Historical Newspapers of South Carolina

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COTTON BOOMED. SENSATIONAL RISE IN* THE PRICE OF THE STAPLE. _ New Cotton King Has Caused the Great Southern Money Crop to As sume Much Greater Value. A dispatch from New York under date of last Friday says in the sen sational rise in July cotton in the last few days, amounting to 109 points or $9.50 a bale, it has become known that a new "Cotton King" has risen in the finantial world, one whose ? operations have played havoc with the bears in the cotton pit and have . assisted in cornering the July option. J. L. Livermore's name was on the Hps of every one in the coton mar . ket Thursday as the price of July, which has been steadily soaring, shot up from $9.40 to 59.90, a gain of .$2.50 a bale. As the price of the staple continued! to mount, the fear-stricken men whoj had sold July short contracts began to say that the market for July cot ton was cornered and that a new Na poleon of the cotton market had ari i en and was already beginning to dic tate terras. * A Since April 28, when July cotton sold at 8.20 cents a pound, the low est in five years, Mr. Livermore has steadily accumulated contracts deliv erable next July. It is now estimat ed that he 'has made a profit of 500 - 000 in the last two weeks. He stands to make millions more if his plans don't miscarry, but he says there is no pre-arranged deal, so far as he knows, to corner July cotton. Nevertheless, the cotton trade was as . excited as it was in the days of Sully and the New Orleans crowd headed by W. P. Brown, when similar coups were attempted and carried . through successfully. ? "Who is Livermore?" was one of the questions generally asked. "Who are his backers?" was another, which was coupled with the' report that Theodore H. Price had poined forces and was lending his aid to Mr. Liv ermore in a plan of campaign. Mr. Livermore make his headquar ters with E. F. Hutton & Co., at New street and Exchange place. There he has a private office. He is almost boyish in appearance, looking younger than his 30 years, which he says he will reach on his next birthday. His youthful appear anec is accentuated by his almost flaxen hair. One forgets his youth however, when he discusses in a clear-cut and direct manner the strength of his position in the cotton market. \"I am not creating a corner in the July cotton market," he said. "The market has " simply cornered- itself. The enormous advance in the last few days has been the result of buy ing by persons who had sold cotton that they did not own. "I discovered the unreasonableness of the cotton situation two or three weeks ago, when I saw that spot cot ton in the South was selling about $10 a bale higher than in the option market in New York. I then began to accumulate July cotton. Others did the same. The old situation could not continue very long and now there is a scramble from all sorts of in terests, spot dealers, mills, spinners and shorts, to get July cotton. I never saw a market corner itsself as prettily as this July market has done. "I want to go on record as saying I am not running a corner. I will never attempt it. In the first place I have not got enough money, i in tend to leave the financing of corners to spot dealers if they desire. They can get the money from the banks to finance heavy accumulations, but speculators cannot. "Whatever, I am doing in the July deal I am doing alone. It makes me peevish to hear the current reports that I have created this situation in the July options. The remind me of the story of the fly on the cartwheel which was raising a great dust while the fly believed itself to be the cause of the clouds that followed the cart." , "Are you not afraid the big cotton merchants will bring cotton up from the South and deliver it to you in July, swamping the market?" "Let them do it," was Mr. Liver more's reply. Fingering the ticker tape, he continued: "I see that 4,500 bales of spot cotton w;ere sold in Memphis at 10% cents a pound. It costs something to bring it Northern addition, and yet cotton deliverable in July sold in this market.today at only 9.90 cents a pound. "There are only 80,000 bales of va riable grades of cotton in New York, let us say, and the short interest may be 300,000 bales. Mills and spinners have not been in the market for months and their supplies are ex hausted. Exen if one considers the trade stagnation, the world needs a certain amount o f cotton, and these manufacturing interests have been buying the cotton where it was the cheapest?rignt here in New York. They found that in the South they would have to pay $10 a bale more than in NewYork, consequently spin ners bought here. From whom did the buy it? From speculators, as a rule, who had got themselves into such a condition that all they did was to sell, sell, until the present situation was created." Mr. Livermore added that Mr Price was not assisting him in any way/and that he was conducting his operations alone. Wall street first began to talk abbout the new Napoleon last year, when he was credited with having made $2,000,'- 0 in the fall of stocks and another $1,000,000 in the fall of cotton. He bought a steam yacht last fall and i lade a trip to the West indies, .ue returned about a mouth The biggest army depot in the country is to b established near San Francisco. Lesson VIII.?Second Quarter, For May 24, 1S08. THE INTERNATIONAL SERIES. Text of the Lesson, John, xix, 17-42. Memory Verses, 39, 40?Golden Text, 9 Cor. xv, 3?Commentary Prepared by Rev. D. M. Stearns. [Copyright, 1903. by American Press Association.] The rulers of the Jews having reject ed Jesus as their king, saying, "We have no king but Caesar" (verse 15), jand insisting that Jesus be crucified, I Pilate delivered Jesus to their will (Luke xxllii 25?. It is not the will of God that any should perish (11 Pet. ill. 9), but it is the will of man aud the devil that, if possible, God should be dethroned aud ruled out of His uni [ verse. What a rebel against God and man the devil is. and how wonderfully patient and long suffering is our God! So they took Jesus and led Him away, and He, bearing His cross, went forth, two malefactors being led with Him. Think of the condition of His back after the scourging and of His whole being after that night of mental agony and it will not seem strange that an other had to bear His cross. It seem ed a hard day for Simon, the Cyrenian. but it was really the best day he ever came to. All our crosses and disap pointments are the best things we have, but because we see self and not Jesus we do not always think so. A com pany of women bewailed and lamented His as He passed out of the city, and He conld in some measure forget His owu sorrow in His sorro for thein (Luke xxiii. 27-31). There is no record of a woman being unkind to Him per sonally. The name of the place where they crucified Him, the place of a skull, has at least this suggestion?that all the world has apart from the love of God In Christ is as empty as a skull. In the cross of Christ alone is rederup 1 tion. and in Him alone are rest aud sat isfaction. \ "They crucified Him" (IS) ? just three words; but, oh, the agony of it; and the shame and the farreaching sig nificance of it, and it takes in even me. "The Son of God loved me and gave Himself for me" (Gal. ii, 20). We may know nliout it and talk about it, but unless there is a heart appropriation of Himself there is no benefit. We can not explain it or uuderstatid it. We are not expected to, but we can receive and hold fast the very words of Scrip ture, and the entrance of the word will give life and light. He was wounded for my transgressions and bruised for my iniquities. His own self bare my sins in His own body (Isa. liii, 5; I Pet ii. 24). This I can believe and thank Him and rejoice thnl a just God will not ask me to bear what He has borne for me, I-having truly received Him as my Saviour. Bishop Thorold has .said that to recognize what we cannot explain and to consent that It should not be explained is the humility of true wisdom, and to accept what we could not otherwise have known on the au thority of God's revealed word is the obedience of faith. The crowd who passed by and reviled Him, the chief priests and the ruler? who mocked and derided Him and the soldiers who parted his garments among them and cast lots upon His' vesture and the thieves who also reviled Him give us a glimpse of nearly every possible phase of human nature and the attitude of the natural heart of man toward God. So it was In the *ays of Noah when He swept them _way by the deluge, and so it is still, yet He bears with man in his mad folly and Is not willing that any should per ish. The first^hree words from the cross, "Falker. forgive them." "Today thou shalt be with Me in paradise." "Behold thy sou; * * * behold thy mother" (Luke xxiii. 34. 43; John xix, 26. 27). set be fore us the forgiveness of sins, the home above and all needful care and provision in this present life?grace here and glory hereafter and all that is necessary in between. "He who spared not His own Son. but delivered Him up for us all. how shall He not with Him also freely give us all things?" (Rom. vlil. 32.) As one has said. ITo gave His Son?anything after that. Note the say ing in our lesson chapter "that the Scripture might be fulfilled" (verses 24. 28. 36. 37), and His own words, "The Scripture cauuot be broken," and again, . "All things must be fulfilled which were written in the law of Moses and in the prophets and in the Psalms concerning .Me" (John x, 35; Luke xxiv, 44). As truly and literally as all were fulfilled concerning His suf ferings, so truly and literally shall- all the sayings be fulfilled concerning His glory, and He who was born King of the Jews aud was crucified as such shall yet be seen and accepted by them as a nation as their Messiah and shall reign over them from the throne of David, according to Isa. lx, 6; xxiv, 23; xxv, 9; Luke i. 32. 33. If you believe it do tell it out and give Him no rest about it (Isa. 1x11, 6, 7), for many believers are too much like the disciples who forsook Him and fled, while there are few as bold as were Joseph and Nicodemus in this emergency (verses 3S-42). We are In days when the word is greatly needed, "Watch ye; stand fast in the faith; quit you like men; be strong" (I Cor. xvi, 13), and also that word in Jude 8, R. V., "Contend earnestly for the faith which was once for all delivered unto the saints." In that mortal body the glory of God was wondrously con cealed all those thirty-four years, as was the glory of God concealed in the Holy of Holies behind the veil in the temple. See In Heb. x, 20, how the veil typified His body. It is easy to get all the credit you want when you don't want it. , Don't be afraid to do more than is required of you. CASTOR (A Tor Infants and Children. The Kind You Have Always Bought Bears the Signature of (^^^^C^C READ 0\rER THE LIST. And Chose Your Favorite for Each Office. We present below the list of candi dates who have announced themselves in The Times and Democrat. They are good and true men and voters can easily f.nd a suitable candidate for each office. ? Look over^ihe list: FOR SEN ATOR., I hereby announce my candidacy for the State Senate from Orangeburg County, subject to the Democratic primary and the rules of the party. ROBERT LIDE. For House of Representatives. I hereby announce myself a candi date for the House of Representatives subject to the Democratic primary. ' . J. B. STROMAN. FOR sherd7f I hereby announce myself as a candidate in the coming primary for re-election to the office of Sheriff of Orangeburg County, subject to the ruies of the Democratic party. Respectfully, JOHN H. DUKES. I hereby announce myself as a candidate for the office of Sheriff of Orangeburg County, subject to the articles of the Democratic primary. Respectfully, / A. M. SALLEY. For Clerk of Court. Pledging myself to abide the result of the Democratic Primary, I respect fully announce myself a candidate for re-election to the office of Clerk of Court. G. L. SALLEY. FOR SUPERVISOR. I hereby announce myself as a candidate for Supervisor, subject to endorsement of the Democratic prim ary. D. M. WESTBURY. I announce myself a candidate for Supervisor. Having had much exper ience in road building and county af;, fairs generally, many voters realize that I am thoroughly competent. 1 am respectfully, T. M. HALL. At the solicitation of my friends i hereby announce myself a candidate [ in the coming primary for the office of Supervisor of Orangeburg County, subject to the rules and regulations of the Democratic primary. I R. N. OWEN. I announce myself a candidate for the office of County Supervisor, sub ject to the rules governing the Dem acratic primary. F. J. D. FELDER. I hereby announce myself as a candi date for the office of County Super visor, subject to the rules of the Democratic Primaries. T. D. A. LIVINGSTON. We hereby nominate Hon. L. S. Connor and call upon him to become a candidate for the office of County Supervisor, subject to the rules of the Democratic party. MANY CITIZENS. I hereby announce myself as a can didate for the office of County Super visor and pledge -myself to abide by the rules of the Democratic Prim aries. P- W. HARLEY. FOR CORONER. I hereby announce myself as a can didate for re-election to the office of Coroner, subject to the ^Democratic primary. f. N. RICKENBAKER. Superintendent of Education. I hereby announce myself as a candidate for County Superintendent of. Education subject to ratification' "by the- Democratic Primary , this Summer. E. H. HOUSER. I hereby announce myself as a candidate for County Superintendant of Education subject to ratification by the approaching Democratic Prim ary. D. H. MARCHANT, Jr I hereby announce myself a candi date for the office of Superintendent of Education of Orangeburg County, subject to the result of the Democrat ic Primary. L. W. LIVINGSTON. I hereby announce myself a can didate for the office of County Super intendent of Education of Orangeburg County, subject to the result of the Democratic Primary. EDGAR L. CULLER. FOR TREASURER. I hereby announce myself a candi date for re-election to the office of County Treasurer, subject to the rules governing the Democratic prim aries. A. D. FAIR. FOB AUDITOR. I hereby announce myself a candi date for re-election to the office of County Auditor, subject to the Dem ocratic primary. t. M. McMICHAEL. For Magistrate. I hereby announce myself as a can didate for Magistrate of the Fourth District, subject to the rules of the Democratic primary. A. L. SINGLETARY. I hereby announce myself as a candidate for the office of Magistrate of the Fifth Judicial District, subject to the rules of the Democratic party. R. K. HENEREY. I hereby announce myself as a can didate for Magistrate of the Tenth District, subject to the rules of the Democratic primary. t. j. bolin; JR. township commissioner. I hereby announce myself as a candidate for Commissioner for Prov idence Township, subject to the Democratic primary. G. C. SHULER. Many voters of Providence Town Don't Delay attending and getting your Share' , * of the BIG BARGAINS OFFERED. Not Any Stingy Showing But Big Values In Every Department. ! Only a few more Days to make Your Money Saving Selections. COME NOW When assortments are compjete. You should know from Experience that we never do things in a half hearted manner; Don't Delay Your Attendance. ....THEODORE KOBN'S.... OIR^l^GrlEIBTJ-IRGk S. O. ship desire to present the name of Thos. W. Shuler for the position of Township Commissioner from said Township. J. W. Hart, L. L. Hart, H. E. Moor er, R. P. Galphin, S. E. Felder, J. F. Shuler, 1. P. Bull. W. L. DeHay, D. i G. Dantzler, C. C. Shuler, J.O. Shuler.; For Cotton Weigher. I hereby announce myself as a candidate for Public Cotton Weigher for the City of Orangeburg subject to the rules of the Democratic Primaries. A. F. FAIRE V. I hereby announce myself a can didate for re-election as one of the j cotton-weighers for the City of Or angeburg, subject to the rules of the | Democratic primary. Respectfully, THOS. A. SALLEY. The many friends of Mr. Z. E. Grambling are anxious to have him run for the office of Cotton Weigher of the City of Orangeburg, subject to the rules of the Democratic prim ary. MANY FRIENDS. IF JOSEPH HAD WAIT ED UNTIL THE SEVENTH YE Alt OF PLENTY TO LAY BY GRAIN FOR THE SEVEN YEARS OF FAM INE, A GREAT MANY OF THE PEOPLE OF EGYPT WOULD HAVE DIED. IF MEN WAIT FOB A MORE CONVENIENT SEA SON TO TAKE LIFE IN SURANCE, IT MAY THEN BE TOO LATE AND A GREAT MANY FAMILIES WILL SUFFER. See ZEIGLER AND DIBBLE Today, Special Agents Equitable Life. Teacher's Examination. The Regular Teacher's Examina tion will be held in Orangeburg on Friday, May 15th, 190S, commencing at 9:30 A. M. The white applicants will be examined at the Courthouse and the colored at the State Colored College. Stiles R. Mellichamp, 3t. Supt. Education 0. C. M. O. Bantzier Hardware and Furniture ORANGEBURG, S. C. Hardware, Guns, Sporting Goods, Tinware, Belting, Machine Fittings Piping Cut and Tlireded. AGENT FOR THE FOLLOWING FIRST CLASS HKLI -iRLE FARM MACHINERY: f y ^ -j Johnston Mowers, Rakes and Disc Harrows. The Celebrated Farmers Favorite Grain Drills. Red Ripper Hay Presses. Oliver chilled Walking Plows. Oliver Sulky Plows. American Field Fencing. Bradley Gin Saw Filers. I also sell the Great Majestic Range. A fuU line of repairs ior rlv?<- machines always carried In stock. Will not Crack, Rust of Crystalize. Entire body one Solid Piece Asbestos Board, not Paper. Not chea* pest, bnt least expensive in long run.