Historical Newspapers of South Carolina

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* U- PAGE TWO THE CLINTON CHRONICS CLINTON, S. 0. 'MJgUMJlP HUMPH g-liy II f ■ 1 ■ "I" 1 \ 1 MJJfl'W jmiHTflT"—— t • ' ' V : 1/'.- ' THUftSDAV, FEBRUARY 17,1S2T . \ Low Crop Prices! % * I'HERE is just one way to beat low crop prices. Produce crops for LESS than you sell them. That means making each acre produce every pound it is capable of producing. You can do this without paying a cent more for labor or equipment By putting plenty of the right kind of plant food into your land, you can make it work harder for you than it ever has before. This is no time for skimping. Fertilize your land. Fertilize it well Put new life into it It will give you cotton and tobacco at less cost per pound; com, potatoes and wheat * at less cost per bushel. Don’t gamble on fertilizer. Use the best. Royster Fertilizers are high analysis, power ful, rich. Easy to drill. Backed by forty years* experience. They bring low cost crops to an early market Ask the Royster dealer near you. ROYSTER Fertilizer GREAT VALUES To Celebrate Founder’s Week 12 lb bag 50c A. & P. FLOUR Family or Self Rising 24 lb bag 98c 48 lb bag $1.95 98 lb bag $3.75 POTATOES 11 ££ 1 7 lbs 25c CHEESE K.-nSS lb 29c PEAS Sweet and No. 2 Can Tender 10 c Stringless Beans No. 2 Can 10c RICE F Xe lue 4 lbs 25c Baked Beans Our Own Brand 2 N* 2 1C r Cans PEACHES Del Monte Lgr, Sliced or halves Can • 25c Clinton, S. C. WOULD TIGHTEN BANKING LAW MACARONI if.; 2 pkgs 15c SOUP ‘a!!’ 3 cans . . ■ 25c COCOA Iona Brand . ■ 25c \ Corn Flakes Sl »”Jj' IJ 3 pkgs 25c i CORN MEAL gS lb. ■ . 3c COMPOUND LARD lb . 11c Bill In Legislatnre To Revise Present Banking System and Provide ' • Heavy Penalties. [ Columbia, Feb. 15.—More strict-*eg- ulation of the banking business and heavier penalties for violations of the law would be provided by a bill intro duced in the House today by Represen tative. Sam Rittenberg of Charleston. The State department of banking, according to this measure, would be under a superintendent, who would have authority to engage such assist ants as necessary. A levy upon banks would finance the operations of the department. The author of the bill said he had consulted with the State bannk exam iner, ‘Albert S. Fant, with regard to many of the provisions incorporated. Upon the basis of information obtain ed from the examiner, it was estimat ed that the annual assessment would not exceed 5 per cent of $5,000 of re sources. Principal provisions of the propos ed new law, which consists of 102 sec tions, were outlined by Mr. Rittenberg as follows: No hank would be permitted to ac cept deposits aggregating more than eight times its capital stock and sur plus. If deposits should run above this minimum for ninety days the bank would be required to increase its capital or to sel aside 50 per cent of the excess to its legal reserve. The state superintendent of banking would , be required to inaugurate criminal proceedings in, the name of the State against all violators of the banking laws and the attorney general and so licitors would be required to prose cute such cases. • Loans to any borrower unrestricted by the present law except to officers and directors would be limited to 10 per cent of the amount of the capital and surplus, or 15 per cent upon writ- on consent of two-thirds of the mem bers of the board of directors. Loans to officers and directors' and to con cerns in which they might be interest ed would be subjected to the same lim itations. Every director would be required to own at least $500 in the bank’s stock, which would be deposited unendorsed in the custody of the bank’s cashier, to remain there unpledged during the owner’s tenure of office, and every director would be required to sub scribe to an oath that he was^quali- fied for the position. Ranks would be required to obtain bonds for all employees in proportion to their responsibilities. At least twice a year, in January and July, the directors would be re quired to appoint a committee of two or more stockholders, who are not of ficers or directors, to make an exami nation of the assets. No bank would be permitted to lend an amount greater than 25 per-cent of its combined capital and surplus on real estate, and real estate accepted as collateral would be limited to 60 per cent of its market value. No bank would be permitted to lend another more than the borrowing bank’s capital and surplus combined. No bank would be permitted to buy the stock of any concern except upon the unanimous consent of its board of directors. Neither the superintendent of bank ing nor any of his employees would be permitted to own stock or to be in debted to a bank in their jurisdiction. Liability to deposits or stock once owned by officers and directors, but later sold, would not be affected, pro vided the transfer was made within a year of the bank’s closing. The superintendent would be em powered to demand the removal of any officer or director known to be dishonest, reckless or inefficient, eith er in his officiial connection with the bank or otherwise. Any surplus from the assessment'of banks at the end of a year would be applied to running the department the ensuing year, with a corresponding decrease in the assessments. Edwin M. Stewart Passes Suddenly Edwin M. Stewart of this city, died suddenly last Saturday morning aftey an illness of only a few hours, death being due to Wart trouble. Mr. Stew art itdyked on Friday and apparently was in his usual health until the fatal attack. The funeral service was held Sunday afternoon from New Prospect church. Mr. Stewart was in his 42nd year and was well known in this community wfyere he had resided for a nurobqr of years. He was employed as salesman by L. V. Pinson and was an energetic and courteous young man who made many friends, all of whom were shock ed and grieved toiearn of ^is untimely death. The deceased is iurvived by his ^father, Hastings D. Stewart, by his widow, formerly a Miss Cunning ham of this county, and by several sons and daughters. Business College To Open Here According to an announcement ap pearing in today’s paper, the Georgia- Carolina Business college will, in a few days establish a branch in Clin ton. The representative, W. C. Pegg, will be found at the Clinton hotel and will explain the school and different courses to all parties interested. CARD OF THANKS * We wish to thank all friends for the floral offerings and kindnesses shown at the death of Ross D. Leake.' This thoughtfulness on your part was deep ly appreciated by the family. Mr. and Mrs. T. J. Leake and brothers and sister. POSTOFFICE TO CLOSE February 22nd, Washington’s birth day, will be observed bji the local post- office as a legal holiday, the windows being open only one hour, from 11 to 12 o’clock. No city or rural deliveries will be made for the day. SOME ATTRACTIVE OFFERS American Boy $2.00, two yea’-s $3.00. American Boy and McCall’s Maga zine $2.50. American Boy and Pictorial Review $2.60 (good only to Dec. 31, 1926.) Send for catalofrue of bargains or call 243 at 12:30 p. m. JAS. W. CALDWELL Anything In Magazines 6 6 6 John W- Bolton of (GoldvUle Succumbs 2-24-4tc John W. Bolton of Goldville, aged 57, died at the home of his sister, Mrs. J. F. Franklin, on last Saturday aftan before such meeting being ill for only a short while. Sur- ed at that time, viving are two sons, Roy and Russell Bolton; three sisters, Mrs. Glenn Franklin of Goldville, Mrs. Walter Mayfield of Columbia, and Mrs. Gallic Pennington of Spartanburg. Funeral services were conducted at the Union church on Sunday afternoon by Rev. Mr. Anderson of Laurens, in terment following in the Laurens cem etery. CARD OF THANKS NOTICE The Annual Meeting of the Joanna Mrecantile Company will be held pur suant to law, on March 1, 1927, at the Offices of the Company in Goldville. Such business as may regularly ceme will be transact- S. G. DILLARD^ , Secretary. We wish to thank our friends and neighbors for their many acts of kind ness shown to us during the brief ill ness and death of our dear husband and father, Edwin Martin Stewart. Also for the beautiful floral offerings. May God bless each one, is our pray* er. ‘ Mother and Children. See our special showing of. cheap and medium- priced rugs in patterns that look like the big high-priced kind. They are going fast. Get yours before they are all gone. FUIXER-SIMPSON FURNITURE CO. T CORN MILL We have just installed an electric corn mill at our plant and are pre- EASTERN STARS TO MEET K . . . ^ The regular monthly meeting of the! parCQ tO grind yOUr COTH any day in the week. Let r» Eastern Star chapter will be held Fri day evening at 7:30. All members are urged to be present. Subscribe for The Chronicle—$1.50 a year. us serve you. D. E. TRIBBLE CO. Clinton, S. C. is a prescription for Colds, Grippe, Flue, Dengue, Bilious Fever and Malaria. It kills the germs. SKATES • , * For Boys and Girls Best Grade We Haw Them Clmicle Pi. Co. Stationery and Gift Dept. .A HI I Lima Beans SIX 3 lbs . 25c P. & G. Naphtha Soap 7 Cates » 25c J* Atlantic & Pacific fr COTTON GROWERS URGED TO SIGN UP If Cotton Farmers Are To Be Success ful It Must Be Through Coopera tive Marketing, Say Leaders. Columbia, Feb. 15.—An organization composed of twenty representative farmers, bankers, newspaper men and educators has been formed for the purpose of pushing to a speedy and successful conclusion the campaign for signatures to the new contract of the South Carolina Cotton Growers Co-operative association, it was an nounced tonight. Members of the committee of which- W. E. Gonzales of Columbia, editor of The State, is chairman, represent every section of the state. A statement signed by the commit tee and issued tonight reviewed agri cultural conditions existing in the state, expressend the opinion that if the growing of cotton is ever to be made profitable it will have to be through intensive cultivation, the planting of good seed and co-operative marketing, reviewed the progress of the South Carolina Cotton Growers’ Co-operative association, called atten tion to the fact that the contract un der which the association is operating will expire with the handling of the 1926 crop and urged that every citi zen of the state assist in the campaign to insure the continuance of the asso ciation with a larger volume of busi ness than it has been handling. I FREE! Motion Picture Show — — l j Something New! Something Different! all about Radio at the Florida Street School Monday Night, Feb. 21 7:45 P. M. 4000 feet of Radio Films The Awakening of Rip Van Winkle 9 * i «4 Entirely free — Bring your friends Famous Radloiaa win be demonstrated TWO TUBE RADIOLA GIVEN AWAY to the Lucky Number Parrott-Electric dintM, S. C. . /* I- * J