Historical Newspapers of South Carolina

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LOUS APPELT. Editor. MANNNIG. S. C., DEC. 21, 1904. PUBLISIED EVERY WEDNESDAY. SUBSCRIFTION RATES: one vear...............1 saO Six months........................... 7 Four months-............ ........... ADVERTISING RATES: One square. one time, $1: each subsequent In sertion. 50 cents. Obituaries and Tributes of Respect charged for as regular advertisements. uiberal contracts made for three, six and twelve months. Communications must be accompanied by the real name and address of the writer in order to receive attention. "No communication 0 a personal character will be published except as an advertisement. Entered at the Postoffice at Manning as See on. Class matter. WORTH TEN CENTS. Frank B. Hayne Talks About Cotton. Frank B. Hayne believes that the government bureau report, estimating the crop of cotton for the current season to be 12,160. 000 bales, is too large by far, and this he follows up' y declaring that granting the accuracy of the government report, the logic of the market is at fault in fQrc ing 7 1-2 cents as the legitimate valuation of the staple when it should still be ten cents. Mr. Hayne says, in his published in terview, that he believes the estimate of Theodore H. Price 11,121.000 bales, will be nearer the-actual figures of the year's crop than the government report. The prominent cotton operator analyzes the cotton situation at length, and anno'unces as his con clusion that the staple, even on a basis of a 12,000,000 bale crop, should bring nearer 10 cents per pound than 7 1-2 cents. In con clusion he urges the cotton plant ers to hold their cotton, and to force the purchase of the remain ing portion of the crop at a figure representing the actual worth of the staple. "In response to your request to give you my views regarding the cotton situation, and what is the best course for the south to pursue in marketing the remain der of this crop, I will state first, the south should bear in mind that it is -oossible the govern ment has overestimated the crop. An error of only 5 per cent would make a difference of nearly 650, 000 bales in the size of the crop, and as the bureau's estimate, after all, is simply a consolida tion of the guesses of their vari ous correspondents, a 5 per cent mistake is by means an impossi bility- It seems strange that all of the cotton exchanges of the country, whose members are practically of everybody who sells and buys the crop, should uniformly have estimated same so far below the bureau's figures. The estimate of your paper was the nearest approach to the gov ernment's estimate, and you cer -ro n yu rtrns would be by no means improb able. Personally, I confess that I can not believe that a crop practically-picked and ginned by December 1 can have reached these'figues. "A few Mays before the last ginners' report came out. Theo dore H. Price stated that if the figures showed 9,000,000 bales of cotton had been ginned, it would indicate a crop of 11,022,000 bales, as he had received advices fro)m thousands of reliable cor respondents throughout the en tire south that whatever amount had been ginned up to the mid dIe of November would be88 per cent of the crop. As the ginners' report showed 9,785,000 bales of cotton, had been ginned, the jrpp thus indicated would be 11,121,000 bales. For myself I can not help but believe that this estimate of Theodore H. Price's correspondents will be nearer the mark than either that of the bureau or of your esteemed pa per. "But never mind what the size of the crop is, for some time to come the world in general will believe the bureau estimate is correct- The question therefore is: If the crop is 12,000,000 bales, what should be the legitimate price for what remains unsold? I think everybody will acknowl edge that if last year's crop and this year's had both been 11, 000,000, 10 cents for either year would have been considered the minimum price for cotton. I therefore can not believe that the unequal distribution of 10, 000,000 last year and 12,000,000 this year should mean that cot ton now should only be -worth seven and a half cents. It is my opinion the government's report was so much larger than expect ed that the trade is demoralized at present; but in a short time the facts of the case will be real ized, and cotton will regain its legitimate value. "-A great many of the south ern newspapers seem to think that while this low price for cot ton is a misfortune to the plant er. it means enormous prosper ity to the spinner. I think this is a mistake, and that the ma .ority of spinners, not only in America but in the balance of the world, would much prefer that cotton should not have de clined as much as it .has. Last summer, when cotton had de clined from 18 cents to 10 cents. every speculator and every pro ducer of cotton was bearish, everybody was selling the fall months around nine and a haLE cents. In spite of this bearish feeling and the enormous sales -of future -contracts, the market :would not decline but remained staead froPr months around those figures. There was no bull spec ulative interest at that time whatever; the market was sus tained entirely by tne spinner either buying future contracts or spot contracts from exporters who would buy the futures to cover the sale of same. At that time every one was predicting an enormous crop of 12,000,000 bales or over, and yet the spin ne. was willing to pay nine and a half cents. The spinner has bought cotton up to next July on that basis, and I cannot think it is to their interests to see cotton as low as it is at present. The speculator who sold this cotton without hedging with futures profits by this decline, but the spinner certainly is hurt by it, as he has bought the raw ma terial at high prices and now he may have to accept a low price for the goods manufactured out of same. "Even if 12,000,000 bales have actually been grown, it is cer tain that if the farmer could hold back one-half or three quarter million bales of cotton would certainly sell very much higher than it is at present. "I received a cable from a very conservative Liverpool house about a month ago, say ing that if the crop did not ex ceed 11,250,000 bales, it would mean seven pence in Liverpool; surely, therefore. 12,000,000 bales cannot mean four pence! -'Now, the holding back of that much cotton remains with the farmer. Of course, the banks cannot be expected to lend on cotton unless they are thorough ly secured. The idea that bank ers should agree to lend $40 per bale on cotton when it is only worth in the country 835 per bale, is of course absurd. The banker's first duty is to see that he protects his stockholder; and he has no right to make a bad loan to a farmer or anyone else. On the other hand, the farmers of the south shouldrecognize the fact that when they go to a bank and ask for advances on their cotton, if thev are willing to in sure the cotton, have it proper ly warehoused, and give suffi cient margin, they are asking no favor of the banker whatso ever, but are simply making a business proposition. He is offer ing the banker the safest loan that it is in the power of a bank to make. What can be better than cotton? It can be kept any lenth of time, the quality does not deteriorate, and it can al ways be converted into imme diate cash if the seller is willing to accept, say, 1-4c to 2-8c below the market value. Therefore, if sufficiently margined, cotton is certainly an ideal security-. "The bankers certainly should realize, however, that the lower cotton goes the less margin is required. In other words when cotton was selling at 15c. last year, at least 2e per pound mar gin should have been asked; but with cotton at 7 1-2c, $3. to $5. er bale is certainly ample mar ^in. mhebanker who refuses to -zron cotton except at an ex orbitant rate of interest, and is only willing to advance at pres ent $20 per bale, is an enemy of the south, and is simply taking advantage of an unfortunate situation to make money for him self. "The majority of farmers have already sold at least two-thirds of their cotton crop, and receiv ed full prices for sam.e; there fore, they surely must have sufficient margin to carry the un sold portion of their crops in definitely, and not feel either that they are under obligations to anybody. Whether they will do it or not is another question; but surely, one would think that instead of selling their cotton below the cost of production, and putting as much acreage in cotton next season as they did this season, thus insuring a con tinuation of ruinous prices, they would hold at any rate a portion of the balance and plant some what less. If every planter would agree to hold 10 per cent of the amount of cotton he has raised this- season it would mean-if the bureau's estimate is correct 1,250,000 bales. Of course, some farmers have already sold every bale they raised; and some would find it impossible to hold any thing, but surely, the planters should formulate some plan by which they can judiciously hold at least 600,000 bales if neces sary.. "The exports so far this sea son are nearly 600,000 bales of cotton more, and yet only fifteen weeks have passed. The stocks at the ports are now only 26,000 bales more than last year, and 76,000 bales less than the year before, and judging from freight engagements over 400,000 bales cotton will be exported from this port alone, during the balance of this month. More cotton has been sold ahead to spinners, thereforo must be bought by cotton buyers, than probably ever before in the history of cot ton and this demand wiil certain ly enable the southern farmer to get rid of what he wants to sell of the balance of this crop at renumerative prices if he will only market same judiciously instead of getting panic-stricken and all try to see who can sell "Certainly every one interest ed in the south must hope that the planter will not sacrifice the balance of his cotton, as it means* the depreciation in value of every interest in the south. Let every merchant in the south remember what they passed through in 197-98, and I believe they will then do what they can to prevent a return of those conditions. " However, there is no use in1 giving advice. It all rean duty of every southern newspa per to see that he is informed of the true situation of affairs, and that he is not scared into selling his cotton below its value by hearing only the views expressed by those few individuals whc will increase their profits the more cotton declines. "At present the situation o the south is best expressed in the words of a Mississippi poet: " 'Of all sad words by tongue or pen, The saddest are these: 'I held for ten.' " But the farmer who now sells, when cotton again reaches 9 and 10 cents will be saying: "'I wish to heaven, I had not followed the bears, And sold out at seven.'" -Frank B. Hayne, in New Or leans Times-Democrat. STATE OF OHIO, CITY OF TOLEDO. I LuCAS COUNTY. I Fa..n J. CHEEEY makes oath that he is thi senior partner of the firm of F. J. CREINEY S Co., doing business in the city of Toledo. count: and state aforesatd, andthat said firm will pa: the sum of ONE HUNDRED DOLLARS fo: each and every case of Catarrh that cannot b4 cured by the use of HALLS CATARH CUR FRANK J. CHEN EY Sworn to before me and subscribed in my pres ence, this 6th day of December, A. D. 1886. A. w. GLEASON, SEAL ' Notary Public. Hals Catarrh Cure is taken internally ani acts directly on the blood and mucous surface. of the system. Send for testimnoials. free. F. J. CHENEY & CO.. Tolee. 0. Sold by druggists. 75c. Halls Family Pills are the best, It is not fair to strike a man when he is down, and the New York World, after getting Judge Parker into all kinds of embar rassing positions, now has the temerity to chide him because he was beaten. Straight Facts. A whole lot of fancy phrases can be written about remedies, but it takes facts to prove anything-good straight facts. And the strongest fact you ever heard is that Tannopiline is the best cure for piles on the market. It cures absolutely. Has a healing, soothing effect from the start. All druggists have it for $1.00 a jar. Ask for Fannopiline and don't dare take a substitute. To Cure a Cough. The coughs so prevalent these days usually develop before you realize what has happened. Now the best thing tc do is to take the most reliable cough cure you can get. None better than Murrays Horehound Mullein and Tar, It is made of the purest ingredients and can be given to infants as well as grown people. Above all else IT CURES. You will fina it at all drug gists. 25c a bottle-extra large bottle. The Legislature is largely made up of lawyers, and it will not surprise us in the least if there are several new circuits added to the present number of circuits. It has been agitated for several years to create more circuits, but the fact that the people are not disposed to con sent to the creating of more jobs for an indifferent class of law yers has thus far kept the pro ject in abeyance. The lawyers not only want more judges, but they also want to create an office to be known Assistant Soli. citor. This, of course, will give a job to some little lawyer at every court house, and thus les sen the labors of the chief. In our opinion, it would be a wiser economy to get the best material for chief and raise the salary. No More Suffering If you are troubled with indigestion get a bottle of Kodo1 Dyspepsia Cure and see how quickly it will cure you. Geo. A. Thomson, of Spencer,1la., says: "Have had Dsepsia for twenty years. My case was a ost hopeless. Kodol Dyspepsia Cure was recommended and I used a few bottles of it and it is the only thing that has relieved me. Would not be without it.- Have doctored with local physicians and also at Chicaigo, and even went to Norway with hopes of getting some relief, Kodol Dyspep sia Cure is the only remedy that has done me any good, and I heartily recom mend it. Every person suffering with indigestion or dyspepsia should use it." Sold by The R~. B. Loryea Drug Store. Among the most important acts of the coming session of the Legislature will be the amend ment of the dispensary law, and too, many of the members are going to find themselves embar rassed when they have to act contrary to what they promised on the stump. Many candidates during the last campaign were so eager for election that they promised to do all in their power to prevent any change in the law, but since the election, con ditions have arisen which may warrant a change of mind. Now whether these members elected are going to stand by the~ir prom ises on the stump remains to be see, and their acts in this re spect will be watched with more than usual interest. woud you like to know the sacret of the won derful cures effected by Nature's great remedy Acid Iron Mineral? The axplanation is a simple one. It is king of all Inflammation. Put it on a sore and in a few hours the inflammation is gone. Put it on a bleedfing wound and it stops the fow of blood and quickly cures thc wound Put it on any kind of an abrasion, wound. cut or other Inflammation of the body and the re sult is always the same-Inflammation driven out and quick a cure.' Now do you not know that nine tenths of all disease is 'of an Inflam matory character? The inflammation is internal and so beyond your vision. Nevertheless it is there. And since A. I. M. will cure infamma tion quick', an an external sore, It will do pre cisely the same work internally where hidden from view. The poor raw stomach of the dyspeptic is cured just as rapidly as a cut would be cured on his hand. The ulcerated throat, or inflam med bowels of a person afflicted with diseases of the throat, or with piles, etc.. are just as amenable to A. I. M. as if they were external and could be cured before tooe cye. Trade A-I-M mark on every bottle. Sold by druggists. Acid Iron Mineral Co.. Columbia. S. C. Siunimerton News. Editor The Manning Times: Everything is moving on well in our little town. There was quite a number of gentle men from the Manning section here last Saturday, among them was Hon. Louis Appelt, editor of THE MANNING TN~s.' We are very sorry, Mr. Edi tor, hat the weather was bad and your business over here prevented you fr'om seeing more of the town, but just here will say we hope you will visit the lit tle town again soon, We are glad to say that Mr. S. M. Coclough, who has been confined to his room for the past two weks is much better now. There is to be a tournament here on the 2t oDcmberand much inter est is being taken to make it an event to be enjoyed by all who attend. Any one wishing to ride on that occasion will get all particulars by calling on Mr. W. S. Rhame at Dr. D. 0. Rhame's drug store. Mr. M. D. Welles has rented the dwelling of Mr. W. H. Shiver and is moving to our town today. We are glad to have Mr. Welles and family with us. Our hustling depot agent, Mr. H. A. Tisdale visited Sumter last Friday on business. Capt. James bought the Presbyterian church lot a few days ago, giving $3.300 for same. H. Summerton, S. C., Dec. 19, 1904. A Certain Cure for Croup. When a child shows symptoms of croup there is no time to experiment with new remedies, no matter how highly they may be recommended. There is one preparation that can al ways be depended uptn. It has been in use for many years and has never been known to fail, viz: Chamberlain's Cough Remedy. Mr. M. F Compton of Market Texas, says of it, "I hava used Chamberlain's Cough Remedy in severe cases of croup with my children, and can truthfully say it always gives p.ompt relief." The R. B. Loryea Drug Store. THE SUMMERTON HOTEL. Having made special preparations, I am now better prepared to entertain the traveling public thar ever before. I escially invite the transient pat 'onagc. H. A. TISDALE, Proprietor. For Sale. A tract of land situated in the fork of Black River, County of Clarendon, con taining three hundred and fifty acres, more or less, bounded by lands of Hodge and Cousar on the north; by Black River on the east, and on other sides by lands of Wilson and lands of Alder man. On the premises is a settlement with several outbuildings, some valu able pine timber and also some other valuable timber growing in Black River swamp. The property belongs to Miss Cornelia Graham. Apply to JOSEPH F. RHAME, At this place. Manning, S. C. STOLEN. One Columbia Chainless Christy Sad dle Bicycle, Odd Pedals, righthand pad of Saddle worn and top bar of frame worn a little red. A suitable reward will be paid by the owner. H. HAR BY, * Sumter, S. C. STATE OF SOUTH CAROLINA, County of Clarendon. By James M. Windham, Esq., Judge of Probate. WHEREAS, A. J. Richbourg has made suit to me, to grant him Letters of Administration of the Es tate of and effects of R. F. Turner, deceased. These are therefore to cite and ad monish all and singular the kindred and creditors of the said R. F. Turn er, deceased, that they be and appear before me, in the Court of Probate, to be held at Manning on the 29th day of December next after publication thereof, at 11 o'clock in the forenoon, to show cause, if any they have, why the said administra tion should not be granted. Given under my hand, this 12th day of December A. D. 1904. JAMES hi. WINDHAM, rSEAL.] Judge of Probate. 12-3tl Loans Negotiated. I am in posiition to negotiate loans on improved farming lands. J. H. LESESNE. Fire Insurance I represent some of the oldest and strongest fire insurance companies do ing business in the Unit ed States, and respect fully solicit a share of your patronage. o. n. SenoTT. 6IN PflOSPtHfTE KIDNEY DISEASES UINARY FoR SALE Sr str. . .THE'. . R. B. LORYEA DRUC STORE, ISAAC M. LORYEA, Prop., Sign of the . . . Golden Mortar, Beg to inform their many friends and custom ers that they are prepared to supply their wants e carr a ul and complete line in every de parmet of the DRUG BUSINESS and every attention is shown to the wants of their customers. Foi Many Yer tentio toour eustomrs wnts, and feel sthat we have succeeded. Our stock of DRUGS, MEDICINES and CHEMICALS is complete in every particular and every and any emand can be supplied.RG n EI CES call on us and we can give you general MIL ODERtS receive our careful and im ehope or your kin patronage which for yetrs we have earnestly striven to merit. ISAAC IA, LORYEA, Proprietor, Sign of the Golclen Mortar MARNINC, S. C. 6000unEa .U. . 0 Why You Should Consider 0 Specialization of Business. Did it ever occur to your mind THAT you, as a practieal farmer knowing your business thoroughly, can raise cotton or corn at a smaller expense than a shoemaker who only knows how many nails it takes to half-soie a pair of shoes? THAT Your wife, as a competent. housekeeper can feed your family better at a smaller cost than that woman in your vicinity who spends her money without a thought of the comforts of the family? THAT a saloon keeper, if in charge of the pulpit, would ruin the church? So would a preacher conducting a wine house be bankrupt in a short time. No less should the blacksmith repair your gold watch, and just as well should I conduct a farm. Now how do you expect a harness maker, milliner or dry goods man to conduct a furniture business and sell you as good goods and as cheap as we can, being experienced in this line from childhood and making it our spe cial study. We do not claim to beat the world, but when it comes to local and sur rounding business, we claim we bare no competition to consider. Respectfully yours, S. L. KRASNOFF, The Original and . Only Furniture Man. ClluendonlCoulv nd frol (1.) Four hundred and fifty acre plantation on the Manning Summerton road, four miles from Summerton, two hundred acres under cultivation, balance in-woods, some timber and practically all can be brought under cultivation. Buildings: One five-room dwell ing with necessary outbuildings and the four tenant hcuses. Soil of first-class quality, The place is cheap at the price offered, viz: $15 per acre. (2.) Tract one thousand acres, three hundred acres under culti vation, four hundred acres of balance in second growth pine, one hundred acres original growth pine, two hundred acres cypress and other swamp timber, in the western part of Clarendon county and formerly known as the Robertson Taylor place, situated about two miles southeast of the old C. S. & N. R. R. crossing. Price $6,500. (3.) Five hundred acres near Foreston. Want other Clarendon county lands for sale. R. B. BELSER, Real Estate Broker, . Sumter, S. C. 'Phone 12. Court Square. Aha nSeilLns Her weare Wehav ben to bsy or he asttw ortrewes osyayhngt.h-uli hog h nesaprbu-u CLTIGSO-,HT AN EN' FRISIG ar l truh h-outyspaig o hesles-n THYTE ELTH RT n.-igu utm ermnadby, h.-rorCohigaediycm inp nt.-fte u giadtelaywowasDe Sebpheswl ae-oohr Weaesligth etadms syihCohn fo esmnehntesaeqaiyca-ebuh an p.- hre.lse p. oe-ak, n h epl h rd wt see maeeeypen.on.Ifyuwn t aesm p.- ita hnean e au eevecm oseu whnyunepaSi.f-oteaPi o ata p. vr-t Ht aro Soso ntin nGn' Funihng-ie Thnigyo.o-at.aosan oiiin oeo yorvludbsies-w r 88a. . Dvi &0.8 Ahead in Specia LENEs Heeo ear.Wehveben toofs b the Wol.ATONYaT two eetse all touh onda coutrseakigfrtesevsn WE ORDALLY INITE 8 The public to come and inspect our :stock of 1 8 Fancy & Staple Groceries SWe carry this line and will cheerfully give you prices, as it is to your interest to keep in touch with them. 8F LOUR. Yes, we have the best Full Patent and if you are somewhat dissatisfied with your flour, try our 100 per cent. and we feel reasonably sure you will be pleased, that is if you are looking for a high class article. 'COFFEE. We carry both parched and green, andl if you want a first class article, something nicely flavored and contain ing good strength try some of our Coffee. W e beg that you do not confuse these goods with pos sibly others you have been using. Can we quote you prices in bulk? Certainly, with pleasure. Call and see. IWuie & Icflerewer ISN'T IT Natural that one who manufactures can give you more for your money than can one who first has to buy before HE can sell YOU? Just think it over carefully and then remember that WE ARE MAN UFACTURERS! LELAND MOORE PAINT & OIL 01 Manufacturers of "Pore Mixed Paints," 211 East Bay Street, Charleston, S . Genuine Peruvian ~~Guanlo-.V Sells itself-none better. Ten thousand tons now offered for sale Nitrate of Soda, Muriate of Potash, Gerrnan Xalit: HAR BY & CO., Sm0%r, ARE HEADQUARTERS. G-et Our' Pr':oesli Pleame. IArrived at Rigby's 1 I SANTA CLAUS, Waere he left a great big assortment of Dolls, Toys. etc., for the *children, and another Big Doll to be given away; seet her in the9 winow With every 10-cent purchase of Toys you get a ticket wihanumber, which entitles you to a chance at this -Doll, which will be given away Xmas night to the party holding the lucky number. Bay your Xmas Goods from us and you may BE THE UCKYONE. We nunu~itherrI~~ The Move Come and take advantage of this great Slaughter Sale of all *Dress Goods, Trimmings, Cloaks, Furs, Skirts, etc. A few more9 weeks will wind up the old year and we have :determined to re duce our mammoth stock by a big Slashing of Prices. We are - not after profits now, but after moving the goods off our shelves.9 Come with the cash and get your share of the Bargains.9 SCloaks, Jackets, FArs aid Skirts. e Ifyuhaven't already bought now is the time to bu5 while S the prces are cut and the move is on. Ali our Cloaks, aekets* 5 and Furs and Skirts to go at agreat sacrifice. Don't wait till Xmas eve, but get one now.9 - 1Schloss Bro's. Clothing, SLike a 8, every one knows its worth. All Suits, Overcoats, Pants, 5etc., go in the Cut Price Sale. Byof us while the MOVE IS ON and save 25 per cent on yupurchase. Everybody wears shoes and everybody wsants good shoes to9 wear. We sell the best in Manning. THE HAMILTON.BROWN SHOE Wasoer, looks better and costs you no more than a cheap,9 THE PRICE IS CUT-THE MOVE IS ON 9 SIn our line of Heavy Underwear. ~' Ladies' Jersey Ribbed Vests, fine quality, only 25c.9 5 Ladies' Wool Vests, the S kind, only 75c. en's extra heavy Undershirts, 75e value, now .50e each. , 5uwrig he' Health Underwear, the regular $3 per suit kin! no 2tesuit, Others too numerous to mention./ 9 ?1 Fine Dress Goods. g Althe latest and best to go in this Great MoigSale. 5Prices cut in all these goods. Now is the time, ladies, t9 save9 5dollars on your Dress Goods and Trimmings. . 9 all5 the pretty Mixed Suitings, Flannels, etc., sold everywhere at7ethe yard, now going in this sale at 45e the yard.9 S Some beautiful things in Mohairs, S1 per yard kind, now go- 9 Sing for 75e the yard. Everything in this line is cut way down. SDon't fail to come and see us now. S Always on hand Hand-Fresh, Clean Groceries, Nuts, Ess Sins, Citron, Candies, etc.9 THE OLD RELIABLE, S . A. FR3BY,.