The Clinton chronicle. (Clinton, S.C.) 1901-current, January 08, 1931, Image 8
PAGE EIGHT
TflE CTJNTOM rHHONTri.E, CIJNTON. S. C
THURSDAY, JANUARY 8, 1931
Statemen* of the Condition of
M. S. BAILEY & SON,
Bankers
Located at Clinton, S. C., at the ('lose
of Business Decen^her .’tl, I'J.iO. ,
RESOURCES
Complex Farm Year Sees Moves To
Aid Marketing And Cut Acreage
maintain prices by removing pressure
from the market.
There has Ijeen serious world over-
New York automobile show. Decern- private cable a lvice? from ‘.re ‘in pro-
1
her is the second month to regi.s^er a Queers a.?S'X‘iation in London
new high production figure, he sakl. ■ ; .
tate.
production in wheat and, to some ex- Employment stood at 32,101 for the
Wash.ngt .,n.
outcome of
tent, in cotton. There has been some week ended December 27, a gam of
Loans and I>i.scounts
Overdrafts
Bonds and Stocks Owned
by Bank
Other Real Estate Owned
Cash on hand and due from
Banks
Check.s and Cash Item.s
$7ir>.H0.').2:i
11130
ers a
Rigardle.ss, of the! market hi.s own crops profitably. The leaning toward the theory that neith- previous week, he adJe<i,'
it; many complexities, [father sjay* he can orderly supply. The er the wheat nor the cotton will find' and during the present month the fig-i^^®''* ^ 3
. ic4 a « *.rv A. 1 f X ItrO '"t « 1 1 It AI V iV 11 WwK 4/k AA/I fKgS 1 OSmOW^
4r),o >n.or>
iCi 17.49
!S regarded by many farm i<.ad-' outlet and in that instance exert ure Is likely to climb to .50,000, the^
, the que.stion. as much pressure on the market as if T^onipany’s normal operating forte.
■ ’)ernaps.tne mo.-i revo'jtif nary . , ,, • . rn, „ i- •
■. ^ . In the meantime the f^rm board, they actually were in it. The Bolivian government has ap-
^ j through it.s administration of the ag- A third revolutionary feature of the international agreement to
j ricultural marketing act, has loaned the year ha.s been a concerted stand exports quotas for 1931-32 by
Jt h.i- seen a marketing system as jCoojKuative marketing associations hv the White Flniise. the denartment i decree and has appoint!
SO.ME ATTR.H'T*VE OFFERS
I^die^’ Home Journal, $1.06 per
years, $1.50; 3 years $2.66.
osmoprditan $2.50; (lood Housekeep*
ing $2.50; both one year for $4.60.
Country (Jenfleman, 3 year*- $1.60.
associations by the White House, ^the department i decree and has aproin
.$35,84 (,9.54..50 of agriculture and the farm board for resentatives to deal with rep
surplus acreage reduction.
TOTAL
LIABILITIES
Capital Stock Paid in
Undivided Profits, less Cur
rent Expenses and Tax
es P(»id
Due to Banks an<l Bank
ers
Dividends Unpaid
Individual Deposits Suhje< t
to Chwk <1.59,2.'.9.2.5
Time Certificates of De
posit 2T(i.(l' l.'^7
Certifiwl Check■« 11.90
Cashicr’.s f'hecks ftlM.ft,')
/
Bills Payable, inehnling
Cerlifii ates for .Money
Borrow e<l
Other Liahilitie.s
$ir74.910.82
$ 20,‘201.10
On the whole, material acreage re-i
ductions in both wheat and cotton are
expected.
^'rw ^expansion has been the high
ight of the American agricultural'
27.01.5.7.5
of
program
for decades and efforts
.NONE
.\()\K
TOTAL .$971,910.82
State of South Carolina, s.s.
County of l^iurens.
Before me ( aiiie R. 4^dair, Cash
ier of lli|| uhctve named hank, who,
and ■nTFegoi'ng‘stufempn?1fHa*rrtie roiT- r
marketing
07,839.14 old the country it'^elf shaken to the' 1,.>21.;)7 and ha.s
0,498..>8 foundation and the government com- ‘^*^**^** committed.
niitted to a farm relief policy. , up seven great national
, , . farm agencies, six of them marketing
it ha. .....n an i.ffort to substitute. ,y
with the taxpayers’ money and the ad- ating in grain, cotton, wool and mo-
ininistration’s brains, a system of hair, and pecans.
.Miner-owned and controlled market- (’o-Ops For 2,000,000 Farmers
..g. ;e.s which are cxpe< ted to give There are 12,000 farm cooperatives the department of agriculture always
h“ jiroduccr profits commonly ah- representing approximately 2,000,000 have turnwl to an increa.se in yields.
by th.. .train tra.Irr, thr rutton i th.- nations H.OW.OOO farmers. The; ^he new order conlemplatea the
, ,chant, the eomm.ss.on man an I, farm Imard says that half of the
.... middleman. . ! ^.fdd.OUtl (.roduemK more than 40 dif- An.eriean demand in view of con.slant-
rtjlitu al, economic and .so< lal con- ferent crops, have been aided directly
1 v-t has Iweri thi- result. 'I'he old sy.-• , through federal loans to coofieratives,
» m made fortunes for thousand.-i, and ' S<*eond in consefjuence, ltl30 saw a i
million'; of dollar.s in assets and iia- prodigious attempt by the government
to manifiulate the law of supply an<l
demant) and to create and maintain an
artificial jiroSjierity in surplus croi»
market .s.
(irow ri to a giant-before th<- cftuntry
had hei'fi able to see above i' ; shoe
tfffis, the grain .stabilization corpor-
Washington leaders of the trade whojation hacked by $9(),0it(),()0t) of feder-
are to mafi out a campaign against al funds bought and, removed fronr Voung.stown district next week
the system which, he says, threatens . the market an <*stiiiiated 120,(MK),()00 j'*‘11 average 39 |»er cent of capacity,
to destroy him. bushels of wheat. ' increase i*f 2 jkt cent over this
The .gr^in^ trade, su|>poit«‘d in »'Hy the new crop season it is expect-..lories tk (’o., reports.!
rep-
epres' nia-
ti.ves of other signatory govc’T.mentj.
JAS. W. CALDWELL
“The .Magazine Man*’ ,
Phone 243 at 12:30 P. M.
SUBS( RIBE TO THE ( HRONICLE
«
ly increasing world production and the
narrowing of import outlet.s.
92(n;>9...«;,
.NONE
■ 100.00
hililies are tied ii|) in it. Whether it
urvives or j»i*ri.she.s, a very ilefinite
the citizen.shif) is going to
vitally affcited.
Re'I»er( us.sions arc still tfj Ire heard
ill Ilr.’ll. The independent cotton deal
er, armised to his peril, has sent to
element
he
CHEVROLET SETS
DPX’EMBER MARK
Output of (»1,0((0 I ni?-. Largest
History of ('<ncirn for
Twelfth Month i
.\ew York, .Ian. 3. Steefoperations
rfition of said hank. as--showiLJiv the
* (.o/nmercc of the United .States
the** fii'st of the old ma
b4H>ks of said hank. F£. U. ADAIR, i ^ ,, * ,
o . I I A I 1 i r slrikeTit the new
Swmrn to and suhrvribed before me
this Cth day of .lanuary, 19.‘{1.
ROBT.'s. OWK.NS.
Notary Pulilic, S. U
ed Stat(‘.s,'wa(^|, L'nite(l;i?tateH Carryovirr in the hxrllow.*^4
rk<‘t system to, of its hand. ;
aclivitie.s w]ll yontijlue unithanged at]
per croit w'hile plants of the Car-'
-hut no r5iat<‘i iul ad-
Statement of the Condition ol
ThejiCominercial Bank
Luins urul Discounts
Overdrafts
Lilierty Bonds Owned Iry
Bank
Bonds and Stocks Owmsl
by Bunk
Furniture and Fixture.s
Other Real Estate Owm-d
('ash on hand and due from
Bunks
Che<‘ks and Cash Items
Other Resources
$‘2,32.787.9.5
NONE
The operation has t arried the <lo-j JJ‘‘Ki<‘ -Steel company will rernain at .50
j vantagi- was claimed. mestic price above the world price ‘ Republic Steel operation.s
Cii the one side is the contentirr i and automatically closed the door to will advan'(*e 10 per cent, « hiefly by in-
jthat the government ha.s no right tolexfiort trade. Wheat is selling higher 'n P'?»*' production.
I de.stroy tPu* Imsiriess ol u considerable in the United .States than in any other! Uhervolet .Motor company produc-
clasH of its citizenshi|» and tax it to (‘Xiiorfing country in the wcodd. tmn foi’ December t{>ta!«*d 151,018 cars
For exporers to ojieiate, it is said., and trut ks, more than twice the 2<5,000
doine.stic prie«*s must he l‘2 to 1.5 cents units built in December of 1929, and
umh'r the world .price, whereas they
have l»een running 2 to 3 cents above.
The cotton stabilization corporation
One side says the fanner m-ver can I has been given $1.5,000,000 to help
to take things easy . . the
pause that refreshes
help the fight; on the other, that this
clu.ss ne\i‘r served any economic pur-
IxK-ated at ('liiiton, S, at the ('lo.sP|Pose and it w**II might he sacrificed
of Business Decendier 31, 1930. to the greater good of the greater
RESOURUES numlwr.
by a wide margin the biggest twelfth
month in the company's history, W, S.
Knudsen, president anil general man
ager, announced on his arrival for the
That ea*T chair, ^I ppers and an icc cold Unttc
of Coca-Cola. If that won' t rckt and rr’rtjd. 'ou
nothing rise can. That's why s<j m. ov thooswruis
of homes keep bottled Cota Cola reads ir. the
ice box. Order it by the caae fioni >our ^irtHcr.
ovni Nine MilTton a »AT-«rr had m ar. cooo to c.rr nmiac rr is
20,000.00
117.100.00
3,000.00
23,200.43
.•{8.761.0011
1 ..500.08 I
72.5.00
TOTAL
LIABILITIE.S
Capital .Stock I’aid in
Surplus Fund
Undivided I’rofits, less Cur
rent Expenses and Tax
es I’uid
Due to Banks and |{ankei s
Dividends Unpaid
Indivitlual Iteposits .Subject
to ( ht-« k
Of
soutm
.CAPOLINA,
.50,000.001|
25.000.00
I
rr.rT.,M'„T ,, i rrrrVr r r rrjT r I” I ' 1
|4iiii..m(i(riiir tjrrrrrf^r ft—
rrp
236.52
NONE
1,0.52.00"
/xWi/'trv l*ro»p*r Ihit IWoptr”
1 11,573.23
Savings Iiepo.- ts V,i52;{.17
Time. ('el l ifit ates of De-
fHis:t 1 <18..'507. (9
Ca-ha-i’s ( In ks l,20‘.t.91
Notes and Itills Ra-di^
i v Uliteil 8,50(1.09
Bills l*a\uble, ii>'luding ji
Certificates ft)r .M«iney
Borrowed :!0.000 OOj
Receive Fund Carriisl *)n
Oeneral, Individual or
t
Savings la-dger 5h7.20|
The Vahie of a Job
TOTAL , $137,090.12
(tate of .South t'antlina ss.
Coui.ty of l.auietis, .
Before me canie E. M. Boland, ('ash
ler of the above named hank, who, he-,
ing duly sworn, says that the aliove j
and foregoing statement is a tiue,
istaditiun of said hank, as shown by
the books of xuid bank.
E, .M BOLAND,
Sworn to and subscribed before my
this 5th tlay of Jamiary, Itt'll.
VERA I’. WILSON (Seal)
Ntitury Public, S. (5. j
C<t»niHt .Attest: W. D. (’iqM-land, .lack
H. Young. 11. D. Henry, Directors,
\>hile rnmin«>dit} values generally have been on the down grade in recent years, and particularly in recent months, and the
cuMsi of living has fallen. THK JOB has become immensely more valuable. Steady employment ha.s become a thing most to be
de^red.
\
Unfortunate circumstances, facing n«»t only industry, but also agriculture. c« mmerco, transportation and finance, have neces
sitated rigid elimination of all unnecessary costs. In some rases wages hate been reduced; in many cases >ejrplus labor has
ht'en dropped. I nemployment is today a problem which requires solution. I he man or woman who has steady employment today
is extremely fortunate. '
Mith the cotton manufacturing industry, the situation is particularly distressirg. Common sense has necessitated curtailment
of production and a Hubseejuent curtailment of working force. As a result, the yrtr 19.3! will no doubt .show a smaller propor
tionate number <»f operatives per mill than for years past. In fact, the mills have I .‘en finding employment for large forces of
unm*eded help for months past. This they have done solely in the interests of Iheii , wn employees. This burden, steadily increas
ing each year, has reached impossible proportions and cannot continue.
ANM .\l. MEKTINt; BOARD OF
( ()U M A COM MISSION KRS
It is interesting to note that in spite of the efforts of mill executives to give s me type of employment to as many adult eiti-
zens of their villages as possible, still the ratio of employees to residents of mill vil a es has steadily dropped since 1908, so that
the burden actually carried by the mill has become enormous. For example note:
krom the ^ i*;»r Hook—1929 of the DepL oF ARrieuiture, (’ommerce and Industries of South Carolina.
Notiie is lu-rohy given that the an
nual melting uf thV BtKird of t'ounty
Coinmis.'iioners of l>aurens ('ounty
will he held, as provided by law, on
January 8, 19.31, at the office of the
(Tounty Supervisor. .All persons hold
ing demands of any kind against the
county, not previously presented to
the Board, are rtHjuired tt) file same
with the Clerk ofvthe BiSard on or be
fore the lirst day of January, so that
the same may be examined and order
ed paid at the annual meeting.
J. D. W. WATTS,
Supervisor.
B. Y. CUIJIERTSON,
Clerk.
Dated Dec. 16, 1930,—l-8-3to.
No. of Textile
Employees
Total Mill
Population
P. C. Employees To
Mill Population
1908
1918
1929
46,885 104,214
48,169 125,942
72,223 194,272
-45%
.38%
37%
The job is all important
He who appreciates the value of a job in a time like this is wise.
-COAL-
CROWN BLOCK
AND EGG
Prompt Service.
Prices Right
CdttON MaNuRStBSr? ASSOCIATION
SOUTH CaROUNA
J. M. pms
Phene 57 We Deliver
BJ
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