Historical Newspapers of South Carolina

Below is the OCR text representation for this newspapers page. It is also available as plain text as well as XML.

REPORT OF THE CONDITION OF THE FIRST NATIONAL BANK OF CAMDEN IN THE* 8TATE OF SOUTH CAROLINA, ?AT THE CLOSE OF BU8INE88 ON MARCH 20th, 1940 Published In response to call made by Comptroller of the Currency, under Section 5211, t'. S. Revised Statutua. A88ET8 Loans and discounts (Including $3,743 62 overdrafts) 1169,430 36 United States Government obligations, direct and guaranteed, .. 233,961.15 Obligations of States and political subdivisions, 100,088.69 Other bonds, notes, and debentures 97,915.93 Corporate slock, Including stock of Federal Reserve bank 5,200.00 Cash balances with other bunks, Including reserve balunce. and cash Items In process of col Unit Ion 449,65m.76 Hank promises owned 026,251 10, furniture and llxlures $1,638.57. 27,7896* Real estate owned other than bank premises, 5,430.73 TOTAL ASS NTS $1,145,363.29 LIABILITIES Demand depo.-uts of Individuals, partnerships, and corporations,. $595,351.46 Time deposits of Individuals, partnerships, and corporations,.... 320,944.77 Deposits of 1'nlted States Government (Including postal savings, 6,000.00 Deposits of States and political subdivisions 128,044.21 Other deposits (certified and cashier's checks, etc.) 112.32 TOTAL DEPOSITS $1,049,452.75 TOTAL L1AIHLIT1KS $1,049,452.76 CAPITAL ACCOUNT8 Capital Stock: (o) Common stock, total par $6u,000.00 $ 60,000 00 Surplus 30,000.00 Cndivided pro/Its 4,410 54 Reserves t and retirement account for preferred stock) 1,600.00 TOTAL CAPITAL ACCOUNTS 95,910.54 TOTAL LI A HI LIT II0S and CAPITAL ACCOUNTS $1,145,363.29 MEMORANDA Pledged assets (and securities loaned) (book value): tat United States Government obligations, direct and guaranteed, pledged to secure deposits and other liabilities,..! 45,000.00 (b) Other assets pledged to secure deposits and other liabilities (including notes and bills rodlacounted and securities sold under repurchase agreement) 98.000 00 (0) TOTAL $143,000.00 Secured liabilities: la) Deposits secured by pledged assets pursuant to requirements of law $118,536.60 <d) TOTAI $118,536.60 State of South Carolina, County of Kershaw, as: I, S. \V. Van Land Ingham. Cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge . and belief. S. w. VanLANDINGHAM. Cashier Sworn to and subscribed before me this 29th day of March, 1940. S C. CLYHIJRN, Notary Public My commission expires at the will of the Governor of South Carolina. Correct Attest C J SHANNON, JR. M. 11. Ill;Y.MAN Lb;WIS L CLYHI RN 1 >irectors I Mrs. J. H. Wingate Dies At McBee ll:-:; ;? . \p::l l! M I- .1 ill \\ :'in :. i! i- 1 "I 11 -~ii.i> ni^M; at J MM' IlllilU- ? ! tt..i <1.1 iU II '? . \l > ~ * M I I ; M ' ; i . a!i,:I , !?, ! 11, i.! i . r I . 111 w :' ! t \ I ' s I ' M I > i \ i j.-.i ............... rv II >i . :) I. V, J it -ala> tiii i*!i: im .it S: I.in.- - M- ii?><J:-r ? Inn1' !i at Kllior.. I S:ir\ jvinu' .?:?- >i\ Mrs \ i' S i ^ . !'.i-!n>j?\ ilir; Mis W A ( 11. ii (\t 5 . Mrs (' M I >a\ is. j M, i; <j; Mix lAumii' Hopkins. Ilish-i Mix \\"!:iu.i' . Mc-' w <i ^ >n s. ,| II WiuiMif. Jr. Co-j I'i:11 :.c .?;i.I <1 ! ' Wi:mai<\ Columbia, in*I i :!< In'' i h- r. () S M 11fiii rI> it ?>! I ^ ll A ( H >1J . j M :: ; " i \.u <?<'! i?-r k . <own'y.j N C . 1T (I a ' III.- < \ t M' in i1 W.'.-t'l'Il | ii^.1 L'A k^i L ?L> Ll.* i. k- ? X lii * 1 iilH i Vli* f I !.!-'{? i ' A J l I I Jill ill. I1 I.I 11 it is 1'I'll 111 | A .a* \ ; : : \a s}|\ j!!,' i' :iii ; ItiinL.i S C . ! '( .in Is !< ?rt. K*>.: Mont-' \.... .if.I Char!. - >n W V.i ; j ;?< i ' : \ i st.it.'s. I U ... Mi-. I.."! :: ) hi' i J. F. Roberts Of Westville Buried K>t- ha'a . Aj>fiI 2 .1 I1" Roberts. ." 7. ii'ij 1i his home at \\Vssvilli> Inst ' n!:*1:' Fun- : al setvic's wnc cull| . j 11? ' r i from tlii' I > K :t! Rapiisl i h tlii, i:: or noon. w ,i :t I s: 1 <?11 _r r> > i !' ! i of 1\> r. -haw . and ?as born an.I rear. <1 | in \\\>: W.it.Tf.' ilr is survived by his widow. Mrs. Klin Hornshv Roberts: six sou's. 1, H . Willie. I.uther and Woodrow. of Korsiiaw; iiimli-h and Krne.st, Camden; three daughters, Mrs. Ooit Nappi-r. I?iib>n: Mrs Ktta Ray and Mrs. Frank Joi dan. Kershaw. i HINSON COW COMPLETES J NEW OFFICIAL RECORD I Peterborough. N. II A new record, \. i ditia the average of the fluent-; > breed for her age and class has .moo tioen rnmpleToft by a five year' "id low llinsoti K i n i! wort h Sunset t.'eis'.'.' of Kershaw. S tested and "w:i ! !?;. .1 S. Hitison. Her official - eo; I supervised !. > ; he Clem-oil \-j n i! * a:. i i Co!!'-,, .tad annotitx e<! :> v :A ae rii <i n (i o?-t ti-ev ('at * !e ('lub is 1 7Ji _ pounds of ;iii.?N and 7>vi pounds of butter fat in class AA. ?r? COMMENTS ON MEN AND THINQS (lly Spectator) No imlos tux; no other tax. Wo iiiujH cut tho garment to the cloth. All we need la a little ooioinonsenae in alftto flimnco. No high fa loo tin Hchenio of tlneapun theory can tako the plate of the time-prove^ wisdom of a pending leaa than Inotwue. for .safety. Another maxim of our fathers' was "Dou'l bite off ma're than you t an chow." Well, for some time we hate been choking on the wad we bit off. It seems to me that the Information service .1 Hoy Jones Is advocating for his department of agriculture Is very desirable. The greatest need of Carolina farmers Is a marketing service on a state-wide scale. In most of the counties something is being done now, but Is Is ontlrely inadequate. As 1 heard tho plan explained, Mr. Jones will keep a record of everything offered for sale by farmers I mean those who Inform him-?and trucks coming to this state seeking farm products can learn by u telephone call what surpluses are for sale and by whom. Hollod down It is very simple and should bo very timely and helpful. The chamber of commerce is the one organization representing all tho town in all matters of general interest. Tho chamber of commerce Is the scouting party and advanco, troop of the general economic development of the community, and, in some respects, it Is an adjunct of the churches in their civic service. ir 1 were trying to explain sopio phase of tho chamber's work 1 might make il clearer to tell something about the Charleston chamber of commerce and Its work than to speak In abstract terms. For many years, tho Charleston chamber was devoting itself to the ordinary routine of a local business center. I know nothing about that aspect of its work. But In the last tlvo or six months the Charleston! chamber has not only aroused its own people along civic and political lines, but it has developed a missionary spirit which is bearing fruit throughout the state. 1 am not a member of the Charleston chamber of commerce, so I can see it in perspective.* Today the Charleston organization Is leading all other chambers of commerce in a campaign to promote the interests of the state. The Charleston chamber is working j in a theory closely akin to that of the, evangelical church; that Is to say, J first undertaking useful endeavors! within its own community and then sp:ending out all over the state in j order thereby to promote its u?tul-: ness to ifs own members. 1 think 1 might say that the most heartening trt flu nTtcn fnr public good 1n smith Carolina in r-? - u- >'e;irs bt" n thc' lM ir.on.ll work of Norwood H.i-ffie., limner M I'ace and l?avid A Skinner.' r. pi . renting the Charleston uroup. A ehainber of commerce unites a community and unifies efforts to make. I lie locality a better place in which; to live; unities and energizes efforts! to develop tin- trade area; it organizes into effective groups i:u?.-e who would bring new business and now industrial plants to the town: it is a clearing house for suggestion.- for the common good of the community: and j it undertakes to enlist and use all the !>u-jness and professional in- n and all the "business interests in a great com-' men . ndenvor to promote the coin-! munity. . . --- ?j This' i- unite a large program when w think of all the details, ami wheal W.. rein niber the peculiarities or: p. ,.ph- a; times. . I Important as all this is. and great ;|S <he work our chambers do in t a-A ing on t!ieir local functions, thej must cooperate with other- it; order to reinl-i* the largest s- rvi.-. even locally. Government today i- an iiitimatej part of business The nation and the, state, and even the towns, regulate much and tax more. The ionstant in-j (tease of governmental activities brings politics Into business, though bu t lit tie business in politie-. The good old days of pa>ing taxes in October at the court house on a little land and less personal property are over for business men Taxes toi\y run nil the time and are due ov- . ery day. more or Jess. 1 have read that some businesses make out as many as fifteen thousand reports to! the govc-rment in one year That tolls the story So I need not comment. It seems Incredible. The business man of today haa had to faco this new condition of taxation and regulation, but ho has not waked up to the fact that the groat majority of people are recipients of j government bounty and by their votes! they will continue to live on the taxpayers. unless the taxpayers weld themselves into a body of opposition,' determined to use their brains and re- j sources to save themselves from dis-j aster, and to preserve the institutions, Inherited from our fathers That Is no idle statement Men n>?d an In-' centlve to work and the greatest In-j centive Is the hope of r>-w.,rd. Itf isn't in human nature to d? much more than we arc cmnpc11 '! to do. If wo all share alik'- At.d wor.d of ours, especially t his g:eu: i o..atry or. outs w.i- built by ;t?. n worked th-'ir wrtj through tic ra :i k - either ! > superior ability or by greater application Whenever snare on a ], jj will sooner or lat--r ue the 1,.vo 1 of the lowest group .f wo all; -hare alike. There la a lot of loose talk of dolbg business without a profit; or the re-; moval of the profit motive in busl-, ness. I should be entirely in favor of doing business without a profit' motivp, if nil those who draw wages and salaries would work for nothing. It is rather striking that much of thp talk about doing business without a profit motive is by men drawing good salaries, many of them receiving salaries from endowments., Where would all our industries bo without profits? Capital is only unspent profits. Without capital there would be'no industry, and without -saved - profits and wages there would be no capital. One of the great romances is the industrial development of the United States, and those romances most appealing to me are those which converted raw products into new articles of common use, thereby promoting the comfort of millions and broadening tiie scope of each one's service. One such builder as that is worth more to South Carolina than any hundred men in public life in this state within a generation. Because of such endeavor thousands have had a chance to work with dignity and self respeot, doing useful service to mankind, contributing to the support of towns and schools and churches and paying heavily to the support of the nation. The state and nation are enlarging their participation in business. Business, if intelligently guided, must have an eye on Columbia, as well as on Washington; but one chamber can't do much, there must be group effort; there must bo a mass attack comparable to the old Macadonian Phalanx. The congress under recent decisions of the supreme court could regulate the activity of barn yard hens if their eggs should pass into interstate commerce, even as part of a cake. The great court has reversed itself within the last seven .years so that no lawyer can tell what the law is?or will be. Apparently state sovereignty is almost reduced to a memory. Trying to establish a uniform value for work either means that drones and parasites are to be coddled, or that superior work and ambition shall no longer be allowed free play. By some of our laws a business man is condemned before he even gets into court. Business men of the state must work together and the business of the various states must work together to protec t themselves against theorists who never managed a business, yet seek to control all business. W? ixre afTicted with a lot of mushroom, economists in high places, who are like1 the man who expects his vegetables and chickens to be like the pietuies in the catalogue.' All the influences dominant In public life today affi trying to spend what business earns? even before it Is earned. ^ggttgesassBssstSBSBBtaB^eBssaessaeammmmmm LIOMTWOOD KINDUtNQ Valuable Resource of South Should Be Thriftily Conserved Llghtwood is a commonplace article In the lower South, particularly ou the coastal plain and In the foot-hllla and on the lower mountains. However, It Is unknown In the North, Middle-West, the Weal and Southwesf. Light wood Is a product of the Southern pines. It Is formed In al<$ growth longleaf stumps after thp sapwood has rotten awuy and In lobs ahd tops of old trees which have been dead for some tlipe. It also occurs in the wood of longleaf and slash pine back of the turpentine faces to various depths depending on how long the living tree has been wounded. Other wounds on any Southern pine tree may cause resin to soak into a tree and produce areas of "fat" wood. Likewise the knots of all of these trees are pitch-soaked. Light wood is becoming scarce in muny localities due to three factors advisos, the State Forest Service. First, It Is used lp enormous quantities for kindling fires and for fuel by both farmers and city dwellers in the South. The second reason is that the groat reservoir of old growth timber is almost exhausted and the fast growing second growth timber produces little llghtwood. The third and moBt regrettable factor is that we are losing enormous quantities of llghtwood annually by reason of woods fires consuming huge quantities of valuable fat stumps and topwood which have a cash value for fuel at prseent, or may bo held for an increase in prices as supplies become more scarcer. "Farmers and other landowners can ill afford to permit woods fires to destroy this valuable and much used gift of Nature. If not destroyed It will remain on the land for many years, deteriorating very slowly and supplies revenue or fuel for the owner. However, if fires burn over land containing llghtwood it is gradually eliminated and even the stumps below ground jfre frequently consumed," advises the South Carolina Forest Service. Swedish fears of invasion are said by U. S. government experts to be responsible for unusually large gold shipments from Sweden to the United States. Sweden has shipped $57,000, ?'0 of gold here since the first of the year to March 13. Here's a ray of cheer for the college graduates of 1940. "Job possibilities f"r the seniors appear to be the Lri^hiest in three years." Prof. H. G. Tharker. head of the vocation department at Huston university says. Legislation for complete mobohzation on ilie economic front was introduced in the Bulgarian parliament on Tuesday by General Tlieodossy Duskaloft". minister of war. Mrs. Matilda Sutton Dies Mrs. Matilda Sutton died at her I home after several months of illness. She had lived in the Cedar Creek section for the past two years. She was horn in I^ncaster eounty and came to Leo county when she was small and had lived here for the remainder of her life. She was 71 years old. She leaves two children, Miss Mary Sutton and Mrs. Jim Medlin. Also 16 grandchildren and four great - grandchildren. Funeral services were conducted at Cedar Creek church at 11:00 o'clock Thursday morning. Interment followed in the church cemetery. The services were in charge of Rev. J. T. L#ittlejohn.?Blshoville Messenger. A half dozen persons were killed in Santa Rosa, Calif., Tuesday.- Those1 killed were itinerants who had crawled under ~ the big warehouse to escape a downpour. Hundreds of tons of prunes stored in the warehouse was what caused the collapse. The 35,739- ton British liner Maure-! tania anchored this week in Cristobal, bay, Panama, presumably in prepara-J tlon for making transi^ of the Panama canal and heading toward Australia to act as a transport for Anzac fighting men. The bark of a wild dog c&tii^Hr itated by the lyre bird. NOTICE OF ADMINISTRATOR SALE Pursuant to an order of PiH Court dated March 2s, 194O, ll sell at public outcry to the hj[^R bidder beginning at 10 o'clock^B forenoon on Saturday, April JjjR at (he residence of tic late .Itutt^R Wood, deceased, near Blaney.R the following articles of persottR petty of the estate of JaiqH Wood, deceased: . _ .jR One mule, tools and hames^B er, rake, shop tools, farm' loo^J household furniture and perto^^B Terms of sale. cash. HAROLD W. FUNDERBd^B Administii^Rl Dated Camden, S. C., March i^R* : EASY TER( RADIOS ? BICYCUH ECONOMY AUTO SUPlH CAMDEN, S. C.I Glosfasl ENAMEL L*U , ) ~ pffl Mpmh FLOWS FREELY?NO BRUSH MARKS WASHABLE-DURABLE Not necessary to remove the old tinish. One coat of G L O S F A S T make s old lurniturc look new. L_ 'Dr/iS i1 >') hard. I BARRINGER HARDWARE CO. I TELEPHONE 21 It?- ' ? - r is port of condition of THE COMMERCIAL BANK of camden, 80uth carolina, a member of the pcoeai.^b serve 8y8tem, at the cl08e of business on march published in accordance with a call made by federal reserve bank of this district pur "9 8uant to the provisions of the fed. 1 eral reserve act. as8ets Loan* and discounts United States Ooverwnent obligations, direct and guaranteed,., Obligations of States and i*olltlc&) subdivisions, ] Corporate stocks (Including |1,960.00 stock of Federal Ueaerv# ] bank) Cash, balances with other banks, Including reserve balance, and cash Items In process of collection, Furniture and fixtures ?^R Other asaefs, Documentary Stamps, , TOTAL, ASSETS $S^R liabilities Demand deposits of Individuals, partnerships, uud corporal Ions,. hb^r1 Time deposits of Individuals, partnerships, and corporations, ... Deposits of United States Oovernn\%nt (including postal saw ^R lugs), Deposits of States and political subdivisions lt*^R Other deposits (certified and officers' checks, etc.) TOTAL DBPOSIT8 TOTAL LIABILITIES (not iucludii^g subordinated obllga."~"lJ tions shown below), $$d^R capital accounts *""^R: Caplt?l# .. I rR Surplus ? ltiR Undivided profits ll^^R TOTAL CAPITAL ACCOUNTS TOTAL LIABIIJTIBS and CAPITAL ACCOUNTS This bank's capital consists of common stock with total par value of $50,000.00. memoranda .^R Pledged assets (and securities loaned) (book value): > (b) Other asSets pledged to secure deposits and other liabilities (Including notes and bills redlscounted and securities sold under repurchase agreement) (e) TOTAL , tUlH Secured and preferred llabilltjes: (a) Deposits secured by pledged assets pursuant to require- ^R ments of law, (e) TOT^L I, H. O. Carrison, Cashier, of the above-named bank, hereby R that the above statement Is true to the best of my knowledge and tafl H. O. CARRISON. CuR Correct?Attest: W. ROBIN ZEMP ^R K. C. ETTERS R JOHN WHITAKBR, JR. Directors. + State of South Carolina, County of Kershaw, ss: Sworn to and subscribed before me this 10th day of January, 1|R CHRIS BELBOS, Notary Pot^R Charter No. 9083 Reserve DlstrfctR (Better Crops I Better Fertilizer] Representing eight of the leading fertilizer mtff] facturers of the South ? goods made for South?f*B a f soils. t We are in a position to save ^ou money on needs for the coming season see us before buyifl#"*? let's talk it over. C. V. MASSEBEAUI NITRATE AGENCY CO. MUTUAL FERTILIZER REED FERTILIZER CO. LOQAN-ROBlN80N^4fl HART8VILLE FERTILIZER CO 8WIFT FERTILIZER SOUTHERN FISH 8CRAP FERTILIZER CHARLESTON IMPORT 4k FERTILIZER CO. Y; 3 ",'f JM