Historical Newspapers of South Carolina

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aiehman and Sou thron ..Wednesday and Satur vday by '?/.3 Osteen Publishing Company. Summer, S. a ' ;:" Terras; J^"* $2.00 per annum- ?in advance. Advertisements: \ One Square, first' ihsertioh - - $ 1.00 1^v?ery subsequent insertion .50 j j Contracts f*r three months or ! . longer wi? be made at reduced j rates.-* * ' All communications which sub serve private interests will oe charged for as advertisements. Obituaries and tributes of re spect will be charged for. The Sumter .-.Watchman was founded in 1850 and the True Southron in 1?66. The Watchman and Southron now has the com bined circulation and influence of both of the old papersTand is man ifestly the best advertising medium in Sumter.4 XOT EXOTGH CHICKENS. - City folk who move to the coun try?and most of them want to but won't admit, it?always want to keep chickens. . It seems easy, it promises to be profitable, and any how there, is something fascinating in the idea, to women as to mer.. Under the. circumstances, tnen, the United States cfeSCken census1 of last year, report of which is Just available, possesses-sentimen tal as well .as business interest... Well.. .there were I 35-9,537,355 chickens on farms in the United States on January 1, 1920 as agajnst 280,340,957 chickens three months old or- over on April 15, * 1910. In as much as many chick ens are slaughtered and' marketed each year, between January 1 and .April 15, comparison^. is difficu It. / The actual increase, if there was j/ ' any, probably corresponds with that in egg production?t5.2 per cent. In actuality the growth of fowl population does not keep pace with that of .human beings. No wonder eggs and . fried chicken come high. Iowa leads, with 27.746.510, with Illinois, Missouri, Ohio, and Texas not far behind. It isn't near ly enough. The more there are on - farms and the fewer on city pave ments the better off we all will be> Trnlack-Padgett. Lynch'burg, Sept. .ll.?Wednes . day at 5.30 o'clock Miss Olive Tru l?ck was married to Fletcher Pad gett of Saluda. the Rev\ Ben Tru luck, pastor of the .bride, officia-! . The church was decorated very sfanoly and artistically,.. a color scheme of green an&yellpw being1 - ^carried.out. OnldAnr^ was bank. | ed against a ;backgron?kd of/long, leaf pine and intermingled with nu- I merous ferns around the base of-; the rostrum. Before the ceremony, Mrs. R. C.J Severance of Timmonsville sang "O ! Promise Me," "At Dawning" and "I Love You. Truly." To the strains of the wedding march . froavJLohen- j grin, played by Miss. Jem mie Wise i of Saluda;' ' ribbon girls, Elma and \ -?vejyn Truluck, nieces of the bride, I N onlled the ribbons for the bridal j ? parity to enter. Immediately the ushers. Walker Truluck, Dewey Truluck, Hertor McNeil Jake Kel-?! Iy, Harold^rnluck and Dr. Frank Sblley, entered, mstkiqg ' a half circle on either side of the altar. Following the ushers came the bridesmaids' Who took their posi ti?? oh the rostrum, also making a half crrcle. The maids were Misses Fe?ci? Hicks, Maud Truluck, Rtith^ Chandler, Efcia Mae Hinds, Stella Lancaster and Theola Brogdon. Next came the dames : of honor, Mrs, C. M. Speigner and Mrs* Moss K. Hines. The ring bearer, Jack Truluck, entered carrying the ring in a silver basket. -The; maid of honor Miss Caro~Truluc%- sister of the bride, next entered. Elise Kelly and Margaret Clair Kelly scattered flowers before the bride. The- bride was given in marriage . by"her father. She was attired in a styiish ferown velour suit with ac . cessories td match-and carrifd a W?quet of bride roses^and lilies of the valley. At the altar she was met by the/-bridegroom.'attended by ---^ris brother, W. N. Padgett of Salu da? as best man. During the impressive ring cere monp the pianist played 4To a Wild Ro?e." Mrs. Padgett, who Is'the young est daughter of Mr. and Mrs. Isa dore M. ""mluck, is a>graduate of Coker college and for the last two years has taught successfully in the Sahida high sc-iool. She is a young woman of pleasing manner and lov able disposition. It is the regret of her many friends that her marriage will take her elsewhere to live. The bridegroom is a prominent business man of Saluda, being con nected with the firm of Saluda Wholesale and Warehouse com pany. Immediately after the ceremony the bride and bridegroom left for a short wedding trip. Among the out of town guests were the following: Mr. and Mrs. B. F. Jones, Georgetown; Mrs. Julia Hinds and Miss Margaret Hinds, Florence; W. Williams, Florence; Mr. and Mrs. h. C. Sev erance and family, Timomnsville; Mrs. George Etheredge. Saluda, and Mrs. R. H. Etheredge, Saluda. - ? ? m Body of G. C. Duncan Sent to Cairo, Ga. The body of G. C. Duncan, the young man who was electrocuted while at work as a?*lmeman in Sumter was sent, this morning to Cairo, Ga., where \he young man has relatives and friends. The fun eral services will takevpjace tomor row* v NEW YORK COTTON. Ystdys Open > ftfgh low Gtose Close January ... 20.48 20.65 19.10 19.25 20.45 March .19.75 20.40 19.00 19.10 20.00 May ... ...19.75 20.20 18.90 19.00 19.80 October .21.50 21.50 19.50 19.57 20.75 December 21.10 21.15 19.4? 19.88 20.80 .Xew York spots ISO down; middling 10.80. ! NEW ORLEANS COTTON I Ystdys ; Open High Low Close Close j January ... 20.40 28.75 18.98 19.05 20.08 March ."19.86 20.05 18.58 48.75 49.55 May .19.79 19.80 18.45 18.65 19.43 i October .21.00 21.03 19.03 19.?5 20.45 December 2100 21.00 19.05 19.15 20.20 New Orleaus spots 2.". down; middling 20.00. LIVERPOOL COTTON January . 12.97 March . 12.80 May . 12.43 July . 12.27 October "3.85 December . 13.10 Sales 15.000: receipts 15.000. Middling 13.77; good middling 14.91. COTTON LETTER. (Furnished by MacDowell & Co). New Orleans, Sept. 12.?Confirmation of serious damage in south and central Tex as by Saturday's cloudburst and fear of tropical storm influenced an active and higher market at opening after which, mar ket receded as result of realizing, due to Washington having advised that the storm shifted to northwest, subsequently turning northeastward and will apparently move up the Atlantic, off the coast, making it likely for the cotton region to escape what appeared to be a hurricane.. Advices from south and central Texas are distressing reported d 20 counties under water as a result of a 10 to 20 inch rain fall which is of record breaking propor tion, there having been great damage to property and crops, figured In the mil lion* A wire from Waco estimates loss to the Texas crop 230,000 It is reported that returns to the Memphis Commercial-Appeal indicate an average deterioration for the belt of ten points for the past two weeks and rumor has it that returns to the Na tional Ginners' association average the con dition- at 47. against 51.r? two weeks ago, j but it is likely that returns to the asso I elation do not include damage in Texas by ! Saturday's cloudburst. Governor Harding of the Federal Reserve j Board.is quoted as saying while there has i been improvement in general business con { dittoes throughout the country the south ! is in better shape than any other section, i "The building boom is expanding through : out the United States, New York city en ! joying one of' the greatest building booms j in history, in four oi the five boroughs I construction to August 31st exceeded the j Udlding for all of 1&20. The. further decline in foreign exchange, I marks and Francs was referred to as a de j pressing feature but cable advices from j Germany state that German hankers report no serious crisis in Germany. Wednesday's weekly weather and crop government report likely to be bullish, particularly as to Texas due to the recent cloudburst over the greater portions of south and central Texas. . The October. government crop estimate Will probably indicate a smaller yield than promised on September 1st perhaps . l*ss than seven million bales. ?3RAIN LETTER (Furnished by MacDowell & Co.) Chicago Sept. 12.?An increase of over three million of wheat broke the buying movement which had bee* meeting sales on the break. The trade -was unprepared for this large increase and unloaded making j another low on the ?;reak t.'iat started on j j Saturday, 'i'he market has lost eight cents I and cleaned ? out ? the ? small commitments 1 j There is a., big Jyng interest which has ? not' been disturbed. The export buying I has been slower and more caution is now j i being shown on the buying'side.. Thermar.-* i j ket may have, a further decline if foreign J orders do not show larger but on the de l cline there will be good reinstatement. } Corn and oats;were softer the'corn vis ible was slightly .decreased : oats visible "'up nearly two million the price of the grain Is so far below the cost of produc [ tion. as-to-encourage buying eh the. de clines. . , , . . , v ?*" ?? ?,? 066 Cures Bilious Fever. "\ Co-Operative Cot ton Marketing Mr. Carl Williams, of Okla homa, President of the American Cotton Grow ers' Exchange Ex plains the Plan A cotton farmer who heard the I address of Carl Williams, president of the American Cotton Growers' Exchange, explaining the co-opera tive cotton marketing plan that has been put into practical operation in Oklahoma, Texas, Mississippi and Arizona this year, and was not con vinced that it is a sound business proposition that will work out to the direct financial benefit of every cotton producer affiliated with the association and indirectly to the in dustrial and financial -salvation of the entire south is a hopeless prop osition. Mr. Williams, who is a large and successful farmer, the editor of the leading farm paper of the south west, .part owner of the biggest publishing business of Oklahoma and a leading figure in the busi ness life of Oklahoma City, one of the organizers and president of the j Oklahoma Cottpn Farmers' Co-op erative Marketing Association and j president of the American Cotton i Growers' Exchange. with which j organization the co-operative mar keting association of Oklahoma, Texas, Mississippi and Arizona are affiliated, is making a tour of South Carolina under the auspices of the extension department of Clemson College for the purpose of assisting in the organization of a co-operative cotton marketing as sociation in this state. He spoke yesterday morning in Columbia and in"the afternoon here in the courti house. There were present to hear him about eighty or ninety men, the- majority representing Lee, Clarendon, Darlington, Florence and Dillon counties. All were cot ton growers, although several qual ified as bankers, when Mr. Wil liams took a hand primary to as certain who he was talking to. Mr. R. B. Belser acted as chair man and opened the meeting by calling on Dr. W. W. Long of Clemson College to state the ob jec of the meeting and introduce the speaker. Mr. Williams declared in begin ning his speech that every one con ceded the need for some remedy to correct the evils which exist in the marketing of cotton. These evils, he said, in general comprised un dergrading, "country damage," .which ranges from $2 to $6 a bale and the "city crop." The market ing end of the farmer's business, he said, had long been afflicted with a disease, the chief symptom of which is flat pocketbook. "I come to tell you of a remedy which other farmers are taking and to. offer it to you but not to 'force you to take.it," said Mr. Wil liams. "Those farmers who are taking it are finding that it actual ly cures the disease. I refer to co operative marketing. There are al ready 00,000 of them in coopera tive marketing associations, which this year will handle for the farm er, and by the farmer and with the profit to the farmer 12 per cent, of the cotton crop." When it became noised August 23 and 24 that these farmers had obtained credit in excess of $60, 000.000. and that they were in po sition to market their crop grad- j ually instead of dumping it on the j market. Mr. Williams said cotton advanced three cents a pound in j two days. The history of cooperative mar keting was briefly reviewed by the speaker, who said that it dated back 100 years in Europe. It has been tried on every conceivable plan and commodity. He told of j the experience of the raisin grow- \ ers in the Fresno valley of Cali fornia. They had been losing, about a cent a pound on their crop for years, while the speculators were making money, he said. They formed a cooperative marketing as- j sociation and in 1913 sold raisins for the first time at a figure that was anywhere around the cost of reduction. Each year thereafter the price advanced. Mr. Williams declared that co- j oi>erative marketing associationsj should be organized by commodity and not by locality.^ They should be state-wide. A local association j is necessarily a weak one. It has j poor management as a rule and is I subject to competition. The as sociation must be tne dominant | factor in its territory. The con tract should be legal and binding and for a long term, not less than five years. The long time contract is necessary in order that the asso-" ciation may make satisfactory bus iness arrangements. Nobody but cotton growers are eligible for merxibership. It is an organization, of, by and ,for the farmer and its object is to get a larger portion of the spinner price for cotton than the farmer now gets. There are some farmers, Mr. Williams said, who complained that the association would take away their rights to sell their cotton for what and when they pleased. "How many of you have the right to say when and to whom you sell your cotton?" he asked and an swering his own question, he said the average farmer had to sell when his creditors told him and he had to take what the buyer on his local market offered him. "You have your choice of being attached to the association for a period of years or to the cotton buyers for the rest of your natural life," he said. In Oklahoma the association ad vances 00 per cent, of the value of I the cotton to the farmer the day j he turns it over to the association.1 the speaker said. The remainder is paid him as t&e pools are sold. All ; cotton is placed in pools and the : pools are based on the season, each ; farmer getting the same price for the season for the grade of cotton : he turns in. r The association goes into the : market and hires experts to work, j for the farmers instead of against i them as they have been doing. "We I find that a good man would rather work for us than for private cor- ; porations^ he said. Mr. Williams said that many questions may arise in connection | with the formation of the asso- I ciation in this state but he asked | his hearers to remember that an answer has been worked out in oth er states to every specific detail. At the close of the meeting, on motion of Mr. L. D. Jennings a rising vote was called for to show how many of tho.se present would sign the contract and become mem bers of the proposed South Caro lina Co-operative Marketing As sociation. Every cotton grower voted in thr affirmative. On mo tion of Dr. Long it was decided to begin at once the campaign to sign up thv farmers of Sumter county and the chairman was directed to appoint a committee of five to have charge of the campaign. Some of the Reasons Why Taxes Are High We have township boards of as sessors. These are usually good honest men. There are three for each township. These men are ap pointed by the governor upon the recommendation of the delegation. These men are supposed to go over all returns and it is their duty to see that all property is on the tax books, but they are only paid $2.00 per day and only allowed three days to make canvass and go over returns made by the taxpayers. We know this is impossible. So much for that. Now let us use our "think tank" a little. Suppose, to illus trate, the state has to raise $150.00. We will say the citizens from whom this is to come are represented by Jim, Bill and Henry, each of whom owns property worth $10,000.00. The state proposes to get this $150.00 by equal and just uniform tax upon the property of Jim. Bill and Henry. It would therefore be necessary to levy a tax of 5 mills 58c on the $100.00 or 1-2 of 1 per cent. Jim's property consists of notes and mortgages of the par value of. $10,000.00. All right. Bill's property consists of a 500 acre farm, worth $20.00 per acre. Henry's property is a stock of mer 14Q&ndise*; value $10,000.00. I Jim returns his notes and mort \ gages at par value. Bill has no j certain knowledge that his farm j woflld bring $20.00 per acre, and ' naturally solves the doubt in his own favor and places his property and returns at $7,500.00. Henry making his returns in February as ; of January 1st looks back and ; honestly thinks his stock of gopds I would not'be over $5,000.00 on Jan uary 1st and so sets them down.' j - The next'year Jim finds he is the only one that has returned at i par value. So he decides to set his down at $5,000.00 only half of his ( notes and mortgages. Bill finds j Jim has only rt-tumed half of his ; property, cuts his in half and so ; the process of under-valuation ; goes all along the line. And this ' has gone on and on until now it's ; a general tax dodging game, j So now the first year under the ;5 mill rate Jim has $50.no. Bill j ?37.50 and Henry $25.00, so the; [ state's 5 mills has not raised the tax. So instead of $150.00 for the j j second year they will have to raise I $187.50. It's then necessary to j j raise the nulls to 8 1-3. The next j j year for the same reason more mills has to be put on and so Itj ' foes. About the third year Jim's notes' and mortgages have vanished irom the tax books altogether, for in j 'that time it's about 30 mills or! $300.00 and he is only getting 7 | per cent or $760.1)0. It's a fact that I he either sticks his notes and mort gages in his safe or calls his leans j and puts them in. some form of j non-taxable securities. At any rate they vanish from the tax books, i Bill's stock of merchandise is | tangible personal property but] ftuctuating in quantity and value all I the time from day to day, season to season and difficult to pin dow to ; a fair valuation on January 1st. Farmer Henry's stock is tangible i : property that is constant in quan-i ? tity and that can neither be hid- j ?'den from sight nor camouflaged ;>y j financial manipulations. Now who ! ! in the end is the "billy goat?" j ! Farmer Henry finally gets his j farm down to .$2,000.00 or 20 per : cent of its value. Bill gets his mer j chandis'e down to S 1,000.00. Jim's ' property is gone, so the state now ! finds instead of 5 mills it's 50 mills. Jim pays nothing, "he's a c?p ' italist." Bill, the merchant pays . the same he would have paid. Ken ; ry, the farmer, with his acres, cows, hogs and calves open to the j world that cannot be locked up r.or I hidden pays his own original $30 I and all of Jim's $50 besides and ! sits back and says. "Well I he 3e ? taxes won't go up next year." 5b ! much for that. Jjo you know that in 1^00 watches and jewelry were assessed ! at S3:1,532.00 and in 1919 at \ $1 09.V13.00. Why this? The only : answer is, the mills were less in i 1900 than in 1910 and this was j property you could lock up, "hide," ' get off. the tax books. Do you j know according to the comptroller general's office, some counties re ! turned only three gold' or silver ? watches and they valued "at $65.00. ; Some counties return no monies, ; evidences of credits. Some "return i as low on farm implements and j machinery as $195.00. Somecoun ! ties return as low as 1^ dogs. i I've given you a few examples, j I say a few. and that is putting it : mildly, for there are many. ? ! want you to help me think of some j way to get this tax problem in bet j ter shape. I'm satisfied from Care ful figuring there is more than $300,000,000.00 worth of property, not on the tax books in this statt Yours truly, C. J. JACKSON. Winston-Salem. N. C, Sept. 11. j ?While walking on,the roof of the i new 12 story hotel .here this after j noon Mis's Lillian Mitchell', .24 j years old, daughter of Edgar Mit fchell of Walnut Cove, fell from a high ,parpet to the roof over .the. ball room ten floors below and was instantly killed.-? ? I Rub-My-Tism Cures Sore9. ?. *flA? Reserve District No. Charter No. 3809 Ari/(nOT REPORT OF THE CONDITION OF' THE FIRST NATIONAL BANK AT SOFTER IN THE STATE OF S. C. At the Close of Business on Sept. 6, 1921 RESOURCES: 1. a Loans and discounts, including redis counts (except those shown in b and c)_.--..3 874,538.00 Total loans .- 874,538.00 "\ Deduct: d Notes and bills rediscounted with Federal Reserve Bank (other than bank acceptances sold) $10,000.00 $ 10,000.00 864,638.90 -. - , , ~ _. . _ 2. Overdrafts securedH.SSG.29; unsecured, $344.78 2,283-^7 4. U. S. Government securities owned : a. Deposited to secure circulation (U. S. bonds par value) _...$ 50,000.00 b. All other United States Government Securities.- 61,000.00 Total . lll.060.jfo 5. Other bonds, stocks, securities etc.: .-. ' 16,S69.|0 6. Banking House, Furniture and Fixtures-. 37.50G.$G 8. Lawful reserve with Federal Reserve Bank- 30.9S3.15 10. Cash in vault and amount due from national banks.-* 77,363.|8 13. Checks on other banks in the same city or town as re porting bank (other than Item 12)-*? - Total of Items 9, 10, 11, 12, and 13 $88,242.43 15. Redemption fund with U. S. Treasurer and due from U. S. Treasurer_i. . Total.$1,158,505.^5 LIABILITIES: 17. Capital stock paid in. 100,000.1 18. Surplus fund._. lj50,O66.j 19. Undivided profits.$32,9*6.50 32,916.50 c Less current expenses, interest and taxes paid._. 6,412.95 26,503.j 20. Circulating notes outstanding_.?. 48,2*0.| 21. Amount due to Federal Reserve Bank (deferred credits) _._. 44?. 24. Certified checks outstanding ._.:. $6. 25. Cashier's checks on own bank outstanding.- 3,874. Total of Items 21, 22, 23, 24, and 25 4,380.96 w Demand deposits (other than bank deposits) sub Sect to Reserve (deposits payable wfthin 30 days):. . 26. Individual'deposits subject to check_..- 177,234. Total of demand deposits (?/.her than bank deposits) subject to Reserve Items 26, 27, 28, 29, 30, and 31. 177,234.59 Time deposits subject to Reserve (payable after 30 days or more notice and postal savings) ; 34. Other time deposits_._ 552,777.0.6 35. "* Postal savings deposits_._ .' 127.7$ Total of time deposits subject to to Reserve, Items 32, 33, 34, and 35 _._ 552,904.85 36. United States deposits (other than postal savings) including' War Loan deposit account and deposit of United States Disbursing officers__." 281.Id 39. Bills payable other than with-Federal Reserve Bank (including all obligations representing money bor rowed other than rediscounts) _ _._ 4tf,0<M^jj 40. ? Bills payable with Federal Reserve Bank. 54;$"O0.Oe Total_..$1,153,505.0$ . . State of South Carolina, County of Sumter, ss: ... . -> .. I..?. 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. .\ :; . * ? . Subscribed and sworn to before me this 9th day of September, -192^ ON, Notary Public, (SEAL) A. M. BROUGTON, O. L...Y\TES, Ca*k*?r. .'?v Correct?Attest: XEILL O'DONNELL, ? H. D. BARNETT GEO. F. EPPERSON, ' Directors.. - " The Time Has Come to Buy Neu, Things For Fall i 4 33 S. Main St. Sumter, S. The Store With CHAIN STORE SYSTEM a The First Shot Has Been f Push?Shove Brave the Friday, September 16th, 9 a, m., Main or Shine The Time Is Short. Goods Are Scarce, Still Rising. Don't Delay CROWDS Read Our Large Descriptive Circular. It Contains Many Interesting Features and Valuable Information for your benefit. THE This is our Tenth Annual Fall Opening Sale and we will make it of tenfold interest to our large and extensive number of patrons. SALE OPENS FRIDAY, SEPT. 16th 9 A. M. Look for the Yellow Front SALE OPENS FRIDAY, SEPT. 16th, 9 A. M.