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-VOL. XLII. NO. 110- NEWBERRY. S. C.. TUESDAY SEPTEM.BER 213 1905.~ TWICE AVWE.$10YA NEWBERRY MILLS SOUND AND STROM THE LOSSES APPROXIMATI TWO HUNDRED THOUSAND A Statement Gathered By A New and Courier Correspondent The r .Alings in Cotton Made -in the Interest of The Mill. Gol. August Kohn, Columbia cot respondent-of the News and Courier was sent to Newberry last Thursda: to see what was in the rumors re garding the Newberry cotton mil) and to report the same for the New and Courier He spent the entire da, here and sent the following lette which was printed in Saturday's pa per. For some time past there have bee: rumors regarding the Newberry :Cot ton mill, but investigation shows tha the mill's solvency and credit are no affected, as was stated in the New and Courier Thursday. Even shoul' the surplus and accumulated profit be wiped outc by losses which hav been suffered, the mill would still b, entirely free of debt. A suggestion of this trouble wa -printed in the Carolina Spartan, o Spartanburg, and some comment wa made in the News and Courier c Thursday. With a view of ascertain ing the facts, this correspondent wa detailed to visit Newberry and in qu-re inzo and report upon the fact without prej',dice to any one, and cer laily without d.]ng any one injustice An entire day was diligently spen in inquiry. but the conditions certain ly are very complicated, and the state rents directly conflicting. With th informalion that is available, after th met,.z persistent and painstaking ef fort-, the conclusion must be reache, that the Newberry Cotton mill ha 3o about $aoo.ooo in some way. Di ram1rs of the Newberry Cotton mil ck m~ that t'lis loss has been brough ab: by the injudicious an.J unati thoi:7d investments in cotton f- ture by the late president of the New berry Cotton mill, -Mr. Tho.-nas J. Mc Crary. On the other hand, frienis '..%r. ). Crary insist that whatevc ac tion he took in this matter wa- au thorized by 'the board, and that ther was not a dollar lost by the direct indikect action of Mr. McCrary. majority of the directors of the cot ton mill were seen, and while they d not authorize any statement upon thi matter and will not give anything ou for publication. I am told that M: McCrary's investments were unat thorized, and a complete surprise t most of them, and that they had n idea in the world that Mr. McCrar was dealing in cotton futures on ac count of the mill. It is also stated in Newberry tht explanatory facts have been found re ducing the amount of the lossest S14c.oo,. and it is held byv somec pe sons in position to be wvell informe that a full investigation will show th; no losses whatever as alleged have o< curred. Hence all figures oi the los: es, pending searching inquiry now progress, have but the value of e: timates. A Fine Citizen. Mr. Thomas J. McCrary was a< muittedly one of the most prominen public spirited, generous, and higi toned citizens of this section. H stood for that wvhich was good ani was always eager to upbuil-d this con munity. The people here do n< think that he did anything wrong ar in the very many conversations toda it was never suggested that there we any moral wrong on the part of M McCrary in anything he did, and ta most that has been suggested was th; his investmtslf in cotton futures c account of the cotton mill were unai thorized and without the knowleds and consent of the board of director This, as; has been said. is deniedb. the friends of Mr. McCrary, and it i further stated that on previous occa sions Mr. McCrary actually mad money for the cotton mill by invest ments in fu-tures, and that this mone; was placed to the account of the mill Some of the directors were askei s specifically if this was a fact, and the: positively denied that they had an;, knowledge of any money having bee1 made during Mr. McCrary's adminis tration through cotton futures. As far as can be gathered, the mil . has lost, estimating conservatively about $2oo,ooo in some way. The di rectors of the cotton mill will no make an authorized statement, bu from what can be gathered from them 5 about the first of September, whe1 NfMr. McCrary died, the cotton ac count ran to the amount of two hun dred and one or two or four. thousant dollars, and at the same time ther was on hand in spot cotton eight hun dred and seventy bales, which, at con t -rvative prices, would have aggrega t ted $34,000 or $37,000. The Losses On Cotton. 3 The dlifference between the amoun of coton actually on hand, 875 bales at that time, and the cotton accoun which aggregated at that time ove $2oo,ooo, represented a difference o s about $170,000. This, it is claimed f represents the amoun-c of money pu s up in margins for cotton and cover f the losses that were incurred on th . cotton account. There may be, fron s what can be understood, a credit i1 . this account of interest money. I s addition to this $17o,ooo which was in . ciuded in the cotton account an which represented the margins tha i had been already put out and on cot . ton which was not in the warehouse . there appears to be a similar margina account, of perhaps $3P,ooo in th bank accoun-rs. - These two items of $170,000 of mar gins in the cotton account and th s $30,000 for margins in the bank ac - counts and other items represent a I near as can be ascertained the losse t that the stockholders of 'the Newberr; - Cotton mills will have to sustain. s The Newberry Cotton mill ha - been carrying large amouns of cot - ton on the first of September of eacl r year, and from what can be gatherec - abou't the first of September, 190 they caried as much as $30,000 wort) e of cotton; in 1901 $134,169; in 190 $i8o,ooo; in 1903 $272,ooo; in Igo $3o4,ooo- It may, therefore, be seel -that a report that there was $201,oo 3 worth of cotton on hand on the firs a day of September need not have bee: t surprising, and it may further be mer -tioned that the Newberry Cotton mill - has been carrying large stocks of coi a ton. In fact, it may be of interes 3 to know tha't in 1899 the cotton mil 7 in November. carried a stock of $325 ooo;0 in March, Igoo, $348,ooo; in De cember, 1901, $343,000; in March Igo: t $303.ooo: in December, 1903, $344,ooc in January, 1905. 5449.ooo. 0 Confidence In The President. -The directors of the Newberry Col d ton iljls, as :,e; as the peoplec .tNewberry, ht,ve the most absolute an -implicit confidence in the every at -tion of President McCrary, and, fror n what I can understand, when he r< ported to the board that there wa $2oo.ooo in cotton they, or at lea, those who wvould reply, believed it wa Ispot cotton and partly margins; n tone among all of those with whom tspoke questioned the purpose of M e AlcCrary to do the very best for th d Newberry Cotton mills, of which b I- was president. SAll seemed to think that his inves d meats, while unauthorized, as some< Y them conten-d, were intended for tI: Ls betitrests of tecotton il an' rto make muoney for the enterprise< e whichh he was the head. Mr. AlcCrar thimself held over $30.6oo wvorth of t' n stock and naturally, aside from tI 1pride in the mill which he did so muc s. (Cont-intued on the Seventh Page.) THE GUBERN1T0 RIAL CONTES, POLITICALPOSSIBILITIESANI THEIR PLATFORMS. The Many Probable Aspirants Fo the Governorship, Who They are-Solution of Dispen sary Question Will be Prominent. Union Times. - This is the season of political gos t sip. Already the political architect t are gathering material for their plal forms and political prophets are di cussing the - prospective candidate! ~ The newspapers are filled with cor - ment and commendation in regard t those who will seek next summer th e gubernatorial chair and many pos - sibilities are in sight-indeed they re - call Milton's graphic line - "Far off Their coming shone." The recent dispensary agitation an the development of marked and ap t parently invincible opposition to th , dispensary system has greatly compli t cated the political situation in -ch r state. Upon this question much wi f depend and the next campaign wi , surely decide the fate of the systen t And it is certain that its struggle fo s life will be hard. He who will wea e the gubernatorial toga will wear 1 after a hard fight. 1 There are many who wish to se 1 Governor Heyward for a third tim - at the head of the political machir I ery of the Palmet-to state, but it i t almost undoubted that he will retir - at the end of his present term. Hi , election four years ago, when he wa 1 a comparatively unknown man an e rather conservative in his views, ha inspired many who have not serve - a poli-tical apprenticeship., and wh e have not been cradled in a politic - workshop, boldly to aspire to th s gubernatorial honors. s The most prominent candidate jus y at present is Martin F. Ansel, ( Greenville. Four years ago he deve: oped surprising strength and wa third in the race. His great strengt lies in the upper part of the state. H has already briefly outlined his stan on the dispensary question and ha declared that he believes in the prir 2 ciple of local option under regulatio 4 and supervision somewhat similar ' a the present dispensary regulation an Ssupervision. Ansel is an opponer t worthy of any man's steel. It a thought by many that had he bee -in the second race with Heywar s four years ago the resul-t might hav bei~n different; while there are man t who doubt whether he is as stron Inow as he was then. - Senator John S. Brice of Yorkvill. the author of the famous "Brice bill is strongly mentioned as a probabl candidate. He has made an exce lent record as a lawmaker an.d the at thorship of the bill which bears h1 name will commend him to many wh antagonized the present dispensar d sstem. He has never figured sa~ icounty politics and therefore notl 1ing can be definitely stated as to wh; his strength might be. He is a har fighter, thoroughly incorruptible. ar s arless in his convictions. The central portion of the state o, always debatable ground and from i looms the formidable figure of Mei r. del L. Smith who has wielded ti e peaker's gavel during the session e he last three houses. His record; p'osiding officer in that body h; iver been excelled, as an appeal h; Snever been taken from his .decision He is a man of marked ability ar Lthough a young man has already d veloped the characteristics of -the su cesu politician. H e has many frien< and is v::ry popular. He will be vei ehard to defeat and his chances a hvery favorable. - Sumter sends mnto the arena Ric1 ard IT Manning, a man of unimpeaci able in:egrity. and of great busines ability. He has taken a strong stan( though not with selfish purpose. i the cotton fight, and is thoroughly i sympathy with that movement. H y has served most acceptably as sem tor trom his county and as presiden pro tem of the senate during the pa: r session. He has outlined his pla form which is not antagonistic to th dispensary .system as it was first in tended to be operated. With a clea record behind him and the good narr of his family to uphold him, he ough to make an excellent showing befor - the people next summer. s Another prospective candidate wh - has led in the cotton fight, but wit - no motives save open ones is F. F i. Hyatt of Richland, long connecte - with the agricultural interests of th a state. He was prominent in the goo roads agitation and was one of th - first men to advocaEe the cotto - movement in South Carolina. He a first-rate business man with n political record. Gifted with muc d common sense and practical know' - edge, he would appeal readily to th e people of the state, however muc - his political inexperience might mil e tate against him. 1 The Pee-Dee secton has a favore I son in the person of Robert P. Hame . of 'Marion, a thoroughbred farmer an r a most successful one. He left co r lege after receiving his diploma an t entered ~che post graduate school < the furrow and field where he has ev< e since remained. He is a strong ma e in his section, capable in and fair i - all his large and various transaction s He has never aspired to political hor e ors and has had nothing at all to sa s in regard to his prospective cand s dacy. His chances would not be ur d favorable should he en-rer and his se( s tion would stand to him as one mai d Lieutenant-Governor John T. Sloa c of Richland, prominent in state pol I tics for the past three decades ma e figure next year as a gubernatori aspirant. He has been sena'or froi t his county and has served in his pre! ent capacity for two terms. He com< of an honorable family and made a s excellent record in the days of 187 h He has not taken any marked star e in the cotton movement but in time d past has been supposed to be in adv< S cacy of the dispensary. It is hardl - probable that he will run on a di n pensary platform, however. D The only pronounced and avowe d dispensary advocate is Cole L. Bleas t of Newberry. He has been a her.cl S man of the Tillman regime and h: n figured in politics for the past t< di years. He was an unsuccessful cai e 'didate for lieutenant-governor foi y years ago. -.His championship of ~ g unpopular cause would not add to h strength. 6' Among those who might run on absolutely anti-dispensary platform e Joseph A. MdCullough, of Greenvill -a distinguished lawyer of that cit He has been first in the fight on th S system and has been uncompromi o ingly against it. He is young, capabl Y fearless, though conservative, and a: -e gressive in whatever he understake 1 Chiefly by reason of his wonderf tt popularity, rather than on account d political vi ws or beliefs. Mayor d Goodwyn Rhett. of Charleston, hi been mentioned. but he is a gentl s man who woul-d hardly give up 11 it business to embark upon the unce 1- rain sea of political fortune. He te thoroughly capable and as a muni< >pal officer has no peer in the state. LS Newberry may send another Ric ts mond in the field in the person of. Ls C. Jones, who is an old enemy of ti s. dispensary and its champions. It d not yet clear just what he will do. SEdge field, the political Mecca the ate, may vet send into the eo I test that 01(1 Roman, John C. She 7 pard, ihe political hero of the re days. He bears the name of genti man, upright, honest, fearless ai i- (Continued on the Second Page.) IT. E COLLEGES OPEN " WITH FINE PROSPECTS e - INSTITUTIONS WHICH HAVE t BEGUN WORK. it e All Have Increased Attendance-More Boys and Girls at College in South Carolina This Year Than Ever Before. The State. Greenville, September 21.-At the opening of Furman university yester day there were 200 in at-endance for enrol4ment in the university proper d and 45 in the Fitting school. This d exceeds last year's attendance by 50 d or more. d Greenville Female college opened n yesterday with an enrollment of 200, with many more to come today and stomorrow. The fall enrollment will o exceed last year by something like 20 per cent. The Greenville Female college management has found it nec h essary to secure considerable outside dormitory space in order to accom modate the great increase, and it is d 'hoped by next year that -the annex now being p!anned will be ready for r, occupancy. Presiden-t James is en thusiastic over the outlook. Chicora college opened Tuesday, but t.. enrollment is not yet com plete, as pupils are t- -ing in every r day. The attendance row exceeds n that of last year considerahly. Newberry Collegc Prepared For a Crowd. Newberry, Se:-tember ai.-Pre. J. A. B. Scherer of Newberry co::ege was seen by -Ehe corresponden: to day and questioned concerning the preparations for handling the heavy increase in number of students and increase in number of studeats and y concerning the prospecEs and present condi-tion of the institution. lie said: n "Our preparations for an inc-eased body of students have gone forward S with great satisfaction. Not only n will the renovated dormitories and 5. boarding hall be in readines-, but the d loyalty of the people of Newberry s has responded to the increased de mand for private boarding houses, as was to be expected under circumstan ces. New patrons from West Vir ginia have already.secured accommo d dations with Mr. R. D. Wright, near the college. Mrs. John A. Summer 'has received applications for board s frorm a number of North Carolinians. n Mrs. Williams of Clinton will open a student boarding house in the WiI rson residence. Mr. Dominick, near n the campus, will be ready to accom imodate table boarders, while other friends who stand by ready to assist a the college in this matter, if necessary, is are: Mrs. WV. P. Houseal, Mrs. Long e shore. Mrs. Aldrich, Mrs. Welch, Mrs. Y Gailliard. Mrs. J. F. Epting, Mr. J. I W. White, Mr. B. *M. 'Dennis, Mrs. STaylor. Mrs. J. P. Mahon and Mrs. e H. F. Cline. So Newberry will be -ready for the students when they come. Mrs. F. M. Connor, the new a mnatron of the campus boarding hail, afis now in charge and putting things to - rights. In addition to other improve s ments already mentioned, a new ce e- ment floor has been laid in Holland ihall. to replace defective work, and rthe columns have been subjected to isfresh treatment. - -The friends of the college continue to maniest their active interest in - various ways. The Hon. A. F. Lever - of Lexington and C. 3. Ramage, Esq., ie 'of Saluda have kindly offered to es i tablish a George WV. Holland medal in philosophy, which the faculty have of gratefully accepted, subject to the en n- dorsement of the standing committee pof the board of trustees. A friend in Id Virginia has provided the equivalent e- ot a scholarship to assist Lutheran didst udents for the ministry. And the _3. B. Lippincott company of Phila delphia have recently made to the