Historical Newspapers of South Carolina

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Insurance Commissioner Issue Warning to People of South Carolina. South Carolina is being overri] with "wild cat" financial scheme especially ?oil well stock projects, a cording to Insurance Commission? McSwain of Columbia who Saturdi issued a warning to the people of tl state, through the press, not to ii vest in any stock proposition unie they were sure that these conceri had been licensed by the insuran? commission?r. Mr. McSwain is sending to t sheriffs of the state and to all '.hi of police a letter, asking them to 1 on the lookout for agents of "bh sky" stock projects who are seJlir stock without a current license fro the insurance department. Mr. McSwain states that eve] mail brings some inquiry regardir the requirements under the state "blue sky" laws for such conceri to sell their stock in this state. A few days ago, Mr. McSwain wi visited by three men from Washin; ton, D. C., who wanted a license 1 sell stock in an oil well developmen They told him that the first sta they had visited for the sale of the stock was South Carolina, and, ask( why this was, they told the insuran< commissioner that their section < the country had been thorough worked on such propositions ar they heardof the unusual prosperil of this state and thought it a goc field in which to begin the sale of tl stock. Their financial showing, ho\ y ever, did not warrant the insuran< commissioner in issuing them a 1 cense. Recently Mr. McSwain was in tl hospital for an operation and in h weakened condition he was visit( one day by three persistent agen for an oil well proposition, wi wanted a license to sell their stoc in the state. Mr. McSwain told the that his voice was too weak for hi to talk much, but that he could li ten. They "fired away" and Mr. M Swain listened, but he hasn't yet i sued their license. Mr. McSwain sa: the state is being flooded with peop who want to sell* stock in conceri that propose all sorts of returns. The insurance commissioner stat? that he is confident there are a nun ber of concerns selling stock in tl state without licens? in violation ( the laws, and it is with a view 1 catching these agents that he is m tifying the sheriffs and police chief If the agents are caught they will I prosecuted. Licenses for the sale < such stocks must be issued April .of each. year. No license is good, ui less it has been issued subsequent 1 .that date. The insurance commissioner r tcently investigated an oil we scheme which was applying for 1 .cense to sell its stock in South Cari lina, and he wrote to a prominei South Carolinian now practicing la in Texas. The lawyer's report on tl company showed that it was not'we ^known and was without strong final ?cial foundations. The lawyer advise Mr. McSwair. not to license it, an lie stated that if the concern wei good it would have no trouble sellin to come to South Carolina for cap its stock in Texas and would not hav tal. He stated that only one out c every 773 of the small oil well d< velopments succeed. Insurance Commissioner McSwai has reports to show that the sout "is being overridden with "blue sky financial propositions and he says h is doing all he can to warn the pe( pie of the state against such invesl ments.-Columbia Record. Southern Legion and Sout! Carolina Department Oppose j-. Agitation of Bonus. v Tn a conversation with some of th . state officers of the American Legio ' Richard I. Manning, former goverr . or, expressed the gratification th? the Legion in the South, and part ? cularly in South Carolina, has take such an admirable stand on the b( nus question. The Legion in th state has voted throughout to stan . by the action of the national convei tion-that is, to leave the matter t . congress and for the American Li .gion to take no part in such an ag tation. Proper resolutions have bee :adopted by the South Carolina D? apartment setting forth this stand. At the meeting of the national e: ?ecutive committee in Indianapoli -when it was voted to ask for the bi inn.% the Southern states were, as whole, not represented. Therefore ? a conference in Birmingham a sho: while later the ten states in tl South asked Franklin D'Olier, natic ai commander, to call the comm itt < together again for further conside ation of the bonus question. Th was Acme and a meeting was held Washington March 22 at which evei state in the union has represent tives. Here again it was voted to a? for a bonus-the fourfold plan-bi the Southern departments/ exce s, c sr I ie a 01 ?el m is j Alabama, protested most vigorously against the cast feature, believing that the American Legion should not m I attempt to tell congress what to do, and also that the executive commit tee was exceeding its powers to undo the work of the national convention. When the final vote came, however, several Southern states switched for unanimity, South Caroilna, Arkan ss sas, Florida, Mississippi, Texas, and 1S Idaho however, voting on the last ballot against the American Legion taking part in the agitation. The South has been highly praised ef for its stand, and especially those 3e states that voted against it through ie out the meeting. A statement was recently issued from state headquarters of the American Legion setting forth that fy without entering intj the merits or ig demerits of the question, whether or .'s not the country can stand the finan-, ns cial burden or whether or not the sol dier, sailor or marine, who served in 3 the recent war, is due a bonus, the g. department of South Carolina is flat to footedly against the American Le ft, gion yaking a fight for the bonus, te In South Carolina at the last state ir convention the bonus question was ;d put into the hands of the delegation ;e to the national convention, unin jf structed,/and at the meeting in Min ly neapolis the South Carolina delega l(j tion voted unanimously against the ?y American Legion waging a campaign )Cj for same. The South Carolina depart ie ment has never wavered from its or v. iginal ?stand.-The State. Irish Potato Bugs. Make a dusting powder of dry Ar ie senate lead powder, I pound, mixed is with 5 or 6 pounds of flour of air7 ?d slaked lime. Dust the potato plants while the dew is stoll on. Arsenate of lead is now preferred to Paris Green. Further information on treatment of diseases and pests will be furnish ed by the County Extension workers. Cutworms. Sow sparingly around the base of the plants or sow broadcast over the is j field the following mixture : 6 pounds of bran; M pound of Paris green; % finely chopped lemon; 3 quarts of water sweeten with y/z pint of mo le lasses. Beware of poisoning the poul >f try with the poisoned branj Make a to damp mash of the bran. After the worms are poisoned they hide before they di?. o s. >e A 1 a to e ?11 li a it w te ?ll a Cotton Seed For Sale. DORR 'GREEN SILK COTTON, fifth year development, one package of seed for fifty cents prepaid will insure you a start. With orders for two or more packages we send sam ple of cotton. Get ready for the Silk Mills. Plant in your, back yard. L. A. DORR, Box 804, Augusta, Ga. Eggs for hatching, and Barron strain FOR SALE pure Wycoff ?"j j White Leghorn. Price $1.50 per 15 a|4-7-tf MRS. GEO. F. MIMS. FOUND: On the streets of Edge ll field lady's gold eye-glasses with chain attached. Owner can get glass es by calling at The Advertiser office and paying for this advertisement. J. W. REESE. IT S NO C Copyrirht 1909, by C. E. 2 ?VERY dollar that ; every proportion that you earn that it would not, is only money that yoi On the other hand every dol money that is going to c Which is the best; money al you always working for y start that bank account. D BANK OF I OFFICERS: J. C. Sheppard, Prem E. J. Mirna, Cashier; J. H. Allen. Assist DIRECTORS : J. C. Sheppard, Tho Parker, A. S. Tompkins. B. B. Boukni BREAK IN BOND PRICES IS NO CAUSE FOR WORRY LARGE YIELD MADE POSSIBLE TO ASTUTE INVESTORS WHO SEIZE BIG OPPORTUNITY. lnveetors who bought Liberty Brad? and Victory Notes at recent market prices wer? thus afclt to earn consid erably more than tho bond rates et in terest ea their mener, according te figures compiled by stock and brad brokers. Moreover, income tables re cently completed by the War Loan Or ganieation of this district show that the bonds, 'naamuch as they are ex empt from all statf and lecal property and income tax (except estate er in heritance taxes) are o qui va ?ont ia their net yield to taxable stocks and bonds paying rates of interest sub stantially kicker. The property tax on stocks and bonds is sometimes considerable. From these property taxes, state and city, Liberty Bonds and Victory Notes, vf course, are exempt. This means, therefore, brokers point out, that the government securities yield a net in come equal to. that of taxable stock? and bonds paying much more. The following figures show in the order named the issues of Liberty Bond* and Victory Notes, their respeo* tire periods to maturity, recent mar* ket quotations and the approximate annual interest based upon these prices and conditional upon the secu rities being held to maturity. first I 1-2, 27 years; J93.30; 3.90 per cent. First 4, 27 years; 185.80; 6 per cent. First 4 1-4, 27 years; $36.50 6.S per Nit .Second 4, 22 l-l years; 135.5*; l.ll per cent. Second 4 1-4, 22 1-3 years; HI.J?; B.S per cent. Tfeird 4 1-4, 8 1-2 years; 990.80; 5.Cl per cent. Fourth 4 1-4, 18 1-2 years; SH.90; 6.47 per sent.. Victory 4 2-4,. 2 years; . 16.38; COI par cent. ' Victory S 5-4, I years; H8.30; 5.03 per cant. v In comparing the ia co me from Lil arty Bonds and Victory Notes with the net yield of taxable stocks and beads the usual taxes should be added to each ef the percentage yields given above. It rests with the legislature, brorera point out, to increase th>* taxe* her?. Taio then iroald make the income yield of non-taxable goyernmeat bonds jyrt that mach greater and *.ae bondi wouHl therefore be all the mere rsl vsyMe, bankers and business mea say, a? Investment securities. Farmers, Attention! Write or see me for delivered prices on rat, tire and lightning proof metal corn cribs. Can fur nish them in any capacity. Shape either round, oblong', or''square. Can furnish partitions fors Urge cribs. Absolutely rat and lire proof. A permanent farm improvement, first cost cheaper tban wooden con struction. Write me at Bamberg, S. C. W. fi. STOKES, Agent for Edgeiield Co. FOR SALE: Home raised corn, shelled or in the shuck, at $2.25 per bushel. A. S. MILLER, Trenton, S. C. TWHAT ill MAKE UT WHAT DU SAVE THAT OUNTS immerman Co. -No. 64 you spend foolishly, ate amount of money be possible to save and do i have to work for again, lar you put in the bank is constantly work for you. ways working for you, or our money. Come in and on't put it off another day. ?DGEFIELD dent; A. S. Tompkins, Vice-President ant Cashier. s. H. Rainsford, John Rainsford, M. C. ight. E. J. Mirna. J. H. Allerg Two Carloads of Chevrolet Cars We are now in a position to supply the people of Edge field .with Chevrolet automo biles - immediate delivery having just received two car loads. If you contemplate buy ing a car better place your or der now while you can get what you want. We shall be pleased to give you a demon stration. The people who own Chev relet cars and trucks can tell you about their merit. Ask a Chevrolet owner about their small gasoline consumption, their cheap upkeep and last ing qualities. The Chevrolet trucks are growing in popularity among farmers. We invite farmers and merchants to call and let us demonstrate their superior quality. The demand is GREAT. Get a Chevrolet automobile or truck while you can I Acme Auto Company " 1 m"'.minni.mi.limn.?F Upon These Arguments We YOU, the buyers, are the real builders of wagons. You put the final Okay upon the use of certain materials and con struction when you buy a wagon containing them-and refuse to buy a wagon that does not. We want to show you how the Thornhill Wagon is built. Upon a plain statement of facts we are willing to rest our case. We believe the Thornhill way would be your way if you should build a wagon. Rest Our Case For spokes and axles tough second growth highland hickory i* used For hubs and felloes thc sturdy white oak is preferred. This wood grows upon the mountain side. The ground is hard the climate severe. It has to fight for life. It has nearly twice the strength-of oak and hickory that grows under softer conditions. Outdoors under shelter it remains tor three to five years. The sap dries in it,, giving it a strength that's kin to steel. Full Circle Iron Trussed Malleable Front Houri Plate Bolsters and Gears Long Wear Beds Sola tem Can't riana *** Turning In turning and backing up, with the ot?i nary circle iron, which is only a half circle, olsters run off the end of the track and lang. It is difficult to make short tums and back up. The Thornhill full circle iron gives a continuous track on which the bol sters can turn. The gears of Thornhill wagons stay in line f &r 1'fe. Instead of thc us ?ai front hound plate, a hound plate of malleable hen is used. It is a metal jacket braced at eight points that keeps gears from ever getting out of Uni:. Note tho Adjustable Brake Lever On the front bolsters of Thornhill wagons ' are heavy iron plates running along: top and1 bottom-connected by. rivets that run: clear-' through the bolster. Strength and - lightness - are combined. Rear gears ? are strongly ironed. There are braces on both top and bottom that extend the full length of the 9 hounds. Solid trust bars extend the full length- of-the axles giving tlicm double strength. If you examine the beds of Thornhill' Wagons closely you will see at once thc. superiority of the construction. The bottoms are re-inforccd over front and rear bolsters. t> Come in and examine this wagon for' yourself. We will take pleasure and pride in showing you a Thornhill-The wagon made of tough highland oak and hickory-with features all others lack. [610-N]< BETTIS CANTELOU