The dispatch-news. [volume] (Lexington, S.C.) 1919-2001, November 26, 1919, PART I 10 PAGES, Image 8
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COTTON ASSOCU
IN COLUMBIA
Columbia, Nov. 23.?The formation
of a banking and export corporation
in South Carolina wilf be discussed
at the annual convention of
the South Carolina Cotton Association
in this city on December 2. The proposed
corporation would be similar to
one that has already been formed in
Georgia, with Governor Dorsey at its
head, and with a capital of two and
one half million dollars.
w ?
Many other matters of importance
will be discussed at the meeting: says
tS.e statement issued by J. Skottowe
Wannamaker, president of the association.
today. The meeting will be
held at Craven Hall and will be called
order at 10 o'clock, a. m.
"Some of the best speakers of the
country," said Mr. Wannamaker,
"will address the meeting on questions
of vital importance to the
South; among those to speak are Cplonei
Karvie Jordan, one of the
foremost experts on cotton in the
Sputh. He has made a life study of the
question and visited every cotton coa?
suoaSng country in the world. Colonel
"Thomas J. Shackleford, a prominent
lawyer and farmer of Georgia, will
. also speak. Colonel Shackelford is
giving untiringlw of his time and services
to the work of the association,
realizing the tremendous benefit that
it will bring to the entire South. Hon.
?
. D. Shuford Murph. head of the Fed:
era! Wareht use System. Governor
R. A. Cooper, of South Carolina, J. S.
Wannamaker. president of the association
and others will be among the
speakers for the occasion.
"The first order of business will be j
the permanent organization of the association,
the election of officers including
president, first and second
vice-presidents, secretary and treasurer,
board of directors of the na1680
r7-"" REPORT OF TH]
The Carolina I
at Columbia in the State of South
Novemb
RESOU
Loans and discounts,
(x)Total loans
Customer'' liability aceount of *'accept
bank and by other banks for account o
standing
U. S. Government securities owned:
Deposited to secure circulation (U. S.
Pledged as collateral for State or other
payable
Owned and unpledged .
War savings certificates and thrift si
owned____.
Total U. S. Government securities....
Other bonds, securities, etc
Securities, other than U. S. bonds ( not i
owned and unpledged
Total bonds, securities, etc.. other th
Sftnnlr of Federal Reserve Bank (50 per
Value of banking house
Furniture and fixture*
Real Estate owned other than banking
Lawful reserve w?th fedcral reserve ba
Items wi*h federal reserveb'ink ia proc<
able as reserve
Cash in vault and net amount* due from
Net amount doe from banks, bankers a
than included above ___
Exchanges for clearing house
Total of items above
Checks on bark* located outside of city
i ing bank and oiher cash items
Redemption fund with United States
' S. treasurer
Total
LIABII
Capital stock paid in .
Surplus fond #
Undivided profits,.
Less current expenses, interest, and ta?
Interest and discount collected or credit*
maturity and not earned [approximate
Amount reserved for taxes accrued
Circulating notes outstanding
Net amounts due to national banks
Net amount due to banks and bankers
panies (other than included above)
Certified checks outstanding
Cashier's checks on own bank outstand
Total of items above
Demand deposits (other than bank d<
to reserve (deposits payable within 30<
Individual deposits subject to check
Certificates of deposits due in less thar
than for moDey borrowed)
Dividends unpaid
Total demand deposits (other than
subject to reserve
Time Deposit*, subject to reserve, paya
or subject to 30 days or more notice anc
Other time deposits
Total of time deposits subject to reser
Bills payable, with federal reserve bank
Acceptances executed by this bank for <
Total
Total
(x)Of the total loans and discounts sh<
and discount was charged at rates in ex<
rev, stat.), exclusive?of notes upon whi
was made, was none. The number of s
State of Sooth OHmliuar-Coaaty of Ri(
I, Joseph M. Bell, Calhier of the at
tho fthove statement is true to the
V1TW% vv/
I Subscribed and sworn to before me th
f Oorrecfc?Attest:
IRADELL JONES. Jr. ^
^ R. S. DESPORTES.
ROBT. MOORMAN.
Directors.
ITION MEETS
ON DECEMBER 2
jtional association and executive comj
mitteemen.
! "This meeting- is for the specific
purpose of transacting- concrete business
and there is no question but tl\at
matters that will effect the policy of
the state, not only for today but for
the future will be put into effect and
force. While the South Carolina
Warehouse act has served a great purpose,
still to meet present conditions
it is absolutely necessary to make certain
changes concerning the ware"housing
of cotton, it being realized
that unless this is dene the warehouse
system now being operated throughout
the South by interests met with
the hearty approval of the farmers
and merchants, bankers and business
men, not only throughout the state
but throughout the entire cotton belt.
It is absolutely necessary for the producer
to not only warehouse his cotton
nnrt finance it while in the ware
house, but to go one step further,
market his cotton and finance it until
it reaches the consumer. Several plans
that will complete the chain have b/en
worked out. These plans have been
submitted to. the b^st posted farmers,
merchants, business and professional
men throughout the South and have
met their unanimous approval, it being
the consensus of opinion that it will
make a complete change in the handling
of cotton and will prove of untold
benefit to the producer and the entire
South. It will remove the unnecessary
middleman*put the producer in
direct touch with the consumer and
the manufacturer both at home, in
New England and abroad. This
Banking and Export Corporation
solves the problem. As a result of the
steps taken at this meeting the South
will warehouse, market and finance its
own cotton.
Reserve District No. 5
S CONDITION OF
National Bank,
Carolina, at the close of business
er, 17, 1919.
RCES.
$ 2,201,958 17
" $ 2,201,958 17
$ 2,201,95817
ances" executed by this
f this bank and now out
$129,000 00
129,000 00
bonds par value) $200,000 00
deposits or bills
200,000 00
274,400 00
tamps actually
355 65
$ 674,755 65?674,755 65
ncludeing stocks]
$ 31,675 00
an U,S 31,675 00 31,675 0C
cent, of subscription) 12,000 0C
175,000 00 175,000 0C
5,350 0C
house 18,959 61
nk ' 168,554 02
?ss of collection, not avail
17,868 &
i national banks 498,645 37
trd trust companies other
17.098 84
70,378 0C
:... $603,990 59 '
or town of report
6,495 46
treasurer and due from U.
10,000 0C
' $4,037,738 51
JTIE8.
' $ 300,000.06
100,000 06
$ 132.851 24
ces paid 58,606 76
74,244 43
?d, in advance of
s) 20,000 06
13,000 06
.'.... 191,100 06
41,486 86
and trust com
17,614 43
630 61
ing 4,796 8c
$ 64,528 69
eposits) subject
lays):
1,205.790 04
i 30 days (other
2,292 06
128 06
bank deposits)
$1,208,210 04
ble after 30 days,
1 postal savings:
1,737,655 36
>ve $1,737,655 30
: 200,000 06
customers 129,000 00
$ 129,000,00 129,000 06
$ 4,037,738 51
)wn above, the amount on which interest
:ess of those permitted by law [sec 5197
ch total charge not to exceed 50 cents
mch loans was none.
;hland (as):
>ove-named bank, do solemnly swear
best of nv knowledge and belief,
JOSEPH M. BELL, Cashier,
is 22d davof November, 1919.
THEO. A. BELL,
Notary Public for S. C.
f
"The Banking and Export Corporation
will receive the heartiest support
and co-operation and the farmers,
merchants, bankers, business and professional
men have declared whole
heartedly for it. Leading bankers
throughout the South to whom these
plans have been submitted are sup
porting it and urging the speedy completion
of the necessary corporation
for carrying the plan into effect. A
similar organization has already been
formed in Georgia with a capital of
$2,500,000. There is no question but
that one will be established in every
State in the cotton belt, thus completing
the chain in the entire cotton belt.
"As a result of all this work there
is no question but that cotton will
never again sell below the cost of production;
tht there will be a tremendous
saving on the economic mannerin
which cotton has been handled
heretofore.
"Reports received at headquarters
show that this probably will be the
most largely attended meeting ever
held in the state. The various counties
are showing considerable rivalry
in working up their delegations in an
effort to lead the ist in representa- I
firm 1
Bring your job work to the Dispatch-News
office.
I
A I
Starts H
To appreciate thii
handled by this mode
regular stock, which i
season, FURTHERS
reductions are made i
present season. The
i
When we tell you
higher than the retaii
you will understand r
The only reason 1
weather, and must m
i
Note these splem
i choicest things are sc
>
I (OATS REI)l'<
21 Coats formerly $20,
19 Coats, up to $4 0. pons
4 8 Coats, up to $50, no
42 Coats, up to $69.50.
81 Coats, up to $80.00,
29 Coats, up to $100, n
' 12 Coots up to $150. no
SOTS RKDUC
| 20 Suits, formerly $50,
27 Suits, up to $65, now
| 82 Suits, up to $80, now
I 79 Suits, up to $95, nov.
> 27 Suits, up to $125, no
2 7 Suits, up to $175, n
\
In addition to the ao
; 20 very tine
?
[
I The sale star'
vember 28th.
, necessary, will
1 sent on approve
It will pay e\
ing days of this
We espec
I!
MORE COTTON' GINNED
THIS YEAR THAN LAST
Director Sam. L. Rogers, of the Bureau
of the Census, Department ' of
Commerce, announces the preliminary
report on cotton ginned by counties in
South Carolia, for the crops of 1919
and 1918. The report was made
public for the sfate at 10 a. m. Sat
urday November ?, iyiy.
(Quantities are in running: bales,
counting: round as half bales. Winters
are ot included.)
County 1919 191S
The State 1,055,1:10 - 974,036
Abbeville 18,684 14,538
Aiken 33,417 37,653
Allendale 16,947
Anderson 58,230 4*,172
Bamberg- 21,840 25,847
Barnwell 26,739 50,369
Beaufort 1,555 5,068
Berkeley 6,955 9,087
Calhoun 27,026 28,462
Charleston 3,84 3 5,719
Cherokee 11,401 8,468.
Chester 21,831 18,471
Chesterfield 23,386 22,267
Clarendon 32,597 26,953
Colleton 10,302 16.428
Darlington 31,591 27,221
Dillon 31,725 23,270
Dorchester 12,006 13,620
Edgefield ? 18,729 21,556
i
)
<; m i
U If A
Columbia's 9
APPARE
1619 Main St:
(educed
&
That will interest
woman in So
ere Next'
3 announcement you must realize
rn style specialty store, and you r
includes the most fdshionable app
IORE, you must know that this is
:rom former selling prices at whit
reductions are GENUINE REI
i frankly that we are now purchai
I prices quoted here, you will real
nore fully the investment opportu
er this sale lies in the fact that v
ove the merchandise AT ONCE, <
lid values and hasten to take ac
>ld.
ED ITR Tit J \!
now ..$19.50
Being: model sui
r $32.50 . , ?
by such nationals
w $41.00
as Elickson. Mich;
now. . .$51.50
These suits are *r
now. . .$59.50 . . ,
tinetive materials
OW... .$81.50 1 e f
rich Curs of the \
w . . .S110.00 o . ,
Pru-ed originally t
'ED $275.00.
SSOO.OO a
now-. . .$39.o0 HALF PRICE.
r $.-,0.00
' $59.50 DRESSES
r $69.50
w $85.00 Dresses, former
ow. .$115.00 1 9 Dresses, up to
ove w<-? offer 25 Dresses, up to
52 Dresses, up to
ts with the opening
T~X I 1
by reason 01 tne .
be charged for extr
il or C. 0. D.
rery woman to com*
; sale.
dally invite the visit
advantage of thes<
Fairfield 15,323 15,631
Florence 31,995 23,185
Georgetown. 2,844 2,982
Greenville 32,707 22,222
Greenwood 26,017 23,139
Hampton 9,222 18,330
Horry 5,466 3,955
Jasper 1,685 4,641
Kershaw 23,806 21,4c.y
Lancaster 15,217 13,800
Laurens 35,624 26,304
Lee 33.37S 29,321
Lexington 20,356 25,293
McCormick 12,835 11,225
Marion 13,776 10,802
Marlboro 54,697 46,597
Newberry 23,441 24,804
Oconee 15.537 14,110
Orangeburg 70,312 63,191
Pickens 14,953 11,204
Rifchland 20,440 17,944
Saluda 18.491 20,158
Spartanburg 49,512 39,268
Sumter 36,698 35,746
Union lf.400 11,367
Williamsburg 19,293 19,250
York 30,301 21,908
FOR THE CHILDREN
Toy War Rubber Balloons, air ship
designs, different colors, with self
closing valves. 5c value 2 for 6c at
the Big One Cent Sale, November 27,
2S and 29.
HARMON DRUG CO..
The REXAL/L Store.
rH's
/lost Modern
L SHOP
Columbja, S. C.
Price i
every well dressed
iuth Carolina
Friday, N(
the high character of Suits, <
nust know that ail merchandise
arel for women shown in Columb
i strictly a ONE PRICE TO ALL
:h these goods have actually beer
HJCTIONS.
sing new goods for Spring at wh(
ize that there has been no decline
nity this sale offers.
;e find ourselves overstocked on
even at a financial loss.
Ivatage of them before stocks
OfED SI'ITS CO Dresses, i
And twe
its and adaptations Dressy inc
- famous designers
ue!. Milgrim, etc. 4;. fme [>res
idividual and dis- now
and trimmed in 1(, nr_
eiy highest grade.
it $225.00. $250.00. "V"
nd $350.CO. SOW $5.00 to S:
F
REDUCT!) Your choi
exclusive wc
ly .$23. now .$21.50 son's mosl
$38.00, row $27.50 models and
$50.00. now.$41.50 OXE-QUAR"
$63, now. .. .$51.50 reasonable s
of our store Friday
reduced prices, alt
a and no goods can
3 to Columbia to atl
ting school teacher*
; splendid sayings.
IB in ii miiii i jinil \ *h mm iiii wiiFB?i?i
?
MTDIH2E BLACK CREEK NEWS
The health of our community is
fairly good at this writing.
Mr. R. W. Gunter, we are glad to
say, is able to be out again."
The new Methodist preacher of the
Gilbert circuit was given a sound
pounding last week. Welcome Bro.
Johnson.
H. A. and Mrs. Howard. visited
{their son C. C. Howard last Sunday,
j Mr. Thompson Rish on route 2 out
j from Swansea, visited relatives here
j last Sunday.
Mr. Huchie Taylor, and family formerly
of New Brookland, have moved
in the Pondi'Branch section where
they will make their future home.
Mr. Morgan Kyzer. is the happiest
man on Black Creek at present as
another little dishwasher is hoarding
at his house.
| Last Sunday a week (Nov. 16th.)
I 1
while Mr. Vance Kyzer and family
were returning home from a visit his
mule took fright at a calf and dashed
1
abruptly to one side, then pitched
forward, throwing ^11 of the occupants
(except Mr. Kyzer) off of their seats,
;a little girl and the three months old ?
i
j babe falling out of the wagon. The
j little girl was uninjured, while the
[ baby was instantly killed. The beI
reaved parents have our sympathy.
| November 2??, 1919.
I
>
J ?
Sale
j
>v. 28th I
Coats, Presses, Etc., i
offered is from our "I
ia during the present
store and that our |
i marked during the |
desale prices that are
? in the market 'and ;
account of the mild |
* A !
are broken and the j
'
up to $70 50, now. .$61.50 ?
> assortments, of fine j
lading evening- and din- i
very exclusive in style. I
ses, formerly up to |100, i
$79.50
ses, former'" up to $135.
. $98.50
25.00 RJX>USES?ONE- I \
OIRTH OFF 2
ce of the entire stock of
lists, including the sea- 11
: desirable materials. ||
colorings, now offered at ?
rBR OFF the original I
elling prices . ?
r morning. No- I
:erations, when
be laid aside,
tend the open
> to take
< i
/
\