The Columbia herald. [volume] (Columbia, Tenn.) 18??-1935, 1891-05-29
oyER THE COUNTY.

OYER THE COUNTY.
The District Conference of the NJ.
r. Church, Soutsf, met at Prospect,
emma yesterday. The action of the
Conference upon the Tennessee Meth
Odi-t is awaited with much interest.
William Sun merford, aged tweI :
tv-eipht years, died at Culleoka Tues
day of lung disease. He was buried
Yesterday at Petersburg, his former
home. He leaves wife and one
child.
BUCKS Milling Co., manufac
tures the Blue Seal Flour and every
pound of it is sold with the guarantee
to give project satisfaction. Ask
your grocer for it, aud return it and
get your money if it does not please
you But your return will be to get
another sack or barrel of the same.
IT,
The Franklin District Confer
ence of the M. E. Church South, at
Spring Hill last week recommended
the Tennessee Methodist as its official
organ by a vote of 80 TO "a.
Irish potatoes will soon be on the
market.
Bees are being robbed and the
hives are found to be very rich. There
has been no rain to wash the honey
from the blossoms, hence the album
dant yield.
When dealer tells you he has
''just as good as the Blue Seal
Flour" don't let that go down, for he
is either mistaken himself, or knows
better and is trying to put cheaper
grade on you. The Blue Seal Is the
best, and Bucks Milling Company
guarantees it. mayS-tf.
Pitts Dobbins, of New Orleans
came up last Fridly on a visit to his
brother DIR. w. A. DObbins OF 2lst
district.
Another sprinkle of rain this
week was that much to be thankful
for. More Is needed, but so far the
farmer is worse scared than hurt.
How to sell their flour puzzles
some people, and how TO tell good
-four puzzles others. They can all be
made happy by buying the Blue Seal,
fol it sells the best, cooks the best
and is the best. II.
Prof. s II Hardy, colored, has re-
| 'urned from the Central College al
Nashville and accepted a position at
Canaan, in this county.
L. G.. Fleming has been appointed
postmaster at Fountain Greek vice
Thomas White removed. Mr.. White
| has been the postmaster for ten years
aud did not know that his removal
was contemplated until he was
| notified of the fact.
Our regular correspondent from
| CampbelI's Station hasn't much faith
in the mysterious scratching at IL q
house of Mr.. Hobbs, an account Il
which was given in our last issue.
Tie letters in the Model Hus
| band contest will continue one more
week, because we could not devote
space enough this week to publish
them all. No more letters Will bt
received, however, and the Judges
will be named next week.
The Wheat Harvest.
Before it actually gets here we wish
| o inform the farmers who wish to
hold, that we will store it for them
FOR NOTHING. To those who do not
| wish to hold, we will give SO pounds
| of patent flour and 10 pounds of bran,
or-40 pounds of low grade Hour, for
one busheI of good wheat. This is
eight pounds more of flour than you
have been getting. Don't fail te
make this eight pounds when you go
to sell, and nobody else will give you
as much as
tt. BUCKS MILLING Co.
Why Local Associations Are Best.
The State Bank Examiner of Min
nesota has just made report on the
the condition of the American Build
ing and Loan Association of that
State, which should open the eyes of
those who have been foolish enough
to invest in the sO-called national as
| sociations because of the large re-
turns promised.
Mr.. Kenyon reports that he finds
| hnnIyo ~ he oSanniofinn fora
closed loans of $3I1 $40, on which
there will be loss of not less than
100000. So large a shrinkage in the
securities of q local association, while
not impossible, would be very unus-
ual, as the members of any we'll
managed local association generally
know to whom their money is lent
and see to it that the security is am
pie. The next item in the report,
however, reveals the weak spot in the
national association plan. The net
receipt for the year 1890 from interest
and premiums on loans, the only
sources of profit to the shareholders,
was $l30, 625, and the expenses for
the year $l48, 495, or SIT $40 more than
the earnings. In other words, this
sum had to be paid out of the share
holders monthly dues, impairing the
original capital of the association to
that extent after absorbing all the
earnings. The association was man
aged for the benefit of the officers, at
torneys, clerks and agents, instead of
the shareholders, and they proved
; themselves quite capable of manag-
ing it in their own interest eXclu-
sively. This reveals in clear light
why the local associations can pros
per and the national associations are
invariably doomed to failure. In the
latter the expenses absorb the profits
and in the former there are practi-
cally no expenses. While 1t may. be
true that the national associations
, are not all as eXtravagantly managed
} as the American of Minnesota, yet it
is equally true that national asso-
? citation cannot exist without a corps
of salaried officers and agents. Men
do not devote their entire time-can-
/ not do it, in fact-to an enterprise
i o: this kind without compensation,
let ii cir intentions be ever so honest.
The oily condition upon which the
building and loan association can be
made profitable to the shareholders
is that of mutual organization fol
the general benefit, the shareholders
meeting once a month to pay theiI
3 dues and employing secretary who
g is only paid for the time he actually
h expends in his work. This condition
: does not and cannot exist in connec'
ton with the national associations
3 thus rendering it practically impOssi-
BILE that they can be either rs safe OIL
profitable as the local associations
2 Philadelphia Times.
q A Young Mother.
2 At the Columbia Jersy farm, three
2 miles from Columbia, Jersey heifel
ONLY Is months and 10 days ole
DIR. pped a calf last Friday. The cal
80 L.. .r1,,,,,c. rnnih nr O hnth dOini