The watchman and southron. (Sumter, S.C.) 1881-1930, November 05, 1902, Image 4
WEDNESDAY, NOVEMBER 5, 1902.
The Sumter Watcnman was rouna-c
1&?0 and the 7V#e Southron m 1866
The ?Fofc???ten and ' Southron now has
Ike combined circulation and influence
of fcoth of the old papers, and is mani
ies y the best advertising medium in
Samter.
Charleston is to have a cigar factory
employing four thousand hands and
paying out a million dollars a year in ,
wages. The factory is to be establish- j
ed immediately- by the American
Cigar Co., an offshoot of the great
v American Tobacco Co. The fsictory
costs Charleston practically nothing?
$7,000 only, which is to be paid in five
annual instatements. Charleston has
met with good luck, and it is no "be
hoped that the new industry will be a
successful and permanent one in the
city.
The Columbia State is authority for
the statement that while Fair Week
was a success beyond expectation, the
State Fair itself was decidedly a fail
ure. The Fair has * been going from
bad to worse for some years now and
we are prepared to accept without dis
pute the statement made by The State,
nevetherless the Columbia people had
tterhold fast to the Fair, for it is
doubtedly a drawing card and if it
ould be abandoned the crowds would
fall off and the biggest and best street
'show and Carnival amnsements would
ail to attract the people from .all
parts of South-Carolina as the Fair
has for so many years. Any other
town in the State with the requisite
amount of money and enterprise can
get up as big or bigger street show
as Columbia but none can captai the
Fair. Columbia can well afford to put
forth great efforts to improvo the Fair
?nc? add attractions to Fair Week, but
it cannot afford to have the Fair aban
doned or to attempt to substitute for
it m o?inary fal! festival.
-The disgraceful row between the
- Clemson i^oilege cadets and ?he South
Carolina College students, following
the foot ball game at the Fair calls for
action on the part of the authorities
of these institutions. The published
reports, admittedly not giving all nor
the worst of facts concerning the dis
turbance, indicate that the Clemson
cadets were largely to blame, that they
1 <were guilty of riotous and violent con- \
duct and that they seemed bent on
4>L)odshed. They proved themselves'
naramtiug in the true sporting spirit
. that accepts with good grace a defeat.
Instead they gave vent to their disap
pointment in a childish display of
anger and spleen and undertook to
gratify their animosity by picking a
fight with the victorious South Caro
lina College students. The claim that
Clemson had been insulted by the
transparency carried in the parade by
the College students was a flimsy
excuse, a very transparent subterfuge,
that neither excused the riot nor con
cealed the animosity that incited them
to attack the college students on the
streets and afterwards carried them in
a body, with weapons in their hands,
to the college campus to renew the diffi
culty. The truth of the/matter seems
to be that the Clemson cadets were
sore over the defeat of their foot ball
team and undertook to do by brute
force what the team could not do by
skill in the game on the gridiron.
Gradually the big bankers of the
north are coming over to the advo
cacy of financial measures that they
denounced in onmeasured terms a few
years ago when the identical measures
were proposed by democrats as a means
of relief for the monetary string6ncj
that had paralyzed the business of the
country and had brought to the brini
of poverty and want the farmers o:
the country. Then they called it in
flation and fiat money, now they speal
of an elastic currency and means tc
provide a sufficiency of money to mee
the demands of business. Then tb
men who proposed a safe and reason
able increase in the currency wer
fools, cranks, populists or worse, toda
the same measures are being ad
vocated for the same reasons, by me
who claim to be ' ' captains of industry1
and "princes of finance." Ten c
twelve years ago the time was not rip
for an elastic currency, for then th
"captains and princes" had not coi
summated their plan to concentrate i
their own hands the control of all tt
great industries and the mastery <
the finances of the nation.
A Musical Festival.
The Second Regiment Band in ord<
to keep you amused for part of ti
third week of November, will hold j
the armory hall of the Sumter LigJ
Infantry what is known as a music
festival.
The committee of ladies will call <
the citizens to solicit subscriptio
and donations, such as fancy artici
and eatables. These goods will !
sold, raffled and auctioned off for tJ
benefit of said organization. TJa
worthy organization needs about t\
hundred and fifty dollars, and aft
careful consideration have decided u
on this means of raising the amour
It is to be hoped that they will sn
ceed well. The cause is a good o
and the boys are going to make tt
something cut of the ordinary, a.
they will be sadly disappointed i:.' y
do not lend them yc ur assistance. Wat
for date which will be namad short.1
M?LLiOSIS in THE TREASURY.
Annua! Report of the Treasurer of
the Unit?i! States.
UNPRECEDENTED HOLDINGS
Of Gold and a Large Cash Balance on
July, 1902, the Close of the Last
Fiscal Year', Show the Finan
cial Strength of the
Government,
I Washington, November 3.?Ellis H.
Roberts, Treasurer of the United
I States, in opening his annual report,
says that the magnitude of the avail
able cash balance and the unprecedent
ed holdings of gross gold are the strik
ing features of the condition of the
treasury at the close of the fiscal year
1902.
The available cash balance in the
treasury July 1, 1902, was th? largest
net balance in our history. It amount
ed to $362,187,361. The gold reserve
is counted in, as it is available for the
redemption of legal tender notes. Near
.ly one-half of the. available cash bal
ance July 1 was in gold, coin and cer
tificates, $103,801,290 over and above
the gold reserve of $150,000,000, and
by October l it became $136,121,77L
As a measure of the financial strength
of the- Government, the report says,
the fact deserves mention. * By Octo
ber 1,1902, the available cash balance
exclusive of the reserve, was $221,253,
394, and, owing to the large measures
for the relief of the money market,
it was reduced by November 1 to $206,
421,870. Of this sum $146,885,012 was
in national banks.
To the general stock of money in the
country an addition of $S0,198,681
was made during the fiscal year. Of
this $67,955,527 was in gold coin and
bullion: There was also an increase of
$19,735,259 in standard dollars and of
$7,360,991 in subsidiary silver. United
States notes remained under the law
uncbange. Treasury notes fell off $17,
783,000. National bank notes received
and increment of $2,851,589.
The gold coin and bullion October!
exceeded all other kinds of money, ex
cluding national bank notes, by $200,
368,433. In five years the ratio of
gold in the country to total circula
tion has run up from 36,52 to 46,45 to
the hundred.
The growth in the volume of* money
in circulation during the year was
$74,082,589, carrying the per capita
from 27.98 to 28.43. The element of
I gold coin and gold certificates was the
I largest nart, and the increase reached
$61,966,174 and advanced from 40.30
per" cent of the total to 41.73 per cent.
In silver of all denominations, includ
ing certificates, there was an increase
of $25,226,146, of which $6,486,(04 was
in subsidiary coin. The reduction in
treasury notes of $17,677,800-is due to
their withdrawal.
The advance in circulation in the
volume of gold, including certificates,
within twelve years by the large sum
of $433,703,576, is the measure of the
greater strength of our circulation.
The additionr.during the past fiscal
year was $61,966,174. The increase in
the future can hardlv be less than
$50,000,000 to $60,000,000 a year, The
mines, the report says are thus con
firming the gold standard steadily and
invincibly, and it adds: y
"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
rency to the highest level of all needs
of business. Our currency keeps more
than equal pace with the population.
On June 27 the gold certificates out
standing for the first time exceeded in
volume the United States notes, and
were $347,179,089. By November 1 they
were $367,078,569.
"The gold in the treasury keeps in
active circulation as currency the cer
tificates issued against it, and, more
over, $346,681,016 in United States
notes and $30,000,000 in treasury notes,
or over ?140,000,000 more than its owr
value. The question may well be con
sidered whether the United State.?
notes may not properly be turned b]
Congress into gold certificates. The:
have much that quality already anc
the change could be gradually made a:
the supply of the yell?w metal take
on greater proportions.
"The demands of the people fo
notes of small denominations havi
surprised the closest students of th
currency. In 1890 there were 37,065
880 pieces of Government paper issued
of the average value of $6.61. In 190
the issue was 116,697,874 and the avei
age value $4. The facilities for pre
duction have been often increased an
now seem to be sufficient for presen
requirements.
"The Act of March 14, 1900, make
it the duty of the Secretary of tb
Treasury to maintain the parity (
value of all forms of money issued c
coined by the United States with tli
gold standard defined and fixed b
that law. This parity has been an
is now easily maintained, and all kinc
of Government money are exchangi
able with each other.
"The inflow of gold, permitting tl
free issue of gold certificates of $20 ar
upwards, is the key to this mainte:
ance of parity and interchangeabili1
of all kinds of Government money. C
the other hand, small denomination
including silver coin, are constant
in demand for the myriad transactio;
of retail trade and the current uses
rural communities, as well as for p?
rolls in furnaces and factories and ha
vest fields. The treasury in rece
years, continues the report, has hea
much more clamor for silver and smi
notes than for gold. It is now abu
dantly able to meet all call for eve
kind of money for its own obligatio
for redemption and for Igitima
transfers. As a result of the mo;
ments which bave been noted o
Government paper currency is gai
ing in simplicity. Gradually all lar
denominations are becoming gold c(
tificates and the smallest silver certi
cate, while in time' all $10 will
United States notes."
DOG LOST?Strayed or stolen a bri
died bob-tail Bull Terrier, with wh
on chest and throat, had on collar wi
H. G. Osteen, marked on name pia
Dog is about 6 or 7 months old a
not quite grown. Any informati
as to his whereabouts will be appre
a ted, and a suitable reward for retu
H. G. Osteen
RESULT OF ELECTION.
Democrats Lack 10 of Majority,
With ?5 Doubtful Districts To
be Heard From.
Washington, Nov. 4.?Although the
returns from the doubtful congres
sional districts were slow in arriving,
the indications at midnight were that
the Eepublicans would control the
next house of representatives by a
narrow margin. In the present house,
with a membership of 357, the Ee
publicans have 41 majority. Under
the new apportionment the fifty-eighth
house will consist of 386 members, a
j majority of which is 194. The 13
southern States, not counting West
Virginia, but including Missouri,
have 125 representatives. The Demo
crats have carried 116 of these dis
tricts and the Republicans probably
five, two in Tennessee, one in Ken
tuckey and two in Missouri, with two
in North Carolina, one in Virginia
and one in Alabama doubtful, accord
ing to the latest returns. To obtain
a majority in the next house it was
necessary, therefore for the Democrats
to secure 78 votes in the north and
west. In this territory they have at
present 52 representiatives. The lat
est returns indicate that this strength
has been held with the exception of
one seat each from Idaho, Montana
and Nevada, as to which the returns at
this hour ?ru inclusive. Adding 49
to 116 gives the Democrats 165. The
returns show that they have gained 3
in Pennsylvania, 1 in Nebraska, 1 in
Delaware, 1 in Wisconsin, 2 in Mary
land, 1 in Colorado and probably r 4
in New York, swelling the total to
178. This leaves them 16 short of a
majority wjth the result in for doubt
ful southern districts to be heard
from and doubtful districts in the
north and west from which the re
turns are as yet inadequate, as fol
lows: West, Virginia 2, Ohio 1, Indi
na 2, Illinois 2, Iowa 1,-Nebraska 1,
Kansas 1, Minnesota 2, Michigan 1,
California 2 and Utah, 1, a total of
21.
Later?Returns at 1 o'clock add 1
Democrat in New Jersey, 1 in Min
nesota, 1 in Illinois, 1 in Alabama, 2
in North Carolina tc the Democratic
representation, a total of 6. But two
of the gains credited to the Democrats
in Pennsylvania should properly be
set down as fusion Republicans, mak
ing the Democrats actually elected by
the returns thus far received 184, with
the doubtful district reduced to from
21 to 15^ one of the doubtful districts
in Minnesota having gone Demo
cratic, the one in Kansas Republican,
and Massachusetts having gone solidly
Republican and one in Iowa Repub
lican. Three of the four doubtful
southern districts went Democratic.
Grimes' Golden.
This is the name of a handsome yel
low apple, a native of West Virginia,
that is being cultivated by Mr. D. Jas.
Winn, some samples of which he has
left at this onice. The apple is about
the size of a Sicily Orange, and at a |
little distance would be mistaken for
one.
The one sampled was quite tender,
juicy and well flavored. Mr. Winn
says that the trees have done well on
his place.
A Geographical Puzzle.
The steamer City of Georgetown,
one of the Coast Lumber Companys'
big freight steamers, was launched at
Butte, Montana, on Saturday. She
registers 559 tons.?Florence Times.
How will the new steamer get to
Georgetown?
The receipts of cotton on this market
keep up remarkably well and this bids
fair to be a record-breaking year for
the Sumter market. The total receipts
ap to Friday exceed 21,000.
REPUBLICANS HOLD NEW YORK.
Governor Odell Defeats Coler by
Big Plurality?Election News
From Other States.
New York, Nov. 4.? In spite of
phenomenally large vote in New York
and Kings county for Bird S. Coler
(Dem., ) returns up to-a late hour to
night indicate the reelection of Benj.
B. Odell ' (Rep., ) to the governorship
of New York State by from 16,000 to
20,000. Color's purlality in Greater
New York exceeded 115,000, a'surplns
of 3,000 above the claim made by
Chas. F. Murphy, leader of Tammany
Hall, but even that large vote was not
sufficient to overcome the Republican
majorities from up the State. Odell's
vote in the country districts was j
lighter than two years ago, but
Coler's was also lower than Stanch
field's in the same year. In New
York city Coler's plurality was ap
proximately 117,50 made up as follows:
New York county 83,000; Kings
26,500; Queens 9,500 and Richmond
2,800.
Oyster Bay, where President Roose
vetl's country home is situated and
where he voted today, was carried by
Coler, his plurality being 131. Two
years ago Odell's plurality was 512.
Figures from the congressional dis
tricst in New York city and the Long
Island counties apparently showed
a los?* of four members of the national
house to the Republicans, the heavy
doler vote having carried, according
to the first returns, the first 19 dis- j
trict in the State for the Democratic I
candidate. All returns indicated that
Judge Gray, Democratic candidate for
judge of the court of appeals, ran
somewhat ahead of his ticket.
The Democrats made gains in the
State legislature, but the gains were
not sufficient to endanger the Repub
lican hold on the seat in the United
States senate, now held by Thomas C. 1
Platt.
-r
New York, Nov. 4.--Revised figures
received up,to 2:45 a. m. make Odell's
plurality in the State 11,604.
Philadelphia, Nov. 4.?Estimates
for more. than half the counties in
Pennsylvania, outside of Philadelphia
and Allegheny county, shows gains
'for the Democratic State ticket.
These gains are offset, however, by
heavy Republican gains in Phila
delphia and Pittsburg. The returns
indicate a Republican pluralty in the
State of from 150,000 to 200,000, of
which Philadelphia contributes over
! 100,000 and Pittsburg from 30,000 to
40,000.
Raleigh, N C, Nov. 4.?At mid
night there is no appreciable change
in the Democratic State ma jorty which
is apparently abont 63,000. Kluttz
(Dem. ) is safe in the Eighth by about
1,500 majority. Moody, Republican,
is defeated in the Tenth district by
a majority of about 1,000, thus electing
Gudger, and giving North Carolina a
solid Democratic representation in the
house of representatives.
St. Louis, Nov. 4.?While the elec
tion in St. Louis passed off in com
parative quiet, there was a number of
arrests for repeating. Two Republi
can judges of election were arrested
on the charge of carrying concealed
weapons. Complaints from moro than
50 voters who had not been allowed
to cast their ballots were received at
the office of the board of election com
missioners. P^ T. Myers, a Republi
can election judge, resigned because,
as he declared, there was so much re
peating, which he was powerless to
j stop, that he was disgusted and would
not serve.
Jenkins Bros, have just received a large
shipment of ball bearing, drop head, New
j Home machines. See them. Under Ma
I some Temple. July 30.
THEVEGETABLEFAT
SUPERIOR IN QUALITY AND RURITY
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A??recs SOUTHERN COTTON OIL CO,
S/^^ArL'GA, THE CAROLINAS AND GEORGIA. ?
Sumter, S. C, Nov. 1,1902.
AND
MULES
Two carloads,
FIFTF-S1X MEAD,
Just received. Call early and get your pici
75 Head on hand.
ANSLEY D. HARB1.
Sept 17
Unless we are being very much deceived
we are going to have
And at much less than the usual cost for enter
I tainments of the kind. There is another rea
son why you ought to attend?this show is not
like a circus or many other
MONEY-DRAWING AGGREGATIONS.
A large percentage of the proceeds will remain at home,
and in a worthy cause?for the benefit of our friends,
The Knights of Pythias.
When the Knights undertake to do anything they do it
well, and we feel assured they have carefully and thoroughly
investigated the merits of this show, and everything that is ad
vertised will be carried out to the letter. Our town for the
time being will be converted into
AN EGYPTIAN VILLAGE.
It is not expected that all your time will be occupied in
seeing the show, you will have something else to do. Probably
a little shopping, and we take pleasure in tendering you the use
of our Store and one of the
Most Complete Stocks in the State
For that purpose. We are constantly replenishing every de
partment. Hardly a day passes that we are not getting in
new goods. From the appearance of our store you would
hardly think we had been doing any business, it seems so full,
but by a careful examination you will observe that goods that
were there thirty days ago have flown, and new, fresh stock
lit in their place. We are determined to make
A banner one in our Carpet Department, and will offer a spe
cial discount in this department for that week only, so if you
want Carpets this will be your season's opportunity.
J, RYTTEXBERG & SONS.
SUMTER, S. C.
Ladies please pay special at
tention to the following :
Two great extra values in
Reefers for children 4 to 14
years.
One lot good quality ma
terial, Navy and Garnet, nicely
trimmed, never sold for less
than $1.75 ; as an extra induce
ment, $1.25.
One lot extra good material,
Navy and Garnet, handsomely
trimmed ; really good value for
?2.75 : as an extra induce
ment, ?2 15.
J, RYTTENBERG & SONS,
SUMTER. S. C.