Fort Mill times. (Fort Mill, S.C.) 1892-current, December 24, 1908, Image 1
; THE FORTiMILL TIME^^
VOL. XVII. FORT MILL, S. CM THURSDAY, DECEMBER 24, 1908. NO. 38.
- SOUTH CAROL#
News of Interest Gleaned Fro
Arranged For
- JJOENSE MAY BE REVOKED.
Southern Life Insurance Company
Mixed up With the Seminole to its
Hurt.
On account of being dissatisfied
with the statement made by C. J.
Cooper, general manager of the
Southern Life Insurance Company,
to Commissioner McMaster, the latter
has ordered the o cinls of that company
to show cause on January 18,
3909, why its license to do a life
insurance business in South Carolina
should not he revoked.
The commissioner in his letter to
Mr. Cooper reviews his statements as
published last week which .statement
goes into the history of the deal betwoen
ttip Remitirln Sfninritiuo onm
pany and the life insurance concern
when the former bought the stock of
the company. This statement, it will
be recalled, shows that the par value
pt the stock was $50 per share and
2,300 of these :?hnrcs were sold at an
average price of $108,33 1-3 and that
other shares at not less than 150 per
teg??,-ahare.
Mr. McMnsters declares that he
considers the company's affairs so
Mhopelesaly tangled with the affairs of
tbe Seminole compnny that he has
decided on this step.
?The Southern Life company was licensed
to do n life insurance business
in tliin State several months ago
and at that time complied with all of
the conditions required. The law
governing the conduct of life insurance
companies under tho supervision
of the commissioner requires
that 20 days' notice he given when a
revocation of a license is contemplated.
Commissioner MoMnstor, in addressing
the said Cooper says:
"A careful consideration of the
statements eontaincd therein (Coopers
report) seems to me to show that on
July 15. 1903, the Southern Life Insuranc
company, through voursclf as
general mnnnger. entered into an
agreement with Mr. C. J. Ilebert to
sell the capital stock of the compnny
pr* v to the amount of the difference between
$500,000, tlie authorized oapt>al
and $105,000 already placed nt a
price far in excess of the market and
Actual known value of the stock to
J*' fyouraelf and the other officers and
J directors of the companv.
* The excessive commissions agreed
fo be allowed Mr. Robert, the pen.
era! tenor of the contract of July
i y 15. and of the letters and telegrams
twhich passed between the company
and Mr. Hebert convince me that
this stock could not have been sold
at tie prices agreed npon between
the"company and Mr. llchort if a true
and bonset representation of the oondition
of the company were made to
the public?the prospective fellowstockholders
of the present officers
and directors of the companv.
Wit seems to me that the facts
shown in this agreement with Mr.
Hebert, to which all of the officers
and directors of the company were,
or should have been, cogniznnt. prcr,
. suppose and are based upon intentional
deception of the public as to
the actual vnluo of the stock.
(IT n-J a.i ?t.:i - ' - ?
X uuu lUttb WUIIC IU(' COniTRCT OT
July 35, between the Southern Lifo
and Mr. Hebert, was r.n exclusive
I contract (and one very profitable to
both Mr. % Hebert and the company),
yet it is surpassed and supplanted,
in a measure, bv the contract mnde
1 on September 23 with the Seminole
Securities company, whereby the. unsold
portion of the capital stock of
the Southern Life Insurance company
par value .$50 per share, was to bo
sold by the Seminole Securities comi
pany so as to yield the Southern
I Life not less than $150 a share, and
k herein the interest of the Southern
H Life, the Seminole Securities comA
pany and C. J. Hebert became so
Pi inextricably mixed nr to make each
9 practically a share in tho methods as
H| well at in the profits to bo gained
from the public.
re The Commissioner sets forth at
sjjp- lenffth that which forces him to suspect
that the officers of the Southern
|sj| Life Insurance Co. were pruilty of
participation in a scheme to impose
? upon those who would become stockgM
holders.
ggjg* Ho closes with the following paraItBk
graph?:
this he true, T am of the
H9Hoppir>|r>n that so long as the company
M HHns in tlie conerol of it* present
'and directors it is not"Unsafe
^B| *?& reliable concern.
Bj?|| ^?ThT?, therefore, is to summon you
m^to *Sow cause before me at mv ofSoP^ce
in ?ohrfnbia, on January lfl, 1009,
at nooij, why your license to do husincss
in South Carolina should not bo
revoked on the ground that the ^outhjP&B
ern Life Insurance company ia not
BBm a safe and reliable concern, for the
fl^B reasons above stated. This is done
ip accordance with the act creating
BH ?
BU South Carolina Items. ___
|H The colored Masons of South CaroUna
are holding a meeting in LauW
reus.
^B John 0. Brown has leased the
HL Chester Hotel, at Chester, and has
H^^akcn active charge.
h i "Will Blackwall, colored, while a
QH^Brisoner in the county jail at Aiken,
H ^tempted to bum the jail and make,
HH) escapo.
NAINEWS ITEMS
m All Sections of the State and
Busy Readers
the insurance department of South
Carolina, approved February 24, 1903.
"Very truly,
"F. H. MeMASTER,
"Insurance Commissioner."
RECEIVERSHIP PRAYED.
Tho Seminole Company in a Great
Tangle?Seems Ono of Three Combined
Schemes to Defraud.
The Columbin State of the 17th
says: "There has been so much talk
(about the Seminole Securities company
that a number of people have
expressed an interest to see the charter
of that company. In that connection
there are two other companies
[promoted by Mr. Jno. Y. Garlington.
j The first of these, in point of timo,
i was the Carolina Agency company.
, The second was tlie Seminole Securi.
i ties company and the last is the blue
Ridge Investment company. Mr. Gari:
A i-- i i oi i * * " -
: inigiun una uoen maie ngeni l?r iUO
I State Mutual Life of Rome, (la., and
i had made a remarkable record as a
sclera of insurance. The Carolina
I Agency company was organized to
handle his renewals of premiums.
The original officers of the three
companies named were: J. Y. Gar(linglon,
president;; J. S. Young, sccj
reary. Mr. Young is from Laurens
(and is a first rousiu of Mr. Garling!
ton. However, there has been a
wholesale change in the list of officers
of the Carolina Agency company."
' The first of these was chartered
March 25. 1907; second. Jnn. 7. 1903,
and the third Nov. (i, ]S0S. The objects
had many feature-, similar. J.
Y. Garlingfon was the chief figure in
the three companies.
The general purpose of the Semi!
nolo corporation and the nature of
business it proposed to do was: "To
act as agent and manager for financial
corporations and insurance companies
of all kinds, and to buy, sell
and own stocks and bonds and other
securitiees of other corporations,
both domestic ami foreign.
Motions with reference to the Kemjinole
Securities company have been
made in the courts and there was official
action with reference to the
Southern Life Insurance company,
which is now a subsidary corporation
of the Securities company. i
The complaint is a caustic arraignment,
and if the charges ran he substantiated
will reveal a sad state of
.affairs. However, most of the allegations
are based upon "information
and belief" and may not he credited
for the full face value of the aecuSa- <
i tions until the refense gets its turn
before Judge Watts, before whom one 1
of the complaints was made.
It seems that the names of unsuspecting
good men were secured to
mno lunw iu iuc cmerorisp ana soliciting
agents used these names for nil
they were worth.
After describing the offices and duties
o fthe several defendnnts, the
jromplnint says: "Plaintiffs now bcI
lieve, nnd on information and belief
'allege, that the real purpose of the
1 appointment of said trustees was to
lend tone, standing nnd credit to the
scheme of the managing officers of
the said defendant company, and influence
the unsuspecting public to become
subscribers to its capital stock."
It is further alleged that the charter
itself was obtained fraudulently,
I "upon false and fraudulent certificates"
of tho corporators "procured"
bv the said J. Y. Gnrlington, nnd
that if 50 per cent of the stock was
. subscribed, as is required to get a
charter, it was done fictitiously, nnd
20 per cent had not been paid in un(less
it had been paid in bv the pre,
tensive services of the said Garlington.
j The plaintiffs allege that such roseate
prospects were held out that
stocks in the company were ?old
above par nnd premiums for insurance
were paid in advance of policies
which wcro not issued according
to promise. Notes were accepted
and those notcR dicountcd at the
banks nt as much as 40 per otn.
i The company is alleged to he insolvent
and the records removed from
I the State of South Carolina. The
i plaintiffs pray the court to enjoin
! certain banks from paying out sums
jto the credit of the company.
| Oarlington. the chief figure, claims
I readiness to fight out the mntter in
the courts.
Aetna Mills to Resume January 1st. |
Union, Special. ? Aetna Cotton
Mills, of this city, which were sold at
1 a special meeting of creditors to a
[syndicate headed hy Lewis W. Parker
and Ellison A. Smith, prominent
I mill men. will resume full operations
January 1st, though the names of the
president and manager have not yet
been announced. The mill employs
[over two hundred operatives.
Seminole Stock in Lexington.
Lexington, Special.?It has developed
during the last few days that
there are several gentlemen in Lexington
who. own stock in the Seminole
Securities company, which is
now being aired by an investigating
committeo.
The city counc*l of Columbia has
reduced the members of the board of
| health from fifteen to five members. I
J I
CARNIVAL OF CRIME
Fivo Attempts at Killing in Sp&rtai
burg County in Tyro Days?Tw
Successful Attempts.
Spartanburg, Special.?Since Sal
urdny night Spartanburg county ha
been the scene of two killing an
three attempts at murder. Doth th
men killed were negroes, one beiu
Will Cox, an Atlanta negro, who wa
shot to death last week by an ur
known negro at a railroad camo o
the line of the Carolina, Clinchflel
& Ohio railroad, near the North Care
lina line, while the other was Jess
Leake, who was' killed late Saturda;
night by Dump Dorroh as they wer
returning from a negro frolic ilea
Swi titer. Dorroh is in jail.
The murderous assault on Mrs. Sal
lie Green, the aged woman residin;
near Campobello, will probably resul
in her death, George Mint* was _ai
rested in Greenville county cn th
charge of committing this crime b,
Special Constable Moss Haynes, am
is now in jail here. *It is said he ha
made a partial confession.
Two other attempted killings or
currod on the line of the C. C. & C
near the city. The first was a diffi
culty at tho Leonard & Beckma
camp, near Cowpcns, when Foremai
Charles Carter was perhaps fatall
cut by a white man whose name i
not known here.
The second difficulty was Saturda;
night between negroes of the Ros
camp at the edge of tlie city. Ed
Johnson had his throatt cut by :
"new negro" who has disappeared
Johnson will get well.
Greenville, Cherokee and Lauren
counties all report killings last week
Fanner'o Union.
Chest ?r. Special.?The Clieste
County Farmer's Union met here, th
principal purpose cf tho meeting he
ing to elect officers for tho comni)
year. The meeting was fairly, wel
attended. The election of officers re
suited as fcllov^^^LG. L. WJiitj
J. H.
dent; C. C. Me AM M
keeper; H. T. J
A. IIopo chaplain;
declined reelection a#J
*1- t S- ?
.icna'HCI. -<n- - - - -^ Vldien
declined rot-let tion as bt^,)r?S ugcW
but will < 'UitinfW' to Sortorui lul
duties cf the ofRce Viftil the fi|Bl
meeting in Jamint|^Kt which tim?
the place will be fi.ted. j
At tho.j^siiUfiJ'tn the second
day in January fi H ^Wliiuns of tfi
United States department ot-fifccifvu;
turo will be present and will m.ucl
nn address, as will 11, Harris, president
of the South Carolina State
Farmers' TTnion. It is planned ft
have a biir rally at this time, the general
public being invited.
The Union passed a resolution endorsing
the publie cotton weighers ol
the county and expressing the hope
that the sy?-tcm will be continued.
State News Items.
Laurens, Special.?A jail delivery
in which five white men secured thoil
liberty for nbout two hours, occurred
here this morning at about ft o'clock,
The escape was effected by burning
the wooden door around the bolts
which held the locks, a poker being
used for the purpose. Four of the
prisoners were captured in loss than
two hours, among them being W-./A.
Foreman, who is in jail for boating n
ricie 011 the train and is being held for
deserting the United States nrmv.
The only one not yet captured is
Albert Riley, the younjf man from
Greenwood, who was arrested for
stealing a suit case and some clothes
from the Owiugg boarding house.
It is reported that Y. C. Duncan
has organized a company and h??
bought the Aetna Cotton Mills. lie
has been living in Tennessee since
his noted connection with the Buffalo
and Union cotton mills. k
It is estimated that about $000 000
a year has been lost to the Stato by
the Texas fever tiek among cattlo.
A vigorous educational and quarantine
campaign is being carried cn by
co-operative State and Federal veterinarians.
Instructive and persuasive
efforts when unavailable, will be
followed by the strong band of the
'aw to effect the eradication of the
pest. /
Lexington county enjoys a rare
record of longevity. "Aunt" Matilda
Wise died on the third insfartt
\t the age of 117 years. She was ofte
of the good old timers and was much
beloved for her good characteristics.
It is announced authoritatively
that the two large cotton mills at
Fort Mill will resume work regularly
January 4. These mills have been
<hut down since the first of Ancusf
Moht of the help has moved away
o as to obtain employment, and it
is doubtful whether there will be sufficient
help to run all of the machinery.
A correspondent of The State finds
Whitmire, Summerville and Honea
Path and their adjacent territories
on the returning wave of prosperity,
Hard times are no longer eomplaiwd
of. The surprising statement is rapde
that the Chieola cotton mill has run
all through the panic and has wutle
better profits than ever before.
It is almost an assurtd fast that
the Southern will build a new w
very much enlarged depot at 8tj
tanburg. i /
KNOX SEC. Of STATE
o Pennsylvania Senator Accepts
highest Piece in Cabinet
a MR. ITAFT IS MUCH GRATIFIED
e ?
S After Receiving ? Telegram From
8 Philander 0. Knox, Signifying HLb
Willingness to Accept, Mr. Taft
'J Announces His Appointment as
" Secretary cf Sta'o.
c
y Augusta. Ga., Special.?"William II.
^ Taft, President-elect of the United
r
States Friday night announced the
I- appointment cf United States SenaS
tor Phjlnndor C. Knox, of Pennsyl*
vnnia, as Secretary of State in his
e Cabinet.
y The announcement followed the reil
ceipt by Mr. Taft of a tclograiu,
3 which cam; late in the afternoon.
conveying the information from Mr.
I Knox that be would accept the prei
miership of the Taft Cabinet. Mr.
n Tnft without delay made the ann
nounccmcut that the matter was sets
tied. In giving the details.of the negotiations
he said that the offer was
y made to "Sir. Knox last Sunday moni3
ing in New York. That since the
^ offer he had not heard from Mr.
I Knox urtil the klegrnm he received
Friday. After a consultation with
s Secretary Root in Washington last
:. Sunday afternoon, Mr. Toft Haiti he
made an effort to see the Pennsylvania
Senator there hut was informed
he was in New York to attend the
r dinner of the Pennsylvania society.
p Ho wioal Mr. Knox to see him at the
Hem W. Taft. residence Sunday
morning. The appointment was kept
' Mr. K:rpx concluding bis visit in time
- Tci Judge Taft to attend morning
' church sorviccs, bp4-rrihatning. at the
* Taft ! uptjl after Judge Taft
'"ychnwh.
< foci tl^Bt I am to be eongratulatin
"<*CnHog the services of Senl^fitor
lvr<^>f in my Cabinet," Judge
1 Tatf soilP in "making the stntemetit
with the u?iderslnn?ling that he was to
J bo 4)UOt4L>d. "In selecting a Secretory
i Of bitatc I wanted tiist n irmit to,,-.
1 | yrr, and, second, a man who would
fill the public eye. not onlv here but
1 abroad, as man wIk> stands out prens
a great American.
,yrMr.?Knox was n groat. Attorney
"-.funeral; bo was a prominent candidate
for the presidency, and be is
recognized in the Senate and else!
whore as ono of the great lawyers of
? that body."
Judg Taft also feels that from a
political viewpoint the Selection of
J Mr. Kr.ox is most happy, lie explained
that there was often a fcol1
ing thnt the State of Pennsylvania,
with its nssurred Republican majorities,
often was slightly in the matter
of recognition in the high eounr
sels of tho party. That this will not
be the case in the next administration
was indicated by the announcement
by Mr. Taft that lie should invite
Senator Knox to come to AuguRtn,
Oa., that he might consult him freely
with reference to filling other places
in his Cnbinent. In fact, he said
that he felt the need of such ndvice
a she should be able to obtain from
Mr. Knox regarding not only tho Cabinet.
but many matters preliminary
to the beginning of his administration.
That Mr. Knox's influence will
be potent was freely admitted by Mr.
Taft.
The hesitation of Senator Knox to
make a more speedy decision is interpreted
here to his desire to arrange
with due regard for the interests of
the party and his State for relinquishing
his seat in the Senate. Mr.
Taft evinced many evidences of gratification
at the decision which has
been reached.
Hoot Will Not Resign,
Washington, Special?Reports that
Sooretarv Rent ?
_ . ^
ing hit tent in the Cabinet in tho ira'
mediate future because of the trouble
which ho it experiencing from his
knee which" was injured while he was
i in the West making a speech in behalf
of Mr. Taft, ore denied in responsible
quarters.
Harriman Caeo Decided.
Washington, Special.?In deciding
the oases of Edward II. Harriman
end Otto H. Kahn vs. the Interstate
Commerce Commission, the Supreme
Court of the United States held that
the commission is W>t entitled under
thte interestnte commerce law to press
questions relative to private transactions,
even though they involve deal
>ups i% ute securities or interstate
railrcnos, when the investigation of
which Aueh questions are a part has
been begun on the commission's initiative^
i V- ?7
i Five Millions For Canal.
1 Washington, Special.?A request
for an urgent deficiency appropriation
of $3,559,000 to carry on the
, work on the Ist^ian canaLat the
t. present raja during the ballfiico of
iir fis- \efir and for new projects
I was received hf the House Friday
I from fho Secretary of War. a Last
| year a iefldency appropriatidlk of
fill.coo,OOG9?do.
II; & -w
THE WORK OF CONGRESS
Synopvis of the fcroceedinsa of the
' National Hcuce and Senate.
Saturday's Session.
The House of Representatives SatI
urdny wan in its olil-tiire form. No
particular programme had been mapped
out, but under a call of committees
several measures in whioK ttio
members were especially interested,
and in some eases vitally concerned,
i were considered. With few exceptions
they engendered the liveliest
sort of debate, and it was disclosed
that the forces for or against them
were fully lined up for the fray.
Parliamentary tncties were freely resorted
to, with the result that five
times the roll was called.
The first tangle occurred on a resolution
fixing the boundary line between
the States of Colorado, Oklahoma
and New Mexico, which was
agreed to bv a majority but not without
two roll calls. The House then
by a decisive vote refused to further
consider the bill providing for arbitrary
settlement of disputes between
employers and employes.
Nc-\l turning attention to the bill
providing for the protection of aliens
in the I'nited States the subject was
threshed out at length. Tiic measure
had rough sailing and it was passed
by a slim majority after the roll had
been called twice.
The Brownsville Affair.
The Brownsville affair consumed
nearly the entire session of the Senate
Monday. Senator Foraker obtained
the floor eailv in the day and
rend letters firm a former soldier of.
the Twenty-fifth Regiment telling of
the pioocduie of government detectives
ir attempts to get confessions
from hi i Mr. Foraker introduced an
Amendment to his original bill for
the re-enlistment of these soldiers
' providing that a commission of three
retired rimy officers be created to dote:
mine whether discharged soldiers
are innocent of complicity in the
shooting up of Brownsville as a prerequisite
for llieir re-enlistment in
Mi'isu w leaving mat nuiy with the
President as provided by the Warner
bill.
Following closely upon these remarks
the President's message giving
the results of the War Department's
investigation of the Brownsville affair
was read and Mr. Foraker agnin
took the floor to comment upon the
message.
Senator Carter announced that he
would sneak upon the postal savings
hank bill and would ask that it he
made the unfinished business of the
Senate.
In the House.
Whi,' ta^sidcring hills dealing with
affairs riet
the IToi\f^^^^^^b^yncasur? providfor
^^^^^^^^^^B^^nshington.
bi 11 e
ores
the voted
<nV|HH|^HpPKentntive
Henry, of Tm^^^BpWrain a change
>n the refercnc^Ton bill prohibiting
the marketing or future contracts on
agricultural products brought forth
the promise from Chairman Scott, of
the agricultural committee, thnt his
committee would soon grant hearings
to farmers' unions and others on this
subject. The House voted to adjourn
Saturday, December 10th, to Monday.
'January 4th, and adjourned for the
day at 5 p. m.
A Special Mccsace.
On Tuesday Congress received a
special message from the President
hearing upon the Panama Canal matter.
The message was directed
i against the New York Wot Id and was
very bitter, demanding that the editor
of The World be put in prison and
otherwise punished.
Repeated peals of laughter greeted
the reading In the Senate of the opening
paragraph of the President's message
on the Panama canal charges.
As the secretary read the statement
that the charges were "false in every
particular," Senator Bailey laughed
outright aa ho waa passing along the
rear cf the ohamber to his seat. Other
Senators on both aides of the chamber
joined with him, and when the
reader reached the statement thnt n
statement in a newspaper which he
mentioned would not be believed,
there was general merriment from
both sides of the chamber.
There was only n small number of
Senators present when the reading
was begun and it was hurried through,
the papers aecompanving the message
not being rend at nil.
m.. XT T.l l.J
1UU XX U UlU IJllt'X CSIC'X.
The message elicited the greatest
interest in the House of Representatives.
The members pave elose attention
during the reading of the document
and there was a ripple of
laughter over the President's characterization
of Joseph Pulitzer, publisher
of The New York World. The
message with its accompanying papers
was referred to committee.
Accompanying tire President's message
was a large bundle of documents
bearing upon the transfer of the
canal property to the United States.
Many of these documents were in
French, without English translation.
There was nothing which showed diriectly
the persons who received the
$40,000,000 paid by the United States,
but there wa aincluded a list of about
7,000 stockholders in the old and new
Panama canal companies, all of them
citizens of France and of the Colombian
republic. There was not the
name of a citizen of tko United
States in the entire list.
ggg w - x ;
-MM
WE MflKE A PROFIT
h. Favorable Characteristic of th3
Foreign Trade cf the United States I
for 1C03?Decline in Value of Ireports
is General and Acounis fcr \
Decrease in Total Value Prices of
Foodstuffs Remain Stationery?
I
Gains in Prices cf Ccrn, Wheat and
Bacon Exported. * ^
Washington, SpeeiuL ? ^Tailing
prices for imports rising prices? for
jxports, are declared by the annual
eport of the Chief of the.Bureau of
Statistics of the Department cf Comnerce
and Labor, to be n characterise- ic
of the foreign trade of the United
States in the iical year IPOS. This
s especially true, he sayfc, as to the f
manufacturers' material .imported
ind foodstuffs exported. In manufacturers'
materials, whether raw or f
partly manufactured, the average 1
trices for tho year are, says the re- (
">ort. materially lower than those for ?
ho preceding year, and were also- (
uncli lower at the end of the fiscal
/ear than at the beginning of the '
rear. The average price per ton of l
temp in June, 1!M)8, was but $141.02, 1
igainst $174.78 in June, 1007; of ma- j
tila, $137.74, against $202.01 in* June,
1007; cf sisal grass. $100.20, against
*2.57 iu June, 1007; of goatskins, '
>cr pound. 24.5 cents in the closing ?
nonth of 1008, against 31 cents in <
lie corresponding month of the pre
wuiug year; 01 Hides of cattle, 10.9
cents in June, 1909, against 15.4
ents in June, 1907; of India rubber, i
>G rents per pound in June, 1908. <
igainst f>7.1 rents in June of the
preceding year; of raw silk. $9.29 per j
">onnd in June, 1908, against $1.09 in j
Tune, 1907; of |?ijr iron, 27 cents per (
round in June, 1908. against 99.1 ,
ents per pound in June. 1907; and
if clothing, wool. 17 cents per pound
n June. 190S, against 25.7 cents in (
June. 19')7, while ?>th<?r classes of
A'ocl also show a similar reduction in
iriee during the year. (
The decline in the total value of
mporfs, which occurs in nearly all
if the principal articles forming the
:rcat groups, foodstuffs, mnnufaetur- ,
us' materials and manufactures, is |
lue in a considerable degree to this j
'ailing off in prices, though in many
.ascs there is an actual decline in
pinntitv. This is particular true in
nuufaettirers' raw muterials, which 1
J 'how a marked decline in prices per
J uiit c.f quantity, the decline in value j
being thus much greater than that '
n quantity. In tlhers, for example,
ihe fall in value is from 42 million ^
icllars in 1907 to 35 millions in 1909, (
i decrease i f 1(1 per cent., while in :
pinntitv the fall is from 912,999 tons
'o 909,848 tons, a decline of but 3 j (
>er cent. In Indian rubber the fall in
value if imports is from 59 uiilIon j
lollars in 1907 to 90 1-2 millions in
1909, a decline of 99 per cent.; hut
he fall in quantity is only fronr 77
million pounds to (52 million pounds,
l decline of but 20 per cent. In hides
mil skins I be fall in value of imports
1b f re in 89 millii n dollars to 55 inil':ons,
a decline of 94 per cent., while ,
n gnautitv the 1V11 is from 971 millien
pounds to 2Q3 million pounds, a
decline cf but 24 per rent. ' In pier (
*cpp:r the value of imports fell from (
59 millcns dollars to 24 millions, n ,
lei lino of 40 per cent., and the qunq^
Mty froai 198 million pounds to 345
rnilliin pounds, a decline of 27 per
out. In pig tin the value of-tho importations
fell from 98 million dolnrs
to 25 millions, a decline of 20
per cent., while the nnmititv e?n 1
. . . t1"" ,
| rrcm OG milhcn pounds to 7.7 million
I pounds, a decline of 20 per cent. In ;
I raw wool, the value of the import a- ,
I rions fell from 41 1-2 million-- dollars
Jin 1007, to 231-2 millions in 1008, a (
| decline of 44 per cent., while the ,
| quantity fell from 204 million pounds ,
| to 120 mil lien pounds, a decline of (
18 per cent. Thus in practically all
J the principal articles used in mpnu- :
facturing the falling off in the value
of imports as compared with those
of last year is due in a greater or J
less degree to a reduction in prices ,
per unit of quantity, though in most
of these articles there is an actual
reduction in quantities, much less,
however than would ho indicated by
a mere consideration of figures of
value or.lv,
Feed stuffs do not shore, ra o rule,
in the decline in values, either as to
imports or exports, which is ehnrr.cJ
teristic of manufacturers' materials. '
The average import price of coffee i
in 1908 was 7.(1 cents per pound, i
against 7.9 cents in the preceding
year; or raw sugar net anove .No. 30
J Dutch standard in color, 2.33 cents
per pound, against 2.11 cents in the
J preceding year; and of tea, 17.3 cents . ,
J per pound, against 10.11 cents per
j pound in 1907; while in manufactur- ,
J ors' materials fibers show an average
J price in 1908 of ?117 per ton, against
J $135 per ton in 1907; hides and skins.
| 19.3 cents per pound, against 22.5 |
J cents per pound in 1907; India rul)|
her. 58.8 rents ner '
i -
70.0 cents per pound in the preceding ,
year; vnw 8ilic, $1.13 per pound. J
against .$4.20 jn 1007; clothing wool.
22.5 con's p?r pound, against 20
cents per pound in 1007; combing
wocP27 cents per pound, against 00
cents per pound in 1007; and carpet
wocl, an average price of 14.5 cents
per pound in 1903, against 15 cents
per pound in 1907; all of the above
being import prices.
On the export side, com shows an
average cxpoit price of 04.7 cents per
bushel, cgainst 53 cents in 1907;
wheat, 99.3 cents per bushel, against
79 cents in 1907; bacon, 10.5 cents
per pound, against 10.0 cents per
pound in 1907; and lard, 9.1 cents
per pound in 1903, ngainst 9.2 cents
per pound ig the preceding year.
THE TOBACCO TRUST
Declared to Be a Combination
in Restraint of Trade
AND IT SHOULD BE OUTLAWED
United States Circuit Court of New
York Hands Down a Decision
"Which Declares the American Tobacco
Company an Illegal Combination
in Restraint of Trade.
New Yoik. Special.? The decree of
he United States Circuit Court in the
government's suit against tlie Ameri'nn
Tobacco Company and others,
vhich \vn* filed, declares the Amcri nn
Tobacco Company, the American
muff Company, the -H. ,T. Reynolds
fompauy, Pierre Lorillard and tho
31aek>vells Durham Company a monopoly
and engaged in an illegal combination
The decree restrains these
lohtijig companies from engaging in
foreign and interstate commerce un:il
competition between them is restored.
The decree denies the re
-vivvrsiiip jisKi-d ny ino government.
An appeal which has boon taken to
;hc Fnited States Supreme Court will
ict as a temporary stay to the de;ree.
Nine companies with their subsidiaries,
are named as constituting an
J legal combination in the final decree
tiled in the United States Circuit
Court, putting into ofi'eet the judgment
recently obtained by the government
iu its suit to dissolve ho
so-called tobacco trust. The rompanies
named are the American Tobacco
Company, the American Snuff
Company, the American Cigar (Timpony.
the American Stogie Company,
MneAndrcws and Forbes Company,
P. Lorillaid & Co.. It. ?. Reynolds
Tobacco Company, lilaekwells Durham
Tobacco Company, and the Conlev
Foil Company.
Each of the first five of these companies,
the court declares, is in itself
a combination in violation of law.
The order enjoins these companies
from continuing as parlies i ntlie combination
and restrains them from engaging
in interstate or foreign trade
until "reasonable competition" between
them is icstored. Nor may tho
com panics named for their subsidiaries
acquire by conveyance or otherwise
the plant or business of any
ither different corporation wherein
liny one of them now holds stock, or
pxcreisc any control whatsoever over
its corporate acts.
Both Sides to AppcaV
Doth the government and the defendant
companies will r.t once take
appeals from the decree. Such action
an the companies' part will make effective
one highly important clause??
that which provides for a suspension
if the injunction during the pendency
af such appeal. As the matter stands
therefore, the companies may continue
business as heretofore and until
an affirmation of tho judgment is obtained
in the Supreme Court.
Twenty days is allowed for an appeal
ift be filed. The government will appeal
on what it considers errors and
nmmissinna ill llin (lddrnn nri.l ilin U"
fendnnts will appeal from the general
decision of the court.
, .It is understood that one ground of
the government's appeal will he the
failure of the court to declare that the
American Tobaco Comptuiy, the Amfricnn
Snuff Company, the American
Pigar Company, the American Stogio
Company, Mac Andrews and Forbes
Company, and the Conley Foil Company
have each attempted- and are attempting
to force a monopoly. Another
ground for the government's
appeal wTll be the denial, of its demand
for a receivership for the <js*
fend a rit corporations,
Dutch Capture Second Ship.
Willcmatnd, liy Cable.?Tho Dutch
battleship Jacob Von Ileemskerk nr?
rived Tuesday morning towing a* n
prizo the Ycttojv.mlm coastguard
veficl "2.1 do Mayo." The (lag of %
The Netherlands had been hoisted to
the peak of tho Yonemelnn ahep. and
pstcm rf the Dutch flag floated the
Venezuelan colors.
Florida Man Shot to Death.
Jacksonville. Fin., Special.?A telegram
received here by Dr. M. II.
ITorlong. a p: eminent phvsioian,
stated that V. A. Ileilong. his brother
and foreman rf the Modeller Dumber
Company's nrlls at Woodstock, bad
hern shot to death bv a negro employe
nr.d that a po-so had been
formed and were in hoi pursuit of tho
negro, who had escaped to n nearby
swamp. Wcodstick is a small sot11 *mrnt
ia Ticker rountv and narrV oil
1/Tiij- ,|oinru 11: t v.n'.ic rifii nv lire
mi!] in pursuit rf Ik' black man. jno
part if.'l.i is cf.lhe murder could' be
learned.
Woman Assaulted in Home.
Spencer. N. C., Special.?Criminally
assaulted in her own home Tuesday
afternoon at Mora' siding, nwr Whitney,
Stanley county, Mrs. .Jame* H.
tyeas. a hiylih respecter} Ta/ly ot that
place, is in a precarious eondiijon. on
account of an attack made'upon her
by Henry Young, colored, 'a&fr'd about
25 years, who was Into Tuesday afternoon
landed in jail nt Albemarle
charged with the crime.
M ).