Historical Newspapers of South Carolina

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IT ^ : 4 » .1 VP ■ »' ■*^1T - :r » ^1 "- #f'| 7“ I.*". ' ’»^- * ‘ . * * , T'_. « • • TH^ CHRONICLE « • StriTes To ^ « Clean News* • S' I • • \ piper, ConpIetCi^Newsy, • • „ '^: end Reliible. • • J VOLUME XXXII r. CLINTON, S. C.,^THUi{SDAY, jXmJARY 28, 1932 SMITH APPEALS TOGOVPNORS Senior , Senator Conies From Conference With HooTer and Brings Promise of Withdraw al of 8,000,60 Bales of Cotton Off Market If States Will Line; Up Behind Texas Plan. • Washington, Jan., 26.—Promise Jof a withdrawal of 8,000,000 hales of cot ton from the market was held out to day by Senator E. D. Smith in an ur gent** appeal to the governors of North Carolina, Georgia and Alabama to line up behind the Texas acreage reduction planC Senator Smith referred to President Hoover in making the premise which, if consummated, he believes will stim ulate prices materially next year DID YOU KNOW? RECONSTRUCTION CORPORATION WILL BE BIG HELP TO BUSINESS ••r THAT—The 'best advertising which any city or town can have is found in the manner in which it.i citiiens speak of it when they are away from home. How" often we find men. and women who, when ^visiting elsewhere, are prone to criticise their own city to others. They declare it to be dead, that it has, few attractions, and tiiat they would not live in it if they could find employment and a chao<^e to live elsewhere. • Such men and women may not realize it, but in condemning their own city, they are condemning them selves. No city can be any better or greater than the people who live in it. (Written for The Chronicle by Caleb Johnson Through Autocaster Service). i . ♦ "Congress has agrreed to President Hoover’s proposal for th|e establish ment oXa Reconstruction Finance cof-- poration, to come to the aid of banks, railroads and other institution^ which are suffering from “frozen assets.” With two billion dollars—two thoui- and millions—at its disposal, what is this pool of capital expected to do, and how will it do it? savings bankif, national banks and trust'Companies, and individuals. Next to the construction industry, the rail roads represent perhaps the largest single concentrated unit for purchas ing materials and employing l^bor; and their credit position is an ex tremely important item in the nation al structure at the present time. The R. F. €; is an emergency measure, and is not expected to con tinue in operation after the emergen cy has passed. Any institution which Plans Forming For Rasor Trial Case Will Come Up Middle of February. Additional Counsel Added By State. NUMBER 4 IN CHANNEL I,auTens, Jan. 22.—I.aurens county officials are looking to the* February term of general sessidns court, which will convene Monday, February 15, when it is expected that the tria’ of the men held in connection with the slaying of William C. Rasor, former banker and retired business man This is the most important move newls its help must apply within one which has been made so far .to relieve! ^roni the date of the president’s grow', will help it to be more attrac tive.. After, all, it is that loyalty in individuals, multiplied thousands of times over, that makes the kind of community spirit whch makes some cities stand out as superior to others. If we were asked to name some of the attributes^f go<^ citizenahip, w« would place LOYALTY to ihe home city in the forefront. And one of the finest ways in which to express that loyalty is to shoulder your part of the responsibility for its development, to j take every opportunity to boost the sissippi and South Carolina have join-^ home city, and to tell the world that scd in this agreement. state* j jg finest place on earth. How fine it would be if Clinton could dis card its streot knockers who lind fault in everything, and every citizen make a habit of practicing civic loyalty. the depression from'^which everybody in the United States, is suffering in some degree, and it is something we all ought to understand. To begin with, the Reconstruction Finance corporation, which probably will be popular referred to as the “R. F. C.,” will get its capital by offering bonds for sale to investors. As these Men and ^omen who earn their Hv-will be guaranteed by the Unit- ing4n a city should be loyal to that ^ States treasury, they will be as se- city. Their loyalty will help it to; government bonds, and there- signature, altho.ugh the president may, by proclamation, extend this pe riod to two years. Loans will be made He urged the governor/ of thej they are dead, th<* city will be dead, three cotton producing states to comejl^ they do nothirtg^to make it more here for a conference with the presi-1 attractive, then it vrill never be at- dent. tractive. The 8,000,000 t ale withdrawal from the market is the largest so far put forward. farm board already has agreed to hold off 1,300,000 bales and the <!ocperative3 2.000,000. Southern bankers have agreed to carry over an other 3,500,000. It all dcpenvls c>n the states falling into line on the Texas reduction plan. Just 3how the other ipillion-odd bales is going to be withdrawn was not disclosed by Smith, who Ifas been in consultation with the president. The Texas plan provides, for a 50 per cent I cut in cotton acreage. The states ofj Louisiana, Arkansas, Mis- There is every reason to expect that ^‘nd Eugene ('risp the establishment and operations of the R. F. C. will accomplish the two things which all financial leaders agree need to be done. These' are to provide a^lnafkeL for in alone account for about 76 per cent of cotton produced. With the states of North Carolina, Georgia and AlabaifTa in line, it is es timated that 85 per cent of the cot ton production for the next • year would ^ controlled. Senator Smith sent the tollowing telegie.m to the three governor": “Can -you taki some positive action along the line ot tlie Texas plan for reduction of cotton acreage? Have talked with .the president and if such action can hfd Caro! nu, Georgia arid Alabama, cooperating with the other states that have al ready acted, the prospects are that eight million bales can be retired from the market for two years. Could you find it' convenient to come to Wash ington and we have a conference with the president? Time is the essence of ibis ipatter. It . is tri^cally tmpar Veteran Carrier Soon To Retire fore it is expected that there will be no trouble experienced in luring timid money out of hiding and putting it to work by this means. We can take it as as.sured that there will be two bil lion dollars, or as much of it as may be needed, speedily available for 'the work of the R. F. C. _ There will be a board of directors of seven men to manage the R. F. C. They will include the secretary, of the treasury and the governor of the Fed eral Reserve board, together with one other high government official and four men not connected with the gov ernment, but selected because of th^ir banking and business knowledge and i stagnation. experience. President Hoover has al- j There are other factors in the gen- ready intimated that the two Demo- eral business situation, of course. The crats who will be appointed to these! worst of them, at this time, is the posts wilLbe Bernard M. Baruch, who European . financial situation. Little -was chairman of the War Finance cor-' that can 'be done by legislation at Cross Hil], Seiftemiber 26, last, will j to the spot *from nearby Portsmouth, be called. . . !chief English naval base^ Fears wore .\nnourH?ement was made today by j expressed for the safety of the crow, one of the members of the jury com-; normally six officers and 48 men, al- mission that the grand jury to serve though officials said the .submarine this year will be completed and a ve-1 could remain under , water for _ 43 for an original period of three years, j it*of *36 petit jurors for the one I hours. which may be eortended to five. At the 1 week of circuit court will be drawn j The M-2 dived at 10:30 a. m. yes- end of five years the non-office-hold-, Saturday, January 30. terday five miles west of Portland in* ing directors are to be droppetl, butj Judge G. B. Greene of Anderson, is 18 fathoms of water. When'she failed the R. C. may continue in exist-1 ^H'heduled to preside over the court, to return on schedule, four destroyers ence for another five years, to give | However, it is likely that {and two submarines went to search time to dispo.se of any of the “frozen | Criief Justice Blease will be requesteo I for her. Two lighters joine<l the flo ’ . /•. . . 1assign another circuit co’'rt judge} tilla later (o attemjit to raise the .sub- to hold the Laurens session, inasmuch; marine in event she was found on the a,s Judge Greene, is considered to be!b()ttom. di?qualifie<l because' of his relation-' An object supposed to be the .M-2 ship to two of the defendanj'^ I^than! was located during the night in 17 assets” it may have left on its hands. .\fter that it is to turn over whatever it has left to the treasury and'the fi nal liquidation will be up to''the gov ernment. ' - British Submarine Fails To Rise From Floor of Einsriish Chan nel. Fear For Crew of 54 HeW. Hope Not Abandoned. London. Jan. 27.—The British sub marine M-2 dived yesterday off Port land, failed to come up, and hours lat er was believed to have been located ?r j at the bottom of the Engli||j|. channel. )f. Salvage craft 'and divers were seat Another d^velopn’ent in the Rasor trial plans so far advanced by the state was the announcement this week by' Solicitor H S. Blackwell io the ef- securities of . feet tha+ h" had empIiTyed U. E.TJebb banks and railroads -hvhich are now . and the fi^m of Huff and Huff to as- unmarketable, although of great val-' sist In the prosecution of the case, ue, and to restore confidence, the un reasoning lack of which, in the face of the really solid foundations on which our economic., situation stands, is the basic cause of our present business in fathoms of water on the-sandy bott i.n of the channel three milc.s west of Portland bill, a rocky [iromontory off the Dorset coa-st. .\s soon as rumors spread throu.;''- out the naval iwVrt oTTbrtland that “something had happened” to the marine, movie theatres interrupted Practically the entire Laurens bar will their programs while orders were be pitted In the conduct of the trial, i‘«?ad to sailors in the houses cair -;^ as there ai-e also four loc'al attorneys on them to rejoin their .ships, acting as counsellor the defense, O.i Wives, mothers and sweethearts of L. Long, James H.'Sullivan, Ralph T. the submarine crew, the majority :>f whom come from Portsmouth or Port land, hoped the vessel might be re pairing a mechanical defect and would emerge unscathed. But the_strain be gan to- show on them as the hours poration, and Edward N. Hurley, who was chairman of the shipping board Washington can have any direct ef fect on that, but 'a great deal can be L. J. Moore, After Twenty-EiRht Years Service, Will Give Up! nounced his appointment of Charles Rcute l..ast of Month. and a member of other important done to strengthen our situation with- commissions during the war. Editor’s Nnte: — Since the above was written, President Hoover has an ti ARDNER’S ATTITUDE Raleigh, N. C., Jan. 26.—Gov**rnoi 0. Max Gardner of North Carolina, tonight wired Senator Smith of South Carolina, he wpuld be “pleased to co operate with President Hoover in any practical plan for the withholding jf the present cotton surplus from the market.” But as for lining up behind the Texas plan, the North Carolina gov ernor wired, “piy position in regard ijo cotton acreage reduction by legslat'un in North Carolina is well known.” Governor Gardner is of the opinion that such legislation is unwise. - Ludie J. Moore, veteran rural letter carrier from the Clinton office, will retire from active service on the last day of this month unc^pr the terms of the postal civil service law providing for the retirement of employees when they have reached a certain age and have a completed record of service. He Will reiixe bn itTie empTdyees’^ nuity basis. Mr. Moore, who is nqw 65 yea-s of age, was born in Waterloo township in the Fork section, between Reedy and Saluda rivers. He'was a son of Mr. and Mrs. CJeorge W. Moore, high ly esteemed and honored cit’/.ens of that community. In the summer of 1900 Mr M. ore moved to Clinton. He entered the pos tal service three years later, on Oct. Wilson and William R. Richey It has been indicated on both sides that the case will be in readiness to be called ait the Feibruary term. Six Cross Hill persons are held in connec tion with the murder of the wealthy i ^y- ^7 former merchant!and landowner. J,I official at headquarters of the Henry Rasor,’ eldest son of the slain, *it Portsmouth L J mu r, . man; Eugene S. Criap and R. Lathan^®'^ ^'2 was engaged in routine in our own borders. The Reconstruc-brothers, are held on warrants exercises when she disappeared. The tion finance cor^ration plan is the j ^barging them with accesory before"**® calm, but there was a fog. first of the president s major re<'om- ^be fact. Rasor and Lathan' The M-2 is equipped with the latest mendation/ to.be enacted into law. bond of $2,500. Eugene'’-if^'^aving devices, he said. Admiral- Crisp," who had been at liberty on a ty quarters in London' said the ship’s ^similar bond, ^was surrendered to the| might have but eve;, i sJieriff about two weeks ago by his !that case^ she should have-retyrngJ G. Dawes as head of the Reconstruc-1 *till has before it his plans _ tinn ■ Kinjftpct. corporatjnn. Mr. Dawea {to strengthen the Federal .Und bank only a few days previous,'^^ha(S sub-1 sy»ttm;-to create a systerh of home- _ mitUnl his resignation as United hanks, to enlarge the {b^n^ismen, following the a'le^ed sta'e-1 States ambas.sadoi* to Great Britain nf .th« R,,. , I. route. No. 1, continuously for 28 years and four months. For 17 years-of tljis time he used a horse and buggy in to return to his banking interests in Chicago. He again has answered the call to public service by becoming head of the reconstruction corpor ation.) The War FTna.vee model upon which the R. F. C. is bas ed. It served after the sudden end of the war to carry great indu.strial en terprises over the sudden slump due to the cancelling of war 'orders. The principal difference is that the R. F. C. is larger, just as the present eco nomic situation is more serious than it was then. With its two bil’ion dollars avail able, and its management on the job. failed or insolvent banks. In addition, the president seeks ac tion upon proposals to revise the 171*1100 laws so as to restore confidence in railroad bonds, to re vise banking laws to safeguard de positors and to curtail national ex penditures sharply, with a view to helping balance the budget. All these plans must be speeded through congress, in order, as Mr. Hoover states, “to re-establish confi dence, to’restore the functioning of diac'ount facilities of the Federal Rt-, bv Erne.st HUt the .sixth man! admiralty officials saw no .serve bunks an<l to create a ?150,000,-; • . ‘ *’ *. . .. * reason to abandon hono th«,v sHi/U it ,,,,,, , J i , • 'arreste<l in the case, to thea!ffect that ' .; .aoanuon nopt. tne.\ said it (KIO corpj.ration to a,d depoa.tora ■" 3,,. h„, h«5 a part in the n-urdor plans •>' ''‘I' there were hut did not artually partr.’ipate in the'""^ grounda fur grave Hiiegivings, slaying. Hitt is at The state peniten-j — ia:y, as are liaiah Richards and Lee! Pajrnc, Negroew, who were the first. suspects ai rested by officers wirkingi on the case. \ .Although Hitt wa.s rtported to have; rt'canti'd as to his allege*! incriminat-' ‘‘ ing admissior made to Spei'ial Agent John W. Richardson and E. P. Pinson, Laorens county rural policeman, it is under.stoo<l that the solicitor holds the! Group Leaders / Are Chosen Men-of-the-(’hurch” Orjirani/a- tion Bein^ Perfected At PrewS- hyterian Church. 1, 1903, and has served the same^ tbe R. F. C. will come to the re.scue, in our wonomic system and to rebuild-!statement or^confe-ssion given ing of prU-es to values, and to quick-shortly after his airest an<l ening employment.” I r*^®^®val to the state prison. Hitt is the fir.st instance, of banks which are unable tr make loans because so much of their assets is tied up in securities the transporting and delivery of mailjfj,,. vvhich there is no market at pres- due to the type of roads he had to travel. He is a charter-member of tpe Laurens' County association and was one of the promoters in perfecting the organization. He represented this county at the first state convention held in Greenville. ! During his twenty-eight years of V ent, or the price of which is so much below the original, cost that ^ would be suicidal. A big bank has, say, a million dol lars of assets, but half of this is in real estate bonds,” secured hy mert- gage.s on property of undoubted value but which nobody has the money to ' buy, and on which the ownefs find Aged Veteran Under the direi'tion of Pre.si:l;‘^t Walter A. John.'nm and his associate,! (.fficers, plans for the recently j>er- charged with murder in the warrant, ^®*‘^***^ “Meii-of-the-f hiir-h’ organiz i- 11hut was sworn out ut I>aurens*Y()r hisX'®^ First Presbyterian chtaroh I apprehension. It will not be knowri,|®'® rapidly going torward. ( onsi.ier- 1 perhaps, what the bills of indictment;®^'*® interest is f»eitig manifested in 3fr|ll C^lllLC nil'*'*** contain again.st the' two Negroi^*'® suspects until handA them to Solicitor the grand Blackwell jury. The new organization by the men the congregation, and indiiativsn-* point Jo a large enrolled mend'ership T. F. Milam, affectionatelv known * thing mav be true^aif other de-* *'*‘fore the-next regular meeting Js Little. He ha.s since last Saturday with nrovement voted in his ill little im- condition. N. Y. Governor - Enters Race. service on route one, Mr. Moore has . ^ ^ . _ . . ^ Gives Permission To List His i seen many changes in that section. It j trouble in paying the interest, let Name In Dakota Primary AS'** * significant fact that of the num-ljjiQp^ p,jyj3,g ^be mortgage. It erous patrons he has served <luring|3j33^.s ^be bank no good to foreclose, this long period, there are today not j because it then ha.s in un-salable piece! I ———— ,r more than three who were living o', property on its hands, while Another this route when he began. Always a custorpers—bu'^ines-* n en, merchants true and loyal carrier, faithful to hi.s ^33^ manufactuielrs — are clamoring i F^0T12llt^ as Uncle Tandy, is quite sick at, ’he ^ f^3,3jy33{^j3 jp view of purported disclos- home of his daughter, Mrs. John T. 333.^3 tarried in the Hitt statement, been dangerously Presidential Candidate.. ®Uncle Tandy” is one bf the coinmun-' ity’s beloved “old gentlemen” and ha^' a w'ide circle of friends who have been grieved by news of his .serious illness. Martin Heads County Medicos trust, courteous, kind and sympathetic f^,. pash loans with which to keep' ^he has made many friends who will their businesses ■ going and so keep Albany, N. Y., Jan. 23.—Governor Franklin D. .Roosevelt, of New York, formally enrolled today As a candidate for the presidency by consenting that his name be entered in the North Da kota Democratic primary on March 15. - ' N‘If it is the desire of our party leaders in your state that fce presented as a Democratic nomination for the pvesi-'Hg,,^ be will farm a little, fox hunt.jjp fjyg years. The R. F. C. is secured The first meeting of the I.i’ire'i' Ununty Medical socTety for the new year, was held .Monday afternoon in l.aurens with a num' r of physicians jiresent. ' t Dr. R. I,. .Martin of Goldville, was four days remain before an- elected president of the association I held on the third Ki iday evening Fe+iruary. ^ ^ Within the past week Pres’ije.'.t Johnson held a conference at his ho;ue with Dr. 1). J. Wooii.s, Irby Hipp, .A. W. Brice, J. IL, Witherspoon, .Ma' Adair and ^leatK^ Uopeland for the imipose of electing ihairmen of the .seven - departments and .thirteen groups that constitute the orgar.iza-' tion. The following leadt i s were elc-jt- ed to head the gfoup^: I. A. ('hand./;-. .1. B. Frontis, .lack I'avi-, .Ir.. .Au-x O’Daniel, A. J. .Milling, H. D. Payne. Wm. Brooks Owens, W, ('. Baldwir.. Fayette Henry, Ben Townsend, Jo ;n, T. Young, Pitrre Bur<iette and W. te my n®^® Byrd place, and plans to move there ^be property involved, which can 1 a e or I soon after closing his postal work.j^be bank will agree to pay back w'ith dency,” Mr. Roosevelt wrote F. W. h 7 been done me.” Mr. Roosevelt’s letter was in reply to one written by BifcLean, notifying the governor of the endorsement he received at the Valley City convention on January 14. The governor’s an nouncement came just* a week before his 60th birthday. McLean wrote Governor Roosevelt tl^at regret to learn^ of his retirement from ' 3333.33 vvork. ~ 1 ^^®*y the service., ‘ j The R. F. C. will t^ke such'“frozen j Penalty of 1 per cent will be for the coming year; Dr. J. H. T®ague Mr. Moore sUtes that he has l®ased | ^be bank’.s hands, advtfnc- a**'*®® delimiiient taxe.s. of laurens, first vice-president; Dr, .Shealy. a small-sized farm heir the W. D. {,3^, ,33„,,«3y to the ixtent of the real' The state law provides thnt the | R. P. .McGowan of l>aurens, second ’ The heads-of the seven departm ut- treasurer place a 1 per .cent pt-nalty: vice-president; Dr. R. 11. Ariail of will be announced later, the uffi -e- s on all unpaid tax aecounts oe ,Jan. 1, Laurens, 8e<'retary. Dr. J. Lee Youngiha\e stated. end that this penalty shall be incre.t.s-j of thi.s city, was'chosen delegate to i sijbse<iuent meeting of the gr.'vu]) ei to 2 per cent on Feb. 1. Collections, the state meeting in Columbia in the leaders and officers, wa.s held on Mv.- Irom .March 1 to 15 are made by thel^pring, with I>r. Martin as alternate, day evening for the purpose of divirl- treasuier under a 7 .r>er penalty! The sot'iety had three out-of-town ing the men of the congregation in:o meeting. Dr. George thirteen groups. Greenwood, Dr. Frank I.An-j The third Friday evening of each der of Williamston, and Dr. Alva'month has been designated as the reg- Knifht of Chicago, 111., all adding te^-Ular ipeeting time for the organiza- enjoy his friends and he says. take things | having a firsCdien upon the “froz jen assets.” These may 1^ loans base’d on real estate, or upon commercial McLean, secretary of the )tate ®®n-|g|3gy^ Woiks, N. D.,| Mtjore’s retirement has caused,„„ reai esiaie or upun Lwiinnrrci«i - • •'i ^ consen: with full j re-arrangement of the routes fiom securities which cannot be realized on “** unpaid accounts are plac- j guests at its appreciation of the honor^^that has Clinton office. Route 1, with an quiddy. ’ ®®** taken from the! Neel of Greer 'added part of Route 2, will be com- Every kind of bank, commercial 1 t**® treasurer. Dined and will be served by R. B. Fer- savings banks, trust compan-| — who has ’oeen transferred here ■ gusoii. Who nas oeen transierrea nere may borrow thus on long-terms from Renfto. Route 2 will be combined ^ ^be R. F. C., and its facilities with Renno and be served by H. D.|,^u ^ao be available to building and Rantin; parts of Routes 8 and 4 will) be served by Joe W. Leake; and Route 4 and part of Route.! will be served by.Alex Henry. Under tbis new plan, the Renno route will continue to be coh- loan associations, insurance compai.- ies and similar financial institutions, as well as to the railroads and clear- ng house associations. It is sp^ifi- caUy provided that agricuituralNaad livestock credit corporatons may be the Democratic convention of North Ddiot. UBammourty Clinton, but will not dorsed him as the Democratic candi-l date. - Continuing, McLean said: “The convention wa* composed ofl^" ^ i the R. F. C. plan concerns loans to me, railroads, the only industry which | Bailey'would receive benefits independently' , nect with the postoffice at Rt-nno a»i*ijjed alao_ j I formerly. ^j One of the paramount feature*" of i delegates from every action of N^rthj CONFINED TO HdME Dakota and represented all our party] Tbe many friend* of C. C. , in the state and representing thei will regret to know that he has been of financiil institutions. The railroads] farm, ranch, and every phase of bu^-1 confined to his home on North Broad'are made special exceptions oecauiej nessi professional, and industrial life j street for the pasj; ten days on ac-|of the widespread ownership of rail-, •f North Dakota.” j count of ilinessr-"" 'road'bonds by insurance cimpanies,! Your' Grocery Needs Clinton housewives can easily solve their Grocery problem* through the advertising col umns of THE CHRONICLE ev- ery Thursday morning. The way to a full larder at better prices lies in these grocery store mes sages. The thrifty housewife,^of course, is the one who reads the advertisements every week in THE CHRONICLE. the program with interesting and in- tion and all men of the church are structive talks. I cordially invited to attend the meet- j ings which will be preeedei by a chitch 1 supper served by the ladies of the i church. Ginner’s Report - Shows Increase'to GIVE SHOW J FRIDAY NIGHT i The January 16tl^ 1932, Report of j — . R. Stanton Blakel^ county statis- For the benefit of the Thprnwell tician, shows that the cotton ginnings' orphanage, “Shorty” Hamilton will in this county from the 1931 crop Vive an entertainment in the chapel prior to this date, toUled 37,688 bales,Ion Friday evening at 7:30 o’clock, the as compared with 34,241 bales for the program will be I different, it is an- same period a year ago. This gives the hbupced, from the one given a few county-an increase of 3,647 bales fo?. nights ago in the high schoor audito- the year. The final report on the 193llrium. The admission charge® will be crop will be made March Ifiith. | 2/k: for adults, I'Oc for children. ........ .i \ ■! X