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THE FINANCIAL QUESTION. 'eview of the President Financial Situation and the Need for Elas tic Currency by One of the South's Brainiest Men Takes an Optimis tic View of the Situation. Mr. D. A. Tumpkins, of Charlotte, the foremost eiiizea of North Car -olina and one of the South's brain 2est men today has written from New' York his views on the present finan cial situation and the need for elas tic curre-cy. Mr. Tompkins is well known in busines! eireles in South Carolina and on accou-nt of his recog -nized superior jud.M121ent in such mat ters, we publish below his communi cation. which appeared in the Char lotte Observer: New York, Nov. 5.--In latter years the United States has been very pros perous. Wages have increased, the value of all farm products have in- t ereased and everything which money bnys has increased. While these 6hanges in values have been going on fbe -olume of money in the country has h-ad no proportionate increase. It -used to take $25 to $30 in cash to pay for a bale of cottou. Now it takts $50 to $60. Three hundred mil Iion dollars used to handle the crop. Now it takes more than six hundred million. Here in New York I am told it' takes sixty thousand dollars per day to pay street car fare on the Metropolitan or Interborough Rail way, if that's the right name for the combine. A few years ago no such amount was required. Prosperity has increased the riding on the street cars and railway trains all over the United States and it requires. more cash.' Wages are greater and require znore cash. . In the face of this situation and in the very midst of an abundant pros perity timid people lock up and hide away the currency. l High-priced cotton and good wages made a good condition. In times like these when times are good but only ready cash is short everybody ought to put money in the banks to keep the good prices up. Taking money out of.circulation tends to decrease prices and wages and whoever does it is con tributing to break down the good I prices for farm products and good wages. *It's a little like the ship-wrecked mariner who saw water everywhere and not one drop to drink. There is abundant property and good business and the only trouble is *short'age of actual currency and this I is -due to action of those who lock it amp -or hide it and take it out of cir enilation. The next congress will probably -amend the banking law so as to allow the banks to issue currency in tinr 3s of panic pressure to take the p1-ace of that which is taken out of circula-1 tion. When that is done we may have squeezes but not disastrous panics where a firm or corporation doing good business has to shut down be cause it cannot get the currency to pay wages, buy and pay for farm products and othterwise keep agricu> ture, manufacture.4 and commeree -movi. On the subject of an el'astic cur-' rency the St. Louis Globe-Democrat says: "The present tension shows what: has often been shown before, that~ our * currency system needs a little more elasticity than it has had in the past third of a cenutry. It does not re 'spond quick enough to new demands for additional circulat'ion. In a cer tain degree clearing house certifi eates supply his lack. But this em * ergency currency is available only as .a means of meeting the balances be-' tween tbe banks. "'Some sort of an emergency cur rency. however. may have to be adop ted, which will be available for use * among the people. Many plans for creating this sort of currency have been suggesfed. The subject is diffi -eult. as is shown by the fact that bankers and financiers in general * -differ as to the sort of currency whichI would best meet the demands of a situation like that which' the country is now passing through. 4'Currency which will expand when the .need srises and contract when the occasi5n ends and which will be safe at all times is what the country requires. This is a subject to which our financiers and statesmen should give immediate attention.'' The Globe-Democral is mistaken as 'to the differences between bankers and students of the subject. The truth is that the argument is well nigh un -animous. At the bankers' conven - ton in Atlantic City a plan was pro posed which was practically only op posed by one man. The plan propos ed at Atlantic City is not only sup ported by the bankers but also by business men generally who have stu :'4d !he :4"ub1ject. B1ut whatever value may come fron as asset currency whnn authorized by law such value is not available now [n the present situation the next best hing to a national bank asset note s the clearing house certificate. Plearing house certificates give a praetical emergency currency, not particularly authorized by law but vet not at all forbidden by any law. Ih.. are not issued by banks but by learin.: houses or an association of The cl-aring house is a very good ntitution for -ities wheie there are i num'ber of banks at any time. It is een how they can help in panic but A*'en there is no panie tilv do much . facilitate the business of a city U166 to make bank transactions safe. ezardless of ile ;ght money mark t, Charlotte (ught to have a clear n14Y hoase. The vity is big enQugh d.I(, her financial -.n"-rcsts and trans tetions are extensive enough to jus ify a clearing house. D. A. T. EDITOR GRAVES IN GOTHAM. lis Promotion a Tribute to His Mar ked Abilities-Will He Like New York. tichmond Times-Despatch. It is a distinguished compliment to he abilities of Colonel John Temple rraves that he has been called to e' York to edit Mr. Hearst's morn nw newspaper. Say what you will of dr. Hearst, he is a good judge of tewspaper talent, and although he nd Mr. Graves are personal friends, te would .never have chosen the xeorgia writer to -preside over the ditorial columns, of his leading news >aper unless he had satisfied himself hat his friend was qualified for the vork. We doubt not that Editor Graves vill make good, but it remains to be een whether or not he will find a ongenial atmosphere in the editorial ooms of the American and in.-the city f New York. Henry Grady once nok up his residence in Gotham, but te did not remain. The secret of his [eparture was subsequently revealed >v him to Editor Daniels, of the Ral gh News and Observer. He related hat as he . stood at his front door me morning he saw a white hearse tanding near by and finally saw a ittle white coffin brought out of a eighboring house by the hirelings of he undertaker. It was followed by i man and a woman, supposed to. be he child's parents, but by them on . Another woman stood at her door ooking on. Mr. Grady asked of her everal questions concerning the bhild's death, and the woman finally -eplied with some show of irritation: 'I 'm sure I do not know: it 's no :oneern of mine.'' From .that moment Mr. Grady de ermined to shake the dust of Goth m from his feet. "I resolved then and there,'' said ie ''that I would make gny home in 10 eity where the death of a child vas no concern of the neighbors.'' JAPITALISTS VISIT LAURENS. President Carter of South and West ern Railroad and Party Make a Second Visit. r-e State. Laurens, Nov. 7.--George L. Car ter, president of the South and West arn Railway company, .and a party of gew Yorkers, who are interested in the building of this road, visited [aurens th.is afternoon, being accom anied by Col. John B. Cleveland of Spartanburg, president of the Char leston & Western Carolina i-oad. The party is traveling in a special car, Clinhfield.'' They were met at the tation by a local committee consist ing of J. 0. C. Fleming, director of the Charleston & Western Carolina: Dr. Hugh K. Aiken, president of the Laurens chamber of commerce; D. H. Counts, J. Wells Todd and Dr. W. H. Dial. Carriages had been provided and in company with the Laurens de legation, the visitors were taken out to Laurens and Watts cotton mills for an inspection. President ,Cartei and others of his party expressec themselves as much impressed witi Laurens. The party visited Greenville afte1 leaving Laurens, returning here to night. They proce.eded to Columbit over the Columbia, Newberry & Lau rens road. The fact that the Souti & Western officials have been over th< Charleston & Western Carolina fol the second time recently is regarde< as significant. That Chinese newspaper which ha: j>st given up the ghost, after a shor but stormy existence of 986 yeart doubtless was the oldest inhabitan L"E AT U3S G IVE "I1AN~KS." Proclamation Fixing Thursday, No vember 28, as Day Appointed by His Excellency. Gov. Ansel has issued his first Thanksgiving proclamation, fixing Thursday. November 28, as a holiday to be observed by South Carolinians! in gratitude for the many blessings bestowed upon all during the past year. The proclamation is unusually ap i propriate, the governor thinks, after the season of plenty, and therefore his message to the pekple of the statl is something nore than a mat ter of' for. He says: "In conformity to a beautiful cus tom established by our forefathers and perpetuated by the religious sen timent of.our people, I. M. F. Ansel, governor of the State of South Car olina, do heerby designate and ap point "Thursday, the 2Sth day of No vember. 1907. as a day of general thanksgiving. "The State of .South Carolina has been signally blessed during the past year. We have enjoyed the liberty and security guaranteed by a peace ful government; we have advanced in education and morality; our material resources have developed; our fields have yielded their harvest in great abundance: we have been spared from; famine and pestilence and no public calamity has befallen the common wealth. "Let all the people, therefore, put aside their usual vocations, upon the day herein appointed. as?emble in their houses of worship and in their homes to return thanks to Almighty God for His wonderful love and mercy to us as a people and as a state,. and for the manifold blessings He has bestowed upon us. "Let us also, on this day of thanksiving and praise. remember the poor and needy, the widow and fatherless, the sick and distressed and the orphanages in our state with"' words of comfort and cheer and with 1 , The Finest I theli Thefe are hundred ma6rket, but not one of the results attained by and not one of them positive guarantee. "93"5. .H positively cures dandru prevents baldness. It's in the world. Its succ< Other so-called hair ton but this will not. It is c or gummy, or of disagre Its use absolutely i ant, beautiful head of ha 50 Cents THE ''REXALL If you get a bottle of ti not cure you, bring the emj dissatisfied, and we'll reti whoever asks for it. CILDER. & WE I u~TE 9 115~~~ (PI e~ it I tI ii tun::te. realizing that the greatest Christian virtues is charity. "And let us ever invoke the Gre Giver of every good and perfect gi for a continuance of his infini kir.2ness, that peace. pro:perity al happine. may: ahide in the land fc ever.' LUMBER--VIIrh and dressed, to ,ried and grooved of all kinds ai grades. Shingles. sash. uoors, blirt laths. roofing, roof paints, etc. large st,)-k of good mat,erial upi whi- I wll meet all prices. al st uive go '\e satisfa-:'ion. C. H. - annon. Newberry, S. C. DOWN - DOWN - LUMBER ai building material of all kint Flooring, ceiling and shingles of grades. sash, doors, blinds, latl roofings, etc. C. H. Cannon w give the very lowest prices ai meet all competition. He is in f small profits and large business. REGISTRATION NOTICE. Notice is hereby given that tl books of registration for the Town Newberry, S. C., are now open, ai the undersigned a- Supervisor Registration for the said town w keep said books open every day fro PY a. i.. until 5 p. i.. (Sunday e etpted) including the 1st day of D ceamber, 1907. Eug. S. Werts. Supervisor of Registration. WANTED-All your cotton seed the hi,-hest market price. Seal, and seed house at C., N. & L. depc C. H. Cannon. 3 BEST BY",TEST OF TIME-Pa oid, Asphalt Gravel and Asbest Spark proofroofing. I have studi the roofintr question and will n sell any but the best. Come and s C. H. Cannon, Newberry, S. C. 4air Food In Yorld s of hair foods on the them has accomplished this scientific remedy is backed up by such a ir Tonic Ff stops falling hair, and the only real hair restorer ~ss has been remarkable. ics may have failed you, [ean, pleasant-not sticky able odor. nsures a healthy, abund ir that w~ill last for life. Per Bottle ." GUARANTEE tis hair tonic and firnd it does pty bottle to us, say you are ta your money. We make up to it. Sformula of this tonic to EKS, Druggists af STORE of at WEAREON THE RUSH LINE te d IN OUR LINE >r I h. In 1 01 PLAY FooT] e GAME WE ALL PL) " LOT To Do WITH id of YET OTHERS ALSC ill OUR SUCCESS. YO1 m IONOF YoURSELF. e HAVE, BUT IT WOUL OTHERS To HAVE oUHERS 4VUDGE YOJU HOW ELSE CAN at BECAUSE THEY SE * THEY HEAR YOU CLoTHES THEN, I - TAKE PART. SoM r- HELP YOU WIN: a A GooD- SUIT oD. A BETTER STIT et THE BEST SUIT RE C1 THE UP TH ANNUJ Will be Held tOne Fare plus 25 cent~ Grand Military Prize E to participate. Fire Contes s. Fo (A4 FOOTBAL L-Welsl Cite Street 'Carnival, Illumin Shows, Spectat Nightly Great Dcl MOSE - WHAT Economy is a frugal andj which spends money to adva great bargain sales. We have just returned frc the market an!d securing ma for the public to inspect ou t~ore. We 1ave the new ti Prints from 5c. up, White F ap, complete line of Dry Go double width, at Soc. is a gr ;out1s' $2-50 to $ro.oo, Bo hings in Hats and Caps. I :2ave ever had. Our experi< from the North, and our im ready for inspectiou, embrac mm.:nse line of Furniture is Groceries, Hardware, Cr'ock is now complete. We have ers, and the bargain; coma ple wonder boy'. we can sell i8 ars. best Qranulated Syg \Iachine $25.00' new Defen< for 20 a ears. We has e onl: nake spe. ial ont . $42.50, e t'i e old reliable Iron King a: blt- on the market. For e3 choice on our bargain count Prosjerity. S. RE-50LVED THAT WHETHER YOU PLAY fooT BALL OR SEE OTH ERS PLAY FooT BALL You MUST BE DRESSED RijHT YOU WILL WINOUTBETTER THE GAME You PLAY, IF YOU WE A R GOOD CLoTHES. BUSTER BROWN ALL, bUT THERE IS ONE Y--SUCCESS. WE HAVE A OUR SUCCESS oURSEL VES .HAVE A LoT To Do WITH J CAN HAVE A GooD oPIN THIS IS A GooD THING To D bE A BETTER THING FOR A GooD oPINION of YoU.. FIRST BY YoUR CLoTHES. 'HEY FIRAT JUDGE YOU? E YoUR CLoTHES bEFoRE SPEAK. WEAR GooD 'I WHATEVER GAME YOU E oF THESE THIN6S MAY * . 0 310.00, . . . .$15.00 .. $25.00 SPDCTFULLY EWART-PER.RY Co., DR. MAIN AND COLLEGE STS., -To-THE-MINUTE DEALERS. IL PALL FESTIVAL ov emrber 18 to 23. on all Railroads for Round Tri . ~rils and Parade. State Comnpanies en's Parade and Horse Reel rth Annual Poultry Show. mission Free.) Neck vs: d611ege of Charleston. .del vs. College. aon of City, Band Concerts, Free ular "Fighting the Fiamnes" on Marion Square. mrtmeqt SiDre LEY BROS. IS ECONOMY? udicious use of money-that managemet ntage. Economy is best exemplifed in our mn the Northern markets after searchinj ly excellent bargains. We are now ready immense stock in our great department ings, the nice thinks, the cheap things. omespun 5c. up, Checked' Homespun 5c. ods and notions. Our Imperial Broadcloth, eat bargain. Men's Suits $3-50 to $15 oo, y's' from 75c to $6.oo. New and nobby ~rettiest line of Rugs and Art Squares we ~ned Northern Milliner has just returned nense stock of fashionable Millinery is now ing the s'ew and up to date things.' Our now ready for inspection. Our stock of eryware, Trunks, Valises and Woodenware added a new feature in roe. and 25c. coun ed on the m is creating a sensation. Peo goods so cheap. We mention a few specials. r $.oo. Ne.w drop he-ad Domestic Sewing er Machine, drop hea4d, $17.93, guaranteed two Organs left, and to close them out we legant tones, oak and walnut. We handle id Elmo Cooking Stove, beyond doubt the ery five dollars you trade we give free one er. - - n-emnotTHE~Y SELL FOR LESS.