.TREASURY HEAD OUTLINES IN
VESTMENT AS IT AFFECT8
■ BOTH LARGE AND 8MALL
SUBSCRIPTIONS — ITS
TAX EXEMPTIONS.
•ystem of Interchangeable Coupons
Makes Early Delivery to Buyers
Possible—Bonds Convertible
Into Subsequent Issues.
Washington, D. O.—Secretary Mc
AUuo uus announced the details of the
Second Liberty Loan, which has just
been ottered to the public. The chief
features are:
Amount, ?3,OQ0,000,000 or more, the
excess not to exceed one-half of the
einouAt of oversubscription.
Terms of Bonds—Maturity, 26 years;
redcemuiole at the option of the sec
retary of the treasury In 10 years.
Denominations of Bonds—$60 and
multiples of $o0.
Interest Bate—Four per cent, pay-'
sbie seini-annuaiiy on November If.
and May 15.
Terms of Payment—Two per cent
upon application, lb per cent Nov. 16,
4o per cent Dec. 15 and 40 per cent
Jan. 15, 101b. The privilege of con
verting bonds of this issue into bonds1
of any succeeding issue bearing a high
er interest late than 4 per cent dur
ing the period of the war is extended,
and through an arrangement under
which bonds will be printed with only
loin- coupons instead of 60 (to be ex
changed at the end of two years tor
the bonds containing the full number |
of coupons) deliveries will be prompt.,
In this manner the issue of interim
certificates will be avoided.
McAdoo’s Announcement,
Secretary McAdoo’s announcement'
reads as follows:
“Wjth the approval of the Preei-I
dent 1 have determined to offer, Oct..
1, 1817, 83,000,000,1100*^r more worth
of United States convertible gold!
bonds, due Nov. 16, 1042, and subject
to redemption at the option of the
United States at par and accrued in
terest on and after Nov. 16, 1927. The
bonds will bear interest from Nov.1
16, 1917, and the Interest will be pay
able on May 16 and Nov. 15 in each
year.
“The exact amount of bonda to be"
Issued under this offering will depend^
on the amount of subscription re-j
ceived. It is, of course, to be expected
ibat subscriptions considerably in ex-1
cess of 83,000,0001,000 will be received,!
and In that event the right is reserved i
to allot bonds In excess of 83,000,000,-1
900 to the extent of not over one-half
uf the sum by which the subscriptions
received exceed 13,000,000,000. In oth
er words, if subscriptions to ths ex
tent of $5,000,000,000 are filed *4,000,
*00,000 of bonds may be allotted.
At Par and Accrued Interest.
“The bonds will be offered as be
fore, at par and accrued Interest, and
will be in denominations of *50 and
multiples thereof.
“The bonds shall be exempt, both as
to principal and Interest, from all tax
ation now or hereafter imposed by the
l United States, any state or any of tho
possessions of the United States or
by any local taxing authority except
(a) estate or inheritance taxes and
|(b) graduated additional income tax
es, commonly known as surtaxes, and
. excess profits and war profits taxes,
now or hereafter imposed by the Unit
ed States upon the income or profits
of individuals, partnerships, associa
tions or corporations. The interest on
an amount of bonds and certificates
authorized by said act the principal
Df which does not exceed \n the aggre
gate $5,000, owned by any Individual,
partnership, association or corpora
tion, shall be exempt from the taxes
provided for In clause (b) above.
“If a subsequent series of bonds
(.not including United States certifi
cate of indebtedness, w’ar-s&ving cer
tificates and other obligations matur
ing not more than five years from the
Issue of such obligations, respectively)
bearing Interest at a higher rate than
4 per cent per annum shall, under the
authority of said act approved Sept.
24, 1917, or any other act, be issued
by the United States before the termi
nation of the war between the United
States and the Imperial German Gov
ernment (the dato of such termination
to be fixed by proclamation of the
President of the United States), then
the holders of bonds of the present I
aeries shall have the privilege, at the
option of the several holders, of con
verting bonds, at par. Into bonds bear
ing such higher rate of interest, at the
Issue price of bonds of such subse
quent series, not less than par, with
an adjustment of accrued interest.
Conversion Privilege.
"Such conversion privilege must be
exercised, if at all, at any time within
the period, after the public offering^
bonds of such subsequent series, be
ginning at the date of issue of bonds
of such subsequent Issue, as such date
■hall be fixed in such public offerings,
and terminating six months after such
date of Issue, and under such rules
and regulations as the Secretary of
the Treasury shall have prescribed.
The bonds to be Issued upon such con
version of bonds of the present series
shall be substantially the same In
form and terms as shall be prescribed
by cr pursuant to law with respect to
the bonds of such subsequent series,
not only as to Interest rate but also as
to convertibility (If future bonds be
Issued at a still higher rate of Inter
est) or non-convertlbtUty and as to
exemption from taxation, If any, and
GREATER ARKANSAS
WITH COUNTY AGENT
Bradford Knapp Urges Establishment
of County Agent In Every
County in the State.
A Greater Arkansas with a county
agent and a county home demonstra
tion agent in every county in the
state is now a possibility for the first
tiyie In the history of the demonstra
tion work. The IJ. S. Department of
Agriculture will assist the Extension
Division of the University of Arkan
sas in promoting the work if, the peo
ple of tlie various counties will do
I heir part.
In speaking of the proposed worn
for Arkansas, Bradford Knapp, chief
of the Suites Relations Service witn
the United States Department of Agri
culture says:
“I am very much concerned over the
question of a full organization of the
work this year. 1 mean by that a
county agent and a county home dem
onstration agent in every county.
This is a great Democracy and wo
cannot do anything without the help
of the people. If they could only real
ize how very important the work is
to them I feel that, we would have
the best kind of co-operation. Arkan
sas has always done well along these
lines and I hope she will opine up as
a banner state this year.
A County Agent For Every County.
At the beginning of the war with
Germany last April when measures
were being considered by Congress to
place this country in the best possible
position to win this war, one of the
measures considered was the increas
ing of the fofce of county agents and
county home demsnstration agents
and a considerable appropriation was
made to the Department for that pur
pose. The money appropriated was
simply to increase the number and en
able the same organization to be ex
tended to counties which had not had '
this service before. This can be done !
only in case there is local coopera- '
tion.
These agents &re necessary to a
county especially during this war be
cause the Federal Government has
many duties for them to perform in
rendering help to the people of the
county. They render assistance in
marketing, in the storage of food and
feed, in locating supplies of seed for
planting, in preserving seed for fu
ture use, in helping to prevent and
eradicate livestock diseases, in help
ing to reduce damage from insect
pests, and In many other ways. AH
of the things just mentioned are fully
organized right straight from the
United States Department of Agricul
ture down to the county and the
county agent is the key with which
the county cdn unlock the vault con
taining this information and this ser
vice. The Government will not refuse
to serve people because they have no
county agent, but it will find much
more difficulty in getting to them and
in rendering them service than it will
In the counties where there are county
Rgents.
Many Government Activities Depend
Upon These Agents.
With the county agents and the
county home demonstration agents
having direct contact through
the State Extension Service, with the
United States Government, they are
able to assist the people in problems
of transportation, labor, obtaining of
livestock from other sections trans
portation of supplies to farmers, and
many other things which at this time
require direct Federal assistance.
Many divisions of the Government’s
activities are depending upon these
county men and women agents to help
carry out a program which is going
to win this war and restore peace in
the w;orld.
The quorum, courts of Arkansas
should be impressed with these facts:
J. The county agents are neces
sary in order to give their people the
ruli service they ought to have in
time of war.
2. There is not a sufficient amount
tn the funds already in existence and
the funds appropriated by Congress
to permit of the paying of the full
salary of a man and woman county
agent in every county, and the co-ope
ration of the people in the various
counties Is necessary in order that all
may have the service.”
FEDERAL AID FOR COUNTY NOW
UP TO QUORUM COURT.
Many counties having agents real
ize the demand for these experts and
are asking the Extension Divi
sion of the University of Arkan
sas to help them retain their
agents. Counties not having agents
are already petitioning for aid in se
curing them. The business people of
every county know that the county
agent work has done more than any
one thing to increase the prosperity
of the rural communities and add mil
lions to the bank roll of the farmer
and they are anxious to see a county
farm demonstration agent and a boun
ty home demonstration agent in every
county in the state. The emergency
appropriation recently made by Con
gress makes this possible. The gov
ernment has done its part. It is now
up to the people and certainly the
quorum court of the county will ap
propriate a sum sufficient to secure
the government aid which rightfully
belongs to us and which will guaran
tee the splendid help of these agricul
tural experts. 1
More Wholesome Living.
It Is the cheerful custom of our
times to urge what amounts to Im
providence and Insist that the liberal
spending of our money is for the best,
not only for ourselves, but for every
body. Every effort to reduce living
expenses Is frowned on and considered
as a mean and underhanded attack on
some industry which ought to be en
couraged. If we do not wear gold
rings, w’e are not treating the gold
miners right, nor are we giving the
jewelers a fair shake In business. How
can we expect the jeweler to buy our
pork and cabbage if we do not buy
his gold rings? We are hurried on to
make more that we may spend more
with others, so that they may spend
more, and so on, and so on.
There is no end to this sort of thing,
and there Is no health In tills kind of
hectic existence. The principle of
making more that we may spend it
faster is not a worthy basis for our
philosophy.
A fit tie economy would be a whole
some thing for all of us and would
help amazingly in the matter of the
high cost of living.—Idaho Farmer.
Mosquito a Pestiferous Insect.
Moral philosophers, of course, mean
ing those who have more morality than
philosophy, have undertaken to explain
the purposes of mosquitoes, observes a
writer in the Providence Journal. On
the suppositious theory that nothing In
nature is without a beneficent purpose,
we used to be told learnedly that the
mosquito consumed malaria germs and
other things in the air, and so proved
himself a kind friend to man. In view
of the good thus conferred, the inci
dental stinging done by the insect was
to be considered lightly.
People who used to talk this way
have been doing less of it in recent
years, having learned, perhaps, that it
was nonsense. It has been demon
strated that the mosquito’s fuvorlte
habit is to load up his system with poi
son of some sort or another and then
seek out some human victim to Inocu
late. From all appearances this is the
only joy that life affords to a mosquito,
and it is all that Is accomplished by
him during his brief lifetime, except
to provide an umple number of de
scendants to carry on the work.
Hi* Regular Hour.
Father—Helen, isn’t it about time
you were entertaining the prospect of
matrimony?
Duughter*-Not quite, pa. He doesn’t
call until eight o’clock.—Judge.
Noodles.
Son—Pa, what do the head hunters
do with the heads after they get them?
Pa—Make noodle soup of them, I
guess. Don’t bother me again.—Amer
ican Boy. _
We do all kinds of mill and com
mercial printing on short notice.
RAILROAD TIME TABLE.
St. Louis, Iron Mountain & Southern
LITTLE ROCK ft MONROE RY.
South North
7:45 a. m.Huttig 3:59 p. m
9:50 a. in Monroe 2:07 p.m.
local. *
Leaves Arrives
1 1:25 a. m. Huttig 12:30 p. m.
St. Louis, Iron Mountain & Southern
FARMERVILLE ft SOUTHERN RY.
North South
5:22 a. m. Huttig 2:32 p. m
7:21 a. m... Farmerville 5:45 p. m
local. |
! 10:10a.m. Huttig 2:22p.m.
tArrives Monday, Wednesday, and Fri
day ^rom Monroe and goes to Farmer
ville.
*Arrives Tuesday, Thursday and Satur
day from Farmerville and goes to Mon
roe.
LODGE DIRECTORY.
ROWLAND LODGE No. 594 F. & A.
M.meets every second and fourth Satur
day evenings at 7:30 o’clock. Visiting
Masons always welcome.
T. B. Weaver, W. M.
W. P. Reasons, Sec’y.
HOWARD CHAPTER, No. 122, R. A.
M.- meets every first and third Thurs
day evening at Masonic hall. Visiting
companions welcome.
J. M. Gibson, H. P.
C. A. Berry, Secy.
ZEDEK1AH, COUNCIL. U. D.. R. &
S. M. Meets every fourth Wednesday
night of each month. Visiting confpan
ions welcome. T. B. Weaver, T. I. M.
R. N. Benson, Recorder.
HUTTIG CHAPTER No. 320, Order of
the Eastern Star, meets every first and
third Friday'evening at 7:30 o’clock.
Visiting brothers and sisters welcome.
Mrs. J. A. Brignac, W. M.
Mrs. L. G. Gibson, Sec’y.
HUTTIG LODGE No. 348 I. O. O. F.
meets every first and third Tuesday eve
ning. All brethern cordially invited.
H. C. Bedford, N. G.
Harlan Sehon, Secy.
HUTTIG REBEKAH LODGE No. 66,
meets every Monday night at 7:30 o’clock
Visitors are invited.
Mrs. Wilkie Frost, N. G.
Mrs. Murray Maroney, Secy.
SWEET BAY CAMP No. 41 1 W.O. W.
meets every first and third Saturday eve
nings. Visitors made welcome.
Lester Malone, C. C.
J. C. Bridges. Clerk.
Sweet Bay Circle No. 145, W. C..
meets every second and fourth Thursday
night at 7:30 o’clock. Visitors are cor
dially invited.
Mrs. E. S. Etheridge, Guardain.
Mrs. J. C. Bridges, Clerk.
8
§
8
&
i
For School Days
Now that the children are again in school
it is time to be thinking of preparing them for
th& winter months. We are especially prepared
to take care of all the clildren's wants as regards
their personal supplies.
Boys*’ School Suits
Our line of Boys' School Suits will meet
any demand. Growing, healthy boys need
strong, durable clothing, and our suits are nota
bly of the most durable material to be obtained.
Dress Goods for the Girls
Sensible, durable fabrics that will stand
the wear and tear of school life, while still
making up into handsome, presentable garments.
Gombining common sense with correctness of
style.
Under-Garments For All
Union Suits, two-piece Suits and Hosiery.
Every garment recommended as the best that
money can procure, and made for honest service
SHOES
For the Family
Our line of Shoes in
clude those of the best
known manufacturers
insuring you
QUALITY
and wear. Men who
insist on distinctive
ness will find it here,
as well as those who
wish substantial wear.
Boys the world over
seem to take pleasure
in running. The shoes
we sell for them are the
better kind and will
wear as long as any.
Ladies will find our
lines most complete
FOOD CONTROL
The Food Control bill will probably
do much good in establishing a fair
and just price for food stuffs. But
the price is not all. There is also the
QUALITY
If this is not up to the mark, price cuts a small
figure. Quality is up to your grocer.
We wish to state to every customer that
we stand behind the quality of every article that
leaves our store. Any customer who at any
time makes a purchase from us that is not sat
isfactory in every particular, is urged to return
same to us promptly and receive the purchase
price. Gan anything be fairer?
Nothing but perfect confidence in our
goods could justify us in making this remarkable
offer. Gome to us for
%
Food Satisfaction