Historical Newspapers of South Carolina

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PAGE EIGHT THE CLINTON CHRONICLE, CLINTON, SOUTH CAROLINA THURSDAY, FEBRUARY 14, 1924 Statement by McAdoo To Senate Committee Former Secretory of Treasory and Director General of Railways Appears as Volunteer Wit ness to Tell of Connec tion as Lawyer With Doheny. Washington, Feb. 11.—In an at mosphere surcharged with political tension, William G. McAdoo faced the senate oil committee today and ex plained his connections with the Do heny interests. When he appeared in the commit tee room, accompanied by David Rockwell of Ohio, manager of his campaign for the Democratic presi dential nomination, the former treas ury secretory was greeted with a burst of applause which continued for a minute or more. He smiled and bowed as he made his way to a seat to await the call of the committee. Many members of the senate and house mingled with the crowd. “You will be sworn as all wit nesses are,” Chairman Lenroot said after he -had called Mfr-MeAdoo to the stand. " ~ ■■ “Do ment to the committee?” asked the chairman after the oath had been ad ministered. Seating himself under a battery of cameras, Mr. McAdoo adjusted his glasses and replied by reading" his prepared statement. Asked if there had been any ar rangement while he was in the cab inet to enter the service of Mr. Do heny, Mr. McAdoo replied in the neg ative, adding that he had not met Mr. Doheny until after he had retired from office. Mr. McAdoo said Doheny was mis taken in saying that his services here for the Doheny companies ended with the passing of the Wilson adminis tration. In 1921, he said, he appear ed before Under Secretory of State Fletcher to “earnestly” express the hope that the Mexican policy of the Harding administration would be as vigorous as was that of the Wilson administration. Asked by Chairman Lenroot if he regarded Mr. Doheny “equally guilty” as Mr. Fall in the oil lease matter, Mr. McAdoo said: “Not equally. But I think he’s guilty of a very serious matter.” “Of course I don’t undertake to ex press a judgment until your evidence is completed. Therefore I say it ap pears.” The former secretory said natural ly he had felt some indignation that his name had been brought into the investigation. “I think any honest man would feel precisely the same way.” Chairman Lenroot said he wished to explain “outside of the record” that the questions which had been put to Mr. Doheny and which resulted in the disclosure of Mr. McAdoo’s em- home. ployment as counsel had been at the request of Senator Reed ^Democrat) of Missouri. “It was in these questions that your name was brought out as one of his counsel,” Chairman Lenrqpt said. “Do you think this committee would have been justified in refusing the request of Senator Reed?” “No, sir,” replied Mr. McAdoo. “I am glad you brought it out. I hope the committee will continue its in- “Our professional relations began in that connection and continued in that connection. I have never been consulted in his oil leases. He has had other attorneys for that work. He was free to ask me about all mat ters and if he had consulted me about the oil matters I would have advised him.” Chairman Lenroot asked the wit ness whether he had appeared per sonally^ before the gorvernment de partments here in the matters refer red to in his recent letter to the com mittee. “I did not,” replied Mr. McAdoo. “My partner, Mr. Cotton, appeared before the state department on oc casions. I purposely refrained from acting myself because I wanted to ob serve every propriety in this matter. “There was no question of politics involved in the matters presented. It was the policy of the administra tion to protect American interests in Mexico. That policy was observed under the Wilson administration and has been observed under this admin istration. I do not believe that any administration could survive that did not stand for the protection of Amer ican property and rights, not only in Mexico but in all nations. Clinton Is A Financial Market The issue by Jacobs & Company of $135,000.00 of bonds to be floated in the local market is something of a novelty to Clinton, being the first local commercial bond issue ever at tempted to be floated in Clinton. The Presbyterian College of South Caro lina some years ago floated a much vestigatf*** ami bring out alt the: ~* m *ifo* bond- Issue in and around facts. I think the matter of my em ployment is absolutely and wholly irrelevant to this inquiry as it is not concerned with it, but nevertheless I am perfectly willing to have -the committees inquire into it. If it will aid the committe in unearthing the people who have been guilty of wrong doing I am glad to have it brought out.” ' Asked “what service” he had per formed as counsel for Doheny, he said: “Special counsel acting in an ad visory capacity in such ihatters as were presented to me from time to time.” “He has not advised with you about any matters except Mexican mat- Clinton, but this is the first bond is sue by a business house on such a scale offered in the local market. The Jacobs & Company bonds pay 7 per cent, payable semi-annually. They are coupon bonds, offering a very convenient form for the collec tion of interest. 270 $500.00 bonds are to be issued. The underlying mortgage of Jacobs & Company buildings and plant, together with insurance policies, will ' be in the bands pf M. S. Bailey & Son, Bank ers, who will act as trustee for the bond holders. F. P. McGowan of Laurens is the attorney for the trus tee, and has made up the abstracts of title, approved the. form of bond and the form of mortgage. The mort- iUsd, Hair-Echals Miss Gladys M. Hair and H. F. Echals, both of Newberry, drove over to Clinton Sunday afternoon in an swer to Cupids’ call and made their way to the Baptist parsonage where they were united in marriage by the Rev. Edward Long. The happy young couple left immediately for Newberry where they- will—make -thair future the bonds will be ready for delivery in the course of the next few days. They are strongly recommended by M. S. Bailey & Son, Bankers, as well secured and safe. We understand that quite a consid erable advance subscription has been made for these bonds. An advertise ment in this issue gives further de tails. It is quite a step forward for Clinton to become her own financial ^arket on such securities. The house of Jacobs & Company was founded under the name of J. F. and W .S. Jacobs The first of January, 1898, and has been continuously- in operation since that date. It has built up from a very insignificant printing establish ment, and has become a nationally known institution, operating depart ments of commercial art, commercial photography, photo-engraving in black and white and color, electro- typing and nickeltyping, fine half tone and color printing, and also operates a general advertising agency and a special advertising agency, the latter for standard religious, papers. It maintains offices in New York, Chicago, Philadelphia, St. Louis, At lanta, Memphis and Asheville, N. C. and operates a national sales force. The Jacobs & Company pay roll is a factor of considerable importance to the business of Clinton. Jacobs & Company during the past year brought to Clinton from outside sour ces upwards of a third of a million dollars, and looks forward to a con siderable increase of business dur ing the coming year. ’Hieir custo mers are largely in the large cities, and exceptional concerns doing wide ly extended business in smaller plac es. “Mary’s Millions” At Renno School Clever Three Act Comedy to be Pre sented Friday Evening by Renno Stars. “Mary’s Millions”—a clever three act comedy, will be presented Friday evening, Feb. 15th in the Renno school auditorium by the young peo ple of the community. This is one of Denison’s Royalty plays and the young perfqpners who are to stage it have been busy practicing the past week and putting on the final touches. The school auditorium will be well equipped with electric lights for the occasion, and thoqp who attend have the promise of a highly creditable performance. The proceeds go to the improvement fund of the school and when the curtain rises at eight it is expected that a capacity house will be present to see the Renno “stars” in action. The synopsis and characters in the play, follow: Jack Henderson, a civil engineer for the Consolidated Air Line—J. D. Copeland. Jimmie Barnes, his friend from New ea Place: Rocky Hollow, a New Eng land Village. Time: The present. Synopaia of Scenes Act I. Inside the Rocky Hollow postoffice and general store. Act II. The Strawberry Festival on the village green. That evening. A# III. Same as ActJ. Two days later. = TIME FOR A NEW * BATTERY in your car, no doubt, and we suggest that you make it a Chain next time. It will sur prise you with the amount of power and endurance you will get from it. A battery that’s made to give complete satis faction to every motorist. Chain Battery system through every State in the Union. Edwards Auto Service IPBBBBBBBaHBUBBBNBHBHUBnBBBIBBBU Jacobs & Company are opening at number 8, East Carolina Ave., the corner store room of Jacobs & Com pany building, a display room to ex hibit the produces of the house. This display room win be used as & confer- stocKs ana nea —Kirk Milam. Ezra Stoneham, Mary’s uncle and guardian; storekeeper and postmos- ter—William McMillan. Abija Boggs, a human flivver; he can do anything—Geo. E. Copeland. Count Victor • de Selles, another reason for the protective tariff— Hugh C. Ray. Mrs. Jane Stoneham, Ezra’s better half, who has ambitions—Mrs. J. H. Bell’. Eudora Smith, the Stoneham’s hir ed girl—Lee Ila Singleton. Countess Lola de Selles, a “Paris ian Vamp,” the right kind of sister for Victor—Mrs. J. D. Copeland. Mrs. Amanda Mudge, wedded to her Ouija Board—Mrs. T. P..Weir. Betty Barlowe, the school teacher! at Rocky Hollow—Lena Copeland. Mary Manners, a ward to the Stoneham’s and an heiress to mil lions—Mary Lizzie Owens. ■ i s Tailoring Opening JOSEPH H. SMITH Will Be Here FRIDAY AND SATURDAY Folks Just ~L0V E ^ To Buy Pianos —FROM— O'Daniel & Reid FEBRUARY 15TH AND 16TH * With The HOPKINS LINE OF SAMPLES 1 ' • V * Give him a look and be convinced that you — can buy a Hopkins Suit at the ~~ price of a ready-made. L B. Dillard ii A satin This is a dainty satin slipper which has caused considerable comment It is attractively trimmed with black suede and has a graceful Spanish Louis heel. WE ARE OPENING UP NEW FOOTWEAR EVERY DAY, AND CAREFULLY MEETING EVERY STYLE MOVEMENT. ence of sales room as well, where vis iting buyers may have conferences with heads of departments, and have the details of their advertising pro grams worked out conveniently, and surrounded with samples of work done for others. Visitors and sight seers are welcomed and quite a large number of visitors from other places find a tour of the Jacdbs & Company departments very interesting, as many things are done in this estab lishment that cannot be done in larg er cities. The electrotype foundry is the only one in the Carolinas, the nickeltype foundry the only one in the South east. The photo-engraving plant, the largest in the Southeast, is said to be one of the most modern and up-to- date in the country. The printing plant specializes in fine halftone and color work. The art department now has four men, headed by Oliver Kemp, one of New York’s most notpd com mercial artists. Two additional men are shortly to be added to the art department force. Mr. C. J. Killen, the head of the photo-engraving de partment is one of the most promi nent authorities in photo-engraving in America, an author on photo-engrav ing subjects, and eleven years pro fessor of color process photography in the Illinois College of Photo-En graving. Mr. Coffman is widely known as one of the ablest press men in the South. He is head of the printing department. Mr. Slator also an able electrotyper and nickel- typer, and heads the electrotype de partment. The entire force, including the road force, exceeds sixty people. It is ex tremely likely that after the bond issue Jacobs & Company will expand much more rapidly than during the last few years, as the bond issue will afford additional capital. 4 n m m THE LADIES A SHIRT THAT FITS Always Pleases a Man The men will like the rich appearance and good wearing qualities of our new Shirtings. Among the Shirtings most called for are Broadcloth, Striped Madras, the popular Soieset- te and Alpaca cloth, and a wide variety of Silks. The patterns are neat, the colors fast and they will stand a lot of washing. Don't forget LaPorte Shirtings in your home sewing plans. 0 ' * ^ LADIE’S DEPARTMENT * t ' * Jk Copeland-Stone Companu “ONE PRICE TO ALL” PKom Ntutbar 47 HAND AND FACE LOTION Will prevent and cure chapped hands and face. SADLER-OWENS PHARMACY Telephone 40# Telephone 400 CLINTON, & C