The sun. [volume] (Newberry, S.C.) 1937-1972, June 27, 1957, Image 2
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PAGE TWO
THE NEWBERRY SUN
un
1218 ColWfe Street
NEWBERRY. S. C.
PUBLISHED EVERY THURSDAY
0. F. Armfield, Jr., Owner
Entered as second-class matter December 6, 1937
at the Postoffice at Newberry, South Carolina, under
the Act of Congrress of March 3, 1879.
SUBSCRIPTION RATES: $2.00 per year in ad
vance; six months, $1.25.
COMMENTS ON MEN AND THINGS
By SPECTATOR
Do you know which of our National Banks in South Car
olina is the oldest? Well the oldest National Bank is in
Greenville and it has joined that great family of banks
known as The South Carolina National Bank of Charleston
and the name of the thirty-two banks is still The South
Carolina National Bank (of Charleston). There’s a lot of
history in all that. The great South Carolina National Bank
grew r out of the Bank of Charleston; and the Bank of
Charleston was organized to take the place of the Charleston
branch of The Bank of the United States when old Andrew’
Jackson closed the Bank of the United States and left South
Carolina farmers, merchants and shippers without adequat
facilities for doing business.
The South Carolina National Bank holds in special esteem
Julian Mitchell and B. M. Edw’ards; they have saved the day
in South Carolina and the great Bank w’eathered the De
pression and the gloom and disheartment of the crash w r hich
vdiich shook our nation to the very foundations.
Everybody know\s, or has heard oUB. M. Edw r ard^; he is
one of nature’s noblemen as well as a sound, sagacious and
successful banker.
In whatever situation,“B. M.”, as he is affectionately
known, thinks out the problem with a mind as clear and cold
as ice, but with a heart of gold. Never w*as his judgement
clearer and surer than w r hen, like David speaking to Solo
mon, he decided that he had labored and wrought so many
years that he needed more time for fishing. He w’anted to
plumb the depths of Saluda Lake and the black waters of
the Edisto River.
So with that prescience of the forward-looking man he
carefully surveyed the field throughout the South seeking
a man whose shoulders could bear the great burden of oper
ating the big South Carolina National Bank, with its member
banks in so many cities of our. state —13 cities, I think, from
Charleston to Greenville, including the cities of Columbia,
Sumter, Anderson, Newberry, Florence and reaching into
the Pee Dee at Cheraw. 32 banks in 13 cities, in fact.
The survey of the banking fraternity convinced “B. M.”
that the very man, pre-eminently the wise banker, the con
structive mind, the conservative yet progressive manager
was the President of The First National Bank of Greenville,
W. W. McEachern.
THE fourth; modern version
'—How do I know my electric meter is accurate?
-If you have any doubts, ask that it be checked with the “absolute”
watt-hour meter at your electric utility. Each electric utility has
one of these meters, which is in turn checked for accuracy with
the ultimate authority—the standard watt-hour meter at the Na
tional Bureau of Standards in Washington. This is important to
electric users, since a one percent error in electric meters on
an average would cost consumers approximately $90 million a
year, based on the annual electric bill of $9 billion.
•Are municipalities taking advantage of the provision of the new
water pollution control Act?
According to public Health Service, applications from municipali
ties in May were already $35 million above the $50 million appro
priated for the first year of the Act, in 913 project applications
filed with State agencies or in regional Public Health Service
Offices. These involved $84.1 million of Federal money to be
applied to projects costing a total of $456.1 million.
-Is a six-month enlistee eligible for VA hospitalization after he
leaves military service?
A -He would be eligible if he was discharged under conditions other
than dishonorable for a line-of-duty disability, or if he is receiving
compensation for a service-connected disability.
q—How many delegates attended the constitutional convention of
1787?
A—Of the 74 delegates selected, the average daily attendance was
about 30, although 55 of the 74 came to the convention. Some
delegates left Philadelphia during the summer because they main
tained the original purpose of the convention was to revise the
Articles of Confederation, and not to draft a new constitution.
Virginia, not only mother of Presidents, the inspiring back
ground of our Nation, our Declaration of Independence,
our Constitution and the Virginia-Kentucky Resolutions,
for the old Dominion was the home of George Washington,
Thomas Jefferson, James Madison, John Marshall and Harry
Byrd. What could be better? Well, W. W. imbibed the spirit
of Virginia. What a preparation! North Carolina, Georgia,
Florida, Virginia! I repeat, Virginia; yes, Virginia, with
great emphasis.
How was W. W. McEachern to be included to become Pres
ident of The South Carolina National Bank? That was the
problem “B. M.” wrestled with. “W. W.” w r as already Pres
ident of a great National Bank, oldest in the State, with
several branches, in the thriving City of Greenville, a great
center conspicuously standing out as the center of the most’
industrialized region in South Carolina.
With such transcedent achievement in Greenville, now
at full fruition, W. W. McEachern could not be pried loose
from Greenville. Incidentally it is as difficult to move a man
from Greenville as it would be to move my great friend Mr.
Mitchell from Charleston.
So “B. M.”, with all the resourcefulness of an expert fish
erman, worked out a plan: he would work out a consolidation
that would bring The First National of .Greenville into the
great brotherhood of South Carolina National and W. W.
with it as President. And so it was accomplished.
Now, do you know W. W. McEachern? I’ll tell you about
him. He is a robustly handsome man, vigorous, friendly, a
quick thinker, decisive but not abrupt or precipitate. Rather
quiet and retiring yet vigorously purposeful, a careful
planner and resourceful in execution.
Strangely enough “B. M.” and “W. W.” were born in North
Carolina, both farm boys who have risen by their own ability
and unwavering avplication of their aptitudes, making op
portunities for themselves. “B. M.” came to South Carolina
and after years in the Pee Dee became connected with The
South Carolina National Bank. And he piloted it through its
most difficult experience.
W. W. had a long and various association as a lad in Georgia
and more fully as a young banker in Florida.
When one hears the accounts of W. W. McEachern in
Florida he sees in W. W. the same success story as has
thrilled us all the years. There he w’as the lad in humble
position but seizing opportunities, as well as creating them,
he rose time after time because he had faith, vision, courage
and indomitable resolution. During his time in Florida he
was a notable success in Jacksonville, St. Petersburg, Fort
Lauderdale and elsewhere and then decided to retire. It is
said that he caught almost every kind and condition of fish,
though nothing has been said about sharks and whales. I
take it on myself to suggest that he has come in to close con
tact with some whales and many sharks but they were un
land.
W. W. was too energetic to while away his youth and en
terprise travelling and fishing, so he explored the banking
field so as to renew his career in banking. He went to Vir-'
ginia. What better place could anyone adopt as his home?
Quite naturally anyone whose ambitious spirit led him
from North Carolina ;o Georgia, then to Florida, and from
there to Virginia woi id never be saisfied with less than
the best. Mark you, ...ter those States, emphasizinz Vir-
gina, there was but <. e step higher: he took that step;
he came to South Caro. a. I do not know whether he had
heard that the Garden ^ Eden had been near Charleston or
that Moses received th^ t ^mmandments on Paris Mountain,
but W. W. knew that h. as taking the supreme step in his
life of varied and rich enture by coming to Greenville,
the wondrous hub of tnc piedmont, but so quickly has he
become part and parcel o/ South Carolina that now he takes
in all the State, for The S .th Carolina National Bank starts
at Charleston and goes ly to Seneca, and spreads in all di
rections so that with its thirty two banks it is everywhere.
It isn’t usual to write su much about a banker, is it? If a
successful man in high political position comes among us
we fill time and space telling about him, even regaling the
public with his taste in food and dress, as well as his whims,
foibles and fancies, his eccentricities and his pre-possessions.
If a renowned baseball artist, a Ty Cobb or a Christy
Mathewson, a Walter Johnson or the blazing new fireballer,
Score, were to drop in for just a few hours, all the radios,
TV’s and newspapers would be full of his exploits on the dia
mond. But now we have a man who w r ill have more to do
with the prosperity of South Carolina than all the ball play
ers and orators we might entertain.
W. W. McEachern takes the helm of twirty two banks
with resources far exceeding two hundred million dollars.
Every industry that we may try to bring here will want
to know about the banking facilities. The newly consoli
dated banking group now has a much greater ability to serve
all our needs than it ever had before. And now B. M. Ed
wards and his directors who have served this State so well
have a pre-eminently capable man to cope with the great op
portunities to develop our State, from now on.
We have abundant water, splendid workers, a fine native
population, a sympathetic and cooperative State government
from the Governor down and certainly including our Gen
eral Assembly and our State Boards and Commissions. That
is equally true of our municipal authorities, as well as our
County officials.
We have abundant power also and we have two hundred
million dollars invested in our own South Carolina Electric
and Gas Co., guided by a man of great vision and practical
ity—S. C. McMeekin.
So I tell our people that the great bank of our fathers,
beginning in Charleston, when the businessmen of South
Carolina subscribed $89,400,000 for the capital stock of $2,-
CROSSW^^'' oM-r-rig
ACROSS
1 Quickness
S Secluded
valley
10 Doctrines
14 Part of
church
15 Rockfish
16 Kind of tide
17 Lasso
18 Kiln
19 Weathercock
20 Elongated
flsh
21 Mineral
springs
23 Joined
25 To cut, after
snick
27 Consumed
28 Rodent
29 Front of an
army
31 ReUes
35 Bird
38 Pronoun
40 Silkworm
41 Vigilant
42 Operated
43 Deserve
45 Race of
lettuce
46 Gratuities
47 Henhouses
48 Cooking
vessels
61 Scotch for
own
52 Sebaceous
cyst
63 Worm
55 Command to
cat
59 In a back
ward state
62 Narrow
board
64 Beverage
65 Goddess of
discord
66 Russian
hemp
68 Milwaukee
ballplayer
70 Loose ravel-
lings
71 Arrow
poison
72 Quoted
73 Allows
74 Mislayed
75 Long lock
of hair
DOWN
1 Rabbits
2 Foreigner
3 Not fresh
4 Make lace
edging
5 Period of
time (pi.)
6 Old English
coin
7 To rent
8 Abstract
being
9 Essential
character of
something
(pi.)
10 To bid
11 Chair
12 Horse’s
neck hair
13 Went fast
22 Woodland
deity
24 Short sleep
26 At all times
30 Emmet
31 Noises
32 Former
Roman
Emperor
33 Fall in
drops
34 Occupies a
seat
35 Engine of
torture
36 Medicinal
plant
37 Part of suit
38 ....Speaker,
famous
outfielder
39 Chance
43 1101 (Rom.
num.)
44 Vast age
(pl.)
46 Climbing
organ of
plant
49 Shies
60 Man’s
nickname
61 A king of
Judah
53 Anglo-
Saxon slaves
54 Showers rain
and snow
56 Fencing
position
57 Succulent
g iant (pl.)
ares tor
59 To blossom
60 Great Lake
61 Suggestion
63 Sensitive
mental
perception
67 Wife of
Athamas
69 Atmosphere
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E I R
A Y
Answer te Puzzle No. 452
TELL US VOUR
PROBLERI
AMO LIT US PISS IT OH TO HCLP OTHERS IN SOLVING THEIRS.
BY JOHN and JANE STRICKLAND
M RS. CARTER CHANEY, Pasa
dena, California, faced a prob
lem easily recognizable by those
who have to deal with that large
body of people who have not yet
attained adult understanding.
To their young daughter, Mary,
nothing her parents did was right
She felt perfectly capable of mak
ing her own decisions, and she
so advised them one evening when
matters had “come to a pretty
pass.”
Said her mother, “Well, I sup
pose the time has come when
you don't need us.”
Stunned but delighted, Mary re
tired to her room to enjoy her
triumph. The high school was a
couple of miles from her home
and her mother usually drove
her there in the morning, and in
bad weather called for her, but
the next morning when Mary ap
peared at breakfast, she found
that her mother had not come
downstairs. She dawled over her
food until her mother appeared.
“I’m ready. Mother,” she an
nounced, as her mother started
eating.
“Busy today Mary; better take
the bus,” her mother replied in
differently.
“I’ve missed the bus that would
have got me there on time.”
“Too bad.”
A rainy afternoon and Mary
came home in damp clothes and
spirits—and found her bed un
made.
On Sunday the gang came over
for a snack, i.e., the delectable
dishes Mrs. Chaney always had
ready for them. Nothing was pre
pared; the pantry disclosed mea
ger pickings. But they made out!
The next morning Mary remind
ed her mother of an overdue
school contribution. Said her moth
er, “Oh, I haven’t any change.”
“What’ll I do?”
“I don’t know. I'm sure you
can solve it some way.”-So Mary
took the amount from her allow
ance which was not intended to
cover such extras.
A party on for Friday, Mary
found that her dress which had
to be altered would be done by
herself. A lot of work to sand
wich in between her homework.
But she did it!
Next she faced entertaining her
class, the money for which her
parents always supplied. Three
days of moping, then in a burst of
tears:
“Mother, I can’t get along with
out you.”
From the Italy News Herald,
Italy, Texas: For a number of
years we have contended that
millions of Americans now pay
ing social security taxes would
never collect on it. We base our
reasoning on the fact that funds
being collected each pay day are
being invested in government se
curities which have no way of be
ing paid off except by continued
borrowing and current tax col
lections. The same argument is
valid against the purchase of
government bonds. They are non
productive.
According to a story we picked
up on a financial page a few days
ago, the day of the great debacle
may not be as far away as many
people have thought. According to
this story, the current tight money
policy of the government is caus
ing difficulty in the sale of govern
ment securities. It has been the
practice to issue new bonds for
those maturing, but now the bond
buying public is demanding cash
for matured bonds. This money is
then being invested in commerical
channels that afford a greater
rate of interest.
• • •
From The Lincoln Times, Lin
coln ton, North Carolina: In the
course of 14 roll-call votes in one
day, the House of Representatives
voted a number of relatively
trifling cuts in the budget—while
a House Education subcommittee
voted six to one in favor of a
five-year two billion dollar Fed
eral aid program to help build
schools!
Pres. Eisenhower, whose four-
year, 1.3 billion Federal school
building effort failed last year, re
minded his press conference the
day before that he had said he
would try again this year. He re
iterated his behalf that tt we got
way behind in schools,” and that
the Federal Government ought to
help even though It “has not any
proper role in the operation and in
the general maintenance of our
public school system.” He said he
felt the thing to do was to “get
these buildings built, and then turn
the whole thing back to the states,
and have nothing more to do with
it.’’
But perhaps the President
doesn’t realize how that class
room shortage has shrunk since
his aides began measuring it.*
HEW’s first secretary, Mrs. Oveta
Hobby, gave three different figures
in 1954 and 1955, all Aipwards of
300,000, and in March 1955 revised
the shortage estimate for the year
1959-60 from 407,000 to 176,000.
This year Secretary Marion B.
Folsom put the figure at 159,000
—which has been widely chal
lenged.
000,000, is now truly a Statewide institution ready to serve
all South Carolina, as was the dream and purpose of those
great men who built a bank to promote the business of
South Carolina when President Andrew Jackson shut the
door in their faces.
THURSDAY, JUNE 27, 1957
ARKANSAS MARSHMALLOW
By Allen Wishert
B OB ANDREWS, former inhabi
tant of Calico Rock, Arkansas,
now permanently located in the
Pan-Handle country, had earned
for himself the unique sobriquet;
“Arkansas Marshmallow.’’
Bob was a new hand on the out
fit and his initiation was coming
up, the one the circle-S had
adopted the day That Haygood was
hired as foreman.
The spread was the possessor
of a rangy, roan semi-wild prairie
mustang that not one waddie on
the Western Plains had ever
spurred the second time. Devils
Postpile, the title a California
citizen who had visited the Nation
al Monument, tacked onto the
Texas Tornado just after his first
set-to with the mare.
The day Thad Haygood joined
the outfit. Devils Postpile was the
topic of conversation.
“Say, Thad,” Jerry Ketchum
was speaking. “You bein’ from
up Dakota way, reckon you’ve
done some fancy ridin’.”
“Can’t say as to the fancy,”
replied Thad. “But I’ve done my
share.”
“Ever been throwed?”
“Once, and that couldn’t be
laid to my door. The boys got
careless, let the man-killer break
before I got both feet in the stir
rups.”
“Jerry, I’ve never won any
medals for bronc-bustin’, but
I’m willing to put on a show for
the boys.’’
Devils Postpile was snubbed
and blind-folded, a saddle eased
onto her back, Thad eased off the
top rail into the saddle. The boys
allowed him plenty time to get
set, then swished the rope and
blindef off. Postpile stood sprad-
dle-legged for the tenth part of
a second, then she plunged, no
sun-fish had ever thought of the
twist she executed. Thad gathered
himself from the dirt and made
a flying leap for the corral rail
ing, he won by half a length. Post
pile stood below expressing her
opinion by snorting and pawing.
- Bob Andrews, two Weeks ago,
rode up to the bunk-house and
asked the whereabouts of the
foreman. After contact and much
palaver he was hired on condi
tion that he mount and remain in
the saddle attached to the hurri
cane deck of Devils Fostpffe f° r
three solid minutes.
“Gimme a look-see at the crit
ter,” said Bob.
“She’s in yonder corral,” re
plied Brad. “Give a look then de
cide.’’
The next morning, for some un
accountable reason. Bob was miss
ing. No one worried, only won
dered, and was sure they had the
correct answer.
Sundown and Bob arrived at
the ranch simultaneously. He ex
plained that an urgent errand had
“Tooken” him to Amarillo. He
was clutching a paper bag.
Every spare moment Bob was
perched on the top rail of the cor
ral wherein his opponent rambled.
The eventful day arrived, ar
rangements completed. Bob
cupped his hand, placed it against
Postpiles nozzle. Postpile champed
at the bit. Bob slid into the sad
dle, breaths were abated. Post
pile snorted, swung her head
around almost touching Bob’s
knee, again the cupped hand cov
ered her nozzle, again she
champed at the bit. Then trotted
around the corral as gracefully
as a circus pony.
Ten minutes later Bob removed
the saddle, hung it on a top rail
while Postpile rubbed her head
affectionately along Bob’s spine.
A miracle had happened, they
clamored for an explanation, and
Bob obliged;
“Had a gal once, she had more
fire and brimstone than a wild
horse could pack. Folks Towed
she couldn’t be tamed. I fed her
marshmallows a couple of weeks.
Afterwards, she followed me
around like Mary’s Little Lamb."
“Needed: a New Foreign Aid
Policy.”
This is the opinion of the Com
mittee for Economic Development,
a non-partisan, non-political, ob
jective organization composed of
150 leading businessmen and edu
cators of the nation. As a matter
of fact it is the opinion of the CED
Research and Policy Committee,
and not necessarily agreed to by
all the CED membership. The Re
search and Policy Committee is
composed of 39 members, headed
by Frazar B. Wilde, President
Connecticut General Life Insur
ance Company, as qbairman.
The sub-Committee on Interna
tional Economic Policy, composed
of 13 members headed by Howard
C. Petersen, President Fidelity-
Philadelphia Trust Company de
clares that a fundamental reas
sessment of the United States
Foreign economic aid is urgently
needed to shift our economic aid
to the needs of more than a bil
lion people living in grinding pov
erty in 75 countries of the world.
These countries span most of
Asia, the Middle East, Africa and
Latin America.
Our foreign policy in the past
has been aimed at the direct re
lief of distress in war-damaged
areas; the rehabilitation of Eu
rope under the Marshall Plan, and
the military strengthening of our
allies in Europe, the Middle East
and Asia.
Of the 57 billion dollars of
foreign aid in the 11 years since
mid-1945 these under-developed
nations have received only ap
proximately $3.8 billions. CED be
lieves that our economic aid should
be shifted to this under-developed
world for their economic growth
for three reasons:
1— It is vital to our national se
curity that these nations should
be stable, peaceful and independ
ent—not necessarily allies, and
certainly not “satellites”, but in
dependent. Deeply resented pov
erty and a frustrated desire to
progress are not conditions in
which stability, peace and inde
pendence can be expected to grow.
2— Economic growth in areas
comprising half the globe and
where over a billion people live
could not fail to enrich world
trade and investment opportuni
ties—including our own.
3— As individuals and as a na
tion we have a traditional humani
tarian concern with the well-being
of people everywhere.
CED would prefer to see private
investment become the major in
strument for development of these
countries, however, “It is not
realistic to expect that private
capital can meet the needs of these
countries until their development
has proceeded beyond the present
stage. Basic, but non-revenue pro
ducing facilities such as roads,
harbors, irrigation—are not suf
ficiently attractvie for private in
vestors. Once these facilities ar«
created, private investment can
play an important and perhaps a
major role in developing mam*
facturing, extractive industries,
trade and similar productive enter
prises.”
This ai^ That
Pee Wee Reese of the Brooklyn
Dodgers had only two seasons in
the minor leagues before joining
the Dodgers. Both seasons were
with the Louisville Colonels, his
home town, where he hit .277 in
1938 and .279 in 1939 . . . Five
cage powers will be newcomers
to the schedule for the University
of Kentucky during the 1957-58
basketball season. They are Ohio
State, Utah State, North Carolina,
West Virginia and Minnesota . . .
Officials of the Suffolk County
(JSngland) Amateur Athletic Asso
ciation measured the running
track at Ipswich and found it was
two yards shorter than they
thought. The A.A.A. then an
nounced that five records set
earlier at the track would be dis
regarded . . . With all of the
brawls that have taken place
during the present baseball
it appears that there may be
something more than base-hit
skill involved when sportswriters
talk about a player's •‘slugging”
ability . . . The Amateur Swim
ming Association of Victoria has
asked the Amateur Swimming
Union of Australia to investigate
allegations fltat top stars have
been taking stimulants.
OPEN CHAMP . . . Dick Mayer,
34, St. Petersburg, Fla., pro,
sewed a 72 to beat Dr. Cary
Mlddlecoff by 7 strokes in play
off after they tied at 282 In Na
tional Open at Toledo. Title was
worth $7,200.
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