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McLAURIN'l I Interesting St opi MATTER OF BL Marlboro Senator Say Anybody That C IYCJJ1 caciuau y c \ United States Se Along about the close of the BryanRoosevelt campaign, W. R. Hearst reproduced In some of his publications and gave out to the Associated Press, a number of letters from different prominent men of the country, including senators and representatives to John D. Archbold, of the Standard Oil company. Among these letters were several from Hon. John L. McLaurin, and although it can hardly be said that they contained anything that seemed especially significant of improper dealings, because of the charges and counter charges of general corruption then rife, there was a lot of scandalous taia In connection with the matter. As the result of insinuations Indulged in by opposing newspapers and political enemies, it has seemed desirable that some explanation be made of the matter, and of late there has been reason to believe that the public has had sufficient curiosity over the whole subject to be willing to give an explanation full consideration. It has been understood for some time that Mr. McLaurin had made up his mind to tell the story, and in the Columbia Record of last Thursday, it was published as follows: "Back in 1892 I left my home town In Bennettsvllle for Washington as a representative of my district in congress. Entring politics In South Carolina when a very young man, barely thirty, I was then eager to serve my country and my state, und to climb the ladder of success. Appointed to the senate in -? a ? f?.l? T ha. 18?l LO 8'icceea oenaiui uiuic, A came a member of the national upper house until 1903. In the meantime there had come a breach between Senator Ben Tillman and myself, that resulted in the passage of blows on the senate floor. But the Interesting story of high finance and the so-called Archbold letters I shall now explain, as they lead up to the subject Just referred to. "As previously stated by me. In my former Interview with you, all but two or three of the letters were written when I was not in office, and not one of these letters related to any public matter. I went to congress when I was about thirty-one years old and In about four years got on the ways and means committee of the house. The hearings on the Dingley bill were a very valuable education to any member at that time. They first made me realize how ignorant I was and what a vast proposition these United States were. Then came the desire to learn all I could. Every line of business and every industry In the United States passed in review. Also our complicated international trade relations. One fact seems to have escaped attention as regards the Dingley bill. It stated in the title that it was not only a bill to raise revenue, but also to encourage and develop American industries. 'The United States was at that time In a state of panic, factories were closed, and able-bodied men walking the streets in nearly every city of this "??? v..n?inir nnrit It wad a time U'VUIIU J UUIIVHID ?. ... -- ? ? following: the famous march of Coxey's army of unemployed Into Washington, where this invasion attracted international attention. "It was the main purpose of the Dingley bill to restore prosperity, and the significant title meant that the government Intended to exercise its taxing power to build up manufacturing industries so as to give employment to labor and thus avert a revolution that was certainly under way. The academic question of tariff was not involved. I took the position at once that the south must bear her share of the burden of this tax, and was as much entitled as any other section to her share of the benefits of this declared policy. "On the floor or tne nouse 1 maue a. speech which attracted attention, just at that time, owing to Its significance, from ocean to ocean. It was a plea for fair treatment to the south and an analysis of the schedule showing where unjust discrimination existed in the bill. Let any one look at the newspaper files In any state of this Union at about that time and they will see extracts and editorial comment verifying what I say here. "I went to bed that night comparatively unknown, and woke up next morning to find myself a national T Kotro rooH that t'lUUIUlCI. A ua*v ?..M. -r over since and reaJIze that It was not so much the speech as It was the utter absence of sectional bitterness, and that It came from South Carolina. It would have attracted nc particular attention from a northern Democrat. However, I was in the public eye for the moment, and anything 1 said would be widely published and read. It was the physicological moment to give the undeveloped resources of the south a great advertisement. 1 knew exactly where to go to get what ] wanted, much of It came from the files of M. V. Richards, of the Southern railroad, the greatest advertiser in th< world. I gat a couple of experts anc put them to work getting up the statistics, and followed my tariff speech with one on 'The South and Its Opportunities.' A man who knows the south now, with its great lumber mills ant' electrical development, can hardly real ize how dull and flat everything was ir 1897. Capital was reluctant to come south; it needed something to turn th< eyes of Investors southward, where oui natural resources were going to waste My expectations were more than realised. Nobody In Spartanburg or Columbia ought to forget the boost I gave those cities. The effect on myself was tremendous; and thrn began the talk of a 'Commercial Democracy,' etc. ] was heralded as a second Henry W Grady, and all that sort of thing. May be, If I had died then, they would have built me a monument, too. I will honestly admit, I did get the 'swelled head'; and that was the real cause oi all the trouble that came to me afterwards. I was too fond of praise and J LETTERS TO JOHN D. ory of Big Ind nent and Colla JSINESS SUBJEC1 s He Never Had Any ( Compromised In The Li )f The People Of So mate. flattery?too young and inexperienced to know how fickle is popular applause. ' "Immediately, it seemed to me, that my office became a sort of clearing house for men in the south who wanted to build railroads, develop mineral 1 properties, etc. Why, they got to writi ing me about patents, and things of that kind?not so much from South Carolina as from Georgia and Alabama. Then capitalists in the north began to look me up to know about these mllla timber, iron and coal that I had been talking about. I was overwhelmed with these sort of things, but I helped many a meritorious southern enterprise in those days, and I never grot one cent from anybody for anything' I did. My acquaintance with Mr. Archbold was the direct outgrowth of this effort to help people in the south who were seek, ing eastern money to develop their country. "About this time Senator Earle died, and then my troubles began. Every effort had been made to get me to run for the senate; Senator Earle said he would not enter the race if I would, but my Instincts were all against going to the senate, and I never went against my instincts in my life that I didn't make a mistake. Governor Ellerbe offered me the appointment, and I could not resist the temptation to don the senatorial toga. I ought to have stayed contented right where I was, on the ways and means committee, and gone on with the good work of southern development My whole life until I went to the senate was an uninterrupted success, and everything went wrong there from the jump. When the Janitor showed me my office in the senate annex, it had 'No. 13' on the door. 1 took a ruler and knocked it off, but the 'hoodoo' stuck. After my appointment * A 3 ~ Kar/v nuiatlv nnH of. instead ui sutj'ms iucic <tuiwV ? tending to my duties, I left and came to South Carolina and went Into a heated campaign with ex-Governor Evans, Senator Irby and Hon. S. G. Mayfleld. There was no use in it, 1 would have been elected anyway. They attacked me on my tariff views, although Senator Tillman shared them with me, and we voted alike on all the amendments. I got over-heated at Yorkville and had a Ic.ig spell of brain fever. When I got bac* to Washington I was nervous, sick and irritable, better fitted for a sanitarium than the heavy brain work that my duties called for The relations between Senator Tillman and myself had become strained. I don't know why it is; two senators from the same state should be the best friends in the world, but it is very rarely the case. One good, frank talk would, I expect, have straightened j things out, but I thought he wanted John Gary Evans for a colleague and I couldn't control myself Just at that time to overlook it. So much by way of preface, now I will come to those letters. "Among the many schemes of development in the south, there was not one that appealed to me so strongly as the proposal for a railroad connecting the iron and coal fields of Alabama, with deep water at Brunswick, Georgia. The men connected with the proposition, originally, were southern men; but they had to take in a New York man for president, in order to get capital. It was a perfectly sound, honest enterprise, and If we had gone on as we started, it would have succeeded. At first, I had no idea of becoming personally interested, but with the death of McKinley, and with Tillman absolutely dominating the machine in the state, I saw that I had small chance of remaining: in the senate unless I allowed him to dominate. There is where 1 made a mistake; it was more my pride than Tillman's desire to rule. I had found QUt that I had ability to grasp a situation and then present It strongly. Several big business men had also i found this out, and determined either i to control or get out and make a new career in the business world. I knew that Hi H. Rogers of the Standard Oil was building a monument to himself in : the Virginia tide water road from the western coal fields to Norfolk, and Flagler doing likewise with his Florida proposition. Here was a road from I Birmingham that nature made downi grade to the sea, which would be as t great as either of these, at only a small i fraction of the cost. Some of the men interested had introduced me -to Mr. i Archbold, and it was my deliberate > purpose to Induce him to back us. I i looked him up, he didn't look me up. If there was any 'spider-and-fly' business, I tried to be the spider; but I grot caught In my own web, not by Mr. Archbold's fault, but the rescality of others. Tillman and I had met on the stump at GalTney, S. C., and had a very acrimonious debate. I think any one who was present will say that I turned a hostile audience In my favor, and when we offered our resignations It was in good faith on the part of both, and I have always thought that I would have beaten Tillman before the people. If Governor MeSweeny had not refused to accept the resignation, provided I could have made the canvass; this I doubt; as I was still suffering at i tacks with my head, which left me > prostrate. The letters published about i that were written to Mr. Archbold and r others, who either wrote or wired. . There was great curiosity about the fight between myself and Tillman. I see they speak of the phrase, 'prompt' ! ly and generously supported,' as meani ing that I expected a campaign contri: butlon. That is not sc. I had just had I conferences in Greenville with certain . gentlemen, and surely, with all the ma chinery in Tillman's hands, unless i somebody 'promptly and generously supported' me, I stood no chance. HowI ever, we did not make the campaign, ' and when I went back I went ahead making my arrangements for what I 1 saw was inevitable. I was all right up ARCHBOLD ustrial Develipse ' OF REPROACH )fficial Relations With east His Integrity As a iuth Carolina In The to there. Then all the hell that was In me got uppermost. I had been patient and forbearing, but I began to be as defiant and mean as I knew how. I dldn'-t care what I said or did, so it annoyed Tillman. This brought down the 111 will of Senator Jones and other leaders, and only intensified my determination. It went on until Tillman and I had a personal encounter on the floor of the senate, but neither one of us was to blame for that. I am thankful that the results were no more serious. As won as I went out of the senate, I dismissed politics absolutely from my mind, and with all the fervor of my nature, went into this Brunswick and Birmingham railroad scheme. I cultivated the acquaintance of all the influential men I had met, and was selected to be president of the road. At this time, 132 miles were built from Brunswick to Ocilla, the junction of the Southern and Seaboard. This was a fine strategical point, for jonn SKeiton Williams was making that magnificent fight to keep his road from being gobbled up, and the men, in part, who had brought me In were backers, in Baltimore, of the Seaboard. None of us had much money, but we had energy and brains, and stood well in public estimation. Mind you, I was not a senator, but a private citizen at this time. The only way we could build the road was by selling bonds. I put about $40,000 of my own hard earnings? practically all the cash I had?into the thing. Every time five miles of road were completed, under our charter we could iBsue $20,000 of bonds. It was through a level country, and Mr. Machen, one of the most energetic men I ever saw, was president of the con-1 structlon company. He had his every dollar at stake and built cheaply; it didn't cost over $5,000 a mile, so we were $15,000 to the good with every mile constructed. The question was, to place the bonds; and that was what I hoped to be able to do. There were $1,800,000 of bonds held by the Knickerbocker Trust company, upon which the interest would fall due July 1st. If we failed to meet it, it meant receivershin 1 had met a bie fat man with Machen, named Umsted, who was, I was told, a very wealthy Iron and steel magnate. He was looking Into the proposition with a view of developing some interests he had in Alabama coal and iron. Before I went south to go over the property, I called on Mr. Archbold and explained the situation to him. Absolutely, the entire transaction was one of pure personal friendship. Never, while I was in the senate?either direct or indirect?had I done Mr. Archbold the slightest favor. The only legislation that I ever knew of in which the Standard Oil was Interested was an amendment to the subsidy bill, granting it to fast vessels, and I made a speech against it, on the ground that slow vessels carrying cotton were the only ones that would help the south. However, when I went over the situation he was very kind, and, seeing what a desperate hole I was in, gave me the letter to the Knickerbocker Trust company. His letter was never used, for reasons which I will state later, and the original is now In my possession. I merely wanted the Knickerbocker to know that I was a man of some strength whose word could be confidently accepted. I filed the letter for future use nearer July, and went south. When I grot back, I found a new and sinister force In power?the most monumental scoundrel I ever met J. Rufus Walltngford is a pigmy to Frank A. Umsted. He weighed 325 pounds and could eat three Philadelphia capons at one bait. He looked like money itself, and wore a million dollar smile even in his sleep. God knows where Machen found him, but he sure did do the business for us. The Milford Pink Granite company, of Worcester, Mass., is a good concern, and he was president of that with about twothirds of Its valuable stock In his pos session, a bank book which he would carelessly show with a balance of a few odd millions, and a black alligatorskin bag, with a few more millions in stocks and bonds which Machen and I were permitted, in awe-struck wonder, to handle carelessly. "This Napoleon of finance had changed the whole thing?a little dinky railroad was too small; we were going to organize the independent iron companies and build a big plant in Brunswick to assemble the raw material on the same plan as the plant at Sparrows Point, Maryland?we would develop 50,000 acres of iron Umsted had in Alabama, and take over the Tennessee coal and iron properties, making a combination that could put United States steel on the bum. We were given to understand that John. W. Gates was at the back of it all, and was gunning for Mor gan. Umsted certainly had money and securities in his possession. He also had a letter from Mr. Silas B. Dutcher, president of the Hamilton Trust company, viz: " 'After a careful consideration of your financial plan, I heartily endorse your policy and approve above figures.' -Mr. Dutcher was also a director in the Mohawk Valley Steel and Wire company and chairman of the board. "The chief consulting engineer was Wm. Garrett, also one of the directors. Everybody who knows anything on the subject is aware of the high standing of Mr. Dutcher, and that the Garrett-Cromwell Engineering company of Cleveland, Ohio, stands at the very top of the profession, and their figures are accepted everywhere without questioq. I have them before me now, and they show that one single plant can be constructed for thirty million dollars, whose output will be equal to United States steel, which is capitalized at twenty times this amount. Now, it is plainly apparent, that the profits to the first named must be twenty times as great as the latter. All of the blue prints were made and actual work of construction begun at Brunswick. "Umsted was elected president, and I first vice president and general counsel at a salary that made a senator's 'look like thirty cents.' I was also made president of the railroad, had a private car and felt like a nabob. I believed every word of it, and I have the prospectus now before me, and it certainly is a 'corker.' I can't help laughing as I read our modest declaration or war on the steel trust Let me read It to you, viz: " 'Conservative capitalization. In welcome contrast to recently organised corporations, manufacturing syndicate shares under modern financing. The Mohawk Valley Steel and Wire company is capitalized on a very moderate basis. Capital stock, $60,000,000.' "In the assets the summary showed $9,600,000 in the treasury; 60,000 acres of coal, oro and lime lands in Tuscaloosa and Fayette counties, Alabama, and 60,000 acres In the Birmingham district; 1,000 acres in the city of Brunswick and along the harbor for six miles, and the plants in process of construction, 16 openhearth furnaces, five blast furnaces, blooming mill, rod mill, cotton-tie mill, ship-building plant, rail and car mill. "Why should I run round to the ivnicKeroocKer wnn mi. ArcnDOiu o letter? I felt bigger (ban he did. I saw visions of wealth and power, but alas! all that coal and iron land, valued at forty million dollars, was a fake. Poor old Machen, it killed him dead. Umsted did not have a thing but options. Here is what happened: "I went back south, confident that everything was all right Umsted took me down to Baltimore with him, and I was vastly flattered that this financial giant should value my aid and select me for the important work of negotiating for Tennessee coal and iron. He explained to me that he and I were coal magnates; that we had no use for a railroad except to get cheap freights; that the real owners of the Tennessee coal, and iron were railroad men most Interested in the Seaboard. We would trade the Brunswick and Birmingham for Tennessee coal and iron, and give stock in the Mohawk Valley Steel and Wire for the difference. These negotiations were well under way, and the independent iron companies were dickering with us all the time. We had a whole floor of elegant offices at No. 100 Broadway, N. T. The situation, as I size It up now, was that a real uneasiness was created In Southern railroad circles and U. S. steel. A friend of mine in the senate, now dead, came and warned me to quit or I'd be wiped out Well, that made me the more determined. I never dreamed but that all of the resources in the prospectus were bona fide. I did have an invincible repugnance to Umsted's coarse, vulgar ways?like a fat hog at the feed trough?but thought that he was just a type of many new-made western millionaires. I came near kicking out of the traces once, but he treated me so Cicely and raised my already big salary, which, however, I never got before the bust came. I had just been to Columbus, Ga., to see thrcity council, and I laid over Sunday'st a pretty little town In Georgia, when I saw in the papers about a receivership for the Brunswick and Birmingham. I left my private car (and the Lord only knows what became of it) as I never saw it again. Umsted was gone, the railroad in the hands of a receiver, and I was personal endorser on it 10.000 of construction company paper. It was published in the papers, that I didn't have money enough to pay my hotel bill. Of course that was absurd, but the result was surprising. I don't believe any man on earth has ever had better friends than I; offers of assistance poured in from every side. One ex-senator, God bless him, happened to be in the city and came right down and wanted to give me a check, and Insisted on my going west as a law partner. Well, that is neither here nor there. I 'came back,' but with scars and wounds than none who haven't been way up on the mountain top and then in the black pit can appreciate. I worked in New York and made money and left there because I prefer making corn and cotton and living among my own kith and kin. "Well, I guess I have said about enough, unless you wish to ask some questions. I hate to talk about these tV>ln<ro onH tnrl Q v la the flmt time I have read over that infernal prospectus since." Senator, you haven't mentioned Mr. Sibley. "Well, Sibley didn't have one thing to do with It. I don't think that I ever knew, until those letters came out, that he knew Mr. Archbold, or that I was acquainted with him. Why, that was a greater astonishment to me than to any one else In the world. Sibley was a very important figure in the house when I went there. He made the best free silver speech in the house in the debate on the Sher * TT ~ mon on/1 Q limn clt'l. I1C waq> a. a?v?* iiiuu uuu mi great entertainer. It is no unusual thing for members of congress to accommodate each other. I have loaned many a man money, some from this state, more than once. I borrowed money from Sibley once, for thirty days, and repaid the loan. The only business transaction that I recall outside of this, is negotiating to 3ell Sibley some of the Green Consolidated Copper stocks, of which company congressman Latimer was a director. It is a good company, and if order is restored in Mexico a man that has much of the stock will be rich." Senator, what kind of a man 1b Mr. Archbold? "Well, physically, he is a small man with a big man's head. It is not so much money tHfc?e big fellows are after, no man so small as to aim at mere money-making is big enough to make much. They want power; that Is what we are all striving for, power. Then, whether we are great or not, depenls upon how we use that power. Mr. Archbold is an Intellectual man, very courteous and refined. He lo irinri hoartoH ami cenernns In his instincts. I do not believe any meritorious appeal is ever made to him that he does not respond. He does It quietly, without newspaper notoriety. I understand he helps along the line of industrial schools; he believes In the kind of charity that helps a man to help himself." Senator, what do you think was the cause of Umsted's failure? "Well, I think this: the same interests were behind the Southern railroad that were behind the Steel trust, and with the independent iron men trying to get together and our trying ' to trade with the Seaboard people with a freight agreement, they either bought UmBted out or there waa some big man behind him with whom the Morgan Interests made terms. The little fish like me didn't count." Senator, do you think this had anything to do with the subsequent absorption four years later of Tennessee coal and iron? "Yes, I do. If you will go over the figures of the Garrett-Cromwell firm you will say so, too, and figures from them are an authority. You see, it was tnis way: tne steel trust had eight-tenths of the raw material of United States under their control. Practically the only source left was Tennessee coal and iron and the undeveloped properties which Umsted claimed to own, but upon which he only held an option. What did Morgan want with Tennessee coal and iron, except to shut off competition? They already had raw material enough to last for generations. No, he made up his mind then, and when Roosevelt undertook his prosecutions of the trusts, they let the panic come, and even he had to give way." THE ERROR OF BROKER8. Soma Largs Losses and Then Even Big Profits Result From Mistakes. A broker penetrated the crowd around the steel post on the stock exchange the other day with a written order In his hand to sell 1,000 shares at a price which was fractionally above the morket. Trading was quiet, and, as It dlrf not seem likely that his figure would be reached for a few minutes at least, he paused to chat with another member. It happened, however, that a number of buying orders came in shortly, and the price was bid up rapidly. In the midst of the conversation the broker heard 1,000 offered at his figure and he called, like a flash, "I'll take it." Then he strolled leisurely toward his phone, to come to an abrupt stop before he had taken a dozen steps. He had bought instead of sold. Tet the order was written in an entirely legible hand, and he had entered the crowd to sell. It had been his only order at the time, so he could not plead that he had confused two orders. He had thought of nothing except to sell 1,000 shares of steel, and yet his record showed that he had , bought 1,000 shares. Being a seasoned dealer in securities and famliiar with many curious psycholloglcal happenings on the board, he did not ponder the trick his mind had played, but went immediately back to the post and sold 1,000 shares "at the market" The 1 price he obtained was an eighth be- j low what he had paid for the stock. | He lost $125 by the transaction and still had the original selling order to 1 fill. Steel declined another eighth and soon a quarter more. The whole . I market began, then to look "soft" I The broker decided not to wait any < longer and sold 1,000 shares at a | price a half point below what he had | given for the shares he first bought. | This was to All the order. He had | learned that 1,800 shares sold for the I price he had paid for his 1,000, and i knew that the customer would take it for granted that 1,000 of the 1,800 had been for his account. The broker had to make good on his order, and, therefore, Bhouldered an aggregate loss of $625, offset by the $125 commission, because his mind had been e woolgathering for an instant. The happening was not unusual. A book of interesting anecdotes, entitled "Brokers' Errors," could be written i from the experiences of any half- I dozen members of the exchange and J of the lot any one could be selected as illustrative of the difficulties of the j brokerage trade. Mistakes, however, do not always prove costly; on the contrary, money has frequently been made by a wrongly filled order. Back in the days when American sugar was wont to spring up or down more points ip a day than many stocks move in a month, a new member ap- J peared on the floor one morning with an order to buy 1,000 shares of sugar. He was entirely unramiuar wun me methods employed on the exchange, and was also extremely nervous over his first day's work. Just as he reach- g ed the sugar crowd a thousand shares were offered at his price, and he took them without noting who the seller \ was. Calling up his office a few minutes later he said: "I got that sugar." "Yes," replied the clerk at the other end of the wire, "what's the name?" "Name?" queried the young broker. "Sure, the name of the man who sold It to you." ] The broker not only did not know ^ the name, but he also said he would e not be able to recognize the man be- ^ cause he had not looked at him es- ^ pecially. "Well, you'll have to straighten it out," the clerk said, and cut him off. n The broker was badly rattled. He j didn't know how to get trace of his man again, for the sugar post by this time was surrounaea Dy a nunureu near-maniacB. So he decided to cancel the purchase, which he did by simply tearing up his record slip, and then he went back and bought another 1,000 shares. When his patrons found that after- t noon that they were "long" 1,000 shares of sugar that they did not f know anything about, there was some v excitement. But it was forgotten next day, when the stock was closed j out at a profit of $8,900. The heaviest loss to a stock ex- i change house ever reported as the re- 1 suit of a mishap occurred on the day v of the Northern Pacific corner, May j 9. 1901. A broker went on the floor ?j that morning with an order to buy I 200 shares of Northern Pacific. The * market opened in excited fashion. The broker kept bidding for his shares, but, as the price advanced by leaps and bounds, his bids fell constantly behind selling prices, and be- fore he realized It the market had got awuy from him. Throwing caution to I the winds, he Anally bid high enough J onrl trnt Viln ?tnr>U?nt S1 ftftO a share. the top price of the famous session. J The customer, naturally, objected to paying $200,000 for 200 shares of stock, and the matter was finally taken before the arbitration commit- 11 tee of the exchange. Both sides of the t matter were given, and the brokerage b firm was directed by the committee to refund to the buyer $180,000.?New York Times. A lIW "What Is an optimist, pa?" ? "An optimist Is a person who can 0 see the silver lining before he gets r his eye on the cloud." Itf Louise?Her husband's disease Is plain laziness. Julia?What does he take for It?" LoulBe?Vacation. HIE AMERICANS IN PANAMA (Continued from Page Three). Minister CoucHh drew up a treaty, which van presented as a memorandum to Secretary Hay on April 18, 1902. This treaty, as well as the Herran treaty that succeeded It bad a number of impossible provisions, viewed In the light of our canal experience. It authorized the French company to sell its property 4o the United 8tates and authorized the United States to build, operate and protect the canal, the concession to run for 100 years and h? rpnuwiihlp at th>> discretion of the United State*. The.canal was to be finished fourteen years after the adoption of the treaty, with a possible extension of twelve years, everything to revert to Colombia If the canal was not begun within five years and completed within twentyrflve years. Colombia was to receive S7.000.000 In cash. i Colombia sent a new minister, Thorn- | as Herran. In 1003. who negotiated a treaty along tbe same lines, except thut Colombia was to receive 110,000,000 Instead of $7,000,000 for the canal zone. Had tbe treaty been adopted It Is a safe conclusion to draw that interminable and exasperating friction would have developed between the two countries. Only an extended visit to the Isthmus can give an adequate Idea of bow essential It has been to the United States to have absolutely a free band In tbe canal zone. President Jose M. Marroquln of Colombia In this year. 1002. asked the United States to maintain uninterrupted passage over the Panama railroad during a serious revolution In tbe province and promised In return to give tbe United States a treaty for a canal zone. As a result of American intervention and good offices peace was rmtched nn between the insnrmnts and, Colombia on Not. 21. 1002. We I bad performed our part of the agree- = ment and now looked to Colombia to perform her part President Marroquln waa in good j faith, but factional fighting in the con- r gress of Colombia, with hla enemies In a the ascendancy, nhowed the chances of 1 n treaty to be dubious. On Aug. 12. 1903. the senate of Colombia killed the treaty after the house i bad passed It President Marroquln 1 bad exerted himself to the utmost to ? save the treaty, doubtless sensing the a quality of the roan In the White House, but to no avail, and another way out * for the canal project was already tak- ^ Ing form. In the summer of 1903 some leading t Panama citizens conceived the Idea of t a revolution from Colombia and the r forming of an Independent republic. The revolution was started on Nov. 8 | In tbe city of Panama, and troops sent by Colombia to put down the rebellion s were not allowed to cross the isthmus by United States marines. ? On Nov. fl President Roosevelt recog- ? nlzed tbe Independence of Panama. ? ind on Nov. 18 the new republic con- a eluded a treaty with our government h panting us a strip of territory ten ? miles wide across the isthmus as a cu- i: nal zone. The United States paid Pan- JL ima $10,000,000 in cash and. beginning In 1913. an annual rental of $250,000 f for this territory. H was not until A May 4. 1904. thut the American flag was raised over the canal zone. A (To be Continued.) 6 - ti IW "They had a falling out and nev- ? sr spoke to each other again." li "How waa that?" si "They fell out of an aeroplane." w FIRMS FOR SALE J C' !00 Acres?Six room Residence with ? water works, not ana com water, * Fairbanks-Morse Gasoline Engine, _ Meyers Force Pump, wood-saw and ~ frame. One tenant house and ? barn. Six mile creek on one side; 40 acres in wood. Upland Is sandy ?. loam, clay subsoil. 50 acres fine ? bottoms?Price $40.00 Per Acre. * 128 Acres?5 tenant houses, one big * barn, corn crib and several out houses. About 60 acres of river p bottoms. Three pastures along creek. Upland Is fine for Alfalfa. Now In cotton, peas, corn, etc.? . $80.00 Per Acre. ? 15 Acres?At Catawba Junction, S. C. ? One tenant house and barn. Sandy u soil, clay subsoil? $85.00 Per Acre. p 106 Acres?Six room residence just remodled and equipped with water C works, bath room, hot and cold o water In kitchen. One barn and ri one tenant house. Plenty of wood and water on this place? . P $50.00 Per Acre. A These farms are 10 miles from si *ock Hill, S. C., and 11 miles from L Catawba, where they have a good ^ ichool, church, stores, etc. Seaboard c Ur Line and Southern Railroads. ? rerms: 10 Per Cent Cash, Balance v, easy at 7 Per Cent. the People's Trust Company' ROCK HILL, 8. C. TRY IT ; Coffee is like whisky?the older ^ he better. Buy at Sherer's and Get he BEST. Try my Prize Brand Tea, 1-4 lb. tl or 15 cts., and a 10 cts. Dish Free vlth each package. It's good, too. We have Irish Potatoes, Fresh Tonatoes, Onions and Cabbage. Phone me your orders for Beef P Wednesday morning. I will have the est Beef that's ever been In Yorkllle. /-v *-?' f i* nrn t 1 f lr All o ma Uitnermr 1) j\ji& i luigck ii. jun ai c uuufii jrf 7hat the old man Is In town; le's the boy that sells the rations Because he holds the prices down. Ci OLD GEORGE e; Ol THE BUTCHER. F di DO YOU CARRY ' 4 BANK BOOK? I a< B Do you know a single prosperous nan who does not? 01 Do you know the check system Is he most business-like way to pay ^ ills? , Do you know money in the bank j" 9 a friend In need? D< Do you know that a bank is the rst step towards success? If you know all of these things nd are not a patron of your bank, Wl , hy do you not call today and become PJ ne? A dollar will start you on the Vl oad to success at the? The Bank of Clover, ? CI CLOVER, S. C. b< RUGS, ART SQUARI THE HOUSEKEEPER OR RA THIS TWENTIETH CENTURY, THAT SHE CAN MAKE HER P FORTABLE AND EASIER TO K USE OF ART SQUARES, RUOS EVER POSSIBLE IN THE DAI WERE POPULAR. RUGS, ART MORE EASILY KEPT CLEAN A FREQUENTLY THAN IS POSSI CAUSE WE KNOW THAT THIS BIG LINES OF THESE GOODS A LOOKING FOR FLOOR COVER] NEW STYLES IN RUG8, SQUA! PALL STOCK IS COMPLETE , HANDSOME AND DESIRABLE AND ART SQUARES IN ALL S] RANGE OP COLORINGS AND PA TO APPEAL TO THE TASTE O FIT IN WITH YOUR IDEAS OF WE WILL BE PLEASED TO SEE OUR SHOWINGS OF RUGS, UMN8. WE KNOW WE CAN PI TERNS ANI? PRICE8. WILL YC York Furnitu suc< I ' ' IS THAT POINT IN LIFE 1 OF MEN ARK DIREOTEI Yet, how many realise the necea of money the foundation for that I The one SURE way of havlri deposit a portion of your Income cultivate character?tne una In attaining permanent SUCCESS Loan and Sa 8. M. McNEEL, President FOR SALE 34 Acrco Adjoining Joe Billy ackson In Bowling Ureen nelghborlood. 1 good 7-Room House; 24 icres in cultivation; good orchard; tear good church and school; ail lecessary oui-huilalngs. Spring, well ind stream. Price $9,100. 140 Acres?2 miles from Sharon, lice 2-story, 7-room dwelling, 2 good enant houses, 2 good barns, fine orh&rd, bottom land, spring and trearns, l 3-4 miles of a church .no in a splendid community. The Ellas McCarter?Residence and farm near Clover. The J. M. Connelly?116 Acres near ?lrzah. 900 Acres?6 horse farm in cultlvaion. $4,000.00 The James Bell?Residence, has een newly painted and repaired?It is eady tor a quick sale. 79 Acres?Nelson Thomasson land; -story house; on sand and clay road Torkville to Clover. $56.00 per Acre. 11$ Acres?Near Filbert?Thomason land, adjoins above tract 140 Acres?The beautiful river farm f J. J. J. Robinson. Produces 25 to 0 bales per annum. Makes corn and ates to sell; 10-room residence; large larn, 30x30. shedded; Double Cribs, hedded; two Tenant Houses; Ginlouse, 40x40. One and a half miles f nne school; 6 miles Hickory Grove, 'rice $4^00.00. test bargain in the county. I will how you. Call or write at once, 'erms to suit. 41 Acres?One mile Filbert; good tesldence; new Barn and new Crib; ne Land; C. W. Bechtler. $1,400.00 40 Acres?1J miles Tlrxah, on Yorki()e and Rock Hill road; property of Jlen Hall. One Dwelling and barn; acres In Timber. Price $1,000.00 550 Acres?The beautiful and ferile farm of R. M. Anderson; about 4 liles Rock Hill, 8 miles Torkville; 2tory 8-room House, painted; very urge new Barn; everything In tiptop hape. Land Is level, on public highway?very attractive. 180 Acres?Estate of Joseph A mlth. One mile from Sandy FUt chool house. A nice two-story sevencom dwelling. Three good tenant ouses. Price $4,800.00. $00 Acres?Three miles from Union ourt house. One new eight-room ouse. All necessary outbuildings. AAA AA 'rice fd,vw.vv 621-1 Acres?Between Santuc and talon Court House. On public highray. Known as the Knight Place, rice $1,800.00. 70 Acres?Known as the Bob Lee lace, 2 miles from Yorkvlile on the Inckney Road, adjoining W. L. Wllams and others. A nice cottage, ood well water and a two horse farm pen?Price $S^MM>. 157 Acres At New Bethel church 'rice 11160 Per Acre. 92 Acres?At C. C. Hughes store? nd Gin. One of the finest small irms In the county. Much of the ind produces a bale per acre. Proprty of W. F. Jackson. Prices leas nan 960.00 per acre. 126 Acres?Two miles of Bethany, 'roperty of A. A. Lockridge . Two Houses and lots in the town of !lover. adjoining Ralph Adams and thers. Price, $1,165. Will sell sepaately. 121 Acres Adjoining Home Orhanage and Joe Dickson In Yorkrille. .n laeai c&rm ior hu? quvk. 100 Aoree?Surrounding McElwee chool houce. Property of 8lmpson| <ove. 88 Acres Adjoining Geo. McCarsr and A. D. Bigger. 40 acres In ultlvatlon. One 7-room house and ne 6-room house? $17 Per Acre. Hie T. P. Moore residence In York[lie. Five Houses and Lots In Clover, roperty of F. E. Clinton. Price, 1,500. Rented for $180 per year. 2.7 Acres?In Clover; fronting on hurch and Bethel streets. One 8)om dwelling. Price, $1,000. Joins ;obert Jackson and others. 114 Acres?8i miles Hickory Orove. leautlful home of J. F. Watson. $$0 er Acre, SOI Acres?3 miles Hickory Orove. 20.00 per Acre. 80 Acres?The beautiful home and irm of Arthur Boheler; 1 mile Smyr& station; nice, painted cottage; new arn; double cribs. Price, $8,000. Ill Acre*?Near Sharon. Known as| le Wylle place. Price $15 per acre. I 409 Acres?Lowryvllle. Price, $8,000.00 100 Acres?Delphos. Price $1,800. 82 Acres?Delphos. Price $8,200. 80 Acres?Delphos: Will Clinton, rice $1,000.00. SO Acres?Filbert Price $1,500.00. 100 Acres?Tirsah; J. If. C. Price $2,500.00 TEN beautiful Building Lots en le Hope property. Pay 16.00 per lonth. Mrs. Drakeford residence, on the >rner of Main and Jefferson streets. Harry Nell Lot, No. 1, Steele proprty. Two nice new cottages on the corner f East Jefferson _and Railroad are. ront or coi. i. w. jonnioni rw ence. Price, $2,100.00. 18 Acres?At Sharon. Price, $700. 561 Acres?Half mile of Beersheba lurch; good school; 4-room house; )od water, plenty of wood. $1,SM.OO. 106 Acres?Near George R. Wallace, Joining Avery and Smith lands, miles from Yorkvllle; 1 2-story jom house; 3-horse farm open; 76 sres in timber; t springs. S streams. Ig. new barn; 2 tenant houses; half ille of Beth-Shlloh church; 10 acres r bottom land. $$5.00 per Acre. 811-2 Acres?Joining P. B. Smith, d Roddey and others; 2 good dwellgs, 40 acres In cultivation; good outilldings. Property of J. M. Campill. 50 Acres?40 acres under cultlvaon, good barn; 2 miles of Yorkvllle. The Worthy Farm?At Sharon, consting of 67 Acres, nicely located on a ibllc highway, 1) miles from depot, ery cheap for quick sale. J. C. WILBORN. W Carbons for typewriter and panI use?at The Enquirer Office, $240 ?x, 100 sheets?The Kind you have !S AND LINOLEUM , THER THE HOME MAKER OF HAS LONG SINCE LEARNED [OME NEATER. MORE COMEEP CLEAN BY A JUDICIOUS AND LINOLEUMS THAN WA8 rs WHEN WOOLEN CARPETS SQUARES AND LINOLEUM IS ND CAN BE CLEANED MORE BLE WITH A CARPET. BEIfi TRUE, WE HAVE LAID IN ND INVITE LADIES WHO ARE [NGS TO COME AND SEE THE RES AND LINOLEUMS. OUR AND INCLUDES MANY VERY PATTERNS. WE HAVE RUGS [ZES AND QUALITIES, AND A lTTERNS, AS WELL AS PRICES F JUST ANY BUYER AND TO HOUSE FURNISHINGS. HAVE THE LADIES CALL AND ART SQUARES AND UNOLE- , .EASE YOU IN QUALITY, PAT)U LET US SHOW YOU? re Company 2 ESS PO WHICH ALL EFFORTS ) talty of making the accumulation 3UCCESS? tg money when you need It la to I in mis nmift. -x>y ?u uuiui ywu ; of character that materially aids ivings Bank J. P. MoMURRAY, Cashier REAL ESTATE Look! More Addition*. Nice, Tool V Mrs. A. A. Barnwell, 47 Acres One Mile from town; l-room dwelling, 1 tenant house, bi -n, etc., good well of water. Adjoins R. R. McCorkle and others. Dr. W. G. White, M Acres 1 tonant house. l-Horse farm open, balance in pine and oak timber. Branch running through place. Adjoins Robert L. Devinney and others. The H. T. Williams?Beautiful residence on College street rooms, large, hs il, bath and pantry; water, lights and sewerage; wire screened. ; 1 Metal shingle root. Barn. Lot, S7x210 feet One of the nicest locations t In town. If you want It be quick. xne MX8. naiue jr. uerry?uoiulii on Jefferson street Four rooms and h&lL Lot 60x145 feet A bargain for some one. The M. L Mitchell?Residence on West Madison street Six room* Good well with pump. Yard and garden enclosed; 11 acres. See me at once. Hie Miss Rosa & Steele Place?Of 44 acres, adjoining Jas. L. Moss and others. If you are looking for a real bargain, here it is. Don't delay. You will always find my offerings as represented. Let me show YOU. REMEMBER?I have lots of others. Geo. W. Williams REAL ESTATE BROKER. All Kinds of Good Insurance The individual who pays out good money for Insurance, naturally, expects the Insurance to be GOOD, and that in case tha contingency against which he seeks financial protection develops, that the company that accepted his money will be Ready, Willing and Anxious to live up to Its contract Good Insurance Is my SPECIALTY, therefore if you want LIFE IN8URANCE. ACCIDENT INSURANCE, HEALTH INSURANCE, LIABILITY INSURANCE, LIVE STOCK INSURANCE, FIRE INSURANCE. AUTOMOBILE INSURANCE. TORNADO INSURANCE, FIDELITY BONDS? You will consult your own best interest by seeing me before placing the business. I have had more than twenty years' experience in the Insurance business, and while I do not pretend to know all about the various kinds of insurance, or any one for that matter, still I devote my entire time to the work and it is a reasonable conclusion that I should be better posted than one with a shorter experience or one who does not devote his entire time to it Let me supply your Insurance wants. SAM M, GRIST. Every Monument or Marker that leaves this establishment is guaranteed to be perfect, In design, lettering * and that the stone is exactly as we represent it. We beiieve that those are more essential than anything else, and that the matter of price should be based on Quality as well as Amount. See us.for Iron Fence. PALMETTO MONUMENT CO. JOS. G. 8A88I, Proprietor. Phone 211. That Buggy You Intend To Buy See us about It We can intereet you In Quality, Style and Price. The Buggies we offer are known fer their Lasting Qualities?They are not experiments in these parts. They hare been sold In this section for years. The Tyson A Jones always gives satisfaction and the Sumter Boggy Is a very close second in all that a Buggy ought to be. Yes, see us before you bu'*. MULES? Before you buy, come and see what we have to offer. We can get together on Price and the Terms. SMOAK-BROWN CO. WANTED TO give $2.00 Rug to introduce new line of Furniture. Write today for particulars to Greensboro, N. C. JONES FURNITURE A SUPPLY CO. 3t* REBUILT TYPEWRITERS Remington No. 10, over 200,000 $50.00 Remington No. 6, over 160M $22.50 Smith Premier No. 2, under 120M $22.00 8mith Premier, 10, under 100M $4250 Oliver No. 5. over 32SM $42.50 Royal Standard, under 60M $29.0 L. M. GRIST'S 80N8, Yorkville, 8. C.