Historical Newspapers of South Carolina

Below is the OCR text representation for this newspapers page. It is also available as plain text as well as XML.

R. C SJEPHF.NSO.V RINDS FOR HOMES SUPPLIED BY BANKS By ROME C. STBPHRNSON President Amerknn Bankers Association A LARGE portion of the funds re quired in homo building always has been furnished by banks. They \ . have shown con- ntantly a deep in- jPHIHk terest In the per- fortilanco of thi.) feature of national development. I'p on It rests much of our country's future stability, and any contribu tion to its xd- v a n c e ;n e n t redounds io iho advantaxe of al!. 8x» bankinx has i never pernflttcl Its co-operative altltnde toward home" buildinx to lessen. - Practlcally-aii banks now acc; pt sav- ^nxs deposits which can well l>e tunic I to the edvantage of the home builders. Tlie consii in lion nf individual dwe!!- Jags requires a larxh e.mount of ftnane- ins and is .a tliorourdily comnendald<» enterprise. N't eer.sjrily. th 1 * aid Riven to home build ra is •governed by the sound bnnkinx rules wiiicti have xroun out of the years of experlcmo and tho constant sl.iuiei'of bunk praetleca. All of the clforta madn to aeiuro broader r aLe late loon privilexjs, to adjust rr:<o.lives to make it pt s i:>1 ) lend lar; < r Mims for Ion;; terms. Iho ktantlardi/.alion of morlxaxe |<)au for mulas, and tl;e a< tmil lending of \:i-t sums on mortuaxe notes evidetu e l pc desire of l.anks U» contribute :x u!! measure of support to the tionu’-imil I- inx movenn nt. Tloa is trueof all da • cs of banks, but even in a more mark' d degree of thoso whose de009,11 a .Ate largely Tn tlie form of savings aid whoso loins are prlnirrlly for huildius or home pflrchasing puriMxscs. Bot!i Side'. Protected The proecns tlimnxli which hrn!: loans are made ,o|i real estate Is . siir.nlo as tlie nature of such an im portant .transaction will permit. Win .1 money is advanced tlie lendi r nu t know that repayment will be m.i' 1 - 1 tln» speclflod time. likewise the borrower wants to be assured that, after he has figured the loan on the basis of bis conservatively anticipated ability, to pay. he will not be required to do more, that be will not be disturbed in his ef forts to work out of his obligations ■ under those terms. Whether his agree ment is to repay the entire loan in three or five years, or on a monthly or yearly basis, he wants fhe assurancq that no additional burdens will be im posed upon him. All of this Is settled definitely In advance. There is no mystery about any of tho details, and when the negotiations tus complete the borrower knows just what he may expect and what he will In? re quired to do to meet his obligations. Loans made to persons who .wish to acquire homes are not necessarily building loans. Onn may wish to pur chase a home already constructed. In this form of transaction bank-hums :i:\) used very freely because it is the only kind of a real esiato loan some class ef banks may make. Others of course, may lend upon real estate with im provements uncompleted and advance funds as the construction progresses. Different styles in home financing have developed in the various suites, and banks have tried to adapt their facul ties to the needs. Whatever Vbaracter of assistance is required in.any par ticular instance usually can be found in some bank in the local community. Among banks and borrowers for home acquisition purposes a long estate liahed and thoroughly tested relation ship exists. Ranks are not the only agencies through which sucb funds aro available; they do not embody all tho spirit of helpfulness which abounds. However, through the'years of their co-operation their aid has been of un questioned value to the home builders whose efforts to establish a permanence for themselves havo received constant encouragement. Hankers everywhere are ready to. counsel with their custom- - ers about their home-building plans and to assist to the eltent of their abilijy. This Is beinfe done constantly and tho many advantages of It are not without recognition. Farm Service by a Bank A farm service department was inaugurated a year ago by a bank in Olympia, Washington, and a farm advisor appointed. Close co operation has been maintained with the state college extension service. Work in dairying ia car ried on in conjunction with *.he Dairy Herd Imp-ovement Associa tion. Also a pasture contest was held in cooperation with tho four banka in the county which offered prizes amounting to $100. Work in poultry was carried on In coopera tion with the Co-operative Poultry Association and aasistance was given in organizing .an economic conference for the benefit of berry growers. The farm advisor of thd bank is active in the Agricultural Council of the county composed of farm and other organizations interested hundred ness analysis blanks were distrib uted while farm account books and poultry record books were also pro vided to farmers and have been helpful In starting many fax piers t business records. f I he m uli rnity an 1 efficiency of ntefEvon drinking water will be cooled by electricity. A contrsict has been signed to make -available'for the 2. r >,- 000- tenants unit type coolers which will provide’ water at the proper temperature at any time of the day or night. Advanced electric .'refrigeration M|uipmi*rt and furnishings of the new Umpire State Huilding ar,. a s impres- ,sive as. its l^HO f«*t of height, or it< cl ud-piercing dirigible mooring mast. Elevators will travel at 1.200 feet a rn'mifc i.nd whisk a passenger from, tlie ground to the up|>crmost obser- \ at ion lev 11- the equivalent of 102 equipment built by the ■ same cpm- st<;rie*—jn lesj, than it takes to tell pany also will serve to protect fool uimut it. Electricity will play a major role in this super structure. When fully tenanted, 375,000 kilowatts of cur rent will be consumed every hour. in the exclusive Empire State Club, an organisation of prominent busi ness men headed by Alfred E. Smith, which will occupy the entire twenty- third floor. ‘ 1 * * v SOt-TH CAROLINA LANDS SELL BECAUSE OF SHOW Sale of 18,068 acres of farm land in South Uarclina during the paatSveek was attributed to the consciousfiess of land values awakened by the South Carolina products show'which was concluded^ kutuiday night at the Township auditorium in Columbia. The First Catplinas Joint Stock Lund Bank of Columbia announced that it had made eight sales of farm land during the week which totaled $37,800. Of the .-ale price ah average of one-fourth was paid in cash. The statement Issued by the bank s.:id that last week was the best in busi ness that it had experienced in some time and said the reason was undoubt edly the exhibition of South Carolina products at the show hear. • J’The *how,” the- statement read, “has brought out a consciousness of the value of South Carolina land. As proof of the value off the show to demonstrate the p«>»i£i bib ties of farm inSout^/t5> > noltna t the First jnas Jwit Stock Land Bank sales, of land to eight ilinians. Two of the sab Orangeburg County and one ^ Saluda, Darlington, Calhoun, | Lexington* York, and Aiken. 6 66 LIQUID or TABLETS Cure Colds, Headaches, Fever 6 6 6 „ SAIYC CURBS BABY'S COLD Milk Is Milk RECENT issue of one of this nation's great monthly, women's magazines had the following caption under an illu stration showing four cans and a bottle; "Evaporated^ condensed, pdte- ^Uc is milk just fering fro: dered or maltt the same." '* fBfeb Science beaV^ghj^ the above as sertion.' An artfcie entitled “An Experimehtal Study of the Use of Unsweetened Evaporated Milk for the Preparation^ of Infant Feeding Formulae", by McKira Marriott, M.D., and.Ludwig Scho- ’ enthal, .Dr.Med,, which Was pub lished dn-a recen^rfpsue of the Archives of Pediatrics summar- TW~ conclusions' as follows: lilk. is, from the nutritional idpoint, the full equivalent of pasteurised or boiled-whole .cow’s milk. “2. The continued use of evap orated milk as a routine food for “3. Evadhrated nfilk was found to be especially suitable for pfe- mature Infants. "4. Tho experiment proves evap orated milk,- when suitably mod ified, to Ire a satisfactory food for sick Infanta, I iso suf- tr^intestini "5. Tho sweetened sterility. Us ready £ » vO * ailk- , . Ifa ^tibilltya^xd ' —"are distinct advantages which rccom. mend it for*general use Us nrfik for intents.” A Word of Caution . • * .. ... . v?-.- m ” ’:•* No mother should Include either unsweetened evaporated milk or cessed milks mentioned above in her infant’s diet without first con- salting n physician. In fact no one but a skilled physician should ever determine any young in fant’s diet, and his Instructions T 1 > normal tafaata in nnattended ky shouM always be faithfully fol lowed.* • & iSai on -: Job Printing u Before Placing Your Next Order. In spite of the fact that there has been no % # ■ • x \ ‘Q , < ns material decline in the prices for printing material • > and labor, we are quoting very httractive - prices on general commercial printing, such as LETTERHEADS, * i - * NOTEHEADS, BILLHEADS, STATEMENTS, ENVELOPES, HANDBILLS Also send us your orders for Typewriter Ribbons, Manuscript Covers, Legal Blanks, Etc. W * i > Prompt and Courteous Attention. ’ ^ . il ■ < ■