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The News
VOLUME XXIX
GLASS RENEWS
HISAnACK
Virginia Senator Decries Use of
Federal Funds for Stock Spec
ulation. Mitchell To Fore.
Washin^on, April 7.—Relations of
the federal reserve board to the tre
mendous money transactions involved
in the stock exchanges were the sub
ject of conflicting statements today at
the capitol at the same time the ques
tion was studied at the treasury where
the board is housed.
Members of the reserve board were
in session throughout the day, while
the governors of the 12 banks held
forth also in their semi-annual con
ference. There were not announce
ments of the discussions.
But up at the capitol Senator Glass
(Democrat) of Virginia, one pf thP
framers of the federal reserye act, let
..Jafini&3soth»r 'Of:
federal reserve facilities for stock ma
nipulation and upon Charles E. Mitch
ell, president of the National City
bank and a Class A director in the re-
ser\’e system, for making $25,000,000
available to the market recently.
Earlier in the day. Representative
Fish (Republican) of New York, had
issued a statement declaring a pre
vious demand by Senator Glass for
the resignation of Mitchell from the
reserve system was “unwarranted.” In
reply. Senator Glass discussed the
federal reserve "act and some ppints
recently by Robert Owens, former
Democratic senator from Oklahoma,
who has taken a contrary position to
Glass.
“I unhesitatingly declare,” Glass re
iterated today, “that the use of the
federal reserve facilities for stock
speculation' is textually in violation
of the law and that Mr. Mitchell, hav
ing aided and abetted upon such vio
lation of the law and having flouted
the authority of the federal reserve
board, should be properly disciplined.”
Mr. Glass made it clear today also
that he believed further legislation
necessary to insure the reserve board’s
control .over money likely to find its
way into speculation. If there is any
opportunity for consideration of such
legislation at the forthcoming extra
session, he said, he would seek to
draft the measure he has in mind and
which has not been disclosed by him.
While Senator King (Democrat) of
Utah, is prepared to ask for an in
vestigation of the credit situation by
the senate banking committee, leaders
• of the banking committee, including
Chairman Norbeck and Senator
Fletcher of Florida, the ranking Dem
ocrat, are inclined to await further de
velopments before sanctioning that
step.
Senator Fletcher is giving favorable
consideration to a proposal for amend
ment of the stock transfer law aimed
to prohibit “margin” transactions in
stocks. R. O. Brooks of New York,
who describes himself as a^nsulting
analyst, has made the proposal calling
for a tax of such proportions on prof
its made on “margin” deals that .most
of such income W’ould go to the'gov-
rn temn . e e’iou mfwyp mh mhh
ernment.
In his statement. Representative
Fish declared the “spontaneous action
of Mr. Mitchell helped to save the
market from a panic that would have
seriously affected business generally
and might have impaired the credit of
the federal reserve system.”
“The quick thinking and acting on
the part of Mr. Mitchell shauld have
been commended instead of condemned
by the author of the federal reserve
bill. I am positive that the members
of the federal reserve board did not
want to be the cause of a panic and
should be thankful to Mr. Mitchell for
supporting the market with $25,000,-
000 of his bank’s funds when a seri
ous crash was almost inevitable.
“Senator Glass may have been one
of the authors of the federal reserve
bill, but he is not now responsible for
its operation and it might be just as
well fbf^him to remember that there
are larger financial transactions in
New York in one week than there are
in the entire state of Virginia in one
year; and that the banking business
of Wall Street is just as honest and
(Continued on Page Four) ^
CLINTON, S. C., THUESDAYt APRIL 4,1929
CO-OPS T® HOLD
ESSAY CONTEST
Boys and Girls of the State Are Eli
gible for Competition. Prizes
Very Desirable.
DEATH FOLLOWS
SHORT ILLNESS
D. Marshall Williams Passes At Home
Near Here. A Beloved and Es
teemed Otizen.
Commander Joel T. Boone of Penn
sylvania, medical officer of the presi
dent’s yacht, Mayflower, has been ap
pointed special physician to President
Hoover.
LAURENS TO
An essay contest carrying .highly
desirable awards and open to any boy
or girl in the cotton-producing states,
has been announced by the South
Carolina Cotton Growers Co-operative
association of Columbia.
The themes, to be based upon “co
operative organizing, standardizing,
and merchandizing,” must, be written
by June 1. Prizes to be awarded by
the American Cotton Growers ex
change, on a national basis, include an
educational trip to state winners, rep
resenting each member state associ
ation participating in the contest, five
cash awards ranging from $75 down
to $10 and beautiful solid gold medals
to each state winner who takes part in
the national contest. .
Awards tow
nmde by the state as-
TTirtyTy -aoeiation in^his stafe^ft^V
rlULLl EiLilliL/llUJN Yirst prize essay, $50.00.
D. Marshall Williams, well-known
and much beloved citizen of the Hope-
well section near hai%, died at hia
home last Wednesday after a week’s
illness. He was 57 years of age and
had many friends who mourn his un
timely death.
The funeral services were held
Thursday morning at Hopewell church,
of which Mr. Williams was a devoted
member. Interment followed in the
church cemetery. A large concourse of
friends and relatives gathered to pay
a last tribute to their departed loved
one, frieiid and neighbor, and many
beautiful floral tributes attested the
love and admiration in which he was
held as an upright man and devout
Christian.
Mr. Williams was a son of the late
iSEO^la
Voters To Decide Two Issues of $30,-
000 for New City Hall and $40,-
000 for Street Improvements.
Laurens, April 1.—City council has
ordered a special election on the ques
tion of voting bonds for municipal im
provement. The election is set for
Wednesday, May 8. This action by
council was taken Monday night in
conformity to petitions representing
a majority of the freeholders of the
city requesting the bond election,
which had been proj>osed and approv
ed by city council and the Laurens
Business league.
Two bond issues are involved in the
election. One for $30,000 is for the
erection of a new city hall building,
and the other, in the amount of $40,-
000, will be used in paying some in
debtedness for street improvement
and for the further permanent im
provement of the city’s thoroughfares.
Tentative plans for the proposed
municipal building call for a two-story
brick structure with ample provision
for official offices, fire department
quarters, community hall and public
library. The present building ils'to be
razed and the new office building
Second prize essay, $25.00.
Third prize essay, $15.00.
The winners of the three district
contests will go to the state fair in
Columbia to compete for three state
prizes.
First prize essay, $25.00.
Second prize essay, $15.00.
Third prize essay, $10.00.
District contests will be held at
central points in the three districts
into which the state is divided by the
Clemson College ‘ agricultural exten
sion service. No district prizes will be
awarded unless at least five county
contests are held.
County Prizes
In each county there will be offered
first, second and third prizes to be
competed for by the winners of the
school contests. No county prizes will
be awarded unless at least five schools
pi*esent their winners for the county
contest. To enter the county contest a
school must have at least five con
testants.
Attractive medals will be given to
the winners in all the contests within
the state.
Rules of Contest
1. Who may compete: Any boy or
girl residing in the cotton-prodqcing
survived by six children. His wife, who
was Miss Alice Boyd, proceeded him
to the grave fifteen years ’ a^. The
sons and daughters are: Mrs. H. B.
Collins of Wingate, N. ?f.. Miss Sarah
Williams, one of the Laurens county
teachers. Miss Frances Williams of
Wingate college. North Carolina,
James B. Williams of this place,
Charles Williams of Columbia, and
W. D. Williams of Hickory, N. C. Also
the following brothers and sisters:
D. A, Williams of this place, Henry
Williams of Greenwood, J. C. Williams
of Lakeland ,Fla., H. P.. Williams of
Hickory, N. C., Mrs. W. P. Davis of
Greenwood, Mrs: M. D. Corley and
Miss Nannie Williams of Columbia.
SPEAKERS FOR
SCHOOL CLOSING
This 13-year old school girl, Helen
Terwilliger, is becoming one of the
most famous girls in America. Listen-
Washington, March 31.—With th«
time at hand for the senate and hoiuft
agriculture committees to begin tha
actual drafting of the new farm re
lief bill, there remains little doubt
among leaders that the measure will
closely follow the broad principles laid
down in the Republican platform and
by Presi-dent Hoover in his campaign
speeches.
Their conviction is that the new bill
will propose a federal farm board with
powers broad enough to deal with all
phases of the agricultural problem
and to operate through commodity
councils to~be, set up for each crop in
ing in on the radio on inauguration need of attentibp*^ A revolving fund of
day.^he caught Chief Justice Taft’s ! $300,0004)00- oT: mora. would.he at the
Tmsqubliboard for 'ife'i^^fDairir
swore in Herbert Hoover as president.
Justice had said “preserve, maintain
and defend” rather than “preserve,
protect and defend,” and Taft jeplied
that the variation must be attributed
to the defect of an “old man’s mem
ory.”
to stabilization corporations which
Miss Terwilliger said that the-' Chief '^ould be set up on the recommenda-
CONTRACTS LET
FOR ROAD UP-KEEP
erected on the same site. It is prob
able that Laurena street wiR be wid-1 states, who is not over 21 years of
ened several feet in the rebuilding ^d who has not had more than
program, for it is reegonized that this
street is too narrow for the traffic
importance of this thoroughfare.
A handsome municipal building to
take the place of the present struc
ture is proposed and the city’s pride
in progress will be a strong appeal in
behalf of the imperatively needed im-
a high school education.
2. When the essays must be writ
ten: Between March 1st and June 1st,
1929, in the presence of the teacher,
county superintendent, county agent
or home demonstration agent. •.
3. Subject shall be: “Co-operative
Organizing, Standardizing and Mer-
provement. And the same can be said | chandizing.”
as to permanent street work, for
which city council has financed
through the borrowing of consider
able amounts. This indebtedness can
best be handled by an issue of bonds.
Then more money is needed to carry
on the street ira-provement program
which has been in progress for- sev
eral months.
“CO-OP” HEAD
TO SPEAK HERE
4. Each essay shall not be more
than two thousand words in length.
5. Not more than three hours shall
be allowed for actual writing of the
essay.
6. Each essay must be written in
ink and on one side of the paper only.
7. Contestants shall have access to
no material other than pen, ink^ and
paper during the three-hour period
which may be devoted to the actual
' writing of the essay,
j 8. The following items should ap
pear on the upper left-hand corner of
the first page of the essay:
a. Name and age of contestant.
b. Town (Post Office).
c. County.
d. Name of school.
e. Grade in school.
f. Name of person under whom es-
Rev. R. S. Boyd and J. B. Johnston
On Commenecement Program
At Thornwell Orphanage.
. The commencement exercises of the
Thornwell orphanage schools will be
gin on Sunday, June 9th, and already
plans are under way at the institu
tion for its closing program. .
To deliver the baccalaureate ser
mon on Sunday morning, June 9th,
! the Rev. Robert S. Boyd, D. D., has
i been secured. Dr. Boyd is pastor o^
! the First Presbyterian church of Co^
j lumbus, Ga., and it will be his first |
I visit-4o Clinton. j
! The commencement address before j
• the graduating class will be delivered 1
on Tuesday morning, -June 11th, by!
J. B, Johnston of Barium Springs, N. j
C. MV. Johnston is superintendent of j
j the Barium Springs oi-phanage and is [
^ well known in the circle of orphanage ,
1 workers. Other announcements per- /
itaining to commencement week at!
Thornwell, will be made later. i
Top Soil'Roads In County System To
Be Maintained Under Same
Plan As Last Year.
With the exception of the Yarbor
ough Mill road, which has been placed
in the state highway system of main
tenance, top soil roads in the county
this year will be maintained under the
same plan as last year and by the
same contractors with a few added to
the list. It was stated by the Board of
County Commissioners this week that
the plan worked well enough last year
to justify the continuance of the con
tracts for this year.
Under the plan the contractors fur
nish the power, either mules or trac
tors, and the county supplies graders.
tions of the commodity councils and
the purpose of which would be to
regulate the surplus so as to maintain
comparatively steady price levels in
the domestic markets.
The main work of the committees
seems to be choosing among several
proposals regaj’i^ng the scope of the
farm board’s power. Some desire that
the board should be authorized to in
itiate action to remedy situations it
may foresee in any commodity with
out awaiting the call of the growers
and marketing agencies for aid. (Hh-
ers would have the board act only up
on appeal by the interests affected
when a crop shows evidence of price
decline through an excessive surplus.
The amount of the revolving fund
also is a matter yet to be decided up
on. Those who favor a fund in excess
of $300,000,000 have, argued that the
money placed in the hands of the
stabilization corporations ultimately
would be lost and some, including Sen
ator Brookhart, Republican, Iowa,
have sought as much as $1,500,000,000.
Many others believe that the smaller
figure would be adequate because the
stabilization corporations would buy
drags and tools, the work being done
under the direction of the county | 'JP surpluses on a falling market and
board. ^ , _i,
A few short stretches that received
a top soil working last year have been
dispose of them gradually as the pric
es recovered.
One other problem which the com
added to these systems but ^ the'must decide is whether there
main the divisions will remain prac
tically the same.
shall be specific authority to deal in
some way with the problem of produc
Academy School
Faculty Named
Following are the contractors and'^'^^' ^®uy farm leaders,contend that
the roads new in the county top soil' attempt by the government to
system: |curtail production would be uncons.i-
• Joe R. Adair—Laurens by Senatorbelieve
jGoodwin’s to the Pitts place. 10 miles;'^ program of education coupled
Clinton to Sandy Sprnigs, 7 miles. i® patriotic appeal to individual
Robert Ha‘rris - Gray Court to' would go a long w:^y to curb
Woodruff bridge, 7 1-2 miles; Harris planting of a crop in which a sur-
store by Bramlette church to W. P. I threaten-
Little’s 4 1-2 mlies. 1
ed.
R. G. Woods—Gray Court to Eden, ^
rniies; Green Pond to Mt. Carmel, 4 COUNTY CONTESTS
Alfred Scarborough of-Uotton Grow
ers’ Association, To Addr^s Com
merce Body Next Tuesday.
Alfred Scarborough, general man
ager of the South Carolina Cotton
Growers’ association, will be the prin
cipal speaker at the regular meeting | say was written,
of the Chamber of Commerce to be g. Name of contestant must appear
held next Tuesday evening at 7:30 p. on each sheet.
m. j 9. No winner of state first prize for
Mr. Scarborough is one of the lead- j any previous year’ is eligible to enter
ing young business men of the state, 1 this contest,
a forceful speaker well versed in all
matters pertaining to agriculture and
its problems. In addition to being head
of the Cotton Co-operative association,
h? is a practical farmer with exten
sive farming interests at Eastover,
Well-Known Farmer
Dies Suddenly
James L. Milam, well-known citizen
near Columbia. He is also a director' of the Holly Grove section, was found
of the Carolinas Joint Stock Land | dead in his bed at his home near here
Bank, j on last Thursday morning. He had
Mr. Scarborough has been a close ! been in declining health for seme time
student of agriculture for a number j but no change for the worse had been
of years and his address will be a' noted. His sudden passing brought
summing up of his varied experience j sorrow to many who knew and es-
in producing, marketing and financing teemed him
■The faculty of Academy Street
school for the coming year, has been
announced by the board of trustees,
as follows:
Miss Aline Newsom, principal. Miss
Lilly Yarborough, Mrs. John W. Lit
tle, Mrs. L. B, Dillard. Miss Lucy
Burns, Miss Ruby Carter, Miss Col
lette Griffin, Miss Martha Davidson,
Mrs. Hugh B! Workman, Mrs. Teague
Harris.
Two changes are made in the teach
ing staff over the present year. Miss
Ruby Carter and Miss Lucy Burns.
Miss Carter is a daughter of Mr. and
Mrs. J. P, Carter of this city, and an
A. B. graduate of the University of
South Carolina. She has been teach
ing this year in the Walterboro
schools. Miss Burns is from Sumter
and a graduate of Winthrop college.
For the past four years she has been
a member of the Gray Court-Owings
schcai faculty.
tntlest Reeves store to Greenville line, j
5 mlies.
HERE TOMORROW
J. W. Tumblin—Hickory Tavern te , j r- u i? , i .i. a**
Ue Meares, 7 miles; Eden to Cowan
bridge, 4 miles; Deck place to Cowan
bridge, 3 miles.
J. P. Madden and S, E. Williams—
Boyd’s Mill road from Zion church to
noon and Speaking in the Evening
Features of Annual Affair.
The annual County Track and Field
day will be held here tomorrow, begin-
J in 1 o •, Twi. iriirig at 2:30 o’clock, with the contests
Beeks cross roads, 10 ,1-2 mi es; Ekom ', i- i t u .r- u ah
- . n Tiu-iV a ; taking place on Johnson field. All
road from A. C. Phillips to Big Pop-, u i • tu * a j a
lar 5 12 miles * * schools in the county are expected to
be ten events entered
R- °au Z K’Hs, and prizes for the winners
4 ^m lcs^ od(i s Quarter, ^jjj priven by the Laurens mer-
. chants. Fourteen events are scheduled
, ■ Olive section to boys, with the prizes being fur-
Ware Shoals, 7 miles.
'nished by Clinton merchants.
L D. H^inna-Cross Hill to Belfast,; At 8;bo o’clock In the orphanage
TYIMOC* I »*r\oo Mill tstf ... - > -
9 rniies; Cross Hlil by Harris Springs' gbapcl. 'the reading and declamation I
tc Waterloo, 6 miles
contests for high school students will
George S. Wham-Mountviile to M.' be held. Miss Medora Browning and
M. Teague place, 2 miles
Johri Pluss Dunlap—(’alhoun high
way to Lisbon school house, i miles.
iiothwell Graham are to represent
Clinton at this time.
At the same hour in the First Bap-
Jno. W. Little Back
From Hospital
E. F. Cogg.ns Lisbon school hou 'e tist church, the reading and deelama-
p-ojppp^^ 4 niiles. ^ contest for elementary students
Raniage —- John Ferguson will be held. The local representatives
for this event are Florence Carter and
Whitten Heads
Country Club
A meeting of the stockholders of
the Hillside Corporation, new owners
of the Bois Terre club property be
tween Clinton and Laurens, was held
during the past week when tentative
plans for perfecting the organisation
^ resulted in the election of the follow
ing officers: Dr. B. 0. Whitten of this
city, president; Chas. F. Fleming of
Laurens, vice-president; W. I^. Ja
cobs of this place, secretary. Menti-
bers of the newly elected board of di-
.rectors, in addition to the executive
_ officers, ar%: A. C. Todd, R. R.
' Nickelr, R. V. Irby of Laurens, W. A.
Mopgheiul of Goldville, and C. M. Bai
ley of this city.,-
farm products. As farm relief soon
to be taken up at a special session of
congress seems to be centered on aid
ing co-operative associations, his dis
cussion of this subject will be of in
terest to all business men and farm
ers of this section.
The funeral service was held Fri
day from Holly Grove church between
here and Laurens, with Rev. Edward
Long of this city, officiating.
The deceased is survived by his
widow and three sons, J, Ferrell Mi
lam, Parrott Milam and Edward Mi
At number of representative farm- brother, Gus Milam,
of Newberry.
ers of the community have been invit
ed to be the guests of the Chamber
of Commerce on next Tuesday even
ing to hear Mr. Scarborough.
MOUNTVILLE GIRL HONORED
SCHOOL CHILDREN DO
INTERESTING WORK
Miss Hattie TWay Dunlap of Mount-
ville, hps been appointed personal
page for the registrar general of the
D. A, R, continental congress which
meets in Washington this month. She
will attend the reception at the White
Houser and other social events given
during the w^k. Miss Dunlap is a
daughter of Mrs. Annie H. Dunlap.
During the month of March the
children of the third grades of the
Clinton public schools worked out a
project on Holland which was oa ex
hibit at the State Teachers’ meeting
in Columbia. Those who are interested
in this will Find it displayed in one of
the windows of B. L. King & Son. The
children are grateful to Mr. King for
the use of his window and take this
opportunity to express to the firm
their appreciation.
Friends in the city ol Jonn W. L't-
tle, were delighted ’asr Tlinrsday j
evening by his arrival “back home”!
after an absence for the past nine- j
teen months in an Asheville sanatari-
um. Mr. Little has completely recov
ered from his illness and is looking so
well that it was hard for some to rec
ognize him. He is feeling line, he
states, and is happy to get back home:
His friends likewise, are delight'id to
see him and are most cordially re
ceiving I'im.
to New Prospect, 4 miles.
A. A
place to M:lton, 6 miles.
Geo. T. Brown—Goldville hy BjnJ’s Paul Whitlock.
cross roads to Newberry line, 8 miles;
Goldville to Reeder Workman’s, 4
ipiles; I. M. Smith’s by iReeder Work
man’s to Duck Young’s, 7 miles.
Laurens Merchants
To Give Prizes
Carryteria Moves
To New Location
Clerk Makes Sales
In Four Cases
In the girls athletic contests to be
i
The Carryteria, headed by W. E.
Neighbors as owner, has movedifrom
its former location into the store
room adjoining Young’s Pharmacy.
The moving job has been ,,completed
within the past week. Mr. Neighbors
in his new location is better prepared
than ever before to serve the public,
carrying one of the largest stocks of
heavy and fancy groceries in the city.
Clerk of Court Thos. W. Bennett
.sold the following land under court
orders Monday morning:
Federal Land Bank vs Hugh H.
Fuller, et al, 257 acres near Cross
Hill; sold to Phil D. Huff, atto’*ney,
for $5,500.
Bank of Gray Court vs M. B. Ab
rams, et al, 134 acres near Barksdale
3taHon; sold to R. E. Babb, attorney,
for $500.,
W. J. Bailey as surviving partner
in the firm of M. S. Bailey & Son,
Bankers, vs Janie Maude Hill and
James T. Hill, 220 acres in Hunter
township; sold to F. P. McGowan, at
torney, fo^ $125.
V. M. Babb vs C. L. Abercrombie,
127 acres in Dials township; sold to
R. E. Babb, attorney, for j^,000.
' held here Friday, the following Lau
rens merchants will award the prizes:
; 50-yard dash, Powe Drug Co., $2.00.
I Basketball throw, Miinter Co., $2.00.
Running high jump. Little Hat Shop,
$2.00.
Discus throw, J. C. Burns Co., $2.00.
60-yard hurdles, R. E. Thompson,
$2.00.
Baseball throw. The Cohen Co.,
' $2.00.
Running broad jump, Wells Clardy
Co., $2.00.
i 75-yard dash. Thornton’s, $2.00.
j Shot put, Balle’s Dept. Store,
I Relay race: Putnam’s Drug Store,
j$1.00 each for first and second; Lau
rens Drug Co., $1.00 each for third
and fourth.
Mrs. E. G. Fuller and Mrs. Glenn
Fuller, were visitors in Greenville ou
Tuesday#
t
I