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y?a mm km mm TWKLVEMONTU WHICH II AS JUST CI<OilEl> HAS BKKN MOMLN TOUS PKJUOD TO VN1T KD STATKa Development* Have Affected This Country In All It* Relation*, Both foreign ami I>omeaUo?-Ha* Wit? nessed Passing of Old Impeilallalic Idea at Republican Party and Rise oi* Hcttool of Altruism In interna tlou al Politic*, Waahlngton, Dec. 31.?Twelve month* of 1918 wrought changes In ? the American government?politlca'., economic and financial?probably snore far-reaching than any other year of the lagt quarter century This wa* apparent today in a back? ward glance over memorable events of the paat year in all branches of governmental activity. A Democratic administration in national affair* came to power In thia II months with a Democratic presi? dent and a Democratic congress at his back for the first time since Orover Cleveland occupied the White House. The first constttulonal amendment since 1170 were perfected, providing two radical changes in tae funda? mental basis of government?er in? come tax and the direct election of United State* senators. Ths national bank and currency eystsm, devised to flost the debt of the War Between the Sectiona and which haa operated ever since, ws* reorgan? ised into a federal reserve system in which the central dan. the dominant Idea of Kur op*, was rejec.ed and a vatit system of. financial reorganise tkfl perfected A Democratic tariff law became ef? fect lea the Orot since the Wilson bill of 1118 and uns of ths most compre? hensive tariff measures svsr snactsd. A parcel poat system wss brought into successful operation anl aoms of Ita rate* later were reduced while certain limitations were extended. The Interstate commerce commis? sion began a physlcsl valuation of railways?a project which will coal million* and take years to complete but which Is expected ultimately to provide a basis of rate making. Mean? while (8 great Eastern railway sys? tems renewed application for a 6 per cent general Increase in freight rates and the commission directed reduc? tions In express rates. Last steps in building the Panama canal were taken with the probability that the greatest engineering feat of the ags will be in operation In tbo new year. Practical control of the Philippine government was delivered to the na? tives of the islands by President Wil? son's appointment of a native major? ity on the Philippine commission. What promised a new era In rela? tions of ths govsrnment with great corporations in the enforcement of the Sherman anti-trust law, was brought about by the 'bloodless" dl&jc!utlor. of tli* American Telephone and Tele grapa company's relations with the* Western Union. President Wilson's open declaration that the administra? tion desired to cooperate with "big business" In a peaceful administra? tion of the law was received In busi? ness and financial circle* with evi? dence* of optimism. Ths supreme court laid down sov srai deelelona of deep rooted Import? ance. It decided that ownors of copy? rights and patente may not control the price at which retail dealers resell their products to ths consumer. It sustained the validity of the Sher? man law a? a criminal measure for the first time In the "turpentine trust," ease. In the "cotton corner" case It laid duwn the principal that a, "corner" In any commodity is a vio? lation of the anti-trust laws. In the State rate cases it decided that 8tatea through their railroad commissions have control over the rates of linos within their borders, irrespective of ihr interstate commerce commission. In foreign relations affairs of the year were hardly less eventful. Sec? retary Bryan's plans for international peace were accepted in principle by more than 30 nations and treaties with the United States actually wero signed by the Netherlands and Nicara? gua. Three important announcements of I the administration's foreign policy were made by Prealdent Wilson when he withdrew the support of the United States from the bankers in the so ailed six-power loan, In his Latin American statement in which he pro? claimed ths intention of the United 8tates to recognise in the Western hemisphere only those governments founded on law and order, and In his now noted Mobile spoech in which j he pointed out the menace of foreign concessions to the peace and aecurit ' of Central and South America Relations with Mexico, the Ameri? can government's refusal to recog? nise Huerta and a spirited exchf.nge of notes on the subject were the dip? lomatic eventa of the year. Oreat Brit? ain's protest against the exemption ot \ u.eilean, shipping from tolls in the Panama canal and Japan's protest against the anti-alien land legislation In California were the two other prin? cipal features. Both are still In the courae of diplomatic discussion. Plana for an extenalon of American trade abroad by the creation of com? mercial agenta of the department, of commerce were launched. Important atepa in the government's participation in relations between cap? ital and labor wore the creation of a new portfolio in the cabinet for a sec? retary of labor, to which Willlara B. Wilson, a prominent labor leader, was appointed; and the creation by con? gress* of a federal commission on in? dustrial relations which has begun a study of the er tire subject. Commanding features in the inter? nal affairs of the nation were an? nouncement of a liberal policy for the development of Alaska with the pro? posed building of a government rail? road; a policy of conservation for the properties of tho Indian tribes, and ( ropes- d federal control of all de? posits of radium, lately become so val? uable In medicine In agriculture the year was one of unprecedented prosperity. While the volume of crops was below the aver? age, their value totalled nearly $10, 000,000.000. FAILURE ANNOUNCED. Gordon, McCabe Co., Declared Bank? rupts on Floor of Cotton Exchange. New York. Dec 31.?The failure of Gordon McCabe Co.. of Charleston, S. C, one of the largest spot cotton houses in the South, was announced today on the floor of tho New York Cotton Exchange. Rockefeller Keeps His Promise). Cleveland, Jan. 1.?John Rocke? feller kept his pledge to give the Euclid Avenue Bsptlst church a dol? lar for every forty c?inte contributed by the congregation during November and December It cost him aeven ?hi i;'(ind dollars. Ulli BN WALL STREET. TROUBLE IN STORE FOR SPECU? LATORS WHICH COMMITTEE STARTS WORK, Agricultural Body Will Launch Rear- j lnga on Anti-option Bill? of Great] Strictness?Will Go Slow ut First. Washington, Dec. 31.?According to! plans of the house committee on ag? riculture, more trouble is in store for Wall street. A series of hearings is to be commenced immediately upon resumption of the session after the holiday recess, and the committee on agriculture proposes to go after the j speculators in stocks, cotton and j grain win a sharp stick. J That an anti-option and anti-fu? tures bill, covering gambling in fu? tures on both cotton and grain, will be pushed to enactment seems very likely. A number of such bills are pending in he house and the men back of them A re very much in earnest. Tho sen ute is waiting Impatiently for a chance co Indorse them, having been foiled in in attempt in that direction last ses? sion by a promise of future action on separate bill. Tho practical reason for the post , onement was recognition of the fact j that hasty action might militate {against legitimate dealings in cotton and tend to depress the price of that staple. The Southern representatives, having won their fight for six-month : atlonal bank loans on agricultural products and five-year loans on farm lands under authority of the new cur? rency system, are inclined to scruti? nize legislation which might affect the narket pries of cotton. There are Southern men, however, Vom the big cotton-growing States who are most earnest in advocacy of anti-futures bills. Senator Clarke of Arkansas, Representative Hefiin of Alabama, Representative Harrison of i Mississippi, Representative Byrnes of j South Carolina and Representatives ; Coodwln, Wingo and Oldfleld of Ar kansas are urging action to regulate dealings in futures in cotton, while Representative Ferris of Oklahoma would prohibit options in grain. Chairman Lever of the house com? mittee on agriculture has a bill which deals broadly with the whole subject, and other billa are pending to regu? late gambling in stocks. The committee will begin hearings on these bills early in the new year. CALL FOR MORE DATA. Republicans Not Willing to Accept Findel! Now. Washington, Dec. IL?Republicans of the senate foreign relations com? mittee have made it known that they will not agree to final action on the appointment of Henry M. Pindell, as ambassador to Russia, until they have examined certain correspondence be? tween Mr. Pendell and Representative Stone said to bear on activities of postmasters in Illinois. Offered Aid?Stole Money. Chicago, Jan. 1.?-Two automobiles carrying parties of New Year's cele? brants collided on State street early tn<s morning. Several men ran to aid! the victims, one of whom first helped hlmsolf to a hundred and twenty-five dollars from the purse of Miss Alice Vincent. Laredo, Jan. 1.?The Constitutional-! lets are attacking Neuvo Laredo to-> day, driving the Federal outposts into! the city. Hundreds are fleeing ucrossj the hordor. We Don't Blot Out 1913 with regrets, but congratulate our? selves on a very good business, and welcome I914*?THE *KING* OF 365 DAYS Wishing all a very Prosperous and Happy New Year. R1VERS-BULTMAN OUTFITTING CO. P. S. We have decided to extend our Cost Sale a few days longer to give our patrons the benefit of a few REAL BARGAINS. BANKS ANXIOUS IQ JOIN. NEARLY EIGHT HUNDRED TO' ENTER NEW CURRENCY OR? GANIZATION. Already Institutions of Nearly All' Qc*l WLsh to Accept Scheme for, lied With to Aoce pUhSeme for Reformation of tho Currency. Washington, Dec. 31.?Six hundred und ninety-five national banks; 49 Stete banks and 23 trust companies covering over 46 States and having an aggregate capital exclusive of nur Plus of approximately 1300,000,0001 have informed the federal authori Use of their intention to enter the . new currency system. This was an- [ ? Bounced by the treasury department tonight, a week after the currency reform law was enucted. The department's statement said: "tux hundred and ninety-five appli ; cations have been received from na? tional banks with an aggregate* capi? tal of about $260,000,000, so that up { to this time national banks re pre - : seating approximately one-fourth of ihe total national banking capital of the country already have signified their Intention to enter the system. "Forty-nine State banks and 28 trust companies also have notified tho department of their Intention to be? come members. Of the 695 national banks applying, (3 are in the New England States, 112 in the Eastern States, 191 in the Southern States, 227 in the Middle States, 69 in the West em States and 48 in ths Pacific States. "Of the national banks 69 have a capital of $1,000,000 or more, 142 have a capital of from $250,000 to $1,000, 000; 270 hav? a capital of from $100, 000 to $2*0,000 and 214 have a capi? tal of less than $100,000. "Two trust companies applying have a capital of $5,000,000 or more and four trust companies have a capi? tal of from $1,000,000 to $5,000.000. P. W. Hill, secretary of the Iowa State Bankers' association, telegraph? ed the department tonight that the or? ganisation committee could rely on the hearty cooperation of the banks of Iowa. THE NEWS FROM WISACKY. Cliri^tiua.s Quiet but Pleasant?Rev. J. 8. Bethen 111?Farmers Ready for tho New Year. Wisacky, Dec. 30.?Christmas la over without any casualties. Every? one seemsj to have had a ploasant time. Ad of our young folks, teach? ers and scholars and those engaged in I uslm Mi came to their homes to spend the holidays. They had several meets, at different places, and Quite a festive time. Unfortunately the weather was very unfavorable for sport, outdoor, but they all had a good time. Miss Ethel McLeod has the mis? fortune to be thrown from a buggy a few days before Xmas, and was so badly hurt, she could not enjoy the social entertainments. But she is in good hands and with kind friends and no doubt had a pleasant time. We are all In sympathy with her and hope rihe will soon be up again. Those who were at home for the holidays were the Misses Blanche, Li die and Lou DesChamps, Mattie and Virginia Hill, Pearl Du Bose, Maude and Marion Williams, Margarita Scott, Miss Hailie, Wilson Scott and fife, Lawrence Scott and Carol Dee Champs. All of these Will soon re? turn to their different schools or places of business and will all the aiety subside and the same rotine of farm work be resumed. The outlook for another year Is hopeful. Our formers aro in good shape and ready to eet in for another year's work. Capt. H. W. Lucius has moved his amiiy back to their beautiful winter home. Mr. Edgar Scott has rented out hut farm and will more his family t< Bishopvill* . Mr. Willie McCutchen has added further Improvements to his already beautiful home, treated himself to a \ handsomo car and Is in good shape to 'enjoy life. \ Rev. J. S. Bethea has been returned to us for another year, much to our delight He was taken seriously ill at Rock Hill about the close of the con? ference and, though much better, has not been able to fill any of his ap? pointments since. Though we hated to give up our beloved Presiding Elder, Rev. W. I. Herbert, we will all welcome Dr. Bays in hla place, for we all know and love; Mfi After a month of beautiful weath-l er, we are having a continuous sea? son of rain, hut we can't complain as It has waited for a eonvenient time for the farmers, except thoso who have to move, find I think those who do move will find It very unpleasant and very unprofHshle. Happy New Year to you. Mr. Editor, und grout success to Tho Item and all it a readers Paris, L>ec. 31,?The Worst winter! blissard In ton yean is sweeptnaj cou^ t1e*j*?*l Hun*** i CHAMBER OF COMMERBE NOTES. . '-.*_ ? ? i Brase Foundry to Be Established Here In Fiiture--Mcotiiig of Tobaci<o Warehouse Bii-octore. .... The Chamber of Commerce has re reived a letter from Mr. A. L. Longtln of Springfield. Maee., asking informa? tion concerning the renting of a house in this city, as he expects to move here in the near future to establish a brass foundry in the city. Mr. Longtln and Mr. S. D. Coate of Springfield, visited Sumter some time ago and asked the Chamber of Com? merce, if it would furnish them a site in case they locaied a brass werke here. The Chamber of Commerce agreed to furnish the site and the foundry will probaoly come to Sumter at some time in tbe near future. They j will first occupy part of the Telephone I Manufacturing Company plant but later will erect ther own plant, It Is' Stated. The brass works will employ I a rmall force at first and the output; will be increased gradually to meet) demands made on them. They will have half a dozen experts brought j here with the foundry and will em* i ploy some local labor, having at first an estmated payroll of $10,000 an ! nually. j The Sumter Magneto Factory is one of tbe chief consumers of the foun J dry's products, but they will put a I man on (he road as soon as they are well situe.ted and commence work to get outside orders . The Chamber of Commerce has re? ceived a letter from a promoter of electric railways asking for informa? tion concerning the establishment of one here. The enquirer says that he has had someone to look the situation over and he is well pleased with It from the report he has received. He claims to have parties backing him, who will furnish the funds, if matters can be adjusted satisfactorily. H. D. Scbumptrt, a prominent farm? er of Pelion, in Lexington county, has ! written to Commissioner Watson ask- i ing him to urge the general assembly j to pass a more stringent law against I stock, running at large in the winter ! season. Mr. Schumpert points out! that stock running at large destroys j tho winter cover crops and do other damage and ho advocates making the 1 fine $100 or thirty days and allowing] a collection of $3 per head for each ; head of atock taken up. The forest service collected 40,000 pounds of tree seed last year for use in reforestation work. The total area reforested was about 30,009 acres POSTPONES DA Mi. HEARINGS. fefeete of MoAdoo's Health Cause of Change?Sessions Begio In New York January ft. Washington, Dec. 29.?The reserve bank reorganisation committee to? night announced a change In plana for holding public hearings in New York and Boston. Because of the ill? ness of Secretary McAdoo, the com? mittee now plans to sit in New York from January 6 until the night of the 8th. It will sit in Boston January 9 and 10, and return from Boston to Washington. Tbe trip West will not be changed. Although Secretary McAdoo shows a steady improvement. Surgeon Gen? eral Rupert Blue, of the public health service, advised a complete rest of five days before the secretary takes up public hearings. Mr. McAdoo will spend the rest of this week in the country. During the absence Secretary Houston, the oth? er member of the committee, will take no action. This change of plans will cut three days off the two months ths com? mittee had planned to use in work? ing out boundary lines of Federal re? serve districts and locating reserve cities. There were reporis at the treasury department today indicating that the path of the two cabinet officers will j not be rosy. Word reached official I ears that some cities, which have been I considered for banks, are not anx j ious to be so honored. Officials were : wondering tonight just what would [ happen when the committee eneount | ers bankers and business men in cities big enough to have reserve banks who do not wish one. According to the word that reached Washington there are several cities, which would prefer to have reserve banks located in centres like Ne*tr York and Chicago, than in their own* I ?maller communities. Since the capitalisation of the re ' aerve hanks represents a percentage of tho capital and surplus of its mem i ber banks it was pointed out that a reserve bank in New York of Chi I cago would have vastly larger re? sources and loaning ability than one j located in a smaller c! ty. Informal applications continued to : reach the treasury today, piling up ? ery hour. I Columbia, Jan. L?Sumter county I rtvested $4 4 0.600 in the 24 new en erprises organized In that county in .i)13, according to the annual report f Secretary of state McCowa today. At This The End of The == Year == It is Natural to "IE SMI" Ii nr MESS and our financial achievement during the last twelve months; get a clearer idea of what we have accomplished and cry stalize our ideas and plans for betterment the coming year. Would it not have been possible for YOU to have saved a little more during the past year, to have increased your accumulations if you had used our bank account plan for conserving and protecting your income? Why not make the start now and give our plan a practical test this coming year? Your account will be cordially welcomed and we are ready to do our part, to assist you in any way we can consistent with safer, sound banking._ Statement o! Condition o! The First National Bank of Sumter, S. C, at close of business, December 30,1913. RESOURCES Loans and Discounts .... $ 522,728.92 Overdrafts. 8,271.77 U. S. Bonds.? $7,000.00 Other Bonds and Premium ... 18,800.00 Furniture and Fixtures .... 2,000.00 New Building and Lot - 23.000.CX) Other Reai Estate - 1,162.60 Due from Banks - 33.999-07 Cash and Cash Items - ? 49,025,96 Five Per Cent Redemption Fund - ? 2,500.00 *718,488 32 LIABILITIES Capital Stock.$ 100.00000 Surplus and Profits.122,451.54 Circulation. 50,000.00 Due to Banks ...... 4 02'? 4 - Deposits.441,416.38 I7118,488.32 NBILL O'DONNELL, R. D. LEE, J. L. McCALLUM, President. V. P. Cashier. The First National Bank SUMTER. SOUTH CAROLINA