Historical Newspapers of South Carolina

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y-^ i * ...J" y 4 • C;... ...—-/ l ■' ' . ! ,-T—T' . -n: t • y . y-ti > THE BARNWELL PEOPLE Entered at.the post office at Barnwell, S. C., as secpnd-class matter. JOHN W. HOLMES 1840-1912 B. P. DAVIES, Editor and Proprietor. THURSDAY, MARCH 3RD, 1921. Whadd’ye mean, “income” tax? Marks and not remarks are what the Allies want from Germany. We presume that the excess-prdltta tax is now a dead-letter. Boy, page the dodo. , ^ Our weekly short “pome”: — — The Jap Wants Yap. Money talks, all right, hut it isn’t on speaking terms with many of us at this writing. Kentucky find themselvei confronted^ with the most serious condition that hap existed since the War Between the States. Tobacco that sold for 25 and 35 tents a year ago only bringing 3 to 5 cents a pound this year. The system of marketing : -the auction system in some sections and the 1 private contract system in others—is blamed for the plight of the growers and it is urged that a tobacco ex- change^triTilS'r 'To^TFre'" cotton ' and grain exchanges, would solve the problem. If that be true, why is cot ton that sold for 40 cents in July last year, bringing only 8 or 10 cents now? The cotton plahter blames the J ex* changes amoiyg other _|hings, for the^blight, in which he finds himself, wherehs^the tobacco grower blames the lack of an exchange., The main thing needed is for the farmers to go on a strike and tell the non-producers to “go to.” / - NOTICE OF DISCHARGE. . Notice is hereby given that I will file my first and final account with Hon. John K. Snelling, Judge of Pro bate for Barnwell County ahd State of_South„ CAX0Jin8, as Executor-of the will of Martha Martin, deceased,jipon Wednesday; the 30th day of March, 1921, and will petition the Court for Ft ^ an order of discharge and letters dis- missory. ... ; . . /H. H. MARTIN, __ ~ • Executor. This 28th day of February, A. D. 1921. ‘ 3j3|4t. Autoists know that deflation is bad for tires. Everybody knows that it is bad for business. We hope Mr. Harding didn’t pick any lemons for his cabinet during his sojourn in Florida. The law is no respecter of persons and that lack of respect appears to be mutual so far as many persons are concerned. Lloyd George intimates that Ire land must remain a branch of the British Empire. Not, however, an olive branch.—Norfolk Virginian-Pi lot. Our impreesion is that Old Erin is a thorn. Most of the bumper crops of last /year having now passed from the ■ habds of the producer into those of the speculator by the process of “or derly deflation,” we may now expect an acute) shortage of all commodities. Patrick McLane, Democrat, of #• Scranton, Pa v representative from the Tenth Pennsylvania District, has been unseated by Congress and his - Republican opponent elected to his seat. By the way, what has been done about the Newberry case ? A short -time ago, a young bank - clerk of Ottawa, 111., was haled into court,charged with an attempt to steal about $200,000. Judge K. M. Landis, in releasing the youth on his own recognizance, stated from the bench that the bank officials were partly responsible for the theft because they paid their employe only $90 a month. Last week a 17- year old bank clerk, whose salary was only $65 a month, is.alleged to have stolen $772, 000 worth of liberty bonds from another bank. Should the responsibil. ' ity for this last crime be laid to the bank officials for underpaying their employes, or to Judge Landis for the statement he made? The statement of Treasurer J. B. Armstrong that many schools in the county may be forced to close before the end of the school year should make the friends of education “sit up and take, notice.” Due to the de plorable financial conditions, many tax-payers have been able to pay their taxes and the freasurer does not anticipate much revenue from this source until the Matter part of April. Great pressure was brought to bear upon the legislature to extend the time for payment of taxes, but if this extcns’on is-going to mean the closing of a single school the State will lose more than any one individual will gain. The trustees in some districts have already made arrangements to complete the term and it is to be hoped that similar plans can worked out in the other districts. be Gratitude. OPTICIAN Will Be With Me on TUESDAY and WED- NESDAY, MARCH ISth and 16th. W, D. GANTT, JEWELER. :~x-x-x~:~x~:-x-x-x"x~x-x~> ‘f -p it X . V .... . . , . - . • , . J .• or Lowest Prices on 16 per cent. Acid Phosphate, German Kainit, Nitrate of Soda, Cotton Seed Meal, Etc. ^4^ .4a Charter No. 11287. Reserve District No. 6. REPORT OF CONDITION OF THE FIRST NATIONAL BANK at^Bamwell, in the State of South Carolina, at the close of business on Feby. 21, 1921. . . RESOURCES. a Loans and discounts, including rediscounts^ s (except those shown in b find c) _ i_ ; _$348,375.25 — Total loans 348,375.25 Deduct: '' .. ' . ' - --- • ; ^ d Notes and bills, rediscountad with Fed eral Reserve Bank (other than bank_ • acceptances sold) (see Item 54a) $163,961.24 - 163,961.24 184,414.01 Overdrafts, secured, none; unsecu|-ed, $465.74 : _ 465.74 U. S. Government securities owned: a Deposited to secure circulation (U, S. bonds ' par valufe) _.,i .$50,000.00 d. Pledged as collateral for Stote or other deposits or bills payable 68,200.00 e. _ Loaned i , -—100.00~~ ■f: Owned and unpledged _yi. _ 1 ^00.00 187.50 84.00 > r*. 119,771.50 9. g. Premium on* U. S. bonds h War Savings Certificates and Thrift Stamps actually owned . - Total U. S. Government securities Stock of Federal Raserve Bank (60 per cent of subscription ...."Ti..'. 1,750.00 Value of banking house, owned and unincumbered.-I-..- b Equity in banking house 8,500.00 .8,500.00 . ><- Furniture and fixtures r 4,043.11 11. Lawful reserve with Federal Reserve Bank 6,277.99 13. Cash in vault and^net amounts due from national banks.4,978.44 14. Net amounts due from banks, bankers, and trust com panies in the United States (other than included in Items 11, 12, or 13) ’ g 'ISOJH) Total of Items 12, 13, 14, 15, and 16 5,098.44 17. Checks oh banks located outside of city or town of reporting bank and other cash items!_T.... iv_-> 212.51 18. Redemption fund with U. S’. Treasurer - and due from U. S. Treasurer ._. 2J)00.00 19. Interest earned but not eollctced—approximate MONEY TO LOAN Loans made same day application received. - - No Red Tape. HARLEY & BLATT, Attorneys-at-Law Barnwell, S. Advertise in The People. • ^ ^♦X-X-X-XX-X-XK-X-X-X-X-XXM-X-X-X-X^X-X-X-X-XK^-X-XN ! LONG TERM MONEY to LEND 6 per cent, interest on large amounts. Private funds for snjall loans. 'i LAWYERS BROWN & BUSH ^ BARNWELL. SOUTH CAROLINA.-^ .4^ .4a .4^ .a. .a. .4. .a. .a. .a. .a. In order to get the utmost enjoyment out of your car it must be kept in good running condition. --The motor needs occasional “tuning up” and annoying squeaks and rattles shouhLJbe elitni- nated. \ -on Notes and Bills Receivable not past due 500.00 ^TOTAL 1 $333,533.30 > x r LIABILITIES.. 21. CapitaL stock paid in $50,000.00 22. Surplus.fund - 23. a Undividefrxprofits - b. Less current expenses, interest, and t^ixes paid / 5,404.50 24. Interest and discount collected OT credited in in advance of maturity and not earned—(ap- -7,500.00 829.35 proximate) rr^._ 27. Circulating notes outstanding ... i: ^ 28. Amount due to Federal Reserve Bank (deferred credi 31. Certified checks outstanding 32. (’ashier’s checks on pwn bank oiitstapding Total of Items 28, 29. 30, 31, and 32!. 5,068.24 Demand deposits (other than bank dephnitM) —* subject to Reserve (deposits payable wit ' 30 days): 33. Individual deposits subject to check 37. m_vidends unpaid „ Total.of, demand deposits (other than _ !’ ar, k deposits) subject to Reserve, Items 33/ 34, 35, 36, 37^and — T,'. j'JT- 50,672.2 Time deposits subject to ReserveUlpayable after. 30 thiys, or subject to 30 days or more notice arid postal-S&vtngs) — - ■** 500.00 .50:000.00 5,577.31 194.93 196.00 .50,374.78 -297.50 '8 42 Other time deposits _• Total of tiriie deposits subject to reserve, Items 39, 40. 41, and 42.„„ 72,723.43 43. I'nited States deposits (other.than postal savings): 47. Bills payabler-other than with Federal Reserve * Bank (including all obligations representing money „ borrowed other than rediscounts : jXy Bilfs payable with Federal Reserve Bank : t . . 7^723.43 . 35.000.00 ...-60,340.00 $333,53^.30 Accord in jtto a dispatch from New York, unden-^late of Febuary 25th, “hob-nailed shoes of two hundred doughboy guards posted a! the Hotel Crillon, where the American peace commission had its headquarters in Paris, caused virtually all of the damage for which the owners charged the commission $125,870.82, the manager of the hotel, Henry Dequis, said here today.” Acting on the same principle, sup pose a Barnwell man's house caught on fire and he should rush out and call on his neighbors for assistance. They respond, but in their eagerness to subdue, the blare, a few rugs are damaged and a mirrotv is broken. Wouldn’t that man be justified , in sending his helpers a hill for two or three, times the arqpunt of damage done? “O Gratitude, what crimes are com mitted in thy name!” TOTAL - 54. a Liabilities for rediscountS with Federal \ Reserve Bank (see Item ld).._.__ .-163 961.24 Total contingent liabilitfes (54 a, h, c, and d) -(not 4 including ftefcis in'Schedule 23 of report 163,961.24 ' 55. “Of the total loans and discounts shown above/the amount on which in terest and discount was charged at rates in excess of those permitted by law, (Sec. 5197, Rev. Stat.), exclusive of notes upon which total charge not to ex- sfeed 50 cents was piade, w^s none. The number of such loans ,was none. L 8 * The amount of money loane<l ON CALL OR DEMANO/by this hank on bond aiid stock collateral, in New York City, including both loans made directly to borrowers and those through its New York correspondents, on the date of this report.was none. 67. The amount of rtioiiey loaned,ON TIME, by this bank on bond amf stock collateral, in New \ork Cityvi^cluding both loan^*made directly to borrowers and those through its New YrJrk corresporidents, on the date of this report was none. • ‘ 58. Aggregate amount of salaries or cotnpensation paid by this bank to Chairman of Board (if any). President. Vice presidents. Cashier, and As sistant Sashiers for month of'January, 1921. $525.fi©^Vnncal pay of all these officers at-January, 1921, rate of pay. $6,300336: number^ these officers on date ofrtljis report was 3. 59. Aggregate'^Blount .of salaries or compensation paid to a ployees of the hank-for month of January, 1921, none; Anriyal employees on basis oT the January, 1921, rate of pay, none; numbeer of the? employees oil date of this-report was none. 1 . : ^ Rtate of South Carolina, County of Barnwell, ss: tjher em- o’Nthese Considerable attention is given just now to, the plight fV , P- WJLSO|)I, Cashier of the above-named bank, do solemnly swear that the .above statement is true to the best of my knowledge and belief / - L. P. WILSON, Subscribed and sworn to before me this 1st day of March' 1921 ^ W. T. AYCOCK; ifnlaiy’Public. being CORRECT ATTEST: of the N. G. W. WALKER, 'I tobacco growers, a dispatch from QUcago stating that the people of 1 > . . E D. PEACOCK. B. B. EASTERLING. ... directors is in charge of Mr. White, an expert mechanic, who is ready and willing at all times to render efficient, courteous* service. _ nmngs Dealersjfor Studebaker cars and International Trucks PHONE^Q. 7&. . = ; ! SoutnCarolina T 7 f Y —'. IN THE GAM ^ You who have sporting blood and like a good clean game X —and what normal person does nol-have you tried the game of £ saving money? It is an old game aqfl a good one. Those who play regularly are very enthusiastic about it. Try it, if you are not already a player, and you’ll like it, too. And if you keep X at it, you will surely win. That is the beauty of this game : -all ^ who play regutarly and persistently are.bound to win. “ Come to see us and get in the game. -Capital Stock, $50,000.00 Servant; ♦> J. E/H4RLEY, Pres, N. G. W. WALKER, Vice-Pres. ^S. R MOORE, Vice-Pres/'^L- P- WILSON, Cashiei RALPH SMITH, Asst. Ca*hier 4 if. X^^X^X^’X^’X^X**.* xv -t-arp .. : ' ■- iii-, ■ fir r< ’ - - .cl".—. ^ -k-