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APPROVE ST. LOUS PLA? RECOMMEND STATE BANKS TAK PART OF $150,000,000 I.OAN. South Carolina Currency Assooiatio Fully Indorses Plan to Save Cotton. Columbia. Oct. 9.?Out of the hui QT0QS 01 pians L licit iia>c ycca cuj nested for handling the cotton situ? tion there is one that is now takin very definite and exact shape. It i regarded by those who have studie it as the one really practical plan c providing prompt relief to the Soutl in that it undertakes to raise an put in the hands of the Souther people $150,000,000. The plan hs the approval, so it is understood, ( tne secretary ui tut; xicboui;, Adoo, and the federal reserve boa.r< It is workable and practical. Several days ago Mr. E. W. Rober son, president of the National Loa and Exchange bank, was asked to I one of ten Southern bankers to me< with Mr. Festus J. Wade, of St. Loui: to consider what is now called th St. Louis plan. The idea was to hav a conference of the leading banker one from each of the Souther States , and have these bankers can home details of the plan if it met wit this central committee's approva Mr. Robertson was largely instn mental in shaping the plan and a soon as he returned to Columbi called a meeting of tne uommoi Clearing House association, whic heartily approved the plan. He the took the matter up with the execi tive committee of the South Carolin Currency association, which also ai proved it, and today it secured th hearty and unanimous approval < the executive council of the Sout Carolina Bankers' association. Thei were present the following: Those Present. Chas J. Shannon, Jr., presider South Carolina Bankers' associatioi Camden, S. C. Jno. M. Kinard, chairman execi tive council, Newberry, S. C. Bright Williamson, Darlington, i C. Harry D. Calhoun, Barnwell, S. C. W. T. Bailey, Greenwood, S. C. Emslie Nicholson, union, s. u. The following bankers and othei not members of the executive coui cil were in attendance by invitation T. S. Cave, director Home banl Barnwell, S. C. J. P. Matthews, cashier the Pa metto National bank, of Columbii S. C. Edwin W. Robertson, president th National Loan and Exchange bank B. A. Taylor, president the Bank < Columbia, Columbia, S. C. August Kohn, Columbia, S. C. Lewis W. Parker, Greenville, S. ( T. B. Stackhouse, Columbia. S. ( Mr. J. M. Kinard of Newberr; chairman of the executnve counci called the meeting to crd^r and pr< sided. Mr. R. Charlton Wright acted ? secretary. As a result of the deliberatioi the* following resolutions offered t . Mr. J. M. Kinard were unanimous! adopted: "Resolved, That the executiV council of the South Carolina Sta1 Bankers' association hereby appro\ ho <5r tmiis n!an with reeard to tt financing of the cotton crop, as ot lined and explained at this meetini and heartily recommend to the banl of the State of South Carolina ths they subscribe immediately to the proportion of the proposed $150,000 ,000 loan fund. "Resolved further, That Mr. E< win W. Robertson be, and he heret is, authorized and requested on bi half of this council to communicai to Mr. Festus J. Wade information < the action taken at this meeting." Robertson Explains. Mr.Robertson was called upon i explain fully the plan, and he mac it quite clear that the purpose ol' tl undertaking is to handle the surph cotton crop with the $150.000,Of syndicate which is to give notice i the world that it is the intention < America to protect its chief gold pr ducing crop. It was stated that b fore the undertaking was start? that $50,000,000 of the fund h* been pledged in Xew York city, 'ft East and West will raise the otln 550,000.UUU, ana it win tnererore i incumbent upon the South to rail $50,000,000 to protect its own cro In other words, for every dollar tl South puts into the fund the Xon and East will put two. Another ce: tral idea of the plan is that the groi ers or owners of the cotton will c<^: tinue as its posessors and therel be interested in the increase in prii of future crops. The plan of tl syndicate is simply to loan not mo ' than six cents per pound on the co ton and in that way provide fun* and relief. Mr. Wade, who lias fi ured on the plan very thoroughl has sent out the following skelett which gives the chief points of th most important undertaking. v ( Outline of Plan. To be formed by inviting subscri f j | tions from the national and State ' banks and trust companies of the country, merchants and others, j This syndicate to be managed by | some important firm experienced in ! that kind of transaction, assisted by I an advisory committee of prominent n bankers and experienced cotton handlers. It is expected that New York city, as the centre of finance in the country. will subscribe $."0,000,000 to this i- fund, and possibly more. j Not less than one hundred finani cial centres will be asked to contribg j ute to the fund, and to undertake to is provide adequate, safe storage facilid ties for the surplus crop, and to issue >f a uniform warehouse receipt for coti. ton. to be used as collateral to loans, d How this fund will be loaned: n Each financial institution?national, is State banks and trust companies?to >f make loans to importers, manufactur> ers, buyers, merchants and cotton 1. producers not to exceed 6 cents per pound, receiving the notes of the bor t- rowers, drawn to the order of the n loaning bank and collateraled by cot>e ton in warehouses represented by it uniform, negotiable warehouse res, ceipts attached to the notes, together e with insurance in favor of the loane ing bank. s, The note, the warehouse receipt!, n a:ad insurance certificate to be indorsT ed by the borrowing bank. The in n tegruy ana reiiaouixy ui ?aie1. house to be guaranteed by the banks i- at that place, acting through the is Clearing House association, or othera wise, in coneert. a The loaning bank would obtain its h money by forwarding the note and n collateral, bearing its indorsement, i- to the nearest agency (bank) of the a syndicate; the agency (bank) would 3- rediscount the note and reimburse ie itself by drawing upon the syndicate )f managers, advising the syndicate h managers that the loan had been e made in accordance with presfribed rules and conditions, and that it (agency bank) held the note and colit lateral in trust for account of the a, loaning syndicate. The bank first making the loan iti self to look after the insurance and attend to all necessary renewals 5. thereof, and payments of premiums; and that bank having indorsed the note could be relied upon to do so. All notes should be made payable at the agency bank, and that bank, s having originally received New York i- exchange for the proceeds of the : loan, would have to furnish New t, York exchange for remittance^ to the. syndicate manager when the loan 1- should be liquidated, i, Duration of loans: All loans shall be made payable one year after date ie (or earlier at borrowers' optian.) * * with the right on the part of the ' I )f agency of the fund to extend such loans for a term of six months, and for a further term of a second six 2. months, after receiving the approval 2. of the syndicate managers. y, Rate of interest: As this fund is 1, made up to meet an emergency, it is 2- not intended t"hat it shall be put into competition against usual loans made is by financial institutions Vhich usually loan upon cotton; therefore, the is interest rate would have to be taore >y than 6 per cent, per annum. It is [y not believed that a syndicate to furnish this large amount of money could be organized in these timts of ;e of high rates to yield less than 7 per re cent, per annum, net, to the members ie of the syndicate furnishing the it money. In addition there wouM be ? various expenses to be met, sucu as is proper compensation for services of it the syndicate managers and to' the ir agency banks; also for priming. ,- postage, advertising and various other expenses which would be ceri tain to arise, and as it will involve >y an immense amount of detail to e- handle the fund, a charge of 1-1Oth te of 1 per cent, per month would be di made to meet all these expenses; the idea being not to encourage the holding of cotton beyond a period at to which it should b9'sold at a reasonle able price. le Charleston Men Approve. ts The members of the South Caroto lina Bankers' conference, who met to here today, had the following cele;>f gram from Charleston: o- "The Charleston bankers met last e- evening and will bear portion of the ?fi loan as proposed at the St. Louis IU | meeting. ie **w. a. king Mcdowell." ?r During the progress of the meeting Mr. R. Goodwyn Rhett called se over long distance telephone and rep. iterated the promise of cooperation ie on the part of the Charleston bankers :h and inquired as to details, n- .It is to be noted that one of the v- features of the St. Louis plan is that n- the bankers that lend their money )J* on cotton will not make money on :-e the direct trasaction, but their rete ward will be in securing money with re which to relieve home conditions, t- Mr. Robertson, at the request of :1s the South Carolina Bankers* associa-. g- tion. has notified Mr. Wade of the y. approval of the plan first by the Corn j lunibia Clearing House association, is! then by the bankers of Charleston, j then by the South Carolina Currency j association, and .today-by tbe.execuP tive council of the South Carolina State banks. The South Carolina Currency association. which has in charge the approval of the request for emergency currency under the \ reeland-Alcricn act. had a formal meeting. The minutes of this meeting will be realized as representing all of the national banks of this State, and the following extract is taken from its formal minutes: From the .Minutes. "Mr. W. A. Clark presided at the meeting and Mr. Charlton Wright acted as secretary. "Upon calling the meeting to order Mr. Clark stated that it had been assembled for the purpose of hearing Mr. Edwin W. Robertson's report upon the conference which he attended in St. Louis on the ">th of October, at the request of the Hon. Win. G. McAdoo, secretary of the treasury, where a certain plan for the financing the cotton crop was laid before the conferees by Mr. Festus J. Wade, of St. Louis, Mo. "After the meeting had heard Mr. Robertson's report a full discussion of the subject followed, at the close of which Mr. B. F. Taylor offered the following resolutions: " 'Resolved, That this meeting unanimously approve of the St, Louis plan with regard to financing the cotton crop, and authorize Mr. Edwin W. Robertson to state that South Carolina will subscribe its proportion of the fund to be raised.' "This resolution was duly seconded and unanimously adopted, and Mr. Robertson was requested to communicate the action of the meeting to Mr. Wade, who is now in Washington, D. C., for the purpose of confering with Secretary McAdoo. NOTICE. T will file niv final afcnuntin? as administratrix on estate of T. C. Tant, deceased, with G. P. Harmon, judge of probate, on Saturday, November 7th, and will ask for letters dismissory on said estate. All persons having claims against estate will file same before that date or be forever barred. MRS. M. E. TANT. Administratrix. October 6. Dr. THOMAS BLACK, JE. DENTAL SURGEON. Graduate Dental Department University.of Maryland. Member S. C. State Dental Association. Dffice opposite new post office and over office Graham & Black. Office hours^ 8 30 a. m. to 5.30 p. m. BAMBERG. S. C. NOTICE. *1 will file my final accounting as administrator on estate of J. M. Kinaid with G. P. Harmon, Judge'of Probate on Oct. 17th. All persons having claims against said estate will present same before that date, or forever be barred. W. D. KINARD. Administrator. Sept. 16th, 1914. IBest material and workman-B ship, light running. RequiresB little power; simple, easy toB handle. Are made in severalB sizes and are good, substantial money-making machines down to tfce smallest size.. Write for catolog showing Engines, Boilers and al*. Saw Mill supplies. LOMBARD IRON WORKS & x SUPPLY CO. Augusta, Ga. J. P. Carter B. D. Carter CARTER & CARTER Attorneys-at-Law GENERAL PRACTICE BAMBERG, S. C. No. Six-Sixty-Six This is a prescription prepared especially for MALARIA or CHILLS A FEVER. Five or six doses will break any case, and if taken then as a tonic the Fever will not return, it acti on the liver better than Calomel and does not gripe or sickenT 25c TI TT tT'mwnw'DC'nxr L. n. niini/iiiikjuii Attorney-at-Law BAMBERG. S. C. Generul Practice. Jjoans Negotiated. GRAHAM & BLACK Attornevs-at-Law Will practice in the United States and State Courts in any County in the State. BAMBERG. S. C. Whenever You Need a General Tonic lake Grove's The Old Standard Grove's Tasteless chill Tonic is equally valuable as a General Tonic because it contains the well known tonic properties of QUIXINE and IRON. It acts on the Liver, Drives out Malaria, Enriches the Blood and Builds up the Whole System. 50 certs. Important to all Women Readers of this Paper Thousands upon thousands of women have kidney or bladder trouble and never suspect it. Women's complaints often prove to be nothing else but kidney trouble. or the result of kidney or bladder disease. If the kidneys are not in a healthy condition, they may cause the other organs to become diseased. You may suffer a great deal with pain in the hack, hearing-down feelings, headache and loss of ambition. Poor health makes you nervous, irritable and may be despondent; it makes any one so. But hundreds of women claim that Dr. Kilmer's Swamp-Root, by restoring liealth to the kidneys, proved to I iuct tV>Q T?omn/1v noorior? tn m*Pr- H come such conditions. A good kidney medicine, possessing real healing and curative value, should be a blessing to thousands of nervous, over-worked women. Many send for a sample bottle to see what Swamp-Root, the great Kidney, Liver and Bladder Remedy will do for them. Every reader of this paper, who has not already tried it, by enclosing ten cents to Dr. Kilmer & Co., Binghamton, N. Y., may receive sample size bottle by Parcel Post. You can purchase the regular fifty-cent and one-dollar size bottles at all drug stores. LODGE MEETING. Bamberg, Lodge, No. 38, Knignts of Pythias meets first and fourth Monday nights at 7:30 p. m. Visiting brethren cordially invited. A. M. DENBOW, Chancellor Commander, C. R. GILLIAM, Keeper of Records and Seal. 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