The Barnwell people-sentinel. (Barnwell, S.C.) 1925-current, April 02, 1931, Image 4
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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
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(>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
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• 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.
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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- '
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Before Placing Your Next Order.
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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 ^ “
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NOTEHEADS,
BILLHEADS,
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. . * . . . frr-
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N.
M jir:
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’fila,
ompt and Courteous Attention.
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The People-
t
Phone No. 89
-*r-
Barnw<