Keowee courier. (Pickens Court House, S.C.) 1849-current, April 08, 1908, Image 3
* THE FARMERS' UNION *
* NEWS BUREA V. .
* Conducted by tho Executive *
* Committee, South Caro- *
* lina Farmers' Union. *
The Organization.
Trying to run a Farmers' Union
without due obedience of its constl
tuion ls something likq trying to ride
a colt without a bridle on him.
Early maturity, lt ls said, brings
hasty decay. Don't be too nasty
about learning the constitution and
graduating in the special course on
union principles.
Whilst you are at every day labor
ing hard, with your nose and eyes
turned down between cotton rows,
trying to lift yourself out of the mire
by yourself, by hard tugging at your
own boot straps trying to coax your
freedom out of the soil by hard la
bor alone, some slick duck ls off
yonder weaving an agricultural web
to oateh all the profits ,on your cotton
crop. Wake up there, Old fellow,
and come out to the farmers' meeting
and help head off these chaps that
neither toil nor spin, but they have
been thriving like the lilies of the
field off of the fat of your lands and
labor.
Now and then we meet up with,a
bucking member in the union that
cannot be persuaded to pull true with
the members. After trying him thor,
oughly with a kind of bronco kinch
and an Oklahoma kicking strap and
crupper with no improvement, better
turn him out to grass. He is not
worth his keeping.
Human' kindness and brotherly
love talk have no influence over that
class ot men that love to hum this
chorus: "All In, down and out-If I
ever get my hand on a dollar again,
I am going to hold to lt; lt's my
only friend."
The social feature of the Farmers'
Union not only Improves the moral
character of farmers, lt also teaches
the benefits of co-operation in busi
ness. When they learn how actual
dollars run Into the members' pock
ets you may not worry about enthu
siasm In the union. That will follow
as sure as smoke follows Are.
Plain Living and High Thinking.
At our last meeting of this club one
brother read an essay on an article
he saw In a dally paper about the
prosperous condition of the farmers
In a certain section where all were
paying cash for their flour, corn, ba
con and feed stuffs. Why not raise
all these and Bave the cash? In com
ing to this meeting we met a man
going home from town driving a one
mule wagon, loaded with one back of
corn, two bales of hay, some small
immUrs and one sack of fertilizer.
The club spent ono hour discussing
the relative value and usefulness of
this man, and whether he was really
to be classed rn a farmer or a cross
between a cotton bear, merchant, far
mer and a fool! A committee of
three was appointed to investigate
this man and make their final report
to this club on the 15th day of No
vember next.
Cotton.
Not long since a piece by William
E. Curtis, in the Chicago Record, was
paraded In the newspapers over the
South with a statement that the esti
mated average cost of raising cotton
in South Carolina is five cents the
pound. Wonder If he ever took bia
wife and children out In the cotton
field and tried it? or If this noted
pencil pusher has made any test of
actual work along this line? This
tame writer states in this article that
if cotton can be sold at ten cents the
planter can live in luxury. How
much luxury do you think a man,
mule and his wife and two children
would get out of twelve bales of cot
ton nt ten cents, after paying for fer
tilizer, farm tools, rent or taxes, and
food for all? The average luxury,
according to the same statistics,
would have to come out of a net
profit of less than $100, If really any
profit at all went to the grower. If
Curtis can write out profits on the
cotton lands of South Carolina at ten
cents like he writes it out on paper
nt ten cents, send him down here and
the cotton growers here will pay him
$10 for his services growing cotton
where ho now gets one In pencil
pushing.
Every right thinking, honest man
in any occupation now owns up to the
fact that the holding up of the cot
ton from a depressed market during
the panic ls all that saved the South
from financial ruin. This standing
firm under fire by the Farmers' Union
when "New York financiers sprung
the big game" to kill the Farmers*
Union and bankrupt the South, ls thu
one and only strong and stubborn
resisting force that warded off that
giant blow that was hurled at the cot
ton growers of the South by those
moguls of Hades. Very conservative
estimates on this saving Of organized
farmers ls never placed lower than
one hundred and fifty million dollars
saving to the South. Yes, Indeed,
the Farmers' Union has won a great
victory In a stubborn fight against the
combined capital of half the world.
Shame on that class of cotton grow
ers that have stood outsido or the
union and never turned a hand to
aid in this fight. The union has
made for'tho non-union farmers $10
to $15 per hale on all their cotton.
Wow be good and own up.
Reidsvllle, S. C., March 28, 1908.
-To tho Local Secretaries: The now
form blanks for the report and dues
for second quarter of 1908 have Just
been sent out to the county secreta
ries to be sent to the local secreta
ries. Instructions ?uv sent with the
blanks. Where tmJe is no county
union local secretaries will be sup
plied from t-*ls office and should re
port direct to tho State Se/ >etary
Treasurer. Whe-s a county union
bas been organiz?, local secrotarles
should report to the county secre
tary, sending the county, ?tate and
national dues with the proper divis
ion of the Initiation fees, as required
by the constitution. Please send in
reports with fees and duos promptly.'
J. Whltner Reid,
Secretary S. C. State Farmers' Union.
Union Growing in South Carolin?.
Executive Committeeman T. C. Wil
loughby last week organized nix lo
cals In Marlboro county and will work
in Horry county next week. Presi
dent B. Harris ls in the First District
rounding the boys up, and Bays noth
ing about it. Burn and J. B. Harris,
president ot the Oconee county union,
have been commissioned, and have
four new ones planted. Most of the
organizers are now too buBy with
crops to go out, but look out for the
biggest growth later on that has ever
been made in this 8tate.
Stand by Your Army.
Rally, boys, rally around the ban
ner of the Farmers' Union.
The advance of'the grand army of
the craftsmen of the farm marks the
beginning of the turning point of the
career of all those that have com
bined to rob the farmer of the profltB
on his honest labor.
The silent tramp, tramp, tramp, of
the onward movement of the Farm
ers' Secret Organization drives thril
ling terror into the ranks of our ene
mies that equals that terror of the
new noiseless.army gun.
The farming industry of our coun
try as to strength, financially, is at
least five times that of the combined
manufacturers of our country. Our
basic national Industry is agriculture.
Scarcely any combination of two
branches of other occupations equal
that of our farms in products. Our
farmers not only feed them all,
but they lead them all in exports,
and cotton brings In all the bulk of
all the gold from other countries.
As to the strength of the farmers'
ballot arid consequent power to cor
rect tho evllB of government, or im
prove the economic conditions ot
trade that oppress our farming inter
ests, our farmers, as a body politic,
ls a great sleeping giant, and when
aroused to action in self-defence, our
enemies may look ont for shot. In
their rear as they retire over the
fence that protects our farming In
terests.
What ls lt then, after all this, that
gets Into the minds of farmers that
prompts them to bow down to others
and plead for help? It ls not simply
the lack of education, which will re
veal to them the benefits derived
from intelligent co-operation and uni
ted actiou for their mutual benefit.
It is plain cowardice, and the lack of
grit. It is not conservatism! No!
you can't pass around cowardice for
conservatism any more than you
could pass around whitewashed rye
for rice.
Cotton.
Both cotton mills and cotton grow
ers are now working a hot and hard
game of bluff at each other. Grow
ers are pledged to cut acreage 25 per
cent and t in mills are pledged to cut
their production 25 per cent. We
know of some mills that are cutting
only forty minutes per day, whilst
they are advertised for a 25 percent
cut on production. We also know
some cotton growers that are pledg
ed to cut acreage that are plowing
to plant their usual acreage in cot
ton, but a large number are cutting
heavy.
Fertilizer trade was 80,000 tons
short in South Carolina the first of
March. It is to-day equal to last
year, but a larger proportion of fer
tilizers are being used on grain this
year than ever before. But notwith
standing all this, ther? is evidence of
danger ahead for the all cotton
grower. The chances are that we
may look for something to drop or
fall on the all-cotton planter, and you
had best stand from under danger.
Cotton goods aro now retailing at
a price that would, we are told, make
it profitable to spin cotton at 15
cents, and yet the mills are trying to
reduce prices by bucking and shut
ting down, which has caused produc
ers of raw cotton to make calcula
tions and seriously consider the wis
dom of manufacturing their raw
cotton.
There are many counties in the
South now that spin from one to four
times the amount of cotton produced
In their respective counties. For il
lustration, I am told that Anderson
county, the second largest cotton
producing county in the State, spins
about four times as much cotton as
ls grown in the county.
Now, the limit In this brow-beat
ing and legal robbing of cotton
growers has been reached, and if
those in charge of the mills will not
spin, there are others that can build
more mills and spin, too. In fact,
the Southern farmers before the war
did spin eight tenths of the goods
worn by the common-wealth people,
and when the necessity stirs them
up to this point they will do lt again.
On one side of this grim and re
lentless contest between producers
and buyers of cotton ls the toiling
millions of half paid farmers bat
tling for reasonable profits on his
labor, on the other side are the cap
tains of greed and graft, who have
assumed the privilege of setting
prices and levying tribute upon pro
ducts that they have not spent a
day's m bur ur a dime to produce.
Every device that greed could plan
to outwit the cotton farmer has been
used to bear down the price of cot
ton, and the weaker have been forced
to take the cotton bear prices or
take to tho woods. In their despera
tion to rule or ruin, the recent made
to-order panic has caused thc mills
and other manufactories to shut
down or cut time at the peril of
bread riots. This drastic action of
the money power of Gotham la send
ing out great armies of tramps over
tho country who will grow Into law
breakers. The failure of our govern
ment to throttle these panic breed
ers, gamblors and destroyers of peace
and prosperity of our common coun
try, are recruiting an army of law
breakers and breeding anarchists,
and these same people talk about
shooting down with gattllng puns
the very people they have forcod to
this extreme desperation.
CASTOR IA
For infant? and Children,
The Xind You Have Always Sought
Signature of
Your
Passing
Shadow
LIKE A METEOR SHE SHOT
From Fifth Story to Ground Envel
oped in Flames.
New York, April 1.-After a brave
attempt to save her father from a
death by fire, Lena Isaboll lies dying
to-day in Flower Hospital, after a
five-story loap from her home.
Hundreds in the street saw her
plunge, a mass of flames, from the
window and scores of willing hands
aided to smother the fire In her
clothing and to place the scorched
and bruised young women lu an am
bulance. '
Yesterday was her ?mthday. She
was Just 18 years old.
At an early hour to-day a lamp ex
ploded and Vincenzo, the father, has
tily springing from bed was at once
enveloped in a mass of flames. Shout
ing a warning to his family and en
deavoring to beat out the Are, he was
in great danger, when from an Inner
room, Lena rushed out to his aid.
With her bare hands she strove to
save her father, but her own light
clothing at once took fire. Joined by
his brother, Frank, the father, for
getting bis* own danger, tried to save
his child. but maddened with the
pain the girl eluded their grasp, fled
to the window, threw lt open and
launched herself like a comet down
to the street.
As the onlookers saw her leap, a
cry went up. The girl struck on her
back and head, sustaining a com
pound fracture of the skull and such
severe Injuries that at the hospital,
where she was taken, it was said her
chances of life were very small. The
girl's uncle also became enveloped in
flames and rushed to the street. He
was caught and rolled on the ground
until the flames were extinguished
and then rushed to Flower Hospital.
How to Avoid Appendicitis.
Most victims of appendicitis are
those who are habitually constipated.
Orino Laxative Fruit Syrup cures
chronic constipation by stimulating
the liver and bowels and restores
the natural action of the bowels.
Orino Laxative Fruit Syrup does not
nauseate or gripe and ls mild and
pleasant to take. Refuse substi
tutes. Sold by all druggists.
TWIN GIRLS UNITED AT HIPS.
Death May Result from Attempt to '
Separate Them.
London, April 2.-A Brighton wo
man has given birth to twin girls,
who are united at the hips by what
is believed to be an indissoluble
bond of flesh and bone. Dr. James
Rooth, who is .attending the case,
states that each child has a distinct
Individuality, for one has been no
ticed to be crying while her sister
was sound asleep. The babies are
joined in such a way that they are
almost back to back, and they have
to sleep on their sides with faces
turned from each other.
It is believed that any attempt to
separate them would lead to the
death of one or both, but to ascertain
exactly whether this is so the chil
dren are to be photographed under
the X-rays in order to reveal the na
ture of the connection. At present
the children are very healthy and
lively. 1 heir mother ls poor, and the
strange twins have been adopted by
a childless woman.
Heyward Quits Warehouse Company.
Columbia, April 3.-At a meeting
of the directors of the Standard
Warehouse Compony, held In the of
fice of the company in this city to
day, former Governor D. C. Heyward
tendered his resignation as president
of the company, a position which he
has held since the company was or
ganized a few years ago. Governor
Heyward's action was taken in order
to permit him to devote his time
more largely to his carididacy for the
United -vates Sonate.
Peace, Dear Peace !
During tho 127 days that the P*?ace
Conference at The Hague lasted , the
delegates had 317 dinners given in
their honor. . These dinners cost al
toaether $523,600, the most expen
sive being those given by Senor Bar
bosa, of Brazil, who on several occa
sions spent on flowers alone from
$1,600 to $2,000. The general ex
penses sustained by the governments
ampunted to $2,970,000.
The Now Pur? Food and Drug Law.
We are pleased to announce that
Foley's Honey and Tar for coughs,
colds and lung troubles ls not affect
ed by the National Pure Food and
Drug Law, as lt contains no opiates
or other harmful drugs, and we rec
ommend it as a safe remedy for chil
dren and adults. Sold by all drug
gists.
No Freo Wood Pulp.
Washington, April 2.-The effort
on the part ot tho Amorlcan Newspa
per Publishers' Association to obtain
legislation by Congress, putting print
paper and wood pulp on the free list,
has been blocked by the wayo and
means committee of the houce, which
has refused to give them a hearing.
The reason assigned by the chairman
ot the committee for Its refusal is
unwillingness to add to the uncer
tainty and disquiet always caused by
a presidential election by entering
upon a revision of the tariff.
Woman's trouble* thro*
Maka yours Into a passing sha?
order of vhl?h has caused you
backache, nervous spolia, drags
Win
mn?. R. H. Lawson, of
doctors; they did no good, so I \
better than tn 20 years." Sol?
WRITE US A LETTE
i--___
MOURNED AS Di:A I*.
Taylor Carson, After an Absence of
Thirty Years, Returns Home.
Spartartburg, March 31.-Taylor
Carson, who left his home in North
Carolina one night thirty-five years
ago, has returned to this country,
and ls now on a visit to bis brother,
J. L. Carson, in this city, having ar
rived Saturday night from the West,
bringing with him wealth estimated
at % 150,000, which he realized from
the sale of his Interest in a gold
mine at Rawhide, Nevada.
Mr. Carson left his home in North
Carolina thirty-five years ago, and
during all those years he was mourn
ed as dead, for from the time he left
his home until he reached Ruther
ford ton last week nothing had been
heard from him. The meeting of
the two brothers in this city Satur
day night was a happy one indeed.
Mr. Carson has visited all the gold
mining sections of the great West,
and he suffered many hardships and
ups and downs. Some time ago he
went to Rawhide, Nev., where he be
came Interested in a claim. The
claim turned out well aud he decided
to ?el: out and return to the home of
his brother. He sold out his inter
est for $148,000 and is now in a po
sition to retire and enjoy life.
. Struck by Water Column.
Spartanburg, April 3.-While lean
ing out of the window of a passenger
coach looking at some boys on the
side of the train scramble for money
thrown out by passengers, J. Stead
man, aged 35, from Jersey City, was
struck by a water column at Blacks
burg yesterday and his scalp severely
wounded. He was taken to Spartan
burg for medical attention. His con
dition is considered serious as he is
suffering from concussion of the
brain. Steadman was leaning out of
the car an arm's length and did not
see the water column attached to the
tank as he was looking towards the
rear of tho train.
Weak women get prompt and last
ing help by using Dr. Shoop's Night
Cure. These soothing, healing, anti
septic suppositories, with full infor
mation how to proceed, are inter
estingly told of in my book "No. 4
for Women." The book and strictly
confidential medical advice is entire
ly free. Simply write Dr. Shoop,
Racine, Wis., for my book No. 4.
Sold by J. W. Bell.
Sold His Editorial Columns.
Raleigh, N. C., April 2.-The State
Supreme Court has decided in the
case of Editor Kin*, of Greenville,
who sold the edltorlul columns of his
newspaper to the Norfolk and West
ern Raflroad, and then sold the rail
road for the contra t price, that the
contract is void because contrary to
public policy and based on improper
consideration. The Court held tnat
there ls a distinct difference between
advertising columns and editorial
matters.
"The Blood is The life."
Science has never gone beyond th?
sbovo simple statement of scripture. But
it has illuminated tl at statement? and
given lt a meaning ever broadening with
the increasing broadth of knowledge.
When the blood is "bad" or impure it
ls not alors the body which suffers
through disease. The brain is also
clouded, Hhe mind and judgement are
effected, and^aany an evil deed or Impure
^?V1^>B^N^Hrectly traced to the
hnpWtyofthe Bibed} Foul, imping blood,
can ba mad? nurg fry \S$ "f flf Pji
Pierce's Ooldan Medical niaflnvrj . jj
nnrlchyayrl nnrlfl*. ifffl SfifcOititEi
curing, pimples, blotches, eruptions and
othev cutaneous affections, as eczema,
tetter, or salt-rheum, hives and other
manifestations of Impure blood.
? o ? o,? ? ?
In the cure of scrofulous swellings, en*
larged glands, open eating ulcers, or old
tores, the "Golden Medical Discovery "has
performed the most marvelous cures. In
cases of old sores, or open eating ulcers,
lt is well to apply to the open sores Dr.
Pierce's All-Healing Salve, which pos
sesses wonderful healing potency when
used as an application to the sores In con
junctlon with the us? of "Golden Medical
Discovery "as a blood cleansing consti
tutional troatment. If your druggist
don't happon to have the "All-Healing
Salve" In stock, you can easily procure lt
by Inclosing fifty-four conts In postage
stamps to Dr. R. V. Plorce, 663 Main St.,
Buffalo, N. Y., and lt will come to you by
return post. Most druggists keep lt as
well as the "Golden Medical Discovery."
? ? 0? CD ? ?
You can't ?fford to accept any medicine
Of Vi il, muru cnn, ?u ?si timi as S Substitute
for "Goldon Medical Discovery," which is
a medicine or KNOWN COMPOSITION,
having a complete list of ingredients in
plain English on its bottle-wrapper, the
samo being attested as correct under oath.
Dr. Pierce's Pleasant Pellets regulate
and Invigorate stomach, liver and bowels.
Cures Biliousness, Sick
Headache, Sour Stom
ach, Torpid Liver and
Chronic Constipation.
Pleasant to tall?
iiiiiiiiiniiiillHiiniliiiMWiiiim .rnmi
r a cloud over their Irres, which neglect s
lovby taking a medicino that act- direct!
- vomonly troubles. . Tba right ramed/ f<
[lng pains, Irregular functions etc, ls
ie of Ca
Sprott, Ala? writes: I suffered with fem
took Wino o? Cardut. I have taken 18 b<
1 by all reliable druggists, In $1.00 bc tUea
RWrtto ?odiiy fvf a frc? cooy of v*la*Ne M-t>?x? rt??
CITATION A OT icio.-The State
of South Carolina, County of Oconee.
in Court of Probate.-By D.A.Smltb,
Probate Judge.-Whereas, Albert
Brown has made suit to me to
grant him Letters of Administration
ot the Estate of and Effects of Ervin
Craine, deceased;
These are, therefore, to cite and
admonish allandslugular tho kindred
and creditors of the said ERVIN
CRAINE, deceased, that they be and
appear before me, In the Court of
Probate, to be held at Walhalla Court
House, South Carolina, on Saturday,
the 18th day of APRIL, 1908, af
ter publication hereof, at ll o'clock
in the forenoon, to show cause, lt any
they have, why the said administra
tion should not be granted.
Given under my hand and seal this
1st day of March, A. D. 1908.
(Seal.) D. A. SMITH,
Judge of Probate for Oconee County,
South Carolina.
Published on the 1st and 8th days
of April, 1908, in The Keowee Cou
rier, and on the Court HOUBO door
for the time prescribed by law. 14-1
INTERNAL REVENUE SERVICE,
District of South Carolina,
Deputy Collector's Office,
Greenville, S. C., March 28, 1908.
Notice is hereby given that the fol
' owing described property, having
(been seized on the 28th day of March,
i 908. In the town of Walhalla, 8. C.,
for violation of Sections 3296, 3289
and 3450, R. S. U. S., parties claim
ing the same must file bond in the
Collector's office within 30 day; of
the date hereof or the same will be
forfeited to the United States.
Two Black Mules, one about 6
years old, the other about 8 years
old.
One 2-Horse Wagon and set of
Double Harness.
Five pigs.
Six gallons corn whiskey.
Seized from Mart Hopkins.
JOHN P. SCRUGGS,
Deputy Collector,
Third District of South Carolina.
April 1, 1908. 14-16
NOTICE TO TRESPASSERS.
All persons are hereby warned not
to hunt, Ash, graze or let stock run
at large, or trespass In any manner
whatsoever upon my lands in Keowee
Township, Oconee county. All per
sons disregarding this notice will be
prosecuted to the fullest extent of
the law. M. B. FINLEY.
Salem, S. C. April 1, 1908. 14-17?
SUMMONi FOR RELIEF.
I THE STATE 0 f SOUTH CAROLINA,
COUNTY OF OCONEE.
Court of Common Pleas.
[Summons for Relief-(Complaint
Served.)
Annie T. Moss, Plaintiff,
against
Minnie M. Smith, as Helr-at-Law and
Administratrix of James 1. Smith,
deceased, Rex Smith, Viola' May
Smith and James T. Smith, De
fendants.
To the Defendants Above Named:
You are hereby summoned and re
quired to answer the complaint In
this action, of which a copy ls here
with served upon you, and to serve a
copy of your answer to the said com
plaint on the subscriber, at his office,
on the Public Square, at Walhalla
Court House, South Carolina, within
twenty days after 'ne service hereof,
exclusive of the day ->t such service;
and if you fail to bulwer the com
plaint within the time aforesaid, the
Plaintiff in this action will apply to
the Court for the relief demanded in
the complaint.
Dated this 9th day of March, 1908.
[Seal] C. R. D. BURNS, C. C. P.
J. B. S. DENDY,
Plaintiff's Attorney.
I To the Defendant Minnie M. Smith:
Take notice, that unless you pro
cure the appointment of a Guardian
ad Litern to appear and defend thin
action on behalf of the infant De
fendants, Rex Smith, Viola May
Smith and James T. Smith, within
twenty days after service of the Sum.
mons herein upon you, an applica
tion will-be made to the Court to ap
point SD i ur suitable person to appear
and defend the above entitled action
in their behalf. J. B. S. DENDY,
Plaintiff's Attorney.
April 1, 1908. 14-19
FINAL SETTLEMENT.
Take notice that on the 16th day
of April, 1908, I will "ender a final
account of my acts and doings as
Administrator of the Estate, of Mrs.
Mary A. Scurry, deceased, In the
office of the Judge of Probate of
Oconee county, at 10 o'clock a, m.,
and on the same day will apply for
Final Discharge .'rom my trust as
I Administrator. J. W. BUTLER,
Administrator.
March 18, 1908. 13-16
fOIEYSHONEY^TAR
Cures Ooidti Prevent? Pneumonie
ORINO
axative fruit Syru
SOLD BY AL?i DRUGGISTS.
my causo to become permanent
y OD your wxnanr/ organs, th? dla*
ar you, whoo you have headache,'
rdm
ale trouMe* cor 12 years; tried 4
>ttles,"foel greatly relieved and am
u Try it
rmUi Book for Womr. M W Med
1 [tpi/ viii be ee?tKt plataSaealsd
i f4/HVrtnt Ox? rr ini rnieaj MMSII
TT /til O? ORE AT IO Mt
Smtss??i
of a good Uniment is in its
warming, penetrating and
scattering qualities. The
ingredients of Noah's Uni"
ment are such that with
very little rubbing the parts
are warmed, the inflam
mation and congestion
scattered, and the relief
is 9 almost instantaneous.
For Rheumatism, Sciatica. Lame Back. Stiff
Joints, and Muscles, Sore Throat, Colds, Strains,
Sprains, Cuts, Bruises. Cohc, Cramps, Indiges
ti?n, loothache, and all Nerte. Boneand Muscle
Vches and Pains. The genuine has Noah's Ark
on every package, ajc, $oc. and * 1.00 o y a 1 ldorxl
ersln medicine every where. Samnteby mail free.
>O?M mmoy OO.,?I?H?O?O, ?osToe.iiA-,, y.s.o.'
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 OCONEB KNITTING MILL
to Fifty Thousand Dollars ls deemed
advisable by the Board of Directors
of said Oconee Knitting Mill, a cor
poration organized under the laws
of the Stat? of South Carolina;
Therefore, Be lt Resolved:
Firet. 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 it One Hundred Dollars per
share.
Second. That the new stock thus
created be hereby constituted a Pre
ferred Stbok to the extent and for the
period hereinafter stated.
Third. This Preferred Stock shall
be entitled, for the period of ten
years, from July 1, ls)08. or any ali
quot part thereof, to dividends 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 i-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, it the earnings are
not sufficient to pay them at the end
of' any six months, when the same
shall become due and payable, such
defaulted dividends shall he added to
the dividends falling due cn said
Preferred Stock fat 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 in case of liquidation
at any time, the preferred stock shall
take precedence over the original
stock; that is, the Preferred Stock
shall be paid In full, and the amount
of all cumulative unpaid dividends
thereon, before any piyment is made
on the common stock. The holders
of this Preferred Stock shall be en
titled to vote at all meetings ot stock
holders in ilk? manner as holders of
the original or common stock.
Fourth. The holders of Preferred
Stock may, at any time before July
1st, 1913, exchange the 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 oxchange ls
m ado, the 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 ot' 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 cont inter
est-bearing debt against the corpora
tion for Its face value, with the
amount of all unpaid cumulative div
idends, if any, and shall be a first
Hen on the,property of the corpora
tion.
Sixth. That a meeting of the Stock
holders of Oconee Knitting Mill is
hereby called to meet at itsyofilce on
SATURDAY, the 18th day of APRIL,
1908, at 8 p. m., to consider the fore
going resolution and also such other
business as may be incident thereto.
R. T. JAYNES, President.
JAS. M. MOSS,
Secretary-Treasurer.
Walhalla, S. C., March 14, 1908.
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sallow complexions of
pimples and blotches*
It ta guaranteed