The watchman and southron. (Sumter, S.C.) 1881-1930, October 05, 1910, Image 4
She aftliithmim :mb ^onitljrtm.
Tb? * uro tee Watuhrtan wan found?
ed In lilt aju" the True Southron In
litt. The Watchman and Southron
now ana ths eo.aMnod circulation and
MnWMt if iofH nj t?v n|| ptnjnfi
and ta manifestly the boat advertising
medium in 9urater.
ttallwsy Regulation.
Although there was little novelty In
the railway's presentation of their
case for the advance of their rates,
there was much that was novel In the
shipper's contention. In Chicago it;
waa testified by one railway that
forty million dollars of earnings had
been put back Into the property. In
this city It was testified that MM
thlrtv-nve millions of dollars of earn?
ings had been expended upon the
now Pennsylvania terminal. This was
In accord with the formerly approv?
ed rule of practice by the best roads
?"a dollar for dividends and a I >'
lar for betterments." It was this
principal of plowing the earnings
Into the property which has knnt
?lo vn the capitalisation of Amern iii
railways, at the same time that their
rates have not risen with other prices
f >r services and goods.
On this formerly approved princi?
ple the shipper's council joined issue
taking thlr cue, it must be admitted,
from certain rulings of the Inter
State Commerce Commission. These
improvements made from earnings
ware regarded as grievances, and in
themselves as proof of extortion. It
was asserted as a right that the roads
should reduce their rates by what?
ever sums of earnings they have been
accustomed to devote to improve?
ments. Even the misfortunes of the
railways were imputed to them for
a fault For example, it was alleged
that because ons rosd had lost large
sums by equipment frauds, and had
prospered nevertheless, thereofre It
bad overchsrged by the amount it
had lost by embesslement, and
should be held to reduce its rates by
the amount of its losses. The broad
position of thoss assuming to act for
the general public Is that the rail?
ways should be allowed to charge no
more than would Just prevent their
setting up s defense of confiscation,
and. in estimating their permissible
income the railways are held by these
spokesmen to be entitled to no more
than a reasonable Income upon the
amount of their own funds which
they have devoted to the public use.
These gentlemen seem in some
danger of winning a battle and losing
a campaign. It is conceivable that
they may prevent an advance In
rates, and come to regret the conse
quen* laek of vitality In the rail
wrva. American railways are far
fr sn having attained their growth.
They are in need not only of income
enough to sustain their life, but to
stimulate their growth. There Is a
certain Justice in having the funds
necessary for their growth contribut?
ed by those whose patronage of the
railroads Is s source of profit, rather
than kg the general public whose
gaha from the railway h. less direct.
If the rallwsys sre held to capitalise
their tott'rmenta. snd must borrow
mom v. Interest must be paid on the
mon*?y borrowed, snd the rates must
be adequate to pay the Interest and
provide a sinking fund for the ex?
tinguishment of the debt. As inter?
est must come from earnings, it
would seem to come to the same
thlag In the end.
Whatever the merit of this argu
ment N either side, it is plain that
a new light Is thrown upon what is
thousnt to be regulation of rates.
Heretofore It has been thought that
the function of government was
mereU to assure that rates were
reasonable snd Just, that Is. neither
extortionate nor discriminatory, to?
ward either persons or places. If the
position assumed on bcr?'f of the
shippers is sustained there Is no de
tall of the management of the rail
ways to trhl.il for examination and
rnotrol It i* re?t ?re.'igh for the
rallwuys to sustain their claim that
they need nv?r ? money. They cannot
IIfv ??n totals, but must prove In
lall Just how much they want for
termin ils. Just how much they want
for wages, how much for interest,
and ? . on Indefinitely.
The rallwavs plead that they can
not do It. and that nobody 0Ottld<
||ow?\.r that mav he. it Is evident
that the success of the contention
w? ul I ??stabilst? a new definition of
mllwi'v regul itl .n. and one not in
accord with th?- present law.?New
Tor* Times editorial.
< barters Issued.
*??< r> tary of State Friday Is
sued two charter* It firms in this
i Ity. The firms newly organised to
do business here are The People's
hank with a capital of $50.000. The
charterers of the bank sre, I* D.
Jennings. I* I Parrott. S. W. Stubbs,
C C. Meek. J. W. Shaw, J. M. Itrog
d.oi. M C. Wallace and lt. I?. Kpps.
A charter was also Issued fur the
Forester Lumber Company, to Carri?
on s lumber business with headquar?
ters it this plate. II. N. Forester
chart- red *he concern.
HOYS' CORN CLUB MEETS.
Method of \wardlug Prizes in Corn
Content I? l>o?ldcd at County Su?
perintendent's Office.
The mating Of llM Boye' Con
Club at the olhee of the superintend?
ent Of education on Saturday was at
t. i?? i. . 1 \>\ a large number of hoys
who have entered tile torn OOntOSt
.m l \>\ ? number of gentlemen from
the surrounding country who arc In
lorootod In the work of growing cun
and Instructing th ? boys in agricul?
ture and m.iktn< farmer-; of them.
'I'll, mooting wm for the purpooo of
6N OkUng the best method Ol forming
a decision as to who were the prlSC
winners in the corn contest in this
? Munty.
It was decided at the meeting that
tie best method of coming at an tfh
Lmate of who should be awarded ?he
prlMf would be to let the boy entered
in the contest chooae two gentlemen
from his neighborhood, not related
to him. who should Watch the gath
?nn? of the corn, should measure
the land on which the corn was
grown, sending their measurements
and weights to the executive commit?
tee. Each wagon load of corn should
be weighed, then one-fifth of the
corn should bo shucked, shelled and
weighed. Samples of each wagon
load should then be sent to the exe?
cutive committee and. with these a.id
the other facts given, the committee
would decide who had made the most
points, or highest percentage, the
hoys gaining the most points being
the ones to get the prizes.
The number of points is to be de?
cided by the following method:
The boy making the greatest yield
of corn on one acre of land will re?
ceive 30 points; the boy making the
best bushel of seed corn gets SO
points; for the best article telling of
the method of cultivation and fertlll
axtlon 15 points; for the greatest
profit made on the acre 25 points.
The boy making the greatest average
of points gets the first prl*.e.
There were seventy-two entries at
the beginning of the contest, and
many of the boys are stickers and
will come up at the time for making
their show down and will be seen on
the 15th of October when the prizes
are to be awarded. The boys were
lHOWSg to choose their own seed |
corn, most of them taking the Gher
rick Prolific, which has been tried
and found to be one of the best va?
rieties of seed corn for the land in
this county.
The judges of the contest who are
the executive committee are: Mr. H.
L. Scarborough, Mr. H. O. Osteen,
Mr. 8. D. Cain, Mr. J. F. Wilhams and
Mr. L. L Parrott.
In connection with the corn club,
but not a part of It, Mr. L. I. Parrott
has offered to pay $50 for the largest
hog grown in the county, the hog
not to be more than one year old
by November first.
THE NEW SALES STABLE
Messrs C. P. King and J. I). lllandJiig
Organize Live Stock Co.
The King-Hlanding Live Stock
Co., which was recently organized by
Messrs. C. F. King and J. D. Bland
Ing. with a capital stock of $10,000,
Is now open for business in the
stables in the rear of the Osteen
Publishing Co., building on West
Liberty street. The first car load of |
stock arrived Monday from St. Louis
and another car load will follow at j
frequent Intervals throughout the j
season. In the lot now on hand are
to be found a number of nice driv?
ing and saddle horses and a bunch of
smooth young mules.
J. W. Hecknell, deputy sheriff of
Spartanburg county, has been ac?
quitted of the charge of murder re?
sulting from the killing of Cal Towe. I
whom he shot while trying to ar?
rest him.
A big freight load of fruit and
vegetables came in Friday on the
afternoon train from Columbia.
GARLINGTON AND YOUNG AP
PEAL,
Lack of Stenographic Facilities Do- ;
lays court's Decision.
Columbia, Sept. 80.?A case of in?
ten.,, local und State-wide interest
that is 00 appeal to the State Su?
preme court is that of the state
against John v. Garlington and J,
Btobo foung of broach of trust with
fraudulent intent, In connection with
the "Semlnole" disclosures.
The ease hai not yet been filed
with the clerk of the Supreme Court.
Since the notice of Intention to ap?
peal was given, one term of the Su?
preme Court?the spring term?has
paaet d. The defendants are at large.
under ball bonds.
In this case If exemplified the need
Of an aditional Court stenographer
for this circuit. Stenographer Mac
feat has been ruled several times in
connection With the testimony in the
Garlington-Young case and he has
not been able to get the reocrd
transcribed because of the piling up
of work on him. The attorneys of
this c ircuit have recently appointed
a committee to look into this mat?
ter. With thirty-two weeks of
Court in the year, it is said to be
well-night impossible for one stenog?
rapher to do the work. I
Following the Semlnole disclosures J
John Y. Garlington and J. Stobo '
i
Young, president and secretary, re- !
spectlvely, of the Seminole Securities |
Company, of this city, W'Sre Indicted. |
The general count In the lndict
i
ment was:
"That John Y. Garlington and
James Stobo Young used various
amount! of the securities of the com- J
pany to the amount of $55,596.77." |
The checks were signed by Young, j
as secretary. Garlington, after a j
sensational trial, was found guilty of
breach of trust with fraudulent intent j
and was given five years, and Young
one year.
The delay In the appeal of Gar?
lington and Young calls to mind the
fact that C. J. Hebert, once called
"the broker genius,' 'who effected
the sale of the Semlnole stock to
the Southern Life Insurance Com- j
pany, of Fayettevllle, is beyond the |
reach of the Court of this State, j
Governor Patterson, of Tennessee,
having refused to honor Governor I
Ansel's requisition for the man. !
SENATOR-ELECT PROW ARD
DEAD.
End Came while Surgeons were Pre?
paring to Operate.
Jacksonville, Fla., Oct. 1.?Napo?
leon Bonaparte Broward, aged 53,
the choice of the Democrats to suc?
ceed James P. Taliaferro, as United
States Senator died a few seconds af?
ter being placed on the operating
table of a local hospital shortly af?
ter noon today. The immediate
cause of his death was gall stones
with complications and death oc?
curred as the doctors were prepar?
ing their surgical Instruments. He
had been 111 for weeks, and Wednes?
day It was seen that his chances of
recovery were slight.
For four years Mr. Broward was
Governor of Florida. and during
that time commenced the drainage
of the Everglades, which, when com?
pleted, will probably be the great?
est single undertaking In Florida's
history. After serving his term as
Governor, Mr. Broward was defeat?
ed for United States Senator by Dun?
can U. Fletcher, which, by the way,
was his only defeat In politics. In
June of this year he defeated James
P. Taliaferro, at the Democratic pri?
maries and was regarded as the
strongest political factor In the
State.
Mack Wright ambushed and killed
John Galllard, another negro, at
Sllverton, Alken county on Sunday.
Dot Taylor, a negro, was convicted
In Lexington county of manslaughter
and sentenced to thirty years in the
penitentiary.
COTTON GOES DP.
CONDITION FIGURES CONSIDER
ED RATHER BULLISH.
Crop Roporl Sends Prices Well lTp
.nid Through Reactions I oliov, Daj
Com? with Rally.
New York, Oct. 3.?Although to?
day's government report on the con?
dition of the cotton crop did not
fully hear out some of the extremely
bullish private estimates, it was i>ui
liah enough to start an active buy?
ing movement which advanced prlcea
to b new iiif-rii record for the season,
While there was some realizing the
market advanced to 14.13 for Decem?
ber and 14.31 for March before there
was any reaction of consequence.
Even then offerings wer*? so well ab?
sorbed that after selling off some 15
to 25 points from the top the market
again rallied and at the close was
firm with last prices 20 to 30 points
above the doling figures of Saturday.
Business was more general than at
any time since last May. for the ex?
treme excitement which attended the
closing phases of the old crop bull
campaign did not represent such
widespread interest as the market
now appears to be attracting, owing
to an apprehension that another
small crop is to follow.
For the last two or three weeks
the market has shown an advancing
tendency based upon a bullish view
of crop prospects and it now appears
that some of the same hull leaders
who were prominently connected
with the moevment of last season are
already accumulating large holdings
in anticipation of further high prices.
The foreign buying had been con?
siderable and before the government's
condition figures were issued today
December contracts, which had sold
at 12.83 last month, were selling at
13.94, while March contracts, whlcrr*
had sold at 12.87 after the culmina?
tion of the old crop bull campaign,
had advanced to 14.12.
While the acreage this year is
greater than last season, bulls assert
that the crop this year is so late that
calculations based upon the condi?
tion figures will prove misleading un?
less there is an abnormally late grow?
ing season. The census report issued
earlier in the day had no immediate
influence on the market. Later re?
ports from Liverpool asserting that
the labor troubles in the cotton mills
had not yet been settled, seemed to
attract comparatively little atention,
although they may have promoted
some of the selling in the late after?
noon.
Southern spot markets as officially
reported were unchanged to l-4c.
higher, but local buyers professed to
believe that the South will be found
ready to follow the speculative ad?
vance.
COTTON CROP HAS DETERIO?
RATED.
Figures Arc a Little Below the Aver
ago for Ten Years at Same Date.
Washington, Oct. 3.?The average
condition of the cotton crop on Sep?
tember 25 was 65.9 per cent, of a
normal, as compared with 7 2.1 a
month ago, 58.5 a year ago. 69.7 in
1908 and 66.6 the average of the past
! ft years on September 25 as esti?
mated by the crop reporting board of
the department of agriculture.
The condition of the cotton crop In?
states, with the 10-year average on
September 25 was:
State.
Virginia . .
North Carolina
South Carolina
Georgia . .
Florida . .
Alabama . .
Mississippi . .
Louisiana . .
Texas .
Arkansas .. .
Tennessee .
Missouri . .
Oklahoma . . .
10-year
1910. average.
78 74
72 71
70 70
68 71
6 6 70
67 66
63 67
51 64
68
7 3
75
70
67
72
74
69
California
WE ARE SHOWING
s,hyl.Newc" LADIES' COAT SUITS
And have a large selection
from which you can make
your choice; therefore you
can get nicely fitted here.
The Prices are Right, (Jtj *| f\ * d* A f\
Hanging from .... iPlU IO ?P^dbU
Shaw & McCollum Mer. Co.
13fie First Car Loeid
of Horses e>.r\d Mules
Ha.ve Arrived . . . .
?Hl H
^TT Nice lot of Driving and Sad
%\\ die Horses in the lot, also a
choice bunch of well broke
Mules. Will have on hand during
season a well selected lot of Horses
and Mules.
We will be glad to see our old
friends and customers, and all others
who call when in town will be wel?
come.
Stables, West Liberty St, in Rear of
Osteen Pub. Co/s Building
King-Blanding Live Stock
Company
v advertise*'"*71* Pr Afvj) jv t**v a nvqprTSHK,T
columns of he ? uly item will bring results.
Not in the Circus Trust
V%na?r*? "u'./'^^V ftHl
? \li^t?
Sumter, AfT 17th..
Monday, vvl* IIs
America's Oldest, Richest Circus. A modernized stupendous
realization of all that is great in the circus world. 4 ring.*, 3
combined menageries, hippodrome and great wild west, all
united in one greatest show on earth.
1000 Men and Women 400 Horses
Enormous Zoological Exhibit
30-Male and Female Riders-30
AM) iVRRY ONE A STAR
6-SREAT AERIAL THRILLERS-6
Tho Wonderful DeComas. LeMars,
Leacli ami Vance, Mi?s Webb and
Mi>* Davis. The Beeidest Japs
COMPLETE WILD WEST
COWboys. 50 c<iw_'irls, 50 rt r\l
blanket Indians, Mexican horse
men,Vequeros, Russian Cossacks
Hiai Japanese Rcouis. Blngelese
Dancers and Magician*, Company
of V. s. Cavalry la all kinds of
fancy drills.
WARREN TRAVIS
STRONGEST MAN LIVINC
Lowanda's Eight Brazilian Ride
1 h?< World's Cceessaf Horseman
50 Clowns! 100 Feature Acts
lOQ-Acrotws and 6ymnasts-1(
3 Famous fS?i^ Elephant*,
Including Robinson's Wonderful
Comedy Four
Grand Camp of the Nations
$500,000 Free Street Parade
Two performances dal'y. Doors open at i:0o and 7:0u p. ra.
The only big show not in the circus trust, consequently there will
be no adavnee In prices for seats or otherwise.