Newspaper Page Text
Insurance Commissioner Issue
Warning to People of South
South Carolina is being overri]
with "wild cat" financial scheme
especially ?oil well stock projects, a
cording to Insurance Commission?
McSwain of Columbia who Saturdi
issued a warning to the people of tl
state, through the press, not to ii
vest in any stock proposition unie
they were sure that these conceri
had been licensed by the insuran?
Mr. McSwain is sending to t
sheriffs of the state and to all '.hi
of police a letter, asking them to 1
on the lookout for agents of "bh
sky" stock projects who are seJlir
stock without a current license fro
the insurance department.
Mr. McSwain states that eve]
mail brings some inquiry regardir
the requirements under the state
"blue sky" laws for such conceri
to sell their stock in this state.
A few days ago, Mr. McSwain wi
visited by three men from Washin;
ton, D. C., who wanted a license 1
sell stock in an oil well developmen
They told him that the first sta
they had visited for the sale of the
stock was South Carolina, and, ask(
why this was, they told the insuran<
commissioner that their section <
the country had been thorough
worked on such propositions ar
they heardof the unusual prosperil
of this state and thought it a goc
field in which to begin the sale of tl
stock. Their financial showing, ho\
y ever, did not warrant the insuran<
commissioner in issuing them a 1
Recently Mr. McSwain was in tl
hospital for an operation and in h
weakened condition he was visit(
one day by three persistent agen
for an oil well proposition, wi
wanted a license to sell their stoc
in the state. Mr. McSwain told the
that his voice was too weak for hi
to talk much, but that he could li
ten. They "fired away" and Mr. M
Swain listened, but he hasn't yet i
sued their license. Mr. McSwain sa:
the state is being flooded with peop
who want to sell* stock in conceri
that propose all sorts of returns.
The insurance commissioner stat?
that he is confident there are a nun
ber of concerns selling stock in tl
state without licens? in violation (
the laws, and it is with a view 1
catching these agents that he is m
tifying the sheriffs and police chief
If the agents are caught they will I
prosecuted. Licenses for the sale <
such stocks must be issued April
.of each. year. No license is good, ui
less it has been issued subsequent 1
The insurance commissioner r
tcently investigated an oil we
scheme which was applying for 1
.cense to sell its stock in South Cari
lina, and he wrote to a prominei
South Carolinian now practicing la
in Texas. The lawyer's report on tl
company showed that it was not'we
^known and was without strong final
?cial foundations. The lawyer advise
Mr. McSwair. not to license it, an
lie stated that if the concern wei
good it would have no trouble sellin
to come to South Carolina for cap
its stock in Texas and would not hav
tal. He stated that only one out c
every 773 of the small oil well d<
Insurance Commissioner McSwai
has reports to show that the sout
"is being overridden with "blue sky
financial propositions and he says h
is doing all he can to warn the pe(
pie of the state against such invesl
Southern Legion and Sout!
Carolina Department Oppose
j-. Agitation of Bonus.
v Tn a conversation with some of th
. state officers of the American Legio
' Richard I. Manning, former goverr
. or, expressed the gratification th?
the Legion in the South, and part
? cularly in South Carolina, has take
such an admirable stand on the b(
nus question. The Legion in th
state has voted throughout to stan
. by the action of the national convei
tion-that is, to leave the matter t
. congress and for the American Li
.gion to take no part in such an ag
tation. Proper resolutions have bee
:adopted by the South Carolina D?
apartment setting forth this stand.
At the meeting of the national e:
?ecutive committee in Indianapoli
-when it was voted to ask for the bi
inn.% the Southern states were, as
whole, not represented. Therefore ?
a conference in Birmingham a sho:
while later the ten states in tl
South asked Franklin D'Olier, natic
ai commander, to call the comm itt <
together again for further conside
ation of the bonus question. Th
was Acme and a meeting was held
Washington March 22 at which evei
state in the union has represent
tives. Here again it was voted to a?
for a bonus-the fourfold plan-bi
the Southern departments/ exce
is j Alabama, protested most vigorously
against the cast feature, believing
that the American Legion should not
m I attempt to tell congress what to do,
and also that the executive commit
tee was exceeding its powers to undo
the work of the national convention.
When the final vote came, however,
several Southern states switched for
unanimity, South Caroilna, Arkan
ss sas, Florida, Mississippi, Texas, and
1S Idaho however, voting on the last
ballot against the American Legion
taking part in the agitation.
The South has been highly praised
ef for its stand, and especially those
3e states that voted against it through
ie out the meeting.
A statement was recently issued
from state headquarters of the
American Legion setting forth that
fy without entering intj the merits or
ig demerits of the question, whether or
.'s not the country can stand the finan-,
ns cial burden or whether or not the sol
dier, sailor or marine, who served in
3 the recent war, is due a bonus, the
g. department of South Carolina is flat
to footedly against the American Le
ft, gion yaking a fight for the bonus,
te In South Carolina at the last state
ir convention the bonus question was
;d put into the hands of the delegation
;e to the national convention, unin
jf structed,/and at the meeting in Min
ly neapolis the South Carolina delega
l(j tion voted unanimously against the
?y American Legion waging a campaign
)Cj for same. The South Carolina depart
ie ment has never wavered from its or
v. iginal ?stand.-The State.
Irish Potato Bugs.
Make a dusting powder of dry Ar
ie senate lead powder, I pound, mixed
is with 5 or 6 pounds of flour of air7
?d slaked lime. Dust the potato plants
while the dew is stoll on. Arsenate
of lead is now preferred to Paris
Further information on treatment
of diseases and pests will be furnish
ed by the County Extension workers.
Sow sparingly around the base of
the plants or sow broadcast over the
is j field the following mixture : 6 pounds
of bran; M pound of Paris green;
% finely chopped lemon; 3 quarts of
water sweeten with y/z pint of mo
le lasses. Beware of poisoning the poul
>f try with the poisoned branj Make a
to damp mash of the bran. After the
worms are poisoned they hide before
Cotton Seed For Sale.
DORR 'GREEN SILK COTTON,
fifth year development, one package
of seed for fifty cents prepaid will
insure you a start. With orders for
two or more packages we send sam
ple of cotton. Get ready for the Silk
Mills. Plant in your, back yard.
L. A. DORR,
Box 804, Augusta, Ga.
Eggs for hatching,
and Barron strain
?"j j White Leghorn. Price $1.50 per 15
a|4-7-tf MRS. GEO. F. MIMS.
FOUND: On the streets of Edge
ll field lady's gold eye-glasses with
chain attached. Owner can get glass
es by calling at The Advertiser office
and paying for this advertisement.
J. W. REESE.
IT S NO
Copyrirht 1909, by C. E. 2
?VERY dollar that ;
that you earn that it would
not, is only money that yoi
On the other hand every dol
money that is going to c
Which is the best; money al
you always working for y
start that bank account. D
BANK OF I
OFFICERS: J. C. Sheppard, Prem
E. J. Mirna, Cashier; J. H. Allen. Assist
DIRECTORS : J. C. Sheppard, Tho
Parker, A. S. Tompkins. B. B. Boukni
BREAK IN BOND PRICES
IS NO CAUSE FOR WORRY
LARGE YIELD MADE POSSIBLE
TO ASTUTE INVESTORS WHO
SEIZE BIG OPPORTUNITY.
lnveetors who bought Liberty Brad?
and Victory Notes at recent market
prices wer? thus afclt to earn consid
erably more than tho bond rates et in
terest ea their mener, according te
figures compiled by stock and brad
brokers. Moreover, income tables re
cently completed by the War Loan Or
ganieation of this district show that
the bonds, 'naamuch as they are ex
empt from all statf and lecal property
and income tax (except estate er in
heritance taxes) are o qui va ?ont ia
their net yield to taxable stocks and
bonds paying rates of interest sub
The property tax on stocks and
bonds is sometimes considerable.
From these property taxes, state and
city, Liberty Bonds and Victory Notes,
vf course, are exempt. This means,
therefore, brokers point out, that the
government securities yield a net in
come equal to. that of taxable stock?
and bonds paying much more.
The following figures show in the
order named the issues of Liberty
Bond* and Victory Notes, their respeo*
tire periods to maturity, recent mar*
ket quotations and the approximate
annual interest based upon these
prices and conditional upon the secu
rities being held to maturity.
first I 1-2, 27 years; J93.30; 3.90
First 4, 27 years; 185.80; 6 per cent.
First 4 1-4, 27 years; $36.50 6.S per
.Second 4, 22 l-l years; 135.5*; l.ll
Second 4 1-4, 22 1-3 years; HI.J?;
B.S per cent.
Tfeird 4 1-4, 8 1-2 years; 990.80; 5.Cl
Fourth 4 1-4, 18 1-2 years; SH.90;
6.47 per sent..
Victory 4 2-4,. 2 years; . 16.38; COI
par cent. '
Victory S 5-4, I years; H8.30; 5.03
per cant. v
In comparing the ia co me from Lil
arty Bonds and Victory Notes with
the net yield of taxable stocks and
beads the usual taxes should be added
to each ef the percentage yields given
It rests with the legislature, brorera
point out, to increase th>* taxe* her?.
Taio then iroald make the income
yield of non-taxable goyernmeat bonds
jyrt that mach greater and *.ae bondi
wouHl therefore be all the mere rsl
vsyMe, bankers and business mea say,
a? Investment securities.
Write or see me for delivered
prices on rat, tire and lightning
proof metal corn cribs. Can fur
nish them in any capacity. Shape
either round, oblong', or''square.
Can furnish partitions fors Urge
cribs. Absolutely rat and lire proof.
A permanent farm improvement,
first cost cheaper tban wooden con
Write me at Bamberg, S. C.
W. fi. STOKES,
Agent for Edgeiield Co.
FOR SALE: Home raised corn,
shelled or in the shuck, at $2.25 per
A. S. MILLER,
Trenton, S. C.
immerman Co. -No. 64
you spend foolishly,
ate amount of money
be possible to save and do
i have to work for again,
lar you put in the bank is
constantly work for you.
ways working for you, or
our money. Come in and
on't put it off another day.
dent; A. S. Tompkins, Vice-President
s. H. Rainsford, John Rainsford, M. C.
ight. E. J. Mirna. J. H. Allerg
Two Carloads of Chevrolet Cars
We are now in a position
to supply the people of Edge
field .with Chevrolet automo
biles - immediate delivery
having just received two car
loads. If you contemplate buy
ing a car better place your or
der now while you can get
what you want. We shall be
pleased to give you a demon
The people who own Chev
relet cars and trucks can tell
you about their merit. Ask
a Chevrolet owner about their
small gasoline consumption,
their cheap upkeep and last
The Chevrolet trucks are growing in popularity among farmers. We invite
farmers and merchants to call and let us demonstrate their superior quality.
The demand is GREAT. Get a Chevrolet automobile or truck while you can
I Acme Auto Company
" 1 m"'.minni.mi.limn.?F
YOU, the buyers, are the real builders of wagons. You put
the final Okay upon the use of certain materials and con
struction when you buy a wagon containing them-and
refuse to buy a wagon that does not. We want to show you how
the Thornhill Wagon is built. Upon a plain statement of facts
we are willing to rest our case. We believe the Thornhill way
would be your way if you should build a wagon.
Rest Our Case
For spokes and axles tough second growth highland hickory i*
used For hubs and felloes thc sturdy white oak is preferred.
This wood grows upon the mountain side. The ground is hard
the climate severe. It has to fight for life. It has nearly twice
the strength-of oak and hickory that grows under softer conditions.
Outdoors under shelter it remains tor three to five years. The
sap dries in it,, giving it a strength that's kin to steel.
Full Circle Iron Trussed
Malleable Front Houri Plate
Long Wear Beds
Sola tem Can't
riana *** Turning
In turning and backing up, with the ot?i
nary circle iron, which is only a half circle,
olsters run off the end of the track and
lang. It is difficult to make short tums and
back up. The Thornhill full circle iron
gives a continuous track on which the bol
sters can turn.
The gears of Thornhill wagons stay in line f &r
1'fe. Instead of thc us ?ai front hound plate,
a hound plate of malleable hen is used. It is
a metal jacket braced at eight points that
keeps gears from ever getting out of Uni:.
On the front bolsters of Thornhill wagons '
are heavy iron plates running along: top and1
bottom-connected by. rivets that run: clear-'
through the bolster. Strength and - lightness -
are combined. Rear gears ? are strongly
ironed. There are braces on both top and
bottom that extend the full length of the
Solid trust bars extend the full length- of-the
axles giving tlicm double strength.
If you examine the beds of Thornhill'
Wagons closely you will see at once thc.
superiority of the construction. The
bottoms are re-inforccd over front and
rear bolsters. t>
Come in and examine this wagon for'
yourself. We will take pleasure and
pride in showing you a Thornhill-The
wagon made of tough highland oak and
hickory-with features all others lack.