Newspaper Page Text
t ffl Section One
Pages I.to 16CPEEAAJJ2,
~VOL. XL MANNING,.S. C., WEDNESDAY, AUGUST 25, 1920 N.3
MAY LOSE HEAYILY
Fifty Cents on Dollar Expected to Be
LIABILITIES ARtE $7,000,000
Defendant Smiles at Query Regarding
International Postal Coupons
Boston, Aug. 24.-A payment of less
than fifty cents on the dollar to the
creditors of Charles Ponzi's quick
rich scheme, if oflicial estimates of his
liabilities are correct was indicated
by his statement of assets at the re
ceiver's hearing today. Assuring the
federal receivers that he had dis
closed all he knew Ponzi told of as
sets which Robert G. Dodgr, counsel
for the receivers, declared were "not
ivorth anywheer near $3,000,000." The
official , estimate of his li- bilities,
made after an audit of his accouiits,
stands at $7,000,00. l'onzi said he
thought this was in error. lie elpimed
that he was solvent and had nea1ly
four mililons of asset-s to meet his
liabilities, which le set at three mil
lions. The hearing was stormy at
times. Daniel 11. Coakley, counsel for
Ponzi, surrendered to the receivers to
assist in meeting creditor(s' ektims
checls for $25,000 each, which ha
been given to him and to Daniel V
IMlcIsaae., associate counsel, as retnin -
ing fees. lie snid .th-it when he tool
the mo1-onaey he thoug-ht l',onzi was a
millionaire, but that now he wante
everythink to go to the creditors.
Tells of Many I.oans.
1, :: "e Jf '8:2,00 earil
to Henry Ohmi l:i. pre-sidentl, :in4
Wiliam S. .'.l Nx 'y, tr urer of th,
lanove Tru!.t ('omny,~i which w%,a
Ponizi's prinlcipal1 deipwsitor-y :1111 wh1iel
went to !he wall \\th1 his colh!n e
His a'noo1-e1on4 that he h:! loan
1 ':1M a . I l4 1 . '11 j :l l'4
,onx id - -:t'1i n l tur ont f a
Ponzi :: 4l 1he h 4m .el 140: ,I
*1 i hun r4 o l s b ln elgi 44
1ice (if Si - , . I' t . i: \. '.-t
utenant 41 lice of Someroville.
Showin- P nsi .eabs fr six chec
l l e , Ponl zi 14 ie'! Oh l 114 1
withdraw.vn the mmlv hin:4ir 4 4r
vont :,! hnri ,o:m
it :'Jor It' h
Ponizi mliled wheni hI, :auweno' 1
4* 0 .'.NT ' N
'I havf r< I~n I '
1 8 . / i 0 (- w . . ll l111
Voters of Clarendon and surround
ing precincts gathered in the grove of
Mrs. S. E. Curtis on last Tuesday to
hear the candidates for the county of
fices. The usual good feeling prevail
ed and the (lay passed off quietly. The
ladies of the MethodiSt church surved
a splkndid dinner of barbecue, fried
chicken etc., and a good sum was
realized for the church building fund.
Mr. Louis Weinberg, Jr., has resign
ed his position hrcne as iailroad agent,
and left last Friday to take a business
eourse at Draughon's Columbia.
Mr. O'Donnell McLeod, and Miss
Jessie. Ardis of 1hiewod were married
last week in Sumter. 'hey are mak
ing their home wit.ih hj-, mother, 'Mrs.
Mary A. McLeod.
Mrs. Wade Cox ard little (laughter
of Florence are visiting relatives here.
Miss Cleo Phillips of Mt. Pleasant is
visiting at the homc rf Mr. \V. R. Ale
Miss Lucile E cg.na Flenton- re
cently visited 't th ''e of her sis
ter, Mrs. W. C. P
liss Whi 'ic t ofG came
Sattirday to ' I d. -<ys with
her sis'.er, lh : a 1 .
i\Ir% 1. . Wd little
<Ial-hr ('\n l ef-it onl Sunday
for v~ wih mse~ utShakron,
Alrs. S!mid I : children
have hot-n on a vi tk her brother,
Mr. C. H!. Brodway. -:- urning to her
hotye at Had -(.-:. . last i.
A.lT. R-:an A - ent to vil
mington aauchase fall
n'ookfu '!Way aild
Kdtor. of Thew
I Shall be gh. u publisI
I l v I *. L: . *
I he b t br. Jul
- H i u'UIIto rais
a n- i -I 0' hpI de
y th ' Nationa
olotrl iR gi
h) It 1'I
I I ' jo t
1 . 1
(.D d o n ., .-, -i
I . o n . .'Iymo . a r
i obb. . .i.
TO BUILD B]
Four Counties Unite in Bi
For Gateway I
A large and enthusiastic Crowd
gatherel at the school house in Sum- I
merton Friday morning at 12 o'clock t
to discuss the question of building a r
birdge over the Santee river. The c
question was thoroughly discussedi and I
voted upon, It being Unanimously de- r
c' '.l to buill a permanent bridg. :
coing $1,000,000 at a point ten miles i
from Summierton known as Pinckn ey's I
Th ineeting was Called to order byA
Mayor W. Dukes Carson of Summer.
ton who cordially welcomed the visi
tors. .\layor L. D. Jennings of Sum- I
ter was asket I to preside :mnd he pie-!
senited briefly% the finestion of' bridt1ing
the Sntee, the value to this colunmtn -
ity and the aidvantages to Clarendlon I
coun ity inl partienlar.
Irvivne V. lBelser Esq. of Columbia, in
a few reioirks stated the object of
the meetiii , au iol whether the bridge.
should be built with aln ioproriatlin
iroul th' .t e or with subscrihe I
tock. .\laIyol .T enn iln pr iSieeWnted (,ov
11101r Cooner, wVho spoke of the pa11n
lil! purpost' of' the state withi refer
enee to trangar::tion facilities pin t'
ing- out that tie Santee is a hl-rier
to, eleral irroveni t. :nul that the
brithin.; Sante wold be worth
The utltnv I wI ih cost. lIe tohl of
th spht it hbehw in the New ni I
h in SI stt :1: of the numi1ibel of
il t o I itlspl I
tion or Ltit l itis hecause it co l I
Ie ;rantprtl in tis way cleialper
taol n4r' .. . : l thai over t le r l
\orth1 Ali Co.st.
. iitl'..u us a ii b t
a bri le mtet. th(I Saitce would Ie to,
theintert.e -f Ibis counts aini df
I h i oia tl h
\ I v. I ; -
- 1it 1,
g Project-Pledge Large
riding Selected as Site
Ato Pee Dee.
tahe highway department.
t. B. Belser Es(i., Sumtcr pointed out
hat the natural advantage of Pinek
ey's Lianding Woul make tle bridge
ost less. lie also pledged the sup-i
10r-t of Sumiter counity. There were
r1011d 90,000 :1 utomobiles in th. state
ld with approximately 100,000 cross
ngs of the Santee bridIeg a yea1r would
let $)50,000 or Iiore a year 1ipn1me.
('harl ton DubiRani, 1E<., .\l an nimig s aid
he building of thie bridge woul be at
tre:at thing tor the commmnity anl
ounty and cited thie recent , chiool im
>rovenit'1t which Woul be io V
)Y thet 1:1-eent romd sit'llation.
C. 1". Sprott of .lanniing- s:id hewa1
tr-om r!y inl favor o)f b)u ibIdin I th.0
'idi. . C. i. lavis of' Stonnur t1i
itrongly inlorsod the pln. lr. hirk
'.'1 o ()1* O ang' bllrg' fv o r- Ohw I..(
lOse'd paill andl eXperts it Io niel
elitetinisiam inl Ongtur wvh(I.
I titnt : ill I(. h ( .1 un0 i aY
'- Ito. All. th 0l1 o it - C;-u
he1 resofdlt ion that a brlial4 hIb( i
te'i ii : im 1 a t i , I
- I t -n u 1
S:1rb I ii ro
t th I n ting tolay:
. .\ .r b i S I nrtI
. I I . t "ill
l ! i
GROUPS M EETING
An "4all-day Missionary ( Gro
Meeting" composed of the followingt
viSitrs: "lanning, Suminerton, Pilne
Aood, Paxville, Andrews Chapel. Os
wego, anwl Siuter will be held at An
drews Chanel church, on next Fridhy,
Augnust 27th. An interesting program
h been arrangeld. The presenece of
Mes mnes G. E. Edwards, and W. L.
aze. and iossibly Miss Bouchel, a
deacones. insures a profitable day.
Evervybodv at.tending is asked to brine'
alonr a fin-er lunch. All are invited
to this meeting irrespr-etivo of 1jenomi
ination. The program vill begin at
11I-o'clock and is as follows:
Soll Service con(lducted by Mrs. G
Ievotional service. Mrs. W. L. Glaze.
News from Sunter 1)istrict, by the
IDistrief 'Iev rvtary.I
w)'1l So. Mrs. C. N. Sprott.
Sublicit, Mission Study :11d or
'atniiza' 'inn of :1 Mission Stiuldy Css.
nI i't iue Tor.
.iss:ionarv I)inIonstrat ion condit -
od Iv -Mrsln. F. S. Geddimes".S
\'clin Solo. \iss Vivian Curtis.
a llo-", 'T:. G. E. EdIw:ards.
I.' 'h ho ur uilne' whichh rs. Ed
wrswl! inik on 1lunainschol
I Iv'i iona L.
!itcb' Que'v Rvesolvd cI . Ihat
m ' op], - 1:l have !s : ".eIt :I a -
r'ena idb,;& inl A merien.
. \r-. ( . Snrot I. *\li
Ftblo! (wh . W , Edith Gri)l.
Mi E 1 he lA'donN a
Jim e t cio( clilt re et 1.h
1'. will''ml'-v M
J'ANDIDATES FOR U. S.
SENATE AND CONGRESS
SPEAK IN MA"
An unusually large crowd gretted
he campaigin speakers here Tueslay
norning. A circus being in towt
h'ew nny people from all sections
>f the coulty Who also took aivantage
>f hearingv the campaign speakers. The
tat tingo, Was held on the Court lHo use
awn. t platform having been erected
or t he occasion.
(u it )emocratic Chairmatn. S
)livr ('Bryn resided at the met0
4 aind initroduced the e-unwlidahie.
Thev flrst speaker. was Mlr. l'olb~ek,
'aoiae for the 17Inited states F n
too, who itatd that he wa-i titn stral'
r. ill politics ha\in bonee a cantditiate
lot the 'ited States 1enat si: years
ol (, oin."that at this timeo I I.
.ivf'd ml o applau1s-i ml( b-ss Notes
han any nmn in th race." lit 1)r i1!
hoe D I )im nrtc weadii.-tArat ionl for its
hletomplishments. also the 1-'tiiirai Re
erve act :15 being binelicial t6 f
n initets. :ui adetd the 1 i -
ra ie pl t mi n t I111 otit ti
r:I pl t I I i l it , e It i I o v
adopio a41 t11 ho Sanl l'ranlcisclo ( '(wn i
I iI i n f~ ' t ion
'S, li l'w 1). Smith, s rossed :;
Sm I l tI e t r I n i r t a d sI .
p h hih ribt to hi.,i m tei t nd
t n ii ht inst titu t#.\ in
h In favor of \7
f t t i