Historical Newspapers of South Carolina

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TUE 81 Ml ER WATCHMAN, EMabU Gocwlldated 4a?. 2.1881. EIL _ 1 ?? (Jbf ??tatcbmau an)) Southron. Pub4uth>xl Every Wodaisslaj ?BT? OSTEEN PUBLISHING COMPANY. SUMTJKR, %\ c. Terme: ? 1.10 per annum?In advenoe. AdrertlawaawaHa: f One Srpjare flrat lneertlon.fl.it ?very subsequent lneertlon...... 19 Contract* (or three months, or kmger will be made at reduced rata? All communication* whieh sub eerve private latereete will ha charged lav aa sdvortlaementa. Ohttueiiei aad tributes of, respects ?Ol ha charred for. KSIIE MSI PAYMENTS. FINANCIERS THINK CONDITIONS WILL SOON BE BKTTVR. fllas Prrnahaaua on Currency Lreeon % eeWTrcaiaary CVrthVwtr* Have Ma? terially Anted The Situation. N*w Tort, Nov. 25?That the banks of New Tork and throughout the country will soon resume pay? ments In currency Is the opinion ex? pressed by men prominent In the fi? nancial worsl. The Issuance of 1199, 990.009 In treasury certificates of in? debtedness % as by ? most made the basis for this statement. The banks. It is said, are enabled to take up most of thin, and hereby Increase the bank note circulation. Frank *.. Vanderllp. vice president of the Nitloial City bank, said: T do not antfclpate that the cur? rency prcnlvm will last much longer. I believe there will be an abundance of currency in a very short time. In fact 1 am confident that in the near future wo shall have more currency than w# shall know what to do with. The Issuance of these treasury certifi? cates has b* ?n the Seal link In the chain of event* which has brought about an end of the-crisis, 'The National City bank has al? ready arranged for 11.000,900 of the fjfw |esu<? of treasury certificate? aad this wit Increase circulation at *Sanst II,900.000 during the coming week. Other banks will doubtless take some of the Issue and the In? creased circulation In New Tork hanks will be felt slmost at once." Oeorg* W. Perkins, a member of the banking house of J. P. Morgan A Co.. said: "I do not believe there will be any premium on rioney la a few days. The people who have been holding their money for a large premium will prob? ably And that they have held it toi long. Where, ten days ago, the pre? mium was 4 per cent It was only 1 1-1 per oaat yesterday. The rahjd di? minishing o fthe money premium Is one of the most encouraging thing* which the banking Interests have seen since m? trouble started. The general situation has greatly Improv? ed. Bankers also stats that they do not believe there will he any further ex? tensive engagements of gold abroad. Since the financial difficulty began 111.III.000 l.i gold has been secured abroad. By far the larger part of this gold has already reached New Terk. During the flurry It Is estimated 1111.000.000 has been withdrawn from the banks In New Tork and the total withdrawn throughout the coun? try M estimated at im.000.00*> Clearing house certafteate* are ?n use la II cities of over 199.9D0 population the amount of these certificates out? standing In New Tork city being 176. 990,99t SEVERAL HUNDRED CONVERTS Many Signify Dewlre to Become Chris? tian* at Meeting In Washington. Washington. Nov. 14.?The climax In the evangelical campaign which the International Toung Men's Chris? tian Association of North America Is conducting In thla city In connection was reached t>day when seversl hun? dred men slgf I fled a desire to accept Christ, following a powerful address by Fred B. Sn Ith of New York. Inter? national secretary o fthe Young Men's Christian aaeo< Istlon. at Convention hall. Mr. sml h deprecated giving ap the Sabbath day to popular amuse? ment. He dec ared that the cry of the superficial pksaeuree of the hour Is causing men t> forget Ood. Another reason Mr. Smith gave why conditions reason Mr. Hit Ith gave way countless thousands forget Ood was because of ths greaf pro- perlty of this land. "When m?n are well fed," said Mr. Smith, "they forget Ood." The pulpit* >f at least a hundred churches wer?? rilled morning and evening by delegates to the conven? tion. tofttc ?heel April, 1850. 'Bo Just ar SUM! FIHlHCItL TENSION EMU BANKS OF LEADING CITIES CAN RESUME PAYMENTS. Cooperation of the Government With Banks ami the Gold Engagements Brine; Relief and Normal Conditions Will Soon Return. Washington, Nov. 24.?The events of the past week In the financial sit? uation have centered around the of? fer by the government to receive bids for $50,000,000 In 2 per cent, bonds for Panama canal construction and offers at par for $100,000,000 in treas? ury certificates running one year at 3 per cent. The announcement of this project by President Roosevelt in his letter to Secretary Cortelyou, pub? lished on Monday, has done much to restore normal conditions in the mon? ey market The premium on curren? cy, while somewhat obstinate, has been gradually declining and the ral? ly In the stock market on Saturday, following the visit to Washington of J. Pierpont Morgan arid Oeo. F. Ba? ker, Indicates that confidence Is being restored by the manifest cooperation between fhe government and big financial Interests In New York. Some uncertainty prevailed early In the week regarding the terms of subscrip? tion and allotments for the new secu? rities, but doubtful points have been cleared up from day to day by the j statements of Secretary Cortelyou and other officiate, and the manner in which offers are being received for the new securities Indicate that they will probably be over subscribed. The mail orders from national banks for the Panama bonds are very heavy. The envelopes will not be opened un? til the time for receiving bids closes on Saturday next, but the number of bids received and the declared pur? pose of some of the large New York and Chicago banks to subscribe with the purpose of Increasing their note Issues, leaves little doubt In the minds of bankers and treasury offi? cials that he loan will be covered. The fact that the one year certificates can hi availed of to secure nena bank note circulation and that such circulation can be retired within a year, hi huvlng an effect in drawing offers for these securities; indeed, Secretary Cortel? you. in making allotments, is rejecting many offers which, he does not think, will tend to materially benefit the monetary situation. By permitting issues of hank notes to the full amount of the bonds and certificates taken by national banks and then re depositing the proceeds of the sale of the securities to the amount of 75 per cent, in the banks, there is op? portunity for increasing the amount of currency in circulation by a net amount equal to three-quarters of the new security Issues. it 1? not expected that the increas*} will he so great aa this, since some of the short term certificates will be (taken by pri? vate Investors. There is doubt also whether any such increuse will be needed if the corner is turned In the monetary pressure When the bids for the Panama bonds are EisnH and of? fers for the certificate? are (Closed at the end of next week. The importa? tion of $18,000.000 In gold, now ar? rived, on the way, or errgagvd. adds so greatly to the monetary resources of |the country that It Is anticipated that there will soon be a plethora of cir? culation rather than too little. The fact that the gold which has thus far arrived has not increased permanently the New York reserves is declared by New York bankers to be sufficient evidence that everything is being done which Is possible by New York to aid the banks through? out t>ie country. Reports from the South indicate that the cotton crop Is moving with a fair degree of facility at the present time and that the deadlock which threatened at the outbreak of the crisis has been broken. It Is hoped that It will soon be possible to re? sume cash payments at all prlcipal centers. Bankers from Chicago, New Orleans and other leading cities de clare that they are ready to resume as soon as New York will give the sig? nal. Susan Johnson has been arrested In Chester county on the charge of killing her husband. BLEW THE GAS OUT. Acting Chancellor of Cuban I station In Serious Condition. Washington, Nov. 25.? lt. M. Bom halter, acting chancellor of the Cuban legation here, was tonight found In Ijls apartments with the >*;mm turned naa He was removed to ; hospital. whore his condition area said to he sei i ?u*. A fr???? mall deliv. ( \ m will be inaugurated In Chester Dec 1. -1-j id Fear not-^Let all the ends Thou Aln ?ER. S. P.. WEDNES THE WATERWAYS CONFERENCE -, IMPORTANT MEETING BEING HELD IN PHILADELPHIA. rian Proposed to Construct a Chain Of Canals Connecting Boston With North Carolina. Philadelphia, Nov. 20.?Full of en? thusiasm over the greatness of the QEUte and the splendid prospects of success, the Atlantic Deeper Water? ways Conference, the purpose of which is to promote the construction of a chain of deep canals connecting Boston and North Carolina opened at the Bellevue-Stratford Hotel here to? day. The attendance Is so much larger and the distinction of the men present so pronounced that those who have worked to bring about the conference feel that their efforts have already been crowned with success and that a public sentiment Is aroused that will force action by the next congress. Men of prominence from nearly every sec? tion o fthe country, repreantlng the interests of many states, including United States sentaors, governers, con-' pressmen, mayors, judges and other officials are here lending their sup? port to the project. Ringing and vigorous speechesi pointing out the benflts and advan? tages that will result from the carry? ing out of the plans and tracing the step.'- that have led up to the confer? ence were made and applauded. It was strongly brought out that there >? to be clash h> congress between the advocates of the deeper Inland water? ways for the Atlantic Coast states and. the supporters of the great scheme to parallel the Mississippi river with a cnnal that will control the hi* othrs in the Middle West and Souchwcs;. WEHE SWEPT OVERBOARD. Three Children Lost at Sea While at Play Below Bridge Amidships, San Francisco, Nov. 25.?A curhous disaster marked *he stormy voyage of the steamer President from S*rfuie to this city. The vest* I arrived in part and reported that on FriQuy un? der rough weather three girls, all un? der fourteen, were sreept overrboard and lost. Their disapen ranee was not| noted for some ttme, ar> there was no! chance to save them. Florence Buckman, aged T3, and Rita and Ada Schoter, aged T2 and 4 years, were playing 1n the gangway below the bridge amidships. It is supposed that a large wave struck the ship and that the water swept the children overboard. The Scheiter chfWtren Trad come from Australia with their mother to meet their father, who lives here. Florence Buckman was, with her mother and was going from Seattle to Los Angeles. REFUSED TO TAKE WElflCQTNE. Mit? Beniah Funk, Ml a?esuary, Dead In Lancaster, Fa., Nev. 21.?A T?ble gram from Shanghai, China, today announced the death there oT Miss Beulah Funk, a missionary of the Christian and Missionary Alliance. She was the daughter of Rev. J. B. Funk, of this city, a United ?Brethren minister. The message said that Miss Funk had refused to take any medi? cine, she being a believer in the pow? er of divine healing. She went to China less than two years ago. ARMOUR CUTS MEAT PRICE**. Manager of South Omaha Plant An? nounces Reductions. Omaha, Nov. 24.?There will be a further drop in the prices of pro-, visions and meats this week, save R., C. Howe, manager of the Armour; packing plant at South Omaha. "Hogs fell yesterday to 1 cents, and the prospects for a rally in the prices are unusually gloomy. '?This week the wholesale men -ind packers will quote a large decline in all packing-house products in the cold-storage food supplies. The de? cline is already apparent in many lines. Kggs, butter, poultry and cut meats will fall under the general de? cline. "The decline In the principal staples will not be ns pronounced as in live stock, but will be noticeable, however. The demand for the staples |a more uniform than for live? stock products, and then-fore the prices are firmer." A union w rvlee was held In I he First Baptlel church of Anderson In honor of i>r. J. i>. Chapman, th< re tiring pastor, who goes t> Vuld >sta, <ia. M10 I is't at be thy Country'^ Thy God's an DAY. NOVEMBER 2 MANUFACTURES ARE GREAT. FIFTEEN BILLION DOLLARS IS VALfTE ANNUAL PRODUCTION. An Inorcaati of $20,000,000. in Ex? port! Although the Exports of Cot? ton cloths Declined a Larger Amount, Washington, Nov. 244.?Fifteen bil? lion of dolltvi'n represents toe value of the annual production of manufac? tures in the United States. After care? ful estimates were made by experts, Col. John M. Carson, chief of the bu make this statement in the annual re reau of manufactures, was able to port of the operations of his bureau, made public today. The figures do not represent finished products entire? ly, but include products in various stages of progress. Last year the ag? gregate value of domestic merchandise exported was $1,854,066,000, an in? crease of nearly $136,000,000 over the preceding year. In this classification "manufactures ready for consumpnon" are credited with $480,000,000 and these figures are generally accepted as the extent of the exports of manufactures. The report of the bureau, however, groups this classification with those of "food? stuffs partly or wholly manufactured" and " manufactures for further use in manufacturing;" the aggregate ex? ports of which las* year were $606, [i0 00,1000 and this amount added to ?manufactures ready for consump? tion" make the aggregate value at manufactures exported in the year, ended June 80, $1,086,000,000, ' or more than 58 per cent of the enftlr'e exports for that year. Special signifi? cance is attached to the Increase of nearly $2<h/000,000 in the exports of completed manufactures, in view of rthe fact that the exports of cotton cloths declined more than f) 1,000, 000, this loss being entirely in 'the cot? ton trade with China. The popular feeling aroused In that country grow? ing Olit of alleged outrages against 'Chinese residents in the "United tSates ^ja assigned as a contributory cause for this decline. The cotton seed pToductt exports for the year were upwards of $40,500,000, an Increase of 59,500,000 over 190?. In commenting on these figures the report says: "Aside from Tts intrinsic value this relatively new industry has an eco? nomic value and importance to the country, the eenfteial results of which are especially felt in the several states in which cotton is indigenous, and in which the cotton seed industry is nat? urally located.'" The success attending investigation by experts sent abroad has led to the adoption of the policy of specializing investigation of trade conditions in foreign markets. One of the obstacles to the enlarge? ment of export trade is the uncertain? ty of tanslt between -places of produc? tion and the seaboard. , A SERMON ON SIN. John D. Rockefeller, -Jr., Talks About Those Who Hoard Money For Money's Sake Only. New York, Nw. 25.?J. D. Rocke? feller, Jr., returned to iiis Bible,class at the Fifth Avenue a"Bptlst church yesterday, there having been a no? ticeable falling off in the atendance since his recent decision -to withdraw from the work. There was a good at? tendance yesterday, for it had been announced that Mr. Rockefeller would be present. "Jesus* Attitude Toward Fleasures" was the young millionaire's topic yes? terday. Men needed pleasures, he said, and should take them in the way they preferred, so long as they were of the right kind. Dancing and card playing he did not think wrong so long as they were properly indulged in. Card playing gave a mental stim ulous that was not harmful, but when it came to playing cards for gain that was a sin. Theater-going he also ap? proved of so long as the plays visited were straight, sober and pure. Such plays, he thought, often stinxulated one to noble thoughts and great deeds. The making of money was to some men the greatest form of pleasure. Mr. Rockefeller said, and so long as money wax accumulated for the doing of good and the exaltation of the Lord's name It was proper. He spoke scathingly, however, of those who piled up money simply for the sake of piling it up. Lewis Cannon was shot and killed by Barkley Rush, near Florence. Kush ust'd a shot gun loaded with buckshot. ' The killing, it Is said, Is the result of an alleged attempted criminal assault on Mrs. <\ Cannon, a sister of the dead mnn, by Kush. d Truth's." TUE TRU1 7 1907. New 8e BANKERS YET IN DOUBT. ???????? CONCERNING THE NEW GOVERN? MENT ISSUE. Ijarjrcr Ranks Desire Assurances Tiiat Funds aPid Out For Securi? ties Will Be Left On Deposit in Local Banks. New York, Nov. 20.?The govern- j meat's issue of $100,000,000 in treas? ury certificates of indebtedness con? tinued today to engross the attention of New York bankers woh apparently have not reached a definite decision as to the course they shall pursue. The subscription so far received at the local sub-treasury seem to Indicate that the larger banks in this city are temporarily withholding their offers of purchase. The sub-treasury of? ficials are not disposed to make pub? lic the amount of subscriptions re? ceived there during the past three days, saying they are merely acting as transmitting agents for the treasury department at Washington, to which point the offers are being forwarded as fast as they come in. The fact that the banks are hold? ing off for the time being has led to the more or less definite report that I heads of the larger banking instltu I tions are deslrious of obtaining some j I sort of assurance from Washington I that the money paid* out here for the I purchase of the new securities will be I in deposit in local Institutions', j The currency premium varied be? tween 2 1-4 and 2 3-4 during most of I today's negotiations, with some trans I actions as high as 3 per cent. With j the price of currency ruling at these I figures it was said the bankers could Inot see their way clear to purchasing j the certificates of indebtedness under I any other arrangement than the re I tent ion of the purchase money on de I posit In this city. The money ship I ments from New York to the Interior I have been quite heavy recently and I the bankers here are anxious to con I tlnue this means of assistance to the I general financial situation, j There has been absolutely no Indi J cation as yet of a syndicate bid for J the treasury certificates forthcoming j from associated banks in this city, j-such as has been intimated "since Mon I day, unless it be fn the fact that ^ev Teral large deans were called in today. ] Trie revival of the reports today of jibe possibility of a favorable outcome ltd the negotiations for an American lloati in Prance with the treasury cer jtfhcates as a basis has strengthened I the rumor of a*n associated bid from I Stew York bankers the government I securities when obtained to be so ar Imnged that they may be ccnsldired jsrs collateral Tor geld loans under the I rules of the TBarik dt Prance, 1 Some ot the New York **?tnks arc leaid to be holding off in the matter ol jsubsjotrpflons so as to give the small I Investors with hourded savings a chance to put in their Claims and thus draw rnto circulation the mone> tor Which the oertfBcates were largely designed. "Nearly all of the largei tanks here "have received orders from .customers to make purchases of cer? tificates for their account. "These pur? chases are To be made out ot deposits 3ilreatly on "hand, however, and are not t)rrngrng -new money into the market, _f ?TREUEN Iff SUSPENSE. Honda Final Matter Seen?'to be Up In the Air. Srnoe fhe firemen's two i?er cent, benefit law, possefl oy the legislature hust February, has been declared un? constitutional by the supreme court, the firemen of the State, especially the -volunteers, are anxiously awaiting news of the intended action ot their officers hi the circumstances. There was a consultation in Charleston Fri? day afterrnoon, attended by Fire Chiefs Smith, of Anderson; Dibble, of Or? angeburg; James, of Darlington, and Behrens, of Charleston, but nothing was given out for publication after? word. Chief Behrens is president of the South Carolina State Firemen's association. Several states enjoy the two per cent. F?tWt which sets aside ihi- p< r tion of the gross insurance pvniiums paid in a given city, for the benefit of injured or disabled firemen, their wid? ows and dependents. It is intimated that the State association will at the coming session of the general assem? bly make a vigorous fight for the en? actment of another law, very much similar to the one Just turned down, but SO framed as to bring It Into con formlty with the federal and state constitutions. It is certain that if such an attempt Is made the Insurance lobby will fight it to the last ditch. Georgetown Will have a rree mail delivery after December i. Three carriers have been named. SOUTHRON, Established June, IM? lies?Vol. XXVII. So 18 WILLIAMS' TRIAL BEGUN. COLUMBIA MAN CHARGED WITH ROBBING MRS. GIBSON. IHfli<*uIt>- in Scouring a Jury?Prose? cution Gains Ground by Having1 Sev? eral Depositions Quashed. San Antonio, Tex., Nov. 25.?A de? cisive victory was won by the Ptate in the very outset of the Gibson robbery trial in the Thirty-seventh district court today, through the quashing of certain depositions of prominent wit? nesses residing in New York city, points in Virginia and in Columbia, S. C. These deposition** were deemed? the most important feature of the de? fense in behalf of R. F. Williams of Columbia, S. C, indicted for'robbing Mrs. Sallie A. Gibson of that city of |f 1,000 and assaulting her with a deadly weapon near San Antonio- om or about June 13, 1907. The taking of testimony was not begun today, owing to extreme diffi? culty in procuring a jury. The en? tire forenoon was devoted to exam? ining talesmen from a special venire1 of 100. By 1 p. m. the venire had been exhausted and but four jurors, FDZon, James, Addingxon and Muel? ler, were obtained. The greater ma? jority of the talesmen examined as? serted that they had formed an opinion or had drawn conclusions from newspaper accounts as to the-, relative guilt of Williams. A second venire of 100 talesmenr was ordered by Judge Dwier to ap? pear at 9 o*clock tomorrow, when the wirk of procuring 12 unbiased men' will be resumed.. An effort was made by the attor? neys for Williams to have the caso continued until the next term of court, following the quashing of de pisftlons, but this was overruled by the -court. tSlla Carnish, colored, died of rabiea fai Columbia, She was bitten-in Step? Timber. Revenue officers raided a still pear; Caesar's Hiead and captured "two men. The citizens of Gaffney have voted ff :>r the establishment of a high school, thars being only two dissenting votes. A white female infant was found at tie foot of the Congaree River bridge in Columbia. A colored baby was sfnorfcared to death near Columbia by being '??fr- in a basket of cotton. Three linemen were shocked In* Camden and had a narrow escape. W. G. Abergotti, a well known and wealthy citizen of Oramgeburg, is. [ I dead at his home in that city. * 1 . J. J. McCartha. a member of the Columbia police force, is dead aa the result of a stroke of paralysis. Lucius Melton, while out hunting Ijnsar Cheater, accidentally shot Peter Sunders, the load tearing off one of Mr. Sanders' arms. The gun was discharged accidentally. G. M. Rudasin had the misfortune to lose one of hfe arms while working in the Stevens lumber plant at Ker shaw. The member was severed from ' hi* body. The Y. M. C. A. in Columbia has opened a night school for young men. Th- old court house in TMshopviile was sold at auction fo^ $7 633 A runaway horse was the cause of three people being injured in Green? ville Monday. George Dean, chief engineer of Cheswell Cotton Mill at Westminster, was found dead in bted. Asa Langford, a well known young man of Prosperity. S. C, died in Sa? vannah, where he had gone to accept' a position with the Western Union* Telegraph Co. Mr. J. L. Perkins, ofi i>arl?ngton, died on Monday. He waa a native of Pennsylvania. Andrew Neilson. a native of Swed? en, who has beert traveling \m this country for some time, will send let? ters to his country denying all sland? erous reports about labor conditions in this state. W. L. Land, of Columbia, and Mrs.. Price, of Greenville, brother .ind sis? ter, both died the same day. Roadmaster Todd of the C. e*4 W.. C. road fell from a trestle and h\a~ tured his skull. An illicit distillery was seized i:? Greenvlle* Saturday and four moon? shiners were arrested. Opponents of the alepeuamry at tti l??ree are fighting to have the dispen? sary closed again. A Pullman porter was arrested in Columbia charged with dialing ? watch from his conductor. The annual Conference of the col? or.,! Methodist Church of South Car? olina will convene la Camden next Thursday.