Historical Newspapers of South Carolina

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Blackwood Criticized by Barnwell Senator During the Past Week Edgar A. Brown Blames Governor for A Little Sense and Nonsense About Failure to Sell Bonds.—Dis cusses Finances. V, A resolution to investigate the-fail- Ure of the People’s State Bank cf South Carolina and a speech cn State finance by Senator Edgar A. Brown, of Barnwell, occupied the ' Senate Thursday morning. Beginning a speech in oppos^ion to a house bill to postpone th e penalty for non-purchase-of automobile licen ses, Senator Brown included a discus sion of the State’s finances. He de clared that had $10,000,000 worth of highway bonds been s.old last fall, neither the Bank of Western Carolina People You Know and Others You Don’t Know. Prof. D. Hoye Eargle, eu route to school, wearing an overcoat and car rying a raincoat on his arm. . . . A local man commenting on, the Jer- vy anti-prchibiticn article in a recent issqe of The News and Courier, wherein it was stated that the proper way to drink liquoj,, is while eating, the Barnwell man declaring that if one wants to get drunk- “all over,” that is the proper method to pursue. . . . Various and varying esti mates as to the probable length of the present session of the general asscm- BANK OF WESTERN CAROUNA WORKS ON REORGANIZATION GETS FURTHER EXTENSION TO PERFECT PLANS. Committee-Will Seek Help from Re construction Finance Corporation Recently Created. * ' At a meeting of the stockholders of the Bank cf Westein Carolina in Aiken, Jan. 18.—Art order of Asso ciate Justice John G. Stabler, of the Aiken hriday, the Committee on Re*! (State Supreme Court was filed here nor the People’s State Bank of South j • • Springlike weather con- Carolina would have been closed. | juring up visions of .early asparagus. Banks lost considerably, he said, as • causing farm activities the highway department withdrew its* deposits to take care of the building program and the bank s had to sell their securities at reduced prices. The senator laid the blame of the failure to sell the bonds last fa‘11 at the feet of Governor Ibrir C. ^Hack- wood. He said that he had advised the governor to authorize the sale. “I wa s aghast to rea d in the gov ernor’s n^essage to the joint assembly to find that the theme was economy, and that he recommended the issuance of bonds to retire the State deficit. “The governor’s colossal mistake was when he refused to authorize the sale of bdnds last fall when they could have been disposed of. Pro ceeds from the. bond sale would have kept the bank deposits a-t a .normal to take bn a little new life. v LloytJ Plexico telling the fallowing fish story: He was fishing in a low country stream Thursday and hooked a large /trout, which immediately went under some sunken boards in the rice field “break,” breaking the line and causing the Toss of the fisherman’s favorite minnow. A few minutes later, Plexico heard a splash in the stream behind him and saw the fish, on top of the water, shake its head and throw the minnow from it s mouth. He retrieved the bait and /proceeded to cat^l seven more trout, bringing his total for the day to 12 trout and one rock fish. ... A man with a small hand bag, the leath er being highly polished by continual rubbing against his pants leg . . state. The^refusa'f to' aut'horize 'the Em >’ lo >' e ot • >«*' concent agraid to . , i j cr. , » , i go into a yard because of a watch sale has wrecked 50 per cent of the i ® • , , . „ , dog and asking a s ma *l hoy to go along with him for protection. A program of piano music played by Miss Elizabeth Hagood, daughter of Mr. and Mrs, M. B. Hagood, of this banks since October Tst.” ^ He said that bankers would laugh at the idea of retiring the State defi cit at this time by a bond issue. Continuing his attack oh the gover nor, Senator Brown said that he had used 3-1 1-3 per-cent, more than ap pro pi iated Jast year for the State con stabulary. The governor’s request for the executive department was an increase over the 1931 appropriation,. , ti. .. • ■ * i .! early one morning he said. It was opinion of almost . ... everyone, Senator Brown said, that the governor had failed to start “cut ting at home.” To illustrate his point that the budget commission had not put the State on a sound baste, Senator Brown i mon ^ , ., ., ,» ... ,, weather following the delightful sum- said that the appropriations would; .. , , , . , 9 , ot nr , n ., tt .meitime warmth of the past few total $184,000 more than the “reason- , ^ ' ,, . . 1ftoo fj,, 'weeks. . . Col. Harry D. Calhoun, '-ably expected revenue for 1932. The i , ^ , , . . . x . ‘ . I of Denmark, telling how his brother, hvdro-electnciitax and the chain store | T . , ” , v " L ..j u j Lonnie used to “rout the bull at ^TrtMkirtg^iTnT^--^n--» > ^ ld --^ i m i "g a sn’ a he could warm his feet. Nowadays Hearing on Delay in Appointing Receiver Hon. W. M. Manning, of Sumter, De livers Address on State's Firan- * cial Condition. Justice Stabler Mi ikes Bank of West ern Carolina Case Returnable f Before Dennis. organization of said bank made a very interesting report and submitted a substantial plan for the reorganiza tion of the bank. The meeting was attended by Albert S. Fant, State Bank Examiner, who approved in toto of the plan of reorganization. The plan of reorganization, which must be aproved by both the stock holders and depostors of the bank, is substantially as follows Depositors are to -be asked to charge off fifty per cent, or approximately one million dollars of deposits, which according to the statement of Bank Examiner Fant and the reorganization committee will place the bank in a perfectly solvent and going position and enable it to re-finance through th e two-billion-dollar Reconstruction Finance Corporation, which ha s just been provided by Congress, and there by enable the bank to make available to depositors whatever they may have to their credit after the fifty per cent, charge off. It will be recalled that the Reconstruction Finance Corpora tion proposes to lend to solvent banks, railroads, insurance companies, etc., who have slow paper, on a three to six-year period. It was further reported by the Committee on Reorganization that stockholders would be required to re duce their stock fifty per cent, and under the re-organization plan stock- city, and broadcast by Station WIS | holders are not to receive dividends in Columbia. . . .\ Four stray I from the bank until such time as the mules opening a water spigot in a j earnings cf the bank are sufficient to, local yaid while enjoying a meal of | and have re-paid the depositors the tender young winter rye ond doing fifty per cent, of deposits which they more or less damage to the shrubbery one morning. A visitor from Blackville telling Sheriff Dyches he wanted to pay him some money—a most unusual state ment in these days of “repression” when so few people “want” to pay A touch of wintry Tny-^W/mli) mil ho nrllnntpH hpfpnsp j Lonnie^ “shoots the bull.". both laws would be taken to the su preme court, according to the sena tor. He predicted a deficit at the end _ _ ... of 1932 of $1,954,010.75, based on the _ . . . budget commission’s recommenda-, tions. • Returning to the governor’s office, he asked, why the budget commis sion had recommended a straight 10 per, cent, salary reduction except for constitutional officers. “I am coura geous enough to state what every one is thinking,” he said. “That is, that prmnnmnr ha,, not ftet frhp riffht 6X- ample by cutting his own depart-* ment.” are asked to charge off. At the meeting Friday the bank examiner, Mr. Fant, reported that since the closing of the bank, his agents had collected approximately $217,000.00, which with moneys .on hand at the time of the closing of the bank had enabled the institution to pay off all its obligations, except de posits, and has on hand in cash at this time approximately $38,000.00 in cash. Mr. Fant stated that in his ex- iperience as bank examiner he did not believe any bank in liquidation, over HEAR REPORTS AND ELECT umpire in a fire insurance settlement. ♦ Some Farmers Still Make Money Farming pne * Woman “Lifts”- Mortgage on Farm.—Another Farmer Reared $10,000 on Cotton. That it is still possible to make money on a farm i 8 the experience of at least two Barnwell County farmers that has come to the attention of The OFFICERS FOR NEW YEAR People r Sentinel during the past week. j One story dealt with a woman who in- A meeting of the congregation of Rented a mortgaged farm from a pie Church of the Holy Apostles was relative several years ago. Recently held here Friday evening, at which s h e lost several hundred dollars in a time the following officers were elect-| bank failure but at the same time was ed for the ensuing year: C. F. Molaic, the^possessor of 100 bales of ‘cotton senior warden; J. W. Ruff, junior war- 1 that were free of debt. In the mean- den; Dr. A. B. Patterson, T. L. Wragg, time, she had paid off the mortgage B. P. Davies and W. L. Molair, vestry-^ on the farm. This woman has been me n. j successful through careful, busiqess- f The following were elected dele-, like methods, advancing only small gates to the DicceSan Convention amounts of money per plow to her which will be held in Cheraw: Dr. tenant farmers and .share-croppers. A. B. Patterson, C. F. Molair, B. P. Ias a result, she ha s not sustained the Davies and W. L. Molair; alternates, heavy losses suffered by some of her J- W. Ruff, T. L. . Wragg, Charlie f e ii 0 w farmers. Brown, Jr., an3 Eugene "Brown.' } Tlii'other story wa^-atout a farmer the same period of time, had collected more 'money in proportion to fhe amount of assets, than had been col lected by his agents since the closing of the Bank of Western Carolina. The members of the stockholders and depositors committee were en thusiastic in their request^ ; that an extension of an additional thirty days be obtained from the Court to ehable the re-organization committee to work out plans of re-organization. The committee representing deposi tors reported that in case depositors today requiring Albert S. Fant, State bank examiner, and .certain stockhold ers and directors of the closed Bank of Western Carolina to show cause why a receiver should not be appoint ed immediately to proceed with liqui dation of the bank’s assets. The order, which i 3 returnable here January 25th before Judge E. C. Den nis of circuit court, also restrains the bank examiner and the directors and stockholders of the bank from paying out any moneys belonging to the bank. It was issued by Associate Justice Stabler on the petition of J. Ernest Thorpe and P. W. Townsend. Aiken business men. They went before Jus tice Stabler to obtain the order fhey said, because the resident Judge H. F. Ric e of this circuit, was a depositor of the bank. The order was obtained after stock holders cf the bank had taken action to have the time in which the affairs of the bank might remain in the hands of the bank examiner extended to al- < low a proposed plan of reorganization to be worked oht. Shortly before Jus tice Stabler’ 8 order was filed with the county clerk of court an order by Judge C. J. Ramage of Saluda extend ing the time for th e bank to remain in the hands of the examiner was filed. The petition on which Justice Stab ler issued his order named in addition to Mr. Fant as bank examiner the following officers and directors of the closed bank: W. B. Turner, B. F. Hoi ley, Albert S. Willcox, Frank P. Hen derson, J. D. Prothro, H. C. Hahn, W. W. Muckenfuss, D. K. Gantt, Ed gar A. Brown, M. E. Rutland and “all other directors unknown to petition ers.’ The petition alleged that a number of officers and directors of the bank and their business interests ar e large ly indebted to the bank and that noth ing has been done to protect the in- "tej^sts oL the depositors and creditors It has been the policy of the bank examiner and many directors am stockholders, the petition alleged, “to procrastinate, delay and frustrate liq uidation of said bank and they have rom time to time secured orders from rt on ex parte hearings granting d extending further time to said bank examiner and said officers ami directors in which to maintain and keep control and possession of assets and affairs of bank to great* damage, detriment and injury of depositors and creditors without consulting their wishes in the matter, and that said Albert S. Fant and directors and The second meeting of the Barn well County Teachers' Association for the present- school year was held on Thursday afternoon at four o'clock In :he Williston-Elko high school build ing. Miss Hattie Newsom, president of the association, presided, and Supt. C. K. Ackerman and his Williston- Elko school faculty had charge of the ogram. Th e programs for the de partmental meetings wefe as follows: Primary Departmert. Demonstration Lesson in Reading Miss Merdrue Free. Project Work in Language—Mrs. M. M. Player. i Supervision of Study—Miss Anna Sams Clarke. Intermediate Department. English in the Grammar Grades— Miss Eloise Quattlebaum. Reading in the Grammar Grades— M iss Kpte Kirkland The Problem Pupil—Prin. M. M. Player. High School Department. Planning for Teaching—Supt. C. K. Ackerman. Teachers’ Objectives—Mrs. A. B, Fairey. Class-room Management — Miss Hattie Newsom. General Meeting. The General Meeting was opened with devotional exercises by the Rev W. R. Davis. Music was furnished by the Barnwell County Orchestra, with a piano solo by Miss Adeline Rainey. The Hon. Winchester C. Smith, Jr., introduced the speaker, the Hon W. M. Manning, member of the House of Representatives from Sum ter County, who spoke on the financial condition of South Carolina and the work that the legislature has in mim for the good of the schools and teach ers of the Co. and Unity Grccery Store Robbed of Money. The local Unity Grocery Store waa entered and robbed of $125.00 in cur rency and a number of checks Satur day night. Entrance to the building was effected through a rear window. It is understood that when employes of the stoEo«-cIosed up Saturday night the money was hidden in a drawer containing peas. The thief or thieves evidently knew the hiding place, as nothing else in the store appeared to have been disturbed. Earlier in the night, a Chevrolet sedan belonging to the Grubbs Chev rolet Co., of this city, was stolen. J. B. Grubbs, owner of the company, had left the car parked near Tiis pladd 6f business and when he returned to get it he found that it was gone. This is the second automobile that has been stolen here in th^ past 'two weeks. The other, which belonged to Herman I. Mazursky, local attorney, was found last week in the Friend ship Church section. Mr. Grubbs' Car Recovered. • J. B. Grubbs’ sedan, which was stolen here Saturday night, wat re covered Monday by Sheriff B. H. DycWes. The car was found near tha place where Mr. Mazursky’s automo bile was abandoned a couple of weeka ago. Sheriff Dyches also recovered the parts and accessories taken from the Mazursky car. No arrests had been v made in the case prior to the time The People- Sentinel closed its forms. Local Woman Named as County Chairman • __ Miss Elizabeth McNab, of TUe City, Heads Better Homes Committee State. Representatives Sapp anil Griffin, of Lancaster and Saluda, respectively, were introduced ( and spoke briefly. After one matter of business was disposed of, th e association adjourned ttntil the ^ February meeting, which will be held in Blackville. for Coanty. NATIVE OF BARNWELL PASSES IN COLUMBIA Reports were also made by the who is 1 said to have cleared $10,000 on “We find {hat, due to unprecedented church treasurer, the vestry and the his cotton crop last year, although he economic conditions which now prevail was assigned the'duty of studying various plans of liquidating th e Bank of Western Carolina and to canvass the field for available persons to act as Receiver or Receivers, of said Bank, have made careful study of the mat ter and beg leave to report to the 4»11 rmrmnniffnn «c fr.ll^ WA: at a StbsequenY meeting did not ap- *frnrkhnldn>n h«nir prove of the re-organization plan it would recommend the liquidation of the bank under a plan known as the Exchange of Deposit Accounts for securities of the bank, which has been successfully used in other localities, whereby and whereunder the securi ties of a defunct bank are ratably and equitably distributed to the depositors. The report of the committee on that phase ofcvthe bank’s affairs was as folows; —— - — “Your Committee, to whom Woman’s Auxiliary. O. L. Weeks. Willistcn, Jan. 16.—O. L. Weeks, for many years magistrate and South ern railway agent at White Pond, died at hi^iome there. He suffered from ill jpdth for some months. Sur viving ne three sons, Bryailt and Ralph, of Atlanta, and Tom, of Jack- j sonville, and one daughter, Ciothilde, of Augusta. His widow was Mr*. Jen nie Weeks, of White Pond. sold it for just a little over five cents j throughout •-pound. the , Western Carylida, to He was favored with ex- liquidate the Bank of Western-Caro- cellent growing with seasons, result that he produced a little over a thousand ba!e s of cotton on 1,000 acres of land. H e figured his, cost of production about $15 an acre, leaving a profit of $10,000. This, of course, is an exceptional case of money hav ing been made in cotton production in 1931, as most farmers will testify. Mrs. R. S. Dicks and children were ^visitors in Orangburg Sunday. lina in the ordinary form of- liquida tion, that is ta say: by means of foreclosures, etc., would faring about two-results, (•) the almost total de struction of the business institutions of the territory served by the Bank of Western Carolina, and (b) the fail ure to really any sufficient amount on the assets of the said Bank of Western Carolina to warrant payment (CONTINUED ON PAGE FOUR.) secure another order from Tto court further continuing the time in which to manage, main^fdn and keep control of the bank and its affairs to the det riment, injury and damage of th e de positors and contrary to law and equity, and that the bank examiner, directors and stockholders have pro posed and are undertaking to put through and put over on the de no li ters and creditors an unlawful and in equitable and unjust ^scheme and plan of settlement with (Jepositots and creditors whereby said directors and stockholders would avoid payment cf their obligations to depositors and creditors.” The petition also charged excessive expenses during the time the bank has been closed, since October 15, and that the Real Estate and Fidelity com- Mrs. Mary Fishburne Bishop, wife of W. R. Bishop, died at her home in Columbia early Sunday morning, her body being laid to rest Monday morn ing in Bamberg. She was a daughter of the late Rev. Charles C. and Mrs. Mary Bellinger Fishburne and was born in Barnwell County. Vital Statistics. The following information on vital statistics for Barnwell District has been furnished by Hagood Harvard, registrar, of this city: 126 births, of which 27 were whites and 98 negroes. 67 deaths, of which 19 were whites and 48 -negroes.. All deaths were from natural causes with the excep tion of three negro homicides. . To Elect Officers. At the regular communication of Harmony Lodge No. 17, A. F. M., in Barnwell this (Thursday) evening a vote will be taken on the consolidation * of the Masonic lodges at Barnwell and Olar, following which officers for the ensuing year will be elected. A full attendance i s requested by Wor shipful Master J. E. Harley. Designated for Examinatior. Elmer W. Grubbs, son of Mr. and Mrs. J. Buist Grubbs, of Barnwell, ha 8 been designated to take the March 4-b4 onfranrp exnrninatinn, with a view to admission to the United States pany of Aiken has secured Tr iTpfefeF' ence with consent of the bank exami- _ ner and without knowledge cf deposi- Military Academy at West Point, N. tors and creditors to the amount of Y., on July 1, according to information $3,600,,which it claimed and obtained rece * ve( ^ here. Young Grubbg is a an ex parte order directing payment sophomore at The Citadel. The desig- of same, although it is liable to de- nation ' w** by Congressman positors and creditors as a stockhol- Butler B. Hare, der and tha^ said company is unable — ■' L ■ 1 ■- 1 Miss Elizabeth McNab, of Ban- well, has been appointed as chairmaa of the Better riomes committee fpr Barnwell County. This is the 11th nation-wide cam-' 4 * paign for Better Homes in America, an educational organization eatiUMh■ ed for public service in the intereefc v ef * home improvement. President Hoover is Honorary Chairman of the orgaa- ization and Secretary Wilbur is Presi dent. The headquarters office is & Washington, D. C., with Dr. Jaaies Ford in charge as Executive Director. The Better Homes campaign is da- signed to stimulate the improvement of housing conditions and bring abent a more wholesome type of home sad family life. The programs carried out by local committees are determin ed by the needs and conditions hi tin commuunity. ' Features include lec tures and discussions, exhibits, tests, and wher e possible the t rati on of one or more new or eled houses to show how the types of, homes can be provided for families of modest incomes at a coal within their reach. Care and progfaml as employment during the winter are los ing emphasized again • this year. These programs culminate in Better Homes Week which in 1982 will ba from April 24 to May 1. The findings of the President's Con ference on House Building and Home Owner^iip, which took place in the first week cf December, are giving added stimulus to the Better Homes campaign this year. The studies of the Vairinu Conference committees include such subjects as the design cf hemes, home construction, financing of homes, household management, home- making, landscape planning and planting for homes, the elimination cd slums and blighted areas, farm and village housing, home information centers, home furnishing and decora tion, and standards and objectives. to jneet its financial obligations” It also was alleged that “certain stockholders,” no names haring been mentioned, have conveyed pway their property since the bank closed and ers and others will “suffer irrepara ble loss and dampge.” The Bank of'Western Carolina, with headquarters at Aiken, had branches at Barnwell, Blackville, Ellenton, that urfes^ the court .appoints a re-^ North August)*, Salley, Wagener, ceiver to take possession the petition- Batesburg, Johnston slid Lexington. V / More than eight thousand communi ties took part in the 1931 campaign and Better Homes in America ig look-/ ing forward to even greater coopera tion in the coming year. Oner Elected Judge. Geroge Dewey Oxner, 84-year old representative Tfrom Greenville Com* ty, has been elected Judge of the 13th Jddkial Circuit to succeed the late Judge T. J. MaukHn, of Pickens, election wat on 13th Circuit vm.