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TO PUT MILLIONS IN f THE SOUTHERN BANKS PLA> DEVISED TO FACILITATE PROP VftVFUKNT. Secretary of Treasury to Ward Off Stringency, Following Marketing Heavy Crops. Washington, July 31.? Twenty-five to fifty million dollars of gevernment funds will be deposited in the national banks of the South and West ot- r\n/->ci Hv Cap-rots rv \Tr?Ar1nn to fscili tate the movement of crops. Federal, State and municipal bonds and prime commercial paper will be accepted as security for the money, upon which the banks will pay 2 per cent interest. The motive of Secretary McAdoo in establishing this new policy is to anticipate the money stringency in the late summer and fall, which invariably accompanies the marketing and movement ot" crops, especially wnen the crops are unusually large, as the ; harvest now beginning forecasts He intends to take time by the forelock and prevent or minimize the usual tightness of money. In a statement today the secretary made the significant answer that government bonds would be accepted at par as security for the new deposits and that the additional money would be placed only with banks which have taken out at least 40 per cent of their authorized circulation. >VilI Help Restore Parity. United States 2 per cent bonds, serving as security for most of the p, national bank circulation have been ft depressed recently to new low market records, dropping to 95 3-4 during the past few days. The secretary's willingness to accept these bonds at par as security for the twenty-five to fifty millions of promised deposits and the inducement to the national banks to increase their circulation up to the 40 per cent limit is expected to help in restoring the parity of the depressed 2s by creating a new market for them. For the first time in history the government will accept prime commercial paper as security for deposits. This privilege will be granted, announced the secretary, in order to make these special deposits available to the banks on securities readily within their reach. "The commercial paper submitted" added Mr. McAdoo, "shall first be passed upon and approved by the clearing house committees of the cities in which the banks offering such '?*n ? paper may oe iocaiea. ah uwumncial paper and bonds must finally be passed upon and accepted by the secretary." Approved Commercial Paper. Approved commercial paper will oe accepted as security for the deposits at 65 per cent of its face value, and high class State, municipal and other bonds, exclusive of government bonds, at 75 per cent of their market value. The additional deposits will be placed with the national banks in the two or three principal cities of each of the States where harvesting is now in progress, and where demand for money for moving the crops most conveniently can be met. The secretary said it would not be practicable to scatter the deposits among the smaller cities, especially in iview of the character of securities necessary. The banks will be required to re' ? J-1? ?? +roao:irv Turn iiit? iiiunt?,y w.) Luc pu.^ when the crops have been moved. The prsent suggestion is, Mr. McAdoo said, that 15 per cent be repaid in December, 30 per cent in January, 30 per cent in February and 25 per cent in March next. "Steps are now being taken to cari ry out the plan," added the secretary. i "so that the funds may be promptly available for the movement of crops." Names of banks to receive the deposits and other details of the arrange, ment will be announced later. \ Fulfills Tillman's Hope. \ Just as Secretary McAdoo was an\nnimcine his plan, Senator Tillman, of South Carolina, was issuing a statement declaring that unless congress act<?i quickly to provide an emergency cur^Sey, the cotton planters of the SoutM^would lose a hundred million ? dollaB through inability to get money to move their crops. SAVE FARMERS $100,000,000 Tillman Says I'nless Congress Acts Promptly Planters Will be Robbed of Millions. / Washington, July 31.?Senator Till . man said this evening that he sin> cerely hoped that the banking and currency committee of the house of representatives can work out some practicable scheme that will inspire the confidence of the business people of the country for lending money to "banks at 3 per cent on satisfactory collateral. "Mr. MdAdoo," said Senator Tillman, "is well informed as to the business conditions in t.:e United States, and I am willing to leave it to his good judgment as to what collateral shall be required. Right now there is an J emergency and, unless congress acts promptly within the next sixty days, the Southern cotton planters will be ~ .KI?.! O VmnrirPfi million dollars i~UU WCU u. or more by the fall in price of their pri iL pal crop due to the inability on the pavt of Southern banks to get money from New York at any price or oil any collateral. Ths New Yorkers have our people by the throat as they have had them all these years since the war, and only congress can give relief A Resolution for Relief. i "The Aldrich-Yreeland act. which I authorize the printing of the five | hundred million dollars now lying in the treasury grants no relief at all to our people, because of the conditions imposed. Tie rate ol interest Degms at 5 per cent and increases very rapidly each month. The relief can be extended only through associations of banks into regional groups. The security asked is of such a character tnat few, if any of our banks in the South can furnish it and it only ap* * C+ /> i plies to national DanKs?uui oiatc ; hanks at al'. A joint resolution could be rushed throigb both ho.ises of congress, if the houses are willing to give the country relief. This resolution would be only intended to give temporary relief until the committee an currency and banking gets through squabbling, if it can ever get through, and congress gives us a permanent j system. "If something is not done, I see no : ? x 1 ^ 1 ^ ^ ? 4-Vi A ! way oi saving me peupic ui mc i from great loss, unless tae banks1 take the law into their own hands, as they did in 1907, and form clearing house associations and issue certificates as they had to do then. I' i for one am tired of seeing our people held up and robbed by Ue New York pirates." Favors Rasrsdale's Plan. "I heartily favor Congressman Ragsdale's idea aoubt trying to get into cne proposed currency bill an amendment to have the government lend mon,ey direct to the farmers, or to the j banks with which they deal, or warehouse certificates on corn, wheat and cotton stored in warehouses and fully insured, the banks to deposit their own notes along with these certificates as collateral. "I can see how a perfectly feasible scheme to protect the government from loss and Obtain money for the farmers to move their crops' can be worked out. It would save the South untold loss by emancipating it from slavery to New York financiers. I feel certain, too, that if the idea contained ?r> tho law whir?h nassed the South Carolina legislature two years ago providing for warehouses to store cotton in, but which was declared unconstitutional by th 2 State supreme court, were enacted into law, it would, under a rational and safe management, be of untold benefit to the people of South Carolina. I hope sincerely that the plan will not be given up entirely and that a bill properly safeguarded will be prepared and enacted into law at the very next session of the legislature." Favors Henry's Plan. Senator E. D. Smith said: "Of course, I am in favor of the currency plan now being advocated by Mr. Henry, of Texas, or something like it. This is no new thing. The farmers have been advocating it for years. I made speeches along this line before I came to the senate. There is no reason why a safe and practicable plan cannot be worked out. The assets of the farmers should be as good for banking purposes as any mercantile paper in use today. I will never be satisfied until the farmers get this and I rejoice that the way seems 10 DG Opening 1U1 t-iCiii iu 501 n. SAYS EVIDENCE WAS IN ERROR. Stenographer Makes Statement in Reference to Case of "Portland >'ed" Spartanburg, July 31.?Grave errors were made in the evidence on n-Viirt'h Tomoc Tnlincnri aliac "Portland Xed," the famous'cracksman, was convicted of the ten thousand dollar safe robbery at Enoree, this county, according to Carlisle Perrin, court stenographer. Mr. Perrin says in a letter made public today that he has discovered that a Federal indictment introduced as evidence against JohnsorM an'1 in which he was supposed to have .li'-tded guilty to stealing stamps and postoffice funds from the Enoree safe, was not an indictment for the Enoree robbery, but for a robbery in Orangeburg county. Johnson had no attorney, but conducted Vis own dofence. Johnson was paroled by Govornnr RIpusp rpppntlv nnd after h'S release from the State penitntiary made a sensation ul es^p*3 from a deputy Cn:toj Sta'es rr.'irs;ia! who sought to arrest him fsr an alleged postoffice robbery ir. North Carolina. ! Summerla: For \fy (Leesville - Batesbui Offers a Liberal Education Influ Ideal Location Rooms furnished with < bureau, washstand, chairs, Electric lights, steam he water. A beautiful, safe and re: Next Session Begi For further information Rev. P. E. Monroe, Leea ? ? a m 34th AJ MIDSU EXCUF T WASMilMU AND PR CAROLINA, VIRGIN!/ RES( Southern PREMIER CARRIE Wednesday, Av Final Limit of 1 August 3 Newberry to Washington; Newberry to Norfolk and I Newberry to Richmond an Special train leaves Co Washington 6.00 a. m. Standard Pullman Sleep Coaches and Southern Rai. Excursion tickets will be Apply to local agents Pullman reservations, etc., W. R. TARER, Passenger and' R. C. COTNER, Passenger and L. I). ROBINSON, Pass, and T S. H. McLEAN, District Pass. . E H. COPEMAN, Vice-Pres. a S. H. HARDWICK, Passenger H. 'F. CARY, General Passenge W. E. McGEE, Assistant Genei I OPPOSED TO PATTERSON The Oklahoma >e?ro Conciliated for Register of U. S. Treasury. Washington, Aug. 2.?That President Wilson made a great blunder when ha sent to the senate the name of aPtt^rson the Oklahoma negro, to be register of the United States troas ury is 1 ?io opinion expressed oy m:iuj , of the political experts ir. Washington | Sena', rr, Tillman and S:r:ih of South Carolina and in fact practical every senator from the southern States, are prepared to fight the confirmation of Patterso "As long as I am senator from the grand old State of South Carolina I 11 ^ ^ i rv ? r\ f cnph Q will oppose ine cuinn mdnun wi t?. hominc.tion," said Senator Smith to The Record's correspondent. Senator Tillman, who believes in giving the ; good jobs to white people will fight I to the last ditch the appointment. \ nd College romen rg, South Carolina.) under Positive Christian ence. V* V amt M n fl nvofn LApCIIdCd tci J muuciait everything needed: Bed, art square, rugs, linen, etc. at, sewerage, hot and cold fined home. ins September 16 address the President, villeor Batesburg,S. C, I NNUAL MMER iSIONS 0- j TON, D. C. INCIPAL l AND TENNESSEE IRTS .. Railway R OF THE SOUTH IgUSt 13,1913 - "ickets Returning 1st, 1913 and return $10.00 return 9.00 d return 9.00 lumbia 6.10 p. m., arrive _ ing Cars, High Class Day [way Dining Cars. good on all regular trains, for further information, , or Ticket Agent, Greenville, S. C. Ticket Ag't, Spartanburg, S. C. icket Agent, Columbia, S. C. Agent, Columbia, S. C. ,nd General Manager. Traffic Manager. r Agent. al Passenger Agent. ! For years the position of register of the treasury has been given to a negro. This job has been looked upon by the republicans as a compromise position for the colored voters of the couarry. Southern senators have in years gone by fought similar nominations, but as the democratic party was so icil ILL Lilt; (lUlJUilt.) u urn liiviv w But today a (Afferent story is told. Why President Wilson, a Southern man by birth, should have stirred up the fighting blood of true Southern congressmen by sending over to the senate the name of a negro for such a job, cannot be learned. That Senator Gore was responsible for persuading the president to send in Patterson's name is freely admitted. As Oklahoma has a sreat number of ne gro voters it is believed by some that Gore did it in hope of clinching the support of the negroes in his State when he comes up for reelection. ^ f-t/ ?to insure comph f along a case of v#' The satisfyinj //fiBMMg or forest; at * temptingly g< Delicious' f Thirst-( fPil|^ Demand the G Refuse subst Send for Pree THE COCA-COLA C<31VC I Pay Cash For Hens 10c lb - ?? Roosters 7c lb Frying Chickens 12c lb Eggs 15c doz Jas. D. Quattlebaum, Prosperity, S. C. DISSOLUTION OF PARTNERSHIP. Notice is .hereby given that the partnership heretofore existing between T. A. Williams, R. E. Williams, DeWitt . Johnson and R. P. Pearson, under the firm name of The Newberry Untertaking Company has been dissolved by mutual consent of all the partners. The terms of the said dis solution are set forth in a written agreement on file and recorded in the office of the clerk of court for Newberry county, South Carolina. Persons holding claims against the Newberry Undertaking Company will present the same to T. A. Williams, and all persons indebted to the said partnership will make settlement with said T. A. Williams. DeWitt C. Johnson. T. A. Williams. R. P. Pearson. R. E. Williams. Newberry, S. C., July I4tn, iyia. ANNUAL MOUNTAIN AND SEASHORE EXCURSION August 13, 1913 via CHARLESTON & WESTERN CAROOLINA RAILWAY to Spring and Mountain Resorts in North Carolina, South Carolina and lennessee. For rates, etc., call on ticket agents or address Ernest Williams, General Passenger Agent, 829 Broadway, Augusta, Ga. 8-5-3L Suffered Eczema Fifty Years?>"ow Well. Seems a long time to endure the awful burning, itching, smarting, skin-disease known as "tetter"?onother name for Eczema. Seems good to realize, also, that Dr. Hohson's Ecnrnroo riinfnipnt line nroven a perfect Ia in a uunuivMi ? _ cure. Mrs. D. L. Kearney writes: "I cannot sufficiently express my thanks to you for your Dr. Hobson's Eczema Ointment It has cured my tetter, which has troubled me for over fifty years." All druggists, or by mail, 50c. PFEIFFER CHEMICAL CO " " ATtvIIJO "P Q St, IiOlliSf 310. IT IliluuriJfiiiat jl u, >*ot tlie Place "I see they have operated on a Philadelphia boy's head in order to make a better boy of him." "That isn't where my dad used to operate on me to make a better boy cf me."?Houston Post. ~ 68 ' 'j t For ^ 1 That ^ Picnic jte success take * beverage?in field1 fl home or in town/ K wholesome as it is M ?Refreshing M Quenching Jf Jp At cnuine? Soda itutes. Fountains Booklet. or Carbonated in Bottles. PANY, ATLANTA, GA. I Malaria or Chills & Fever 9IIHIHI ?? w ^ - _ Prescription No. 666 is prepared especially for MALARIA or CH-ILLS & FEVER. Five or six doses will break any case, and if taken then as a tonic the Fever will not return. * It acts on the liver better thaa Calomel and does not gripe or sickea. 25c 1785 191? COLLEGE OF CHARLESTON South Carolina's Oldest College ? ? O X 1 Q/JM. 129th Tear .Begins sepremuer Entrance examinations at all the county seats on Friday, July 11th, at 9 a. m. Full four year courses lead to the . B. A. and B. S. degrees. A free tuition scholarship is assigned to each county of the State. Spacious buildings and athletic grounds, well equipped laboratories, 1 unexcelled library facilities, and the ' finest museum of natural history in the South. Expenses reasonable. For terma and catalogue, address Harrison Randolph, Pres. 5-29-1OL t To Prevent Blood Poisoning apply at once the wonderful old reliable DR. PORTER'S ANTISEPTIC HEALING OIL.asur ical dressing that relieves pain and heals at -.e same time. Not a liniment. 25c. 50c. Wood's High-Grade Seeds. Crimson Clover / The King of Soil Improvers, also makes splendid fall, winter and spring grazing, the earliest green feed, or a good hay crop. CRIMSON CLOVER will increase the productiveness of the land more than twenty times as much as the same amount spent in commercial fertilizers. Can be sown by itself or at the last I working of com, cotton or other cultiva ted crops. We are headquarters for Crimson Clover, Alfalfa, Winter Vetch, and all Farm Seeds, Write for prices and Descriptive Fall Catalog, giving information j about all seeds for fall sowing. T. W. WOOD & SONS, Seedsmen, - Richmond, Va. I , ESTATE SOTICE. All persons holding claims against the estate of Martha A. Miller, deceased, are hereby notified to present same, duly attested, to me or my attorneys, Messrs. Hunt, Hunt & Hunter, on or before the 20th day of August, 1913, and all persons indebted to said estate are hereby notified to pay same on or before September 1st, 1913 Mary J. Miller, Administratrix of the personal estaro of Martha A. Miller, deceased. July 25th, 1913. ,