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THE RECENT SLUMP IN COTTON. WHAT CAUSED IT AND HOW TO PREVENT A REPETITION. President E. I>. Smith, of thu South Carolina Cotton Growers As sociation, has given out the follow ing interesting statement with re gard to the recent slump in the price of cotton : Tho recent drop in the price of cotton emphasizes the absolute ne cessity for thorough organization on the part of the South for tho protec tion of this, ber main article of com merce and from which she derives the capital upon which her entire commercial structure depends. It is a matter of surprise that business men of tho Smith look upon this movement to control the price of cot ton as being one in which their sym pathies, perhaps, aro enlisted, but in which they have no personal interest. I write this articlo in the hope that I may put a now light upon it and will show to somo at least how the price of cotton is of vital interest to every one engaged in business in tho South, and how it is absolutely impossible for tho farmer alone to control tho price. No one will deny that cotton is tho essential, tho cur rency of the South. The amount of business in the South is dependent upon the volume of money she re ceives from her cotton crop. Now, what are the factors under tho pres ent system of things which determine thc amount of money we are to re ceive from a given crop? The banker, the merchant, the teacher, tho preacher, all seem to look upon this fight as being one in which the farmer alone is vitally interested. Now, to illustrate the actual con dition of affairs there is enacted on the streets every day during the cot ton season a scene which brings out accurately tho explanation of the South's condition, and the forces which determino tho price. The fanner drives up on the street with a bale of cotton on bis wagon ; that bale of cotton represents a part of the currency of the South, a part of that wbioh is to determine the amount of money that shall bc put into circulation. Who samples, grades, weighs and fixes thc price of this cotton? The representative of the organized brain and capital of the world. The European spinner is thor oughly organized, the Northern spin ner is organized, the Southern spin? nor is organized, therefore, the one who samples, weighs and prices this cotton is the representativo of one of these organization, ono who knows tho intrinsic value of tho cotton, and, from the very nature of the case it is to his interest to get it as low as pos sible, because the difference between what he buys it at and the price at which bo sells the manufactured article is the margin of bis profits, As said liefere, he is a representa tive of organized brain and capital. Tie bas an unlimited credit. Ile rep resents that element which seeks to get the cotton as cheaply as possible, nod which really, under the present system of things, fixes the price of i? Now, who is on the South's side, the side which is to determine how much money shall be put into circu lation through the Southern cotton crop? The representative of South ern poverty and disorganization, tli? producer who has neither capital noi credit and without any organization to back him. Oo tbo one side a rep< resentative of tho organized brain and capital of ibo world, and on th( other side the representative of tlx South's poverty and disorganization and between the two is the destin] of tho South. The banker, the merchant and tlx business men of the South from dif ferent places of business see this un equal struggle going on from day t< day, seeing the price of cotton pu down, say for per cent per pound twenty dollars on the bale, ('20 les to be deposited in our banks, (2 less to move tho goods from th shelves in our stores, $20 less to b put into the brain and character c tho children of tho South, ('200,000, 000 less on a ten million bale cro[ to develop tho resources of th South ; beoause poverty and disoi ganization cannot cope with wealt and organisation! Ts it not man festly the duty of the morchant an banker and financier of the South t join with the producers of this, tli South's monopoly, to so lix tho prit of the cotton crop that they sha give to the world what the world oeeds at a price fixed by those who produce it. lt is idle to speak of the farmer alone being able to solve the eco nomic problem of the South. Let the Southern merchant, banker and financies provide the warehouses in co-operation with tho farmer, help him to borow sufficient money to meet his present obligations, put the eotton in this warehouse, organize this warehouso into n liding com panies throughout the South, have the farmers to give to this holding company tho power of attorney to sell this cotton, let the price be fixed below which it is not to be sold. Let samples be taken and placed where the buyers of the world can havo access to them, and '.vhcro these buyers may be able to place their orders and thus be able to dictate prices at which wo will supply the world. Should there be a surplus, from ovory business standpoint tho South should own and carry this surplus, because the moment that it passes into the hands of the con sumer it becomes a means by which he can withdraw from the market and be enabled to bear the prices of the next crop. Hence we, carrying the surplus, can at all times havo a uniform price on all that we do sell. The Southern Cotton Association is bending every effort now to have warehouses built, and then to have these warehouses merged into ono general company, and this genera] company, with the State company, to be chartered underlie laws of the different States, and thereby be come the medium through which all the cotton owned by tho members of the Southern Cotton Association shall be sold. There is no other plan by which the South can possibly hope to convert her cotton crop into a just and adequate return of money. We make 85 per cent of all tho cot ton produced in tho world. And if I the business men of the South will j but join forces with the producers of cotton and organize a warehouse committee and financier, and through a selling committee in every State market her cotton crop, then in the future wo can calculate upon each and every cotton crop bringing to the South an adequate return for this, her great monopoly. Besides this, every American should feel it his duty to see that the highest pos ' sible price for the American raw cot ton should be obtained. The American mills consume only about one-third of the American cot I ton crop ; two-thirds of it is mar keted abroad. Say there is a 12, 000,000-bale crop made, and the price is Iii cents per pound, the amount of foreign capital brought into America would be * 180,000,000. At 10 cents per pound it would be * 100,000,000, or a loss of ^80,000,000, equivalent to $1 per capita for every man, woman and child in America. Should it bring 8 cents per pound the amount brought in would be only *:}*20,000,000, or a loss tc America of * 100,000,0011, *2 pei capita for every man, woman and child in America, which would mean a loss in American trade of from *80,000,000 to * 100,000,000 a yeai Robbing^ Yourself That is just what you are doing when you fail to get reg ular and sufficient sleep. Your body rcquirc'i this unconscious period for repair work ; with out it your nerve energy be comes exhausted, and you arc tired, worn-out, nervous, ex citable; have headache, neu ralgia, indigestion, poor appe tite, or other ailments caused by a lack of nerve force. Make it your business to sleep. If you arc restless, take Dr. Miles' Nervine; it soothes and strengthens thc nerves, and brings sweet, refreshing, life-giving sleep, and gives the organs power to work natur ally. Try it to-day. "I had a nevero spell of fever, which loft mo In a very wetk cor.dillon andi very nervous I hnd ?evoro spells of hoadocho and neuralgia, and coule Bleep hut very little. Every effort thai was made to recover my strength wn? ot no avati until I hogan taking DP. Miles' Kestoratlvo Nervine. After I <i?nmonced to tako tho Nervino my sleep was profound and restful, and tho pains In my head, ns well ns tho neuralgin pains, left me to a certain extent und I grow gradually better." MRS. Kl. TB. OII.MEKTHON, 821 Horylan Ave., Belvidere, Ills. Dr. Miles' Nervine ls sold by your druggist, who will guarantee that the first bottle will benefit. If lt Ulla, ha will refund your money. Miles Medical Co., Elkhart, Ind on export cotton alone, while it would not in anywise injuro the manufacturing interests of America. From every eco nom io standard in view of the faot that America has a praotical monopoly of . the cotton production of the world, it should appeal to the business men, not of the South alone, but of the entire country, to see to it that means should be devised by whioh the cot ton might be financed and marketed so as to insure to the South and to America the maximum price possible. Mr. Dale, of Boston, Mass., took this ground before the meeting of the spinners and growers at Wash ington and read a most excellent article along this same line. Surely the business men of the South, feoiing and enjoying the last two years of prosperity tho result of bigb price cotton, will join with .?.. now and aid us in reducing t proposition to a simple, praotiv,.. business basis where we can set th? price and determine the fluctuations in values. Lot no mau be discour aged on account of this slump in the speculative world. We cannot afford .to give up the fight. We are learn ing our weak points and are doing all within our power to strengthen them. We must have warehouses that are chartered organizations in each State. We must have a means by which the cotton oan be concen trated, financed and sold only at the price fixed. This is the problem bofore us, and it is one in which every Southern man Is interested. We must, solve it. E. D. Smith. $100 REWARD $100. Tho readers of this paper will bo pleased to learn that thero is at loast "no dreaded disease that science has i. en ablo to cure in a" its stages, and tbat is catarrh. Hall's Catarrh Curo is tho only positive cure known to the medical fra ternity. Catarrh being a constitutional disease, requires a constitutional treat ment. Hall o Catarrh is Curo taken intor nal'.. . acting directly upon tho blood and mu uous surfaces of tho system, thereby destroying tho foundation of the disease, and Riving tho patient strongth by build up the constitution and assisting nature in doing its work. Tho proprietors have have so much faith in its curative pow ers, that t hey niter ono hundred dollars for any case it fails to cure. Send for list of testimonials. Address, I7. J. CHENEY A Co., Toledo, O. .Sold by Druggist, 75c. Hall's Family Pills aro tho best. $1 per yoar-Tho Courier-56th year. Lesson* of the Fur Enatrru War. General Cha flee, chief of stnff. United States army, calls attention to the fact that in the Russian-Japanese war the Russians used volleys in all their firing, beginning at IOUK rauges nml continuing until the final rush of the Japanese, and that the Japanese Are was always Individual In action. "Volley fire," says General Cha free, "was noted only once lu seven months' Observation, used against a retreating Kussiun force massed at nu estimated ranged of 1,800 to 2,000 yards, and this fire soon ceased. Small arms fire nt such extreme ranges ns 2,500 yards Is of practically no value, while rouges from 2,500 to 8,500 yards are artillery ranges, pure and simple. The experi ences of this war are demonstrating tho value of tho American Idea of having skilled individual marksmen, not a body of men tiring volleys Into the air with the hope of accidentally hitting something." ForenlfrliJ in Hird*. The following hird sto;*y come* from a high church dignitary of North Wales. Close hy his rectory is a large rookery. Twice a year the hirds as semble and repair or rebuild their nests. At these times the ground be neath tho trees ls more or less thickly strewn with small potatoes. This mys terious phenomenon was Anally ex plained by an old parishioner. The rooks use the potatoes for measuring the Insides of their nests. When com pared with a rook's egg the potatoes were- found to closely coincide with the former both In length and breadth. Aft er using the potatoes for purpo--.es of measurement tho rooks never eat them or carry them away, and they accumu late In considerable numbers beneath the trees. Hulther I lim (Hovea For S n r? <. on s. A rubber film glove has been de rlsed for surgeons. The gloves aro "put on" by Immersing the hands In ft weak solution of gutta pend?a In ben zine or acetone. The purpose of tho Him ls to seal the surfaces of the hands With nn Insoluble, Impervious and prac tically imperceptible pellicle, which will not admit blood, pus or secretions. Buch a protective measure for sur geons ls said to lie preferable to work ing with rubber gloves, inasmuch as the seiiHO of touch of pliability of the skin ls not impaired In any wny. KILLT. COUCH AND CURE Tin LUNGS H Sr. King's New Discovery FOR (j 0N8UMPTI0N Pries OUGHSand 60c & $1.00 OLDS Free Trial. Sorest and Quickest Cure for all THROAT and LUNO TROUB LED, or MONEY BACK. Cures Biliousness, Sick Headache, Sour Stom ach, Torpid Liver and Chronic Constipation. Pleasant to take i L Preacher Kissed Another Man's Wife. Oweosboro, Ky., Juno 2.-Uov. Benja min Franklin Lawhorn has boen sus pended from the Methodist ministry until the next meeting of the Louisville oonforenoe. Ho was tried on charges of immorality and oonduot unbeoomiog a minister, proferred by Joseph Sapp, a nawesvillo, Ky., merchant. Sapp says ho notiood that the pastor's visits were becoming rather frequent to his home. His store adjoined his resi dence, and ho bored a hole in the wall and decided to watch. Sapp says tho noxt timo tho minister oame he saw bim caressing his wife tenderly, not, however, in a pastorly way. Sapp shouted through the hole, "That's enough of that." Ho went into the residence and ordered the minister from the house. Sapp reported the prooeedings to Law horn's members and an investigating committee was appointed. The first committee exonerated Lawhoru, as Mrs. Sapp testified that there were no im proper relations between them aud that her husband was insanely jealous. It becamo known a few days ago that Mrs. Sapp was saying that sbo did not toll the truth on tho first investigation. Thoso stories reached the ears of tho presiding elder and another oburch trial was called. Mrs. Sapp said she was angry at her husband on the first trial and for that reason did not tell the truth. She said that Lawhorn kissed and hugged her; that she sat on his iap and that the preacher was as much to blame as horself. Lawhorn denies the charges. Mob Leaders Shot to Death. Los Angeles, June 4.-A dispatch from Don gi tis, Ariz , reports tho execution of eight leaders of tho Cananea riots by Col. Kostorlitzsky yesterday. Tho riot> ors wore lined up in front of a stone wall, A fow blocks over the hills from Ron rjuilla, and killed by a volley from the rifles of the rurales under the command rjf Kosterlit/.sky. who is reported to havo cried out as tho shots were fired: "Vive lo Mexico. So dio all traitors!" The doomed men met death without fear aud with cries of "To boll with government ! Away with Mexico." The dispatch states that Cananea did not burn, as reported, and is not buming. Tho pecuniary loss of the Cananea Consolidated Mitling Company is esti mated at $500,000, and work will bo ro mmed witbiu a week. Don't bo fooled and made to believe that rheumatism can bo cured with local tpplianccs. Hollister's Rocky Mountain Tea is tho only positive cure for rheuma tism. 35c, tea or tablets. J. W. Roll. The Courier-56th year-$1 per year. White Brute Arrested. Spartanburg, June 1.-A white man lamed Williams, an operative in the ?otton mills at Woodruff, was arrested this morning on a charge of attempting bo make a imiual assault on a white {tri, aged ? years. Williams waa ar rested an. 'ged in Spartanburg jail, i'bere was considerable excitement in the town of Woodruff, but cool hoads prevailed and no violence was attomptcd - Williams lured the child tu a patch of the woods in thc rear of the church, but was presented from carrying out bis inn-pose by two negro mon, who wore passing through the woods. The ne groes sprang upon Williams and made !iim a prisoner, delivering bim into tho custody of tho marshal of Woodruff. Notice of Final Settlement and Discharge. NOTICE la hereby given that tho un dersigned will make application to D. A. Smith, Esq., Judgo of Probate for Doooee County, in tho Stato of South Carolina, at bis office at Walhalla Court House, on MONDAY, tho Otb day of July, 1?HW1, at ll o'clock in tho fore noon, or HS Hoon thereafter as said appli cation can bo heard, for leave to make ii nal settlement of tho estate of F. Brown low Oelkors, minor, and obtain final discharge as Guardian of said ostato. ADELENA OELKKKS, Guardian of tho estate of F. Brownlow Oelkors, minor. Juno 6, 1006. '2:5-20 CO YEARS' EXPERIENCE PATENTS COPYRIGHTS AC. Anyone ?ending a ?ketch ?nd description may oufoklf ascertain our opinion fres whether mi invention la probably patentable. Communion Moiisetrlctlyconndentfnl. UAH fl BOOK on Patenta ?ont tree. Oldost agency ror Recuring pat outs. entonta takon through Munn A Co. receive ?prcUti ii..(Icc, without charge, In tho Scientific jftnericait. A handsomely Illustrated weekly. largest cir dilation ot any ?oleiitlno tourna . 1 orin?. SS n T?wr; four months, $?. Sold by all newsdealers. MUNN fcCoT*"-*"* New York Braach otnee. 1Q6 V Ht., Washington. D. C. To Cu Toke Laxative Bron Seven Million boxea sold In past 13 n 4 ORINO axa?ive Fruit Syrup For Sale by J. W. Bell. Cleanses the system thoroughly and clears sallow complexions of pimples am? blotches. It is guaranteed List Your Farms With fie. *f m fi 1 . L/uti mr Jr . Real Estate Dealer, WALHALLA, S. C. Office: People's Bank. BLUE RIDGE RAILWAY CO. HETWliKN HELTON AND WALHALLA. Tim? Table No. !0.-In Effeot April 29, 1606. EASTBOUKD 12 Choice Farm, Business and Resident Property for Sale. ?OLEYSHONLYA^TAR for children! tafe. ?ure. Mm mplatom Walhalla. Wost Union. Senooa . Sc ll ccu. .Jordania Junction *A damn. .Chorry. Fendletou. .Au tu u. .Denver . .Weat Anderson - Auderaou- PaaaDop Anderson-PaaaDop .Andoraon-FrtDep Holton. A M 8 40 8 60 0 08 5 10 9 24 9 27 9 36 9 42 9 49 10 06 10 10 10 13 10 35 10 P.M. 1 36 1 40 2 00 2 03 2 16 2 19 2 26 2 33 2 40 2 63 3 00 8 10 3 12 3 36 3 10 8 12 3 36 WESTBOUND Lv Holton. Lv .Anderson-Kr't De Ar Anderson-Pasa Do Lv Anderson-Pasa De Lv . Weat Anderson Lr "Denver. Lv "Antun. Lv Pondleton. Lv 'Cherry. Lv 'Adams. Lv *Jordanla Junction. Ar Seneca. Lv Senooa. LT Weit L'a iou. Ar Walhalla. PM 3 66 4 20 4 22 4 27 4 40 4 47 4 62 1 69 603 6 18 6 21 6 39 6 44 A M 10 66 11 16 ll 17 U 21 ll 31 ll 36 ll 42 11 49 lt 62 12 04 12 07 12 25 12 30 AM. 10 66 11 16 ll 17 ll 21 11 31 ll 36 ll 42 11 49 lt 62 12 04 12 07 1 06 1 20 1 26 A M 8 30 8 36 S Al 9 00 9 36 9 46 9 49 10 07 10 10 1 06 1 40 1 46 PM 6 80 6 60 6 07 . Flag stations. Will also atop at the following atatlons to take on and let oft paaaenKera: Phlnney'.i, Jamea'a and Sandy Springs and Toxaway. Nos. ll and 12,drat claas paaaonpor,daily; Not). 9 and 10, dally except Sunday; Noa. 0 and 6. Sunday only; Nos. 7, aocond claai, mixed; dally ' except Sunday; Noa. 3 and 8, mixed daily; No. 18, paaaenger, dally. A. B. ANDREWS, President. J. R. ANDER80N. Superintendent. I AM DETERMINED TO DO THE LIVERY BUSINESS for this community. Come on and get your teams. Harding Teaing Single and Double Buggy Teams and Saddle Horses, Always on hand. Prompt and polite service at reasona ble prices. Teams sent ont at any hour, day or night. Phono 10 or ll for quiok foams. ?J. R. 1101(111 NS, Walhalla, S. C. SAVE MONEY! Linseed Oil retails at 05c. per gallon. House paints retail at $1.65 per gallon. Why pay $1.65 for Linseed Oil sealed up in a paint can, when you oan buy it from the barrel at 05c? Buy Wadsworth Semi-Paste Paint at $1.65 from your dealor; add a gallon of oil to a gallon of paint for three-coat work, and reduce the cost of the paiut ready for use to a little more than ono dollar per gallon. Don't take a substitute for Wadsworth. It has no substitute. J. & J. S. CARTER, Dealers, Westminster, S. C., -OR King Paint Manufacturing Co., Brooklyn, N. Y. CLARKE & BUTT, * Cotton Factors and Commission flerchants, 843 Reynolds St., Augusta, Qa. Bagging, Ties and Best Fertilizers. LIBERAL ADVANCES. CHARGES REASONABLE. PERSONAL ATTENTION TO ALL BUSINESS. Special Attention Givon to F. 0. B. Sales. JOB PRINTING Send your orders for Sta tionery and Advertising Mat ter to Tho Courier and got f The 13 est is Always tlie O lien pest,. THREE PAPERS A WEEK FOR $1.50. Hy a clubbing arrangement with tho Charleston Somi-Woukly News and Cou rier wo aro offering that papor and Tho Kcowco Courier fpr $1.50 por year. Tho Keowco Courier is recognized not only as tho best paper In Oconoo county, but it is rated among the host county papers in South Carolina. Tho Semi-Weekly Nows and Courier is an excellent jour nal, published on Wednesdays and Satur days, f ves tho dotailed news of South Carolina " a special fosture, and carries tho full Associated Press dispatches from all ovor tho world. Tho .combina tion of tho two papers at $1.50 gives our present readors, as woll as new sub soribors, an opportunity to socuro two of the best napers in tho State (throo papers a week) tor 50 cents moro than tho rogu lar prico of olthor. Let us sonc* you two of the very host papors in South Carolina for almost tho price of ono. I SOUTHERN RAILWAY. TH HOUGH SERVICE EVERY DAY ALL THE HIGH-BACK COACHES. Drawing-Room Bleepers -and Southern Railway Dining Cars. FINEST CAHS! FASTEST TIME 1 Convoniont Schedules on Local Trains. For full information, consult Southon) Hailway Agent, or R. W. HUNT, Division Passenger Agont, Charleston, S. C. BROOKS MORGAN, Asst. Gen. Passenger Agont, Atlanta, Ga. any re a Cold in One Day mo Quinine Tablets.^ rtfcjb lonths. This signature, w. SfTJ&yr Cure? Grip In TwroPaj^ on every] box. 35c.