Lancaster enterprise. [volume] (Lancaster, S.C.) 1891-1905, September 29, 1897, Page 8, Image 8
ALLIANCE DEPARTMENT.
J. F. FISH FT Editor.
Those who have ordered their
bugging and ties throtigh the Alliance
exchange will please call
and get them as soon as possible
as we have to get them oil" in
time to meet the drafts at the
bank when due.
1 Mease attend to it at once.
We would urge upon every \1
lianceman t he importuno <f more
. 1 l i . '
uiui'Mtgii wi g.uuy.i ; i; . i t ?;e
way Io aeeomplish this s t > get
your neighbors to join th A11 i
ance and thereby increase our
numbers. There arc plenty of
good men who arc not members
of the order who would !> a help
to us and would surely he L<eie
titled by belonging to the Allianee.
We will want to buy our
fertilizers before a great while
and there are a great many men
who regret that they were not
members in time to buy their loianos
through the State exchange
last season. We want you to hurry
up and he in time for next season.
Food lor Legislators.
Ut ( cortfc II. I-.icey, of Delaware.
While the brains of the nation
are wrestling with the financial
question, with no prospect of an
early solution, unless they sur
render their convictions to the
inonev power, a temporary divergence
might relieve the strain,
and pave the way to a more equitable
and logical solution of the
important problem. While it is
most essential that the values created
should be repi- sented, measured
and exchanged by an agent,
both stable and unimpeachable, it
may well be questioned, if, after
all, we have reached tin' root of
the evil. The problem with
which we are wrestling is not a
question of money, either as to
its quality or its quantity, but a
question of the ratio of distribution
between loanable capital and
the earnings of productive indus
iry, or I In* rates of inlon >t whieh
the borrower pays for the use of
money.
If there wore no debts and no
debtors.no borrowers and lenders,
thisartiele would be robbed of
its pith and point. Hut, nnlortn
natelv. we have them all, and the
rateol interest whieh the borrower
pays the lender, i.? ll ratic? of
dist ribul ton.
1 lie rate ehaneer-. .1- the result
ol two laetor-, the one. the law ol
tlie doiniidie ; the other, the no
' cssn ii'.- <>i i in" iXfi'nuvcr. ill*' It*
_al rati' varies l'rom six percent,
per annum to tfii per cent, per
annum, ami on*' (?? two jut omit.
jut month. lint necessity knows
no law. it tli?? rule an*! not the
exception. that bomb ami other
evidence* of indebtedness when
placed upon the market, are sold
helow par. so that the purchases
secures more than the contract
rate lor his investment. Hank
discounts run thirty, sixty and
ninety days, and the discount
fund is reloaned and k<*j?t at work
until the average burden paid
upon borrowed capital in this nation
to-day is not less than ten
per cent, per annum.
We have been and are a spec
ulative and ambitious people,con
stantly banking upon the future,
pushing credit to the utmost lint I)
it,and paying lor it ; but the bur p
don, ultimately reaches back to tr
the producer of wealth remorse la
lessly and relentlessly, and the at
ratio of distribution has so far exceeded
the ratio of increase in na b<
tional wealth, that centralization d;
has gone on so rapidly as to $
I threaten the stability of a popu- si
i lar form of government. In 1 ?S(>0 or
we had a national wealth of .fid, i at
000,(100,000; in 1S0O we had a i Si
national wealth of ?>05,000,000, '
000; in 1 S!)-l, as the result of! pi
< 'l? veland's policy, inaugurated in to
1.sng.and dictated by \\ a0 street, p]
t he panic ami depros ion of values | fu
WHICH followed. It'll It WlMl ;1 nil- I \\
'tional wealth of $">2,000,000,000. j Si
| I lore is a period ol thirty lour
years regarded as the most pros- pi
porous in our historv. Ti
' M '
Money at lour percent, per an m
11u>11 doubles in seventeen years. | yi
beginning with $1?>,000.000,00() j p,
in I silo if we had increased at ta
lour per cent, per annum we th
ought to have $0-1,000,000.000 in vi
1*21. I>ut only had $.">2,000,000,- o|
.Ooo, showing that the increase is
only about, three per cent, per j
annum. We owe in railroad
bonds alone $12,000,000,000 X1
which as a rule bear six per cent.,
and sell on the market lor about
75.1,so that the proceeds of these
j bonds bear a 10 percent, burden. 'u
The municipal indebtedness of
the country, the corporate indebt
edness, the partnership indebtedness,
and the individual indebted- vr
ness amount to $18,000,000,000 "
mose upon which the burden, ili
rectly and indirectly, is fully 10 *?
per cent, per annum. ?*
The nation's aggregate debt to- rt
day is fully $30,000,000,000 at 10 bs
por cent, or an annual burden ot
$.'J ,000,000,000 which the pro
ducing interests must pay, if paid
at all, while the increase in national
wealth from all sources is in
loss than $2,000,000,000. This
I proves conclusively that the cen-1
] trali/ation of wealth in this na !> >
! tion is annually $1,000,000,000, Iv
l.i .1 . ; i
; ami mat is wiiy in liny years We j ,
! have made more millionaires
! than all the world beside. I'nless,'^
I . . . I 1M'
this changed l>y timely and elleet , |
ive action a lovohition or a tnon ; |S<
| arehv is inevitable. What is the ' in!
j remedy ? j ly
UUON DERFUL are the euros 1 >y < *<?
Hood's Sarsapurilla. and yet they j
are simple inul natural. Hood's Sarsaparilla
make- PURE BLOOD.
? ?- ,.r
11.1> i?:..w ii
?
I rmn tin4 <?rl <1 -11 'rn. 1?1.
< ?
I inter the first month of the j,,
1 tinylcy hill the receipt from |r
customs were less than thev were ..
f ClJ
under iinv month of the Wilson .
. . i In
law. Stick a pin here.
During the month of August. **'
under the Dingley hill, remem -'
her, the expenses exceeded the til
receipts hy .*1 I.oil 1,4'h".. This isly,
at t he rale of $ 1 T'h'.Ki 1.1'.ill a year, ^
stick a pin hero. | ^
During the month of August?[
the first month under the Ding-i*''
ley law?the ('elicit was greater 'I'
than for any month in twenty i?s
years, and the defh'ioney for that (](
one month was within $-1,000,000
. w
of the deficieney during the en
tire last twelve months of the
Wilson law. Stick a pin here.
The national debt was increased S<
during the first month of the f)j
Dingley law to the extent of $1-1, j
888,470, and that is more than it
was increased during any one
month of the Wilson bill. Stick
a pin here. w
i
During tho first month of the
lingley law's operation it deleted
the available cash in the
easury more than the Wilson
iw (lid in any month of its operion.
Stick a pin here.
Without the residue of the
jiul sales the administration to
iy would be without a dollar and
>0,000,000 short. And that
lortage would have been in eased
by the first month's oper
tillable report ?.?!* Mr. Henry G.
ester, secretary of the New
rleans Cotton Kxchange, is that
r the tirst time the consumption
cotton by Southern mills has
ached and passed the 1,000,000
tie mark. The development of
e cotton mill industry has been
onderfully rapid during the last
,*e years. Comparative figures
r a decade will demonstrate this
the most striking manner, as
Hows:
*ar ending Southern Northern
Aug. 31. mills. mills.
17 101,352 1,710,oso
ss 150,000 1 ,*02,003
s0 . . 710,7*1 1,7X>',U70
,?o nio.sot i 700,2ns
,?1 (101,001 2,027,302
*2 0s?i,0s0 2,100,700
J3 713,010 1,001.173
4 71*,515 1,001,173
!(.r> 802,S3* 2,OS3,N30
IHJ 001,701 1,000,271
7 1,012,071, 1,?01,OSO
Between 1 ss7 :in?l 1SII7 the
iisiuiij?tion l?y Soimtl.ern mills
is stmulily progressed, l>nt with
ie Break, in IS'.M. :iiid the in
ease lias 1) cm from 101 ,r5T?i*
lies to 1 ,<>! J.'*7 1, or (iGl.'Jlhj
ilc^.c.jiial to more tiian 1 .*?' ? per
it. 1m t lie Nort liern mills t lie
crease lias been Iroin 1.710.0SO
lies to 1. ** ) I s0,or t' IJ JO' t bales,
pial to r. jier cent., while there
ive been wiile variations from
i;?0.7?;c bales in Is'.ej to IJJOO,-j
' 1 in I Although Northern
ilN eonsutnetl more cotton last i
\ar than in the preceding year,
ere was a decrease ot .'?S0,O()O
iles compared with 1S92.
id god 1?v the-io officials fiiruros !
o cotton manufacturing inter-1
ts of the North have actually'
(dined during the last five years,
Idle during the same time the
nith has nearly doubled its cotn
mill business. In 1887 the
>ntli consumed but 19 per cent.
the total used in this country;
1 S97 the South consumed d0.(?
*r cent. These figures refer only
* American cotton. Hut there
as a falling off even in the small
ions of the Dinglev tarilf law.
irk a piti here.
The Dingley law. which was
>in(ed lo as the law which was
i provide revenue ill abundance
'odueed less revenue under its
st mouth o| operation than the
ilson iaw did in any one month,
irk a pin here.
Provide yourselves with more
ns and study the figures ot the
reasury Department for the
onth of Augu-t. Kvcry time
>11 find a set of figures that
oves the claims of the tariff
xers fraudulent stick a pin
icre. lint before doing this pro
de yourself with a large supply
pins. You will need them.
SOITIIKKN COTTON MILLS.
lie Consumption of (he Ureal
Staple Now Exceeds One Million
Hale*.
inuJaitur<T'> Kt-cord.
A fact lull of congratulation
r the past and onoonrairemont
r tin* future, emphasized in the
mem 01 me ,\orin. l lie lime is
very far distant, indeed, when
the North will not manufacture
cotton, but it has lost its pro
eminence in that respect, and it
may expect to see the South
gradually approach and surpass
it in the number of bales used
every year without, however,
ceasing to be a mighty factor in
the world's industrial economy.
A Cure for ItiliousColic.
Hksoi hck, Screven Co., (ia.? 1
have been siibiee.t to jittnekc <?t
bilious colic for se>veral years.
("hamberlaih's Colic, Cholera and
I)iarho?a Remedy is the only sure
relief. It acts like a charm. One
dose of it yives relief when all
other remedies fail.?< 1 1). S?i \uc.
For sale bv J. F. Mackey (V Co.
and 15. 1 lough iV Co., Laneaser,
S. C.
\VANTF.I> AOHNTfS.
"THE CONFEDERATE SOLDIER
IN THE CIVIL WAR." jii.m pubImikmI,
contains 500 page* lilxlu Inches, nnd
ovi-r I. HO liuvo M.itt 1? Scenes. I*? rtr.?.* -. M i
< it- The kreut.-Ht wild Iftrx-i.il War Hook ever
pubtis<-<t, untl Of unlv orm that .?11?? to
On: CotiffiliTiiif soltU' T iin>l ibi' t'lnwi' !? fought
Inr Complete in one volume A/eiit* w.ttit< d
ivery w here to to ll this t.ouk on our new met
catty plan Many of tbo l&dy nnd gonlletnon
aKcnts who art: ut work arc iiutkliiir from IOO
To $200 l**r month. Veler.ilis, sons ..Ml
iMii.'liifr-> >f V< Icraie, nnd otlnTs interested
arc requested lo send for ;v lu .iutlfi.1 illustrated
descriptive circular ifreei ami i r111to ukoiiIh
Address, Cl >1 1:1 Kli-JttCliNAI. .? !! I'UI.STI.NU
< ), I.ouUvlKf, K y.
11-17
Itch on Human,
Mango on llorses, Dogs and all
stock, cured in 30 minutes by
I Woolford's Sanitary IiOtion. This
nn,.n. ; 1.. C.. f L.' W--1.
uu I UI num. 1JWII1 IIJ ?J , f . iMHCKfly
<fc Co., DruggiRt, Lancaster, S. C.
I
OA.STOHIA.
j&
To Cnro Conn* I pat Ion Forever.
TaVo CaeraretB ('andv Cathartic. 10c or Wsc.
It C. C. C. fall lo cure, druKK'aks r?'fuud inunuy.
amount ol foreign cotton used
exclusively in Northern mills.
During the year lour mills were
burned in the South, and eight
were eliminated or merged in
others, reducing the total to 403.
To this must be added 19 new or
uncompleted mills, making the
total 4X2. There was, moreover,
an increase in spindles, old, idle,
and not complete, of 158,753, and
a gain ol'spindles at work ol 400,207,the
total number in operation
i being 3,419,003.
Mr Hester gives the following
| statistics ol the cotton mills being
! operated in the various Southern
i States.
Stairs No .Mill* Spina;, s
Aliii.iitiri 4 "ni.s.S'i
Arkansas I ."MI" HI
Ueorgla Ti 16.5H4 .
Kontuoky li smuj
liOlllHiaua Z I..VII
MlHUlHllppt I) I.W0 6U.8SI
Missouri .. It :.. >(? I,'.."...I
North Carolina toi 8I.4V6 004.117
South t virulin.k to i.p.it.i
Tounesai ? 25 8,628 1910,021
Tnxas .1 VJ2 .t'ijut
Virginia n 4."itI i:?.? i>:i
I Totals 414 t?l,i;?7
The meaning ol the conditions
thus shown is plain, and are well
well described by Mr. liesler.wlto
says :
" Tliev are the inevitable results
of the sharp competition between
the two sections and the certain
and steady removal of the cotton
I manufacturing industry nearer to
the source of production of raw
material. It is an economic
struggle,with the odd- in favor of
the South and the superiority of
capital in the North. The linal
outcome,as foreshadowed by what
has already taken nlace.is certain.
| Tin* natural protection of location
must, in the end, triutnpli over
the constant drain necessary to
maintain competition under less
favorable conditions. This, in
j fact, is a truism, and the statement
is made in no sectional
spirit, but as ;> self evident proposition."
The disposition of Northern
capital to embark in cotton milling
in the South is becoming
more and more pronounced.
Every new mill is an advance,
as it usually is equipped with
the latest improved machinery.
The mills are getting closer and
closer to the cotton lields to the
i enrichment of the South, but not
necessarily to the impoverish
! TiiKOitKAnKi) oo^srnpTiom
caw in; cviiki). <
T. A. Slt'caiiii. .tl. f.. Ili?' (Jri'Ml
{ I'Im'Iii ikI SrlcntiHl, Will
NcimI. free, 'I'll re** II ill ili-s ?t|*
11 in !>Vw I y IHsciivrrral OCeilieIii
NnI Or**.
Editor Entkkprisk:?I have dis'
covered u reliable cure for Consninp(ion
and all Bronchia), Throat and m
Lung Diseases, (iencrai Decline, Loss ~
of Flesh and all Conditions of \Vasti
ing Away. By its timely use thoui
sands ol apparently hopeless rases
| have been cured. So prnot-positive am
1 of its power to cure, that to make its
merits known, I will send, fred, to any
atllicted reader of your paper, three
bottles of my Newly Discovered Remedies
upon receipt of Express and Post- A
oilier addrc-s. T. \.Sl.O( I'M, M. t:., "
t'S Fine St. New York.
Wish writln tin- O'V.er, j>l> mention
. tliis p iper.
MY NEW ^
CATALOGUES
| NOW lllvlDV,
ami i have the prettiest and
Itr-t Organs Made in Amorica
at prii-ON v.*ithi11 tli*> reach of
hiiv jni" who takes (jnality
in i> i- n ?i d era t ion. i li<* Best
l- t h<- < i! 10A 1'KST, iinl while
I iuive the 1JKS1 1 have put
price- mi a very reasonable
ba-is ami so sure as you see
my organs and hear my prices
so sure will you buy one if
your purpose is to buy.
REMEMBER,
every orpin is (11'ARAN- r
TKK1> for :?years. All freights
paid with Stool ami Instrction
hook KIvKK.
R. J, HERMDON,
Yorkville, S. C.
Here I Am At * * # '
IMACKSY'S
CORNER,
Where Are You?
<iood llour .selling nt $2.00
Good entree, 10 pounds 1.00
( niniilated sugar, IK pounds. . 1.00
?-i |ioumis tinniest orown sugar 1.U0
GLASSWARE AT A SACRIFICE.
Fine tumblers that has been selling
for tO cents a set, will sell them
to you for 20 cents.
Teas, Canned (joods and Fruits at
the Very Lowest Price.
Kespeet fully,
MM WALKER.
P. S. Highest Price paid
fur thickens and Pggs.
Notice! >
Tn tlio tr?\ payers of l.ttecaster County:
i'he I > .oks w .1 In* ii|i? n it: Ihr I.nicu i.f tho
c nut y Tn'iisuri r fur l.nni -aster coun ly for thn
. .I o I-tlon ..1 taxes for i>? .0 yi ar In/f, from the
I.Mli duy of Oi'tol.i-r to Wio 31st tiny of Decenttier.
IMV7.
Tin- follow ;ii:? Is the levy for the county: .
Statu o mills t
County. It " "
Interest on C. & (' K. Is. a '
t C A C. It. U (.Ills Creek.. 11 s
I - I'leasant lllll.if
, Constitutional! school is* 3 "
' l/iuraKii'ii lirniled ...4 "
| Kershaw .4 "
i lakliunt I "
i Till' l?'\ by Tow nshlps urn.
!n.l hi I.ut : I* mill*
Wiixlitiw Ill
t i Sine ?hreak |( '?
i 'inhi Cri-i'k (tirades I School* 1W "
. .. i.l.in. j X Roil'!*) . . I* "
i .1.1.1 i rifi: 'Ju'i "
ill < 'n- k ' 111 l b's in .! i "
11 > i n i u .liini a lit... . i
11 iforil in
, rim i ri .. No 'j... ;>> "
i l'luanam Hill in "
fh ..-ai.i lilll No 9 tt '
I'li .hunt Mill (.Inifi X ICouiIhi '.'I "
I'lcisil't 111)1 (Ouklllll <l) "j:i '
I'l-.ltir f'rfrk 11 "
c<t!.ir Crook tJ' ni'H X l(oiiU) IH
Respect full v ml'in H ii'il.
J. E. BLACK MON,
(' Th ai.. I..itn'.iilti (niiuiy.
I Sm.
PARKER'S
SM HAIR BALSAM
"^^ fTltgj ?- gi.it hrguhfirg thg h?lr.
I'r.ni.c tri * lnmnant growth.
^ Niivrr y*ll? to ttrntore Orgy
itmr to in Youthful Color,
grglp tl tri.fi A hgir U...1V.
gv.gntl $1 iti?i llrugglMg ^
I" MATCHING MATERIAL
Is a tiresome undertaking which often re
hup-> In failure, and something "nearly a i
mulch" Is never satisfactory. There's f
one thing that you cannot match: that's ~
Electro-Silicon
The Famous Silver Polish.
< ...m,. hiitis 11 mi outer met) iv nearly a
million houHfkcM-rors uac It. A trial quantity
w Inch in nent
FREE TO ALL 4
will tell you why. l'tau the secret of beautiful %
nllverware In your* Hlmply nend your nddreae
on a ioit.il card to
Nlllcon, av Cliff Nlrcet, Hew York.