The watchman and southron. (Sumter, S.C.) 1881-1930, June 27, 1906, Image 3
COTTON TRUST SUGGESTED.
0
Alleged Advantages of a Combination
of Cotton Mills, With the View of
Eliminating the Cotton Speculators.
It was an almost pathetic feature of
the Washington conference of cotton
growers and spinners that so little
could be done toward eliminating the
"speculator in cotton futures. On
many of the other objects for which
W the conference was called, r. : prog?
ress seems to have been made. As
one definite result a virtual gentle?
man's agreement exists between grow?
er and spinner to work for better bald?
ing and the matter of government crop
^ reports was so thoroughly -discussed
ms that definite effects are bound to fol
Bp low the discussion. But when it
r came to speculation, the delegates
virtually acknowledged their power?
lessness, for their positive work in?
cluded little more than a strong res
. elution of condemnation.
From that, of course, the only tan
gible effect is that it places grower
^? and manufacturer both squarely on
record as believing that speculation is
disastrous t?feoth parties and/is, there?
fore, a common evil against which
every individual is pledged to work.
^. Some of us have hardly expected, in
i?L^iew of the general interest in specu
|B lation there is among planters and
Hr business men alike, that so broad a
condemnation would arouse so little
discussion as to the right of the indi?
vidual to hedge his future dealings.
There was one speaker at the con
ference, however, who actually hinted
m at what may be the final solution of
vf the whole cotton' supply problem-a
cotton trust. It has for many years
. been a boast at the meetings" of the
various cotton manufacturers that
th. rs is the- only great American
V industry not as yet in any portion, con
T trolled by a trust.
President MacColl, for one, gave
voice to this*only the other day It is
true that there are several chains of
mills managed from one headquarters,
like those of Robert Knight, or the
fe* Goddards or the big commission
l^??fcpusesy'and that there are corpora?
tions which have a mill at the North.
The recent consolidation at Manches?
ter, N. H., which brought under one
corporate control mills worth over
half a million spindles with some 12,
000 employees, created an organiza -
1 as powerful as the trust which
f r ny lines of business now have.
But for an out and out combine, one
which has an authoritive voice or
large power in the whole indstry, the
cotton business has none, and the on?
ly serious attempt ever made to form
rone, that at Fall River in 1899,
ended without success. ,
There is room for honest doubt,
just the same, whether'the result of
this absolute independence has been
all that is claimed for it.
I Perhaps it has resulted in cheap
WL er cotton for the final consumer than
m would have come from a combined
industry. That is always claimed for
. unrestrained competition and is its one
conspicuous merit. But not even the
beneficiaries of competition will in?
sist that its effects ought *o include
a failure on the part of the mills to
Fearn dividends or even to result in
meagre earnings. Yet that is ex?
actly what the agent of the Cocheco
Mills, Charles H. Fish, than whom
few stand higher in the cotton in?
dustry, told the cotton planters at
this same conference was happening:
^ "We know very well that in our cot?
ton mills in the North comparatively
few of them are making a legitimate
profit. Many of them are paying
dividends which came partially, if not
entirely, from a surplus which have
come to them perhaps from a rise
in values or good business of many
years ago."
Obviously the cause of this condi?
tion, or at least a partial cause, is
the competition between the mills.
The elimination of this by combina?
tion would go far toward making the
industry properly profitable.
Nevertheless, one may well suspect
that another cause, the speculative
character which the whole industry
has acquired as a result of the work
of the operator in cotton futures, is
fully as responsible as any-other fac?
tor for the state of the industry. To
quote Mr. Fish again:
"I think what the manufacturers,
both South and North, need more
than anything else is a stable erice
for cotton." That such stability is
possible until there exists in the in?
dustry a dominant influence, which
can regulate prices of cotton and of
goods and* most essential of all, can
regulato the production and distribu?
tion of cotton from year to year, is
doubtful. Certainly when a ccmbina>
tion comes in the cotton industry,
and it is a fair guess, reasoning from
the experience of most other indus?
tries that its ultimate coming is cer?
tain, its managers will never be wil?
ling to be at the absolute mercy of
the New York cotton ring.
Just how an equality in cotton
crops will bc brought fbout is not
absolutely clear. Whatever are the
sins of the Standard Oil Company,
and they are many enough, its ex?
perience can furnish much l-~ht on
this problem, for it has only suc?
ceeded in regulating th3 supply of
oil going on the various markets,
spreading by a mammoth system of j
storage the surplus of fat years
smoothly over those which are lean
in production, but it seems elso to
have succeeded in alternately en?
couraging or. discouraging produc?
tion itself by making prices for crude
j oil attractive or the reverse, thus in
a measure accomodating the amount
of oil offered to the world to the
amount the world needs. In many
ways cotton is susceptible to just the
same methods for equalizing, supply.
A long step ' in the right direction
will probably have been taken when
the South is more plentifully sup?
plied with ware houses, that the
market may never need be forced.
Perhaps the industry is not ready for
any more combination that that yet.
Eut if a- regular trust were to come,
there are many intelligent people who
believe that its effect on the indus?
try, by the limitation of speculation
and the calming of markets, would
be altogether beneficial.-American
Wool and Cotton Reporter.
Palled on. the Public.
It is somewhat notable and remark?
able that the session of the dispensary
investigating committee which closed
Thursday attracted less public notice
and attention than any of the pre?
ceding sessions, although the testi?
mony adduced would seem to be of a
far more sensational character. There
was talk of beaver hats full of $1,000
bills and whiskey drummers and
members of the board of dispensary
directors going about with rolls of
greenbacks as big as loaves of
bread. There was the most, direct
and significant evidence of open brib?
ery and corruption, so bold that
those engaged in it bragged about it
to mere strangers. Tell-tale letters
were produced which can only signi?
fy that official administrtion was di?
rectly contrelled by the payment of
cash cnsiderations and that the trans?
actions v. ;n a large scale. ~
Tet t t\. is less public interest in
all this -ian there was a year ago in
testimony that sub-dispesers had writ?
ten letters to liquor dealers asking
?or free samples and that they had
sold empty cases worth-a nickel for
25 cents apiece, much less interest
in the payment of bribe" amounting
to $8^000 to $15,000 t members of
the state board than there were was to
a beer dispenser paying $200 for his,
election by a county board.
The Charleston News and Courier
and the Columbia State are calling
for a leader to'lead the people away
from the dispensary. "Where in the
name of God!" shouts the Charleston
paper, is a leader? Bul; no leader
appears. There is no anti-dispensary
candidate fou governor, other than
a prohibition candidate who is not
taken seriously. Three of the five an?
nounced cadidates for governor stand
for the continuance of the State dis?
pensary. The voting out of dispensa?
ries under the Brice law ceased sev?
eral months ago and the movement
seems to be slow about reviving. The
impression is spreading that the dis?
pensary instead of growing weaker is
growing stronger.
Whv is this so? Some say that the
public conscience has become dulled,
that corruption is so common and so
widespread that nobody cares much
abo at it any more. Why doesn't a
"leader" arise to ride into power and
reform things on the wave of indigna?
tion which such revelations ought to
be expected to arouse? The questions
are unanswered and no leader arises
to take advantage of this particular
issue. None of the, candidates for State
office who conducts his canvass on the
basis of, practical politics dares to
fight the dispensary.
The people are tired of revelations.
They are tired of hearing about brib?
ery and corruption. They are surfeit?
ed witn stories of grafters. The thing
is too common to be interesting. They
want something new. So the investi?
gating committee being powerless to
hold public attention longer is going
to adjourn and quit. The people know
and have known for years that the
dispensary is rotten and corrupt and
they know it will continue so, if run
as at present, because the temp?
tation is too great tu be resisted by
the men who are willing to accept of?
fice in it.
Yet the people seem to be well
enough content with the dispensary.
The storm of frenzy of last summer
has blown over. The committee pull?
ed off its first revelations a year too
soon and the newspapers and the pub?
lic expended too much energy in de?
nouncing the petty grafting of the
sub-dispensers and beer dispensers to
have much interest left in the hatfuls
of greebacks and the rolls of $1,000
bills.-Spartanburg Journal.
Following the Flag.
?When our soldiers went to Cuba
and to the Philippines, health was the
most important consideration. Willis
T. Morgan, retired commissary ser?
geant U. S. A., of Rural Route 1, Con?
cord, N. H., says: "I was two years in
Cuba and two years In the Philippines,
and being subject to colds, I took Dr.
King's New Discovery for consump?
tion, which kept me in perfect health.
And now, in New Hampshire, we find
it the best medicine In the world for
coughs, colds, bronchial troubles and
all lung diseases. Guaranteed at Si- j
?bert's Drug Store. Price 50c. and $1.
Trial bottle free.
THE CONTRACT LET.
' Tile County Court Hm; se to Be Built
by Mr. Moise DeLeon, cf Atlanta,
For $69,900.00-One ci the Most
! Elegant Court Houses in the South
-A Brief Description.
_
j From the Daily Item, June 21.
The contract for the construction
of Sumter's magnificent Court House,
which was designed by Messrs. Ed?
wards and Waiter, architects, cf Co?
lumbia, has been let for $69,900.00.
The County Board of Commission?
ers met on the 19th and received
seven bids from various parts of the
country. The bidders were: George
Ittner, of Atlanta; Moise DeLeon, cf
Atlanta; H. C. Morrison, Contracting
fe Supply Co., of Atlanta; The Central
Carolina Construction Company, of
Greensboro, N. C.; The King Lumber
Co., of Charlottesville, Va.; Geo. W.
Waring, of Columbia, M. T. Lewman
fe Co., of Louisville, Ky. When the
bids were first received and examined
by the Board, k was' found that the
amounts were in excess of the money
ir hand for Court House purposes.
The bidders were then required to re
?guie, reducing their bids by elimina?
tion of certain items and substitution
of others. These ideas were sug?
gested by tht architect, Mr. Edwards,
and 'upon "the receipt of the revised
figures on the 20th instant, the same
having been brought within ... the
amount that the commissioners felt
justified in expending for the Court
House the contract was awarded to
Mr. Moise DeLeon, of Atlanta, he be?
ing the lowest and a thoroughly
responsible bidder, at <he sum cf $69,
900.00. y
Mr. DeLeon is a contractor ' of
great ability, and has been a success?
ful bidder for some of the largest
contracts ever let in the South. Our
High School building was constructed
by him, and he built the Court House
at Darlington, which work . was emi?
nently satisfactory to the' architects
and the people of Darlington,
The classic style of architecture
will be followed in the construction of
(Jur Court House: it will be a massive
and elegant building, and. a splendid
idea of its appearance may be had
from the painting on display in one
of the display windows of the D. J.
Chandler Clothing Co.
The building will measure 126 by
96 feet, and will have an elevation of
46 feet. The basement will be of
stone, and the building proper of the
highest class buff pressed brick. The
trimmings will be of stone and the
cornice of copper. All the porticos,
halls and corridors will have tiled
floors and will be finished in oak.
The new Court room will be one of
the handsomest in the country. All
of the effects will be colonial. The
wood work will be in mahogany, and
the furnishings in the bar and
throughout the room will be of the
best type manufactured in this coun?
try.
The record room, one of the most
important rooms of the Court House,
will be the handsomest and most
completely equipped record room that
can be found, anywhere.
All of the offices are spacious, am?
ple and elegant, and the building
should easily accommodate all the
necessities^ of growing Sumter for the
next century.
*A hacking cough is most annoying.
One Minute Cough Cure draws the in?
flammation out of the throat, chest
an \ lungs. Sold by all druggists.
Put your advertisement In The Daily
Item if you want results.
Will. Cure Consumption.
A. A. Herren, Finch, Ark.,.writes: "Fo?
ley's Honey and Tar is the best prepa?
ration for coughs, colds and lung trou?
ble. I know that it has cured con?
sumption in the first stages." You
never heard of any one using Foley's
Honey and Tar and not being satisfied.
Durant's Pharmacy.
A Thousand Dollars' Worth of Good.
*"I have been afflicted with kidney
and bladder trouble for years, passing
graver or stones with excruciating
pain," says A. H. Thuraes, a well
known coal operator of Buffalo, O. "I
got no relief from medicine until I be?
gan taking Foley's Kidney Cure, then
the result was surprising. A few doses
started the brick-dust-like substance
and now I have no pain across my kid?
neys and I feel like a new man. It has
done me $1,000 worth ut good." Fo?
ley's Kidney Cure will cure every form
of kidney or bladder disease. Durant's
Pharmacy
?There is no need worrying along in
discomfort because of a disordered di?
gestion. Get a bottle of Kodol for
dyspepsia, and see what it will do for
you. Kodol not only digests what you
eat, but is a corrective of the greatest
efficiency. Kodol relieves indigestion,
dyspepsia, palpitation of the heart,
flatulence and sour stomach. Kodol
will make your stomach young and
healthy again. You will worry just
in the proportion that your stomach
worries you. Worry means the loss cf
ability to dc your best. Worry is tc be
avoided at all times. Kodol will take
the worry cut of your stomach. Sold
b; a-1 druggists.
The Delineator for July.
The midsummer fashiors wich Q
wealth of Illustrations in color and
in ' black-?and-white are attractively
! portrayed in The Delineator for July,
i Helen Berkeley-Loya tells how the
summer girl will be frocked and fur
leiowed, and the dress of Paris is dis?
cussed bv M. Edouard.La Fontaine,
one of tnc best-known critics in Paris.
In the literary sec-iion the most no?
table, feature is the opening chapters
of -The Chauffeur and the Chape
rm." a nc-w story ->y C. X. and A. M.
V'i'.iiamion. authors of "The light?
ning Conductor."' \he story, which
which deals with a group of inter?
esting people cruising in a motor boat
over the quaint waterways of Hol?
land, promises to be the brightest
and cleverest novel that these re?
nowned vvriters have yet produced.
Mrs. Mary Hinman Abel contributes
a chapter on "Flies and Food" in The
Delineator's campaign for safe fojus.
and Clara E. Laughlin opens a series
of "Stories of Painters' Lives," with
"Millet-the Peasant Painter." Bur?
ton E. Stevenson has the second p'art
of the tale "The Rose of Sharon."
and there is a short story entitled
"The Baby.* by Zr na Gale. "Tho
President of Quex," Helen M. Wins?
low's entertaining club story, is con?
cluded. For the children, there arc
Stories and Pastimes, among them the
first of the series of "'Tales of the
Mountain Giants," and a clean scory
by Edmund Vance Cook, "Down the
King's Chimney." For the house?
wife there are many articles of time-,
ly interest, including Novelties for
Summer Feasts, Strawberry Favorites
and New Vegetables Cleverly Served.
Chicago, 111., June 22.-Richard
Ivens was hanged at 11:40 this a. m.
for +he murder of Mrs. Franklin C.
Hollister, [ a society church woman.
The victim was walking from the
florists to her horne* when overtaken
and dragged into his father's carpen?
ter shop, where he tortured and as?
saulted her and finally tied a piece of
wire around her throat and twisted
the ends with^a pair of plyers until
death ensued.
The Very Best Remedy for Bowel
Trouble.
?Mr. F. M. Borroughs, an old and
well known resideat of Bluff ton, Ind.,
says: "I regard Chamberlain's Colic,
Cholera and Diarrhoea Remedy, as'the"
very best remedy for bowel troubie. I I
make this statement after having used j
th? remedy in my family for several j
years. I am never without it." This
remedy is almost sure to be needed be?
fore the summer is over. Why not
buy it now and be prepared for such
an emergency? Sold by all druggists
In Sumter.
Every Claim is Backed bj Lo?
cal Testimony.
If the reader wants stronger proof than
the following statement and experience of
a resident of Sumter, what can it be ?
Geo. Ingram, farmer, well-known in Sum?
ter, says: "I believe y<^i have a most valua?
ble medicine for backache, for I never had
anything do me so much good as Doan's Kid?
ney Pills which I procured at Dr. A. J. China's
Drug Store. My back has caused me a lot of
suffering: I did not know that it was my kid?
neys but thought I had malaria all through
my bones tor they ached so. The aching ex?
tended all up and down my back citar mto
my shoulders and hown my legs. I do not
think I had a spot about me where the pain
did not strike and every once in a while I had
a dull gnawing kind of a pain across the
small of m3' back and then again sharp shoot?
ing pains all over. I used numerous rem?
edies and make-shifts but found nothing to
do me any good. The kidney secretions be?
came dark and strong and looked like liver
when left to stand and get cold. They were too
frequent in action and disturbed my
rest, nights. The first night after I used
Doan's Kidney Pills Ltold my wife ? felt bet?
ter. I thought it might be imagination un?
til after using the pills a couple of days when
I knew the pains were lessened and the se?
cretions from the kidneys soon ceased to an?
noy me as they formerly did. I have not had
a return of the aching and pain since I used.
Doan's Kidney Pills."
For sale by all dealers. Price 50 cents
Foster-.Milburn Co.. Bulfalo.N. Y.. sole agents
for the United States
Remember the name-Doan's-and take no
other. 27
DR?ND"
Laxative Frail Syrup
Pleasant to take
The new laxative. Does
not gripe or nauseate.
Cures stomach and liver J
troubles and chronic con- j
stipation by restoring the j
natural action of the stom?
ach, liver and bowels.
Refuse eubetltutee. Prloe Soo.
DURANT'S PHARMACY.
R. B. BELSER. R. D. EPPS.
Ult HTS,
Attorneys and Counsellors a' law
Phone 309. SUMTER. S. C. Harby Bldg.1
rnT?m^lMMIMMIIIIJtl|lllllllllllllllltll|ll|l|l?IIIIIIIIMIHIIIIIHIIMIi>i
G
9 oo DROPS
?V^ec?ablcPrcparationfor As?
similating tbeToodandRegula
ting th? Stomachs andJBowels of
INKAKTS /CHILDREN
rromotesl?^cstioaCheerful
ness and Best.Cofltains neither
Opium Morphine norHm?ial.
JJOT NARCOTIC.
AOJBC rf Old I YSAMUELEuuttB
Pumpkin SecJ
MxJennm *
AautSfd *
famSztd
--fJarm
? perfect Remedy for Constip?
tion, Sour S [omach,Diarrhoea,
Worms jConyulsionsJcvcrish
oess and Loss OF S LEER
Tac Simile Signature of
NEW YORK.
At b "rnoj n t h^> old
J jj Do sEsj-33 CEN T S
EXACT COPTTDFVRAPPEB.
ligaaaea_' * ?ta
For Infants and Children?
The Kind You Have
Always Bought
Bears the
In
Ose
For Over
Thirty Years
CASTORIA
. THC CENTAUR COM PA MY. NEW TOR? CITY.
JUST RECEIVED
Another Car Load of
HORSES
AND
MULES.
Booth Live Stock Co.
W. A. BOWMAN, Pres. ABE .RYTTENBERG, V. Pres
P. G. BOWMAN, Sec. & Treas.
The Sumter Banking
& Mercantile Company,
Sumter. 3. C.
???M^^Capital Stock $50,000?* ? m mm
Wholesale Grocers, Fertiliz
ersand Farmers' Supplies.
Sole agents for the celebrated brand of Wil?
cox & Gibbs Fertilizers.
We are prepared to quote the very closest
cash or time prices on ail lines of
Groceries, Fertilizers and Farmers'
Supplies,
And invite your investigation before making
your arrangements for another year.
Cometo see us. We will save you money,
and give you a hearty, courteous welcome.
Sumter Banking I
Mercantile Company,
Masonic Building, 2d door from the Postoffice*
Sumter, S. C.
WHISKEY I 3IORPHIJ?E j CIGARETTE I ALL DR?C AND TOBACCO
HABIT. i HABIT. j HABIT j HABITS.
Cured by Keeley Institute of S. C.
1329 Ladj St., (or P.O. Box 75) Columbia, S. C. Confidential correspondence solicited