The herald and news. (Newberry S.C.) 1903-1937, October 29, 1907, Image 7
BIG bim GONGHfiN
Ifi bAiiuiiui i Gi
CAPITALIZED AT TWENTY-FIVE,
MILLION DOIjlLARS.
Bolioved That Company Will be Able >
to Meet Obligations and Reorganization
Will Follow. s
v
Birmingham, Ala., Oct. 24.?An ii
involuntary petition in bankruptcy
was filed in I lie federal court, this af- p
ternoon against tho Southern Steed 'I
company, capitalized at $25,000,000. <
Tho creditors seeking the bankruptcy i(
order arc the Birmingham Ooal and
Iron company, the Say re Mining and
Manufacturing and the Cahaba Coal (|
company. The Si>utliern Steel com- 0
pany owl is a hi?,' steel plant, at (Jads- '
den. steel rod. wire and nail mills at |,
Mil-lev. coal mines ;il A 11 >< >n;i and
Virginia City and ore mines through- j|
'?;it the Uirmiir.rham district ;is well |(
ris coke ovens and other properties. |,
Moses Taylor of New York is pivs- sj
id.Mil and M. T. Schuyler of Fdrming- r?
ham. general manager, w
The petition alleges that the com- u
pany committed an act of bankruptcy <|
in acknowledging in writing its in-i i1
ability to pay its dehls. It is also i'<
averred in (lie petition thai the de-j ii
f<Midaiil <-ompan\ lias been insolvent Ii
for six months. The petition asks ii
that it he adjudged a bankrupt and n
trial receivers he appointed.
A 11 or ii evs for I lie petitioning ere- si
1 iIor< have gone to Iluntsville, where w
I'nited Stales .liidire O. K. Hundley < <
is holding conrt. In secure an order ! b
naming the receivers. ! ,
The fiIiinr nf the petition was no si
surprise in the financial and indus- i ,|
trijil circles here. Some such action I l
had been expecicd for some time, n
though it was rumored as late as yes- b
tenlay that the company was able to h
reorganize. h
Vice President Schuyler said this <>
afternoon that his company "is ah- o
umlautly solvent and if the creditors
are patient and will cooperate with |]
us all debts of the company will be u
paid and the company put back on
its feet."
Mr. Schuyler said also that, the oporation
of the plants will go on uninterruptedly.
He attributed the fin- j
ftiicial e'mbrassment of his company ,x
to the tight money market in the Fast
and other causes.
ii
Cause of Embarrassment. (
New York. Oct. 21. -The Southern i ,
.1 . '1
Steel company, against which a peti- i|
lion in bankruptcy was fib'd today at j
Birmingham. Ala., was "'long of as- "
sets and short of cash." according to
one of the directors in this city. He
said ilia I owing to the present coudi- s
tion of the money market the com- (,
pany was unable to secure funds with
which to meet bills and accounts, and ^
the -present action was taken to se- a
cure the creditors.
Of the $2f>.000,000 capital stock of j|
the company, $10,000,000 is preferred
and $15,000,000 common. K. T. jj
Schnvler and Fvans F. .Tones, both of
\ s
Birmingham, are the tiiv?t and second n
vice presidents of the company, res
]>oct i vely.
c\
OooRobonos Forotolls Long Winter. n
Philaodelphia Press. ,
According to the goosebone, there ,|
is a hard winter ahead.
The earliest prediction of the pros- ,.
ent war is made bv Amos Maver, a ..
' t t
farmer living in the western end of o
1-lie county. The front part of the top (
of the breastbone is very dark, and ^
near the center it is white for a considerablc
distance. Beyond this it is .
dotted, and lihon conn's a long, dark j j
streak. Tho gooselmne prophet said: .
"According to the breast bono, we
. . o
will have quite cold woatber in the
latter part of October and for two
weeks in November. Then there will
be a warm spoil, lasting for a few
days. December will be a cold month,
with an occasional snowstorm. Janu- j 11
ary will be a month of snow, hail and ^
an occasional cold spell. ?
"The dark colors on the end of the
breastbone indicate that February I'
will be a very cold month, and there
will bo several blizzards. At one
particular pajrt of the bone it is alauost
black, which means that we will
have lots of snow and sleet. The cold
weather will continue way into
March, and we will have a very late
0 spring." j
The goosebone was compared with i
several obtained from other birds killed
within the past few weeks, and
they seem to be marked identically
the same. n
10,0001
Agents wanted at once, previous 1
experience is not essential, territory is
going fast, write soon if you wish
to make money faster than you evor
did before. Whit today. Address J |e
P. Clark, Couvray, Ark. ti
I
V
/. -V *
VTK.Vl.WS.S WHY PS Vf
jvi.. !.:I 01 A J?i.U Ul .fIKc i
Message-?1' ho Freak Caused.
Much Discussion Because
There Was 110 Band
Playing.
Jew York Herald.
The many vagaries of the wireless
ystein of telegraphy and telephony
rhieh arc now installed on the var>us
vessels of the navy are subject
i> constant study by the electrical exerts
who arc in charge of the plants,
'hey are of especial interest now bcauso
of the important part that wirejss
1 . tunica! ion will pay in the
inning visit to tho Pacific.
During the recent assembling of
10 fleet in Oape Cod Bay, one of the
Iterators on the Ohio, while receiving
message, was suddenly interrupted <
y the strains of a march sounding ,
1 his car pieces. Thinking il was (
k> band of the ship playing, he went
the ollicer of the ileck and asked to
ave (lie band slopped until Die niesiire
was completed. The man who
Moved him at the receiver when he j
cut to tho ollicer of the d<'ck confined
to hear the music ami. conseuenll
v. when I In* first opeiator re-1
urncd and informed the man at the
cccivcr that the band was not play11;
on the ship there was consterna011
in the wireless office, for soundig
clearly in the ear pieces was a
larch played by a band.
The Connecticut being the only |
liip present on which a system of!
ireless telephones had been install- I
11, everv one was at a loss to explain !
' |
ow music could be heard over the
I'ceivers of a wireless telegraph. It j
[ ems the band, which was head at a]
islam over a mile, was on the {
'onnecticut, ami her wireless trans-I
litters were thrown in while her j
and was playing and another ship
ad a wireless message interrupted |
v hearing this music. The roason
f this freak of electricity is not yet I
xplained.
A11 explanation probably lies in
lio fact that the ear pieces of the
ireles telegraph are very sensitive
nd the wireless telephone transmitjr
of tho flair ship is very ]>oworful,
eneo th*? sound waves of the music
11 used sufficient static electricity to
c transmitted and received by the
orial of tho wireless telegraph.
As all wireless exports know, di M'lors
of (he microphone type arc
regular in their action, and, for that
cason are more or less unsatisfacirv.
While they are more sensitive
lan the coherer, 'they cannot, goneral,
he used to advantage. They can be
nproved in their reliability of us1
lt a number 111 multiple and revolvig
the needle, which is generally a
mall steel piece, by clock work. This
nuscs a more or less musical sound
1 the receiver, but the sound of all
lie instruments of a band is quite
not her mailer, and if will probably
e some time before tho real cause of
his phenomenon is discovered.
Another possible explanation may
e in tho fact that all wireless inIruments
have to be tuned before
icssages can be received. By tuning
; meant tho adjustment of tho closed
and ??|>eu sending and receiving cirnits
to the same wave length or to
nv desired wave length within their
mils. By a wave length is meant
10 length of the curve of the atmosliero
which is disturbed when the
tatic. electricity is discharged from
:ie aerial wires. This wave is of difiM'ent
length according to the intrument
used, and, as it is known
hat sound travels in waves, there
lav have been some synchronization
etween the length of the waves of
10 music made by the band and the
lining of the receiving instruments
n the ship where this occurred.
[OTIOE OF SALE OF PERSONAL
PROPERTY.
As I have sold my farm land and
itend to quit farming, I will sell to
lie highest bidder for cash on the
th day of November, 1907, at my
ite residence the following personal
ropertv to wit:
f> head of good mules.
2 buggies.
1 carriage.
IJ head of cattle.
3 hogs.
'2 wagons.
I set of blacksmith tools.
1 set of caponier tools.
All of my farming implements.
;M0 bushels of corn.
2000 lbs. fodder.
l/ot of household and kitchen furit
lire.
J. A. Baker,
fC3alks Ferry Road, 5 miles bolow
'rosperity.
taw-td.
Some men keep their religion lockd
in a safe deposit vault six days of
ho week.
1 '
1. .
Titfrfi/s Vv AS . ' VAL- 11
V/ViiLE. J
Wi?:o Civilization. of Whole Troo Will
Forestall Shorlago in Southern ;
Yellow Pino.
"Tn fifteen or twenty years, at the
present rale of cutting, tlic supply, of
the longleaf yellow pine of the south,
olio of America's most useful forest
trees will he nearly exhausted," say
the experts of tiie I'nited States Forest
Service. If these pine forests arc *"
wiped out one of the south's import- ^
nut industries will die?the production
of the so-called naval stores.
The lumber of the Southern yellow ^
pine brings $15 to $35 per thousand
feet, its turpentine 50 cents per gallon,
its rosin from $-1.35 to $(>.05 per
280 pounds, atid its pilch $3.25 per
L'SO pounds. All of these prices are m
irradually becoming higher and higher
[>n account of the increased demand
:uiil the scarcity of the products. Formerly,
turpentine could be purchased
for 30 cents n gallon. Now f>0 cents j
must lie paid at wholesale, and the j
consumer of gallon lots will pay at
limes as high as $1.00. ! j;
I ti I lie face of these fast increas- "
ing prices, pi topic are still found s.
who say that there is yet au inex- s<
haustible supply of yellow pine in "
the south. and that all talk about a ""
famine is unwarranted. Such state- '
menls are n<>! jr.-titled by conditions j I1
and the yellow pine lumbering indus- j *
try will soon be in the. face of a ser-! "
imis shortage unless decided changes j J
are made in the present methods, j^and
miles- valuable products now go-!'
ing to waste are utili/.ed. The long-j ?
leaf pine is :s slow-growing tree and
doej nut makt timber with an\ where { n
near the rapidity that il is beinj cut. '
The situation calls for making the s
very best use of the present supply. s
There are at present in Hi" woods 1
of the south vast quantities of pine '
logs and tall stumps left as a result '
of careless lumbering in the past. v
This material is rich in turpentine ''
and could lie made to yield from ten ("
to fifteen gallons of refined spirits 7
per cord. Resides this, there is n j:
great waste at the sawmills in the 1
form of slabs, edgings, and sawdust, ''
all of which must, have a value, bui
at present is, for the most part, simply
burned to get. it out of the way.
Tn fact, not more than 00 per cent of
e tree as it stands in the forest, :l
( omes to the market in the form of 11
valuable materials.
In the year 1000 the reported cut ; '
of southern yellow pine was some 12
billion board feet. A conservative es-j v
timato of the actual amount of tur-1 ^
pentine alone, to say nothing of wood J1
liber and other materials, which '
could be produced from the wastewood
of this one year, would place '
the amount at not less than 30 mil- s
lion gallons. This is a surprising fi- 0
gure, when it is remembered ,J,hat. it
represents an amount almost ecpial to c
the present annual production of '
gum spirits in this country. If this 1 l'
product were extracted from the :i
wood and sold at even the current "
price of good wod turpentine, the '
gross saving would be easily $14,400,000.
[
Men have realized for some time '
that an enormous waste of valuablo
substances is going on, and a few '
have succeeded in extracting the tur- !
pentine and placing 011 the market a '
material of a fairly good quality. In '
the majority of cases, however, the '
article has been of an inferior grade, ^
due generally to the fact that the
technical methods used have been ^
faulty. As a result of this, wood tur- ^
pentine is at present often considered ^
as an adulterated material, or at best ^
as a poor substitute for gum spirits. '
ft is true that in some cases these ^
opinions are well founded, but infer *
ior products have put an unnecessary
damper on the whole industry.
The Section of Wood Chemistry of *
the forest. Service has lately been in- '
vestigating this subject, and some I
valuable results have been obtained. 1
It has been found that for the rccov- J'
cry of turpentine from wastewood> J'
the steam distillation process is far
superior to that of distilling the '
wood destructively. The crude tur- '
pentine is in all cases more uniform,
and the final refined materials arc ?
as a nil3 of belter grade and can de- '
maud a higher price. When proper- '
ly made and refined, experiments (1
have shown that the steam turpen- 1
tines are in many cases even more
uniform in composition than the gum
turpentines, and for all practical purposes
contain the identical substances. I
The odor often can not be distinguish- ^
ed from that of the gum spirits, but t
even if it could, this is a small mat- 1
tor in many cases, as infinitesimal 1
and undetectable amounts of certain J
impurities left in the refined product <
as the result of the methods of pro- <
ductii^ can produce this slight difference
in odor, and tho wood turpon'
. . ' n' " '
l\ . / . , . . ? Jj"J * ?>*
FOB 1 HE BEST !
I
p r 3 r k v
Is t L t K I
and all kinds of
FRUITS i
3hone 247 and have everyhing
delivered promptly to your
residence.
Ve are now located on Main
street, also at the old
post office.
rtieo. Lombry:
Prompt Delivery.
Mr. I). N. Walker, editor of thai spicy
jurmd, the Kuterprise, I.ouisa, Va., i
ivs: "I ran a nail in my foot last week \
mi at once applied Buck leu's Arnica jj
live. N'o inllaination tVdowed; the ?
live simply healed the wound " Heals [
r?res, hums and skin diseases. Gnaran- !
eed at W. H I'elhani K: Son, Druggists. ?
mi' should not he condemned for !
!*;?< ( it*iil purposes on I his account. !
'his becomes still more evident when j)
is known that the sweet odor of ?
In* n'uin turpentine is not character- |
<tic of itself, hut is due to an inipur- ]
y produced hv the chemical action j
f air upon it. !
These nr.1 important discoveries j
nd arc well worthy of cousidera- |
i<?n. If they are true, then refined
team turpentine, properly prepared,
iiould bring at least an equal price
n this country with the gum turpenine.
0 Indeed, abroad, this is often
lie case, and instances arc on record
f lie re the refined .steam turpentine
as, by virtue of its more uniform
omposition, brought live cents a
allon more than the gum spirits, and
; in much greater demand. Further
n vest ig*i I ions along these lines wiR
v. pushed rigorously by the Forest
Service.
Fair Week Excursions.
Col H. W. TTunt, division passenger
gent of the Southern railway, anlounccs
that the Southern will run
wo special trains on Wednesday and
"Itur-day ><f fair week to acc.unnm- !
ate the visitors. One of these trains
iill be run from Spartanburg on
>oth days, the other from Belton. In
ddition to these special trains the
unit hern has arranged lo put extra
quipment on every train coming in0
Columbia next week, ns many as
ix extra coaches being ordered for
ertain trains.
Col. Hunt says that, lie confidently
xpeets to handle a third more visiors
this year than last. Everywhere
ho people are talking the fair and
re planning to take in the great an- '
inal fall gathering of the state. The ,
>ther rofids entering Columbia arc
ikewiso making extraordinary ef- 1
01 is to Lake care of tho passengers
or Columbia.
Hoturiiing this train will loave Coumbia
oaeh day at 7 o'clock p. m., ar
iv.ng at Spartanburg at 10:45.
joave
iellon 6:30 a. m.
Tonea Path 0:48 a. m.
>onalds ... t 7:03 a. m.
Uioals Junction 7:11 a. m. i
lodges 7:25 a. m.
i reen wood 7:50 a. m.
few Market 7:55 a. m.
Jniely-Si* ,S:T2 a. m.
>yson 8:28 a. m.
'happcll 8:42 a. m.
>ld Town 8:58 a. m.
iilver Street .. .. 0:15 a. in.
Tolcna 0:32 a. m.
fewberry 0:40 a. m.
'rosperity 0:57 a. m.
'oinaria 10:15 a. m.
Vaks 10:30 a. m.
Uston 10:35 a. m.
Vrriver Columbia 11:25 a. m.
Heturning this train will leave Coumbia
at 0:40 p. m., arriving at Bclon
at 11 :40.
Those trains are for the special aeo'mmodation
of the visitors who do
lot care to spend the night in Colum>in,
but who want to come down for
me or more days, spend the day and
cturn home at night.
REGISTRATION NOTICE.
Notice is hereby given that, tho
looks of registration for the Town of
dewberry, S. C., are now open, and
lie undersigned as Supervisor of
Registration for the said town will
ceop said books open every day from
) a. m., until 5 p. m., (Sunday exjopted)
including the 1st day of Dejember,
1907.
Eng. S. Worts,
Supervisor of Registration.
I ,' : ?
/
I vXfitl r! ''A fa !*. tH*. v.IiSCi
_ Y
1 $ / % ; ! a
^ ?";l & x\?
LOW RATES V
Account Annual State Fair, C
way will sell special low round tr
inclusive, and for morning trains
limit to Nov. 4th. Extra coache
Rates as named below include one
Laurens $3.00
Clinton 2.75
Goldville 2.57
Klnards 2.47
Newberry 2.04
Special feature will be Foot B
ind Welsh Neck, Wednesday, 0
& M. of N. C. Thursday, Octc
rrack Meet, Friday, November
Uircus Saturday, November 2nd,
KT7NQF VTWVZJr M SCXtOl YYUJL"XTlKr?7*.T WV-i CIS :r.*TTVBT C/nanii
s ssc: rrrsa*;
| ?^U"
| ' ' ^' ATT
| HERALD
d fo:
| Box Paper,
I Tablets, Peh
Pens and
Soaps,
I fr'n(
I In fact anything you r
I ALS
CIGARS AND
Don't forget to call
I They are also agents 1
I Laundry.
^8fe#asB8HSSi6?SeHate3^ifi89 T5SM9&J3IS HHB9
NOW IS THE T
?: TH
Jamestown
It is complete in ever1
War Path-Air Shi
Will interest and instruct you. ]
beautifully illustrated folder conts
list of hotels, etc., write
W. J. CRAIG, P. T. M.,
Wilmington, N. C.
ATLANTIC C
The Short Thro
VERY LO\
. . . T(
NORFOLK A
Account Jamestown Ter.
. . Vh
SOUTHERN
Season, Sixty Day and Fifte
daily, commencing April 19
vember 30th, 1907.
Very low rates will also be
BRASS BANDS In uniform
STOP OVERS will be allo\
and Fifteen Day Ticicets, sa
1st Tickets.
For full and complete in1
Agents Southern Railway, c
R,
%
,
? I
'i 3 11
,>?i /. Lv. JA ak il.
)
IA U. N, Sl L.
olumbia, the C. N. & L. Railip
tickets October 26th to 3 I st v
November 1st, with return
s will be provided for all trains. I
s admission to the Fair Grounds.
Prosperity $ 1.83
Lit. Mountain 1.64
Chapin 1.48
Irmo 1.25
all games between the Citadel
ctober 30th, and Clemson vs.
>ber31st. Intra-State College J
1st, and Wallace Hagenback T
KSCKS BflKSWSttHBBnSUBSKBOKiBMBm^
ON J ^
$k 111 f pi
HE B 1 1
& NEWS
3 Extracts,
&c., &c.
need along that line.
0
1 TOBACCO.
on them.
or Columbia Steam
IME TO VISIT ^
E :?
Exposition? J
v department. The
p-Naval Display |
Do not fail to go at once. For I
lining maps, descriptive matter,
T. .J WHITE,
Gen. Pass. Agt.
:OAST LINE j
ugh Car Line. 'w
V RATES
ND RETURN |
Centennial Exposition I
RAILWAY
ien Day Tickets on sale
th, to and including (sJomade
for MILITARY and m
i attending the Exposition. '|i
ved on Season, Sixty Day $1
me as on Summer Tour- M
formation call on Ticket i I
>r write ^
. W. Hunt
Dlvlslon;,Pass. Agent.
Charleston, S C r||
. . . vV'. V j,/v',