The Clinton chronicle. (Clinton, S.C.) 1901-current, September 20, 1934, Image 2
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THE CLINTON CHRONICLE, -C|JNTONj 8. C-
John^n Addres^ ' Sinclai
Locad Isiom €luj)| Som
> ^ I ■
P. C. Coach and .Captain ^ak J>f<>PS--'’roP»sab For .Ok|-Age
IMiodifi^
Of His Plans
SVC*!
hts
j
*
Oh {Credit Loans \
Banking Reforms
Are Demanded
the fees'of engineers aiid architects—^
imc
\ ■ t ■ J < ^ i - *'
raURSDAY, SEPTjEIMifrER 20, 1934
EverflhUig In
FLOWERS
On Football , Prospects .^1
Local College. -
/
At last 'week> meeting of the Clin*
ion Lipns club, held on Friday at the
Pensions^ Communal
and 'State Factories.
Farms
Fan Francisco, Sept. '13.
face of a genuine alarm in
and great managerial ability, thefej
would be no strijce-in.progress now in ;*
those two mills.
The mills wouW not be there.
„ . ■ « w , No thirty-hour-a-^week man ever i Member F. T. D.
nith Production Corporation.] Senate Group As Unwise. Big built anything of value'or ever w:!i
%nm/. iNews and Courier.
\'
Farniers Meeting Obligations; Group ' System Condemned
Senate Grouf
Failurejs Explained.
rfyi
lOpVf Collections- Expected.
Returning ^rom Columbia where hej^ Washington, Sept. 16.—The liation's] guu^pujE XO 'THE CHRONlCCf
I
In’^AT DO
> P. S. Jsaites
usinessjattended,a meeting of the presidents.banking system is outmoded, archaic,! «‘x|,g Paper Everybody ReadV
Mary .Musgrove Tea ■Rot^,rthe club, quarters and of an organized, attempt j and other officials of the production'and incapable of adequately perform-
had as guest speakers for ^e pccasion't6«i^yive the ’— ' - " ‘
-•u J
52k,
Nirth'Carolina,' ilig function, esaontialto the economic' »****«»»»♦
South Carolina, Georgi- —' ’
to look surprisingly’;; 7." 7 safety and welfare of the .country, the
,... . , . au cj* r* C. W. stone, president orffhe Clinton
[like a* band-wagon for the States _ . . .r .
* I Production Credit Association,
Coachj! Walter A, ’Johnson, Presby-j Upton
terian college, and Harry Bmic^ cap-• chari'ot begins
fain of the varsity football tWnU|
Coach Johnson reviewed tiro Vork Democratic politician??. ., . * * .l a- : j- -a j
done this season, commented qn the^ At a long, friendly conference here * 1 ^ inn
prospects of the team, and -Vesferday lyjth George C^el, four states of this
the cooperation being given by eybry. polleil 290,000 votes as the losing ' (jjstrict this fall
miln Who has reported for work. \\ jdidate for die Democratic nominationi.1 , ^'va a a au
Bolick spokeivfrom a player's vieV-! to-.Mr. Sinclair V 488,000, the latter I. Tm m Sf ^
point, .saying that he could make nb^^agreed to a radical modification of hisL . ^u . , ^
predictions as to the outcome of thelEPlC plan and parted wither. Creel, of ISorth Caro-
several games scheduled, but said that'^pfident that he will have his former*! aro ina, an ^ eorgia
^ x I were good, many farmers having paid
up, their obligations to the associa-
t4k
j senate banking and* currency com’r>jt-
tee charged torflght. .. :
, In another of a series report.^
growing out of the stock miirket in-"
ve.stigation, the committee demanded
baaic^eforms. -v^-
“R.
in all contests the • Presbyterian men opponent’s support and that
would be found fighting and giving a!compact State organization
gt>od account of thernselves.
Johnson said that/the squad report
ing for-practcie this year is the small
est in eight to ten years, only about
3^ nejen being on the fielil- In former
years the number has been around ItO.
• Only three men were lost by gradu
ation, he said, but a dozen more failed
fions with the proceeds from their to-
He\asked Mr. Creel to help in draft- , , . ... , i:u * .v
, , . J. , ' bacco alone. It is believed that the
mg the piatiorni to be adopted at.thei ... , ..
o. . V .• . c prevailing prices for cotton and te
state Convention at Sacramento onir -ii ui • u I
.0 . on A uv.ihacco will enable every farmer-bor-
Sept. 30 and gave assurance that he: u 1 j u
would the advice and ...aiatancel?"'" »Mured by _
of Mr. Cree) and his yroup shoulld he ^ ° crops, to pay their loanstraining: or back^ound to lega
eformatibn and correction, in re
trospect of comparative trivialities,
^ill not suffice,'’ the report* said.
; “A banking system which permits
of circumvention of its legal safe
guards merely by organization of a
corporation under the '^favorable and
amendable corporate laws of a state,
is fatally deficient.
, “A banking system which permits
■fi.
..1.
i\
FRENSi:
.. BEST QUALITY SANITARY NAPKINS
SOFT — ABSORBENT — COMFORTABL
STANDARD SIZE PACKAGE
. : ■ 19c , \ " "‘i ' ■
SADLER.0WENS PHARMACY
Telephone 400 ^ “Corner At Union Station*
r
to return to school for various rea
sons. In spite of.-the .smaller number 1 pen.'ion of $50" a mont^. H
of men reporting, bvi said that a,cred-,l dropped his proposal to repeal
be elected in November. “
Mr. Sinclair has dropped his pro=
pb.sal. to pay a,ll persons past 60. a
has
the
Hable team is in''’^rtspect. The back-1 sales, tax and has modified his plan
field is cau.sing no ''Wry, there being j to exempt from taxatiqn all homes
more'good men out f^ these positions j and business proj^rties as.sessed at-
than in former years, he stated. But $3,000 or less, iMopo.sing instead to
1.. _ f\rtf\
‘in the line conditions aiie different,
the veteran coach said. Besides being
comparatively light, the men, avail-
exempt only those assessed at |1,0')0
or less.-,-He has abandoned Hi.s plan to
establish communal farms and his
promptly in fuIL
■ “The collections thi.s fall .from
the.se four slates have already mount
ed to over $1,600,^09, indicating a gen
uine desire on the part of the farmer-
borrowers to wipe out their obliga-
tion.s as quickly as possible in ordfr
“to protect their credit standing, save
themselves interest charges ahd pro-
tcct the value of their stock.
"Mr. S. M. Garwood, production
credit commissioner of . the Farm
persons, without any particular aplif*L
al-n
—able are few in number, the chief lack project, of, .State-owned-and-operated
Credit Administration at Washington,
ly assume the performance of Aie vital
duties of a banker, possesses danger
ous potentialities.’’
The committee’s report was .based
chiefly on disclosures made in the in
quiry into banking conditions in
Cleveland and Detroit. ’ *
" /Centralized Control'Rapped
—EUconts leading up to the collapse of
the Guardian Detroit Union Group,
Inc., and the Detroit Bankers’ com
pany were traced by the committee
being in'the tackle po.sitions. In spite I factoric.s i.s now little more than a
of this, Johnson .said, by shifting meniplan to aid the barter groyps of un-
who formerly played other po.sitiohs 1 employed by renting factories already
and developing .new material, he [in operation and establishing retail
thinks a fair team will face Clemson
Saturday. v
<\)mfnenting- on the fact that only
^itores where only the jobless may
trade.
As for social insurance, Mr. Sin-
t^o home games wei-e scheduled, clair now say.s that he will wait for
. , , ^ in leading up to sharp condemnation!*
im|.re,.«* npon u.s the fact that-otrrjijf the -,entire system ef grojip bink-l
Tiruf Hiir\r la fKxx f^iada H . ^ n. -
Johnson said that thi.s' was done to
improve the 'financial condition of the
college athletic‘department.
The ^'oach announced a chang'e in
the var.sity schedule for this year, the
Errkine game, previou.sly arranged to
be played on the local field, beinjc
ri^moved to Rock Hill. '■ . \
WHAT DO .
P. S. Jeanes
DO?
tbe development of. President Roose-
velt’.s program.
Jqst what the" Sinclair program will
look like when he is elected, as mpst
shrewd oh.server.s now predict, cannot
be foretold.. The point is that he is at
last f'>c’nr: realities and that Califor-
n.a.ims a not unlikely |>ro.specf of be
ing, governed for the next four years
first duty is to» protect the Class B
stock In the production credit as.socia-
tion—the .stock held by the farmer-
borrowers. He said it would obvious
ly be unfair to the farmer who "paid
his loan in full to have his stock ini-
jiaircd by permitting some other
farmer-borrower to evade his obliga
tions.
The fact that production credit as-
•sociations dp not loan government
money was stressed by Mr. Garwood.
The Federal fhtermediate Credit Bank
which discounts the paper of thestei
as.sociations gets its funds by sellin
debentures to the investing publh
Your Fall Suit
• \
by a coalition of Sinclair and the more
of the U reel
modernte DiMiiocrats
group.
Such ol.i-line Democrats and office
jholder.s as Henry Mopike, United
iStat.'s District .\tt()j;ney for Nnrfhprn
Farmers borrowing through produc
tion credit association.s are depend
ent on the marketability of the deben
tures of the' F’ederal rhterniediate
Credit Bank.s in financial eenter.s, Mr.
Garwood aaid.
l alifornia: K. G. Cahill. Commissioner! ^’ntire productiq^tredit sys
tern I.s established, Mr. XJarwood fur-
the .idea of
i of Immig’. ation at Nan Francisco, and
[(Jeorge .' Vice, Sacramento county
! chairman, have alrea'dy annbunced for
I her brought out, with
making tjhe low-sk).si credit of these fr^
.'Sinclair. ,So has W.
I.ps .^ngele.s^ Senator /Mc.\dpo’s law
partner. >
Mr. .Sinclair has developed since the
election a tact that is amazing, to
those who knew him in other years as
personally amiable l)ut publicly in
transigent to the last degree. He sent
warm triendly telegrami^ to Mr. Cneel
and othqr Democratic leaders who had
telegraphed perfunctory congratula-
H .Nehlett^ of 1 cvnterti^ long available to' oth
er |nt4isjti*ii^. ^available t(o farmers
ahd .stoAnieh thfou^feljibut Ihe country
through their‘own ■'-cp.llective action,
(fuptlon
"If the prodliptlon "credit as.socia
tions are to be successful,’’ Mr. Ga-r*-
wood told u.s, “and to continue tp meet
farmers’ needs, the associations must
continue to be run on a^iurely busi^
ness basis that will insure the repay-
roil’u MUE OH
FALLTRIR
BACK TO
h.i'j
BIG
GAMES
Mnd
ment of loans Jby borrowers and the
tions, and he turnCiHhis Kastern management of the associa-
into a triuniph in so far as the effect^ ^
on California is’concerned! t’unctil-l “Mr. Krhest Graham, the P''e''‘‘Jfnt is “incoherenV dis-i
Production Credit Corporation4 j-.'
ing.
The failure of these organizations,!
the report said, could not be .attribut
ed to the stock market collapse, the de- j
pression, the banking holiday, or the|
competency or'honesty of the person.s
controlling the in.stitutibns."
Centralized control pf'ilnit banks, it
was^ stated, “possesses inherent latent!
deficiencies "and dangerous potentiali-!
ties‘‘ which inevitatbly ^become patent I
when the system commences to func
tion.’’ X. -
"The most patent deficiency of
group hanking,’’ the report continued,!
‘•‘is that the group is only -as strong
tfs its weakest* link. Loss of confi
dence in one unit necessarily occasions
I dimunition of trust in.^he affiliated
units.' The ‘group companies must
strain every resource to maintain pub-
, lie faith in all units, including the
paient company.’’
.System Lacks Flexibility
Difficulties-encountered by the Un-
ion/Trust company and the Guardian
Trust company of Cleveland, result^
from "the unsound banking practices,
and mismanagement of the in.stitution
over a period of years,’’ "the report
charged.
'Tlie committee described the func
tions of comm^cial banking as calling
for flexible extension of credit to in
dustry without tindue risk to public
deposits. •'
In.stead of a comprehensive
flexible syslem ther? exists^ today,}
the committee -said, only* a “balking I
WE CORDIALLY URGE JOUR ATTENDANCE
■‘‘‘1 . ' ...at (wr... ■
^ SPECIAL DISPLAY >
FALL AND WIOTER FABWCS
Under the* Direction cf ihe Storrs-Schaefer Stylist
SEPTEMBER 20 Ihd 21
“Individually Tailored Clothes of Quality**
r
L B. DILURD
Next To Casino Theatre
'-'■C
lious in avoiding the appearance o^ ^'I'oduction Lredit Vm-poittviuii]diversified,
exploting the President’s hospitalityV'^^'^^’^^’'^ "*'us that he eg-1 ___________
pected-100 per cent collections and in- EXPERIMENT WOULD«PAY
sisted that the associations must be
run on strictly business principle.’’
at Hyde Park, Mr, Sinclair neverthe
less made press copy that had the ef
fect in -California of persuading“ the
reader that he was received with open
amis by such New.. Deal favorites as
Pre.sii^nt Roo'sevelt, Secretary Ickes
and Relief Director Hopkins.
As a consequence ther wire.s have
been flooded by, conservative Roose
velt supporters urging a specific re
pudiation of Sinclair by the adminis
tration, with no result tef date except
a .statement by Senator J. Ha'^milton
Ltwis'of Tllinois announcing that the
President would make known his
views shortly iwfore election.
**?!- " Merriam Not Popular
' But .so far as California Democrats
arf c^cerned it is already, too late.
(Dia: ideal reason for Mr. Sinclair's
.gmaaag strength fs, of course, the
size ,of his vote in the primary. His
•gi«ejiA«5t asset is the unpopuUrity
aWwng"- progressive Republicans of
Gov^nor Frank F. .Merriam. He
t
Strikers Clhim
lataeta* tfliu isi
Months ago-The News and Courier '
suggested that the federal govern
ment, or New Deal, buy a number of
fully equipped factories and deliver
- V 1 O them to discontented operatives. The
. Victory 111 17.5,000,000 by govern-
'ment is nothing — even Mr. Hoover’s!
government lent more than that sum |
to Mr. Charley Dawes’s batik. j
Seventy-five, million dollars would'
The- Bell Telephona STtttin U
so organiaod and regnkiM tiuit
your inttrefta af a naar of .tiia
senrica ara ialaguardad; aa wall
aa tlia intaraata of tha 800,000
or mort individnala who hava
iuvastad thair aavinfa in tiia
bnaiaats. Tha walfara of ttia
anw of 270,000 Ball talapbona
workart who build, maintain,
and' oparata . tiia bnainata ia>
aquallj aafagnardad. To favqg
any ona of ttaaa grouiM at tha
axpanaa of tha othari would
i^t only ba poor judgmant, but
Contrary to tha fundamantal-
policy of tha bnainata.’’
If tha baat intaraata of all
tha paopla ara to ba aanrad,
than rtrannaa shoiUd ba anffi-
clant to awnra tiu toatinnation
.of tha baat pomlbla graida of
talaphoaa aaririca and to iaanra
tha continnad linandal iatairity
of tha bnainata.*
Tha aamiagt of thh Soothara
Ball TaiaphoM and Talagraph
Norman Thomas, Socialist Lead
er. Invited To Address Work
ers In South Carolina. .
Cotnpaajr during tha baat jaan
' ‘ itory uva
‘1
qroliKLiewer Republican votes than jeeived by him.
Gree'nville,, Sept. 17. —•Southern-
strike headquarters asserted tonight
that mill managements in the' Caro-
linas had failed to make a “single real
gain” in a purported drive to reopen
additional mills today. . *
John- PeeU^'^htrd- vica-prgffHieTit==^f
the United Textile Workers of Ameri
ca, said the s^, mills •■ reopened in
North Carolina%nd three in Soiith
Carolina were ojwrated by “skeleton
forces’’ according' to information re-
of its history
caadad 7% on
its
navar as-
Dnribg tha past thraa yaara the
awaraga was Ism thin 5%, and
in 1933 it droppad to about 4%.
Such inadaquata aamings
odgfat easily have andangared
tha foundation structura of the
bnainata and. hamparad the
tanrica bat lor tha. Compan3rY^
fartllghtad i^cy of retaining
•ach jrtar a aanall part of the
aariUnga to cart lor financial
straaa during nnprofitabla yaaral
Aa a raanlt dt thla aonnd pol
icy, talaphona aarrica has not
bean allowed to anffar, bat on
*tha contrary has bean constantly
improvad dnring tiia fonr
yaara. Andthaacopaof thaaary-
ica has bean aztandad to ^ far
comara of tha aarth, so thatyou
can now talk to almost amrona,
anywhere, at any tiaw, quickly,
and at a inrprisisigly amw chat
la tiiis wtgr talaphona
company has fnlillad ana will
•triyo to oooriima to falfin its
obligation to jttwpablie, that of
fnnuahiag tko iost sraatibla-
aarylca at a coot ■■ low as ia ^
aoaaiatant wMi fiooadal aaf aty.
hil .three Republican opponents
. , , , “'j Union organizers reinforced their
desertion, of that partyhg^e as the .industrial deadlock
•year by hundreils,. of/thorusands ^an into its third ^^k and .Norman
vote for
this"
who o'egistered Demo'erati
iCreel or Sinclair.
He is( *70 years old, wa? bitterly at-
Thomas, national leader of the So
cialist party, was asked to address
strikers in South Carolina as well as
purchase fifty first-rate textile plants
at $1,000,600'each and leave for each'
a w'orking capital /of $500,000. The
mills might l^en be,given to the Unit
ed Textile Workers- with no strings
Attached. The textile workers would
proceed to operate, them in their own
way — w'jth a* thirty-hour . w^k, no
al^IWewbf^
ers".,-desired. Other factories would
Soiitli«m Bell Tclcpliblit and Tdcgrapli Ca.
t l•••»••vq•ed t
#♦♦#»»»»♦»♦» aa$$$a$$$gm
inckedan the primary campaiitn aa a North Carolina-during the week
-by Qreyhound
Life re^awakens in Autumn!
r^cllonary w’ith dubious record and is^
■Jlai^icapped by his dry record, his op-
■position to* so-called humanitarian leg-|
islation and his record of having voted!
In‘the interests of the power com-i
jj)anies when a member of the legisla-
tureX ‘
Btunnest, school, fpotball games,^
Chicago World’s Fair, hunting and
fishing—aU call for pleasant trips
in the fine Fall waa^r. f
Add up the eayingf jrou can make
on tiieee trq;>e-~by Greyhound but.
TheyH total enough for a new
winter coat! In addition, the fre-
~qaent echedulee will save hours,
and 3ron will have unusual stop
over and return pri\ lieges. '
r > -x • < r'Hce
fClA Ww.. 1
‘-' - BUS 'I'EBMINAL
KELLERS DRUG STORE
Phone No. 1 Clinton, S.
C.
\l I W I iC
Greifhoiinfl
/
Dr. Purkerson Tb
: Leave Goldville
t.'Dr, J. Cl Purkerson, manager of the
Jonna. Idercantile drug atffrr at .Qold-
viUa, has purchased Blahding’s Drug
‘slore al Fountain Inn, and will assume
'Rs management.,The middle of Octo
ber.. No announcement^Iji^ ljeep, made stumping toyr into South Carolina,
as to his successor.-'^ •• v* y An Jsolated report of disorder end
Dr! and Mrs. Purkerson «me to
Goldville' from Abbeville and have
A single arlrest, yras made here ap
parently as an indirect result of the
strike situation.
A .small flying' squadron, was re
ported to have <nade bl-ief demonstra-
tion.s~at mills below Spartanburg jand
Greenville but disappeare’d before
troops arrived. -- .
Union leaders appeared to be rely
Ing upon an extensive program oi
mass meetings and rallies to hoki
strikers in line at closed plants anc
r-wing other operatives into their
ranks.
E. Lk Johnson, national organizer of
the Socialist , party, said at strike
headquarters that he had_;telegraphed
Nerman Thomas to extend hi^ strike
j^Iated report of disorder ended
in the sentencing of Berry Fowler,
thivty-sev^n, of Greenville, to sixty
formed a large circle of friends dur- dayajon the chaingang for disorderly
ing their residence there, ;*11 of whom [ conduct and carrying ' a concealed
jkill regret ot learn of their decision
to leave Goldville.
WHAT DO , G
.. P. S. JeiUies.
weapon. ,
'Fowler, .was convicted in magis
trate's court on charges of snapping a
pistol ^ a national guardsman on
duty at Woodside mill here. A sentry
fired several shots over*’ his head be
DO? /'Ipre he Surrendered.
continue to Operate under the code. ,
As the mills given to the operatives
would be under no obligation to earn
dividends for stockholders (they
would have no stockholders), as they
would have .ample working capital
and be under no need to^ pay interest,
and, presumably would pay np salaries
to pcj^sidents or other “workers” of
more'than $40 or $50 a week, they
should have no difficulty in compet
ing with' the privately owned con-
erns. , '
If within two yeawTour ot five of
these mills Were *^on the rocks,”
closed ahd their employees but of jobs,
the money thus tossed tO' the birds by
our loving government would have
iieen better spent than are most of
its ' spendings. The demonstration
vhether they failed 'or succeeded!
iVould have been worth more than
176,000,000. . ,
The money invested in automobiles
by the textile operatives as shown by
the “motorcad4s,’^ the, “flying squad
rons,” is evidence that caalL_U_inore
plentiful’ among the South Clarolinian
operatives now thi^n it was in the
1890s among those whose subscrip
tions to stock lists bulk most of the
cotton mkls. *
Two of the great mills whose oper
atives are now on strike were built by
a you^ mAn' (he died longi ago)
whose personal fortune was $2,500. If
he had “not had,*besides his $2,500, in
domitable courage, willingness to la
bor sixteen hours a day-^he was out
of! bed at 4:30 in the morning cooking
his own breakfast by candle light to
go to the min And oversee '’thb con
struction of the planb!,^in order to save
If You Cannot Pay All
Your doctor knows the ner^hanU in this town. He
knows, how you pay them.
‘ He knows that you can pay part of your bill, if yon
cannot, pay all, and that there is absolutdy no excuse
you 4ean give for not at least letting him know^hat
you rintend to do. ‘
“ See him St on<e, and arrange to pay a little each
week;.or pay half ahd make a*d^inite promise wlych
you will keep to pay the balahce^tacme definite t-^e.
Anyone who realJV desires tb remian honest can
settle any'bill in this way.'
Anyone who really desires to' remain honest can
and let his creditors thipk what they* will.
r
As long as 'you s^ply stow his bills "away with
never a line 6f explanation or a word of apology to
him about them,, he must' conclude that you are willing
he should class you ns disKonesi. / ’
f^or the mon^ yon nre^wkhhoUtng from him is not
nctunlly yours, yon know. It is his!
Re gave yon kia Ume Md checrfnl services; asanm-
ing Jhnt . when he was dpipc yon wonld. pay np like a
ex-
V
He did not look np yonr credit ns' the merekaaU
do. He just came when yon called. He did not ask ^
' before attending ^ou and yonr family, how you
pected to pay. He gave you freely of his time.
New yon should' pay him.
Pay yqnr ddi^or part—if yen cannot pay alL
Tin Clinhmiyical Club
'I