The herald and news. (Newberry S.C.) 1903-1937, October 05, 1920, Page SEVEN, Image 7
RESERVE BANKS
BACK FARMES
BYRNES PUBLISHES CORK
SPODENCE WITH HOUSTON.
>
^ Secretary Referred tc Treasury E
partment Net B?.nks?In Accord
With Hardin?.
The State.
Aiken, Oct. 1.?Congressm
James F. Byrnes cf Aiken toci
made public telegraphic correspor
ence with Secretary of the Treasu
Houston, which shows that the sectary
in his statement of last M;
day referred only to the attitude
the treasury department 3hd had
reference to the policy ol tne k
^ eral reserve bank system in d
counting the paper of member ban
The secretary advises Mr. Byrr
that he is in accord with Govern
Harding's definition of "orderly m;
keting" as meaning the marketing
the cotton crop gradually. The te
gram of Mr. Byrnes to Secreta
Houston on September 26 reads
follows:
"All trade reports indicate yo
statement construed as intention
^ federal reserve bank not to discou
notes secured by cotton. Satisfied tl
not your policy. Statements of Gc
ernor Harding in his "Clevela
\. speech defining orderly marketi
+ tvj rl A
was reassuiuig cuun,
you are in accord can you not iss
statement as to what you meant
'orderly marketing?' Any cour
other than that outlined by Gov<
nor Harding would result in specul
tion by mills and buyers at expen
A of producers." "1
Reply of Houston.
i f x
Secretary Houston's repiy 01 i
29th states:
<fMy statement is, 'I am in favor
f every legitimate effort to promo
the orderly marketing of all co:
^ modities, but the government qan n
be a party to an undertaking to he
commodities off the market to enat
the owners artificially for specui
tive purposes to maintain war pric
or higher than war prices."
"In speaking of the government,
course, I was speaking particularly
the treasury. I was not speaking
the banks. Th:y are not the gover
ment* My stai -?ment was induced 1
* * - -Li- - J. 4-v.^r
a request *oi peopie mut me uw
ury either deposit money in cri
moving sections co that it revive t
war finance* corporation activitic
Either of these things would r.ccc
sitate the treasury's borrowing mo
money at the high rates at which
is now borrowing to meet current o
ligations. It has no money to d
posit except for government pi
poses. The war finance corporate
^ould only assist in financing e
ports. This power was given at
time when it was feared that e
ports would not go forward. E
ports have increased steadily to enc
,mous proportions and are now ru
Jning at the rate of over S8,000,00(
000 for the year.
Could Not Bcrrcw.
"Obviously the treasury would n
be waranted in borrowing money
further stimulate exports or to d
posit for lending purposes. The trea
ury should net be in the banking bu;
ness. It may interest you to kne
that six times as much is being r
discounted in certain reserve ban
^ for crop moving sections as has ev
been deposited in such sections by t
treasury. There is no conflict t
tween my statement and Govern
Harding's. He was speaking for t
reserve system. I have assured th
I am in favor of the orderly markc
ing of ail commodities. Govern
Harding asserts the same. The ban
are lending more mqney today to a
riculture and industry than has ev
before been lent. I have repeated
expressed myself in favor of ordei
marketirt and of the promotion
?cooperr '"e marketing among fan
ers. I c'r not see how I can add an
4 thing t.; he statement. My insisten
on the J! :sirability of orderly ms
ML keting is pointed by my statement
to the unwisdom of enterprises ho]
^^^ing commodities off the market ar
ficially fcr speculative purposes
maintain war prices or higher th;
war pricei. I assume that the gre
mass cf the people of this count
J ?" - A v?/\^ + ! * A liysnir
WUUIU lecuglll^c UUu \JUI\I nic nil tv
dom but the illegality of such an ij
dertaking."
No Danger cf Panic.
In publishing this corresponded
Mr. Byrr.es stated he was satisfy
- that the speculators nkow that t
't secretary of the treasury was st:
ing the policy of th? treasury depa:
ft vi /J ? A4- r??>> ?r
IliCIiL. ?i:u liVIk UlliiVU.A'l.^, Mil;
in the policy of the fedora! reser
bank system, but that they used t
statement of Mr. Houston to ra
the market, and frighten product
into selling their cotton. He stat
"Goverrcr Harding has time a:
again stated that the federal i
serve board will aid member ban
furnishing the mcr.ey necessary
f orderly market the crop. In his pi
pared speech delivered at Clevelai
' ^ i
ijhe defined "orderly ir-as kcti/.v:'' aJ
covering a p^.v ! of ninths and in
^ his statement. t.f i\- V*,er '<,
| appeared in th( Richmond Dispatch,
he suidi "Every reasonable assii'tante
\t!*j Ve granted to l':e i:a:.:.::
in this res-lion 1*! nnirkel th cr-n.vj
j gradually." Seereiary i:1 !:i
, the view of (loverif.;!- Hardin;-;. Mer.:
! bar banks rc tdy i:> a.sist lir.'
t producers by landing nsr.ey or. c otnn
1 ton stored in wurokou-cs and the ff !a_
era! reserve banks ;<> disi
count such paper for member b;- n
1 There is no excuse for ramie. Pro[ll<
: '
rc_ ducers should folio v.- the advice ci
)n_ithe American Cotton a-^.ialion.
of! -*?r
no ; GAMBLERS IN BASEBALL
id-1 - ARE WIDELY ORGAIZED
is
ts. (Continued From Page 1.)
ies
returned at tnc. regular tin?."
,r_ "Happy" Felsch. who yesterday
said he got $3,000 from the gamblerjc_
for his part in the crooked work in
; the last series bet the same rum cn
'* J
i Cincinnati at odds of two to or.e and
i made another $10,000 for his
^! nefarious work, it was reported to1
clay. This will also be probed.
^ ! Gar.dii Hi :?i Hospital.
| Whether other members of the
band of conferred crooks bet against
IV- i
, i their team will also be investigated,
n d *"
| It is ncrrible that one or two others
r/r 1
' of the indicted ball players will make
i statements in connection with the
US
, t i bribe expose. If any do, howeevr, it
* i will not be "Chick" Gandil, who is
*se
ill in a hosoical in Texas.
irja
He is reported to have said there
! is nothing to the charges ar.d that the
50 1
i other Blavers are trying to make a
' ? goat of mm.
i ? i
i Charles Risberg is likewise renoit- :
Vio i *
: ed to have said he had nothing to
i confess and that "if anybody squeals
^; on rrie I'll put them out of business." j
lte i Oata Lightfoot, assistant state's
rn"! attorney, through whose hands all in:0*!
dictments pass, said it has been It's
i J ! x
j intention oil a]cng to delay the rei
turn of the indictments against the
[o 1
""j eight players and two gamblers'until
es j State Attorney Heyr.e gets back from j
! the East.
of I tt :~ tt
JW! 1". iiuyne IS lii l!i" j.ic>,jvu i;
| several supplementary investigations
0 j in connection with the baseball scr.nn"^day,"
he said. "We have not intended
^ j to rtfake any return of the indict- ;
IS" | nients before the court until Mr. |
j Hoyne returns because we want some
of his information scoured in the
:s* and there i: nlro !he mattrr of in'
*
: dieting ether {rambler?. V.'o inter..]
rc ; to return all the indictments at the
" ; same time. As for any friction in .
k"' the office, that is all false.* We are !
e" igoin? alon-r as we intended to do."
ir" i There was little doubt today hut
311 j what other players and several x~*,
biers would be indicted. Reports
a j from New York to the effect thet the
x" | gamblers who fixed the 1910 world's
. series got V-^v.'JUu will be'invcs.i'r_
:gated when the jury reconverts.
n" j Chief Ju3tice McDonald today con*>"
j firmed reports of the countrywide;
;scone of Hie operations of the br:-:e|
ball gamblers. He intimated that
jthey are widely organized.
[ At the instance of Justice Charbrv
c" ; McDonald o" criminal couvt subncels
>
51- j
ksi
e" r ' i*M{ 3 h & > s#rJ:J 5?? v
or ! !i llit! 3!}??lUfelfe ftiii ci
5! JMMiMfcKrwD
s I I
i--1 v Amk> ? j
! H? |W&r'jlp l\!: i!
t! ljB? m-?zz-iv
i Bs^^ag '^.-- ' > * --.v^ ;apM!i ||
i j ??5SUV- ' ,.""\ -K- ' i V C' -r;r!:)
>1- i ? P !i ??! t?! -k;
!f I I ili^^
d- j | & M'.
ti- 1 m 2$? *? ?#?
fi hit \sa* y[ ;' ' r.-:' *' 'an
j | pr j "^v-"'
at! I fel Specie
is_ The S?ECL\L-S:X
in" j teti to OS ''ike iiec-J.
S ?l pjc-nty cf
? 1^! whole far.::;*', re
co I | ifj3 exception-Ey :
0;* ] i || turen. rcari
1 f?? ecoiiomy fji'lLer
nt- ? !? * '> -v?fc??}-?.fj.I
P >
jj p2 i-ive-pa:^::;-;cr v
vc i ??-h- p;e
cnFASRnxz^ ir.".crmec!..ic ?.r.
he inch vhoe^.-'v..
1^1 comfort fcr five
JTS j | Kk\ All Stuceba'-cr Cnr.!
1 SHfe Cord Tires?another S"
nd | j ||jj " This is a S'tu
fcs! ! Jig Mc HARDY
to j
\
T!;'.i5t it is report'-i.'. v. "c i/.ruci ?" *!
! ii.uit.it i. '.ii;:. i. <>
i.f tj > \:c> i:-j fo.nyrjv.
( f ill * >' 'o;\\! ) | *
. , 1!: , ; . < f <
!\ r " . i ^i: i-cm- ! P
pa?,;* *.:: :-':-i pie?-.:. : ro-ici'v:: wi'h'l'
.. . Mo. V) S . /. : : ;l, a
; '*! . > :i! ' . . iy:-, ; . a'ja
< <ii:: ,i^'?.
i
o
i ;v; York, ::'J. "To my
l.T.-.V/Iriiv. !c ; ! v
at Ifcail thr ) D s \vov!<:
i series/' declared Abe Atteli in a pre- j a
liminary . ixtc-ne.--. < ." his r-^neetson | j,
*vith Ijie 11 Scitii''c.I r-' -uo'I to- j j\
ida?? i - u jh
: ticUbrs," the boxer r.:M. "I never:...
handed any money 1j White Sox j
players. 1 nevtr nc-te.l as n 'fixer.'. *
There is rc.r.e nir.ete; whi.'h has j .
evolved and rp era ted ti e whoie-j",
scheme. Of ceurre, he v;a3 assisted |
i by other:;. Hut I d ? r.uI care to re- j
. vc;:l them at present/' j "
j All the Brooklyn pbvers vviil he I
on hand at 9:30 tc-r?iorro-v mornirT
to answer anv oa'*st-ons ?*r'ct At-!
' i ? -n.- t.r T." i r I ^
ici r.c.. ii.ii'.v i.. 0: n j
:.iay put to them in Jii-, c- Tort to clear ! ^
the Brooklyn team of -the rumored jk'
| charge that an attempt has already!
been made to fix the? fo.'tlicomire" l'
world's series. C(
'"I want it fully under;.cod that so r
! far as I know there is not a breath
of suspicion against any member of
the Brooklyn team,"-said the district
| attorney today.
"What we want to f?nd out is
; whether any of them have been approached
by any gamblers. It is the
gamblers we are after."
"All of us are anxious to run these
rumors to the ground," said President
Charles Ebbets of the Brooklyn
club.
Manager Wilbert Robinson said:
"Certainly J am not aiv?id of any
investigation, nor am I afraid to have
#
ar.y cf my players Questioned. I have
not been approaches by <ramblers.
Likewise it is most certain that none
of my players have been approached
to my knowledge."
Charles A. Stoneham, president of
the New Yu,-k Giants, who arrived
aboard the ?i earner Morro Castle today.
declared:
"Absolutely r.o mercy should be
shown any crooked ball player or
gambler implicated in this affair. I
believe the reports of crookedness
on the Brooklyn team are ridiculous,
T krriv TY-Mp'-ry.i to Ve on the
level. ' U'. I believe ilw -hould be
r.lvu: a t'^rcu.'rh ;,.vf"-L.::;::t:o;i. From
what I know of his player' I don't
think r.r.y of then ai*e crooked."
.? i i - - SAYS
AwTCLLTZ FAST FOH 43
DAYS WOULD EE IMFC3SIELE
New York, Sept. 0.?Forty-eisrht
dnys of absolute fasting wcr.l I be ir.ipe:rib!e.
Food in "omc form :s being
adrni};!~tcrc<l to Mayer Ma'.Swjney,
however, unecnscicus of it h:? may
be. '
This was the opinion offered here
tcciay by Dr. lYiax brteveiJ. Dr. uneven j
is a member of the stall rf Lenox
Hiil hospital-and has worcd as asrirtr.n;
to D:\ Ehrhorn. famous
stomach specialist. He sivi:
z\sx.-zj*sc^xs33mj .vnr.vvr-MJi" cr-nR-i ? ..cssr*
|g g
fi$ fel'ipmSS?*j?, k
||!Sjjf; fey.?
? j j IPli
L?JKmlm
i|m0f, i!sU ;?i|
n--- <?X>
,? >*'"'Jifc's" *1 A**'WiU
<:' Jf
^ I
r * c/ ~r: ft
?11 I
III
iL-'SLi fc?'l a
fj*; i j
>c c fica referred !& 1 i
fanrl'y ec.;v' It t'p 1 j
;::cn for \>.c i
C-..v.^ ?4A1U * * 9
Ktoy-' ai.j f.a; jlfe^ 0 J
i'.v, po.v.-" end ^3 b
Lo!t? to make |g| ?
y v:,'ws aasoeg jj|| <j
IP I
...lc-hcr^l ?c!cr; V. ?) I
_ i * o t ' ftvufigy.'
emission; iu* ? f TKJ |
ivins maximum %\xZ??fc- V v1.)
" I. >wrya>i..'W..?- r. '
passer^.-s. ppjr fl
arc oc;'j:pp~'! wi'.h fj&j >j
:~.acba!cer precedent. liR'i
m *
dsbaker Year" f.-v ?
f W{ i
MOWER, |p jj
'utor. ii* ?
' |
. /
/ . .
? y
"it is my belief that the lord mayor! c
1
f ( Oi iiJ"S'i i; 5"'11 '.!.(! < .
hi!i* .Si... l f ' i I :
!. i ill) : f: !i
1 o v< 1V : ; ' (! y ' i(/S-li'-if,
ill W. ; :/
eriod <: * : ' ;t
) c":j; it ; :! : i.? '
"If . r y.:-' :i !,
!>kttes would It;?'! : :;; * hi:* t :.1
iA K * * '* ' ^
orn:?vJ f-.;.-* I t-*i ::2;
i/iatc: i". :'*.(' : lo - v *i : ,
:ui the I u:. r ? of th; ^
cdy arc -i:;;*-:c ?- AIjo th:act
that ! :" remain* * . : would
idp hi:-> to !:v;t lonye.*." {;(
I)r .?! I'V;!! id l ho Iri.-h"i:inV ?
:trepM dcti nn'r.nlion to win wouM iN
;>t ivv]n i:i {he bodily tk'.'it for iife.
''Such unoaujiiet; :*.":? . ".iv.*lit keep
:m fcr a day cr "two," he stated,
but not 1o:v.t.-." . c1
"Besides afier such a-Ionic r wiod cc
ic faculties become diminished and iS
;e mentality jrveatjy blurred.''
Dr. She veil c; oressed doubt con-1
irr.injr ths ?>c-?rsibilIty of anyone who ! to
;c fasted -if) days "c cmii-pr back" . P:
food is administered. I! .> cor.- j
i 1 (>1
rued: i ?
"it is diiliculr t > ' -.te positively |
nt. a r.crnal a--.' ;:!;vrk-:;I !
ir.diticn ctuld "cL be refined. IIov.*-1
I
T ''^N- x?1920
.
> ' ,'\
I ge'
Select your tires ac?
j cording to the roads
i C they have to travel:
3 , In sandy or hilly coun<
?, try, wherever the ?oinc
is apt to be heavy?The
U. S. Nobby.
For ordinary country
rc?ds?The U. S. Chair
H cr Usco.
For front wheels?Th<
U. S. Plain.
For best resultseve
ry iv h e r e? U. S
|| Royal Corcls.
| EUWLCORD ^WEY'CmivSCQ
I J. J. AMICK..
. L. G. OXNER.
I , NEWBERRY I5
/ T . M <
' v/ ft A V j2> 9 A ^ -* . k '?./ V
Lv ? v; .?* -
' ...
. 1
!: ? Ij"'.7'c.
. -i' : o::.
I';. y?:;i :r - w; *. a
m i\ i.tr ./; .? '
rilr. i . . . ' :
I ! : ::< ! v he:' i ! = " fc-i! : ; ! ,v
i'h i '-.. i u "si 10 i v Os'
: : ' : K'i* i
.'ad wood.
orIce oF Itockholder
fuEETING OF NEWBERRY ALT
? .\mo>: *y r * T.?/^-7c*r"
L.itivCu t .
I?11 ovc.-r f;" ;:.e : Cl d.i'OctOi'3
: the Newberry Alliance Warehouse
;mpany, - meeting cf stockholders i
hereby c;.lic-.l io meet the ;v :
ill at Prosperity. S. i".; on October
1923, at II o'clock a. ;v... for >he
ivpese cf cor.si.'ering a resolution
? dissolve and liquidate said ccmir.y
and to authorize a sale of its iot
:( *.v: ivhou'e in or near* the town
l Prosperity, Newberry county,
tuth Carolina.
John X. Fea?.le,
J. Ti. Keitt, President.
f'-cc. and Treas.
\
' sr&fM
;vV,'5
v /j
,WT "
Iff p% 1 n
ms^?dm a i
IPpf^ ^
I vl
/^jk
M
11
* <
f
lu thinks ai
&
THE railroads we
responsible. But
until the automobile
its present state of
ment that the okl
against travel wer
broken down.
- II '
>
More people ow
; mobiles today th
thought of owning
and buzgy in the ole
That's because th
motoring has oeen
__ within roach of the
||1 citizen's pccketbooJ
|j|| We look upon it s
our job to iceeo
rL'uii v
if- -r-fzx'.--* ' fryr- T V1 f7*
lAf tcwii L ivi C*aC/
the jrictrz the
priced ceir there wc
g. 9 ?
s ? ?rVfr'S!F2 j'
h ,& r; ^
^ ' *? $ g <$> i
/IACHINE & AUTO Vs.
^ . . .
. j- - . -.U : ' Vs3fe?&
i' K '
4 ' > V ^
-> ..- ' o A y ii "
30^Ti ffC^l
. \ A ' j fi ' . ? \ if " *"
*- - l-'-,r
Vi'.< ?/
Si ' ;>
i for the booklet "Our ?fr
- vf hv.; n;ul Daughters." Full of Gc
' - ? t' ^?<* tr?r.wA /-.! . 1 /I r >/"
I'.! tvc-ij' UiilULl JMJUUIU
1 have: including voluntary testiT
. . . Mil
y inony nnd advice irom Tromen m th<
p all TTa'lrs >>i lu?o T.'iio kliQ!Ls l>y Fo
experience vrhc.t Stella Vitae ou
jr *will do for vromen.
jg 8tel!a Vitao is the famous pre- -m
|i script ion of an old family phy- cu
1 under agreement that if the first te
" JHACHER MEDlCi^E CG- ^zi
v- <r>'.; /K^
jr$$&&?& % ?*$ga?**yP
jP'"" ' ' '' -"- ~
|g Wi&^m
mm
MM& WW 0*
.. i;.' f-Vw'jS- S?
.- - - m ?B|
\..r.w; ;'<**< .*?{ 'VwVI l&sl i
m
- ' gzy'r ?;& }? ^'< ; { ; ?lv<- 2
*' 'k > * -v :*V"[ \? -7 r\ S^--eL'C3Z% ?
r^si p if in ijgHRjWi
7^7 yi J | 1
?aS*?^^S^^s1kl ?I
X.
f /
ng 5 ,,
?% n aWfc a ?=a /?S *?? ?. a ?
u .' ? '- ' * ' -5 ' V'7 |i '.1 . . J v. < '. .?
j c v -iJ fJ 'J 'J V ? fe \s3^ \/w
0 xSP .
r, s
^8^ V^?3
d>B8 d- 8?W'
u
:re partly much in this tire
\
it wasn't us.
; reached ///
develop- ' The less a rr
barriers spend on motorin
e finally important it is tt
should be of first
Any tire is noiz
for the small car <
n auto - wants a tire that v
an ever just as much for
a horse in the small size
i days, car man gets for
y ? in the large size,
e cost or
u - . TV
average thinking ovc
of tires we woul
in this comrnuni'
as part c-i to put curs eh
here. Is place of the car <
trade ci we believe we hi
medium when we se!e<
-r<0 T ?rp?
i. ^ J.... t_?
3 i&Z'j ri o.
V., c rs ?s & d :~~*t ,<% ? ; fa <rv
?53 O :1 it '6 m kJ ? 0 9
, Chappei
Kinar*
f " ' f ^ j ; piir r> pp
V> jkU'kU ...i \ v w syCi
;..Silverstre
", > .^. T !_ IILI M
1
*
. . * '
/ ^ #
few #
i - ii\f _
.? *??.- <-? i;.i-.<: ..r>v.
o. J). Z>. Hamilton, ct Mimr-T,- gji
Bcute 1, writes: 4 'It gives ||
> pleasure to testify to tho ||
GOlit which both my daughter rtj
d myself havo derived fron |I
3 xite oi SiLLLA v ITAE. fcj
r soir.o tine the doctors of ^
r neighborhood had treated a
? daughter without success. ||
le bottle of STELLA VITAS M
three weeks' time completely |9
red her. 3ly own health Lr.s raj
en restored by STELLA ?8
TAE; and no doctor has been, gg
lied upon to treat any niera- |j
r of ray family sineo I began fg
ing lir. Thaeher's Heme- [j
tt&noojTs, T?^ ?U. S. A. jQ&f
. -.fTrrr - S
L K' J
t. ' 1 <
V j
|f% [
I? s
m
i ? i m ' "
I
business for 1|
lan has to fj
ig, the more gj
sat his tires |j
: quality, w
rood enough 1
owner. He
7iil give him
' his money |
as the big |
bis money | *
:r what kind 1
a represent ^
fcy we tried
/es in the k
>wner. And
t it exactly 1
~<re>A TT Q 1
*?a y w# * Urf/ o *fi
3J fT77* gi
tii i?J
[Is, S. C. I '
UX.S} a t
ry, S. C.
efc5 S. C. I
^ I