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- +- s THURSDAY, JANUARY 7, 1932 THE CLINTON CHRONICLE, CLINTON,^ S. C I Die Darkeift Hour Is Just Belore Dawn predicting ^tors* in establishing this belief 'is > E}conomists are freely ^ „ ^ that the'United States is entering a the governm^t's attitude of assisi perfod of gn^eat activity in real estate, ance through the organization of the 'Perhaps the greatest boom in the his- proposed Home Loan bank of two bil- \ c^/tory of the country. One of the many Hon dollars working capital.''This BANK STATEMENTS ' Statement of tke Condition of | Commercial Bank Located at Clinton, S. C., at the Close of Bosindsa December^ 31, 1931. RESOURCES Loans and Discounts ..1 1224,1^4.10 Overdrafts NONE Liberty Bonds Owned by Bank j .... 20,000.00 Bonds and Stocks Owned by Bank ,. 122,100.00 Furniture and Fixtures 3,000.00 Other Real Elstate Owned .! 23,206.43 ^ Cash on'liand and due from \ Banks Cnecks'^and Cash Items .. Other Resources Statement ;of the Condition of M. S. BAILEY & SON, Bankers 75,856.41 703JJ6 725.00 Located at Clinton, S. C., at the Close of Businses December 31, 1931." RESOURCES “Hjoans an<} Discounts $907,394,17 Overdrafts 3,727.70' Furniture and Fixtures .... NpNF Banking. House .. Real Estate O^ned Cash on ha,nd and due from Banks ^ 70,121.64 Checks and Cash Items .... 213.82 TOTAL $469,725.30 UABILITIES Capital Stock Paid in $ 50,000.00 Surplus Fund .... 25,000.00 Undivided Profits, less Cur rent Expenses, and Tax es Paid Due to Banks and Bankers Dividends Unpaid Individual Deposits Subject to Check 225,950.33 Savings Deposits .... 5,102.71 Dme Certificates of De posit .... .... 157,780.96 NONE jt0,567.49 TOTAL ...; ..$992,024.82 should add stimulus to the growing sentiment in favor of home owner ship, such ownership providing a sta bilizer of mor^e and a source of com- fen under any and all strenuous cir cumstances. Both improved and unim proved real estate should share in this comjng activity, taking care of the rapidly growjng population of the United States. There has been a de crease in building activity throughout the United States during the last few years. It is said 'th^ the new Jnd greater building booni will be on a sounder business basis with little ten dency to over building. . In previous depressions it will be found to be a fact that where'invest ments have been made in real estate at the depressed prices substantial profits have thereby resulted. It is an investment in which it is impossible to show a complete capital loss. While real estate may be considered at a standstill at this particular tinis, still, at the beginning of the renewed de mand, real estate" values will rise to much higher level’s.-^ is predicted that the next real estate boom, now dawning, will result in real estate values rising to the highest peak'in the history of America, Not/Only real estate but all lines of endeavor will share in the great pros- UABILITIES Capital Stock Paid in $ 20,201.401 growth. There has been a 275.30 NONE 1,068.00 Re-dis- Oashier’s Checks Notes and Bills counted .... Bills Payable, including Certificates for Money Borrowed Reserve Fund Carried General, IndividuaU Savings Ledger . .. 4,041.83 Due to Banks an<^Bank- ers .... /r. .... Individual Deposits Subject to Check ...... 736,082.65 Time Certificates of De- p&sit .234,602.97 Certified Checks 44.80 Cashier’s Checks 1^093.00 971,823.42 Notes and Bills Re-dis counted Bills Payable, including Certificates for Money Borro<%cd ..I t NONE. TOTAL :.. $992,024.82 NONE on or 506.14 TOTAL $469,725.30 State of South Carolina, ss. County of Lauren.s. Before me came F. M. Boland, Cas]|^- ier of the above named bank, who, ing duly swornj says that the above j and foregoing statement is true; condition of said, bank, as shown b>i | the books of said bank. F. M. BOLAND. ' State of South Carolina, ss. .County of Laurens. Before me came R. C. Adair, Ter of the above named bank, who, being duly sworn, says that tl}e above and foregoing statement is a true con dition of said bank, as shown by the 'oooks of said bank. R. C. ADAIR. Sworn to and subscribed before me this ()th day of January, 1932. . ROBT. S. OWENS. ^ Notary Public, S. C. decrease in value of securities of over NONE 75 cent, and commodity prices have decreased over 50 per cent in valfle. There is certain to be a great upward swing in both securities and comm'edity prices, and there never was in the history of our "country a better time for investing in high grade securities of basic industries. Thousands of new millionaires are now in the making with the return of confidence together with judicious in vesting. The public not only in- this country but throughout the entire world has been living on what may be called “the stretch out system,” caus ing our manufacturing plants to op erate at a serious toss. Tailors and dressmakers report that the public is NONE NONE more raggt'd, patched, and Saturday Post, $2.00 pei Sworn to at d subscribed before tne >ear; 2 years, $3.50; 3 years, $5.Ud. JAS. >v. caldwicl:. Call 38 at 12 IV M. this 6th day of January, 1932. | VERA P. WILSON (Sdal) I Notary Public, S. C. j ^ Correct Attest: J. W. Davis, W. D.jTO TuE CHRONICLli Copeland, H. 1). Henry, Directors. » NEW LOAVES BREAD wearing remodeled clothing than ever before known. This condition cannot long ex ist and with the return of this new demand, the wheels of progress will turn with even greater activity than ever before, requiring an added army qf skilled -workmen. All industry, | commerce and agriculture w’ill like-' wise be rapidly speeded up. handbill ^<’as recently dfstributed in London which reviewed| the follow ing prophecies of great men in other days: ’ , ’ William Pitt said: “There is scarce- ly anything around us hut ruin and despair.” Wilbur Force in the early ISOO’s .said: “I dare not marry, the future is so dark and unsettled.” Lord Grey, in 1819, said he lielicved I “eyerything is tending to a convul sion. ' The Duke of W’ellington on the ev.^ cf his death, in 1841, thanked God he LARGE PULLMAN 24 ounce wrapped LARGE PAN LOAF 20 ounce wrapped 10c SHORTENING C 8 " Buckat 7c 59c TOMATOES FuU 4 Pack No. 2 Cana 25c SAUlD DRESSING 19e SPECIAL COMBINATION OFFER 1 doz. Grandmothw’f ROLLS AND Jr 1 Saltana PEANtrr BUTTER CORN 'SiS 4 29c CiM ^ ENCORE MACARONI or SPHAGHETD 6 pkgs- 25c Fat Backs Hi. 7c ^ EL RIO Coffee 2 k fsc FLOUR lin 96 lb. Bag il J9» would “he spared from seeing the con summation of riiin that is gathering about us.” , 'Disrjieir (1849): “In industry, com merce and agriculture there is nj hope.” Queen Adelaide, consort of King William IV, said she “had only one desire, torplay* the part of MarieH\n- toinette with bravery in the revolution that,was coming on England.” ■ Lord Shaftsbury (1848): “Noth’ng can save the British Empire from shipwreck.” But, concludes the circular, “We came through all right, and shall do so again.” _ - The Cambridge Associates, Inc., gives an outline'of historical happen ings cf various panics'as follows: 1841:. Nine-tenths of the Eastern factor ies close. TwO-thirds of the clerks are discharged. M^ny industries shut down entirely. Several states repudi ate bonds. F'ive thousand men storm city hall in Boston. The next twelve years were pros perous,. with only two minor interrup tions. "" 1857 Industry ‘ almost stops entirely.^ Prcperty falls 25 to 75 per cent in value. Parading mobs in New York cry “bread or death.” Sub-treasury in MILK White- Hoiue 4 TeU Cent 25c i MEAL or GRITS loosi 5 lbs- 10c i GOLD DUST 3 pkp. 10c CAUL^LOWBR, lb 15c Celery, 2 for 25c Irish Potatoes, 10 Ib. 19c Bell PepperC Ib. 12‘/ic Ureen Beans, Ib. ..i... 10c I neCreatAtlaiitieikPacifieTNaCo Wall srteet is stormed and is only -saved by federal troops. ' Business rose steadily for three years. 1873 Jay Cooke & Co,, compared with Bank of England, in strength, fails. Stock exchange closes for eight days. Providence^ firm fAils foi^ more than entire Rhode Island state debt. Pig iron cannot be. sold for any price. Depression followed by five pros-1 perous years. 1893 Reading, Atchison, Erie, Union Pa cific, Northern Pacific fail for com bined loss of '$2,400,000,000. Union Pacific sells for $4 per share, (a as sessed for $16. Currency m ’Worth 4 per cent more than checks/Call mon- ey is asked for at 360 per cent but no money is'available. Depression followed by six prosper- yeart. 1921 Observers tay “Plants are over- expanded, and because England and Europe are off the gold basis, pros perity cannot return.” Gieatest prosperity in history de veloped during the ensuing eight years. mi ^ Observers say “Plants are over- expanded and because England is off the gold' basis, prosperity cannot re turn,” —The Securities Investment Co. \' :• \ A circus wagon can be pulled along a dirt road — they can buckle down and haul it ^rough a little sand and mud. But when itjbogs in the mud — when every-day horse power fails — it’s time to put the "Elephant tp work! There comes a time in business when sales slow up — when buyers hesitate — when mer chandise won’t move. All the plans that worked So well when the road was smooth somehow low their power to pull. But there is a power than comes into its own at such a time as this — IT’S THE CONCENTRATED POWER OF REGULAR ADVERTISING. --V is the Ele- in Your Business in 1932 ’The Paper Everybody Reads” ■gkM f ' \' I —■—