The herald and news. (Newberry S.C.) 1903-1937, October 29, 1907, Image 6
BIG MEhL COiNGHiiN
if] MiUihlii'iGi
CAPITALIZED AT TWENTY-FIVE j
MILLION DOLLARS.
Belioved That Company Will be Ablt:
to Meet Obligations and Reorganization
Will Follow.
Birmingham, Ala., Oct. 24.?An
involuntary petition in bankruptcy
was filed in the federal eonrl. this afternoon
against tho Southern Steel
company, capitalized at $25,000,000.
Tho creditors seeking the bankruptcy
order are the Birmingham Goal and
Iron company, the Sayre Minim? and
Manufacturing and the Oahaba Coal
company. The Southern Steel company
owns a big steel plant at (ladsden,
sleel rod. wiro and nail mills at
Knsley. coal mines at Alloona ami
Virginia City and ore mines I'nrouuhoat
i he 1 'irmin-.rham district as well
as coke ovens and other properties.
M<?ses Taylor of New York is president
and K. T. Schuyler of Binningham,
ireneral manager,
I'lie petition alleges that the company
committed an act of bankruptcy
in acknowledging in writing its in-J
ability to pay its dcbls. It is also
averred in the petition that the defendant
eompanx has been insolvent,
for six months. The petition asks
that it he adjudged a bankrupt and
that receivers bo appointed.
Attorneys for I lie petitioning creditor-;
have yone to lluntsvillc, where!
I niled Slates .Iinlu'c O. If. irundley1
is holding court, to secure an order
naming the receivers.
The fiIin.tr <?f tin* petition was no
surprise in the financial and imlus- i
trijil circles here. Some such action!
had been expecied for some time,
though it was rumored as late as yesterday
that the company was able to
reorganize.
Vice President. Schuyler said this
afternoon that his company ''is abundantly
solvent and if the creditors
are patient and will cooperate with
us all debts of the company will be
paid and the company put back on
its feet."
Mr. Schuyler said also that the operation
of the plants will go on uninterruptedly.
He attributed the financial
e'lnbrassment of bis company
to (he I infill money market in the Mast
and other causes.
Cause of Embarrassment.
New ^ ork. Oct. 21.- The Southern j
Sleel company, against which a petition
in bank in Hey was fi'^d today at
Birmingham, Ala., was ''long of assets
and short of cash." according to
one of the directors in lhi> city. He
said that owing to the present condition
of the money market the company
was unable to secure funds with
which to meet bills and accounts, and
tho -present action was taken to secure
-tho creditors.
Of the $2"),000,000 capital stock of
the company, $10,000,000 is preferred
and $15,000,000 common. K. T.
Schuyler and Kvans F. Jones, both of
Birmingham, are the tii^t and second
vice presidents of the company, ros]>eet
i vely.
Goosobonea Foretells Long Winter.
Philaodelphia Press.
According to the goosebono, there
is a hard winter ahead.
The earliest prediction of the present
year is made by Amos Mayer, a
fanner living in tho western end of
'the county. The front part of the lop
of tho breastbone is very dark, and
near the center it. is white for a considerable
distance. Beyond this it is
dotted, and trtien comes a long, dark
streak. The gooselmne prophet said :
"According to the breastbone, we
will have quite cold weather in the
latter part of October and for two
weeks in November. Then there will
be a warm spell, lasting for a few
days. December will be a cold month,
with an occasional snowstorm. ?Tanu-I
ary will be a month of snow, hail and
an occasional cold spell.
"The dark colors on the etui of the
breastbone indicate that February
will be a very cold month, and there
will bo several blizzards. At one
particular pjyrt of the bone it is alonost
black, which moans that we will
have lots of snow and sleet. The cold
weather will continue way into
March, and wo will have a very late
t spring." |
The goosebone was compared with
several obtained from other birds killed
within the past few weeks, and
they seem to be marked identically
the same.
10,0001
Agents wanted at once, previous
experience is not essential, territory
is going fart, writo soon if you wish
to make money faster than you ever
did before. Whit today. Address J |
F. Clark, Conway, Ark.
vvi h>:i..hs,s t?y it \t
.!.:J 01 i; .iUvt. (.pled i*
; Message?The Freak Gutucd
Much Discussion Because
There Was no Band
Playing.
New York Herald. I
The many vagaries of I lie wireless |
system of telegraphy and telephony (
whieii are now installed on the var- |
ions vessels of the navy are subject f
to constant study by the electrical ex- (
perls who are in charge of the plants. ,
They are of especial interest now be- r
canso of the. important part that wire- f
less . . (. lunioalion will pay in (he
coming visit to tho Pacific.
During the recent assembling of f
the fleet in Cape Cod Hay, one of the j
operators on the Ohio, while receiving
a message, was suddenly interrupted j
by the strain* of a march sounding
in his car pieces. Thinking it was
the bam! of the ship playing, he w.Mit '
t" the ullicer <>!' the deck and asked to !
have the baud stopped until the mes- '
sane was completed. The man who
relieved him at the receiver when he i
went to the olVcer id' the d'*ck coiK.iuued
to hear : lie music and, consequently,
when the lirsf operator relumed
and in orined the man at the
receiver that the band was not plnving
on the ship there was consternation
in the wireless otlice, for sounding
clearly in the ear pieces was ai
march played by a band.
The Connecticut, being the only j ,
ship present on which a system of j
wireless telephones iiad been install-j
ed, every one wa> at a loss to explain '
how music could be heard over the)
receivers of a wireless telegraph. It |
seems the band, which was head at ai
distance of over a mile, was on the j
Connecticut, and her wireless transmitters
were thrown in while her
hand was playing and another ship
had a wireless message interrupted
by hearing this music. The reason
of this freak of electricity is not yet
explained.
An explanation probably lies in
the fact, that the ear pieces of the ^
wireles telegraph are very sensitive
and tin' wireless telephone transmitter
of tho flag ship is very powerful, j
hence the sound waves of the music
caused suOicient static electricity to
be transmitted and received by the
aerial of tin* wireless telegraph. j
As all wireless experts know, di- .
rectors of the microphone type are
irregular in their action, and, for that
reason are more or less unsatisfactory.
While they are more sensitive
than the coherer, they cannot, general- j
ly be used to advantage. They can be
improved in their reliability of using
a number in multiple and revolving
(lie needle, which is generally a
small steel piece, by (dock work. This
causes a more 01 less musical sound
in the receiver, but the sound of all j
the instruments of a band is quite
another mailer, and if will probably *"
be some time before the real cause of 1
this phenomenon is discovered.
Another possible explanation may "
lie in tho fact that all wireless in- '
struinenls have to l>o tuned before x
messages can be received. By tuning '
is meant the adjustment, of tho closed ^
and oj>en sending and receiving circuits
to the same wave length or to
any desired wave length within their *
limits. By a wave length is meant s
the length of the curve of the atmos- 1
phere which is disturbed when the ^
static, electricity is discharged from 11
the aerial wires. This wave is of different
length according to the in- n
st.rument used, and, as it is known ('
that, sound travels in waves, there '
anay have been some synchronization
between the length of the waves of I
the music made by the band and the a
tuning of the receiving instruments 11
on the ship where this occurred.
. o
NOTICE OF SALE OF PERSONAL i(
PROPERTY. (1
As I have sold my farm land and t
intend to quit farming, 1 will soli to v
the highest bidder for cash on the v
f)th day of November, 1907, at my j
late residence tho following personal c
property to wit:
head of good mules.
2 buggies.
i v
1 carriage.
head of cattle. '
3 hogs.
0 n
J wagons.
1 set of blacksmith tools. j
1 set of capenter tools.
All of my farming implements,
1500 bushels of corn.
2000 lbs. fodder. J
Ivot of household and kitchen furniture.
Jj
J. A. Baker, (
fO\lks Ferry Road, 5 miles bolow ?
Prosperity. .
2taw-td.
Some men keep their religion lock- r
ed in a safe deposit vault six days of <
tho week, <
/
J 'tf. u % V/AS'7 f\ PftO'DUcr;.'; i V/-L-!
J/ >.i>Tj.tj.
Wire Utilization of Whole Troo Will
f orestall Shortage in Southern
Yellow Pine.
"In fifteen or twenty years, at the
I>resent rale of cutting:, Hie supply, of
the longlcaf yellow pine of the south,
me of America's most useful forest
r.'cs will bo nearly exhausted," say
lie exports of the United Slates Forest
Service. If these pine forests are
viped out one of the south's importmi
industries will die?the producion
of the so-called naval stores.
The lumber of the Southern yellow
>ine brings $15 to $35 per thousand
'ect, its turpentine 50 cents per galon.
its rosin from $4.35 to $fi.05 per
!S0 pounds, and its pitch $3.25 per
!S() pounds. All of those prices are i
rradunlly becoming higher and higher
?n accounl of the increased demand
i"d the scarcity of the products. Fornei
1 \, turpentine could be purchased
or 30 cents ;i gallon. Now f>0 cents |
misf be paid at wholesale. and tho I'
onsumer of gallon lots will pay at!
imes as high as $1.00.
In tile I ace of I hc<e last incrcas- '
mr prices, po.ple are still found
vli?> say that there is yet an inex- I
must :ble supply ol yellow pine in '
he south, and t!inI all (alk about a '
amine is unwarranted. Such stalencnts
are not justified by conditions;
tnd the yellow pine lumbering iudus-'
ry will soon be in the face of a ser-!
"us shortage unless decided change* j
?re made in the present in.*1 hods, j
ind nub's-, valuable products now go-'
ng lo wasle are utilized. The longcal
pim- is a slow-growing tree and
""I nialsi timber with an\where
tear the rapidity that it is hciiij cut. !
I'lie sil nation calls for making tlie
'ery best use ol' (he present supply.
I here are at. present in the woods
f the south vast ipiant.ities ol' pine
ogs and (all slumps left as a result
>f care I evs lumbering in (he past.
1 his material is rich in turpentine
Hid Could be made to yield from ten
o fifteen gallons of refined spirits
>er cord. Resides this, there is a
rrcaf waste at the sawmills in the
!onn of slabs, edgings, and sawdust,
ill of which must have a value, foul
it pri'sent is, for the most part, simdv
burned to get it out of the way.
n fact, not more than 00 per cent of
he tree as i(. stands in tin; forest
onies lo the market in the form of
'.iluable materials.
In the year 1000 the reported cut ;
>f southern yellow pine was some 12
illion board feet. A conservative es-j
imale of (he actual amount of turpentine
alone, to say nothing of wood j
iber and other materials, which,
'ould he produced from the wastevoo<l
of (his one year, would place
he amount, at not less than 30 milion
gallons. This is a surprising firure,
when it, is remembered Xliat it
epresenls an amount almost equal to
lie present annual production of
rum spirits in this country. If this j
u-oduct were extracted from the
vood and sold at even the current
,rice of good wod turpentine, the
;ross saving would bo easilv $14 400 00.
Men have realized for some tima
hat an onormous waste of valuable
ubalances i.s going on, and a few
ave succeeded i?i extracting the tur11,11
tine and placing on the market a
iiaterial of a fairly good quality. In
he majority ol cases, however, the
rticlo has been of an inferior grade,
Ine generally to (he fact that the' :
echnical methods used have been
aiiltv. As a result of this, wood tur- 1
online is at present often considered
s an adulterated material, or at best
* a poor substitute for gum spirits.
' is true that in some cases these 1
pinions are well founded, hut infer 1
m products have put an unnecessary '
aniper on the whole industry.
Ihe Section ol Wood Chemistry of
he Forest Service has lately been ine*4igaling
this subject, and some
alliable results have been obtained.
t has been found that, for the recovr>
turpentine from wastowood>
he steam distillation process is far
uperior lo that of distilling the
rood destructively. The crude tur>entine
is in all eases more uniform,
ind tho final refined materials are
a rub of belter grade and can de?.'?"d
a higher price. When propcry
made and refine,I, experiments
inve shown (hat the steam turpenines
are in many eases even more
mi form in composition (ban the o-uni
nrpenlines, and for all practical purposes
contain the identical substances.
I he odor often can not be distinguish'd
from that of the gum spirits, but
sven if it could, this is a small matter in
many eases, as infinitesimal
md undetectable amounts of certain
mpurities left in the refined product
is the result of the methods of prolnetuty
can produce this slight diferenco
in odor, and tho wood turpon
FOR 1 HE BES'i i
CUE ST
and all kinds of
FRUITS
Phone 247 and have everything
delivered promptly to your
residence.
We are now located on Main
street, also at the old
post office.
Tljeo. Lambru
Prompt Delivery.
Mr. I). N. Walker, editor of that spicy
lou mat, the Kntcrprise, J.ouisa, Va.,
jays: "I ran a nail in my foot last week
iind at once applied Buck Ion's Arnica (
salve. No inllanialion followed; the
salve simply healed the wound " Ileals
sores, burns and skin diseases. GuaranSeed
at \V. 1C Pelliaiti K: Son, Druggists. '
ncnaamnujMMnmiEio MI MCTPtrjumvu. wwpA'.TawtuvnrvmM j
line should not he condemned for
practical purposes on this account.
This becomes still more evident when
it is known that the sweet odor of
the n'ltm turpentine is not characterislic
of itself, hut is due to an impurity
produced by the chemical action
dI' air upon it.
These are important discoveries
and arc well worthy of' considera- i
ti"ii. II' ihey are true, then refined
steam turpentine, properly prepared,
should briny- at least an equal price
in this country with the gum turpentine.^
Indeed, abroad, this is often
Hie case, and instances are on record
where the refined .steam turpentine
has, by virtue of its more uniform
composition, brought five cents a
gallon more than the gum spirits, and
is in much greater demand. Further
investigations along these lines will
be pushed rigorously by the Forest
Service.
Fair Week Excursions.
Col R. W. Hunt, division passenger
agent of the Southern railway, announces
that the Southern will run
two special trains on Wednesday and
1 hn:>day ><f fair week to accommodate
the visitors. One of these, trains
will be run from Spartanburg on
both days, tho other from Bclton. Tn
addition to these special trains the
Southern has arranged to put extra
equipment on every train coming into
Columbia next week, as many as
six extra coaches being ordered for
certain trains.
Col. Hunt says that, he confidently
expects to handle a third more visitors
this year than last. Everywhere
the people are talking the fair and
are planning to take in the great annual
fall gathering of the state. The
other rofids entering Columbia are
likewise making extraordinary efforts
to Lake care of tho passengers
for Columbia.
Returning this train will loave Columbia
oaeh day at 7 o'clock p. m., arriving
at Spartanburg at 10:45.
Leave
Bel ton 6:30 a. m.
Honea Path 0:48 a. m.
Donalds ... ? 7:03 a. m.
Shoals Junction 7:11 a. m.
ITodges ,7:25 a. m.
f! recti wood 7:50 a. m.
New Market 7:55 a. m.
Ninety-Six 8:12 a. m.
Dyson 8:28 a. m.
Hhappell 8:42 a. in.
Did Town 8:58 a. m.
Silver Street . . ..' 0:15 a. m.
Helena 0:112 a. m.
Newberry 9:40 a. m.
Prosperity 0:57 a. m.
Pomaria 10:15 a. m.
Peaks 10:30 a. tn.
Alston 10:35 a. m.
Arriver Columbia 11:25 a. m.
Returning this train will leave Columbia
at 0:40 p. m., arriving at Helton
at 11:40.
Those trains are for the special accommodation
of the visitors who do
not care to spend the night in Columbia,
but who want to come down for
one or more days, spend the day and
return home at night.
REGISTRATION NOTICE.
Notice is hereby given that the
books of registration for the Town of
Newberry, S. C., are now open, and
the undersigned as Supervisor of
Registration for the said town will
keep said books open every day from
0 a. m., until 5 p. m., (Sunday excepted)
including the 1st day of December,
1907.
Eng. S. Wcrts,
Supervisor of Registration.
I
Y._. _
* $ J % ;-!
1 JHb i!
LOW RATES
Account Annual State Fair,
way will sell special low round
inclusive, and for morning tral
limit to Nov. 4th. Extra coac
Rates as named below include o
Laurens $3.00
Clinton 2.75
Goldville 2.57
Kinards 2.47
Newberry 2.04
Special feature wiil be Foot
and Welsh Neck, Wednesday,
A. & M. of N. C. Thursday, Oc
Track Meet, Friday, Novembe
Circus Saturday, November 2i
?^9naiatfssBsagtasnmss3SiB^^
I CAL3
I ' AT
I HERALD
i
jg F
I Box Paper,
I Tablets, Pe
IPens am
Soap;
Fir
In fact anything yoi
CIGARS ANI
Don't forget to ca
They are also agent*
Laundry,
NOW IS THE '
?: T
Jamestown
It is complete in ev<
War Path-Air Si"
Will interest and instruct you.
beautifully illustrated folder co:
list of hotels, etc., write
W. J, CRAIG, P. T. M.f
Wilmington, N. C.
ATLANTIC
The Short Thr
VERY LO
. . . 1
NORFOLK /
Account Jamestown T(
. . . v
SOUTHERF*
Season, Sixty Day and Fi
daily, commencing April 1
vember 30th, 1907.
Very low rates will also b<
BRASS BANDS in unifoi
STOP OVERS will be all
and Fifteen Day Ticicets,
1st Tickets.
For full and complete i
Agents Southern Railway,
%
* '
j
sC" ?c /% i k y
a t'f -1 *?& i "*
.<A A? i -W'i ft.
VIA C. N, & L. ^
Columbia, the C. N. & L. Rail- 1
. trip tickets October 26th to 31 st ]
ns November 1st, with return
hes will be provided for all trains,
ine admission to the Fair Grounds.
Prosperity $1.83
Lit. Mountain 1.64
Chapin 1.48 ^
Irmo 1.25 ^
Ball games between the Citadel j
October 30th, and Clemson vs. 1
:tober 31 st. Intra-State College
r 1st, and Wallace Hagenback
id.
rzemiKS
I ON 1
& NEWS I
'OR I
hcils, ij
d ink, ||fl
3, , 1
le Extracts,
&c., &c.
4 need alcngthat line.
LSO
} TOBACCO.
II on them.
3 for Columbia Steam
TIME TO VISIT
HE
i Exposition. *
3rv department. The jj|
iip-Naval Display
Do not fail to go at once. For
itaining maps, descriptive matter,
T. .J WHITE,
Gen. Pass. Agt.
COAST LINE
ough Car Line. ^
W RATES
r?...
VND RETURN j
ir-Centennial Exposition
IA . . .
i RAILWAY
fteen Day Tickets on sale
9th, to and including (Jo3
made for MILITARY and
*m attending the Exposition.
owed on Season, Sixty Day
same as on Summer Tour- j
Information call on Ticket
, or write
R. W- Hunt
Dlvlslon;.Pass. Agent.
Charleston, S C t
\