The Laurens advertiser. (Laurens, S.C.) 1885-1973, January 31, 1917, Image 1
VOLUMEW XXXII. LAURENS, SOUTH CAROLINA, WEDNESDAY,-=- JAUR 31,---C
J. J. WSWAN SPOK[
ON FARM LOAN ACT
Attentive Hearing Given
- Him by Farmers.
ACT ENCOURAGES
HOME OWNING
"One of the grandest Business
Schemes Since the Organization of
Our Government Itself," lie Said.
Compared It to Regional lesewe
Banks.
"One of the grandest business
schemes since the organization of our
government Itself" was the way M1r.
J. J. McSwain characterized the legis,
'lation which brought about the fed
eral land banks In his address before
a meeting of farmers in the court
house Saturday. With the Regional
Reserve System to stabilize the -finan
cial and mercantile interests of the
country and the land banks to assist
the farmers of the nation, he said that
this country was now placed on the
soundest basis in its history.
The meeting Saturday, called by Mr.
J. Wade Anderson, secretary, of one
of the associations already formed,
was attended by a representative body
of farmers and business men and the
cloest attention was given Mr. Mc
Swain in his excellent address. At its
close, several audiTrs, including Mr.
L. h1 Bolt and Mr. F. P. McGowan
made a few remarks urging the farm
ers of the county to take advantage of
the provisions of the law.
Mr. McSwain, in opening his re
marks, stated that he would give only
a general outline of the law, .a the
directors will have wide discrgtionary
powers in applying it to individusl
cases. The rate of interest to be 'paid
on the farm mortgages, he dald, would
not exceed 6 per cent and in all lik-.li
hood would be less, according to the
rate at which the land bank will be
able to sell the bonds. In no case, he
said, would the farmer 'be charged
more than 1 per cent more than the in
tereift on the bonds, this much being
allowed for the cost of conducting the
land 'banks.
The present high rate of interest, he
said, Is due to the fact that the farm
era have been borrowing in small
amounts from private individuals who
are naturally interested in securing
as much for their investment as pos
.ible. The government will 'make the
lower rate possible by selling the
bonds of a large number of farmers
in the money centers where rates are
lower. The government, he said, does
not propose to lend money dirctly to
th farmer except at the beginning in
order to get the law Into operation. Af
ter this the government will only di
rect the sale of bonds secured by the
farm mortgages, the government only
acting as a medium of sale. Under the
Federal Lanri Hank law, the investors
in the farmt bonds wvill know that the
mortgages are safe, as they will be
guaranteedl by the Land Blanks and the
farm association. The security of the
land banks can only be endangered
by the failure of crops in all sections
of the country at one time, a great
depression or failure of titles as each
mortgage is guaranteedl by the entire
lAlnd Bank system.
Not only should the farm loan sys
temi be encouraged because of the low
rate of interest, he said, but because
of the encouragement which it will
give to thle simalI farmier and~ prIosi
Iretcive land owner to buy his own
Ihome. With the farm loan act in op
erat Ion and withi loans made on long
terms andl low rate of interest, there
is little likelihood of' a loan being
called unless tihe borrower proves
unuwil ling 10 applny himsel(1 f ini payIing
it off'. -Provisions are m uade ini the law
for Ilie horrower to have thle pay ment
of interest anrd instal lmen t in t wo
out of every ten years where It i.,
shrownr that inability to pay is 'not due
to laggardness on the parnt of the hor
rowver himiself'.
IAmans, he said(, wvill be made for
from live to forty yearis, accord ig to
thre wishes of the borrower. If at
ainy Itme it a piearis -to t he borro(1wer
that lhe cant get the b~eeft of a lower
rate of interest or if Ihe wishes huis
loan changed fromt a short term toa
long t erm, lie will lbe able to elanuge
his loan so ats to securen thlcse benie
Jutl. Or. I' ihn borrower ments with
good fortune and desires to return his
loan entirely, he will be able to do so
after at least five years.
Going further into details, the
speaker pointed out 'that the farmer
would have to pay the low rate of in
terest and a small, annual payment
each year. . The payments are so ar
ranged so that at the end of the term
they will have amounted to a sum
equal to the entire loan and the bor
rower will have met all of his Interest
charges and paid off the debt in addi
tion. The interest and payments to
gether will amount to practically what
the average farmer is paying in in
terest alone now. Thus, a loan of
$1,000 for twenty years will require
the payment of approximately $80 a
year to meet both tho interest and the
installment on the. principal. The
longer the term of the loan, he said,
the smaller will be tli amount of
each yeary installment.
It. is necessary, he said, In forming
loan associations to decide upon some
definite territory to be embraced. A
number of farmers in this territory,
not less than ten in number, should
get togethe and form an association.
After its foramtion, all other farmers
in that district may Join the associa
tion upon a two third's vote of the
directors of the association and sub
scribing 5 per cent of the amount he
wishes to borrow to the land bank,
.which is located in this district at Co
lumbia. Each association will have a
committee on appraisement which
will pass on the value of the land to
be mortgaged. In addition to this, a
salaried appraiser of the land bank
must also give his approval to the
loan. Not more than $10,000 may be
loaned to one borrower, nor more than
60 per cent of the value of the land
ofered as security plus 20 per cent of
the yalue of the buildings; and the
money must be used for specified pro
ductivo utposes, sudh ah the pur
chase' ranilands, -Improvorhents,
etiDment; 'fertilizers, or live stock,
or for the payment of existing indebt
edness. In addition, the borrower
must operate the farm on 'which he
secures the loan.
The motive of the law, lie said, is to
encourage co-operation among farm
ers. The effect Is to teach the farm
ers to work together. Citing the cases
of the middle western states, Mi. Mc
Swain said that the most progressive
states are those in which the farmers
borrowed the largest amounts of
money for farm improvemenjt and
farm ownership. 'By bping a land
owner, he said, the small farmer is
encouraged to be a better farmer and
at- the same time get the benefits of
his labor.
Mr. McSwain said the money was
not yet available, but that it would
be at at early date, probably about
April. In reply to a'question from the
audience, he said that the associations
are not limited in area but that a
sma'l area will be desirable for ex
pediency and convenience. No two
association districts, he said could ov
erlap, but that the associations are not
respectors of county lines.
Dr. Washington in Fredereksbuirg.
'rho many friends of Dr. WV. H.
Washington wvill be intorested in the
following item taken from the Fred
ericksburg (Va.) Daily Star: "Mr. W.
H. Washington, a registeredl druggist,
who has been in the dIrug b~usiness in
Laurens S. C., for sixteen years, has
accepted a plosition with Cole's Pharm
acy. lie comes highly recommended.
lie is a Virginian, born in Carolinic
County."' Dr. Washington, as pro
prietor of the Palmett.o D~rug StorE
here, was one of thle most. iopumlat
business meen ini tihe city andI is ihld
in high esteem here.
No hiace SuIcide Hiere.
C:onsiderable impetus was given t<
tihe pig-ra isintg 11id stry3 ini t hiis ((oun1t
several (lays ago and another stel
taken in the 1igh t agaInst the hll wee
vii when ai sow on Dri. W. I1. ii'
pilace justi across5 Little iiiver t'rom thi
oity ga ae birt-h to a litter of twenit5
little p fggies; all, of whieh are do int
w~ell and fatening. While the oh
mother is doubthIless ignoranut of th
finei record she lhas miade and1( fails ('
unders~ltanud thle fuss being miade aret
lie event , she is going about thbe hu;
inress of 'taking proper~ care for' then
Iwith the usual miotherly care and dis
M'iiss Pr lic Me(',hee has re iurned t
Horse Cave, Kentucky, after visiting
her sister, Mrus. John Bolt, for soml
timen
SFill In Picture Puzzle No. 3
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THtIE camel, the last picture you drew, children, is the pack horse of the
desert. As you noticed when drawing the camel. it is of a queer shape.
In traveling over the desert, where water is very scarce, the camel has
been known to go days without a drink. Where does it get water? you will
ask. It carries it In a little pouch or reservoir. Get busy again, children. Start
your pencil at No. 1, push it along to 2, 3, 4, 6, etc., and see what you will get.
A FIVE DOLLAR PRIZE
The Advertiser will print nine puzzle pictgres like the above during the
next nine weeks. Every boy and girl in the county is invited to fill out the
puzzle pictures as aptly and with as much artistic effect as they can. When
all the pictures have 'been published each chil who sends in the nine pictures
with a subscription to The Advertiser for one year will be entitled to com
.lfpe for the' Prize. N'w, of course, the child is expected to solicit the sub
scription from inome present subscriber or a ndw subscriber and not pay
-it himself- or herself. A omnnlittee of judges will decide on the best set of
pictures sent in,
JUDGES EXPENSE WILL SUBMIT NOAI) BOND
AGAIN ATTACKED ISSUE TO THE VOTERS
But Bill Allowing $500 Goes to Senate. Delegation Favors Allowing tie Peo
Brief House Sitting.
Columbia, Jan. 30.-Ratifying acts
is a novelty to the new house of rep- The question whether or not to Is
resentatives, so last night when the sue bonds to the amount of $300,000
first invitation of this kind was re- for road improvement in Laurens
ceived from the senate, practically all county will be left to the voters of
of the members went over to see it the county to decide. This is the
well done. sense of the bond bill introduced in
The house was in session for about both branches of the legislature, ac
two hours and did some real' work. cording to Mr. cooper, whose duty it
The calendar was called and a num- was to frame the bill as outlined by
ber of uncontested second reading the delegation. The informant of The
bills were passed to third. Advertiser last week was incorrect in
An effort was made to kill the Lilse statng to its representative that the
bill, providing for $500 expense bonds would be issued without sub
money for circuit judges, . when it mitting the question to the people. In
came before the house for third read- this connection, it will be of interest
ing. Representatives - Dominick of to the people of the county to know
Newberry moved to recommit. When that the Laurens relresenatives voted
this bill was up for second reading in favor of the Bradford resolution
there was a lively debate and it passed Intended to prevent. he legislature
58 to 418. The shave last night wvas atoiigtesl fcut od
even closer, the house refusing 'bywtot.heahriyftepol.
four votes, 49 to 415, to recommit. The Tef~ovn r h ilso e
parliamentary clincher w~as applied bls~hc aebe nrdcdb
and he bll oes o teseateSpek- ebr tof te on then dleation:
ing in favor ofor roacomprovment vrc aresdlgto:T inenLaurens
burg Bor~e anl Iehe ofLa thes schol t dito dein e. Tis of the
to pss te Pil, ciorsenttivset~nsohe ond billn Yntodungd ani
hughe of Oonce ~caron ofBarn ran ches, in the o egyislaure,c
wel. Iha ea of1~rion Vombrg iforadin to r. gor ho seet lv ndut (0 ite
Charlstonantibibstif rnng wasg tio ofameoo tae iel ms as tedb
ILI~'S~ti~'S 'A~ONSII~IE. the deleatorn. The tnforantof T'hne
Adetaish last leek wasd inlec inii
High Ol'Ilcstatii ngltolits treptesintataivectthtrehf
('oumlmittingdthegquestion tortheWpeople.t.n
this1 connectiong in: w ili of lnterest
ron 1 Sn (ife, o Rt~i(1111, t 1o't ele oft thei conty st onow
thatahetLurenlreprsenaivesvote
ilots Cia d MaterC in of avor1 othe Bradfod relain soltioni
'I' la'aan ii j~l'. ~libe ai i aentne to:. p~lrent t isature
citY t~afwithout theilauthoritya ofithe people.
lraai('oncl N. , 1. S.M. Whchboll ich o he eatin t oduced a by ii
and tohet.~ bi ie to i thelsena.i le a- m ebers o te\ Inrn's telegation:
(1ng( i tt fao ofreomiten wr Laans dlegation ToIau aen S'an
Repres~b~entats Fu'Il er' oit trange- iact enild"natt-sals e
burg, oozerV and~at iche~aiy of Lae; schooi''i'l ditric "in da' oon' of the
ito pat tthe tiol t pesaient. aves townships of Sueow,Youngs an
li(ih Of'icer in Masr to .itte po nd f
t.t iranoGeet nv te('~ite. will bei ti e :I~liniy yd n ~o'
1(1( fshin vill beasrvety thoe' :Y ' i' -an-a: i
foreelostre of mortgages in real es
tate.
Mr. lichey: lelating to the liabil
ity of comnmon carriers.
Mr. iRichey: To amend section 828,
volume 2, criminal code, 1912, relat
ling to seizure of alcoholic liquors, so
as to provide indemnity for the own
era of such liquors in cprtain cases.
Mr. Wharton: To amend an act en
titled "An act to establish a new
school district in a portion of the
townships of Seutlletown, Young and
Laurens, in the county of Laurens,
and to authorize the levy and collec
tion of a school tax therein," so as
to correct an error in the description
of the area of said district and to
change and establish the boundaries
rand the name thereof.
Mr. Wharton: To provide for the
erection of a dormitory to be used
in connection with the teacher train
ing course at Laurens, and to pro
v"ide a county appropriiation therefor.
WILL, AWARtD SCHOOL, PRiZimS
A Ppilications .41st. Ile 1ade Wltlh.ini
the Next Few Weeks.
For several years the South Caro
lina School improvement association
has been instrumental in giving prizes
to the schools of the State showing
the greatest imurovement in a year.
These prizes have been awarded in
December until this year. The State
executive commit te will make the
awards during the first week in
March. All applications must be in
the hands of the president, of the State
association by larch 1.
The announecment, of prize winning
schools will be made at the morning
session of the School Improvement as
sociation meeting held March 16 dur
ing the State Teachers' meeting.
Every school competing must have
a school improvement association and
must comply with the rules. There
are five entries as follows:
"1. Twenty-five prizes of $40 each
to be awarded to individual schools
making the greatest improvement dur
ing the time between January 1, 1916
and March 1, 1917. Each school com
peting for this prize must file its ap
plication with the official prize score
card. The school improvement score
card must be signed by a representa
tive of the local association, by a mem
ber of the local board of trustees and
approved by the county superintend
ent of education. Photographs of new
buildings are usually helpful to the
committeo in determining prize win
ning schools. Incorporated towns with
a population of 40, according to the
census of 1910, are not eligible to
compete.
"2. One prize of $10 to the local
association in each county raising
from outside sources and depositing
with the county treasurer the largest
amount of money. The 415 prizes- in
this class are intended to stimulate
local school improvement. work in
each of the -15 counties.
"3. One prize of $5 to each local
association sending in 12 repo~rts 10
the county organizer' for 12 reg~ulari
mlonthly m~eltings bietweenl .\lach t,
1916 and Alarch I, 1illi. Thlese repiort s
must be signedl by thle presidient of1
thle local school iimovemzentI associa -
tion1 and appiroved by the county 0or
ganizer.
"-I. Five unilty prizes. Two tirst
piriz~es of $2.5 each and lthree second
pri zes of $15 eachl will be giveni to t he
five counties replort ing thle larigest lper
(Ciltage of active local schiool im
provemienlt assxociatIions in the rural
schlools of the county. Tis reilort
mu11st lie signled by thle coun ity origaiz-i
er and( apiprmoved by the contil~y su per
"5. A certificate of award will i<
givyen to eIacti scoo((1 ldist ri(:t adoputin.
comliisory schooi(l atI V cud1ance thr oil 1
thle luinitiaive and coioperat ion of Ih
local soiol impro10' (ment assoCiaionI
11. is hiopied tha the1Il list 0f these die.
tIclts will (csiitmeo a roll II ionlr i
fl ori!i'' C lili ;i :1 ; .! hu1 i 110 I
1A11 Venls (olill i . : 4(I( n i iC.s .>holil(
('o inty Ongan .orI, for oil;(ial prizi
not yet enitirely recoveired fiomu th~
'VC!alld silo(C :,owing liis on
counter with tile burglar some tim,
go, hut he I: nhle to -o abohut.
AMERICAN FORC[S
HAVE BEEN R[CALLED
Pershing's Forces En Route
to Border.
REGULARS REPLACE
STATE TROOPS
At the Border the Iteginlars nill lIe.
tJieve the National Guard now on tihe
Border. Movement of State Troops
Ili-teiiiard Soon.
Washingtonil, Jan.. 27.-W1ithc'awal
of the American military expedition
in Mexico was ordered by the war de
partment today, and by the end of an
other week tile entire comniand, after
ten nionths on Mexican soil, probably
will have crossed into the t'aited
States.
The order: went to G;en. Funn ton and
Ih it to his diucretion the exac: tinc of
starting the northward mtovememn and
the details of carrying out. For sev
eral weeks he has known of the ad
ministration's determination to orde'
the troops back to the border and un
der his direction the expedition has
hem concentrated for the long m arch.
O'lleials here understand Iht some
adlvanec units already have started
north and that. within -IS hours the
whole column will be in motion.
At the border the regulars will re
lieve a considerable portion, if not all,
of the National Guardsmen remaining
on duty there.
The movement of State troops
homeward probably will be under way
by the time Pershing's men arrive oin
American soil.
Although officials have been silent
on the subject of Mexico since failure
of the joint commission negotiations,
developments outwardly have coupled
the troop withdrawal with Carranza's
refusal to accept the Atlantic City
protocol and have plainly forecast an
intention to let the first chief settle
for himself hereafter the many prob
lems engendering and endangering
the tenure of the de facto govern
ment.
A patrol considered adequate to
protect the border will be maintained
rigidly, however, and notice has been
served on Carranza that the United
States will not hesitate to use its
armed forces again, if necessary, to
protect American territory and Aner
lean rights. The American delegates
Oil the joint comiuission to, t heir
Mexican colleagues al. Atlantic City
that this government, never would re
linquish the right of unlimited and
unrestricted pursuit of bandits guilty
of border depredations. That Gen
Pershing's command, sent into Mlex
ico last March to disperse the bandits
who raided Columbus, -will be re
grouped at the border and Iut into
a condition of preparedness for a re
Currence of raiding, is not doubted~
here; andl in that connection a rmy of..
fieers are observing with keen init!ereSt
tihe pireparations being mladie by3 Villa
and his followers and allies to debmate
the territory that Gen. l'ershing wilt
evacuate.
All the recent moves in the Mlexi
(lun situation, however, and all ihose
in ((ontem11piat ion, are kept une cov-1 0~
ecr by the Otlicills shiapinig the~ Ceirso
of the admininstration.
A fter ('arira nza sent liack the. At
anutie City protodol withlom n .i>
nlatuiire, it w'as miadei kniown tiha: wheni
the time came for the next .sep it.
wouIld be~ takeni wAithout01 a nulnance
miient, anld thiat the tUt re piI'y of
the adiniistrat1ionl wouihi h& rn 'at -
cii onily as it was t ransatd an! i ae
I ion. n i ne hu'with his10 dit . th
mtent of the withidrawale od' :Aay
and l ilicials here anid ait ib de-i
arntmlent and the '\ b i ;l .d