University of South Carolina Libraries
BANKS CHARGE HIGH INTEREST, j Many National Banks Receive Aver ago of lu Per Cont. Frankfort. Ky., Oct. 7.-John Skol- j ton Williams, Comptroller of the Currency, defended to-di before the ! Kentucky Bankers' Association Iiis efforts to force national banks to re- ' duce their interest charges to bor- j rowers during the days of stress in the financial and business world which followed the outbreak of the i European war. Of the 7,615 national banks in the country, Mr. Williams declared, i, (?20 have sent in detailed reports showing that they have received an average of li) pe - cent or more on loans. Ho cited, without giving names, instances In which the rate ran up to 40, 60, 1,000 per cent. In one case-that of a woman who bor rowed $3.50 for six days-he said Jlie hank charged ono dollar, or 2,400 per cen I. j "Those banks." said Mr. Williams, "are authorized by tho government. To an extent, at least, they have be- j hind them the sanction, the prestige and the protection of the great Amer- ; lean nation-and lending $3.50 for six days to a washerwoman, or a la borer's or a farmer's wife, at 2,400 per cont. "As somebody once said of drug gists' profits on powdered chalk, it uets out of the range ol' percentage into larceny from the person. Three hundred per cent will make a nar- ' chiste silently, faster than all the I. W. W. apostles who can bawl. When national hanks ( bartered by the gov ernment disappoint and deprive toil j Of its just reward, and stimulate re- : sentment, we have prepared and fer-1 tilized the soil for a fearful crop of! disaster. We cannot persuade our selves or make others believe thai it is right or safe for banks to charge | 100 per cent a year, while tho produc ing people about them are kept poor. I know of such banks. I do not in tend to stand for them If 1 can help it. Tho country will not stand for them." Mr. Williams said ho invited Senate investigation of his actions or the conduct of his ofllce. A majority of tho national banks "aro now conducting their business on a high and honorable plane and are charging fair and reasonable rates on loans," Mr. Williams said. I He predicted that a well-thought out, J carefully constructed, conservative system of rural credits for the (lovel- I op ment of agriculture would come presently, and said that in the mean time ho expected to do all possible lo protect borrowers of all grades against rapacity. He asked the co operation of all banks further to im prove conditions. The figures he quoted, Mr. Wil liams said, were taken from the re ports Of national banks, "not pawn brok rs or recognized money sharks." "These banks know," he said, "and you and I know, that such rales are disreputable and without excuse, whatever the security for tho loans may he. Tile hank that lends at such rates is destroying its constituency and ls al the same time committing slow but SUl^g suicide. Some reports from the South and West, tho North west and tho Southwest, especially in the wheat and cotton sections of the southwest, are blood-curdling. They are like stories from darkest Russia, of tho oppressions inflicted upon the peasantry. The reports received at the Comptroller's ofllce show indis putably that In some Slates and sec tions, borrowers and especially small borrowers, have been and are being subjected to extortions and exactions which the average man would consid er impossible In (his enlightened age. Mr. Williams devoted much of his limo to answering criticisms of his action in regard to lower interest rates by Senator Weeks, of Massachu setts, in a reient speech before Mich igan bankers. He declared Senator Weeks had said that the banker him self was the man to determine Inter est rates, and in reply read a list of hanks Which showed an average rate of more tuan 10 per cent, lt Includ ed two banks in Illinois, six in Min nesota, two in Missouri; twenty-three l OH! CA LOM EL MAKES VOC DEA DIA' SICK. Stop Using Dangerous Drug Before lt Salivates Von-lt's Horrible. You're bilious, sluggish, consti pated and believe you need vile, dan gerous calomel to start your liver and tdoan your bowels. Hero's my guarantee: Ask your druggist, for a 50-ce nt bottle of Dod son's Liver Tone and take a spoon ful to-nighf. If il doesn't start your liver and straighten you right up better than calomel and without griping or making you sick I want you to go back to the store and get your money. Tako calomel to-day and to-mor row you will feel weak and sick and nauseated. Don't lose a day's work. Take a spoonful of harmless, vege table Dodson's Diver Tone to-night and wake up feeling great. It's per fectly harmless, PO give lt to your children any time. It can't salivn'o, so let them eat anything afterwards. -Adv. in Georgia, six in Florida; twenty one in Alabama; two in Louisiana; three hundred and fifteen in Texas; seventeen In Arkansas; three in Ten nessee; ninety in North Dakota; eighteen in Nebraska; five in Kan sas; thirty-eight in Montana: four teen in Wyoming; thirty-seven in Col orado; twenty-live in Now Mexico; three hundred in Oklahoma; twelve in Washington; ten in Oregon; thir teen In California; two in Utah; ono lu Nevada, and thirty-three in Idaho. In one Southwestern State, said Mr. Williams. 1 :? I hanks reported iliey charged a maximum rate of in terest of from 15 to 24 per cent; sixty-seven hanks a maximum be tween LT? and GO per cent; twenty two hanks a maximum between GO and 100 per cont; eighteen between 100 and 200 per cent, and eight be tween 200 and 2,000 per cent. "Most of these disgraceful rates," said the Comptroller, "were for com paratively small loans." The legal rate in the State, he pointed out, was 6 per cent, and the maximum author ized by special contract, ten per cent. Mr. Williams reviewed the financial situation through the Hist year of the European war. He said that this country had not only avoided finan cial crash, but had wilted out the (loafing debt of $:?.'>(),000,OOO due lo Kit rope January 1st. 1915, and ab sorbed between 7-~>n and 1,000 mil lions of dollars of American securi ties that were held abroad and now is In condition lo help finance the whole world at the conclusion of the war. Ile presented as n fact thal tho United States was now in position to buy back the American securities held In foriegn lands. If they should be offered, but thal "Europe has come to realize thal America Is the most stable country on earth" and that investors lhere cling to Allier' can securities as likely to ho the best real values "as the American dollar has become the ?vorld's standard of vain?' because it commands the world's faith." Giving figures to substantiate this assurance, the Comptroller said "the estimated gold supply of the United States in gobi coin and bullion is more than two billion dollars, of which State and national banks hold ono billion and the Federal reserve hanks and tho treasury G IO millions, leaving more than four hundred mil lions in the pockets of the people. At no time in recorded history have the banks of any country held such re sources as the banks of Ibis country hold to-day." Deposits of all the banks in tho United States, including trust oompanies, had, in the past fif teen years, increased at the average rate of about a billion dollars a year, ho said. The Income of tho people of the United States over the expenses of living and available for development and invest mont amounts to ?.000 millions of dollars per annum. Mr. Williams said he placed the total at 30,000 millions a year. He said the total wealth of Ibo United States is now estimated at 210 billions as com pared with 70 billions as tho total wealth of Germany in 1911; .">."> bil lions, tho total wealth of France in I'.tos. and 10S billions, the wealth of the whole British Empire, including the United Kingdom, Canada. Austra lia, India and South Africa, by the latest available computation, that of I 903. Mr. Williams cautioned his hearers thal the time may bo near when this nation will need Its resources and "when even our unprecedented and unequalled strength will be taxed." "At the close of this great war," he said, "il will bo our task to finance the world. We may be tho one afflu ent power. Tho strain on us will be enormous. Wo may have to bear, too, tho burden of providing for our own defense. We have learned from observation and from comparison forced upon us how inadequately pre pared we are. Wo aro asleep among hungry and armed nations in a home crowded with gold and food, with our doors wide open and not even a gun on tho premises. We will have to lake care of ourselves and of countries, governments and peoples abroad. Tho one sure foundation, not only of our financial and business structure, but for the government and civilization itself, for safety in war and growth in peace, ls lu the pros perity nod contentment of the indi vidual." Bryan bauds Wilson. Selma, Ala.. Oct. 0.-William .1. Bryan, in an address to a larg0 crowd here to-day, Indorsed Presi dent Wilson's foreign policy, and said: "This country ls to be congratu lated that now wo have a man who loves jieace and hates war and not t. jingo with a hair-trigger patriotism waiting for an excuse to start a fight." Mr. Bryan predicf.od that the Wil son and Bryan treaties would pre vent war between the United States and treaty countries for a thousand years. LOWER DIVISION UNION. Meeting Will Be Held With South I nion Church Octol?er rtO-ttl. Saturday Morning. 10.00 a. m.-Devotional exercises, j ( Rev. J. H. Clark.) 10.15 a. ni.-Enrollment of dele-' gates. 10.30 a. in.-Reports as to condi tion of churches. 1 1.00 a. m.-Sermon by Dr. T. M. Galphin. 12.00 m.-Miscellaneous business and dinner. 2.00 p. m.-"Bible Teaching on Temptation." Rev. C. D. lloyd. 2.20 p. m.- "Temptation to Re Unfaithful, to Re Disloyal and to Re Dishonest to and with God and Man." (Open discussion, in which tho com mittee most earnestly desires and begs thal the delegates shall freely express themselves.) Sunday Morning-, 10.00 a. m.---Dvottonal exercises. (W. X. Bruce). 10.15 a. m.-"Church Discipline as Taught by New Testament." Rev. T. M. Galphin. 11.00 a. m.-Sermon by Dr. Z. T. Cody. 12.00 m.--Miscellaneous and ad jorn. Dr. Z. T. Cody will be with us throughout the whole meeting and will be speaking on the important subjects. We urge our people to como and enjoy the feast of good things in store. T. D. Marett. H. M. Pallaw, K. W. Marett. Program Com. Cures Old Sores, Other Rem?dier Won't Cure rite worst cases, no matt- r <.i ho?- long standitiir. rc cured hy lite wonderful, o?d reliable i --.rivi's Antiseptic UenHrtj Il T-'N ? mid -ii- tis;.t the susie tu:-..-. .1cc. ,'. WHETSTONE. (Omitted Last Week.) Rev. L. H. Norton, of Walhalla, preached a very interesting .sermon al Whetstone school house Sunday evening at 3 o'clock. Miss Daisy Robins, who is attend ing school at Long Creek Baptist | Academy, visited homefolks here the week-end. Miss Birdie Harker, of Long Creek, visited at the home of Mr. and .Mrs. L. X. Robins Saturday. Leo Munt and son Curtis, of Tabor, visited Mr. and Mrs. W. T. Hamey recent ly. Misses Gertrude Dunlap and Nina Hunt, who are students at the acad emy at Long Creek, were also guests at the home of Mr. and Mrs. W. T. Hamey Saturday and Sunday. 1. W. Henry made a business trip to Walhalla one day hist week. Mr. and Mrs. John Thrift, of Long Creek, visited the latter's parents, Mr. and Mrs. Mart Phillips, here, Sunday. Miss \rah Rleekley has been on the sick list the past week, but we are glad to note that she has about recovered. W. T. Uamby visited his mother at Apple Valley Sunday. School at Whetstone is progressing nicely under the care of Miss Ora Arve. PLAT SHOALS. .lames Crow stepped on a nail while at work on the school house last Thursday. The injury was epiite painful, but not serious. Our modern school house is near ing complet ion under the supervision of W. M. Murphree, of Oconee Creek. Mr. Murphree is a first-class work man and a great believer in good schools. Archie Tow has about completed his new barn. Ivan George left recently for Hot Springs. X. C., to attend school. Miss Nellie George is attending the fall term of the high school at Wal halla. Mr. and Mrs. George Head, of Plat Shoals, visited recently in the Salem section. J. H, Hunnlcutt, of Oconee Creek, lost a good horse a few days ago. We sympathize with him In his loss. Hen Sloan killed a large pilot snake last Friday. We are glad to note that our sec tion has a rural policeman. Maybe some of the disorderly conduct on the ?tubile highways will be stopped. William Kelley, who has been con lined to his room for the past three months, is able to sit up during short periods. CONEROSS. Mr. and Mrs. I<\ D. Rotheil, of Toc coa, visited relatives in this commu nity recently. Mr. and Mrs. Iluskninp, of Ebene zer, were week-end guests of Mr. and Mrs. s. M. Hunnlcutt. Several of the young people enjoy ed themselves at the home of K. B. Pvetwell last Tuesday night. Mrs. Morgan, of Seneca, enjoyed a visit at. the home of her nephew, S. M. Hunnlcutt, recently. Misses Orani and Annie Strutton, of Walhalla, were recent visitors of Misses Bewley and Jane Hunslnger. Mr. and Mrs. W. 3. Grahl and ??I ALCOHOL 3 PEU CK NT. ANfcgctaWe Pro paration forAs similaliiifjilicl-??daiHlRcyula tini^ Mu* Siomachs aiitiBowcis o? JNj&Sfrs ^"CHILDREN Promotes Digcstion.QetrTur ness and Itesf.Contalrts nciUicr Opiutu.Morphirtc nor Mineral Nor NAR co Tic. jttn> croidDchwmmvm Acqaf? S/ta" jilx.Srmu * jhv'seSttJ* i%?tkaokSt& AperTecl Remedy for Oonsfiji* i ion, So.ii- Stonacli.Dla; rtoea Woniu?,Coiwulsionsl-(EVcrisu ness and Loss or SLEEP. FacSmiU? Signa ture of TUE CENTAUR COMPAWT, NEW YORK._ CASTOR For Inftmts and Childi eu. The Kind You Have Always Bought Bears the Signature of . At?'iu?^lhs old DOSES-J5CE*ts Guaranteed undcrl?w Foe SialtM Exact Copy of Wrapper. In Use For Over Thirty Years GASTORU THC OINTAUX COMPANY. NEW VON* ?HT?. CU F RIDGE HA 11 AV A Y-BETWEEN HELTON AM) WALMA LLA. Time Table No. 17.-Effective 12.01 A. M., Jilly 4, n>ir>. KA ST-BOUND EASTBOUND Leave Walhalla. Leave West Union. Leave Seneca . Leave Jordania . Leave Adams's Crossin;;. Leave (-berry's Crossing. Leave l'on diet on. Leave Auton. Leave Sandy Springs. Leave Denver . Leave West Anderson. Leave Anderson (Passenger Depot) I ?ea ve Anderson (Freight Depot) . . Leave Erskine's Siding. Arrive Belton. NUMBER OP TRAIN. WESTBOUND Leave Belton. Leave Erskine's Siding. leave Anderson (Freight Depot) . . Leave Anderson (Passenger Depot) Leave West Anderson. Leave Denver . Leave Sandy Spring's. Ivoave Au tun. Leave Pendleton. Leave Cherry's Crossing. Leave Adams's Crossing. Lx ave Jordania. Leave Seneca. Leave Wost Union. Arrive Walhalla., NUMBER OP TRAIN. gi 3 f. u W G -3 ?S? II . G Uri g Gi? 5 ?--a ?jj o . G tr. "H t/i el u Cl cf -il e*. M IO 45 05 08 2 l 27 39 tv r,o 65 1 II 15 1 7 33 46 12 M. 10 15 33 , 35 , 5 r> .07 .15 . i s . 2 i . 3 8 . 43 .45 I 3 Si tr. s * w 5 5 h y ^ .-s CA A Qi 6.1 5 io ?0 A. I I . I I . 1 1 , 52,1 1 57 11 1 0| 1 2 15 12 17112 2 I I 2 3 111 2 36 12 51112 53 1 11 1 25 1 24 M. I A.M. 22! 34! .18 . 5 0 . 5 7 . I il .15 .18 . 2f. . 3 0 . 3 0' . 57 .15 . 33 . 12 8 . 05 8.10 8.23 8 . 28 S.31 S . 39 8 . 49 S r.i 9 . 07 9.10 9 . 28 9 .35 20 5 . 30 6 . 30 6.33 09| 6.57 M. I P. M. I A.M .40 .45 .15 . 17 . 3 i . 33 . 4 5 . 5 3 . 6 6 .01 . 1 3 .18 ?IO P. M. 0 l 17 20 33 1 I 8 . 00 8.15 8.17 8.35 8.45 K A. M. 9.45 3 . 0 5 3.10 3 . 23 3.28 3.31 3 . 39 3.49 3 . 5 2 4 ! 0 0 4.30 4 . 50 4 . 5 5 25 9 10 |lt. 12 12 1 1 1 1 55 1 3 l! 5 33 5 3 01 05 17 3 3 2.01 2.45 3.15 3.23 Flag Stations: Anderson (Freight Depot), West Anderson, Denver, Sandy Springs, A'.tun, Cherry's Crossing. Adams's Crossing, Jordania. Steam trains will stop at following flag stations to take on and let off passengers: We-ch, Toxaway, Phlnney'a, Jan.es. J. R. ANDERSON. Superintendent. iva it Always Helps says Mrs. Sylvania Woods, of Clifton Mills, Ky., In writing of her experience with Cardui, the woman's tonic. She says further: "Before I began to use Cardui, my back and head would hurt so bad, I thought the pain would kill me. I was hardly able to do any of my housework. After taking three bottles of Cardui, I began to feel like a new woman. I soon gained 35 pounds, and now, I do all my housework, as well as run a big water mill. 1 wish every suffering woman would give CARDUI The Woman's Tonic a trial. I still use Cardui when I feel a little bad, and it always does me good." Headache, backache, side ache, nervousness, tired, worn-out feelings, etc., are sure signs of woman - ly trouble. Signs that you need Cardui, the woman's tonic. You cannot make a mistake in trying Cardui for your trouble. It has been helping weak, ailing women for more than fifty years. Get a Bottle Today! . 64 o$< >$< >$< *$< >$< >$( ]%l >$o daughter, Grace, of Walhalla, sp< ." Saturday and Sunday at the homo K>I H. W. Arve. Miss Fannie Broyles returned to her home in Townvllle last Wednes day after spending some time here with her friend, Miss Katie Abbott, and with relatives in Seneca. Miss Broyles has many friends here who wero delighted to seo ber again. She taught school at Blue Ridge two years ago. Clifton Hunnicutt and wife, of Sen eca, visited relatives here recently. TWO BROTHERS FIGHT DUEL. Thomas Harper Killed and Mike Har* IHM* Badly Wounded. ( Anderson Mail, 6th. ? In a nun-fight between two bro th orn a few miles north of Hartwell, Tom Harper wa* killed and Mike Harper so critically wounded lhat ho may die. Doctors who amputated Mike Harper's leg, however, have 'topos that he will recover. Tom Harper wag heating his wife, it is reported, when his brother Mike Interfered, and the battle be tween the two ensued. Tom was wounded lour times, being shot three times with a pistol and once with a shotgun. Sheriff A. S. Johnson, or Hart county, who investigated the killing with Coroner .Nixon, states that lt is improbable that any aetion will be taken against .Mike Harper if ho re covers, as witnesses say he was justified in interfering to save his sister-in-law from her infuriated Iris band. The Quinine That Doos Not Affect The Head Because of its tonic and lnxntive effect. LAXA TIVE BROMO QUININE is better titan ordinary Quinine mid docs not cnuse nervousness nor ringing In head. Remember thc full name nnd look for the signature of H. W. G KO Vii. 25c. Grave of Huge Proportion. Piotrokow, Poland, Sept. 20.-Jt is doubtful thal any place in the war /.one contains a grave of such pro portions as Piotrokow. Beside the little Russian cemetery, itself Ulled With individual graves of both Rus sians and Germans, is a vast mound covering 1,300 Russians who fell in the fighting hore last November. Tho grave, which is at one corner of the battlefield, is marked by more than a score of crosses, bearing thc names of the men lying under it. Coughs that Are Stopped '. Careful people see that they arc stopped. Dr. King's New Discovery is a remedy of tried merit. It has held its own on the market for 4 6 years. Youth and old age testify to its soothing and healing qualities. Pneumonia and lung troubles are of ten caused by delay of treatment. Dr. King's New Discovery stops those hacking coughs and relieves la grippe tendencies. .Money back if il falls. r>0c. and $1.-Adv. 2. Gaffney Steps Down. Washington. Oct. 7.-The regisna tion of T. St. John Gaffney, American consul general at Munich, requested by the State Department because of unneutral utttrances, "as received to-day and accepted by ebie. 4* *I* "I* 'I' 'I* .I" "I* *I* "I* *P *$t 4. PROFESSIONAL CARDS. dh ?j? 4* 4* 4* 4* 4? 4* 4* 4* 4* 4* 4* ?J. DR. W. R. CRAIG, ?fe 4? Dental Surgoo-i, 4? WA CH A CHA, S. CAROLINA. 4* 4? - + 4? Of?lco Over C. W. Pltcliford'a 4. ?j? Store. .!> 4. DR. W. P. AUSTIN, *|l 4. Dentist, ?ty .I? Seneca, South Carolina. ??. * - 4 ?|? Phone 17. .!. *- + 4. HARRY R. HUGHS, 4. 4? AtOornoy-at-Law, 4? Walhalla, South Curollnu. 4. Ollice in 4. .j. Wm. J. Stribling's Building, 4? .?. Court House Square. ?J? *-4, 4. MARCUS C. LONG, 4t 4? Attorney-ntz-T.' 4l 4. Phone No. M?, ?ty .T? Wnlhtiiiu, South t undina. 4* * - ? 4? Ollice Over Oconeo New?'. 4?-* 4. J.R. E A R L B , 4. A ttoraey-at-Law, 4. WALHALLA, S. C. 4? 4? Practice in State and Federal .{. 4. Courts. .$? JU , FARM LOANS. 4l 4> --.? 4. K. L. BARNDON) 4i 4? Attorney-at-Iiaw, ?ty ?j? Walhalla, South Carolina. >|( 4. pl I ON l-l NO. Ol. 44 ?J,_.- ?If ?J. R.T.JAYNES, *|| 4? Attoriiey-at-l/iiw, ?ty 4. Walhalla, South Carolina, tty 4? Bell Phone No. 20. ?ty 4. - ?H ?J? Practice In State and Federal ?ft 4* Courts. 44 4.- * 4. J. P. Carey, J. W. Shelor, 44 4? Pickens, S C. W. C. Hughs. 4? 4? OA REY, Hit: COB A HUGHS, 44 4? Attorneys and Counsellors, 44 4* Walhalla, South Carolina. 44 4* Practice in State and Federal 44 4* Courts. 44 4.4.4. 4, 4. 4. 4.4.4.4.4. 4. .?. .ja Roofing, - Bepairint Kurfees Paints and Oil. Gutter and Repair Work. X>. E. OOOI>, TINNER, - WALHAMiA, g. Og