British coal strike, gardless of ts priceT when practically no coal was obtain- j able from Great Britain, hardly any' inniTlflll Scandinavian orders "for coal were ETI flATllllj.- fY-IRITinN A niPTif.-i thft fart I I LUH I II1U LAINUI I IUI1 that stocks on hand were nearly ex hausted. Importers preferred to ruu the risk of running short to taking their chances of ordering fuel from OF MANUFACTURERS (By Associated Press) Mexico City, Aug. 2. Acceptances America and receiving coal of an in bv Francisco Leon de la Barra, form-jferior quality. "If American coal is er president of Mexico, of an official OF. UNITED KINGDOM London, Aug. 2. A company has commission by the French government, it is reported, will be discussed by Congress here with a view "to depriv ing him of his citizenship. - Mr. de la Barra has resided in Paris for several years and has acted as counsel for the French . government but the mis sion to which objection is raised here would take him to Vienna for an in definite period. It is contended that before accepting he should have se cured permission from his home government. n x 1 !f i 1 :.,! to regain the reputation it has lost in been organized to nuuu a iarK f European markets there must be an ship of a type that has nereTyet been effective official guarantee of its 'constructed, says The Times and to quality based on analysis,'" says the ! send her on a cfuiseoT the world as Bureau of Mines. ''a floating exhibition of the manufac- The Danish commercial adviser , in tures of the United Kingdom." New York recently reported that itj The officials of the company include is dfficult to blame any individual 'Sir George B. Hunter and other direc American exporter for thegeneral con- tors of the firm which built the Mau ditions prevailing in the American retainia as well as the Duke of North coal export trade, "conditions for which . umberland,, Earl Grey, "Beaumont Pease America' will pay by the loss of a mar- deputy chairman of Lloyds Bank and ket of great importance to the nation's other business mn The vessel will coal industry. be known as "the British trade ship.
The Commonwealth (Scotland Neck, N.C.)
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Aug. 2, 1921, edition 1
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