Historical Newspapers of South Carolina

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THOMDAT, FEBRUARY M, IMt. BANKERS REPORT DROPIN SAVINGS Lure of Stock Market Partly to Blame, but Slackened Specula* tion Expected to Bring Return to Thrift Five Thousand Dollars WiD Buy Her I """* 0 3E£. 0M,W * s •• * £ ■SSSr.fflSRK!: i: X. • The first recession in the nation's savings account in banks in the tjren- tj* years during which records in this field have been kept by the American Bankers Association was disclosed for last year in the recent annual compila tion prepared by its Savings Bank Division. The shrinkage amounted to over $195,000,000, on the basis of fig* ures for the year ending June 29, 1929, whereas a year earlier the reported in- crease was over $2,300,000,000, the largest ever recorded. The number of savings depositors also decreased during the year covered by more than 500,000 accounts. The lure of the stock market and affiliated activities are cited as part of the explanation for these changes. The association’s statement says that savings deposits in banks and trust companies of continental United States on June 29. 1929, stood at $28,- 217,656,000. Th$ recession in savings, it declares, indicates a fundamental change in the savings situation, irre spective of whether it is temporary or not. How Savings Used to Grow *Tn 1926 savings deposits increased $1,562,000,000, in 1927 almost $1,400,- 000,000 and in 1928 over $2,300,000,- 000," it says. "It appears now that some influences in one year have taken the gain that might reasonably have been expected in savings deposits for 1929 and lowered them'Trom the high mark of the preceding year. This re cession is not one coming as a result of drouth, famine, unemployment or conditions outside of the United States. . “A year ago it was stated: 'The year closing June 30, 1928, registered the 'largest gain in savings deposits- in banks and .trust companies of conti nental United States ever recorded in the history of this country.* What a difference one year makes! From a ^ain of more than 2% billions of dol lars in savings deposits to a loss of al most 200 millions! "The lost in sayings deposits is re flected also in the loss of savings de positors. The year 1929 showed a to- * tal of 52.664.127 depositors, against . 53.188.348 for 1928. a loss of 524.221. "Industrial production was much higher last year than the preceding year. Factory payrolls were consid erably greater. In production, em ployment and trade, advances were made over the preceding year.. In the farm areas the improvement noted for 1928 did not recede in 1929 and the livestock industry in all Its branches was prosperous. The Causes of the Drop "The causes of the recession are possibly multiple. There is scarcely any reason to doubt that one of the important factors draining away sav ings and decreasing depositors has been the lure of profits to be made in stocks. For a number of years the people have been rega!ed with stories of profits made In stocks in ail types of companies. During the last few years there has been a specious phi- s losophy preached that panics such as formerly occurred were no longer pos sible. "If It was the lure of profits In stocks which caused the recession In savings, then a factor in future sav ings will be the success attendant uppn this venture of savings depos itors in stocks. If the experiment did not prove generally successful, then another year will doubtless witness an Increase in savings deposits as well as in savings depositors." Adults can, and do, contract many children’s dtaeasss And, usually, they suffer from them much more than children do. For instance, many adults contract worms, an ailment usually aamdated v with children. Sometimes they suffer intensely and take expen sive medical treatments, without reali sing that worms are the cause of their troubles. Yet. the symptoms are the same as in children, loss of appetite and weight, minding the teeth ana rest less sleep, itching of the nose and anus, and abdominal pains. And, the same medicine that surely and harmlessly ex pels round and (Mn worms from children will do the same for adults — White's Cream Vermifuge, which you can get at % R. A. Deason, Barnwell, S. C. Epps' Pharmacy, Blackville, S. C. Legal Advertisements Notice to Debtors and Creditors. Twenty-year-old Jean Frances Schilling of Baltimore, Md., who ofTers herself in marriage to the first man who presents her with .<.",000. Schilling says she is tired of struggling and worrying about the future on the uncertain income of a trained nurse. Notice is hereby given that all per sons holding claims against the estate of John M. Cater must file them duly attested with the undersigned Admin- I i istratrix or her attorneys, Brown & Bush, at Barnwell, S. C., on or before Saturday, the 1st day of March, 1930, and all persons indebted to said estate will make prompt payment to the un dersigned Administratrix or her at torneys. Effie B. Cater, Administratrix, Estate of John M. Cater. Barnwell, S. C., Feb. 12, 1930. Notice of Stockholders’ Meeting. Prize of $10 Offered by Local Commission Barnwell County High School Stu dents Also Have Chance to Win State Prize of $25. ning e?say originates. References. Notice is hereby given that a meet ing of the stockholders of the Barn well Building and Improvement Asso ciation will be held at the office of The following books and pamplet? I wi ]|j am McNa b in Barnwel, S. C., on will be found helpful in preparing the Frjdliyj February 2i, t , 1930, at 11:00 o’clock a. m., for the purpose of elect ing directors. By order of: Arden A. Lemon, Secty. HELPING YOUNG FOLK. TO BECOME BANKERS Through the American Institute of Banking, which is the American Bank ers Association’s educational section, the banking profession is educating 35,000 bank men and women in the technical and scientific departments of their work. These students are en abled by this institute, which is entire ly non-commercial in Its operations, to obtain a grasp of the finer points of banking without interrupting their employment or Interfering with their earnings, in their bank Jobs. The courses given, including bank ing economics and law and bank ad ministration in all the departments, have been worked out under the di rection of senior coiloge educators and* the lectures are always given by practical men, such as lawyers In the legal courses, experts in banking oper ations and college professors in the economics courses. There are chap ters with meettpg rooms in over 200 cities and also a number of smaller study groups are fostered with cor respondence aid. It has been said that the A. 1. B.. as it ds familiarly known throughout the banking field, is tbs greatest aduK od ucatlonal organization In the world and is supplying the hanking business with the largest supply of trained workers each year th%t any compar able line of business is receiving. The ^organisation holds an annual conven tion attended by hundred! of young bank workers as well as senior bank officers actively Interested la farther ing the institute's educational work, at whlck numeroos technical a objects eoevaation will he held pt Daavar, a e e- A ca-h prize of twenty-five dollars is offered by Dr. Roe E. Remington fur the best e.«say written rby a high school student in South Carolina on the general subject of "Why South Carolinians Should Eat Home Grown Vegetables." In addition, a prize of ten dollars is offered by the Barnwell County Natural Resources Commission for the best essay from Barnwell County. Judges for this county are Prof. J. J. Cordelle, of Blackville; Prof. H. H. King, of Dunbarton, and Miss Eliza beth McNab, of Barnwell. Essays may be mailed or delivered to any one of the local judges on or before April 15th. The winning essay from Barnwell County must be read before the assembled school before be ing sent to State headquarters. Two essays only from each county are to be submitted in the State contest. Winning essays ftom each county aie to be mailed to Roe E. Remington, 280 Calhoun Street, Charleston, so as to arrive not later than April 30th. Judges for the State contest will be announced later. Complete sules and a list of references for reading are at tached. Rules. 1. Any bona fide student in a high school or academy of high^ school grade in South Carolina may compete. 2. AH essays must be typewritten or legibly written with ink on one side only of paper x 11 inches. 3. At the top of the first page shall b« placed the name of the author, and the school and year in which he or she is a student. All pages shall be numbered. 4. Any material that is quoted or copied must be' set off by quotation marks, and its source shown by a reference either in the text of the es say or as a foothote. 5. Style of exposition, originality in presentation, and forecfulness of argument will all be considered in making the awards. 6. All essays shall be in the^hands of the local judges for each county on or before April 15th, 1930. ‘7. As soon as possible after the essays have been received, the judges in each county shall announce a first and second winner in that county, and shall immediately forward both first and second essays to Roe E. Remington, 280 Calhoun St., Charleston, S. C. All essays must reach State head quarters on or before April-30th, 1930. Not more than two essays may be submitted from each county. 8. The winning essay in each coun ty, prior to its being sent to State headquarters, must be read before the assembled school in which the author is a student, and no essay will be con sidered in the State Contest unless ac companied by a statement that it has been so read. ^ . 9. Presentation of the award shall be made at the annual commenee- meat of the school m which the win- Notice to Debtors and Creditors. essays. Chemistry of Food and Nutrition, H. C. Sherman, The Macmillan Co„ N V. $2.60. Chemistry in Medicine. J. Stieg- litz and others. The Chemical Foun dation, 85 Beaver St., N. Y. $2.00. The following reprints can be ob tained free from the South Carolina I undersigned having duly quali- Food Research Commission, 280 Cal- as executor of the last will and houn Street, Charleston, S. C.: testament of Oscar Myer, deceased, Vegetable Food and the Goiter pehons having claims against the Problem. Roe E. Remington. » aid es t* te wiI1 present them duly Organization and Activities of the J verified at my office at Blackville S. C. Food Research Commission. I Carolina, and all persons in- William Weston and Roe E. Reming ton. Endemic Goiter and its Relation to the Iodine Content of Food. J. A. Hayne, State Health Officer. The Potato as an Index of Iodine Distribution. Roe E. Remington, F. Bartow Culp, and Harry von Kolnitz. The • following may be obtained without cost from the S. C. Natural Resources Commission, Columbia: Foods and the Goiter Problem. Wil liam Weston. South Carolina Iodine, What it is and What it Means (leaflet). South Carolinians Should Eat More South Carolina Vegetables, (leaflet). The National Canners Association, 1739 H. St., N. W., Washington, D. C., can furnish the following without cost: Vitamines in Canned Foods. Bul letin No. 19-L, Revised. .Canned Foods in the Daily Diet. Bulletin No. 104-A. debted to the said estate will make settlement with the undersigned. J. M. FARRELL, t Executor. Dated February 6, 1930. Wild Animal Market in Slump, Hagenback States SL Louis.—The business of supply ing wild animals for zoos has slumped in the last few years, according to. Lorenz Hagenheck, Junior member of the Carl Hagenhack company of Ham burg. Germany, who visited St. Ixtuis recently. "Only monkey sales are In creasing In volume." he said. Tea Consumption Grows New York.—Cream for Uncle Sara’s tea this year will keep a herd of more than 600.000 cows busy day snd night and 500.000.000 pounds of sugar will be dropped into the nation’s teacups. In the last five years Uncle Sam has practically doubled bis tea consump tlon. and Us use Is continuing to'in crease. Buried Under Snow Six Days; Dog Lives ! I Toronto. OnL—You can’t keep !! a good dog down. , Concord Rockett. famous « champion English setter, was ' struck by a train, hit on the < head by a section hand who | thought be was bumane. and • dropped In a ditch for dead. For atxfdaya Rockets lay be- ' oeath a snow bank. Tliey found his body, rushed him to a hospi | tal where be was fed brandy * eggnoggs and given a blood 1 tranfuakra. Rockets wa* able to etani •»* bis hind legs *000 after SHERIFF’S SALE. One tree at Headhunt, Miss., has produced as many as 7,900 pears in a single year. State of South Carolina, County of Barnwell. THE STATE vs. ESTATE OF MALACHI WALKER Uqder and by virtue of a Tax Exe cution to me directed by J. B. Arm strong, Treasurer of Barnwell County 1 have this day levied upon and wil sell to the highest bidder for cash, be tween the legal hours of sale, in from; of the Court House at Barnwell, S. C. on Monday. 4be 3rd day of March 1930, this ffing salesday in aak month, the following described rea estate: All that certain* tract or parcel o land with all buildings thereon, lying and being situate in Barnwell Town ship, Barnwell County, and State o:’ South Carolina, containing 65 acres more or les?, and bounded as follows to-wit: On the North by lands of Dr J. Lewis Smith; on the East by-Publig road leading from Birt’s Mill tb Wil liston, which separates the within de scribed tract of laiyi from lands a r myself and said William Walker; on the South by lands of R. A. Ellis and myself and said William Walker, be ing poition of land purchased from W. L. Cave on the 11th day of Jan., A. D. 1917, and bounded on the West by lands of W. L. Cave. Levied upon and sold to satisfy the above Execution and Costs. *BONCIL H. DYCHES, Sheriff, Barnwell County. Barnwell, S- C., seventh day of Feb ruary, 1930. MASTER’S SALE. CA A CRATE — FOR ALL YOUR CUCUMBERS- —If you could get that price for ALL your cucumbers from the first crate right on until the last— —if you could—they would have to be the right kind of cucumbers in shape, color and size The farmers that plant genuine "THE HENDERSON” seed grown by Peter Henderson A Company get THE TOP all the time for their cukes. You can always get the top if you plant genuine "THE HENDERSON" seed—Big Yield—EARLY—Excellent Stock. Genuine "THE HENDERSON" Cucumber seed for sale by SIMON BROWN'S SONS, Blackville, S. C. Lut vegetables in wilted,. take them out crisp! The Hydrator — now standard equipment on all household Frigidaires — keeps vegetables fresh uadi served. It even restores freshness and flavor to wilted vegetables. See it demonstrated at our showroom. FRIGIDAIRE With the HYDRATOR W1LLISTON HARDWARE CO Williston, S .C. L ~ est bidder for cash, in front of the Court House at Barnwell, State and County aforesaid, on Monday, March 3rd, 1930, the same being salesday in said month, between the legal hours of sale,* the following described real property, to-wit: , All of that piece, parcel or tract of land situate in George’s Creek Town ship, County and State aforesaid, con taining one . hundred and fourteen acres, more or less, and bounded on the North by lands of C. M.*Croft, and on the South and East by lands of Aiken Still aud on the West by M. B. Hagood. Terms of sale: Cash. Purchaser to pay for papers and revenue stamps That the successful bidder be re quired to make a cash deposit <rf Two Hundred and 00-100 ($200.00) Dollars with the Master as evidence of his good faith and in case he, she or they fail to dVso, the Master shall immed iately re-sell property on the same salesday or on some subsequent con venient salesday at the risk of the former bidder. G. M. Greene, Master, Barnwell County. Master’s office, Feb. 12 f 1930. Terms of sale: Cash. Purchaser to pay for papers and revenue stamps, and the«successful bidder, other than the plaintiff, is required to deposit with the Master the sum of one hun dred dollars as evidence of good faith snd in case he or she or they fail so lo do, said property shall be immed iately re-sold at the risk of the former- bidder. G. M. GREENE, Master for Barnwell County'. Master’s office, Feb. 7 ( 1930. MASTER’S SALE. MASTER'S SALE. The State of South Carolina, County of BamweU. Cou:t cf Common Pleas. Edgar A. Brown, Plaintiff, re . S. P. Croft, Bank of Western Caro lina, Barnwell, S. Fanners Union Mercantile Company, Annie • S. Brown, Grover Croft, Eva Bak- ley, Aubrey Baxley and Jessie Bax- ky. Defendants. By virtue of a decretal order to me directed in the above entitled cause, 1 will tell at public auction to tha high- State of South Carolina, County of Barnwell. Court of Common Pleas. A** Virginia-Carolina Chemical Corpora tion, , Plaintiff, &• vs. W. S. Creech and Harold Creech, Defendants. By virtue of a decretal order to me directed in the above entitled cause, I will sell at public auction to the high est bidder for cash, in front of the Court House at Barnwell, State and County aforesaid, on Monday, March 3rd, 1930, the same being salesday in said month, between the legal hours of sale, the following described real property, to-wit; . .: All that piece, parcel or tract of; land situate, lying an^ being in above named State and county and in Great Cypress Township and containing one hundred (100) acres, more or leas, and bounded as fallows: North by lands formerly ownqd by Dr. T. r*. Hogg and W. S. Creech; East by lends of Mamie Sanders, lands of W; S. Creech and lands of It*s> Greecb; South by lands of 1. A. Mood^and Mrs. Carrie Barker and on t^e west by lands of W. 8. Creech. State of South Carolina, County of Barnwell. % Court of Common Pleas. B Georgia Chemical Works Plaintiff, vs. W. J. W. Glover and Stella Glover, Defendants. By virtue of a decretal order to me directed in the above entitled cause, I will sell at public auction to the high est bidder for cash, in front of the Court House at Barnwell, State and County aforesaid, on Monday, March 3rd, 1930, the same being salesday in said month,, between the legal hours of sale, the following described real property, tpfwitr All that piece, parcel or tract of land in Barnwell County, South Caro lina, and containing one hundred fifty (150) acres of land and bounded as follows: On the North by lands of Stella Glover; East by lands of Idis Brabham; South by Savannah River and West by lands of Mrs. Olivia Hol ley. The above described 150 acrea are carved from the Southern portion of that tract conveyed to Stella Glover on November 27th, 1889, and record ed in office of Clerk of Court for Barnwel! County, South Carolina, in '' Title Book 5-Q, at page 189. Terms of sale: Cash. Purchaser to pay for papers and revenue stamps aiyl the successful bidder, other them the plaintiff herein, is required to de posit with the Master tha sum of one hundred dollars as evidence of good faith and in case he, she or they fajl so to do, then the said property shall be immediately re-sold by said Master on the same salesday or on some sub sequent convenient salesday, oe ^yip- tiff’s attorneys aught direct, the legal hours of sale, at the fonour Udder. 0/lt AM*™*-