Historical Newspapers of South Carolina

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(Conutinued from page two.) law. for they aroused the people. first to demand the enactment and enforce ment of state laws on the subject and then the enactment of the federal law, without which the state laws were largely ineffective. There must be the closest co-operation between the na tional and state governments in ad ministering these laws. Currency Legislation Needed. I again urge on the congress the need of immediate attention to this matter. We need a greater elasticity in our currency, provided of course that we recognize the even greater need of a safe and secure currency. Provision should be made for an emergency currency. The emergency issue should of course be made with an effective guarantee and upon condi tions carefully prescribed by the gov ernment. Such emergency issue must be based on adequate securities ap proved by the government and must be issued under a heavy tax. This would permit currency being issued when the demand for it was urgent, while secur ing its retirenant as the demand fell off. It is worth investigating to de termine whether officers and directors of national banks should ever be al lowed to loan to themselves. Trust companies should be subject to the same supervision as banks. Legisla tion to this effect should be enacted for the District of Columbia and the ter ritories. Yet we must also remember that even the wisest legislation on the sub ject can only accomplish a certain amount. No legislation can by any possibility guarantee the b}siness com munity against the results of specula tive folly any more than it can guaran tee an Individual against the results of his extravagance. When an Individual mortgages his house to buy an auto nobile he invites disaster, and when wealthy men or men who pose as such or are unscrupulously or foolishly eager to become such indulge in reckless speculation, especially if it is accom panied by dishonesty, they jeopardize not only their own future, but the fu ture of all their innocent fellow citi zens, for they expose the whole busi ness community to panic and distress. Can't Revise Tariff Now. This country is definitely committed to the protective system, and any ef fort to uproot it could not but cause widespread industrial disaster. In other words, the principle of the pres ent tariff law could not with wisdom be changed. But in a country of such phenomenal growth as ours it is prob ably well that every dozen years or so the tariff laws should be carefully scru tinized so as to see that no excessive or improper benenits are conferred thereby, that proper revenue is provid ed and that our foreign trade Is en couraged. There must always be as a minimum a tariff which will not only allow for the collection of an ample revenue, but which will at least make good the difference in cost of produc tion here and abroad-that is, the dif ference In the labor cost here and abroad, for the well being of the wage worker must ever be a cardinal point of American policy. The question should be approached purely from a business standpoint, both the time and the manner of the change being such as to arouse the minimum of agitation and disturbance in the business world and to give the least play for selfish and factional motives. The sole con sideration should be- to see that the sum t9tal of changes represents the public good. This means that the sub ject cannot with wisdom be dealt with in the year preceding a presidential election, because as a matter of fact experience has conclusively shown that at such a time It is impossible to get men to treat it from the standpoint of the public good. In my judgment the wise time to deal with the matter Is Immediately after such election. Income Tax and Inheritance Tax. When our tax laws are revised the question of an income tax and an in heritance tax should receive the care ful attention of our legislators. In my judgment, both of these taxes .should be part of bur system of fed eral taxation. I speak diffidently about the income tax because one scheme for an income tax was declared unconsti tutional by the supreme court, while in addition it Is a difficult tax to admin ister in Its practical working, and great care would have to be exercised to see that It was not evaded by the very men whom It was most 'desirable to have taxed. Nevertheless a graduated income tax of the proper type would be a desirable feature of federal taxa tion, and it is to be hoped that one may be devised which the supreme court will declare constitutional. The inheritance tax, however, is a far better method of taxation. The government has the absolute right to decide as to the terms upon which a man shall receive a bequest from an other, and this point in the devolution of property is especially appropriate for the imposition of a tax. Laws im posing such taxes have repeatedly been placed upon the national statute books and as repeatedly declared constitu tional by the courts, and these laws contained the progressive principle that is. after a certain amount I., reach ed the bequest or gift in life or death Is increasingly burdened and the rate of taxation is increased in proportion to the remoteness of blood of the man receiving the bequest. These priiiPles are r'ecognized already in the~ leading civilized i:stions of the wold of the emnire n portion of the pro ce is and penmaittig them to impose taxes in addition to those imposed by the imperial government. Small inher itances are exempt, but the tax is so sharply progressive that when the in heritance is still not very large, pro vided it is not an agricultural or a for est land, it is taxed at the rate of 25 pdt cent if it goes to distant relatives. There is no reason why in the United States the national government should not impose inheritance taxes in addi tion to those imposed by the states, and when we last had an inheritance tax about one-half of the states levied such taxes concurrently with the na tional government, making a combined maximum rate in some cases as high as 25 per cent. To Tax Nonresidents Higher. The tax should if possible be made to bear more heavily upon those resid ing without the country than within it. A heavy progressive tax upon a very large fortune is in no way such a tax upon thrift or industry as a like tax would be on a small fortune. No ad vantage comes either to the country as a whole or to the individuals inher iting the money by permitting the transmission in their entirety of the enormous fortunes which would be af fected by such a tax, and as an inci dent to its function of revenue raising such a tax would help to preserve a measurable equality of opportunity for the people of the generations growing to manhood. We have not the slightest sympathy with that socialistic idea which would try to put laziness, thriftlessness and inefficiency on a par with industry, thrift and efficiency, which would strive to break up not merely private property, but, what is far more impor tant, the home, the chief prop upon which our whole ,civilisation stands. Such a theory if ever adopted would. mean the ruin of the entire country, but proposals for legislation such as this herein advocated are directly op posed to this class of socialistic the ories. Enforcement of the Law. A few years ago there was loud com plaint that the law could not be in voked against wealthy offenders. There is no such complaint now. The course of the department of justice during the last few years has been such as to make it evident that no man stands above the law, that no corporation is so wealthy that it cannot be heWL to ac count. Everything that can be done under the existing law and with the existing state of public opinion, which so profoundly influences both the courts and juries, has been done, buln the laws themselves need strengthening. They should be made more definite,. so that no honest man can be led unwittingly' to break them and so that the real wrongdoer can be readily punished. Moreover, there must be the public opinion back of the laws or the laws themselves will be of no avail. The two great evils in the execution of our criminal laws today are sentimentality and technicality. For the latter the remedy must come from the hands of the legislatures, the courts and the law yers. The other must depend for Its cure upon the gradual growth of a sound public opinion which shall insist that regard for the law and the de mands of reason shall control all other influences and emotions in the jury box. Both of these evils must be re moved or public discontent with the? criminal law will continue. Injunctions. Instances of -abuse in the granting of injunctions in labor disputes con tinue to occur, and the resentment in the minds of those who feel that their rights are being invaded and their lib erty of action and of speech .unwar rantably restrained continues likewise to grow. Much of the attack- on the use of the process of injunction is wholly without warrant, but I am con strained to express the belief that for some Qf It there is warrant. This ques tion is becoming one of prime impor tance, and unless the courts will deal with it in effective manner it is cer tain ultimately to demand some form of legislative action. It would be most unfortunate for our social welfare if we should permit many honest and law abiding citizens to feel that they had just cause for regarding our courts with hostility. I earnestly commend to the attentio,n of the congress this matter, so that some way may be de vised which will limit the abuse of in junctions and protect those rights which from time to time It unwarrant ably invades. Moreover, discontent Is often expressed with the use of the process of injunction by the courts, not only in labor disputes, but where state laws are concerned. I refrain from discussion of 'this question as I am informed that it will soon receive the conisideration of the supreme court. The process of injunction is an es sential adjunct of the court's doing its work well, and as preventive measures are always better than remedial the wise use of this process is from every standpoint cqommendable. But where it Is recklessly or unnecessarily used the abuse should be censured, above all by the very men who are properly anxious to prevent any effort to shear the courts of this necessary power. The court's decision must be finaL. The protest is only against the conduct of individual judges in needlessly antici pating such final decision or In the tyrannical use of what Is nominally a temporary injunction to accomplish what is in faict a permanent decision. The president urges the passage of a model employers' !iability act for the nhit the child andl womnan labor evil. CP Now in i Just a We have now two stor First floor. Come to see line of merchandise thai Coods, Dress Goods, Sil and a full and complete ad Gloves. Will save BOY'S KNEE PANTS. 50 boys' knee suits, $1.75 kind, on .y $1.25. - 75 boys' knee suits, $2.00 kind, on y $1.50. 100 boys' knee suits, $2.50 kind, nly $1.90. 90 boys' knee suits, $3.00 kind, on vy $2.40. 75 boys' knee suits, $3.50 kind, on .y $2.90. 100 boys' knee suits, $5.00 kind, )ly $4.00. DOMESTIC DEPARTMENT. Here is whree we can save you ;onie money also. 1000 yds. good Sea Island, 6 1-4c. ] :nd, for 5e. per yd. 1000 yds. good checked homespun, ] ec. kind, for 6 1-4c. per yd. 750 yds. extra good chocked home ;pun, 8 1-3e. kind, for" 7 1-2e. per yd. 2000 yds. heavy white homespun, 3 1-3c. kind, for 7c. per yd. 1500 yds. good checked ginghams, 1-2c. kind, for 5c. per yd. 1000 yds. extra good checked ging hams, 8 1-3c. kind, for 7 1-2c. per yd. Also a big lot dress ginghams at 3 1-3, 10 and 12 cts. per yd. 1000 yds. good calieo bought before the advance at 5c. per yd. 1500 yds. good bed ticking, 12 1-2e. kind, for 10. per yd. 1000 yds. good A. Z. A. bed tick ing, 16 2-3c. kind, for 12 1-2e. per yd. 1000 yds. best A. C. A. bed ticking, 5. kind, for 18e. per yd. 1200 yds. Newberry mills drilling, l0. kind for 8c. per yd. A big lot of Lt. and D. K. percales, at old price, 8 1-3, 10 and 12 1-2 ets. per yd. Yours -Main Street, Inst abo' FORE T1ANSGVIN Celery. Head Lettuce, Cauliflower,. Cranberries, Raisins, Nuts, Phone to Theo. Lambry. Picture Arcade OPEN Under lotel Frederick Every Afternoon 5 to 10. Admission 10Oc. Under 12 years 5c. L1 :heir New S bove the C. e rooms or a double s us at ou new stores. i ever before. Will gu ks, White Goods, Emb line of men's and lad jou money on all these FLANNELS AND FLANNELET TES. At 10c. per yd. the best grade of ,uting including all the neat checks Lnd stripes. At 10c. per yd., plain colored out ngs, nice soft quality in pink, blue, ed and white. At 10c. per yd., 50 pieces flannel ,ttes, all new patterns. At 8 1-3c. per yd., 100 yards flan ielette in remnants from 2 to 10 yard engths. BIG SALE DRESS GOODS AND SILKS. We will offer positively the best )argains in dress goods ever put be ore the Newberry public. This sale rill include broadeloths, meltons, >anamas, voiles, mohairs, novelty heeks, stripes, plaids and mixtures n every shade that's fashionable. Browns, blues, grays, reds, garnets mnd greens. A beautiful line of Taffeta Silks Black and all shades at price 48c., '4c., 9Sc., $1.25. also a beautiful !line >f plaid silks at 50c., 89c., 98c., and 1.24 a yard. BIG SALE LADIES' AND CHIL DREN'S CLOAKS. $3,000 worth ladies' and children's !oaks. 50 ladies' cloaks worth $5.00, go .n at $3.98. 40 ladies' cloaks worth $6.50, go ng at $4.98. 60 ladies' cloaks worth $8.00, go Lng at $6.98. 75 ladies' cloaks worth $10.00, go ng at $8.48. 65 ladies' cloaks worth $12.00, go ng at $9.48. 23 ladies' clo.aks worth $15, going for More Busin e the Mower Co. Seourity of every kind, and for your fields when you buy fence. A fence ti for. You want weight in the fen< wagon." Now, it is a fact-and wire that is given in any fence, in AMER It is made on purpose to be the I sold in larger quantities than any The makers of 'AMERiCAN mills and six immense fence factos STAN We can show you this fence in the field, Come and see us and gc We have just i and Will be plea Also a fine linE received. Fresl tores in Mal a G. S. Mower tore, one t:: men and We will make it pay yo' arantee to save you m roideries, Laces, Ribbor ies' Furnishings and I lines. . at $11.48. 50 children cloaks worth $2.50, go ing at $1.75. 75 childi'en cloaks worth $3.50, go ing at $2.75. 60 children cloaks worth $5.00, go ing at $3.98. 40 children cloaks worth $7.50, go ing at $5.98. SPECIAL VALUES IN OUTINGS, BED SPREADS, SHEETS, TOW ELS, ETC. $1.00 bed spreads now only 75e. $1.25 bed spreads now only 90e. $1.50 bed spreads now only $1.20. A lot of good size sheets at 45e. A lot of 72x90 sheets at 62 1-2 ets. A lot of 81x90 best sheets at 70e. Very much cheaper than you can buy the sheeting. Big lot towels worth 5c., for 4e. Big lot towels worth 12 1-2c., foi S cents. Big lot towels worth 15e., for 11e Big lot towels worth 35e., for 22 1-2 cents. UNDERWEAR AND HOSIERY. We can fill the entire shelving ir one side of our store with underwea and hosiery. A big lot men's undershirts @ 2 cents each. A big lot men's 50c. undershirts @ 37 1-2 cents each. A big lot men's 60c. undershirts @ 45 cents each. A big lot ladies' 35c. vest @ 22 1 cents each. Ai big lot ladies' 50c. vest @ 31 ents =aeh. A big lot' ladies' 75c. vest @ 46 cents each. A big lot men's and ladies woo underwpar at cut prices. ess and Better V 4D BE of gowin crop, iswam o at n ta a bul ca -ra thog r ra o :eyuby wegh enuht tur th or hol knouta,pr rumL the celebrated .2 lOAN F ieaviest, most durable and lasting of any other two fences in the world, solely oni ENCE own and operate their own iron fes. Their product is the acknowledged DARD OF THE M our stock and explain its merits and 5up our prices. eceived a car lo sed to quote yoi of Guns and supply of Load IRiO SRf3 in Street,. Cos. I one for ladies, al: on i, and show you a better oney on Clothing, Dry 'is, Sh.es, Hats, Trunks, 'otions, Handkerchiefs 150 doz. men's heavy gray sox 8 1-3c. 125 doz. ladies' heavy grade hose 8 1-3 cents . 400 doz. boys' and misses' hose 3 pair for 25 cents. 25 doz. men's sox, fancy, 10c pr. 40 doz. men's sox, fancy, 12 1-2 cents pair. 50 doz. men's sox, fancy, 22 1-2 cents pair. 100 doz. ladies' hose, 10e. kind on ly 7 1-2c. 250 doz. ladies' hose, 12 1-2e. kind, only 8 1-3e. EXTRA SPEO,AL FOR NEXT 'WRTY DAYS-TWENTYYVE PER CENT OR ONEFOURTH OFF ON -ALL CLOTHING, SHOES AND LADIES' AND CHILDREN'S CLOAKS. CLOTHING AND OVERCOATS. $20.00 suits one-fourth off, $15.00. $15.00 suits, one-fourth off, $11.25. $12.50 suits, on.e-fourth off, $9.38. $10.00 suits, one-fourth off, $7.50. $8.00 suits, one-fourth off, $6.00. $5.00 suits, one-fourth off, $3.75. Also all ladies' and children's cloaks, jackets and furs, one-fourth >off, largest stock and best styles. I SHOES FOR LADIES, MEN, BOYS AND GIRLS AND ALL THE FAM ILY-ALL SOLID LEATHER AND GUARANTED. $5.00 shoes, one-fourth off, $3.75. $4.00 shoes, one-fourth off, $3.00. $3.50 shoes, one-fourth off, $2.63. S$3.00 shoes, one-fourth off,. $2.25. $2.50 shoes, one-fourth off, $1.88. $2.00 shoes, one-fourth off, $1.5Q. 4 $1.75 shoes, one-fourth 'off, $1.34. I$1.50 shoes, one-fourth off, $1.15. And so on down. alues. .Newberry, S.C.. lye Stock what you have a right to expect, wn is not worth paying good money eaviest Percheron or stop a " devil rod, you obtain the most weight in ENCE fence at any price. It is made and ts merits. mins and furnaces, their own wire. FORLD. eriority not cely in the sd inW b ad of this fence; Sprices. Ammunition jus ecd Shells.