Historical Newspapers of South Carolina

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THE FINANCIAL QUESTION. Koview of tho President Financial Situation and the Need for Elastic Currency by One of the South'b Brainiest MenTakes an Optimistic View of tho Situation. Mr. 1). A. Tompkins, of Charlotte, the foremost' ei;ize:, ?f Xortli Carolina and oho of the South's brainiest men today has written from Now York his views on the present financial situation and the need for olastie currency. Mr. Tompkins is well known in business circles in South Carolina and on aec.m.it of his recognized Miperior jud'-inent in sudi nudtiis, w( publish lielow his communiealion. which appeared in the CliarlotIe Observer: New ^ ork. Nov. In hi11(., vears (he Coiled Stales has bee,, very prosperous \\ a.uos have increased, the value of all farm products have increased and every I hinp which inonev ".vs has increased. While ||,ese v'hanpes in values have bee,, poinp o.i 'ihr vol?nil' of money in (lie country has lint I ,,o proportionate increase. ,U l,? take $L>r, to $:H) in cash to jpaj for a bale of cot to*. Now it flakes $f,0 |? $(;{). Three hundred mil Mo;, dollars used lo handle the crop. Now i: |akes more lhan six hundred nullum. Here in New York I am 11 i'C.v thousand dollars per day |o pay si: .-el car fare the Alet rnpoliiai, or I iitcrli??r?usrli If a i 1 way. if thai's ihe riphl name for the combine. A few years air such nmounl was reM?ire,|. I'rosperity has increase.! the rid jap ?? t|H. ears and railway trains all over Ihe United States and il requires more eash. Wapes are j-reatcr and require more cash. In the lace of ibis situation and in the very midst of an abundant prosperity I ilnitl people loek up ami hide away (lie current-v. 11 Hi priced cotton ami pood wa.-es made a pood condition. In times like 1 these when limes are - but onlv ready eas|, is short everybody on-lit iu I"" money in the banks keep the pood prices up. Takinp out of circulalion tends to decrease prices and waires and whoever does it is con- | iribiil iiiu to break .town the ? , prices for farm products and irood ' napes. Il * .1 lit 11 e like the ship-wrecked I manner who saw water everywhere I and not one drop lu drink. 'I here ,s abundant proper! v a.ul pood business and the only trouble is . .'shorlape of actual currency ;,ud ibis ns due to action of tlu.se who lock il ' "!? "i- hide il and lake it out of cir- 1 cc.nlation. ' ,?'xl "ill p,- bal.lv amend the ba.ikinp law so as to allow j Ihe banks |?? issue currency in limes I I* panic pressure to lake ,,, , \',;U u ll!,''i > lake,, out of circula- ' J ion. W hen I mil is done we ,,,. ,\ have ' squeezes but u,.t disastrous panics AV'ieie li' in or corporal ion doinir s""d bu>i less has ,.. din, do\v n be H.tuse it cannot -jet the curreitcv to (' '> !>u\ ami pay for farm products III.) olheru i-M' keep n-rici,:' !! ;l ' uii aii'l c.ii,>merc?> inoviup. (b, the subjec' of an elastic currency the St. Louis (j lobe Dei -rat ways: " The present tension shows what lias often beeM shown before, thaf our currency system needs a little more elasticity than it has had it, the past third of a country. It does not re-! jpond 11uiek eiionul, to new demands 1 addit ional circulal ion. |? :, certain deprce cleanup house certificates supply his lack. Hut Ibis em- j erpem-y currency is available o?|v as means of nieetinp the balances be"twee;, tin- banks. "s"ine sort ,,f an enioipei,c\ currency. however, may have lu be' adopted. which will be available l.-r u-e anionp the people. Many plans (Vr <Kal,up this sort of currency have eon sil-posled. The subject i> dilTiI :,s ,s slluU" h.v Ihe fact that bjmk.-i-s |-i,in aitn(triil '!''Vi T "r V ""' I 0..- < ll'KKHIl Is llk.'' ""'i j'tow passing ihrouph. "I unoiicv which will expand when >? need^ arises and contract when n e occasion ends and which will he 'V a '"no? ,s wl,al llie fountrv imn.s. I his is a subject to wliiei. on, financiers and statesmen should "ninediate attention." Ihe C lobe-Democrat is mistaken a> 1'1" <li I lorencfvs between bankers ?"(.students of the subject. The truth that the argument is well nipl, unanimous. At tlio bankers' convention j? Atlantic City n plan was proposed which was practically only opposed by one man. The plan proposed at Atlantic City is not onlv supported by the bankers but aiso by business men generally who have slu ?fi???1 I lie subject. Hut whatever value may come from) 1 as asset currency when authorized by P: law such value is not available now In the present situation tho next best thing t? a national bank asset note is the clearing house certificate. Clearing house certificates give a Tl practical emergency currency, not T particularly authorized by law but to yet not at all forbidden by any law. in They are not issued by banks but by hi clearing houses or an association of yi ; '.i!ks. The el oaring house is a very good j pi insti:at>011 for cities wheie there are tli a number ??l* banks at any time. It is hi seen bow they c;i;i help in panic but si \\" :c 11 lucre is no panic l!> iv do much !> I ? facilitate the business of a city am! make bank tiansactious safe. |n lt<'.;ardlcss of il;e light money mark- jm ' 1, ('harlot le < nvhl to have a clear- |j| iny house. I'he ilv is big enough ir(l ;i u! her linancial .irei.-s's and trao- uli actions are extensive enough to jus- no lify a clearing house. I). A. T. ve EDITOR GRAVES IN GOTHAM. Ih: His Promotion a Tribute to His Mar- Ihm ked Abilities?Will Ho Like ve New York. an ful Itichmo.id Times-Despatch. ed It is a distitiguishcd compliment to reI iie abililics of Colonel John Temple ha Craves I ha I he has been called to :i'bi New N t<rk In cdi| Mr. Hearst's morn- fat in.- newspaper. Say what you will of cal Mr. Ilearsl, he is a good judge of we newspaper lalenl. and although he ' ami Mr. Craves are personal friends, asi he would never have chosen the da Georgia writer |.o .preside over the tin editorial columns, of his leading news- hoi paper unless he had satisfied himself Co thai his friend was qualified for the me work. am We doubt n<>t that Kditor Craves ha; will make good, but il remains to be j >e:1 [ 1 whether or not he will find a|'bj congenial a I niospiicre in the editorial ' I"? rooms of (lie American and in the city' of New York. Henry Grady once tho I ok up liis residence in Gotham, but wo [ he did 11 l remain. The secret of his nun j d.'parl 11 re was suhscijucully revealed | 1 by him !? I'M i I or Daniels, of the Ival| eiyli News ami Observer, lie related thai as lie stood al his front door one morning he saw a white hearse grinding near by and finally saw a, lillle white ci fIi 1 brougbl out of a! neighboring house by I he bindings of 1 lie undertaker. 11 was followed by la man and a woman, supposed to be ! the child's parents, but by them only. Another woman stood at her door ! look in:* on. Mr. Grady asked of her several i|iiesliois concerning the child's death, and the woman finally replied with some show <>f irritation: "I'm sure I do uo| know: it's no! ,, 1 concern ol mine. From thai moment Mr. Grady de isaiiueil lo shake ilit dusi ol Colli-) .1111 from his feel. '"I resolved t hen and there," said, !>c * thai I would make my home in ;!o ,:t\ wlicic the death of a child! ; was no concern of the neighbors." CAPITALISTS VISIT LAURENS. 1 I President Carter of South and West- j em Railroad and Party Make a I Second Visit. The Stale. Laurens, Nov. 7.?George L. Car;er, president of the South and Western Railway company, and a party of New Yorkers, who are interested in I lie building of Ibis road, visited j Laurens this afternoon, being aeeomI paaii il by C.d. John It. Cleveland of j Spartanburg, president of the Char-I 1 lesion Western Carolina road. The I parly is traveling in a special car, j " I'linchlield." They were met al the i | ^1 a;ion by a local committee consisting of .1. O. C. Fleming, director of j j lie <"narlesto;i tV Western Carolina;! J Dr. llie'li K. Aiken, president of the I Laurens chamber of connnerce; D. | : II. Counts. .1. Wells Todd and Dr. W. j j 11. Dial. Carriages had been provided and in company with the Laurens delegation, the visitors were taken out j lo Laurens and Walts cotton mills I for an inspection. President Carter | and others of his parly expressed | themselves as much impressed with) 1 .aureus. The party visited Greenville after , leaving Laurens, returning here tonight. Thev proceeded to Columbia over the Columbia, Newberry & Laurens road. The fact that the South & Western ollicials have been over the Charleston & Western Carolina for the second time recently is regarded as significant. That Chinese newspaper which has just given up the ghost, after a short but stormy existence of f>.% years doubtless was the oldest inhabitant among the yellow journals, never!he- . less. I "LET US GIVE THANKS." roclamation Fixing Thursday, No- i veBibor 28, as Day Appointed by ( His Excolloncy. ( (jov. A71.se! has issued his first 'f lianksgiving proclamation, fixing l< liursday, November 28. as a holiday li he observed by South Carolinians e gratitude for the many blessings 'slowed upon all during the past I >ar. The |)roelamalion is unusually ap'opriate, the governor thinks, after e season of plenty, and therefore s message (<> (lie people of the' ate is something more than a ma!-: i" of form, lie says: "In conformity to a beautiful cusm established by our forefathers j d perpetuated by the religious sen-}]] nenl of our people, 1. M. l?\ Ansel, i vernor of the State of South Car-! ita, do heerby designate and a)>- ! i 111 "Thursday, the 2Sth day of No- | niber. 1007, as a day of genera! | inksgi vim;. "The State of South Carolina has > i'ti signally blessed during the past nr. We have enjoyed the liberty d security guaranteed by a peace- |)( I government; we have advanced in j ueation and morality; our materia!! | ionrees have developed; our field" ' j, ve yielded their harvest in ureal , inula rice : we have been spared from * . j| nine and pestilence and no public amity has befallen t.'ie eommo.i- ' alt h. (*' 'Let all the people, therefore, put 1 d,1 (heir usual vocations, upon thej y herein appointed, assemble in i ^ 'ir houses of worship and in their ' ties to return thanks to Almighty! d for His wonderful love and rev to us as a people and as a state. . 1 for the manifold blessings lie' ; bestowed upon us. I 3 'I.el us also, on liiis day of . inks.::ivinv and praise, remember ' poor and needy, the widow and herless, the sick and distressed and | i orphanages in our state with ; rds of comfort and cheer and with en nvt*yttjl- arm'jwim aia. v iijr srz'/kstittzbbirjxo tn * f The Finest H the til There are hundreds market, but not one of t the results attained by tl and not one of them is positive guarantee. 1 "93" Ha positively cures dandruff, prevents baldness. It's th in the world. Its succes: Other so-called hair tonic Ibut this will not. It is cle; or gumir;v, or of disagree: Its o.-.e absolutely ins ant, beautiful head of hair 50 Cents F THE "REXALL" If you get a bottle of this not cure you, bring the empt] dissatisfied, and we'll return this guarantee and we Hue u We'll give the cntira J whoovor ask# for it. GILDER & WEE >irgilt.\ ();:( til' mir abundance, is enrich and mal^e glad the unf< unato, realizing that the greatest 'hristian virtues is charity. "And let us ever invoke the (ire liver of evory good and perfect gi or a continuance of his infini :ifulncss, that pence, prosperity ai lappiness may abide in the land ft ver.'? jUMBER?Itimgh and dressod, to gued and grooved of all kinds ai grades. Shingles, sash, uoors, blin* hit lis. roofing, roof puiuts, etc. large stock of good material upi wii'n-h I will meet all prices, ai strive i ? iii\u satisfaction. C. II. t'.annon. Newberry, 8. C. IOW ? DOWN ? LUMBER ai building material of all kind Flooring, ceiling and shingles of n irrados, sash, doors, blinds, lath mofinits, etc. C. IT. Cannon wi give the very lowest prices an meet all competition, lie is in 1\ small profits and large business. REGISTRATION NOTICE. Notice is horeby given that tli >oks of registration for ;hc Town <1 ewiierry. S. C., are now open, an ie undersigned as Supervisor n castration for tlio said town wi ?ep said horks open every day froj a. to., until ") p. m.. (Sunday e\ "UeiH including the 1st day of l)( inber, ]{)07. Kuir. S. Werts. Supervisor of Registration. 'ANTED?All your cotton seed a the highest market price. Scale and seed house at C., N. & T,. depot C. IT. Cannon. BEST BY TEST OF TIME?Par oid. Asphalt (iravel and Asbesto Spark proofroofing. I have studiei t lie roofin1.: <;nestii>n and will no s?dl any but the best. Come and so C. 11. Cannon, Newberry, S. C. ens XBKi-TOrwtmtirw ryjwsun unvmr/?. .tjxuhtxjli1 c air Food In lorld of hair foods on the ;hem has accomplished bis scientific remedy? backed up by such a aM lir Tonic stops falling hair, and e only real hair restorer s has been remarkable, s may have ("ailed you, an, pleasant?not sticky ible odor. aires a healthy, abundthat will last for life. *er Bottle GUARANTEE finir tonic and find it doe* / bottlo to us, say you are i your money. We make p to it. formula of tl?ia tonic to / EKS, Druggists iZZ STORE MBMBHnnMBiHiHBHnnnni 9 let )l'" i~ ?i pf ?i n?m. t ji ~ ?! I WE ARE ON | THE RUSH UNE P?A , IN OUR LINE Bf1 ( WIL ( y^mJTHE = I PLAY FOOTBALL, 1 10 6AME WE ALL PLAY ? S\J '([ LOT To Do WITH oVR S\ ,r YET OTHER.,S AL^o HAVE H OUR. .SUCCE.S.S. YOU CAN " ion or yourself, thi.s i - HAVE, BUT IT Wol'LD BE A OTHER.,5 To HAVE A Ciool OUHER.S <JUDflE YoU FIR.ST HOW EL.SE CAN THEY F i BECAUSE THEY -SEE YOU THEY HEAR YOU ,SPE/ " CLOTHED THEN, IN WHA - TAKE PART. ^oME OF 1 HELP YOU WIN: \ A 6ooD .SUIT A BETTER .STIT ' THE BE.5T .SUIT RE.SPDCTF E COR. MAI THE UP-To-TH XHXlBanaaearaacBwaazaaKaaKemKaMnraMiErantZTCinn Pacfv Your Crip THE ANNUAL FAI Will be Held Novei One Fare plus 25 cents on all \\ Grand Military Prize Drills and to participate. Firemen's Pa Contes s. Fourth Annu (Admission F FOOT BaLL-?Welsh Neck vs. Citadel vs. C< Street Carnival, Illumination of C Shows, Spectacular "Figr. Nightly on Mario Great Oeportn ?:OF:MOSELEY WHAT IS EC< Kconomy is a frugal and judicious us which spends money to advantage. K< ( great bargain sales. W'e have just returned from the Xon the market avd stcuring many excellent for the public to inspect our immense > ore. W'e have the new things, the : 1'iints from 5c. up, White Homespun 5< I up, complete line of Dry Goods r.nd noti I double width, at 5?^* i-s a g re at bargain, ./nit is' $2.50 u' $10.00, Boys' from 751 .hings in Hats and Caps, Prettiest Hn .save ever had Our experienced Noril trom the North, and ?nr immense stock ready for inspection, embracing the new mm. use line of Knruituie is now ;eady (iroceries, Hardware, Crockery ware, Ti is now complete. We have added a nev teis, and the bargain-, contained on tli 1 pie wonder hqe. we can s^ll goods so che 18 li s. best (granulated Sygar $1.00. J Machine $23.00' new Defender Machine ' tor 20 > ears. We hav e only two Organ n.'ke sj>e ial oil {<42.50, elegant tone* 1' e old reliable Iron King and I.Clnio Co t>. st-on the market. For every five dol choice on our bargain counter. MOSI3X.I3Y B3EIOJ Prosperity, 8. C. RE"50L.veD *t whether you pmy r BALLoR 5 Eur others y foot BALL You must )ressep RjCHT you l win out better I hi J came t&o play, if 1 wear. Good clothes. lUSTER BROVv/N | P/T~0 ?. CHICAGO THE RUiH UNS BUT THERE 1,5 ONE CCE.5.S. WE HAVE a JCCE.5,5 oUR,SELVE,5 A LOT TO Do WITH HAVE A GooD oPINS A GOOD THING To J BETTER THING TOR A ) OPINION or YOU. BY YOUR CLOTHED. "IR.ST JUDGE YOU? R CLOTHED BEFORE ^K. WEAR GOOD .TEVER GAME YOU PHE.5E THINGS MAY f .$10.00 I $15.00 1 , . $25.00 ULLY WART-PERRY Co., N AND COLLEGE .5T.5., E-M1NUTE DEALERS. LL FESTIVAL mber 18 to 23. ailroads for Round Trip. Parade. State Companies rade and Horse Reel al Poultry Show. i 7ree.) College of Charleston. ollege. ity. Band Concerts, Free iting the Frames" n Square. Store BROS. ' ONOMY? e of money?that manai;emtnt momy is best exemplified in our I hern markets after searching t bargains. We are now ready slock in our great department niie thin.s, the cheap things. up, Checked Homespun 5c. ions. Our Imperial Broadcloth, Men's Suits $3.50 to $15 00, \ to $6.00. New and nobby e of Rugs and Art Squares we icrn Milliner has just returned of f.ishionable Millinery is now ' and up to date things. Our for inspection. Our stock of 1 links, Valises and Woodenware v feature in ioi\ and 25c. connn is creating a sensation. Peoap. We mention a few specials. s*o?v drop ht-ad Domestic Sewing , drop bend, $17.93, guaranteed is lelt, and to close them out we (, oak and walnut. We handle oking vStove, beyond doubt the lars you trade we give free one ' <? Si., THEY vSIClyT, FOR I,HSS. t