Historical Newspapers of South Carolina

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MO ESITUATION. Runs on Banks and Trust 'Companies Are Over-Gold Coning to New York. New Orlea,i. Nov. J.-Secretary of he Treasury Cortelyou .wired toda%* at the treasury departmenet can not ransfer money from London to New Orleans as suggested by cotton ex porters here. The plan was to have cash deposited with fiscal agents abroad and immediately upon such de posit to draw cash at the subtreasury here. Situation Clearing. New York, Nov. 1.-The fina.icial uation was gradually clearing to ay without showing any striking fea +ures. Runs on the banks and trust ompanies are practically over, money ich was temporarily withdrawn om banks subject to runs is flowing to the stronger banks and currency s going in most cases where the de .and is considered legitimate. Fur her engagements of gold by Boston nd other points have brought up the otal engagements abroad under the ent movement to $26,550,000. The Lusitania, which sailed from Liver pool today, has on -board about $10, 00,000 in gold, one of the largest sin e shipments ever made. Prices on stock exchange were firm during 'early part of the dlay and did not d seriously at any time. The fact at the stock exchanges of London and Parise were closed on account of All Saint's day prevented any com prison of quotations or arbitrage operations. Balances at the clearing house have settled down to a normal condi ton but there is still something of a 4ade in domestic exchange ough the unwillingness of New banks to pay currency on drafts other cities and the unwilling of other cities to pay out their rency u,pon drafts from New York. e condition of affairs indicates a ontinued pressure for currency rath er than a breakdown of credits, but reasonable demands are being met for regular customers of the banks. The possibility of hastening the export movemeitt of wheat and cotton still engages the attention of foreign ex change dealers and also of those who endeavor to keep in touch with fhe, *neral situation. Doubt is express ci'vhether the seeretary of the treas un 1 will be abfle to carry out on a'considerable scale the project of .the New Orleans exporters for accept ing cash at government fiscal agen cies abroad and the -transferring it by telegraph to points in this coun try. But Secretary Cortelyou is n derstood to be willing for sueh depos its of public money at cotton export ~-points as will to a considerable te't relieve the strain.I TOK CROP DETERIO&ATBS. York Journal of Commerce Fig es Indicate that the Crop is 65 Per Cent Picked, as Corn pared with 56 Per Cent Last Year. h ew York, October -81.--The Jour aof Commerce will tomorrow pub 'sh. its monthly cotton crop report ompiled from reports of 1,400 cor pondents of average date of Oc e1424.' hereport will s'lfw that cotton rated 4.1 points during the of October. recent' Galveston storm was I ,and apparently unimporta.nt as he cotton crop. his deeline makes the. condition of unpieked crop 62.4, as com.pared] th a condtion of 64.4 in 1906, rwhen i erioration was 7.5 points. The de e in 1903 was 4.3 points, and in was 6 points, but in 1904 it im d1.6 .points. on is 65 per cent piciked, com with 56 per cent last year, 69 ent in 1905, 76 per cent in 1904, 7 per cent in 1903. larg'est decline occurred ' in sand Louisiana, where the con n fell 5.9 points and 6.2 points ectively, due largely to t'he boll il and somewhat to rains. The an Territory and Oklahoma are only sections showing improve t, rising 1 4.4 points re tively. ost caused deterioration in near 1 other states, insect damage be nsignifican t, except in Texas, ana and ,Arkansas, where the eevil took practically nearly all op crop. The reports from all states give no hope of a late ,frosts having put an end to] er maturity. e crop is generally being mark-1 as fast as ginned, bu.t up to the of these reports there was a1 stronger tendency to hold for prices than in former years.3 LPickin.- w\as unvin-terrupted1, With.e :lt ihat altlfil'tuh Ile season start d so late, the pereentage gathered xeeeded last year's f01ures by near [y 10 per cent. North (larolina shows a decline of Soints during October, i:I condition. ouhil Car;liia ju : l. w tvwer. at 76.9. Cr.ia 2.5 lower. : 77. Flodida 10.2 lo,mer. at 66.5. Alabana 5 .points lower. at 70.2. Missisippi 3.6 lower. at 69.3. Louisiana 6.2 lower, at 67.7. Texas 5.9 lower. at 53.6. Arkansas 3.3 lower. at 66.3. Tennessee 3.(i lower. at 71.4. Missouri 3.2 lower. at Z0.0. The Indian Territorv imiproved one t oinit to 68.3, and Oklahoma 4.4. to 37.0. The precentage pieked on Oettber 24th. by states. is as follows: North Carolina 62: South Carolina 71; leor ,ia 65; Florida 6S; Alabama 61: _Iis issippi 60; Lousiana 60; Texas 77; Xrkansas 64: Tennessee 4S: A-issouri W; Indian Territory 47; (7k,laloia 13, making the average (i5. GOLD FOUND IN GREENVILLE. Bxpert Locates Seven Rich Veins on Farm Near Fountain Inn. Gr(aville. October 31.-Seven rich ;-ein,zo 0 Old ha%e been discovered >n a firm about one mile from Foun ain inn. in this county, and about )ighteen miles fro-m this -city. The innouneement was made today by Dr. 3eorge . Lee, a geological expert ind mineralogist. who spent three laYs in examiniwz the metal. The reins are thouglit to be about sixty reet deep and Liie mine will be the ichest in the sitate and probably in :he south. Zircom. monazite, kaolin ind rutine were also found on the pro )er.tv. The deposits extend over 270 acres, ill of which belong to two well known itizens of the county. A stock com any will be formed at once to mine Jhe metal. APPEAL TO GOV. GLENN. Wilmington Business Men Urge Equitable Adjustment of Rate Controversy. Wilmington, N. C.,, October 31. F~ity leading merchants, mannfac :arers and business men of this city :onight telegraphed Governor Glen, >f North Carolina, now in Atlanta, 3-a., for the purpose of considering hith the governors of two other states ailroad litiga,tion in the sout'h, the ollowing message, whieh he has been equested to read at.tblze meeting: "'Southern crops ard plentiful and ~othern commercial and industrial ~onditions never intrinsically sounder. Xitation has ruthlessly depressed alues, causing co:ngestion and inabil tto move *crops with esxpedition. Rstoration of confidence essential ~or the south to realize full values or its great products. We believe it s in the power of ;the conference to estore con'fidence in a great measure >y an equitable adjustment of t'he ate controversy. The south can save he sit.uation by wise action at this ~uneture. You are appealed to a: yatriots and statesmen who ~have leeply at heart the well being of the rhole people.'' )OL HUNT'S SIUCCESSOE NAMED '. C. Lusk, of Atlanta, to be Located In Charleston. Washington, Oe,tober 31.-The fol owing annonneements were officially nade by the Southern Railwya today: R. W. Hunt, division passenger ient, Charleston, S. C., promoted to osition of assistant general passenger igent, Atlanta. Ca. J. C. Lusk, divis on passengzer agen.t, Atlanta, Ga. :ransferred to Charleston, S. IC., to meceed Mr. Hunt. James Freeman, livision passenger agent, Jackson .ille, Fla., transferred to Atlanta, Ga., :o succeed Mr. Lusk. J. N. Harrison, estern passenger agent, Houston, rexas, transferred to .Jacksonville, Fla., to isueceed Mr. Freeman. Ap-' ointmnei:ns effective Novemiber 1st, P. H. MeG.I -KNOXVILLE GOES DRY. )ne Hundred Saloons Were Closed There Last Week. Knoxville, Tenn., Octo'ber 31. ~ore than one hundred saloons in Knoxville closed tonight as a result of ae application of the Pendleton law, >y which cities of Tennessee can eincorporate without having the sa oon. The city is quiet and whiskeys ire not being sold at any price. The eople voted on the law by special eg.sla-v nnatment ast March. THE NOTABLE EVENT OF 1907. THE SECOND ANNUAL GEORGIA- CAROLINA F A I R Th- great Two-States Exhibition at Augusta, Ga. NOVEMBER 4-9 Agricultural and Industrial-County, Club and Individua Exhibits of the resourees of Georgia and South Carolina. Over $4,000 in Premiums-Great Exhibition of the newest and most advanced Farming and Agricultural Machinery. For the first time in the South the great labor-saving Cotton Picking Machine will be in operation daily during the Fair. Magnificen?*Display of Poultry and Pet Stock-the greatest ever eyhibited in the Southland. Great Cotton Farade-$500 in Special Prizes. Splendid display of Cattle and Live Stock. Attractions and Amusements-First United States Artillery Band, the finest in the South--engaged especially for this oc casion at a cost of over $1,500. ne Running. Trotting and Pacing Races for large Purses. Over $4,000 in Purses. The , reatest Football Game of the Season-University of Georgia vs Clemson College. Special Trains. A variety of Free Amusements, including "Dare Devil Ppoherty." Free Ball.on Ascensions-Twice Daily. The Largest and Finest Midway ever brought South. Remember the Dates, Nov-mber 4 to 9. Iswov ates FProm .All Poiit. For Further Infori'nation apply to FRANK E. BEANE, Secretary, Augosta, Ga. (CONDENSED) STATEMENT -OF THE COMMERCIAL BANK OF NEWBERRY, S. C., under call of State Bank Examiner at close of. business September 17, 1907.N RESOURCES. Loans and discounts - - - $40E6,831 16 Overdrafts - - - - - '- 5,653 08 Furntiure and fixtures - - - - 3,116 93 Cash and sight exchange - - - - 42,172 86 $457,773 53 LIAlgLITIES. Captal Stock - - - - - - $ 50,000 00 Univided profits (less expenses paid) - 49,484 84 Dividends (unpaid)' - - - - - 1,030 00 Cashier's checks - - - - - - ' 103- 88 Due Banks - .- - - - - 858 38 Bills payable - - - - - - 20,000 00 Individual deposits - - - - - 336,296 43 . $457,773 53 JNO. M. KINARD, Pres. .0; B. MAYER, Vice-Pres. J. Y. McFALL. Cashier 4 Per Cent. Interest Paid in our Savings Department. CALL ON Brouddus rHt l HERALD & NEWS FOR Box Paper, Tablets, Pencils, Pens and Ink, Soaps, Fine Extracts, b &c., &c. In fact anything you need along that line. ALSO CIGARS AND TOBACCO. Don't forget to call on them.. They are also agents for Columbia Steam Lanry. Statement of the conditior Newberry, S. C., Sept. call of State Bank Exam Bills receivable.5.....219,605 64 Overdrafts.......... 5,1SO 75 Cash on haud and due from other Banks.....$ 10,193 92 $238,617 23 Watch us grow. We pay 4 per ment compounded Semi-annually. THE EXCHI J. D. DAVENPORT, GEo. B. 4 President. W. B. WALLA( The People's Prosper Paid Up Gapital - Surplus and Individua Stockholders' Liabiliti< For protection of depc H. C. MOSELEY. President. W. W. WHEELER, Cashier. Better a cionservative inter return when wanted, than a hi about the principal. A National Bank is a safe De makes it so. Likewise our Bc of prudent conservative manag DIRE( G. W. Bowers. J. A. C. Kibler. R. L. Luther. M. A. Carlisle. J. H. Hunter. J. P. We allow 4 per cent. p( Department, interest YOUR B THE NEWBERRY Capital $50,000 - No Matter How Small, The Newberry will give it careful at applies to the men and JAS. McINTOSH, President. y. The First Coug * Even though not severe, has tive membranes of the throa Coughs then come easy all w 4 slightest cold. Cure th,e first *set up an inflamation iri the d< ~lungs. The best remedy, i SYRUP. It at once gets rigi moves the cause. It is free fi *a child as for anr adult. ,25 ce * MAYES'. DE EVERY ONE DOESN Some have to dig, share But if you will partment and lay up i ings you will soon ha' your own. Open an: day and take a step ui Today's prudence 1: The Bank o4 Prosper Dr. Geo. Y. Hunter, Pres't J. F. Browne, Cashier. of The Exchange Bank of 17th, 1907, in -response to iner. Capital stock.... ...$50,000 00 Surplus........... 6,460 74 Cashier's Checks...... 269 84 DiviMends unpaid...... 87 50 Bills payable ........ . 75,000 00 Deposits...........106,799 15 $238,617 23 cent. interest in our Savings Depart INGE BANK IROMER, M. L. SPEARMAN, Attorney. Cashier. :v, Asst. Cashier. National Bank ity, S. C. - - - $25,000 00 I Profits $6,000 00 s . , $25,000 00 sitors. M. A. CARLISLE, Vice-President GEO. JOHNSrONE, Attorney. est on your deposit with its safe h rate and a feeling of doubt posit. Government supervision ard of Directors is a guarantee ement. 3TORS: W. P. Pugh. Jno. B. Fellers. W. A. Moseley. Geo. Johnstone. H. C. Moseley, Bowers. r annum in our Savings payable semi-annually. ANKING! SAVINGS- BANK. -Surplus $30,000 No Matter 'Hlow Large, Savings Bank tention. This message the women alike.. J. E. NORWOOD, Cashier. i of the Season,: L tendency to irritate the sensi t and delicate bronchial tubes. nter, every tim.e you take the cough before it has a chance to * licate capillary air tubes of theg s QUICK RELIEF COUGH t at the seat of trouble and re -om Morphine and is as safe for 0 tits at lUG STORE. 0 'T INIERIT MONEY. and dig hard, for their. utilize our Savings De portion of your earn e an "inheritance'' of Lccount in this Baik to ward. s tororrow's pleasure. ProsperitU, ity, S. C.. Dr. J. S. Wheeler, V. Pres. J. A. Counts, Asst. Cashr.