Historical Newspapers of South Carolina

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A PliOtiRESSlYl- IDEA. I Charlotte Semi-Weekly Observer tries >ew Idea Which Troves a Big Success. New ideas in newspaper work are rare and any idea that proves a big success from the first trial is worthy of notice. The Charlotte Semi-Week ly Observer recently made an offer to the farmers by which any farmer could run any kind of a 220-wora advertisement free of all charge for three issues. On the date on whicli this announcement was made the paper had only two classified advertisements in the "Farmers Columns." Within four weeks the paper is carrying two full columns of advertising under this heading and many of them are now paid advertisements. After the parcel post went into effect a "Parcel Post Column" was opened up for the merchants and they are allowed a 20-word advertisement 3 times free of charge, with the result that the merchants have been attracted to the columns of The SemiWeekly Observer and they , are now ^ - J 1 i. VI rr using not only the ciassmeu uut uig space. The effect of the free advertisements to the farmers has been to stimulate them and every mail new brings new subscribers and the old 01 es are paying up gladly because they appreciate a good thing. The Semi-Weekly Observer gives the farmer all the best news of The Char-j lotte Dailv Observer and it is the aim| .. i of the Observer Company to make it the greatest semi-weekly newspaper! in the Piedmont section of the country. ^ i _ TWO FORMS OF (TKKKMY. "Essential Difference Between Bank >'otes and Money. The distinction between money, the | character and soundness of which is protected by the government regula-, +?nn and hanV not^ circulation, which j is essentially a part of the credit and! exchange system of a country, is ex-j plained in an article prepared for thej National Citizen's league by J. Laur-! ence Laughlin, professor of political economy in the University of Chicago. . "Not in frequently it is said in con nection with treasures for banking reform, that it is again public policy to iPfnAC +/-V O T1 ! aiiow a monopoly ui uute wo U^O UAI ; institution formed by private capital,! x and that the control over money al-j ways has been, and always should be, j a function of the sovereign state,", k says Professor Laughlin. "There has | Y been much vague thinking on this to- j pic, which of all others, due to its j basic importance, demands clearness, I penetration and good sense. "By their very nature banks are in- j stitutions for collecting and loaning inner onnital is necessary vaynai uu 'vruB ^ to production, banks render an unmistakable service to industry. What kind of a banking system we have is, then of direct concern, not merely to bankers, but to all borrowers, to producers (and labor and an evil system which entails injury always hurt most the jnan at the bottom. Vast Exchanges Without Money. "Our vast exchanges of goods?valued at billions of dollars?are performed mainly by checks drawn on deposit j accounts in cairns. **c uo V C CUV/ j standard, in which contracts and j I prices of goods are expressed, and in, " which our various media of exchange ; are directly or indirectly convertible,! "but gold is seldom used as a medium! of exchange. We have gold and silver j certificates, greenbacks and national; bank notes, but the amount of the; transaction in goods performed by i them is insignificant as compared with jf those performed by checks drawn on| * deposits. "A glance over the totals of the items for all national banks from 1866! <* tha nrASPnr dav. shews that the! 4?V l X* v_ ? v w increased business of the country has j been met, not by any significant increase of the note issues, but by an! extraordinary increase of the deposit-j currency?i. e., checks drawn on bank, deposits. While notes have risen from, about 300 million dollars to 700 mil-j lion dollars, deposits have risen from 600 million dollars to 4,400 million $ \ dollars, and the figures for banks out-' side the rational system strengthen; o, fr.T? thpv fssnp no notes I Ill IS MlUniUg, iVi and provide only deposit currency. 150 Billions Paid With Checks. "The real extenc of the use of the deposit currency as a medium of exchange can he approximately seen in . the amount of clearings. Transactions ft to the amount of over 150 billions are T performed annually in the United f States by the deposit currency as a w medium of exchange. In other words, I modern business has created methods I of exchanging goods by first expressI ing their worth in dollars; borrowing ; on their value thus expressed, which accordingly appears in a deposit account to the credit of the borrower, and on which checks are drawn to be used in paying maturing obligations 4 | Thus, goods on the way from the proiduc -r to the consumer are coined into ; means of payment. What (aoveriuiient Cannot Do. ! 'The State has passed j^neral leg\ islation about checks jus: as it has about contracts and the like; it deterj mines when a check is legal, and it j looks after forgery and similar acts; j but, within its supervisory sphere, it I leaves the amount and uses of the dei posit currency to the laws of trade and ' experience. And yet. as has been shown, this deposit currency is our I principal medium of exchange?which is an admitted function of money in all lands. One point then we must all ?3 ? :* mnrlorn hns. I iAUIiilt. J. UC ClUiUllUll ui uiuuv.1 ii iness has created media of exchange so connected with private transactions that they cannot, in common sense. ! This does not mean that the service should not be supervised by the state; it means that the State can not in any practical sense, directly perform the service itself. "If the government should not un-I dertake the work of private banking, (functions, it cannot create the deposit currency, our chief medium of exchange. This conclusion is too obvious to n-eed further discussion, but it I leads to something more. Bank Notes and Cheeks. "The particular service rendered by a bank note is very much the same as that rendered by the deposit currency. When a bank makes a loan, 1 - . ? .X its profit is the same wnetner 11 1 grants to the borrower its demand obligation in the form of a note or of a deposit account. The two differ, however, in some matters of duration and distance of circulation, which are well-known and obvious. But the borrower should have choice, without difference in expense, between the : deposit currency and the bank note. ! Because lie lives in a rural communi! tv, away from a city, and wishes to j use notes, there is no reason why his | medium of exchange should cost him more than the deposit currency does' the city man (as is now the case). Government Control of Money. "The sovereign control over money remains. Our gold standard and its direction lies above all private modification. It is patent that the proposed reform makes no change in the issue of greenbacks by the treasury. Whether wise or unwise, that question is not now raised. Likewise the issue of bank notes has long been permitted to the national banks, although the supervisory action of the State is ?iter cised in many ways under the national banking law, by regulations, examinations and the like. "The proposal to reconstruct the system of bank note issues, raises no new nor fundamental question. It is not a choice between government issues and bank issues. It is merely a matter of re-arrangement by which the national banks may retain taeir present issues?if they pjefer?or have them transferred to a common agency representing all the banks, yet supervised by goverment officials: and so that this co-operative agencv may issue to the common interest such emergency circulation as may be needed in any time of stress." SSf Market 1 aaaHHBnwanBai m Dinina There was jc when it was am blend of Frencl everywhere in t Hp \m For over a hund joyed only at the ol building of the Frei hermetically-S( led Market Coffee anyi unimpaired. " w> ' ? ry^l^r?-^w -^tc^tt^b Now and herethere?lies you The Ford produc tinlied bv two-an( J. *J demand has beei four. If you wa: service you mu Don't delay. There are more than the world's highway testimony to their Prices?runabout $52 I" ?town car $800 f. complete equipment. Phone, write or ca | Summer's ^1,,;:,;,;':,,^;;, P AND * mlMB Ok UlftlfCCT Ml inuiibgi ivii P m M Wm F0R RAW U I H %M Wool on Comroi ? ||ft mentioning I JOHN WHITE i CO. LOUISV >OTICE OF ELECTION. Where it one-third of the resi.^eri^ Electors and a like proportion of K t resident freeholders of the age of twenty-one years, of St. Paul School HictriVt Vn 54 nf Yewherrv Countv. State of South Carolina, have filed a petition with the County Board of ^'ucation of Newberry County, South Carolina, petitioning and requesting that an election be held in said district on the question of levying a two mill tax, to be collected on the property located in the said School District. ' Now, therefore, the undersigned composing the County Board of Education for Newberry County, South Carolina, do hereby order the Board of Trustees of the St. Paul School District No. 34 to hold an election on the said question of levying a two mill J 1 ~ ~ 11J ^ A IclX tO Utl Cuiieuieu UU lur yi U|;ci i.j located in the said district, which said election shall l>e held ac St. Paul School house, in the said School Dis-' trict Xo. 34, on Wednesday, April 16, 1913, at which said election the polls shall be op-ened at 7 A. M. and closed at 4 P. M. The members of the'Board of Trustees of the said School District shall act as managers of said election. Only such electors as reside in said School District and return real or *-? * - ? j- J personal property ior mxauou, auu who exhibit their tax receipts and registration certificates as required in general elections, shall be allowed to vote. Electors favoring the levying Coffee of die Now on IN ear Table in the >y in thousands of ? nounced that the gen L \,f ^r*r\i i LI iVldlKCL vj he South. id) Market Co . red years this famous old Id French Market in New ich Market Mills and the i - ? f 1 can, made it possible to Sj -vhere, with all its deliciou So that now it is fount ing table in the South, NATIONAL DRINK 0 k Roasted by our unique 3 FRFNCH MAR i J (New Orleans Coffee < NEW ORI -not then and r opportunity, t has been muli-a-half?but the i multiplied by nt one for spring st get it now! 220,000 Fords on s?the best possible excellent worth. ?5?touring ear $600 o. b. Detroit with 1 ill upon Garage. I I5IDES \RKET PRICE PAID FURS AND HIDES Ission. Write for prlc gmy Wjrm ? I !LLE,KY.i$F^ . of the said tax shall cast a ballot containing the word "yes" printed or written thereon, and each elector opposing such a tevy shall cast a ballot containing the word "no" written or printed thereon. Given under our hands and seal on l/forftVi 9Q 1Q1 ? | AUtti V" ? t/j X?/A J. E. H. Aull, E. 0. Counts, J. S. Wheeler. County Board of Education, Newberry, South Carolina. Coughs and Consumption. Coughs and colds, when neglected, always lead to serious trouble of the lungs. The wisest thing to do when you have a cold that troubles you is to get a bottle of 'Dr. King's New Discovery. You will get relief from the first dose, and finally the cough will disappear. 0. H. Brown, of Mus caame, Aia., writes: iviy wne was down in bed. with an obstinate cough and I honestly believe had it not been for Dr. King's New Discovery, she would not be living today." Known for forty-three years as the best remedy for coughs and colds, Price) 50c and $1.00. Recommended by all druggists. CHICHESTER S PILLS Wav TIIE DIAMOND BRAND. A Ladles! Atkyon. Jrofc^tt for /A Chl-chea-tert Diamond Brand/AX, Plllfl in Red and Gold metalHc\V J I bores, sealed with Blue Ribbon. VX W Wg Take no other. Bur of your " rf ~ fg Dranliit. Ask for CIH-CIIES-TEH fl | (W Jf DIAMOND ItKANI* P1LLM, ,or 2ft \V ju years known as Best, Safest. Alvays Reliahl# I V? r sm n rv iwffiorcis wtwuvzot s Old French ly Every South! Southern homes uine old French ild now be had blend could be en r Orleans. _ But the invention of the new hip real old French s aroma and flavor i on almost every dinand has become the ?F THE SOUTH, hygienic process. a :ket mills Co., Ltd., Props.) ?EANS BMMWMBl IIIMI?H?PMBS? / READ 1 Buy a 10c we will supply any of the bo< display window week. Read ai you desire in and return then the time to uuuno* "More Goods for ] MAYES' Book & ' Tke HOUSE of 1.' i IF VOU HAVE GREY HA jy Young Looking People Are!t0 u In Constant Demand then Everywhere ?se.d tacti Competition is keen. You can't hold ^ave down the Big Jobs if you are suspected so 11 of being a "Back Number." w^? You can't expect to be a successful us.e; wage-earner, man or woman, if ycv are old looking, but whether you work or mon( not, you owe it today to yourself and a^ter family to keep looking young. Fr Get a bottle of Hay's Hair Health foilo T f cnl voc t'ho orrov hair Tim Vn. r x ? ovi.vo nuii nv <. lem for every man and woman, young cake or old. It brings back the full, rich, bottl natural color of the hair?restores it 25c. < Gilder & V 9 You Can't Be 1 when you buy paint. Buying impi first cost but in a short time they a (Adulterated pamt cracKs ana ^r'\ scales off long before good white lead paint shows <my JS signs of wear. Be sure thai, vj your painter uses Atlantic White Lead \j (Dutch Qoy Paintmr Trade-Mark) Insist on ha using pure linseed oil. Then you'll know you're getting a quality job?most economical because it wears so long and affords real paint protection. Come to us for iN yonr paint supplies and Ask for our Painting Points ^ containing color srhemes and many helpful painting suggestion* I C. C. Davis i m NOTICE. Notice is hereby given that the If stockholders of The Shelley-Wheeler . Company will meet at the office of Eugene S. Blease, at Newberry, S. C., lead on Thursday, April 17th, 1913, at 10 . . D6t o'clock, a. m. and that at "the said r^cc i ?of increasing ULLCTCLlXiS wxiv? - w I verj the capital stock of the said copora- j . tion from ten thousand dollars to j (. twelve thousand dollars will be con- j ^ ' sidered and acted upon. n?y; J. D. Wheeler, not President El< . B. T. Buzhardt and Secretary and Treasurer, j now Newberry, S. CM Marc'i 15, 1913. j imp 3-l8-4t. j Rec FREE Fablet and ..JiL you wiiii oks in our n for one 5 many as one week ti. Now is read good Less Money." I S Variety TORE wo THINGS i " MY IS DOUBTED I , ^ s natural color immediately. >n't waste time with substitutes, e's only one. Hay's Hair Health, by thousands with absolute satison for twenty years. Druggists : sold Hay's Hair Health so long to lany satisfied people everywhere come back again for it and won't any other, that tbey are perfectly ng to guarantee it and give your By back if it's not satisfactory a fair trial. ee: Sign this adv. and take it to the wing druggists and get a 50c. bot:f TTiy'? Hair Health and a 25c. of Harfina Soap, for 50c.; or $1.00 ' e of Hay's Hair Health and two cakes of Harfina Soap Free, for SI. /eeks. . . irities may bring down the ire sure to prove expensive. I Pains in the Stomach.. you continually complain of pains the stomach, your liver or your leys are out of order. Neglect may [ to dropsy, kidney trouble, dias or Bright's disease. Thousands immend Electric Bitters as the best stomach and kidney medl: made. H. T. Alston, of Raleigh, who suffered with pain in the nach and back, writes: "My kid3 were deranged and my liver did work right. I suffered much, but ?ctric Bitters was recommended I improved from the first dose. I feei like a new man." It will rove you, too. Only 50c and $1.00 omrrendvd by all druggists.