Historical Newspapers of South Carolina

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V!,iSection OneOne Pages I to 12 QAI3Pgsio1 VOL. XL MANNING S. C., WEDNESDAY, OCTOBER 20, 1920 A) RESERVE BANKS FAVORS FARMERS SAYS GOVERNOR Loans for Agricultural Purposes Are Continually Expanding, Declares Banker of Richmond "NO ROOM FOR CRITICISM" South Treated More Liberally Than Any Other Part of Country Ac cording to Member of Board Greenville, S. C., Oct. 19.-Despite reports there has been no curtailment of the amount of bank credits out standing, but, on the contrary, there has been a continuous expansion, not only of commerical loans among the banks of the federal reserve system but of loans for agricultural pur. poses, according to an address ol George J. Seay, governor of the Rich mond Federal Reserve Bank, read be. fore the South Carolina Cotton Manu facturers' Association here today. The paper was read by Charles A. Peeple deputy governor of the bank, in the absence of Mr. Seay. "No section of the country has beer s9 liberally treated in the matter ol extended credits as has been th< South," Mr. Peeple said, "and yet it that section of the country we heai the loudes complaints and the most conspicuous. Perhaps she is suffering most at the moment. Whatever com. plaint she may have, she cannot com plain of curtailment of credit, and sh< has, in fact, been treated more liber ally than any other part of the coun try, and capital has been drawn fron other parts to lend her." Mr. Peeple, representing Governo1 Seay, quoted freely from a statemeni recently prepared by Governor Sea3 answering vigorously und in detai current criticisms of the federal re serve banks. The criticisms discusse( and the answers given were thus sum inarized in Mr. Peeple's address to day: "First, That there has been such i marked curtailment of bank credit ir recent months as to amount to a cam paign in restraint of trade. The trutl is, however, that there has been at almost reckless expansion in ban] credit during this period, and that tho volume of both agricultural and com mercial loans has continuously in creased. Moreover, on June 30 las the funds of the member banks loane< and invested were actually $2,500,000, 000 more than their own resource. available for such purposes. Tw' things made this great expansion pos sible, namely, the concentration of re serves in, and the note issuing powe: of the federal reserve banks. "Second. It is charged that th South particularly has suffered at th< hands of the fedei-al reserve banks On the contrary, no section of thi country has been dealt with as lib erally as the South; the three reserv< banks of Richmond, Atlanta and Dal las havc been able by exhausting thei own resources and borrowing mor than $100,000,000 from other reserv banks, to lend their members almos three times their reserve dleposits. "To speak specifically of South Car4 hia, the member baniks in this Stnt have borrowed continuously for th past fifteen months twice thei1 equitable share from the Federal Re serve Bank of Richmond. "'Third. It is ::amid the Federal Re serve Board has sought. to dominat< the banks of the country. In answei I emphasize that six of the nine dli rectors of each federal reserve bani are elected by the member banks ane are representative, successful, activt men of affairs, constantly in intimat< touch with the business conditions o1 the district; that the Federal Reserve Board has had very little direct p)owei over the federal reserve banks an none over member banks in tht granting of credlits; andl, in fact, that the reserve banks lend their membem banks less than 15 per' cent of thoiu total loans to their customers." Pointing out that the federal reserve banks had gone through successfully a period of marked expansion, incident to financing the government dluring the wvar, and that they are- now facing the more difficult task of a return ta normal conditions, Mir. -Pc-eple empha sized the need for clearer undecrstandl ing of the facts in the c-ase and for mutual confidence on the Part of the bankers and bumsine-ss me-n ge-nerally. Come to the School A uditorimm Thursday evening, Oc-toer- 21st at eight o'clock to enjoy some fun. Tlhe play10 "HIits andic Misses"' by local talent DECLARE MERCHANT MARINE IS NEEDED Development of Inland Waterways Urged at National Marine Exposition Chicago, Oct..19.-Pleas for the de velopment of foreign trade through the American Merchant Marine as a means of securing the peace of the world and returning this country to a stabilized condition were made at the National Marine Exposition to night by Admiral W. S. Benson, chair man, of the shipping board, and Ed ward N. Hurley, chairman of the board during the war. Both speakers characterized the merchant marine as a promoter of peace but each took up the subject from a different angle. Mr. Hurley advocated an international credit plan patterned after existing cooperative marketing associations, with the American Merchant Marine as the nucleus of the plan and an interna tional bond issue of from $100,000,000 to $150,000,000 to finance it. Admiral Benson saw in the mer chant marine a means of uniting the nations of the world and bringing thei into closer contact, thus stim ulating better relations and promot ing peace. Must Work Out Problems. "If the social and economic condi tions of the world are to become more stabilized it wil Tbe possible only when the nations of Europe have worked out their economic and financial prob lems," said Mr. lurley. "Most of the nations of Europe will work out these problems in the next few years and we, who are abundant ly able, should be the ones now to supply them with credit and materials that we may later have them on our books as permanent customers." Mr. Hurley explained his plan, which would provide for the issuance of $100,000,000 to $150,000,000 of three to five-year bonds to be secured by ob ligations of private European purchas ers the obligations guaranteed also by the purchasers' government. Admiral Benson after reviewing the work of the merchant marine and pleading for its support by all Amer icans, said: Promotes Peace Is Claim "Commercial intercourse promotes peace. Increased overseas shipping fa cilities mean increased opportunities for peace promotion. Com nercial con tact spreads intelligence. Spread the gospel of honest. comniunication over land, over seas, through the aid and under water. Each of these are mod eth weapons against world ignorance the cause of many war-." P. 11. W. Ross, presinnt of the Na tional Marine League, urged develop. ment of inland waterways, calling at tnetion to "America's great ocean frontage which -shokld be placed in contact with interior points through opening up inlands waterways." CAUGHT WIrH BOOZE Anderson, Oct.'19.-Oflicers were at Alfor's t'ridge Monday looking for ii licit whiskvy, as they had been tippedl ott that whiskey was being brought from the Georgia side. While they were there two young men, D)ewy Sar ratt and WV. G. Tuck, dlrove up andl when they were paymng toll the of fileers dlecidled to take a look in their' car. On the back seat they found 40 gallons of whiskey. They were com ing from Lula, 'Ga., which is the home of Tuck, and saidl they were taking the whiskey to Greenville, the home of Sarratt. The officers confiscated the car and whiskey, and the men were brought to the county jail. FARMERS URGED) Greenville, Oct. 19.- -The cotton Manufacturers Association of South Carolina, in session here, adloptedl a resolution calling upon1 the farmers to hold their cotton until the price has reached 310 cents per POun d anad urg ing them to sell the rt apJle gradlually. B. I'. McLeod, representiang the Ameri can Cotton A ssociation , dleclaredl in a speech that the reason why some oft the cotton mills are runn ing on short timae and others contem phate closinag downt is because ''the foundlat ion u pon which your trade is buit is totteimng and you are feeling the strain.'' .Miss Netta Levi is visiting friends in Augusta. Mr. Frank Ileardl of 1Hartsville spent severa1 days ini town last wee'k with [AF WAS RIGHT SAYS HOUSTONi Washington, Oct. 19.-The senate committee investigating campaign Eunds is "welcome to any incriminat- 1 ng evidence they can find of negotia- t Lions with foreign governments" in T the files of the League to Enforce t Peace. Herbert S. Houston, treasurer i >f that organization, declared tonight t in a statement prompted by publica- . ;ion in St. Louis of the report of an t investigator for the committee. The I ecords of the organization had been t voluntarily thrown open to the com- i nittee's investigators, Mr. Houston - said to show the sources of funds i raised by the league during the cam paign for the league of nations coven Ant before the senate. "The committee, it appears, has in- I sisted in going through our confiden - I tial letters files line by line, Mr. lous- i ton continued. "I do not hesitate to say such tactics are of a kind with the whole opposition to the league coven- I ant, from beginning to end. Mr. Taft was right when he said the senate for- I eign relations committee was packed to beat the treaty and the covenant, 1 This present investigation of the I league to enforce peace, at least inso far as it is engineered by that arch bitterender, Senator Reed, seems to be I part of the same campaign. I "Their highly imaginative attorney has me in conference with the Ger man chancellor and the British prime minister. I never saw or communicat. ed with either of them in my life. I did have an informal interview in Paris with Leon Bourgeoise, chairman of the league of nations council, and al though it never occurred as a matter, of public interest, it seems to be looked upon as important by the com mittee's attorney." ---o -. BASEBALL PROBE COVERING FIELDI Chicago, Oct. 19.-The special grand jury investigating the baseball scan dal today received evidence indicat ing that a gambling ":ring" had plan ned to "fix" another world series in addition to the 1919 one between Cin cinnati -and Chicago. but that the plans were never carried out, accord ing to Hartley Replogle, assistant states attorney. Mx. Replogle refused to say what world series it was. The .jury today heard further evi dence concerning the activities of Il Chase while in the major league, delved into the baseball pools con docted ill Chicago, and also interested I itself in the proposed organization of baseball as outlined at the meeting yest4rday. 1Han Johnson, Amierican leagne pres ident and John lleydler. National league iead, were the chief wit Johnson was said to have pirtsented new evidence concerning gambling which he had gathered in the last few weeks in New York andl other cities. T1he jurors queWstionedl Mr. .Johnson ton(eerning the pr'oposedl baseball reor giln0ization but he reliedl thlat '"he knew nothing about it.." The jury dletained a wit ness for the first time when it .held Charles Blas gen, a Chicago man, after questioning him c'once'r:ning the op)eration of base ball pools. LaIter', however', BlasgenI was released after he had1( promised to realppear Friday when the next july session will be hleld. SUHBS(RIP'TIONt ARKE MAIl'E Bennlettsville, Oct. 19.-A meetin of farmers here today showed sub scrip~tions to the Cotton Exprlt ('or piorationl as follows: 27.5 bales (If c(It tonl, $3,000 in cash andl $1,900 in liberty bonds. This is a partial report from the county. There was no re'port from the fol.. B~rightsville and( 11I~ebron. 'lTe work oft ma&king a canIvass (If the county hasi I(een dla~yed, but wvill he putshed fromt Sow on until sa1t is factory results have I(een achieved in this county, accordn-h ng toI the leaders in the movement. STEAM~IIIP AGROU)LND ) Galveston, Tekxas, Oct. 19.-TFhe Lteamllship) Lake IFraztee, from P'hiladl-I >ia I toI Houston wvith genIeral ('argo, '1an aground1( today in the 11(ouston1 e' liip Channel at Redl Fish Reef, twelve n iles fromI Tol ivalr RoIads. She is re'- e razee is (Illrated by the Sosel. MllR FARMERS CALL FOR ACTIO1 Sumter, Oct. 19.-At a meeting c sumter county farmers at the cou touse today a resolution was adopt< hat "Whereas the price of cotton d tot permit the continued payment < he prevailing prices for cotton piel ng it was the sense of the meetin hat all farmers be urged to pay $ hundred beginning Monday." Scvei .y-four of the members present sign< m agreement to abide by the resoli ion. Mayor Jennings stated he ha nstructed the police to see that a kble-bodied men were at work. TI -ural police force is also enforcing t1 'agrancy laws. Another resolution that was passe >y a large majority but not withoi nuch- heated discussion was one th; he governors of all cotton growir tates be requested to call special se ,ions of their legislatures to pass lam >rohibiting the planting of cotton [921 on account of destruction of bo veevil and as the supply of cotton < iand exceeds the demand for it. This meeting of farmers which wt >resided over by L. D. Jennings, f< owed the meeting of the cotton e >ort corporation. The two ineetin xvere largely attended by men of a professions and it has been said ha lever been surpassed in enthusiasm 'he history of the county. Chairmi 'homas J. Kirven presided. 'I'lTe first matter brought up w .hat of subscriptions to the corpor Lion. A shortage of blanks had d ayed this work but Secretary Wils reported subscriptions of 676 bales rotton, $3,950 cash and $600 in Liber' bonds. Twenty-two bales more were su scribed at this meeting. All farme seemed in favor of the corporati< The speaker of the morning was .1. McSwain, who clearly and compreht sibly explained the American Produ< Export and Import corporation in entirety. RECEIVER IS CALLED FOR Detroit, Oct. 19.-Dissolution of 1 King Motor Company, of Detroit, a aptpointment of a receiver to ta over the affairs of the corporati( was asked in a petition filed 'in I Wayne County Circuit Court here day by the, directors of the conce The petition set forth that the acti was asked because of the inability the directiors to give their prO'5! attention to the affairs of the co pany and 'because Working capital w Licking. The pittition listed the iomp.ny's nets at $1,835,772 and its liabilities $1,097,070. The court -as asked name the Detroit Trust Company te piorary receiver. Directomrs in the compsny are Fri erick L. RItennert, Boston; A rte Ward, Fr., Frank W. Doolittle, V B. No'it and Artema Ward, Jr.. if New York. The latter is preid of' the .edorpor'ation). RU MTF~ BA NKhS FA%'Ol PLAN FOl EXPOKU . umter., Oct. 1 9.-T-'he folowinig re mutiona has been adop~'d by .a jo meeting .held today of the ofliers he baunks .of the city: "Ta we approve tahe movernent 'stablish ihe A mnerican P'roduc't., I! tort anid Jmpourt corporatiton, anid tU he ban tks, when rei~tie~.te b' y casto -rs, r'elease It) per ceni, of the cott >f tIe customer, whiei- ptractiali nd at the discretion oif ,the bank;, a hbat the stock of' the corporat ion ubstritutedf ar the cotton released. S.ilOT' Eli I N ('TOi' N Andtersoni, Oct. 19.---TIwo necgro chI I ren, Carol inre H1all and IGert ru taciks, aigedl 10 and i years, we mothlered tot death ini a pile oif cott it which they were pday ing ini a er ont houtse. The paren'Its werte (itY pie rig cotton. One of' the older girls he Statcks famnily saidl >.he hea t ang cr" 'ies and went to( the ctt< tiutse an hii oth children't were'( prtact a~lly cotvetred in the cotifton andi we ca.This wvas on the place of leu WAUtNING WAS .lIK York, N. C., Oct. 19. --T'he nottice r, I I1. plce 1o :: cotton gin at Of eni, nca r here, warmn ing against of nig for' 3f dayvs was piostetd as -lhy friendm s of the owner, it wi Io ''day aftert an1 intvestigt lt. CIVIC LEAGUE HAS REGULAR MEETING The Civic League met October 18, 1920 with ten members present. The minutes of the last meeting were read and approved. Then the President if called for a report of the committees -t which showed that they were still d alert, and advancing the progress of the League. d It was learned with a great deal of if delight and pride that the town had secured an acre of land to be used as 9 a dumping ground, and had ordeled a garbage wagon. A request was made that the ladies save their maga i- zes and papers to sell. Other (I Leagues and many Institutions have realized a large sum of money by dlisposing 1f paper in this manner. A motion was carried that the 11 league pursue a study of citizenship. e Since we have suffrage, we feel that e this course of study will be very bene ficial to us. The President informed us that this d league made a splendid showing at the it Federation of the Central District held it in Sumter. Mrs. Goodale, State Chair man of Civics, requested that a type g written report of our league be sent s- in. The league endorsed a resolution r to donate fifty (ollars to the Endow ment Fund being raised for the sup port of the President's oflice of South ' Carolina Federation of Women's Clubs. mn Misses Barnwell Huggins, Rita Hug gins, Julia Wilson, Margaret Wilson, As Rose Ervin, Sue Sprott, Carolyn Plow tdei, Mattie Venning, Ruth Moore, and Netta Levi were unanimously K- elected members of the league. As ,s there was no further business the il meeting adjourned. re Respectfully submitted, Irma Weinberg, Secretary and Treasurer. Lim -- - o .... AT THE PASTIME AS. "The Red Lantern" next Monday. LI- Tom Mix in "The Cyclone" and a e- Sunshine Comedy Friday night. >n Nazimova, the Russian girl of a thousand moods in "T.'he Red Lantern" Monday night. Also Larry Semon ty Comedy. Baseball fans should see Charles b- Ray in "The Busher" Saturday night. rs 1X-SO)LDIElRS GETr YOUR VICTORY MEDAL n-, The Local Post of the American ts'l-egion will assist you in obtaining its your Victory Medal. Taylor 1-1. Stukes Esq., the Insuranee Oflicer of this Post hias a supply of blank application and vill he pleased to assist all Ex-Soldier in the preparation of them. 'Tihe Gov ernment has nade provision to fur he iush these handsome Medals free to all nd who saw service in the World War and you owe it to yourself and family tc ke obtain yours as it will be i priceless m, heirloom to hand down to posterity he We also have some blank application _ for these Medals to be filled out h th nearest relatives of those who died it - the service. (111 Mr. Stiuke who has had considerabih of experitice in the Bureau of War Itiis), m1, I nsurance, W.15hington, D). c., wil, hulty instruct you abut the rin statement or conversion of War Risi sInsurnc and the obtain ing of dis ability, compensation. Call on him a1 his oflice over I Iirschmani's Stor< whether you are a member of tin Legion or not and be sure to brin. toiyour discharge certificates. - 1. ). Ellerbe, omnimnder ul ann ingl, Pos-t \meric;ir Legion. C. t. Sprott, ,Jr. as Adjutant. all .LAN TO CONTitO. MAI.All A nit -- (uw York, Oct. 19.- The loinrn 1tiotud Health Board o'f the lUockefeullei Foundation tonight mmtle public th< I'S third installment of its annuaiitl repor1 dleal ing wi ith its efirorts <haring 191 sot- to astroiul hookwov~rmt dIiseaLSe auilnd ma .nt hui a. of Progress wts repiorted in the worn of conmbatmg hookworm in t welv< to) Souithernl St~tates, the far Tfast, W~esi I nd is, (Cent'al Ameic and Brnazil. it Th'Ie rep~ort sa id thait cotoperati vt 1-wotrk in) malartia countrotl was proposet tti for forty townWs, with an aggrega t( ipopuilat ion of 177,320, in Alabama ad Louhm-unii, Mumissippi, Morth Carolina be S'outh Caronl inu, Texas and Vi rg inia " 'lh hin L c l for jiont ptart ic ipation tby the, ,Uni ted St ti's Pubiliei1 HeailtL, S ru~ice, State imardts of health, mu. liiIpal atri ties andl the Initterna re-. ----- )i A~ Jl)IT10N A l, l.O(A I.S k. Bre"auist iif iunavoittidaleu CI1 c ircu - theI':- m u~ eetiig of the ('~u iti' a Nursing Activities ( : r tea aifternoonit wasY p. 'line. Nti ~tice of thle dlate for the mte'.:- willI .lunur Y \l C. A. boyis ofi~ I k-r in ii '-e of foot hall heret lurid>r Vi eta. Mr . P'hillips, a tuache: ini thi raind scuhiool is (cacin~lig t he boyts andu he says, t he local botys are ini goodi form coinsider-ing hie short ti mu they haive beenui pracitic ing. a n- fto the Schoottl Audtitoriium s TIhu orsdayi eve~u nig, Ocftber 21st. at eight ot'culock to njoii t~siome fiun. Thei play~u "'Ilits andtt Alisses" bty locau~l talent fRANCE DENIES GIVING AUTHORITY TO ANYONE With Suggestions That. Republican Nominee Lead the Way For New Peace Plan NO INTIMATION TO REVISE LEAGUE No One Delegated to Speak "Formally or Informally, Officially or Unofficially" Washington, Oct. 19.-Assurances have been given the State Department by Count Debearn, French charge here that the French government has not given authority to anyone to approach Senator H1arding with suggestions that the Republican Presidential nominee take the lead in forming a new world association. Calling attention to an official de nial issued by the French foreign of fice yesterday, the French charge told Under Secretary of State Davis that he was assured that the French gov ernment had delegated no spokesman to act for it in negotian1ons with Sen ator Hlarding either "formally or in. formally, oflicially or unofficially." The announcement of the visit of the French charge to the State De partment yesterday afternoon was made later by Mr. Davis who said that while Count Debearn had delivered no formal reply to the American note of inquiry to the French government, dis patched yesterday, he supposed that the assurances given by the charge were the result of previous communi cations with his government. Mr. Davis said he did not know whether the French government would content itself with the denial issued formally yesterday at Paris and the assurances given the State Department through the French charge or whether a formal reply would be made to the formal note of inquiry sent by the American government at the directiotn of President Wilson. It was further stated at the depart ment that the American government had never had any intimation of a desire by the French government tou "scrap" the present League of Nations or to revise it. ------- THREIE RINGEDI ClIRCUS COMING TO .\AN.NING Sparks World Famous Shows to Be Hero. A real thie0 rngeti i rus is coI in to town, with wise lio s adnd titr ers, two herds 'f elephants, tango and shimmy dancing horses intermingled with humn stars and with troops of clainor let loose betwet'n thrills. The Spanrks Circus which is con ing to Manning on Thursday, November 4th is huge and grand and new enough to warrant the v'ery highest. of praise. Everyone will laugh at the capering clowns, gasp at, the feature acts and shudder at the sensations crowded to teet her in two hours and a half. The biggest al mort daring of the animal ;ots are the two elephant herds, one (It wh)itch in sidles earth's ightiest no 8e im ul "the skyserapei - eh-ohant."' I.ess splectacu lar, ma ybe, but alImost as sensational, are- the liar rison1 bearls who are not only naturalI born comed- Iian s, hut have been ltught such d ifliculIt feats as roller skating, riding h'icvcl(s, boxing antd wrt-sling, walking the tight rotp- and even the phlaying (If munsical instrnnn has been nmaste-red by- thIese foour feetct ntors 01. J1ust to add good measure to the pe(rformance it is interspeirsed wvithi a s(cort' or more of high class stars of the arienia~ wold. O )f cou rse t here' ~ ar ens a n tfort.v (f t'em wll surely make you laugh, if yon Inv '.m. st ore' atwt' a you. Alt hougih t he woniderful ' pro graml( prestedt, uinder t' "hig; top" o the Sparks (ircus will give l'otns pileasure to lig and small. Oc)tobe-r I8, I19:?o Mtlmnime, S. (. My IDear Sir: I ii-t iedt. somtet ime sine- in TMn Manninig TIimesQ that y'ou hadl organize a Memormn~ia Associntion for the par(l "'tse otf er'e('time a mnumnenit to the ('ol. I In iy I.. enhow I wti we thant glad to set' this asso,'iation 1-inted and truost that it will men h i the success which it de't r'i's, t!d sure that thIe sons of' 'I ''ido, miIlrespoind generally- to thi tfnd let us raise anlut trIhat will irect uda it nli nm1111) nit io thi s t rue, brave, and di-stizishedl soldier of Ih ratnd old ('onfiedracy. Ph''o'e aillow me Io subhscrib' to th is fu,'n $2m.( adif yiou don't. ro1st the de'siired amounit let me hiear fro yo(l I am Yours truly, Mr-s. (E II. Slater and little daiughi ter of O)raini'lburg are t mie - aist~0 Airs. .1. \W bhdta.