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LOSSES AT BUFFALO AND UNION MILLS SAID TO BE PROBABLY OVER A MILLION DOLLARS. any Reports-Result of Speculation In Futures and Spot Cotton. Th- following appeared in the 3re-ville Nexv; of Sunday. A- the record is being examined, 4hC >li Story of the Union Cotton Milis trouble is coming to light and when 'this is formally made public the -sensation will be even greater than that in Columbia when W. B. Smith Whajey was forced to relinquish con tro1 7i the magnificent properties on the Congaree. While the new man agers are silent, it is said that Presi Jeni Thomas C. Duncan was short -nore than 6o,ooo bales. and the man -who -deals in cotton can realize the e!xtet of this transaction. The Greenville News is in posses sion of numerous facts concerning the situation, but for obvious reasons it is best perhaps that these be kept out of print. The truth will be known in time. Yesterday a week ago Mr. Duncan went to Washington to meet 7epresen-tatives of the Fleitmanns, of New York, who have been putting up his ma-ri -. He arrived in Wash -ingto: unday morning and left for .aome, refusing to go to New York. Later a special meeting of the di rectors was held at which E. W. Rob .zrtson was made treasurer. It was -published in this newspaper yester day tha- the by-laws had been chang ed at the special meeting of the di rectors, and while it could not be Jearned at first what changes were -made, it is since learned that it af :ected the office of presiden-t and treasurer. Heretofore, the ',wo places, .as In other mills, have been consoli -dated, but at Union and Buffalo mills -they were divorced, Mr. Robertson having entire charge of the finances, -while Mr. Duncan is president only -in name. In other words, he is prac -tically out, and it is said t'at he will be so in fact just as soon as the stock ..olders can meet on October 3. The first reports had it ~That the :amount involved by speculation. which was carried on in the name of -the mills, was $700.000. Other re ports have it that the losses will ag ~gregate $r,300,000. The amount of 4otton short by Mr. Duncan would ~indica-te that this latter figure is more -nearly correct. Mr. Robertson and the executive committee, composed of Messrs. Fleitmann, Law an-d Winchester, will relly 'h:ave charge of the two mills, :bu the understanding is that Mr. ifRdbertson will be in control hereafter. -T'ht Tfirs't plan was to have receivers ~appoint-d, -but Mr. Duncan and his OUnion hi-ends successfully resisted tihtcdffort, -and the new treasurer and the-exectifive committee are acting ap parently-as such. The -cre'ditors are doing everything -possible to lift The mills out of tahe .16ke inito which they were thrown by *cotton speculation. It is believed -that M.. T)uncan speculated more in spot -cotton than in futures. although 'tie -evidently dealt in both. There is -much. local interest in the plan which the creditors will adopt, as at least one creditor resides in Greenville. - The whole situation is so terribly mnixed that it will require the services of able financier; and expert ac-! :ountats to get heads and tails of the Mi-ation. One mill was heavily- in ;iebt to the other. andl there is con stant talk of "kiting" and other things. Indeed, complete dem>ralizationi has swept ov-er Union and the Piedmont. and much canern is felt. as it is feared that the credit oi the cotton -mmiis in general will be hurt in the east. When it is known. however. -that the spinners can make money between the price of the raw product and the sale of the goods, it would - eemn that there is no further sense ~r. -speculation, further than to hedge a?nd thereby protect the mills against loss shoil.d the market take any sud den and u'nexpected turn. Even while appear that the Union and - . -pr opcrties are heav-ilv involv -nea. :is said nn good au hat- -i both plants were making onyin manufacturing. Nothing definite may reach the pub .ie until after the stockholders' meet ly possible that sensational develop ments will arise in the meantime. It was learned h-ere that former Congressman John D. Bellamy, of North Carolina went to Union yester day in the interest of the Aclantic National bank of Wilmington, which is one of the creditors, and which loaned money on certain cotton, which has not been located. There is a strong belief in t1he town of Union that the affairs of the cor poration are safe, in spite of all that has been discovered. One promi nent and wealthy citizen of the coun tv has announced that he will buy every share of the Union and Buf falo stock that he can get his hands on at $ioo a share. Others are equal lv aS confident, and Mr. Duncan still has his friends. who believe that he wil vet come out w lInV1 colors. An Important Change of The Board. Union. September 22.-At a very important meeting yesterday an al most complete change in the manage ment of 'the Union cotton mills and Buffalo cotton mills was affected. At this meeting four directors and the treasurer, T. C. Duncan resigned and in the subsequent election the fol lowing well known and substantial business men were elected direc tors: Union cotton mill, Emslie Nichol son, president Nicholson's bank; John A. Fant, president Monarch cot ton mills; T. C. Duncan, president of Union and Buffalo mills, all of Union; H. C. Fleitmann, capitalist, New York; Wm. Winchester, banker, Spartanburg; E. W. Robertson, bank er, Columbia. Directors Buffalo mills, F. M. Fant, president National bank; A. H. Fos ter, capitalis~t, and T. C. Duncan, of Union; with the same out-of-town directors as the Union mills. E. W. Robertson of Columbia was elected treasurer of both mills and has entire management of the fi nances. A special stockholders' meeting has been called for Tuesday, October 3, and an executive committee con sisting of H. C. Fleitmann, New York; Wm. Winchester, Baltimore, and John A. Law, Spartanburg, was elected and given full power to act in the interim. Yesterday and today quite a num ber of heavily interested parties have been in att'endance on a special mee' ing of the directors of the two mills. All kinds of rumors were in cir culation on the streets but it was not until last night that anything defi nite was officially given out. E. W. Robertson, when seen by a press representative, said in substance: "Yes, the e were changes in the Union and Buffalo cotton mills man agement yesterday, but -the mills will keep on running just as heretofore; that is so far as the operatives are concerned. "About the mill's liabilities, it is mpossible to say just now what the onditions are, hu-t several expert ac ountants from New York are now going over everything and we hope to learn the exact status of af fairs soon, but it is very probable that nothing will be divulged until the stockholders' meeting on October 3. Since it has become known that the reditors of the mills wvill make every available effort to relieve the pres ent situation and that the affairs of the concern are in the hands of such strong, able and conservative finan iers. the feeling of confidence in the final successful outcome of a situation :hat has been extremely delicate, per plexing and trying since the early part of July has grown rapidly and urelv here and i: is believed will be ome general as soon as these facts become known." The Union cotton mills was or ganized January 18, 1893, and ground was broken for mill No. 1 that sum me. the mill having about 10.000 spindles and 250 looms. In 1896 mill No. 2 was built for 72.000 spindles and 2,000 looms, this being increased by economizing space until.*now 96, ooo spindles and 2,300 looms comprise the equipment. The capital stock at irst was $230,0oo, but is now $.0. ooo. These mills employ 1.200 per Bufalo cotton mills, four mi.es west of Union, connected by the Union and Glenn Springs railroad, is one of the handsomest mills and best Work was begun on it in igoo and it was completed eighteen months later. The mill now has 64,000 spindles and 2.ooo looms and employs Soo persons. No Change At Seneca. Seneca, September 22.-Col. T. C. Duncan, who 'has retired from the management of the Union and Buf falo mills, is also president of the Seneca co~tton mills. The mill are running as usual today. and so far as can be learned today no change is contemplated here. FOR THE FATHERLESS. Odd Fellows' Home in Greenville Is Opened.-Members of the Order Are Happy. The following from the Greenville -News will be read with interest by the local Odd Fellows: In receiving five orphan children as inmates Aesterday morning the Odd Fellows' home was actually opened. There are numerous applications but the board of trustees is careful in approving them and yesterday, three more children were told they could enter in addition to those al ready enrolled. As time passes, how ever, the number will be increased. There are new applications alrhetime which receive the attention of thetrus tees and as they are approved the en-, rollment will expand. The first meal. was served at i o'clock yesterday, and seated with Superintendent Vaughan and the lit tle people placed under his care, were Grand Master J. J. McSwain, Chair man C. J. Pride, of the board of trus tees. and the mothers of the children who accompanied them to the city. The table was well supplied with sub stantial food, and -the inmates are to receive just what Superintendent and Mrs. Vaughan have at meal time. In addition, Superintendent Vaughan is well educated and has been a suc cessful teacher. In this respect the Trustees were peculiarly fortunate in securing him, for the children are not only to be given a home, but are to be educated and given all the ad vantages of high school training. It was a happy occasion for Chair man Pride. For several years he has set his heart on the home and as much to his efforts as to any o'ler Odd Fellow's is the institution -due. t has been aIn unselfish task with im, and in placing him at the j ead of the home, the order not only < recognized his business ability, and inegrity, but acknowledged in a reasure the part he had taken.in the work. 1 The spiritual side of the inmates f the home is not to be neglected. Ministers of various denominations will be invited to conduct services n -th:e institution, and the Rev. WN. B. Sams, of this city is an enthusi astic Odd Fellow and editor of the l'r-State Odd Fellow, published in . Greenville. A more delightful location could not have been selected for the home. The old Carpin residence isr a splendid brick buliding, three stories high, and rests on the brow of a high bill. The place has been remodeled and fitted up wit.h a complete system f water works for the convenience >f the inmates and a protection against fire. The rooms are large and well ventilated with plentry of light. fr? fact, it is a handsome residence adapted to the purposes of the home. The children admitted yesterday were from Pelzer. Their fathers' were Odd Fellows at the 'ine of their deaths. The children arc Della. Esie and Albert Cooper and Beulah and Mabel Dunnaway. Three other children are expected to arrive to (lay or tomorrow from Lexington. REGISTRATION NOTICE. Notice is hereby given that the books of registration for 'the Town >f Newberry, S. C., are now open, ad the undersigned as Supervisor of Regristration for said town will keep said books open every day from g a. mn., until 3 p. in., (Sundays ex cepted), including the 1st day of De cember, 1905. Thos. 0. Stewart, Supervisor of Registration. September 6, 1905. It pays better to find fauh wvith yourself than the weather. Youths of eighteen always envy a Rubber Gc Full S N ATOMI 50, 60, 75 HOUSEHOLD 40, 50, 75; FOUNTAIN 65, 75, $1.00, Rubber I Rubber' Rubber Rubberl Remember th, prescription at charge just wh; at The Right E Gilder, Week; Litestone Coll Gaffney, POINTS OF EXCELLENCE:--Higl nruction. University Methods. Fine ent Labaratories. Beautiful Site. yeh. Full Literary, Scientific, Mus B. and A. M. Winnie Davis School 0905. Send for catalogue. LEE DA >uthern Lime e CHARLEST Building Material of al Roofing "RI Write for SIs Your Kitchen P1l Whleit iscmendat attention to the constructs it is advisable to give as equally equipment of your kitchen. Take into consideration the fact the kitchen and that the utensils in v~ inc the plumbing in your kitchen ar cost of putting in a "$tondwd" Pc abundant supply of'hot and cold cleanliness wvill be assured. Our booklet, "Modern Ho: kitchens equipped with "$tand for a copy. Every "$andan Si: FOR SA] C. C. TDAVIS, N iods, tock, ew Goods. ZERS ind $1.00 SYRINGES and $1 .00 Y RI NGES $1.50, $2.00 4ipples Tubing lings 3attles Dt we fill any any time and at it is worth )rug .Store, & inter. ge for Women, , S.C. 1 Star.dard. Able Faculty. Thorough Equipment. Splendid Library. Ex Unsurpassed Healthfulness. Honor ical and Artistic Courses. Degrees of of History. Next Session opens Sept VIS LODGE, A. M.. PH. D. President. md Cement Co. ON, S. C. I kinds. High Grade JBEROID." Prices. unbing Modern? ile to give the utmost on of your bathroom, good attention to the sanitary that all your food is prepared in hich it is prepared depend upon the sanitary equipment of the kitchen for their cleanliness. Is this fact alone not suf - ficient to war- . rant the in stallation of a thoroughly sanitary k it chen sink ? We would like to exam id if it is defective, tell you the rcelain Enameled, Sink with an running water. This done, me Plumbing," shows seve'al Sinks. Call, write or phone uk is fuly guaranteed. EBY wberry, S.C1