Historical Newspapers of South Carolina

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4k l: THE CHRONICLE Strives To Be s Cleon News- r. Complete, Newsy, and Reliable. VOLUME XXVII • - 4 M- 4 -• jr.' **' • * * f i 4 ^ . . f :«. , If You Don't Read THE CHRONICLE C^T r Yoa Don't Get Tbo News. CLINTON, S. C., THURSDAY, MARCH 3, 1927 NUMBER 9 M ft W'i t- i. HUGH M’RAE, OF WILMINGTON, ADDRESSES COMMERCIAL CLUB _________ \ Outstanding Promoter of Colonization Work Dis cusses Deplorable Agricultural Conditions and r* Outlines Plan To Bring Danish Farmers From the Northwest Into This Section. — A well attended meeting of the Coaamereial club was held Tuesday evening with President D. W. A. Nev ille presiding. An elegant dinner was served by the local D. A. R. chapter, after which the business session was entered into. The meeting was featured by an ad dress from Hugh MacRae, of Wil mington, who had been especially in vited for the occasion to speak on the eokmizatnm work he is so effectively doing near Wilmington and to inspire and assist this community in the work it is undertaking of locating and set tling farmers from the Northwest in thin immediate section. Mr. MacRae every farmer ought to feed himself and stop making Western farmers' rich by refusing to diversify and solve their own problems.' This agricultural problem, said Mr. MacRae, is not the farmers’ problem and they will never be able to solve it if left alone and unassisted. He show ed how farmers who formerly produc ed -rice, indigo, sea island cotton, and the turpentine men, all went broke when the industries went elsewhere. Mr. MacRae said that in coming to Clinton he saw much devastated ter ritory and that the need is here as elsewhere for improving these con ditions. The thing that we need to do is to inoculate Clinton and every oth- was attentively listened to and had a story of interest that gripped all and ed town in the South. Start the work aroused his hearers, not only to the on a small degree, bring in a few feood need of immediate improvement in ag ricultural conditions, but likewise to the possibilities facing the South now that this work is being approached by a united leadership representing the Southern states. Mr. MacRae’s ad dress was filled with facts and fig ures, plenty of common sense and san ity of argument that convinced hi* hearers of his outstanding leadership in colonization work, In a few words of highest commendation, he was in troduced by J. F. Jacobs, Sr., and most cordially received. In opening his address, Mr. MacRae said that the common theory of throw ing the agricultural problems of to day back upon the farmer for solu tion is entirely wrong due to the fact that an abandoned country cannot solve these pressing problems. He slated at the outset that he was in terested not in the reclamation of land but in citizenship, deploring the fact ♦hat the small home-owning farmers in the South are now almost extinct. Mr. MacRae said that we must solve the farmers’ problems just as the gov ernment solved the bankers’ problem and saved this country from a disas- YOUR BOY’S BUSINESS r . ‘ > M . ■ 1 1 1 # * ' BANKING AS A LIFE WORK By Roger ^V. Baboon Babson Park, Fla., February 25.— important than money. The man wjth Mr. Babson continues his comments money cannot necessarily develop eon- on the ten leading groups of business’fidence; but the man in whom the This week he discusses banking. He community has confidence can raise shows the importance of banks, but'capital when he needs it. There al- questions whether banking offers as | ways is enough capital about and H is good an opportunity for a youth with earnestly seeking investment; but cap- STORM FACES {CHARGE IS MADE PENDING BILLS TO GRAND JURY Rumblings In Senate Forewarn Trouble for Governor’s Abo lition Plan of Tax Office. capital as some other lines. His com plete statement is as follows. Capital Not Needed Strange to say theru are better op- Columbia, S N C., Fq,b. 27—Ominous rumblings, with here and there a clap of thunder in the House and Senate last week are expected by observers to develop this week into a storm that will center about the abolition pro gram of Governor Richards. One thunderous clap, last Friday, shook down the structure of a pro- ital is very timid. Like a bird it will go where there is food; but it is frightened and flies away when it o ^ seems that someone is after it! The portunitTes in banking for poor boys I ownership of bank stock or being con- gram for abolition of the budget com- than for. rich boys. Unlike merchan-j nected with a good bank tends to ere- mission, the Senate refusing to take dising and manufacturing, banking ate confidence and helps men secure such action does not require much capiUl. The | the confidence of others. Bank stodks stock of a .bank is usually held by a have also proved to be a good invest- large number of people in the com- j ment over the long run. There are munity where the bank is located. | comparatively few bank failures and This seems to be necessary in order; owing to the great federal and state supervision, they are carefully watch ed. Bank stocks are seldom listed on the large stock exchanges and they to create confidence and interest; in the bank. Such other capital as the bank requires is supplied, directly or indirectly, by the depositors. Where farmers and immediately the whole morale of the agricultural condition will be changed. The whole proposition of reclama tion and colonization work is based on a “self-feeding” program. Mr. MacRae said that the work must not be approached from a money stand point but on a still higher plan of im proving civilization. We have the brains right’here in the South to do j judgment, and energy who have not th’.s work, if we will but get out °i! capital. Banks want deposits and the a majority of'the stock of a bank is are n °f suitable for speculation. Of owned by one man it is not as likely— 1 ^ en there is quite a spread between as a‘ rule—to command the confidence th® “bid” and “asked” prices. Those of the people. It is confidence, integ rity, and judgment that a banker; needs in order to succeed. This means that the young man with capi tal who is seeking a business can of ten do better by entering some other line which requires capital. Banking, however, offers a fine op portunity for young men of integrity, the' ruts and catch the vision and go ahead. Continuing, Mr. MacRae said that building civilization is like building soil. The soil of good farmers is richer each year while they are tak ing more out of it all the time. In closing, Mr. MacRae predicted, that unless the Old South uses highly improved seed and methods, they are soon to be forced out of the cotton business. We need to make a com bination shot, to diversify and raise our food stuffs at home and then to provide markets for the purchasing of these products. Let’s get out of the cotton ■ complex. Jle urged Clin ton, and all other communities on the financial crisis by the creation! Calhoun highway, to send represen tatives to Denmark this summer to get first hand information from the Dan4s who are the most up-to-date farmers in the world. These small home-owning farmers throughout Denmark are the kind of people we want to bring here and through a proper co-operation after they are landed here, their ingenuity and thrift will soon revolutionize fanning con ditions. If our rural civilization is of the Federal Reserve banking sys tem in face of the united opposition at the time of the banking world. Through this system the United States has come out of the World war as the richest nation on earth. Continuing, Mr. MacRae stated that twenty years ago he started into the work of settling Danes in his section, that he has studied their problems and that they succeed here admirably if they are located under proper condi tions and given a square deal. He told of a recent visit to W’ashingtoh along with other South Carolinians and rep resentatives from seven other South ern states for (he purpose of getting the reclamation work properly before Congress as affecting the South. He outlined the plan of procedure and said young man who has the energy and ability to get deposits is the young man who gradually climbs up in a bank from office boy to president. To succeed in banking a young man must combine the qualities of abso lute integrity with those which make him a good mixer. Usually the two groups of qualities do not go together. The good mixer or popular young man usually is not very reliable and does not command confidence. Like wise the serious young man of good judgment usually is not a good mixer. Being so engrossed in his work he does not take time Co make friends and be sociable. As a result, most young men entering banking always remain clerks. Either they are pop ular and lack the confidence of the bank officials, or are hard working grinds without much of an acquain tance. However, the young man who has the absolute confidence of the of ficials and also has a host of friends whom he can bring into the bank as depositors forges ahead very rapidly. City vs Country Banks It is very debatable whether a large city bank or a small country bank of desiring to buy stock in any bank can usually do best by frankly going to the president and asking him for some stock. If the president of the bank hesitates tell him that you will either let the stock stand in his name or will agree to give him the first opportu nity to buy some at market when as, or if you want to sell. Most banl^ presidents can always find stock for those in whom they have confidence. When spiling bank stock it is a cour tesy to first go to an officer of the bank;—otherwise to a broker pr auc tion. In most of the large cities are auctions where bank stocks are sold every week. Banking and Business Bank losses are directly affected by business conditions. When panics come, banks which are not conserva tively managed suffer—but the earn ings of well managed banks need not be affected by business changes as much as one would think. The reason is that when interest rates are high, deposits are low; amd when interest rates are low, deposits are^iigh. Thus the earnings—before adjusted as to losses—are often about the same in both good times and bad. A banking business is largely a middle man’s job of paying interest for deposits and loaning these deposits out at a profit. The profit depends upon the spread multiplied by the volume. At present time deposits are large and interest rates are low. Unless something unforseen occurs, condi tions will probably remain the same Other thunderous disturbances, re- sounding from thp throats of-many Senators, caused that august body to refuse to reduce certain commissions. And now the storm is believed a- bout to break with all its fury about the tax commission. The fight on this body in the House proved to be the most spectacular event of the leg islative session. The Senate, obser vers assert, will save the commission by a small margin. Judge Henry Points Out Dntjr and Speaks of Need of Law Enforcement in County. Laurens, Feb. 25.—Upon receiving the presentment Tuesday afternoon of the grand-jury for the session of the spring term of court. Judge Henry presiding, delivered a very compre hensive address touching on the duty of the grand tribunal of the county, the importance of the office and the character of the man qualified to serve on the body. He pointed out some of the menacing things to the proper administration of the law, to society and the general welfare of the citizenship of the county and state. In organizing the court Monday not saved all else is gone, he said. : fers the Kreatest opportunity either | fors ^ 1 time * ^ Man > Mr. MacRae further gave it as his for young men or investors . of ! omists believe that there will be a opinion that cotton is going to leave, ourse the prizes are in the this section and that ordinary ®°f ton , i arK e city banks; but the competition farmers have a hard struggle before for thege prizes ig very ffreat Many tham east of the Mississippi river. We are at the botton today, but if the prefer to be a big toad in a small pud dle rather than a small toad in a big enormous potentialities ar« used that i p U(1( j| e My own observation su* are ours, this great scheme of recla- highly gratified at what has' mation can be put through to a suc- already been accomplished and is op-jeessful conclusion. To do it requires timistk as to the solutions of the a co-operative effort with the gov- rrobtom in the future, although he ernment and an honest effort on the warned his hearers that the task pan not be accomplished over night. Mr. MacRae said that he is satis fied that forces can be put into opera tion that will save the South one thousand million dollars annually with the government back of the work and a united cooperation by the citizenship of the respective towns and communi ties in this area. The eight states tww linked in the reclamation work are **king Congress for $2,000,000 each for this experimental work and Mr. Msaid that the leaders have every assurance that it can be obtain ed. V Continuing, Mr.'"MacRae said that agriculture in the South has been neglected since the war, and yet it is gests that the best opportunities for employment and investment are in a medium-sized city—from 40,000 to 100,000. Working in a small country bank is excellent training—much better part of this section as well as all oth- f”-? 0 k dive ™ fy ?. nd t ®. brin * *" than working in a large city bank. In blood by attracting theae aplendtd , th( , , bank , he work is m08tl me . fanners from the Northwest. asaUal where a young man works The 'club had several out-of-town guests who were introduced: W. R. McCuen and M. L. Smith of Laurens, Kenneth Baker and Geo. T. Barnes of Greenwood, and Capt. J. W. Cojieland of this city. J. F. Jacobs, Sr., called the matter of the bond election decision to the club’s attention and offered the fol lowing resolution which was unani mously passed. “Resolved, that the Clinton Commercial club urges upon the Laurens county delegation ip the General Assembly, to re-submit to the people in Laurens county in a con- still further decline in money rates with a slight downward tendency for a long period of years. However, this may be, the Babsonchart now stands at 8% above normal, which is very good for this time year. This means that most banks are having an easy time now. The wise bankers, howev er, are now liquidating and cleaning house while the opportunity exists to do so without creating trouble. To be a successful banker one must al ways be a lap ahead of his communi ty. Hence, foresight and courage are also very necessary requirements. Columbia, Feb. 29—TT»e end of the seventh week of the current legis lative session yesterday found the House slowly plugging away at the general appropriation bill, with less .tl^an half of the items in the measure acted upon. A large part of the week was occupied, however, with the debate on the administration bills to abolislf the tax commission, which were given their second reading in the House Thursday. The general appropriation bill, carrying $9,717,000 as reported out by the ways and means committee, had been increased directly about $260,- 000, and indirectly $275,000 more, when the House quit work yesterday. The direct increase was represented by $250,000 added to the appropria tion for the 6-0-1 school law and $10,- 000 net increase for the institutions of higher learning, while the indirect increase was a proviso levying one- fourth of a mill tax to be Continued fop three years, the proceeds of which are to be employed in erecting an en gineering building at Clemson College to replace the one destroyed by fire several months ago. The only- de crease made in the bill as a result of the debate on the floor was $6,000 in the Citadel’s appropriation for mat erials, which was reduced from $10,- 000 to $4,000. The House meets again At noon Tuesday, and if consideration of the appropriation bill, section by section, is contemplated then, it cannot reach the Senate until Wednesday, since it must be given its third reading at least one day after its second reading nly 50,000 of this num-j°f Mr. MacRae*s address, that,a com- agricultural con-! mittee of representative business men the very foundation and backbone of, stitutional special election the $500,- civilization. As soon as the immigra- 000 road bond issue which was ap- tion laws are changed, as they will be, • proved at the last Democratic pri- I can bring a million farmers from I mary election.” **. Mr. MacRae, and it] If suggested at the conclusion m,c dZttolTin'the'south^f they are proper-! from here be sent to Wilmington to , in cokJnies a> d right! investigate the colonization work be- lirinr conditions. You W* the ing done there under the direction of eeaiununities readv to bring c<hese peo- Mr. MacRae. It is expected that dele- nle in. he amid before this work »» un- gates from here, as well as Laurens dertaken. and we are not goingV get'and Greenwood will make the inapee- ’ nnless we tackle this V* ‘ tM > n tn P ami * will probably be ar- ."SSSL facts before us and a wilU&-! ranged for the latter part of this help the new settlers who much on “Ledger E to H” with little chance of learning banking. In a small bank, on the other hand, he has a chance to learn all departments. Both small and medium sized banks enable young men to make valuable contacts. To work in a banking at mosphere is also helpful. When work ing in a bank one naturally absorbs the principles of successful investing. He sees men make and lose money and, if he is observing, notes how much money is made and lost. Such knowledge is very important -both to those employes who have funds to in vest and those who some day hope to. Men connected with banks often t*\ a well educated and desirable people. Agricultural conditions in the South today, according to Mr. MacRae, are worse anywhere else in the world, l^ate is constantly a large area of farm lands being degenerated into ag ricultural alums. There are now only a few good fanners left in this entire country and they are getting poorer year by following the’ beaten path cotton. South Carolina last •eat out of the state to Western $177,000,000 for food stuffs to hare been raised right aX home. Mr. MacRae said tku|t month. The nominating committee, headed fcy S. W. Sumerel, brought in the fol lowing recommendations for - officers fof the new year: President, R. W. Wide; vice-president, W. D. Copeland; secretary, C. F. Winn; treasurer, L. D. McCrary. Directors: D. W. A. Neville, H. D. Henry, Dr. D.-J. Brimm, Dr. T. L. W. Bailey and J. F. Jacobs, Sr. Miss Janie Holland and Mr. and Mrs. Droce of Spartanburg, were the W eke-«nd guests of Mr. and Mrs. Geo. R. Holland. is completed. Chairman Robert E.' morning, Judge Henry briefly charged the grand jury as to its work at hand, saying he would have further remarks to make later as to is general duties. “Your work has just begun,” said the judge in his opening remarks to the grand jury as the body assembled to be discharged for the term. The court pointed out the powers vested in the grand jury and how the body can aid in the administration'of law and justice. It is a high office Held by a grand juror and each member of the body should live an exemplary life in his community and county, he said. “Failure of law enforcement will rest on your heads in a large measure,” he declared, in stressing the point of each member being on the alert, not only while in session, but throughout his term of office. “Laurens county is probably suf fering crop failures because of droughts, and from other things, as a result of Sabbath breaking, violence to'the laws of God and of men, in cluding the lynching of men in the county,” very earnestly declared the judge. The county will never be hap py and prosperous until men respect the law and love one another. “It behooves us to turn to God and trust in Him.” Turning to soqie of the menacing things that are calculated to disrupt the administration of the law and cor rupt society, the court mentipned fill ing stations in some instances as “nothing more than an excuse for selling liquor.” Another thing was called to the attention of the body. “It is reported to me,” he said, “that you have places in this county where they have dance halls and where they drink and play cards. You can pre vent this if it is against the morals of the county.” He impressed upon the jury members the importance of investigating these things and finding who is responsible. Still another thing going on in the county is the “check nuisance.” The man who purposely gives a check to McCaslan, of the ways and means i, 1 by the courts. .defraud should be dealt with severely J. I. YOUNG DIES IN WHITMIRE Was One of the Community’s Most Highly Valued Citizens. Father of Mrs. J. W. Milam of This City. James I. Young of Whitmire died at 10 o’clock Tuesday morning at the ripe age of 76 years. The funeral ser vices were held at 3 o’clock in the af ternoon, being conducted by Rev. Mr. Brown of the Methodist church, assist ed by the others pastors of thalfcity. Interment was in the Whitmire ceme- committee. served notice when the bill was taken up Thursday night that he mijjht offer amendments on the third reading. Under the rules of the House, the measure can not be amended on third reading except by unanimous consent, or by the chairman of the ways and means committee, and only by him when he has given previous notice. Prospects for a shorter than usual session of the General Assembly, as urged by Governor Richards in his inaugural, were already slim when the sixth week was almost gone before the appropriation bill was introduced, but they appeared to have vanished when the eve of the eighth week found the bill still not passed by the House. Meantime, the question of revenue to meet the appropriation is to be thresh ed out. Members of the ways and means sub-committee, appointed to draw up a revenue program, have reported to (Continued On Page Eight) ' As to bootleggers, he declared they are potential murderers. - They defy the law and carry on their nefarious business by day aV»d night. Judge Henry urged that the peace officers be upheld and encouraged, for they are “a protection to the women and children and oi^r property” if they are the right sort of officers. MEDICAL MEN GATHER HERE tery, and was attended by a large have opportunities for getting good | gathering of sorrowing relatives and mortgages, securing interest in syn- loyal friends. The large floral offer*- dicates, buying bonds at a discount! ings showed the high esteem in which from the list prices, etc., which out-! the deceased was held, siders do not enjoy. On the other) Prior to 15 years ago Mr. Young SUNDAY LAW IS - OBSERVED HERE Gov’ ^Richards* Orders Are Out and No Attempt Made To Monthly Meeting of County Fraternity Featured By . Addresses From Greenville Physicians. Addresses by Drs. W. B. Sparkman and R. M. Pollitzer of Greenville, fea tured the monthly meeting here Mon day afternoon of the Laurens County Medical society. Dr. W. D. Ferguson of Laurens, president , of the associa tion, presided. The papers by the visiting physici ans were .quite helpful And well re ceived. The meeting was held in the new offices of Dr. S. C. Hays and was one of the most interesting held by I the association in some time and ( arried brought out a number of subjects of unusual interest .to the medical frater nity. The next meeting of the asso- Evade “Blue” Statutes. All Clinton spent Sunday in abso- ciation will be held in I^aurens dur- hand, bank employees must be very; W as a successful farmer of lower j lute accord with the “blue” laws in i nf r March. careful never to borrow money to go into outside things but work strictly on a cash basis and even then with great discretion. A bank employe who never does anything on the side has a far better chance for promotion than one who does something on the J'jiy 0 f four sons and four daughtors, side and loses. In the latter case, the j all of whom were at his bedside when directors feel that if the young man < the end same. They are: Mrs. Da- loses when he is investing for himself, j vid Duncan of Whitmire, Mrs. J. W he would also lose the bank’s funds Jacks township, and was identified accordance with recent instructions i I)rg R E Hughs of Laurens, and with every good work and interest in (from Governor Richards. j yyr Davis of this city, were elected the community. He was a life-long | The city presented a quiet j delegates to the State Medical conven- and consistent member of the Metho- anee. Drug stores accustomed to re- ■ ^j on h e |d soon in Anderson. Drs. dist church,'first at old Sardis and maining open for business a part of w D F erpU g on an( j j. m Beardon of jater at Whitmire. He reared a fam- j Sunday took recess and the ban was i Luarcns> were name( i alternates. put on the sale of everything except drugs if emergency calls were made. Filling stations were closed tight, both in the city and on the outskirts. The had he a hand in investing them. Bank Stocks As Investments Every business man should own a little stock in the bank in which he has his commercial account. This not on ly gives him a direct interest in the bank, but also gives the bank a di rect interest in him. Such stock should of course be owned outright. The greatest asset of a business man is confidence. Confidence is far more Milam of this city, Mrs. Sam A. Lind-| Clinton Cafe remained open only forj say and Mrs. E. J. Nunnan^aker of i the serving of meals. Columbia, Messrs. Sam, George, and j Likewise, throughout the county cv- Ernest Young, all of Whitmire, and erything was closed, according to Tom P. Young of Duncan. Also sur- f Sheriff Owens, who reported not a Mill Officials At Goldville Messrs. H. W. Hack,, «. H. Hart- shorn and C. E. Bushne! of Oswego, _ N. are spending the week at Gold- viving are^wo brothers, T. R. Owens 1 single infraction against' the law dur-. vHle. The party arrived the first of of this city, and Duck Young of Po- maria, and one sister, Mrs. Ella Dun can of Whitmire. Eleven years tgo Mr. Young suffered the loss of .his wife who, before her marriage, was Miss Othello Copeland. ing the day. 1 • i H** week for the annual stockholders According to.the governor, the same'meeting of the Joanna Cotton Mills,, laws will be enforced next Synday and an inspection of the^ir property throughout the State, and so long as ’ and the extensive improvements that they remain on the books and he is hare been completed since their last iry office. visit here several months ago. ky ’ : ’*■ -vrz ' ^ •