The herald and news. (Newberry S.C.) 1903-1937, August 27, 1915, Page TWO, Image 2
TREASURY TO EXPAND
CREDIT FOR COTTON
PLAN TO MEET ANY NEEDS OF
SOUTH B1 GOLD DEPOSITS.
If Necessary, Secretary Says, Funds
Will be Deposited Directly in
National Banks.
Washington, Aug. 23.?Treasury of5
ciais tonignt maae puunc announcement
by Secretary McAdoo tJ:at in
"view of the action of the allies in putting
cotton on the contraband list, he
would, if necessary, deposit $30,000,000
in gold in federal reserve banks in AtJanta,
Dallas and Richmond for the
purpose of enabling t-ne reserve banks
to rediscount loans on cotton secured
fry warehouse receipts made by national
and State banks belonging to
the federal reserve system.
Tha oTklrl wrrnlH ho tPmnn
rarily, at least, without interest
cf-iarge. It was explained that if it
appeared the object could be accomplished
with greater efficiency thereby,
the deposits would be made directly
with the national banks agreeing
to lend the money on cotton at a rate
not to-exceed 6 per cent.
Secretary McAdoo authorized the announcement
from f:is summer home at
North Haven, Maine. It came at the
close of a day of speculation in official
circles as to the nature of steps which
the entente powers have indicated they
will take to uphold the cotton market
in the face of tfceir contranband order.
An Fnusutol Need,
"In the- ^exercise of the discretion
given to him by law," read the treasury
statement, "Secretary McAdoo said
that the government, for the time being,
charge no interest on these defnoRitR
in federal reserve banks, that
sucfr action is Justified by the unusual
situation respecting cotton caused by
the European war; that he considers
/ it has duty to use every available
means in his power to help the cotton
producer of the South in the circumstances
; that it is a matter for economic
importance to the entire nation
to at those who have produced the cot
ton crop shall have a fair opportunity
to dispose of it gradually and in an
orderly manner, so they may not be
forced through inability to market
their cotton gradually to sell it at
sacrifice prices.
"Ttia ofirtTo+am-. caid that nis fhipf
J. JUL o ^VMl v? V*?V
object was to create a basis for such
ail elarge credit in t'.e South that
the banks will have ample resources
to extend to producers such accommodations
that they will be able to
carry cotfon in warehouses for a rea
* 1 if AO n Ko
sonaoie leugiu ui time uuui ??, w
marketed advantageously.
For Low Rates,
"In order to accomplish this, he said
that tl:e national and State banks
which are members of the federal reserve
system should make loans on
warehouse receipts for insured cotton
at low rates of interest; that the banks
can well afford to carry cotton for producers
at 6 per cent, especially if they
nro nhip to rediscount cotton paper at
a much lower rate than 6 per cent;
that ti:e credit resources of the banks
of the country are greater than ever]
before in our history and that there
is no reason why banks should not, in
co-operation with the merchants of the
Soutfr, help the cotton producers with
loans at low rates in the present peculiar
situation.
"The federal reserve board, the sec
retary said, had a right to determine
the rate of interest which the federal
reserve banks can charge member
banks on notes or loans secured by
insured and warehoused cotton rediscounts
with federal reserve banks.
He Gas been unable to consult his colleagues
of the federal reserve board
on account of his absence from Washington,
but feels confident of their cooperation
in every reasonable way.
May Be (Made Directly.
"Mr. McAdoo said, however, that
should it appear that the object in view
could be accomplished with greater efficiency
to the cotton producers, tfre
merchants and the banks of the South
by depositing government funds in the
national banks direct instead of in the
federal reserve banks, he would take
that course and make deposits in such
national banks as would give him the
assurance tftat the money so deposited
or the credit based thereon would be
loaned on cotton insured or warehoused
and at a rate cf interest not to
exceed 6 per cent.
"The secretary- declared he believed
that there was no occasion for alarm
about the future of cotton and that if
the bankers and merchant* would cooperate
with each other and with the
cotton nrodu^pr? of the South in a
sp:vit of patriotism and mutual regard
for each other's welfare the situation
could be handled with happy resul-s
to all concerned- -He expressed the j
earnest hope that tfcis would be done." i
mm
I
VICTORIOUS 0> LAM)
BUT Jit A TO AT *LA
German Aim at Kiga Severely Checked j
By >aval Defeat in Gulf?Armies
Continue to Advance.
I London, Aug. 23.?German naval re- j
verses in the Gulf of Riga and the Bai- j
j lie sea, the German occupation of Os- *
fowetz and a British naval bombard-'.
1
I ment of the German naval base at Zee
! bx-ugge today temporarily diverted at- j
i
I tention from the issues growing out .
of the sinking of the WLite Star liner
Arabic. <
The German version or the Riga
battle has not been kiven out, but the i
tiefiniteness of the Russian repor: on ,
the sinking or crippling of tiie Ger- ;
man battle cruiser Moltke, two other j
cruisers and eight torpedo boats bas |
sent a wave of enthusiasm throughout the
country and dispelled the depres- j
sion over the Russian retreat on land.
Aside from the loss of the German i
i
ibi.ips, the naval engagement is re- h
j gartied as important chiefly for the ! i
| strategic effect on the land operations ! ]
in the German sweep eastward toward i
Fetrograd, which military observers I
now consider as having been checked j;
and possibly irreparably defeated.
Center Presses Forward.
Thp fiprman renter has Dressed for
ward steadily, until Prince Leopold of <
Bavaria is near the new Russian line
of defense, but military critics say tne ]
entire campaign hinged on the vast
enveloping movement of Field Marshal $
von Hindenburg's forces in the north. I
They had pushed far beyond Riga, to | ]
Jacobstadt on the Dvina, but the Rus- <
sian's hold on the Gulf of Riga and j1
on tlie great naival base of Riga was a "
continual menace in von Hindenburg's ]
rear. : 4
This, the military observers say, led ]
to the shifting of a number of uerman <
capital ships, including the Moltke, i
from the North Sea to the Baltic, witu
the purpose of controlling Riga and 1
thus protecting a German land ad- ;
vance on Petrograd. ,
Only Two Left.
Ti:e German capture of the fort- (
resses of Ossowetz gives them another
stronghold, only Grodno and Brest- 1
Litovsk remaining in the central sec
tion. It also gives them the main point
on the railway to Bielsk and Brest- 1
Litovsk. ]
Special reports from Petrograd in- 1
dicate that the Russian position at' (
Brest-Litovsk is becoming untenable, j
iMeagre details have been received ',
concerning the British bombardment j _
of the German submarine base at >
Zeebrugge and neighboring points on ',
the Belgian coast. Berlin reports that J ]
40 JBritisn snips were engaged in 11,
but the British admiralty has made no ]
statement. The firing lasted several <
hours, the German heavy artillery an- ]
swering the British fire. <
That there has been French naval
activity in the same locality is shown ,
in the Paris official communication, (
11- - - ^ _ t
wmoj announces me sniiuug ui a. uerman
torpedo boat destroyer off Ostend \
by two French torpedo boats.
In the West there have been no (
notable changes in the battle line.
crp>ri\t 4t,\rn?nr ra.tvitr.f.pt i
Amsterdam Piper Tells of Graye Conference?iTime
to Seek Peace.
Amsterdam (via London), Aug. 23.?
At the secret conference of cabinet i
ministers, political leaders and influ- i
ential writers called by the German 1
imperial chancellor before the reassembling
of the reichstag last Thursday
to discuss the political situation,
The Telegraf says, Kary Helfferich,
secretary of the treatsury, explained
that tfce new German war loan would
completely exhaust the empire's resources
and that the increase in ex
chequer bonds would cause bankrupt- s
cy. Therefore, Dr. Helfferich urged, it j
was needful to prepare for an honor- i
able peace. z
Chancellor van, Bethmann-Hollweg, i
according to the same report, declared <
tt':at the difficulties of the empire were i
increasing and advised his hearers to z
I iisp thpir infliiAnr>P tn snften down hel- /
licose inclination and expansion pol- j
icy in the reichstag and the country c
and to carefully prepare peace pro- e
posals which would be acceptable to
the four members of the entente.
Dr. Bernhard Dernberg's report of 1
the failure of f:is mission in the United c
States and other neutral cd^atries, t
The Telegraaf says, made a strong im- e
* ? XT ~ -C ~ ~ 1
yressiun un me coiiiereiice. 1
Gen. von Moltke, former chief of the ?
general staff, declared that he fully t
agreed with the chancellor and added
that only trose not fully informed on
the situation could hope for the possibility
of complete Russian defeat.
Despite these declarations the story
j concludes, the meeting refused to
adopt a resolution advocating moder- ^
| ation in the roichstag, whereupon the I
chancellor declared that if a majority c
in the reichstag should show an irre- t
councilable chauvinistic, attitude he c
j would be obliged tne resign as ne j i
i could not accept responsibility for j r
Germany's disaster. ; 1
I i
SAX MCIIJLLS
IX THE FOl'ltTM DISTRICT
Almost Complete Inofficial Returns
Indicate Nomination of Spartan- |
l?urfr Mad For Congress.
I
T-e State.
Spartanburg, Aug. 24.?The election
of Sam J. iNicholls of Spartanburg!
over his opponent, B. A. Morgan of
Greenville, as congressman from the!
Fourth district to succeed Joseph T.
juuusuii, is inuiv^a icu uy ncai *y turnp!ete
unofficial returns from the second
Democratic primary held today. !
With only 11 small boxes in the entire
district missing, Mr. Nicholls ?as
a lead of 575, his total being 9,494 i
against a total of 8,919 for Mr. Mor
sail.
The vote in the second primary!
was considerably heavier than in the
first primary, when only about 16,000
votes were polled in the entire dis- j
trict. Mr. Nicholls led Mr. Morgan almost
two to one in Spartanburg coun- '
ty, and Mr. Morgan led Mr. Nicholls
by about the same proportion in Greenville
county.
Greenville (.r>4 out of 59)?Nicholls,
2,119; Morgan, 4.09S.
Laurens (29 out of >33)?Nicholls,
1,473; Morgan, 1,131.
Spartanburg (84 out of 86)?Nich>lls,
4,5S3; Morgan, 2.699.
I nion (complete.)?-\icnons, i,3iy;
:
Ylorgan, 991.
Totals?Nicholas, 9,494, and Morgan, |
?,919.
Samuel J. NicTolls, who was today
Tominated for congress by the Democrats
of the Fourth congressional disrict,
is a son of Judge and Mrs. George j
W. Nicholls of this city, and for the |
last eight years has been a member of
the Spartantfurg bar, practicing in
partnership with his fat)":er, in whose |
office he read law and was admitted
to the bar.
He is 30 years of age, native of
this city, a former student at Wofford
college and a graduate of the Virginia
Polytechnic institute at Blacks- j
burg, Va., where he completed his j
course when f:e was 19 years of age. j
A few months ago he was married'
to Miss iEloise Clark of Green Bay,!
Wis. j
For one term he was a member of
the Spartanburg delegation in the
house of representatives, but declined
to stand for re-election, and did not
offer for political office again until he
n ci/io m a <5 ^ct n rli fla t o fnr prvnoroco Tact
UV.VU.Iiit U VUiiUiUMI.^ iV* VC?J iWJV I
summer, opposing Judge Joseph T.:
Johnson, by whom he was defeated. J
Judge Johnson's resignation from con-j
gress made the campaign just ended
accessary.
Mr. Nicholls is a grandson of the
ate Rev. Samuel B. Jones of the South :
Carolina conference, for many years j
J. ? 1_ . 1. J I
[jroinmeiii m anu euuctiuuual
circles in South Carolina.
He is city attorney for Spartanburg
md also attorney for Spartanburg
county. v
He made his campaign along non- j
'actional lines.
?~
5EKML4KY ASKS AMERICA
TO WITHHOLD JUDGMENT !
. I
Oges .Against Any Hasty Action Now
?Seeks For Time to Prove
Facts.
"So far 110 official information available
concerning the sinking of the
Arabic. The German government trusts
:hat the American government will not
:ake a definite stand at hearing the reports
of only one side, which in the
ypinion of the imperial government,
lan not correspond with tf:e facts, but
hat a chance will be given to Germany
:o be heard equally. Although the imperial
government does not doubt the
;ood faith of the witnesses whose
statements are reported by newspa3ers
in Europe, it should be borne in
nind tf:at these statements are naturilly
made under excitement which
night easily produce wrong impressions.
If Americans should have act
lally lost their lives, this would naturLlly
be contrary to our intentions. The
German government would deeply regret
the fact and begs to tender sin:erest
sympathies to the American government."
Washington, Aug. 24.?Count von
Bernstorff, the German ambassador.
;ommuxncaiea 10 me siaie aepaniueui
oday a message from his government
expressing sympathy if American
ives were lost on the Arabic, and
isked that the United States delay
aMns; a definite attitude until Gercor.*''
h~ara frcm
This. \v~s the first voii from L2
Z. :r.* J jcurc concerning ;>*
?on v% ni<|- :wo Anif 'cans 1 er
V > v " ? "ithcv fit th i
. ; i
ivclifc ttGpai Llil^ilt Or civ ilie w'liil0
louse to interpret the ambassador's
ommunications. Officials merely said
hat the American government, ol
:ourse, would await the German ex- <
Sanation of the action of the su"b
^ ~ ~ t -r\ oi-nVino' +{V? a
lictliut? cuiliii-iaiivici iu w-*v
iner. s
NOW HER FRIENDS
HARDLY KNOW HER
But This Does Not Bother Mrs. !
Burton, Under the
Circumstances.
Houston, Texas.?In an interesting :
letter from this city, Mrs. S. C. Burton
writes as follows: "i think it is my duty
to tell you what your medicine, Cardui,
the woman's tonic, has done for me.
I was down sick with womanlv trouble.
and my mother advised several different J
treatments, but they didn't seem to do j
me any good. I lingered along for three
or four months, and for three weeks, )
was in bed, so sick I couldn't bear for
any one to walk across the floor.
My husband advised me to try Cardui,
the woman's tonic. J have taken two i
bottles of Cardui, am feeling fine, gained j
15 pounds and do all of my housework, i
1- ' 31-- 1 I >> !
rnenas naruiy Know mc, 1 <am su wen. |
If you suffer from any of the ailments j
so common to women, don't allow the j
trouble to become chronic. Begin taking j
Cardui to-day. It is purely vegetable, ;
its ingredients acting in a gentle, natural j
way on the weakened womanly constitu- i
tion. You run no risk in trying Cardui. j
It has been helping weak women back to j
health and strength for more than 50 !
years. It will help you. At all dealers, j
Write to: Chattanooga Medicine Co., Ladles'
Advisory Dept., Chattanooga. Tenn.. for Special
Instructions on your case and 64-page book. "Horn#
Traatment for Women." sent in plain wrapper. ?69-8
County von Bernstorff telegraphed
the state department from New York
the text of his instructions from Berlin
:
Reports >ot Correct.
"So far no official information available
concerning the sinking of the;
Arabic. The German government trusts 1
that the American government will nol
take a definite stand at hearing only
the reports of one side whid'a, in the
opinion of the imperial government!
i. , ~ J 1*1- iT _ 1 * I
CdU XIOL cunopuiiu W1 Lil iue IttCLS. UU( |
that a ahance will be given to Ger-!
many to be heard equally. Althoughj
the imperial government does not:
doubt the good faitfr of the witnesses;
whose statements are reported by the'
newspapers in Europe, it should be
borne in mind that these statements j
are natura.iy maae unaer excitement
which might easily produce wrong im- j
presslons. If Americans should have |
actually lost their lives tJ' is would na- j
turally be contrary to our intentions.!
The German government would deeply j
regret the fact, and begs to tender sincerest
sympathis to the American government."
i
Secretary Lansing indicated he did
not intend to renlv to the ambassa- !
dor's message now. He agreed to its
publication with a statement that he
had no comment to make.
Particular attention was attracted!
here by tJ':e assertion in the German j
communication that, in the opinion ot;
the imperial government, the accounts
of the sinking of the Arabic which
have come from .England could not cor- j
respond with the facts. T ese accounts
in affidavits by the captain of the ship
and American survivors have agreed
that the Arabic, an unarmed passenger i
ship bound for the United States with I
no contraband in her Cold cargo, was!
torripdnpr? without warning hv a snh- I
marine.
It may be a week or more before
Germany is heard from further. The
report of the submarine commander
must be awaited in Berlin and it is
known that sometimes ten days or
more elapse before the underwater
boats return to their bases.
In the meantime the state department
will continue compiling evidence
forwarded by Ambassador Page and
consular officers.
In connection with tf:e -German ambassador's
communication today it was
recalled here that three days after the
sinking of the Lusitania the ambassa
dor presented a note expressing the
sympathy and regret of his government
for the loss of American lives.
There was no attempt, however, to
deny that the Lusitania had been sunk
without warning, and blame for the
disaster was placed upon the British
government, which permitted a vessel
carrying contraband to sail with passengers,
including neutrals.
It was reported tonight tf.at Count
Bernstorff expected to come to
Washington shortly to discuss the situation
personally with Mr. Lansing.
Mr. Lansing said that no engagement
had been made, though he would be
fn spp thp ambassador.
C
President Wilson and Secretary Lansing
were in communication several
t;rres during the day. TT*ey conferred
briefly after the department had sent
the German ambassador's message to
the White House. The usual cabinet
meeting was not held today, and it is i
probable that, the situation will not be i
placed before the cabinet until the
German explanations and all report?
from Ambassador Page f:a<ve been received
and the president is ready to
shape the course of the United States.
1
Long Distance calls for i
radius of several hundred
1 f 1-% r% A K /N I
All 1C05 LI Id i 1 UilC UUl
of flour at a total cost to
"Since then we have ;
Bell Telephone to every f
most profitable results,
rates are reasonable and
- r rv^ nr.
in one bori^ jltisuluic i <
a dozen letters"
SOUTHERN BELL T3
AND TELEGRAPH <
BOX 163, COI
I ARC vm
*7
to
Panama-Pacii
a
San Francis
Dipffn C
by one of
VADIADI IT PPFr
M. JL-% I *M4
I
If so, write the under;
j? i!.i J i _n ?i.:
iares, ioxuers anu an paru>
Excursion tickets pe:
famously attractive and
T. C. \
General Passenger Ag(
A.i . r
Atlantic l
The Standard Rail
\OTirT? OF TXETTIOJf IS BIG I
CREEK SCHOOL DISTRICT >'0. 20.
Whereas, one-third of the resident
electors and a like proportion of the
resident freeholders of the age of 21
years, in Big Creek school district, No.
20, of the County of Newberry, State
of Sout/ii Carolina, have filed a petition
with the County Board of Education
of Newberry County, South Carolina,
petitioning and requesting that an
election be held in said school disfwirt-f
nn +Via finoctiftn nf IPWITIP' H RTIP
II lbt VJLL uv/wvivu V*. . J - ? 0 w. ~J- cial
additional tax of two mills to be
collected on all the taxable property
located in the said school district.
Nov., therefore, me undersigned,
composing the county board of education
for Newberry county, South
Carolina, do (hereby order the board
of trustees of Big Creek school district
No. 20, to hold an election on the |
said question of levying a special additional
two mill tax to be collected on
ti e property located in the said
school district, which said election
shall be held at Big Creek
Tinnsp. in said school dis
trict Xo. 20, on Saturday, August 2S,'
1015, at which said election the polls \
shall be opened at 7 a. m. and closed j
at 4 p. m. The members of the board |
- * i 1 i
of trustees 01 saia scuooi uismu,
si-all act as managers of said election, j
Only such electors as reside in said
school district and return real or per
1 r? n A TXtTi f\
sonai propexiy iur wAauuu, auu nuu
exhibit their tax receipts and registration
certificates as required in general
electicus, shall be allowed to vote,1
One I
Experience 9j
Convinced Me ^
"5 f 'i. *7 1
f oi its value
"One of our salesmen
demonstrated tho
value of the Long Dis
tancc Telephone to us.
He was at Huntsville,
Ala., and upon his own
responsibility put in
Fifteen merchants within t
miles.
ir he had sold 2100 barrels
us of less than six dollars.
applied the Long Distance
eature of our business with
The service is line, the
there is more satisfaction
dephone talk than in half
SLEPHONE
COMPANY
-UMBIA, S. C.
i
J GOING
the I
ic Expositions
1,1/
sco and San |
alifornia
the many
)IRECT ROUTES
?
signed for low excursion
:ulars regarding your trip,
rmit stopovers at many
scenic points and resorts.
VHITE,
jnt, Wilmington, N. C.
"oast Line |
road of the South.
Electcrr, favoring the levy of sucte tax
shall cast a ballot containing the word
"Yes" written or printed tfcereon, and
eacii elector opposed to such levy siiall
cast a ballot containing the word "No"
written or printed thereon.
Given .under Our hands and seal on
this the 10th day of August, 1915.
CKAS. P. BARRE,
S. J. DERRICK,
J. WHEELER,
County Board of Education
for Nevberry County, s. u
! NOTICE TO TRUSTEES.
It is utterly impossible for the
County Auditor to know the location
and amount of real and personal property
in districts having a special tax,
unless he has ti.:e assistance or Lne
trustees? of the special districts. I
therefore request and urge that all
trustees of special school districts
meet in the Auditor's office at different
times between now and the 15th of
* " 1 " ft r? /? A/?lr ATTAT* A 7* A?
.-iUj-JUI&C, lJiU, a.Liu vutvn. v ? ti v- v, * -w
turns and place the amount of real
and personal property due to be taxed
in their respective districts.
Eugene S. Werts,
7-27,td County Auditor.
No. 666
This it a prescription prepared especially
for MALARIA or CHILLS A FEVER.
Five or six doses will break any case, and
if taken then as a tonic the Fever will not
T nn fVia 1 tttav
ICIUIU* Al awui V/U Uiw AiTVi wtftv*. ?
Calomel and doe* not gripe or eickeo. <5e
i