University of South Carolina Libraries
NO 9N ~TflT vaEWBERRY , S. 0. FRIDAY' NOVEMBER 8 ,1907. TWIOE A WEEK. 31.50 A YEAR requested tO -o sta"p thli" C'lee' "Be it further resolved. That the mnanae.' the Columbia Clearing iH a as e i t be ).trueled to ive notice to te correspondent. of the Columbia clearing iouse banks that the above resolution is in effect on and after this date and until fur ther notice.'' In issuing these certificates the as sociation yesterday made the follow ing announcement: "Columbia Clearing House Associa tion." To the Public: That you may know when the cer tificates issued by the Columbia Clear ing House association are properly sizned the trustees make this an nouncement: All certiecates of each denomina tion issued by the Clearimg House as sociation will bear the signature of one of the trustees: W. A. Clark, Edwin W. Robertson, W. G. Childs. Wilie Jones, Geo. L. Parker or D. C. Heyward; and, in addition, each one of the certificates will be countersign ed by B. F. P. Leaphart, secretary of the clearing house association. W. A. Clark, Edwin W. Robertson, W. G. Childs, Wilie Jones, Geo. L. Baker, D. C. Heyward, Trustees. Columbia, S. C., Nov. 9, 1907. MAY BE -CANDIDATE FOR GOV ERNOR. C. C. Featherstone Expected to Offer to Succeed Ansel-Has a Strong Backing and Would Run Well. News and Courier. Columbita. November 9.-One of the interesting political runors that has come to Columbia within the last few days is that Mr. C. C. Feather sstone, of Laurens, will be a candi date for Governor at .the expiration of Governor Ansel's service in that office. The probability of Mr. Feath erstone's candidacy was vouched for by a personal friend today. Mr. Featherstone will make a for midable candidate. He would have been in the race in 1.906, but for two fats: his high personal regard for Mr. Ansel, whose candidacy had pre viously been announceed, and the sim ilarity of his views and those of Mr. Ansel on t'he liquor issue. As they were so closely in agreement, and there co.uld be no personIal opposition, Mr. Fea.therstone declined to accede to the wishes of many of his friends and refused to enter the race, though importuned to do so even until the last day for making entries. Mr. Featherstone made the race in 198, and was d'efeated only by a combination of forces and circum sfances that were most unusual and peculiar. He ran that year as the pro hibition candidate and now his friends feel that he is entitled to par ticipate in the fruits of the victory for which he fought when the odds Iwere against him and against prohi Ibition. Mr. Featherstone recently made a public statement of his views, declaring in favor of state prohibi tion law, but permitting any county desiring to have the sale of whiskey to do so by vote. This is pratically the reverse of the present system. Many prohibitionists feel that since Ithe state is in sentiment now un Idoubtedly prohibition, there should be a prohibition governor, but they do not desire to see a'man elected mere ly because lhe esp)ouses that cause. They wvant a governor who is a pro hibitioist, but also a man of busi ness atbility. of sound views on the la.L'r and economic questions and of safe ,Aaracter. Mr. Fearthstone, his Ifriends say, is all of that: he is a liwer of experience ~and a.bility, a man ofL fine principles, a thoughtful sLudent of affairs and a gentleman of chiringn personality of whom the .tag might. be proud as governor. A nd as fc.r the campaign. Mr. F, ith ersoec is one of the best sti mp speakers in the state, and will hold his own in the contest for governor, if he should enter the lists, when Mr. ~ COLMBIABANKS., OFFER RELIEF HAVE DECIDED TO ISSUE $240, 00 IN LOCAL CURRENCY. Each Bank Has Put Up in Ironclad Collateral $15e for Every $100 of Scrip Which Will be Issued. The State. The Columbia banking institutions have decided to issue clearing house certificates in order to relieve the fin ancial depressions. This action, taken -yesterday afternoon at a meeting of the clearing house association. is largely in response to resolutions passed recently at a meeting of bank ers from other parts of the state. The compliance of the Columbia banks mean that this city is becoming more and more the financial center of the state. For, within a few hours after the action of the trustees of the clearing house association, there i were thousands of dollars, represent ed by the certificates, being express I ed to. other cities in the state where Coumbia money will be as good as gold. These certificates are in form some what similar to a bank note, although not so handsomely engraved nor printed upon such su.bstantial paper, for it is believed that this temporary currency will be called in within .six weeks, although the limit named on the face of the certificates is March 1, 1908. The total amount issued is $240, 000, representing 20 per cent. of the aggregate capifalization. of the bank ing institutions of the city. Each bank will be permitted to draw its pro rata part and it is probable that all of the temporary currency will be put into circulation at once. The conditions which call for the issuing of this currency are anomal ous. The banks of Columbia have mole cash money than they have ever had, but it has not been put into cir culation. The money has been kept tight on account of the flurry ia Wall street. but it is believed that condi tions there are getting easier and that the south will soon ne able to take a long, deep breath. It is the merchant who has been suffering, for the banks have been afraid to ad vance money on cotton, and the far -mer has been disinclined to sell cot ton at the prevailing prices. There fore the merchant has suffered more than has any one else, as purehases of stocks for this season were very heavy on account of anticipated high prices of cotton and good yield in South Carolina. Columbia Clearing House Association Columbia, S. C., Nov. 9, 1907. FIn view of the action taken by the New York clearing house, and subse quently adopted by the clearing hois es of Philadelphia, Chicago, Balti more, St. Louis, New Orleans, Cin en2ati, Nashville, Atlanta, Louis ville. Birminerham,- Memphis. Mont gomery, Mobile, Augusta, Savannah and many other principal cities, throughout the country, restricting the shipment of currency, and is suing clearing house certificates; and in response to the request of the bankers of our state expressed at a meeting held in Columbia, S. C., on November 6. 1907. be it resolved by the Columbia Clearing House associa tion: "1. That in order to facilitate the movement of the cotton crop and aid the farmers in the proper marketing of the same, clearing house certifi ates of this association be issued, re deemable in money of the United States on or before March 1, 1908. ''2. That until further notice col letions and bank balances be settled in exchange or clearing house certi Sfica tes. "3. That such certificates .be receiv 'ed on deposit or in payment of col lections and debts due any banks in the clearing house association. "4. That cheeks drawn on the >uem bers of this association be paid through the Columbia clearing house -a correspnentsn and cusromers be COL. ESTILL DEAD. Prominent Georgia Newspaper Man Croses Over the River-Twice Candidate for Governor. Savannah, Nov. 9.-John Holbrook Estill, proprietor and 'editor of the Morning News and prominently con nected polit.ically and in business,i died at the Isle of Hope. near here tonight. He made two campaigns for governor. He was once ehairman of the -state Democratic executive com mittee and was once a member for Georgia of the Democratic Natioral committee. He was a member of the Oglethorpe Light Infan'try in the Civil War and has been prominently connected with various interests in Savannah. MR. J. C. LUSK ARRIVES. New Division Passenger Agent of the Southern Comes In. News and Courier. Mr. J. C. Lusk, tihe newly appoint ed division passenger agent for the Charleston div.ision of the S'uthern kailway, reached this city yesterday, having been considerably delayed ia Atlanta. Mr. Lusk is well and pleas antly known by a number of business men in Charleston, and he is being made very welcome. Yesterday one of his first duties was to visit the army post, on Sulliv-an's Island, and make arrangements for the handling of the 99th company of coast artil lery, which is to leave for Fort Mor gan, Ala., about the middle of the present month. Later Mr. Lusk, in his office on Meeting street, opposite the Charles ton Hotel, met a number of business people of the city, and last night at tended the opening reception at the new Union Passenger Station. The Atlanta Constitution of November 9, speaking of Mr. Lusk's promotion, asid: "J. C. usk left the city yester day to take c arge of his new office of division passenger agent of the Southern Railway, with headquarters in Charleston, S. C. Mr. Lusk has residled over a year in Atlanta, hold ing the posit-ion with the 'Southern of district passenger agent. -Mr. Lusk 's ne w position will give him much greater responsibilities, as he will have entire charge in the State of South Carolina and in Geor gia as far as Augusta. "'His promotions with the Southern have been rapid, and he has won his way.to the top by efficiency and stri-et attention to business. "He began his service with the Southern in 1898 in the district pas-I senger office, at Knoxville, T.enn:, and was promo'ted in 1899 to Selma as travelling passenger agent. He went to Birmingham and Chattanooga and then back to Birmingham in 1901 as district passenger agent. From! there he went to Jacksonville. Fla.,I and then came to Atlanta a little ov er a year ago. "Mr. Lusk 's many friends in At lanta, while rejoicing at his promo tion, greatly regret to see him leave the c ity .' _______________________________________ Advertised Letters. Letters remaining in the postoffice a.t Newberry, S. C., for week ending November 9, 1907. B-Miss Elepi Boseman. D-B. S. Davenport. f-Mrs. Joiey Grah am, Mr. Sum mie Gallmon. I-Hays Live Stock Co., Mr. J. Hamming. Miss Peace MIeasor. J--Mr. Clint Jones, Miss Vinnia Johnson. K-Mrs. Kate Kemp, Miss Oetnxia iKard. L-Mr. R. E. Lee. Sallie Long. M-Mr. Coleugn McL.are. Miss Ma.ie Metts (2), Mis*Ruth Moo-e. 0-Mr. Asherry Oxner. P-Mr. P. C. Perry. R-Mr. W. R. V?eid. Miss Marrie r?i, T<lella Rogers, Mrs. Laura P' b - 'e Word, Mrs. Corrcelia W ier. Perons calling for these letters wil plea ay tat+ th.ev were adver GOLD ARRIVALS. Eradstreet's Review of the Country's Trade--urrency is Not so Scarce. Nev. York. Nv. .-Bradstreet 's tomorow will say: "Good progress ,:ma; been ma., in accommodatingmi the eountrv to the changed financial e.miditions. thi.-, t.>o. with strikingly little friction. At the 4ame time whalesale and jobbing trade has quieted down very perceptibly, and the dis,position in industrial lines has been to curtail production wherever possible. There is. :n fact, a rather ni r e(p.timistic tone prevniling this we-k than last. the out.-rowth of the be'Ller feeliniz at the East. the largze arrivals of gold from Europe and the idea th'at basic conditions, both as re zards the pu'rehasing power of the people and the absence of large stoeks, are better than in some pre-: ced,ing years of stress. From two sections-the Northwest and the South-complaints are numerous that the a'bsence of actual cash prevents the movement of wheat and cotton to market; but the country-wide is suance .of bank and corporation cheeks in small denominations has, eased the currency situation greatly. Collections are rather slower, but there has been a slight easing in the premium for actual currency at the East. "Busines failures in the United States for week ending Nov. 7 num ber 225 against 223 last week; 146 in the like sweek of 1906; 166 in 1905; 184 in 1904 and 250 in 1903. Canadian failures 34 as against 25 last week and 28 in this week a year ago." GOLD MOVEMENT GROWING. Over $50,000,000 Engaged Up to Date-Situation Better. New York, November 4.-The fin-! aacial situation made further pro gress today,toward the resumption of normal conditions. Gold was engaged to bring the total for this movement up to more than $50,000,000, an in preedented acquisition of the yellow metal inthe history of New York fin ance: the bank statement was more favorable than had been expected, showing a loss of but $4,313,000 in the banks' cash holdings, and the stock market was firm, most of the active hares showing adv'an-ces cn the day's tradinz. The bank statement does iot show the full beneifits of the' gold received from Londiop, as the state ment is calculated on a basis of averages for each day of the week and the greater part of the gold was reeived late in the week. Thus a statement of the condition of the banks at t1ie close of today would show their cash surplus t. be much larger than under the average system of comput ations. Next week there will 'be more arrival-s of gold and -all of that receive'd th.is week will figur? for the fuli week se that next week's statement is excted to show larg-e <rainfs- in reserve. While the deficit in the reserve is $51,000,000, it should be noted that the cash on hand i still 20 per cent of all deposits, in cldi: those made by the Govern ment, and whi-eh are secured by col lateral. This is 5 per cent less than renired bth 5per -eet.t rule, but it is 5 per cent more than the local instutions are called upon to main tain under the state banking laws. Notable advances were made by the active shares in the stock market dur ing the week, todayv's final sa.les showing higher prices as follows: Union Pacific 2 1-2: United States Steel 1 1-8: Preferred 2 324; Read ing 4 1-8: Pennsylvania 4 7-8; North ern Pasafic 1 3-4: New York Central 2 5-S: Missouri Paginec 1 1-2: Great Northern 2 1-4: St. Paul 2 7-S; American Sugar 3. Beth Eden Union. Will mee-t at Beth Eden school house WXednesday. December 13. at 3 o 'clock in the afternoon. All mom bers are urged to be present on-1 any farmer is invited to join the union. Chas. S. Suber, C. M. Folk. President. THE LUTHERAN SYNOD. 1loses at Spartanburg-Next Year Meet at Prosperity-Work Done. The Spartanburg Herald of Sun :lay gives the following general sum Mary of the work accomplished by :he Lutheran Synod which was in ;ession in the new Litheran church n that Rity last week: The Lutheran synod, which conven d in the Lutheran church of this city Wednesday morning, closed its busi aess sessions at 1:30 yesterday after oon, after three d'ays of routine ork. T-he final adjournment will be eached tonight. The next synod will eet with Grace church, Prosperity, n Wednesday before the second Sunday in November, 1908. The sessions of the South Carolina ynod of the Lutheran church have been niost pleasant, and there was aot a single discord throughout the ntire convention, which was well at tended by delegates from all over the tate. It has been quite an honor to the city to have the pleasure of en tertaining so distingu.ished a body of ihurch men, and the special resolu tion of thanks passed by synod yes terday thanking the friends who en tertained the delegates is taken as a distinct eompliment, as was also the high commendations made on the work of the Rev. S. T. Hallman, pas tor of the church 'here, who received the highest vote for chairman of the ielegation to the United Synod of the Sout.h. - Result of Election. The session of synod was opened yesterday morning at 9.30 o'cloek with devotiontal exercises conducted by Rev. W. P. Cline. After the read ing of the minutes the teller announc ed the results of the election, of lay delegates to the United Synod in Sav annah, Ga., which election was held just before adjournment on Friday. Following art the lay delegates the econd name being .the alternate: G. B. Cromer, J. D. Cappleman; P. (7. Pride, E. J. Etheredge; A. H. Kohn J. E. Kizer; A. G. Wise, J. E. Hendrix; 0. B. Mayer, A..H.. Berg; J. C. Seegers, H. H. Folk; J. W. Jonny, As N. Boland; J. F. Ficken, W. H. Heidenreeh: E. 0.- He:1tz. S. J. Der rick: Kenneth Baker. JT. I. Ranch; W. P. Houseal, Otto Tiedleman, Jr. Clerical-Dr. S. T. Hallman, Rev. M. G. G. Scherer, Rev. W. H. Gree 'er, Dr. J. A. B. Scherer, Rev. M. 0. .. Kreps, Rev. Z. W. Bedenbaugh, Rev. C. A. Freed, Rev. C. P. Boozer, Rev., Jas. D. Kinard, Rev. W. A. C.' Mueller, Rev. 0. B. Shearouse. Committee Reports. The committee on excuses and let ters made their report, which 'was pending from yesterday. The committee on the bond of the treasurer of the synod rendered their. report. The 'bond hlad been examined and found satisfactory. The committee on approprianions suggested in their report to synod how much was necessary to carry on the v'ork for the next year. Among te amounts suggested were: For printing of minutes, $200 if necessary.I For benefieiary education, $375. For current expenses of theologi cal seminaries, $143. For execut,ive committee of home missions, $2,010. The next report w~as from the com mittee en treasurer of the "Semi Centennial Endowvment F und'' of Newherr'y college. It was to the ef teet that the treasurer's report was fo'nd cotrr'ect with vouchers, and that the. money was well invested.. This fnd was proposed in June of last year. which wvas the 50th ann-iversary 't he college. In three months or less .-0,000 for this fund wats rais Board of Trustees. The ch:airman of the committee for n oir1 m' t'e boardl of trustees of the Mt. 11easant 'Seminary read the Clerical-Rev. Dr. S. T. Ha!!man, y :raTh:)rr: Rev. WV. A. C. Mueller, C harlest on; Rev. Chas. Koerner, Charleston; C. A. Freed, Columbia; Rev. M. G. G. Scherer, Charleston. La-Hon. J. F. Ficken, Charles ton; J. D. Cappleman, Charleston; Dr. 0. B. M'ayer, Newberry; A. D. Elaltiwanger, Columbia; Capt. J. C. Seegers, Columbia. The secretary was authorized to !ast the vote of the synod for the ihove named gentlemen, and so they xvere elected unanimously. The committee on pastoral districts nade its report next. There are a iamber of vanancies in the smaller hurches, and this committee will iave its hands full the coming year. The report from the chairman of :he committee on systematic beaev >lence had several interesting reso lutions. It was resolved to raise $5, )00 annually to meet the needs of synod. At Friday's meeting it was esolved to raise $5,000 for the im nediate needs of the present year, but yesterday the order of things vas changed and it was decided to nake the raising of $5,000,an annual affair. The $5,000 will be apportion d among the congregations of the ynod, according to their numerical strength and ability. Missionary Work. The chairman of the executive com mittee is to prepare a statement- in ;raqt form of all the missionary work f the synod, giving the amount of funds necessary to prosecute the work. These tracts will be distribut ed among the congregations. The committee on 'apportionment next maide its report, and there was no chiange in the percentage of assess ments. The committee on the theological seminary at Mt. Pleasant reported that the institution was in a better condition et present than at any time 3ince its birth. There are now four teen students, with the prospeet of a fifteenth before the close of the ses sion. The health of the student body -md the professors was reported as excellent. The apportionment for the benefi eiary ($375) goes to the following young men at the seminary at Mt. Pleasant: J .W. Oxner, M. C. Riser, and P. E. Shealey. Rev. T. B. Epting of Sumter, was elected as statistieal secretary of the synod. The next report was from the com mittee on the siate of religion. The ~ollowing articles in the report about ver the ground:. 11. Religious activity .in all lines of hurch work is very encourag1ng. 2. Attendance on servic.es is very rood. and th'ere is a deeper interest .manifested than ever before. 3. Benevolence indicates growth in. lpth and breadth. 4. The Sunday Sehools of synod are being more thoroughly organized and are doing more systematic woirk, 6. Finances are in good condition,I and several pastors report expendi tures in improvement of church prop erty, while at some places the sala res of the pastors have been raised. 7. Church property is in excellent condition; the tendency is to build better churches. 8. The interest in Christian educa ion is wide spread and general. The loyalty of the' people to Newberry college and to the, seminary at Mt. Pleasant is inspiring. 9. There is great love for bhe liter ature put out by thne publish~ing house, and the church paper ''The Visitor". and the .Sunday school 'Tidings'' are great favorites. This report concluded the business4 of the synod. A suitable resolution of thanks to the pastor and congre .ation of tihe Spartan%burg church, and to the friends in general, who assisted in entertaining the delegates was passed, after which synod ad journed to meet with Grace church, - Prosperity, Novemnber, 1908. Will Not be a Candidate. Dr. Geo. B. Cromer requests The Herald and News to say that he will not b.a a candidate for alderman from Ward 1. That (Chinese newspaper which has iust <tiven up the ghost, after a short iit stormy existence of 986 years doubtless was the oldest inhabitant .ang heyelow journals, neverthe