The Camden chronicle. (Camden, S.C.) 1888-1981, March 06, 1925, Image 6
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fortfw OLIVER
TRADE MARK
Khitim* Hros., Camden, S. Oil Ilo'thuJofinMon. M(BfC? S. C.J Lorick \ Low
at* Hd v,. (?M liethune, S. t\; K. Ii.rnnct\ Inc., Columbia, H, G, (l)iHtbrH.)
KARUCH MAKKS OFFKK.
Would I.oan Money To> Farmern of
Lower Carol inn.
Spartanburg J^b. 28. -(By the
Associate*! Press.)- Plans for the fi
nancial rehabilitation of the boll
\yeevil stricken suctions of South
Carolina through aid offered by Ilar
nard M. Baruch, noted New York
financier and a native South Caro
linian, are outlined in a copyrighted
story from Georgetown, which the
Spartanburg Herald will publish to
morrow morning.
The plan involves the creation of
.1 fund of from $11,000,000 to $1,000,
000 t>_? be used for restoring the work
ing capital of weak banks, and Mr.
Haruch, the Herald story says, has'
offered to furnish half the sum need
ed provided the hanks of fcouth Caro
lina will furnish the other half.
It !.'? revealed in this dispatch that
the bill introduced by Senator Spivey,
of Merry. and already panned by the
-eriate, to provide fur thy incorpora
tion f the South (Carolina Agricul
tural L.ian Kund, is intended to pave
the way for the Baruch enterprise of
financial.assistance. The Horry sen
ator, who is a banker, drew up thi~.
hill at the lequest of, the executive
<ouncil "f the State Bankers' Associa
tion, the Herald story say.>.
Th? t!i> p:?t h will In- publi.h?>l i
followv .
"Ke!i? <"?> <>'.v unn y l;aiil*.~> who-"'
< apital h::. ? bp. .r.? impaired because
of frozen ! ans made to farmers iii
boll we?v;l infected sections, and
through * hc?e banks to a large pro
portion ef the population directly-and
to "tin ? utile state indirectly is em
bodied i.tt an offi i uf aid by Bernard
M. Haruch, ,i native South Carolina*,
a noted New York financier and
multi-millionaire,, and ;i personal
friend t?f Wood row Wilson during th*?
life of the war-time president.
"For Mr. Baruch has proposed to
Governor Thomas G. McLeod that
| a fund of from $.'*,000,000 to $ 1,000,?
000 he established for restoring the
| working capital of all the banks in
the lower part of the state that are
| unable to finance their customers be
j cause of an excess of frozen loans,
lie has offered to furnish half the
money required provided South Caro
lina bankers join with him in sub-1
scribing the other half, and he has!
attached few reservations to the j
terms of his proposal.
"This information was confirmed j
when Mr. Baruch told the Herald cor- i
respondent in an interview given at j
his South Carolina estate, 'Barony
Iloboaw' on Winyah Bay near
Georgetown that he made such an
offer in December to the governor.
"He refused to be quoted on his
plans .for executing the details of
the idea, as he indicated that lje had
imposed few conditions to his offer
and that he desired the state officials
and bankers of South Carolina to
work out the proposition along inde
pf ndi fit lines.
"!{<? declared, however, that the
amount of money obtained must be
sufficient to relieve every bank in
the lower section of the state that is
suffering from unfortunate condi
! t.i-ns and from no fault of their of
j fic 'als before lie will consent to fur
j nish aid. He asked the governor
1 added, to determine exactly how
t ir.uch i-> needed and then to inv;te
i hankers in .such cities as Charleston,
j Spartanburg, Columbia, Greenville,
Anderson. :.nd other points to join
j in raising half the amount decided
, on. This done, Mr. Baruch continued,
I bn will match th<=? money Subscribed,
| dollar for dollar. But if any effort
! is made to float the proposition with
? a lt*ss amount of money than is
necessary to adequately provide for
all, then he will refuse to join in the
plan; he said.
"Mr. Baruch mentioned one other
condition to his offer. This, he said,
is that tKe banks which receive por
tions of the proposed fund must re
lend to farmers at the same rate of
interest that they themselves obtain
the money.
"He said that while he had made
this offer in December, he has not
yet been informed of its acceptance
by the bankers of the state. He
indicated that he fears some of them
are unwilling to co-operate in a plan j
which appears to offer prospects of J
saving thousands of farmers from
juin and the entire state from a loss
of credit, and he declared that ii; of
fering to furnish half the money re
quired for financing; them, he does j
not expect to lose one dollar and does j
not expect the bankers who join him j
to lose a dollar.
"Mr. BaVuch expressed the opinion '
that within three years, the bank-,,
aided in accordance with his sugges
tion. wou'd be able to return the
money loaned them that the entire
low country, now verging on bank
ruptcy, w ill once mflre be prosper- '
ous and on the road to wealth.
"It is nothing but enlightened sel
fishness,* he declared, 4f??r those sec-1
tions of the state-which are now pros
perous to" help the low country. At
present, the troubles of the low-coun
try arc affecting the credit of the
whole state and unless a change for
the better takes place, this condition
will be aggravated to the serious det
limcnt of all. There is no risk in
volved in this proposal to any of the
bankers who participate and by join
ing in it, they will render a very great
service to the state and to them
selves.'
"In discussing his plan, Mr. Baruc.'i
said that his underlying idea is for.
South Carolina to work out its own
problem rather than to seek aid from
outsider*. He himself is a South
Carolinian with many friends in the
state, although he lives in New York,
he pointed out, and the success of
the idea will mean that South Caro
lina can take care of its affairs by
the united efforts of South Carolin
ians.
"The executive council of the State
Bankers' Association met in Colum
bia on February 5 to consider the
1'aruch proposal, it was learned from
rccords of the meeting. The execu
tive council endorsed a plan for or
ganizing a South Carolina Agricul
tural Loan Fund, tu be capitalized
at $8,000,000, ami appointed to com
mittee consisting of one banker from
each district to perfect the organiza
tion.
"It wasj learned from members who
attended the meeting that while a
majority of the bankers present ex
pressed a willingness to co-operatu
in raising the fund a few from the
upper section of the Htate indicated
that they would not join. Neverthe
less, in the hope that enough who are
able to furnish capital can be per
suaded to co-operate, plans for a bill
to incorporate the loan fund and to
exempt it from all licenses and fees
were made.
"The committee of organization H
composed of the following: District
i 1, W. King McDowell, Charleston;
2, W. E. Prothro, Williston; 3, John
M. Kinard, Newberry; 4, John A.
Law, Spartanburg; 5, G. W. Wil
liams, Lancaster; 6, Senator D. A.
Spivey, Conway; 7, Alva M. Lump
kin, Columbia.
"In addition a special committee
consisting of Senator D. A. Spivey,
who is also president of the State
Bankers' Association, W. W. Brad
ley, state bank examiner and Alva
M. Lumpkin, of Columbia, was des
ignated to prepare a bill for intro
duction in the legislature and to
procure a charter.
"In accordance with the decision
made at the meeting, Senator Spivey
prepared a bill to incorporate the
loan fund and succeeded in passing
it through the Senate last Tuesday.
It is now in the hands of the House
ways and means committee and it
is expected that it can be passed be
fore the session of the legislature
ends. The fact that this bill is an
effort to accept the Baruch offer,
however, has not been a matter of
common knowledge among the mem
bers of the legislature.
"TJie bill provides lhat the secre
tary of state shall issue a charter t:>
a corporation to be known as the
South Carolina Agricultural Loan
Fund without fees or costs. The capi
tal stock under the terms of the bill
is fixed at maximum limit of $3,000,
000 although it was learned that an
official in the state bank examiner's
office is now working on data to de
termine exactly how much money will
Are You Satisfied With the Crops
You Have Been Making?
If NOT I1AVE VOl' CONSIDERED THE REASONS FOR YOUR FAILURE?
DID YOU USE THE BEST FERTILIZERS OR JUST THOSE YOU COULD BUY
CHEAPEST?
Farmers who used Congaree Fertilizers made
away above the average crop last year
THIS FERTILIZER IS SCIENTIFICALLY MADE OF THE VERY BEST MA
TERIALS AND WILL MAKE A CROP IF ANYTHING WILL. ASK ANY FAR
MEU WHO HAS USED IT. HAD YOU-NOT BETTER BUY IT THIS YEAR? WE
SELI. ALL GRADES OF CONGAREE FERTILIZERS AND WILL MAKE YOU
< "L( >XE PRICES.
SEE US
SPRINGS & SHANNON
(INCORPORATED)
be needed to relieve all the banks,
and on the basis of the present in
complete information, it is estimated
that nearer $4,000,000 than $3,000,000
will be necessary.
"The hill further stipulates that
the funds arising- *frem the eapital
.shall be loaned to the banks *rt a rate
of not more than five per cent; that
the banks shall endorse appli
cation for a loan and shall pledge as
Security, current crop and chattel
mortgages, and such additional secur
ity as may be accepted by the admin
istrative board of the corporation.
Another provision is that the funds
administered by the corporation shall
be used for no other purpose than the
actual production of crops." $
Business Must Have Been Dull
Edgefiold, March 2.?Yesterday af
tornoon near Trenton, one negro was
killed and another negro wounded.
seems that a burial society meeting
at a school house turned into a gen
cral riot. Charlie Mays is alleged to
have shot and killed Albert Gibbs
and wounded his brother, Mack Gibbs
Gibbs died soon after being shot
Mays and the wounded Gibbs have
both been landed in jail here. Liquor
is reported to be responsible for the
trouble.
FINAL DISCHARGE
Notice is hereby given that I have
this day made application to the
Probate Court of Kershaw county for
a final discharge as Guardian of tho
estates of my two children, Mr. Les
lie Provence Rabon and Miss Alice
Gertrude Rabon, they having attain^
ed their majority, and the 20th day
of March, 1925, has been appointed
by the Probate Court for the hear
ing of the said application.
MRS. FLORENCE RABON, ,
Guardian.
Camden, S. C., February 14th, 1925.
NOTICE TO DEBTORS AND
CREDITORS
All parties indebted to the estate
of Frank S. Hamlin, deceased, late of
Essex county, Massachusetts, are
hereby notified to make payment to
the undersigned, or to Mr. L. A.
Kirkland, my agent and attorney, and
all parties, if any, having claims
against the said estate will present
them likewise ctOly attested within
the time prescribed by law.
ALBERT L. SAWYER, Executor,
Estate of Frank S. Hamlin.
Camden, S. C., Feb. 12th, 192fc.
TAX NOTICE
Office of Treasurer, Kershaw County,
Camden, S. C., Sept. 12, 1924.
Notice is hereby, given thut the
books will be opened for the collection
of State, County and School taxes
from October 15th, 1924, to March
15th, 1925. A penalty (>f 1 per cent
will be added to all taxes unpaid Jan
uary 1st, 1925, 'i pei' cent February
1st, 1925, and 7 per cent March 15th,
1C25.
The rate per centum for Kershaw
'v.unty is as follows: Mills
State Taxes 0
6-0-1 School 4
County Taxes 9vi
Hospital %
School Taxes 3
Total 23%
DcKalb Township Koad Bonds,
for DeKalb Township only... 3*4
Dog Tax $1.25. All dog Owners are
required to make a return of their
dogs to the County Treasurer, who is
required to furnish a license tag. All
dogs caught without the license tag
the owners will be subject to a fine
of Twenty ($20.00) Dollars.
The following School Districts have
special levies:
SchooK District No. 1 23
School District No. 2 19
School District No. 3r 23
School District No. 4 15
School District No. 5 8
School District No. 7 8
School District No. 8. . . .'_ 8
School District No. 9.../ 4
School District No. 10? 5
School District No. 11 15
School District No. 12 18
School District No. 13 8
School District No. 15 . 8
School District No. 16 8
School District No. 19 8
School District No. 20 4
School District No. 22 23
School District No. 23 11
School District No. 25 8
School District No. 27 8
School District No. 28 8
School District No. 29 8
School District No. 30 8
School District No. 31...., 8
School District No. 38 8
School District No. 35 15
School District No. 37 8
School District No. 38 8
School District No. 39 14
School District No. 40 25
School District No. 41 8
School District No. 42 8
School District No. 46 8
School District No. 47 8
The poll tax is $1.00.
All able-bodied male persons from
the age of twenty-one (21) to fifty
(50) years, both inclusive, except res
idents in incorporated towns of the
county less than 2,500 inhabitants,
shall pay $3.00 as a road tax except
ministers of the gospel actually in
charge of a congregation, teachers
employed in public schools, school
truster*, and persons permanently
disabled in the military service of this
State and persons who served in tho
War Between the States, and all per
sons actually employed in the quaran
tine service of this state and all resi
dent* who may be attending school
or college at the time when said road
tax shall become due. Persons claim
ing disabilities mast present certifi
cate from two reputable physicians of
this county. ? -
All Information with nfgui? to
New Method
HealsPyorrhea
Ten Year Bad Case Completely
Healed In a Short Time ^
Writes Florfda
Worn aft
Faced with the loss of hor u*>tk
after 10 year's suffering, Mrs. M i'
Travis, an esteemed resident of
sonville, declares* she finally
her teeth by a simple hom'c tr**?
ment: "worth its weight in gold."
Using her own words: "After having
pyorrhea for 10 years my iin.uthjj
now healed. Before i found out dif.
ferently, 1 was told there was a?~
;( iicf and had yielded to the loss of
six fine solid teeth. Then 1 disco*,
ered Moore's pyorrhea treatment
Three days after starting its use, the
soreness left my gums; m> teeth H
fan to tighten. Now my teeth art
clean, my breath sweet, and niy
mouth completely healed."
Th(o experience of Mrs. Travis &
duplicated in hundreds of other case?<
If you have pyorrhea?or threatened
with pyorrhea your teeth are in da*
gor. Quick and effective treatment
in necessary, You can test, without
money risk, the treatment used by
Mrs, Travis. Simply write the Mere
ham Co., 2698 Gateway Station, Kan
sas City, Mo, Under their guaran*
tee of refund send two dollars. Or,
piiy postman the S$ witl\ a few cent*
postage. Ute th? treatment 7 days.'
[fhen if you are not wholly satisfied,
write to tMU effect and your $2 will
be returnee at once.
Sues for Death of Daughter
Chester, S. C., March 1.?D. "W,
Barnes, through his attorneys, Hemp
hill and Hemphill has entered suit
for $35,000 against Swift & Company
and Homer Bratton, a negro, who was
driving a ^rjuck when he ran over
little Louise Barnes, tl^e seven year
old daughter of Mr. and Mrs. D. VT.
Barnes, and the little girl died from
the injuries sustained.
PIANO TUNING
Lewis L. Moore
242-W PHONE or 48
CAMDEN, S. C,
Dr. C. F. Sowell
'"??? ? s>
DENTIST
(Office Over Bruce's Store)
CAMDEN, S. C.
N. R. GOODALE
Plumbing, Heating and
%
Roofing Contractor
Any work needing special
attention in this line call
Phone 49-W, Camdett, S. C.
COLUMBIA LUMBER
MANUFACTURING CO.
MILL WORK
SASH, DOORS, BUNDS
AND LUMBER.
PLAIN * HUGER ST5. Ph*ae 71
COLUMBIA, S. C.
Hayes Bus Line
CAMDEN
TO
Columbia, x
Bishopville, Htrtivill?f
Kershaw, Laifcaiter,
Charlotte.
For information
Phone 181, Camden Hotel
A. R. COLLINS
Undertaker and Embalme?
AMBULANCE SERVICE
Camden, S. C.
Telephone?Day 41; Night W?
T. B. BRUCE
Veterinarian
Day Phone 30?Night Phone lH
CAMDEN, S. C.
DR. G. C. TRANTHAM
DENTIST
F*4
PHONE 4S0