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"■ - -V- ,A *' ' PAGE SIX. THE BARNWELL PEOPLE-SENTINEL, BARNWELL, SOUTH CAROLINA THURSDAY, BARNWELL 50 YEARS AGO. 3 Interesting Items Gleaned From the Files of The Barnwell People. MARCH 30, 1882. Court House Notes.—Liens and mortgages come in slowlyi . Dr. Todd has been appointed In spector in the Custom House at Charleston and has gone to the City by the Sea. Hi s family remains in Barnwell for the present. (Ed. Note. —Dr. Todd was the brother-in-law of Abraham Lincoln and practiced medi cine in Barnwell for many years.) v *""' . Blackville^Major Steadman had new garden peas and Irish potatoes on Sunday. Mr. C. E. Gyles has bought and • wrill soon occupy the store house of Mr. F. P. Groves, who i s building an other east of his old stand. Sherman, a favorite horse of Mr. Simon Brown, died c n Sunday. He was left in Blackville by Sherman’s army and was about 27 years old. Senator Lartigue la in Charleston superintending the repair g of The ^Citadel Academy. The coming ball of the Comet Band is the favorite subject of con versation among the young folks. Read and Reform.—It i 8 extremely distressing to people of: refinement to see a man sit in church with a quid of tobacco in his mouth and continu ally spitting on the floor or against the wall. The Lord’s house is no place for indulging in such a filthy habit, and the sacredness of the place, if nothing else, ought to be a restraint to tobacco chewers. Railway Improvements.— Bulletin boards g.ving the time of the arrivals of pa*senger trains have been put up at all station,, on the S uth Carolina Railway, The depots at Midway, Grahams an! Wil’isto.n are to be enlarged, and de pots will h,, built this summer at Lees and Elko. Sign boards have been put up at all crossing-'. Williston.—Wheat has commenced to head, mst has appeared in oats sown on poor land, fruit growers fear an Easter frost and 500 acres near town will be planted in watermelons this season. At a colored sociable on Saturday night, Calvin Kennedy’s arm was broken by a blow from a garden rake in the hands of an honored guest, and Sarah Kennedy’s head wa 8 cracked by an expert in the use of an iron poker. Married, on the 15th of March, at the residence 'of the bride’s parents, Mr. Edwin C. Tobin, of Barnwell, to Miss May Connor, of Orangeburg.i An Orangeburg girl, who was vac cina ted with virus from the arm of a certain young man, is acting strange ly indeed. When sitting on the » fa idu* unsized w.th un irr(*sis*-tbl k . m- pulse to place the inoculated arm around her own neck. One of our physicians says it is (be fir*t case of the kind that has ever conje under his observation. • \ a- ADVANTAGE IN EXCHANGING DEPOSITS FOR ASSETS IN BANK OF W. C. LIQUIDATION (CONTINUED FROM FIRST PAGE) eS*I- Another thing—every thinking and well-informed person should carry the thought in mind that the purchas ng power of 50 cent< today not only equals but in many instance* <t*cecds ; of at | em . t the purchasing power of $1 cn'y Pi or 18 montha ago. This applies to many items which are among the necessities of life. To proceed a little farther with the illustration, which is certainly applicable, when items other than actual neccaaitie* are considered the purchasing power of 50 cent* is t day, in any in*tance*, the equivalent of the purchasing power of $2 and more 12 and 18 month* ago. Anyone who has accepted the privilege of ex amining th e rec rds and of studying th* assets of the Bank of Western Carolina, as the oditor of the Standard ha* done, will doubtless reach a simi lar conclusion—that the depoa.Lura > f this institution are receiving some- tor* and 7,000 debtors and one lecter f r this enormous overheaif this sy-tem put* into execution anew exchange idea of 7,000 collectors handling 7,000 debtors and the 7,000 collectors (the depositors) saving the coat and getting the benefit. This improved method is, however, nothing more than the application of improved commercial machinery operating for the benefit of the depositor to the twice the amount that he could conceivably receive in fiv p years’ time under the old system of liquidation. All of which means, in the opinion of the editor of The Standard, that depositor* of the Bank of Western Carolina are getting 50 cents on the dollar for their deposits, and getting it today, instead of waiting for five years, at the expiration of which time they might, with gi cd luck have got ten 20 to 25 percent under the old and antiquated .-‘ystem of liquidation. Liability Payable . in Cash, No Offset Law on That Point la Specific.—Num ber of StockhcJders Have Al- % 1 ready Made Payment. Call on Bank of Western Carolina Stockholders for payment of their liability under the law was issued last week. Already a number of stock holders have made payment and other/) are arranging to do so promptly, i • .* * Th e receiver of the bank now in liquidation takes no pleasure in issu ing this call. To the contrary, Mr. Tarver expressed himself to the effect that the assessment. of stockholder^ liability is the most unpleasant and disagreeable feature of the task he has before him, for not only does the stockholder lose the value of his origi nal investment in the bank’s stock, but he is called upon for a 100 percent assessment in addition. But it should be understood and appreciated that the receiver has absolutely no discre tion in the matter. Th e l aw on the subject is definite and specific. Quoting from Section 6, Acts of 1929: , “And upon failure of any stock holder to pay into his (the re ceiver’s hands) such liability, he i 8 hereby invested with full power and authority to bring suit, either individually or collectively, against sych stockholder or -tockhclders. for the collection cf such liability and all fund* received from said assessment by payment with or witbuiit aiait ahaII - be. kept a separate fund to be paid to Utt? depositors aclely.” There has been some confusion on the point as to whether a stockholder can ( ffset his liability asse-sment w<th a deposit, or in any other way. Un fortunately, under the law, this can not be done. Stockholders’ liability, it is provided, must be paid in cash. The law specifically provides that such funds >hen collected shall be kept as a m p-tiate fund and paid to the depositors. Under the law the re ceiver cannot even use this money, or any portion of it, to pay the salaries of agent* and assistants. The law with regard /ttockholders’ liability applies in practiegUy every State in the Union, and there'is noth ing new about it. It has been the law for many years, and there is a fed eral law of similar provision apply ing to national banks. Easier in Barnwell. Local and Persona] News of Blackville thing like 50 percent more for their deposits than they could have possi bly received in five years’ time on any old system of liquidation, and they are not on’y individually fortunate in this respect, but the splendid benefit will assist greatly in rehabilitation of the four South Carolina counties in- * volved. This effect will be more far- reaching as the plan of liquidation which has been adopted will unques tionably save the depositors cf the Bank of Western Carolina first and last from $500,000 to a million dol lars. The advantage of this system is* primarily that values become negoti able and exchangeable at once. In other words, this system, as already stated, is an entirely new one, but that it is certainly a thoroughly prac tical one can best be illustrated in that what is being done is that prac tical mechanics are being applied to values, which under the court’s orders have become negotiable. The result can be compared to any improvement in labor-saving machinery. For instance, years ago one man and one machine turned out in a day’s time a few pairs of shoes. By the ap plication of modern and improved machinery—with which all are famil iar—this same man with a new ma chine (which is nothing more nor less than a new idea) turns out per haps thousands of pairs of shoes. The result is that the cost of manu facture has been ^enormously reduced, overhead charges of all kinds have been eliminated or absorbed, and that the product is selling to the consumer at an enormously reduced price. This illustration applies to the system be- t> i .ite of Western Carolina. A new plan lias -been evolved, in which about 95 per- eent of the expense of liquidation, ikoot 95 percent of the overhead of liquidation and about 95 percent of the long drawn-out delay of liquida tion has been absorbed in a thorough- Jjf practical way. With 10,000 deposi B'ackville, March 26.—Mr. and Mrs. Marion Hay and two daughters, Mai gait and Betty Hay, cf Char leston, spent last week-end as guests of Dr. and Mrs. O. D. Hammond. Saturday evening the guests were honored by an oyster roast. Those enjoying the feast were Mr. and Mrs. C. R. Boylston, Mr. and Mrs. A. H. Ninestein, Mr. and .Vjs. G. F. Posey, Mrs. S. B. Rush and Miss Nell Nine stein. Tue-day afternoon little Jack O’ Gorman, son of Mr. and Mrs. Farrell O’Gorman, entertained several of his friends in honor of his third birthday. Guests incuded Billy and Charles Carroll, Jane Hammond, Marinna and A*hby Millner, Somers Pringle and Wyatt Browning. Easter decorations lent a festive air to refreshments and favors. Mrs. S. B. Rush assisted Mrs. O’Gorman in entertaining . the little folk. Colleg e student? who are spending the spring holidays at their homes here are as follows: From Winthrop, the Misses Mary Cornelia Coggin, Myrtig Martin, Isabella Murphy, Em mie Lou Hair and Katherine Weissing- er; from Columbia College, Miss Kathryn Matthews; from The Cita del, Sam Mathis; fftfm Carolina, Le- Roy Lancaster, Herman Hartzog and Ted Ninestein; from Agnes Scott, Misses Janice Brown and Hettie and Etta Mathis. Tom Bailey, of Moultrie, Ga.,. is the guest of his sister, Mrs. R. ,A. Gyles. Mrs. Daisy Bailey, of Severn, arrived. Thursday to spend the week end guest of . Mrs. Gyles also. .* Mrs. George Magruder was hostess _the members^ Bridge cltrbr ifrr"' ceiyed highest soor e prize and Mrs. Herman Brown cut consolation. The, concluding lecture of the Mis L aion Study class on “Stewardship and Missions” was delivered in the ladies’ Bible classroom Monday after noon in the Baptist Church by th« Except fer -pecial sePHces in s^me of the local churches and the oppor tunity presented to th? fair sex to display their new spring finery,* Easter in Barnwell we* just another dis agreeable March day. The skies were overcast part of the time and by early afternoon there wa« quite a high wind blowing. "’“Fnrty Sunday night the wind had assumed gale-like proportions and is thought fo have been the tail-end of the cyclonic storms that swept parts of Alabama and Georgia, leaving death and de struction in their wak e in these two States. Fortunately, however, no damage was done in this immediate section. Seven persons, were killed in Alabama and one in Georgia, scores were injured and great property dam age wa* done in practically the same sections that were swept by torna does le-s than a week before, when 362 persons were killed and many were injured. Federal aid is being sought for the people in the streken areas. One person was also killed and eight injured by storms near Richmond, Va. Don’t Get Up Nights Make This 25c Test. Yru need this easy bladder physic to drive out impurities 'And excess acids which cause irritation that re sults in leg pains, backache, burning and getting up night?. BU-KETS, the bladder physic, containing buchu, juni per oil, etc., works cn bladder pleas antly and effectively as castor oil on the bow’els. Get a 25c box (5 grain size) from your druggist. After four days, if not relieved of getting up nights go back and get your money. You are bound to feel better after this cleansing and you get your regu lar sleep. Locally at The Best Phar macy, Barnwell, S. C. AGENTS AIKEN BRANCH, W. W. Muckenfuss; W; O. Jones BARNWELL BRANCH, Perry A. Price BLACKVILLE BRANCH, T. L. Wragg * SALLEY BRANCH, L. A. McMillan ELLENTON BRANCH, John C. Watson WAGENER BRANCH, E. L. Richardson ' NORTH AUGUSTA BRANCH, O. B. Whaley JOHNSTON BRANCH, W. W. Rhoden LEXINGTON BRANCH, Loui 8 Rogers, Jr.. . BATESBURG BRANCH, J.’B. Ballentine. i • v Aiketo, S. CT., March 23, 1932# To All Debtors of the Bank of Western Carolina: The Order of the Court issued by Judge Dennis under date of Mar©fc-14, 1932, directing the Receiver, reads in part as follows: "In the interest of the depositors, the Court directs the Receiver to immediately call upon all debtors of the bank, except those whpse notes are-purchased through the exchange plan, to make prompt settlement of the amounts due the bank; and, in the event an obligation, in the opinion of the Receiver is not properly secured, he should insist upon additional collateral*" , . > * This plan offers to those who owe the bank a practical opportunity to take care'of their indebtedness without hardship. Your note is being offered to the putlic ^irrr^hn» nn^niiia fftQ bank, but instead of calling on you to pay the cash mnney, you are given tHe. privilege • of arranging with some depositor of the Bank of Western Carolina to take over your note on a basis under arrange- . ments mutually satisfactory to you and the other party. . The plan is entirely a new one and if you do ‘ not thoroughly understand it, please call on the bank's local agent, who was the former manager, and he will re ceive you courteously and explain in detail. We are anxious to collect your note in cash, but the Courts have authorized the above arrangement for your convenience. Receiver, Bank of Western Carolina. t 5* | ? ❖ t f f V *♦♦♦♦♦♦> To Our Customers:- The People-Sentinel stands ready and willing to meet any reasonable copetition on 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. f T 1 f f I Quite often buyers of printing are misled into thinking that our prices are much higher than those of out of town concerns when in fact they are as cheab or cheaper. For instance, a customer was jf quoted a price on 2,000 billheads. He then asked us for a quotation & on 1,000. Our price was based on Hammermill 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. •* - - T\ . 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 t6WA uliiceiii. —^—-r—^—— , Remember that there are just as many different grades of paper and printing as there are grades of cotton and that the quantity ordered also governs the price. So dorr t be misled when yoi^ 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. - — - . m ^ imu -. _ f! '‘**Z%* 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. ‘ ' ' " ‘ ' ' ' " ‘ ' ' Th e public i*. invit- •qJ^ OtA«r muaic has also bean arranged. < . . The pupils of the first and third grades under Miss Dorothy Neil and Mbs Caroline Richardson enjoyed an Easter «gg hunt Friday afternoon. SOUTH CAROLINA