Historical Newspapers of South Carolina

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. PROPOSED C f WAR John L. McLaurin f Have Prepared Is Believed W sion of Sup "The remedy we propose is to bring the producer and spinner together through a system of government warehouses, which will, as sure as fate, become the basis of a foreign and domestic system of banking which will produce the interest rates and relegate money to its only legitimate func tion?a medium of exchange." This state ment is made by John L. McLaurin and E. W. Dabbs, members of a special commit tee of the South Carolina State Farmers' Union, which was appointed several days ago to prepare a cotton warehouse act. to be introduced in the next general assem bly. The measure is designed to take the place of the act that was recently declared unconstitutional by the supreme court. An address to the citizens of the State has been issued. Under the new act the commissioners or. Ann ? mwl nil tin vol Oic \AJ ICWD1VO ^VW (? jvm Uit\( wit V1WTV* ing expenses while in the discharge of their duties. An appropriation of $30,000 to put the act. into immediate operation is provided. The system will become self sustaining after the act is put into opera tion. The following address has been issued to the citizens of the Stato: i - At the annual meeting of the Slate un ion, held in Columbia on July 23-24, the un dersigned were instructed to issue an ad dress to the people on cotton marketing and to draft a hill for introduction at the K next session of the general assembly, which will be in conformity with the re cent decision of the supreme court on the State warehouse act. A VitaS Principle. We herewith submit a measure embrac ing not only a State owned and operated warehouse system, but also intended to standardize cotton grades and baling, so that the stamp of South Carolina will be accepted the world over at its face value as a guarantee of merit. It is reooguized as a vital business prin ciple today that consolidation, not compe How'8 This? We offer One Hundred Dollars ward for any case of Catarrh that cannot be cured by Hall's Catarrb Cure. F. J. CHENEY & CO.. Toledo, O. We, the undersigned, have known P. J. Cheney for the last 15 years, and believe him perfectly honorable in all business transactions and financially able to carry out any obligations made by his firm. NATIONAL BANK OF COMMERCE. Toledo, O. Hall's Catarrh Cure Is taken internally. acting directly upon the blood ana mu ooub surfaces of the system. Testimonials Bent free. Price 75 cents per bottle. Sold by all Druggists. T?ke HaU'e Family Pills for coastlp*ttoo. ' The Cream of i Specially ttnporteck New Orleans, Am< Capital ?; specially pa< proof, dust-proof, ftes a VERY SPECIE perfection told hy in this town. VW1CC lis (JMCC yju uai recommend and sell L. W. KELI McOOB Mowers a ALL REPAII AG-ENTi II oi m We can furnish you Machinery on short get your wants fillec Get a Clover Leaf ? them in We carry : Columbus Abbeville M< ABBEVII ;otton ehouse act i and E. W. Dabbs Measure Which fill Meet Deci= reme Court. tition, is the foundation of wealth, be cause it reduces the cost of production and makes for efficiency and economy in plac ing commodities on the market. Fellow farmers, it is only in our business where the old-time brutal law of "the sur vival of the fittest" remains of force. We alone are competitors, cne with the other, in the markets of the world. With the sovereign power of the State governments behind them, let the cotton planters, with due regard to tiie laws of supply and de maud, market their cotton only when de mand insures a fair profit, taking care of the surplus as do the produceisof iron, copper, coal and other standard necessi ties of life. Cotton Corueratone International Finance. Thn ,,r 1 llv IUIU AUHlJfe V/l vV'tlA'li 10 W1 V?UflV*w wide import, because, since the adoption of the gold standard, cotton has become the very cornerstone of international fin ance. It is through cotton that the United States controls the balance of the world's trade, and the South, having a natural monopoly in its production, has it in her power, through wisely directed effort, to largely dominate the finances of the Unit ed States instead of occupying the sub servient position she does today. What FIxcn the Prloe J Political economists are agreed that the price of commodities always advances or declines automatically as the measure of value increases or decreases. If the quan titative money theory then be correct it means that if the supply of gold increases in nvonortion to the increase in huniness transactions, that prices hold steady and prosperity reigns. Per contra,with a dimin ishing gold supply, and an increasing vol ume of business,, prices decline and hard times come. Applying these basic principles to cot ton, what do we And V 1. Cotton is an exi?ort crop, the surplus sold abroad fixing the price of that which enters into domestic consumption. 2. This being true, the price of cotton is fixed, not in relation to the supply of gold in the United States, but in the cotton manufacturing centres abroad. There is no other great world crop bear ing just the relations to the financial sys tem that cotton does. Wheat, grain, wool and meat are world wide products, a fail 1 ure in one region is compensated by over production in another. World wide con sumption and restricted nrea of produc tion is what makes cotton "king." Have W> KraiiiM to Solve Problem f After the panic of 1893 and the settle ment of the free silver question, the great j financiers in New York ware quick to take the Coffee Crop specially prepared in jrica's Good Coffeb iked in dainty, damp hness-pfesertfng cans; iL coffee of top-notch Only One dealer Coffee duplicate its quality; at nnot find a better. We this coffefe exclusively -"FIT? fr. -RP.O uMICK nd Rakes IS IN STOCK S i? U K arvester Co. all kinds of Farm notice. See us and I in advance. Jpreader. We have stock. full line of s Wagons ?tor Car Co., jLE, s. c. \ advantage of the monoply in cotton pro duction to turn exports of gold into im ports, thereby "restoring confidence" and prosperity. New York has steadily <>ach fall drained Europe of her gold reserves by demanding pay for cotton in gold. Watch the imports duiing September, Oc tober and November. It is these which within It! years have transferred the cen tre of the llmincial world from the banks of the Hague to the banks of the Hudson and made Morgan, not Rothschild, its king. Each year the foreign balance of trade is just about equal to the value of S/uithoi'n nnfi/in cnlfl nhrnArl Has the time eomo when Southern gen ius and Southern statesmanship is equal to tiie task offered us of God ? Can we turn to our own advantage an opportunity greater than any people have had since Canaan was offerod a free gift to the chil dren of Israel ? At present we "make brick without straw" and the hand of the "task master" is heavy. Our crop Is produced and the expenses are paid, not in money, but cred it paper, whose redemption in gold is un heard of; at least 90 percent, of all the business transactions connected with mak ing the crop is by check, draft or "prom ise to pay." When it comes time to mar ket the crop abroad where the price is fix ed, payment is demanded in gold, and the actual shipment of the metal itself be gins. This gold does not enter circulation, but is locked in vaults of New York to maintain a commercial supremacy in which the South is not permitted to share. A Vision of the Future. We have a vision of the time in the near future when through this system, South ern ports will become the cotton distrib uting points of the world, and Southern banks, the channel through which shall flow this steady stream of gold, which fructitles the commerce of the nation. At present we permit each year the pur chasing power of our customers abroad to be depleted for an advantage to New York which is a positive * injury to us, because of the steady fall in cotton prices result ing. A mere statement of the proposition reveals the economic blunder which holds Lilt! OOUU1 1U OOUU&tfB. , It Is unjust to European spinners as it is !cruel'to Southern planters. It is generous only to the gamblers who exploit spinner and producer. The remedy we propose is to bring the, producer and the spinner toget her through a system of government warehouses, which, will, as sure as fate, become the basi6 of a foreign and domestic system of banking, which will reduce interest rates and regulate money to its only legitimate function?a medium of exchange. , n ii in, The recent decision of the supreme court is of far-reaching effect, greater, perhaps, than any of us now realize, for it gives a broad interpretation of the powers of the State in protecting her citizens from eom bnations which would confiscate property by destroying the profits arising there from. The South Carolina decision marks a new era and will be the authority most quoted in the social and industrial ques tions now pressing for solution. The objections to the bill were on tech nical questions, and the broad door to the police powers of the State was opened wide* by the court. It would be historical ly fit, 6hould the trust question threaten ing the security of the nation be settled by South Carolina leading the way back to "State's Rights" and the reserve powers of the people vested in their State legisla tures. No bettor illustration of the effective ness of the scheme which we propose could be found than in the crop just marketed. In October, uuder the impact of a crop estimated at 14% million bales, cotton de dined to 8 cents. This summer, when the crop is known to be not much under 17 million bales, cotton has been selling at in terior towns around 18 cents, a difference of about $25 per bale. Twenty-five dollars a bale on 800,000 bales so sacrificed of the crop in South Carolina last year would amount to $20,000,000. We call your atten tion to the undeniable fact that this enor mous loss has fallen directly upon the planters. The banker, merchant and fer tilizer factory have been paid in full or are getting interest on balances carriod over. The railroads received exactly the same freight per bale on carrying the larg est crop ever produced. Where Loom on La*t Crop Fell. We further call your attention to anoth er fact in connection with this loss: Among the planters it has fallen most heavily on the smaller ones, those least ablo to stand it, because the planter with ihoney or es tablished credit was able to warehouse his cotton and realize from 11c to 13c for it. We debated in our winds for some time the feature of a direct appropriation from the State and finally concludcd that it was best to let the cotton crop take care of it self in the manner suggested in the bill. Will Make ConiinmerH Fay Expenneti Heretofore, under our methods of mar keting in competition with each othor, all charges, including t ran spoliation, have been borne by the producer. Under the 6cheme proposed, the expense of market ing will be in the nature of a tax on con sumption, shared by the consumers of cot ton the world over, and every economy which can be introduced will insure to the i benefit of both producer and consumer. To the Banker**. We desire to call the special attention of tho bankers to the report of the banking committee of the State union, and we earnestly request the assistance of our banks, and suggest that they arrange now to secure sufficient funds or get assur ances of extension which will avert the disasters of hist fall. Your profits, gen tlemen, depend very largely on the sur plus which farmers are able to denosit with you after settlement of the expenses of the crop; therefore, we confidently ex pect your cooperation. To the Manufacturer. To the manufacturer: Wo say that this bill does not seek to deprive you of just profits. We recognize the fact that our product is without value until your spin dles change it into cloth. It is to you we look for that extension of trade and a de velopment of now markets which creates an ever widening demand for American cotton. The inspection, grading and les sening of marketing cost, enables us to give you cheaper raw material and there by increase your profits as well as ours. To the Laboring Han. To the Laboring Man: We say, the more money our cotton brings in from abroad the demand for your labor, and the higher wage you can demand, whether In the fac tory, workshop or the farm. The tendency is toward congestion in the city, which means competition between laborers. Help us increase the profits on W. k The Wagon W. \ the farm to a point where labor from the country wlli not seek the town to compete with you and make still higher the coat of living. Ar Appeal to tiooil Government. In conclusion, fellow citizens, as we re vere the past and hope for the future, we say that the time has come in South Caro lina for an uplift political, social and in dustrial. E. W. Dabbs, President; Jno. L. McLauHn, Committee State Farmers' Union. The BUI. A Bill to Regulate the Ginning, Baling, In specting, Warehousing and Marketing of Cotton and Other Products. Whereas, cotton is the great money crop of this State and annually brings into the channels of our trade $60,000,000 to $100, 000,000; and, Whereas, no commodity known to the world's commerce is marketed in such dis reputable condition as to size and shape of packages, mixed contents aud scarecrow covering. And whereas, no other commodity of any I importance known to the world's com-! merce is marketed with such utter disre-, gard of the laws of trade. In the language of the statute of 1789, j "Whereas, it is necessary tobacco should ( be inspected before the same is sent to j foreign markets, as well to prevent fraud j between the buyer and seller as to prevent I that article (the growth of this State) from being brought into "disrepute abroad." I Now, therefore, Be it enacted, That in the exercise of the J polite powers of the State and for the com mon defense, a State inspection and cotton warehouse system is hereby established. I. That Richard Roe, John Doe and Thomas Blank are hereby constituted and appointed a commission to carry out the purposes of this act. Their terms of serv ice shall be two, four and six years respec tively, and upon the expiration of their re spective terms, the election of their sue- j cessors shall be for a term of six years j each. II. It shall be their duty to study the. conditions wnder which cotton is grown, harvested, ginned, baled, stored and mar keted, and as a result of such investiga tions, to organize a system that will bring about needed reforms, and provide for the most economical and scientific handling of this great crop from the Ileitis to the mills. TTT Tf chilli fhoii* Hnfv whnn fhftv have determined upon the best system of , ginning, baling and covering, to recom mend its adoption by all ginners as fast as practicable without undue expense, it belug one of the objects of this act to have a un iform bale, that will make South Carolina cotton distinctive in all the markets of the 1 world. ? IV. They shall have the power to ap-, point as many inspectors as may be neces-'1 sary to see that the ginneries are kept up ;' to the proper degree of efficiency, whether j' they be private or public gins; that proper ' bagging and ties are being used; that there is no false packing or excess tare be- 1 ing used, and any other duties found nec- J' essary to carry out the purposes of this I act. V. It shall be the duty of this commis sion to establish by lease, purchase or building as many warehouses as may be found necessary to properly store and to gradually market the cotton crop of this j State, and to appoint managers and such , other employees as may be found neces- , sary w nanuie tue uusiness 111 an economi cal but thoroughly efficient manner. ( VI. It shall be the duty of the said com- ( mission to receive for storage all lint cot- j ton properly baled and issue its receipt, , serially numbered, clearly setting forth , the weight, grade and length of staple, so , as to be ablo to deliver the identical bale j on surrender of the receipt for the same, j and recoipt to bo transferred only by , written assignment and the cotton which j it represents delivered only upon the pro- ( duction of the receipt, which is to be mark ed "Cancelled" when the cotton is taken from the warehouse. And the Stato of South Carolina, in the exercise of her po lice powers, will carry out the provisions herein set forth. VII. The inspection tags hereinafter provided for, and the warehouse receipts above named, shall be so designed that the brand "South Carolina" will be unmis takable, the Palmetto tree, with a bale of cotton lying at its roots, and the shield of the State on either side. VIII. To provide for the establishment and maintenance of tins system an inspec tion lee shall be paid of '25c, per bale on all i short staple cotton, 50c. per bale on all extra staple cotton, $1.00 per bale on all sea island cotton grown or ofTerred for sale in the State. Evidence of the payment of the fees V. Cj In Snmpfhinr You YOU will load your wagon thousands hard-running. Whether loaded ' half to two-thirds what it is on lotice the large illustration of the rol light draft and long life ever put on ai lift DAVE ROLLER-BEAE WACK every food qnallty you get In any \ and durabilty. It is guaranteed to c^rrj oiled Into its strongest forms and trussed like'ab >ng round spokes forged solidly into the hubs and h : loose. No tires to set; no breakdowns; no repai At 1FFTIMF ?ne Davenport Is all: UT 1_J M. MJXmSj ?rulr.A Ihf. umr, OME TO! 1- fi above stated shall be by an inspection tag setting forth the weight, grade and-length or stapi^ 01 eacn oaie 01 cotton unaer reg ulations to be provided by the commis sion. 9. In fixing the charges for handling and storing cotton the said commission shall bear in mind that It Is the purpose of < this act to" establish a system whleh shall be self-sustaining, and provide the facilities to market the cotton crop of this State at a minimum of cost to the pro ducer. ' 10. The Inspection fees provided In this act shall begin on July 1, 1912, and shall then apply to all cotton carried over from the old crop or new cotton coming In. 11. By reason of the fact that the cot ton crop now matures so much earlier when the cotton year was fixed from Sep tember 1 to August 31, the cotton year tin der this system Is hereby declared-io be from July 1 to June 30 of each year. 12. The commission shall make annual reports to the general assembly. 18. Th? commission shall give bond to the State of South Carolina In the sum of S50,000 each, conditioned for the faithful performance of their duties. .And shall require good and sufficient bonds of all employes in such amounts as they may deem necessary to protect the public in terests, and shall keep fully insured all warehouses and all cotton or other com modities on storage in the same. 14. To encourage a diversified agricul ture the commission are directed to utilize the said warehouse for the storage of corn, hay, oats, peas and other nonperish able farm products put up in commercial packages during such times as there may I be room, and on such term6 as will cover I cost of insurance and storage. j 15. The said commission are hereby authorized and empowered to make such rules and regulations as they may deem , necessary to carry out the intent and pur poses of this act, not inconsistent with the provisions hereinbefore specifically set forth. 16. The salaries of the commission are hereby fixed at $5,000 each per annum, payable monthly, and transportation , when in discharge of their duties, with actual hotel bills when away from tholr home6 on duties connected with their office. And they shall fix the salaries of all employes with a view to economic but efficient son-Ice. 17. All moneys collected under the pro visions of this act shall be turned into the State treasury monthly, and shall be held k.. ?..nno?nni. /. ? f,,-wl Ujf urn oLaio ucaouioi as a oc^aiaLc luxiu for the purposes of this act. All warrants for salaries and other expenses provided for in this act shall be accompanied by itemized vouchers and approved by the commission and the comptroller general, before payment by the State treasurer. 18. To put this act into immediate of [ect, the sum of $50,000 be, and the same is, hereby appropriated out of any money in the State treasury not otherwise appro, priated. 19. All acts and parts of acts inconsis tent with this act be, and the same are, hereby repealed. ASKS FOR RECEIVER a vv\ a :\rrriv/i ajjw ruiv avvvi;hii^u J. Frank Clinkscales, Esq., attorney for plaintiff, appeared before Chief Justice Gary at chambsrs last Friday and secured a temporary injunction in the case of H. Weinraub against Nathan and Samuel Uohnno. The suit is for $424.38 and for the appointment of a receiver and an account ing, the complaint alleging that defend ants failed to carry out an agreement to sell goods 011 commission. The motion for a permanent injunction restraining de fendants from selling any more of plain tiff's goods and from collecting any more 1 accounts for goods already sold will be ncara Derore Lnier Justice uary today at chambers. Auto Sales. Among sales of automobiles for the past week at e the following, made by J. W. Mfc Keo, Jr.: Mr. J. F. Clinkscales, an E. M. F. Mr. W. G. Chapman, an E. M. F. Mr. J. M. Bell, a 5-passenger ford. A. S. Jone9, of the Lee Pharmacy, 1 C'bico, L'al., who has handled Foley & J Co.'s medicines for many years, says : "I consider that Foley's Honey and Tar Compound has no equal, and is the one cough medicine I can recom mend as containing no narcotics or other harmful properties." The gen uine in a yellow package. McMurray Drug Co. j _ Slv: I for Your H Buy Your W; of times?that means thousands of uneccc heavy or light, the draft on a Dayenport other wagons. Is it not worth while t< ler bearings. It is found only on the-Da^ ly wagon. But that is not all. You get, __ yflK<lffc> ;nport UNG STEEL m vagon. It !s the wagon of strength > 50WJ lbs. on any road. Its gears are ridge. It combines lightness and strength. The lot-riveted in the tires. There's nothing to dry a irs. Has the automobilo hub. Oil without reinov srou will ever need buy. It will give you twice th den wagon. SEES U, RJ^uki touch with the Up Country.' - Great demand for graduates. Let us pre pare you for an inde pendent carter. We teach everything in commercial branches. Address Spartanburg, or Anderson, S. C. Insure Yc * * J and F This is the season o too much green food and stock. The premium is' used for farming purpose gy animals. We insure( WRITE OR Abbeville Insura J. E. McDAV] SCHOOL Tablets ' In General Schc Speed's Di BurC We are overstocked rial and are maki: make room for oth< in every day CALL TO f The Lumbt k. M. HILL & Our Motto: Fresh shipment of Gi day. Ring 126 a: our Groceries are w Eeadquarters for Whi ton's Teas, Ferris E Everything Sold Under A. M. HILL ' " v ' >,'yV'. - ^ npm Cilvl . V -, $ orses When nfrAis ayvu sssary pulls for your team If the wagon I* : Roller-Bearing Steel Wagon fs only a o consider your horses when you buy? /enport and it is the greatest feature for , ia >. figure now many im? sand- horsepower fbew W . roller bearings wfB mv? yon cadi year.. h uiuuiu ui luieuue tiuuenuK iu ujnuy people. Foley's Honey and Tar Com pound gives prompt ease and relief, and is boothing and healing to the in flamed membranes. Wm. M. Mere thew, N. Searsport, Me., says: "A, few doses of Foley's Honey and Tar Compound relieved me of a severe at tack of asthma and less than a bottle caused a complete cure." Refuse sub Htitutes. McMurray Drug Co. >ur lorses Mules f year when hard work, I bad corn will kill your. <?7 -n^-r 1 HO r>n animals - s, and $6 per $100 on bug 1 27 head last few days. PHONE US nee & Trust Co. [D, Secretary. BOOKS Pencils k lol Supplies. ug Store. heap! . t I on Building Mate ng good prices to 3r material coming ,N ' if SEE US. 1 PI A I * n M. 1 u i? I ?r People nnivrp a nv THE BEST roceries arriving each ad be convinced that, hat we claim for them. te House Coffee, Lip Cams. an Absolute Guarantee COMPANY.