Historical Newspapers of South Carolina

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CARLiSLE E IM RIE - STATEMENTOF HIS POINTS BEFORE THE HOUSE COMMITT E~xitanati-oU of t0"' 1:~ ~ttr~" H&' Plan of Carre,-WN ~ ('~* to Ques-tiOnLS From l embers of the Con mut tee. W~5ism'.ro. Dec. 10u.--Sumdin at the foot of the long table in thn'e ways I and meanis connittee rwm of the House this morning.Secretary Carlisle explained in detail to the banking and currener committee the plhm recoi mended by him for the new ba king law. All of the seven-teen memessof the coimittee exept iOur-Biack of lili nois. Brosius of Pe1msyivania. Haugh en of Wisconsina lirs of Ken tucky, were in their seats as early as 10 o'clock, the hour for which the hearing was called. Culberson of Texaswho had been detained at hone by reason of illness in his famill y. hur ried to Washington to atten( toda's meeting. The hearing attracted a ae nm-a ber of rel.te.ntatives in addition to the memberst f the committee. Anionr those present were Wilson of W est Virginia, Hooker of New York. Sinod qrass of Kentucky.Turier of Georgia, 2. K. Cowen of Baltimore. member elect of the next Congress and Senor Remere. the Mexican minister. When the committee was called to order Secretarv Carlisle was asked by Chairman Splinger to explain what would be the practical workiners of his currency plan. In answer, IYr. Car lisle saia that he had come to answer questions of the committee and to make a statement of his plan. but not to indulge in a general argument, as that had been done already iu his an nual report. Proceeding to take up his sugges tions seriatim, as they appeared in his report, Mr. Carlisle read :hte first two, -as follows: "1. Repeal all laws requirr or au thorizing the deposit of United States bonds as security for circulation. "2. PermIt national banks to issue notes to an amount not exceeding 75 per cent. of their paid up and unim paired capital: require each bank be fore receiving notes to deposit a guar antee fund consisting of United States legal tender notes, including treasury notes of 1890. to the amonnt of 30 per tent. of the circulating notes applied for-this percentage of deposits upon circulating notes outstanding to be maintained at all times and whenever a bank-retires its circulation, in whole or in part, its guarantee fund to be re turned to it in proportion to the amount of notes received." In explanation Mr. Carlisle said it had come to be ganerally believed that that provision of the law requiring the deposit of United States bonds as se curity for circulation was a failure. He believed it prevented elasticity of the currency. Passing without further comment to the second suggestions. Mr. Carlisle said he believed that this provision was perfectly safe in guaranteeing se curity to depositors. The treasury re serve, he thought. should not exceed more than one-half of the outstanding circulation of national banks. Mr. Springer asked Mr. Carlisle to explain the difference between his plan for retiring circulation and that of the Baltimore bankers; and the Secretary gave a brief sketch of each. The Baltimore plan provided for cir culation up to 50 per cent. of the capi tal stock of banks without any deposit whatever, but subject to a tax fund raisttromrihich was to be used in relieving funds of failed national banks. If this does not become large enough, the government is to relieve the funad, looking to the banks for re payment. The government plan was that a separte fund of 30 per cent. of the circultion should be held for each bank, and in addition there should be a safety fund, raised like that of the Baltimore pla ;but if this fund should not prove lrge enough, the Treasury Department might assess national banks pro rata on their circulation. The government, through this means. could lose nothinn. In further expianation Mr. Carlisle said that the banks by his plan are called upon to keep the safety fund intact; in the Baltimore plan the gov ernment was required to do this. "My plan, said the Secretary. "requires the national banking. system to support it self entirely, and relieves the g'overn ment of all connection with thie sys tem, except to furnish notes and hold the safety fund. Mr. Carlisle said his plan did away with the present system of redemption of national bank notes. At present national banks could send their muti lated notes to the treasury angl receive in turn new notes. By the new plan t.he overnment was divorced entirely fpmti the redemption of these national bank notes. The government was re lieved of all responsibility in the mat ter. In answer to Mr. Johnson of India na, Mr. Carlisle said that the idea of the plan was that the strongest banks should carry the weaker. If a bank failed so badly that it could not pay its notes, the ultimate liability was placed, by the Baltimore plan, on the himsel the ultmte iability was placed on the banks. Mr. Johnson wanted to know if Mr. Carlisle throught the banks would agree to this. The secretary answered that the banks must speak for them selves: he was looking out for the in terests of the government. To Mr. Johnson (Dem., Ohio,) Mr. Carlisle said that one great advantage of his plan was that it would furnish elastic currency. The entire national bank deposit would not be filled up to the limit of the plan unless the busi ness of the country required it. Un der the present system, if a national bank desire to retire its 'circulation it must send to the treasury lawful mon ey of the United States, or the requisite amount, but it was not allowed to withdraw this amount for circulation under six months. Under the new plan a bank might retire its circula tion today and increase it tomorrow. Mr. Walk-er (Rep.) of Massachusetts wanted to know whether Mr. Carlisle had drawn a bill embodying his views. Mr. Carlisle had a sketch of such a measure and he promised to furnish the committee with a complete bill as soon as he had perfected the draft he had dictated. Mr. Carlisle took up his suggestion that "no national bank note to be of less denomination that ten dollars, and all notes of the same dlenomina tion to be uniform in desig'n: but banks desiring to redeem their notes in gold may have them made payable in that coin, the Secretary of the Treasury to have authority to keep on hand, ready for issue upon applica tion. a reserve of bank national bank notes for each banking association having circulation. This suggestion, he said, would have the effect of placeing silver certificates of small denominations in circulation. The idea was not to issue national bank notes of less denominations than $10. This would force the p~eop~le to call for the silver certificates which were now piled up in the Treasury. The silver certificates were, of course, redeemable in silver dollars. He be lieve that the due notes issued under pariv with gold. To 31r. Sperrry tDeI.) of Conilecti ct Mr. Carlisle s!hl his plan contem platid the himaw reireet of green )aks and notes issued under the Sher tmtan 1aw. aid tlier' wvould then be li 0t1her paper of the government redeenm ale ini gold. "We should then be on a sil ver ba sis." said Mr. Sperry. "No said MIr. Carlisle. on a rolt b)sis." Mr. Sperryv wanted to know il should the tie ever Ce)' ,hen there was nto tpapier of 0h- ove-nient re deemabhle in goh. the d141 o Rf ti governmen woul n ' e :d hi silver. To this 'Ir. Cisle said th: then wo11l not be cio Itrh silver i to do his. Fur hermre, the d''-bif t he ~Overn* men-lt were paid in hirge i!!s. Ti i silver wNas needed4 for small1 cin. Su sidiarv coin wa piled 1pn the a ov byV tridesmena-l, hlmkscould no I'' li out, and therefor-e it wassn to h ash ington for redemption in i-'e den/p tionl ;1n lar1- denlomlinlaions'. be Treasurv Den11-twent fIondLI it Would b)e dime'uh"I inl getting this m;onley into circulation again and the Secretary thought there woild therefore be no great delalntd for silver inl payment onI govern"nIt debts. Taking up his suggestion. that the circulation of State banks be exempt fron federal taxation, under certain conditions. MIr. Carlisle said that theo retically he believed that the govern ment had noright to tax State banks. although the Supreme Court had held that it was perfectly legal. He thought that it might be a good thing, however. to retain the tax, but it was the inten tion of tile plan suggested by him to lesson government imterference with these banks as far as possible. It was contended by 'Mr. Carlisle in answer to several questions that it was necessa r-y to give the government authority as was contemplated in his plan to in pose a t ax on circulation of State banks if they did not comply with the con ditions imposed by fe'deral law. This was the only way the Treasury De partment had of controlling national banks which refused to comply with the provisons of law applicable to them. Mr. Carlisle said that he believed that the State banks were necessary for the needs of the people for local purposes. He believedthat the plai would give a needed elasticity to the circulation in the rural districts. Secretary Carlisle said he would re turn tomorow morning and read to the committee a complete draft of his bill, embodying his currency plan. CARLIsLE's CURRENCY PLAN. WASHINGTON. Dec. 11.-Interest in the second day's appearance of Secret arv Carlisle before the banking and currency committee of the House was shown by the promptness with which the members of that committee gather ed this morning. With few exce)tios all were in their seats at a quarter-past 10 o'clock. Pending the arrival of Secretary Carlisle Horace White, of New York addressed the committee. - He said he had drawn a bill which embodies his idea of the Baltimore plan but which had not been adopted by the Baltimorc committee. He proceeded to read at some length a carefully prepared papet covering the genieral subject of bank ing. When White had concluided Secre tarv Carlisle, who had appeared some time previously, addressed ite com mittee, and reaid the bill he had pre pared to carry out his financial views. When he had finished reading his bill Mr. Carlisle explained that Section S repealed Sections 9 and 12 of Act of July 22, 1882 Section 9 of that -Act authorized deposits of lawful money by national banks to withdraw their dposits of circulatintg notes. It might not be absolutely necessary he said, to repeal that section if the proposed plan adopted. but still the spirit of the section w~as that no national bank shall retire in the aggregate more than $3, 000,000 per month, and, having done so, shall1 not be allowed to increase its circulation within six months. Sec tion 12 of the Act of 1882 referred tc old certificates and their suspension hen the gld reserve fell below a hun dred million. dollars, and concerning this prevision MIr. Carlisle said it . was not good policy for the Government to establish a ware house for the deposit of gold, and to issue certificates against it, for thte reason that this gold, or a large part of it, would come into the tresurv and stay there if thtese certifi cates w'ere not issued against it. But still the repeal of this section was not an essential parti of his schemxe. His ownl view was that it would be beni?ii al to the Gov-ernment not to issue these certificates, but to have the treasury hold gold and pay it out so as to get it into ciculation. To MIr. Brosius, of Pennsylvania, Mr. Carlisle said that his theory con cerning national banks was that the Government should be wholly div-orc ed from relations with them, except in so far as it was necessary to throw safeguards about them in order to in sure their stability and reliability. His belief in this connection was based on both constitutional and practical grounds. THE BILL INTRODUCED IN THE HOUsE. WASHINGTON. D. C.. Dec. 11.-M1r. Springer, of Illinois, today introduced in the House the financial bill which Secretary Carlisle read to the commit tee on banking and currency. The bill repeals all Acts and parts of Acts which require or authorize the deposit of United States botnds to secure cir ulating notes issued by national banking associations and such notes hereafter prepared shall not contain the statement that they are so sectured. National banks are permitted to take out circulation to the extent of 75 per cent of paid tip capital. Circula tion to be a first lien upon assets. A tax of i of 1 per cent per~ annum on circulation is provided. A satisfactory safety funtd for tile redemption of nlotes of'failed banks is rovided by a tax of per cent per an un tuntil the anmounit reaches 5 per' rent of the total circulation. Sections and 10 of the Act of 1882, relating to the cor-porate extensions, and Section 31 of the Act of 1864. providing for a national bank currency, are rep~ealed. Section s: of the bill is as follows: That the Secretary of the Treasury in is discretion may use front time to ite anty sur-plus 'revenue of thte Uniit d States itt the recdemnption and re irement of Untited States legal tender notes, but the amtount of sucht notes retired shall not ini the aggregate ex eedl an amount equal to 7') per centt. of the additional circulation taken out y national banks tunder the provis onts of the Act, and hereafter no nited States notes or tr-easury ntotes uthorized by the Act of July 14, 1890, mntitled "An Act dlirectinig the pu ~hase of silver bullioni anu~ the issue f treasurv niotes thereont and for oth r puross, for a less denomination Lhan $110 shall be issued, and as r-apid r as such niotes of denominatins 1less han 810 shall be received into ithe :reasurv they shall be cancelled and t equal amounit of notes of like char ctetr, but in denominations of 810 or~ nultipes the-reof shall be issued in hcir place, but nothing ill this Act' shall be so construed as to r-epeal, or naymanner affect, thte second see! Section 10. That thte use of circu lating notes issued by a banking cor poration, duly organized under the shall be exempt from taxontioi lilr the laws of the United States. winu it is shown to the satisfaction of tih se r'tirv of the Tre::sury aind the c-int tre r of the Curreyiv: 1. That suvlh h0:mk a at no tunl had outstatdiag its circuilItin~ .ots in excess of 75 per ceit of is paid up and uimpai)Ziredratpiti!. 2. That its stockholders ave i i - ua!iv liable for the rIedem:ption I 1 circulating !not es to tIe full tNtent 0f their owne(shli? of stock. but this siall not be reuiired i11 tile case of per)sn lihlding stock as ex-vul'ors. admmiais trators, uadmsor trustecs, it'flte asseuts :m11d funds il irll' hands ar-e i able in like ume and to the sameo extentO us :hle lestator. inltestate, wVfrai i p)es itelrested ill such flunds: \w0111(l I. if livingt and colipeteilt to) act and1( hold( the stock iln his uuwn 1. That the circihtioi notes conti tute by law a first liell upon all the as setts of the ban1k. 4. That the bank has at. all tiies kept oil deposit with an oilicial of the State autiorized by law to receive nid hold the samle a guarantee fund in United States legal tender inl notes. - eluding treasury notes of 1S0. eq ual to :30 per cent of its outstanidmig eicu lating lnotes. 5. That it lis promptly redeeied its notes at par on demaitnd at its pril cipal office. or at one or ilore of its branch offices, if it has branehcs. Section II permits State banks to use the distinctive paperused im primt ing United States securities. but no I State bank shall print or engrave its notes in similitude of United States notes or certificates or national bank notes. A MERRY CHRISTMAS. Do soimi Act to Make It a Happy One For Your N<-Ighbor. Scarcely less wonderful than tile imystery of the first Christmas night is I the mvsterv of the perpetuation of the festival. sa's a writer in Once a Week. It is a far 'ry enough from the shep herds who fended their flocks on the hillside of Judea, and the believing kings who followed the star from the east, to let us say, the average Amer icain citizen, and the modern rulers of kingdoms. Reverence and simple faita are not exactly the prevailing characteristics of the former, nor do the latter betray sufficient keenness of interest in things supernal to warrant the supposition that they would leave their kingdoais and go forth laden with treasure to follow a mysterious sign in the heavens. Yei withal Christmas brings its message to these as wcll as to their widely difrerent prototypes of nearly two thousand Years ago. The echo of the angelic voices that sang of peace on earth. good will to men. still resounds in the heavens on Christmas night: and brothor is reconciled to brother. old enmities are laid away. past sins for iven, and the bonds' of friendship and family affection drawn tighter over the Christmas board and round the cheerful hearth. The rich and powerful still open their coffers and. with larme-handed liberality. scatter their goons lTrong the poor. thereby imitating tihe Magi of old; for is it not written : 'Whatsoever ye shall doun to the least of My brethren, ye shall do unto Me?" Thus, in spite of the evil forces with which modern mate rialism and 'infidelity are seeking to subvert the influene of Charistianity. the Star of Bethlehem is still in the ascendent, and Christmas is the great es and most joyous festival known to tecivilized world. A Merry Christmas. then, let it be to all: A divine religion is not a sad one. It brings peace to the heart, and joy is an exuberance of peace. Therefore let the bells ring out, and hang out the mistletoe, and bring on the smok ing turkey. sand gather round the lire side, and join in the frolics (If the youngsters -anything, everything, so that the day be merry, and all hearts rejoice hecause Christ the Lord was born. Forget for a time the cares of busiales, the pressure of hard times. the threatening future. Lock up the family skeleton and. with it. all frownis and htarsh words and petty ty rannies and jealousies of conunon days. If you can lose tihe key of the lset. so'much the better. If not. even the brief respite from ugly cares will leave its benediction in your heart. and quicken your longing for the re turn of the festival of peace. If you.hiave no fireside of your own to enliven, seek out the desolate hearth of some unfortunate brother. There are many forlorn little ones to whom an orange and a picturebook would be a foretaste of Heaven. Play Santa Claus to such, and you will find your Merry Christmas in the reflection of their innocent delight: or carry your and lonely creature whose last Christ mas it will be on earth, and earn a blessing that will repay your efforts a hundredfold. There is, happily, no monopoly of the joys of Christmas. IIf they do not come to us, we can go to themn, We have but to open our hearts and stretch out our hands, and the messengers of peace will come gladly trooping toward us. It will be our owvn fault if we have not each and ll a Merry Christmas. A Night of Terror. ATLsnT, Ga., Dec. 12.-An electric storm prevailed over a large section of Georgia early this morning. It broke in Alabama about S o'clock. In tile lowver pai't of the State it was at its height between 3 and 4 o'clock. In some sections the storm was acconm panied by a destrutive cyclone, which moved in a genieral directiont from south to north. At Reynolds. in Tay lor county, the destruction was ap) p~alling. 'A special to Tile. Constitu tinwavs tht kveytun its p~ath weie blown in some instances more than a miile. Household and kitchen furnittre was blown for many miles. and in sonie instances. was entiirely lost. Ten houses, with household ef fects. are total wrecks. Eighteen or twenty Ihouses are p)artially destroyed. All the large trees in oneC portion (If th town are uprooted. The p~ath oIf the evloiie was over 11.0 yards wide. In the forest beyond tile town huge trees were twisted as if thiey were sti'aws. Three negro churches. large frame b~uildings, weire wiped fromi the face of t'e earth. The timlbers wer'e scattered for miiles. Mi's. MI. A. Powell lost a (rn house and seven other farm bulild ng. The iesidence of 3Mr. N. B. New lolCe, cupie~d by hlis family, was to tlly demol ishedi. Sevecral imemb ers of iie famUlily were pinne~d down by ievv timbers. b~ut wer-e rescued with in. seiousii inji,]isI. The hlouse oIccu-1 pied by 3r. J. If. hfollis was wrecked. Two0 tenanit houses5C occupliedl by Nat1 Christopherai anid Percy G-ray wer-e to-I talir demolishied, and their contents were~ bilowniaay The occupanlts of tie Gra'v house wvere blow in lto a c(ot ton patch a huniidraid yards away\. Nearly every memiiber of the famoily had bones br'okeni. A\ house owniedl and occupied by Bud G-ry color101ed. ~as blown into the niext coutyt and ie as injured. A tenanut hiouse. of E.= colord, wVas blownVi dlown. Thie fall-t ing timbers caught a negro girl about ten years old, and badly crushed her. The night was one of terror, TheI w..1li town was panic stricen. 2 4K1 POWDER A Lt'd! Pure. A ereaus et tri: mong rrow Hlirherst of al il tlaveiny stren1h.-Ls er-t united S.'~r.. G"v..I'.4-r10 Flood Re port .,al 'lakine Powde-r tcompant 106Ci Wail St.. N Y T!LLMAN ELECTED SENATOR Over lUtter by a Very Large Marjority In Bnth House%. COLUMBIA. C., Dec. 12.-The elec tion for United States Senator took ilace in each house at exactly 12 o'Clock. There was no joint session and each body voted on its own hook, There will be a joint session of the two bodies today at noon to tabulate thw vote and declare the result. Ex-Governor B. R. Tillman was elected United States Senator over M. C. Butler by a vote of 131 to 21. George W. 3Murray. colored, received two votes and W. D. Crum, colored, one vote. The House cast 102 votes for Till man, 15 for Butler. 4 for Murray and 1 for Crum. The Senate cast 29 for Tillan and six for Butler. Senator Tur'ner was absent and did not vote. The absentees in the House were Messrs. Barkley. Shuman and Wil' lianson. Two of them would have voted for Butler and one, 'Mr. Shu man. for Tillman. The Charleston members did not ap pear to be dead stuck on voting fox Butler. as all of them were absent when the doors were closed to take the vote. They appeared at the door as the voting commenced. The Speak er ordered the doors opened for their admission. In the Senate Butler did not zet the full Conservative vote. Walker of Georgetown voted for Tillman and Turner of Chesterfield nianaged to avoid voLinrg. The House vote was a strictly factional one. A rousing cheer' was given in the House gallery when the vote was an The House agreed. on motion of Mr. Cooper, that it should make nomina tions without sp)eeches. In that body 'Mr. Thui-moud of Eldgefild nominated B. R. Tillman of Edgefield. The nomination was sec onded by every Reforrit county in the State. Mr. Patton of Richland nominated "Gen. 1. C. Butler of South Caroli na." dwelling on the 'South Caroli na" in contradistinction to M1r. Thur monds "Edgeiield." The Sumter del egationi secon ded General Butlerr nomnation. The- vote in thre House was as fol Tilhnran-Aihler, Barry, Blackwell, Bowman. Breazale. Breeland, Bramn lett. Browvn. Bunch. Burns, Carroll, Carrothers. Caughmran. Conner, L. S.. Conner. J. B.. Cooper. Crum. Davis, C'. M1.. Davis. W. C.. Duncan, Eadens, Earle. Edwards. Elder, Ellerbe, Est ridge. Finikley. Floyd. Fowler, Garris, Gary. Gaston. Goodwin. Hammett, Hiar'dy. Haprer, Harvey. Haselden, Iiott' IHolis, Holloway. Hough. Hun ter, Hum phreys, Il derton, Johnson, B. J., Johnson. W. J., Jones. Ken nedy. Kinard. Kirk. Lancaster. Lem mon. Lesesne, Leverett, Lowe, Magil11 Mellard. M1iles. 31ishoe. M1itchell, T. P, 3Iitchel. J1. WV., Moore. Murray, Mc Intosh, 3McKeown. MicLaurin, ID. W., MceLaurin, J. F., McSweeney, Nun nery, Otts. Phillips. Pickens, Pollock, Price. Prince. PRainsford, Rast. Robert son. Rowland. Sanders. John G., Sin gletary, Skinner, Sturkie, Tatum, Thomoson. Todd. Townsend, Thur mond.' Tyler. Wallace. Warr, Wat son. Welsh. Whritmire. Williams. T. S.. ..illiams, L. J., Williams J. G., Williams. . red, Winkler, Wolff, Wyche, Wvmannr-1 02. ]rutler-Adams, Bacot, Devereaux. Dothage. Gadsden. Lofton, M1anning, MIehrtrons. 31ellett. Patton. Pyatt, San dr's. A. K.. Thomas. Weston. Wilson -15. Anderson and Gregory. two of the colored members, voted for George W. 3Murray. making two votes for that renowned black statesman. MIiller, the other colored member, voted for WV. D. Crum,. another colored statesman. The Senate permitted brief speeches. Senatoi' Watson of Edgefield nominrat ed Captain Tillmnan. saying that his name is a household word. He re viewed the history of this great po litical leader. Senator Norris and oth. ers seconded thre nomination. Sena tor Norris made a capital speech. Senator Barnwell placed the name of General Butler in nomination. He said that no politics animated him in his support and nomination of Butler. It was a debt of gratitude he owed that "grand soldier." Senator MIower seconded the nomination. The vote in the Senate resulted: Tillman-Barton, Brice, Brown, Byrd. Dennis, Derham, Douglass, Dur bose. Etird. Finlev. Fuller, HIarrison, ordan. Kirkland. Mfauldin, 31ayfield, iller. M1eCalla. MIcDaniel. Norris, TDell. Raginr. Sanders. Stackhouse, Stribling. Williams, Walker, Wat sor. Wilsoni-29. Uut ler-Barnwell,. Buist, MIoses, ower. Sloan. V'erdier-G. Neither Butler nor Tillnman was resexnt whren the vote was being tak e.-Rlegister. A Brtishx Act. Grrran:x. O. T., Dec. 12.-Race rloblles have broken orut in the Oak ~rove schrool district. As the children ere returning from school, yester :rv. somre voungsters made odious enrk~rs about a colored girl in their (mpany.r Thie girl attacked the welve-vear- old son of G. WV. Greath os. terinrg out hris eyes and biting 11 onre ear. She then crushed the >ov' sull with a rock, producing L"t. The. girl escaped. The'negroes rke thre girl's part. and this may lead Smore trouble. sh.ot by, his swee'thearrt', Side. H?suNEtxO. Ky., Dec. 11.-armer lavton shrot Thromars Driv-er, dead in he'road r--ar hris hrouse, two miles 'rom Di xorn. Webster county'. Clay )on ha~d forbiddenr younrg Driver froxm mavirg at eniionms to Ihis daughter, and seranin~g that thre lovers were toge her the ild xman seizecd his rifle. :oughrt out Dr'iver and sho~t him (lead )v the side of his dau;ghte'r. Clayton urredered ixnnediately. hjmred by a Lion. Losnox, Dec. 11.-Advices received 'o South Africa announce that Ell ington S. 3Mackey. a surgeon attached 0 I. 31. S. Teonrer. on Lake Nvass, "as killed recently by a lion while it shooting. A fewv years ago Sur eon 3Mackey was the rampion 50 iml icyrr-I rider of Ireland. COLLECTING THE MONEY. I [CONTINUED FnAM PuE ONE. stock or funds are not the intended beneficiaries of the exemption. Collectors are required to examine the articles of incorporation and busi ness methods of corporations claim ing exemption, and where such are not within the class specifically ex empt, to cause return to be made for taxation as in the case of other corpo rations. The tax due from salaries of olicers and from pay of employes of the United States is to be deducted from the first excess payment over $4. 000 by paymasters and disbursing officers. It is provided that no part of tl salary, fees or emoluments of any State. county or municipal oflicers shall be subject to income tax and no return thereof shall be made of the salary or fees of such officers. Salary received by government officials in 1894 shall be included in the first an nual return to be made on or before the first Monday in March, 1895. Appeals in the first instance are to be made by dissatisfied taxpayers to any judge and if dissatisfied with his decision the appellant may have the entire cause with all papers and evi dence relating thereto transferred to the commissioner of internal revenue for his decision. Severe penalties are inposed upon all officers and other persons who make known in any man ner, any fact or particular contained in or relating to an annual return of any taxpayer or any information as to the sources or amount of the income of any such person. Collectors are strictly directed by the regulations to rigidly enforce this provision. The tax on incomes for the year 1S94 will be due and payable on or before the first day of July next, and if not paid at the time, the penalties will attach for non-payment. The full text of the regulations con tain about 75,000 words and will not be printed for distribution for a week or more. Cleveland's Plan. There is considerable enquiry as to what effect the suggestions of President Cleveland will have on the currency should they be carried out by Congress. A New York Banker, who has made a study of the matter, says that if the President's plan is adoptedthat it would add something over $300, 000.000 to our. circulation, and lie says that this sum would come in use in local circulation to a large measure. At present, the capitalization of the national banks and of the state banks, which might come in as dispensers of circulation is about$950,000, 000. Under the spur of the proposed law, the capital might rise in the aggregate by the opening of new banks to a round thousand mil lions. This would permit a banknote c-culation of $750,000,000. At pres ent'there are out in paper money $102, 000,000 in gold and silver certificates: $498, 000, 000 in United States and treas ury notes, and $207. 000, 000 in national bank notes; in all, $1,107,000,000. The national bank circulation would be retired and the 30 per dent of deposits of United States notes required by :.he Cleveland plan would absorb $225, 000,000 from the $498,000,000 specified ab~ove. This would make a total dis appearance of $ 423,000,000, with an appearance of $750,000,000 new money, or a net gain of $318,000,000, provided the banks took full advantage of the opportunity to get money, The Cleve land plan aiffers from tle Baltimore's association plan in the requirement of the 30 per cent deposit of _greenbacks or treasury notes and also in requiring the banks' to attend to their own re demption instead of having the work thrown on the government as at pres ent. The redemption of bank circula tion is now one of the most onerous and troublesome duties of the several subtreasuries and of the treasury de partment. Under the new plan the bank would send the notes of other banks to the banks issuing them for redemption, and would thius keep a sharp wateh one on another. We do not profess to know much about the financial questions at issue, but we are free to say that we are in favor of the adoption of President Cleveland's plan if it will add three hundred million dollars to our circulation. That would be a long step in the right direction. and wvoufd lead to still further improve nments in our currency matters. Caged in Columbus. COLUMBIA. S. C., Dec. 12.-Yester day was doomsday in the United States Court and theBarrett conspira tors got their sentences. 'When court met yesterday morning with Judge Brawlev on the bench, At torney Blythe for 0. P. Barrett arose to make a motion for a new trial. Be fore la proceeded to argue the motion District Attorney Munphy made the point that Attorney Blythe had not complied with rule 35 of the district court, applying to motions for new trial and that therefore no motion could be entertained. Judge Brawley said that under a strict construction of the rule he would have to dismiss the mo tion, but taking all things into consid eration he would hear the motion. The hearing was fixed for some later day and will be heard in Charleston. In the case against Jackson Counts, ex-postmaster, Judoe Brawley dis missed the motion of'iMessrs. Alston & Patton in arrest of judgment on the round of improper drawing of the ury.. Judge Brawley held that the ju ries were properly drawn. Mr. Alston gave notice of filing an exception to the ruling of Judge Brawley and the case will go up. Judg-e raw~ley then called on Jack son Counts "to stand up," and askina' him how long lie had been in jail, ana Counts replying nearly seven weeks, Judge Brawley sentenced him to two months imprisonment in Richland county jail and the payment of a fine of $1'00, for illegally disposing of stamps. Judoe Brawley then called upon Chas. '). Barrett. J. 'Wesley Owens. John T. Tillman. Rcht. J. McElwraith, Thomas J. Hanon and Clareince Lee to stand utp. Owens was at home sick in bed. Tillman is a fugitive, somewhere in Texas. All but Tillman and Barrett and two others, who are still fugitives, Thompson and Hatcher, will likely be pardoned by the President, having turned State's evidence. Judge Braw~ley sentenced the men. who were tried and convicted as fol lows: Barrett, 18 months imprisonment in Columbus, 0., penitentiary and a fine of $3,500): Hanon, 6 months, and a fine of $1,000; McElrath, same; Lee, 3 months and a fine of $1,000. Killed Without Provocation. _ CIIAI: sTox, S. C., Dec. 13.-W. ML. Norton, a white man and ex-police man. today shot and killed Janmes Middleton without a pparent provoca tion. It is believed that the cause of the shooting was that Middleton has 4 reported that Norton was dlealing in I contraband whiskey, in violation of the Dispensary law. Norton refuses Lo make any statement. Blown to Pieces. NORFOLK, Va., Dec. 10.-Informa tion has just reached the Public Led ger that the boiler of E. M. Short's saw mill at Washington, N. C., ex ploded at 7 o'clock this morning. The killed are Mr. Short, owner, and four nege Several othes were injured i means so much more than you imagine-serious and fatal diseases result from trifling ailments neglected. Don't play with Nature's greatest gift-health. e you are feeling out of sorts, weak and generally ex N g hausted, nervous, Cop n Bhave no appetite and can't work, begin at once tak s g the most relia ble strengtheninbg Iliii. redicine~which is r~nv ri Brown's Iron Bit ters. A few bot tes cure-benefit TENS comes from the very first dose-if ra Ner os aire ts Get we thtyae gn inei lia codne otsO eio to ta e wle hae bugt en uu s Davepsws and bionend tvel BNCo iCaLn CO. BAlToRE M rge parte one trou itoen Won te great me-ithosan nrer the are us erain gloos are b e tisfiede t b.moe aild wentrst ou ein afl on' Buar Tiesend Goo- d.: TRW HEA COTMA NE M Weu have oug hr t v en larghe -tstodpvako, and weitedtosl laere arcortin too you ae ~ Whan a grehat frl foriyea WHO -HELPS YOUR POCKET If you will give usa chance will help you. Come and try Yourls truly, UCER & BULTMAI Srmter, S. C. P. S. We are helping to cwn t jte trust by buying Sugar Bags, t epest covering for cotton bales.. no have not tried it, do so. ESTABLISH ED 1868. L. W. FOLSOM, - Sign of the Big Watch, - SUMTER, S. C. LINE 0 -Watches, DiamondIs, - STERLING SILVEU, CLOCKS, )ical Goods, Fine Kuives, Seissors ar Razours, Machine Needles.Etc. tephen Thomas, J. & flr #ERIY, SIL.VER & PL.ATED WARI Spectacles, Eye Glasses & Fancy Goods. W~atches and JTeweiry repaireaL 1 orpetent workmen. 257 KING STREET1, C A RLESTON, S. C. Mannig Co1r legiate Institute, A~ATNING-, S. 0. Do You Lnten d to Educate Your Children I If so, Patronize, the, Institute. Why ? B.-ea'se the ~ist: is well equip -o for its work, and offers advantages that are not. to be fouIn elsewIe::e in the county. Besides the advantages in the courses of stild, moderate tuition rates, cheap board, healthfulness of the town, comubined with others of equal importance make it to your in terest to send here. ReLeac'. Consic1er! Send for enb:'Lne. E. J. BROWNE, Principal. WM. SHDEPPERD & CO. LARGE ASSOR TMENT Goods, Etc. --OF Send for circulars and price lists. No 232 Meeting St., CHARLESTON, S. C. PERCIVAL M'FG.CO "Cr .96 MM n-UD DOORI : SASH, : AND : BLINDS. 4 78 to 486 Meeting Street, CHARLESTON, S.C 1W OTTO TIEDEMAN & SONS, Wholesale Grocers and Provision Dealers, 172, 174, and 176 East Bay Street, c) 4 MEA L Its - ar C . S. c. Save Your Eyes! Palmetto Pharmacy _:o: Wben you need a pair of spectacles don't buy an itifefior gass. You will tind none: better than Company. PERFECTED CRYSTAL LENSES _ D ACharleston, S. C. , t! AIL. Express or Freight goods to any Il '.p i.prt of the United States or abroad. Orde r' receive promfpt attention inmmedi a atly~ upo receipt. In sending money for \artiel-s not qruoted in this lis or our free ctaloguei, send the amorunt of retail price les20 per cent. Any difference will be cis ~ rtred by next mail Onr business is -OR ,TnicTLY CAsH. Goods sent C. 0. D. to re sponsii~le partiesa. We solicit a share of e THE CELEBRATED your mail orders. ~i~a'~ :-~ia~nta- : ~c A l1 4lcock's. Porous Plasters, Prce 25r Belladona Plasters, 15 25 ~Capcine Plasters, Benson's,- 15 25 -: EYE --GLASSES. - :- -Alicock's Bunion Plasters, large 18 25 Alleoek's Corn Plasters, 08 10 For sale by Our Little Liver Pills. 15 25 DR. W. M1. BROCKINTON, Cuticuria Resolvent, 85 1 00 Cuticura Salve, 40 j0 Manning, S. C. Catienra Soap, -15 25 __________________________ -Anti-Pain Plasters. 10 25 e4 BUY THE'~ ierRglto e10 IJGHT fRUmuaG PendnTEocetsto2llnn 7.,1.Y. for ourDprize iamee"Brind Stckl"ann AleliewHtme LinimMacnne Co Simon's EmLion, 0euao 7 1 00 Chidcheshte , nnyrfoaPs; 1 850 2 .0 All's 1Sirup 2fHpophts 0 15 Pennre~ orit Piescrpto 75 1 00 PI,~ -:nyoaIilsL710 2 Scotts Emulsion, 2 7 an 00 Cod Liver Oil, pure, 45c, pint, 50 Cod Liver Oil, pure, 80e, quart, 1 00 A Castile Soap, 12 oz cake, 10 15 . ~Casti'e Soe p, imiiporteri, pwr lb.. 2) 2.5 . . West's Nerve & Brain Treatment 67 1 01) Phosphodine, 85 1 00 - Extract Witch Hazel, pints, 20 25 Ffl4ST~/ MOt JCarter's Little Liver Pills, 15 25 ~e W~fD WORK EA5I e *We elaim to have the best stock of .40 ruggists' Sndries, Perfiamery, 'Tooth, ?1.. Nail and Hair Brushes. Comtbs, Sponges, Chamois Skins and Toilet Requisites in the fiCity.We can mail over 2,0001 articles in therug. line, :iuywhere, and pay' special SendTENC~fl~tO2$ UionS~., Y~ attention to mail orders. We will mail our win Ne Hom Seing.achn*. catalogue to any address about April 1st, 1894. While this catalogne is not com plete The~w~oe~ewng~chin~o.it will give s'oe idea of the stock we ORANC,~AS. ~. carry. C?.oisf FOP- S.ILE BY **: 7 IN T E T W. E.BROWN, MANNING, S. C. (One Door North of Wentworth.) ~ .5VTHEN FRIT~LWM. N. BAHR~ & BRO W. HMIXSO, Manger. DEALERS IN AND) MANUFCTURERS OF - IMOoRTE~is AND WHOLEsALE DEALE~IN OgCakes Biscuits and Plain FRUIT~ PRDUCE ~and Fancy Candies. Tiui an VeeaIehii acae1t Penny Candies and Chewing Gums. French MIixtures and -) 217 EAST BA,( Chrystallized Fruits, Charleston,8 .3f ii tet HILS, S. C. peOrders solicited, promptly shipped. *3 : ION.RA ENL crflyselected. ~Ces & C. ar ii timsare just th:ime-sto econnde. o.NtnsadSllWr, Wh-:no econo izeinfotwe:ir by puirchia-ing -.AMES MEANS' sHOEStr er~ii thle bsthey arc surely the mo0st economaical for yolconorl is the true soure of wealth. Lave the TO:E A7LW M e'$.00, .20 .00, $4.00, or MNIG.C 6.00 GHlOE, accordirg to your needs. Of~ei ttsbidn.Seilatn For sale only by Moses Levi: Man- to ie l uiesi i hre . nng, S. C. JosErHE F. R HA ME. W .C. DAVIs. JDNST ATTORNEYS AT LAW, Lv ~ohr'dygossoe 3IANNING, S. C. -_____________ OHN s. WILSON,A.LIAW Altorney and Counselor at Law, jNtr ulcwt el soit i MAN ~ C, t.C.1.0 PKing Sqee, inHARLEgated ca.s . sJ. ~n.E .SM~.R .PIG Jon2n reS& 0.