Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, July 21, 1905, Image 4
tumorous Brpartmrnt.
A Nsw Use For Old Calendars.
United States senators occasionally
follow the custom of newspapers In
hitting humorously at the city of Philadelphia.
and Senator Foraker stopped
In a serious debate recently to Indulge
his sense of humor. The senator was
having a passage at words with Senator
Penrose over the Chinese exclusion
bill. Foraker had asserted that the
courts have decided that no Chinese
except laborers may be excluded under
the present law, and he had alluded to
a decision of the supreme court.
Senator Penrose suggested that the
flfty-sewenth Federal reports contain a
different decision.
"Yes." said Mr. Foraker, "but long
subsequent to the flfty-seventh Federal
* -* *- - ? ?a ?iAyt(/|/wl o a T
reporis uie supreme cuun ucvram ?????
have said. The old report is not modern
law." Then he told this story:
"The senator from Pennsylvania reminds
me of the man who was going
around gathering up last year's almanacs
and calendars.
" "What can you do with those?'
some one asked him.
" 'Why, I intend to sell them in
Philadelphia,' he said."
?
A Qualified Assent.?Senator Allison
of Iowa, has the reputaton of being
the most cautious man in public life.
He takes no chances, but always qualifies
his statements. His letters are
marvels. During the past session of
congress the senator read to Senator
Hale a letter he had written on a subject
in which Senator Hale was also
interested.
"What will he think of that?" asked
Allison.
"I don't think he will get much out
of it," Hale replied."
"I didn't intend he should." chuckled
Allison.
This incident led an Iowa man to
tell the story of the rash citizen of
Dubuque who once made a bet he could
force Senator Allison to answer "yes"
to a direct proposition.
Half a dozen friends went along to
see the miracle performed. They entered
Allison's office and chatted on
various topics. Presently a flock of
sheep, newly sheared, came by.
"Those sheep have Just been sheared,
senator," said the man who had made
the bet, winking at his companions.
Senator Allison gazed earnestly at
the sheep. Then he repled softly: "It
looks like it on this side."?Saturday
Evening Post.
Vert Suggestive.?The mother was
expecting guests for the evening, and
at 8 o'clock the youngest son was told
that it was bedtime. The little fellow
persisted In sitting up for the occasion,
pleading fear of the darkness.
His mother assured him there was
nothing to fear, saying ne wouia not
be alone, as the angels would be In the
room to guard him. Finally the youngster
reluctantly went to bed. An hour
later a little figure appeared in the
dining room doorway, much to the
amusement of the entire company, saying:
"Mamma!"
"Well, dear?" his mother said.
"May I speak, mamma?"
"Certainly, dear. What do you
want?"
"Mamma, are the angels in my room
now?"
"Yes, dear."
"Are they in my bed, too?"
"Oh. yes, yes, dear," answered the
mother impatiently.
"Well, then, mamma, the angels are
biting me."
Julius Caesar Up to Date.
One of the famous orators of Texas
was Colonel Tol Boule. an unlettered
genius, who had much language at
his control and few facts.
Bouie referred to the assassination
of Julius Caesar in one of his speeches.
This is what he said of that historic
incident:
"One beautiful summer day when
Julius Caesar was walking down the
streets of Spain, happy and free from
care, along came Brutus and snuck up
behind him with stealthy tread. Then
Brutus drew his bowle knife and
plunged it into the immortal ribs of
Juiius Caesar, and that grand man,
completely taken by surprise, turned
on Brutus and in tones of thunder said:
'Is that you. Brutus, you dirty dog?'"
?Saturday Evening Post.
Forehanded Boys.?It is perhaps not
true that in St. Louis, when the noon
whistle blew, a carpenter, nailing shingles
on a roof, left his hammer suspended
in the air at the upper end of
a stroke and went to lunch, but Search
* Light vouches for the following, which
is along the same line:
While the American Library association
was in session a number of members
went to inspect a cotton-mill.
They were in the card-room when the
boys put up their work as if by magic,
and disappeared.
"Do all the boys drop their tools the
instant the whistle blows?" asked one
of the visitors.
"No, not all." replied the foreman.
"The more orderly have their tools all
put away before that time."
Makes a Difference.?"If you had
one hundred sheep," one man asked of
another, "would you be willing to give
fifty of them for God's work?"
"Yes," he answered, "I would be glad
to give fifty."
"Would you be willing, if you had
one nunarea cows :
"Oh, yes, I would be willing."
"If you had one hundred horses?"
"Yes."
"If you had two pigs, would you be
willing to give one?" asked his friend
at last.
"No, I would not: and you have no
right to ask me when you know that I
have two pigs."
Sot'nd Reasoning.? "Sambo," said
the owner of a country place to his
gardener, "concerning that tree I
wanted you to cut down, my wife
thinks it had better be allowed to
stand."
"Well, ah think it ought ter come
down. Massa Brown," was the reply.
"What are your reasons for thinking
so. Sambo?"
"We?II. sir. de first reason am dat
de tree done keep de light off de greenhouse:
de secon' reason am dat it's
gettln' old; and de third reason am
dat I cut it down last night."?Harper's
Weekly.
Trith Will Oit.?A young man
was taking the civil service examinations
and was exasperated at the irrelevance
of some of the questions. One
question was, "How many British
troops were sent to this country during
the American Revolution?" The
young man nibbed his pen for a moment
In annoyance and then wrote the
answer, "I don't know, but a darned
sight more than went back?Llppen
iHisccUanrous trading.
IN COUNTIES ADJOINING.
News and Comment Clipped From
Neighboring Exchanges.
CHEROKEE.
Gaffney Ledger, Ju*y 18; Lightning
struck a tree last Thursday near Mrs.
W. D. Alexander's residence at Lawn,
and slightly shocked Messrs. W. W.
Whelchel and J. A. Alexander, and severely
shocked Mr. Jake Parrls, all of
whom were fully one hundred yards
from where It struck. Mr. Parrls was
so severely shocked that he had to be
carried Into the house. Up to Saturday
he had not recovered from the effects
of the shock Sam Smith, a negro
man, was arrested Sunday morning by
Sheriff Thomas, and Chief Lockhart, of
rx/*v )!/ ??> 1f\Y-nt? OJlH In iflll. Oil
a charge of attempting to wreck a
train on the Southern railroad. Some
one had placed two heavy crosstles
across the track Just t eyond the Limestone
cotton mill, and these were
struck Saturday night by an ln-comIng
freight train, which was Just ahead
of No. 35. the midnight southbound
passenger train, but, fortunately, the
freight was not running very fast, and
no material damage was done. Had the
passenger train struck the obstruction,
the result might have been awful.
Smith was given a preliminary hearing
before Magistrate Speer yesterday
morning, and bound over to court. In
default of bond he was sent back to
Jail to await his trial. Another attempt
was made recently to wreck a train In
this immediate vicinity, and should the
guilty person or persons be caught, he
should be given the full penalty of the
law for such an atrocious, malicious,
reckless crime. Detectives of the
Southern railway company were In the
city yesterday looking Into the case.
CHESTER.
Lantern, July 18: Miss Lois White,
of Louisville, Ga., who has been visiting
relatives in the county, went to
Yorkvllle Saturday to spend several
days before returning home Judge
J. H. Hudson of Bennettsvllle. spent
a few days in Chester last week with
his nephew, Mr. W. A. Latimer. At
the same time Mr. Willie Hudson of
Louisiana, was also at Mr. Latimer's.
Mr. Hudson is a native of Chester, a
son of Mr. Rush Hudson, who was a
brother of Judge Hudson. He left
Chester twenty-eight years ago, and
has been back only once before. He
Is In Lancaster now, but will probably
be In Chester again before returning
home Spoke and handle manufacturing
is the work that Gregory, Wise
& Co., consisting of Messrs. A. M. Gregory,
A. C. Wise and W. Wagoner, are
engaged In on Sandy river, about eight
miles from Chester. They bought out
Jenkins Bros., of Stanley, N. C., a
month or so ago. and are starting out
In the work very satisfactorily. Their
machinery has a capacity of 2,000
handles per day, but water is too scarce
for them to run on full time, and they
are naving aimcuity in geiung sumclent
labor, consequently they are turning
out only 600 a day. Another well
is being dug with the hope of getting
a sufficient supply of water. All kinds
of handles are m&nu ictured from high
grade hickory. A p rt of their goods
are disposed of hen- In Chester, and
some are sold in Atlanta. Of course,
they sell wherever there Is a demand.
It seems that there is a good field for
such an enterprise as these men have
undertaken and we believe that they
will succeed Those who amused
themselves by running up the amounts
of Chester's taxable property as published
in the Lantern last Friday detected
the following errors: Halsellvllle,
No. 8. real estate 527.786. which ought
to have read 527.465, which will make
the total. 536.635 read right. Court
house. No. 1. personal property was
5473,774, which should have been 5473,775.
The totals are all correct, and
with the above corrections will work
out all right. The county's valuation
Is continually increasing from year to
year. Two years aga the total amount
of taxable property in the county was
placed at 54,412.417?realty, 52,292,580;
personalty. 52.119.837?and the number
of polls was 4.374. One year ago the
aggregate valuation of real estate was
52.298.305; personal property, 52.273,740.
making an aggregate of 54,572?045, and
the number of polls was 4,170. The
valuation this year is 5205.413 In excess
of last and 5365.041 in excess of two
years ago; and 69 more persons will
pay poll tax this year than last. By
referring to what the Lantern said
about last year's taxes, we notice that
the total taxes in the county amounted
to 579.337.33. People often ask about
the county's valuation, and It Is well
for everybody to be posted on matters
like this in order to answer such questions
about our county when they are
asked Mr. Bob Smyre was oft Ills
run on the Carolina and North-Western
Saturday. He was about done up
as a result of the constant mental
strain he has been laboring under In
driving his engine over the Southern's
ttbck by Charlotte and Statesvllle, owing
to the high waters on the line between
Gastonla and Newton. "The
mental strain is Just terrible," said
Mr. Smyre, "one had to be on a constant
watch for trains, since we had
no rights on the other road." The
train returned Thursday in this roundabout
way and reached Lenoir by the
same route Friday morning, but came
over its own line Friday evening. Mr.
Robert E. Lynn was the engineer Saturday
Mr. W. E. Herring, of the
U. S. department cf agriculture. Is In
town for a day or two and will be back
aorolii In si f_u- rluva Hie hiulnma Is tn
create an Interest and give information
and help in draining and terracing
land. He wishes to meet the farmers.
He will be at the Farmers' institute at
Mt. Prospect Saturday... .Alex Giilam,
a negro who broke Jail two or three
years ago, has been located at Somerset.
county seat of Pulaski, Ky. He is
in jail there for larceny. His Identity
leaked out through his correspondence
with some negro woman in Chester.
Several communications between the
chief of police of Somerset and Chief
Taylor led the authorities here to know
that the man was Alex Gillam, who
always took a leading part In the police
and magistrate's courts here. At
the time he escaped, he was in Jail
awaiting trial for larceny, being charged
with having stolen a communion set,
a silk dress, and several other articles
of more or less value. It is understood
that the district attorney is willing
to let the authorities here have the
prisoner. As soon as he can be heard
from in regard to the matter, Sheriff
Peden will doubtless bring Alex back
to Chester to answer the charge** held
against him.
GASTON.
Gastonia Gazette, July 14: Mr. Archie
Medlin procured a horse of Mr. E. L.
Wilson's livery stable last Sunday
morning, which hasn't been returned.
It was a little son el mare. She was
driven to Bessemer City and to some
point beyond, so Mr. Wilson says. On
the return trip, she gave out. At the
pest house fill on the Dallas road she
lay down and died Sunday afternoon.
Mr. Wilson swore out a warrant
against the young man for false pretense
In obtaining the horse and for
cruelty to animals. The warrant was
Issued by Esquire A. P. H. Rhyne at
Dallas Sunday afternoon. The boy was
put In jail. Yesterday afternoon the
case was moved from Dallas to Esquire
Stowe In Gastonia. Defendant
had the case removed from Esquire
Stowe, and Esquire S. S. Morris was
named. Esquire Morris set the hearing
for 2 o'clock this afternoon
In making up his list of directors for
the North Carolina railroad, Governor
Q!enn was strongly urged to appoint
Mr. R. R. Ray of McAdenvllIe among
the number. The governor could not
see his way clear to do this, but was
so favorably impressed wun car. ruiy a
support that he felt constrained to
avail himself of Mr. Ray's excellent
qualifications in another department,
and so appointed him on the finance
committee. This Committee will contain
no member who will perform his
duties more thoroughly or more conscientiously
that Mr. R. R. Ray
The county commissioners have advertised
the road bonds for sale in three
prominent Investment Journals, namely:
The American Banker, and the
Dally Bond News, in New York, and
the Manufacturers' Record in Baltimore.
The American Banker makes
quite a complimentary reference to
the bond issue. Sealed bids are to be
received for the whole or a part of the
issue until August 17 Mr. Robert
Gamble of Bessemer, was In town on
business yesterday and we learned
from him that good progress is being
made with the matter of building a
new Associate Reformed Presbyterian
church In that thrifty town. The architect's
plans call for a neat, pretty
and modern church to cost $4,000.
Though It is a small congregation, It
has already raised $2,000 In Bessemer
City. Outside friends will help liberally
and the work Is expected to begin
the first of September. Rev. Walter
Simpson of Concord, is the energetic
and acceptable pastor of this church...
Mrs. L. C. Glenn of Nashville, Tenn.,
Is here for a few weeks to visit her
husband's parents, Mr. and Mrs. W. D.
Glenn. Mr. Glenn will Join her about
the first of August Miss Agnes
Cook of Concord, whose fearful experience
In a runaway nearly three weeks
ago is remembered, has almost recovered
from her accident. Miss Cook was
rendered unconscious by the fall and
for ten days she was In a desperate
condition. During this time she was
entirely unconscious and It seemed
that she would never regain sensibility.
Early last week Miss Cook was taken
to Dr. Keen. In Jefferson College, PhlladelDhia.
An operation resulted in al
most immediate restoration to consciousness,
but for several days she
could not talk. A letter from Rev. W.
J. Boger of Mt. Holly to friends in that
place says Miss Cook Is Improving
rapidly, and will be home In a few
days from the hospital at Philadelphia.
HE MADE RESTITUTION.
Man Paid For Thefts Which He Confessed.
- Mr. John T. Burrlss, manager of the
Granolithic Roofing company, had
an unusual experience a day or two
ago.
He was approached on the street by
a white man. "Mr. Burrlss," said the
man earnestly, "I want you to forgive
me. God has already forgiven me."
"Well?er?I am always agreeable."
replied Mr. Burrlss, "but what's the
I row about?"
"It's like this," replied the man, "I
worked for you when you were putting
the roof on the Brogon mill two
years ago and one day I stole a
wrench from you. I have repented of
my sins, and I want to make restitution.
I want to pay you for that
wrench or replace It."
"Very well," said Mr. Burrlss. "I
know nothing about it, but if you say
you stole a wrench from me I will
have to take your word for It. You
know what kind of a wrench It was,
and I'll just let you bring it back or
buy another one like it, and there will
be no hard feelings."
"Thank you," replied the man. He
went off to a hardware store and in a
few minutes returned with a new
wrench, which he said was an exact
duplicate of* the one he stole.
"There Is another thing." the man
said. "One afternon while I was
working for you you paid me more
wages than I was entitled to. I knew
It at the time, but didn't say anything
but now I can never rest easy until I
pay you the money I wrongfully took.
It was 35 or 40 cents, I have forgotten
which amount It was." He pulled out
40 cents and tendered It to Mr. Burrlss.
Mr. Burrlss said his first impulse
was to tell the man to keep the
wrench and the money too, but the
man seemed so much distressed that
he saw he would not feel easy unless
he was allowed to return the wrench
and the money, so he was allowed to
have his way.
"You seem uncertain whether It was
35 or 40 cents." said Mr. Burrlss, "so
I will take the smaller amount." He
kept 35 cents and handed the man
back a nickel. The man seemed
greatly relieved and walked off as If
a great load had been removed from
his shoulders.
The man said he had been converted
In a revival meeting now being carried
on by some "holiness" ministers
In a tent on I street. His name Is not
published for obvious reasons.?Anderson
Daily Mail.
HOW REVOLUTION MAY COME.
Men of Upper Class Must Initiate It
and the Mujiks Will Follow.
To the Russian mujlk the Ideas of
self-rule and self-help are familiar,
and therefore, though he may not
have sufficient Imagination and foresight
to plant revolutionary seed, he
may be trusted to garner all the
substantial fruits of it. The importance
of the part which he Is
likely. ultimately to play on the
revolutionary stage should not be
undervalued because he may not
figure in the preliminary scenes.
Revolutions always begin at the top.
It Is always a patrician like Tiberius
Gracchus, a country gentleman
like John Hampden, a land-owner
like George Washington, a noble
like Mirabeau, who comes forward
as the protagonist of a successful
popular uprising. Unless such men
lead a revolution fails, and Is ranked
In history as a rebellion. Everybody
knows that the convoking of
the French states general in 1789
would have been as futile a proceeding
as had been the recourse to a
similar body In the past but for
the fact that a considerable fraction
of the French aristocrats were |
themselves imbued with liberal sentiments,
and were not only willing
but eager to sacrifice their special
privileges. Now it Is an unquestionable
fact that in Russia today
a far greater portion of the nobles
have adopted liberal principles, and
passionately desire a constitutional
government, than was the case In
France 116 years ago. Thus once
more are we destined to see a revolution
begin in the highest social class,
and to witness the gradual dissemination
of their ideas and aspirations
through the barracks of the soldier,
the workshops of the artisan and the
homes of the tiller of the soil.?
Harper's Weekly.
A WESTERN CROE8U8.
He Struck It Rich, and is Having a
Good Time With the Money.
Walter Scott, the western miner,
who hired a special from the Santa Pe
railroad for $5,500 and broke the record
between L?8 Angeles, Cal., and
Chicago, Is getting his money's worth
while in the east. The following account
of his performances, immediately
succeeding his arrival In Chicago, is
contained In a special to the New
York Globe from the Windy City:
Hardly had the power been shut on
in the big express engine and the diner,
observation car, sleeper and the
baggage car been brought to a stop
when Scott ,the Croesus of Death Valley,
with his wife and half dozen
guests, alighted from the special and
lifted his hat In response to the cheers
of the crowd which had gathered to
do him honor.
Barely stopping long enough to
? ? ' I #??lon/1o nfKft
nnitKr Iianun nun a ictt mciiuo nuv
were on hand to greet him In the name
of Chicago, he walked up to the baggage
car and untied the dog which he
got for his friend, Bill Haggin just before
he left Barstow. Leading the dog
by a bit of string, he offered his arm
to his wife, and, escorting her to a
cab. slipped a ten-dollar bill to the
driver and told him to take her to a
hotel.
"Now. boys, I'm goin' to buy," said
he, giving his sombrero a Jerk 1own
over his left eye and taking a hitch in
his trousers. "Show me the Joy parlor
that's got the biggest stock of bubble
bottles."
Thirteen willing performers were on
the point of showing him when he
halted and retraced his steps. Walking
up to the still throbbing locomotive he
pulled out a wad of money big enough
to choke an elephant, peeled off a
hundred dollar note, and passed it up
to Sam Clark, the engineer. He peefled
off a fifty and gave It to the fireman.
"Where's that old fool BUI Morrissey?"
he shouted;" then added: "Oh,
there you are!" as he caught sight of
the conductor at his elbow.
"This for yours, Bill," said he. as he
tore off another hundred dollar bill.
The four negro porters, who had
worked overtime cracking ice and
pulling corks for 46 hours, came forward
In column fours. Each received
a $100 note and a blessing for his
attendance to duty.
"You did the best you knew how,
boys," said the Croesus, "but you know
and I know that you don't know nothing
about the business of cooling
bubble bottles. Speed is the only thing
you lack. Cultivate rapidity, boys,
cultivate rapidity, and action. Goodbye,
and God bless you."
Busted The Record," He 8ays.
"Now. Just one thing more," he said,
as he and the dog headed for the telegraph
station, followed by their new
but thirsty admirers. Arrived there he
penciled the following missive to
General Passenger Agent Byrne of the
Santa Fe: "Busted the record. Hooray!
Keep the J500. Am Just about to open
a case of bubble. Scotty."
Hard on the heels of "Bath House
John," the plutocrat headed for a
saloon, and the crowd was treated.
Some 20 feet to the rear of the bar
a telephone bell rang.
Scott went to the telephone, and was
asked when he expected to leave for
Manhattan.
"I'll start very soon," replied the
Death Valley Croesus. "And watch the
fireworks when I land on Broadway." I
Scott says his mission to New York
is for the purpose of filling the vaults
of the Knickerbocker Trust company
so full of money that they will bulge.
Vice President Glrard of the trust
company Is a partner of Scott In his
gold mines. They were formerly cowpunchers
together.
Tf ?a viiwc r* vvvtwv/i
Mr. Scott Is 32 years old and was
born In Hamilton, Nev. His boyhood
was spent on a ranch In that state,
where he earned a reputation for his
daring In the saddle and his ability
with a rifle. For a number of years
he traveled with one of BuffaJo Bill's
"Wild West" shows, doing tricks with
a lariat.
Some eight years ago he returned
to cattle "punching," and one day
while skirting the edge of Death Valley
he did some prospecting and discovered
what Is believed to be the old Breyfogle
claim, a mine the richness of
which caused Its discoverer to go Insane.
Since then his visits to civilization
have been seldom and meteoric. Twice
a year he comes In from the desert
with a burro train loaded with gold
ore, transforms It Into money, ships
half of It to New York, and spends
much of It.
The special train which bore him
from Los Angeles to Chicago cost him
$5,000.
Five hundred dollars was to have
been refunded to him had the record
made several years ago by Alexander
Peacock remained unbroken. As It Is
he loses the $500.
SIMPLE LIFE IN ICELAND.
No Liquor Manufactured, No Jails and
Only One Policeman.
There are no manufactories In
Iceland. Each home Is a factory
and every member of the family a
hand.
Shoes are made from goat skins.
The long stockings worn over these
in wading through the snow are knitted
by the women and children, and
even the beautiful broadcloth comes
smooth and perfect from the hand
loom found in every house.
The sweet simplicity of their national
costume does away with the
necessity of fashion books. Young
girls who are about to be married need
take no thought as to "wherewithal
1 --1-- *1 V? " ft
micin iiir/ uc nun icu. ttiicii iiicj
array themselves In the wedding garments
of their ancestors, two or even
three generations remote, they are
perfectly up to date In the matter of
attire.
This simple life Is conducive to a
state of high morals, higher probably
than In any other part of the world.
There Is not a drop of liquor manufactured
on the island, and for the
78,000 population there is but one policeman.
There is neither a jail nor
any place of incarceration for criminals:
nor yet is there a court In which
a high crime could be tried.
The percentage of crime is so small
that it does not warrant the expenses of
keeping up a court. When a criminal
trial becomes necessary the offender
is taken to Denmark to answer to the
court for his misdeeds.
The women are among the most advanced
in the world. The Woman's
Political League has a membership of
7,000 and they enjoy more civil rights
than the women of almost any
other country, having a voice in all
elections save for members of their
legislative body.?Pilgrim.
Square Meal for Five Cent*.
A restaurant, to be known as the
People's Kitchen, opened last night In
the basement at 136 East Broadway.
Anybody can get a meal for five cents.
The bill of fare includes soup, roast
meat bread and tea, with milk and
sugar.
Constantine Geller is the founder of
the place. He says that if tilings go
according to his expectations, there
will be a number of five cent meal
houses started throughout the city.
Mr. Geller keeps a lunch room at
315 Canal street. He set out to solve
the problem and finally figured that
five cents would be enough to furnish
a meal and cover expenses, providing
that 1,000 persons would eat daily.
Geller then went to his friend Abe
Schoenberg, at 150 Spring street, who
is in the same business, and laid down
his plan. Schoenberg approved and
they raised enough among the East
Side bankers to try the experiment.
There Is room to seat 130 persons at
at a time in the place, and It will be
open from 11 a m to 2 p m, closed till
5, and then opened till 8 p. m. If more
than 1,000 eat daily, there will be a
profit which will go to start other
places of the kind in the city.?New
York Sun.
HOW GREAT LOAN8 ARE SOLD.
The Ways of tha Underwriting Syndicate.
No foreign loan as large as New
York's half of the $150,000,000 Jap
"loooH Jn the American
anese isouc --- ?
market has ever been floated in the
United States. Our subscription to
the Japanese loans of 1904 were respectively,
$25,000,000 and $30,000,000;
last year's Cuban loan took
$35,000,000. Of Mexico's $110,000,000
loan of 1899 $25,000,000 was
offered here. The successful placing
of $75,000,000 in the new Japanese
4} per cents had, therefore,
an Importance apart from the eastern
war and the credit of Japan.
It has caused a good deal of Inquiry
as to just what steps a banking house
takes to introduce such loans and
how It guarantees against failure
of the issue.
The first step of a banking house,
in such an operation, Is to form an
underwriting syndicate. Every great
banking house has wealthy customers
and wealthy business connections;
it must confer with them, as
to the possibility of floating the new
loan at a given price and must be
assured of their co-operation, even
before it makes its bid. When the
borrowing government makes its
award, the successful bidder Is bound
to his contract.
The recent dispute between the
Russian government and the Paris
I syndicate seems to have been possiJble
because no formal bid and no
j award had been made; there was
only a general understanding. The
underwriting syndicate obligates itself
to take its contracted percentage
of the loan, if the investing
public does not do so. Each member
of the syndicate gives a
pledge in writing for a definite
amount, which he may be called upon
to advance in cash pending the
sale of the securities. A member
of the Japanese bond syndicate who
participates to the extent of $1,000,000
is liable to be called upon for
all or any part of that amount at
the option of the managers. In the
same way, he coald be required to
take $1,000,000 of the bonds at the
syndicate price if tne securities
could not be placed elsewhere. Thus
there Is always a risk attending the
venture.
It often happens that several syndicates
are formed In' competition
when an attractive bond offering Is
at hand. Last April, when Cuba's
$35,000,000 loan was under negotiation,
three or four strong New
York banking houses had representatives
in Havana. Each put In a
bid, and the contract was almost
closed with one group of bankers
when a rival syndicate overbid It at
the last moment and secured the
loan. In the same way a Berlin
syndicate did Its best to secure the
Japanese loan. It was said to have
bid a higher price than the successful
syndicate, and Berlin undoubtedly
expected to get the loan. But
the fact that Japan's two previous
loans had been successfully floated In
London and New York had, no
doubt, a great deal to do with the acceptance
of the English and American
bid. Japan, too, it has been explained,
was willing that the London
and New York bankers who had
stood by It In the Issuance of the
previous loans should clear a handsome
profit on this one, and consequently
agreed to the terms with
very little haggling.
The chief underwriting syndicate
often organizes smaller syndicates of
bankers, which go about to And a
market for the securities with their
own clients, or buy them outright
for a rise. Sometimes these smaller
syndicates get "held up" with the
bonds after the original syndicate
has disposed of them. This happened
recently with a $75,000,000 railway
bond Issue. It was over-subscribed
at the start. Expecting to
And a quick market for the bonds,
numerous small banking Arms put
in large bids, and then had difflculty
in caring for the allotments.
In the rush to realize on these holdings,
the bonds, which had gone to
a premium, soon declined below the
subscription price, with heavy loss to
the holders. But it Is through the
large and small syndicates that a
loss is Anally lodged with actual investors,
the chief syndicate advertising
the issue and securing as many
individual subscriptions as possible.
Generally, a syndicate is paid a
percentage on the selling price of
the entire issue, Dut in tne case 01
one recent offering an ingenious device
was resorted to whereby the
members received a commission for
only a portion of the loan, the managers
taking the rest. As the bonds
went to a premium almost immediately,
the managing bankers made
large profits by this unusual stipulation.
Some syndicates have never paid a
dollar, but It is customary for the
managers to call for 5 or 10 per
cent of the subscriptions to defray
preliminary expenses or make initial
payments to the borrowers. The
profit on these underwrltlngs varies
according to the securities and terms
of the syndicate agreement. The
bankers who took the Japanese loan
will in all probability receive $750,000
for the underwriting alone. This
is 1 per cent on the $75,000,000 underwritten.?From
the New York
Evening Post.
- ? m
NEW ENGLAND AND THE SOUTH.
Great Resources In South Waiting For
Men With Thrift.
New England consists of but little
more than 66,000 square miles, while
the fourteen states of the South have
an area of nearly 900,000 square miles,
half the standing timber of the United
States, more iron than all of Europe,
forty times as much coal as England
and they produce more than 60 per cent
of all the cotton of the world. Were
the South to achieve as New England
has achieved, it would be the richest
section in the world. The New Englander,
however has thrift, he has learned
to adapt himself to changing conditions,
as has been shown In the cotton
manufacturer .More than this, there is
some subtle alchemy by which the raw
Importations of labor are transformed
into skilled workmen. Directing this
enormously valuable capital of labor
there are men who are trained to the
knowledge of every detail In their business.
Furthermore, the New Englandder
puts by something each year. The
figures in comparison with the South
are surprising. With the most liberal
estimate of savings accorded the
south there is but $1.44 saved to each
inhabitant, against $189 to each lnhablfonf
r\t fho Mow TTTrifrlanH atntpfl.
No man can read these facts without
picturing the great opportunity
before the South when It comes to realize
their full meaning There must be
In the future, an Increased appreciation
of the value of small savings, of
those tiny rills which flow into a
stream with a current sufficient to
turn the wheels of commerce for a
nation. There must be guiding hands
which will train the raw labor of the
South to become skilled workmen.
There must be more self-reliance and
keenness to seize upon opportunity.
Obviously comparisons between the
industrial development of the North
and the South are unfair, because New
England had a tremendous start, and
never, to any extent, was obliged to
suffer from the curse of slave labor,
which allowed the people to prosper
without working. But the conditions
of the South are changing, and the
south needs men who can realize the
new situation and the new opportunity
content, as many a New Englander
has been to start at the bottom and
work upward.?Boston Transcript.
TOLD EDISON ABOUT IT.
Discomfiture of tho Versatile Guide
of Big Electrical Establishment.
In one of the great machine manufacturing
plants devoted to electrical
appliances, visitors are constantly being
received from all quarters of the
globe. The guides who take these visitors
through the works have all kinds
of experiences.
It often happens that the visitor
who knows the least about electrical
matters will ask the stlffest questions
and make the most disconcerting remarks.
It Is rather staggering for
Instance, after you have mad3 your
clearest and most concise explanation
of the phenomenon of the flow of
electricity through a wire, as you understand
it, to be met with the confronting
remark:
"After alt, Mr. , you do not
really know what electricity is!"
The average working electrician
worries no more about the nature of
the force he handles than he does
about the doctrines of Confucius. One
of the linemen demonstrates the idea
by. the recital of a past experience:
"When I worked on a third rail at
Hartford the boss says: "Touse fellows
don't care where the Juice con.es
m . ?1? I* */\ nil vAit nu rw
rn>ni nr wucre n guca iu, an juu .?.v
about It la where to get It and where
not to get It. So you, Hlnnlcsey,
keep yer crowbar often that third rail,
or ye'll hev a beautiful short circuit
and a private-technical display that'll
make ye so blind ye'll not tell bad
whisky from ice water for six
months."
One engineer at the factory; who
may be called Steve, because his
name Is something else, is frequently
detailed to take visitors about on account
of his fund of Information and
his clear, lucid manner of explanation.
On one occasion be escorted a guest
from the west?a light haired little
gentleman who seemed duly Impressed
with all he saw, but made no comment
He was apparently drinking In and
criticising every word which young
Steve uttered, and that usually confident
young gentleman grew nervous
and suspicious.
"This fellow," he thought, "must
be some smart electrician, and he Is
just taking all my statements with a
huge grain of salt."
At last, when they arrived back at
the office and Steve was feeling tired
and limp, the little gentleman held
out his hand and said:
"I'm exceedingly obliged to you. I
don't know much about the electrical
trade. I'm a barber. If ever you
come to Chicago, look me up."
Steve had recovered from this and
was beginning to look and feel like
himself once more, when he was again
detailed to escort a visitor through the
works. This was a silent and undemonstrative
man who paid considerable
attention to rather Insignificant
machinery and details. Consequently,
Steve hastily concluded that he had
another barber to amuse.
Moreover, as this quiet visitor showed
little or no surprise at or appreciamnmr
koqHv pomarlfflhlp
HUH Ul llic iaia-ii/ i tauj .
machines and operation Steve was
aggrieved, and for the honor of the
works determined to shake some enthusiasm
out of him. So he proceeded
to load him up with many wonderful
stories.
He pointed out a dynamo so powerful
that It never had and never could
be run up to full capacity, It being
utterly Impossible to control the current.
He gave a dissertation on the
incandescent lamp, and Its manufacture,
asserting that Its discovery was
due to the accidental observation of a
lightning flash playing on a two pronged
fork In a pickle bottle. Waxing
eloquent, he rose on his toes, stretched
out his right arm and exclaimed:
"And so that Inestimable, boon to
mankind, the Incandescent limp, was
born."
At this moment his visitor stepped
up to a workman who was winding
colls, slapped him on the back and
said:
"Hello, Dan!"
The man started, looked up, and his
face flushed with surprise and pleasure
as he grasped the outstretched
hand.
"God bless my soul! It's my old
boss," exclaimed. "Mr, Edison himself."
Steve staggered back and sat down
on a casting. He tried to think It
over, to recall some of the stuff he'd
been telling?but his mind was a
blur. One thing only stood out distinctly:
he had told the Wizard of
Menle Park, the Inventor of the incandescent
lamp, that it was the evolution
of a pickle bottle and a two
pronged fork! Then he disappeared
A week or two later he received
from Mr. Edison a book on electrical
wonders, written for juveniles, on' the
fly leaf of which was a pen drawing
of a fork In a pickle bottle, and below
the Inscription:
"And so that inestimable boon to
mankind, the Incandescent lamp, was
born!"
Some time In the future, perhaps,
that little book may fetch a round
sum of money. At present no money
could buy It.
HUMAN JEALOU8Y.
The Difference Between the Paaeion
in a Man and a Woman.
The man's jealousy is a stormy sea
flooding everything, tearing and devouring
everything in him that is
strong, Ailing his innermost heart, absorbing
all rivers of feeling and destroying
his mind. The woman's Jealousy
is a narrow, turbulent, treacherous
torrent which hides its depth and
high above which rise hard and silent
banks; it heightens her sensibility and
strengthens her mind.
The Jealous man is a wrathful lion;
he is noble, and hunger only forces him
to tear his prey to pieces. The Jealous
woman is an infuriated snake; she is
vain, and passion only tempts her to
sting. The anger of the Jealous man
is directed against the object of his
love and interrupts his love, and that
of the jealous woman is directed
against her rivals, and her love is intensified
by it.
Jealousy makes a fool of a man; it
makes him ridiculous and lowers him
in the love and. esteem of the woman,
but a woman gains In wit and charm by
her Jealousy, and it makes her more attractive
to the man. Jealousy Is a terrible,
sharp weapon which a woman
uses lightly In order to cut a few
sweets on which to feed her vanity;
often she even wounds with it the man
she loves In order to enjoy his sufferings.
The man disdains this cruel
thing, though, did he use it, it would
rarely miss its object of awakening the
dormant love of a woman, of bringing
hidden love to the surface and of
creating love where there was none.?
From "The German of Borne."
"I am going to thrash you, but
you can have any style of whipping
you want." said the school teacher.
"I'll take 'Spencerian' style, sir"
"What Is 'Spencerian' style, young
man?"
"Up strokes heavy and down strokes
light, sir."?New York Times.
A MATTER OF HEALTH
ftffl
&AlflN0
POWDER
Absolutely Pure
HAS NO SUBSTITUTE
t!T Your orders for good Stationery
will receive prompt attention at The <
Enquirer office. Order Today. I
/
Conviction F
When buying loose coffee ox
to here in his bin, hOW do ]
getting ? Some queer stories
could be told, if the people wl
speak oui
Gould any amount of mere
housekeepers to use
Lion (
the leader of all packa
of a century, if they had not fount
Parity, Strength, Fla
Tfcto papoler neeta* el LION C
(ia b? Am oaly to lahmat merit,
to ae all iMji i proof of merit Ita
tftuaed oad toereaotoe popaalerl ty.
U the verdict of BULLION
HOUSEKEEPERS does not con
yon of the merits of LION CO!
It coots yon hot a trifle to I
package, xi is ine cmcn **
convince yourself, sad to i
you m PERMANENT PURCHAS1
LION C07FKI U (old only In 1 lb. mlad p
and rcache* 700 u pure and clean aa whan It
factory.
Lion-head on trery package.
Sara thaae Lion-head* for rateable premium*
SOLD BY GROCER
EVERYWHERE
i Southern
5 Popular Day - Li
TUESDAY,
| T<
5 C H A R L
I From Gastonia,- Blacksburg i
Rock Hill and Cam
{ GREATEST SEASHORE I
J FOLLOWING LOW RATES
Schedule Rates .
Lv. Gastonia 6.00a.m. J.| <>0
Lv. Bessemer City... 6.13a.m. .100
Lv. King's Mountain 6.25a.m. 3.00
Lv. Grover 6.45a.m. 3.00
Lv. Blacksburg .... 7.00a.m. 3.00
Lv. Smyrna 7.25a.m. 3.00
Lv. Hickory Grove .. 7.35a.m. 2.76
Lv. Sharon .......... 7.46a.m. 2.76
Lv. Yorkville 8.00a.m. 2.50
Lv. Tlrzah 8.10a.m. 2.50
Lv. Rock Hill 8.35a.m. 2.60
Lv. Catawba June... 8.55a.m. 2.60
Lv. Lancaster 9.40a.m. 2.50
Lv. Heath Springs ..10.10a.m. 2.00
Lv. Kershaw 10.35a.m. 2.00
Lv. WestvlMe 10.50a.m. 2.00 !
Lv. Camden 11.20a.m. 1.75 1
j Tickets sold for Special T
? Southern Railway train up t(
? trains, July 27th, 1905.
For tickets and full inform
6 Agent Southern Railway, bet
ton, or
I R. W. HUNT,
? Division Passenger Agent,
Charleston, S. C.
x BROOKS
? Assistant General
4AKA*AIU*A>tAKA*A?UIU.*A>lAat?Ji
S. M. McNEEL, Pres.
THE LOAN AND
number,
when we can
* W. P. HA
YORKYILLE BUGGY CO.
LUMBER.
WE HAVE FROM OUR MILL IN
THE LOW COUNTRY, both dressed
and rough long leaf Yellow Pine
Lumber. The Lumber Is good and
the prices are right.
Dee ring*
Cultivators.
Crops should be cultivated fast now.
We can aid you in doing this by selling
you the DEERINO CULTIVATORS.
We have BINDER TWINE and long
WHIPS made for driving binders.
Wagons, Harness, Buggies and everything
in the line at the right
prices.
YORKVILLE BUQQY COMPANY.
THE "BOSS" COTTON PRESS! I
SIMPLEST. STl C "4GEST. BEST
Thk Murray Ginning System
Glni, Fssdsrs, Cond?n*?rt. Etc.
GIBBU MACHINERY CO.
Columbia. S. C.
UNDERTAKING
UNDERTAKING In all its branches 1
from the cheapest Pine Coffin to ,
he finest State Casket. Robes for (
hlldren, ladies and gentlemen of all (
iges, Slippers, etc. Hearse and ,
rlearse Wagon, Grave Mounds, Funer- |
tl Notices, etc.. We do Embalming. }
State License No. 66.
THE YORK FURNITURE CO. ,
tf The Enquirer office it prepared to
ixecute your orders for High Grade i
3rinting. Your orders are solicited. j
oDows Trial j
> Anything your grocer happen*
you know what you aro
about coffee that is sold in bulk,
10 handle it (grocers), oared to I
talk have persuaded millions of
Coffee, I
PTC coffees for orer * quarter
it superior to all other brand* in
vor and Uniformity?
orm
Ther?
Railway I
ight Excursion! ;
JULY 25
D I
ESTON j
ind Intermediate Points, via 3
den to Charleston. 3
EXCURSION EVER RUH. 3
5 AND FAST SCHEDULE: J
Schedule Rates
Lv. Boyklns 11.40a.m. 1.75
Lv. Hagoods 11.56a.m. 1.76
Lv. Claremont 12.09p.m. 1.76
Lv. Kingville ..12.50pm. 1.76
Lv. Fort Motte 1.15p.m. 1.60
Lv. SL Matthews ... 1.28p.m. 1.50
Lv. Orangeburg .... 1.60p.m. 1.60
T .. 9 Afn m ISO
uv. nuncoTiuv ?? ~
Lv. Branchville .... 2.20p.m. 1.26
Lv. ReevesvtUe .... 2.36p.m. 1.26
Lv. St. George's ....' 2.46p.m. 1.26
Lv. Pregnalls 2.66p.m. 1.26
Lv. Dorchester ..... 3.03p.m. 1.00
Lv. RldgevlUe 3.11p.m. 1.00
Lv. Jedburg ....... 3.17p.m. 1.00
Lv. SummervlUe .... 3.26p.m. .76
Ar. Charleston 4.16p.m.
rain good to return on any j
) including Thursday, A. M. j
<
lation apply to any Station [
ween Gastonia and Charles- [
W. E. McGEE,
Traveling Passenger Agent, j
Augusta, Ga. J
MORGAN, I
Passenger Agent.
suatA?uauKAau?AftA*AiUKAKAau .
J. S. BRICE, Vicc-PNES.
SAVINGS BANK
j's a Satisfaction
ur Depositors and Patrons In knowr
funds are entirely safe and that
? are carefully and Intelligently
>r your business to.be handled In a
luslness-llke way, and It Is our conserve
our patrons in an acceptable
ory manner.
lite a number of satltfled customers
, and would like to h ive you among
We Invite you to cill or write us
serve you.
>RRI80N .... Cashier.
~ *
DO YOU NEED
RELIABLE POWER !
One of our 4 home pewer Combination
Kerosene and Gasoline Engines
is in operation in the office of The
Yorkvillt Enquirer, and by permission
we are allowed to refer interested parties
to it. If you are interested in the
question of reliable and economical
power call and see this engine while
running.
We build Gasolinoi Engines up to 150
narte power ror mi power purposes.
Our Engines are reliable and scon*
omical in operation. For further in*
formation address
FAIRBANKS HORSE CO.,
F. E. Bailey, Southern Mgr.,
Dept. Y. Q. Atlanta, Qa.
$hr \|orhvittf (fitquirrr.
Entered at the Postofflce as Second
Class Mall Matter.
Pnbliahed Tuesday and Friday.
Pum,i?iiEUs <
W. D. GRIST,
O. E. C RIST,
A. M. GRIST,
TKHMS OK at BSC'RIPTIOSl
Single copy for one year $ 2 00
One copy for two years 3 50
Por three months 50
For six months 1 00
Two copies one year 3 50
Ten copies one year 17 60
And an extra copy for a club of ten.
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Inserted at One Dollar per square for
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ay ten lines of this size type.
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contracts must In all cases be confined
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ndlvldual contracting, and the manuicrlpt
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it noon when Intended for Tuesday's
ssue, and on Thursday at noon, when
ntended for Friday's Issue.
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espect Inserted at Che rate of 10 cents
jer line for each insertion.
A