Daily Ardmoreite (Ardmore, Okla.), Vol. 27, No. 274, Ed. 1 Wednesday, August 25, 1920 Page: 3 of 8
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UESDAY AUGUST 24 1920
DAILY ARDMOKE1TE
PAGE THREE
JffoW cJmericanfi Banks
'mrm Promote foreign 9radt
-' - ' ; f o .
v t v. 4 Vvv J- r3i .'j . i- -t-'w ;
Sf Kli'J r.U". v? " ' '"I- ' VARioR THROUGH 5? .A.
f' VtyrSrtr'' r - 43 . v?7 1 v "V Z A ? which a laroe :'.vv
' wk "42 sfc tvv. rA reaches MMm
' 'D C WEST STREET" NEW V0RK VAST AMERICAN CAPGCES feilW
i ?Ji 7 ARE ASSEMBLED HERS FCP TOREIGM PORTS. Ify MVWtM 1
N THE 0R.CNT. H MM
V" 'Tki -u.
OCCKS AT ""On-;...?-
VALPAHAiso
rniLE A .PORT
or tWTPY FOR AMERICAN 00005.
By FRANCIS H.'SISSON
Vice-President Guaranty Trust Com.
pany of New York.
g EVER to Aincrlcnn eotnmpi
i r) flHl 'ls"rT ba 'orelRii
3 m Li ultlps hs today. Wht crip.
pled Europe Is crying to us
for food raw materials and manufac-
tured products. The rest of the Rlohe.
finding Its former European supply
temporarily cut off has also hepn turn
lng to us to met't the deficiency.
Amprlcon banks are pluplng lend-
ing pnrt In enabling our manufactur-
ers and merchants to tube advantage
of this opening. The pussage nearly
six years ago of the Federal Reserve
Act made It possible for the first time
for the larger national banks to estab-
lish branches abroad. State legisla-
tion since then bus similarly permitted
some of our large state chartered In-
stitutions to take the same step.
i iit" uew uvenues to rortune are
stimulating the Imaginations alike of
manufacturers and producers of row
material big and little. Hut to many
the foreign market Is In large measure
new field. The machinery of Its op
ertttlon appears a complicated nuzzle.
In the first place It Is always more
desirable to do business with somebody
you Know or at least someone whom
you know something about than with
- an utter stranger. Where not only
large transactions but credit that Is
postponed payments are Involved
this Is nothing short of Imperative!
When your customer or be who would
sell you goods Is a forelsner yon cen
ci-ally want also to know something
niiout ins country its commercial laws
a nil customs. Its currency. Its banks
Its chief trade centers types of Indus!
try and Its portj In gliort everything
possible that would help you to decldo
whether yon want to do business there.
either for the moment or permanently.
A well-eiulpped bank with Its organl-
zntlon for secuVlng collecting and
making avallnble Information of this
diameter can render Invaluable assist-
ance to exporters who are In need of
such service.
ii
INTERIOR OF BANCO MERCANTIL
AMERICANO- CARACAS VENEZUELA'
ONE OF THE PROMOTERS OF OUR
TRADE WITH SOUTH AMERICA.
Is ns take shipment of paints and
varnishes from s manufacturer In the
United States to a dealer In Uruguay.
In this transaction for the sake of
Illustration we will consider that the
manufacturer looks after shipping ar-
rangements. In prpetlce however
shippers generally prefer to entrant
their shipments to established forward-
lng agencies who attend to all these
shipping details.
In this case all correspondence or-
ders and Invoices between the manu-
facturer and buyer should be written
or printed In Spanish Hnns seeking
foreign trade should employ transla-
tors. Negotiations are nsnslly opened by s
letter of Inquiry from the prospective
customer asking for advertising litera-
ture. Including price lists and discounts
for dealers. In replying. It should be
remembered that from ten days to
three or more months are required for
mall to reach overseas destinations.
It Is desirable therefore that the letter
should be much more complete than In
the case of a domestic prospect
Special emphasis should be laid on
courtesy In suob correspondence. Busi-
ness men In most foreign countries are
not accustomed to the abrupt matter
of-fnet methods of expression gener-
ally employed between American busi-
ness men. Wherever practicable sam-
ples should be forwarded The mnnu-
AN
AMERICAN
BRANCH BAM
IN PARIS.
facturer shonld furnish the prospec-
tive customer with bank references or
other Information regarding bis Integ-
rity. The next step for the manufacturer
Is to obtain a credit report on Oie
prospective customer. Reports on
foreign firms are Dot generally as de-
tailed as those furnished by commer-
cial agencies on firms In the United
States. However It Is safe to say that
accurate Information Is obtainable on
houses In practically every part of the
world. In analyzing a cn-dlt report
political economic and other condi-
tions prevailing In the country of the
customer should also be taken Into
account As a rule not much Impor-
tance can be attached to local refer-
ences other than banks.
We will oow suppose that tie In-
quirer responds with an order. A
standard shippers order form should
have been mailed to the prospect In
the reply to the original Inquiry. Par-
ticularly Important Is a column In this
blank calllDg for the code word for
each Item of the order another code
word helng used for the whole order.
A sultnhle Fpace Is also provided for
names snd references.
The goods are now ready for ship-
ment. On each caf e should be stencil-
ed among other thlncs. the name of
the shipper consignee's shipping
mark and the serial number of the
case. Only those marks which are
absolutely necessary and wording
which would be understood In the
country or destination should appear.
The manufacturer now reserves car-
go space and receives n shipping per-
mit from the steamship com putty al-
lowing hitn to put the stipulated nilm-
ber of cases on the steamship's pier
on s certain diite. The goods are
sent to the pier nnd the driver Is
given the shipping permit and also
licin oFfirP OP A?IA BANKING
CORPORATION-IN THE FAR EAST
doc receipt. On delivery of the
goods st the pier the receiving clerk
siL'ns the dock receipt
Clearance Is not granted until the
shipper's export declaration has been
nrooerlv filled out and sworn to before
a customs olneer notary or other of
ficers. This certificate Includes a com-
plete detailed statement of the ship-
ment Its origin description of pack-
ages and Itemized prices. It Is pre-
pared In duplicate and after being
sworn to the original Is retained by
the collector of customs. The dupli-
cate Is then taken to the steamship
roniDan? with bills of lading ready for
signature and Is later delivered to the
collector of customs by the steamship
company.
Several foreign countries reflulre
consular Invoices which must be re-
sented to the consul of the country to
which the shipment Is destined. The
consular invoice Is -signed by Ue con-
sul and a fee charged. Uruguay does
not require a consular Invoice. In-
stead a certificate of origin must be
submitted to the consul In duplicate
for certification. One copy Is re-
tained by the eonsul and the other
la submitted to the Bteamshlp com-
pany with the bill of lading but la re-
turned to the shipper.
It is necessary for the shipper to
prepare from three to eight or even
more copies of the bill of lading the
exact number depending on the num
ber of copies required by the steam
ship company by the cousol and by
the shipper respectively. Possession
of any one "negotiable' or signed
conv conveys ownership of the goods.
Insurance should be cDtainea in me
meantime through 'lie shipper's Insur
ance brokers. It Is customary to in
sure a shipment for the total amount
of the Invoice plus ten to twenty per
nnt In order to protect the party in
sured against loss of forwarding and
sundry charges.
The Invoice may Include a state-
ment of weights and measurements
although many manufacturers prefer
The type of ex?ort Invoice la dt-.
mined largely by the character znm
business and the Ideas of the export j
manager. Some prefer the ordinary doj
mestlc form while others use a mooi
(led Invoice for exports. Advance
for ocean freight Insurance and any
other charges are added to the Invoice
If the amount of these charges Is
known ot the time the Invoice U
made out All discounts should be de- (
ducted from the face of the Invoice.!
Foreign Invoices are generally signed
as In some countries Invoices have no
legal force otherwise. Three copies
of'the invoice are made; an original!
for the bank one copy to the customer ;
and one copy for the shipper's flies.
In paying for the consignment of
.roods a foreign draft Is generally em-
ployed. Let us assume first that th;
foreign buyer bas authorized the
American seller to draw on him or on ;
Ms bank a draft payauie at
or at 60 90 or 120 days after sight
The seller ships his goods receives!
from the carrier the bill of lading!
and attaches this the Invoice or ln-j
voices and bis Insurance policy to the '
'lratt which he then takes to his;
hank. If his credit standing and that;
f his foreign customer Is godj
.nd the other circumstances of the;
rase warrant It "iny receive an
mmedlate credit on the draft other-:
vise credit will be given on advle;
that the draft has been paid. The bill
or draft with Its attached dorw ientv
is promptly sent by the bank to a i
nranch or correspondent In the city j
or at least In the country.
-he borne of the bank on which the j
bill is drawn. The bill is then pre-
sented to the bank and. If time bill
;s accepted by lt-that Is the bank ac-
cepts the obligation to pay It when
It comes due. Documents are there- j
upon detached and turned over to the
accepting bank. In order tnat u
thereby come Into possession of the
ia n their arrival. u'
. .iv m it is Dam dj u
bank immediately on presentation If
time bill. It is payaoie perimv w
a- i tie- V TCI 1
90 or 120 days aner bikw
after presentation and acceptance. U
of course the flrnrt " v" .Ii
Importer himself not on his bank it
is be who will have to accent It In
accepting he Is likely to write on it
Payable at sucD-ano-en uau-
A foreign importer may arrange to
. In n nir-
nay an Amerimu - -
ferent way. Through his bank I
branch or correspondent T.
New York bank be may "V8"":
. .ji. Via Vnrlr. In this
an export creun m
case he will direct bis nan to
his account a given amount and cable
the New York bank to open a credit
to that account In favor of the ex-
porter to cover expected shipments
of goods. The exporter on the occa-
sion ot such shipments will then take
proper documents to the New York
bank and draw In the correct amounts
on the credit that bad been opened In
his favor
irinaiw. the foreign Importer may
purchase from his bank a draft on Its
American correspondent or home
bank Id favor of the American ex-
porter. This la essentially a cbi
In payment
DESPITE INFLATED
CONDITIONS THERE
SEEMS A SURETY OK
A GOOD BUSINESS
(Cuiitinued from Page One)
Jraw attention tu prisormis ivhu have
Uteri arriving tart foot unU ' in very
scant attire. There are reports how-
ever that the P.ussiam are suppliel
Kith golJ and it ii su-jgestud Uuit
the prisoners are diW't-ti'd of my at ot
their garmtntJ by their Pulili cap-
tors. Tht Poles uppear to be extmrncly
bitter tu7-ards Germany particularly
Eias: Pruiiiuiii. The Uvrmuiu an;
-.haigeJ with seeking to aid th-j ovki
torces by.-giving them ammunition and
arms.
Confidence that the Poles are alb
to handle the situation was evideiie-
id by Patrick Verdun head of ilr?
Ameiicun relief administration to-
Ivy on his return to Warsaw. He was
here en route to Danz.g with larg ;
quantities of supplies but said he
R-oull k'J back '-o the Polish caplt:tl
ind resume work especially in sec-
tions devastated by the Russians
vheie he believed that DUU.UUO prison-
fi'S Were virtually destitute. There
las been a universal spirit of great
.'riendUness toward Americans in Po-
and and the Lope that Americans
would help rehabilitate the country
have been expressed.
POIISH VICTORIES
SEEM NOT TO HAVE
AFFECTED "WANTS"
OF SOVIET PEACE
CLAIMS AND WANTS
I Continued from pa'ie 11
out) barrels in Ju'y over June la-
tiioush the district's daily average
decrcVci'. T.VJJ barrels. D.-creaseS in
daily rate of production and total
vleU for the month were registered in
the fields of non'.i Texas and lvrtii
Louisiana the latter Hiouin a loss
of 30-Uj5 barrtls in total runs for
the month. Substantial sains were
scored in central west Texas the gulf
coast and southern Oklahoma fields.
The increased volume '. orders
booked in July by wholtsalu Uoaleis
in dry gjods hardware drus and
automobile supplies us reported tu
the federal reserve tank by corres-
pondent firms was taken as un indi-
cation that retilers were beginning
to lay in stocks for the -fall trade
with the wholesale apparel trade shuw-
lng symptoms of renewed stientfth
following a dull summer season. Re-
ports from retail firms showed larger
sales and better deliveries in July
than in June. Prices were higher
but it ftiaa was indicated there was
jnor buyuiff
FALL TERM OF CARTER
COUKTY SCHOOLS WILL
T:
TEACHERS
COURSE IN
E
OCTOBER
Washington Railroads entering
Galveston Texan were ordered by the
Interstate Commerce Commission to ex-
ercise their right of removing grain
from freight cars not unloaded durlns
free time 'and storing it In ware-
houses at the owners risk. The com-
mission stated shortngo of equipment
ind congestion of truffle in that ter-
ritory created an emergency requiring
Immediate action.
I Want'Aas in The Dully Ardmorelte
fX results
Carter county schools will open for
the fall term about November 1 is
the announcement made by George W.
Cui'ftnan county superintendent.
Mr. Cof.'man states that with the
exception of two districts Snider's
Chapel and District C'J all of the
districts have been supplied with
teachers. These districts will be sup-
plied within due Utile fur the opening
of the schools.
Preceding the opening of the schools
a Teachers' Training course for the
county teachers v.-. 1 1 be conducte 1
in this city by Superintendent Coff-
man. This Is in accordance with tho
plan adopted by Mr. ColTrnan and
which he Las carried out every year
sire- lie Las ii'rvl in the capacity
of county superintendent. The train-
ing course will be held during the
month of October.
A r.umber of summer schools are
being successfully conducted through-
out the county Mr. Coffman stated
calling attention to the fact that tho
Majority of th' i-'iu."'r" "
girls take advantage of every oppor-
tunity to ut'.enci Mciio..i. j. .-
open ar.d clo-"1 according to the !
cal condition of each community and
many will continue throughout this
month.
Following is a list of the schools
now in session and the teachers in
charge:
Kumar Mr. and Mrs. H. A. Bar-
ber. Xelda Mrs. Callle Layman and Miss
Williams.
Smyrna Mrs. Myrtlo Hoover and
Miss Fay Staniforth.
Hoxbar Miss Brittle Cox and Miss
Opal Brown.
Clinton Miss' Madella Lynch.
Provence Arthur Plnkard Mrs.
Logglns and Mrs. Hawkins.
Sure
Relief
6 Bell-ans
mm water
Sure Relief
km
raELL-ANS
HiH-iilght E A. Murchisun and Mrs.
Minnie Joints.
Dunalp Mrs. Mary V. Martin.
Earre-tt Miss mith.
Cullens Miss Fay Johnson.
Equul Rights .1. T. Bays.
Mary Xiblack Mr. and Mrs. O. C.
Reynolds Misa Grace Blankenship.
Rocky Point Mrs. Lottie Carpen-
ter and Miss Iihelma Darling.
Cisco A. K. Busby.
Pleasant Hill Miss Viiyil Cottle.
Mount Washington Chas. L. Park-
er and Miss Mattie Cox.
Springer A. A. Bagwell Mr. and
Mrs. Dooly and Mis Nina Arnold.
Thurston Grove H. R. Jeffries.
L. C. School House Mrs. Et'f-e
Terry.
Glenn EJ Steele Miss Ruth Steele
and Miss Leitie Maddov.
Dees'' Mies Ella Musgruve an-'.
Miss Millie. Cottle.
Prairio Va'ley G. C. Adams and
Mrs. Jewel Sloan
Plain view Mr. and Mrs. V. A.
Murphy and Miss Velma Lynch.
Broek Paul Michael and Miss
Ethel Wood.
Chock- Km vt Weldon and Miss
Eunice Walker.
Burker Hill P.. F. Jones.
Lone Grove Mr. and Mrs Paul
H. Patton Mrs. Ella Anderson Miss
Alma Butts and Mi.s L-na Scott.
Entorprist Ed Clendenon and Miss
Matlio Cypret.
Newport Miss Jessie Aldrlch and
Miss Tyncie Fuller.
Broadtree Hobert Michael and Mrs.
D. S. Hoover.
WooOford K. C. Reynolds Miss
Geneva Lykins and Miss Taylor.
Mile Miss Ozella Parker and Miss
Paul Blankenship.
Kellar Toy Saiyers and Miss Bon-
nie Cypret.
Blue Ribbon Mr. and Mrs. It. K
Donley.
Bryan Miss Wary Lee and Miss
r.iland.
Plack Jack J. L. Wltseit.
Wheeler Mr. and Mrs. C. S. Wat-
son and Miss Nettie Roberts.
Graham Miss Kutie B. Oav Miss
G'adys Fischcl and Miss Mnttle Veal.
Dus-
W.
P.oundup Mi; s Bettie Peal: and
ius.s Muttie Turner.
Humor Mies Ruth .Moore.
Fox Mi.is Eoniii-. and Bryan
tin.
FJui.kl.oni Mr. t.nd Mrs. J
Bales.
Staunton Hubert K. James.
Rex Mr. and Mrs. Geo. Uverturf.
Ingram Lane M:ss Lucas.
Camp School Miss Ada Holden and
Miss Cravens.
Tusy Mr. and Mrs. Guy M. Wood.
I-:t own Hamilton Owens.
Shady Dale Miss Jessie Johnson.
Rock Springs J. R. Hudson.
No. C:i. Mrs. Eldridge uud Mia!
Xoima Punter.
Springdale Miss Reva Wilson.
WAGERS IP ON
TEXAS PRIMARY ELECTION
The second primary election In Tex-
as in which Pat Neff of Waco and
.1 .W. Bailey of Gainesville are run-
ning fur governor will be hpld Sat-
urday and the agony of choosing
candidates will then be over in that
state.
For tho reason that Mr. Bailey ii
a national character and for the iea-
son that many Ardmore people form-
eily lived in his Lome town there is
much interest being manifested here
in the primary results.
GREEN CORN DANCE
Sue .'Hid I"o Indians Will (elehrate
Event at Keiulritlt in September.
Kendrick OkU Aug. 23. Old mem-
bers of the Sax an 1 Fox Indian tribes
are making prepai ations to hold tiieir
annual green in dance. The cere-
mony will be In 1-1 on the Gr. yeye farm
and will last tiir-e- days.
Hundreds of builiels fit green coin
Will be gatheied by tile tribes to be
served as an offering. The dance is
held to give thank to the Great Fath-
er for a plentiful yield. Komahtake-
mah wlil be master of ceremonies and
has called all of his follov.'eis to be
present.
TF YOU WANT TO SFM. OR EX-
niN(.E YOl'Ii FII5MTIRE
PHONE 2S13. Adv.... -23-3
NOTICE TO USERS OF WATER
ny person In the city of Ardmore
found wasting water through hose
rr cpen iiydiants or In any manner
wasting the City's water the water
will le discontinued from them.
W. T. FREEMAN
Berlin. The governing board of the
railroad workers union at Danzig vot-
ed to halt all war supplies arriving
ar that port destined for Poland.
Ardr.'fi-eitf W.'it Ads hri
. Oklahoma
pend one 0
October 1.
from him ti
City Governor
iy m Oklaiio:.:!
ae-'ording to a
FJ-n Lafayette.
Cox will
;h' .i - i.v
message
chairman
of the state Democratic committee.
::'':CR!NiC
mmmm
WV v -:-MI.v.v--.-.-.v.v.vAv.v.-.viJn
l!
."JMl.liJ-'i. -I
"1
AT an.
f 0UNT1W5 BOTTLED
t -rirXM TCJtW HMfiMW t9H MIAN QUtK Aff W-
I
ii
!
4 7
uor ctiajea or
blistered feet
There is nothing better than Reinol
Ointment. It relieves that hot dry sen-
sation and gemly heals the dialed and
blistered spot. Bathe the feet in hot
water before applyin? the ointment.
Prescribed by physicians for eczema
and similar skin troubles. AtaUdrvttiat.
C5 1
TOO LATE TO CLASSIFY
.'j-L' adv. Mayor.
REAL CARS at bargain prices; 191.7
Oils "S" touring. 1917 Olds "8-'
ronditer. International one-ton truck.
The Goshorn Motor Co phone 593
FOR RENT Three laiire unfurnished
rooms modern with closet and
rtore room. Call at 82 2nd Ave.
X. W. 2--.'
FOR SALE S cylinder OldsmobiL-
and 6 cylinder Pai?e left by cus-
tomers of our to be sold both in
good condition. Patterson Motor
Company. -5 3 I
FOS; RENT Light hoiis- keeping j
rooms 122S Republic Ave. north-
west. 2i -j
FOR RENT Two light housekeeping;
tooms and bed room nir-ely fur-
nished one block from Main. 11-'
A St.. snuthwesi. 2j-l!
Love
Silver
Refincmerif
True Beauty
Beside Assur-
ance of tho
longest service.
These are tho
ailvptitasci en-
joyed by (Us-
criminati.li .j
women who
select K-dm s
and Edwards
Silver
In
Jjni-.tvii
Caroliiirt
ami
Newport
Pattern
The next time
you buy calomel
ask for
IE TOC W.4NT TO SELL OR EX-
rmXGE YOIH FURNnTRE
rHONE"2313. AdvT. .. .24
Ardmorelte Want Ads bring result.
alotaLs
J : V
I To Women Who!
The purified and refined
calomel tablets that are
nausealess safe and sure.
Medicinal virtues retain-
ed and improved. Sold
only in sealed packages.
Price 35c.
SUGAR! SUGAR I
Special Sugar Sale!
Tomorrow !
The bip advance in freight
rates will have a decided ef-
fect on sujrar. Euy a good
supply NOW !
Cane Sugar 100 lbs. $19.95
Cane Sugar 25 lbs 5.05
Cane Sugar 10 lb3$2.05
White laundry soap
10 for 69c
Palm Olive Soap. 3 for 24c
Medium CRISCO 93c
Large CRISCO $1.89
En Zo Milk (like Hebe) 6c
Fancy Head Rice lb. 13c
Heliotrope Flour 12 lbs. 89c
Maxwell House Coffee 53c
Breakfast Delitrht lb. 53c
Brookfield Butter lb.64c
Full Cream Cheese lb. 39c
10 lbs. Potatoes 49c
Better think the sugar situ-
ation over it's serious.'
The Crescent Grocery
and Meat Market
113 Wet MiiLn St. Phone 618
Riht Next to KRESS A CO.
"
MEYERS CABINET SBO?
Carpenter and Cabinet Work.
House Painting by duy or by
contract.
Work sTlctly E'jarantfed.
Corner Eroadwny and A N. W.
Buckton Schneider & Waide
General Insurance
lint West Main
Phone 101
mi
mm
"The Biguest L'dtle Store In Town"
Prince Theater Comer
MONEY! MONEY!
Ve have plenty to make all good farm loans not-
withstanding the scarcity of money in the East
Quick Service and Best Terms
GEORGE R. FISH & COMPANY
ARDMORE1TE WANT ADS ERING BIG RESULTS
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Easley, John F. Daily Ardmoreite (Ardmore, Okla.), Vol. 27, No. 274, Ed. 1 Wednesday, August 25, 1920, newspaper, August 25, 1920; (https://gateway.okhistory.org/ark:/67531/metadc158603/m1/3/: accessed April 19, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.