Historical Newspapers of South Carolina

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CARLISLE ELUCIDATES. " STATEMENT OF HIS POINTS BEFORE; THE HOUSE COMMITTEE. Bxplapatlon of the Loading Feature* of His Plan of Currency Reform?Answers to Qiwitlom From Memberx of the Committee. WASHINGTON. L>ec. iU.?oianumg <IL tko foot of the long table in the ways and means* committee room of the House this morning,Secretary Carlisle explained in detail to the banking and . currency committee the plan recommended by him for the new banking law. All of the seventeen inembess of the committee except four?Black of Illinois, Brosius of Pennsylvania, Haughen of Wisconsin and Elias of Kentucky, were in their seats as early as 10 o'clock, the hour for which the hearing was called. Culberson of Texas,who had been detained at home by reason of illness in his family,hurried to Washington to attend today's meeting. The hearing attracted a large number of representatives in addition to the members of the committee. Among those present were Wilson of West Virginia, Hooker of New York, Snodgrass of Kentuckv.Turner of Georgia, J. K. Cowen of Baltimore, memberelect of the next Congress and Senor Remere, the Mexican minister. When the committee was called to ' ~ ^ 1-M ~ 1 1 order secretary uarnsie was uskcu vy Chairman Springer to explain what would-be the practical workings of his currency plan. In answer, Mr. Carlisle saia that he had come to answer questions of the committee and to make a statement of his plan, but not to indulge in a general argument, as that had been done already iu his annual report. Proceeding to take up his suggestions seriatim, as they appeared in his report, Mr. Carlisle read the first two, as follows: "1. Repeal all laws requiring or authorizing the deposit of United States bonds as security for circulation. u2. Permit national banks to issue notes to an amount not exceeding 75 per cent, of their paid up and unimpaired capital; require each bank before receiving notes to deposit a jruar antee fund consisting of U nitea states legal tender notes, including treasury notes of 1890, to the amount of 30 per ' cent of the circulating notes applied for?this percentage of deposits upon circulating notes outstanding to be i maintained at all times and whenever a bank retires its circulation, in whole : or in part, its guarantee fund to be re- < turned to it in proportion to the amount of notes received." In explanation Mr. Carlisle said it had come to be ganerally believed that i that provision of the law requiring the 1 deposit of United States bonds as security for circulation was a failure. 1 He believed it prevented elasticity of i the currency. ] Passing without further comment to the second suecrestions, Mr. Carlisle < said he believed that this provision was perfectly safe in guaranteeing se- 1 curity to depositors. The treasury re- | serve, he thought, should not exceed 1 more than one-half of the outstanding circulation of national banks. Mr. Springer asked Mr. Carlisle to , explain the difference between his plan for retiring circulation and that J of the Baltimore bankers; and the , Secretary gave a brief sketch of each, j The Baltimore plan provided for cir- ( culation up to 50 per cent, of the capi- , tal stock of banks without any deposit whatever, but subject to a tax fund raised? from which was to be used in , relieving funds of failed national , banks. If this does not become large : enough, the government is to relieve the fund, looking to the banks for re- i payment. The government plan was that a separate fund of 30 per cent, of , the circulation should be held for each | bank, and in addition there "should be a safety fund, raised like that of the Baltimore plan ;but if this fund should not prove large enough, the Treasury , Department might assess national banks pro rata on their circulation. The government, through this means, eoula lose nothing. In further explanation Mr. Carlisle said that the banks by his plan are called upon to keep the safety fund intact; in the Baltimore plan the government was required to do this. "My ( , [plan, said the Secretary, "requires the national banking system to support itself entirely, ana relieves the government of all connection with the sys- j tem, except to furnish notes and hold the safety fund. \ Mr. Carlisle said his plan did away with the present system of redemption j of national bank notes. At present national banks could send their mutilated notes to the treasury and receive 1 in turn new notes. By the new plan the government was divorced entirely ' from the redemption of these national bank notes. The government was relieved of all responsibility in the mat- , ter. In answer to Mr. Johnson of Indiana, Mr. Carlisle said that the idea of the plan was that the strongest banks should carry the weaker. If a bank failed so badly that it could not pay * its notes, the ultimate liability was placed, by the Baltimore plan, on the government. By plan proposed by himself the ultimate liability was placed on the banks. Mr. Johnson wanted to know if Mr. ' Carlisle throught the banks would agree to this. The secretary answered that the banks must speak for themselves : he was looking out for the interests of the government. To Mr. Johnson (Dem., Ohio,) Mr. Uariisle said mat one great advantage of his plan was that it would furnish elastic currency. The entire national bank deposit would not bo filled up to the limit of the plan unless the business of the country required it. Under the present system, if a national bank desire to retire its circulation it must send to the treasury lawful money of the United States, or the requisite amount, but it was not allowed to withdraw this amount for circulation under six months. Under the new plan a bank might retire its circulation today and-increase it tomorrow. Mr. Walker (Rep.) of Massachusetts wanted to know wnether Mr. Carlisle had drawn a bill embodying his views. Mr. Carlisle had a sketch of such a measure and he promised to furnish the committee witn a complete bill as soon as he had perfected the draft he had dictated. Mr. Carlisle took up his suggestion that "no national bank note to be of less denomination that ten dollars, and all notes of the same denomination to be uniform in design; but banks desiring to redeem thoir notes in gold may Lave (lietn made payable in that coin, the Secretary of the Treasury to have authority to keep on hand, ready for issue upon application, a reserve of bank national bank notes for each banking association having circulation." This suggestion, he said, would have the efFect of placeing silver certificates of small denominations in circulation. The idea was not to issue national bank notes of less denominations than $10. This would force the people to call for the silver certificates which were now piled up in the Treasury. The silver certificates were, of course, redeemable in silver dollars. He believed that the due notes issued under the new system would be kept on a parity with gold. To Mr. Sperry (Dem.) of Connecticut Mr. Carlisle said his plan contemplated the ultimate retirement of greenbacks and notes issued under the Sherman law, and there would then be no other paper of the government redeemable in gold. "We should then be on asilver basis,'' said Mr. Sperry. "No," said Mr. Carlisle, "on a gold basis." Mr. Sperry wanted to know if should the time ever come when there was no paper of the government redeemable in gold, the debts of the government would not be paid in silver. To this Mr. Carlisle said that there 1 j ?11 u WOU1U IlUl UU ULLUUgii viv/ lino. | Furthermore, the debts of the government were paid in large bills. The silver was needed for small coin. Subsidiary coin was piled up in the banks by tradesmen, banks could not pay it, out, and therefore it was sent to Washington for redemption in large deniption in large denominations. The Treasury Department found it would be difficult in getting this money into circulation again and the Secretary thought there would therefore be no great demand for silver in payment on government debts. Taking up his suggestion, that the circulation of State Danks be exempt from federal taxation, under certain conditions, Mr. Carlisle said that theoretically he believed that the government had no right to tax State banks, nlfVirmch thfi Sunreme Oourt had held that it was perfectly legal. He thought that it might be a good thing, however, to retain tne tax, but it was the inten- : tion of the plan suggested by him to lesson government interference with these banks as far as possible. It was ! contended by Mr. Carlisle in answer to several questions that it was necessary to give tne government authority < as was contemplated in his plan to irn- i pose a tax on circulation of State banks ' if they did not comply with the conditions imposed by federal law. This : was the only way the Treasury De- < partment had of controlling national banks which refused to comply with the provisons of law applicable to them. t ; Mr. Carlisle said that ho believed ! that the State banks were necessary : ! '1 -"1 - 1 - ? ror me neeas 01 me peujjie iur wwi purposes. He believed that the plan would give a needed elasticity to the jirculation in the rural districts. Secretary Carlisle said he would re- ( turn tomorrow morning and read to j the committee a complete draft of his bill, embodying his currency plan. carlisle's currency plan. Washington, Dec. 11.?Interest in the second day's appearance of Secretary Carlisle before the banking and | currency committee of the House was shown bv the promptness with which the members of that committee gather- 1 2d this morning. With few exceptions ( all were in their seats at a quarter-past 10 o'clock. Pending the arrival of Secretary Carlisle Horace White, of New York addressed the committee. He said he had drawn a bill which embodies his idea of the Baltimore plan but which had not been adopted by the Baltimore committee. He proceeded to read at some length a carefully prepared paper covering the general subject of banking. When White had concluded Secretary Carlisle, who had appeared some time previously, addressed the committee, and read the bill he had prepared to carry out his financial views. When he had finished reading his bill Mr. Carlisle explained that Section 8 repealed Sections 9 and 12 of Act of Julv 22, 1882 Section 9 of that Act authorized deposits of lawful money by national banks to withdraw their deposits of circulating notes. It might not be absolutely necessary he said, to repeal that section if the proposed plan adopted, but still the spirit of the section was that no national bank shall retire in the aggregate more than $3,000,000 per month, and, having done so, shall not be allowed to increase its circulation within six months. Section 12 of the Act of 1882 referred to gold certificates and their suspension when the gld reserve fell below a hundred million dollars, and concerning this prevision Mr. Carlisle said it was not good policy for the Government to establish a ware house for the deposit of gold, and to issue certificates against it, for the reason that this gold, or a large part of it, would come into the treasury and stay there if these certificates were not issued against it. But still the repeal of this section was not an essential part of his scheme. Ilis own view was that it would be beneficial to the Government not to issue these certificates, but to have the treasury hold gold and pay it out so as to get it into ciculation. To Mr. Brosius, of Pennsylvania, Mr. Carlisle said that his theory concerning national banks was tliat the Government should be wholly divorced from relations with them, except in so far as it was necessary to throw safeguards about them in order to insure their stability and reliability. His belief in this connection was based on bom constitutional ana practical grounds. the bill introduced in the house. Washington, D. C., Dec. 11.?Mr. Springer, of Illinois, today introduced in the House the iinancial bill which Secretary Carlisle read to the committee on banking and currency. The bill repeals all Acts and parts of Acts which require or authorize the deposit of United. States bonds to secure circulating notes issued by national banking associations and such notes hereafter prepared shall not contain the statement that they are so secured. National banks are permitted to take out circulation to the extent of 75 per cent of paid up capital. Circulation to be a lirst lien upon assets. A tax of | of 1 per cent per annum on circulation is provided. A satisfactory safety fund for the redemption of notes of failed banks is provided by a tax of i per cent per annum until the amount reaches 5 per cent of the total circulation. Sections 9 and 10 of the Act of 1882, relating to, the corporate extensions, ami Section 31 of the Act of 18(54, providing for a national bank currency, are repealed. Section 9' of the bill is as follows: That the Secretary of the Treasury in his discretion may use from time to time any surplus revenue of the United States in the redemption and retirement of United States legal tender notes, but the amount of such notes retired shall not in the aggregate exceed an amount equal to 70 per cent. of the additional circulation taken out by national banks under the provisions of the Act, and hereafter no United States notes or treasury notes authorized by the Act of July 14, 1890, entitled "An Act directing the purchase of silver bullion ana the issue of treasury notes thereon and for other purposes," for a less denomination than $10 shall be issued, and as rapidly as such notes of denominations less than $10 shall be received into the treasury they shall be cancelled and an equal amount of notes of like character, but in denominations of $10 or multiples thereof shall be issued in their place, but nothing in this Act shall be so construed as to repeal, or in any manner all'ect, the second section of said Act of July 14, 1890. Section 10. That the use of circulating notes issued by a banking corporation, duly organized under the laws of any State, and which transacts not other than a banking business, shall be exempt from taxation under the laws of the United States, when it is shown to the satisfaction of the Secretary of the Treasury and the comptroller of the currency; 1. That such bank has at no time had outstanding its circulating notes in excess of 75 per cent of its paid up and unimpaired capital. 2. That its stockholders are individually liable for the redemption of its circulating notes to the full extent of their ownership of stock, but this shall not be requirea in the case of persons holding stock as executors, administrators, guardians or trustees, if the assetts and funds in their hands are liablo in like manner and to the same extent as the testator, intestate, ward or person interested in such funds would be if living and competent to act and hold the stock in nis own name. 3. That the circulation notes constitute by law a first lien upon all the as?x ? it, _ 1 1. bCUS UI LI1C Uctucw.. 4. That the bank has at all times kept on deposit -with an official of the State authorized by law to receive and | hold the same a guarantee fund ini [Jnited States legal tender in notes, including treasury notes of 1890, equal to 30 per cent of its outstanding circulating notes. 5. That it has promptly redeemed its notes at par on demand at its principal office, or at one or more of its branch offices, if it has branches. Section 11 permits State banks to use the distinctive paper used in printing United States securities, but no State bank shall print or engrave its notes in similitude of United States notes or certificates or national bank notes. Caged in Colnmbus. Columbia, S. C., Dec. 12.?Tester day was doomsday in the United States Court and the Barrett conspirators got their sentences. When court met yesterday morning with Judge Brawley on the bench, Attorney Blythe for C. P. Barrett arose to make a motion for a new trial. Before he proceeded to argue the motion District Attorney Murphy made the point that Attorney Blythe had not complied with rule 35 of the district court, applying to motions for new trial and that therefore no motion could be entertained. Judge Brawley said that under a strict construction of the rule he would have to dismiss the motion, but taking all things into consideration he would hear the motion. The hearing was fixed for some later day and will be heard in Charleston. In the case against Jackson Counts, ex-postmaster, Judge Brawley dismissed the motion of Messrs. Alston & Patton in arrest of judgment on the ground of improper drawing of the jury. Judge Brawley held that the ju-rttaw\ nurtrviYil w rl rown Mr Alcfnn ll^O >T V/I Ks |74V|/VI* 7 U1WIIU. MX. AAAWWVM gave notice of filing an exception to the ruling of Judge Brawley and the case will go up. Judge Brawley then called on Jackson Counts "to stand up," and asking him how long he had been in jail, ana Counts replying nearly seven weeks, Judge Brawley sentenced him to two months imprisonment in Richland county jail and the payment of a fine of J;100, for illegally disposing of stamps. Judge Brawloy then called upon Chas. P. Barrett, J. Wesley Owens, John T. Tillman, Robt. J. McElwraith, Thomas J. Hanon and Clarence Lee to stand up. Owens was at home sick in bed. Tillman is a fugitive, somewhore in Texas. All but Tillman and Barrett and two others, who are still fugitives, Thompson and Hatcher, will likely;be pardoned by the President, having turned State's evidence. Judge Brawley sentenced the men, who were tried and convicted as follows : Barrett, 18 months imprisonment in Columbus. O., penitentiary and a fine of $3,500;Hanon, (!months, and afine of $1,000; McElratli, same; Lee, 3 months and a fine of $1,000. A Ilrutlull Act. Guthrie, 0. T., Dec. 12.? Race troubles have broken out in the Oakgrove school district. As the children were returning from school, yesterday, some youngsters made odious remarks about a colored girl in their company. The girl attacked the twelve-year-old son of G. W. Greatlihouse, tearing out his eyes and biting off one ear. She then crushed the boy's skull with a rock, producing death. The girl escaped. The negroes trke tlie girl s part, and this may lead to more trouble. A Desperate Negro Jailed. Aiken, S. C., Dec. 11.?Jesse Jade, the notorious negro desperado and leader of the Rouse Bridge rioters, is safe behind the bars in the Aiken jail, lie was captured in Jacksonvillee, Fla, and brought back by Sheriff Alderman. who arrived with his prisoner last night. Jade and liis companions ambushed a posse of white men who went to serve a warrant on him for some petty offense. One of the posse was killed and others were wounded. Killed "Without Provocation. Charleston, S. C., Dec. 13.?W. M. Norton, a white man and ex-policeman, today shot and killed James Middleton without apparent provocation. It is believed that the cause of the shooting1 was that Middleton has reported that Norton was dealing in contraband whiskey, in violation of the Dispensary law. Norton refusos to make any statement. ( TILLMAN ELECTED SENATOR Over II:itier by ? Very Lur^c Marjorlty In Doth Houses. Columbia, S. C., Dec. 12.?Tlie election for United States Senator took place in each liouso at exactly 12 o'clock. There was no joint session and each body voted on its own hook. There will be a joint session of the two bodies today at noon to tabulate the vote and declare the result. Ex-Governor B. R. Tillman was elected United States Senator over M. C. Butler by a vote of 131 to 21. George W. Murray, colored, received two votes and W. D. Crum, colored, one vote. TVio TTrmeo oast 105? vntfts fnr Till man, 15 for Butler, 4 for Murray and 1 for Crum. The Senate cast 29 for Tillman and six for Butler. Senator Turner was absent and did not vote. The absentees in the House were Messrs. Barkley, Shuman and Williamson. Two of them would have voted for Butler and one, Mr. Shuman, for Tillman. The Charleston members did not appear to be dead stuck on voting for Butler, as all of them were absent when the doors were closed to take the vote. They appeared at the door as the voting commenced. The Speaker ordered the doors opened for their admission. In the Senate Butler did not get the full Conservative vote. Walker of Georgetown voted for Tillman and Turner of Chesterfield managed to avoid voting. The House vote was a strictly factional one. A rousing cheer was given in the House gallery when the vote was announced. The House agreed, on motion of Mr. Cooper, that if should make nominations without speeches. In that body Mr. Thurmoud of Edgefield nominated B. R. Tillman of Edgefield. The nomination was seconded by every Reform county in the State. Mr. Patton of Richland nominated "Gen. M. C. Butler of South Carolina^'dwelling on the "South Carolina ' in contradistinction to Mr. Thurmond's ' 'Edgefield." The Sumter delegation seconded General Butler's nomination. The vote in the House was as follows : Tillman?Ashley, Barry, Blackwell, Bowman, Breazale, Breeland, Bramlett, Brown, Bunch, Burns, Carroll, Carrothers, Caughman, Conner, L. S., Conner, J. B., Cooper, Crum, Davis, C. M., Davis, W. C., Duncan, Eadens, Earle, Edwards, Elder, Ellerbe, iilstridge, Finkley, Floyd, Fowler, Garris, Gary, Gaston, Goodwin, Hammett, Hardy .Haprer, Harvey: Haselden, Hiott, Holis, Holloway, Hough. Hunter, Humphreys, Ilderton, Johnson. B. J., Johnson W. J., Jones, Kennedy, Kinard, Kirk, Lancaster, Lemmon, Lesesne, Leverett, Love, Magill, Mellard, Miles, Mishoe, Mitchell, T. P, Mitchell, J. W., Moore, Murray, Mcintosh, McKeown, McLaurin, D. W., McLaurin, J. F., McSweeney, Nunnery, Otts, Phillips, Pickens, Pollock, Price, Prince, Rainsford, Rast, Robertson, Rowland, Sanders, John G., Singletary, Skinner, Sturkie, Tatum, Thompson. Todd, Townsend, Thurmond, Tyler, Wallace, Warr, Watson, Welsh, Whitmire, Williams, T. S., Williams, L. J., Williams J. G., Williams, Fred, "Winkler, Wolff, Wyche, Wymann?102. Butler?Adams, Bacot, Devereaux, Dothage, Gadsden, Lofton, Manning, Mehrtens, Mellett, Patton, Pyatt, Sanders, A. K., Thomas, Weston, Wilson -15. Anderson and Gregory, two of the colored members, votea for George W. Murray, making two votes for that renowned black statesman, Miller, the other colored member, voted for W. D. Crum, another colored statesman. The Senate permitted brief speeches. Senator Watson of Edgefield nominated Captain Tillman, saying that his name is a household word. He reviewed the history of this great political leader. Senator Norris and others seconded the nomination. Senator Norris made a capital speech. Senator Barnwell placed the name of General Butler in nomination. He said that no politics animated him in his support and nomination of Butler. It was a debt of gratitude he owed that' 'errand soldier." Senator Mower seconded the nomination. The vote in the Senate resulted: Tillman?Barton, Brice, Brown, Byrd, Dennis, Derham, Douglass, Dubose, Efird, Finley, Fuller, Harrison, Jordan, Kirkland, Mauldin, Mavfield, Miller, McCalla, McDaniel, Norris, O'Dell, Rag in, Sanders, Stackhouse, Stribbling, Williams, Walker, Watson, Wilson?29. Butler?Barnwell, Buist, Moses, Mower, Sloan, Verdier?6. Neither Butler nor Tillman was present when the vote was being taken.?Register. Sensation in Store. Omaha. Neb.. Dec. 13.?The trunk of President Whipple of the broken Crawford Banking Company, of Crawford has been found at Cheyenne, Wyo. It is thought to contain $1,200 worth of jewelry, bought just before he absconded. It seems certain that Whipple intended escaping to Cheyenne, where he has a wealthy uncle, but the officers were watching Cheyenne too closely. The trunk will be brought back to Crawford. Those who have investigated ' the affairs of the bank say that there is a sensation in store which will expose many prominent people in Dawes county as aiding Whipple to escape. A Startling Statement. Augusta, Ga., Dec. 12.?A special to the Chronicle from Millen, Ga., says a sensation was created in Syl vania, Screven county today by the confession of seven negroes charged with incendiarism. They charge that F. M. ^uford, the populist candidate for sheriff, advised them to organize a band of burners and burn out all prominent Democrats. They were x 1 iii.A scniuncuu lu uurby yuars m mu pciiitentiary. Killed by a Lion. London. Dec. 11.?Advices received, from Soutn Africa announce that Ellrington S. Mackey, a surgeon attached to H. M. S. Teoner, on Lake Nyass, was killed recently by a lion while out shooting1. A few years ago Surgeon Mackey was the champion 50mile bicycle rider of Ireland. Blown to Plecex. Norfolk, Va., Dec. 10.?Information has just reached the Public Ledger that the boiler of E. M. Short's saw mill at Washington, N. C., exploded at 7 o'clock this morning. The killed are Mr. Short, owner, and four negroe. Several others were injured. i PERRY'S YARNS REFUTED, WHERE GOV. TILLMAN GOT THE MONEY TO BUY HIS FARM. The Alleged Liquor and Freight Kohates Shown to be Entirely Without Foundation?At Leaat this Is tha Showing Gov. Tillman')* Irrlemls Make for Hlui. Columbia, S. C., Dec. 10.?Y'ister day Gov. Tillman's friends imblished the document below, which refutes the charges made by B. F. Perry. To begin with is the charge that Gov. Tillman paid cash for the Jones Slantation and liquidated other inebtedness and that he did not get the money honestly. First came tne affidavit from Clerk of Court Hill of Edgefield, who savs: South Carolina, Edgefield County. 1. I, John B. Hill, clerk of the Court of Common Pleas and R. M. C. for Edgefield county, do hereby certify unto whom it may concern, that I have carefully examined the records of my office and find upon record in book 23, page 357, mortgage given by B. R. Tillman to S. S. Tompkins, master, for $900 on 245 J acres. 2. Mortgage given by B. R. Tillman to Wilie Jones and W. A. {Clark for $2,000 on 245? acres, recorded in book 50, page 156. 3. Mortgage given by B. R. Tillman to Carolina National Bank of Columfi PI for 1(15 fif) on 911 n/>rPB known as the "Jones tract," also 311 acres, also 330 acres, also 212 acres, part of the R. G. M. Dunovant lands, recorded in book 53, page 116. None of the above mortgages are satisfied. These are all the mortgages ever executed by B. R. Tillman and recorded in this office. John B. Hill, C. C. C. P. and R. M. C. Yesterday afternoon, President Clark of the Carolina National Bank, was seen, at the suggestion of Governor Tillman, and made the following statement regarding Governor Tillman's loans through that bank: "All transactions between a bank and its customers are private and confidential and never made public except with the consent of the latter. This information is therefore only given with the' consent of Governor Tillman. "Governor Tillman has been a borrower of money from the Carolina National Bank ever since the eralv months of the year 1891. He owes the Carolina National Bank now about $8,000 in the form of two notes; one for the sum of $2,000, which has been running for some time and which will mature at an early day. This note is made by Governor Tillman and endorsed by two endorsers, who are secured'by a mortgage on one of his plantations in Edgefield county; the other is for the sum of $6,100, which was dated on the 26th of November, 1894, and is endorsed by three endorsers, who are also secured by a mortgage of what is known as the Abraham Jones plantation, near Trenton, and two other f>lantations in Edgefiled county. This atter sum of money was borrowed by Governor Tillman for the purpose of paying for the plantation near Trenton bought by him from the executors of Abraham Jones. The money was paid to the executors by checks upon tne Carolina National Bank and oy them distributed to those interested in the estate. "All of these transactions were had through the bank. The plantation purchased was included in the mortgage [ given to secure the endorsers. All of these mortgages have been matters of record at Edgefield court house." President Childs of the Columbia, Newberry and Laurens road, has come to the front with reference to the charge that the road that hauled most of the liquor allowed a rebate on the freight rate. Mr. Childs sent Governor Tillman this statement: "Hon. B. R Tillman, Columbia, S. C.: "Dear Sir: In his letter to Mr. Josh Ashley, published in today's State, Mr. Ben Perry makes the statement that he has information that you have been allowed a rebate of freight on liquors purchased by you for the dispensary. "Those liquors have been shipped to Columbia mainly over two lines?the Seaboard Air Line via the Columbia, Newberry and Laurens Railroad and the Atlantic Coast Line. As president of the_Columbia, Newberry and Lau rens liaiiroad ana representative at Columbia of the Seaboard Air Line, I am in a position to know whether any rebate has been allowed on shipments to the dispensary over these roads, and in the intererst of justice and fair play I desire to state that no rebate of freight on these shipments has been allowed by these roads to you or to any one else. "As to the Atlantic Coast Line, I have just received a telegram from Mr. T. AI. Emerson, trafiic manger of that line, emphatically denying that any rebate has been allowed on such shipments over his road. I may add that I was pressent at the interviews between the trailTic managers of those two lines and yourself, at which the freight rates on dispensary shipments were discussed and fixed and that at these interviews, while youendavored to secure as favorable rates to the State as possible, rebates were neither asked nor offered. "Very respectfully, "W. G. Childs, President." As to the allegation that Governor Tillman has invested in stocks he authorizes the statement that his entire stock holdings are two shares in an Edgefield bank and one share in the Alliance store here, altogliter $225. There has perhaps been more said about the rebate matter than anything else. Yesterday Mr. Hubbell, who is here looking after the interests of the Mill Creek Distilling Company made a statement which is given and in which he insists that no rebates were ever allowed or paid any one for the dispensary purchases. When asked what he knew about the rebate matter, he said: "If the Mill Creek Distilling Company had issued rebate vouchers to D. H. Taxler, commissioner, they would have charged 7 cents a proof gallon more for tiie ffoods they sold him that were produce by the Distilling and Cattle Feeding Company. It was certainly more to the advantage of the State to buy goods without the seven cents voucher than to pay seven cents additional for the whiskey and take a voucher for it payable six months from date. For that reason we never issued a voucher to Mr. Traxler, com? *?4l^/\ n P Qnnfli Pnrn. IIlISSlULLUr, 1UI Lilt: uuivu wi ka/wh* v?*v lina." "Mr. Hubbell, this is very well, as far as it goes, but the people of South Carolina do not know very much about the rebate matter and the details [Of the whiskey business, and I would, bo very glad if you would give uie some general ideas as to the manner of ope rati lis: this rebate business." "Well, the rebate system was put in force in the summer of 1888 for the purpose of retaining business and iillowmg the wholesale merchant a greater margin of profit on their business than they would otherwise have had." "How could the distilling company afford to pay this rebate voucher?" "The company having control of the production of spirits and spirit goods could make the market, temporarily, what they saw fit. The day the vouchers took effect the market was, by agreement, put up seven cents and the purchaser paia the seven cents aavance at ine time or securing the goods, and received a voucher payable in six months subject to a condition printed on the voucher for the seven cents per proof gallon from the Distilling and Cattle Feeding Company of Peoria. "This rebate system was discarded on the 8th of August last. . During the time that the rebate system was in operation there were a great many wholesale merchants who preferred to do their business upon a jcash basis, and if they so desire could secure their liquors from dealers who were not members of the association. "From time to time wholesale dealers, and I might note some in this State, asked for the privilege of buying liquor upon a cash basis without the rebate voucher, and in some instances it had to be done to retain trade. When Governor Tillman saw us with reference to our selling the State, and appreciating that there would be a very neavy business done, we were; 'of course, anxious to sell him for the State, u-overnor iiiiman msisica that the State did not want any rebate vouchers, as it prefered to do its busi- j ness upon as nearly a cash basis as possible. "We did not care to pay for liquors sixty days after their purchase and hold rebate vouchers that were not due until six months after the purchase of the goods. Moreover he insisted that there was no reson why the State with its heavy business should be tied down to doing its business with any particular firm. We knew that there were others who could supply the South Carolino trade who were not members of the association, and were making the same class of goods. With this view, the entire case was presented to the association with the request that the Mill Creek Company be allowed to sell the State of South Carolina without the rebate vouchers, and the concession was granted, and I can positively state tnat Governor Tillman, Mr. Traxler, nor any one else, in any way, has ever been entitled to or has ever received a rebate voucher or the equivalent to it from or through the Mill Creek Distilling Company." Shot by His Sweetheart's Side. Henderson, Ky., Dec. 11.?Farmer Clayton shot Thomas Driver, dead in the road near his house, two miles from Dixon, Webster county. Clayton had forbidden young Driver from paying attenions to his daughter, and ascertaining that the lovers were together the old man seized his rifle, sought out Driver and shot him dead by the side of his daughter. Clayton surrendered immediately. Cooked tp Death. New Orleans, Dec. 10.?Jos.- F. Jaworek was cooked to death in Canal street last night in the presence of a large crowd. A broken electric light wire fell on him. Jaworek was a large furniture dealer, and was a prominent witness in tne Fitzpatric case. He lived in New Orleans five years and it is thought he came from St. Louis. He was Austrian. NEYER = ta i A Tmn lAtfiLA IJMJ A P^ YMRNT. NEVER COMPROMISED A CLAIM. NEVER HAD A LAWSUIT. Such Is the record of (he STAUNTON LIFE INSURANCE COMPANY, Numbers of Beneficiaries Testify to Its Promptuess and Soundness. Natural Premium Insurance on the most Approved Plane. The new "Oonpon Po;lcy" of the S'-aun* ton Life Is a model of simplicity. In addition to all the best features of modern life insurance it provides for the payment of the "coupon" IMMEDIATELY after death, without notice or the formality of proofs. The "coupon" covers 10 per cent, of the face of the policy, and is iu addition thereto. Agents wanted. Liberal Commission. Live men can make big money. Address Jno. S. Reynolds, Geneval Agent, tOLl.UlUi, S. C, ?ii? C itifica e is Geoit FOR 11.00 IF PIMI'ERLY si ;NKl). Onr Proposition. Got this CertifMca'e out and enfilone it with 25 e*nt< lo an ^vMope v Ith your tiame and ?dd'*??s plainly written. We will send ?<m one set of our 91 00 O^nulne Hlver Plat?-?1 Tea Spoims KKKK bj* mail together with cur lar.:ft H'ustratnd c,ata loLue f?f Furniture, Cooking Stove#, Crock pry. Baby Canutes, svitue Machines, Busies. etc , and will elsii this certificate ah i return t. yon with ca'al >jiue,. and we herewith Kjireetn receive tiiis certificate as rne dollar ciV'i on any rnrchftiw made wUh'n 1J d^j* from the d*te of endorsement <>f this <v tificate, p ovided that t'-e amount of purchase sha'l not t>e f??r 1*#? tliau |15 00, and must positively reach us inside of 15 devs from date writteu or stamped on cettificat* returned to yo't. Fill out the following blank with pencil, [ink will blur.] L. F. PADGETT, 846 Broad Street, Augusta, 6a. Enclosed find 23 cents htamps or silver ? for which you will piea?e ?:ud to my ad? dress one set of your fi.00 Genuine Silver Plated Tea Spoons and your ii'ustrated Caf Inline. f-ee by mailj also p'ease en noise tms cei uncate ad<i ante it the date that you mail spoons aud catalogue, so that 1 may. If 1 so deMie. use this certificate at your ?t re for onh dollarcftsh In a purchase of not less than |15 00, which is to be made insldu of 13 days f om date stamped or written on certificate returned to me. I fully understand that this certificate te of no value unless above conditions are fully complied with, My name id P.O.N St; te Received at A ugusta Georgia, and goods mailed L. F. EAUQE IT, 846 Broad Street, Augusta, Ga. By PADGETT PAYS HI FR1H91 Whf Tq Extol Mm tar timh I SMI to Cstotofw of Sm WW Tii QD Ssl; $ 1 S^fcLJOACT* Pll BuiU, all pries*. f$69~*~?$37' Jot V? ltitroano# them. Ro freirtt jnJ4 on thti0*- C*?. OoanntMtf to b? fc j^mC^ockmi or ??>y i?> fowl Slwaat Rtuh PABliOB BUITB, poaal^ftq-; b; Sot*, Ana Chair, CtaOr. PEg*, ina 2 wTC &ms?w* ,to^P *5S&r^?Sr if MTh? nrtilar prlM of tkM HtTOOY ft ?to 75 dollar*. H TH At inanafaoturer pay* AO WVJW WIHJSI tT^?W? m MmUi A $?? IULK Ml . >7*7" 3k : igS^SNSS L. F.PADQKTT "lStST | fpTaNos. | ORGANS. |ji MID-SUMMER BARGAINS. ; ' J Sped*) falo toouner UW. A* ! ' time to bay ObM* knd ltif. nt \ t Special Sianaer Offers that kwrf the '< record. ( [ i $50 laved every Pltno pordum. 1 1' $10 to $30 on every Organ. ' 11 X Six Special Offers en ear Pepniar MM* 11 111?;(miner PUa. Bay t? Aofoit, ieptMtUr 11 11 md Odtotm, u4 m Wbaa (Mm mmm j } Spot Cuh PrtoH. Re lateral, 0*ly a I Q taall Cuh Pajnwat req aired, Pf m ? { y nano, jiv on hp*9 ww? w 0 btr 15th. LoD(?r ttu tf wuw. W P*TTMnts lo suit all. Ptaoaa |lk |2i |' V monthly. Orgua $S to $6. , A Oar Mld-Saonwr Otvra m ft* W i 1 J on tU pl&u of payi&wL i O Hew V?U L?ad?rs mto <5 falftnd Cheap. tanraMaseergeW.11 0 Writa at anoa for Wd-lUwial ##? < ij fort, G??d aaly wmtU lanMMl L 1 0 Doa't wait. 1 1 8 UDDEN ft BATES 3 SOUTHERN MUSIC H0U8E, a savannah, aa. RICE MILLb. We cff-r n complete Rice Mill In odk mac-bine. Th? rou^h rice in ~1* " ^ ^ ??nH rmnr.Au nilf. pjbrn: i u / U[;poi auu w~uvo vm ? ned auri polished ready for ??- J b'e u6e. MachiGscan be operated with f-orse po*er nnd M!l clean 100 bushels ot rough rice per day. CORN MILLS Of the latent d? si?n?, vertical and horizontal, double and einglo Rear. oiler Mills, Saw Mills, Engine?, Gins and Presses,] "Wood working machinery, V. ' BABFIAflfi T-,*#r*r a CI n , _