Cheraw chronicle. (Cheraw, S.C.) 1896-2005, August 11, 1921, Image 5
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Sale
We are now get
spend a few dollars f
ton's Cask Store for
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Agricultural Credits. ii
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In reply to a letter from Senator v
named five kindsnw-eecfafifetaoinnu 1
11
Capper, Secretary Hoover recently v
named five kinds of cred t needed by f11
the agricultural industry. Of these, *
beyond the farmers' own capital, all ^
are he says, "partially covered by.
present credit machinery and some ai
of them fnllv." The five kinds named.c<
? are:
Loans up to six months for either 01
production or marketing annual pro- t?
duce, ,1*
Loans between six months and ?'
twelve for the purposes,
Loans from one to three years for
producing and marketing of cattle. iw>
Loans from one to three years for
farm equipment. .
' Long term loans for purchase and C1
improvement \
Of these the first and, in normal 01
times, even the second, are partially 0'
or fairly well, covered by the present
banking system, though, as Mr. Hoo ai
vAr nnfntu nnt the ''Federal Reserve ^
system being a mobilization of the a
demand deposits of the country, they
cannot be called upon for loans of 81
over six months on agricultural paper
without jeopardizing the whole w
# commercial banking structure." The w
deposits of banks must be readily iv
. available for payment at any time P(
and one of the peculiar conditions as tc
to agricultural loans is that the ere- Cl
dit demand is largely seasonal, com- P1
ing in bulk at about the same date. c(
^^^B^is chiefly then a seasonal demand s
sfn-l even six months is a longer pe- ai
riod than is warranted as a practice, cl
'??*? AArn mA**nia 1 Konlra 61
UJ vumtuci VM?I i/nuao.
These, also, are Jprgely what are P1
in fact consumptive credits. They are a'
such as show lack of available capi- m
tal or the use of such in some form ai
of farm investment. They should be E
restricted as far as possible as bank. I
ing credits. Yet this need has never j
been acute beyond the ability of the I
present banking system to fairly well: v
- - " * ? ?? ??J i 1
meet ll ia wen ueveiupeu ttitu yiuo- .>
perous farming sections until this
year with its emergency conditions.
It is never possible to meet it through
banking channels in the newer settled
regions. h
The last named type of credit is J.
now sufficiently covered by the land s
loan bank system. This leaves but t
the third and fourth unprovided for t
save lay emergency (provisions and e
I they are both credits for production.
These are loans for buying, or in. g
vestment in personality which is rea. e
sonably certain to pay back the loan j
with a profit. Cattle, farm machine. G
ry. cows, pigs, explosives for clear- a
inor land fertilizers and the like wil' *
of themselves, not alone pay their ^
cost In added production or price, j,
but they will thereafter have a con- j
tknuing, or remaining value (which r
becomes an asset, or cipital. j,
It Is such credits, those for which (
no adequate provision is now made,! j
that cover the whole field of in-1 u
creased agricultural production. They!
are all subject to security through
insurance. With such collateral, they! r
become among the very safest of ^
loans. It is this type of credits, se-j }
cured in this way, for which the McFadden-Kenyon
bill provides. It
makes this the most important agri ^
cultural measure before the present
Congress and one whose passage will
be of the utmost value to agricul
ture.
There is another result of this
nleasure 'which Will be helpful ,to
commercial banking. Those familiar
with ordinary farm management and
the average farmer who is slovent
and good credit, recognize a general
weakness in the usual agricultural
financial process. When farmers sell
. their products and have cash in
hand, instead of saving enough to
carry them through to the next crop
year, they have a habit of using too
much of it to buy something needed
on the farm. They do not indulge
! Su
This Sal
ting in fall and vvint
lave some merchant!
this sale and the prii
Rememl
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HOR
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n luxiries, but in productive needs
r what they feel to be needs. They
.fill buy a machine of some kind.'catle,
hogs, or other livestock, sonietiing
by which they, may increase
lcome. Frequently they do this
'hile renewing notes at bank, of
anking credits are seeking a maret.
They do it to an extent which
ssures a demand for credits for
ynsumptive needs.
If this new credit system was in
Deration with a low interest rate,
Lrmers would use it for such pur- <
uses. They would pay their debts
I all kind3 from their crop returns; ^
ley would borrow from production i
irough their local commune; they?
ould keep cash in hand, especiall ,
i these more thrifty financial hab- 5
9 would establish them as a sound <
edit risk with their local commune, j
anks would be relieved of any ex. (
issive seasonal demand for farm j
edits, quite uniformly over long,
me or known as subject to renewal
id so always an unsafe factor of
immercial banking when reaching
material volume.
In every way this measure would
ipply the need outlined in these
ve forms of agricultural credit. It
ould close the gap now almost
holly vacant, for supplying product-!
e credits, the most pressing and lm-'
irtant in farm development, both usj
i the pioneer settlers without fixed,
edit, and the established, fairly,
rosperous farmer. It would relieve \
>mmercial banks of overdemand for J
uch accomodation; assure against;
ly possible excess of frozen agri.
lltural credit; clean up farm debts;
id purchases on partial. payment at
rices to match the risk, and put
jriculture on a safe, sound developlent
basis free from all paternalism
id official, or political, meddling.?
ditorial, Washington Herald.
o *Now
is the time to buy Nitrate Soda
or 1922 deliveries. Cheaper than
rhen cotton was 8 cents. See Thos.
I. Knight.
WOMEN GIVE Ol'T
Housework is hard enough when
icalthy. Every Cheraw woman who
s having backache, blue and nervous
pells, dizzy headaches and kidney or
ladder troubles, should be glad to
leed this Cheraw woman's experince.
Mrs. J. W. Eskridge, High street,
,rave the following account of her
experience with Doan's Kidney Pills
December 9, 1914: I had an awful lot
f trouble with my back and kidneys
ind felt tired and weak all the time,
ly head ached and when I stooped
lizziness came over me. I could
lardly walk, either, on this account.
had many other symptoms of kid.
ley trouble. When I heard of Doan's
vidney Pills, I got a supply at the
'heraw Drug Co., and they soon re.
ieved me of all the trouble. Doan's
.re a wonderful kidney remedy."
On February 1, 1918, Mrs. Eskridge
idded: "I gladly confirm the statenent
1 gave in 1914 and I still have
he same opinion of Doan's Kidney
'ills. I praise tlicai wncrcver i nave
in opportunity"
60e, at all dealers. Foster-Milburn
Jo.. Mfgrs., Buffalo, X. Y. no.2
o
U. S. MAIL LINE
Largest and Fastest American-Flag Ships
"Anariea" July 23?Aug. 24?Sept. 28
"Geerge Washington" July 30?Aug. 27-Sept24
High Standard Service
in Second and Third-Clasa
U. S. Mail Linen have standardized aervicefcr all
daaart of travelers?and that standard is high. "Hie
America, for inaUnce, cariics 1.400 id-clan pasaengersin
cabins containing twoor four berthsunly.
(2.700 3d-daaa pasaehgrrn n all 1 For further I
information ace nearcat steamship agent or write
U. S. MAIL STEAMSHIP CO.
45 Broadway, N. Y. 1
j[hy. Operating U. S. Shipping Board Ship)_^lfj
l'lllll^tnnTTrmTmTmi^!!.wTnnTrTnTTn!TltTTllllil
1.50 gets The Chronicle one year.
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t
mme
e Starts Saturday, I
er goods daily and'nt
lise mighty cheap. ^
ces and the goods wil
her the Date. Star
m x n
i ursi
c
Next ]
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ATTENTION HUNTERS.
I
"On account of the Hunting Licenses
for this season having been printed
before the Acts of 1921 came from (
the hands of the printers, it was sta- '
ted on the back of the licenses that
the season for squirrels, raccons,
Rabbits and Oppssums would open
October 1st and .close after 'March
15th." "
I
"The 1921 Legislature, however,
passed the following Act, from which
it will be seen that Squirrels, Rac- ^
cons, Dab bits and Opossums iiiay
be hunted from SEPTEMBER FIRST
TO MARCH FIRST."
"Act No. 167, Acts of 1921:
Section 1. Be it enacted by the Geaeral
Assembly of the State of South (
Carolina: The close season for hunting
Squirrels, - Raccons, Rabbits and
Opossums in this State shall be from
March 1st. to September 1st of each
fear."
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The next time
you buy calomel
ask for
@'s .1!
l!
The purified and refined
calomel tablets that are j J
nausealess, safe and sure. *
1 i
Medicinal virtues retain- ; |
ed and improved. Sold
only in sealed packages. 1
Price 35c. I (
i !
0OY, THIS
" CfcKT'MNLY A 1*1
TftE.Y'9 Srto O-MOUEKE Po*ER
WAiJUNG AWAY L :
WlTH lT ' "
Every Oiince of
So does other work such a
ing. But you can't get the
rti 111o .lncl hnri wo niilucc
All Ul^o UilU liuivJVj iiiuv uj iuv;
What is it worth to you to 1
. in the "pink" of condition. 1
their eyes bright and they'J
erect and firm. You get th
power you need for heavy w
Thousands of team site
farmers every where have foi
Purina O-Molene feed actua
horses in just such condi'
scribed to haul lieavier load,
costs no more to feed.
Call up today and lear
about this specially prep-art
Lots.of people you know m
O-Molene feed.
M. W. E
Distrib
. V -CHERAM
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August, the 13th, i
:ed the room and the
ilVe are not going to
1 talk to you.
ts, August, the 131
Yours for Happy
s c A f
Door to Bank of CI
HERAW, S. (
Charlotte, N. C. Aug. 10.?A num- <
ber of Carolina bands already have,
?iven the Made In Carolinas exposi-;
tlon officials notice that they probab I
y will enter the competition for the i
J500 in cash prizes offered to bands
>f these states competing in concerts p
luriug the final four days of the ex- j
lositin, which will be held here Sept. g
2 to 29. Included in this number s
re the Asheville band, the Daleigh (j
first Regimetn band, the Elk's band u
A* TTl _L ?1. 1La
L nign r'oiUL, me muureaviiie utuiu, x
tie Steel Creek band, of near Charitte
Boy Scouts Band. qi
tl
y(i|fVfKnFi#CCl w
| A Tonic S ?
X For Women 6;;
aJ "I was hardly able to drag, I M ti
m was so weakened," writes Mrs. |L C<
J W. F. Ray, of Easley, S. C. B cc
rj "The doctortreated me for about P
M two months, still 1 didn't get W
AJ any better. I had a large fam- m p
U| ily and felt 1 surely must do |L t<
X) something to enable me to take B M
, J care of my little ones. I had
J heard of r?
fCARDUl
m The Woman's Tonic ft
jfl "I decided to try it," con- S
tlnues Mrs. Ray ... "I took r*
M eight bottles in all... I re- M
M gained my strength and have |p
ui had no more trouble with wo- |L
Xj manly weakness. I have ten S
j children and am able to do all F
^ my housework and a lot out- P|
^1 doors ... I can sure r:com- p
M mend Cardui." M
Take Cardui today. It may ?
m be just what yod need. M
M At all druggists. M
Power Needed
is heavy hauling or plowmost
work from your
are fed right.
lave your horses or mules
"heirskins will be glossy,
II stand
10 extra ^
tz
in J that
!ly puts CbTpuRINAXJL
romoleno
I?iHORSEsZ%
11 more 9 t
d feed. CflgCaMt1
re using )m~ IL
r jfcp?*r
)uvall,
utor
r, s. c.
f '
ean
9
ind Stops August,
; money. Yes, we ai
try to quote you pri<
/
:h, Stops August, t
Days,
>H ST
ieraw
3tate of South Carolina, jtl
County of Chesterfield. a
Court of Common Pleas. |c
Javid J. Braboy and Thomas Braboy, S
Plaintiffs,
VS li
lenry Brayboy, Anna Jefferson, Mary n:
Irayboy, or by whatever name the J _
aid Mary Brayboy may be known and
amuel Brayboy or any child or chilren
or heir at law of the said Samel
Brayboy* if he be dead, defendants,
o the defendants above named:
You are hereby summoned and routed
to answer the complaint in
lis action, of which a copy is here1th
served upon you, and to serve
copy of your answer to the said
unplaint on the subscriber at his
fflce in Cheraw, S. C., within twenty
iy3 after the service hereof, excluve
of the day of such service; up
you fail to answer the complaint
Ifhin thp limp nfnrMnIrt thf> nlain
ffs in this action will Ripply to the
ourt for the relief demanded in the
>mplaint.
B. F. PEGUES,
Plaintiffs' Attorney,
ated June 2f>th, 1920.
o the defendants: Anna Jefferson,
ary Brayboy or by whatever name
r
The new sugar c<
chewing gum
which everybody
likes?you will.
"THE MONEY YOU DON'
" Cypress Averts Ri
You don't like repair bi
you have a job of new b
a "once-and-for-all" job
*
Insist on "Tide Water"
Cypress?you can identify
it by this mark. A
"Cypres*
The true "Wood Etern
GET IT. Identify first-i
insisting if necessary?f<
Write us for list of FREE PL A
and no substitutes" from your
SOUTHERN CYPRI
242 G
YOUR LOCAL DEALER WILL SUPt
A
1
i
the 2Cth.
re going to let som<
' %
res in this paper, bi
? A. /"\ . ?
he 2Uth.
I
ORE
m
be said Mary Brayboy may be knowi
nd Samuel Braboy or any child oi
hildren or heir at law of the sale
amuel Brayboy, if he be dead:
Take Notice: That the Complaini
1 this action, together with the sum
ions, of which the foregoing i3 s
Wood a
It will pay you
I can save you i
See me before :
Wholeasle price
on both Coal and
BOinHBMi
J DO DRAYING A
ALL '
A. D. C
4
hwfflpcppcrmii
that will aid !
'Sf tion, polish yoi
f your throat.
THE FLAW
T HAVE TO SPElfD ON EE PA
epair Bills?Lasts Prac
ills, do you? Neither does ?
- -1 J:
UllUlIlg U1 auic-cuuugu uiuo
of it by using
^n?ii
ZYPRESS
"THE WOOD ETERNAL"
i Lasts Practically Fo
al" is your "one best bet.
class lumber by the above tn
3r your complete quality-assi
lNS for farm buildings?but in the meant
local lumber dealer?no matter for what
lSS MANUFACTURER!
ralmm Building Jacksonville, Fin.
'LY YOU. IF HE HASN'T ENOUGH CYPl
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mmk
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Sale!
o
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" * ?
s people whd want to
ut you come to Hor*
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1 copy, was filed in the office of the
r Clerk of Court of Common Pleas, and
1 General Sessions for the County ot .
Chesterfield, State of South Carolina,
t on July 27th, 1921.
-j B. F. PEGUES,
i Plaintiffs' Attorney.
I . - .
ind Coal
''
to bdy now.
money. ;
you buy.
s on carload lota.
Wood. V
** - ^ *
KD HAULING AT
riMES
BSMfKBKHttflHHMMI
. ' * ;K \ - V y
hapman
.
S?
"AFTER
EVERY
MEAL"
FOR 5^
gjjf%
iJgS^
A delicious peppermint
>red sugar Jacket around
fit Tiavorea cnewin* flum
your appetite and dieesjr
teeth and jnoisteo
B122
DRLASTS
//?S /S /ILL PROFIT
tically Forever."
inyone else, so, when
t-be" repairing, make
Insist on "Tide Water"
Cypres*?you can idea- .
tify it by this mark.
rever."
" SEE THAT, YOU
ade mark. (Do a little
urance.)
imc insist on "CYPRESS
purpose you buy. Address
5' ASSOCIATION
iESS LET US KNOW AT ONCJC.