Historical Newspapers of South Carolina

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FAGS SIX. THE BARNWELL PEOPLE-SENTINEL. BARNWELL. SOUTH CAROLINA THURSDAT. AUGUST IRP. THE PRICE OF ^ /BUSINESS SPEED i / ^ Banking Institute Speaker Says That Bank Failures Followed Business Failures 1/ * ■■ CHICAGO, 111.—Many appear to * thinly that failures occur only to banks, but th« complete story of business shows that failures of American banks have followed the failure of business enterprises, and have not been a cause of those failures, Dr. Harold Stonier, National Educational Director of the American Bankers Association, de* dared In a recent address here before the American Institute of Banking. “It is true that wt have had more failures in our banks than In the banks of a number of other countries,’’ he •aid. “It Is also true that we have had more failures in drug stores, grocery stores, railroads, and In every other type of business enterprise. At the same time, It must be said that we still have left after all our failures, more drug stores, more grocery stores, more railroads, and more banks than any other country.” People do not realize, be said, that we have in excess of 108 banks which have been in existence over a century and we have more than 2,000 banks which have been In existence over 60 years. “Id other words, we have more banks over 100 years of age than any other country—we have more banks over 60 years of age than any country in the world,” he declared. 'The American banking system has not fallen down— It Is not In danger of decay. Such fall- area as It has experienced are due to the price we pay for too rapid develop ment of business enterprises, but that is the American spirit” '‘Monopolistic Price Fixing* 1 Protested CongrcftMman Fulmer Asks for Hear ing With Secretary Wallace on Ginning (ode. Citadel Cadet Laid to Rest Last Week James L. Buist, Who Was Fatally In- ju-cd in Auto Accident, Buried at Blackville. U. S. GOVERNMENT GREATEST BUNKER Rons Fifty-two Financing Insti tutions With Investmant of Two Billion Dollars—Thir- ty-nine Agricultural A MERICA 8 blgseat banker today Is the Federal Government, which Is sow operating fifty-two flnanrlng Inatl- tetlons. saye Profeeeot John Hanna of Colambla University In tbs Amerlcsa Bankers Assoetstloe Journal "Forty of these are owned entirely by the GoveraBrnt.” be says “Is twelve more the Government has sW ready a two-thirds latereat Thirty- saves are Intended to be permanent. Twenty five of the permanent ones and fourteen of the temporary cnee are agricultural. • ... 1 The capital stock beld by the United States In these banks has a par value $1410.000.000 The Government's total IsveMment la nearly |« 000.000.- • 000 Resources of these Institutions ss ct*d 11,000,090,000 In addition tbs ^Go'erafetnl has detailed supervision ‘ over dfty-one mortgage banks, ope rat ‘•J under Federgl rhsrtjf. y* Tue Oovernmsnt atoo supervises 4.000 local agricultural loss associa tions with Fsdtral charters All this lakes no account of tbs relations of tba Government to the twelve Federal Re- ssrvs banks, nor of tbs authority rw- cantly given to the Reconstruction Finance Corporation to buy preferred •lock In national and state commercial banks ” The President has ordered the con solidation of tbs agricultural credit agencies into the new Farm Credit Ad ministration. says Professor Hanna. He expresses the opinion that before the consolidation of the agricultural financing agencies too much machinery had been created to administer the financing Institutions which the Gov ernment either owns or supervises. “Exiating Institutions represent a considerable differentiation of func tion and any consolidations should be preceded by a careful aurvey of the ac tual activities of the varioualInstitu tions.” he continues. "The only con solidation the Administration has an nounced is that of the agricultural credit agencies In the Farm Credit Ad ministration. As a permanent solution this arrangement l” too closely bound - up with politics. “A better scheme would be to create 1 u finance corporation under Federal : charter to take over either the agricul- 1 tnral finance activities of the Govern ment or all its lending agencies. ‘The Government’s financing and hanking activities should be kept severely apart from subsidy and other schemes for raising the prices of farm products. One Is business, the other is major political policy. The advantages of the corporation over bureau control for the business functions are real and significant’^ Washington, July 29. — Dec'aring himself opposed to “monopolistic price fixing” for ginning cotton and asking for a hearing with the secre tary of agriculture before a code of fair practice is adopited for this in dustry, Congressman Fulmar today addressed the following letter to Secretary Wallace: “I understand that cotton ginners of the cotton belt who are splendidly organized are pressing you for the adoption of a code as presented to your departmentjsome days ago by special repiesentatives of this indus try. It i s my understanding that this industry is calling for much better prices for the ginning of farmers’ cot ton than even during the period cf the World War. “I herewith enter my protest against the confimation of the ginners’ code until you have given an opper- tunity to farmers, farm organizations*, agricultural commissioners and others interested in a square deal to the farmers to be heard. “I want it understood that I am backing the president’s program to the last ditch. However, I do net propose to stand idly by and withhold my protest against monopolistic price Blackville, July 29.—Funeral ser vices for James L. Buist, who wa.- fatally injured in an automobile acci dent near Barnwell on Sunday night, were conducted at 5:00 o’clock Tues day aftemocn at the home of his parents, Mr. and Mrs. H. L. Buist. In terment was at the Blackville ceme tery. Pall bearers were Citadel ca dets in white dress uniform-. They were: Cadets Edward Elliott, of Au gusta, Ga.; Julian Salley, of Aiken; Want Jute, Rayon and Silk Taxed. Pope L. Brown, of Johnston; Larkin Jennings* Eel—Mitchell, Walter Mon— .y. - T . 0 * n- j • r-j- Washington, July 31. teith, Frank Collins and Marion Ed wards, of Columbia; Sam Mathis, Pinkney Still, and Jack Matthews, qf Stackvi]?e; and (Jabe McGrow, of Orangeburg. Colonel John L. Lang, | Commandant of the cadet corps, also attended the services. The ^ accident in which Buist was hurt took place about 11 o’clock Sun day night, July 23/’four miles from Barnwell, when Craig Baxley and Buist were returning to Blackville. Baxley, who owned the car, was driv ing. The truck which had been stop ped by Patrolman Rogers, was stand ing at an angle with three wheels on the pavement. The car cf Deputy ~ Cadet Built was one of the moat promising members of the senior cla.-* of The Citadel for next session. During the past year he held the rank of sergeant in company C in the R. O. T. C unit of the military college. He was a member of the staff of the Sphnix, the year book, and of the Bull Dog, the weekly news paper. He was also a member of the Rifle team. He wa s selected during hi s sophomore and junior year* a- c!as.< cheer leader. He was’^a mem ber of the Glee Club and Pass-in-Re- view during hi g Sophomore year. He also took an active interest in all social functions of the college. His popularity with class mates and friends wa.= aittested by the numerous floral offering s and the ^arge attend ance at the funeral services. fixing on the part of industry and SherlfT Gilmore Har ey, cf Barnwell, business without due consideration' wa8 approaching from the opposite being given to the producer of farm d’-rection. Baxley, was driving products, the consumer an<j laborer. on *■*** right aide of the road, dimmed I want to request that you designate, 1’ghts for the aproaching car. He if possible, a date at the capital city in each cotton State for a conference on the part of farmers and those in terested in farmers to meet for the was going at a m derate rate of speed, but did not see the truck until quite close to it Baxley swerved hut too late to avoid h tting the left purpose of pass ng any oede that hand corner cf the truck body. The may he submited to you by cotton engine of the autem bi.e ran under- ginrer, before you finally confirm protruding body of the same code.” I truck, but the top and wind*|lv»UJ ■ ■ — ♦ ♦— were hit. Buist fell from 'he car H«ty Scout Meeting. when Baxley brought, it to a stop ;n front cf the truck. Deputy Sheriff The regu ar weekly me*ting of the' Harley drove them t» Barnwell. Boy Sc uts will be held in the base- where Dr. A. T Russell admin >tered ment of the Baptist Church this first aid. Buist's father and mether <Thursday) evening at 8:30 o'clock, reached hi« aide soon afterwards and and all the Scouts are urged to be they, accompanied by Craig Bax'ey. present. Mad -on Woodward will be;’eft immediately for the hospital In in charge of this meeting and 1 Columbia. He was con-clou* during an <pporiunity for stancing Ten derfoot te-ts will he given. H. H. Stembndge. Scout Master. the whole time and ta.ked to bis par ents and bcspital attendants until a few arnutea before the end esme. Leading a fight to bring rayon, jute and other such products to a level with cotton, Congressman Fulmer and other South ern men today urged that these pro duct? be placed under a tax which would give cotton an equal break with them. At the present time these proucts come in without any tax and with the processing tax just put on cotton thi s gives them a big advan tage. Fulmer said ^ a t silk, rayon and jute must bear their proportioji of a tax to equal this processing tax. The fight on jute, largely used for cotton covering, * twine string and other purposes, will begin tomorrow. North Carolina and South Carolina interests are scheduled to be heard at the morning session. U. S. Birth mad Dnntk Rate The birth rate of the United States was 18.9 per 1,000 populstion In 1930. while the death rate was 11.3. In 1915 the birth rate was 25.1 and the death rate 14.1. The hlgheat death rate since 1915 was daring the flu epidemic of 1918 when It reached 18.3. Both the birth rate and death rate on males la higher. Between 1915 and 1930 there were 750.000 mors boys than girls born. During the name period 1.175,- C87 more men died than women. CaaaJ Ha* Parea* Baltaai The Napoleon built Ourcq canal, connecting the capital with important atrrama to tba north and mat. baa been found by engineers to bava a alava-likt bottom Tba Heine General council voted 20.000000 franca to plug the boles. Completed in 1A2. the eaaal remains a vital artery far food •tuffs tad raw materia la cousigned lo Parts by barga. Railroad Legislation A RECENT state legislative bill pro vided that a track man carrying a ball by day and a lantern by night should lead all railroad trains across grade crossings; that conductors must smile when snswering questions; that 1 It wonld be a misdemeanor to aerve ' aggs more than one day old on pullman ears; that trains be required to stop at nay Urns whan flagged by hitch-hikers. . sad that trains crossing rivers wider than tventy-Ave fast be equipped with iMfcfcoats tad Ufa preservers This one iflla* T HE Father of cur Country* was born In Westmoreland County, Virginia, two hundred and one years ago. If he could see his progeny now, b« would undoubtedly be Impressed, and possibly a little bit dismayed. The population of the thirteen original states was less than 4,000,000. The population of our forty-eight states today is more than 122,000.000. or more than thirty times as large. Washing ton was an eminently practical man. How, he well might ask, are sq many people to be fed? But He might be gratified If he was told that they are not only all fed, and very’ much better fed than in his day, but they make a special fea?t day of the date upon which he %as born. That is one reason why we called this story “Washington Wonders," but that title can also have another significance. It might refer to some of the culi nary wonders which are created on his birthday. Those are the wonders that we’re going to confine ourselves to writing about because (confidentially) we really don’t knojw what Washington would wonder if he could see us now. Red, White and Blue Of course the decorations of a Washington dinner must carry out our national color scheme— red. white and blue. There are many ways to do it—with ribbons, flowers, crepe paper, plates and glasses, even with the foods themselves. Bat we promised to tell what some of these foods which constltnte Washington wonders are. so here Is a mean tor sock a patriotic dinner: Iced Orange and Grapefruit Juice French Lamb Chopt Duchets Potatoes Peas in Cream Buttered Diced Beets Hot Finger Rolls Grapefruit, Cucumber and Pimiento Salad <t Deep Dish Cherry Tart* Demi-Tasse The syrup from the canned grapefruit in the salad is used in the first courser If desired, some of the syrup from the cherries may also be added to this drink to make it red. The Recipes Grapefruit, Cucumber and Pimi ento Salad: Drain the contents of a No. 2 can of grapefruit, and chill the fruit. Peel one cucum ber, cut in wafer thin slices and crisp in ice water. Drain the cu cumber slices, and arrange them and the grapefruit in nests of lettuce. Decorate with strips or cubes of canned pimiento. Pour over a very cold French dressing to which a little grapefruit juice aud a little chopped greeu pepper has been added. Deep Dish Cherry Tarts: Drain the contents of a No. 2 can of red pitted cherries, and divide among eight deep Individual tart tins, or custard cups, or ramekins. Mix one-half cup sugar with four tablespoons flour, and sprinkle over cherries. Put bits of butter on top. Poor over two-thirds cup cherry syrup. Cat pat roands of pie pastry, cat slit in tope and preee into shape over tope of Una or coatard capo. Bake a boat thirty miBuioe, having oven hot at first. (s 425\ then reduced to 250*. Thin makes eight tarla. ^ Or a Supper Or, If you prefer to serve a Washington supper, here's another suggested menu: Creole Chicken in Croustades Olives Potato Chips Sweet Pickles Cheese Biscuits Washingtqn Cherry Cream Tarts Coffee Creole Chicken in Croustades: aut(i one tablespoon chopped onion in two tablespoons butter, add three tablespoons flour, and stir smooth. Add the contents of a 12Vi-ounce can of chicken broth, and cook until creamy. Add one cup canned tomato, salt, pepper, the cut ^ip contents of a 12-ounce can of chicken, one-fourth cup diced celery and one teaspoon lemon juice. Serve hot on toast croustades or on toast points. Serves six. Washington Cherry Cream Tarts: Scald one and one-half cups milk in double boiler. Mix one-third cup sugpr, three aud one-half tablespoons flour and a few grains of salt, add to milk, and cook until thick and creamy, stirring constantly. Add two slightly beaten eggs, cook a minute longer, cool, and add one- half teaspoon vanilla. Fill bot toms of small baked tart shells with this. Meanwhile, cook the contents of a No. 2 can of red pitted cherries, and sugar gently with two-thirds cup sugar until the syrup Is thick. Cool and cover costard to tkrts with the glazed cherries sad thick syrup. This eight to uo tans.* ♦♦♦♦♦♦ 11111 0 M944* SPEND YOUR VACATION NEARBY Among the Sea-Island Pirtes on the Beaufort River. Kate Gleason’s Development Colony Garden* Housekeeping apartments, attractively furnished, two rooms, bath and kitchenette. Electric refrigeration,^ hot water, complete in every way. All you need is your baggage. Salt water pool and tidewater bathing, boat ing and fishing. > $25.00 Per Month $12.50 Per Week. Let Ted Do It I have recently taken over the BOLEN DRY CLEANING COM PANY’S Plant and am operating it in the same location under the name of PLEXICO’S DRY CLEANERS, am prepared to give my usual- good service. As you probably know, this plant is equipped with a GLOV ER’S CONTINUOUS FLOW SYS TEM, the only one in this section. Work called for and delivered prompt ly at our same low prices. Your business will be appreciated. Plexico’s Dry Cleaners Barnwell, S. C. m "SAVANNAH’S BEST’: • • That is the reputation we have gamed as the result of an unceasing endeavor to provide for your enjoyment delicious .wholesome foods, and comfortable.most satisfying accommodations. Altho our rates are the lowest in many years, every detail of service is better than ever before. 300 ROOMS 2 RESTAURANTS-FIREPROOF ANOUCW A s WllM IN EVERY ROOM -HOTEL - SAVANNA-H A THE TRAV-EL-ER’S C-HOIC-E ★ > I 0 putt ' BROWN & BUSH Attomcyu-al-Law BROWN-BUSH BUILDING BARNWELL, SOUTH CAROLINA PRACTICE IN STATE AND FEDERAL COURTS HALL & COLE, Inc* 94-102 FANEUIL HALL MARKET, BOSTON, .MASS. Commission Merchants and Distributors of ASPARAGUS One of the Oldest Commission Houses in the Trade. A SEND FOR SHIPPING' STAMP. £.>.X~?*X''>'X-X*'X~X~X~X~X~X-X-X"X--XX"Xr»X-X~X"X~X-X-X~X^J Prices on Paper Advancing! Place your orders for JOB PRINTING with us NOW!