University of South Carolina Libraries
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Saver~Pr the 6*W 2 wrGoer0 7& eab~ TO INVOdU,'IvATE COTTON TRADING Amliricnn Exchange Iudicted in Nei York. Eond for Di) rectors. New York, .-larch l.-On evidence iven at a recent "John Doc" investi .ation bcd'ore Ohief Alaiistvato Mc Adoo and -presented to the grand Jury )y the district attorney, the Amenr ,an Cotton exchange, htIrgest of its ind in - membership in the country, ind six of the directors were indicted oday charged with violating the penal ,ode by "bucketing" orders. The individuals named in the hill, tandolph 'Rose, Sr., of Rose & Son, rIce president of lie exchange; 0. W. 'ratt, secretary; Angelo T. Jennings, Uartinl Goul-ko, Edivin 4j. Patton and taymionid Palmer, each were held in 1,000 for pleading before Judge Ros tisky -in general sessions court oil Ionday. Two Indictments were returned, one >f which, Ilenjamin F. 'Schreiber, as distait district attorney, tonight rc 'ealed,- jointly charges the exchange Ls a cov.torvation and the(six (irectors vith having, since January 1, "crossed ales by making contracts on the basis >f the market quotation without in ending to buy any cotton." The other indictment, Mr. Schriober aild, accused .Patton and Jennings 'with 'permitting and inducing the micketing of orders in tihat on Octo >er 3, 1921, they made a contract be ween hems elves to purchase 39 bales )f cotton at the p market quotation vithoutl any intention of makln-g a nurclase or deli ery." Thle John De liquiry,''which led to lie 'indictments, -was an outgrowth of [)lstrict Attorney Banton's investiga ion into bucket shop operations in the Inancial district and the snares set ior the investing -public by get-rich inick promoters. Testimony ginven before Magistrate fcAdoo concerning the alleged ir -egularities -oracticed 'by certain meni ters of the indicted exchange caused flim publicly to express his 'amaze nont and upon %his recommendations he evidence was carried to the grand itry. The American Cotton exchange wais >riginally known as the American Cot on and Gtrain exchange. It was or rantized by Joseph C. Cooper, .a South >rn promoter, who Is said now to have . claim of $300,000 against the 'ex -hange. It was incorporated in New (ork state .August 24, 1916. It wa's brought out itt the John Doe nquiry that many memberships had eenl sold in the South for prices as ow as $125, payable on installments. [he market value of membership on lie exchange today -was said to be un letermined. A minimum price of 1,000 was flxed at the last meeting )f the exchange. A. W. Graham, president of the ex Thange, was the only official to testify it the John Doe hearing 'before Magis rate McAdoo, who stated that he con ;idered Graham merely as a figurehead n its administration. Air. Graham asserted in a statement enlight that "the exchange, its officers ind brokers all strenuously assert hat they are entirely Innocent."' OWA PRlOFESSORL I)IS(USSES POPE i'ery Hunmn Helig, Says Urllmian, Pro fessor and1( Ilend of 'Ieparimn'ent~ of IowaI City, OFek, 3-11 iml oyalty is the striking (Iuaility of tile low 1)0p), iPius XI, as noted by a iper onal friend, 'Dr. 'T. L. Ullman, pro eossor and head of the department of latin an'd Grcek at the university of owa. "lie 'was kindly and courteous and a 'ery human being," Professor Lilman ays. "I first met Aehille 'Ratti in 1906 vhen I visited the Ambrosian library it Milan to examine certain Latin man iscripts," Dr. Ullmnan said. "At that ime he was a plain 'doctor of th~e Am )rosian' and 'acted as assistant libra 'ian. The Amibrosian liebrary is one of he fmnous libraries of Italy and con a n s some very valutabi'e manuseri pts, Phese manuscripts 'were 'Ratti's con itant compa~nions and friends. iHe vorked with them all day long exam ning and studying tihe 01(1 ,treasures wvhich he loved. "The most striking quality which I round In 'Ratti in 19G6 was 'his atti ;u'de of resnpeet, admiration, loyalty, 1,nd deep humility towayds his au pertior, the librarlan of the Ambi:osian, Antoinio Ceriani, 'who even then was il 'and w'ho died soon after.- It is aentain that Ceriana had a p~rofound nfiuemice on- Achille Ratti's life. After Zerlani's death, 'Rtaatti, who succeeded urm as librarian, 'was very active in1 aringin'g out a memorial volume of mchotarly 'papers in Coriani's honor, Rits attitude toward Ceriani is nc I0'ubt' an inicatipn of one of the new impe's chief qutalities,, 'his Aahumble Loyalty. 'hfRatti wae Vefy h'elpful to 'me in, myt myorkc, not" onlys in.) 1900, but elSe ill (007 andt 1910,'lien I revisited' -,he Ambt'osiani' and speht s'ometime therc in intimate conltact ith' tb4 'man. "Classical 'hoa ~dItligg j)hers respected 11atti for his excellent scholarship as displayed in uilerous learned articles. 'hese articles are generally ,conceIned( with manuscripts. "I possess several of ills articles, autograpipld copies Which he sent me t Variousl times. We kept ip a de stiltory correspolndlence froiu ur il. meeting in 1906. "Inl 01W of his articles he tells about luimmaging among soiIe Old manu seripts and coming uponi certain frag ments which "suddenly attracted my zttetntlon and jiqued my curiosity." 1here you have the characteristic at Pude of the schloair making a discuov cry. It was a great surprise to me that 'he left the field of scholarship -r the diplomatle and executive. We have one more illustrious example to prove that scholarship is a s1)en (11(d fouidation for any career. "I was greatly astonplied to learn that the new pope was nearly 65 years old. .1utdging by the w-a." 'he looked il 1910, my guess was -that lie was not imuich more than1 50 at the 'present time. 'Ile has many years before him. The pictures recently published are excellent likenesses. The very recent ones clearly show the change in facial BRAMI WOODWORI REPAIRING. AUTOMOBILE Al Mr. Car Owner: for you. We give ti it carefully and thor. Make New Tops Repair Old Tops Make Curtains Put in Curtain I Repair Curtains Paint Tops Make Floor Boa Cover Running Special Price on For CHASSIS Straighten Bent Repair Broken F , Repair Bodies Put in New Spri: - Straighten Axle: We make any r Chassis. Let us go < bolt and nut abou' charges will be reast WAGON, BI It has always I was possible to do now and if you have have it repaired ne prices. You will f in HORSESHO] SCRE Look over your before the flies com< CORN MI We will have ou son. We .have an ?oller mill made. T a flour thatranks w IF IT BRA MI x - (1110 to uis ctuange of occul pation from tle fieli of <iulet scholar 1111) to thIt of Illore streniuotis execi tive. work. "In spite of the few vweeks I s;'ent In his company I feel that I k'now tile pope lilt inmately hecaluse Iwv ( It side by Side all day long and ex change views on matters of Colltilon interes. lie was kindly a td cor - teous -to ie 1111d a very human being. In 1910 lie discussed with Mrs. Ulliman, who accomlpanlies 1m1e, the best Iethods of sweeping up floors without dust." * HiClKOlIY TAVE tN NEWS * Hickory Tavern, April i.-The farm ers of t-his section are behind with their furi Work. The teachers of Ii ck ry Tavern school are very miueh i intrested in the oratorical contest. Mliss Alertie Abercrombie gave an eveling party Friday igh0ht, il honor of Aliss Stella .lahon, aid all reported a nice time. Aliss [Lucile Baldwin spent the weeh LEITT & C, BLACKSMITHIl AND AUTOMOBILI PAINTING JTOMOBILE REPAIR] Look over this list and ds line of work special a oughly. Repair C Sell Top Put in T .ights Put in C Put in N Put in N rds Make Fl Boards Sell Top d Touring Car Top Rect BODY AND FENDE Fenders Put in N "enders Brace Fe Repair Ed ngs Put in N. Reline B epairs needed on the Toj ver your car, clean* the < t it. The work will L >nable. JGGY AND GENERAL seen our policy to do ou first class work. Price a broken piece about y< aw before something e d them right. EING... EN DOORS AND WIN! house and see what you [LL AND ROLLER FLC ir mill in first class condi Anglo-American Roller his mill gives an extra h ith the. bess grades of sh CAN BE FIXED WEl1 Laurens. S. C. did with homivfolks alul rel atives of tlhis seelioiN .e are always glad .to !v-he back hom11e. Alle I' il k l 1i r o -w nt the wC ni( d Nll h homefol a i )ial.. id with heIolk in Ware Shoals. .\Ir. Joe Ilrownlee spent Studay with .\ r .1 1 1 1r. . B. ill11 .r. C. C. Saxon is myoviig to G reen riIl(. We hate to see theml) leave our. com1iitity. Iliickory Tiavein VIssedl bats a ith. Pri cetonl '.\Iarehl 25h, wining with a sceor of 7 to 0. The gamate was enllIed at the end of the lifti 111 inin1g. lsat iteries: Hickory Taver n, Rioper and lit: Pr Iincietoni, Trayithnai amld Ia lhon. Simple WireicEs Messnges. The lI waves of wiriele.s stilionus titre ii neen l ugly passing 1 IVt 'ugh on:' louses nuiil our bodioes and we nelher see, h(ter ntor feel them. Yet if ttero he inteiposed a few strans of wirt. n metal plate l a i tinly glowulnp :n)! If thiese necessris be riged Ii orer, the wireless tmessenigers will etarry the soniid oif a voice spiea1kinig 1tho1 suids of iles away.-rooklyn Eagle. BABB iG, GENERAL REPAIRING TOP WORK 4G see what we can do ttention and will do :ushions Material op Straps irtain Fasteners ew Bows ew Top Pads :or Carpets Accessories ivers. Get our Price R WORK ew Parts in Chassis nders roken Springs ew Bolts races , Body, Fenders and hassis, tighten every e done right and the REPAIRING r work as cheaply as s are back to normal ur wagon or buggy lse breaks. Get our . .$1.00 )OWS need and let us do it UR MILL tion for the new sea. Flour mill, the best igh yield and makes ipped flour. JX IT BABB