University of South Carolina Libraries
• ' ^ * *.. Newt from Willuton Willuton, S#pt. 6.—Mr. and Mri. W. B. Powtll had ax wrrk-rnd rurtta. the latter's parents. Mr. and Mra. Cheru*, and also her sister, Miss Blanche Martin. Cadet David Kennedy has retrrned to U. S. M. A., West Point, N. Y., to resume his studies as a member N of n the second class (junior). Mr. and Mrs. M. M. Player arrived Monday night to begin work for the new school year. Mr. Player has his old position, principal of the Williston- Elko high school. Mrs. Player will have charge of English in the Willis ton grammar school. Mrs. W. R. Kennedy and Mrs. Q. A. Kennedy, Jr. f spent the past week end with relatives in Allendale. The latter was accompanied home by her sister, Miss Sara Boylston and her brother, Reid Boylston, Jr.; who will spend a few days with her. Miss Alice Boylston returned home Sunday from Batesburg, where she has visited friends the past two weeks. Mrs. Eunice Ussery and sons, Mel bourne and LeRoy, returned Satur day from Batesburg, where they spent the past week with Mrs. R. G. Able and daughter. Mrs. Dosia Givens had as her guest a few days thi s week, her daughter, Mrs. Garret, and Harry Garret, of North. Mr. and Mrs. J. V. Porter, Mr. and Mrs. Walter Givens and Miss Thelma \Givens spent Sunday at Charleston and Folly Beach. Friends of Tom J. Folk and Miss Celeste Kent are interested to learn of their marriage which took place at the home of the bride’s parents, Mr. and Mrs. Thomas Kent, at Glennwood, Ga., Thursday morning, August 26th, 9 o’clock. Immediately after the ceremony the young couple left for a trip through North Georgia. Mrs. Folk is a graduate of Georgia State College, and is a member of the Williston grammar school faculty, which position she ha g held for the past three years. TRANSFORM BANKING National Commission Sees Changing Opinion on Branch Banking Issue—Studies Group and Chain Banks... HOPOCATRUC By G. Chalmers McDermid Windermere, Charleston. S. C. on We congratulate the new Progress ' ive Farmer-Southern Ruralist their Sept. 1st to 14th edition. The combination of these two maga zines means a lot to the farming pub lic of the South. A magazine with a circulation of 250,000 ig bound to exert an influence upon its readers; and it i g our opinion that the readers of this magazine will not go wrong in folowing the advice given in its pages. Now that “Polly” has quit “ticking” und the right (or wrong) men have been elected, we can get down to thinking about our every day prob lems again. The children are back in school, we are going to have a new governor and a new senator, tobacco is harvested, ccttcn is being picked, some folks are getting their corn in. Have we thought about feeding out a lot of hogs for the March and April markets? A couple of our friends from Charleston County sold a bunch of 70-odd fish meal and corn fed hogs on the Richmond market last week and l?ot $1,935.00 for the car. The hogs sold for 11% cents per lb. How would a check for $960 for 35 hogs feel to you right about now ? Did those two friends of our s get a good price for the porkers? We’ll say they did. And they fed up a whole bunch of refuse along with the corn and fish meal, and got real money for it Maybe you have done the same thing or your neighbors. Feeding out a bunch of hogs doesn’t take much time or trouble if you get set for it. Your county agent can give you the necessary instructions for making a self feeder for the corn and fish meal. Call on him. South Carolina is a good state for producing livestock, and hogs are the easiest form of livestock for the av erage man to try out. Give ’em a fair trial before you condemn ’em. Ever try Rape for greens in your garden? Rape makes a good hog and chicken feed, and really is s first clsss table vegetable. la getting that fall garden ready, we ought to consider some of the follow ing nsmed crops: Strswberries, sprouts, broccoli, snsp beans, peas, Chinese cabbage, cauli- ; lettuce, kale and spinach. » of thee* crepe are herd to end they Bike for a variety of m the table this fall and ter the NEW YORK.—Modification of the at tltude of bankers on the long disputed branch hanking question is forecast In a review and report covering rapid changes going on In banking Issued here by the Economic Policy Commis sion of the American Bankers Asso ciation. The report, however, after referring to recent proposals that na tlonal banks be given branch banking powers within the business territory surrounding their location, declares that ”we do not believe that so-called ’trade-area’ branch banking Is likely to gain the support of any large per centage of the banking fraternity.” The commission says that the “most Important development that has af fected American banking In recent years Involves the rapid growth of multiple banking organizations In the form of group, chain and branch bank ing systems,” and adds that “we pre sent this report as e/i unprejudiced economic study and have no theories or policies to urge at this time.” The statement says that the commission’s Information indicates there are now 269 group or chain bank systems, which control 1922 banks and $15,285,- 000,000 ’ in aggregate resources, and that there are only six states and the District of Columbia where it does not find any group organizations. The Commission’s Investigation “We have been in touch with the managers of many Important bank groups,” the report says. “Aside from the obvious economies of centralized operation and control a number of these organization heads very frankly tell us that they do ^ not feel that the system has been in operation v and tested long enough to justify them In making positive or sweeping state ments as to Us advantages or disad vantages compared to unit banking. “The Banking and Currency Com mittee of the House, which Is con ducting an investigation Thto banking developments, has called a number of operating heads of some of the great group systems. These men declared that they found, under certain condi tions, definite operating and economic advantage in both group and branch banking over independent unit bank ing. Some thought group banking was only a transitional stage, that branch banking was preferable and If It were permitted on an extensive enough scale they would change their groups over to branch systems. Others held that group banking was preferable. “Some held that the ideal plan was a combination of the two with group bank units for localities strong enough to support complete banking Institu tions and with branch offices extend ing further into the smaller places requiring banking services but not large enough to support complete banks. Several of these who advocated multiple banking declared that never theless they believed there would al ways be room for vigorous indepen dent unit bank competitors. ' Government Officials Express Views “The Comptroller of the Currency recommended that national banks be given branch banking powers within ‘trade-areas.’ The Governor of the Federal Reserve Board appeared to be In general agreement with the Comp troller. He said there were 24,645 banks and 3,547 branches, a total of 28,192 banking offices; that in this total, 6,353 offices were either branches or bank members of groups, or both, leaving 21,839 banking institutions that might be definitely termed inde pendent unit banks, having no branches and in no way connected with group affiliations. He said all the banks had total loans and invest ments of $58,500,000,000, of which the group and branch systems held $30,- 000,000,000, or more than half. “He opposed nation-wide branch banking at present but said that ulti mately If bankers became trained and experienced In the larger technique of ‘trade-area’ banking he thought it would In time evolve nation-wide branch banking under control of rel atively few banks, but he did not be lieve this would mean monopoly or lack of competition. He favored branch over group banking which, however, he said represented ah eco nomic development along ‘trade-area’ lines and would spread unless some thing else were substituted and thought ‘trade-area’ branch banking would serve this purpose. ‘Tt is the intention of the Commis sion to develop its own studies In these questions, watch carefully every move that is made and every bit of information that may develop in this connection and keep itself prepared to give an unbiased and accurate statement of the facts of the case whenever that is desired,” the report concludes. Federal Reserve Pays Government In the fifteen yean since Its estab lishment in Ifili, aggregate net earn ings of the Federal Reserve System's twelve regional banka have amoonted to 9I1U1MM. of which f*M72.000 has been paid to the member banka as • per cent am of cap*- tal » raMrr* taaka. white tm, w IW Official Notice From the State Highway Department To All Motor Vehicle Owners in the State: On and After October 1, 1930 - Every Driver of a Motor Vehicle in South Carolina Will Be Required to Have a Driver’s License. According to an Act Passed by the General Assembly and Approved April 4, 1930. Penalty For Violation of This Law Is a Fine of From $10 to $100. Licenses Obtained Now Good Until June 30 1933 ? T T T f T T f f T T T T T T Y t T i T T To protect lives and property and a safeguard to drivers and operators of motor vehicles upon the highways of South Carolina who obey the traffic regulations and drive with due regard for the rights of others, the General Assembly at its last term passed an act requiring all drivers to be lic ensed by the Highway Department, and to carry said license at all times while driving upon the highways of the State. (Excerpt From the Act.) . . . That on and after the firstday of October, 1930, every person, before driving a motor vehicle along or on any public highway, road or street in this State shall secure from the highway department a license and it shall be unlawful for any person to drive a motor vehicle along or on any public highway, road or street in this State, unless such person has been issued a motor vehcile driver’s license by the highway department. . . . The licenses shall have his or her license in his or her immediate possession at all times when driving a motor vehicle and shall display the same upon demand of any officers or agent of the Highway Department or any police officers of the State. . . All drivers of motor vehicles, whether owners of such vehicles or not, are urged to road carefully the instruction^ at the right. Be certain that before you drive any motor vehicle after October 1st that you have obtained a driver’s license. South Carolina Highway Department •Motor Vehicle License Division W. V. Sutherland, Director, P. O. Drawer 1498 Columbia, S. C. j Instructions to All Drivers and Opera tors of Motor Vehicles. 1. Applications for driver’s licenses are being mailed to all motor vehicle owners. If you have not enough blanks, secure additional blanks from the address below. ^ 2. Personal checks or postage stamps will not be accepted. Cash will be handled at owner’s risk when sent by mail. 3. Fee for driver’s license is 50c. Dur ing 1930, in case of meqibers of the same family (husband and wife and minor children 12 to 21 year s of age), th£ fee is $1.00. 4. All information required on appli cation blanks must be given carefully and accurately. False or incorrect in formation is a violation of the law. 5. Oath will be administered on af fidavit form by Motor Vehicle Division Agents without charge. Notaries fee a allowed others limited to 25c. An agent of the Highway Depart ment will be in this section to assist applicants for their Driver’s Licenses at the places given below: Place: Barnwell Motor Co. Hours: 11:30 to 2:00. Dates: Sept. 12, 15, 16, 19, 23 and 27. Town: Blackville. Place: Thomp son Motor Co. Hours: 11:30 to 1:00. Dates: Sept. 11, 15, 18, 22, 25, 26, 30. Town: Ellenton. Place: Wise Motor Co. Hours: 8:30 to 10:00. Dates: Sept. 12, 16, 19, 23 and 27. f I ? t i T k I JUST RECEIVED! The 1930 Jenner Line of • • • • Engraved Christmas Cards A Wide Range to Select From Let Us Show Them to You. People-Sentinel