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STATE LOAN "CONTROVERSY." Treasurer Jennins Sizneld on Date Stated in His Card to Press--Oth ers Subsequently. Columbia, April 294.-A copy of the notes for the loan of the -50.000 was furnished today at the office of the State treasurer. The notes are dated April 20, which was before Uovernor Blease and Cashier J. Pope Matthews went to New York to secure the mon ey. It has been stated that the notes were "executed" before Governor Blease took the trip to New York.. The notes were drawn up on April: 20. but according to Gov. Blease's + entthe three signatures could not have been signed on that date. How it Was Done. From the treasurer's office tae notes went out with the State treas urer's signature; then they were tak en to the office of the Secretary or State, where ti seal of the State wac affixed. Chief Clerk Carter, of the treasurer's office stated today that, inasmuch as the notes, as drawn, would iot be good without 'he three signatures, (the governor's, the State treasurer's and the comptroller gen evai's) that department (the treasur er's departinent) was not furth - con cei ned, and turned them over to Cashier J. Pope Matthews, as stated in ')apt. Jenrings card to the press. The notes themselves are so drawn as to make them no good unless the three signatures were affixed. Gover nor Blease states that he did not sign the notes until after the loan was fin ally negotiated in New York; there fore the notes could not have been executed before that time. There are six notes, four at $100,000 and two for $50,000. Governor Blease being out of the city today, he could not be furtheri seen with regard to the transaction. I The following is the form of the notes, a copy being furnished the press today: . Form of Note. "Executive department of the State of South Carolina, $100,000.-Colum bia, S. 0., April 20, 1911.-Under and by virtue o'f an Act of the general as seinibly of the State of South Caro lina, entitled 'an Act to make appro priations to meet the ordinary ex penses of the St'ate government for the fiscal year, commiencing January 1, 1911, and to provide for a tax suf fi.cient to defray same.' "The State of South Carolina, by Cole. L. Blease, governor; R. H. .Jen nings treasurer, and A. W. Jones, comptroller general, on December 31, 1911, promise to pay to the order of J1. P. Matthews, the sum of one hun dred thousand dollars, value received. at the Hanover National bank, in~the city of New York, with interest, after date, at the rate of 3 per cent. per annum. "In witness whereof, the State of South Carolina has caused these pre sents to be executed by Cole. L. B!ease, governor; R. H-. Jennings, treaurer, and A. W. JTones,. comptrol ler general, and the seal of the State~ to be attached day and year above written. "State of South Carolina, " ,Governor. " ,treasurer, "Comptroller Genteal. (Not signed in copy.) The details as to the bids from the several banks for the negotiating of the $500,000 loan, the awarding of the same to the Pahubetto National bank of this city, and the other information* in regard thereto, appeared in The News and Courier on the day after the award. THAT HALF MILLION LOAN. Gov. Blease and Treasurer Jennings Make Statemnents.-Slight Tar iance. Columbia, April 28.--Following a. statement by State Treasurer Jen nings today, on the half million dol-, Jar loan made for the State govern ment, Governor Blease this afternoon, made a statement, in which he differ .ed from Capt. Jennings in one partic ular. Capt. Jennings said in his state mient to the press that the notes were. executed on April 20. Gover.nor Blease states that Capt. .Jennings is mistak-, en in this and that the notes were, not signed by him until after he and Cashier J. Pope Matthews h,ad seen: the bankers in New York and arrang ed for the loan. Governor Blease made the further statement this af-. ternoon that. fofllowing the conference at which he. Comptroller General Jones and Treasurer JTnnings took~ part, the trip to New\ Yor .was dis cuISyn. HeI :sk'd that Ca p.Jnin zo. it holmsg stat~d to th governr that one State official shoni go. Capt. a reason for not being able to go. and nhe Zovernor 'ho, felt at his dm: to zo to New York~ to r'p:nra the State. Th'? foling is Sta Tr.anirer Junning's statement: "Inasmuch as some erroneous com ment has been made in regard to the money rec.ently borrowed by the State, as required by law, I respeet fully submit the following statement of facts in connection therewith: Af ter due notice, the bids by the s.,veral banks for the loan to the State of $500,000 were submitted on the 17th of April. These bids were considered by thE governor, comptroller general and State treasurer on trie 19th, and the award for the loan was then-made to the Palmetto National Bank, their bid being 3 per cent. with allowance of I per cent. interest on the average deposit during the life of the loan, which would reduce their rate to: about 2 1-4 per cent.; the bid of the Germania Savings Bank, of Charles ton, was 3 3-4 on $200,000 for six: montbs, or 4 1-4 per cent. to January 1, 1912. These were the only bids made. "On the 20th of April notes were executed for $500,00 at 3 per cent. and! delivered to J. P. Matthews, cashier of the Palmetto National bank, to whom the award had been made. We' know of no agreement by which de posit of these funds will draw inter est. During my administration it has never been necessary to leave on de-, posit any amount of funds borrowed. In 1908 we borrowed a portion of the money for the State at 3 7-8 interest.i In 1909 the money was borrowed at 3 per cent. as it was needed, which is the lowest rate during my administra-; tion." SOUTH CAROLINA'S CREDIT GOOD Gratifying Information Given Gover nor Blease in New York. Columbia, April 27.-That the State will be able to get a good deal in' New York, when the State bonds are refunded in 1913, is the assurance that was giver Governor Blease by the Northern bankers, on his trip to the financial center. It was suggest ed to Governor Blease that the legis lature pass an act limiting the amount of interest to be paid for the' money had, say to 4 per cent. and thus very ciheap money may be had.' Alabama's experience, where an act was passed worded so as to say that the mon:ey should not- be obtained at a rate "of less than" a certain per cent. was pointed out to the governor as an example of the passage of a~ dangerous act. Should the State pass, through its legislature, an ap propriate act, Governor Blease be leves cheap money will be had- for the refunding of the State debt. Governor Blease was pleased to find out in New York that this State's credit is regarded so highly. The bankers told him that if the matter of refunding the debt is arranged properly and the legislation suggested passed, the State will come out well in the bargain. Governor Blease was gratified to se cure, with Cashier Pope Matthews, in New York, the loan for the running of the State government at as low a rate as 3 per cent. This, is the cheapest money had since the admin istration of Governor Heyward, when some 3 per cent. nmoney was had. There are no strings tied to the $500, 000 loan. In some cases it had been necessary to leave on deposits 20 per cent. In this case such a clause is not in the contract. Also, while the money, in part, is on deposit here and being used it will draw interest for the State, thus further reducing the net cost of the loan to the State. The appropriation bill shows that the State is paying interest on its; bonded debt as follows: Interest on $5,601,281 R. B. C., at 4 1-2 per cent. amounting to $252,057.67 interest on $400,000 blue, at 4 1-2 per cent. 18,000; added to this are four minor terms on Clemson stock and other items. Thus, about $6,000,000 is represented in the bonded debt. Fifth Annual Horse Show Greenville, May ,".11, 1911. Accounts of the above occasion, the Southern railway announces very low round trip rates, tickets sold May 8, 9, 10 and 11, 1911, good returning un til May 12, 1911. For detailed infor mation call on ticket agents, or A. H Acker, T. P. A., Augusta, Ga.; J. L. 'ek, A. G. P. A., Atlanta, Ga. Thirty Years Together. ?hin~y years of association-think of it. How the merit of a good thir.g staids out in that ime-or the worth lessness of a bad one. So there's no guswork in1 this evidence of Thos. Ariss, Concord, Mich.. who writes;: "I hav used Dr. King's New Disco.v ery for 30 years, a.nd its the best cough ami cold cure I ever used." One~ it finds entrance in a home you 8na pry it out. Many families have u s-d it forty y.kars. 's th''e mjost 'in faNlUe t1roarUN an 'un med'i'n on earth. UneguOed cor laripp, asth lungs. Price -~0c, 8301 OI free. Guaran.teed by WE. &, Snn.. If You Wani SEE When a N Farm or ' r . HE MUST) , S2. CONSIDER ' These Things ' The first thre #(met" by our v farm and city,0 . fourth we ask ly INVESTI( Space will not I but a few of our bar find what you wail farn and city "cata 453 Acres. The price needed for the sale of th town. Good dwelling a $12.00 per acre. 400 Acres. Well tim, county at the price. WE 46 Acres. Every foot Just 5 miles from the Co The Newberi and Rea1ta E. H. Aul, President. If You WanI SE L 0UOO")" OUR PRICES YOU CAN'T From the fact that e'i gets a .square deal or n actly what you are b WE SELL TRtL tnat's the whole story. W and as little as poss;ible, so t Our Goods I Our Prices I We therefore truthfully ciai a BARGAIN TRADE FO offer bears the same relatior that a Diamond does to oth' chief of all. Some dea!.us< gain'' and trust to the nam< Our Bargains Are Gent And best of all bargains off< prove to you that you can s us than any where else. O. K LE ITHE FAIUR-SQI CH A RLO T Ti From Now Unt Baseball Cash Must Acc< T he OBS ERVI Observer Building to Sell Land US Ian Buys a a Home The Location The Acreage The Price The Agency e questions are ery large list of oroperty. The you to careful "ATE. Permit us to mention gains. If you don't - below, write for'our fogue". is the only advertisement [s place. Five miles from nd tenant houses. Only )ered. Best farm in the will sell at $5 per acre. can be easily cultivated. urt House. Price $1,700. ry Insurance jCompany Paul S. Halfacre, Manager. to Buy_Land 'Us ARE THE BEST THE LOWEST GET AWAY ~ery one trading with us othing. We tell you ex ying, or in other words, ITHFUL GOODS try to make an honest 7profit hat the buyer may come back. tre All Right are All Right m that every trade with us is R YOU. Every bargain we to ordinary so-called bargains r stones-it is the king and :hristen any tbimg as a "Bar a to sell it. me in Name and Nature ! red. Comc at once. 'We will ae more money trading with T TNE R, LJR4 DEALER. BOBSE RVE R i the End of the Season for .50 mpany All Orders R COMPANY Charlotte, N. C. SUMMER & HIPP'S *** * * * * * * * * * * Summer and Hipp Piano Contest. * * * ** *** * ** ** ** * In the piano contest conducted by Summer & Hipp, the following is tha standing of the candidates: Dosha Franklin, city.. .. .. ..52,640 Mary Hardeman, City.. .. ....11,230 Mary Yocome, Mollohon.. .. ..10,400 Daisy Milstead, Mollohon.. .... 7,000 Laura Lominick, City.. .. .. ..60,190 Lizzie Earhardt, City.. .. .. .. 1,000 Lossie Mae Boozer, City.. ..229,130 Willia Mae Wise, Prosperity .. 7,000 Annie Singley, Slighs .. .. ..185,475 Annie Mae Bedenbaugh, Sligs.194,630 Vera Boland, Little Mountain. 1,000 Ellie Jacobs, Little Mountain..14,041 Cora Sheely, Little Mountain .. 6,248 Maud Setzler, Pomaria.. ....23,391 Anna Koon, Pomaria.. .. ....21,180 Helen Hentz, Pomaria, R. F. D. 2,000 Annie Eargle, Pomaria.. ......1,000 aura Suber, Pomaria.. ......8,141 annie Mae Sease, Newberry, R. F. D... .. .... .. .....--..13,954 oe Caldwell, Neiwberry, R. F. D. 1,000 ayme Cromer, Newberry, R. F. D.. .... .... .... .....37,892 DAILY BI Carleston, S. C.,i S0VIA iN CONNE2' Cincinnati, New Orleans A Hligh lass, Modern, consiSt ombined Baggageland Smok Pullman Drawing Room Observation.Car, and .Offering thejFoIIowingi Lv. 9.00;a.[m..-...CHARLES'I Lv. 9.38'a. m.-....SUMMERV r.12.50 p. m._.COLUMBIA Lv. 1.00 p. m..COLUMBIA Lv. 4.15 p. m...SPARTANE Lv. 6.35 p. m...HENDERS( Ar. 7.34 p. m....ASHEVILL Lv. 6.50 p. m...ASHEVILL: Lv. 11.35 p. m...KNOX VILI Lv. 7.10 a. m...-.LEXINGTC r 10.00 a. m..-..CINCIN Immediate connection at L rlle and St.!Louis, andlat din St. Louis, Indianapolis, Detr( For detailedi informatior call on nearest TicketiAgent, J. L. MEEK, A.G.P.A., W. E. McGE Atlanta, Ga. Charleste E. H. C0APMAN, V.P.&G.M., S. H. HA wahiton, D. C. Washi CONTEST PIANO Novice Brown, Newberry, R F D 1,0 0 Kate. Henderson, Blairs, S. C. R. F. D.. ...........-.-5,260 Rena Whitney, Blairs, R. F. D.. 8,032 Mary Hardy, Blairs, R F. D. ..10,654 Nanny Eison, Blairs, R. F. D... 1,000 F'rances Jeter, Whitmire, S. C... 1,000 Winnie Henderson Whitmire.... 1,000 Edith Folk, Jalapa ........193,312 Mary Brown, Newberry, R. F. D. 1,438 Marie Wendt, Newberry, R. F. D. 4,447 ssie Wilson, Newberry, R F D..5,260 Willie Riser Chappells, R. F. D. 1,000 Nina J. Atchison, Chappells... 9,060 Maggie Livingston, Newberry, R. F. D. No. 4.. .... .... 1,000 Pearl Schumpert, Newberry, R. F. D. No. 7.. ..3.. .... 3,34 Maggie Livingston, City.. .. .17,224 illia Ringer, Pomaria, R F D...10,326 Maggie Bobb, City.. .......-1,000 Ola Brown, Newberry, R. F. D. 1,000 Clara Gibson, Prodperity, S. C...10,604. Eula RAy Sligh, Pomaria, R F D 1,000 Ida Coleman, Silverstreet.. .. ..12,162 Lucia Hazle, 'Colamans, S. C... 1,000 thel Crumbley, Colemans, S. C. 1,000 Ella Summer, Newberry. .. .. 25,126 da Glenn, Salida, S. C... .. ..4,49* attie Glasgow, Jalapa, S. C... 8,40 aura Eargle.... .... .....2,300 ell Harmon.. .. .. .......184,590 ay Lake, Silverstreet...- . .17,450 aSpecalt TWEEN HE SRAILWAY, 10ON WITH *. a exas Pac fc Rwy. 4 Solid Vestibule Train, ngof ng Car, First Class Coaches, Sleeping Car, Pullman DiningCar Service, ly Lighted. ovenient Schedules: ON (E. T....Ar. 8.45p.m LLE.-.-Ar. 8. 05 p n .........Lv. 4.45p.n ...Ar. 4.35p.m RG.._-- Ar. 1.40 p. in. NVILLE.... Ar. 11.20 a. mn. (E. T.)......Lv. 10.25 a. m. ~(C. T.)....-.. Ar. 9.15 a. mn. E .__- Ar. 4.45 a. mn. NT ___ Ar. 9.00Op.im. ATI ._..-Lv. 6.30Op.im. ~xington for and from Louis cinnati for and from Chicago, dt, Toledo, Columbus, etc. ,Pullman reservation, etc., - or address E, D.P.A., A. H. ACKER, T.PA, n, S. C. Augusta; Ga. RDWICK, P.T.M., H. F. GARY, C.P., .ngton, D. C. Washington, D.!C.