The Barnwell people-sentinel. (Barnwell, S.C.) 1925-current, March 31, 1932, Image 1
. ?
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-
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