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Charter No. 6994. Report PEOPLE at Prosperity, in the State On March 1, 1920. L 1. a Loans and discounts, ir (except those shown in 1 2. Overdrafts, unsecured... 5- U. S. Government securit a Deposited to secure ci par value) f Owned and unpledged., h War Savings Certificat actully owned Total U. S. Government * 8. Stock of federal reserve tion) 9. Value of banking house, 10. Furniture and fixtures... 11. Real estate owned other 1 12. Lawful reserve with Fed< v 14. Cash in vault and net am \ 17. Checks on other banks in porting bank (other tha Total of items 13, 14, 19. Redemption fund with U. Treasurer Total to 22. Capital stcok paid in. i. 23. Surplus fund 24. a Undivided profits b. Less current expenses, i 28. Circulating notes outstan 33. Cashier's checks on own Total of items 30, 31, 32 34. Individual deposits subjec 38. Dividends unpaid Total of demand deposits deposits) Bubject to Reserv 37, 38, and 39 43. Other time deposits Total of time deposits sub, ; 40, 41, 42, and 43 ) Total *Of the total loans and " * interest and discount was ui by law (Sec. 5197, Rev. Stat charge not to exceed 50 cents loans was none. State of South Carolina, Coun I, L. W. Bedenbaugh, C: swear that the above stateme belief. Subscribed an^d sworn to b< Correct?Attest:v J. A. C. Kibler, R. T. Pug*i, T. A. Dosninick, Directors. 4 INCOME TAX LAW GIVEN BLOW BY SUPREME C Decision Nullifies Provision! < Law and Will Ivnohrc Gr Loss in Reteave. Washington, March 8.?C< tion dividends, distributed i form of stock, do not constitu come," and consequently are n ject to federal income taxe; Supreme Court decided today to 4 decision. Provisions of the 1916 fede come tax law levying taxes oi dividends were declared unco tional. The decision also n similar provisions of the prese and "A'ill involve great loss ir nues to the government in collections, and also refunds o: already collected. Large ti] interests likewise will be affect numerous stock dividends of x ^ ous proportions are expecteu declared soon. "Paper Certificates." In the majority decision, r< Justice Pitney,, Chief Justice ant! Justices McKenna, Van I ter and McReynolds concurrei the four dissenting members court Justice Holmes read a opinion, in which he was joii Justice Day, and Justice Bi delivered a lengthy opinion, in Justice Cfcirk concurred. In \ that stock distributions are no dends on account of no separal corporate assets being involve! 'Lice Pitney, in behalf of the rc>a declared that stock shares "are ing except paper certificates" dietribr^sed .-assets, are not rt profits and, therefore, tot taxa} The attempt of congress in 1 coma law to tax stock disjrib the majority decided to be un< tutional and not permitted by tl -teenth, or income tax, amendm the federal constitution. Stocl dends, the majority held, may b ed only after stockholders i upon them by the sale, in whic] the government may levy i] taxes on such profits. Says Dividends Are "Incomi All four dissenting Justices tended that Congress had pov* tax stock dividends, holding thai dividends are "income" the ?ai if in cash. The sixteenth amend the minority declared, is enough i> Justify tax. Justices Branded and Clark Reserve District No. 5. of Condition of The S NATIONAL BANK i of South Carolina, at the Close of Business Resources. tcludmg rediscounts, 5 and c) . $388,338.5<? 449.27 ,ies owned: rculation (U. S. bonds $ 6,250.00 65,000.00 es and Thrift Stamps 834.00 securities 72,084.00 bank (50 per cent, of subscrip 1,200.00 owned and unincumbered.... 1,639.61 * 1,400.00 than banking house : 7,500.00 ?ral reserve bank 45,154.44 ounts due from national banks.... 185,424.34 the same city or town as ren Item 16) 744.75 15, 16, and 17 .....183,169.09 S. Treasurer and due from U. S. % 312.50 $ <.<* I Liabi litie*. . $ 25*000.00 20,000.00 14,367.64 nterest and taxes paid 1,123.84 13,243.80 ding\ I. i 6,250.00 bank outstanding 2,906.01 and 33 2,906.01 t to ch eck 232,538.93 13.00 - - 4-Uow konlr I ^OUIQ 1 VtlUtl mtiiB e, items 34, 35, 36, 232,551.93 404,295.73 ject to 404,295.73 $704,247.47 1 \ discounts shown above, the amount on which arged at rates in excess of those permitted ;.), exclusive of notes upon which total > was made, was none. The number of such ty of Newberry, ss: - * ? t ??..i ishier of the above named banK, ao soiemniy nt is true to the best of my knowledge and L. W. Bedenbaugh, Cashier, efore me this 9th day of March, 1920. E. W. Werts, Notary Public. jacfcerized the majority view as "narIOURT j rqw" and "biiarre," and said it j would permit many corporations to ^ J escape taxation on a large portion of jwhat "is actually their income." De -ciarauuu ui uiviucituA, >u ui m some other medium, the two justices added,' is "wholly a matter of finanjrpora cjai management," and, therefore, "if n the | a dividend paid in securities reprete "in- sents a distribution of profits, Conot sub- gress may-, of course, tax it as in s, the come." in a 5 The other dissenting . opinion expressed the belief that the word "inral in- come" jn the sixteenth amendment 1 stock sh0uld ^ read in a sense most ob nstitu vjous the common understanding ullified at the time of its adoption. Most peont law | pje 0ther than lawyers, it was added, i rev*- , SUpp0Secj when they voted for it that future j pUt at rest the question of direct F taxes ; taxes, including levies on stock divinancial j (jends. ed and j ^ne^| "The Love . Kiss." I If any local theatre-goer likes ! tuneful music, pretty girls, elaborate !,costumes, wholesale fun, and . deep^ 1 blue Urban skies he mustn't fail to ' see "The Love Kiss'* at the opera house Monday night: She is a '" ! fascinating creature?this **Lovfe 0 \ e? Kiss" girl?not only beautiful to Vrief ' I look upon in the gorgeous surroundle . ? ; ings that Joseph Sheppard has proanyG1f j vided for her, but she has a bubbling \\ i'c j that mantles her lips with to yng ^ ]aUgjjter> ancj light twinkling feet ^ nthat tread tbe boards with a touch as .1011 o ligfo as \yjnd blown eiderdown. One 3, Jus- j00^ at ^er merry face an(j grouches jority, vanj?]1 W. Martin Dresents this _ x,l_ notn* play to an appreciative public. 111 .Un". i Philip Bartholomew has provided the ). ,TT1 j hook unci lyrics, ana caiman, comL^e". | poser >?? "Sari" has written the music. foe in- 5 gyrls are remarkably utions | fo^ching, and their costumes axe :onsti- ; Qf loveliness. Add to this le six- | pepful dancing and you have a ent to ^ouibination that spells success. z divi- j ^ ,e tax" I An English railway is experiment ealize ! jng. a locomotive driven by an h case internal cbmbustion engine using ncome heavy fue] oil, which has hauled : freight trains at a speed of 30 miles ! an hour and passenger trains twice con" i as rapidly. rer to ^ fc such Then you never kirk about, housemc as . hold expenses? ment.,; Nope. broad How's that? T\Tv vr " would tell me to 1 an the i char- honso.?Louisville Courier-Journal. i 1 i THE SWEET POTATO! A MONEY CROP i OF IMPORTANCE ' j ( F. H. Jeter, Soil Improvement Com! mittee. j I ! ' Entering the field in competition "with the other mere firmly established money crops, tJUe southern sweet ! potato is rapidly gaining in popularity as a field crop of first importance. One of the greatest drawbacks to its sue\ cessful establishment has been that no adequate means of curing and storing' had been advised until the last few years. With the successful operation of these potato storage houses, however, the crop can now be marketed successfully. It is probably one ol the most cheaply grown crops of the South and with proper fertilization, the least fertile Jands can be made to produce excellent yields. Statistics show that it is an ordinary accomplishment to grow a crop of from 200 to 400 bushels per acre on most any ' Boil of average fertility wiin proper fertilization; Possibilities As a Money Crop. As to the money income from the crop, it must be said Ithat it compares most favorably with cotton. Statistics show that the average return from an acre of cotton amounts to 67 n^r ncre. while the re nuvut, ^ ? v*w ? ^vturn3 from an acre of potatoes amounts to $134.19. One grower In South Carolina reports to the College that he made a net profit of $1,216.36 on four acres, which la a return orer three hundred dollars per acre. This grower was careful to keep an accurate account of all expenses, including that of curing, marketing and grading his crop, and his experience shows nnqcuhiiities of the sweet potato r as a money crop for the South. In fact, it proves the value of the crop beyond all question. Produces Well On Nearly All Soils. The soil and climatic conditions of the lower South are very favorable to its growth and produce a root much sweeter and richer in nutriment than the harder and more starchy tuber of the more northern states. The po tato makes its best yields in the sandier soils. It will do well on most any soil that is well drained, but if grown on -soils that are too fertile, produces a larger amount of vine at the expense of the potatoes. A light eoil, not too fertile, with a firm 'suborn trivP<1 hpst results. If the sub ? soil is too loose, and not compact, a large proportion of the roots will be stringy and unfii for market purposes. Preparation of the soil is about as for cotton. The land is broken, laid off, the fertilizers applied in the rows and this bedded upon. The ridge is "? ^ f AHIA firmlw 1VO. generally anuweu IU iix uua/ w . lore the slips or vines are planted. Some Leading Varieties. As to varieties, the Nancy Hall seems to be the prime favorite at this time. The Porto Rico and Triumph 1 varieties are also very popular and rank with the Nancy Hall as a good yi&lder and a eiarket favorite. The Southern Queen and Yellow Jersey are two other varieties which have found favor witn some growers. Liberal Fertilization Important. ! The question of fertilizers is, ol course, related to the kind of soil on which the crop is grown. On the whole the crop needs liberal fertilization and responds well to this treatment. The sweet potato needs a complete fertilizer and an application of at least from S00 to 1,000 pounds per acre. Some manure may be applied, " * * - * 1. a ^ i 4. * u ; , but it should do unuer.sioou mat una is an unbalanced plant food, that be: cause of its nitrogen content will dej velop the vine 10 the detriment of tire ! roots if applied in too large quanti' ties. Tlie same thing is true of a ccrnmercial fertilizer mixture having a high nitrogen analysis. The crop needs potash more than do general field cropp. since this element seems to aid in the elaboration of starch iD the roots. It was found, however, that during the shortage of potash, due tc the recent war, that sweet potatoes j would produce well with a less amount of potash than had been previously ^ ? ~lm i. /vr>L? o r IDUUglU Uftra-sai,y. j For best results the crop must have -a good supply of readily available phosphoric acid. A formula containing all three of the necessary elements o" plant food would be, for the coastal plain region, 9 per cent available phosphoric acid, 3 per cent nitroI gen and 4 per cent potash. For the . Piedmont region, a good mixture will ! contain 9 per cent available phos| phoric acid, 2 per cent nitrogen and i 3 per cent potash. Curing Houses Solves Marketing Problem. Curing and storage houses are now going up rapidly all over the South, Some of these are established on the individual farm for the individual crop, but many large houses to store the community crop are also being conI ?tructed. The curing house saves from 95 to 98 per cent of the crop In excellent condition for food as contrasted to, a former loss of from 20 to 100 per cent of the roots under the old system of banking and handling. A storage house may be constructed for about 50 cents a bushel for houses ctf from 500 to 2.500 birhels capacity and for 40 cents per bushel .'or icrc r houses, l^lans for |th?se houres m. y bo oTitat'j^d free c: ih^rge iroa; t\?.e United Stlates Department o~ Ar- l ^.V ture. MxwwwwwTai ,P| Suffer? i fySjk ^ir5- J- A. Cox, of Ai- j j %/jt derson. \V. Va., writes: j "Aly daughter . . . suf- : ; y m icrea icmoiy. sue ccu;a gr xj j net turn in bed ... the m/yM doctors gave her up, and Yj\ we brought her home to wyS \y\ ?ie. S!ie \:zd suffered so ftyfl much at. .. time. Hav- V^A ing heaul cf Carcui, wc Wy4 j vJk got it for her." TjA j uriiiiy vi yt The Wcnao's Tonic y, X/JL "Inafcwday3,EHebe- \/a L/l pin to improve." Mrs. [/J Cox continues, 4*an?1 had L/ r/J. no trouble at .. Cardui / [04 1 cured her, and we sing r/ fyl its praises everywhere." ly l^yJ We receive many thoumrm sands cf siir'lar letters L/J every year, telling of the */J |/j gooa Cardui has done for |/1 r/J women who suffer fron * (04 complaints so common to ' wrA their sex. It should do |>| i NEGLECTING THAT ' COLDJR COUGH?! Why, when Dr. King's New Discovery so promptly checks it r'S natural yon don't want to be careless and let that old cold or j cough drag on or that new attack ! develop seriously. Not when you can pet such a proved successful remedy as I>r. King's New Discovery. Cold, cough, grippe, croup does not resist this standard reliever very long. , Its quality is as high today as it always has been?and it's been growing stradily in popularity for more than . fifty years. 60c. and $1.20 a bottle at all druggists. Give it a trial. Tardy Bowels, Inert Liver They just won't let you put "pep" Into your work or play. Sick headache comes from retaining waste matter and impurities in the body. Feel right for anything?make the liver lively, tfte Doweis iuncuon reguarly, with Dr. King's New Life Pills. Smoothly yet positively they produce results that cleanse the system and nake 'lver and bowels respond to :he demands of a strong, healthyvbody. Still 25c.?at all druggists. Try them anight. Sure Death to Coras "Gets-It" Makes 'Em Lose Theii Grip and Lift Off Painlessly. The first thing 4t*ets-It" does when it lands on a corn or callus is tc snuff out the pain Then it shrivels tht corn or callus and loosens it. Mwliwliliil Spella "Fimlah** for Conu . Soon, it is almost ready to fall off. You help it just a little by lift, ing it off -twixt thumb and finger, i You don't even feel it, because there is no hurt left in it Millions have proved it the cleanest, surest, i safest and most pleasant method. "Gets-It," the never failing, guaranteed money-back corn remover costs but a trifle at any drug store, j Mf'd by ?. Lawrence A Co.. Chicago. Sold in Newberry and recommended as the world's best corn remedy by W. G. Mayes.* ESTATE NOTICE. j ' f All persons holding claims against the estate of Robert McC. Holmes, deceased, will present same duly attested to my Attorneys, Messrs. Hunt, Hunt & Hunter, Newberry, S. C., on or before April 1st, 1920. Mary Butler Fant Holmes, Adminstr,?+r^' ' r. - phonal estate of 7! >W ' v >nes, deceased. I' rcli ? -s /' " i <G?T HEADY ! FOR "FLU" * ;? When its cur- a -s down and its waters jj ,-Diluted, the stream & -?r the shores of J h the land of To purify the! - the liver, ke^p; | I kidneys acting] 5 <. ; an old doctor's I ? -i use for 67 I tho TTT A fTTTIR 1 I? Chattanooga, K our drug: store. family. :'S LIVCH an& ! me when ercry1 consider it an " for const ipstiao, . .uses and li'Ious* -i..* ?.>wn, Term. liisSr . Million Packets Of Flower 8eed Free We believe in flowers around tiu homes of the South. Flowers brighter up the home surroundings and ffo pleasure and satisfaction to those wh< have them. We have set aside more than one million packets of eeed of beautiful yet easily grown flowers to be giver to our customers this spring for th< beautifying of their homes. Hastings' 1920 Seed Catalogue i: now ready. Brilliant cover in hatura colors. 100 pages of garden and farn information, profusely illustrated. It' the oae worth while seed book fo southern gardeners and farmers. Thi catalogue is absolutely free to you oi request Your name and address oi a postal card or in letter, will bring i to you by return mail. This 1920 Catalogue will show yoi just how you can get five packets o flower seeds (five different sorts) al solutely free of cost this spring. Sen for this catalogue today without fii i^O UUiigdUUU IU UUJ ouj uiiug uuiva you want to. H. G. HASTINGS CO Seedsmen, Atlanta, Gau?(Advt) Subscribe to The Herald and New! $2.00 a year. i If You He Anybi I' about coffee price tell them to quit c j Instai ? I A ten days' trial please, and with g is no loss of pleasu wonderful table fill, economical, del m in price, "There's; r^Owe^M^Life^ | *Mr. McKinley's letter | brings clieer to all who I may be sufferers as he | was. Read it: I "I can honestly say that I owe 5 ?~-rr Hf? Pprnr.*. A fte-T some of ithe best d: 'ors in the country gave me u and told ttk T could not live ;nother^ month P^rnna c>av*?? rr e. Trav fro; town to io>vn, throughout the country and having to ..o into all 1:;r.aa of badly heated stores and b : Iingf. srr? ?< s standirs* tor .houis at a cxme r/hijc y.'; j .? ;vt trade as auction err, v <-^'v natural thrt I *?-vl v< f qse^tlr; ro Tvhon occur I p&ia littio un . ^ iuntil last iteccmoer . .. . attracted a severe cao-.-, rhicV, throurh neglect /.:y "a t settled on rr.y luntr^ r. Biort ><> T-<te. ? *?p * '? .v ?- * />?.< ' a ?- * - V " - i. . . . . J i , j j Keep Your Liver Active, Your System Purified and Free From f!n1rls hv Talrinior Calotabs. the Nausealess Calomel Tablets, that are Dei lightful, Safe and Sure. . Physicians and Druggists are advising their friends to keep their systems purified and the'' organs in perfectworking order * rotection against, the return of ~ a. They know th^t a clogged up -r am and a lazy liver favor cold ii jenza and seriou? complications. To cut short a cold overnight and to>. present serious complications take on<* Calotab at bedtime with a swallow of water?that's all. No salts, no nausea,, no griping, no sickening after effects. Next morning your toid has vanished, your liver is active, your system ij pun /led and refreshed and you are feeling, fino -ith a hearty appetite for breakf s Sat what you please?no danger.. Ca oLabs &re sold only in original scaled packages, price thirty-five cents. Every druggist is authorized to refund your money if yon are not perfectly ieli^htcd v/ith Calotabs.?(Adv.) Stomach 1 Out of Fix? A . . , 'Phone your grocer or druggist for a dozen bottlesof this delicious digestant,?a glass 1 with meals gives delightful relief, or ' no chargft for the first dozen used.! ShivarAle wibf niGESTIVE AR0MAT1CS WITH J SHIVAR"MINERAL WATER AND GINGER. Nothing like it for renovating oI<T ^ worn-out stomach converting food J into rich blood and sound flesh. 3 j Bottled and guaranteed by the celer brated Shivar Mineral Spring, Shels ton, S. C If your regular dealer q cannot supply you telephone Jj . J. w. KIBLIitt tu., Distributors for Newbeiry* a [ 'Rheumatism *1 is completely washed out cf the system bj the celebrated Shivar Mineral Water. ?os - itively guaranteed by money-back offer j. Tastes fine: costs a trifle. Deh'vered anywhere by our Newb^rrv Agents, J. TfU Kibler Co. rho:-> \ . ar I odv Talking I :s or coffee troubles, \ offee and try < i v I . S I It ostutri r shows results that j ain in comfort there re. drink, pure, health- j licious! No advance a Reason" Co., Battle Creek, Mich. . jj jgPE-RU-NAl i feed lili i ? ifH; ^ RIS f ? 7~?. Srsnml McKfnley, 2504 33. 5 ?C.id St, Kansas Ciiy, Mo., Mem- : b*r of the Societrof "U^S. Jewelry }. a u.nioneers. T-"w ?Trfeore# ^ or J-^ iu'.d^yorat