Cheraw chronicle. (Cheraw, S.C.) 1896-2005, September 20, 1917, Page Page Two, Image 2
(Hijrrani (Cbroutrlc
8<
Successor to The Cheraw Reporter,
which was established July 9, 1885,
and entered as Second Class matter
at Cheraw, South Carolina. j
C
J. N. STRICKLIN, fl
Editor and Manager. f(
g(
Cheraw, S. C., September 20, 1917 ^
tc
Representative W. F. Stevenson in
a speech delivered in Congress on
Tuesday sure scored the DuPont pow- p
der people and food commissioner
A
Hoover. In a very few words he
clearly showed that the government
was responsible for the falling off in 8j
the price of cotton and cotton seed, ii
The Chronicle regrets that it is not ti
rr
in a position to publish Mr. Steven- ~
son's speech in full as it is a most
forceful presentment of a very serious
proposition. 7
9
We hope that our farmer friends 2
will not rush their cotton on the 61
is
market. There is opportunity to get A
money on cotton by storing it in a
warehouse, and the price will surely e<
go back to 25 cents in a short time, fc
and we would like to see the producer
share in the advanced price. ^
The supply of cotton is short and c<
nothing is keeping the price down but ^
the speculator. Of course the specu- w
lator and the manufacturer want to
buy the raw material as cheap as they p
e1
can, but look at the price of the mann
ufactured article, and then compare Ir
it with the price when cotton was 15 it
cents the pound even, and you will
see that cotton is cheap even at 30 ci
cents the pound, and the price of t(
cloth is not coming down as cotton
goes down. And bacon and flour and d
corn and other things are away up 0
and only cotton is going down. The ^
remedy is to put your cotton in a ^
warehouse and if you have to have d
money go to a bank and get it. Banks
generally will be glad to lend on cot- P
ton and will give a reasonable rate of c'
interest. Cotton is sure to go back ^
p
to 25 cents and probably 30 cents
and The Chronicle would like to see u
the producer get the benefit of such a v
get it is to store your cotton and E
s
keep it off the market. c
c
FUEL SCARCITY IX GERMANY. t
I
Difficulties With Winter Supply Have t
Already Begun. S
f
Difficulties with the winter supply b
of fuel in Germany, already are be- e
ing felt says a letter from Copen- p
hagen, Denmark. $
Butchers favor keeping their places a
open late two afternoons a week, n
otherwise to close with the sun. The c
jewelers plan to keep open only on j]
those days when artificial light is un- t
necessary which, during the north u
German winter, are very fewr. The ! n
city of Stettin already has suspended n
street lighting entirely on account of t
lack of coal. t
The German press and public are
for the moment far more keenly in- n
terested in problems of fuel and food j,
than in politics. Discussion of ques- c
tions of constitutional reform, except a
for angry orders to President Wilson ^
to keep out of German affairs, has j,
practically disappeared from German f
newspapers since the reichstag com- c
mittee went home and the problem of ^
the potato is now the topic of the r
day. 0
Farmers are proclaiming an aban- i
donment of the compulsory adminis- f
tration of the crop and of maximum I
prices and the return to the system t
of commercial demand and supply as s
a panacea to insure the necessary d
supply for human consumption. o
Urbanites, on the contrary, main- fi
tain that unless the government per- v
sists in its determination to seize all P
potatoes the profitable pig and steer h
will get most of them, because in no *
year during the war has there been f'
such an Incentive to use potatoes for
fodder as in this year of the very un- t;
favorable fodder harvest and humans d
would get potatoes only at prices im- c
nncaihlp for thp nnor i'
Vorwaerts demands an immediate t'
increase in the potato ration to ten s
pounds weekly at a reduction in the h
price and declares that it is impos- t<
sible to work and sustain life on the a
proposed ration of 5 1-2 pounds of ti
potatoes, 1,050 grams of bread, 250 a
grams of meat and SO grams of fat. a
Vorwaerts points out that this year v
the scanty harvest of oats and bar- ii
ley will not permit a supplementary tl
ration of oat meal and grits by which t
alone the people tided over last
spring. t<
o
Costa Rica has severed relations f<
with Germany as a result of German fi
conspiracy against the republic. c
LEARN VALCfe OF COTTON f
enator Banks Gives Farmers Some ?
Timely Advice. j f
???? a
Columbia, Sept. 16.?President '
, A. Banks, of the State Warehouse
ommission, who Js State Senator,
om Calhoun County, has Issued the
>llowing appeal to the farmers of
outh Carolina and of the South, ur-, I
Ing that they inform themselves as!
) the real value of their cotton that
ley may for the first time realize an
dequate return for the labor ex- i
ended in producing a cotton Crop: <
"On Sept. 9 the Department of (
.griculture of the government at '
Washington issued a statement on t
n cotton, in which appeared some <
igniflcant facts which should be kept 1
l mind by cotton growers at this
me when there appears so strong a *
lovement to depress values. Mr. 1
nsley, the assistant secretary of ^
griculture, in this statement says: 1
"Last year American takings were <
.491,086, and last years exports 5,47,165,
making a total of 13,438,50
bales, or 939,250 more than the
3tlmated crop of this year, and there
i no apparent reason for a decline in
merican takings or exports.
" 'An increase in exports is expectI
with any improvement in shipping
icilities.
" 'It circumstances should cause a
ecrease in exports there is likely to
e a corresponding increase of Amerlin
manufactures, because the world
lust have clothing and its stocks
ere never so low as at present.
'From these facts it would apear
that a crop of 12,500,000 or
ren 13,000,000 bales this year will
ot exceed the world's eager deland,
unless some unforeseen calamy
should befall.'
"Referring to the attitude of finanlers,
Mr. Anslej' makes this statelent
pregnant with meaning to cotin
producers:
" 'They do not visualize cotton in
ry goods now selling upon a basis
f thirty to forty cents,' meaning,
f course, that cotton is worth thirty
) forty cents per pound based upon
tie market value of its finished prouct.
"When flour is selling around $6
er barrel the wheat growers may
onfidently expect $1 per bushel for
is wheat; when flour reaches $12
er barrel he gets around $2 per bubel
for his wheat. To find the vale
of cotton seed, note the market
alue of oil, meal, linters and hulls.
tvA?"""" 4h'? Kaa<" you J'
[iay know what you "Will get for yourj'
eed before the end of the end of the 1
rushing season, for the supply of
otton seed has not yet approached
he demand for its finished products,
'or the first time in cotton history
he supply is not equal to the demand.
Ihut both eyes and ears to the artul
jugglery of figures by cotton gamblers;
hear what the American Govrnment
through one of its great deartments
says to the sweating thouands
who labor to provide clothing
nd food (yes, food, for where fs a
oore important article of food than
otton seed?) for the Allied nations
ti stress of war. Cotton is worth
hirty to forty cents per pound based)
pon the market price of its finished
roducts, and there is an apparent deaand
for approximately one million
ales more than the present year's esimated
production.
"The importance of such a statelent
from such a source could hardy
be exaggerated, and should give
onfldence to cotton growers who
re threatened with stampede by inerests
who hold only a scare-crow
n their hands, which wears a false
ace of figures to conceal its real
haracter. For the first time cotton
las reached the plane of other raw
uaterial where its value may be reckned
on a basis of the value of its finshed
product, and the value of its
inished product may be ascertained
iy any one who will take the trouble
o weigh a bolt of common brown
heeting, see its value in pounds, de-J
luct twelve cents per pound for cost
f manufacture, an additional two to
ive cents per pound for profit, which
rould mean $10 to $25 per 500iound
bale, and the remainder would
Ddicate the value of raw cotton,
rhich is at the present time over
orty cents per pound.
"If the safety of our country in
ime of war demanded, I have no
oubt that growers of cotton would
heerfully make whatever sacrifice
; price was reasonable, but neither
he government nor the public conume
raw cotton; both are paying uneard
of prices for manufactured cot- 1
>n. The government, the public
nd the cotton producer are paying
ribute to the manufacturers todoy '
t a rate before unknown and unlmgined.
If these are not facts, I in- :
fte the 'Cotton Spinners' Association'
t New England, which recently 1
lirough their representative in the i
o trolncf tlm i
iiiir-u gidliro yi uivoitu ?'??*v?*v
xport of cotton to neutral countries, i
i show wherein they are false.
"I have no fear that the better inarmed
will fall Into the trap so arttlly
laid by sordid corporate inter- <
sts, and appeal to this class to in
orm the less informed on-the rt
alue of cotton that they may'for tl
Irst time realize an adequate retui
or the labor expended in producii
, cotton crop. J. A. Banks,
'President State Warehouse Associ
tion."
A MILLIONAIRE SOLDIER.
Col. Cornelius Vanderbilt is Station
At Spartanburg.
Sunday afternoon some newspap
nen came across an officer seated
i fly tent in the edge of a cotton fle
>n the west side of Camp Wadswort
There was no floor in the tent, ai
he furnishings consisted of two can
:hairs. Just those two camp chah
Nothing more.
The officer looked up pleasant
ind greeted his visitors with a ami:
Hie was a rather tall, slender ma
vith a neatly trimmed Vandy
)eard and a mop of black hair i
ilined to be curly. He had clear.bl
;yes and a rudy skin which proclaii
;d plain and sane living.
The officer was Colonel Cornell
Vanderbilt, commanding the Twenl
second regiment of engineers, a m
ionalre a good many times over
)ne of the wealthiest men in t
country and by odds the wealthi<
nan in the United States army todi
rhere was nothing to indicate weal
)r luxury in his surroundings, but
seemed to be contented; and, in fa
aappy.
Colonel Vanderbilt has been in t
habit of riding around over the cou
try in a private car, and if he h
been in any particular hurry he b
3imply ordered out a special tra:
for he is a railroad magnate. ]
awns railroad stocks and bonds
the bale, and he owns more than o
sntire system outright. But he cai
to Spartanburg from New York on
troop train, which made consideral
less than 20 miles an hour, and
lid not have any special or extra i
commodations. And he said he ?
joyed the trip.
Colonel Vanderbilt has always be
fond of outdoor life, and the Natlc
al Guard appealed to him on that i
count. He liked the spirit of it, a
after he got started into it he so
won promotion. It wa3 lansgja
pastime with him, at first,
gave a good deal of time ana|^H
co me worK ana ne Decame a "ti
efficient military man, just as he
efficient at everything else to whi
he gives attention. That he is qu
[fled for the position he-holdjlgc
without saying,
fully capable he would not be C;0*0
^ the crack regiment of engine 61"8
the arm>, ?n -?*. wealth.
The position of colonel of a re
ment is a biggish position, as pc
tions go, but it Is by no means 1
biggest position in an army divisi
And Colonel Vanderbilt receives a
obeys orders just as he gives the
He is every bit a soldier, and I
first duty of a soldier is obedien
If his superior officer should tell h
Charter No. 9342
Report of
First National
at Cheraw, in the State of Sout]
Septembi
RES
Loans and discounts
Notes and bills rediscounted
Overdrafts
U. S. Bonds deposited to secure <
Liberty Loan Bonds unpledged
Stock, other than Federal Resen
Stock of Federal Reserve Bank
Furniture and fixtures
Real estate owned other than ba
Lawful reserve with Fereral Rese
Cash in vault and net amounts dt
Checks on other banks in the sami
bank
Redemption fund with U. S. Trea
Treasurer
TOTAL
lia:
Capital stock paid in
Surplus fund
Undivided profits
Less current expenses, interest
Amount reserved for taxes accrue
Circulating notes outstanding ? l.
Net amount due to National banks
Net amounts due to banks and ban
Individual deposits subject to chec!
Cashier's checks outstanding
Dividends unpaid
Total demand deposits subject
Certificates of deposit (other than
Other time deposits
Total of time deposits subject
TOTAL
Liabilities for rediscounts, includii
serve ? ? ? ? ? ? Total
contingent liabilities ? ?
. r r* iL /~i i: _ ~ /%(
siaie 01 r?uuiu umunua, v^uumy ui
I, S. 0. Godfrey, Cashier of the
that the above statement Is true t
Subscribed.and sworn to before
Correct?Attest:
Thos. M. Knight, Edward Mclv
1 I
al to take a walk of 200 miles and come
ie ^ack and make a report on the
m typography of the country, he would
is I ftlute and start on the job. It Is his s
1 ray.
ft- And the men of his regiment are I
(levoted to him and they are proud
<if him. As a corporal remarked yesterday
afternoon, as he stopped for a 1
breathing spell while grubbing a d
ed Stump. "Somebody has to have d
health, and I had as soon Colonel 1
S'anderbilt would have it as any man 1
know. He has the quality that c
ught to go with money, and that Is t
jore than can be said for some, ]
ealthy people."?Spartanburg Her- l
ad aid. t
ap j c
rs. ! The Chronicle is $1.50 per year, 8
;ly Bank No. 75. j
le. Statement of the Condition of the j
-.?.o cl niDinrne RAVK
A 3 OL f XJLiIlilAAJAtk; ?
ke located at Cheraw, S. C., at the close
n- of business Sept. 11th, 1917.
ue RESOURCES:
tn- l^oans and Discounts . .$304,040.97
Overdrafts 4,945.00
as Bonds and Stocks owned
Ij- by the Bank 12,647.64
11- Furniture and Fixtures . 3,811.28
?j Banking House 21,031.16
he Other Real Estate owned 20,413.16
?t Due from Banks and
ly. Bankers 36,702.47
th Currency 3,396.00
he Silver and Other Minor
ct. Coin " 736.06
Checks and Cash Items . 226.31
he
in-' Total $407,950.05
as ???
ias LIABILITIES:
In, Capital Stock Paid in . .$100,000.00
He Surplus Fund 4,000.00
by Undivided Profits, less
ne Current Expenses and
ne Taxes Paid 1,946.63
t a Due to Banks and Banker
ers 1,186.44 .
he Dividends Unpaid .... 25.00 '
lc" Individual Deposits subject
to Check 143,671.58
Cashier's Checks .... 3,396.39 (
n Notes and Bills Redis- ^
>n" ..counted 98,724.01 |
^ BlXfl Payable, including i
Certificates fbr Money <
Borrowed 55,000.00 <
$407,950.03 !
^Ktate of South Carolina,
is* County of Chesterfield, ss: '
Before me came J. H. Wannamaker <
ai-1 Cashier of the above named bank,
jgji who^eing duly sworn, says that the
neal trutrtonditlon of said bank, as shown |
oil by the books of said bank.
I J. H. WANNAMAKER,
!giJ Sworn to and subscribed before me
this 18th day of September, 1917.
[Hfc-? J. L. CRAIG,
Notary Public.
i^Bjorrect Attest:
J. A. Watson,
dV M. W. Duvall,
eel I H. M. Duvall,
in Directors.
Reserve District No. 5.
th > Condition of
ISank of Cheraw
h Carolina, at the close of business on
er 11th, 1917.
30 JRCES:
$162,905.02
42,356.50
$120,148.52
... 2,893.08
:ir:ulation (par value) 50,000.00
_ 1,550.00
re stock 1,000.00
(5)% of subscription) 1,700.00
2,510.44
nking house 6,231.88
rv3 Bank 6,437.19
ie!from national banks 29,989.21
e dity or town as reporting
_J 1.998.65
.surer and due from U. S.
. i .2,500.00
i
_ | $227,358.97
BtLITIES:
-L $ 50,000.00
? 7,000.00
-i $3,191.14
and taxes paid, 1,226.46 1,964.70
id- 17.16
- i 50,000.00
i 1 17,379.40
kers 1,804.49
k 96,567.55
. 87.67
8.00
to Reserve, $96,663.22
i for money borrowed) 1,030.00
1,500.00
to Reserve, $2,530.00
-j $227,358.97
ig those with Federal Re
$ 42,356.50
j $ 42,356.50
' Chesterfield, ss:
> above-named bank, do solemnly swear
o the best of my knowledge and belief.
j ^ S. G. GODFREY, Cashier,
me this 17th day of September, 1917.
H. A. McLEOD, Notary Public.
er, Geo. M .Walters, Directors.
, i
|
FOR BENT.
A nice eight room house on Thlr
treet. Apply to Mrs. T. F. Mallo;
fOTICE of SALE of REAL ESTAT
We, the undersigned sole heirs a
aw and distributees of Lewis Galne;
leceased, and Henrietta K. Galne;
leceased, will offer for sale to tl
lighest bidder for cash, before tl
Town Hall In Cheraw, Chesterflel
:ounty, South Carolina, on Saturds
he 6th day of October, 1917, !
L2 o'clock noon of said day, the fo
owing described real estate situate i
he town of Cheraw, Chesterfle
:ounty, South Carolina, and describe
is follows:
(1.) All that certain lot, ai
louse situate thereon, known as tl
l.ewis Gainey place, fronting on H
?er street, and bounded north by I
our (old map known as lot 205!
sast by Huger street; south by righ
>f-way of S. A. L. Railway; west 1
ot of Mrs. Henrietta Gainey, decea
id.
(2) All that certain vacant lc
cnown as the Mrs. H. K. Gainey lo
jounded n^th by lot four (old m?
mown as lot 205"); east by lot
Lewis Gainey, deceased, above me
ioned; south by right-of-way of
\. L. Railway, and west by lot
Millie Wilson.
The above described premises b
nc nil nf the real aetata nf T.aw
3ainey, deceased, and Mrs. Henriet
FC. Gainey, deceased, situate In tl
:own, county and State aforesaid, ai
:he undersigned agree to make go<
ind sufficient title to the purchaser
purchasers thereof at the sale
same.
MRS. ETTA KIRKLEY
MRS. MAUD KIRKLE1
MRS. LAURA HILL,
J. T. GAINEY.
rEACHERS' EXAMINATION OCT.
The regular fall teachers' exaraln
tion for white and colored teache
trill be held October 6, at 9 o'clock
:he Court House at Chesterfield. A
ipplicants that desire to take tl
examination must be at least 18 yea
)t age and of good moral characte
J. ARTHUR KNIGHT,
it Co. Supt. of Educatio
J. C. Patricl
All Are Welcome at
7he Busy Bee Cornei
CHERAW, S. C.
First Class Fresh
Meats
CALL PHONE 190
CRANFORD'S GROCER
Nothing but the very best in Me
and Groceries.
For Sale by
M. W. DUVALL, Cheraw, S. C.
LADD'S DRUG STORE, Cheraw, S.
and All Good Dealers.
DR. W. H. FOWLER
Veterinary Surgeon
CHERAW, S. C.
All calls answered promptly.
Leave calls at Cheraw Drug Co.
Wood's Seed
Rosen Rye
The most vigorous grow
ing and productive of Seet
Ryes. Stools out better, su
perior quality of grain, ant
destined, in our opinion, t<
take the place of all othei
Rye.
Wood's Fall Catalog
Gives full description and informa
tion, and also tells about the best
SEED WHEAT, OATS,
RYE, and Other Seeds
for Fall Sowing
Write for Catalog and prices ol
any Seeds required.
T. W. WOOD & SONS,
SEEDSMEN, - Richmond, Va.
_
T. E.
; WANNMKER
8 SONS
Id
iy
at
5 Druggists
id
id
le We Buy Our
J- Drugs,
'I Chemicals
>t, and all
Z Medicinal
Articles
e- only from manufacturers of
well known reliability.
tie
id
^ Come to us when you want anything
in the drug line. Our long experience
is at your service in suggesting remedies
for ordinary ailments. The
druggist these days have largely taken
the place of the family remedies
recommended by the grandmothers.
6
Keep account of your business. We
a" have a full line of
i BLANK BOOKS
ill * ^
.,g for Farmer, Merchant, Manufacturer
or the salaried man.
rs
ir. _
n- We have the best quality. *
T PAINTS
i wc can find. Can sell you a small
can to touch up a chair or to paint
your Dwelling, Store or Factory.
1 ~m
I "
If you have never taken
"LIVER TONIC"
P ask your neighbor about it?we recommend
it as one of the BEST MEDICINES
we make. Price 25c and 50c.
i
_ COMPOUND
SYRUP OF TAR
will relieve more kinds of Coughs
Ythan any other Cough Remedy we
know. . Price 25c and 50c.
ats
We are agents for
c
~ CANDIES
A
J We are agents for
| EASTMAN
| KODAKS and SUPPLIES
We are agents for
WATERMAN'S
_ IDEAL FOUNTAIN PENS
s and we guarantee them
We are the local depository for
SCHOOL BOOKS
j and carry a full line of School Supplies,
also FINE STATIONERY,
j PAPER, INK, etc., etc.
|
I WANNAMAKER
i ftSBB
DRUGGISTS
JCHERAW, - - - S.C.
i