Newspaper Page Text
This is the uppt
gone thoroughly int
more convinced we
make their 1921 crc
shel or per pound cc
we must sell at a pr
This is no time
or to experiment wi
tion of cot
fARM[R 8HOLD WEIGH N[[DS
IN USING BORROWED CAPITAI
Huiying Luxuries or Goods That Wdi
Barn Nothing Violates importan
inporlant l'rinciple of Good Busi
ness- F i ve Rles for 11Guid i im
Borrowers in .aking Loans.
Creiit is always a good thing t<
have, and under certain enoditions .
verly gooid Lbhing to use4, but. just nowi
seems5 in most casesS to be i much miU~
des'ir'able( toi ha ve it thhn t acually t
ust- it. TIhe' United States D~epar't
mient of A gicuILturec warns ffrmer:
Itat the' pre'sen t is a particulari ly uin
favorable time to borrow for any pur
pose that doies nott proise inaturali.1
to inIcrease5 the prtoducttiveness5 of th<
lfarmi enterprise. Tbhis u aplies( par
tieularly lto long- tim loans(~i1. Iteries
.JNo. G;. DINKINS
MA NNING, s. C.
D IuRANT & ELLERBJE
* Attorneys at Law
MA NNING.. S. C.
R. 0. Purdy. S. Oliver O'Bryar
PURD)Y & O'BRYAN
Attorneys and CJounselors at Law.
MANNING, S. C.
[FR El) I.ESESNE
Atten aey at Law
MANNING. S. C.
Loanihs Negot iated' on Real Es~tate
MONEY TO IOAN
On Real Esate--Small and Larg
Loans. Long Terms.
J1. W. WIDEMAN
I MANNING. S.C.
H1. C. CULRTIS,
MANi'eiNG, S. C.
WEINBERG & STUKES
J. A. Weinberg Taylor H. Stuke
MANNING, S. C.
5 the foll<
We Can't A
at its present high prices ,can
-rmost fertilizer questidn in I
sections of the South. ThE
o this question from every ar
are that our farmers can't
ps. The per acre cost will
'st will be reduced, and it is I
to plunge on fertilizer in ord
th new mixtures. Use safe ai
ily in re-publishii
nature in the sa:
good axe, so wh
ie an exchange p:
apest fertilizer a:
You cannot aft
.ments until you
ting and prop
ton under boll
rates are at present considerabii
above normal, andi the payment o
these rates is in itself a heavy bur
denl to assumine.
W'hen to liorrow
It is furthermore pointed out that
I while at the beginning or eariy in thc
progress of a period of rising prices it
is generally highly profitable to bor
row for productive purposes, the cat
is quite difterent in time of fallinp
prices. When prices go up1) the 'alu1
of money goes down, and a debt con.
tracted on a low market can be settle<
on a high market with money repre.
senting correspondingly less labor am
smialleir quantities of prodlucts per dol.
lar. TIhus, with rising prtices all loam
that would he safe on a steady mar.
ket standl to yield ha ndsome pirofits
-In a pieriod of peak prices, however
-or of fall ng prices, such as fa rmers
are facing ntow, the shoe is on th<
other foot. A t such a time it is ad.
vi sable to use great caution in bor
rowing sice there is a probabilIity o1
having to pay back the loan in dearei
dollIars than t hose obt i ned from th<
For those wh'lo findl that they must
borro11w at this t ime* in order to a veri
dIisasteri, or are so situa ted that by
reasonabile amount ot adlditional capl
it al they can naturialIly increase thei
carinings, thbe Office of l'arm Manage
mient and lFarm Eonomics offers cer
tain simple rules to be kept ini indi.
Teiir1st an mtl tost im poitanlt runO
is that oinly as much money be borrow
edI as can lie putt to a decidedly ptrod~uc
tive use X With the rate of in teres
high andl prices fallinig, only ant im
potan it use5 of borrowed capital i:
likely t) miak( a oant prove poftit.
ablle ort evenl a sa fe ventutre for th<
b lorroweri. 'The hiorrowinig of money
for the& purchtase .tf poe mtachinery
fotr exampi Ile, c'an lhe justiflied und~el
l~~preset codiitiotns (only where faint
ing is donie oin a coinsidele')( seaht
andl where sucht matchiiery cin b<
uisedl a conisidlerable number of days
du tring the year to save t ime and labo1
nieedled (else'whe re on the farm.
'Te secondt~ rule to lbe considered( b:
the far mer concernis the time wVheA
the loani shall lbe reitaid. If he bor
rows,' moniey to puri chamse fertilizer anm
a griees to repay it before at crop i
harivested andti sohl, he may have d if
ficult y in discharging the debt. If he
a aranges, howevera, to ptay af ter th'
b~orrowed fertilI iet has brouigh t re
turn~is, ho will be relieved (If thte pts
si ble e'mbaurrassment of asking for
recnwval o (f the note .d1 1te resultan
injury to his credlit.
The th irdi contsidler-titin is clIosel;
reb Ated to theo second, and has lo1 d'
.witht the duraltion (If the loIani. Geni
erally speak ing, the length oif time th
dlebt is alowed to inn should he closi
Money back without questlort
If HUNT'S Salvo faiis in thi
- ' treatment of ITCH. ECZEMA
a alNOWORM, TEiTTER o
eT 5chng skin dtouisj
Lfford Not to
we afford to use it this year?
he minds of the farmers in
Progressive Farmer has
Lgle, and the deeper we go the
.ford not to use fertilizer to
be increased, but the per bu
,he bushels and pounds that
er to get phenomenal yields,
mounts of the kinds of fertili
ig this article ar
me publication, v
y not grind it ?
roposition on cott
nd the best value
ord to dispose of
have taken this i
ly related to tihe productive life of
the farm implement or improvement
for which the money is employed. If
the money is to build at silo that will
last 10 years, the loan should not run
imore than 10 years, because, if a silo
Cn not pay for itself in its own life
tine it is plain that it would be folly
to borrow to build it. On the other
hand, such a loan should run long
enough to give the farmer a good
chance to meet it when (ue.
Provision should be made in a long
time loan for the gradual reduction of
the principal. This can be done by
Iwordcling the note so that a part of the
principal can be paidl on any interest
date, or by providing for a definiite an..
nual or semi'annu:'l payment, covering
the interest dueo and al lowi ng a gr'ad-.
unhly increasing amount to be paid
against thi? principal. Each of these
me'thods5 preparecs f'or the payment of
the interest as it ('omes (lue and auto
matical ly disposes of the principal in
a stated time.
Ona $1 ,000 loan to, run for I5 years
at 5 per' cenit interest, the f'armeir
couildi iarange a total annual paymenlt
of $100. Of. hiis first $1010 paynment,
$51) wonuld settle the intIerest and leave
$50 to be pa id agacinst the pirinci pal.
The ntext year' intei 'st coulId be chareg
ed for only $950, lhe amount of the
red ucedi Princi pal, a''d his annual pay
ment would be divided into $47.50 to
carie for the interecst, and $52.50) to
be a pp:eo on the princi pal. 1y Iihis
met hod the d''bt end its interis aie
gradliIly redlucedl until in the 14th
ye'ar $5.72 would he paidl as interest
on a principal nmonunt ing to only
$1114.1. Theli next yeari the horr<.cwer
wonl mak Ie a total pay ment of $21 .07,
$1 for in terest ebcarges and .$20.07 to
pay off the last of the' dlebt itself.
STATE OF" SOUTII CAlHOI,1NA.,
C onunty of Clareiidon.
COUlRT OF" COMMON PILEAS
COPY SUMMONs F"Ol RIIEFI.
1H. E. McFaddlin, Plaintiff',
Samuiel 1). llamipton andii Garf ield
-lO TI'lE A hOVE NAMIEl) D)EIEN
YOU AlRE IIElREIY SUJMMON
- ED) anid r'efuiired to) ianswer' the comn
- plaint in thiis action, of wvhich a copy
1 is herewith served upon you, and to
t sei've a copy of your answer to the.
said compl a intI on the subscriber;'
/' ui Hant & El lei'be, at theiir 'filce, in
Manning, South Carolina, wvithin
- twenty days a fteor the service hereof,
exclusive of the dlay of such serv ice;
- nd it' you fail to answeru the complia it
with in the time a foi'esaid, the plain
tiff in this act ion will appily to the
Conuit foi' the relie'f de manded in the
You wvil further talte notice that,
the Complaint ini this action was filed
in the ofluce of the Clerk of Court for
Clarendon County, S. C., on the 26th
dh.y of .Januaiy, 1921.
D)uItacnt & Ellerbe.
tMER. in last week's issue
the Fertilizer Siuation:
Use Fertilizer This Year.
zer that El.ve given paying results on your types of soil. Not only should the
farmers who have heretofore used fertilizer continue the conservative use of
it, but there are farmers in every community who have depended solely on
their own efforts and the original plant foods in poor soil to make their crops,
who should now supplement these things with added plant food, at least on a
,few acres, and get away from unprofitably low yields.
We cannot afford to farm at a loss again this year, and yields of 15 to 20
bushels of corn or a fourth to a third of a bale of cotton an acre will not pay for
the labor, seed, and use of tfie land and leave a profit. It is essential, then,
that our yields be raised well above the average, and the only practicable
means of doing this for this year is with fertilizer wisely used.
d calling your attention to others of a
ve have our own axe to grind, but we
>n seed for fertilizer that gives the farmer
f6r his seed that can be obtained any
your seed or complete your fertilizer
natter up with us.
are absolute essentials in the produc
mns. The time is short. Better act today
OIL MIL L.
ESTABLISHED 1914 ESTABLISHED 1914
Our Hobby, "Old Clothes Made New."
Cleaning, Pressing, Dyeing,
All kinds of Laundry. "We Knock the Spots Out of Clothes"
Men's Suits Sponged and Pressed, from 50c to ----------------------35c
Men's Suits Cleaned and Pressed from $1.50 to $2.00 to ----------------$1.25
Men's Overcoats Sponged and Pressed from 75c to --._....- 50c
Men's Overcoats Cleaned and Pressed from $2.00 to -----------------$1.25
Boys' Suits Sponged and Pressed from 35c to -----------------------25c
Boys' Suits Cleaned and Pressed from $1.00 to ------------------------ 50c
Boys' Overcoats Cleaned and Pressed from $1.25 to ------------------75c
Ties Reshaped from 10c to .....----------5c
Ladies' Cat Suits Sponged and Pressed from 75c to $1.00 to ----------- 50c
According to style
Ladies Coat Suits Cleaned and Pressed from $1.50 to $2.00 to ---$1.25 to $1.50
According to style
Ladies' I)resses Sponged and Pressed from $1.00 to ------------50c to 75c
According to style
Ladies' Dresses Cleaned and Pressed from $1.50 to $3.00 to --.$1.25 to $2.00
According to style
Ladies' Coats Sponged and Pressed from $1.00 to --------------- --50c
Ladies 'Coats Cleaned and Pressed frorn$2.00 to ---------.-----------$1.25
Ladies' Skirts Plain, Sponged and Pressed from 35c to -----------------25c
Ladies' Skirts Plaited Sponged and Pressed from 50c to --------------- 35c
Ladies' Skirts, any style Cleaned and Prsessed from $1.00 to -------------75c
Middy Suits, Sponged and Pressed from 75e to ......_...-------------50c
Middy Suits, Cleaned and pressed from $2.00 to ---------------------$1.25
Suits of Children's Clothes Sponged and Pressed or Cleaned and Pressed
according to size and condition.
FRENCH DRY CLEANING CO.,
MANNING, S. C.
Agents for "Footers Dye Works." All Work Guaranteed.
One Door Below Post Office. Telephone 142