Sillutt Ijcvalii
Sl'ifeMJUlPTlO.N - 92.50 Per Yr.
Dillon, S. May 12, 1021.
The announcement that the "worst
is over" will be welcome newt to
many Dillon county folk who have
been groping in the dark since early
last rail. In the last 30 days there has
been a decided improvement in local
conditions; money is getting easier
and bank deposits, which have shown
a steady decrease for the Past six
months, are increasing. The general
business tone is stronger, confidence
is returning and money is beginning
to clrouiate more freely. This change
of conditions is not peculiar to Dillon
county. It is manifesting itself all
over the country, and boars out the
prediction made some months ago by
President Harding, of the Federal
Reserve Board, that the pendulum
would swing the other way in the
early spring. An analysis of the bank
statements as printed in the various
state papers coming into The Heraln
office reveals a decided improvement
in the condition of the banks
throughout the state, as compared
with the statements printed under
thc call of December 31, 1920. In
many instances loans and discounts
have decreased, deposits have increased
and "cash on hand and due
ov oanKs," wnicn declined to a very
rarrow margin in the December call,
shows a substantial gain. The bank
is the barometer of business, and the
showing made under the call of April
28th is good evidence that the country
has weathered the storm and is
on the roud to recovery.
Whon a man lo^es his nerve he is
"down and out," and as nations are
made wp of men they, too, are down
and out when they lose their nerve.
I.oss of nerve is followed by lack of
commence, ana lack of confidence is
responsible for panics which are followed
by industrial depression and
business stagnation. Last fall when
commodity prices took a slump the
nation lost its nerve. The people were
locking for better times and when
the reaction set in it took them so
completely by surprise they floundered
about In a bewildered and dam
founded sort of manner. With the
loss of nerve there followed lack ol
confidence, and before the business
world realized it we were on the
verge of a panic. In another column
is printed a clipping from "Views and
Interviews" of the Yorkville Enquirer
which tells the story in simple
language. The old darky had lost
his nerve and his confidence in his
bank wavered. He drew out his savings
which he kept at home and
when the expected didn't happen his
confidence in his bank was restored.
The old darkey's case is typical of
thousands of cases throughout the
United States. Millions of dollars
were drawn out of the banks and
every dollar that came out and went
into hiding added fuel to the flame.
Thousands of dollars were drawn out
of Dillon county banks, and now that
confidence has been restored they are
finding their way back. Lack of confidence
in banks is due to a lack of
knowledge of the banking laws. Even
when limes are panicky it is not only
good judgment but the part of wisdom
to keep your money in the
banks. Depositors are preferred creditors.
If a bank fails the depositors
are paid first. If there is not sufficient
money on hand to pay the depositors
the capital stock is exhausted.
If the capital stock is not sufficient
the resources of the bank are
turned into cash and the proceeds
tilllli
m._ vvivy^/v/mcui o. All &UQHIOQ j
to these resources which can be
drawn on to pay depositors the direc-!
tors are liable for double the amount
of stock they own, and as a rule the
directors own a majority of the
stock. Under present banking laws
there is not one chance out a thousand
for the depositors to lose in the
event of a bank failure.
CHARIXXPTE'S BIG IDEA.
A company has been organized in
Charlotte. There is nothing unusual
about organizing a company, but
there is something unusual about
this company. It is developing a new
field- It is a company with a capital
of $100,000, and its purpose is to
hold a "Made in the Carolinas Exposition"
and show the people of the
two states 2,000 made-at-home articles,
many of which are being purchased
from manufacturers in the
north and west.
' The idea is original. The primary
object is to show what the people of
the Carolinas are doing, but the main
object is to encourage consumers
to keep their money at home. "It
will be an eye-opener to everyone,"
nays the advance sheet, "for the 2,000
manufacturers of the Carolina*
are manufacturing today practically
every article made in America."
This ta encouraging. If there were
feu *t!1 there could be no good and i
oat of all evil there comes some good.
THE DILLON HERi
The present period of industrial de- '
presslon through which the nation is
passing is causing people to think
along new lines. It is taking up the
slack in the industrial world and as
the people emerge from it they will
develop new ideas that will make for
a general and at the same time a
more solid prosperity.
Heretofore the "buy-at-home"
slogan has been preached for the ben'efit
of the farmer. He has been urged
to produce foodstuffs on his farm and
keep his money at home.
In its l&st issue the Lancaster
News reproduces in its editorial j
columns, with timely comment, theli
old story of the Southern farmer who
"gets up at the alarm of an Illinois
clock, buttons Massachusetts suspenders
to Detroit overalls, and
washes his face with Cincinnati soap
in a Pennsylvania pan. He then sits
down to a Grand Rapids table and
eats Chicago meat and Indiana hominy,
fried in Kansas lard, cooked on
a Kalamazoo Range. He goes to his
I stable and puts a New York bridle on
a Kentucky mule, fed on Iowa corn;
plows a farm covered by an Ohio
mortgage with a Syracuse plow.
When bedtime comes he reads a
chapter from a Bible printed in Boston,
says a prayer written in Je-i
rusalem. Then crawls under a blan
l<ot made in New England, only to!5
be kept awake by a South Carolina;'
dog?the dog is the only home Pr?- *
duct on the place. And then he won-u
dors! He cannot see why he does not;f
make money mising cotton." ji
This is all veiy true, but the very t
rrun who offer this advice should be]*
the first to set the example in the!*
I fi
"buy-at-home" movement.
We do not like to talk "shop" in((
our editorial columns, but we can-':c
not resist the temptation this oppor-'i
tunity offers to speak a word in be-jl
half of the printing industry in the 1
Carolinas and by wav of illustration !'
, , ! (
iu me ior greater^
cooperation between producer andl(
consumer of home products. !l
Fifty per cent of the printed mat- i
tei used in the two states comes
fiom the north and west. Ninety f
per cent of the printing material usedi*
in America is made by one concern^
and the northern and western print-'ers
buy material and presses fromjc
the same concern through which i
southern printers make their pur- 1
chases. They use the same presses, f.
the same type, the same material
and turn out the same quality of J
work at the same prices or probably j,
a little cheaper than printing estab- c
1i. V A- j- * * *
auiuenis in me larger cities where
the overhead expense is so muchjs
heavier, but therte are hundreds of *
merchants and manufacturers all over 1
the two Carolinas who preach the .
"buy-at-home" slogan to the farmer t
and send their orders for commer- a
cial printing hundreds of miles away a
from home. i
The economic loss to the two Caro- f
linas from this one source alone runs s
into hundreds of thousands of dollars^
every year. If this work were kept at ^
l.ome it would double the number of i
printers and pressmen in the (wo t
states and mean increased business I
for merchant and manufacturer.
The Herald was the first establish- '
ment in the state to print coupon
bonds. We had been replacing the (
orders with a New York concern and j
taking a small commission. Bonds \
are expensive and we decided to do '
the work at home. "You can't do if" ^
1
our first customer told us. "We'll J
show you," was our reply, "and If ,
the work is not as good in every par- i
ticular as that of the New York con- ]
corn the loss is ours." i
When we went into the market to 1
buy the stock we found that the New '
York concern which made a "spec- \
laity" of the bond printing business j
was buying its stock from the place
we bought ours?a big establish- l
ment in Chicago! Since then we have t
saved thousands of dollars to South 1
Carolina. 1
Do merchants and manufacturers '
in the north and west buy their (
printing in the south? Not by a long <
shot. They would laugh at the idea, <
and the idea of the southern mer- <
chant and manufacturer buying '
printing in the north and west would ''
be equally as ludicrous if it were not '
a fact!
I
It's all very well to preach the i
"buy-at-home" and "produce-at- 1
home" gospel for the benefit of the i
farmer, but those who do the preach- 1
Ing should practice what they preach. j
The "Buy-at-Home" exposition to ]
b(. held at Charlotte is a great Idea, j
I ft is along well-defined economic and 1
constructive lines. The printing In- 1
dustry is not the only industry in the J
two Carolinas suffering from the t
indifference or short-sightednesu of ,
our people. There are hundreds of i
other struggling industries being
throttled by their friends. t
Here Is hoping the Charlotte Idea
will be a success. Our merchants.;
bankers, manufacturers and other "
| leaders In thought and action are the *
men who need awakening.
-*1 -y**
?
iLD, DILLON, SOUTH CAROLINA
TKLLS OBJECTION TO MONEY;
CROPS.
(Continued from Page One)
ook it over and sweetened his account
at the bank. He made at home
;he stuff he lived on and what the
rest of us lived on, and he traded
jutter and eggs for his sugar and
:offde and a load of wood or a bushel
>r two of beets or peaches to
he shoe maker for mending his
dioes, and his money he salted down
igainst the day when taxes were
iue, or he wanted to buy a new wag>n
or a grain drill or paint for his
>ig red barn, or something of that
tlnd, and by and by send the boy or
5iri 10 me Aiiegneny College or the'
friendship University.
They had good roads out In the|
ownship, and they had a preacher at |
heir church every Sunday, morning,
md evening and good schools all j
>ver their district, and we didn't have,
i poor house in the county. But)
,hcy had no money crop. They had |
?ood houses and big red barns, filled
o the roof with everything, and
ipring houses with milk and butter)
ind cellars with plunder that made;
he table of the county home look
;ood. Some times an old farmer
vould come into the office who did
lot take our paper. If he told me
ie had no money when I advised him
.0 subscribe I always told him that;
nade 110 difference to me. I would
send him the paper and if he never)
rot the money to pay I would forget ;
ill about it and never ask him for it,
md if he got the money some day
10 could come in and pay when he,
elt like it. That always tickled them,md
many a man I put on the roll that)
vay, but I do not rbcall that a sin:le
one failed to pay. We nev<?r ask?d
any man to pay in advance, and
tome of them did and some did not.
+ ^ 11 i-l 1?e *?
UH..1 uu JJCiUl unuic Llieir ill."-(
'ounts had run very long, for they,
ill had some money. These farmers
irver had Very much. If they got a!
it tie wad saved up they probably
>ought some more land or a register-.
>d bull, or a stump puller, or a set'
if hair cloth furniture for the sitting [
oont, for we did not have parlors in|
he country yet at that time, and j
lair cloth furniture was still the clinax
of luxurious furnishing.
One of those old farmers sent one!
)f his boys to Cornell University, and'
ie was later governor of Idaho. An-J
>tlier boy from one of the farms was,
itate auditor of the state of Wash-(
ngton and for three years mayor of
?cattle. Another is one of the big oil i
nen of the neighborhood oil region. |
Two of the young chaps now grown ,
fray, were in Califonia with their,
vives on a pleasure jaunt when l!
vas up that way last summer look-,
ng around a bit. One of the girls Ij
cnew years ago told me her cream
heck the previous month was ovei i
>150 at the ice cream factory where'
he sellB it. Things are easier now
ban in the earlier day. But still,
hey have no money crop.
You might say how much better
t would be if they had. But I
hink nnt For \ t In Arts ma
i money crop makes everybody a
ilave to that crop, and that results |
u neglect of the crops my old time,
prmer neighbors made for their own
ubsistence, and of which they made
nough to satisfy their own wants (
vith some to sell to the stores and (
o the neighbors. And after each far-,
ner had supplied himself it did not(
ake much of a money crop to allow
um to have all the money his house-,
icld needed and to put some away
or the rainy day that makes the pro !
erb work right. The old farmer up
ny way had no tenants, he had no
ime-merchants to deal with, and I;
lever knew what a time merchant is!
intil I came to North Carolina. He!
lad his boys and girls when theyi
vere big enough to help, and he!
orobably had a farm hand and a.
'hired girl" to help about the house,
rork if conditions were such that.
ie needed one and could pay her.!
[Jut the family did most of the work,
xnd it w*as not the same slavish work
hat a money crop makes. They did,
lot have as much money as a crop
>f cotton brings when cotton brings
irything, but they did not need it to,
?ay the cost of making the cotton. ;
And T have a notion that if we had
less rigid rule by the money crop in
this state we would be better off.
Every man who makes a money crop
makes it in competition with all the
others who are making that same J
:rop, so ?*v?ry farm hand is work'ng
In competition with the cheap labor'
that is in many places the mainstay,
of the monev cron nn/t fli? mn""?
:rop pays only what It must pay
ihpap labor to make the money crop, j
ind all farmers working on that,
money crop are working for that |
same low wage which Is the basis of |
the production of the money crop.
And there is one of the grave trou-j
tiles with the cotton country. We
ire making a money crop that fixes
prices by the lowest cost of mnklng'
i cotton crop, and all who work on
i cotton crop work for low wages.,
[n the long run we get this Idea
iround to diversified farming, but dl.
versified farming Is more than diversifying
th* money crop. To really di-:
irerslfy we must diversify to a subsis-,
fence crop so that we can tell the,
morey crop to go to Jericho. Until |
?e can do that the money crop will
tot be a paying crop.
iVANTFTD TO RENT STORK BUILD-'
Ing in Dillon. Rent must be reas-,
enable. Answer Box 255?5 12 3t.j
166 (hires Malaria, Chills and Fever,
Bilious Fever. Oo'ds and IsOdppe,
or money refunded. 6 IS tOt |
* THURSDAY, MOR.NLNCi, MAY It, 1
WANT COLUMN
Ml{. FARMER?Use n numbered order
book for writing your orders
to merchants. It leaves you a permanent
record and it is easy to
ctfeck up your account with the
merchant. A safe and economical
way of handling your farm affairs.
They cuu be carried in the vest
vut&ci. i ue cusi 's tsuittii. r or saie
at The Herald Office.?5 5. ]
We are proud of the confidence doc? '
tors, druggists and the public have
in 066 Chill and Fever Tonic. ?
6 ia aot.
TYPEWRITER RIBBONS ? Staf- 1
ford's superfine ribbons for Smith
and Underwood typewriters. Herald
Publishing Co.?3 24
Rub-My-Tism is a powerful antiseptic.
Cures infected cuts, old sores,
etc a ia aot.
NOTICE?I AM AGENT FOR TBK
Florence Steam Laundry and will
receive and deliver all laundries as
promptly as possible. Palace Market.
i
MR. FARMER?Use a numbered order
book for writing your orders
to merchants. It leaves you a permanent
record and it is easy to
check up your account with the
merchant. A safe and ernnomicni
way of handling your farm affairs.
They can be carried in the vest
pocket. The cost is small. For sale
at The Herald Office.? 5 5.
Kub-My-Tism is a great pain killer.
Relieves pain and soreness, Rheuma-lism,
Neuralgia, Sprains, Etc.?
"> 12 20t.
WANTED?Everybody to know tluitj
1 now have a full lino of machinery ^
and that I am in a better position j
to give quick service than I have'
ever been. All work guaranteed.!
Electric Shoe Shop over Dillon
Hotel, W. R. Summerall, Prop.?
1 20 tf.
CROP AND CHATTEL MORTGAGES]
titles to real estate, mortgages real
estate, bills of sale, planters contracts,
rent liens, claim and delivery
papers for 6ale at The Herald
office.?3 24.
666 quickly relieves Constipation,
biliousness, loss of Appetite and
Headaches, due to Torpid Liver.
?5 12 201.
WANTED ?COUNTRY PEOPLE TO
TRY OUR 75c. MEALS. PALMETTO
CAFE, NEXT TO HERALD
OFFICE?.tf.
1 ROP AND CHATTEL MORTGAGES
titles to real estate, mortgages real
estate, bills of sale, planters con- I
tracts, rent liens, claim and delivery
papers for sale at The Herald
office.?3 24.
FOR RENT OR LET OUT ON
shares?Small farm of 12 or 15
acres in fine shape, also 150 acres
of good pasture land. Any one interested
apply to O. C. Hayes, Dillon,
S. C.?5 12 ltp.
MONUMENTS?We are builders and
erectors of high grade monuments.
All work of the best material and
fully guaranteed. Prices reasonable.
See us before placing your
order. Lumberton Marble Works,
J. H. Floyd, Prop., Lumberton, N.
C.?2 24 52t.
WANTED?Man with team or auto
to sell our products in ihis county.
Men and women for city saleswork
also wanted. State whether you
prefer city or country work. Mention
this paper. McConnon & Co.,
Winona, Minnesota.?5 12 ltp.
FOR SALE?lOO Bushels of Golden
Dent Seed Corn, $2 per bushel in
ear. Free from weevils. Best corn
for late planting. H. C. Stanton,
Dillon, S. C., R. 3?4 7 tf
CROP AND CHATTEL MORTGAGES
titles to real estate, mortgages real
estate, bills of sale, planters contracts,
rent liens, claim and delivery
papers for sale at The Herald
office.?3 24.
ANTED ? To save yon money on
your next winter's coal. Coal is
bound to go higher in price and
will be hard to get. With the railroad
strike in prospect, it may be
impossible to get it later at any
price. We handle the very best
grades of Domestic Coal. No Blate,
and deliver 2000 pounds to the ton.
Place your order with us today.
Phones 14, 38 or 145. W. E. Caldwell
& Son?4 21 tf.
WANTED? A live agent for good
Laundry, good commission. Write!
aanitary Steam Laundry, J. CBrittingham,
Mgr., Hamlet, N. C.
?4 28 4t
ROOM FOR RENT OVER THE DIIjIon
Pharmacy, next to the Bank of
Dillon. Apply to Morris Fass. 6 5 tf
MR. FARMER?Use a numbered order
book for writing your orders
to merchants. It leaves you a permanent
record and it is easy to
check up your account with the
merchant. A safe and economical
way of handling your farm affairs.
They can be carried in the vest
pocket. The cost is small. For sale
at The Herald Office.?-5 5.
FOR HALE?Brady Gasoline Filling
pump, including tank and oil fixtures
complete. Bargain for quick
buyer. J. Earle Bethea.?5 5 2tp.
EXPERIENCED STENOGRAPHER
and bookkeeper would like a position
in Dillon. Can begin June 1st.
Address Stenographer, oare of The
? Herald.?-6 12 It
... .....?... ...
1981.
TYPEWRITER RIBBONS ? Staf- I
ford's superfine ribbons for Smith
and Underwood typewriters. Herald
Publishing Co.?3 24
REPORT OF THE
THE FIRST JTAI
in the State of South CaroHna at the i
RESOUI
Loans and discounts, including redisc
Total
Notes and bills rediscounted with Fed
rorwjgn Dins oi exchange or drafts so
dorsement of this bank, not showi
d above
Bank) other than bank acceptances sol
Overdrafts Becured 189.68; unsecured
Deposited to secure circulation
All other U. S. Government securltle
Total
Other bonds, stocks, securities, etc.
Banking house, furniture and fixture
Real estate owned other than bankin
Cash in vault
Lawful reserve with Federal Reserve
Net amounts due from national banks
Net amounts due from banks, bankei
companies in the U. S- (other th
in Items 9, 10 or 11
Checks on other bankB in the same <
as reporting bank (other than Hi
Total of items 9. 10, 11. 12. 13 and
Checks on banks located outside of c
of reporting bank and other cosl
Redemption fund with U. S. Treasurt
from IT R Trooonroi
Total
LIABIL1
Capital stock paid in
Surplus fund
Undivided profits
Less current expenses, interest and
Circulating notes outstanding
Cashier's checks on own bank outstai
Totol of items 22, 22. 24, 25 and
Individual deposits subject to check
Dividends unpaid Certificates
of deposit (other than for
rowed
Other time depsits, savings
Bills payable with Federal Reserve 1
Total
State of South Carolina, County of D
I, J. R. Regan, Cashier of the al]
that the above statement is true to tl
Subscribed and sworn to before i
W. A.
i
KNOWS AUTO
See Him At Aft
T ip-T o]
Have you tried i
try it, and see how >
be with it. Fresh e^
DILLON i
SEEEEEEEEEE
E
[ ] Safe Deposit B
1 Thousa
1 DO Ll
HI
1 ST O
a
a EACH
a
? rTThe only safe plac<
a A ey and valuable
? Where it can't be ST(
[*1 T OCT
i_z_l J W k} 1 .
IS When you keep vali
SI your house, you take
? ous about them all the
* Put your money in
? get it at any time anc
? when you sleep.
Is
is
s
a We invite your pati
| FIRST NATIO
gj DILLON, Sou
51 National Bank Pro
51 Savii
.
1 '
166 has more Imitations than any
other Fever Tonic on the market,
but no one wants Imitations. ?
5 la aot.
CONDITION OF
IIONAL BANK
CTose of Business on April 28, 1921
ICES:
:ounts $419,529.95
$419,529.96
eral Reserve
Id with ina
under item
227,138.04
d $192,391.91
I. $3,006.83 3,096.41
_ 12,500.00
s?t> y.iuu.oo
71.600.00
B 10.000.00
g~ "house 4,900.00
g nouse 20,000.00
Bank 6.114.87
, _ 16.698.47
rs~and "trust U.570.05
an included
HtVoT Towi 8-808 15
tern 13) ||4JM
I 14 45,425.60
ity or town
i items 3.038.52
>r and due
625.00
SiesT ? ??i.m.44
$100,000,001
3,000.00
- 17,336.65
taxes paid? 12.706.12 4,630.J* P
11,100.0ft
?Jng 218.36
26 218.36
126.754.70
6,000.00
money bor
69,461.50
20,623.35
Bank__ 50,150.00
$391,938.44
illon, ss:
>ove named bank, do solemnly swear
be best of my knowledge and belief
J. It. REGAN. Cashier,
me this 7th day of May, 1921.
BLIZZARD, Notary Public.
Correct Attest:
James McLell&n,
R. S. Ropers,
J. W. McKay,
Directors.
GENERATORS
Dore's Garage
p Bread I
4-0 TJ? 1 ?
l: ii you nave not, I
veil pleased you will I s- *
7ery morning at the |m
MARKET I"*1
assaBSiEaaa
^ ? EB
oxes For Rent gj
\nds of |
IS
Ann is
4 /i A *3 51
LEN 1
a
YEAR ffl
IS
a
i to keep your mon- ?
ss is in a BANK, m
?IT P\1 DITDMPn ?
L/ijun, u u xvluu ur [ ]
IS
jables and money in ffl (
a big risk and nerv- ?
^ time. ffl
our bank, you can 51
iyou will feel easy 51 * <
ffl <
? <
ffl
ronage, [t i
NAL BANK g ;
ith Carolina [?] ^
tection For Your -IS ,
ngs ffl
IS
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IS IS IS IS IS IS IS IS IS IX s
*