The watchman and southron. (Sumter, S.C.) 1881-1930, February 10, 1904, Image 1
?iet)ttt?it
o uti) CO l
f *B SUMTER WATCH MAI?, JR?t?b!i?hed April, I860.
"Be Just and Fear not-Let all the Ends thou Aims't at be thy Country's thy God's and Truth's.'
Oosolidated Aug. 2,1881,
SUMTER. S. C.. WEDNESDAY. FEBRUARY 10, 1904.
THE TE?E 80DTHSON, BstablMbed June, li-6
New Series-Vol. XXIII. No. 28
Bf. CS-, Osteen
8?MTSR, S.
TRESS' :
fl 50 per aa naas-ia advaofle.
i?TiBTiiiiiir:
vtee. Square first iusertteo..*?. $1 CO
Svery au aseqneni insertion....~ 50
Contracts for three months, or longer viii
oe ontde at reduced rates.
Ul comtaamcarions wfalcb ?a bserve private
interests will be charged for aa ad versements.
Obi maries and tributes of respects will be
aharged for.
TIE SENEBtt. ASSEMBLY.
Insurance Commissioner Bill Pass?
ed- Also the Bili Permitting the
Sotttheastern Tariff Associa?
tion to Work tn This State
Aid Winthrop College Bill, Providing for
?24 Scholarships Each of $1 CO.
Columbia, Feb. 3.-The House de?
voted a considerable portion of its
session today to the memorial exercises
' in honor of the late John McMaster,
who was an efficient member from
Richland county. Quite a number of
handsome tributes were paid to the
memory of Mr? McMaster.
A great deal "Of argument was devot?
ed to a bill which undertakes/ to dis?
courage tile use of bicycles arid auto?
mobiles on public highways. There
was considerable feeling shown in the
discussion, and the bill/ as.it passed
provides that any, person riding a
bicycle or automobile upon a public
highway beyond corporate limite, and
meeting any person riding on horse?
back or in a vehicle drawn by a horse
or horses, shall stop and dismount
from the bicycle or automobile within
sot less than twenty-fire yards and re-;
main so dismounted until the horse'
or horse-drawn vehicle has passed. The.
//bili was. intended to affect what is
said to be the pernicious and reckless
riding of bicycle? Ly negroes upon
the public highways, but as it has
passed the House it* embraces auto?
mobiles. Mr. Ki bier's bill, which
sought to fix a direct, annual appro
priation-for- all of the State colleges
except Clemson, was defeated.
The concurrent resolution which
?j? was intended to go with the biennial
seession resolution, and which pro?
vides for four-year terms for members
of the General Assembly, was taken
up, but lacked five votes of receiving
the constitutional two-thirds ballot
;(>necessary for it to be ordered to a_
third reading. This does not defeat
its but it remains a pending question
for consideration tomorrow. Mem?
bers insist that the biennial session
programme eau be carried out whether
the four- year term plan is adopted or
not, and that probably it is just as
well to have frequent elections, even
of the members here to serve but one
term before going before the people
again.
The House is looking ahead to the
finish of its work by the adoption of
a resolution that after next Saturday
no more bills can be introduced. The
Senate met at ll o'clock today and
nearly* an hour was spent in transact?
ing routine business, hearing reports
of committees, etc. Before 12 o'clock
Senator Mayfield suggested that, as the
Senate was to attend in the House of
Representatives, to be present at the
memorial exercises in respect to the
late Representative McMaster, of Rich?
land, only uncontested bills be taken
up, and that there should be a night
session. This being agreed to the
Calendar was taken up and "third
reading" bills were passed.
The Senate met tonight, but there
was a very brief session. The report
on Ahe bill against the Southern Rail?
road owning or controlling the South
Carolina and Georgia Railroad was re?
ceived. The report was favorable.
. The bill tb cede to the United States
exclusive rights over certain lands in
South Carolina was returned by the
House with an amendment substitut?
ing the word "concurrent'* for "ex?
clusive."
Senator Sheppard moved to concur
ia the amendment, and this produced
a debate.
Senators Brice, Von Kolnitz and
Walker supported the bill in its origi?
nal form, saying that the District
Courts are now practically ruled over
by South Carolinians, and the per?
sons committing misdemeanors on
; United States lands would receive the
-same treatment in these Courts as in
?-??-the South Carolina Courts.
-: To. -this .Senator Sheppard agreed -,
but said the Courts may. not always
.remain as - they are now. If Judge
Simon ton. or Judge 3 rawley should
die, no one knows who would take
their places. He hoped that there
would be no vacancies on this Benech
during the present Administration,
and .spoke of this in no uncertain
terms. ...
The vote was taken on the motion
to concur, resulting io a tie, which
was broken by the Chair voting
"yea", and the motion was carried.
J It was said during the arguments
that the United States would make
no more appropriations for buildings
on lands over which it did not have
exclusive control and that the Son th
Carolina Representatives in Congress
wanted the change made in the State
laws. Charleston, Florence, Spartan
burg and Georgetown are interested in
this bill.
One of the most interesting features
of the brief session of the Senate to?
night was the presence of Chief Har?
ris, of the Catawba Indian nation, in
Rock Hill. While he was not officially
present, he was in the Senate to plead
the cause of his people, who want not
only more money, bat a more equit
able division of it. He was quite a
novel visitor to the Senate and his
presence was an interesting event.
Columbia, Feb. 4.-In the House
today considerable effective work was
done.
The bill creating an insurance de?
partment, with a commissioner, at a
salary of $1,800, was passed. The
salary is to be paid by a special levy
upon the insurance companies, which
seemed to be entirely agreeable to
them.
Second. The bill which permits the
return of the Southeastern Tariff
Association into this State was passed
to its third reading with a provision
that it can return here to do business
under certain restrictions, and that
the proposed insurance commissioner
shall have control over the rates to a
certain degree. ,
Third. The policy of the General
Assembly seems to be to create scholar?
ships and to provide ample means
with which the scholarships shall be
made self-supporting. In line with
the recent action of the House, pro?
viding for 124 scholarships for Clem?
son, today the same policy was adopt?
ed with reference to Winthrop College,
and an equal number of scholarships
were provided with the same induce?
ment of $100. Last year, the bill was
killed by provision being made that
.?.his additional scholarship fund should,
come out of the current appropriation
for Winthrop, but this year it was
decided to take the money from the
general treasury of the State.
Fourth. The bill looking to the
regulation of bicycles and automobiles
on the public highways was given its
second reading in the House today.
The flood of new bills continues and
today quite a number of important
measures were proposed. I
Mr. DesChamps' bill which is of
considerable importance, and which
provides for an experimental station
in each county, if desired, was passed*
without any opposition.
The franchise tax bill proposed by
the tax commission passed the House
tonight, 89 to 18. It imposes three
mills on gross earnings of public
utilities and one half mill on capital
stock of all corporations doing business i
in South Carolina,
At the night session a number of
the House committee reports were re?
ceived, among them a favorable re?
port on Mr. Seabrook's bill, as to
boundaries on tide water. *
The armory bill was reported favor
ably, with au amendment proposing
that the armory might be built on
State property, if deemed advisable.
The bill would be better if it did not
propose to use any of the State's lands.
Tlie House has agreed to the Senate
amendments to Mr. DeBruhPs- baby
carriage bill.
" Mr. jBoinar moved to strike out the
enacting words of the bill :]
Mr. Pollock wanted the bill read.
Mr. Moses, as a member of the tax
-commission, took up the license or
franchise tax. The commission found
that the system of license tax was
working well. The commission did
not think that the proposed tax was
burdensome. The members must
prepare to pass such a bill or be pre?
pared to raise the levy one-half mill.
The railroads! will have to pay tbe
bulk of this tax, and they are willing.
The banks and cotton mills are the
other largest interests and they are
to be taxed one-half mill, and it is as
broad as it is long, if they pay by
direct levy or by this franchise tax.
He said the full financial condition
of the State has already been * fully
shown and the whole status is that
something has to be done to get the
State on a cash basis. There has to
be one or another method adopted,
direct or indirect taxation. The pre?
sent State levy is now one of the larg?
est in the. country. Mr. Ki bier asked
how much this bill will raise.
' Mr. Moses said a request was made
for a statement of all the charters in
the State. No such request is avail?
able. The best advice was that this
bill, if passed, will raise $80,000, and
it will raise $39,000 on the railroads
alone, and they are not opposing this
bill. There is no deficit, but the
State is a year behind and the State is
appropriating $30,000 to $50,000 more
than its present income. The rail?
roads object to the manner of assess?
ment, but not to ti: e amount of the
tax.
Mr. H. L. Bomar, of Spartan burg,
spoke against the bill.
Mr. W. J. Johnson, said this bill
would bring on the tax books property
that was not paying taxes, and second,
the State needs and must have the
money. The principle of franchise
taxation is nothing new. New York
has it, and New York BS the father of
all corporation law. Roosevelt, when
Governor, found that the workingman
was overburdened. The Legislature
was called and the evil was remedied.
The matter. was fought through the
Courts, but the law was finally upheld
by. the Supreme Court of the United
States. - ' Uliio, the home of Mark
'Hanna, the arch-enemy of the people,
.has the ? same. law. The corporations
of New Jersey are contributing $300,
000 annually for the support of the
Government. In South Carolina we
raise practically all OW tax by direct
taxation. We are borrowing today
$375,000, with interest, annually. The
people are paying more than their
share, and it is time for the corpora?
tions to pay their part. Take the
street railway of Columbia, which is
a monopoly. It has a franchise keep?
ing others out.
Mr. John P. Thomas, Jr., as a
member of the tax commission, went
into an exhaustive explanation of the
bill and exactly what it meant. The
first question is: Is it necessary?
That is so plain that there is no need
for discussion and then comes the mat?
ter of justness and right. Although
the bill is against corporations, it is
based upon assumed and logical rea?
soning. Corporations enjoy advantages
that others do not, and the State, by
this tax, is getting back in part what
concessions it has granted. He urged
that the bill was constitutional. He
urged that this was a license upon a
business. If the State bas a right
to make a distinction of different
businesses, it has a right of dif?
fering between doing bnsiness un?
der different methods. The General
Assembly can divide property doing
buisness nuder charters and those do?
ing business without charters.
Mr. Tatum moved the previous
question, and on the motion to strike
out the enacting words, a yea and
nay vote was demanded, which result?
ed, yeas (to kill the bill, ) 18; nays,
(for the bill, ) 89.
In the Senate today the bill of Rep?
resentative Toole, to provide for a
special township road tax, brought
forth much discussion. All Senators
who spoke oe the bill favored good
roads and generally permitting the
people of counties to vote taxes for
the purpose of building good roads,
but several objections were made to
particular provisions of the bill, and
with some amendments the bill pass?
ed a third reading and was sent to the
House.
Senator Manning offered a number
of amendments to the bill presented
by Senator Harden in reference to fer?
tilizers. Mr. Hardin's bill included
"cotton seed meal" in the general fer?
tilizer inspection law. Mr. Manning
explained several scientific facts about
cotton seed meal and made remarks in
favor of his amendment It all looked
like smooth sailing until he offered
one, which struck out Section 10,
which reads as follows :
f Section 10. That Section 1,542 of
the Co:Ie of Laws of South Carolina,
1902, be amended by striking out all
of the said section and inserting the
following in lieu thereof, to wit :
Section 1,542. All sales, or contracts
for sale of fertilizers, fertilizing ma?
terial and cotton seed meal, in viola?
tion of this article shall be void: no
Jtitle shall pass by such sale and no
person buying such fertilizers, fertil?
izing material or cotton seed meal
shall be bound in any manner to pay
the price or cost thereof.
This brought up a general discus?
sion of the fertilizer conditions and
prices and there was much debate on
one side of the question or the other.
Finally, on motion of Senator Rags
dale, ot,Fairfield, all proposed amend?
ments to the bill were ordered printed
in the Journal and further debate on j
the bill was adjourned.
The House fixed tomorrow at noon
for the election of the trustees of
Clemson and Winthrop. The election
is to fill.the vacancies occasioned by
the resignations of Dr. T. A. Craw*
ford, of the Winthrop board, and
Capt Ivy M. Mau)din, of the Clemson
board. The Senate has not yet agreed
to this time for the election.
At the night session of the Senate
the special order, Mr. Mayfield's bill
authorizing the Attorney General to
institute proceedings to test the valid?
ity of the lease by the" Southern Rail?
way of the^Carolina division created
much debate. Mr. Mayfield explained
that the idea of the bill was to settle
once for all the question of the con?
stitutionality of such railroad leases.
Under the present law any citizen
may bring a suit to test the constitu?
tional question, and there is a penalty
attached in case the law is determined
unconstitutional, the one bringing the
suit to receive a portion of the amount
recovered in Court.
After long discussion a vote was
taken, and the motion to indefinitely
postpone the bill was lost, the vote
being 3* to 1. The only vote in favor
of the motion was by Senator J.. W.
Ragsdale. Senator J. W. Ragsdale an?
nounced that he would have voted in
favor of the motion to indefinitely
postpone, but that he was paired with
the senator from Charleston.
The Senate then proceeded to dis?
cuss bills about which there was| no
contest The bill relative to an appro?
priation for the Charleston Confeder?
ate Home College scholarships was
passed. An amendment offered that
the t appropriation should come ont of
the pension fund was agreed to.
Columbia, Feb. 5.-The House to?
day passed the compromise bill ex?
empting from examination in junior
studies the graduates of the Charleston
Medical College. They are to be ex?
amined in the senior branches how?
ever- ,
. The Morgan bill, repealing the fire
insurance anti-compact law was sent
to the Senate.
There was a long fight on Mr.
DesCliamps' bill to provide for an
agricultural station in every county.
It was recommitted. The fight was
based on the ground that these sta?
tions would not do much good, and
would injure Clemson College by tak?
ing away $12,000 a year from its in?
come.
At a joint session J. ?. Tindal, of
Clarendon, was elected a trustee of
Clemson College, and 5. R. Tillman
a trustee of Winthrop to succeed them?
selves. .. . ^
There was much debate in the Senate
today on Senator Manning's bill to
appropriate $2,000 for the Confederate
Home College of Charleston. Sena?
tors Manning, Marshall, Von Kolnitz,
Penrjfoy and Harding spoke for the
bill and Senators Sharpe, G. W. Rags?
dale and Gaines against it the latter
making the motion to strike out the en?
acting words. This was rejected by a
vote of 20 to 14 and the bill went to
the House with the amendment taking
the appropriation from the pension
fund stricken out It is proposed by
the friends of the bill to ask the ap?
propriation direct
Discussion was renewed on the bill
to test the Southern's lease of the
South Carolina and Georgia railroad.
The bill was passed at the night ses?
sion.
The bill to grant electric light and
power companies the same right of
condemnation as telephone and tele?
graph companies enjoy provokt-d dis?
cussion. Instead of the anu?::ment
making the companies place the. r roles
fifty feet from the public highways,
Senator Hydrick submitted an amend
ineent to require the use of lightning
arresters, automatic cut-offs, etc.
This was adopted.
Among the new bills wore: Senator
Marshall, to prevent fraud in horse
racing; Senator Walker, to prevent
stealing electric current.
MULATTO REPUBLIC
HUNTING TROUBLE.
A Week-Old Piece of Important
News From San Domingo
American Launch Fired Upon.
San Domingo, Monday, Feb. .1-The
insurgents this morning deliberately
fired on the launch of the auxiliary
cruiser Yankee, killing J. C. Johnston,
the engineer. The bullet entered his
head above the eye.
United States Minister Powell has
directed the captain of the Yankee to
take drastic measures to avenge John
I ston's death and this insult to the
American flag.
". Johnson will be buried on shore this
afternoon.
NO REPARATION DEMANDED.
San Domingo, Wednesday, Feb. 3.
The funeral of J. C. Johnston, the
engineer of the Yankee launch, who
was deliberately killed by the insur?
gents last Monday, took place this
morning instead of Monday afternoon,
as had been arranged. The body was
escorted to the grave in the Santa
.Barabara cemetery by detachments of
marines, blue jackets and officers from
the Yankee, headed by the ship's
band. There were in all 100 men from
the cruiser in the cortege. . United
States Minister Powell, the American
consul, and vice consul and nearly all
the diplomatic and consular represen
.tatives here went to the funeral. The
provisional government sent a detach?
ment of troops to act as an escort. .
Great surprise is expressed by all
foreigners here that the commander
of the Yankee ha's not demanded im?
mediate satisfaction for this inexcus?
able act and for the firing upon the
American flag by the insurgents.
There was heavy firing all day today
around the city.
HESTER'S WEEKLY STATEMENT.
The Official Statement as to the
Movement and Present Where?
abouts of the Cotton Crop.
New Orleans, Feb. 5.-Secretary
Hesters weekly cotton statement issued
today shows for the five days of
February a decrease under last year of
6,C00, and an increase over the same
period year before last of 71,000. For
the 158 days of the season that have
elapsed the aggregate i is m behind the
same days of last year 4.000,. and ahead
of the same days year before last 26, -'
ooo.
The amount brought into sight dur?
ing the past week has been 206,948
bales against 263,171 for the same
seven days last year, and 189,699 year
before last.
The movement since Sept. 1 shows
receipts at all United States ports
6,121,695 against 5,999,463 last year.
Overland across the Mississippi, Ohio
and Potomac rivers to northern mills
and Canada 612,844 against 763,394
last year ; interior stocks in excess ol
those held at the close of the com?
mercial year 359,100 against 349,962
last year, and southern mills taking
1,056, against 1,040,927 last year. Total
movement for the 158 days since Sept.
1, 8,149,639 against 8,153,746 last year
and &\123,318 year before last
Foreign exports for the week have
been 175,930 against 208,559 last year,
making the total thus far for the
season 4,679,290 against 4,520,695 last
year.
2 The total takings of American mills;
north, south and Canada, thus far for
the season have been 2,547,442 against
2,477,731 last year.
Stocks at the seaboard and the 29
leading southern interior centres have
decreased during the week 7,833 bales,
against a decrease during the corres?
ponding period last season of 65,316
and are now 279,688 less than at this
date in 1903.
Including stocks left over at ports
and interior towns from the last crop
and the number of bales brought into
sight thus far for the new crop, the
supply to date is 8,317,438 against
8,368,820 for the same period last year.
I What Are They ?
Chamberlain's Stomach and Liver Tab?
le!?. A new remedy for e tomach troubles,
.bilion?ness and constipation, and a good
one. Price '25c. For sale by China's Drug
8tore.
Cairo, Egypt, Feb. 5. -The collapse
in cotton in the United States, coupled
with the far Eastern news, has caused
a heavy fall in contracts and many
speculators have sustained serious
losses.
Mysterious Circumstance.
One was pale and sallow and the other
fresh and rosy. Whence the difference ?
She who is blushing with health uses Dr.
King's New Life Fills to maintain it. By
gently arousing the lazy organs they com?
pel good digestion and head off^sonstipa?
tton- Try them. Only 25o. at J. F. W.
DeLerme's.
Amsterdam, Feb. 5.-Advices re?
ceived here say that an entire town on
the Island of Java, Dutch East In?
dies, has been swallowed up by a vol?
canic eruption and hundreds killed.
Lost His Grip.
When a man has lost his grip, on- the;
affairs of life, feels incapable of perform?
ing the ordinary duties that business re?
quires-body languid, brain dull-his liver
is out of order. Rydale's Liver Tablets are
what he needs One dose usually will, two
always will restore normal condition of
body and mind, and fit a man for the du?
ties and pleasures of life again. Rydale's
Liver Tablets are easy to take, pleasant in
effect, satisfactory in results, economical.
"?() ohocolate coated tablets in a convenient
box, 2r> cts. AU dealers.
SMALL SPECULATORS CAUGHT.
Big Bulls Withdraw Support From
Cotton Market and Prices
Tumble.
New York, Feb. 3.-Brokers went
home last night expecting exciting
times in today's cotton market, but
they were met with developments even
more nerve-racking than they had ex?
pected. They met it at the start The
market was deluged with selling orders
received over night and prices were
forced down partly on talk that at last
the bnll campaign had come to an end.
It seemed apparent that there was no
organized support to prices and the
ring was surrounded by a pushing
throng of wildly excited brokers sell?
ing until March had broken from 16.25
at the opening to 15.88, May from
16.55 to 16 cents. Then came a partial
rally of 20 to 25 points, but there was
no aggressive demand and soon prices
were again working downward in an
irregular jerking fashion. The de?
cline was faciliated by heavy estimates
for tomorrow's receipts and the belief
that popular confidence in higher
prices for cotton has been materially
shaken by the developments of yester?
day. It had been thought that the
decline of over a cent a pound yester?
day had shaken out the outside long
interest, but the recent advance of
about 3}o cents per pound in a little
over two weeks had enabled many out?
side to accumulate profits sufficient to
protect their accounts. Today, how?
ever, these holders seemed anxious to
close out and save, what they had left
of their former winnings.
Toward midday supporting orders
from New Orleans came in rallying
the market about 20 points from the
lowest. Trading at this level was less
active and sentiment was evidently
very feverish and unsettled. There
was more or less baying on the reac?
tion theory and buying orders were
received from New Orleans. There
was scattered selling for long accounts
and it appeared that the bears were
feeling more confident as a result of
rumors that a leak in the forthcoming
census bureau's report had caused the
sadden withdrawal of local bnll sup*
port
The market in the late trading
showed a somewhat firmer tone on
covering and bull support and rallied
until at !the close it was steady at a
net decline of 5 to 32 points.
Sales estimated at 700,000 bales.
New Orleans, Feb. 4.-About the
worst break in the history of cotton
future trade in New Orleans occurred
today when vague war rumors prices
were sent dom until they were from
166 to 180 points lower than the close
of yesterday and May was $9 a bale
cheaper. Notwithstanding this break
there was a little excitement about
the cotton exchange at the close and
no fear was expressed that any of the
local firms would fail. At the opening
prices broke sharply, March going off
106 pointe from yesterday's close to
15.50. Prominent bulls supported the
market and prices recovered. Toward
noon the market became quiet and un?
interesting and the general opinion
was that the trend of prices would con?
tinue upward. Soon after the noon
hour and whil? many brokers were at
lunch a telegram was received from
Chicago by a wire house saying that
cables had been received telling of the
declaration of war between Japan and
Russia.
Value commenced to slide swiftly
downward and in five min?tes time the
ring was in a panic The general
desire was to sell, not matter what
pr?ce the colton offered for sale
brought
The combination pit and ring at the
cotton exchange was an emphitheatre
of struggling, yelling humanity wild
with anxiety and their fears appeared
to be ?ll the greater because they were
not exactly aware of what they were
afraid of. Hundreds of thousands of
bales of cotton were thrown into the
ring and the sellers exceeded the buy?
ers 10 to one. This mad scene lasted
until weil on toward the close of the
market when the ring finally had a
sold-ont appearance. At this stage
the bull leaders again took a hand in
the operations and by buying every?
thing offered and by strenous bidding
quickly sent prices up 50 points. Thc
market, however, had a weak under?
tone and prices again sagged toward
the close. At the closing prices were
from 147 to 168 points lower than the
close of yesterday. On the curb the
weakness continued and at the close of
the curb trading prices were again at
about the lowest level of the day. At
?the lowest levels March was 166 points
lower than the close of yesterday
at 14.90; May was 168 points lower at
15.45 and July was 180 points lower at
15.70.
IN NEW YORK.
New York, Feb. 4.-The utmost con?
fusion and excitement attended the
opening of the cotton market again to?
day. The bullish utterances from New
Orleans yesterday and the report that
New Orleans bulls had placed unlimit
ed.buying orders in the local pit just
before the clone of business last night
had led many to believe that today
would witness a resumption of the re?
cent upward trend of the values. It
seemed, however, that it was New Or?
leans against the world, for this morn?
ing Liverpool instead of advancing as
expected, reported a decline of 20 to
26 points under Egyptian *nd conti?
nental selling.
This led to a weak opening
LJiere with first prices at a decline of
47*to*59 points on the old and of 15 to
20 points on the new crop positions.
After noon the market was mucii
less active after it had rallied a little
more than half a cent on the active
months. The New Orleans crowd
seemed ready to support prices on any
signs of returning weakness but did
not appear to be operating aggressive?
ly for a further advance. Shortly be?
fore the close there was another vio?
lent break in prices, the May option
selling down to a price 116 points or
more than a cent a pound below last
night's close. The late selling was
precipitated by rumors that war had
actually been declared between Russia
and Japan. This rumor caused the
utmost confusion, and its effect show?
ed the extremely sensitive state of the
cotton market at this time.
New Orleans, Feb. 5.-Today saw
the wildest scenes of this week in the
cotton market
At the lowest levels of the day prices
were from 152 to *80 points lower than
the highest levels and about three
cents lower than what cotton was sell?
ing for at the first of the wet&.
The market was thrown into a panic
soon after the opening by the immense
amount of cotton that was offered for
sile. Where the offerings came from
was a mystery, bot thousands of bales
were thrown upon the market, forcing
prices down 10 to 10 points . at a time.
Such wild scenes were never before
witnessed at the cotton exchange.
Crowds of people lined Gravier street,
watching the brokers in their eager?
ness to get nearer the centre. of the
ring and offer their cotton. There ap?
peared to be ten sellers to one buyer.
At the height of the turmoil, the bull
leader, W. P. Brown, pleaded with
the brokers to stop offering their cot?
ton 15 and 20 points under the market.
"You will break the market and
yourselves if you continue, he said.
"Take the cotton yourselves and carry
it and you will make a profit on it.
Brown's stand against selling immedi?
ately had its effect as it was. clearly
evident to every one that the rules of
the exchange were being broken by
the way many brokers were offering
cotton. The bull leader followed his
speech by heavy bidding and buying,
and in a few minutes other longs fol?
lowed his lead and in a short time in
place of the panic comparative quiet
reigned, and prices showed a material
recovery, although the market, had a
weak tone up to the close.
At ?he lowest levels of the day
March had lost 152 points at 13.88;
May had lost 175 points at 14.15 ; and
July had lost 180 points at 14.50. The
close was from ?5 to 70 points higher
than the lowest levels of the day.
COMPLETE DEMORALIZATION.
New York, Feb. 5.-The drop in
cotton prices was continued today
soon after the market opened. The
May option sold at 14, a decline of ISO
points, or a cent and one-fifth per
pound since yesterday. The selling
was so heavy that the market seemed
to be completely demoralized.
During the decline rumore of all
kinds were circulated. Commission
houses holding large lines cf cotton
which were either not sold on the ad?
vance or were bought en- the break
yesterday on the theory of reaction
threw thousands of balee on the mar?
ket for whatever price they would
bring. - -
At the opening many thousand bales
of both May and July cotton were
bought by the bull pool and this suc?
ceeded for a time in stemming the \
decline. By taking large quantities
of cotton the pool brokers succeeded
in holding the market and with other
brokers covering short cotton priced
advanced about y? cent in 15 minutes.
Then another wave of liquidation
swept over the pit and it soon became
evident that the power of one indivi?
dual or a set of individuals was not
great enough to prevent a crash. The
Buying was no more ' than a drop ia
the bucket and prices crumbled away
again about as rapidly aa was the case
yesterday.
At the low point prices were 450'
points (4^2 cents per pound) below the?
il ig h figures of Monday.
After the rush to sett? bad abated
there was a rally and just before the
close the bull pool bought, bidding
July up to 14.9? The ci?se was fair?
ly steady with July quoted at 14.84.
The net decline was 35 to 52 on the old
crop, while the new crop months were
five points higher to ten points lower.
Fewer gallons; wears longer; Devoe.
im II n II ???-**
Nearly Forfeits His Life.
A runaway almost ending fatally, start?
ed a horrible ulcer on the *eg of J. B. OT
ner, Franklin Grove, UL For four j ears
it defied all doctor* and all remedies. But
Bucklen's ?rnica Salve had no trouble to
cure him. Equally good for borna, bruises,
skin eruptions and piles. 25c at De?
lora, e's Drug Store.
ACHES ALL OVER
Sumter People Have Feit That
Way But There's $0 Need
For lt.
When the kidneys are sick bad blood-ls
pumped to every organ, tissue and cell of the "
body. That's why kidney sufferers "ache all ,
over." No need to. There's a mtre in Doan's
Kidney Pills and Sumter people are learning
of it. Here's a case :
Ceo. Ingram, farmer, well known tn Sumter -
says : "1 believe you have a most valuable
medicine for backache, for I never had any?
thing do me so much good as Doan's Kidney
Pills which I procured at Dr. A. .). China's
drug store. My back hascauscd sae a lot of
suffering: I did not know that it was my kid?
neys but thought I had malaria all through
my bones for they ached so. The aching ex?
tenden] all up and down my back clear into
my shoulder and down my leg* I do not think
I had a spot about rn?! where the pain did not
strike and every once in a white ? had a dull
gnawing kind or a pain across the small of mv
hack and then again shan) shooting pains ail
over. I r <ed numerous remedies and make?
shifts bu;, found nothing to do me. any good.
The kidney secretions became dark and strong
and looked like ?iver when Ic/t to stand to get
?.old. They were too frequent In action and
disturbed my rest nights. The ?rsi.night after
I used Dean s Kidney Pills I toki my wife f
felt tatter. 1 thought it. might be imagina?
tion mit il after usins the pills a couple of
days when I knew the pains were lessened
and the secretions from thc kidneys soon
ceased to annoy me as they formerly did. I
ha vi? not had a return of the aching and pain
since 1 used I>oan's Kidney I*iHs.'r For salv
by all dealers. Price, .">() cents per box. Fos- .
ter-Milbum Co.. Buffalo. N. V.. sole agents
for the United States. Remember thc nam??
Doan's-and take no substitute. 10