Historical Newspapers of South Carolina

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EX ? BEN A TOR MILLS ILL. Millionaire Oll king to be Opr. ratexl on et Hopkins. Baltimore. Aug. 12.?Former Unit? ed iUtn Senator Roger Quark? XIIII?, ejf Texas, who le rated as one of the wealthiest men In the West, la In a aartons condition at the John? Hopkins ipltal. He Is suffering from Intes ? trouble and will be operated on today at the hospital by Dr. Hugh H. Young. Colonel Mill* left hit home In Cor atuaiia, Texas, two weeks ago. In com party with his son. Hs had been 111 Je* some time and. despite all the ef? forts of the Physiotens of the West, tittle could be dons for him. fteveral weeks ago he got In touch with Dr. Young and arrangements user* made for hin? to come to the Hopkins The only objection Colonel had waa the Ion? trip to this r It was impossible for Dr. Toung go to Texas, and the result was a Colonel Hille decided to come When he reached the hospital Dr. MB? hurried to Colonel Mills bed la Ward C. m\ trained nurse and ward payeJcAA had made arrange lie so Dr. Young could operate at when he reached the hospital. Dr. Toung arrived he decided Colonel Mllla was too weak, and operation waa postponed. Oeaeral Mil Is has faced bullets on 10 battle field when he commanded w Tenth Texas Infantry of the Con? ti* Army. He waa wounded times and once was taken un? to* from the field. It Is beltev od that Colons! Mills, present illness if due to a mamap which befell him dsjitna the war. When Mr. Ml Is left the United ?sate Senat? In 1891 he was consider? ed a poor man. He served his State Weil and made a reputation for him and when he returned home he only a little farm near Corslcana. that Is sold to have been heavily tawumbered. Promoters said they believed oil seas on the farm and the former sen engaged miners to learn the th. To hie great gratification It discovered that oil was on his ty aad oil men were engaged to d*v?k>pe the weis. Well after UpafJ was bored and Colonel Mills and Ma few associate* In the venture made their fortunes. Colonel Mills enjoys Use reputation of being the first man U* develop wells In the Corslcana dls Stnc? then numbers of wells been discovered and farm prop took a sensational rise In the vl It la said that Colonel Mills made tore than a million dollars o jt of I* venture and Is now one of the 'thiest men In Texas. He has ln hlmaelf In various mining In its and has much stock In rejects in the West Colonel Mills was born In Todd maty. Kentucky, In 111), and moved > Texas when a young man with his hats. He went to Palestine. Texas, study law and was admitted to the r when he was 20 years old. He lmed to Corslcana with his pa and practiced law there. In lifts he married Mise Jones, and was to the Texas house of rep re? ives In lilt. na th* civil war broke out he the Confederate army and I the battle of Wilson's Creek, he was made colonel of the Texas Infantry, which he corn In the battles of Arkanaaf and Chtckamauga. In the latter when Oen. Jamea Deehler was Colonel Mills took charge of brigade He commanded the reg? it at the battle of Missionary V where he was serloeuly wound* He soon recovered and again mended the regiment while weak i his wounds at New Hope church At ante, at which battle he was wounded. This time he re two shot wounds. He was elected a member of con In 1171 and served until 1892. he was elected United Stater aejssator to serve out an un expired term. He served a full term in the senate frosn 1192 to 1199. Hs Is bent known ?mi a tariff reformer and author of the bill (lavonle Diarrhoe? Relieve*!. ?Mr Bdward E. Henry, wl.h the United States Express Co., Chicago, I, "Our general superintendent, r. Quick, handed me a bottle of CTaaauuei lalna Colic. Cholera and Diarrhoea Remedy some time ago ft* check an attack of the oi l chronic diarrhoea. I have used It since that time and cured many on our trains shu have been sick. I am an old sol dtter who served with Rutherford B. Hayes and William McKinley four year In the Sid Ohio regiment, and have no ailment except chronic diar? rhoea, which this remedy stop? h! ware." For ssle by all druggtM*. Required Two. Col. J. Q. Marshall, of <'<>lumt>li. who served as secretary *fl state from IBM to 1190, died Tuesday at KulT;tl<> Lithla Springs. Vn. death was due to heart disease, with which he had long suffered. THE NEW tXyrtON K1N<?. Hen Young Llwrnunv Huh Cornered the Cotton Market. NYw V??rk Wor d. A f Jilr-headed, beardless man of thirty-one, younger looking by ten years than the age which he acknow? ledges, who sits In the back room of a Wall street brokerage house and is? sues orders to a score of busy clerks in a gently modulated voice, has pos? sessed himself of every bale of cotton not under contract in the warehouses of Oreater New York, and is smiling? ly watching the painful contortion of a grouj) of grizzled bears on the New York Cotton exchange. These bears have sold 1.000,000 bales of cotton for October delivery, while the entire vis? ible supply In the vicinity of this town Is only 39.000 bales, the warehouse re? ceipts for all of which repose safe'y In the strong box of this newest Na? poleon of speculation. Such a situation has never before been known In the history of the local cotton market, but that It exists Theo? dore H. Price and all the veteran oper? ators In the cotton trade admitted yesterday. In many respects It Is the most remarkable corner ever at tempted, existing, aa It does, In the face of glowing proupects for an abundant cotton crop. This unique condition Is the handiwork of Jesse L. Uvermore, a Wall street lamb, who first saw the light of day la Shrews? bury, Mass.. In 1877, and who has bulk up a fortune of millions from an original "bank roll" of 88.12. Mr. Liver more, who Is now recognis? ed aa a power In all the speculative markets of the world, and whose op? erations are followed by cotton men' from New York to Bombay, India, was an unknown quantity, as far aa Wall street Is concerned, until he woke one morning last spring with a bank account of 82.500,000 as a re? sult of a cotton deal which Is almost the antithesis of the one In which he It now engaged. The conditions were exactly the reverse of those that exist today. After a long-continued rise In cot? ton prices last spring the young specu ator found the bulls loaded up with cotton, acquired at fancy prices and which. In the face of the general busi? ness conditions waa unmarketable ex? cept at a tremendous sacrifice. Liver more flooded the New York, New Or? leans and Liverpool markets with sell? ing orders and In the wild stampede which followed covered his short con? tracts at from IK to 810 a bale under the levels at which he had contracted to de'lver It ' A World reporter found Mr. Liver more yesterday In a little twelve by fifteen foot room In the office of E. F. Hutton & Co., Stock exchange mem? bers, No. 16 New street, smoking a big black cigar and Issuing orders In? volving thousands upon thousands of dollars as calmly as If he were pitch? ing pennies In a back lot. Those pre? sent wondered at Mr. Ltvermore's ap? pearance of extreme youth, hit heavy speculative commitments, his coolness and daring in crises that have turned men s hair gray, and more than every? thing, at his remarkable knowledge of economic laws, the state of supply and demand, trade statistics, crop conditions, the subtleties of sterling exchange and International barter. They wonder still more when he frankly confessed that his entire school daya were spent In the public schools of Worcester, Mass., and that he never went to college a day In his life. "I am a bucket-shop graduate," was his anawer. "I have always been a speculator ?Ince I was In knee breeches. A succesful speculator mutt have hit toolt of trade. Mine are a knowledge of tupply and demand That embracee many things that are not taught In college." Mr. Liver more had never been In? terviewed until yesterday, but he re? luctantly consented to talk to a World reporter for a half hour before the opening of the market. "They have all been after me," he said, "but I am not anxious to get In? to the limelight." This Is the Interview, drawn out a sentence at the time by tortuous cross questioning, and Interrupted every few seconds with cable dispatches and telegrams that plied up on his desk a foot high before his talk was over. "To begin with, I am a lamb. I am not a broker. I am a speculator pure and simple. I have been ever since I was sixteen years old. My first ven? ture was made In Worcester In 1893. when a boy friend and myself made a turn In Burlington and qutnev In a local bucket-shop. My profits from th*> deal were 13.12. This started me trading, and before I was twenty-one I had made between eight and nine thousand dollars. I had many ups mil downs and when I went to Boston, Bbofjfl ten years ago, I had Just 115 in my pocket. 'I had learned a few thing! about ?peculation! and have learned some? thing neu every day. it la a wonder? ful schooling, but the cost of tuitl ?n is pretty high. Still, almost from the start I was moderately successful. From Boston I went to Chicago, and thence to Denver, meeting many vi? cissitudes, but usually coming out ahead In the long tun. I never val ued money for money itself. I have always cared for It only as a means to enlarge my Operations, "I have not always been a cotton apecu ator, In fact, it is only within the last two years that I have given attention to that form of speculation, j sly first big profits were made in the I panic of la t year. In December, 1906, I became convinced that the tremen? dous over speculation and over ex? tension in all forms of business were bound to result in disastrous liquida? tion. I was pretty comfortably fixed at that time, and I put out a large shorn line of Union Pacific,g Reading, Copper and Smelters. "As prices melted from the high lev? els I Increased my commitments until on March 14, I had thousands of shares of" short contracts out. When the crash came that day I covered every contract and, on May 8, follow? ing Mrs. Llvermore and myself sailed for e. long vacation abroad. I had planned to stay away for six months. Early In August, however, the cotton situation In Liverpool at? tracted my attention. Despite the growing business depression, the high price of money, the curtailment of credit everywhere and the great un? easiness that existed In Europe as to j our finances, coupled with the abun? dant crop of cotton promised by the forecasts, cotton In New York was sell? ing tit 12.05c a pound. I cancelled all my European engagements and sailed for home, arriving in New York on August 21st. "The price had advanced to 12.60c and at this level I put out my short lines. I found the market In a very unstable condition, so heavily over? sold that It could not take my offer? ings, I followed It down to ten cents a pound and then, finding everybody had gone short, I covered 200,000 bales at prices ranging from 9.80 to 10.40. This was my first big coup, and It was rdmply the result of a common sense view of the situation. "S?lnce that time I have been in and out of the market many times, al? though I have left It alone lor weeks at o time. Early this spring I found the cotton situation again very at? tractive. Futures were selling at 8 1-4 cents a pound and very much the same conditions existed In that staple as those which manifested themselves In the stock market last February. "I had been on a vacation down south and when I came back I found everybody extremely bearish. The mills were running on half time; there waa very little demand for cotton In Europe; the textile trade was stag? nant, and business generally was de preered. There had been, however, a long period of liquidation. 3 found that the trade was practically sold out of cotton. Supplies were exhausted and every business man was afraid to buy anything because of the general gloom In financial affairs. The pen? dulum had swung to its lowest point. "Suddenly one firm began to buy moderately; the other houses, know? ing that, in order to compete, they must acquire their raw material at equal levels, began putting In their or? ders. Demand suddenly sprang up everywhere. Copper has been ad? vancing an eighth of a cent a pound a day, the market flooded with or? ders and the copper stocks are soar? ing. The textile trade has begun to Improve. The mills must soon begin to lay In their supplies. Bye and bye one fellow will begin buying Just a little, then the others will follow. A tremendous revival In the Industry Is Inevitable. "Meantime the cotton shorts have sold thousands of bales which they do not own and cannot deliver. They have reckoned on the new crop, but they have not reckoned on the new planter In the south. He has finally learned his lesson. He Is In a position to demand his own price. The Far? mers' union has taken an oath not to sell a bale of cotton less than ten cents a pound at the primary market. The spinners must buy the New York options to hedge against their purchas? es in the south. "The speculators mu-*t *ro south to buy their cotton for New fork deli? veries at a cost of |7 to $?:> a bale more than the prevailing New York price. That Is the situation today and it is one of the most remarkable that ever existed. Cotton Is bound to soar, and the raise has already begun. This ex? plains my position In the market at the present time. Just how high the price will go I don't know. Nobody does. Various estimates of Mr. Liver mitre's winnings are made in Wal street, and they range from 13,000,010 up to figures which he himself admits are abused. His friends say that he has it invested safely against the VtsxaltUdOS of the hazardous game which he is playing. He has a hand? some residence at No. It4 Riverside Drive, where he spends the winter month* His only fad is yachting, and he lives In summer on his steam yacht, from which he come* to busi? ness every day. He is a member of Ihe Atlantic, Uirchmont and Columbia yacht clubs. Mr. Liverm?re married nine yearn ago Miss Netfe Jordan, of , Indianapolis. gumpehs swings fedkuatioN. Colorado Organization Indorse* Tin? Democratic Platform. Denver, Aug. IS.?The Colorado Federation Of Labor. In convention, to? day Indorsed the Democratic party in the national campaign. The indorsement was given after the reading of a long communication from President Samuel Gompers and members of the executive council of the American Federation of Labor, in which the Republican party was de? clared to have "insulted" labor, and the Democratic party to have given the laboring men all that was asked of it. The latter also called upon la? boring men generally to support the party which had favored them. On motion of p. J. Devault, of Denver, the communication was received and con? curred in. The convention was thrown into turmoil when several delegates charg? ed that the convention had been Job? bed and the Federation pledged to support the Democratic party con? trary to the wish of many members. Efforts to procure a reconsideration of the action did not prevail. HACKS ARE PROHIBITED. Important Notice to Candidates on Election Day?"Heelers" Get Little Money. Columbia, Aug. 14.?Notice has been issued to all of the candidates in Richland county that under the pro? visions of the act of 1905 the spending of money for liquor to influence votes Is prohibited and the hiring of hacks to carry voters to the polls will also be considered a violation of this act So far during the campaign little if any whiskey has been used and the crowds have been very orderly. How? ever, there are any number of "heel? ers" who hang around at every meet? ing and attempt a small loan for the influence that might be used. At the depot the other morning one of the candidates had at least 25 re? quests for a quarter to pay fare to Hopkins. As. a rule the candidates turn down the requests promptly and but little money has been made out of them so far. ANOTHER STORM PREDICTED. Weather Bureau Issues a Special Weather Forecast. Washington, August 13.?The weather bureau to-night Issued a spe? cial forecast of conditions likely to prevail over a large area from Satur? day to Tuesday, inclusive, as follows: "A barometric disturbance will ad? vance from the Rocky Mountain dis? tricts to the Atlantic coast from August 14 to 18, crossing the plains States Saturday, the central valleys and Lake region Sunday and Monday and the Atlantic States Monday and Tuesday, proceded by rising tempera? ture attended by rains that will cover the corn and spring wheat States, and followed by a period of lower temperature." TOO MUCH RELIGION. Religious Maniac Slays HU Children. Los Angeles, Cel., Aug. U?Driv? en Insane by religious mania. H. J. Dufty, 60 years old, today attacked and killed his son and daughter with an axe and then cut his own throat with a razor, inflicting serious injuries. He will probably recover. The trag? edy occurred In the extreme north? western part of the city. Dufty lived at the home of his son, Fred Dufty. He had been on the verge of violent Insanity, It is said, for weeks, as a re? sult of religious enthusiasm. Last night he attended a religious meeting and worked himself into a frenzy. MRS. CAPERS DEAD. Widow of Late Blsliop Capers Goes to Her Reward. Columbia. August 13.?Mrs. Char? lotte Capers, widow of the late Bishop Ellison Capers died this afternoon at 5 o'clock at her residence in this city. Mrs. Capers had been in ill health for some years, but her condi? tion in the last few months had been lmpro\ed and it was not generally known that she was 111. Her daugh? ter, Mrs. W. H. Johnson, of Charles? ton, and her son. the Rev W. T. Ca? pers, dean of the Cathedral at Lexing? ton, Ky., were here at the time of her death. THAW ADJUDGED A BANKRUPT. Decision of Referee Blair Quite a Surprise. Pittsburg. Aug. IS.?Harry K. Thaw was formally adjudged a bank? rupt at 11 o'clock today by Referee in Bankruptcy W. R. Blair. This ac? tion was a surprise to those interest? ed In the case, as United states com? missioner T. Lindsay had set August II as the date for the adjudication. No explanation of the change of plans and this morning's action has been made, but it is believed that Receiver Roger O'Mara'i visit to Thaw at Pougtlkeepsle yesterday may have had something to do with today's move. O'Mara was hurriedly sum? moned by Thaw on Monday. For Infants and Children, The Kind You Have ALCOHOL 3 PER CENT. AVegetaWerYvparatton&rAs Infant? /Childrk* ncss and RestXontains ndth OpiunuMor )hine nor Mm Not Narcotic. kmrpr mM nrtffrTrTnTMT Aperfect Rrmedy forCons?M-J Hon, Sour Stonadi.DUme? Worms .CoiwulskrasJwerislrj ncss and Loss OF SLEEP. Enact Copy of Wrapper. Remember Us When You Start to OyeVfoMji YOUR GIN. It is now time to ovtrhaul your gin outfit and be? gin the busy season. Remember if you buy cheap material you will have trouble and lose money. We can give you the best of everything in this line. Leather Belting from 1 to 6 inches; Canvas Belting from 3 to 12, four and 6 ply; Stitched Rubber Belting from 3 to 12, 4 and 6 ply. Full stock of Pipe. Fittings of all kinds. Lace Leather, Gin Bristles, &c Give us the first chance before yon buy. Carolina Hardware Co Candidate and Law. The late Albert Pell, a conservative member of parliament, who de? voted his life to the betterment of agriculture, the prevention of cattle disease, and the administration of the poor law, was a man of ready wit. It is stated in a recently published volume of reminiscences of Mr. P'T. that during an election he was asked if he was not the member who had made the law which commanded poor men to support their parents. "No," he rapped out, "that is an old? er law. It was written by God Al? mighty on two tables of stone and brought down by Moses from Mount Sinai; and as far as I can make out, Thomas, it is the stone and not the law that has got into your heart."? Youth's Companion. New Cotton at Columbia. Columbia, Aug. 12.?The first of the new cotton crop arrived here to? day. There were two bales in all and it was booked for Daniel Crawford & Son. It was grown at Kingsville, In this county, by Messrs. J. H. Sartor and E. S. Shuler. Sartor's bale weigh? ed 4 84 pounds, while the Shuler bale weighed 514 pounds. Both bales were elassed as middling. ?Poley'i Kidney Remedy will cure any case of kidney or bladder troub'e that is not beyond the reach of medi? cine. No medicine can do more. Sibert's Drug Store. KILLth. couch" urn CURE thb LUMPS wth Dr. King's New Discovery for czm* JSStL AND ALL THROAT AND LUNG TROUBLES. GUARANTEED SATISFACTORY OR MONET REFUNDED. VVpfford College HENRY NELSON SYNDER, A. M., Lilt. 0? LL.D., President. Nine Department?, Library and Librarian, Gymna?ium ander compe? tent Director; Athletic Groonds. Next Session begins Sept. 15. For Catalogue addreat SpaXtaAbuPiT, 8. 0. Wofford College Fitting School. 8PABTJLK8?M, S. 0. HIGH GRADE PREPARATORY SCHOOL Well equipped plant. Two large dormitories and one recitation build? ing, all brick. Limited School; email claates; charges reasonable. Session begi us Sept. 16. For catalogue ad? dress A. M. DuPRE. Headmaster, gpartanburg, S. C. 7-28-08?W-S * 9-1-08 a> GRIND Laxative Fruit Syrup Pleasant to take The new laxative. Does not gripe or nauseate. Cures stomach and liver troubles and chronic con? stipation by restoring the natural action of the stom? ach, liver and bowels. Betuee eubetltutoe. Price BOo. SIEBERTS DRUG STORE. The State railroad commission met in Columbia and discussed the mat? ter of lower rates on fruit.