The Clinton chronicle. (Clinton, S.C.) 1901-current, January 15, 1959, Image 2
THE CLINTON CHRONICLE
Thuraday. January 15, 195$
Adair Gets Certificate
Postmaster William D. Adair (left) presents a cer-
tit'kate of Honorary Recognition from,Postmaster Gen
eral Summerfield to Rhett P. Adair, who retired from
the position of Assistant Postmaster of the Clinton office
on Dec. 31. The presentation was made at a dinner given
by postal employees in honor of Mr. Adair at Panorama
Lodge on Lake Greenwood Saturday evening when fel
low-workers also presented him a gift. Mr. Adair had
completed more than 42 years in the postal service before
his retirement.—Photo by Dan Yarborough.
WASHINGTON AND
SMALL 9 BUSINESS
C. W. Harder
A warning has been issued to
small businessmen by the Fed
eral Trade Commission against
a 1 >an racket
• • •
The operation of this new hoax
rame some time ago to the at
tention of the field offices of the
Small Business Administration
and were re-
ported in detail
to George Bor-|
ger, Washing
ton vi< e presi
dent of the Na
tional Federa
tion of Inde
pendent Bnsl-
ness w hen he I
recently made
a field trip to
visit all the
SBA offices.
• • •
In operation. • the tcheme Is
somewhat as follows. Sharp op
erators ascertain in a given
c mmunity which small busi
nessmen are seeking a loan for
operating capital, for expansion,
or for aome other purpose. For
the hoax player's purposes, it
is better if the businessman has
so far been unsuccessful in se
curing a loan.
• • •
The gyp artist then makes It a
point to inspert the hnvines*
premises in sneh a way he is
asked the purpose of his \isit.
0 0 0
He then reveals that he is an
Inspector for a group of philan
thropic organizations with ample
money to loan and whose phil
osophy is that small business
must b* helped, and he is sure
that a loan could be arranged for
the business usually naming a
figure of about twice " hat the
businessman is seeking
• • •
Of course, there is a lorr and
plamible explanation that a (on-
tract must be signed, and that
this rails for a modest fee in aJ-
^ Nftftangl i* «# I©.**r• t
By C. WILSON HARDER
• !
I vance in order to complete the
formalities of getthg the loan.
• • •
Usually, too late, and after
nothing has happened on secur
ing a loan, the victimized busl-
i nessman finds that the contract
he signed, states in very fine
print, that the "con” man, in
exchange for the advance fee in
cash, has only agreed to recom
mend to legitimate lending agen
cies that the businessman is a
fine fellow, has a nice business,
and should get a 1 >an.
• • •
Obviously nothing but a racket.
o o o
Small businessmen are ad
vised to shy away fr >m any
stranger who wants any advance
fees for aecuring a loan.
• • •
As a matter of fart. It Is rec
ommended that small business
men seeking a loan first try their
bank. If they cannot secure the
aid needed from this course,
they ore advised to contact the
nearest field office of the Small
Business Administration.
• oo
Thu agency of the Federal
government will try to work out
any possible solution for the in
dividual problem, eflher by mak
ing a direct loan with govern
ment funds, or sharing a loan
with a private lending agency.
• • •
As a matter of fact, the SBA
welcomes inquiries from small
business firms on financing prob
lems and is prepared to exhaust
ively study each rase la uu at
tempt to work out a solution.
• • o
In fact, in many cases, thesu
studies have been so complete.
I that they have revealed valid
reasons for a loan that had pre
viously been overlooked by a
bank loan officer with the result
| the private bank hat gone ahead
and made the loan.
• • •
But the official warning Is.
"I> n't pay anvbody an advance
fee to get a business loan.”
“DIE FOR ALL YOU ARE WORTH"
Hugh L. Eichelberger
NEW YORK LIFE MAN
36 Years Experience
PROFESSIONAL INSURANCE INFORMATION
FURNISHED FREE
REPORT OF CONDITION OF
Newberry County Bank
Goldvflle Branch
Of Joanna in the State of South Carolina at the close of business on
December 31, 1958.
~ ASSETS
Cash, balances with other banks, including reserve balances,
and cash items in process of collection $ 80.969 10
Loans and discounts (including 540 06 overdrafts) 183.410.41
Furniture and fixtures 2,000.00
Other assets 183,928.48
TOTAL ASSETS $450,307.99
LIABILITIES
Demand deposits of individuals, partnerships,
and corporations * $329,713.50
Time deposits of individuals, partnerships, and corporations 95.423.35
Deposits of United States Government
(including postal savings) 7,1604)6
Deposits of banks .. 7,500.00
Other deposits (certified and officers’ checks, etc.) 10 51114
TOTAL DEPOSITS $450,307 99
TOTAL LIABILITIES $450,307 99
CAPITAL ACCOUNTS
TOTAL LIABILITIES AND CAPITAL ACCOUNTS $450,307.99
I, T. C. Tindall, Manager, of the abov|rnamed bank, do solemnly affirm
that the above statement is true, and that it fully and correctly represent*
the true state of the several matters herein contained and set forth, to the
best of my knowledge and belief.
T. C. TINDALL
Correct—Attest: Joe M Roberts. J. N. Beard, WMter Regnery, A. J.
Bowers. Directors.
State of South Carolina, County of Laurens, ss:
Sworn to and subscribed before me this 10th day of January, 1960, and
I hereby certify that I am not an officer or director of this bank
W W NIVER. JR.. Notary Public
My comnuasioa ex purs at pleasure of Governor.
Use The Chronicle Want Ads!
FARMS...
AND FOLKS
1 • By J. M. ELEAZER
Glemson College
Information Sperialiat
SOYS IN ORANGEBURG AND
CALHOUN
In 1919 Orangoburg planted 139,-
000 acres of cotton. As late as 1937
they planted 115,800, County .\gent.
King toils mo But by the past year
it had dwindled to 31.000 acres.
1 asked King what had become
of that acreage cotton had lost. He
said it had mostly gone to soy
beans And the figures bear that
out The past season they had 80.-
000 acres of soys, against practical
ly none-back in the heyday of cot-
ton > They did interplant a lot of bi-
loxis in their com for hogs then, but
not sohd soys for combining as
now.
As elsewhere in South Carolina,
the high-yneWing, shatter-resistant
beans suited to crushing, that John
Wanna maker bred there in the ad
joining county of Calhoun are their
leading varieties. The order in
which the varieties rank in acreage
there is: CNS-4, JEW-45, Jackson,
CMS 24, and Lee.
And up in Calhoun, where our
soybean industry started, County
Agent Cain tells me the varieties of
their 60,000 acres the past season
ranked similar to what they did in
Orangeburg. There they ran: JEW-
40, CNS-4, Lee, Jackson, and CNS-
24. according to Cain’s estimate.
Cain tells me Mr. Wanamaker
has still better varieties coming
along in his breeding work. There’s
no telling what that farmer has
been worth to the Southeast. A ma
jor soil building money crop to part
ly replace the great loss from cot-
tonV changing status is not to be
sneezed at.
■ * * *
STAFF MEETING
When* 1 arrived at County Agent
Johnston's office in Conway in ear
ly November the white and colored
agents were in their monthly con
ference They were planning a rat
killing campaign, fall 4-H activities,
outlines of work for the new year,
and other things were attended to
before I slipped in.
In this rapidly changing agricul
ture of today, your servants, men
and women, have to plan and work
together, as never before, if they
are to be most helpful in carrying
what science (Clemson and USDA)
has to offer to all of our people. And
it was good to see them in Horry
county trying to do just that. Most
of the counties have a similar ap
proach.
* * *
TREE BREEDING «
Tree breeding is a rather new
art. So far little has been done in
this Held. Georgia is doing some and
a few other states and USDA are at
other places. And I understand the
paper company at Georgetown has
found a few very superior young
pine trees they are protecting and
propagating. , -
The experts tell me trees lend
themselves to improvement through
selection, crossing, and breeding
just like other plants. However,
their improvement will naturally be
FINAL CLEARANCE!
New Prices On Dresses
Group Challie Lingerie $2.00
All Remaining Hats $1.00
Many Other Values
1 RACK DRESSES .... $5.00
• • f
LADIES
READY-TO-WEAR SHOP
CLINTON, S. C. PHONE 129
slower on account of the time it
takes to produce a generation But
science has some tricks for hurry
ing this up a bit. And all uf them
are being used now to give us bet
ter, faster growing, disease and in
sect resistant trees.
.* * *
BOYS ARE THAT W AY
It seems we had more snows in
the Stone Hills of the Dutch Fork
where 1 came up than we now ex
perience. 7 We usually had a few
good ones each w inter then ' But
now I live 125 miles further up
state, in si ;ht of the mountains, and
we haven’t had but two snows
ihy of the name since we moved
here in 1945.
As kids, we liked snows, for two
reason^. First was, they usuafly let
us stay hoijne from school. And sec
ond, wo liked to go rabbit hunting
then.
The latter was easy then. We
didn't have a rabbit dog. So w r e had
to borrow one when we went oc-
cassionally at other times. But
when a good snow had fallen, we
could be our own dog. And I had al
ways sort of envied a dog anyway,
in being able to follow a trail.
We’d try to get our feet and legs
well wrapped in strips of old burlap
bags. And with a big needle, we'd
sew ’em on so they wouldn’t come
lose and be botherin’ us.
It was important to get out pretty
soon after the snow stopped falling.
For during that first hour or so a
rabbit didn’t have time to make any
tracks before you were on his trail.
Yes, then a track meant a rabbit,
and not far away.
I always went with my brother,
who was older. He was a crack shot
and seldom missed a rabbit. When
I was about 12 he insisted I Write a
gun, too. for he wanted me to learn
to shoot I did, reluctantly. For that
thing was heavy, and I always was
sort of lazy. But, anyway, I took it.
That morning we saw the tracks
of 10 rabbits. I made him shoot ev.
cry time, and we were loaded down
with 10 rabbits as we trudged home.
1 was -awful tired. The snow had
packed on my feet until they felt
like lead and as if I was on stiRs.
And every frayed string of that bur
lap had accumulated balls of pack-
snow that added to my burden,
e were almost home and up
through our orchard-when I saw an
other track. I called to my brother
and followed it. He hold me I had to
shot this one, he w as just not going
to even come over there. I followed
the trail through the broom straw
and it stopped at a very small pine
that shohed green just above the
snow. Back under its sheltering
spread I saw him sitting. I was
about 3d feet away. In the excite
ment, I figured I’d either miss or
shoot him up too bad, that dose.
So I did something I had more con
fidence in. I scratched down in the
snowffcnd got me a good throwing
rock and let loose with it I hit him
OFFICE SUPPUES
At CHRONICLE PUB. CO.
and stunned him until I could run
there and get him He came to. But
he was my meat. This gave rise to
a stock story of mine about that
hunt, "the only bird 1 shot was •
rock."
SAVE MONEY ON
THESE SPECIALS!
10 LB. PAIL
PURE LARD
. . (
•
$1.09
CENTER CUT
PORK CHOPS u>. 69c
ECONOMY CUT
PORK CHOPS u. 59c
HOMEMADE LIVER
PUDDING
u». 39c
JRADE A FRESH
FRYERS'
ib. 33c
Irby’s Meat 1
MUSGROVB STREET
Market
PHONE 489
C...J
‘GET MORE OUT OF LIFE — GO OUT TO A MOVIE’
4
YOUR
i
MUMWSRi
PROGRAM
Jan. 19-20
STANLEY UMttiwa*
TONY HUB
SIDNEY nno
Today, Friday and Saturday
Jan. 15-16-17
In On* Or*at
ttauE* Off Aotlon...
...A bey became a warrior!
A home became a hare!
And Custer became a legaadl
SAL MINEO
Admission: Children 25c—Adults 50c
Monday-Tuesday
CHAINED FURY!
i^.1muTtoaraT» CARTOON
Wednesday-Thursday Jan. 21-22
MONEY WOMEN andGUNS
JOGS MUNNET-KRI HUKTOt-TN HOVEY
n*S mmmm*.
STATEMENT OF CONDITION
M. S. Bailey & Son, Bankers
CLINTON, S. C.
AT CLOSE OF BUSINESS DECEMBER 31, 1958
LIABILITIES
Deposits $6,539,581.04
Bills Payable
None
ASSETS
Cash on Hand and
Due from Banks . .
$ 771,112.34
Loans & Discounts . .
2,252,072.94
Bonds
4,419,744.29
Banking House . . . .
1.00
Other Real Estate . .
1.00
Furniture & Fixtures .
198.43
Other Assets
45,5700
TOTAL .......
$7,488,7000
Due to Banks None
Other Liabilities . . . 68,337.59
Capital Stock ..... 500,000.00
Surplus 175,000.00
Undivided Profits . . . 205,782.67
TOTAL . $7,488,7000
Every Banking Service
for
Every Banking Need
Checking Accounts
Savings Accounts
- Travelers Checks
Banking by Mail
Safe Deposit Boxes
Night Depository Service
Trust Services
Commercial Loans
Automobile Loans
Home Improvement Loans
Personal Loans
Dnve-In Banking Facilities
Ample Parking r V
BANKING HOURS
9:00 A. M. - 2:00 P. M.
DRIVE IN WINDOW
INSTALLMENT LOAN DEPT.
9:00 A. M. • 5:00 P. M.
3% INTEREST PAID SEMI - ANNUALLY
it • . %
ON SAVINGS ACCOUNTS
MEMBER FEDERAL DEPOSIT INSURANCE CORPORATION
SAVINGS AND CHECKING ACCOUNTS INSURED UP TO $10,000
M. S. Bailey 6t Son,
Bankers