The Horry herald. (Conway, S.C.) 1886-1923, January 11, 1923, Image 8
GERMANY FACES
WINTER RUINS
Hunger and Cold Will. Drive
People to Desperate
Straits
ONLY FEW~~?AN EXIST
-"Privations May Cause Failure
to Pay Big War Indemnities
Berlin.?Germany is trembling: on
the threshold of another winter. With
lier crop far below that of Last year
-and the purchasing1 power of her currency
constantly depreciating:, the
jfreate*?t percentage of the population
uncfuestionably facing the toughest
"winter they have been througTi since
fhf* 11 fnvnir* nr "Sfc/'Uv.iiohnn"
'winter of 1917-18.
Aside from that of reparations,
there is no question which passes the
t lips of millions of people every day
?hat does not express this thought:
"'How will we pet through the winTtor?*'
Food, fuel and clothing are
rither scarce or so exorbitant in price
that the masses cannot buy them.
Johann Wutzlhofer, Bavarian Minister
of Food and Agriculture, who is
waid te be the best expert on food
conditions throughout the Reicht, told
The World even in Bavaria where
Uhere is naturally a far greater abundance
of food supplies than in northern
Germany, nothing causes greater
worry to the population than the
question: "How will we get through
this winter?"
"Food Only One Problem
White it is generaly assumed it is I
the scarcity of food which is causing
most worry in Germany, Hen* Wutzlhofer
explained:
Theoretically the German people
vfan be provided witn sufficient food
mis winter. liut the most difficult
problem facing the Government and
^people is the question of how the con"
xtantly depreciating- purchasing pt>\ver
of the mark can be raised. Speedy
devaluation prohibits all further Imports
of the most essential necessities.
'What little comes into the country is
*o exorbitant in price that only the
'"fiouveau riche' can afford it.
"Practical help could only come
. from the Government direct. But the
duar.antee Commission no longer permits
the lleicht to spend large sums
^For the reduction of food prices. Even
iif this obstacle could be overcome it
would be impossible for the Government
to raise sufficient means aside
*from those needed for reparations,
clearing house and occupation armies,
~to protect the ever increasing1 number
-of millions of people from famine and
"tr.isery.
.Should Curb Foreigners.
"There is the crucial question of
-fuol. Here actual scarcity can be
spoken of, for whatever insignificant
f i - i
l! "Well! ?
Strong!" |
i * Mrs. Anna Clover, of R. F. D. M
2 5, Winfield, Kans., says: M1 H
j began to suffer some months fcj
: ago with womanly troubles, and M
2 1 was afraid I was going to get H
in bed. Each month 1 suffered U
j 1 with my head, back and sides?a J-j
' 2 weak, aching, nervous feeling, vj
' - I began to try medicines as I u
, r knew I was.getting worse. I H
; j did not seem to find the right ?j
I remedy until someone told me of g
CARDUI
The Woman's Tonic 1
I used two bottles before I could H
see any great change, but aftet Q
that it was remarkable how u
much better I got. 1 am now H
well and strong. I can recom- Q
mend Cardui, for it certainly U
benefited me." H
If you have been experiment- tj
"fig on yourself with all kinds of 9
different remedies, better get H
back to good, old, reliable Q
Cardui, the medicine for M
women, about which you have H
always heard, which has helped tj
many thousands of others, and ?3
which should help you, too. H
Ask your neighbor about it; she u
has probably used it. M
bjor sale everywhere, H
I u:~k I .
1 ligll JLJC
by Doing Yoi
Our tools, garage j
all Ford owners ,
-j
uine Ford parts a*
TABOR MOTC
[Leonard
f
lu 26-28. TABO
surplus there remains at the mines 5
after the reparation Vdeliveries are 1
taken care of must go to the factor- ;
ies and plants, leaving practically i
nothing for the population. The country
people can help themselves with <
wood, but in the cities the population \
is luckly if enough fuel is provided to 1
heat a single room. <
"Most deplorable, however, is the 1
nrocess of "buying out Germany.' '
The amount of food, clothing, wear- 1
ing apparel and other necessities <
daily consumed in Germany by its <
innumerable foreign guests goes far
into the billions of paper marks and
contributes considerably to the d/iily
increasing cost of living.
"If the present Government does
not find a way to relieve the strain 1
under which our people have uninterruptedly
been held since peace was (
signed, it will be impossible to pre- 1
vent serious eruptions this winter.
An underfed German people will (
never permit its Government to con- '
tinue a fulfilment policy which in the
long run spells suicide.
i^Kiure sucn cin overwneiniing muiority
of the people is willing to submit
to its inevitable *fate it will seek
new ways and means to coerce the
Government in its behalf. They are
.already forcing a temporary check in
he fulfilment policy. They demand
no further deliveries be made until
the Government can assure them there
are enough cattle left to provide them
with meat and the children with, milk,
and enough coal to heat at least a
single room.
People Desperate.
"It is not obstinacy to reparations
that forces them to interfere with the
fulfilment policy but the mere natural
forces of self-preservation. A
people in dispair tries desperate
things.
"Thousands of young lads can find (
employment on the farms. Germany ]
has still thousands of acres available |
for cultivation. This shift will relieve
the appalling scarcity of dwell- j
ings and partly solve the acute housing
problem. As to the female workers,
there are thousands of them who j
fled from the country to the ammu- .
nition factories during the war, an^ j
there are other thousands who have j
been attracted since the war by the ,
high sounding paper mark wages, j
They will be forced to return to their (
households thus vacating positions for (
unemployed men." (
o
SERIOUS PLANT
DISEASES RECORDED J
Botany Division Finds 131 Diseases '
in 1922. 4
i
Clemson College.?The annual plant ]
disease survey of South Carolina J
conducted by the Botany Division has :
now been completed for 1922. This 1
work has been accomplished by the '
co-operation of the staff of the Botany
Division, a number of county agents,
and a number of private individuals
throughout the state. We have accumulated
a considerable larger bulk
of observations than we had last year
and the results are correspondingly
more complete. There are a total of
131 diseases listed as against lOfi last
year. There are a good many records
from some counties and only a few
or none from some. However, the
number of records from a county is
more likely a measure of the co-operation
of the county agent and of
the use which the citizens of the county
make of their agricultural college
il. li. !,. tlm nnf nnl imnnrf on/?A ".f I
LI let II 1L ir> iff wuc av tuc? i iiiipv/i vuiiw '
plant diseases there, is the opinion of
Dr. C. A. Ludwig, Associate Plant
Pathologist.
As usual the most important fiuit
disease was the brown rot of {-tone
fruits. The average of 10 county
agents' estimates of loss to the peach
crop from this cause was 49 per ccnt.
In this connection it should he remembered
that even approximate control
of this disease involves very complete
sanitation on the orchard, al;.
well as approved spraying or darting
measures.
Blight of some fruits?pear, apple,
quince?was again common. Control
of this disease on pear trees requires
very thorough and very persistent
measures but can be accomplished by
such measures.
Anthracnose of melons and related
crops was very abundant and destructive
and did great damage in the
commercial growing regions. Control
consists of saving clean seed or
in seed sterilization, coupled with
spraying the growing crop with Bordeaux.
The melon growing industry
in this state will not be on a thoroughly
stable basis until growers have
generally adopted these measures.
T M,ot wVionf woe nr<>s<>nt. as i
X<VC% & JL W A TT ?IVfL*v ?? !# <vwv?*v ?
a very severe epidemic during the
past season. In all probability the
damage done by this disease is often
overrated, and this may have been
the case this year, but there is no
doubt that with such an epidemic as
we had, considerable damage was done
o the crop. Unfortunately no very
ibor Charges
IV* Ourn Wnrlr II
At V ff II f f v* Mm. 2
H
\nd advice free, to I
\ full line of gen- I
id auto accesories. I
)R COMPANY *
Garage]
R, N.C. A
wmmmmmmammmmmmMr**,*
V
HE HORRY HERALD, OONWA1
satisfactory control measure is known,
jut fortunately such bad epidemics
ire so uncommon that a repetition
lext year is not likely.
Other important diseases "were
:rown gall on fruit trees; wilt of cotLon,
cowpea, and watermelon; black
rot on grapes; scab and rosette of pe:an;
black rot of sweet potato; blossom-end
rot, fungus wilt, and leaf
blight on tomato; and others. Fur:her
information concerning these diseases
and proper methods for control
:an be secured by addressing the
Botany Division, Clemson College.
o
MEAN PROSPERITY
If hogs have size for age that is one
thing, if they have size and quality
too, that is quite another. Up-tolate
breeders are bending every energy
to produce the type of animal that
will bring the most on the market.
Only well-bred sires are able to proluce
this type; naturally therefore it
behooves us to use only good, wellbred
sires if we would demand a premium
for our stock. Here 's a big
hole in our money barrel and it
:loesn't take much to jHigr it. Money
carrels may be somewhat oat of style
m the farm just now, but if we pi up
all the holes, it may become useful
again sooner or later. In any event
it is only good business to stop the
leaks, but under existing conditions
it seems to be about the only thing
left for us to do.
BANKERSTATES
HIS TESTIMONY
(Continued From Page One.)
the suit. This present action concerns
matters alleged against the defeniants
aboved named as directors and
officers of the hank. The suit was
not brought until after the bank had
Failed. It failed in the early days of
January 1916, when the keys of the
banking house were turned over to
Tames L. Craig, the assistant Bank
Examiner, and who held the keys until
the appointment of Mr. Freeman
as receiver by the order of Judge
Shipp. This action was not started until
several years after that and in the
Tieantime Mr. W. R. Lewis, who had
been the president of the bank when
organized ,and who remained as a
iirector throughout its short history
:>f a little more than two years, had
passed away, and most of his estate
bad been distributed by his administrator
at the time the cause was callad
for hearing last Wednesday.
Mr. F, L. Wilcox, one of the attorneys
for the plaintift, read the complaint.
The substance of the allegations
of the complaint are to the effect
that by means of gross carelessness
or negligence on the part of the
officers and directors, the capital stock
and deposits of the bank were lost
and squandered; that loans were made
to individuals in excess of the amounts
allowed by law; and that dividends
werr declared and paid on stock, when
_j>..u?i _ i?i i ? 1- j *
uu wiviueuus luiu ut'en enrneci; unu in
briof. that the directors did not faithfull
v discharge the trust imposed upon
them and did not render ordinarycare
and dilligrence in the premises.
After the reading of the complaint,
Hon. R. B. Scarborough and H. H.
Woodwnrd, attorneys for the estate
of W. R. Lewis, read a demurrer
which had been served and asked that
the suit be dismissed as to the estate
of W. R. Ivewis on the grounds that
the complaint stated no cause of action
against him or his representatives
and in that the action was founded
on a tort which could not survive
after his death; and that the complaint
failed to allege that either Mr.
Lewis or his administrator ever had
any of the funds, property or papers
of the hank upon which they could
be required to account.
The court heard Mr. F. L. Wilcox
in answer to their arguments. He
ouoted section 39f>3 and several cases.
He stated that in his opinion thfe stock
shares held in the bank constituted
personal property and that this action
was brought to recover damages
in relation thereto and that the plaintiff
is not trying to recover any specific
property in the action but wants
to recover for lossage by reason of
negligence of any one or more of the
directors. He went on to say that he
was frank enough to say that the directors
could not be held liable for
mere inattention but onlv fnr a-T^a*
-- - ? r? I
negligence. He claimed that the ac-|
tion is one for an accounting for losses
sustained through the carelessness
of these officers. ^
Several arguments were mm^in
reply and the Referee overruled Ine
demurrer, stating "that in his opinion
these important questions should be
passed on to the court to be settled
there.
Then the answer of the administrators
of the estate of W. R. Lewis
was read, as well as for other defendants
in the action. A. nu.Tiber of Afferent
attorneys npo?a'*ed at the trial,
all representing one or more of the
defendants.
E. S. C. Baker represented the defendant
Robbie Rtalvey and interposed
a demurrer which was overruled by
the Referee in his opinion which was
stated upon the record.
This cleared the preliminary question
and the introduction of evidence
?rvl testimony started. The plaintiff
Introduced Judgment Roll No. 4383,
wv>i>h wasn't ohiocted to.
Then the plaintiff, W. A. Freeman.
wa-' sWe?*n nml his testimony follows:
T wis npnmnted Receiver of the
hnn'' on .Tr?nnnrv 24th, 1016, and
i HWnrr the hond. T took
i^c honk huildinpr, pettinpf
' Vo fiv?rr> the hnnk ex.aminer, who
1 ?: :,.i, Mr. .Times L. Craipr, and
' > n ' ' "av; whr> turned the keys
M: rVnip. The hooks ordinal*
" 1 opt hv n hank sueh as this would
' ^ fj,0 general balance ledprov
opri t>,0 individual ledper. The individual
ledrrer is in my office but I
*?nv* hrourht*here the three joumalr
-n i o-rnevpl hnlance ledger that I
Jf
r, S 0, JAN. 11, 1933
found in the bank building (these
books were marked in evidence.) I
fcnnd in the bank a small amount of
cash and also the bank fixtures and u
small case containing: the bills receivable.
I have not pioduced hore the
minute book on which would be kept
the records of the meeting* of stockholders
and directors of the bank. I
h/ive no recollection of ever having
that book in my possession, hut 1 find
from a copy of a letter that I wrote
to Mr. Scarborough that I quoted
from this minute book and1, therefore,
T must have had it at one time; but
1 have searched carefully both in my
own office and in Mr. Scarborough's
office and cannot find it. It has been
misplaced in some w.ay. This minute,,
book would be the only record of who
the directors were when the hank was
organized except, of 'course, the ' reports
in the office of the bank examiner,
which were made about four
times a year. I do not know who the
directors were at that organization.
W. R. Lewis was president and W.
P. Hardwick cashier. I do not know
who the vice-president was. W. R.
Lewis was engaged in the mercantile
business. W. P. Hardwick had prev-*
iously been employed in another oank
as assistant cashier I think."
rti ? i%
lesmying to tnese dooks in answer
to questions by Mr. Wilcox, Mr. Free*
man said:
"When the bank commenced business
oa November 3rd, 1913, the
amount of eapital stock paid in on
that data was $7,855.00; on 'April 13th,
1914, six months afterwards, the total
of stock paid in to this later date was
$26,475.00; at the date when it closed
its doors January 19th, A1916, the
stock paid in to that date was $27,075.00.
"The total amount of expenses of
the first year of the bank ending on
November 13th, 1914, including general
expenses, insurances and supplies
was $6,556.42.
The deposits in the bank on November
13th, 1914, wa$ a total of Sf?4,494.00.
"The bank owed on that date on
bills payable or re-discount $42,1300.00.
"This bank during the first venr cn
the face of the records of these lucks
made a very small profit, as the income
of the bank for discounts t;nd
interest to November 13th, 1914, was
$6,567.00, making the profit about
$10.00 for that year of business."
Mr. Freeman here stated in answer
to questions that he is president of
Conway National *iank a'id l?as had
nineteen years of experience in the
banking business n.n.1 that he would
say as a banker that the showing on
these books would indicate that the
bank for that first year was losing
money. He stated that the income
was about the same as the expenses
as .before stated; that the bank had
on hand $24,000,000 of time certificates
on which the bank would have
to pay interest and which had not
been charged out as a liability on the
date above mentioned for the reason
that this interest had not been paid
out then but had actually accrued. On
the other hand the bank had loaned
about $107,000.00. a large part of
which had been discounted for interest
for one year or less, the discounbeing
entered as a profit although not
yet earned; that if the bank had been
liquidated at the expiration of the first
year of its business it would have
ouatim ?
oitu n i a auic u'Jio.
After dinner, Mr . Freeman was
again called to the stand and the substance
of what he said follows:
"Looking on page 29 of the journal
for 1915, showing the transactions of
the hank on February 1st, 1915, there
is an entry there of dividend checks
for $1,039.90, and this entry- indicates
that a discount to that ^mount was
distributed to stockholders.
"On that same date on the ledger
account, under the head of undivided
profits, I find the sum of $1,039.90,
being the same amount as the dividend
checks. . j
I would not regard it as advisable
under the conditions of the hank at
that time to have paid this dividend
out q{ the bank. (At this point there
was some argument by the attorneys
as to the* admissibiiity of this testomony.)
He then explained the way in which
It appeared that the general expense'
account for the first year Was handled
on the books. He re^d two entries
as follows: "January 18th, 1W5, general
expense, $6,378.38, and on Januafy
19th, 1915, general expense $6,378.38.
He explained that these entries
were proper in writing up the
account at the end of any period,
charging the items as the bookkeeper
did, to undivided profits. Other entries
were testified to by Mr. Freeman.
Then looking on the hooks undev
date of January 4th, 1916, the witnepR
testified that the item of general expense,
$6,042.25, and an item of interest
account $3,941.66 were combined
and charged against interest and discounts
making a total of $3,083.91.
On that day the deposits totaled $r?2,547.84
and bills payable a total of
$44,000.00. They had loaned out $03,207,00
and of this $44,000.00 wns borrowed
money, leaving $49,207.00 loaned
out in excess of wha* they hnd on
deposit. The income plus the small
amount of exchange could oof have
been more,than about $4.000 00 ur.der
these conditions and the to^^l expense
as before shown went far beyond ti e
income. On the $40,207.00 of the
bank's own money loaned o"4 i! could
not earn more than 8 per cent which
would make about $4,000.00 income
and against this income apr?ars thr
expense and interest paid amounting
as before stated to *0,0*8 01 He
said that these entries of Jprunrv 4th.
1916 were not in the hnr\dwnf|njt of
Mr. George officer, but thnt, tbr b/wd
writing of Mr. Officer apre"*c.I up to
"bout December 7t!h 101f>. nnd nTtf>r
that it was partly in tbe bandwrit
ingr of Mr. Officer, especially as to tbe
flprures and fcb^e nt.b*r person as to
the rest of the work
* listed tbe
bill# receivable and found that some
of these were in the hand* of the.
Murchison National Bank, and some
with the American National Bank of
Richmond. He had listed these bills
receivable separately, showing those
held by the different banks. %
He stated that he thought Percy
Hardwick was an officer in the Planters
Tobacco Warehouse at the time
ind that J. R. Bowles was also art interested
party. That he found among
the assets of the bank two notes ox
*2.000.00 each signed by the warehouse,
and that they are still on hand
and could not be collected.
He explained the matter of two
notes of C. K. GerraTd. One was for
$1,000.00 and was collected, while the
other for $3,270.00 was never collected
m full, but a piece of swamp land
was sold and applied for $800.00 and
a dividend was collected from the estate
of C. K. Gerrald. He stated that
the item of $1,500.00" -due by U. M.
Del ettre had been paid while some
notes of John T. Long, which amounted
to $1,100.00 had not been collected.
He had not been able to enforce
these.
He referred to an amount reported
due by B. A. Jordan, and thought that
he had only collected that in part. A
balance of $365.00 owing1 by P. W.
Bethea he had not been able to collect.
Another debt which he had not been
able to collect consisted of some Vijfjjtes
against J. O. Cartrette, amounting to
$650.00. He stated that some of this
debt had been paid and some not raid.
He expained the entry of two notes
of $500.00 each against S. W. Veroen.
Vereen had refused to pay both and
would only pay one and claimed they
represented the same debt, originally
$500.00. The book:-* showed that one
of the Vereen mori;>Tijrrv? had been
pledged to the Murchison National
Punk, while the other Vereen mortgage
for the ^amo amount had been
pledged with the Richmond hank. Suit
was brought against Vereen ard l?e
proved what lie said was true and
only one of the not*53 wa3 eve.* paid.
He stated that he had to call on the
stockholders to pay t'.ie depositors and
had paid 75 per cent of the depositors
up to this date. He said that iie i?ad
already collected what could be collected
by law. That some of the notes
were still in hand and might be paid
but they could not be forced. He said
that more than the entire capital
stock had been lost.
The $4,000.00 debt from the Planters
Warehouse had been secured by
the tobacco handled there and this was
disposed of and nothing could be gotten
from that.
He had known W. R. Lewis for
twenty years and thought him a very
conservative business man and such a
loan as this he did not think would
have been made by Mr. Lewis on his
personal account. He also knows W.
i
Winter milk profits i
right feed is fed. The
prove without question
dairy cows, is
Happy Cow
(24% P
It shows up its real r
It demonstrates its true
milk at lower cost
I The most part of Ha
turned into milk becaiu
making materials which
The results will make y<
Happy Cow Feed is r
Co. of Memphis. We i
for valuable new ideas <
A. T. COLLIN*
Conway
MOTHER! MOVE
CHILD'S BOWELS
"California Fig Syrup" is
riiiM'c DA(4 I
VI Hill O UCOl UlAflllVC
. Hirry Mother! A t?upoonful of
"California Fig Syrup" now will thoroughly
clean the little bowels and in a
few hoove you here a well, playful child
again. Even if cross, feverish, bilious,
constipated or full of cold, children
love it* "fruity" taste, and mothers can
test easy because it never falls to eorit
aQ tfce eeuriaf food and nasty bile
B. Hucks and Robbie Stalvey as men 1
of Rood judgment, but he did not know I
J. J. Williams as well. I
He said that the $6V000.00 that J. I
J. Williams had loaned to Percy Hard- 1
wick for the building of the Planters I
Warehouse had been money Williams I
had on deposit by time certificates in 9
the Farmers & Merchants Bank. WIT- I
lianis had agreed to loan it to 1
Hard wick or to the Warenouse I
rather, and took the mort- I
prapro, a first lien against the prop- I
erty. The time certificates .of Wil- I
Hams' had been sent away to other I
hanks as it had come to the witness' I
bank to be presented at the Farmers I
& Merchants Bank and when he pre- 1
sented this certificate there they gave 1
his bank a check draAvn on another
bank somewhere. This check was returned
unpaid and witness had to call
on the Farmers & Merchants bank
again and it was finally paid, fitness
did not think that'he called on
any of the officers or directors about
this check.
He also Irnpw W Tt ni?L4?.i4- ? -
- - - vnvnvilUV HO M
successful groceryman, and he felt
sure that these loans that he tuad
mentioned would not have been made
by either Messrs. Lewis, Williams,
Chestnut, Hucks or Stalvey, if they
had been handling their own funds.
He would certainly not think they
would.
The remainder of the testimony at
this hearing appears in another column
in this issue.
* ' " 1 1 1 i Wiii ?
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that the best feed for I
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rotein) I
nerits in the milk pail. I
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Tell your druggist you want only'the
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m direction* for babies And children
of all agm printed on bottle. Mother,
; you nuit aty MCftltfoniaH Refute aay
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