Richmond Palladium (Daily), Volume 44, Number 157, 15 April 1919 — Page 12

PAGE TWELVE

THE RICHMOND PALLADIUM AND SUN-TELEGRAM TUESDAY, APRIL 15, 1919.

LANCASTER LEAF MEN FORM BANK TO FACILITATE HANDLING GROPS

By WILLIAM R. SANBORN. LANCASTER Pa.. -April 16. The Seed Leaf Tobacco Growers' company of this city has lately begun to Bee daylight, according to Charles F. Hess, secretary and general manager. "It took us five years." said Mr. Hess, "to get a paid In capital of $35,000 and there we stuck up to January last. "Within the last three months we have added more than $200,000 to our cash assets from sales of stock and have now about $250,000 worth of stock outstanding." There must have been some good reason for this Budden growth, and there was. The needs of tobacco farmers, who rebelled at the Inaction of the Independent packers, and the low prices offered for the 1918 crop was the urgent Incentive, we suppose The Seed Leaf company Is Incorporat ed for $500,000. but is is not intended to push the sale of the balance of the stock at this time; a lot of it will bo held in reserve for future emer gency. A lot of this stock has been paid for in tobacco and nearly all of that tobacco lies here in storage. This means that while out of "sight" so far as farm holdings are concerned, it is still to be marketed and figures In the visible supply. And It is the "visible" supply which counts with the manufacturer or his agent, whether on farms or in warehouses of independent packers. Farmers Own a Bank. The history of the Lancaster Seed Leaf Tobacco Growers company is a story of timely Interest, and rich in suggestion to Ohio and Indiana tobacco farmers. Before we go into the details of most interest let us state that the present management is not the same as that which succeeded so slowly in Inspiring confidence. Mr. Hess is a later man at the Seed Leaf tat. Just why, in this apparently rich field for such a co-operative combination success was so slow in arriving need not form a part of the story. That this has "been a going concern or some time and that its fight for a place in the Industry resulted in the establishment of a strong and prospering bank is the outstanding feature In what ia to follow. There would seem to be room for a few such packing corporations and banks in the Ohio tobacco counties, Judging from present conditions in the leaf market. Couldn't Borrow a Dollar. In the early days of this concern, whether from lack of confidence in Its management, or because of opposition in financial quarters, the Seed Leaf folks had hard sledding. We are told that a very visionary and illogical enthusiast was the inception of the company, but this Information does not come from any members of the concern. It has been volunteered, Indeed, by two or three men in the tobacco business, who questioned me with reference to what I had learned during my visit to Lancaster. Now as to the founding of the bank. There came an evil day when the company had to raise a little matter of $20,000. What to do about it? Well, a lot of strong farmers Jointly and individually endorsed a note and all was serene. But not so fast, gentlemen. A perfectly good note is , one thing cash in hand another. As Mr. Hess tells it, that note was "peddled" all over Lancaster, and every bank turned it down; didn't care to discount it. Finally an officer of one large bank admitted that the note was gilt edged, and that they had plenty of loanable funds. "But," Bald the banker, "you can't get any money on that note at this bank" and they didn't; nor at any other bank, for that matter. When the farmers who had endorsed the $20,000 note learned of its turnUne down by the several banks they "went up in the air." They were mad enough to get into action and the toext day Lancaster's three evening patera announced that there was to be a new bank In town within the next ilew weeks and that the farmers were I back, under, and on all sides of the !thw financial venture. The effect of this announcement was electrical. It seemed to autoIxnatlcally Increase the supply of loanable funds, over night. The next day that Seed leaf note would have been (welcomed at most of the Lancaster A citv banks. One bank phoned, it is said, asking that the jnote be brougbt to nis DanK ior aisj count, as he would be glad to accommodate. Agricultural Trust Company. Thn rrisia was brideed. the note dis counted and,everything was once more (lovely. But the purpose to estaDiisn A, bank was not deflected. The Agricultural Trust company resulted and nulcklv In operation. It is es sentially a "farmers' " bank, and would you believe it, it Is opened for business at 7 o'clock every bank day morning. When does it close? It closes at 4 p. m. except on Saturdays, when it postpones the closing until 9 o'clock at night. This young institution has $250,000 capital, a healthy surplus and $2,000,000 in deposits. One of the officers of the bank stated that their deposits were slightly over two million on the date of my visit, and their assets, in round numbers, $2,300,000 on that day, as I recall. He a!ao stated that of their large list of stockholders fully 95 per cent are farmers, that is to say in this instance, tobacco growers, it 13 to be presumed. Time was when one could not borrow on Seed Leaf Tobacco Growers Btock, but such is not the case at this time, we understand. It now has collateral value at the banks. We have related this story as one example of tobacco crop financing and handling in the Lancaster district. There are probably other 6imilar cases or will be in the country districts. The Grower3 company is not a price booster. They take in on its merits womav rniEn with paix Thousands of women work today while suffering from kidney or bladder ailments that can be relieved. Mrs. L Wavu, 2726 Srd St., Ocean Park. Cal.. writes: "I had to sit down during my housework. My back ached so, also my hip pained me bo I used to cry out, the pain was so wreat Now I am thankful To say that Foley Kidney Pills rid tne of all my pain." Backache, sore muscles, stiff or swollen Joints, rheumatic pains are indications of kidney trouble. Foley Kidney Pills are safe snd reliable. They bring quick results. ,i"or sale by A. G. Luken & Co., Adv.

and at current prices for quality delivered, whether they pay in cash or in stock. Their next problem is to market at a profit to stockholders, and the higher they sell at, the greater the dividends to the farmer. Up to Jan. 1 of this year their net earnings from the beginning was 137 per cent on the amount actually paid in for stock up to that date. This is the statement of an officer of the Growers company, and made at an interview last Friday. Federal Reserve Loans. . It Is of Interest and Importance to state that there is a chance that the government may yet assist in the financing of the farmers' tobacco through the Federal Reserve banks. Tobacco, properly cured and stored, improves with age, and is good security for loans. Now the Bureau of Warehouse Investigation is working on a plan permitting the farmer to store and insure his leaf, and to make his warehouse receipts acceptable as collateral at Federal Reserve banks at legal interest rates. That this will be accomplished is not yet a certainty, but in view of all the circumstances looks to be a reasonable proposition and one which may ultimately, and possibly shortly be in effect. (To Be Continued.)

Camden, 0. Frank White of Kansas City, Is visiting Dr. Hoursher and family. . .Chelsea Pollock of Columbus, O., spent the week-end with his parents. He is a member of the faculty of Columbus High school.... Miss Helen Clark and Miss Vera Coombs of Miami university spent the week-end with their parents.... Howard Pattison has been confined to his home with rheumatism the last few days Charles Kenworthy and family of Cincinnati, O., spent Sunday with his parents, J. W. Kenworthy and wife Charles Smith spent Sunday with his sister, Mrs. J. W. Kenworthy George Brower of Richmond spent Sunday with hi3 mother, Mrs. Elizabeth Brower Daniel Scott of near Peru, Ind., spent several days last week with his cousin Mrs. Mary Robinson. He had not been in this part of the country for almost fifty years, so he saw many changes.. ..Mrs. J. E. Randall is in Richmond, Ind., the guest of her parents, Mr. and Mrs. John F. Stubbs of South Fourteenth street Mr. and Mrs. Al Courthouse of Richmond, spent Sunday with Mrs. Elizabeth Brower Robert Duskey spent the week-end with his uncle, George Brower of Richmond, Ind.... Miss Grace Moon spent Sunday with her sister, Miss Blanch Moon.. Miss Blanch Moon spent Monday in Dayton.... Mrs. Margaret Pierson of Hamilton, spent Sunday with her brother, O. D. Pocock. . . .Mr. Joe McGriff of Hamilton, spent Sunday with the family of O. D. Pocock. . . . Charles Fowler went to Columbus, O., Thursday to .meet his son, James, who has Just returned from overseas Ed Fowler was a business visitor in Richmond, Ind., Friday Kenneth Rideneour of Dayton spent Sunday with his sister, Mrs. C. F. White Miss Gladys Roberts of Somerville, Fpent yesterday with her Bister, Mrs. Robert Benson. .. .Miss Lois McShane of Middletown, O., spent Sunday with her parents, Mr. and Mrs. Lin McShane Mrs. C. M. Thomas of St. Louis came home with her mother, Mrs. Elva Johnson, who had been visit-; ing her daughter Mr. and Mrs. McDonald, Miss Bess McDonald and Harry Graw made a business trip to Hamilton, O., Saturday. .. .Frank Mil ler of Richmond, made a business tripj to mis cuy last saiuraay jvirs. C. M. Thomas made a business trip to Cincinnati, Saturday Mr. and Mrs. David Kenworthy and Mr. and Mrs. Robert Kenworthy spent several days of last week with Mr. and Mrs. Longman of Richmond Howard Scott and daughter, Miss Sarah, and J. P. Scott were la Richmond Friday on business.. font Suffer From Piles Sample Package of tht Famous) Pyramid Pile Treatment Non Offered Free to Prove What It AMU Do for loo. Pyramid Pile Treatment gives quick relief from itchlnp, bleeding or protruding piles, hemorrhoids and Pyramid fa Certainly Fine and Works) Such Wonders So Quickly. such rectal troubles, In the privacy of your home. 60 cents a box at all drusfflsts. Take no substitute. A eingle box often relieves. Free sample for Trial mailed in plain wrapper, if you eend coupon below. FREE SAMPLE COUPON PYRAMID PROd COMPANY. 673 Pramld Bldg., Marshall, MlctJ. Kindly aenfl ma a Fre sample of Pyramid Pila Treatment, la plain wrapper. Name... Street , City State r

lb 3 L

asm

Tuesday and Thursday afternoon and evening and on Saturday morning, afternoon and night. '

Greensfork, Ind. Harry Hatifield of Dayton, spent the week-end with his parents, Mr. and Mrs. Luther Hatifield.. .Miss Mabel Wise and mother, Mrs. Charles Wise shopped in Richmond Saturday. ..Miss Helen Roller of Earlham college Bpent the week end with her parents, Mr. and Mrs. William Roller. Miss Helen has as houseguest3 for the week the Misses Margaret Bratton and Lucille Williams of Earlham college Mr. and Mrs. Frank Simpkins and children Alma Jane and Paul atended a family dinner at the home of the former's parents, Mr. and Mrs. Abner Simpkins, near Connersville. Miss Edna Altic of Richmond spent the week-end with Miss Margaret Breen Miss Edith Smith of Dayton spent the week-end with her sister. Miss Helen Smith.. . .Miss Helen Jenkins, Morman Webb and Miss Alice Goodwin of Richmond, attended service at the Friends' church Sunday morning Miss Agnes Smith returned to Richmond after spending the week-end with her parents Miss Ruby' Sanders entertained at the home ot- her sister, Mrs. Paul Yunt, Friday evening. The evening was spent in games and music and a social time was enjoyed by the Misses Lucile Gentry, Iva Nicholson, Lela Kitterman, Helen Roller and houseguests Margaret Bratton and Lucile Williams of Earlham, Mabel Wise, Lora Boyd, Mr. and Mrs. John Townsend and daughter Irma, Russel Sanders, Ruby 3anders and Mr. and Mrs. Paul Yunt... Mr. and Mrs. Harris of Sugar Grove spent Sunday afternoon with Mr. and Mrs. Ben Harris.

Eldorado, 0. Mr. and Mrs. Charles Schlossar, Mr. and Mrs. James Pence and Daniel Pence called on Mrs. Jane Swartzel and daughter, Mary, Sunday Mr. and Mrs. Harley Brown and daughter Dola, were the Sunday guests of Mr. Brown's mother, Mrs. Eliza Brown of West Manchester Mrs. Elizabeth Barnhart went Sunday evening for a few days visit with Mr. and Mrs. James Pence Mr. and Mrs. Merkle Miller and children and Mrs. Jennie Miller spent Sunday with Mr. and Mrs. Emil Roberts- of near Yankeetown. . . . Mr. and Mrs. E. E. Hollinger entertained Sunday Mr. and Mrs. Wm. VanNorman and daughters, of near New Madison, Mr. and Mrs. A. B. Miller and daughter, Evelyn, and Mr. and Mrs. David Wolford and daughters, Florence and Ruby Mr. and Mrs. Ralph Truitt and children 6pent Saturday visiting relatives in Eaton Mrs. Leonard Stayton went to Eaton Tuesday to visit with her parents, Mr. and Mrs. John Fisher Charles Henderson and family entertained Mrs. Ellen Henderson Saturday night and Sunday. Willis Emrick and family were also their Sunday guests C. B. Williams and wife spent Sunday afternoon in Eaton visiting Mrs. Mary Williams Bert Eddins and wife and William Oswalt and family attended the revival at West Manchester, Sunday evening. .. .William Oswalt and family called on Mrs. Mary Eddins, Sunday afternoon Milburn Weaver and family of Logansport, Ind., William Rautsaw and wife of Eaton, Miss Maud Rautsaw of Dayton and Walter Rautsaw and family spent Sunday with Ed Rautsaw and family. . . . .Walter Cahill and family of Lewisburg spent Sunday with Fred 'Wheo you're about all tired out Ana don't know what to do Meat everyone Say Golden Sun IffUl out new life In yea; FS OLDEN Sim Lis Coffee is not sold by peddlers or mail order housss. Established grocers know that, standard brands give belter value smd make better friends. Buy Golden Sun, whicK is all coffee and tfox. your moneys worlh. The Woolsoxv Spice Co. Toledo, Ohio

Schlierit and family. ... Mrs. Ed Weyman of Middletown spent from Thursday until Sunday with her brother, H. A. Peele and family. . . .Harris Minnick and family spent Sunday with T. A. Eikenherry and family. .. .Mr. and Mrs. Harley Coovert entertained at their home northwest of town, Sunday, Mrs. Ella Coovert and Bon Harold of Dayton, S. J. Coovert and wife, Clarence Spitler and wife, T. A. McClure and family Ralph Duckwall and wife were afternoon callers .... Frank Deem and wife, G. F. Crane and family, and Amoa Shaeffer and wife spent Sunday with Jacob Shaeffer and family Mrs. Clara Horine spent Sunday with her Bister, Mrs. Frank Miller and family. .. .Guy Campbell spent Saturday night with Lowell Penland Leonard Stayton and Ed Bunger spent Sunday in Eaton. .. .William Ervin and wife entertained the latter's brother, John Barr and family of Campbellstown, Sunday L. E. Horner and wife spent Sunday with the latter's parents, L. A. Bookwalter and wife of Brookville.

Lynn, Ind. Mr. and Mrs. Fenn were Sunday guests of Mr. and Mrs. C. T. Hoover. . ..Willie Parker of Indianapolis spent Sunday with his parents Mr.. and Mrs. James Parker Mrs. Newton Reed, Mrs. Frank Daly, Mrs. F. Martin of Greenville, O., and Miss Mabel Bowen and Ed Reed motored to Greenville, O., Sunday George Johnson, who is attending school at Columbus, O., spent Sunday with relatives and friends here Daniel Hecker of Indianapolis spent Sunday with hi3 family here Mr. and Mrs. S. J. Kennard entertained relatives from Dayton, O., Sunday Mr. and Mrs. James Hiatt and Mr. and Mrs. Guy Hiatt and children of Richmond and Mr. and. Mrs. Edgerton of Fountain City were Sunday guests of Mr. and Mrs. A. L. Hiatt and family Ed Hamilton and family of Winchester spent Sunday with Mrs. Margaret Hill. Mr. and Mrs. Merle Bowen of Richmond spent Sunday with Mrs. Josie Bowen Mr. and Mrs. C. F. Hiatt spent Sunday with Mrs. A. R. SEEK

nMI

L

SPRING COATS AND CAPES Especially priced at $3.93, $16.48 Skirts showing the newest and most attractive Ideas in styles and materials at a great saving. They are priced $3.48 to $8.98 PERCALE and GINGHAM HOUSE

DRESSES All very desirable patterns and styles; especially priced at $1-89 to $4.93 BLOUSES Georgette and Crepe de Chine, ranging in price from $2.48 up to '. $6.98 A nice assortment of Ladies' and " Children's Muslin Underwear, all priced very reasonably. CHILDREN'S COATS In black, navy and light colors; very pretty; priced at $6.98 to $11.98

j

Hiatt....Mr. and Mrs. Ben Kemp and son of Huntington, Ind. Mr. and Mrs. Elbert Kemp and family of White-

! water and Mr. and Mrs. J. C. Showalter spent Sunday with Mr. and Mrs. John Kemp and family. ' Economy, Ind. Harry Harris and family of Winchester visited John Bowman and family here last week. .. .Art Denny, wife and daughter returned to their home at Richmond Sunday evening. .. .Miss Estella Kimball spent Sunday here with her mother, Hannah Kimball.... Pat Hennigan, who has been seriously sick with "flu" is able to be out again. ....Charley Mays will move his family to Richmond about May 1 W. E. Oler, stock buyer, shipped three carloads of stock the past few days.... Mr. Randall's parents arrived here from Ohio to assist in caring for the family who are all sick.... Kurt Veal, Harry Cain, Harry Macey, Clyde Huffman, all have some members of their family quite sick.... Wade Kennedy, wife and Bon Ralph, Carl Lundy, son James and daughter Helen, and E. L. Conley of this place attended the K. of P. anniversary at Williamsburg Thursday evening. .Jchn Bowman and family visited Harry Harris at Winchester Sunday Mr. and Mrs. Otis Cranor entertained Mrs. O. T. Knode of Richmond, Mrs. Louie Albertson, Mrs. Nan Cook at dinner Sunday... Mr. and Mrs. Ed Green of Centerville, visited their nephew Carl Lundy, Sunday Mrs. Joe Lamb and daughter, Mrs. John Reprogle and daughter went to Richmond Saturday afternoon...; Mr. and Mrs. Erman Swain and daughter visited Mrs. Petro at Modoc Sunday.... Bert Carver, Milo Lamb, Carl Lundy and Loring Lamb drove to Muncie Saturday afternoon Miss Well of Stomach Trouble C. C. Mclntyre, Findlay, O., says: "Suffered with stomach trouble. Life was burden. Shall always be thankful to Hull's Superlative. Now life id a pleasure. I am a well man." Hull's Superlative at your druggist. Adv.

S CUT

DRESg

AX A SMALL COST Do you know that we have everything that any first-class store has? Do you know that our eleven store buying power enables us to give you serviceable, satisfactory clothes and shoes away below the prices you have been paying? If you are not acquainted with us, get in line and investigate our prices.

MEN'S SUITS Very conservative models ranging in prices from $9.93, $11.93, $12.85 up to $18.93 YOUNG MEN'S WAIST SEAM SUITS Very snappy models of fashionable fabrics. Price $23.43, $25.43 and $26.48 MEN'S PANTS For dress, especially priced at $2.48 to $4.98 Dark Work Pants $1.93 Khaki Work Pant3 $1.69 Complete Showing of New Styles in all Departments Spring Shirts, Spring Neckwear and Spring Furnishing of all kind8. Shirts . 69c to $2.69 Ties 48c, 69c, 98c MEN'S HATS FOR SPRING The best of new styles $1.48 to $2.S8 BOYS' SUITS Wide variety of nifty fabrics; belted and we'ob seams. Priced now at $5.48 up to $9.93 Sizes 16 and 17, at $2.93 BOYS' KNICKER PANTS Many patterns to choose from. .. .$1.19 up to $1.98

A complete line of the newest browns, Dull and white, from

High Shoes at $4.39 to $8.25 Men's Shoes, browns and blacks $4.39 up to $7.39 Why pay more for your children's Shoes when you can get the same for less at Rapp's? You don't have to guess; your satisfaction is guaranteed when you buy our Work Shoes for men. The most complete line we ever carried at mon

ey-saving prices. A trial will

Note prices. .$2.98, $3.69, $4.39 and $4.69

ST BUT NOT LE

Our display of Spring apparel has been greatly enhanced by the addition new assortments in

a vy,fl u iti i

CUTPMCE CdD

329 IVIain St.

Clara Hill, a teacher In Bloomington school, came home to attend a surprise party on her mother, Mrs. Will Hill, Saturday evening. Miss Hill returned to Bloomington Sunday morning... -.Mr. and Mrs. Joe Cain had as their Sunday guests, Mr. and Mrs. Nate Parker Mrs. Earl Cain, Mrs. Nathan Parker, Joe Cain, wife and daughter Helen drove to Richmond Saturday Misses Olive Swain and Helen Lundy made a business trip to Richmond Saturday Mrs. O. T. Knode of Richmond spent a few days with her mother, Mrs. Nan Cook Miss Catherine Pusey and friends drove up from Greensfork Friday evening to attend "The Sweet Girl Graduate," given by the high school senior class.... Charley Williams of Marion, drove through in his car to visit his farm south of Economy, last Friday. ....Lloyd Osborn has a new car Mr. and Mrs. E. K. Shera, Mr. and Mrs. Sailor, Rev. and Mrs Semans and daughter, Miss Ruth Bishop, Miss

LAXATIVE Aged People

THE BANE of old age is constipation. The bowels become weak and unable to perform their functions without aid. For this purpose only the mildest and gentlest laxative should be used. The use of harsh cathartics aggravates the trouble and makes the constipation worse. Chamberlain's Tablets are a favorite with people of middle age and older on account of their gentle action.

JVIoira. St.

-UIP for

A large assortment of Boys' Spring Hats, any style, any colors at 48c, 69c, 93c BOYS' BLOUSES Priced 39c to 89c BOYS UNION SUIT Athletic or knit.43c The most wonderful line of Boys' Wash Suits we have ever handled. Priced far cheaper than you will think of buying them. Ranging from $1.69 to $2.93 MEN'S BALERIGGAN SHIRTS AND DRAWERS Garment 48c and 69c Men's Athletic Union 43c Men's B. V. D $1-48 Mens Balbriggan Union 69c, $1.43 Men's Blackand Grey Sox 19c Men's Dress Sox 25c, 35c Silk and Fiber Sox 48c and 98c

OVERALLS at 95c WORK SHIRTS at 95c Dark Blue Dot; Plain Blue; Khaki and Plain Blue Chambray. BOYS' PLAY SUIT-COVERALL... 98c BROWNIES at ....69c

At Prices Yon Want to Pay!

Oxfords and Pumps, in blacks, $2.19 to $4.89 make you a regular customer. INFANTS' COATS . J.Q anri

CHILDRENS GINGHAM DRESSES Beautifully made garments, exceptionally good materials. Espe-

" ' " in it si.aa, ilRLS' NEW WHITE DRESSES Made of fine aualitv Vnilea fn

very newest styles, wonderfully plaited models, all exceptionally pretty. Specially priced at $1.89 to $2.43 Ladies' Hose 15c, 25c, 35c, 43c, 63c, 93c, $1.19.

Don't Forget to ask to see our College Girl Corset; $5 value for S348

Grace Shera, Miss Dorothy Gabower, Miss Ida Taylor and Miss Lillian Rice of Richmond attended the play here given by Economy high school seniors Friday night: .. .Frank Hawkins, Mr. Allen and Mr. Stewart of Hagerstown were in Economy Sunday afternoon.. The high school senior class took In $90 Friday evening from their play, "The-Sweet Girl Graduate." Call 'phone 125 Economy, If you have news of interest to the public in general in the way of announcements, accidents, flres, weddings, visitors, entertainments, sickness and deaths. Call early so as to get It in as soon ao possible. ....Willard Jordan has a new runabout Paul Oleics baby has been very sick the past week but is slightly Improved. .. .Mrs. Louie Albertson entertained at dinner Saturday. Mrs. O... T. Knode of Richmond and Mrs. Nan Cook.... Mr. and Mrs. Earl Cain entertained at Sunday dinner Mrs. Cain's father, William McGunnigill and Mr. and Mrs. Oscar Fox of Modoc.

V "IS v if

si of ; tld.t sz.za the,

5 TISOTR