Historical Newspapers of South Carolina

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Doyou know you can roll 50 flood qgarettesfor lOcts from one bag of u GENUINE BuuTDurham TOBACCO ARGENTINA WHEAT FUTURES DROP 30 CENTS A BUSHEL Tremendous Speculative Turnover Equal To 2,000,000 Bushels A Day?-Feeling Against Chi cago Board Is Shown Buenos Aires, Feb. 5.?Wheat fu tures have broken severely in th^ ' Belsa de Commercio here during the past week, prices falling the equiva lent of 30 cents per bushel on a tre mendous speculative .turnover equal 2,000,000 bushels per day. It is asserted that Argentina is begin ning its great annual crop move went with a surplus for exportation estimated at 3,500,000 tons of * *- "-! ? ILt- ..n.tm in a wneai ana ma* t dominating factor gr^in market The decision of the Chicago Board of Trade on Wednesday to discontinue the posting of Argen tine grain quotations Is character ized by members of the Bolsa as equivalent to an "ostrich hiding his head in the sand." Many prominent members agreed today it was impos sible for the Chicago board to ignor nore Argentine quotations and if it refused to post hem officially grain firms ni the United States would be compelled to obtain the figures on ' Itheir own initiative. Reference made on Wednesday by J. P. Griffin, president of the Chica . go board to the alleged fact that Argentina quotations aia not intel ligently reflect the supply arid de mand situation" resulted today in local speculators bringing forward North American statistics showing the world's wheat production ex H ceeds consumption requirements by 170,000,000 (bushels. These figures :,"M tjrere cited to prove the recent fall of prices both here and in Chicago, i> was in obedience to economic laws. Depend On Exports It was pointed out that a domes tic consumption in Argentine prices 1 must be governed to a gerat extent | by exoprt demand. European buy- j [i'v era at present refuse to enter the' market here, chiefly It Is said be cause of the uncertainty as to WhofVio-r the Argentine trnvern- I ment will re impose the export sur-j tax on wheat which expired on De-j cember 31. Such action was intimat-1 ed recently in government sources,' and this, with the lateness of the i crop and the heavy yield, is said to, have caused the break in futures. Assertion is made in authoritative; quarters that in such a Wg market and with such a large crop being moved it is impossible for any group of firms'to dominate quotations, as! was charged in the statement issued in Chicago on Wednesday. It is add-i ed that prices of wheat here repre sent the true situation. Brokers on the Bolsa today greeted with ironic cheers and jeers the arrival of Chi oacrn mintn+.ioris shnwinc hie de clines. I A grain trade committee today called on President Irigoyen, asking him for a definite declaration re garding the export surtax. The President replied that if the trade could agree on a minimum price which would safeguard the interests of farmers, "the government would study a solution tending to satisfy all interests/' The supreme court of the state of Washington, has upheld the award of the state welfare board fixing the minimum wage for women em ployes in hotels and restaurants at $18 a week. It is said that this is the forerunner of a movement to raise the present average minimum wage of all women workers. COMPLETE COUNT OF UNCLE SAM'S CASH JUST MADE Washington, Feb. 5.?A complete count of the government's cash has just been made for the first time in twelve years. The total approxima ted thirteen billion five hundred mil lion dollars and included all cash and securities held as reserves against currency outstanding. The count was made by a special committee of three assisted by eight accountants and by fifteen laborers who were used to move around the heavy sacks of gold and silver. The men delved into great vaults in the Treasury building and took stock of onld silver and Daner monev and se curities, many of which had not seen the light of day since shortly after William Howard Taft was in augurated President and a new treausry of the United States ap pointed in 1909. The accountants In entering the vaults passed grim-visage guards who day and night "sit on the lid" to prevent any possible attempts at an unauthorized raid on the Treas ury. The vaults themselves are sup posed to be burglar proof and are of massive concrete and steel construe- i . tion. The storage sections are kept j under seal and this was the first I time that some of them had been opened in twelve years for when John Burke became treasurer after President Wilson was first inaugu rated he accepted the count of cash in the storage sections which had not been opened since the previous count in 1909. The accountants handled money of every possible denomination from the lowly copper to $10,000 those of the large denominations, such as $1,000,' were in sheets of four each and held as reserve against currency of smaller denomi nations in circulation. Thousand dollar bills in circulation are few and each bank in the country is kept supplied with the Treasury with a list of them with their num bers so that if perchance any are extracted from the Treasury the holder will have extreme "difficulty in realizing on them. Gold coins stored in the vaults were counted bv weie-ht. The eold is kept in sacks, sealed with the treas urer's wax seal and containing $5, &00 each, weighing about 18 pounds and 7 ounces. First one sack was weighed and then the others were examined. If both the seal and covering were found intact they were weighed against the first or test sack and if broken or the sack torn or were passed and counted. However, if there were appreciable difference in weight the contents were counted by the piece. Standard silver dollars were counted in the same way as the gold coin. They are stored in sacks con mining i,uuu anu weigmng uu pounds. Work on the silver coin was lessened officials said, by the gov ernment's melting 100,000,000 sil ver dollars under the Pittman Act for sale to the British government to relieve the silver famine in India during the war. Paper money is stored in paper packages making a cuibe of about 7 1-2 inches each way and c stain ing 4,000. On each package is stamped the amount and the de nomination of the notes inclosed. A wax seal is attached. Except where a broken seal or package necessita ted an actual count of the contents the paper, in the vaults was counted by the package. ^ Sealed packages of paper money are accepted from the bureau of en graving and printing as correct when the wrappings are intact be cause the issue division of the Trea sury maintains an office in the bu reau and in reality c/ounts all the paper money before it leaves the bureau. Coins of smaller denominations?r quarters, dimes nickles and coppers ?stored in sacks were counted in the same manner as the silver and gold by taking the weight of a test sack for each denomination and weighing the other sacks against it. Upon completion of the count the storage compartments of the vaults , were sealed with the seal of the special committee and a receipt was given to Mr. Burke the retiring treasurer by Guy E. Allen his suc cessor for the cash and securities of the government held in the treas ury. When he signed the receipt the acting treasury became p.-rsonally responsible for the safekeeping of all the cash and securities in the building. BIG TOURIST HOTEL IS BURNED IN AUGUSTA Augusta, Ga., Feb. 4.?The Bon Air hotel, one of the largest tourist hostelries in the 'South, was totally destroyed early this morning by fire of undetermined origin which was discovered at 2:30 o'clock. Loss, in cluding personal belongings of guests, is unofficially placed at $1, 000,000. None of the 260 guests were injured, being awakened by a nightclerk shortly after the fire was discovered. Many were carried to safety by the firemen. In recent years the hotel had been the winter home of ex-President William H. Taft. jonn vt itocKe feller, Nathan Strauss and many other notables. The structure was erected in 1889, and was . owned by local stockholders. The building was valued at about $800,000 and is un derstood to have been fully covered iby insurance. The guests, with such personal property as they were able to save, spent the rest of the night at other hotels or at homes in the winter colony. Several guests who were ill were carried to hospitals. ( Plans for rebuilding are already under way. i Lota To Gueata A few of the guests took time to, gather up their clothing and other possessions, but a large number | made their exit without saving a j thing. Some were scantily clad.1 Homes in the winter colony includ ing that of Nathan Strauss, were thrown open to them. Mr. Strauss stated today that he stood ready to aid financially in the immediate rebuilding of the Bon Air * A J olrrt if lUo upon a scaie mai wuuiu mane ? ?uv finest tourist resort in the South. The firemen' were handicapped by ineffective pressure, due to the alti tude of the hotel which was nearly on a level with that of the reservoir. J. C. White, formerly lord mayor of Belfast Ireland and Mrs. White, were among the guests. Other Buildings Endangered When the fire broke out there was little wind and the flames leaped high into . the air, illuminating streets for blocks around. At the height of the fire a light shower be gan falling and lasted < for several minutes, followed by a brisk breeze which endangered a nearby hotel and other residences. A few of the aruests saved their trunks, others brought out suit cases while many of them threw their valuable out of the windows where they were lost In the debris. The guests, generally were reluc tant to discuss the fire or their loss es but the loss of some were evident because'of their scant attire. One woman whose ^name could not be learned, stood on the lawn hair dishevelled and weeping when ask ed regarding her loss exclaimed: "I've lost everything?everything. God only knows how I came out with my life." Judge and Mrs. Robert S. Lovett, of New York, were among the guests. F. C. Kinkead, purchasing agent of the R. G. Dunn and Company an other guest succeeded in saving only a pair of trousers and an overcoat, which he wore over his night clothes. Frank A. Lawrence, New York and M. T. King, St. Johnsburg, Vt., guests at the hotel, both ill with pneumonia, were removed to a lo cal hospital where they are report ed to be resting well and apparently suffered no ill effects from the ex posure. i f Several others were taken to hos pitals soon after the fire was dis covered but are reported- to have left there later in the day for other hotels or private homes in the city. * t*rr?ini Avrn to,uuu uncmri.u i ?.u AT COPENHAGEN Copenhagen, Feb. 3.?A proces sion of he unemployed estimated to number 48,000, acrrying flags, left the city hall square here at 1 o'clock this afternoon, marching toward the parliament buildings and the King's palace, demanding work. FELL SIXTEEN STORIES LITTLE FINGER SPRAINED New York, Feb. 4.?Nathan Co hen, structural iron worker, who plunged from the top of a new six teen story building in Broadway yesterday, reported for work this morning. His fall through space was brok en by a heavy canvas debris re ceptacle, stretched from the fifth tier. His little finger was sprained. j AMOUNT OF WINE FOR THE SICK IS ENTIRELY IN HANDS OF DOCTOR Washington, Feb. 5.?The amount of hard liquor a sick man may ac quire legally is definitely fixed by statute but the only limit to the a mount of wine he may obtain is the "sound and honest" judgment of his physician and perhaps the depth of his purse. Prohibition Commissioner Kram er, in a formal announcement today says there seemed to be some con fusion as to the quantity of wine that a physician may prescribe. To clear up all doubts he lays' down this rule: "Until further orders physicians may prescribe in their practice such quantities of wine as they ,in the exercise of their sound and honest judgment deem necessary in the particular case if they in good faith believe that in the use. of wine as a medicine by the person for whom it is prescribed is necessary and will nffiirrl rplipf +.0 him for sormp known ailment," Mr. Kremer warned that physi cians should "use extraordinary care" not to abuse "the right given them," and state directors ware told "to guard this matter most care fully to the effect that the said pri vilege be not abused fty any physi cians." , WAR ON SMUGGLING LIQUOR BY 'PLANE ?i i Chicago, Feb. 3.?Frank I). Rich ardson, regional prohibition en-1 forcement director, will arrive in Detroit, M:ich., by hi? agents against' liquor smugglers who are getting whiskey into the United States frpm fln-indfl hv nimlane. boat and auto- ! mobile he declared. iMr. Richardson said that the or-1 der from Washintgon limiting: drug gists Withdrawals of whiskey from warehouses to five cases practically stops alleged bootlegging from that source. His attention will be direct- ; ed now, he said, toward Canadian' rum running, which he considers a menace to this district. ! PEOPLE OF OUR TOWN The Candidate is around Mltting the Voter, who Is Receiving Gobs of At- ! tentlon for a Change. After Election i he Will Tell the Voter Go Take a Gal lop for Himself, but Right Now the ; Candidate will Promise Anything. We'd : Hate to be a Candidate and Promise Things We Couldn't Delifer. ! j Hold Your Cotton FOR :: HIGHER :: PRICES Conservative'! Loans Made on Cotton Consigned to us. 9 AJt D WATCAM JP_ CTi XVI. U. YV n 1 UC W. Cotton Factors and Brokers Greenville, S. Carolina GRAND OPERA HOUSE ===== ABBEVILLE QlOKEoWCHT JULY CD ussaaf LE. ^ /\ rrn 111 Thursday; mb. i v Tickets MUST bo Paid For at Tint Reservations Are Made i symphony, ORCHESTRA ORIGINAL* ONLY ROAD COMPANKdirect FROM it'S LONG RUN A/ aaaima ti inirnr V/klp\.i vADI/ ,wci;fl3|nu IHtMlKt, ^iiilw /vrxrxjj Company of Half Hundred which Includes a Notable Cast, Won. derful Chorus of Pretty Girls in Hand Painted Creation Gowns,' the Pa^gie Dale Company, Society Dancers Supreme, and the My Golden Girl Augmented Orchestra. Best Acted and Most Delightful Musical Comedy Seen In'Years. One Attraction Cou Can't Afford To Miss. Prinfls: -Ralnonv 83c: $1.10: S1.65. Orchestra $2.20 - 4 , Seats on Sale at Hhe Box Office Now. 1 When a Fellow's Strong and Well .And the world seems his to conquer, it's pretty 'hard to work up any real concern over the future. But assuredly it deserves some serious thought? for no one can afford to forget that youth is the ac cepted time of preparation for old age. The man who consistently builds up a savings fund forestalls dependence in later years. This institution welcomes the young people s ac counts. INTEREST PAID ON SAVINGS. Planters Bank "The Friendly Bank" ABBEVILLE, S. C. The Home of Over 1000 Bank Accounts.