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BRAISE FUNDS FOR HIGHWAYS
important Saving Effected by Issuing
Good Road Bonds on Deferred
<From the United States Department of
People of a county Intending to
?raise funds for highway improvement
Twould do well to consider the advan
jtages to them of the deferred serial
jplan over the ordinary sinking-fund
3>lan of retiring long-term bonds. Un
tier the serial plan, a certain amount
of bonds ls retired each year and the
ibonds so retired cease to be an in
terest charge on the community. Un
Jder the sinking-fund plan none of the
ibonds is retirable until the end of a
..definite period, and the entire sum
jralsed bears interest for the entire
?life of the bond. The county, there
fore, pays interest on the money so
Iborrowed and in addition sets aside
.each year as a sinking fund an amount
?sufficient to retire all the bonds when
they become due. The sinking fund
. ?s deposited with banks and earns
?some interest This interest ordi
narily is only three per cent whereas
the county has to pay five or six pei
cent to its bondholders. The serial
plan is a much cheaper method of
?raising money for road improvement
?ven when the sinking fund earns in
terest as high as four per cent and
In the opinion of the road specialists
of the department should be utilized
whenever it is possible to market se
In a study of the road bond issues
.of several counties, J. E. Penny
?backer and M. 0. Eldridge of the divi
dion of road economics, office of public
roads and rural engineering, found
that the serial plan, if it had been
.adopted by several counties, would
"have saved the taxpayers in one
.county $154,269, in another county
380,702, and in a third county $65,367
over the other plan with a sinking
fund bearing interest at three per
cent With a sinking fund earn
ing four per cent, the saving
?would have run as high as $72,288
in one of these counties. These con
clusions appear in the recently pub
lished Department Bulletin 393, Eco
momlc Surveys of County Highway Im
The following concrete examples
?re taken from this bulletin:
"In Dallas County, Ala., the bonds
amounted to $350,000, payable in 30
iyears at five per cent. Assuming the
rsinking fund to bear three per cent in
terest as set forth in the chapter on
pallas county, the total financial bur
den to the county for interest and the
?liquidation of the bonds during the
!30-year period will be $745,702.80. An
?equal amount of bonds at the same
trate of interest, If Issued under the
?deferred serial bond method, with the
?first bonds payable six years from the
?date of issuance and an equal amount
[payable each year thereafter ?or 24
?years, would cost the county at the
;end of 30 years $665,000, or a differ
ence, as compared with the sinking
fund method, of SS0.702. If four per
'cent could be realized on the sinking
tfund instead of three per cent, the
?saving for the deferred serial plan
over the sinking-fund plan would still
"Lauderdale county, Mississippi,
?which issued $500,000 of five and five
?and one-half per cent bonds, adopt
ed the deferred serial-bond method,
;with the first payment coming ll years
(from the date of issue and the last
:payment 25 years. If the county had
?issued the bonds on the 5-25-year basis
?the cost would have been $906,S75, as
.compared with the cost of the basis
adopted of $972,232, or a difference
Even In the case of a small issue
ithe advantage of the serial plan is
?illustrated In Dinwiddie County, Vlr
jginia. This county Issued $105,000 of
'five and six per cent bonds, payable in
iso vears, but the bonds are callable
.after 20 years. Assuming that they
'will be retired at the end of 25 years
jon the sinking-fund plan, with lnter
Est on sinking fund at four per cent
ie total cost would be $218,031,
hereas if they had adopted the 6-25
fyear serial method the cost would be
|$201,100, or a difference of $16,931.
?REMOVE STUMPS FROM FIELD
.They Take Up Valuable Room and
j Make Work More Difficult for
floth Man and Animal.
? If you have stumps in your fields
jthat you have been plowing around
!for years, determine to get them out
lof the way this winter. They make
gt harder for man and animal working
n the field, and take up valuable
Wjrk for Hired Man.
1 The hired man who is worth any
jthing prefers to work where the busi
ness ls well planned and definitely
Methods In Disrepute.
Slipshod, haphazard, general farm
jing is in disrepute and the day of sc
ientific and specialized effort hrs
?come to stay.
The 48 states are now spending
$2S0,000,000 a year on good roads.
Programme of Edgefield County
Annual Field Day, April 13
To ali the People of Edgefield County
You are given a cordial invitation to attend the Annual Field
Day, to be held at the Graded and High School building at Edgefield,
S. C., Friday, April the 13th, 1917. The trustees, patrons and friends
in each school district are urged to accompany their school, and thus
give encouragement and inspiration to the pupils.
10:30 A. M.. School Grounds
Opening Exercises-Supt. W. W. Fuller.
Welcoming Address-Ex-Governor John C. Sheppard.
READING CONTEST. 11.00 A. M.
Teacher in charge, Miss Isabel Chappell, Edgefield, S. C.
Time-ll:00 A. M.
Signal-Ringing of school bell.
Place-Room No. 5, school building.
Children from the first, second, third and fourth grades will take
part in this contest Selections will be given according to the grade
of the child from the readers in use in the public schools.
MAP DRAWING CONTEST
Teacher in charge, Miss Emmie G. Wright, Johnston, S. C.
. Time-ll:00 o'clock.
Signal-Ringing of school bell.
Place-Room No. 6, school building.
Children from the fifth, sixth and seventh grades are. eligible. It
is probable that the contestant will be required to draw a map of
South Carolina, locating the principal cities and rivers and placing on
the map Edgefield county. Time limit twenty minutes.
Teacher in charge, Prof. G. F. Long, Trenton, S. C.
Signal-Ringing of school bell.
Place-Room No. 7, school building. *
This contest is open to pupils from the High School department
or from the eighth ninth, tenth and eleventh grades. The words will
be selected from Payne's common words commonly misspelled.
DECLAMATION AND RECITATION CONTEST
Teacher in charge, T. J. Lyon, Edgefield, S. C.
Signal-Ringing of school bell.
This contest will be divided into four parts, as follows: (a) Dec
lamation contest for boys from fifth, sixth and seventh grades,
(b) Recitation contest for girls from the same grades, (c) Declama
tion contest for boys from the eighth, ninth, tenth and eleventh
grades, (d) Recitation contest for girls from the same grades.
The selections in (a) and (b) shall not exceed five minutea?and
those in <c) and (d) ten minutesi * i ^ t **. *
NOTE-In all the mental contests where paper and pencil is used
?he contestants will be required to supply themselves with the neceB
DINNER-l:30 P. M.
Signal-Sounding of dinner call by bugler.
C*B*ATHLETIC CONTESTS FOR BOYS-2:30 P. M.
Teachers in charge, Profs. C. C. Stewart, Trenton, S. C., James
N. Bonner, Edgefield, S. C.
Signal-Ringing school bell.
50-yard dash, open to boys under fourteen.
100-yard dash, open to boys under fourteen.
100-yard dash, open to boys over fourteen.
320-yard'dash, open to boys over fourteen.
Running high jump, open to boys under fourteen.
Running high jump, open to boys over fourteen.
Running broad jump, open to boys under fourteen.
Running broad jump, open to boys^over fourteen.
ATHLETIC CONTESTS FOR GIRLS
Teachers in charge, Miss Hortense Padgett, Edgefield, S. C., Miss
Bertha Ferguson, Antioch, S. C.
Time-2:30 P. M.
Signal-Ringing of school bell.
50-yard dash, open to all girls. ?
Running high jump, open to all girls.
Running broad jump, open to all girls.
Open to all girls.
This is a very interesting and exciting event, and it is earnestly
hoped many teams will be in the contest Ten girls constitute a
NUMBER OF CONTESTANTS '
Each school is limited to one contestant in each event, ex jept in
the flag race. This rule applies in both mental and athletic contests.
The contests arp open only to school children. All teachers are re
quired to send to the Central Committee at Edgefield, S. C., a list of
the representatives from their respective schools not later than Mon
day, [.April the 9th.
The rules used in all'athletic contests will be the same as used at
the State athletic meet, Columbia, S. C.
Appropriate prizes will be awarded to the winner in each contest,
Competent and impartial judges will be selected for each contest
The committee has made arrangements for a good brass band to
enliven the occasion. We suggest, too, that the different schools
learn to sing some patriotic songs, such as "America," "Columbia,
the Gem of the Ocean" and "Dixie."
BASKETS AND DINNER
A picnic dinner will be served on the school grounds. We earn
estly|request?everybody who can to bring well-filled baskets. A com
mitteeJJwilliJbe glad to take charge of your basket if you BO desire.
We suggest?that you bring [dinner in boxes or inexpensive baskets,
and use trays instead of dishes as i
greastest care dishes may be mispl
A WORD TO THE TEAC
Every school haB the privilege
Day exercises. The committee ha;
would appeal to every school in the
the day depends largely upon the
teachers.' The day is preeminent
children. It is our day, and lets m
If you desire information in re
write or communicate with the tea
general information may be had by
Care of T. J. LYON.
Notice of Final Dis
To All Whom These Presents May
Whereas, J. M. Bell has made
applcation unto this Court for Final
Discharge and Administrator in re
the Estate of John Galloway, late
of said County and State, deceased,
on this the 28th day of February,
These Are Therefore, to cite any
and all kindred, creditors, or par
ties interested, to show cause be
fore me at my office at Edgefield
Court House, South Carolina, on
the 2nd day of April 1917 at ll
o'clock a. m., why said order of
discharge should not be granted.
W. T. KINNAIRD,
J. P., E. C., S. C.
FOR t SALE: Fifty bushels of
bright "Iron" peas at $2.25 per
bushel. 100 bushels of Cleveland
Big Boll cotton seed at $1.00. Peas
and cotton seed f. o. b. Trenton,
E. L. Ryan, Trenton, S. C.
Dr. King's Kew Discover?
KILLS THE COUGH. CURES THE LUNGS.
Planting cotton, peas, velve
drill. Saves labor and seed
ing reservoir, Which is the o
been thoroughly tried and ti
Southern Planter Compan}
Derrick Brothers, Johnston
E. M. And
1289 Broad Street
nuch as possible, for even with the
HERS OF THE COUNTY
and right to take part in the Field
3 tried to arrange a program that
! county. The success or failure of
interest and enthusiasm of the
;ly a day for teachers and school
ake it worth while.
ference to any particular contest,
cher having same in charge. Any
Edgefield, S. C.
Notice to Teachers.
The State Teachers' Association
meete in Columbia March 15-16-17,
1917. We are anxious for Edge
field county to be well represented,
and trustees are authorized to grant
holiday Thursday and Friday. The
program for the meeting is good,
and teachers will find it profitable
W. W. FULLER,
County Supt. Education.
AU persons who are indebted to
the estate of the late Mrs. Hettie
S. Jones are hereby requested to
make payment to the undersigned
at once. And all persons who have
I claims against the estate of the said
Mrs. Jones are hereby requested to
present the same for payment to the
undersigned at once.
THE BANK OF EDGEFIELD,
SALESMEN WANTED-to sol
icit orders for lubricating oils, greas
es and paints. Salary or Commis
sion. Address Lincoln Oil Co.,
?fiS's NEW LIFE PILLS
The Pills That Do Cure.
:t beans and corn. Will plant :
; gives a quick stand ; guarantee
nly perfect adjitator. A simpli
r, Columbia W. \V. Adami
P. C. STEVENS, Representative
rdware of all K
? Edgefield friends, particularly our faro
arge stock of Hardware of all kinds, anc
natters not what you need for the farm i
ral implements we have it for you.
low steels, hames, traces,
, of us and let us save you n
t what you need in hardware, we can sup
you have any buili
and let us figure wi
ware needed. We
locks in large quant
very low prices.
It will always be
serve you. If we
want we will order
trading with us yoi
our large buying fa<
Expenditures of Southern in the
Washington, D. C., March 5.
F?r every dollar paid to the South
ern Railway by the people in the
South during January, 1917, the
Southern paid out in the South
$1.35, according to figures an
nounced to-day by Comptroller A.
The Southern Railway disbursed
during the month, for labor, mate
rial, supplies aud other purposes,
$7,713,417, of which $6,414,417, or
83.16 per cent, was paid to individ
uals and industries located in the
South, this sum being $1,679,571 in
excess of the total moneys contrib
uted by the South for transporta
For improvements to its roadway
and structures, the Southern spent
$1,278,604.35 in January, 1917, as
against $1,027,892.04 during Jan
uary, 1916; during the seven months
ended January 31, $8,708,255.86 as
against $4,465,283.44 in 1916.
SPING COLDS ARB DANGEROUS.
Sudden changes of temperature
and underwear bring spring colds
with stuffed up head, sore throat
and general cold symptoms. A dose
of Dr. King's New Discovery is
sure relief, this happy combination
of antiseptic balsams clears the
head, soothes the irritated mem
branes and what might have been
a lingering cold is broken up. Don't
stop treatment when relief is first
felt as a half cared cold is danger
ous. Take Dr. King's New Dis
covery till your cold is gone. 1
Whenever You Need a General Tonic
The Old Standard Grove's Tasteless
chill Tonic is equally valuable as a
General Tonic because it contains the
well known tonic properties of QUININE
and IRON, lt acts on the Liver, Drives
out Malaria, Enriches the Blood and
Builds up the Whole System. 50 cents.
The Best Hot Weather Tonic
GROVE'S TASTELESSchill TONIC enriches the
blood, builds up the whole system and will won
derfully strengthen and fortify you to withstand
the depressing effect of the hot summer. 50c
any distance apart or in the
;d not to miss ; has a revolv
?, durable machine that has
s & Company, Edgefield
m Hardware Co., Batesburg
ier friends, to know
1 can always supply
in the way of hard
?ply your needs. If
iing to do, come in
th you on the hard
buy nails, hinges,
j ties and can make.
a pleasure for us to
haven't what you
it out at once. By
i get the benefit of