The watchman and southron. (Sumter, S.C.) 1881-1930, May 07, 1921, Image 2
Published Wednesday and Saturday
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18$6. The Watchman and Southron
now has the combined circulation and
influence of hoth of the old papers,
vnd Is manifestly' the best advertising
medium in Sumter. ._
PRACnCAIi COLLEGES.
Apparently there are to be colleges
zpr everything and everybody in due
coarse of time. Harvard University
,has its graduate school of business ad
'.rhinistration. Northwestern Univer
^psity is putting in a short, practical
course of training in commercial
Problems. The Massachusetts Insti
^?tnte of Technology' is establishing a
'fisheries college similar to that which
hajs been in existence at the Uni
.versity of Washington for sev
:-*?rs3 years. There are numerous oth
^'er* instances.
Some of these schools do not re
.-sruire the completion of a straight col
V- l^aV -course before admission, but
many of them are strictly graduate
-"schools.
f- This is an interesting tendency in
v cdncation. it does not, as might ap
pear at first thought, deny the advan
*..iage of the straight cultural educa
tion, although, it does seem to admit
5 tna* that training aloha is not enough
k ^or this iday' of haste. The academic
^-colleges have been accused for many
^years'of not fitting their students for
..-practical life. At first the answer to
V^this charge seemed to be to lay ail th
Emphasis upon the p.actical training
Vin business or commercial schools,
which iook the student right from
high school or even before the- com
pletion of a. regular high school
course. Before long, however, it was
recognized that the young man or wo
man with a broader educational foun
dation was- better able to grasp the
technical training and to tackle new
IpT?bJems with reai vision and judg
ment Then the institutions of uni
versity and college rank began to add
to their departments these newer
lines formerly regarded as quite re
mote from academic education. The
institutions of higher learning lose
nothing of their dignity or culture1
thereby, and the students served gain
much
This does not mean that no one,
can succeed in a business or profes
sion who does not have the college
training before the technical or pro
fessional training. There are too many
examples to the contrary to allbw
any such sweeping statement. But
for the average man or woman who
hasNtime to take the well-rounded
training offered by these combined
schools, there is greater promise of
future success and happiness in life.
THE WAR WITH JAPAN.
Commenting on the newest Japa
nese "crises"' over immigration ana
the island of Yap, with their attend
ant taik of "war," th9 Springfield
(Mass.) Union submits the follow
ing sage remarks:
"But there are always stories about
Japan, and always a propaganda of
the inevitableness of war with her.
Our relations with her would need to
be of the most enthusiastically cordial
kind to check all the determination in
this country to make a war seem im
minent But really Japan has never
shown any other disposition toward
us than to do her best in a diplomatic
way, and this is generally very good.
We shall undoubtedly* have diplomatic
tussles with Japan, as we have here
tofore, but it would be. placing too low
an estimate upon the shrewdness ami
wisdom of the Japanese statesmen tc
say-that she alone of all the nati?>?><?
in the world would seek a war with
the United States."
This is simple common sense. The
Japanese of course, are shrewd. The
Japanese, of course, are selfish?all
nations are, in their dealings with
Other nations except in such rare and
negligible- instances as that of the
United States in freeing Cuba and, for
a short time, in its war dealings with
Europe. But the Japanese are prob
ably not such knaves, and certainly
hot such fools, as to seek war w th the
United States over any question now
pending or any conceivable advantage
they might gain by attacking the
country.
The Japs are good players in the
diplomatic poker game. They are
pastinasters of bluff. They also know
when to quit. They backed down in
negotiating the Portsmouth treaty,
when they had Russia beaten in the
i?etd, because they knew tha. ulti
mately, if the war continued. Russia
would beat them. They will back
down on the question of immigration
and tb? question of Tap and the ques
tion ot a fe% H&vy, wb?n they ^rc
-. j .
convinced that Uncle Sam is definite
ly determined, while being fair with
them, to take care of his own inter
ests.
But all war talk is aside from the
point, and serves only to becloud the
issue. The Japanese are very intelli
gent gentlemen, and do not have to
be knocked down with a mailed fist
to make them see a point.
The only war there ever need be
with Japan is a war of diplomacy.
That war is already in progress, ana
the battlefield is in London as much
as in Washington and Tokio. It in
volves, as a piece of riiajor America:;
strategy, showing the British people
that their interest lies more with the
white Americans than with the j-el
low Japanese.
STREETS OF BEAUTY.
In rebuilding French towns and
cities in the war zone two sets of
opinion have come in'io conflict.
There are the very modern"engineers
who wish to defer to the demands of
motor traffic by making streets wide
and straight at the expense of quaint
ness and charm. Then there are
those who appreciate the beauty of
the old towns and who seek to make
the streets of the necessary width
and suitable for increasing automobile
use, and at the same time to preserve
the grace of the winding road. In
some places this is done by leaving
one side of a street, however irregu
lar it may be, exactly as it was, to en
widening it to meet modern ne .'ds, by
cutting back the other side, following
the same line of irregularities.
This struggle in French reconstruc
tion work has a lesson for road
builders in this country. It empha
sizes the fact that a road need not be
ugly in order to meet traffic require
ments, and that a beautiful bend in a
road need not be dangerous or a
handicap to travel and commerce.
The benefits in effective transporta
tion and inter-city communication
which the automobile and motor
truck have introduced would be pro
ductive of almost as great evil as good j
if they were allowed to deprive the'
public of all beauty and charm in its
highways*
THE MEiOGRATIOX BALANCE.
It is good to learn that in the
rast ten years the native population
of the United States has really gain
ed on the foreign population. In ih-i
decade from 191? to 1U20, according
to the new census report, the foreign
born contingent increased only about
400,000 altogether, while the native
born increased about 13,500,000.
Moreover, this natural increase in the
number of natives was almost exactly
as much as the entire foreign popula
tion living in this country when the
census was taken last year.
The result was a reduction of the
percentage of foreign-born from 14.?
per cent in 1910 to 12.97 per cent in
1920, or a reduction of about one
tenth in the proportion of foreigners
to natives.
If this record were repeated for a
few decades, there would be no for
eign-born in this country worth
speaking of. That would be unfor
tunate, in the long run. America
will always need some new blood. For
the present, however, the majority ol
Americans are clearly in favor of
continuing the unintentional restric
tion due to the war and holding down
the immigration a little while longer
by legislation. The country can well
afford to stand pat on the recent
gains made by the natives until such
a permanent immigration policy :s
vrorked out as will guarantee the
safety of American institutions and
ideals hereafter and insure that those
foreigners who are admitted will find
a country still worth being admitted
to.
Cooperative Plan Toid of Briefly.
The following statement of pur
poses of organization was issued yes
terday by the organization commit
tee of the South Carolina Cotton
dowers' Cooperative association:
We the undersigned citizens of
South Carolina realizing that the
present methods of marketing our
cotton crop fall short of doing jus
tice to the cotton growers and that
these methods are not likely to be
improved except by the growers
themselves, have met as delegates
sent from the various parts of the
state and have considered means by
which growers may correct some of
the evils of the present system of
marketing cotton. We urge action
on the part of growers of che state
along cooperative marketing lines,
such concerted action to be based
on the principles of cooperation
which have been found to make for
success in the marketing of crops in
other countries and in other parts
I of this country. We have embodied
these principles in a crop contract
to be signed by the cotton growers
of cotton, which crop contract will
form the basis of a cooperative mar
keting association of the cotton
[ growers of the state,
i As an organ ization committee we
do not minimize the magnitude of
ithe undertaking but believing firm
j ly as we do that cooperation holds
j forth the only hope for a betterment
of present marketing conditions we
have prepared this crop contract and
will present it to the, cotton growers
of the state, trusting that they may
so realize the seriousness of the cot
ton marketing problem that they will
be willing to form themselves into
j an association for mutual advance
ment and for the protection of the
j state's most important industry.
In presenting this plan of market
ing we wish to go on record that
I the plan is not put forward as a cure
all nor as a price fixing scheme but
rather as a business method of mar
j keting cotton which promises to cor
jrect some of the evils of the present
methods. The benefits to be realized
through this plan will be larger as
the plan is more thoroughly devel
j oped and these benefits will be re
| alized not only by growers of cot
ton but ultimately by consumers of |
j cotton as well. This plan docs not j
I contemplate interfering with present
I marketing method. v here those :
methods are efficient but will apply
! where it is possible to effect a more
direct application of the law of
supply and demand to the price re
ceived by the grower for cotton. We
believe this rian promises to bring
about a direct application of that
law and we further believe that cot
ton growers may never expect more
than this.
The committee wishes to request
all who can do so to study the plans
of cooperative marketing as outlin
ed and- that will be published from
time to time; to observe the right
eousness of the plans and of the ob
jects sought, and to give support to
the work of the committee in every
way possible. Th" committbe es
pecially and earnestly requests
bankers, newspaper, the cotton as
sociation and all other farmers' or
ganizations, business men's organi
zations, the Ck-rnson extension s>?r- J
vice and all citizens and organiza- }
tions who are interested in the agri- !
culture of the state to lend every ef
fort to the committee in this under
taking as without such universal
and unselfish support it would not be
possible for these plans looking to
permanent improvement and stabil
ity in the cotton producing industry
to be realized.
REPUBLICAN
ROTTENNESS
Wrangle Over One of Harding's
Appointments Reveals Nasty
Mess
Washington, May 3.?With strong
opposition led by Senator Johnson,
Republican, California, late today
the senate voted to recommit the
nomination of David H. Blair of Win
ston-Salem. X. C, for internal reve
nue commissioner to senate finance
committee with instructions to inves
tigate Mr. Blair's qualifications.
The fight against Mr. Blair devel
oped considerable Republican opposi-.
lion, principally over his course as
a delegate at the Republican national
convention at Chicago last June.
Violation of the North Carolina
primary law by Mr. Blair was said
to have been charged in executive,
session by Mr. Johnson. Mr. Blair was
chosen as a delegate at a state con
vention. Later in preferential pri
mary Senator Johnson, one of the
Republican presidential candidates,
received a large majority. In the
convention Mr. Blair voted for Mr.
Harding despite Senator Johnson's
claim that his support was pledged
to the Californian until released by
him. The North Carolina primary
law. Senator Johnson was said to
have declared, specifically required
delegates to vote for the primary
choice.
Another objection to Mr. Blair, pre
sented by Senator. Johnson, concern
ed questions of income tax payments
by a corporation in which Mr. Blair's
relatives were said to be interested.
Senator Johnson issued a statement
after the senate session in which he
said.
'T am not speaking at all about
what occurred in executive session.
1 am oposed to the confirmation of
Mr. Blair. My objection is upon two
grounds, first, he was a delegate to
the Republican national convention
bound under the law of North Caro
lina to vote fpr the candidate receiv
ing the majority of votes in the presi
dential preference primary there. I
received in that primary three times
as many votes as my opponent. Blair,
as a delegate to the national con
vention, did not obey the mandate of
the primary. He violated the law and
betrayed his people. He is now nom
inated to the most important admin
istrative office in the United States.
He administers tax, prohibition and)
other laws. A man who will violate!
I his own state's laws, is unfit to ad
minister the nation's laws.
"The second objection to Mr. Blair
is because of a secrecy maintained
concerning income tax returns is in
volved in some obscurity. Mr. Blair's
father-in-law, is one of the richest,
but not the richest, man in North
Carolina. He sought, by forming a
partnership with his family, to les
sen the amount of his income tax.
He was required to pay, and it is
asserted that he did pay, the full
amount claimed by the government
and the members of his family, as
partners, have sought a refund. Some
hundreds of thousands of dollars
have been at stake. There is a dis
pute about the present exact situa
tion. At any rate, Mr. Blair ought
not to be in a position where he is
in the slightest degree connected
with refunds, due to his wife, his
father-in-law and other relatives.''
The father-in-law of Mr. Blair is
said to lie .J. W. Cannon, cotton mill
owner. The amount of tax refunds
involved in the treasury department
case is said to be around $l,00o,000.
In the senate's executive session
Mr. Blair was represented to have
been defended by Senators Smoot,
Utah, and Frelinghuysen, .Yew Jer
sey, Republicans. Chairman Penrose
of the finance committee, which re
ported Mr. Blair's nomination favor
ably last week, was not present.
Some senators attending today's
session said that if the nomination
had come to a vote without the in
quiry being ordered by the Gnanc*
committee, it would have been re
jected.
131st Annual Council
?Of the Liocese of South Carolina
\ To Be Held in Sumter
The 131st annual council of the Dio
cese of South Carolina will be held
with the Church of the Holy Com
forter this city. May 17, IS and 19, the
council convening at 11 o'clock, on the
morning of Tuesday, May 17th and
adjourning after the morning session
Thursday the lJfth. The most import
ant matter to come before the meet
ing, outside the regular business, will
be the report of the committee on the
division of the Diocese, this report be
ing special order for the morning
session of Wednesday, the 18th. Thos.
Mott Osborne, of New York, will de- {
liver an address on Prison Reform
at S p. ni. Tuesday the 17th and on
"Wednesday evening at 8 o'clock Rev.
R. Bland Mitchell will speak on the j
nation-wide campaign.
The programme in full follows:
May 17th.
10 a. m.?Celebration of the Holy
Communion.
11a. m.?Council convenes.
Election of Secretary.
Election of Treasurer.
Address of welcome?Rev. J. B.
Walker.
Response?Bishop Guerry.
Appointment of five standing com
mittees.
Annual report of the standing com
mittee.
Annual report of the trustees of the
Diocese.
Address?Rev. W. W. Way, Rector j
of St. Mary's School.
Address?Rev. Walter Mitchell, D.
D., Porter Military Academy.
New business.
Announcements.
1.30 p. m.?Recess.
3.00 p. nr.?Council convenes.
Bishop's Annual Address to Council.
Bishop Coadjutor's Annual Address
to Council.
Report of the Treasurer of the Dio
cese.
Report of the Committee on Fin
ance.
Report of the Committee on the
State of the Church.
Report of the Committee on Un
finished Business.
Report on Special Committees.
New business.
Announcements.
6.00 p. m.?Recess.
S.OO p. m.?Subject?"Prison Re
form." Address?Thomas Mott Os
borne, L.H.D.
May 18th.
7.36 a. m.?The Holy Communion.
9.30 a. m.?Morning Prayer.
10 a. m.?Business Session.
Special order of the day?Report of
the Committee on the division of the
Diocese.
li.30 a. m.?Report of Committee
on new Canon?Bishop and Executive
Council.
12.30 p. m.?Reports of Commis
sions. /
Religious Education.
Missions.
Social Service.
New business.
Announcements.
1.30 p. m.?Recess.
3.00 ]>. m.?Council convenes.
Elections.
Delegates to the Provincial Synod.
The Standing Committee.
Social Service Commission.
Trustees of the Diocese.
Trustees of the Orphanage.
Trustees of ihe University of the
South.
Trustees of St. Mary's School, Ral
eigh, N. C.
Report of Trustees of the University .
of the South.
Report of Trustees of St. Mary's
School.
New business.
Announcements.
6.00 p. m.?Recess.
8.00 p. m.?Subject?"Nation-wide
Campaign." Address?Rev. R. Bland
Mitchell.
9.00 p. m.?Symposium.
9.30 p. m.?Annual meeting of the
Advancement Society.
May 19?l.
7.30 a. m.?The Holy Communion.
9.30 a. m.?Morning prayer.
10 a. m.?Business session.
Unfinished business.
Reading of Minutes.
Adjournment.
William Way. Chairman,
T. H. Hazelhurst,
E>. Van Smith.
News of Pinewood.
Pinewood. May 4.?The Pinevood
High school team defeated a team
from Sumter on the Pinewood
grounds, yesterday afternoon by the
score of 7 to 2. The game was fast
and interesting until the seventh in
ning. In that inning, with the score
2 to 1 in favor of Sumter the Pine
wood boys got busy and with the aid
of a two-base hit, a three-base hit
and a single scored four runs. A home
run in the next inning brought in two
more, making the final score 7 to 2
in favor of Pinewood. Features of
the game, the batting of H. Harvin
[and pitching of Barwick, for Pine
i wood.
Pinewood plays Wedgefield at Pine
wood on Tuesday, May 10th.
H. I* Baxley and W. O. Tatum, Jr.,
have been elected as delegates to the
grand lodge K. of P. which meets in
Greenwood, May 24th.
Honor Roll for April.
First Grade?Margaret Kolb, Sa
rah Louise Mouzon.
.Sec?nd Grade?Marguerite Kolb,
Mary Ethel Kolb, Susan Hampton
Richardson, Bessie Mae Graham, Su
sie Wells, Hugh Matthews.
Third Grade?Wayne DesChamps,
Glenn Kolb.
Fourth tirade?Allie Barwick.
Fifth Grade?Mildred Matthews,
Virginia Kolb. Frances Salley, Joe
Richardson, Inez Kolb, James Har
vin.
Sixth Grade?Roy Kolb. Ralph
Kolb, Paul Jenkinson, E. S. Jenkln
son.
Seventh Grade?None.
High School?Amie Felder. Maggie
(Iraham, Mary Lawrence, Marguer
ite. Ross, Rebecca Felder. Iva Des
Champs. Mattie Felder, Eddie Brad
ham, Susan Hodge, _^_ i
Manile, May 4.?Ninety Moros, in-! ulary in an engagement near Taglibi,
chiding M'aharijah Untong. a religious'Island of Suin. after the murder Sat
fanatic Kader, were killed Sunday by'urday of Lieut. Velasquez and three
a detachment of Philippine constab- I constabulary troopers.
REPORT OF THE CONDITION OF
So. 3809. - Reserve District Wo. 5
The First National Bank of Stimter,
At Sumter in the State of South Carolina, at the Close of Business oa
April 28, 1931, fcjtagtfg
? s
RESOURCES:
1. a Loans and discounts, including rediscounts, " ?lilJE^j&S
(except (hose shown in b and c).$864,377.49
Total loans. $864,377.49
2. Overdrafts, secured, $2,679.11; unsecured $2.021.56 4.700.67
4. U. S. Government securities owned:
a Deposited to secure circulation (U. S. bonds par
value) . . 50,000.00
b AH other United States government securities 61,000.00* 111,000.00
5. Other bonds, securities, etc.: . 16,500.00
6. Banking house. 37,500.00
8. Cash in vault. 21,576.04
?r'. Lawful reserve with Federal Reserve Bank. 33.170.44
11. Net amounts due from national banks. 72,614.12
14. Checks on other banks in the same city or town
as reporting bank (other than Item 13). 4.833.3$
Total of Items 9, 10, 11, 12, 13 and 14 .. .. $77.447.50
16. Redemption fund with U. S. Treasurer and
due from U. S. Treasurer.?. 2,50?.00
Total. $1,168,772.14
LIABILITIES:
18. Capital stock paid in. $100,000.00
19. Surplus fund. 150,000.00
20. Undivided profits. $35,970.80
c Ix'ss current expenses, interest & taxes paid 14,283.92 21.686.88
21. Circulating notes outstanding. 44,800.00
22. Amount due to Federal Reserve Bank (defer
red credits). 5,836.59
25. Certified checks outstanding. 10.00
26. Cashier's checks on own bank outstanding .. .. 1,103.13
Total of Items 22, 23, 24, 25, and 26 . 6,949.77
Demand deposits (other than bank deposits) sub
ject to Reserve (deposits payable within 30 days):
27. Individual deposits subject to check. 198,687.97
Total of demand deposits (other than bank de
posits) subject to Reserve, Items 27, 28, 29, 30,
31. and 32. 195,687.97
Time Deposits subject to Reserve (payable after 30
days, or subject to 30 days or more notice, and
postal savings):
35. Other time deposits .j. 550,587.03
36. Postal savings deposits. 126.23
Total of time deposits subject to reserve, Items
33. 34, 35. and 36. 550.713.26
:>7 United States deposits (other than postal sav
ings) including War Loan deposit account and
deposits of United States Disbursing officers... 1,934.26
40. Bills payable, other than with Federal Reserve
Bank (including all obligations representing mon
ey borrowed other than rediscounts). 40,600.00
41. Bills payable with Federal Resserve Bank ... 54,000.00
Total. $1,168,772.14
STATE OF SOUTH CAROLINA,
County of Sumter, ss:
I, O. L. Yates, Cashier of the above-named bank, do solemnly
swear that the above statement is true to the best of my knowledge and
belief. O. L. YATES, Cashier.
Subscribed and sworn to before Correct-Attest:
me this 3rd day of May, 1921. GEO. F. EPPERSON,
David Dear, Jr., Notary Public. H. D. BARNETT,
W. B. UPSHUR,
Directors.
REPORT OF THE CONDITION OF
No. 10660. - Reserve District No. >.
The National Bank of South Carolina,
At Sumter in the State of South Carolina, at the Close of Business on
April 28, 1921.
RESOURCES:
L a Loans and discounts, including redisco u n t 8,
(except those shown in b and c).$1,413.839.11
Total loans.'. 1,413,839.11
Deduct:
d Notes and bills rediscounted with Federal Re
serve Bank (other than bank acc eptancea
sold). 119,027.09 1.294,812.02
2. Overdrafts, secured none; unsecured. 2,032.49
4. U. S. Government securities owned:
a Deposited to secure circulation (U. S. bonds par
value) . 200,000.00
b All other United States government securities US,686.45
Total. 3I8.6S6.45
5. Other bonds, stocks, securities, etc. 18,900.00
6. Banking house. $32.770.30; furniture and fix
tures. $2.909.93 . 35,680.23
8. Cash in vault. 15.264.30
9. Lawful reserve with Federal Reserve bank. ... 47,245.42
10. Items with Federal Reserve bank in process
of collection (not available as reserve) . 15,820.42
I I. Net amounts due from national banks. 2,522.24
12. Net amounts due from banks, bankers, and
trust companies in the United States (other than
included in Items 9. 10. or 11). 13,950.70
14. Checks on other banks in the .same city or town
as reporting bank (other than Item 13) .. .. 5.148.51
Total of Items 9. 10. 11. 12. 13 and 14. S4.6S7.25
15. Checks on banks located outside of city or town
of reporting bank and other cash items. 371.00
16. Redemption fund with U. S. Treasurer and
due from U. S. Treasurer. .... 10,000.00
Total. $l,7S0.433.78
LIABILITIES:
IS. Capital stoek paid in. $300,000.00
19. Surplus fund. - 230,000.00
20. Undivided profits.$80,191.56
a Reserved for interest and taxes ac
crued .5.598.39 85.789.95
c Less current expenses, interest and taxes paid 21,093.01 64.696.94
21. Circulating notes outstanding. 193,595.00
22. Amount due to Federal Reserve Bank (defer
red credits). 20,554.SI
24. Net amounts due to State banks, bankers and
trust companies in the United States and foreign
countries (Other than included in Items 22 or 2:1) 1.615.50
25. Certified checks outstanding. 243.7S
26. Cashier's ehecks on own bank outstanding . . . 7,689.47
Total of Items 22. 23, 24, 25, and 26 . 30.103.56
Demand deposits (other than bank deposits) sub
ject to Reserve (deposits payable within 30 days):
27. Individual deposits subject to check. 382,323.63
28. Certificates of deposit due in less than 30
days (other than for money borrowed). 3,000.00
31. Dividends unpaid. 74.00
Total of demand deposits (other than bank de
posits) subject to Reserve, Items 27. 28. 29. 30. .
31. and 32 . 385.397.63
Time deposits subject to Reserve (payable after 30
days, or subject to 30 days or more notice, and
postal savings):
:*?:;. Certificates of deposit (other than for money
borrowed).-. ISO,221.05
35. Other time deposits. 270,419.60
Total of time deposits subject to reserve, Items
33. 34. 35. and 36 . 450.640.65
3$. U. S. Government securities borrowed <.s e e
note) . 11.000.00
41. Bills payable with Federal Reserve bank. 115.000.00
Total. $i,30.433.78
STATE OF SOUTH CAROLINA,
County of Sumter, ss:
I, Earle Rowland, cashier of the above-named bankt do solemnly
rwear that the above statement Is true to the best of my knowledge and
belief. EARLE ROWLAND, Cashier.
Subscribed and sworn to before Correct-Attest:
me this 3rd day of May. 1921. MARK REYNOLDS.
W. H. Yates, Jr., Notary Public. MITCHELL ?EVL 2 !
R. O. PURDY, & A
. _ Director*