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m 9J m BIG EXTRA SPECIALS DEESSES, COATS, SKIRTS AND WAISTS Twenty-five Dresses in Tricotine and Serge for only Ladies' and Children's Coats at ONE-THIRD OFF Ladies' $15 Skirts in plaids and solid colors for only $9.50 Big Cut on Ladies' Waists in Crepe de Chine and Georgette AU Crepe de Chine and Georgette that sold (f>A c\A for $8?0 per yard now ...... . q>A^^ MEN'S SUITS One special lot of men's suits, strictly wool, well tailored, prices up to $40.00 for.. . $19.50 One lot of young men's suits for only .... $24.50 Men's Conservative suits that sold for $65 now . $29.50 AU boys' suite for ... ..$6.95 All Silk and Taffeta now selling hythe yard for . . . , . . $1.49 FREE TO EVERY, CUSTOMER ONE 50c. BOX OF STATIONERY FREE THE NEXT DOOR TO THE FARMERS BANK mm EDGEFIELD. SOUTH CAROLINA mm The Cause of Business De .v pression. * Governor George J. Seay of th Federal Reserve Bank of Richmon is sending to member banks in pan phlet form a copy of his" letter c October 8 to the Manufacturers Rc cord, in the course of which he said "The facts expressed in these fig ures are a complete repudiation o those charges that there has bee 'credit curtailment' or 'dominatio: over' either Federal Reserve Bank or member banks 'which force< banks to curtail credit.' That amazing statement shouli have been withdrawn by Govemo Seay before this. It is incomprehen sible to intelligent men that he shouh have issued it. In circular-letter No. 94, issued 01 December 20, 1919, to all membe: banks, the Federal Reserve Bank o: Richmond said: "Our present task, therefore is tc proceed with the deflation of credit* as rapidly and as systematically ai possible." On April 26 circular-letter No. 9? to member banks said: "It is recognized function of the Federal Reserve System to exercise control over the volume of credil and currency. "It is recognized to be unsafe tc go further with commodity prices at such a dangerous height. "If all the. banks in this district will earnestly and conscientiously en deavor to limit credits to necessary activities for production purposes, insist that the burden of carrying loans on Government securities shall be gradually assumed by subscribers, etc." The circular letter of June 21 said "Immediately upon the passage of the amendment we issued our cir cular No. 95, in which we expressed the belief that if all banks in this district would earnestly and con scientiously endeavor to limit cred its. _ "We have sent out information in tended to enable all member banks, and particularly those borrowing rather heavily from us, to cooperate with us intelligently for the conser vation of credit." On August 24 the circular-letter said: "We had been conducting a cam paign for th? conservation of cred it for more than a year. "If we can all pull together, how ever, for a while longer and continue to exercise the greatest possible care in the granting of further credits, etc." On September 23 the circular-let ter to member banks said: "It is in our opinion more impor tant than ever that great conserva tion should be used in granting of credits, etc." We regret that space forbids using these statements in full, but they will all be found in our issue of Oc tober 21. The inevitable result has come. It i was foreseen from the beginning by every intelligent man who cared to study the situation. Every plant that is forced to close, even temporarily; every laborer now looking for a job because of a shutdown; every de crease in wages; every dollar of the $7,000,000,000 to $8,000,000, 000 wiped out in the value of farm products is a testimony to the unwise effort of the Federal Reserve Board to break down prices. And all of this because the Federal Reserve Board, with narrow- vision and financial in competence, struck at the credit sit uation and wrecked tho country's prosperity. In this connection it is not inap propriate io quote the statement made on September 27 in Bulletin No. 2, issued by the First Federal Froeign Banking Association of New York, which said: "Under authority of the League of Nations a propaganda of internation al deflation has been launched." Manufacturers Record. The foregoing we think will fur nish the readers of this paper with the reason why cotton has fallen ten or twelve cents per pound in price in the last ninety days, why the goods of our merchants are on the shelves, why men "loaf" in their own stores where they might otherwise be busy, why the farmers, after performing their labor, are denied the just com pensation which other laborers re ceived in the beginning of the year, why people over this section of the country are in reality in want, and why the conditions which# surround us are harder to bear than the con ditions in 1907, 1914, or at any other time. No wonder the American people in the recent election revolted, and kicked out the powers which make these conditions possible. If the re publicans when they come into pow er next March cannot make condi tions better, they certainly will not make them worse, unless all the lands property and other passessions of the people are bodily confiscated. The Federal Reserve Board actively back ed by the treasury department at Washington has gone as far in this direction as it is humanly possible to gb. Let us hope that at least some relief will come to the suffering peo ple of the South from the party which it has so long despised, and that some of the incompetence which is cursing the country may be gotten rid of. Let us hope that we shall get reid of those agencies which first rob us ,and then try to cover their ill deeds by denying that \hey commit them.-Press and Banner. If it ii a Bilious Attack. Take three of Chamberlain's Tab lets and a quick recovery is certain. LOST: In Edgefield a gold bar pin on October 16. Finder leave at the Advertiser Office. ?????????????????????????g DONT NEGLECT g COUGHS OR COLDS g ? - N ? ? Neglected colds often lead' to. ? g influenza, pneumonia and other ? 5 serious complications. g g For years the essential ingredi- ? g ents horehound, mullein and tar g ? have been used successfully as an a ? immediate check to coughs and g ? colds. g g These three ingredients have g ? been combined with a few other g ? helpful ones to make the cele- ? ? brated g 0 ? g MURRAY'S HOREHOUND, MUL- g LEIN AND TAR. 6 ? ? lt is pleasing to the taste and ? g relief is immediate. g ? Your druggist will supply you, ? g and will refund your money if g ? you are not pleased with results. ? g For treating influenza we rec- g ? ommend Dr. Hilton's Life for ? ? the Liver and Kidneys in con- ? g junction with Murray's Hore- g ? hound, Mullein and Tar. ? S Manufactured by S 1 ? ? Murray Drug Company ? ? COLUMBIA, S. C. g In,. u z ali S ./ .? ZI < li : V [J ! au. c. v FAT. zn. CHILDREN ca.-AI., it. AICO-V. Fer Carlin cf ila. STOMACH id BOWELS etta te a teg* rm osuno? ?sat ANTI-FERMENT K??HNMTSCUIO. m if - r" " ROCK HILL. 5. C For loans an real estate. See CLAUD T. BURNETT, Lawyer. Over store of W. W. Adams & Co. 7-7-20 WM Wm Seasonable Goods AT A DISCOUNT We are giving 10 per cent discount on all Kero Gas Oil Cook Stoves, Wood Stoves and Ranges. Now is the time to buy and save money. Bicycles Going at a Bargain : f $40.00 Bicycles selling for $30.00 $50.00 Bicycles selling for $35.00 We ? ?ering Parker and Winchester Guns at 10 per cent discount. The hunting season has just; fairly opened. Get a good gun for your own use. We have a large line of Winchester Rifles that we are also selling at 10 per cent discount. We carry a full line of loaded shells of all kinds and can also issue you a hunter's license. Come in to see us. See Our Big Line of Heating Stoves for Wood and Coal . STEWART & KERNAGHAN mm mmwmEmmmmimmmmmm?