The Camden chronicle. (Camden, S.C.) 1888-1981, June 02, 1933, Image 1
Camden Chronic f i
111 1 J^jA^WMPAY, JUNE X, 1$33 . ~ NUMBER 10 ' 'IH
list Of New Laws As
To Kershaw County
While it has been no little task to
. g0i aiut while we assume no re.ponsibilitv
for any mistake* irv their
' ^production here, we have assembled
i the local Acts cause<l be Pa88e<1
by the Kershaw delegation at the
Jagion of the General Assembly jus?
closed, pertaining only to Kershaw
county, for the enlightenment of the
readers of this paper. We believe, it
,o bo the duty of every citizen of
;th0 county to acquaint himself or
herself with what has been (tone, at
least loyally, by thg men chosen to
represent us in the legislature, and
we are sure that these gentlemen desire
the full publicity of their doings
that we are giving. iSome of the
measures at least are of great importance
and should be carefully
studied.
It is, of course, possible that some
errors or omission# may haVe crept
ip, and wo will be glad to make cor-j
rtfflons if our attention is called to
any mistake# before we go to press
next week.
County Supply Bill
That a tax not exceeding five mills
is hereby levied on all the taxable
property in the county of Kershaw
for ordinary county purposes fur the
fiscal year beginning January 1, 1933,
the same to be expended in the payment
of the amounts and for the purposes
hereinafter stated, and the gasoline
and insurance tax paid to the
county from the state is hereby appropriated
for the same purpose.
Roads, bridges, convicts and maintenance
of road working organizations,
gasoline and gasoline distribution
$18,000.
Clerk of court $800, deputy clerk
of curt $750, sheriff $1,800, deputy
sherifT $1,200, superintendent of education
$1,400, treasurer $600, auditor
$600. judge of probate $600, coroner
$240, janitor of jail $360, janitor
of court house $300, four county directors
$800, clerk to county directors
$100. Camden magistrate $750,
Camden constable $480, Bcthune
magistrate $360, Betbune constable
$200. Blanev magistrate $36<Tj Blaney
K constable $200, Kershaw magistrate
$360. Kor>haw constable $200, Upper |
Flat Rock magistrate $180, Upper
Flat Rock constable $100, lx>wer Flat
Rock magistrate $180, Lower Flat
Rock constable $100, Upper Wateree
magistrate $180, Upper Wateree con_stable
$100, Kershaw Guards, Co. M.
118th Inf. $200, James LeRoy Belk
Post American Legion $100, James
LeRoy Belk Post American Legion
Service Officer $200, County Board of
Education $100, County Board ofj
Equalization $200, County Board of
Registration $150, jail expense, including
dieting of prisoners $1,750,
jurors ar.d witnesses $3,000 (provided
that jurors shall be paid $2.00 and.
mileage per day and witnesses 50c j
and mileage), stenographer fifth circuit
$!00, county home, poor house
and po<?r $1,500, Associated Charities
for sup; ri of Kershaw county orphar.a.
f post morterns, inque<t
a- ' lunacy $100, - (provided
that the fees of probate judge and ^
physician shall not exceed $2.50 in:
lunacy The county health physician
-hail bo used in these cases.) |
Public buildings, including water and
light, fuel and insurance $800, printing,
po-tago and stationery $800,
| (provided that expenditure# shall be
Paid only on request and approval of
Board County Directors. They shall
po*t rr r.'hly expenditure# of county
board <board at court house.) Mis-j
ce!!an<<.u. contingent $1,000, vital
statistv $261.25, county health unit
U *<?>. Attorney $250.
Th" county health department is
expect< d *o carry on the usual duties
of ? ;-hn organization. Included in
*U'.h duties will be the giving of ty-1
phod ar.d smallpox vaccine to thej
People of the county, the examination
?f pro--<hool and school children, the'
training (,f mid-wives, sanitary ?ur-|
Ncy. correction of water supply and J
excreta dispo#al, mosquito arid fly j
control, ?he use of all means of pub-j
"city, stjoh as newspaper articles,
taiks iK'fore the schools and public;
gatherings.
The county health officer shall have!
additional duties of looking after the[
treatment and diagnosis of jail and,
chaingang patierfts and that of per-i
ormirg the lunacy examination# for
of the doctors in such cases, and
ats? to do the post mortem etaminam
hehalf of county and state
?r such cases as in Kershaw county*
The duty of the health officer shall
. ^Inrged to treat and diagnose such
the county thai nay be
able to receive the necessary treatment
from any other physician and
such case to be looked after by health
officer upon the permission of the
local doctor in the community the
patient resides or is found.
Provided, however, that the duties
prescribed in sub-item next above
shall not interfere with the duties of
preventive medicine prescribed in
sub-item first aboveAudit
county books $300 (provided,
that the auditor employed to make
this audit shall bo selected by the
county delegation), traveling expenses
foT farm demonstration agent $300,
travelling expenses for homo demonstration
agent $150, lights, insurance,
keepers, maintenance bridges $4,000
(provided that the bridge keepers
shall not rceeive over $75.00 monthly.
The sheriff shall receive in addition
to his regular salary, his necessary
' expenses and five cents per mile for
each mile traveled in going and returning
w^jen called beyond the limits
of the county on official business, to
wit: Searching for fugitives, conveying
prisoners to the state reformatory
and conveying criminals to the
penitentiary. Ih addition, the sheriff
shall also receive twenty-five cents
fqr committing and twenty-five cents
for discharging each prisoner^ and
thirty-five cents per day for dieting
each prisoner for each day or fraction
thereof while detained in the
county jail, or otherwise in his custody.
i That the sheriff be allowed five
hundred dollars, if so much be necessary,
for criminal work done outside
of the county, payable upon his
order itemized.
The board of directors of Kershaw
county is authorized and directed to
borrow for the use of Kershaw county,
for the payment .of the items
above appropriated, the amounts
needed to provide for the.payment of
the same, and shall have no right to
borrow for county purposes, or pledge
the credit of the county, in excess of
the total amount of the above appropriation,
except that they may borrow
for the renewal or extension of existing
indebtedness as may be needed
for that purpose. And the said board
of directors are authorized to execute
notes or other evidences of indebtedness
for the amounts borrowed hereunder,
and are empowered and directed
to pledge for the payment of
the same the full faith and credit of
Kershaw county and the taxes levi
for the current year and all other
funds from whatsoever source coming
into the hands of the treasurer and
applicable to county purposes.
If any emergency shall arise fo
the expenditure of. a greater amount
than hereinabove provided for any
purpose the increased or additional
expenditure shall be made only with
the approval of the legislative de.egntion,
and when any expenditure is
,o authorized and approved, the board
of directors may borrow to the amount
necessary for the payment
thereof.
All funds from whatever sourc: ,
other than the taxes levied for the
current year, together with gnsohne
and insurance taxes from state, com
ing into the hands of the treasurer ,
and applicable to county purposes,
shall be held for and applied to the
payment of the note and interest indebtedness
of Kershaw county to the
sinking fund as the same shaHbecome
due until the whole is pa
- tk*. of five hundred dollars, u
,o^r*
preprinted to U J*ld ?P?n
'fthe county te*W?tiv? delation
**f r^-r?
p
V.i, ' ?x%
in tho conduct of the affairs of the
county.
The county board of directors is
hereby authorized to expend not to
exceed tlfree thousand dollars from
any fundfe coming into their hands,
for repair of the county equipment
which was transferred from the former
board, in bad repair.
The county treasurer of Kershaw
county is hereby authorized and directed
to refund to H. D. Green,
county agent,. the sum of $42.13, expense
for work done outside of county,
which sum is hereby appropriated.
Sinking Fund Commission
Be it enacted by the General % Assembly
of South Carolina: There is
hereby created a Coun/ty Sinking
Fund Commission for Kershaw Coun-<
ty. The said commission shall be
composed of three members who shall
be appointed by the governor upon
recommendation of the Korshaw.
county legislative delegation, and the
appointments shall be subject to ratification
'by the state senate. The
term of the members-of'the commission
shall be six years, jfrovided, however,
that at the first election of
said commissioners the delegation
shall designate one member to serve
for two years, one member to serve
four years and one member to serve
for six years, so that thereafter the
I term of one member of the commis'
sion shall expire every two years.
Provided further, that in the event of
a vacancy occurring during the term
of office of any commissioner, the
said vacancy shall be filled for the
unexopired part of the term in the
same manner as provided above, but
STiPPld 'such vacancy occur while the
general assembly _js not in session,
the appointment shall be subject to
ratification by the senate at the next
succeeding regular session of the
general assembly. The compensation
of the members of the said commission
shall be fixed by the Kershaw
county legislative delegation. Each
member of the said commission shall
be bonded for the faithful performance
of his duties ns hereinafter set
forth in the amount of ten thousand
dollars* The premium on said bonds
! shall be paid out of sinking fund monies
in their custody. Sufficient space
phall be provided in the Kershaw
county court house for filing the records
of the commission, or as shall
be necessary for its activities. The
commission shall elect one of its
members as chairman, ami one of its
members as clerk. The commission
shall hold regular meetings once in
each quarter, or more often, if necessary,
and shall meet upon call of tho
chairman or any two of its members
for the transaction of necessary business.
Within thirty days after the approval
of this act, commission
jshall be selected Sfr provided above.
Immediately upon .their qualifying,
the commission shall take over nil
^ a'&h ami all investments of every
nature representing accumulated1
sinking funds of all county bond issues
and ali ischool district bond issues
of Kershaw county. All cash
shall be deposited by the commission
in some benrk or banks, the selection
of which shell be left to the discretion
Ehe* cdrffTftlssion, tot that said
banks must aUow interetert on all deposit*
with them at a rate to be agreed
upon by the commission and
the Provided, however, that
aT.* V rJ * " *?"n *
kl '. S.'1 ** ' - i .' '
banks so selefcted as depositories
Shall be required to place'--yd th the
commission a sufficient amount of
collateral to insure the safety of Said
deposits. Such collateral as may be
taken by the commission as security
for said deposits shall be limited to
obligations of the federal government,
obligations ctf the stale of
South Carolina, obligations of the
county of Kershaw, or obligations of
any of the several school districts of
Kershaw county.
When it shall appear to bp or~ad1'
vantage, the commission may invest
such cash funds as they have in hand1
by purchasing outright and holding
any of the obligations named above, i
Provided, that investments taken over
by the commission at the creation, of
said commission shall be converted
into cash or into obligations as enumerated
above as rapidly as is possible
in the judgment of said commission.
The commission shall keep true and
permanent records of all odf its transactions,
including the receipt and
disbursement of all funds and the
collection of all obligations due the
commission, either interest or principal,
and s'hall also keep a record of
all bond issues of Kershaw county or
the school districts of Kershaw county,
which shall show the number and
amount of outstanding bond issues,
and the amount of cash or investments
held in the respective sinking
funds for their retirement. A full
and complete report of all transactions,
together with a list of bond issues,
with the amount of sinking
funds applicable to each, shall be filed
with the clerk of court of Kershaw
county as of June 30 and December
31, each year.
Approved May 10, 1933.
An Act to Borrow $100,000
Be it enacted by the General Assembly
of South Carolina: That for
the purpose of retiring certain outstanding
obligations of Kershaw
county the county board of directors
of said county are hereby authorised
to borrow in the name of said county
a sum of money sufficient to retire
| said obligations not to exceed one
J hundred thousand dollars and to issue
in the name of said county their note
or notes in such denominations and
with such dates of maturity not to
exceed five years. All such notes to
bear' interest not to exceed six per
cent. The proceeds of said loan shall
be used exclusively for the purpose of
retiring outstanding obligations of
Kershaw county.
w The note provided to be issued under
the terms of this act shell be
valid and bmdirg obligations otf the
county of Kershaw and shall be exempt
from all taxes*y(?ta*e, municipal
or otherwise.
That in order to provide for the
payment of Che aatd note or note*
together with interest thereon the
said board of county directors is authorised
to pfeVe irrevocable any
(Continued on page two)
' 1 j ?
Civil Court Jurors
to Serve June Term
The following men havt? been
<h*aiW'ii as jurors to serve in civil
court to convene in (Vmdun on the
third Monday in June, being June 19,
with Judge W; 11. Townsenid, o.f Columbia,
presiding:
O. M. I<aney, R. B. DeLoache, Wiley
Sheorn, It. P. Billings, D. M. l)avia,
Robert B. Biiyther, M. L. HanCock,
C. G. DeslOha-mpsy W. Craig
CQ'yburn, A. B. Boy-kin, E. A. Parker,
W. D. Thompson, R. J. Munn, B. R.
Truesdale, Camden; H. '/>. Broughrton,
S. C. True&dale, 1>. F. Owena, J. H.
Barfleld, Jr., John H, Clyfcuni, Westvil'lc;
J. M. Branhaart, F, M. Jones,
Karl T. Rosbo rough, Mitchefl B. Kaboru,
J. L. Ford, J. W. Bfawh&rn, I-ugofT;
H. E. Williams, Jr., J E. Coats,
Sr., Ira B. Catoe, J. W. Rowel 1, J. E.
Mobley, J. E. Carson, H. C. Jones,
Henry Stroud, A. T. Gardner, L. S.
Brown-, Kershaw; M. C. Hall, Bethune.
Suits Are Brought
To Test New Act
Two suits have been instituted by
taxpayers vthie week against J. H.
j MvLeotl, sheriff, S. W. Hogue,, treasj
urer ami B. K, Sparrow, auditor, to
i test the validity of the Act providing
for tW? extension of time of paying
delinquent taxes by the owners
of real estate for ten years. One of
these actions has been brought by
Henry T. llorton, who allege^ that
he owns no real estate but owns personal
property, ami that the Act discriminates
against him and all others
; similarly situated; the other action
| was brought by J. 1>. Watson, who
alleges that ho owns real estate and
that he has already paid his taxes
and the penalties, and that inasmuch
as the Act takes off the penalties on
the delinquent landowners, he has
been discriminated against.
Mendel L. Smith and Murdoch M.
Johnson represent the plaint iff a in
these suits. They have secured a
temporary restraining order ami are
asking for a permanent injunction
against the sherilT and the other
officers.
The outcome of the case will be
watched with much interest.
New Motor Fuel
Named Essolene
The introduction of tbe now motor
fuel Essolene to the public at Esso
stations on Juno 2 is one of tho major
steps in a now marketing program
whioh is involving tho expenditure of
several millions dollars and giving
employment to many workers, according
to H. E. Hoard, JocalmanuKer
of tho business of tho Standard Oil
company of New Jersey.
The program involves the re-identification
of some 30,000 outlets as
Es$> stations, hH\ated from Maine
through I/ouisiana, and includes a
large advertising expenditure, much
of which' will- go to the newspapers.
, Concerning Essolene, , Mr. Heard
say** "1 naturally am enthusiastic
about all of our products, but in Essolene
1 am jmsitive we have a highly
unusual motor fuel. The tests indicate
that it is the best regular-priced
fuel on the market. The anti-knock
quality is higher than in any regular
gasoline and, among other things,
Eosisolene actually reduces gummy
deposits in an old engine. We've given
the slogan 'Guarantees' Smoother
Performance' to Essolene, and we're
sure motorists will find that's so."
A rod-and-wh itu^.color scheme will
"distinguish the Esso Stations. All
the pumps are iberiivg re-painted to
eonform to this plan, and new signs
are being erected. All of this work
gives employment to many men and,
in the opinion of Mn. Beard, is an indication
of his iComparvy's attitude
toward the future.
E9S0 and Essolube, as well as Essolerie,
will be available at all of the
Esso Stations.
Depositors Told
Status Of Bank
The following* statement has been
furnished The -Chronicle by the committee
from The Bank of Cwwden
relative to the reorganisation of that
bank: y
Two week# ago, there appeared in
this paper a statement of the plan
for reorganization pf the Bank of
Camden. This statement was ad-,,
dreeeod primarily to the stockholders
of the bank iuu} not to the depositors.
Now since a sufficient number
of the stockholders have approved the
proposed plan, entitling it to submission
of the -State Board of Bank Control,
in Columbia, the committee
working for the reorganization is
looking forward to the submission of
it to the depositors. However, the
enormous amount of work eiwolved
in getting this plan ready to put before
the depositors and the many legal
complications involved will probably
defer its submission to them foi
yet another month or more. But there
are so many misapprehensions afloat
and so much interest being evidenced
by the depositors that this statement
is made to set before thorn as
clearly as possible how they will be
affected by the plans of reorganization,
and these .plans include payment
by Mr. H. G. Garrison, ,Sr. of $50,000,
and a payment by the other stockholders
o.f an amount equal to 50
fper cent of their stockholders liability.
This should net t)he bank about
$85,000, which of course is put up
for the (benefit of the depositors. Most
of this money will have to be used
along with the liquid assets of the
bank to redeem the paper held by
bank8 from which the Banlk of Camden
borrowed. Of course, this is the
first move ,to be made in order that
these assets may be gotten back into
I the hands* of the Bank of Camden.
These assets are quite sufficient, given
ay-thing like normal times, to pay
out -the bank's liability in full, but
they are hot such as can be converted
immediately into cash. It will
take time and a going institution to
liquify them. To give the necessary
time for the conversion ot these asinfo
cash, and at,the same time
to nive the ^depositors the control of
the situation, it is proposed that each
depositor shall for his deposit take
stock in the bank in the proportion (
of one share of stock of par value,
$10 for each $60 of his deposit.
While this stock would only have a|
par value of $10 per share, it would ^
have a book value of something morel
than $60 per share. The low par
Value is set up to keep the capital
stock at a minimum for tax purposes
and to minimize the danger of any
future stockholder's liability thereon.
Then, as the assets of the bank are
converted into cash, the money collected
will be periodically paid out
to these new stockholders who wcro
the depositors. For example: John
Doe had a deposit of $120.00 when
the bank closed. Under the reorganization,
he will be issued two shaies,
$20.00 par value, in the reorganized
bank. If the bank collects $50,000
on its old assets in a given period,
then it would declare to th&se new
stockholders a 100 per cent dividend
on its capital stock. This would give
John Doe a $20 dividend on his two
shares, which would amount to about
17 per cent dividend on his deposit.
This process would be continued until
John Doe shall have received all
of his deposit save the $20 which
would be represented by the bank
stock held by him.
Of course those depositors having
under $60 could not be issued stock.
They would receive their deposits in
fulL Likewise, any odd amounts,
say between $00 and $120, or between
$120 and $180 would be paid in cash
for stock could not be issthed for
these odd amounts. When the depositor
has received these dividends on
his &Uk k for all his deposit, save
that represented by the bank stock,
tho old stockholders and Mr. Carrison
who have put up money to insure
the reorganization will be entitled
to have stock issued to them or
a cash settlement made for so much
of their payment as has not at lhat
time been required to pay out the depositors.
It is important .to consider a number
of features of this plan. First
among these is the fact that the reorganized
bank will be entirely in the
hands of the depositors. They will
be the new stockholders and they
will elect their board of directors *M
their board of directors will select
the new officer*. Another
important thing to consider
is the possible etoddholders Habil.
* -*? 'i
ity on the new stock issued to the depositors.
This liability is only theoretical,
for since almost all of
| the deposits are to be converted
into stock to the depositors, and
tho asset? that tftood1 back of these ?
deposits will be transferred to an
undivided profits account, the. bank as
reorganized will have an extremely
strong set up. Its liability would be
almost, nil ami its assets would approximate
$400,000. If the bank as?
reorganized were to collect but $50,000
and pay that out to tho new
stockholders in the form of a dividend
then the depositor would have
already received as much as the
stockholders liability would bo in
any event. His safety is further
reinforced by the fact that there
will remain one-half of the stockholders
liability against the old
stockholders of tho Bank of Camden,
as they are not released by the reorganization,
although it is not anticipated1
that it will ever be necessary
to call on them for their additional
50 per cent liability.
To realize the proposed reorganization
75 per cent of tho depositors
must consent to it.
Lt is probably not inappropriate V i
here to state the advantages this
plan has over receivership; they are
as follows:
Under a receivership, the legal
liability of Mr. Carrison is $12,000.
Under this plan he is putting $50,000
into the bank. |
Unless used by a bank, the bank
building can be valued only as ordinary
business property'. For use by
a going bank, it is worth a multiple
of its value when not so utilized. <9*"
In case of receivership, it would be
impossible to promptly pay off the '&
borrowings of the bank from other ,
banks. These creditors of the bank
hold assets of the bank in double the
(^mount that is owed them, under contracts
that permit them to sell these
assets at public or private sale with
j or without notice. . Lf they were put
up for sale, the bank could not pro- '''$M
tect and probably woukl get nothing,
and an enormous loss to the depositors
would resuK.
The fact that 50 per cent of( the
old stockholders' liability will remain
outstanding will act to insure tfie
success of the reorganized bank for
these old stockholders will naturally
be interested in the success of the
reorganized bank in order to avoid
the necessity of any ftxrther assew
It is common that tho
good will and the prospect of future
accommodations makes a going bank 4
a vastly more gjjflfe -nlWtni Ham *
a dosed bank. To fprce a liquidation
of the Bank of Camden upon our
community would be disastrous to its
Forestry Meeting At
Mt. Pisgah On Friday :|
The following article is signed by
Charles W. Nuite, county forester,
ami Henry IX Greed, bounty agent:
Plans ure under way for tho erection
of a Are lookout tower and the
establishment of a forest ranger district
somewhere in the northeastern
section of Kershaw county vand the
tpcoipie in t'he general Mt. Pisgah sec- 1
tion of the county and of the northern
Bothune section are requested to
meet at the Mt. Pisgah high school
Friday night, June a, at 8 o'clock, in
order that tho definite plans may be
formulated and an understanding
may he reached between the 'people \ _'?!
of that "section of the county ami tho
county forestassociation.
If the new forest ranger district
can bo established with lookout tower
and necessary equipment it will be of
great value to the pooplo of that
general section of tho county ami will
reduce to a .minimum the forest tires
on the area signed up for protection.
This is an opportunity for the people
of that section to identify themselves
with the county forestry program.
Therefore, we urge that everyone interested
attend the meeting at Mt.
Pisgah high school - Friday ? night,
June 2, 8 o'clodk. ?? *
. iTI
. $
Wrecked His Car
Because of tho antiq^ of a' small
boy driving a second-hand car ne$r
Dulzell last [Sunday, J. 1>. Zewp, of
the DeKalb Phanmacy, had his automobile
ibadly damaged. The lad is
said to have swerved his car at a
car in front of tho Zctmp car and
didn't take into consideration that a
car was following and coukhrv't clear.
The running board; forrdero and twa
tires were crashed on one side. For- -cjg
tupately no one was injured.