University of South Carolina Libraries
THE OFFICIAL NEWSPAPER OF BARNWELL COUNTY. Consolidated Jane 1, 1S25. VOLUME LV. m . ■- . i ‘Ju*t Like a Member of the Family" BARNWELL. SOUTH CAROLINA. THURSDAY, MARCH 24, 1932. NUMBER M. Representation at County Convention ■ .. » 114 Delegates to Be Elected This Year, ar. Increase of Nearly 80 Per Cent. Over 1930. Bank of W. C. Deposits Become Negotiable on 50 Per Cent Basis Barnwell Negro Shot by Officers “It won’t be long now” until the voic e of the candidate i 3 heard in the land. Reorganization of the Demo- craj^c precinct clubs is where pros perity is supposed to b’e—“just around the corfter,^ the rules of the Demo cratic party requiring that the clubs meet this year on Saturday, April 23rd, which is the fourth Saturday in . — th e month, at which time delegates to the county convention, to be held at the Ccurt House in Barnwell on Monday, May 2nd, wilt he elected. The rules of the Demoeratic party also provide that each precinct club elect a president, one or more, vice- presidents, a secretary and a treas urer, and may have The following working' committees, cf not less than three members each: A committee on registration, an executive commit tee, and such other committees as each club may deem expedient. When the county conventioh i* to order on the first Monday in by Oairnjan Edgar A. Hr >\vn, ^^j^Khere should be 114 delegates present . from the 17 clubs in Barnwell Coun ty an increase of 51 as compared with two years ago, when oh^y 453 *were in attendance. This increase is due to th e fact that in 1928 there was " practically no oppo-ition for epunty officers, while in 1930 the campaign develcperf into a rather hectic affair, which brought out a full force. For instance, Williston jumped from three delegates in 1930 to 18 this year. Fcur years ago only 70 votes were polled at that precinct, while two years ago the total was 4r>l in the first primary. Under the rules of th< Democratic party in thi 8 State, the number of delegates to the county convention ia ascertained by the membership of the various clubs, one delegate being — elected for every 25 members^ or majority fraction thereof, based on the number of votes polled in the first primary of the preceding election year. According to this rule the clubs in Barnwell County are entitled td the following number of delegates: Vote in No. of Club;- 1930: Delgts: Barnwell 639 26 Bennett Springs 63 3 Blackville - 395 16 ’ Double Funds 29 1 Dunbarton 173 ' 7 Elko 154 6 Four Mile - — 67 . 3 Friendship 73 3 Great Cypress 113 6 Healing Springs 65 3 Heretfles 1 120 5 Hilda 129 ‘ 6 Red Oak , - 93 4 Reedy Branch 70 3 Rosemary 70 3 Si loam 83 3 Williston — 451 -18 TOTALS 2,797 114 Clubs in which the reptesentation remain the same are: Double Ponds, Friendship! Hercules and Hilda. Gains in representation are distribut ed as follows: Barnwell 9, Bennett Springs 2, Blackville 4, Dunbarton 1, Elko 5, Four Mile 2, Great Cypress 4, Healing Springs 2, Reedy Branch 2, Red Oak 1, Rosemery 2, Siloam 2 and Williston 15. In distinct contrast to 2 years ago, when the names of dozens of men had been mentioned as prospective candi dates for the various offices a month or more before the meeting .of the precinct club,'there has been little * discussion of politics so far. True, one or two men have been mentioned as being in “a Barkis-state of mind” for one office or another, but it will proba bly be a few weeks yet before any sombreros are shied into the ring. An “added attraction” in Barnwell this summer will be th e selection of a mayor and six aldermen to guide the destinies of the city for the ensuing two years, but so far the municipal arenH is as quiet a s county politics. ' This is an “off-year” in State poli tics, but things will be enlivened • omewhat by the Congressional and Senatorial races, and later the Presidential election will hold the ^.spot-light. Seen and Heard Here During the Past Week A Little Sense and Nonsense About People You Know and Others You Don’t Know. “Interested parties, beth men and women, looking over the bank exam iner’s leport cf the assets and liabil- Appraisal of the as. ; et s of the Bank of Western Carolina completed last week and the value, a s ccdnpared w’ith the bank’s liabilities, determined fo be 50 percent, an order of the Court by Judge E. C. Dennis, at Barnwell, au thorizes the bank’s receiver, T. G. Tarver, to proceed with liquidation cn this ba^is. The order of the Court specifically authorizes the receiver, as the first g tep toward efficient liquidation, to ac cept cash for the appraised value cf ities of the defunct Bank of Western .... ... r. .. ci • .u oi i ^ 1 eac h asset, plus interest to date of the Carcnn a now on file in the Clerk of;, . n ., . , transaction, on interest-bearing as- Ccurt.s office. . . And some ex- . , * . , ^ .... sets, or to exchange these assets with presWng surpuse (?) that the li-tedlj ‘ “ deposits do not quite tally with the re ported losse- just after the bank closed its doors.'*. . A young man and woman riding tandem on a mo torcycle. . . And two y: ung men, also on a motorcycle, being held up at the corner of Main and Burr '' ni ' nar >' a 'l agents of the bank, Streets by a bulldog. . . First located at the several branches cheeky for govemment farm leans. (throughout the -ection formerly serv- . . College girls home for the Eas-; e( l the. Bank of Western Carolina, ter holidays. . . A man remarking 1 in Aiken Friday afternoon, at depositors or owners or assignees on a ba-is of $1.00 of assets to $2.00 of de posits. Accord'ngly, the exchange of sh»- sets for deposits became effective on Monday, March 21st, and as a pre- that people are ^rone: to forget the I rand of weather from ( toe yrar t | an- < ther, an item : T Pe ple-Sentinel of April 3, 1930, stating that “some rf the older residents of Barnwell de clare that the past month has been me of the most disagreeable within their recollection,” the “cold, wet, windy weather” having retarded the holders, accrued interest, estimated cost cf liquidation, etc., over a period of two years. Against the total of assets thus determined is <et up in another column the total cf the bank’s deposits, less secqred and preferred claim.*, and off-ets. Thus it deter mined that, for purposes cf liquida tion exchange, the basis should be 50 pen-cent, or $1.00 of assets for $2.00 of depo-its. The 50 percent basis is not arbi trary, however. This does not mean, for instance, that small depositors who do not exchange their deposits for se curities will be limited to 50 percent in cash dividends. It is quire possible that in the long run they wdll receive a little more than 50 percent, perhaps 52 oif53 percent, p ssibly a little more. But the depositor who exchanges his deposit for an intere-t-bearing note, mortgage cr other security, will be getting a return on his money from the day he makes the exchange, and taking this interest return into con sideration he will receive approximat ely 60 percent against the possible 5 Persons Killed in State Over Week-end Young Aviator Is Killed at Columbia- and Automobiles Plunge Down Mountairaide. nn an possioie economy, nui .wr. — »**•'-—* •• * — — liver impressed the agents at Fri-, ' n K expected period of liquidation. iy’s meeting that they ,1^ now; For example, a depositor has $2,000 which time the plan was thoroughly explained. Net only is every effort or which it is expected being made- -to be J>a‘<Lin_ cash dividend^in units with all possible economy, but Mr. °t percent from time to time rfuP? Ta day working for the depositors. It. was on deposit. This he exchanges for a impre-sed that while the basis of $1,0G0 mortgage paying 8 percent. liquidation is now established at Should he hold this mortgage for . . m . ;,n Dercent this liasi* is made nossi-• years he will receive, in princi- growth c f asparagus and delayed the P« r eem, ini* ohm, is main pussi , * „ - ble largely through the exchange P*! an< l interest, $1,316.40, cr a frac- plan. Were the bank liquidated tion more than 65 percent on his de- through the forced sale of asset*, in' P^it- On the other hand, should he planting of other cn>p>. Several subscribers taking advan tage of The People-Sentinel’s free razor offer. . . . Some 6V& cents cotton being sold to buy fertilizer to make five cents cotton. . . Many nice things being said about the Jun ior Class pity, “At the End of the Rainbow,” which was presented at the* school auditorium Friday evening. . . . A politician boasting that 90 per cent, of the ladies call ..him darl ing, and a friend suggesting that he persuade them to “say it arith votes.” A recent convert to aviation de claring that his enthusiasm for fly ing had been somewhat chilled by the account of air fatalities in Mon day’s newspapers—the deaths of seven per«ons in the crash of a trans port plane In the West and that of a young pilot who crashed near the air-port in Columbia, . . . Shirt sleeves replacing overcoats. .. . A member of B. H. S. graduating class remarking that she liked the visiting cards printed by The People-Sentinel for some of her class-mates much better than she did the engraved card^ for which she paid much more. ' * Invitations to a dance to be held in Barnwell on Good Friday night. . . . Another disagreeably windy March day. . . A report that one man in a neighboring town has found the comer behind which prosperity is hiding—he is said to have made $52 in one day filling out farm loan application blanks for farmers. . . M. P. Hazel, of the Summerland Creamery, Batesburg, who says that his business is showing a steady growth, with new territory being constantly added. . » A copy of the Greenville Observer publishing in full the grand jury presentment which Judge Mann ordered suppressed from publication in the newspapers. th e usual manner, the depositors retain his deposit and does not aril or would probably receive not more than j exchange, leaving it to remain until 25 percent, it is said. j final dividend is paid, which will Since the bank has among it* as-1'•« rt »nly take three years, assuming set* a large number of amply secured, that he would get 60 percent on hts loans on real estate and farm lands a.«) $2.°06 deposit, he would only receive well as on other securities and many! *1*200 instead of $1,316.40 as men- notes secured by splendid endorse- tioned above, and ao would be the ment*, all or any of which are avaiI-l' owr ' n l° n lf run * T!* 6 advantage able to the depositor on the exchange' °f trading deposits for assets thus plan, it U expected that there will be .becomes self-apparent, an immediate demand for these in- J Every depositor, however, will re- terest-bearing assets. Through the ceive the same uniform treatment and exchange plan, it is believed, the re-'no favoritism will be practiced. In Five persons lert their lives and eight were injured in week-end acci dent* in South Carolina. One of the deaths came in a plane crash; the others from highway acci dents. • The three who died in automobile accidents all were from Greenville, and all died after accideents in West ern North Carolina. The plane crash was in Columbia. Grayland S. Dougla*, of Chesterfield, 8 member of the Columbia flying club, with but 17 hours solo flying to his credit, died instantly when his ship went into a tailspih at an alti tude of 100 feet. Douglas received his pilot’s license March 11th. Arthur Wi]«cn, World War Vettfift, Killed When He Refused to render Self and Gur* Arthur Wilson, 35-year-old negro, was shot and almost instantly killed here Friday morning by Sheriff B. H. Dyches, when the ferraer, armed with a shotgun, refused to surrender to the officer, after having shot at a negro woman. Sheriff Dyches and Chief of Police George Peeples were notified that Wilson was creating a disturbance in the western part of town Friday morning and when they located th« negro he was armed with B shotgun. Sheriff Dyches called to him ta throw down the gun and submit peaceably to arrest, but instead Wil son jumped behind a tree. The sheriff fired at him one time and again call ed to him to surrender and when he refused, the two officers opened fire, the sheriff with his pistol and the policeman with a shotgun. The negro fell mortally wounded with three bulletg and two buckshot in his body, and died before a doctor could b« summoned. The wound that caused hi* death was from a pistol >*■ bullet that struck him in the chest. A coroner’s inquest was held later .' ,a k A 11 ""l' 1 ’*" 0, l,f ( - re ™ villf, lm the day when the jury returned a was ki.Te3 near HreVara, WtT!!!?wWII I rerdict to 1 his automobile left^he highway and fn)m piito , ghot woundg Bt ^ h#|>di BRANCH BANKS OPENED. Blackville Gets Service -from .Barn- • * well ard Williston. Bernard Plexico, of this city and Basil Jenkins, of Kline, attended a ~ dance at Clemson College Friday night. Blackville, March 18.—Two banks opened in Blackville this week for the receiving of deposits and as deposi tories. # The recently organized Bank of Barnwell opened a branch Tuesday morning in the store of Simon Brown’s Sons. On Thursday the Bank of Wil liston opened a branch office in the building of the Bank of Western Car olina. T. O. Boland is serving as cashier of the Barnwell branch while T. L. Wragg is cashier for the Williston branch. Both were officers in the Bank of Western Carolina before its closing in October. BlacKville had been without bank- tnjrfariHtiwr feinee OfroDer. ' -*=*■«*• ceiver will fie enabled not only to pro gress more rapidly with liquidation, but under thi* plan the hardship* us ually incident to liquidation will be avoided. Instead of throwing the hank’s assets on an unfavorable and depressed market and foreclosing mortgages and selling out the proper ty of mortgagors for whatever it will bring, thus realizing only a small fraction of the value of the bank’s assets for the depositors, trartsfers of asset* will be made on the basis ap proved by the court, the effect of which will be that the bank’s liabili ties will be reduced in like ratio to its assets, depositors will receive in ex change for their now dormant depos it* i*ecurities which will begin im mediately to pay them from 7 to 8 percent, forced sales will be avoided and, mortgagors given time to meet their obligations, a much larger re turn will be assured. Although of primary Importance since it is the first step towafd ac tual liquidation and because it makes possible a larger return from the bank’s assets,-the exchange plan is however, only one phase of liquida tion. Any and all of the bank's assets are subject to ^ale or exchange and any particular asset may be selected by the depositor or exchange. It is believed that a very large portion of the assets *will be absorbed through the exchange arrangement within a short period of time. • th e first place, every depositor will have the same opportunity to select such a-sets as he or she may desire to secure in exchange for his or her deposit. Nothing will be forced upon any one. There are notes and mort gages, stock* and bonds, and the bank’s holdings in real estate from which the selections of assets may be made. And those who do not, for any reason whatever, trade their deposits, • . will receive uniform dividends as the money becomes available through col lection^ and sales. There are, however, several impor tant points bearing on the exchange arrangement with which the receiver desires the public to become familiar in advance so that there will be no rfiisunderstanding. Some of these follow: * The appraised value of asset* has been approved by the court and in no case is the receiver or his agents per mitted to accept less than this ap praised value without an additional court order ‘specifically applying to any particulhr asset. The a|>praised value is, therefore, not subject to bargaining and the re ceiver or his agents will not enter into bargaining of any assets. Direct offsets are to be allowed in accordance with the law and the gen eral custom of this State. All offsets have already been allowed and de ducted on the bank’s books. These off sets, it may be mentioned, aggregate plunged down a 160 foot embank- np*nt. Two companicn g were slight ly injured. John Spencer, of Greenville, died in an Asheville hospital from injuries received Saturday night near Mar shall, N. C., when his automobile fail- id to negotiate a sharp curve and diopped over a 60-foot embankment. . In tfl> same accident, Hobart Cam eron, also of Greenville, was instantly killed, and two other youths from Greenville were injured, one serious ly- Two youths and two girla from Columbia, were injured when their automobile was struck by a train near Cayce and carried 200 feet down the track on the pilot of the engine. Lee T. Beetle, of Savannah, a Sea board flagman, was ground to death under the wheels of his freight train Monay morning near Columbiba. of Sheriff Dyches in the discharge of his duty. The negro, who was a World War veteran, is said to have borne a very unsavory reputation. Former Bank Cashier Hurt in Altercation to Bueiress Transaction Supposed Have Caused Affair Be<weer. Boland and Gleatoa. Springfield, March 18.—C. S. Glea- ten was arrested here today on a charge of assault and battery with intent to kill B. C. Boland, former bank cashier, who was reported in a Columbia hospital suffering from serious knife wounds. The alterca tion occurred last night. Columbia, March 18.—Officials of a Columbia hospital said today that B. 0. Boland, who last ,night received abdominal, wound* in an altercation at Springfield, was not seriously in jured. The patient was able to sit up, attaches said. Springfield, March 18.—It is ported that C. S. Gleaton cut B. C. Boland with a knife, inflicting several wounds that necessitated taking Mr. Boland to a Columbia hospital during the night. Lawmakers Enter on Session's 11th Week Coafereace CoaiaiitUe on Appropria tions Met Tuesday Night-—Ad journ ai eat ia Sight. Columbia, March 21.—Mambaxs of the general assembly return to Col umbia tomorrow, to begin the 11th week of the seasion—a week which the more optimist ice hope will bring ad journment fine die. Time of adjournment now rests largely with the members of the free conference committee on the general appropriatione bill. Should the rep resentatives of the senate and of the house, serving on that committee, bo able to adjust {heir differences at the meeting tonight, «o that a report on the bill may be submitted Tuesday or Tuesday night, there is possibility of adjournment Saturday. However, should the' conferees have difficulty in reaching compromWes on items ia the bill, and their report bo held *P until the latter pert of the week, ad journment eine die will hardly before next week. There is yet much work to be The bill, giving the railroad sion authority to supervise the charged by power companies, ia ia the senate this week. It will likely arouse considerable debate. Also on the senate calendar ia the bill, passed by the house, dividing thd State into six instead of seven con gressional districts. The measure has been set as a special order for Toon- day night. Should the State not be divided into six districts, six con gressmen would be elected at large— lhat is, it would be a free for all race with possibility that two or three or more might b e elect* from the more populous centers. This hill has aroused much interest and de- Mr. Gleaton was carried to ther^bate on it may prove interesting. Any depositor may participate ~in approximately $150,000 and all are » Mr. and Mrs. S. V. Brown and chil dren, of Batesburg, spent the week end here with the former’s parents; Mr. and Mrs. Charlie Brown, Sr. the exchange and the $100.00 or small er depositor will be, given the same attention as the $10,000.00 depositor. Heretofore the manner of determin ing the value of the bank’s assets and the basis of exchange has been ex plained. In making the final audit the greatest care and the best of judg ment have been exercised. The audit and appraisal ha* represented, a vast amount of detail work. In one column has been placed the total of the bank’s assets appraised at a valuation based not upon what these assets, or any particular piece of property or other asset would bring under forced sale ue. Men who know values have been v *•« employed to make the appraisal. To gether with the assets, after allowing for all losses, depreciation, etc., has been included the liability cf stock- direct offsets. Offsets claimed by endorsers not in accord with general practice and which * r ® in conflict with the general law of equity, the court’s order speci fically states, will not be allowed. There will be practically no offsets al lowed to endorsers. The court order also provides that the receiver shall apply any dividends due endorsers to the liquidation, in part or in full, of any obligation own ed by or owed, to the bank on which the endorser is guarantor or surety. The order also provides that the re ceiver shall not accept assignments of ttPttflrtftng;: iBtrtnsftrrafr riniCir~ T Bi l f note or notes endorsed by them are paid or satisfactorily arranged. „ Every detail is now coplete ior '(CONTINUED ON PAGE EIGHT.) Orangeburg County jail, it is said by officers here this morning. Origin of the difficulty is not known, but it is alleged that some business transaction was the matter of dissension. Officers state that Mr. Boland was cut across his abdo men, and one of his arms was fear fully gashed. Mr. Boland had for a number of years been cashier of the old First National Bank, of which Mr. Gleaton was, at one time, a director. Both are comparatively young men, of powerful manhood, strong and ac tive. The difficulty occurred in a main street store at or near nine o’ clock Thursday night. School ‘Claims for Taxes. County Treasurer J. J 1 . Bell has re- questecT The People-Sentinel to an nounce . that his office can accept a limited number of school claims in payment gf taxes. On the house calendar is a series of bills having to do with the regula tion of common carriers—freight and passenger. They will probably gef attention in the house this week. Also on. the house calendar is a bill to “conserve the fertility of the soil; to promote agriculture . . . * by providing for diversification and rotation of crops” generally known »a the “cotton”’ bill in that it limits acreage to be put in cotton his year. It is a sort of offshot of the special legislative session held last fall, when the “cotton prohibition’* bill was passed. Indications are that it will die where it is. But, despite all these matters which may claim attention, adjournment ap parently depends on the time of the -1—* -« ^ the general appropriations bRL AH county supply Mils are in—the Rate supply bill is the principal factor now in fixing the hour of ill jcuraipent.