Keowee courier. (Pickens Court House, S.C.) 1849-current, October 13, 1915, Image 3
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.
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M. I A.M.
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M. I P. M. I A.M
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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