DAY LABORER TO MILLIONAIRE.
liomi' Facts About One of America'*
<>reat Men Who Has I teen Able to
Maiitt'r the Minutest Details in
Steel Making, lias Opened the
World's Markets to American Steel.
The president of the largest cor
poration the world has ever known
began life as a common laborer. To
day he is without doubt one of the
greatest priictical industrial execu
tives in America. I know no man pos
sessing more knowledge of his busi
ness, practical, theoretical, detail
and general, than James A. Fsrrell,
president of the United States Steel
corporation. He carries in his head
more steel facts than any other hu
man being.
Not only does he know how to make
ateel, not only has he had practical
training in every phase of manufac
turing steel products, but he has done
more than any other person, past or
present, to send American merchan
dise into every corner of the earth.
Before others began even to talk
about the vital importance of outlets
for American products, James A.
Fsrrell, working literally day and
night and journeying hither and
thither across the seven seas, was
blazing the trail for American goods
and actually creating markets yield
ing millions of dollars a year to
American workmen and American
business enterprises. He is known as
"the father of the export steel trade."
Mr. Farrell holds the record for
securing foreign orders for Ameri
can goods. He is the greatest inter
national salesman America has ever
j
prcxiuctju.
So modest is he, so averse is he to
talking about himcelf or his achieve
ments, that he was unknown to the
American public until his name was
proclaimed to the world as the new
president of the steel corporation six
years ago. "Who is Farrell?" the
people and the papers asked. News
paper "morgues" were ransacked in
vain for data about him. So were
"Who's Who" and other publications
chronicling the careers of notables.
Even now James A. Farrell is im
perfectly known to all but those in
the steel industry. Here are a few
facts ? and they are facts ? about him:
When a boy he began training his
memory and he has disciplined it so
thoroughly throughout his life that
he admittedly has the finest memory
of any business man in the country.
Thougli working twelve hours a day
as a laborer in a wire mill, he stud
ied systematically every evening, and
in fourteen months became a mechan
ic, rising to be foreman in charge of
the H00 men in the works before he
was nineteen.
Having made several voyages with
his seafaring father when a schoolboy,
he became interested in foreign lands
and today he is as familiar with every
foreign country as he is with Pitts
burg or New York ? he has been call
ed "a walking gazetteer of the world."
His knowledge of shipping, of
steamship lines and lanes, of how best
far beyond that of any other human
being that he has won the nickname
"the American Lloyd's Register" ? he
car? tell the location any day of hun
dreds of vessels plying all over the
seven seas.
Twenty years before the average
American realized the importance of
foreign outlets for domestic products,
Mr. F arrell, in face of obstacles which
would have driven others to despair,
inaugurated, single-handedly, a cam
paign for the conquest of oversea
markets for American steel products
and built up an export business before
the war of almost $100,000,000 a year,
a record not approached by any other
i^dividurl. Since ther the annual to
tal has been more than doubled.
Today, as president of the Foreign
Trade Council, he is rendering inval
uable service to American manufac
turers in aiding them to overcome ob
stacles in entering foreign markets.
In nine days' examination during
the government's suit against the
steel corporation, Mr. Farrell astound
ed everybody by answering thousands
upon thousands of questions of every
conceivable variety without having to
refer to a single scrap of paper. The
replies in many cases called for the
recital of average, maximum, mini
mum and percentage figures involving
decimal points, yet the witness recited
them from memory as easily as if he
had records in front of his eyes.
He caa enter the mills and mines of
the company and greet hundreds of
co-workers by their first names even
though, as occasionally happens, he
runs across a workman he may not
have seen since the days when they
sat together as common laborers or
artisans on the cinder pile.
With it all, with all his field and
his power as president of an organi
zation employing 270.000 men, James
A. Farrell is still "Jim" Farrell, as
democratic as when he first answered
the whistle of the wire mill and as
hard a worker. ? B. C. Forbes, in
Leslie's.
Platinum is becoming so scarce
that Russia, where most of the mines
are, is seeking new deposits.
A Wonderful Comeback.
Houston Post.
It has be* a just about four year*
since the ur.' ring devotion of a faith
ful wife wan at las' rewarded by
President J'.. ft when he signed the
pardon that opened the doors of the
Federal prison of Atlanta for Charles
W. Morse.
It is recalled that at the time it
was stated the man's liberation meant
but little more than a release for the
term imprisonment in Atlanta for
the permanent imprisonment of the
grave. And as a matter of fact, there
was no shamming about Morse's
physical condition. He was broken in
health and spirit and apparently his
days were numbered.
Liberty revived his spirit and then
his body rallied to the call of better
days. He came back and he seems to
have come back in robust form.
We find him now at the head of the
United States Steamship company, a
concern of imposing dimensions and
; ambitions. It is said his plans are to
become to the shipbuilding industry
what Henry Ford is to the automo
bile business. For the present, his
plant will turn out twenty 10,000-ton
ships in a year, but this capacity is
to be enlarged as rapidly as possi
ble because in addition to the ulti
mate fleet of 100 ships which the
company will operate, the purpose is
to build ships and sell them to who
ever will buy.
And it is the Ford idea that will be
followed. The ships will be of a sin
gle standard pattern, the constituent
parts will be made in sufficient num
ber to keep several assembling plants
putting the ships together quickly,
and in this way the cost of construc
tion will be reduced to the minimum.
A great idea that. Is this concep
tion to give to the United States what
it has almost despaired of obtaining ?
a great merchant marine carrying
American products into all parts of
the world. Will the Morse ship become
the Ford of the ocean, standarized
thoroughly, economically built and
meeting all the demands of oversea
trade ?
And what a rehabitiation that will
be for Charles W. Morse. Once the
goat of the kings of High Finance,
the quarry of the sleuths and Neme
ses who were merciless in visiting the
vengeance of the proletariat upon the
oppressors of humanity.
And than to step out into the sun
light apparently dead only to under
take the execution of the most brill
iant constructive conception of the
generation the giving of his country
which chastised him what it has
been powerless to get fot half a cen
tury.
There is an element of romance in
the comeback of Charles W. Morse.
Missionary I'roKram.
Pine Level, Jan. ti. ? The following
is the Ingathering Program of the
Woman's Missionary Society of the
Haptist Church, to be held at church,
Friday, January 12, beginning at 2
o'clock:
Devotional Service ? Mrs. I>. B. Oliver.
Hymn No. 30it.
Bible Lesson ? Isa. 4f>: 22; Rom. f>: 8;
John 12: 23-32 ? Mrs. F. C. Price.
Prayer ? Mrs. A. Strickland.
Subject: Missionary Motives ? Mrs.
Oliver.
Our Responsibilities ? Rom. 10: 12-17;
Matthew 8 ? Mrs. L. Brown.
Hymn ? Trust and Obey.
Reading of Leaflets: Dr. Lorre's Ap
peal?Mrs. N. M. Gurley.
If Thou Knowest ? Miss Braxton.
Our Work Among Chinese Women
? Mrs. R. H. Brown.
What the Budget System of the
Church Finance Means ? Mrs. M. E.
Godwin.
Prayer for the Heathen Women of
China? Mrs. Godwin.
Ingathering of Christmas Offering
(Repeating in concert Matt. 28:
18-20).
Announcements.
Hymn? Tr.ke My Life and Let It Be.
Closing Prayer ? Mrs. B. Strickland.
Every lady member is earnestly
requested to be present and especial
ly members of the Woman's Mission
ary Society.
Mr. Rockefeller's Venus.
Did you receive a Christmas Card
from John D. Rockefeller?
If so, you saw a picture of his new
Venus, recently discovered at Flor
ence, Italy, and brought to America
by Mr. Rockefeller. It has been set
up in a temple near his residence at
Pocantico Hills, New York, and a pho
tograph of it has been used on his
personal Christmas Card this year.
Pictures of the statue have been
jealously guarded from publication,
but three views appear in Harper's
Bazar for January, which has just
reached us. The statue is made of
marble quarried near Athens in
Greece; the same marble used by the
sculptors Pludias and Praxiteles. Ev
eryone interested in art should see
1 these exclusive pictures of the
j world's newest art treasure.
SKETCH OF (HAS. GOODYEAR.
The Or rat Rubber Expert Wan Horn I
116 Year* Ago and Served Term*
In Prison for Debt. He Discovered
the Vulcanizing Process.
(Washington Post.)
Charles Goodyear, the nventor of
the process of vulcanizing rubber,
who worked on his invention while in
prison for debt, was born at New
Haven December 29, 1800, and died
at New York July 1, J 800.
The trials of inventor* are prover
bial, but it is doubtful if any inventor
ever had more of them than Charles
Goodyear, to whom the world owes so
much in the application of india rub
ber to the varied uses to which it is
now put.
Goodyear was always in trouble. In
his earlier years he was in the hard
ware business in Philadelphia. The
business failed and he was put in jail
for debt, the laws being harsher re
garding debt than now.
It was while a prisoner that Good
year's mind first becames active in
pursuing inventions, and he actual
ly succeeded in supporting his family
from the proceeds of a patent on an
article of hardware which he thought
out in hifOfH.
Goodyear s incarcerations tor debt,
with brief intervals between, extend
e<l over a number of years. He was
always cheerful during these periods
of enforced retirement from the
world, saying, "With clear con
science a man can be as happy in
prison as anywhere else."
Between lH.'JO and 18:{(> this coun
try was rubber mad, its mania being
as strong as the subsequent gold fe
ver and petroleum craze.
Companies were formed r itrht and
left to manufacture rubber, but none
of them could work the raw material
satisfactorily. Goodyear turned his
attention to rubber in 1884, and from
then until his death the idea of mak
ing from it a durable elastic material
occupied his mind exclusively.
His first gleam of hope came when
he found that by boiling a compound
of the gum and magnesia in quick
lime and water an article was obtained
that seemed to be all he could desire.
He secured a patent, and his product
sold rapidly, but it was found that a
drop of weak acid, like vinegar, de
stroyed the effects of the lime and
made the cloth sticky.
This once more reduced him to pov
erty. A year later he hit on another
process, and started a factory in
Staten Island and a store in New
York. The panic of 1837 left him a
bankrupt. He finally went to Rox
bury and secured a plant that had
been given up. He sold rights for his
new process and prospered, but the
material was soon found to be defec
tive and his prospects vanished.
Finally he noticed one of his work
men, Nathaniel Goodyear, sprinkling
sulphur on rubber and placing it in
the sun. This set him to experiment
ing with sulphur, which formed the
base of his finally perfected and enor
mously valuable process of vulcan
izing.
During his years of experimenting
with this process Goodyear was often
reduced to want, and at one time he
sold his children's school books to
purchase material.
Although Goodyear acquired about
(50 patents, many of them were con
tested, a few resulting in very ex
pensive litigation. Other manufactur
ers grew rich through his discoveries,
and the man who conferred such great
benefits on humanity died poor but
cheerful and optimistic to the end.
The New Coins.
Any change in the coinage is like
ly at first to meet with more or less
objection merely because it is a
change. Hut the appearance of the
new half-dollars, following the new
dimes, should soon reconcile grum
blers who have resented the efforts
of the United States Mint authori
ties to produce something different
in the fractional currency. The de
signs have the merit of being both
simple and artistic, and are a dis
tinct improvement in that respect on
the pieces so long in use.
It is to say that any coin is good
enough so long as the value is rec
ognized at a glance. That is to give
sole consideration to the bare fact of
utility. But objects that pass so con
stantly in general circulation as the
smaller coins should be rightfully
made attractive to the eye. Every
Government in its own way strives to
reach that end as a matter of pride.
Otherwise it would be enough to
stamp circles of copper, nickel, silver
:ind gold with numerals, and let it go
at that.
This time the United States Mint
has succeeded, with the help of the
designer, in turning out new silver
coins which far surpass in beauty
those which they replacc. That is
justification enough, and in this case
?xceptionnlly so because some of the
other issues in recent years did not
deserve unqualified approval. ? New
York World.
GENERAL NEWS ITEMS.
, !
T*i>- production of pig iron in 1916 J
in this country is estimated at 39,
450,000 tons by the Iron Age. The
previous high year was 1913 with
30,966,152 tons and the 1915 produc
tion was iii'.yiG^lS tons.
The total value of goods exported
fri.n. the United States in the eleven <
months ending November 30, 1916,
wu ?4,960,302,630. The total amount
for th" same period in 1915 was $3,
195,364,485. The increase the past
year was over $1,750,000,000.
Germany's stock of cattle is de
clare) in a dispatch to have increas
ed since the beginning of 1915 by
more than 400,000, and the stock of
pigs l>y more than 4,000,000, "so that
Germany can reckon with an improve
ment in the supply of milk and fat,
while the Rumanian booty guarantees
a great improvement in the supply of
fodder."
Haw ii product^ 58,237 tons less of '
sugar in 191<> than in the previous
year, despite an increased area plant
ed to cane sugar. Returns to the De
partment of Agriculture show that the
year's output was approximately
592,763 tons. The decreased produc
tion war, due to a lower yield of cane
per acre and a smaller average of i
sugar per ton of cane.
Many thousand guns per week is
reported t<5 be the measure of the
mighty manufacturing effort which
Germany is now making for the cam
paign of 11)17 ? an effort upon which
the entire manhood force of the nation
which can be spared from the front
and their regular occupations is be
ing concentrated under First Quar
termaster General von Ludendorff's
Universal Labor Service Law.
Some further progress has been
made by the British on the Tigris
front, where offensive operations re
cently were resumed after a long pe
riod of quiet during the hot weather.
An official announcement at London
states that since December 2tf opera
tions on this front have been impeded
by heavy rain, but that the British
force has advanced on the right bank
of the Tigris, east and northeast of
Kut-el-Amara.
The resources of institutions under
the supervision of the New York
State Banking Department have in
creased approximately $1,500,000,000
since the outbreak of the European
war in 1914. The State Superintend
ent of Banks, Eugene Lam Richards,
in his annual report to the Legisla
ture, points out that the total re- ,
sources of such institutions on No- ;
vember 29 last were $5,821,584,712,
as compared with $4,380,417,973 on
September 30, 1914.
Eleven schot*l children were killed,
four others fatally hurt and eight
seriously injured when a tornado
wrecked the Vireton rural school
house, known as the Lee-Baldwin
school, near Blocker, Okla, Friday.
The school building, a Baptist Indian
mission a quarter of a mile away and
four farm houses are in ruins and a
half dozen other farm houses were
lifted from their foundations by the
storm, which swept a narrow path
for a distance of six miles.
During the coursa of last year, ac
cording to authoritative figures, 78,
500 Germans were captured on the
French front by the French and 40,
000 by the British, while in Serbia
and Macedonia the entente allied ar
mies took 11,173 Bulgarians and
Turks prisoner. During the same pe
riod the Italians made prisoner of
52,250 Austrians, while the Russians
captured more than 400,000 Germans
and Austrians. The allies' captures to
tal 581,923 for the year.
During 1916 Allied aviators made i
750 raids into hostile territory, 900 1
enemy airplanes were shot down and
81 captive balloons were destroyed,
according to figures just compiled.
Of these raids the French made 250,
the British 190, and between them 180
in Macedonia. French aviators shot
down 450 enemy machines, the Brit
ish 250, while the French destroyed
40 balloons and the British 27. The
remaining balloons and airplanes
were brought down by anti-aircraft
guns.
Almost nine billion dollars was the
aggregate value of all crops of the
country last year. In an estimate
announced last week by the Depart
ment of Agriculture the exact value
was set at $8,934,587,000. That was
an increase of $2,165,989,000 over the
value of 1915 crops and $2,867,206,000
over the average of the years 1910 to
1914. Texas held its lead as first State
in value of crops, but Illinois, as sec
ond State in 1915, was displaced by
Iowa last year. The other States of
the leading 10 in order of value of
their crops were Nebraska. Georgia,
Kansas, Pennsylvania, New York, In
diana and Ohio.
******* .?****!
*
* BUSINESS LOCALS *
Ml 0
********** ****** **********
NOW IS AN IDEAL TIME TO
paint and we have it ? either Lead
Oil or ready prepared. Cotter Hard
ware Company.
SEE OL'H WINDOW FILLED WITH
25-cent books. There are many
choice titles in the lot. Herald Book
Store.
SEE Oi l! LINE OF STOVES AM)
Ranges ? we have them from $10.00
up, with all the ware. Cotter Hard
ware Company.
IF YOU HAVE A FARM YOL
wish to sell, write Box 123, Smith
field. N. C.
rwo CARS FINE FURNITURE
ju ,t arrived at Cotter Undeiwood
Coinapny's Store. It will pay you to
look Lefore you buy.
CAR LOAD WIRE FENCING JUST
received. See us for prices that
are right. Cotter Hardware Co.
PELOUBET'S NOTES, TARBELL'S
Notes and Torrcy's (Sunday School
Lessons for 1917) now on sale at
Herald Book Store.
CAR LOAD WIRE FENCING JUST
received. See us for prices that
are right. Cotter Hardware Co.
IF YOU HAVE A FARM YOU
wish to sell, write Box 123, Smith
field, N. C.
\ FEW MORE COPIES LEFT OF
"When a Man's a Man." This is
Harold Bell Wright's most popular
novel. It is claimed to be the best
selling novel in the United States
today. Price $1.35 at Herald Office.
REPORT OF THE CONDITION OF
THE BANK OF PINE LEVEL.
At Pine Level, N. C., at the Close of
Business December 27th, 1916.
RESOURCES.
Loans and discounts $41,960.92
Overdrafts secured and un*
cured 1 1.14 |
All other stocks, bonds and
Mortgages 2,000.00 1
Banking Hoyses . . $1,200.00
Furniture & Fixt. $1,700.00
2,900.00
Demand loans 8,628.74
Due from National Bnks.. 1,859.38
Gold coin 100.00
Silver coin, including all mi
nor coin currcncy 84.57
National Bank notes and oth
er U. S. Notes 3,724.00
Total $62,045.75)
LIABILITIES
Capital stock paid in $5,000.00 j
Surplus fund 400.00
Undivided profits, less current
expenses and taxes paid 760.77
Deposits subject to check.. 44,853.64
Time certificates of deposit 10,688.17
Cashier's checks outstanding 343.17
Total $62,045.75
STATE OF NORTH CAROLINA,
County of Johnston, 1916.
I, E. S. Jones, Cashier of the above
named Bank, do solemnly swear that
the above statement is true to the
best of my knowledge and belief.
E. S. JONES, Cashier.
Subscribed and sworn to before me,
this 4th day of January, 1917.
N. B. HALES,
Notary Public.
My commission expires Mch. 27, 1918.
CORRECT? ATTEST:
1). B. OLIVER,
Z. TAYLOR,
J. R. OLIVER,
Directors.
REPORT OF THE CONDITION OF
THE
MERCHANTS AND FARMERS
BANK,
At Princeton, N. C., at the Close of
Business December 27, 1916.
RESOURCES
Loans" and discounts $30,054.99
Banking Houses.. $1,100.00
Furniture & Fixt. $1,843.94
2 943.94
Demand leans 10,000.00
Due from National Banks 6,859.52
Cash Items 49.00
Gold coin 155.00
Silver coin, including all mi
nor coin currency 848.30
National bank notes and
other U. S. Notes 1,555.00
Total $52,465.75
LIABILITIES
Capital stock paid in $10,000.00
Undivided profits, less cur
rent expenses and taxes
paid 1,203.18
Deposits subject to check.. 35,582.68
Time Certificate of deposit. 5,374.58
Cashier's checks outstanding 207.68
Accrued interest due de
positors 97.63
Total $52,465.75
STATE OF NORTH CAROLINA,
County of Johnston, 1916.
I, Geo. F. Woodard, Cashier of the
above-named Bank, do solemnly
swear that the above statement is
true to the best of my knowledge and
belief.
GEO. F. WOODARD, Cashier.
Subscribed and sworn to before me,
this 6th day c.f Janur.rv, 1917.
W. J. MASSEY.
Notr.ry Public.
Mv commission expires Nov 27, 1918.
CORRECT? ATTEST:
A. G. WOODARD,
A. F. HOLT.
J. W. BAKFR.
Directors. ]
FOR SALE.
The residence of the lr.te J. G. K
Jones, located on the corner of Bar
ber & Lombard Streets, in the City
of Clayton, two blocks from Malt
Street. This is a seven-room hou**
with two large halls, two porches, ha#
electric lights and sewer connections,
has a well in back porch with the
best of water, and a half acre of land,
with barn, coal, wood and chiekei
houses, also has some very fine fruit
trees and grape vines. This property
is loeated on one of the highest
points in Clayton and has Eastera
frontage and the neighborhood cannot
be excelled. This property must be
sold for division. For further partic
ulars apply to O. L. Jones, 213 Lyn.
don Street, Greensboro, N. C.
VALUABLE LAND SALE.
Will sell to the highest bidder for
cash, my home place in Banner town
ship, situated on the Raleigh and
Wilmington road three miles East
of Benson, containing 3 acres.
Time of sale, January 11, at 12
o'clock.
Place of sale, at my home.
J. D. YOUNG.
LANI) FOR SALE.
On Saturday, January 13, 1917, 1
will offer for sale, at the Court House
door in Smithfield, to the highest bid
der, a tract of about 45 acres of land
adjoining the lands of N. G. Rand,
and Paul Whitley. This is an excep
tionally fine piece of Corn, Cottoa
and Tobacco land. All prospective
purchasers are invited to see me and
I will show them over the tract.
Wm. A. SANDERS.
Smithfield, N. C., R. F. D. No. 1,
Box 38.
L. G. STEVENS
Attorney At Law
Office Over The Herald Office,
Settlement of Estates.
Smithfield, N. C.
ED. A. HOLT
Dealer in
High Grade Coffins, Caskets
and Hurial Robes,
Princeton, - North Carolina
F. Hunter Creech Geo. Ross Pou
CREECH & POU
ATTORNEYS AT LAW
Smithfield, N. C.
Offices formerly occupied by Edward
W. Pou. One partner will always
be found in the Office.
gf it
a for
my wife
NO OTHER LIKE IT.
NO OTHER AS COOD.
Pun hn <? th<- "NEW HOMF." and you will hav
a lif. asset at the price you pay Tb<? elimination ( t
repair expen>e by superior workmanship and 1
quality of material insures life-Ions: service at rr,IM*
uium cost. I nsist on having the "NEW HOML
WARRANTED FOR ALL TIME
Known the world over for superior sewing qualities
Not sold under any other name.
THE NEW HOME SEWING MACHINE C0.,0RANGE,MASS
FOR SALE BY
J. M. EEATY
Smith field, N. C.
For Fat her and Son
360 PICTURES
360 ARTICLES
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