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PUNS FOR COTTON LOAN. WADK'S ASSOCIATES EXPLAIN sr. locis s< iikmj:. New York Expcetcd to Contribute $.10,000,000 or More to (?reut I'ool? Fund to Be Formed by Subscription fron Natiouul Hunks. I ? St. Louis, Oct. S.?Details of the proposed $160.000.000 cotton pool, planned by Festus J. Wade, a local hanker, anl now being considered by the secretary of the treasury and the federal board as a means of relieving the cotton crisis, were made public here tonight by business associates of Mr. Wade. The latter, with a dele? gation of st Louis business men. Is on his way to Washington. A statement prepared by Mr. Wade before his departure today says It Is expected that New York city will sub? scribe $60.000,000 to the pool, and perhaps more. St. Louis Is expected to contribute $7.600.000. The loan fund Is to be formed by subscriptions from national and State banks and trust companies, mer? chants and manufacturers through? out the country. The pool Is to be menaced by some large firm experi? enced In such business, assisted by an advisory committee of prominent banks and cotton handlers. At least 100 financial center* will be asked to contribute to the fund to provide storage facilities for the surplus cotton and to Issue uniform negotiable warehouse receipts for the cotton, which would be used as col? lateral The syndicate will name barks In various points in the South to handle loans and perhaps hold them in trust for the syndicate. Each Institution making a loan will receive the notes of the borrowers, with the ware? house receipts and insurance on tho cotton in favor of the loaning bank. The reliability of the warehouse Is to be guaranteed by the banks through the clearing house associa? tion. All loans, according to the state? ment, shall be made payable on one year after date or earlier at the bor romer's option, with the right on the part of the agency bank to extend the loan six months and for a second term of six months with the approval of the syndicate managers. Explaining that it is not Intended that the fund should bo put in com? petition against financial institutions which usually loan upon cotton, the statement proposes an Interest rate of 7 per cent, per annum Instead of the customary 6 per cent. In addition there will be a charge of 1-10 of 1 per cent, per month to meet such expenses as compensation for the syndicate managers, advertis? ing and other es?"ntlals to the organ? isation. It further Is explained that this ex? tra charge Is proposed so as lo dis? courage the holding of cotton beyond a period when It could be sold at a reasonable price. W Hit. I IT CASE CLOSED. Resignation of Justice Brings It to End. Washington, Oct. 9 ?The Wright Impeachment inquiry came to its for? mal end today when the Investigation subcommittee met for the last time and nooil- report to the full Judiciary committee of the house that the res? ignation o.' Justice Wright had put u stop to the Investigation. The judic? ial committee will make a report to Ifie house recommending that no fur? ther action t?c taken, in view of Justice Wright s reslgt allon. In Its report, the subcommittee states that It look testimony for and HK'HMHt Justice Wright for 4 da vs. hut that the resignation of the Jurist makes fu* .ner Hearings unnecessary a>id calls for the dropping of the en? tire proceedings. He was charged with misconduct while holding the position of Judge. These proceedings w* re begun by W. H. Cooper, a bunker of this city, for m< rly of South Carolina, und It Is the general understanding here that Jus? tice Wright's resignation was the re? sult of Mr. Cooper s charges. ^ WOCLI> AVOID DELAYS. Newspaper Men I r?e Cluingc in Tax Hill. Washington. Oct. 9.?Newspaper publishers generally are preparing |o ask the senute to change that portion or the house war revenue bill provid? ing for a stamp on the hills of lading on nil packages. Newspaper owners do not object to paying the lag hut contend that neither thr railroads nor other transfer t.item companies will hold their ? urs until newspaper pack? ages are checked, stamped ami re? ceipted for. Pittsburgh newspaper publishets who hi < Inquired Into that section of the bill. BSgaSJSat th.it a ls\ could be Imposed o-i the stall of sworn cir? culation. Messrs. s. M. Mitchell and John D, Kpprrson will send fowls from here to Augusta to the poultry show. TOTAL ELIMINATION URGED. ADY<H \Ti:s nilM UHTOX HILL commm to adopt this sit i FMK. Arguments Favoring Idea Made by Representative ?tl/cus, While Op? ponent.-. Kay Proposition 1s l'neon stltutlonaJ. Co1unil)la, Oct. 9.?Pressure is be? ing brought to bear upon the speei.il committee from the house appointed to consider hills relating to the cur? tailment of cotton production to re? port a measure providing1 for the elimination of the staple entirely in 1915. It Is impossible, to Judge with any degree of accuracy at this sta?,'e of the session what headway the to? tal elimination idea is making among the members of the house at large, but there are indications that converts are being rapidly made to the plan of pro? ducing no cotton next year. The select committee from the house held two meetings yesterday one In the afternoon and the other last night. The committee will hold Its third session at 9 o'clock this morning in the room of the supreme court. At the afternoon session of the se? lect committee, four advocates of the entire elimination of cotton as a crop in 1915 made arguments before the committee. They were: J. Q. Ander? son of Hock Hill, Wade Stuckhousc of Dillon. J. J. M. Graham of Wil llamsburg and J. A. Ithamc of Lee. Last night W. F. Stevenson of Che-1 raw and other members of the house who have introduced bills Intended to reduce the production of cotton in 1915 were heard by the committee. The revolutionary idea of elimi? nating cotton as a crop in 1915 is being opposed on the ground that the I general assembly has a right to regu? late the amount of the crop produced, ! bu* that the police power of the State does not give scope for the de? struction of the crop in its entirety. The question of the unconstitutional Ity of a law prohibiting the growing of cotton would have to be threshed out In the courts. The problem which the select com? mittee from the house is trying to solve is recognized on all sides as of tremendous importance to the State and the South at large, involving as it does between $30,000.000 and $50, j 000.000 to South Carolina cotton growers alone. The committee has avowed its Intention of making its re? port to the house as early as it can consistently do so, In view of Its de? sire to have the fullest and freest dis? cussion of the whole question of the curtailment of cotton production. The members of the select com? mittee from the hcn*e now engaged In holding a series of hearings on the question of curtailment are: Mr. Lee, Darlington, chairman; Mr. Dclser, Sumtcr; Mr. Pegues, Marl? boro; Mr. Atkinson, Chester; Mr. Hluckwell. Laurens; Mr. Itcthea, Dil? lon; Mr. Mower, Newberry; Mr. Wyche. Spartanburg; Mr. Welch, Klchlaml. Mr. Epps, Sunder, und Mr. Kiley, Saluda. ?OUTHKRX T<> issi'K dividend. Iteduees Disbursement to 2 Per Cent, und SuhstIt utes Five Year Puirt for Cash. New York. Oct. 9.?The Southern Railway company today declared a semi-annual divided of 2 per cent, payable in scrip on its preferred stock. Action on this dividend was deferred several weeka ago because of the un? settled llnanit al condition. The scrip is payable in live years Bad bears interest at Uli rate of 1 per cent, a year The rate of the last semi-unnual dlvhi-nd was 2 1*1 per cent, and it was payable in cash. Explaining the reason for paying the dividend in scrip instead of cash, the directors issued this Statement: "Although the full dividend of L' 1-2 per cent, for ihe period had been earned, the board deems that in view of failing off of revenue and the con? sequent necessity for retrenchment <?i expenses, it was fair that Stock hold? era should share with employes am! o beers of the company a aaciiflce of ii sir current income." ( alls roit ECONOMY. w 11-on Urges Cabinet Offerers to lie (a reful. Washington, Oct, 9. strict Injunc? tions t<? practice economy during the coming year were given by President W ilson today to cabinet members who called to dlSCUSS with him their esti? mates. whi< h are to be sent to tie treasury next Wednesday, Hltlllsil simp AMIIOIIK St. Oiiciitiu Hau Aground Near Tyhcc Island, Sa\ anhahi i ?? t i The i irltlsh ileamehlp s . Quenlln tan ashore i mllcej ??ff Tybee last night. The ship Is at the mercy of the waves. Titus h.i\ e been sent to her relief. MW IM Kl l HITK'lsr.S HENRY PLAN ion DIRECT FEDERAL aid. gays Scheine Is Not Practical aiul Ob? jects to Features of it?Such Action Would tu* t'iidcinojcrutlc?Take up St. Lotik.s IMan. Washington, <>ct. !>.?The plan for direct federal aid to cotton growers to the extent of $400,000,000 was the subject Of sharp criticism in a letter to Representative Henry of Texas, made public tonight by Secretary Me- j Adoo. The letter is in reply to recent j statements to the house by Mr. Henry. Mr. McAdoo announces that the propeeal to sell $160,000,000 of Pan? ama Canal bonds to bolster the cot? ton crop is not practicable, and gen? erally objects to all the features of the Henry plan. He calls attention to the fact that those who dealt in to? bacco, naval stores, copper, silver and other commodities have not sought government aid, "If we disregard every suffering in? terest except cotton," he said, "and make It the sole beneficiary of gov? ernmental favor, what becomes of the Democratic principle of 'equal rights for all, special privileges to none?' "If wc enter upon the course you suggest we must help every distressed industry impartially. To do that would necessitate the issue of many more than $400,000,000 in bonds and greenbacks end dangerously involve the credit of the government. It would be a hopeless undertaking, in dellance of every sound principle of finance and economics with certain disaster at the end." Representative Henry introduced in the house today a compromise loan proposal presented In a bill framed last night by a conference of South? ern members of congress. It would reduce the proposed loan to $250.000, 000. Mr. Henry also sent a letter to the house banking committee asking a prompt hearing on the bill. While Mr. McAdoo was writing his letter the committee of St. Louis job? bers and bankers, headed by PestUI J. Wade, was in conference with a committee of the federal reserve board over the proposed $150,000,000 I cotton loan fund to take care of the I surplus cotton crop. No decision was reached and the i conference w ill be resumed tumor I row. Oov. Hamlln and Messrs. Warburg and Harding, the board committee, will discuss the proposal tomorrow before they meet the bankers and later the full reserve board may take it up. The discussion today dealt with de? tails of the proposed loan fund. Hoard members were interested to know what profit the hackers of the pool expect to make and what its I bencllts w ill be to the cotton pro I duccr. I Mr. McAdoo's letter to Mr. Henry went exhaustively into the aid to be extended by the treasury to the na? tional banks In cotton States, show? ing that It had Issued to them since the wur began $?1,000,000 in cur? rency; that its crop funds amount to $11,337.000; that its regular do I posits in the South total $10,065,000 and that there is available for South? ern banks in compliance with law $151,000,000 more in additional nat? ional bank currency. "What Is really wanted," said the letter, "is a restored market for cot? ton." The value of cotton has been I injured this year by the European war. This Injury can not be relieved nor the market restored by legisla? tion, any more than the Injury to corn which was caused by the drought last year In the great corn States of the West could have been repaired by legislation. In bis letter Mr. McAdoo denied that he had the right to deposit treas? ury funds, of which Mr. Henry had said there were "several hundred mil? lions," exclusively in the South. The statutes require, he said, that such funds be distributed as far as practi abie "equitably between the different States and sections." "if the government had several hundred million dollars In the treas? ury," Mr. McAdoo said, "congress would not be engaged now In passing :i new tax bill to repair the loss In revenue occasioned by the European war." in conclusion the letter says: "The powers and resources of the Southern States should be employed for the benefit of their people and the national government should nol be expected to do things Which lire beyond Its power. I am glad to state lhat the federal reserve banks throughout the country are now prac? tically organised. The resources <>r these banks will be uvallalde in the Very near future and should aid tin linumial situation and ail kinds of business." Tornado In KailMIs, Knllnn, Kan.. < >ct. |o.- A tornado last night killed John heerfelt, his family of four and Injured three oih NTg. BILL PERMITS PLANTING si A ACRES IN COTTON TO WORK ANIMAL. Measure Making Staple Taboo in 1U15 Will bo Introduced Besides Committee's Measure ? Hearing I nded Yesterday. I Columbia, < >et. 10.?A bill propos? ing the curtailment of cotton produc? tion In 1115 at least l-.'i per cent, j will be reported to the house next [Monday night by the select commitee (of 11 members appointed to consider |all bills relating to this subject. The j curtailment bill from the committee j will provide that not more than six lucres of cotton to the work animal be cultivated in 11*15. In some sections, such a law will doubtless redu<*e the production of cotton much more than one-third in comparison with the crop of last year. The select committee will not offer total elimination of cotton In, 1915, a plan to which many converts have [been made since its proposal at the cotton congress in New Orleans. It is understood, however, that a "no j cotton" bill will be introduced in the I house by one member of the commit j tee appointed to consider the best [plan for limitation of production of I the staple next year. The select committee, which is confronted with the largest economic proposition that any body of men has had to face in South Carolina for the last half century, concluded its hcar ! ings yesterday afternoon at 5 o'clock land went into executive session, j A consensus of the opinions of the j members of the committee on the : question of curtailment of cotton pro? duction was obtained at the executive 'session. A bill embodying the ideas I of the majority of the committee was I ordered drafted for presentation at a meeting of the body at noon on Mon? day. On the subcommittee appoint? ed to draw up the bill are Mr. Mow? er of Xewberry, Mr. Heiser of Sumter and Mr. Wyche of Spartanburg. The committee confidently expects to re i port the subcommittee s bill or some modiiieation of it to the house at 8 o'clock on Monday night. At its session yesterday afternoon I the cotton curtailment committee heard speeches from B. J. Watson, commissioner of agriculture; Lehman Johnson, a specialist on cotton seed, and Mr. Addy and Mr. Kirby, the lat? ter two memb?rs of the house who have introduced bills to decrease the production of cotton in 1915. The committee allowed extended hearings. Great pressure was brought to bear upon it to recommend the total elim? ination of the planting of cotton in 1915, but it decided not to do this. Oproaltion to the "no cotton" plan is marked in the Piedmont section of the State where it has been ar? gued that money crops to take the place of cotton could not be readily producedt and independent farmers of small means would be compelled to go into the mills from the farms if cotton was made taboo by law in '1915. ._._ - KOCK HILL YOUTH KILLED. Charles Long Meets Death When Peter <?. Karree Doses control of His Motor. Hock Hill, Oct. 9.?Charles Long, 15 years old son of Daniel Long, was , struck tonight and instantly killed at 1 Wilson and White streets by an au? tomobile driven by Peter G. Karres. 0 restaurant keeper. Karres is held [to await the finding of a jury of In? quest which will Inquire Into the In 1 cldent tomorrow. j Karres apparently lost control of I his touring car as he turned the col ? lier. Charles Long was standing be? side a post. The post was knocked down and the boy fell across the side? walk. It is not known whether his death was caused by the direct impact of the car or by his head striking the cement pavement, j Karres has lived in Kock Hill for I several years. He is In his late 208. He is one (>f the proprietors of the Uoyal cafe and has a good reputa? tion. -, HI LL I'CLL ON KINO Kit. l ire Alarm lulls at Cheraw and In? stantly Kills Heese Hough. Cheraw. (?et. 1 !>?At 1- o'clock last night as Heese Hough was rillging the large lir?- alarm hell he met instant death. Prom the Italian! hotel lie saw tire in Davis & Hros' store across tin- street, und went to give the a.arm. While doing this the bell, tvhieh was hanging at the top of the wutei lank l"'" feet high, ami weighed 7011 pounds, fell on him and mangled him terribly. He was a man of tin" qualities, highly respected nnd leaves' ii widow ami several small children. Mis funeral was held at the itaptlst ? hurt h t his afternoon. The nie did considerable dunlttge! I,, the building which was owned by .1, I'. Hunter, and tlie Block was dam-: aeed at least 50 per rent, by fire, smoke and heat. I WILL MOT REPORT DILL TO HOUSE OP REPRESENTATIVES EMBODY IN ii DR ASTIC LEGISLATION. Measure Probably Will be Dratted Providing for Some Degree of Cot? ton Acreage Redaction for 1915 ? Only Two Member* for Radical Plan ?Mr. Holser Civos Statement Telling Why lie is Opposed to Total Eradi? cation of Staple. Columbia Kecord, Oct. 10. That the special house committee appointed to consider the matter of reduction of acreage planted to cotton will not draft a bill for total elimina? tion is practically assured. Although there is a decided sentiment among a portion of the members of the general assembly for total culmination, ma? jority of both houses are against such radical legislation. Opposition from the Piedmont is particularly pro? nounced; for, it is argued, the farm? ers of that section can not produce any other money-making crops, and total elimination would drive the ten? ant farmers into the cotton mills. The mill operatives are lighting the idea. A hill curtailing the production of cotton for 1915 probably will be draft? ed by the committee Friday afternoon. At the meeting of the special com? mittee held Thursday afternoon, four contenders for total elimination ad? dressed the body. They were: J. O. Anderson, of Kock Hill; J. J. A. Gra? ham, of Williamsburg; Wade Stack house, of Dillon, and J. A. Khame, of Lee. At the meeting held Friday ! morning, Dr. Staekhouse spoke again before the body, and W. F. Stevenson, of Cheraw, made an argument, stat? ing the acreage curtailment would be constitutional, while the entire elim? ination of the staple would probably be constitutional. Only two members of the commit? tee are in favor of total elimination, land there is no chance of a majority hill providing for such legislation be? ing introduced in the house. There i're eight measures now before the committee providing for the curtail? ment of the cotton crop, and each is being given consideration. The members of the special commit? tee are: Mr. Lee, Darlington, chairman; Mr. Holser, Sumter: Mr. Pegues, Marl? boro; Mr. Atkinson, Chester; Mr. Blackwell, Laurcns; Mr. Dethea, Dil? lon; Mr. Mower, Newberry; Mr. j Wychc, Bpartanburg; Mr. Welch, ' Kichland; Mr. Epps, Sumter, and Mr. Rlley, Saluda. In opposing the total elimlnatio.i plan, Mr. Belser, of the committee, gave the following statement to a re I porter of The Kecord Friday after I noon: "There is considerable agitation for planting no cotton in 1915. Before we are swept from our feet by this no cotton propaganda, let us examine the data and deductions which are put forth by its advocates. "They estimate the supply for a two year period as follows: on hand September 1, 1914, (visible and Invisi? ble), 6,200,000 bales; production in the United States, 15,300,000 hales; 191 I production in other cotton-grow? ing countries, 7.000.000 bales: produc? tion 1915 in same countries, 4.500,000 (bales; a total of 33,000.000 bales, if these figures were correct there would be considerable ground for their posi? tion. The estimate for 5,200,000 on hand, however, is at least 4,000,000 in excess of any reliable estimates. The world ordinarily carries over a sur? plus of something like 2,000,000 bales as a stock or source of supply from which the mills draw their cotton as needed, so this can be practically ell minuted from the available supply as i the same amount will be needed at the end of the two-year period. "It seems more reasonable to esti? mate the supply and consumption for the two-year period as follows: Cotton on hand September 1. 1914, (approxi? mate), 2,000,000 bales; American crop 11114, 15,300,000 bales; all other coun? tries. 191 1. 7.<ni0,o0<i hales; non-Amcr leun production 1915, under war condi? tions, 4,600,000; a total of 28,800,000 bales. The normal consumption is approximately 21,000,000 bales. The highest estimate I have seen of the reduction owing to the war from any reliable source is 5.10111.1110? bales, and the estimates of reduction run down as b?\v as 3.000,000 bales. Taking the highest reduction figures give us a consumption of 16,000.000 bales a year, or 33,000,000 for the two-year period. Add to this the necessary 2, 000,000 working surplus and we have a probable demand for the two-year period, commencing September 1. 1914, and ending September 1. 1916, 34.000,000 bales. Against this we have a world production of the two-year pe? riod of 28,800,000 bales. If the no American cotton idea were adopted, such ;i condition would undoubtedly mean high prices for cotton l?efore the end of the two-year period, but the ffUenthtn is. would these high prices come in time to relieve the producer who is now hard pressed to pay his debts? ?The world would doubt that the A FALLACY EXPOSED. HOLL wkkvil remain though cotton crop is cut out. I ['initiating Every Salk of Cotton in 1015 Would Not Kill the South of the Weevil. Clemson College, Oct. 10.?Elimi? nation of the entire cotton crop of. 1916, including all volunteer stalks, if such a thing were possible, would not exterminate the hoii weevil. This statement is made by the divis? ion of entomology of Clemson Col leeg and is based on knowledge of experiments conducted over a period of years by the United States Bureau of Entomology and upon a detinite opinion on the subject received from W. I). Hunter, chief of the division of Southern Field Crop Insects, U. S. Bureau of Entomology. In some manner the impression has been received by some of those who are offering plans lor altering; I he South s present cotton policy, that if all cotton was cut out next year the boll weevil would be elimi? nated. The entomological division of Clemson College conferred by tele? graph with Dr. Hunter, a world-wide authority on the boll weevil, and Dr? 11unter replied: ' The destruction of boll weevil by elimination of lt>15 crop is entirely impracticable.*' Two plants thurberiae and hibis? cus, are chief among the reasons why cutting out all cotton would not wipe out the boll weevil. That the weevil will breed in either of these plants has been demonstrated delinitely. A. F. Conradi, State Entomologist, says that cutting out the entire crop for a year would wipe out vast num j hers of the weevil and would elimi j Itate the pest entirely from scattered j localities. Hut, he says, the weevil would return in as large numbers as before as soon as otton was again ! planted. The inse< prefers cotton to any other plant, a 'ar as is known, I but it has great adaptability and w ould lind other ways to live and to I ; propagate if cut off from cotton. The purpose of this statement is to correct the false impression about the relation of cotton elimination to boll weevil elimination and is in? tended, it is stated to touch on the entomological phase of the question Mrs. c. H. DoLurnic is visiting her daughter, Mrs. c S. Kingsmore. other States would follow South Caro ' ilia's radical example and there would be no material relief until the legislatures of other cotton-growing States convened at times varying from January until June of next year. In the mean time, if this year's crop * followed the course of other crops it ? would be out of the hands of the pro? ducers, and the relief would not be ? given where it is needed. "Let us assume that uniform cotton elimination acts were passed by all the cotton-growing States and seo what would be the effect upon our people and industries of this State. Our farm lands would be put into grain and other crops with the mar? keting of which our people are unfa? miliar and for which our market Ci Il? ten are not equipped. There would be no local market for grain and other crops planted because everybody ! would have made his own supply. Be? fore the end of the period our oil mills would have run out of seed and lie idle. Likewise with the shortage of live or six million bales, which in the ordinary course of commerce?, would be distributed among the mills of the world, our mills would have to shut down, their machinery lie idle, and their operatives be thrown out of 1 employment. This is a condition which no one is willing knowingly to bring about. "Would it not be sounder policy to allow the Southern cotton-growing i States to grow the live or six million bales, which the world Would need to keep its mills ri lining, to afford our farmers some ready money with j which to meet the expenses of oper? ating their farms and paying their ?debts? During the past six years with the supply approximately adjusted to the demand, the South has received an average price of 1 - cents per pound for its cotton crop, is it not reust nab!i to suppose that by raising just enough cotton in 1916 to meet the probable demand, with the sur? plus curried over from the 1914 crop, I that we should still obtain a fair prt< e for t hat supply ? ? "It must not he overlooked that even if we should produce a slight surplus of cotton, the cotton can be stored and kept, and that it will keep lor years, if we get an overproduc? tion of grain, hay and other farm pro? duce we are unprepared to properly care for same, and that such crops would raphllv deterioute and become unsalable, "Let us. therefore, before we adopt any such radical measure as total elimination of the cotton crop, fully count the c*?st and l?e prepared to meet the conditions that such eli? mination w ill bring about." _ j