Local Cotton
21 Cents
GASTONIA, N. C. SATURDAY AFTERNOON, JUNE 10, 1922
SINGLE COPY 5 CENTS
YOL. XLIII. NO. 138
'
A $50,000,000 Mil
.llLLSYilGATE FORMED
Ifi CHARLOTTE, REPORTED
Charlotte All Afog Over Re
ported Launching Of Big
' v Textile Concern. a
DUKE MONEY, IT IS SAID
One Million Spindles Would
.Represent Goal Of Mag
nate If Launched.
CHABLOTTK, Juno 9. Charlotte
cotton mill men either denied knowledge
of or were non-committal Friday on the
proposition of tlio launching here of a
$50,000,000 textile company to operate
a chain of mills in the Carolina, with
headquarters in Charlotte, as reported
Thursday in a New York newspaper
and broadcasted throughout the fcouth
by a news agency from New York.
The most probable basis for the re
port, local cotton mill thought, was that
J. B. Duke is inspiring the most gigantic
cotton mill enterprise ever attempted in
the world and that Charlotte will tie the
center of the movement in the event that
it goes through.
The news agency sent out the state
ment that "tentative plans for the or
ganization of a company to operate a
large chain of cotton mills in the houth
are being considered by a group of well
known cotton manufacturers and capi
talists, it is reported in well-informed
mill circles. Charlotte is to 'be the head
quarters of tho company, it is asserted,
and it will "bo headed by one of the
leading cotton manufacturers in the
South."
When this report, which was also
printed in one of tho New York trade
papers Thursday, was exhibited to rep
resentative textile men here Friday, they
expressed surprise and astonishment. . A
combination of large local interests with
a '.well-known group of like characters
in South Carolina was ventured by one
financier and cotton mill executive as
the iwtyible basis for the report, but be
yond this, he could venture no opinion
whatever' about it.
' Learn Of Report
That, the Chadwick -lhixkins group of
five! mills, centering in .!harlotte, would
probably be interested in the reported
merger was denied by B. 15. tiossett,
chairman of the 'board of director and
president of the company operating
this Bene of mills. Mr. Cosset t was
seen in the presence of Word II. Wood,
also largely interested in the Chadwick
Hoskins Company mid both said, tint
this company had no contemplations of
such character in mind. They had-n.d;
heard of the report until told of it by
The News.
The most likely basis for the great
enterprise, according to the best opinion
procured, was that .1. H. Duke was likely
interested in such a project and that he
may have plans developing which will
leail to the launching of such a monu
mental project upon the completion of
the 80,000 horsepower electric develop
ment at Mountain Island and that the
1,000,000 spindles would represent tin;
ultimate and not the immediate goal of
tho undertaking.
Is Duke Interested?
That Mr. Duke has been trying to in
terest outside capitalists in the wonder
ful possibilities of the Carolina, and
particularly that part of the Mate cen
tering in Charlotte, has been known tn
many with whom the multi millionaire
tobacco king has been confiding of late.
However, it has been reported th.it
Mr. Duke was not immediately interest
ed at this time in either purchasing r
building new cotton mills so long ;.s
present costs continued.
The most conservative estimate sub
mitted Friday from competent textile
leaders locally was that a series of mills
with an aggregate of l.Ooo.ouo spindles
owuhi represent an outlay of $."50,000,-
000 at present prices of machinery, n
'being figured that it costs .1tl per spin
die to erect a cotton mill now.
The largest group of spindleage un
der the operation of a single system in
the South is that of the Cannon mills lo
cated in and about Concord, according
to the official tabulations that have been
made, this group operating fifteen plants
with a spindleage of 600,000, approxi
mately. The Riverside and Dan mills
at Danville are the second highest in in
dividual groups with 415,000 spindles
while the W. E. Beatty group in Green
villo has 310,000.
The C. W. Johnston group in North
Carolina is the largest in this immediate
territory with 158,000 spindles, -while the
, Chadwick Hoskins system is rated ss
operating 120,000.
A mill or a string of mills with 1,000,
000 spindles would therefore, be larger
by two thirds than the present largest
group of mills in the South, six times tho
size of the Johnston chain in 'North
Carolina in aggregate spindleage and
nearly ten times the size of the Cbad-Wick-Hoskins
group.
COTTON MARKET
CLOSING BIDS ON THE
NEW YORK MARKET
NEW YORK, June 10. Cotton fu
tures closed steady, 30 points up.
July is.37j October 22.26; December
2.05; January 21.88 ; Alarca 21.78;
Way 21.50; Spota 22.83.
TODAY'S COTTOn MARKET
Receipt .......... 37 Bales
price 21 CenU
('Strict to good Spidlisj).,
Woman Is Boss of Police
and. Fire Department
(Rr The Associated rress.)
AUGUSTA, GA., June 10. The
first woman ia the country to become
"boss" of the police and fire de
partments of a city the site of
August, ia Mrs. L. S. Arrington,
prominent club woman and wife of a
local business nun here, who ' was
elected yesterday afternoon to the
chairmanship of the civil service com
mission. L. F. Elliott, 25, the young,
est member of the board, was elect
ed vice chairman.
STAR ROUTE TO YORK
FROM GASTONIA ANNOUNCED
Postmaster Slate Reports That
Business at Local Office It
Better Than Ever at This
Time of Year.
Mr. F. I. blate, local postmaster, re
ports that the business of the local office
is better than ever at this time of the
year. The mail during June and July
generally takes a big slump but so far
tho local business is holding up consider
ablo well. With an additional clerk just
added to the liost office the number of
clerks has been brought up to nine men
on the regular payroll. All indications
show that this year will he a "better year
for the Gnstonia branch and it will hold
its own in the first class division.
Several plans are being mapped out
with the Fourth Assistant Post Master
General, W. il. Glover, by which local
service will be improved. No definite
announcements can be made at the pres
ent time, as these plans must be. approv
ed by Washington officials. A new sub
station for Flint and Groves is being
decided upon this week. If this plan is
carried through, it will lie of a great
benefit to the people at the Flint and
the Groves mills. The matter is now "n
hands of tho higher officials. Announce
ment is made by Postmaster 81ate of
the inauguration of a star route from
Gastonia to York a one way trip to bo
made daily beginning July 1. Bids are
now coming in for the service. Two
year's service is being bid on by those
wanting the job. Plans call for the
mail for Clover, Filbert and York, com
ing via Gastonia, to leave hero at 7:15
a. m. daily except Sunday. Mail will
reach Clover by 8:15 o'clock, and on to
York arriving there by 9:00 a. m. The
peopel of the South Carolina towns will
have their mail nearly a day earlier. Any
person or parties desiring to bid for this
job are urged to file their papers imme
diately with tho local officials.
GORB MARKET RUNS
SHORT OF PRODUCE
Demand Is Greater Than Sup
plyMost of .Stuff Was Sold
Out In Short Order Scar
city of Poultry and Fruits.
Today's curb market oened as usual,
but Mr. Demand put one over on Mr.
Supply, and many a matron and house
keeper were forced to go back home
with empty baskets. Produce was there
but not enough was on hand to take
care of the hunters for that raw ma
terial that makes a Sunday dinner worth
the while. What little found its way
to market was bought like hot cakes
by the early comers, and those that
happened to be a minute late were just
out of luck. All of which goes to
show that, the country folk must bring
in more of their garden products. It
is Mill a few weeks early for vegetables
and fruits to ripen and the shortage
of same at the market at Willow school
is thus accounted fir by the .authorities
in charge.
A real system of management will go
into effect beginning Monday. It is
expected that such a system will go far
in remedying the faults that were no
ticed in the first week's trial. No
produce is to be sold from the auto
mobiles or wagons that bring it to the
market. All produce that is for sale
must be placed on the tables that are
provided for same. The market opens
at N:00 a. m. Nothing can be bought
before that time, The market will close
promptly at 10:00 a. m. The country
folk who bring in their produce aro re
quested to abide by these regulations.
The city buyers are asked to keep these
rules in mind. Th succss of tho market
is deH'ndent upon the co-operation of
the individuals connected with the buy
ing ami selling. If all parties con
cerned will help, there is no reason why
the curb market should fail of its pur
pose. , ii
A committee from the city buyers will
investigate the prices of the produce
offered for sale for a week at a time.
A committee from the county women
will investigate the prices the follow
ing week. Then a satisfactory agree
ment will try to be reached. Plans
will be worked out by which no com
mittee will have to serve twice. Other
plana for the betterment of tha market
will be announced through tho press
from time to time.
PARIS, June 100 (By tho Asso
ciated Press.) The impossibility of an
international loan to Germany at pres
ent was recognized by the international
committee of bankers in their formal
reports submitted this afternoon to the
(.allied reparations commission.
Tho newspaper predicts that the heli
copter will bring flying into every day
business ai sorial lif?, r
BRITISH
A TYPICAL ADVENTURER
E
Army Officer, Sheep Rancher,
Aviator and Member of
Royal Mounted Police.
REPRIEVED FOR MURDER
Major Ronald True Claims To
Be Stepson of Scotch
Nobleman.
SAN FRANCISCO, June 10. Major
Konald True, whoso reprieve from the
gallows for murder, brought a storm of
protest from the British press yester
day, claimed to be Lord do Freyno, step
sou of Lord Glen Falloch, of Scotland,
when he served a fifteen months' Feder
al sentence in tho Alameda, Calif., coun
ty jail, in 1915, for forging stolen pos
tal money orders.
British newspaper freely intimated
that Truo was the sou of one of tho most
noted gentlewomen of the English nobili
ty, but True's identity had been with
hold by the British authorities. He had
been triod for the murder of Gertrude
Yates in London three weeks ago and
saved from, hanging 'by com m it men t to
a hospital for the criminal insane.
The facts of his conviction and sen
tence in Alameda, across thu bay from
San Francisco, were brought to light by
Williufti Madeira, postoflice inspector,
who traced True in his flight from the
Pacific coast to New Orleans, where he
was arrested for the theft and forgery
of money orders. Comparison of photo
graphs of the Tnglish felon with those
of True taken her completed the identi
fication. At the timo of his conviction here he
claimed right to the title, the Honor
able Arthur Reginald French, otherwise
Lord De Freyno of French Park, countj
Rosecommon, Ireland.
He was an adventurer uud born sol
dier of fortuno, according to the oflicei
who trailed him from here to New Or
leans. ' "He had been army ofliccr, sheep
rancher in Africa, aviator in Brazil,
member of tho royal Canadian Mounted
police, and whilo here in San Francisco
tried his hand at priz fighting," Madei
ra said. "He was sought for passing a
forged $92 money order on a San Fran
cisco hotel."
When ho quit San Francisco, Madeira
said, True left in his hotel room a belt
such as worn b'y the Royal Canadian
mounted police, from which the Federal
officer said True deserted just before
orming to San Francisco. The belt ser
ved to identify him and . aided tkc
Federal authorities in their capture of
True.
On his discharge after his 15 months
sentcnee he left for Honk Kong early
in 1915, Madeira said, with the an
nounced intention of enlisting in the
British army, if the. recruiting authori
ties would take him.
THOUSANDS RUSHING TO
AFRICA'S DIAMOND FIELDS
CAPK TOWN, South Africa, dune !).
(By the Associated Press.) The big
gest rush in the history of South Af
rica's alluvial diamond digging occurred
at Mowsbcrg, (i0 miles from Kimberley,.
today, when about 15,000 diggers from
all parts of the union and Rhodesia
pegged out their claims.
The line of start for the peggers ex
tended over four miles, and immediately
after the proclamation was read, the
diggers, each carrying four pegs, rushed
to the points they favored.
There were no casualties, which is re
garded as remarkable considering the
number of claimants and the excitement
engendered by the rush. There were
many disputes, however, and these will
be settled by tho officials.
A huge canvas camp has arisen and
the greatest optimism prevails.
This Machine Detects
When Man Is Lying
(By The Associated Tress.)
SAN FRANCISCO, June 10.
The Sphymomanometer, or lie
tector, was employed by the San
Francisco police department yester
day on Henry Wilkns, who wife was
reported shot and killed here by an
automobile bandit on the evening of
May 30, while she was riding in the
family car with her husband, and
their two children.
The test was said to have demon
strated that Wilkens was telling the
truth.
The lietector is a "blood pres
sure machine."
Wilkens, who is not under deten
tion, came to police headquarters and
submitted to the test, which consist
ed of answering a series of questions
in connection with the crime. Tubes
leading from his ana and heart in
dicated on, a chart in the background
that no nervous tension was recorded,
according to John Larson, who in
vented the machine, and was present
at the psychological inquisition.
The police today renewed their
hunt for Walter and Arthur Castor,
brothers, wanted for interrogation in
connection with the slaying.
THE WEATHER
North Carolina, party cloudy, prob
ably local thnndershowifrs tniier. or
Snndfy,
AND SOLDIEROFFORTUN
Slewf Lover. ?
' 4
I
ONiirse " Peggy Beal, who'll be
charged with slaying her alleged
! lover. Frank Warren Anderson, at
I Kansas City, If she recovers from a
'bullet wound Inflicted when 8ho
sought to take her own Jlfo- 1
AMERICAN LEGION GETS
HANDSOME LOVING CUP
Presented To Local Post By
Charlotte Post For Prize At
tendance At Recent May
20th Celebration.
Ono of the must delightful and en
joyable affairs ever held in the history
of (Juslou Post, Nuf 23, Ainerh-aii Le
gion, took place i'riday evening when
the loving cup won in the May "0th
parado was presented to the local po.sr.
Absolute informality prevailed. There
were no long speeches, but on the. con
trary, short, snuppy talks, interspersed
with jokes and humorous thrusts at me
another. There was plenty of music,
lemonade, sandwiches, ice cream, etc.
The Pythian bund played several fine
selections throughout the evening.
"Post Commander D. II. Williams pre
sided and explained the object of tho
meeting. Attorney Jas. A. Lockkhart,
of Hornets' 'Nest Post, presented the
cup to the local post in a very uppripri
ate spoech. "The Catawba, river does
not .divide (iaston from Mecklenburg,"
he said. "It unites us." Our interest
and aims, ambitious and ideals are all
one. It is good to get together like
this once in a while. "
'Chaplain Jl. C. Long responded for
tho post and accepted Hie cup. " W"o did
not go to 'Charlotte and march six miles
for nothing," he humorously added.
"But, we arc glad, too, that you havo
seen fit to award a cup to Helmont for
their most excellent showing."
At a short business session Mr. M. T.
Poovey was elected vice-coiiiinauder of
the post.
Present from Charlotte were Comman
der Victor hbaw, Louis Sutherland, Thos.
L. Alexander, ,1. A. Lockhnrt and others.
The wives of some of the Charlotte mem
bers were also present.
'Delightful refreshments of lemonade,
sandwiches, -pickles, cheese and cracker,
followed by ice cream and cake were
served.
INSURANCE MEN TO MEET AT
Prospects For Largest Attend
ance In History Boat Trip
On Cape Fear River and
Other Social Events.
The annual convention of the North
Carolina Association of Insurance
Agents will be held at Wrights
villo Heach Tuesday and Wednesday,
June L'n ami 21. The program for ibis
event has already been is.Mid. While
much business will be attended to there
will also be a varied program on enter
tainment. James L. Case, of Norwich. Conn.,
president of the National A.mx iation of
Insurance Agents, with which the fcHate
Association is affiliated, and 8tacey V.
Wade, insurance commissioner of North
Carolina, will be among those who will
deliver addresses.
"Memories" will be the subject of an
address at the banquet on Tuesday night
at the Oceanic, hotel by -Mr. Francis
Womack, of Ileidsvillc, who has Iiern
connected with the association since its
organization.
Wednesday afternoon the Carolina
Insurance Company, which has its homo
office in Wilmington, will give a compli
mentary steamboat ride on the historic
Capo Fear river to tho delegates at
tending thff convention.
President Fred . Odell of the asso
ciation tplla tho members that indica
tions point to the largest attendance in
the association's history, (iastonia will
probably have several delegates in at
tendance. NEXT WEEK'S WEATHER.
(By The Associated Tress.)
WASHIXGTPX, June 10. Weather
outlook for the week beginning Monday:
South Atlantic and East Gulf States:
Partly cloudy, occasional showers, nor
mal temperature. "
West Gulf States: Partly cloudy, ce
fi"i,OBsi hwrs. EoriM.1 sirwrs.,ur9l
South Carolina
Taken By Ku KIux Klan,
Told To Stop Whiskey Traffic
OHie Crompton, Anderson
County Farmer, Taken
From Home Thursday.
30 MEN IN THE PARTY
Is
Second Occurrence of Its
Kind to Happen In An
derson County.
(By The Associated Tress.)
ANDEHiKJX, 8. C, June 10. Veri
fication of reports received here that a
baud of masked men nnd whito role
men, about .'10 in number, kidnapped
Ollio Crompton, Anderson county farm
er, residing ner W'illiamston, some 11
miles from this city, Thursday night,
taking him to a point near the boundary
line of Anderson und (Ireeuville coun
ties, where it is all.ged that ho was
severely beaten and cuuutionud by mem
bers of "the party to cease dealing in
whiskey, was made today by Chief ot
Polico K. M. Patterson, of Willianiston.
While it is not delinitely known that
the men composing the band arc mem
bers of the Ku KIux, it was reported
that they were garbed in the regalia of
that order. Information obtained from
Williamstcm today is tu tho effect that
the identity of none of tho members of
the bind is known, and otlicers of both
this county and the town of Willianiston
are baffled by the procedure of the mid
night riders.
The retails of the alleged flogging of
Crompton and his experience wit ti tho
band of men on Thursday about mid
night aro more or less obscure, but it
was learned that tho band composed of
about thirty masked and robed men
went to the home of Crompton, located
one mile east of Willianiston. In re.
spouse to u greeting from a member of
the band, Crompton is reported to have
mine to the front
,t door, then realizing
re robed, he retreated
that the men we
through the rear of his homo, 'being
caught by several of the men near his
home.
The party then proceeded in several
cars to a point, near the JSaluda river, ar
riving at Cooley's bridge, they cunio to
a halt and Crompton is said to have
been taken from one of the cars. The ; i"l tor summer use approaches
score or morn of rolled men then formed i "' I ' ' ion they appear even more at
in a circle and repeated their warnings ,,';l('hv'' "'"' at first considered
to Crompton, to cease dealing in licpior. ! J1"'' ,,""M 1,0 according to Char-
Kenorts indicate that Cromi.toii was then I '""P'0 "' I'avo been to visit
given a severe whipping after 'which hfl J
wns returned here to his home and the
night riders retreated in the direction of
Greenville.
Chief of Police Patterson, of Williani
ston. stated this morning that hn has
been unable to take steps to "I'Prehcnd
llieilllli 1 (il l lie utlll'l III men biiu,-" i'e-ii
tify is unknown to him, he declared.
Whether this second at'empt in An
derson enmity within the past, two days
to put an end to alleged lawlessness is
being instigated 'by members of the Ku
KIux Klan is a matter of conjecture,
however, int is rei'nrted that the order
has a strong organization in this county.
TO PROMOTE HARMONY
IN BUILDING INDUSTRY
Proposals Ready For Consid
eration at Meeting of Build
ing Trades Department of
Federation of Labor.
(By The Associated Press.)
CINCINNATI. ()., June 1"
-Pro
posals intended to iniuaole harmony in
the building industry
were readv today for
.f the country
onsideration at.
the annual meeting of the building
trades department of the American
Federation of Labor.
Favorable ai-timi on the program of
President .John Konlin. of the depart
ment calling for periodical meetings of
the chiefs of the unieiis and also for
the unions, joining a national buildiug
council, comprising all persons connect
ed with the industry ,as recommended
by a committee report. Mr. Doiilin
said he offered hi- epigram with, a view
of eliminating a .-tnke and winning
public support to the industry as a
whole.
As tho only unfinished preliminary to
tho Federation's convention next week,
the meeting of the building trades today
became the huh of interest. Numerous
questions affecting building operations
throughout the country wero pressing
for consideration, but delegates planned
to reach final adjournment by night.
The meetings of the metal trades de
portment ended with the re-election of
James O 'Council a- president and the
label trades department concluded its
work ty reelecting J- W. Hays as
president .
As a forerunner ff the convention of
the federation which opens on Monday,
the memlM'rs of the federation's execu
tive council "ill meet tomorrow to con
sider the Snpreine Court's recent de
cision in the celebrated Coronado coal
ease, which Samuel Gompers, president
of the federation, interprets as a nega
tion of tho right to strike. The atti
tude of organized labor on thd decision
is expected to t drafted by the council
as a part of in report to be made to
th eAnwptii.R "P. londsy. 1
Is
The Story Stops Before
Janitor Makes Reply
PARIS, Juns 10. (By The As
sociated Press.) "Excuse me, am
I near the wounded soldiers' insti
tute?" asked a blind veteran of s
passing pedestrian as he tapped bis
way along the sidewalk. "I've only
been there twice and I'm not quite
sure of the way."
"You are close to it now; let me
take you," came the reply.
Arriving at the door, the guide
said to the janitor: "Kindly take
this man to the section for the
blind."
"Take him yourself," growled the
janitor. "Under the archway on the
other side of the courtyard."
The civilian did so, but on the way
out addressed the janitor again.
"Couldn't you be a little more
obliging to the blind?" he asked,
gently.
"There are too many, and 1
haven't the time," was the surly re
sponse. "It seems to me it is your duty to
help them," said the other. "I can
find time and I am Marshal
Foch,"
PUN TO OPEN BON
CLARKEN IN NEAR FUTURE
Conference and Assembly
Grounds of A. R. P. Church
Near Hendersonvile To Be
Opened Soon.
CM AKLOTTK, dune !. I'lans for
opening Bon darken (formerly the
Heidelberg property), tho newly pur
chased grounds for religious conferences
nml uiiiiilu. imi......... :.. 41... t
" ' """
j n,,for,"'l Kviiod territory in the south
aro nearly complete, according tu Hov.
W. li. Lindsay, who announces that
Mr. and Mrs. J. I. firownlee, of An
derson, S. C, will be in charge of the
property.
-As the work of putting the grounds
In! grounds are three milus .' fnini
Hendersonville, one mile from Flat Hock,
and about l.'iO miles by automobile drive
from Chariot to over a splendid high
way. The dace is expected to prove
nil li 1 1 r.,.. i c. ,. ,M
! wfco
dcrsojiville, Flat Hock, Hon darken und
other nearby places in ono of tho most
picturesijue spots of tho North Carolina
mountains their objective for outings.
There are 40 fifrnished rooms in tho
Hon Clarkon Hotel, which in architec
tural lines follows certain details of the
Swiss chateau, after which thu former
owner of the place modeled the build
ing and ground and called it Heidel
berg after the old university town in
Germany. liuiuiing water will bo in
every room .
The lirst event in tholifo of the plaeo
under the new regime will begin Au
gust f. It will be a young People's
Sabbath school conference. Following
this tin' General Conference for Chris
tian Workers of the Associate Keformed
Synod of the Houth will begin August
1M, with a notable list of speakers nnd
lecturers scheduled to be heard. Among
them will be Dr. Jno. McNaughtre, of
Pittsburgh, Pa.. ; J!cv. K. N. Orr,
D. I).; liev. Dr. "J. W. Jacobson, and
Professor Palmer, secretary of tho
South Carolina tSunday School Confer
ence: Dr. J. I. McCain and Prof.
r.dgar ljong, or the taeulty or r,rsKine
I College, and possibly Dr. J, Campbell
Morgan .
A formal opening of tho place is
planned for the Fourth of July, with
representatives from other assemblies of
tic mountain district present.
Hev. W. H. Lindsay will speak on
that date as a representative of the
directors of I he assembly grounds owti
eri and directors.
BRITT TO BE SOLICITOR
OF PROHIBITION IN N.
c.
(By The Associated Press.)
WASHINGTON, June 10. Final ac
tion on the appointment of James J.
Hritt. of Asheville, former Congressman
of North Carolina, as solicitor of pro
hibition, was understood today to await
the decision of Secretary Mellon and In
ternal Revenue Commssioiipr Blair as to
the advisability of creating tho new
office. Under the law, officials explained, the
internal revenue commissioner is empow
ered to designate an officer other than
the solicitor of nternal revenue to han
dle prohibition legal matters and such
a procedure is proposed in connection
with the creation of a solicitor of pro
hibition. Establishment of the new office, it
was explaned, was desired by the prohi
bition buresu because of tho rapidly
increasing volume of legal business
which now passes through the revenue
solicitor's office, already crowded with
a mass of tax matters The details in
volving the department of justice's con
nection with the prpoosed solicitor have
yet-ta be worked out, it w?i stated .
Bootlegger
GAROLINAS LAND BANK,
BeatenlOF COLUMBIA. WILL DQ
r
BUSINESS IN
Bulwinkle & Cherry Are Local
Representatives of Institu
tion In This County,
MAKES LOANS ON FARMS
System Enables Borrower To
Pay Off Principal and In
terest In 33 Years. -
Announcement is made that the Firsfc
Carolinas Joint Stock Land Bank, with
former Congressman Lever, until re
cently a member of tho Federal ' Farm
Loan Hoard, as president, and with of
flees at Columbia, 8. C, is to do busi
ness in this county. This fact became
known when it was learned that Bul
winkle & ( 'herry had become connected
with this institution as abstract attor
neys, and for the timo being as its
local representatives in the county.
The First Carolinas Joint Stock' Laml
Hank is chartered under the Federal
Farm Loan Act and in operated 'under
the same federal supervision as tho Fed
eral Farm Loan Hoard. Tho present
paid in capital stock is $250,000, anil
$2.1,00(1 surplus. Tho bank operates
very much along tho sama lines as does
the Federal Laml Bank of Columbia
and under the same supervision. It
makes loans only on improved agricul
tural lands, it does not loan on city
property. The proceeds of these loans
must bo applied for general agricul
tural purposes. The loans are mado
direct to the borrower and tho borrower
is forbidden to take stock in the bunk.;
Any person is eligiblo for at loan
through this institution if in addition
to his other work he is at the sama
time actually farming. ,
The bank will accept applications for
loans from $1,000 to $23,000. Loansj
cannot be made in excess of 50 per cent
of the appraised value of the laud and
20 per cent of the appraised insurable
value of the buildings, such app&isaU
being made by oftic.ials of the govern
ment . The interest rate is six per cent
payable semi-annually, to which is added
one per cent to amortize or kill oft the ,
debt over a period of 33 years. Ia '
other words, for seven per cent, interest
and principal are paid in 33 years and
the debt is dbvharged. Repayment of
principal may bo made at any - time
under regulations issued by the Farm
Loan Hoard. Tho borrower through
this bank is responsible alone for his
own debt. There aro no commissions
that mav be charged under the lawj nor
are there renewals. Jr I ' .'
"We have beeomo connected, witfl this
institution because of th financial :
strength of th men ba-k; of it,'.'; said
the local attorneys, "notable among:
whom are J. Pope Matthews, president
of the Palmetto National Bank, Colum
bia S. C; W. B. Drake, Jr., presi-.
dent of the Merchants' National linns,
lialeigh, N. ,C. ; A. W. McLean,
wniithv iiln nter and banker of North.
Carolina; Thomas & Lumpkin, outstand
ing lawyers of the state, and Mr. ljcver,
the president, whose activities in behaiC -of
agriculture for 30 years are known .
to every one. Wo feel confident that
this institution is going to serve a most ;
useful iiurnose in helping the fanners
of this county to pay off on the instal
ment plan tho losses suffered in tne
recent depression. Tho Federal Land
Hank and this bank are acting in the.
closest harmony to take care of all the.
ueeds of agriculture m tho county.
SEARCHING FOR WARD'S
FATHER AND BROTHER
Subpoenas Have Been Issued
But They Had Left Home.
(By The Associate Press.)'
W1IITK PLAINS, N. Y., June 10.-
Sheriff's deputes today were search
ing for George S. Ward and Ralph D.
Ward, father and brother of Waltor 8.
Ward, confessed slayer of Clarence Pe
ters, ex sailor.
Subpoenas for Ward's fathei' and
brother were issued yesterday, but they
had left the elder Ward's home in
Spuyten Duyvil, a few hours before
the servers npeared.
The authorities want to questum the
father of Walter S. Ward rcg.irdinif
the blackmail plot, said by his ton to
have caused the killing of Peters, in a
tight. May 16.
The reasons for the reported message
from Ward to his son "not cent
for blackmail, but I will spend $73,000
to put the gang in jail" are desired
by the county officials, who also want
to learn just how much Ward money
has Iweii paid the blackmailers and who
mado the demands.
PHILADELPHIA, June 10. John
Cienzoy of Wakefield, Mass., arrested
here last week on suspicion of being
the mysterious "Jack," wanted by New
York authorities in connection with the
killing of Clarence Peters ty Walter 8..
Ward, has been discharged. Invertiga
tion, the authorities said, showed that
he had no connection with the eao. .
. .-. 1
WILL NOT REQUEST FORD
TO RUN FOR PRESIDENT
(By The Associated Press.)
DETROIT, Mich., June 10. iMeis
ion not to make a formal requt it to
Henry Ford that he become a candidate
for president of the United States "for
several weeks af least" has been o j
by the executive eommittee-of the 't .r
born "Ford for Prsident Club." i ;
announced today by Rev.. Wi' -preident
of tb c'"K. j