The Newark Journa
PUBLISHED WEEKLY
By The Journal Printing Company
Entered at the Postoffice at Newark
Ark, as second class mail
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CLASS LEGISLATION
The St. Louis Globe Demo
crat, the great Republican
newspaper of the central west
is very much perturbed over
the results of the late congress
so far as legislation affecting
the farmer is concerned. As
is wellknown western Repub
lican and Democratic Senators
organized what is known as
the “Farm Bloc’ which de
manded and obtained much
very needful legislation for
the farmers, the first they real
ly ever had. They were aided
by Southern Democrats, who
made the combination strong
enough to put the farm pro
gram through. The bloc
broke party lines and several
administration measures went
to the scrap heap when it be
came an issue between the
monied aristocracy of the east
and the agricultural interests
of the west and south. This is
what the Globe Democrat does
not like. It says the farm
legislation is class legislation,
and it is using the party lash
on those Republican senators
who broke with the organiza
tion to help the farmer. It is
predicting dire calamity to the
country and to the Republican
party if this special agricultur
al legislation is persisted in and
put on the statute books. It
was this bloc going to the aid
of the Democrats, that virtu
ally rewrote the revenue bill
which was born in the east,
and which is now designed to
make big wealth pay its share
of taxes. But according to Re
publican authority this is class
legislation, and the farm bloc
should not have interferree
with the program mapped out
by the party leaders who hac
received their orders from wall
street.—Stephens News.
You Won’t Get Bit
If YoujTrade
At Jeffery’s
Get Our Prices on
Wagons
Wholesale
and retail
Jeffery’s
BATESVILLE
BANKS SHOW OTHER
SIDE OF SCRIP CASE
Three Banks of Batesville Ex
plain How Interest Agree
ment Was Made
Judge T. A. Gray rendered
a decision«an coiTTily court last
week declaring about $62,000
worth ol County scrip held by
Batesville banks to be null and
void, because the scrip bears
8 per cent interest, which
Judge Gray holds is unconsti
tutional.
The First National Bank of
Batesville, the Union Bank &
Trust Co., and the Citizens
Bank of Batesville, have been
carrying this scrip for the past
two or three years, having'
bought it from citizens of the^
county at par, and the banks
have issued the following
statement with reference to
the decision ol' Judge Gray:
BAN KERS ST A TEMENT_
“In 1017 and for some years
prior Independence county
warrants were selling at 70
cents on the dollar. The coun
ty was obliged to pay an ex
cessive price for all its sup
plies and citizens who held
the scrip had to accept a heavy
discount if they sold their
holdings.
“When the Levying Court
met in October, 1917, a com
mittee was appointed to visit
the banks of Batesville and
see if an arrangement could
be made to put the county on
a cash basis. The banks
agreed they would cash all
warrants at par after this date
provided the county would pay
them interest on the daily bal
ances of county scrip held by
them at the rate of eight per
cent per annum and provided
further the county judge and
other officials would cut out
extravagances and would co
operate to cut down expenses.
The Levying Court thereupon
issued an order setting out
that in order to put the coun
ty on a cash basis the holders
of its scrip would be entitled
to receive interest thereon at
the rate of eight per cent per
annum. The warrants already
outstanding were not to share
in this benefit. An appropri
ation of $1,000 was made to
put the order into effect put
ing the county on a ca»sh basis.
“After this order was made,
practically all the scrip issued
by the conuty was immediate
ly taken by the holder to one
of the banks and cashed at
par A large amount of this
scrip has been issued upon the
approval of the present county
judge, including warrants for
his own salary and that of the
other county officials.
“The banks found that in
stead of getting out of debt the
county was getting more deep
ly in debt owing to extrava
gant expenditures, and they
decided last July to discotin
ue cashing the scrip at par.
Recently the county judge is
sued an order declaring all this
scrip outlawed upon the con
tention that it is inerest bear
ing. As a matter of fact it is
not interest-bearing and never
was—not a single piece of it
The banks depended entirely
upon the good faith and honor
of the county judge for reim
bursement for carrying the
county’s indebtedness . Had
the judge refused to allow
them their first semi-annua
bill for interest they could nol
have forced payment. Thej
i understood this all along, bul
| in view of the fact that theii
putting the county on a cast
basis had saved the county
many thousands of dollars and
its citizens many hundreds of
dollars, they felt that no right
thinking citizen would ever ob
ject to their receiving a prop
er compensation for thus car
rying the county’s indebted
ness. They are sure no honest
man expected them to carry it
for nothing.
“The Batesville banks have
no uneasiness as to the final
outcome of this attempt on the
part of our judge to repudiate
the county’s honest debts. His
attitude is not approved by
the citizens, "'ho rank with
those of any other county or
any other state in standing for
honesty and square dealing by
counties as well as individuals.'
FAVOR CUT IN COTTON
Lawrence County Growers Will
Hold Down Acreage
Walnut Ridge, Dee. 2—Law
rence County land owners and
tenant farmers, bankers and
merchants held a mass meet
ing here yesterday. Over 500
were present. A number of
talks were made. The con
census of opinion expressed
bv the vote of the meeting was
that the cotton crop be held
down to the same acreage and
within the same limits as that
of last year, and that there
should be no increase in acre
age or production. There was
a reduction last year in the
county of about 30 per cent.
More corn and hay and feed
stuff's will be raised. The
meeting was very harmonious
and satisfactory.
TEACHER’S EXAMINATION '
_ i
The regular examination
for teachers will be held at
Batesville on Thursday and
Friday, December 15 and 16,
1921.
W. T. JERNIGAN,
County Superintendent.
The Opening of My New
Sales Barn, One of The g
Largest in the South
*
This Barn has the floor space for 100 mules and
horses, and at least this number will be kept on
hand at all times.
I
My policy will be to keep only the finest farm-bred
Missouri Mules at all times. I have a salried buyer
who does nothing but drive over the finest mule
raising sections of Missouri, buying the pick of them
all for me. These mules have never before been
on the market and are, therefore, free from disease.
I BUY CHEAP -SELL CHEAP—EIGHTY HEAD
OF THE CHOICEST MULES NOW AT THE
BARN, AGES 3 TO SIX YEARS.
WILL BUY OR WILL SELL FROM ONE MULE
TO A CARLOAD. COME AROUND AND IN*
SPECT THESE MULES AND THEIR NEW HOME.
A. M. EDGAR !
__ __
214 BEACH STREET
Phone 422
n
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BURGLARS DON’T SEEK
THE LIMELIGHT
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ARK NESS is their stock in trade.
They work by stealth—unheard and unseen—
their movements cloaked in secrecy. It’s hon
est folks that seek the light. They are the
onlv ones who can risk it.
It’s the same way in business. The mer
chant who is not sure of his goods does not
dare to advertise. Advertising would hasten
*
the end of his business career—put him to a
test he could not meet.
The merchant who advertises, deliberately
invites your inspection. He tells you alwut his
product and then lets it stand on its own
merits. YOU CAN DEPEND ON HIM. HE
KNOWS HIS PRODUCT IS GOOD.
I hat’s one reason why it pays you to read
♦tX
the advertisements. It is through advertising
that you are able to keep in touch with the
good things that progressive business men are
handling tor your benefit and convenience.
Advertisements throw a powerful light
on the very things that concern you most.
3
Trade With the Merchants Who Advertise
THE NEWARK JOURNAL
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