University of South Carolina Libraries
>/ A* V ' ' ; f * *-• *. ^ ,i - • ' T > <v fP*r -.-7 ' 7 --, ' * ■ - ’ PAGE TWO THE CLINTON CHRONICLE, CLINTON. S. C. - --4^ THURSDAY, JULY >, 1925 W A N TS Rates for advertisinf in this column rtisiM are one cent per word for each inner lion, with a minimum charge of 25c, payable invariably in advance. NOTICE—We sell bagging and ties. Buy. cotton seed and gin cotton. T. J. Blalock’s Ginnery, Clinton, S. C. tf PIGS FOR SALE—Eeven weeks old. $4.00 each. - David T. Pitts. Itp HOME FOR SALE—My home and lot on East Centennial St. J. D. Aus tin, M. D. Itp FOR SALE—One Jersey cow with a young calf three weeks. Reasonable price.* J. H. Pitts, Clinton, S. C. Itp LEE’S AFTER-WAR SERVICE LAUDED Dr. Smith Extols Loader’s Christian Character, Who Gave Himself to College. Ashevi)le, July 5.—Speaking of “ riafil “Lee, the Chriafian Educator,” Dr. Henry Louis Smith, president of WOOD WANTED—Pine wood on the ground, close in to Clinton, or deliver ed. Harrispn^ A. Copeland, Phone No. 2102, . j.. Up WANTED—Positioners a superifitend- • ent of a cotton gin or a contractor for a saw mill. Can give good refer ences. R. E. Keelyn, Renno, S. C. 2tp WE ARE agents for that Famous Geo. E. Nisaen Wagon. If you are in Goldville, Clinton, or Renno, call 3902. We are as near you as your phone. The Bell Company, Renno, S. G. 2tc WANTED—Someone to represent the original J. R. Watkins Company in Clinton. You supply daily necessities to''regular customers and make $35- $50 weekly, easily. Write The J. R. Watkins Co., J8, 231 Johnson Ave., Newark, N. J. Itp Statement of the Condition of THE COMMERCIAL BANK Located at Clinton, S. C.-, at the Close • of business* June -30, 1925: RESOURCES Loans and Discounts $348,178.27 Overdrafts NONE Liberty Bonds 25,000.00 Bonds and Stocks Owned ... 32,000.00 Furniture and Fixtures .... 3,250.00 Due from Banks and Bank ers : .... 45,810.15 Currency 7,624.00 Gold .... .., 272.50 Silver and Other Minor Coin 646.23 Checks and Cash Items .... 1,083.58 Other Resources 64.02 TOTAL .. $463,928.75 LIABILITIES Capital Stock Paid in* $ 50,000.00 Surplus Fund .... 25,000.00 Undivided Profits, less Cur rent Expenses and Tax- ex Paid 4,886.07 Due to Banks and Bankers NONE Dividends Unpaid 2,500.00 * Individual DeposiLs Subject to Check 160,570.67 Savings Deposits ^ .... 9,828.11 Time Certificates of De- , posit 157,938.08 Certified Checks ." 6.00 Cashier’s Checks 13,219.22 Washington and Lee University, to night told the' Southern -Nawspaper Publishers’ association, in convention here, that General Lee’s mathchless character were distilled and concen trated in all the ideal virtues of Puri tan and Cavalier combined. “His life work after Appomattox, when all its manifold results are fin ally summed up by Heaven’s unerring calculus will outshine, and far outlast all the more spectacular glories of his * ipajgiisr militaiy^qrtnpaigriS," feaid Dr. Smith The speakei^ dwelt first with Lee) the Christian, and the lessons left for j succeeding generations by his spirit-1 ual consecration, continuing to Lee, [ the peacemaker, to paint a picture ofj the Confederate general as a foe without hate, loving his whole coun try, North and South. Dr. Smith, proceeding to a discus sion of Lee, the educator, called him the builder of a new South and engi-j neer of a new era. “When his starveef and ragged handful of heroes surrendered at last to overwhelming forces, the greatest soldier of his time found himself with out a^jrofessipn, in the midst of bank rupt and devasted land. Worn by toil and hardship, his health gone, his stately home confiscated, with a help* less family dependent upon him for support, he was at once offered wealth and a home in England, wealth and high military service in Egypt, and a huge salary as the nominal head of an honorable business enterprise at Bills Payable, including Certificates for Money “Meanwhile the rector of the board of trustees of Washington college rode across the Blue Ridge' : and urged the idol of the South, on a salary of $1,500, riofra dollar of which was yet in sight, to bury himself in a maun- j tain village, forty miles from thel nearest railroad, and undertake the ( herculean task of rebuilding the for- ’ tunes of a bankrupt college and pre paring the young men of the South to solve the problems and bear Ihe burdens of their harassed apd stormy times. “His decision was the sublimity of self-renunciation at the combined call of duty and opportunity. “Never had such a leader of men given himself to an institution of learning. One year was spent in studying the institution’s historic past, its present problems, and its possible future service to a wrecked and pros trate land whose social and industrial system had been annihilated. Then, with daring progressiveness, with con summate ability, with resistless and untiring energy, the reconstruction began. . ' “To the traditional undergraduates -work in Latin, Greek, mathematics^ and philosophy were added in rapid sdccession to departiqents of English, modern languages, applied chemistry and natural philosophy^ and each year a thoroughly planned professional school was presented to the board and formally approved and adopted. “In 1867 a school of law and equity to furnish the new era with highly trained lawyers and legislators; in 1868 a school of civil and mining engineering to rebuild the wrecked South; 1869 « practical and theoreti cal school of journalism with fifty scholarships to furnish the new era with trained leaders of* public opinion and in 1870 a thoroughly planned uni versity school of commerce and busi ness administration for the economic and industrial leadership^ of .the new civilixatiojL . — “In five crowded years this former superintendent of West Point worked this outstanding miracle ir\ the history of American non-military higher edu cation and placed Washington’s anci ent college fifty years ahead of its times. Thus he gathered students, teachers and endowment on Washing ton’s educational foundation, saturat ed the institution with his spirit, fixed for all time its campus traditions of chivalry, courtesy and personal honor, and then, worn out by his incessant labors, fell at his post, and bequeathed to it his matchless example, his sacred dust and his incomparable name. “Thus, like his Divine Exemplar, he gladly sacrificed his mortal life that his life work might become immortal, and taught the world the glory of self- renunciation, of whole-hearted Christ ian consecration, of fidelity to the Heaven-sent duty of the hour at what ever cost of personal sacrifice. “Would to God such a lofty spirit, such moral energy, such educational statesmanship were leading our storm- tossed America today. “Surely never w^re we in greater need of the sense of human brother hood, of the spirit of loyal obedience to constitutional law, of the subordi nation of personal and national am bi tins to the welfare of distressed and despairing humanity, and - of the serene and unwavering faith and trust which upheld and steadied our fathers in those days of disaster and defeat,” WHITEWAY > OPEN AT LAURENS Former Senator Dial Speaks at Ceremenka. Laurent, July 7.—Laurent turned out enmassb tonight for the celebra tion ,of its newly installed electric white way. The program included speeches and music by the Watts Mills concert band, and a 'brilliant display of fireworks. Dr. R. E. Hughes presided over the open air exercises and a short address christened the electric improvement, “The Barksdale White Way,” in honor of the secretary of the Laurens Busi ness League, Lawrence C. Barksdale, and then introduced fromer United States Senator Nit B. Dial, who deliv ered the address of the earning. Senator Dial rbvicfwed the strides that have been made in the devel opment of electricity in the last twenty-five years and predicted even greater developments in the near future with the harnessing" of the magnificient water powers of the country. „ .. He referred to Muscle Shoals as one of the most promising indus>> tries of the age and predicted that the Piedmont section, which in cludes Laurens, will have an am ple supply iof electric power for all industrial purposes within the next few months. This is the first speech the Sen ator has made in the State since his' retirement fronj the Senate in Marsh and 4 he was heard with pride and interest by the home people. IN OUR >* l/. . . l-’i and REAPPOINTED ON BOARD A. C. Todd and R. E. Babb, Laurens attorneys, have been named to succeed themselves as members of the board of education for Laurens county. The term of office is for- four years, be ginning July 1st. ■ Mp. Harvey Brannen has returned to her home in Statesboro, Ga., after spending several weeks in the city with relatives. She was acconipanled by her sister, Mrs. James R. Copeland, who will spend two weeks in States boro. Highway Association Seeking New Members ✓ The drive is on for the securing of addltipn^T membership in . the Calhoun Highway Association, the membership fee being $2.00 a year. The commit tee asks that all those who have not been seen by any member of a com mittee to please hand yohr $2.00 to any of the following: A. B. Blakely, Jack H. Young, Edgar Todd, R. E. Sadler. Any of these men will accept the fee and enroll you as a member of the Calhoun Highway Association. The- association meets here next Tuesday and the public is asked to give this matter immediate atten tion. , \ PALM BEACH SUITS • * • •’W— and ' EXTRA TROUSERS . 1 Mrs. J. I Copeland, Mrs. Arthur Copeland, Miss Nan Copeland and Mr. Marshall Dendy are spending this week in Montreat. i A great combination—style and comfort—especially when the thermo meter is playing above the nineties. We invite every man and young man to this stojse to get in one of these < I ——cool, inexpensive suits or extra pair trousers. N J. A. Merchant Borrowed 10,000.00 TOTAL .. a $463,928.75 State of South Carolina, ss. County of Laurens. • *' Before me came F. M. Boland, Cash ier of the above named bank, who, be ing duly sworn, says that the above and foregoing statement is a true condition of said bank, as shown by the books of said bank. F. M. BOLAND. Sworn to and subscribed before me this 7th day of July, 1925. ^ J. H. DONNAN (Seal) Notary Public S. C. Correct Attest:—H. D. Henry, Jack H. Young, J. I. Copeland, Directors. Charter No. 8041 - Reserve District No. 5 REPORT OF THE CONDITION OF THE FIRST NATIONAL BANK Statement of the Condition of M. S. BAILEY & SON, Bankers Located at Clinton, S. C., at the Close of-Business June 30, 1925. RESOURCES Loans and Discounts $525,632.33 Overdrafts 152,894.91 Other Real Estate Owned 8,687.71 Due from Banks and Bank ers ....' .... 2,020.24 Currency .... , 7,080.00 Silver and Other Minor Coin 991.80 Checks and Cash I terns 94.32 TOTAL $697,401.31 LIABILITIES Capital Stock Paid in $ 20,201.40 Undivided Profits, less Cur rent Expenses and Tax es Paid ........ 15,421.97 “—Dtfe^M_Banks and Bank- —MS JU-* 72Utt Individual Deposits Subject ject to Check 474,798.24 Time Certificates of De posit 186,008.85 Certified Checks 770.00 Cashier’s Checks - 128.21- ~T—~ J . 661,705.30 TOTAL .... '... $697,401.31 State of South Carolina, ss. County of Laurens. Before me came M. S. Bailey, ^President of. the above named bank, sritt being duly sworn, says that the above and foregoing statement Is a true condition of said bank, as shown by the books of said bank. * - M. S. BAILEY. Sworn to and subscribed before me Ibis 8th dayxof July, 1925. R. C. ADAIR (Seal) * ^ Notary Public, S. C. WHAT DO P. S. 'JEANS , X-/- ' DOT •'7- v ^ ' ' 1 * . * ‘ AT CLINTON, S. C., IN THE STATE OF SOUTH CAROLINA, AT THE CLOSE OF BUSINESS ON JUNE 30, 1925. * > RESOURCES Loans and discounts, including rediscounts, accept ances of other banks, and foreign bills of exchange or drafts, sold with* indorsement of this bank .... $567,696.68 - Total loans $567,696.68 2. 4. 5. 7. 8. 9. 10. 11. 15. 16. Overdrafts, secured, none; unsecured, none.: U. S. Government securities owned: a. Deposited to secure circulation (U. S: bonds par value) , 100,000.00 b. All other United States Government securities (including premiums, if any) 31,100.00 Total - " Other bonds, stocks, securities, etc.: :. , Banking House, $14,800.00; Furniture and fix tures, $1,200.00 Real estate owned other than banking house Lawful reserve with Federal Reserve Bank — Items with Federal -Reserve Bank in process of collection . Cash in vault and. amount due from national banks Amount due from State banks, bankers, and trust companies in the United States (other than included in Items 8, 9,' and 10) ^.... - Total of Items 9, 10, and 11 106,228.37 Redemption fund with U. S. Treasurer and due from U. S. Treasurer — Other assets, if any NONE 131,100.00 4,500.00 16,000.00 27,904.35 1,755.50 V 27,314.20 72,013.02 6,901.15 5,000.00 9,024.44 17. 18. 19. 21. 23. 26. 27. 31. 33. 41. TOTAL LIABILITIES Capital Stock paid in Surplus fund .......'J Undivided profits , 24,945 Circulating notes outstanding Amount due to national banks Cashier’s checks outstanding ... Total of Items 23 and 26 1 22,392 Demand deposits (other than bank deposits) sub ject to Reserve (deposits payable within 30 days): Individual deposits subject to check ...': « Dividends unpaid . Total df demand deposits (other than bank de posits) subject to Reserve, Items 27 and 31 .... 309,300 / Time deposits subject to Reserve (payable after 30 days, or subject to 30 days or more notice, and postal savings): Certificates of deposit (other than for money borrowed .-1— 7 Total of time deposits subject to Reserve 237,571 Bills payable (in eluding all obligations representing • money borrowed other than rediscounts) _ $869,209.34 100,000.00 50 000.00 42 24,945.42 ' 100,000.00 37.35 22,354J)6 31 • 306,171.05 y 4,129.50 .55 237,571.06 06 25,000.00 $869,209.34 TOTAL : State of South Carolina, County of Laurens, ss: I, Geo. W. Copeland, Cashier of the above named bank, do solemnly swear that the above statement is true to the best of. my knowledge and belie! GEO. W. COPELAND, Caahier. - Subscribed and sworn to before me this 8th day of July, 1925.* (Seal) L. D. McCRARY, Notary Public. / Correct Attest:—B. H. Boyd, L. H. Davidson, T. D. Copeland, Directors. PIANOS for RENT O’DANIEL & REID Clinton, South Carolina *A, . If > >* % ♦ t -A V a AGFjN cy A f PILOT LIFE INSURANCE CO. GREENSBORO. N.C “•*7 <* Hang It Over Your Door -/ • j— The Pilot wants a representative in.Clinton, S. C. Not a sitter, but- a go-getter. Not a man who expects the world to drop plums into his lap, but one who has an eye for opportunity, gumption to seize it and energy to make it pay. ____ 4 4 Some men who can sell anything through personality are absolutely short on service. The Pilot wants a man of intelligence, clean record, and ideals. The Pilot will teach him how to write’ Pilot policies. . There is nothing difficult about it, for the man who really tries.. The Pilot is one of the pioneer Carolina life insurance companies, established ’ 20 years ago, sound, solid, successful, growing more powerful every year. In spite of business depression in 1924, the Pilot showed a 2591 increase of new business written as against an average of 8% for the whole coun try. There is real opportunity in tying up with an organization that is going ahead like this. l If interested, write to H. B. GUNTER, Vice-Pres. and Agency Mgr. x Pilot Life Insurance Company /< l Assets $8,000,000 y. Greensboro, N. C. Surplus to Policyholders $1,750,000 Insurance in Force $65,000,000 > ■V N V... / *-// X. mm . ii