University of South Carolina Libraries
URGE CONGRESS BE CALLED. Vonservative Financiers Believe that Need is Pressing for Congres sional Action on the Money Question. Washington. November 2.-It was learned here today from undoubted sources that President Roosevelt is now being urged to call an extra ses sion of congress to d.al with the fin ancial situation. The rcquest comes from and represents the judgment of the conservative leaders in the finan cial world, who have represented the present situation as one compelli-ig action of a character which will affir mativel -dicate all ground for sus picion of American industrial meth ods. The president has .been assured from most reliable sources that there will be no opposition on the part of the great industries of the cou.itry to the enactment of the necessary laws to carry out his ideas of Federal con trol to the extent to which he has ex pounded them in his recent public ut terances. These assurances are made at this time to avert what has been represented as the most dangerous situation which has confronted the country during an extended historic period-that is, the seemingly grow ing lack of confidence based on known irregularities in business methods in some quarters, and no sure and speedy means of separating the good from the unsound. To this end it is suggested that the president set congress to the first task of making such amendments to the financial laws as will result in the maximum of flexibility with the ini mum of basic change in our system. Next, and perhaps most in import ance, is that the president embody his suggestions on corporation control in to succinct reeommendations for en acting into law. In this connection the president's attention has been di reeted to what he said at Princeton, Ma4s., August 20 last. 0I believe in a national incorpora tion law for corporations engaged in Inter-Atate basiness, I believe, fur thermore, that t.he need for action is most pressing as regards those cor porations which, because they are common carriers, exercise a quasi pub lic function; and which can be com pletely controlled, in all respects by the Federal Government, by the ex ercise of the power conferred during Pthe Inter-State commerce clause, and if necessary dnder the post road clause of the constitution.*** "The'-YNational government should exercise over them a similar super vision and control to that which i~t exerecises over npoonal banks. We can do this only ...proceeding farth er along the lines marked out by the recent national legislation. S"Almost every big business conern is engaged in Inter-State commerce, and such a concern must not be al lowed by a dexterous shifting of posi tion, as has been too often the case in the past, to escape thereby all re sponsibility either to state or to na tion.'' To meet his views the president then suggested amendments to the Shermhn anti-trust law, and the addi tion of a criminal clause to that end to the Inter-State commerce regula tions. The bene fit of having Federal legal machinery to detect and eradi cate unwholzsome bu.siness methods at this time was said to be the de sirable end to be accorpiplished. This would mean, it is pointed out, a prae tic,al wiping off of the slate and a starting afresh under business condi tions which would have and which could bear the closest public scrutiny. That the President has given the re quest for an extra session careful--con sideration is indicated by those who have been asked to lend their advice in the matter. That the informationI as to existing coniditions is not alarm ing has been the continuing assurane which has come from the Govern ment 's careful observations. With this in view the President has been told that the call for an extra sessioA of congress might have the reverse effect from that desired by those who are uir'n such action; ethat it would tend to emphasize in the public mind an apprehension of unfavorable con ditions which do not exist. F:nli::.z in obtaining an extra ses sioni tho~se who have madec the appeal for it have presented an alternative. or'an additional request that the pres Sident make a public statement of the assurance he feels in the sound condi tic-.n of pubiliCcereAh. This. too. 1m0 met with a measure of oppositionl from the Administration 's advisers. Both suggzestions are still matters of consideration, although no informa tion whatever is obtainable regardmg either directly from the White House. Just His Size. John M. Work, the socialist-lectur - e nd athor of "What's So and slim. During the season of 1905-6, Work and Walter Thomas Mills, who is short and thick, both appeared on a lecture course at Cincinnati. Mills came first. In the course of his lec ture he took occasion to announce the coming of his fellow plat'formist. Among other things he said, "Work is just my size." A snicker ran over the audience. Mills continued, "Now, what are you folks laughing at ? Work is twice as tall as I am and half as big around -doesn't that make him just my size?' "-The Lyceumite and Talent. Squaws and Sewing Machines. Minneapolis Journal. "I am preparing for my annual trip of the Indians of the Florida Everglades, the most interesting trip I ever take," said a sewing machine agent. "But what do you sell in the out bandish Everglades?" a woman ask ed. ''Sewing machines, dear madam," he replied. " To, the Indians ? "Even so. There is hardly a squaw in the wild and remote Everglades who has not her sewing machine. In deed, sewing machines have become necessities in the Everglades, like Moccasins or firewater. I Why ? For beadwork making. You know this beautiful beadwork that the Indians of the Everglades sell? Well, it is all made on sewing ma ehines. It is made on my machines. I have done a good trade in the Ever glades for five years. "In the Everglades," he ended, "the hoot of the loon and the splash of the erocodile in the lagoon are well nigh drowned in the continuous whirr of a thousand busy machines." Got Tired. of Her Job. Ohicago Examiner. Nanny Oatching, the famous old Abrown and white goat of the Univer city of Chicago has quit her job. Her desertion so deeply affected the doc tors and medical students that they called upon the police to aid them to find Nanny and induce her ,to come back home. The police believe that Nanny tired of her job. It was her duty to catch every possible disease that the doet ors and students might wish to study and she had ..hardly known a well day sine she' 'became the goat t"or laboratory experiments. For cerebro-spinal meningitis, Nan Catehing traveled the route to beri beri and cholera and back again to tincaneatis, uttering frequent com plaints, but all the time making noble sacrifices in the great cause of science. Her task, however, finally palled upon Nancy aind when the jailer had f o go look over for her yesterday in her .pasture lot to invite her over to the laboratory to have a mild attack of diptheria, the goat was gone to other quarters. DOWN - DOWN - LUMBER and building material of all kinds. IFlooring, eiling and shingles of all grades, sash, doorse blinds, laths, roofings, etc. C. H. Cannon will give the v'ry lowest prices and meet all competition. He is in for small profits and large business. CHEAP RATES, Via Southern Railway. Jamestown Ter-Centennial Exposition, Norfolk, Va. On account of the above occasion the following instructions will gov ern. the sale of round trip tickets to Nortfolk, Va. from Ntwberry, S. C. Bo'ason ticket-$19.55. This ticket wji be sold daily April 19th to and i ncluding November 30th, 1907, final datte to 'leave Norfiok returning De eemnber 15th. 1907. 60 day tickete-$16.30. This ticket wi]]l) e sold daily April 19th to and includine Novemb'er 30th, 1907, final JTte to lea.ve Norfolk returnin'g six ty (60) days from not~e of sale and not !ated than december 15th, 1907. Fifteen day ticket--$14.30. This ticket iwll be sold daily April 19th to and including November 30th. 1907. final date to leave Norfolk re trigfifteen (15) days from date~ Coaen Excusion ticket-S.55. This ticket is not god in sleeping, Pull ep, or Parlor cars, and will be sold on Tu'f.esday of each week during per iod of the exposition, final date to War Norfolk retuirning ten (10) days from date o,f sale. For routes, stop-overs, etc., write or call on us. 12.000 comic post cards just receiv ed at Mayes Book Store. THE NOTABLE EVENT OF 1907. THE SECOND ANNUAL GEORGIA -CAROLINA F A I R The great Two-States Exhibition at Augusta, Ga. NOVEMBER 4-9 Agricultural and Industrial--County, Club and Individua Exhibits of the resources 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. Magnificent Display of Poultry and Pet Stock-the greatest ever eyhibited in the Southland. Great Cotton F arade-$500 in Special Prizes. Splendid display of Cattle and Live Stock. Attractions and Amusements-First United Statss Artillery Band, the finest in the South-engaged especially for this oc casion at a cost of over $ 1,500. Running. Trotting and Pacing Races iu I t F I : (. Over $4,000 in Purses. The F.reatest Football Game of the Season-University of Georgia vs Clemson College. Special TrMhs. A variety of Free Amusements, including "Dare Devil Doherty." Free Balbon Ascensions-Twice Daily. The Largest and Finest Midway ever brought South. Remember the Dates, November 4 to 9. L.ovw mates F*r*ozrm All Poiraite. * For Further Inforation apply to FRANK E. BEANE, Secretary, Augusta, Ga. (CONDjNSED) STATEMENT OF THE COMMERCIAL BANK OF NEWBERRY, S. C., under call of State Bank Examiner at close of business September 17, 1907. RESOURCES. Loans and discounts - - - - $406,831 16 Overdrafts - - - - - - 5,653 08 Furntiure and fixtures - - --- - - 3,116 93 Cash and sight exchange - .- - - 42,172 36 $457,773 53 LIABILITIES. Capital Stock - - - - - - $ 50,000 00 Undivided 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 AT THE HERALD & NEWS FOR Box Paper,. Tablets, Pencils, Pens and Ink, Soaps, Fine Extracts, - &C., &C. In fact anything you need along that line. ALSO CIGARS AND TOBACCO. Don't forget to cal rn them. They are also agents for Columnbia Steam Laudv Statement of the condition < Newberry, S. C., Sept. 12 call of State Bank Examin Bills receivable. ..... $219,605 64 ( Overdrafts........... 5,180 75 c Fixture,. ............ Cash on hand and due from other Banks.....$ 10,193 92 1 $23b,6r7 23 Watch us grow. We pay 4 per ce> ment compounded Semi-annually. THE EXCHA J. D. DAVENPORT, GEo. B. CR President. A W. B. WALLACV The People's I Prosperit Paid Up Gapital - - Surplus and Individual I Stockholders' Liabilities For protection of depos H. C. MOSELEY, President. IV W. W. WHEELER, Cashier. G Better a conservative interes return when wanted, than a high about the principal. A National Bank is a safe Dep nakes it so. Likewise our Boai of prudent conservative manager DIRECI G. W. Bowers. J. A. C. Kibler. R. L. Luther. M. A. Carlisle. J. H. Hunter. J. P. B We allow 4 per cent. per Department, interest pg YOUR B~ THE NEWBERRY Capital. $50,000 - - No Matter How Small, The Newberry will give it ca,reful atte applies to the men and t JAS. McINTOSH, P resident. ! The First cough * Even though n3ot severe, has a t tive membranes of the throat Coughs then come easy all wini 4slightest cold. Cure thi first cc *set up an inflamation in the deli< Slungs. The best remedy is SYRUP. It at once gets right moves'the cause. It is free frox a child as for an adult. 25 cent: MAYES' DRi EVERY ONE DIOESN"l Some have to dig, a share But if you will u partment and lay up a i ings you will soon have your own. Open an act day and take a step upw Today's prudence is t The Dank of Prosperit: Dr. Geo. Y. Hunter, Pres't. J. F. Browne. Cashier. >f The Exchange Bank of th, 1907, in response to er. ,apital stock.... ...$5o,ooo 00 urplus........... 6,46o 74 ashier's Checks...... 269 84 )ividends unpaid...... 87 50 lills payable....-.-.. 75,0oo 00 )eposits..............io6,799 15 $238,617 23 it. interest in our Savings Depart NOE BANK MER, M. L. SPEARMAN, Attorney. Cashier. Asst. Cashier. 99s lational Bank y, $. C. - - $25,000 00. :rofits $6,000 00 , $25,000 00 itors. . A:CARLIStE, Vice-President Ed. JOHNSTONE, Attorney. t on your deposit with its safe rate and a feeling of doubt :sit. Government supervision -d of Directors is a guarantee ient. 'ORS: W. P. Pugh. Jno. B. Fellers. W. A. Moseley. Geo. Johnstone. H. C. Moseley. owers. annum in our Savings tyable semi-annually. NKINQ! SAVINGS .BANKL - Surplus $30,000 No Matter How Large, Savings Bank' ntion. This message he women alike. J. E. NORWOOD, - Cashier. of the Season,; eidency to irritate the sensi and' delicate bronchial tubes. er, every.time you take the* ugh before it has a chance to * ate capillary air tubes of the QUICK RELIEF COUGH at the seat of trouble and re i Morphine and is as safe for* JG STORE. INHERIT MONEY. nd dig hard, for their tilize our Savings De ortion of your earn an "inheritance'' of :ount in this Banik to ard. omorrow's pleasure. ProspBritU, 2r. J. S. Wheeler, V. Pres. J. A. Counts, Asst. Cashr.