The news and herald. (Winnsboro, S.C.) 1901-1982, July 23, 1902, PAGES 3 TO 6., Image 1
---4.'. To6 INBRO&CjSA, UY2,92
; 1 1
ESTERN FLOODS.
Steamboats. Float Over Growing
Crops.
IAMAGE ESTIMATED AT $6,000,000.
fmmense Fields Seen in a Great
Lake Whose Shore is Visible Only
Through a Glass.
Kebkuk, Iowa, Speclal.-Exploration
of the flooded district of the Mlssissip
4p river from Reokuk south shows con
oditions beyond the appreciation of re
.alization ofanj-of those of long experi
-enee fith.the Father of Waters in its
i-ost destructive mood. The situation
U growing worse hourly and a great
-cnflagration' ita great city wduld not
be more rapidly destructive of values.
There Kabsolutely not the slightest
anee stoppong this most costly
ain t history of the great river
* ..above St-Lonis. A correspondent of the
Associated Press. went over the worst
:damaged ,area in' the steamer Silver
Crescent and found everywhere the
*reatest c-ops ever known under water
.deep enough to float a steamboat. Peo
Iyple at the river cities give account of
losses aggr gating many millions of
-dollars. H ds of farmers, iich 10
-days ago, are penniless and homeless.
Careful estimates gathered from the
tatements of test informed people in
cate the loss upo Monday is about
000*,00 with prospoect of two or
milions- ad. onal by the rise
i4et yet ching the lower
- tfhes of the rivers. Most of thois loss
4s othe r, the river, be
t eon Keok al. Tassing
the water-lapped ards of K!o
kak, tpie mo s Moines r'ier
&-rnearly two miles 'wide. Normally
e a~re two mouths,.dI an island
delt -which are
t6 the dast
the breaking of
r eetpf water Al
Is, submerged
iS~hch ser
.on
es on
s are beyond the danger line.
ense fields are seen in a great
with the shore visible only with
a ilass, where the high bluffs bound
the bottoms. Islands dotting the river
at its normal stage have disappeared,
-except for the tops of trees or fringe of
bigh shore willows, slightly protruding
.like a circular coral reef. Occasionally
a house on piles -or stilts is seen, but
generally only roofs rise to mark the
-center of farms of corn. On the edge of
the flooded river, corn gradually rises
-on a slope, tassels, tops, ears and stal:s
I appearing in order. In the middle of
the present river the tracks of the St.
Louis, Keokuk & Northwestern Rail
road, n'ormally on the Missouri shore,
-are now a few inches above the water
and under it in some stretches. Shore
J lights for pilots are standing in the
midst of a wasto of waters where
:steamboats can run over them. The
river is 5 to 10 miles, wide, and a great
'lake 70 miles long is added to the map.
All this territory was practically cov
-ered with corn a f'ortnight ago, esti
mated to mnake 75 to 100 bushels to the
acre. Previous estimates of the loss
have been greatly increased by the
'prospective yield being much greater
-than ever before, telling of many farms
-that were good for 100 bushels to the
acre before the flood. The loss is total.
Experience is that. if water stays 4S
hours. even four inahes under the sur
lace it kills corn and every stalk wet
'by waves perishes from rotting roots.
The height of the :lood is indicated by
an incident at La Grange. The steam
boat warehouse was well back fv~m the
river bank and stands high. A strong
-current and a gale caused the pilot to
-make an imperfect landing and the cor
'nice of the roof of the warehouse was
torn off by the forward guarLh of the
Silver Crescent. The river is rising all
the time, six inches during the day in
the immense area of 700 square miles,
and the worst is to come.
- The chief flood thus far is on tihe
Missouri side, from Keokuk to Louisi
ana with Canton and West Quincy as
venters of the country hurt worst. On
the Illinois side are three continuous
levees for 40 miles from Warsaw to
Quincy above water which thus far are
safe, but farmers are afraid of cre
vasses from musk rat holes and every
road of the redoubt is watched day and
'night. The breaking of these levees
would fiood many square miles in Illi
nois and destroy $2.O00000 to $3,O00
009 worth of corn. The levees below
Quincy are in the same situation, ex
cept they are lower and less firm.
AKFatal Accien~t.
Roanoke, Va., Specirl.-While a
bridge force was working on a Norfolk
and Western Railway trestle over Reed
Cpek; two miles west of Wytheville,
the scaffolding gave way.. precipitating
Allen Grubb, .James WV. Smith. Stephen
Gregor, William Hi ks and John John
son, the latter a foreman, eighty feet
below into the creek. Smith was in
stantly killed, his head being crushed
by striking a bed of rocks. Grubbs and
McKenzie are believed to have received
injuries that will p-rove fatal. Gregor
and Hicks were orly slightly injured.
All of the men are of family. Smith
leaving a wife and thirteen children at
Dublin, Va.
GREENE SUBMITS AFFIDAVITS.
lie Says That Erwin Wanted Five
Hundred Thousand Dollas.'
Quebec, Special.-Friday's proceed
ings in the Gaynor-Greene case con
sisted principally in the fillng of affi
davits and counter-affidavits and it
was only a short time before-;the judg
ment of the court that Mr. ]OcMaster,
of the prosecution, made histrgument
on 'motions to quash .corpus
writes issued by Judge iJune
20th, last. The proceed roDPen
ed by Mr. Tasehereau, for the
prisoners, who produc vIt of
Benjamin D. Greene May 17
Mr. Erwin caled on him at the Wind
sor Hotel, M treal, when;EFiwn said
to Greene: "f yoTwilmftay $500,000 to
settld the w umatter, I will go at
once to W -nd advise its ec
ceptance."
Greene repl he could not
stand that, beca had not money
enough to pay his half of the amount,
but tht Erwin said: "Gaynor has
enough. I.don't knoW where it is, but
he has it" '
To this G Wii id: "'If you will say
$200,b9Q I -il. tAlk with .Colonel Gay
nor about It."
.,Erwin replied, the vit conin
ued: "That 'mll not' tough."
Greene th'en added: "-What do you
thin: of $300,000?" He said: "I dcn't
think that I- en'aght, but you don't
want 'torgs through the rest of your
life Easted wherever you go, and ydu
must- emember that if you are extra
dited and are In Georgia it will be too
late to make a settlement."
Greene finally reTlied: "Well, any
way I don't see how we can pay any
money because that would be an admis
sion on our part that we have received
money wrongfully, and that we have
not done."
Mr. MeMa'ster read an affidavit sign
ed by Marion Erwin, completely deny
ing the allegations contained in the af
fidavits of Mr. Greene and Mrs. Gaynor,
Regarding the interview between
Greene and himself, Mr. Erwin stated
that on his return to his room in the,
Windsor on the afternoon of May 17 he,
found a note there In which he recog
nized the bandwriting' of S. B. D.
Green, which note was as follows:
"If you can call to see me at; any
time today, you will do me- a
Vor."
4The original of t"hino
latter opened the conversation by say
ing that while he knew that Erwin had
been prosecuting him vigorously for
over two years,he wanted to thank him
for having always treated him with
I personal consideration. He then said if
the extradition proceedings at.Montreal
proceeded for any length of time it was
probable he might desire t'o give bonds
on forfeited recognizance which he
said were secured by assets put up by
Gaynor and himself with the sureties,
but that If he settled the civil claims it
must carry with it the dismissal of the
criminal proceedings. I replied that I
knew of no law for settling the crimi
nal case, but that if he made restution
of the government's actual loss, I did
not know what view of leniency might
be taken by the government; I had no
authority In the matter and the amount
he offered in settlement of the govern
ment's civil claim was not sufficiently
large for me to recommend to the At
torney General." The other affidavits
practically contain the same stateme~nt
as that mentioned this week in Mr. Er
wins 'reply to Mr. Taschereau's state
ment.
Erwin's affidavit continued in sub
stance: "I called his attention to the
fact that he and Gaynor had already
forfeited bonds in the sum of $400,000
each. He replied that he had left the
United States because he had resolved
never to be put in jail as a convict;
that he had come to Canada with the
expectation that after a year or two his
friends in the United States would ef
fect a settlement of the civil claims of
the government against him and then
he could probably obtain a dismissa lof
the criminal prosecution. He said that
he had not given his personal word
that he would not run off from the
prosecution, but he would pledge me
hiswordof honor that if I would agree
to his giving bc,., before Judge La
Fontaine he would not run off. He then
referred to the fact that the govern
ment had already tied up by civil pro
ceedings half a million dollars of as
sets, of what the government claimed
was 0. M. Carter's share in the fraud
and asked me what was the exact
amount the govenrment claimed that
he and John F. Gaynor had received as
their share? I replied that we claimed
that he and Gaynor had received $1.
400,000 as their share in the fraud. He
replied that he was in no position, and
had not sufficient means to meet such
a claim, but that he and Gaynor would
be willing to pay the government $300.
000 in settlement of the entire litiga
tion to inc!ude the $80.000 claimed on
forfeited recognizances."
iany Carrenters .Strke.
Jacksonville. Fla.. Speelal.-Twenlty
two hundred union laborers in all
branch9e of the building trades went
out on a strike Friday, because the
contractors refuscd to accede to a de
mand for an eight-hour day. Practi
cally all building operations are tem
porarily suspended. A mass meeting
of several hundred labor men was
held in the open air at night ad
dressed by prominent union men.
The strikers were urged to obey the
law and abstain from dissipation and
violence. At a meeting of the Cen
tral Labor Union a general strike of
all organized labor was discussed,
bu no definite action was taken.
TOWN STROYEI
Furious Storms Devastate Section a
The Nothwest
GRkTDAMAE FROM A TORNAD
fNny Lives,it Is Thought, Were Los
In the Northeastern Portion v
North Dakota.
St. Paul, Special.-Tremendou
damace, and it is thought great los
of life, were caused by a tornadi
which Tuesday night swept In j
southwesterly direction from th,
boundary across the northeaster]
portion of North Dakota. Three towns
according to reports, were totall
wiped out. Railroad and telegrapl
lines are wrecked ancT there is n1
communication with the section o
the State 'where the most serious de
vastation is though have beel
worked.
The little town of rip, on the St
Vincent line of the Great Northern
is an absolute wreck. The final re
port was that the entire town wal
wiped out and hardly a structure o
any sort left standing. The repori
from Borup came in very soon aftel
the storm struck and contained no in
formation as to the casualties. Wit
the report from the St. Vinceni
branches came reports that th
towns of Eldorado, about seven milef
from Grand Forts and Thompson,.be
tween Grand Forks and Larimore, ha
been destroyed. At Thompson tho
Great Northern station lies a con
fused mass -of wreckage diretl
across the min line. Stores and reI
dencesa.re in iuins and the main .or
tion~ -h e town Is wiped out. Th
populdo'n is about 200.
SMere fragments of conA
comie from Eldorado, but these 11
cate the destruction of that towul
about 250 people. Neither of the re
ports from Thompson or EldoradC
speiak of loss of life. This is*-artiall
accounted for by the fact that thel
were sent before nqis could havi
lien received frQm the outying dis
tqaodeveloped~Q~.~ of.th
..keof the-Wow
been unusually wide and the effect
of the storm outside Its primary lin
unusually severe.
The Northern Pacific Is unable t
gain the slightest information over It
wires from the storm district. Line
min and relief trains have bee:
started from the stricken district.
Early Wednesday morning wh6,t i
thought to have been the edge of :
tornado struck St. Paul. Its onslaugh
was sudden and fierce, high winds an
a brilliant electrical display bein;
predominant features. No report
from Minnesota indicate any seriou
storm damage, the destruction beinj
apparently confined to North Dakota
The following storm special ha
been received by The Pioneer Press
"Grand Forks, N. D., Grand Fork
was between two storms, both 0
which were of terific violence an
the outer edges of both of whic1
passed over the city. The two storm:
traveled in parallel directions ani
seem to have been central about 11
or 15 miles apart. Their course wai
southeasterly. A heavy fall of smal
hail stones came with the first and i:
the Eecond the ground was covere<
with stones measuring two inches i:
diameter. Many crops are ruined an<
immense damage has been done b:
the wind. The depots at Eldoradc
Thompson and McDonalds rere blow:
away. Thompson is badly wrecked an'
numerous farm buildln'gddstroyed2
In Meckintosh, Gilby, otway an<
other towns north and -'west grea
damage was done. The tornado is re
ported to have destroyed thousands
of acres of grain and to have don'
considerable damage to pz werty Ii
eastern North Dakota and westeri
Minnesota the storm continued soutl
and east of Crookston and did muel
damage alo:. the Winnipeg'line o
the Northern Pacific. Ulen, recentl:
visited by a storm, was again a sufl
ferer. At Borup several building:
were damaged and two miles fron
Lake Parks, on the main line of th<
Northern Pacific east of Fargo,
caboose In which there were severa
stock men, was blown from th<
tracks. The occupants were not sert
ously hurt. Between Lake Park an<
Glen a family was reported to havy
been killed. Many farm buildings i
the path of the storm were destroye<
and some domestic stock killed. Th'
grain fields have suffered badly. The
wheat was just heading and is si
luxuriant in growth that the plant is
badly tangled, but it was estimates
that much of it will straighten up
Barley and early oats were almos
ripe and those crops will be a tota
loss wherever the storm struck.
lHe Expelled himself.
Richmond. Special.-The Genera
Assembly cornvened for the first tiu<
under the new constitution. The onl:
feature of the session was the re
fusal of I. P. McLean, Republica:
member of the House of Delegate:
from Mecklenburg, to take the oats
to uphold the new organic law. WheI
the Speaker, acting under a resolu
tion, called upon the members to ris<
and receive the oath. Mr. McLea:
arose and said: "I will never taki
that oath. There is no power to comn
pel me to rk so. I emphatically re
fuse." He then gathered his paper:
together and stalked from the capitol
U jnder the constitution his seat i
thus vacated. The members of the
Senna took the oath individually.
TEMS OF NEWS
Muiy' ers of.General ifterest I
4Ort Paragraphzs.
e Sunny South.
T Demodratic convention, it
lveston, nominated S. W
f or Governor.
de and saw-mill of the Kec
ShingeC five miles west of Eng
a land, as burned on the 19th inst
; The loss in plant has not been estimat
) ed. It isted that there was no insur
i an.e on thi'valuable properties.
The Ala., Valley Fertilizer Co.
of Fo Ala., has had a most suc
cessful ,itsoutput and sales be
lng Of volume. The company
expects in a rock plant next sea
sob- to Its own phosphate rock
from -its at Springer, Tenn.
The No arolina State Democratic
Convent! net at Greensboro last
week aid ated Hon. Walter Clark
for Chief e of the Superior Court,
Judge - and Hdn. Hon. Platt D.
Walkert ociate Justices and Prof.
SY Joyu State Superintendent of
t blic on.
* "~At Ioat Capital.
The 'to the President, Mr.
Cortily rranging the itinerary
'or the es trips.
Judgv esented'a final propo
sitionl-ta can, and will sal
from I In a week.
Seer y decided that the
battleGovernment built shal
be~~~ er the New York Navy
The :of Agriculture, Presi.
dentf Cornell, and Mrs
Cbxi~e Catt delivered addres
tEducational Asso
t's tips.
Sihhas been cen
Roosevelt and re
yeide becaue he
Gvrnmo bilts and
AThe Nort N
Terrific hail and wind storms dii
2 great damage in North Dakota, Minne
sota and Illinois.
C At least 34 lives were lost by ar ex
I plosion in the Italy-West silver mm
tat Park City, Utah.
At Oyster Bay, L. LPresident Roose.
velt caught his daughter Ethel just ft
Stime to save'her from falling from* thi
horse she was riding.
E. L.% Bonner, th- Montana million.
aire and politician, fell from his auto
mobile, dying instantly.
B --
f Fifteen men were terribly burnd b3
a shawer of molten metal at the Home
I stead (Pa.) Steel. Works.
3 The national convention of coal mof
I -rs to vote on the question of a e
T ersrifichall meet at windiantorms i
g r.a Waag CBringofrthladelpian
sdto renderedlinoillfr$1,00fra
plosendac uin the ates millionaie
tOer By, EmL. Keingthos
young waugh ho aghteruated wutit
consmetonacirfrfllind whorommth
hoed siie a oeN was redng
E. L. verdictrhth ma.ng, milion
proire an politcl ealro his auo
mobie, susiino hnatangy. reA
1ifteen C.Ltmewere troklyn bun b.
rsdePa. Steel' planforas.
sTntional odfnseniso ceapemin
to er doted b the Uiten ofMgn
Worlske convet at Indianapoli
tenaefod ipnth ae Desllionie
C rierLha ase wastiawared $29,239
on bewomn $2,0000 wandcu$ated0witl
tocospion .bail and Misori.it
jro Acrsh Sucan a. Jgv
Twlvec thatk pEsta wer Kn, th
cur-is fomihtng iche Churchakfnt
Holrychnie.cr nJrsl
Liag CH.n Tu.the says hieca
Minisera l to clUieathimsexp rom
te inuspinterview hadirgimurder tAl
Bodesdn ofyonichll'reln forh atna
ioneat scooped defense un founpctd i
toi believped bth manitedini
Woen rc' aneniof aninapois
SiFreshuflod inhe was apoines
LieuetGvernhasrause etmted drasaae
of Netwee Y2,0,000ere toand $4,000,00
tcocros had Iowamn ie and wounuri
edohd Acrossme inThe fieldand32
0T0weve Gre prisnere ent
prisn. forfighn inete Churchailur te
goly Ceulcreirctywl J rslt a
aschy and nexe iation wilor isv
aBle ofyugchlie wihth
BARRELS OF MONEY
Startling Filures Showing Wealth of
Steel Combine,
MANY MILLIONS IN TS
Big United States Steel Corpodilon
Gives Out Figures That Show
Enormous Wealth.
Newark, N. J., Special.-The answi
of the United States Steel Corporatio
to the suit brought . by J.. Aspinw
Hodge, Wm. IH. Curtiss and' Bernarc
Smith, who asked for an injunction to
prevent the company from carrying out
Its bond conversion plan, was filed
Tuesday, before Vice Chan zellor Eme
ry. The case was put over until July
23. The answer was sworn to by Chas.
M. Schwab as president.
The assets of the properties of the
subsidary companies, it is stated, in
cluded 400 producing mills of the value
of $300,000,000; 75 blast furnaces of the
value of $48,000,000; iron and Bessemer
ore properties of the value of $700,000,
000; coal and coke properties of the
value of $100,000,000; natural gas fields
of the value of $20,000,000; cash in bank
to the amount of $66,000,000 and over
$80,000,000 of material in process of
manufacture. The total value of the
company's property, including cAsh and
cash assets, is placed at $1,400,000,000 1
by Mr. Schwab in an affidavit which is |
r
part of the corporation's reply. The
company's earning's are stated to be at
the rate of more than $140,000,000 a g
year. A saving of $30,000,000 a year is |
credit to the ore properties and it is
estimated that the ownership of trans
portation facilities saves the company
$10,000,000 annually. The earnings of C
the coal and coke properties are stated I
to be. more than $1,000,000 a month.
Thea ntsas to val#es and earn
4 disprove a
tile, the secretary, made a
cate when they certified that i0 their
judgment the properties were worth at
least the par value of the prefetre'd
stock after deducting all indebtedness.
The conversion plan was agreed upon
at a stockholders' meeting May 19. The
answer admits that the conversion plan
includes a payment of $10,000,000 to J.
P. Morgan & Company. It denies that
any of the acts contemplated will
work fraud or injury to the complain
ants, but says that on the contrary
such acts when consummated will bzj
greatly to the benefit of the corpora
tion and of every stockholder. The
answer says that some of the directors !
are members of the syndicate formed I
by J. P. Morgan & Co., to float bonds 1
and that that fact was conveyed to I
stockholders in a circular dated April J
17, 1902. It is further.declared that the
directors so interested constitute a mi
nority of the board of directors, that )
they were individually at the time of]
the formation of such syndicate and
now are owned by holders of large in
terests of the stock of the defendant
corporation, and that they became par-')
ties to said syndicate and assumed their
proportion of the liability thereof in
order to assure the success of the plan
of purchasing and retiring the prefer
red stock, as they believed such plan to
be of great value to the defen'dant cor
poration and its stockholders.
Mr. Schwab's answer contains the
following statement of the value of the (
corporation's property which estimate
he says he regards as below its 'real(
value: Iron and Bessemer ore proper
ties $700,000,000; plants, mills, fixtures, t
machinery, equipment, tools and realr
estate $300,000,000; coal and coke fields
(87,589 .acres), $100,000,000; transpor- f
tation properties, including railroads,
1,467 miles, terminals, docks, u .i)s,
(112) equipments, (23,185 cars and 428
locomotives) etc., $80,000,000; blast fur- 1
naces $48,000,000; natural gas fieldsr
$20,000,000; limestone properties $4,
00,000; cash and cash assets as of June
1, 1902, $148,291,000; total $1,400,291,
Torpedo Boats Hlave Mishaps.
Norfolk, Special.-The torpedo boat
Biddle ran aground near the Rip Rapsc
last night and re-nained in a helpless
condition until floated Thursday
morning by the government tug 1.
hawk. The Bididle, apparently uniu
jured, then proceeded out the capes.
The Earney. another torpedo boat,
met with an accident to her propellerc
and probably will have to be docked.
Eurned By a Mob.
Clayton, Miss.. Special.-While Miss
Tucker, a hihly connected young
lady. of this section. was riding in the
country Wednesday. she was as
saulted by a negro. She was so vio
lently pulled from the buggy that
both her legs were broken, and she
now lies at the point of death as a
result of her injuries. The negro was
soon eai tured and held by a posse of
citizens, but they were unable to pro.
tect him, and he was taken from the
people, saturated with oil, tied to a
tree and burned.
SOUTHERN NDUSTRIAL
For North Carolina.
Just before the adjournment oC
Congress Hon. John H. Small of the
first district of North Carollia sub
mitted, under the rules of the House
of Regresentatives, some remarks
whichlught to have a wide influence
for the welfare of his State. The re
marit6 were quite extended and were
a splendid description of the resoux
ces of North Carolina. With a great
deal of -pains Congressman Small had
gathered and arranged in attractive
and comprehensive form an array o6
facts4about the climate, the people,
the agriculture, the manufactures, the
foresti mineral and timber resources,
the fisheries and the educational con
litions in the State. Circulated at
eady in the Congressional Record in
ill parts of the country, the speech ia
to be scattered broadcast in North
arolina and other States. It is really
i condensed guide to the investor and
iomeseeker, and ought to direct great
er attkation than ever to the oppor
tunities in North Carolina, and to
incourage the people of that State
;ndcof other States to avail them
;elves promptly of those opportunt
des.
Industrial Miscellany.
It is announced that the Thomp
;on Lumber Co-. of Grand Rapids
qich., has acquired possession of a
nost valuable saw-mill property In
qississippi, together with about 23,
100 acres of fine timber land. The
iaw mill property is located at Boyle.
n the Yazoo & Mississippi Valle
lailroad, about 120 miles south of
Kempris, Tenn. The mill has a ca
acity of 35,000 feet of lumber a da.
Che purchase was made by Mr. B. L
rhompson, a member of the com
mny, from the bank 'at Friar's Point,.
Lnd the transfer has been legal
:oinpleted. -
The transfer of the property of the
tefuge Oil Mills at Vicksburg, Miss,~
o the Southern Cotton Oil Co. was.
ffected last week. The Southern ow
iwns, four mills .in Mississippi
tefuge at Vicksburg, the C --
"otton Oil Co.-, at Colunbwsg
lanters'.r
loaded with 15,00
from Minneapolis, . Minn, and .
next day a train of thirty-five cars
2,100 tons of tobacco, arrived. Both
trainloads were intended for expot
J. J. Felder of Navasota, Texas
writes to the Manufacturers' Record
that he is anxious to interest outside
parties In building and equipping a
$200,000 cotton mill in his town, N
vasota to subscribe $100,000 and the
Dutside parties $100,000.
It is announced that the Fruit DiW
patch Co. of New York, wbich con
trols ninety-three freight and passe*
er steamers, has established a a11W
between Central America and Char
leston, S. C., the first vessel of which
[s to arrive this week.
The Pocahontas extension of the
3t. Louis, Memphis & Southeasters
Eailway has been opened for busine.
[t is about forty-two miles long.
On the first day of this month ship
ment began from Pittsburg of 30,00,.
)00 bushels of coal down the Ohio an!
ifississippi.
A Young Men's Busi'ness League has
>een organized at Woodruff, S. C..
'ith Dr. S. A. Wideman as presi
lent.
Textile Notes.
Announcement of the . Ninety-Six
Ntton Milhs of Ninety-Six, S. C., was
ully made recently. 3. E. Sirrife-.
ireenville, S. C., architect and en
ineer in charge, has now let con
racts for all buildings and machinery
equired. The equipment will 'nclude
0,000 spindles and 280 looms, marn
acturing about 4,000 pounds of Aine
heeting daily; 150 operatives em
loyed.
Inman Cotton Mills, Inman, S. C.,
as completed its building and Ia
apidly installing equipment of textile
nachinery. There will be 2,00*
pindles and 450 looms, all driven by
lectricity. The, investment is $50,.
00.
Union (S. C.) Cotton Mills has de
lared an annual dividend of 3 1-2
>er cent. on commcn stock, which
tmounts to $21,000. Lockhart Mills
>f Lockhart, S. C., has declared a.
emi-annual dividend of 3 per cent.
mounting to $18,000.
H. C. Townsend Cotton Mill of
tnderson, S. C., reported at length
ast week, will invest $25,000, and
ince awarding contracts expects to
ouble the plant before the year ex.
nres.
Spalding Cotton Mills of Griffin.
a., ihas declared a dividend of 10'
->er cent., besides adding a consider
ble sum to its surplus fund.
It is stated that a Philadelphia
yndicate will invest $1,000,000 in the
~stalishment cf a knitting plant for
h production cf hosiery and under
ear at West Point, Va. Names of the
nterested parties have not been an
iounced as yet. but it is known that.
)lans and specifications for the mill
m.d eqpipment are being prepared.
he two main buildings will be 501
0x0 feet and 50x120 feet 'each, boiler
rhe two main buildings will be
iorse-power boilers. The machinery
aill be driven by electricity. Paper
boxes in which to pack the product
w'ii. also be made. West Point inveas~
ors will aso be interested. ,.