Historical Newspapers of South Carolina

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.litlS in^ PRAISE ILSON AND H’REYNOLDS LADD- ED FOR TRUST FIGHT BLOODHOUNDS CATCH HIM INDEPENDENTS PLEASED to lui' Pmc T«l«phon« Companies Not Connected With Western Union Kipress GraU ttcation at the Ilcetoration of Fair ) . Competition, Which Waa About to be Crushed. Attorney General McReynolds has recelred many letters of commenda tion from Independent telephone companies congratulating him upon his work in bringing about the dis- oslution of the Bell' telephone and Western Union Telegraph-interests. John H. Wright of Jamestown, N. Y., president of the Independent Tele- phonu Association of America, in a letter to the Attorney General re ceived recently, said: “On behalf of the Independent tel ephone interests of the United States I desire to express our appreciation •f the splendid manner in which you have protected our rights under the law. For a long time we have felt that there was some adequate rem edy against the wrongs that were openly perpetrated by the Boll inter ests, which were designed eventually ^to end all competition. The qgree- uent you have reached indicates *most satisfactory results which con stitute a justification and pompensa- tion for our long struggle for that cad. “May we also, through you, ex press to Bresident Wilson our appre ciation of his distinguished personal consideration of this controversy and the unfailing patriotism that has characterized his attitude through- out?" B. G. Hubbell,' president of the Federal Telephone and Telegraph company of Buffalo, writes: “You have done a wonderful work for public good and are being pro claimed a hero by independent tele phone interests,, which embraces in It* *cope more tllan 400,000 security holders.’’ Mr. Hubbell also invited Mr. McReynolds to address the Inde pendent Telephone Association of America meeting in Chicago on Jan- • ary 7. Since the announcement of the plans for the reorganization of the Telephone Trust there has been one caller on the Department of Justice ia the cause of a prosecuted com bine, more than a hundred telephone oells and scores of letters and many telegrams seeking to learn what may be expected In the suit of the 0<#V- ernment against certain trusts. Mr. McReynolds left Washington for Kentucky last Saturday and will not return until next week. In his ab sence there is no one at the depart- rment authorized to act for him In taking up fresh proffers from trusts which wish to reform. The inquiries and reports of negotiations and pro- tactive agreements have persisted, however, and in the list that has been mentioned have appeared what are regarded at the Department as some ®f the most important suits that have been filed in many years. Mr. McReynolds, in talking over kh* efforts of directors of the New ^ork, New Haven and Hartford Rail- raad company to avoid a trust suit, baa made It plain that he Is not will- i*e to accept offers which do not ■•an a reform In accord with the department's own Ideas. HUERTA CLAIMS MILLION. Mexican Resident Says He Can Secure That Many Soldiers. Replying to a letter sent him by the correspondent of the Frankfurter Zeitung, a German newspaper, Pres ident Huerta saifl that if It should be come necessary he could put into ser vice Immediately more than 1,000,- 000 armed men. Tills statement he explained as follow’s: “Without counting the 150,000 men of the national army, the gov ernment in agreement with various states of the republic have organized an armed force for the local service of 1,800 men for each state. Also the government has arranged with 52,000 hacieneados (farmers) that they keep ten armed workmen each for their own protection. “Thus, then, the government counts upon the number of armed men aggregating seven hundred and some thousand without taking into consideration the reserves, which to the number of 300,000, could be or ganized If the peace of the Country should be disturbed.” Sign Peace Treaties. ^ Secretary Bryan and Chevalier Von "t’ippard, the minister from the Net- erlands, Thursday signed a peace treaty for their two nations. Nether- is the first European country to agree to Secretary Bryan’s peace plan. ° I Loses Two Fingers. - While testing a toy cannon which he ha4 bought for his son, Charles Teager, a jHver, of Charleston, lost two fingers in the resulting explosion Saturday. ^ • NEGRO WHO ASSAULTED WHITE WOMAN CAPTURED. Wife of Confederate Veteran Attack ed ia Her Home During Her Hus band's Absence. On Wednesday about 12 o’clock Buck Hill, alias Buck McLeod, a ne gro, assaulted a white woman while she was at her home near Brown's chapel, which Is ten miles southeast of Columbia on the Leesburg road. The negro was trailed by the blood hounds from the State penitentiary and captured about 4:30 o’clock by Sheriff McCain, Coroner Scott and the members of a posse who left, Co lumbia in automobiles at 1 o’clock Wednesday for the scene of the crime. The negro was lodged in the Richland county; jail that night. The negro's victim, who is about 35 years old, is the wife of a Confed erate veteran, a man of excellent standing in his community. She was alone in the house at the time the crime was committed. Her husband had gone to Columbia on business and did not leave for home until about 2 o’clock. He was informed of the affair after ho had gotten a few miles from Columbia. There were threats of violence against Buck Hill after he was cap tured. While Sheriff McCain talked to the crowd which had been aiding in the man hunt, the negro was put in the automobile of Coroner Scott and carried to Columbia. The crowd, which grew rapidly as the news of the crime spread over the Brown’s chapel section of the county, was not difficult to handle, but Sher iff McCain took the precaution of get ting the negro away from the scene as soon as possible. The unfortunate woman is said to be in a serious condition as a result of the negro’s assault upon her. She was badly bruised about the face and neck, while one of her hands was hurt in the struggle with the negro. The sheriff’s office was notified by telephone of the crime about 1 o'clock hy Mr. Gaston, the principal of a school near Brown’s chapel, who was one of the first men to go to the scene. After getting the dogs from the penientiary Sheriff McCain left immediately in an automobile, tak ing Guard Robbins, Officer Henry Dunning and Dr. J. E. Helse with him. The bloodhounds readily took the negro’s trail away from the dwelling house in which the crime was com mitted. The dogs followed the tracks for some time, then became confus ed by cross trails, but after a little they carried the tracks to Hill’s, house, which is only a mile from the scene of the crime. The negro Hill, alias McLeod, was found In the house tvith several other negroes. He was arrested and taken before the woman on whom the crime was committed. According to Sheriff McCain, the wo man positively identified the negro as the one who committed the assult upon her. When the negro was arrested at his house by the sheriff, he Insisted that he must be allowed to change his clothes and shoes before he left home. He was taken before the wo man dressed just as he was. It Is said that the shoes he wore were of the same size as the footprints lead ing away from the scene of the as sault. SACK OF MAIL LOST. Mystorlonsly Disappears From Crane at Gaffney Depot. Gaffney post office officials and em ployees of the Southern Railway at that point are anxiously wondering what became of a sack of mall sup posed to leave Gaffney last Friday night on northbound train No. 30. The sack was closed up at the usual hour at the post office and turned over to the railroad later being hung up on the crane for northbound troln No. 30, at 9:45 o’clock. The station agent saw the sack hanging on the crane only ten minutes before are arrival of the train, but when the train reached there the sack was gone and has not been seen or heard of since. A thorough investigation has been made by the post office officials, as sisted by the railroad, but so far there has been absolutely no clue as to what became of the sack. When asked whether or not It con tained any valuables, post office offi cials said that there were no regis tered letters or money orders In that mail, but it is, of ^course, impossible to estimate^wlfltHMle loss of some of the letters may mean. Two New Rural Routes. Two additional free delivery routes will be established January 1 from Bamberg, to be known as Routes 3 and 4. Route 3 will be twenty-two miles long, and will serve one hun dred and twenty-six families. Route 4 Jl! 1 twer ^~ £o ur TaUfifl. long and will feacn one hundred and fifteen families. Train Kills Negro. NIm Bomar, an aged negro, vra* struck by a train on the Soathern Railway, near Welford, Sunday night and killed.. Ha waa drinking. , • ' ’ - NEW CURRENCY LAW MEANS FINANCIAL DELIVERANCE TO THE PEOPLE SHACKLE WALL STREET What the “Federal Reserve Act” Just Enacted Into Law by Congress and Signed by President Wilson Really Mean* in a Financial Way to the Nation. The “Federal Reserve Act”, re cently passed by Congress and eigjned by President Wilson, Is undoubtedly the most Important and beneficial legislation to the nation in financial way that has been enacted by Con gress since the close of the civil war. The three great reforms accomplish ed by this bill are: 1. A true and elastic national cur rency, based not upon government flat or government debt but up on the commercial resources of 100,000,000 people. This currency is definitely established on the gold standard. 2. The complete separation of the organized banking system of the country from the New York Stock Exchange and Wall street gambling. 3. The destruction of the central ized control of money and credit— the so-called Money Trust—and the extinction of a centralized bank, both in principle and practice. The Federal reserve hanks to be created by this act will disturb in no wise the commercial banking opera tions naw conducted by 7,500 nation al and 15,000 State banks and trust companies. They will disturb in no wise the identity and independence of these banks. The reserve banks will be hanks of banks—banks owned by banks, con ducted primarily by banks and doing business only with banks. They will he what the name implies—banks to mobilize and guard and better utilize th.e reserves of banks. Not less than eight nor more than twelve cities will first be designated by a committee named in the bill for the locations of the Federal reserve banks. These cities will be repre sentative of as many sections of the continental United States, which sec tions will be marked off as Federal reserve districts, whose lines will have regard to the convenience and customery course of business. National banks within each district will be required to take stock and carry reserves in the Federal reserve bank of the district or surrender their charters. State banks can come In or stay out as they please. Sub scribing or member banks will buy shares in the reserve banks to the amount of 6 per cent, of each mem ber bank’s capital and surplus. This stock will pay 6 per cent, dividends. All other earnings will go to .surplus and then to the government, which will deposit Us free funds without in terest in the reserve banks. The great particular evil first cor rected by this act relates to the rede- posited and centralized reserves of country banks. The country national bank is now required to maintain $15 in gold, silver or greenback (“lawful money”) for every $100 of deposit liabilities or credits against whi<fh checks are drawn by its cus tomers. — ' But $9 of the $15 may be, and Is, sent to a New York city or some oth er central reserve IpitJF bank. This bank In turn uses this money as part of Its own reserves \lo create four times as much demand credit, or $36 In addition to the $100 of credit already put out hy the country bank. This Is the "pyramiding" of reserves which has caused so much Wall street speculation and panic and se verity of panic. Under the new system this country bank will be obliged to maintain $12 in cash reserve on every $100 of de mand deposits .or credits, of which $4 must be in its own vaults; $5 in gold must be kept with the Federal reserve bank, and the remaining $3 may he carried either with the re serve bank or in its own vaults. As matters now stand with this typical hank, it can in times of stress scramble for its reserve money in New York, but usually can not get It. It is tied up in loans on Stock Ex change collateral and can not be re leased without causing a stock-mar ket panic and then a general bank and business collapse. Under the new system, however, the reserve money held in the re serve bank of the district can not be recalled or scrambled for In a time of stress. But it Is open to emer gency use and in the one way most desired at such a time by the mem ber bank—through issues of circulat ing notes bearing the indorsement of the United States and given out to the member bank, under the protec tion of a 40 per cent, gold reserve, on such prime notes and bills of ex- oer tiank nas to put up. These circulating notes can not issue on bills protected by Stock Ex change collateral. They completely exclude Wall street speculation from the new credit system and from the Federal banking system. Banks ac commodating Stock Exchange gam, bttag can use only thslr own FIGHT FOR THE FARMER ( .... iWXT' ? LEVER GETS HOUSE TO ACCEPT SENATE AMENDMENT. ... ^ .. t r' ... - Action Guarantees That the Amend ment Secured in Senate by Senator C * Smith Will Becoine Law. n - ^ 1 ‘ Representatives Lever and Crisp came strongly to the rescue of the farmers Saturday In the House when Mr. Lever, after agreement with Mr. Crisp, moved to Instruct the House conferees to agree to those Senate amendments to the currency bill which provided that notes, drafts and bills drawn or Issued for agricultural purposes having a maturity not ex ceeding six months, may be discount ed and extending the provisions of the bill in reference to loans on farm lands from one to five years. , Messrs. Lever and Crisp both fought hard for the provisions in the House bill but were defeated, but they took advantage of the parlia mentary situation Saturday to force the House to agree with them with a view of placing the paper of the farmer- on the same footing with paper issued from any other source and at the same time putting a longer limit upon loans upon farm lands. The action of the South Carolina and Georgia congressmen Saturday makes certain that the farmers of the coun try will be as fully protected In the currency bill as will other people. The point raised by them proved to be the vital proposition considered by the House and to their efforts and un derstanding of the parliamentary sit uation the victory of the farmers is due. It was extremely gratifying to Sen ator Smith of South Carolina, who had made the fight in the Senate for the extension of loans to farmers, that even though the House disagreed to most of the Senate amendments it made an exception with regard to two, gnd instructed the conferees to vote for his particular amendment. This action guarantees their reten tion in the bill. Senator Smith, said Saturday night: “In view of the action of the Sent te and House it has at last come to piss that the farmers are being heard and their rights respected as they should be. It is not a question as to whether or not it is convenient for legislators to so frame legislation as to include the farmers, it Is a question of a fundamental duty that of all those engaged in the different industries of this country the farmers should have extended to them every encouragement and aid that can be given them legitimately. “The farmers have a right to de mand it, and they are now getting in a position where they can demand it. They rightly have the first claim to financial legislation, for the entire world is first dependent upon them. The two features of this bill, allow ing their notes,'bills and drafts to be subject to rediscount for reserve money, and the admitting of real estate as a collateral in the national banks, place them in a position where with the same economy and thrift that characterize most of them, they can realize a profit at the end of the year as others do and not disappoint ment as they have been accustomed to.” BAIRS TIE FLAMES WILSON DIRECTS HRE FIGHT THE GOLF COAST ■ PUTS OUT BLAZING FIDE ' , - While Returning From Golf Links the President Catches Bight of Blaze on Roof—Sounds Alarm and Extinguishes Fire Before the Local Department Arrived. President Wilson Friday night found himself the herp of the gulf coast. Word spread far and wide that the watchful eye of the chief executive of the United States had spied a blaze that threatened to de stroy one of the handsome homes of the Southern shore and that he had acted the volunteer fire chief in a manner that long will be remember ed. The incident created a stir in the otherwise quiet life of the gulf esc- tlon. The president was returning from quiet game of golf towards noon and on passing through Gulfport, eight miles from Pass Christian, Miss., saw a blaze on a roof of a big house. It was the home of John J. H. Neville, who won fame in 1891 by prosecuting John L. Sullivan for a prize fight at Richburg, Miss., with Jake Kilrain. Mrs. Neville, who was alone in the building, had run to the window to watch the president go by, when sud denly two machines stopped and the president himself alighted. Quick as a flash he darted up the front steps, followed by Dr. Cary T. Grayson, U. S. N., the secret service men and chauffeurs, who had unstrapped the fire extinguishers from their ma chines and a,waited the president’s orders. Mrs. Neville was confused. “Don’t be alarmed,” said the presi dent coolly. "Your house is afire, but the men will put it out quickly :f you will show them the way to the attic." Mrs. Neville pointed the way up stairs and Robinson and Fredericks, the ehauffeuTH. trrak'e a window and climbed out on the roof, while James Sloan and Jack Wheeler, the secret and not the money of the country at large, as now. But is there not still a "pyramid ing” of reserves under the new sys tem through circulating notes instead of deposit credits? Here is the whole crux of the question of Inflation. There is such a "pyramiding”, but not all the ti,me, as now; not easily at any time save when money is tight, as in the crop-moving season; and then only to the extent of two and one-half times the reserve held in the Federal reserve bank, as against four times the reserves now carried for other banks in our central reserve cities. It is necessary, moreover, to re member that there is no essential difference between a bank credit giv en to a business man on his discount ed note as a deposit to be checked against, and a bank credit given to him in the form of circulating notes the more conveniently to pay wages. Nations and business within na tions differ in preferences for the one or the other form of bank credit. In England and the United States the check-deposit form Is preferred, part ly by compulsion. In France and Germany the circulating-note form is preferred. This act of Congress opens to bus iness in the United States an exercise Of the preference for the circulating- note form, which is especially needed by farmers. To say that this means inflation is To say that business men are $oing to double up on their debts to banks by using the two forms of credit,in full instead of yielding the one in whole or part preference for the othdf. But if business men were so reck lessly disposed, this new system pro vides the rfestraint of the self-inter- change of early maturity. »gJh9.me^l<*t<*lxg«cfcor killing dm LOWER BDOB OP r, BARNWELL OOUNTT. Slain Man Bald to Hava lag Fence Despite Warning Fired Upon. ■'•V- ’ ryyg Angus L. Main, n prominent aftik sen and fanner who Uvea near Jen- nys In the lower edge of BamweU county, was shot and monalljr wounded at the home of W. H. Mix- > son by the latter's daughter. Mm. Susie Mizalle, about 7:30^ o'clock Wednesday evening. Mr. tfain died about three hours after beinf shot. The Mlxson home is about six mllea from Fairfax, and Main, who was the last customer at the dispensary at Fairfax Wednesday afternoon, waa on his way home In a buggy, having with him a negro named Calvin Johnson. When they got to the Mix- son home they drove the buggy into Mr. Mlxson’s lot. Mrs. Mtselle, hear ing them using profane words and not knowing who they were, called, "Who are you?” The answer cam* from Main: “It makes no dltferenoa who I am; I’m coming in.” She warned him not to come any farther, telling him she would shoot him if he did, and in the meantlma calling to her little brotherTto bring the gun. Main djd not heed tha warning but started to climb over tha fence between the horse lot and tha residence yard. As he. w&s-almog^ over the fence about 25 feet from her she fired the gun which was loaded with bird shot. The load took effect In the left side of the face, at the base of the neck. Main fell back across the fence, his feet being on the inside of the yard, and remained In that pjosition until nearby neigh bors who heard the alarm came and removed him. Mrs. Mlzelle and her husband, Robert Mlzelle, and their child had come from EstlU, where they live, to spend the holidays, with Mra. Mizelle’s parents, Mr. and Mrs. W. H. Mlxson. Mrs. Mlxson was sick hu bed. Mr. Mlxson and Mr. Mlzelle had gone to pay a visit at the home of friends about two miles away when Main and the negro arrived AtUmI Mlxson home. ocv-.o. Magistrate L. H. Williams held servicp guards, tore away the shin- inquest and the Jury rendered a gles and helped fight the flames. Mrs. diet that the deceased came to hla Nbville did not know how to treat her death by the effect of a gunshot wound inflicted by Mrs. Susie MiteUe^ Main, who waa the son of Mr. and Mrs. Walter Main, wa« about II years old. He leaves'a w^fe and six children. He was an inoffensive “No, thinks,” replied the presi- "when sober, and his act is undoubt- dent, “but you might let me get a ®dly attributable to his being unbal- bucket of water.” Mrs. Neville has- anced at the time. If he had told tened to comply, but before It could Mrs - Mlzelle who he was she would be of service the firefighters on the not have hurt him, for she knew him unexpected but distinguished guest, who urged her to keep calm, as there was no danger. “Will you com^ into the parlor?’’ she asked. roof had descended with the report — * LAX VilX? AOyAJlL v » w **«••*• that little damage had been done and he n °t know where he was when that the blaze was out* “Well done,” said the president and the entire party left the house for the automobiles. The chief of the local fire department was Just ar riving with his hook and ladder and other apparatus. “The fire’s over,” announced the president, and added, with a proud 8m,le ’^ y men haTe ^ U8t put 11 out ” JucH$r Neville and his son came running up at that moment and a big crowd collected. The Judge was pro fuse In his thanks and spoke' appre ciatively of the president’s thought ful concern for Mrs. Neville. The president took no motor ride in the afternoon, resting after his ex ertions at golf. He enjoyed the change in the temperature and was enthusiastic about the links which lie along the shore of the gulf. The president dihated a few letters and read scores of telegrams that poured In, congratulating him on the enact ment of the currency bill. He took a nap during the afternoon and again spent the evening with his family. .m i Auto Goes Wrong. One person was killed and two were injured Sunday night wheft an automobile traveling along a drive way in upper Central park, New York, dashed over a low stone cop ing of a bridge and dropped 25 feet to a foot path bordering the drive. and for the day of need. It provides what we have not had in fifty years— a currency which can expand with the needs of business reflected in prime commercial paper and whose contrac tion is provided for as that paper ma-, tures. It releases the country from tha* menace of such panics as that of 1907. It releases business from the strait-jacket of a currency whose vol ume Is as flyed as a fixed government bonded or greenback debt of the na tion and which never contracts when expanded by an expansion of that bonded debt. It provides, through the restraint of the Federal reserve bank on the member bank, the re straint of the Federal Reserve Board on the Federal reserve bank, the re straint of a large gold reserve and a high rediscount ra , These are the tw® great services rendered by the new system. It CWd* perish in flames that destroyed the!: the reserve banks and the Reserve home eight years age."' Board, an equalizing power over dis count rates throughout the country and a control over the movements of extend, 4c Amerisa* business banking facilities abroad. It is a meeting of the country’ ** ao c* aaavcft v> tuw ixjuuLry » — f financial and commercial heeds long flre ^kich *wept through an sought but never before realized. ' Is of that ''constitution of peace’* after long conflict which President Wilson refers to in signing the Mil, Walter into which "business men of all aorta man bowing their , well. It is probable, however, that he stopped at the Mlxson home. VOLCANO ERUPTS. Deals Death to Five Hundred Near New Boetb Wake. J * Steamers arriving at Sydney. Naw South Wales, bring terrible details of the recent volcanic eruption on the island of Ambrlm, in the New Heb rides group, in which 500 natlvee lost their lives. Witnesses of the disturb ance describe it as having been eo sudden and violent that they expected to see the whole western side of the Island disappear. With a terrific roar, which follow ed with a rapid succession, of artil lery-like detonations, all the craters of the volcano entered Into fall ac tivity, spouting flames and lava and throwing out huge boulders. Great streams of lava soon were nuking down the slopes, cutting off the vil lagers from escape. In one instance, two torrents of the molten mass Join- ed and made an island of an antlrw section of a village. Here 50 or 10 persons perished.. The scenes at night were awe-in spiring. Flames shot into the air to a height of a thousand feet,. lllnml- nating the whole scene of destruction. The ocean seemed to boll as hnge superheated masses of stone fell into the sea and streams of lava poured Into the bay. Dust from the craters gradually formed a black Moad which blotted out the light of the ’ stars. The bay, after the eruption, was filled with dead fish and large numbers of dead turtles. The water in the river was hot. 9 Mania for Setting Fires. Herbert Whittaker, a nineteen- year-old boy of Quincy, Maas., was held on his confession that he had set flre to seven buildings within two days. The youth’s foster parents say he has had a mania for setting fires since he saw his father and mother Three Die ia aEmhiv , u „ _ „, ren were burned to death and other persons slightly injured ia i t throng] lift l—r - It Tork tenement boose Wednesday.