The Barnwell people-sentinel. (Barnwell, S.C.) 1925-current, March 24, 1932, Image 8
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Doings of Past Week -
in General Assembly
Would Abolish Free Tuition in State
Colleges.—Vote Wanted on Pro
hibition Question.
Both houses approved and governor
signed bill to provide for deficit by
funding notes.
Hou-’e sent to senate bill giving
railroad commission extended author
ity over electric power companies.
Joint senate resolution providing in
vestigation of “stretch-out” system in
cotton mills approved on second read
ing by house.
Rill to provide for establishment of
cash depositories fft*nt to house by
senate.
the receiver and his agents are just
as much interested in selling a $100
or smaller note as al large note or
mortgage, no one s compelled to ex
change.. But there is advantage in the
exchange plan in more than one way.
For illustration, a person owes the
bank $250,000. The bank holds his
note for the same. He is unable at
this time to pay the same and desires
to pay it off at so much per pjonth.
In order to gain the time necessary
to payment without embarrassment
to himself, he may, if he so desires,
arrange with a friend or acquaintance
to buy the note or exchange a dyosit
for the same. In this case the bank
a • . . . .
would transfer the pete.to such a
party.
Either cash or deposits will be ac
cepted for asset?, and a deposit as
signment on any branch in the chain
is good on any other branch.
Gunter and Wilder have been retain
ed as attorneys to represent ‘the re-'
House adopted conference report on 1 ceiver in the collection of stockhold-
bilf reducing capital stock require
ments of banks but senate failed to
reach vote.
on
Joint resolution to have referendum
n .prohibition in State Democratic
rimary ij
introduced.
Week ?aw introduction of remain
ing county supply bills.
Teachers’ association asked senate
education committee to make *no
change* in ft-0-1 law except 10 per
cent, salary reduction, if necessary.
er’ s liability, which will be called for
immediately. The assessment of
stockholders’ liability has already
been signed and an order of the
court making this effective is expect
ed to be received* this week. J. B.
Salley, it is wnder-toed, will represent
the receiver as general and associate
counsel. Other attorneys will be
cm played in collections and foreclos
ures and other activities.
Within the past week a new bank
has been established at Barnwell, in
the organization of which the re
ceiver cf the Bank of Western Carol!-
House defeated bill to give sinking j na has cooperated. To the new Bank
fund commission regulatory powers ■of Barnwell the receiver has sold the
over local bond issuea. ~
Senate approved on second reading
bill abolishing free tuition in State
institutions of higher learnng.
Senate passd bill designed to in
sure crnatitutionality of present motor
bus and contract carrier taxing laws.
W. C. Bank Deposits
Become Negotiable
TCONTINUED FROM PAGE ONE.)
putting the exchange plan into opera
tion. The appraisals are mechanical
ly fixed and not subject to negotia
tion. The appraised values and the
collateral supporting each and every
building formerly occupied by . the
Barnwell branch of the Bank of West
ern Carolina an the new bank is now
occupying this building. The new
bank begins life under the nrust
favorable auspices.
The receiver (f the Bank of West
ern Carolina i< working toward the
establishment of other bunks at addi
tional poims hqiKofbrct served/ by
the Western Carrlina cha : n. He has
had long years of experience in handl
ing small country bank ng units, and
in spite of recent failure^ it is his
conviction that small banks can un
questionably be operated on a profita
ble basis. His thought, in which many
piactical bank men agree, is that a
well-managed bank is the most ccn-
stnictivp influence in the community.
The function cf a bank, he believe?,
i g to first conserve moneys deposited
paper are detailed. These appraisals | wjth itf but td Ulie thil| money
are uniform at all branch banks. In
addition, a complete audit andrecapitu-
lation wdll he filed with the Clerk of
1’ourt for Aiken County as a perman
ent record. There is also on file with
the Clerk of Court for each coanty
and with each branch manager a list
of the depositor? giving the names and
amounts of their deposits. This is a
public record.
All transactions must _be made at
the local office or branch bank in
which the obligation originated or in
whose territory the secured property
is located. The home bank and all
the branches will be prepared to deal
directlv with the depositors on the
exchange basis beginning Monday,
March 21st.
in a
legitimate way for the development
of agriculture, trade and commerce.
It is not the proper function of a
bank to invest it# assets in real es
tate.
Social and Personal
News from Williston
The order of ehe Court establishing
the in trm j ic valu e of Bank of West-
iiRri
♦
ero (Mrolin„ deposits at 50 cents on
the dollar makes these deposits, which
havf been lying dormant since the
•bank closed on October 15th, available
Tor use by the depositors on a 50 per
cent b* ; is.
Deposits now become negotiable,
and through the use of regular as-
■signment forms which have been pre-
pared and which will be furnished
by the bank in any quantity desired,
the depositor is enabled to make such
use o< his money as he may desire.
In this issue of The People-Sentinel
appears a composite advertisement of
a number of Barnwell merchants who
will accept assigned deposits in ex
change for merchandise or in pay
ment of accounts, and other merchants
’-will probably join in the plan as has
been inaugurated.
The advantage of the use of assign
ments is self-apparent. The merchant
may himself owe the bank. His cus
tomer owes him. The customer may
assign any part of his deposit to the
merchant, receiving therefor either
nterchandie or credit on a debt, for
instance. His deposit in the closed
Ibank.thus becomes immediately avail-
zibla to him to eupply himself with
the necessities of life or to pay off
his obligations. The merchant who
nccepts the assignment in the course
<of trade is likewise enabled to apply
thef game on his indebtedness to the
rtfabft.mfcrdiapt jJaeSuMi
Williston, March 19.—Miss Mar
garet Thompson, of New Brookland,
was the week-end guest of her mother,
Mrs. Susan Thompson.
Mr. and Mrs. S. E. Carroll, of
Spartanburg, are ^pending a ~ few
days with the former’s parents, Mr.
and Mrs. J. R. Carol].
Mr. and Mrs. Q. A. Kennedy, Sr.,
and Mrs. Q. A. Kennedy, Jr., and
Mrs. H. M. Thompson spent a few
days this week in Atlanta. Mrs.
Thompson visited her sister, Mrs.
H. H. Altman.
Mr. and Mrs. J. B. Reel and chil
dren were guests of Mrs. Reel’s par
ents, Mr. and Mrs. D. M. Merritt, on
Sunday.
Prof. Marvin Guinn and Beaure
gard Russell, of Clemson College, are
spending a few days here on business.
.Misses Josie Hickson and Mattie
Lee Bennett were week-end guests of
Mr. and Mrs. Frank Barnett. While
there, Mi?s Bennett _ attended the
state teachers’ meeting.
Dr. Wylie Smith, of Baltimore, is
visiting relatives here.
Mrs. M. M. Player has returned
from Rembert, where she has been
visiting her mother, Mrs. WiL?on, the
last two weeks. • *
M. M. Player and Miss Elizabeth
Player were guests during the week
end of Mr. and Mrs. W. W. Player at
Mayesville.
Mrs. Kella Walker who hat? been
visiting Mr. and Mrs. E. A. Walker
in Aiken, is spending several days
with her sister,Mrs. E. H. Boylston.
Mr. and Mrs. Jasper Bolen, of
Winnsboro, returned home Friday, af
ter spending several days with rela
tives here.
owe the bank, he may trade the as-
rsignment to another merchant or he
may purchase obligations from - the
bank. This is the practical applica
tion to th* court'* order.
s, * .While it should be remembered that
*
The Will of Christ '
If. then, the will of Christ is not
being fulfilled through us, if there Is
good that It belongs to us to do, but
which remains undone, then the point
of juncture with Christ Is the point
that needs looking to „ . the
reason of our fruit]e*>snes8 is the sim
ple one, that we are not closely enough
attached to Christ.—Marcus Dodds.
ADVERTISE in The People-Sentinel
Art Work Made Whole
After Five Centuries
Nearly five hundred years ago an
artist, whose name is now unknown,
painted a wonderful picture of the
Annunciation. It was a large work
and contained so much detail that
shortly after It was finished it was
cut up Into four separate pieces, each
of which formed a beautiful picture.
If you visit the exhibition* of French
pictures at Burlington house, London,
you may see the four portions of the
picture reunited for the second time in
five centuries.
For years It was not known what
had happened to three of the fopr
pieces. One was in the Lohvre in
Paris, but where wore the others?
Eventually it was found that the* sec
ond was in Amsterdam, the third? in
Brussels, amj the fourth in a private
collection in tills country. Photo
graphs of the four parts were placed
together, and these showed that they
undoubtedly form one picture. *
The first occasion since the artist
painted It when the picture was seen as
a whole was two years ago, when the
parts were joined together at an ex
hibition in Paris. _ _ _ . -
• Other great pictures have been cut
up In the same way, hut in nearly ev
ery case the severed parts have even
tually come into the same hands and
have been permanently joined togeth
er ngain.—‘London Tlt-BIts.
Exercise of the Veto
Traced to Roman Law
t * #
The use of the veto power by an ex
ecutive of a state has un origin which
has been traced back as far us the old
Roman state, when the tribunes, by
using tbe word “interdico,” wiiicb
means “I Interdict," halted the legis
lative sets of the senate.
As far back us 1(H2 the veto (tower
wag recognized in Poland by law, any
member of the imperial diet being able
to block legislation by proclaiming tbe
Polish w«*rds which mean in substance
*T do m>t allow.”
The king of England has'tbe power
of veto, but it Is a (tower to wtii -h re
course has not been taken for gener
ations. tbe lust instance on record be
ing in 17t)7.
The Constitution of this country also
provides for the veto, hut the Presi
dent’s (tower to veto Is limited In that
It can.- lie overridden. Tlie veto by
President JA-'kHon of the hill to re
charter the bank of the Cnited State*
Is one of the first on record.
Claim# Long in Dispute
French spoliation claims were de
mands upon the United States govern
ment by American merchants for
losses of ships and cargoes between
17U3 and 1800 at the hands of the
French, whose chief excuse for the
depredations mas that the United
State# had violate?! Its pledges to
France under the treaty of 1778. By
the treaty of September .TO. 1H00, and
hy the convention of April .'10, ISOS,
('ranee released the United States
from certain treaty obligations, and In
retunL.wu* released ^rem paying the
merchants’ claims. Between 1S00 and
1885 about fifty bills to reimburse the
claimants or their dos?'cndants came
before congress. Appropriations were
twice vi>ted, but were vetoe?!. In 18S."»
retires* was obtained wlieu the ad
judication of tbe claims was given to
the courts of claims, and decisions
were reached awarding some $-1,800,•
000 to the petitioners.
Wonderful Cheddar Cave#
The caves of Cheddar and Wookey
Hole are beautiful beyond words. Be
neath the nigged slopes of Mendip, In
a vast network of subterranean pass
ages, may be seen stalactites and
stalagmites of wondrous shape and
color; translucent pools, crystal clear
and cold, curtains of dazzling white
ness, hanging folds of coral-pink—all
hidden there in the Ice-cold depths,
now lighted by electric light! The
drive to the caves through Cheddar
gorge is a remarkable experience. At
the bottom of the steep road, in the
little white village of Cheddar, a rush
ing stream comes bubbling from the
very heart of Mendip. At Wookey
Hole, too, there are some wonderful
caves. The story goes that the cives
were once Inhabited by a witch who
was turned into stone by “an ancient
clerk of Glaston."—London Times.
Sanctuary for Birds
In the very densest part of Liver
pool’s industrial life is a patch of
green round, hy the cathedral. Here
have been placed bird tables, baths,
nesting-boxes, and shelters; and here,
amid smoke and noise, hundreds of
birds come every year to build their
nests and rear their young. All the
common birds. In addition to tits,
great white-throats, yellow-hammers,
and chiff-chaffs, have been noted, by
the city naturalists, and Archdeacon
Howson thinks it is tbe only sanctuary
of Its kind In a great city.—London
Mail.
/CHEVROLET!
r -
You get the best
Ci
i
CHEVROLET SERVICE
from your Chevrolet dealer at the
A
for quality work
Your Chevrolet dealer is in a better position than anyone else to give you
quality work at lowest prices. His service station is factory-supervised.
He has factory-designed tools and equipment—factory-trained attendants
and mechanics. He uses only genuine Chevrolet parts. And he is per
sonally interested in seeing to it that you are satisfied with your Chevrolet.
A series of weekly service specials to emphasize the low prices on Chev-s
rolet repair work starts today. For the week of March 28th, the special
will be brake adjustments, for which the bargain prices below prevail.
(
CHEVROLET MOTOR COMPANY. DETROIT. MICH.. DIVISION OP GENERAL MOTORS
, i
* adjusting'
ADJUSTING '
1930-31-32 ,
*4 ^ % ‘‘e * ^ *
J 4-whael
1928-1929
4-wheel
RCGULAPLY
brakes
• u-* > 'iS
REGULARLY
brakes
65 e
SEE YOUR CHEVROLET DEALER
*>
To Our Customers:-
Touching
The landlady was in a sentimental
mood when dinner was served. •
“This Is the anniversary of the
death of my poor, dear uncle,” she
sighed. .“He was a sea captain, and
went down with- his ship this day five
SOd. twenty years ngo. .1 was only a
child when he went away,
member he gave me a pet lamb as a
parting gift.”
.The boarder regarded Ms lamb cut
let-'with* mournful interest.
“Poor, dear lamb!” he mnTmured
reproachfully. “And you've killed it
at last!”
The People-Sentinel stands ready and willing to meet any
reasonable copetition ^>n job printing by out of town printing con
cerns, quality and quantity of work considered. All that we ask is
that you give us a chance to meet this competition before placing
your orders elsewhere.
Quite often buyers of printing are misled into thinking that our
- l ^
prices are much higher than those of out of town concerns when in
fact they are as cheap or cheaper. For instance, a customer was
quoted a price on 2,000 billheads. He then asked us for a quotation
on 1,000. Gur price was based on Hammer mill Bond paper in sin
gle thousand lots, whereas the out of town concern quoted a price
on a cheaper grade paper in lots of 2,000, plus postage to Barnwell.
Naturally, our price for 1,000 billheads on a better grade of paper
• ■»
was higher, but we could have printed 2,000 on the cheaper grade
at the price quoted by the out of town concern. -
. . ’ . * - • -
Remember that there are just as many different grades of paper
and printing as there are grades of cotton and that the quantity
« A
ordered also governs the price. So don’t be misled when you are given
a quotation that seems much lower than ours. And don’t expect us
to print orders for 1,000 at the same rate per 1,000 based on
quotations of 2,000 or more.
And also remember that it pays to keep your dollars at home
^otherwise your home printer will not have any money to spend
with you.^
MWnWWilltiinili'Miil
II
BARNWELL,
X'
SOUTH CAROLINA
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