University of South Carolina Libraries
^ HUGE CREDIT LOAN HAS BEEN ARRANGED ' ./ V American Rankers to Float the $500,000,000 Hond Issue for France and England. FIVE YEARS AT 5 PER CENT Country Will Ih> Dividnl Into Zones, Snuill Investors (Getting a Chance. New York, Sept. 28.?The AngloFrench financial commissioners announced tonight that the proposed credit loan to Oreat Britain and trance would be 5500,000,000 and would be issued on joint AngloFrench five-year f> per cent bonds, offered to the public at 08 and to the syndicate of underwriters at 00. It also was announced that the bonds would be issued in denominations as low as $100 and that subscribers might pay for them by installments. The bonds, issued at 08, will yield approximately 5 per cent to the investor. Formation of the syndicate has been left to J. P. Morgan & Co , and "a large group of American t backers and financial houses." At ' *v tjhe bonds will be repayable Now lei ,vertibie into 4% pef nlu' !''x" to-French bonds re' '"H.iTble front 10 ?o 20 yeapti there utter by the two governnyehts jointly and severally. Sir Henry Itabington Smith, a member of the commission, made! public the announcement. Sir Henry said that an identical statement would be made public tonight in Chicago by Lord Reading, chairman of the commission, who. with three other members, is conferring with Western bankers there. The statement was issued In the name of Lord Reading. RUSSIA NOT IN IT. It was announced that Russia would not participate in the loan. Henry P. Davidson of the firm of J. I'. Morgan & Co.. issued a statement on behalf of his firm, which said that the commission had made plain that it had determined to recognize investment conditions in America. "It proposes to meet these conditions." said tlie statement, "by issuing an obligation which is without precedent, namely, the joint and several promise to pay of Great Hritaiu and France. To this It has attached; terms which mean a yield to the investor of about per cent and carry with them a conversion privi lege, calculated, upon the return of normal conditions, to prove of distinct value to the holder of those bonds. "The interests of the small investor are also consulted in the decision i to issue the bonds in denominations' as low as $100 and to allow subscribers to make installment payments. "It is proposed by the commission that the proceeds of the loan be handled so as in no way to disturb ur own money markets and to that end the general plan will he to leave the cash realized from the bonds on deposit with banking institutions which become members of the syndicate throughout the United States. This proposed loan may, in fact, be considered as an arrangement made bv American commercial and agricultural interests with their regular customers to accept deferred payments covering commodities purchased " TO MEET EXPENSES. Tin* 2 per cent margin between * lit |ji irt n ai ?iui ii ini* iSMit* will !>; offered to the public and the syndicate will reimburse members of the syndicate, it is contemplated, for their expenses in placing the loan on the market. To bring the offering ?the largest of its kind ever placed in the 1'nited States before investors throughout the entire nation the country will be divided into districts or zones and to each district there will be delegated a subcommittee of the syndi cafe managers, composed of the sub scribing hanks and trust companies within the districts. Thus at flnan -Ak c.ial centers a committee of the bank* In each city or section will have, d rect charge of the work of marketing the securities among investors rosid ing in their district. These subcommittees will worl simultaneously and will report to th? Keuemi ay uun niiiiiafioiii, n iki wii be located in New York. The fiv< year bonds, principal and interest will be payable in New York. It ii possible that the interest will be pay able in other cities; this detail will many others is yet to be decidec upon. In order, however, to comply wit! regulations of the New York ex change, Now York city will be dasig >> - \ nated as the place 01* payment uponj " maturity. PARLIAMENTS TO ACCEPT. Parliamentary ratification of the' L plan is necessary in the case of both! Great Britain and France but mem,-, hers of the commission believe that ^ 'r.d >rsement will bo obtained. Many detrils are yet to be com-j pleted. One step to he taken is the' a formation of the syr.licate by the S , Morgans and other American bank-1 I ; ers and financiers. Mr. Davidson said that a large j number of banks throughout the v i country bad signified their approval 1 of the proposed credit and doubtless * would bo invited to loin the svnrll-i . , cate. He declined to name thc| banks, asserting he would make public the list in its entirety later. How much of the 5 500,000,000 which will be obtained here is to goi for the credit of France and how *i much for the credit of England was v j not divulge '. "When two great nations Join in an undertaking of this sort it is only fair to assume that they cor.ie in on s I equal terms," was tie comment of) one banker familiar with the pro- j[ | cceding. t S( BRONZE TABLET AT 'j I MANASSAS UNVEILED h Assist am Secretary Breckenridge Represented President anil Made M an Addivw). Manassas. Va? Sept. 30.?A jj ! bronze tablet commemorating the i peace jubilee here July 21. 1911, was ci ! unveiled today in the presence of ^ several thousand people. President Wilson was represented by Assistant Secretary of War c Hreckenridge and Governor Stuart! " by Judge J. 3. rr>. Thornton. j, I Colonel Edmund Herkeley, a Con- g j federate veteran, 94 years old, dci livered the invocation. o Thirteen girls, each carrying the ^ ' flag of the state she represented, sym1 bolized the states of the Confederacy| tl ' and 4 8 others represented the re-j ' united states. j ^ There were many Union slldiers v among the Civil War veterans pres-js ent at the unveiling. After the cere-1 monies they visited the battlefieldsi ' where they fought more than 501 v years ago. | i Mr. Hreckenridge, in his address, g said the spirit of self-sacrifice shown by both Union and Confederate soldiers should become an example for American citizens today. "We hear a great deal in these j days," he said, "about what the s government is going to do for the ? A people, and we hear very little of j: what the people are going to do for; t< the government. There is much' p more use of the words 'privilege' and: ^ 'right' than there is use of the word j ^ 'duty.' /Except for a few extremist jv disarmers, the great body of opinion s< in this country wants the country to be safe from a military standpoint; ^ but nevertheless the National Guard' goes begging for recruits." j w The speaker stressed the necessity! h for adequate military preparedness, and declared that none knew better: a than the veterans of the Civil War (l that the blessings of free government ' cannot be maintained except through C, sacrifices. The true soldier, he said, though knowing the horrors of war, j was not "the man who demands peace at an price, that is the peace v that means submission if need be. \ to the mailed list of unrighteousness and despotism." ! j. "He cannot escape the thought,", continued Mr. Breckenridge, "that in! past generations his fathers' spilled their blood that their children might, enjoy the heritage of liberty that now is his, and thus he is impelled to the I resolution that if necessary he in turn will spill his blood that his children and his children's children may have that liberty passed on to them untarnished and intact." I'hirollincnt at ( letnsoii. Clemson College. Sept. 2ft.?Thoj process of assimilating the new cadet ' into the student body has begun at Clemson College and the first year men are beginning to settle into' j tlieir places in the organization. There were 272 new student* to bej ?matriculated this season and these,! - with the 488 old students, give at < total of 700 cadets matriculated to1 i date. : Room is being reserved for the 40 j - to 50 one-year agricultural men who! will arrive October 1, and, with these . and tne additional students tnat will ,; conifi ill iii the next few weeks, the I number on the College rolls will go ,1 to the usual figure of from 815 to ' 8:10. which is the institution's eapaol; Contract for Charlotte's New Postoffice let. I Washington, Sent. 30.?The con-1 tract for the Charlotte, N. C., pose-' ,! office and federal cou.t house was let ' today by the treasury department to O. tT*?v#?fer & c0tt Qf Minora, Ohio, for $193,692. , THE LANCASTER NEWS, COUNTY ! ? * PKKAKANT PLAIN. 1 , Special to The News. Pleasant Plain, Sept. 2 8?The cene of a very pretty wedding was it the home of Kev. P. E. Blackmon. I Sunday morning, at 9 o'clock, the ride being Miss Bessie Estridge of ' '\>rk Hill, and the groom Mr. Tillnan Sims of Pleasant Plain. , The ' ride wore a charming gowfr or vhite voile, \s lile the tiower girls, ' ittle Julia Sims and Maud Black- 1 non, wore dainty white dresses. ! tfter the impressive ceremony, perormed by the ltev. P. E. Black moil. ' he bridal party and a host of young riends went to church and then reurned to the home of the groom's < uother, Mrs. Abbie Simms, where a ountiful dinner was served, which as enjoyed by both young and old. 1 7ho, young couple have the best lishes of a host of friends. . NEW BETH KB. pecial to The News. New Bethel, Sept. :t(>.?As I have I' ot seen any news from this commu- 1 ity in print (or1 a long time. I am 1 Hiding h few dots. Mr. K. N. Carnes's mother. Mrs. "ord of Columbia, has been visiting,] er daughter the past week . Mr. Rone Sapp is remodeling ins ome. Mr. Ronnie Todd went North ' unday. j < Mr. Dewey Funderburk of Taber-. acle visited at the home of Mr.; i torn Sapp Sunday afternoon. , ( Mr. Roy Blackmon was a pleasant aller in the Camp Creek section 1 unday. i Mr. Reu Sapp was a visitor in the | < 'abernaclo section Sunday j 1 Our prayer-meeting at Rethel i , hurch was conducted last Sunday; ight by Mr. Roach Throatt and is; a be conducted next Sunday nighti y Mr. Myrt Baker. It is pro-j I ressing nicely. , Mr. Arthur Blackmon nF t.nnoaa.i er came out Sunday to see Ills moth- | r, Mrs. It. I... L. Blackmon, who has! ' een quite sick for the past week. i Mr. George Glenn is very busy j tiis week making molasses. ' . Mr. J. L. Todd spent Tuesday in j Tonroe on business. Misses Leola and Louise Sappj* isited relatives In the Tabernacle! | ection Sunday. ! t Mrs. T. H. Mark celebrated her! 7th blrtday Wednesday, the 29th. Everybody in this community is,; erv busy gathering their cropa. i "he health of the community is very | ood. If this escapes the waste asket you mav hear from us again. "8ALLIE." I ' M HKATH SPRING. |' pecial to The News. Heath Spring, Sept. HO.?Mr. and ' Irs. Simon Beckham of Pleasant'1 [ill and the Rev. W. W. Boyce, pas- 1 ^r of the A. R. P. church at that lace, were guests of Mrs. K. L. renshaw early in the week. Mr. Wylie Ussery of miners. Barn- ' rell county, has been the guest of Irs. W. D. Ussery and family for everal days past. ( Mrs. M. B. Cauthen and family -] ime down from Lancaster Wednes-ji av to visit the fnrmpr's prnnrt.l I lothcr, Mrs. Caroline Kobertson, ' ho continues quite feeble at her ome near Oakhurst. Mr. Frank Bell, assistant postmas*r, after spending about three reeks among friends in Alabama,] as returned to his post of duty here. Miss Mlnter has gone to Hickory I rove, N. to visit her brother-lnaw, Mr. (Juinn and family. She will lso spend some time with her irother in Chester while on her trip. Mrs. Irby Hinson of Blacksburg is isiting her parents, Mr. and Mrs. I V. J. Vaughn . Miss Florence Peak, of the school] acuity, left Wednesday afternoon j or ner nome 111 tvugeueiu 10 aiienn j he marriage of her sister. Mrs. J. W. Crenshaw of Lancaster [ s with her sister, Mrs. J. T. C'ren-j ihnw. for a few days' visit. Miss Maggie Vaughn lias a post-| ion in the sales department of the! liirselm' store at this p Mr. Robert Therrell of Catawbaj Palls was here for a day or two this j week. Mr. O. ('. Croxton spent Monday itul Tuesday in the capital city. Mr. and Mrs. J. E. Mobley spent Sunday in Kershaw with Mrs. Mobley's father, Mr. Young. Miss Elizabeth Clark left several days ago fr.r Enterprise, where she is engaged in tenching. Mr. Ernest Prwers has a position in the wheelwright and blacksmith shop of Mr. Eraser McMackin. Mrs. G. \j. Mobley lias been quite! sick for several days past. A daughter was born to Mr. and Mrs. W. S Hammond, at Rich Hill, j about two weeks ago NOTES FROM MUX VIIXAtfK. ______ i Mrs. T. (!. Crenshaw and little Nancy Nell are visiting her mother,! Mrs. Williams, at Heath Springs. Mrs. S. R, Roberts visited her \ sister, Mrs. W. K. Roberts, thi9 week. Mr. and Mrs. E. B. Burnett vlfitted the former's father. Mr. G. W. Bur-j nett. in Charlotte thia week. Mrs. Do lav Gregory and little daughter, Mvrtle, visited her slater in Charlotte Monday. Mrs. Nan Harris was a visitor in Charlotte this week. Mr. and Mrs. S. T. Threatt were visitors in Charlotte Monday. Mr. I *?e Mi'ls was a visitor in Columbia Monday. I Mra. Crank Griffin has been very sick the past week. OCTOBER 1,1915. Mrs. Millie Simms is some bev*er]^ low . There were 9 2 present at the night | school Monday night. There are 135 enrolled. Mr. Ernest Swicegood killed a hawk Monday measuring 50 inches rrom tip to tip. Horn to Mr. and Mrs. Jackson Wliittaker, Monday, the 20th, a son. Mr. I. N. Reeves has moved his family to Columbia. Mr. Hen CritHn has been very sick but is some better now. I Rev. and Mrs. C. W. Burgess visit- j ad the County Home Wednesday. A little child of Mr. and Mrs.' Lewis Pate died Friday and inter-1 111 H n * nlnno Qoiur.lao i^uvuiuaj 111 VVC31 ' Side cemetery. Miss Kate Ghent is improving in liealth. IMMCTICAIJ SAFKTY-FIKST. Salisbury Post. Kvcr notice a railroad man approach a grade crossing? Ho looks both ways and does not ttteinpt to cross until he knows there s no train in sight. (tiding in a car with Captain It. H. \very. superintendent of terminals, it Salisbury, we watched the trained ailroad man observing the "safetyirst" rule to the very letter. Why not? Captain Avery knows that a train nis the right of way. He knows hat it is too late to escape after beng hit. He knows the way of a lo omottve engine and he knows . hat its ways are to be respected. The man who knows these tilings s not likely to be hit at the ever langerous grade crossing. The man who gets hit and perhaps, tilled, frequently more than one killid?is the racer who disregarded the >ig letters of warning and drivers vith a wreckless daring that only .00 often leads to the grave. Never in the history of the country uis the grade crossing been so advertised as during the past two months. Yet how many drive with>ut due regard to the danger lurkng there The Southern is drilling this 4 'safety-first" principle in every day. Employes of the road know how earnestly the fight is being made to protect lift and limb, and how carehilly the great machinery of the big tystem is watched day antl night? tnd every observing man knows the result of this is shown in the statls:ics of accidents. Yet people are driving carelessly i?very day. Hundreds are walking Lhe railway tracks day and night Watch a railroad man drive an automobile. Watch him as he approaches a grade crossing and see now much he respects the signs and the warnings and see how carefully ne tries to avoid accident and danger. There is a lesson for all of us. Safety first cannot be too greatly ibserved. Jares ON Sores, Other Retneoies Won't Cot ' ["be wor?( cases. no matter of how Ion* standing ire cured by the wonderful, old reliable Di. Sorter's Antiseptic llenling Oil. It relieve* knit* anrl Hsal it ' h . nntna time C/W* C1 at WHERE S Robinson-Cloud Company "Dress Up" Week. Bennett-Terry Co (Jnuil Times Greeting. J. F. Mackey Co. Toilet Articles. F R RODDY & CO Sixteen Hours a I)av. j BANK OF LANCASTER IBank Your Money. n i i .1 /i Kobuison-Lathan Co. School Supplies. T. M. HUGHES Fine Plantation. HIRSCHS' Small Ad, Big Bargains. ' * V ? r . [ fine" pla | for i i ? 1 am offering for sale man ridiculously low. Probably I & one with another. However, 1 ^ famous Gregory-Stogner lane V* northeast of town, the best 10 caster county. Has good buil especially adapted to alfalfa, j Mr. Stogner has made up hi: ^ man this fall. I would take p i all over it. ^ What is more desirable thi V* "good times" or "hard times & be cheaper than at present. ? higher prices soon. I | T. M. HI i Real Estate Dealer. I* ONLY Small Spa You Know a Lo BIG BAI In Fall And Winter v c flp LOOl PC H1RS Send Your Job W Lancaste HALL WE HIS AD. COST $2.00. HIS SALES WERE MORE THAN $108.00. -o-o-o-o-o On Friday, Sept. 24th, the J. T. Wvlic On. got in a i)ii?* shipment of "Smile" Hats for men. Mr. Wvlic immediately inserted an ad in that day's News and by Saturday night, or about 24 hours after the paper was delivered to the postoffice. this linn had sold more than )? dozen of these popular hats at $15.00 each. TTow does that sound to the man who says that it does not pay to advertise? Advertising is one of the strongest investments that merchants can make. A MoT lie!" Tiling, Mow (iocs the above statement about hats sound to the man who says that people do not read advertisements t They all do it?men, women and eliildren. And they all profit bv their reading, too. READ NEWS ADS. HEED NEWS ADS. SPEND MONEY WITH NEWS ADVERTISERS AND BANK THE SAVING. ?.*?/ ' > ^ A t'w JNTATION ! SALE | \r fciraninrv lon/lo nf j Kiipiiii^ lniiuo at jji iV/Ca "^1^ should not compare values & win say that 1 consider the ^ is, located one-half mile jE 0 acres to be found in Lan- jT Idings, is well watered and V ?rain and cattle raising. <i ! s mind to sell to some lucky ?j ! leasure in showing any one 4 4 4 4 in good land during either ^ I ?" Farm lands will never j Conditions warrant much V ? JGHES 1 Lancaster, S. Cj X . V A^A 4^4 4^A A^A A^A rVVV V V V VVVV V V THIS : ce to Let ? We Have * tof 2 RGAlNSi Wear in Store For % > u : C FOR THE NOTING FINGER { ?^i? ? S' ! Itn : imMSESSSd' rork To The News r, S. C. buy rr? CITY MEAT MARKET Meat Makes Brains. Edwards & Horton Pure Food Stuffs. PEPSI-COLA BOHUNG COMPANY Pepsi-Cola. ^ First National Bank Save a Part. J. T. Wylie Co. Men's Suits?New Line. Gregory-Hood Live Stock Co Harness. Enterprise Mercantile Co. Prosperity Announcement T. M. BELK Laiuln for the Market. ^ i mm.,, i. ..I,,., mm