The sun. [volume] (Newberry, S.C.) 1937-1972, July 07, 1960, Image 2
PAGE TWO
THE NEWBERRY SUN, NEWBERRY, SOUTH CAROUNA
THURSDAY, JULY 7,
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NIWBBERT. 8. C.
PUBLISHED EVERY THURSDAY
O. F. Armfield, Jr. f Owner
Second-Class postage paid at Newberry, South
Carolina.
SUBSCRIPTION RATES: *2.00 per year in ad-
vance; six months, *1.25.
Breedin Talks
Of S. C. Men
Of Renown
By J. K. BREEDIN
Your president delicately hint
ed that an inspiring talk might
appropriately ei*; .hie this occa
sion. As a former teacher of his
tory I have drawn lessons from
the illustrous figures of antiqu
ity for that is a safe course. But
S# you embark on the voyage of
a career in business I think I may
tell you for your guidance and in
spiration not of the great giants
of industry of the Nation of gen
erations ago, but of men of ach
ievement in South Carolina whose
friendship has honored me. Three
have passed on within recent
yean; five are with us in active
participation in the work of the
world. Two were industrialists o£
surpassing accomplishment: Jas.
C. Self and William H. Regnery;
two are preeminent in affairs of
government; two are bankers of
broad connections in other fields;
one is a commanding figure in our
industrial development as a fore
most constructive leader in the
field of electricity, natural gas
and atomic power; one was an
amazing person who labored
splendidly in our highly competi
tive world though hampered by
blindness.
Others have told of our illus
trous leader; in war and in the
vexing days of national turmoil
and confusion; I find vast stimu
lation in the notable service to
State in peaceful pursuits.
All of these men started hum
bly and built careers that may
richly reward your emulation.
One reason that occurs to me
is that America is still the land
of opportunity even though we
have enough hair-brained, pseudo
economists in public life to rocH>
the Ship of State and even wreck
it on the shoals of fantasy.
Thousands of great positions
wi\l call for new leaders within
the next generation, as Ithe lead
ers of today and tomorrow pass
i.ito retirement. That is a vast
field of opportunity to guide yotrr
planning.
You may recall the words of
Longfellow:
Lives of great men all remind us
We can make our lives sublime
And, departing, leave behind us
Footprints on the sands of time.
If you will study the eight gen
tlemen I present for your inspira
tion you will find certain qualities
in each one—attention to detail;
steady and steadfast devotion;
loyalty; ambition and aspiration
with unwavering application to
the job in hand,,while cherishing a
vision of the opportunities ahead.
All of these gentlemen have iden
tified themselves broadly and
helpfully with their fellowmen.
They worked. I quote Longfel
low again:
“The heights by great men reach
ed and kept
Were not attained by sudden
flight. ; ’
But they, while their companions
slept,
Were toiling upward through the
night.” ^
Look to the future; have vision,
but don’t be merely visionary, an
idle dreamer; concentrate on doing
each day’s work well; not just
passably: do it well, learn the
business and grow with it.
No one can measure your cap
abilities; you yourself do not
know the power of your own po
tential; work will develop you
beyond your dreams. As the tu
tors say: “YOU LEARN BY DO
ING.” Don’t be afraid of the
job; once you absorb the atmos
phere it will be like the sun break
ing through the morning mist.
Within you is the incalculable
possibility of a marvelous brain:
use it. Some men mature early,
others find themselves later.
“Stonewall” Jackson was an or
dinary plodder at West Point and
afterwards, but the roar and the
flash of the guns, the tumult of
battle, awakened the genius
which is still recognized by all
military men. William Pitt and
Napoleon were brilliant early;
George Washington, the incompar
able man of wisdom, flowered lat
6T.
WILLIAM H. REGNERY whose
childhood and youth I’m told were
spent in Illinois and Iowa made of
himself an industrialist and phil
anthropist whose benyfa c t i o n s
were on a national scale.
One of the quietest and most
unaBwmning mot he was a man
of vision whose practical dedicat
ion enriched the spirits of thous
ands of people.
Mr. Regnery*s success in the
world of industry and commerce is
eloquently established in Chicago
and in South Carolina, but com
paratively few knew him as a
militant apostle of freedom and
democracy.
Mr. Regnery was one of the
gentlest and most gracious men I
have ever known, but in that mod
est manner he pursued relentless
ly a career .phai^icterized fay. deep
understanding of ..men and perva
sive sympathy jfor alt .who work.
5 PW Wlpet*6*ShI,-fae *«S-
and still ia—a great stipiulating
force, an abiding inspiration. He
sought no favors, no public: ac
claim, but he found durable satis-
factoins in his program and pur
pose to lighten the burden o f
others and to maintain the funda
mental traditions of our Nation,
untarnished, immutable in the
full splendor of our heritage.
EDGAR A. BROWN, Mr. Brown
is known as the senator from Barn
well county and as a senator of
great influence. But we know
that the urbane and genial senator
began his career in Aiken county
in the Horse Creek valley. There,
as a boy, he worked in a cotton
mill.
As a boy and throughout his
life Mr. Brown read and studied,
earning the tribute of being one
of the best educated men in the
State, a tribute by President Mc-
Kissick, while at the head of the
University of South Carolina.
Young Edgar was a 'lad of am
bition, with a will to work; and
he studied stenography, winning
appointment as Court Reporter
in a contest with his own teacher
of stenography. V
In court and out of court he
learned the principles of our jur-
siprudence and this he coupled
with a wide range of reading and
an insatiable urge to forge ahead
in life. He is today a banker, law
yer, legislator, farmer and man
of other varied interests of mag
nitude and is recognized through
out the State as a dominant factor
in onr public life. In very truth,
a self-made man—a life trustee
of Clemson and a Doctor of Laws.
JOHN E. SWEARINGEN. This
man’s life should be an inspira
tion for, all men. Blind since his
youth he did not sit back and re
quire attention: He resolved to
prepare himself academically' in
competition with other students,
seeking no favor but standing on
his own feet. And he graduated
with first honor! And did he then
retire on hie laurels? No; he en
tered the huxiy-buriy of life and
served fourteen years at State
Superintendent of Education. He
asked no favors, but used his
splendid inntellect and his robust
character as a constructive in
fluence in South Carolina.
Mr. Swearingen was one of our
really extraordinary men.
SILAS C. McMEEKIN. In the
rocky and rugged land near Jen-
kinsville, Fairfield county, there
was a lad on the farm who dream
ed of becoming an engineer. He
dreamed of. planning and building
and operating machinery, not
railroad locomotives.
We have mechanical engineers,
construction engineers, electrical
engineers, mining engineers, and
other engineers.
When I was in the Andes moun
tains I met many mining engin
eers; they were looking for cop
per, silver and gold. Today we
have a master of electrical engi
neering.
Silas C. McMeekin purposed in
his heart that he would he a
builder.
Mr. McMeekin graduated from
Clemson college a student of en-
ginneering. He entered the field
of electric power and applied him
self with that diligence that
brings a man before kings, as
the Scripture tells us.
As a young man—he still is—
Mr. McMeekin climbed the ladder
of success both here and in Mis
souri until he was called to the
presidency of the S. C. Gas and
Electric company. In this position
manager, but his vision led him to
expansion, development, merger,
until he achieved a commanding
position among the leaders of in
dustry in the South.
Mr. McMeekin did not rest on
his laurels; he is always alert,
far-seeing and able to resolve his
visions into immediate practical
ity. So he persuaded his very able
and cooperative directors to en
gage in the sale of natural gas.
Even while that was still in its
early stages of development his
imagination encompassed the idea
of atomic power, nuclear fission—
and all that, still foreign to most
.of us as an every day factor in
practical living.
It was not a thing far away to
S. C. McMeekin: it was the next
step and in characteristic compre
hension he set out to include that,
too.
Today, many great power plants
and hundreds of miles of natural
gas mains attest the resourceful
manager who prepares far in ad
vance for every contingency, but
at Parr is being built what is
commonly called an Atomic Power
plant, a plant that may show" the
way to economic utilization of ur
anium and all its derivatives and
substitutes.
This vigorous man of pre-emi
nent achievement is the mature
mind and spirit of Jenkinsville
raised to Nth power, as they used
to say.
Mr. McMeekin is still the
thinker, student and planner and
the courtly gentleman,. always.
JAMES C. SELF. A little boy
of ten years in the sandhills of old
Edgefiled when the father,
country physician, passed away.
The future must have seemed un
promising.
Edgefield was the land of sol
diers and statesmen, msny preem
inent in our history. But EdgefieU
was not then and not now a cen
ter of industry, though still an
area of delightful people.
What did it offer? In the course
of time James 0. Self served as
clerk, bookkeeper, cashier. Then
he took a great adventurous turn
the regard him as the
greatest man ever born in South
Carolina, . ..
He was a master of detail but
was never lost in details. He had
vision and purpose.
Ohe>da^4 was sitting in the
Hanover ■ National Bank in New
York citjr with- several gentlemen
including the president and vice-
president. All the conversation
was about James C. Self.
Riding with Mr. Self one day
he pointed and said “See that?"
He was obst^viftg the smoke from
the gimftr. thaft or flue; just a
mere wisp of smoke. ‘Perfect com
bustion’ he said. JMe . ufcldri ifd tim
every detail. fr^
A. L. M. WIGGINS. An assid
uous Stqdent of facts and figures
a master, of. detail, yet a man of
comprehensive appreciation of all
STATEMENT OF CONDITION
The State Building & Loan
Newberry, South Carolina
As of June 30, 1960
ASSETS
762 FIRST MORTGAGE LOANS $3,050,059.73
Well secured loans on properties in
Newberry and vicinity being retired
in monthly payments. First mortgage
loans only, the unpaid balance of
which now average $4003. per loan.
SHARE LOANS 48,089.17
These loans are secured by Savings
and Investment Share Accounts of
the Association.
FEDERAL HOMELOANBANK
STOCK
Our membership in this Bank System
places at the disposal of this Associ
ation $1,480,000.00 of additional funds
desired.
OFFICE BUILDING
Less Depreciation
REAL ESTATE SOLD ON CONTRACT
MISCELLANEOUS ASSETS
This item consists of furniture and
fixtures owned by the Association,
and certain expenses prepaid.
OTHER SECURITIES
U. S. GOVERNMENT SECURITIES
CASH ON HAND & IN BANKS
Working balance providing ample
funds to cover all approved loan ap
plications as submitted and accepted.
55,500.00
40,384.17
3,956.30
17,418.88
250,625.00
200,787.50
310,722.98
$3,977,543.73
LIABILITIES
SAVINGS AND INVESTMENT
SHARE ACCOUNTS $3,793,404.43
Funds paid - into the Association for
savings and investments.
LOANS-IN-PROCESS
Undrawn balances on new building
loans, and -deposits for purchase of
Homes.
41,339.27
RESERVES AND UNDIVIDED
PROFITS
These reserves have been built up
through years of careful manage
ment. They insure the stability of
this institution and protect members
against all possible or contingent
losses.
OTHER LIABILITIES
Escrow funds.
141,859.66
940.37
*3,977,543.73
HOME LOANS
INSURED SAVINGS
Each Saving and Investment Share Account Innsnred up to *10,006.00 by The Federal Savings and Loan In
surance Corporation Washington, D. C.
Current Dividend Rate 4% Per Annum; Payable Semi-Annually
Funds received here for savings and investment on or before the ICfth of each month will receive earnings
from the first of that month.
OFFICERS AND DIRECTORS
R. B. BAKER, President
J. DAVE CALDWELL, Vice-President
PINCKNEY N. ABRAMS, Secretary-Treasurer
THOMAS H. POPE
% * * A : -
R. AUBREY..HARLEY
LOUIS C. FLOYD
v ‘ r
1- * *
Mr. McMeekin not only proved Jin the cotton textile industry,
himself an able and resourceful! If you would see his monument
go to his mill villages and look
around you. A banker told me
that Mr. Self was the richest man
Cole
of California
French maillot
Fashion fantastiqut...
crisp checks and fat
White buttons
promenade on this
sleek chic Chromspun
Lastex maillot. Plunging
V both fore and aft.
Inner bra,
naturellement. Vanilla
Bean or
Cole Black checks.
“Mam’selle,”
sizes 10-16
the economic factors.
L
i
In his young manhood he en
tered the service of the
Coker interests and his
application was recognised and
warded by rapid promotion
he became President of the
and General Mai iger of what wan
reputed to be the largest mercan
tile establishment in the* State.
During all that time Mr. Wig-'
gins wae actively identified with
many organizations of business.,
banking and general welfare. Mr,
Wiggins is the heir of
Hartaritte tradition of
vice as ; so well J exem
■' hr Mir.
arid Mr. J. J. Lawton.
Wiggins has
many activities both ia
and Nationally. ’
(Continued oa page S)
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NEWBERRY. S. C.
1515-1517 Main St