Cheraw chronicle. (Cheraw, S.C.) 1896-2005, September 30, 1915, Image 2
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Volume 19 CHERAW, CHESTERFIELD COUNTY, S, C? SEPTEMBER 30. 1915 Number 48
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1 - -
SMITH PREDICTS
RISEFORCOTTON J
WILL, GO -BEYOND 15 CENTS
8
A
Junior Senator Tells How Banks Can l>
u
Aid Movement of Crop. Heavy A
tl
War Orders.
. - , ' n
a
Columbia, Sept, 27.?"Cottou will ?
eertainly go beyoml 15 cents. Just s
? how much 1 won't say, nor will I re
jivut wimi i sum to u Columbia Bunker
this morning. But cotton is going xv
above 15 cents a Jiouud.
The above was United States Sena- p,
tor E. 1>. Smith's optimistic summary
of the cotton sltuutiou when in Co- p
iumhia Saturday. His conclusion, he ,.j
explained, was based on two factors:
One that the 15)15 crop will not be
more than 10,500,000 bules; the other rp
the exorbitant demund for cotton for ?f
the manufacture of war munitions, f
whiety is hecoining more urgent each m,
day to meet heavy orders from Europe,
plus the imiiending crisis--in Mexico yj
and the apiieal for increased armament )n.
in the United States, incident to tli
threatened complications with Euroi>
eun countries. p,
Senator Smith also made a striking ini
analogy lietween the present crop and an
that of 1914. "Last year we produced A1
more than 10,000,000 bales. Despite Dc
the demoralization of the European su]
spinners and the fact that the cotton bn
exchange were closed a large portion
of the season, we have consumed p radically
all of last year's crop. This year
y^e well market only about 10,500,000
your own con- Fc
reserve boaVrl ruling that
K " money should be loaned on cotton at
p. 6 i>er cent, also came in for heated ^
arguments by the junior senator. He
explained that he had recently been
in Washington in session with the reserve
board, and that while there, at ^
his suggestion, the board had agreed s(v
that the stream of money available for I (lj)
discounting cotton receipts would bejrl)
clint tbnt hfltlk which dis- I
- or
counted cotton pai>er at a higher
rate of Interest than 0 i>er cent Such
ruling, he added, precluded the idea
of the liank's acquiescence in the pro- vision
of the law as lieing optional. R(
The banks were ?'ompelled to comply, (|j
he asserted, to remain an active part jll
of the federnl reserve system, ,lf
"It seems that you just caut drive
It into the banker's head that they
can discount any volume of cotton
receipts, irrespective of the size of u|
capital stock or assets of the bank," j,,
lie continued. "If the cotton is properly
insured, and graded and placed
where there will I?e no exposure to ^
weather conditions, by the provisions a]
of the law the cotton is a banking
asset, and the hank Is comi>elle<l to p
discount the paper at 6 i?er cent.
This discounted pai>er is then sent on p
to the reserved hank and redtseounted p
at n per cent. And any hank can dis- r
count $r?.000.000 worth of commercial n
pni>er if it should he called on to do so. n
There's no limit, just so the farmer p
complies with the provisions of the u
law in housing, insuring and grading il
his cotton. The central reserve hank e
Issues a steady stream of notes to dis- t
count this paper, and the capital of n
member bank has absolutely nothing V
to do with the volume of paper it dis- s
counts on cotton. The notes are issued T
011 three-fourths of the market value f
of the cotton." <
Senator Smith claims the author- I
ship of that section of the federal re- o
serve act. which places cotton in the J
class with other commodities, upon f
which the government will Issue notes.
1
Mesdanies Trout, and Ross, of Cash. *
s
spent Friday last hi the city.
*?*
Miss Annie Toward spent Tuesday
in Chesterfield.
i
**
i
Miss Janie Rrown. of Cash spent 1
Tuesday In the city.
i
Mr. W. J. St rick I in. of Dillon, S. C.,| I
sj?ent Sunday in the city with his:
parents, Mr. and Mrs. J. N. Striekliu. j <
I
AUSTRIA WILL RECALL AMBAS- |
SADOR Dl'MBA f
io 'Leave of Absence;" Safe Conduct
As Soon As His Nation Admits
He ought to be Fired.
Washington, Sept. 27.?Dr. Con- ^
tantiue Dumba. Austro-Huugariuu
mbasador to the United States, will
e formally recalled by his Governlent,
according to assurances given
mcrican Ambassador Penfleld at
tie Vienna Foreign Office. al
Mr. Penfleld has been instructed to Wl
inke clear informally that "leave of
bsence" for Doctor Dumba would not
itlsfy the request of the United 1>l
tates in its formal notice asking for 'M'
le recall of Doctor Dumba. Mr Peneld
was advised that the wishes of
le United States would Im? complied
Ith. t,M
A note on the subject is being pre- 11,1
ired and immediately upon its ro
dpt. safe conduct home for Doctor
umba will in? arranged and the in- '
dent so far as the United States is (n'
inoernod will l?e closed. Until fornl
notiflcatlon of Doctor Dumha's '
<-nlI Is received. State Department :,n
ficials will make no announcements. wo
hoy are rea?l.v, "however ^to hurry 'HH
Koa tat Ions for the safe conduct the ^
nment satisfactory word arrhjes
enna. in order that Doctor Duniha
:?y sail on the steamer Rotterdnm __
is week in accordance with his plans. I
Written assurances that. Hadame J
nnha could proceed without fear of
torforenco from British or French
thorities was mailed Saturday, the
lied Embassies having notified the
pnrtment that safe conduct was
perfluouR in the case of a non-comtan
t.
ST
IN RESCUE WORK. Ul
inner Cherow Boy Figired Pro ml,rm
and Hood at Port Arthur. ToraR-j
in ine for* annur itecoru, a uanj
wspaper, the following nrticle apnred:
pla
"When the story of the storm and in
id at Port Arthur Is written, ami wa|
oper credit Is given to those who ()rj
serve recognition for their great par
rvlce during the first three or four au(
ys, the name of Pr. David S. Held, j,aj
ty health officer at the time, will jOS!
cupy a conspicous place in the roll jj
honor.
"It was due to the exigencies of the
hint ion that the writer of this report
und a refuge in the office of Pr J
eld during the storm and the succee vie
ng days of *he first woek.Ttedracglea. Pr:
ingry, wet rhrough to the skin ar.d .vol
ick again, and also dry with thirst, ele
ie reporter wis found by the city Sti
wtor and given hostage and comfort.
"During those memorable days and tw
iglit of occupancy if Pr. Reid's "ouch gi\
i ids office and Mi.? rcceipien' cf ids in
any courtesies, to*1 activities of the go
Iiysicinn could he observed easily. and fai
is hero said without reservation of tis
uy kind that no other man. be he city sh
Tidal or private citizen, was more so- ti,.
cltous for the health and comfort of n
roryono. great and small, than Dr. en
:dd. He sjxdled his dress clothes the
rst night and then donned his hath w,
ohe. /which atlre he answered se
nils day and night, going to all parts p,
f the city. If he slept any during *<
lie first three days and nights it was w,
ot observed by his guest, whose duty en
\ was to k<?ep his eyes open and sec eo
verytliing that happened at that in
Ime."
Dr. Rcid is a sin of the late Capt. hi
V. T.. J. Tteid of Chora w ha ml he has u
everal sisters and brothers: John S. m
told of Greensboro. N. C.. who travels
or a Columbia concern; Charles Tteid n
>f Cheraw. \Miss f'Mar.v Eelle Rcid la
Hkins. wife of Rex. John W. Elklns
if the south Carolina conference, and M
Jrs. Kate Rcid Davidson of Spring- T
ield. Mass. vi
Dr. Rcid was made very ill from
lood jioison by wading around In
he iniidy water giving aid to the may
ulTerers.
li
P
Austria Recalls Rumba. ?
Washington. Sept. 28.?Dr. Con*tantine
T. Piimba, Austrian ambas- f(
sador to the United States, has born ?<
formally recalled by his government
und the state department is arranging
with the British and French embassies
for his safe conduct on t?steamer
Nieuw Amsterdam". salVIng \
October 5. /
IEW ORLEANS ~ '
IS ISOLATED T
ower Mississipi and Louisiana Towns in
Flooded?New Orleans Light ,K
Plant Out of Service. te
in
gr
Mobile. Ala., Sept. 29.?New Orleans t.u
id the Misslssipl Gulf eoast tonight
ere swept by a tropical hurricane ,.t,
at demoralized communication and
1 to fears of heay loss ef life and
operty. The Mississipi Itiver ]evecs ]?j
low New Oreleans have broken,
uses have l>een washed away, and Xvi
least two lives have been lost in that
[ tion according to a wirless message sel
lay from the Morgan liner Creole. t<>
ward bound for New Orleans. of
The business district of Itiloxi, 1
iss.. is under six feet of water and tr,j
.... wnirt' ims been abandoned ho- yoj
nso ??f washouts throughout a large in
tion about Itay St. Louis. y
Last report coming from Now Orlo- mi j
s Itefore al] moans of communication C'li
ro lost said tlie oity was in darknoss tlui
aase of the flooding of electric' Mo
Deposit your
The Bank o
Cheraw
R0N6ER THAN ALL OTHER BAt
nts. Wind lmd driven the water ton.
I.ako Ponehartrain above the sea I
II, and Mihiebnrg and other Now to
cans snhurhs aheni the lake wtu ten
tilly under water. The advleo said j
oniobllos were bringing in the in- hn,
iltaiits of tliat section, and that no
* of life 1m<1 been reported.
oowniehbDoerynewngovearsI'gvnro
mil
de?
JOE MALLOY EXECUTED ?"1
foe Malloy, the Marlboro negro eonted
011 the charge of killinic of
intiss Moore anil tiny Rogers, two ^,M
ling white hoys of Iteiinettsville, was
ctrocuted yesterday moriiiii^r in the
?te penitentiory. 111,1
It will he remembered that these <
o hoys Jeft their homes on Thanks pr<
ring 1 >ay in 1011 for the purpose of an
a mil ley the following Saturday not
ing hunting. Their hollies were found bo
r from the home of Joe Malloy. I*ren- ni?
;s Moore had been killed by a gun- er:
ot wound in the back, near the slioul- tei
r blade, while tiuy Rogers was killed ju
gunshot wound in the breast, which ve
tered in almost a solid mass.
After an investigation. Joe Malloy (\
is arrested, tried, convicted and of
ntoiicod to Month. The case was applied
?to the state \stipreme court ju
voral times ami opinions were al- \vl
ays foiiml adversely to Mnlloy. Ills In
iso was tnUon to tlio federal supreme ai
airt on apiM'nl. nml tlio highest trl- to
nial of tlio nation rofnsoil to grant
Mnlloy, was plnooil in tlio cliair nt _
m a now trlay. ~~
Wlion nskoil if ho lia<l a state- \
out to make tlio negro replied:
"No other statement than I have al<ady
nuiilo. I am Innocent. I could'I
> guilty of it. 1 am going to glory."
Tlio current was npplod at 12:1S and
fallov was proiionnooil dead at 12:20.
wo shocks, of nine amperes and 1S.*?0
nits wore given.
LEGAL BLANKS.
Wo carry at nil time* n complete
nc of Sontli Carolina T .en gal Blanks
r>sl<lcs a line of s|tecinl blanks gotten
p by local attorneys to fit Into bn-nl
unity conlHons. We have .Inst added
i our stock regulation South Carolina
Clniui ami Delivery" blanks.
JOB PRINTING
Setul us you orders for Job Printing.
Ve please others and can please you.
Ul we ask is n trial.
ROCKMNGS OF COURT OF GEN'
EK.VL SESSIONS.
lie Full ler*n of Court of General Sesions
for This County.
For the trt?l of eriuiinul en sew coii?ned
at Chesterfield Monday morn*
ig with Judge T. J. Moulding on the
nich. A large crowd was in atndance.
owing to the number and
iportnnce of cases to be tried. The
and jury, was set to work and the
urt took up cases of minor linporti<v
while the grand jury acted upon
rtaln otinr. I ill.-. The following
ses u i re dl* posed of during the day:
1 *ii 111 j] s vv McKay and McKay *.a
illllps. couti ined Itecauxe of Illness of
rx. McKay, one of the lni]>ortant
tnesses in 90th cases.
Luther Galney pleaded guilty to
lllng lhpiori ami was sentenced to
three inoulis 011 the gang or a tine
$100. Thfcj was his first offeiwc.
W. A. 24 years ohl, plead
11 ty to foirery. and was given one
ir on the gang or In the i>enitentlory
each of .11 eases.
tViliain Stanley, colored, plead
ilty to breaking into drug store at
esterflehl. Solicitor reeoimnendetl
it his sentence he as light as posslas
lie was oiily 14 years old. Sen?4?;
money in
? /*?!
r \jpneraw
^ T~ 11
L*ed m months on jganR. t
.crofliaincs, colored, plead guilty r
hoitf breaking ami lummy. Sen- I
cctlH 12 months. 1
toy?Hunt, colored, plead guilty to !
ukfl in house and stealing yun. '
'en ft months.
.'low St renter, pleaded ({guilty 'to
nsftpghter. Solteltor Voeoniinen1
nlrey as the negro he killed was
ishfred a had one. He was given
1 nil.iuninni sentence of l! years, and
months of this was suspended on
?d behavior.
lohn Met < tiger. plead guilty to slitvrt;
niiothor Jnegro. Sentenced to C
nitlis or tine of $100.
Case of \V. T. Arant for disposing of
[ IH'rty under lien, referred hack to
iiliitrutors for setlenient.
hi uie ruse 01 i'. i1.. iii'.iih'r, oi .muiir?
county. charged with obtaining!
>ney from The Merchants ami Farm<
Hank at t'lieraw under false preioes,
a misstrlal was ordered, the
ry not being ahle to agree on a
riliot.
Tuesday morning the time of the
urt was taken up with the settlement
minor iini>ortnnoo.
A true Idll was found hy the grand
ry against all the parties churned
1th engaging in the l'ngoland riot of
st March with the exception of }Willin
Wallace. This case was continued
the next term of court.
Court adjourned Tuesday afternoon.
YOUR <
Have your cotton a
and reliable compani<
loss. 1 .'.T
We insure property
with us and investigate
MAYNARE
Phone 84
i
NEWS AND VIEWS r
FROM STATE CAPITOLtho
, of t)
ELECTION TO BE DECLARED v?
TIi
The Gallon-a Month Law?State Print- httS '
ing?General Items of Local l8
Interest. undo
. W. I
Special to The Chronicle.
1 houw
Columbia, Sept. 27.?The steering
committee of the prohibitionists has since
iN-stpoucment of the declaration of Unregistered
a protest against the recent , .
election held 011 September 14. and the ^ .|j
secretary of state. It. M. Met'own. in a ^
p ibllc statement, has explained tlia>. wjjj
the in)sti>ouenieiit was necessary, jis on
not a single member of the board of dou^(
canvassers except himself was present prjntj
at the meeting which he called; that ar
he called in the lieutenant governor.
who attended, but it was found that ^
all the returns were not in. and that qijojp
October 5 was finally lixed as the date orf. nl
for a subsequent meeting to declare n
thl? pliw'tlmi
The prohibition steering committee
seems to fear that if the declaration of ^
the result is delayed, some of the county
dispensaries may purchase additional
supplies of liquor, the dis|K?nsaries FI
living forbidden to purchase any more
liquors after the result is declared. r
The secretary of state cites the law
under which purchases must be made,
the time required for advertising, for
sealed bids to lie submitted, etc., in re- Wai
ply to what he calls this "luigalvoo. or tije vs
increa
ffe p<
!eRe hi
ion wll go to the supr?W"WW^^ s ^
idjndlcation, and probably to the snmemo
court of the United States. Some .
good lawyers think his construcpuply ^ ]
?mie good lawyers think his construeLion
wrong. Mr. Wm. 1'. (Sreeiie. an *
able lawyer of the Abbeville bar. dis- " ^
cussing the deeission in liis newspai^r. ^
the Abbeville Press and Pauper, differentintes
the South Carolina statute j
from the principle involved in the decision
of the United States supreinen
ccirt in the Kenuekey ease, upon wbico """J
Judge Cary based his decision. r-4 74
a ??t - j a..4
.1 nay ruimni irui. < ><? <
1 lowevor. tin* law may ho doubled. a <
way lias boon pointed out for South $2,fib."
Carolina to havo real prohibition. The
prohibitionists havo a majority in the K2.2 1
iron oral assembly, ami if they want Hupp
real prohibition it is urged that they nirain
oouhl pass an net making it unlawful p,,r
for one to havo aleholle liquor in his nn?,u
possession ovon for jorsonal use, ami ninoii
then prohibit the shipment of it into 91 pf
South Carolina for any purpose. There
wouhl thou bo no loophole, ami by thus
taking advantages of the federal law
South Carolina oould bo made dry. It
\V?l s
is urged that if it can ho made unlawful
for a person to havo more than a
gallon a month in his possession for
personal use?the only foundation '*** *
I ins
upon wliieh the galloti-a month law
ean stand under the federal law?then
it ean be made unlawful to have any Al
whiskey at all for personal or any stool
COTTON INSURA1
nd other property insured i
is; You get fair and prompt a
Gf every description and at ;
0ur companies before placir
WE APPRECIATE YOUR BUSINESS
>-RALEY REALTY & TRU
i
i
)
r Msr. ami the Federal law be
n advantage of and keep whiskey
of South Carolina altogether. l)f
se thi-? would be a stringent law,
it Is the only logical conclusion of
whole mutter, viewed in the light
!jo ret cut election,
unty Warehouses Under State
System.
e warehouse at Little Mountain
?een taken under the State system,
the warehouse at Pomaria, which
>w about completed, will be taken
r the system this week. Messrs.
1. Shealy and C. A. Frick are the
igers of the lLlttlc Mountain ware?.
The Wise warehouse at ProsIt
has been under the State system
last November.
xne State Printing.
loint committee of the two houses
e general assembly is Investigathe
matter of State printing, and
hold another session in Columbia
?e first of <)ctol>ec. There is no
: that in the manner in which this
Ing has been handled, due to lack
ly adeqate or efflcent system of
art of the State, there has been a
deol of waste, and there is posv
of great saving to the tax-payr
the State in the Inauguration of
>I>er plan. It Is for the purpose
king report and recommendations
this line that the joint eommit'
the two houses was appointed.
EDERAL RESERVE BANKS
Increased More Than $5,000,000
During Week
shington, September 25.?Gold in
tults of the Federal reserve banks
sed more than $5,000,00 during
ist week, according to the state
ltliln
mat uritlcs^^^^^^^Kety
000: niatui^^^^^Vnlnety days
Totn l^^^HT.OOO.
'stmeiits?I'nit^^^atcs bonds,
,(mki; municipal warrants, $24,i>:F?sloral
reserve notes, net $14,rs.
net. $7,409,000; all other re's.
$:t.r?77.000. Total reserve re's.
$147,700,000.
Iiilities?Capital '-stock paid fln,
s.O(K); < Jovernnient deposits, net,
Ml.ooo;? Federal reserve notes,
<1 .">.-000.000; all other liabilities
1.000. Total liabilities, $417,700,
reserve against net liabilities,
ier cent: cash reserve against net
ities. ss.7 1HT cent: cash reserve
ist liabilities after setting aside 40
cent gold reserve ngainst net
int of Federal reserve against net
mt <>f Federal notes in circulation,
ir cent.
Petition in Bankruptcy.
voluntary potion in bankruptcy
J.. tl,n IT.MOwl Ctntnu niu.
Court here yesterday by It. Mel
Is, of Clieraw. Liabilities of tho
loner were listed at $4,848,88 and
nssets at $2,504.
II kinds l/ejjal Blanks are kept in
k at The Chronicle office.
SJC .
in one of our strong
djustments in case of
any location; figure
ig your insurance.
ST CO.
Cheraw, S. C.