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ELBERT H. n AL E-o ELBERT H. AULL, EDITO:. ELBERT H. UALL, t Proprietors. NEWBERRY. S. C, THURSDAY, JULY 30, 1591. THE STATE ALLIANCE. I had the pleasure of attending ti annual session of the State- Allian< held at Spartanburg last week. I regret that The Herald and Nem will not have a full report of the mee iug this week, and in its absence I wi give some notes of the session. The sessions were secret and only sue matters as the order desired to give of were furnished for publication. Every county in the State was rei resented, each county having one del< gate, except three which had more Barnwell two, Orangeburg two an Spartanburg three-they be'mg entitle to that number on account of membe; ship. The present officers'were re-elected f follows: President, J. William Stoke of Orangeburg; vice-president, W. I Evans, of _Marlboro; secretary, J. 1 Reid, of Spartanburg; treasurer, F. ] Taylor, of Chesterfield, chaplain, Re James Douglass. of Fairfield; lecture W. Jasper T..lbert, of Edgefie< steward, H. 3M1Rae, of Marion; doo keeper, J. W. Kennedy, of William burg; assistant doorkeeper, A. R. Wa ter, of Horry; sergeant-at-arms, J. I Jarnigan, of Marion. Executive committee: Lucas McIi tosh, of Darlington; T. P. Mitchell, < Fairfield; S. T. D. Lancaster, of Spa tarburg. Juring the session Lecturer Talbe resigned and J. R. Jef'ries, of Unio: was chosen his successor. Mr. Talbert reason for resigning was that as und< the new constitution the office of lee urer was now a salaried one, it woul not be proper to retain it and at ti same time hold a salaried office und< the, State. Newberry County was represented b Mr. J. A. Sligh in the Alliance an also in the meeting of the Trust( Stockholders. Col. E. S. Keitt, M J. L. Keitt and Mr. Ruff, of New berr; were also in attendance upon t meeting. President Polk, of the National All ance, was present and delivered a publ address. He is a good speaker and pr sents his side of the case and the d mands of the Alliance in a pleasing an forcible manner. He theorizes wel and on his speech I will have som thing to say hereafter, when I can pul lish in the same connection what l said. The great debate between Gov. Til man and Col. Terrell on the sub-trea ury was, had before the Alliancei secret, and they were scrupulously car ful to have none but Alliance m< present and newspap)er men were all e: eluded. A report that purports to s: forth what the debaters said has bee published, and if it is correct, it was 1 doubt furnished by Gov. Tillmnan hit self, as the reporter was not in the mee ing. The general opinion among Allianc men was that from an Alliance stan< point Mfr. Terrell got the best of ti discussion. There is no doubt that I had the sympathy of the Allianceme with him. The Alliance made a mistake in ha ing this discussion in secret. A goc many who favored secrecy admitte this fact after it was over. A questic of such momentito all the people shoul have the fullest and freest discussic and not be held behind closed doorsi secr et. The Ocala platform including tl sub-treasury scheme was endorse -without opposition after the debate. A formula for an Alliance fertihiz to be known as the Alliancc brand w: adopted and bids for its manufactu: will be advertised for. The followir is the formula: Four per cent. of an monia, nine per cent. of phosphor acid and two per cent. of potash. It wvas decided to hold a conventic of representatives from all the cotte growing States in Atlanta on the fir Wednesday in September to discun the cotton problem. The followir are the commissioners fre 'in the All ance in South Corolina: D. P. Du' can, Union, chairman; E. RI. Walter Orangeburg: J. R. Harrison, Greel ville; W. N. Elder, York; W. S. Ban berg, Barn well: G. P. Davis, Clarei don. The following delegates to the N: tional Alliance were elected: J. V Stokes, E. T. Stackhouse, W. J. Tr bert;;alternates, J. L. Keitt, D. P. Du: can. Columbia was selected as the place1 hold the next annual session. STATE EXCH-AN(GEI. Several meetings of the truste stockholders wvere held. They electe the following board of directors : From thbe State at large-J. A. Sligl of Newberry; D. P. Duncan,.of Unio: First District-G. W. Younginer, Lexington. Second District-W. I Timmerman, of Edgefield. Third Di trict-J. 3M. Glenn. of Anderso: Fourth District-John R. Harrison, Greenville. Fifth District-R. L. Hic1 lin, of Lancaster. Sixth Distrit WV. Ferguson, of Florence. Sevent District-George J. Graham, of Wi liamsburg. Thle board elected J. A. Sligh, Newberry, president; W. H. Timnme moan, of Edgefield, secretary: and J. V Fergtuson, of Florence, treasurer. 31. L. D)onaldson, of Greenville, w: re-elected business agent of the Sta Exchange and for the p)resent the E: change will remain at Greenville. It was said that M1r. Oswald Wilso: of New York, was before the truste< stockholders in the interest of that pr posed ten million dollar scheme for ti establishment of co-operative stores L the Alliance, and that the propositic was favorably received by the truste stockholders, but the members refuse to give out anything at all, except th: M1r. Wilson was present. The members of the Alliance treate me with great courtesy and kindnes and I have no word to say agamn them. The order, I think, is a got one and can accomplish much good the farmers. I do dorse all tI the men * fson praet 'ia) of th:em. and. Iind1 relief in 5.>n else, as the-y wii!, the orderV will accon plish great' good.-1k-fore this is do: some of the extremie leaders will hra' to he unl oadhe. Thre ses-in is said to have been very pleasat, harmIonius and satisfa tory oe it wa- deld that newspaper mE wvere ineligib to xrmenibershIip. 3Mr. ] 0. (;. ):: and Mr. \V-.J. Shelton, wi wer' '1ma.-r fr ,.ub-Allianlces in the . 'vtconties, were refused ai I,'. ih.runid that they we o9.;. no membership by virtue . e :0on. 3Mr. Roboinson, of tI peopl-s Journal, of Pickens Count; wae presfnft and( a' tended the sessio: 'f the Alliance. Why tis difference tlono know. E. H. A. BUTLER VS. STOKES. t THE GREAT SIB-TREASURY DEBATE a IS OVER. e Senator Butler Meets President Stokes In I Public Discussion of the Sub-Treasury tj - Plan-Talbert Talks-The Herald and News Furnishes Full t1 Report To-day. t d The great discussion at Prosperity, between Dr. Stokes and Senator Butler drew the largest crowd that has been e seen since the Tillman campaign. By e nine o'clQck the grove at Col. Young's s was full of vehicles of all description, from a road-cart to a pheton. .New s berry County was there in full force, and it looked as if the Town of New Ii berry had migrated to Prosperity in a body. The presence of several hundred of tIy fair sex lent a charm and inter est to the occasion that a mere political p it or economic discussion could not have excited. At least fifteen hundred peo ple were present, of whom at least three hundred were stalwart citizens of Edge- t field, drawn thither more, perhaps, by t the desire to hear Senator Butler, the d pet and hero of old Edgefield, than C5 d from any special interest in the sub- Il treasury scheme. The utmost decorum, and good p humor prevailed and the crowd stemed tl LS I 'ent on social intercourse and enjoy ient rather than the consideration of p grave questions of State.g - The meeting was called to order 0 . promptly at 1( o'clock by J. A. Sligh, c] ' President of the County Alliance, and Rev. J. B. Traywick led in prayer. President Sligh in his remarks said it was a hopeful sign to see so many r 1; present; that it show they were seek _ ing after the truth, . that the object Z of this discussion was to give them in formation and he hoped they would c give the closest attention; that it was 0 not desired to give the speakers ap- < plause, but to give them an attentive d hearing: to demonstrate that our brain was not in our mouth nor our heels, s but in our heads. There is difference r- of opinion on the sub-treasury, and i hone-t difference. Something was -t wrong somewhere, and we want to find the remedy. President Sligh's in " junction was followed almost to the w 's letter. r PRESIDENT STOKE'S SPEECH. i. t- President Stokes said: "I esteem it c d a high privilege to meet with citizens a of this county, and to speak to them. S I am a native Carolinian and feei that a r every other Carolinian is my brother t] and compatriot. I am glad to meet o y with you and give you such conclu- o d sion as I have arrived at in the study w of the gtreat economic questions of the o e day. iThis large audience is a hopeful r. sign and this is to be an intellectual s] - and quiet presentation of facts and ar- p ' guments. The Alliance has been criti- p e cized very largely for not having its u discussions in public and I will only v i- reply to that that this andience to hear a e this public discussion of an Alliance n measure at the instance of an Alliance man is sufficient answer. So far as the b Alliance is concerned the State Alli- ti c ance has settled this question of the sub-treasury plan by adopting the ' Ocala platform which embraces this demand. The Alliance is not opposed a to public discussion. It has now set ie tied its family quarrel. Senator But- 1 ler was invited to discuss this question I by myself as head of the Alliance in f this State. I had expected to be else- C - where and had expected Mr. Living- 0 ston to discuss this question, but as Mr. I Livingston is not here on account of f Sinability to get here, I will take up the 1 debate. SHe trusted that the audience would t] t remember the instruction of the Coun. c u ty President and give both speakers a E careful hearing.Wt this introduc- a -question. 3 - He said the Alliance announced as one y of its demands the sub-treasury scheme ta by which nonperishable farm products ~ ~are to be stored and treasury notes d issued upon thenm as a basis. There are eC a good many reasons I would submit e eC in support of this scheme* but as my t a strength will not permit me to cover e the whole ground, I shall only ask C your attention to some of them. . d~ The first I would assign is admitted 12 Sby all financiers and does not need b2 I elaborate argument, and that is that a d the circulating medium is insufficent n n and needs to be increased. e aThe second proposition I will sub- 9 mit is that thie price of commoditios V e bears a definite relation to the volume of E dthe circulating medium and regulates si the price products will bring when t r plcaed upon the market. As authority a s5 for this proposition I would give Adam V e Smith, the father of political economy, b2 gStuart Mill, Clay, Calhoun and 2.5 or f 30 of the ablest writers on political b2 c economy. If I were to look elsewhere a1 for authority on this point I would ap- 0 apeal to the common sense of the farm- " ners to sustain it. He illustrated this Y t point by the man who had a horse to a s sell that was worth $2.50 and if there a was only $1.5( with which to buy it of ti course he could not get full value for I Shis horse. If you cut the circulating s 'medium one-h~alf you reduce the price h2 Sof commodities one half. c; SSecond. Not only does the currency si Snot bear the proper relation to business, 12 but it lacks one quality which the Far- c 1mers' Alliance was the first to promul- p .gate and demand-and that is the qual- k - ity of elasticity. 1 might show from a - process of reasoning that there was it need of iL. During the fall season the r o0 entire and accumulated labor of the ag- o riculturist for twelve months is to be si marketed in three months. Even if fl the volume of currency flowed in its c regular channels it would not be suffi cient to meet the exigencies of the sea- t son. When we consider the fact that c ~the total circulating medium is only d SI ,3S), 000,000 and that six corporations g and ten men can control $1,000,000,000 r< at any time and produce an abnormal 1< c* ondition, we see the need of a flexible 0 currency that can be controlled by the ti farmers. Trhe want of flexibility af- u fects every body in business. tl IThe p)urpose of this scheme is not 12 -solely to benefit the farmers, but the ti principle is as broad as the couiitry and t] I need only call the attention of busi- r< ness men here to the cramped condi- a -tion of the monev market in the fall. sl It is especially lhurtful to the farmer b2 because he must labor and wait 12 E s :onths before he can put his product on the market.1 -The. men vho conti ol the money ri know that the vast amount of farm n products must be marketed and they put the money out of the way t and the farmer must sell upon a a falling market. It is not designed to raise the price of farm prod. cts bu t to p -protect against this abnormJ. condition ) of things. c tTher are three classes of prod ucfs: 9 Teminers, manufacturers antagri- e dculturists. Only the agricularist is a I producer inthe strict sense-,f thetem y He plants one bushel of [rain and har- t: vests ten. This represents an actual b2 0creation of nine busels. oThere are two y:avs of ever.ine up b2 things when tle areunequal-to sub- v C tract from ine "larger or add to the r .smaller. / ' P Men'fhop own United States bonds ha awt tea privilege of depositing I a; t .sewiththegovernment and having eoney issued upon them as a basis of b2 security. We dare not take away that a privilege,~ for it would deprive us of the t whole basis of',the circulating medium, b2 and the only thing left for us to do b2 n is to extend that privilege and put the a~ - farmer upon an equal footing. Some a argue that it is unfair t 'ie other two r ir classes of producers,but as f have shown C they are not pi oducers in the strict sense ~ e of the ternm, and then they can: put 12 f their products upon the market every b2 e muonth in the year. They are pro- a 'tected both by natural law and by t is ttute law. This sub-treasury scheme is to put 2 tefrerm upon the eame footing d s others, provided always they ca. ive as good security. Mr. Stone, edi >r of a New York commercial paper dmits the need of a more elastic mon v while not endorsing the Farmers liiance ideas. He proposes State ,anks of issue under proper restric ons. The:objection to this plan, however, ib iat the same men who now contro he currency would still control it. I o not claim him, as has been reported s a convert to the sub-treasury plan, ut his idea as to the need of an elastic urrency is the same idea advocated y the Farmers' Alliance, under the ime of a flexible currency. He ih redited as being one of the best autbor ies on'finance. We are not wedded;tc se sub-treasury plan. We would wel ame anything that would give the eeded relief. Some one asked for an explanation f the term flexibility. Dr. Stokes re lied that flexibility means such a uality of currency as, when the pro uce comes to be marketed will be in eased and run along parallel with the emands, and willi never go beyonc aem, and will thereby remove the vils of contraction. [ have r>r.ve i the currency i- insufli ent and needs to be more elastic. No? ow are these two needs to be sup. lied? First, by the issue of "fiat' loney, which is based on nothing bul e power of the Government tt av. He claimed that Calhoun in his reat speech of 1837 advocated the ides f"fiat" money. One objection to cudency of this baracter is that it has no basis but the ower of the Government to tax. The only other plan is a paper cur ncy based upon something of value Ve have already gold and silver cer ficates and National Bank notes. 'here is no chance of increasing the urrency from these sources. Already ixty millions of gold have been taket ut of the country in order, as I believe, > prevent the Government front re eeming the bonds which fall due is eptember. If all the gold and silver a.ailablc ere coined into money, it would nol crease the currency more than on( ollar per capita per annum, and al is rate it would require forty years to each the per capita of circulatiot rhich we demand. What remains as the basis for the isue of an increased volnme of curren, v? I can see nothing else sav lonellands and products of the country, ome other basis may develop aftei while, and if they do and prove bettei de Farmers' Alliance is bound to ac apt theni. Objections to State bank. f issue is that the notes of such bank: ould not circulate at par, perhaps, ir ther States. I just wish to ask why the farmie bould be discriminated against. Thb roducer of silver and gold.deposits his roduct in the warehouse, or the treas ry, and has money issued on it. Ther bhy should not the farmer deposit his rhite staple in the warehouse and havt ioney issued on it. Dr. Stokes spoke about one hour is is opening and was given an atten ve hearing. SENATOR UTLER'S SPEECH. Senator Butler was then ititroducec nd spoke as follows: Mr. Chairman, fell^n citizens anc tdies of New berry County. LA voicc the crowd, "Don't leave our Edge eld, there are some of us here. j Butlt ontinuing. "I have seen a good m "1 f you hereto-day. I join most heartily 2 the expressions which have faller com the distinguished speakers whi .ave preceded me in expressing my ratification and satisfaction that al. Le people of this county, farmers, mer hauts, professional men and labormns len, are awaketing and taking a deel nd profound interest in public affairs gitation never alarms me. Wher ounger I rather liked it; and now] elcome with gratification the fac1 at the people all over this State and ountry are waking up and taking eep interest in their public affairs. My experience has been that when ver a question .is argued fairly and ruthfully before the people they gen rally decide right, aud therefore I re iprocate cordiallytbe sentimentswhiclJ ave fallen from the gentlemen whc ave preceded me. I want nothing ut the light and nothing but the truth, nd the people of South Carolina want otmng but that, and with nothing Ise will they be satisfied. I supposed then I accepted this invitation that i as to address the people of tbis corn nity upon what is known as thi b-treasury scheme of the Alliance at I would be confronted with ai rray of argument in favor of it that rould put me to my trumps to meet, ut af'er hearing the address of my riend I will say to him what one of his rother Alliancemen said to me after t hour's conversation on the train the ther day. He said, 'Senator Butler, e are not so far apart after all.' . ield to my friend in the main all thal e has demanded on behalf of the Alli nce ex:ept what he chooses to state a: e sub-treasury plan of the Alliance. propose to take issue with him it >me of his economic views-some o1 is enunciationis of doctrine of politi. d economy. I do not know for in :ance that I could agree with him it is saying that the relation which th( urrency of the country occupies to roduct regulates prices. I do not now that that is .-ound doctrine. o doubt it has something to do witi but there is another factor whici lays an important part in the mattel price and that is the question o1 .apply and demand. If we h'.d not made 9 million bales of cotton last yeai atton would bring a highes price. Vhy? Because the supply was greater aan the demand. If there is a largi arn crop in this country it is going own in price because the supply is reater thani the demand. So witi ference to a large wheat crop, tbh lentical reason applies. It is true no1 nly of agricultural products, but it is rue of mining, pig iron and man ufact ring products. One advantage thal e manufacturer has over the fa: mei this, when they find by their produc on of the manufactured article that ey have more than they can secure mnumerative prices for they shut dowr ud stop work. So it is in the mining, :ock raising and every department oj fe. Trhe question of supply and de land has something to do with it. Jos. L. Keitt enterruipted Senator tutler with this qucstion: "Does tbi ale of supply and demand apply to 2oney as well as product?" Senator Butler: "Yes, I answera ousand times yes." (,Voice, "Oc ead Senator, you are right."] It is dniaiid by those who are op osei to free coinage of~siini~, by thosq ioare opposed to the increase of the arreny per capita in this country that I0 per cent. of the business of the Duntry is (lone by check, that is to sa owe you $100i I give you achecs for it on oe another mnan that amount anc ransfer the check by endorsement tc m and perhaps before that checi ets to the bank for redemption it may ave paid a $l,i 00J debt. That argumen then first presented to me by an oppo ent of the free coinage of silver rather truck me dumb for a moment. I saic av friend that is a deceptive and mis iading argument, in this that a mat rho can give a check must have ank account. How many millions of people in his contry who have never seena ank, but who transact their business y actual delivery of the money. Suel: n argument will not stand the test o: nalysis. I said to him that the argu aent advanced that we have $22 pei apita in this country i.e also a mistak' misleading. According to the igest estimate made there is but on' lion five hund-ed million currency 11 told in this c.untry for the transac ion of the business of 65 million people hat puts it about $22 or S23 per capita nd when I got up in the Senate anc eanded to know how mnch of thal _2 per capita is stored away in the . - S. treasury and the banking institu tions for redemption purposes and not in circulation a &d what itwill reduce the circulation to they said they could not tell exactly. One Senator, a Republi can, made an estimate and reduced the circulation to about 600 million. I think he was too low. My estimate is that there is about $16 per capita in circulation. I agree with my friend that there is sciething wrong. The question is to find out what's the mat ter; to diagnose the case correctly. I think that the difference between me and my friend on the sub-treasury mat ter is that they are treating the wrong organ, and the remedies that they sug gest are not the remedies to cure the patient. 1 do not denounce every man who is in favor of the sub-treasury as a fool, and I do not want any one to so de nounce me because I am opposed to it. We all have a common interest and can't afford to allow an intolerance of diflerence of opinion. I have brought with me official copies of the bills which were introduced. I understand my friends to say that the bills are not under discussion, that the sub-treasury plan is under discussion. How in the name of heaven ani I to get at the plan unless I read the hill? It is the bill I am opposed to: my conscience and my judgment will not permit me to approve of it. Before I proceed to discuss the bills before me, I will indulge in a few pre liminary remarks as to the structure, scope and power of this popular form of government of ours. There is not a man in this vast audience who has not within his nature a principle amount ing to an instinct, of home rule and local self-government. Senator Butler then went into a dis cussion of self-government and the rights of the States, and the instinct that would not allow interference with local domestic affairs. The application - of this principle was made to show the relation that the Federal and State governments sustain to each other, and argued that this bill offended that doc trine in his judgment-the doctrine upon which-the very bed rock and foundation-upon which our popular government is built, and, said the Sen ator "the more you encroach upon it the more do you threaten the preserva tion and the perpetuity of popular gov ernment and Republican institutions." The speaker then read Senate bill 2'Shl. The first section contemplates the building and organization of ware houses in every county in the United - States, and there are about 2,900 of them. Every county which produces agricultural products to the value of $500,000 shall be entitled to have a warehouse built within that county. The speaker argued that this showed discrimination as some of the counties did not produce that much and could not have warehouses. Paragraph second of bill reads that a 100 or more citizens of said county shall petition the Secretary of the Treasury -"this," said the speaker, without considering remainder of section, "says you shall petition the man whose func tion it is to be the custodian and dis burser of our public money. Now, you make him dabble in agriculture. You Imu:t give the land upon which the warehouse is built to the government for all time according to this bill and if the warehouses or any of them should be abandoned the title is is the gover'nment. "To establish a United States agriculturai depository and ap point a manager thereof"-whom do you suppose the Secretary of the Treas >ury would select in Newberry for this position ? I know pretty well who he would se lect in Edgefield-a mulatto. L[Laugh ter.] Tfalbert inturrupting said :"Vance put the latter clause to section 1. sub division 2. in the bill himself in order to cry out against the unconstitution ality of it." Butler : "I will come to the uncon stitutionality part of it myself directly. I deal with the record as I find it. If -that-provision had been injected in that section as a light from heaven it would not haLve made it any more acceptable -to me." [Cheers.] ITalbert : "It is the objectionable feature I am speaking of." Butler : "I am glad my friend agrees with me about that. We are making progress and before I get through he will be with me." [Laugh-1 Iter and cheers.1 Talbert: "No, you are getting on -our platform." Butler: "If I am not driving a six teen-horse wagon through your plat Iform, I never saw a wagon." [Cheers. Voices-"Rub it in, General. Go ahead.] The Senator theni discussed section 2, 3, 4, and 5 of the bill. This bill gives the manager the right to grade the cotton and p)ut the price upon it. He alone is the final ar bitrator. What right would the poor man have or, for that matter, any man? -If you were going to store cotton and should n< be on good terms with the manager, what good reason would you have to expect justice at his hands ? If he felt disposed, he could grade you -down. When do we want miost money and when :is money !scarce? Why in the spring and summer at the very time that, under this bill, there would be a contraction. Then this bill proposes to appropri ate fifty million dollars to put up wvare houses or~ to issue not es, and the same objection could be urged to it, on the ground that was urged against the Force Bill, that the amount of appro priation fixed in the bill is too indefi nate. Article 1, section 0, aarp ,o the Constitution say thaagapno mof shall be drawn from the treasury but in consequence of appropriations made by law. The Constitution is in the way of issuing money direct to the peo ple except by appropriation and wvhy was this provision put there? It was by the wisdom, sagacity and fore thought of the framers of that wonder ful instrument, and was meant to throw the responsibility of appropri ating the public money where it prop erly belongs and w here it ough tto be on the representatives of the people. This bill would niot stand before the Supreme Court. At this point Mr. J. L. Keitt asked .how about the loan to the cotton expo sition at Newv Orleans? Senator Butler replied that lhe was glad that question had been asked, and in reply said that the money for the Cotton Exposition at;New Orleans arid the Exposition at Philadelphia was by an appropriation of Congress, and could V,. ye been obtained in no other way, and was made under Ihe genieral weifare clause-that clause that Mr.1 Garland calls the blanket clause of the -1 Constitution. Only by an appropria-1 tion can any money be taken out of the treasury. Trhe Secretary of War can't lend you a tent except Congress < authorizes it.1 Don't think Mr. Calhoun ever con-1 templated lending nioney out of the< treasury direct to the people. His sub- 1 treasur'y scheme was a very differenti thing. There are sub-treasuries estab-i lished now for convenience in collect-4 ing imports, and Mr. Calhoun's idea3 was to let these issue treasury notes for convenience in paying off expenses, but jiot for the purpose of lending the3 money to the people. 1 What would you t' Mk of a proposi tion to lend money out of the State treasury at 2 per cent. to the people arid for the State to take all risks, sustain all losses and make them good by taxing the people. My friend says this scheme was not intended to give special privileges to: the farmers. God knows if it dont do that then I am more opposed to it than: ever, for if there is any class that need : special favors it is the farmer class. IThere are three classes of people. One:i class nenernorow nor lends A nother1 :1ass has made money and does not -are to invest it in mules and lands, but )refers to lend it at a reasonable rate of nterest. There is still another class, to wvhich unfortunately I belong, and that s the borrowing class, but because I elong to this class I don't say the man who lends is a rascal. This latter class may be divided into three classes. First i. itn may find that he can make money by speculating and pay 10 to 15 per cent. for it. He is successful and pays it back. Second, another man Jorrows, say at S per;cent., and misfor tune overtakes him and prevents him returning it, although he is honest and xants to return it but can't. The third lass is the man who will borrow at mny price and never pay back and ever intend to, and as a rule it is this atter class who are wanting money at ne per cent. At this point Mr. J. L. Keitt asked enator Butler if the government didn't end money to natioual banks at one per cent. Butler said: "No, sir. National banks buy theii circulation from the governmenr. The I per cent is a tax in ddition to the privilege already paid for thir circulation." Senator Butler then gave a brief his tory of national banks and the necessi ty for their establishment under the then existing circumstances. He said nid they were organized to meet the aecessity of an emergency precipitated by the war. Personally he was op posed to national banks because he be lieved, being organized during the pros :cution of the war, they were intended :o subserveja temporary purpose. [At his juncture Mr. Keitt again renewed ais question, and Senator Butler be 3oming a little riled, replied that he ,ould furnish the facts but he could not .urnish the understanding to compre aend them.] My friend says that 60 million dollars of gold have been taken )ut of the treasury and sent to foreign ,ountries, and that the treasury is leplete and that this money has been 5ent off to keep from paying the bonds :hat mature i September. I say to uim that the cause of the depletion of he treasury is the extravagance of the ast Congress in appropriating one bil iou dollars to pay pensions, and other ppropriations. That is the cause of the shrinkage in the treasury. Senator Butler then said that he had ome suggestions to offer as a remedy or the disease that was admitted to :xist. First. As an amendment to tie sub reasury bill he would offer as a subst: ute the striking out after the enacting lhuse all the provisions and the sub titution of the Mills bill, which pro ided a reduction of taxation of from 37 to G0 per cent. ad valorem to some thing like 40 per cent. The Alliance tad their men up there at Washington :o look after the bill, but no man ver approached me and asked me to imnend it, and it never came up before the Senate and I had no opportunity :o offer any amendment. Some one ;aid tariff didn't hurt. The Senator replied that the duty on cotton ties had een raisea from about forty to 102 per 3ent. ad valorem. The second remedy he would offer would be a reduction of the expenses )f the Government. Instead of spend ing one billion dollars as the last Con ress did he would reduce the expenses ust one-half and the government sould get along admirably with that 3mount. The third remedy offered by Senator Butler was the repeal of the ten per 3ent. tax on State banks of issue and tet State banks be established, and this was no new idea of his, but he had ad vocated it as one of the first official ets of his life as United States Senator. He would go one step further,if he had he authority, although that could not be done by statute. He would not per mit :'nt ten acres of cotton planted to :ht. ?.mule, and would require tbe farm ars to raise their own provisions at boe for the next three years and in Lat time, under this policy, they would have tbe whole country at their knees. The farmers would be the hap p>iest, most independent and contented eople in the world. If the farmers ire not in such condition it is their >wn fault. Capt. Jno. F. Banks asked Senator Butler if the sub-treasury was the only lliance demand that he could not en Jorse. Senator Butler rep)lied. that it and :he government ownership of rail roads were the only two that he con sidered as not good Democratic doc rines. Some one suggested that the de mand p)rovided ownership, or control. 'be Senator replied that efforts had >een made by the interstate commerce law to control the railroads. The more you can divorce the people from the overn meat the better it is. Some one asked Senator Butler about :he third party, and his reply was that here was no room in this country for i third party and that there can only be two parties. When I hear gentle en talking about a third party in ;his State, I am almost overwhelmed with pain. The Senator then paid an loquent tribute to the Demo ratic party, and said it repre ented home rule and local self government, and he also gave a rief history o f parties in this country. He thought that with the next Con ress 140 Democratic majority, and the senate alnmost equally divided, and ood prosp)ects of a Democratic Presi lent, there would be opportunity to give the Democratic party a fair trial. Senator Butler spoke for nearly two hours. He was enthusiastically re eived and seemed to have captured he crowd from the very beginning. When his time was tup the crowd in isted that he should go on, and as the eople were so anxious that he should 3ontinue, Mr. Sligh told him be could ~xced his limit of one and a half hours. He wvas constantly interrupted by luestions, but always was ready with m answer to his questioner. One man in the audience was con ~tantly plying the senator with ques :ions and amongst orhers asked what :he Democratic party has done in the ast twenty-five years. Senator Butler replied: "My friend,if you have been living so far in the back woods that you don't know what the Democratic party has done, you had etter go home and try to learn some hing. I think, in fact, you would make a first class leader of the third art.y." The senator was frequently greeted ~vith applause and seemed to have en irely captured his audience, and the any questions caused his speech to ake somewhat wider range than it therwise would have done. DR. STOKES IN REPLY. Dr. Stokes in his reply to Senator Butler was interrupted by the rain, >ut his speech was largely in reitera ion of, the position taken by him in he opening. He said that he con ~essed to some disappointment in the ange the Senator had given to thte dis ~ussion. He did niot understand that :hey wvere to discuss any bill, but that hey were to deal with the broad prin ~iples underlying the scheme as con ained in the Ocala platform which Dr. tokes read. That being the case Dr. stokes claimed that he would have to iminate most of what Senator Butler aad said. He thought the Senator should have ;iven the details of the plan he pro. :osed,iasmuchj as he devoted so much :nme to the discussion of the details of ibill that the Alliance considered He controverted Senator Butler's po sition on State banks of issue. and said f experience was wvorth anything we ught to know that they wvould have Lo be adopted with great caution and arefully scruticized. They would not give a uniform cur rency, and this plan does not provide For a flexible currency, the very thing ;he Alliancc is wanting above all thers. Free coinage of silver did not touch the question. .......... We did not want a financial system that would suit the fine financiers of the country, but one adapted to the use and benefit of the great mass of the people. Tbe plan was to eliminate the specu lator, contended Dr. Stokes. Senator Butler interrupted at this point and said that as long as human nature remained as it was, men would speculate, and when they ceased, he would think that the millennium had begun. Dr. Stokes contended that the pro ducts of the soil are virtually the bases upon which all the commercial world transacts its business. He then quoted from Calhoun to sus tain his position, formerly taken, that Calhoun favored the sub-treasury scheme, but the rain began and he went no further, and Mr. Sligh adjourned the meeting for dinner, and announced that Mr. W. J. Talbert would speak after dinner. TALBERT TALKS. We did not remain to hear the speech of Mr. Talbert, but understand that he undertook to reply to Senator Butler also, and was rather unfair and unjust in his strictures, inasmuch as the Sena tor was not present. This gave two men the reply to his speech. We do not think we ever saw an au dience give more careful attention to public speaking than the one at Pros perity yesterday. Every one seemed to be anxious to hear and learn and get at the truth. This we consider a good and hopeful sign. The people want to know the right and will do it when they are con vinced that it is the right. This is a big and important question and it would be a good idea to have the mat ter discussed intelligently and dispas sionately. Some gentlemen, who heard Mr. Talbert and conversed with him after wards say that he expressed himself strongly in favor of the Alliance de mnands-so strongly, in fact, that if they could not be secured through the Democratic party then he would be in favor of the Alliance demands in some other way-the formation of a third par ty. for instance. Well we do not believe the people of South Carolina are exactly ready for that step though they may be. These are strange times. The Herald and News has exerted extra efforts to get-up a full report of this meeting and give, as far as possible, an impartial one, without comment. ANTI-"SUB"-ALLIANCE MEN. Call for a State Convention Opposed to the Sub-Treasury Scheme. JACKSON, Miss., July 28.-V. S. Mc Alister, by authority vested in him as a member of tie Southern Anti-Sub treasury Leage, recently held at Fort Worth, Texas, issued a call to-day for a State Convention, to be held in this city on August 19, to send delegates to a national convention of Alliance men who oppose the sub-treasury scheme and the Third Party. The call invites all opposed to Ma cunism and corruption, and denounces political lepers who are seeking to divert order from its true course. Mc Alister also to-day promulgates a letter from McDowell, of Pennsylvania, writ ten in December last to a promsnent Texas Alliance man named Middleton, in wh'. i he says that Macune was whitewashing at Ocala. FOR DYSPEPSIA, Indigestion, and Stomach disorders, uso BROWN'S IRON BITTERS. AM dealers keep it, Sliper bottle. Gezsuine has rade-mark and crossed red lines on wrapper. GRAND EXCURSION! ON THE NEW ROAD ! Monday, August 17 ! Clinton to C~Is8ton! 4GRAND AND GUOD TIME ?,is guaranteed to all who will go. Train will leave Clinton at .5 a. in., and returning leave Charleston at 9 p. mn. Fare for round trip: Kinards $2.90; Gary's Lane $2.85; Jalapa $2.80; New berry $2.75; Prosperity $2.60. Slighs $2.35; Little Mountain $2.25. TraIn will stop at all stations along the line. You will have ten hours in Charles ton, which gives ample time to visitithe Islands and all places of interest. Good order will be preserved, and especial care will be given the ladies. Separate coaches will be provided for the colored people. H. A. DICKERT. . B. P. M EETZE. }i8wle8mj COI1808, NEWBERRY, S. C. NEXT SESSION OPENS OCTO ber 1st, 1891. and ends June 1.5th, 1892. Expenses are as follows: Board $9 amonth. Other necessary expenses,$2 to $0 a month. Total expense for session $119.50 to $149.50. Board from Monday noon to Friday noon, $52.5 a month. Ministers' sons are given tuition at half rates. Complete Business Department, in which are taught Book-keeping, Teleg raphy, Type-writing and Short-hand. Expense of 4 months' session, $65 to $5. For catalogue or other information, write to G. W. HOLLAND, President. ROAD NOTICE. OFICE OF COUNTY COMM3ISSIONERS, NEWItE RRY, S. C., July 28, 1891. A LL OVERSEERS ARE NOTI tied to put their sections in good condition at once. They are also duly notified that the County Commissioners intend to enforce the provisions of the law as to the manner in which the roads are to be worked, and as to mak ing returns after each working. By order. G EO. B. CROMER, Clerk. JERSEYS FOR SALE. FW CHOICE HALF AND .E three-quarter Jersey Hiesfo No. 1 cows, also two thorough-bred bull calves, for sale. Write or apply to S. J. McCA UG HRIN, Innisfallen Dairy Farm. Notice of Final Settle ment. I WILL MAKE A FINAL SET tlement on the estate of Ida E. Crooks nec Counts in Probate Court of Newberry County, S. C., on the 17th day of August, 1891, and immediately thereafter apply for final discharge as guardian of said estate. WM. H. L ANE, Guardian. July 15, 1891. st. OFFICE OF COUNTY COMMISSIONERS, 'W 3ERRY, S. C., July 21, 1891. A W~ BER OF THE BOARD of t Commissioners will be at Chappells t12th, at 10 o'clock, to let the cont building a bridge across Saluda t that place. Plans and specifi 1 be made known at the time a med. Bond with approved 11lbe required. And the right to reject all bids. By order of the Board oi County Commissioners. GEO. B. CROMER,1 Chrk. lour Suiui8[ WAE STILL HAVE ON HANI , OF spRING AI CLOTHINC, AND GENTS' FUF WHIGH WE WILL 91 QUR STOCK OF THIN GOC LLPItJ1, SIJILUN?, DRIP CO.ATS A2 :IS IMIN ALL THE DIFFERENT CUT6 NECLICE SHIRT: IN ALL QUALITIES FROJI THE I FINEST AND MOST B OuI Straw Hat Trade WE STILL HAVE A NICE V T O THE LADIES WE WAN OF Z XE G L.E: ARE THE HANDSOME IN THE 1 WE HAVE THEM IN PLAIN TOE IN OPERA AND CON We will close out our entil Clothirg at prime cost from now o before they are all gone. Tours SMITH 8 SPRINC C BLALI CLOTHINI NE WBEK 'THIS SALE W 30[) Now is Youm MINTER2~ THEIR GLEA <x1 SPRING / SUi This is a chance seldom o. genuine bargains. The bah we have marked down to et Straw Hats to be CIot We do not believe in car season to another and if you prices you will be convinced THE SHOE HOUSI We have bought the lar fall trade that we have ev< make room for them, we wi SUMMER STYLES A T GRh Do not miss this grand ci us and we will save you mo MINTE & Sale of Unclaimed and~ Refused Freight. R,Iuxo & DANILLER R CoIAv NEWnERR Y. S. C., J L'Y i6, 1891. T HE :FOLLOWING FREIGHT baving been on hand at tbis agency for over six months unclaimed and re fused, will be sold if not removed on or before Thursday, August 20th, 1891, to the highest bidder for cash: viz. CHfARGES. R. L. Coleman, 1 Grain Cradle..$ 2.5 R. P. Cronmer, 1 Spark Arrester..5 E. M. Evans& Co., 2 Blbis. Vinegar 1.94 0. H.P. Fant,& Son 2 Bbls. Vinegar 1.98 J. E. Prince & Co., 2 Bbls. Vinegar 1.98 W. E. Pelham, 4 Bxs. Medicine 1.54 1 Bbl. Vinegar1 1 Bx. Measures i 2.64 A ull & Houseal, 1 Printing Press..13.28 J. T. McGowan, 3 Trunks Clothes, 1 Bx. Glass, 1 Old Grain Cradle, I Washf Stand, 1 Old Screw, 1 Bx. Fixtures, 1 Pully, 16 in., 1 Bdl. P. Castings, 2! Bales Old Bagging, 2 D. Hides, 10i Bdls. Plows, 4 Spiders, 3 Skillets, i BbI. Oil, 4 Bdls. B. Ends, 4 Bed Rails. W. H. Gibbs, 1 Bx. Casting. WV. S. ROGERS, Ag't. THE STATE OF SOUTH C2ARO LINA, COUNTY OF NE WBERRY -IN COMMON PLEAS. Hamilton H. Folk, et al., ador's, against Elizabeth C. Lane, et al. T HE CBEDITORS OF HAMPTON E. Buzbardt, deceased, are hereby required to render and establish on oath, before the Master, their respective demands, on or before the first day of September, 1891. SILAS JOHNSTONE, Master. Matr'fice 23a red July 1891. i1l1OUqO618' )A SPLENDID ASSOR1 n D SUMMER HOES, HATS NISHING GOODS IL OHEAP FOR GASH DS. CONSISTING OF : II'ETE AND SEERSUKEft TD "VESTS ENSE ! : : ---LONG, 8HORT, MEDIUM. 3 IN PROFUSION LAINEST AND CHEAPEST TO THE EAUTIFUL PATTERNS as BBBII Im ens, lut ARIETY TO SELECT FROM. r TO STATE THAT OUR LINE R BROS. .D TIES sT LOW CUT SHOES OUNTY. S AND PATENT LEATHER TIPS IMON SENSE TOES. 'e stock of Boy's and Children's n. Call early and get your choice sincerely, SWEARN. PrCoIah! F LOTHING DOCK'S i HOUSE, RRY, S, C. ILL LAST FOR AYS. -Opportunity. JMENCED F WAMER GODS. t:> Tred to the public to secure neof ou Spring Clthing - ~ed Out at Any Price. yi gos overa fio e of this fact. ?OF NEWB3ERRY. r car ed, andh inorder to l sell all ATL Y HIIDUCED PRICES. ~arance sale. Come to see A pctfully, JAMIESON,EJ of I.aow Fricess. TKE KEWBERRY 7 Savings Bank TS NOW OPEN FOR :BUSINESS. LDeposits in sums of one dollar and upaedt te rae of four (4) per cent per annum if left exceeding nity odaer sonal, Real Estate, Stocks, Bonds, Col Oatfic,e at WVright's Bookstore for a few days. JAMES McINTS, __ R. H. WRIG HT, Cashier. NOTICE. A N EXAMINATION OF APP LI th rop Training School wil be held Newberry, in the School Comml~ sioner's office onFriday, July 31.ighs equialen to $1.50 for session of nine Applicants must not be less than e ait on -will begin at 9 a. mn., and close at 4A p. U KIB ER County Schoo! Commissioner. DENTAL NOTICE. TWOULD RESPECTFULLY AN- - that I am prepae to meet con petlion in prces and every other respect. Tf~.OHNSTONE,