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FINANCIAL LEGISLATION. Mr. Roosevelt Consults Mr. Kohl saat, and it is Evident That Very Utile Will Come of al! the Talk About the Matter. Oyster Bay, Aug. 24.-H M. Kohl saat, of Chicago, was a guest of the President and Mrs. Roosevelt at lun? cheon today. As the visit was Mr. Kohlsaat's third to Sagamore Hill in two months, the announcement of his coming created some comment. After hiis conference with the Presi? dent Mr. Kohlsaat said in response to a direct inquiry by a representative of the AssociatedPress, that his call had nothing whatever to do with any con? templated change in the Cabinet. * ' it has been rumored, '? Mr. Kohl saat said, "that I might be appointed Postmaster General, but there is ab-, solutely nothing in the story. The' President contemplates no change in that office. In fact, he desires that his Cabinet should remain intact, at least until the close of the present Admin? istration. Personally, I do not desire public office and the President has no office in his gift which I would accept.'' Mr. Kohlsaat did discuss with the President the subject of financial legislation. For several weeks he has been gathering information for the President bearing upon the subject. His researches have been in both the East and in the West, and the net re? sult was laid before the President. "I think some-legislation of reme? dial character may be enacted at the approaching session of Congress," he said, "but there is a wide divergence of cpinion among authorities as to whan, if anything, ought to be done. The demand for financial legislation comes principally from the East, but even her financiers are not in accord. In tiie West, our people are not think? ing much about the matter. ' The West is wonderfully prosp?rons and all of our banks have so much money that they are discounting Eastern com xaercial paper every day. The best judg&ient is that whatever financial legislation is undertaken should be purely remedial and very brief, cov? ering perhaps not more than twenty five lines." HEW ZION 1UFB1G1 Proposition Made to the Jews by Great Britian. Loudon, Aug. 24.-English Jews are deeply interested in the announcement made by Dr. Theodore Herzl, presi? dent of"the sixth Zionist Congress, at its opening yesterday at Basel, at Great Britain, in view of the collapse of the project to establish Jews on the Sinai Peninsula, had offerd the Zion? ists a large tract of territory in East j Africa for colonization' by the Jews who would be given an autonomous government, under British sovereign? ty. While opposition is expected, they believe that the Conress will accept the proposition. Lord Rothschild said to a representa? tive of the Associated Press : " Fearing Jewish emigration from the British Isles, the Government has o tiered a tract of land in East Africa to Jews emigrating there. They will have only the rights and pri Tilegesof British subjects the same as their brethren enjoy here and elsewhere in the Empire. They will be under British rule, the same as they would he under American rule if they were located in American territory. In other 'words, they will simply be colonists. I do not know whether the proposi tion wi ll be accepted. ' ' Tho majority of the Jews in England are said to oppose acceptance of the proposal, Israel Zangwill and Sir Francis Montegore, who are at Basel, will it is believed, uphold the. pro? posal. h HARD FIGHT ?N 8H!0. Zimmerman Men Trying to Maid a Break in the Johnson -Ranks. Columbus, O., Aug. 24.-The con? test between Mayor Tom L. Johnson of Cleveland and John T. Zimmerman of Springfield for the Democratic gub? ernatorial nomination before the State convention to be held here Wednesday, is tonight as much disputed as ever. Zimmerman, with many followers, has been here all day in charge of his can? vass. While Johnson will not arrive until tomorrow noon with a special trainload of friends from Cleveland, his managers have been very active to? day. The city is filled with Johnson portraits and banners. Following the withdrawal of Bookwalter as the John? son candidate for senator, the Zimmer? man men inaugurated a raid on the Johnson ranks claiming that the in? structions for Johnson for governor ap -plied only to the balloting on Wednes? day and not to the selection tomorrow of members of the committee on cre? dentials, resolutions, etc. The John? son men met this charge by saying the instructions applied to the entire organization of the convention. It is still conceded that the one securing a majority of the committee on credentials tomorrow afternoon will ou tne following day be nominated for governor, as 145 seats out of the 690 are contested and neither candidate can win without having all of his delegates seated. The Zimmerman men are also making desperate efforts to make a break in the Johnson ranks, because of the en? dorsement of John H. Clarke of Cleve? land for senator in place of Bookwal ter, and in this matter they have caused the Johnson managers some trouble. 4List Chance of the Season to Visit Wil? mington. Special train will leave this point a. m. Sept. 14th, dre to arrive Wilmington about soon ; returning, leave Wilmington ll p. m. same date. Extremely low rates. This is the last opportunity this year to visit the famous seaside resorts at nominal rates. First class accommodations will be provided. Children half fare. On payment of fee of fifty (50c) cents passengers can remain in Wilmington until 3.45 p. m. Sept. 15th. For information as to time of train, rates, etc call on ticket agents or address W. J. Craig, Gen. Pass. Agt, aug 22-septi 12 Wilmington, N. C. HSHEm BP m A HOLOCAUST ?N BUDAPEST. Between 40 and 50 Persons Burned to Death in a Fire That Broke Out Sunday Night. Budapest, Hungary, Aug. 25. ! Fire broke out this evening in a four story building, the two lower floors of which were occupied by a fancy goods firm,Jand the upper fioors as residential flats. There were two hun?red work people in the building and the escape of many of them and of the residents on the third and fourth fioors was cut off by the flames. The warehouse contained piles of flimsy material and the flames, which were detected at 7 o'clock, spread with frightful rapidity, and soon reached the residential fioors. Only the work people near the doors below were able to effect their escape. The residents above, seeing their escape cut off, clung desperately to the windows, screaming for help. The firemen held out sheets of canvas and called to them to jump. Several people were saved in this way, but many in jumping missed the sheet and were killed. At la. m., it is stated that between forty and fifty people were burned to death, including Herr Goldbergs wife and son. The police announce that by jumping from the windows thirteen persons were killed and sixteen injur? ed, nine seriously. The damage is es? timated at 4,000,000 kronen, mostly covered by insurance. 6Q0Q'ROADS WQBL Over $200,000 Expended During the Year. The various counties of the state will this year expend over $200,000 on good roads. This is the estimate made by President F. H. Hyatt, of ?he South Carolina Goo 3 Roads association, who is keeping up with road building in every part of the state. Since the organizing of the association, nearly every county in the state has organized branches and not a week passes but what there is a good roads' meeting somewhere which the president at? tends. The county commissioners, im? mediately after the meetings, usually decide to build good roads and the money is raised either by a special one mill tax or comes out of the regular county funds, usually by the latter. The figures for the number of miles of good roads'siace January are not obtainable yet, but will be ready at the next meeting of the association, which takes place this fall. Statistics are now being prepared by the various county supervisors, who are ex-officio members of the associa ?ion and will be submitted to th? president at an early date. Tomorrow President Hyatt goes to Gaffney to attend a meeting.-Co? lumbia Record, Aug. 24. WHY COTTON IS Ml New York, Aug. 21.-Members of th? local Cotton Eschs rigs and those most deeply intereted in the recent high price of that commodity are not inclined to consider seriously the ut? terance of Secretary of Agriculture Wilson, in which he is alleged to have said: "The gamblers have cornered the market and put the price up so high that thc manufacturers cannot use raw cotton.'' William P. Brown and Frank 'B. Hynes, leaders of the New Orleans bull pool, semed little disturbed by what Mr. Wilson had said, and while they decilned to enter into any discus? sion of the report, both ??tated that they did not believe that "infinite mis? chief" was being dorie to the cotton industry in this country. "I would like to say," said Mr. Hayne, "that I cannot agree with the Secretary when he says that the gamblers have put prices so high that the manufacturers cannot use raw cot? ton. I must decline absolutely to enter into any discussion of the report, but the present situation, ss I understand it, is not entirely duo to the bulls. The bears were forced to accumulate stocks here in order to meet contracts which they had no right to make, and which they could not have filled other? wise. As you will understand, this prevented the mills from coming in and taking the large quantities of cot? ton which they usually buy at this time of the year. "In spite of all that has been said, I firmly believe that when the whole thing is over it will be acknowledged that there has been a cotton famine, and that that condition is as ninch re? sponsible for the prevailing conditions as anything else, if not a little more so." Mr. Brown, with his usual reticence, refused to discuss the matter further than to say that he ccnid not agree with the Secretary. It was evident that he agreed with a former official of the Exchange, who characterized the report as "rot." - mm - ? i'" - II Cotton Culture in the German Colonies. In order to meet the constantly growing demand for cotton in the Ger? man textile industries, the attempt lias been made to grow cotton in the Ger? man'African colonies, and according to the trials already made the success of this new undertaking seems almost assured. Cotton plantations have been established in Togo, Kamerun, Ger? man Southwest Africa and German East Africa. A German syndicate also contemplates the culture of cotton in Asia Minor. In Togo thc development of the cotton culture has been most successful, so much so that the second year's crop-that of 1902-was as large again as that of the first year, 50,000 pounds of cotton having been exported. The cost of producing 590 pounds of cotton, exclusive of business manage? ment and amortization, was 205.35 marks ($48.87). while the selling price realized was 343-50 marks (78.75). Great efforts are being made to further the cotton culture in the German ? colonies, and the most important cot? ton mills of Germany have, after tho? rough trial, declared Togo cotton to be of excellent quality, and are indors? ing the efforts of the German colonial cotton growers, hoping thereby to be? come independent of American cotton, especially as Germany manufactures at present about $200,OOO,000 worth of cot? ton goods yearly, giving employment in its cotton industries of all kinds to over 1,000,OCO workmen. TILLMAN ANO PASSES. Made a Speech at a Lexington Bar becue-Adroitly Avoids Making Explanations. At a barbecue given over in Lexing? ton yesterday Senator Tillman was pre? sent and made a speech. Naturally the people expected him to say some? thing about his free pass experience, but he did not pretend to make any denial of the fact that he used them nor did he attempt to explain how it was that he accepted free transporta? tion from railroads, f?e contented himself by saying that the whole thing was an eagerly grasped oppor? tunity to. attack him on the part of his enemies, especially the newspapers, adroitly avoiding any explanation of his violation of the law of the state in having passes "forced" on him. Otherwise the senator talked on na? tional politics and disagreed,with his colleague, Senator Latimer,'on his scheme to have a large appropriation from the government for good roads building because it was impracticable. Congressman Lever also spoke and took a similar position to Senator Till? man on the good roads movement. He favored good roads as much as any? body, but agreed with Senator Tillman that Latimer's scheme couldn't be carried out. Senator Latimer spoke and defended his plan for having a gov? ernment appropriation for roads.-Co? lumbia Record, Aug. L Langley's Flying Machine. Widewater, Va., Aug. 21.-Langley's big aerodrome was placed in position on the superstructure of the house boat late this afternoon. The whole airship force worked on the body, ar? ranging machinery and adjusting the wings, until sundown. The flying machine then was returned to the in? terior. It was the first time that it had been exposed to the press repre? sentatives. Her machinery and di? mensions were plainly visible. Amid? ships is a great mass of wheels, rods, boilers, pistons and various other me? chanical devices. It is exceedingly complicated. The body consists of several long steel bars centrally locat? ed. With bowsprit and rudder it will measure sixty feet. Close to the motor is the navigator's car. This is built for a weight of one hundred and fifty pounds. It probably will carry Prof. Langley, who was in it repeatedly this afternoon. The gasoline motor, which weighs 200 pounds, generates something in excess of 27-horse power. It is connected by bars with the pro? pellers, about six feet in diameter, cap? able of revolving 1,200 times per min? ute. The motive power is sufficient to produce a velocity of forty miles per hour. Placed equally about the ship are five empty conical bodes idesigned as floats to keep the airship up when! she strikes the water. Fore and aft are two strong platforms on each side to support the wings. These are of delicate but rigid construction, twenty by ten feet, allowing a sustain? ing capacity of 800 square feet. Dur? ing the work repeated photographs of the machine were made. The wings were placed in compartments on the superstructure and repeatedly adjusted. With good weather conditions a test is expected Saturday. ARMY COMMISSIONS FOB CITADEL. Special to The State. Charleston, Aug. 21.-Under an order issued by Secretary of War Root the first honor graduate of the Citadel hereafter will be eligible each year to admission to the regular army of the United States as second lieutenant. This order means much to the Citadel. Graduates of the Citadel have often sought commissions in the army and in competitive examinations mnay of them have secured appointments but there has never before been within the institution itself an opportunity to se? cure a commission such as is now offered by the order of the secretary of war. The order is evidence of the high merit in which the institution is held and it is believed that it will have an excellent effect upon the academy. - mm ^ mm Virginia-Carolina Loan. Discussion has naturally been rife of late concerning the Virginia-Carolina Chemical Company, the largest of southern industrial combinations. The heavy drop in the price of its securi? ties, "which was the avowed cause for one of the recent Stock Exchange fail? ures, and, it is understood, caused embarrassment, though of a temporary character, in other quarters, made the concern a feature in the general stock market. Last week it was announced, however, that the company had con? cluded a large loan on exceedingly high terms, and, as a natural sequel to this development, the present week brings the announcement that dividends on the common stock of the company have been suspended. It would seem that no other action was open to the directors, who have, indeed, been severely criticised in certain quarters not only for increasing the dividends on the common stock last year from 4 to 5 per cent., but for paying any divi? dends at all. It certainly seems re? markable that a company heretofore enjoying excellent credit should have been obliged to pay 6 per cent, per annum and a 10 per cent, commission for a loan of $6.000,000 for one year. The explanation offered is that the business of the company for the past year has increased about 2fj per cent., and that, as its business involves the granting of long credits to con? sumers of its products, a large work? ing capital is au absolute necessity. It is also explained that the loan just concluded is to be of a contingent character, the syndicate in this case advancing such sums as tue company requires up to the total amount, and at such times as the advances are call? ed for. The matter, however, again illustrates one of the most common causes for troubles where industrial companies are concerned, viz., the lack of adequate working caj? tal, a circumstance which has already caused many difficulties of the same kind with other concerns.-Bradstreets. A few more nice hammocks to be sold at cost to close out. Two or three which wiil be sold for $1 each are ex? tra bargains. H. G. Osteen & Co. ? HORRIBLE MURDER STORY. Capture of Lee Green, Charged With Killing Surasky in Aiken County. Aiken, Aug. 21.-Lee Green, the alleged murderer of Surasky, the Jew peddler, was brought to Aiken by Sheriff Alderman and posse last night about 9.30. Green was surrounded and captured at his father's place, near Hawthorne, about twenty miles from Aiken. For several days two men of that section, Arthur Glover and West Cad? den have been on the watch for Green, and finally located him at his father's place. Early yesterday morning t1 ?y telegraphed Sheriff Alderman that Green was cornered and if he could come at once with a few men Green could be captured. Sheriff Alderman left .Aiken about 12 o'clock with ten men. Two of Sur asky's brothers left here for the scene about the same time. The sheriff's party arrived at McClain's store, two miles from Green's house, at about 5 o'clock, where they found Glover and Cadden, who had slipped away to again communicate with the sheriff. Messrs. Glover and Cadden reported that they and Green had fired several shots at one another during the morn? ing and that they felt sure that he was still on the place. Sheriff Alderman, who now had about fifteen men, sent part of his force around to come in at the back of the place, and he and the remainder of his party went to the house. Mr. Green, the elder, was asked if his son Lee was at home. He replied that his son was on the place, but he did not know where. The posse then searched all the buildings and it was at last discovered tliat Green was in the fodder loft of the barn. It was at first thought that the building would have to be burned in order to chase Green out, but the sheriff finally told Lee Green's brother to go into the barn and tell him that he had better give up. The brother went in and came out in a few minutes with Lee's gun and a few moments later the man who has terrorized that section for nearly a month walked out of the barn and gave himself up to Sheriff Alderman. The gun Green had with him was a single-barrelled breech-loader and his ammunition was shells loaded with bird shot. Green told the sheriff that he intended to give himself up after a while, as he was not able to give bond and did not care to stay in jail so long. However, there is no doubt that that immediate vicinity is feeling a great deal easier now that he and the sheriff have finally made connection. Lee Green is a young man about 18 years of age, weighs about 175 pounds and is about six feet tall, and is a powerful man for his age. He is said to be a bad character and a great trouble to his old father, who is one of the best men in that section. It is said that Lee Green shot at a Jew peddler, named Levi, from Au? gusta, not long ago, and stated at the time that he did it just to see him run. He is also said to have threaten? ed to kill the next peddler that came to his house, as they always sold his wife goods, and he was never able to keep a cent of money in the house. Abram Surasky is said to have been killed while performing an act of courtesy for Green. On the day of the murder Green had been to the mill and was athis house on his horse, with his sack of meal and his double-barrelled shotgun across the saddle, just about the time Surasky drove up in his wagon. This was about 2 o'clock in the aft? ernoon. As the men alighted they shook hands, and Surasky walked over to Green's horse and threw the sack of meal across his shoulder, and told Green that he would carry it to the house for him. Surasky walked towards the house and when he was about twenty-five steps away Green shot him twice in the back, but did not hurt him, as the shot probably all entered the sack of meal. Surasky turned and, throwing the sack down, lifted his hands above his head and begged Green not to shoot him. Surasky then saw Green reloading his gun, and so the peddler ran into the house, where Mrs. Green was, and begged her not to let her husband kill him. It is said that Mrs. Green pleaded for the life of the Jew, but Green rushed into the house after him. Surasky held Mrs. Green between himself and his assailant, and then Green is said to have told his wife that if she didn't get out of the way ke would shoot her. Surasky then tried to run away, but Green shot him twice in thejback and brought him to the ground, just outside of the door. The gunshots did not kill him, and Green then got an axe and chopped him until life was extinct. He then loaded the body on his victim's wagon and hid him in the woods, as before reported. The above story of the crime is said to have been received direct from a relative of Lee Green and is thought to be authentic. It is said that George Toole is not criminally connected with the crime, as was at first thought, but it is un? derstood that he arrived at Green's house just as the killing occurred and he was afraid to tell of it. Toole is now out of jail on 8500 bail and it is thought that he may be able to "prove out," as he said. The party who went with Sheriff Alderman from here and assisted in capturing Green consisted of Messrs. Wesley Royal, Monroe Vernon, Jim Vernon, W. T. McCullough, Henry Howard, L. Craig, Paul Glover, T. J. Harmon and John Kennedy. The two Suraskys went alone. Bamberg, Aug. 21.-Hon. S. C. Folk, a prominent merchant and farm? er here, shipped the second cotton bale of the season by tonights express to Wagener & Co. of Charleston. Some time ago he shipped the first bale raised in the State to Pope & Fleming, Augusta, receiving 20 cents per pound for same. Sour Lake, Texas, Aug. 21.-The fire in the Sour Lake oil fields was fully extinguished late last night and this morning the oil fields were about all cleared of debris and all things have been or are being put in shape to resume work. The loss is, as stated last night, over fifty thousand dollars, not 81,500,000, as stated in special dis? patches to Northern papeiF. THE OPIUM INFAMY. ! Governor Taft Comes Out Square ! ?y in Favor of Traffic in the Deadly Drug. j There was no reason to doubt- that the commission ruling the Philip? pines in the name of the people of the United States was resolved upon the opium monopoly in the islands. Ex? posure of the scheme evoked from all classes of Americans so vigorous a protest that the Administration was compelled to call a ha>t upon the commission. Nobody believed that it was more than a halt. The recent advices' from the islands corroborate this belief. Governor Taft comes out squarely in favor of the traffic. To provide a cloak for this ruthless project he likens opium traffic to liquor traffic, a fallacy which he expects to secure for him some backing in the political parties of this coun? try. He says that the issue is high license or prohibition and that by in? ference prohibition will not prohibit. This, shocking to the moral sense, is a transparent insult to American intelligence. Opium is a deadly drug which is ruinous to mind and body if persistently taken even in the small? est quantities. There is no reason why opium should be placed in the Philippines on any other basis than that which it occupies in tbis country. It should be sold only on a physician's prescription. Instead of peremptorily ordering that opium be thus sold in the Philip? pines President Roosevelt dallies with the question and meanwhile lets the infamy proceed. Governor Taft now ? secures delay for the trafficking con? spirators by going through the farce of f appointing a commission to study the effects of the drug and to report to him in six months. The commission will bring in the report he wants. He might as well appoint a commission to study the effects of prussic acid or strychnine. There is no room for debate over the deleterious effects of opium. Only ar? rant humbuggery professes that there is anything to-investigate as to opium, j The responsibility for Governor Taft's course is now directly upon Mr. Roosevelt. Him the people of the United States can reach with protests to which he cannot turn a deaf ear. It were truly a satire upon our in? stitutions if we can compel the*Gov? ernment "of Russia to afford protection to a portion of its inhabitants whose lives are menaced by mobs if, mean? while, we cannot compel the Govern? ment of the United States to protect the people of the Philippines from de? struction by a poison which the American commission in the islands purposes spreading among the Fili pininos the name of the United States. Governor Taft is only second to Leonard Wood as a personal favorite of Mr. Roosevelt. Anything that either of these men does seems destined in advance to win Mr. Roosevelt's ap? proval This fact should not prevent the conscience of the nation from cry? ing out against the opium infamy in the archipelago.-Chicago Chronicle. Chicco a Candidate. The Charleston correspondent of the Augusta Chronicle says that Vincent Chicco, a famous blind tiger keeper, and a bitter enemy of Senator Tillman and the dispensary law, is a candidate for alderman-at-large from Ward 3. Chicco has announced his candidacy, and he says he is going to make the fastest run of any of the candidates from his ward for a seat on the alder manic board of Charleston. The only political office ever held by Chicco was that of a private on the police force though it has been years since he carried a policeman's club. When the dispensary law was enacted and went .into effect, Chicco resigned^ from the police force and opened up an establish? ment on Market street. He has given the state constables more trouble than all the other blind tiger keepers to? gether. Several months ago Chicco called on Governor Hewyard and asked him not to be hard on the illicit liquor dealers in the city. During the course of the conversation, Governor Heyward asked Chicco why he did not go out of the blind tiger business, and Chicco replied that he would stop selling liquor if Governor Heyward would appoint him on the state board of dispensary control. Chicco has made considerable money, and he declares that he is going to spend some of it in politics. When Senator Tillman was governor of South Carolina he had occasion to visit Charleston, and one day, while strolling through the market, directly in front of Chic co's establishment, he was accosted by Chicco and invited ro come iu and have a drink. Desperadoes Arrested in Virginia. Roanoke, Va. August 22.-Gus At? kins, alias Gus Murry John Atkins and John Rice, wanted in Madison county, N. C. for the murder of James Rice were arrested at Thacker Mingo county W. Va. today by three officers from Welch. John Atkins resisted ar? rest and attempted to shoot Chief of Police Day and was shot in the hip by that officer. The wounded man was taken to a hospital at Welch and the other two were placed in jail at that place to await extradition to North Carolina. The crime for which rhey are want? ed was committed on June G, 1902 when Jas Rice was shot to death and his head split open. The three men were placed in the county jail at Madison Court House and on the night of Nov? ember ll last escaped, with seven other prisoners. A reward of 400 was offered for their capture. They were traced to the coal fields and located at Thacker several days ago. One of the other escaped prisoners was recent? ly shot and killed at Greenville, S. C., by a man named Norton. Saw Big Waterspout. Hundreds of people on Wrigthsville Beach saw a big waterspout about 10.30 o'clock this morning. It formed about five miles off shore and first assumed the shape of a rainbow. Larer it straightened and extended from the sea to the clouds. The waterspout came within about a mile of the beach before it broke. The sight was an unusual one and many people were frightened by it. The bottom of the spout was as large around as the largest cottage on the beach.-Wilmington Dispatch, Aug. 20tb. : THE ?. 0. OO.'S BOIHOUS LOAN. A Lesson of Undigested Securi? ties Which Will go Kara in the South. j Concerning the loan neogtiation re j cently by ihe Virginia-Carolina { Chemical Company in Wall street at a j ruinous rate of interest, The Wall Street Journal of Thursday afternoon says : Complaint readies us from the South that the report that the Vir? ginia-Carolina Chemical Company was forced to pay 16 per cent for a* ene year accommodation for 8o,?00,0C0 bv the Wall street bankers in the recent financial stress is erroneous and a vici? ous attempt to attack the company. If there was any error in the report, it was in an under statement and if there was any attack of viciousness toward the company's credit, the offi? cers and the Wall street bankers are responsible, for the bankers get 6 per cent interest and the 10 per cent com? mission. The Wall street reporters did not get it, but every stockholder in the Virginia-Carolina Chemical Com? pany, as well as every investor and every money lender, is entitled to know the facts, and thank the Wall street reporter. It was a plain duty to investors and to the community to state the truth and that the truth may be fully told we will state the rest of it. There was a bankers commission of 2^ per cent for organization and management of the syndicate that put up the money and received 6 per cent interest and 10 per cent commission. The fact of these large commissions, in addition to the legitimate interest rate, was be? ing used in Wall street to oppress other corporations who were in the market for millions of money. Other bankers who knew the Virginia-Carolina Chemical Company snydicate terms were demanding 10 per cent com? mission all around, and some of them were given the alternative of a re? ceivership or better financial rates. The publicity to these-financial trans? actions has warned financial men, and it is not likely to be repeated. It is also a warning to corporation man? agers that Wall street is no respecter of their financial business interests and that foresight is as necessary in ihe expansion cf any corporation's business as any other kind of foresight. It is also a warning to stockholders that they insist upon that financial fore? sight and provision concerning any ex? pansion; otherwise, their dividends, when money is tight, go to :he .bankers. Of course, it goes without saying that the common stockholders of the Virginia-Carolina Chemical Company can not receive dividends when they are paying 183? per cent for money. During the coming year, provision must be made for the return of this capital, as well as the payment cf in? terest thereon, and new obligations must issue. It becomes important, therefore, to consider the relations of the various parts of the company's capital accounts. The company has $7,000,000 of 5 per cent bonds which are rarely quoted, but may be rated, at present time, marketed only at a discount; 812,000, 000 of 8 per cent cumulative preferred stock which has declined from 134~? to 80 and $28,000,000 of common stock, upon which the dividend was raised from 4 per cent to 5 per cent about a year ago. This has declined from the high point in 1902 of 1Q% to 45 and bas just recently dropped from 45 to 19J4. The enterprise is legitimate ancf profitable and has millions of property, including $6,000,000 of foreign potash concerns, purchased in the past two years, and nearly ICO cotton seed mills in the South, pur? chased in the past two years, and a fertilizer business which in importance in the South ranks next to railways and cotton. It is more important that such a great enterprise should not be strangled by the abuse of the muscle of money, and it is more important that the same terms of borrowing are not applied to other worthy industries. The South is quite likely to misunderstand the motives of an outcry about undigest? ed securities followed by an interest tax of 183>2 per cent upon the indiges? tion. ? HEAVY INDEMNITY. Suit for $30,000 Filed Against the Seaboard. Columbia, Aug. 21.-Probably the heaviest suit for the death of a rail? way employe filed in a long time in this state lias been entered against the Seaboard Air Line railway by the estate of W. W. Way for $30,000. The suit has been filed in Hampton county through Attorneys Bellinger, Townsend and Haskell, of this city, and G. M. Green, of Barnwell, for the death of Way, which occurred last April. Way was a watchman on a Seaboard trestle near Garnett's, in Hampton county and was killed by a freight train which was backing across the trestle. Suit is filed on the ground that the road was negligent and caused the death of Way- while the defense will be that the engineer had no way of seeing Way and that it was the watch? man's own fault. The case is somewhat similar to the one heard in Lexington sometime ago in which the plaintiff was awarded 88,000, and which was sustained by the supreme court. It will be heard in Hampton county at the next term of court. Hester's Cotton Statement. New Orleans, Aug. 21.-Secretary Hester's statement of the world's visible supply of cotton, issued today, shows the total visible to be 1,324,677 bales, against 1,459,438 last week and 1,432,323 last year. Of this the total of American cotton is 580,677 bales, against 672,43S last week and S3$,323 last year, and of all other kinds, in? cluding Egypt, Brazil, India, etc., 744,000 bales, against 7S7,000 last week and"594,000 last year. Ot" the world's visible supply of cotton there is now afloat and held in Great Britain and Continental Europe 690,000 balis, against 841,00 last year in Egypt 5,000 bales, against 45,000 last year; in India 436,000 bales, against 344,000 last year, and in the United States 194,000 bales, against 202,000 last year.