Historical Newspapers of South Carolina

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ht $ i? ?outbron, lUNtSOAY NOVeNiER 3, 1909. ?e at Sumtcr, 8. i , ?*. ? < . < ? Matter. .WKW AOVKIITWKMF.NT8. Ohas. If- HteJff?The Jury's,Verdict. W. A. Thompson?The Kind of Frames. PERSONAL. Mr. Hugh A. Phelpa, of Washing? ton, N. C. la In town for a week's stay with friends and relatives. ajeaara. Isaac Appelt, George Wil? liams and Jake I semen, of Manning, Wore in the city Friday. Dr. I* H. Jennings, of Blshopvllle, spent Friday In the city with his brother. L, D. Jennings. Esq. Mr. R Dosier Lee wont to Columbia Thursday. ?r. E E. Rembert. of Remberg was bars Friday. Wesses C. J. Oalllard and L. R Williamson, of Providence, were In the cHy Friday. ?her?ff Robert Muldrow, of Bishop Vttle. waa In town Friday. Mr. Thomas M. Bradley, of Spring Hin, was m the c!ty Fr?ay. Mr. Alex Brunsen, of Manning, Is in Bunter. Mr. P. B. Lawrence, of Plnewood, Is tn the slty. , Mr. a C, Klbler, of Blshopvllle, is la ?uoiter. Mr. H. Ward, of Blshopvllle. Is on a brief visit to Humter. Mr. T. E. MoCutchsn. of Bishop Tills, waa In Sumter Friday. ? las 8s idee Poston, of Statesville. N. C. Is the guest of Mr. snd Mrs. A. L Jackson. Miss Madge Culbert. of New York city la visiting her uncle, Dr. Walter Cheyne. Cbl. J. A. Rhame and Mr. W. J. Mc Leod, of Lynchburg were In town Fri? day. Mr. s. D. Hurst, of Plsgah, spent Friday In town. Miss Cella Well, of Savannah, Is visiting her sister, Mrs. Abe Rytten berg on Washington St. Mr. Robert Cooper, Jr.. of Wisacky, was In the city Saturday. Mr. W. J. Ardls. of the Dark Cor? ner. Is la the city attending court. Mr. Eliie Law, or Billots, whs in th?r otty Monday. ' Mr. J. I! Wsbsu ir, ul Fl c>*me over in his automobile Sunday to spend the day. Mr. Wesley Bradford went to Co? lumbia Monday. CJeo. D. Levy, Esq.. is attending court at Monck's Corner, this week. Ptowden- Howie. Hummerton, Oct. S8.?Miss Margar ette Plowden, daughter of Mr. and Mrs. M. H. Plowden was married yes? terday afternoon at 6:30 o'clock to Dr. L. Keith Howie, at Mtllwod. her country home, near Manning. The bride la a very attractive and accom? plished young lady, whose friends are numerous. The groom Is a very prom? ising young dentist, located at Sum merton. who has hosts of admirers. Many unique and beautiful gifts tes? tified to the esteem of the friends of the couple. Dr. and Mrs. Howie left on the afternoon train for a few days' visit to friends In Charleston. DEATH. Died in Fernandina. Fla., after a short lllne**. I.uu.ru Dotterer. wife of J. Rembert Hill and daughter of the late Thomas D. Dotterer. The relatives and friends are invit? ed to stund commltal services, at Magnolia Cemetery, as half-past four, thla (Monday) afternoon.?News and Courier, Nov. 1. - Incurs im v Men Meet. A district meeting of the Metropli tsn Lire Insursnce Co.'s agency force of the Sumter district, which is under th?* management of D. T. Meade, was hekl In th? cmopany's office Satur? day. The meetlnj): of the agency f res was addressed by Mr. A. 11. Wiight. ordln iry supervisor, of New York. The meeting was attend? ed by Mr. WM Lucl;, superintendent st Columbia. Mr. M. O. Gregory, gen ?rsl assistant superintendent, Mr. S. M. Mabus, W. H. Brown, Camden, Mr. Phillip Kraus*. Orangeburg and . several agents from out lying points, and from the Sumter district proper. - I Local Cotton Market. 'From The Dally Item, November 2. Cotton prices advanced again to , day and the 15 cents mark was reach? ed and passed on the local market. Vfhe better grades of cotton sold free ,/ly for 16 cents. The New York cot? ton exchsnge wss closed today on ac? count of the election In New York m city, but Liverpool was exceedingly M|ct,ve' w,tn the Dul1 element appar Ar i. In full control of the situation. andV the closing quotations were the hlgheVt of the day. Interesting Feature? of the Cotton Market. Present By At wood Violett. (Written for the Manufacturers' Re? cord.) 1 have had for some time rather de? cided views upon one feature of the cotton market, and I now beg to give expression to them. In former year*, when differences were even wider than now between the New York and Liverpool markets, it was a safe proposition, with lower grades permitted to be tendered on contract in New York than in Liver? pool, to sell here and buy simultan? eously in the foreign market, and transactions of this kind brought large profits to those making a specialty of this business, and a number of firms in each market did this each season, to an extreme extent in the aggregate. The present differences of, say, 40 points between May-June Liverpool and May at New York, and even with wider differences lately ruling on tht .u options, have induced transac? tions of this kind of such volume as perhaps never before. One thing, however, has been over? looked, and that Is the character of the long Interest now and what it has been in former years. Contracts bought at four or five cents lower than present prices are still being held In the New York and New Orleans mar? ket, and In great quantity. This le ex? clusive of those bought at the same time and at a later period, profits on which have already been taken to a very considerable extent, and thus rellslng their profits, exclusive of those profits unrealised because of the contracts still unliquidated. Their po? sition, therefore, has been made to a large extent Impregnable, in view of the demand for American cotton throughout the world, and that de? mand in the Southern States is now and has been for some time the sus? taining power of the contract market. Tn other words the advance In the market has been brought about not so much through speculative buying of futures, is due greatly to a general demand all over the world for cotton of American growth. The danger, therefore, to those short in this market is that their sales have been made to a concentrated and unusually strong long Interest here, who have probably made, and may further make, hedge sales in Liver? pool, and thereby dominate the course of both markets to such an extent as to make it a serious matter for those who have the opposite side of the ntreddle*. An a matter of fact, it ajvei the leading operator* on the K) side hen* un opportunity to multli th? ir holdings, with little or no ad* tlonul risk. This long Interest will probably bring /h* corresponding options in the two markets nearer together, not be? cause of a desire to do this, but mere? ly because those who sell in this mar? ket will find it a hard propostlon to get the cotton to liquidate the greater part of their short interest, whereas those who sell in the Liverpool mar? ket from this side will be demanding delivery in their long contracts in the New York and New Orleans market, and thus be able to deliver the cotton against their short contracts in the Liverpool market, and in the mean? time the postlon of the foreigner would be made worse should the dif? ferences narrow instead of widen. The short interest, whether it is here or in Liverpool, or New Orleans, is reckoning as of old up*on liquida? tion by those l01*g * t contracts as their contracts mature, because of notices tendered by the seller, but it rather looks as though the buyer of Octo? ber and December contracts in this market will demand delivery of the cotton, ard these conditions may pre? vail right straight through the season, particularly if to some extent they have hedged their purchases by sales i?? Liverpool. There hedging sales there against purchases here would not be against tk* total long Interest of the principal and strongest bulls on this side, but only to such extent to protect tie bulls against such pur? chases as they lately felt they had to make In order to sustain the market or to prevent raids such as have re? cently been attempted several times, but unsuccessfully, except temporari? ly. I merely present these possibilities, and to a great extent probabilities, for the consideration of those who are fearing, and to some extent have been preaching-, a wide-open break In con? tracts in all markets, but particularly In the local market. There are conditions that have de? veloped in recent months that have never been presented beefore, and mainly bocius*- there has never been before ti e samt? strength Of holders of long contracts as now exists, nor has the cotton trad*' ever known the same condition* as to the demand and sup? ply of American cotton, the require? ments of the former, according to spindle capacity, being the largest on record, and the latter relatively the smallest on record since the American Civil War. Another v?ry bullish feature in the market will soon develop In the hold? ing power of the South, where pro? ducers, having sold enough to sails DBFBAT VOll A POSTAL HANK. Concluslona of Canvas*) of Congress Announced by Chicago Magazine Points Nimm I for Organized Cam? paign. Chicago, Oct. 31.?Enactment of a postal savings bank bill at the next session of congress will fall unless its irlends combine their efforts, unite In an organized campaign and present as compact a front as the opposing hanking interests, declares "Everyday Life" editorially as a conclusion reached by a canvass of votes in con? gress. The urgent advocacy by Presi? dent Roosevelt and by President Taft will be for naught unless the friends of the measure rally In force under one banner. Continuing the address to the public it declares: "For a time it looked as if it might be possible to win the fight with your silent, moral support. But the Amer? ican Bankers' Association is bending every energy to defeat the people's demands for a postal savings system, and unless you get busy and come in? to the game in a personal way it seems likely that this powerful organ iration will be able to strangle the bill in congress. "Here is the situation: There is small reason to doubt that a majority of members of congress, in both houses, are In favor of the bill, as a matter of personal belief and senti? ment, but the hostile Influence of the bankers Is so strong that if a vote were taken today the vote would show against the bill, not for it. "One able representative put the situation in this light: 'There are a great many bankers in this country; they are respectable; they are digni? fied; they are plausible; they are pow? erful, ant't they are organized! When ttiey speak with one voice they make a very convincing sound, that pene? trates even to the dullest ears in Washington. On the other hand, the people who want a postal savings system are right?but they are unor? ganized! If they would make their voices heard in congress, if they would get together and make a noise at the same time they would get the sup? port of a good majority in congress and get the legislation they want. In other words, there is enough friendly sentiment in congress to pass the pos? tal savings measure provided the peo? ple will give them the tangible evi? dences of their strong moral backing.' "If a half a million letters from in? dividual citizens asking for votes for this bill were to be sent to members of congress before the close of the ext session the measure. Would be >me a law, hands down! * "In other words, the members of nuress ar?- in the post ion In this matter of demure maidens who nave been 'asked' by one suitor, but are waiting for a formal proposal by the one they really favor; they cannot consent before they ars asked, with? out loss of Influence and self-respect. "This puts the matter up to you. There is just one way to get a half million letters into the hands of the congressmen. We must extend the membership of the Postal Savings Bank League into every city and town and community of this country. Will, ^?ou do yourself the distinction of be? coming the first member of the league in your community? "In his recent speeches President Taft has made it plain that he is for a postal savings system?for it good and hard! And we believe that con? gress Is with him?only we must give the members such a body of letters, such a tidal wave of public opinion In black-and-white that the most tim? id will not hesitate to vote for the measure." One applicant for membership in the Postal Savings Bank League, the manager of a big coal compny in Montana, writes "I believe that that class of people now having the sav? ings hank Idea (private savings bank) Will not be Induced to change their deposits from a private to a govern? ment postal bank bank, paying a les? ser rate of interest. "1 know of numbers of people that will not deposit in banks of any kind. Some of these very people pay to de? posit their savings with the govern? ment at this time, doing this in the way of buying money orders, which they carry with them until such time as they have actual need of money. I have no doubt that this class of peo? ple would become postal savings bank depositors, and when duly educated to receiving interst money, would In due time, many of them become de? positors In private savings banks. "Thrift makes a nation. Thrift is eduoed by economy. Economy is in duced by saving. Get them all sav? ing." Mr. Robert Sprott, of Fort Mil, ?pent Saturday pleasantly In the city. 0 fy Immediate needs, desire to partici? pate in the higher prices that are be? ing predicted, and justifiably so, and thus n very gradual marke,trig of the crop may follow after the current month, and what a small movement out of a very small crop will mean it would be well worth while to bear In mind. New York, October 23. COL. AULL PROTESTS. Object! to Introduction of a Private Business Transaction of His Into the Dispensary Investigation. The following appeared in the re? port of the Columbia State, of yester? day, of the dispensary investigation: "Leaving this line of inquiry, Col. Felder rapidly passed to enother. This was with reference to some notes in the Palmetto National Bank. He ex? hibited Atters from Mr. Matthews to Jim Farnum, complaining that certain papers or marque and exchange, had not been attended to upon their ma? turity. Col. Felder replied in his opera bouffe manner, when injecting irony into the inquiry, 'When this investiga? tion started under the direction of the present commission, great indignation was expressed by Mr. Koester, the ed? itor of the Record, the official organ for the "plunderbund." At that time w? could not fully understand why he should have been so rrvueh vexed, but from a letter we And here we are per? suaded that perhaps you can assist us, Mr. Matthews, to get the facts. In December, 1908, you wrote Jan. S. Farnum, of Charleston, 'Aull's note unpaid. Koester has not attended to this matter.' Aad again on Decem? ber 19. 'I have seen Koester about note.' 'Now, Mr. Matthews, how much did you lend Koester on Jim Far num's endorsement?' Mr. Matthews replied that he had no idea. He kept no mental record of all of the trans? actions of the bank, but he thought that Koester had once sold stock in the Record to Farnum, and had given the note to take up the stock. "As to the E. H. Aull transaction he had very little recollection. The re? cords showed that this note was en? dorsed by Hub Evans and Koester. Col. Felder paid his compliments to Aull In a most beautiful manner." I am trying to persuade myself that this was written without malice and without the purpose of reflecting or carrying insinuations. I would make no statement in regard to it, but the fact that one's name is mentioned in connection with this investigation car? ries with it, to the minds of some peo? ple, evidence that he was in some way, improperly, connected with the dis? pensary. Unfortunately for me, I have been a borrower for many years. In the course of business I made a note at the Palmetto Bank. I suppose in 1902, which was endorsed by Mr. Far? num and Mr. Evans. The bank dis? counted the note and I got the money. T do not recall the circumstances of the exact amount. It wa^ probably not paid promptly when It became due; which account! for Mr. Mat? thews* writing to Mr. Farnum. J did pay it, however, shortly afterwards, and supposed the matter ended. It was simply a private business trans? action. I was not an officer of the State, neither had I any connection Makes with the dispensary, nor was I in any way interested in the sale of whiskey. The statement that the note "was en? dorsed by Hub Evans and Koeeter" is not true. I never mentioned en? dorsement of a note to Mr. Koester in my life, and do not supposed that he went to the bank and volunteered to endorse my note. What connection a private transac? tion of this kind has with the investi? gation being made by the commission, I am unable to understand. I know that the legislature gave the commission almost unlimited power, hut I felt that their sense of justice and fairness would have suggeted to them the injustice of bringing into their investigation, or permitting Mr. Felder to do so, purely private trans? actions. It certainly has not come to pass in South Carolina that this commission is empowered to go into the private affairs of the citizens, that have long ?unce'been settled, or that endorse? ment of a note carries with it any wrong, and if it dees give them that power, it seem? to me that in the ex? ercise of their discretion they would not permit Mr. Felder to bring up matters of this kind. In the course of business I have had a great many transactions with banks, and as stated above, have borrowed I money and have been able to find I friends who were wilting to ennVn<?? f >r me 1 up to thus time I hwe been a o t.ike care Of the paper I suppose the statement that "Col. Felder paid his compliments to Aull j In a most beautiful manner," is in? tended to carry reflection of some sort, though why Mr. Felder would niih ev one. ;ing for compromises. i ? deal absolutely honestly >nly baking powder il Gr a pe Cream of Tartar ide from Grapes? i Finest, Purest Food Powder sol utely Pure desire to pay compliments of any to me, favorable or unfavorable, 1 not know. I have had no co cation with him whatever, and not know him if I were to m.;ti htm. I feel that the commission ought to bring in the names of citizen* tnls State in regard to purely pe and private affairs, and that an inj tice has been done me by 30 dc Hence I make thi? statement in r pi the matter. E. H. AUL.U. Newberry, S. C, Oct. 2?, 1909. One of the largest crowds of season was in town Friday to atte y% the Buffalo Bill Wild West Show. K?? ery train arriving during the forenoons was crowded to the limit of their omr paclty, although all carried extra coaches, but the crowd that came by rail wns- not a circumstance to the multitude that came by private con? veyance and on foot from all sections) of Sumter and adjoining counties. It was a regular circus crowd and a rec? ord-breaking circus crowd at that. The usual circus parade was mi seed, as many who are in the habit of conx ! ing to town on circus day never enter the tent but content themselves wltk the street parade. The show was well patronized, nevertheless, the crowd tn> the enclosure being estimated at fully 1?-,00?j trat afternoon. The show wan w ?;'? ?A'?rth seeing. Ther? J3 only one Buffalo Bill and only Wild W#??t Sbo^sr I nr.<\ this is probably the lust opportu? nity Sun .-r v?ill h.v.e 10 c-.-e the real 1} Wonderful perfoi mance. Send us j ? jou woffib FOR SALE?The McLeod place, lit 1-2 acres, fine Wateree K\\ swamp, cotton and grain land, n? R. R. depot. J. R. Sumter, 81 ter. S. C. 10-12-tL. Your Suit is Here Bring or Send Your Boy-^Sf^.0* $2.50, $3, $3.50, $4, $5, $6 and $7. In Worsteds, Serges and Cassimeres The Sumter Clothing Co.