The Barnwell people-sentinel. (Barnwell, S.C.) 1925-current, September 11, 1930, Image 6
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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
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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.
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