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(7 I PAGE SIX THE CUNTON CHRONICLE. CLINTON, S. C. THl RSDAY. APRIL 6. 1939 Senate Approves Grower Subsidy I ' ! that the loss should bo fijrure<l on that basi.s. ' . ' The irovernment loan.s were de- |sigTie<l to aid fanners by p«Tmiittinfr I them to fret ca?*h but to defer aellinfr Bill To Release I.«oan Cotton Toltheir cotton until the price improved. Growers Who Produce. Pncejln 1937. for example, the Jcovenjment . ^ r la' ,offered a loan of 9 cents a pound. The M'C cents. farmers’ hope was that cotton subse- quently would fro well above nine Washington, April 3. A_J)ill I thereby enabling him to pay off which the government would sell loan, plus storage and handling €)S ita huge cotton holdings 'back to have, a sizeable sum left s rc V TTTTTii Some of my colored tenants give , me a refreshing new slant at times. j OccasionaMy 1 am inddiited for a bit I of wisdom; sometimes k is a wordjda^ during a long drouth I asked cred; only the taxpayers must sufftr loss of income! We have a privilege! class; it is those who feed on the public. The taxpayers are a dem<K- racy of underprivileged, but the Ux- mto a homWe mess that frightened .payers are an aristocracy of spec a 1 away the evil spirits which afflicted. privilege ' body. Seeing th. old m.n onej ^ WASHINGION rs.rrrrT« cotton farmers at the bargain rate of over. Saturday morning a big stra]:^ing fellow said to me, “The seed loan man'» »««Ti of rain, when you dream about It usually I .says that you signed the rent waiver {d^ad men.” And the rain soon came. Wa-^hington, April 3. However, the price did not go above j takes a new congress about three j with an ‘indelikin’ pencil and it must Thp cotton remained tied UD ”i<>tiths to get “shaken dowm” so that be in ink.” I went to see my old friend five cents a pound passed the senate y today and went to the house. 'g ^ents. The cotton remained tied up^ Containing provisions .sharply at io«n. tackle matters of legislation 1 of the seed loan and quickly arranged variance writh the export subsidy pro-| -phe loan program has teTide<l to ptg wih a clear understanding of what j about the “indelikin” pencil, gram recwtlyy advocat<*d by Presi-'j^jm.rican prices above foreign prices, they are all about and what chance j friends know, of course, thmt Roosevdt, the mwusure went j buyers have been turning j there is df getting action. jthat the government will not lend! One of my tenants was biesaed with a boy and a girl. He named the boy “Expert” and the girl “Others,” They still thrive as Expert and Others, The papers tell us that the rulers througl^ on a voice vote after a dis-'j.i^.w,)^re for cotton,“largely b<*cau«e This 76th congre.ss is no exception. I money to a farmer-a tenant-unless | ^ndering cussion la.sting little more than relatively high<*r prices of the Here it is April and the boys on Capi-jthe landlord waives his claim for rent, I question where to get economy. W’e are told that even if revenue should come up to expectations we tM>urs. Offered American staple, and 'becau.se of dif- tol Hill have been in VV’ashingtonjjfiving the government first by Senator Bankhead, of. <)*)taining ample supplies since the first of January, l«*arningi Landlords sometimes waive Alabama, and backed by a group of <ther Southern senators, the bill slip- )f some grades. Und<*r the bill pass<«<l tinlay, the Llates that farmeTS, buying the cotton ^ faj-mer will pay must make a corros|H>nding reduction government will wipe out his obli-| in their 1939 acreage below existiri;; particu-j allotment-s. i|yi. cotton is concerned. The farmer 1 g^oization will then Jk* able to th<' rr»tffin' but claim, i them-1 (lays the price ‘has j higher than H cents, he] .Senator Lucas, DemtH-rat, I’nder the • niesisure, as much a-? :HKKI.(KK) hales of the bah which the government acccf^ted from farmers as se<'uri1y for loans would ♦ s reU*ased hack to the farmers. The go', (•rnment would .Miffe'r a loss id'out 1 or cenc.-^ a pound. This would |. /man $20 or $2.*» a l«ile, or from $<)0,-, o.lildll' 1,. $7.-..(l(di.(HKi. if th.- .''"Prani w,.,.. «,th,l.a«n. j"""!'' Itankhead told the senate, however. In a statement, Lucas .said that not moiv than 1,0(K),000 (bales!of senators fro-m the might 1k' taken hy faitiners liecau.se jCorn, whi-at and dairy rr.any had progr<*ssi‘d too far with | Secr<*tai'y tV allace jMans for this year’s crop to make resluction 1k-Iow their (juolas. the ropes and getting acquainted with j Helves completely out of the picture, j have an operating deficit of each other’s points of view. Now it though the taxes have to be paid by ® million and a half dollars during I(K)ks a.s if they were about ready to i the landlord, not by the government, get down to »t‘rious business. . rain or shine. To Ik* sure, the departmental •vor-, ^ couple of years ago a colored bill was .seriou.H business, He had done this fi.scal year ending June 30th As everybo<ly seems to be at sea or up in the air about our state finan- nue, new taxes? Why not step in and do the perfectly ^obvious thing — re duce the spemhng? While the legislature is in 8es«i*>n, at least until the appropriation bill is passed by the senate, tbe pik>lic ser vices of the state keep in behind the legi.slators at every turn. In the sen ate and in the house; in the lobbies; in the rotunda—everywhere—are of ficials of state services arguing, ex plaining, pleading—all to get increas es or to avoid cuts. One city in South Carolina is said to carry a man on the payroll a,s a teacher wnhose func tion is to lo-bby for the teachers! Fine business, isn’t it? And the legislatora are beset in the restaurants, in the was .senou.H Ik* able to s«*Il the cotton i f'Ui not as .serious as the F>r«*sident’.s a]Y”that he rouUI ^r her—was goinli^*' predicatwl on facts. Let uscontem- for 'whjit<*ver it will bring. In recent j nPI'nnents made it (>ut to Ik*. The ma- \yy,j)(, well and t<K)k her to theM*^^^*'* facts. lK*en fractionally I jnr jioints on which the rcorganiza- y,„^p,jy| w’hen sick, traveling fifty-! L The prol«tbility of this d«*ficit ^ I lion bill was beaten last year have ev«*i-y day to s<*e her, WhentWas 'well known last June. It is there-j taxpayers I b<*<*n taken out of th«* mea.sure as it y,.j,j, several days after tlii* .fu-' fore not a sud<len and unexpt*cte<l af-|chants, the ces it is desirable'that our thinking) hotels—and wherever they go. People who want this, that or the other hang on like a lot of leeches. If we consider the condition of Vne of llli- — the farmers, manufacturers - nois, op|K>sed the cotton measurt*. say- favoreil instead “an all-Am(*ri- (/•Mti agricultural urogram which a group newly-form<*d bloc m<‘it with and a group of a I Southern s<*nators in an effort to draft a uniform farm program. I now stands. ^ While it giv(*s th(* jiresident wide powers to regr(»up and c(»n.soli(lat«' government buroaus and offic<‘s and to go as far as |Kiiitical «*x7)ediency| the mer- - is it not n<*ral, and talked to him about his | Diction. The operating deficit is for apyrarent that deep cuts should be bereavement as sympathetic-ally as I this fi.scal year. Now if we are .so , made? could, he respondc-d, "Yes sir. It w'as'childish as to continue to operate the. We haven’t enough courage*, in the awful in the world, but now I canl i^tate on the present scale we may ex-: aggregate, to do the thing our intel- ,"qualify.” He “<iualific*d’’ quickly, forjlM*ct another dc*ficit of a million andjligence so plainly indicates. Every will |K*rrnit in lopping off uscic-ss J**^-^*! within three months he had made txth-|a 'half next yc*ar. That totals three two years the v'Oters elect a new the powers grantcnl him are not arrangements more or less of a!million dollars. Then if we venture great as those who president , n^trimonial nature. j forth on a further squandering of (any difference, asked for and the house voU*d to give j have an old tenant who (public money to feed and clothe and hou.se, but it doesn’t seem to make In its original form the Kankhc*ad^ bill would have* provided for rc*lease ators attending wen* I>aFolletite, I’ro- of the cotton at 3 cents a pound, but ifiessive, Wisc'oiison, and (Mark, I)«*m- the .sc-nale changc-d this to b cent.s on|<K-iat, .Missouri, (’otton states wc-tv motion of .Minority lA*adc*r .McNary*,j rt*|»r<*sentc*d by ^k-ivators Bar>kh«*ad, Ke|»iibli(nn, of (Megon. ,|Byrnc*s of .Soufh Carolirw, and Lussell itankheced and .McNary disagreed a.s him in his last two years in office. And bt-fore Mr. H(K*ver, Presidents Bedsides Lucas, .Middle Western sen-!(Wil.son and Taft had ' p^y^dc-d for the .same authority to intrcKlucei _ the eorrc'ct method for ■ t of the* firognim. estimating to I h« e< I he Kepiiblic'an leader -aid that the i.'.<iag( of the Ioan< made* by the » omMnsiity I'n-dit eoi poration was 1o l('i eeiitN a |M>iind -iiiee 193.'> and I'l.i' the pi n'|K*e: IVe lo'>- ■'hoillil «.-mpul(<l from that figure. i’>«nkhead M'-^-rted that hmii for (ottori to lie wMhdiawii under the \'.a -lightly ovei ;• cents a pound had a rt*putation as a “witch doctor,” j minister to all the underprivileged, R whatever that is. Perhaps he com- arnl unfortunate men, women and herbs and roots and leaves children, white and ‘black, we .shall be’ - — I face to face with a still grc?«ter defi- l)u.sint*ss-likc* methcKls into the* admin-jj.,| any changes of any kind or by any eit. This is putting the question be- istration of govi‘minent. (means in the* .st*t-up of the United fore you in its simplest terms. I The big j(4» which congress^ is n<>w J w;tai<*.H govt*rnnY<*nt. IMiat is the* privi-j us make a point here. We have ■’ c-gc* of citize ns, but ne>t of fore*igne*rs. a buelge*l cermmission, composed of the neruglas Une/ppoHcd gervernor, the* chairman of the* senate The*r«* has Iks-ii surprisingly little* finance* cennniitte'e and the* chaii*man 'OU Don’t Rend THE CHRONICLE Yon Don’t Get the NEWS alsiut to tackle* is taxation. He-rx* the pre*sidcnt b-rit a he*Iping hand by agns'ing to ae*e‘e*pt the* propo-aJ to e»f (Ie*orgia. Lu<*as said the* .Sen/lhe-rri and .Mnlwe*sti*rrn se-nateus W(*re* "in agie*e*me'iit as to the* urge*nt ne-ed for'anu'iiel the* seK'ial .s«*e*urity act .-<» that oppo.sitiem e'X|nx*sse*el te» the* pre-sielent’s <if the* heiu.se* wavs and means cemimit- seune* -eu t of bi'oael-scale* nat ional! t he* in<'re*ase*e| taxe s fe»r edel age* retire*- j,p|„,jntin»*nt e»f William O. I>e>uglas This c(»mmittt*e* is auLhorize*ei by me*nt Ik' t he* bill anei of Condition of .M. S. HAILKY & SON, Bankers fanii |Kdicy." Te» Ik* e*ligil»le* to Withdraw loan’T*'®*'* iCeittein at b e*e'nts, a farme*r woulel be- staiieL. j re^epjire-el tei cut his acre-age* not le*s.s than 20 fmt e'e*nt no ineue* than 7b |K*r ce*Mt leC his alloUne*nt. Me* would Ik* ie(|Ull>sl tei signify his lirte-ntiem tee make* siie-h a ixsIiK-tiem be*- feere* .lime* Me, anet he* e-eeiibl withdraw -hare* <ef pb'dgesl e-eettoii afli*r 31. will neet go intee as |ireivide-e] unde*r e*ffe*<*t ni*Xl I,, the* law ast. .Mr. Ikie<ese*\(It ailel the' al'(e agres*able* tee the* e the* seeme*what fictitiieiis “re*se*r^'e* funel” for s4K*ial ses-urity, whie-li has| Ims-h Wlele*ly criticize-el as te-neiirig t<e-i -pF,, of ( Union, in Ihr Stale of S. .^t Cloeee of llusineMH on March 29. 19.19. C. Jdlb.Hl 1 19 .V796.tMI ASShnS iK-aiu* atiei diweeunts (in- ciiMling $7,070 be'e «ev«*i - el rafts Ceerqeeerate* stm'ks Ca.sh l«lam'es with e*Lhe*r l>ank', iiudueling n*se*rv<* teMl.tn«'i*s, ainl ca-sh ite-ms in pieK'e '« eef e'lelle-Ct Hell .'129,310.HI K«al e*state* eewnesi ei<he*r than bank pie mise*s l»^he*r ass( t.s Ins .lulv Report of ('ondltlon of Commercial Depository of Clinton like-liheMHl neew that the* seK'ial see*un- jty ae't will 1m* breeadciicd tee take* in classe-s eef Weerke*rs met lleew reeve*re*e| 'by it. the* vacancy eeii the* supreme* e-eiurt law tei ix-eluee* the* amounts autheeriz«*d cause*e| by .lu.slice*. Hraneie-is’ re-signa- nee as tee bring the* budge‘t into ■lealance. I Leeii. ' The* bueige-t commission la.st ye*ar tie*asuiy an Only 10, .Mr. Ibeuglas is the* yeeung- niaele* a sort e>f granelstanel reduction iminatieeii eef appeeiiite-d to the high court «nd bhe .senate immediately jeaseed a in Iiieere than a hunelreel years. LjU for about $700,(>0() to pay it back. ( andidale (earner ' .So niue-h for the* senate’s effort to de- hotte-st bit of |M>litK*al geessip f,.||t economy. The farmers were cut arounel Washington lately is to the* quick; the im-rchanit.s (out eef ward inflatieeii. The*re* .«»e*e*ms little h,.,j,(l that \ iee-Pn*side*nt (lamer has au- Columlna) we*re in the n*<l; anel the theen/.esl hi.s frie-nels to start rouneiing ineiustne*s we*re* staiieiing with backs up elele-gates to the 1910 Ih iiKK'ratic' tee the* wall. Income tax iieeyments Niatieenal C(enver>ti«en f«»r himself as have fallen e>ff 2H per eK*rrt; But the .'scrap (Mer Taxes prosident. la»1e'*st rejMerts are that he | public functionaries must r»ot be cut. The real serap in congress will Ik*Iopp ,|,.|(.jrj*t»*s "in the nor public programs Ik* curUileei! w ill Leeer mi-thiKl- of changing the* tax sysU*m see that it will still priKluce (enough revenue to run the govern oag. jpulilk* salaries anei pix>grams are All sa- THE MOTORIST Who uses a powerful mo tor and weak brakes . . . . . . flirts with death ever> motorinK mile, and We can help you to. be a “ifood boy” and not* flirt'— . . by .servicing your brakes to be safe. Sowers Garage Phone 196 lAKated at ClinteHi, in (he State of South f'arolina. at (he ('Joae of Uuai- ness nn March 29, I9.'I9. 2H.2tM' 37 I.bl9 36 Tt»r\L XH.HKT.H LI Mill ITIKH Is-inaiid (b-iKiMt.** of indi- S'.isn.il.lH t»3 123.139 62; viduals, iKii'tiiershiiiri hikI (■(•' |KoaMoii> $l01,HKtt.H2 ’r me de|H>'i?«. (>f 'indiVid- aels. iMitiicrships, and col tHirat urns lS|K>«.its of .-state' and |Kt- irtical 'irfslivi'ioii.' 1 s of ttanks <Hher d(‘|K>'its (e'erllfieel .tiid officer'’ e'hee'ks. (*tc.I ’’ArTAL MKI'M.HITS .<.'>«'»'.».999 ()t> A.S.SKTS I sums and di.<H*ouitt' lH»te*s on e-otton $ I’nite*!! States (iove-rnment obligations, dire‘Ct and guarantiK-d (Mdigations of .'slat4*s and |M»litle'ul MiImIivisioiis (’a-h l»eiluiMX*s with other Itaiiks, iiM’luding n*serv(* ba aiiei-s, and cash items III pixKcss of eolb-t'tion Furniture and fixiures L9b.l.93 I 3lM>(M).90 L'*b,.'{79. Hi 641.90 $2H-|,l*6b..39 1 l..V.»6..3b 3.30.«k1 11.. Ttn \ls Isl MULITIKS (M’lTM. AtCOUNT < apital $ 20,201.10 TOTAL A.'5.SKTS LIABILITIES lb*inaiid d(‘|K>sits of indi viduals. partiH i*shi|>s and col FHo at lon.s $2bb,316.91 iViKKot-s of .States and |h»- litical siiIkIivishoi' 21,617.3b (HlH*r (l«*|K»sits (certifit-d and offiC(*rs’ ehi's-ks, «*tc. .‘»0.H9 total MKIMSITS ? >276.9Kb.lb SulK*rdinated I repo'it.s ( tldiVid.si profit' 379,798.601 . lU..2U».03i‘/^"'’‘> rtfl AL L1ABILITIF.S $276.9Hb.lb t'AI’ITAL AUt'OrNT $ J.bOO.OO ’'dTAL t'AIMTAL » <HAT A<'- $iMM;3'.t.o:i ToTAl. LIAIMLITIKS V.NIM « \I’H \I. AC- ( oi A r Surplus I'lidiv id(*d pixifit? TOTAL t'AIMTAL A('. ('OUNT $9S0.rdH.03 I*: i\at(* Bank No stock. Memoranda A .'( t.' pledged to qualify f(*i exercise of fiduciary, or c«u iHii ale iHiwei s, and for '|Hir|M>ses other than t<» secuix* liabilities $ 6b,IHHl.OO lH jH»sits sccvirisl by pledg- ♦sl ass«‘ts pursuant to iv- (luirement of law On date of rejKirt th«* ix*- ((Uirtxl legal reserve against deposits of this bank was A.s.setj; re{Kirtt*d above w hich wx*re eligible as le- TOTAL LIABILITIES AND I'AriTAL A('- t Ol’NT 10,243.74 34.971.31 ga! reserve amounUxl to $32tb310.81 I, H. .Adair, Cashier of the above- named bank, do solemnly sw'ear that the above statement is true, and that it fully and correctly represents the true state of the several matters here in contained and set forth, to the best of my knowledge and lielief. R. C. ADAIR, Cashier. State of South Carolina, County of I.Jkurens. Sworn to and subscribed before me this Sth day of April, 1939, and I hereby certify that I am not an offi cer or director of this bank. ROBERT & OWENS, Notary Public. Mj commiaaioB aiqtlres at the pkaamre of tht Governor. i!i(*nt yet-relieve business and capital uf the buideits which indtist i lalists and (X'oiioiiii.sts say have b«x*n |»r(*- V(*iiting expan'^ion of business and the (ii‘alion of new jiJis for work(*rs. iK-tails have not (K*en nuidi* puldic ,of the Irensury’s plan, which has Ik-cii I carefully worked out l»y eX|K rts. but | III g«*n(*ral it pro|M(ses to "broaden the | 9l,(K10.tMl base" by iiicliHitng in th( inc(»ine tax millions (»f |M*is(»ns wAio ar«* not ' iHiw dli(xtly laxed, providnig for col- I bx’tion of .'Ucb taX(*.' at the .-(»uix*e. by | dediH'tioiis from iiayndD, scrapping all tht* prc'cnt various ft*rms of tax es on c(M|HMale t»usines.s and sidisti- I tuting a single gnidtuittxi tax on eor- | IKirutions with s|Hvial pix*feix*iM*e to | small bu'iiu-sses. ^ Part of tht* plan is to aUdish all ' the excise ami “nui'ance" taxes, but | hen* the problt‘iii (»f what tti .*ubsti- | |tute for them arise', ami is likely to ^ j cause a row . 'riiere is every exptx'tatitm that con- I I gres.s will iMiss tht Rankin bill pro- | [viding jiensions <*f $UI a month for | t*very veteran w ho won* a unifonn for 90 days or nwiix* during the Worbl ! war, wbetiwr he ever got farther than I ,a training camp «»r not. | 1 The oidy vt-torans’ organizatnm op- . posing the mea.sun* is the American Vetvrans asstH'iation. whose sjHtkes- I b.tHH).(M)' men contend that the total cost to lh<* | 480.24 taxpayers of the proiK'st-d |K*nsion 1 plan will run t oat least 13 billion dol- llars. There probably will In* some ex- 7.9H0.24 Icitiiig dt‘bates when the nieasun* gets to tht* fltKir of both hous<*s, but tht* tu*st-iiifonm*d men on Capitol Hill coMCi'de the likelrhotKl that the meas- $284,9(>.->.39 ure will In* pas.sed. Ask $1.(MU),(H)0.000 Hack of the new agricultural appro- pi iation bill, thx* largest ever proiro.stKl to cougix'ss, the fann loWiy is solidly lint*d iqi. The bill calls for the ex penditure of a trifle over a billion dol lars in the ctvming year, which is al most 250 milllions moro than the butl- get estimates. -Moiv than half of the anioum is for .soil conservation and other diix>ct sub- an additional I i I This liank's rapital consi.sts of com mon stiK'k with totAl par value of $2,.‘.00.00. .Memoranda On dat«* of ix*|H)rt the ro- quMX'd legal ix-serve agumst de|K>sils of this bank was $ 27,698.52 .Assets ix-iKirtt-d above which were eligible as le gal ix‘S(*rve amounttxl to $284,324.39 ’ sidles to fanners and I, b. M. Boland, Secy-Treas., of the ^250 millions for “parity payments.” above-named bank, do solemnly swear ^ith the certainty of a bitter that the above statement is true, and the floor, the general opinion Chat it fully and corrt'ctly rt'presehts that there will lx* no serious chang- clu* true state of the m-veral matters' j,, the measure, herein contained and .set forth, to the i Deportation of Aliens !>est uf my knovvk-dp and lielief. xhe controversy over the failure of b. M. BOLAND. Madam iVrkins. swretary of labor, to < orrect.—-Altt'st: AN. D. ( oFH*lund, order the dejxirtation of Harry Brid- W. AA'. Harris. H. D. Hemy, Dinytora. i the West coast Convmunist labor State of South Carolina, 'leader who is not an .American citiien, (^ouniy of 1-aurens. icanu* to an eml when Mi.ss Perkins Sworn to and subscribed before mo vonvinctxl the house committee that this .5th (lay of .April, 1939, and I was considering her impeachment that' hereby certify that I am not an of-'^he had no power under existing laws ficer or director of this bank. I to depi>rt any alien merely because , Wr H. SIMPSON, he w*as a Coanmunist, but only if he Notary _Public for S. C. openly advocated the^ overthrow of To Every Printing Problem There is a Sensible Answer A\ E MAKE IT OUR BUSINESS TO KNOAA THAT ANSWER WITH . . . My commission expires at the pleas ure of the Governor. SUBSCRIBE TO THE CHRONICLE "Tile Paper Evarjrbady —Desigrn, copy and layout assistance —Skilled and trained craftsmen * —Modern, efficient equipment —Attractive and effective display —Originality in printing: ideas —Exclusive illustration service i ■ i i t i i BETTER SERVICE THAT COSTS NO MORE. ‘‘We Do All Kinds of Printing Except Bad” Chronicle Publishing Company Publishers — Printers — Stationers . Telephone No. 74 Clinton, S. C. I I I 1 ■ i I i I i i I I I I the government by force. Steps to remedy that situation were taken when the house, by unanknous vote, passed' a law providing for the deportation of any alien who advocat-