Historical Newspapers of South Carolina

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.Vr i ,'T, ,, V i- ^ ■ • .. - . ' ■ . I - '"' The Clinton Chronicle^ Clinton, S. Thursday, February 15, 1934 1 ^ Raise For State NOTICE OF SALK State of South -Carolina, Coun^ of Ijiurens. ! «urt of Common Pleas. | Uberty ^ildin/f and Loan Associ* . "" ation. Plaintiff, vs \V. S. Denson. De- j ARreefnent By Senate Finance JPRODUCTION CREDIT ASSCK;iATION;L“nrBif'„.X‘fo?tS^i^ Employes Asked NQW SERVING FARMERS OF SECTIONjr„7hr„d::^.Xt.7r:Bn,tt‘c«il™uo?!i"-J^iu^L^aT'd^ ing sections, a Committee On' Ten Per Cent; 'Increase If Revenue Permits. Rex Lanford, Secretary-Treasurer,. Explains Details of Credit System "For Financing-This Year’s Crop. lected until the loan is due \ at other centers o fendant. ^ • 1 Pupuant to judgment of the Court and a decree of sale in the above en-, entitled cause. I will see at public auc-! tion on Saie-j 5h March, 1934 (tlm raise in all state salaries, includ- it for many farmers who are prepar-j same being the 5th,tiay of March, institutions. ITie interest rate charged the indi-1 short-te^ credit business, vidual borrower may not exceed by'Each borrower has part ownership in more than three per cent the rate at the business. His liability for loans The 1934 crop sea.son will mean the'sent, along with his credit statement! which the association gets money from iof the organization is only five per Columbia, Feb. 12. A flat 10 p€r,beginning of a better system of cred-}*^^ chattel mortgage, to the inter- the intermediate credit bank. At pres-{cent of the amount he borrows. TTie [mediate credit bank of Columbia. If ent the interest or discount rate nianagement of the business is being apiiroves' the credit state- charged the association by the inter- entrusted to representative farmers he member borrowers. This charges make un the. six ner is the only method ever devised which 1 tn-u.K gt institutions, wa.s tenta-'jne to finance the year’s farmine by ■'—•v ^cnargea ine association oy tne inter- emrusieu lu 1934). m front of the Court House agreed upon by the senate fi- ^ “^jmentand the security, it makes funds mediate credit bank is three per cent chosen by the door or in the Court R<^>m of the said committee today as it hurried, . short-term loans through, available to the association, and The ^—these charges make up the. six per is the only m* Court Hou.se, in the City of Laurens, completion of itk appropria-'production credit association.s 1 association .sends a check to the bor-’cent interest rate paid by the famier.' permits farmers with the aid of the County of Lauren.s. and State afore- ‘ - > -- ' - . , , tion bill report i which are being organized under thei"I The intere.st spread of three i)erifederal government to uiymately-Qwn' Baid durinK Ih- leKal hours th, I Farm Crad.t Administration through-! ' CapiUIiialion .cent between the rate paid by the as-[and operate thuir <S^n production on the terms specified below, the fo.- Chairman .S M Ward—'Out this state. I Each association is capitalized ac- .sociation and that paid by the borrow-.credit business. All tha- niece narcel or lot of land ‘•provided there is enough' rovenue.i Under the Farm Credit Administra-1 “> "P' ' ’ All tha. piece, parcel that,tion the land banks #viil continue tol"“'^ lowing dfsn'ihfd real e.state, to-wit: that piect.*, parcel or lot of lar being and situate in the Tonyh nceus OI me ler- er iroes uu tne assoumi-iuii to iiiecL Most of the cap-;erating expenses and build up a guar-1 TO THE CHRONICLE , r fii c'n Uurenr 1 ounlv '^^th imuk-*.' long-term real estate loans; but 1» P“'''''ased by the Pro- anty fund or surplus, needed by any, aroi n^f onlV- on an7b.'^Vl on The committee returned from thejlhe admini.stralion is al.-o providing a hi somh tr(<'nt,nnia s“e' and “ ''“T th- iVug-necled system of short-term pro- ,o-o„,1 m l"" f^i- to^ded on <’>»>'■'■ t" ><-»lime work on duction credit for farmers-loans to-^'y- fthf •he w-es. Vv la-.'s ’.if D- 'll I \ is'in supply bill. It remained in|l)c used for producing crops and Hve-1J''"™ he w.s. ij ..s I).. I . A .in ,pp.jcorporation arc used by the local as-^ for potting the measure before [i^on. This is an entirely new service - ^ ta*o r-’. !-:•( tlMMvon; on the ea^t hy the senate this week. [for farmers; and it is designed to be lar.J- o: J I-'. Workman. 210 feet Jhe tentative raise for state em- permanent. ployes was eslimaleil roughiy to eall ‘The Paper Everybody Reads’^ and runr.iag liiexeon 21.0. f.e.eU..-0.n_.the »MMh bv lan.l.' of K. H. MetVary r.r Workman. 1 tie -^ame being the lot con- Den.-^onl by .Miss ( W. \oncA'. • ’ll' eon. vi\! t( .X'.’iila T( T ill' <'i fo! tii.idc .• V :li Me req .It once with me tlv 'Um of two (2", ) pel’ ci'nt'.im .of ih.e amount*’- of the for $220,000 and with a similar state aid pay increase for teacher.-' recom- Karniers~in this locality will be .served by the Clinton Production lateral, chiefly Government bonds,1 which are placed with the int.erme- j diate credit bank to establish a line j of credit, that is, to get the bank to I .'■‘ale: ('a-ll,. The success- blended by the committee last week j ered on the 28th of December, 1933, to •s IP fM.t.oVit boo.sC the houst* appropriation (serve producers in IgiurenI and New-, .. „ , .r . - .'11, h< ,c,iu,.vd .0 d.poMt . , I ben y counties. About four or f ive' wcll..sccurcd farmers- notes, •iropcriy '-e .ng knocketl down to him, , «a’d depos t I't be In cash and said year., g-; 1 a. 'jm to !•> applied on the hiti 'hould iheie t)f coaiplinnce with same; but -h'uild tlu-ic )M -f;t,liire to comply then Cndit Association, which was chart- discount, or lend money on, the notes of farmers which the association has endorsed. Ordinarily the bank will bill by around $700,000.. 'berry counties. About four or five', This sum would bring the house b'll i counties is the average size of an as-l'^'P times an arssociation s cap- uorlvuge m.lvl'ledne- a,- fixed in the of $0,211,000 to approximately $«,!«!.- .^Hilat,on. There is no fixed ^rtidiUrneedT'”^'™ u'stimates of revenue for the next fis-itions, but each must include enough] The authorized'Capital stock of ^ ^ territory to give a volume of bnsines.sifUinton ProdUCtiuii CTcdit Association ] fireftprinn the rst.'ite sa^rary rnl'^ i^ure eTficiehi;br^^T-amount Ahe-i would re.'^lore a recommendation of I zation'and low cost of operation. ; Production Crediit Corporation of Co- Ihe budget commission which was | 1 he Vlinton association was organ-jlumhia will pay in, as needed, about possible a maxi- of $300,000.00 (1 .scounts with the of the .-e.-sion. ilumbia Production ('redit Corpora-] intermediate credit bank. Whether sentiment in the house has | 3'here is one of these corpora-i Actually the Production ^credit cor- .yUr- ■ -hell ht ‘’oi fi* • li t.T '.he jdaintiff ithe. money (bill drafted j through the coojieration of rep-' 5-l0,00().00 making p and a!.’.. ' ' a-'a c on it.' judg-rhV the wuy.s and mean.'eoinmitlee and j ,-(,sentative farmers of the counties in-: mum total of loans Trent inii oremiM-s re.sold on the ' s^’^und week jyvith the assistance of the Co-‘through loans and di.- next coT.venienl .^uJes Day thereaf:er ujiOn the same ie’ni.s and at such bij- dei’s ri>i<. Tier I’mcl.i! ami r.<r stamiis, pa (T to pay uc ding. ' ilio.s. W. IC’.N.N'TTr, ■< leik of ( aurt of Laurens < oijnty,,.S. ( . changed sufficiently to agri‘e .to the j tion.-j in each of the 12 land bank dis- poration owns about three fourths of .'pay raise, provided 1 he ' enate pa??T^ed tricls in the country, ijhe local as- the capital stock of ap association It. was hypothetical. ^ ■ j.stKMation will obtain loanable funds iThe farmers who borrow fcom it own It wais not con.sidert^d likely thatjf,,,,,^ the intermediate credit bank of most of the remaining portion, each the finance committee appropriation which will lend money on, j borrower l>eing required to own 5 per report would come up for action in j^jr <iiscount, well secured note.s, of cent of the amount of his loan in vot- Dr.red ;h*!‘. day of .^-Vm-uary, } ifM4.4 the senate before Jaic in the week, at I Xat niers, .All of the-institutions are a least, since ,a day or .so probably will;py,.j^ yf Farm Credit Administra- Don’t Get Up Nights IMtikf This 2r>c Test i ing Stock in' the as.sociation. A farmer who gets a loan from the association d(»es not have to advance any money, to pay for his stock, as the iL- r. ' ii lUil V. :i ri...k' ’( ' a/'"! ( to ilrive . : that ( 111 f i -I’', !) ; * 1 ..! f' (tiiicn'i' (“ V- - * V V O i-- it.*-KF.T.'i. the V i i !f • ’ It' i f. ' i'ln : iti'V (Iruij vtoic. VR ■ 1' tf no’ of evt- \ 1 * ■..t'A' ■' :»;(!•i . aritl t'ct your iiiirif i;i ' kkts. (If -I'liiiiinir ,i> ichu It'.TVf ' .1 iVqi I-IT tiil. I'i ‘ .. .It . ttii 1 he hiiifii if- 'll iV-iai ' ' t: tii! itfi Ihf intwe •L. If IFf l-fit hf 1 til with back iiflit *. ’ It* IfV 1 i.'tlfl a'I'ifjf f'rttm bill fit Ifi til; sllllif 1 '\ A <*ll ait* htiitnti (ii feel i)C't U‘l aftvi thb ilvan.'iii^ ant! yi'U ir*‘t \ 1 litr ifgiiiai' \flffp. be retpiired fo; putting it in finished form. ^ 7 ' i Explains Funds j A production ciedit association purchase priee may he included in the j l<^Btl Government money. i hej 17, share o^eing purchaa*id as.i.. I funds that will be loaned are outained $1000 of the loan money is ad- D— by the intermediate Cl edit banks w hich curries no double - - _ y .sell short-term bond.^, or debentifies, jighiiity. Tho.s a bo.’rower’s liability ■ 1^0 inve.sting public. In any possilile impairment, of capital! Fir.st-Aid ( our.si*, IMudl* Up Of words, the mom“y is being bofiowed y^ association extends only to his 1 NEW SPRING HATS The new Spring Models areiiere in all the good shapes and all the new colors. These hats are outstand ing in style and quality, at popular prices. S2.45, S2.95, S3.45 and S3.95 LrB. Dillard i Next To Casino Theatre Workers From CWA, Bein^ Conducted By Dr. Rhame. (iVritlvn for The f’hronielel 'Fhe .American Red Cixiss .society is a great organization. It is wiile-awal o BC-KF/r.S guaranU^tuKby Young’s activity that is of con I.aurens county will he pleas.-d to'^,.^,^, to be loaned to eligible farmers to y^^ stock holding, amounting to $.'» ] emi.de them to produce a -season s (-yj. ^j(g) y,- fraction thereof bor-' crops. Tlic association is luit a chai -, ,.,,^^11.^1 , ity imstitution; but a bu.sincss credit] , , , . , , ' in.sl.tuti.„. 1... l,usinvs.--.„in,',",l ft.rm-' * fa.nil'f .Im-a nol h:.re to puiTha.-c .-.-.s. -ih.' i.; To ,„ake loan.s that,'’"'’ '•">•1' 7<-'' farmei.s can affoi'd to use for a sea son’s operations, and which will be re ITiaixnacy and Kellers Drugstore. A MAN OF ALL WORK WANTS A JOB 0. L. McCullough, DISTHUT MANAfiKt! Southern Bell Telephone and Telegraph Co. H B la tha talephona. He's tapping at your door to ask for a Job. He's tha tnoMt willing of all work ers. He’s always at hand. He never sleeps, and Is always ready to do your bidding, day or ■Ight. rain or shine. Itf'a the most dependable of all aervanu and a man ot all work. Ha will guard your home in emergen cies If gouieone Is suddenly sick In the night, he will get the doctor for' you quickly. If a fire breaks out or a burglar breaks in. he will Buminon aid at once. Then, too. ba will save you the trouble and etil- ""IWTrassment of having to borrow your neiiilibor’a telephone. When you are alone or lonesotuit he will bring your friends to talk to you He even makes It possible f,or you to sit comfortably at home and visit with relatives and friends living miles away from you. A home is not complete without him. He will bring yoo comfort, protection and happiness and he will do all these thinga for you and your family for just a few pennies a day. Ha la worth much mort. In tact, It'a jhard ia astimata his’ value when yon think of tha many th1b ft ha will 4o tor jroB. It rw •Uy doesn’t pay to try to get along without him. Call -tha talephone htxtfneaa office and have this- woBdorfttl aerrast (a tel- Tsusigpgmttin yitfami Mty:' .siderjible value. On behalf of the Red t'ros.s .s(K:iety, Dr. I). O. Rhame, Jr., is conducting a eliuss in first-a'td. This (•Inks is made 'Up Of worker.s drawn from (’W.A laJiorers in the community. One man fix>m each GW A project, of which theix* are some forty in the ' coimiy, i.s chosen and attends a prac- ' tical and study course in first-aid. The course of instruction runs for five days for tmx'e haul's a day. : Dr. RhamX generous^ly donates his j services and skHl on behalf of the Red D’ro.ss siK'iely. The society furnishes I manuals and kits ^led with articles [suitable for emergency. After ins-truc- tion these men will lie^tter able to I care for any who mightXiw injured while engaged in work on G^’A pro jects. ! There are over sixteen hundred jMjr- the stock he ovk-ns has become im- I paired in viiliTe or he wishes a larger loan. A farmer not indebted to the association muv sell his stock to an- a pay-as-you-go plan for agriculture., . , . , 11,1 I , .1, other eligib e borrower, or may I.oans needed to buy work st(K'k, ’ - •’ ex- - .... I u I change it at its fair book value for' fertilizers, seed, machinery, and equip- . . . f f \ ^ ..Ifnon-voting st(K'k. .Such an exchange ment, for purpo.se.s of dairy or poulDyj , , , f ; ... must 'lie made within two years after farming, or for other exppn.ses incur- ^, , ,, , . , , , , • 1. 1 the holder ceases to be a borrower. red for general agricultural purjMises, may be oibtained from a production credit association as conveniently as from any carefully manalged bank. Most of the loans will run from 3 to 12 months, depending on of time riHiuired for growing and mar-, The .stock purcha.sed by the cor poration is non-voting, but preferred as to assets in case the organization is liquidate(l. The voting stock is f,i hy (he borrowing farmers, each 'having only one vote in the as.socia tion no matter^ vv'hat the amount bor- kelirtK thf crop or livestock which the loan is made to produce. Loans for crop production will usually mature Officers and a local loan committee 4 of each association are .^elected by the in Ics., than a year, althouKh loans which such as tho.se on dairy and breeding run longer—up to IH cattle nvay months. ' Applications for these short-term loans are handled in this territory by I was elected by the charter members leral seriou.s accidents have already (K'curred and one or two fatalities. Minor injuries are likely to call for when the association was organized. At the frist annual meeting of the voting stockholders, that is, the farm er borrow»<rs, a board of directors will be electe<l, confirming or replacing i the temporary board. Thus each bor-' rower has an ei{ual chance of voting ■ his opinion as to the management of | the association. i At present loans from a production ! ,. , i. »u credit a.s8ociation carry an interest! Imhilittcs, .ml cstimafn#; net worth, oo 'ao';: PROMPT DELIVERIES Of the New 1934 - CHEVROLETS THE CAR THAT ALL AMERICA HAS BEEN EAGER TO SEE AND DRIVE CHANGE THE BUMPY OLD RIDE TO A PLEASANT S.MOOTH GLIDE Remember-Your Old Car Will Trade For More Now Than It Will Again COME IN TODAY—SEE THE NEW WONDER , , . 4 0.^ I Rex Lanford, with offices in the Ja- I sons new employed in the county. „ K.as. kobs^nd company building, Clinton. . AppHrations Applications will be acted upon , L L 1 .«• 41- #• a • J u -..4- quickly when they give a clear finan- the he p of the first-aid man, who acts 1 . , * ... 1 cial statement of the applicant 8 farm- as foreman or in some other cai>acity . ,, ‘ I. -4. 41. • L '»ng condition, listing all assets and I in conm*ction with the job. I This i.s aitood "ork »"•! I'j; Rhant. applicant,should name specif ical-T 'T' ''.‘“'“'“.r ' its cnlhus,..sttc about t . Ills ,|y thT^armb* assets offered as se-i“""*' ■ tueels at .the htyh school aud.tonum. the loan, and give a plan, Atmut twenty men are toitg given the I rudiments of wound treatment »"<* . u*o the loan applied for and how he is GILES CHEVROLET Chevrolet Distributors CO. other simple injuries. 'going to repay it. This ftrst-.ldinstruet.on IS only one. p,; ^j-eurity for production of a nuntber of serveea be.ng render-, ^ livestock, farming , e.l by the Red ««>»» society It .» do-1,,„jp„,,„t, gtvwing crops, or other; tng other good t togs m I personal property most appropriate to vtetn.ty. Robert .S. Owens .. the local adequately and make chairman. ^ ^ chattel mortgage. It is not in- I tended that loans shall be secured JjL ' 1^1 B I primarily <by mortgage.s on real c.state. ^ 1 * I Where this type of security is taken ("TliBAGE Wants, Onion IMants, lr-|it will be regarded as additional col- ish Potatoes, bulk and package veg- lateral. BROTH-1 T’he minimum loan is $59.00 and no jtc|Ik)an may exceed 20 per cent of the authorized capital of the association eta’ole si*eds at" BIjAKELY KRS^ .MILK h KI) FRYERS 25c Ih, Apply amount of the loan'should cor-' to Tthornwetl Orphanage 1 i respond with the actual ne^ for cred Farm. it.» Perhaps more' farmers have be GLADIOLI bulb.s, Nasturtium andjcome heavily involved in debt becaiise; Sweet Pea seed in bulk, other Flow-1of to much credit than because of the] ep. Jseed .in packages at BLAKF.LY' lack fit it. Ijoans from pi'oduction ^kOTHKRS. Itc credit Associations will only be made as needed; and proper pre<;aution8 will be taken to prevent ovei'-exten- sion of credit so that farms will not .STRAY COW—Owner can get same by paying for foo<l the past two weeks and for this ad. J. H. Prince. Ip have to pay unnecessary indebtedness LfCt us do your gar- with resulting interest. After a fanner’s application is re ceived his financial statement is GARDEN TIME den plowing. Prompt attention all calls. Reasonable prices. W. J. Henry, phone 119. 22.2c j checked and the property offered as WANTED— Tea and Coffee Route1®*" perabnally in- Man for regular route throughinspector of the as- Clinton and Laurens County. Apply by letter immediately. C. TV>gstad Cof. fee Company, Kokomo, Indiana. Ips Ladies’ New Spring Slippers sociation. The minimum charge for inspection hr $2.00. Regulations about inspection chai^ges and collect ion may be charged as required by the production credit corporation. Usually no charge will be made for inspection if the loan is not granted. If the report of the inspector is satisfactory and the loan is appiroved loan rcoiwiwttw^ ]ciation, the farmer’s note is endorsed jin the name of the association, and r- F-'-- .y /.