McCrory Officials
Mayor.Grover C. McCrory
Marshal .J. G. Pulley
Soldier’s Cough is Cured
Private Harold Hamel, 66th
Regiment, Ft. Adams, R. I.,
writes: “I was troubled with a
bad cough for three months. I
tried Foley’s Honey and Tar
and felt greatly relieved. I
recommend Foley’s Honey and
Tar and will keep it on hand.”
Giver relief from hay fever,
asthma and bronchial cough.
Red Cross Drug Store, adv.
DR. R. L. FRASER,
IS READY TO ANSWER
CALLS, DAY OR NIGHT.
Phone Number 2,
McCrory. . *. .Arkansas
L. B. WINFREE, J. P.
CONVEYANCES
G. W. BARBER
NOTARY PUBLIC
j AND INSURANCE
Feed, Lumber, Coal
Shingles, Doors, Rubber
Roofing, Paints, Brick and
Lime.
Corn, Oats, Chops, Hulls
and Meal.
H. D. SWAYZE
W. D. HINSON
JEWELER
Watchmaker & Optometrist
at McCRORY every
SATURDAY
Constipation and Billiousness
Geo. Jenner, 416, Labor St.,
San Antonio, Tex. writes :“Fol
ey Cathartic Tablets have prov
en the best laxative I have tak
en and I recommend them to
sufferers from constipation or
billiousness. They should be
in every traveling man's grip.”
Relieves sick headache, bloat
ing or other conditions caused
by bad digestion. Red Cross
Drug Store. adv.
PROPOSED LEGISLATIVE AMEND*
MENT.
Proposed Constitutional Amsodnut
No. IS.
Providing: credit of State may bo
loaned and Indebtedness incurred to an
unount not exceeding: two per cent of
he assessed valuation of property in
State for the purpose of providing
funds to be loaned upon the soourity
of farm lands within the State or mak
ing farm loans; providing: Governor,
Secretary of State and State Land Com
missioner shall constitute State Land
Board having authority to sell bonds
in name of State, place money in State
Treasury and loan money to bona fide
purchasers of farm lands in Arkansas,
and prescribing: manner in which such
loans shall be made and repaid; dele
gating to the Legislature the authority
to provide for carrying out, administer
ing and safeguarding the provisions of
this amendment; providing all provis
ions of the Constitution of Arkansas
in conflict with this amendment ar*
ropealed.
FOR AMENDMENT NO. 15.
AGAINST AMENDMENT NO. 15.
Be It Received by the House of Rep
resentatives and the Senate of the'
State of Arkansas, the Majority of
Both Houses Agreeing Thereto:
That the following is hereby pro
posed as an amendment to the Consti
tution of the State of Arkansas, and
the same being submitted to the elec
tors of the State for approval or re
jection at the next general election
for Senators and Representatives, if a
majority of the electors voting at such
election adopt such amendment, the
same -shall become a part of the Con
‘itution of the State of Arkansas, to
wit:
Section 1. Notwithstanding the lim
tation contained in Section 1 of Arti
cle 16 of the Constitution, the credit
>f the State may be loaned and in
debtedness incurred to an amount not
exceeding two per cent of the assess
ed valuation of all the property In the
State for the purpose of providing
funds to be loaned upon the security
of fr,rra lands within the State, subject
to the limitations herein contained.
Sec. 2. The Governor, Secretary of
State and State Land Commissioner
she1! constitute the State Land Board,
which board is hereby authorized and
directed to issue and sell or pledge
bonds in the name of the State, to be
known as “Arkansas Farm Credit
F.onds,” in an amount not to exceed
two per cent of the assessed valuation
of all the property in the State, and
to place the proceeds in the State
Treasury in a fund to be known as the
“Arkansas Rural Credits Loan Fund.”
Sec. 3. Said bonds shall be Issued
in denominations of $25.00. $100.00,
$500.00 and $1,000.00, and shall be is
sued in series of $10,000.00 or multi
ples thereof, drawn to mature in not
more than thirty-six years; nor shall
said bonds be sold until applications
from bona fide purchasers of land ag
gregating $10,000.00 have been filed
with and approved by the State Land
Board. Said bonds shall bear interest
at the rate of four per cent per an
num, and shall be exempt from tax
ation by the State of Arkansas, or any
of its subdivisions.
Sec. 4. Said State Land Board is au
thorized and directed to loan the mon
eys in said Arkansas Rural Credits
Loan Fund to bona fide purchasers of
farm lands in Arkansas, upon notes se
cured by mortgages or deeds of trust
constituting first liens on such farm
lands in amounts which shall not ex
ceed seventy-five per cent of the ap
praised value of such lands. The cred
it of the State shall not be loaned to
any person to purchase more than 80
acres of land, nor land valued at more
than $50.00 per acre. Nor shall a loan
of less than $200.00 nor more than $$,
noft.00 be made to any purchaser of
land.
See. 5. Such loans shall not be made
except to owners who "operate” and
"occupy” lands mortgaged. and shall
he made for the following- purposes:
(a) The payment for lands purchased:
(b) the purchase of live stock and oth
»r equipment, and the making of Im
provements which, in the judgment of
tnld board, will Increase the produc
tivity of such lands or add to their
rah’e as a farm home In a degree to
lustlfv such expenditure; and (c) for
satisfaction of eacumbiances upon
such lands, which, in the Judgment of
said board, ware incurred or assumed
oy said applicant for tho aforesaid
purposes.
Sec. 6. Every applicant for a farm
loan shall state clearly in his applica
tion the purposes for which such loan
is desired, and upon its approval by
the board this statement shall be deem
ed & part of the note or contract under
which the loan is granted. But no
failure to apply such funds to the
purposes stated In such application or
enumerated herein shall invalidate a
loan when once made, nor shall any
thing herein contained be deemed to
prevent any farm owner from selling
or leasing lands subjeot to such in
cumbrance; but if he shall violate his
said contract by applying the money;
borrowed to purposes other than tbos<
stated in his application er enumerated
herein, or if he shall lease sueh lcinds
or sell them to any person not fulfill
ing the eondltlens and purposes pro
vided for herein, said board Is author
ised and direoted to require the renav
meat iaid.loaji urea six mouths’ ac
flee; an«T *«f2T note or eonTrncT shall
contain a clause providing therefor.
See. 7. Such loans shall be reprtd
with Interest accruing' In annual In
stallments on the amortization plan,
such installments being fixed at such
sums as will cover the Interest rate
and will liquidate the debt In a period
to be agreed on between said board
and the applicant, said period to be
not less than fire nor more than thirty
six years; but any debtor may liqui
date any part or all of his indebtednewi
in amounts of ffiO.OO or multiples there
of upon any amortization paymeat
date.
Seo. I. The rate of interest en loans
shall be five per cent per annum; pre
vided, that no Farm Credit Bonds shall
be sold for less than par; and pro
vided further that the board shall re
quire each applicant te pay an initial
charge of 1 per cent of the loan grant
ed, the minimum charge to be $1*0.00
to cover the eost of appraisal and ex
amination of title.
Seo. 9. All surplus funds accruing
from the operation of the system of
rural credits herein provided for, after
paying Interest accruing on the afore
said bonds, and all operating and other
expenses arising from the administra
tion of said system of rural credits,
shall be placed In the State Treasury
and become a part of a fund to be
known as the "Arkansas Rural Credr
Reserve Fund.” Said Arkansas Rum’
Credits Reserve Fund shall be loaned
on farm lands In the manner herein
provided for the Arkansas Rural
Credit Loan Fund, and the interest ac
cruing from loans made from said Ar
kansas Rural Credits Reserve Fund
shall be added to it and become a part
of it. The said Arkansas Rural Credits
Reserve Fund shall he Irreducible, ex
cept that It may be drawn upon to re
imburse the State for loss incurred in
the administration of said system of
rural credits.
Sec. 10. The Legislative Assembly
shall provide in such detail as it shall
deem advisable for the carrying out
and administering of the provisions of
this amendment, and shall provide ad
equate safeguards against the use of
such loans as an aid to the purchas
ing and holding of lands for the pur
poses of speoulation. Such safeguards
shall Include clear definitions of the
terms "operate” and "occupy" used
herein. In the absence of such legis
lation, and subject to the same after
its enactment, the State Land Board
shall proceed to administer said sys
tem of rural credits under rules and
regulations provided by itself, but sub
ject to the provisions herein contained.
Sec. 11. The provisions of the Con
stitution of Arkansas in conflict with
this amendment are hereby repealed, in
so far only as they conflict herewith.
The provisions of this amendment
shall be self-executing, and shall take
effect and be in operation 60 days af
ter their approval and adoption by the
people of Arkansas.
Approved by the Governor, and filed
In the office of the Secretary of State,
March 17, 1917.
Each elector may vote for or against
the above amendment.
Witness my official signature this,
the 24th day of April, 1918
[Seal] TOM J. TFRRAL,
Secretary of Stat*
THE BANKHEAD HIGHV/AY
Several weeks ago, Secretary
J. A. Rountree of the Bank
head Highway Association sent
a letter to the various county
officials, officers of the local
units of the Bankhead High
way Associations in the various
cities, towns and counties be
tween Atlanta and Memphis
where the Bankhead Highway
ha been definitely located and
asked them to furnish the lat
est information in regard to the
number of miles of road, im
proved, the number of concrete
brick, asphalt and sand clay
roads; also the number of con
crete, iron and wooden bridg
es; also the amount of money
that their respective counties
have appropriated for building
the Bankhead Highway. Sec
retary Rountree is now actively
compiling these statistics for
the benefit of the association,
and also to show the wonder
ful work that has been done
during the past twelve months
on this great highway.
From the reports received
over $2,000,000.00 has been
spent upon the Bankhead High
way between Atlanta, Birming
ham and Memphis, Tenn. The
distance between Atlanta, Bir
mingham and Memphis, is over
450 miles. The Bankhead High
I*1V»1 VK ----- , . i ♦ t: AMEND.
A. ---V V.
Proposed Const National Amendment
No. 14.
Amending Sections 2 and 3 of Arti
cle 7 of the Constitution of the Stats
of Arkansas; providing; that the Su
preme Court of the State shall be
composed of seven Judges, one Chief
Justice and six Associate Justices; pro
viding the Judges may sit in two di
visions, and otherwise providing the
manner in which the court shall sit
and shall render its decisions.
Providing for the selection and elec
tion of the two additional Judges.
FOR AMENDMENT NO. 14.
AGAINST AMENDMENT NO. 14.
Proposed Constitutional Amendment
No. 14.
Be It Resolved by the Senate and
House ol Representatives of the
State of Arkansas, the Majority of
Both Houses Agreeing Thereto:
That the following Is hereby pro
posed as an amendment to the Con
stitution of the State of Arkansas, and
the same being submitted to the elec
tors of the State for approval or re
jection at the next general election
for Senators and Representatives, if a
majority of the electors voting at such
election adopt such amendment the
same shall become a part of the Con
stitution of the State of Arkansas, to
wit:
That Sections 2 and 8 of Article 7
of the Constitution of the State of Ar
kansas be amended to read as follows:
The Supreme Court shall be compos
ed of seven Judges, one of whom shall
be styled Chief Justice and elected as
such. In the consideration and decis
ion of cases, all Judges may sit or the
Court may be divided into two divis
ions, and the decision of each of said
divisions shall be the decision of the
Court. The Chief Justice shall assign
three of the Associate Justices to each
division, and he may change such as
signments from time to time, and the
Associate Justices may interchange
with each other by agreement among
themselves. The concurrence of three
Judges shall be necessary to a decis
ion In either division. When the
Court is sitting in banc, the Chief Jus
tice shall preside, and the concurrence
of four shall be necessary to a decis
ion. The Chief Justice shall allot the
cases to the divisions, and he may or
der any case to -be decided or recon
idered by the court in bano. The
Chief Justice may sit in either division,
and shall preside when so sitting. The
Judges of each division shall elect a
presiding Judge for that division, who
shall preside when the Chief Justice Is
not sitting in that division. If the
Chief Justice is absent from the Court,
the senior Judge present shall perform
his duties.
The Governor shall appoint the two
additional Judges provided for herein,
one of whom shall hold office until his
successor is elected at the general elec
tion for State officers in 1922, and
qualifies, and one of whom shall hold
office until his successor ia elected at
the general election for State officers
in 1924, and qualifies.
Approved by the Governor, and filed
in the office of the Secretary of State,
January 17, 1917.
Each elector may vota for or against
the above amendment.
Witness my official signature this,
the 24th day of April, 1918.
[Seal] TOM J. TERRAL,
Secretary of State,
H
way passes through the most
fertile agricultural section and
the richest mineral region in
the world. When this road is
completed from Washington to
Los Angeles, Calif., it will un
doubtedly be the greatest high
way of its kind ever projected.
The selection of a suitble
and permanent marker for the
Bankhead Highway has occu
pied a great deal of attention
of the Special Marking Com
mittee, which has for its chair
man, President T. S. Plowman.
He is very anxious that the
marker shall be one that is en
during, attractive, suitable and
servicable.
A meeting of the Board ot
Directors of the Bankhead
Highway Association to hear
the report of the Pathfinders
on the two contesting routes
between Washington a n d
Greensboro, N. C., will be call
ed in the next few days. This
meeting will be a most inter
esting one as it is xpected that
the contesting delegates of the
routes will be present to hear
the report and to contest the
same.