Historical Newspapers of South Carolina

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VOL. 10, NO. 92, SEMI-WEEKLY." WILL DEPOSIT GOLD IN NO DOUBT OF HOVI BANKS IN COTTON STATES VESSEL WAS If Necessary $.'{0,000,000 Will be Was Hit by German ' Deposited in Reserve Bunks Without Warning, C to Aid Cotton. cials Say. NO INTEREST CHARGE. MINE NOT THE ( Create a IIamIm for Knlar^eil erotl't Story From Germany That > iii 1111- niium?irosniciu * (HIH'IS Have Caused the K\|tlo on the Situation. Promptly Denied. Washington, Aug. 23.?Secretary ! London, Aug. 23.?Official McAdoo announced tonight that in official statements were ma< view of the action of the allies in hearing upon the precise j putting cotton on the contraband list: the steamer Arabic when s he would if it became necessary de- sunk, the purpose being t posit $30,000,000 or more in gold in ( definitely that she was an ui the federal reserve banks at At- merchant ship and that with< lanta, Dallas and Richmond for the tion she was struck by a purpose of enabling the reserve fired by a German submarin banks to re-discount loans on cotton The latter point became secured by warehouse receipts made'ingly important owing to ci by national banks and state banks i ports that some Berlin officii belonging to the federal reserve, tainod there was no proof t system. ' one saw a submarine and th? The gold would be deposited tern- might have been the result porarily, at least, without Interest ing a mine, charge. It was explained that it ap- The foreign office issued peared that the object could be ac- statement summing up tli compllshed with greater efficiency within the knowledge wit! thereby, the deposits would *be made closing all the details in iti directly with national banks agree- j sion. The statement said ( ing to lend the money on cotton at I that the Arabic was sunk b a rate not to exceed 6 per cent. ! man submarine without war The announcement came at the without any attempt on the close of a day of speculation in otti-j the steamer to attack the clal circles as to the nature of steps ^ water craft or to escape, which the Entente powers have in- nouncement also declared tli <llnatiwl Ihov vvaii 1 rl tobo t rx nnKnl/I 1 ... *..w "ww u|/uuiui whs unarmed, was proceed! the cotton markets in the face of neutral port, and therefore their contraband order. no contraband. "In the exercise of the discretion The most important din given to him by law," read a treas- mony came from members ury statement, "Secretary McAdoo crew of the steamer Dunsl said that the government will for gave a circumstantial acc< the time being charge no interest seeing the German submari on these deposits in federal reserve she shelled the Dunsley. ' banks; that such action is Justified dared that during her man i|_ by the unusual situation respecting astern of the Dunsley the cotton caused by the European war; water boat came so closely i that he considers it his duty to use that It was possible to note s every available means in his power ed no number or distin to help the cotton producer of the, mark. I.ater they declared South in the circumstances: that it marine submerged and rout Is a matter of economic importance M'nsley'a stern, showing to.the entire, nation that those who' periscope, have produced the cotton shall have These statements are cons a fair opportunity to dispose of it till the gap in the testimony gradually and in an.orderly manner Captain Pinch and passem so they may not be forced, through crew of the Arabic, who dl<! inability to market their cotton grad- the submarine because s ually, to sell it at sacrifice prices. astern of the Dunsley. Thos "The secretary said that one of his the Arabic have declared t chief objects to create a basis for the torpedo speeding toward such enlarged credits in the South All the affidavits made that the banks will have ample re- American passengers 011 tli sources to extend to producers such now have been cabled to 1 accommodations that they will be department. These statemt able to carry cotton In warehouses every detail available from i for a reasonable length of time until sources. They relate chiefly It can he marketed advantageously, vidua! experiences, but all ai In order to accomplish this, he said no warning was given, that the national and state hank : upmoM.." .,^-..^.1.. ??? IW. Jiruu nan MTCIl which are member* of the federal re- the submarine, nerve system should make loans .>n The funerals of some of t warehouse receipts for Insured ??' hers of the Arabic's crew ton at low rates of interest: that the bodies have been rerovere banks can well afford to carry cotton held at Queenstown todt for producers at 6 per cent especially services were attended by If they are nble to re-discount cotton'of the city council, the Ro paper at the federal reserve banks Constabulary, representative at a much lower rate than 6 per White Star Line anil a Rrei cent; that the credit resources of the of citizens, banks of the country ure greater than ? ever before in our history and that the credit based thereon v there is no reason why the banks loaned on cotton insured i should not. in co-operation with the housed and at a rate of int.i merchants of the South, help the cot- to exceed K per cent, ton producers with loans at low ruUs "The secretary declared li In the present peculiar situation. eil there was no occasion fi "The federal reserve board, the about the future of cotton, secretary said, had a right to deter- if the bankers and merchan mine the rate or interest which the co-operate with each other i federal reserve banks can charge* the cotton producers of tl member banks on notes or loans ;e- " ? spirit of patriotism am cured by insured and warehoused regard for each other's wel cotton rediseounted with federal re-|aituatlon could b? hand serve banks; He has been unable happy results to all conceri to consult his colleague** of the fed 1 expressed the earnest hope eral resorve board on account of his' v'ould be done." absence from Washington, but fe?ds| The situation arising from confident of their co-operation in ov-'ton contraband order was i ery reasonable way. i today by President Wilson "Mr. McAdoo sail, however, that; P. G. Harding of the federu should It appear that the object in' board, who has investigated view could be accomplished with''on 'jueation thoroughly, greater efficiency to the cotton pro- The President is prepsrin ducers, tho merchants and the bank" lest to Clroat Britain agains of the rfouth by depositing govern-' der Mr. Harding maJo rect mnnt funds in (lie national oank- utions toduy for further step direct Instead of tho federul reserve fused to make them publ banks, he would take that course ami plan said to have been dlncui make deposits in such national templates scnuing uu infori hanks as would give him the assur- mission to Kugland to urr ance that the money so deposited ,?r I tho sale of surplus ootlon ftiucit! LANCASTER, S. C. ITK? oimi/I CHAUTAUQUA MM | | September 2, I Torpedo J )ff|. X A Tlnw-Diiy Mohili/. Z Community's Industrial, Educa i AttractioiiN Furnished l?y Kail* lit ;ause. ;; i j Thursday?Agricr lino >lay j | alon '\ MOKMM 11:00 O'clock Farmers Institute. I and un- \ J and National Fari lie today J AFTKItNOt status of *5 she was ?? 3:00 O'clock Lecture, "The New o show 11 U' Vrooman. loffening 4:00 ?'c,ock Concert. By The He aut ques- i1 F.VKNINt torptdo ;; 8:15 O'clock Concert and ?Kntet ie" I | | Leigh Company, ncreas , ^ 9;00 O'clock Lecture, "Armagedd lb,ed re" ! [ Great War. By I lis main hat any- 4: , s sinking 11 Friday?Educat of strik- ' | ... s; MOItMM a brief *? ie facts H 11:00 O'clock Kducalional Itally. tout dis- ' * am' National Kdi s posses- it AFTKKNOt leflnitely 5: r <i 3:00 O'clock Forty-Five Minutes nin and I ? Mysterious Milbui , 3:45 O'clock Impersonations, Stoi ">?"<" | aay. By Ch.rle under- ,1 The an- | actor e Arabic 3 5 KVEN'INC 'nR ,r> a j j 8:15 O'clock Magical Illusions am rarry,n* ] | ance. By the My !>:00 O'clock Grand Scenes fro n ect testi- ? . Tragedies. By \ ?' J \ celebrated traged ey who j J sunt of : : ne while * Saturda; They de- j | euvering ? | MOKNINt under- < ? ll:uo O'clock Addresses on'Boosti nto vlew, \\ Bv City, State and he show- j j ; iguishingi ;? AETKIlNtH the sub-1 :: :l:00 O'clock Grand Concert, By ' tided the ;l:45 O'clock Lecture, "Visions a only her Frizzell, Chautau< idered toj ? KXKNINC given by T 8:15 O'clock Lecture, "Some Tv gers and * By Dr. J. W. Fri: I not see' j|! b:UO O'clock Concert and Kntert he was | * Club, e aboard $ hey saw the ship. __ e'Law." WILSON AWAITS K1 the s?at.- ARABIC REPORTS tnts give Vmerican ^tep Taken I'ntil Germany otli . |() Has Stated Her Side of t, free that ,'M> * The up- Washington, Aug. 22. Judgment .* hut not 's suspended by the United njn( States government oil the torpedoing he inein- <>1? '^e ''npr Arable with a loss of two whos? American lives. Pending arrival of N111 d. were oftlciaI information on tlte attack, lo iv The high officials " ill not discuss it. tori members it was understood toniglft the all-|for< yal Irish important report awaited before the J \ a of the United States determines whether1 , it crowd Germany has committed a "delib-i erately unfriendly act" is expected ? from Ambassador Gerard at Berlin. Slil" vouid be fabled statements of Vmerican sur- tha or waro-j vlvors apparently have left no doubt .;|0, frest not j that the Arabic was torpedoed with- <tjMj I out warning. The question now is j ie bellcv-, whether Germany will set up a claim "Ul or alarm ttint maneuvering of the ship led the ,nei aud that, submarine commander to believe she to i ts would was attempting a hostile net against j the and with f it.m | WHf ie South Th<) pregideut will decide tumor- / 1 u.a.iuil i row whether a cabin?>t meeting will ufti Ifare tho! ^ cajje(| Tuesday, but ton-gli t Bin led with 8ef)me,-| improbable the cabinet mem- <'oL tetl lie t>f.rg would l?e summoned before finul be tbf bl?5| rep0rt<, ou the disaster were received, tho Severance of diplomatic relations tori 1 ''" ' "l j with Germany is being discussed as of ! ^80U<,8e'l j the step that would follow determi- wot w-fh T\ , nrtljon tjlat tjJO 9jnk?ng 0f ti10 Arabic | oat I reserve, wa8 jem,erateiy unfriendly. Whether, ble "" such an action would be taken without consulting t'ongress still is a mat g 10 fio-i trr ot- speculation. t tho or- > oromond- l?n|?lnii<l at i%er|M?o1. mat is but r<-- New York, Aug i.'* The White of t lie >n< vtrir Line announce dtoday that the '^r, ssed <(.u steamship Lapland Had arrived at frm nai com- Liverpool and dispelled fears that the out: angc 'or steamship bad met with mishap in pur the war stone. . wlc SI LAY, MM JUST 24, 1 <)15. =71 COTTON CONTRAB/ PROGRAM | OROfR [SSU[D BV 3 and 4. !! ? Formal Statement Iss at Urn of the '' the liritish Fort tional and Social Forces ^ OHice. IV, ol' Washington, I), S: _ J WILL All) THE M iltural Day. i i j Will Take Steps to Keep t'p, It Is lli'cliiii'il No S :! in Washington. Addresses by County, Slut" ;; . . .... , ; London. Aug. 21.?C't 111 KxportS. , , , , ji boon declared absolute ot DX || by Great Britain, accord Agriculture." By Dr. Frank j I j statement issued by the ii I office this afternoon. ssie Leigh Concert Company. ? ''ie statement declares j > government proposes to initi i i ures to relieve depressto 'taiiiment. My The Bessie \\ might temporarily disturb t | | market because of the ct on and After." a Story of the |' order. )r. Frank Vrooman. ?? It was learned upon inqu jj foreign office that the Fr? 5 i ernment will issue a simil ional Day. early tomorrow. f The announcement folio , * " I "His Majesty's govern 111 Addresses by Local. State declared cotton absolute co icational Leaders. || While the circumstances m J? justified such action at a [>N * 4> period. His Majesty's go of Huh and Magic with the are glad to think that lo< rns- : c tions of American interests ries. Recitations, Grave and ' | ju? afl'ected are more favo s B. Hanford, the famous J J sucli a step than they wei ; | ago, and moreover. His , *' government contemplate * i ; . . ; : of measures to relieve as fe 1 i'restidigitatoria I Perform- j' ... , , . ..... 'I sible anv abnormal depressi sterious Milburns. J > . . . .. . . JT . : ; might temporarily disturli Shakespeare's Comedies and ?? .... . >: conditions. Ir. Charles B. Hanford. the j. _. , . ., . . "J The declaration niakinf an" ; contraband is effective fro ; A brief royal proclamation y% ;; , in a supplement of The Lo j j | zette issued tonight says: | "Now. therefore, we do h i.'.g "The Did Home Town.' 1 larc by H,ul W,tU the ai' I National I^ad rs. * m,r l>rlvv that d, T (continuance of the war. or DN ?; do give further public notici The Lyric Glee Club. ? low ing articles will be treat nd Ideals." By Dr. J. VV. II solute contraband in ad qua Director. j ; those set out in our royal | : tion aforem* ntioned: "Raw cs.tton. cotton linte ,-entielh < entury Problems. waste and cotton yarn. izell. d .. . . . . , , a And we do hereby fu uinment by The Lyric Glee ^ ; ,.iap? ,i,?i - i . i tion shall take effect front III #)ICfr)ICIv. i 'tS ''"b'ication 'n '*c ~ The proclamation was si VOW ONE MEMBER terdav hv King George. OF LYNCHING MOB ? ,, ?~ ? \\ aslmi^ton Will Prof rials Said to Have Identity fine. Washington. Aug. 21. A iovernor Not Told and Says He tnent that cotton had been Has No More Inforiiiation. absolute contraband of war Ltlantn. Co.. Aug. 21. Reports in Britain came as no surprh ial circles tonight were that the ' ials hor"- Secretary Lai .... . infortnalh advised hv tin itity oi a member of the moh *hat embassy some time ago tha chad Let. M. Prank was known lion ha(, heen lipon certain official* and that ?tie in- formal annonncentent was nation probably would !.? laid ot - only pending the arrangentt i Governor Harris next week tails. This included, it is in that seemed likely lo leatl, PrePar*"on* ?> I' "" ' ? 1 irt.m the etlect of the anno iilentitication of anv of lite men . , . .. and also an understanding come to the governor todav. he Great Britain and her alli< lounced. He said early in the 1 iv While officials would nr t he was not making public all ,lie subject tonight, it is ct .s he had taken to investigate the l'n,te(l S,a,os wi" proteHt ai British action, citing the uctiou and lynching, and this ... u , ,, . i consistent policy of Great I se<l some speculation. 1 he stat^ holding cotton free of resti it even was Interpreted by s.niei result, it is expected, will b mean that he knew who some of out a full explanation of th men were, but he later said there behind the British change i no such significance In his words * '?ng course ot diploma Hter a long conference late this changes undoubtedly will i *rnoon Judge Patterson the for" an agreement can he e Ridge circuit, which Includes' ?r ,ho nuestlon possibly sul ib county, he let it be known that arbitration. would prepare a special charge to ' ,1P flrs' direct effect of grand Jury which will meet Sep- ish announcement will he t. >er I. Mr ( lav solicitor .ro. . ?*ie discussion over the o Marietta. assured the governor ho ?own?*?l now in pregrcss. Cot lid do all within his pnwnr to iind huvo ? 1?W perc* and bring to trial inon responsi- Thp lrt,l,! of ornft for the lynching. under the orders, ??ach ras ________ nig much informal dtbttO . Uermanx Taken Oil' Norwegian rangements for payment steamer. IJritain for throe cargo* ie\s York. Aug. 22 Two tier- Kach case, also. hecauie is, a third officer anil a seaman.' tional factor in the fornu he crew of the Norwegian steam- sion hotween the two go\ Ktarkad. which arrived today *United Stales having ti Bordeaux, were taken off Just tui intained that Great Itr side tho harbor by a hoarding violating tile ai copied riiles ty from the British -miser Her-j national law in halting k. i between nentrajs. more ItlSL $1.50 A YEA1*. 1ND AMERICAN CAPITAL ^ ALLIES TO BUILDUP CHINA ued by Campaign Launched for Invest>ign nient in Developing Country's (ireat Resources. AKKET. A MOST INVITINCi FIELD. tin- I'riir Prelimiiuu-j Work the. \liVud? Iteen Started li) Agents of Cniiiiiu'iw Ituicaii. ill on lias Washington. Aug. 21. An aggres>111raban.l ??v ? campaign to secure lor Amoriling to a can business a share in the developforeign ment of China's enormous resources has been planned by the state and that the commerce departments. The plan ate meas- contemplates creation of an Ameri11 which can vested interest In China powerhe cotton ful enough to take rare of itself in intra band 1 the complicated political and commercial situation there, iry at the1 The scheme was developed bj moh gov-1 Paul S. Iteinsch, minister to China; ar notice Julian M. Arnold, commercial attache at Peking, and l#r. B. K. Pratt. Ws: chief of the bureau of foreign and ent have *"?"?? ? commerce, ntraband. ''le ',ur,*au foreign and domesight have1 con,merce already liad begun n earlier work along the lines suggested. Mr. vernnient I Arno,d win return to the United al rondi-' ^la,es ne*1 winter and tour the likely to country to secure capital for investrable for ment '? ("hina -e a year State department officials have Majesty's been anxious over commercial condiinitiation lions in China since the recent granttr as pos- ing of extensive special privileges deon which tuanded by Japan. No political steps market have been taken to secure concessions for Americans, however, for x cotton i the government policy has been m today, steadfastly against commercial polipublished j tics. The plan proposed is expected ndon C.a- to develop enough to meet competition. ereby de- CAPITA!, P1LINC UP. Ivan?? ?( ?? ? > - w., ><i. i lau potmen out today that uri 11 pc the American capital was piling up as a until we result of the Kuropean war, and that s?, the to!-' vast sums are available for invested as ah-| inent. He also made public a sumditlon to mary of the Chinese trade situation, proclama-J which said in part: A well capitalized batik is uecesrs. cotton surv to American trade advance' meat. rther de- China otters splendid inducements proclama-1 to American capital and American the date machinery in connection with the union (la- erection of cotton yarn tnills. China imports annually nearly gned yes s 1 o,ooo,uuo (gold) worth of aniline and synthetic dyes. A high grade American substitute for the Kuroe-t. peart products could prohablv secure announce- great deal of litis trade. wliiclt is declared noxv at ;t standstill owing to the lack by Croat ,,f supplies. te to otli- liecause of tlie war China will he tsing was ,.l>lip;c<l to purchase much of her 2 Mritish railway materials ami machinery, t this tic- , lectricul and industrial front the and that | nitect States, i delayed Work along some of these lines Mit of de- |);ls aiready begun by agents of the iderstood. (ommcrc.e bureau. -Several New e market |.*itgland business men now are in uncement <'liinclosing contracts for installabetween1 , ion of American machinery in eotL'8 :on mills built under Chinese govern>t discuss aient supervision, it is expected the ?rtain tlie of an American bank gainst the in r|,jna wjn p,. the tirst big result previous tlu, ,.ampajRn. hi iinui hi alnt. The l OltKST KIIIKS RA4iK. [ . e to draw e reasons Klome* Destroy Small \ illume in of policy. Washington, tie inter. Itellingliam, Wash.. Auk -1. ollow be i 'ore.st tires whioh have been raging reached, 11 Whateom county today destroyed mitted "> i!ie village of Wahi, near here | There whh no loss ol lite the Hrii The tire approaching Wahl, it wa* > simplify st (mated, advanced a mile every Ave rders in utmites, leveling cron? and destroytton ships ing small timber fmtage of; i ? _ held up'commerce in non-contraban 1 good? ?e involv- It understood the P.ritish plan is over ar- ? steady the cotton market through by Great actual purchases if that becomes es seized, necessary Probably cotton factors an addi-lxv,H be commissioned to keep the il discus- oiuinouily above a lived minimum rernmonts1 "he Crop conditions this year, it : steadily! s hW, will make it easier <o nialnitain was ai,i prices because open markets un i of inter iffected by the allies' action are more commerce ban able to m uro especially duetinn.