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MIES FD? BAHKIHG SYSTEM. IHM HD MARKS \NNOVX( F.MKXT OF HM.t l ATlON IMH H WHICH RKMKRYK INSTI Ti noNs WILL WORK. Inauguration Next Monday Inder K?los Which Will Hold for Next Few Months?Direction^ for* Handl? ing l'upi r Offered for !>*>-ount? No Note? for Speculation Allowed. Washington. Nov. 11.?The scope of operations of 12 federal reserve hanks to be opened for business next Mon? day was defined for the first few months of their existence In a circu? lar issued today by the federal reserve bonrd. For the present the banks will -ioi e.\.'2lse nil the functions giv en thein by congress. The board Concurring with hank directors and governors, Indorsed this plan: Acceptance of deposits of reserve from member banks. Discount of hills of exchungo and commercial papers. Acceptance of deposits of checks drawn by member hanks on any re? serve bank or memoer bank in a re? serve or central reserve city within their federal reserve district. Other powers may be called Into play as the establishment of safe and efficient organization permits. In its circular the board gave the Ions expected definition of commer? cial pab'T. which is to be the basis for the new federal reserve currency, and the means through which the nation's circulating me,? um Is expected to meet the expansion and contractions of trade and industry. The rate of discount was not an? nounced and probably will not be un? til Monday. It will be uniform In all banks. The definition of commercial paper Is brosd and relies to a large degree > upon th inguage of the currency act. I The boaid declined at the present time to discuss the question of double and single name commercial paper. It did make it clear, however, that It had a preference for the two name sort, and left no room for hanks to doubt that it expected careful inquiry Into one name paper presented for rediscount. The circular discussed the conditions that have arisen here through war and gave some insight into the eco? nomic changes which might he ex? pected to result. ' It should be borne in mind.' 'it said, "tfcat although our exports are showing a'gratifying lrtcreaao there Is still a large cash balance due to Kuro pean countries for which gold may be demanded, and that a large quantity of American securities held abroa I may be returned to the 1'nited States, while on the other hand more than 1300.000.000 of emergency currency must be gradually retired. "No One can estimate the duration of the war or predict what Its effect will be on financial or commercial conditions, when peace shall be re? stored. Our own industrial develop? ment should be greatly facilitated by foreign capital. "It Is prohablo that at the end <d" the war inlerest rates In Kurope will be higher than they have in the past und great investuu ut returns will be yielded The tremendous destruction of property and waste of capital will not only check the llow ot Kurop? suvinKs to the 1'nited States but may dispose foreign Investors to return the securities they now hohl. ?l^.wer mono rates in this coun? try wou'il be likely to accentuate" this tendency, while, on the other hand, higher Interest rates am) large invest? ment returns on our side would cheek It. ?The function of the federal re ser\c bavka Is. therefore, of ? two? fold < huracter. The> should extend credit facilities, particularly wheru the abnormal conditions now prevail? ing have created emergencies de? manding prompt accommodations and on the other bind they must protect the -old holdings of this country in order that such holdings may remain adequate to meet demand., tb.it in I] be m ob- up??n them. "V.'cile tfSdll f o etc I should he liber ills exteiub 11 in BOSSf Da Hi Of the country, it would appear ad Isahle to proceed with rantlog iu districts le t m gang of imrm di its relief snd to av\.i11 Ilm es?< I af the release ol reserves and of t ? changes whieb the Mrdit ineehauiun ol the coun? try Is aide |g experience be i ore establishing a deflnlle dc.count policy, win ,? the most seats slags of I he recent financial emergency appears |0 ha* e passed, the < ..nditions in other countries make it gseessary that the United Stales shonl I. to the utmost! degree of ellhieie organise and make available its awn rsaourecs In onb-r that it may provide for its own needs mid repiaee th,. facilities sud? denly destroyed |,y the closing of so manj al the seeuatnmed channels of credit Sjaf trad. in Aswalag commercial paper, the board announced InSSi basic pi in elpb s: That no hill shall he sdmltted In rediscount by a leset vc hml.. tie pre BIG BANK CONSOLIDATION. The Bank of Sumter to Unite With the City National. Xews of the Mggfl financial deal ever negotiated ii Sumtcr became CUr rent in banking circles today when it was announced to those directly In? ternat cd that the consolidation ot the iBank of su inter with the *'it>- Nation" 'i Bank had hem practically con? summated and that only the d< tails I of the deal remain to be carried Into effect. One of the prime considerations 1<\nlinir up to the merger was the fart that Mr. It I. Manning, presi? dent of the Pank of lumter will re move to Columbia in January t<> take up his duties as governor of Bouth Carolina ami that the other officers of Um Hank of Sumter have other business interests that require their entire attention. In the circum? stances the consolidation of the Pank of SimUer with the City National Bank under the presidency of Mr. (i. A. Lemmon appeared to Mr. Manning """ I I and the directors or the rank of Bumter to be 1?>tH desirable and ad? vantageous t<> all Interested. The de? tails of the n ?>i' consolidation were submitted i?t Comptroller <>f the Currency Williams at his office In Washington Tuesday by Mr. Manning:, Mr. Lemmon and Mr. I. C. Strauss, representing ihe two banks, and tin1 plan received bis approval. Rach l ank has called n meeting of I Its stockholders at which the plan <>!' consolidation will be submitted for their formal approval, and it b expected that all details will be worked out and the consolidation be? come effective about January 1st. The consolidated bank will be th<- strongest bank In thii section ol the state, the City National having ;i eapital of $150,000 and a surplus of $30,000 and tin Hank of Sunder n capital of $200,000 and a surplus of $60,000, ceeds of which have been or are to be applied to a permanent invest? ment. Maturities of discounted bills should we V II distri >uted so that a reserve bank l ould be in 1 position to liqui? date one-third of all its investments within oO day*. Hills presented for rediscount; ShOUld be "essentially sc 1 f - liq uidat- j lug," which, the board explains, j iiK MM that they should represent some distinct step in the productive or distributive process ami be of such churacter that it is reasonably sure they can PC collected at maturity. In addition, the board requires that such paper be indorsed by the mem? ber bank offering it for rediscount; that the indorsed bank waive demand notice and protest; that BUCh paper be Issued or drawn for agricultural, in? dustrial or commercial purposes or the proceeds of which have been so used; that if in the form of accept? ances, must be based on transactions involving the importation or exporta? tion of goods, and have a maturity of not longer than three months. Ac ? ceptances must be indorsed by a mem-| ber bank and the total amount offen d by any member batik shall not exceed ' ne-half of its paid up capital and surplus. The aggregate of paper bearing the Indorsement of any one person, corporation or linn, redis eounted for any one hank, shall not at any time exceed 1'? per cent, of un? impaired capital ami surplus, this not to apply to bills of exchange drawn against actually existing \ alia s. Taper drawn for trade in stocks and securities will not be acceptable, nor will such paper dfawi for "mere investments." and the board Inter? prets this phraseology of the law to exclude paper, the proceeds Of which may be used in investments ii. land, plant, machinery, permanent Improvements or transactions of sim? ilar nature. The purchase of com? modities fer merely speculative pur? poses would constitute a "mere in? vestment" in the eyes of the board and win i?e excluded, The board also announced that for the present it had fixed II per cent. I of bank's capital as the limit up to which it may rediscount paper "for agricultural purposes or based on live stock" having not more than six months maturity. This limit may be in< n ased in agricultural districts in ttntCJ of toed. The board announced it hoped t-> establish a Central credit bureau, in which the financial records of big bor? rowing corporations and Individuals will be kept. 1'ntil January 1" next a wrltt? n atement of an officer of a bank ap tlying for the rediscount of nny bill bat is to be u^ed for the purpose designated will be sufficient, After that no paper will le redlscounted un? less it is eligible under the board's euulations and the seller lias given a lernen! !<? the member bank, This statement is to be signed under i Mi tiai must shew the rharucter ol businecn, the balance sheet, the profit md loan accounts, permanent and lixed Investments^ slow and uul< k assets; capital, long term and short term I loans* It will .'dee.-, also Ibe maxim, ni aggregate up to which 'be borrowing concern expectn to sell short paper. The signature "f a member bank on such paper will Imp coniddored binding and a guarantee that the borrower*! stntemenf complies with Ihe law, Muniugc l icence Neconl. Moo noes lo marry hnee i im n In n<,! I,, m. ir Uoblnson, llomilo, rind UlNMlle Kllerhe, Cliirt moid . Kdv anl H idlers and Mi len ^ ?unn. H<'nil ? 1: ,n.i Tom While and 1 "hesllnn Hliinl? I ry, Ma; esvllle, Ihe Inttei Iwo Im im married bj Ihr ?Merl; of Court Ihl 1 morning. DAUGHTERS or CON FEDER AC V HONOR DEPARTED OF THEIR ORDER, High Praise for Mrs, Wood row Wilson ?Mother of Organisation Euiogiaed. Savannah. Qa., NOV. 11.?Impres? sive services were held at tin afternoon session of tin' general con? vention United Daughters of the Con? federacy, .Mrs. LlUlo Scales Slaughter, chairman of tin' memorial service commi '.<?(?, delivering an eloquent eulogy. Resolutions t<> the memory of Mis. Woodrow Wilson were pre? sented by Mrs. .James Britton Gantt. Resolutions to the memory of Sumner a. Cunningham, editor of The Confed? erate Veteran, were introduced by Mrs. Herbert x. Leech. Mrs. C, M. Goodlett of Nashville. styled he "Mother 0f the V. 1). C." and an honors:':.' president "I* tin- or* ganlsatlon, was euloglxed in resolu? tions by Mrs. B, .1. Elufort, in in ?.? tribute to Mrs. Woodrow Wil? son, adopted by tin- convention, Mrs. < latitt said in pit i t: "if 1 e Uvea most who thinks most, feels the noblest, acts tin- best, then Mrs. Woodrow Wilson lived ft lit' in.ndi longer than that counted by her years, for her life was filled with all the dignity, grace ami virtue that could be crowded into it. Prominent position meant to her, not an exalts tlon of self (she loved self latt) but an opportunity to be morn usef il ami to help the greatest number, sin- had a heart f<"- humanity in which dwell all that was ??? nulne pure and holy. ? Absolute loyalty was chief a nong her characteristics; her old friends were never forgotten, and when si ?? becunu 'the first lady of the land' her home was always open to them as of old. Mrs. Wilson was a bellcv r in the high destiny of womankind and taught her daughters that only the true, tin* beautiful and the good, wa* Worth while. "Mrs, W ilson was eligible to the Daughters of tin Confederacy, her father having served throughout the greater part of the war as a chap! tin. she approved Ihc work of the Daugh? ters. Patriotism burned like a hob Pre ot the altar of her heart. Mrs Wilson entered Into all tin- plans of her distinguished husband t .? him she was a guiding star pointing to all that was high and holy, After she be? came ill in- was her constant compan? ion and it was at her bedside that la wrote to the warring nations of Ku? rope his lender of good offices for peace, it has hern said that Mrs. Woodrow Wilson gave her llf< f?r her country as surely as a soldier gives ihis on t'n1 Held ot' battle, a id as we the Daughters of tin- Confederacy 'honor the memory or those wh< I served, and those who fell ii the s<*r vice In Ihelr country/ so v..- v. id ? n shrine int- in our hear! of hearts, tl. brightest Jewel of Southern woman hood*" Following ih'' memorial services the reports of general ollleer: wer? i?ad. Tonight a reception wan ten dcred Ihe visiting delegates, the gen > rn 1 officers of tin- nrgnnlsn' l< n >? lot In the receiving line with the ollha r .?:' t In hostess cha pt< r. RH. MUD! I; |??; \\ Ml-diil'.^. Mu*vlteliti?ctts Plant (.e;- Co'nnds^lo lo IttilM I WCItl \ Mthlillt i ;,e' llostnn, Nov. I ". An oi di r for I ' ? Immedhite ciiii i ruel Ion ol it >ma l ines hnn Ihm ii plaeed with 11 1 : ? Itiver Khlpbuildiiig Corpora 1 I Julnc.V. t Mlll'lals a 11:?? | .1 > i! : ? ' Informal bit i tu t ? tin id en I it "i I 1 power for which Ihe Huhtuai nc ?> i lllteildi d. An idllci r of l In- ? nl'pnl Hon sold tin* order would at nntnl I i aboui : 10 '.1 ivTXfii's i\ roon n or sk Kioi s poi'j/ntv disi: \si:. Poultry Husbandman of ricmson i oilcgc Discusses Cllil ken Pox iii Detail um] Itciiiettlcs to He Applied.I it Is not generally known that sore? head or chicken pox in poultry i i'.iused by the same fungus mold that is seen on bread an I many < tin v substances kept in a warm, damp I??.ic>?. This whip mold of br ad re? sults from the presence of a fungus known technically as Aspergillus in-; mlgatus, and if this fungus attacks the face of young or mature chickens | tli*' repulsive loi king sorehead wart? will appear. The early symptoms of sorehead show in a depressed appearance of the fowl and a number of small round, reddish Bores on the face. Fever is present and the appetite ihas gone. The second and third days find the fowl more deprcs cd and the so res brown in coio.-, hard on tin- outside and similar In appear-1 ance to brown warta. However there are two varieties of sorehead, the dry and the moist. The warf or dry type has been describe d. Tin fungus attacks the mucous rm m brane of the eye or throat. Ilavin.d so favorable a medium for th velo] iff the fungus spreads rapidly and soonj the eye is closed and tin nostrils ut ? throat arc tilled with mucoi 9, This explanation of the origin nnd cause of sorehead suggests meuns for tin' prevention and control <?: tin disease, In almost every case Lhai has been reported to the writer tin poultrymau remembered that Ihe litter in the poultry house had be come damp and moldy, or thai moldy feed had been fed, or that the chick? ens had been roosting in u wai m, damp house where mold was probab? ly present, It can be stated with as? surance that an outbreak of sorehead is Impossible where there are no conditions among the rowls favorablci for the development of mold spores. Hence, at this season oi" the year es? pecially, the poultry should be kept in a dry, v. 11-ventllated, sun-lit house with dry litter on the door. If the Utter becomes damp, seat: >r it over with a fork bo as ??> dry '. as rapidly as possible and prev? nl its becoming heated and m >ldy. By re? membering toe nature of this disease and lighting it. Intelligently no on in South Carolina should have a sore? head epidemic among ids chickens. It has been sta id that a mixture of Epsom salts an l sulphur given several times a week in the mash will prevent an attack of sorehead. The fallacy of this opinion is ap? parent, bat it remained for one ? the visitors to tin- Clcmson College egg-laying contest at ihe state Fair to prove positively that a scouring of sal's and Bulphur is no preventlv. of this disease. He followed the di? rections ami gave the :-,:it.- and sul? phur regularly from last July, but shortly before the St. ie Pair his chickens lad the worst attack of sorehead he had. ever seen. Man} died and the remainder wire still sick when in- told the story. Hi; course of salts and sulphur did not prevent the Bpores of th.- lungus front attacking tin exposed flesh <?:.' the chickens and It is doubtful ; the treatment would even minimise the b1 verity of the outbreak. Probably the simplest method ol treullug sorehead is to souse th head of each utlllctcd fowl ill a I lure <d' permanganate of potash tun pi roxlde of hydrogen, first, nut .?? ? dark purple solution of permangunab of potash in water. Only a smal amount of the crystals will tic nccdci it, color a <iu- I i of ?ater pui ph Then add u leasp >< ?nful of p> roxi? of hydrogen to the quart of \< \r\ solution. Catch the chicken and. hob feet and wings In the !< ft bund, . ? : Um bead around in the solution wit the right hand. Repeat twice, or un i i the solution ha; entered all passages of the hcail and had a portunlty to ; ttai k the funs i rowtl It is ud\ Isiibli to give I Ids treat 1,unt in the early stages ot the d ;i . efore i rown and scaly, as i. Ih ?' ? ail kill the fungus hind- n under 11 lit scale. In that case, it i: b : sharpen n small stick and r< nu?v? hard scale over the w in-. then sot tUe head In the solution, and ?eriuaugunate will cm? leate tlv ? use. I 1 uher useful remedies can be pal ...j on the head and sores with r, iitlu r. Tin se e Iodine, Pni creolin, and ? ulph tie of coppi r. ?S< re lilts are obtained by greaslni hoad w i< li men11) '?? I ami cn .laj niiese Warship < Iff. I ? ? ? I for an ilid aowii desllnath n. > ? ? 4 \) ? 4444/ { I < I > 1 v>4444444 t -4 Our Prices: 16c in 50 gallon ? t: . l? l-2cbythe gallon. Lubricating Oil at 20 percent, less than old prices. fust re< iive< a case ? Ford hberMat*, while they t last at 98c 1 ocular Caality, i 4 T mot Company ? X I. H. M PhQfcE5Q6 t fc4 * ? I ? ; < ? v I 4+++++++?++++ 44 ?44 f^it^M 4-4-4-M 4**4.44^444? ? + +4*444 44444*44 4 444 44 4 4> J "r + J Ways to: >ut no hotter way J to preserve what you have saved t than by depositing in a good bank. I e 4 per cent on savings X vrom ds.y of deposit. 4 4 x .i ?4 4 H ??+????? ? 44 *4-4 44 > M?4>v 444.M>44>4<?fr 4 444-4+ 4 4444*4) tMivMRMni ituKnua ouan - ? a?aBa?ic.'aCT.:w^?.-ai iiiiiiwiiaww?i The Peonies' Bank I : We are young, energetic and progressive? \ with a strong i] sire tc serve, You will find U3 polite and accommodating. At i tc itive, ' romp, and careful in looking af? ter your bu: in ess, r ?ui never tiring in serv in ' .jp< : it--r i ind patrons. Try us. ?: he savings Bank "WE DESIRE TO SERVE YOU" * i. ? .. ? te & r. ? '., B &.> *<m 4: . . i i t fa ?C v v . " .. ?, ;v. Iii ? r The n I ? rd "Bs ill " sei ms to awe many ople, they feel the steps that lead to the in ide are not intended fur them. ' ke i p your mind to ^'et acquainted with us and our methods. Make up your ! iii -! t ci me in. Make up your mind to have a Bank account in this strong bank. ?; makes ittl< difference how much mon you have or earn, let as explain the ? to ke ;: Fiank your Bank, SI.00 will 3tart you. 4 Pi v Intsresl Paid en Savings. 1 - - ? ; OF STTMTF 1 I v Zorn Mill I ; ; ? . installed an electrically diiven corn t ' \ -xi. rn, and am : . - the public. ? ncal :*.nd grits of tlie .: [ trir% jr 2R0AD STREET, ?