University of South Carolina Libraries
Statement of the Condition of tle PEPLE8 BANK located at (Way Court, S. V., at the close of business March 1, 1920. 1R1DSOIrRCUES Loans and Discounts . .$174,690.99 Overdrafts .. .. .. . . 1.1,948.74 Bonds and Stocks Owned by the Bank . 100.00 F0tirniture and Fixtures .. 4,893.20 Banking House .. .. .. .1,08..19 iue from lanks and Bank ers .S. .. . . .. .. . . .. (1 D,598.8 Currencey . 1,193.00 Silver and other Coin.. 69.79 Checks and Uash I teis .. 623.95 Total . $261,502.31 LIABIIJTI HS Capital Stock Paid In .. ..$ 50,000.00 Undivided Profits, less Cur rent Expenses and Taxes .Paid . 9,853.70 Individlual Deposits Subject to Check . .$127,006.55 Time Certificates of De posit .. .. .. 76.321.86 ('ashier's Checks 1,317.23 201,648.64 Total ..............$204,502.34 6tate of South Carolina, County of Viaurens. Before me caie A. 'M. Owings, Cash ier of the above named bank. who, be ing duly sworn, says that the above and foregoing statement is a Irtle con dition of said bank, as shown by the !ook.; of said batnk. A. M. OWNGS. Sworn to and subscibed bfore me hi.s 6th day of Alarch. 1920. .INO. C. lOU', Notary Public. Correct At tet: 1r. .1. W. Beason, IL R. Brooks, PestIs T. Ciurry. Direc lors. SIalteient of the Contdition of the 'EOPLES LOAN & EXC ILBANK Located ait I arens I I , t '., tit Ihe close of buisiness March 1, 1920. Amons and I iscounts . . . .$198,82.19 Overdrafts .. 2,295..15 Bonds and Stocks Owned by the Bank . 25.000.00 Furniture and Fixtures .. 4,250.00 Banking House. . . . 10,000.00 Du1e fromt Bans and liank e's . . 13,8.42.14 Cu rrency . .. 5.152.00 Gold . 325.00 Silver and Other Coin . 1. .. :92.60 Checks and Cash Items .. 1,171.83 Other Resources, viz.: W'ar Savings Stamin .... 8;04.00 U. S. Laiberty L.oan iIlnds :61,000.00 Total .......... ..$626,125.21 Capital Sitock Pail In..$ 0.000.00 Sin thus Fund .......... 25,000.00 Uudividled Pois.less Cur rent l.xpenses and 'lTaxes Paid .. .. .. .. .. . . . . . 6 5,988.11 I)Ine to lansi:; and Bankirs 8,635.28 Divid'ends l'upaid 16.00 luidividial llvposits, Subject o Check . .. . $26'3.529.7 I Savings Doos:)Sts 50,5 15.17 Time Certi intes of Dv Iosit .. .... . . 110,791.85 Caslier's Chk s I,'6.06 126,785.82 Tota)..............$626,125.21 State of Southi Carolina, -ounty of Laurens. Before ie came C. W. Tulne, Cashier of the above named baink, wilo, being du1ly sworn, says that the above aid for'egoi ng statement is a true condi tion of said batnk. as shown by the books of said bank. C. W. T17NMC. Sworn to and Subscribed before me this 1th da y o4 .March, 1920. W. R. .\lcCV'N, -Notary Public. Correct Att i-: W. A. Watts, R. F. .10o10s, .J. W. Todd. I )retor's. !DEWS OF EVE No More Gentle Than I"Cascarets" for the *Liver, Bowels It is .in.st as noedlcs saa; it Iis danl aginst eI. -, har.'! j th iiill, sieken-s ing oil atn I .alta.. l'as'atrets giv'e 'uick relief wlhouto iniurty fromi :onstipaI t ion, biliohn.nle., indOiges!tionl, gases andl sick he:0anllhe. Gascar ets work whlileI you I leep, remloving thle toxinls, toisonls an tsour, t indige'stible waste w it hot. gr11iping or inIconIvC eice. Clas carets redguilate' by strentgthienintg the bowel muscles. Tlhey cost so little too. To abort a cold and prevent comn plications, take The purified and refined calomnel tablets that are uiausealess, 8afe and sure. M.cdicnat virtues retain-, pdI and imp roved. Sold only in sealed package. Prie Mr. ,ACOME TAX RETURNS DUE Business Men, Farmers and Wage Workers Must File Schedules of Income for 1919, MARCH 15 LAST FILING DATE. Net Incomes of $1,000 ov Over, if Sin gle; or $2,000 or Over if Married, Must Be Reported. The Income Tax Imposed by Act of Congress on earnings of the year 11) is now being collected. Ileturis iuder oath must be made on or before March 15 by every eiii zen and resident who had a net in conie for 1911 amounting to: $1,000 or over, if single ; or if mar I'led ind liivinlg apart from Wife (or huisband); or if widowed or divorced. $2,000 or over, if married and living witi wife (or liusballd). The status of thme person on, the last day of the year fixes the status for the year with respect to the above requi remenits. Under any of these circumstances i return must be made, even though no tax is (u., hIusband and wife must consider the income of both, plus that of de peideint minor children, In meeting this requirement; and, if sufliclent to require a return, all items must be shown in a joint return or in separate returns of iusbiand and wife. A single person with minor depend ents imust include the income of such dependents. A minor who has a net income of $1,000 or more Is not considered a dependent, and must file a separate return. Personal returns should be made on Form 10-10A, unless the net income exceeded $5,000, in which case Form 10-10 should be used. ltesidents of South Carolina should file theiri returns withl, am 11m1aike pay mneints of Ilneome Tax to, Dunican C. IlIeyward. Collector of Internal Itev entie, Col uihia. How to Figure income. The best way to finld out whether one must tile a return is to get a Form 1010A and follow the Instructions printed on it. That form Will serve as a reiinder of every Itemn of income, and if a ret urn is due it tells how to prepare and file it. If in doubt on any point as to income or deduetions, a lperson maY secure free advie and aild from the inarest Inter aIl Itevenue ollc. 'Guesswork, estimates and other hit or-miss nethods are harred when a per son is making out his Income Tax re turn. Accuracy and completeness munst be insisted upon. The return is a sworn statement. As such It must be thorouigh and accurate. Snaried persons and wage earners iust ascertain the actual compensation rMPeivet. Overtime, bon uses, shares in the profits of a business, value of quar ters and board furnished by the em ployer fnld other Items whlch are coin pensations for services must be in It must be borne in mind thait com pensa10tlonl may be paid( inl oilier forms than iln cash. A bonus pumidl in Liber-ty lionds is taxalie at the uunamrket valuec of the bondls. A note received in pay menlt for services is taxable lacoome at lis face values, amid tihe interest upon it is also taxablie. Other Returns Due. Ev'ery partnler'ship (oing business in the Uniitedl States must file a return on Formi 1005; and every per-sonial service corporation must file a similar ietu-n. Corporations Jnulst file annual re turns Oil F'ormi 1120. Troustees, executors, admninistria torsa and1( othiei's ac'ting in a fiduciary capac ity are reqluired to file r-eturnsl. In some casecs, Form 1(Mt1 is nsedi; ini others, F~orm 1040; and still others, returns oin both for-ms are requiredI. In foi'mua tIon re turns, on Forms 1091 andi 1090, muilst he 11lled by eveiry or gainization, ilrm or person who palid, duiring 1919, an amiounit of $1,000 in salar-y, wages, Interest, remit, or other fixedl or dheterninablie inicomie to ani oth~er person, partnership, personal service corporation or fiduciary. Tihese in forma tioii returns should he for wardled (directly to tile Commlilssioner of Internal IRevenue (sorting division), Washinlgton, D. C. INCOME TAX IN NUTSHELL W HO-Single persons who had net Income of $1,000 or more for the year 1919. Married couples who hlad net income of $2,000 or more. WHEN-Mar'ch 15, 1920, is final date for filing returns and mak lag first payments. WH E RE--Collector of In ter-nal IReveue for District ill which thle person resides, HOW--uill dirmections on Form 1010A and Form 1040; also thei law arnd regulations. W H AT-Four per cent normali tax on taxable income up to $4,000 In excess of exemption, Eiht per cent normal tax on balance of taxab~le Income, Sur tax, froiv >ne per cent to sixty five per ut on net incomes over $5,000. IMPROVE QUALITY OF COUNTY LIVE STOCK Unique and Successful Commu. nity Association in Virginia. Specialists Believe There Is Fertil Field for Formation of Similar Clubs Throughout Country Overhead Cost Saved. (Propared by the United States Depart mont of Agriculture.) One of the most unique and success ful community breeders' assodations of the country Is located in Loudoun county, Va. It Is unusual 'ecause in stead of fostering the breeding and improvement of a single class of live stock, it sponsors the improvement of eight breeds and classes of live stock. The excellence of such a plan is that duplication In work and extra expense are eliminated, while the society is really standardizing the production of purehred live stock within Loudoun county. Guernsey and Shorthorn cattle, Per cheron horses, Berkshire and Duroc Jersey hogs, Shropslhire sheep, and Rhode Island Ited and IBarred Ply mouth Rock poultry have been select Purebred Guernsey Bull, the Type of Animal That Is Gaining Popularity Because of the Better- Sire- Better. Stock Campaign. ed in public mieting by the farmers and stockmen of that section as the dominant breeds of the county. The Loudoun County Ilreeders' as sociatlon, organized in 1516 by joint efforts of the county agent, a progres sive banker, and a few forward-look hig fariners, hats grown from an orig inal sIrength of 00 to over 250 active members. Through Its manager it purchases and sells live stock for its ineilers aind has been of marked in fluence in improving the chatracter aind cluality of tihe county live siock. Specialists of the (elpartlent of ag riculture believe that there is a for tile ield for the formation of similar live stock breeding ciubs throughout the Inited States. III some of the leading stock-producing areas four or live, or even more, Individual breeders' clubs now exist, whereas one general organization saves an overhead cost and permoits of the hiring of a paid bisiness manager as In Loudoun county. CREOSOTE FOR FENCE POSTS Best Preservative Treatment ConsIsts of Boiling Wood In Liquid for Short Period. live cents' worth of creosote ap plied to a fence post will prolong its life many years. Posts that will last ordlmnrily hut four or five years in the ground can he madeL to last 20 by treat ing. W~oodls like beech, blich, maple, ush, popiar andl~ othe'rs thaiit aire not ordi nairily usd for fence 1)(ts, can be made as dIurablie as locust or cedlar by a preservative treatme'nt with creosote. This trealtment dloes not consist simply In pitin lg t he post with creosote or in diIpp ig it in creosote. While these treatments (10 some good, they do not insure dleep Penlet ration oif thle creosate Into the wood or the filling of the ernek cand0( season checks. The best preservuativye treatment con sist s ini henati ng thle posts in boiling hot creosote for 30 to. (0 inuhtes, thien leauving them In the tank until the liquida ims cooled. The (creosote will he forced deeply into the w~oodl and thus fill all checks and cracks and form an exterior shell of t reaited wood that will prevent retting. An old, dIs carded gasoline dIrum wIth the top cut out, set up so that a fire may be built beneath, makes an excellent treating tank at little expense.. USE SIRES OF GOOD QUALITY RecipienWm of Department of Agricul ture Emblems Represent Scat tered Sections. Widely scattered sections of the country are representedl in the'list of the first recipients of the official em blenm betowved upon live stock owners by the United fitates dIepartment of agriculture In connection wIth the "Belte: Sires-Better Stock" campaign nowv In progress. Possession of this emb~lem "'uows that the owner has agreed to ap and use only pure-bred sires of good quality, and will follow to the best of his aility breeding methiods leadIng to live stock Improve. ment. ~LETTUCE FOR LOCAL MARKET if Sold by Dozen it Often Pays to .rDIspose of it Before Maximum WeIght la Reached. If lettuce is for a locail market and soldi by the dozen, it often pay. to market before a maximum weight ha; been ry~u red. It all dependls upod the keenness of market and the need of benc~h for other nrops What Dropped. The dining room of a very exclusive residential hotel. Dinner in full swing. Clatter of knives and forks and the usual buzz of conversation. Suddenly, a crash at one end of the room, a sound of falling dishes. An abrupt pause in the conversation, attention concentrated on the scene of the calamity. Then, suddenly, soaring above a rising mirmur of inquiry, -one clear voice with the desired inforina tion, "Squash. my dear, of all things I" Trees Individual taste has much to do with the ornamental character of trees. What one person would call an orna niental tree might not be considered such by others. Or a tree may he ornamental In one placo and unattrac. tive in another. Thousands in Pilgrimages. Pilgrims numbering 300,000 annual ly visit the monastic cells at Kiev. Russia. INS' P Pro1 Barks L. C. BARKSDALE UT DELIGH1 varied I cluded in om est shoes. SHOE POLISHES BEST FOR HOME SHINES SAVE THE LEATHER THE BIO VALUE PACKAGES PASTS AND LIQUIDS V t e DemnO3oD tow THE F. F. DALLEY CORPORATIONS LTD.. BUFFALO. N.V. URANCE!, Fire Life Liability kutomobile late Glass >erty Damage SEE US dale & Roper Phone 409 R. H. ROPER 'FULLY feminine footwear for the kours of every Spring day are in broad displays of Spring's smart e have a size and width to fit your foot. rhe One-Price Shoe Men.