Historical Newspapers of South Carolina

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r 2 WILSON'S MESSAGE READ 10 CONGRESS Leader of Dominant Party Outlines Anti-Trust Legislation. NOW THE OPPORTUNE TIME No Tearing I" by Hoots; Make Conquest on Big Business One of Pence. Washington, Jan. 20.?Before an enthusiastic Congress and galleries crowded with friends President Wilson today read his message on antitrust reforms, pointing the way tc legislation to come. The message was as follows: "In my report 'on the state of the Union,' which I had the privilege ol reading to you on the 1st of December last, I ventured to reserve foi discussion at a later date the subject of additional legislation regarding the very difficult and intricate matter ol trusts and monopolies. The time now seems opportune to turn to that great question; not only because the currency legislation, which absorbed your attention and tho attention ofthe country in December, is now disposed of, but also because opinion seems to be clearing about us with singula; rapidity in this other great field ol action. In the matter of the currencj It cleared suddendly and very happi ly after the much-debated act was passed; in respect of the monopolies which have multiplied about us and in regard to the various means bj which they have been organized anc maintained it seems to be coming tc a clear and all but universal agree ment in anticipation of our action, a: if by way of preparation making th? way easier to see and easier to set oui upon with confidence and witliou confusion of counsel. "Legislation has its ntmosphen like everything else, and the atmos pliere of accommodation and muta understanding which we now broatln with so much refreshment is matte of sincere congratulation. It ought ti make our task very much less diffi cult and embarrassing than it woul< have been had we had obliged ti continue to act amidst the atmosphe re of suspicion and antagonist! which has so long made it iinpossibh to approach such questions with dis passionate fariness. Constructive leg islation. when successful, is alway the embodiment of convincing exper ience. and of the mature public opin ion which finally springs out of tha experience. Legislation is a busines of interpretation, not of originatioi and it is now plain what the opinio] is to which we must give effect ii this matter. It is not recent or hast; opinion. It springs out of the ex perience of a whole generation. I Has clarified Itself by Ion*? contest and those who for a long time battl od with it and sought to change i are now frankly and honorably yield ing to it and seeking to conform thei action to it. BUSINESS* STAND. "The great business men who or ganized and financed monopoly an< those who administered it in actu everyday transactions have year afte year, until now either denied it existence of justified it as necessar; for the effective maintenance and de velopment of the vast business pro cesses of tlie country in the modert circumstances of trade and mauu fature and finance; but all the whih opinion has made head agains them. The a\erage business man i convicted that the ways of liberty are also the ways of peace and tin ways of success as well; and at las the masters of business on the grea scale have begun to yield thei preference and purpose, perhaps thei judgment also, in honorable sur render. "What we are purposing to d< therefore is happily, not to hatnpe or interfer with business as en lightened business men prefer to d< it, or in any sense to put it unde the ban. The antagonism betweei business and government is over We are now about to give expressloi to the best business judgment o America, to what we know to be th business conscience and honor of th land. The Government and busines men are reaay 10 meet earn ome half way in a common effort t square business methods with hot! public opinion and the law. The bes informed men of the business worl condemn the methods and processe and consequences of monopoly as w condemn them; and the Instinctlv Judgment of the vast majority c business men everywhere goes wit them. We shall now be their spoket men. That Is the strength of ou position and the sure prophecy c what will ensue when our reaeonabl work is done. THE ADMINISTRATION'S OBJEC1 "Whan >oH mia AAn fast on A m wKo men unite in opinion and purpo* those who are to change their waj of business Joining with those wh ask for the change, it is possible ( effect it in the way in which pruder and thoughtful and patriotic me would wish to see it brought abou with as few slight and as easy an simple business readjustments as po Bible in the circumstances nothing e nentlal disturbed nothing torn up t the roots, no parts rent asunder whic oen be left in wholesome comblnatioi Fortunately, no manures of sweepln or novel change are necessary, will be understood that our object not to unsettle business or anywhei seriously to break its establlshe courses, at hart. On the contrar we desire the laws we are now abo\ to pass to be the bulwarks and saf guards of Industry against the forc< that have disturbed it. What we hai to do can be done in a new spirit, 1 thoughtful moderation, without rev< lution of any untoward kind. "We are all agreed that 'prtval L i tonopoly is indefensible and intolear- i . Me,' and our program is founded i upon that conviction, it will be a k omprehenslve but not a radical or unacceptable prograninie and these ) are its items, the changes which opin- < ion deliberated sanctions and for , which business waits: i "It waits with acquiescence, in the ' first place, for laws which will effecut ally prohibit and prevent such interlocking of the personnel of the directorates of great corporations? j banks and railroads, industrial commerical and public service bodies?as ! ' in effect result in making those who borrow and those who lend practical- ' Iv one and the same, those who sell . and those who buy but the same persons trading with one another under 1 different names and in different com- 1 binations, and those who affect to compete in fact partners and masters , of some whole Held of business. , Sufficient time should be allowed, of course, in which to effect these 1 ' changes of organization without in- 1 - convenience of confusion. 1 ' 'Such a prohibition will work much ' more than a mere negative good by j .correcting the serious evils which j' ! have arisen because, for example, the ' men who have been the directing spirits of the great investments banks have usurped the place which be- | t. longs to indenpendent industrial mani ! agement working In its own behoof. , ' It will bring new men, new energies , rja new spirit of initiative, new blood, 11 into the management of our great [ - j business enterprises. It will open the I | field of industrial development and > origination to scores of men who have 1 I been obliged to serve when their ab? ilities entitled them to direct. It will * immensely hearten more young men f coming on and will greatly enrich the r bulsness activities of the whole eoun try. * "In the second place, bulsness men ' as well those who direct pub'lc af' fairs now recognize, and rc ?gnize r with painful clearness, the great harm ' and injustice which has been done to ) many, if not all, of the great railroad " systems of the country by the way in ' which they have been financed and 1 their own distinctive interests subcrdl 1 nated to the interests of the men who 1 financed them and of other business enterprises which those men wished >.4~ Tl,? t.... Jo mo.lf . 1H? IP UlllUll I II' * Willi vi J in * ?IU,? , j therefore ,to accept, and accept with * relief as well as approval a law which i p will confer upon the Interstate Comr morce Commission the power to sttper j I Intend and regulate the tinancial op-! ~ era t ion ft hy which the railroads are ' henceforth to he supplied with the 3 money they need for their proper de~ ! velopment to meet the rapidly prow- | 3 line requirements of the country for1 B | increased and improved facilites of j "'transportation. We can not postpone | " ; action in this matter without leaving 8 jtlie railroads exposed to many serious ! " handicaps and hazards; and the pros" j perlty of the railroad and the pros* I perity of the country are inseparably 8 I connected. Upon the question those II ; who are chiefly responsible for the 1 " j actul management and operation of | "'the railroad have spoken very plain-; y ; lv and very earestly. with a purpose " i we ought to he quick to accept. It t ' will be one step, and a very important * one, toward the necessary separation " of the business of production from 1 the business of transporation. r THE ANTI TRUST LAW. "The business of the country awaits also, litis long awaited and has suffered because it could not obtain, furth or and moro expltct legislative defi* nition of the policy and moaning of , ' tho existing antitrust law. Nothing r hampers business like uncertainty. s Nothing daunts or dicourages it like V the necessity to take chances to turn " tho risk of failling under the condem" nation of the law before i? can make 1 ?-ure jlist what the law ! .Surely we " are sufficiently familiar wnn tin- actu' al processes and methods of monopoly 1 and of the many hurtful restraints of s trade to make definition possible, at any rate up to the limits of what ex* perience has disclosed. These pract1 ices, being now abundantly disclosed * can be exp.icity and item by item forr bidden by statute in such terms as r will practically eliminate uncertain- , " ty, the law itself and the penalty being made equally plain. _ "And the business men of the counr try desire something more than that the meance of legal process in these ' matters be made explict and intelligible. They desire the advice the difinite guidance and information which ' can be supplied by an administrative 1 body, an interstate trade commission. "The opinion of the country would ^ instantly approve of such a commls- j ? sion. It would not wish to see it * empowered to make terms with r monopoly or in any sort to assume " control of business, as if the Gov^ ernment made itself responsible. It ' demands such a commission only as ' an Indispensable instrument of lna formation and publicity, as a clearing house for the facts by which both the public mind and the managers nf Croat hunlnrtna nnHortnlrlnv ikniild K " - ~ be guided. and aa an Inatrumentallty for doing Justice to business where j the processes of the courts or the > natural forces of correction outside " the courts are Inadequate to adjust the remedy, te the wrong In a way r. that will meet all the equities and n circumstances of the case. b. DISSOLUTION OF CORPORATIONS. 'r > "Producing industries, for example ' which have passed the point up to . which combination may be consistent ' with the public Interest and the ' freedom of trade cannot always be * AI nnaclAfl I r% r\ tVioiw CAmnAnonf nnlia u 1 ooov VT3VJ III vv VUC'II wiuyfuuvin u ii i in _ as readily as railroad companies or similar organisations can be. Their dissolution by ordinary legal process J may often-tlmes Involve flnanclae con ' sequences likely to overwhelm the securlty market and bring upon It Jr breakdown and confusion. There . ought to be an administrative commission capable of directing and . shaping such corrective processes, not only in aid of the courts but also by independent suggestion. If necese sary"In as much as our object and the re spirit of our action In these matters In is to meet business half way In its a- processes of self-correction and disturb Its legitimate course as little as te possible, we ought to see to It, aud THE LANCASTER NEWS, < Lite* judgment of practical and sagacious men of affairs everywhere would applaud us if we did see to it. 1 M that penalties and punishment should j? fall, not upon business itself, to its V confusion and interruption, but upon A the individuals who use the instru- I mentalities of business to do things *7 which public policy and some bust- j A aess pratice condemn. Eevery act of , ^ business is done sit the command or A upon the initiative of some ascertain- ' sible person or group of persons, i ,n These sliould be held individually re- ! W sponsible and tlie punishment should A fall upon them, not upon the business organization of which they mnk? JJ illegal use. It should be one of the A main objects of our legislation to 11ivest such persons of tlietr corporate J cloak and deal with tliem as with those who do not represent their cor- ! porations, Dili merely op ueuneraie n Intention break the law. Business n men the country through would 1 am E4 sure appalud us if we were to take fef effectual steps to see that the officers K5 and directors of great business bodies H werer prevented from bringing them and the business of the country into disrepute and danger. INTERLOCKING DIRECTORATES. "Other question remain which will need very thoughtful and practical treatment. Enterprises, In thes modern days of great individual fortunes, are oftentimes Interlocked not by being under the control of the Bame directors, but by the fact that the greater part of their corporate stock is owned by a single person or group of persons who are In some way intimately related in Interest. We are agreed, I take It, that holding companies should be prohibited, but what of the controlling private ownership of individual or actually co-operative groups or individuals? Shall the private owners of capital wl stock be suffered to he themselves in wo effect holding companies? We do not wh wish, I suppose, to forbid the pur- prl chase of stock by any person who pleases to buy them in such quanti- a f ties as he can afford, or in any way soi arhitarily to limit the sale of stocks hi* ?.. ........ i, vji,.,ii MA .... IU ui'iiii iiur |Fii i v iiiinCt ounii " c ? OW quire the owners of stock, when their thl voting power in several companies th< which ought to he independent of thl one another would constitute actual control, to make election in which of them they will exercise their right pu to vote? This question I venture for your consideration. INDIVIDUAL JUSTICE. xv< "There is another matter in which w| imperative considerations of justice n and fair play suggest thoughtful au remedial action. Not only do many Ve of the combinations effected or sought to he effected in the industrial world hi, work an injustice upon the public in general; they also dtu ctly and seriously injure the individuals who are put out of business in one unfair way or another by the many dis loding and exterminating forces of combination. I hope that we shall agree in gi\ing private individuals J'* who claim to have been Injured by 'ia these processes the right to found pe their suits for redress upon the facts fo and judgment proved and entered In 1?' suits by the Government where the ea Government has upon its own kr initiative sued the combinations complained of and won its suit, anc^ that nc the statute of limitations shall be Vt Buffered to run against such litigants fie only from the date of the conclusion of the Government's action. It is not fair that private litigants should he * obliged to set up and establish again the facts which the Government has xe proved. He cannot afford, be has not the power, to make use of such processes of inquiry as the Gavernment has command of. Thus shall indl- ' vidual justice be done while the pro- Sl1 cesses of business are rectified and squared with the general conscience. "I have laid the case before you, no doubt as it lies in your own mind, as it lies in the thought of the coun- rz try. What must every candid man l say of the suggestions I have laid he- | fore you, of the plain obligations of which I have reminded you? That these are new things for which the country is not prepared? No; but that they are old things, now familiar and must of course he undertaken if we are to square our laws with the thought and desire of the country. Until these things are done, conscientious business men the country over will be unsatisfied. They are in these things our mentors and colleagues. We are now about to write the additional articles of our constitution of peace, the peace that is honor and freedom and prosperity.' i_ RECEIVER'S SALE. . STATU OF SOUTH CAROLINA, Countw of Lancaster. In the Opart of Common Plena. Farmers flanking A Trust Co., and V. J. Strait, against Southern VjC^xanlte Co., Charlotte , Trust Co/jand others. Under and bj virtue of a decree of 'His Honor, This. 8. Sease, presiding Judge of date/ Feb. 15th, 1?1S, In : the above eaum, I will offer far sale | before the Court House door In Lancaster. S. C.. mirlnr the lesal hours of eale on the first Monday In Fab- , rnary. 1914, being me 2nd day thereof, the following [ described real estate: All that certain place, parcel or tract of landl lying, being and situate In the counties of Kershaw and Lancaster, containmg one thousald and ninety-three (l,09t) acres; bounded north by lands of T. J. Strait, and lands knotfh as "Stlneon Place;" south by lalds commonly known as "Patterson! Lands;" east by Stlnson lands and (lands of J. R. Maglll, F. M Hammtbid and Wardlaw lands; west by lan\)s T. J. Strait, lands commonly known hs Warronton Place, and lands of McDowell, and I being the same tract of land conveyed to Southern Oranite Company by T. J. Strait, July 3rd, 1906. Terms of sale, 1-3 cash, balance In one and two years, secured by mortgage on premises, and Interest at 7 per cent from date of sale. M. C. HEATH, Receiver, Southern Granite Company. Jan. 6th, 1914 28-36 JANUARY 24, 1914. Saved Girl's "I want to tell you what wonderful b celved from the use of Thedford's Black Mrs. Sylvania Woods, of Clifton Mills, K> "It certainly has no equal for la gr liver and stomach troubles. 1 firmly belie1 saved my little girl's life. When she 1 they went in on her, but one good do Black-Draught made them break out, and more trouble. 1 shall never be without THEDFORD'. 3LACK-&RA in my home." For constipation, indigestior . ness, malaria, chills and fever, biliousnes I ailments, Thedford's Black-Draught has p: I reliable, gentle and valuable remedy. I If you suffer from any of these comp ' Draught. It is a medicine of known m< years of splendid success proves its i . young and old. For sale everywhere. Pi > ? For From Work. Goo The golden rule to be followed western Reci ih a view to obtaining loy from Think wha irk is to aim at doing It well, that an unju8( 0i ion you see It done you will lake jf you w Ide in It. between the The father of Thomas Carlyle was fer to llve iu ?tone mason and a good one, so his >ir,iv nm i said. The elder was as proud of j merciful, rati i stone walls as was the son of his I a loving! me n "French Revolution" when he jllHt aIuj unj rew the completed manuscript on! ' e table and said something like For Frost It is to his wife: i For fro8t ... .... toes; chappe There, let the world have it. I liav ! blalns, old t my best blood into it. skins, there i , . . , len's Arnica Hut his patience and pride in his at once and irk was to receive a severer test, home there ? lent the manuscript to a friend au tj10 time. 10 did not safeguard it. As a result, phin diseases servant threw it into the lire. The piles, etc. 2 tlior was not mirthful by nature, mail.' H. E. t he went cheerfully at his work phia or St. 1 ain and for the second time put s best blood into it.?Boston Globe. Subscri Lancaster Leads. Not Whereas, ROM THREE TO SIX HUNDRED holders and tl.liARS PER ACRE NET PROFIT residing in I l8 has been made by numbers of 48, in l.anc: rsons growing Extra Early Cabbage tloned the cc r the local markets frem nnr I'Vn.i in nrHor on oof Cabbage Plants. To get the whether or i rliest crop for home use of mar- one (1) mil >t, plants should be planted now In real and pei I territory where temperature does district for s it go below six degrees belcw Zero. We hereb irietles: Early Jersey and Charles- be held by tl ild of Monroe, Misses Kittle Jones school distrlc irly Flat Dutch. February 4, Prices: 35c per 100, or $3.50 per At which 000 by mall postpaid. By express tors as retur luyer paying charges which are erty for tax ry low) 500 for $1.00; 1,000 to their tax re 000 $1.50 per 1,000; 5,000 to certificates s 00 at $1.25 per 1,000; 10,000 and The open! er at $1.00. Satlr "action guaran- shall be the >;d. Terms: Cash with order. No elections, ipment made C. O. D. 1 WM. C. (JKRATY CO., ^ "The Cabbage Plant Men." J YONQBS ISLAND, 8. C. Count> 52 In the morning when you get i wood or coal in the house, isn't it i and just go to cooking. Now, life this country when it is in the read , the thing. Wicklessand valveless thing in one-half of the time. Tr Also take a peep at the Ideal Fire bles will be over. Both have got h Youi J. B. k?3e&?fi&i23iAA A nures0,d Scrcs> f WW VP The worst cnses. 1 dj& Ate cured by tli m ^ a J Porter's Atitlnrr I m Paiauud Hea'-a LAIC ? ... * . S MONE enefit I have re- ~ -Draught," writes j am now , r? X to negotiate ippe, bad colds, 2 wards on first vc Black-Draught J icotton far9*8 lad the measles, 5 j 1(,m^ tln*f r' t t>i jr ., M istallmeutfe at >se of Thedford's J no comluas she has had no 5 8maM fee "V A title. > C _ _ m M ' Lancaster IIAHT i i Eyp H B /w ? ? ? L?v. Lancaster Lv. Fort I Jaw L-v. Basconivl s, and all similar 9 ^r". cfrwlterf roved itself a safe, X 4 ' Lv. Cheater./. V IjV- Rlchbarg ilaints, try Black- # j l.v. J*>-?on*vi ait Stventy-five # ? /alue. Good for 7 I Co?a?ctI?* rice 25 cents. 9 ern[MS] V wester* Rail' ? * .j^r I >an caster, id Government. # ord. ] t this world would be if Schedules r unholy God governed _ . y ere compelled to chose Premier tj two, would you not pre- N. B.?8cli a world ruled by a Just as lnformath 1 who was not loving guaranteed. 1 her than in one ruled by Dally depn rciful God who was un- No. 113? loly. Hill and way No. 118?I ites and ("happed Skin. Columbia'ant bitten ears, fingers and No. lltr?' d hand and lips, chil- Columbia, Ol sores, red and rough tlons. s nothing to equal Iluck- No. 117? Snlve. Stops the pain Hill, Yorkvlll heals quickly. In every Charlotte, \V should be a box handy aQd New Yoi Best remedy for all W. E. McC >, Itching eczema, tetter, bla, S. C.; \ 6c. AM druggists or by Charleston, ? Bucklen Co., Phlladel Liouls. T 1 ?o for The News. ? 7h?e tliXr bi Octobor 15, 1 One per ceni ? ci 4, ln January, I Ice of Klection. ruary and s one-third of the free- In school i one-third of the electors 13, 15, 30 a Jnity school district, No. two (2) mill ipter county, have peti- Nob. 2, 3, 7 runty board of education and 4 8 specl I election to determine In districts 1 aot hn additional tax of 23, 27, 31, 1 shall be levied on all tax four (4) sonar property ln said , 24, 33 an ichoo1 purposes. (5) mills, y oinler the election to special tax lie trustees of said Unity V6 ) mills. ;t, N(* 48, on Wednesday, I 32, 46 and 4 at Unity school house. I mills. In dl election only such elec- ten (10) ml n real or personal prop- spoclal tax el ationfand who exhibit I trict No. 25 i ceiptsJ and registration | half (2%) i hall ^e allowed to vote, between the ng nnTk closing hours jure subject I same as| in all general ' three ($3) d and all mal V. A. LINT3UE, ages of 21 ar 1. O. RICHARDS, one dollar p< I. K. CONNORS, ' Board of Education. up and find all of your pipes lice to just stick a match to i is short, why not have wha 1 of all. A Florence Automat , nothing to get out of fix and Y one. Sold on a guarantee, y< less Cooker and then all youi 3 please you or back them cox *s for business, \CKORl 9:30a-?6:4Sp f 10:20a?7:17p llle 10:31a?7:?lp n 11:03a?7:66p & 11:80a?8: 2Sp k?Chester, with SouthI ui Carolina A Northways. , with Seaboard Air Lisa with Southern Railway. K. P. McLURR, Supt. Southern Railway. Carrier of the South, edule figures published n only and are not Iffectlve Sept. 15, 1011. rture from Lancaster: 10:05 a. m. for Rock stations. B: 11 a. m. for Camden, 1 i 'ay stations. 1: 15 p. m. for Camden, tia -leston and way stn7:^8 p. m. for Rock e aifd way stations. Also ashlngton, Philadelphia Itee, A. G. P. A., ColumP. H. CafTey, D. P. A.. i C. \X NOTICE, oc/ks will be open from 813, to March 16, 1914. tr penalty will be added [ two per cent In Feblyen per cent In March, olstricts Nob. 1, 4, 6, 6, inp 43 a special tax of b/Is levied. In districts ,/8, 19, 22, 26. 34, 46 ill tax three (3) mills, foa. 10, 11. 17, 18, 20. 119, 4 2, and 4 7 special mills. In districts Nos. q 36, special tax Ave lln districts No. 14 \ six and one-half /In districts Nos. 12, 19/special tax eight (8) stklct No. 3 8 special tax lis.) In district N). 40, even (11) mills. In dlsBp/clal <ax two and oneniils. All male citltens aaes of 21 and 66 years toja capitation tax of oAars for road purposes, e* citizens between the id 60 years are liable for >11 tax. T. L. HILTON, County Treasurer. Ti s ii 13 f I frozen and no your oil stove t you want in ic Oil StOT6 is I will cook anyDii take no risk. : cooking troune. $r ELL t 1 Otter Remedies Won't Cui?. ^ hornt(? of how lonjj standing, e wonderful, okl reliable Dr. (!c Tlenlinc Oil. It rellevea , t tlio same time. 25c. SOc. $1.00 * , ;y to loanT prepared, as heretofore, loans of $300 and up; mortgage on improved <m T . IU U(iuv/(inici vuuut/t \JU jpayablo in annual in7 per cent interest, ion charged. Only a furnishing abstract of \ R. E. WYLIE, I Attorney-at-Law. & Cheste? Ry. Co. Effect Nov. 9th, 1913.. istern Time. ESTBOUND. ' 6:00a?3:16p n 6:30a?3:66p Hie 6:47a?4:16p : 6:68a?4:30p 7:40a..6:15p A8TBOUND.