Historical Newspapers of South Carolina

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PRESIDENT S VET( The Bland Seigniorage Bill R turned Without Approval CLEVELAND'S SEASONS IN FUI The BOX as Drawn Would X<e&d to a Fina dal Kelapa*-Would Favor Coining t Seigniorage if the Secretary of the Trei urjrl? Given Authority to Issue Bon to Keep Up the Gold Reserve. WASHINGTON, March 30.-The follow lag is a foll text of the president's mi sage vetoing the Bland bill: To" the House of Representatives : I return without my approval hon hffl numbered 4956, entitled "An a directing the coinage of silver bulli? held in the treasury, aud for other pu poses." My strong desire to avoid disagreeme] 'with those in both houses of congre who have supported this bill would lea me to approve it if I could believe tbi the pulbic good would not bo theret endangered and that such action on m part would be a proper discharge of ofl dal duty. Inasmuch, however, as I am unab to satisfy myseir that the proposed legi lation is either wise or opportune, ni conception of the obligations and rt sponsibUities attached to the gre? office I bc Id, forbids indulgence of tn personal desire and inexorably confine me to til a; coarse which is dictated b my reason and judgment, and pot ute out by sincere purpose to protect un promote the general interests o* ou people. The financial disturbance which swep over the country during last year, wa unparalleled in its severity and disas trous consequences. There seemed to b almost entire./ a displacement of faith ii our. financia? ability and lo&s of conf dence in our fiscal policy. Among tho.? who attempted to assign causes for ou distress, it was very generally concedw that toe operation of . the provision o the law then in force which required th< government to purchase monthly i large amount of silver bullion and issn ? its notes in payment therefor, wes eithei entirely, or to a large extent, responsi hie for our condition. This ied to tlx repeal, on the first day of November 1893vof this statutory provision. W< had even fallen so low in the depths ot depression and timidity and apprehen? sion, had so completely gained control in financial circles, that our rapid recu? peration could not be reasonably ex peeled. Our recovery has, nevertheless, steadily progressed, and, though less than five months have elapse! since the repeal of the mischievous silver purchase requirement, wholesome improvement is unmistakably apparent. Confidence in our absolute solvency is to such an extent re-instated, and faith in our disposition to adhere to sound financial methods ls so far restored as to produce most encouraging results, both at home and abroad. The wheels of domestic industry have been slowly set in motion, and the tide of foreign investment has again started in our di? rection. Our recovery being so well under way, nothing should be done to check our convalescence, nor should we forget that a relapse at this time would almost sure? ly reduce us to a lower stage of financial distress than that from which we are Just emerging. I believe that if the bul under consider? ation should become law, it would be re? garded as retrogression from the finan? cial intentions indicated by our recent repeal of the provision for the coinage ol sliver bullion purchases; that it wonld weaken if it did not destroy the return? ing faith and confidence m our sound financial tendencies, and that as a conse? quence our progress to renewed business health would be unfortunately checked, and a return to our recent distressing plight seriously threatened. This proposed legislation is so related to the currency conditions growing out of the law compelling the purchase of sil? ver by the government that a glance at such conditions and a partial review of the law referred to may not be unprofit? able. Between the fourteenth day of August, 1890, when ' the law became operative, and the first day of November, 1893, when the clause it contained directing the purchase of silver was repealed, there were purchased by the secretary of the treasury more than one hundred and sixty-eight millions of ounces of silver bullion, and in payment for this bullion the government issued its treasury notes of various denominations amounting to nearly one hundred and fifty-six millions ot dollars, which notes wereJm mediately added to the currency in circulation among our people. Such notes were, by law, made legal tender m payments of all debts, public and private, except when otherwise ex? pressly stipulated, and were made receiv? able for customs, taxes und all public dues, and when so '" received might be re? issued. They were also permitted to be held by banking associations as part of their lawful reserves. On demand of holders these treasury notes were to be redeemed m gola or silver coin, in the dis? cretion of the secretary of the treasury, hat it was declared as a part of this re? demption proivsion that it was "the established policy of the United States tc maintain the two metals on a parity with each other upon the present legal ratio or such ratio as may be provided hy law." Money coined from such bullion was to be standard silver dollars, and af te* directing the immediate coinage of a lit? tle less than twenty-eight millions o? ounce?, the law provided that as much of tile remaining bullion should be there? after coined as might be necessary to provide for the redemption of the treas- J ury notes issued on its purchase, and that "any gain cr seigniorage arising from such coinage shall be accounted fox and paid into the treasury." Tnls gain or seigniorage ev?d?r?tlyln cates so mach bullion owned by the gc eminent as should remain after using sufficient amount to coin as many stan ard silver dollars as should equal number of dollars represented by tret ury note? issued In payment of the enti quantity of bullion. These treasu notes now outstanding and in circu? tion amount to $152.051,280, ai although there has been thus far bat comparatively small amount of this bi lion coined, yet the so-called gain < seigniorage, as above defined, whi< would arise from the coinage of tl entire mass, has been easily ascertain to be a quantity of bullion sufficient 1 make when coined fifty-five millions, 01 hundred and fifty-six thousand six hu; dred and eighty-one standard sliver dc lars. Considering the present intrinsic rel; tion between gold and silver the mail tenance of the parity between the tw metals, as mentioned in this law, ca mean nothing less than the maintenant of such parity in the estimation and coi fidence of the peoplewhouseonrmoney I their daily transactions. Manifestly, mail tenance of this parity cnn only be accon plished so far as it is affected by the* treasury notes and in the estimation < the holders of the same by giving t such holders, on their redemption, th coba, whether it is gold or silver whie they prefer. It follows that while, in terms, th law leave? the choice of the coin to b paid on such redemption to the discre? tion of the secretary of the treasury that discretion, if opposed to the de mauds of the holder, is entirely inconsie tent with the effective and beneficia maintenance of the parity between th? two metals. . If both gold and silver are tc serve ut as money, and if they together are t( supply to our people a safe and stabil currency, the necessity of preserving thii parity is obvious. Such necessity has been repeatedly con ceded in the platforms of both pol?tica parties and in our federal statutes. It ii nowhere more emphatically recognizer than in the recent law which repealec the provision under which the bullior now on band was purchased. This lavi insists upon the maintenance of the par? ity in the value of the coins of the two metals and "the equal power of every dollar at all times in the markets and ir. payments of debts." The secretary of the treasury h as, there? fore, for the best of reasons not only promptly complied with every demand for the redemption of these treasu ry notes in gold, but the pi-esent situation as well as the letter and spirit of the law appear plainly to justify, if they do not enjoin, upon him the continuation ol such redemption. The conditions I have endeavored to present may be thus summarized : First, the government has purchased and now has on hand sufficient silver bullion to permit the coinage of all the silver dollars necessary to redeem in such dollars, the treasury notes issued for thc purchase of said silver bullion, and enough besides to coin as a gain or seig? niorage fifty-five million onehundreel and fifty-six thousand six hundred and eighty-one additional standard silver dollars. Second, there are outstanding and now In circulation treasury notes Issued in payment of bullion purchased amount? ing to ?152,051,280. Thete notes are legal tender in payment of all debts, pub? lic and private, except when otherwise expressly stipulated. They are receiva? ble for customs, taxes and all public dues. When held by banking associations, they may be counted as a part ol their lawful reserves and they are redeemed by the government in gold at the op? tion of the holder. These advantageous attributes were deliber? ately attached to these notes at the time of their issue They are fully understood by our people to whom such notes have been distributed as currency, and have inspired confidence in their safety and value, and have undoubtedly thus In? duced their continued and contented use an money instead of anxiety for their redemption. Having referred to some incident H which I deem relevant to the subject, it remains for rae to submit a specific state? ment of my objections to the bill now under consideration. This bill consists of two sections, ex? cluding one which merely appropriates a Bum sufficient to carry the act into effect. The first section provides for the immedi? ate coinage of the silver bullion In the treasury, which represents the so-called gain or seigniorage or which would arise from the coinage of all the bullion on hand, which gain or seigniorage thin flection declares to be $55,156,081. It directs that the money be coined, or cer? tificates issued thereon shall be' used in the payment of public expenditures, and provides that, if the needs of the treas? ury demand it, the secretary of the treas? ury may, in his discretion, issue silver certificates in excess of such coinage, not exceeding the amount of the seigniorage, in said section authorized to be coined. The second section directs that, at soon aa possible after the coinage of th it seigniorage, the remainder of the bullion held by the government shall be coiner into legal tender standard silver dollars, and that they shall be held in the treas ury for the redemption of the treasury notes issued in tho purchase o;' said bull? ion. It provides that, as fast as the bullion shall be coined for the redera ptior of said notes, they shall not be reissued but shall be canceled and destroyed ii amounts equal to coin held az any time in the treasury derived from the coinage provided for; and that the silver certifi? cates shall be issued on such coin in the manner now provided by mw. It Is, however, specially declared In .said section that the act shall net br construed to chango existing law relat lng to the legal tender character of thc mode of redemption of the treassury ?otes Issued for the porch nee of silver bullion to be col neil. 1 : The entire bill is moat unfortunate constructed. Nearly every sentence p: sents uncertainty and invites conti veray as to its meaning and intent. The first section Is especially faulty this respect, and it is extremely doubtl whether its language will permit t consummation of its supposed purpose I am lcd to believe that the promote of the bill intended. In this section, . provide for tbs coinage of the bullion co stitutlng thc gain or seigniorage, as it called, into standard silver dollars, ai yet there is positively nothing in the st tion to prevent its coinage Into any de cription of silver coins now authorize under any existing law. I suppose th section was also intended in case tl needs of the treasury called for mont faster than the seigniorage bullion cou! actually be coined to permit the issue . silver certificates in advance of such cot age, but its language would seem to pe mit the issuance of such certificates 1 double the amount of the seigniorage t stated, one half of which would not re] resent an ounce of silver in the treasur; The debate upon this section in coi gress developed earnest and positft difference of opinion as to its object an meaning. In any event I am clear thc tho present perplexities and embarrasi mente of the secretary of the treasur ought not to bo augmented.by devolvra upon him the execution of a law so unce: tain and confused. I am not willing however, to rest my objection to this sei tion solely on these grounds. In ray judgment sound finance does no commend the further infusion of silve Into our currency at this time, unaccon panied by further adequate provision for the maintenance in our treasury of safe gold reserve. Doubts ?Iso arise ns to the meanin; and construction of thc second sectio: of the bill. If the silver dollars therei directed to bo coined are, as the sectio: provides, to be held in the treasury fo the redemption of treasury notes. It 1 suggested Hint, strictly speaking, certifi catos cannot lie issued on such coin "ii the manner now provided by law" bc cause these dollars are money held in th treasury for the express purpose of re deeming treasury notes, on demand which would ordinarily mean that the; were set apart for thc purpose of subeti tuting them for these treasury notes. They are not, therefore, held in sue] way as to furnish a basis for certificate according to any provision of existir.; law. If, however, silver certificates ca: properly be issued upon these dollars there is nothing in the section to indicat the characteristics and functions of thes certificates. If they were to be of th same character as silver certificates Ii circulation under existing laws, the: would at bert be receivable ODly for cud toms, taxes and all public dues: an< under the language of this section i t ie ti say the least extremely doubtful whethe: the certificates it contemplates would bi lawfully received even for such purposes Whatever else may be said of the uncer tainties of expression In this bill, the] certainly ought not to be found in legi* lotion affecting subjects so importan and far reaching as our finances and cur rency. In stating other and more importan reasons for my disapproval of this section I shall however assume that under '1 provisions the treasury notes issued * .payment for silver bullion will continu? to be redeemed as heretofore in silver oi gold at the option of the holders, anc that if, when they are presented for re demption or reach the treasury in anj other manner, there are in the treasurj coined silver dollars equal in nomina value to such treasury notes, then, anc In that case, the notes will be destroyed and silver certificates to an equa amount be substituted. I am convinced that this scheme is ill advised and dangerous. As the ultimate result of its operation, treasury notes, which are legal tender for all debts, rnb Ile and private, and which are redeema? ble in gold and silver at the option of the holder, will be replaced by silver certifi? cates which, whatever may be their char? acter and description, will have none ol these qualities. In anticipation of the result, and as an immediate effect, treasury notes will naturally ap? preciate in value and desirability. The fact that gold can be realized upon them and the further fact that their destruc? tion has been decreed when they reach the treasury, must tend to their withdrawal from general circulation, to be immediately presented for gold re? demption or to be hoarded for presenta? tion at a more convenient season. WOULD DECREASE THE GOLD RESERVE. The sequel of both operations will be a large addition to the silver currency in our circulation and a corresponding re? duction of the gold in the treasury. The argument has been made that these things will not occur at once, be? cause a long time must elapse before the coinage of anything but the seigniorage can be entered upon. If the physical effects of the execution of the second sec? tion of this bill are not to be realized until far in the future, this may furnish a strong reason why it should not be passed so much in advance, but a post ponement of its actual operation cannot prevent the fear and loss of confidence and nervous precaution which would im? mediately follow its passage and bring about its worst consequences. I regard this section of the bill as em? bodying a plan by which the govern? ment will be obliged to pay out its scanty store of gold for no other pur? pose than to force an unnatural addition of silver money into the hands of our peo? ple. This Is an exact reversal of the policy which safe finance dictates if we are tc preserve the parity between gold and sil? ver and maintain (sensible bimetallism. We have now outstanding more than three hundred arid thirty-eight millions of dollars in silver certificates issued under existing laws. They are serving the purpose of money usefully and without question. Our gold re? serve, amounting to only a little more than one hundred millions,1 of dollars is directly charged with the redemptionof three hundred and forty-six millions of United States bonds. When it ls proposed to inflate our sil? ver currency it is time for strengthening our gold reserve instead of depleting it. I cannot conceive of a longer step toward silver monometalism than we take when we spend our gold to buy silver certifi? cates for circulation, especially in view of the practical difficulties surrounding the replenishment of our gold. This leads me to earnestly present the desirability of granting to the secretary of the treasury better power than now exists to issue bonds to protect our gold reserve when for any reason it should be necessary. Our currency is in such a con? fused condition and our financial affairs are apt to assume at any time so critical a position that it seems to me such a course ls dictated by ordinary prudence. I am not insensible to the arguments in favor of coining the bullion seignior? age now in the treasury, and I believe it could be done safely and with advantage if the secretary of the treasury had the power to issue bonds at a low rate of in? terest under authority in substitution of that now existing and better suited to the protection of the treasury. I hope a way will present itself in the near future for the adjustment of our monetary affairs in such ? comprehensive and conservative manner as will accord to silver its proper place in our currency, but in the meantime I am extremely solicitous that whatever action we take on this subject may be such as to pre? vent loss and discouragement to our peo? ple at home and destruction of confi? dence In our financial management abroad. ' GROVER CLEVELAND. From the Sumter Freeman. A Strong Letter. Editors The Freeman : I feel satined that you will publish, without request, the call of the State Prohibition Exec? utive Committee for a State Conven? tion to be held in June, but I want to say something more. The critical condition of our State demands that every intelligent man give heed and endeavor by reasonable, legal methods to prevent the calami? ties which threaten us. The political factions have gone so far that all agricultural and other business interests are endangered, and common sense dictates that an honest effort be made to remove the cause. The Darlington tragedy has demon? strated beyond a doubt that the pas? sions and prejudices of our people have been so played upon by those who sought office that bitterness and hatred are fast taking the place of former neighborly kindness, lt is generally admitted that the occur? rence at Darlington was but a natural product of the liquor traffic. The dis? pensary law which gives to the State the most complete monopoly of the sale of liquors was the immediate cause of the killing, for it has not the support of the people and cannot be enforced. I know there are some who support it because it is an administra? tion measure, but cut it apart from the administration and it has few suppor ters. The moral, christian people can? not, support the sale of liquor as a beverage either by the State or the in? dividual because they believe it a great moral wrong. Those who drink the liquor will not support the law for they say better liquor was sold by the old barkeeper for less money. And the old liquor sellers will not support the law for they claim that the State has appropriated their business to its own use. It is evident then that the dispensary law does not rest on the will of the people and cannot be en? forced. 3iow the danger arises from the peculiar political antagonism of our people-town against country. Shouid the Governor-and I believe that his present purpose-arm the country people as the militia of tue State and send them to quell some dispensary difficulty, trouble would ensue. I do not doubt the bravery of South Caro? linians because they reside in the coun? try. If ordered into a city or town by the Governor they will go; the animosity bred by office seekers be? tween town and country will excite and stir the people; in the heat of pas? sion a man may be slain; business in? terests are forgotten in an instant, men of adjacent towns rush to the support of the citizens, the country people flock to the support of the militia and then where bloodshed will end no living man can say. That is| no overdrawn picture, but the true condition of our State and the prohibitionists appeal to all good, true men, of both political factions, to unite and remove this great evil, the liquor traffic, from our State. JOEL E. BRUXSON*. SUMTER, S. O, APRIL j, 1S94. Letter From Wedgefield. WEOGEFIBLD, S. C , April 10, 1894. The many friends of Rev. B. C. Lampley will be very much grieved to bear that be is still confined to bis bed. and that on last Saturday be was considered critically ill. Rev. R. W. Barnwell, of Florence, is visit? ing relatives in town. Mist vaura Hammond wbo bas been for some time visiting ber aunt, Mrs A. E. Ay cock, has returned to her nome in Char? lotte. Mr. Harry OweDB left a few days ago for bis old borne io England, where be will spend the summer. Dr. Easterliog, of Manning, has recently cometo teach in the family of Mr. R. N. Owen. Mr. G. P. Hartsoe, an old and very highly respected citizen died at bis borne near Wedge? field, on the gtb instant. He bad for years been a strict member of the Methodist Church, and though be bas been sick for a very long time be bore bis sufferings patiently. The farmers are up to their eyes in cotton planting. Corn was so badly killed out by recent cold that nearly all the farmers plowed up and plauted over. - mm t $ --+mm A Million Friends. A friend in need is a friend indeed, and not less than one million people have found just such a friend in Dr. King's New Discovery for Coughs, and Colds.-If you have never used this Great Cough Medicine, one trial will convince you that it has wonderful curative powers in all diseases of Throat, Chest and Lungs. Each bottle is guaranteed to do all that is claimed or money will be refunded. Trial bottles free at J. F. W. DeLorme's Drug store. Large bottles 50c. and $1.00. 1 Excelsior Baking Powder is the best, be? cause it is pure, tryit. Prepared by Dr. A. J. China. WASHINGTON LETTER. WASHINGTON, April 9, 1894. The result of tbe first week's debate on the tariff bill in tbe Senate is not encouraging to those who wish for speedy action on the bill, and Senators Hill, Murphy, Brice and Irby, wbo, intentionally or unintentionally, aided tbe republicans io their efforts to delay tbe debate, bare been sharply criticised by democrats. Senator Hill's speech to-day has also brought additional democratic criticism upon bis head. It was, of course, expected that the republicans would resort to filibustering when tbe democrats began to take steps to bring tbe debate to a close, but to the surprise of everbody they began filibustering for delay almost at the begin? ning of the debate, and it is clear that they intend to keep it up to ?be end. Senator Harris, who has charge of the bill, proposes to force a show ot hands this week, by asking that the sittings of the Senate be prolonged two hours a day asd that tbe tariff bill be taken np earlier each day. He intends to put the Senators on record in order that the country may see who are in favor of pushing tbe debate to a conclusion and who are the obstructora, and be doesn't believe that when the issue is squarely raised any democrats will be found in the latter class. Hon. Patrick Walsh, the new Senator from Georgia, met with a cordial reception from bis future colleagues, most of whom bave long been bis personal friends. Senator McLaurin doesn't fancy the idea of being confounded with Representative McLaurin, of South Carolina, who has been talking of leaving the democratic party to form a silver party in the South and West, The Senator is opposed to any such movement. To use bis own words : "I am a silver man, but I believe in the mission and the success of the democratic party, and I think that we can settle these disputed questions within our party organization." That's about the way most of the silver demo? crats feel about it, too. The largest number of democratic signa? tures ever attached to a request for a call to be issued for a caucns were on that addressed to Mr. Holman, chairman of the caucus, asking that a caucus be held Tuesday of this week to decide what should be the policy of the party io the House tewards that plank of the National platform which declared that the tax on state bank currency should be repealed. Representative Swan? son, of Virginia, circulated the request for a caucus, as a result of his making a personal poll of the democrats in the House on the the question of the repeal of the tax. He found that nine-tenths of the democrats favored repeal,but ali except 129 of them insist that it shall be accompanied with more or leS3 Federal control over the currency to be issued by the state banks. The House com? mittee on Banking and Currency pigeon? holed the question some time ago because of failure to agree on a bili. The whole raatt?r will be talked over at tbe caucus and will, it is hoped, be definitely^ settled one way or the other, although the present understanding is that the caucus is cot to take action that will considered binding upon those who attend it. Somebody, probably from pure vicious? ness, started a story a few days ago that Senators Hill and Murphy, would antagonize the nomination o? Mr. Benedict to be Public Printer. They will do nothing of the sort. Senator Hill said a week ago that be was glad so good a democrat as Mr. Benedict bad been selected for the place and that he expected him to be confirmed without opposi? tion. Senator Murphy bas also expressed himself as pleased with the nomination. Mr. Benedict arrived in Washington today and he expects to be,confirmed, submit his bond and be sworn in as Public Printer before the 15th of the month. Ex-Speakar Reed capped the climax for absurd and needless filibustering on Satur? day when he prevented the carrying oat of a special order setting apart that day for eulogies on the late Senator Gibson, of Louisiana, by forcing an adjournment by raising the point of no quorum oa a motion to discbarge the warrant issued by the Sergeant at Arms to arrest absentees during the time the contested election cases, settled last w^ek, were pending. All of the blame for this state of affairs does not, however, belong to Reed and the republicans. There are 218 democrats in the House, and if 189 of them would remain constantly in their seats Reed and his obedient gang would be powerless to stop the wheels of legislation in their efforts to compel the speaker to count a quorum, as they have tried so often to do of late. Coxey's array would better take warning from the treatment that is being meted by the Washington w:horities to the advance guard of ihe western wing of bis army, which arrived her- Saturday. There were forty odd of them They were met by a detachment of police, marched off and locked up. Representative Meyer, of Louisiana, bas introduced a bill for the coinage of the seigniorage, which meets the objection raised in tbe President's veto and also adopts bis suggestion of providing for an issue of bonds. But somehow the bill isn't popular. The ?est mutual insurance policy sgainst attacks of sickness is to be found in taking Hood's Sarsaparilla. If you are weak it will make you strong. Where is that crowd going? To China's Drug Store for some of that fine Soda Water. -?^??^.???^^^-~ China's Soda is cold and fine, ard good enough to quiet any one's mind. Four Big Successes. Having the needed merit to more than make good al] the advertising claimed for them, the following four remedies have reached a phenomenal sale. Dr. King's New Discovery, for Consumption, Coughs ?nd Colds, each bottle guaranteed-Electric Bitters, the great re tnedy for Liver, Stomach and Kidneys-Backten 's Arnica Salve, the best in the world, and Dr. King's New Life Pills, which are a perfect pili. AH these remedies are guaranteed to do just what is claimed for them and the dealer whoso name is attached herewith will be glad to tell you more of them. Sold at J. F. W. DeLorme's Drug Store. 1 ? mm t i - Buy your dewing Machine of Robt Win? gate, new machines ranging in price from $18, $22.50, $28, $35, $45, and $54-sold on the installment plan.) Use Excelsior Baking Powder, prepared only by Dr. A. J. Chios. Guaranteed to be chemically pure. Price 35 cents per pound, 2 ounces for 5 cents, etc. e.o.w-tf Ionia Items IONIA, S. C., April 4, 1894. We have bad some nice weather for farm work and the farmers are bas y. Tbe cold killed all of tbe coro. Most of our farmers are planting again ; also getting ready to plant cotton. Some few have already plant? ed The cold killed all of tbe garden plants. M ?88 Irene Davis, of Bisbopville, bas been spending some time at Ionia ; also Miss Lillie Galloway is spending a week or so with ber. Miss Lena Norwood, of Florida, wbo bas been visiting near here bas returned to Florida. Mr. Link Brown is the happiest man we ever saw. Rev. Peter Stokes filled his regular appoint? ment at New Salem on the 25th. He preach? ed an able sermon. There are not as many April fools scattered around this April as there was last. Tbe crows and doves are playing havoc with corn that is jost coming up. Mrs. S. Brown is very ill. We are glad to bear that Mrs. Sal!' Boy kin is some better. No marriages to report this time. We don't hear much from Corbett's Mill Court House and Solicitor C. H. Smitb. D. N. M. AND Below Cost* Intending to close out my mer? cantile business, I offer, com? mencing on Thursday MARCH I5TH, my entire stock At and Below Cost, FOR CASH OWLY. Under no circumstance will any goods be charged. ALTAMONT MOSES. Mcb 14. FOR -FULL ASSORTMENT BEST NEW BARDEN SEED, -FULL LINE Forest Drop ana Chemicals, CALL ON J. S. HUGHSON & CO., Monaghan Block. MAIN STREET, Feb 8. SUMTER, S. C. Your , Future rospects / may look bright enough to-day, I but what guarantee have you that they will bc the same a few years hence ? How do you know but that you will be incapacitated I or deprived of your present in? come by an unforscen calamity ? Ask these same questions of a policy holder in the Equitable Life and see how quick he will answer that he is protected against mis? fortune ; that he is assured of comfort in his old age ; that his family is provided for after his j death. This is worthy of close / investigation. For particulars address W. J. RODDEY, Manager, ; Department of the Carolinas, ROCK HILL, S.C. RICE MILLS, CORN MILLS, SAW MILLS. RICE PLANTERS and RICE MILLERS can buy a single machine, that will clean, hull and polish rice ready for market for $350. Corn millers can buy. best FRENCH BURR MILL, ic iron frame, fully guaranteed-ca? pacity ten bushels meal per hour for $115. Saw millers can buy best variable friction FEED MILL from $190 up to the largest size, also Gang Rip Saws, Edgers' Swing Saws, Planing Machines and all other Wood Working Machinery. Also Talbott's Engines and Boilers. Special discounts made to cash purchasers C an meet any competition, quality considered V. C. BADHAM, Apr 19-0 COLUMBIA, S. C. Don't forget that the Walter A. Wood Mower is IMITATED but never equalled. Lightest Weight. Lightest Draft. ONLY STEEL MOWER MADE. Henry ll. Bloom, Sept. 27 Agent, Sumter, S. C.