davidaulloa/AmericanStories huggingface dataset:
Carroll County democrat. (Huntingdon, Tenn.) 188?-1971, 1918-12-06
Town and County News

AmNm<g>@>@R>RN9>NR8N(
Christmas goods at E. G. Griz-
Yards. Alt
Mrs. Edwin N, HALEY is visiting
in Nashville.
B. o. Palmer was 4 Memphis
visitor this week.
Mrs. w. NJ. Wright spent
Tuesday in Paris,
James johnson, is in Chicago
this week on business.
Mrs. w. E, Haley is visiting
in Nashville this week.
Miss Kathleen Lancaster is
visiting in Nashville this week.
Mrs. Sebe j. Chambers, of
Buena Vista. is in Huntingdon this
week.
Mrs. A. E. Hall spent Thank
giving with relatives in Jones'
boro, Ark.
Edwin Reginald, of Mckenzie,
spent Thanksgiving with Fonville
Freeman.
Miss Lizzie Mitchell, of Nc
Kenzie, is here at the telephone
office this week.
Mrs. w. j. NOEL and children
spent Thanksgiving in Medon,
with her sister.
Mrs. Walter Cozort, of Nc
Kenzie, was in Huntingdon shop
ping Tuesday.
Roekland old-fashioned sugar
house molasses $l.00 the gallon at
E. G. Grizzard's Alt
The PARENT Tea, hers will meet
this (Fri1ay) afternoon at 3 p. m.
in the High School.
Mrs, X. g. Priest returned home
the first of the week, after visiting
at Fulton, KY.
Mrs. G. w, Powley and Miss
Mildred Greene, of Vale, we're
Huntingdon shoppers Friday.
Mr.. and Mrs. Leslie Black en-
tertained with a Thanksgiving din
ner. Covers were laid for nine.
Misses Ara Stafford and Nora
Williams, of near Mckenzie, spent
the week end here with Mrs. Dave
Smith.
Mr.. and Mrs. Pearson, of Mar
tin, were guests of Mrs. Mary
johnson at the johnson Hotel last
Sunday.
Miss G. G. Joyner and children
spent Sunday in Trezvant. with her
parents, Mr.. and Mrs. Charlie
McAuley.
White Frost flour for Christmas
cakes, None better. Prices 100
for a twenty-four pound sack. IN
S. w. Johnson.
Miss Bertha Edwards isin Bnena
Vista this week teaching music
and literary studies for Miss Gle
ments who is sick.
Mr.. and Mrs. NJ. +. Priest and
Mrs. James johnson motored to
jackson Monday night to see All
6. Fields minstrels.
Carroll County democrat. (Huntingdon, Tenn.) 188?-1971, 1918-12-06

Speak well of every one if you
speak of them at all-none of us
are SO very good.
New-York tribune., 1918-03-04
Canada's Wool Sales
cooperative Arrangement
Proves a Striking Success

The selling Of Canadian wool CO.
operatlvely on a graded basis has
shown a great increase since its inccp-
tion in 1914. In that year 206,12o
pounds of wool were graded for socic
ties organized in four provinces. name
ly, Ontario, Quebec, Manitoba and AL
berta. In 1915 the number Of organiza-
tions formed for this purpose ncrea scd
to 10, and approximately 42O, 600 pounds
OF wool were classified and offered for
cooperative sale. In 1916 wool OFFERING
reached q total Of 1,721,598 pounds.
Last year the total quantity graded was
2,o91 ,909 pounds, with a value of
$1.32l ,G82
Previous to the shcarinc public
warehouse for wool storage was cstab
lishcd at Toronto to which associations
could ship in the event of their having
difficulty in disposing of their CLIPS at
points Of collection. The Southern AL
berta and Southern Saskatchewan as
sociatlons, representing approximately
100000 pounds Of wool, took advantage
Of these storage facilities, shippinr
their wool to Toronto. The average
price obtaining over Canada for wool
sold cooperatively was about 63 cents.
New-York tribune., 1918-03-04
Big Increase i'm
u. S. Rubber Sales
Were More Than $4o,OOO,O 900
Greater Than in 1916; New
Co1npany FOR Far East

The United States Rubber Company
1917, issued to-day, shos that net sales
amounted to S176,159 900, an increase
Of more than S40,0OO,O00 over the pre-
ceding year Before deducting interest
charges ard setting aside reserves for
Federal income and excess profits taxes
the net profits were $24,423,9 1858, COM
pared with S15,796,389 in 1916.
There was deducted for government
lcvies and the business profits on Ca
madam properties. s3,465,52o; for plant
depreciation, S1S00,000; reduction of
inventory values, $1,000,0o0 and for in
terest charges, $3.117,S56. leaving bal
ance available for dividends of $15,-
$40 $40. This sum, after allowing for
preferred dividend payments amount
ing to S4,961 $40, was equal to 28.S per
cent on the $36,000,000 outstanding
common stock, compared with 15.1 per
cent earned in 1916.
Samuel P. Colt, president of the COM
pany, states in the report that in con-
ncctlon with the funding oc the indebt-
edness in the early part of the year
into $50 00o,0 900 thirty-year per cent
bonds there has been charged of
against surplus the entire discount or
the bonds, and the amount Of the fund
ing expenses, amounting in all tc
S5,362 ,612. Charges to provide fol
doubtful assets were 81 1,583,S29.
Announcement is made in the report
that the United States Rubber Planta
tions, lac., with S10,O00,00O preferred
stock and S20,000,000 common stock
has been formed to take care of the
Far Eastern plantations. M. Colt says:
with our country at war we have
received larger war orders than in any
previous year. and yet these only rep
resent about 5 per cent Of our tota
business. There is every indication o1
our company doing in the present yea,
business even larger than in the last
and while the uncertainties of the
trade are greater than in normal times
we look for satisfactory results"
New-York tribune., 1918-03-04
Sues Brokers for $2o1, 1895
Action Against Hubbard Bros.
& Co. Begins TODAY

The trial of an. action brought by
Barber, Watson G. Gibboncy, of 165
Broadway, as counsel for John L. En-
erson, receiver of the Mercantile Bank
of Memphis, Tenn, to recover s201 ,S95
from Hubbard Brothers e. Co., cotton
brokers, Of &c Beaver Street, will be-
gin to-day in the United States Dis
trict Court.
1t is alleged that the S20l 1896 is part
CT S8oO,O0o Of the banks funds used by
Z. Hunter Raine, acting president of
the institution, in improbable specula-
ton IN cotton futures through II.
-Kcesc, director, acting as representa-
tive Of Hubbard Brothers &. Co.
Under agreements which have the an
proval of the State Superintendent of
Banks in Tennessee, Reese. by the pay
ment of $4,000, and Hubbard Brothers
q Co., by the surrender of $1,000
worth Of stock, put up by Reese as col
lateral, have been released from re-
sponsibility and litigation in the courts
of that state
New-York tribune., 1918-03-04
Food Problem After the War

Can the hunger gulf be bridged ?
The arrival of peace will in all proba-
bility prccipitate food crisis through
out the world.
How may the world prepare itself
for the coming battle against famine ?
Great Britain is getting ready to
meet this issue by laying farsccing and
comprehensive plans for putting the
returning soldiers on the land.
Schemes Of land purchase taxation OF
unused land and other measures are
beng considered. The dcvelopmcnt
and production Of modern farm ma
chlnery are being FASTENED and in
creased and the use OF waste and yn-
cant lands is being intc!ligentIv and
pcrslstently promoted.
The Crosscr bill now pending in Con
Gress, providing for the colonization OF
public lands and for tho purchase of
other idle land for colonization. pojnta
mo way TO the solution of this press
ing problem; and by providing for tho
advance on casy terms and long time
of money to mako the lands productive
htr chief obstacle to the back tot
land movement is removed
Such law would help greatly to de-
Yelop the Wild landg OF Western Michi.
gan
We should be getting ready now to
take the boys out Of the trenches and
put them into the furrows.-- Western
Wtch'Nan DcDcf0pmcni BlWcnu.
New-York tribune., 1918-03-04

Pronounced frmness characterized
the local money market situation
during the past week. Banks were
compelled to restrict their OFFERINGS
Of call funds in order to keep their
reserves intact while subscribing for
the Treasury Departments latest is
sue of certificates of Indebtedness
The surplus reserves Of the local
Clearing House banks were reduced
to around s12,000,O00, the lowest
level, with the exception Of one week
in September of 1917, since the.Fed
eral Reserve banking sXfaesa was
started. In December last ah.e sur
plus reserves Of the local banks at one
time amounted to S150,oQ0,000. The
great reduction IS due in large par,
to the increasing demands that the
government is nagang on the bank
ing resources at this centre. Anoth-
er adverse factor in the money mar
ket is the larger credit demands i'm.
posed on the banks by industrial coa-
Germs, owing to the delay Of goods i1
transit because Of the Transportation
congestion. This condition, however
viii improve with the restoration OF
railroad operation to normal. The
tirhtness Of the call money situation
last week made it necessary for thc
banAers' money committee to ster
into the market, and substantial loans
were made from the committed,
$2G0,oo0,000 pool. Lending institu-
tions are still aversc to putting out
funds for Gxed periods, and borrow
ers arc being forced TO resort to the
call loan market 70 obtain accommo.
aatiou. This has brought increased
New-York tribune., 1918-03-04
Record Tobacco Crop
La Sanfo Domingo

The tobacco crop this year IN report
ed 70 be tho largest in the history Of
The Dominican Republic It IL various
~ estimatcd At from 5000 to $50, 800
ba'es~ About one-half Of this crop has
been bought up, tho farmers holding
the other half. Tne price has been
2zround s. bale, with an upward trend.
Buyers are nov offering $3.50, and the
farmers arc holding out for 81. Very
little tobacco haa been shipped less
than z1,o9o baios altogether. Puerto
Plata 10 at present literally oyeroAw.
Ing With tobacco, eycry available space
being uaed for storing.
New-York tribune., 1918-03-04

last week, although the price trend
was increasing irregularly, owing,
no doubt, to the hesitancy of the
trading element to take up definite
stand with regard to current COM
1uitments pending the outcome Of
number of important Developments.
Unquestionably the catastrophe that
has oyertaken Russia induced some
selling Of securities on the belief that
this means longer war. But most
Of the selling of stocks was for pro-
fessional account Of traders who
bought at the beginning Of the re-
covery, land, finding the movement
apparently halted for the time being,
made it the occasion to take profits.
Perhaps the most striking feature Of
the stock market at the moment is
inability Of operators for the decline
to bring out stock. Although prices
en- the whole have worked slightly
lower there has been no resumption
of liquidation, and this is as true Of
bonds as it is of stocks.
Trading in the bond market dur
ing the week continued on light
scale, with comparatively small
changes in quotations as compared
with the preceding week. The prin-
cipal feature was the broadening in
oIliry for municipal bonds, which is
attributed in part to the relatively
small amounts that have been issued
in recent months. New York City
sold another So,O00,00O block Of reve-
nue. bills on a 4a4 per cent basis,
compared with rate of az per cent
Gil the issue sold the week before.
Investors Of large means are buyers
Of municipals, owing to their tax ex-
einpt features. The announcement
Of Secretary Of the Treasury Nc
Adoo that the third Liberty Loan
viii be brought out the first week Of
april was an interesting develop
n.ent from the standpoint Of The in
vestment market, inasmuch as in
vestment houses can now make their
plans accordingly. In important
financial circles it is not believed
that the general investment market
will do much from now on until after
the loan campaign is over. In the
meantime the details Of the loan are
awaited eagerly, nothing as yet hav-
ing come from Washington as to the
interest rate OF the maturity, al
though the increase in the rate Oh
the certificates of indebtedness to a Y
FER cent has been generally accepted
to mean similar rate on the
third Liberty Loan bonds. Corporate
financing continues at low ebb, due
to the disposition of private enter
prises to leave the capital market tc
tie government. Also the interest
that must be paid for capital bor-
rowed in the open market at the pres
ent time is wellnigh prohibitive
Congressional action on the war
finance corporation bill is being
awaited by many concerns which are
in need Of capital for refunding and
other purposes. In February Ameri
car industrial and railroad corpora
tions borrowed less tnan 100000
against 1925, 100000 in the CORE
spending montn of 1917. These fig
ures serve to illustrate the extent tx
which the curtailment of corporate
financing has been carried. Of tht
new issues brought out in February
approximately S50,000,O00 consisted
OF notes on which the average inter
est rate was around 7 per cent.
New-York tribune., 1918-03-04

activity in call money, while the
market for fixed date funds has be-
come to all intents and purposes
purely nominal affair.
New-York tribune., 1918-03-04
The Lesson Of the F famous "Greenbacks''
Which Is That Issues Paper Money Invariably Bring Trouble High
Prices and Discomfort With Long Period of National
Headache and Repentance as the Aftermath

New York, Boston and Philadelphia
hod been so feeble as to be a'm-st a
total failure.
New-York tribune., 1918-03-04

rank in the House, and destined for a
long and distinguished career in both
houses, said:
New-York tribune., 1918-03-04

If it be n war measure. il is measure a1e
which will re of greater at.vantase 70 ls'e
or,'n,v would as soon provae Chinese
Wooden suns for the army as paper money
alonc fer the army. 1t will be breach OF u
nubic faith. 1t will injure creditors 1t
will increase prices: it will increase many
fold the cost OF the war.
New-York tribune., 1918-03-04
By Hon. George E. Roberts

I'm the monthly circular Of the
National City Bonl: of Neao Yorh.)
New-York tribune., 1918-03-04
The First War Loans


Nevertheless, circumstances COM
pellcd him to look to Wall Street for
help. 1T was impossible to borrow
money abroad, and New York was the
financial metropolis of the country
Congress was convened in extra ses
sion, and on July II and August 5.
1861, passed loan bills authorizing the
Secretary to borrow S250,00O,000 on
three-ycar Treasury notes, drawing
7.30 per cent interest, or twcnty-vear
bonds drawing per cent. It also
authorized the issue in lieu OF n part
of the above Of 100000 in non
intercst bearing notes, to be paid out
for salaries or other dues of the United
States.
These "dcmand notes." as they we're
called, wero the first OF the paper
money issues, but they were not what
came 10 be known MS the "grccnbacks." :"
They were not legal tender. and thcy
were receivable for all dues to the gov
crnment, and Mt first were redeemed in
coin on demand.
Armed with this authority Secretary
Chase came to New York. and met the
New-York tribune., 1918-03-04

The main contest over the bill was
upon the legal tender clause, and after
that was adopted its passage was Ger
tain. After the vote on this question
the Washington correspondent of THE
Albany Evening Journal" sent a dis
patch to his paper from which the tol-
lowing is an extract:
New-York tribune., 1918-03-04

lie argued that there was still an
actual shortage Of currency TO handle
the business Of the country, saying:
New-York tribune., 1918-03-04
Roscoe Conkling, then memocr OIL
the House, said, in part:

What is the necessity which prevents adc
hcrence to the old and approved methoas OF
raising money? The arguments mo5S pc
4worold: First, that TIE people VIII De
hatfer ready at some other time than the
present to pay what, in the end they mus
pay with interest; and. second, that neces-
sary aud legitimate taxation will be uapop-
ular and bring denunciation uDon those
who vote it. Sir. 1 take issue upon to'n
pronositions. We are able to pay
now, and we never can pay better than
The Washington herald., 1918-03-28
The Old Flag Has Never Touched the Ground

Oh tell the world the story about our dear Old
Glory.
She's been honored for so very many years;
She has lead fields OF battle where guns and
ratified
And has caused many loud and merry cheers;
She to so glorious for she has always
been victorious
In every she has yet been found
She has always looked so proudly and her praise
proclaimed so loudly,
For the old flag has never touched the ground.
She has never touched the ground no. she's never
touched the ground
No oaptor has yet been found;
In and in peace she has floated to the breeze
And none has dared to take her down.
She's had such lofty station, has been the pride
of all the nation,
Ever since our independence has been gained
She has stood for what is right, has been backed
by power and might,
And with dishonor she has never yet been stained
She represents democracy, which challenges autoc-
racy
In any country where it may be found,
For in freedoms noble cause her people never
pause
And the old flag will never touch the ground
For boys will keep her waving in the battles
they are Drawing,
And stand by her with courage good and true.
They'll be determined in each fight to die for what
is right
In honor of the old red, white and blue
And when the war is finally ended and the big
monarchs descended
And liberty throughout the world abounds,
Every shout will raise and all join in the
For the old flag that has never touched the
- Copyright, Io1s)
&c w, MARBLE
The Washington herald., 1918-03-28

Trance was being bled white by wars ravases. 1t
was, and our hearts bled the suffering OF the
brave sons of sister republic, but q new France
will arise out of the war; and that will be an ad-
vance in civilization.
But far and away the greatest burden bearer has
been Great Britain. Money by the billion and men
by the million, and never sign of complaint With
characteristic tenacty the bulldog of Britain gives
and takes-but bleeding, bleeding, bleeding all the
time Neither in defeat in victory the people
disheartened or unduly elated. Laconc utterances
by Hag are in striking contrast to the bombast
and lies of Won Hindenburg.
Ifiwe are to have a civilization after it is all
over it will be because of England. Let us not
overlook that fact. We of the United States be-
lieye we are going to the day, and in truth We
are-yet remember that but for the British officer
and the British Tommy there would not have been
any day to save.
With London and Paris in German hands where
would we be2 Let US face that thought as we 60
on, and let US not be misled by the propagandist
who would stir up diversion against any ally-be it
Britain or Japan or any other
The Washington herald., 1918-03-28
The Tax tumble.

The country faces the problem OF collecting
s3Soo,ooo,ooo due from incomes and excess profits
based on last years business Some forethought
has been shown in making the taxes payable in
four installments The wisdom of this can be
CLEANED when considers that the collection of
such an amount at once could but shake the
money market in spite of itself
But the revenue bill is beginning show the
signs of impracticability that were suggested in
many quarters during its journey through Congress
Considerable of the time allotted has already been
taken up in trying to find some sane definition of
the limits of the excess profits tax and the income
tax provisions have aroused such confusion that
thirty-day extension Of time has already been made
The provision for instament payments has
already been upset to large extent, and the fault
does not lie with the taxpayer. Payments cannot
be made before legitimate assessment is made
and even if these voluntary payments made
they could not help confusing the final payments
when official assessments are made known.
The situation is one that calls for immediate
action. Something should be done once to avert
a tying up of funds that might prove disastrous in
financial circles.
The Washington herald., 1918-03-28
INCREASE U. S. STEEL
PAY ROLL 90 MILLION
IS Per Cent Raise to 268.0OO Men
from April IS.

New York. March 27.-Employes of
the United states Steel Corporation
and its subsidiaries. numbering about
26s 900 men, will receive. on April l..
a wage increase Of Is per cent il was
announced today by Judge E. II. Gary.
president The increase. the NTH
given TO steel employees since the war
started, will add $5O.ooooOO yearly tc
the payroll.
After making the wage increase an.
nouncement. Judge Gary explained
that the corporation had decided
against adopting a fat S-hoUr day for
employees. although 8 per cent Of its
workers. including those laboring
under ground and at other hard tasks
work on that basis The corporation
he intimated. had adopted a policy
which resulted in the most eficienl
service.
The conclusion arrived at today. 81
said he. has been largely Influenced
by our belief that the largest produc.
ton will thereby be secured. This /.
always essential and especially i'm
portant in times like the present
The Washington herald., 1918-03-28
Deeper and Deeper.

The conversation in the lobby OF a Washington
club turned to the way in which we occasionally
sink deeper and deeper trying to extricate our.
Vermont recalled little incident along that line.
One OF the features of entertainment that
selection by a woman. Midway in the audience a
meek looking little listened attentively.
That is the most atrocious singing | ever
heard" remarked a woman to the meek little man.
81 wonder who the vocalist is?"
"She is my wife," was the startling rejoinder OF
the meek little
"Oh, beg your pardonr responded the other
greatly flushed "Thc fault may lie with the music
which is really barbarous. Have you any idea
who composed it,"
Yes, madame" replied the other. administering
yet more embarrassment. 81 did"-Philadelphia
Evening Telegraph.
The Washington herald., 1918-03-28
ROOSEVELT STARTS
ON TRIP TO MAINE

New York. March 27.-The sur
geons did not remove any Of Col
Roosevelt's punch while hr was in
the hospital some weeks ago. and
they didn't cut out his famous
smile, either This was evidenced
today when he and Mrs. Roosevelt
alighted at the Grand central sta
tion from their automobile in which
they had journeycd from Oyster
Bay. Cheers greeted the former
President as he passed through the
station to board a train for Port
land. Ne. where he is TO deliver the
opening address at the Republican
State convention. The Colonel said
he felt fine
Civ" it to 'cm. Teddy" shouted
an cnthuiastiC Republican.
The famous teeth CLEANED as Col
RoosCvclt's head jcrked toward tn,
speaker.
You just bet I will" he re,
sponded