*
?
VOL. 9, NO. 102, SEMI-1
lend legitimate credit and charge
normal interest rates on loans. He
telegraphed to ten national hanks in
the four reserve cities in the South
that their requests for additional
'i" crop moving funds fnom the federal ,
government would not be granted at
this time, and made it clear that his |
action was taken in connection with
reports of excessive interest rates
and restriction of credits.
In a statement made public with j
the telegram Mr. McAdoo declared
there was an extraordinary hoarding
of money by banks throughout the
country and piling up of reserve j
without occasion. He said reports
to the comptroller of the currency
showed money hoarding has been
carried on by banks to an extreme i
degree, and announced lie expected
to focus attention upon the guilty |
banks by issuing a dally list of those
with excessive reserves.
. MIGHT IMPAIR CONFLUENCE. .
Although the federal government
has no power over state banks or
trust companies, the secretary ex-'
plained state bank superintendents I
would be asked to furnish available j
information on money hoarding in
such institutions. He characterized
money hoarding by banks as the
agency most likely to impair confi-1
^ dence and injure business.
' The statement follows in part: '
"I have decided not to deposit the
second Instalment of crop moving
funds with your bank at this time.
You can, however, if you desire, |
withdraw one-half of the securities
deposited by you and uta- them au security
for the issue of additional cur-'
rency if you make application therefor.
I am Informed that irw v luniks
in your state are re'us.ii.g to make i
any loans f<>r cro.j moving purposes
and that in V cit^s j.uiod loans j
are rejected rqp-s of j
interest are asked.am informed
that manv ban|:s wlncn have
taken out additional c tKicv are
refusing to use it in spite of great
demands for money. I trust vou nre
not doing this.
ALL MUST PULL VOLKTI I'R.
"I shall withdraw all government
deposits from baiik^ harginv excerM.
...?
tr.ve rata or interest, or fhK'h refuse
reasonable accohir.indetior.n, end I
ahull refuse to issue co-called emergency
currency lo hunks which are j
not making useiof it on reasonable
terms for the benefit of the business
community. It is raaential in the
present situation that everybody pull
together in an unadf'.sh sn'rit lor
the good of the country.
"The reports of national banks
now being received ny the comptroller
of the currency in response
to his call for a statement of tbnir
condition as of September 12, indicate
an extraordinary hoarding of
money by many nationnl banks.
There is neither occas'on nor ue-1
cessity for it. ,
"I intend to begin issiung daily a
list of the hanks which are hoarding
money by maintaining excessive reserves.
The reports of national haultp are
public property anyway, and while
they have been published In their respectlve
communities. the si^nifleance
of their statements is not gen-1
erally understood. My purpose is to
focus attention upon the exoossive
reserves carried by those ?>anl:s for
the reaorves Indicate whether cr not j
the banks are using their full resources
for the relief and accontmo-'
riation of business in their respective
commutntles.
MATTER OF REGRET.
"It is a matter of extreme regret
that the government has not the
power to exact similar statements
from the state banks and trust companies,
because I am satisfied that
many state hanks and trust companies,
like many national bniiks, are
hoarding money and refusing t > ex-1
tend legitimate credits. I shall ask
m
[ WARNS BANKS NOT
TO HOARD MONEY
Secretary McAdoo Adopts
Stringent Measures, jj
ALL MUST PULL TOGETHER
Announce* lie Will Issue l)a|p List
of llunks With Kxres^o
Reserves.
\ % %
Washington, Sept. 23.?Secretary
McAdoo tonight adopted stringent
measures to urge national banks to;
/
iVEEKLY. \
^ '
the superintendents of banks In Iho t
various states Kfco-operatc with tlirt I
goveijnment by supplying reports of
the condition of the state barks and
trast companies.
"The banks that are hoarding
none>| should discontinue It. Such
action? more than any other a.Tfncy, ]
tends to impair confidence anu Injure
business. If all of the banks of
the country will do their duty In the
present circumstances, by extending J
legitimate credits at reasonable rates
of interest, the most serious of our ?.
difficulties will promptly disappear. '
The secretary's statement wa! issued
after the federal reserve board
of which he Is an ex-ofllcio member,
had listened for several hours to
pleas of assistance from the "Committee
of Forty" of the farmers' ,
union which came to Washington to
urge direct federal loans to cotton 1
producers. The committee was told !
that it was impossible for the gov-1
ernment to do more for them than
It already had tried to do.
TIIK WAIt TAX BILL.
I
l> t'mler Special Rule Respite
Much Opposition. '
Washington, September 24?Do- i
bate on the war revenue bill was in |
ed tonight with passage assured to- I t
tonight with passage assured to-|c
morrow by an overwhelming major-, >
ity. The measure was taken up under i
a special rule limiting debate to! c
seven hours} and barring amendement <
over vigJi-ous opposition from
Rcpuhlicms and progressives, sup-1
ported bwthirty Democrats. ' j
DemoOTatic Leader Underwood ,
and Representative Payne, of New t
York, opened the discussion after the ;
fight over the rule. ?
Mr Underwood said the country (
was facing a world-wide disturbance y
of business conditions and was "suffering
in a bus'ness way more than t
we ever have suffered since the War (
Between the States." He said the
pending bill was necessary to meet j
an erlgency over which the government
had no corttrol and that ordinarily
the present tarlc law would be 1
adequate for expenses.
Representative Payne declared thej
trade balance ngalnst the United 1
States in the first thirteen months of
the Democratic tariff law exceeded '
$200,000,000 and the responsibility *
for financial troubles now lay at the;
door of he Democratic tariff. He ns- 1
sorted that in 1916 there would be i '
no revenue from sugar and asked i ,
where the Democrats u-nnid ????!<
$4 0,000,000 to counteract that loss, j
During fhe light over the special
rule Representative Hohson of Alabama,
protested agatnst the provision
against amendments.
JI'Llt'S K. lUMKiS, ESQ., I?KA1?.
Was for Many Years Solicitor of
T'oitii circuit.
Anderson Special to Charleston
News and Courier, Sept. 24.?Julius
E. Hoggs, Esq., practicing attorney
of this city, died tonight at the Anderson
Hospital, after an illness of
several days. His health had been
poor for several months, and he
went to the hospital one week ago.
Kidney trouble was the cause.
Mr. Hoggs was about af> fears old.j
and was a resident of the town of
Pickens until Ave Pears ago, when he
moved to Anderson'* He was solicitor
of the tenth tinfieinl rlr?nl?
mnnys years and qu^it that office to?
be a candidate for Congress from
the third district Air years ago. II.' I
is survived by ?^ie daughter. Miss
Helen Haggo. of^ Pickens. Funeral
. rrangements hate not been made.
I I
Novel Plan to lloost Movement.
Washington. Sept. 24. Speaker <
Clark. Miss (lenevieve Clark, Miss f
Lucy Burleson, Miss ('allie Hoke |
Smith and Representative Jolinson, j
of South Carolina, who represents a |
cotton mill district, were actors In a i
moving picture scene on the capitol <
portico today to boost the movement
of substitute cotton dresses for .
silks. TJhe trio of girls carried i
large department store packages. I ;
each containing a dress length of 1
cotton goods from South Carolina, j
w nit ii mwy win n.ive made Into i
frocks for exhibition at the notional
cotton fashions shov. Jiere October I
7 and 8.
.fosiah farter Dead,
Washington. Sept. 23. Josiah I
Carter, private secretary to Senator i
Hoko Smith of Georgia, died of nr <
affection of the arteries at Garfield <
hoapital here today.- lie had I..' en |
in poor health several years. 1 i
/ ^
LANCASTER, S. 0. FR
GANNON'S ROAR STILL [\
MARKS AISNE BAnLE
Vo Decision After Nearly Two I
Weeks of 'ightinK.
5HELR FIRE CONTINUOUS. 1
iliglit Fluctuating Successes Itepm-t-' \
ed by CiermanH ami Allies, Situation
rnelioitged OtherwiNe.
London, Sept. 24.?Heavy urtil-;
ery continues to play a leading part F
n the battle of the Alsne, which has ' n
>een in progress nearly a fortnight, i t
The opposing forces continue to ham- ^
ner away at each other from their | a
veil entrenched and strongly forti- \
ied positions with the greatest stub- b
lornness, but without decision. I ll
Almost without a lull groat shells E
ire being hurled across the rivers, *
valleys and plains stretching from P
he river Olse. in the west, to the t
deuso, In the east, and thence south- P
vard along the whole Franco-Gerimn
hnrHor wFUn ?F? 11 * ?
, nunc nir iinutt-i KUIl<s i
)lay on the infantry lying in the \
renches awaiting an opportunity to ^
ioliver attacks and cour.ter attacks. I
vith, as the French offh ial commu-1
lications say. "alternate retirement ^
>n certain points and advance on r
ithers." c
RATTLE LINK LON VER. 'y
The battle line has stretched out ^
'artlier westward, the French left ^
vlng having made some progress in ^
he direction of Noye, northwest of
S'oyon. The latter place a few days
igo was the allies' extreme left. A ^
lotachment has occupied Peronne,
,{111 further north.
A report from German headquarera,
dated September 23, says, howsver,
that the efforts of the French ?
s
o encircle the German right have
tad no result. t
The French also claim to have q
TlUflo J*n nHvnnno hap* Itu-oo*
?>mwvw UVlvlinCOl \J I ( f
derry-au-Rac, where the Gernnin r
Ine crosses the Aisne, continuing e
southeast to Briruont, which has
jeen the center of many vigorous at- f
.acks. j,
JKRMANS RETAKE VARENNES. a
Along the rest of the line, al- s
hough there have been fierce en-1
tagemetns in which both sides claim I
i-ictory. the situation is unchanged, 1
ixcept that, according to German re- (
sorts, the German troops have recap- I
ured Varennes, which the French I
ook a few days ago. i
The Austrian general staff denies r
eports of Russian victories and the '
lefeat of General Dnnkl's army. The (i
\ustrian forces, the report says, v
'have been concentrated in a new '
tosition for several days, but have 1
vaited in vain for anv serious lino. > '
dan attack." 1
From other sources, however, it is *'
eported that the Russians have *'
mrrounded Przemysl and are be- 1
ween that fortress and Cracow.
It may be some days before anither
big battle is fought here, as
>ne Austrian army is behind the
orts of Przemysl, and the* other is '
nuking its way to the remaining
! c
or tress of Cracow, while the Russians
are taking the smaller towns "
>f Calicia under their wing.
s
PROTKST \<i.\INST WAIt TAX. " z
c
Hankers and Insurance Men Object
to Measure. j t
Washington Special to 'Charleston *,
Mews and Courier, Sept. 24. ?Rep 1
pesentatlve Ragsdale today received t
i telegram from President Shannon c
>f tho South Carolina Bankers' Aslociatlon,
protesting against the pro- e
;>osed war tax on hanks, on the! ?
ground that the hankR are already i I
earing an excessive burden of taxa-1 P
Jon and are not In a position to 1 u
Uand apy more.
Insurance men are also protesting ; '
itrongly against the item of the war ?
lax bill which affects their huslenss,
ind every member of Congress is be- I
ing buttonholed many times a day b
ind urged to vote against the mens- ^
Lire on one account or another. 1(
French and German Wounded Treal- h
ed Alike In Hospitals. t
Bordeaux. Sept. 24.? President e
I'olnrare's recent admonition to the r
tiORpitala to treat German wounded a
the name as French In helng carried r,
jut, according to a correspondent I t
who today visited the Bordeaux
high school, where sixty German t
wounded are being treated. t
IPAY, SKl'TKMBKK 2Y ir
fILLA RAISES STANDARD
arainrt mmn
sr or not General Obregou, com- a
aander of the division of the northq
>ast, was held under arrest by Villa. ^
After receiving a long message ^
rom Carranza, llafael Zubaran,
lead of the constitutionalists agency
t the Mexican embassy, gave out a
tatement in which he said;
"Contary to Villa's denial that lie
g
tad arrested General Obergon. the
atest ofticial reports from Mexico
'itiy today made clear that he is still
?eing held in the territory controled
by Villa's forces. In view of this ^
injustitiable act on Villa's part, t'aranza
took precautionary measures
o protect the railroads, giving or- c
lets to discontinue temporarily ser- n
ice to the north of Aguas Calientes. r
riiereupon Villa asked the first thief a
... iifuiiue explanation ol t
his art. Carranza answered that he- ^
ore he would vouchsafe . :i c:;p'rr?- v
ition, he demanded on Villa's pari j jj
in explanation of Villa's conduct in a
inwarranta' y holding General (
)hregon. v
"Instead of giv\,g to Carranza a n
atisfa< .ory c planntkin Villa Inform- x
d tin first chief that he had given
irderi to 1 alt Obre.-on at Torreon, ^
nil that the forces under Villa's ;l
omi innd wocld not be represented v,
it th" national convention to he held
n M xifo City Oct ?her 1. Ia conclu- ,|
Ion Villa said he n - longer recogqied
C; rranza as the first chief of the
onstitvtionalists." ,]
This Hidden hreak between the t
wo foren ost factor ju Vexi o's ,
?o"tic? mil; m! a p ofoi nd sens'lion <;
iere. Secretary- R yan wo ild mak" j
10 comment and White H iu'.? oH- c
ials were silent. c
It wn^ generally ttnd< st< oil law- (
iver that President Wilson, who has -j
et no date for tho departure of
American forces from Vera Cruz. (
irohahly would delay tho evacuation n
intll the controversy was adjusted. i(
Official reports from various noints ?
ii Mexico today had pictured the ait- 0
lation as ominous. a
During the day Paul Haulier, who fl
las had personal conference with h
ioth Villa and Carranza for the
Vashlngton government reported at <,
ength to President Wilson and Secetarv
Bryan. Mr. Fuller Is undertood
to have explained to Carranzr
hat the A mnrlooi* ' * ? *
..... v?.x rkwioi >? an hlMTi I1IIICIII UI'Mr- *
(1 to bop a provisional government t
et up which would bo recognized by
,11 factions and only such a govern- v
nent would be accorded rorognl- I
Ion. t
Well Informed officials seemed to . I
hink the cause of the rupture be- t
ween Carranza and Villa was Villa's t
iiuiiiiiiim uniiiinnLn
n
K
)enounces Central Government <>
Headed by Former Chief. *
li
rWO STATES NOW IN ARMS ?
V
'Ilia <'uts Himself OfF from Man S
Acknowledged as Civil llea<l ?
of Government.
El Paso, Texas, Sept. 23.?.Gen. ''
tl
'rancisco Villa, dominant leader in ^
lorthern Mexico, tonight denounced
he central government headed by
fenuRtlano Carranza and formally ^
nounced his independence.
This placed the state of Chihualua
In open revolt against the party
n power at Mexico City as well as
lonora. the next border state to the
u/va* ...U "
>ctv, ?ncre uovernor wiaytorena j ^
ireviously ha?! proclaimed his indeletidence
of the constitutionalist
tarty as represented bv Carranza.
P
DISAVOW SLKADER.
e
r'illa Informs Carranza His Men "
Won't Participate in Convention. fl
Washington, Sept. 23.?General 11
filla has telegraphed General Car- ()
anza disavowing the latter as first
hief of the constitutionalist army in
barge of the executive power in ''
dexico. This was announced in a ri
elegram from General Carranza to- (
light to the constitutionalist agency
lere.
General Villa at the same time anlounced
that neither he nor his
lelegates would participate in the
lational convention called for Oc- j ^
ober 1 at Mexico City to nominate V.
. provisional president.
The exchange of telegrams re- j
ulted from General Carranza's or- i
e
ler to suspend railroad communicaion
between Aguas Calientes and
"orreon until he could learn wheth- I
I
H4.
isapproval of Carranza's system of "
i presentation in the national ccnention.
Villa opposes Carranza's
andltlacy.
Just what the American governlent
would do in the present emcrency
was not clear tonight. Some
flteinla ..? ?? *?-- -
, ..v.c iuiimuciii uit- iricuon i
oulcl not result in a second revoluion
because of the strength of Vi 1 i's
army. They thought a ?om-|
romise might be arranged and it I (
as not certain whether the United i
tales would interpose its influence j |
r wait devclopinents.
Villa agents today sent several ear- j
>ads of war munitions, as well as
roops to assist (low Ma.vtorena of
onora, who is in open revolt against j
arranza. This was followed later. '
ccording to report received here by > '
lie sending of 500,000 pesos in Vil- ' '
i paper currency to Mavtorena 11
fliicials. This money, it was said, v
as being placed in circulation to
bsorb the Carranza issue.
General Obregon, a Carranza ad- 11
erent who heads the northwestern '
lilitary zone, of which Sonora is a
art, remained at Chihuahua City a
risoner at Villa's headquarters.
All avilable troops under Villa's 1
ummand were rushed tonight to
leet what was reported as a . trong
r>r<-e of Carranza irnnns mnvitif
orth from Zacatecae. lOven the two 1
rigadea which were sent on an over- f
ind marched into Sonora to assist , r
lie Maytorena revolt were recalled *
urriedly. They passed trough Jua- ^
[?7. toniglit on their way hack to 11
hih*uhua City, Villa's capital.
i
I'llfJK AHCEAOE KFDCCTION. s
c
Warehouse Ilill Also Fndorscxl by 1
S. C. Cotton Congress. I f
Columbia Special to Charleston r
lews and Courier, Sept. 24.?The ^
outh Carolina division of the South- I
rn Cotton Congress, which met here t
ist night, was in ssesion until an I
arly hour this morning. The cot- 1
on situation was exhaustively dis- '
ussed and resolutions were passed
sking that the legislature, at the I
liming special session, pass a law re- c
uiring cotton acreage in this state a
0 he reduced at least 50 per cent, a
1 state cotton warehouse ' ill similar, t
o that passed heretofore, was also (
ndorsed. s
The congress will request Cover- t
or Illease to attend the meeting of I
overnors ??f the cotton growing t
tates in Washington. ?'
_____________ c
TO IIOLI) (OM'KliHXCh;.
. ll
'ilia Oflicers to .Meet Diaz. ami t
< 'arhajal.
101 I'aso. Texas, Sept. 24.?Fran- ;i
isco ("arhajal provisional president a
f Mexico from the time of lluerta's t
csignation until General Garranza t
Hsumed the place, and Felix IMaz,
he first revolutionist against the ;
ladero government, are on their t
.ay to K1 Paso to confer with of- c
cers of General Villa who yesterday t
nnounced his independence ??f the f
'arranza central go\( ; nuient. Till., s
.as announced today l?y ("arranza's ?.
tficers on advices from agents at
Jew Orleans a.nd Sain Antonio. ;i
Telegraphic and railroad trall'n |
lotitli of Juarez vas suspended today t
nd the movem* nts of Vila's troops \
il?ro iinltnAiiti
1
ordiiu Will I vol* lioiliicctl Anc- y
ape.
Columbia, ? >pt. 2:1.? Ilarvio .TorIan,
president of the Southern Co
on Association, lias written a ie'ter I
o E. J. TYatson, president of the I
louther* Cotton Congress, in which I
e thanks Mr. Watson for his co- <
peratlon In urpinp members of the <
on press to attend the meetinp of r
he association in New Orleans next t
"uesday. ti
Mr. Jordan thinks that lepisla- t
ion prohibitinp acreapo to cotton (
r demandlnp reduction in the acre- t
pe is the bedrock on which tin* I
Ipht must be won or lost. H-> is !
ptimlstic of the results that may be t
chieved at the meetinp Tuesday, 1
aylnp that it will probably be the 1
ast extensive meetinp for some time, i
j t
Jueeii Wllhelmina Inspects Her T
Trooos.
Rotterdam, Via London, Sept. 24.
A^ueen wiineimtn. today in ipee'.od
ho troops along the border, leaving 1
his morning and returning tonight, t
Two hundred and sixty six sur- (
Ivors of the British cruisers sunk 1
n the North Sea were transferred <
his afternoon to Oasterland for 1
ntermont. Survivors landing at I
he Hook of Holland have been t
aken to Friesland. t
IS.
$1.50 A YEAR.
rURKISH AMBASSADOR
WILL LEAVE THE 0. S.
\. Rustem Rev Will Return
to Turkey.
AtSES A SENSATION.
nt'ornis President Wilson That llo
Doesn't Alter Views Keren! I>
K\pressed in Interview.
Washington, Sept. 2 4.?ltu-tom
ley. the Turkish ambassador, has
nfortned President Wilson that he
loes not alter the views be recently
'xpressod in a published interview
md will leave the United States
vithin a fortnight.
The ambassador refused to comnent
further except to say he had
isked his government for leave of
ibsonee which he was certain would
>e granted.
The announcement of the ambaslador's
withdrawal, though not unexpected,
caused a profound scnsaion
in diplomatic circles.
Coming dose on another diplonatie
interview yesterday of which
lie administration at once took
ognizance, that of Baron on Schoen,
>f the German embassy, on the posibility
of war between the United
States and Japan, it was interpreted
is an indication of President Wilson's
determination to silence comncnt
by foreign diplomatists, considered
dangerous to the neutrality
if this country. It was understood
ho President would decline to roeive
diplomatists who make comnents
which he considers obnoxious.
Uthough Count von Bernstorff and
iaron von Schoen have repudiated
he Baron's interview, the state de?artment,
at the direction of the
'resident, today was still looking
nto it.
The Turkish ambassador, in his
IIterviow rnnslHoratl ?i
|,?ivuuio#iy
ibjectionable by the administration,
aid the sending of American warhips
to Turkey in connection with
he report of uprisings against
'hristians would lead to a serious
ituation. At the same time he said
hat while massacres had previousy
occurred in Turkey, they were
he same acts as any people might
onimit under provocation. My way
?f illustration he reminded the
American people of the lynchlngs of
iegroes and the "water cures" in
he Philippines.
The ambassador later explained to
idministration officials personally
ind by letter. The President directd
Mr. Bryan to say in answer that
he statements made by the ambaslador
were objectionable to the
Vmerican Rovernment and but for
ho fact that a'tense situation exist(I
in Turkey, which he did not desire
0 aggravate, the diplomatic imiroprlety
committed by the amhasador
might he a subject lor discusion
with the Ottoman government
The President asked whether the
imhassador oared to make any exirossion
and today's announcement
hat lie did not wish to alter his
lews in any way and would leave
n a fortnight was the envoy's reply.
Hiss Mai > Nancy Mohley and Mi*.
lames K. Caskoy Married.
Ipecial to The News.
Heath Springs, Sept M :>iiss
liar> Nancy Mohley and Mr. .lames
]. Caskoy gave their many friends
lore a pleasant surprise VVedneslay,
the 23rd inst., by going to CamIon,
where they were quietly marled
that afternoon, intelligence of
he fact reaching here by telephone
ibout 7 o'clock. The bride is the
ttraetive daughter of Mr. and Mrs.
1. \j. Mohley of Heath Spring, and
he groom, an enterprising young
ill oi ?i orui *-? f t.' ? ? - 1- 1
Miniurnn III rVCTBIIHW, IS ft fOIl O T
drs. Sallie Caskey, also of this
dace. The young couple, held in
?lgh esteem for their many exoelencles
of person and character, will
nake their home in Kershaw, where
he groom has recently purchased a
esidence.
It. M. I>?vls Kills Himself.
Charlotte, N. C., Sept. 23.?
Realizing that he could never retain
his health, according to a <p3dal
tonight from Tarhoro, Robert
M. Davis, for 14 years superin'enlent
of Tarhoro graded schools, shot
Himself to death this morning,
buffering from insomnia, he is said
(o have secured no natural sleep in
hreo months.
S