Historical Newspapers of South Carolina

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■ - w . ■ BP’ T^E OPPiaAL NEWSPAPER OF BARNWELL COUNTY.* Consolidated Jane L 1925. 'Juist Like a Member of^he Family' VOLUME LV. BARNWELL. SOUTH CAROLINA. THURSDAY. NOVEMBER 5, 1931. NUMBER 19. SENATOR BROWN PROPOSES BANK LIQUIDATION PLAN LOCAL MAN SEEKS TO MINIMIZE DEPOSITORS’ LOSSES. Says Foreclosure of Bank's Mortga- ges Will Ruin Country and Help Depositors Very Little. There has been much speculation as to what i s going to happen in the matter of liquidating the Bank of Western Carolina, which closed Octo ber 15th. Senator Edgar A. Brown, who with W. Lemon, representing some depositor?, attended a meeting cf depositors’ representative? at Aiken last Friday morning, when asked about the matter Tuesday made the following statement: “The affair? of the Barnwell Branch 'of the Bank of Western Carolina, the only one with which I was intimately connected, are in excellent condition. That there are a few losses, caused by property values going to nothing, is true, but the Bank of Western Carolina’s lo*ses are no greater in proportion than other banks. “I think insofa r as the "Barnwell Several Legal Sales Made Here Monday Fairly Large Crowd in Attendance at Sales Made by Master, Sheriff ^ and Probate Judge. Bunch i*.concerned.—the. maximum -bough* hy Umu*s, if the branch were liquidated separately, would be twenty-five or thirty per cent of the deposit#. We have worked cn a plan to have the Barnwell Branch cut off and allowed to reofganize and to reopen, but there i* objection to this on the part of some and whether it is possible to do so o r not is still un-ettled. “At the meeting in Aiken last Fri day I proposed, I believe, the only sensible plan cf liquidation, in case . liquidation is necessary. It is a known fact that if every mortgage A fairly large* crowd wa# in attend ance here Monday at the legal sales mad e by the Master, the Sheriff and the Judge of Prebate. There was also one receiver’s sale. The bidding was not lively and most of the proper ty was bid in by the mortgagee#. Sales made by G. M. Greene, Esq., Master in Equity, were a p follows: The Fiist Carolina* Joint Stock Land Bank vs. H. A. Rich, et al.; 162 acres in Blackville town-hip. bought by th e bank for $900. The First Carolinas Joint Stock Land Bank vs. Mrs. Reka Rich, et al., two trWets of land of 122 acres each in Blackville township, bought by the bank for $2,100. The First Carolinas Joint Stock Land Bank vs. M. I. Walker, et al., 325 acre# in Barnwell township, The Southern "Cotton Oil Co. vs. R. M. Jenkins, et al., five tract* of land in Great Cypress town-bif), totaling 992 acres, one-third interest in a he.use and let in the town of Kljne bought by the plaintiff for $3,050. . In the Pi hate* Court sale in the case of Orlando and Thurman Black vs. R. C. Black, et al., tract No. 1 containing 89 acres and tract No. 2 containing 20 acres were bought by Thos. M. Boulware, attorneyr for $450 and $50, respectively, while tract No. 3, containing 52 acres, was B S. R. PASSENGER TRAIN KILLS BARNWELL COUNTY WOMAN Dunbarton Church Destroyed by Fire Flames Discovered Shortly After the Morning Service.—Loos Partial ly Covered. that the Bank of-.Western Carolina, by Har j ey and B , attf att3r . holds is foreclosed within the next * ne y S f or $•> 000 * G. M. Neeley, receiver for the Bank of Olar, sold 75 acres of land in Dun barton school district for $152, the property being bid in for Dr. «L. W. Anderson, of Wilmington, Del*. Several sales under tax executions were also made by the Sheriff. is yea r or two, the property will" bring nothing, people will be dispossessed cf their property and homes and jn the final analysis depositors will get little, because nobody h*r money with which to buy anything. My plan of liquidation is simply this: To value the paper 8 that the bank holds, put ting a separate valuation on each, at a minimum figure; then it is easy enough to figure what percentage each depositor i* entitled to and allow the depositor to exchange his deposit credit for the securities in the bank, thu s simply giving to the depositor that which he is entitled to; to-wit, the security that the bapk holds for the money which has been lent out. The depositor would have his security assigned" to him and he could carry the account, or foreclose it at his pleasure, but in many instances a depositor could take over a mortgage or good note and get his fall amount of deposit out of the paper. “If, however, a receiver is appoint ed, authorized and directed a to and does' close ci^ everybody, the country side will be cleaned out and deposi tors will get nothing. Take the case of a real estate mortgage for $1,000; foreclose that mortgage and th e cost of foreclosure will be $100.00 or more. The same thing applies to a chattel mortgage; .send a ride r out to foreclose a mortgage for $100.00 and when the stack is brought in, fed, ad vertised and sold the costs will proba bly be $20.00. If this procedure is followed with all thg. papers in the bank, most of the money will go in costs of foreclosure and sal® of property, because the property will bring nothing. In the plan which I have suggested, there will be no fore closure and depositors will simply ex change their deposit credit for securi ties, in like amounts that are in the bank. “In the case of the average receiver ship, it runs from three to five years and the depositors get dividends of five and ten per cent, along every yea r or so. Under the plan which I am urging for the Bank of Western Carolina, the bank could be fully liquidated within a year. “This tfe the only plan I know to save this country'. It is the plan that I believe the depositors of the Barn well Branch will approve, and which I shall urge in their behalf. If there are any suggestions, that any deposi-; FOOTBALL TOMORROW What {iromises to be a hotly con tested gamejCf foctball will be played her e tomorrow (Friday) afternoon be tween the Ridgeland and Barnwell high school football team*. Ridge land was the only team that defeated the locals last year and the Barnwell boys will be -ut for revenge tomor row. The game will begin at 3:30 o’ clock. All fins are urged to attend and give the team thefr moral sup port. Mrs. A. B. Berry. Cypress Chapel, the Baptist Church at Ddnbartcn, was totally destroyed by fire early Sunday aftemoon^ac- cording to information received here Monday. The congregation had at tended the regula r ~ morning service and the alarm was given shortly after the members had returned to their homes. It is thought that the fire started from th e stove that was-used to heat the building and becau*e of the very dry weather of the past several weeks the flames spread rapidly. It is understood that the loss is partially covered by insurance and steps will probably be taken to erect a new building at an early date. Cypress Chapel was one of the oldest Baptist churches in tK e county. Magistrate Killi Threatening Man Arthur Williams Fatally Shot at Store in Heldoc Saturday by Council Dunbar. DEPOSITORY CONSIDERED BY COUNTY DIRECTORS At regular meeting of the Coun ty Board of Directors held in Barn well Tuesday a moticn looking to the establishment of a depository was made. After full discussion, the mo tion wa s very favorably considered and the members of the Board have taken it under advisement until the next regular meeting in December. The following was-NSubmitted to The People-Sentinel this week for publi cation: “The purpose of thi# motion is to establish a banking system for the people of this county, which appears to be necessary. Knowing the history of th e Commercial Banking System, which has been operating in the coun ty for the past ten years, i. e., that in 1921 there were nine banks in. Barn well County; today, 1931, there are none. The nine banks referred to have all closed their doors,.thereby causing a great loss to Barnwell County and to the people of Barnwell County who were depositors in them. The s e losses were caused because of the loans made by the officials of the Commercial Banks. This statement we know to be a fact. •* “Now, believing that the people of Barnwell County have lost confidence Ashleigh, Nov, 2.—The friends and relatives of Mrs. A. B. Berry wore shocked to learn of her death Sunday morning, Octobe r 24th. She had been in the • Commercial Banking System, ill for several days but her condition! w e do not believe that the people will was not con*idered serious. She Is! deposit money and valuable papers in survived by her husband; one step- a commercial bank. Believing this to acn, Addison Berry, and two step- be true and knowing the need for som e daughters, Mrs. John Miles, of Met- place that the people can deposit what ter, Ga., and Mrs. Annie Redd, of money they have left and checks that Augusta. they might have in hand from time^to time—the necessity of which will ap pear to us all—it is believed by this Board that the best plan that can be ♦ ♦ Ashleigh News. ; wa3 reported by all tor has, I would like to have tnej benefit of it. It is certain that I doj --*• participate in o r to ceivor. Ashleigh,. Nov. 2.—Mrs. J. M. Hal- ado P 4 - ed for the safety of the future ford and children spent Sunday in depositors will be for the County of Barnwell at the home of Mr. and B an,w dl to operate a Depository un- Mrs. W. O. Halford. ^j der the supervision of the county of- Mr. and Mrs. M. N". Black were visi-! fi fials7 the main features of which will ters at the home of Mr. and Mrs. D.; ^ I. Ross Sunday. ^ [ “First. The use of a banking house Mr*. Gladys Knotts returned to her, a strong vault and all of the fa- home in Barnwell Saturday, after edities of the present commercial spending a few weeks at the home • Those in active charge of the of Mr. and'Mrs. J V M. Halford. , Depository to be bonded and every- Mr. and Mrs. J. L. Owens spent thing properly insured. The Deposi- Monday in Barnwell at the home of ^ or * v wou ld function by receiving-de- Mr. and Mrs. Bdice Creech. | P osit s and rendering to the depositor A number of friendg and relatives the same service as is now rendered gathered for a birthday dinner • in a commercial bank, but a deposi- honor of Mrs. Harhp Morris Sunday! t° r 8 money would at all time s be sub- Oct. 24lh. She received many lovely ■i 60 *' to his withdrawal in cash or by and useful gifts, and a pleasant time c heck-.. None of the money deposited in the Depository woul(T*t)e or could be loaned cut. This would guarantee agree to any plan of liquidation that will cause a wholesale foreclosure on the people of my county ajt this time. am sn receive proxies and I urge everybody who ig a depositor in the Barnwell Branch, immediately upon receipt of : ..to the depositor that his monev oould the Committee to not be losfln any manner. Should the “Within a few days the Bank Ex- j the notiee and "proxy to sign the aminer will send out notices of meet- proxy and send it in to Mr. Lemon ing of depositors, to suggest a Re- or my seif.” Depository have on hand more cash at any time than it deemed wise, it would be converted into Government Bonds, which would be kept subject to tire order of the Depositor. The strong feature of 'this Depository to the de positor would be that the money that he deposited could not be loaned out and would be handled by those heavily bonded and under the direction of the county cff^cials. “Should any person desire to bor row money, he could make his- wants known to the manager of the Deposi tory and state the security which he wculd effer for such a loan. The man ager of the Depository would make known this request to some depositor whom he knew had the money which he desired to loan cut. He would, therefore, bring the lender and the borrower irl touch with each other and the lender*would pass upon the securi ty offered and if deemed sufficient wculd accomodate the borrower. The operation of this Depository would be a guarantee of safety to the depositor because hi s money could not be loaned out; it would render all necessqry ser vices to the depositor, including the seivic e of bringing lender and borrow er of money in contact, thereby ren dering the additional service of fur nishing a borrower for all money that was ready to be loaned out and ren dering the borrower the service of putting him in touch with money that he could borrow if he had the proper security. The details of th e working cf this Depository will be worked out by the State Senator and members of the House, the County Board of Di rectors, the Treasurer, Auditor and Clerk of Court of the county. “To reiterate, the main feature of thi? Depository will b e to safeguary deposits of all kind by not lending out a depositor’s money, which we recog nize today as the cause of the losses sustained by the people of Barnwell County through the commercial banks as they have been run. The Deposi tory will, of course, make a minimum charge to each depositor for keeping the acccunt and for other services ren dered. - This charge, we presume, would run from fifty cents up, accord ing to the volume of business and the expense necessary to handle a deposi tor’s account. - “The profits derived from the run ning of this Depository would be turned into the general fund of Barn well County and in a few’ years we be lieve the numerous accounts handled, for which this small charge was made, wrould be sufficient to reduce the pres ent levy for running expenses for Barnwell County. “Th# Depository w'ould furnish att necessary banking facilities needed in jktPWnl 1 Allendale, Oct. 31.—Arthur Wil liams, of near Appleton, was shot and killed by Council Dunbar, Allendale County magistrate, at 2 o’clock this afternoon tn 'Beldoc, about M> miles from here, according to the sheriff. Claiming self-defense, Magistrate MRS. MARION W. WISE MEETS. INSTANT DEATH. Mc4her Had Just Left Her Ckildre^i at School and Was En Route to ^ Parent’s Home. Mrs. Pearl Wise, wife of Marion W. Wise, was instantly killed Monday morning about 9:46 o’clock by a Southern Railway passenger train at Walker Station^ crossing, a few miles north of Blackvilla. ^ Mrs. Wise, whose husband is a prominent farmer of that section, was traveling alone In her Chevrolet coach and was en route to the home of her mother, Mrs. Lula Walker, when the accident happened. The train^No. 19, from Columbia to Savannah, arrived at the crossing about 9:45 a. m. It was ’in charge of Conductor J. W. Blanton, of Charlotte, and Engineer Harry Burkett, of Columbia. The scene of the accident is about five mile 8 north of Blackville and several miles from the Willbton #chocl r where Mrs. Wise had juat taken* her two chddren, Anna Marion -and J!ohruy%Her husband.waa-Ai hoaaa~ at the time of* the tragedy. The auL'mpbile was badly wrecked by the train and Mr*. Wife’s body horribly mangled, both arms being amputated and the scalp half torn off, according to information received here. The only eye-witness was a negro man, who viewed the accident from his home, ectnk distance from the track. Besides her two children and her husband, Mrs. Wise is survived by her mother and the following brothers and sisters: Mrs. Richard Salley, of Orangeburg; Mrs.. Esther Reeves, of Savannah; Robeat Walker, Dunbar surrendered te^ypnty authori- ti., >nd *2.000 MLU~g££at|. mtSTm+mTui He wa a charged with murder. It is alleged that Williama and nan, Ga. Texas, and Asbill Walker, of Savan- several other men were drinking and i that they went to Beldoc for the pur pose of dragging Magistrate Dunbar out of the small store he has been operating there and beating him, ac cording to Sheriff H. C. McMillan, who said he was informed that Wil liams, as he walked up to the porch of the store, said: “I have shot at nine men and killed five; I might as well make it six.” He is alleged to hav e drawn his gun after making the remark, but Magistrate Dunbar shot him three times before Williama could fire. According to Sheriff McMillan, Wil liams* had shot several people, In cluding his uncle-in-law, whom he did not kill, but Williams was not taken before the grand jury. W. H. Bennett arrived shortly af ter th e shooting and brought Dunbar to Allendale to surrender to the sheriff^ R. Murdaugh, solicitor, was in Allendale, with Judge J. Henry Johnson and bond was arranged for the magistrate. Williams has resided nea r Apple- ten for the past several months. ‘ He has’served about five years in the State penitentiary. Magistrate Dun bar is well known throughout this section. Williams is survived by his wife and two children. Date of the inquest ba s not been set. J. Wade Grubbs. The many friends of J. Wade Grubbs, ag e 29 years, were shocked to learn of his sudden death which ooeuired at five o’clock yesterday "(Wednesday) morning at his home here, following a heart attack during the night. Mr. Grubbs and his family had been making their home in thi s city for the past several months, following his appointmept as deputy sheriff. Previous to that time they had resided in Blackville, where he was engaged as a commission merchant. He had many friendg who will sympathize with his family in their bereavement. Funeral services will be conducted this (Thursday) afternoon at three o’ clock and the body Vill be laid to rest in th e Blackville cemetery. Mr. Grubbs is survived by hi 8 wife antee to the depositors that money could, not be lost. “Criticisms and suggestion# are in vited-from the citrzen s of Barnwell County to be made at any time to any member of the Board, or to the Board at the next meeting.” anTMrs. W. S. Grubbs, of Blackville; four sisters, Mrs. Howell Delk, of Hilda, MrJ. Jeff Black, of Barnwell, Mrs. Willie Gantt and Mrs. Henry Bodiford, of Blackville; two brothers, J. Buist Grubbs, of Barnwell, and J* D. Grubbs, of Blackville. Funeral services were held at 10:90 o’clock Tuesday morning at the Blackville cemetery with the Rev. B. H. Duncan, of the Williston Baptist Church, in chargs. Pallbearers ware: Dr. J. E. Moloney, H. L. Buist, C. R. Boylston, B. M. Creech, H Jeff Hair and Alec Weimorta. # J TEACHING MISSION ON THE GREAT COMMISSION The Dioseses in the Province of Sew- anee are conducting a Teaching Mis sion on “The Great Commisa’on? througbeut the month of November. In the Dioceee of South Carolina this Teaching Mission will begin on Sun day, November 8th, and continue through the last Sunday In November. In every Parish and Mission in the Diocese there will be a Mission con ducted by trained Missionaries from other Dioceses. This: Mission is to create a greater spirit of activity for the Church and make each commun icant feel the responsibility of hia or her duty to the Church. Alao to have a rededication and^ reconsecration of lives to the Service of God. In the Church of the Holy Apostles at Barnwell, the Teaching Mission will be conducted for two days, be ginning Wednesday, November .11th, the hours to be announced later. The Mission will be conducted by the Rev. T. A. Schofield, of Lake View, Fla. Mr. Schofield comes highly recom mended and it is believed that his Mission will be quite successful and create a great spirit in the Church here. - Services will be held three time s a day—one in the morning, a conference in the afternoon and a service at night. All communicants of the Church are urged tb attend all of the services, or as many as they possibly can. The public is cordially invited to attend the services also. To Speak at Baptist Church. Sunday morning the congregation of the Barnwell Baptist Church will have the privilege " of hearing the Rev. W. S. Brooke, cf Columbia, Who comes as the representative of the General Board in the interest of the Promotional Work of the State Coll ate in having the opportunity to him. For a number of year 8 he pastoj. in Danville, Va., and tton'and Lake City in this State, is an attractive and and will be greatly who hear