Historical Newspapers of South Carolina

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MONEY SI I it A HON HOLDING ITS OWN SEVERAL FAILURES OF BANKING AND TRUST COMPANIES. The Big Banka Meet Ail Demands of Depositors-?"V/cckerd Pause Relieve: Situation. New York. Oct. 2"). .\ not Iter nerve-racking' day lias passed hut the financial in-slilnlions of New York have s'mw ex1inordinary power of resistame i<. i>e i ris urc put 11 j >111 t11 i . }?;I? i1 !s line thai sew ral mi iii r iii ; i: ; ii:i w i( imi t *nvcii Ik -! -? I !u-ir (I " I--. \i*| two Illinois should In1 - a 11! n n it them I i: si. thai the aiuouvt ii?\?i!\.mi was not so viva: as |u i xt-i"! : !i? .i !\. I intlmme mi the jencral sii i :j 1 ! ?:. a- these I..ink WC?" located 111 l'r- i.lcil i:i I ; j 11 a II crs am! did not come into touch .villi ihe larger I'isian ial ?nst il in ii.tr; of (lie met l opolis. :''!il -ecomi. that there is eVl'f V ii Jo i:- 11 | |i;l| | hese hank > and ii >1 ?ompa nii-s ;tre cii1 i r?? I v solvent ami their <1 i 11 icul I ie< . will prove io he ?'iiiy temporary an.I <lnc entirely in i;i;11>iii! v lo secure ready rash on ilie nil'.-edged securif ies in I I'eir vanils. In I lie li'.:lii of | Jii* ra! eveiteinen! I lie vi'vi;.-.:-. bank-- thought il w i-e in jiiil into el'lVi'l Ihc rule re?111iri11.'!<> I?> lays' notice I' ?r Ilie wi! Inlrawal "I' . ?i! -. ami ihis'will |n evenl l In- withdrawal of money wliieli wmilil otherwise he put ill sa I ty deposit l)<i.\iv. The savings hanks, il' tliey eonl inned lo make payments, would he obliged to withdraw funds from the national hanks, thereby causing an additional strain on tin; general hanking situation. There was not the slightest hint that any of the savings institutions was in anything hut the soundest condition and it was pointed out that the savings hanks of this state are so restricted by law in investing: their money that there can he no question that all of the securities in their possession are of good value and readily salable in normal times. Banks Closing Their Doors. The institutions which closed their doors today, with the sums due depositors, were: The I niied Slates Kxrhange hank, Harlem, $(>00,000, International Trust company, ahout $1011,tint). The Borough hank of Brooklyn, $-l,~ 000,000. The Brooklyn hank, $2,1)00.000. Williamsburg Trust company, Brooklyn. $7..">0i 1,000. The First National hank of Brooklyn, $:t,r><>0.000. The Fris-t National hank of Brooklyn, the Williamsburg Trust company ami I lie International Trust, company were allied institutions. None of these companies had any important business connections with the larger hank- which are representative of the city'- financial affairs. Paid All Demands. On the oilier hand a number of favorable features marked ihe day. The Trust Company of America ami the Lincoln Trust company, the two organizations which have suffered most from runs, have been slowly paying out to their dcjnsiiors and closed today with all demands having been met. In the case of the Trust Company of America the run has wellnigh spent it.- force as the great hulk of the depositors have been paid off At I he close of business there were ; good many in line at the Bincoli Trust company, but also there wamarked nductiou in the number ol anxious depositors. The most favorable incident of tin day was that the stork exchange wa provided with funds ample to meet it: immediate necessities by a mone; pool, headed by .1. l'ierpont Morgan which sent about $1.">,000.000 to tii exchange during the afternoon. A all of the loans made today hold ove until Monday, the stock exchange sit nation will not he a factor in the pro Idem that the bankers may be calle. upon lo solve tomorrow. A very en couraging feature of the afternoon' developments was a signed statenwMi by Clark Williams, tiie newly n| pointed state superintendent o hanks, affirming the solvency of th local institutions. A further encouraging dcvelopmcr of Ihe afternoon, the good effect < which can scarcely be over estimate! was the decision arrived at unotlicia ly lo issue clearing house certificate probabh tomorrow. There will be full meeting of the clearing house a: social ion tomorrow morning at 1 o'clock for t:he purpose of taking o flcial action for the issuance of the.certificates. The immediate effect this w'!l be to enable the banks I settle the balances between themse ves with these certificates and tlier hy release large sums of currency ft I lie regular ne? (Is of business. Clearing House Certificates. The decision to issue clearing house eerl ilicales is likely tc> end further anxiety in regard to .the supply of eurreney. 'Phe lirst issue of clearing house certi I'icates was in l.StiO. The last oe: ration <>M wliieh they were availed id' was in IS!)."?. Tin* eerl ifieates are used only between banks in lite M'ltleriwui ol' their balances at the elejir"1/ 'house. They do 11 t appear in j general eireulation. II is believed by ! competent hanker*: that an is>ue of ; - >0,000,01)1) will !)( llii- outride limit l i > b:;| will lie re |:iiI'ci! mi lie !>!' '; il i i> n. I1 is believed also |I|;|| j 'lie ! :( !< I'jirj tint (hey ;i re In bi- isj 'led will so l':ir restore eonridenee | thai runs upon banks will cease, so ; that il will !i?-l tie necessary to keep j I'll- eerl i I'ieri I e out -I anding lor anv j coii-idcrebb' Iciejlii ol* lime. I he I'acl Unit the b:ink< and the stock exchange will be open for business bnl I Wo hours tomorrow and llnil Sunday, with all its opportunities of j ? ;?111;in-r | iiblii* sentiment, will inleri vene. added to the more hopeful view ol (be situation taken by (the leading l financiers tonivht. will ?io much foward clearing the finacial skies helore another week begins. ROOSEVELT INFORMED OF FINANCIAL CRISIS J *.\>proves Methods of Relief Adopted by Secretary of the Treasury Cortelyou. Washington, Oct. 2-1.?President Roosevelt was today thoroughly informed regarding the financial stress in Wall street ami Pittisburg and is understood to regard the crisis as over. and also to approve, of the measures of relief which Secretary CVtrtelyon afforded l>oth cities. Both Senator Knox and Assistant Secretary of Treasury Howard had direct information from Pittsburg bv telephone today which was of most reassuring eiharacter. Xonnlor Knox |obl the presidenit that all apprehension in thai quarter was dispelled. Secretiiry (iarficld, who, on his recent, extended Western trip, made financial conditions a special subject of inquiry, reviewed the situation with 'he president al some length. What lhe secretary found in the west was also encouraging. He reported to the president (hat Western bankers have gradually been divorcing themselves from Wall street influences until they are now practically independent, nt least to the extent of not being embarrassed because of a slump in I he securities dealt in on the New ,i ork stock exchange. Their loans are largely secured by WVstern real esl.iite and oilier local securties and those which are based on Kastern securilies have largely been readjusteil during I he past year on the lower value of the securities. The president, when asked if he would make any statement on the si I nation, imiicaicil that comment from 'iiin was unnecessary. 8100.000,000 REQUIRED TO PREVENT GREAT PANIC j New \ ork. Oct. 121.?Seldom if ever had the veterans of finance seen a rca-t situation saved s.? quickly and I so elVeciively by such a Napoleonic * slrok?\ W'ili en tin* stock exchange closed every one was getting all the ; money he wanted. The close was . marked by a memorable scene in i which (he brokers gathered around i the principal trading posts and gave : three cheers for ?I. P. Morgan and f I lie in inhers .f (lie pool which had <n veil I he day. The aggregate amount of money < which had been contributed in order * to weather the storm and restore eonfideiice assumes truly colossal proi, portions. Uoughly estimaled il ine dudes 000,00 which Secretary s t'orlelvou deposited in (he New York r banks, ;f2~>.000,000 which the Morgan - pool brought to I lie floor, $! 0.000.0(10 - wliieh dolln lh Rockefeller deposited >1 with the I nion Trust company as a - means of stemming the tide al the * Trust Company r America and finalt j ly another ."foil,0O0,000 w hich il is m>-jderstood Mr. Rockefeller stood readv ifilo advance lo meet further stress coti0 iliilions in :i 11 considerably in c\cess of $100,000,000. d NO CHANGE IN MANAGEMENT. M . 1- Central Railroad of Georgia Under 1 the Same Control, a Macon, Ga., Oct. '21.? President .1. s" I l*'. Hanson of ihe Central of Georgia 1 j railway today wired Oakloigh Tliornc f- j ol New ^ ork askitv h'un for infor**'| million of 1 lie reported sale of the >f ; eonl rolling slock of the Central of le , Georgia. Tonight lie received a reply I-1 by wire signed Oakleigh Thorne, savj ing: '' Absolutely no change in silna>r (ion.' DIt. LINDER GETS BAIL. Union Physician Who Shot Lucy ' Lipsey About Ten Days Ago is Itele^Bed From Jaal. The Si ale. I "ion. Od. 2-1.?\\\ u | .vim slm! Lucy I.ipsey on Tuesdav. !)ci<iber 1">. presumably as I he result i'l her attack <>n liini in his -privte of:ice mi March *_!.*?, when she sliol him in tin- back without warning was today released ?>n hail. Ye.sturdav Messrs. 15. |*\ Townscml and \\\ \\'. ' Johnson nf I ?r. Liinl. r's counsel wen! : < I' 'i' Judge I,'. ('. Writs. \\ Ik, is p,*c i iit: . ; \ in 11<>:i ple.i 'A 1 :M :: o ,Jml'.:. ?V::tt?. ; r.i ;;l? <i I. : ; ; i?i?-i i ion fll;!;ail. l!\big lie mm mim n; T. I day I III- bond v. ;i - duly . ig;u-.|, thoMI u in i - ii i n ii being I'r. S. S. Under. Mis. I-. ! .. l.iiiiN r ;iinl |{. I,. MeNall ,| sani" bavin-,: been duly approved by I be clerk ur?. !;r. J-i/rder w ; ! rel-'iised from jail. i HE SURE WAS A MAN. Candidate Calls Another an Old Man ' and Soon Discovered His Mistake. Si. Louis Democrat. i When W'illiam Allen rose up in the early <0 , and surprised the count rv I'.v iieiug elected governor ??1* Ohio oil llii' I)cuiocrai jc 11? |<i*I one of the obstacles in- triumphed over was the charge ot being an old man. lie addressed a .ureal media-*- al Mozart | llall in Cincinnati the night following-; ilie day in which (his ill-advised ! charge had been brought against- him 1 by a responsible Republican leader.' Strang, vigorous, and well preserved as be was and retaining unbroken that quality of voice which had designated him as ''Foghorn Allen" when he was in the senate, he was still politician enough to use it for all ' it was worth to him. After slating the charge iu all its heinousness, he j straightened himself to his full j height of more than six feet, and. I beginning in a loud voice, asked:' "Am I a man/" The next question | was in a voice pitched a scale higher I and asked: "Do 1 look like a man?"' lint the I bird in which lie put out all of his tremendous vocal power, thundered to shake the roof in rearing, "Do I talk like a man I'' The audience was thrilled. Such high physicial power in a man of that age appealed to it irresistibly, ami from it flowed out tiie waves of influence which revolutionized a stale. While people continue to admiie strength and that rectitude of living which keeps a man strong far beyond his youth. No man who can make such an appeal to them can be said to be too old for anything in their gift. And even Teddy in the canebrakes might keep an eye on his Uncle Joe Cannon kicking the ball for the goal al the opening of the football game ' in (ialosburg. ill., last Saturday. Mo t men have to die to have diffcre.it things said about then* I ?y giving up tobacco a man can speed more on his other bad habits. wi.was ?? A Favorite Be With i This new, improved laxat I come extremely popular everywhere. It works so \ effectively that it never fai B relief, and at the, same ti I interferes with business. I Orderlle have none of the faults of tin I tives on the market. They are I and better. Positively dr n cause nausea. Quickly an 1 ] cure constipation and sluggish not followed by any con.;* ipati Regulate tlie bowels perfectly and you will understand what mcnt they arc over other remc Pleasant, vanilla flavored tal Small Box (12 tablets) Large Box (36 tablets) LCILDER & WE L'RUS!l;iTS 3 MAI IN BANKaUP'xlOY. I.'NITMI) STATES OF AMKHICA, DISTRICT OF SOUTH CAHOLIXA. In the District Court. In re., Adam Crane Jones, Bankrupt. Pursuant to ail order of I lie Disnitl Court of (ho District of S.uth < ai'olina, in the mutter of Adam (tunc ,/*>!)( :.. Ilunkrupt, passed 4m tlio t'ou.-tfv-ntii day of October, l!)()7. I w:d :?eil a; public auction to the 1 .'.lii's| !/id;i('j*, on Moudav, Xovem"II!:, liM/7. at II o'clock in the s' 1? :io- !?. I In. ro?,.f House ' !l' *?' ? crry. in t!;( Slate ami ' " ' '< 1 u' >m id. I ho I o||,?win do-I ; ' ' " ' 1! i. all ot which iiiuak-d in tin- Town of Xcwborrv, j D:slri?*t and S'ato aforesaid: ' ' 1,i!l I"' M',parcel of laud 0011laiiii'iv: !?.' ( and ,12-100 acres, more !' less, known as the Boo/or lot and hounded by Calhoun street, by i'rossly street, by McMorries street, "v lot of \\ illiam Johnson and by <>f Uiev Smith. -. One-half an acre 1>I, bounded j by Caldwell slreot, Boundary street, Nance street and the Brown lot, < known as the Metts lot. j 3. That lot or parcel of land, containing one-half an acre, more or less ' hounded by Caldwell street, John- 1 stone street, Nance street and by the " Metis lot. THIJMS HC Slid!: One-third cash ' :i;id (he balance payable in one vear lsv.ni the dale of sale; the credit por- ' lion to be secured by the bond of the i purchaser and mortgage of the premises sold and to bear interest at the > rate of eight per centum per annum, with leave to the purchaser to anticipate the payment of the credit por lion cither in whole or in part. Pur- ., chaser to pay for propers and recording same. Pnrctiaser will also be required to insure the buildings on said property and assign policies to the trustee. Frank R. Hunter, Trustee of A. C. Jones, Bankrupt. 1 glHnPWBPItB? mmf TTnm | FOR SALE, RENT OR LEASE, fiflortn horse farm one and one-?j half miles from Silver street. Ap-1 ply to Will W. Spearman. FOR AGENTS A SUCCESS. 'THE OLD WORLD AND ITS WAYS" BY WM. JENNINGS BRYAN 586 Imperial Octavo Pages. 251 Superb Engravings from photographs ( taken by iCol. Bryan. Recounts his trip around the world and his visits to all nations. Creates! book of travel ever written. Most successful book of this general ion. 41,000 called for in 4 months.. Write ns for sample reports of lirst 100 agents employed, 'file people buy i,' eagerly. The agent's harvest. Outfit FREE?Send fifty c?n\? to j cover cost of mailing and handling Address THE THOMPSON PUBLISHING CO St. Louis, Mo. iwel- Medicine! Men ivehasbc. , The Story of with men gently and Is to bring O E X means "kiiiR," and tlie tile IlCVer combination makes Ri:xai.i. ' kinjj of H Wo have proven H . timuaiis! M ' that Ucxall Uvine- i.. ? die,-; aii.' Kinjis above *? all others. u For luoto than ? two yoais ?'i exj e?t R S travelled all over R tlia world i.i search B of extraordinary , , remedies. When2 Other laxa- ever U-. heard <il a g entirely new | ot gripe or not rest until he personally could see. H permanently the effect <?f the 1St'?f A ,-r? prescription used. tl\cr. AIC Where he found the ive reaction. remedy ijerfect he purchased the preI t'y them scription.hut it was never used as a Hex an impiOVC- all remedy until the pr<?i>ertics I.ad l?en thoroughly anal)letS. yzed l?y the chemists and physicians ,of the United Di.sk ?0, Company. 25o. j :EKS, Druggists I 'jaJLt STORE HBMUM ' II'T -11 - I IIIHaHMHH' RESOLVED. 7?.iCc>:7ZK./if? THAT A MAN 5HoULD ALWAYS have" A Good opinion of himsllf, which he gains bywhat HEKNOW5 of himself: others (jMl\ SEETHEOUT5IDE",BUT THE COM FORT HE G ET5 COM E 5 FROM WHAT 15 NEXT TOHIM. / i H \ RuSJgBili&ROlW^08 CAN ANYTHING .SERVE To MAKE YOU HAVE A &ETTER OPINION or YoUR-SELr", THAN WEARING SooD SMOOTH UNDERWEAR. TRUE, YOU CAN HIDE YOUP. UNDERWEAR TRoM EVERYBODY BUT YOURSELF, BUT DID YOU EVER THINK THAT YOU ARE MORE WITH YoUR-SEir THAN YOU ARE WITH AMY OTHER MAN, AND DON'T YOU LIKE To KEEP THE COMPANY or A WELL DRE.S.5ED MAN? WE CAN PUT YOU ON GOOD TERM.S WITH YOURSELF FOR THE FOLLOWING PRICED: .SUITES OF UNDERWEAR FOR $].00 " " " " $2.00 " " " ' " $3 .OO " " " " $5.00 UNDERWEAR FOR LITTLE boYJ? WHY YE.5. boY'J SUIT OF UNDERWEAR FOR 50C. $1.00 RESPECTFULLY, EWART-PERRY Co., COR. MAIN AND COLLEGE STS., THE UP-TO-THE-MINUTE DEALERS. Pac! Your Grin for Charleston! THE ANNUAL FALL FESTIVAL Will be Held November 18 to 23. One Fare plus 25 cents on all Railroads for Round Trip. Grand Military Prize Drills and Parade. State Companies to participate. Firemen's Parade and Horse Reel Contes's. Fourth Annual Poultry Show. (Admission Free.) FOOTBALL?Welsh Neck vs. College of Charleston. Citadel vs. College. Street Carnival, Illumination of City, Band Concerts, Free Shows, Spectacular "Fighting the Flames" Nightly on Marion Square. Great Department Store ?:OF:MOSELEY BROS. WHAT IS ECONOMY? Kconomy is a frugal and judicious use of money?that management which spends money to advantage. Economy is best exemphfed in our great bargain sales. We have just returned from the Northern markets after searching the market and securing many excellent bargains. We are now ready for the public to inspect our immense slock in our grea' department store. We have the new tilings, the nice thin. s, the ch ;n> tilings. Prints from 5c. up, White Homespun 5c. up, Cheeked Homespun 5c. up, complete line of Dry Goods and notions. Our Imperi -1 Rroadclorh, double width, aL 50c. is a great bargain. Men's vSuits #3.50 to $>i5 00, Youths' $2.50 to $10.(X), Boys' from 75c. to $6.00. New and nobby things in Hats and Caps. Prettiest line of Rugs and Art Squares we have ever had. Our experienced Northern Milliner has just returned from the North, and our immense stock of fashionable Millinery is now ready for inspection, embracing the new and up to date things. Our immense line of Furniture is now ready for inspection. Our stock of Groceries, Hardware, Crockery ware, Trunks, Valises and Wooden ware is now complete. We have added a new feature in icy*, and 25c. counters, and the bargains contained 011 thnn is creating a sensation. People wonder how we can sell goods so cheap. We mention a few specials. 18 lbs. best Granulated Sugar $1.00. Nesv drop head Domestic Sewing Machine $25.00, new Defender Machine, drop head, $17.93, guaranteed for 20 years. We have only two Organs left, and to close them out we make special offer, $42.50, elegant tones, oak and walnut. We handle the old reliable Iron Kin^; and Elmo Cooking Stove, beyond doubt the best on the market. For every five dollars you trade we give free one choice 011 our bargain counter. M;OSIDIj.I3Y J33ET.O?l., TIIKY SUM, FOR j.isss. Prosperity, S. C.