Historical Newspapers of South Carolina

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Established li>44. r, THK i-KESS*AND BANNER ag ABBEVILLE, S. C. P] ??- QQ The Press and Banner Company Published Tri-Weekly C Monday, Wednesday and Friday. ^ J ^ Entered as second-class matter at ^ st office in Abbeville, S. C. Terms of Subscription: . 0*e Year $2.00 Sp Six Months $1.00 Three Months .50 fu ~t- . mT r?VT AMERICAN PRESS ASSUUAiiw, i .IP0 Foreign Advertising Representative to MONDAY, OCTOBER 30, 1922 tr ? to THE PRESIDENT ON DEFLATION th ft * ar "The national fiscal policy has ty been directed to arrest the too rapid deflation which had set in, and to a* this end there has been a progres- co sive reduction of the Federal Reserve discount rate. As a result of le these policies, liberty bonds have m progressively risen in value. The gen- he eral financial situation has steadily th improved, and today the country th has a brighter prospect ahead of its to business, industry and agriculture 6u than at any time since the mistaken jwi program of drastic deflation adopt- J tii ed by those who* were then in control th of Government policies."?Extract sh from President Harding's letter to a 'v - Congressman Mondell. cu &L * u / ' 'Dr Printing this, and commenting on p it, the Baltimore Manufacturers' Record has this:, *n "A more vigorous statement a gainst the drastic deflation of the ' 1 pr Federal Reserve management has < til* hardly been put forth by any one . than this by President Harding. Here j is a confirmation of everything which \ the Manufacturers Record has said ^ on the subject. Though couched in ^ polite language, it is an emphatic re- ^ nunciation of "those who were then ^ in control of Government policies." % S1Z In the light of this statement from go President Harding there is no won- . der that the same issue of the daily papers which published it carried a , ' * toi dispatch from Washington to the effect that Mr. W. P. G. Harding's chances for reappointment ,as Gov- ^ ernor of the- Federal Reserve Board * Pfj H * hav^ gone a^limmering. This dispatch says: "Senatorial opposition to W. P. G. Harding, former Governor of " cm the Federal Reserve Board is believ- ^ ed by close friends of the President . _ to have removed virtually all chanc- ^ es of his reappointment." President Harding could not pos-1 sibly reappoint Governor Harding without stultifying himself after .the ^ vigorous-denunciation he has made Joflo+inn" Krftnoflit UA V*tC WV . A (4W<U UV^MV4W1* * ' \ T5fl about by those who were in charge of . the Federal Reserve System. The progressive reduction of . the Federal Reserve discount rate to which Pres- 8 / * . HO ident Harding refers inevitably ^ brought about a rise in the price ^ of Government bonds, as the Manu- e; *" n \SL facturers Record over and over a- ' \ j]| gsirf paid would be the case if thel^ F8te should be reduced, but ^ the diSGOupt r$t was maintained by the Federal Reserve pard until bil- ^ Jions of these bonds had been fpveed out of the hands of honest holders 1* " who were compelled to realize on them, and until these billions of bonds had been bought in at 15 to 20 per cent below their face value ^,r" Vi o / } 4-VIA rw/vnotr ovoiloKIn k uy VtiVSC v* aw nuu Mtc luviiyj utv?**mv?v or who had credit with Federal Re- an serve banks. Hundred of millions of to dollars were made by the people who yo were favored by the breaking down Sa of Government bonds through the ba action of the Federal Reserve Sys- lit tem; to the loss of honest holders, fin "But Government bonds are only wc one feature of the loss brought on an by deflation. More than $30,000,000- yo 000 worth of value was wiped out of ac farm and mine and factory products mi and securities by the same drastic an policy, which well nigh bankrupted us the universe. President Harding may pi, well take credit for having brought wi aJb?ut a change from drastic defla- tif tion, which was heading the nation pi; to ruin, but even in this he might is have moved a little more rapidly ki than he did, despite the tremendous su power of the big financial interests je to prevent any action until they m wpro readv to reverse the policy, is They are still fighting for the re- vt nomination of W. P. G. Harding, fc but President Harding has now made bl it impossible for him, after his de- sh nunciation of this drastic deflation ej under Governor Harding, to renomi- gi r.ate the same man to that position." "Once more the Manufacturers b< 2Cord's position, in its long fight jainst deflation, is proven by the resident's statement to have been irrect,' adds' the Record. May we > permitted to say, also, that once jain The Chronicle's position therei has likewise been proven to have ten correct.?Augusta Chronicle. COTTON AT 24 CENTS. rings and Co. Cotton Letter. Trade buying of both spot and ture cotton has continued to exmd, forcing shorts to abandon their isitions and bringing into the cotn contract market a number of J aders who have wearied of efforts J encourage speculative un e constructive side of wheat, corn id oats. The advance has practicalcarried from the 20-cent level to I cents, and it is apparently advis>le to go somewhat slowly on new| mmitments. Profit taking when the 23-cent vel was passed was heavy but the arket withstood it well. Further ravy selling was encountered when e list went above 23.50 cents, but e impact was well withstood. Cotn needs no strong arm method to stain it in its new trading zone, but ith the advance a strong speculare following has been created and e next few weeks will undoubtedly ow increasing irregularities. It is trading market with numerous rerring opportunities for moderate ofits and we suggest that our iends keep in close touch with us, order that they may be able to ike the best of the situation. The cotton crop appears to be actically picked, and we estimate at something like 75 per cent of has been ginned. The crop now >ks to be under 10,000,000 bales d at the rate mills are consuming & staple and protecting their fu re requirements the scarcity, which s have persistently forecast all rough this season since first the e of the crop was measurable, is ing to be felt before the next crop seeded. It is difficult to tell how high coti will sell over the next few mths. The price at which consumpn will be checked is difficult to termine, but it is likely it will ave nearer to 30 cents than to 25 tits. In any event the prediction have frequently made, that Deciber will sell at 25 cents before it i comes" the spot month, does not w seem so fanciful as it appeared < many a month ago. A. new short interest has been built . on the advance from 23.50 for cember. Feeling for the top of i > market has become the favorite :upatioh of many traders who have : id rather heavily for their convicns that the advance was entirely > rapid. The market is entitled to ! sizeable reaction and this would t in any way -cause a modification the views so frequently expressed re regarding the trend of cotton lues over the next few months. On 1 recessions we suggest purchase of cember to May contracts, but at ? same time would impress upon 1 r clients the value of keeping in ich with trading opinion and with ; statistical developments as well with the process of mill buying, j, . . | SPEAKING OF O'POSSUM. An OTossum is a very interesting imal if you will stop long enough see what it looks like. One of the , ung men in Arnold's shop had one turdav morning. He held it just ck of the ears, and a study of the tie creature was easy. It has five gers and five toes, I guess you >uld call them. They are very pink d look like a baby's hand. The ung men claim the tracks look extly as if a baby had left a handark in the sand. The tail is long d without any covering, and is ed to hold to a limb. If you will ace your hand on the tail it will rap around your finger and hold jht and looks very much like a g's tail that has been cleaned and ready to roast in the fire at hog lling time. The ears are thin as tisie paper and look like silk, they are t black and tipped with rose. The outh is a beautiful rose color, and long, and full of teeth, which are ?ry short with the exception of ?ur incisors, and the eyes are very ack and shiny like an old fashion toe button. They were mild looking res, too. The fur is black, with a ay cast. After looking into the eyes of this rwildered little animal Saturday, BILL JONES IN ANDERSON Bill Jones left yesterday for An derson where he expects to go int the cotton business. He is a graduat of Clemson College and took a cours in cotton grading in New Orlean afterwards, and is especially fitte for tfie work. He has been in th cotton business in Abbeville for sev eral years. OYSTER SUPPER. The members of the Rocky Rive Auxiliary will give an oyster suppe Friday night, Nov. 3rd at the horn ? 1 ~ * mi . Ll!? < of Mr. W. D| tfusoy. ine puunc j cordially invited. ARE 'POSSUMS RATTERS? Mr. F. S. Hays has discovere that a possum is a ratter, and contemplating turning three lust fellows loos? in his studio. NOTICE TO CREDITORS. All persons having claims again! the Donalds Cotton Oil Company, c Donalds, Soutfi Carolina, are hereb required to prove and file the sam with the undersigned within thirt days. The affairs of said corporatio are being liquidated, and the func on hands will be paid out after sue time. J. E. LIPSCOMB, Oct. 9, 1922. . Donalds, S. C. ltwk. 4 wks. MASTER'S SALE The State of South Carolina, COUNTY OF ABBEVILLE. Court of Common Pleas. J. T. Ware, R. A. Ware and other; Plaintiff! against Clyde B. Ware, Cliff Fleming an others, Defendant! By authority of a Decree of Sal by the Court of Common Pleas fo Abbeville County, in said State made in the above stated case, I wil offer for sale, at Public Outcry, a Abbeville C. H., S. C., on Salesday i November, A. D. 1922, within th legal hours of sale the followin described land, to wit: All that trac or parcel of land situate, lying an being in Abbeville County, in th State aforesaid, containing Sixtj Six and one-fourth (66 1-4) Acre: more or less, and bounded by land of D. L. Haddon, R. A. Ware, Tor Miller place and the place now o formerly owned by P. A. Cheathaa Also all that tract or parcel o land situate, lying and being in At beville County, South Carolina, cor taining One Hundred and Sixtee: (116) Acres, more or less, an: bounded by lands of D. L. Haddor N. ]E. Johston, J. S. Morse, Mac! Williams and known as the W. A 'J 1 ... Ware home place. To be sold in tw (2) or mor$ tracts. Terms of Sale?Cash, purchase to pay for stamps and papers. THOS. P. THOMSON, Master A.' C. S. C. Oct. 14, 1922. 3wks. MASTER'S SALE rhe State of South Carolina, COUNTY OF ABBEVILLE Court of Common Pleas. The Planters Bank of Abbeville, Plaintifl against I. P. Clinkscales and L. 0. Clink scales, - Defcendantf By authority of a Decree of Sal by the Court of Common Pleas fo Abbeville County, in said State, mad in the above stated case, I will offe for sale, at Public Outcry, at Abb? ville C. H., S. C., on Salesday in Nc vember, A. D. 1922, within the leg? liniiW! nf cfllo fhp fAllowinc des cribed land, to wit: All that tyact o parcel of land situate, lying and b( ing in Abbeville County, in th State aforesaid, containing One (1 Acre, more or less and bounded b land of George W. Marchant, Ne1 Cut Road and Five Notch Road, an having a gin house thereon togetl er with boiler "and gin equipmer and being the same tract and pro] erty conveyed to the said J. 1 Clinkscales by R. R. Tolbert, Ji June 4, 1926. Terms of Sale?Cash. Purchas( o pay for papers and stamps. THOS. P. THOMSON, Master A. C. S. C. Oct 14, 1922. 3wks. even possum with potatoes wonldn taste good. i Trinity Outplays Davidson. Trinity, N. C., Oct. 28.?The Trinity College football players rose to great heights at Cone Park here this afternoon when they clearly outg played the Davidson College Wild^ cats, crossed the line for two touchdowns, threw back with impressive nnwpr the only chance Davidson had to score and won a clean cut victory 12 to 0. MASTER'S SALE r T The State of South Carolina, e COUNTY OF ABBEVILLE is ' Court of Common Pleas. Lucile Gilmer and Oscar Gilmer, bj their guardian ad litem S. A. Gil mer, - Plaintiff against d Carrie H. Baker and others, is Defendants y By authority of a Decree of Sale by the Court of Common Pleas foi Abbeville County, in said State made in the above stated case, I wil offer for sale, at Public Outcry, al ^ Abbeville C. H., S. C. on Salesday ir ^ November, A. D. 1922, within thf y legal hours of sale the followini described land, to wit: All that traci y or parcel of land situate, lying anc n being in Long Cane Township, Ab ^ beviUe County, in the State afore k said, containing Two Hundred Eigh ty-seven and 60-100 (287.60) Acres more or less, and bounded By land.' of Dr. P. B. Carwile, Tom UJdrick D. H. Newell, by Stroud lands, bj lands of Hubert Crowther, Andj Stewart, W. L. Dawson, Mrs. Lilli( Wilson and others, and known a: the Baker lands. Terms of Sale?One-third cash balance on a credit of oije and twc years in equal installments, the cr^d' 5, it portion to bear interest at the 5, rate of seven per cent, and to be evidenced by the bond of the pur d chaser, secured by a mortgage oJ 3. the premises, the bond and mortgage e to provide that the whole amount r shall become due upon any default j, in paying any installment of princi II pal or interest when due, and tc t. rnntain the usual attorneys fees anc n receivers clauses with the option e however, to the purchaser to pay al g cash. t Purchaser to pay for stamps anc d pspers. e THOS. P. THOMSON, r- Master A. C. S. C. 3, Oct. 14, 1922. ~ 8wks. ' * I ' , m s : n M A S T,E R'S SALE L The State of South Carolina. f COUNTY OF ABBEVILLE j- Court of Common Pleas, i- National Bank of Abbeville, n Plaintifl d against i, T. E. Cromer, W. L. Gable and othk Defendants, By authority of a Decree of Sale o by the Court of Common Pleas foi Abbeville County, in said State, r made in the above stated case. I will > * to ?> * offer for sale, at Public Outcry, at Abbeville C. H., S. C., on Salesdaj in November, A. D., 1922, within th? legal hours of sale the following scribed land, to wit: All that trad or pared of land situate, lying and being in Diamond Hill _ Township, Abbeville County, in the State aforesaid, containing One Hundred and Thirty-two (132) Acres, more oi less, and bounded on the North by . estate lands of Dr. J. H. Bell, on th? East by lands of John Bradbury, and on the West by lands of James H, Ferguson, being the same tract oi j .nd formerly belonging to H. P SaJley and sold at foreclosure salt at the suit of Max Below against the r said H. P. Salley. Terms of Sale?One-half (%) ' 7ash. Balance on a credit of twelve months with interest at seven pei "C-nt. the credit portion to be evir denced by the bond of the purchasei secured by a mortgage of the premises, with the privilege to the purj chaser to pay all cash. Purchaser t< pay for stamps and papers. THOS. P, THOMSON, 5V , Master A. C., S. C. Oct. 14, 1922. 3wks. 1 ..I I OPTO k t.l. P.'HAJ 't SSd ACEvrmu; ?>?? OR. L. T. MILL, Abbeyilte ' MAN AND WIFE POISONED r * a Piece of Cake Mailed to Home of I; Philadelphia Man. Philadelphia, Oct. 29?W. W. Ster S rett, an expert accountant of - De- 1 von, who, with his'wife, was poison- I ed Thursday by a piece of cake mail- I ed to their home, - died tonight in t Bryn Mawr Hospital. Mrs. Sterrett, I who is in the same institution, was i iL^ss J Buick Servi< J . Buick Owners Buick owners everywliere white emblem of author , Assurance of dependable Bi Experience has shown Buicl ' service means a conscientio continued and perfect opera r . Author?ed service is a guai 3 mechanics of long expcrienc every new part is genuine, ? high quality as the original > " It is an assurance that the e ? to serve Buick owners ?rst i way that will continue th< built into every Buick car. : J HARRISON MOT ; GREENWO1 I When better automobiles are i II TO SE? TyEJ^L?J PR. L. v. ; ; Whose scientifically Pitted Glass Ache*. Artificial Eyes fitted. Ti | alist in the County who has pas : Board, with lens edge grinding i whil6 you wait. \ | Offie? Hours: Saturdays and J j | J to 6:00 p. m. Tuesdays, Wedn< 3:00 to 6:00 p. m. . . Examination and Manufacture Ik rkBlir. rAMPANV 3U Wi 77 ' Your ( r \ . .To get ?his famous $39. ; Cole's Hot Blast Fi i Saving Heater at y< own price. Heater will b r ' ; Auctioned of to the highest bidder Saturc Nov. 4, 4922. All bids must , in by one week from Saturd , Bid box to be opened that e^ ning and the person enteri highest bid gets the heater. [ Cole's Hot Blast Heaters, R* approximately twenty pounc coal. Air rosts nothing?t more air in a Cole's Hot Bl< > one-half on your fuel bill, burn hard coal, soft coal, c wood, corn cobs, corn stall Every child wearing one of Tags will be admitted to th< formance this week when t F R W. A. CALVJ ) i ' ' y -J" ' * , 1 27 WASHINGTON ST. * L___ > t eported in a critical condition, and ittending physicians hold out little '? lope for her recovery. The cake was addressed to Mrs. sterrett and reached her home on Thursday afternoon. It was in a tin >ox, addressed in handwriting un- ~ mown to her, Mrs. steTrett said laer. It was the only contents and . ooked as if it had been cut from an cing layer cake. - r# Vv ' ' - ' $$), '.% '' ce Protects (Everywhere recognise thia blue and ized service as further lick performance. 1 , 5 V . - .1 (owners that "authorized** us, helpful interest in thp tion of their Buicks. antee of skilled labor from :e on Biiick cars, and that factory-made of the same unit. V istablishment is conducted , last, and always in the : dependable performance, D-15-14-N* ' ; 'OR COMPANY OP, S. C. built, Buick wiU build them. . . , . 3EE? . , I LISENBEE, I , es will relieve Eye Strain Headie osly exclusive eye sight sped- ! se<J the South Carolina Ojreical ;!: , nachine for making your glasses < ? 'fX\ 7j ' V >k Mondays?9 to 2:00 p. m.?2:00 j; :} Jsdays, Thursdays and Fridays, .1 r; OSi?? aver McMURRAY J" hlnftoB, St., Abbeville, S. C. | ' I mges and Furnaces burn h Is of air to every pound of B oal is expensive. Burn I ist and save one-third to fl Cole's Hot Blast Heaters 1 ' Iln KnirmnHos uku, 11^111 ic, iji 90 is?ANYTHING. our Fuel Saving Week I e Opera House to any per- H kccompanied by parents H EE I m & sons I - ABBEVILLE, 8. C. I