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KEOWEE COURIER (ESTABLISHED 1849.) Published Every Wednesday Morning. -By Jaynee, Shelor, Smith Sk Steele. Subscription, 91.00 Per Annum. Advertising Rates Reasonable. Communications of H personal character charged for as advertise ments. Obituary notices and tributes of respect, of not over one hundred words, will be printed free of charge. All over that number must be paid for at the rate of one cent a word. Cash to accompany manuscript. WALHALLA, S. C.: WEDNESDAY, MARCH 18, 1008. THE NEW POSTAL LAW. Many of our suoscrtoers n,i\<- asked us why the postal laws were changed in regard to the mailing of papers on which the subscription price Is not pam. some seem to feel that the ruling is a scheme gotten up by the newspapers to compel payment of subscriptions; on the other hand, some newspapers have been liberal In their denunciations of the rule as injurious to their business. Howpvor that may b? we are not prepared to say, as Che rulb'? lins not yet be come effective. After April 1st, the date for the rule to become effective, we can teil more about it. We -do not, however, seo where lt can work a hardship either to tlie subscriber or tho newspaper. Tile subscriber pav;i for nh paper, ithat is, the great majority do), and lt is only a ques tion of paying for it as lt conies due, .or letting it run for years, thou pay ing four or five dollars at a time. If the now rule ls complied with li will, we think, be more satisfactory rill around. It ls easy to pay for a pa per one year at a time, and lt ls bnrd sometimes, after running on credit for years and years, to como down with from $5.00 to $10.00. That, too, ls an injustice to tho news paper, and if practiced to a great ?extent would swamp h^lf the week Mea in the State for the simple rea son that the newspapers cannot car ry accounts year after year with their supply houses except on a basis o.f paying interest on bills, lt brings it ?down to a simple proposition of the newspaper paying cash for material, supplies and labor and selling tho output on credit with no Interest; or, lacking cash, forces the newspaper to borrow at Interest and sell on credit without Interest. Both of tho propositions are totally lacking In sound business principles, and either, if practiced to a great extent, will provo disastrous. As a matter of fact, we fail to see where there ls any Injustice In the post, office ruling. The following statement of facts by Th" *d Assistant Postmaster Gene ral Lawshe, the author of the new regulations, may prove Interesting to many: "Ceitain p'dilations which are spread broadcast over the country merely for tho sake of getting the ad vertisements they contain before the people practically will be driven out of business. Hundreds of periodicals heretofore have been published whose subscription lls'ts were padded to the utmost limit. It made no difference to the publisher whether people paid the subscription prlOO Of tho periodi cal or not. The price was purely nominal In most instances. The ad vertisers 'paid tlie freight,' so they pay, and the governnieut carried the lake publications practically free through the malls. "Now the situation hus been changed. Hereafter tho governnieut will not have the mails burdened With enormous subsc. I ;>tion ll "ts that are not genuine, or with sample copies of this publication or that which does not pay iis own way through the malls During the month of January nearly 20,000,000 less copies of purely advertising pub lications wore carried in the malls iban wore carried during the month of December before the new regula tions became effective. Heretofore these publications have been trans ported by tlie department at pound rates, precisely as real newspapers. "This constituted an abuse of the mall prh liege that never was within ?contemplation of Congress when thai part of the postal law was enacted. The sending ol vast, amounts of sec ond class matter through the malls ?loos not increase the revenue of the department to any great extent, but it. does Increase tremendously the expense and trouble. The sample tiOpy abuse has also been carried to extremes. "It ls an absolute fact that some publishers rarely, If ever, take a .i.ime from their subscription lists rtfter lt has been placed thereon, not withstanding tlie fact that the sub scription has expired and Hie sub ;.v?.Tiber no longer wants the publica felon. These conditions are dealt with Sn the regulations, and once they aro uiderstood and conformed to by pub lishers tho result will be beneficial, ?ot only to tho government, but also to publishers and subscribers. "'Heretofore thc second-class mat ter has amounted to nearly seventy por cent of all tho matter carried through tho mails, and yet lias yield ed less than Aye per cent ol' the reve nues. Under the regulations this 'proportion will be changed. I be lieve tho second class matter will iiruount, when business ls adjusted to the new regulations, to not more than Hf ty per cent of the mall matter, and that the rovenues from this class will show an appreciable increase." IMPROVING HI'HA li SCHOOLS. There are many In Oconee county who will regret to learn that active work lor the improvement o' the ru ral schools haa been, temporarily at least, suspended so far ns the regnlur organization is concerned. The state ment coin?s from those in authority that tho work has met with so little sympathy In Ibis county that it is deemed advisable to withdraw from active work hore for the present. As a result no organizer or othor officers have boen chosen to carry on the work as heretofoi'e. We are probably not In a position to judge the situation Intelligent!/, but on its fact this action seems to us not entirely the proper mode of procedure. In reality, as we see lt, the first and most important work for BUCii an organization is the creating of sentiment, then enlisting of sym pathy then active work. It maybe questioned whether the fault, lt fault there bo, lies not in tlte fact that ac tive rtork was begun before the pro per foundation was laid. Be that as lt may, we doubt If any county In South Carolina has made more rapid progress In rural school work during the past ten years thau has Oconee and this, too, In face of the too appar ent fact that our schools aro yet far from the Ideal. In spite of the withdrawal of active support from the State organization, wo do not bolieve the real work i t Improvement will bp stopped or ev?. . materially hindered. The people ot Oconee have become too alive to tlu improvement to allow this fact to en ter as a hindrance to their progress The work should be pushed with oven a rester zeal. The railroads of this country are commonly and frequently referred to as Hie arteries of commerce. In the light of recent events-particularly tho general movement toward pro hibition-tho express companies are rapidly coming to the point where they may justly be referred to as the Jug-ular veins of commerce. One Benjamin Ryan Tillman; of South Carolina, is just at present hard at work, sleeves rolled up and boxing gloves on, Jabbing President Roosevelt In the ribs with his usual mitts, "hard, cold facts." He ac cuses the President of even now "plnnnlng a truce with the rich mal efactors" and being "ready to grant amnesty io all past trust offenders" for political effect. And lt may bo that Benny ls not far wrong. NEW ADVERTISEMENTS. WANT TO MAKE MONEY ? If you are a farmer, and wish to make money by raising cotton, it will pay you to plant FLEMING'S IMPROVED. I have planted this va riety of cotton for two years, mak ing two bales to the acre on my best land, and one bale on my ordinary land. You will find three stalks of this cotton at The Courier office, taken from the field, that did not re ceive any extra fertilizer or cultiva tion, but are only a fair sample of the cotton, with ovei* 200 matured bolls to the three stalks. This ls the cotton to plant for a yield and to swell your pocket book. I have one hundred bushels of this seed to offer to farmers who wish to make from ono to two bales to the aero, for I have done lt for two years. Price, $1.00 per bushel. J. H. BARNETT, (15) Westminster, S. C. ADMINISTRATOR'S SALE. I will sell at the residence of the late Proston Brown, at 10 a. m., on |Aprt: 2d, 1008, the following personal property, to wit: Ono 1-horse wagon, ono small lot fodder, two small stacks hay, one crosscut saw, ono side harrow, one plow stock, one lot plows, one small lot of corn, one clock, one ...?iall lot seed cotton, one set wagon harness, one single barreled 5 hotgun. Terms of Sale: CASH W. O. WHITE, ?Administrator Personal Estate of Preston Brown, Deceased. March 18, 1008. 12-13 Statement of tho Condition of THE OCONEE BANK, located at Westminster, S. C., at the close of business March 9th, 1908. Resources. Loans and discounts.$12957 32 Demand loans. 3473 4 6 Overdrafts . 1232 31 banking House. 50 00 Due from banks and bank ers. 1502 83 Currency . 2 0 00 Silver, nickels & pennies. 70 Checks and cash Items. . . 15S3 75 Total.$L'OO 16 37 Liabilities. Capital stock paid In.... $13300 00 Undivided profits, less cur rent expenses and taxes paid. 522 72 Due to banks and bankers 502 80 Individual deposits subject to chock. 2 4 00 8." Bills payable. 4loo 00 Total.$20916 37 State of South Carolina, County of Oconee.-Before me came C. J. Mul key, Cashier, of the above named Bank, who, hoing duly sworn, says that tho above and foregoing state ment ls a true condition of sa'd Bank, as shown by the books of said Bank. C. J. MULKciY, Cashier. Sworn to and subscribed before me this 14th dav of March, 1908. (L.S.) W. D. Hull, N. P. for S. C. Correct: Attest H. E. ROSSER, D. P. BUTLER, C. J. MULKEY, Directors. Statement of tm* Condition ot THE WESTMINSTER BANK? located at Westminster, S. C., at the close of business March 9, 1908. Resources. Loans and discounts.... $173642 59 Demand loans. 4946 49 Overdrafts 1046 25 Jiomis and stock owned by the bank. 21075 00 Banking house. 5000 00 Furniture and fixtures.. 1000 00 Due from banks and bankers . 2896t> 66 Currency . 3145 00 Gold . 460 00 Silver, nickels & pennies 995 25 Checks and cash items. . 201 60 Total.$240478 84 Liabilities. Capital stock paid tn...$100000 00 Undivided profits, less ourrent expenses and taxes paid. 4254 66 Due to banks und bank ers . 101 70 Individual deposits sub ject to check. 53073 71 Time certificates. 52781 51 Cashier's'checks. 267 33 Bills payable. 80000 00 Total.$240478 84 State of South Carolina, County of Oconee.-Before me came T. Peden Anderson, Cashier of THE WEST MINSTER BANK, who, being duly sworn, says that the above and fore going statement ls a true condition of said Bank, as shown by the books of said Bank. T. PEDEN ANDERSON, C?shier. Sworn to and subscribed before me this 13th day of March, 1908. (L..S.) B. H. Cross, Notary Public. Correct: Attest M. S. STRIBLING, W. P. ANDERSON, B. H. CROSS. Directors. NOTICE INCREASE OF CAPITAL. Resolution of Board of Directors of Oconee Knitting Mill Increasing Capital Stock to Fifty Thousand Dollars. Whereas, an Increase of the capital stock of OCONEE KNITTING MILL to Fifty Thousand Dollars is deemed advisable by the Board of Directors of said Oconee Knitting Mill, a cor poration organized under the laws of the State of South Carolina; Therefore, Bo it Resolved: First. That the capital stock of Oconee Knitting Mill be Increased to Fifty Thousand Dollars by the issue of Twenty Thousand Dollars addi tional, or two hundred shares of the par value of One Hundred Do'lars per share. Second. That the new stock thus created be hereby constltrted a Pre ferred Stock to the extent aod fo * the period hereinafter stated. Third. This Preferred Stock shall be entitled, for the period of ten years, from July 1, ls)08. . r any ali quot part thereof, to di-, idends from the earnings of the corporation at the rate of seven per cent per annum, payable semi-annually on the first days of January and July In each year, beforo any dividend shall be paid v-pon the original stock, the first of said semi-annual dividends becom ing due and payable January 1st, 1909. These dividends shall be cu mulative, that ls, If ?he earnings are not sufficient to pay mem at the end of any six months, when the same shall become due and payable, such defaulted dividends shall be added to the dividends falling duo on said Preferred Stock at the end of the next six months, and so on, until all of said dividends are paid. After payment of an equal annual divi dend on the original stock, all earn ings applicable to dividends shall be shared alike by the new and origi nal stock, and lu case of liquidation at any time, the preferred stock shall take precedence over the original .tock; that ls, the Preferred Stock shall be paid in full, and the amount )t all cunio Inti ve unpaid dividends thereon, before any pi y men t ls made on the common stock. The holders of this Preferred Stock shall bo en titled to vote at all meetings of stock holders in like manner as holders of the original or common stock. Fourth. The holders of Preferred Stock may, at any time beforo July 1st, 1913, exchange tho amount of their Preferred Stock for the same amount of common stock, which shall be Issued to them by the Oconee Knitting Mill. If such exchange is made, tho holders will then be on the same footing as holders of original stock as to payment of dividends and all other rights and privileges, and the Oconee Knitting Mill reserves the right to retire the Preferred Stock at any time after January 1st. 1914, by paying to the holders thereof the face value in money, and also in money the amount of all unpaid cu mulative dividends up to date of said payment. Fifth. After the expiration of ten (10) years from July 1st, 1908, any Preferred Stock then outstanding shall become a seven per cent Inter est-hearing dobt against the corpora tion for its face value, with the amount of all unpaid Cumulative div idends, if any. and shall be a first, lien on the property of the corpora tion. Sixth. That a meeting of the Stock holders of Oconeo Knitting Mill ls hereby called to meet at Its office on SATURDAY, the 1.8th day of APRIL. 1908, at 3 p. m., to consider the fore going resolution and also such other business ns may be incident thereto. R. T. JAYNES. President. JAS. M. MOSS. Secretary-Treasurer. Walhalla. S. C., March 14, 1908. ;T. J. M c S W A IN i Attorney-nt-Law, GREENVILLE, 8. CAROLINA. BLACK SPANISH JACK. I have a full-blood Spanish Jack, 4 \t? years old at my stables, on? mlle South of Walhalla. Will stand for season. Rate for service $7.50. Call and seo him. CHARLES BURNSIDE. lOtf Walhalla, S. C., Route 1. MOSS & ANSEL Mar. 18 1907. Returns Thanks Mar. 18 1908. We have been in business one year to-day and our business has been very satisfactory, for which we want to thank our friends and customers for their liberal patronage. We ask for your kind consideration in t;he future. MOSS & ANSEL, Cement Front, Walhalla, South Carolina. im M M n mm*a Want Your Trade. Call in and sc? us ?and make arrangements for your Supplies and Guano. We are also the Loading Buggy and Wagon Dealers in Oconee County. We have a complete Stock of tho Celebrated*"! Corbett Buggios and Birdsell Wagons. The very best on the market. Seo us and save money. Carter & Company, P. S.: A few good Mules and Horses to sell at prices to suit the times. mwmj???mm\0m???$?mm}?m AreYouBuilding If you ocutemplate Building a HOME, BARN, or doing any Repair Work it means "DOLLARS" saved for you by getting in touoh with us. WE ARE HEADQUARTERS FOR WINDOWS, DOOKS, BLINDS, PAINTS, LEAD, AND OIL, LIME AND CEMENT. Just Received One Car (400) Kegs Wire and Cut Nails. Send or Bring us Specifications for your "BUILDING MATERIAL." L WE FURNISH OTHERS THROUGHOUT THE COUNTIES. WE CAN FURNISH YOU IF YOU WILL ONLY GIVE US A TRIAL. OUR PRICES ARE RIGHT. We have a Car of Stoves, the "GOOD KIND" WE ARE OFFERING CHEAP. Don't miss seeing them when In Town. MATHESON HARDWARE CO,