University of South Carolina Libraries
-4‘ 9 PAGE POUR. \ 1HE BARNWELL PEOPLE-SENTINEL. BARNWELL, SOUTH CAROLINA THURSDAY, NOVEMBER 10. 1932 Depositors of Bank Are Suing for Funds Wottk) Set Aside Judge Dennis’ Court Order for Disposal of Stockhol ders’ Liability. Aiken, Nov. .'1.—Involving the amount <of stockholders’ liability collected by T. G. Tarver, receiver of the Bank of Western Carolina, and contending that this amount, $K < .),7!M.H1 1 should bnvr been kept separate and used J'yi no other purpose except for dividend jMryments to depositors, a suit has Issrn brought by certain depositor.- and complaint was served on Mr. Tar ver Wednesday. The suit is brought by VV. O. John son and John It. Jordan as receivers of the Gaston Bank and Trust com pany; George 11. Leitner, R. G.'Tar^ rant and R. L. Gunter as tiustee.s of tin- Aiken hospital; W. P. Bowie.-, C. J. Weasels, estate of B. It. Randall by Mr-. Marie Moseley and Mi's. Ktta Uaigler, in their own behalf and in bebalf of nil other stockholders of the Jiank of W estern Carolina who may desire to eome into the proceedings. It. is set forth in the complaint that the Bank of Western Carolina closed doors October 19, 1931, and re- vtru? s the appointment of Mr. Tarver as receiver as likewise the authoriza tion given him by Judge E. C. Den nis to liquidate the bank on the ex change plan. The complaint further uXnrev- that Section 1H of Article 9 *>f the constitution of the State of Sooth Carolina provides for the pay ment of stockholders’ liability, and vyuotes the statutory law to the ef fect that "all such funds received (in .rtDekholders’ liability) shall be kept as a separate fund to be paid to the «k*positor» solely.” Stockholders’ liability in the Bank wf Western Carolina amounted to 4120,.‘UH), of which, the complaint al leges the receiver ha- collected $H9,- Growers Advised to Pool Their Cotton General Manager of S. C. Cotton Growers Cooperative Association * • Cites Advantage-. ■ i»an Bickley, of Lexington, South Carolina, and his ten ears of corn exhibited at the annual state fair at Columbia recently. For the fifth time ,oung Bickley is also winner of the 4-H Boys’ Corn Club prize as well fts first and second in open competition. Daii used . M’ pounds of S-4-2 at planting and sine-dressed his pri/.e- winning acre with 100 pounds of Arcadia Nitrate of Soda. In 1927 and 1930 this young farmer was champion of the eight Southeastern states of V :inla. the two Carolinas, Georgia, Alabama, Tennessee, Mississip. 1, and Kentucky, and was awarded Um Southern Rail way trophy cup. 2S7.A1, leaving a balance due of $199.- t . umlK ,,. s 10( , () ptnlnd| , of 7 . r> _ fi- 50ti,19 with interest, yet to be col- Ireted. It i s the contention of the plaintiffs that the said liability < f 42*9,300 accrued and became a fixed liability payable to the depositors on the 15th day of October, 1931, and fbat the depositor- of that date with «ts amounting to $2,287,914.32 own the sum of $89,783.81 of tkr stockholders’ liability a- collected lij the receiver, which, it is demand ed* .-hall become immediately available 1* the depositors in dividends. ft i s alleged, however, in the com plaint that the receiver makes claim of about $59,590.43 of the receipts from stockholders’ liability and ha* (pspused of the major pi rtion of this Ajaoant a s a part of the general as- ?jet ; nf the Bank of Western Carolina vniler a provision of a court order of tatii n of IKK) pounds of 7-5-5. Cu- Let- tuce, 200 pound- of 7-6-8. Tomatoes, 1620 pounds of 7-4-10. Turnips 1040 pounds of 6-5-7; and spinach 1500 pounds of 7-8--6 pounds. Five or six years ago. a que-tion- aiie of this kind sent to the truck farmers, would have .come back an swered, about as follows: "I u-e 2000 pounds per acre of 7-5-5 on practkykl- ly all of my truck crops.” Therefore, the answers given in the 1932 questii naire are not only inter- e-ting from the standpoint of differ ing from the old truck crop analysis, but they show that the truck farm- eis are really doing some intensive thinking as well as some intensive planting. Some of the answers showed le- markable knowledge and tremendous , jMlge E. O* Dennis authorizing the masoning on the subject of -oils and transfer and assignment of deposits fertilizers, f or instance, in writing und incorporating the provi-ion “that il * M ut an ^ ,ls ^ iPotato formula, one where .-aid deposits aio exchanged fi r farmer stated that he had viewed the assets i f the bitnk the original do- var * m ** sign- of magnesia and potash pus-tor or his a-signee or assignees hungei »n crops throughout the sburt have no further interest in the Stall ‘> J,n<l ,,n ,ht> experiment assets uf the bank or the .stockholder-’ station r,t “ ,,,s during the past two liability to dep. sitoi s.” The plaintiffs summer.-, and had trjed to counter acted that Judge Dennis exceeded avt thi ' v deficiencies on his own crop bu- authority in issuing the said court by the use of a material containing i rrler, an<l the complaint demands * >( dh magnesia and potash. (Sulphite that this court order be set aside. . I P°tash, magnesia.) The receiver of the B:\nk of Western »<>iiced the, same signs on Carolina found it neee.-saiy in the hi ' P° tato tro P ,f 8t spring that he trwrso of liquidate n to make a-e of savv (,n cotton and cc rn. and had u-ed *. wait of the collections from stock- th<> combination of magnekia and hwlikTif liability t » protect assets of P ,,tas h at that time, leaving a small ihe t»ank in the* inteiest cf the de- a,t>a ^' s held untreated. I he re- re-itors, for the paynwnt of taxes. sults wele VtM ‘. v out-tanding. and the Mr. and Mrs. L. t'. Pi ice and little -on, C harles, are visiting relatives and friends in Columbia. Selwyn Thompson, of The Citadel, was a week-end guest of his par ents, Mr. and Mrs. H. M. Thompson. George T< ole and Tommie Scott left last week for an extended visit to the former’s uncle in Tampa, Fla. Mr. and Mrs. T. M. Willis spent Sunday with Mrs. Sawyer, Mrs. Wil lis’ mother, in Johnston. Mrs. G. W. Whitaker and Mrs. A. A. .Lemon, of Barnwell, attended a meeting of the Red Cross in C’olumbia. Dr. and Mrs. J. L. Smith and Mr. and Mrs. Q. A. Kennedy left Thurs day morning C r a trip thiough Geor gia and Florida Mrs. A. M. Kennedy entertained for her house guest, Mrs. A. L. Izlar, of Chaileston, with several tables of 0 contract bridge this week. Mrs. Izlar was also honor guest at a party given by Mis. S. B. Ray. Monday afterno n at 3:30 o’clock the Working Juniors h id a si dal at the home of Mr. and Mis. L. S. Flen- riiken. “Sell by Smell” Slogan r Turns Odors Into Orders Washlngtoif—Inspired by the slo gan "sell by smell,” American industry is seeking and using s<*ft scents, to overcome-sales reMstancar v » insurance and other necessary ex- yewse, and the suit a- brought raises n, nice point of law. involving a- it not only the- amount of the stockholders’ liability as collected but ado the power, an hority and jui'i-- •Getwn of the circuit judge under whoso c uit order the receiver has iv-n liquidating the bank under an .approved plan which became opera- r cq mure than debt in nth- ago. HOPOCATRUC .By G. Chalmers McDermid. deficiency was- seemingly controlled The Pi evidential candidates tell us that a new .era has arrived, and we mu-t adjust ourselves to new condi tion-. This new; era has also arrived in scientific farming. With the re markably simple tests used by the scientists for deteimining . magnes ium and potash hunger deficioncie- in our' soils, n > farmer should sutler trom these iause s again. The Department of Commerce dis closed that the scents are proving use ful in sale of textiles, paper, paint, rubber, drugs and disinfectants. Psychologists were asked recently to determine bow much effect smell had in breaking down sales resistance. About .'on hoftsewives. at Utica, N. Y., -were asked to judge the quality of stockings, some of which had been scented. A large majority selected from'•the display the stockings which were scented with narcissus. The ex periments also showed that men prefer the aroma of pine. r Name Too Hard to Spell; Man Is Given New One The usx- rf -sulphate rf potash m.7u-"f ^*in—-IVxas.—Nje Doruru ! ihs:;i or lime-ton. Early in October I mailed a quec<- t «naiie to 35d ttuck farmer- of SoiiMj. Garolinii. asking vaiious ques- rns about tin- ercp.< which they f-Tint. The last question being— **PVa-e give me your opinhm- a- to the best fertilization of the follow- n>g named crops. Answer only f r nhf crops you grow.” * ’have tabulated the combined an- *wers to this question hecau-e I feel 5k»t xvhal the farmers have to say on fh:s subject i* as neai J right as could pmssibly be, and the combination of all answers is about 100 iper cent. For Irish potatoe- the average fer- IRtzer recommended wa s 2075 pounds acre of 7-5-7. For Cabbage, 2136 r^ands of 7-7-5. For sweet potatoes, GIKUi pounds of 6-4-11; beets 1000 lbs. trf 7-5-8; and for 1 carrots, 1040 pounds 7-6-8. of dolcmitic (magfTesui) i ...... uii our s'. ils, where needed, is an ea-y matter to determine. Soil testing kit- are cheap and ate quite easy to handle. Every farmer should have one. and .know how to use it, be cause soil conditi; n< are.different or almost every acre of your field.-. Mi st county agents and vocational 1 teachers knew how t » handle these (outfit-, and they will be glad to show you how. i-Gall .fiivjjDu.'m and rti^ke u new start in scientific agriculture t>n youi own farm. Social and Personal News from Williston Williston, Nov. 5.—W. R. Bell is in the United States Naval hospital at Pan'is Island for treatment. M:sse 8 Leu Belle Scott, Jacque Davis and Erie Givens entertained the young set cf the town Tuesday ^ evening with a Hallowe’en party at Snap bean 8 carried the recommen-' the home of the latter ® * grieeliia was ju-o plain Nie Doran re- cently by order of a District court tiered DonmgriCebia. lawyer and one time candidate for the Texas legislature, pleaded before (lie court that tlienaiue was "dillieuit to spell and projiounce witbout special siudy.” r riie court agreed, and also ordered that hence forth Dorniigriccliin’s wife will be Mrs. Lucille Doran. With cotton prices again at disas trously lew levels, and, at a time when many growers are finding it neces- .-ary to meet their financial obliga tions, the services cf the South Caro lina Cottoi^ Growers Cooperative As sociation should be of unustuU Inters e-t and appeal, according to J. S. Hathcock, General Manager. There i s no question, Mr. Ha the stated, that prices will teact /oon, and, In all probability, will be con siderably higher during the late win ter and early spring. Therefore, it should be to the advantage of all grower- to deliver cotton to the As sociation’s annual pool, lather than sell under present conditions, and thereby participate in the average prices for the year which are obtain able through the pool. Special attention is called by Mr. Hathcock to the liberal advances which the Association i s prepared to make on cotton delivered, and to the extremely low storage, insurance and interest charges which are appicable to cotton handled through the Asso ciation’s headquarters in Columbia or through local field lepre-entatives or Association warehouses which are present in all important cotton cen ters of the State. In the opinion of General Manager Hathcock, an entirely too large 1 an amount of cotton i s now exposed to the weather and will certainly be damaged to the extent of several dol lars per bale unless properly stored at once. The unusually wet fall, par- ticulariy as compared to last year, is making it exceedingly undesirable that cotton be left in the open, and growers are cautioned against a "penny-wise pound-foolish” procedure in leaving their cotton subject to weather damage. The damage will amount to several times the amount cf stoiage charge- necessaiy to pro perly protect it. According to Mr. Hathcock, the Association is now receiving approxi mately one thousand ba!e s per day and is contemplating one of the best year- in its history. No grower, under present conditions, should fail to give caieTul consideration to the advantages of handling his cotton co operatively. Investment in a Electric Refrigera- IT WILL PAY YOU DAILY DIVIDENDS IN HEALTH, HAPPINESS CONVENIENCE AND ECONOMY V Start now to enjoy the benefits this refi igeiator will bring to you and your home. It’s moderate first cost will be soon forgotten—it’s won derful advantage.- and conveniences * t never forgotten, so surely does it win the admiration and, ptaise * M its users. Visit our stone and let us show you the "G. E.” display today. Only $9.95 Down—30 Months to Pay Balance The average prioe of electricity in the homes seived by thL- company is only 11 cents per day. •4 E. L. GODSHALK. Vice Pie-/ and Gen. Mgr: ———* ; r v — y' South ^Carolina POWER COMPANY*^' J. W. RUFF, Local Manager i / , it.. • ' 7 War Rages for Year; News Now Leaks Out Loudon.—In an immense coun try of 462,200 square miles a tierce civil war has been raging for the lust year, and only now has ihe news reached-the western world. Tjie country is the least known in the world—Tibet, land of Im passable mountains and inscrut able human mysteries. Recently news reached here of desultory but violent clashes which have taken place between the Lamas—Buddhist leaders-of the Derge and Bara monasteries. mm MEN *—* Here's Value OpThi's Adv. This Adv. and Entitles you to a Durham Duplax Safaty Razor with ono now Gold Star Hollow Ground Blado and improvad Trtplo jrGelral Platad Guard. Try the Blade Man Swear By — Not At „ Modal No. II. Tako tha above coupon to your local doalor. If ho cannot supply you, mail with ‘25c to DURHAM-DUPLEX RAZOR COMPANY Jeney City, New' Jersey nhe Blades ’Men Swear By-not Jt For SHAVING SATISFACTION and ECONOMY! ' ^ . r * , . ' , • IU . n Now use the new Durham-Duplex “Gold Star Blade”! Keen, strong, long-lasting. Look for the Gold Star on each package. Here is what it guarantees • in every blade: ★ FINEST STEEL Selected by leading metallurgists, as the best obtainable for safety nuor blades. Pure and CLEAN—a triumph of metallurgy. (INSPECTION for uniformity^. ^ ★ OIL TEMPERED HARDENED .. then tempered in oil bath. This gives springy, resilient quality necessary for long-lasting edge. (INSPECTION to insure correct temper). ★ HOLLOW GROUND A safety razorbrade^fTirckenou^Titobeholtow-grouTirlrhosameaTa barber’s razor. Gives more backbone to shaving edge. (INSPECTION of ... bevel edges for uniformity). ' A SOAP HONED Individual honing in soap... the barber’s way! Pure olive-oil soap used . °n special hones. (INSPECTION for fineness of actual shaving edges) ★ LEATHER STROPPED Each blade (both edges) stropped by 1,000 feet of shell horsehide strops — same action a| used by barbers. (INSPECTION of shaving edges micro scopically before final tests). ★ HAIR TESTED Six places on each edge of each blade must cut a human hair. Test performed by hand —not machine. Then sterilized, rust proofed. Also sight test and final microscopic test. — ’ ' ★ PROTECTED EDGES ★ Each blade suspended on tabs to give absolute edge protection Edges cannot touch wrapping material. Wax-aealed in air-tight paraffin wrapping. ★ NEW PROCESSING > t AH methods keyed to latest standards. Automatic manufacture with indi vidual inspection of each blade insures uniformity.