Historical Newspapers of South Carolina

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3, 1928 McCORMICK MESSENGER, McCORMICK. South Carolina. Page Number Two is Made To More in 6,000Fanners Bf? Federal Intermediate Cred it bank Of Columbia This Year COLUMBIA, April 30.— M Approxi mately 6,000 farmers in this state have been benefitted this spring and Sommer by. loans from the Federal Intermediate Credit' Bask located in this city and the local lending insti tutions, such as the 21 agricultural credit corporations which rediscount fkrmers’ notes given for agricultural purposes,” accordihg to a statement made by President Ht^ard C. Arnold today. “These corporations set Up speci fically to deal with this bank and the farmers, hare outstanding at this time approximately |2j,800,000 made to farmers for agricultural purposes mostly funds to. make crops for wh'ch the farmers give their notes backed up by a chattel on their live stock, implements er other collateral and tho growing crops. Such loans are a material aid in assisting the farmers to produce all sorts of truck, tobacco, cotton and the many other crops grown throughout the state. In fact, the credit corporations are so thoroughly distributed about the state that farmers producing prac tically every kind of crop raised in South Carolina are borrowers. The agricultural credit corporations are located at Abbeville, Beaufort, Ches terfield, Columbia, Dillon, Fountain Inn, Hartsville, Johnsonville, Kings- tree, Lake City, Lamar, Loris, Man ning, Meggetts, Pelrer, Timmonsville, ' Unkm, Wegener and Chesnee. { “Farmers who borrow from these ag ricultural credit corporations, of course, are able* to pay cash for many of their purchases. The in terest which they pay on these loans is small, at the rate of not to ex ceed 6 3-4 per cent per annum. The saving which they usually make in just one item of their purchases, fer This drug store is- in- charge of an expert pharm acist at all times who knows. Bow to fill your pres criptions correctly from the pure, fresh drugs that we stock. Everyone is filled promptly and carefully so that no time is lost in case of urgent need. You can rely on our service.*' McCORMICK, S. C. is A Mr SEVEN DAYS A WEEK.* NO EASY ORDER THAT.. If any man thinks'it is, let him plan just SEVEN consecutive dinners with out repeating a single item on any one menu, for there mdst be that much variety. \ A woman most have considerable ingenuity to plan, and considerable executive ' ability to prepare twenty-one meals a week. Good meals are more easi|y prepared with good foodstuffs, the best of which are always obtainable here.. BLACKWELL Main Street .. McCormick, S. C. n Ml BOOK IS YOUR BOOK OF SUCCESS " • • Success comes to those who save and happiness follows success as night fol lows day. Your bank book showing a nice savings account, is your book of happiness and success, for it is the re minder that you are financially inde pendent and ready to capitalize on any . new opportunity that may present it self. SAVE REGULARLY EACH WEEK If you do not already have a bank book showing an account that puts you in the independent class, you can soon acquire that amount by saving regularly each week. • This hank extends you a friendly welcome to open your savings account here. Every feature of an efficient banking service awaits you here. TBE FEBPLES BANK McCormick, S. C. tilizer, by paying cash much more than pays the interest on their loan. The same being true of baskets, bar rels, spray materials and numerous other commodities which they have to purchase. The saving also fre quently coVers the cost of insurance of a hazardous truck crop. In some territory served by the bank such in surance is offered as extra collater al. The credit advanced by these credit corporations is given upon the individual applicant’s financial con dition, and the paper is endorsed by the agricultural corporation dr local bank and rediscounted with the Co lumbia bank. The mortgage over the growing crops is taken to insure col lection at maturity if a successful crop is grown. “Since the Federal Intermediate Credit Bank' was organized in 1923, it has loaned more than $40,000,000 for agricultural purposes through ag ricultural credit corporations and banks and has out at present about $6,500,000. This amount, however, will be increased as the farmers’ needs increase with cropping activ ities. The bank has also lent directly to farmers’ co-operative marketing associations in the territory which it serves, the Carolinas, Georgia and Florida, $35,000,000 on such semi perishable products as tobacco, pea nuts and totten when it is stored in government licensed or acceptable warehouses. These loans are made over a period of from six months to a year so the association may carry out the farmers’ orderly marketing programs. “Although the Federal Intermed iate Credit Bank is operated under authority of an act of Congress and the capital of the bank is supplied by the United States Treasury, the great bulk of its funds to loan are derived from the sale of bonds or debentures to the big banks in the money centers. These debentures run for about the peridd for which the loans are made. The interest rate » which they bear determines the rate which is charged by the bank. At present its rate to other lending agencies is 4 3-4 per cent to co-op erative mai'keting associations it is charging 4 1-2 per cent.' “Among the credit corporations in South Carolina having total lines of credit ranging from $100,000 to $580,- 000 are those located at Columbia, Jonhsonville, Meggetts, Kingstree, Beaufort, Dillon and Loris.” X Most Progress Comes From Learning One Line Of Activity Only (By S. W. STRAUS, President of American Society For Thrift.) South Carolina One Of Five With 5 Cents Gas Tax Two Hundred And Fifty-Eight Millions Country's Tax; California Gets Much Study the lives of the successful men within the range of your ac quaintance or those with whom you are familiar through reading and you will discover that almost without ex ception their progress has been due to rigid application to one particular line of activity. This, of course, does not mean that we should not be alert to the gen eral activities of mankind and main tain an interest in all phases of pro gress. In fact, twd of our nations outstanding statesmen — Benjamin Franklin and Theodore Roosevelt were men of remarkable versatility. It is not necessarily a drawback if cue is gifted along more than one line. But the scattering of ones forces is a type of thriftlessness that should be avoided. We should endeavor as much as possible to reap the values of cumulative effort because life and its activities are becoming more and more organized in the form of specil- ization. The greatest amount of proficiency can be acquired through repetition. Whatever you are, learn always to do your work to the best of your ability. What you do from day to day may seem unimportant, yet only through striving to the best of your ability to do the little things of life as they come to hand hour af or hour can you ever hope to excel .n your chosen field of activity. Thrift in money matters consists of the eliminatidn of wast' and the investment of one’s saving; so they will mean the most for one’s prog ress. The same rule appl es in the thrift of time and ability Putting in one’s time in a slip-sn :d, disor ganized manner is just ss wasteful as squandering money. The concentration of tire a and ef fort so they will Ving the greatest possible results is just as much a part cf thrift as investin;; money prudently and wisely. One of the great thrift lessons in life which all should learn is the value of syo'vr.lizaUon and concen tration. -txt- And even Methuselah’s obituary read, “and then he died.” WASHINGTON, April 28—With a gasoline tax of 5 cents a gallon in effect, South Carolina’s state gov ernment derived $5,080,385 revenue from this source during 1927, it is shown in figures on state gasoline tax collections compiled by the De partment of Commerce. The sum collected by all states using this form of levy was $258,- 838,813. AH but Massachusetts and New York collected revenue from gasoline during 1927, although Illi nois, whose legislature enacted a gas tax in 1927 kept a 2 cent levy in force during the last five months of that year only to abandon the tax in February, 1928. Illinois’ collections for the five months under a 2-cent tax were $6,199,509.. States with the largest tax levy were California, Florida, Kentucky New Mexico and South Carolina, each with a rate of 5 cehta. California from this source reported the largest revenue collections of all the states. $22,467,083. Nevada, with a 4-cent tax on the gallon reported the smallest collec tions, total $471,624. New Hampshire increased its tax from 3 to 4 cents a gallon at the end of 1927, while Virginia with a tax of 4 1-2 cents a gallon during 1927 joined the ranks of the 5-cent taxers i n March, 1928. Illinois is the only state in the union to have tried the levy on motor fuel and abandoned it. A list of levies and revenue col lections of the various states for the year 1927 follows; (first figure rep- rtrfents tax IfeVy at the beginning of 1927, second at the end of 1927 and third the revenue collections): Alabama, 2, 4, $5,908,986; Ari zona 3, 4, $1,388,830; Arkansas 4, 5, $4,338,737. California 2, 3, $22,- 467,003.; Colorado 2, 3, $3,139,594; Connecticut 2, 3, $3,054,966; Dela ware 2, 3, $662,159; Florida 4, 5, $10,980,588; Georgia 3 1-2, 4, $7,- 066,109; Idaho 3, 4, $1,571,749; Illinois 0, 2, $6,199,509; Indiana 3, 3, $10,133,569'; Iowa 2, 3, $7,248,214; Kansas 2, 2, $4,594,650. Kentucky 5, 5, $5,913,396; Louis iana 2, 2, $3,034,056; Maine 3, 4, $2,- 288,933; Maryland 2, 4, $4,169,397; Massachusetts 0, 0, 0,; Michigan 2, 3, $14,260,564; Minnesota 2, 2, $5,- 174,8801; Mississippi 4, 4, $4,890,686; Missouri 2, 2, $6,330,983; Montana 3, 3, $1,436,398; Nebraska 2, 2, $3,664,- 919; Nevada 4, 4, $471,624; New Hampshire 2, 3, $1,268,907; New Jer sey 0, 2, $4,082. New York None New Mexico 3, 5, $1,415,690; New York 0, 0, 0; North Carolina 4, 4, $8,786,682; North Dakota 2, 2, $1,- 275,565; Ohio 2, 3, $19,910,481; Okla homa 3, 3, $7,197,956; Oregon 3, 3, $3,645,191; Pennsylvania 2, 3, $17,- 296,333; Rhode Island 1, 2, $915,950; South Carolina 5, 5, $5,080,385; South Dakota 3, 4, $2,393,592; Tennessee 3, 3, $4,476,180; Texas 1, 3, $15,- 650,871. Utah 3 1-2, 3 1-2, $1,461,261; Ver mont 2, 3, $905,244; Virginia 4 1-2, 4 1-2, $7,139,707; Washington 2, 2, $3,821,438; West Virginia 3 1-2, 4, $3,794,069; Wisconsin 2, 2, $6,027,- 114; Wyoming 2 1-2, 3, $756,049; Dis trict of Columbia 2, 2, $1,148,794. Average rate of tax per state, 2.76 cents per gallon. Total tax collected by all states during 1927 $258,838,- 813. Street Taxes Due On May First Street Taxes are due and payable at the office of the Town Clerk on May 1st. Call there and pay them and get receipt. J. O. PATTERSON, Town Clerk. April 24, 1928. British surgeons have announced a lotion which will make a coward brave. If that stuff is any better than the bootleg liquor in this coun try, it will have to step some. txt The idree of water going over Ni agara Falls is washing it away at the rate of one-thirtieth of an inch a year. Congress should investigate this at once. txt It may develop, by the time the two national conventions roll around that some of the candidates who thought they were running, were standing still. Smith’s Progress (Spartanburg Herald.) It is by now perfectly plain that Governor Smith will enter the con vention at Houston with a long lead over any other candidate. No other candidate is able to make noticeable | headway. Inasmuch as nothing sue- j ceeds like success the great advant age already gained by Smith will stimulate further turning toward him. The mdst striking and significant development recently is seen in the overwhelming majorities for him in western territory, such as Iowa, j where dry sentiment is very strong. In other words, multitudes of “dry” voters are taking to Smith regard less. What can this mean? Does it mean desertion of the prin ciple of prohibition? This could scarcely be true c«f tens of thousands in a region strong for prohibition. Itj must be then, that these western; Democrats believe in their hearts | that Smith as president could, even i if so disposed, do little to hurt pro-; hibition, and that in fact until the law is changed he would enforce it at least as well as a Republican ad ministration, seeing that enforcement under Goolidge has left much to be desired. In the meantime, they consider that a change of party at Washing ton for many reasons is critically important from the viewpoint of the plain Democratic masses, for whom there is still little regard among the powers that have swayed the feder al government for seven years past. With Smith as the candidate, it is seen that the Republicans will face a real fight with strong chances of losing out. With any other candidate, which me^is rejection of New York’s idolized leader, there would not be the slightest chance to oust the Re publican^ In fact, the Democratic party would be profoundly shaken and demoralized by reason of dee^ resentments felt amc-ftg Smith’s loya* followers, who feel very strongly that he has by 1928 won a fair title to the Ipadership of his party. Ono th'ng is certain and this is that Republican leaders are growing increasingly uneasy at the multiply- sirrn« of deep and widerpread popular liking for and confidence in New York’s governor. In the Massa chusetts primary, the namo that came fourth in preference of Repub lican voters themselves was Smiths something to make New England Re publicans ponder. The situation is compelling the Republican party to consider nothing else than the nom ination of the best man they have. There will be no such juggling in a smoke-filled hotel room as took place in 1920. They feel in their bones that a tremendous fight is on their hands this year to hold on to the govern ment. And they will have all they want if Governor Smith is leading the Democratic party. His popularity in the East has been already evident a long time. That he has lately devel oped amazing popularity in the West has just been revealed. That opposi tion in the South even is weakening fast as something about Smith’s personality catches the liking and confidence of the masses, is obvious enough to all open-minded observers. If is a fact, therefore, that eight weeks before _ the contention, at Houston Governor Smith is far out in front of all competitors with no sign of effective combination among the latter against him. Also that this very fact is inspiring uneasy fear in the Republican councils everywhere. :xt- Sometimes the flat tire on an au tomobile is at the steering wheel, instead of one of the ether four wheels —:—xxx- Whenever the congressional record places a comic strip in its publica tion, possibly someone will open it then. -txt- The queen bee mates only once. Af ter she takes her honeymoon, the husband dies. That’s surely conven ient. SAVE TBUB ENEKOV There is no use for you to worry over the various problems that bob up in the spring cleaning of the home and premises in general^ nor in the prepara tion and cultivation of the garden and farm. We have many devices for the spring cleaning work and a full line of implements for garden and farm work, which not only save time, but enable you to do much better work. The prices are very rea sonable, and we shall be glad to help you select the proper article or implement for the particular job you wish fo do. WHITE HARDWARE CO. MAIN STREET McCORMICK, S. C. s== UNDERTAKING SERVICE We are prepared to render, on short notice and at very moderate prices, up-to-date undertaking service in or out of town and county. Embalming on short notice and at reasonable price. Free ambulance service in town or county. Call or see G. P. or G. H. McCain or J; B. Smith H P ram Undertaker, McCormick, S. C. PHONE NO. 77. For the best ice cream in the town; for the best hot dogs and cold drinks; cigars and cigarettes, you don*t have to go t-> any other place than rihe DIXIE CAFE Main Street McCormick, S. C. .We Also Serve Regular Dinners.