University of South Carolina Libraries
*Anw Fonir Governor John HammlM of Iowa (left) and WttifJfr Ferrell, exeerftive secretary of the Iowa chr^ter of the American Automobile Association (extreme right), congratulating the Davie brother* on the establishment of a new world's non-motor, non-wheel stop automcblle endurance record. i I (>TVA fitnto an 1 civic lea<lera wltne.ss^d the PHti-hli-hni^nt of a new woiltTu fton-mdlor, non-wheel stop nuiomobile eiulprance reedfil TCeSfttly. when Ralph and Ro’laad IJaviH. hi-nthern, brought tlielr Modej A‘ Ford to a halt at fho east enlirnco «>r the slate capital in Dos Molncs after J 775 hours and tC mlputes ortontln^aus drivinK. . 1_. — Wlu'n GoyernoMlatnmill, stamlin?; with Walter Ferrell,- executive secretary of the Iowa Chapter of the American Automobile As ocl il'on, save the signal to stop, the Ford had traveled a total of 'IT.ltiS.I miles ovpr all sorts of roads In all sorts of weather and had erce- ded by .Tl.OtlO miles ami more tkrn 2 i r„'55 hours tbe American non-stop endur ance record which, theretofore Wt.icUtlly recoanUod, was made by it mm*b heavier aiar -Utuler -almost ideal exmdi- . lions on the Indianapolis speedway last V* ar. In the epurse < f the endurance run, the car. known s.» ‘Th(i.( ity of Dcs .Moincc.” covered pracUunHy the “potire state^of Iowa. Knslueerlr who examined the Ford at the ronchtsion of -the run asserted that neither engine nor chassis show* d ••widenve of t|,tp yruellliiK strains to -which they were sub jected during the 116 days of conlinuou^di^lvlng.. Roth apparently, aecordfng to tin* engineers, would have been *»ood for another 56,<i00 mites or moro. THE COMMUNITY AND ITS BANKS By ROME C. STEPHENSON President American Hunkers A ssociation "While upon tie individual bankers •there rests without nurtRflrntlon the dl-- rect responsibility f.jr the prudent, hr,a-. c-it ronduct of their I nr. til niton#, nevertheless tho s o u n d n e s s of bunking as a prac tical matter of tact Is a rommun- (ly problem in which the puhlle has a part to play an well as hankers and sovernment efflclaji^f charged with "TO ' super vision of banks. In the first place, the assets of.a bank, outside its Kovernment bonds, consist mainly of loans to business men and of Invest ments in securities created by corpo rate enterprises. The deposits of a bank are not krnt in the vaults as idle cash but arc employed in tbc^a loans and Investments to earn thn money to pay the expenses of die bank *o t hat U~can re mice sower* ts Its customers and also pay them Interest on such deposits as hear interest. If there wero no such thing aa unsound busiuess men or enterprises there would be no such tiling as unsound assets In a hank. It Is of course the unquestioned duty R. C. STK PI HINSON lOiU popular than I’m voar.y” banker, and by that Kanin fftken the public it- r.elf lias a voice in influencing the char* eeler of banking.. Also it I t ths publM in the end which pays tbo main jiart of the p 'unity i; '..u.’.jrtunata results follow. ' Ft ill aeain. tb> public ccn r::ert an itilluence in Kfinplug tlic character of banking by supporting Iho purposes of bankera tj^maiiitain intelligent, ladc- pendent, honest banking supervision )4' ibo public banking aiepurtinenis through Insisting tnet tills function of government shall bn kept as frea from palifha! Infi'jcne' ;:s the judiciary It self and shall be manned only by men of the highest ability and character. In still another way can the peoplo themselves contribute to maintaining tbo ability of their banka to meet their obligations, and Ibis Is by granting them the fullest possible confld^n^e. As 1 iJSid. the deposits are not kept ae cash hut aro invested in loans and se curities. Kven tin; soundest assets of this type require some time to rertm- "vort at full vaTTTe^Twto cash deposits. In many cases of hank trouble# the only thing wrong with a hank was an, unduly Ftisplcious and apprehensive s*ato of mind In lis customers created by no act or condition of its own but by baseless rumors which sometimes led them to destroy the value of their own dope Us by demanding them im- ireilint'ly. forai iq a hank to facrifire Jla asseis and n‘i;er.yjsg dlsrupt_its 1tuaiM'lalMpuF|tluiTr INVENTOR OF BOMB TURNS TO BULES Bankers Help During the year 1930 the Bunkers’ Association of Larglade County, Wis- of the banker to choose onlv sound [ ‘onsin, worked out tho finances for a loans and investments, but the diffi culty of such Judgment, and human Judgment 1§ never ItrmTTTTfTB, is plainly Increased In such times and under such conditions as we have been passing through, with many businesses not making exported earnings and there fore hampered in meeting their obliga tions. Unfortunately some Invest ments and loans created by persons outside the banks which found their way Into the banks in a relatively few Instances have reflected the unwise business policies and conditions that became more than usually prevalent In our business activities and contribu ted to the difficulty of hanking. The vast bulk of hnuk assets, however, are 10ft per cent sound above all ques tion. cooperative milk plant, which entailed ihe raiding of $100,oqo, ami also spon- v nred an active '♦-H-CInb campaign that culminated in an "Achievement Day" program, in which upwards of 100 young people parjlcinntad. The ’increase in the number Interested In this work was 200 per cent over the past two year period. Mills’ Story Forms Interesllnj Bit of History. , l.um|oif£—In a U-auliful gulden <>» the French Riviera, Sir William .Mills, h> yen tor, is forgetting tin* World war, wlmsc Tiorrors TVejv itiiiTTifilied Uy rlU’ b««inl» hiM liriliiiint hrhin deviscsl. More' thuu 7Id**.*>*#* Mills bombs were used during the watr and mili- lury aullioritleK* said their elTeelive ness threatened to replace the rille. llowewr, the seventy-foiir-year-oid In venlor got little lm( lbanks and a kiilghlli«»od for bis kork. He inaiu- *talns be lost -money through his lu veiiViou. ’ ' *■ The story of the btuidunaker Is an interesting one. In April,' It Mo. «fl«+ lie bad spent' U>ousands 'of dollars in experinieiHiil work,"^government ex- . IKTls were convinced of.the directive ness of the bomb and ordered oO.UMO supplied quickly* Uy working day and ulgbt Mills vvil» a'bTe to deliver b.tgMI the- following month. In lt*21 Mills asked one English penny for eaeh of the To.MPU.*#*** used as a eonmiereial r«WaRy, but the royal eomniissioii' on awards to inventors granted him approximately .$l.'IS.O(gl. Two years ago, in contesting a tax ty live government. Mill,- ■•aid he IijhT lieeii* gl~ciST*r<Tf"rs*TiTp-rTTwnmn Ufaclure of only 4,000.00*1 of the bombs, from which he derived a net profit of $:»!#•.4tk'>. *)n this amount he paid an income lax of .Sso/JOTi and an excess profits tax of Nk’A.TlO. leaving an excess of luxes over- protits of $.-»7.4!>0 and In addition was |*aying a supertax of KiO.OtlO. "v. The master of rolls expressed bis f T f f T f T T f T t t T t ❖ A ♦> • Hsrd Boiled" vi. "Esiy” Banker In mother ikpeet the people- of thc-fj community have a part to play In main taining The soundness of their banks, ami that is through the medium of patronage. The existence of a batik is dependent on public patronage. If only those banks were patronized in which the most careful policies were practiced and the most contentious and able men in charge, it would go far toward maintaining the standards of banking. If business men in a com munity when refused loans by their banks for good*'iiid sufficient reasons because comfinons are not favorable, thereupon withdraw their business to banks where less careful methods pre vail, they clearly contribute to the cre ation of a less sound banking situation. Mis. (ieorgia McArthur, of Vidalia, Ga„ who was called to Barnwell on account of the 1 death of her sister, Mis. John K. Snelling, is spending a few days here with her sister, Mis« Dmu Greene, and Judge Snelling. . Ship 38 (.'rates. . Thirty-eight crate* of asparagus wtye shipped by express from Burn- well Monday afternoon. * ' i sympathy with Mills' predicament, I’lit said sympathy could noL aID*vt the iptesthm -of iwV awl Mills was ordered, to pay'. * • * • The -change from bombs to bulbs was an easy one for the Inventor, who has maintained try interest in llori- UMnltnre for years. He is a collector of aTksmd books, of which be lias an fcxiemrtKe knowledge. CITATION NOTICE. The State of South Carolina, County of Barnwell. By John K. Snelling, Esq., Probate Judge. W HER AS, George O. Cadden hath made suit to me to grant unto him Letters of Administration^ cum •testamento anr.exdl estate of and effects of J. Whe THESE ARE THivriting.IE, to cite and admonish all and u, Sihgular the kindred and creditors of the said J. W. Wachter, dccca-cd, that they be and appeal beftre me, in the Court < f Probate.to be held at Barnwell, S. Also If, in the heat of compalillom on Saturday, April 11th, next af ter publication thereof, at 11 ojclock in.th«..lAU*uuuuvi*Ma^ pnthr tHth GmFs work everywbei'e. I a bankgr offers higher Interest rates )rvlea to Attract custom- era-tha^tlie earnings of conservative banking justify, and Is encouraged by the patronage of the public as against more Irons ervatlvo bank, obviously tbo public is again playing a part in . bringing- about a less sound banking situation.\ It Is an unfortunate fact ;t tho banker who is strict, "hard ■hMKMvT.o. ifl liable to be Pups Is p to Jurist who May To Divide Odd Sim FrnuelseiiS-Tlie^ bears Ihe divorce suit of Ellen Hnitou will have to be tU mon. He’s going .to be obliged to' vide five pupa between two persons. The five small fox terriers were named as comm unify property by Mrs. Hrufou in her. suit for divorce tiled by AMorney S. M. Modry. Mrs. Ui’itton charged Artlinr J. Bru ton. a roofer, with cruelly. He falsely accused her of associating with other men, was Jealous, and failed to pro vide for lier, slie claimed. Also., he made.her nervous When they went au tomobile riding, by drivjipwtoo fast s,ii> temlier 18, . M divorce and Info cannot teae'lty prop erty. which . consist.su 0 ; n .urninire and automobiles—ami the five pups.~ ~ The. Bruty fi^l.028. Inpc they have, why the said Administra tion should not be'granted. Given undtr "Ifty hand this 1st day Of April. A D. mi. JOHN K. SNELtlNG, •Judge of Probate, Barnwell Co. Published on the 2nd. day of April, 1031, in The BpmweH People-Sentinel. - > ?\" Our Lot* to God (jur love to God brings us a gleam In earth’s darkness tS» show us whither we are going, ft /keeps us lu sym- It ifl our'enlistjneut in the army of good will toward men.—Isaac Edward- .KBk r / ' ■ ' . ' " Men of Genius , Men of are often dull and Inert ip society, us a blazing’ meteor whefi It descends to earth, Is Mnly a stone,-‘-'i.upgfeUow. . J- ' * Before Placing Your Next Order. } T x T ? T T T T t T ❖ In spite of the fact that there has been no material decline in the prices for printing material and labor, we are quoting very attractive prices on general commerctal printing, such as ^ “ LETTERHEADS, NOTEHEADS, BILLHEADS, STATEMENTS, ENVELOPES, HANDBILLS . . * . . . frr- Also send us your orders for Typewriter Ribbons, Manuscript Covers, Legal Blanks, Etc. N. M jir: V^ena loss inyohr' ’fila, ompt and Courteous Attention. t The People- t Phone No. 89 -*r- Barnw<