Historical Newspapers of South Carolina

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MATULATE'S M’ADOO ob ImproremeBU OerUla to moUovr liuuiKaraUoB of Our Re- foraaed Banking Sjratetn—Point* to Why Country 1* Bound to Grow Greater. ' -aV ' r . ' "A future clear and bright with promise of the beat things,'’ was the way President Wilson summed up his view of the business prospect Tues day night la a letter to Secretary Mc- Adoo, of the treasury department, congratulating him upon the opening of the federal reserve bank system. The president’s letter, which was In reply to one from Secretary Mc- Adoo announcing the opening of the reserve banks, said: ' "Mr. Dear Mr. Secretary: Ijrarm ly appreciate your letter of yester day for I share your feeling entirely about the signiflcjince of the opening of the federal reserve banks for busi ness. "I do not know that any special credit belongs to me for the part I was provided to play in the estab lishment of the new system of which we confidently hope so much; in the labor and knowledge and forethought and practical e-perience and sagacity of many men are embodied who have co-operated with unusual wisdom and admirable public spirit. None of them, I am sure, will be Jealous of the distribution of the praise for the great piece of legislation upon which the new system rests; they will only rejoice unselfishly to see the thing ac compllshed upon which they had set their hearts. * “It has been accomplished, and its accomplishment is of the deepest sig nificance, both because of the things It has done away with and because of the things it has supplied that the country lacked and had long needed. It has done away with agitation and suspicion, because it has done away with certain fundamental wrongs. It has supplied means of accommoda tion in the business world and an in strumentality by which the interests of all, without regard to class, may readily be served. "We have only to Iqok back ten years or so to realise the deep per plexities and dangerous ill humors out of which we have now at last is sued, as if from a bewildering fog, a noxious miasma. Ten or twelve years ago the country was torn and excited by an agitation which shook the very ^foundations of her political life, brought her business ideals Into ques tion, condemned her social standards, denied the honesty of her men of af fairs, the Integrity of her economic processes, the morality and good faith of many of the things which her law sustained. Those who had pow er, whether in business or in politics, were almost universally looked upon with suspicion, and little attempt was made to distinguish the Just from the unjust. They in theiMurn seemed to distrust the people and to wish to limit their control. There was an Ominous antagonism between classes. Capital and labor were in sharp con flict without prospect of accommoJa- tlon between them. Interests harsh ly clashed which shoiftd have co-oper ated. cause of .Its opportuneness. It is brought to ita taal aeaompllshment Just as It U mose Imperatively need ed. ' The war, which has Involved the whole of the heart of Bnrope has made it necessary that the (United States should mobilize Its resources In the most effective way possible and make her credit and her useful- ness good for the servtoe of the whole world. "For the future la clear and bright with promise of- the bast things. While there was agitation and 'suspi cion and distrust and bitter com plaint of wrong, groups and classes were at war with one another, did not see that their Interests were com mon and suffered only whdn sepa rated and brought into conflict. Fun damental wrongs once righted, as they may now easily and qujgkly be, all difficulties will clear away. ' We are all la the same boat, though ap parently we bad forgotten It. We now know the port for which we are bound. We have nfore and more as our new understandings ripen, a com mon discipline of patriotic purpose. We shall advance, and advance to gether, with a new spirit,' a new en thusiasm, a new cordiality of spirit ed co-operation. It is an inspiring prospect. Our task is henceforth to work, not for any single Interest, but for all the Interests of the country as a united whole. f "The future will be different from the past, which we shall presently look ba£k upon, I venture to nay, as if upon a bad dream. The future will be different in action and differ ent in spirit, a time of healing be cause men made equal before the law in fact as well as in name. POHTAL SAVINGS INCREASED. Decided Increase Noted Since War Began in Europe. The war in Europe is proving a big boon to postal savings in this coun try. From the very day hostilities opened across the saaa postal savings receipts began increasing by leans and bounds and withdrawals fell off, a re sult quite contrary to the predictions of many well informed persons who, in their imagination, qaw lines of feverish depositors at post office pay windows anxious to again return their savings to the boot-leg and body-belt depositories whence they came before intrusted to Uncle Sam. But the forecasters failed to reckon on the absolute confidence 6t the THE FARMER’S COLUMN AGRICULTURAL ARTICLES OF SPECIAL INTEREST. « Oowpeaa Should Follow Grata—An Eonomical Poultry Good—Good Time to Saw Oats and Wheat. Cowpeas to Follow Grain. State Demonstration Agent W. W. Long of Clemson college, who is now engaged in making a tour of the State as a final-course in the grain cam paign the extension division of Clem- v. uo 8011 coUe * e « hafl conducted this au- American citizen, regardless of the 18 Jor ^® r ^ ,n 1 a flag that first met his eyes, in the ability and^gtyifpose of the govern ment lo ca^rrjr ,but l its obligations, not only among the nations of the earth, but with the humblest citizen of our land. Two Important results have follow ed. Thousands of people, largely of foreign b^h, accustomed te send farmers to realize the value of their cowpeas at this time and to save all the cowpeas they can get their hands on. The reason for this is that, In order to get the greatest benefits from sowing their lands to grain this win ter, farmers should sow the grain stubble to cowpeas next year. Land sown to oats or wheat this autumn their savings abroad, are now patrons and ^ c ° w P €a8 “ ext be ,n a of our postal savings system: and ? reatly lm P roved condition a year from now. am speaking of this because the new banking system seems to me to sym boilze all of it The opening of the federal reserve banks seem to me to be the principal agency we have created for the emancipation we seek. The 16th of November. 1914, will be notaffle as marking the time when we were best, able to realize Just what had happened. "In the anxious times through which we have been passing you have, my dear Mr. Secretary, been able to do many noteworthy things to strengthen a-.d facilitate the busi ness operations of the country. Henceforth you have a new Instru ment at hand which will render many parts of your task easy. I heartily congratulate you on the part you yourself have played in its concep tion and creation, and upon the suc cessful completion of the difficult work of organization. A new day has dawned for the beloved country whose lasting prosperity and happi ness we so earnestly desire. Sincere ly yours, "Woodrow Wilson.” MAY PROTEST. United State* Try ing to Discover Offi cially Who Mined North Sea. "This was not merely the work of Irresponsible agitators. There were real wrongs which cried oat to be righted, and fear.less men had called attention to them, demanding that they be dealt with by law. We were living under -a tariff which had been purposely contrived to confer private favors upon those who were co-oper ating to keep the party that origi nated It in power, and in that all too fertile soil all the bad, interlaced growth and jungle of monopoly had sprung up. Credit, the very life of trade, the very air men must breathe If they would meet their opponents, Vas too largely in the control of the same small groups who had planted and Cultivated monopoly. The con trol of all big busine |, and by conse quence of all little business, too, was for the most part potentially, If not actually, in their hands. "And things stood so until the Damogratic party came into power last year. The legislation of the past year and a half has In very large measure done away with these things. With ‘heir correction, sus picion and ill will will pass away. For not only have these things been righted, but new things have been put into action which are sure to prove the instruments of a new life, in which the mists and distempers which have so embarrassed us will be cleared awa’*, the wrongs and mis understandings ''orrected which have brought distrust upon so many hon est men unjustly. That is the main ground of my own satisfaction. "The tariff has been recast with a view to supporting the government rather than supporting the favored beneficiaries of the government. A iystem of banking and currency is sues has been created,. which puts credit within the reach of every ^an who can show - going business; and the* supervision ah4_ control of the system is in the hands of a respon sible agency of the government Itself. "A trade tribunal has been creat ed in which those who attempt un- just and oppressive'practices in busi ness can be brought to bbok. Labor has been made something else In the view of the law {han a mere mercan- The United States government is trying to ascertain officially who plac ed mines In the North Sea. This is one result of representations by Den mark, Holland, Sweden and Norway that their maritime commerce with the United States bad been paralyzed by mines. j The United States was asked to join with these governments in an ef fort to have the warring powers abate this danger to navigation. Whether It will do so or not is still under con sideration but meanwhile the Inquiry is being made. ■—■—.. » » » — WATCHING AMERICA. South American Countries Walt to See Treatment of Protest. A dispatch from Buenos Aires says South Ameriacns are anxiously watch ing for the United States' answer to the British and French protest on the alleged violation of neutrality by Ecuador and Colombia. It is suggested that the British for got that they had several times vio lated Uruguayan neutrality. The press kays that neutral trade must be unmolested or South America will be bankrupt. Trade is now at the mer cy of filibusters attempting a block ade of the seas. ~ ' FIND SECRET WIRELESS. Naval Device Detects Wireless Opera* postal savings system; apd enormous sums of actual cash have been released for commercial uses among our^own people at a time when the need for every available dollar is pressing. ’* \ The growth qf^ postal savings in the United Stales has been steady and healthy and the system has fi.hed an important gap between the .tin can depository and the factory pay master. On July 1. when affairs were running smoothly here and abroad and the transmission of money across the Atlantic was safe and expeditious, there was approximately $43,000,000 of postal savings standing to the credit'-of about. 388,000 depositors. Since then over $10,000,000 of de posits have been added and the num ber of depositors has increased enor- mbusly. This unprecedented gain is the more striking when it is consldr ered that the net gain in the last three months larger than the main for the entire fiscal year 1914. Scores of offices have done more postal sav- ipgs business since the war has been going on than was done by them dur ing the previous existence of the ser vice. The increases are confined to no special localities, but have been felt in every nook and eorner of the country. New York city alone made a gain in September of more t’ | n a million, while Brooklyn showed a rel atively big Increase. Chicago report ed a larger gain in the last three months than for the previous twelve months. More than 7,000 new ac counts were opened during the pe riod, bringing the number of deposi tors in that city up to over 21,000. The unexpected increase in postal savings business has not only added greatly to the general administrative duties of the system, but has brought up many new and interesting prob lems which have called for the care ful personal consideration of Post master General Bureson and Gov ernor Dockery, Third Assistant Post master General. But their task has been lightened somewhat by the promptness of depository banks in furnishing additional security to meet the abnormal deposits. A number of the very largest banks in the country, which have heretofore declined to qualify as depositories for postal sav- r,k» funds, are now among the eager applicants for them. WRITING HIS MESSAGE. President Wilson Is to Discuss Effect of War on Commerce. President Wilson has begun work on his annual message to congress, which he will deliver in person at the opening of the regular session in December. While the message has not taken definite shape, Mr. Wilson is expected to discuss Philippine independence, conservation, the Mexican question, government ownership of merchant ships and the effect of the European war on the United States. Since the adjournment of congress the president has not discussed with the leaders the program for the next session, but will see them within the next two weeks. WILL GIVE UP JALUIT. lD«r fTffi Viieges ui m ttoelf. The Mil has everywhere been laid bare out of which monopoly la to ■lowly bo eradicated. And undoq)>t- odly the mean*, by which credit has been not free at tho heart of these Is the key piece of tho whole tlons of Some Florida Person. t ' Using a newly devised apparatus for the detection of wireless stations, navy experts are working close on the trail of persons suspected of surrep titiously communicating with bellig erent vessela in the Atlantic ocean. So far evidence has been obtained implicating some persons in Florida, but the Maine woods’ mystery re mains unsolved. Within a fe<v days, however, the detection of all these secret stations is regarded as inevi table. • ; * Teh new instruments were perfect ed by American naval officers. MYTH EMBALMED. Russian Troops Did Not Pass Through Great Britain. „ The "Russian myth," the story which gained widespiead circulation some months ago, that 80,000 Rus sians from Archangel had passed 'through Scotland to France, was pffl- cially buried' in the House of Com mons Wednesday by a definite an nouncement that no Russian troops ever had moved through Great Brit ain for the western war arena. Seven Killed by Sea Mine. Wttlm; washed ashofe on the Dutc>i soil it ;U1( exploded and seven were killed. Charleston • Renerve City. Charleston and Birmingham, Ala:.' have been named reserve ettlee. They are the onlr two nndar a be- of Ibb.Wt. ‘ Japanese to Turn Marshall Island v Over to Australians. ' v" The following official statement comes from Sydney, Australia: "The Japanese government has intimated to the British government that it is ready to hand over the Marshall and other German islands in the Pacific, which are temporarily occupied by the Japanese, to an Australian force. "The British government has In formed the Japanese government of its intention to act accordingly] A special Australian force will be dis patched to the islands and will re main untjl the termination of the war, when the matter of the ultimate disposal of the islands will be a ques tion for consideration by the allied powers.” Swedish Steamer Hits Mine. The • Swedish steamer Andrew struck a mine in the North Sea Mon day and went to . the bottom. The survivors drifted for 12 hour* in small boats. About to Fight. It seems that there will be warfare between Gens. Villa and Carranza, as they ha^e not agreed to leave Mexico as reported. Clemson's wheat propaganda will be continued throughout November, which is the best month to sow wheat in South Carolina. In many parts of the State it may be sown up to Sec- ember 15 with good results. Mr. Long states that all indications are that South Carolina will have more land sown to oats and wheat this year than ever before in the history of the State. Both crops are expect ed to bring record prices next spirgh. Economical Poultry Feed. F. C. Hare, poultry husbandman of Clemson college, is receiving scores of letters each week that indicate a most unusual activity in poultry rais ing in South Carolina at this season and a large number of the inquiries addressed to his office concern'poultry feeds and feeding methods. The fol lowing formula, prepared by Mr. Hare, is considered the most economi cal and valuable egg-making food for this stater - Cottonseed meal^ ..100 pounds Corn meal ... . . . . 50 pounds Ground oats 50 pounds Wheat bran .L .. .. .. 50 pounds Wheat shorts ...... 50 pounds Ground lime rbek (ferti lizer lime) .. 16 pounds Ground charcoal .7 7.'*... 12 pounds Salt 2 pounda Keep this mash in the house before the hens all the time. Put it in a covered box with slats around It, or a hopper, so liens can not soil nor waste the meal. Do not mix it with water and feed only once a day. as in this way hens will overfeed and then stand about and become chilled. Feed the mash dry and let the hens consume it gradually, as nature in tended. The groumj lime rock is agricultural lime, not the burnt lime used for whitewashing. The ground charcoal may be eliminated if It can not be readily procured, but always add the salt. Sow I .and In Oats and Wheat. W. W. Ix>ng. state agent of farm demonstration and director of exten sion of Clemson college, urges jlouth Carolina farmers not to let the au tumn slip away from them without sowing as much of their land as their conditions will permit in oats afi' wheat. The time for sowing oats is passing rapidly and the best time for soying w heat is at hand and Mr. Long urges farmer to get their winter grain in without further delay if they have not already done so. It is now safe to sow wheat in any part- of the States according to Mr. Long, since danger from the Hessian fly is past. Mr. Long advises large areas of wheat for the Piedmont re gion and advises the sowing or enough wheat for home consumption at least, on every farm in other re gions of South Carolina T Full infor mation relative to wheat culture niay be ob;ained by applying to the exten sion division of Clemson college. Blue Stem is a variety that has succeeded in many parts of South Carolina and that is recommended by Prof, W. L. Hutchinson of Clemson college. November Is the best month for seeding wheat, though it may be sown in December under favorable condi tions with good results. Wheat pre fers heavy loams and clay soils and a seed bed which is firm with a thin layer of loose soil at the surface. Wheat Is best seeded with a drill, but may. be sown broadcast and disk ed in. Sow five or six pecks to the acre. At planting time use a mixture of mixture of equal parts of cotton seed meal and acid phosphate at the rate of five hundred pounds or more to the acre and top dress in March, with one hundred to one hundred fifty pounds of nitrate of soda to the acre. That South Carolina ^an produce excellent wheat was clearly demon strated at the recent State Fair, where there were numerous fine ex hibits of South Carolina grown wheat lif the booths of the county demon stration agentk. That South Carolina farmers intend to plant more wheat than e v ®t: before is clearly indicated by many thjyugs, among them^the re port of the county demonstration agent for Clarendon county that his county has already arranged to seed five hundred acres, far more probably than Clarendon county has ever had in wheat. The Clemson college farm has nearly forty acres In wheat this sea son, which is now up to a fine stand with all Indications pointing to tfior-, ough success. The varieties (lanted were Blue Stem and leap’s Prolific. Mr. Long states that lie expects COTTON SEED LAW VOID. State Supreme Court Holds That Law Was Not General Measure. "In full view of this truth. It Is so plain that he who runs away may read, that a general law with refer ence to the sale of cotton seed can be enacted; a special law thereabout in force in three counties is In manifest violation of the fundamental law,’" says the supreme court of this State in a decision Issued Thursday affirm ing Judgment of the Court below in the case of Edward W. Tisdale, B. R, Epps and Heath-Massey-Morrow com pany against Robert R. Scarborough and Hartwell O Croswell. The opin ion was,by Associate Justice Gage. The case grew out of the section of the constitution prohibiting the gen eral assembly from enacting special laws where a general law can be made applicable. This first act in question undertook to prescribe how cotton seed should be sold in Chester, Lancaster - and Orangeburg and the second to exclude Orangeburg and add Lee. The ap peal came from Lee after the circuit court there held the law to be repug nant to the constitution. M’ADOO AIMKCIS SUCCESS IF BOSE CtlTM LUX. MORE MONEY IS OFFEOEO Several Banks Became W illing to En ter Pool After Amount in More u(~ . Than Complete—Local and Certain Textile Manufaetnrerx The first contention was that the general assembly and not the courts must Judge if a general law can be made applicable. The court held that there is good authority/or that view t but that it’Thas decided “that the courts must jtidge that issue.” ■ The Court says: "Cotton, and that includes its seed, is the staple pro duct of the Stat| and the South;, in this year of grace and the frightful collapse of its price, incident to a well nigh universal war, has shocked two continents; the whole policy of the State is bound up in growing, the sale and the manufacture of cotton.” WILL USE CANAL. British Warships' Expected to Co Through Panama Ditch. The movements of th-ec British warships less than fifty mile-* off Colon are being watched with interest by Canal Zone CTficials. It is belie.'- ed the ships are too cruisers Suffolk, Berwick and Lancaster, recently in thx West Indies searching tor Ger man ships. It is thought their mis sion is to pass through the canal. Join Japanese men of war in the Pa cific and endeavor to destroy the Ger man cruisers which recently sank the British cruisers Good Hope an i Mon mouth off the coast of Chllfe. Delayed the Success of tbe Plan. The country-wide effor| to furnish aid to cotton producers and find a bottom Jor the cotton market came to a successful conclusion Tuesday night when Secretary McAdoo ^n-v- nounced the completion of the $135,- 000,000 cotton loan fund. In making his announcement Mr. McAdoo de clared the success of the plan waa assured. The secretary's statement name at the end of a day devoted to efforts to obtain conditions necessary to com plete the $100,000,000 portion ef the fund assigned to banks in non-cotton producing states. Mr. McAdoo, Paul M. Warburg and W. P. G. Harding, members of thp reserve board in ac tive charge of the pool plan, took ac tive steps to gather in the remaining millions. 4 Kuhn, Loeb & Co., of New York agreed to subscribe $2,000,00#. At a luncheon given by John Skelton Wil liams, Bernard M. Baruch of New York said that he might invest in the fund up to $1,500,000. His offer was taken to the extent of $1,000,000 an the fund completed. A few hourA 1 after Mr. Baruch's offer word w received from several banks that they DAILY WEATHER MAP. Weather Conditions Forecasted on Map for Scores of Cities. would subscribe to an amount o£, about $2,500,000, but their *ssi8t-> ance was not needed. As it stands the found is oversubscribed about $300,000. In announcing the - completion of, tbe plan Mr. McAdoo said: ”1 am gratified to be able to an nounce the success of the cotton loan fund. Subscriptions for the entire $100,000,000 of class A certificates were completed this afternoon. This assures the success of tjie plan. To such extent as banks in the Southern States subscribe to Class B certifi cates. the $100,00(i,000 realized from Class A certificates will be avail able for loans on cotton at 6c a pound. Full details of the plan have been published and it is not neces sary to repeat them here. A weather map is being Issued daily by the Columbia weather bu reau, Richard 11. Sullivan, section director. The map shows the weath er conditions in more than a score of cities of the country and the forecast for the following day. Several hun dred copies of the map are being mailed daily. Schools desiring a copy eaclf day should communicate with the weather bureau in Colum bia. Maps of a similar nature are now being Issued from Charleston and Augusta. A DOLLAR A PIECE. Votes in Last Primary Come Rattier High to Uie State. Each vote In the general election, held in South Carolina November 3, will cost thfe State government more than one dollar. There were approx imately 34,509 votes cast in the elec tion for the various offices. The ap propriation for the election, was $30,- 000. An additional appropriation of from $5,000 to $7,000 will have to be made to meet the printing bill in curred by the election. “The full amount of subscriptions to Class A certificates made by banks in non-cotton (dates amounted at 2 p. m. to-day to $97,297,000. The suc cess of the plan was conditioned upon tbe subscription of the full $100,- 000,000 of these certificate*. In or der to make up the deficiency of $2,- 000,000, Messrs. Kuhn. Loeb A Co. of New York subscribed $2,000,000 and.Bernard M. Baruch of New York, formerly of South Carolina, subscrib ed $1,000,000, thus completing the required .amount. ’’The following is a list of the cities and tbe amounts subscribed to the fund: New York city, $50,000,- 000; Baltimore, $2,500,000; Boston, $2,085,000; Chicago. $13,000,0000; Detroit, $1,082,000; Cincinnati, $2,- 000,000; Cleveland. $2,000,000; Kan sas City. $2,000,000,000; l^ouisville. $1,000,000; Minneapolis, $1,000,000; Philadelphia, $4,640,000; Pittsburgh. $2,000,000; Richmond, $1,125,000; St. Louis. $11,500,000; San Fran cisco,*'$31)0.000; Washington, $1,* 000,000; banks’ total, $97,297,000; Kuhn, Loeb & Co . ^.OOO.OOO; Ber nard M. Baruch, New York, $1,000,- 000; grand total, $1 00,297,000. Abolishes Capital Punishment. The bill to t.bolish capital punish- mein carried, in the recent Oregon election by a vote of 100,036 to 99,- 078. Turks Claim Victory. Constantinople reporta that a bi r battle took place near the Caucasia border on the 13th and the Russia losses amounted to an army corps. For Government Owned Wires. Postmaster General Burleson Indi cates that he will renew his proposal for government owned telegrapk and telephone lines. took part 'n the fight off Chile, nly. *1 reached Rio Janerfo, ^filali Ing the effect* of the' battle. Can-mux* ami Villa Leave. Gen*. Carmnsa and Villa have both agreed to leave Mexico la voluntary He expect* to see wheat go to two dollars ^per bushel and oats to ione dollar.' Russia, Austria, France, alt great wheat producers, are at war. as Indeed- are most of the important wheat countries of the worl,d with the exception of the United Suites, Can ada and Argentine, and to these three Candidate’s Simple Confession. Charles. Robinson, defeated candi date for Roxdale, .Mass.,*flles this re port: "I-received nothing, promised nothing, expended nothing, got noth ing.” '• Woman Burned to Death. ( While walking around a wash pot at her home near Blenheim, Mrs. Kendrix Coxe was fatally burned. Her clothes caught fire from the blaze beneath the wash pot; Airman’s Bomb Kills Fifteen. The bomb of a British airman drop ped on Coutrai killed fifteen of the local population. Grain Elevator Burns. A grain elevator containing 800,- 000 bushels of wheat was burned up at Galveston, Texas, Tueflay. - Blea.se Pardons Mayor’s Assailant. T. B. Roach, who last summer shot at L. A, Griffith at a campaign meet ing in Columbia, has been pardoned by Governor Blease. for its bread next spring. There Is no possible argument against, tbe growing of wheat am] oats by. the South Carolina farmer and a rauftl- |ure of arguments in favor of It. Mr. Long urges farmers not to sleep On their opportanlUes at this time, Hut to aow vain immediately. “it Js not possible to announce each of the subscribers to the fuqd in each of the cities, but it may said among the larger subscribers^M^^ New York were J. P. Morgan & Cfl,. the National City bank, the Chase '• National- bank and others whose names may, with tfieir permission, be given,as soon as the complete lists are supplied. The only banks in the city of Boston subscribing to the fund are the National Shawmut bank, the First National bank, the South Atlantic National bank, tbe Webster ^nd Atlas National bank and the Federal Trust company. Great credit should be given to Festus J. Wade and George W. Simmons of St. Louis for their earnest and effective work.- ‘The success of this plan has at no time been In doubt,' but its comple tion has been delayed by the selfish opposition of certain textile manufac turers and local Interests who have tried to defeat it. I am happy to say, for the sake of the country as well as for themselves, that they have been unseuccessful. "The successful completion of this plan throws upon my associates of the federal reserve board and myself added responsibility, and a large amount of onerous work. It is no part of our financial duties. We are already burdened with many difficult problems, but we have regarded the organization of this cotton loan; fund as a patriotic service and felt obliged therefore to respond to the call that has been made upon us. - “We believe the carrying out of this plan will be beneficial, not only In helping the cotton situation and the foreign exchange situation, but also by promoting the general pros perity of the country, which now has such a happy Impulse that it would be difficult to retard it. It is a pleas ure to testify to the patriotism! broadmindedness of the banks! bankers who have so cheerfully af the secretary of the treasury and the toe organization. oL unoT” " r- » British Transport Sunk. # Persistent reports come from Val- * paratso. Chile, that German cruiser* have sunk the Britlih transport Crown, of Galtcia7 with a tonnage of •.821. . J