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VOLUMEW XXXII. LAURENS, SOUTH CAROLINA, WEDNESDAY,-=- JAUR 31,---C J. J. WSWAN SPOK[ ON FARM LOAN ACT Attentive Hearing Given - Him by Farmers. ACT ENCOURAGES HOME OWNING "One of the grandest Business Schemes Since the Organization of Our Government Itself," lie Said. Compared It to Regional lesewe Banks. "One of the grandest business schemes since the organization of our government Itself" was the way M1r. J. J. McSwain characterized the legis, 'lation which brought about the fed eral land banks In his address before a meeting of farmers in the court house Saturday. With the Regional Reserve System to stabilize the -finan cial and mercantile interests of the country and the land banks to assist the farmers of the nation, he said that this country was now placed on the soundest basis in its history. The meeting Saturday, called by Mr. J. Wade Anderson, secretary, of one of the associations already formed, was attended by a representative body of farmers and business men and the cloest attention was given Mr. Mc Swain in his excellent address. At its close, several audiTrs, including Mr. L. h1 Bolt and Mr. F. P. McGowan made a few remarks urging the farm ers of the county to take advantage of the provisions of the law. Mr. McSwain, in opening his re marks, stated that he would give only a general outline of the law, .a the directors will have wide discrgtionary powers in applying it to individusl cases. The rate of interest to be 'paid on the farm mortgages, he dald, would not exceed 6 per cent and in all lik-.li hood would be less, according to the rate at which the land bank will be able to sell the bonds. In no case, he said, would the farmer 'be charged more than 1 per cent more than the in tereift on the bonds, this much being allowed for the cost of conducting the land 'banks. The present high rate of interest, he said, Is due to the fact that the farm era have been borrowing in small amounts from private individuals who are naturally interested in securing as much for their investment as pos .ible. The government will 'make the lower rate possible by selling the bonds of a large number of farmers in the money centers where rates are lower. The government, he said, does not propose to lend money dirctly to th farmer except at the beginning in order to get the law Into operation. Af ter this the government will only di rect the sale of bonds secured by the farm mortgages, the government only acting as a medium of sale. Under the Federal Lanri Hank law, the investors in the farmt bonds wvill know that the mortgages are safe, as they will be guaranteedl by the Land Blanks and the farm association. The security of the land banks can only be endangered by the failure of crops in all sections of the country at one time, a great depression or failure of titles as each mortgage is guaranteedl by the entire lAlnd Bank system. Not only should the farm loan sys temi be encouraged because of the low rate of interest, he said, but because of the encouragement which it will give to thle simalI farmier and~ prIosi Iretcive land owner to buy his own Ihome. With the farm loan act in op erat Ion and withi loans made on long terms andl low rate of interest, there is little likelihood of' a loan being called unless tihe borrower proves unuwil ling 10 applny himsel(1 f ini payIing it off'. -Provisions are m uade ini the law for Ilie horrower to have thle pay ment of interest anrd instal lmen t in t wo out of every ten years where It i., shrownr that inability to pay is 'not due to laggardness on the parnt of the hor rowver himiself'. IAmans, he said(, wvill be made for from live to forty yearis, accord ig to thre wishes of the borrower. If at ainy Itme it a piearis -to t he borro(1wer that lhe cant get the b~eeft of a lower rate of interest or if Ihe wishes huis loan changed fromt a short term toa long t erm, lie will lbe able to elanuge his loan so ats to securen thlcse benie Jutl. Or. I' ihn borrower ments with good fortune and desires to return his loan entirely, he will be able to do so after at least five years. Going further into details, the speaker pointed out 'that the farmer would have to pay the low rate of in terest and a small, annual payment each year. . The payments are so ar ranged so that at the end of the term they will have amounted to a sum equal to the entire loan and the bor rower will have met all of his Interest charges and paid off the debt in addi tion. The interest and payments to gether will amount to practically what the average farmer is paying in in terest alone now. Thus, a loan of $1,000 for twenty years will require the payment of approximately $80 a year to meet both tho interest and the installment on the. principal. The longer the term of the loan, he said, the smaller will be tli amount of each yeary installment. It. is necessary, he said, In forming loan associations to decide upon some definite territory to be embraced. A number of farmers in this territory, not less than ten in number, should get togethe and form an association. After its foramtion, all other farmers in that district may Join the associa tion upon a two third's vote of the directors of the association and sub scribing 5 per cent of the amount he wishes to borrow to the land bank, .which is located in this district at Co lumbia. Each association will have a committee on appraisement which will pass on the value of the land to be mortgaged. In addition to this, a salaried appraiser of the land bank must also give his approval to the loan. Not more than $10,000 may be loaned to one borrower, nor more than 60 per cent of the value of the land ofered as security plus 20 per cent of the yalue of the buildings; and the money must be used for specified pro ductivo utposes, sudh ah the pur chase' ranilands, -Improvorhents, etiDment; 'fertilizers, or live stock, or for the payment of existing indebt edness. In addition, the borrower must operate the farm on 'which he secures the loan. The motive of the law, lie said, is to encourage co-operation among farm ers. The effect Is to teach the farm ers to work together. Citing the cases of the middle western states, Mi. Mc Swain said that the most progressive states are those in which the farmers borrowed the largest amounts of money for farm improvemenjt and farm ownership. 'By bping a land owner, he said, the small farmer is encouraged to be a better farmer and at- the same time get the benefits of his labor. Mr. McSwain said the money was not yet available, but that it would be at at early date, probably about April. In reply to a'question from the audience, he said that the associations are not limited in area but that a sma'l area will be desirable for ex pediency and convenience. No two association districts, he said could ov erlap, but that the associations are not respectors of county lines. Dr. Washington in Fredereksbuirg. 'rho many friends of Dr. WV. H. Washington wvill be intorested in the following item taken from the Fred ericksburg (Va.) Daily Star: "Mr. W. H. Washington, a registeredl druggist, who has been in the dIrug b~usiness in Laurens S. C., for sixteen years, has accepted a plosition with Cole's Pharm acy. lie comes highly recommended. lie is a Virginian, born in Carolinic County."' Dr. Washington, as pro prietor of the Palmett.o D~rug StorE here, was one of thle most. iopumlat business meen ini tihe city andI is ihld in high esteem here. No hiace SuIcide Hiere. C:onsiderable impetus was given t< tihe pig-ra isintg 11id stry3 ini t hiis ((oun1t several (lays ago and another stel taken in the 1igh t agaInst the hll wee vii when ai sow on Dri. W. I1. ii' pilace justi across5 Little iiiver t'rom thi oity ga ae birt-h to a litter of twenit5 little p fggies; all, of whieh are do int w~ell and fatening. While the oh mother is doubthIless ignoranut of th finei record she lhas miade and1( fails (' unders~ltanud thle fuss being miade aret lie event , she is going about thbe hu; inress of 'taking proper~ care for' then Iwith the usual miotherly care and dis M'iiss Pr lic Me(',hee has re iurned t Horse Cave, Kentucky, after visiting her sister, Mrus. John Bolt, for soml timen SFill In Picture Puzzle No. 3 - ~6 - ~ o ,46.64 69 / "6? 6-.@62 A.60 . 774 '7 6 , 74 o "' .51 52 .' ' 78 "5 . '57 2,49 .2* J 4 5 81i 52- 45.. * 82 946 p4 -5 "013 924 "9 83" "#,29 ' ~4612.54I 5 "-8 3 z.' -28 .36 .4 .I / - lt 2 5 ' THtIE camel, the last picture you drew, children, is the pack horse of the desert. As you noticed when drawing the camel. it is of a queer shape. In traveling over the desert, where water is very scarce, the camel has been known to go days without a drink. Where does it get water? you will ask. It carries it In a little pouch or reservoir. Get busy again, children. Start your pencil at No. 1, push it along to 2, 3, 4, 6, etc., and see what you will get. A FIVE DOLLAR PRIZE The Advertiser will print nine puzzle pictgres like the above during the next nine weeks. Every boy and girl in the county is invited to fill out the puzzle pictures as aptly and with as much artistic effect as they can. When all the pictures have 'been published each chil who sends in the nine pictures with a subscription to The Advertiser for one year will be entitled to com .lfpe for the' Prize. N'w, of course, the child is expected to solicit the sub scription from inome present subscriber or a ndw subscriber and not pay -it himself- or herself. A omnnlittee of judges will decide on the best set of pictures sent in, JUDGES EXPENSE WILL SUBMIT NOAI) BOND AGAIN ATTACKED ISSUE TO THE VOTERS But Bill Allowing $500 Goes to Senate. Delegation Favors Allowing tie Peo Brief House Sitting. Columbia, Jan. 30.-Ratifying acts is a novelty to the new house of rep- The question whether or not to Is resentatives, so last night when the sue bonds to the amount of $300,000 first invitation of this kind was re- for road improvement in Laurens ceived from the senate, practically all county will be left to the voters of of the members went over to see it the county to decide. This is the well done. sense of the bond bill introduced in The house was in session for about both branches of the legislature, ac two hours and did some real' work. cording to Mr. cooper, whose duty it The calendar was called and a num- was to frame the bill as outlined by ber of uncontested second reading the delegation. The informant of The bills were passed to third. Advertiser last week was incorrect in An effort was made to kill the Lilse statng to its representative that the bill, providing for $500 expense bonds would be issued without sub money for circuit judges, . when it mitting the question to the people. In came before the house for third read- this connection, it will be of interest ing. Representatives - Dominick of to the people of the county to know Newberry moved to recommit. When that the Laurens relresenatives voted this bill was up for second reading in favor of the Bradford resolution there was a lively debate and it passed Intended to prevent. he legislature 58 to 418. The shave last night wvas atoiigtesl fcut od even closer, the house refusing 'bywtot.heahriyftepol. four votes, 49 to 415, to recommit. The Tef~ovn r h ilso e parliamentary clincher w~as applied bls~hc aebe nrdcdb and he bll oes o teseateSpek- ebr tof te on then dleation: ing in favor ofor roacomprovment vrc aresdlgto:T inenLaurens burg Bor~e anl Iehe ofLa thes schol t dito dein e. Tis of the to pss te Pil, ciorsenttivset~nsohe ond billn Yntodungd ani hughe of Oonce ~caron ofBarn ran ches, in the o egyislaure,c wel. Iha ea of1~rion Vombrg iforadin to r. gor ho seet lv ndut (0 ite Charlstonantibibstif rnng wasg tio ofameoo tae iel ms as tedb ILI~'S~ti~'S 'A~ONSII~IE. the deleatorn. The tnforantof T'hne Adetaish last leek wasd inlec inii High Ol'Ilcstatii ngltolits treptesintataivectthtrehf ('oumlmittingdthegquestion tortheWpeople.t.n this1 connectiong in: w ili of lnterest ron 1 Sn (ife, o Rt~i(1111, t 1o't ele oft thei conty st onow thatahetLurenlreprsenaivesvote ilots Cia d MaterC in of avor1 othe Bradfod relain soltioni 'I' la'aan ii j~l'. ~libe ai i aentne to:. p~lrent t isature citY t~afwithout theilauthoritya ofithe people. lraai('oncl N. , 1. S.M. Whchboll ich o he eatin t oduced a by ii and tohet.~ bi ie to i thelsena.i le a- m ebers o te\ Inrn's telegation: (1ng( i tt fao ofreomiten wr Laans dlegation ToIau aen S'an Repres~b~entats Fu'Il er' oit trange- iact enild"natt-sals e burg, oozerV and~at iche~aiy of Lae; schooi''i'l ditric "in da' oon' of the ito pat tthe tiol t pesaient. aves townships of Sueow,Youngs an li(ih Of'icer in Masr to .itte po nd f t.t iranoGeet nv te('~ite. will bei ti e :I~liniy yd n ~o' 1(1( fshin vill beasrvety thoe' :Y ' i' -an-a: i foreelostre of mortgages in real es tate. Mr. lichey: lelating to the liabil ity of comnmon carriers. Mr. iRichey: To amend section 828, volume 2, criminal code, 1912, relat ling to seizure of alcoholic liquors, so as to provide indemnity for the own era of such liquors in cprtain cases. Mr. Wharton: To amend an act en titled "An act to establish a new school district in a portion of the townships of Seutlletown, Young and Laurens, in the county of Laurens, and to authorize the levy and collec tion of a school tax therein," so as to correct an error in the description of the area of said district and to change and establish the boundaries rand the name thereof. Mr. Wharton: To provide for the erection of a dormitory to be used in connection with the teacher train ing course at Laurens, and to pro v"ide a county appropriiation therefor. WILL, AWARtD SCHOOL, PRiZimS A Ppilications .41st. Ile 1ade Wltlh.ini the Next Few Weeks. For several years the South Caro lina School improvement association has been instrumental in giving prizes to the schools of the State showing the greatest imurovement in a year. These prizes have been awarded in December until this year. The State executive commit te will make the awards during the first week in March. All applications must be in the hands of the president, of the State association by larch 1. The announecment, of prize winning schools will be made at the morning session of the School Improvement as sociation meeting held March 16 dur ing the State Teachers' meeting. Every school competing must have a school improvement association and must comply with the rules. There are five entries as follows: "1. Twenty-five prizes of $40 each to be awarded to individual schools making the greatest improvement dur ing the time between January 1, 1916 and March 1, 1917. Each school com peting for this prize must file its ap plication with the official prize score card. The school improvement score card must be signed by a representa tive of the local association, by a mem ber of the local board of trustees and approved by the county superintend ent of education. Photographs of new buildings are usually helpful to the committeo in determining prize win ning schools. Incorporated towns with a population of 40, according to the census of 1910, are not eligible to compete. "2. One prize of $10 to the local association in each county raising from outside sources and depositing with the county treasurer the largest amount of money. The 415 prizes- in this class are intended to stimulate local school improvement. work in each of the -15 counties. "3. One prize of $5 to each local association sending in 12 repo~rts 10 the county organizer' for 12 reg~ulari mlonthly m~eltings bietweenl .\lach t, 1916 and Alarch I, 1illi. Thlese repiort s must be signedl by thle presidient of1 thle local school iimovemzentI associa - tion1 and appiroved by the county 0or ganizer. "-I. Five unilty prizes. Two tirst piriz~es of $2.5 each and lthree second pri zes of $15 eachl will be giveni to t he five counties replort ing thle larigest lper (Ciltage of active local schiool im provemienlt assxociatIions in the rural schlools of the county. Tis reilort mu11st lie signled by thle coun ity origaiz-i er and( apiprmoved by the contil~y su per "5. A certificate of award will i< givyen to eIacti scoo((1 ldist ri(:t adoputin. comliisory schooi(l atI V cud1ance thr oil 1 thle luinitiaive and coioperat ion of Ih local soiol impro10' (ment assoCiaionI 11. is hiopied tha the1Il list 0f these die. tIclts will (csiitmeo a roll II ionlr i fl ori!i'' C lili ;i :1 ; .! hu1 i 110 I 1A11 Venls (olill i . : 4(I( n i iC.s .>holil( ('o inty Ongan .orI, for oil;(ial prizi not yet enitirely recoveired fiomu th~ 'VC!alld silo(C :,owing liis on counter with tile burglar some tim, go, hut he I: nhle to -o abohut. AMERICAN FORC[S HAVE BEEN R[CALLED Pershing's Forces En Route to Border. REGULARS REPLACE STATE TROOPS At the Border the Iteginlars nill lIe. tJieve the National Guard now on tihe Border. Movement of State Troops Ili-teiiiard Soon. Washingtonil, Jan.. 27.-W1ithc'awal of the American military expedition in Mexico was ordered by the war de partment today, and by the end of an other week tile entire comniand, after ten nionths on Mexican soil, probably will have crossed into the t'aited States. The order: went to G;en. Funn ton and Ih it to his diucretion the exac: tinc of starting the northward mtovememn and the details of carrying out. For sev eral weeks he has known of the ad ministration's determination to orde' the troops back to the border and un der his direction the expedition has hem concentrated for the long m arch. O'lleials here understand Iht some adlvanec units already have started north and that. within -IS hours the whole column will be in motion. At the border the regulars will re lieve a considerable portion, if not all, of the National Guardsmen remaining on duty there. The movement of State troops homeward probably will be under way by the time Pershing's men arrive oin American soil. Although officials have been silent on the subject of Mexico since failure of the joint commission negotiations, developments outwardly have coupled the troop withdrawal with Carranza's refusal to accept the Atlantic City protocol and have plainly forecast an intention to let the first chief settle for himself hereafter the many prob lems engendering and endangering the tenure of the de facto govern ment. A patrol considered adequate to protect the border will be maintained rigidly, however, and notice has been served on Carranza that the United States will not hesitate to use its armed forces again, if necessary, to protect American territory and Aner lean rights. The American delegates Oil the joint comiuission to, t heir Mexican colleagues al. Atlantic City that this government, never would re linquish the right of unlimited and unrestricted pursuit of bandits guilty of border depredations. That Gen Pershing's command, sent into Mlex ico last March to disperse the bandits who raided Columbus, -will be re grouped at the border and Iut into a condition of preparedness for a re Currence of raiding, is not doubted~ here; andl in that connection a rmy of.. fieers are observing with keen init!ereSt tihe pireparations being mladie by3 Villa and his followers and allies to debmate the territory that Gen. l'ershing wilt evacuate. All the recent moves in the Mlexi (lun situation, however, and all ihose in ((ontem11piat ion, are kept une cov-1 0~ ecr by the Otlicills shiapinig the~ Ceirso of the admininstration. A fter ('arira nza sent liack the. At anutie City protodol withlom n .i> nlatuiire, it w'as miadei kniown tiha: wheni the time came for the next .sep it. wouIld be~ takeni wAithout01 a nulnance miient, anld thiat the tUt re piI'y of the adiniistrat1ionl wouihi h& rn 'at - cii onily as it was t ransatd an! i ae I ion. n i ne hu'with his10 dit . th mtent of the withidrawale od' :Aay and l ilicials here anid ait ib de-i arntmlent and the '\ b i ;l .d