Historical Newspapers of South Carolina

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. I r ■» THURSDAY, JUNE 18TH, 1936. OUR PRICES HAVE NOT BEEN RAISED. 1934 Chevrolet Coach. 1933 Ford Coach. 1933 Plymouth Sedan. 1931 Buick Sedan. 1931 Ford Sedan. 1930 Fold Sedan. 1930 Dodge Sedan. 1930 LaSalle Sedan. ' 1929 Ford Sedan. 1929 Ford Coach. 1929 Ford Roadster, 1933 Chevrolet 1% Ton Truck. 1934 Ford 1% Ton Truck. 1934 Ford PickrJLJp Truck. 1932 Plymouth Sedan. W. E. HEATH, Inc. 1249 Broad St. Augusta, Ga. THE BARNJVELL PEOPLE-SENtlNEL, BARNWELL, SOUTH CAROLINA PAGE ELEVEtf -«j .6. .a. *6*. BARGAINS IN USED TRUCKS! A good' selection of reconditioned International and Chevrolet and %-ton and 1 Vi-ton trucks, priced from $75.00 to $600.00. McCORMACK-DEERING STORES INTERNATIONAL HARVESTER Co. 600 Block Reynolds St., Augusta, Ga. ADVERTISE in The People-Sentinel Liberia** Constitution Copies That of the U. S. Liberia Is a republic, one of the three Independent negro nations ef the world. It had Its origins In the ef forts of several American and Euro pean. colonization societies to estab lish a homeland for liberated slaves. The first settlement was planted In 1822, and in 1847 the land grants which had been acquired from native chiefs by the colonization societies were con stituted as the republic of ' Liberia. The United States was rather tardy in giving recognition to the new nation; observes a writer in the Cleveland Plain Dealer, but it has since several times made the rest of the world un derstand that it is interested in keep ing Liberia independent, or the re public would probably have been swal lowed up long since by one of the European powers. The constitution and government of Liberia are modeled upon those of the United States. There Is a congress made up of a senate and a house of rep resentatives, and the executive au thority is vested In a president and a cabinet of six. Electors must be of negro blood and owners of land. All of the officers of government are ne groes, largely the descendants of American negroes. The official lan guage of the government Is English, but only about 50,000 of the popula tion of 1,500,000 or more Is considered civilized. The first half dozen presi dents of Liberia were all of American birth. TRY A BUSINESS BUILDER KING HARRY SHOOTS THE WORKS at AUGUSTA TRADING CO. ONLY STRICTLY CASH FURNITURE STORE IN GEORGIA $10,000 STOCK NEW AND USED FURNITURE AT PRICES THAT WILL AMAZE THE WORLD. SALE OPENED MONDAY, JUNE 15TH, FOR THIRTY DAYS. King Harry's Message to Veterans I have just returned from the furniture markets in which I picked up from various manufacturers the finest line of bedroom furniture, living room and Kitchen FURNITURE. Also RUGS of EVERY description and a Vcar-load of odd chairs. And be lieve it or not, King Har ry bought them at less than a s ong. We positively sell nothing on credit and will positively save you 50 per cent, on any thing you buy in the furniture line. ■> (Signed) KING HARRY. LINOLEUM RUGS ONE CENT By making a pur- chas eof any ar ticle in store we will sell you a Linoleum Rug for one cent. 1c READ THESE PRICES and YOUR FURNITURE WORRIES Are OVER New Living Room Suites $175 3-Pc Suite $79.50 $150 3-Pc. Suite$69.50 $125 3-Pc Genuine Mohair $49.50 $100 3-Pc. Suite $38.95 NEW Bedroom Suites $225 New Bedroom Suite $89.5D $200 New Bedroom Suite - $79.50 $89.50 New Suite $48.95 $69.50 New Suite $29.95 New Dining Room Suites $275 9-Pc. Suite, Walnut, now $89.95 $250 9-Pc Suite, Walnut, now $79.50 $225 9-Pc. Suite ’ Walnut, now $69.50 $5.00 New 9x12 Bed room Art Square, now $2.95 New $35.00 Ranges now $19.95 Odd New Floor Lamps __ Worth $10.00, now $1.95 New $29.50 Kitchen Cabinets, all colors, now $14.95 $3.00 New 6x9 Linoleum $1.49 $6.00 New Perfect Porcelain Tables $3.95 New $19.95 Breakfast Suites, green, ivory, black and white, now $9.95 -$6.50 Odd Occasional. Chairs, now $3.95 Used Iron Beds, now $1.95 and $2.95 Every Piece of Used Furniture Reduced LOOK FOR NEXT DOOR TO LOOK FOR ORANGE SIGN JENNINGS DRUG CO. ORANGE SIGN AUGUSTA TRADING CO. 1162 BROAD ST. AUGUSTA, GA. ' - — - .... — Whatever Else You Read... Don’t Miss ARTHUR BRISBANE No man in fh« history of newspapers has ever gained such a loyal fol* lowing—no other has ever approached the influence of his column THIS WEEK Keep abreast of world af fairs with this most famous of newspaper editors. In his column, THIS WEEK-, Brisbane interprets the heart of the world’s news, and in words plain and powerful, illuminates with strong light the complex forces and ac tivities of modern society. ^ His short, crisp sentences are packed with the mean ing that has made his writ ing justly famous and has -gained him the title of “the highest paid editor in the world.” No wonder 25,000,- 000 Americans turn to Bris bane to sift the news of the greatly expanded world and interpret for them the out standing events of our swift ly moving times. Whatever else your reading includes —don’t miss his informa tive column. READ THIS FEATURE REGULARLY IN THIS NEWSPAPER [WOULD PROTECT P FIELD * IN RDRAL AREAS mi——.i > American Bankers Association Announces Purpose to Com bat Return of Excessive > l > Number of Banks CITES LAX CHARTER POLICIES IN THE PAST Finds a Chief Cause of Bank Failures Was Too Many Baake—Existing Sound Banks Sorring Communities Well ) n—ii NEW YORK. — Existing sound hanks, especially the small banks in the rural districts which are serving their communities well, should be pro tected from any return of the over banked local conditions caused by former lax chartering policies, which were mainly to blame for the unfavor able failure record of the past, says the Economic Policy Commission of the American Bankers Association. This is brought out in a report covering an in vestigation by the commission of bank failures and public policies in charter ing banks. “The Commission’s study gives an impressive revelation of how great a part mistaken public policies in the chartering of banks played in creating the unsound banking structure which finally collapsed with the Bank Holiday In March 1933,” Robert V. Fleming, president of the association, says in a foreword. “Over-production of banks, literally by thousands, over many years in the face of insistent warnings not only from bankers and others who recog nized the danger, but even more sb from the mounting records of bank failures themselves, is clearly shown to have constituted as a whole one of the great est single economic erroraln the history of the Nation.” A Recurrence Feared He refers to fears of a recurrence of over-banking recently expressed by Federal banking authorities, to the powers given the Federal Deposit In surance Corporation by the provision of the Banking Act of 1935 over the admis sion of banks to membership in the in surance fund, to strengthened state laws and to the policies now being fol lowed by both national and state super visory authorities aimed to safeguard the nation against over-banking. “But sound laws and conscientious officials are not of themselves always sufficient safeguard in any field of our complex national life unless they have the active support of public opinion,” he adds. "It is the purpose of the Ameri can Bankers Association to '1 in mar shaling public opinion in support of both national t.nd state supervisory au thorities in their efforts to strengthen and protect the banking structure.” The Economic Policy Commission summarizes its findings in part as fol lows: “The facts show a distinct causal r* lationship between the over-chartering of banks and the abnormal bank fail ure conditions that prevailed from 1920 to the bank holiday in 1933. It is desir able that studies be made on the basis of experience to develop Aandards gov erning the number of banks or the vol ume of bank capital which can be suc cessfully operated. “Such a study would embrace the question whether banking facilities can best be supplied to the rural districts by small unit banks or by branches from banks of substantial capital in larger centers. Existing sound banks, which are serving their communities well should be protected from any return of the over-banked local conditions caused in the past by lax chartering policies. Ranking Officials Queried “An inquiry among state bank com missioners shows a preponderant opin ion against increasing materially the number of banks, coupled with the fact that present laws give them sufficient discretion to prevent a repetition of the grave errors of the past. “Under prevailing abnormal condi tions, with the Federal Government ex tensively exercising loaning powers in competition with the banks, and with industry itself so largely supplied with funds as to render it to a great degree independent of normal bank borrowing, the banking structure even with its present reduced numbers, finds it diffi cult to support its existing capital in vestment and operating personnel. “These are jw factors, intensifying the need for highly prudent and re strictive chartering policies. We urge the retirement of the Federal Govern ment from the hanking business as rapidly as the return of normal busi ness conditions warrant.” ? T x T x T T T t t Mr. Vetera Why not spend some of that E ey for good furniture, something is lasting? We have a fine stock of Livingroom, Dining and Bedroom Suites that will please you. Also ranges, stoves, refrigerators, t • mattresses, beds, lamps and odd pieces. « We have a quality line, and a back ing of 22 years experience, and two stocks to select from. * • 4 ' I An Attractive Gift for Cash Purchasers f ? T i T T T t T T T t VETERANS! Reid’s Furniture Store ALLENDALE and BARNWELL The Word “Meru” The word Maru originally meant “a circle.” Its present meaning as applied to ships Is obscure to the Japanese themselves. When used as a prefix the word means “full,” “complete.” “all.” But it Is used as a suffix to the names of ships, not a prefix. According to Japanese tradition, the use of Maru In ships’ names dates back to the Eight eenth century, when a Japanese no bleman called a pleasure boat “Maru.” Some Japanese scholars, among them school teachers of the present day, un derstand the word Maru to mean “In a state of motion” or “moving.” Many Japanese seamen take it to mean “good luck,” the word meaning “circle” In dicating that the ship will safely sail back to its home port A Nickel at a Time w * THE RITZ THEATRE BARNWELL, S. C. ‘COOL AS AN OCEAN BREEZE.” Monday and Tuesday, June 22-23 FRED MacMURREY, HENRY FONDA and SYLVIA SIDNEY in The Trail of the Lonesome Pine” Also SHORT SUBJECTS MATINEE MONDAY-TUESDAY • < i' xT eoets a few cents a day to have a t< H coets as mack or more to try to do without H. You pay for doing withont a telephone a nickel at a Instead of calling the grocer or druggist, yon have to make If you must get in touch with a friend, yon have to go in | or send a message. And in bad weather, such trips are no pleasant. When an emergency conies and yon want a doctor, or the police QUICK—a few minutes delay may be costly, would give a lot then for a telephone ... Let the telephone go to work for yon right away. Inst pal in touch with the telephone business office, or any telephone ens* ploye you know. Then make a cheek, if yon like, and yan will find your telephone more than pays its way In convenience, com fort and protection. Yon Southern Telephone and Telegraph INCOftPORATKO Conference on Banking NEW YORK. — An eastern states conference on banking service will be held by the American Bankers Asso ciation in Philadelphia January 23 and 24 as a part of the organization’s na tionwide program on banking develop ment, it has been announced. Robert V. Fleming, president of the association, will preside over the meet ings. It is stated that this conference will be the first of several to be held in various parts of the country presenting a program the details of Which are now in the course of preparation. The general topic of the conference will embrace the managerial, legisla tive and operative problems confronted by all classes of banks. Aa outstanding phase of the meetings will be the de velopment of plans for pronwting a v> , general bettfer public understanding In Wednesday and Thursday, June 24-23 JACK HALEY in “F MAN” MATINEE THURSDAY—4:00 P. M. Friday and Saturday, June 26-27 Cooper regard to bank functions and policies. —IN— Mr. Deed* Goes to Town With JEAN ARTHUR MATINEE FRIDAY-SATURDAY- COMING MONDAY-TUESDAY June 29-30 “DESIRE” IrftjJ * Av&mbcjCl Rdimti C. F. MOLAIR, Barnwell, S. C.