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CHEMISTS SEEK. NEW AUTO FUEL. "Alcohol can never be anything more than a help where motor fuels are concerned," an official of the Bureau of Mines said recently. "'All the alcohol we are able to produce can be profitably used in the making of fuel mixtures, but, for all that has been said to the contrary, the quantity obtainable is relatively small. "Much has been said about the utilization of cornstalks for making alcohol on an enormous scale, but there is nothing in the idea. Cornstalks are bulky; it would not pay to transport them in great quantities to big central plants for distillation. To make such use practicable there should be a plant for every five square miles, run perhaps on a cooperative plan by farmers. But how many billions of dollars a year would it cosi to watch the farmers and see tha: the alcohol was not sold for beverage purposes? "In the year 1921 vre consumed in this country 7,080,000,000 gallons of gasoline. During the same period we exported 1,954,000,000 gallons. Our production of alcohol in the twelve months was about 100,000,000 gallons. So you see how small a figure relatively the alcohol cut. "Alcohol can never take the place of gasoline as a motor fuel. There would have to be a special carburetor to vaporize it, and the power generated by it is not nearly so great as that obtainable from gasoline or a I mixture. "The so-called 'auxiliary' motor fuels are composed either of gasoline and benzol or of those two with alcohol added. Benzol, as you doubtless know, is a by-product of coal distillation. It was produced on a large scale incidentally to the distillation of coal or toluol during the war?the toluol being required for the manufacture of high explosives? and since then the output of benzo: has been continued. "In Brazil trials have been made rtnnta inint* a lr>nV>r>l kcr JL IIUAIUIUO VVilfcMAUiUQ v%.vw.v., .... osene, sulphuric acid and even castor oil; but they have not been successful. Official reports on results obtained acknowledge, first, fewer miles to the gallon; second,- diminished poWer, with consequent difficulty cn steep grades or with heavy loads; third, trouble in starting the motor in the morning after several hours idlep; ness; and, fourth, dissolvent effect on tanks, pipes, etc., with consequentj&I^Y . - clogg****' nf th" carburetor. 'grade fuel with a hi^-he - boiling po:. ~ ef " r.erh. oven keroser.t. though in cr Poer XO accompxisn IXlC^C W C iHUOw YT Vi ^ w -outf the problem of engine construction on new lines." PREDICTS AfT EARLY RETURN TO PROSPERITY. &' ' By far, the most notable business change in the Metropolitan financia? district during recent months is th< removal of the offices of the nationally known New York Stock and Cotton Exchange house of Springs & Company from the Cotton Exchange Building, its headquarters for a quar.ter of a century, to No. 67 Wall Street, situated in the very heart of the world's money center. The firm of Springs & Company has a remarkable business record. Established in 1897 as J. H. Parker <? Company, the name was changed in 1906 to the present style. The volume of commission business transacted has ever been on the increase until today it is one of the greatest and most reputable factors operating through the New York Stock and Cotton Exchanges. It is also a member of the New York Coffee & Sugar Exchange, of the New York Produce Exchange and of the Chicago Board of Trade. In addition, it has corres pondents in tne principal cities ui me United States and in not a few of the leading cities of the West Indies, Central and South America and Europe. The firm has one of the most important clienteles of any of its class in the country, a large number of whom are old customers. The members of Springs & Company take great pride in retaining these customers, however, it is said: "Once a customer of Springs & Company, always a customer." The service is reliable; not mechanical, but personal. It is pointed out.that of all the market predictions the firm has made, they have invariably materialized. To cite a recent example: When American Woolen stock was at its lowest and when nearly every brokerage house was inclined to be bearish, Springs & Company urged their customers, to purchase the security for investment. Quite a large number took advantage of the advice, and like in other numerous instances, they find that handsome profits have been realized. The members of the firm of Springs & Company have long been prominent !%. %' * ! in Eastern financial circles. Julian A. ' Accsta, the present head of the firm, | is acknowledged one of the leading brokers in the country and is a cotton j expert of note. He entered the em| ploy of the predecessor partnership, ; J. 11. Parker & Company, at about ! the time of its inception in 1S97. Mr. ' Acosta has served in every capacity of ! the brokerage business. Since 1909 he ; has been a member of Springs & I Company and for some time has b*?en ranking member and head of the firm. j He is a director of the Continental i bank of New York, j The personnel of Springs &. Comi pany and the predecessor partnership | has undergone little change in the past 23 years. Charles J. P.urke is now a ' partner, while Richard A. Springs is i .. . . a special partner. Commenting on the business out: look. Mr. Acosta said: I ; "We look for an early return of; prosperity and are very confident of I the future. The present upward i trend of business, in our opinion, will i S continue. The basis for this expec-i ! tation is not that business must im- | j prove because it has been bad. ! > I | Rather, an analysis of the fundameni j ; tal economic situation?a strong se! curity market, low money rates, higher ! , ? I prices for raw materials, increasing { j of wholesale prices gradually pre-1 i dominating over decreases, improve| ment in the railroad situation?reveals j powerful forces making for business ' expansion. ! ''The increase in the volume of manufacturing in the first quarter j shows clearly the result of these conditions in forcing greater production. even when that effect was least expected. Textile mills are increasing : their outputs. Cotton is in good de-j Xo. S133. REPORT OF THi PALMETTO NA ; at Columbia, in the state of South Caro | 1922. RESOU Loans and discounts, including rediscoui j ances of other banks, and fore^n 1 j change or drafts sold with indorsem j bank (except those shown below) .. : Loans and discounts War Finance Con | Customers' liability account of accepta; ! bank imrchased or discounted by it i Total loans j U. S. Government securities owned: Deposited to secure circulation (U. par value) j All other United States Government sei Total . (Other bonds, secretin, etc... . . hoU?e. and rylures ,il r!n Ijjgjaount due from state banks, banker, Sl^compames In the United States <oth I UUUCU auuvc; Exchanges for,clearing house Totals of items above .. .. .. $ 1 | Checks and drafts on banks (includin Reserve Bank) located outside of ci I of reporting bank j Miscellenous cash items , Redemption fund with U. S. Treasur i from U. S. Treasurer i Total LIABIL i Capital stock paid in 1 Surplus fund j Undivided profits J Less current expenses, interest and J Circulating notes outstanding I Amount due to federal reserve bank j credits) ./ i Amount due to national banks j Amount due to state banks, bankers, 1 companies in the United States am j countries (other than included in ite j Certified checks outstanding j Cashier's checks on own bank outstar Total of items ?obve $1 'Demand deposits Mother than bank subject to reserve (deposits payabh ! days): j Individual deposits subject to check . j Certificates of deposit due in less thai | (other than for money borrowed) . j Dividends unpaid, Total of demand deposits (other deposits) subject to reserve $2 : Time deposits subject to reserve (paya i days or subject to 30 days or moer | postal savings): i Certificates of deposit (other than for rowed) J Other time deposits Postal savings deposits Total of time deposits subject itema above $3 United States deposits (other than ] ings), including war loan deposit a deno<iits of United States disbursing United States government securities be Bills payable (including all obligations money borrowed other than redsc< i Finance Corporation Notes and bills rediscounted, including of other banks and foreign bills of c drafts sold with indorsement of thi Acceptances executed by this bank foi 1 and to furnish dollar exchange .. . Less acceptances of this bank purcha counted Total State of South Carolina, County of Flic I, W. M. Gibbes, Jr., Cashier of the that the above statement is true tor th< Subscribed and sworn to before me Correct?at test: JOHN JACOB SE13ELS, i. M. MAULDIN, WIJ.IE JONES, Directors. . V mand and we looi- for .higher prices in this commodity on a? -nuni of the backwardness of the season, depletion j of stocks and the due* ion .n acreage in some district. "Cotton is a biggei met- in the : business of the Un r- J Stair, than ir i j is generally suppos ' to be. In fact, this country corrtro ' n market of the world fv. ... ? ces the greatest amount* ar.d it has t.uality. While India product much < tton, it is of very poor quality. Th. British have made strenuous ;-fforts South Africa to increase < atou production i i with the view of be( enii^iiiUpendent of the United St . but thout any degree of success. Egypt, Cen, tral and South America are minoi factors in cotton production ." By way of parenthesis. 1: is noteworthy that in 1910 Springs & Company handled 125,000 tales of oiton | of which 30,000 bales were sold :n the ' South, the balance finding its v ;/ to i France, England, Germany, and nrher parts of Europe." I Continuing, Mr. Acosta raid: """<*?? ?e for a risO. f rent OUjijUl ItJ u\*v ? prices are lower than th ;so. Li in.-, . ill obtain later on in the year, * On;.- <;orrespondents in Cuba. Port? Rico, -nd Central America are sendrtfg in reports that will have a tendency to reate a bullish market. "In l'act, we are bullish ail around. We have been urging our uustcrm-rs to buy for the last seven months?many have bought and they certainly hcoe made money. Of course, we &r . ]y bullish when conditions warrant optimism?and conditions atthis time warrant the belief that v-e are-on ':ej eve of a period of higher prices and general prosperity." Mr. Acosta concluded oy saying he ... .-.naes* Reserve Dist i iet No. 5. ) CONDITION OF TIONAL BANK f lina, at the close of business oh :>, V RCES. nts, acceptDills of exent of this if $7,476,863.67 % Doration .. 138,095.40 ices of this ^7 12,500.00 r _ JM..... . j $ <.t>Z/XAT'. W S. bonds $1,000,000.00 curities ... 363,700.00 , . . * l-:- ^ 3 and h use A i er than in 4S3,8C0.26j 3G4.CG6*.42 j ,377,535.27 g Federal ity or town $ 4,724.07 86,147.21 . C/ a t 71 _ 2 8 ' er and due ! 50,000.00; ......... $11,66^,214.73 i JTIES. / i . $ 1,000.000.00 I 2 ;C OQO.t'O 278,446.75 taxes paid.. 190,443.80 r? S 8.0 02.9 1 1,000,COu. 00 ; (deferred 132,119.79 i 6 j 52 v> 1 .-14 and trust 1 foreign ms above) 834,331.31 9,791. v2 iding .... 91.12*'. 15 ,742,634.07 deposits) i within 30 2,61? j ,t/03. iZ i 30 days 10,000. oil * * '' * * than bank !,701,084.15 ble after 30 notice and money bor 213 7 o . v 3,6->.37 C.'fi j.S to reserve, :,842,939.32 oostal sav.ccount and offcers ... 17 -i." 2 ..?3 irrowed ... 4 0. ?j 0 0.! 1 u representng Dunts) War 2:1 acceptances exchange or s bank ... 6C';.'7. . r customers .$12,250.00 sed or dis 1 I'O.vJ $11,665.1:4 . 7 hland, ss.: above named bank, do solemn:: a ^ b best of my knowledge and b' W. M. GIBBES, JR Ca. b.. . this 8th day of May, 1922. MARIAN CLAR: - r Notary P \V: { has reason to believe the Genoa Conference will result in the gradual improvement of European economc conditions. One thing he made very I clear and that is the United States is on the very brink of prosperity.? Commercial and Financial World (N. I Y'} A Choice of Evils. George: Why are you goin' homeso soon? Johnny: 'Cause I'm goin' to get a | spankin' when I get there, j George: Why are you so anxious to get it? Johnny: Well, if I go home now, ma will spank me, but if 1 stay any longer pa will be home and then he'll do it. CITATION NOTICE. State of South Carolina, County of Lexington?By W. F. Hook, es{ quire, probate judge. j Whereas, D. J. King made suit to | mo, to grant him Letters of AdminisI trarinn nf fhp Estate of and effects of j Eugenia King. J These are Therefore to cite and auj monish all and singular the kindred l and Creditors of the said Eugenia ! King deceased, that they he and appear, before me, in the Court of Probate, to be held at Lexington, C. H., i S. C., on 3 2th day May, 1922. next. J after publication hereof at 11 o'clock in the forenoon, to show cause, if any they have, why the said Administration should not be granted. Given under my Hand, this 2Sth day j of April, Anno Domini 1922. j W. F. HOOK (L. S.) j Probate Judge Lexington County, S. C. Published on the 3d day of May, 1922, in the Lexington paper, 2 weeks. NOTICE TO CONTRACTORS. Sealed bids will be received up to Friday noon, May 12th, for the erection of a brick school building at Gaston in the County of Lexington, at the office of the County Superintendent of Education, Lexington, S. C. Bids are asked for design TB, Clemson Bulletin, which is a building with an auditorium and three class rooms, brick and brick veneering, als'o for design U, Clemson Bulletin, which is a four room building with auditorium, of the same construction as design TB. The Board of Trustees ask for Kiflci nn hnth nf theqp>. designs for the i're^vrL thai ?h lint..?:; intendefti. Kach bidder will be required to give a certified check for f $50.00 to show that he is in good faith. The Board of Trustees reserve the right to reject^all bids. Successful bidder will be required to give a nominal bond for faithful performance of contract. M. L. POUND, j Chairman of Board of Trustees Gaston School District No. 76, Lex, ington County. 2w-c SHOES! | j THE KIND THAT WEARS EASY AND LONGEST. i | We are^ always prepared to serve | our Lexington friends from a large ; stock of dependable Shoes for every ! kind of wear, in all leathers and sizes. ' The "Family Shoe Store of Colum: oia." |E. P. & F. A. DAVIS j Farmers' Medium and Heavy Work Shoes a Specialty. I PROFESSIONAL CARDS : > i | MOVED ! from 1615 Main St., to 1423 ; Main St. DR. CLARK, Chiropodist. * cn A irvrcrc i * riv/iiiiv Real Estate and Insurance BATESBURG. S. C. B. J. WINGARD ATTORNEY AT LAW No. 12 Clark Law Building Law Range Telephone 111 COLUMBIA. S .C. i , H I "Everything Good To Eat" j AT THE Sanitary Cafe | 1345 Main Street, Columbia, S. C. I pome Cooking and Reasonable Prices, "Little Different" from the others Quick, Polite and attentive service. Open Day and Night. Are You Working With a Purpose Work of any sort is pure drudgery if it means merely earning your existence. But with a purpose back of it you are working { for a reward and it lightens your tasks and makes work a real pleasure. Plave a purpose in life! Make your life -a success! Start by building up a savings account in this institution. It will furnish you with the means to attain your object. A comforTabip home, independence, wealth?they all come within your reach if you persistently save. Same rate cf interest (4 per cent.) paid on both large and email , V accounts. THE OLD RELIABLE TLa \Ta4>?a4?a1 Dnnlr a! ^nliimkiA i lie laiuiiua nauunai uaiiii ui uuiumuia i i W. A. Clark, President. Jno. D. Bell, Asst. Cashier. I I T. S. Bryan, V. President. Jos. M. Bell, Cashier. I ' J I f The Average Man H f V Does not realize all that a Bank means to a community. It is a friend?end then some. . A Real Bank | Is a financial institution that functions for the welfare of the community it serves. It has machinery at hand for the solving of all the financial problems of its clientele. I n . f T:m . , t> a * f , 5 f - 5 Isf* tS'ls S ibst ii'. ;"maaer .now sp-v?>e .a your.. loea or hfe. prxebvear xt;f^ fnay he. u you have not S4VED 2o\r>ceiling youx idea will not bring you the reward it deserves. It it be car- ^ ; ried out, the man who has saved and whose money is behind your idea, is the one who will profit most. Let Us Help You Save The Home National Bank Lexington, S. C. Capital, $50,000.00 Deposits, $600,000.00 Member of Federal Reserve Association j Corn Seed?All Varities Cotton Seed King's Improved Extra Early Cotton Seed from originator. \ Cow Peas and o n ooy Deans We sell the best seeds that grow?Rape, Grass Seeds, | Velvet Beans, Lespedeza, Sorghum Seeds, Pearl Millet, Amber Cane, Watermelon, Cantaloupe and Etc. GARDEN SEEDS?FLOWER SEEDS. Specially selected to suit our climate. I *10 1 I__ _ LoricK & Lowrance, inc. Columbia, S. C.