The Camden chronicle. (Camden, S.C.) 1888-1981, July 20, 1934, Page PAGE TWO, Image 2
IIKKK'tt A STORY WITH A MORAL
How A Father Divided III* Property
Between Hi* Two Son*
When old man Hawkins brnihi
ing hi* last, ht- called hi* *.>|0 sorus to
his bedside, ar.d said. "Boy*, it is my
desire that you share equally in waal
I have to leave. To you, Clem, I ?aa
leaving my farm which U worth f--V
000. and to you, I>aniel, I am leaving
|2.V<HN> in tax free municipal bond*."
Thu? far, for ail intents and purposes,
old man Hawkif.* had d<v;ded
hi* estate equally between his two
son*.
Clem, whose 1^5,(>w was, represented
in a splendid farm, determined to
, work hurd so that some day when he
*a> old he cguld retire and move into
town among hi* old friend*.
Daniel, whose half of his father's
estate consisted of liift.OOO of tax free
municipal bonds, rented a comfortable
home in town and began to ?Ouk
around for work. His acquaintance
among the* farmer!- in the county, a*
well a* his knowledge of farming,
soon enabled h.rn to obtain a posit.or.
an cierx in the local farm implement
store. ' |
At the end of the |ir?t year, Clem
discovered that . his farm product.*
when aoid tit ill left him a few bills at
the general store He attributed this
situation merely to a bad year. About
, this same time he received his first i
tax b.11, and he was convinced that it
was a bad year.
CJem began to do some figuring.-1 To
his alarm he saw that while hi* brother
was receiving SI,WO income each
year on which he w as paying no, taxes
he himself was obliges! to pay taxes
or. r.o' income; in fact, on what
amounted to a los? on h;* farm operat.ons.
Somewhat dismayed, but not fully
convinced that such a gro>-s inequality
of taxation could exi?t, Clem determined
to make the next year a
different one, ?o he borrowed money
from the bank to pay his taxes, and
resolved to work harder than ever
the. coming year.
In the meantime. Daniel saw that
- " "
J he ?a? really on the road to wealth.
! Hu po*.tion provided him with an
income on whiA he could live comfortably.
and at the cam? time left
practically nothing, after exemption*,
on which he need pay taxe*. In addition
he received $1,000 tax exempt
I interest on hi* tax free municipal,
i bond*. .. .
J It was no wonder that he welcomed
: the opportunity to campaign in favor
|of a new municipal bond issue, this |
| time to build a city market,. The fact
[mat there was already Fnore than!
l
enough local grocers w ho were strug-'
gling to pay taxes and -still earn a'
hiving did not enter into the .situation'
at all.
C|em v^a? opposed to the bond issue,'
! because he r ealized that it would very 1
materially increase his own tuxes.;
However, he had no vote i.n the mat-{
iter. Like the rest of his neighbor*,!
tClem was entirely at the 'mercy of
: the. nvur.n^p&i voter*.
Ju*t prior to the election, Clem
; made one of his infrequent visit* to'
j see his brother, Daniel. The work
j and responsibility of a farm required j
'all his time with no holidays, so he 1
had little of the leisure enjoyed by
jht* brother. <"l*m protested vigorou.-i
is to Daniel, pointing out the^large
1 increase m taxation this new bond
;i>(Sie would mean to Clem and his
neighbors. Daniel was not very sympathetic
and Clem departed consider- 1
! ably embittered by his brother's attitude.
The election carried and Daniel
promptly invested hLs $1,000 interest
from tax free municipal bonds in
the new issue of tax exempt municipal
securities.
The next year found Clem and his
farm still a losing proposition. His
taxes were much higher because of
the new bond issue, he had interest
to pay at the bank on his first loan,
and the prevailing prices in farm proL'iuee
had declined over the previous
I year.
! Slightly discouraged, Clem decided;
: to see just what this business of his j
wa- worth. To his alarm he learned
that hi> property, which had not been
kept up any too well for obvious re*
' ?
| ?on* of economy, was no: worth more
than lly.OOu. but his taxes were hign- |
er than in former years.
Once mure Clem mad* up, his mmJ
to have a good year. v He iJgain bor- j
| rowed money from the bank in order ;
to pay his taxes, his bank interest and:
'euiae money to make a few improve-]
mtnts vn the farm.
In the ne*t three years that foD ,
lowed, Clem sank farther and farther ,
in debt, while Daniel acquired more'
and more tax free municipal boi.ds
as various gosernment ventures nj
competitive business increased. One,
by one the taxpayers were annihilated
until a few like poor Clem remained.
After five years of the hardest kind
of work and self-denial, Clem had 1
only a heav^l\ mortgaged, and somewhat
depreciated farm to show f^r
his efforts. In desperation he went
to the ban*;, only to find that the
bank wjis already staggering under
"the"load of too many cases like h.s
own. The bank could do nothing, but
offer him advice, and ironical advice
at that. The bank(recommended that!
he go to see his brother Daniel, who j
now held more tax free municipal |
bonds than anyone else in the county, j
Living handsomely off his .salary i
and tax free securities which were
possible through the exploiting of hi* I
own brother and other farmer taxpayers,
Dan in his city clothes and
new car offered a fine contrast to
his prematurely older younger broth- I
er.
Daniel listened intently to his'
brother's story and then coldly gave
his answer. He would assume the obligations
of the farqi provided Clem
would deed it to him. Clem could 1
then operate the farm on a share'
basis until I>anie! could find someone
to buy it. Daniel stressed the fact
that it was indeed poor bu.-ine.ss for
him to pay taxes and risk his capital'
in such an uncertain enterprise when
by selling the farm and buving tax- f
free municipal bonds he coulu{KOtect 1
his capita! and at the same time have
an assured income from a tax exempt
source.
With great difficulty Clem con
trolled himself; he had to, though, because
of his family, none of whom
were too'weli, since taxation and interest
had rubbed them of all the
I refinements of food, clothing and
other necessaries which are so essen;
!tial to healthy living.
1 And so while honest, upright old:
| man Hawkins had thought he had j
divided fftk wealth equally between his
'two sons, he had, tragically enough,
given all to one son when he gave
him his tax free municipal bonds.
Today, hundreds, yes, thousands of;
farmers could tell a story much the
>ame as this one. But are they going
to continue to do so? They are,
unless they rise in a body and demand
that there be no tax free securities,
and that there must be an equalization
in all taxation.?The Employer.
Ml. Pisgah Baptist Church
There will be services at the Mt.
Pisgah Baptist church ' next Lord's
Day as follows: Bible school at 10
a. m.; church worship at 11 a. m.;
B. Y. P. U.'s at usual time ir> the .
evening.
The pastor is engaged in a meeting
this week at Bowman but will return ;
and fill tne appointment next Sunday.!
Our annual series of evangelistic
services will begin the fifth Sunday
evening at 8:15 o'clock. The Rev.
W. L. Griggs, pastor of the Ninth
Avenue Baptist church of Charlotte, j
will do the preaching. Rev.' Mr. i
Griggs is a forceful (gospel 'preacher.
He has the reputation of being one j
of the leading revivalists in North!
Carolina. We are grateful that we j
have been fortunate enough to secure
this great preacher for our meeting.!
The public is cordially invited to,
attend all the services of our church. I
?Luther Knight, Pastor.
Miriam Mills, former beauty queen!
of the university of Oklahoma, Ls
dead at Norman, Okla., the result of j
taking many doses of an illegally
prescribed medicine in an effort to j
escape motherhood. Neal Myers. 21,
junior pharmacy student, is being |
hunted by the police in connection
with the case.
General News Notes i
Cotton consumed in spinning mills ,
of the country during June totaled1
$63,414 bales of lint and 56,042 bales
of linters. as compared with 519,705
bales on lint and 63,878 bales of iin-1
ters in May, and 697,201 baie9 of lint
and 65,355 bale* of linter* in June of
last year.
Herman Mille, weighing 360
pounds, climbed 32 steps to a NewYork
court room to answer charges ,
of being in arrears for rent. The
judge postponed the case. Miller pro-!
tested and then fainted when the
court would not proceed. It took 12,
policemen to get Miller down the!
stairs.
Postmaster General Farley at Indianapolis,
Irul., made an address in
which he predicted quite confidently
that the Democratic party will reelect
majorities to congress next fall,
ami that the Republican strongholds
of Maine and Pennsylvania and prob-j
ably Vermunt will be battered!
j |
down. I
Following the killing of Helen
Spence. notorious girl killer ami con
vict of an Arkansas state prison last !
Keek by a convict guard, A. G, Sted- j
man, superintendent of the prison, 1
resigned the place to save the prison
board from criticism, he said. Sted-1
man is not held responsible for the
killing of the escaping girl convict.
German newspapers generally on '
Saturday editorially lauded the ad-1
dress of Chancellor Hitler to the
reichstag on Friday, when he explained
and defended the recent slaughter
of what he termed traitors to the
Nazi government of Germany. The .
list of men slaughtered, said to num- .
ber 77. was not made public. I,
A ration-wide survev showg^ that',
4 * \ 1
farm wages are the lowest South |,
Carolina of any state in the Union, j (
averaging with board, $10.50, and <
without board $15.25 per month. The j
average for the country with board j
is $18.10. and without board $27.39 j
per month. Averages in North Carolina
are given at $14.25 and $21.25. Ij
!
Germany is offering to make arrangements
with the United States
for the payment of interest on German
bonds, despite the moratorium
which has bCen declared. The arrangement
will be similar to that recently
made with Great Britain, under
which the central banks of the
country would aid in carrying on the
necessary exchange transfers.
Oliver Lang, Sarasota, F!a., attacked
by a shark 8 1-2 feet long in
-hallow water, defended himself with
i penknife and killed the shark.
r1 1 ' 1 1 M
Camden Theatre
Week Besinnis JulTlf
.?** i
FRIDAY
"CIRCUS CLOWN"
With Joe E, Brown arid Basnet
Ellis. Also Comedy and Ntnrf
^SATURDAY ^
"RETURN OF
C. THE TERROR"
With Mary Astor, Lyle Talbot,
Frank McHugh and John H< .lidaiv
Also Chapter II "The Vanishing
Shadow" and Comedy
Saturday Night at 10:30
"HERE COMES
THE GROOM"
With Mary Bolpnd and Jack Haiey
MONDAVanT'TUESDAY
"THIRTY-DAY PRINCESS"
With Sylvia Sydney and t arey
Grant. Also Comedy ar.d News
'WEDNESDAY
"FOG OVER 'FRISCO"
Wi;h Bette Davis, I.yle Ta/.bot,
Margaret Lindsay and Donald
Woods. Also selected short
subjects
THURSDAY
"SHOOT THE WORKS"
With Jack Oakie, Ben Bernie and
Alison Skipworth
Also Comedy and News
Matinee at 3:15 Admiss'n 15c, 10c
Evening at 7:30 and 9:15
Admission 20c and 10c
i.
"?p
* r m H I V*B >v
from the day youpuy it
LOW FIRST COST! $505
and up, F. O. B. Detroit. Ford V-8 prices are
at their 1934 low.
LOW UPKEEP COST!
The new Ford Y-8 is the most economical car to run
that Ford has ever built.
HIGH TURN-IN VALUE!
Year after year the record shows that Ford cars retain
an unusually great per centof their original value.
mm A ABHHHMA
THE Ford V-8 would be a great buy
even at a much higher price. It's the
only V-8 selling for less than $2500. Ford
alone has been able to put a V-8 engine in
a low price car.
The first cost of a Ford V-8 is decidedly
low. But that saving is only the beginning.
Ford V-8 valves never need grinding.
Carbon removal is virtually eliminated.
\ The new Ford V-8 consumes less gasoline
and oil than last year's Ford which made
such a great record for economy. And
Ford V-8 parts cost from 23 to 54% less
than parts for any other car.
In addition, on that distant day your
Ford V-8 earns its honorable retirement,
you'll find that it has a high trade-in value.
The record of years proves it.
FORD V-8
$eric AND UP,
fJVJ F. O. B. DETROIT
Easy terms through Universal Credit Co.
? the Authorized Ford Finance Plan.
FOK.P ?.\AJiO PKOGRAM ? W1 I U ffUINC'S r F.VNS YL VVNI AN S i BVBKY SUNt'AY Wt'OHJ ? (jOl.l'MRlA NICTWO *
REDFEARN MOTOR COMPANY, CAMDEN, S. C.