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iii Ml outrjron. Hl'sfTKR WATCHMAN, Established April, 1850. "Bo Just and Fear not?Let all the ends Thou Alms't at be thy Country's, H?y God's and Truth s," TILE TRUE SOUTHRON, Established June, loot. Consolidated Aug. 3,1881 CURRENCY BILL CHANGED. _ GLASS HKASl HK \ DO ITS AMI.ND MUNT INI LA DING ADVISOR* HOAHI). I?u,., , Cells Caucus of Democrats oi Mow to Fs*s on Mensur?* August 1 i ?HwH to I'erfect It C ontinue. Washington. July 31.?Eventi crowded upon each other today li the progress toward completion o! the Qlaas cm in v hill in the hous< committee on banking and currency Chairman Glan*, following out hi. agreement yesterday with SecreUr: McAdoo. ..I.i mod the adoption of at ^amendment in the Democratic confer ?nee for the creation of an "advisor: board" of 12 bunkers, whose privilegi it ahell he to confer at regular inter vala with the federal reserve boan that would be created under the nev currency plan. Chairman Glass also presented hi proposal to prohibit interlocking di rectorate* among national banklni institutions. This amendment pre clpttMed a discussion and was carrle? over without action until tomorrow Dun ok the day Representative A Nil'' bell Palmer, chairman of th< Democratic caucus, sent out a call foi a currency caucus August 11 to tak< up the bill. Democrats were unable to predlc the condition in which the Glass bll will go Into the proposed caucus. Kf forts will be ma*de at the committee meeting tomorrow to pei.ect th< measure as nearly as possible, bu several majority members of th< committee are radically opposed to it provisions and refuse to give it thel Indorsement. Representative Kugle of Texas, on< of these Democratic members toda] Issued a long digest and criticism o the bill, declaring it was "fundumen tally bad." that it would sucrltlce th< country banker to the city banker and that it would place dungeroui eytxr.d of the country's welfare in th< hands of a few men. another development of the da> was the demand for an investigntioT ahy the house committee of Secretarj ?$rAdon* recent charge that New York bankers are engaged in trylnt. to deprese the va'ue of government 2 per cent bond* In order to create sen ttinent against the administration cur ren? y bill. Representative Neeley o Kansas prepared a resolution, whicl will be Introduced tomorrow, askini Secretary McAdoo to appear beton the committee to present proof of hi charge. "My experience as a member o the money trust committee convince me thut Secretary McAdoo was cor rect in his statement that there is i deliberate conspiracy to depress gov? ernment bonds on the stock ex change," naid Representative Neelev In a statement that accompanied th publication of his resolution. Representative Kagle, who appa rently has broken entirely with ih supporters of the Glass bill, decluret In hi* statement the measure ultlmute ly would force all bank Interests o the country into a gigantic plan t< control the election of the preslden of the United States, "since euch pres Ident in future will huve the appoint ment of a majority of the federal re serve board of directors." ? WlLIML IN vi Will 111 c N JAIL Convicted Henker Given t ppcr Room Whore He Will be Fairly Comfort sole. Newberry, July II, ? Milton A Car lisle went to the county jail ihn morning and put himself in the hand of Sheriff Mease to serve the yea and a day" of h's Bauteiles and wa. given an uppor room in the building where he will be as comfortable a < ?r. umstancc* will permit. Curlisb will be 72 years old September 7 ri-xt. and Is In feeble health. IMJV. MAJOR To WORK ROAM Missouri's I te* oilve Ui Help Carrj Out Ills I'mm'la ni.it ion. Joffsfpon City, Mo., July II, <loi Major will take eharga of a gaso Mm I notion engine and tour reay traders, AukumI 2? to i\, the .la\s sei ..?e?ri m ins proi tarnation lot Improve ment of public hlghwnjm Today tin Governor received I letter from a tra? tloo cripany offering to give ? gnen? hne tr?? ihm engine and four graderi If the Governor would eonsonl W direct the work. Mr, Ma jor a< copied Letters continue to pome in dallj fr?*m all sections of the State pnune tag s n^oersl r?'H|M.nm to the pro I i mat ion There Is no . ..oipUInt of lack (i rain from fuimer*. OOYF.ItNMFNT WILL DKP06T1 FUNDS TO Sl'l*l*LY FALL DE? MAND. McAdoo Will lMnce Between $23,000, OOO and $:><>,000.000 at Dis|M?sa| o Ftiwnn iuI Institutions of South MM W^st to Help Move Crops. Washington, July 31.?Prom t27,, 000,000 to $50,000,000 of governmen funds will bo deposited in the nationa banks of the South and Wist at one by Secretary McAdoo to facilitate th< movement of crops. Federal, Stab und municipal bonds and Mime com mercial paper will be accepted as st curity for the money, upon which th banks will pay 2 per cent interest. The motive of Secretary McAdoo ii establishment this new policy is to an ticipate the money stringency in th late summer and fall, which invariabl accompanies the marketing and move ment of crops, especially when th ?*rops are unusually large, as the har vept now beginning forecasts. He in tends to take time by the forelock am prevent or minimize the usual tight ness of money. In a statement today the secretar made the significant answer that gov? ernment bonds would be accepted a par as security for the new deposit and that the additional money woul< 11 be placed only with banks which hav taken out at least 40 per cent, of thei authorized circulation. United States 2 pet cent bond? serving as security for most of th nationa) bank circulation, have beei depressed recently to new low marke records, dropping to 95 3-4 during th past few days. The secretary's will ingness to accept these bonds at pa as security lor the |25,000,001 to $;.<> f I 000,000 of promised deposits and th inducement to the national hanks t increase their circulation up to the 4 per cent limit Is expected to help 1: restoring the parity of the depressci 2* by c reating a new market for them For the first time in history th Y| government will accept prime corn inerclal paper as security for deposit.* f. This prlvlb.^e will be granted, an f nounced> the secretary, in order t< *> make these special deposits availabl to the banks on securities alread within their reach. "The commercial paper submitted, I added Mr. McAdoo, "shall first 1) passed upon ami approved by th clearing house rommlttees of th Oltlfg in which the bunks offering sucl PUper may be located. All eomnn-rein paper and bonds must finally b passed upon and accepted by the sec retary." Approved commercial paper wil be acepted as security for the de posits at G5 per cent of its face vuhn and hieb (lass State, municipal ntv other bonds, exclusive of governmen bonds, at 75 per cent bf their mark?' value. The additional deposits will b placed with the national hanks in th ? two or three principal cities in eacl ? of the States where harvestii nov ? I hi In progress and where the deman< J for money for moving the crops mos 1 I conveniently can be nod. The secre tary said it would not be pructlcabl to scatt r the deposits among th smaller cities, especially in view u the character of securities necessarv T The banks will be required 10 re turn the money to the public treasur: when the crop! have been moved. Th present suggestion is, Mr. McAdo< said, that II per cent be repaid ii December, 30 per cent In Januar; II per cent in February, and L'5 pe cent in March next. "Steps are iu>w being taken to car l ry out the plan." added the set a-retary i "mo that the funds may lie promptl; i available for the movement of crops' Names of banks to receive the dc I posits and oilier details of the nr ft rangemenl will be nnnounced later. , This new policy is the antithesis o that adopted by Former Secretary MacVeagh, who two years ago de { ( lined to make gOVemmenl deposit: to relieve the light money market oi r the ground that the moderate aurplui of federal funds at that time sh<>ub be held in a reserve to be utilised ?? some possibly critical stage, i ? j With the net balance in the genera I fund today amounting to nearls I IIIS.eet,tee, Becretar) McAdoo hai taken the stand that the government ? should anticipate the situation hj ? placing deposits Where and at tin lime they are needed. i lit he full 110,000,006 |? depot lte< > this step w ill temporal II) altno double the government*! deposits will the banks which how hold |6?,t. sol or federal funds. Just as gee retary McAdoo wss sn noeut his plan. Meantov Tlllman oi Houth Carolina was Issuing a state f mi-ill declaring Ihsl unless eongrc I acted quickly to prov ide an emergen AMRASSADOR WILSON FAILS TO INFLUENCE PRESIDENT WIL? SON IN FAVOR OF MEX? ICO. i Pr?sident Glvoa Aseomnoes That Mb Every Thought Is Friendly to Re public in Ibe South?Waiting Claim Muf Itrin- Trampiility to Trouble*! Republic. WAflhlngtoni July .11.?Presiden Wilson mode it clear to those win discussed the Mexican situation wit! him today that hp had not been sway ? d in the least degree by argument] of Ambassador Henry Lane Wilsoi in favor of recognition of the Huortt government in Mexico. He let it iw known that his analysis of condition; from official and unofficial reports ant . his judgment of what should be dorn had not been altered by the ambas sador's statements. The president la formulating a pol icy which he told his callers toda: - Involves nothing that Is not entirel: 1 friendly to Mexico. He has not ye - announced what his programme wil be, but he is emphatically and unal 1 torahly opposed to the recognition - under any circumstances of the gov I eminent set up by Provisional Pres s Idont Huerta through the events ii '1 which President Madero and Vic< e President Suarez met tragic death. t It developed today that Democrat: in the senate were concurring in thi view and further discussion of Am e bassador Wilson's statement befon n the senate foreign relations commit t tee brought out a general sentiment o e opposition to the suggestion of recog - nltlon. r Senator Bacon, chairman of th< " committed on foreign relations, is o ? the opinion that to recognise th< 0 Huerta government would be puttim 0 a premium on revolutions in Mexicu a Ho believes it would be an incentive d to every revolutionary leader to as >? sassinate the head of the nation witl full expectation that his act wouh - recoivo the approval and olllcial rec <? ognition of other nations. Senator Hacon also is of the opln II ion that the recognition of Huerta ? far from bringing about peace, wouh y be the strongest encouragement t< ambitious chiefs. il A license to marry was lssue< Thursday to Mr. B. < >. Cantey am Miss Lola Brown of Sumter. cy currency, the cotton planters 0 the South would lose a hundred mil lion dollars through inability to ge money to move their crops. Senator Tillman declared cottoi planters would "be robbed of a bun ^ dr?-d million dollars more" on accoun . of the inability of Southern bank (j eis to get money from New Vorl "pirates." He urged that some kim Of a remedy be put through imtiic t diately to afford temporary relict l} and that the house banking and cur rency committee "stop sqabbllng" am tj allow permanent currency leglslatloi (l to be enacted. Senator Tillman expressed th< hopi ,. that the committee would work ou c a plan to inspire confidence in tin t business people of the country s< - they would lend money to the hank: . at 3 per cent on satisfactory col v lateral. e "Secretary McAdoo is well inform 0 ed us to the business conditions it u the United States, and I am wllllni y to leave it to his good judgment as t< r what collateral shall be required,' said the senator. "Right now there i> - ! tin emergency, and, unless congrest . acts promptly within the next ?i" days y Southern cotton planters will be rob bed of a hundred million dollars 01 - more by the fall In price of theli - principal crop, due to the Inability on the part of the Southern banker.* t , to get money from New York at an) V pri? e or on any collateral. "The New Yorkers have our peo? h pel by the throat as they have hat] I them all these years since the war, n and only congress can give relief. I, "The Aldrich-Vreeland act, which t authorised the printing of the $500, 1 000,000 now lying in the treasury, II grants no relief at ail to our people t because of the conditions imposed. * Itellel can be extended only through t UHHocluth is of banks in regional groups. "It something Is not done, I see no was of saving the people of the I South from great loss, unless the r banks lake the lau into their own 1 hands ntt tiny did in 1907 und form clearing house associations and Issue certificates as the) bad to do then I am tired of seeing our people held f up and robbed by the New York pi rate--, who appear Willing to SCUttlS 1 the ship ruthci than lose their grip OS -1 i he fat liters." . CALHOUN COUNTY FARMER! TAKE ADVANTAGE OF FED? ERAL AID OFFERED THEM. i Temporary Association Formed whlci Will lie iiiailc IN i oi;uiint to Co ?| operate with Govcewsnent Expert 11 in Growing stock. St. Matthews, July 31.?Taking ad t \ vantage of the offer of the federa i government to lend its aid to th 1 promotion of the live stock industr; - ! in South Carolina, Calhoun count; p tanners, meeting here today, forme? l a temporary organization for liv i stock growing. The organisation, un * der the style of the Calhoun Count s Live Stock association, will be mad 1 permanent In September. The forma i tlon of the temporary organisation - with J. A. Banks as president," fol lowed address by B. H. Rawl, dair - ? xpert of the United States depart v ment of agriculture, and W. W. Long f State demonstrator In agriculture, be t i fore a very enthusiastic audienct 1 The news of their presence was no - extensive hut a good representatio , of those interested in the propose) - national aid in the live stock Indus - try took part. i The meeting was presided over b e> Col. J. A. Hanks. Prof. Long wa the first speaker. He paid espeeiu s attention to the live stock proposi s tlon and told how Clemson was en - I deavoring to get the people inter B j SSted. The first essential to live stoci -Ms grass, he said. One hundred farm f er? had been Induced to experimen - with grass. Out of the hundred, 8 i per cent were successful, the aver b j age per cent being two tons and 40 1 pounds to the acre. He has selecte i 12 counties for live stock work. Twelv % j testers, which will tell the amoun i. of butter produced, will be used. Kif i, teen men will be empoyed as liv . stock demonstrators. Everything wil I be furnished and all the other ma 1 will have to do is to use the mean ? put in his bunds. The demonstrate I will visit twice a week, weigh the bul - ter and report on the progress c the work. Later bulls will be intrc 1 duced into the community, an cx > pert will go around looking to th style of houses and the general sui rounding! of cattle. They will teac the essentials of the care and housin 1' and feeding of cows. lie explained that demonstratio farms did not reach the nooole an for this reason the government foun< 1 that it was best to take the matte to the homes of the people. 1 Col. Hanks then Introduced J. E Wannamaker, a trustee of Clemson 1 who introduced Mr. Rawl, with Word of high commendation. Mr. Rawl prefaced his remarks I) admitting that he is an enthusisa i on the live stock Question. He dream ' ed of fat horses and round cows whe a boy on his father's farm In Lex ? Ington, he said, and he was prou< to be able to teach and practice a 1 a man what he had dreamed as 1 boy. He said that the department hat B a big purpose in view. It was no t ( looking simply to make things eas, 8 for a few individuals by sending mei ? i and helping them. Its purpose wa I to teach the broad principle of liv ? stock diversification, their train ing, their breeding and thel . <are, with a view of making thi i section a part of a great and Indc , i pendent government whose buslnes , should be to sell meat instead of DU! ? it. ami thereby relieve the nation o < Its dependence on others for food. A 4 a special reason why the people shouh begin now to learn and practice tin art and science of stock raising, In held up to the people the rapid ap ? proach of the boll weevil toward thli very territory. If it gets lure, am , it surely Will unless some new un ? discovered remedy is given, COttOl crops unmade will no longer be tin . means of securing credits from banks I The farmer t an Und no better or surei collateral than live stock. He ha. better begin the Work now. It wil , be too late to begin to learn aftet the boll weevil his come. The calth and stock business could be begun oi i a small scale, at d enlarged upon h\ slow and sure degrees, The land It here for both live clock and cotton and tiie cue will not interfere witll the other. < ?nc of the first tilings that should be done Is i<? w it;, ri relentless wm on the tick, a comparatively small hi* vestment in tick medicine will put tin tick out of the way, and it will Im an investment which brings hlghb appreciable rcl urns. tlrass for the live stock is abso lutely necessary. Summer and wintei feeds must be looked after with cuuu I interest For hogs, food for each sea [son is un essential. In the produc s SENATOR THORNTON OF LOU? ISIANA SAYS UNDERWOOD SIMMONS RILL IS UNFAIR TO HIS STATE. i Maintains Thut Removal <nT Duty on Sugar as Provided in New Hill b s Not Demanded by Democrat i< Tenete Gronm Also Assails Mens. ore. Washington, July SI.?Democrat: e of the senate, who stand pledged t< y v??te for the Underwood-Slmmoni y tariff bill, listened today to one o: l their memben who has repudiated th< e j administration measure because o - the free sugar plank. Senator Thorn y ton of Louisiana in a vehement speeel e pictured the ruin that free sugai - . would bring to his State, denounce it the policy of free sugar as un.b ? - cratlc, and characterized his p;' ^ y action as a "pity" and a "shao ^ "I am not false to the priiv ^. 0 f, the Democratic party," said ^ uis iana senator, "in refusing >ow i along the strange and deviv s path ?t way it is now pursuing with regart ii to the tariff on sugar. I am true t? '1 those principles, and it is the Demo - cratlc party itself that is seeking t< depart from them. I am no traito: V to the Democratic party but loyalt: ? to my State forbids me to vote for thi d j bill in its present form." - The attack from within the part: ranks, the drat that has been mad< sin< e general debate began, was fol ! lowed by another from the Kepubli can side, when Senator Gronna o t j North Dakota assailed the measur & ! from the standpoint of the farmers. - j Nearly the entire time for discussioi 0) of the bill was taken up with thes d 1 addresses, and little progress wa made* in consideration of the sched ules. The double attack did not serv to sway the Democrats from their de e I termination not to take up time ll 11 general debate. The Democratic lead n ers still assert that they will conten IS j themselves with brief opposition t< r amendments as they are offered fror >! day to duy. | ?f I^ater Senator Shively of Indian plans to answer the arguments am :- , crltislms of the minority, e j Appeals of the manufacturers for ai '-1 understanding between the senate ani h the house as to the date when rate on woolen manufactures are to b made effective have failed to bea n fruit d Senator Simmons, chairman of thi il finance committee, announced whei r Republican senators read petition asking that something be done, tha he would confer with Mr. Underwood i, majority leader of the house, with : I view to bringing about an agreement This he has done, the result being tha y the house intends to stand firmly be t hind the provision that free raw woo - and the rates on woolens shall becomt n operative immediately upon the pas - saga of the bill. il The senate bill proposes that rav s Wool shall be free on December 1 B 1913, and that the reduced rates Ol woolens shall become operative Janu il ary 1, 1914. Kills Hrothcr for Mistreating Mother Wadesboro, N. C, July SO.?Wal . ter Qaddy, an 18-year-old boy livini , In the northern part of Anson county cut his brother, Will Qaddy to deatl . yesterday afternoon, when the lattei M struck their mother. The dead mai v was drinking and attempted to forci [ his mother and family to go and visit ? at his home. s I =-1-' B tion of meat for profit( the one thing B to look after is to see that the cost - of production Is not greater than th< s sale price. This can be avoided bj I proper feeding nnd proper care ol the animal, and the sale at the right i time. Now, on account of the bu k of de? mand for pork at this season of th? r >?ar. In small communities, the man i With only a few to spate, can not Und 1 a market. The small farmer is the r man to supply the deficit in the fu ? lure meat market, by raising a few i hundred dollars worth extra Here is where organisation Ui the meat < world comes In, he said. There is no . reason why a single hog or a single i cow should not lind a ready mar? ket at any season t*t the year as a I bale of cotton. The national govern i ment is read) ami anxious to come ami give the lull benefit of all its > sears of study of organisation for marketing, it the stock raiser will do his part. Kveiy time the raiser makes a forward move, the govern? ment will aid him Kxperts will come In ej\e Instruction They Will fco I to the very barn door, ami to the held, and will do everything within ? I i eason to help. THIS IS LOHT, SAVs TILLMAN. IsT HANKS CAN'T GET MOXKY. j Senior Senator Hopei House Can Work out Some Scheme thut Will Inspire Confidence of Moneyed Men to Lend to Banks at 3 I'er Cent ? Says UuftBJM Congress Arts Prompt? ly Cotton Planters will Is- Bobbed of Millions ? Senator Smith Fa VON Henry's Curreney Plan. Washington. July 31.?Senator Tlllmsn said this evening that he sin? cerely Stuped that the banking and curiei mmlttac of the House ol Hep' dves can work out some pw de scheme that will inspire y v mdence of the business people J>country for lending money to ** km at 3 per cent on satisfactory \yVdlaterat 0 ".Mr, McAdoo," said Senator Till 1 man, "is well informed as to the busi f ness conditions in the United States, . and 1 am willing to leave it to hia t good judgment, as to what collateral . shall be required. Bight now there 1 is an emergency and, unless congress [j acts promptly within the next sixty . days the Southern cotton planters will D be robbed of a hundred million dol f lars or more by the fall in price of y their principal crop due to the inabil x ity on the part of Southern banks tc get money from New York at any ?; price or on any collateral. The New u Yorkers have our people by the throat . as they have had them all these yean . since the war, and only congress car f give relief. p "The Aldrich-Vreeland Act, whicli authorized the printing of the flv? n hundred million dollars now lying in o the treasury grants no relief at all tc 8 our people because of the condition! . imposed. The rate of interest begins e at 5 per cent and increases very rapid . ly each month. The relief can be ex? it tended only through associations ol . banks into regional groups. The m$ t curlty asked is of such a chsrgctfi 0 that few, if any of our hanks in tht a South can furnish it, and it only ap? plies to nntienal hanks?not State a banks at all. A joint resolution couid j be rushed through both houses ol congress, if the houses are willing tc n give the country relief. This resolu j tion would be only intended to give g temporary relief until the committee on banking and currency gets through r squabbling, If it can ever get through, and congress gives us a permanent (. system. ? "If something is not done, I see no s way of saving the people of the South t from gn at loss, unless the banks take the law into their own hands, as they x did In 1907. and form clearing house associations and issue certificates a? t they had to do then. I for one am . tired of seeing our people held up and 1 robbed by the New York pirates." g "I heartily favor Congressman . Elagsdale'a idea about trying to get Into the proposed currency bill an I amendment to have the government lend money direct to the farmers, or i to the banks with which they deal, or . warehouse certificates on corn, wheat and cotton stored in warehouses and fully insured, the banks to deposit their own notes along with these cer '. titicates as collateral. "I can see how a perfectly feasible - scheme to protect the government J from, loss and obtain money for the . farmers to move their crops can be i worked out. It would save the South untold loss by emancipating it from i slaverly to New York financiers. I feel ! certain, too, that if the Idea contained t In the law which passed the South Carolina legislature two years ago 1 providing for warehouses to store cot ; ton In, but which was declared uncon? i stitutional by the state Supreme Court, ? were enscted into law. it would under ? a rational and safe management, be r of untold benefit to people of South t Carol.na. I hope sincerely that the Plan will not be given Up entirely and that a hill properly safeguarded will ! be prepared and enacted into law at i the very next session of the tsglala I tu re." Senator F. D. Smith said: "of course, I am in favor of the currency plan now being advocated t?> Mr Henry, of Texas, or something like it This is no new thing. The larinei. have been advocating it for yesra I made speeches along this hue before I ? anie to the senate. Then' is no rea? son why a safe and practicable plan ?annot be Worked out. The assets of the farmers should be as good for banking purposes a^ any mercantile I?aper in use toda\ 1 will never be satisfied until the fanners ^et this and 1 rejoice that the way seems to be opening for them to get it." The rhanges going on In various parts on Mam street will accomplish much in the way of Improvements as soon as they are complete.