Historical Newspapers of South Carolina

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??t t?bftbttan aufr Bulks*. WEDNESDAY, SEPT 80, ?91. Sundering the South. F resident Polk** Confession of Treach? ery. TOJ?KA, KASS , September 12-^ President Polk, of the National Alli ?noe, bas m*de throe addresses io Kan? sas. President Polk's opening baa bee? devoted priorjaiiy to himself. After giving h?a boyhood history, he reaches the rebellion from choice. He upheld the Union until the wave of secession swept over the Sooth, wheo Ito old as many others did who were forced to shoulder their Baskets. He had been offered command of a company, bat refased it, as acceptance would have been construed toto endorsement of the canse whose arms he carried. He afterwards accepted the office he held because by doing so He could indirectly aid those who were fighting for the "j- preservation of the Union and in a de? gree irttigv 3 the sufferings of those who, ' ' -self, had been forced to _- bear .. > inst their country. While m v speaking directly about the contemplated strike of the cotton pickers in the Sooth, he said : The op- j jpresaed agricultural laborers should and ?kali desafead the Tight of naming the compensation for their services and un? fit! these demands are acoeeded to let every field in the land contain only the rotted products. North or South. Yoe here, be said,, are fortunate io beag your own laborers, but tbe plut?? crata of other States mest be compelled to acknowledge the God-given rights of laborers, whether they be white or black. Some of our brethren have - altead J made -their demands and they -. wilt 4e~^ra?ted,- or entire regions will . contain only families rained by their own greed. Bi an interview to-day Go!. Polk sta? te??''tftisi' th* Affiance movement was ' of converts through. U and the great mass nf farmers, planters and laboring meo fed deserted the Be m ocra fie party and were standing squarely on the Ocala platform. I believe, he said, tha Third Pai*?, will sweepI every State''in the^ > South in 2892. The old bosses down there have tried lo buidoze and force |||; the people to take their Democratic medicine, but without result: Within the past six months I co lld have had soy effiee within the gift of the Demo? cratic party^tBr11',would not sell my principles for pottage. Polk uttered these words with feeling and declared eternal warfare on both f-% oi l parties (Tne bloody shirt) he said will be wrapped around the old section? al agitators and they will be buried too deep for resurrection. Will the Alli i ance conference at Washington in Feb ?uary declare for a Third Party ? I -cannot say but there will be a Third , Party- It mights have been prevented four mooths.ago, bot now it ls too late. VOur People io the South have been abused and stfeered at by the Democrat? ic bosses ?ad Democratic press, and we witt staidest no longer.- The>\ negro ?A ?en?mina?t?S? cry won't prevent ? break " ol the^Ef^ Democracy. We wi) 1 take care "of the negro. See that they are al? lowed to yole. They are largely in the movement and will' be ant m portant, - fac? tor in "the campaign next year, How about the pension question ? The. Alliance- i*a& -nothing to say agaiost the pensioning of soldiers who fought. We accept the resoltas final and acqui? esced.. We shall never raise our voice against the legitimate pension of Union soldiers, ft is the result of warfare, and we ?mn; s?^ke bauds with our Northern brothers who wore the blue, . and foci that they are receiving only justice from a Government whom they, helped to preserve. The pending ques? tion was about party platforms. Polk said the People's Party would, in his opinion, carry every Southern State i next year. The Alliance was for the Ocala disbands and would have nothing else. "How Money is Loaned to Banks." r The article in the Alliance Column, under the above head, from the Nation? al Economist, is not sufficiently explicit. We therefore offer the following addi ^risonai, using, for convenience for refe < renee, its numbers : No. 1 That feature has been so re? cently and so fully discussed in The - Observer that it is useless to go over it No. % We-think-that it is a mistake : there-is no law to that effect that we can find. .We cannot imagine to what Urefccj.-'** f ^ :,. Ua?er the economical administration of the government by the Democratic party when Cleveland was President the surplus in the treasury at one time reached over a hundred million dollars. This was so much taken from circula? tion and was contraction to that amount. If we remember correctly, a large portion of this surplus was used by ?he government for purchasing its own bonds not yet due, the object be? ing to get that "much money back in circulation and thus prevent a finan? cial panic, which seemed to be imminent on account of contraction. The government ought not to be blamed for putting the surplus into circulation. It bad to do that or let it lie idle in the treasury. The blame belongs to the Republican party for imposing a robber tariff on the people, which brought into the treasury a hun? dred millions a year more than was needed. And it still imposes that tariff .-and more besides-nuder the McKin? ley Act. The difference between the Democratic administration and the Re publican administration is, that the former accumulated a surplus by hon? esty, and economy, while the latter makes it a point to spend th; surplus by extet^agant legislaf.ioD, so as to keep u7%?~rbbDci tariff. The Demo? cratic administration was not responsi? ble for the bigh tariff, and consequently was not responsible for the surplus but having the surplus on hand it made the best disposition of it possible under these circumstances F w, the same object might be ac? complished, in the case of another ac? cumulation in the treasnry, by deposit? ing the surplus with banks on call loan, requiring the banks to deposit bonds as security for its return, it is possible there may be some provision of that sort to prevent aa .accumulation of money in the vaults and a Consequent contraction of the currency. If it is cot that, we cannot imagine what it is referred co nuder head No. 2 The Economist shoujdjfce more explicit. Or the editors of^he jplliaace Column may be able to eiac?date the subject. No. 3 There is no canse of complaint here. The general government has .banks of deposit, jost as States and individuals have, where they put their money for safekeeping, checkiog it oat as they need it. The Treasurer of this State, for instance, does not keep the State's mooey in his safe. Int deposits it io designated banks and draws on it as needed. South Carolina had, prior to the payment of the July interest on our' State bonds, about three hun? dred and fifty thousand dollars OD. deposit in various banka in . this State, upon which deposit? the banks pay no interest. it is simply a matter of safety and convenience, and there ts nothing wrong about it. No 4. Every national bank is requir? ed to keep five per cent, of its circula? tion with the U. S. Treasurer to redeem its mutilated notes aod whatever other of its notes may be presented for re? demption. We cannot see how it is possible to manipulate this fund in any way that would injure anybody. No. 5. The postoffce department keeps a bank account from which it pays for the manufacture of stamps and f stai cards and for other expenses. This is necessary and proper. The Economist complains that for this "vast sam** the banks pay the gov? ernment ooly $1.26*4,102 51-only the 1 per cent tax oh circulation ; and this is to cover the expense of printing and delivering the bills ; and that the peo? ple-the people who borrow from the backs are meant-pay the banks 8 per cent., amounting to over ?16,000.000. Then the Economist adds that is "a loss to the people and a profit to the banks*1 of over^l^OOO.OOO. It isa profit.to the banks ; but it is not a loss to the people-it is simply the interest that borrowers pay for the ose of the money they borrow, and is not peculiar to national banks, nor to banks of any sort. Leaving dot the Economist's table the $127,410,251, which belongs to the banks-and is not a "loan"-hav? ing been issued to them in exchange for about $140,000.000 worth of bonds, we have $75,411,563 deposited with the banks for safe-keeping-not loaned to them. That is what we bad the 20lh March, 1890-eighteen mooths ago ; but the increased expenditures for pen? sions, etc , and the redemption of 4? per cent, bonds have left only $15, 500,000 on deposit-$10,000,000 of these bonds having been redeemed ; $25,000,000 refunded at 2 per cent., and about $17,000.000 jet outstand? ing litis inconsistent to complain that there is not enough money in circulation and at the same time blame the govern? ment for depositing its money in banks so that it can get into circulation. The banks do not-or did not, rather -really pay the government anything for the use of this "vast sum*'-more than half of which belonged to the banks and the balance to the govern? ment. . , We can illustrate and explain this whole matter by reference to any parti? cular bank. Take the bank of New? berry, for instance. It has, under bead No. 1, National Bank Currency, $33, 750. It has nothing under heads Nos. 2, 3, 4 and 5. The government does not deposit money in it ; but the peo? ple do-for the same reason that the national government and the State government deposit in convenient banks, viz., for safe-keeping and con? venience in the transaction of business. The July report of this bank showed "individual deposits subject to check, $196,371.30". Citizens of the town aod county have their money there for safe-keeping and convenience, and draw it out, in whole or^part, whenever they want it; but while it remains ihere the bank can leud it and get in j Merest on it. The owners of the depo? sits do not complain so long as their money is there safe and ready for them whenever they choose to call for it. Nothing would be saved to the nation? aler State government or to individ? uals by letting their money lie idle in vaults or safes or old stockings, where it would be more or less exposed to danger from robbers and burglars. We do not undertake to question the Economist's figures-only tc explain them. The people are entitled to all the light they can get oo this impor? tant subject of national finance. They are studyicg the subject earnestly and honestly, and they want the truth, the whole truth and nothing but the truth. That we shall give them as far as we know how.-Newberry Observer. MASTER'S SAUS. State of South Carolina. SUMTER COUNTY. IN THE COURT OF COMMON PLEAS. Antoniette E. Dixon-Plaintiff. against William llenry Dixon, O C. Scarborough, assignee, and Rich ard D. Lee, agent for creditors Defendants. BY VIRTUE of a Decretal O-der made in the above entitled cau3e, ard dated June 17tb, 1891, I will sell at public auction, in front of tbe Court House, in the City of Sumter, in said State, on Monday. Octo? ber, 5tb, 1891,-being Salesday-between the hours of ll o'clock in the forenoon, and 5 o'clock in the afternoon, the following lot or parcel of land, to wit : "AH that tract of land situate in Bishop ville Township, Cou? ty and State aforesaid, containing eighty-pix (86) acres, more or less, bounded North by l?ods of R. O Dixon ; Bast by lauds of R. O. Dixon and A. F. Cou sar; South by land3 of J. W. Stuckey, and West by lands of R. O. Dixon." Terms of Sale-Cash Purchaser to pav for titles. JOHN S. RICHARDSON, Master for Sumter Co. Sep. 7, 1891.-4t. MASTER'S SALE. State of South Carolina, ^COUNTY OF SUMTER, IN THE COURT OF COMI:ON PLEAS. Eliza Kelly-Plaintiff, against Mary Jane Kelly, Robert Kelly, Anderson E Kelly, Alexander Kelly and Charles Kelly-Defendants. BY VIRTUE of a decretal order made in the above entitled cause and dated June 15th, 1891, I will sell at public auction in front of the Court House in the City of i Sumter, in said State, on .Monday, October 5th, 1891,-being Salesday-between the hours of ll o'clo'/k in the forenoon and 5 o'clock in the afternoon, the following prem? ises, to wit: "AU that tract of land, situate in Sumter County, and State of South Carolin.!, con? taining one hundred and eighty (180) acres, more or less, bounded North by Mrs. McKen? zie's land ; East by the other part of the ori? ginal tract set apart to Eliza Kelly; South by Dixon Stokes' land and West by Estate lands of Charles McLean." Terms of Sale-Cash. Purchasers to pay f?r titles. "JOHN S. RICHARDSON, \ Blaster for Sumter Co.* Sept. ?,1891-41. SHOES! SHOES!! SHOES!!! WANTED FOR THE NEXT THIRTY DAYS, 15000 MEN, WOMEN, BOYS AND GIRLS To Help Us Unload. Not being IN with the Weather Bureau, or the Wall Street ->.X!ott?n Brokers, we could not foresee the recent heavy rains nor the present low price of cotton when we were having our shoes made up, hence we have our shelves TOO FULL for pre? sent trade indications and "VST? ?/Xi3LS&t TTxiioctci. Will yon help ns? We will pay you well. This is oar first season, and we aro going to build up a Shoe Business on a SOLID LEATHER FOUN? DATION. We have special advantages in having one of our Firm io the WHOLESALE SHOE MANUFACTURING BUSINESS, in Boston, with many years oxperience. You can be benefitted by these advantages if you will. HEISER, WALSH & GO., Monaghan Block. Sumter, S. C. Sep. 23_ ESTABLISHED 1868. Watches, Diamonds, Sterling Silver, Clocks, Optical Goods, Fine Knives, Scissors and Razors?; Machine Needles, &c. SIGN OF TEE BIG WATCH. HEADQUARTERS FOR WATCHES. JAMES ALdliAN & CO. Diamonds, Jewelry, Silverware, Specta? cles, Drawing Instruments THE FINEST STOCK IN THE STATE. RELIABLE GOODS AT REASONABLE PRICES. Watch Repairing a specialty. Chief Inspectors of Watches for South Caro? ma Railway, Atlantic Coast Line and Southern Division of Three Cs Rail Road. JAMES ALLAN & CO., 285 King St., Sign of Drum Clock. Charleston, S. C. Feb. 8 .1. ?. CRAIG, Furniture Dealers Undertaker FOLL SUPPLY OP First Class JGo?ds in all Departments AT? ROCE: BOTTOM PRICES. Come and See, and Satisfy Yourselves. TAU ?ST ICE? i TBE M. The Famous "World's Bouquet" ? guaranteed a long Havana^ Filler and Sumatra Wrapper, and is pronounced by Connoisseurs TOE FINEST 5 CENTS CIGAR, Ever produced. Try them and be convinced of their superiority over would-b competitors. For sale by CROSS WELL & CO., W. H. YATES, SUMT?R BOOK & NOVELTY CO., L. MORRIS. LEVI BROS., DUCKER & BULTMAN, FRANK O'DONNELL, W. H GILLILAND & CO., DR. A. J. CHINA, I. STRAUSS & CO., M. KAHN, M. L. KUKER, July 8. ROBT. F. EPPERSON. H. HARBY. i LIVERY STABLE NEW Lill M Sill STABLES. We have opened at the shops formely occupied by ll. W. Bradham, on LIBERTY STREET, a large and com modius establishment which will be thoroughly equipped, so as to merit a share of public patronage. Prompt and Courteous Attention Given to all Customers. EPPERSON & CO. July Cor. Sumter and Liberty Sts. SUMTER' S. C.? Horses, Mules, Harness, Wagons, Carriages, Buries. Carts, Phaetons, Corn, Oats, Hay, Bran, Cement, Plaster 'a Paris, Hair, Fire Brick. I have lately enlarged my storage capacity, and full stocks of thc above will be found on hand. H. HARB Y. New Goods. DUCKER I MIAN, RELIABLE AND First Class Grocers, AND DEALERS IN General Merchandise, Ask a Comparison of prices in all lines. Have been doing business successfully at the same stand (opp. Court House) for 13 years, and will spare no efforts, now and in the future, in continuing to please the al? ready large number of casto* mers, (including some very close buyers) in this city and county, and from adjoining counties, whose patronage has been liberal. New and sea? sonable specialities constantly arriving in their GROCERY DEPARTMENT. New Mack erelin 10 lb. kits, and at retail. New Pickled Salmon. New Dutch Herring. New Canned Vegetables, Fruits and Fish. Great assortment in imported groceries. In fact we have everything to be found in a first class, full up stock. Dry Goods, Notions, &e?, Give this part of the store a look before purchasing else? where. Competent and polite salesmen to serve you, no trou? ble to show goods, and less to sell them. You will find Dress Goods in all the latest styles, shades and quality j proper and elegant trimmings to match. One of the largest and best lines of SHOES in the city for Men's, Ladies' and Children's wear. Big Job Lot of HATS just opened. Clothing, Trunks, Valises. Bagging and Ties, Heavy Groceries, All at Lowest Prices at Bucker & Bultmann* Sep. 9 Ju New Attractions ARRIVING EVERY DAY AT ros. sr 9 Latest Styles in DRESS GOODS and TRIMMINGS. We call your attention especially to the articles laerein named : Doable-width Cashmeres, Henriettas, Albatrosses, Olorrae, Serges a??l Alpacas, af any price from 25c. to ?? 50 per yd. delicate Shades Cashmeres and Henriettas from 25c. to fi 00 per ydL Flannel Tricots (beaty weight) 38 in. from 20c. to 40c. per yd. Plain Flannel 36 in. from 20c. to 35c per yd. Plaid Flannel Suitiogs (extra weight) 38 in. for 60c. per yd. 5-4 Brocades from 12j to ?6| per yd, yQ Dress Patterns, 8 yds. each, (double width) no two alike, 75c. per yet? Our Une of Bress Silks IS COMPLETE, A2?D OUR Trimming; Silks ABE SURPASSED BY NONE IN THE CITT. The attention of the ladies is respectfully invited to oar stock of Notions and Fancy Goods? Those doing fancy work can Sod aoything needed in that Hoe vie ; Embrodiery (silk and cotton) Knitting Silks, Filling Silks, Wash Silks, Che" n?lle, Chenille Cord, Arrasene, Fancy Tassels, Fringes and Balls ra a)! shades, Silk Lasings and Dress Cords. WU GERMANTOWN WOOL, SAXONY WOOL, ITC, LAMBEEQUINS, FELT IN ALL SHADES at $1.25 pr. yd* LADIES JERSEYS' at and below New York Cost. Gents can bc fur? nished with anything in the line of * Clothing, Hats, Cap?, Neckwear, At Lowest Ca*<h Prices. We carry a fine line of SHOES which we sell at low figures and guarantee satisfaction. We would also e&ll eltention to our Hardware, Croekeryware, Harness, Fancy and Staple Groceries. We will pay the highest market price for your cotton, either here or at your nearest depot. All orders by mail promptly attended to. Samples sent on applica? tion and satisfaction guaranteed at all times. Our polite and attentive salesmen will take pleasure in showing you around and will make prices for you ?AS LOW AS THE LOWEST.1* Thanking you for your patronage in the past, we solicit a continuance of game. Yours Respectfully, 9 MAIN ST. SUMTER, S. C. Sep. 9.-v TRADE MARK The Lat .-IN Collars and Cuffs, Neck? wear, Gloves, &?. Collars at 7, 8, 10, 12 1-2, and 162-3 cts. Neckties at 5, 10, 15, 20, 25, 50, 75 cents and $1.00. A Few 4-ply, best quality, pure linen collars, large sizes, at 10c< each or $ 1.00 per dozen. CLOTHING, HATS, SHIRTS, fe, AT THE VERY LOWEST PRICES. At Winn's Old Stand, SUMTER, S. C.