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I^cLAlKIX TO RESIGX HIS WAREHOUSE POST Says Governor Has Yiews Other Than His for Fntnre of Storage System. John L. l.^icLaurin, in a letter adIk dressed to J. Arthur Banks of St. Matthews, copies of which were distributed to the press yesterday, s:iys that he will shortly resign as State warehouse commissioner. The commissioner in seven typed sheets comments cn his purpose as follows: "It is my desire to retire as State ware house commissioner, and this is to advise you that I will tender my resination to the governor at an early date. My purpose is to give you an opportunity to take such action as you H may deem wise to secure a capable I " man as my successor. "I !have established the system, so far as I have gone, on a firm fioundation; we are taking in new houses nearly every day. and, in spite of the 4iig!h p-rice of cotton, it would astonish you to know how much is being stored. The present State administration faTors retaining the system on its pres" x 1*11^ T TTAW if? ATTAlAfV. PJ1I. casxs, WUU6 X IVO uocivjr^ ment upon broader lines. I can not W succeed with opposition from the State . administration. Admits Achievements* i "Another reason why I wish to retire is that I em tired of public life, I Twenty-five years ago, when I went to Washington, I found negroes in nearly all of the postoffices, and our people were restless and resentful under this condition of affairs. It finally culminated in the burning of a postmaster in this State and in Mississippi, and bad there not been a change there is no telling what might have occurred. I set myself to work with the determi| nation that, no matter what the cost I was to me personally, I would remedy this condition of affairs. The only I -way to do it was to gain the respect " J ?* tn fan<3 COniNieuce ui luusc m auvuv* , and miake them see what was right Personally it did me no good, and was a great "burden, but the benefit was not confined to South Carolina. The policy which I succeeded in getting McKinley to inaugurate, and Roosevelt to carry on, was extended toj every Southern State, and has practically settled the negro question su iai ao politics is concerned. My reward was j the charge on the floor of the senate! by my colleague that I had sold out; fOr patronage. I advocated the prin-j ciple of ship subsidy for an American | I merchant marine, and pointed out | ft then what would happen to the South J A if there was ever a European war. 11 ~ ... ,,. i a ? ?. .TMihliA ! was tne nrsi mim iu mgu umw ^ f in this State to point out and oppose j | the Democratic party following Mr. i Bran in his erroneous views on fiF nance. Read the platform of the [ party today and see whether my views have prevailed or not. ^ ^floont ^cmrnaien there was ! I . Ail U?v yi\,wvw.v ? W not a candidate for governor in the | field who suited me. I begged you to run on the industrial issue, and ofI . fered to run for governor myself if you would run for lieutenant governI or. Wmen it was narrowed down to J Blease c.".d Manning, I supported Blease, and would do /so again under similar circumstances, because I knew that I could develop the warehouse system and secure a rural credits measure with Blease and that I could f never move a peg with Manning, i !Wthen I made up my mind to fight for Blease I did not do it in a half heart- j ed way, and I believe Tight now that if I had not got sick and had to spend a month in the hospital bnt could F have continued my canvass of this ' State, that wo would have won the fight on the first 'ballot. HoweTer,! what is to be will be, and I am not 1 crying over spilt milk. I Archbold Correspondence. "Senator Tillman refers to a letter I wrote Mr. Archbold, which he con- i strues into asking for ta, campaign contribution, when he and I resigned to fight it out 20 years ago. I have explained in tie public prints the circumstances under which this letter -was written, and so long as my con-, i science is clear I care little w-hat any r one else thinks of me. I might reply to Senator Tillman by calling at- j > tention to charges of corruption against him, which he has net and! can never satisfactorily explain. This j I -will not do, because he cc.n not help acting as he did in this cam' paign. He began life as a character i assassin and reputation thief, and f even now, when in dread of death he is trying to be a better man, reverts to his primal instincts. A J? motorifll fam trying to make my life work. "The State warehouse system lias: '*1. Demonstrated how easy it is to transform cotton into a negotiable security. "2. It has established a new fact I in economics, to wit, that you can | valorize products within certain limits i by giving them special privileges as | a collateral. "3. After the failure of the Wade plan, it poiifted out the true way to make effective the federal reserve law on commodity leans. I have on file in this office letters from the president of the United States, the secretary of the treasury and the president of the feder.il reserve board in Washington, which amply confirm ! these statements. Benefits of Warehouses. "If we never take another step, the State warehouse law has dene more for the people than all of the selfseeking, mouthy politicians in South Carolina have accomplished since 1876. U i reit tnai my presence ueiu mis an absolute necessity, I would smoulder my natural feelings of inI dignaticn and continue to sacrifice I myself, but I think that I now have the system where a good, sensible man can run it upon its present basis of furnishing a collateral. If there is any further attempt to develop it, I stand ready, as an outsider, to do all in my power to assist whoI ever may be in charge. What it needs now is: ."1. Licensed graders. '0 "Pk-ynni- ?oldm id* jl/iA uuavu, "3. To become self-suppcrting. "The insurance, properly handled by the legislature, can be made to support the system and furnish aid in establishing direct sales. Few realize the tremendous profits made upon insurance. We have paid out around ? 51 - au ^ I $80,000 in premiums, -wnue cue losses during that time amount to only $1,197. The system should be authorized to carry, at first, as much as 1,000 bales in one place, and a reserve fund, established from the premiums to meet losses. Cotton in excess of 1,000 bales could be reinsured on the same plan that I am Working it now or the State might become co-insurer and di.iJe the premiums with the same companies that ? - i?~ /\? AfVtarc are now carrying oui cutwu v* with which arrangements might be made. Licensed Grading. i "There is one thought in connection j with licensed graders to which I call your attention. At the time the State warehouse system started, there was no federal law upon the subject of erades. If we adopted the standard grades of the department of agriculture, and saw that they were enforced, either through iederal or State* law, with proper supervision the South Carolina grades would soon be firmly and the certiloitions of V/WWWS/?*w-v%., these graders make 7-ie receipts pass current in the money markets, or with the federal reserve bank. Then the portion of the act guaranteeing grades and weights could be repealed, thus releivins: the State of this contingent liability. It was necessary at the time, in order to get the State warehouse system started, but if this other plan will work there is no need for the State to run this chance, if the receipts will pass -without it. "There i& another thing: I think that the members of the State lWkrehouse association should establish a farmers* bank to handle our receipts, and to accommodate the small State hanlra PTlfthte them to COEClDete, in discounting receipts, -with, the national banks. I do not mean that this bank should bid for deposits} or do commercial business in any way at all, but merely handle paper eligible for discount at the Richmond bank. If the small State banks were thoroughly alive to the situation they would see . that this -was done. On Cotton Prices. "Now, I wish to my a word about ! tne price of cotton. We are in th? | midst of the greatest inflation of mon ey and credit that has ever occurred in the history of the world. It is due to the war. I think that perhaps this has had as great an effect on prices as a short crop?I will try to put it clearly, so that our farmers can understand I it?the first step of the allies was to declare a moratorium. Then "when the I attempt to resume specie payments I - was made, tne aecnne in ioreign exchange 'between this country and Europe threatened to become prohibitive of all trade, Tngland tried to sustain the exchange value of the pound sterling1 by selling tack the several j billions of dollars of American securities held abroad. "Tko doman/i fnr war material and sums, so tremendous that the mind' can hardly tike it in, were not paid in nicnev, but in the way of a credit in 1 ? ' * the purchase of supplies in this coun-j I try. The trade balances are no longer; ' ' ' 1 - ?1-1 O (^n ! SfcLllSCl 111 OiU, UUL in L1CUHO uao<-u | products. If this be true, then the United States has made herself a party ta the European inflation caused by ! the war. '??? - - ? ^ o Inrtcf ""1 Here is a lime tuinuig, a. iviif, j ways off, when, just as has occurred | ' after every war in history, there will be an effort to reduce an inflated currency, and prices of products will go down lower auu CI until uv>. | torn is reached. But until that time j comesf the trend of prices for products is upward, because products will grow dearer as money and credit grow cheaper. The general public has * J dim idea of this technical situation. No ' cotton mill will contract for future - * ? ..?% "1 ? /vontfl i i delivery on a oasis uuuci j.v j Twenty cents a pound for cotton if the present crop were 15,000,000 bales.1 ; would be no more, with the money situation as I have stated, than 10 cents in 1913. j "With a demand for 15,500,000 bales | of American cotton, and a crop which ? *11 A ? r\rrryr* 1 1 _ I do not oeneve win mm u U t a- jl,000,000 bales^ with Europe bare of stocks of raw cotton, and its goods practically consumed, where should j cotton legitimately go when peace comes? Of one thing I am sure; in; fta.tion of money, easy credit, and the spirit of feverish speculation will put cotton ?,a much too high as it has been too low. Wiping all this out, it is easy to demonstrate that cotton, compared with everything else, is worth 25 cents a pound today. Here is what our people should do: Let the speculators sell the .paper cotton. The more they sell, the higher it will go, when they run to cover. "Let the farmer sell as slowly as POSS1 DI6, (lliU Yv liCii J-U&AAQT v? wm.^. the actual cotton on these paper contracts, a man can get almost anything he chooses or asks for spot cotton. This is the way to recoup the losses of the past few years. If we would hold t cotton off the market 10 days it would go above 20 cents. Then it would be just as easy for it to range from 20 I cents upward as from 15 cents down, i for nobody will sell cotton under 15 cents, under present conditions, exj cept from ignorance. When the OcI tober report shows that the crop is J practically gathered, and the shorts j start to cover, there is bound to be "i. stampede. When this is over, the u ?inAYnfahle losric wonu must i.a.uc. uuv w.? ?? -?&> that the price of cotton must go up to a point where the consumption will j he curtailed. Let any man ask himI self tne question, Where is such a ! point, when war inflation makes monj ey and credit cheaper and ever cheapi er." j AN AROUSED PEOPLE RALLIED U CRISIS . 4 Gov. Manning in Address to South Carolinians Analyzes Result of Second Jtrimary. The State. "It once more proves that when the people of South Carolina are i 'brought face to face with a crisis | which they see and understand, and which involves the fundamentals of our liberty, they choose the right course and stand true to South. Carolina/' said Gov. Manning yesterday in an address to the people of South Carolina. The statement by the governor follows : To the People of South Carolina,: Our victory is a victory for the constitution and for law and order. At such a time a sense of profound gratitude to Alnignty God fills our hearts. The principles that were at stake in this election stirred our people to their foundation. Yfithout con I j sideration of personal preference, the , law abiding men and women of South Carolina rallied to the cause, in the face of a lead which was tremendous, I | and fought for the principles they j knew were right and the Homes mey j love. The result is victory of the j people in support of the constitution j and in the enforcement of law. It j once more proves that when the peo- j j pie of iSouth Carolina are brought | face to face with, a crisis which they j see and understand land which in ' iV- f rtlir ll'TlAr I VC1V0S lilt; luiiuaiiiciiociio v>jl uu? ~ ~ - l ty, they choose the right course and stand true to South Carolina. We (must now see that bitterness and strife are allayed and as citizens of one State and ms brethren in a common cause, we must unite in the ot*rvr-v nf nrvbm'ldine South Caro r : tobacco enjoyment as you never thought could be is yours to ? ? ?-? ??^-7 mitVlr OO 1/ {JII 111 Id 11 LI UiV/Xi uw> you buy some Prince Albert and fire-up a pipe or a home-made cigarette! Prince Albert gives you every tobacco satisfaction your smoke appeuie cvci hclluvca ov-i ; for. That's because it's made by a patented process that cuts out bite and parch! Prino been sold without cou 4-y* (vittn mioli VVC pi Old IV Vjuax* f>RII has a flavor as different ai And that isn't strange, eith< Men Bay Prince Albert every- rette t ?.i _ wrierz iooukkv u ?mu u? . ? toppy red bags, Se; tidy red A1D63 tins, 10c; handsome pound OUt C and half-pound tin humidor*?and^-that corking fine COIHI ""?<r-rvxtal-crlaMt humi- "Prirv r"~"? <or unn sponge-moist ener top that keeps the tobacco p v in such clever trim?always/ ciples for Vv'ihich I had fought and in i which T believe. These nrinekiles and ' ! that work rave been indorsed >by the people of South ^ .olina and I again consecrate myself with all the energy that I possess to carry them forward. To my friends, to the men tand woI men all over South Carolina, I extend I my profound gratitude and thanks.j ! Wftlirtn* norartnal nrpfATPTIPP ' ?? xuayu t *. vvr ^ **. v* *. , or the sacrifices involved and with an eye single to the interest of South \ ! Carolina, believing that the cause for | ' -u-hioh r fousrht was their cause, they ! I htuve performed a splendid work and ; j one which will be remembered j throughout the history of South Caro lina. I wish to say to each of tliem how deeply I appreciate their work and their words of cheer and congrat ulations and to'assure them that with j such men and women working for the i .1 ! good of South Carolina, her iuture is ! safe. To those honest land conscientious citizens who, not realizing the importance of the principles for which I stand, did not favor my reelecti n, I | appeal for a clearer understanding, j | and ask their sympathetic support of1 my administration for the ensuing two years. * j Richard I. 'Manning. The First Money. Money is mentioned as a medium of exchange in Genesis, chapter 23, and is supposed to refer to a time as far back as 1S00 B. C. The coinage of money is ascribed to the Lydians. a people of Asia Minor. It is. of course, quite impossible to fix any definite date for the first coinage. Long before any one thought to coin money it was made out of any durable substance ! that came to hand, such as leather tron, tin. bronze and even the hard Korlr tho troPS find stOIieS of the fields. The Hollander, so late as the I" middle of the sixteenth century, made j money of pasteboard. In fact, pretty i nearly everything in the shade of last- J ing material has at one time or an ! other been used as the medium of trade j known as money. .. ,?. Original Sea serpents. The National museum at Washington I contains a notable display of the bones of several species of extinct mammals which if seen alive in the ocean would be called huse sea serpents. They j I were carnivorous, and their long, slen- j der -iaw<? were armed with formidable i teeth. Although a few remaining individuals of the group may have given actual basis for the sea serpent stories, these extinct animals were not reptiles, but mammals which, like the whale and seal and otter, had happened to evolve in an aquatic environmentChicago Journal. ?, / Yet How Plain It Is! "Each dollar of this gold that is com lUP^8"" O. U>? r. of this ti< you will r s Albert has always 3SL.p*io J bos mad* pons or premiums. ?k* ?.' ty 1 m ICE ALBEI the national joy smoke s it is delightful You never t jr. who think thev can't smoke i can smoke and will smok rt And smokers who have not; certainly have a big surprise ai ng their way as soon as the; :e Albert tobacco will tell its ow REYNOLDS TOBACCO CO, OLD FREIGHT CARS. ? Why/t They Endure Before They Are Sent to the Scrap Pile. An average freight car costs about $750. but the refrigerator and speciai cars built for carrying perirhable goods ma.v cost tvo 01 three times that amount. The average freight car weighs about JS.Oih) pounds ana Lias a carrying rapacity of pounds of freight There lias never been a time when the companies had e>iou.u!i freight car?, to meet t!ie heavy dc;n::nds of trade in seasons of unusual pros; erity, and. though thousands of new cars are built every year, car famines occur every time the season's crops are ready to be moved. The numbed of freight cars that are strapped each year almost keeps pace with the number of new ones built. The scrapping of a freight car is one of the fine arts of efficient railroading, j A car may go to the repair shop half a dozen times before it is ready for the ' scrap pile. Not until the trucks are ; practically worn out so they cannot be renewed has the railway wanderer passed beyond its life of usefulness. J Even then every part of the ironwork is recovered, and such parts that are still useful go into other cars, before I 1 the.v are finally scrapped. The wooden platform and the boxed . in sides are the first to be renewed, | and then the coupling pins and mech- . ' anism. and finally the wheels. A I freight car will frequently use op two J sets of wheels before it is entirely j worn out and ready for final demoli-. tion.?Popular Mechanics. i INDIA'S FAMOUS ROAD. It Is Called the Most Romantic Highway In the World. Every one who has seen it will agree with the New York Sun that the Grand Trunk road of India is by all means J the most romaccic highway in the 1 world. That paper says of it: A stately avenue of three roads in one?the center of bard metal, the roads on each side ankle deep in sil ' '? ^ K.. /IahKIA rAiro Af very oust?iriu^w uy uuuuit i\j?t<7 v* trees, it runs for 1.400 miles through i the vast northern plain that skirts the j Himalayas, from Calcutta to far Pesha. ; war, which keeps sentinel at the gate ! of Afghanistan. From horizon to horizon it stretches 1 like a broad white ribbon, as straight as if traced by a gigantic ruler. And dotted along the entire length are bun dreds of serats (wayside rest bouses). -? ?- ? ? ??wl fnrvAfo/? cmtc* eacn nrilli iis arrut-u uuu iiinutu why. its spacious iwlosnre. where hu mans share shelter with oxen, ramels and goats and its central well of spar ?i'ofa?' For 3.000 rears the Elimalayas have looked down on this road and have seen it as they see it today. It has seen a hundred generations of men come and go. a score of dynasties rise and fall. And yet today it is to the eye exactly the same as in the long gone time when Nineveh was a proud citv and our ancestors gnawed bones ; 9 llBIIJlli I nf S til | asted the like of itI I a pipe or roll a ciga- I :e if they use Prince yet given P. A. a try- '"jig id a lot of enjoyment y invest in a supply, n story! , Winston-Salem, N. C | The Great American Smoke Fall in line with the redblooded smokers of the good old U. S. A. Smoke the ciga? ii- I? 1 ?~ or* Irene iuu<ilcu uiai o tu<. American institution for three generations?"Bull" Durham* The snappy, relishy, starspangled taste of "Bull" Dur^ ham puts the national spirit of get-up-and-hustle into your hand-rolled cigarette. 0 GENUINE "BULil ni IDUAM k#%#TOI T SMOKING TOBACCO Made of the choicest, mildest leaf grown, "Bull" Durham has a delightful mellow-sweet flavor found in no - ^ l? ? An,-] if s UII1CI Luua^^u. i ?? aromatic fragrance is supremely unique. c'Bull" Durham is the freshest, liveliest of smokes. Ask for^FR | THE AMERICAN TOBACCO COMPANY !ac. whenever Yoa Need a General Tonfj