Historical Newspapers of South Carolina

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GREAT MONEY CROP IN IE MAKING Some real progress has been made by a few enthusiasts in having cur .ing and storage houses built in the Southern States in which to save the delicious, sugary Nancy Hall and Por to Rico sweet potatoes, for the late winter and early spring markets. Sweet potato storage is no longer an experiment, it is a decided success. It not only saves most of the potatoes processed, but improves the eating quality of the potatoes, and they can be kept for several months longer than can those potatoes placed in earthen banks for keeping; and after removal from the storage house they can be transported in good condition for long distances, if necessary. Some experimental shipments have been successfully made to London, England and to Honolulu, Hawaiian Islands. Much more progress has been made in saving sweet potatoes than in marketing those saved, as most of the agencies interested in marketnig the potatoes have somewhat naturally looked to the great market centers of New York, Philadelphia and Balti more for a market. But these den sely populated places and those cities and towns in the surrounding country are well supplied with dry potatoes, known as the Jersey variety, which .are largely grown in New .Jersey, Delaware, Maryland, Pennsylvania, West Virginia, Eastern Shore Vir ginia and extreme Northeast North Carolina. In the cities mentioned above, the Carolinas and the other Southeri States producing the moist varieties of sweet potatoes, will for some years to come, have great difficulty in even getting a chance to eompete with the present popular Jersey potato, (Pop ular with the dealer who has his con nections already formed, and also with these consumers who are un familiar with a better potato) but, eventually, the Nancy Hall and Por to Rico will not only gain favor, but will, I believe, capture these markets, as quality will tell in the long run. In the meantime, what are we go ing to do? Are we going to stop the building of storage houses which are saving a fearful economic waste? Are we going to let these potatoes already stored rot in the houses as we have permitted the crop for years to rot in earthen banks? Does the South need new money crops to fill the gap, AU' NO Notice is hereby givt cash on ThurIsday, March dilse of Reubin Gordin & I Greeleyville, S. C. This red Twenty-one Dollars ventory and is appraised Ninety-Seven Cents ($1,2 Also on Thursday, l\ chandIise of Reubin Gordi Sumnmerton, S. C. This s HlundredI Fifty-Three D< tory andl is appraised at and Seventy-nine cents ( Under order of the 4 bid amounts to the apprE may be had by applying i L. C. P due to losses caused by the cotton be weevil? I know we are going to contin building houses, and I believe we cs find a market for all storage-hous potatoes in Southern cities, towns an hamlets, and in the great Wester country now only partially supplic with sweet potatoes. By keeping pc tatoes on the local markets almos every month in the year we should 1 able to double the consumption of thi splendid, staple article of food. When the present condition of thi new industry is brought to the at tention of Chambers of Commerc and Boards of Trade in the cities an towns, and to the attention of bank ers and store-keepers in those place not having business organizations, feel that the produce dealers and gr< cers will be called into conference i each community, and that Rotary an Kiwanis Clubs will lend their valt able aid, not only by eating and tallk ing sweet potatoes, but in seein. that dealers in their towns kee them on sale as long as they can b had. And last, but by no means leas the Home Economic Divisions in th several States and Womens Club can largely contribute to the accon plishment so much needed and s much to be desired, the making of money crop out of the Souther Sweet Potato. The crop is valued on the farms i the Southern States, according to U S. Department of Agriculture figure for 1921 at seventy four million dol lars, but this means little, for 60 pe cent. or more of this crop-value rot in earthen banks. Some part of th crop is saved by feeding to livestocl but most of it is lost after being mad and harvested. Only a small part o the crop actually reaches the marke and brings wealth to the farms fo later circulation in all avanues o trade. We can corret this, and we cai make this delicious Southern produc a money-crop, if you will help. Pu your back under the load, and lets go .JEWISH RELIEF CAMPAIGN NOW ON IN CLARENDOT Charleston, Feb. 21.-The advisor; board of the South Carolina Jewisl Relief Committee, consisting princi pally of the Jewish Rabbis of th( State, has addressed a letter to al clergymen of the State asking then to appeal to their congregations t( contribute toward the fund beini raised in the State for relief o ,ION S TICE OF SA n that I will offer for sale t 2nd., 1922 at 12 o'clock all< so., no0w in their place of bu5 stock of goods amounts to 4 md Twenty-Nine Cents ($1 at One Thousand Two Hun 15.97). larch 2nd., 1922 at 4 o'clocl, n & Co., now in their place tock of goods amounts to' >llar's and five cents ($3,751 Two Thousand Eigh~t Hlund Iourt a private sale will nol1 ised value. The inventories EEPLES, Tre Charli 11 Jewish war sufferers in Europe. The letter follows: e "Never in the history of suffering n humanity has such a heart-rendering e cry reached our ears as that. of the d unfortunate Jewish victims. The un n speakable horrors and untold crimes d perpetrated against them in Russia, Polland, Hungary, and other Euro t pean lands make one's hair stand on e end. More than a million men, wo s men and children have been done to death in the Ukraine alone, and of s those who still survive we may say with a reliable eye-witness that if the e ten plagues of Egypt were multiplied d tenfold they would not begin to meas - ure the misfortunes that shave over s whelmed them. I "To save alive those who have not - yet perished from hunger, exposure n and disease, and to take care of the a hundreds of thousands of the helpless - and homeless orphans, it is necessary - to raise a minimum of $14,000,000. The Jews of America are. doing their P utmost to come to the rescue of their unfortunate co-religionists across the t Atlantic. But the need is so great e that they find themselves compelled S to appeal to those who are not of - their faith. May we therefore ask 3 you to appeal from your pulpit to the charitable and generous of your i congregation to join us in this act of humanity, and help us save men, wo men and children from perishing? Will you not ask them to come for ward with their bounty and send us - in their contribution before it be' too e late?" NEW BANK ACT IS LAW NOW Columbia, Feb. 20.-The act prohi biting any person in the State circu lation false reports with ititent to injure atii atiking institution in South Carolina, has been a law since February 3, when it was approved by Governor Cooper. The act carries a penalty of from $100 to $5000 in fines or imprisonment of one year, or both, in the discretion of the trial judge. The South Carolina Banker's Asso ciation will offer a liberal reward for the conviction of any person uttering or circulating such reports. "That any person who shall falsely and wilfully and with intent to in - jure," says the act, "circulate any re port, or make any false statement as I to the assets or liabilities of any bank in South Carolina, or to its sol vency or ability to meet its obliga e tions, or as to its soundness; or who E shall make any other false statement, AILE! EL a the highest bidder for f the stock of merchan ;iness on Main Street, )ne Thousand Six Hund 621.29) as shown by in dlred Fifteen Dollars and all of the stock of mer of business on Main St., Phree Thousand Seven .05) as shown by inven red and Fourteen D~ollars be confirmed unless the and inspection of stocks Lstee, aston, S. C. maamaa s e a calculated to effect the credit or standing-of said bank, or to, cast sus picion upon its solveny, soundness or ability to meet its reposits or other obligations 'in due course, shall be deemed guilty of a misdemeanor and ,lpon co'nviction thereof shall be fined np less than one hundred ($100.00) Dollars, nor more than five hundred '$500.00) Dollars, or be imprisoned for not more than on6 year, or both, in the discretion of the Court." DEFENDS YOUNG WOMAN Boston, Feb. 13.-James A. Dun can, of Columbia, S. C., admitted on the witness stand in the Su perior Court today that he had drawn a jack knife from his pocket and raised it against David K. Blair, a negro policeman on the night of May 8 last. He asserted that hp did it to brotect a young woman who was with him in a doorway in the South end and who has since become his wife. Duncan a graduate student at Har vard Uniyersity, is on trial for as sault with a dangerous weapon on Blair. Blair asserted that when .he told the couple to move from the doorway Duncan called him a "nig ger" and drew the knife on him. HOW WALL STREET MILKED ONE RAILROAD (Continued.from page three) Now let us note the result. Outwardly the Katy was growing. Gross earnings were larger from year to year. But down at the core, dis copnts, banking commissions and in terest were eating up the surplus ear nings. Railway lines acquired, on which the Katy had been corppelled to guarantee mortgage bonds, principal and interest, created annual deficits in growing volumes; the short-.m loans behind which, by this time, there was scarcely any equity, were a grow ing burden that could not possibly be met. And these men knew it. In the year 1914, the president of the trust company, and the partner of the alien banker quietly resigned from the directorate of the Missouri, Kansas & Texas Railroad. Such de partures are usually mentioned in a company's annual report. In this in stance no announcement was made that these men had left the board. Financiers Get Out From Under An old ship captain whose vessel was interned in South America, once told me a sailor's yarn of how the big tropical rats had devoured his cargo and how, after they had clean ed out the hold, they gnawed a hole in the ship's bottom and sank her be fore they escaped. Naturally, financiers of such prom inence could not be asked to face the gathering storm. It would never do to compromise the modern system of "financiering" by letting a pair of its leading men remain on the board of the Katy in case the road defaulted. The $19,000,000 notes of the Katy Railroad were due in May 1915. They could not be met. In September, 1915, the Missouri, Kansas & Texas railroad thundered into bankruptcy, with a funded debt of more than $173. 000,000, and total obligations in a far greater amount. Now why, in this emergent. did not the Jewish banker, and the presi dent of the trust company come for ward with the immense resources of their institutions to relieve the needs of the Katy? They had authorized the successive financial operations that led tp the $19,000,000 note issue, which had wrecked the road. And they had profited immensely by them. They knew that intrinsically, the Katy was a solvent property. In spite of that, the Katy wits deliberately doom 3d to b)ankruptcy. More than a scor'e of "protective comimittees" wvere immediately or ganiz'edl in Wall St reet to "guard the interests" of t' unfortunate security holders. For Wall Street thrives on receiverships. Large sums are made through the reorgan itation of bank rupt propeirties. Yet these twvo men were bankers of' vast experience. fTe president of the trust compa~iny possessed knowledge second to no ma 'ni the reorganiza tion of bankrupt corporations. For yeairs lie had been the most striking figu re in the "pr'otective committees" tmd "reorganization committees" ad vertised in the financial columns of thme newspapers. He had that quality knowvn as personality, was large and rgcnial, andi~ was never' known to enter rtis impressive offices in WVall Street without wearing a nosegay in his buttonhole. Hei had reason 'to have son fidence in his judgment. Through his management, he earned from 50 to 60 per cent dividends annually up m his company's stock. That stock, which had a pitt value of $100 a shaire sold in the neighborhood of $1,150 a chatre. At Christmas time, the indul genit directors, among whom was his r'ailroadc associate, the Jewvish banker, weire accustomed to present him wvith a bonus of $50,000 ini addition to his generous salary, as a token of their app~reciattion of his eff'orts in making money for them. The head of the alien international banking house, which financed the Katy, is a small man, who may be seen daily walking dlown Broad street to the Midday Luncheon Club, wear ing a tall silk hant and frock coat to disguise his short stature. He is physically frail, and quite probably that is the origin of his unfortunate temperament, which has madec him unpopular in the Street. The finan cial district has often been enlivened with stories of his quarrels with his own partners. As a matter of fact the German partner who represented him on the Katy board soon after left again for' Germany to become head of the National Bank of Berlin, because he could not get on with his associate. Small as may be this Jewish bank cr's physique, he Is endowed with a comprehensive brain. I met him on the clay of the San Francisco earth quake, and of all the men I aw in Wall Street on that eventful day, he was the one who meat ably foresaw the cruel outcome of that catastrophe which was one of the prime causes o> the panic of 1907 'by reason of the wholesale destruction of real values. It is a pity that his abilities and use ful knowledge are not devoted to the advantage of the country. For could not this discerning banker. have foreseen the coming tragedy of the Katy? Plight of Investors Is Pitiful The Katy Railroad is small compar eu with the great trunk lines of the country. The profits made from the "financing" of this road was merely a piker's game for Wall Street. Phere is no intention to sit ih judgment up on the men who managed it, for, after all, they were 'merely following out the traditions of their caling. The average American business man could iAR U This new 4 sugar-coated gum delights young and old. . It "melts in your mouth" and the gi center remains to ai brighten teeth and sc and throat. There are the other friends to choose fror . . C Speakin Yc Have You Too Much I Of course not Put your stur and it will ear Then in the< will reap the early thrift. ( This is a bank the the people it does] Are you one of th, Home Bank CHARLTON Dui T. M. WELLS, 4 unc mu y uruary.oj'lJw have kept this property solvent. The only conclusion to be arrived at is that Wall Street financiers are bad' business men. Their absence of a sense of responsibility toward the security-holders whom they represent is one of their most remarkable traits. As I write this, there lie on the desk beside me hundreds of letters from investors in the stock of the Missouri, Kansas & Texas Railroad. MTany of these missives are heartrend ing. The plant of most of'the writers is that they are in no position to pay Th the heavy assessment demanded by the two other Jewish banking houses which have advanced the plan for the. reorganization of the Katy. These people had bought their se curities, trusting in the faith of Wall. Street. That faith has not been kept. -Dearborn Independent. LETS 1 aim in the d digestion, othe mouth WRIGLEY n, too: 28 g to 'U! V1oney ? .You need more. plus in this bank n more. lecline of life you rewards of early' some in today. it believes in business with. :&iTrust Co. RANT, President lashier.