Richmond Palladium (Daily), Volume 45, Number 161, 17 May 1920 — Page 8

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THE RICHMOND PALLADIUM AND SUN-TELEGRAM, MONDAY, MAY 1Y, lyzu. NEAT LITTLE SUIT FOR BABY BROTHER BOOB PUBLIC SELLS QUARTET OF DAINTY HATS FOR THE VERY YOUNG MISS ITS LIBERTY BONDS; BEST VALUES EVER

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OIL SUPPLY WILL i BE EXHAUSTED IN 20 YEARS, BELIEF WASHINGTON. D. O., May 17 "With, gasoline and fuel oil consumption outstripping production and the underground reserve likely to be exhausted In 20 years, the nation is facing a liquid fuel crisis calling for drastic action, according to Dr. Van H. Manning, director of the bureau of nines. "The time has arrived when with crude oil higher than it has been for 60 years, inefficiency in the production and manufacture of petroleum should not be countenanced," said Dr. Manning. "Petroleum and its products should be reserved for those uses for which it is peculiarly adapted and for which there are no substitutes. Use Also Rises With Rush "While the year 1920 began with .'an increased oil production, according

to the geological survey, the consumption has increased so much faster that Jn January, February and March it was necessary to take 3,373,000 barrels of crude oil from storage to meet ithe current needs. "In the United States the yield of Hhe north Texas fields has apparently receded from the maximum and is now on the decline, and unless new fields are there discovered the production for 1920 is likely to be less -than for 1919. Promising fields in Xoulslana have proved to be large, but not as extensive as many had anticipated. "Th TTnitpd Statpa s-eolorical sur vey has estimated that more than 40 per cent, of the oil in all the oil fields has been brought to the surface and used, and it has estimated that the underground reserve is equal to less than 20 years of the present consumption demands. Vast Foreign Oil Fields. "There undoubtedly are vast quantities of oil to be found abroad, as the rest of the world's territory has not been developed nor prospected as intensively as the United States. Large fields occur in Mexico, Venezuela, Colombia, Persia, Russia, and potential fields are known to occur in other parts of South America, Africa and Asia. "The best fields, those in the Americas, are nearly all under the control of Latin-American governments, while the others in other continents are mostly under the control of the British, French, and the Netherlands, with the exception of fields in the former Russhin empire." An Important new source in the1 United States is said to be the oil 6haleS'Of the Rocky mountain dis tricts, declared "capable of yielding jnany times greater quantities of hydrocarbons than have ever been extracted in all the oil fields." 73 Bottles of Booze, Alas! Wasted on Noland's Fork Fish by Unappreciative Boys some v-entervme Doys went, nsmng a week or so ago. They saw two men fishing. Strange to say, however, the men placed their fish in a box, then in a gunny sack and buried them deep in Noland's Fork. After the men bad left the youths with true detective instincts investigated. They found 73 whisky bottles. ' The boys "strung up" the bottles : on a nearby bridge rail and calmly : shot them down all 73. : There may be those who will regret ; the step. Wonder if the two gentle- . men initially connected in the episode didn't cuss a little. ' First Vocational Music Graduates to Recite Tuesday night the first graduating I class of the vocational music class. of high school, will give a musical recital in the auditorium. Some of the ! best musicians of the city are mem-j bers of this class and a high class en-' tertalnment is assured. Misses Mary Luring and Helen ! Wickett will give several piano solos, j The Hicks sti ing quartet, composed of Mary Jones, Edna Marlatt. Frederick ' K. Hicks and Katherine Gates, is on the program for several numbers. j Paul Steins, one of the most gifted tenors of the city, will give several j vocal numbers. ; I King Gabriel, of Fiume Maintains Elaborate Court New York Tribune! Fiume "This is the most interest-

ing court in Europe." said one of d'An-Thompson has also received informanunzios secretaries at the luncheon kxion that typists and stenographers tendered the poet on St. Cabriele s are wanted at Columbus Barracks, day, when the ' liberator of Flume Ohio. acted his part with courtiers, soldiers! 4 TO BE CONFIRMED and "king's guards" and the populace Confirmation services will be obacted theirs. served in the Second English LutherFanfares of trumpets, the rush to an church. Sundav. Mav 23 for the arms of the "king's guard" announced following candidates: Helen Harvey his every entrance and exit. He is al- Gladys Simpson. Janet Russell and ways accompanied by a long line of'irelie Feltman. aides and functionaries and wears a MRS ZWISSLER VERY ILL happy countenance himself. At meals , Johu zwl6Slcrf who ,s n, at Ws

an me couruw ;iw ' , upou mm auu u iu ,ur u. .c ue ,

lens, lauguiuti uic uui" auu i-ijiusipj Mnnrlav

at others. D'Annunzio's wishes in food are always complied with and religious zeal marks the efforts of the entourage to - please him. His uniform is always spic-and-span. There is not a blemish on his clothing from heel to crown. His long Italian cape some;,imes calls to mind the. familiar garb ! oi tue iauen ui.ia.iu n 111 ui uciiuou OnTublToccasions in theaters his ' place is reserved with much attentinn and when he enters cheers are sriven by the men and women who follow him. When he gives a concert in the palace his place in the front row is respected with the reverence : due to a religious chief. His apart- ' ments are bedecked with all sorts of . presents from the townspeople. Ital'ian and Dalmatian flags make up the I color scheme. On his name day he : was the recipient of bowers of flowera from admirers in the city. The i royal march greets him when he T makes his appearance on the balcony :of the palace. RELATIONS ARE RESUMED (By Associated Press) CARACAS. Venezuela, May 17 A nmtnrnl renewing diplomatic relations

between Holland and Venezuela was I For the second time in her life of j of Starr school will give an entertainsigned by plenipotentiaries represent- 17 year3, Grace E. Scott has obtained j ment in the high school auditorium. A Ing the two countries. special " parental permission to wed. ; small admission is to be charged, pro-

Dainty little hats for summer wear are appearing in the misses' departments of the smart shops. There are the most alluring little shapes, soft like lacey things and demure polks. Here are four adorable models which will make any youngster happy. The one at the lower right is a stunning creation made of lace. It is trimmed with a large satin rose and long satin ribbons which may be white or a pale

Short News of City RAY NICHOLSON HOME Raymond Nicholson, son of Mr. and Mrs. John Nicholson, of 1901 East Main street, arrived in Richmond Sunday following 10 months in South America in the interests of the American Electric company, of Chicago. Mr. Nicholson will be at his home here until Wednesday. THREE IN NEW YORK Mr. and Mrs. B. S. Daniels are registered at the Park Avenue hotel in New York as from Richmond. F. H. James also registered as from Richmond, is a guest in Gotham. TO SING IN OPERA Miss Thelma Robinson, daughter of Mr. and Mrs. Piatt Robinson of South Sixteenth street, will appear in the play "Robin Hood" to be presented I soon at Holyoke college, where Miss tvODinson is a student. TWO COUPLES MARRIED Two couples were married by Justice of Peace S. K. Morgan Saturday. They were Merle Slusher and Jessie linger, and Charles Goodlin and Grace E. Scott. CHAMNESS IN CAL. U. Vaughn Chamuess, formerly Richmond and Earlham college man is of Tiow a student in the University California. 1 TO ASSIGN LOCAL MEN In order to place men from the sani" community in the same outfits as nearly as possible, allocation of army organizations have been revised, according to Army Recruiter Sergeant! Thompson. Indiana men w ill be sent j to the following units: Fourth cavalry.! Camp Ringold. Texas: 55th C. A. C. Camp Lewis, Wash.; Eighth Field Ar-' tillery. Camp Funston. Kan.; 49th In-' fantry. St. Snelle, .Minn., and Ft.' Leavenworth. Kan.; 2uth Infantry. Ft Brady. Mich., and Ft. Benjamin Har bison. Ind.; and the 31Sth engineers at Camp Grant, 111. One year enlistments in the coast and field artillery, the engineers corps, he ordnance department, and the air service are now nnpn sprp-pant home on South Tenth street with lnnamma(ory rheumatism wa s reportmorning as improving. Mrs. Zwlssler, who has suffered a nervous breakdown, is verv ill. MINISTERS TALK BUSINESS After a short business session, the Ministerial association adjourned Monday morning. The Rev. J. S. Hill, pastor of the Reid Memorial church, pnf- t ab SHANK IS FINED ,Char,fs was found guilty l?9Tn,neSS and, pned $1 and sMOOSE CARNIVAL OPEN The Superior Shows arrived in Richmond at 3 p. m. Sunday and will open a week's engagement here Monday. The attractions will be shown nere unaer tne auspices or the Loyal i Order of Moose. The shows include the usual carnival attractions. MANY GET MARRIED The county clerk's office, marriage headquarters, was a busy place over the week-end. Linus Meredith grant-j ed six marriage licenses from mid-j afternoon Saturday to noon Monday, j DR. RAE IN CHICAGO. 1 Dr. J. J. Rae. pastor of the First j Presbyterian church, was in Chicago. ; Monday. j MARRIED TWICE; 17 I

blue or pink shade. It is just the right finishing touch for dainty little summer frocks. At the left is a sweet little miss of four with her favorite chapeau. It is made of shirrings and pleatings of net and lace in a mushroom shape. Little roses trim this hat also and picoted ribbon streamers fall over the shoulder. The two hats at the upper left and right are both made of straw.

A few weeks ago she obtained a di-1 vorce from Floyd Scott, and Saturday' afternoon County Clerk Meredith PTQntoH fiot lianca it ty-i o rr I" V o rlfij I afternoon County Clerk Meredith granted her license to marry Charles Nelson Goodlin, a laborer. CRADLE ROLL. DAY A program was enjoyed at the First Baptist church, Sunday, in observance of the annual Cradle Roll day. PLAY GIVEN FOR CHURCH "Tanglefoot Vs. Peruna," is the title of a one-act play to be given by the members or fhe Christian Endeavor of the First Christian church soon. Nearly all of the members of the society are in the cast, it being a mock trial The trial is supposed to be taking place in 1950 "when women have their rigms. ine j oung people are giving iue piay 10 raise money ror tne ntting up ot a room in the church building, which is to be erected next year. REV. HILL ABSENT The Rev. J. S. Hill, pastor of the Reid Memorial church, was out of the city Sunday and Monday, NOT A CENT, HE SAYS Howard H. Horton filed announcement Monday saying he had expended no money in his campaign for reelection as county surveyor. James M. Knapp f.led his expenses as $5, contributed to the Republican central committee. ONLY ONE TRANSFER "Crtfoi Crit T ! Orient Anli- r-i- s-i n n 1 estate transrer was nieu at the recorder's office Saturday afternoon. ASSESSOR'S DON'T REPORT Although Saturday was the last day for assessments in the county, less than half of the assessors have sent their reports into County Assessor Mathew's office, he said Monday. A :l'ght increase is noticeable in these received. GOODBY, LUNCH. The reporter brought his lunch Mon-

desk. It was the society editor's Jurca W orld Movement slides were cesk. She found the lunch later. Hetsnown', A,A1 , ,., ,

was out. The news force regarded! the eats as a. gift from above. He rumo Kafir Sftmohnjlv hucv wit Vi

sandwich, offered him a bite. I u" , jays was made by Curtain ! C- Lawall. jeweler, Monday.. He PET PEEVES NURSED ! will continue in business at his presTodav was Blue Mondav in Rich- , nt location. 41 North Eighth street, mond. Mavbe the absence of the sun ! u.ntl1 tnf new site ,s read' for occupacaused it, or perhaps citv ministers i f10": H has heen 1,1 tne jewelry were long on the "razz-berry stuff" ! business in Richmond for 22 years. 10 Sunday. Whatever the cause, every-!01 wnicn have been at his Present site, one seemed to be nursing a pet McCOMB IS BACK, grouch or peeve. I . McComb. vocational super-

WARD WRITES HOME A letter was received from O. F. Ward, lay delegate attending the Methodist General Conference in Des Moines, Iowa, Monday morning. He gives some very interesting accounts of happenings while in session. Natives from nearly every part of the world are represented in the conference and many phases of world problems are discussed. BIBLE CLASS TO MEET. The Golden Rule Bible class of the First M. E. church will meet Wednesday at the home of Mrs. J. C. Genn. DELEGATES TO VINCENNES. The Rev. L. E. Murray, pastor of the First Christian church, and Mrs. Charles Roland, left for Vinccnnes, Ind., Monday morning, to attend the annual state convention of Christian churches. The convention is from May 17 to 20. inclusive. CARS ARE DAMAGED Three freight cars were slightly damaged in the east yards Monday when they ran over a derail device. The G. R. & i I. extra train was pushs and ran into an open ing the switch. TO GIVE SOCK SOCIAL The Loyal Men's class of the First Christian- church is to give a "sock social" Wednesday night, May 26. All members of the church are invited to attend. Price of admission is to be governed by the size of the hose worn by the individual. Refreshments are to be served. STARR CHILDREN PLAY Monday, at 7:30 p. m., the children

The one at the left is a smart leghorn with a tam crown of old blue faille silk which is corded. A silk rose in a rich pink is the only trimming. Demure, indeed, is the liule polk on the babe at the right. It is much on the style of a sunbonnet. The leghorn brim which shades the delicate skin of the tiny tot is bound in black silk and the black silk crown is embroidered in silk in a flower design.

ceeds going towards a fund for French orphans. CLASS TO ENTERTAIN. f: r i t t : i Miss Gebauer's continuation girl's : ciai entertainment Thursday mgnt in i the high school auditorium. An ex tensive program is being prepared. PUELIC SCHOOL MUSIC.

The public school music classes of j sioane director Richmond will have a recital in the Friday's chapel will also be an allhigh school auditorium Wednesday i class chapel and win be known as night. These classes are under the i senior chapel. The senior class will direction of Miss Edna Marlatt, oi , have cnarge of all activities and an Garfield. , interesting program is expected. NO DRIVE YET Because of the two all class chapels Mrs. A W. Roach, head of the Sal-wat high school this week, no Freshie vation Army in Wayne county, said tbapel will be held Tuesdav.

Monday that the home service appeal launched in man many parts of the state,

in the interests of the Salvation Army Wednesday. Girls in charge plan to in Indiana, would not be launched at!nake this the most successful of any this time in Wayne county. It is prob-; held this year. able, however, that the work Nvill soon J Instruction for the last week of the be taken up. jfchool year will be given the high CARBURETOR CO. OPENED Sschool faculty by W. G. Bate, principal.

An office of the American Sub - Car - buretor compan7, incorporated, has been opened in Room 6, Lindemuth block. George A. Fogel has been placed in charge. The manufacturers ' of the carburetor are putting out a j new accessory known as the "Little 1 Giant Sub-Carburetor." According to ' Mr Fo2el tlle carburetor is for Ford t C31S. EDWARDS AT NEWCASTLE President . David M. Edwards. of Earlham, addressed the SO members

of Newcastle's high school giaduating : Tuesday and Wednesday of next week class and citizens of that city on ! a announced by W. G. Bate is as fol"Men for the Future" at the annual lows:

baccalaureate services Sunday afternoon at 4 o'clock in that town. JONES MAKES TAlK Sylvester Jones spoke in the Friends church at New Westville on Sunday I evening. The official Friends Fori ward Movement slides, and a few In- . -"-- "-'- mwve. . ininiiiiiv r infill, liitii. lie nuuiu niuv e ihis jewelry store to 607 Main street vihur m nicimiona scnoois, returned irom a two weeks conference at In - dianapolis. This conference was at - tended by locational work Irom all over the country. experts

. : pcund of burley tobacco was 20 cents; TO FILM DESTRUCTIVE the average cost of producing an Are, GRAIN DUST EXPLOSIONS j 29G; .the average vield. per acre 1 141 (New ork Evening Post.) ! pounds. The cost of man labor was The frequency of grain dust explo-!$i21 an acre and the cost or horse sions in this country and the disas-; labor $19 an acre, nous consequences have led the, in the rl.-irk tnha'rrr. ,-.

United States department of agriculture to adopt a novel method of arous ing public attention io these explosions and of inducing the owners of flour mills to adopt preventive measures, it appears that in the course of the last nine months of 1919 five severe explosions of grain dust occurred, resulting in the loss of seventy lives, and of property valued at about 6 million dollars in addition to the value of the flour and grain destroyed. The department in consequence entered upon a series of experiments with a view to investigating the naturn of thesft eynlnsion anH irnr a vantage of the plant for studying mine explosion which the United States bureau of mines possesses at Pittsburgh. The grain dust experimental explosions were not merely photographedthey -were filmed, and the motion pictures thug secured are to be systematically used in the work of propaganda. Piston Ring Operation Starts Operations In the Richmond Piston Ring factory on the West Side were started Monday. About 15 men are employed, but officials say this will be increased to 50 within 30 days.

MARSHALL MAY TAKE M'GULLOGH'S PLAGE ON STATE TICKET (By Associated Press) INDIANAPOLIS, May 17. -While leaders here of the Democratic party, which will hold its state convention in Indianapolis May 19 and 20, profess there are no indications of any serious "scraps" within the party, word from Washington indicated there was a movement on foot to place Vice President Thomas R. Marshall in at the head of the state ticket, supplanting Dr. Carlton B. McCulloch, who obtained a plurality in the recent primary for the nomination. Mr. Marshall, a former governor of Indiana, who has indicated time after time that he would not be a candidate for the Democratic presidential nomination, has a strong following in this state and, according to the word from Washington, the leaders believe that with Marshall heading the ticket an 'irresistible movement" for the success of the party in Indiana could be inaugurated. The movement, it is said, has not been brought to Mr. Marshall's attention, and it was said would not be unless Dr. McCulloch withdraws from the race. So far as could be learned here Dr. McCulloch has given no indication of withdrawing. The matter, it is said, has been discussed with Thomas Taggart, who was chosen the Democratic candidate for United States senator in the recent primary without opposition, but so far his position has not been made known. Bosse to be Re-elected Benjamin Bosse, mayor of Evansville, it is expected will be re-elected state chairman at the organization meeting of the new state central committee on Wednesday. The delegates to the state convention will meet that evening by districts, to choose two delegates each for the National convention and members of the state convention committees. The convention proper will not convene until Thursday morning. Indications are that

there will be few contests for places on the state ticket. One woman probably will be named on the "Big Four" delegation at large and it is said she will be either Mrs. Alice Foster McColloch. of Fort Wayne, or Miss Julia Landers, of Indj ianapolis. The other three probably I will be Vice President Marshall, Mr. Taggart and Former Governor Rals- ! ton. I ' " Hioh Srnnnl M Wlgll ! - i ..i - j Wednesday will be known as Orj chestra day in the high school. All l classes will attend the special orchesitra chapel during the activities period Wednesday morning. An extensive i Di'oerara has been nrenarpd bv Ralnh The G. A. A. will hold its last nartv of the year in hieh school at 4 d. m. , at the regular meeting Monday afternoon. Instructions for commencement exercises will also be given. Tt ! , ... I ivuss cranes commercial aritnme- ; tic classes did not meet Monday i morning. The students reported to the libra ryA "wiener hike" is being planned by the chemistry classes of high school for Thursday. Harold Latta, James Sackman and Esther Fouts are in charge. The daily schedule for Mondav. First period. 8:03-9:10; second period. 9:15-10:20; third period. 10:2511:30: fourth period 1,: 00-2: 05; fifth period, 2:10-3:15. Tobacco Producing Costs Are Shown in Figures of Kentucky State Surveys LEXINGTON, Ky.. May 1 Intimate information concerning the cost of producing tobacco in Kentucky, gained from a careful survey in SI buiieyproducing farms in Fayette. Scott, Jessamine and Woodford counties and 38 farms in the "black patch", principally in Christian county, the chief dark tobacco producer, are given in r. report made public by the state experiment station. naming consiuerea man and horse labor, land rent, use of ham nnri j sticks and machinery, manure and 1 fertilizer, fire and hail insumneo ;nd coal and wood, the report says that the average cost of producing one erage cost of producing a pound of the kced was found to be 16 cents and the average production cost of an aero. $148. Regarding basing sale prices on the average cost of production, the report says: "During the period of the war and since that time the prices of commodities, for example, wheat, were fixed by government commissions. This gave rise to a good deal of discussion on the subject and once more raised the question of the cost of production as a basis of price fixing. It is evident, however, from this survey, that this policy is erroneous. A price based on the average cost would be too lw and would be inadequate to maintain the necessary production, thus resulting In a decreased supply." The reason thi3 is true is that while 26 cents was the average production J cost, this average was brought down oecause ui eAuteumgiy low cost on a few farms, only 59 per cent being froduced at that figure or less. It Is evident, the report says, that if the price had been set based on the average cost, 41 per cent of all tobacco produced on these farms would have sold at a loss.

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It is time to think of the summer suit for the very young man of the house. Here is a neat and rather pretty (but you must not let him hear you call it pretty) style. It is rather economical, too, for it combines two materials. If. made at home that means that an old suit or two old suits can be made over into a new one. The littl's trousers button on to the waist, but a very mannish belt hides them. The little pockets will also please the masculine mind. Blue and white rajah silk makcc -'.lis model. COUNTY'S CHILDREN SHOW LOSS OF 106 DURING LAST YEAR In comparison ta a ga of 155 children in Wayne county last year, the total county enumeration for 1920, just compiled at the office of County Superintendent Williams, shows a loss of 106. The loss has been suffered chiefly with minors between 16 and 21 years old. In Dalton township the enumeration showed not one person between these ages, and only eight between 11 and 16. "This simply means that the working minors are going to high wage centers, and that the farm communities are losing out," said Superintendent Williams, Monday. Totals of the enumeration of white and colored children between 6 and 21 follow:

2 2 S 5 Township 2 T o if! i ? i -1 !

.bington .... 128 Eoston 257 Center 4 6. "5 Clay 21S Dalton 11" 11 13 13 ; s 34 s 2! VX'. If:: ITS ITS 210 u4 1S 21? 2;i; 16: 2 it; :.;s 2:.", 112 175 4137 Franklin ... Greene Harrison . . . Jackson Jefferson . . New Garden Perry Washington Wayne Webster Cam. City .. Dublin Hagerstown Richmond . . . 26t . 260 . 101 . 247 . 257 .. 2!t5 . 201 . 314 1185 . 115 . 44.", . 127 . 21S .5CH7 76 l',y, .,f) jjT, S' 1 1" IS u 128 US 12 102S 40 Friends of America,

Many From Here, Attend u .. , nL1 , x in- - r t Hate killed Oklahoma I own Missionary Conferences, (From the owahoman ) Approximately 40 Friends from var-i Hate killed Ferguson, ious parts of the country, with a good j Fifteen years ago. a town of 1.00ft Richmond audience, attended the in-; people, having a large salt factorv. formal foreign missionary confer-; a gypsura plant, and shipping faciliences in the South Eighth street' ties. Ferguson, today Is dead. By 01Friends' Church, Sunday afternoon j der of tne postoffice department, the nnd evening, and Monday morning and 0ffice nas been closed and soon the afternoon. I railroad will bo discontinued, with Sylvester Jones, a Hold secretary of j trains running only to Hitchcock, the American Friends Board of lor-j Ferguson is said to have died fighteign missions, and Solanion Tice, mis-5ng as it nad uVed. People were supsionary to Mexico on furlough, led the; poSed to have hated each other, and discussion which took place Sunday : majn street fights were common. West afternoon. Clarence Pickett, general , of towri( alleged outlaws "Yeager" and secretary of the Young Friends "Black" had their rendezvous, from board, led the evening discussion. j where in early morning tney are said Various questions were discussed , to have stolen horses and cattle of farwith reference to the many Friends' j mers and citizens, and then sought mision fields. Missionary workers safetv among tne canyons and hills, present took an active part in the dis-j Tne Cyclone saloon still flares out cussions. , jt3 Pigni but its proprietor has set up Outstanding in the considerations ; business in another city. The buildbefore the foreign nnsions board ex- j ing ig used ag a Darn The Cyelono ecutive and finance committee m was the scene of many brawls, session Monday afternoon and eve- Th -Oklahoma" was writt-

n.ng win ne tne Propoeu misionary - at FergUf;on. Mrs. Guy Camden, tl1 budget of $250,000. Official action ! author freqUented the citv and taw-ill be taken by the entire board ; mountain0us vicinity. Other poets a v! Tuesday. The board sessions will , com rs once ,ived ,n Ferguson

.EARLHAM CEMETERY PROGRESS IS SLOW Progress on the improvements being made in Earlham cemetery is very slow, according to the superintendent in charge. It is hoped that two sections can be completed on the west side of the main part, so that lots can be sold this season. The cement entrance has been completed and posts for the new gateway hare been placed. Gates have been bought but not received. Shortage of labor is the principal cause for delay. COUNTY DEGREE GIVEN Wayne Council Number 10 will confer the Super-Excellent Degree upon 100 candidates Thursday evening. This degree is only given once or twice a year. The initiatory work will be followed by a banquet.. All members of the council who have not received their degree are urged to be present.

National extravagance and waste, individual and collective, are depreciating the market value of Liberty and Victory bonds to an alarming extent. Failure of millions of original buyers of these securities to keep their war pledge to Uncle Sam and hold them for redemption has so glutted the market that the supply far exceeds the demand. The result is that since the first of the year, despite its unshakable face value, each flOO Libertv ZV3 per cent bond has declined about $8.60 in marketable value; each Liberty first 4 per cent bond about $7.50; each Liberty second 4 per cent bond about $6.85; each Liberty first 4, per cenl bond about $7.15; each Liberty second 44 per cent bond about 7 25; each Liberty third 4i per cent bond about $5.90; each Liberty fourth 44 per cent bond about 7.05; each Victory 334 per cent bond about $3.20. and each Victory- 4 per cent bond about $3.05. Bankers and Others Explain. Inquiries among bankers and business men gave these explanations for the pronounced drop: Original buyers, largely because of the increased cost of living, but even more because of the abandonment of the general policy of saving inaugurated with the coming of the war, are violating their implied pledge to the United States government when they bought them. Because of this the market has become steadily and progressively lower in fulfillment of the general law on all commodities when the supply greatly exceeds the demand. i The banks, which, especially on the later issues, took more than their fair share of the bonds when the buying power of the public became lessened, save sold them in large numbers to investors, who in turn are re-selling them. Many manufacturers and other classes of business men have sold them heavily in order to meet their income taxes without lowering their working capital, needed both for running expenses and expansion. On the other hand. It was stated that hundreds of industrial concerns, with surpluses on hand, recognizing the attractive character of the invest

ment, are buying these bonds m large numbers. Careful figuring has show them. It is stated, that whatever the issue may be, such investment will yield them an absolutely assured return on the average basis of 5U per cent annual interest. Bearing out this figuring, bankers are advising inquiring customers that there is no better security of its kind extant, and because of this recognized fact there is more trading in Liberty and Victory bonds than in any other class of that type of security. Despite Spending, Savings Grow; Prohibition Is Given (Ohio State Journal) One rather puzzling feature of theso unusual times is the way people spend their money with such reckless abantdon and still the savings deposits in the banks and building and loan associations continue to mount so rapidly j and so substantially. I A thoughtful man of our acquaintance vouchsafes a reason for this ' phenomenon which may explain it at least partially. Prohibition is at the 4-'jat something like $3,500,000,000 was -."spent yearly on drink in the old "wet" c j days. and. making a rough estimate of $500,000,000 as the amount which ' ' ' - , . . 1 ... T . . - VA remaining $3,000,000,000. or much of it. now is either turned over to the wives , of the former drinkers for the pur--c chase of food, clothing and luxuries -. . 1 . - J t. r,-e goes into savings accounts. There may be a good deal in this vi.w; it would help explain why people seem to have so much more money to spend than ever before and S..11. uespue ine ratio or prices to wages, can save a great deal. Our national troubles are many, but to hundreds of thousands of families prohibition has brought more comfort 1 and happiness than they ever knew before. Inhabitants claim tnat tnere ne-T-r was a good thing doen for Fergus. " i was a good thing done for Fergu- ' r. sition led to its downfall. Fercu-; i never bad a church, nor talk cf p. church. The only schoolhouse in lt history would not seat more than 25 children. Wrongs were not punished, it Isaid, and people were permitted to run rampant. The town of hate is dead. 10 Civil War Vets in Twp. Fifty-one World War veterans aid 10 veterans of the Civil War are living in Wayne township outside of Richmond, according to the 1920 township enumeration which is being compiled by Township Trustee Edgerton. There are no Spanish-American War veterans listed. Theodore Cook, of Middleboro. 88 years old, is the oldest war veteran in the township. Oliver Copeland, a farmer, 73 years old, is the youngest Civil War veteran.