The Newberry herald and news. (Newberry, S.C.) 1884-1903, November 07, 1902, Image 4
UNCLE SAM'S MONEY BOXe
ANNUAL REPORT OF TOE TREASURER
OF TD6 UNITSD STATES:
Unpreceeented Boldings of Gold and a
Lage Cash k5alarce esn July, 1902, the
Close of the Last Ftscal Year,
ftow the Financial Strength
of the Government.
Ellis H. Roberts, Treasurer of the
United States, Washington, D. C.,
in opening his annual report, says
that the magnitude of the available
cash balance and the unprecedented
holdings of gross gold are the strik
ing features of the condition of the
treasury at the close of the fiscal
year 1902.
The avaiable cash balance in the
treasury July-1, 1902, was the largest
not balance in our history. It
amounted to $382,187,361. The gold
reserve is counted in, as it is availa
ble for the redemption of legal ten
dbr notes. Nearly one-half of the
available cash balance July 1 was in
gold, n sand eertifieates, $103,801,
290 over and above the gold reserve
of $150,000,000, and by October 1 it
became $18k6124,77L A a meas
ure of the financial strength of the
government, the report says, the fact
deserves - mention. By October 1,
1902, the available cash balance,
i1naive of the reserve, was $221,
258,894, and, owing to the large
measures for the relief of the money
market, it was reduced by Noveinber
1 to 206,421,870. Of this sum
$146,885,012 was in national banks.
To the general stock of money in
the.coubtry an addition of $80,198,
."681 was made during the fiscal year.
Of this $67,95227 was in gold coin
and bullion. There was also an in
c rease of $19,735,259 in standard
-llars and of $7,360,991 in subsidi
&ry silver. United States notes re
maino iader, the law unchanged.
Treasry -notes fell off $17,783,000
.'4Ntionial bank notes received an in
eremement of $2,851,589.
The gold coin and bullion October
1 exceeded all other kinds of money,
uceluding nzational bank notes, try
~200,68,433, In five years the ratio
etZ o gold in tecountry to total cirou
k ann haasun up from 36.52 to 48.45
Sto the hundred.
Tbegro1idh in the rolume of money
ia iisdaion during the year was
$$82,589, carrying the per capita
romi 2798 to 28:43. -The element
of gold bein and gold seertificates
was the largest part, and the increase
- eaebed $81,966,174 and advanced
from 40.30 per cent. of the total to
* 41.73 per cent. In silver-of all denom
inaion including certificates, there
wasinoreseof $25,226,146, of which
$6,486,014 was in subsidiary coin.
__ The reduction in treasury notes of
$17,877,800 is due to their with
drawas.
.The advance in cireulation in the
volume of gold, includdng certifi
ektes, within twelve years by the
large sum of $433,703,576, is the
measure of the greater strength of
our circulation. The addition during
the past fiscal year wras $81,966,174
The increase in the futitre can hard:
ly be .less than $50,000,000 to $60,
000,000 a year. The mines, the re
port says, are thus confirming the
gold standardteadily and invincibly,
_ and it adds: -
"For the immediate present, and
* . doubtless for a few years at least, the
inflow of gold will be in such large
measure as to lift the volume of cur
4-A' renej to the highest level of all needs
of business. Our currency keeps
more than equal pace with the pop
ulation. On June 27 the gold : r
tificates outstanding for the first
time exceeded~ in volume the United
States notes, and were $347,179,089.
'~- By Noverchor 1 they were $367,078,
5ti9.
-"The gold in the')reasury keeps
in active circulation as currency the
certificates aissued against it, and,
rs~ moreover, $346,681,016 in United
- States notes and $30,000,000 in
treasury notes, or over $140,000,000
more than its own value. The ques
tion may well be considered whether
the, United 3tates notes may not
properly be turned by Congress into
* goJgl certificates. They have much
that quality already and the change.
could be gradually made as the sup
- ply of the ye'llow metal takes on
greater proportions.
"The demnands of thbe people for;
notes of small denominations have
surprised the closest students of thbe
currency. In 1890 there were 37,
065,880 pieces of Goverunment pape r
issued, of the average value of $6 61
In I1902 the issue was 116,6W7,874
- and the average value $4. The fa
cilities for production have been
often increased and now seem to be
sufficient for present requirements.
"The Act of March 15, 1900,
makes it the duty of the Secretary of
the Treasury to maintain the parity
of value of all forms of money issued
or coined by the United States with
the gold standard defined and fixed
by that law. This parity has been
and is now easily maintained, and
all kinds of Government money are
exchangeable with each other.
"The inow of gold certificates
of $20 and upwards, is the key to
this maintenance of parity and inter
changeability of all kinds of Govern
ment money. On the other hand,
small denominations, including silver
coin, are constantly in demand for
the myriad transactions of retail
trade and the current uses of rural
communities, as. well as for pay rolls
in furnaces and factories and har
vest fields. The treasury in recent
years, continues the report, has
heard -much more clamor for silver
and small notes than for gold. It is
now abundantly able to meet all calls
for every kind of money for its own
obligations, for redemption and for
legitimate transfers. As a result of
the movements which have been
noted our Government paper corren
cy is gaining in simplicity. Gradually
all large denominations are becom
ing gold certificates and the smallest
silver certificates, while in time all
$10 will be United States notes."
HALL DEVOTED TO Sie.NCE.
John B. Clevelad's Liberal and Appropri
ate Gift to Wofford College.
[News and Courier.]
On Friday last Mr. John B Cleve
land, of Spartanburg, addressed a
letter to Dr. Carlisle and ProL Do
Pre, of Wofford College, saying:
It is my intention to build on the
campus, site to be selected by you, a
hall to be devoted to science, and
present same to Wofford College. I
hv requested Prof. DuPre to take
charge of the matter and get plans
and specifications. He told me this
morning that plans had virtually been
decided upon and I now authorize
you to make necessary contracts in
order to have the work completea as
soon as practicable, though I pre
sume nothing much can be done be
fore spring.
In acknowledging the receipt of
the letter Dr. Carlisle and Prof. Dni
Pre say:
"Your letter with its very' liberal
promise, will carry gladness to tbe
friends of Wofford College and of
eduation in our State. The College
stands on ground once owned by
your family. There will be historic
fitness in an appropriate building on
te campus, associated with your
name. May you live many years to
see the fruits of the generous interest
you have always taken in your Alma
Mater."
There was nothing dramatic about
the way in which Mr. Cleveland made
his gift to Wofford College, but it
means a great deal for the College
and the cause of liberal learning in
South .Carolina, and entitles the
giver to the thanks of all who are
intrested in educational progress
without regard to the particular in
stitution which is theibeneficiary of
his bounty. Mr. Cleveland is one of
the 'progressive men in the State,
and has been one of the active pro
moters or the marvellous industrial
development of Spartanburg. It is
hoped that his example will be fol
lowed by other progressive and pub
lic spirited citizens of the State. He
did not wait until he died to do some
ting for the public benefit. There
are other rich men in South Carolina
who could do as much, or more, than
Mr Cleveland for Wofford College,
or for other institutions of learning
in the State, but they hold on to
their dollars and never respond to
any great public necsssity, except in
the most illiberal spirit. ,If tbey
would give as Mr. Cleveland has
given the College s would all be well
equipped institutions abreast of the
progress of the times.
C rM~OLIN 4-CLI iM8N ROW.
Al ged Charge' to be Made Against Major
Sarmeyer, U S. .t. Uommandant of
the It hmon Cade S.
[News and Courier.]
Columbia, November 3 -A report
was current tonight that the faiculty
of the South Carolina C;llege would
take some ac.iou relative to the row
be wen t be Carolina awd Clemson
s~tudetst on Friday night, the sp -ci
tic statement heit g made that cbargss
wuld be preferred against Major
Sirmey er, U. S. A , commandant of
he lemson adet. Acting Presi
ient Sloan, of the College, stated to
ckight that the matter would be
brought before the faculty at its
meeting tomorrow afternoon, but fur
ther than that he declined to say or
express any opinion as to the case or
the probable action of the faculty.
It has been charged that the com
mandant was informed of what would
pr6bably happen should his cadets
attempt to prevent the Carolina stu
dents carrying their rooster tiger
transparency, and that he said h6
could not be responsible for the cn
sequences if the device were carried
in trades display. After the parade
the cad6ts were allowed to go to the
campus, where a bloody riot was im
minent, but was fortunately pre
vented.
INOUERSOLL INSPIRMS *8N UBE."
A Conversation On a Trin Between 6 n.
Wallace and the Colonel Brought About
the Prodoetion of the Book.
Col. Bob Ingersall gave Gen. Lew
Wallace the incentive to write "Ben
Hur," according to an interview with
the famous writer in The Philadel
phia Inquirer. He had already writ
ten a serial story of the nativity, but
had laid tlhe manuscript away- While
on a train Gen. Wallace met Inger
soil, who invited him to sit down be
side him.
"Well, if you will let- me dictate
the subject, I will," said I
"Certainly. That's exactly what I
want." I took a seat by him and be
gan:
"Is there a God ?"
Qaick as a dash, he replied: "I
don't know; do yon ?"
"Is there a heaven?"
I don't know; do your"
"Is there a hereafter?"
"1 don't know: do you?"
, I finished, saying: 'There, colonel,
you have the texts. Now go."
And he did. He was in a prime
mood; and, beginning, his ideas turn
ed to speech, flowing like a heated
river. His manner of putting .things
was marvelous: and as the wedding
guest was held by the glittering eye
of tbe ancient mariner, I sat spell
bovnd for two hours, listening to a
medley or argument-, eloquence, wit.
satire, audacity, irreverence, poetry,
brilliant antithesis and pungent ex
coriation of believers in God, Christ
and heaven, the like of which I had
never heard. He surpassed himself,
and that is saying a great deal.
"When we separated at Indiana
plis it was a long distance to my
destination, but I preferred to walk,
for I was in a confussion of mind not
ulike dazement.
"To explain this it is necessary
now to confess that my attitude with
respect to religion had been one of
absolute indifference. I had heard it
argued times innumerable, -always
without interest. So too, 1 had read
te sermons of great preachers, but
always for-the surpassing charm of
their rhetoric. But-how strangel To
lift me out of my indifference, one
would think only strong affirmations
of things regarded holiest would do.
Yet here was [ moved as never before
and by what? The most otigt de
nials of all human knowledge of God,
Christ, heaven and the hereafter. He
had made me.ashamed of my ignor
ance; and then-here is the unexpect
ed of the affair-as I walked on in the
cool darkness I was aroused for the
first time in my life to the imper
tnce of religion. And while casting
round how to set about the study to
the best advantage I thought of the
manuscript in my desk. Its closing
scene was the child of Christ in the
cave-by Bethlehem; why not go on
with the story down to the crucifilion.
"I did as I resolved, with results
first, the book of 'BeuHur' and, sec
ond, a conviction amounting to abso
lute belief in God and the divinity of
Christ.".
I Have
Just returned from the North with
a beautiful selection of
Jewelry,
Clocks and.
Silverware,
md invite y on all to inspect them.'
Prices Reasonable.
Your W at ch and Clo"k work solic
ted, and work guaranteed.
Thanking you for past favors, and,
oping f.or a continuance, I am yours9
or the money.
EdnraaradSeliotzan
Jeweler and Optician.
FORn SaM Sores Nuexican Mustang Lir!
FUneA H NES""isjus"t'watyou"n. eseffect
as once, and you wl beboastonished to see how quickly it heals sorfe.
it's thlis way:
You can burn yourself with Fire, with
Powder, etc., or you can scald yourself
with Steam or Iot Water, but there is
only one proper way to cure a burn or
scald and that is by using
Mexican
Mustang Liniment.
It gives immediate relief. Get a piece of soft old
linen cloth, saturate it with this liniment and bind
loosely upon the wound. You can have no adequate
idea what an excelleiRt remedy this is for a burn until
you have tried it.
if you have a bird afBMtdw h Rou& or any
A FOWL TIP. .a"
Liniment. It is calLed a STNUnU remedy by poultry breeders.
SOUT HER lN
RAILWAY
vwx e"sor jrmAerwx
-nsn 5p.aaFUen
NOR TH, E AfT ad WLET.
Svaasba.
.ie S ..aa.mmsess ea mMYmsg.*e
..d Y......a. . ...I mw asa .w as-.
&U i.*WWeU.e W. U. tTI*aes
a w. swWr. - e.. DUan.
Qaw seeagged haPQnSesao
CRACK UOES TH&IW flP
IN COME THE ORD S
SELLS. THE VERY BEST GRADES OF
FERTILIZERS
AT ThE VERY LOWEST COST1
ft pays to fertlika your lands
THE 'VIRUINIA.CAROLI
CHIEMICAl'COMP4
SOD.ve.w..Rn.an. ca. IIIlI Illfl1i1
CHARL.ESTO.. S. C.
"The Largest
Manufaturerof
Forty odd
- Maniufacturing plants
f Wholesale purchasers
.' Largest importers
Concentration of
SM an ag e men t
Te Ladies'Exohange 131e1811m Sjils .
rspectfully inf or ms IS a on. a...........0
te ladies of N ewberry u aubr.........
and vicinity that she
hs opened an Ex- *rjnl~tgs......
ange for the pur
case or exchange of Ia-;r WoIserrn t
!s,cide' n mns'"i ""raau
nde' childen'shing, mends PAINLESS oarue
soicits their patronage. fl llrg book or par
eond hand cloting,ssd willaor sam*e
Pesose onbsneswll at heixcang,iAN on or Co
plweaecll atothe, fis lo r m-1 .ro rst. reet, B
-mxch m ane ge,. mANE AWnta,Go.
Crotwell Hotel, first floor,
between 9 a m. and 4 p. m. Whiskey lIlIli Atlanta. Georgia.
SEABOARD
Air Line Railway.
NORTH: EAST: SOUTH: WEST
rwo DAILY PULLMAN VESTIBULED
LIMITED TRAINS.
iETNEEN SOUTH AND NEW YORK.
First Class Dining Car
Service.
The Best Rates and Route to All
Eastern Cities via Richmond and
Washington, or via Norfolk and
Steamers. To Atlanta Nashville,
Memphis, Louisville, St. Louis,
Chicago, New Orleans, and all
Points South and South-West.
To Savannah, and Jacksonville
and all points inFlorida and Cuba.
Positivelv the Shortest
Line Between the
NORTH and SOUTH.
For detailed information, Rates,
Schedules, Pullman Reserva.
tions, &c., apply to any Agent
of the SEABOARD AIR LINE
RAILWAY or J. J. PULLER,
Trav. Pass. Agt., Columbia, S. C.
C. B. Walworth, A.G,P.A.,
Savannah, Ga.
THE EQUITABLE
Life Assurance Company
Assets Dec. 31, 1901,
$331,039,720-34
Surplus to
Policy Holders
$71,129,042.o6.
Outstanding
Assurance.
$1,179,276,725-00
Absolutely t h e
Strongest Life As
surance Company in
America when meas
ured by its Surplus.
Insures both men and
women. If you are.
not assured, or if you
are not fully assured,
take a policy in. The
EQUITABLE.
ARTHlUR KIBLEP. Ag'ts
N4wbsrry, S. C.
-W HISK EY
or
ALL F ALL
l N 0 S PURPOSES.
Special Brand" Corn Whiskey, $ 1.2
'oula Log' Cor Wiky. 1.5
'vate Stocc,'' 4-qt. ca ..5
'Private Stock," 12q.case .7.0
'HuningC~krye 12-qt. case 7.0
'Old Hunting Cre" Rye 12-qt.
case.... .. .. .....-.-..-.. 10.0
pple Brandy. .. .. .. .. .... 2.5
Charge of 25c. for 1-gaL, 35c. fo
~-gal., and 45c. for 3-ga. jugs, and 75c
or 4 1-2-gaL kegs; whe returned pre
aid, they will be taken back at cost.
J . .SOMERS & CO., Dis.,
TATESVILLE, North Carolina
RESTAURANT!
At R J. Miller's Restaurant meal
aan be had at all hours on short no
;ie. Fish, Steak and all seasonabi
ishes served. The Restaurant wi]
iot.be closed down durmng the sum
ner, but will be in fall blast to serv<
he public with the beet the marke
an afford. Prompt, polite and at
entive servants alwaye glad to servi
I also keep one of the ci >icesti
tocks of Fancy Groceries eve:
rought to this city. Call to see me
Respectfully,
Near Pc,stoffice.
4 mCOLDEN ACE
S E PURE OLD
i MLINCOLN CO.
Min8HIKEY
E,THE DISTILLIERS,
guarantee these goods to be
pure and 7 years old. None
better at any price. We
will ship in plain boxes to
an address, exprs pre
tiller's prices:
5 Full Bottles, $3.45
l0 Full Bottles, 6.55
12 Full Bottles, 7.90
Io Full Bottles, 9.70
Your money back If not as
represented. A sample %4
pint by express prepaid,
for 50e In stamps.
AMERICAN SUPPLY CO., DistillerS,
663 MUSE St., . . Memphia, Tama.
(E Latern Standard Tin e.)
Southbi id. NortLbound.
8th du:e in Effect August 26th 1902
STATIONS.
8 40 am Lv Atlanta (&A.L) Ar. 8 50 pm
10 50 am Athens 6 19 pm
11 55 am Elberton 5 17 pm
12 58 pm Abbeville 4 05 pm
122 pm Greenwood 8 85 VIn
2 15pL Ar Clinton (Din'r) Lv, 2 45 pm
10 00 am Lv Glen:z Springs Ar 4 00 pm
12 15 pm Spartanburg 8 s0 pm
12 2 pm Greenville 3 25 m
(Barns Springs)
1 12 pm Waterloo 2 35 pm
1 4 1. u r Laurens (Din'r) Lv 2 17 pm
22 53 52 85.
Daily Frt Dly It
Ex Sun Es Sun
A.x. P.b. PM. A.N
600 202 Lv Laurab Ar 150 600
610 207" Parks Ar 142 450
640 222 .Clinton.. 130 4 3
6 58 234 Goldville 117 351
708 2 43 .Kinard.. 110 340
717 249 ...Gary... 105 391
726 254 .Jalapa.. 100 322
800 310 hewberry 1246 800
825 321 Prosperity 1282 322
842 334 ....Slighs.... 1223 202
855 339 LzMountain 1219 156
AI.
9 ;5 351 ...Chapin... 129 189
924 357 Hilton 1202 129
929 401 White Rock 1159 124
93i 4 U Balentine 1154 '115
952 417 ......rmo..... 1146 100
1002 423 ..LeapharL 1140 1248
10 30 4 45 ArOolumbiaLv 1120 1230
Pm am
4m55 LvColu=bia (A.c.L.)Ar 11 10
6 20 Sumter 950
'9 20 Ar Charleston Lv 7 00
Trains 53 and 52 arrive and depart from
new union depot.
Trains 22 and 85 from A. C. L. freightdpot
iWest Gervais street
For Bates, Time Tables, or further Informa
I tion call on any Agent, or write to
W. G. CHILDS, T. M. RMRBON,
President. Tram .
J. F. LIVINGSTON, H. M. EMEOa.
Sot..Agt. uen'l Frt.& Pass Agt.
E0olmbia 8. C,. . WtImington. N. (7
ATLANTIC COAST LINE!
CONDENSED SCHEDrLZ,
WIMTN. N. C., .Tnly V SM8
Throuih Trains Charleston to Greenville
No. 52. .N.6
7.00 am-....Lv.Charleston, S.C.....r. 9Ap
1.25 am ...i ..L..... ........n..... ......Ar '6 pm
9.50 ant .....Lv.,..Sumter......._ 5m
11.10 am .....ar.: ......Columbta.......L- A.4t.
12.29 am.....&r..... Prosper1ty.........Lv 2.29f
1242 prr .....Ar ..... .Newberry .......... LT 2.10 PWm
1.25 pm.....Ar......... Clinton.... ....Z.
1.47 pm....Ar.......Lauren........Lv 2.
3.25 pm.....Ar......Greeville.... .Lv 12*pI
3.30 in ....&r ...spartanburg ......Lv 2S pm
FROM COLUMBIA, S. C.
No.53 Arribesnitr 6.5p n-;
Daily 9.15 V n ; Floreice 7.50 a
4 . ..5 p n ;1artsvive 9.&p n ; etts
P M .ille 9.57 m;4jbson16.Wpjmat
a'ilPe .' pmD; W mington Fp*6 -
Rooky N unt. .45an;Weldo,%.50aa "
--U r8b g2 .;lhad.9m
Wf,hin jM7.5 .;-'ew YorkJ.U pw
No. b4 .arriv, u- ter8%jauz; Florene 985
Daiy an Dali igton 1- s ajp; 0beraw 115
t m; W %dtsbol o 2 P0F pntu VIo
A R -.j.. a:, - vain-5 n;Wli
40pn .-i-sytterile 12-36
Mcurt '.RA p1m; Weidon' 4. ;
t r0.mg 6.44 pt.; Biehbnwp
WaFbivgton 1.40 pm; New 7.1J Sm
Pullman bleeping Cars New-'York to Tamp
For rster, cht dul s, etc write
W. J.O C.a.g. -.Pss.At. Wlmngo
CArlsta and Atenv min h.b n
ScheduJe in Eeet July 6, 199% * i.,
te ave Augusta...............0l1 m; 2 55
Arrive Greenwood..........12 44pi m .
Anderson ......... 4-........ 7
''Lan rens...............l4 pi 18930
Waterloo (H. 8.)... I111p m '....
Greenvile. ......-2 22 Pm -93w,am
Glenn Springs...... 4 45 pm ...ie
sprnur......830 p m 9 W &s
Saluda................ 3p w .......
Hendersonvlle..... 6 08 p m ....in
Asheville.............. 7 16 p m a..
-eave A sheville............ 7 05p m .......>J
8Sartanburg4.......12O'0D a il
Glenn,Sp riK g......0 0 am .......
-Arrive Waterloo(H.S8.)... 2 38 p m ...
Greenwood....... ..51 pm. 74 4 -5 .
)Leave Anderson ........ -........... 7%
Augus_........... 50pm 185aut'
O4h4T- oinn bi~.....~..194
3 Newberry..... 12 42.
Cliniton .-....125
3Arrive Greenvill"........ 5p9
3 cpartnbug...... 8
Leave Glenn Springs...- 1000 alis
Sprabr..... 120'jm..
3- Greenvill ........2 5 pm
Arriv" Clivnti......... 22pm
Newbery......... - 106pm
ColumLbia.............40 pm
-Fastest and Best Line between Newberr
and Gree'nville. S. artanburg and G'pe t
Springs:
('onnectio -ep from Newbe ry fia columbia~
New berry and Leurens Railway.
For any Info'mnrtion. wr te.
E RNE$T WI LTIA MS, Ge . Na A gt.
T. Mf. Em' :s. z:. Tramo V"auger. -4
S3LUE RI1DGE RAILRORAt
E. C. BEA4 TIE, Receiver.
In E'e t June 8 1901.
vetyq,tn A ndermsz ard Walhalla.
ARnIvE. LE.
Mixe.. -Mixed
No.9.N j.l12 Stations. Nqo.11No.9
r .Mx. AMx P.MN A. E
310 9 55...........Beon............... 8120 i30 W
S2 48 933.......nderson F.D. ..8 41. 311...
2 45 9830.......Anderson P.-D..... 8 46' 1115
..... 92......West Andrison.....849 ....
.... 9 09.........Denver.............. 85Wr.
... 9 03..........Atn.....405 ....
.. .. 8 5S ..... Pedeton........... 4 11 .... -
.. .. 847 .....h ry.......4 8 ....
... 8 44........Aa.........m . 421 ......
...8 28 .... Jo dania Jflret... ... 488 ....
. - 825......0e........
... 8 00......Walbala........509 .....
All regular trsais f0 Belton to Walhala,
have precedenice over trains of a me class
n oving in the opposite directton unless oth
ewise specified by train order.
Will a'so stop at the following -aations to
take on and let ot passengers: Phinney'
James and SandySng.
Kodol
Dyspepsia Curer
Digests what you pat~
This preparation contains allotf the
digstants and digests all kinds o
food. It gives instanlt relief and neyp
ails to cure. It allows you to eat all
the food you want. The mnost sensitlve
stomachs can take it. By its use mnany
thousands of dyspeptics have been
cured after everything else failed. 1S
unequal led for the stomach. Child
ren with weak stomachs thrive on It.
First dose reiieQes. A diet unnecessary.
urses all stomnach t.uenMob