The Horry herald. (Conway, S.C.) 1886-1923, September 15, 1921, Image 8
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GOV. SELLS
SECURITIES
Equipment Trust Certificates
Disposed of With President's
Approval
"Washington, I). C.?Sales at par
and accrued interest of ?7,500,000 par
value of railroad equipment trust
certificates held by the government,
with the approval of President Harding,
was announced by Director Cicneral
of Railroads Davis.
The certificates were bought nv
Kuhn, Loeb and Co., of New York,
xl 1_ -1 tti n- '
mrougn me war finance -ttion,
which handler the sale for the
railroad administration.
The equipment trust certificates,
the corporation said, benv su,eie>'. a.,
4> per cent per annum and mature serially
from 1928 to 192:"), inclusive.
The securities sold were in equal
amounts of $1,500,000 of the following
railroads: Atchison, Topeka and
Santa Pe; Chicago, Burlington and
Quincy; Norfolk and Western; Central
Railroad Company of New Jersey
and Southern Pacific Company.
Plans to Sell More.
Sale of these certificates, it was
explained at the treasury, was the
first of a series, as the administration
is planning to market blocks of
as many of the $380,000,000 wortn
of car trust securities held by tho
government as cai. b?- .Ilsnosed of at
par.
Funds realized from these transactions,
it was said, would be turned
over to the railroad administration
for the benefit of the railr >ads.
This m?thod of raising the money for
railroad reJief, high treasurv offi
cials declared, would lesson the
amount the War Financc Corporation
,would bo called upon to supply.
IT congress passes the railroad funding
bill. by a sum eouival?nt to th.it
received from sales of car trust certificates.
and at the same time would
permit the settlement of railroad
claims to continue pending congressional
action.
All sales, it was emphasized,
"would be without any form of government
guarantee of liability, the
government regarding itself ns no*
a party to the transactions beyond
making the actual transfers.
Early settlement of railroad claims
in tbo oninion of" treasury officials,
should be expected to react favorably
on the unemployment and business
situation throughout the country,
it being asserted that the roads
could do more business and employ
more men.
I)T
ULiiAlUl-VU JL JL IT ASHIP
AGENTS
Parents Admitted'and Children1
Sent Back in Some In
stances, Says Report
New York.?Hardships worked by i
the new restrictive immigration laws
apparently are the fault of dishonest
steamship agents, declared President
Harding in a letter to Representative
Siegel of New York, made
public here.
Mr. Siegel who is a- member of th<
House committee on immigration, and
naturalization recently wrote the
President seeking executive int vvv.tion
in enforcemnt of immigration
laws?an enforcement which the representative
declared was resulting in
parents being admitted and their children
sent back because they happened
to arrive after the count'. '' . admittance
quota had been filled.
In his reply Mr. Harding said:
"I haven't any doubt in the world
hut the enforcement of the inr- ' "
tion laws is working many a hardship.
My own distress has been
very great over some of the specifie
instances which have been reported
to me.
"1 ] 1 have the situation correctly
presented, the difficulty must be
charged to the dishonest steamship
agents who have brought to this
rmintrv innocent immigrants in spite
of our continued warnings during a
period of very great leniency. I
know how vory persistent have been
the impositions which have been
made on the government agents who
havo been disposed to he sympathetic
and more than generous in carrying
out the law."
o
MORTGAGEE SALE.
Under and by virtue of a Bill of
Sale in the nature of a Chattel
Mortgage, executed and delivered In
.J. T. Allen to Mrs. M. J. Seals
dated January 21st, 1921 and transferred
to H. H. Woodward; I hav<
seized and will sol1 in front of the
Town Hall at Conway in Horry Coun
ty, at twelve o'clock noon on th<
17th day of September A. D. 1921
the following personal property
/lAvofoH Kvr ani/l mni'ltriiiro t ft wit*
WTV&VM /,? ....x. vv ' 'v.
One (1) black nor so mule ahou
'Fix years old, known as the Gar
field Grainier mule, and being th<
flame mule sold to J. T. Allen by th<
said Mrs. M. J. Seals on or abou
January 21st, 1921; said mortgag
having been piven to secure the pur
chase money thereof.
Terms of sale Cash before de
livery of the property.
Datefl September 2nd. 1921.
J. A. LEWIS, A gen
? of mortpratfoe.
? o
ouirklv relieves Constipation
BMIiousness. Loss o' Appetite an
Headache, due to Torpid Liver.?ad<
o
Irish Peat Deposits.
British scientists have estl-am^
that Ireland conta irs more ttinu 4.000
6WMHK) tons of pent, sufficient to sur
ply the Island's requirements for fu?
mud wwver more than 230 renrs.
Ik
I4' *
'I I I .
KODAK FINISHING.
Our improved mechanical devices
enable us to give you the quickest
possible service. There is none
quicker. Our prices and work are
just right. Send us your future business.
Hamilton's Studio, Florence,
S. C. lti.
o
SPECIAL ELECTION NOTICE
Public notice is hereby given that
the Town's books of registration will
be open at the office of L. H. Burvo??gh:i
Registrar until October 4th,
1021 for the purpose of registering
all clligiblc voters who did not register
for the last regular town election;
the object of which will be
the special election to be held on
October 11, 1921 for the purpose of
electing two members of the Board
of Public Works.
The managers of this election will
he Chas. Dusenbury, A. H. Long and
Clarence J. Sessions. Polls to open
at the Town Hall at 8 A. M., and
close at l P. M.
r tl-- ^1
liv orders 01 me iu?u
C." H. SNIDER, Clork.
L. I). M.AGRATH,
Mayor.
9 15 21-oti.
o
Bank No. 399.
Statement of the Condition of the
BANK OF AYNOR*
Located at Aynor, S. (\ at the Close
of business September <>th. 1921.
RESOURCES.
iLoans and Discounts $70,950.05
Overdrafts 96.50
Furniture and Fixtures 1,000.00
Due from Banks and
Bankers 34,145.35
Currency 4,998.00
Gold 20.00
Silver and Other Minor
Coin 480,51
Checks and Cash Items 2.60
TOT AI $111.093.01
' * 4 T-k * r mil T7i O
I.IAIll I . J 1 I I..O.
Capital Stock Paid In $15,625.00
Undivided Profits, loss Current
Expenses and Taxes
Paid . 2,556.82
Individual Deposits
subject to ch'k..$(59,531.72
Time Certificates
of deposit 22,874.65
Certified Checks 181.35
Cashier's Checks.... 923.47 93,511.19
TOTAL $111,693.01
'
State of South Cawolina, County of
Horry, ss.
Before me came R. N. Johnson,
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
1 v the books of said bank.
R. N. JOHNSON
Sworn to and subscribed before
n\o this 12th day of September, 1921.
Nettie L. Weber,
Notary Public.
Correct Attest:
C. R. PAGE,
S. J. LEWIS,
L. U. HAGOOD,
Directors.
o
MARKETS !
Fruits and Vegetables.
Shipments of white potates increased
to *b2 cars the past week.
* l which Colorado shipped 212 cars.
jcit\ market supplies'liberal in New
! Vork, heavy in pittsburg, moderate|
in other markets. New Jersey
I Giants up 10c in New Vork at $2.1.3
lie S2.25 sucked i>er 100 lbs.
Cabbage shipments increasing
slowlj. Northern Danish steady in
St. Louis at $00 per ton bulk.
Applo shipments increascing; markets
well supplied; demand moderate
for good stock.
Kastern yellow onions steady at
j $3.50 f. o. b. shipping points; $3.5(J
to $4 in most city markets; in Philadelphia
$4.50 to $4.7."). Middlewestern
yellow Globes steady to firm a'.
I $3.2r? to $3.75 in middlewestern
'.cities.
Feed.
Demand for feeds improving slowly
in many sections. Cottonseed
meal prices continued to advance
. now quoted about $2.50 per toi
higher than week ago.
Live Stock and Meats.
With the exception of sheep am
lambs, the trend of Chicago's liv<
stock prices was downward durim
the past week. Net declines on hog;
ranged from 15c to 35c per 100 lbs.
heavy hogs declining most. Bee
I steers steady to 25c lower; butche
, cows lost 15c; heifers steady.
With the exception of pork loin?
' the course of eastern wholesale fresl
, meat prices was irregular. Bee
k steady to $1 higher; veal geenrail
$1 to $2 lower, lamb and mutto
3 averaged steady to $1 higher, wit
medium grade mutton $2 lower a
! some markets.
Dairy Products.
I Butter markets firm; prices no>
uiling 1 to 1 l-2c higher than a wee
/if f n>\r>\r nrnnrls VPF
(l^O. \J I 1 I U 1 IUilV,l .
'I scarce.
, Grain.
^ For the week Chicago Decembf
' wheat down l-4c closing at $1.29 1-8
December corn up l-8c at 54 l-4<
Cotton.
Spot Cotton prices advanced aboi
53 points during the week, c'osln
. around' 19.72c per lb. New Yor
October futures declined 31 point
closing at 19.72c.
o
d Worth-While Americans.
Americanism is loyalty to America
institutions and the only loyalt
whieh is worth while Is a loyalt
which expresses itself In service nn
it sacrifice. There Is great need to r
member that the quality of our ei1
> zenshlp is determined hy the (pinHi
>1 of the chnmeter of citizens.?Prom tl
Churchman.
THE HORRY HERALD. 003
- L_ P
.'Twwmnt eewTsl
AT ^ST BE one
W^PSSIII a THESE BIRDS WH
"^pSia PUTS ALL MIS COIN
J I i IN THE SAVINGS &A<
{ I 1 AND THRIFT STAMP
HARDING DECLARES THAT [
ECONOMY IS IMPERATIVE
Pleasure Is Expressed By President
Over Large Investments Made In
Savings Securities.
. Declaring that '^nothing could be
truer than that In the present economic
state of the world it is necessary
not only for the people to teach,
out to practice economy in expenditures
and sound methods in investment
of their savings," Warren G.
Harding, President of the United
States, has exprosed personal pleasure
over large investments which are being
made by the people of the United
States in Treasury Savings Securities,
which are the 25 cent Thrift Sta,nip,
$1 Treasury Savings Stamp, $5 Goveminent
Savings Stamp and $25, $100
and *$1000 Registered Treasury Savings
Certificates.
For the benefit of the people of the
United States the Treasury Department
makes all Government Savings
Securities, ranging in denomination
from 25 cents to $1000, available to the
public at or through any post ollice.
The records of the Treasury Departmont
show that, the $25 and $100 Registered
Treasury Savings Certificate
are sought as investments by an increasing
number of savers. During ^
THE UNI V!
Third Pi
IN FORD PI
Effective Sept
r^?i
nam
i Touring $355.00
Runabout 325.00
I Chassis 295.00
1 Truck 445.00
j F. O. B. DETl
f
! The Ford Motor Co
age of every known econo
y its products, so that they n
U at the lowest possible pricc
! a valuable contribution tc
and bringing us in to more
^ duction is made in the Fc
y *
I contemplated.
1 p- \\
c vju over mese pric
become the owner of a Fo
r you really afford to do w
k
y
5 CONW>
i- Authorized
ry
#?
;ie
??????
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I WAY. S. S? SEPT. IS. 1021
(^tt^ Thethe
last few years the people of the
United States have saved for themselves
in Government Saviugs Securities
an amount equal to the cost of
digfing the Panama Canal, the greatest
ditch in.the world.
I nil?III I II 1111 II !! !
j FRENCH THRIFT
France is making a wonderful recovery.
Out of 1,400 miles of railway destroyed
in the war, more than 90 per
cent have already been replaced.
Of the 550.000 houses destroyed,
some 160.000 have been renlaned or
repaired.
More than one-half of the 1,986 fac
tories destroyed are now re-established
and producing.
In every line of activity the French
nave demonstrated wonderful recuperative
powers.
What is the reason?
There is no question as to the answer:
it is thrift?not only thrift itsel
but the 'HABIT of thrift which is an
immeasurably bigger thing.
France belongs to its people. In a
population of 40.000.000 some 12,000,000
are householders of whom 9,000,000
own their own homes. Nearly one-hall
the area of France is under cultivation
and there are few landhogft.
I RSAL CAR
rice Cut
RODUCTS
2nd, 1921.
Starter
Touring $425.00
Runabout 395.00
Couoelet 595.00
Sedan 660.00
WIT, MICH.
mpany is taking Advantmy
in the manufacture of
lay be given to the public
This step we believe is
wards adjusting business
prosperous times. No re>rdson
tractor and none is
es, see how little it costs to
i r? " i . i
ra car or rora truck. ^.an
ithout one any longer?
Buck
\Y, S. C.
Dealer
,.f ?
V ,
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TAKE OVER <
VAST ESTATE
Paris,?Negotiations were completed
in Paris yesterday whereby tij 1
vast estate of Archduke Frederick j
of Austria, and his son* Archduke 5
Albrecht? estimated to be worth \
more than $200,000,000?were taW?m j
over by an American syndicate which j
includes Charles H. Sabin, J. Leonard (
Replocrie, Frank A. Munsey, Thomas f
J. Felder, and other prominent ]
American business men. z (
The transaction concerns the vast j
lpnd and industrial holdings of the (
Hapburg family, distributed through- ,
out Austria, Czecho-Slavia, Poland, <
Rumania and Italy. They include the .
great steel works and mines in Tes- ,
Ichcn, which are partly in Czecho|
Slavia, and partly in Poland. The j
estimate comprises numerous other .
.industries, including the dairies whihr .
formerly furnished most of the Vi- j
enna supply of milk and butter,
sugar plantation, factories. Polices (
and other private properties in Vi- (
enna, castles in various parts of the
continent, about 1,000,000 acres of j
agricultural and forest lands scat- .
tered over several < countries and the ,
remarkable Albertina Museum in Vi (
enna. which is said to contain nearly ^
1,000,000 works of art . i
o
Acting Natural
We ar? fold we should a**t nnriral
nn<l do natural tilings. An Atehlson
man says he started out to do things
tlint seemed natural to 1dm, hut that
he :anded in the penitentiary.?Atchison
(J lobe.
fl m?m?MBMBHi?MM
j The Horry
Sch
j^YINTO"
a Begins ninth scsi
I New Brick Building bei
| Community. Deep Well
I Faculty. Sixth year unde
i! dividual attention to needs
| High School through el
I First class Business Dep
| Board arranged for out
| Auto Bus Line and R. 1
I Rev. S. C. M
|
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/
I ANNOUH
My R<
Fall Milline
Wil
Thursday s
Sept. 221
When I will have on displ
attractive line of Pattern
shown in Conway, includ
f that
were shown in the F
All of the ladies of Conw
dially invited to attend. \
of ladies' Dresses, Coat Si
from the Factory. Cloal<
and invite you to examine
material before buying els
My Millinery Openi
Friday, Sept. 23, 1921* in
Respectf
THESPJ
%
3rd. Ave. - mm*
\ * 1
CONGRATULATED
FOR GOOD WORK
Postipistress Ella Todd at Hand,
las received a letter commending her
ictivity in the sale of Government v <
Savings Securities recently from
toward T. Cree, director of the Savngs
Division of the Treeasury Dejartment
in ^his district. "Your
)ffiee >is one where exceptionally
jood work has been done during the
ast six months in the sale of Government
Savings Securities," the
etter stated; and goes on to say "by
jncouraging people to save money
i'ou have helped to create the new
capital necessary for business expansion
and commercial development."
The postmaster is in line for a
place on the honor roll of those who
are rendering special service in the
popularizing of Government Securities,
which is to be made up by
t> j- tivri-v* "evwi
i ich.-sui y uuiciuin in cut: i- 111,11 i-cusral
Reserve District the latter part
of the year and sent to Washington.
She is anxious to win one of > the
bronze honor pins to be awarded at
that time, and is calling on the patrons
of her office to help her place
enough Government Savings Securities
in the next three months to gain
this recognition.
0
That's All the Difference.
A traveler complains because
what lie encounters in his travels Is
not what he Ss accustomed to at home,
while a sophist I en ted Klobe-trotter enJoys
it because it Isn't.
Industrial
ool
R. S-C. I
sion Sept. 21 st. I
mg completed. Healthful I
Water. College trained I
r same management. In- I
of Students. I ^
eventh grade. I
artment. I
of town Students. I
R. service to Conway. 1
orris, Pres. I
- ..
iimriiT I
utmtrti
;gular
ry Opening
/ be
itvd Friday
.23,1921
- - - *1 4 - I ? J
ay uie iuusi up-io-uaic auu
Hats that has ever been I
ling twelve of the patterns I
ashion Show in Baltimore. I
ay and the country are cor- I
^e also have a real nice line I
nits and Coats. All fresh I
:s for Misses and Children, I
: our Goods as to price and I
ewhere. I \
ing at Loris, S. C., will be I
the store with Gore Bros, ' 1
ully yours, I
IRKS CO.
- Conway, S. C. I
s