The Clinton chronicle. (Clinton, S.C.) 1901-current, July 09, 1925, Image 2
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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
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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
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and '
EXTRA TROUSERS
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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
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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.
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Correct Attest:—B. H. Boyd, L. H. Davidson, T. D. Copeland, Directors.
PIANOS for RENT
O’DANIEL & REID
Clinton,
South Carolina
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PILOT LIFE
INSURANCE CO.
GREENSBORO. N.C
“•*7
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Hang It Over Your Door
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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
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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.
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If interested, write to
H. B. GUNTER, Vice-Pres. and Agency Mgr.
x
Pilot Life Insurance Company
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Assets $8,000,000
y.
Greensboro, N. C.
Surplus to Policyholders $1,750,000 Insurance in Force $65,000,000
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