The Horry herald. (Conway, S.C.) 1886-1923, September 15, 1921, Image 4
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K.
fae gcttj Jtmld
CQNWAY, S. C.
flawed at the Post Office at Conway,
. S. C? an second class mail matter.
H. H. WOODWARD, Editor.
MMiihed Every Thursday Morning
by Conway Publishing Co.
i
< SUBSCRIPTION PRICE:
Oae Copy, One Year $2.00
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. Payable in Advance.
?t? TELEPHONE
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U The Horry Herald, or H. H. Woodward,
Conway, S. C.
THURSDAY SEPT. 15, 1921.
THE ENDORSING HABIT.
i The practice of endorsing the note
of the other fellow to permit him
to be able to buy things he can do
without, is one of the worst things
men have ever done. It is baj
enough when the note is endorsed
to keep a man out of jail, or to let
\ him semi his wife or other relative
to the hospital. There is a further
reason behind this later kind of
^endorsement, the fact that the one
who endorses would be willing to donate
the amount of the note rather
than see his friend fail to obtain the j
benefits he must have. But in the
other instance, such as the kind '
where a man endorses the note of
another to buy an automobile, or a
victrola, to take a Summer vacation,'
or build him a new house, it is extremely
bad business for both sides
in the matter.
Many a man has failed to get up
early and do a good days work just
because he had just obtained the
name of a good friend on the back
~ if l- i 1 1
ui ?* nuie. many nave oeen reduced
from circumstances of plenty down
to the lowest stage of poverty just
because their friends stood ready to
endorse notes for them. We are
talking now of the effect upon the
one who gets the note endorsed and
not the man whose credit is pledged
on the hack of the paper. But before
we close this paragraph it is
just as well to mention the fact that
results have been just as bad for
the man who pledged his credit. For
he has seen his property take wings
and fly away, his credit ruined, his
good business in bankruptcy, and his
former friends become his enemies.
Usually one man endorses for another
because he has not sufficient
backbone to refuse the request. Some
say they will not endorse. When the
best friend comes over and tolls his
pitiful story of hard luck and that
he may have to go to tho jail if he
does not get some money, the resolution
weakens. He does not want
to sign the note but bo hates to re
luse so much that finally his name
goes down on the scrap of paper,'
and many, many times it is not long
before his bank account goes with
it.
The business of obtaining money
by endorsements is bad for both
sides. It is not good business. It
has ruined more families and made
more enemies than perhaps any
other small thing. Now that the
war has come and gone, there are
examples of this coming to light
every day. Men who thought they
were worth thousands are not actually
worth hundreds when they pay
up the notes they endorsed while
times were so inflated. Good men
who were always good on their obligations
are actually sued on small
notes these days. It has been
brought about mostly by the plan of
endorsing a note.
In nine cases out of every ten
the man who wishes to obtain an
endorsement does not actually need
the money. He makes out that ho
does and makes the other believe it.
He preaches about the ability he
has to meet the note when due. The
man who pledges his good credit
feels that he is doing a groat thing
when he finally writes down his
signature; but the awakening i.v
bound to come later. J
Some business men have been
stuck a time or two on such things
as these and then took care that they
would endorse no more notes. This
plan has saved some men from the
poorhouse.
It l.-J niullv Itud l\u<inaQc fni- linHi
Fides as we have said. What need
for a man to tiy to work hard and
become thriftv when all he has to
do is to ask some of his numerous
friends to endorse his note. It is
better to make the men depend upon
his own efforts in saving and using
monpy. In this way many a man ha3
become a hard working useful citizen
when his friends happened to
CAt /Inu/n V?im or*/I v/ifit nn/J 4 ^ K /-* 1
ivv \iv ff II vii III III UllVi I VIUOCU l\/
liim out any further in such ways.
Tho.se who have endorsed notes for
others have always found it impossible
to control the way the money
was spent. Men ask for endorsements
and obtain the money on the
notes and then they spend it for entirely
different objects from those
they said they wanted it for. The
practice is one that has dropped. oXf
ouite recently to a preat extent and
it is better for the community that
it has dropped off.
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Just as soon as the price of cotton.
that is beinpr held in reserve,
jroes up a little, it will be a preat
mistake to place it on the market
too rapidly. This will brinp: the
price down again and perhaps to
stay down. Fanners must use #ood
judfnrient now or they will lose out
worse than ever.
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It was predicted some months ago
thai .the urice. of Cfltlmu jmould be
better in tl^e Fall, and the prediction
has already come xfrue.'
o
On every farm in this county there
is found a need of more buildings.
Only a few of our tobacco farmers
have packing houses to take care of
tho tobacco crop.
o
Tobacco is bound to become the
master money crop of Horry Coun^
ty. Those who have capital to in?-;
vest could not do any better thaA:
to place the money in the needed
buildings here to take 'care of the
crop from year to year.
o
Time that is lost about the farm
would make a man rich if used in
the right way. There is entirely
too much time used up in running
about from one place in the neighborhood
to another, in going to town
lor unnecessary things, and talking
to others who happen to be passing
by. The farmer must have his time
all taken up if he would succeed,
and he must refuse to allow timekillers
to bother him.
o
NEW BARBER SHOP.
Causey Brothers, the first of this
week, opened a barber shop in rear
of the town hall, after the installation
of the city water and other modern
conveniences. The shop is in a
good condition.
Mr. A. B. Causey conducted a
nice shop at Myrtle Beach hotel during
the Summer season.
4()W"TAXMONEY
IS BEING SPENT
! Interest on Pubiic debt Rfiaches
Bi'!ion Dollar
Mark
Grumbling as he pays his income
tax and irritated by the extra cent
or two which he pushes across the bar
at the soda fountain. Mr. Average
Citizen occasionally feels the pinch of
Federal taxation, talks it over with
his neighbor, and decides that an awful
lot of money is needed to keep
the government running, but seldom
realizes where all the dollars that
Uncle Sam gathers into his Treasury
Secretary of the Treasury Mellon,
in his first estimate of the cost of
operating the government, figures
that about four and a half billion
dollars would be required to keep '
the official wheels of the nation revolving
during the present fiscal year.
The Secretary told Congress how
much the government needed, showed
neat rows of figures to prove his deduction,
and then the House proceeded
to slice there and trim here in nc
cordance with their own ideas of hov
much money Uncle Sam could get
along with?or without.
Department estimates of expenses
are being; given the careful "once
|over" nowadays under the suspicious
eye of Charlie Dav.es. oflicial watchl
r i-l LI!. m..~ 1.,,( Uii I
(lOjr () I I [1C f ) II I)! K" I I I': I111 \ , I I U I i ?u - |
reau chiefs?those who decide how
much they need to keep things going
?are set in their way? and hard to
budge. The effects of the war, when
the personnel of many departments i?>
creased enormously, are still felt; and
although efforts have been made to
return to normal working conditions,
it. is improbable that the comparatively
cheaply operated government of
pre-war days will ever he restored.
Hillion Required for Interest
The biergest single item in Secretary
MeMor.'s list of estimated expenditures
for this fiscal year in the
interest on the public debt, which is
pJaced at almost a billion dollars, or
imnvlv one fourth of the total require-1
ments of the government.
There is to he it is estimated , an
expenditure of $545,206,204 to the
railroads, under the Transportation
act of 1020. and $651,354,865 for the
retirement of the public debt, as required
by law. The debt payments include:
Sinkincr fund. $265,754,865:
War Savings Securities, $100,000,000;
miscellaneous debt redemptions. $100,0000;
Purchase of Liberty Bonds from
foreign repayments $30.500.000;. redemptions
of bonds and potes from
estate taxes, $25,000,000; rtirement of
Pittman act certificates, $70 000 000:
retirement from T<\ R. B. franchise tax
receipts, $60,000,000.
Some other Spenders.
The legislative branch of the government
estimates that it will need
,$17,213,813 during; the present year.
' while the executive department will
J get less than two millions, its expenses
being estimated at $1,897,751.
The estimates list their require!
ments as follows:
| State Department, $10 344.000: Department
of justice $17,000,000: Post
Offiee Department $2 2000.00. Interior
Department inHudine pensions and
Indian claims. $322,000,000; Department
of Agriculture, $123,000 000: Denm-tmont
P Pnm (YIPIW. $10,023,000;
Department of Labor. $5,252,887; inidependent
offices, $13,484,510; District
of Columbia. $22,187,603; misicellaneous.
$02,500,000; postal deficiency.
$00,000,000; Bureau of War
|Risk Insurance, $280,000,000; Public
Health Service $47,000,000; collecting
revenue, $53,110,130; all other
.Treasury departments, $09,457,705;
Federal Board for Vocational Education,
$152,055,184; Panama Canal,
$10,000,000.
o
Condemned.
Well, we are all condamnes as Victor
Hugo says; we are all under sen
fence of death, but with a sort of In
definite reprieve . . . we have an Intervnl,
and tlu?n our place knows us
no more. Some spend this Interni'
In llstleKsness. some In high passions,
the wisest, at least among 'the children
of this world.' In art and song."?
Walter Pater, in The Renaissunce.
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BE HOMY HE1ALP, OOMWAY
COTTON PhlCE ,
GOES UPWARDt
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Farmers Advised to Keep Their
Cotton off The Mar- .
ket *
' The much talked of Report
was" issUfed 'by' the Department of
Agriculture on Tuesday, September
1st, and proved to'be sensationally
low, 4 The condition as of August 25,
was given as 49.3, indicating a crop
of approximately 7,0?t),000 bales,
which was slightly below what the
trade expected. All teotton markets
advanced rapidly following publication
of the report, and futures went
to new high levels for the season.
The indicated yield for the various
states follows:
Condition Estimated Yield
Virginia 63.0 11,000 bale.*
North C. 62.0 523,000 bales
South C. 50.0 744,000 bales
Geeorgia 41.0 827.000 bales
Florida 59.0 16,000 bales
Alabama 53.0 472,000 bales
Mississinni 57.0 679.000 bales
Texas, * * 42.0 1,938,000 bales
Louisiana 45.0 244,000 bales
Arkansas 63.0 729,000 bales
Tennessee 74.0 235,000 bales
Missouri 78.0 50,000 bale*
Oklahoma 48.0 474,000 bales
California 83.0 75,000 bales
Arizona 85.0 47,000 bales
Ml others 85.0
The condition declined over 15
points during the month, and the
anticipated yield is over 1,000,000
bales less than last month's report
indicated.
There may be reactions from time
to time, but the general trend of
prices should be upward. The demand
is good, especially at the ports,
where there are many foreign and
American buyers in the market.
Those who wish to sell their cotton
would probably do well to consign i:
to some good factor and get the advantage
of any * advance while the
cotton is en route. Those who wish
to hold can borrow reasonable
amounts from their factors and keep
tUni*. rtff fli/i mnrlrpt.
VllLll VV/VWVII VIA VIIV ?!!%?
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Bank No. 456
Statement of The Condition of The
FARMERS BANK
Located at Loris, S. C.v at the close
of business September 6th, 1921.
RESOURCES
Loans and Discounts $149,462.52
Overdrafts 1,383.34
Furniture and Fixtures 5,044.51
Due from Banks
and Bankers 14,759.04
Currency 5,924.00
Gold .t 57.50
Silver and Other Minor
Coin - 355.69
Checks and Cash Items 864.66
Other Resources, viz:
Undivided Profits 2,130.79
Liberty Bonds * 500.00
TOTAL $180,482.05
LIABILITIES
Capital Stock iJaiti In $ 10,000.00 \
Surplus Fund 4,000.00 J
Dividends Unpaid- b00,00 /
Individual Deposits . /
subject to Ch'k $91,777.06
Time Certificates
of Deposit ....... 44,989.98
Cashier's Checks 3,915.01 140,682.05
Bills Payable, including Certificates
for Money Borrowed
" 25,000.00
TOTAL $180,482.05
STATE OF SOUTH CAROLINA,
County of Horry, ss
Before me came Chas. D. Prince,
Cashier of the above named bank,
who, being duly sworn, says that
the above and foregoing statement
is a true condition of said bank, as
shown* by the books of said bank.
CHAS. D. PRINQE.
Sworn to and subscribed before mc
this 13th day of September, 1921.
J. f. Ml UK MA IN,
Notary Public.
Correct Attest
A. F. CANNON,
DAN W. HARDWICK,
O. E. HICKMAN,
Directors.
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NOTICE.
Notice is hereby Riven that ths
period of compulsory school attendance
in the Conway No. 19 school
district will begin on October 16th,
1921, for the period of four months,
or the length of the term, if less
than four months, under the provisions
of th6 act of the General Assembly
of South Carolina approved
the 12th day of April; and that the ji
provisions of said act will be carried |
; out as to all those who fail to comply
therein.
Dated September 14th. 1921. '
Board of Trustees, School Dis ,
trict No. 19.
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NOTICE
The undersigned, Harry G. Cushman
and John E. Coles, hereby give
notice to all whom it may concern, in
accordance with the act approved
March 3rd, A. D. 1920; that, desiring
to form a corporation to be known as
Conway Motor Car Co.; they, will, on
or after the 19th day of September,
A. D. 1921, file with the Secretary of
- . ? . ? ? ?yi ii
State, of the state 01 oouin varoiiim.
their written declaration i\ a?* required
by law; and that they will thereafter
in other respects proceed to carry out
their intention' and organization as
aforesaid.
Dated September 14th, 1921.
(Sfcd.) Harry G.' Cushman,
> Jphu E.,pol*s.
9|i5|2i it: 1 " #T ?
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All Tninga Retulta o# Growth.
Life is not a pioduct, bill a growth,
und graces ure fruits and not the gutput
of a factory. The soul Is not
*nade perfect at a bound.?Kxohange.
g. 8., SEPT. 15, lMl.
Kemelgrit is as good as ever m
emoving dirt and grime. Try a
ackage of it today and iget rid oft
and cleaning troubles.?Advertls^-'
nent
"Only Ten
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Our Sale is proving!
ever witnessed in Horry <
iOur store packed to
has literally captured the
We're making new
This gigantic, Magi
its kind ever held in this c
tidings among their frienc
by the arm and bringing I
It's hard to be calm T
Some time ago whei
on all kinds of Dry Good
over nine hundred points,
per yard, and every indici
dise.
We are going to giv
make until
Our Sale
Join the big crowd ai
you ordinarily pay.
500 yds Good Sheeting,
900 yds Good LL Sheeti
600 yds Good Sheeting,
900 yds Good Dress Gin<
800 yds Good Apron Gi
900 yds Good Shirting C
One lot Men's Chambra}
OlIP lot lVIpn'e PUa?r.U ?.
.Vk ITIVII O \^Iiai)lUICl
One lot of Men's Blue C
One lot of Men's Blue C
One lot of Boys' Overall
Coats 1 50-yard Spool T1
PRi
Hot
Harves
f"
{ McCORMACK Verti<
Mi
The McCormack M
they still stand at the head
will be higher next year, <
Remember also that
Drills, Cane Mills and E
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ana v mean two-horse FU
chincry. Come and see
FARNf
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LOST, on 8trMtovo( C(|QWAy$(?w
iWfyB flffofortfe cameo Drooch,set with
pearls. Suitable reward for return to
law offices of T*,B. Lewis. Conwaiy, S.
C.?Advertisement. 0|8 3t.,
More Days
Of Big I
to be the most sensational and
County.
the limit, crowded to a point
community by storm.
selling history. We're making
netic Sale is proving to be the
ommunity. Proudful purchc
Is and neighbors, and they're {
them to the fountain of thrift.
lA/kpn rtaiire ? n/?U - ?
xiivii uvvvo ui tutu vnai iiupur
a the market was at the bettor
Is, and since that time the cotl
and cotton goods have advan<
ition points to i ncreased prices
e our customers the full benef
Closes on
nd take a few of these bargair
about 10c value, for
ng, about 15c value,, for
about 20c value, for
gham, about 20c value, for....
ngram, about I 8c value, for ...
hambray, 20c value, for
/ Work Shirts
y Work Shirts
)veralls
)veralls
s
iread, all sizes, ...
INCE BR<
Gurlcy S. C.
i _
v Shall
t the Hay
can
. p,isl
cal Lift MOWING MAC
<\CK Self-Dump HAY RA
ower was the f irst solution tc
I. Don't neg lect saving all;
and you. can no t afford to try *
we carry a full line Disc Hai
Evaporators, Fe ed Mills, Sect
>ws. We car ry a full line c
our line and g et prices.
IMPLEME
Conway, S. C
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has more Mtattons than any ;
other Fever Tonic oil the market, but
no one wants imitations.?adv.
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Bargains."
I daring prite slaughter
of congestion. This sale
I hundreds happy.
k .?^--1 t
; uiuai auttCSbllll 6YC111 OT
isers are spreading glad
grabbing their best friends
tance is to be told,
n, we bought very heavy
:on market has advanced
ced from two to six%cents
on all grades of merchan/
it of every good buy we
the 9fUh
tliv faVllli
is at 10 to 40'"' less than
: 5c v
9c
12c
12c
12c
13c
?48c
74c
78c
98c
--48c 1
5c 8 *
3S.
We
Crop?
/ith the boll-weevil deling
the cotton crop, it is
i essential now than ever
i
we devote more time and
ition to the growing and
ng of feed crops. This
be economically accomled
by the use of the
:HINE and McCORKE.
> this great problem and
your hay this season. Hay
ind farm and buy hay.
rrows, Stalk Cutters, Seed
mn u ru
vii * iuiiv/tt yuaiiaiiu^a
>f repairs for all our ma.
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NT CO.
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