Historical Newspapers of South Carolina

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... --1 McCORMICK MESSENGER, McCORMICK, SOUTH CAROLINA Thursday, July 4, 1935 *. Two "^5 m > t' w' ^ 1 4? m, * McCORMICK MESSENGER Published Every Thursday Established June 5, 1902 cdmond j. McCracken, Editor and Owner at the Post Office at Mc- Oonnlck, S. as mail matter of the second class. SUBSCRIPTION RATES: One Year $100 Biz Months .75 Three Months -50 INDEPENDENCE DAY T* is just 160 years since that little group of men gathered in Independence Hall in Philadelphia and affixed their names to the doc ument which launched the United States of America upon its venture some course. To any student of his- tory it must be clear that "these signers of The Declaration of In dependence were those in whom two qualities of character predom inated—determination and courage. “Don’t fumble the torch” is a good axiom to apply to modern times. The “torch”, in this connection, is very small—a match—but what terrible havoc is wrought when it is fumbled. Tall buildings are razed, homes destroyed, virgin for ests laid waste, and worst of all, hundreds of human lives are lost by fire every year. The toll of fire from the careless use of matches, and from smoking, in 1932 was al most $30,000,000, according to fig ures compiled by the National Board of Fire Underwriters. And yet—what a simple matter it is to be careful. The extra sec onds required to make certain that butts or matches are completely extinguished are well spent when you consider what may happen if the torch is fumbled. Just place your heel on the butt and crush out every spark, of if it is a match, break it between your fingers. You fumble only when you toss them away carelessly. Don’t do it! 1X i REAL SOCIAL SECURITY THE SAME COUNTRY By ROBERT V. FLEMING Vice President. American Bankers Association There is a growing appreciation, both on the part of the people and the Gov ernment. of the earnest and sincere efforts being made by bankers to aid in recovery. It is desirable that we miss no opportu nity to foster pub lie understanding of tbe bankers' problems. We are living in an age of complex and upset economic conditions. Our af fairs are closely inter - related not K. V. FLEMING 0nly „ With ' n the confines of our own borders but extend to other coun tries throughout the world. GOVERNMENT BANK UNSIHTED TO 0. S. Would Serve Politics Rather Than Business Needs, Says R. S. Hecht, Citing Previous Experiences. QUOTES PRESIDENT JACKSON Extent and Diversity of This Country Presents Different Situation From Europe and Makes Regional Banking Necessary. A report from a representative medium-sized life insurance com- As Benjamin Franklin remarked, 1 pany says that the volume of regu- when he called upon all of those j j ar business secured during present to affix their signatures May of this year was ten per cent to the Declaration: ^greater than in any month for four ‘ “If we don’t hang together we and one-half years past, will surely hang separately.” In addition to the business in- They literally todk their lives in crease, the company found many their hands, these rebellious sub jects of the King of England, who, as Woodrow Wilson phrased it, felt themselves to be free men of decreasinsr Favorable Sngland, and as free Englishmen j ra tes’ are continuing. other favorable factors. The lowest lapse rates in its history are now being experienced. Policy loans are mortality And the - n °t tolerate the tyranny and amount of total insurance in force oppression of the English King They had no distinct idea of founding a new nation, these sign ers of The Declaration of Independ ence. They were the representa tives of thirteen colonies, each of which had suffered grievances 'Which its people could no longer bear, and each of which asserted its lights as a free and independent natfpn. They could' f nbt win that independence except Ijjr acting in common; but on that fourth of July, 1776, it is doubtfuF whether any of them looked forward to any- ance for war. The idea of a united is showing steady gains. Life insurance sales have held up well during times when business, employment and payrolls were tending to drop. That can mean only one thing—that the American people, having witnessed the de bacle that began in 1929, have a growing respect for the safety, permanence and soundness of life insurance from the standpoint of ■both protection and investment. Every time a new policy is sold it means that another family is start- ing'to achieve social security—and i The Greatest Difficulty I think the greatest difficulty we have to overcome in America today is due to our impatience with the progress we are making towards recovery. We must realize that while the Government can help by directing some measures for re lief and recovery, we must help our selves by doing our share to give im petus to the Government’s efforts. We have the same count-y and basically the same businesses, factories and people we had prior to the, depression, and business initiative must step forward if real recovery is .o be achieved. The theory we often hear expressed that banks create business activity is wrong. Banking can only make a sup plementary contribution to business ac tivity. Bankers have the facilities and the desire to extend credit, but busi ness must initiate activity by seeking the credit which is readily available to all worthy borrowers. Let it be said for business, however, that business men are as eager as bank ers to contribute towards recovery, i think some of the trouble lies in the fact that too many legislative measures have been proposed for reform which leave an uncertainty In the minds of business leaders as to their eventual outcome and effect. Consequently, they hesitate to expand unfit the probable effects of such legislation are known. MAKING IT HARDER thing more than a temporary alii- to achieve it through its own thrift FDR SANK ROBBERS and. foresight. That kind of se- gzoup of nations as a? perrhanent curity is worth more than all the institution had hardly been bom at government “doles” ever proposed. that time. From that little gathering in Philadelphia, however, has ^arisen THE ETERNAL VIRTUES richest and most powerful na- i Charlotte Observer, tttm the world has ever seen. The Courage, temperance, liberality, basic principle of human liberty, honor, justice, wisdom, reason and Mechanical Dev|C3s That Impede the Wcrk ot Bandits De scribed by Bankers As-> cociaiion Official. embodied in The Declaration of In understanding — these, President dependence, is the foundation upon Hutchins » of the University of which our whole national existence Chicago, tells the graduates of that 3nd progress have been based. institution remain the great vir tues of life and of these times. In spite of the evidence to the contrary, they are, and a word to BACK TO THE FARM Two recent surveys cast new light thls , e,fec ‘ is a P ro P os the on the current status of agriculture. There has been a small but en couraging rise in value of American farms. Between March, 1934, and March, 1935, values rose in 30 states, declined in but five and re mained unchanged in the other 13. “Back to the .Farm” is becoming a reality. Where a few years ago, the farm population was being de pleted by an exodus to the cities, the trend has completely reversed and streams of people are going from urban to rural areas. A num ber of reasons lie behind this, such as industrial unemployment, the development of profitable specialty farming, and the desire of immi grants to leave the cities for the land. In addition, the number of indi vidual farms is on the increase. In Kew England alone, there were 162,000 producing farms on Janu ary 1, 1935, in contrast to 125,000 on April 1, 1930. All of this speaks well for the fu- tdre of agriculture and a self-sup porting citizenship. It is natural fljat people should win their living fzpm the land. And the great prog- made in developing more sci- fic fanning methods—largely to the efforts of large agricul- co-operatives—is immeasur- improving the farmers’ oppor- to till the soil at a profit. A# in all, it is safe to say that the agricultural situation is basically better now than at any time since depression set in. people who are leaving the more or less idealistic lessons of the col leges and universities to run out against the cold, hard, metallic grind of experience. President Hutchins reminded his senior class that he was “worried about its morals”—but not the type of morals that instantly run to mind. What he was referring to is that species of immorality that is more dignified than the lustful in decencies, the immorality of un faith, the immorality of cynicism, the immorality of flaunting the higher virtues. “Do not be reconciled to dishon esty,” he cautioned, “or indecency or brutality because gentlemanly ways hare been found for being dishonest, indecent and brutal.” This is good gospel for the ears of modern youthhood that is rac ing from the institutions of high er learning to test themselves in the crucible of modem experience. Liquid - Tablets Salve - Nose Drops checks MALARIA in 3 days COLDS first day. TONIC AND LAXATIVE . .J A* FUMBLE THAT BRINGS DISASTER (In an ancient religious rite, cit- izfns stood at equal intervals, form ing a chain. The one nearest the altar lighted a torch, then ran* and gave it to the next, who in turn passed It on to the third, and so on. Each man ran without looking back. His sole Interest was to pass on the flaming symbol. citizens were warned fumbling the torch. And Mr. Frank L. Landes, the renown and well known mattress maker and renovator, has stopped off here in McCormick for a short time on his way back to Abbeville from Johnston where he has been busy for the past winter, who reports business very good, having made over and new some 680 mattresses in that vicinity in the past 3 years he has been calling there. Visitors always welcome at his plant. See how the other peoples mattresses are made, and you can rest assured you will get your own cotton back and all of it. FRANK L. LANDES Near Court House McCORMICK, S. C. The impediments which the hard working hank robber now meets in ply ing his trade among small as well as large banks are desr.ihed by James E Baum. Deputy Manager American Bankers Association in charga of its Protective Department.’in an article in "Banking” published by his organiza lion. “Protective equipment will minimize if not prevent loss." Mr. Baum says, •'such as the silent automatic type of aiarm. approved tear gas systems, sev eral styles of bandit resisting enclos ures and timelocks. or s^es equipped with timelocks. which can ba set for intervals of a few minutes. “The silent automatic alarms operate in the beginning of a holdup and through actions carried out by the bank employees in obedience to the bandits' own commands They are adaptable to the smaller banks which continue to be easiest targets for bank robbery. Tear Gas Systems “Tear gas systems have their advan tages as self-contained protective units where outside aid is inconvenient or too remote from the bank to be effec tive. One objection to the use of tear gas in preventing holdup is the need of pressing a lever or button to discharge it. Although this necessary action seems too much to expect of the victims in a crisis where their lives are in jeopardy, the fact remains that tear gas systems have defeated bank robbery. Its de terrent value is also important. “Different styles of bandit resisting enclosures are available. The lock man ufacturers also produce timelocks which can be set to open at intervals of five minutes or longer. These locks are especially adapted for attachment to small safes or chests for safeguarding surplus funds while the bank is open for business.” Stock of Central Banks Usually Privately Owned Of all the central banks at present existing there are only four whose stock is owned by the government. The new est central bank is that of Canada, which opened its doore only a few months ago after a most exhaustive study bad been made of the experience of all nations with tbe result that the stock ot the Bank of Canada Is privately owned. Agriculture and Industry ,ii ■i Returns for the first quarter of 1935 for industrial corporations publishing quarterly reports show net profits 21 per cent more than for the same in 1934. The total farm value of all important crops, exclusive of livestock, lose in 1934 to Il.TSZAZS.iNM. as compared with $4,114,265,00# In the previous year and $2,882,195,000 in 19*t. WASHINGTON, D. C.—A refutation of arguments in favor of a government- owned central bank system for the United States is presented in a state ment by R. S. Hecbt, President of the American Bankers Association, based j on exhaustive studies of European cen j trai banks. He also points out the dis- ' astrous consequences of previous cen tral bank experiments in the United States. “Our present regional Federal Re- I serve System under private ownership is infinitely better for this country than would be a government-owned and controlled central hank,” Mr. Hecht says. "If history teaches us any thing, it is that it is almost certain that a central bank so owned would be run to meet the varying exigencies of the government in power rather than to serve the commercial needs bf the country.” Central banking has been tried twice in the United States, but was finally abolished because the credit control which the centra) hanks exercised be came objectionable and unpopular, he goes on to say. What Andrew Jackson Said “The continued existence of the Sec ond Bank finally became a bitter polit ical issue and President Jackson suc ceeded in abolishing it.” Mr. Hecht says. “Permit me to quote from his fare well address: ‘The immense capital and peculiar privileges bestowed upon it enabled it to exercise despotic sway over the other banks in every part of the country. From its superior strength it could seriously Injure, if not destroy, the business of any of them which might incur its resentment. ... If you had not conquered, the government would have passed from the hands of the many to the hands of the few; and this organized money power, from its secret cdUetave. would have dictated the choice of your highest officers. . . The forms of your government might, for a time, have remained, hut its living spirit would have departed from it.’ ” When the Wilson Administration con sidered banking reform it carefully kept away from vesting central bank ing pow’ers in a single institution and instead introduced the regional idea by creating twelve reserve banks located in different economic and geographical sections of the country. Mr Hecht says, a plan that has worked exceedingly well because the separate hanks are under the guidance of men chosen on account of their intimate acquaintance' with the problems and needs of their respective territories. He continues: “The great size and diversity of America tends to make a centra! bank undesirable. The central hanks of Eu rope such as the Banks of England. France and Germany, cover areas not as large as some of our states. A cen tral bank in the United States on the other hand would be called upon to ad minister the financial policies of an area larger than all of Europe, in which there are quite a number of cen tral banks. Subservient to Popular Demands ft “Moreover, history has proven that any banking system entirely owned and dominated by the government usu ally demonstrates much greater ability in aiding expansion of credit than in putting on the brakes at the right time to prevent undue inflation by restrain ing and contracting credit. This is easy to understand because in times of de pression everyone is urging the govern ment to make money and credit easy and to encourage expansion. , • e 1 "On the other band, it always has been and always will be a difficult task for any government to call a halt in time of apparent prosperity because in the very nature of things, the govern ment would be very sensitive to public criticism and would hesitate to take any action which would tend to curtail business activity. It is such undue sus ceptibility to popular demands which makes government banking inherently weak. “Our studies show that of all the cen tral banks at present existing there are only four whose slock is owned by the government. The newest central bank is that of Canada, which opened its doors only a few aaontbs ago after a most exhaustive study had been made of the experience of all nations with the result that the stock of the Bank of Canada is privately owned." The American Bankers Association, Mr. Hecht says, Is convinced that a cen- tral bank would not be in the interest of the public or the banks. This posi tion, he added, is “well understood by the President and tbe leaders in his Ad ministration for we have been abso lutely frank with them in all of our discussions and havb missed no op portunity for emphasizing that in our opinion no banking system will, in the long run. be sound If it la dominated entirely by the ever-changing political administrations. We should de all we can to keep our banking mechanism aa far removed from partisan politics as possible." Supervisor’s Report STATEMENT OF CLAIMS PAID BY THE SUPERVISOR FOR MONTH OF DECEMBER, 1934 Claim No. Payee Purpose ; 12922 J. T. Fooshe, Salary W. T. Strom, Salary G H. McCain, Salary J. W. Corley, Salary C. W. Pennal, Salary C. C. Morgan, Salary J. L. Jennings, Salary J. L. Strother, Salary T. J. Price, Salary J. A. Talbert, Salary J. F. Mattison, Salary J. O. Patterson, Salary Hosie Brown, Salary A. V. Morgan, Salary H. C. Walker, Salary E. H. Miller^ Salary Jno. Creswell, Salary G. E. Carroll, Labor J. B. Lyon, Work on Bridge G. H. McCain, Expense of Car W. T. Strom, Expense of Car J. T. Fooshe, Operating Car J. T. Fooshe, Tax Col., Extra Help W. H. Hamlin J. T. Fooshe, Tax Col., Seizing Property W. T. Strom, Jail Expense G. H. McCain, Freight and SuppUes Mose Wideman, Supplies W. O. Graves, Supplies Geo. L. Sharpton, Groceries J. L. Self, Supplies J. W. Jennings, Supplies A. H. Faulkner, Supplies J. L. Smith, Supplies Calvin Spence, Pick Handles Gulf Service Station, Supplies — J. B. Smith, Supplies H. R. Deason, Supplies J. O. Patterson, Clerk, Postage for County Officers Mrs. J. T. Fooshe, Salary Gulf Ref., Co., Gas and Oil 12923 12924 12925 12926 12927 12928 12929 12930 12931 12932 12933 12934 12935 12936 12937 12938 12939 12940 12941 12942 12943 12944 12945 12946 12947 12948 12949 12950 12951 12952 12953 12954 12955 12956 12957 12958 12959 12960 12961 12962 12963 12964 12965 12966 12967 12968 12969 12970 12971 12972 12973 12974 12975 12076 12977 12978 12979 12980 :293l 12982 12983 12931 12935 12986 12937 12983 12989 12990 12991 12992 12993 t°994 12995 '‘>993 12997 1 2998 12999 13000 13001 ISOOl-a 13002 13003 13004 13005 13006 13007 13008 13009 13010 13011 13012 13013 13014 13015 13016 13017 13018 13019 13020 13021 13022 13023 13024 13025 13026 13027 Amount $ 100.00 100.00 100.00 66.66 41.36 8.33 8.33 3.33 .41.36 41.67 20.83 30.00 18.00 8.33 33.33 16.68 50.00 37.50 18.00 25.00 25.00 25.00 9.00 T. J. Price, Pd. Sinking Fund on Note — 1,500.00 Jeff Hunt Rd. Mach. Co., Bal. on Note and Int. 179.81 M. G. & J. J. Dorn, Inc., Payment on Note 225.00 Commissioners of Pub. Wks., Lights 15.18 Joseph Murray, Special Services Attorney’s Fee 25.00 G. J. Sanders, Coal 70.23 J. B. Gilchrist. Plumbing Fixtures 3.43 J. T. Fooshe, Salary 100.00 W. T. Strom, Salary 100.00 G. H. McCain, Salary 100.00 J. A. Talbert. Salary 41.67 C. W. Pennal, Salary 41.36 T. J. Price, Salary 41.36 J. F. Mattison, Salary 20.83 J. W. Corley, Salary 66.66 J. O. Patterson, Salary 30.00 E. H. Miller, Salary 16.68 C. C. Morgan, Salary 8.33 J. L. Jennings, Salary 8.33 Hosie Brown, Salary 18.00 H. C. Walker, Salary 33.33 W. T. Strom, Auto Expense 25.00 G. H. McCain, Auto Expense 25.00 J. T. Fooshe, Auto Expense 25.00 John Creswell, Salary 50.0C G. E. Carroll, Labor 45.00 J. B. Gilchrist, Work on Furnace 5.50 S. C. Con. Tel. Co., Telephones 12.40 A. V. Morgan, Salary 8.33 W. T. Strom, Jail Expense 19.80 J. L. Strother, Salary I 8.33 J. M. Gibert, Salary 25.00 T. J. Price. Retire 16 Bonds and Pay Int. 19,917.50 Mrs. J. T. Fooshe, Clerical Help .’J 40.00 J. T. Fooshe. Printing and Stationery 46.50 T. J. Price, Treas., Coupons 3,792.50 M. G. & J. J. Dorn. Inc., Office Rent 70.00 M. G. & J. J. Dorn, Inc., Office Rent County Agent 24.00 F. L. Bass, Pay for Calf falling through bridge 5.00 W. O. Graves, Oil 4qq W. S. Wall, Supplies j 75 Mose Wideman, Supplies 5*90 M. L. Gibert, Supplies 11 70 Patterson Clothing Co., Supplies 3.90 J. L. Smith, Supplies 15 05 White Hardware Co., Supplies a 5ft Gulf Ref. Co., Gas 337 Cash & Carry, Supplies 11 95 W. S. Arrington, Shoe Work 2 40 J. R. Corley, Supplies 168 q W. G. Huguley, Supplies 3 35 Stroms’ Drug Store, Supplies n 35 Dr. C. H. Workman, Prof. Ser. 71 50 Walker, Evans & Cogswell Co., Supplies i 36 95 The R. L. Bryan Co., Supplies 17 7 58 McCormick Messenger, Printing _ ~ 37s so Browns’ Inc., Supplies «« iLro^^o 011, Clerk '’ Postage for Co - Officers 10 43 McCormick Ser. Sta., Repairs for Truck lo u w * J ' J ' o 0 ™’ Inc '’ Lumber ami Supplies 971'n W. T Strom, Cost of Getting Prisoners . « « B. W. Parks, Making Coffin ' Edelstein & Co., Cot Pads O. H. Kirkman, Supplies C ; L. Beaudrot, Supplies III””!” Sinking Fund Com., Ins. on Buildings 6.45 6.00 13.50 14.49 8.00 381.60 TOTAL 7 30 156 59 STATE OF SOUTH CAROLINA. County of McCocmick. Personally appeared before me G. H. McCain, Supervisor, who, being duly sworm, says that the above statement is true and correct to the best of his knowledge and belief. Sworn to before me this 1st day of February, 1935. J. O. PATtERSON, Notary Public, 3. C. G. H. McCAIN.