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