Historical Newspapers of South Carolina

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mm com bill. DKMtx It \ I S IX c \t crs SANCTION MKAHl HE BY VOTE OF 1? TO t. Majority Adopts Resolution Binding lit Mombfm to Support Measure Wittnau \men I moot Except such aa Cosnniltree May Present. Washington, Aug. 28.?The admin? istration currency bill, after nearly three weeks of discussion, was finally approved by the he use Democratic caucus tonight, by a vote of 163 to 9. The nine dissenters were Represents - tlvea Henry. Eagle and Callaway of Texas, Hard wick of Georgia, Liobeck of Nebraska, Buchanan and Fowler of Illinois, Neely of Kansas and Slsson of Mississippi. After agreeing tc the bill, the caucus adopted a resolution by an almost unanimous vote, declaring the bill to be a party measure and that ' members of this caucus are pledged for the bill to its flnal passage with? out amendment: Provided, however the banking and curiency committee may offer amendments in the house." The feature of today's session was the adoption, of a committee amend? ment as a subtsltute for the section on bank reserves, which in effect simply served to clarify the section as orig? inally drawn. The measure will be reintroduced In the house tomorrow by Chairman Glass and referred Immediately to the banking and currency committee, which will meet Tuesday. It Is expected tho bill at once mill bn reported back to the house, which Mr. Glass tonight predicted would pass It within ten days . The raeaoure as it stands, after adoption by the caucus, 1? thus summed up by Chairman Class, who piloted it through the caucus. "There has not been wrltb n into the bill from one end to the other a Single sentence except by the initia? tive of the banking and currency com? mittee Itself, which has not altered In the remotest degree the essentliil provisions of the bill as originslly re? ported by the committee to the cau? cus. "The bill established 12 regional reserve banks, with a capital of not less than 110,000,000 each, to which national binks are required to con? tribute an amount equal to 10 per cent, of trelr own capital stock and to become liable 'or an additional 10 per cent n case of call. This, it ll estimated, will give the regional re? serve banks a combined paid-up cap? ital of $105,000,000. The regional re? serve banks also are made custodian* of a large part of the reserve money of membe:* banks, estimated at about $410.000,000 in the aggregate. They also reeehe the government deposits, estimated at from $160,000,000 to $150,000.000. "Over the whole system of regional reserve bt.nks is to be a federal re? serve board consisting of seven mem? bers. Th'.s board is given extensive powers of supervision, examination and control. "The measure provides an advisory council of bankers without actual power composed of ono member from each of the 12 regional reserve dis? tricts. "One important provision is for the gradual refunding, for a period of 20 years, of the United Statea 2 per cent, bonds. Into 3 per cent, government bonds without the circulation privi? lege. This will mean the eventual retirement of national bank notes. The circulation privilege will thus re? vert to the government itself Issuing through the regional reserve banks on a gold reserve of 31 1-3 per cent, to be provided by the banks. "The notable reserve features of the bill contemplate a reduction >f the reserve requirements of reser/e and central reserve cities from -? to II per cent, and of all country banks from 15 to 13 per cent. The federal reeerve board hi required to establish a graduated tax on the amounts by which banks may be permitted to fall below renerve requirements, ?uch tax t ? be uniform In Its appllcatl >n to till banks. National banks are compelled to become members of the system under penalty of forfeiture of charters, while Htate hanks are permitted to become members undi - regulations of the federal reserve board. "Concerning the provisions relating to rediscounts, over which there was such a prolonged tight, and um a sub? stitute for which Representative Henry and others offered ?SAOItdmOflt comprising 1H printed puges, the only ' hango mud*' was kg add tw,? and one quarter typewritten line*, d? ? larinn that nothing I ?ntained In the bill should be construed to prohibit tin red|n< ounting of gOtOS and bills of es? hang-* scoured by agricultural product*. an?l other g ?ods, wan s and iner? bar disc." Mr. c Nf Hurst, city clerk and treasurer, Is taking his vacation at Murrell m Inlet, where he Is the gUCSt of l>r. J. A M.I I Hiring his ab? sence b m oflb | is in charge "f Mr. W. W Mcltageit. COTTON SPECULATION ACTIVE. MARKET WAS l'NSETTLED AS A RESULT. Last Prk*os for tlio Day Were From 15 to 18 Point* Lower. New York, Aug. 29.?The cotton market was unsettled by heavy realiz? ing during today's trading. With American futures markets closed from tonight until next Tuesday morning, and with the government's September condition figures due at noon on that day, the disposition to take profits on recent purchases was not considered unnatural, and bullishly disposed traders claimed that fresh buying for long account was restricted to some extent by the approaching holidays. Offerings were well enough taken by hull support and covering to give the market a steady undertone at a de? cline of 15 to 18 points from the clos? ing figures of last night, however, and the final tone was steady at a net loss of 11 to 16 points. There was little or no change in the general character of news. Weath? er advices indicated less immediate prospect for showers in the Southwest than yesterday, and while the fore? cast was for cooler weather, tempera? tures were high again today. Fur? ther scattering reports of deteriora? tion were received from the Southwest and from some points in the Eastern belt also, while private condition re? ports were about in line with recent figures. Private reports so far issued haw pointed to a crop deterioration of about 10 per cent or to a government condition of around 69 to 70 per cent next Tuesday. Liverpool reported a good epot demand but futures there were disappointing and the local mar? ket opened steadv at a decline of 13 points en August and of 4 to 6 points on new crop months. There was very little trading in August, which went out quietly at midday, while new cn?P positions sold off under realising by old longs and scattering selling for a reaction which may have been in? spired by the increasing lnto-slght movement and predictions that a low September bureau had been discount STATE IS DEAD BROKE. South Carolina Is Without Funds. Financial Board Is to Meet Today. Columbia, Aug. 29.?Financial board of the State of South Carolina has been called to meet in the State treasurer's office at the State house today at noon to enter into negotia? tions for a loan of $300,00C for the current expenses of the government. Members of the hoard are the gover? nor, the comptroller general and the State teasurer. When S. T. Carter, State treasurer and secretary of the board, called the meeting, the gov? ernor, in a letter, said that he would not attend. The board has called for bids for making the loan and these will be opened at the meeting All warrants presented at the comptrol? ler general's office are being turned down. There is not one dollar in the State treasury. Rocky Bluff News Notes. Rocky Bluff, Aug. 28.?We are needing rain very badly In this sec i tlon. Some of the cotton Is opening real fast. A lot of fodder has been gathered, while there Is still more to be gathered. Our farmers are about to see where It pays to grow more feed and less cotton. Miss Kate McLeod is at home again after a pleasant visit at Rem bert. Miss Sophia Wells came home Tuesday, after spending sometime with relatives at Privateer. Mrs. Mary J. Cato spent last week at Horden. Miss Eva Hatfleld spent last Thursday and Friday with Miss Ad? dle Cato. Mr. B. F. Hatfleld and family spent one day last week at Mr. J. J. Hatfleld's. Misses IIa Haker and Pearl Hat? fleld of Pisgah spent Friday, Satur? day and Sunday at Mr. W. F, Baker's Mr. and Mrs. W. It. Wells went to Orangeburg Monday to attend the funeral of Mrs. John Fogle. Mr. and Mrs. Q, P. Josey spent a few days of this week with relatives at st. Char lea Masters Clarence and Raymond Cato of Horden are spending this Weeg with relatives lu re. Tin suggestion <?f Mr. T>. W. Brown thai the merchants' and other bust? BOM men club together and raise sufficient money to employ an expert to assist and dirc< t the tamers in the growing of tOhaCCO, Instead of offering SO many < ash prizes, hits the nail on the head. A limited number of prizes to excite competition in the growing of line tobaCCO would be ad? visable, but to accomplish practical results the money would be better spenl in the employment of an expo* rlenced tobacco grower. ed. STATE LOAN AVAILABLE, i FIVE KOTES FOR $?00,000 SIGNED BY GOVERNOR, Fund* Secured From Palmetto Xa tlonla Bank of Columbiu ? Four Banks OfTer Bids.?Carter's State? ment as to Acceptance. Columbia, Sept., 1.?Financial board of South Carolina yesterday an? nounced that the bid of the Palmetto National Pank for a loan of $300, 000 for curent expenses of the govern? ment had been accepted. Five notes, one for $100,000 and four for $50, 000, have been signed Fy the gover? nor, the State treasurer and the comp? troller general, members of the financial board, and have been turn? ed over to the bank. The money, it was said yesterday, will be available this morning to meet the demands of the State government. For the past 15 days the State Treasury has been depleted and all bills for warrants, presented at the comptroller general's office, have been turned down. Four banks?National Union bank of Rock Hill, the Peoples' bank of Columbia, the People's National hank of Rock Hill and the Ptdmetto Na? tional bank of Columbia?submitted bids for the loan. "It would appear on the face of the bids that the People s bank of Columbia offered the lowest rate, which was 4.45 per cent, but as a matter of fact the Palmetto National bank's bid amounted to $503.88 less interest than the People's bank, and was $225.28 less than the People's National bank rate. The calculations were made by myself and Comptrol? ler General Jone* and two disinterest? ed expert bankers and they found that the interest charged by the vari? ous banks would be as follows: Na? tional Union bank of Rock Hill, be? tween $5,500 and $6,000 (the condi? tion stipulated by this bank was such that it had to be estimated); People's bank of Columbia, $4,96$.17; People's National bank of Rock Hill. $4,690.57, and the Palmetto National bank, $4,465.29." This statement was ? ade by S. T. Carter, State ? -r and Secretary of the financial board, when asked yesterday as to the loan. CHIEF OF POLICE KILLED. ! J. B. Harter Slain by Joe Walker at Lena on Sunday. Columbia, Sept. 1.?J. B. Harter, chief of police of Allendale, was shot and instantly killed yesterday after? noon by Joe Walker, a Southern rail Way section foreman. The killing oc? curred at Lena, a sta :ion on the Southern railway in Ha npton county, whither Chief Harter had gone to fetch a negro prisoner. The shooting, according to an eye witness, the Rev. William J. L?ngsten, followed a brief passage of words about a pistol which Harter had taken from Walker some months ago. Walker was arrested by Magistrate Zeigler at Lena. He was turned over to the custody of Sheriff L.jhtsey and ii now in custody then. He declines to talk, refusing to answer any ques? tions whatever. The inquest will be beld this morn? ing at 11 o'clock at Ler a. Chief H?r? teres body was taken to Estill by an undertaker who took charge of the remains. Mr. Langston, who jcems to have been the only eye witness of the whole tragedy, is a resident of Shan don Annex. He was ir, the station at Lena waiting for the train and was sitting on a bench or the platform with Harter when the latter was shot. Mr. Langston gave a very clear ac? count of the shooting. After the tragedy h* boarded the train for which he was waiting and came to Columbia. BRADSTREET*8 TRADE REVIEW. Western Advices Indicate Conserva? tive Buying. New York, Aug. 2).?Bradstreet's tomorrow will say: "In aontt respects trade reports ?Uggeet somewhat more iregularlty, Western advices indicate conservative buying, presumably a reflex of re? ports of reduced crop yields, but at the same time they proclaim that trade is equal to or In excess of that done at this time last year when op? erations certainly were growing, on the other hand the more important Eastern markets, particularly those having to do with textiles, display more vim, house tratle has enlarged and mills, instead of making conces? sions, are insisting upon higher prices. "Incidentally there are few dis? senting notes as to the outlook for fall trade and advices as to low Stocks are Wellnlgh unanimous; but as be fore stated, conservatism is likely to he practiced In secth ns when- crops fall short of earlier expectations, "Wheat, includlni Hour export.*; from the United BtS SS and Canada for the week, aggregate 7,042,180 bushels, against 8,641,134 last yem\" BLEASE WARNS PRISON BOARD HAS POWER TO REMOVE THEM IF THEY LEASE CONVICTS. Governor Opposes Lea sing Prisoners for "Any Purpose Whatsoever"? Wants Them to he Used by Coun? ties on Public Highways?Makos His Attitude Plain in Letter to Di? rectors off State Penitentiary, Giv? ing Them "A Word to the Wise." Columiba, Aug., 30.?A strong and significant warning to the Peniten? tiary board not to make any contract leasing the convicts now employed in the hosiery mill to any party or cor? poration agreeing to establish a leather or woodworking plant within the Penitentiary walls was given to the members of the hoard of directors of the State Penitentiary today in a letter from Governor Blease. He told them that he would not stand for con? victs to be leased to anybody for any kind of work, and emphasized the strength of his opposition by refer? ring them to that provision of the State Constitution giving the Governor the right to remove the board of di? rectors and superintendent of the Penitentiary from office until the next session of the General Assembly. "A word to the wise," the Governor significantly says, "should be suffi? cient." The Penitentiary board decided the othei day to call for bids for leasing the convicts at their next mec tlnig on September 10. The hosiery mill con? tract expires November 1 and some disposition must be made of the 200-odd con\h ts now employed there? in. BLOODY RIOT IN DUBLIN. Tramway Strike Causes Fierce Street Fighting. Dublin, Aug. 31.?Fierce rioting in connection with the tramway strike was renewed today. Hundreds of persons, including 30 constables, were Injured. On Saturday 60 or more persons were injured. All the hos? pitals are so crowded that many seri? ous cases had to be sent to their homes for treatment. The strike committee, in the in? terest of peace, had rescinded early in the morning the call for a mass meet? ing; in O'Cor.nell street and had sub j stituted a parade from Beresford place to Croydon park, at Falrvlew, I a suburb on the north side of the city. The authorities meanwihle had prohibited the mass meeting. Croydon park beloi gs to the Trans? port Workers' unlcu and a meeting was held there without oi*crder. But on the return march attempts of the police by baton charges to disperse the constantly growing crowds led to rioting. The mob was further in? censed by tho arrest of one of the strike leaders, James Larkin, against whom a warrant had been out for 24 hours. The rioting became general in va? rious parts of the city. The police charged repeatedly with their sticks and this led to pitched battles. Stones, brickbats and bottles were hurled by the infuriated rioters, and the streets were soon covered with prostrate forms. More than 50 arrests were made. The train service is completely suspended. Including Saturday's vic? tims it is believed the number of in? jured will reach nearly 400. The lord mayor announced his in tention of demanding a public in? quiry into the conduct of the police during the strike riot, and will send law officers of the corporation to at? tend the inquests over the two men who have died from their injuries. COOL WAVE COMING. Likely Tliut End of this Week Will Sec Change In Temperature. Washington, Aug. 31. ? Warm weather in the East and Southwest and a cool wave in the Northwest were predicted tonight by the weath? er bureau for tho first part of the coming week. "It Is likely," the weather bulletin states, "that this cool change will ad? vance eastward and overspread the Plains States and the upper Missis? sippi valley by Wednesday or Thurs? day and the Kastern and Southern States the latter part of the week. Local frosts will occur by the middle of the week in the far Northwest. "A disturbance that Is now over the northern Rocky mountain region Will move eastward, attended by lo? cal showers and thunderstorms, and cross the great central valleys Tues? day and the Atlantic States Wednes? day or Thursday. Otherwise the week will be one of generally fair weather. "There are no indications at the present time off a disturbance In tho Wesl Indies." Modern Drams. The plays we think we ought to see, they send up fast asleep; the plays that we would like to see- to them we daren't creep; tho playe that peoplo talk ubout strike us as rather small; and the plays that people take us to- oh, they're, the worst of all. ALL MEXICO EXCITED. ASSVRANCES OF ALLEGIANCE COME TO HUERTA. War Department Arranging for Great Show of Military Strength September 16. Mexico City, Aug. 31.?A wave of patriotism appears to be sweeping over Mexico, and from many states and from all classes, it is announced, assurances of allegiance and offers of service are being received daily by President Huerta and his minister of war. Plans are being made for a large display of military strength on Sep? tember 16. It is proposed to hold a big parade in the capital in which 20, 000 are expected to march. The war department has been called upon to furnish military instructors to a dozen cities, where the fear of be? ing impressed for service against the revolutionists has given away before a later patriotic ardor. Thousands of all ages are asking to be drilled in the use of arms. Nor is the aid afforded the govern? ment confined to offers to serve in the ranks. A delegation of planters from the state of Morelos has waited upon the president and tendered a subscription of 3,000,000 pesos. Ministers Gamboa and Urrutia of foreign affairs and the interior, res? pectively, today issued denials of the declaration from the war department concerning the shifting of army div? ision headquarters from interior points to the coasts and frontier. It is now expected that if these shifts are made it will be solely for the purpose of guarding against rebel operations. In addition to the students of th?? preparatory circles, where military In? structions had been enforced for some weeks, the manual of arms is being taught workmen who are attending night schools and the employes of the tax department. The newspapers continue to devote themselves editorially to the subject of the late diplomatic problems, dwell, ing upon the alleged encouragement Mexico is receiving from the press of France, Germany and Great Britain. Followers of Gen. Felix Diaa ex? pect him to return to Mexico City not later than October 4 to push his cam? paign for the presidency. Senor Gam ; boa said today that no further instruc? tions regarding the Japanese mission, to which Gen. Diaz was appointed, would be issued by his department until after November, the month in which the elections are to be held. The excitement among American residents over President Wilson's warning subsided to a larsre degree over Sunday. A limited number of persons left on trains to Vera Cruz to? day. Consul General Shanklln spent most of the day in his offices, but received fewer visits than previous. The opinion Is growing that the warn? ing, so far as regards the large centre, will not be generally obeyed, unless further information of a definite char? acter is forthcoming. TARIFF MAY PASS IX WEEK. First Senate Reading Completed ? End Seems In Sight. Washington, Aug. 30.?The senate heaved a sigh of relief tonight when just before adjournment, it complefcec the first reading of the new tariff bill Although many of the most importan new features of the measure remair. to be settled, senate leaders agreec that the disposal of the first reading of the bill had brought the passage of the measure within view and that anothei week may witness its comple? tion and passage. The rates of the new income tax, the proposed tax on cotton futures; many provisions of the administrative fea? tures of the law; the suggested tax re? bate of 5 per cent for imports brought in American ships, and many other sections of the measure that will oc? casion debate were put over without action and will be taken up again next week. Senator Norris announced that be? fore the bill was completed he would propose an amendment directed at the Braxillan coffee monopoly, giving the President authority to levy a 25 per cent duty on a product controlled through monopoly or conspiracy in another country. j Democratic members of the finance committee met again tonight and may continue their sessions tomorrow I to go over the sections laid aside by the senate In its several weeks of Work on the bill. It was expected tonight that the Democratic senators would be called Into a party conference Monday or Tuesday to readjust all differences over the bill, including the question of *ho income tax on large incomes. During last week :U'?2 bales of cot tori were sold on the local market, 290 of them bring from the new crop cotton. On Saturday 129 bales were received. The cotton Is opening rapid? ly now and is being sold as fast as It is picked out. MR. BRIAN IS NOT WORRIED. WASHINGTON OFFICIAL! RE? CEIVE NO BAD NEWS. Administration Satisfied to Bit T)nlnt and Let Mexican Problem Work itself Out. j Washington, Aug. 31.?Secretary , Bryan upon his return today from a j short lecture trip announced that nothing nad been received at the state department from Mexico City to cause any alarm or to change the diplomatic situation that exists between this gov? ernment and the provisional govern* mint In Mexico City. The secretary remained at his home all day, keeping in touch with the state department by telephone and was glad of the op? portunity to get a rest. A few mes? sages were received from the em? bassy at Mexico City relating to rou? tine developments, such as supplying Americans with means to leave Mex? ico, anc; a brief message came from the special American envoy, John Lind. 0.1 Vera Cruz. Mr. Lind, it was reasserted, would remain in Vera Cruz tomorrow, at least, so far as administration officials here had any knowledg of his plana That the administration still is con? tent to wait for expected hopeful de? velopments is apparent on every hand, President Wilson planning to remain in Cornish, N. H., over Labor Day, nothing having arisen to demand his immediate return to Washington. Reports of new orders for mobiliza? tion of troops in Mexico by the pro? visional authorities caused no excite? ment in official circles here. At the war and navy departments, officials were on duty all day, but no reports from the Mexican border were re? ceived regarding attempts to smuggle arms into Mexico in violation of the strict neutrality order from President Wilson. LIGHT IN THE DARK CORNER. New? of Bloom Hill Section?Mrs. W. J Ardls Better?Miss Eunice Osteen Aids in Illumination of Corner. 9 Dark Corner, Aug. 30.?Here I am at last. I have not claimed any space in the Watchman and Southron in a long time. Having a sick wife and so much to do has prevented me from writing. Fodder gathering is about over in this corner and cotton picking has commenced. There is no sickness to report. Mrs. W. J. Ardis has about recovered from a carbuncle, she had on her neck. Miss Tessie Barwick of Pinewood spent last week at the Sycamores with Miss Eunice Osteen, returning home last Monday. Mr. J. E. Johnston visited his sis? ter, Mrs, H. C. Scott, at Brogdon last Saturday. Mrs. Joe Johnston and children visited at Mr. Joe Geddings' near Pinewood last Saturday and Sunday. Mr Don E. Bartlette of Alcolu visited relatives here last Sunday Mr. J. E. Kolb of Wedgeflpld visit? ed relatives here last week, returning home last Sunday evening. I sure enjoyed "Wife Hpnter's" report of the picnic here on ttye 29th ultimo. I am proud to know he in? tends to illuminate this Dark Corner. But, believe me, brother, you have set yourself to a hard task. "Hard Times" has endeavored to do something along that line for lo, these many years. He has superintended their Sunday school, led their prayer meetings, buried their dead, sat is president of their debating society, and yet it is a "Dark Corner," and why Because it was blind trying to lead the blind. "Old EL T." is so much in the dark until he is not able to lead others to the light. But there has arisen a stp.r in our midst that is scattering more light than any other one has ever done. (I mean our present school teacher.) She has labored hard and faithful and her works are showing, so I must say "hurrah for Miss Eunice," who some day in the future may illuminate this corner. ?Bt allow me to say right here that her school house is too small and has but few accommodations for her pupils. There has been a lot said about the election or. the 19th. Well, I did not attend. Should I have done so, I sure would have voted "no," but 1 am neither shouting or pouting as I asked the great "I am" to give us whatever was best and he will do all things well, believes eld "Hard Times." If none of the so-called "big" farm? ers, who farm with overseers in charge, plant tobacco next year how can they expect the small farmers to take all the risk of the new crop. An overseer who is competent to man? age a big farm is just as capable of growing tobacco successfully as the average small farmer who run* his own two or three horse crop. The ?langer of failure is not In the big farmer planting tobacco, but in the Planting of a big acreage of tobacco. Every big farmer who has a compe? tent overseer should plant five, ten or as much as the labor In the place can handle as a supplementary erop .