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Yorkville Enquirer from York, South Carolina • 1

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York, South Carolina
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1
Extracted Article Text (OCR)

WEEKLY. L. M. jjamitj Detrspaper: the promotion of lhq fotiticat, and (Commercial Interests the people. E8TABLlSHEDli55 YORK, S.

TUESDAY, SEPTEMBER 5, 19:32. 1STO. VIEWS AND INTERVIEWS Brief Local Paragraphs of More or Less inferest. PICKED DP BT ENQUIRER REPORTERS 8tories Concerning Polks and Things, Some of Which Vou Know and Some You Don't for Quick Reading. "I believe I've got the prize snake story of the season thus far to tell you," said Mr.

W. J. Few ell of Yorkville, the other day. "Messrs. Love and Shillinglaw, who are working on my farm a short distance east of Yorkville, killed twenty-eight pilot raw A ft aeo.

snaKPs in me uum a They first came upon the male snake pretty good sized pilot and killed him without any trouble. A short time later they came upon the female and killed her. It was found that she was carrying twenty-six little snakes and these were also dispatched without much trouble. The big lot of snakes were found in a barn near a quantity of straw that had recently been threshed." Warning to Voters. Ladies are warned not to leave their powder puffs in tho election booths when they go to vote next Tuesday.

The managers might get in trouble if they take them home, even though they did find them. Indies who use snuff are requested to leave the snuff boxes outside the booths. Some of the nude A 1 rrO voters who ioiiow mum choked. Weevil." Next Governor a Methodist. "No matter whether Mr.

Blende or Mr. McLeod is the next governor of South Carolina," remarked a steward of the Methodist church this morning1, "the next governor of South Carolina will be a member of the Methodist church. Both Mr. Blease and Mr. Eeod have heen members of our denomination for years.

Governor Manning was an Episcopalian; Governor Cooper a Baptist, and Governor Iiarvey is a Presbyterian. And now we Methodists are going to have our turn." Our Country Correspondent Says: Bud Billlkins says Bill Biffin wants to be the political boss of our section, but he has more kids than Bill and darned if he ain't going to take 'em to the polls on September 12 and vote 'em against Bill's candidates just to show Bill who is who around here. Miss Melinda Melville, who is spindly and 50, says she certainly is happy to know that long skirts are to be in style this foJl. She says the short skirts have given the younger girls such an unfair advantage. Uncle Ipsich Bckston, whose candidate was left out in the first race, says by kinks, there was something wrong with the count.

Sunday Eating the Cause. Did you know that people eat more on Sunday and that more people are sick during the lute hour of Sundaynight and early Monday morning than any other days in the week? That is the opinion of a prominent doctor who was talking it over with Views and Interviews the other evening. "I have been watching it carefully for years," the doctor went on to say. "I have more calls on Sundav nieht and early Monday morning thnr. at any other time during the tveek, The reason, I think, is because people eat more on Sunday than they do any other day and those who overeat become sick on Sunday night and Monday morning and then send for the doctor.

"I never do count on getting much sleep 011 Sunday night and other physiciajis tell me that it is the same with them." Condition of the Crops. "I predict that the farmers of York county will make 55 per cent as much I cotton and as much corn as they did last your," said John R. Itlair of Sharon, York county farm demonstration agent, when asked about crop conditions the other day. Mr. Blair has just completed a crop inspection trip over practically the entire county, "if we make more than that I am going to be very much surprised, although agreeably so," said.

Mr. Blair. "Jtoil weevil image is especially severe in Bullock's Creek township and in Bethel townsnip and in fact in every township and every section of Y'ork countv is suffering from the insect. The weevils are attacking the grown or sneck led bolls now and. they are puncturing them right along.

Ami I might say," concluded Mr. Blair, "that every furmer who does not sow eight acres of grain to the plow this fall is going to wish he had." Feeling Good Again. "Bull," the handsome English bull terrier, the property of J. Frank Faulkner, city clerk and treasurer of Yorkville, has about entirely 'covered from the dose of ground glass evidently administered to him last wees by some mean person. For a couple of days it was feared that "Bull" was going to die and in all probability if he had not been a good dog and not averse to taking copious doses of castor oil he would be in clog heaven by now.

Last Friday he had so far recovered as to be anxious to pl.iy with "Bounce," the little terrier-poodle, also the property of Mr. and which makes its home part of tho time around the city hall. When his master asked Bull" if he would like to take a ride on the big automobile fire truck, "Bull" barked loudly in answer and the bark was taken to mean that the dog was feeling fine and fit again. Mr. Faulkner has several times been offered the sum of $100 for but according to J.

Q. Wray. "Ayre golly, he'd as soon think of selling one of his children." Life At the County Jail. Views and Interviews was summoned to the York county jail the other afternoon to see an acquaintance incarcerated there and was in a steel cell with the prisoner for a short time. Incidentally, it isn't so bad to be in Jail, since the cots or bunks of the prisoners are every bit as good as are those that Uncle Sam put out for his army a few years ago.

There are a few white prisoners there and aboutten negroes and it was learned that the colored prisoners furnish amusement for the whites from morning until night. "Kangaroo court" is held among negro prisoners daily. One negro is selected for tho prisoner, Another acts as judge, -a third as solicitor and a fourth as attorney for the defendant. The others make up the jury and witnesses. murv tri.il the nrisnn er is found guilty and the sentence of the court usually Is that he be given so many licks with a bolt.

They are not light licks either, and each lick is followed by a yell." Hut this story has to deal with a rather humorous incident that occurred the other afternoon. The negroes had evidently tired of their "Kangaroo court" for the day. Views and Interviews heard this as it came through the steel partition separating the whites and the negroes: "What you niggers think about us gittin' up er minstrel show in heah?" "Dat's er tine suggeshun," answered one. "Ise gwinna act de black face man," piped a third. "Niggah," Joined in a fourth, "did all say yo' wuz gwine to act de black face? "Dat's all right 'cept'n ah wants to tell yo' dat yo' won't hah to do no act in' ue biacK lace, mggan, 10 yo is sho' black." PELICANS MUST GO.

Birds Are Destroying Too Many Trout In Yellowstone Lake. Excitement is rife in the wild animal community of the park since the scandal about Mr. Pelican received public attention, says a Yellowstone Park, Wyoming1, dispatch. The ducks are quacking about It, the squirrels are chatting it and the bob-cats are scattering it broadcast in their shrill voices. Throughout all the whlspero and nudges of neighbors as he passes, Mr.

Pellca'- maintains his stately treafi, seemingly unconscious of the jibes of the multitude. His actions would indicate he still holds his valued place in the community. His trouble started with the charge by Prof. Henry B. Ward, head of the departme.it of zoology of the University of Illinois, that he is a trout "hog" and violator of all the tenets of good sportsmanship.

Proof of these charges probably will mean that Mr. Pelican will become an outcast with everyone's door closed to him and everyone's hand against him. Professor Ward is conducting an exhaustive investigation for the Federal bureau of fisheries at Lake Yellowstone in Yellowstone National Park as to the relationship between the pelican una im? iruui suippiy. ni? tion, which has been progressing several weeks, will continue through the present season. The flock of pelicans that live and breed on Lake Yellowstone numbers about 400.

They "summer" aristocratically at the lake, feasting on the best the land affords from spring until September, then go to their winter resonls along the Clulf of Mexico. The bird diets almost exclusively on fish, and so far as the Yellowstone and other Rocky Mountain lakes and stream" are concerned, this means exclusively on trout, lie estimates that 400 pelicans consume more trout than are taken during an entire season by sportsmen. The pelican is no respecter of size limits or open seasons, lie declared he had seen a platoon of 3G pelicans ranged neross a stream in regular formation, preying on the trout as they swam up to spawn. Hitherto, the oifn.i.1% linn 4 1... 4 oiir.uu jii-imii iiwui I)) uie millions hut halcliery men this year could Rather only a fraction of the normal amount.

The fact is granted that Mr. Pelican's home life is above reproach. He is a good provider, a good husband and father and is strict monogamous. For the 400 birds in the lake flock there are just 200 nests; one for each couple anil one mate for each bird. There are no triangles in the Yellowstone "400." if further investigations justify it, Professor Ward will ask the Federal government to liar the pelicans as I summer visitors from the park.

The cost of warming the famous zoo, established by the kaiser in Berlin, is too expensive and unless private funds are forthcoming it will close on October 1. This zoo is regarded as the best in the world. It once contained 1,500 species of animals. THE EUROPEAN WAYSIDE Dr. McConnell Writes Random Notes of Travel.

HOW BOYS CAN WORK WAY ACROSS Ducks on Lako of Death of Dr. Women the Beit Dressed Women in of Living. Paris Aneust 19. 1922 Thoro arc enough wild ducks on Lake Lucerne to make your trigger finger Itch. They are mostly mallards and black duck and come up close to swim around to pick up bread thrown from the boats.

No one is allowed to shoot on the lake. The Italian farmer plows with oxen or his milk cows. Like France they have large white cattle, with long horns, larger than Holsteiris. While walking along tho lake shore at Lucerne I met a Davidson College boy. He was Palmer from Tennessee and had corae over with six other Tennessee boys on one off the Swift Packing Company's boats, feeding cattle for his passage.

He reported a good passage with light work and good food. He has seven weeks in Europe then the company gives thoin passage home. I wonder more noys uo noi uo likewise, for they get their European trip so cheap. There is a spring at Clermont, France which petrifies all objects placed in It. The owner makes little figures of clay and puts them in the water.

In three months he can take them out looking like marble and sells them. A mold of gutta percha is used which becomes coated with marble, then it Is pulled off and he has a cameo which looks as if it had been engraved. The Romans formerly occupied Clermont and Julius Caesar defeated the the Gallic Chief, Vercingetorix there, 52 B. C. There is fine statue of the Gallic chief, by Bartholdi, who made our statue of Liberty standing in Clermont.

We tea with Mme. Chaffraix one of my war time friends. She is tile widow of a wealthy sugar planter of New Orleans and spends her winters in America and her summers in France. She told me that she had to pay taxes in France on all the property she owns in the United States, so she is doubly taxed. Her home here is about 600 years old and is beautiful.

The grounds are large and the treasures In the chateau would interest any one and her hospitality is equal to the best traditions of our own old South. I had letters to the Count of Pontgiband from a French acquaintance and we spent an afternoon with the count and countess at the Castle of Pontglband. They were kind and hospitable and we saw all the beautiful paintings and furniture of their home. His great-grandfather came over to America with Lafuyette und he showed me the medal of the order of Cincinabus, showing that his forefather had served on Washington's staff. You should see how solemnly the French take the waters at the mineral springs such as at Vichy-Royat.

They have the water measured out in a medicine glass like it was poison ana drink solemnly as an owl. In fact the French drink only mineral water. Coffee, wine and mineral water, never plain water. Somewhat like an old Texan who, when asked if they had good water in Texas, replied, "To tell the truth, stranger, I ain't drunk no stark roped water for years." A crowd of American Legion buddies are in Taris now, a whole ship load of! them coming over. It makes it quite I homelike for me, as my button is an introduction.

A Virginian is heading the party. I went into the American Express Co. oflite this morning to have a check cashed and the cashier was a Davidson College boy named Wright from fleorgia. lie was in the navy during the war and has been in Paris for two years. Let me recommend the American Express Co.

to my friends who expect to travel. It is better than Cooks, which is the old Jhitish agency. Your checks are good anywhere, and help you in every way about your ticket, etc. heard 15th, of Dr. Miles Walker's death.

Poor fellow lie suffered a lot these past few years and be missed. He was a man who kept right up in medicine as he grew older, and always read the latest publications. There is not a great deal to be learned in medicine over here now, that cannot he hud at home, as the war gave these people a big set back. People in the United States don't know what it means to see large numbers of cripples and blind. I saw a man the other day with both arms and his eyes gone.

1 saw four without legs in one group last Sunday wheeling themselves aloiig in lever chairs and as they were young men with strong arms they would make the chairs whiz along racing with each other. All trains and street cars ive notices showing that the blind, the cripple or a woman with a baby in her arms have choice of seats. That would have been a good thing for America to adopt. I've seen wounded men standing on crutches In Baltimore street cars while strong shipyard workers occupied seats. i At present the French do not like Lloyd George because he docs not want to press Germany for pay.

There are tots of English visiting in Paris, as well as Americans. The French prefer the Americans. For the benefit of my American sisters I will say that the best dressed women here are Americans. The French gowns are now very long, just clearing the street and cut with a fishtail train. The hats are large like the 1 old Merry Widow hat.

Except a certain class in Paris the French women now use less patyit and powder than Americans. 4 i Fixed prices are more the rule in France than formerly. Hotel accommodations are good prices are reasonable. Even in Paris which is an ext ensive city is fair priced. You eanjget a good room for $1.50 to J2.00 per (flay.

A hair cut costs 30 cents as at home. Car fare is cheaper, subway is as good as in New York, taxi fares are cheaper. Butter Is high, fruit is higher than at home. Of course for jewels and silks and fine clothes there is no limit to the price. The vaudeville shows in Paris are the best In the world and are clean.

The variety shows are like our musical comedies, not a ilaco for modest people or children. 1 When it comes to disrobing they nothing to the imagination. John W. McConnell. JONES FOR McLEOD.

Former Gubernatorial Candidate Still Fighting Cole L. Blease. In the Lancaster News of Friday, which Is edited by Ira B. who was defeated for gov ernor in 1912 by Colo L. Blease, appears the following: It requires a second primary to decide whether a the Democratic voters of South Carolina prefer Blease or McLeod as governor.

It is useless to try to defeat Blease by abuse, misrepresentation, or strained assaults on his Democracy. Blease typdfies the protest bf the people who feel that the common man needs a leader against the organized power of corporate wealth; with allied political ambition. It is the belief, we think, of a majority of the voters of South Carolina that McLeod will show qualities of leadership which will prove that he possesses a genuine sympathy 'for the rights of the masses as against the power and combination of organized big business. The first choice of the editor of tho News was Laney, but now the choice Is between Blease and McLeod, and we do not to choose McLeod as the best and most available man for South Carolina at this time, 9 fe We are controlled in this choice by two main reasons, either of which should secure his nomination without resort to unavailing tactics. 1.

No man should he elected governor for a third tflme. H.ii-mnnv in South Carolina can best be promoted by the election of MeLeod. Bloase omens bitter strife. MeLeod is steady for law enforcement with proper mercy and Is wise enough to give attentive ear to the rights of those who can not organize expensive lobbies. TO FLY AT NIGHT.

Postoffice Department Making Plans for New Mail Service. Establishment in the near future by the postoffice department of night flying in the air mail service between Chicago and Cheyenne, which will make a flight across the continent in less than thirty-six hours was assured when J. A. McGee of the. Washington headquarters made a recent inspection trip over the proposed route.

Major O. A. Tonjlinson, In charge of the Iteno air Held, said the plans of the department are to create landing fields every twenty-five miles with beacon lights which would enable the pilots to follow the course and would furnish suitable spots on which to make forced landings. McC.ee, in his inspection trip, made the flight across the country with air mail pilots to make a survey of the region and to find desirable landing places. With the adoption of these plans, planes may leave San Francisco in the morning, reach Cheyenne by nightfall, Chicago by daybreak and New York before the end of the second day.

Arthur Dawson, an Internationally known artist and resident of Richmond, for the last year, died there Monday night. He was C3 years old. Horn in Crew, England, in 1S58 Mr. Dawson came to this country in 1S77, and during a residence in Chicago founded the Society of Artists there and served as chairman of the Municipal Art Society. He later removed his studio to New York and subsequently became official portrait painter for the L'nited States Military Academy.

tttf' More than 300 tons of soot falls every year on each square mile of London. This'is enough to build a pyramid four times as high 'as the famous clock tower over the House of Parliament, AFTER NEGRO SHRINERS High Priest of Mecca Would Put 'Em In Sight Light, HE'S CLOSE TO THE GREAT PROPHET Abdul Harrvid Offers Real Thing in Mohammedan of Koran Gets Mixed and Miffed When Asked to Answer Pointed Questions. New York World, Friday. He wrote to The World, saying: Abdul Hamid Suleiman, of the City of Khartum, Sudan, Egypt, a Mohammedan by birth, Master of the Koran, having pilgrimaged to Mecca three times and thus become an Eminent High Priest and head of all Masonic degrees in Mecca, Arabia, from the first to the ninety-sixth degree, am now in the United states for the purpose of establishing the rite of the Ancient Arabic Order of the Nobles of the Mystic Shrine. Abdul "Humid Suleiman, make this there has never been a negro Shriner in the United States that was not bogus and infringing upon the white man's rites until now that I have given a Shriner's patpnt to Caesar K.

of North Carolina. "I am here to answer all questions relative to these degrees until I return homo to Mecca to enroll the names of the true Shriner3 of this country." Reporter on Pilgrimage. Accordingly, a reporter for The World made a pilgrimage to Suleiman's address, No. 143 West 130th Street. He found the blackest of Ethiopians sitting on the top step of the stoop, fanning himself gravely.

"Does Abdrl Hamid Suleiman live here?" the reporter asked. "I am the man" was the answer to the first of four hours of questions. "Come upstairs." Suleiman is arranging to receive the hundreds of thousands of American negroes who call themselves Free Masons and Mystic Shrlners into a Mohammedian Masonry, now that they are being enjoined by the white Free Masons and Shriners through the civil courts from using the copyrighted society names, titles, regalia and insignia of the American organizations. Suleiman says the white men are right in enjoining the negroes becar'se the negroes have had no authentic Masonic have merely set themselves up as Free Masons. He proposes now to make them authentic by virtue of his authority as Eminent High Priest to grant a charter in a Masonry whiih he declares to bo.

ahcient and widespread throughout the Monammeaan world. Must Take Oath and Pay. He will do this only If the negroes swear the death-penalty oath, "by the beard of the prophet," that they will live according to the moral code or the Koran and that they will pay to Mecca, through none but Suleiman, a proportion of their lodge dues which' is now being negotiated. A Mohammedan charter la already in possession of Caesar R. Blake of Charlotte.

N. Imperial Potentate of a society of negroes which has been going by the name of A. E. A. Order of Mystic Shriners.

It will become effective, Suleiman says, as soon as the negotiations are concluded to his satisfaction and his priestly seal is affixed to it. Suleiman exhibited his correspondence with Imperial Potentate Blake and it showed without doubt that the negotiations are under way. Other doubts enter a great Suleiman's answers during four hours of questioning concerning his Mohammedan Masonry, his credentials, the Koran and the institutions of Arabia are compared with one another and chocked un with the en cyclopedia and the experience of American Missionaries and American consuls who have spent years in Arabia and other Mohammedan countries. High Priest Embarrassed. First of all, Suleiman exhibited his Mohammedan fez to the reporter.

It is the one he was wearing1 when photographed. "That is the fez I wore for fifteen years as high priest in Mecca," said Suleiman. "Hui why is the word Mecca embroidered in English letters?" the reporter asked, "if it was made to be worn in Arabia at no unbeliever is being embroidered in Arabic characters, as in the Koran which you just showed me?" Suleiman gulped a few times. "Mecca is an Arabic word," he said, and hurried away from the subject. Later the fez was identified positively from the photograph by the well known (white) Shriner, John A.

Morrison, as a regular fez of the New York (Mecca) Shrine of the legitimate white Shriners. "He probably went downtown and bought It," said Mr. Morrison. He exhibited his patent as High Priest. "That is from Mecca," he said, "signed by Hassan Hissein, Grand Sheriff of Mecca." It was a nice sheet of white pa iter about two feet by three, with a field of blue sky, down the centre of which ran a wide column of sprawling characters bearing a ragged resemblance of the Arabic lettering in the Koran.

The borders were decorated with three camels on one side and three pyramids on the other and various symbolic stones, incense pots, beehives, square and compasses. At the top was the English lettering, i "MECCA ARABIA," and below It, 1 F. O. Answers Mixed. Suleiman explained that A.

F. O. stand for "Ancient, Free and Operative Ma-onry." Again he was asked why there was English lettering 1 on a purely Arabic document. "Because I was to come to America," said Suleiman, after some mougni. Later he forgot that answer and explained, in answer to the same question, that only the Arabic in the centre of the patent was written in Mecca, He said the tttle and the scenery," as he called the borders, were put on in America, but he did not explain how the black ink of Mecca happened to be exactly the same quality as the black Ink of New York.

This, he admitted, was his only ere- dential and the evidence of his au- thority as High Priest, to make Mohammedan Masons of the negroes of 1 America. In the Koran, he said it I was written in 410 3. C. Later he said: "Christ was Shriner; he is mentioned in the Koran." Then the reporter asked how Christ got into the Koran if it had been written in the year 410 B. C.

Suleiman gulped again i and thought hard. "The Koran was rewritten about the time of Christ," he said, "and the 1 references were put in them." However, according to all author- ities, Mohammed was not born until 1 about 570 A. and did not write 1 the KoVan until his maturity. Pharaoh Shriner Too? Suleiman says the Mohammedan Masonry he represents pervades the 1 whole Mohammedan world and con- trols both religious worship -and 1 the titles sheriff, sheik, pasha, khedlve, marabout, i sahib are nothing but the topmost of I the Masonic degrees, in this order given, with the sherif as the highest. The encyclopedia, however, does not I menuon any sucn iuasunry, una living authorities say it is all news to them and that the declaration about the titles is nonsense.

Nevertheless, Sulieman promises these titles will be open to American negroes who Join his Mohammedan Masonry. Before the interview ended, Suleiman had decided that perhaps it would be better to use the name Nobles of Sahara for his adherents in this country instead of Shriners and that they had better not use the insignia he wears. He thinks the proper insignia will be the seal of Pharaoh, pictured in a Sunday supplement a few weeks ago as excavated at the ruins of Carchemish. "Pharaoh was a Shrlner," he said. 1 1 POSTMASTERSHIP PURCHASED.

i I fiaw. Ma Paid SAO for Fort Mill Offce. "There wasn't anything surprising to me in the newspaper stories sent out from Washington a few days ago telling that Senator Dial was opposing the confirmation of Joe W. Tolbert as marshal for the Western district of South Carolina o'n the ground that the Republican organization in this state, of which Tolbert is chairman, had assessed postmasters and other Federal office-holders who have been appointed through the organization's influence since Harding became president," a day or two ago said J. C.

McElhauey, who was postmaster of Fort Mill from July 1, 1921, to August 15 of the same year, "I secured the post mastership of Fort Mill through the influence of the Republican organization," continued Mr. McElhaney, "and paid $50 for Its 1 assistance. The money was sent by 1 me to one of the Republican bosses in the state who has since been appointed to and is now holding an important Federal I had a conversation 1 with this man before I was given tlm postmastership in which he asked me 1 if would pay $50 for the job. I told 1 him I would. He then directed nie 1 diow to send him the by post- 1 office money order or by bank check, hut to purchase an express money or- 1 dor for the amount and to forward it to him in that way.

This I did. and if 1 the records of the express office in Fort Mill do not show that on April 1 1, 1921, I sent this man $50 it will bo because the records are not there or have been destroyed. "Here is the receipt I was given at 1 the express office when I bought the money order," said Mr. McElhanoy, as he handed to The Times man a snail slip of blue paper bearing the number 1 A-GOOGOGO. Beneath this number was printed the wording "American Express Company Money Order.

Remitter's Receipt; Keep This." The re-, eeipt is now in possession of The 1 Times and on it is written in ink the 1 name of a well known South Carolina Republican politician as the person to whom the money order is said to have been Mill Times. 1 itT One of the most famous trees in tin1 United States, Richard Oak, near Rising Sun, Maryland, recently had a tablet placed upon it giving the part it has played in American history, ii is estimated that the tree is 600 years old. It is 70 feet high and spreads its branches over a circle 105 feet in diameter. SOLDIER BONUS BILL Provisions of Bill Passed by fbe Senate On Last Friday. MBEE OPTIONAL PLANS FOB VETS Compensation Adjusted On Basis of $1 a Day for Home and $1.25 Day for Foreian Ara $500 and $625.

As amended by the senate, the Bonus Bill would become effective January 1, 1923, and would provide three optional plans for veterans of the World war other than those whose adjusted service pay would not exceed $50. These would be paid In cash, rhe options are: Adjusted service certificates, payable in twenty years or sooner at death md containing long provisions. Vocational training aid at the rate af $1.75 a day up to a total of 140 per of the adjusted service credit. Aid in purchasing a farm or home. the total amount to range irom xuu per rent of the adjusted service credit If the money were advanced In 1923 to 140, per cent of the adjusted service credit if the payment were made In 1928 or thereafter.

One More Dollar a Day. Adjusted service pay or adjusted service credit would lie figured on the basis of $1 a day for domestic service and $1.25 a day for foreign service, less the 360 paid at discharge. But in no event could the amount of the credit cf the veteran who performed so overseas service exceed $500 nor the amount of credit ol the veteran who performed any ove-scas service ixceed 3625. Adjusted service certificates would have a face value equal to the sum of the adjusted service credit of the vet prMi increased by 25 per cent, plus interest thereon for twenty years at the rate of 4 1-2 per cent a year, compounded annually. Until January 1, 1926, any national bank or any bank or trust company Incorporated under the laws of any state, territory, possession or the District of Columbia would be authorised to loan any veteran upon his promissory note, secured by his adjusted service certificate, any amount not in excess of 50 por cent of the total of the adjurtcd service credit, plus interest thereon from the date of the certificate to the date of the loan, at the rate of 4 1-2 per cent year.

Should the veteran fall to pay the principal and interest of the loan within six months after its maturity. the government would pay to the bank the amount of such principal and Interest and take over the certificate. This would be restored the veteran at any time prior to its maturity upon receipt from liim of the amount paid by the government to the bank plus Interest on that amount at the rate of 4 1-2 per cent a year, compounded annually. Intereat Fixed In Loan Plan. The rate of interest charged the veteran by the bank could not exceed by more than 2 per cent a year the rate charged at the date of the loan for the discount of commercial paper by the Federal Reserve bank for the Federal Reserve district in which the bank was located.

If a veteran dies before the maturity of the loan the government would pay back to the bank the principal and Interest and to the beneficiary named by the veteran, or the estate of the veteran, the face value of the certificate less the amount paid to the bank. After January 1, 1926, veterans holding certificates could make direct application through postmasters for government loans. If such loans were made at any time not more than three years after the date of the certificate it could not exceed 50 per cent of the sum of the adJusted service credit of the veteran, plus interest at 4 1-2 per cent a year from the date of the certificate to the of the loan. If the loan were made nt any time more than three years after the date of the certificate the sum could not exceed 85 per cent of the adjusted service credit plus interest at 4 1-2 per cent from the date of the ccrtift cate to the date of the loan. If the loan were made at any time more than six years after the date of the certificate the sum could not exceed 70 per cent of the adjusted service credit increased by 25 per cent, plus interest at 4 1-2 per cent from llie date of the certillcate to the date of the loan.

To Repay In The veteivn would repay the loan upon an amortization plan by means of a fixed number of annual installments sufficient to cover interest on the unpaid principal at the rate of 4 1-2 per cent, and such amount of the principal as would extinguish the debt within an agreed period not exceeding the life of the certificate. If a veteran failed to make any payment when due the secretary of the treasury at any time prior to the maturity of the certificate would cancel the note and restore the certificate to the veteran upon receipt of all instalments in arrears, together with interest at 4 1-2 per cent, compounded annually, upon each installment from the time when due. In event of the death of the veteran before the maturity of the loan, the (Continued on Page Seven)..

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About Yorkville Enquirer Archive

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18,886
Years Available:
1855-1922