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Committee Nan^M At^. Meeting .-•y Hopes To Work Out Plan In suring Nine-Months Term. J- r At a meeting of intorosted citizens •l»«ld last Friday night in the high school auditorium, the school situ ation in Hunter District No. 5 was presented by the, board of trustees' and' discussed freely by several pres ent R. W. Wade was elected as chair“ man of the meeting and presided. At ^he meeting a citizens committee; / If-' JHE ’CUNTON CHR01>ICt,E.. CUNTON, S. C. ■ t V •i V TOnaVMHi n BUSINESS AGAIN WASHINGTON/FOR POLICY I 1)espite Rapproachment Between Administration and Industry " Request Renewed Upon Rooseydt For o Statement of Objectives.' : .''i. n /'V .4 j ■ tttl!RSDAY. NOVEMBER 1. 1931 I 'r a aeriei of passes had advjtnced the hflll down to the flve-yardliae. A pass for the try-foP-point was incomplete, entire team played a fine J^ame, Roly Smith and Billy King werep outstanding in \he line, and Charles Trammel, Hall Kink, and Alvin Stone Jin the backfield. Mohawk Shows /. ■ -Come To Towii i ) , The Mohawk Valley Shows are ia the city for this week, their tents be?, ittg pitched at the airport' lot on th4 .Clinton made seven Tirst downs to^e^e of town on the Clinton-Laurenk W W AvaaMB* . t_ * S. .. - - 2 ^ aa. m a — — L n — n « Ja aaM, CREDIT—Its Obliga^ns / . The wliole-trouble with the credit situation today^v > banker ffiend of mine explains Nt to me, is that Washington, ,9it. 27—Qlrganized C!Hn>AI^’ .‘R’ Tanill ' business, noting a growing rapprocho-j ■ merrt,between the administration and; llCS INicWbd*!*^ l/our for Newberry Clinton’s starting line-up: -I highway. Their appearance here is un der the auspices of the Clinton Cotton •- r industry, nevertheless renewed its re-1 ! Left end Bodie Mills Athletic association. The com*^ quest, upon President Roosevelt for ai statement Oif. his qbjecbives. 'Left tackle .1. Smith, R. pany offei;^ tlje usual rides for chil- jLefc guard Dixon dren, shows and conwsSions, with a i Center .1: liing.'W. high dive, dog, vpony. and monkey jour-'Right guard Bishop circus. / i_. . ... . . . 1 tv . The Clinton High “B” team , . The chamber of cpmmerce of theineyed to Newberry last Friday after-'Right tackl^. ..I No."ris United States placed particular em-jnoon^and battled the much lieavier (Right end Furrj a WTWf/Vf ?*>,_ njznnigh wHn oro aairi'nir fnr phasik in a fortnightly‘‘ review of Newberry High a“B” team to a 6-6 Quarter Stone, A IM IU| 11 rMI I* IMm ly I of five was appointed to serv^ in conA^|he wj^o are developments on whit it saw draw decision. Otitweighed at least 15jRel^eck Snelgrove ^^'*^”^^ ^ lljla 1 junction with the board of trustees' and county delegation for the purpose!®^® entitled td it are not usinil. it, Of working out a satisfactory, basis! entitled ito credit at a bank, upon which the schools may run fori® man must eitWr be the owner of nine months during the present ses-!P®®P®*^y w^ich can be thrown on the Bion as in the pfet. The committee t market and converted into cash quick- named consi.sted of R. L. ^Plnxico, to meet his loan when it comes .chairman, R. S. Owens, R. Fergu son, J. F. Jaco’bs and John W; Finney. According tb a statement issued' due, or else be ablb to show that there is a better than even chance that by using the borrowep money in busi- as encouraging signs that business j Or„ 20 pounds per man, the local lads: Halfback .’....* King,,H. men and the White House were find ing a common approacji to the prob- Jeips 'of recovery. There existed', a “growing realization,” the chambey said, that this peace “must come about through the revival of industry and emproyment.” * ' ’ But, it^added, “further improve ment is. cbntingent upon the more ex- di^played a da&h and determination! Fullback | ...r Trammel / yesterday afternoon by the commit- h® can'make Enough to pay off ,j agffjn,- forth of administration tee’s chairman a conference has beeh ^^® leave/iumself a profit. ’ P. setting lortn or admin s o teea^cnairman, a conierence nas ueeni , »ims m the legislation it will offer held both with the board of trustees;* many i people have the idea , soecific steos it will propose and Sanalor Nance, and the commit- .'hat everybody oAght to be^le to 1’™'’“' walk into a bank amLbqrxew money, , rotordloee of his pr^ts of repay-i confress coOTones InT it. The- honest banker. reSpon- T'"'* renewed tee exprc.ssed it.self as feeling rea.son-s ably certain that a plan will be formu lated and approved by which the^' schools will fua for the u^ual fuliplJle to his depo^ors for the careful term. The committee stated that *it! !in'**»tmept of their money, can’t lend in carrying forward its program, r , i hcpcs to give'the public a detailed re port on their findings next wpek. • •V'.. \ ■' New Grocery - Store To Opdrt ^The Argo Food .Store F. Norris and L. L. Stiller, is the name! -of g new grocery store to open in the I city' tomorrow*. The. concern will oc-| cnpy ^he building at the cornel' of i Pit{.s and .North Broad street formerly or occupied by the Dairyland Cre^rn Parlor.'” ' it out that vvay. Very few people in^’ any community know how. to use money profitably; if most of us did Bioie of us would be rich. I thihk one of the principal cau.s'es the present distress is that too much credit was extended in boom .times to people*#who Vere not jen- , headed by ti^^lf^nd . w;h9'did not know hoW to use it. L. L. Stiller will head the new store as manager. F’qr the past nine years he has served the local A. & P. store —— CASH—Its Scarce ...- f The other day I talked with five six of my country-neighbors in the course of one^ Saturday morning; Every one of thein said that cash was harder to get hold of than it had ever been-in their. memory. I went to New York and met a couple as manager during which time he has,of business men whom L knew well. made many friends ahd acquaintances in the city Statement of the Condition of M. S. BAILEY & SON, Bankers Located at Clinton, S. C., at the Close of Business October 17th, 1934, ASSETS Loans and Discounts . .$892,262.43 Overdrafts Bonds and Shocks Owned by Bank Furniture and Fixtures . Ranking House . Real Estate Owned Cash on hand and diie from Banks 125,50&.23 Checks and Casih*’Items .... 351x76 Other Assets .... .... 4,792.19 Both reported that business was good—one said better than for years in volume and price — but that col lections, were slower than ever. Even the largest corporations kvere taking from two weeks'to tvyo months longer to pay their, bills than they had ever done before, As I write this T h^ive just come from lunching another business man'. He gave it as his opinion that ..6,0lJ.J3j j^yplg ^j.g filing the depression wors^ this year than at any previous time. More folk are going “on re lief” because they have come to the NONE! NONi I 5,168.98, •ieqd' of their reserves. They cannot no 9,603.96 TOTAL’.... , $1,074,704.99 LIABILITIES Capital Stock Paid in 20,201.40 Undivided Profits, less f Current Expenses and Taxes Paid Deposits: • Demand $852,661.86 Time 191,830.39 Cashier’s and Cer tified Checks 402.38 Total Deposits ...1,044,894.63 Due to Banks, '’NONE Bills Payable ... ... NONE 10,587.49 j jjyy anything because they have money left with which to buy. I have a distinct feeling that no body, in of out of government, has yet put the finger upon the weak spot in our econdmic system which makes it possible for such conditions to continue. TOTAL $1,074,704.99 State of South Carolina,- County of Laurens. Before me came R. C. Adair, Cash ier of the above named bank, who, upon being duly sworn, says that-the above is a true statement of the con dition of said bank, as shown by the books of the bank. ^ SECURITY—“Clear” Real BsUte ' The only people, men or institu tions, who are in a secure position j today are the ones who owe noth ing and Who have some source of income- not dependent upon the daily turnover of trade. Those and the self-sustaining farmers of whom th%re are many. , r have one friend whose .property consists of real estate in a* large eastern city. His grandfather bound ed the fortune which his father con served and which has now come under his management I as trustee for all the heirs. The policy laid down by the founder of the fortune was never to borrow a cent, never mortgage a piece fo property. ^ If the rents were not enough to five on, cut^down personal living expenses but don’t impair the Substitutes: Wofford. Jacobs, Burnett, Ray, th^ deserved more than a tie game. Afteif displaying a first quarter of fensive that sebred in short order, Newberry scored in the second quar ter, and when a line plunge for the try-foy-point failed, the^seore was tied. ^Stone scored the* touchdown for Clinton on a plunge over center after 1 Sumerel’s Department Store, head- ——'^4” quarters for “everjrthing to wear, ” 4n- SumWel’s Ready For FaU Trade pointed out that England, with one-'"ounces in a page advertisement in third of the population of the United 1 today's paper that their store is filled its old arfd previously unfulfilled request for an exact statement of the Rooee- yeltian plans. As did its forerunners the repeated question is expected to go unanswered. Mr. Roosevelt has made it abundantly clear that he has no idea of restricting his future poli cies on the currency relief noethods and other vital questions by making definite cimmittments at this time. The chamber saw indications of “a convergance of the general aims of, business and the administration” in Mr; Roosevelt’s speech before the American Bankers^* association, which was follow^ by professions on will ingness to cooperate, expressed in formal resolutions .adopted by the delegates. The contention, through its speech es‘and statements made by various representative bankers, brought out what apparently was' 'a generally sihared view that right at the moment business was picking up. There is a growing demand for‘bank Credit, and States, has been building through the with new fall merchandise ready for : nnn . i.ati.a depression 300,000’^houses ja year, the public’s inspection. Style, value while the United States built pnly low prices will be found here," about 48,000 houses last year. | with their fall stock bought right and . “The country will eagerly »wa>t. the I priced right for the advantage of administration’s recommendatio^nfs for (their customers. We are-outfitters for legislation in the coming congress, fwometf and children, Mr. Sum- Due to "advanced pricqs on ail feedstuffs and oper ating costs,:, we are com pelled to increase the price • of milk Ic per pint, effec tive November 1st. ' NEW RETAIL PRICES: Pint : rr : Quart,., 15c CLINTON DAIRY Phone 330 Operation of many of our new laws erel states, and Invite the people of has shown thb need for changes in' this section to .make our busy store the light of experience. Business 1 their fall shopping headquarters. through the chamber, will be pre- pared to make a number of sugges-: SUBSCRIBE TO THE CHRONICLF tions for less restrictive statutes.”* i “The Paper Everybody Beada” WHAT DO P. S. Jsanes Johnson S McGrackin V,. McCormick Deering Farm Implements Located on Main street in New- throughout the World under the direc-i their endeavor is to prolong'the life the volume of loans outstanding has^ben-y, S. C. Phone 39. This is the home'tiun of experienced management who!of that feature,^ eapecially in this you been on the increase for the last'of the McCormick Deering Farm ma- business thoroughly. . {purchase as much aa modern science mrfnth Lv-.. ^ -..i- 'I ..i. I I" this part of the state there island human ingenuity makes possiUe. However, many speakers voiced,the! ^ ^ ®,not an establishment that surpasses' It may be truly said that no matter conviction that the chief problem of (/ V *no^ng mne^ne, -he jthat of this well known estab^hmentj what you may wish in the farm nu- the day was still that of inspiring a ^'nest machine of its kind ever built,Un point of diversity of articles ear- chin^rj^Hne, this plate is prepared* to feeling of confidence in minds of the,the McCormick Deering F-121ried'for the farmer. meet your demand satisfactorily, nation’s business-men which wovrid 1 They mainUin a service department j Their parts department it most corn- lead them to exnand their bu.sines8, operate with ordinary furnace'carrying all kinds of parts. Under di- plete. This is a very important day operiltions. -Fear,, it was asserted by.'®‘* JlfiT* rol'er jrection of a pi^nipnent business man. manv Ws stUl Iholdino- industrv back .^*’*”*^ double disc grain drill and the'This is truly ^-'metropolitan establish- IS. «me Po™' U"(*- •”« rl”^. i come when business might proceed J™** John*®" for a demonstration. This mean^ that their interest with a r^sonable expectation’ of*** **^^^**b****^ which profit I is known far and ‘Wide for they are The banks vere said to be not onlyi^h® foremost dealers m M<^ormick willing but ea^r to make loans. The present diffifculW, however, was de- ^*0“ handle the best lines known scribed as a lackXof demand for such bank come loans, despite thexincrease in credit outstanding! which had with the last few weeVs. ' The banks were encouraged by Mr. Roosevelt’s promise that ns quickly as they began meeting the credit needs of the nation, just so quickly would the leading Activities of the government be curtailed. Chairman Jones of the Reconstruc tion corporation, however, put this statement the other way around, say ing that unless J the banks resumed lending, the government would be forced to expand its lending agencies. * The chamber’s review also noted in and age, and theJarge stock of parts and repairs that they carry enables them to serve you in the most prompt and efficient manner, savii^ endless I ^ w patrons does mot end with the sale of | time, trouble and delay their machinery. From the time you | When they started in business they first enter this establishment through determined to furnish service to every the .wntire life of the equipment you owner and there is no ^ question but purehMe, they are at yoiir service and I that tfi’ey hlive succeed^ Glothing Gompatiy J. H* Clary, Prejridetit ♦1 Loci|ted on Main street in New berry, S. C. Phqn^411. This firm spec- complete and comprehensive service both in the ultra fashionable and the iaiies in Curlee Clothes, Society Brand conservative styles in* all Hits, Freeman und Edwin Clapp clothing and as a consequence is head- Shoes. See this befoire you buy. —^Their men’s clothing and haberdash ery adds much to the dress of men quarters for men from every Walk of life. for the season’s wear. Thex^ales force has made an extensive study of cor- of their *ttire of a man or young man of 'the period and of the types of people and as a consequence if you wiR^ 'drop favorite place and have.* little chat with them, they will be able to show you clothes, all styles R. Cl ADAIR. ... Sworn to. and subscribed befete soma of It. this 31st day of October, 1934. • J. A. BAILEY. - Notary Public, S. C. My friend has been sccustonied to spending a hundijad thousand a' year or more. Now he is living at the rate of about $12,000 a ^ year. [But every""piece of property he owns ■ I n !A ' rented, although what the tihous- COmillSrCldl U6P0Sit0nf ^ ^®n®n^® ®*n P*y not mycb Statement of the Condition of M dntoii nvj^than ®"®^ *<> W snaeiffl treatment. Located at Clinton, S. C., at the close of Business October 17, 1934. ASSETS: Bends and t Stocks owned by Bank .x.. $ 32,075.00 Caih on Hand and Due from Banks ^ 76,990.75 Checks and Cash Items .... * 366.72' Other Assets .... *.... upMep. The property stHT sGu^ boKcyer, and some day prosperity Will retiiili and rents will go up again. Real' estate comes the amurest. to offering security of anything I know ot.Bot not when it is mortgaged. Mr. Roo;Beveilt’8 “reassurances that present governmental lending opera tions are not to be permanent and that private enterprise will be sup ported have been unfavorably re ceived.” It added: ’’Other indications are. similarly en couraging. Discontinuance of pro duction and price control “as general p<dides is under contemplalion by the new national recovery administration. Exceptions will be made id the case of individual industries wjhich can' show (that such control is necessary and in the»public interest. Natural resource industries will be accorded This well known firm has* made an and young men of this community.; ext‘*nsive study of the styles and [and'color schemes, thatJwill render They feature high class clothing, per-1 clothing of the day and have selected your attire that of distinction. -Cl feet fitting, reasonable prices and fre lines to handle that come from some[ ,We are indeed fortuhate to have in authorities on the correct styles and color schemes of the day of the tailoring establishments in lour vicinity a store with the character the country and as a consequence are I of this one and desire to congratulate They also carry a full line of shoes of high quality, good tailoring and for men, eld and young. This firm^has attained a reputation that extends for many miles as being a modern style headquarters for men old have that spitit idmut them that gives the > wMreF that cast of a gentleman. Just now it has an e'xtensive line of the latest of the pi^ular shades in uws as4x.ss.vA BMUVB IH and jroung. It offera the public I the Materials that are so fashionable the management as men who are add- much to the life of the period as they are giving excellent service for their sales and thus merit the succefi> and the large patronage which have crowned their well directed efforts. country's most psrplexdng problem On the present scale of relief there Mills .. Located ia Newberry, S. C. It is one of our-most flottriahiag'industriea and *The question of relief rwniins the I* fully “Worthy of IttOFe'thhn paaslng is no prospect of balancing the fed- notice at oor hands, for not only ia it » the leading eoBcern engaged in Ita , u J , i.u V iO^ particidar field, hot its products oral budget, although there is oppor- * , T tunity for economies. in present gov; * wide reputatibh for general ernment joperation. “Large public works prbjects as a INVESTMENTS—Diamonds t talked the other day with the means of absorbing unemployment (diamond expert of America’s most 1,388.04 jewdry house. He told me -wyp, T 411 n SI d 111 P”®** quality, well- excellence and are considered a stand ard product among the trade the coun- have proved a disappoin^ent. Eyi- accounts for their suc- dence accumulates that the adminis-j^gj^j.ij^jj^^g , , . , . , , —-— —career. The rapidly tratlon is- ^ubtful of the demand for their products UABIUTIES: Capital Stock Paid In .. . ....$ Ehvplus ...r Undivided Profits Less Ex penses^ and Taxes Deposits: ‘Demand ....$106,525.08 Cashier’s and Certified Checks .... .„. 752.53- cut diamonds are nearly double I extending this program and that, in- Iwhat-they Avera three or four yearslatead of heavy construction, it has in ^i*9JO.OO - In another store I asked the -125.0(F of the diannoml jewelry 4®P*'''^' ’ * ' 1 menr how business was. He re- 916.50 piig^ i^hat they were selling more Idiaihonds, and at better prices, than for .years. .. j . L .'Pooplo ^th semd . capital re-l- ~ ’ is4ni%s, ■ he explained, *are- putting rican Diamond Trust. throughout the country is being met mdnd self4iquidating housing projects on a large scale, as w?ll as a pro-r gram of road building jind j,grade cfoemng eliminatidn* to Employ lir-ge bodies of men. here easily on account of their plant beinm^l equipped with the moet ap proved appliMcee for ibis particular pr^uctiun. Tlieii yeMTS“Of~expcfrehce coupled erith the practk-ai knowledge of ^an^acturing, has won for them thd reeoignkion of the entire country. In appreciation of the inestimable value of the lorotion of this sstAbiish- ment here the people are loyal in their support of this institution wJ^ at is rarely if ever equaled elsewhere in any line. This hes. heoome so mhmI^ a part of the everyday life of the peo ple of this community ‘Chat aome have tome to tWnk It as a mattar qf oourse. It might be well to pause and take into tonsi^ration what the Newberry • Cettbn Mills really means to the dty where it is located. Ita removal from the. local field would be disastrous, jbut its maintenance means the unin-, temipted continuance of’-the jcncour- tracts thousands of dollars annually to this community. dr'in thTc^iIJ^ky, and ^ on*arf mw* of indmtri.!, oom- **“*'"“’ »nd social developmeiit of this men distinguishes this ccncCm snd itipart of the country. “In connection with^^using, it is Total Deposits .... . ... .. 10<,57T.61 ^their money into diamonds as the ■ ' -’saftot-way of conserving their cupi- TOTAL $ll,0319-ll*tal; possibly increasing it jind con- Slate of South Carolina, County of iLaurens. Before-me came F. M. Boland,' Sec retary-Treasurer of the above named who, u^n being duly sworn. yertniqi it back into aaeh ovqr night Eur<^peans, taking iCSvantage of the depitoiated dollar, are sending America to buy diamonds. ITHese diamond purdhasera repre- ■ajs that thd above ia a true eia^lse^* largely, capital that ordinarily of the.condition of said bank^-asi wwikk go into induiatrial or com- by the books of the bank ^ [merciM investments. Its owners ^F. M. BOLAND. jaxe afraid of such investxneikip now, Sworn to tfnd sulmcribed before me but th^ 'want thfir money where iUo 29th day of October, 1984. VERA P. WIL^N, |M«ry Publie for South Carolina. 8. p. Dillai^Diroctonl; they can get it out quickly if the upturn comee, and ihe diamond mar ket has always been an Instantan- Coriredt Attaot: W. W. Harrhg W. fkttbt market, in whidi minimimi prkes mwn hv South Af \ >* PRICES—ln The Dty City folks are paying more for what they eat and .wear than for several years. Pricto are going up. But how far that benefits (vthe farmer I am tolsbhiewhat doubtfuL I The general effect^ as far as I can observe, is that most city people are cutting down on, their food, either eating less buying cheaper grades and kinds of foods than they have been accustomed tOi So far. as clothing is ooaceraed, therp is a great turnover in the very cheapest lines of, men’s apd women’s clothing, but many menebanta who handled only high-grade > garments aro dosing their stores. .\. ■ . Tke Fashion Ladies’ and Chfldren’s Wearing Apparel Located in Newberry, S. C. Phone|which comprehends the peraohaf nbte|the attire of the uroeto^ve 20. This firm features a full Une of [in the-Selection of dresses, tl has long'.of today, and one mu^Uook flr^'II^d woman women’s, misses’ and cbUdrwn’s wear-] been known that it offers all.jflibe ing apparel, and many specialtiee. latest styles of the current and pass- JCeeps right-abreast of the 'tunes and offers the sarroundiqg territory the newest fashions at prices that are pricto most reasonable. ^ The choosing, of^dhdies’ roady-to- wear haa much to db with her per sonal appeannoe. It ia a wall known fact tha^'l^ien a lady ^miters a place where the people in ehatga imdentand what manner of chvm iriH fit her.ewn style of b^uty aha’ ia aura to go out well gowned. Tbla is one feature af this, astablishmant whkh has Wan far it the reputation of being a good store ihg seasons. The wide custom that the place enjoys and the fact that the pat- tronage includes ^e best jieople from this secUon of community, pushes it to the supreme poaition which k hoWi in the ready-to-ifaar world of this community. Because tiky buy from the bast and most emdusive houses and have sales people of abil ity, the cuatpm increases with aeaaon. - Inv ladiea’ rendy-to-waar you have at jrour fsryiea thoaa many. UtOa a^ tosaorias of drom which eharoctartae wide to find a stock more complete+ and attractive. One might devote ranch space to at d^criptlon of their modern and high-^ ^da stock, but let it sutfice tp.say that you will findthere juat-srhat you ’ would expect to locate in the head- qtorters'of such an eatablirinnent aa; tini one. ^ ^ We are pleased^ ia tiiit edition to five f^orable mention to,The Fashion 1! endeavor and to say th^ thoee whq arc particular as to’ jbw personal kppearonee cia not do • tower than to eonaUlt this popular,^ itoro wbkO) U gauing^iji ctotMK with- each season.^ A n \' \ N