Historical Newspapers of South Carolina

Below is the OCR text representation for this newspapers page. It is also available as plain text as well as XML.

DISTRiB? OF CROP FUND. MUTIIKIIN It WKI.Ih CALL FOH HALF OF SUM?TFA'TATIVE PLANS AGKUI) ON. Al Close of Meeting They l*a** Ites<? luit.mi Indorsing Idee. Allotments to Be Med? After Western Confer - rmf. Weehlngton, Aug. ?.?Tentative plans for the distribution of the government deposits to be placed with the banks In the agricultural States to assist In the fall movement of the crops were agreed upon at confer? ences here today between officials of the treasury department and about 100 bankers, representing .16 Southern citiea Final plans, Including the al? lotment of the Southern banks' shares, will not be announced until after conferences with Western hankers to morrow and with those from the Pa cine coast Thursday. The Southerners asked that they be given at least half of the total to be deposited. At the conclusion of the conference tonight resolutions were adopted ex? pressing appreciation of the adminis? tration's proposed relief and agreeing to the terms and conditions Imposed. The bankers also, by resolution, ex? pressed confidence in the administra? tion and the belief that Its cooperation In assisting the movements of the crops was an Indication of its desire faithfully to serve the needs of the whole country. ? Secretary McAdoo, Assistant Secre? tary Williams snd other treasury offl ctala participated In the conferences snd early la the day Senator Owen and Representative Glass, chairmen of ths congreeslonal currency commit? tees, explained to the bankers the re? sults expected to be accomplished by the administration's currency meas? ure. Later the bankers called at the White Houee, where they were re? ceived and addressed by President Wilson. The president told the delega? tion that the bsnke of the country would be treated on an equality. While the president's remarks were of a confidential character and the t barkers were loath to discuss them, it became known that the president made It plain that the purpose of the administration would be not to permit alliances between banks In any sec? tion of ths country and the govern ment The conference was opened today with an address by Secretary McAdoo In which he explained the purpose of the treasury department in making ?h? deposits, the general character of the security which he will require, the time proposed for making the deposits with the banks, and the time suggested for the withdrawal. He then invited the bankers to make comments and recommendations re? garding details for tarrying out the plan Kach delegation waa called upon and explained conditions in their re? spective sections, indicated the amount of money which they would Ilka to havs deposited in each city represented and discussed other de? tails gfj the arrangement. In a state? ment tonight Secretary McAdoo an? nounced that as a result of the con? ference the following plan had been tentatively agreed to: ' The secretary proposes to accept aa security for deposits government bonds and high class State, municipal m ' I other bonds of unquestioned -?ending and also prime commercial paper. All government bonds will be accepted at par; all other bonds must be passed upon by the .secretary and when approved will be accepted at 76 per cent of their market value All commercial paper offered must he passed upon by a clearing house committee of six in each city, com posed of five members of the clearing house association and one additional member not a member of the clearing house, who shall be the special repre? sentative of the department, in sub treasury cities the sixth geetaaaf of the committee will be the assistant treasurer of ths United States p-si dent in such city. In titles other than ths suMreasury cities, the repre? sentative will be some business rnan of high character familiar with the loesl hank* ami I ??.million* t0 be desig? nated by the secretary of the treas? ury It gj p .posed that the commercial paper offered gg securltv shall l*? tie posited with one of the leading banks in the < tearing hSSMMI CHIOS t" be se? iet ted by the secretary. The bank thus designated as t uslodlan of the < ommercisl paper will he required lo give a bond for it* saft keeping in some surety cmpan\ satisfactory to the depart me nt "It Is purposed that one half ol the amount allotted lo t a- h hank Will \>m deposited With that hank in the mouth ?f August, the other .*.<) pal tent I September. < ?f the funds dt sited th per cent snail be returned by Dgggfgefegf 1&; -,r' ,,er ', nt *J n; uary 16; 2f> per cent by Kehrum;, ||, and the remaining II per ran! by March I Some of the bankers pre* rnt expressed i desire to return the entire deposits on or before January PANAMA CANAL SOON10 OPEN " * WORK WILL GO FASTER WITH PROPOSED CHANGE. Shipping Can Possibly Pass by Next UwvihIht, with Light I>rafl Ves? sels Earlier. Washington, Aug. 10.? Latest re ports from the cunal zone announce that as the result of prospective sub? stitution of dredges for steam shovel** in the excavation of the famous Cule bra cut, the canal may be ready for shipping by next December. Even earlier than that, light draft vessels are likely to be passing through the waterway, for as the greater part of the canal prism already has been cut to its final depth, small vessels prob? ably can navigate it safely within a few days after October 10, next, when the Oamboa dyke is to be blown up, thus admitting to the Culebra level the great store of water in Gatun lake. Tho 14 steam shovels now in the cut handle only 800,000 cubic yards of earth and rock per month, which out? put will be greatly reduced as the depth of the cut ? Increases and the available room for shoveling is re? duced. Col. Goethals, however, has assembled 15 dredges with a monthly capacity of 1,600,000 cubic yards and these will be floated in the cut as soon as the dyke is destroyed. Meanwhile not content with digging away at the base of the cliffs, the engineers In their baste to open up the waterway have begun to tear away the top of the hills with great Jets of water under high pressure? sluic 'ng the earth to the bed of the canal * hence it is being swept up by px.eu inatie dredges and pumps and dis? charged into ravines and valleys so far away that it can never be washed back. How the Trouble Starts. Constipation is the cause of many ailments and disorders that make life miserable. Take Chamberlain's Tab? lets, keep your bowels regular and you will avoid these diseases. For sale by all dealers.?Advt. WKATHEN FOR WEEK. Temi?erstures Below Normal Only In Northwest and Pacific Slo|>e. Washington. Aug. 10.?Tempera? tures below normal are promised for this week only to the Northeastern States and the Pacific slope. "The distribution of atmospheric pressure over the American '"ontlncnt and the adjacent oceans," said the weather bureau's weekly bulletin to? night, "is such as to indicate tem? peratures below the normal during the week in the Northwestern States and on the Pacific slope; high tem? peratures the first half of the week in the southern plains States and the lower Mississippi valley, followed by lower temperatures In these regions Thursday or Friday; warm weather during the week in the Gulf and South Atlantic States; moderate temperatuie the half of the week In the region of the Great Lakes, tho upper Ohio valley and the middle Atlantic and New England States will be followed by warmer weather in these regions after Wednesday. "The precipitation during the week will be fairly well distributed. "There are no Indications at the present time of disturbance in the West Indies. Costly Treatment. "I was troubled with constipation and indigestion and spent hundreds of dollars for medicine and treatment," writes C. H. Hlnes, of Whitlow. Ark. "I went to a St. Louis hospital, also to a hospital In New Orleans, but no cure was effected. On returning home I began taking Chamberlain's Tab? lets, and worked right along. I used them for some time and am now all right." For sale by all dealers.? Advt. 1, and all agreed that the whale a.nuunt should be returned not later than March 1." A second conference was held this aftsntOOa and tonight at the Pan American union building. Just before its close Secretary McAdoo made an address, In which he emphasised the determination of the government to protect and maintain its credit, and declared that all of its obligations, illrc t und implied, would be fully and faithfully curried out. Just before adjournment the fol? lowing resolution, offered by President Walter Hill, manager of the St. Louis Clearing Hons*' association, and sec? onded by Robert v. Maddos of the At laut i ('learing House association, ars uanlinously adopted "Resolved, That the Southern bank erg today aasembled do express to the president arid the treasury depart? ment our Sincere appreciation of the relief proposed md that we agree to ihe terms and conditions outlined. "Resolved further. That we hereby express our sincere confidence In the present administration and believe thai nii' h Interest ami .Deration as proposed with Ihe great agricultural sections of the country Is but an in illcatlon of im desire to faithfully serve Ihe need* ol Ihe whole repub? lic." COTTON MARKET SITUATION. PRICE DEPENDS UPON TEXAS AND OKLAHOMA. If Drought Continues Alarm Is Fell for Cotton in WeM, Where u Large Prop Has Been Counted on. New Orleans, La., Aug. 10.?-This week the cotton market will be chiefly concerned with the weather in Texas and Oklahoma. If droughty condi? tions continue to prevail alarm is bound to be felt over the outcome of the crop in the. western section of the belt, which this season, is more Important than ever because of the large acreage planted. From the first of the year the bearish element in the future markets of the world has ligured on a large crop in the West. It is doubtful if the western belt can go without good rains much longer without experiencing sever crop dam? age. Probably not much attention will be paid to the eastern belt, as nearly all .States in it have had sufficient rain for the time being and are sending In encouraging crop accounts. If these reports continue to improve they may, to some extent, balance unfavorable from the West. It is a certainty, how? ever, that continued fair weather west of tho Mississippi river will cause buying. Anything like general soak? ing rains would probably result in a sensational break. The movement of new cotton will be watched closely this week as there are signs that the August movement will not be up to expectations. Bears contend that there is no strong spot demand which is one reason for the small receipts and that the trade If holding off from lllling its require? ments during the coming season in an unusual way. This, by some, is said to be caused by the fear of buy? ing or selling hedges in the future market because of the attempts now being made to induce congress to pass laws that would kill the contract market. Many brokers say that hedge buying, particularly, will be very small in the near future, which if so, would have more or less effect on prices in the absence of sustaining influences. Minister Praise* this Laxative Itcv. II. Stubenvoll of Allison, la,, In praising Dr. King's New Life Pills for constipation, writes?"Dr. King's New Life Pills are buch perfect pills no home should be without them." No better regulator for the liver and bowels. Every Pill guaranteed. Try them. Price 25c at your druggist.? Advt. ANTI-JAP LAW IN FORCE. California's Alien l.ami Measure (iocs on lbe Statute Books. Sacramento, Cal. Aug. 10.?At mid? night tonight California's alien land act, the subject of diplomatic inter change between the United States and Japan, and 680 other bills passed by the last legislature became effective. The alien land act specifies briefly that aliens not eligible to citizenship may acquire. possess, transfer real property In California in such manner and to such extent us provided by any treaty existing between the United Stutes and the alien's country and in no other way and may lease lands for agricultural purposes for a term not exceeding three years. The same pro? vision is made as to companies In which a majority of the stockholders j are SUCh aliens. The act further provides that when, because, of this law, heirs to estates can not take title to property, the property shall be sold and the pro? ceeds administered and that any real property hereafter acquired In viola? tion of this act shall escheat to the State. Present holdings are. not af? fected. The effect of the law upon Japan? ese will be determined in suits which soon will be brought. Mothers! Have Your Children Worms: .Are they feverish, restless, nervous,; Irritable, dizzy or constipated? Do they continually pick their noso or grind their teeth? Have they cramp? ing pains, irregular and ravenous ap? petite? These are all signs of worms. Worms not only cause your child suf? fering, but stunts Us mind and growth. Give "Klckapoo Worm Killer" at once, it kills and removes the worms, im? proves your child's appetite, regu? lates stomach, liver and bowels. The symptoms disappear and your child is( made happy and healthy, as nature Intended. All druggists or by mall, 15c. Klckapoo Indian Medicine Com? pany, Philadelphia, Pa., St. Louis. Mo ?Ad\ t. There will be a civil service exam? ination held at the postofllce by the i local civil service board on August Ivth to till the position; of typewriter at Atlanta and Nasb\ i 1 if. Good Reason for hi Enthusiasm. When a man has suffered for sev? eral days with colic, diarrhoea ?>r other form of bowel complaint and is then lined sound and well by one or two doses of Chamberlain's Colic, cholera and Diarrhoea Itemedy, as |fl often the vase. It Is but natural that he should be enthusiastic in his praise of the remedy, and especially is this the cape of n severe attack when Ifc is threatened. Try it when >>? need of such a remedy, it never fails. Sold ' by all dealers.?Advt. RURAL BANKING SYSTEM. SENATOR FLETCHER'S HILL IS TO MEET NEEDS OF FARMER. Measure Proposes System of Banks Owned ami Operated by Farmers, Would Furnkib Funds for Long Term Notes Secured by Liens on Farms not Exceeding sixty Per Cent of Assessed Value?Fletcher Urges Immediate Consideration by Banking Committee ami 1'assage at Special Sctssiou. Washington, Aug. y.?A national rural banking system was proposed in a bill today by Senator Fletcher, chairman of the American commis? sion on rural credits, and also, of the Federal commission on rural cred? its, appointed by the president. The bill proposes a system of local national rural banks owned and oper? ated by farmers; a State national ru? ral bank in each Stato to be owned and controlled by the local banks as stockholders, and the national rural bank of the United States, to be locat? ed in Washington to be owned en? tirely by the State rural banks. To supervise the proposed chain of banks there would be created in the treasury department a division of rural banking under the direction of a "rural banking board'* to consist of the Secretaries of the Treasury, Agri? culture and Labor. The division would be under the immediate direction of "a director of rural banking" chosen by the president. The main purpose of the banks would bo to furnish funds to farmers on long term farm bonds or notes se? cured by liens on farms at not ex? ceeding 60 per cent of their assessed value. Loans would be secured first by a local bank, then by a State bank and last by the national rural bank of the United States, and they would run from 20 to 50 years. The national rural bank Is designed to have a capital and surplus exceeding $100,000,000, while the stock of each local bank would be limited to 000,000. Senator Fletcher speaking in the senate today to urge immediate con sideration of the measure by the banking committee, and its passage at tho special session of Congress, ex? pressed approval of the administra? tion currency bill as a commecial banking bill, but said it would not meet the needs of the agricultural communities because of the necessity for long term loans. The proposed Federal reserve sys? tem, the Senator Sv'ld, did not offer such relief and the provisions of his measure, he maintained, though not perfect, would meet the requirements. Sufferetl Fcxeraa Fifty Ycurs?Now Well. Seems a long time to endure the awful burning, itching, smarting, skin-dlscase known as "tetter"?an? other name for eczema. Seems good to realize, also, that Dr. Hobson's Eczema Ointment has proven a per? fect cure. Mrs. D. L. Kenney writes?"I can? not sufficiently express my thanks to you for your Dr. Hobson' s Eczema Ointment. It has cured my tetter, which has troubled me for over fifty years." All druggists, or by mail, 50 cents. PfeilU- Chemical Co., St. Louis, Mo.. Philadelphia, Pa. O'NEAL MAY NAME SENATOR. Alabama Executive Com Mules 11c has Authority. Birmingham, Ala., Aug. 10.?Gov. Emmet O'Neal tonight, an a result of constant conferences with political advisers, has about reached the con? clusion that he has authority to ap? point a successor to the late Senator Joseph F. Johnston at once. The pre? ponderance of sentiment among vis? iting members of the United States senate and house was to tho effect that Gov. O'Neal had authority to j make the appointment under the | third paragraph of the 17th amend? ment to the constitution which reads: "This amendment shall not be so construed as to affect the election or term of any senator chosen before it becomes valid as part of the consti? tution." The Best Pain Killer. Bucklen's Arnica Salve when ap? plied to a cut. bruise, sprain, burn or scald, or other Injury of the skin will immediately remove all pain. B. B, Chamberlain of Clinton. Me. says: ? "It robs cuts and other Injuries of their terrors. As a healing remedy its equal don't exist." Will do good for you. only 25c at your druggist.? Advt - Bulgaria was like a fellow who, starts something without first feeling the muscles ef the other snapper.? Wilmington Star. Remarkable Cure of Dysentery, "I was attacked with dysentery about July 15th, and used the doctor's medicine and other remedies with no relief, only getting worse all the time. 1 was unable to do anything and my weight dropped from 14C to 126 pounds. I suffered for about two months when l was advised to use chamberlain's Colic, Cholera and Diarrhoea Remedy. 1 used two bot? tles of it ami it gave me permanent relief. writes B. W. EII11 of Snow Hill. N. C for sale by all dealers.? I Advt. stau; hii li; TEAM. Fifteen Men f<?r camp Perry Clingen in Trjrout at Hang?* Near Styx. Columbia, Aug. 10.?Personnel of South Carolina's rifle team to partici? pate in the national rifle competition at Camp Perry, Ohio, was announc? ed yesterday by W. W. Moore, adju? tant and inspector general. The team of 15 men was selected from 37, rep? resenting the three regiments of the National Guard of South Carolina, who have been practicing for the past several days at "Camp Wille Jones." The team will return to the range for 10 days' practice before leaving for Camp Perry, August 20. Under the rules of the practice held this week the highest possible score was .'150. The members of the team made the following scores: W. I>. Boykln, first lieutenant, ordain e department, First infantry, 267; G. W. Potts, lieutenant, ordnance depart? ment, 260; C. L. Hair, lieutenant, Third infantry, 259; D. Miller, liueten ant, ordinance department, 250; E. B. Cantey, captain, Second infantry, 214; M. L. Jolly, lieutenant, 238; J. D. E. Meyer, corporal, Third infantry, 238; O. B. Chamberlain, corporal. Third infantry, 216; G. C. Greene, lieuten? ant, First infantry, 214; G. Hoagland, private, First infantry, 212; J. li. Walker, corporal, First infantry, 198; M. C. McSwain, corporal, First in? fantry, 106; E. A. Robertson, cap? tain, Third infantry, 189; P. E. Tart, corporal. Second infantry, 185; B. Garrison, sergeant, First infantry, 183. Maj. Boykin yesterday, discussing the selection of the team, said that the men were provided with new guns and given two days to practice without keeping a record of the scores. After this there was one round of shots at "surprise fire," which means the tiring of one shot in three seconds. There was one round at 600 yards, slow fire; followed by two skirmish runs of SO shots ea< h and one round at 1,094 yards. Tho records ??f ?ach competition were kept ICE FAMINE ENDS. Camden Suffers for Several Dais Owing to Controversy. Camden, Aug. ?The citizens of Camden suffered an Ice famine for a few days this week due to a con? troversy between the board of health and the Carolina Public Service cor? poration. All differences have* now been adjusted to the satisfaction of all the parties concerned, and ice is again being delivered. The board recommended several Improvement! .about the plant and the ice company was slow in making them. La'er representatives of the ice compar? and the board got together, and tho matter was adjusted and the ice com? pany again started operating its plant. It is rumored in Washington that Governor Blouse, of South Carolina, is thinking of running tor a third term. What excuse can he give for another trial so he can vindicate his two terms as Governor??Wilming? ton Star. Marrl.age License Record. Licenses to marry have been is? sued to the following colored, couples: John Dargan and Amelia Sargeant. Dal/ell; Charlie McLeod and Belle Johnson, Surpter; Henry Richardson and Charlotte "White, Stateburg; Daw son Brailsford and Charlotte Woods. Sumter. It will soon be time to begin pre? parations for planting vetch and al? falfa , and County Demonstration Agent J. Frank Williams will ad? vise and instruct those who need in? formation as to the approved methods to be followed to insure success. EXACT-? When you do business the banking way you do it the exact way, because you have a check that is continuous in protecting you financially. The Peoples' Bank Don't Care and Indifference Accumulation, building for the future, getting ahead in the world. A little effort on your part?sustained, systematic effort, and you can soon accumulate a sufficient sum for a small investment and make your start on the road to sue success. Open an .'ccount with us ; no matter how small your start, add to it as you can?keep it growing and let us show you in how many ways we can help you. Are the Most Bitter Enemies of National Bank Annual Mountain and Seashore Excursion The Allantie Coast Ijino offers Exceedingly Attractive Round Trip Rates to Washington, Norfolk, Richmond and the Mountain and Seashore Resorts. Wednesday, August 1?. Is tlM date lived by the Atlantic Coast Line for it? Annual Mountain ami Seashore Excursion which is looked forward to by thousands of Its patrons as the moat ap? propriate time for a summer vacation, especially on uccoiint of the season of the year, the low rates, and tile splendid service giv? en OH these excursions, which llSVC proven so popular in the past: On the date named, the Atlantic Coast Line will sell round trip tickets from Sumter as the following rates: TO WASHINGTON B.00; to RICHMOND, 8.00; to NORFOLK, $8.00; to WILMINt. l?>\ for Wrlghtsvllle ami Carolin? Reaches, $5.50; to MYRTLE RE AC it $5.50, and at very low excursion rates to about twenty-five moun? tain and seashore resorts In North Carolina and South Cs oil SMI The tickets will be limited returning to roach original start? ing point on any train up to hut not later than midnight of Miu day. August SI, ItlS. Schedules, reservations, tickets and any further Information may be obtained b) calling on O, V. Player, Ticket Agent, Atlantic Const Line, Sumter, S. C. W. J. CRAIG, Pass. Traffic Manager. T. C. WHITE, Gen. Pass. Agent. Wilmington, N. C.