The Abbeville press and banner. (Abbeville, S.C.) 1869-1924, February 23, 1916, Page PAGE EIGHT, Image 8

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11 We beg to j| ness in the S j share of yt f Be I, JJEW STATE BONDS SOLD AT PREMIUM "The bid of a syndicate headed by she Palmetto National bank of Col umbia for the issue of approximately $4,800,000 of State bonds was accepted yesterday by the sinking fund commission. The bonds are issued under the refunding act which was passed at the 1912 session of the legislature to take the place of the brown consol bonds and will bear interest at the rate of 4 per cent. The ; syndicate paid a premium of $20,016 for the issue. immediately after the meeting of ' the commission the following statement was issued: AiAt a meeting of the sinking fund commission, held at noon today, the tissue of approximately $4,800,U00 of --'4 jper cent, bonds was awarded to a isndicate composed of the Palmetto a iMafc'anal bank of Columbia, Stacy & I Braun, New York, the Mercantile ' Trust & Deposit company, Baltimore, and Townsend, Scott & Son of Baltijnore, whose bid was $100,417 for each $100 par value of the bonds ^(equivalent to par and a premium of '"120,016). and accrued interest to F*?sruary 16, 1916, the date of their bid, with the proviso that in no event will the State receive less than par . -and all accrued interest to date of . delivery. "There were two other bids submitted for the entire issue of the j bonds. One by a syndicate composed of W- E. Compton company of New York, _E. H. Rollins & Sons of Bos . ton and A. B. Leach & Co. of New York, and one by the Guaranty Trust company of New York and Harris,; Forbes & Co., of New York. "There were 14 bids received for j fractional amounts of the issue. "While the commission was em-1 powered, under the act of 1912, to 4)ay a commission of $20,000, if so much be necessary, to place the i kbonds, it was not found necessary, and no commission whatever was al- , lowed. "The motion to accept the bid was .passed unanimously, the following ,ipresent and voting: Gov. Manning, ; Attorney General Peeples, ComptrolJer <General Sawyer, State Treasurer onH Phairmjin T.iles of the . ways and means committee. "The sale of the bonds attracted <juite a crowd of bond experts from different sections of the country. Among those in attendance at the ! meeting were: C. L. Stacy, G C Han. nahs, C. F. Batchelder, W A Comp? ton and W. H. Hoyt of New York j - city, W. T. Henning and F. G. Boyce, Jr., of Baltimore, H. A. Ensign of Raleigh, Henry Schachte and R. G. Hhett of Charleston and W. S. Glenn v_of Spartanburg." ? j WTKIE MERIWETHER HONORED BY STATE Special to The State. North Augusta, Feb. 16.?With im- , pressive ceremonies the monument to the memory of McKie Meriwether, ; srected by the State of South Caroiina, was unveiled in North Augusta j . this afternoon. The exercises were I .held in the high school building. The orator of the day was Col. D. S. Henderson of Aiken. The speaker ; is the sole surviving member of coun-j oel for the men charged with riot and murder following the famous clash of races at Hamburg in which McKie Meriwether lost his life. Col. Henderson's subject was "The White Man's Revolution in South j Carolina." He told of the events leading to the uprising of white people at Hamburg in July 1876 and how .McKie Meriwether was the first man to lose his life in the uprising which drove the carpetbagger and bummer out of South Carolina and established white rule. xiie presiding office:- of the day was * ex-Gov. John C. Sheppard of Edgefield. The monument was presented l-j the town of North Augusta in beJialf of the general assembly by Senator B. E. Nicholson of Edgefield. It A/as accepted by Mayor B. C. Wall. The general assembly of South 'Carolina was represented by Senators Nicholson, Williams and Nickles and Representatives Brigham, Wiliiams and Toole. They were met and escorted by a committee of North Augusta citizens consisting of E. J. Williams, James R. League, J. Carev Lamar, James U. Jackson, Dr A A. Walden, J. C. Whatley, T. L. Foreman, E. N. Brigham, E. W. ' IVviIh, Henry Getzen. Dr. J. E. Mealis. 'ng, J. L. Barksdale. The ceremony was opened with prayer by the Rev. M. Ashby Jones. The appropriation for the Meriwether monument was made by the legislature after earnest efforts by the late James P. DeLaughter, representative from Edgefield. The fund rvas augmented by contributions of admiring friends. An announce to the : old stand of C. A our patronage. Dr >wden ifiifiifiifiififfitfiifiifitfiiJitfitfiifi! I MANNING IS PLEASED. L ( Gov. Manning last night made the > l following statement in reference to | the action of the sinking fund commission in the sale of the brown consol bonds. He is chairman of the sinking fund commission. "As the governor of the State, and "" as a business man and taxpayer, I am very much gratified that the sinking fund commission has been able to make such an advantageous sale of the bonds, the proceeds of which are to be used for the redemption of the brown consol bonds and stocks, approximating $4,800,000, and saving to the taxpayers of South Carolina imrvrnvimatelv ?24.000 per year, ????** ' rr* v -r?, in audition to placing about $1,500,000 on the tax books, that has been exempt from taxation in the past. "The bid accepted provides for the payment, at par and accrued interest to date, and in addition to this, a premium of $20,016. The new bonds M bear 4 per cent, interest, whereas I the old bonds to be redeemed by " these new ones bore 4 1-2 per cent, interest. ? "The act of 1912 authorizing this action of the sinking fund commission. authorzed the sinking fund commission to offer and pay a commission to parties placing said bonds and _ stocks, of not exceeding $20,000. The sinking fund commission has not paid or promised to pay, one dollar as commission on this transaction. This cavino* r?f $20,000. In id anuvit^i CM* ?>t& T other words, the action of the sinking " fund commission, by a unanimous g vote, will save the taxpayers $20,000 ^ authorized for commissions, approximately $'24,000 per year for interest, and will place $1,500,000 on the tax books. This, to my mind, is a splendid service to the State, and clearly shows that the credit of old j South Carolina is still good in the | money markets of the world." A D G 7EGGMAN CAUGHT WHILE ? TRYING TO ROB SAFE D y< On a charge of housebreaking and S larceny, A. L. Williams, the yeggman who was caught while attempting to rob tjie safe of the Habenicht-Mc- ? Dougal Co., early Wednesday morn- _ ing, was on Thursday morning given ? a preliminary hearing before Police 1 Recorder William P. Etchison, and B held for trial at* the next term of I court of general sessions for Rich- I land county . Three crimes are in volved in the charge?the entering and robbing of the Kenny and Bruns I & Little stores and the Habenicht- E McDougal store where he was caught. Williams was surrounded by 18 po- I licemen and nabbed before he had H succeeded in cutting his way through fl the inner walls of the safe which he I had nushed from the office in the | main building to the annex in the rear which was used as a machine and repair shop. The recorder placed Williams' bond at $2,000; one-half that sum being for his appearance for trial on a charge of entering the sporting goods store of Habenicht-McMougal Co., \nd $500 in each of the other two cases. When he was arraigned, Williams' was informed by the recorder that no statement would be required of him it the preliminary and the man with bowed head said in a quiet way that he had nothing to say except that he would not have been guilty of the crimes had he not been drinking at the time. _ Chief of Police Richardson is con- ? tinumg his investigation of Williams' & past, having received some clues \ which he declined to divulge at this ' time, showing certain places where r Williams had stayed before coming i to Columbia a few days ago. Chief ? Richardson said that the indications J are that the prisoner's story of a wife J and two children was correct as cer- r - ' x- ii.. m tain information naa come u> uic feet that the members of the family J were living in Asheville. i Asked whether he had been able to ? find out where Williams had obtain- t ed the $168 found on him, Chief ^ Richardson said he did not deem it 4 advisable to discuss the matter at ^ this time; but he intimated that he i had succeeded in developing definite \ information concerning the prisoner f I and some of his movements in tne S ! recent past. 4 i The sensational arrest of Williams a : while engaged in the third of a series X i of crimes in a few minutes of one ^ [another was the talk of the city yes- J I terday and every available detail of J | the case was followed with interest? r I Columbia Record. \ t A student of human nature says d I that many a man becomes a loafer ^ I because he is too light for heavy 4 Jwork and too heavy for light work. ? LCCLCLCLCLELCLCLCLCLCLCLC Tlrl JIJIJ MIJ LJ LI LI IJ IJI31 noun people of Abbe . Milford & Co. . Geo. Penney u i-Sim d LECLCLCLCLCLCUCIELCICIELC 7TH JIJIJIJIJ UIJ UIJ1JI ji SRAND OP Pebru The Treat o Price & Greater New Song, Dance )ne Night Only, Big Parai n AP p# prices zo, si Seats on Sale at M CHICHESTER SPILLS DIAMOND BRAND s"^lZ life. p ^ LADIES I sic your UriKtUt for CHT-CHES-TER S A iamond brand PILLS In Red and/j\ old metallic boxes, scaled with BluetO) ibbon. Taeo no oracu. Bnrofyoiir^V J 1- r MIT.riTPfLTKII a V m^lSl Huu ivr - ?? ? IA M o >" D BRAN D PILLS, for twenty-five rars regarded as Best,Safest, Always Reliable. OLD BY ALL DRUGGISTS time clfprywu prc worth tried twcn i nntnt tested Every Form WR1 Money to lend < Estate in amoui to $5,000.00. tn *11.1 ADDeviiieinsur w. L. PEEI PROLONG LI HUTS A Harmless Veg with no Inji DOES AWAY WITH Grimsby's Liv-\ Recommended I %%%%%%%%%%"%%%%% i f pi BBB pipi rip"*1 B El eu !J IJIJIJIJIJIJLJIJIJIJIJIJD iceme ville county that i , We have Mlec rill he in charge ol Dsonl WL ERA HOUSE ary 24 f The Season Bonelli's York Minstrels and Laughter , February 24th lie at Noon I, and 75 Cents cMurray's Drug Store of Insurance [01 Dn Improved Real its from $1,000.00 ance&TrustCo. JLES, Manager } FE BY USING t L1VVE1-LAX1 ;etable Compound * urious Effects. i ! the USE of CALOMEL t ~ * ? .-? 0 er-Lax ??>oitt anci ? by All Drug-gists ? iiffitfiffiWifiifisyRifiywifiy nt! oe have opened i I in our stock ai ' the prescription < )rug( itfitfiifitfitfiaifitfitfiifitfitfitfi! TELLS WHY U. S. CHOSE CARRANZA Washington, Feb. 17.?The Senate this afternoon received from the State Department all its data on the Mexican situation. The communica? ? * ' ? _ uon win De pnniea m uie puuuc record. The data was contained in a letter from Secretary Lansing to the President, which he inclosed. It showed that a total of 165 Americans lost their lives in Mexico or on the border from 1910 to 1915. Seventy-six of these were killed in Mexico from 1912 to 1915, not including 26 civilians and 16 soldiers killed on the American side of the border during the same period. The documents relating to correspondence between the Brazilian Min ister to the State Department and A mrt Avi/Ion AAnGlllor Affipifllc and the Department, which were specifically asked for in the Fall resolution, were suppressed as "being incompatible with the public interest." "It can not be said that the de facto government in Mexico is a constitutional government," says Secretary Lansing's letter. "It is, as are most revolutionary governments, military in character." Explaining this Government's recognition of Carranza, the letter sets out there "was no central organization" in the Villa forces. The loyalty of the Carranzistas to their cause, it was declared, indicated ultimate I triumph. Conditions in Mexico are now rap| idly becoming normal, according to I the letter. Secretary Lansing declared that he had information that the European governments will recognize the Carranza government. The President's letter accompanying the matter was read in the Senate. It simply indorsed Secretary Lansing's statements. Senator Stone then moved that the entire matter be printed as a public record. Senator Fall criticised the documents submitted by the White House. "This is a lot of inconsequential stuff calculated to scatter the fire of those who would criticise the President's Mexican policy," he said. "It was about what I expected. I did not think the Administration had the , nerve to make public the commumcai tions passing between the State Dei partment and the Brazilian Minister, i The Administration is evidently try| ing to create the impression that conditions are normal in Mexico." LOOKING ON THE BRIGHT SIDE. "If we noticed little pleasures as we notice little pains, If we quite forgot our losses and remembered all our gains, If we looked for peoples' virtues, and refused their faults to see, What a comfortable, happy, cheerful place this world would be." ?Selected, i SOUTHERN RAILWAY SCHEDULE Arrival and departure on trains effective January 23, 1916. Schedule figures published only as information. Not Guaranteed. ABBEVILLE, S. U. No. Arrive From: 109 Charleston-Greenville 11:20 am 113 Charleston-Columbia 5:10 pm 115 Greenville-Belton 8:02 pm No. Depart For: 108 Charleston-Greenville 9:55 am 112 Belton-Greenville 3:45 pm 114 Columbia-Charleston 6:35 pm Trains 109 and 114 connect at Hodges with Pullman sleeping car line for and from Columbia and Chaileston. For complete information call on Ticket Agent or address: W. R. TABER, TPA., Greenville, S. C. EXCURSION FARES VIA SOUTHERN RAILWAY. Premier Carrier of the South. From Abbeville S. C., $33.10 Detroit, Mich., and return. Tickets on sale Feb. nnal limit March 2nd, 1916. ! $19.85 New Orleans, La., and return. I $15.65 Mobile, Ala., and return. I $15.00 Pensacola, Fla., and return. I Account Mardi Gras Ce'ebration Tickets on sale Feb. 28 to March 6, 1916, final limit March 17, 1910, unless extended. Call on Ticket Agents fnt- tickefs and information. W. R. Taber, T P A. Greenville, S. C. B. F. Swetenbeir. Agent, Abbeville, S. C. t HHiuafimimfiKiax f ip for busi- \\ id invite a ij > iepartmen t I j ^ !j -O. ,|" !l S2.00 ^raiKo=(Jerman Rrta CUR65 RI.eUHATlSJW. NBUBALUIA. SCMc ^ TKA. AND KINOBSb JUBAiEA. Mooer Rtfuodtd If II ftlllj v ro* ULl AMD auANANTIVO ?T It. KIKKWOOD, New Jeweler. BR.W, E. McCORD ' .... DENTIST .... over Dr. Speed's Drug Store Office Phone 242. Abbeville, S. 0 Ab oeville-Green wo od MUTUAL rnmrn ASSOCIATION. Property Insured, $1,890,000. September 1, 1915. KIT TO UK CAXi' on the undersigned ?? or tbe Director of yonr Township foi any information yon mi>y deelre abo t oar plan of Insurance. We Insure roar property against deatrne '.ion hv FI&E. WIVDSTO&H OS UlSTM, inu do so cheaper tb?n way lnsur?noe OomIn eTlRtAre?. Dwellings covered with metal roofs are Insured tor 25 per centcbeapo <bxn other property. Remember we are prepared to proTt to yon ??*?? m la 4ka aa/a>4 nntfl ith?Wiif 1>Un g%t (nirannoe known. , J. B. BLAKE. Gen. Agent Abbeville, 8. 0. r. FRASER LYON, Pres. Abbeville, S. 0. J' (4. M?Greenwood M - v-k-v ? Cokeabury C. H. Dodson Donalds r. p.. bi ib Dne West w w. L. Keller Long Cane T.A. Kollnr _J3mltbvlIle D. A. WardlRW Cedar^prlne ^ w. w. Bredloy Abbeville 1 n. 1 A A A ntMQlIU I P. h Role* Lowndesvl'lln r> , Woynnll* \V. D. Morrah Calhoun Mills > Y Murruii Bordeanx B. I.. Kasor Wainnt Grove w. a Nlcklpg ...................Hodgea M. G. Howie* Coronac? D.P Hattl wnger...~ Ninety-Six ' " " Klnards " " Kel'owshln Jo? Dh Lak? PbdBD'x J. W. Smith Verd?ry .T. M.PhliAs Bradley T ' r"" Troy T. K. Moseley Ye dell E B. Bell Allison " " ?.??.M.KIrksej-H Abbeville, S. C., June 1, 1915. MAXWELL'S MARKET T. H. MAXWELL, Proprietor ALL PORK SAUSAGE SMALL HAMS, ROAST PIG, FRESH FISH and OYSTERS Highest Cash Prices Paid tor Cattle, Hogs a*ul Sheep, Green Salted Hides. PHONE 298 | Maxwell's Market