Newspaper Page Text
Statement of the Condition of tle
located at (Way Court, S. V., at the
close of business March 1, 1920.
Loans and Discounts . .$174,690.99
Overdrafts .. .. .. . . 1.1,948.74
Bonds and Stocks Owned by
the Bank . 100.00
F0tirniture and Fixtures .. 4,893.20
Banking House .. .. .. .1,08..19
iue from lanks and Bank
ers .S. .. . . .. .. . . .. (1 D,598.8
Currencey . 1,193.00
Silver and other Coin.. 69.79
Checks and Uash I teis .. 623.95
Total . $261,502.31
Capital Stock Paid In .. ..$ 50,000.00
Undivided Profits, less Cur
rent Expenses and Taxes
.Paid . 9,853.70
Individlual Deposits Subject
to Check . .$127,006.55
Time Certificates of De
posit .. .. .. 76.321.86
('ashier's Checks 1,317.23 201,648.64
6tate of South Carolina,
County of Viaurens.
Before me caie A. 'M. Owings, Cash
ier of the above named bank. who, be
ing duly sworn, says that the above
and foregoing statement is a Irtle con
dition of said bank, as shown by the
!ook.; of said batnk.
A. M. OWNGS.
Sworn to and subscibed bfore me
hi.s 6th day of Alarch. 1920.
.INO. C. lOU',
Correct At tet: 1r. .1. W. Beason,
IL R. Brooks, PestIs T. Ciurry. Direc
SIalteient of the Contdition of the
'EOPLES LOAN & EXC ILBANK
Located ait I arens I I , t '., tit Ihe
close of buisiness March 1, 1920.
Amons and I iscounts . . . .$198,82.19
Overdrafts .. 2,295..15
Bonds and Stocks Owned by
the Bank . 25.000.00
Furniture and Fixtures .. 4,250.00
Banking House. . . . 10,000.00
Du1e fromt Bans and liank
e's . . 13,8.42.14
Cu rrency . .. 5.152.00
Gold . 325.00
Silver and Other Coin . 1. .. :92.60
Checks and Cash Items .. 1,171.83
Other Resources, viz.:
W'ar Savings Stamin .... 8;04.00
U. S. Laiberty L.oan iIlnds :61,000.00
Total .......... ..$626,125.21
Capital Sitock Pail In..$ 0.000.00
Sin thus Fund .......... 25,000.00
Uudividled Pois.less Cur
rent l.xpenses and 'lTaxes
Paid .. .. .. .. .. . . . . . 6 5,988.11
I)Ine to lansi:; and Bankirs 8,635.28
Divid'ends l'upaid 16.00
luidividial llvposits, Subject
o Check . .. . $26'3.529.7 I
Savings Doos:)Sts 50,5 15.17
Time Certi intes of Dv
Iosit .. .... . . 110,791.85
Caslier's Chk s I,'6.06 126,785.82
State of Southi Carolina,
-ounty of Laurens.
Before ie came C. W. Tulne, Cashier
of the above named baink, wilo, being
du1ly sworn, says that the above aid
for'egoi ng statement is a true condi
tion of said batnk. as shown by the
books of said bank.
C. W. T17NMC.
Sworn to and Subscribed before me
this 1th da y o4 .March, 1920.
W. R. .\lcCV'N,
Correct Att i-: W. A. Watts, R. F.
.10o10s, .J. W. Todd. I )retor's.
!DEWS OF EVE
No More Gentle Than
I"Cascarets" for the
It is .in.st as noedlcs saa; it Iis danl
aginst eI. -, har.'! j th iiill, sieken-s
ing oil atn I .alta.. l'as'atrets giv'e 'uick
relief wlhouto iniurty fromi :onstipaI
t ion, biliohn.nle., indOiges!tionl, gases
andl sick he:0anllhe. Gascar ets work
whlileI you I leep, remloving thle toxinls,
toisonls an tsour, t indige'stible waste
w it hot. gr11iping or inIconIvC eice. Clas
carets redguilate' by strentgthienintg the
bowel muscles. Tlhey cost so little too.
To abort a cold
and prevent comn
The purified and refined
calomnel tablets that are
uiausealess, 8afe and sure.
M.cdicnat virtues retain-,
pdI and imp roved. Sold
only in sealed package.
Business Men, Farmers and Wage
Workers Must File Schedules
of Income for 1919,
MARCH 15 LAST FILING DATE.
Net Incomes of $1,000 ov Over, if Sin
gle; or $2,000 or Over if Married,
Must Be Reported.
The Income Tax Imposed by Act
of Congress on earnings of the year
11) is now being collected.
Ileturis iuder oath must be made
on or before March 15 by every eiii
zen and resident who had a net in
conie for 1911 amounting to:
$1,000 or over, if single ; or if mar
I'led ind liivinlg apart from Wife (or
huisband); or if widowed or divorced.
$2,000 or over, if married and living
witi wife (or liusballd).
The status of thme person on, the last
day of the year fixes the status for
the year with respect to the above
Under any of these circumstances i
return must be made, even though
no tax is (u.,
hIusband and wife must consider
the income of both, plus that of de
peideint minor children, In meeting
this requirement; and, if sufliclent to
require a return, all items must be
shown in a joint return or in separate
returns of iusbiand and wife.
A single person with minor depend
ents imust include the income of such
A minor who has a net income of
$1,000 or more Is not considered a
dependent, and must file a separate
Personal returns should be made on
Form 10-10A, unless the net income
exceeded $5,000, in which case Form
10-10 should be used.
ltesidents of South Carolina should
file theiri returns withl, am 11m1aike pay
mneints of Ilneome Tax to, Dunican C.
IlIeyward. Collector of Internal Itev
entie, Col uihia.
How to Figure income.
The best way to finld out whether
one must tile a return is to get a Form
1010A and follow the Instructions
printed on it. That form Will serve as
a reiinder of every Itemn of income,
and if a ret urn is due it tells how to
prepare and file it.
If in doubt on any point as to income
or deduetions, a lperson maY secure free
advie and aild from the inarest Inter
aIl Itevenue ollc.
'Guesswork, estimates and other hit
or-miss nethods are harred when a per
son is making out his Income Tax re
turn. Accuracy and completeness munst
be insisted upon. The return is a
sworn statement. As such It must be
thorouigh and accurate.
Snaried persons and wage earners
iust ascertain the actual compensation
rMPeivet. Overtime, bon uses, shares in
the profits of a business, value of quar
ters and board furnished by the em
ployer fnld other Items whlch are coin
pensations for services must be in
It must be borne in mind thait com
pensa10tlonl may be paid( inl oilier forms
than iln cash. A bonus pumidl in Liber-ty
lionds is taxalie at the uunamrket valuec
of the bondls. A note received in pay
menlt for services is taxable lacoome at
lis face values, amid tihe interest upon
it is also taxablie.
Other Returns Due.
Ev'ery partnler'ship (oing business in
the Uniitedl States must file a return
on Formi 1005; and every per-sonial
service corporation must file a similar
Corporations Jnulst file annual re
turns Oil F'ormi 1120.
Troustees, executors, admninistria torsa
and1( othiei's ac'ting in a fiduciary capac
ity are reqluired to file r-eturnsl. In
some casecs, Form 1(Mt1 is nsedi; ini
others, F~orm 1040; and still others,
returns oin both for-ms are requiredI.
In foi'mua tIon re turns, on Forms 1091
andi 1090, muilst he 11lled by eveiry or
gainization, ilrm or person who palid,
duiring 1919, an amiounit of $1,000 in
salar-y, wages, Interest, remit, or other
fixedl or dheterninablie inicomie to ani
oth~er person, partnership, personal
service corporation or fiduciary. Tihese
in forma tioii returns should he for
wardled (directly to tile Commlilssioner
of Internal IRevenue (sorting division),
Washinlgton, D. C.
W HO-Single persons who had
net Income of $1,000 or more
for the year 1919.
Married couples who hlad net
income of $2,000 or more.
WHEN-Mar'ch 15, 1920, is final
date for filing returns and mak
lag first payments.
WH E RE--Collector of In ter-nal
IReveue for District ill which
thle person resides,
HOW--uill dirmections on Form
1010A and Form 1040; also thei
law arnd regulations.
W H AT-Four per cent normali
tax on taxable income up to
$4,000 In excess of exemption,
Eiht per cent normal tax on
balance of taxab~le Income, Sur
tax, froiv >ne per cent to sixty
five per ut on net incomes over
IMPROVE QUALITY OF
COUNTY LIVE STOCK
Unique and Successful Commu.
nity Association in Virginia.
Specialists Believe There Is Fertil
Field for Formation of Similar
Clubs Throughout Country
Overhead Cost Saved.
(Propared by the United States Depart
mont of Agriculture.)
One of the most unique and success
ful community breeders' assodations
of the country Is located in Loudoun
county, Va. It Is unusual 'ecause in
stead of fostering the breeding and
improvement of a single class of live
stock, it sponsors the improvement of
eight breeds and classes of live stock.
The excellence of such a plan is that
duplication In work and extra expense
are eliminated, while the society is
really standardizing the production of
purehred live stock within Loudoun
Guernsey and Shorthorn cattle, Per
cheron horses, Berkshire and Duroc
Jersey hogs, Shropslhire sheep, and
Rhode Island Ited and IBarred Ply
mouth Rock poultry have been select
Purebred Guernsey Bull, the Type of
Animal That Is Gaining Popularity
Because of the Better- Sire- Better.
ed in public mieting by the farmers
and stockmen of that section as the
dominant breeds of the county.
The Loudoun County Ilreeders' as
sociatlon, organized in 1516 by joint
efforts of the county agent, a progres
sive banker, and a few forward-look
hig fariners, hats grown from an orig
inal sIrength of 00 to over 250 active
members. Through Its manager it
purchases and sells live stock for its
ineilers aind has been of marked in
fluence in improving the chatracter
aind cluality of tihe county live siock.
Specialists of the (elpartlent of ag
riculture believe that there is a for
tile ield for the formation of similar
live stock breeding ciubs throughout
the Inited States. III some of the
leading stock-producing areas four or
live, or even more, Individual breeders'
clubs now exist, whereas one general
organization saves an overhead cost
and permoits of the hiring of a paid
bisiness manager as In Loudoun
CREOSOTE FOR FENCE POSTS
Best Preservative Treatment ConsIsts
of Boiling Wood In Liquid for
live cents' worth of creosote ap
plied to a fence post will prolong its
life many years. Posts that will last
ordlmnrily hut four or five years in the
ground can he madeL to last 20 by treat
W~oodls like beech, blich, maple, ush,
popiar andl~ othe'rs thaiit aire not ordi
nairily usd for fence 1)(ts, can be
made as dIurablie as locust or cedlar by
a preservative treatme'nt with creosote.
This trealtment dloes not consist simply
In pitin lg t he post with creosote or
in diIpp ig it in creosote. While these
treatments (10 some good, they do not
insure dleep Penlet ration oif thle creosate
Into the wood or the filling of the
ernek cand0( season checks.
The best preservuativye treatment con
sist s ini henati ng thle posts in boiling hot
creosote for 30 to. (0 inuhtes, thien
leauving them In the tank until the
liquida ims cooled. The (creosote will
he forced deeply into the w~oodl and
thus fill all checks and cracks and
form an exterior shell of t reaited wood
that will prevent retting. An old, dIs
carded gasoline dIrum wIth the top cut
out, set up so that a fire may be built
beneath, makes an excellent treating
tank at little expense..
USE SIRES OF GOOD QUALITY
RecipienWm of Department of Agricul
ture Emblems Represent Scat
Widely scattered sections of the
country are representedl in the'list of
the first recipients of the official em
blenm betowved upon live stock owners
by the United fitates dIepartment of
agriculture In connection wIth the
"Belte: Sires-Better Stock" campaign
nowv In progress. Possession of this
emb~lem "'uows that the owner has
agreed to ap and use only pure-bred
sires of good quality, and will follow
to the best of his aility breeding
methiods leadIng to live stock Improve.
~LETTUCE FOR LOCAL MARKET
if Sold by Dozen it Often Pays to
.rDIspose of it Before Maximum
WeIght la Reached.
If lettuce is for a locail market and
soldi by the dozen, it often pay. to
market before a maximum weight ha;
been ry~u red. It all dependls upod
the keenness of market and the need
of benc~h for other nrops
The dining room of a very exclusive
residential hotel. Dinner in full swing.
Clatter of knives and forks and the
usual buzz of conversation. Suddenly,
a crash at one end of the room, a
sound of falling dishes. An abrupt
pause in the conversation, attention
concentrated on the scene of the
calamity. Then, suddenly, soaring
above a rising mirmur of inquiry, -one
clear voice with the desired inforina
tion, "Squash. my dear, of all things I"
Individual taste has much to do with
the ornamental character of trees.
What one person would call an orna
niental tree might not be considered
such by others. Or a tree may he
ornamental In one placo and unattrac.
tive in another.
Thousands in Pilgrimages.
Pilgrims numbering 300,000 annual
ly visit the monastic cells at Kiev.
L. C. BARKSDALE
cluded in om
BEST FOR HOME SHINES
SAVE THE LEATHER
THE BIO VALUE PACKAGES
PASTS AND LIQUIDS V t e DemnO3oD tow
THE F. F. DALLEY CORPORATIONS LTD.. BUFFALO. N.V.
dale & Roper
Phone 409 R. H. ROPER
'FULLY feminine footwear for the
kours of every Spring day are in
broad displays of Spring's smart
e have a size and width
to fit your foot.
rhe One-Price Shoe Men.