The herald and news. (Newberry S.C.) 1903-1937, November 17, 1911, Page SIX, Image 6
WICKERSHAM ADMITS IGNORANCE
Enows Only Bull Methods in Cotton
Dealings-Asks for Information
Concerning "Bear Pool."
Washington, November 13.-Re
sponding to a request made by Repre
sentative Wyatt Aiken, of South Caro
lina, that the federal government un
dertake the prosecution of "bears,"
who it is alleged are engaged in de
pressing the price of cotton to the
financial detriment of Southern pro
ducers, Attorney General Wickersham
frankly admits he does not understand
workings of a "bear pool," or how such
a combination could operate in re
straint of commerce.
In correspondence inri de public to
;ay, it is st-tt:d by the attorney gen
eral that he has no tangible evidence
of the existence of aqri such pool- and
requests Mr. Aiken t0 furnish him in
- -formation.
The government's counsel, in con
nection with corners, Mr. Wickersham
intimated, would be governed largely
by the decision of the supreme court
in the pending case against alleged
bulls," charged with cornering the
market to increase its price.
Should Work Both Ways.
Mr. Aiken declares that if the gov
ernment had the legal right to proceed
against a combination of specula;tors,
whose purpose was to force up the
price of cotton, it has the same legal
right to prosecute a combination
seeking to depress the price of the
same commodity.
"It is certain," he added, "that bear
pressure on Wall street has forced a
decline of fully three 'cents per pound
in the future market, thereby robbing
the South of approximately $105,000,
000 and giving it to foreign spinners.
This decline has been brought about
by the bear element overselling the
market, publishing filse or mislead
ing statements and combining to keep
buyers out of the market"
The attorney general agrees with
Mr. Alken as to the general proposi
tion, that if cornering a product to in
cite. price is -illegal similar cornering
to depress the price is likewise illegal.
Following are the letter of Repine
sentati (e Aiken to Attorney General
* Wickersham and the latter's reply:
Mr. Alken's Letter.
Abbeville, S. C., Oct. 31, 1911.
The Hon. George W. Wickersham,
Attorney General; Washington, D. C.
-Dear Sir: I notice that the -case
aga.inst the Wall street "bulls;," charg
ing them with cornering cotton, is
still in the courts, and assume that
you will push the prosecution toa
conclusion.
While I do not concur in the opinion
that it was the proper function of the
gd#ei-nment to- interfere with the- en
b' ageed value of a commodity that
miitso much for the wealth of this
country, I assume that you can justi
fy. the prosecution legally.
If then, the gov'ernment had p,legal
right to proceed against a combina
tion of speculators whose purpose was
to-force up the price of cotton, it, fol
lows that it has the same legal right
to proceed against a combination
whose purpose is to force down the'
price of the same commodity.
*Of the Amer'can cotton crop, appio-t
fifmately one-half is sold in foreign
markets. A decline of two cents per
pound means the loss to this country
of $60,000,000 and to the Southern far
-mer of $120,000,000. It is certain that
"'bear" pressure on Wall street has
forced a decline of fully three cents
per pound in the present market,
- thereby robbing the South of approxi
*mately $105,000,000 and giving it to
foreign spinners. This decline has
*been brought about by the bear ele
-ment overselling the market, publish
ing false or misleading statement, and
combining to keep buyers out of the
market. With no extensive knowledge
of exchange methods, I think it is safe
to say that if a combination may ad
vance the market, a combination maya
likewise depress it, and the fact is, it
is now being done.
;Then should not the government in
terpose? If it was right in the former
instance it is right in this; and when
the wealth of the nation is threatened
and the competency of Southern
homes is being absorbed by the for-*
eigners, should ndt the government at
.least place the weight of its influence
and power with its own citizens? An
investigation of "bear" tactics would
probably reveal ample ground fo
criminal action against the leaders and
prosecution would probably dissolve
the unfair combination and allow cot
ton to resu-me its normal price. At
*any rate it seems incumbent on the
government, in the premises, to throw
the weight of its power with the peo
This letter is not written in any
N raping spirit, but in the hope that you2
ge s the other side of the question,
as the cotton producer sees it,
use the arm of the law, as far as p
sible, for their relief.
I would be glad to have an expi
sion of opinion from you, as to whE
er such a prosecution would, in y
judgment, be entertained by the co
and if it would, what likelihood th
is, if any of the department of jus
taking such a step.
Living in this' section where cot
is the prevailing crop, it is a great
appointment to me that the produ
should be robbed of his legitimate p
fit on that crop. If the governm
can extend any aid, it could ne
come more timely.
Respectfully,
Wyatt Aiken, M. C
ENGINEER IS KILLED
I WRECK NO.
William Kinney Meets Death In ]
railment Near Greensboro-Sevei
Coaches Leave Track.
Greensboro, N. C., Nov. 13.-Eng
eer W. A. Kinney, the last of f(
brothers to be claimed in railv
wrecks, was killed and several tra
men and passengers were slightly
jured near here today when the sou
bound (No. 37) New York, Atlanta a
-New Orleans limited on the South(
railway was de,railed. Seven cars I
the track and turned on their sid
The escape of the passengers is
tributed to the fact that all the c;
were of steel construction
. The accident occurred while I
train was running about 65 miles
hour and was caused by a spreadi
rail. Fortunately the cars turned
ward an embankment. Had they tu:
ed to the other side they would ha
toppled into a ravine and the loss
life undoubtedly would have be
great .
Among the most seriously injul
are td. Towns, fireman, of Spenc
N. C.; A. M. Shaw, Charlotte; R.
Arrington, negro porter; D. Line, B
timore, and Hen-ry Mowyer, Greei
boro. These, with the passenge
were brought here on a special tra
Engineer Seemed to Bear Charm
Engineer Kinney had seen serv:
with the road a long time. He b
been in a number of accidents, 1
was favored with charm of his fain
until now. His brother was kill
near Lexington eight years ago, a
his father was forced to retire afl
eing severely scalded. The famn
had probably' been in more accidei
han any three engineers 'in the Sta
The train carried about ten ca
all solid steel, and seven of the nu:
er left the track.
The Train Running Late.
The train was half an hour late a
running at a high rate of speed wh
he accident occu'rred. But for t
act that 'it was~so'lia 'Pullman tra
>f steel coaches, the result might ha
een different.
Mr. Kinney lived at Thomasvil
V. C. He was unmarried, but is si
ived by his father and mother.
Mr. Kinney was running the engi
hat killed Samuel Spencer thi
ears ago this month, and has be
n other wrecks. Two other membe
f his family, both endipeers, ha
et a fate similar to his. He was o
>f the most -popular men on the ro
and a member of an illfated fami
ll popular men, running the very f
st engines which iat various tin
arried them to their death.
1IflMAN1A. SIS99118-A8010OS -e
STATE OF SOUJTH CAROLINA,
COUNTY OF NEWBERRY.
Frank M. Schurmpert, Probate Juc
and Public -Guardian of Willam
Hatton, a minor,
vs.
Robert Norris, individually and
Executor of the Last Will and T
tament of Mrs. E. H. Norris, dece
ed, et al.
NOTICE TO CREDITORS.
Any and all persons holding cl.ai
against the estate of Mrs. E. H. N
ris, deceased, are required to ren4
unto me, at my office, tneir acconi
duly sworn to, in the above entit
action, on or before the 20th day
November, 1911, and are hereby
joined from enforcing their accou
in any other court on proceed1ings
H. H. Rikard,
Master for N. C., S. C
Master's Office, Oct. 23, 1911.
10-24-St-1t.aw.
NOTICE TO CREDITORS.
All persons having~ demands agai
the estate of Osborne L. Schump'
deceased, will render an' account
the same, duly attested, to the und
s.igned by November Z0, 1911.
Mrs. Ma-mie mz. schumpert,
1 -24-t- m Admniwe.i
COLUMBIA, NEWBERf
th
irt,
ere
Aice
to-Sale of Un
cer
ro
ver
]Refused
37
)em By direction of the Freight Claim Ager
Ir
day November 25th, 1911, at the Colu
- warehouse Newberry, S. C., for freight a
ra claimed and refused articles of freight.
I ity, quantity or value.
,nlSale will commence at 10 o'clock A. M
Newberry, S. C., October 24th, 1911.
es.
at
at No. Article. Marks. Destination.
1 1 barrel notions ... ... ..R Satterwhite... . .....Kinards, S. C.
2 1 box et ware... ... ...E Boyd... ...- .......Kinards, S. C.
he 1box ct ware and notions..... ... ... ... -. ...... ... ... ... .....
an 3 1 box scales... ... ... ...... -- - . ... - ... ...Laurens, S. C.
ngr 4 1 s machine ... . ... ....J. C. McMillan... ... ... Clinton, S. C.
to- 1 box a feed ... ... ... ... .. .. . . -. -. - - -
-n- 5 3 barrels cider... .....J. B. Shealy..... ......White Rock, S. C.
1 box -measures... ... ....... . ..... .. ...... .. -
6 1 p huller... ... .. ....H. J. Corley... ... .....Irmo, S. C.
ofl 7 3 boxes medicine ... ...W. E. Lorick... ... ...--Irmo, S. C.
en 1 box calendars... ... .. ... .. .. o-" " -g -" ...
8 1 ert h rack..........Mrs. Julia Lake... .. ...Newberry, S. C.
ed.9 2 galv tin tubs...... ... ....... ... - -- --- --- *-Irmo, S. C.
10 1 case washing .powders..... ... ... .... . - - -..Irmo, S. C.
er, 11 5 pails atood..... .....J. P. Watts... ... ... ...Irmo, S. C.
F. 12 2 cases poultry food .....W. B. Bouknight... ... .Ballentine, S. C.
al- 1 bundle whips...... ..... ... ... .. ...... ... .... .....
Is- 13 1 soda ftn base... ... ...J. P. Taylor, claim 3487..Columbia, S. C.
rs, 1 Soda ftn top. ... ........ ... ... - .. - '"'' '" "- "-o"-"
1 crt marble slab... .... ......-- --- 00 - --... ... .. .
14 10 bundles ties... ... ...... - -. White Rock, S. C.
1 bundles pots... . D... .....-------.".." ... ..."-- . - " -""
e 15 1 package blinds... ................. ... ..Irmo, S. C.
ad 16 1 sack rice... ........-.J. Clark... .........Chapin, S. C.
ut 17 1 box paper ...... ..-.-------"-.---.-----.-.Columbia, S. C.
1 bundle paper... ... ...... ..-.-.. ---.-----.-.-.--.-.--.-.-...
ily 18 2 sacks meal............. --- -- .--.......Laurens, S. C.
ed 0 1. sack flour... ... ......C. H. Gasque, claim 3138.. Laurens,-.S. C.
nd2 1 sack sugar... ... ....C. H. Gasque, claimfl 3135. Laurenls, S. C.
;er 21 1 package oil cloth... ...C. H. Gasque, clai-m 3125... ... ... ... .....
iy 22 1 -bundl'e r chairs... .. .. J. H. West... ... ......Newberry, S. C.
23 1.sack corn......... ............------ .-- .--.-Laurens, S. C.
24 1 pair shafts... ......Counts & Shealy...... ..Little Mountain, S C.
te- 25 2 sacks meal... ... ... .C. H. Gasque, claim 3098.. Laurens, S. C.
rs, 26 2 sacks flour. .... .....C. H. Gasque, claim 3097. I.aurens, S. C.
S27 1 bundle b .bags...-....... ......... ... .....--Chapin, S. C.
28 1 sack peas... ... ... ..........-- --------.. -*...Chapin, S. C.
29 1 case e ware... ......- ....-........-------- Chpn S. - 0
30 2 bags sugar... ... ....C. H. Gasque, claim 3067.Laurenis; S. C.
pd 31 1 basket 'beer... ... ..... Roberson... ..-.....Newberry, S. C.
en 2 1 bag sugar... ... ... ..C. H. Gasque, claim 3058. Laurens, S. C.
33 1 sack sugar... ... ... ..C. H. Gasque, claim 3061. .Laurens, S. C.
h34 2 sacks flour... ... ....C. H. Gasque, claim 3069. .Laurens, S. C.
,35'1 show case... ...-.-.. ..Mss M. Wilkinson......Columbia, S. C.
ye 36 1 bag groceries... ... ..Lottie Green... ... ... ..Newberry, S. (JC
37 1..barrel ehina clay... ...............---Lairienis, S. C.
le, 1 barrel magnesia... ..........--.....-.-.-.---.
38 1 barrel paint... ... ...J. P. Sao ...... ....Clinton, S. C.
1 case paint... ... ............---....--...---..--.---..-..--.
39 1 coil wi....... ... ...J. L Rainey... ... ... .Newberry, S. C.
ne 40 1 crt marble.............---.----..-.-.--''Columbia, S. C.
ee 41 1 lot pump parts...................---------Columbia, S. C.
1 box starch, lot g castings..... ........ ....--.-.-.-.-.-.-.
en 1 roll paper, 5 spiders. ........ .. ...... ....- .------- .-- .
s 4 pieces ibeds,..... ..... ........... ...- - .--.-.-.-.''.".-.
ye 1ibundle wire.... ... .........-.--..---..---..--..'.'..-.
ne 42 1 bundle slats, 1chir framne...... .... ... .......Columiibia, S. C.
ad1lox crackers... ... ..........---.---.-.---.---.---.---.-.
ibundle castings... ... .......-- .. ---.---.--.-----.---.---.--- .
CL,TON FTWXTXS
Bokeso teTonofNwbr-,S
C..owllwitoph mromthedeth tyio
Octobr,o191,wtotheputrdayofeDe
cember,y911,ththeiilueie.lAsenag
It.'s tguarantreenedil btadeoate
Ced THE.R T-TAYLOR CO
of NEWTCEOF .EANS,ETTS.EA.
All and siglthe reditorst asamiitrtr tthhstteo0
lat T eh. Pool,dare erebyt requir-,dcesd,i tePrbt
ed to renderotoNJ.bA.rBurCon,texecutor
ort our eattor ey,Go Soer arln,oDeebr1,9(,at1
sttmeto thedeand to l o'lc ntht-eon adwl
estatestedllsfileireame, as, requilldpar
ldRL-TYOColaw,t,dallpsos indebteddrereoirdsaidak
ofentayment heounhersindeorsiiseat
EXECUTOS NOTIEeu. SuhCao.a
late ench . PootiareherebheererbyAgiv ntratohrTa
I e torener o J A.BL excu o oks fobrry the Town No. Newberry, S.
statementl be tpenrIromathe 15th day-of
~rt tes ndbte ae equre tomae Otober,191 tOF theB1st dao Ce
of pamenbeor,h19ndes,gne.th inlv. A enl
er-1 CarrieRA.SPuol.,
Execur~x. Notice is- hereby given that the un- t
3. A.Biiroii,dersigned will make aicattiemnt
I Bxeutr o Tech . Pol, c.CourHtn Gorg NWb e, Cirut Sugeh
Y & LAURENS R. It
:Iaimed and
Freight.
it, I will sell at public auction on Satur
mbia, Newberry and Laurens freight
ind other charges, the following un
Goods sold without guarantee of qual
L. Terms cash.
J. W. DENNING, Agent.
No. Article. Mark. Destination.
1 gun, - crt notions... ........ ... .. ... . .... .. *... ..
43 1 keg doko. .. .Heintz Ice Cream Par....Columbia, S. C.
44 6 boxes d marble... ...B. E. Miot... .........CdlumbI% S. C.
45 1 barrel brick... ......B. M. Hood... ...g....Clumbia, S. C.
46 1 oartton hh gds... .......... ........ ....LaurWn S. C.
1 case tomatoes... ... ........ . . i. ..... ... ... ....
1 bundle 4 handles ... ......... . ... ... ........... ...........
1 table leg, 1-2 bri oil ......... .. ..... ... .......... .....
1 box adv matter.. .. .....o.... ... oe .....g....- o....
47 1 bundle 3 tent poles... .M. E. Roseboro... .....Columbia, S. C.
1 bundle poles... ... ......... .. .......... . . .. . .....
1 pundle g pipe... ... ..... . ... ... . . .. .. . .0 .
1 box tents and stakes......... .. ... ... ... ........ ... ... ... .....
48 2 boxes medicine... ...J. T. McKenzie... .....Columbar S. C.
49 1 box medicine... ... ... B. J. Simpson... ... ...Columbia, S. C
50 1 case calanders... ....H. M. & R. J. Shelton....Colnha, S. C.
51 1 case calendars... ...W. T. Jones....... ..CoimbJa, S. C.
52 1 ice cream freezer... ......... .. ... ... ........Laurens, S. C.
1 bundle bags,... ... ......... .. ... . ... .
1 sack beans.............. ........... ......
1 folding chair............... .. ... .. o... ........ . ... .. 0
2 r chairs... ... ... .......... .. .... ... ... ..... .. .. . ...
1 crt t ware, 15 baskets......... .. .....................
53 1 box a food... ... ... ...C. H. Gasque File U 83..Laurerts, S. C.
5 pails food... o....... . . .. .. . .....0 ... ... .
54 1 box telephone supplies....... .. .........Clinton,. C.
55 1 crt castings... ... ................ ..... Clinton, S. C.
56 1 box p frames... ... ...J. T. Crosland... ... ...Laurens, S. C.
57 1 sack nuts.. .......... .... ... ......Laurens, S. C.
58 1 box e ware... ... ...B. E. Waits... ... .....Prosperity, S.C.
59 2 gratie baskets... ....C. H. Gasque, claim 3056. .Laaurensr,S. C.
60 4'boxes drugs... ... ..3...... .. ... ...........Chapin .C.
61 1 barrel dust down... ...C. H. Gasque, file U 81... Laurens, S. C.
62 1 bundle i p fittings.. ... .... ...... ... .Clinton, S. C.
63 1 stove... ... ... .....C. H. Gasque, claim 2953. .Laurene, S. C.
64 1 'box biscuits... ... ...C. H. Gasque, -2893......Laarens, -S C.
65 1 keg hot torn...... ...A. L. Howard.... .....Laurens, S. C.
1 box glasses........... .... .. ... ... ... ...... ... ... ..
66l1wheel-to freezer... ..... .... .. ... ... ... ..Lauren, S. .
67 1 pai-l candy... ... .....C. H. Gasque, claim 2973. .Laurens, S. C.
68 1 buggy body... ... ...C. H. Gasque, claim 2917. .La.urene, S. C.
69 1 tin sign....... ......C.. H. Gasque, U 79.... ... Laurens, S.. C.
70 1 box Ii h gds...... ...Roseland Little...... ...Clnton, S. C. -
71 1 box dishes..... ... ..Mrs. J. Byrd...... ......Clinton, S. C.
1 barrel dishes... ........ ....... ...........' .
2 3 -boxes e oil ..........., .**..... ... ... --*Columbia, S. C.
7 2 incmai; excelsior.. ....L. F. Andiersonl T.. .''Haon S
7i 1 case milk......... .... H. Gasque, claim 2931. .Lawens, &.8 .
75 3 cases b powder, ... ...C. H. Gasque, ena' 75I5.aiur9ns, S,. C
76 1 stove, 1 bundle pipe...... ...*... .. . ... ...Columbia;~ SC.
2 bundles. ware.... .... .. .... .. ... ... ... ...... .... ....
1 bundle pans.... ... ..... .... .. ... ... ... ....-.....--....
77 1 cook stove... .....Claim228...... ... ...Laurens, S. C.
78 1 heater.... .... .. ...... ...'........ .--LaUrenS, S. C.
79 1 farm 'bell... ... ..... ....... .. ...-.. ... -..Laurenis, S. C.
80 1 box clo, pina.........Woodruff Hdw. Co.. ..Columbia, S. C.
81 1'music cab... ... ......Claim 2789... ... .......La.rens S. G
82 1 grate sbasket... ......... ... ........Laurens, 'S. C.
2 kettles... ... ... ... ........ .. ... ..--........... -... ---
83 2 pieces bridge iron... . E. H. Leslie... ... ... ..Newberry, S. C.
Farmers,
We have just receive:1l full line
Lynchburg Turn Plows, Disc and ~
Smoothing Harrows. The best.
Stalk Cutter on the market -ready " *
for inspection.
A .special price on Stock Fencing.
Complete line Wagons and Bug
gies. Please call.
the Court of Common Pleas, atdrddlasec,onitgofni
ewberry, South Carolina, on the 21st teetialfensrcepicon .I
y of November, 1911, at 10 o'clock telf fterfte,telt a.
for forenoon, for the appointment ulBa,adasalaon fpr
the Judge of Probate of Newberry snly h admnr aen
aunty as Guardian of Sallie Beam, ageraortsmnay adinad
inor of the age of fifteen years, andnoftcmpetoresnibee
impson Beam, a minor of the age of sncnb on h ewligt
irteen years, both residents of New- asm h adtut
iry eounty, South Carolina, whbo areU.L ulh
atWed~dandesdtllarsaoetatwohuconsistiofan in
teres in alife nsuracepoicyo
. .sonlty.<. TheK&,j sai mior haen