The Abbeville press and banner. (Abbeville, S.C.) 1869-1924, July 08, 1903, Image 1
' The ibbev ille Pressand Banrigi^
BY HUGH WILSON. | ABBEVILLE, 8. C., WEDNESDAY, JULY 8, 1903. ESTABLISHED 18M ||
AGAINST STOCKHOLDERS. ;
p DECISION IX THE CHROXICLE
CASE.
Preferred stockholder* Are Xot Corlinrs&t
A*rr Ail I Kirn. 4
Augusta Herald.
The question of whether the preferred
stockholders of the Augusta Chroulole com- 0
pany are to be damned an creditors of the cor- j
poratlon or are merely stockholders of the
corporatiou, a legal question which has beeD 8
before Judge Gary sloce i"ast Friday, was do- ^
cided today, a
The preferred stockholders contended that
according to the scripts they held they were ^
i creditors and the preferred stock took the
same stand as a note. Judge Gary decided ,
that they are not creditors, but that they (|
have 6oine preference over common stock K(
bolders. The decision In full Is as follows.
Landon A. Thomas vs. Augusta Chronicle b
? Co.
Bowdren Phlnlzy vs. Augusta Chronicle v
' Co.
Consolidated Causes In Equity, Richmond
superior court. j{
The above stated consolidated causes carae ,j
to be beard ou the original petitions. De- H
murrer and answer of uefeudaut corapauy,
the Intervening petition of John W. Dickey,
el at, and other intervening petitions of pre
ferred stockholders and of creditors, and up- Vl
on the agreed stateiueut of facts. IC
Said ci?uses, by a consent order, were referred
to the court to pass upon, and determine
sll questions of law and fact without the In M
tei ventlon of a Jury.
From an examination of the pleadiugs aud H
the agreed statement of facts and from argument
of couusel, In said causes it appears that
there are only two questions or matters oi y
v contention to be passed upon by the court, to
wit: w)
Whether the Intervening holders of prafer- ..
red stocK certificates are creditors of the insolvent
defendant corporation, or whether ?>
they are only preierred stockholders
Whether the money advanced by Mr. John s
M. Dickey, el al, to the Augusta Chronicle
company to pay its Indebtedness and operatlog
expenses Is an indebtedness of the de /.i
fendant oompany and entitled to share with
the other creditors In the fund in court.
These t wo propositions will be discussed lu
IUB oruur uuiueu Huuve.
The relatlou between the holders of tb? ,
oertlflciites and the corporation are not, on
. the lace of the contract, those of creditor and _
debtor. 7
There Is no special form lor preferred stock,
and no particular words which give to it iucharacter.
"
^ Preferred stockholders are entitled to some
advantages or priority, over common stock
holders, usually to receive dividends from
the earnings of the company, before the com
mon stock can receive a dividend from such CI
earnings. ' ic
The term upon which preferred stock may
be Issued is a matter of T >ntrast. It may tit
Issue stock as in this case, nedeemable at a v
certain time upon certain conditions?"li
matters not what name is given to its obliicaHons,
whether stock note or bond; the na- l'i
tare of the transaction, whether tt be a pure Hi
borrowing of money or not Is determined bj
the real substance and effect of the contract Si
between tOe parties. *
Analysis of "the certlflca.} will show thai >1
># the present transaction was not a pure borrowing
ot money."
The certltlcale states that the "stock bean w
Interest at the rate of six per cent per an- .u
num." But provides that the surplus
receipts shall be set apart as a slotting fund m
with which to retire the preferred stock.' er
thereby providing a prelerence lor the bold
era of these certificates anil undertaking to tt
secure to them out 01 the net protlls a reium -t
of thean.ouut invested in stock before com
moo stockholders are permitted to rellrt w
fSj' tbelr Block. ~ S|
The common stockholders have waived an>
and ail claims to dividends until the six pei *
re oeat Interest guaranteed to be paid upon the
R preferred stock shall have been paid In each
t| and every year.
a It would be meaningless to speak of this as
a waiver as against creditors, because stock y,
Br holders are subordinate to creditors and tbt 11
P creditors have priority without any waiver. *
I Bat, not bo with preferred stockholders. No 01
I provision is made lor the payment of the "six J|
, per cent Interest," except out of the net earn- "J
logs. "
A suit oould not be maintained for it under
the terms of the contract. Ul
. "5?Interest bearing stocks. Occasionally a ?
corporation Issued stock with a promise tha B
it wiU pay Interest thereon : such a contract
Is in the nature of an agreement to pay a "'f
dividend from the profits aloue." 01
?;*. ' "It has been held that stipulated interest
on stock cannot become a debt, payable ab- 00
J goiately, 1st, Cook on stock and stockholders 10
J (3rd Ed.) section 277. <'
r ' The relation of a debtor aud creditor doe*
exist between the preierred stockholder and 'j
the corporation, and the right to a prefereo "*1
or guaranteed dividend Is not a debt, untl
the dividend ib aecmreu. r
Chaffee vs. Ruthland. ?'
R. K. Co.. 55? 110.
Besides the prefered stockholders have the 111
right to elect one direction In the corpora- ['
tiou." Thd hoiderB oi the preferred stock, 1,1
therefore had an interest In the profits and |?
Josses of the business of tue corporation Th? H
preferred common Block had filled, and it
was Issued "Ior the purpose of retiring the
outstanding Indebtedness exclusive of the
$35,000 bonded indebtedness. U
The law is now clear'y settled that a pre
I fered stockholder is not a corporate creditor. *
t The preferred stock ho der is but a stuckholder
with a right to have his dividenu
paid before dividends on the common stock
are paid, and he is not entitled to any dlvi
rdendsuutll the corporation has funds which w
are properly appilcubie to the payments of ^
dividends. Aleontrscl that dividends shall be
paid on the preferred stock, wbeh?r any pro- h
fits are made or not, would be conirury to pub
llo policy and void. Dividends on preferred h
stock are payable only out ol the net earing* re
of the company. 1. Cook oa stock and stock- cl
holders. (8rd.) sec ion 271. d
The contest hire is not between the holders
of these certificates and the holders of the
common stock of the corporation, bui be
' tween them and the creditors of the corpora*l/vn
I lliuu*
! as well, the holders of these certificates, as h
a also the corporation, have Held themselves l
I * out to the world by these certificates as
against sub?equent bona tide creditors of the 01
corporation; they, should be held to be pre- w
fered stockholders, not c<editors,
k "Upon the dissolution of a corporation w
k and the di8 ributlon of Its assets among u
B the shareholders after the payment ni
BS the corporate Indebtedness, It is a settled B
jfj rule of law, that In the absence of any pro- s
B vision in the Btatute,;by-laws of oertlQcates U
M to the contrary, preferred stockholders have u
V no priority over common stockholders.
~ Their stock was preferred la respect to dlvl c!
(lends and not In reference to the capital o
stock. The assets of the corporation are to w
be distributed as though no preferred shure* ?
had been Issued. The preferred share holder
in the distribution becorues a common stockholder,"
etc?1 Cook on stock and stockholders
(3rd Ed.) Section J478.
The decisions In the Supreme Court of
Georgia In the Building and Loan cases are
not applicable to the facts In this case. 1
The holders of the certificates net forth In ?
: the pleadings herein are preferred stock- ,
holders, and not creditors of the corporation. L
I; The creditors or tne corporation, ana an oi '
the costs and expenses of the suit must'first P
be paid out of the assets, and, as no surplus
' will remain thereafter, any balance remain- ?
lng must be divided amongst the common "
i and preferred stockholders.
The second question seems to be settled by H
tha agreed statement of facts. It Is stated ?
therein that $1,9-10.55 of tbls money was nd
vanced by John W.Dickey, et. al., and used v
In paying an Indebtedness for tbls amount .
due by the Chronicle Company to Mrs. Walsh f
and that the balance of the indebtedness *
I claimed, namely Sy.119.-17, was advanced by ,
said J. W. Dickey, et. al, to the Chronicle J1
| Company, and used by said company, pay- *
r lng its opt r.iting expenses?some ol the .
amounts paid being in the nature of laborer's
liens and all of said money so advanced was v
necessary to keep the Chronicle a-going con\
cern. These Items unquestionably constitute
v an indebtedness of the defendant company,
and should be paid out ot the fund in court 1
along with the Indebtedness due to other 'J
creditors. The fnctthat tbls money was ad- 1
vunced by John W. Dickey, et. al,, while ?
they owned a insjorlty ot the common stock t
and were then by enabled to elect Its officers
and rontrol the affairs ol the company, can I f
make no difference as to the status of thej
claim, for there is no reason in law or in I
equity why a stockholder, or eveu a ma | I
jorlty stockholder, should not lend or ad-l
vance money to the corporation In which h is
a shareholder, to meet its necessities, es-e 11
[peoially when such advance or loan is necpgnary
to enable the corporation to pay ItH I
operating expenses. \
The amounts of Indebtedness due the othertI
several Intervening creditors of the defeu- j
datft cotnpnny are not tlxed, In this decree, 11
lor the reason that counsel in the cause an
nounced to the court that they will ascertain
and tlx the amount due to these several
... creditors by agreement, and when so fixed
, and determined the same will be paid out of |
he fund 'n 00 lrt by an administrative c
ler. W. T. Gary,
rudee SuppTio r Courts, Augusta Circu
July 2. 1903.
1 VEST END.
Happening" and Incldeutw of n Wee
A bont the t'ily.
Miss Mary Uurst 1b up from Greenwot
pending conn Mine with her sisters Mrs. V
). BarttRdale a 3d Mrs. A. B. Cheatham.
Vf?*o ToitKA H. Kills him unna fn HnHcxeu
pend sometime with her mother before gi
Dg to HeuderHonvllle where she will spec
i>art of the summer.
Mr. W. W Edwards of Due West was 1
own last week on business.
Miss Clarice Knight of Lancaster arrlvt
a the city Thursday and will be tho charn
ag guest of Kev. and Mrs. W. U. Ewari f<
jmetlme.
Mr. J. Allen Smith has returned from
uslness trip to Atlanta.
Miss Ellen Sherard spent several days 1
lonterey last week the guest of Mrs. Jami
li QkSCBl^Bi
Mr. and Mrs. M. T. Coleman and famll
ill last Wednesday tor Ceasar's Head whei
ley will spend the warm mo;ithK. Ceasar
Lead Is Ideal. Due visit makes one wish I
:> acaln.
Rev. and Mrs. O. Y. Bonner came to A1
Bvllle iast Tuesday to take the southbouu
astlbule fur Monteage, Tenn. They wei
itbecliy several hours on account of tto
elay of the train.
Mr. and Mrs. Fredrick Mlnshall came frot
arlon last week and are spending a whll
nre with their parents Gen. and Mi
empblll.
Miss Kaunle Turner has returned to Nlnetj
>x alter a pleasant stay here with her cousl
Ins Mary Hill.
Miss Louise Brown left Monday for Bel
lew, where she will be the| guest of Mle
ennlo Kennedy for several days.
Miss Elizabeth Minshall of Pledmonl
rest V?.. who has been the charming guet
Mrs. W. P. Greene for the past week lei
iturday for her home.
r?-Af Uonrr lolt KVIilor fnr Konpnc
uere be will be tbe guest of Miss Mar;
aerry at a large bouse party.
A number of Abbeville's young people at
uded Sunuy Slope picnic Saturday.
Dr. an'd Mrs. John A. Dloktton went to At
eville Saturday and were tbe guests of Mi
)d Mrs. Jobo Browulee until Monday.
Mr. Ernect Vlsanska bas been In Green
ood for tbe past few days tbe guest ot Mi
be Rosenberg.
Mr. M. P. DeBrubl bas taken the house r?
intly built by Mr J. M. Wilkinson, and b
illinove Wednesday.
FLINCH CLUB.
Thursday afternoon the young girls Fllncl
lub met wltb Miss Helen White. Tbe meet
ig was In every way a most enjoyable one.
Mr. Lewis Perrln went to Greenville Satoi
ty, and was tbe guest of Mrs. Lily Goodwii
mbler uutll Monday.
Mrs. R. Lawton Dargan went to Atlanti
kturday and remained In ihat city untl
jesday. Miss uargan was me guest ui juc
ie Walker while In Atlanta.
Miss Mary Lou Smith and Master W. Joe
nlth leaves Thursday for Blacssburg V?
here they will Rpeud sometime the guests c
rs.Satn Pritcbard.
Miss Nelle Pressley who has been the guen
herslstor, Mrs. \V. B. Bradley for severa
eeks fca-tgone lo Knoxvlllr, Tenn., toatteni
ie aouiueru Teachers Summer School.
Miss Ada Leigh of Chattanooga. Tenn. 1
i the city spending a while with her broth
Mr. Percy Leigh.
Uadet William Hemphill Is at home fron
ock Hill where the Citadel Cideta have beei
ijoylne a pleasant encampment.
Miss Corrle Holllngsworth came home las
eek from a delightful visit to friends li
jartanburg and Gattuey.
Mr. W. Dale Barksdale has returned fron
short business trip to Atlanta.
KUCHKK CLUB.
The ladies Euchre Club was entertaine
rlday atternoon by Mrs. Samuel Good
Qouisonatlier lovely home. The meetln
as one of the most enjoyable ones the clu
as ever had. At the close ol the games a;
aborate sal ad course was served. The nex
leeting of the club will be at tbe home c
iss Mary Lorton Kobertsou.
Dr. and Mrs. 1). K. Mltchlner and thel
indsome little son spent last week at Mil
ood the guests ol Mr. and Mrs. Granvlll
eal.
Miss Ethel Lyon has gone ^o Bell View t
>end some time with relatives id that v
nlty.
Mrs. Chalmers tiauuon ana master i^un
lers Haddon have returned to their bom
i Troy after u ten days stay In the city th
lests of Mrs. K. M. Haddon.
Mi88 M iry Bailey, one of Greenwood's pre!
est young g.rls wax the guest of Miss Jessi
i>eed several days last week.
Miss Louise Mcintosh of Emberton Is e.i
:cted Id the city la a few days for a shoi
.ay here with relatives.
Miss Nettie Russell left Saturday lor Her
srsonvlile, N. C., where she will remain ut
I September. MIkb Russell was delaye
are several days here on account of some c
>6 party she was to have Joined not going t
endersoayllle.
Miss Maude Kay Ik in the city the guest (
aranut. Mrs. S. F. Kllllngsworih.
Miss Wlnton Purae Is at Wiuthrop at
;ndlng the Slimmer School.
Miss Margie Browwiee who for the pat
eek has been the guest of h?r sister Mn
uhn A. Dickson has returned to der home li
ntrevllle.
Miss Nettle Brunson will leave In a fei
sysfor the White stone Springs where sh
ill attend the annual meeting of the Pres
ssociatlon. Miss Brunson will go to Orang(
urg lor a visit to her home before return In
ere.
Mr. Porrln Quarles Is In Rook Hill where h
us been attending the Citadel Commenci
tent and rhe hop glveu to the graduatin
lass. Mr. Quarles is a graduate of the Cita
el.
Miss Ida MaeBrownlee was in town severs
ays lust week.
AID SOCIKTV.
The Aid Society of the Presbyterian churci
ad a meeting Thursday afternoon at th
ome of Mrs. W. C. Sherard.
Mrs. Fannie Thomson of Troy was the gues
r Mrs. W. H. Bradley for several duys las
'eek.
Miss Mary Pressley and Mian Nelle Pressle
ere in ihe city lust Wednesday the guests c
je Misses Cater.
Prof. R. ? Gilliam relumed Saturday froc
Isbopville where he has been leaching th
ummer school for the past month. Mi
llilatn will have charge of the school her
mt will begiu July 27th.
Mrs. Geo. McL). Miller of Laurens Is in tb
liy the guest of her daughter, Mrs. A. i
ochrao. Mrs. Miller has been In Due Wee
'itb Mrs. W. W. Edwards for the past si
reeks.
DKLIGHTKUr. ENTERTAINMENT.
Friday evening thejibarmlng home of M
nu iurti. /VU^USLUO ui\j\jan vumumu it a
lirowu opeu to receive a throng of happ
oung people who were bidden there. Tb
ntertainment whs tiven In lionor of Ml*
laryBilley ol Greenwood and Miss Bessl
iee Cheatham. At tbe close of the evenln
laborate refreshments were served. Thos
resent enjoyed tbe eveulng thoroughly.
Mrs. Henry Key C'eveland Is at home agal
Iter spending some time In Atlanta wit
er home people.
Miss Addle Hughes, one of Trenton's moi
llructtve young ladles Is expected In tb
lty to be the guest of friends for a lew week
11 ms Hughes will be one of tbe party tht
rill spend a week camping at Millwood.
Lieut. Thomas Jordou Lyon Is home froi
lock Hill where he has neen attending tb
?mcampment of the Citadel.
Miss Bessie Henry Is In the city the guei
if Miss Marie Gary. Miss Henry Is one*
ireenvllle's fairest daughters.
Miss Nelle Wilson aud Miss Fannie Harr
lave gone to Bellvlew to spend some tine
vlth ttielr friend Miss Lizzie Morrah.
IACANKSK TEA.
Mrs. W. Da'e Barksdale entertained tl
kllsslonary society of the Baptist church la
['hursduy afternoon at a Japanese Te
?very thing was carried out in true Japaue
nyie. <1 lie euienamiueui wa? juveiy u? we
ik enjoyable.
Miss Mamie Morse has gone to Bellvlew
ipend fome time with Miss Lizzie Morrah.
Mrs. Lelioy T. Miller returned Saturdi
rroiu Charlotte where she has been on a vlt
;o her orotherMr. Billy Wilson. Mrs. Mllli
visited relatives In Lincoln too while away,
Mrs. Preuton B. Wells has gone to Gree
ville to spend some time in that city wl
ber borne Deople.
Kev.J. Hagan Graves of Greenwood wan
[tie Cliy SRluruay huu nuiiuaj iue gucob
tii? RlKier, Mrs. W. A NlckleH.
Miss Lola Bell of Due West was In the cl
last Friday toe guest of Miss Fannie anil Ml
Mary Starke.
KUCUKK PARTY.
Mrs. Frank Royd Gary entertained Tuesd
afternoon in honor of MIbs Elizabeth Jon
* *
)r. and Miss Mary Jon en of Lancaster, who a
the attractive ({newts of Miss Eliza Gary.
[? There was no service In the Fresbyterli
' church Sunday morning. owing to the a
sence of the pastor Dr. J. Lowrle Wilson wl
has been with.his brother. Rev. Joseph W
son, who Is suffering; from a severe aceldeo
MIrs Grace Smith leaves Thursday i
Blacksburg, Va., where she will spend son
time as the guest of Miss Nancy Aiken.
Mr. Glenn Leslie of Westminster, Is
borne spending some time with his mothc
K Mrs. John Leslie.
PLEASANT ENTERTAINMENT.
y Miss Kllza Gary entertained last Wedne
day evening In bonorofMIss Mary and Ml
Bessie Jones of Lancaster. Hat trlmmlt
-v_ was the amusement for the evening. T1
Id first prize, a knife, for best trimmed liat wi
tjiven to Mr. Lewis Ferrln, Mr. Willie Harr
in received a silver stick pin for the tackie
bat.
1(1 Tuesday a party of young ladles and mot
j. chaperoned by Mr. and Mrs. Augustus Ma
jr sball Smith left for Millwood. Those in tt
party were, Miss Addie Hughes, of Trentoi
a Miss Bessie Henry, of Greenville, Mies Sai
Lee, Miss Marie Gary, Mr. Simms of Greet
n vlile, Mr. W. Coulter Cothran, Dr. F. E. Ha
rlson, Mr. H. Gillespie Smith, Mr. Will f
White, Mr. J. Fraser Lyon. A pleasant tin
v Is anticipated and every detail has been a
re ranged for the pleasure of the party,
's Mr. and Mrs. James S. Bowie returne
I w r |.? \A7Qchlm
lUUUUtt.V r* tnu ncc&H mo/ iu n ?umut
ton Hud New York.
t,. Hev. P. H. Wells left Tuesday for Glen
d Springs where he will spend a few days.
e Rev. Air. Henderson, pastor of the Cokei
ie bury Presbyterian church, preached at Lod
CaueJSunday morning, and Sunday evenln
n at. the Abbeville Presbyterian church. M
e Henderson was the guest of Mr. Franc
.B Henry while In the city.
Miss McGee of Greenville who baR beeu th
guest of her uncle Mr. Charles McKay fc
u the past few days, returned to her home Mot
day.
is
Tbe People Seem to Wnnt High Taj
[t
Tt Greenwood Journal.
The Press add Banner of laRt week con tain
' ed a very thoughtful editorial oa tne Invar
" able tendency of people to Increase taxatlor
When the question to levy a special tax Is t
'* be deolded by vote, our contemporary cor
tends that It Is usually done. We oonret
[' that we bad never given mach attention t
it, but we believe that he Is right.
People complain and groan under the but
1* den of heavy taxes and abuse other folk
for putting them upon tbem, and yet wbe
tbe matter Is placec In their own hands the;
? pile It on Just as heavy as they are asked tc
6 Whoever heard of a town or a county vol
lng against bonds for a railroad or any othe
corporation which came along and asked fo
tbem? It is usual to grant all tbe favors c
3 this kind that are asked and more. We sup
, pose that it. was for the purpose of holdln
down the people that tbe legislature of tb
' State passed a law limiting citizens of muni
3 olpalltles as to the amount of taxes whlcl
they might Impose upon themselves. Th
? teudency Is so strong that tbey have to b
1 restrained by special enactment.
i, There is another phase of this snbjec
to wolch we wlBh to direct attention. It 1
il the disposition to always exempt from tax
i atlon any thing that asks for it. No one cai
if'point out a case where tbe people refused t
grant such a favor. This, of course, is an in
t direct way of Increasing taxation.
THE WINDOW.
3 * ,
Q Its Importance in the Scheme of R<
t tailing;.
a Many dealers in the smaller town
a and some retailers in the cities tail t
use their windows in the best advac
tace. To most retailers a well-dressei
window will prove in results only set
11 oudary to good newspaper advertisin;
g ?and the window advertisemen
t> costs nothing except the time am
? thought necessary to prepare the dis
play. Window dressing can be don
on.dull forenoons when there is littl
* trade ccming in, and should be del*
e gated to certain of the employes wb
display some sense of proportion ani
? artistic instincts. Do not make
hodge-podge of the windows. Dit
I- play one or two lines at a time an<
| change the display often. No matte
bow well a window may be arrange
t- it is not good enough to remain in
e definitely. If you are making a spec
c. ial drive on certain lines, give promi
t nence to the same articles in your win
( Sow display, and always, always, hav
)I easily-seen price tickets attached t
d each article.
^ Did you.ever staud in the street out
side a well-dressed show window? J
>i not, do so. Notice the number of pec
pie who passiit, nearly every one giv
ing a glance at it, and many stoppini
it for a closer examination. Many, in
' deed, enter the shop and enquire abou
the goods ; mauy others will do s<
" later, when they have more time a
? their disposal.
>' Some of those passing may not hav<
e seeu the firm's newspaper ads ; other
e have already noticed the ads and tin
. stock in the window should be chosei
8 so as to back up the statements mad<
in the advertising. The window
ii should be a "clincher" which will con
viuce the doubters. Never, nevei
display okl style goods in the win
h clows, no maiier now iow ine pric
e marks, unless you wish to drive awa;
the better class of trade. If you wisi
to get rid of the out-of date goods
1 work them off on country customer
y or others who are not particula
about style, telling them frankly tha
o the goods are of a previous season'
e make, and therefore sold at a lov
r: price.
I said at the beginning of thisar
e tide that good window display wa
only secondary to good newspaper ad
x vertising. Do you notice in hov
many particulars the same principle
govern the two kinds of advertising
A few lines advertised at a time; th<
,a' advertisement or window displa;
y changed often ; artistic and attractiv
e displays; goods prominently priced
e All the difference there is, while ii
g the ad, one must give.word picture
e of the goods, often accompanyinj
u them by cuts ; in the window advei
b tisemeut the goods speak for them
(l selves. See that they have every op
,e portuuity to speak conviucincly.
s. Byron Howard
it
n ? " ~
ie
Cliamherlitin'N Colic, Cholera an
lit Diarrhoea Ilenieily.
31 This remedy is certain to be needed In a
most every home before the summer is ove
It can always be depended upon oven In tt
>e most severe and dangerous cases. It Is espe
lally valuable for summer disorders In chl
dren. It Is pleasant to take and never falls I
five prompt relief. Why not buy It now
t may save life. For sal? by (J. A. Mllfor
si Abbeville, H. M. Young, Due West,
a, m t -
He
The Cross of Christ is good anoh
to rage for those who feel their weak lies
and even more necessary to those wl
** do not ho feel.
or Said old Thomas Fuller, "You ca
not repent too soon, because you <
th not know how soon it may be t<
late."
'Jf Endeavor to be patient in bearii
with the defects and infirmities
,,y .others of what sort soever they be; 1
188 i that thyself also hast many failin
which must be borne with by othe
Up from the deepest death grows t
tallest life.
ire
an
b
bo
II- .
itor
le
at
r\.
fit
rie
0,
HAS AN
K
? KINDS A
: THE SAM
A POUND
Li:
An advance in pr
o
iIB
O
; Sav
y mhmmhm
I.
Lr
r
if
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e
3
e
e
t >
8
\ New Scholarships for Men
Teachers at the South
Carolina College.
Clause from Appropriation Act of General
Assembly, 19GI:
"That one thousand six hundred and
forty dollars be appropriated to be wsed
8 to provide forty-one scholarships in the
0 Normal Department, one from cacti
county, of the value of forty dollars,
j besides the remission of tuition and
_ matriculation fees, the beneficiaries tc
be selected under regulations to be preB
scribed by the Board of Trustees."
t This means $40 in cash to the strident,
u besides remission of $40 tuition and ol
i- $18 matriculation term fee. Thus the
e scholarship student will receive from
e the College J5 a month for eight months
>_ to assist him in his necessary living
^ expenses.
u
d REGULATIONS BY THE BOARD.
^ 1. Applicants shall be young men al
: least nineteen years of age. The pura
pose of the General Assembly being tc
r encourage men teachers, preference
d will be given to those who furnish sati
isfactory evidence of ba-ving already
>- taught for at least one session, and
j_ with success; but if from any county
there be no suitable applicants who
" have taught, the scholarship of that
county may be awarded to a young
0 man who only intends to teach.
2. Applications shall be made to the
> President of the College, at Columbia,
f before July 1st, upon prescribed blanks
y. furnished by the President or by County
. Superintendents of Education, upon request.
These blanks shall provide for
? information and references as to the
" applicant's age, physical condition, gent
eral character and ability, educational
0 advantages, financial circumstances
I leacning experience, ana purpose in
taking the special normal. course. The
p information thus submitted will be regarded
as a preliminary examination,
and those who receive permits to stand
e the later examination will be credited
1 with the combined results of these twc
e examinations.
e 3. The later and formal examination
. shall be upon English Grammar and
Composition, History and Geography,
' Arithmetic and Elementary Algebra.
(Algebra, however, is not indispensable.)
The Normal Scholarship Comy
mittee of the Faculty shall prepare the
^ questions and mark the papers. The
i, County Board of Education of each
8 county is requested to conduct this exr
amination at the same time with the
j. entrance and other scholarship examinations
of the South Carolina College
and of Winthrop College (which this
v year will be on Friday, July 10th). The
County Board will receive the questions
' from the President of the College, and
8 ie requested to return the answers tc
. hfrn, at Columbia, forthwith, by mail
y \JL
? '4. A standing Committee on Scholar9
ships, appointed from the Board, in conjunction
with a standing Committee
e from the Faculty, shall select the scholy
arship students for each county upon
e the results of the examinations re|.
ported by the Faculty Committee, and
[1 all the other information submitted,
g The proper announcements shall be
made through the President, l.:p
5. After the first year the incumbent
may be reappointed, provided that, in
- the judgment of the Faculty, his apti
ness to teath, his progress in ttudy,
and his general character indicate that
he is a suitable person to fulfill the
porpose ot the scholarship as provided
,for by the General Assembly.
il ??
]. .Mails OIohp.
r. s Abbeville, S. C., May 2('.,190:i
The malls cloHe at the pout office at Abbe
c- ville, S. C., as follows:
1- C. & G. R. R.? S. A. L. R. R ?
10 8.10 a. m. North. 12..'50 p. m. .South.
"t 10.10 a. m. Soutb. 12.:$0 p. m. North.
J. 10.10 a. m. Hodges. 3.30 p. m. South.
1.30 p. m. North. 4.20 p. m. North.
1.30 p. m. Hodges. H..H0 p. no. South.
8.110 p. m. North.
o_ Night malls on Sunday close at 0 p. in.
Antreville mail closes. at 1 30 p. ni.
s> The Kural Carriers leave at about 7.15a. m.
10 Uobt. 8. Link, 1'oHtinaHter.
II]o
Military Week iu AiikumIii.
i)0 The Charleston and Western Carolina Rail
w?y announces that on account of Mllltar:
Week In Augusta, July 6th to 13th, It will sel
-jir round trip tickets from points on Its line t
Augusta at rate ol one fare plus 25 cents
, tickets on sale July !)th and 10th, and fo
or morning trains ol the 11th. ' Final returi
gij limit July 15th.
"c If you are a $1,82, $3, or hat man it make
noditlerence your hat Is at Hall & Andersoi
...
~ 1%.T ^ -4-T-* ^
- Ji\ U W I? U1C7
)tton
IV. IMMENCE
STOCK
.ND IS OFFERIN
E PRICES AS WE
CHEAPER THAN
ice is sure to com
e money by buyir
L. W
' ' B. Y. P. U.
Many A-Jvantajtes via the Neaboai
Air Line to Atlanta.
A clroular has been Issued Id which the oi
clal route from Abbeville to Atlanta Is nam
via Seneca, and while we know that the pc
t pie of Abbeville realize there Is only one <
[ rect route without cbaDge of cars, Abbevl
to Atlanta, and that 1m the Seaboard A
Line, In order that that the unknowing mi
L know something of the only dlreot route, \
name here a few of the many advantages I
i n?u<f thafloohnarH Air T.lrta tn thA mpp. I 1
, of Baptist Young People's Union:
The Seaboard Air Line is tbe only line re
nlng solid through trains dally, wlthc
change of cars, Abbeville to Atlanta.
Tbe Seaboard is the only line operati
solid vestibule trains, Abbeville to Atlan
; elegantly furnished bigh-baok vestlbt
coaches, no extra charge.
1 The Seaboard the only line operating Ct
> Olnlnv Cars, Abbeville to. Atlanta. Lunct
; served from ten cents up.
Tbe Seaboard the only line operating tbi
trains dally in each direction, making e
trains dally between Abbeville and Atlan
In "Good Old Summer Time" do you pre
; to spend nearly a day on a train, or get the
. In a lew hours, rldlDg in an elegant coach,
a train, mablng but lew stops.
Compare tbe schedules, then go buy yo
* tlcftets from G. H. Fuller, Agent Seaboai
- Abbeville. S. C.
- For all information, write to J. H. von I
L len, Traveling Passenger Agent, 116 Pea<
r tree Str?et, Atlanta, Ga.
| W. E. Christian, Asst. Gen. Pass. Agent
NeekioK a Customer.
Every man in business is lookii
s for some one to buy everything 1
r carries in stock. He is anxious to g
some one interested in every artiCi
When the goods have been put on ti
' shelves he is at once interested in g<
[ ting them out of stock and into oth
nauds, and the sooner he gets tl
l goods into a customer's hands the b<
: ter is the movement as a busine
venture. The profit may not be
great as the merchant would mal
L ttrafa it a tn hnlil til# anndq for mai
? months, but he would then perhaj
take chances ou their celling at a pr
t fit at all. The best way therefore,
t get the customer is to be after hi
- early, aud get him into the interests
- part of the conversation with refe
ence to values and stocks, and ke<
? the matter interesting until the cu
L tomer appreciates the good to be o
L tainednow and the advantage of bu
in.? now. Most merchants really u;
n Uerstand these points and are auxioi
to unload as fast as they can aft
" loading up. They want to fill the
I stock with good things and the" a
anxious to get the goods into the han<
l of the appreciative in the communit,
v A good article is the stock makes tl
L stock look better ; but a good artic
sold to a good customer widens tl
audience of appreciative purchase
and gives the store a speaking frier
who will say where she got the gooi
( and how good she thinks they ar
In planning for business therefore,
necessity is to have the stock that wi
please the customer' aud, having tl
? article, to get its appreciative featur
before the people as early as possibl
" Tell as many good points of the a
' ticle as is possible, and keep the pe<
pie interested all through the seasc
: to insure tbeir buying. If talking
the attractiveness of the goods wi
not sell them, the quality ought to I
improved so that the people would I
more willing to come in and bu,
The quick sale helps to make a fa
profit and the man who has the stoc
to offer and who is able to tell aboi
-lit attractively aud temptingly wi
get his profit 'without delay.
mm
* * VAlmlurttliln ill]
r* in in r<F|> murine
Entrance KxnniiiialiouN.
The examinations for the award of vnca
scholarships In Winthrop College and for t
admlsslon'of new students will be held at tl
County Court House on Friday, .July lOtb,
9A.M.
Applicants must not be less than flftei
years of ace.
When scholarships are vacated after Ju
- 10th. they will be awarded to those makli
f the highest average at this examination.
I The next session will open about Septet
r? her 10,19ft).
; For further Information and a eatalogi
r address Pres. D. I). Johnson. ltock Hill, S.
u _ ______
A fresh lot of candy evejy week at M
ford's up to date drug store.
s Try Ij. W. White's roasted cott'ee at 10 oer
i. a pound. It Is a bargain.
<
Time to Buy ?;
V VT V?-N-/
Wli:
OF COTTON GOODS
G- THEM AT PRACr
[EN COTTON WAS FIV]
' IT IS NOW
I 1
e.
ig before the advance i
J. WHI'
fiffm?iVr mf f rll i iimiilWWa?M
I ] it
5. a int
I FERTILIZES HIS L
a The, Virgmia/Carolma
j "Manufactures die bat Fertil
bf 1 Virginia-Carolina Chemical Co.
jet I CHARLESTON. & a
lim
o- TO
m Texas, Indian Territory, <
I? sas, and Miss
'? VIA....
l: THE NASHVILLE, CHATTANOOGA I
| AND WESTERN AND ATLi
Solid Vestibule through trains
y and Memphis. Only one cl
ie Texas. Very low rates to poii
le west and West.
i] BEST SERVICE. . . . (
id
j8 For rates, schedules, maps or any info]
JNO. E. S
a
11 No. 1 N. Pryor St., Atlanta, Ga. 1
ie
es
e' I,. W. White'H Locals.
rOur
trade in embroideries ha6 been pbenom?*
enal. We bad tbe largest stock of them we
> ever bad to begin with, and yet we received
of two large additional shipments last week. Bapils
,, Our prices are tbe lowest ever known for
11 these goods. Come aqd see them. Seabo
oe t, w. White's immense stock of white 8th. 9th
oe goods Is still holding out. He still offers the tension
v choicest tilings to be Dad In white madras, Io- posltlnt
dla linens, waist linens, organdies, batistes, until A
ir piques, nainsooks, cambrics, &c., &o. cents.
Black voile omtlnues to be the leading Rate,
Ut black goods of the season. Since L. VY\ White return,
II first received his spring stock he has sent lor- open to
ward five different orders for black voile. He those d
keeps in stock two different grades, one at 50 Air Lin
cents a yard and another at 81.00 a yard. to and f
If you want cheap goods you will surely
find them at L. W. White's. Those white v?rv
lawns more than a yard wide at 5 cents a yard
cannot be matched anywhere. We have sold "*Ynt?
already more than fifteen hundred yards of J:,'?
nt them. t0
e W. White always carries an Immense Foral
he stock of cotton goods. His prices are as cheap Agent,,
at now as they were when cotton was tlve and len.Tra
six cents a pound. His stock of unbleached street, j
3D sheetings, bleached long cloths, full width '
sheetings, bed tickings,glnnhams, prints and
ly percales was never larger than at present,
og . Si
Hamilton Brown Company shoes are only Truln.
fl- sold In the city of Abbeville by L. W. White. ..fvf',:
He has a good stock of them now. Shoes for y1(),
ie. ladles ana gentlemen, misses, boys and chll- 1 ? \ )
C. dren. This make of shoes Is not excelled in , A." r!
point of style, comfort and durability. No 111 |
Nos.l
11- ? Close
L. W. White sells the best yard-wide unitH
bleached sheeting at 5 cts a yard to be found vlaloti t
anywhere. Jianta.e
. . .1 I :%m
?
tt
. , 'i
?\Sp
V
J
1
i
'%i
__
H t
3B MhM
I
OF ALL . M
riCALLY , |
2 CENTS
.
* ' -m
, ag
s established.
TE.
^ -a/ /
i ^ ~ ^
i Prosperity j
PLANTER I i
ANDS
Chemical Co,
hua M Earftf.
. '*|1
"*
HI
Oklahoma, Arkan.
jouri,
* v~3|
i ST. LOUIS RAILWAY, J
iNTIC RAILWAY. S
between Atlanta
lange of cars to
ata North, NorthJUICKEST
TIME.
rniation, write, - j
A rrrnnr>"nmT n
IA1 IXilil IXjUI/,
$
Draveling Passenger Agent
.
CHEAP BATES.
. $
it Yoangr People'* Union, At*
Inu t?, Gft.
ard Air Line will sell tickets July 7th,
, 10th, with final limit July 15th. Exof
final limit may be obtained by de;
tlcfceUwltb Special Agent, In Atlanta,
ugustlSth.on payment of fee of fifty
* #5fl|
Abbeville, S. C., to Atlanta. Ga., and
$4.10. Three trains dally. This rate In
all, and In order to take care of all
leslrlng to use this rate, the Seaboard
e will operate extra fine coaches, both
rom'Atlanta, affording passengers the
t, best, safest and most comfortable
> Atlanta, Ga.
low side trip tickets will be on sale to
tin and Seashore resorts, and other
rtnrln? this mefitlner. bv all linos rnn.
tof Atlanta.
Atlanta via the Seaboard Air Line.
I information call on G. H. Fuller,
\bbevllle, S. C., or write J. A. von Doveling
Passenger Agent, 116 Peachtree
\tlanta, Ua.
'3
i>ii(bern Railway Schedule. il
i far Hodges leave Abbeville, S. C? No
y) 8.40 a. m.; No. 112 (dally) 10.50 a. m.
dally) 1.55 p.m.; No. 116 (daily).
i from Hodges arrive Abbeville, No. 115
.0.20 a. m.; No. 113 (daily) 12.05 p. m.;
[daily) 8.10 p. m. ,
16 and 117 (night trains) discontinued.
connection at Hodgea with through
nr rirAAnvlllo Pnln mhio PhovlaatAn
meeting at Greenville for A. & C. Dl olnts
and the East, also Ashevllle, Atto.
; >1