Richmond Palladium (Daily), Volume 43, Number 248, 29 August 1918 — Page 2

PAGE TWO

Tib RICHMOND PALLADIUM AND SUN-TELEGRAM, THURSDAY, AUG. 29, 1918.

Colonists Laid Foundation For Financing of U. S.

JAPAN MILITARY ! PROGRAM WILL j DOUBLE FORCES , , , ' Increase of 42 Regiments is

: Provided for Will Add to; ; Naval Force. i (By Associated Prsss) j TOKIO. Aug. 29. Japan has made preliminary plana to increase her army by fifty per cent, and to build three times the number of dreadnoughts and battle-cruisers previously planned. j No official announcement has been made, but It Is understood that the project adopted at a recent conference of field-marshals and fleet admirals, Includes the creation of an army jf 21 corps, or 42 divisions and the enlargement of the navy so that It will eventually include three main fleets, each to consist of eight dreadnoughts and eight battle-cruisers. Each of the new army divisions will be composed of three regiment, instead of four as at present. ; Years will be required to develop

the army and navy to the desired i than make suggestions to the various

War

WASHINGTON, Aug. 29. At a time when Americans are thinking in war terms of billions of dollars which must be raised by domestic loans and taxation it Is Interesting to examine the methods employed to finance the first American war the War of Independence. The total cost of the Revolution, not Including the expenditures of the individual stateB, has been estimated at

about $80,000,000, a good deal less than one day's cost of the present war. The sum is truly insignificant as compared with the $24,000,000,000 which will be required to finance America's share of the present world war during the coming year. The thirteen colonies were certainly as unprepared to strike a decisive blow for freedom as any country possibly could be, and the people, handicapped themselves at the very outset, by denying to congress the power of levying and collecting taxes which would have facilitated the raising of war revenue. Relied on Bills of Credit.. The colonists could .not bring themselves to the point of giving what they considered too much power to a limited group of men representing centralized government, and while the congress could enact legislation for an

army and navy, it could do no more

HEADS REBUILDING OF FRENCH ROADS

gtrength, but a beginning will be made

as soon as conditions .especially financial conditions, will permit. ' Under the new military program, Japan would have 126 regiments, as against the present 84, there being bow in existence 21 divisions, each of four regiments. An increase of 42 regiments is provided for. ; . Expenditure to be Large. I Of this increase, four new divisions re covered by the army program laid down in 1906, when it was decided to increase the number of divisions to 25, or to a total strength of 100 regiments. This program has not yet been carried into effect. Writers on Military matters estimate that the fcew plan contemplates an eventual inlargement of the Japanese array by fifty per cent, above its present strength with a correspondent enlargment of the reserves due to the great numbers passed through the service each year. Many think the expansion will be easy from the standpoint of man-power. The naval program adopted at the last session of the Diet was to fill out a fleet of eight dreadnoughts and six battle-cruise rs. The new naval proposal, therefore, means that Japan plans to build two squadrons each to be composed of eight dreadnoughts

and elsht battle-cruisers, and two additional cruisers to fill out the present battle-cruiser fleet. In other words the construction project calls for sixteen additional dreadnoughts and eighteen more battle-cruisers. The estimated expenditure Involved is large. That for the army is placed lit about $87,150,000, and that of the navy at about $540,000,000. It is probable that tho actual costs would be much righer as the estimates mentioned above are based upon figures worked out before the war when prices were lower.

CAMPBELLSTOWN

s Helen Saxton of Richmond visited Mr. and Mrs. Harmon Wiley the past week. .. .Misses Margaret and Martha Conrad of Eaton visited their aunt, Mrs. J. S. McDivitt the past week.... Frank Miller and family visited Virgil VanAusdal and family near West Alexandria last Thursday Miss Mae Erwin is visiting her sister, Mrs. Harold House this week Tom Drlskell Of Cincinnati spent the past week with J. W. O'Hara and family O. T. Aydelotte has sold his farm to Mr.

poomershine of near Lewisburg. . . . J. i W. O'Hara and P. C. Flora returned from Pulaska county, Ind., Sunday evening. .. .Farmers are beginning to cut their tobacco this week, which is . a fine crop in this locality George naker has purchased Mrs. Alice Spachts farm and she and family are moving to Eaton this week. . .William Johnson has purchased the Catherine Nicodemus property near the Township house. . .Almost everyone attended the Richmond Chautauqua Sunday ;...Mrs. P. C. Flora of Eaton spent Tuesday with her daughter, Mrs. Virgle O'Hara. Miss Ruth returned home with her and spent the week.... William Riley and Mr. Ketron have each purchased new autos Charles Armacost and wife entertained his sister and family from Maryland last week.. ,.R. E. Krandenburg's new bungalow will soon be finished. Plastering is all finished and carpenters are working on inside work Mrs. Mary Larsh, mother of Lee Larsh, was very poorly the latter part of the week. . . .Central school will open Monday.

states regarding the manner in which

these fighting forces were to be maintained. As a result, there was a great amount of ' governmental confusion, and while at least three systems of raising revenue were suggested, there was no definite plan as to the .way in which these methods were to be adjusted to one another. Greatest reliance was placed at first upon the issue of bills -of credit; some foreign loans were negotiated; domestic loans were made and a nominal sum was realized through taxes levied by the states. The bills of credit, however, rested upon what proved to be an unsound basis. Within a week after tho battle of Bunker Hill, authority was given for an issue of $2,000,000 in credit bills, and the amount to be redeemed between 1779 and 1782 was carefully apportioned among the colonies. Other issues followed, the total issue being about $241,552,780, but at no time was that amount in circulation and seldom was it acceptable at face value. In 1779 depreciation became very marked and from January to May of that year, the value of the bills varied from twenty to one to thirty-eight and a half to one. Domestic Loans Made. The domestic loans were more suc

cessful, although, with the exception of one small loan for the purchase of gun powder in June 1775; these were not authorized until October 1776, nearly a year and a half after the beginning of the Revolution. The failure of the bills of credit and the paucity of the revenue being secured through taxation, led congress to authorize the borrowing of $5,000,000 at the rate of four percent. The lend

ers received indented certmcates which may rightfully be considered the fprerunners of the Liberty bonds. It was found necessary at a later period to raise the interest rate to six percent, but through four loans the amount realized was only $3,787,000. In September 1777, the American envoys secured the first loan from France, and that resulted in such a stimulation of the domestic loans, that from that time until the loan offices were closed, $7,684,000 n specie was subscribed. The foreign loans obtained by the

struggling colonies during their war

of $7,830,517. Nor must it be forgot

ten that France spent at least $6,000,000 on the army which sh sent to aid the colonies. Indebtedness Weighed Mesvlly, . At the beginning of 1784, ten years after the declaration of independence -the indebtedness of the national government was $39,323,886. This was divided as follows: Foreign, $7,931.886; Domestic loan certificate, $11,585,000; Unliquidated certificates 1 of indebtedness, $16,708,000; Arrears of interest on domestic debt, $3,109,000. These figures are trivial as compared to those representing the war debt of today, but this indebtedness weighed far more heavily upon the people of that time than the tremendous expenditure o fthe present does ,upon the American Dublic today."

It was no small matter for the colonials and their descendents to so shape the machinery of the government that results could be obtained

smoothly and efficiently. There were many ups and downs, successes and failures, but the foundation laid in those trying times is the foundation upon which the American financial system rests at the present time, and it is because of the solidity of that foundation that the United States has been enabled to take such an important part in the world struggle for democracy.

MILTON, IND.

Miss Mary Lovell Jones, who will teach in the Connersville high school the coming year, is attending institute at Connersville this week The Milton teachers are attending Chautauqua at Richmond this week On account of the State fair the Embroidery club will meet with Mrs. Oscar Klrlin on Monday instead of Wednesday afternoon Mrs. Alice Gresh spent Tuesday at Horace Hurst's in the country. . . .The ladies of the Methodist church served the dinner at the Clark sale on Monday and also at the Cyrus Whiteley sale on Tuesday Mrs. Belle Moffat of Indianapolis and Mrs. Elwood and daughters of Connersville, called on Mrs. Charles Davis and Mrs. Vene Beeson Saturday afternoon.... The friends of Mrs. Kerber gave her a postal-card shower on Wednesday, her sixtv-third birthday. .. .Mrs. G. A.

separate organization is regarded as necessary.-' . Colonel Drake intends to increase repair, salvage and service stations abroad, and while he has had many volunteers, it has been found necessary to establish motor transport

schools at Jacksonville, Fla., for training more men. Men of many professions are already training there, and

the army is taking candidates of initiative and ability.

It is the intention of the war depart

ment to send a vast number of trucks

abroad in order to keep pace with the ever-growing army, while a large num

ber will be required for transportation problems at borne.

Samuel M. Felton. Samuel M. Felton, president of the Chicago Great Western, is the man who has rehabilitated the railroads of France. He has recruited seven construction regiments and their work has been one of tho wonders of the war. He mobilized the country's railroad facilities for the invasion of Mexico, had that step been necessary. That work put him in touch with the railroad man prwer of the country for service in France.

Montpelier,, who has been spending j guest of her con Harry Cain and faml-

ECONOMY

a few days with Grace Garrison, and

Lon Edwards, returned bomerTuesday morning. Mr. Garrison received word that he would be called for army service no later than September 1.... . Harry Wililams was at Losantville Sunday.. ...P. O. Beckman, who is in training at an army camp in Virginia, 6oent part of last week with his wife

and little daughter. .'. .Miss Augusta Scott spent Sunday afternon with Mrs. Lydia Bernett." . . .Miss Thelma Gaskill is spending the week at Montpelier the guests of her grandparents.. . .Mr. and Mrs. Charley Retz, Mrs. Blain Emith and Allen Retz, of Greensfork, were callers at the Edwards home Sunday evening Mrs. Hattie Cain, of Roclc Island, 111, has been the

ly the past week.

Mrs. Goldio Oler and children of Michigan aro here the guests of her father Oscar Edwards and other relatives. . . . Mrs. Josephine Williams and children spent Sunday afternoon with - Bud Ladd and wife Mr. and Mrs. Hurley Lontz and children, MiWred and Dudley, were Sunday guests of W. L. Fenimore and family.... Mr. and Mrs. Jesse Bond were in Richmond Monday..,. Mildred Pugh of near Modoc spent last week with her aunts Addie and Pearl Pugh.

There has never been a word against the kaiser's private life. There isn't anything against a rattlesnake's private life.

The funeral services of Mrs. Mary

Edwards Johnson, 20 years old, was

held at the M. E. church Sunday morning with the Kev. Ray Ballard

officiating. Burial was at Springfield.-

Death was due to blood poison. Surviving is a husband, two small daughters, a father, two sisters and three

brothers.: . . .Mr. and Mrs. Oliver Hiatt

had as their Sunday guests, Mr. and Mrs. Mundell and daughter, Mary, Mr. and Mrs. Russell Dickson, of Indianapolis, Mr. and Mrs. Frank Underhill and children, of Greensfork, and Noel and Walter Culbertaon, of Webster.. ..Mr. and Mrs. William Garrison, of

ORGANIZE MOTOR

TRANSPORT CORPS

WASHINGTON, Aug. 29. A motor transport corps, ultimately consisting of 5,000 officers and 200,000 men, is being organized by the war department as part of its plans for hastening troop and supply movements in Europe. Colonel Chas. B. Drake, of the regular army, who has had long experience in motor matters, is in charge of creating this new branch. The whole motor service, from bicycles to trucks will come under this new corps,

with the exception of tanks and eater-

Borders of Shideler 6pent Tuesday in pillar tractors.

Milton. .. .Mr. and Mrs. Frank Barton Heretofore the Motor Division has and children, who have been visiting been part of the Quartermaster Corps,

his mother, Mrs. Malinda Barton, leu but now the needs of the army have

become so extensive and its future plana so elaborate that the distinct,

Tuesday for their home in Chicago.

George and Carolyn Barton visited Mr. and Mrs. Emory Baker at Dayton Sunday Mrs. Omer Kirlin spent Monday with Mr. and Mrs. Oscar Kirlin. Mr. and Mrs. W. H. Miller and Mr. and Mrs. Hiram Crook attended the Richmond Chautauqua Sunday Elijah Hurst has returned to his home since his operation at Indianapolis and is getting along nicely. .. .Oscar Kirlin and family with W. H. Miller and family enjoyed a watermelon feast at Omer Kirlln's Monday evening. . Mrs., Alice Gresh sent in seventeen pairs of socks, finishing the quota for August.v. . Rev. and Mrs. F. C. McCormick and Mr. and Mrs. Ed Wilson spent Sunday at the Richmond Chautauqua. Harry Manlove is home from a trip through the south where he gave entertainments for the soldiers at the various camps. . . .Mr. and Mrs. Edward Wilson and Prof, and Mrs. L. E. Thompson and children went to the Chautauqua at Richmond Thursday evening to hear Irvin Cobb.

Relieved Rheumatics Recommending "Neutrone Prescription 99" Since the introduction of "Neutrone Prescription 99" Rheumatic sufferers no longer fear the changeable winter

weather. This new combination haa many heretofore incurables on its relieved list. "Neutrone Prescription 99" is different from others in that it treats rheumatism as a disease of the blood and by its general action eliminating rheumatic conditions. Its effect is immediate as well as lasting, without any depressing after effects. The whole system is benefited lame, stiff and inflamed joints disap pear where other remedies have failed. It helps Nature restore the blood to its natural, healthy condition in its positive action, re-supplying what Nature fails to supply fast enough. Mail orders filled. 50c and $1.00 the bottle. Conkey Drug Co., and leading druggists everywhere. Adv.

Fall Footwear

J11 Ww

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The shortest tree in the world is ta. nraonlanrf hirrh 'a-hifh ernwK Ipsr

for independence are particularly in- j th n three ,ncneg ln helght, but cov-

terestins: at the present time when

the United States is making such tremendous loans to the various allied rnuntrips. Through Beniamin Frank-

! lln, Gouveneur Morris and others.

funds were obtained either in loans or subsidies from the governments of France and Spain and from private bankers in Holland. France granted subsidies of 2.000,000 livres in 1777, and fc.000,000 livres an 1871. In all, these sums, which may be regarded as gifts, amounted to $1,966,500. The United States borrowed from France between 1777 and 17S3 the total sum of $6,352,500, while Holland loaned the struggling nation $1,804,000 and Spain furnished $174.117 a total

HAGERSTOWN, IND.

i

The marriage of Mies Alma Waltz, daughter of Mr. and Mrs. Frank Waltz, to George Sherry, son of Monroe Sherry, will take place Saturday evening, Aug. 31. at the home of the bride's parents, a few miles north of here at eight o'clock Mr. and Mrs. Mcrris Harrison entertained Tuesday, his mother. Mrs. Kate Harrison, and Mr. and Mrs. Georso Huffman of Connersville and Mr. Harrison's brother, Herbert Harrison, an aviator from Selfridge aviation field, Mt. Clemens, Mich Mr. and Mrs. Wm. Stout and Kon, Clarence, and Miss Olive Dilling motored to Sirader. 111., and are guests cf friends there this week.... Mr. and Mrs. Horace Hoover went to Columbus, O., Tuerday to be guests of Mr. and Mrs. Mark Allen Mr. and Mrs. A. E. Smith and daughter, Lenore, went to Mlddletown, Ind., Sunday, and Miss Lenore remained to spend a week with her grandparents Mrs. Henry Roush and her sisters-in-law, Mrs. Will Shirk and Mrs. George Shivery of near Mifflin. Pa., went to South Whitley. Wednesday, and were Kuests of a brother, J. W. Roush. Mrs. Roush returned to her home here Saturday and the sisters, who have been guests of their brother, Henry and wife, her several days left for Pennsylvania Tuesday of this week.... Howard Bennett, was home on a five days furlough , from Ft. Riley, Kas. Howard's duties have been on a reservation farm. Later he will probably be placed in the medical corps. He left on hia return Saturday evening.

Rheumatism Relief -25c.

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WET

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RICHMOND