Historical Newspapers of South Carolina

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>■ Vj 1 ••••••••••••••••••••••••••••••••• If Ton Don’t Read ^ • THE CHRONICLE Ton D<m’t Get 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