The Union times. [volume] (Union, S.C.) 1894-1918, November 13, 1914, Page 2, Image 2
'
I Merchants & r
"The Oh
The Oldest and Larcp
On July 1 <t nvc paid ou
uci.ii \'o. SO. makiup a t<
stockholders in (.'ash Divit
While the chief object
I profits for its shareholders
of its ou tumors, and its c
*. nient of the community in
J nient is liberal, pursues a
strictlv to legitimate lines
; If this appeals to you
I LOOK FOR T11E BANK
\nd deposit >our nioaey
r. m. iwru, w. r. c?
President. \ i
All WrtiFiMI lUiiiMHiMiUH
ri?Kta?az - *toaiz:.37v."iiMc, "reaAinxvxHiemca
I St "Vi
1
| WE CAN SU!T YOU (
Id CHKKY THE KibftT S
GOOD. TOO. WHY? BE
FOR SLIM FEET AND BRi
FOR BROAD FEET. OUf
SO DO OUR HOSE
THEM. AND YOU'LL COF
L. S. TO
| PHONE 71 (
COS I 11 !! I II I HI ?!? III I M3
^ ^ ^ ^
??<?
| These Buggies
?>
A With fair and reason at
v
?> It any part of tne vei
V imperfect material or
I*
VS parts are returned to i
without charge.
Come L
1*
I The Peoples
Lawrence G. Southard
ATTORNEY AT LAW
Will Practice in all Courts
Office Opposite Post Office
UNDER 1
\COVERNMENT
|^S U PERVISION
ft EM 3 ER. BANK UNDER J
FEDERAL RESERVE ACT .
THE :
'lanters Nat'l Bank j
[1 Reliable"
^ ^ ^ ^ I
WITH SHOES BECAUSE WE
nyj CP a: ?n PII atp ffi-r 8
htllo. uutt onuld rc.hl i
CAUSE WE BUY SUM LASTS 1
OAD. COMFORTABLE LASTS
* SHOES WEAR.
WEAR. BUY THEM. TRY |
1E AGAIN FOR THEM.
WNSEND |
OPPOSITE EXPRESS OFFICE \
M
OOniUUDHKOBHBBnnCnHBilUUBa]'
; sueGiEsi
t
' I
are Guaranteed ?
V
A
?le use FOR ONE YEAR. A
licles fail, by reason of
? - - - A A
workmanship, and said Y
r %
is, we will replace same j
f :
%
?> i
,ook at Them! j
>
; SuddIv Co. I
IS <* J
WW?W.AA.>MA.V.A !
rW V VYVVVVVVVV
BAItRON & BARRON
Attorneys at I.aw
UNION, S. C.
Practice in all Courts. Money
to loan on City and Farm
Property.
est Bank in Union County !
*
r u per cent. Semi-annual Diviotal
of 8288,000.00 paid to our
lends since organization. !
of this bank is to accumulate
, it is ever mindful of the rights ?
onstant aim is for the advance- J
which it is located. Its manage- ?
progressive policy, and adheres _v
of banking. J
*
WITH THK CHIME CLOCK ~ i
where it will be absolutely sale
ILLI AM, J. I). ARTHUR,
? <>-! resident. Cashier.
?^
WE CAN SUIT YOU f
WITH SHOES |
A KIPv urvctr ii
WILL HELP FARMERS
TO PROCURE LOANS
McLaurin Says He Will Seek Markets
For Slate Warehouse Certificates.
I
John L. McLaurin, State warehouse
commissioner, made public yesterday
correspondence hail between Senator
Tillman and himself, in which the
general type of neighborhood warehouse
acceptable to the commissioner
for leasing in the name of the State is
described.
Mr. McLaurin says that although
the legislature struck from the warehouse
bill the provision making it the
duty of the commissioner to negotiate
loans or sell cotton for those who
might have it on storage, he intends
as an individual to aid the holders
of State warehouse receipts either in
the borrowing of money against their
cotton or the selling of the staple. He
suggests a basis on which in his opinion
these receipts may be used with
me leaerai reserve duiik. ne asKs the
cooperation of Senator Tillman in enlisting
the Rood offices of Secretary
McAdoo.
I "In addition to this," says the eom.
missioner, "as soon as I can get the
| machinery here in running order, I
expect to visit some of the money centers
and see what can be done in the
way of straight loans on the receipts."
Reply to Senator Tillman.
"hear Senator: In reply to your
favor of 7th inst.. beg to say that I
| agree with you and intend to do all in
I my power to encourage farmers to
I erect warehouses in each community
j for storing their own cotton. This can
be done more cheaply than in a central
warehouse in Columbia, thougli
I am endeavoring to secure the old
State dispensary warehouse for the
overflow cotton. Later the concentration
warehouse, with compresses, can
1 be developed so that cotton from the
| local warehouse can be shipped under
: milling rates and compressed en route
| to the port. At present, however, 1
am merely trying to meet an emerI
gency.
"I would suggest, in reply to your
question as to type of building, insur:
ance. etc., as follows:
"Construction: Sides and roof of
| corrugated iron, on skeleton wood
frame; earth or other noncombustible
floor. Building to contain not over
72,000 cubic feet.
"Dimensions: Ninety by 100 feet, or
if preferred so as to get a 19-foot
rafter, 50 by 150, about eight feet in
hnicrlif T nfUA?? n-m./K- "I?;t 1 J*
XII UHIV1 MMt yuuisi'll
as to shape, so that the cubic feet of
space does not exceed 72.000. Doors,
not less than two in ends and sides,
which must open outward. The ends,
however, can l?e planked up, so that
the boards can be riped off in cas<>
of lire. The rate of insurance runon
this type from ?1.00 per $100 pi
year to $2.25, dependent on other conditions
surrounding' building, but, in
no case on this type more than $2.2"
per $100. This makes from 00 cent
i to about $1 per year insurance for a
bale of cotton, estimated at about s
cents per pound. A' Columbia coni
tractor estimates the cost of this
building at $(500. I am satisfied that
I could put up one on my plantation,
where I have access to the wooihj. foi;
around $400. j ^.
"I am empowered by the State vo
settle the terms upon which such a
warehouse can be taken over, the only
restriction being that I am not to incur
a loss to the State from the operation
of the warehouse. The State is
to give a receipt carrying absolute
title to the bales enumerated in same,
and guaranteeing:
"1. Weight and grade.
"2. The delivery of the identical
bale named in the receipt.
"When this receipt is understood in
' m,, /,/mv,r>,..i i ;? ...:n > -
I u..' WMIIIIIVI V 11(1 vtvJIJU at will na \ t* U
j value not enjoyed by any other ware|
house receipt, because it prevents substitution,
guarantees weight and
! grade, and removes the cloud resting
upon the title tp every bale of cotton
produced under the crop mortgage
and lien system.
"I am devising" a contract which
will enable me to lease such a building
as 1 have described, and at an
added cost of three cents per bale for
each month to those storing cotton, to
give them the benefit (if these warehouse
receipts. I will have to take
a bond from the manager and grader
to protect the State in weight, grade
and delivery of cotton.
Will Aid Farmer.
"As to how the receipts may be
used to secure money, 1 will say that
in niv original bill it was mafic the
duty of the commissioner to negotiate
loans or sell cotton for those who
had it on storage. This was stricken
out and is not a part of my official
duties under the present law. I tut
there is no reason why 1 cannot as an
individual aid the holders of those receipts
eitht r in the negotiation of
loans of making sale of cotton, and it
is my purpose to do this to the extent
of mv ability.
"What we need in South Carol na
now is to unlock credit. There i as
much money as there ever was in he
country, but credits are tied up a a
result of this holding movement.
Many think the farmers should ell
and pay their debts, but this can iot
be done for the reason that if the re
was a general selling movement she
price of cotton, under present co ,ditions,
would go so low that we would
lose the cotton and still owe the debts.
Nothing will put the price of cotton
u|> UAIC|M n> Hum IL mi inu mil ;ei
and it looks to mo like, if we do that,
we can borrow more money on cotton
than it would sell it for in the open
market. If the farmer holds his cotton
and does not borrow money the
lion merchant will he wiped out : nd
with him will pro the country bat k.
"Now, under section hi and section
11 of the federal reserve act. then is
no reason why the lion merchant and
banker can not aprroo upon a price for
cotton stored in State warehouses.
Suppose they aprree upon 8 cents; the
farmer (rives the lien merchant his
note for $1,000 with State warehouse
receipts for 2f> bales of middling cotton;
the merchant takes the note and
receipts to the bank with his indorsement;
the hank accents this paper
and presents it for discount to the
lederal reserve hank at Richmond.
This is a two-name paper, and in
addition is for agricultural supplies
'based upon existing values' as pro-J
vided in these sections. '
"The law says that bills of exchange
of this nature shall be discounted
for six months. They can bo
renewed for six months. Furthermore
there is absolutely no limit to
the amount of such paper which any
one bank, a member of the currency
association, can discount.
"The title of the cotton remains in
the farmer, and he gets the benefit of
an advance in price and is enabled to
force an advance without destroying
his credit. The bank has recourse on
both the lien merchant and the farmer,
and in case of a decline in the
price of cotton could take means to
protect itself by demanding other security.
If cotton sells above eight
cents within the next year it would
go to the farmer.
Asks Cooperation.
"Mr. Hamlin, president of the Reserve
board, and Mr. Harding told the
legislative committee that they would
accept for discount farmers' notes indorsed
in this way and a South Carolina
State bond with cotton valued at
10 cents a pound. As soon as possible
I desire to have an interview with Mr.
McAdoo and others, to consider this
proposition. I think it would be of
great value to have your assistance in
this negotiation, and if you are going
to Washington in the near future
I would like to meet you there. If
1 not, please write to the secretary of
the treasury on the subject.
"In addition to this, as soon as I
! can get the machinery here in run|
ning order, I expect to visit some of
' the money centers and see what can
he done in the way of straight loans
on the receipts. My blanks are in
the hands of the printers, and as soon
| as I can get them will mail you coni
ies of same, which will give you a
better idea of my plans than anything
I can write in a letter. I hope that
your neighbors will join with you in
a warehouse and transform their coti
ton into a negotiable security and 1
will do my utmost to establish its
place in the commercial world. The
I small appropriation is discouraging,
but I shall do what I can with the
tools nrovided.
j "Your letter put in a nutshell jusl
| what the farmers in this State wish
| to know. I have replied at length,
I and will give the correspondence to
! the press for the information of all."
SHERIFF'S SALE.
Under and by virtue of power contained
in execution directed to me, I
will sell before the courthouse door
; in the city of Union, S. C., during the
i legal hours of -ale, on Saturday, the
j 21st day of November, 11)1-1, at 12
| o'clock, M, the following; described
personal property, to-wit:
Nineteen framed pictures, 2 brass
bedsteads, 1 brass baby crib, 1 cane
hatrack, 3 mattresses, 1 lot of books
of various kinds, 1 clock, 2 .Japanese
vases, 3 bureaus, 2 bod springs, 5
rocking chairs, 2 cain chairs, I mattress
for baby crib, 2 small tables, 1
washstand, 1 card table, 5 pillows, 2
rolls of rugs, 1 black board, 1 lot of
bedding, sheets, spreads and window
shades. Levied on and to be sold as
the property of L. P. Wagoner, at the
suit of Justice M. Thompson, plaintiff
against L. P. Wagener. Terms of
sale, cash.
J. HAY FANT,
u.. sheriff Union County.
Union, S. C., Nov. 4, 1914.
RUS-MY-TIS1?!
Will cure your jRkei&mntism
Neuralgia, Headaches, Cramps,
Col ic, Sprains, Bruises, Cuts and
Burns. Old Sores Sfincrtj of Tnc?rr?
Etc. Antiseptic Anodyne, used internally
and externally. Price 25c.
A woman seldom makes a fool of a
man. She merely points the way and
he does the rest himself.
| Colds pa
should be "nipped in the J\j
L/ bud", for if allowed to run ry/
unchecked, serious results tV
*klU niay follow. Numerous y\ L
' cases of consumption, pneu- I
! nionia, and other fatal dis- *
eases, can be traced back to I
a cold. At the first sign of a j
cold, protect yourself by I
thoroughly cleansing your |
s system with a tew doses of II J j
| THEDFORD'S
BLACKDRAUGHT
the old reliable, vegetable |l ^ v
.iver powder. Sjijj!
Mr. Chas. A. Ragland, O'lljHjj
Madison Heights. Va., says:II t:l
a 1 "I have been using Xhcd-1|||
yrru iora s macK-uraugnt tor|jyV
Fill stomach troubles, indiges-r/r
IMJiion and colds, and find it toMJj
RA| be the very best medicine 1 [Wjf
IQAjever used. It makes an oldf\T
InXl man feel like a young one." ft/
liJra Insist on Thedford's, the^J
iHI original and genuine.
Foley's Honey and Tar Compound
for Croup.
Croup scares you. The loud hoarse
croupy cough, choking and gasping
for breath, labored breathing, call for
immediate relief. The very first dose
of Foley's Honey and Tar Compound
will master the croup. It cuts the
thick mucus, clears away the phlegm
and opens up and eases the air passages.
Sold by all dealers everywhere.
| You Can P
| Write It h
I Down 1'
t
T
Y as a fact that we carry the 1;
Y merit of up-to-date Househo
pets, and that we are asking
them consistent with quality
?a single article, to furnis
Y house, we can please your t
Y and warrant the durability
X
| Bradley-Ei
iJ s s IlIPPs
AtAPioff
The cost of wiring your hoi
will return to you many time
cheer, cleanliness and increi
We are making a special
Lights in every home and th
tion varies from $10.00 up ir
material. Call and let us gi
mation.
MUNICIPAL ELE(
AND WATER
jj It. A. Eastcrlin
a??wg?g?aM? THwrninr i:
Why do you put up ^
You don't have to ? if yc
with a
Cole's O
[| Hot Bla
You build
zIt is never 01
You k'ct 1
-< warmed with
8?3H bcf,:c-..
Come in an
* x&T an(l saver.
Sec the name "Cole's" on the
of each stove. None genuine i
The Union Hardware C
The Hardware People
UNION, S. C.
| Reduce the High <
f* And Yet Live Higher
% PURE IVIILK At
A /!? i' * ^
>- Kji<saniirwss ana rut
V
A And We Live
X
f Try Us Once and You
? HILLCRESl
I J. F. McLURE, A
Vt T i
^4 4^4 j^il 4^4 ii^il 4*^4 ii^k i^il i^il iftk
^ T^y Ty ^ y
nrh'iu^ 1
4
irgest and best assort- V;
Id Furniture and Car?
the lowest prices for
r. Whatever you want &
h a room, or a whole <|*
;aste and your pocket,
of all we sell. V
X
stes Co. I
? 4 y
"our house
k. CAR B'
% "WIRES*
t to you
tne for electric lights
s over in convenience, J
ised illumination,
effort te get Electric J
e cost of the installalcluding
all labor and j
ve you further infor:tric
light
WORKS !
g, Supt. ?j
I
rrl ^r* n 4-l\ a ^9
Vi V^JIU as nit UlttVCIlS!
rith such a nuisance?
?u furnish your house
riginal
Lst Heater
only one fire each winter,
it from Fall till Spring.
up and dress in rooms
the fuel put in the night
possible with other stoves,
hing?soft coal, hard coal
(i see this ^rcat fire keeper
feed
Host of I.ivinn I
" ?- " ? ^
by Using Our ??
SID CREAM %
*ity Our Motto
Up lo I? X
Will Come Back. V
r DAIRY f
Proprietor 1