The watchman and southron. (Sumter, S.C.) 1881-1930, May 10, 1911, Image 7
MONEY GAN PREVENT WAR.
??FINANCIAL NElltALITY" IS AD?
VOCATED \s rivet: mew he.
Speaking at Peace Congress, Speyer
KeeonimemlM Hefiinal of lioaus to
Belligerent Nations.
Baltimore, May 4.?Financial neu
rallty aa a preventive of war between
nations waa the interesting suggestion
offered at the third National Peace
congress here today by James Speyer
of the New York and European bank?
ing house of 8p?yer ft Co. Mr. Speyer
apoke as a delegate from the chamber
of commerce of New York. He fol?
lowed Huntingdon Wilson, assistant
secretary of State, the presiding offi?
cer, who gave his interpretation of
what has ben called "dollar diploma?
cy." the newly coined phrase applied
to expansion of business interests
through the efforts of the American
State department. The term accord?
ing to Wilson means, "the substitu?
tion of dollars for bullets; the crea?
tion of a prosperity which will be pre?
ferred to predatory strife."
Mr. Speyer, who spoke on "Interna?
tional Finance as a Power of Peace,"
dealt first with the influence of In?
ternational Investments in times of
peace. Taking up the question of
what should and could be dorre In
time of war by first class powers, h*
said: "We And today In Europe that
In time* of peace certain governments
will not allow their bankers to tak-.
and place foreign loans In the home
market unless the purpose for which
the loan is to be used are known and
approved, ond at least part of the
proceeds are used by the borrowing
nation for evpendltures in such home
markets for the benefit of the Had?
ing nation.
"No war," said Mr. Speyer, "if such
supervision and control of the bankers
already In time of peace, it do?s not
seem a wide flight of imagination to
suggest that the great powers might
agree to ererctse such control in
times of war between third parties
and to maintain In future, what might
be called financial neurality' In case
two nations writ to war without first
submitting their grievances and diff?
erences) to arbitration of Judicial set?
tlement at The Hague, why should
the other neutral powers not bind
themselves not to assist either of be
llgerents financially, but to see to It
that real neurality was observed by
their bank and bankers. There is
little doubt that this could be done.
It no .Inanclal assistance could be
obtained from the outalde. few na?
tions would In the face of this most
effective neurality of the other pow?
ers incur the peril of bankruptcy.
Some would certainly last a much
ehorter time."
A criticism of this government for
not having prevented the activities o(
American sympathisers with thy
Mexlcan insurgents along the bor?
der, made by Congressman James F.
Slayden In an address, drew no re?
ply from Mr. Wilson, who sahl that
in all the Latin-American States
Americans ha e been very active in
spite of the federal government to
prevent such activity and that the
record of the t'nlted States in pro?
ceeding against previous filibuster?
ing should have convinced the peo?
ple ?>f Mexico of the honesty of thii
country's attitude toward it
Do (?hosts Haunt sHesjfni -
No, n-ver. Its foolish to f^a?* s
fancied evil, when there are real and
deadly perils to guard against In
swamps and marshes .bayous, and
lowlands These are the malaria
germs that cause ague, chills and
fever, weakness, aches In the bones
and muscles and may Induce deadly
typhoid. But Electric Bittern de?
stroys and casts out these * Icioua
germs from the blood. "Three bot?
tles drove all the malaria from my
system ." wrot< Wm. Fretwel), ol
Lurama. N. G . "and I've had fine
health -vt-r since.m Fse this safe,
sure remedy only. 80c at Slbert'i
Drug Store.
Is to give value for VSltlC rceiv
ed. That is our policy and that
is the reason we enjoy such
a large business. Jewelry is
sometimes very deceiving ind
mimic imitations look Almost as
good the real, when new. How?
ever, after you KlVC had them for
a while you can see the differ?
ence. Yon can rely on every?
thing we sell hring exactly AI
represented and 'hat you will gel
your money's wotth.
I W A Thompson
6 S Main Si. Zweier and Optician
r
WOODROW WILSON GOES WEST
DELIVERS FIRST TALK OF HIS
TOUR.
Movement One of Ileform, Ho Says,
Marked by I'rwe* of Restoration,
Not Revolution.
Kansas City. Mo., May 5.?Wood
row Wilson, governor of New Jersey,
In a speech before the Knife and
Fork club tonight, declared that a
ro w political era, promising much for
the welfare of the nation, is now up
?n the American people. The move?
ment is one of reform, marked by
a process of restoration rather than
of a revolution, he said.
Both great political parties were
represented in reforming present con?
ditions, he said. The Democratic
party was not so chwely allied with
the reactionary forces, "the interests,
as Is the Republican party," said the
governor, and therefore the Demo?
cratic party was better able to ren?
der service to the people In the "pro?
cess of restoration."
The presence of Qov. Herbert S.
Hadley of Missouri added interest to
the occasion. Both State executives
were referred to during the evening
as presidential possibilities in 1912.
Oov. Wilson's speech tonight was
the first to be delivered during his
Western tour. He spent the day as
the guest of local civic organizations.
HIGH SCHOOL NOTES.
Bajtoball Team Disbands?Preliminary
Oratorical Content.
The Sumter High School baseball
.?.mi has be?n disbanded owing to
the non-support of the team by the
people of tho city. The team has
played only five games this season,
winning two and losing three, and had
several more games on Its schedule
which wore cancelled when the team
was forced to disband owing to the
lack of funds.
Formerly all of the boys in the
graduating class spoke at commence?
ment, but of late years there has been
so many In tho graduating class that
It would take too much time for all
of them to declaim, so only six, who
are selected at a prelim'nary contest,
will declaim from the stage at com?
mencement. There are thirty-one
boys in the graduating class this year
and It will probably take considerable
time for them all to speak and It will
probably be a still harder proposition
for the judges to select the six best
speakers out of this number.
STATE WAREHOUSES ADVOCAT?
ED.
President of New Orleans Exchange
Says Such Institution Would Solve
.Many Problems.
Baton Rouge, La., May 5.?"The
warehouse operated by a sovereign
State through one of Its boards of ad?
ministration will be known wherever
cotton Is known and its receipts will
be current throughout the financial
world." In these words W. B. Thomp?
son, president of the New Orleans
the Louisiana State Bankers' asso?
ciation here today, indorsed the pub?
lic-owned warehouse as the solution
for the present defective system of
handling the South's cotton crop.
"If we can store cotton In such
warehouses at a comparatively In?
significant expense to the owner."
said Mr. Thompson, "and can fur?
nish him with a receipt of unques?
tioned and widely approved character,
11 and if we can supply the shipper from
such warehouse with a lading docu?
ment of unquestioned authenticity
and sterling values; our market will
OOSahiaS the availing virtues of econ
?my and probity and will answer the
demands of the exporter, the banker
and th?? producer at one.
"These things can be done by
proptf effort, supported by deter
mined purpose and when accom?
plished will establish conditions which
will automatically bring supplies,
btiytri and money to our markets,
increase the value of cotton to the
pi ?dt* w He reof, udd to our own Im?
portant i and prosperity, and. finally,
will liberate economic forces which
\\iii mane New Orleans .and not Llv
er|.I. the centralizing and distribut?
ing market of the world."
Mr. Thompson said the presence of
i great free stock cotton at an Ano r
k "i port would Invite competition in
ocean carriage, cause a reduction In
the injurious monopoly of the great
L4verpoo| buslnesa
Saved ChlM from Death.
"After our child had suffered from
sewers bronchial trouble f(?r a year,"
wrote r, t. Richardson, of Richard?
son's Mills. Ala., "we feared It had
consumption, it had a bad eough all
the time. We tried many remedies
without avail, and doctor's medicine
seamed <-?s uselesa Finally we tried
Dr. King?*! New Discovery, and are
pleased to say that one bottle affect?
ed a complete cure, and mir child Is
agnta strong und healthy." For
eougha, colds, hoarsen* -s. lagrlppe, as<
thmi. croup and sore lungs it is the
most Infallible remedy that's made,
prele M ocnts and fi ,oe, Trial bo?
tie free. Guarantied by Blbert'l
Drug store.
PRESIDENT J. G. LANHAM.
VETERAN TRAVELING MAN HON
ORED BY T. P. A.
Tin? Greenwood Meeting Was a Qreet
BncOC? end Much Business Was
i>is|H>M-<i or?Rev. n. H. Co vington
Elected Chaplain.
Greenwood, May 5.?With the ban?
quet tonight the convention of the
South Carolina division of the Trav?
eler's Protective Association of Amer?
ica was numbered among the pleasant
events of the past. The election of
officers, taken up during the day re?
sulted as follows:
President, J. C. Lnnhnm of Sum
merton.
Secretary-treasurer, J. W. Lillard of
Columbia.
Delegates at large to national con?
vention, J. H. Dudley, H. E. Heintish,
Chaplain. Rev. Dr. H. H. Covington
of Sumter.
Next place of meeting, Darlington.
The vice presidents, one from each
post, were: E. F. Mlscally of Charles?
ton, J. P. Fielder of Spartanburg, C.
Ban Allen of Anderson, R. L. Black
mon of Darlington, D. A. Boykin of
Columbia, R. A. Magrath of Green?
ville, B. M. Minter of Greenwood.
Riley M. Strange of Chester, W. R.
Phillips of Sumter, and E. A. Griffin
of Newberry.
The following were elected director!
for one year, one from each post ex?
cept Columbia: L. L. Rogers of Mul
llns, T. B. Pearce of Spartanburg, R.
E. Burriss of Anderson, Rlley It.
Strange of Chester, J. W. Coleman of
Greenwood, L. H. Carey of Greenville,
H. Lee Scarborough of Sumter, W. A.
Livingston of Charleston.
The nine directors from Columbia,
headquarters board, are A. B. Josey,
H. B. Ivey, J. H. Dudley, Newton
Brunson, John M. Cohen, W. O. Futch,
W. Lester Webb, J. E. Young and P.
J. Drew.
The delegates to the national con?
vention at Philadelphia from the re?
spective posts are: T. L. Goff, Spar
tanburg; A. B. Josey, Columbia. T. H.
Pope, Greenville; R. E. Burriss. An?
derson; E. D. Sallenger, Charleston;
G. C. Hammond. Greenwood; H. L.
Scarborough. Sumter; L. F. Smoot
Darlington; R. R. Moffatt, Chester; A
C. Jones, Newberry.
For delegate at largo the nominees
and the votes received were as fol?
lows: H. E. Heinltish, 60; J. H. Dud
lef, 61; Walter T. Jones, 29; M. A.
Whisonant, 17; W. A. Livingston, 17;
The two first named were elected.
The committee on nominations
made the following recommendations
for committee chairmen, which was
adopted:
Chairman of railroad committee, A.
C. Jones; press, E. D. Sallenger;
hotels, B. M. Minter; Legislative, L. T.
Parrott; employment, C. C. Pearce;
sick and relief, R. M. Strange; good
roads, H. L. Scarborough.
Greenwood has for two days been
the home of the State convention of
the Travelers* Protective association
of the South Carolina division. And
now that the meeting is over, the
members are loath to leave. "You
would like to live in Greenwood," it
the title of a board of trade booklet.
"You bet," say the "drummers," one
and all. They have had the Green?
wood habit ever since H. A. Bnnson
established the Oregon hotel.
This meeting of the convention has
been one of the most pleasant In its
history, although today there was
some "powerful argyfylng" over some
questions). Cnanimuously It was de?
cided to push in an organized and
systematic manner the fight for a
hotel Inspector and for the mileage
bill. There was a little difference of
opinion over the manner in which
the mileage bill should be managed
In the legislature, but the convention
finally adopted with a few modifica?
tions the resolutions presented by II.
B, Ivey of Post B, Columbia.
Perhaps the strongest feature of
the day, in fact of the whole con?
vention was the address by J. C. Lan
lmm upon accepting the presidency,
('apt. Lanham Is one of the oldest
traveling men In the State and Is the
oldest member Of the T. P. A. in point
of continuous service.
For sorenes of the muscles
whether induced by violent exercise
or injury, Chamberlain's Liniment is
' xcellent. This liniment Is also high?
ly esteemed for the relief it affords
In cases of rheumatism. Bold by all
druggists.
TOR WOMEN STAR GAZERS.
Fellowship of $25,000 Established at
Nan tucket < >b*ervatory.
Boston, May 3.?As the result of a
movement to establish a permanent
memorial to Maria Mitchell, America's
first woman astronomer of note, a
$26,000 fellowship at Ihn Nantucket
Island Observatory to assist women
scientists In studying the stars has
been announced,
Now is the time to gel ri<l of v..or
rheumatism You win find Cham?
berlain's Liniment wondorfu'1
fecttv*. f>ro> application wll
jvlnce you of its merits, Try
?ale by all dealers.
PROPOSE LEAGUE OF NATIONS.
DELEGATES AT BALTIMORE com
MEN D adm IM st bath >N.
Would Settle au Dispute? Between
Contracting Powers?Clark Raise*
His Voice for Pence.
Baltimore, May G.?Resolutions
crysta Using the sentiments which
have inspired the sessions of the third
peace congress, and marking the de?
velopment of the peace movement
throughout the country were adopted
by the delegates to the congress to?
day. They contain a hearty indorse?
ment of the federal administration for
its effort in behalf of world-wide 1
peace through the treaty of arbitra?
tion with Great Britain and for the ]
establishment of the international
prise court and of the International
court of arbitral justice. The sugges?
tion made yesterday by James Speyer,
the New York banker, that nations
should prevent, as far as possible,
loans being raised by their subjects or
citizens in order to enable foreign na?
tions to carry on wars, Is favored, and
the United States government is re?
quested to include this matter In the
proposed programme of the third
Hague conference.
The resolution was submitted by
Isaac N. Sellgman, another leading
banker of New York city.
The resolutions were for the gov?
ernment to enter upon negotiations
with powers looking toward the for?
mation of a league of peace planned
3imilarly to settle by amicable means
all questions which may arise between
the contracting powers.
A general arbitatlon treaty on the
lines of the proposed treaty with
Great Britain is favored, as is also
a continuous study of armaments by
official commissions of the govern?
ments interested.
The proposed celebration of 100
years of peace between the English
speaking nations i3 approved. An?
other resolution asks that congress
pass such acts as will make the gov?
ernment hold each State responsible
for any outrage committed upon the
person or property of foreign subjects
with the State. The gratitude of the
congress is expressed to Andrew Car?
negie and Edwin Ginn of Boston for
th??lr munificent contributions to the
cause of peace.
Under the name of the American
Peace congress the present body be?
comes a permanent Institution, meet?
ing once in two years.
Speaker Champ Clark of the na?
tional house of representatives, in
presiding as toastmaster at the ban?
quet of the conference, lent his coun?
sel for v orld-wide peace.
Mr. Clark said: 'It may be apropos
for me to state that my voice is not
for war but for peace?peace consist?
ent with national honor and with na?
tional safety.
"Good men and go^J women hall
the peace movement as a harbinger
not of the millenlum, but for a better
state of affairs than has existed on
earth at any time since Cain slew
Abel.
"We should lead resolutely and
constantly In this movement. There
is every reason why we should do so.
With friendship for all nations and
entangling alliances with none, with
no desire to over-reach or encroach
upon any nation, we can with no sel?
fish motive, but with a sincere desire
to promote the happiness and welfare
of the whole human race, lead in this
glorious undertaking."
Foley Kidney Pills take hold of
your system and help you to rid
yourself of your dragging backache,
dull headache, nervousness, impaired
eyesight, and of all the ills resulting
from the impaired action of your
kidneys and bladder. Remember It
is Foley Pills that do this.
The Infant industries of the coun?
try are abb., to raise a howl which
sounds like most of them have the
lungs of full-grown men.?Greens?
boro (N. C.) Telegram.
A Burglar's \wful Deed.
may not paralyse a home so com?
pletely SS a mother's long illness.
But Dr. King's New Life Pills are a
splendid remedy for women. "They
gave me wonderful Pent tit In consti?
pation and female trouble," wrote
Mrs. M. C. Dunlap. of Leadill, Tenn.
If ailing, try them. 25c at Slbert's
Drug s't<ue.
The season is arriving at the pivo?
tal date for prices of coal to go down
and prices "f ice to go up.?Pittsburg
I Mspateh.
Foley Kidney Pills are a true medi?
cine. They are healing, strengthening,
antiseptic and tonic. They act quick?
ly. W. W. Blbert.
Governor Wilson favors local op?
tion, but not as a partisan creed.
Whether wc have local option or pro?
hibition there will always be plenty
of nu n who will swallow anything
News and Courier.
Do Vou Have the Right Kind of
Hol,?
Foley Kidney Pills furnish you the
right kirn) of help to neutralize and
Local Firm will Continue Valuable
Agency.
DcLorme's Pharmacy of this city
has just closed a deal whereby they
will continue to be agvnts for Zemo
?the well known remedy for ecze?
ma, dandruff, and all diseases of the
ykin and scalp.
The extraordinary leap that this
clean liquid external treatment for
skin affections has made into public
favor in the last few years proves its
wonderful curative properties and
marks it indeed a valuable addition
to the fine stock of remedial agents
carried by DeLorme's Pharmacy.
They have a limited supply of
samples. One of which will be
given free to any skin sufferer who
wishes to test the merit of the med?
icine. A booklet "How To Preserve
The Skin," will also be given to those
interested. No. 1
ALL WRONG.
The Mistake is Made by Many Sum
ter Citizens.
Don't mistake the cause of back?
ache.
To be cured you must know the
cause.
It is wrong to imagine relief is cure.
Backache is kidney ache.
You must cure the kidneys.
A Sumter resident tells you how.
P. R. Mayo, 115 E. Liberty street,
Sumter, S. C, says: "Doan's Kidney
Pills proved more beneficial to me
than anything I had previously used.
Two years ago I was injured and as
the result my kidneys bothered me a
great deal. My back ached severely
and I had such pains through my
loins that I could hardly move. I
tried prescriptions and liniments and
took several other remedies but did
not receive relief. My kidneys were
weak and the kidney secretions con?
tained a dark sediment and were
irregular in passage. I could not
rest well and if I attempted to lift,
sharp pains caught me through my
loins. Since using Doan's Kidney
Pills, procured at China's Drug Store,
the backache and lameness have all
disappeared end my kidneys are more
normal. I feel fifty per cent better
and it therefore gives me pleasure to
recommend Doan's Kidney Pills,"
For sale by all dealers. Price 50
cents. Foster-Milburn Co., Buffalo,
New Y'ork, sole agents for the United
States.
Remember the name?Doan's?and
take no other. No. 14
i paocunzn AHO DCFCNDJE
J OTMring <?: >to.forciLi?ii-tb<.*T<?:. *:iufn.-c;p?"<r_. ,
3 Fre* R-lvic... how to obulu puU'iite, titule uuukft,
I MwrufWt in all c0untrie3. j
I SuMnest direct ? iik ^'ahvigtcr. saxes time.
J ::: m:y a id ft>-n tlie f atent.
1 Patsnt and Mhssssast Prtttica Inclusively.
J Write or come t? a* ftt
i '2J ITlatn Si.re?t, opp Ohiti4 State* Patent C?e?.
was/'.:: : :n,o. c.
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Anyone ^Hnf ask?t?*l P id doscrlntlnn n?J
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tiou**trtctl?< nttdeiitlnl. ?MI0WMM on Patents
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DEMURRER OVERRULED IN
MAYBANK Vs. ROGERS.
In Sustaining Circuit Judge, Su?
preme Court Declare* that Cou
tracts for Future Delivery of Cot?
ton in South Carolina are Void, la.
lese Bona Fide Delivery Is lutend
ded?"Futures" Illegal?Action of
Charleston Firm Against Florence
Citizen.
Columbia, May 5.?That no cotton
can be sold for future delivery in
this State unless bona fide delivery of
the cotton is intended, is emphasized
Ly the Supreme Court In a decision
bunded down today. The statutes
provide against dealing in so-called
' futures" and the cotton must actual?
ly be delivered to make the contract
effective.
Jn the opinion, which lj by Chief
Justice Jones, the Circuit Judge is
sustained in overruling a demurrer in
iho case of Maybank <& Co against F.
M. Hogers, of Florence. The case will,
th refore, be tried on its merits. The
amount involved is $17,187.50.
The demurrer overruled by Judge
IS] nest Gary was upon two causes of
action involving two contracts for
sale and delivery of cotton.
F. M. Rogers, it is alleged, agreed
to sell to Maybank & Co. on June 22,
1009, 500 bales of cotton, ths same
to be delivered a: Florence between
December 15 and 30. The contract
price was 10 1-2 cents per pound. It
is stated in the complaint that it was
the bona fide intention of the seller
to deliver the cotton. On December
31 the market price of cotton was
1". 1-8 cents per pound.
I The suit was brought by Maybank
& Co. when the cotton was not de?
livered, to recover the difference be
I tween th contract price and the
I market price and the market value on
the date named. The amount Involv?
ed In this was |ly,562.50.
Another contract was made July
1 7. 1909, for 500 bales at 11 1-2 cents
I per pound. The selling price on De
I ember 2 was 11 3-4 cents, the cotton
I was to have been delivered by the
I 1st For the difference in the price
I of contract and the market value on
1 December 2 the Manybank firm de?
mands $565. ,
j The two contracts for cotton not
I delivered by F. M. Rogers involve
$17.187.50, difference In prices oc?
casioned, it is alleged, by the non
I delivery.
I F. M. Rogers sought to have the
I complaint thrown out on a demurrer
I on three grounds.
First?that the parties to the con
I tract did not Intend for the cotton to
j actually be delivered,
j Second?That the plaintiff sought
I to reeo\ er the profits by reason of
I the difference In price, but did not
j purchase cotton to replace the cotton
bought on contract from the defend?
ant and did not suffer any actual loss.
Third?The dates fixing the price
j were in each case a day later than
the limit for delivery. (This ground
alandoned.)
! That in the sense that the word is
I used on "Change no "futures" are to
be permitted in South Carolina, is
shown by the Court in quoting Sec?
tion 2,310 of the Code, as follows.
"Every contract, bargain or agree?
ment, whether verbal or In writing,
I for the sale or transfer at any fu?
ture time of any cotton shall be void,
unleaa it is the bona fide intention of
I both parties to the said contract, bar
I gain or agreement, at the time of the
making of the same, that the cotton
j so agreed to be sold and transferred
-hall be actually delivered in kind by
the party contracting to sell and de?
liver the same, and shall actually be
received at the time In kind by party
contracting to receive the same at the
period in the future mentioned and
specified in the said contract, bar?
gain <>r agreement for the transfer
and delivery of the same."
Such a complaint alleging that a
bona tide contract for actual delivery
was made constitutes a cause of
action. In this case such a com?
plaint was had so that the overruling
? >f the demurrer was proper, decides
the Court.
"It Is true." writes the Court,
"that the statute (Section 2.311)
places the burden of the proof on
the plaintiff to establish the bona
tide intention of the parties at the
time of making the contract, but it
i- not necessary to state the evlden
oiary matter by which such intention
may be established."
The Court overruled the conten?
tion about the actual pun-base of cot?
ton to make up for the contract cot
ion, saying that there Is a general
rule that the vendee does not have to
?o out and buy goods to make up
for something contracted for to es?
tablish that he has lost money, it la
only necessary to prove the contract
i?ii' . ami the market price at the
time of the proposed delivery of the
cotton or other goods,
'This rule." nays the Court "does
aot e mtemplate that the \ - nd< e to