Newspaper Page Text
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VOLUME LII, SOLBER 77 DEWBERRY, S. C? HODAY, SEPTEMBER 21), 1914. TWICE A WEEK, ILi? A TEAM.
r BANKS TO DIVIDE
, ? !
' STATE BANK EXAMINER SO URGES
MA 1)00 |
Mauldin Declares State Banks of South
Carolina Are ^Showing Splendid
T\.e State, 2Sth.
Ivy M. Mauldin, of Pickens, State )
ovQv.iinor nrepri Secretary '
UaillV tAUiUlUVM 0
CVIcAdoo to consider whether national :
banks in t'->is State with which t'ae
treasury department deposits govern- !
' ment funds may be "positively required
to divide these funds with the
Slate banks, by way of loans or other
wise, upon reasonable terms, thereby
placinrg the funds in channels through
which the .armer and manufacturer
can be readily reached/'
Mr. Mauldin informs Mr. McAdoo,
in response to an inquiry, that there
is "anything else but a hoarding of
i funds by State banks." These institu'
lions, he says, "are manifesting a
cmi in t' "io /" T* 1 C1 C '
^JUdlUlU 0'?/il it ill I"ic
^ Mr. Wauldin has telegraphed as
follows to the secretary of the treasury:
"Your wire" received. This office
will be glad to cooperate with your
department in any manner looking to
(preventing me exisung scarcity 01
money in the South, -or such scarcity
as may be threatened. I have not ,
called for a statement ifrom State .
banks since June 30, but for past two ,
months examiners from this office j
have been making examinations of j
State banks practically all over the '
auu icpviio vi e-A.ct.iii iiici
tions indicate anything else but a
'hoarding of funds by State banks.
Haye Loaned Liberally.
"Tie fact is, State banking institutions
in South Carolina have not only
loaned practically all available funds '
on hand but have borrowed heavily i
. from correspcndents in money centres
and have loaned these funds also, con- i
sequentlv they are now strenuously <
exerting themselves to get extension
of maturities on their own obligations
to New York bankers and elsewhere,>
until such time that their customers I
can obtain a fair price for the pres- |
ent cotton crop. Banks in money cen- i
tres have shown a disposition to be i
liberal respecting extension ol: ma- j
turities, and their "liberality is tem- ;
porarily relieving existing conditions, j
I feel sure that theState banks of:
Cfintn fo vrtl ?rto ora nnt linor^inof
k;vucu uax unua ux uwi uvui
funds, but most of them have gone
to the other extreme and have loaned
n-ery closely, expecting to be in posi-1
tion by this time to build up their reserves
and meet their own obligations ,
through the marketing o: the cotton :
"I respectfully suggest that, if some
(pia.ii couiu ue aeviseu, or some curec- .
iion from your authority could be indicated,
whereby national banks in
this State with wiiic^ you deposit gov
ernment funds could be positively re- 1
quired to divide these funds with the
State banks by way of loans or other- i
wise on reasonable terms, thereby '
placing the" funds in channels through
Tvhich the farmer and manufacurer
can be readily reached, the government
money will thereby speedily accomplish
t'je purpose aor which it is ;
deposited. The State banks of this
State are manifesting a splendid spirit i
in this crisis by cooperating as far as ,
zhey can with the farmers in an effort
to market the present crop gradually
and in such a way as to secure
"If your department can devise
some practical method by which government
funds under yov.r supervision
may reach the State banks in this
State. I feel uiat such funds will be
quickly distributed at reasonable rates
and in such way as to meet the legitimate
demands of business."
McAdoo to ITauldin.
Tae telegraphic message from Secretary
McAdoo to which the foregoing
dispatch is a reply was as follows:
"Reports now being received by the
comptroller of the currency from national
hanks throughout the country
indicate that a money scarcity is being
occasioned in large measure be
cause of the hoarding 0: funas oy
many national banks, which are carrying
reserves in some oases two or
three times as great as required by J
law, and also that credits are being
restricted and excessive rates of interest
are being charged to customers.
"There is at this time more cur- :
?n h o Mii'ntrv th-Ari at anv Hmp
in its previous history. There have ,
been issued through the treasury de- j
partment since August 4 more than
$300,(^)0,000 of additional national
bank currency, which, together with
the relaxation in business, should
create an abundance o. loanabl funds.
This dpartment will withdraw government
deposits from banks found ;o
be hoarding money ana cnarging excessive
rates of interest and will redeposit
them with banks w'?ose :unds
are being loaned at reasonable rates
10 meet the legitimate demands of
business anu for moving the crops.
"This department would like very
much to nave your cooperation in its
efforts to remedy these unsatisfactory
conditions and respectfully asks if it
would not be possible for you to sej
cure from all State banks and trust
companies in your State statements
which will s':.ow their cash reserves
as of a recent date, the rates of in
terest which they are charging on
existing loans and the rates w'.ncli
they are demanding :or new accommodations,
and give this department
the benefit of the information disclosed
by these reports.
"It is confidently believed that if
all banks can be persuaded to use
their resources intelligently and considerately
and at reasonable rtes of
interest o meet the legitimate de.rvionrlo
in th-oi r- pocnwtivp r>nmmnnu
IJUiaUUk? 1U V4AV*i * wv* f V W4?4*?vt?.u
ties, the whole situation can be greatly
relieved and business restored to a
satisfactory if not an entirely normal
basis. Kindly answer/'
SHORTAGE IS FOUSD
IX TELLERS ACCOUNT
E. H. Rhame, Jr., is Said to Be Short
Cnm a? 451 7M til of Ytunlr
kJU?* Vi VUAJI vvtv a Ml/ J^i?un
The State. *
(Sumter, Sept. 2Sv?Rumors that
there was a shortage in the accounts
of one of the employes of the Bank
of Sumter were confirmed today by
officers o:' the bank. E. H. Rhame,
Jr., teller, was iounu oy acooununus
making the annual aduit to L>e short
$31,759.01. His family and friends
immediately took steps that will protect
the bank fully, and the institution
will not suffer. Tne bank has a
capital of $200,000 and a surplus of
Expressions of regret are 'heard on
all sides, as (Mr. Rhame, who is only
23 years of age, was a capable and
efficient young man, well liked. His
trouty.e is looked on as tiie result of
bad judgment in business deals more
than from any intent to defraud.
The officers of the bank gave out
the following official statement:
"Ail examination of the accounts of
the Bank of Sumter' by expert ac
? - - U. ? ? A- ^ /v r. J n 1-* v?t r* rv i v>
couilianis lias uisciuseu <x snuitagc m
the accounts of the teller, whose connection
with the bank was severed
yesterday. The bank is amply protected
and will suffer no loss througa
tteis unfortunate defalcation.*' i
"The auditing company has given us
the following statement:
"'Mr. Richard I Manning, President,
The Bank of Sumter, Sumter, S. C. !
" 'Dear Sir: In the course of our.
examination of your bank at the close
of business, September 23, 1914, we
beg to advise that we have discovered
a shortage existing in the accounts of
the teller. We advise to state further
that the bank is fully protected (
against any loss ^'hich. might have resulted
from the above mentioned
shortage. This matter is one of t-ose 1
unfortunate kinds and under the circumstances
could not have been detected
only by expert bank accountants
making a thorough and detailed
audit of the bank.
(ISifrned) " 'Alonzo Richardson & '
Co., Certified Public Accountants, Atlanta.
Cabin Crozier Chapter.
Tlje Calvin Crozier Chapter U. D.
C., will meet Thursday afternoon, Oc- !
tober 1, at 4:30 o'clock with Mrs H. I
mr r< ,1
"T'ue tango certainly provides everybody
of*.. t?irrV*+ Tf a* a 11 * f rlo nna
1 1I(U 5 I JL L > v/vl UVJiX L UU.
it, you can at least abuse it."
ARRESTED I> GREENVILLE
.1. >Y. Lanford and W. B? Harrison
Charged With Misappropriating
Greenville Peidmont ,24th.
On a warrant charging him with \
the embezzlement of $3,">00 while
president of the Dillon Cotton Mills,
Dillon, S. C.. .1. W. Lanford was ar- 1
rested this morning at the Norwood
National bank, where be has been
Y\] rtVArl C ^ C\ tllim 1\QCt *A Q
ClilJS *-"U 1 \^1 OUiilV, UlliV j/vttji v?^
bookkeeper. W. B. Harrison of this
city, who was employed as secretary'
at the Dillon .Mills during' Lanford's
administration as president, was apprehended
this afternoon on a similar
charge. He at once began arrangement
to secure bond.
Sheriff S. V. L:ine, of Dillon, accompanied
by Sheriff Hendrix Rector
orvoetod T.onfnrrl whilo hp Was; it vVnrk
Ui i 1 aunui u " .? V .? v*.v ?.% v -w--in
? .e bank this morning. He was
carrier before Magistrate Stradlev
where iie was-released on bond in the
sum of $4,00o. signed by J. \Y. Norwood
president of the Norwood national
bank. Security was obtained for
Lanford's appearance at the Dillon
court of general sessions.
>ot Located at First
While Lanford was in custody or
Sheriff Lane, Sheriff Rector in his
automobile hurried to B. Harrison's
home on Garlington street, i
The officer was met at the front door '
by Mrs. Harrison wjio informed him !
that her husband had just left the
house. The sheriff with the engine
still running whirled his automobile !
around in an effort to overtake Harrison.
He was not located at that |
Harrison, it is understood, was
working in Greenville for an insurance
company, the name of which |
was not ascertained. He is well <
known in this cit?, having lived here]
for the most~T)art o: his life and also
has a large family connection throughout
Mills Investigate Action.
ine varranis were uisugauiu uy
t.:e Dillon (Cotton Mills and sworn
before Magistrate L. B. Haselden of
Dillon county. The warrant for Harrison
alleges that, "at different
times during the years o: 1913 and
1914, W. B. Harrison did while acting
in . the capacity of secretary of
thp "Dillon Cotton Mills convert
monies to the amount of $3,500, belorging
to said mills, to his own use,
which monies were intrusted to his*
care and keeping wfcile acting in the
said capacity of secretary of said
mills against the form and effect o-i
section 534 of LLe code 191? of the
laws of the State fj? South Carolina
and against the peace and dignity of
t'..e State, and that the deponent with
W. D. Martin are witnesses for the
Harrison was arrested this after- j
noon by Sheriff Rector shortly after j
2 o'clock He was apprehended at j
Viic linmo Tn tlio r>n?tnrJv nf nffirMdlc 1
'he was taken to the court house
where he is making an effort to arrange
for his release on bond. He
said that he had no intention to
evade Sheriff Rector when he le.t
his house this morning.
D/\4V? o n .T O r* o m
JL>v/ ull iiaillOVUL CLI1U u aic I
young married: men and have many
friends in Greenville.
Lanford was formerly a member
of the firm of Seyfot-Lanford, which
dissolved partnership several years
BAIL FOR HARRISON
Greenville Man is Released From Custody.
Greenville, Sept. 25.?W. B. Harrison,
who with J. W. Lanford was
arrested here Thursday charged with ;
misappropriating certain funds belong- |
ing to the Dillon cotton mills, was re- j
lftnr.A<3 ? ? /3 ^ 4 AAli Tvrvn fTiic* (J ft nr_ '
icaacu uuuci S>~z> vw u-v^ixu. luio ui.n.i
noon. The signers of Che "bond were !
B. E. Geer, C. E. Gresham, M. L. Don- j
aldson and Harry Warr. Lanford was !
released immediately after being ar- ,
rested Thursday morning, J. W. Nor- :
wood signing his 'bond, $4,000.
The accusation against these two
young men is that during the year j
'1912-13 the ymisapplied or diverted
to their own uses the sum of $3,500
belonging to the Dillon mills. At that
time Lanford was president a.nd Har- .
GREAT GERMAN ARMY
IS HI RLED FORWARD
French Believe Operations Are by
Ilifrh Command?Attempt at Lines
is Fierce Movement.
Th^ State, 28th.
For three days without cessation j
r* /-v o ? O nora ViiiT-1/irl t'hoir niSSCCS !
UIC Vjrci lwano uci ? t iiunvu vuvn j
against t ie French and English along j
the entire front in northern France, j
The French official view is that these c
operations, the fiercest that yet have j
taken place, are by high command, ,
meaning possibly direct instructions
from the emperor himsel'.
The purpose has -been to break
I:rough the allied line, but both i
French and British official reports say !
they Jiave failed. From Paris it is
announced that not only have the j
Germans been unable to acheive their
object, but they have lost a flag, guns I
and men in the attempt.
The British, as usual, are laconic, j
"The situation is satisfactory." the re- '
port reads, "and the counterattacks j
or1 the British front iave been beaten I
hack with heavy losses to the enemy."
The bayonet has played an important
part in these engagements, where
men in the trenches on the one side
or t'.ie other, only a few hundred yards
apart, come to grips with steel after
the positions, have "been shelled and
racked wit'a rifle fire.
iThe French claim appreciable
progress on the left wing and a decisive
victory over the famous Prussian
Guard in the centre. Of the
Woevre district, where the Germans
t / _ _
have made gains in the last two or
three days, little is said. One of the
remarkable things in this great battle,
which has entered upon its 36t>h day,
is the spirit maintained by the troops.
British, French and Germans have
withstood the most terrific shelling
the world has known, in an almost
constant rain of rifle "bullets and
hand-to-hand encounters with gun
and bayonet, hut all reports agree that
they are fighting with t:iie same determination
and tenacity as in the beginning
and that even the commanders
in some cases are having difficulty
in holding their men back.
TVirt /InT-mDn oronorol staff hv WAV I
1 lie UC1 lllUii wvw%**, .. I
of Berlin, reports that the allies are
using their railroads in a general .attack
on the extreme end of the right
fiank of the German army. The general
staff also reports slight gains on
t.:e centre of the battle front and an
engagement with artillery south %o*
(The German casualty list, as officially
reported from Berlin numbers
104,5S9 up to date, of whom 15,674
are dead, 6"),907 wounded and 23,007
In the Far East, according to Japanese
reports, the Japanese have defeated
the Germans on the outskirts
o^Tsing Tau, capital of the German
protectorate of Kia Chow. The battle
'lasted 14 hours. The losses so far
as known were sma!'..
German Zeppelins have dropped
bombs on Belgin towns, a German
aeroplane has paid another visit to ;
Paris, dropping explosives in its fight,
while a .Zeppelin also has appeared
above the city of Warsaw.
THe German emperor is reporieu j
suffering from inflammation o: the J
lungs. Only a day or two ago his j
fifth son, Prince Oscar, was obliged
to withdraw from his regiment and is
''being treated for heart affection, the
result of everexeration. The emperor's
youngest son, Prince Joachim, has
just recovered from a bullet wound.
From Petrograd comes an official
statement from the Russian general
staff that German attempts in Russian
Poland have been repulsed and that
the Germans are in retreat
rison secretary of the mills.
The arrest of these two men caused
much surprise here, wOere each bears
a good reputation. Lanford is an employe
of the Norwood National bank,
while Harrison worked for an insurance
company. Both men are married
and with the exception of the time
spent in Dillon have lived many years
in Greenville. Harrison has been
prominent here in church work in
years past. He is a singer and was
often called up to assist local choirs.
[Neither o? the accused men has j
commented for publication upon the
arrest. Sheriff Lane of Dillon came to
Greenville and with Sheriff Rector
made the arrest.
EVENTS IN PROSPERITY
LUTHERAN YOUNG PEOPLE CONVENTION
School Improvement Association Officers
Special to The Herald and News.
Prosperity, Sept. 28.?An announcement
received here this week that will
be read with interest and that will
bring :orth cordial congratulations is
t ie engagement of Miss Lena Ridgell
Lester to Jack Wilton Bryant, of Charlesron.
The wedding is to take place
Mrs. Karl Markt, of Atlanta, is the
guest ol' Miss Gertrude Eobb.
Mr. and Mrs. G. W. Still, of Leesville.
and Miss Nannie Wheeler, of
Summerland college, motored over in j
Mr. 'Steel's ear and spent the day !
Mrs. D. E. Ridrell and little daughter
visted 'Miss Annie Mae Bedenbaugh,
of Kibler's Bridge, last week.
Mr. Cli:ton Kreps, of Columbia, was
a business visitor to our town last
Miss Susie Langford nas as her
guest Miss Suda Mae -Boulware, of
Miss Gertrude Simpson has gone
north for several months' stay.
Mrs. J. B. Bedenbaugh and little
dau^-ter will return to her home in
Mr. and Mrs. Roy Kohn and the latter's
mother, Mrs. Ballentine, of Co- i
Inm'Kia ore? visitinp- TVTrs S .T_ Kohn.
Miss Blanch Kibler and,little 'Misses j
Julia and Rosalyn Quattlebaum spent
the week-end in Columbia.
Mr. C. G. Wvche has returned tp i
Mr. and Mrs. Marshall Garrett, of
Newberry, spent Sunday with Mr. and
Mrs. D. J. Taylor.
Mrs. Jno. Grout, of Andrews, is ,
spending awhile with her parents,
Mr. and Mrs. W. T. Gibson.
Mrs. C. T. Wyclie and daughters,
Misses Isoyine and Cairo, speni Monday
Mrs. L. W. Harmon and Miss Mary i
Lizzie Wise were in Columbia Thursday
night for "O.i! Oh! Delpliine."
Mr. Jack Bryant, o? Charleston,
spent Sunday with friends. ,
'Messrs. H.VJ. Rawl and A. H. Hawkins
have returned from a business
+/-v Ofll irmlHlO
LI 1 p IU V^Uiumwiu.
Mrs. Sudie Beacham left Monday for
her home in Atlanta, after a visit to
Miss Edna Fellers. ?
The School Improvement association j
had rheir anniversary meeting on Fri- j
day afternoon. After the splendid [
programme was rendered the following
officers were elected for the en- j
President?Miss Susie Lang'ord; !
Vice President?Mrs. J. S. Wheeler;
Secretary?-Miss Gertrude Bobb; j
Treasured?iMrs. J. P. Wheeler.
'At the Young People's meeting on '
Friday evening tfce officers elected for ;
the following year are:
President?-Miss Wiiiie -Mae wise;
Vice President?Mr. J. B. Ballentine;
Correspondent Secretary?Mrs. Carrie
McWater; Recording Secretary?Miss
Mary Lizzie Wise; Treasurer?Miss
;The W. C. T. U. meets Tuesday afternoon
at 4:30 with Mrs. B. B. Schumpert.
The town of Prosperity is looking
forward with much pleasure to the
fv->nT-+Vi -annua/1 vpntinn rxf thA Pfd- I
eration of Lutheran Young People's
societies of the South Carolina synod
whid-i will be held in Grace church
Friday, 8 p. m.,devotional service;
music, Prosperity choir; address of
"welcome, ;\irs. j.u'.urowne; response,
D. E. Efird; music; greetings from
Woman's convention, Mrs. M. 0. J.
Kreps; greeting from synod, Rev. P.
E. Monroe; reception.
Saturday, 10 a. m., devotionai service:
Dresident's report; report from
Saturday, 3 p. ni., devotional service;
round ta.ble, Dr. E. JC. Cronk.
Saturday, 8 p. m., duet Misses Caro
and Ruth Efird; devotional service; i
address, Rev. R. C. Holland, D. D.;
music, Prosperity choir; address, Rev.
C. L. Miller, benediction.
Sunday 11 a. m., music, Prosperity
choir; devotional service; addresses,
Rev. and Mrs. C. K. Lippard, duet, Miss
E. Hipp, Dr. J. B. Setzler; benediction.
Sunday, 3 p. m., "Our Missionary
Opportunities,"; quartette, Newberry
college; "Missions in Japan" Mrs.
I^ottie Wyche; "Echoes" from Miss
Bowers; (a) "Language," E. H. Seckinger;
(b) '^Customs," F. B. Ballentine;
Miss Ruth Loner: Cd)
Victories, Miss Elizabeth Hawkins;
duet Misses Efird; "Our Apportunities
in Mississippi, J. A. Shealy; "Message
(From Mississippi" (a) Jackson, C.
P. Barre; (b) Beth Eden, G. H. Ballentine;
(c) Goodman, Miss Ruby
Goggans; (d) Smith and Sco'.t coun
ties, W. X. Willis; (e) rCew Hope,
Miss Etliel Eleazer; (if) Durant, Miss
Sunday. 8 p. m., duet, Miss Hipp, Dr.
Sotzler; devotional service; address,
Rev. J. C. Seegers, D. D.; quartette,
Vpwliprrv pnllpprp* hpripriictirm
CUSTODY OF CHILD
The Supreme Court Ileverses Decision
of the Circuit Court.
News and Courier.
Columbia, Sept. 25.?Julian Hartley, ~~
9 years of age, has been awarded to
the custody of his father, L. B. Hartley,
byt the supreme court in a decision
bv Chief Justice Eugene B.
Gary, which reversed the decision of
the court in awarding the child to his
grandfather, A. H. Blease, of Batesburg.
The case is entitled L. B. Hartley,
petitioner, vs Lelia Blease, alias Leila
Hartley, and A. H. Blease.
It is set forth in the record in this .
case that L. B. Hartley is the father of
the infant. Julian Hartley, and
that Mrs. Leila Blease, formerly Mrs.
Lelia Hartley, is Lis mother. That
nine years ago Mr. and Mrs-. Hartley
separated and on February 23,
1912, Judge W. F. Eve, of the Richmond
county, Georgia, court, awarded
the custody of the infant, Julian Hartley,
to his father, L. B. Hartley.
Subsequently on September 11, 1912,
records introduced in the case set
forth that L. B. Hartley and his wife,
Leila Hartley, were divorced, the divorce
having been granted in Alabama.
Hartley In his petition to the court,
says that be took his son to liv? with
him at Samson, Ala Th.it on or about
November 24, 1913, thp beys mothc-r,
the former Mrs. L. B. Hartley, who?
had resumed her maiden name of
Leila Blease appeared in Aal'bama near
the child's home, went to the school
where the caild was and taking him in
a machine returned to (her home at
Batesiburg, in this State.
MUSTER OUT FIVE COMPANIES
Mease Signs Order Affecting Deficient
Commands?Endorsed by War ->
News ?nd Courier.
Columbia, Sept. 25.?The military
companies at Liberty Hill, Barnwell,
Conway, Walterboro and the coast
artillery reserves are to be mustered
out of the rervice of the National
Guard of this State nn;l disoanded orders
to this effect ha ring been signed,
late this afternoon by Governor Bleasa.
These companies were found deficient
at the annual inspections and recommended
to be mustered out of service
by the war department several months
ago. All fedora! aid has already been,?
withdrawn form their
The issuing of this order tfois after
neon recalls tne controversy oeiween
the war ^department and Governor
Blease over his refusal to muster out
certain companies found deficient.
It is expected that the mustering out
of these companies is only the beginning
of the plan to build up the effi
cieucy of tiie national liuara. Aaju
Gen. W. W. Woore has been in accord
with the policy of keeping the militia '
up to a state of efficiency, and his efforts
have been approved by the war
All federal ai*l was witfadrawn from
thp militia r%f Smith Carolina several
months ago. /
Parpose of Pyramids.
"It is thought that the pyramids were
built for the sake o: giving employment
to a large number of people."
"Of course," replied the vivacious^
^ A riTf'Vvyv^T* r?An1/l <vii An?
IV punitive gill. AUJ lAAl^ VU'ltU .uwo
that. Look at all the guides wao depend
on them for a living.''