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McCORMICK MESSENGER, McCORMICK, SOUTH CAROLINA THURSDAY, JUNE A messenger TRENDS FAVORABLE r Every Thursday Jun* 5, 1902 IOND J. McCKACKEN, Oditor and Owner y.. tenowad at the Post Office at Mc- <CuruKick, S. C., •'is mail matter of tittteweeond class. « * mmsCIUPTION RATES: OMw? Year $1.00 BKjc Months .75 Or we Months.50 m. % m t Btusy your {ertilizer | fk&m us. Prompt service assured. Get extra yields bigger profits *AA QUALITY FERTILIZERS W. T. STROM and EDGAR PRICE Dealers McCormick, S. C. t9 Wj&:' BociorToM Her How To. Lose 17 Pounds'Of Fat PEEVED • A Hickey of Roseville, 'Waites'. “My - doctor pre- Xmschen Salts for me—he 'wouldn’t hurt me In the BFwe lodt 17 lbs. in 6 weeks. Is worth its weight ki iiwn £2Erfcey ipald no attention to who said there was no fco reduce—envious women ile> see others youth- "She wisely followed her wfrtdce. Vfhy don’t YOU? Gtefc ul r»r of Kruschen today (ias^a % weeks and costs but a ttiflsir ‘sxM if you don’t lose 12 lbs. and. 3e*& years younger and heal- tiumEs—VKsmtj hack. Simply take half kea^oonful in cup of hot wates every morning (tastes fine with juice of half lemon added). Stncumf Drug Store. —Ad*: WANT ADV. WA3*m>—Man with car. Rout'; frtfjrrv»nte preferred but, not n: re awry. Rawleigh, Dent. SCF- TT'-'ML, Uri-hTnond, Va. GS XDr KBSORTM3NT cf high -icsfi* xitscO pianct- tho-oughly " TeiftCMfied $50.Gj and upward. traarantoed. Jtlri A. J^zTisnS,. Tlie GrernvwcJ Piano Ore-onwood, S. C. romOTV-J;--" 13 to •7 ry. T-i. 7n‘?rostcd nupilo r e Vfjn. ¥&. AVatson, MoCormioh, 3. «T. Vrxz HrULE—Poland China and pio-c- 3ii sizes. City Market, IrarC^nraick, S. C. IV'.UL-H COWS—For sale or trade few beef cattle. Jamie L. Smith, yS^rCh-imick, S. C. "Ht.^KSTTS POR SALE—Cabbage, On ion's, Toraaco and Collard Plants, AmKsrtxrfl 500 Plants 75 cents, A’fWO Plamls $1.25 Prepaid. Sweet V^jper and Egg Plants, && arootfed 500 Plants $1.00, 1000 Hterfiss W.Y5 Prepaid. Good Plants, Shipment. DORRIS H5AOT CO, VALDOSTA, GA. IN STiTE BANKING " A Recent Figures Indicate Large Increases in Deposits and Invested Funds Improvement in the condition of state banks in almost every respect during 1934 Is shown by statistics recently as sembled, Robert M.' Hanes, President Wachovle Bank and Trust Company. Winston-Salem, North Carolina, points out In an article in “Banking” pub lished by the American Bankers Asso ciation. The figures on which this state ment is based were gathered by the Committee on State Bank Research of the association from reports furnished by state bank supervisors throughout the country. “Ever since 1921 the number of state banks has been declining." Mr. Hanes says. “Between 1931 and 1934 the de cline was rapid. Figures for December 31. 1934,. showed that the downward trend has not yet ended, but the de cline last year was the smallest in twelve years.” # There are now. he says, about ten thousand state banks, which term in cludes all state/chartered institutions with the exception of mutual savings banks. The article continues: “Even more significant was the end ing of the decline of deposits in state banks which had been going on since the collapse of the stock market boom in 1929. In recent years for which fig ures are available the drop has been particularly abrupt. Total deposits in state banks declined from $20,395,762,- 000 on December 31, 1931, to $15,424,- 823,000 on December 31. 1933. The rec ord for 1934 shows a recovery to $17,- 508,760.000 at the year-end. Significance of Increased Deposits “It Is particularly gratifying to note the expansion of deposits, since it was their decline which made necessary the liquidation of investments, the calling of loans, and all the other phenomena which go under the name of ‘deflation’ and have brought^banks so much criti cism in recent years. It is now plain that this was due to efforts of the banks to place themselves in the pos session of enough liquid assets to meet the growing demands of depositors for the return of a part of the money which had been, placed on deposit. “That this is true is borne out by the movement of invested funds of state banks, which has paralleled that of de posits. These'in vested funds (loans and discounts plus investments) for state banks, dropped from $20,291,320,000, at the end of 1931, to $1«.915,773,000 at the end of 1933. By December 31,1934, how ever, they hud recovered to $15,769,510,- 000. All of this gain is accounted for by the increase in investments during 1934, the expansion amounting to ap proximately $1,300,000,000. “As for loans and discounts, they reg istered a slight drop again in 1934, but the rate of decline was much smaller than in previous years, which in itself is progress. Whereas the drop in loans and discounts amounted to approxi mately $3,300,000,000 in 1932, and to ap proximately $1,300,000,000 in 1933, it was less than $500,000,000 in 1934. “In another respect the balance sheet figures for December 31. 1934. were es pecially impressive. Bills payable and rediscounts of the state banks, which at the end of 1932 bad reached a de pression high of $669,709,000, had dropped by the close of last year to the low figure of $82,101,000. One must search the records as far back as 1917 to find bills payable and rediscounts of state banks at a lower figure. More over, It is reasonable to expect a further’ reduction of such borrowings during the current year.” TO FOIL BANK CROOKS NEW YORK.—The American Bonk ers Association Protective Committee has developed a plan cf bank inspec tion to bring out exposure hazards o weak spots in respect to attacks by criminals based on its long-established, nation-wide experience in investigating bank burglaries, hoidups and sneak- thefts. The inspection covers eighty leading questions and seventeen recommenda tions which are instructive in the p-e- vention of such crimes. These relate to such subjects as the use of alarms and other protective equipment, also the condition of windows, doors, skylights and other entrances which have facili tated the early morning entry of ban dits who kidnap bank employees from their homes during the night, or break into the bank premises and bind and grg the employees. BANKERS HELP “Save the Land and You Save tt.e Man” is the essence of a suggested agri cultural program recommended by the Arkansas Bankers Agricultural Com mittee. “Beware of impoverished soil. It leads to impoverished homes,” says a statement sent to the banks to be dis tributed to their farmer customers. “To help nature save the land, build up the soil, by: a. Stopping soil erosion. b. Planting legumes. c. Raising livestock. d. Developing pastures. “Look ahead with confidence—know what you are doing, therefore: 1. Draw up a farm inventory. 2. Keep a record, daily or weekly. 3. Budget expense, and keep within mm FOIES AID emm mmm llv R. S. HRCJMT President A merican Qaekcrs Association IT. S. HHCH I *\ LTHOUGH. as official studies of - business conditions show, business is still far from having struck Us full stride, nevertheless. I believe that it is undoubtedly true that the natural economical proc esses which have ah ways brought the nation out of a slump are now and have been for some time steadily at work laying t h e foundations for more active and normal business conditions. ' I believe that there is growing a broader public per ception that the people of this country muct make their own prosperity and not wait for the Covernment at Wash ington to make it for them. In other words, normal economic vigor and vi tality of the United States is slowly but inevitably bringing a return of natural business recovery. The Pcndamsntal Cure Like a doctor, the administration can help nature. But the fundamental heal ing processes will come from natural causes and not from political reme dies. Despite the slackening of busi ness now apparent, despite expressions of disappointment we bear from vari ous quarters, nevertheless I am confi dent that these fundamental healing processes, if not spectacular, are none the less surely at work. Gradually our business leaders are showing greater confidence in the fu ture and are assuming a more forward looking position. I firnily believe that If we will make up our minds to replace fear-psychology with confidence-psy chology the results will fully justify such a new attitude. BANKERS’ ASSOCIATION > STIMULATES ADVERTISING The American ’Bankets Association's Advertising Department reports rapid progress of the use by banks of the in formative bank newspaper advertising prepared by It for members to assist them tn rebuilding public confidence and good will in their communities. The central theme of this advertising service deals with the “essential line of economic and social service that all sound banking inherently renders the depositor and the public,” the report says, showing that “it is not banking laws which make banking useful and safe, but that fuudamentally it is hon esty and skill in management under pri vate initiative.” The Advertising Department is sup plying about a thousand members of the association with newspaper and other advertising material. The news paper material totals about 50,000 ad vertisements annually The growth of the work of the department Is shown by the following figures: On September 1. 1931. the number of banks being .-.erved regularly each month was 623. The total number on April 1, 1935. was 921. an increase of 301 regular sub scribers. or 49 per cent Ir a period of seven months WA3S ON 8JMB3EI1S national Bankers Association Pressing Active Steps to Protect Members— Losses Cat Imprisonment or death of many des perate bank criminals the past year has orought no appreciable reduction in at- y tacks on banks, James E. Baum, in charge of the American Bankers Asso ciation Protective Department, has re ported to his organisation. In the six months ended February 28. 1935, be says, banks were targets for 109 daylight holdups and 40 night bur glaries. He added that although banks that are not members number only abo it half those enrolled in the asso ciation, they suffered a far greater rate of attack, namely, 51 per cent of all the bank robberies committed during the period. Losses Show Decrease During the period under report, bank burglars and bandits exacted tribute amounting to $943,551 compared with losses totaling $1,257,000 a year ago. he said. This reduction in losses is attrib uted to tjie time-locking restrictions and other limitations in the exposure of surplus cash imposed last year by underwriters and several bank super visory authorities. Thu sharp reduction in the material loss of money and securities resulting from bank robbery this year was “over shadowed by the killing of 2 bank em ployees. one bystander and 5 arresting officers,” and since last August bank robbery also cost the lives of 15 crimi nals and caused physical injuries to 10 hank employees, 12 bystanders, 9 ar resting officers and 8 bandits, a total of «;j casualties. Investigations by the association’s igents resulted in the arrest of 36 'orgers. 42 bandits and one burglar, or .'9 of the 141 bank criminals reported as being apprehended during the period. G REAT numbers of people in this com munity have learned that the way to get a better used car is to visit this or ganization and buy a car with the “OK” that counts. Every car must pass a rigid, systematic inspection before it is awarded our Guaranteed “OK” tag. All features are carefully checked by factory-trained mechanics—brakes are ad justed, upholstery cleaned, the car made to look like • new, and all mechanical parts reconditioned to pro vide the finest and most dependable performance. See our fine stock of guaranteed OK used cars— today! Not only will you get a better used car value but you will also get a better deal on your old car in trade. SEE US FOR USED CARS wtt/i an that cotuttSi McCORMICK, - New Chevrclet Assembly Plant Opens in Baltimore Governmental, state and civic officials joined with the principal executives of General Motors Corporation In the formal opening of the new 80,000-car-a-year Chevrolet assembly* plant in Baltimore recently. The new plant (center) was dedicated with impressive ceremonies (lower left), and Chevrolet, Fisher Body and Geneial Motors officials were guests of the Baltimore Association of Commerce at a formal banquet in the evening. W. E. Holler, vice-president and general sales manager of Chevrolet, is shown (standing) with Maryland’s Governor, H. W. Nice, and Alfred P. Sloan. Jr., president of Geneial Motors (upper left). M. E. Coyle, president and general manager of Chevrolet, is pictured in the upper right photo with Senator Millard Tydings (left) and Mayor H. W. Jackson, of Baltimore (-ight). Lower ri^kt shows the first motor car built in that city n '