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. ? THE OFFICIAL NEWSPAPER OF BARNWELL COUNTY. - Consolidated Jane 1, 1921. ^►OLUME LV. , . M Ju«t Like a Member of the Family" BARNWELL. SOUTH CAROLINA. THURSDAY. MARCH 31. 1932. Young Negro Steals „ Barnwell Automobile Ed Gantt Lodged in Barnwell County Jail Charged With Theft of Car ai\d Chickens. Ed Gantt, negro, who ctaims Col umbia, Blackville and Fairfax as for mer places of residence, is in the Barnwell County jail charged with the theft early Thursday night of the automobile cf W. M. Harris, local post master. Mr. Harris had left his car parked in front of his residence during the supper hour and when he was - ready to return uptown found that it had been stolen. Police in neighboring cities and towns were promptly notified and Gantt was ar rested in Augusta Friday' morning while driving on Bread Street. He is also charged with stealing 20 chick ens from a truck parked by the road side two miles west of Barnwell'while he was en route to the Georg : n city in the stolen car. He had peddled the chickens to Augusta* housewives and they were all recovered by Sheriff B. H. Dyches and Augusta officers. One had been traded by Gantt for a gallcn of gasoline at a filling station. Earlier in the night, a negro an- ering Gantt’s description, attempt- bd \f> snatch a 1>ur*e frwri a yolTHJ? woman on Main Street. Hp denies the attempted crime, but local offi cer* are quite sure that n he is the guilty pasty. Unusual Privilege Extended Debtors * Bank of Western Carolina Receiver Offer* Unusual Plan to Share Their Hardship. _ Seen and Heard Here During the Past Week i . . * * •.. • A Little Sense and Nonsense About People You Know and Others You Don’t Know. _ --J. Advantage in Exchanging - Deposits for Assets in Bank of W. C. Liquidation . i Depositor Whe Trades His Deposit on 50 Percent Basis, Receiving Inter est-Bearing Note or Mortgage, Enjcys Advantage of Larger Yield t Thar. Depositor Who May Receive Six Cash Dividends of Ten Per cent Each.—A Copiparative Illustration of Two $2,000 Deposits. A house on wheels, displaying an Ohio license tag, parked on Court House Square. ... A young man remarking that he didn’t know there wa s such a thing as Good Fri day until last week. . . Col. Harry D. Calhoun, of Denmark,yvho is act ing as “road agent” for the Bank of, Western Carclina-not the type of (Editorial, Aiken Standard.) road agent, however, that once operat-1 The P lan u P on which the Bflnk of in the wild and wcoly West. . . I W «tern Carolin a is being liquidated Aspargus shipment* again picking up is an entire, y new one * and for thls after the cold weather this month. . 1 reason ther « ,itt,e sur P irse that lts . . William McNab, wfio celebrated advantages, not only to the depositors his 82nd birthday during the past j * )U * debtors cf the bank as well, week, enjoying a morning walk in the a,e nJt thoioughly understood by bright Spring sunshine. . . . A! man y interested parties, although little negro bey trying to fly a h"me-! s 'n? e Monday, when this plan was made kite. . . The streets with a mere or less deserted locking air fol- ,put into operation, many people in Aiken and throughout thi< section lowing the departure of the college! have alroa,, y taken advantage-of the students and other Easter visiters. .! opportunity to exchyige their depos- . . .Farmers whose lean applies-J for incest-bearing assets, tion blanks had been returned for ccr- That the operation of the plan is rection trying to get them in proper hot thoroughly understood, however, shape to secure --ifme -of th^t “guv’- >» evidenced by tb? fact that quite a munt” money, . Jaljn Eve, busily number cf well-infbrmed and success- ewgaged m repairing the_?tTicro _on fui m en hav e reache<i the conclusion interest added to the note which he Urges Full Support ' - , of Bank of Barnwell Weiner Bros., Former Residents, Still Have Warm Interest in This * *•—• . Part of»State. The People-Sentinel is. in receipt o( the following letter, addressed “To the People of Barnwell,” from Weiner Bros., formerly of thitf city but now residents of Philadelphia, Pa.: “As former residents of Barnwell, our warm interest in good old Barn well will remain with us for many , . . . years to come. We learned through takes over »l!l yteH him Sl.239.87,. Th( , Balnwe |] People-Sentinel of the and six 10 percent dividend* will op( , ninK of a l)ank in Bamwell ^ yield in three years or thirty-six month’s time $937.12, a differ ence on this small amount of deposit tion wa , needed th< , re# we w<mt to ?ay of $322.75 in favor of the depositor . .. n<win . nf RurTltt .„ n Fuller Residence Is Very Badly Damaged Fire, Which Started from K itch cm ' - . » • + Flue Tuesday Morning, Destroys NUMBER SL Roof of Dwelling. knowing from our past business ex perience how much succh an irutitu- who trades. The Bank cf Barnwell building, hasti er $r>r,4 .50. Likewise, a depositor of $0,000.00' would gain $968.25. This seems unbelievable, but figures tell that itT might be possible that in theRhe truth. to the people of Bardwell and the j surrounding countiy that it is to Thi* is simpl e mathematics and will their interest to support this iostitu- hold true on a deposit of any amount J tion to the fullest extent and to show For instance, cn a deposit of $1,000 entire confidence in the bank and its the depositor who trades today would very capable financiers. The officers gain la :ng the same illustration), and stockholders deserve a whole lot $161.29. A depositor of $.>00 would ' c f credit, in such critical times, to gain $80.64 by trading. At the same | organize a bank. It is proof enough time, a depositrV cf $4,000. would Kam i of their confidence in Barnwell Coun- doulde the amount mentioned above,! ty and warrant* the cooperation of ly dropping his trowel to answer the end their deposit* may yield more by fire alarm. Jchn can always be count- their NOT accepting the present of- ed on in tinu of need. Charlie fer of taking a good asset bearing Brown, Jr., wearing a' panama hat interest a t 7 or 8 peiyent, but wait- Ea.-ter Sunday. . . Th# lights on >ng for the leceiver to pay out divi- Mam Street g' ing out during storm Sunday night. the' dends, which the court provides must j b e paid in units of 10 pefcei^L for | each dividend. * No interested party who reaches tht» conclusion ha 8 exercised himself to m The consideration which the re ceiver of the Bank of Western Caro lina is showing debtors of the bank, who, due to present economic condi tions, are unable to make payment of their indebtedness at this time but who desire extensions in order to work out thi* indebtedness, is evidenced by the formal notice addressed to all debtors of the bank which appears in this issue. Although the order of the court un der which the receiver is working pro vides that those whose notes are not purchased through the exchange plan shall be colled upon to make prompt payment of the amounts due, it is no* the purpo** of the receiver to work a hardship upon anyone. At the same time, he must carry out the orders of the court.' A practical plan has, there fore been worked out under which any debtor who finds himself unable to make payment at this time can, by exerting himself a very little, protect hia own interests and secure for him self the desired time extension. This simply that the debtor arrange with •ome depositor of th« bank to take up hia, the debtor’s paper under the ex change plan, the advantage of which unusual privilege many who ow« the hank are already availing themselves. It will be comparatively easy for any good man to make thir arrangement with a depositor who is looking for a good investment and who will be will ing to take over an interesUbearing good security in exchange for his de posit which is drawing no interest. Such an arrangement is simply one of convenience since th e negotiability of deposits has been definitely estab lished upon the fixed bosig of 50 cents on the dollar and the assets of the bank have all been appraised and their value determined^ Except for this convenient arrangement, how ever, the debtor who cannot meet his obligation at this time would be re quired to put up additional, collateral, failing in which the receiver would have no discretion in the matter but would be compelled to take such action as would insure the prompt collection of th e debt. Those who desire to take advantage of this convenient arangement should act promptly, otherwise their notes and mortgages may be sold to other parties since all assets of the bank are being offered for sale. Urges Extra Care in Shipping Asparagus figure a little, as is illustrated below: —| A $2,000 deposit will today purchase Marketing Head Say* South Carolina a $1,000 note bearing, say 8 percent interest. At the expiration of the fiist year the holder will have $1,080; at the expiration of the second year he will have, including .interest, $1,- 166.40. at the expiration of the third year, the holder of this asset will Growers Face Keener Cceipeti. tion Thia Year. George E. Prince, chief of the divis ion of market extension of Clemson college, is making an earnest appeal to | have received a total of $1,259.87. asparagu* growers in South Carolina' For illustiation: " to be more careful than ever in the t Face value of note $1,000.00 Miss Bebee Patterson, Mrs. Padget t and littrd daughter came down from blumbia last week for a visit to Barnwell’relatives and friends. Miss Nell Dunbar, of Barnwell, and her parents, Mr, and Mrs. J. Vince Dunbar, of Millhaven, Ga., spent the Easter holidays with relative^ in Au gusta and EUenton. cutting, grading and shipping of their grass this year. He says they will have greater difficulties with which to contend and unless unusual care is exercised the results will be bad for the growers. He says California shippers are now sending to the eastern markets about 50 cars B day of excellent grass. X* to size and grade it is unusually good, and being already on th e mar ket, unless great care is made in the selection of the South Carolina grass, the latter, when it comes cn the market about April 10th. to 15th, will have hard sledding.. The majority of the markets pre fer green grass, and the larger part of the asparagus raised in South Caro lina is what the market wants when it is carefully graded. The major por tion of the California (rasa is white, but some of it is green. Great care is used in the selection and packing of the California grass because of the distance from market and the conse quent high cost of shipment. Heretofore because of the compara tive nearness to the great markets, Interest for first year $ 80.00 Interest for second yfar .. Interest for third year 91,060 00 86.40 $1,166.40 93.41 $1,259,87 Now, suppose that this party with this $2,000 deposit, or with any like deposit—the-4llustration of a $2,000 deposit being used since it works out in simple percentages but its applica tion will apply for any amount of deposit and any amount of note—de cides NOT TO TRADE and elects to remain with the proposition until its final concluson, receiving settlement in 10 percent dividends, os required by the court. Ordinarily, if they were asked the question today whether they would rather trade on a 60 percent basis, or receive, within a period of 3 years from now, a total of six 10 per cent dividends, ninety-nine out of a hundred depositors would probably answer without hesitation that they would prefer to receive the six 10 per- and the fact that South Carolina grass ! cent dividends, not realizing that the reaches them generally before the shipments from California are heavy, less carefully selected grass sells well. But this year such is not to be the case. The shipments will be heavy from Califora, when the South Caro- Ina grass comes on. California grass i? now bringing from $3,50 to $6.00 a crate.- Mr. Prince expects that the ship ments from the Stat e this year will reach about 600 cars and should bring more but for the decreased consumer demand. yield to them would be (on the same illustration as above) $937.12, be cause six 10 percent dividends paid on a $2,000 deposit over a period’of year* would yield the holder of that $2,000 deposit only about $937.12, as illustrated below: Amount of deposit. $2,000.00 Dividend No. 1 200.00 To expres* it in an ther way which is very simple in the light of the il lustrations already made, the deposi tor who trades today has a 16 per cent advantage in his favor, over the depositor who elects to remain In, awaiting rash dividends. (This seems unbelievable, but figures tell the truth.) A-s a matter of fact, ten 10 percent dividends on a $2,000 deposit would be necessary to approximate th^ returns in four years of a $2,000 deposit, traded in fer an 8 percent note on a 50 percent baiia. Ten 10 percent divi dend* cn a $2,000 deposit wodld yield only 66 percent, or $1,302.64, while th e returns in four years from an 8 percent note, of the face value of $1,- 000, taking interest into consideration of course will total 68 percent. All of the above calculations are based on the assumption that the Bank of Western Carolina will pay six 10 percent dividends. There is no assurance, however, that the de* positor who dofs elect to remain in with th* proposition will receive six 10 percent cash dividends. The editor is simply using the 10 percent divi dends ss a .hypothetical illustration, and the reader will be unfair to him-* self if he assumes from anything that has been said that he can expect any such cash payment. The court order gives assuranc e to those who do not trade deposits that they will get whatsis left whatever it may be—if only 25 percent. The editor’s en deavor is to present only the cold blooded facts. A* a matter of fact, what defunct bank in South Carolina whose assets were about of the ssm e type as those of the Bank of Western Carolina has paid in cash dividends over „ period of, not three years but even five to seven years, as much as 60 percent in cash dividends? This is not intended as any reflection whatever on the assets of the Bank of Western Caro lina. The Editor of The Standard has hod occasion to study the audit and completed detailed appraisals, the people of Barnwell and surround- • n|r country, who should cooperate by depositing their money in The Bank of Barnwell for safe-keeping. Knowing the people like we do, we feel -atisfied of their support and the bank’s success depends upon them. “We also wish to extend our con gratulations to The Bank of Barn well and , to its officers, with best wishes for prosperity and success.” Lyndhurst Lady Hat Washington Portrait Mrs. May belle Whitney Tharin Owns Several Valuable Kelka Never Publicly Displayed. Fire, which started from the kitchen flue'shortly before ten o’clock Tues day morning, badly damaged the resi dence of C. G. Fuller, local r$od con tractor and president of fhe*te*nk of Barnwell. The blaze was Ix-tWeen the ceiling and the tin roof and proved very hard to fight. Before it was finally brought under control, the entire roof was destroyed and the room* were damaged by smoke and water. The house is owned by Bfri. Marie T. Cornell, of San Rafael, Calif., a nd the damage is covered by insurance in the aount of $2,000. Mr. and Mrs. Fuller, who recently sold their home in Ohio, had just hod the interior of the dwelling renovated and their own furniture installed just ten days ago. They carried no insur ance, but willing worker* quickly re moved th e furniture and furnishings from the burning building. The fire created a dense smoke, which settled to the ground and spread over town for several blocks. For- tunately, very little wind was blowing at the time. Mr. and Mrs. Fuller have already rented a brick cottage on Jefferson Street from Mr*. B. W. Sextan. Cotton Production. Passes Million Mark COL. HARRY D. CALHOUN ASSISTS IN LIQUIDATION Col. Harry D. Calhoun, fbrmerly of Barnwell, now of Denmark, has been engaged by T. G. Tarver, receiver of the Bank of Western Carolina, and will be employed as a road man in the liquidatioh of the defunct bank. Col. Calhoun is an experienced banker and a former president of the South Carolina Bankers’ Association, is well and favorably known throughout ’*ia.jaectUui_and. wilJ doubtless prove of valuable assistance to the receiver it\ closing up the affairs of the insti tution.—Aiken Standard. Dividend No.' 2 $1,800.00 . 180.00 Dividend No. $1,620.00 3 —. 162.00 Celebration of the bicentennial of the birth of George Washington has focused attention on many historical things pertaining to the Father of His Country and the era in which he lived but in the little village of Lynd hurst, 10 miles from here, there is n collection of Washingtonians that has never been publicly displayed. Lyndhurst is the ancestral home of the Hay, Gantt and Colcock fami lies. More recently, the Tharin fami ly has taken up residence there. It has no means of communication with the outside world unless one of its in habitant* happens to be “going to town,” meaning either Barnwell or Allendale, 15 miles away. But behind the doors to the neat but unpretentious cottages that fringe the edge of a grove of enor mous long-leaf pines are relics and antiques of another age. Above a mantel-piece over a wide- fireplace in the home of Mrs. May- belle Whitney Tharin hangs a life- sized oil portrait of Washington. , ' « By whom it was painted, Mrs. Tharin does not know. It came to her through her grandfather, the late Captain Daniel Milo Whitney, once of New York State but who later made his home in Wisconsin. On m table nearby is a copy of Spartanburg. Anderson. Orangeburg and Greenville Counties Led th. State in 1931. Spartanburg, Anderson. Orange burg and Greenville led South Caro lina in 1931 cotton ginnings, the de partment of commerce revealed loot week. The State ginned 1,010,126 running hales, exclusive of linkers, as com pared with 1,015,273 holes in 1990. Of the four leading counties, Ander son'was the only one to show a gin ning increase over 1990 figures. In leading, Spartanburg County showed 81,602 bales as compared with 88,213 the previous year. Charleston County hod th* smallest number of bale* ginned in the entire State, only 740 bales being ginned in 1931 a* compared with 1,609 the pre vious year. The ginnings by countias: Dividend No. 4 $1,458.00 145.80 —-—$1,312.20 Dividend No. 5 .' 131.22 $1,180.98 Dividend No. 6 118.10 ‘ $1,062.88 Deducting $1,062.88 from the amount of deposit,' $2,000 leaves 19111 g whirH i. th* ■mn.mt th- do. -i s positor would receive in dividends. (The total of the six dividends above is $937.12.) In other words, if this depositor the “Ulster County Gazette,” its bor- not only of the home office at Aiken der in bl * c k It contains an (copies of which have been this week 1 m<;count Washington s death, but furnished each branch office,), but he ^ r8, Tharin, aware of extravagant has also examined the appraisals | c l*> ms made concerning original ac- showing the detailed assets of each COUB *a Washington s death, makes of the branches, and he has no hesi- ! 110 c I a ' m8 f° r her paper, tation in stating that any informed simply s*y* that it has been individual who will maRe a smilar ex- j h^ded down in her family for>many f amination will reach a-* similar con- ma ny years. Its very typography, elusion—that depositors of the Bank however, bespeaks another era. Its of Western Carolina are extremely, advertisements offer slaves for sale, fortunate in being able to convert at Beside the paper lies a silver plat- once their deposits in that institution *«*> the last remnant of an elaborate into 50 percent of the face value of dinner set used by Ann Hawkes Hay, these deposits. (The bank ha* many of Haversham-on-the-Hudson, when good and well-secured assets, al- General Washington dined with her though perhaps a little slow.) This during the Revolution.. Mrs. Hay, is an arrangement and an opportunity ! wealthy and ^patriotic, financed a regi- never befoe offered to th e depositor men t f° r Washington. In later years, of a deffunct institution, and the un- “he settled in South Carolina. Her usual and remarkable feature if that descendants are among the residents the depositor can convert his deposit Lyndhurst, and her platter is own- into what in the editor’s mind is an ®d by Drayton Gantt, a great-great- amount in dollars and cents far. in grandson. excess of any amount the depositor | Other historical things of interest wo\$ld have had any hope of receiving owned by Mrs. Tharin are an old, within five years’ time through any of time-yellowed almanac, dated 1955; _ The many friends of Mrs. Julia B. "thT'old'" systems "ol^iinuTdaHoh, iri; three cdonial bills bearing ’the' wariP* Easterling, ceiver. ADVERTISE in The People-Sentinel trades today, in three years’ timathej (CONTINUED ON PAGE SIX)- ill for several weeks, will be glad to know that she is able to walk about a. by six fpet wide^ with only thirty-* bar homo »nd can sit up much cf tho respective of the ability of the re- “Tis Death to Counterfeit; and { an all-wcol bunting flag ten-feet long County: 1991: 1930: Abbeville 21,439 17,720 Aiken 29,741 29431 Allendale - 6,690 7,138 Anderson ... .77,804 66418 Bamberg 14J>19 16466 Barnwell 18477 19,637 Berkeley 2,402 3492 Calhoun 16,786 16426 Charleston 740 1499 Cherokee 21499 21476 Chester 24496 29,788 Chesterfield 83427 84.468 Clarendon 17468 19422 Colleton 9416 10,4a Darlington 21,416 20,442 Dillon 24422 Dorchester 7462 64a Edgefield 19,720 194a Fairfield 11443 10,793 Florence 19478 20,467 Greenville 66487 67,748 Greenwood 18,497 18466 Hampton 6,679 7411 Horry 920 2402 Jasper 14M 1492 Kershaw . 22,791 21496 Lancaster 18488 16406 Laurens ......... 37409. 86.044 Lee T 29489 28466 Lexington 16489 18461 McCormick 7451 7459 • Marion - 9499 10439 Marlboro 89479 46460 Newberry 25,722 24,776 Oconee 20447 21,ia Orangeburg 60403 63422 Pickens 27447 26,106 Richland 8,007 8,780 Salud* ; 13,785 18,069 . Spartanburg 81,602 88413 v Sumter 32424 32,415 Union 20,110 19426 Williamsburg 15481 16498 York 39481 36404 AU others 14«1 2464 now. ;. idadiuHifli Mufti - -V >; 'v- a,-.- 1