The Lancaster news. (Lancaster, S.C.) 1905-current, February 24, 1906, Page 6, Image 6
The Jordan Cotton Scheme '
Details of Plan to Take 500,000
Bales at 13 Cents.
Anderson Daily Mai!:
I
Following is the form of tliej
contract agreed upon I?y Thomas, *
his associates ami President .1 <?r |,s
da i :
4>I agree to sell to the order of i
Harvie Jordan, o! the Southern jf
Cotton association, for the E. K.
Thomas syndicate of New York (
City, bales of middling cotton
at 13 cents per pound at interior
points, and further agree
to ship same on demand 011 or C
before July 1st, 1900. The title
and possession of such cotton to
remain with the owner until the 1
purchase money is paid.
"I also agree to sell to the syn- J
dicate all cotton made by me
during August and September at c
the then marked price to be fixed
for the new crop by the Southern
Cotton association. ?
"The essence of this contract is
the securing from the planters of
the south not less than 500,000
bales of cotton of the present
crop at the above mentioned
price. (
Name
P. O. address c
"1 also retain bales of
cotton which I will pledge to 1
hold for a maximum price of 15
cents." t
E R. Thomas is at the head of
several New York banks, and is
widely interested in financial
undertakings. He has $12,000,000
in his own right in this deal,
in addition to the co operation of 1
several other financiers. 1
Mr. Jordan declares that New
York bankers are ready at any C
time to linance southern hanks t
in assisting holders of cotton for
higher prices. i
Mr. Jordan is confident that t
this move will assist in putting
up the price, and it now remains ^
only for the farmers to sell their c
cotton at the price mentioned in j
the contract.
"They may sell it outright at
this price," said Mr. Jordan, "or
they may hold for 15 cents. In
either event they are made safe.
The mills will have to 'come 1
across.' You will notice that the f
contract specifies not only the
cotton now on hand, but also that '
of the new crop in August ami t
September. Now if the mills
take all the cotton they need at t
their present rate of consump
tion, they will require 7,000,000
bales by Octobert 1st.
"The yarn and cloth print
spinners are quite able to pay 11 j
cents a pound for cotton." Mr.]'
Jordan resumed : "Cotton print!
cloth advanced 1 8 of a cent a |(
yard la.it week. The Fall River '
mills not only paid a dividend on '
their investment, but also 7 per I
cent, on the wage earnings of
- their employes. i
"You can see by this that the (
mills are plenty able to pay for ; |
cotton at a reasonable price. If
is not a que?tir.n ol working at
hardship on them. They .-imply:
wish to keep the prices down ho
that they can make more money."
Mr. Jordan added that option *
contranth would tie m:iil<>rl li> i
holder of cotton whose address
the association did not have. Ah j
soon an I lie contracts are accept- i
ed tor .">00,000 hales, then Thomas I
and his associates will take the j |
cotton. I
_ j
Thfl MOWQ Hoes Job Printing
111C liunk) for others. Why ,
can't we do yours? ? ? ? ? ? ?j,
Acts of General Interest
Passed by the General
Assembly.
T<> establish Christmas holiln\s
in I he St ate colh*ires.
Jo change the II < 1*10 ot Soiltll
Carolina college to the Univer
tily of Son1 h I 'arolinn.
To piovule lor a monument t<>
nark (lie grave ol Gen. Tliomas
Sumter.
To prevent restaurant and
uiting house keepers at railroad
ind steamboat stations from lurtishinu
meals to white and
jolored passengers togetlier
To have application tees of
"andidates lor medical licenses
o go to the general fund.
Making appropriation for dis
)ensary investigation.
To establish a hoard of parIons.
Appointing a batik examiner.
Establishing a fish commislion.
Establishing a fund for disabl
id firemen by taxing insurance
:ompanies.
To fix the salaries of the ciruit
stenographers at $1,500.
To celebrate South Carolina
lay in the public schools.
To buy new (lags for the State
louse.
To punish the stealing of car
>rasses.
To prevent merchants when in
lebt from selling their stock
otherwise than usual.
To require railroads at juncional
points through the raiload
commission to erect depots.
To require railroads and other
:ommon carriers to provide
oilets at stations.
To give the federal governnent
control over the quaranine
stations.
To prevent railroad companies
roin charging extra fare for
:rossing bridges when entering
he State.
lo give Ihe federal governnent
control over certain lands
>n Sullivan's Island.
To require common carriers to
e-weigh freight and to establish
scales lor that purpose.
lo require railroad companies
o give information concerning
lie shipment of live stock.
To cut dead trees from near
he public roads.
To punish indecent exposure.
To allow suits against iusur
nice companies to be brought in
lie counties where the loss occurs.
Joint resolution to buy 50
opies of Elizas' " The Jews ol
South Carolina."
To allow an illegitimate child
,o inherit Ironi its mother.
To amend dispensary law,
naking regulations as to other
ounties the same in Ilorry and
deaufort.
The general hill on voting pre incf
s.
The pure tood bill.
To appropriate $'JO,000 for the
Jamestown exposition.
The general magistrates' bill.
'P _ . lit - i ? ?
i o esiaousn Mil industrial
icliool for boys?J he reformulory.
To publish the namim of benelieiaries
in State institutions and
the names ot their parents 01
rjuardiatiB.
To prevent supervisors and
commissioners from furnishing
county supplies while in otlice.
1 To in ike the solicitors' salaries
$ 1,
To lepeal the law exempting
Conf derate veterans Iroin license
when dealing to seed c?>t
ton.
Allowing city council* ralhei
than hoards of healih to appoint
health ollicers.
To r> tpiire State house clerks
to give bond.
To have expert eheini<t to examine
?lie bodies of persons sup
posed to have been poisoned.
To prohibit wrong use of badges
or insignia of secret orders by
persons not members.
Attacked.
Says Mrs. Nancy Stoddard of Fountain
liii), S. ti. I was attacked hy that terrible
monster von all lUieunmtism <?tT11 NKW
l)lS''OVKI\Y was recount ended to inc t>y
our druggist, and after taking (wo bottles,
that great monster of trouble and fluttering
was forced to take its flight. I gladly recommend
it to any fluttering with Hheuiuaiflin.
Mold by Crawlor I Bros.
Summons for Relief.
STATE OF SOUTH CAROLINA,
County of Lancaster.
IN THE COMMON PLEAS.
Ileath Supply Company?Plaintiff,
against
Walter S. Taylor?Defendant.
To the Defendant Above Named :
You are hereby summoned and required
to answer the complaint in
this action, which is herewith served
upon you, and to serve a copy of yonr
answer to the said complaint on the
subscriber at his ottlce, in the town of
Lancaster, South Carolina, within 'JO
days after the service hereof, exclusive
of the day of such service And
if you fail to answer the complaint
within the time aforesaid, I he plaintiff
in this action will apply to the
Court for the relief demanded in the
complaint. C. D JONES,
Plaintiffs' Attorney.
Dated January 20, A. I>. 1900.
To the Absent Defendant, Walter S.
'i'...i..- .
aj iui
You will please take notice that the
complaint in this action was tiled in
the oflice of the Clerk of the Court of
Common Pleas in Lancaster county
on the 20th day of January, 190(5.
Dated January 20th, 1906
C. I). JONES,
Plaintiffs' Attorney.
Jan. JO, 190(5?6w.
SHERIFF'S SALE.
STATE OK SOUTH CAROLINA
County of Lancaster.
COURT OF COMMON PLEAS.
J (i. Baird, Plaintiff",
vs.
Walter S. Taylor, Defendant.
BY virtue of an order of Court
made in the above stated cause, dated
Oct. 24, 1905, and also by virtue of an
execution to me directed in said case,
I will sell at public auction at Lancaster
court house on the first Monday
in March next, within the legal
hours of sale, the following described
real estate, which has been levied
upon under said execution as the
property of the defendant, to-wit :
All that piece, parcel, or tract of land
in the town of Lancaster, said county
and state, containing one arid onehalf
acres, more or less, runnine alone
Market street from Chesterfield Avenue
to .Southern Railway Company's
track and irontingon said Chesterfield
Avenue,? heinga portion of the
estate lands of Julia A Taylor,
deo'd.
Also, all that lot of land, with the
buildings thereon, situate in the
said town, county and state, on the
West side of Main street.,extended,
containing one ami one-half acres,
more or less, tenanted by II. (i. McI
twain and being a portion of the
estate lands of Julia A. Taylor, dec'd .
Terms of sale, cash; purchaser to
pay for papers.
J NO. P. II P NTKK,
Sher i If I,an. ('o.
Lancaster, S C , Feb. t>, l'.toti.
I Williams A Williams, Plffs Att'ys
Notice
IY> the Overseers of the Public Highways
of Lancaster County :
I ask you all to warn out your hands on
each section of road and work your road
good between now and the 16th clay of
March, so you can all make h good report
on the iirst Monday in April, as the grand
jury requires you to do. The roads must
lie worked, and I hope I will not have to
| | have any trouble with any of the overseers,
i Take due note e and work your roads.
'I M. C. OAKDNEK,
? nunty supervisor.
J February 17, 1900. liu
| THE FIRST NATIONAL BANK, LANCASTER, S. C. I
1 RESOURCES $200,000.00. 1
2 DIRECTORS : 2
f T. S. Carter, ACCOUNTS |
? J. I). Funderburk, of farmers, firms and *
| w O. P. Heath, business men gener- M
m Chas. I). Jones, allv
? K. C. McManus, SOLICITED. f
^ CHAS. D.JONES, Pres't. E. M. CR0XT0N, Cashier, f
>
Southern 2\ciilnxij.|
I THE SOUTH'? GREATEST SYSTEM
Unexcelled dining car service.
Through Pullman sleeping cars
on all through trains. Convenient
schedules on all local trains.
Winter tourist rates are now in
effeet to all Florida points. For
full information as to rates,
routes, etc., consult any Southern
Railway Ticket Agent, or
BROOKS MORGAN, A.G.P.A., R.W. HUNT.G.P.A.,
Atlanta, Ga. Charleston, S. C.
52 "The Old Reliable."
< THE BANK OF LANCASTER, Lancaster, S.C. ^
S CAPITAL $50,000.00. fj
SURPLUS $50,000.00. ^
Loans made on Real Estate, at reasonable rates. N
f|fl Collections given prompt and careful attention. K
V Interest allowed on time deposits.. ^ ,
Your business solicited. The oldest, the largest and |1 i
11 the strongest Bank in Lancaster county. ^
\ We Have Just Moved J
M Into Our w
> New Quarters 5
m An attractive storeroom in the MOORE M
^ BLOCK, east side of Main street. Wecor- ^
ff dially invite all of our patrons and the M
%f public generally to call and see us. Will %
| M make announcement later of special bar- M
1^ gains we are now offering?too busy assor- ^
\m ting goods to do so now. B
s McOardell k Allison Bros, v
| J February 2, 1906, j
m/-\ mTTn
iu xnni
Heing now engaged in the general mercantile
business in Lancaster, we respectfully
solicit a share of your patronage.
We guarantee to treat you right. All we
ask is to irive us a trial.
We keep a general stock of Dry Goods
and Groceries. All goods new and Fresh.
Call to see us, one and all.
We are established in the brick store
on east side of Main street, lately vacated
by Carnes Brothers.
E. A. Thompson & Co.
mi