The watchman and southron. (Sumter, S.C.) 1881-1930, August 31, 1912, Image 7
MANY NEW BUILDINGS.
MoHl \NI> l.Uit.l ll BVILDINC.S
IM>KK WAY THAN UVKK
UKITJRK.
U Mb i hnr Han Been Little Said of
a Building Boom Sum tor la Now on
the Bigge?* lUnnrx In He History?
Building" In Procemi of Construc?
tion Represent an Investment
Trlble That of Any Prevou* Year.
It has been repeatedly stated during
the past summer by many persons in
the cl'.y that there is more building
going on here now than at any time
previously In their remembrance. It
will be of interest to a great many
who do not have the opportunity of
going About town a greal deal and
who ar? not acquainted with the ex?
tent of the buildings now In course
of construction to have all of the va?
rious places pointed out for them.
The buildings comprise churches,
stores, residences und various other
Struct nr. '
Temple Slnul. corner of Hamp?
ton and Church Streets, has
been remodelled throughout and is
now nearly completed. The beautiful
windows have no*, yet arrived, but
wilt be here In the near future, when
they will be Installed and the Jewish
Synagogue will be one of the most
beautiful houses of worship In the
city.
The work on the First Meth 'dlst
Church, recently named Trinity, Is
progresiing steadily. The church M
built or the site of the former build
in* opp ?Sit.? Church Street, facing on
Uberty street The new building is
very n. jch larger than the old one
and wilt be the largest church in the
city when completed. At present all
of the vails have been completed and
the wotkmen are engaged on the In?
side work and in completing the
work 01 the roof.
Manning, Rowland and Shore are
erectlaj; three stores on *Caldwell
Street, midway between Main und
Harvln Street. The work was com?
menced a short time ago and the
welle are not yet above the first story.
The st ucture Is of trick, as this Is
In the ttre limits, and will be two
stories high and will ht used for a
whole*ile house, ex pi ess othce and
other purposes, other brick st-.es,
two stories high, In course of construc?
tion are those on South Main street
between the poetofllce and the Hotel
???TTi#' Thtf .f the m\4.reg ur? oe
ing ju up by Mr. J K. Croesw II and
two ol ?h. 11 v thn Realty Holding
Company. The. have attractive
fr..r?, of red pr - ?-d hr?ck **ud a??u
much to UM appearance of this sec
1 1 (i of the town. Just across the
etreet the McCsllum Realty Com?
pany is erecting another two-story
store. It, like th?? oth rs, is of ample
slse and has sn attractive / front.
Coming back up Main Street and turn?
ing u( Uberty to the corner of Liberty
and Sumter Streets the estate of H.
Harb) Is hsvlng erected live hand?
some two-story store* These, like
(he ones on Main Street, have the
greater part of their walls up,
and will be completed In a u onth or
two from the present tlnu.
I mlng back down Sumter street
eft* * rning up l>uK"n. the Wither
*hoe Manufacturing Company
Ing a home for itself Ju.-t in
r of the building on the cor
M tin and Ihigan streets. This
has been commenced and the
as not as yet progressed far.
iext place of building?bulld
rarded by many as of more
nee than an> of th* others,?
two hotel* The work (?II ,he
? nt. corner of Main and llart
??? t*. h.is i<i\,\seed M Inf up
third SJlOf] and is now going
1 some rapidity. The stone
k front, ?0 far as can be seen
-nt |m attractive and shows
? building will be one of which
n may well eg proud. The
I has not ?sfvaaeed ??*<> f.ir to
? riipb-ti >n as has the Clare
lho walls have 1 ? ? n erected
as the seco.id story, but ap
t.-l\ none ..: the ot her w >i k
t done. The Imperial 1? on
.* tre.-t opposlt? the Atlantic
ne station.
K back up .Main street tie
stops at the ? tiht of
I Liberty . freets. where Sum
? n? w bank buildings are be
ed. th. one of the east and
?est of Main StreJsi
f Liberty street.
nl*? the most int. r
est thing in build
the greatest nnia
M tators m o be seen Pdter
id watching the iron beams
In place. The ?teal frame
the building mm holt up i ?<
the third story has been put In pi o s,
and will m>M have to be taken on up
to the next Mights
Across) the str. ? t ibe Ciuk of Sum
t? r batnflng Is progressing with steadi?
ness. The buildiriii has been built lip
t?i. tirst Mt..? it is of gray
?miNt"ii> and Is ?i b?-w kind 0|
building for the bjvdne** section of
th*- elty. It Is a hnrdsonie strm ti.i ?
FOREIGN FARMERS' BANKS.
ifXMDMFCL co.ofkkativi:
HANKS OF BKLGIl'M.
_k?
T1r? K11 nil Credit System Has Proven
of Great Benefit to Farmers und
Has Brought Independent'*' und
Pio?|>crlty.
Washington. Aug. 2.">.?Minister
Lars Anderson has completed the in?
vestigation of the co-operative syst* mi
of Belgium which he undertook in
connection with President Tuft's at?
tempt to establish cooperative credit
In thl9 country for tho benefit of the
American firmer.
The first attempt made in Belgium
to relieve the farmers from the bur?
den of high Interest rates was essen?
tially a governmental undertaking. It
Is Interesting to note, however, that
the co-operative idea as developed in
Germany was later adopted In Bel
glum and has largely supplanted the
plan adopted by the Belgian Govern?
ment, at lesat so far as the smaller
landowners are concerned.
By law. In 1884, the General Sav?
ings Bank was authorized to make
loans to farmers and to societies of
farmers. As a guaranty for these
loans small corporate bodies were
formed, known as "comptolrs agri
coles," which guaranteed the loans
to the General Savings Bank and for
this service received a small com?
mission. As the plan worked out,
these guarantors found it both more
profitable and safer to act as sureties
for the larger landowners. The small?
er farmers could not offer as good se?
curity and the commission paid to
the "Comptolrs agrlc les" on such a
loan as was required by a small far?
mer did not make the game worth the
candle. Consequently, in the first
twenty-five years after this form of
loan had been authorised by law,
only about fifteen "comptolrs agri
coles" were formed In all Belgium.
Of the three thousand and odd lonns
guaranteed by these "comptolrs agri
coles" .it the end of 1909, only a
fraction on a hundred were for
amounts less than $250, which shows
that Lhe small farmers received little
real benefit from this scheme.
Realizing this, the Abbe Mellaerts
set about to adapt the Ralffelsen sys?
tem to Belgian conditions. He es- <
tabllshed his first rural cooperative
bank in 1892. By 1910 six hundred
\ ! fortv-?' -anks had
vs the 1m
- wtl of I * <?? -operative
Jxcept that
. -e banks or
?ocietles In Belgium are required to
raise a foundation capital to start
t
with and are not allowed to hold
their reserve funds as Indivisible,
there Is little difference between the
Belgian societies and the Ralffelsen
banks of Germany. The societies in
Belgium, as In Germany, are served
by central co-operative banks. In
Belgium these central banks supervise
the management and audit the books
of the rural co-operative banks. They
also guarantee loans made to the ru?
ral banks by the General Savings
Bank. In 1894 a Inw was passed set?
ting aside 1.000,000 francs of the
funds of the General Savings Bank
which was to be loaned to the rural
banks at the set rate of 3 1-4 per
cent. In order to enjoy the benefit
of this law a rural bank has to he*
com** a member In a central co-oper
itlve bank and has to have the cen?
tral banks' guaranty for the loan. The
central bank receives a commission of
one twelfth of 1 per cent of the in?
terest charged as payment for this
surety. These central cooperative
banks are formed among the rural
banks, each rural bank subscribing
for a share of stock valued at $25 and
assuming liability for the central
banks' indebtedness to the sum of
$250. Tho rural bank receives a set
dividend of 3 per cent on Its stock In
the central bank.
I Complete statistics of the business
done by the co-operative societies if
Belgium are not obtainable, but thl
totals made In a year amount to about
a million dollars and they carry de?
posits totaling probably two mllhons
Which, in a country the size of I:.? I -
gUtm, shows a healthy growth for
the co-operative idea in that coun?
try.
To Be with New House..
_
Mr. \v. it Burgess hat accepted
position s? traveling salesman with
Messrs. Belgler Bros, manufacturers ot
i idirs But footwear of Philadelphia,
Penn.. and will leave Tuesday even
! Illg t" at ? lid I conference of the
salesmen to he held -it the f o lory
l-'or the past five years Mr Burgess
has represented tin Condon Bros
Co.. of Broc kton. Mass, in the larger
' IIICS of (he SoU?h Hid is \ve|| ;\r
oualnted with Ihe a]. trade through
out tfie Southern States
Ruh M v Tl m a ill curs you,
as far as ran be seen now. and will
Afford n sph ridid home for the bank.
u b? n ;t la completed.
CONGRESS ADJOURNS.
RKTVRN OF HARMONY MARKS
FINAL HOURS,
fiven La Follette I imts Way Made
Smooth Before Uhu?-\<> Kxtra
Months* Fray fur Bmptoyea of Ihe
Honae,
Washington, Aug. 26. Sobered by
the embarrassments ol Saturday's nii
night session of nilbustera and dis?
agreements, oongresg idjusted its dif?
ferences today, Invited President Taft
up to the oapltol once more ami at
4,80 o'clock this afternoon wrote
"Finis" after the proceedings of the
?eoend session of the Sixty-second
c ongress.
The end was marked by a. return of
harmony. Senator I.a Follette, de?
manding action on the Penrose cam?
paign fund resolution passed almost
without discussion.
Senators Chamberlain, Martin,
Swanson and Culberson, after lighting
bitte: ly for the payment of the "State
clsJms" embodied in the general de?
ficiency bill, yielded to the urging of
their colleagues and permitted the
senate to yield to the demands of
the house, and strike these claims
from the bills. In return for this
concession, however, they received the
promise of sspport next winter,
when the claims again will be pressed
for payment.
With these old claims, amounting
in all to $600,000, went the "extra
month's" pay for congressioal em?
ployes which the senate demanded
and the house refused to give. In the
last hajf hour of the session, while
President Taft waited in his special
room to sign the measures of the dy
Ing congress, an attempt was made to
rush through a special resolution giv?
ing the employes the "extra month"
but the house again blocked it.
The president signed the general
deficiency bill at 5.10 o'clock mark?
ing certain the payment of the $1,
800.000 deficiency in army pay, the
$150,000 for the Gettysburg memorial
celebration next year, the $3f?0,000 for
extension of customs work and scores
of other important payments that
hinged on the passage of the bill.
The session 'just fizzled" out in
the senate, to use the words of one
observer. A comparative handful of
members occupied their seats, and a
call for a quorum in either the house
or senate would have forced a return
of the embarrassing situation of last
week.
A wild outburst of applause greet?
ed Speaker Clark's announcement of
adjournment as his gavel fell In the
house. The floor immediately be?
came an animated scene, members
bidding each other good-bye and
shaking hands. Old time political
foes burled all differences and all
feuds apparently were forgotten in
the general leave-taking.
Further animation and color were
lent to the scene when the women
flocked down from the galleries to
Join husbands and fathers on the
floor. The corridors were crowded
with tired but happy members, their
families and friends, and Speaker
Clark's room was crowded with
friends and admirers. Just before he
announced the adjournment, Speaker
Clark addressed the house.
"As the hours of adjournment ap?
proaches," he said, "the speaker de?
sires to congratulate the house on
having reached the end of the long?
est and most laborious session on
record. Congress has been actually
in session more days since December
than any congress that has ever sat.
Tho speaker desires to thank all
members on both sides of the big
aisle, which separates us politically
but not as friends or patriots, for the
uniform courtesy with which they
have treated the speaker. I hope
that wo will all reach home safely, all
have enjoyed vacations and will all
return, refreshed and invigorated, for
our work next winter."
While waiting for adojumment time
in the senate late In the day, there
were an even score of senators on the
tioor. when a resolution for adjourn?
ment at 4.30 o'clock was put through
a recess was taken until 4.10, Then
began a 20 minutes wait.
Secretary MaoVeagh "I" tile treasury
department was on tin- floor, lie wan
(b led about in tile little grOUP Of Sell
atori who were making their farewells
and discussing campaign plans, in the
centre aisle Senator La Follette and
I Senator Clapp were deep in discussion
Iof tin- prospects of the Penrose
Roosevelt Investigation,
i Senator Nelson, Minnesota, aw >K?
the senate for a moment t" thank
tin presiding ofllcera ot the session,
Senabus Gallinger and Uncon. Sena?
torial dignity lost Itself for moment
iv the little group in the chamber np
I
Plauded the s|.h. Senator Shi\'V
had passed a resolution thnnklng Vice
President Sherman for h? conduct as
ore- Idlng officer
Then as the hands of tin clock
alowly crawled to 1.30 Senator ?; ?i
linger in ilie , hair, nroae und de
<iaie.' ihe session adjourned no die.
and the remnant of the senate w in
A BILLION DOLLAR LEVEL.
CONGRESS HAS APPROPRIATED
T< rv\ l $1.01g,6S6, 143.66,
Democrat* Maim tin There In De?
crease in Expenditures, Wilde Re
publicaiM Deny It.
Washington, Aug. 2<;.?Congresi
closed another billion dollar session
today, but the exact total of the na?
tion's cosi of living varies ex it Is
?een through Republican and Demo?
cratic eyes.
The total appropriations for the
fiscal year 1913, which began July I,
1912, amount to $1.019,636.143.6<i, as
given to the senate and house today
by Senator Warren and Representa?
tive Kitzgerald, respectively Chairmen
of the two appropriation committees
It Is conceded by both of these lead?
ers that this is $7.046,000 less than
the nation's budget of 1912. but it re?
mained for former Speaker Cann >n,
in behalf of the Republican forces of
the house to produce figures to show
that the present Democratic congress
actually had appropriated more for
general purposes than did the pre?
ceding Republican congress.
Representative Ci. non declared
that out of the general total should
be taken all expenditures made for
the Panama canal. With such deduc?
tions, he said, the total appropriations
for 1913 would be $990,656,143, as
compared with a total of $981,122,SSI
appropriated for s**neral purposes last
year.
Predictions that the government
would face a heavy deficit at the end
of the year were made both by Sena?
tor Warren and Representative Can?
non. Senator Warren said President
Taft and his cabinet had carefully re?
duced estimates to the lowest figures.
The appropriations actually made arc
over $21.000.000 less than the esti?
mate-, and Republican leaders deolars
' it will be impossible to keep within
them.
Rub-My-Tism will cure you.
j The members of Game Cock Troop.
Boy Scouts of America, are making
preparations for their trip to Klorence
' on Labor Day. A big time is expected
and the local boys will try hard to
win some of the honors of the oc?
casion.
-
j or 6 doses 666 will break any case
of chills and fever; and If taken then
as a tonic the fever will not return.
Price 25c.
dered out of the chamber.
After recessing from 2.25 to .!.:!."?
o'clock the house transacted little
business. It passed a bill of Repre?
sentative Carlln of Virginia (Demo?
crat) fixing penalties for the break?
ing of seals on cars in Interstate com?
merce, adopted the concurrent reso?
lution of adjournment and then pro?
ceeded to block all other attempts at
legislation.
A^ resolution providing for an ex?
tra month's Pay for employes of the
senate died a natural death without
consideration. The resolution was a
substitute for a preceding one that
would have provided the extra
month's pay for employes of both
senate and house, house Democrats
had gone on record as opposed to
such legislation.
DR. CARL B. EPFS,
Physician and Surgeon.
Office over DeLorme's Drug Store.
Residence 307 X. Main Street. Of?
fice hours 11 A. M. to 2 P. M. Of?
fice phone 419, residence, 371.
A man's
appearance
hu* more to do with bi> success
oday than it ever had.
Anything that contributes to Ills
look of woll-to-donose is justified?
j cs, NECESSARY.
|s there anything that you know of
thai advertises success more than
A NICE RING?
Certainly, nothing lltul a man wean
hi more in evidence.
A lew dollars n|M'ill on a ring, any
good ting, will prove to be an
Investment lo most men.
lit its plinv our ring --tock before
m ii Mr. Mau. Ilten ||sk all the
l|||C?tlO!l* yO|| like.
We replace all ktones in rings we
?II, in e. except illiitnonds.
VV. A. Thompson,
II Wi l l It \\l> OPTICIAN.
Have You
A Boy to
Educate ?
DO you want to place
him in a Christian
[Military Institute
where his health will be
carefully looked after, his
r.iind thoroughly trained;
and where he will be taught
habits of obedience, punc?
tuality, and industry? If so,
send him to The South Caro?
lina Co-Educational Institu?
te.
Here each student is un?
der close personal control
and watchful care of the
teachers, from the time they
reach school until they leave
for their homes.
Faculty composed of fifteen
successful and experienced
ieachers.
For catalogue and full in?
formation, address
F. N. K. BAILEY,
President
Edge field, :: :: South Carolina
Not Every Man
You Know
Has had the good judgment to open an account at some bank,
I
but most all who haven't are falling in line. They find its the only
way to financial success, that's why everybody' coming to.
The Peoples' Bank.
"4 per cent on savings from day depoist Is made."
BANKING GUIDE POSTS.
Courtesy in the manner accorded to yon whether a customer or
not.
Conservatism and successful management ur displayed by a Bank's
earnings.
A deposit account reflecting the confidence of the community.
Successful operation covering a period of nearly 25 years.
Kopresontatiive names on the Board of Directors.
Competent officials and an accurate clerical force.
The Fir^t National Bank
On Hand
PREPARED TO SERVE YOU.
Constantly reaching out where business
is offered, getting stronger, and larger each
day. We are making the effort, realizing
that no business ever progressed far on a
past reputation only.
THE FARMERS' BANK & TRUST CO.
IF
Traveling is the Paradise of Fools
as Emerson Says
thi> remark wai certainly not intended to apply to occasional
earned trips ?>r Recreation and Rest?beneficial In as they are
earned. \ change <>t atmosphere and scene chances the channels
ut thought and feeling gits on?- nut of the ruts broadens.
II is well to recognise tin* call t<> these periods at stated inter
vale,
M you contemplate a trip ? 11 we can furnish you with Travelers
Cheques -the safest and mos convenient form of handling yt.ur
funds \\hii<' away from hone,
Call and see us ab ml them
The Bank of Sumter