The Marlboro democrat. (Bennettsville, S.C.) 1882-1908, November 13, 1903, Image 4
: A Bia: SWINDLE;
How tho Masses of tho People Are
, ' Fleeced by fcocalled
'0APXAH?8 OF INDUSTRY.?'
Tao Method? Employed by Charles j
M. Schwab and J. Pierpont ?
Morgan With Respect to
tho Shipbuilding Trust.
There was something of a sensation
In Wallstreet when Daniel Ii. Dresser,
president of the-Trust Company of
tho Republic, revealed under oath the
methods employed by Charles M
Schwab and J. Pierpont Morgan with
respect to the shipbuilding trust. The
newspapers of the country have paid
great attention to Dresser's testimony
and some people pretend to be surpris
ed because of tho revelations. Mr.
Dresser -tes ti Oed at a hearing before a
special United States examiner,
Henry D. Oliphant, that the first
mortgage bondholders bad obtained
the appointment of a temporary re
ceiver for the shipbuilding company
and Dresser's testimony was introduc
ed for the purpose of showing that
the company was fraudulently impos
ed upon and rendered insolvent
through the machinations of certain
men.
Dresser's revelations are recited in
an interesting Btory written by
Samuel G. Blythe, the special corres
pondent for the New York World.
Hr. Blythe says that Dresser's testi
mony threw considerable light on
"the great game of O. P. M.-other
people's money." He points out that
"the era of prosperity that began in
the fall of 1806 and rose to high tide
three years later was fostered by a
gigantic bull market in the securities
listed on the stock exchange and sold
elsewhere. The country went money
mad. Millions we poured into Wall
street and millions were made. Nearly
every Btock went up. It was as easv
to make money as it was to breathe.
All that was necessary was to buy and
take a profit. Waiters, cabmen, office
boys", laborers, cldrks, merchants
everybody dipped into the golden
stream Oowing from the church to the
river on Wall street and brought out
handfuls of profit. It was also the
era of combination. Industries were
consolidated. Trusts were made of all
sorta of factories and all sorts of com
modities. Clerks in the state offices
in New Jersey, where most of the
combinations were incorporated, grew
weary of inscribing giant rows of
figures on the records. The prevailing
idea was to capitalize everything at
any exorbitant number of millions
that fancy might dictate and sell the
stock to the people."
During these dayB of Frantlo ex
ploitation, the shipbuilding trust was
planned. Mr. Blythe says that the
idea was to combine the leading ship
yards of thc country and control ship
building business. Daniel L. Dresser,
the president of the Trust Company
of the Republic, was one of the mov
ing spirits. According to Mr. Blythe,
"the true exemplification of thc high
finance began when Charles M.
Schwab bought the Bethlehem Steel
company, of Bethlehem, Pa., a con
cern that made much of the govern
ment's armor plate. This steel com
pany was under option a year and a
half ago tc Kuhn, Loeb & Co. and the
Morton Trust company, of New York.
The plan was to sell it to the Vickers'
Sons & Maxim company, of England.
There was an option which carried an
agreement to sell the stock to the
Americans for $22.50 a share, they to
unload at a profit on the englishmen,
of course, lt was thought on both
sides that the deal would go through.
Still, the owners of thi?^ Bethlehem
company are business men, and they
cast about for a better price. A let
ter, entirely non-committal, but in
forming him that the company might
sell, was sent to Mr. Schwab, presi
dent of the steel trust and competitor
to the Bethlehem company. Huh wah
saw a chance to turn an honest
penny. ' He promptly bid $24 a share
for the Bethlehem company's stock,
and his offer was accepted. There
were 290,010 shares of Bethlehem
stock. Mr. Schwab's increase of $1.50
a share made a tidy sum, and the
directors of the nethlehem company
were well pleased. The Kuhn-Loeb
Morton Trust company syndicate
protested vigorously, but were told it
was 'business,' and finally decided to
let the matter drop. Things were not
going well with the shipbuilding trust.
Mr. Schwab, having turned promoter,
had decided to sell his Bethlehem com
pany to the shipbuilding promoters,
but soon discovered that the time was
not propitious. This left him in the
position of owing a great steel com
pany that was a competitor to the
' steel v combination of which he was
president, lt also left him with a
large sum o? money to pay for the
stock be had acquired."
At this stage of thc proceedings,
Schwab called upon Morgan. Mr.
Blythe says that Schwab explained
that he was owner of the Bethlehem
company and president of the steel
trust. Why not let the steel trust
take over the Bethlehem company, he
asked Mr. Morgan, who was manager
of the syndicate of underwriters that
guaranteed the billion dollar steel
trust bonds. The Bethlehem pro
perty was added to the list of the
billion dollar steel company. No pub
lic mention was made of the fact.
The public did not know that the
steel trust owned the Bethlehem com
pany, but, as Mr. Blythe says, "pre
sently efforts to organize and finance
the shipbuilding trust were renewed.
Forays were made to England and
France to secure capital. Prospects
brightened. Then Mr. Schwab step
ped out again as promoter. He took
the Bethlehem Steel company out to
sell, just as a book agent takes a book
out to sell, and he did as the book
agent does and went to the people he
thought wanted to buy."
After considerable negotiation, the
Bethlehem company was sold. Messrs.
Nixon and Dresser stipulated that
they were to have 200,010 shares of
the Bethlehem company foi approxi
mately $7,200,000 in cash. Mr. Dres
ser said that he objected, urging that
he did not have the cash and that
Mr. Schwab reassured him and said
that he would provide the money.
Mr. Blythe explains: "The transac
tion was closed at the office of Mr.
Morgan August ll, 1902. A young
man named Wren came in and handed
Mr. Dresser and Mr. Nixon a check
for $7,240,871. Wren is Schwab's
secretary. The check was made to
. to the Joint order of Dresser and Nix
on. They indorsed it and handed
the check to Morgan & Co. Then they
handed thc stock to the lawyer of the
shipbuilding company, and the lawyer
gave Dresser and Nixon orders on the
shipbuilding company for thc 820,
000,000 worth of stock which was to
go to Schwab and Morgan-$15,000,
OOO to Schwab and $6;oo?;OO? to'M?r
??p;VTiiat closed tbor deal, BO far as
Dresser and Nixon : were concerned,
Tt did not .close tho high finance'.
Morgan and Schwab had to get their
profita."
Dresser, testified that when the
negotiations wore on, Mr. Schwab told
him lt would he necessary to market
the' ?20,000,000 block of stock'-'owned
by Sohwab abd Morgan before any of
the $10,000,000 remaloing.stock waa
to be sold, This was^ to reimburse
Schwab and Morgan for their labors,
lt was agreed that the stock should
be put oh the market at $65 a share
for tho preferred and $25 a share for
the common. If, as Morgan and
Schwab expeoted, their Btock had been
sold at these figures, Morgan would
have received $2,250,000 for his 35,
000,000 worth and Schwab would have
received $6 750,000 for his $15,000,000
worth. This was to be the cash bonus
for selling the Bethlehem company to
the shipbuilding company. Then, if
the public appetite was unsatisfied the
holders of the $10,000,000 remaining
out of the $30,000,000. worth of stock
might Bell theirs.
To clinch this arrangement, an
agreement. was signed between the
stock brokers, Harris & Gates, Charles
M. Schwab and Dresser and Nixon
wbioh stipulated expressly that, the
$5,000,000 worth ot stock owned by
Morgan and the $16.000.000 worth
owned by Schwab was to be sold first,
at the price agreed upon-$05 a share
for the preferred and $25 a share for
common. Not a share of the other
stock was to be marketed until
Morgan and. Schwab had cleaned
out their holdings to the public.
This was rather rough on the
other insiders, but Dresser and Nixon
signed. The agreement wa? ready
before they got there.. It is dated
August ll, 1902, which is the day
when the deal was closed and the
stock transferred to Morgan and
Schwab. Those gentlemen had their
plans laid and they were ready to do
business at once. They took no
chances, but demanded that the $10,
000,000 worth of stock remaining
should be held in trust uutil the Mor
gan and Schwab stock was sold. The
scheme was beautiful in its simplicity.
Morgun and Schwab wanted their
money, wanted it first, and they left
uo loopholes, It was an arrangement
within an agreement. There were
two kinds of Insiders, real and theore
tical. Morgan and Schwab were the
real ones. The theoretical ones were
obliged to wait until the public had
been milked of the millions demanded
by Morgan and Schwab. Then the
public was to be milked again with
the remaining $10,000,000 of stock.
Anything left after that the public
could have.
In the witness chair, Mr. Dresser
did not explain why Morgan Sc Go.,
demanded the enormous bonus of $5,
000,000 worth ot stock. Dresser said
the check which he paid thc Morgan
company was given bim by Mr.
Schwab. Mr. Blythe says that the
men who are familiar with Wall street
affairs say that Mr. Schwab got the
check from Morgan and that, if it h
true, explains much. It also shows
that Mr. Morgan, if the conclusion
ls correct, demanded $2,500.000 foi
the short-time loan of $7,240,871; that
he gave the check and took it back at
once, for Dresser and Nixon indorsee
it to him immediately after they had
received it, and that Mr. Morgan'.1
firm simply bought its own property
with its own money-put the check
from one pocket to the other-and ex
pected to get $2,250,000 for the ac
commodation. Mr. Schwab has nevei
told where he got the $7,240,871.
Mr. Blythe eoncludes-Ws interest
lng comment UDO" ^ne Dresser testi.
mony in this way- "This is the storj
of high finance a-id the shipbuilding
trust, Two ye?rs or three years agc
it would hit?o ended happily just here,
tor the public would have bought thc
stock and Schwab and Morgan would
have made their money, lt does nol
end happily for Morgan and Schwab,
The public refused to pay. Thej
would not touch the shipbuilding
J rust stock. Harris Sc Gates coule
not sell lt. It was of no value. Thc
specifications provided that the in
vesting public should clamor fur tin
stock. They had clamored for stoct
. just as worthless in days gone by
Greatly to the astonishment, of ai:
concerned, there was no clamor.
Various expedients were tried to stan
a boom. The boom wouldn't start
Finally, Mr. Schwab gave J. P. Mor
gan & Co., $75,000 for their $5,000,
000 worth of stock, for which the pub
Ile was expected and asked to . pa j
thirty times as much. Mr. Schwal
may have that stock now, togethei
with his own $15,000,000 worth. Th?
shipbuilding trust is in a legal tangle
Nothing but high finance hassuffered
except the shipbuilding trust stock
which cannot be given away. Higl
finasce has suffered and suffered great
ly. The public comprehension ha:
been illuminated by Dresser's storj
of how a pool was formed within ;
pool, how it is possible to be buyer anc
seller at the same time, how there an
agreements back of agreements, how
there are cellars and Sub-cellars pride j
the ground iloor, and how deliberate
campaigns are made to lleece the un
wary. There are many denials and
talk of prosecuting Mr. Dresser
Meantime Dresser's reply has sunl
deep into the public mind and the con
elusion is rapidly forming that then
are but two sides to tile promotion o
high finance. The high financier:
take no chances and the public has n<
chance." ' .
A STRIKING CONTRAST.
Why CIinrlcHton in In lind Order wit?
Bulnnco ol'tho State.
A dispatch from Charleston to th(
Columbia State says in the court ol
general sessions-Weduesday true hills
were found against Dispensary Con
stables J. F. Grady, M. D. Gileon
William Hoy and J. A.|May for assull
and battery upon Rudolph Wieters,
who conducts a place on Calhour
street. The constables raided his plact
and Wieters was roughly handled it
the course of the search and confisca
tion. The constables claim that thej
were assulted and only defended them
selves, lt ls expected that Attorney
Gunter will appear for the constables.
The time for the trial has ru?t been
fixed. The action of thc grand jurj
in indicting the constables ls In con
trast to their actio'r? Tuesday in
throwing out the bills against two
negroes who were up for having In
Jurid Constable Lykes, when the lat
ter attempted to hold up their horse,
drawing a wagon with contraband
liquor. The constable was knocked
down by the wagon and laid up for
some time. Such acts as this puts
Charleston out of harmony with the
balance of thc State, and all the Com
mercial Club parades she can get up
will do her no good in the face of ac
tion by her grand juries.
STORY-OF MY RED BIRD.
It - Should bo Mt to ail .to Every Childi
^<- .iii/Homo mid School, r
Tho following, which waa written
by-Mrs. Virginia 1). Young, tho ac
complished editor ol tho . Fairfax En
terprise, should be,read by eVery. child
in.tbe county. Read lt to your chil
dren, morhers. Read . It' to your
pupils, teachers. Tbo reading of lt
will do you all good:
STORY OF HY ICED BIRD.
When I say "my" Ked Bird, chil
dren, 1 do not speak pf a? bird in a
Cage. No indeed 1 1 wouldn't cage a
wild bird for anything. I call-him
"my bird'-' because I love him so.
Nothing ls ours that we do not love.
Love changes .outside, things . into
partnership with one's own self.
Well my partnership with this red
bird, whose real name ls the Cardinal
Gross-beak, dates from last February,
lt was then he flashed into my big
cedar trees with his feather coat of
the loveliest red. He inspired me to
write some verses about bim, in which
I compared his color to the red tulips
that were then blooming in my flower
garden. The red bird ever since then
has lived on the two acres of my lot.
Ile -first had hlB seat in the cedar
treeB, whose berries and small Insects
he round to his taste, then he lnhab
ited tho thickest of the mock oranges,
and at that time he was doing his
courting, and BO sought shady se
cluded nooks where the leaves were
so thick it was bard for me to peep
at him. You see I love my red bird
so much that when 1 hear his pecu
liar note 1 drop my sewing, writing
or work of -whatever sort and run tu
look at him and say a good word to
bim. Along in the summer he bad
the most beautiful song. There was
a preliminary which I called thc
Clash of Cymbals, and after that
loud sweet whirring note came the
song, which compared well with the
mocking bird's in beauty.
When the LeConte pears were ripe
he called at the tree every day, but
he varied his bill of fare with my flue
tomatoes, where I'd see bim every
day and Sunday too, lighted down on
the bushes with his mate, and eating
heartily. 1 gave him and {her free
leave to eat what they wanted for the
guod rent they paid in the pleasure it
gave me to luok at them.
In August, when the sunflower
seeds were ripe, hanging down great
heads, he showed himself an acrobat
in getting them, balancing on one
fout and sometimes turuing head
over hecla to reach them. Meantime
he and his mate had made such
changes in their toilets that I bad to
follow them round awhile to be cer
tain of their identity. His splendid
crimson coat had become dull and
threadbare; as for tail he had but one
ragged feather left. His great or
gross-beak was the same however,
and his splendid crest in the shape or
a Cardinal's mitre, which gives him
his name, was the same. AB for his
mate, she was a dull reddish brown
and shaggy too. I don't think she
sings, but like her mate she springs
her rattle as the flies.
This is the last of September and I
believe the molting or new feather
ing season is over with these beauty
birds. I see their crimson coats lo
the grape vine where they help them
selves to the scuppernongs. I wish
the vines might bear all winter for
the sake of the birds.
I I lope you will all remember, dear
children, that the laws of South
Carolina now protect our birds. " So
that any person catching birds In a
trap or killing them In any way, Is
liable to pay a Une. I have in two
instances this year induced colored
people who had caught?mocklng birds
to .set thom free. Let us love and
care for the birds which help to till
our world with song and beauty.
SAILORS RESCUED
At Sea After Boinjr Without Watet
for Three Days.
After being lashed to the stump of
a mast for 48 hours, and without
fresh water for three days, Capt.
Garlelsen and nine of the crew of the
waterlogged schooner John W. Lin
nell, have reached New York abuard
the Italian ship Gabrielle d'Ali.
Notwithstandlog their privation?
the shipwrecked marines are not
suffering from any serious ill-effects.
The Linnell left Fernandina on Oct.
17 and on the 24th plunged into a ter
rille gale. Owing to the heavy sea
running Capt. Gabrielsen reefed his
light sails. Thc next day the wind
t . blew a hurricane and it was found the
' I schooner was leaking.
The wrecking pumps were started,
but proved of no avail, and in a short
time there was six feet of water in
the hold. The big seas' had smashed
the small boats and ruined the tanks
holding the freshwater. The sailors'
plight was made more desperate by
the fear that thc vessel would turn
turtle. To prevent this the masts
were cut away and the crew lashed
I themselves to one of the stumps. The
vessel was awash with the exception
I of the top of the after deck house and
. the sailors suffered terribly from lack
. of food and water. The waves broke
f over them continually.
s On the 20th the schooner was deep
j er in the water, and the gale continu
ed with undiminished velocity. On
tile afternoon of the 27th, Capt.
Oabrielsen attracted the attention ol
the lookout on the Gabrielle d'Ali,
and after a hazardous trip thc Lin
nell's men were transferred from the
sinking vessel to the d'Ali.
The Linnell was abandoned in lati
; tude 30.10, longitude 73.21, by dead
I* reckoning, and later was reported by
i the schooner Advent, which arrived
. at Vineyard Haven, Nov. 2.
Xc?fo Hoy'H I<\?ul Crime.
Walter Mci lam, a lG-year-old
negro boy, is lodged In the Spartan
i burg county Jail on the very serlos
; charge of having assaulted a negro
i girl about 4 years of age, at Cowpens,
. a few days ago. Immediately after
i perpetrating his deed, McIIam dlsap
? peared from Cowpens, where feeling
' was intense against him after the ac
tion became public, ne came to Spar
tanbuig and wasarrested there Thura
. day. The colored child on whom the
assault was directed, ls Bald to bo in
i a critical condition.
A Fair Notion.
The New York Sun's leading com
ment on the election ls characteristic.
It is simply this: "Mr. George Iirln
ton McClellan has been cleoted mayor
of New York. We pledge to Mr. Mc
Clellan our earnest and hearty support
of every act of his administration of
which we shall approve; and in respect
to such acts as wo may elect to con
demn-may tho Lord have mercy on
Mr. McClellan's soull"
- -us a d?$ye.?
But the dreamer d reamed till the guest
.was gone
: And the guest was Love.
A knock at, the door-again
' The dreamer dreamed away'K ;
Unheeding-deaf to the gentle call i
Of the ono who came that day.
A knock at the'doorr-no more -3
Tile guest to that door cauie.- " ;'i V:
Yet the dreamer dreamed of thc one .
who.called
For the guest was Fame, y
A knock at the door-hut \',;v\
He gave no reply;
And tho waiting guest i^.vf ':. olxc ?
hall
Ere he slowly wanit?rof y.
A knock at the door-;i?i ^v'- .-ns
The dreamer fain wi'-vl ' .>? ..- >r.
Tili the guest stole 'UU. "-'
sigh
And the guest was > \o.>r.
WAE ON TH??f?W?/??/'
Panama Bomhartlc' . . '?'nj.?r.?-? o'
ali unios ?.r Cy*'?. ;
The revolution w ?}* *. t\??*'y??* jih,
week and which /rs- '?e?* ':* < "
clamatiou of the hvji . ? < ? >?
isthmus of Panan.r? ?. .> . .; .
ed. Since Sunday c. ? .,., ' . 's
of rumors had hern ' v. ..>,-. . ...
it was not until 'Vus.'.?? .'?
the hours so lou? ' .. .* ,
hy the inhabitants r . .V
For two days pro vt"...... . ... :.
pie had been nnt*i ? - ., \ -. ?:
town discussing tho r. -, ..
caused alarm up-i. v i i
authorities, for the . s"? ? .
Manuel Amadi-r, J-u * .JJ.
Frederico Boyd au;! i r . 07
the popular movcn.C". v.. .
by the police, hut ti-. . i
fearlessly went in u v- ? . *
residences, issued l;. o' . < . ?? .
their plans were carricc' .
The revolutionists i^K." ' '
p. va. as the hour o<> t . ?
independence of the ?s? :..:s ? .
change occurred in Wwi * a a .
word was sent to Santa a.. v or;
over 2,000 men had co??i,*-" ^rh V
the revolutionists to dispose
p. m., but they were airead ? .f -'.<?,.
towards the Plaza Cl? i ii-, i, .
enthusiastically for the l?""-.vr. .'..> .
of the isthmus. Theron-..i. :~i
was given to Gen. Hueru*.-. 1- ..'?'.
revolutionary forces who, h. o..i .
of the republic of Panania, H.*..;M
Geu. Tovar and his stair air' cs- ?-. ?.'
them to police headquarter.? a i.;..
wild cheering for the new iv- *?i?v
for Dr. Amador and for tne ..Ci.*
leaders of the revolution. Thu ."Ulfe" ?j?"
the republic of Panama wa!? t?uv
formally hoisted.
The cause ot the revolution ina j MO
briefly summed up aa being the result
of the action of the congress of Co
lumbia at Bogota in rejecting thc
Hay-Herran canal treaty. Thc
Panamians are'almost to a mau lu
favor of the construction of the canal
by the United States and lt had
repeatedly been prophesied before and
after the meeting of congress that
Panama would secede if the treaty
was rejected and would probably come
to terms with the United States for
the building of the great isthmian
gateway. Panama was bombarded
without) notice.
A GEEAT EXPLOSION.
Tho United Stains Arsenal at Iona
Island Blown to Peleen.
Six men were killed and ten slight
ly injured "Wednesday afternoon by
an explosion at the United States
naval arsenal, one of the largest maga
zines in the United States, which is
located on Iona Island, N. Y. Thc
explosion occurred while men were
drawing the explosive charges from a
. consignment of old shells recently sent
here from the battleship Massachu
setts. Three massive shell houses
, were completely destroyed and a rain
of fragments or projectiles of all sizes
was scattered in every direction. .
Thc force of the explosion, or se
ries of explosions, broke windows at
Peekskill, three miles below on the
. opposite side of the Hudson; the deto
nation was heard fo/ many miles. Ad
jacent buildings, including two store
; houses for fixed ammunition, were rld
j died with the fragments and the quar
ters of the ll marines composing the
garrison were completely demolished.
The island, which has been used as
an arsenal for a year, is in the Hud
1 son river, 40 miles from New York,
and shells and ammunition of all kinds
; were stored there. The detonation of
! part of the charge of a shell being un
loaded in shell house No. 1 exploding
all the other shells in the house and
' the fragments ot shells driven into the
1 adjoining houses exploded their cou
; tents.
\ There were two main explosions,
with an interval of several minutes
and a succession of minor ones as in
; dividual shells went oil. Fire followed
' and for several hours the marines
fought the Hames in imminent danger
1 from constantly exploding " shells.
Physicians and nurses from West
Point, Peekskill and Haverstraw hur
ried to the island and attended to the
1 Injured, one of whom was seriously
hurt.
A large amount of fixed ammuni
tion stored in two buildings from
1 which the roofs were blown did not
i explode and the two main powder
magazines were at the other end of
the island out of danger. The force
of the main explosion is shown by the
fact that a fragment of stone lintel,
three feet long, was found about 300
I yards from the doorway to which it
J belonged. Smaller pieces were hurled
j clear across the Hudson. Olocks for
several miles were stopped by the
shock.
Besides Gunner Otto Fries and the
guard of marines ten or twelve maga
zine tenders and attendants liTed on
the island with their families. The
. hundred or more workmen resided In
i adjacent towns. Gunner Fries was
standing near the shell house when
lirst explosion occurred but his in
juries, like those of tho others, con
sisted only of cuts and bruises. One
workman had a miraculous escape.
Ile was inside the shell house when
the ti rsl explosion occurred and though
dazed and almost senseless managed
to get out of the building.
Tho Hank Itohuor Dead.
The unknown man shot In-York
county Monday while resisting arrest
on the charge of safo cracking at
Forest City, N. G.,'died Wednesday
night. Before his death he stated his
name was F. H. fialverfc and gave a
Baltimore address for tho shipment of
his body. It is said $250 in bills were
found newed up in his clothes and
some of the money was0 Identified as
having been taken from tho Forest
City safe.
SHIPB C?LLIJ)E. .
Two Steamers, Hidde . by Fog Strike
and One Goes Down. ^ f
FOBTY-FO DTE PERSONS DEO WNBD '
They Were All Lost Boforo Small
- Boat? Could Respond to
tho PlteonB Cry
for O.olp.
A co"":slco" < ccurrp.d In a fog off
.'!:?.:?. >/\ ri ?fi}" >. oci.ween the Rus
. * "ia e/i;*? steamers
V ; v. ? V' 'vi M.iiii, Tbe lat
- sa ??.-.. . .?" .'<? . <. i ^.ssengers aud '
. -r ?>?' . ;.'! .>'-. kal Maru ouly
'?-.?.?. i . . . os'-. ' .??.'?> ; orror and
' . '?? .*'. iV* ' i' -IU.'H ?'f tbe ;
.v< '. '.. - .'. f-'s N-?d deus?
...".'.'..- " ' ..'*. *'. ?. "i..i'.<io.d the 1
?. ? . Ryn<",f f ':al'io r?s
- , ' ."?.. * ? i p^scnRero 1
. . ' <:.:? } fri>,o their
. ? . Vi ; i ? .? vessel
. ' . : : .-'<oasseu
.X" \ >. . .' '\ i.s. ?J-.v?r?ir the
s . "*? . -r- . . '-.i-, 'Modeling
- ;?. ?..-... ,,. ?'."eboats,
.?y" ?v . ? p *. . ?.. ' y v.o?'-' ja>'<joMed,
o';" ' j.': ^ - . acct.,,ot of the
- ; .''. .I "'.-.i: over the
i. .: ." y ' ".'? . entire crew of
. . *' i." " .? -V. (if the
^ . , < . .*. .. .',! {.'.'tl ?.<.? the ves
...'..? i ''rvCi' ?.a'f of the
. i.wij vessels
? . - : s :.I^S?UM Yus
' ?* , . ),w?.en Rus
. : ' .-...ts. 'J'he fog
. > >' a- Mu-, i;liu Japa
. . .. . v. "bu- pni?eiitcd the
??; .. . .:]>.:. oaob other's
. i? - ... . :. .'.vopio made to
... . UV,?- ??'V tiiey struck
' .. ' ? Vj.1; ;t V: ' . . '. ' ?
. -\ w'? called from
i\ ry ' i, ai crash of the
" ii:?; 'I'ukal Maru
,. .. L at -.< ??ie of passen
> . y- ... -.-m down'with
:. ? i -. -j could recover
:.i . . 'S v.-t> tl ie BrogreBS
i sf.?. *r? ?{ress, although
\ < "r. ..*. .-..vs Kepi? a?oat, and
" . b> ?>f MOI- othccrs tiie
i. . .> rt..*; .insii'Mi^ers of the
.: . .- sr.. .!.
.'aitfiMl^ biri j' ARO UT BULL.
?? ./.(? ?.. i oe ailHhOMrl Courts
"in Mvonly Vcara.
'< .: "..s cas- m* Themas ?. Sub
lf* a?..'i.lilbt il e Iron Mountain and
. .. .i. '.-r.. n.iihoad ('umpany for ln
jui-y a '-lill, willoh has been in all
tho .'ottrks nf tho state since its instl
? tiiLkai, DVOI bwhiiLy years ago, came
! np again at clayton recently, says
Tile Si. IJI?ills Ulobe-Democrat. It
was h ai uk" I to .Judge McElhinney of
the circuit court in the form of docu
mentary evidence, and was taken
under advisement by him.
Twenty-one years and one month
ago Mr. Sublette obtained judgment
In a justice of the peacecourtln Adair
County for ?75. The suit was brought
to recover damages to a young bull he
longing to the plaintiff, which was
struck by an engine of the railroad.
The railroad company took an appeal
to the circuit court of Adair County,
where the suit was dismissed.
Then began the legal tight which
bad run the gamut of course several
times, and which incurred an expense
in court costs alone, according tn a
rough estimate of Circuit Clerk Fred
J. Hollocher, of no less than $1,000.
After the dismissal of the circuit
court in 1883 Mr. Sublette took it to
tbe supreme court of Missouri, which
transferred it to tbe Kansas City court
of appeals. This body sent the case
back to the Adair County circuit,
where a new procedure was begun to
recover the amount of judgment given
by the justice of the peace court.
In 1894 the case was transferred
from Adair County to St. Louis Coun
ty, and from Clayton it went to the
St. Louis court of appeals. It was
sent back for retrial on reversal of
judgment. An execution was issued,
anjnjnuction was taken out to stay
the execution, which was also taken
to tbe court of appeals, aud which
was sustained. A new suit was then
brought on the original judgment,
was mistried once and was brought
back Into court again by Judge McEl
hinney granting a new trial.
The matter of granting a new trial
was also taken to the higher courts
and sustained. This was the pro
ceeding which brought lt up to yes
terday. The bull has long since died,
and mauy of the witnesses have passed
away, out of reach of the courts. The
suit was originally for $125.
HE COULD NOT KICK.
Father Advised a Youri,? Man to
Elope and Ile Did.
The proprietor of one of the princi
pal firms in Birmingham had remark
ed that his head clerk, for whom he
had a real liking and had fallen In a
melcholy state, and, though he tried
his best, he could not find out what
was the matter with the young man.
One day at last the Bufferer owned
that he was in love.
"Well, marry her," said the chief.
"Oh, but"-here the young man
nearly broke down-"she belongs to
one of the best families in town-the
parents will never consent."
"Pooh. Your position is good, your
name ls honorable, they won't refuse.
I will demand thc girl for you. Does
?he love you?"
"Yes, but it's no use, her parents
won't listen."
"Well, then elope with her. Do I
know the girl?"
"Yes, she will be at your ball next
Tuesday."
"Now, listen to me," said the em
ployer. "Leave the ball quietly with
her. Joseph, my coachman, will wait
for you at the door and drive you to
the station. He will ask you no ques
tions. When you are out of the way
I will see the father and settle every
thing for you."
"Is that really your advice?" glee
fully exclaimed the youth. "Do you
want me to do it."
"Yes, I command you to do ft.
Now cheer up."
The next day thc clerk proposed
the plan to his sweetheart, who made
some objections at first but, overcome
by his reasons, she said at last:
"Well, if he means it I must obey."
What was the general stupefaction
when after tho ball the daughter was
missing?
"Mad fool that I was," exolalracd
the enraged parent; "lt was my own
daughter!"
The next day he wrote: "Come
back; all will bc forgiven."-Birming
ham Age-Herald.
.oat KUI* Ita Inventor While
Makin? ft Test,
?rvey Miller; aparra 'bat?a,' work
DR for J.-'JB. Reynolds,, a prosperous
farmer.! at Cedar; Point, Minn., was
spanked almost to death by a machin?
bt his ow?, contri yahoo.;,Milleryfwho
ls an inventor, .discovered a *'mother
help" machine. " It consists i t a'series
of phonographs to be set In eaoh room
of the houBe. (Ja pressing a button
any ono of the 'phonographs desired
will call out: Stop that, Robert,
ind be a godd boy." Or will yell out:
"If you aren't a good boy tnamma will
whip you." The device is worked by
electricity and is supposed to relieve
the mother of mucn running to and
fro after ber. offspring, and to make
the latter behave.
Miller hus also a graduated spank
IOR attachment. The person' to be
spanked is strapped Hat down Ou n
board, while a strong hardwood pad
dle operated by an electric motor does !
the work. Two- dials control the
mechanism. On thc dial are printed
age? from 2 to 1(3, so that the turee of
the blows can be regulated according
to the age. On the other are the
words, "light, fair, good, bard, seri
ous," to correspond with the offence
for'which punishment is to be inflict
ed. Miller had finished the mechan
ism, and after vainly attempting tc
secure a friend to try it bad himsell
strapped down on a board while a
number of friends operated the works.
The paddliug was started pt 2, slight
and gradually turned on until age 1G,
serious was reached.
Miller was by this time mari rm for
mercy and promising to be good while
the onlookers were rolling on the
Moor, doubled up in laughter, not
knowing that Miller, the inventor,
had been terribly punished. Miller's
strength was rapidly falling when hi>
friends noted his condition, but not
being familiar with the machine wen
unable to make it stop. Miller had
lost consciousness when someone re
leased the buckles of the straps which
held him down and rescued him. Mil
ler's first act on regaiuioR his senses
vas to destroy the "mother's help."
DISPENSARY PROFITS.
Business for the Last Quarter Re
viewed hy Committee.
The report of the joint committee
appointed by the legislature to exam
ine the books ?ind financial condition
of the State dispensary was made pub
lic Tuesday. A profit of 8117,073 was
reported for the quartor ending
August 31. Of this sum $07,547.7C
e?mes from the county dispensaries
and is equally divided between the
towns and counties.
.Fellowing is the o?lc?al stalemeui
as to the assets and liabilities of thc
State dispensary:
ASSETS.
Cash In State treasury Aug.
31, 1903.$ 15,234 47
Teams and wagons. 64 Ou
Supplies (inventory Aug.
31, 1903). 57,578 20
Machinery and ollice fix
tures. 0,295 06
Contraband (inventory
Au? 31, 1903). 52.800 00
Real estate. 52,800 50
Merchandise in hands of
dispensers Aug. 31.?,357,895 73
Merchandise (inventory in
State dlspeusary Aug. 31,
19 Yd). 385 760 88
Suspended accounts. 2,872 55
Personal accounts due
State for alcohol, empty
barrels, etc . 19,322 50
Total assets.$898,443 95
I.IAIIIL1TIKS.
School fund.$588,091 42
Personal accounts due by
State for supplies of -
whiskies, wines, beer, al
cohol, etc. . 310,352 53
Total liabilities.1898,443 95
Fell in tho Water.
At New York a sixteen-year-old
messenger boy for the banking ti rm ol
Uolognesi & Co., carelessly tossed a
bag containing 86,000 in gold from
the deck of the Ellis Island ferry boal
to Policeman Meyer, who was on tht
pier to escort the lad-to his employers
I office. The messenger's aim was bad
and the $0,000 disappeared in the wa
ter, leaving only a trail of bubbles,
Twelve fishermen were soon at work
[trying to recover it, expecting a larRi
reward. George Pinkerton, an ex
press agent, brought, up the treasure.
He received $20 for his trouble, and
the others received the bankers:
thanks.
No Place Ijtku Homo.
On board the steamer Majestic
which arrived at New York on Thu rs
day from Liverpool, were 12 negroe:
from the States, who went td Liberia
West Africa, to experiment in cottoi
Icnlture with the view to future colo
nizatlon from this country. They sa;
the experiment was a failure and thc;
?embarked of the Majestic in a penni
less condition._
Twelve Men Killed.
Fifty men, working on a bridge ove
Brazer and Trinity river railroad
Fort Worth, Texas, went down toda:
with a falling span, into the river, 5(
feet below. Twelve wero killed ant
many others fatally injured. A ca:
was derailed on the bridge and tht
train rushed through the bridge, car
rying more of lt down.
A Kent nek y Keilli.
Two men are dead as the result ol
Middle Fork, six miles west of Jack
son Ky. Jacob Spencer .called Curth
Gross out of his house and shot him
I dead without a word. Samuel Gross,
the 18-year-old son of Curtis Grosf
sprang out and stabbed Spencer tc
death, the knife puncturing thc
heart. An old grudge was the cause,
Mullet! Mullet! Mullet!
and all kinds of Fresh and'Salt Water
fish and oysters. If you are dealing in
Fresh Fish or Intend to deal in them
write for prices and send your ordrs tc
TERRY FISH CO., Charleston, S. C
or COL?MB1A FISH & ICE CC
Columbia S. C. We ship only fresl:
caught tish and our prices are as low
as they can be sold at. Write us.
Try us, and be convinced.
Hall rond Wreck.
The local passaoger train, No. 23,
Charlotte to Chester, S. ^C., on the
Southern Wednesday morning ran in
to a work train near Chester. A color
ed fireman od the passenger train wai
killed and saveral passengers were
badly shaken up.
An Old Field Weed.
Many sooing that old Hold weod, tho mullidn
stalk, novor oonslder thtfeood it ia accomplish
ing in curing luna troublas, lt presents ir
Taylor's Chorokoo Itoiuody of Swoot ?um nn<?
miilloiii tho finest known romody for coughs,
colds nnd consumption. At drug atoros 25o poi
bottle.
A. Wagener, Pres. Geo Y Colo man, VicePres.
Coleman^ Wagener Hardware^
Successor to 0. P. Poppenheim, x^..^a?
383 KING STREET, - - - % - - CHARLES
Tho answer to tbo Inst week's ques'ion is tob simple. It ia .huniary nntuiro io^my^'^tnncT *.
from tho cheapest house. All tho retail dealer hos to do is to comparo our rates ruid-prove '. ' -.
whom they cnn buy the chenperst. For tho last time we bring to your view, tho rates. -From:-..-' ? ;
Now York, N. Y., classification per 100 pounds, por carload, nails, 12c per IOU pounds.
From NEW YORK, N. Y.
TO
CHARLESTON, SC
Cl#AP81FI0ATION8
i E Ii 100 I1B?1 .
1 2 3 4 5 6
60 40 34 28 23 17
P?E-GARL? At).
12c per 100 lbs.
TUE GUIGNRAD BRICK WORK %
COLUMBIA, S. C.
Building and Re-Pressed Brick. Special shapes to order. Pire Proof T
ra Cotta Flue. Linings. Prepared to All orders for thousands or for milli
Prepare yourselves to meet the demand for Stenographers, typewriters
and bookkeepers. Write for catalogue of
MACFEAT'S BUSINESS COLLEGE, Columbia, S. ?.
W. H. Macfeat, official Court Stenographer, President.
Handsome Brooches
Last week Wo intended to toll you about our Brooches but our spaco Waa already full.
Wo have a beautiful lino of tho latest styles and the prices aro very close for fin? goods.
havo a beautiful lino of sterling silver Holt Pins, Latest stylo $1.25 to' $430. Writo us of tea.
Your postmaster likes to sond off plenty of letters, tho moro ho sends tho more pay ho gate
P. H. LACHICOTTE & CO.. Jewelers, : _
1424 Milln St COkUMBIA^JjjUi!:<
Ol IL,XX FANCY SHAPES.
LARGE STOCK. . -PROMPT SHIPMENTS
.....jOBUilGiA-CAKOLINA BRICK IO.,
Howard H. Stafford, President.
WRITE FOR PRICES._AUGUSTA, GA.
Whiskey I Morphine I Cigarette
Habit, I Habit | Habit
Cured by Keeley Insti-ttxfce-, of <C'? .. '
1329 Lady St. (or P. O. Box 75) Columbia, S: C. Confidential correspond
ence solicited.
. AlhDrug and Tobacco
Habits.
JLvime Cement, Plaster,
Terra Cotta Pipe, Roofing Paper. Car lots, small lots, write,
Carolina, Portland Cement Co., Chsrleeion, a. C.
H av?; Hell'Co II title-II ce
Jiave cgnfidence in yourself, says
The Commoner. Do not allow your
self, for a moment, to doubt your
ability. Take whatever befalls you
ns a matter of course, intended, in
some way, to benefit you. The man
who accomplishes. ?B the man who
asserts, "I can, and I will," and who
says it from his heart, and means
every letter of it. As a man 'thinketh
i his heart, so is he," and his own i
ablation of bis abilities will be the
measure of his greatness. As a
stream cannot rise above its fountain
head BO one cannot rise above his
own faith. in his ability. A self
reliant mun feels that, he is horn to
conquer fate, and takes hold with
the firm conviction that he can do
the work better than any one else
under the sun, and ho accomplishes
the hardest tasks, while the winner
is crying, "1 can't." People call him
lucky, hut plucky is thejbetter, word,
as all his success is the residt of his
firm stand in the fight. The plucky
man does not, recognize the word do
feate as meaning failure; if he falls,
he gets up and goes at it again, and
every disaster leavre him so much
further up the hill, if lie heads tho
right way.. It is the mau who sita
down and waits for help who lins a
close acquaintance with failure for
every ono has enough to do to light
liis.own battles. Don't wait for somo
friend to start you. Start yourself.
Lean on your own strength; ask no
favors and don't shirk the hard
things. How much of tho hard
work do you suppose is necessary
for fitting your strength to your
work? Much of it is meant for
discipline; can you accept it OB such?
Do not winne if reverses como; do
not expect disappointment, but if it
comes, meet it like a man, with a
sturdy strength that defies it. Faco
tho fact that "down on your luck,"
sometimes, but also fuco the fact
that you aro not going to stay down.
Make Vip your mind to tho fact
everything worth having must ho
paid for, in some kind of coin, hut
seo that "the game ?B worth tho
candle" before you begin it, and,
having it, play to win/
Tho Con f?derale Navy.
In his annual report to thc secrc
tary of the navy, Charles W. Stewart,
j superintendent of library and naval
war records, recommends, when con- ?
gross shall decide to increase the num
ber of volumes issued, that sets be
j supplied for the Confederate officers
I and Union volunteer officers. In tho
new volumes he says the operations of
the Confederate navy are completely
presented for the first time in history.
CHARLES C. LESLIE,
-Wholesale Dealers in
Jr^i?li ?xiiii Oysters.
8 & 20 Market St.. Charleston, S. 0.
Consignments of Country Produce
[aro Respectfully Solicited, Poultry.
JEjfgs,*o.
Fish packed in barr?la and boxes for
oountry trade a specialty.
Wanted to Kill Them.
In New York last week suspected of
having shot a white man, two negroes
were set upon by a mob of 500 men'
and beaten so badly . that they werri
taken to the hospital. The arrival;^,
the "police prevented them bej'hgv
killed. Their victim was not danger
ously wounded.
omen
HE. HATHAWAY.
who aro th need of tho'
best medical treat
ment should not tall
to consult Or. Hatha
way at once, as bois
recoff n 1 zeri aa tho
leading and mo'tt suc
cessful specialist.
You are s a ia In
glacing your case In
ls hands, as he ls the
longest established
and bas the beat rep
utation. He eurea.,
where others fall;
there ls no patch wo rb
or experimenting In
his treatment . Per
sonal attention by Or..
W. Hathaway, also ape
clal counsel from his
associate physicians
when necessary, which no other office baa. If
you cnn not call, write (or (ree booklets and
question blanks. Mention your trouble. Er?
.rythlnp strictly confidential. . J. Newton
Hathaway, M. D.
88 Inman Building, 221 S. Broad St.,
Atlanta, Ga.
Wilson's Freckle Cure.
Guaranteed
to remove
Freckle s ,
Sun Burns,
Tans, Moth
and Pimples
also as a
toilet cream
Money r e
turned if it
fails. Price
50c. Trial
size 25o.
5c postage.
If not sold by your druggist, write
I. R. WILSON & CO,
(ihn ri (?wt on. 8. O.
BB 0 BOTANIC
???DiBLOOD BALRft
The GreitTctted Remedy for tbs speedy
and permanent cure of Scrofula, Rheuma
tism, Catarrh, Ulcer J, Eczema, Sores, Erup
tions, Weakness, Nervousness, ana ah.
: BLOOD AND SKIN DISEASES.
lt is by far the bett building up Tonic and
Blood Purifier ever oficred to the world. It
mafc rn new, rich blood, impart* renewed vi
tality, and possesses almost miraculous
healing properties. Write for Book ol Won-|J
dcrful Curve, sent tree on application.
If not kept by your local druggist, send
$i .or, for a large bottle, or $5.00 for six bottles,
and medicine will be sent, freight paid) by
BLOOD BALM 00., Atlanta, Qa.
Say tolo.
Allow would you liko|to havo'a useful present
?ont you Bomo throe or. four ttmcsja year. Sont
without any oxponso JtAyou, whataoover?
It you aro a Carpentor, Paintor, orlFlastorer,
sond us your nomo. Wo will enter you on our
list and c*ory few months sond you a prosonfc
that you will keep.
SMHD B?ILDERSJ SUPPLY CO., ,
015 Plain St Columbia, S O