Historical Newspapers of South Carolina

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McCORMICK MESSENGER, McCORMICK, SOUTH CAROLINA Thursday, January 16, 1941 Municipal Association Meets January 23rd IN ANNUAL CONVENTION AT WADE HAMPTON HOTEL IN COLUMBIA. •Hie annual convention of the Municipal Association of South Carolina will be held at the Wade Hampton Hotel in Columbia be- at 10:00 a. m. Januaxy 23, jr. h. Caldwell, Executive Secretary, announced. Mayors, municipal officials and the police and fire chiefs of cities and towns in McCormick county have been invited to attend the meeting. 1 Principal subject to be discussed at this meeting will be the part that South Carolina towns and cities are to play in the national defense program. Mr. Caldwell pointed out that the municipal officials had been requested to send the representa- Report of Condition of THE DORN BANKING COMPANY of McCormick, in the State of South Carolina, at the close of business on December 31, 1940. 10. 12. 13. 14. ASSETS ' Loans and discounts (Including $ None overdrafts) 42,219.70 United States r Government obligations, direct and guaranteed 17,000.00 Obligations of States and political subdivisions 35,572.00 Cash, balances with other banks, including reserve bal ances, ami cash items in process of collection 217,383.32 Customers' liability to this bank on acceptances out standing None Other assets 145.36 TOTAL ASSETS — $312,300.44 LIABILITIES Demand deposits of individuals,', partnerships, and corporations $214,189.03 Time deposits of individuals, partnerships, and cor porations 8,605.59 Deposits of States and political subdivisions » 40,723.82 22. 24. Other deposits (certified and officers' checks, etc.) TOTAL DEPOSITS $264,216.61 BHIs payable, rediscounts, and other liabilities for borrowed Money Acceptances executed by or fpr account of this bank and outstanding Other liabilities III 698.17 None None None TOTAL LIABIT.lTllss (not including subordinated obli gations shown below) — $264,216.61 CAPITAL ACCOUNTS Capital * $ 25,000.00 Sunrtus — 10,000.00 Undivided profits 13,083.83 Reserves (and retirement account for preferred capital) None TOTAL CAPITAL ACCOUNTS 48,083.83 tive fire and police heads to the meeting because these men are to play an Important part in the de fense program as far as the cities and towns are concerned. Reports by various committees will be submitted to the conven tion and Mayor T. W. Woodworth of Spartanburg, president of the association, will deliver the presi dent’s annual address. Other officers of the association are Mayor E. B. OWens of Colum bia, first Jlrtce*president, and Wal ter M. Nekton of Bennettsville, second vice-president. Members of the executive com mittee include Mayors Henry W. Lockwood of Charleston, Dr. G. B. Edwards, Darlington, Robt. Frazier, Chester, F. B. Creech, Sumter, C. F. McCullough, Greenville, Mack Mixson of Allendale, Dr. Carl Busbee of Conway and W. C. Johnston' of Anderson. x Prospects Promising For Poultry Prices and 1941 the feed 30. TOTAL LIABILITIES AND CAPITAL ACCOUNTS $312,300.44 *This bank’s capital consists of $ None of capital notes and debentures; first preferred stock with total par value of $ None, total retirable value $ None; second pre ferred stock with total par value of $ None, total retirable value $ None; and common stock with total par value of $25,000.00. MEMORANDA , Pledged assets (and securities loaned) (book value: (a) U. S. Government obligations^ direct and guaranteed, pledged to secure deposits and other liabilities None (b) Other assets pledged to secure deposits and other liabilities (including notes and bills rediscounted and securities sold under repurchase agreement) _$ 24,000.00 <c) Assets pledged to qualify for exercise of fiduciary or corporate powers, and for purposes other than to secure liabilities 1 None <d) Securities loaned * None Ce) TOTAL _$ 24,000.00 Secured and preferred liabilities: (a) Deposits secured by pledged assets pursuant to re quirements of law $ 24,000.00 (b) Borrowings secured by pledged assets (including re discounts and repurchase agreements) None (c) Other liabilities secured by pledged assets None (d) Deposits preferred under provisions of law but not secured by pledge of assets 9,498.87 (e) TOTAL - — „.$ 33,498.87 33. Subordinated obligations: <a) Unpaid dividends on preferred stock and unpaid Interest on capital notes and debentures, accrued to end of last dividend or interest period, not included in lia-. bilities or reserves above None (b) Other obligations not included in liabilities which are -subordinated to claims of depositors and other creditors None 34. <a) On date of report the required legal reserve against deposits of this bank was $ 18,150.93 (b) Assets reported above which were eligible as legal re- serve amounted to $217,363.32 I, P. J. Robinson, Cashier, of the above-named bank, do solemnly swear that the above statement is true, and that it fully and correctly represents the true state of the several matters herein contained arid set forth, to the best of my knowledge, and belief. P. J. ROBINSON, Cashier, Correct.—Attest: i M. G. Dorn, Hanora C, Dorn, G. J. Sanders, Jr., Directors. STATE OF SOUTH CAROLINA, County Of McCormick. • . Sworn to and subscribed before me this 10th day of January, 1941, I hereby certify that I am not an officer or director of this bank. Robt. L. Dendy, Notary Public. My Commission expires at the will of the Governor. Buy Your Automatic Wood-burn ing Stove And Furniture On Easy Payment Plan; Prices of chickens and eggs will average higher during the first half of 1941 than during the corre sponding jperfodi of 1940, County Farm Agent M* A. Bouknight ad vises. This, he explains*, is be cause supplies of poultry and eggs are expected to be smaller and the consumer demand is expected to be larger. The supplies of chickens eggs during the last half of may be larger than during last half of 1940. Poultry prices, except com, are expected to be about the same or a little lower during the first half of 1941 than during the corresponding months of the year before. Com prices will probably be higher. The relationship between the feed prices and the poultry and egg prices during the first half of 194) is expected to be more favorable to producers than during the first half of 1940.' The hatch during the spring of 1941 will probably be larger than during the previous spring. The number of pullets for adding to the laying flocks during the fall of 1941 will quite likely be larger than the number during the fall of 1940. Consequently, egg pro duction during the last few months of 1941 may be larger than during the corresponding months of 1940. The indications are that the. 1940 turkey crop is a little large^ than that of 1939. The storage stocks of dressed turkeys are the largest on record, but the demand for turkeys this season Is probably stronger than during the corre sponding period of a year earlier. Turkey prices during the fall of 1939 were relatively. high con sidering the supply and the de mand at that time. They broke sharply during the latter part of the year and were lower during the late winter and spring months. Turkey prices this season will probably average about the same or a little lower than during the fall and winter of 1939. During the spring of 1941 prices will probably average a little higher than during the spring of 1940. DOES FORD PAY GOOD WAGES ? Hire are some pacts about Ford Labor. During the year ended November 30th, 19^0, the Ford Payroll throughout the United States averaged 113^628 hourly wage earners, not including office em ployes, students, or executives. They were paid $185,105,639.12. On this basis, the average annual wage was $1,629.05. According to die latest available govern ment figures, die annual average wage of all workers in employment covered by old age insurance law was $841.00. If the 45,000,000 workers of this country received the same average wage as Ford employes, they would have had additional wages of more than $35,000,000,000, thus increasing the national income about 50%. Think what such an increase would mean to die workers of this country and to the American farmer, whose prices are based on the national income. Wage scales in the Ford Rouge plants are divided into three classifications: Unskilled . . . Minimum hiring wage . 75c per hour Semi-skilled.... Minimum hiring wage . 80c per hour Skilled ... Minimum hiring wage . 90c per hour Higher wages are in consideration of ability and years of service. , Minimum wage scales for unskilled labor at the Rouge plant are the highest in the industry. Top wages for skilled labor compare favorably with, or are higher' than, wages in other automobile plants. Now some facts on Ford labor conditions: Not only are sanitation and other health conditions the best in the industry, but Ford also leads in safety devices for the protection of employes. Proof of this is found in the following com parison of compensation insurance costs: The national average rate m automotive manufacturing plants as computed by the National Association of Underwriters is in excess of $1.50 premium on each $100 payroll. The Ford cost of workmen’s compensation is less than 50c. This indicates that die.chance of injury in a Ford plant is much less than in the average automobile plane The Ford Motor Company has no age limit for labor, and in fact deliberately attempts to keep older workers working. The average age of Ford workers at the Rouge and nearby plants is 3&X A recent check-up shows thae nearly one- half the workers at these Feed plants were 40 or over, falling into these age groups: 25,819 between 4$ and 50 14,731 between 50 and 60 '%W( 3377 between 60 and 70 417 between 70 and 80 12 between 80 and 90 In addition to the so-calfad regular em*- ployes, the Ford Motor Company has hired, and now has on the payroll^ at the same regular hourly wage, thousands of workers who are blind, crippled or other wise incapacitated for normal productive work. They are not selected! for their ability to build cars or to maintain the plant. They are on the payroll because of Henry Ford’s belief that the responsibility of a large company to labor * goes be yond the point at which the unfortunate worker can no longer produce profitably. The above are facts. They are open to anyone who really wants to deal in facts. Anyone who wants to get a job ... buy a car . . . or place a national defense con tract on the basis of fair labor treat ment must place Ford at the top of his eligible list. j I ! ;! O JR in p A N Y McCORMICK SERVICE STATION J. L. CAUDLE, Prop. FORD DEALER PHONE 64 ... MAIN STREET ... McCORlWtCK, S. C. should give careful consideration tp the use of high quality seed stock, and put into practice the best known cultural methods in order to produce a high quality merchantable product. It appears that for a number Sweet Potato Outlook of years to come the outlook is _ .. -iriyn I favorable to those South Carolina Promising r or 194 J k \j .-VJ* ,*• ,* PHONE NO. 76 McCORMICK, S. C. Clemson, Jan. 6.—With greater consumer-purchasing power in the United States in 1941, compared with 1940, there should be an im proved demand for sweet potatoes resulting in a higher price level fov this commodity if the 1941 produc tion from commercial areas is not much larger than was the , 1940 production, E. H. Rawl, - extension horticulturist believes. In the first* few months of 1941 there is likely to be a good demand for high quality storage or kiln-dried sweet potatoes. Discussing the acreage -pros pects, Mr. Rawl says: “A slight increase in plantur of sweet potatoes for the nation :s in prospect for 1941; The acr ' :e was reduced about 8 per cen' in 1940, and this reduction, togc T 'or with a slightly lower yield * 'r acre, resulted in the smallest x oo since 1936. Ordinarily, the * ot potato acreage in the South v' inversely with the price of c' m of the previous season, and in he commercial areas ■ directly th the price of sweet potatoes of .he previous season. In 1941 • i: ' is probable that the acreage in he South in the commercial areas will be increased slightly 'because of the higher, level of prices prevail ing iri the 1940 seasoriy ■ “South Carolina sv eet potato !.growers \vho contemplate expand ;ing comriiercial acreage in 194 1 W' growers who produce an excellent product and • who grade and pack out an exceptionally high quality product.” x — LOOK IK FOR ms, HEATS AND FISO Coronation mmm PASADENA, CAL.... Her Majesty, Queen Orene Qaines, is shown beinr crowned as Queen of the Junto.’ Tournament of Roses by movie ac tor Larry Simms, who was Grand Marshal of the colorful parade ia Pasadena. “Re ? d 'Em and ms Red Bass, Pan Trout, Salt Water Trout, Spanish Mackerel, Crokers, Mullets, and other kinds of fish. Fresh Extra Standard Oysters* Per Pint Per Quart Fresh Select Oysters, Per Pint Per Quart Fresh Extra Select Oysters* Per Pint Per Quart Guaranteed all oysters and* no juice; dry packed. Fresh Cooked Shrimp, A Cm Per Pound ___J 45C Raw Shrimp, Per pound Fresh Meats of all kinds at alT times.. We deliver* We highly appreciate the patronage we have re ceived in the past and hope for a continuation of same in the future, am !ook forward to serving you even better than heretxore. 20c Call JESTER’S ( ASH MARKET PHONE 25 McCORMICK. S. C.