The Lancaster news. (Lancaster, S.C.) 1905-current, May 30, 1916, Image 3
THE USE OF MONEY,
FINANCIAL TR
(Hy J. H. Craig, Examiner Public
Accounts State of Alabama.)
Most people if asked, "What Financial
Training did you have as a
child?" would in all probability say,
"None," and if asked, "What Financial
Training are you giving your
own ehlldreji?" many parents would)
no doubt give the same answer, I
The teacher, if asked the same
question, would usually say som<thing
about arithmetic or perhaps refer
to some system of money saving
as advertised by their local oank,
but never mentioned in the set not
room.
The need for financial training is
increasing as civilization progresses
and we believe should become a part
of our school system. This training
should follow the child both at home
and throughout his educational career
if he is to be fitted in this respect
to meet and cope with the new
financial condition which will confront
America at the close of the
war and the Influx of foreign immigration
to this country that will
naturally follow.
Parents have always had more or
less trouble in the financial training
of their children and the problem
has grown more acute in our country
with the development of the new
conditions thrust so suddenly upon
us that it is imperative for the welfare
of the community, as well as,
the family, that there be some in-'
GROUP SIX BANKEI
VENTION
(Continued from Page 1)
farming along any other line. You
bankers, if you want to, can within
A twelve months time put in your community
ten times the hogs you now
hflVA V nit hon wle?V*
v-.., .. J./U ".mi. ? li II III
one years time put in your community
twice the number of cattle you
have. You can. if you want to, within
one years time make your community
a seller of hay and feed stuff
rather than a buyer. All you have
to do is to map out some organized
plan and forever and eternally work
to that end.
Personal Experience
Twenty-flve years ago Mr. W. J.
Rioddey. whom you all know, brought
to Rock Hill some alfalfa seed and
distributed this seed to twenty-five
different farmers. He gave to each
one of these farmers a sufficient
amount of seed to plant one-half
acre of land. The result of this little
undertaking is that we to-day
have hundreds of acres of well- sodded
alfalfa in the community surrounding
Rock Hill. To-day we are
sellers of fegfl stuff. One of our farmers
sold last year $<>,000 worth of
alfalfa hay, and numbers of our
other farmers sold large quantities
of all kinds of hay. and for the first
time in our history we shipped out
several car loads of oats. I remember
when we commenced to talk and
write articles for the newspapers
about using three drill planters to
plant oats between the cotton rows
that I went to one of our hardware
dealers and told him he had hotter
get some of these drills. He laughed
at me and told me that he wasn't
going to allow me to fool hini into
loading up on something that
couldn't be sold. It wasn't long after
that until he was ordering them
by wire. Now the majority of our
oats and rye are planted by that plan.
Two years ago we commenced to
nllr . ? J
...... Lie I RBiim ( IM/Kn, null UIIBIHI I >
purchase for .anyone in our community
a thoroughbred Berkshire hop.
regardless as to whether the party
did business with us or not. or as to
* whether ho was financially coon or
not. We made a general offer to
everyone, and took the hog as s, - I
curlty, the money to he paid ba'-k
In the fall. We talked . hogs and
ordered In hogs, and the result i?that
we have now in our community
ten times the number of hogs we nad
when the campaign was started
One year ngo we had shipped In t<?n
thoroughbred Hereford hulls from
Missouri, placing these in different
sections of our community, no charge
attached to them. I am dallv gettiilrK
reports of the appearance of
uBmbcrs of Hereford calves. This
undertaking so stimulated our people
along the lines of raising beef
_4 Rattle that there has been since that
plme numbers of heifers of the go-.d
grade beef type shipped in. We haw
Just recently had shipper! |n from
western North Carolina and Tcnn ssee
1R0 head of grade heifers. Within
three years time, unless w? arc
greatly mistakeen, we will be selling
* choice beef cattle raised in our community.
Almost every farmer locaLv
* ' ' I m , '/- i I *1
OR THE
A1N1NG OF CHILDREN
telligent plan systematically followed
in dealing with the child and the
youth in the relation to the earning
and spending of money and I know
of no better way to begin this much
needed but neglected training than
in our schools.
Money has a steadily growing importance
and we should study the
question from the earning side, from
social and moral point of view, ami
the opportunities this economical
training would give us, and if
America is to be the America which
we read about, it is high time that
we were awakening to the conditions
already mastered by other nations.
With us, the knowledge of
spending precedes that of earning
without regard of the cost.
This question and conditions, it
seems, would afford a splendid opportunity
for the saving banks to cooperate
with the children and the
schools in developing this training
and at the same time be a means of
profit to them in more ways than
one.
In conclusion let us aim to develop
in the oncoming generation
thrift, frugality and self-denial and
emphasize the habit of wise spending
which is of equal or even greater
Importance, which will make America
the leading financial nation of the
world to which she is justly entitled.
J. 11. CRAIG.
IS CON
GREAT SUCCESS
ted in and around Rock Hill is nowtalking
good grade beef cattle. This,
to my mind, is creating business?
utilizing our natural resources to
I make more business.
I feel that the state of South Carolina
could do nothing better than to
1 buy and distribute over the state,
j with the good farmers in the different
communities. 1,000 thoroughbred
bulls of the beef type. Th ?
[State is not going to do this, and I
lam afraid that any man who would
have the nerve to get up before our
| legislature and advocate any such
measure would be laughed at as being
visionary. Could anything be
done that would show a greater
profit to the state? I believe that
the bankers of the state thoroughly
realize the importance of improving
the breed of our cattle, and I believe
it is up to the bankers in each
community to invent some plan to
have this done. You can possibly
do it through private subscription
among your business houses. It won't
hurt you to do it yourself; but you
ought to make up your mind that
it must be done, and it will be done, j
I saw an article the other day from |
Mr. Gion of Camden, a breeder of
Herefords, which stated that a good
farmer always selected his seed, and
if he did not have good pure seed,
he bought them, and that the same
farmer would turn his cows in with
a scrub bull and never think anything
about the results he was bound
to get. If you want a mil'h cow or
| if you want a beef cow, make op
your mind in advance an ' breed for
i-. bet us make up our minds that
j we are going to induce our farmers
.to quit breeding for scrubs.
If you feel that you want a manufacturing
enterprise, don't spend
money advertising for it, build it. If
you will, for one moment, give this
question serious consideration, you
j will see how absurb it is to spend
your money for an enterprise to
come to your place. Let us assume
that you are going to leave the place
at which you are now living, and
have not made up your mind where
VA11 a 4 ...
.... * *. Mf you looKtng tor
a smaller place than (ho one In whioh
you are now living, a plaro (hat of
for? loss advantages, or are you look
ing for a larger place, a place the*
offers more advantages? What chanc
has an average town to get husine
In competition with a great nuirli"
of our larger towns that can off< more
inducements to the investor?0
If you really need an enterprise '
your town, get behind It and rai
the money. If you are not aide to
do that, you have not convinced *>>
people that you ren'ly need It. W> ?
htiilt the local enterprises you alrendv
have? Wasn't it done locally? Who
built the tlrst water power plant in
South Carolina? Ft was an And<-: >>
man at Anderson, S. C. The r me
man moved to Ttock Mill and commenced
the Catawba I'ower plant
which has developed into the Grott
Falls Company. Who built the great j
cotton mill of Lancaster? Tt was a}
Lancaster man. Who built the cot-'
ton mills of our whole section? It i
was our own people. So It Is with
the rest of our enterprises?our lo
THE LANCASTER NEWS
cal people d$?i it. If you expect to
have any more, you local people are;
going to have to keep doing it. Quit
looking away off yonder for some on"
to do something for you, he is not
going to do it and the sooner you
make up your mind to that fact, the'
better it will be for you.
There is another way for you to
increase the resources of your community.
If you knew of a party Iiv-1
ing in Charlotte, who had $1 no.one
he wanted to invest in city or farm
property, and you got in touch with |
this party and induced him to local"
and invest his money at your place,
you would naturally feel that you
had done a great good for your community.
you would have brought in
to It $100,000 of new money. Suitrose.
on the other hand, you induced
some insurance company or some
outside Investor to place through
you, to be loaned in the eommnnifv
$100,000 on city and farm lands,
have yon not done the same thin;,
as though you had Induced a party
living in another place to come to
your town and Invest this amount of
money? A Building & Loan Association
Is a capital thing for a town,1
and every town should have one. It,
Is also a good thing to have people!
in your community who will lend'
money on real estate, and while
these, to a certain extent, help build'
up your community, the amount of
good they do cannot be compared!
with the good that you will do if
will bring into your community
money that has not been there before.)
Tou may lend that $100,000 to a
hundred different people who will
use it for one hundred different purposes.
at the same time the money
has been brought in the community
and will increase the value of property
and lower the interest rates on
real estate just the same as though
it was all owned and invested by a
new comer. It will put $100,000 of
new money in circulation in your
community, a part of which you are
hound to get on deposit. We have
some money lenders in our town who
two years ago would not think of
lending money for less than 8 per
cent, and then would have nothing
hut the cream. To-day they are begging
for 7 per cent loans, and are
not near so particular ahout the class
of paper. Do you know what has
brought this change about? We induced
insurance companies to come
in and loan money on real estate.
We hankers, to my mind, have a
powerful influence with the people
of our communities. We should
bear this in mind and try and start
things going along constructive lines.
We must do constructive work. We
must stand always for the best in
the community. If you are really a
good banker and have your eves
open for business, you must knowthat
if your community grows, you
are certainly going to get your share
of the business. You should do
everything you can to push your
community forward. It is simply
wonderful the influence you have,
it is up to you to exert that influence
in the right way.
I believe that it is the banker's
duty to stamp with disapproval anv
enterprise that is of a speculative
nature that is trying to be fostered
in his community. On the other
hand, it is equally as important for
you to Ret behind and boost with all
your might any real good suggestion
that is made. You have heard a
number of people say that what the
community lacked to make it a success
was ideas, and they often go
out and try to hire a man to furnish
ideas. That is not what you want.
In every community you can always
find plenty of ideas. What you really
want is someone that will execute
the ideas that are presented. See
that the good ideas that are presented
for the benefit of the eommu
nitv are pushed along towards success,
use your influence in your
Chamber of Commerce or with vour
business men to see that this is done.
\ banker should have a gr-vC'r
aim in life than a mere matter >f
niaktnc '-1 * '
-> i*?i inn >ii?if\n?i ?
ers. Of course, your stockholders
are going to look to you to prodw
results, to make them an Income on
tholr investment and you should I ?
this, hut the man that simply grind
and works for the dollars In sight
and thinks nothing about doing constructive
work for his community imissed
very little when he is gone.
To my mind, the real banker should
keep ever before him the id'a
leaving some good work that is g- ing
to continue after he is gon .
working for the betterment of the
community. All of us have se 1
some wealthy citizens pass awav who
had really contributed very little to
the growth of his community and
who was missed mighty little after
he was gone. You have also aeon
people pass away who had done re.-l
constructive work, whose lives had
nn influence for good over the com
muntty in which thev were living,
and if you will take the trouble to
analyze the present conditions of
; may rw, i<m>.
that community, you will scr thn
influence is still having its effect.
Remember, we are all working
for one thing?happiness. We may
all have a different idea as to how ,
to get happiness. Some of us may
think that money will bring it, sonn
may think honor, but the man that ]
is doing real constructive work for s
his people will, to my mind, come
nearer getting happiness out of his
work than any other man out of any
other kind of work. ?
Mr. K. P. Grice. cashier, People's '
National Hank. Charleston, S. C.. ^
was the next speaker and his sub- >,
jeet, "Economic and Industrial Con- s
ditions," was full of sound and
forceful logic, and was listened to ,
with deep interest. Mr. Grice said g
in part: I
When your secretary sent me an '
invitation to address this Group, the j,
pleasure of being with you overcame | i,
ii * modesty, and I accepted: when t
h< suggested that I say something
ut "Conditions when the war was w
Over,"?I hesitated. What did I
know about the results? Then the t
thought came to me?a subject v
could be disregarded. Also, a sub- (]
Ject of which we know nothing was
open to the wildest conjecture. a
All sorts of prognostications j
are being made, and theories expounded
as to what will happen. (
Some of the arguments sound logl- f
cal, yet no one can tell what will be
the outcome. I imagine that first (
v:e must know who will be the victor
c
before any theory will have weight. ^
Let us start at the beginning. The
wisest of the wise predicted that in
a few months we would see tlie end.
Yet twenty-two months of the most
strenuous fighting, and no indication
of the end.?and some theorists surmise
that it has just begun. Of on?
tiling we can almost be certain,?a '
readjustment of world-wide scope. '
the extent of which do* ends on the
psychological condition of tho people.
;
The northern and western section
of this great country of ours are in
the throes of prosperity. The va?t
orders have all the machinery available,
working overtime; and the
products of the soil have brought
the producer good prices. The rail- (
road and transportation companies
are taxed to their utmost to move
the supplies. Now the problem is.
to what use can we put these increased
facilities, when the orders *
are filled and trade gets hack to normal.
The captains of industry will
i
then have their opportunity.
Another problem that faces us is
c
the wage rate. Owing to conditions,
the scale of wages has been increased
until the wage earner has cultivated
the luxury of living high. Will he \
he satisfied to come down to a lower
level??without a bump. Fortunate- J
lv for us of the south, such questions
will not agitate us seriously, for our
product?cotton?has been hammered
successfully, by the hears, and
the depression at the beginning of j
the war was fierce. Our senators
and congressmen did their durndest
to hold up the price, hut without [
success, which proves that values are
maintained only by the law of demand
and supply. The selling price 1
of cotton below the cost of produc- '
tion proved to the farmer that diver- '
siflcation of crops was absolutely
necessary. The planting for home 1
consumption of course decreases th '
volume of business in supply centers,
and reduces the circulation of monev.
but self-preservation is the first law.
and should not be ignored. .
Now. let us look a little at tlx
finances. The London Statist estimates
that by reason of rapid accumulation
and importation of capital
the wealth of the United States
doubles every twenty years. That
its productive power increases 100
per cent every ton years. That, if
th war is of long duration, this rapid
growth will i>e appreciably arrested
and check tlx- rate ?>f expan ion <
wealth, production, population.
T'x economic ootid tion which
n >. revealed completely d stroy
.1- in mil w ii-.cn nan o. iik run "lie 1
it; Kurope th:\t the economic -a rent-ft I
'' i i t i ! >i n : r 1
!. t the < > > tnnt inilir; of capital
i.. .i .i<!. \\ i ilc if is f rue for.
ign capita! >? in t.) tlm l".life.I Stat
i i eh r. Itil" rn f > of progress, f'
o. ' niic stn iiL'fh is <Hle to the
flia'ii'i?t of ti AiiitTii ;in people,
i t - . '. .hi * oily lis- , n i: 1??: .i 1 i
lot in- t;r. a est ! : . - t hat
r in fit M"l. tli 1'nii 1 Sta ti
. s fmvii -h.' v. orlil t'. i it ra i not
oniy .. "t ;? ; interest obligationhut
can repay capital borrowed.
Opinion* . to out mil \ary
from om- "\tr<in* of optiir.sm to
pi onounoed pessimism.. Some bc1
'int by tIn- end of ti ar tIn
11it".! Slates will have permanently
'.t re: gt honed its position as a creditor'nation.
and have a fair chance
o become the world's international
banker, that we shall be able permanently
to retain a large share of
lite South American and a considerablefchare
of the world's trade, which
mg^ iriiMi i * ?" i m n 1
,
S' + t + ttt + + + +
? LOCAL DOTS
i?
h + + + + *< + + ! > ! - !' !
In connection with "Baby Week
vhich will be held in this city Jun
I and 'J. each mother is required ti
apply a baby blanket and towel t'
used in the examination of lie
htld.
?o .
Two Lancaster boys, Mr. Klm<
?owe!I and Mr. Stanley Williamsoi
>f 1 .. ?- 1
<IH- lufuiocrs or til
raduating class at Cleinson College
lr. So well will next week finish th
gricultural course and Mr. William
on the course in civil engineering
Mr. M. Poliakoff left to-day fo
.ogusta, Ga., to be present at th
r.a'liation of his nephew. Dr. Nathai
oliakoff. from tht, Augusta Medica
ollege.
eretofore has been enjoyed by Eng
and and Germany, and supplantin
he dollar for the pound sterling.
Our opportunity for supremac
as handed us at the outbreak. Don
on. the financial heart of the world
emporarily ceased to beat. Tha
ras New York's chance; but ou
rustic banking laws then In fore
recluded any expansion of credits
nd before the wheels could be pu
n motion to meet the condition. Lon
Ion had regained her footing an
aken the reins. IF WE ONLY HA1
1EEN PREPARED!
The opinion which leads to th
ither extreme is that the large in
rease in bank deposits, as a resul
>f trade balances, favorable to us
lso. on account of exchange condi
ions, unfavorable to other countries
rill disappear as soon as the factor
vhich created and sustained ther
hall be altered or cease to operat
it the termination of the war. To
ertain extent, this view is undoubl
dly true, or will eventually prov
o to be. Therefore the problem i
o determine with some feeling <i
ortainty to what extent the increase
iank deposits which are subject t
he drafts of foreign depositors, wii
anish, and, in doing so, become
all upon the American stock of gob
ind what the effect will be upon o
vhen that call is exercised.
Out of these questions arise fui
her ones, to what extent will thes
-ventualities disturb our industri;
dtuation, upset the commodity price!
ind our markets for manufacture
foods. To answer these and siinila
luestions would involve a risk whic
10 one who has a regard for hi
ipinion would rare to venture, i
he present circumstances, and part
uilarly in the absence of any exper
nee in the past upon which to bas
inch opinion, the only things cot
icrning which wo can now be absc
utely certain are the facts of on
jresent prosperity, and all experienc
11 the past, warrants the statemer
hat every discussion of America
jreparedness should firat of all pr' nt
to the American business ma
ind particularly to the America
tanker, the necessity of gettin
eady now not only to solve the?
troblems when they arrive, but t
te able to discern them before tie
icconie a menace. The accomplisl
merit of this object will test 01
murage, our wisdom, our forestgl
ind our prudence.
Fortunately the banking situatio
n this country has been great!
itrengthened by the Federal Reseri
(Continued on Page 8)
CO-OPE
In Order To 1
Corn C
We have decided to furn'
V< 1 v( t R< mi- to each boy for
av now in took, and also as .1
s follows on First Monday I
Three C
r. ' Results. First Prize
Si cnnd Rest Results Second Pr
Third Rest Results. Third Prize.
Now boys. Demonstrate!
go to work.
We also wish to thank th
ijiiickly responded to our Clean
the <;<><>(] Paints yet for you.
We are making decided c
to enlarge our business in order
( AM- OX THE
THE BENNE
"The Pure
%
1
1Jft
s
LEOAL NOTICES
: \oti< ?: or i>is< ii \i:<;i;
Notice isNhereby giyen that the
undersigned \v\n. as administrator of
t h? * state of \\im.,A. McCorkle de,
ceased, on the jeflth day of June,
make his**fi\al return as such
administ rator^ind\pply to the I'ror
bate Court jff Lancaster county Tor
letters dislhissary.
j. ry-TlVKltALL. Administhator.
Estate of said deceased.
11 May 30, 1 ? 1 >. Lancaster S. C. It. I
, 67-4 te-t ues
notice of discharge
i
Notice is hereby given that tho
undersign will, as administratrix of
' the estate of Robert M. Small, de''
ceased, on the 16th day of June,
I 1916, make her final return as such
administratrix and apply to the Probate
Court of Lancaster county for
~ letters dismissarv,
Mrs. Edna Small,
Estate of said deceased.
May 15th, 1916. 63-4tp-tues
v
NOTICE OF DISCHARGE
' Notice Is hereby given that the
undersigned will, as administratrix
r of the estate of R. A. Love, deceased,
e on the 16th day of June. 1916, make
her final return as such administratrix
and apply to the Probate
Court of Lancaster county for
- letters dismissary.
:1 Esther Love, Administratrix,
f-j Estate of said deceased.
May 16th, 1916. 63-4tc-tues
? CITATION* FOR LETTERS OF ADMINISTRATION
t
: STATE OF SOl'Tll CAROLINA,
" COUNTY OF LANCASTER.
' By J. E. STEVVMAN,
Judge of Probate.
n WHEREAS, Mrs Lula Wright has
made suit to nit' to/grant her letters
of adminisat ration jot the estate and
effects of Joint Wright, deceased.
THESE ARE YrHHREFOlfcE, to
'' cite and admonitA all and singular
the kindred and /rbditors of the said
,r deceased, that llie* be and appear
j before me, in yhe (Vurt of Probate,
to he hold at Lancaster on June 14,
1916. next, after publication thereII
of. at 11:uu o'clock in the forenoon,
n to show cause, if they have, why the
, said administration should not he
'' gianted.
(IIYEN under my hand, this 30th,
jday of May Anno Domini 1916.
J. E. STEWMAN, Probate Judge.
67-2tc-tues
o
NOTICE OF ELECTION
- Whereas, one-third of the freod
holders and one-third of the electors
of the age of 21 years, residing la
Belle Town Consolidated school dis'
frift V A 01 Vi o .1 ~
IV. V, '"# ? -M. " w ' v {/VLI11UUCU 1119
county board of education to order
n 1 an election to determine whether
jior not a tax of 4 mills shall be levied
n all real and personal property
for school purposes.
'* We hereby order said election to
i be held by the trustees in said
>- Hello Town Consolidated school district.
No. 21, on Tuesday, May 30,
at the school house.
At which election only such elecit
tors as return real or personal propii
orty for taxation and exhibit their
tax receipts and registration certificates
shall be allowed to vote.
n The opening and closing hours
n ball ho the same a? in ull general
;r elections.
V. A. I,ingle,
W. B. Twitty,
Jos. K. Connors,
County Board of Education.
RUB-MY-TISM
Will cure Rheumatism, Neu' i
ralgia, Headaches, Cramps, Colic
y Sprains, Bruises, Cuts, Burns, Old
e Sores, Tetter, Ring-Worm, Ec?
zema, etc. Antiseotic Anodyne,
used internally or externally. 25c
ORATION
Co-operate With
lub Boys
<h on'1 poi Improved Day
n!y 2", cents in cr>h. These 1 leans
i iruaiM f r - ? W' will give
' D nib. r Oi \t
ash Prizes
$2.50
izo 1.50
1.00
r McManus and g> t your card and
x* Ladies and l'ntrons who have so
l I Week \d, in la -1 issue. We have
an-'s in our st re, and are going
to accommodate our customers.
I'l'HE FOOD STORE'*.
IT-TERRY CO.
Food Store"
' i