The watchman and southron. (Sumter, S.C.) 1881-1930, November 05, 1902, Image 4

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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 TO? ?LL.OTHERS1 id ci ty In s, ly ns of ly ,T nt rd ill n ry ns ite e ur n ?T fi be 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.