davidaulloa/AmericanStories huggingface dataset:
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1925-12-06

in home for the family, piece of property that
will improve in value necessary addition to the
household, and who buys, obligating himself to
make payments that HE KNOWS HE CAN
MAKE is not in the class of the debt accumulation.
Millions of men have owed their prosperity to
their ability to where values would increase, in
securities, in land, or otherwise They have bought
AT Low PRICE, and gradually paying lOithin
their means they have secured for themselves the
increase in price which their foresight told them
was coming.
Similarly, men that have wished to give addi-
tional comfort luxury to their family have pur
chased on basis of gradual payment, the needs
of the family, never, however, mourning any obll
cation BEYOND THEIR MEANS. And those
are not mere borrowers, but investors, getting
NOW what is NEEDED now with certainty of
being able to pay for it.
This editorial is written for those that reck-
lessly incur debts merely for convenience, merely
because it is so EASY, because they have lost self
control because it is easier for them to deceive
themselves than it is to work.
DEBT CREEPS UPON YOU SLOWLY
AND INSIDIOUSLY. A little pet of debt grows
bigger and bigger and finally overwhelms YOU
You owe in one place, then in another. You
make bigger debt to pay off smaller one You
are like the character in Dickens who made one
note to pay another note, and said Thank God,
that debt is paid"
Among our Jewish fellow citizens, for GEN.
turtles, there has existed as semi religious Gus
tom a habit that might well be borrowed by every
other race and every other religion
Once every year the Jewish people make it
point to settle all debts and start free.
They were the inventors of the 'notes' with
which so many of us run into debt They didn't
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1925-12-06

and the New Year, and the usual start of resolu-
tions
For your own happiness in life, for safety in
old age and for the sake of those that depend upon
you you can make no better resolution than this:
Pay debts NOW OUing, make no NEW
debts, get free, however hard the struggle, and
then STAY OUT OF DEBT.
Benjamin Franklin knew something about
debt and something about the cost of keeping
free from debt. He went without eating meat
that he might have money to buy books. And
his writings are constant warning against the
foolishness illustrated in this cartoon.
"HE THAT GOES A BORROWING,
GOES A SORROWING."
That was one of his warnings, and it is the
truth ri.
Another, as many to their sorrow, know only
too well, is this:
"A man may, if he knolUs not hoU to
saUe as he gets, keep his nose to the grind
stone"
Much of borrowing is based on vanity.
man wants to keep up appearances" He wants
his wife and his children to be as well dressed as
any other mans family He wants THIS, he
wants THAT, and with his piling up of debt, he
is mourning future misery for all concerned.
Again, hear old Franklin:
"IdIeness and pride tax lDith heavier
hand than kings and parLiaments. If Ue
can get rid of the former, Ue may easily
bear the latter"
In dealing with debt, it is necessary to dis
tinguish between mere foolish running into debt
and INVESTMENT with carefully planned
future paying.
A man who lives as he cannot afford to live,
and borrows to make up the difference, running
into debt is preparing trouble for the future.
A man who sees good opportunity to invest
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1925-12-06

are torn and bounded, pursued and harassed by
it, when full grown.
Debt causes WORRY That deadens the
brain, and adds to incapacty
Debt DIMINISHES COURAGE. The man
in debt is man COWED; no man can do his
best when he is frightened and worried.
Debt Injuries reputation When you are in
debt everybody knows it, or you IMAGINE that
everybody knows it.
Debt kills thrift. Nothing is easier than
borrowing, running into debt as long as it lasts
Saving a little when you owe lot, seems
"hardly worth WHILE"
You have often noticed that the man most
deeply in debt is the most reckless spender. It
isn't worth while for him to save, "HE OWES
TOO MUCH" little more won't make any diff
ference
Debt is discouraging.
Life is a race, and the man in debt is like
man entering race with an iron ball and chain
fastened to his ankle He feels that he can't win,
and HE DOESN'T WIN;
Neither borrower nor a lender be;
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry."
Shakespeare puts the whole thing thus in
three lines.
If you lend you lose the money and the friend
to whom you lend. And borrowing dulls the edge
of husbandry." 1t destroys capacity for good
financial management
There are one hundred and fifteen million
human beings in the United States. How many
do you suppose, among the full grown, possess
more than they possessed last year, in actual
PROPERTY OR MONEY?
How many of the one hundred and fifteen
millions do you suppose owe less than they did
last year?
And how many OWE MORE than they did
last year?
Thanksgiving is gone. next come Christmas
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1925-12-06

invent notes, written obligations to pay, etc.. in
order to accumulate DEBT. They wanted in
their travels to carry with them wealth in such
form as would be utterly useless to thieves of
all kinds, from the highwayman on the road to
the nobleman in his castle.
A note signed by Isaac of York was worth
its face value in gold anywhere along the road
from England to Constantinople, but it was
worthless to anybody but the person for whom
it was intended
} That was a great invention, great saving
and bitter disappointment to plebeian and noble
highwaymen.
And that same note, so easily signed, so
swift in it's day of maturity, has been the curse
of millions that lack will power that means safety
from debt.
This editorial is sort of Thanksgiving anti
climax. It isn't pleasant reading, except for
those that are OUT OF DEBIT
But this picture and this editorial unfortu-
nately are needed by millions of Americans.
Every city is infested with So called loan sharks
that hang about big institutions, lending to the
workers at extortionate rates of interest," getting
them deeper and deeper in their debt.
Millions every month are thus taken from
weak minded workers of all grades by profes-
sional usurers. The transactions are private"
The miserable borrower is afraid to have it known
that he is borrowing The lender knows that his
victim for his own sake will keep his mouth shut
and pay as long as he can pay
And debt has evil effects worse even than the
debt. A man made desperate by the amount that
he owes risks all that he has in some foolish gam
bling speculation, trying ''to get even" and thus
completes his downfall
Debt diminishes earning power; a discour-
aged man cannot get ahead.
Debt diminishes resourcefulness and ability.
man worried cannot use his brain to the best
advantage.
If anybody offered you cunning little grizzly
bear, soft, playful, affectionate, apparently harm
less, you would say, "Not if have to keep it, not
unless can kill it, skin it and make nice rug
out of that soft fur. know what that bear will
be like when it grows little older"
The wise man feels that way about debt, so
convenient, so SOFT so easy in the beginning, such
ruthless master in the end.
KEEP OUT OF DEBT and you keep Free
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1925-12-06

HAT warning has stood in the
Book Of Proverbs for many con-
turtles, and a thousand warnings
like it are in the writings Of wise
men and in stories Of ruined lives.
Still, men take debt as pleas
ant convorient: little nat till thew
San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1925-12-06

this that "pet when full
of DEBT OUT OF TROUBLE
iOn
first inaLyh polrer its
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-23
128 Graduate at Bates
Honorary Degrees to Four
CHARGE WORCESTER
MAN WITH Staying
MRS. PRICE IN BOSTON

Boston, June % - (AP) = Frank
Corey Of Worcester, arrested in that
city today on a Boston municipal
court warrant. was brought here to-
night and was formally charged
with the murder in the first degree
of Mrs. Mae Price. of New York,
wardrobe mistress of the Brown
Derby Musical Comedy Company. IN
the Hotel Hollis here the night of
last May 81.
Corey, who is known as "the wop,"
and who has served time in the Fort
Levenworth penitentiary for robbery.
under the name of Frank Costello,
registered at the hotel on the night
of May %, the police say. He check
ed out on the 10Th. but returned and
registered on the night of the 30tn,
1t was said. No rooms were available
in the hotel that night, records show,
but the police say Corey was seen in
the vicinity several times that night
and early the next morning.
The body of Mrs. Price, who was
ported, when thrown face down on
her bed after an apparent struggle,
was found about 10 o'clock the
morning of the 31st. She had been
dead since about 2 o'clock, the au-
topsy showed.
A sum of money, which she was
known to have had, as we'll as sew
eral envelopes containing salaries of
some of the chorus girls which she
was in the habit of keeping for
them, were missing.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-23
AlgarssOn Not
To Attempt Pole
Flight This Year

Liverpool. June 2z-(AP)-Smiling
at i'll fortune which has logged them
for the last few months, Greta Al
CARSON Of Victoria, B. c., Comman-
der Morsley and the little band Of
volunteer explorers who make UP the
crew of the steamer Iceland, sailed
down the Mersey to the open sea this
aftrnoon beginning an attempt to go
farther north than any Polar expedi-
ton this year. -
They have Amundsen's mark before
them. and will also have to compete
against the Macmillan expedition,
honors of the north in exploration
and scientific research.
Algarsson has abandoned his at
tempt to fly to the North Pole this
year in a small dirigible as he PLAN
ned at first to do and like the Mac
MILAN expedition but on much
smaller scale, will confine his activi-
ties to Geographical survey in the d.
rection of Gillis Land. Preparations
will be made for Polar flight next
year. Algarsson's expedition has
been delayed at Liverpool for two
months for lack of funds.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-23
False Deposition
Claimed in Divorce
Case of ThOmases

Providence, r. l., June 22-(AP)-
Testimony to the effect that false
deposition was presented as evidence
in the divorce case of Genevieve e.
Thomas, of New York City, against
Edwin T. Thomas, was presented by
state witnesses today in opening the
trial of Leonard w. Horton, master
in CHANGER, and Francis p. Dougher-
ty both Providence attorneys indict-
ed after the so-called Rhode Island
divorce mill" investigation. Horton
was named in q indictments brought
by the grand jury and Doherty in
nine.
The indictment on which they were
brought before Judge Hahn and
jury in September court for trial
today charged conspiracy to defeat
public justice by uttering and pub
fishing a deposition which they knew
to be false, fraudulent and untrue
deposition" The trial will be re-
sumed tomorrow.
Five witnesses were called by the
state. Charles c. Gilbert, assistant
clerk of the superior court, identified
various signatures as those of Hor-
ton and Doherty and papers as those
connected with the Thomas case and
the divorce cases of George Franck
against Dorothy Franck and Flor
ence l.. Baird against Watson Baird.
Emmanuel George Rands, the states
chief witness, who has been held in
$4,000 bail since May 1, testified to
having signed the deposition in
Thomas case but denied knowledge
of the contents of the deposition car
ried above the signature George E.
Rands." He declared statements
contained in the deposition false.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-23
Middies Nose Out Uni
versity of Washing
ton in College
Classic
University of Wisconsin Third,
Seven Lengths Behind-Offi-
cial Time 10 Minutes, "a As
Observation-Disclosures Wins
Junior Varsity = Syracuse
Takes Freshman Event

Poughkeepsie. N. r, June 22-(AP)
As a gray twilight settled lazily
across the historic stretches of the
Hudson River late this afternoon a
Navy crew. championing the cause of
tho east, ghosted its way to a thrill
ing triumph over six other college
crews in the four mile varsity race,
blue ribbon event of the 2Sth annual
regatta of the intercollegiate Row
ing Association. A boatload of hus-
kies from the University Of Washing
ton trailed the Middies' shell across
the finish line by three quarters of a
length, with the University of Wis
consin third, seven lengths behind
the flying leaders.
But Washingtons defeat in the
varsity event was partly vindicated
by crack junior varsity eight swept
its way to an impressive victory in
the y V" race, leading Cornelps
crew across the wire by three quar-
tiers of a length of open water. Penn
sylania finished third in this event
two lengths behind Cornell.
The east triumphed in the Freshman
event when Jim Ten Eyck's crack
yearling crew from Syracuse Univer-
sity led a parade of five shells to the
finish, winning by a length and one
half. Pennsylvania finished second
three lengths ahead Of Columbia.
TIL !, varsity race from the start was
a two boat affair with the Naval
Academy and the Washington shells
jockeying for position right to the
wire. in as hard test as has been
Continued on Page 5Col. 81
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-23
Successful Trial
OF Rotor Boat
Designed at Tech

Cambridge, Mass, June 22-(AP)
The rotor boat recently designed
and built at the Massachusetts In
stitute of Technology was given a
trial on the Charles River Basin to-
day which was described as success
full. With the rotor mast making 100
revolutions a minute, the boat cross
ed the basin twice and circled
around for some time. No attempt
was made to measure her speed.
Lieutenant Joseph M. Herman.
U. S. N, and Lieutenant w. w. Has
tings, u. S. N, designed the boat as
part of the constructors course at
the Technology school of naval
architecture. During the test there
was a IL mile west wind which kick
ed up white caps on the river.
The boat is 35 feet long and eight
feet in depth. The rotor is three and
one half feet in diameter and nine
and one half feet high. A gasoline
engine operates a dynamo which
feeds a small motor and this in
turn rotates the rotor mast. Its de-
signers say that whereas it would
require the generation of 10 horse
power to drive a boat of this size
six miles an hour by the use of a
propeller, the rotor in 10 mile wind
can drive it seven miles an hour
with only one and one half horse
power.
A seven foot disk on top Of the
rotor is stationary. In this respect
it differs from the disk used on the
Flettner rotor ship invented in Ger
many, which revolves with the mast.
The designers are trying to deter
mine whether an advantage is to be
gained from keeping the disk sta
tionary.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-23
MACMILLAN N0SING
WAY NORTH FROM
MONHEGAN ISLAND

Monhegan Island, Me-. June 22-
(AP)-The schooner Bowdoin, which
left here yesterday noon with Lieut..
Commander Donald B. Macmillan
and other members of his Arctic ex-
petition. was well up the coast of
Maine today. With fair weather,
friends of the explorer here be-
lieved she would be off the Bay Of
Fundy by nightfall.
The Bowdoin is due to reach Sgd
ney, N. S., on Thursday, her first
stop after leaving this island. There
she will be joined by the steamer
Peary. which went ahead after TAX
ing fresh water at Boothbay Harbor,
without stopping here. Fuel will be
taken on at Sydney after which the
two vessels will proceed to Battle
Harbor. Labrador, always port of
call for the explorer before he pro-
ceeds to Etah, Greenland.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-23
Big Number Of
Amoskeag Workers
To Loaf a Month

Manchester, N. H., June 22-(AP)
A large number of Amoskeag mill
employees will be forced into idle
ness for a period of nearly one month
az the result of companys announce
nent today that the fancy gingham
department would close next We'd
nesday night until the middle of July.
For the past few weeks textile
employees in this city have been UNI
settled in mind because of rumors
that a three months shutdown was
to be the order for this summer.
The order affects fancy ginghams
only but as this line is one of the
corporations largest, large number
of operatives will be affected. The
remainder of Amoskeag departments
will continue on their present sched-
ules until further notice.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-23
PRESIDENT AND
WIFE START TODAY
ON n, f. VACATION

Washington, June 22-(AP)-The
presidential desk was cleared today
and Mr.. and Mrs. Coolidge are ready
for their departure tomorrow after
noon for the summer white house at
Swampscott, Mass.
Although expecting to be gone for
two months, the President had a rel
atively light day, having previously
disposed of practically all urgent BUSH
ness. His time was devoted chiefly
to receiving government officials, say
ing goodbye and in cleaning up cur
rent business and tonight he addressed
the semi-annuai government business
meeting.
Everett Sanders. secretary to the
President. and Edward T. Clark, his
personal secretary, will accompany
Mr.. Coolidge to his summer retreat.
with corps of White House employees
sufficient to carry on such business
as the President finds necessary.
Colonel S. A. Cheney. military aide
to the President. and Major ]. F..
Coupal, the Presidents physician, will
accompany Mr.. ard Mrs. Coolidge on
the train. Mrs. Saners also will be
a member of the presidential party.
The train will leave tomorrow after
noon and arrive in Salem, Mass, early
Wednesday morning. The four-mile
trip from there to Swampscott will
be made by motor.
President Coolidge's only engage
ment tomorrow is with his cabinet,
which meets in its last regular session
probably until fall.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-23
Two Destr0yers
To Join Dry Fleet in
New England Waters

Boston, June 22-(AP)-Two navy
destroyers are expected in this port to
aid an additional fleet of IA small
rum chasers which arrived yesterday
n Patrollng New England Rum Row
waters, Captain P. H. Uberoth, COM
mander of the coast guard division
here. said tonight. Another sea-
plane reinforce the fast little scout
that arrived at the Squantum re-
serve aviation base some weeks ago.
also Is expected, he said. The New
England Rum Row between Cape
Ann and Boston, % miles off shore,
now numbers II vessels. most Of
them hailing from Nova Scotia, b
recent airplane survey showed. -
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-23
Says Govt. Owned
Shipping to Blame
For Trade Stagnation

BRUSSELS, June 22-lAP)-The iIns
portanf bearing the early settlenent
OF war debts has upon the economic
situation Of the world was ara3n
emphasized at the congress of the IN
ternational chamber of commerce. ~.
day Sir Alan G.. Anderson. DEPUTY
governor Of the Bank of ENGLAND.
speaking on shipping problems, de.
ciared that until the debts were out
9 tine way the recovery of the Ian,
gulsninga maritime trade would b
II .ossible.
/ The British delegate bore rather
narshly upon government-owned
snipping, asserting that it was partly
responsible for world trade stagnation
ana furnishing figures to show how
prontless 1t was. Australia. The said.
lost 100000 pounds sterling ON her
meet the United States $4,000, o0e
pounds, Canada 6,250,000 pounds
sterling, and France $500, 900. : rs, d
National maritime f1eets,"a2 con-
tinuedg Sir. Alan, .'are an expensive
luxury. Flag discrimination is more
dangerous than the plague. !.
Sir Alan was understood by some
or the delegates to allude In his re-
terence to flag discrimina tom to
the attitude fthe United States in
reserving coastal trade strictly to
American vessels. A reply will be
forthcoming from the American dele-
cation II any specific reference 8. to
that question is made during Ne
congress.
The British representative said
that II world trade returned to the
point where it stood before the war,
there would be enough work for the
entire worlds tonnage, but twelve
million tons of shipping was laid MP,
while some owners were breaking I'M
their ships. The world carrying
trade had decreased 90 percent as
copared with 1913. while the tonnage
had increased ten million tons.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-23
Governor Brewster One of
Speakers - Stresses Need
Educated People Taking
More Interest in Affairs of
Country - 625 Served at
Commencement Dinner

Lewiston, Me-, June 22-(AP)-One
hundyed twenty eight members of the
class of 1926 received their degrees
at the 59th annual commencement
exercises in the Bates college chapel
this morning. Governor Brewster
with his staff was among the dis
tinguished guests. Theses were de-.
livered. by Miss Priscilla E. Frew,
Rumford; Lewis E. Walton, Whit
man, Mass; Miss Ursula z. Tetreau,
Portland; and George c. Sheldon,
Augusta, four of the honor students.
Honorary degrees were conferred
on Rev. Milo Pearson, Auburn; Har-
ry A. Brown, Bates '03, president OF
the state normal school, Oshkosh,
Wis; Oscar c. Merrill, Bates 's9. ex-
ecutive secretary of the federal wa
ter power commission, Washington.
D. c.; DIR. A. o. Thomas, state COM
missioner of education.
commencement dinner in the ar
mory was served to CPS. Governor
Brewster, Mr.. Brown. Mr.. Merrill,
DIR. Thomas, H. S. Cowell, rs, Ash
burnham, Mass; Mrs. Ethel G.
Continued on Page 1o-col. 81
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-23
Budget Director

Washington, June 22-(AP)-Crit-
les of the administrators economic
policy were answered in detail to-
night by Director Lore of the budget.
in speech which. with one by Pres
ident Coolidge, outlined the govern
ment's spending program for the next
year before a meeting Of the govern
ment executives.
Calling upon each supervisory Off
cial in the spending agency Of the
government to remember his promise
to the taxpayers, General Lord COM
piimented the officials ON the prog
ress already made in accomplishing
savings and eliminating waste, but
quoted the presidents statement that
Continued on Pare 10-CcI. Ell
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-23
Financier De Kay.
Gives Bail in Case
Of Atlantic Bank

Providence, r. l., June 22.-fAP)-~
John Wesley De Kay, financier, sports
man, playwright and author, arraigned
before Federal Judge Arthur l.. Brown
mere today on charges Of misapplica-
tion Of funds of the Atlantic National
Bank Of this city which closed It's
doors in April. 1913, gave $4,000 bail
for appearance for trial at the fall
term of the court. Mr.. De Kay had
planned to return to New York this
evening, but he was informed by Unit
ed States Attorney Norman s. Case
that he must not leave the state with
out permission Of the court. PERMITS
sion will be sought tomorrow.
For nearly IL years subsequent to
the wrecking Of the bank De Kay
eluded apprehension by living IN Mex
leo, Switzerland, Hungary and Eng
land. He was arrested when he went
to London 10 months ago.
Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1925-06-23
Presidents Address

Washington, June 22-(AP) - A
promise that he will recommend
further reduction of taxes to Con-
gress at the December session was
made tonight by President Coolidge
in an address at the semi-annual
budget meeting.
He predicted surplus Of 5000, 000.-
900 at the end of the fiscal year.
June 80 and estimated that the sur
plus for the coming fiscal year would
approximate $290,000,000.
Admitting there was little prospect
for several years at least, of cutting
government expenditures below three
billion dollars annually, Mr.. Coolidge
said the outlay for the current fiscal
year would total $3,035, 100000, ex-
Continued on Page 1o-coI. 81