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• » i THE CHRONICLE , • • Strives To Be a Clean News- • , paper. Complete, Newsy, - and Reliable. VOLUME XXXII Clinton; s. c., THuifeDAv, January i4, i932 •I LEGISLATURE NOW IN SESSION i: i i f ;V Lawmakers Get Away To Flying Start. Appropriation Bill Slic ed Two Million. Resolutions . Introduced Favor Brief Ses sion and Economy. The lowest Re-^Arrest Crisp In Rasor Case N/JMBER 2 m Bcndsmen Give Him Up To Sheriff Owens After Hitt’s Statement In Columbia. ‘■i Columbia. Jan. 12. S ropriations bill since 1^^^ 0-1 whool law was enect- roduced in the house to- ways and nieans commit ’s total was $8,188,772.64, more than t\*h5k million dollars lower than the 1931 appropriations meas ure. A comipanion bill iMroduced by the committee at the same tipie would de vote the five-mill Slate prbperty levy to retirement of the $5,000,0^ defi cit, which the levy could do inHhree years. The measures were placed^on the calendar for consideration tomor row. The appropriations hill as written would he within estimated revenues for J932 exclusive of the five-mill levy. Drastic slashes were made by the committee, which met here last week to draw up the measure, in appropri ations for state departments and in stitutions. All salaries are cut, lx‘}fin- ning at 10 per cent and ranRinsr to re<luctions of above 30 per cent on the hiprlie.st salaries. Introduction of the e<‘onomy meas ure (m the ojieninK day oL the season, in marked' cpntrast to last year’s de lay, led many members to preiiict a much shorter session and one which would see reduction in governmental e/penditures. The total of the bill had been an nounced last Friday as $8,300,000, but revisions today and discovery of er rors in compil^on, brought it down to $8,188,772.64. The budget commis sion had recommended expenditures of approximately $9,630,000. The measure is about $2,500,000 under the one approved last year. Among branches of the government which would be eliminated under the bill and approximate having follow: County fi^nTraha~1roTnr-d:e^^ I^aurens, Jan. 12.—The bondsmen of Eugene Crisp, one of six men under charges in the slaying of W. C. Rasor, former Cross Hill banker, today sur rendered Crisp to Sheriff Columbus Owens. Crisp, 26-year-old resident of Cross Hill, had been under a $2,500|^ond on a charge of being an accessory in the slaying of the 71-year-old man on the night of Sept. 26. J. W. Richardson, sti^te detective, announced today Ernest Hitt, 21, of Cross Hill, held in the penitentiary at Columbia on a charge of i^urder in the ^layinj^, had made a statement to authorities. Shortly afterwards, Hor ace L. McSw’ain, Jr., and S, M. Lea- man of Cross Hill, bondsmen for CHsp, notified the sheriff they wished to withdraw their bond. Crisp ins re-arrested and placed in the count^jail. So far as <N^uld be learned no mdve had been mad^ tonight to re-arrest two,others under'bonds pf $2,500 ^ftch on charges pf being accessories in the slaying. They are Henry Rasor, 45- year-old son of the slain man, and Im- than Crisp, 30, brother of E^ene Crisp. ' ' Two Cross Hill Negroes, Isaiah tion agents, $156,250.^3. County health officers, $46,900^ The law enforcement appropriatiun, which provides for state constable.s, would be cut from $55,000 to $5,000, thus abolishing the state constabu- lafy. held in the case. They are in the pen itentiary at Columbia. State C/onstable Richardson at Co lumbia, said Hitt had told authorities who killed W. C. Rasor. He did not disclose the name, but .said Hitt was not the slayer. Richardson declined to comment further on Hitt’s purported statement, other than to say “I’m not turning anybody loose.’’ W. C. Rasor, wbo had retired from active business, was beaten to death in his home at Cross Hill. A son, Jake Rasor, who lived with his father, was attacked and seriously injured as he returned home about midnight the night of the slaying. He said he was unable to identify his assailants. % ^'11 "was said here that-Jake-Rasdr has bean living in Greenwood since the night of the slaying. He has an aunt and other relatives there. ’ The state 6-0-1 school appropriation would be slashed 10 per cent, lower ing it to $3,122,287—a saving of $377,- 713. It was estimated roughly that sal ary reductions, a ci,ntinuation of those applied last year, would save at least $500,000. Provision^ for free houses to certain faculty members and state colleges would be done away with and the bill in effect would re-^ quire rent. A cut of $70,000 was made in the appropriation for Confederate pen sions. . The pruning knife was applied to virtually every department and insti tution of the state. If legislative pre cedent holds good the bill’s- total will be raised as it’ passes through the hands of the house and senate. Among bills introduced at tonight’s session was one by J. B. Go>bson, of Dillon, which would greatly liberal ize the S^th Carolina libel laws. ^ Many bills on the calendar from. Final-"* Smith’s BiU To Aid Farmers The Chronicle received the follow ing telegram yesterday from United .States Senator FI. D. .Smith concern'- ing hig amendmwit to the reconatruc- tion bill just passtnl by-the senate, and now up^ in the house for consid eration: “My amendmeni to reconstruction those'o^cupying them to pay'finance bill, authorizing an appropri ation for fifty million dollars to aid farmers m making 1932 crops, was adopted by the senate this aften^oon. It will be administered by the agricul tural department in similar manner as my seed loan legislation was in the years 1929-30 and 31. Bill carrying this amendment will probably go to Written for 'Phe Chronicle by Caleb Johnson Throug|i Autocaster .Service, The government of the United States starts the year 1932 with a budgetary deficit of piore than a thousand million dollars. That means that, the amount of inany which has been appropriated for government purposes exceeds, by a billion dollars, in one year alone, the total amount that -can be collected under present taxhtion systems. •» times what it spent twenty years back. The j?ost office showed a book profit in 1$J1, before the government went into ttie parcel post and air mail business, as against a loss of 4145,- 000,000 in 1931. Those are the largest increases in governmental exp)enditures in the past twenty years. All of the other ’de partments andl bureaus, however, are costing more-to operate. Even the president’s expenses for the mainte nance of the White House and its XT , -11 V 1 staff and his salary and that of his Next year will be worse, unless the , . • »,, aaa _ , » . _ secretaries is $44,000 a year more than it was twenty years ago. And the steady tendency of these governmental costs is to increase. “Spend'more money and increase tax- /fes”"is the slogan of the ordinary poli tician, regardless of his party. Right now the United Stag's gov- new congress does one of two things. Either expenses of the government must be cut or taxes must "be increas ed. A^d the talk is mostly about in- creasibg taxes. That is what the men who are running the different depart ments and bureaus of the government alwa^j'S want to do. They do not want to reduce expenses. But, as the rec ord shows, they are always ready to increase them. Ivet’s look at the figures. In, 19lV’it cost $726,424,849.57 to run the United States of America. In 1931 the coat was 4,219,950.338.88. Government " Costs were multiplied nearly six times in twenty years! Our population has increased only one-third in that time. Our national wealth has doubled. There is no doubt that it costs more to run the nation's affairs than it used to, but there is a lot of doubt whether it is nis’essary Richards and I^ee Payne, are being^ to spend over five times as much as e did twenty years ago. en a business finds itself in dif- unable to meet its obliga tions from its usual sources of in come, it cuts expenses first, theirTHes to increase^ale-s. In the case of the United State.s government the incli nation is to increase sales—that is to say, sources of income, which are tax es—-befofe cutting costs.. Some of the increased cpsts can’t be cut very much, to be sure.^^y^*’’'’^ bad a war, a tremendously expensive war, since 1911; In 1911 our public debt was so small that it took only 21 lisil- lion dollars to pay the interest- on it. We ran deeply into debt to finance the war, and there have be<m years, 1920--and-1923, when interest on the public debt alone ran to over a bilUon dollars. It still accounts for more than a sixth of aH-"ottn-4H»t-of--iqiexAt.iftnji. running above $70(1,000,000' a year. And there isn’t any way to cut that down* without paying off the debt, which would call for a lot more taxes. In the boom year of l‘.>28, for example, Bailey’s Bank Has Good Year County’s Oldest Bankinjg House Maintains Financial Strength For Afandst Half Century. SENATE PASSES RELIEF BILL M. S. Bailey & Son, Bankers, of this city, and the only privately owned banking institution in the state, has closed another succes.sful year, ac cording to its statement’of the first! of the year. This bank, establish^ in 1886 by the late M. S. Bailey, pionber banker and manufacturer in this sec tion, will reach its 46th birthday next month, and during this long period, both through periods of prosperity and depression, it has maintained its" position as ofe of the oldest and strongest banks in the state. The bank’s statement at the close of the year just ended, showed total Reconstruction Measure To Bet ter Times Wins By Bij^ Major ity. Two Billions W’ill Become Available for Stimulating Business. House To Act Soon. assets of $992,024.82, loans $911,121,- ernment is up against the problem ofjS7, deposits $971,823.82, and no billfe where the tax money is coming from, payable. It is a significant fact that Incomes’ are down, and income taxes in its long history of almost half a down in proportion. Any new; kinds century, its capital stock of $20,201.40 of taxes are bound to be res<mtiHl, and has remained unchanged from the day will be difficult, if not impossible, to it threw its doors open for business, collect. Already oqr customs revenues I The bank is headed as president by are declining, in spite of the in(^rea.s- ed duties under the new tariff law, be cause our business men are not im- porting;goods for which they have no sale. The other solution is to,cut ex penses. The question at once arises. “Where?” Any effort ot cut the cost of the army or navy, to abandon the' pension system or refuse further fwl- eralsall to road building, to stop work on public improvements or let our merchant marine shift for itself is (•ertain to arouse a storm of opposi tion such as no •‘politician dares to face. •• There is a strong movement to re peal the prohibition amendn\ent, hacK- ed not only by those who btdieve pro- W. J. Bailey, widely known rnanufac turer and banker, and a son of the in stitution’s j founder. Other officers are: R. C. Adair, cashier; Robert S. Owens, teller, Goyne L. Simpson and R. G. Wabson, bookkeepers. Commercial Holds Annual Meeting Ix>cal Bank Makea Splendid Rec ord for Past Year and Is In Excellent Condition. The annual stockholders meeting of the Commercial Bank of this .city, hibition is a failure but by others wbo j Tue^wlay afternoon in the W’ashington, Jan. 11—The first and mightiest «of the administration’s measures designed to lead the way to better times swept through the senate tonight on the crest of bi-partisan support. • — . ‘ By vote of 63 to 8 the emergency two billion dollar reconstruction - fi nance corporation urged by President Hoover, was approve<l and sent to the house, where a vote is expected Wed nesday or Thursday. ^ Promised sil ar support there, the ■piammoth govjernment credit institu tion is expected to be functioning within a week. Debate on a compan ion measure was begun in thq house t(Klay without waiting for sdnat©, ac- would like to restore the revenue the government used to get from the tax on beer and spirits. That averaged about $225,000,000 a year up to 1920, and might easily yield much more than that if the sale of alcdholic drink were re-legalized. But that would be but^a drop in the bucket compared with the govrenment’s present need orf eitherHoppitig off from one to two billion dollars of ex{)en8e or finding -neW: ^-aaurct:a_._,aL,,Tev£pue to that amount. 7 ‘There will be Ihud cries of “econ omy” heard from poiiUci^l leaders of all parties from now cm. Hut, pressed for details as to where tnby are going bank rooms. The feport of President Henry for the year was heard, show ing that^this institution had enjoyed a satisfactory and succeawful tion. . On motion of Senator Carey, Re- publicAn, W’yoming, the senate turned to consideration of the hill to increase capitalization of the Federal _Land banks by $125,000,(M)0. immediately after disposing of the finanoe corpor- ation measure. This is the second of the adminis tration sponsore<l economic ■ rehabili tation bills. As passed by the senate the finance, corporation will have powjiT to pour its billions in loans into banks, sav ings banks, trust companies, building and loan asscx'iations, the railroads, insurance companies, agricultural and live stock credit corporations, Federal- I'-ml Joint Stock Land banks,, m'ort- gage loan companies and exporting agencies. It carries a “ridi'r” by Sena tor Smith, Democrat, South (^arolina, providing $50,000,000 to be loaned by the agriculture department to farm ers. . Vigorous attempts were made in ten year m 1931 and revealing a sound business hours of debate which preceded the tax inco.me enabled us to pay off over first, most of themNvill hesi $540,000,0(K) of public debt out of cur-1Aiul, somehow or other, as h< rent income and we had a | alway.s dm^ Uncle i^m "mil “muddh surplvs of over 400 million left. This j •• public debt amounts now to about j 'fifteen billion dollars. If Euro'pean i nation could and would pay us what they owe us now, it would cut more than^ twQ-thkds of- th»it off at once and reduce our interest accordingly. But they are paying us only about $210,000,000 a year, principal and in terest, and in the meantime Uncle Sam has to pay interest on^the money he borrowed from American citizens to lend to Europe in the war. Mainly because of these war obli gations, the treasury department’s ex house tonight and I hope house will | concur as quickly as possible, thereby ' Tax Collections Show Decrease condition. The statement made a tine showing both for Clinton and this sec tion, and^for those who operate the bank. ^ The bank’s report showed total as- .sets of $469,725.30, deposits, $388,- 834.03, loans $224,134.10, and no re- -discounts or bills payable. The depos its showed a substantial increase over the statement of a year ago. n. I). Henry w^as re-eiected presi dent; John H. Y<rung ami U H, Da vidson, vice-presidents; F. M. Boland, cashier. The following board of direc-. John H. Young, Dr. J. W. Davis, l>r. J. I>H‘ Young, F. M. Boland, L. H. Davidson, H. 1). Henry and W (V)peland. V I). vote to have itsdending provisions ex tended to municipalities but these were defeate<l by 45jfc« 28. New York’s senator blocke<l the amendment, a.s- serting New York banks were trying to force a rise in transit fares. Going farther, the senate struck out .an amendment, spons^ored by Senator. Shipstead, Farmer-Lahor, Minnesota, permitting loans to <‘states and state- operated creilit systems* This latter move was made on rno- tion of Senator (Jlas.s, Deniin-rat, Vir- ginia^ifho was asked to the White tors was re-elected: Jack H. Young,. Jiou.^e earlier in the day, accompanied Income On OHier Than Corpor-i ajion Property About $47,000 Isess Than Last Year. enabling farmers to make nventa for their crops.” arrange- last year were killed or tabled - ^ ly a resoution was approved recum- ^ mitting all bills and resolutions for passing on second reading, sharply re ducing the size of the calendar. IMunge Into Business ■ Columbia, Jan. 12.—The second ses sion of the 79th general assembly of South Carolina was convened here at noon today and the lawmakers imme diately plunged into consideration of pressing problems they face. Sentiment was widely expressed for a short session which would see reduction m state and county expen ditures. Night sessions were held to- (Continued on page fl^ur) Commencement Speaker Named 1932 Football Menu I Commencement exercises at PresV byterian College will be ushered in Oh Sunday morning, June 5th, wifK' the annual baccalaureate sermon. It was announced yesterday by President MeSweeri ;that’ the Rev. Samuel MePheeters Glasgow, D.D., pastor of the' Independent fhresbyte- rian church of ^vajnaalu Ga., has ac cepted an invitation to deliver the ser- this interesting occasion. Dr. )W was First Presbyterian church of Knox^ vtUe, Tenn., and is one of the out- in standing scholars and ministers Uie Southern Presbyterian church, * The speakep for UmA comipenceipent day addressi has not yet been an- Boimced* I'nrrrifriirawirfr" it iiuii'inrraNiTBagT.-aagBWi Prejsbyterian’s football sched ule for 1932 was announced Wednesday by Coach Johnson, and shows that the number of games to be played during the season has been cut to eight. Chattanooga and Wake Foreat, on the docket for the past few years, were dropped, and High Poini 'of North Carolnia, was added. As is the annual custom, the Clemson game is the opener. Three home games are on the list. The iichedule follows: ‘ September 24 — Cle/pson at Clemson. > October 1 — Lenoir Rhyne at CliiAon, October S—Mercer at Macon, Ga. ' J October 16.-^ High Point at High Point, N. C. October 22—Open.. Octob€(r 28—Wofford at Clin- tpu. Huso—r- 5 — Newberry Tax collections for the period end ing December 31st, when the one per cent penalty went- on, showed a de crease of $22,511.80 under the figure 037 as compare^ with $122,427,8.)3 iUj^f year, according to figures 1911. ' ^ I made public last week by D. Roy Another big item of ncrease in gov-] county treasurer. The total nment costs' as compared with twen- amount collecte<l this year, said Mr. Presbyterian Men To Meet Friday ern ty years ago fs also an inheritance from the war. This is the o[T&ration of the Veterans’ Bureau, which includes all disbursements for - pensions, care 1 of ex-service men in hos|)ital3 and otherwise, and the bonus payments asurer. s Simpson, was $31.5,288.72, as com pared with $.3.37,800.52 la.st year, he said. A get-together mtHdlng of the men of the Fir.'it Presbyterian church of this city has been arranged for Fri day night at 7:30 in the Sunday keh(Md rooms of the church. The speaker fur the occa.sion will be Dr. Flournoy Sheppt'rson,.. pastor of the ' Second Presbyterian church of Greenville, who has been unusually succe.ssful with the work of men’s organizations. A dutch supper will be st'rved by the ladie.s of the church and any members who,have not made their reservation.s or who have Inxm ovcrlookeil, are ask- The actual decrease in taxes paid on other than corporatum pro|»erty IsIimI to communicate at once with Frank greater, though, than appears on its j fJodfrey. More than a billion and a quarter dol-ifacp^ sai,j jyij- Simpson. This isj The meeting has l)een -arranged lars have been loaned on adjusted ser-j brought about, he states, by reason j preliminary to perfecting a “.Men of vice certificates .so far, and mo.'e than of the fact that in Pj31 the S. A. {the ("hurch” organization in this con- railroad pai<l its tax before the pen-|.gregation. An unusually large attend-i 4be treasury'Would be the governor of the Fedeial Reserve board and farm loan commi.ssioner by Senator Walcott, Republican, Con-" rtecticut, author of the hill. Glass and Senator Hulkley, Denio.rat, Ohio, -iid- (k1 Walcott in managing the measure in the senate. ’ '' St'cretary Mellon,, who will be one of the members„.of the hoanl of direc tors ()f the corporation, w'as as.sailed in deJ)ate on an amendment prohibit ing the corporation from making a loan to any/ firm in w hich a member of the hoard has a finaiivial interest. • Citing an old statute barring the .'■ecretary of the trea.suiy.ship to any man engaged in comnu-ice or tiade, Senator Black, Deuio'ia;, Alaba.ma, asserle<l “it i.s well known we have a secrt.*tary of the treasury who is serv ing in'vjolation of that law.’’’ .J‘resi<lent ^Hoover, it i.s understood, is ready -to naxne.Jhe hoard of the cor poration as sooli asr the hill is finally “enacted. The nahi^.of Bernard .M. Ba ruch of New' York," chaii rnan of the war industries hoard, is fieciuently heard as one of Ihe liktly D. inocra^c mem^bers and possibly- the chairman. On the seven-man board of direc tors besides the secreta'y or un ler- 260 million will be nedeed, before, next June for this purpose alone. laity went on, whereas in 19.30 its tax-j ance is expt‘cte<l tomorrow evening. The V’etefans’ Bureau is only one ofje.s were not pai<i on time and were re- V Npvember Newberry. -November Qluirleston..' November it 12^'^ Qtidel it 19— Erskine it , Clinton. r, '■V, The.frechffiih schedule will be 'announced it-i later,dite. J SmSSm some twenty or more indejienderit bu reaus or offites,. not under the juris diction of any department but repopct- ing direct to the president..These in clude the shipping board—also a war inheritance—-^he F ederal F arm board^j the Interstate Commerce^ommission the Federal Tra^le commjarion, the U. S. Tariff commission, t|>e Inland Wa terways corporation and ■ many oth ers, These independent offices of the government spent $1 ,.308,000,090 in 1931 as against $166,000,000 in 1911 Expenses of .other' departments have increased. The department of justice, mainly because of having pro hibition -enforcement wished on it, had appropriations of $44,000,000 in 1931'as compared with .only $9,500,000 in 1911. The department of agricul ture has so extended its scope of op erations, especially in the bureau of public highways which spends the federal-aid ro^ appropriations, that it cost 1296,(W,000 to run it last year,, where it spent only about iweri- ty millions tweny years ago.' We are maintaining a larger army and a larg er navy than ever befoire, except dur ing war time. War department costs ran up to $489,000,000 in 1931,k Com paring .with about $188,000J)0() inFi^tter 1911; the navy department spent $354,000,000, which is almost three, oeived only"''S' couple of weeks ago. Therefore, he said, the actual differ-' ence l>etween taxes paid this year and last year on non-corporate property,* such as real estate and personal prop erty, is approximately $47,000. The .Seaboard railway, about which much has been r^>orted in the papers, j said Mr. Simpson, has brought its tax- payments up to date. The total taxes due to he^'collecttxi for the year, Laid Mr. Simp.son, is $557,902.62, leaving about $242,500 yet to be collected, practically none of which if on corporation property. Council Extends License Time City (wunciF on yesterday extended the time for payment of 1932 butiheff licneses fromJan. 1C to 15th without penirtt^ The thirty dty ex tension was/made this yew eontnurt fh an estabnslie^luttom, in ordtf to give jnerchaii^iiM, Inifinasi heuMy additional *hia obli gation fW^^nf Bfimr the paymost of 0ty «^i(ip|^|^xef the tier part of'Noweinl^liw Oocem- r. AH liwnaoa not by |Pob.'15th, havo tho added penalty applied. HOUSEWIVES! » With the New Year here, it is in order to make good resolutions, especially when k means money in your pocketbook. Man5r. Clinton women have Already re solved to profit by THE CHRONIC 1/E’S grocery ad vertisements every Thyrs- day morning during ,1932 and are saving much mon ey thereby. This is addres.s- ed to those who havA not yet formed the habit: “Resolved, that I will. consult THE CHRONICLE frocery advertisei^pnts ev ery Thursday rnomijig, se lect my needs for Hie jweek, -andmit the savings in the^ bank.” Ail of your grocery needa- can easily be supplied through THE CHRONI-^ CLE. .' and four, others appointed by tho preskient with the senate’s eunsent. Moore Gives Up Clinton Hotel r" Mr. and Mrs, W. C. Moore, who j have operated the Clinton Hotel for the past fourteen months, have given I up their lease ^nd will return to their , former home iii Greenwood within the [next few days. John H. Young, owner j of the property, has made no^ an* I nouneement as to who will take ovqr i the management of j hostlery. The many friends in the city of Mr. and Mrs. Moore will regret to know that they have relinquished their ho tel connection here and are leaving the city. Under, their management the hotel has grown in favor and’patron age, their dining room has maintained wexcelhnft'^reputation and'has at- the /well-known 1 tracted many traveling men, visitors and touriata. Miaa Katherine Jones has rrturned to the city after a two month^ visit to her Hater, Mrs. Brunson, in Rock HilL She la now with Mrs.George M. Davia. V- t. - ■ ■ ’(J. / ' A*?- ^ ,