Historical Newspapers of South Carolina

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CABLE MATTER TO BE INVESTIGATED BY SENATE BOARD Row Between Western Union And I State Department Included? Senator Has New Bill Washington, Nov. 30.?The whole j1 suestion of cable landings in $he United States, including the present controversy between the Western Union Telegraph company and the , state department, is to be investiga- j, ted by a senate committee, it was ] announced today by Senator KeJlogg ! | republican, Minnesota. Senator Kellogg said the inquiry would be held in connection with his j pending ibill proposing to empower ( ? the state department to regulate ca- , ble connections in tnis counuy. xie , added that he already had requested a New comb Carlton, president of the ( Western Uion and other cable com- j panies, to have representatives at | the hearing. t j State department officers also will ; be invited to attend. i A request for the hearings has 1 been made by the department, Sena tor Kellogg disclosed, and it is ex- < pected . that there1 will be a com- J plete airng of the refusal of the < state department to permit the Wes- 1 ern Union tv land at Miami, Florida, i a cable from Barbadoes which would 1 connect there with a" British cable ' line to the east coast of South Am- 1 erica. i Senator Kellogg's bill, introduced 1 aw bUC IttdU 0COO1V11 Vi tuugiwo CM1U referred to the senate interstate power the state department to grant' commerce committee, would em power the state department to grant or refuse permission fo cable land ing was in the interest of the United States. The measure also would au thorize the president to use force in preventing any landing prohibited ' by the department. * The bill was referred to a sub- j committee of which Senator Kellogg j is chairman and the proposed in quiry will be in charge of the sub committee. t Charter No. 3421. REPORT OF CON! NATIONAL BANK AT ABBEVILLE, IN THE STATE O CLOSE of BUSINESS Ol resou: Loans and discounts, including rediscou those shown in b and c) Notes and bills rediscounted with Fei serve Bank (other than bank ac sold) Notes and bills rediscountea other than eral Reserve Bank (other than ba ances sold) Overdrafts unsecured U. S. Government securities owned: Deposited to secure circulation (U. S. value Pledged as collateral for State or othe] or bills payable Total U. S. Government securities Securities, other than U. S. bonds (1 ing stocks), owned and unpledged Total bonds, securities, etc. other Stock of Federal Reserve Bank (50 p subscription^ Value of banking house, owned and uni Equity in banking house Furniture and fixtures Real estate owned other than banking Lawful reserve with Federal Reserve E Cash in vault and net amounts due tfroi banks Net amounts due from banks, bankers, a companies in the United States ( included in Items 11, 12 or 13) _ Checks on other banks in the same cit; as reporting bank (other than Ite Total of Items 12, 13, 14, 15k and Checks on banks located outside of cit} of reporting bank and other cash Redemption fund with U. S. Treasurer from U. S. Treasurer Interest earned but not collected?appi on Notes and Bills Receivable not TOTAL LIABIL I Capital stock paid in' Surplus fund Undivided profits Less current expenses, interest, and ta> Interest and discount collected or cred vance of maturity and not earned imate) Circulating notes outstanding Caahier's checks on own bank outatandi Total of Items 28, 29, 30, SI, and Individual deposits subject to check Certificates of deposit due in less than fnfher thj?n for monev horrowed Dividends unpaid Total of demand deposits (other ths: posits) subject to Reserve, Items 3 36, 37, and 38 Bills payable, other than with Federal Bank (including all obligations re? money borrowed other than redisi Bills payable with Federal Reserve Br. TOTAL Liabilities for rediscounts with Feder:>. Bank (see Item Id) Liabilities for rediscounts other than w. Bank Total contingent liabilities STATE OF SOUTH CAROLINA, COUNTY OF ABBEVILLE, s? : I, Lewis Perrin, Cashier of the al that the above statement is true to tht Subscribed and sworn to before r? Correct Atteit: A. M. SMITH J. S. MORSE, Directors. W. M. BARNWELL SUCCESS FOUND IN COTTON PLAN Ueorgia Farmer Tell* Of Scheme Scheme Tried?Has Worked Before Savannah, Nov. 30.?A plan by which each cotton community ^nay solve its own problem and contri bute to the betterment of conditions of the cotton market generally was diclosed in Savannah today by W. J. j Walker, banker and farmer of Syl- J vania, Ga. The plan, Mr. Walker told business men here, was used in 1914 and saved farmers and busi men of his county extraordinary losses on the cotton crop. ? His proposal is to form unincor porated companies, composed of a dozen, or more farmers and business men, such companies taking over warehouse receipts for cotton with farmers' notes attached and issue cotton bonds for a fair price through trustees. The bonds should be issued in small, denominations to run six months at 6 per cent and should be used as local circulating medium and; finally reach fertilizer dealers, supply dealers and banks. When the plan was inaugurated in Sylvania in 1914 bonds were issued against cotton on a basis of seven cents when middling was m selling there at five cents. The National bank of Sylvania handled a block of the bonds which were paid in full at maturity. The farmers of Screven county were not forced to sell their cotton at five cents and it was later 5OKI ax nine cents ana ten cents. The plan provides for each com- , pany to be an independent unit nam ing its own price and govering it jelf/: ;/ ' Mr. Walker contends that banks , in times of stress put out clearing , certificates to save themselves and there is no reason why farmers should not issue bonds on Cotton to ' arard off disaster. The earliest printed Bible in any anguage dates from 1465, and is inown afc the Mazarin Bible. Four million persons make returns inder the federal income tax. Reserve District No. 5 DITION OF THE OF ABBEVILLE F SOUTH CAROLINA, AT THE N NOVEMBER 15, 1920. RCES. ints (except $490,096.81 deral Re ceptances 55,799.09 with Fed nk accept 27,500.00 83,299.09 406,797.72 17,721.40 17,721.40 bonds par 18,750.00 r deposits 104,850.00 123,600.00 tot includ 33,964.00 than U. S. 33.964.00 er cent of 3,150.00 incumbered' 5,000.00 . . 5 000.00 46 612 R9, house 661.30 tank 24.985.88 m national *. 20,436.81 md trust other than ? 1,350.19 j or town m 15)? 694.67 16 22,481.67 7 or town items 386.54 and due ... 937.50 Avimofa past due 1,826.32 ____.IT $688,124.92 TIES. r 75,000,-00 30,000.00 cespaid" ~ ' 16,70l'.15 12,102.17 ited in ad -(approx 732.85 ^ 18,750.00 ing 3,057.33 32 3,057.33 . 343,729.53 30 days ) 54,187.54 88.00 n bank de 53, 34, 35, 398,005.07 Reserve presenting cn nnn nn . uuii 10/ nk VVjUVU.WV I 90,477.501 $688,124.92 55,799.09 j 27,500.00' 83,299.09 >ve named bank, do solemnly swear best of my knowledge and belief. j LEWIS PERRIN, Cashier. ?this 22nd day of November, 1920. | W. H. WHITE, Notary Public. 1 Reserve th Federal WILSON TO WRITE AFTER MARCH 4TH He and Secretary Tumulty to Remain in the Capital?Tumulty To Write About The President Washington, Nov. 30?Although it has been generally understood that President Wilson after he leaves the White House on March 4, will devote his time to writing, this fact became known today with a degree of finality. It also became known that Mr. Wilson will make his home in Washington, but thus far he has not obtained a residence. Joseph P. Tumulty, the President's secretary ?isw yiauo w icuiam ? Washington after March 4, and he intends to write some books about the President, with whom he has been associated for the past ten years. Mr. Tumulty has been offered a place on the customs court of appeals but he has reached no decision as to accepting the appointment. NO CHRISTMAS EGG NOG FOR NpW YORK Washington, Nov. 30.?Festive bowls of eggnog, Tom and other sea sonable drinks are going to be migh ty scarce on Christmas day in New York if the prohibition authorities have, their way. This was the official promise of Federal Prohibition Commissioner John F. Kramer tod^y. In order to bring about better conditions, the federal prohibition agents, together with the municipal authorities and state officials are to unite in a grand clean-up of all forms of boot-legging Mr. Kramer said. I GfNGHA 240 Yards of. Gingham 15c Per LIMIT 10 YDS. TO < WEAR During'[the past sonab ANOr The markets co the benefit of e\ no V UOl T? Vy A J past^three^week J. M. TAKE ADVANT; Dii A\in QAVtr i\ i~vi is urv v i?d 11 HOLIDAY PL PHILSON <5 ( Z?l ms DOWN Apron is GO Yd. CUSTOMER PRICES e cutting 'eh We Have The Goods We Intend to Sell The few days we have received large le merchandise which wt have pie rHER GREAT SAV1NC ntinue to show a downward trenc /erv decline?disregarding the co: >een, selling at a discount of from s, now we are making still anothei ANDERSON C( \GE OF OUR 40NEY ON IRCHASES > nrxinv 1 SHEETING 250 Yards 26-Inch Sheetiner 15c Per Y4 LIMIT fO YDS. TO CUSTOMER A DEEPER!! and m, shipments of new, sea iced in stock at 17AI T j 1U I uu 1 and we are giving you st of the merchondise to I 20 to 30 per cent for the r cut. )MPANY