The county record. [volume] (Kingstree, S.C.) 1885-1975, June 29, 1922, Image 8
THIRTY MILLIONS; I
THIRTY MINUTES
STORY OF THE LARGEST LOAN
IN THE SHORTEST TIME
ON RECORD.
I
Thirty million dollars in thirty minutes
is the world record established
by the directors cf the largest cooperative
marketing association of America,
who met with Eugene Meyer, Jr.,
and officials of the War Finance Corporation
in Washington, D. C., last
wei ?.
? he committee of directors from
the Tobacco Growers' Cooperative Assor
ation secured approval of the loan 1
foi the 75,000 tobacco farmers of I
Virginia, North Carolina anu soutn,
Carolina, which now assures the sue-!
cess of their association beyend a j
doubt.
Officers of the War Finance Corporation
were so* familiar with the
management of the association, and
so confident of its success that they i
took only thirty minutes to signify j
approval of the greatest loan ever.
made to organized farmers, in the'
history of the United States.
In addition to the loan of $30,000,000
which will enable the big tobacco
cooperative to pay its members j
cash advances upon delivery of their i
tobacco, the War Finance Corporation
further agrees to re-discount loans
secured by green or soft order tobacco
for local banks throughout the
Virginia-Carolina tobacco belt.
The loan of the War Finance Corporation
is to be secured by more
than 350,000,000 pounds of its members;'
tobacco now under five years
contract with the Tobacco Growers'
Cooperative Association, which represents
a value of over $70,000,000 in
the first year of operation, according
to conservative estimates.
Among the officials of the Tobacco
Growers' Cooperative Association wh?
met with Eugene Meyer, Jr., director
of the War Finance Corporation were
George A. Norwood, president, banker
and planter of Goldsborc, N. C.;
Oliver J. Sands, general manager of
the association and president of the
American National Bank of Richmond,
Va.; James H. Craig, treasurer of the
association; Richard R. Patterson,
general manager of the Leaf Depart -
ment, formerly manager of the Leaf
Department of the American Tobacco
Company; C. B. Cheatman and F.
G. Williams of the Leaf Department
and M. 0. Wilson, secretary of the
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i| I AFFIDAVIT FR(
?, | The affiant, W. T. St
4 ? j? is a member of the Bu
] * a Cooperative Association
t > ? tobacco raiser for more
that he believes that t
3C " by this Association is
41 i tobacco that he has e\
*4 J the only time the farr
f > to do with selling his
r> i already received 3 ce
J first two payment an
1 organization is th gi
4 - i farmer that has ever b
I J heartily approves of tl
<' * workings.
< Subscribed and swo
#? 5th day of June, 1922.
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I; YOUR ASSOCIi
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Board of Directors, which consists of'
22 tobacco planters from Virginia,
North Carolina anu South Carolina, j
and three directors named by the
governors of those states.
Following the. example of the Bur- j
ley Tobacco Growers' Association of
Kentucky, which after securing a
similar credit from the War Finance
Corporation was enabled to gain all;
necessary funds from state anu local J
banks, and to repay their 90 day loans ;
of $6,000,000 within 40 days. Ofli
cials of the Virginia-Carolina association
are confident of obtaining the
support of state and local bankers for j
whom the offer of the War Finance
Corporation opens a new field of profitable
cooperation with tobacco farmers
throughout the belt.
For the organized tobacco growers.
and the thousands of farmers from!
three states who are joining the as-!
sedation every month, the action of
the War Finance Corporation assures
the safe and orderly marketing of tobacco
which resulted in largely increased
profits and a new source of
credit for Kentucky farmers whose
organization has now sold 70,000,000 ;
pounds of tobacco for highly satis- j
factory prices, during one month re-;
ceiving an average of 29 cents a pound
for tobacco sold through the associa- j
tion, while that sold outside the as-;
sociation brought less than 21 cents i
per pound upon the auction ware-1
house floors.
Close to 80 per cent, of the tobacco
farmers of Virginia have joined
the marketing association, and North
Carolina growers are neanng 75 per
cent, sign-up following the recent
state-wide campaign for members.
A whirlwind campaign among tobacco
farmers of South Carolina was
begun Monday, June 26th and
will continue until every one of the
38 cooperative marketing points of
the South Carolina belt has been
reached with a mass meeting.
Leaders of the movement from
Kentucky, Virginia and North Carolina
will join this campaign which j
will mark the last opportunity fori
South Carolina farmers to market
this year's crop with the giant cooperative.
^ The Tobacco Growers' Cooperative
Association has now secured 206
warehouses where it will receive tobacco
from its members as the markets
open in three states.
Are you advertising your goods to
the public? If not, try a Record
advertisement and see the result.
? ?
666 cures Malarial Fever.
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lYill Mai
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III Kentucky"
ibastian, states that he
irley Tobacco Growers I
; that he has been a It
than forty years, and
he plan of marketing
the best way to sell
,-er known; that it is
ner has had anything
tobacco; that he has it <
nts per pound on his
id he thinks that the p
reatest thing for the
een suggested, and he
le Association and its
W. T. SEBASTIAN.
rn to before me, this Th
HYL WALTER, |
iarrard County, Ky. t
)ires Jan. 4, 1926. F
VTION IS THE BIGGE
"WAIT A]
SIGh
TOBACCO
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READER TAKES NEWER
FORM OF IRON?FEELS
YEARS YOUNGER. 1
"Six week? ago I saw a special offer t
in the paper telling how thousands of f
people grow old in looks and energy 1
long before they are really old in
years, because, as examinations by
physicians have shown, an enormous (
number of people do not have enough t
iron in their blood. I have been tak- J
ing Nuxated Iron for two weeks: the *
results are simply astounding. The
roses have come back in my lips and
cheeks, and I can conscientiously say
that I fell ten years younger."
The above is a typical hypothetical
case showing the results that have
teen achieved by a great many peo
pie since we started this "satisfaction 1
or money back" offer on Nuxated
Iron. We will make you the same (
guarantee. If, after taking two j
week's treatment of Nuxated Iron, <
you do not feel and look years youn- (
ger, we will promptly refund your
money.
Call at once for a bottle of Nuxated (
Iron at <
BROCKINGTON'S DRUG STORE. 1
]
Subscribe for the Record now.
666 cures Bilious Fever.
?" <
THE CONFEDERATE COLLEGE, 1
No. 62 Broad Street, Charleston, S. C. 1
A Boarding and Day School for
Girls. Begins its session September
26, 1922. Historic Institution situated
in a healthey location?Advantages
of city life, with large college
yard for outdoor sports. A well planned
course of studies in a homelike
atmosphere. A business course open
to Seniors and elective courses to
Juniors and Seniors.
' A Domestic Science course open to
Seniors, giving practical and theoretic
knowledge of cooking. 1
A Sewing Course for Seniors and 3
Juniors. A well equipped Library j
Primary Department for day pupils. <
For catalogue and further informa-!
tion apply to the college.
6-22-13L
i
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1785 1922 '
COLLEGE OF CHARLESTON. !
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Four-year courses lead to the A. B. '
and B. S. degrees. A three-year
course leads to the degree of B. S.
with Medicine. The two-year pre-;
medical course is a special feature. '
A course in Commerce and Business ;1
Administration of superior excellence;
will be introduced in the fall Open!
to men and women. '
Expenses moderate. For terms, |
catalogue, and illustrated folder, ad- <
dress ; 1
HARRISON RANDOLPH, !
16-ZU-Ztp. rresiaeni.;
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ke the "j
Vill Be S
BECA
costs less to handle tobac
keting.
costs less to sell tobacco ui
yers can pay more for gre
tion" tobacco.
e members of the Tobaccc
sociation get the benefit
prices for their tobacco.
ST ONE IN THE UNIT]
ANY OTHER COMPA
\rn <sRF" MKA
{ NOW?BEE
' GROWERS COC
75,000 M
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CANDIDATES FOR CONGRESS.
To the Democratic Voters of the Sixth
Congressional District:
I hereby announce myself a candilate
for Congress from the Sixth Congressional
District, subject to the
ules of the Democratic party.
J. F. PATE.
I hereby announce myself a candilate
for reelection to congress from
:he sixth congressional district subject
to the rules of the Democratic
jrimary.
PHILIP H. STOLL.
W. R. 3ARRINGER
Florence, S. C.
CANDIDATE FOR
CONGRESS
6TH DISTRICT
FOR SOLICITOR, THIRD CIRCUIT.
I hereby announce myself a candidate
for re-election to the office of
Solicitor for the third judicial circuit
jf South Carolina, subject to the rules
)f the Democratic primary.
FRANK A. McLEOD.
I hereby announce myself a candiiate
for solicitor for the third judical
circuit of South Carolina, subject
to the rules of the Democratic primary.
JNO. G. DINKINS.
FOR STATE SENATOR.
I hereby announce myself a candidate
for the South Carolina Senate
from Williamsburg county, subject to
the rules of the Democratic primary.
S. A. GRAHAM.
I am a candidate for the State Senate,
subject to the rules and the regulations
of the Democratic primary.
I believe that I can render real
service to the County and State in the
matters of taxation and of education.
WM. W. BODDIE.
FOR THE LEGISLATURE.
I hereby announce my candidacy
for the House of Representatives
from Williamsburg county, and promise
to abide the result of the Democratic
primary election.
J. L. THOMAS.
In response to the urgent appeals
of a number of my friends throughout
the county I hereby announce myself
a candidate for the House of
Representatives, subject to the rules
of the Democratic primary.
WILLIAM R. SCOTT.
I hereby announce myself a candidate
for the legislature, subject to
the rules of the Democratic Drimary.
JAMES P. ADAMS.
To the Voters of Williamsburg county:
I hereby announce myself a candidate
for the legislature, subject to
the rules of the Democratic primary.
I respectfully solicit your support.
H. D. FERRELL.
ait a
\uction'
Jorry Yc
USE-co
under cooperative mi
tder cooperative marketii
ided tobacco than for "ai
> Growers' Cooperative i
of all savings in increas
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OPERATIVE ASS*
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FOR MAGISTRATE?KINGSTREE.
Id
I hereby announce myself a candi- ft
date for the office of magistrate at
King?trpe. subject to the rules of the Democratic
prima; v.
CLARENCE ALSBROOK. B
?
I hereby announce myself a candi- ?j
date for reappointment to the office
of magistrate at Kingstree, subject i
to the rules of the Democratic pri- jg
mary.
J. B. GAMBLE. ?
I
I hereby announce myself a candi- |
date for magistrate at Kingstree, sub- i
ject to the rules of the Democratic ?
primary. (
L. S. DENNIS. m
I
FOR MAGISTRATE?LANES. 1
|
I hereby announce myself a candi- 1
date for the office of Magistrate at |
Lanes, subject to the rules and regu- g
lations of the Democratic party.
p. W. J. MIXON.
FOR MAGISTRATE?HEBRON.
I hereby announce myself a candidate
for reappointment to the office
of magistrate at Hebron, subject to
rules of the Democratic primary.
J. W. STEWART.
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Rub-My-Tism, an antiseptic.
i The Bras
For ]
The Braxi
/
comfort feat
freedom of m
fort and style
McGilJ I
Store ]
Kingstree,
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$30,00
THE WAR FINANC
HAS APPROVED A LO^
LION DOLLARS TO TH
1 g. ERS COOPERATIVE Af
USED TO MAKE AD1
51
W- TO THE TOBACCO GR
CAROLINA, NORTH CA
GINIA, WHO ARE OR
^S" TECT THEMSELVES A
led AND CHILDREN.
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L HANDLE MORE TO]
ND LOSE!
X3SE!
iClATION
When you need printed matter, any
hd, The Record is the place to have
done.
I 1 m ? ^
Brick
are Advancing
Due to the Coal Strike
_
Buy Now!
Shipments Within 48
Hours After Accept- ?
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LAYTON BRICK WORKS I
Established 1885 "
MARION, . . . . S. C. S^J
5-ll-tf I T
ton Belt la
Men I
ton, with its *
| M .
are, insures
uscles, com.
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-A
brothers
For Men
South Carolina
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0,000. i! j
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LN OF THIRTY MIL- j1 Jfl
E TOBACCO GROW- ! , 1
5SOCIATION TO BE JI ?
fANCE PAYMENTS ?1
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lROLINA AND VIR- 5 :
GANIZED TO PRO- < >
LND THEIR WIVES i
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