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Cfo* ftwrtote ?tmxitx. PUBLISHED KVCRV WEDNESDAY MORNING -8V JAYNK8, SHKLOR. 3RAITH A STECK B. T. JAYNESj I Kn- , ?ZI- ID. A. SMITH. J. W. ?HKLOR, f ?:w.. 1 eaa?' ( J. A. STEPS SUBSCRIPTION, st.00 PKR ANNUM. ADVKRTIBINO RATES REASONABLE. 33f- Communications of a personal character ohnrged for SH advertisements. ', ti ' Obituary notices aud tributes of respect, of not over one hundred words, will bo printed free of charge. All over that number muBt be paid for at the rate of ono cent a word. Cash to a-oompany Jianusoript. WALU AM. A, H. C. t tVKONKNDAT.JAN. 4. 1903. IN THE HANDS OF THE BEARS. Theodor*) 1J. l'rico, of Now York, bas issued a rather comprehensivo and ox t ended st;' I einen 1 of tho cot Iou . . t nat ion as viewed from an ultra boarish si and point. While wo do aol fool that his theories nra necessarily correot, yetthoro is much in $0701 al of his statements and conclusions that will |>rovo of moro than nassiug interest and may bo turned to good account by tho farmors who still bavo cotton unsold. Wo will not at tempt to give yr. Trice's theories and deductions in tull, but sumo paragraphs aro worthy of thoughtful consideration. A few extraits follow: "I believe this season's crop of Ameri can cotton to >n 13,500,000 bales or o>'or. The census returns as far as recoived ahow Mint ?bout 12,000,000 bales wero ginne,! up to December 13 To this must bo add?d tho cotton piokod und unpicked, but not ginned, up to that date. "Last season there were ginned after December 18tb, 1,824,888 l?ales, and tho season before last, 1,725,442 bales. 1 be lieve that much more remains to be ginned this year than in either of the two previous SOasonB, hence my estimate of 18,500,000 bales or moro. "The theory that this amount will not bo marketed is of no importance. Cot ton is grown to be sold, and it will Dot be destroyed, lt is tho unsold cotton in first bands yet to hud a market which will carry prices downward. "On the 13th of December tho indi cated quantity guim d was 12,000,000 bales, and there wero in sight 0,844,332 bales. There wero ginned, but not in sight, therefore, 5,155,668, to which must be added, still to bo ginned, at least, l,r>00,000, which loavos a total of 6,055, ?108 bales in tho farmers' hands, invisible and unsold, on Docombor 13th "Such n situation is without a pre cedent in thu trade. It cannot but result in a prolonged and acute depression to probably tho lowest prices over reached. "The world's spinning trade, impover ished by last year's high prices and the previous year's corner, is without the resources or credit requisite for the ac cumulation of largo surplus stocks. Even wore it otherwise, it is not to bo expected that manufacturers will bo so lacking in corr morola) sagacity aa to buy largely at price* that are not as yot oven moderate when ci m sh In ed in relation to conditions present and prospective. "A surplus of approximately 1,000,000 bales nt the end of tho season has gene rally resulted in 7-COOt cotton at some timo during tho spring or summer; a surplus of over 2,000,000 bales has only once existed, and tho price fell to 5 0/10 and did not advance above (il cents for uoarly a year. In my opinion tho sur plus supply over tho most liborally-csti matod consumption for this season will tie not less than 2,500,000 bales. It makes no difference whether it is visible or not; it will bo on band ami must be sold. Its soiling will probably carry cotton to prices as low as tho prospective situation is unprecedented. On the facts any other conclusion is illogical." Mr. Price is, of course, one of the lead ing "bears" of tho cotton market, bo lioves there is sn Ilici?n t cotton in tho farmers' hands to "result in a prolonged dopressiou to probably tho lowest juices evor reached," and his labors are to that end. What the farmers of tho South should do is to ??rove Mr. Price's theory incorrect by holding t.oevorybale of cot ton until the price rises as a natural re sult of a restricted market, and then market the crop so gradually as not to produce a surplus in tho hands of tho consumers. Note Mr. Price's statement: "lt is the unsold cotton in first hands that will carry prices downward." That means that what bas already gone Into tho hands of the connu mers (the mills) and tho speculators has ceased to be a factor so far as thc price of tim unmarketed Crop is OOnoorned. This is possibly cor rect, and, as we see it, leaves Ibo matter of price for tho staple in tho bands of the farmer entirely under his control. Take, for instance, Mr. Price's own "bear" ligures: Dales .inned to Deoombor 13 ..12,000,000 There had been markotod ... 6,844,332 Ginned, bul not in sight. 5,155,608 .still to be ginned . 1,600,01 <> Leaving In the farmers' hands . 0,655,663 Mr. Price estimates that there isa sur plus this year of 2,500,000 bales, yet ho admits that there are still in the hands of the producer 0,655,668 bales ol cotton, and that this "unsold cotton in first hands will carry thu price downward." Why should it do .soi" According to these figures, the consumers will yet need 1,155,668bales will? which to op?ralo the cotton manufaotor les of tbe world, I bis cotton is in the bands of tim pro ducer, as is also the estimated surplus of 2,600,000 bales, und if the producers will i-dand as one man and refuse to sell, the price will ultimately rise to a reasonable ftcalo Afr. Price makes this statement, omi? vi en tl y worthy of note: "Cotton is made to be sold, anil it will not be destroyed." The proposition to burn 1,000,000or moro bales is tho very heigh', of folly, and would, if carried out, toi d to even lower yricOB, rather than raise them. With a .surplus of 2,500,000 bales, what cll'oct would the huming of 1.000,000 balen have on the market? None whatever, unless it would bo to show that thor? *~ more eotton io tbo country than even the "beare" suspect. The mills lack 4,155,068 bales of having their supply, according to Prioe's figures, and the farmois hold 0.055,008 bales in their hands. If they do uot ev nt nally coutrol the market it is simply because tiley will uot or caunot s?ok together and bold tbe cotton. It is a groat pity that it was not sold at good' priced prior to tho government report, but since it was not, and the farmers still hold the big end of tho world's supply, wo fail to Him why thoy should uot cont roi tho mar loo yot-possibly uot to suoh au extent aa to run the price baok to 10 cents or over, but certainly to a sufQoieut di groo to omi marni Sj or 0 cents-at who'll prieos, we boliovo lt is olalmed, there is money in ra?B?I)g cotton. PORT ARTHUR FALLEN. After eleven months of desperate lighting Port Arthur has been captured by tho Japs. It bas boeu one of the most dosperato sieges of modern timos. Dilling tho encounter it is est imat ed that eighty thousand lives have boou lost. It IS hurd to estimate the sacrifice of Mood and troasuro, but all the while the Japs marched steadily toward their goal. The Russians made a stubborn and heroic dofonso. lu tho surrender Gen. StoosBol and his surviving soldiers are granted tho honors of war. Thoir gal lant defense of the Port h..s no whore been more highly appreciated than in Japan itself. With this strategic Port in bor posses sion Japan is in position to dominate practically all tho territory south of Mukden, where the Russian army, under Gen. Kuropatkiu, are now in winter quart rs. Tho fall of tho Port will mark nu epoch in this furious war that bas been fought in dead earnest by the .laps from the first. They arc lighting for borne and native land and this doubtless ex plains their wondrous enthusiasm. With tbo coming of spring wo may look for another victory around Mukden that will comparo with tho battlo of Liao Ynng and tho capturo of Port Arthur. .Should tho Japanoso army make good its assault? upon Mukden and nchievo another decisivo victory in tho course of a few mouths, tho ond of tho struggle would bogie to appear. This ts a con summation devoutly to bo wished. TltK President and Secretary of War have agreed that "Jiu Jitsu" must bo added to tho courso at West Point Mili tai y Academy. "Jiu Jitsu" is tho latest thing in Japanese scientific wrestling. Wo aro glad it is no worso. When wc Hist saw tho announcomo i' we feared it was somotbing like Heubonic plague or Asiatic ?ludera. Tnt.: Anderson Daily Mail last Sunday published quito a lengthy resumo of the financial and industrial development and growth of that city during the year HMM. It makes a splendid showing for tho thriving, bustling bttlo "Electric City," of which sbo should justly bo proud. Tho whole of tbo up country is interested in Anderson, and wo rejoice wLh ber in her prosperity and growth. Tu KHK aro in every daily paper those days long articles beaded "How to Raiso tho Price." lt would take tho entire time of a full force of readers to wade through all these articles; aud for that reason wo do not attempt to keep up w ith them. They may contain sumo fool schemes for raising the price of cotton such, for instance, as burning a million or two two bales in order that what is left may bring a better price; or they may contain tho schemes of some poor devils trying to raise the price of a drink. lt doesn't make much difference, how ever. Duo would bo about as edifying as tho othor-and about as profitable to tho reader,_ David B. Hill Out of Politics. Albany, N. Y., January 8.-Tho retire ment of former .Senator I). B. Hill from active politics after forty years of unin terrupted participation in tho Demo cratic councils in this Stato mid in tho nation, took effect yesterday, according to the authorized statement made through tho Associated Press August 'JO, last, upon the occasion of Mr. Hill's sixty-first birthday. "The announcement of August 20 fully covered the matter," the Senator stated, "and i was final. There is nothing in that announcement to he retracted, and there is nothing that need be added to it." Mr. Hill is going to practico law. Stale Sonator C. 3. MoCall Dead. C. S. McCall, Stato Senator from Marl boro county, and candidate foi Governor, died at his home at llennottsvillo on De cember 81, aged 0:5 years. Ile was worth about a half million dol?ais, all of which bo acquired himself, returning home after the war with only the borso ho rode in Hampton's Legion. His farms art among tho llnest in the S tn to. lie was an able man, serving a liumboi of terms lu the State See at tho close of ibo reconstruction period. Last Saturday, near Kasley, while Wa vorly Couch, son of James A. Couch, was playing with bis fa'hor's shotgun, it was accidentally discharged, tho load entering the right oyo of his sister, Am byT Couch, tearing ott tho side of bei bead. Death was almost inntantnocous. Wavelly is eight years old. His sistei WM thirteen) Tho funeral took place ht George's Crdtek, about four milos east ol Kasley. \^ J LYING REPORTS CAUSE TROUBLE. Good Part of tho Crop Wat Sold Abovo Nino Cents and Averago Ought to bo Fair. Halt i more, December 31.-A special dispatch from New York to the Mann- > facturer?' Kocord says: ., To judgo by tbe wild dispatches about tho South's burning cotton and tho equally wild reports that would create the impression that the broak in oottoo is going to cauft? ? wiock of matter aud a crush of worlds in the South, ono would ho led to imagino that the whole South is staggered by the cotton slump. The decline is deplorable, and of courso, moans a hoavy loss to many, but it should not be forgotton that about 0,000,000 halos wore sold at au averago of probably 0} couts aud that if 7,000,000 bales moro should average only 7 couts, tho total value of tho orop, iooluding Hood, would bo over $500,000.000, whiob has l.evcr been exceeded bot a few t i mes in tho South's history. Moreover, tho groat increase in tho production of grain and other diversified crops last year added a nain of over $100,000,000 to tho South's diversified agricultural products as compared with 1002 anti this year's di versified crops will be equally as great, reaching in aggi ogato val ne about $1,000, 000,000, or double tho valuo of tho cotton crop. Hut there is no reason for the Som h to becomo panicky over the oottou situa tion. It has many a time facod far wm s. conditions and out of apparent defeat won victory. Even 13,000,000 hales, should tho crop provo that largo, and many good authorities still doubt such a held, are not as unduly heavy, all things considered, ns wore 11,250,000 bales in 1808. Thou tho world was carrying a ?ri eat surplus stock accumulated through several successive years of large produc tion, and tho South was poorer, with comparatively little surplus monoy in its banks and with many of ?Ls farmers burdened with debts. Now tho world has hut little stock of cotton outside of this crop, tho increase in demand has gone on for six years, and the South is rich, with an ample capital to finance, a largo part of its cotton, while tho farmers aro loss in debt than since the war. Tho press?t price is almobl as unduly low as Uland 17 cents wero unduly high, and the Manufacturers' Record warned tho world against such speculative prices, so it would warn tho South to-day against undue fright. On a declining market peoplo aro always moro disposed to sell than on ndvanciug prices, and iu this is the danger that, frightened by tho de cline, farmers will crowd thoir cotton to market and cause a further break. Cotton is intrinsically worth more than it is selling for. and that there will bo n reaction in price is just ns inevitable as it was that 17-cent cotton would decline. A staple that does not deteriorate in quali ty, that like pig iron is as good twenty years hence as now when below tho cost of produotion, as it is to-day, needs only to he held long enough to make cortaiu of higher figures. Just how soon the tide will turn no man can say, nor can anyone say that it will not go lower tem porarily. Hut the South's policy to-day should unquestionably bo, not to burn cotton, not to crowd it to market, but to store it and hold for tho iuovitablo swing of tho pendulum, and in the moantimo to plant less acrcago in cotton and moro in diversified crops. Tho situation is in this way absolutely in control of tho South itself, and will have no one but tho South to blame if it does not hold back permanently a million or more bales and thou reduoo its acreage about 10 per cont, compared with last year. Tho South holds the dominating position, if it will only use its opportunity and mai kel its cotton on business principles, then it will secure a fair price. Outside of a few speculators nobody wants such low prices. Tho spinner is no moro pleased at this terrific break than thu farmer. Now let the South put itself together, show that it can and will protect its own interests, and it 'viii re ceive the world's applauso. Cured His Mother ot Rheumatism. "My mother has been a sufferer for many years from rheumatism," says W. II. Howard, of Husband, Pennsylvania. "At times she was mmblo to move at all, whilo at all times walking was painful. 1 presented her with a bottle of Chamber lain's Hain Halm and after a few applica tions she decided it was the most won derful pain rolicvor she had over tried ; in fact, she is never without it now and is at all times ablo to walk. Au occa sional application of Hain Halm keens away the pain that she was formerly troubled with." For sale hy Dr. J. W. Hell, Walhalla: W. J. Lunney, Seneca. Rev. J. L. Tillman Dead. Kev. J< !.. Tillman died at 10.30o'clock last Friday night ?it his home, 58 White hall Terrace, Atlanta. Mr. Tillman was ono of tho oldest and most widely beloved ministers of thu Stale. He was a man of strong character and eminont ability. During his oareer ns a minister of tho Gospel he accomplished much good and the influence which he exerted during life will continuo after him. Surviving Mr. Tillman aro thrco sons and one daughter- Hov. Charlie 1). Tillman, I). K. Tillman, .1. T. Tillman and N?i> GvW. i Morris. The death of his wife occulted four months ago. An agreeable movemont of tho howols without any unpleasant effect is produced by < hamlin hun's .Stomach and Liver Tablets. For salo by Dr. J. W. Bell,Wal* I halla; W. J, Lunney, Seneca. May Irwin, tho actress, has Offered1 to furnish bail up to $50,000 for tho reloaso ? of Nan Pnttorson from prison, whero s??n , is now held, charged with f'o murdoi ' Caesar Young, according to an announce ment hy Miss Patterson's counsel. Annual Meeting. THE minimi mooting of tho Hoard of County < 'om minni nu01 H will be held in their office, Walhalla, S. C., on Friday, January 0, 1?05. All claim* for work done during H>03 and 1004 (not previ ously audited) must be flied on or before Jauuary 5 or be barred. All interested will please take uotiee and be governed accordingly. Claims may be flied in per son or by mail. D. F. MCALISTER, Supervisor. December 14. 1004. ,'60-52 ?otio? to Overseers. ALL UO A I) OVEERS&ER8 In the county are hereby notified that thoy MUST turn over to some member of the Hoard of County Commissioners all county tools in their possession or bring nnmo to the Court House not later tuon Friday, January 0, 1005. If not conven ient to bring or soud in the tools, please send in a complete Hst of tho tools you bave on hand, and stato what ooudition they aro lu. A oompliance with this request will be greatly appreciated. D. F. MCALISTER, Supervisor. December 21, 1004. 51-1 Notice to Trespassers.I NOTICE is horoby given to all persons | not to trespass on any of our Inuds i in any way wbutsoovor-by hunting, fish- I lug, digging roots, outtiug timber, set-1 bing out fire or trospassiog in any otbor maimer. Parties entering said lauds I if tor publication of this not ico will be dealt, willi to the fullest extent of the) law. J. M. Heaty, J. H. Heaty, James Hynum, Mrs. Eliza Williams, Jos. Fricks Estate. December 21, 1U04. 51-2? Notice to Trespassers. NOTICE is boroby given to all persons not to trespass on any of my lands in any way whatsoever-by land mark ing, bunting, fishing, digging roots, cut ting timber, sotting out Ure or trespass ing in any otbor manner. Parties enter ing said lauds nftcr publication of this notice will bo dealt with to the fullest uxtcut of the law. M. L. EMERSON. December 2H, 11)04. 52 :1* HINDU SUMMONS FOR RUE The Stato of South Carolina, I County of Oconco. J Court of Common Pleas. Jobu D. Volmer, Plaintiff, against Vasa E. Stoibrand, Mrs. Harcourt Hull, Mrs. E. M. Steober, Mrs. (lortrudo S. Gibson, Edward Stoibrand and Cerita A. Neppert, Defendants. - Amended Summons for Relief.-(Complaint not j Sorved.) To tho Defendants Above Nnmod: You aro horoby summoned and ro il ni rod to answ er thc complaint in this I iel iou, which will bo Hied in tho office of I tho Clerk of tho Court of Common Pleas | d Oconco county. South Carolina, and to servo a copy of your answer to tho I laid complaint OD the subscribers at their ? Mice, on tho Publie Square, at Walli.dla Court House, South Carolina, within 20 lays after tho sorvico hereof, exclusivo )f tho day of such sorvico; and if you fail to answer the complaint within the Limo aforesaid, tho Plaintiff in this action will apply to the Court for tho relief j demanded in the complaint. Dated December 28th, A. D. 1?K)4. 0. R. D. RUHMS, C. C. P. ISoal.] J AYN ES & SHELOK, Plaintiffs Attorneys. To tho Defendants Above Named : Piense tako notice that the A mended Summons and Complaint in tho above ".?titled action will be filed in tho office it the Clerk of Court of Common Pleas of Oconco county, South Carolina; that tho purpose of this action is tho fore ?losure of a mortgage given to the Plain-1 tiff by the late Carlos J. Stoibrand on thc first dav of Mav, 1880. " J AYN ES & SHELOR, Plaintiff's Attorneys, Walhalla, S. C. Decouibor 28, 11)01. 52-5 I offer for sale my tract of land, con taining about 72 acres, with a convenient one-story frame oottago thereon, being on waters of Cane ('reek, near West Union Depot. There is plonty of timber on tho land for fuel and farming purposes and abouti ?5 acres of land undor cultivation. Also! A Splendid Undeveloped Water-Power on Cane Creek, which will afford a fall ihnut 50 foot. For particulars apply to John D. Cap polmann, Charleston, S. C. A. G. STAPEL. December 21, 1904. TWO SOLI IHt FARMER. Hog iv Ki old Fencing. Harb Wire, ('billed Plows, Stool Pony Plows, Hov Dixies, Stocks, Hollows, Anvils, Shovels, Forks, Honing, Hridles, Sandios, Collars. Seneca. Carpenters' T< Gloss, Putty, Paints. Oils, LOC'.kS, I I mee; Iron, Stool, Vnlloy Tin, N Everything in Hardware. Harper, Boyd AND Hunt If you must buy goods you ihould buy where you can get the best goods for the least money. We are the Place. The following goods, marked in plain figures, with extremely low prices, are now marked still lo wer with other plain figures, so you can tell : Children's Jackets, Ladies', Children's and Men's Underwear. Men's Suits, Pants and Hats. Heavy Knit Overshirts. A few pieces of Outings and Calicos. We have a complete stock of Dry Goods, Notions, Men's Furnishings and Groceries, all new and all marked at prices you will know are cheap when you see the goods. Harper, Boyd & Hunt 2^=~WE ARK DOWN ON TDK CORNER IN NEW HOTEL RUILDING, SENECA, S. C. Cabbage Plants FROM THE REST TESTED SEEDS. Now roady for Rbipment; large, strong, healthy. Those plants are grown in tho open air and will stand severe freezes without injury. Early Jersey Wakeflold, Largo Typo or Charleston Wakoflold, which are tho bost known varieties of curly cabbages, also Henderson's Succes sion, the best large, late and sure header; Augusta Early Trucker, also a Ano type of late variety. Neatly packed in light baskets. Ul.50 per l'.OOO; for 5,000 or over $1.25 per 1,000; f. o. b. express ofiico. Special prices made on largor lots. CHAS. M. GIBSON, 3 14 05 Young's Island, S. C. we WANT ALL INTERESTED IN MACHINERY TO HAVE OUR NAME BEFORE THEM DU Fi ING 1905 VVrlto ua stating what kind of MACHINERY you use or will Install, and we will mall you FREE OF ALL CORT A HANDSOME ANO USEFUL POCKET DIARY AND ATLAS OR A i \r.GB COMMERCIAL CALENDAR Splendid Farm,^ \ Gibbes Machinery Company, CO LU M 'Ji!A, S. C. A STOCK OF HORStf POWER HAY fHUinsE.-, TO Off CLOSED OUT AT SPECIAL PRICES j.. '-jr. .i-icvar--*:. 55 Acres. Well stocked. Best tools. 6-H. P. engine. One horse. One mule. Buggy and wagon. 150 bushels corn. 25 bushels peas. 50 bushels coitoa^QQdi 22 shptes, etc. Fruit trees. EVERYTHING READY FOR YOU LESS THAN TWO MILES OF GREENVILLE, S. C. DANICE COTTAGE..^ Owner loaving! Bargain! Come quick or write us. Thackston (Q. Son, Greenville, S. C. m i Hardware Go. CARS BARB WIRE AND NAILS. lt. I? ails, Rubber Bolling, Canvas Bo ting, Lace Loitthoi, ^'rcular Saws, . 'ross-Cut Saws, I 'rectors, I 1 o Fittings, I Wronohos. Guns, Ri flos, Hunting Coats, Lending Sets, Empty Sholls, Loaded Shells, Pistol Cartridges, Powdor, Shot, Caps, Dynamite, Fuse. Buok's Cook Stoves, Steel and Cast Ranges, Boating Stoves, Swinging Lamps, Stand Lamps, Enameled Waro, Lanterns, Lard Cans, Moat Choppors, Sausngo Stuffors. /Seneca. /