davidaulloa/AmericanStories huggingface dataset:
Cheraw chronicle. [volume] (Cheraw, S.C.) 1896-2005, 1922-05-18
TIE PLACE OF SHEEP
IN SOUTH CAROLINA

! Clemson College, May 1.-THE pro-
ductiOn of meat in South Carolina
has always been less than the con-
sumption would warrant, and 1t is
now necessary to increase this pro-
duction, because the purchasing pow
er of aany of the meat consumers has
been greatly lessened on account Of
the present economic conditions. The
sheep offers one of the most profita-
hi. types of livestock to make this in
crease according to l.. V. Starkey,
chief of the Animal Husbandry Divis-
ion, who thinks that small farm flocks
of about 90 ewes should be seen or
many farms. Sheep require less care
than hogs and much less range than
beef cattle, and in thicldy populated
state CT small farms, such as South
Carolina, they should prove profita-
BILE source of revenue.
WoCl and Meat fnOm Sheep-An av-
erage high grade sheep can produce
a fleece weighing from five to eight
pounds, and raise lamb weighing 80
pounds in year. If necessary it can
live without single mouthful of grain
since our forage corps and permanent
pastures will carry sheep the year
round. Tohugh in this section of the
country grain. is scarce, forage crops
and permanent pastures may be cheap
ly and easily grown, and sheep will
utilize these crops at profit. In
fact, sheep have two important advaa-
tages over otehr classes Of livestock.
They require practically no grain and
tehy destroy brush and bushes.
Drawbacks May BE 0vercOme-lt is
quite true that there are many draw
backs to sheep raising, such as dogs.
stomach worms, poor fences, poor
markets, etc, but these difficultieS
may be overcome For example, if
the people in community get inter
ested in sheep they also get interested
in eliminating the cnrs and taking
proper care of the good dogs. If sheep
are frequently changed from one pas
ture to another, stomach worms and
ether parasites may De controlled. If
a few neightors go together and raise
sheep thsy can pool their wool and
market lambs by the carload
The best way to get into the sheep
business is to locate and purchase
half-dozen high-grade ewes. BY
saving the eve lambs the flock may
bogradrally, enlarged to the size de-
sired.
There is probably no brsed Of sheep
better adapted TO this state than the
Scuthdowns.' They are hardy, blocky
sheep, well adapted to the production
of mutton.
Cheraw chronicle. [volume] (Cheraw, S.C.) 1896-2005, 1922-05-18
JENNINGS OWENS =
SEEK HIGH PLACE
(The State)

(Tne SlaleD AtEef
Jennings K Owens Of Bennettsville,
for four years prominent member
of the house of representatives, an
nounced yesterday that he would be
a candidate this summer for the DEM
ocratic nomination as Lieutenant
Governor. This is the first announce
ment Of a candidate for this honor.
Mr.. Owens was in Columbia yesterday
to attend the Democratic convention
and it was while here that he made
the definite announcement that he.'
would be in the race. He was elected
vice president from the sixth congress
sional district at the state convention
yesterday.
Mr.. owens, who Is a prominent
member of the Bennettsville barrskas
practiced his profession for Is years.
He came to tie house Of representa-
tves four years ago with Messrs. Nc
Laurin and Pegues, these three MAX
ing the race without opposition. Two
years ago with six men in the ,pri-
mary he was elected on the first bal
lot, receiving the highest vote cast
for any candidate for the house In
his county that year. Mr.. Owens has
been a member of the judiciary COM Z
mittee for four years.
Mr.. Owens, who is a native OF Rock
Hill, was educated at Banks high
school, York, receiving a thorough
foundation under the late distinguish
ed teacher, A. r. Banks. He went to
Wofford college and was graduated
with the class of 1898. The following
year he returned to York and taught
for two sessions in the public school
of that town and later taught three
years in the public school OF his home
town, Rock Hill. While teaching ne
read law and passed the bar examina-
ton in 1904. Mr.. Owens went direct
to Bennettsville to be associated with
the late Hope H. Newton. Since Mr.,
Newton's death about ten years ago
he has practiced his profession alone.
Cheraw chronicle. [volume] (Cheraw, S.C.) 1896-2005, 1922-05-18
SOUTH CAROLINA COTTON
GROWERS MEET TUESDAY

Columbia, May 15.-Members of the
South Carolina Cotton Growers AS
sociation have been called by the or
ganization committee Of the associa-
tion to assemble in their respective
county seats on Tuesday, May 2Srd,
at noon, for the purpose OF setting the
machinery for a permanent organiza-
ton in motion.
Each county convention will on that
date elect delegates to district con-
vention, the basis of representation
being one delegate for each county
and one delegate for every 1000 bale;
or majority fraction thereof. Thus
Greenwood county with 1902 bales
signed up will be entitled to ten del
egates to the district convention.
Aiken county with S.159 bales signed
up will be entitled to nine delegates.
At each of the district conventions
to be held on Tuecday, May 80, at the
district centers which have been des-
ignated by the organization commit
tee two candidates will be named Fol
lowing the district conventions a post
card ballot will be sent every member
Of the association and he will be asked
to indicate his choice Of the two can
didates from his district If neither
! is acceptable to him he may scratch
both and write in the name of his
choice.
The state has been divided into ten
districts and ten directors are to be
elected. The districts are as follows:
District No. ]. Marlboro and Ches-
/ terrified counties.
District No. 2. Greenville, Pickens
Oconee and Anderson counties.
District No. 3. Spartanburg, Lau-
rens, Union, Newberry and Cherokee
counties.
District No. A. Abbeville, Green
wood, Mccormick, Edgefield, Saluda,
Aiken. Barnwell and Allendale coun-
| ties.
District No ). Darlington and Lee
counties.
District No. 6. Dillon, Marion,
Florence, Horny and Georgetown
counties.
District No. {. Richland, Lexington
and Calhoun counties.
District No s. Oranges burg, Dor
chester, Colleton, Bamberg and Hamp-
ten counties.
District No. 9. Sumter, Clarendon
and Williamsburg counties.
Distict No 10. York, Chester. Lam
caster, Fairfield and Kershaw coun-
ties. ..
Cheraw chronicle. [volume] (Cheraw, S.C.) 1896-2005, 1922-05-18
BOARD OF TRADE BANQUET
WEDNESDAY NIGHT

On Wednesday night, May 24th,
The Board of Trade will give a ban-
quet to the business men of Cheraw
and vicinity.
Mr.. G.. r. Lowe will tell of his IA
nous Neosha plan which has beers
taken on and worked by a large num-
ber of towns over the country. The
merchants especially are being urged
to hear Mr.. Lowe. gte
Wadesboro, N. c., says its a treat
to hear him whether the plan is adopt
ed or not.
About rs people are expected to at
tend the banquet.
Cheraw chronicle. [volume] (Cheraw, S.C.) 1896-2005, 1922-05-18
Services at First Presbyterian Church

First Presbyterian Church, Cheraw
S. c., Rev. A. H. McArn, D. D., Pastor
Sunday School at 10 A. NJ, Mr.. Joe
Lindsay, Superintendent.
Morning Service at 11:1a A. NJ.
Morning Text:
Jno 1922: IF | Had Not Come"
Evening subject:
Cor. 1879: For Great Door and
Effectual is Opened Unto Me-"
Evening Service at P. NJ.
Prov. 6-1O. "Yet a Little Sleep, a
Little Slumber."
Prayer Meeting on Wednesday
evening at 8 o'clock.
Cheraw chronicle. [volume] (Cheraw, S.C.) 1896-2005, 1922-05-18
4 COOPERATIVE GUERNSEY
BULL ASSOCIATION
(Contributed)

Growing out of work now hcin2
done to secure better sires in Cnes-
terrified County, and the interest being
shown, the county has wondsrfu
opportunity to forge ahead as ii uni
fled dairy county in its chosen breed
Guernseys, by the formation Of CO.
operative Guernsey Bull Association.
It is remarkably significant that so
much interest is beng shown aud
farmers everywhere are realizing,
while time is opportune, the necessi-
ty Of better livestock, diversificatiun
and the necessity for unified and CO.
operative effort. If present plans on
the part of representatives of Clemson
college and the United States Agri-
cultural department cooperating with
county agent w. J. Tiller, work out,
s or 10 we'll bred Guernsey Bulls will
be placed at various points i'll the
county. These animals will be repre-
sentative of the best blood of the breed
with a guaranteed production backing
them. They will be animals that will
be in the reacl Of hundreds of farm
ers in the county and such that no
average farmer could afford to pur-
chase except by cooperative effort.
The bull association plan is economi-
quickest and most economical plan
that can be devised, being more eco
onmical to participants in the asso-
citation than individual ownership OF
the worst kind Of scrubs; and the
most laudable part is that farmers of
this county are awake to better breed
ing, conservation Of the best native
stock, and building it up by this plan
of cooperation.
What does it mean for the future
1t means a unified effort OF the county
toward one breed. 1t means the
quickest and mots economical plan
of upbuilding 1t means in only four
years possession of the equal of ap-
prOXimately 10 carloads Of high grade
COWS now imported from some north
ern state, to say nothing of the pure
bred animals that will be used. It
means Chesterfield county standing
out in the Guernsey world as a Guern-
esy county and last, but not least, it
means a spirit of cooperation is being
developed-the future protection Of
American farmers.
AS a strictly business proposition
farmers should look into this plan.
who have not had the opportunity al
ready. If a heifer calf from one of
the old scrub COWS and one of these
high class bulls is worth in cash
money 20 to 80 dollars more than one
from a scrub bull, or pure bred bull
backed by no production records, then
it is worth while, and the sooner
farmers start building up by the use
of better sires, just so soon will they
have more valuable livestock. And
farmers of the South are learning
that livestock is just as much part
ner of cotton as a partner of corn and
wheat in the North.
Cheraw chronicle. [volume] (Cheraw, S.C.) 1896-2005, 1922-05-18
Services ut Methodist Church.

Methodist Episcopal Church, South
DR.. Watson B. Duncan, Pastor.
"The Friendly Church"
Sunday School at 10 A. NJ, Mr. II. A.
Mcleod, Superintendent.
Preaching at j A. NJ. and p. NJ.
by Rev. w. L. Wait, of Florence, S. G..
Junior Epworth League at =. NJ.
Senior League at Ills P. NJ.
Prayer Service on Wednesday at
s p. NJ. Topic: Studies in Practical
Religion" Studies in the book of
Ames.
Public cordially invited to all SER
vices.
Cheraw chronicle. [volume] (Cheraw, S.C.) 1896-2005, 1922-05-18
3 4 CKW ARD CLAN ICES
News Our Great Grandfathers Read
in The Charleston Courier
May II, 1922.
STEAMBOAT AT CHERAw

The steamboat Pee Dee returned
from her last trip to Georgetown on
Sunday last, having made her entire
trip from Cheraw to Georgetowr and
back in four days and six hours. She
has been detained at Cheraw this week
by the indisposition of Capt. Ellins.
The above will be of interest to the
older Citizens of Cheraw, because
Captain Elkins lies buried in old st.
David's church yard. He is said to
have taken the first steamship across
the Atlantic-the Savannah.
J. S. HARTZELL.
Cheraw chronicle. [volume] (Cheraw, S.C.) 1896-2005, 1922-05-18
MARRIED on MONDAY

Mr.. Frederick Dameron and Miss
Ethel Womack surprised their many
friends by being married on Monday
afternoon al o'clock 1t was gener.
ally understood that they would be
married soon, it no one sus7ecte !
that the marriage would take place
so early. DR.. Watson b. Duncan per-
formed the ceremony.
The happy couple left on the after
noon Coast Line train for trip OF
several days. Mr.. and Mrs. Dameron
have a host of friends in Cheraw who
wish for them most prosperous
welded life.
Cheraw chronicle. [volume] (Cheraw, S.C.) 1896-2005, 1922-05-18
CHERAW WINS GAME
Bennettsyille Defeated by Thirteen
to Nothing Score.

Chcraw defeated Bennettsrille here
Tuesday afternoon, 13 to 0. The game
was featured by the hitting of the en-
tire Cheraw team and pitching of Lide
for Cheraw, who struck out Is men
and allowed only four scattered hits.
Bennettsville fielded poorly, account
ing for several scores.
Cheraw chronicle. [volume] (Cheraw, S.C.) 1896-2005, 1922-05-18
Contributions To The Woodrow
Wilson Foundation TO Date

We are publishing below the names
of those in Cheraw who have contrib
uted to the Woodrow Wilson Founda-
alton. For the next few weeks we Will
publish the names Of contributors.
Cheraw chronicle. [volume] (Cheraw, S.C.) 1896-2005, 1922-05-18

100000 have so far been expended by
national headquarters and the South
ern Division on relief work.
Cheraw chronicle. [volume] (Cheraw, S.C.) 1896-2005, 1922-05-18

$3.50 a year for The Chronicle
Cheraw chronicle. [volume] (Cheraw, S.C.) 1896-2005, 1922-05-18

The Chronicle S1.50 Il year.
New-York tribune., 1922-04-03
Likes Baby Bonds

Question: am a baby bond customer.
una ask your opinion of Adams Express
@" IA. DO they come in Slo0 pieces? Are
the Adams Express properties, of which
they have several In various sections back
Of any OF these bond Issues? / know one
source OF revenue is that derived from
American Railway Express Company. Also
Kindly advise If any issue of Bush Termi-
nal Building or New York Dock comes in
90 bonds, and which OF the two latter is,
III your opinion, preferabie.-E. J. c.
Answer-There are two classes of
Adams Express Company collateral As,
one due in 1948 and the other in 1947.
70" cannot obtain either in 500 de-
nominations The AZ of l94S are Sc
cured by deposit of railroad and other
securities having a par value of $l3,-
) 900. as compared with $l2 ,O00 600 of
the bonds outstanding. The 4s Of 19A7
are secured by the deposit of bonds of
par value of $50, ,270,500 and stocks with
par value of S4,425, ,15O and $7OO,0OO in
6 per cent notes of the Adams Land and
Building Company. Neither the Bush
Terminal Building 5s nor New York
Dock 5s are obtainable in 500 dcnom-
nations.
New-York tribune., 1922-04-03
Safety Of Foreign Bonds

about Investments get wy lit:'e salts
fact,o1 a. except IN soInethins that they
you think that the Dcpsrtn,nn, et tha
Seine IS, 1872; United States of Brazil SIS.
1914 and Republic sf Chile as, lo41, wou!i
foreign Issues % bonds are so much higher
rate than dome"'ic bonds? Your rep.y
will be extremely apprect-tcd.--II l., G.
Answer-"Safety" is q relative term.
You will end United Kingdom of Great
Britain and Ireland 5Hs selling at 100,
and Chile and Brazil IS selling only
four points higher. Likewise you will
find U. S. Steel IS selling at 100 and
some other domestic bonds bearing an
8 per cent coupon selling at the same
price. The answer is relative safety,
and the proper comparison is one
foreign bond with another. The Steel
Corporation is an institution that has
acquired high credit rating by virtue
of its record. The British government ut
has at stalks a financial reputation
built up through generations of deal
ings with other countries. The Seine
Is have an advantage in that they
are not callable. The three are
suitable as business mans invest
ment. An element Of speculation is in
volved in that political conditions in
the several countries may bring about
unfnvorable developments, but bust
ness man should be in position to
watch these conditions and be pre-
pared to change his holdings if 1t
seems advisable. This added risk nc
counts for the higher interest rate.
New-York tribune., 1922-04-03
Chinese Railway IS

Qucstion--Will you please give mo your
opinion of the Chinese Railway AZ 1851?
W by are they selling so low (around 500 :?
Are they callable, aud how are they Sc
curvdr l am tempted to buy one or two,
hut would like to know a little moro about
them hrst---A. Il. McM.
Notwithstanding your question
about the reason for the Chinese rail
way SIS selling so low (they arc now
quoted around 54), we would say that
the weakness of this issue fairly re-
fleets the unsettled condition Of the
Chinese government finances. Al
though the greater part of this loan
was used for the construction Of
Chinese government railroads, there is
no railway property placed as security
for the loan. The bonds are a direct obli-
cation of the Chinese imperial govern
ment and are secured by first charge
OF certain Chinese taxes. Beginning
jane Is, 1922, a stated amount of the
bonds will be drawn for redemption
annually, the amount increasing in
such way that the aggregate of draw
!ngs during the next thirty years will
he sufficient to retire the entire issue
by the last interest date. The bonds
are speculative, in our opinion, but
might be suitable for business men
who can afford to take a certain
amount of risk
New-York tribune., 1922-04-03
Small, Goupon Bonds

QucstIon-Kindy give me names Of 2
pcr cent and 4 per cent railroad or public
utility bonds that are we'll secured. Those
asued in denominations smaller than
ST, 600, If there are any such.--A. l.. b.
Answer-It is easy enough to give
YOU list of we'll secured bonds bear
ing 3 and 312 per cent coupon rates,
but when you stipulatc that they must
be obtainable in denominations smaller
than $1,000 you make the selection diff
cult. The reason is quite simple. You
can take it for granted that any bonds
bearing such low coupon rates were
put out either early in the present CEN
tury or late in the nineteenth century,
and IN those days bond that was
offered in denominations smaller than
$1,000 was the exception. Pieces
smaller than $500 were practically un-
heard Of, and have become popular only
during the last ten years or so. Cen
trail Pacific 31as, 1929; Illinois Central,
ST. Louis Division & Terminal IS,
1851, and Illinois Central, Louisville
Division & Terminal 3l5s, due 1858
are obtainable in $500 denominations.
The following meet your requirements;
except as to denomination: Albany &,
Susquehanna 3las, 1916; Battle Creek
q Sturgls Is, 1889; Chicago, Burling
ton q Quincy 312s, 1919; Chicago L.
northwestern 312s, 1887; Lake Shore G.
Michigan 31as, 1897; New York Central
q Hudson River 3 rs, 1897, and North
ern Pacific 3s, 2047. There are many
more IN the same class, but we believe
that this list will serve your purpose.
New-York tribune., 1922-04-03
Costa Rica sc


- Vueation-Wili You please let me know
If the Costa Rica 5s OF 1911 arn y safs NV
IcStment? believe that this bond 10 now
oe'hg advertised by Pynchon G. CO.. of vour
10y, 1t ls also being handled by the
american EXrrcss Co. This bond I believe
10 r'sarocd as being speculative but II has
p"ElhE interest since 1911 reEular1v
On" @ ior this reason 1t is more or less sea :
Soneu; AZ least, l believe that 1t has had
no ltilshaps to interest since it was oriyi-
l'",N w, h'ooSh MT out. Five months aeo It wn7
Se"lhe aoout 10 or 12 points lower than it
- now selling. 1t Is still chean If II &c
safe. or relatively 80 1t Is nors or ~ ,s, .s Is >
doubtful bone. believe. but 10 what ~ IL
tont. 1T is doubtful I havo no ide, an1
Nou'o pc very pleased to have you inform
'1e.-lf. N. j. ''N '"'o' III
Answer-Costa Rica has a long and
unenviable reputation for defoultino IN
Us u aebt obligations prior to 1911, When
Erlt'sh bankers undertook to consoli-
nave ga miscellaneous loans Of the state
me result was the issuance Of thia +
per cent loan Of 1911. During thn firxt
Ten years the coupon rate was 4 n-r
cent, but in 1921 it was Increased -
. per cent. There has been no de-
ia9l' SINCE 1911. The bonds will be
sedeemed IN 1854 at the fixed rate ~
1886 to the pound sterling. Costa
Rlca's credit rating has been materially,
enhanced by its record on this bond
Slhce l9l l, but there still remains a
certain element of doubt in the invest
ment public's mind, and that is The
reason why the bonds are now nm on
. per cent basis. Oh
New-York tribune., 1922-04-03

Let us state at the outset that we
could include in list Of legal invest
ments a bond that is rated so low that
it yields over 10 per cent to maturity
one Of the St Paul issues. The pur-
chase of that bond would amount to n
specu lation, and the fact that there are
speculative issues among the bonds
which tho New York State Banking
Department permits savings banks to
buy must Immediately raise doubt as
to whether, after all, the legal status
Of bonds can be accepted as guido
to their investment worth.
Savings bank depositors need not be
alarmed at these statements, for the
function OF the state banking authori-
ties in this respect is to prescribe limi-
tations beyond which savings bank
trustees cannot go. Tho trustees use
their own judgment and their judg-
ment on the whole. is good What the
savings banks actually do buy is a
better guide for the individual investor
than what the savings banks are per-
mittcd to buy. New York State savings
banks arc permitted to invest in tho
first mortgage bonds Of railroads To-
Gated within this state, or Of any rail-
road of this or another state connected
with and controlled and operated as
part of the system Of any sueh rail-
road of this state, provided that divi-
dends at the rate of at least 4 per
cent have been paid in each Of the five
years next preceding the date Of in
vestment. The bonds of several other
railroads that do not meet the REQUIRE
ments with respect to location and
control of properties are designated bv
tho banking authorities as legal invest
mlents. but in the case of these also it
is stipulated that record for earnings
and paying a dividend Of at least a
per cent in each of ten years next pre
ceedlng the time of investment must he
SHOWN, One other class of bonds of
these roads qualities for legal invest
ments. There are other renuirements
out TINS is the essential one.
Owing to the conditions PREVAILING
during and Immediately following tho
period of Federal control of the rail-
roads the New York banking authori-
ties suspended these requirements for
period ending March l, 1922 Owing
to this suspension the poor earning
records of the last few years have becn
ignored, and it follows, therefore. that
the rating Of a bond as legal invest
ment does not necessarily denote safety
New-York tribune., 1922-04-03
Utility Bonds for Investment

t!uestlon-Wil you please give me our
opinion of the following utility bonds as to
whether they are callabe and as to an in
sPSllneht tor workngman Of moderate
means; a, Puget Sound Power and Light gen
eral and refunding 7Ms, 1941; PennsyIva
ma POWER and Light first and refunding
~, series A. 1851; Ohio Power first and re-
iundins rs, Series A. 1851. IL not an in
Nestment, will you please suggest about
three GOOD utility bonds. G or I per cent,
noh-callabe and listed on the New York
STOCK ENchan8o?-W i. McC.
Answcr-Thc three bonds mentioned
IN your list are calable at any time.
we would suggest for your investment
New York Edison 6 rs, 1941, returning
currently about 6 per cent and non
callable to 1896; Western Union Tele
graph 6As, 1886, selling recently to
give current return of about 6 per
cent; Pacific Gas and Electric SIS. 1912.
selling to yield about per cent to
maturity. The last named issue is
callable at any time, but the low
coupon rate makes it unlikely that the
company will see fit to call them. We
do not think that a man in your cir
cumstances can afford to take bonds
that are less secure than these.