Historical Newspapers of South Carolina

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-V p RUN4S: The Pearl ofitb e PCkS~~ Th I Nthe1 PICKENS SNIE ---erea Apr123, 1903 at Picicens, S. C. as 0econd class mall matter under act of Congress orfarch 3, 1879 pICKENS, S. C., NOVEMBER 23, 1911. NUMBIR Ale#im.AR Aiken Writes Wickesam. ABBEVHILL. S. 0-, Oct. 31. Hon. George W. Wickersham, Attorney-General, Washing ton, D. C. DEAR Sm:-I notice that the case against the Wall street "bulls," charging them with cornering cotton, isi-gaimii the courts, and assume that yZ9p will push the prosecution to a conclusion. While I do not concur in the opinion that it was the proper ction of the goyernment to ere with the enhanced ,.of a commodity that t>e nuch for the wealth is country, I assume that you can justify the prosecuti-t legally. - If then the governmen$ad a legal to pro against an ' ulators to up ton, it fo i same legal right to proceed against a combina tion whose purpose is to force down the -price of the same commodity. Of the American cotton crop, approximately one-haif is sold in foreign markets. A decline of two cents per pound means the loss to this country of $60, 000.000 and to the Southern farmer of $120,000,000. It is certain that "bear" pressure on Wall street has forced a decline of fully 3 cents per pound in the present market. thereby robbink uth of approximately ,000, and giving it to foreign st.inners, This decline has been brought about by the bear element overselling the market. publishing false or mis leading statements, and com bining to keep buyers out of the market. With no extensive knowledge of exchange meth ods, I think it is safe to say that if a combination may advance the market, a combination may likewise depress it. and the fact !s it is now being done. Then should not the govern ment interpose? If it-was right in the former Instance it is right in this; and when the wealth of the nation is threatened and the competency of Southern homes is being absorbed by the foreigners, should not the gov ernment at least place - the weight Of its influence and pow er with its own Citizens? An investigation of "bear" tactics would probably reveal ample ground for criminal action against t he - leaders andi prosecution would probably dis solve the unfair combination -and allow cotton to resume its normal price. At any rate it seems incumbent on-the govern iietin the premises, to throwy the weight of its power with the people. This letter is not written in any carping spirit, but in the hope that you may see the other -side of the question as the cotton producer sees it, and use the arm of the law, as far as possi --ble, for their relief. I would be glad to have an ex pression of opinion from you, as to whether such a ,prosecution would, sin your judgment, be entertained by the courts, and -if it wfould, wh'at likelihood there -is, if- any, of the Department of Justice taking such a step. Living in this section where cotton is the prevailing crop, it is a great disappointment to me that the producer should be robbed of his legitimate profit on that crop. If the govern ment can extend any aid, it -could never come more timely. Respectfully, WYATT AIKEN, M. 0. S- Office of Attorney-General. Washington, D. C., - November 6, 1911. Hon. Wyatt Aiken,M. 0., Abbe - ville. S. C. Mv DEAR SI:-I have your favor of 31st ult. I quite agree with you on the general propo sition that, if cornering a pro duct- which is dealt in in inter --state commerce, for the purpose 'of increasing its price, is illegal, similar cornering for the purpose depressing its price, is likewise illegal. The formation of a crner for the increasing the are willing to let it go, and le thereby impose upon the manu- cE facturer, who must use the h product, the burden of an arti o ficed price. la It is not so clear by what pro- of cess a "bear pool" is organized fi or conducted, and I *aye no I evidence in this department of a ti tangible character which ena- h bles meto form the oplhien-that any designated individuals have Vmbined to depress the price of cotton below its normal figures. bioreover, it is not quite clear iA my mind how such a "bear D'OI" canoperate to restrain in- w irstate commerce. T suppose ti 'the method by which such a si combination would operate, would be to throw upon the C miarket at a given time a quan- d tity of a commodity in excess of 01 the demand which would result r in its being taken only at -prices te which the purchasers thought = would enable themto retail at a 0 profit. e I don't at an -know what the w practice is among the cotton growers in your state, for in- PI stance, respecting tho sale of t their product. When I let had la occasion to examine the ques- to tion, which was a few years tr ago, the crop was pretty gener- U ally sold to the cotton factors P before it was picked, the price being based upon the pie of c the 4revious year, and Increased or decreased according to the ra- fc tio between the crop produced N in the country the preceding a year, and the estimated crop of the current year. , tb Generally speaking, I take it a< that ~the "bulls and bears" are Gj the brokers who, on the cotton TI exchange, at a given time, are th seeking to inrease and depress prices respectively. The "bears" are trying to beat down the prices in order to 1ay at a lower r figure, and the "bulls" are try- gi ing to run prices up in order to it sell ata hghe figure- at The interests ,of the spinners 0 weid , -e y, ith t e "bears," and the interests of ou the saetors, or cotton dealers, b would be with the "bulls." A th "bear" movement would-be iui- b tiated" if, for example,concerns A dealing in cotton had borrowed at very largely.on-awlose margin, y and, for some reason or other, ~ were compelled to sell for the . purpose of meeting other loans, ti and a movement, once begun, toward the- lowering of prices, ol would be apt to -gain headway ~ bocause soer people,Jiaving cot 01 ton on.marginiwould be fearful of greater loss if they waited ~ until the price werit lower, and r so would rush into the market o determined to 'get rid of their ~ product at agiven time. o How a "bear pool" would operate, I do not quite under- $ stand, nor do I know of the ox istance of any such pool. 'By pool I mean a group of men s who, for the purpose of control- fc ing the price of acommodity, in their own interest, buy a suffi ciently large amount of the property to engble themito con-' trol the priebsin the market. cc I write, givingyoujust myrim- 7E pressions of 'thesubject, because you may have fuller knowledge er than I,and Ishould-besvery glad. to have you give me any detail- sc ed information availableito you 8 going to show the existence and gpration -tif 'any combination re formed for the purpose of 'de- h< pressing the price of -cotton. In the proceeding against ce those 46gaged in the so-called "bull cotton pool" which the w government broughtLa .year orM so ago, the United States circuit court in New York held that cI "corners" were illegal and im moral, but that a combination formed to corner and enhance the price of cotton did not oper ate in restraiust of inter-state commerceevenhough, asus alleged in the indictment, the necessary effect, as well as theC intended purpose, of the combi- o nation was to increase the -price which the spinners had to pay, and, as a matter of fact, by so increasing the price a large per centage of the spinners had re frained from manufacture, and had thereby been restrained in -l commerce among the several u states. An appeal from the c judgment of the court, sustain t the case go off on a techni d matter of pleading, we may ave some light which will be aid in the enforcement of the ,w against other combinations a like character. But, aside em that, my greatest difficulty should have in dealing with ie case you mention, is what I ave outlined here. Very respectfully, GEO. W. WICKERSHAM, Attorney-General. Holding Cotton. The following- is the pledge hich the farmers in each coun r of the state are asked to gn: "State of -South Carolina, Dunty of . We, the un mrigned, owners of cotton of te 1910-11 crop, hereby pledge irselves to withhold from the arket the number of bales en red opposite our respective unes until September, 1, 1912, until the price of cotton has ached 13 cents, and we do sev ally solemnly declare that we ill regard this pledge as sacred. "We further agree not to ant, for the crop of 1912, more tan 60 per cent. of our arable nds in cotton. "We hereby agree to forward J. Whitner Reid, secretary easurer of State Farmers' nion, Columbia, S. C., by stal money order, two cents >r bale for the cotton held to fray expenses of the holding paign." On the pledge there are the owing blanks to be filled: ame, post-office, R. F. D., No., imber of bales withheld. And in accordance therewith e followiug counties have ted: Anderson, Abbeville, eenville, Richland and others. As pledge was promulgated by e Farmers' Union. Raise More Wheat. Farmers, think about this. iere have been 1,345 barrels of ur shipped to Pickens since ,e first day of last July. This $6 per barrel amounts to $8, 0. What portion of it has en consumbed by those who ght to raise it at home cannot i known, but it is safe to say ere are many farmers who ty their flour that should not. ad this amount of flour wa ipped here at a season of the tair when our farmers should esupplying the local markets ith home-made flour, which is e best. Another thing, this quantity flour was shipped in the brief rod of four months and to te town. It would be safe t ultiply the 1,345 bai-rels by hich would give us 6,725 bar Is inthe countr u. four mot~ 1,680 barrels.each month. ould also rer .sent an oui~ $40,350 for flour in this coun in one-third of a year, or 21,050 for a year. There is no reason why the ople of this county should end as much money as this n flour. A Fact or Two on Maine. Maine retains her prohibitory nstitution by a majority of 8 votes. What state has the fewest iminals? Maine. What state has the longest hool term and the most High >hool graduates? Maine. What state has the fewest nters and the most owners of >mes? Maine. What state has the most per ,pita in savings banks? Maine. What state. has the fewest omen working for a living? What state has the fewest ildren in factory labor? Maine. For The Monument Fund. In this column from week to eek will be published the imes of contributors and the nount contributed for a Con deate monument at Pickens mrt House, the size, kind and her details to be decided later. eviously acknowledged..$5.00 ~rB. Craig............ 5.00 . E. Sutherland........ . 5,00 iWhy do you spend your Loney for inferior tobacco hen you can buy PENN'S EAMPION from S. R. Kel ! Qatral, S. C. at the ame pce the common had wjil sost you else knmetl executed \ S I N AAA The Kind You Have Always Bought, and which has been in use for over 30 years, has borne the signature of and has been made under his per sonal supervision since its infancy. Allow no one to deceive you in this. All Counterfeits, Imitations and "Just-as-good" are but Experiments that trifle with and endanger the health of Infants and Children-Experience against Experiment. What is CASTORIA Castoria is a harmless substitute for Castor Oil, Pare goric, Drops and Soothing Syrups. It is Pleasant. It contains neither Opium, Morphine nor other Narcotic substance. Its age is its guarantee. It destroys Worms and allays Feverishness. It cures Diarrhmea and Wind Colic. It relieves Teething Troubles, cures Constipation and Flatulency. It assimilates the Food, regulates the Stomach and Bowels, giving healthy and natural sleep. The Children's Panacea-The Mother's Friend. CENUINE CASTORIA ALWAYS Bears the Signature of The KiA Yoll Hare AlWayS Bought In Use For Over 30 Years. WHE CCNTAUR COMPANY. TT MURRAY STREET, NEWYORM 0W. New Times, New Things The old fertilizer ~ formulas are giving way to the new. At everyfarmers'meeting one subject should be the fertilizer formula that will furnish a balanced ration to the crop and keep up the fertility of the soil. To do this the fertilizer should contain at least as much POTASH as Phosphoric Acid. Our note book has condensed facts essential in farmers' meetings and plenty of space to record the new things that you hear. Let us send one to you before your Institute meets. A supply of these is furnished by request to every institute held in several states. We will be glad to send a supply delivered free of charge to every Institute, Grange or Farmers' Club Officer on request. It contains no advertising matter. GERMAN KALI WORKS, Inc. Continental Building, Baltimore, Md. Monadnock Block, Chicago, L 93 Nassau Street, New York This space belongs to G. W. CORBIN, The man who furnishes Square Meals on short notice and at right prices. Open Day and Night to Serve You. Fres~i~~ish Every Week.4 Leave- youi call and see us. L G. W. CORBIN, (Prickly Ash; Poke Root and Potassium) Prompt Powerful Permanent - felt very quickly when other mdi you to staycue ssen- clears th ran-srntenrseliestsnad evs A positive seii o lo osnadsi iess Drives out Rhuaimand Stops the PaIn; ends Malaria; is a wonderful tonic and body-builder. Thousands endorse it. F. V. LIPPMAN, SAVANNAH, GA. Bargains In Shoes WeT have a lot ot odds and end in shoes that we are offering at get sacrifice. ComTe and loo aemi over and if you can get a f r any miember of your family, yo ma save money. Let the Chickens and Egg ome along and all the money yo an spare. CAIG> Os co Ione-price C ~.e hagtsy sPj I~ It will pay you to come here ST to do your T to d o y o ur Y ou are alway - iall hoppig our stock and g you buy or not. LADIES' TAILOR-MADE SUITS $7.50 TO $27.50. This department is full of snap and style. They are cut and made by experienced tailors, and will fit you perfect. Ladies' and Misses* Coat Sweaters $1.25 TO $3.50. These sweaters fit snug and close, and are made up with heavy fancy ribbed ef fect. The colors are red and blue. Ev I ery lady and miss should have one of these 'for the cold winter months. LADIES' AND MISSES' UNDERWEAR 25c TO $1.00. Ladies' and children's undervests and pants to match. These goods are made up with a good heavy rib effect and are very elastic and comfortable. WOOL GOODS 25c TO $1.50. We hae all the new weaves and colors for making coat suits. These goods are the real tailoring quality and the newest of styles. FANCY AND STAPLE SILRS 25c TO $1.50. See our silks for fancy shirt w. ists arid dressy dresses. - COTTON SUITINGS 15c TO 35c. We have cotton suitings in all leading shades, and weaves. 'lhey are good this season for one piece dresses and light Sweight coat suits. WOOL BLANKETS $2.50 TO $6.00. Now is the time to get your wool blank ets for winter. We have all the leading styles and colors. COTTON BLANKETS 75c TO $2.00. Cotton'tSlankets are good for those who do not like the wool ones. These are large size and are smooth and warm. We have the colors.gray, red and white. See Heathar Leaders State of South Carol'na. Iwill be resold County of Pickens, purchaser. In Court of Common Pleas. ,Purhae * Hattie Gaston Garrett, et ai, frrcrigr Piaintiffs.. Shiriff vs Fannie Gastan, et al. Defendants, State of South ( In pursuance of a decretal order made County of Pic in the above stated case .y his Honor In'Common Ple Juwlge Geo. E. Prince at his chamber at WV. E. Findley, SAnderson, S. C. dlated Oct. 25, 1911, and va on file in the Clerk's office for Pickens J. T. Rice, et al county, I will sell to the highest bidder In pursuance abefore the court house door at Pickens, the above stat S. C. daring the legal hours for sale on Geo. E. Prince, ksalesday in December 1911 the following son. S. C., dat described real estate to wit: sell to the highs All that piece, parcel, or tract of land December, 1911 siuae lying and being in Pickens couin- for sale at Picki ty containing eight (8) acres more or l owing real esta Uless according to a survey and plat of 1st All that same made by J. P. Attaway, Surveyor, Iland in the oo dated Sept. 10, 1906 to which plat refer- tatoe township, ence is hereby made for a more comn- Herd. estate of plete description said land is bounded by Turner and othe S Ferguson, Looper and Holder land and dred and forty being the home place of Kimsey Gaston 2 All thl Lt .at the time of his4eath- land on waters< Terms of sale, onie half (j) cash on day on a spanish oali of sale the credit potion payable in one theince east to a year from <Jay of sale and-to be secured pine, thence, so, by bond1 of 'the pnrahae and mortgage ner, containing of the pre'mises with leave to the pur- less adjoining chaser to pay alI cash or to anticipate W. J. Duffie, J. payment thecredit portion to bear in- Terms cash. *terest from da of sale at the rate of all p-:pers an'l r eight per cent per'anum. Purchaser (to douiply with the trms fal mia...m onahuror the ECIIL A T BIG JR.R. s welcome to inspect at our prices whether CROSSETT SHOES $3.00 TO $5.,. For men's shoes this line is un in value.- We have al the latest in tan, gun metal, vici, kid and pate QUEEN QUALITY SHOES $2.50 "T 4 This well known line shoes for needs no introduction most ladies know wh.t a BUSTER BROWN SHOE For boys and girls this shoe is th satisfactory on the maiket for schoo dress wear. Buy one pair, means yo ture business. MEN AND LADIES' HEAVY WORK S $1.25 TO $4.00. The Star Brand, onger -thani >L%.Star Calf,~ , etP=I. N o fau want service buy o6e of these brands. BOY'S CLOTHING $2.00 TO $8.50. Bought in large quantitis, enabes us to sell you cheap. With every suit we give one baseball-and bat free. MEN'S OVERCOATS $5.00 TO $25.00i. We have these coats in all the leadig colors--blI pepper ad selt. They are real on proof. We also have a stro tissue rubbered rain coats-prices to $6.50 MEN'S .UNDERWEAR FTY 4ENTS T ONE DOLLAR. Wright's Spring Needle is the fame brand for men. They are very elastic-ant durable. We also have the medium with a light ffeece in bleached and bleached for Soc a garment. MEN'S HATS $1.0 TO $5.00. The Longley $3.0o, The. Primrose $2.0o, The R Victor $1.oo to$x.25 P4MW. Roark Pickens County, S. C. Wees alseNwo n rk's Sale. eero dinn~ arolina.Ths ar teefrt ~kens, mnsalnsglrt~id as Court. ceioso h adSrh.~ _ Plaintiff. eesd htte~e of a decretal order in ocoki h oe0A0b~ ed case made by Hon. i n hyhvwy at chambers in Ander-r~ uh ud ~~ ed Oct. 25, 1911, I will Ot noDmn 31 et bidder on Salesday in B ,during the legal hours - ins, C. H,, S. C., the fol te, to wit: piece, parcel or tract of S~e~* nty of Pickens, in Eas-- MsnCA .&A .m& adjoining lands of J. J.StraYngt n rIf Jordan Rice. William tefl of rs and contain one hun (140) acres more or less. Catr4-~~it n iece, parcel, ortract of -a ihso o fe tyfl :f Cedar Creek beinningmon :, thence north to a rock, ofpMes-0VY - rock, thence south to adynghafe e-irtni ith to the begining cor- tidSnas fifty acres (.50) more or W .W-et~vr i~ ands of Milton Hester.,n hr usdTngt.~ D. Crershaw and others. Puachasers-to pay forCtyouclf tS A~ Slr fCu tatfSuhCr~a -Pickens ountyf8.i.kensti By J.B. Pobat