University of South Carolina Libraries
^pTfry EXCHANGE ?rie& Waan&maker Says Time is Kipe to Abolish Conditions Established is New York m ? j T?u .Members :" 6i ifce Amcrio c^: Cc^tp*h. Association: .. ^Ther* is in the; world today only ^e^:?ptnmodity superior to4 Cotton kl ? i$b s&cfcs or bonds -or any form! Of securities..have such a world-wide.,, market- asi cotton. Nothing can be' Sft'??y^fi^l'Hy sold in : so many" markets ; ^^?^vwey* small concession from the j " x?Vrket price. Nothing can be imnie*! d?^F ??ld for near or distance fu-j ttiye delivery .on so-many Exchanges! in "'sc; nuiny.-'countries as cotton. Two guarantees are ? necessary and cotton will. soon take its.-rirrhnui place as' the best collateral "in- existence.'' Tlfr * fender <Vnr&s ,to; - be sirre. first, that: t-ali-s" aVe where ;;h?- warehouse re- ? mm: iwm s .-. dh? Lrjse Money r '. ? * i*vc :">.?*?-*-? ? / 3*..i;2cnve, istoS ? sr.* res A>'in>r.- ?nst cannot bo ;_ , t-f^-ii: ;p r^ili ?.?*?? ?ores. It -? * yrriL *y"?f, vi-.: ?"(inry j?d sKow .^v^nr s?v% an'-dboiute ? ?*2$f???ziti. to V> eor. ?i'iu:: S<^Vy, .... * V^... ? celpt says they arc; second, that they arc 6i ih ^ s a ted .ho oet tifica.;o.' Thea he vt?j lend the tiont-y gladly. Cotton should be warehoused im mediately after ginning, either in a warehouse, under federal supervision or State supervision,;; *t should be li-r'.V.U^I? W d 6>v. i-.;;".ml: gra'k-'ir. Tlii 'remb-rs. i! . :i}'.-><-lli;*-i\' ba nk.ddt- a. S?iCJijR<\ ? i Sft. gol i I. . i.... .W.-U-u:; mil hi .?o;>vi;i;ii'<:-'i:i*r> cash a; any/jime.. New' Yor.K ." is not 'a natural cotton d^piot: v ti. is only naturally a link hy the chain1* of d?jhestie and foreign transportation, ?i?rgely; the latter- New York is not near any spinning center aifti is far from the . cotton, planta tions.. ' y' ? - It aT-oniy $g % "?$?$& Of conditions existing in. 56g that fcfce New York Exchange w^g. e$&biittme$. it has been proven. of ten this year, if indeed" such proof "v.'^s needed, that New' York is not .a, naturalv storage pSacd for cotton. Cotton has never been offered 10 New York except as (he re sult of im'lated prices am! the great est necessity to have Jt delivered on contracts, Cotten in the South today is bringing a '.far higher price than cotton in New York. - , As a result-of conditions that exist ?today and" that haso; existed far years, oofb.n' is "al'.soiu;e!y the 'Too: riaijl of th\- garrfbb-i s^ tlie.bear ;garubier kick ing, the ball ninety-nine firhes to one kick" by the bull. As a result the producer pays' the -penally, and the manipulator arid ^.-gambler reap the harvest.'.' \ ?.' "" ??* ' . 'About'"six 'yeaKs' after the War' I5e ? t'p-;t -*h[c Sm' t*\*t-w-h^rf"the;.* poverty f.h.T^af.k-r^iptcy ot'ih'^ Soja: htv-" States i.\t>de. them i entirely- ? dependent upon the financial accommodations ' New York ""could furnish W the- merchants of the cotton .producing .States so as to- enable theftl to 'extend' credit in the way of goods ': to $he producer, trad ing ' on ? tne ? Exchange cotton futures wAs develcp.r.d. At thai time''r>uT lit-. ;le cotton VfcS,'g^o'w"n irr- --TeTca.^ and '??mo k^^'^l^Q^t^R^^^i the. In dian territory, -foe largest portion of the cotton crop being produced in the Atlantic' States from ; Virginia" south, where it was sj^fp'podf to TOur?pe xJia.; the. Ports' of .Norfolk. Savannah ana j CJ^rle&pn".'' ":" " ?-' "'? ? ? ; In. those days the South was. help .'e^.v it hau no" voice in;the framing of rither 'it's'c?mtticroi&l '?r political iffe*; The gov^rnnie-.t .of the" South vas in I the hands' of M.-ooYi^oOo slaves under ? Lhe lea.d{?rphip'rtf the"- ' bsfrp^rt-bagger, j the South was bankrupt. To exis' ' it. :V.u.-~i" p/odu'-e cot tor. it war-: only; :V-hv t'i ?:o C)?l0el Xt( those 8ay'sV liere were .but re'v Bottofi mills fii (he * ?^ouih; the V retire.S'.:';it*:.?rii' eor.s-.imV- | ::pnf ?t''co'?Or. m 1?71 wt.s about 51,-,' 3.?.? ' bales, it 'was ho? 'therefore' diifc-1 Jrmably, isrgj^ st Ofk j^c/.-irMi, from a H SPORT OF TBE OONDfTI^ OFi s JfO; JefceO.^ -... ?? JtMcrve restrict No. $ TherMational Bank of South Carolina, ?i...?c- Suinter in the Stat? of South Carolina. W >thc Close of Business on ~- .? - Dcceinhor4lv *' l ^ '-^.-ttiris ?nA fefsebf?t*tsT including; r*-aisco u ti" t -'s, ?<n - '< except. ?hoSe shown in b and c) .. - : V. 'iT?rraf"1oao'j*. 7s?-\r/ v. - .;; rV...'..'::'.'".'? r.5*7:*92?S2 4%'4*-U3? . - - . . . ........ . . .- .. S. T. Gov^mcsrt severities otftfrrif: ; " ?. a. -Deposited to secure circulation Vi V S. bonds ? par;TaTue)' ..*..*.. ..v.;t,.r. .V. ?;'.'.*'.. 20?'e??:00' b Pledged to secure. Uv a deposits (Par value). ..3^0.000:00 f O^ned and unpledged ., . . . .... . . y l37.5ot.-r/ Total 17, S. -. Oov^rnmt-nt' securities. '.65.7JJ3.4-.47 4*. -Other Ik?nds. securities etc.: ' ' " , ' ' e. -^v'uritiiS.' oftor I'i^ri F: ri/Nonds (not-including ? ? ? . i. yr<?:-0-:t;>/ owned anft unpledged ? ?? .- . .-S.?A^/)0 ' ' ?' .*' Txital hor.d*; ?s^enriiies.* etc:; othe/r than V. S:'.". 2S,345i00 3. Stuck of Federal Reserve Bank' (50 per cent of -^bseription). . ;. .. *:. 11.250.00 9. a . Value o* Ranking, house, owned ?nd unin ' cumbered ...... . . ;\. .. 33.754i0O ? b ,'? Equity in'banking' house.?. CS,754.QO. i?f Furnitureand fixtures .. .. ...'.i. .. .. v. .. 3,233.25 1& ^laWfti3i reserve with Federal Reserve Bank. 6.650.71 13. Jtetn? with Federal Reserve Bank in process of ? collection (not available -as reserve):. .. -.*'*.; .. 1>. t^aVh fn.vauk and net amounts due from nat- ? * ion^i banks ?. .... .. .. .. ::' ..V .. 60.86S.36 15. Set amounts due. from banks, bankers' and trust ? companies (Other than included in Items 12, 13,. -' or.14) .. .... .. .. .. '.: !. .''3,3 29.4 2 17.' . <?h'-;r-:s \yrr ofh*T 'bruks in the same eity or town ;? sis ?s^:t,r,r'ir^r Ct than it<-o? !?".> .. .... ;2.$S?.?1 T^tiii i?*ips?'\?.,- 14. Jl'i; it >r.>\ IT. .' . ?' 1?;7.? 5-? 13;. 'v'/^flvS oa ba"n^s..foeut?:d ??...t>'Idv- Of- eiiy er. town of reporting bank and oth.'.r ^-'iSh r- ins . , !.?;-. i 19. Redemption fund with U. S. Treasurer ' and - .. ? : due from V. Si' Treasurer .. _. .. ?.? 10 {,(,l) iul .^1.' - * Other.' ar/'!s, it any.-Currenov in Transit. .. .. f.294.(?0 . Total.'.. . . . . .. .. $2.-434,46 Mi? LIABILITIES: x22; -C^ffa! 'si'oel; paid In .. .. . .. ?? 1. ,*2ft::!0yf.;.:> -2.^ ^rpSife'-.-'f Und".".-:' V ?.'. .. .. .'.'?-? ..'. . .?. ? ???'?.0i'; , 24; a-1 't".ndiv.i?ed profits;'. .. .'.:... ;. ,". .... it? 1.2 5 25. Tnter-, si aiid discount corecte? "or credited, ?advance of maturity and not^earn' ;! (approsi mat^> .. ..... ....... .. 'h. 25;096.4!i 28% Circulating riotes outstanding;. .... .. 194,295.00 2f? ^rnouht due to Federal Reserve Bank. 12.743.43 Jttf. Net amounti due to Natiottfcl banks .? r>. ... 875. t>0 31. Xet amounts due tc .banks .bankers, and trust companies (other than included'in Item? "29 or ' ? 3?) .. .; .: .. .. _ tS;l#4.$$ 32. (^Hfned checks outstanding ...... .. .. ;'. .. ?2.63 33. - Cashier's checks on own bank outstanding., :. * 12.$50.Of, ?' T^tal *>t Items ?0; 31. 32, and . \. ?. .. . ' 3S.913.72 JVmand dopnsits (other iWnn bank detjofets) injfc .. ' Jeict,to Reserve (deposits payable within 30 days): Z4: Individual deposits subject to check. 76Sf321.29 a6. <5^rtifleate9 of deposit due In les* than 30 deVs v.-.the*- than for money borrowed) .. .. .. 20.000.00 $3. dividends unpaid. .. .. .. .. 9.<<35.no Total of-demand deposits (other -than ban'-: de posits) <mbject to Reserve. Items 35, 26. 17. 38, and 39 .. '.. :..... ..'.'. 156.29 Time <ie?v>8lfs sorjject to Reserve (nay able after 20 days; *cr suhj^H to no Say? of more notf^e, and posmil ?yrngp^: 40. C9rtiflca.tes of deposit (other then for money borrowed).? 247,790.95 43. Oth^r time deposits.-..'.. 449,369.22 Total of time deposits aubjec* ^o reserve, Items ' 441. 41, 42. and 48 ...* 697,160.17 it. Tnited States deno#^> (other i-.n postal saxinjrs): ? a War loan deposit account ... . 2S7.500.00 2$7,$p$00 Total. $2,434.061.10 STATE OF SOUTH CAROLINA. . County of Sumter, ss: ' . I. C. C Rowland, president of the above-named bank, do." solemnly swear that the ttbovr statement is true to |h> b*?t of -myj^nowledgj ?.;d belief, ^ .Q- SQWlAiW; PretiAfitit. ,-' ?ibsc^fe*d and ?wora tb before this, 9fh ik| of^nuw, i950. W. Y. Teadon. Notary Public C^rreet^teists _ i> . i$^6 3C?^^Jvf 2, GBO. f3. SM&ftE ; ' EARLK ftoWtA*CT). ; tempar??yeiy nearby territory an&; ?lio natu rally became an' important. ' and- legitimate cotiion market, j On February zO, isso', when New STojrk was about at its zenith as a: ' real cotton market, the cotton held in ? ???he warehouse thtre was 204,449 bales lor about ?>.> percent of the crop of^ ; I ha i ..r-as..,;. which w.vs 2.0*70 ba.ii < ?n \ ue is: *,\ X??eVi:; Oer. j 1:J :?. ? the Av/avhoasi s <>i N?-V V..ik .on-' : fuui>d on.y J.T.ifuo bai?ij, .or iZ jOj ui 1. per cent of this year's probable commercial crop, of 11,0-00,000 bales.: The reason for this reduction in thoi stock carried, is that the cotton mills! that have been built since 18S0 in the territory thai was form.rly tributary^ to New York, consume nearly ail the. ?p^ton -that is raised there and canj afford to pay far more for it than it; would return "if .delivered oit the fu-j '.ture contracts that are 'bought and1 !sold in-such enormous volume on the I New York ("oilon Excha-nge^ s In its raw form, intruding the Sead] I-Ute world's present cotton et&ft is now-'j [ worai at least &*?? per bale, or about ' thre?.&nd a half billion dofldrs. in j its manufactured? form its - value is j ; about tripled and would approximate j j eleven -billion dollars-. The total :'cap- j ;ital. invested .in the production and' ; rm.nnfa?-*uro ofScotfon ami ^.he cott?p j :ifft/' :.;?{i-i5-.{-ry. iias b(-. ii recently fesfi-l inaWd at ''approximately thirty-seven; | biiridn dollars.' / I About 50 to 70 per c?nt of the (world's cotton, "pfodiictioh is/grown inj |'Ajocn^A and iliis ye ar's crop .of air-out? - 2.0?!0.b('D. haks" will be worth about ,<2.2O'0.i*'0O',f)O?i., Of this '."11,00'\00'0 i 'hr.ler abou: er bates or 30 .per.' eerii-.; win r.e consumed 'by 'mills locat-! ed in-'-the Southern State s^chtefly in the Carolinas and; Georgia, and the. remainder, of ' 7,^00k000'*bale$:, worth1 $1.50n,000\000, wilf-be sh.ipped to ihe'j New. England mills or exported; ? ./?'The American Cotton Association'; wiih the riling farmers." ' merchant*. tiiin\yppi i:.r/V(V.S2;t:m?l/ ar.d.; ?ns|-?e^ !? men '-ti^i'.s 'Toun.la: i-m sTehy.'h's' Ar'-h- | ?hig .the briilding- '?'??, warehouses:'' warehouse or warehouses for each/, crAmty,- owned and controlled .by the people,of "the county', operated under' the " State or federal warehouse act. sufficient to hold the- cotton Of said* <--.a:a*., 'That is thtfTpr?^?yrf they a*.*--' jm/ninr; t?r?u%hx>ut -the length ;-na' breadth or ?hv cotton Beit, so' that 10- entire South will'? be dftfttM wirhj wdrehouies and the 'marketing'of cot-1 ton stretched over a, period of r-ve-Ve ? mosths'instead of being ru?fee# on the;! marke* in ihre _ hary/sr'hg period of three .j&v.'?hs. T*i per cjjh't' being :he>j aX-er^ge ?^.m'.'ur'r of'^otton sold ih tJv.se throe jnoejh;: heretofore. '.'The ii< \'t/-Ii.;k' will fee ^oncentratioV: war.-houses. The American Cotton Association- is forming a bank, export. an?! discount'" corporation for the pur-'. f/....<e Of'./?Tp-ctI::?- :,dirc-'cr sa&fj of fcr.i -; ;.ori;-*-?,i-h' at i.-'.'.rn.f'N'Vd abroad; tnc-n*. |?.-:;:- ?Ve. %. S IbU id ami" it 'in |?? # $- ' '<.x;hVus 't.r 'o^fnien ?of wiio ha? ?' tftyen' :iv<f;. 'V.r :*?-K;y- S.o ihis ' ' e'r-'*;''+ ? .riu>s'tibp' L!e.''v.pV?.%r-tjf.> time "h^ arrived to absolutely change c.OiVdf-! tions"which have heretofore* existed ' h\. the handling of the cotton itiTTun try. Aiitiouated "methods ' m?st be relegated to the scrap heap; a South ern spot exchange should be estab-1 i??h<--Tr K't'W. Orleans has a gbldteii op- ' portiirJty. ?g&fjjfc e^mp'larhY' l:V'*hc-ing . rai-ei, age ins: nie; had?-'which now exist ov: j the e' e\v* York' eVchttnge:. Mahuf ac1 u- ;? rers ca.'Ue.L u?v it for LedVing pur- . poses; time and Vhrie ?gain its com-; .?n:tto*^ have recom.mer.ded that it es-j tubh>h \var-:hmist-s r,i' certiirea.tioV i::'" th.e sou'h.rV'Mii v.hieh c?:?j,toh couiu ??r tkdiv>-?yd: for et-atracm '?oUgh'L oif'th* * New Y\:vi: <? vrhaihie. H:cCommen3u-'l tions 6f Qiis committee v.-t-re erelV?r.-el." j by leaders v? tlxe .uianelaetuiv-rs, ad. to no purpose, and as a result N'r-w; Yorjt has lost, her opportunity: Shy-'; has- kiil<-d the goose that/ Efi.ni "Cht^j " St.'':i\?n<thews, Jan.! Z.?Follotifing i . ah article given out by President J.i SkQttowe Vv'annamaker of the Ameri- j goiden" egg." ' . New Orleans, by establishing ware- j houses of certification at concentra- i .Cion points*" throughout the cotton belt; [ b? ;makrn*g' certain r?Siefel changes in - [the' fuVes nhd reguWtions so that a;i i contrrrct will .assure'.the delivery. oV ! I sp*ot cottonyfrohi;'th<,se". Cf-'rtiried ware*- j \ houses.1 can become u great spot ex-'' a r* :' ? *" *'???< ? ?' ? \ " '* ?V- - ' i ehiVigi . -? u ??.-<?:!:t'dy ,;??'->?nti,*v??l.ifijr the . i iisft'ii.'itiom ?': : "'*. ; ?**"'? '? J \\Vif;!i,. v':: i-i-i!uii.Mv' in ' 'ftVciy. feOuntyfJ Itt'ncfr parish throaghottt tht; length ?m.'j I hrx-adfh of i lit- cotfo'ti bf-ft. ope rati/ie. ' I mid.-r'The Siatc Sr'^fe?ierat Vv.u-t h?/u;-, 1 I.lei. with ' cctfii i-i'ii ration \varV/houSe>::j lyi i:!.' g.?ve*rh;jkj4it', grafters ior aii o*3' [these' war< houses, we are facing th<-\ !.'?: ?:?: ronVMl<?t''c oliange.in the O'tt;oa ?..inxtijrjtry ' hat has ever* occiirrN'ITsinw* [the nrxT ^avo*'W?s^ 'l.-l."ft*v- par | '. in?** of i.?-?*.111< ?ig cttoh ?ni' which ? ? rest:!ted h: the S<:;?th s-wabping .lie/; . hir.briyhr lot*'a hitter mess of pof ! riige. THe har.dwriting h&s appeareb ' rth 'the ???all: special committees have! oeeT) appointed by th? New England! opirmers 'to confer with* the N^pw York'j j exchange: special committf^ri have* S he*ep apnointe'd by the New York ex-i c^ifthi'e: great dissatisfaction! > exists j j n?t only through oat the- entire cotton | i.industry; but among thr- members cfj I the'-Now-' -York; exchange. ?'- ?'? ? . ( i'v'^fei?go'is making, -a 'bid*'for this! busifiess. ? rni*a recent; address before. t^Ch^gO Boifrd-'of Trade. Theodore-! PjAtd Ohhesjtaiingly- recommended!! tnakc^a^o-tal-e s>eps to establish; ! at/spot,^ohun*9:e' for the entire eottbVj j bell,!,'? which -was trilmt.-ry to Chicago:-! apt!??fiidt'fo.Nev.* "Vm*U. . *M :.>./ ' j The ' kev/ Of-kJns exchange/ the ' Chr;:r:\ > r of Qoih?i?i^ of New '0>rlcan>,i :..;;<} tlfv ghanrboH* o*:' '"-Morr^ce^ron-'i j ihe vaKotV:: r'itie/ bl' the South' shoiild i I irftmediatcly Ulce steps to ^cooperate j life Uie estahil.^hmentof thi^ oxchanjej j and' effect this great cli?nge in the | j cotton industrj'- Opportunity is khock !lhg. She of i&rs a golden opportu- j r.i'y of eh.i*".c'Ir:r; thrs^ antiquated: ..b'.b...;> whiefi were . slaMi.^lied'ih fh?j < h;AVd!iiig of ooiton in abbivt f$$9, so" the manufacturer in evcrjr*lliierjbi Thej j cotton in?)ustr\*' will 'receive '^great bch-; 'etlts. Sho others ? gold'on opportu-. julty to the sotith to attehd tb her: lottn hu?'ih^.'fs. Will .*ht* accept thi*. typotiufiiiy* Common s4?^ fefis uifj bul dne dhsWer .apd the answer sUit^i (dictate fr-^T?." ' ' . ':" ! hT? Textile World Journal in ah I editorial entlfled "A better Contract/' j ? ? "That the New York Cotton Ex change couid perform an usportant service to the - industry, und at the yamc ti.ne tend to cun-ccL the very generally acccptod opinion that the exchange is operated solely for spec ulative purposes, by revising its con tract to allow delivery on it of certi fied cotton at bonded warehouses in various concert tralion callers' through out tlic country, has ho. n sng^s.ed iu tiiCbo columns at various times. The same piah has also been advocated by cotton growers' associations, bur the .officials of the exchange havej never given evidence that the sugges- j tions warranted their serious consid-: erujion. Now that ihe .National Coun cil pi American Cotton .iianufacturers has1 appointed'a committee to confer with the 'officials of a local exchange | on this subject' it is possible and prob able thai" the" latter wiil at least give: it.serious thought.'' I - "There a certain ultra.-eonserva i'iyc cid fogy element of ihe exchange thai will continue to fight against ip-j novations anil (liat is perfectly satis- j iied with eld business .conditions? but a oonstantly increasing number of its I members is alive to the modern idea of c'/iviiiir maximum service* to their clientele" to ;tlie importance of a bponder. Vrontsaer; and to the desira, t/:!iiy ?.f shalcing" concessions.' i" crit ics among growers and iiianuiacturerd that- may tend to check further re strictive- legislation. Not all, of them may be able to visualize the' impor tance to ihfi industry toi a real spot tnarkei er facHlt?tmg transactions' in a* tua! cotton, bat they do oeiieve in the principle of giving- maximum p.ossiblr service to their customers, and tlv-re is excellent reason for be lieving, that, if the proposition of the national council' \vere- put to a test vote it Would receive the support of a majqritv- of the exchange nyembers.-" With the contracts calling for the delivery, or carrying the privilege 01 delivery from ihe great warehouses in New Orleans or at certain warehouses in'"the-various cotton producing States or-from certain warehouses of certifi cation;-the price of cotton would bo regulated by The inw of supply and demand. Each contract would mean that the cotton specified therein could be sccurea: How is it possible lor the law Vu' supply a :d domr.r.d :o Operate today?jamaary and March Wiudreds of points a bow ;Tu:y and May? At a manufacturer attempts to hedge his co'tfoh by /'selling July he, will be caught between the 'upper and the lower Millstone and ground to a pulp. The/law1 of supply and demand is an unknown quantity on a market which (fohs nai carry the guarantee of de livery of. the i-'-opCATA'. This-great law has'long since becMi dynamited and ha:* ceased to function." The price of ^hiinn 'ik 'srubjeet to the whims of the manipulators: tho producer pays the 'pf-wVlv..; the ?aanufacturer and con ??V.Yer of e<?ruvn goods, of course, also suff.-t. TV- "iSt?t'Yiuhnieiit of a $po1 ex ?'hoj:<-'.'. with Vw":v;!;.'us-;!:''aa outline?! above, is just as necessary to the proper handling and economic reform in the cotton industry as air and wa fer arc t<> human life. This reform '. ? ? the endorsement of the manu Ta< tdrer and in fact, practically every ir?it!mate Hne of the cotton industry: and wiii meet with their cooperation. j The '.cotton -producer certainly feei? thai; 'N"ew Orleans is the logical point | to in?tftute this great reform and ean-j ? ot agree with the statement made in] Chicago" that the cotton producing I >-ec6ons of the South are tributary to: Chi oar go. """ ... . ': This change' will 'mean that fbr th'e j it'rsT??"rime cotton, with onh one*, com modity superior to it?gold?will take i;/'proper place: Th?- law of supply and: dei?and will mean active competition' from the various din?-s -of:-ihe eoiroh; industry -front. th< legiiiijmife ^p-c-; i;-. latOr and investor: l? means, that nbj longer will cottwif be the football of' the gambler. This change will remove the manipulator and parasite, as bin opportunity to operate will be re moved. The ? producer. , of course, had' n<< voice in the establishment of the ex change in New York in '$9; the South was then bankrupt. Conditions today are far different. They reoognixe the necessity of'those economic reforms; they are*. ready to cooperate and as sist in the same.' ''."hat will Now ^Vrt'-ans do? What will the various '?''ties of-the South do where there are exchanges'in operation? ^"hat will' '{he chambers ( f .'ommeree do? .'What v. ill tin- business men of the South do? Don't forget that not only the pro ducer and manufacturer, but; in fact, every legitir itc line of the cotton in dustry /Will be greatly benefited by this "hange. ? ' ' 7 "J: S. Wrirnamal-ter. President, American Cotton Ass'n. JEfetJSALEM British Architect Preparing the Plans London. Dec' 10.?Professor Pat rick .Geddes, town planner, who 'has in hand-projects for the improving of Jerusalem for the Zionist Organi zation aims tit ? making the changes v/it ho tit destroying the. historic and; romantic aspects of the ancient city, according to ji statement which he, has given to ih'e Zionist Pnllo'flh. Prof. Crddes.sia:<-s th'ift'bne' ql his tirsl tasks' will be' in conhectioii' with the Hebrew University, ahd' he hopes' to begin on that next year, utilizing buildings already erected. Research | laboratories for chemistry will-he a j feature "Of the Schbbl. t)r. WMimarin. the Zionist' leadel'V' who has been r<'ader m bio-cliehiidtly at Owen's College^ 'Hancheste'r. will be in charge of the research work. Prbfcssor Geddes says he hopes also t,? st?rt a Palestine museum and sug gests that nothing more of historical :ind archeological interest should go out of the" cotintrv'. Philadelphia. Jan. 7.'?Oroover p.erg' X)c>\i. orjA of two wfaltfiy brothers; sought fhrouh?out tlu' ocimtry for the; last two years, ac&ise'd <">f draft d?dg- i ing was arrested at his mother's home] H^re today, ?erg Doll was traced at, rarious ;im.-?c to Cuba, and Mexico. THE STATE SOL DIERS'MEMORIAL j Cotton Mill Officials Are Liberal Subscribers to the Fund _ ! I Columbia, Jan. 9.?In, memory of j their heroic operatives, thousands of j whom volunteered and were drafted into the armed service of the nation .?during the World War, and many of] I whom made the supreme sacrifice. ! textile managements of South Caro- ! lina are liberally subscribing to the ?400,000 fund for the erection of a! j memorial building commemorating i those South Carolinians participating ; : in the World War, according to the j headquarters of the South Carolina ! Memorial Commission in this city. The mill managements, according j to the commission, taking the initi i ative in this matter are> the Granite- ! j ville Manufacturing Company, of I [ Graniteville, the Langley Manufactur- j j ing Company, of Langley, and the j I Aiken Manufacturing Company, of j Lath;, which subscribed $600 between i them. $i"?? for each enterprise. AH j these corporations are in the "'Horse" vircLk' vailey, of _Aiken County, which1 i sent, many sons to the war. i The memorial commission said that ! it has information that many other j mill managements intend to liberally j subscribe to the "fund. Relative to the participation of mill j boys in the war. Commissioner Ha-r i ris, of the State Department of Ag riculture, Commerce and Industries j in his annual report to the General j Assembly, has the following to say: j **lri South Carolina 007,350 men j w?re examined for the draft. Of this ; number 239,000 were found fit for ! military service, a percentage of 77.8. j I am told that in the early days of i the war some were rejected because j of the literary test, rather than for j physical reasons: The average for 1 the United States was 78.6 per cent, j or 8 per cent above South Carolina's ! average. The highest in the United j States was Wyoming, where the phy sically fit averaged S7.2. Therefore, j in man power resources South Caro lina ranks high among the States. "It might surprise detractors of [ the South, especially those wlib fre ; qu'ently refer with great asperity to the domestic conditions in our mill . towns, to tell them that some of "the best fighting men of America went from the cotton mills of South Caro lina. They were boys who had grown up in tfio mill work. Far from being undernourished, undersized, or "un der" anything else, they were excei . lent soldiers and served faithfully and courageously on the Mexican border and in France. "Among the mill tonws that sent National Guard units into the service are Pelzcr. Williamstou, Anderson, .Olympia,' "Srookland, and the units from Foru Mill, K?>ck Hill, Union, Spartanbttrg and Greenville had a j large percentage of mill boys. I "That they discharged their duty j fully ,and honoraby is proved by the j ; fact that the First South Carolina Regiipcnt. more than 50 per cent, mill boys, did the heavy preparatory. : work which .resulted ins the breaking of .the Hi mien burg line, at Bellicourt and the freeing of Belgium from the - - - ? . '. - ' ? ? . To abort a col? and prevent com? j plications, take alotaLs The purified and refined calomel tablets that are nausealess, safe and sure. Medicinal virtuej retain ed9 and improved. Sold only in sealed package*.' Price 35c murderous grasp of the invader. That they, discharged their duty well is shown by the fact that in Flanders there are white crosses' over graves where cotton mill boys, heroes <atl, are asleep. There arc some mill boys who came home to get the most priz ed* decoration of the whole war?the Congressional -Medal of Honor, in ad : dition to numerous citations from -American and British officers and crosses from the French government. "Then there were the mill boys drafted into the 81st Division and into the numerous units* that went ; away. They made good soldiers, all t of them, and the service flags of the j mill towns at home had many stars, i occasionally one gold, but never a [star that was not bright in honor ! and courage." Marriage Licenses. Colored: Addison Bean and Beu i lah Harvey. Shiloh. ? ?'* ; ? D. Murray and Irene Mack, Wedge I field. Death. I Pisgah. Jan. 8.-?Mrs. James A. [ Gillis died at the home of her son, Mr. j J. L. Gillis on Wednesday afternoon j and was buried at Pisgah church on I Thursday at 3 p. m. in the presence * of a large sympathetic congregation who came to pay the last sad tribute to her memory. The funeral dis course was by Rev. M. M. Benson of Cam den and was one of the most beautiful and appropriate ever heard here. Mrs. (Jillis lived nearly all'her married life here and was noted for her kindness of heart and industry She leaves three children, two sons and a daughter, numerous relations and friends to mount that she had passed away, A Httle-'-oVer-a year ago her husband died and from then she gradually wore away. *?ll the end came. " " " ??? V. . ? J ?>m ' g qgngj-gggasgMgig If you have fayms or city property for sale, write us. We will I subdivide ?nd call vour property AT AUCTION quickly and pro stably for you. j , Nir.fy-Srjm Tknscxd Six Hundred and Eighty-Eight acres-of' Farm ? Land Ls?untirV?o^'cr FIVE MILLION DOLLARS sold in I -h^?ii^iit^^ Write for-booklet of ?nc!orsement5 and infor f^^^^^k - tr&??zi about our wak>*t- raeshqds.^;.? ??; * The National Bank of South Carolina of Suinter, S. C. Iiesonrces 32,2504)01 ? . .. , Strong and Progressive The Most Paiustakins SERVICE with COURTESY Give us the Pleasure of Serving YOU ??????????'?(???^* ..CG. ROWLAND, President f.arle rowland, Asst. Cashier n. Jj. arcoY w. y. yeadon NEIIX CBOJWELL President ,?_? - ^ ? - . f.-J^i-J; O. L> YATES. Gaafcter WELCOME 1920 We wish you a very success ful administration and hope your coming will bring Joy and Happiness to everybody in . whom, we are interested, and if you do, you will not miss many. The First National Bank S?MTER, S C?