The watchman and southron. (Sumter, S.C.) 1881-1930, January 07, 1922, Image 1
THE SOFTER WATCHMAN, Est
CONSOLIDATED AUG. 2,:
WASHINGTON
CONFERENCE
AT CRISIS
Charges of . Double
dealing by France
fend Japan Pressed
by Far Eastern Del
egates
Washington., J^an. 2 (By the As
sociated Press).?While practical
ly all the machinery of the arms
conference stood still over the New
Year's holiday, the unofficial dele
gation of the Far Eastern republic
took advantage of the lull* to press
their charges of a secret French
Japanese understanding. for per
petuation of Japanese control in
Siberia.
The Far Eastern delegates de
clared that proof of their charges,
already denied by both the French
and Japanese delegates, could be
obtained by examination of orig
inal documents in the archives of
the Far Eastern government at
Chita. They suggested that such
an inquiry be made by American
consular officials so that the re
sults might be known to the con
ference when it takes up consid
eration of Siberian' problems.
To emphasize the French public
denial made 3'esrerday, Albert Sar
raut. head of the French delega
tion, formally notified Secretary
Hughes, as chairman of the con
ference that - the charges were
wholly without foundation in fact.
The French government, M. Sar
raut said, in a written communi
cation to the conference head, had
entered into no commitments re
garding Siberia except those of
which the United States already
was aware.
In view of the French and Jap
anese repudiation of the charges
and the position of the Far East
ern . delegates as "outsiders" sent
to the confre*mce by an uhrecog*
nized government, the inclination
in many conference circles was not
to take the development very ser
iously. At the same time the ac
cusations attracted widespread at
tention and furnished a *eady topic
of discussion at a dull period, in the
conference negoitations,
. ?_. ? .JL,.
The navy experts' alotte- worked
through the holiday giving their
day as a study of the technical
details remaining to be settled in
connection with the naval limita
tion agreement. It was said their
deliberations were at such a stage
.tonight that all the loose ends of
the . settlement probably could be
cleared away within a few days.
If questions of policy raised by the
submarine regulation proposals can
be settled in time, the conference
leaders believe the five power treaty
for naval limitation can be put into
definite form during the present
week.
Tomorrow the naval experts will
continue their a-ork and the sub
committee appointed to formulate
a new tariff program for China also
will hold a meeting. Various other
naval and Far Eastern questions
will occupy the attention of the
other delegates in informal con
ferences.
Beganied as Troublesome
The question of proposed restric
tions.- on submarine warfare is re
garded by all delegations as the
most troublesome jot the naval
problems remaining unsolved. The
first of the Root submarine resolu
? tions, reaffirming adherence to the
existing principles of international
law, has already been accepted by
the five powers; but the second
and third, proposing still more
stringent restrictions on the use of
underwater craft, are leading to
much controversy.
Under the second resolution, the
five powers will Join in an agree
ment that in any future war among1
them submarines would not he
used in any circumstances as com
merce destroyers. The United
States and Great Britain alone have
aceded to this proposition, Japan
and Italy have adopted a non-^onv
mital attitude toward it. and the
French have shown some inclina
tion at least to propose modifica
tions before they can favor adop
tion .
As the resolution fust was pre
sented by Elihu Boot of the Ameri
can delegation it merely would
have proposed that the prohibition
a/r^inst submarine attacks on mer
chant shipping be suggested by the
powers as a modification of "inter
national law which all nations
would nave to accept before it be
came effective. At the instance of
Arthur .1. Balfour of the British
delegation, however, a provision
was inserted making the prohibi
tion Immediate as between the Uni
ted States, Great Britain, France.
Japan and Italy. In its original
form the French indicated the pro
posal would be acceptable to their
government but they said tonight
that they had received no instruc
tions from Paris regarding th*- re
solution as amended.
Should Not Be Armed
The delay is taken as strength
ening the possibility that France
may have qualifications of further
changes to suggest before she gives
assent. Among some of the French
there is a feeling that merchant
ships should not he permitted to
arm if they are to be free of sub
marine attack. In other quarters
it is proposed that some restric
tions should be placed upon the dis
guising of war vessels to make
ablished April, 1850.
1881._
TREATY I
TO LIMIT I
I NAVIES;
i -"
I Five Power ' Agree- j
ment For Limitation j
0of Naval Armament J
Almost Completed
I Washington, Jan. 4 (By the As
I socfated Press).?The live power
} naval limitation treaty, which will
I explicitly define th-'s agreements
i reached by the Washington oon
j ference, is nearing completion and
j soon will he ready for presentation
to each of the signatory powers for
j approval. When approved it will!
j be submitted to a special plenary j
j session of the conference for pub
I lie adoption.
In its present form the covenant
comprises a nunfher of sections, j
each treating with one a.spect of
the naval question* as it has come I
before the conference. It is., un-j
derstood they include the follow- J
ing:
1. (A) Agreement for scrapping
capital ships, detailing time periods
within which vessels must be ren
dered unfit for war service:
i (B) Agreement for eventual lim
itation of capital ship fleets under;
5-5-3-1.66-1.66 ratio.
(C) Agreement for limitation of
individual capital ships in size and
guns.
(D) Agreement on standard in
ternational unit for measurement
of tonnage.
Attached will be a replacement
chart setting forth dates of replace- j
j ment and dates of commissioning
of new ships.
2. (A) Agreement for limitation j
of individual aircraft carriers in j
size and guns.
(B) Agreement for limitation of!
individual auxiliary craft in size!
and guns.
3. Rules for use by aircraft of j
torpedo tubes.
4. Regulations fixing the status ,
of merchant vessels in war time
and covering their possible con
version into armed cruisers.
5. Regulations covering building
j in private yards of signatory pow
j ers. both on their own soil and by j
their nationals abroad, of warships!
destined for other powers, either j
of those signing the treaty or the!
non-sfgnatory powers.
6. Regulations for the use of
submarines.
7. Regulation broadly defining
conduct of signatory powers in case
of future wars, and especially in
cases of wars with non-signatory
powers.
8. Regulations defining the ex
act status of "refitting" a capital,
ship; whether installation of new i
and< later guns will be permitted,
for instance, or whether old guns
may only be rebored.
9. Agreement as to Pacific for
t tifieations. j
Big League Game
For Sumter!
_ I
i
Detroit and Rochester to i
Stage Exhibition Game On j
March 23rd With All
Stars in Game
_______
Walter K. Hapgood, representing j
the Rochester club of the Inter- |
j national league of baseball clubs |
was in Sumter today and made ar- ;
rangements with those interested j
here to stage a game of baseball j
in Sumter on Thursday, March !
23rd, between his club and the De- j
troit team of the American league, j
The contract stpiulates that Ty
Cobb. the leader of the Tigers, will
play and that Harry Heilmann,
champion batter of his league, will
also be in the gam?. Archdeacon,
. reputed to be the tatest man in
baseball, will be with the Roch
ester club in centerfield. It is ex
pected this game will draw a large j
crowd from here and surrounding
towns and cities and arrangements J
will be made to take care of the j
crowd.
? ? + i
Lost Arm On
Hunting Trip;
- i
Spokane, Wash., Jan. 5.?After,
losing his right arm in a hunting i
i accident II. .1. Jones, stopped the!
j blood and drove his automobile
j forty miles over a frozen road to a
j doctor.
BORDER TOWNS
WRECKED BY STORM
i Tulsa, Ok la.. Jan. 5.?Several j
I towns on the border of Oklahoma.:
j Kansas and Missovri were damaged
jyes'erday by a storm which made
many families homeless and in- [
j Jured several persons.
I them look like innocent merchant-j
: men.
! The third Root resolution, also
I pigeonholed while the foreign dele
Igations wait for instructions, would
(make subject to trial as a pirate!
j any submarine commander who'
(violates international law. Accep-1
'tanee of this proposal is regard'd !
,as hinging in some degree on the!
i final action taken regarding the
I second resolution, but it is hoped
[ that both may be disposed of be-i
I fore the end of the week so that
the substance of the decisions
reached can be ??mr>odied in the
naval limitation treaty.
'?Be Just and Fear
OFFICERS IN
LEAGUE WITH
BOOTLEGGERS
Former Prohibition
Agents Indicted by
New York Grand
Jury For Conspiracy
To Defraud
New York. Jan 4.?A Bombshell
was exploded today in New York
federal prohibition headquarters.
Breaking: of the seals on a secret
indictment returned some weeks
ago by the federal grand jury in
vestigating the enforcement of the
Volstead act in this city revealed
rhe fact that Harold L. Hart, a
prominent Binghampton attorney,
who formerly served as federal pro
hibition director of the state of
Xew York, headed the list of a
score of defendants, charged with
conspiracy to defraud the govern
ment through liquor withdrawals.
Immediately public attention, fo
cused on poiso . >puor consumed
during the holiaa.vs, which today
claimed its 19th victim, switched
to the flood of real alcoholic which
were alleged to have been loosed
through putative fake drug con
cern's.
Indicted with Hart were two oth
er high enforcement officials, three
politicians and a number of the
"drug" concerns and their officers.
The list of defendants included:
Thomas Deedy, formerly allied i
with the postoffice department and
department of justice and who la
ter served as Hart's assistant be
fore the latter's resignation last
fall.
McHale J. Lynch, a clerk in
Hart's office, with a key to the
cabinet containing the serially num
bered withdrawal permits.
William A. Orr, private secretary
to Charles S. Whitman, when the
latter occupied the gubernatorial
chair and now engaged in the
insurance business.
Owen B. Murphy, treasurer cf
the Bronx county Democratic com
mittee.
Thomas F. Duffy, Bronx politi
cian.
The indictment, returned after
an investigation of several months,
following complaints of lax en
forcement of the Volstead act.
and frequent shifts in federal pro
hibition headquarters. When
Federal Judge Knox ordered the
seals broken, it was found that
the defendants had been charged
with defrauding the government
by issuing false and fraudulent
withdrawal permits, whereby li
liquor exceeding vastly the
amounts allowed any one defend
ant for the compounding of drugs
had been withdrawn. The offense,
alleged to have involved wholesale
quantities of liquor, ranks with a
felony and, upon conviction, the
defendants would face three year
prison terms.
Orr. Lynch and Duffy appeared
before Federal Judge Knox late to
day and entering tentative pleas
of not guilty were released in 55,
?00 bail reach.
Counsel also entered "Ot guilty
pleas for the drug companies in
dicted.
Judge Knox granted a post
ponement until tomorrow in the
arraignment of Reedy, Murphy and
former Director Hart.
Correspondent Kid
napped in Dublin
Representative of London
Thnw Spirited Away
Dublin, Jan. 5.?A. B. Kay, the
London Times correspondent was
kidnapped by three armed men
and spirited away. The other cor
respondents have united in de
manding his release.
Soldier Says He Saw
Twelve Hanged
Washington. Jan. ?Testifying
before the senate committee that is
investigating soldier hangings in
France, Herbert L. Cadenhead, of
Mississippi, said he saw ten or
twelve hangings, hut did not know
whether they had been tried. He
said one of those hanged was a
lieutenant charged with attacking
a girl aged seven.
Horace Cook?* and Claude Bree
don. of Covington, Va., Osborae
Ellison, of Pulaski, Va.. Lee Col
lins, of Dublin, Va., and William J.
Eskew, of Pulaski, testified they
knew nothing about Major Opie, of
Staunton shooting soldiers in
France. Lemuel O. Smith, of Dub
lin, who has been in an insane in
stitution, testified he saw Opie
shoot ;i soldier named William
Woolwine ami named foreign men
to substantiate the charges.
Russia Facing
Year of Horror
Moscow, Jan. .">.? Russia is fac
ia:; a year of unspeakable horror
with bread corps only slightly bet
ter to relieve the terrible famin?'.
American relief workers estimate
that five million have died this
winter :iri(l the number may reach
ten million. Frozen bodies of ty
plus famine victims are pile/u high
awaiting burial. Several American
relief workers have died and others
are sick. f
? -
Not?Let all the ends Thou Aims't a
Sumter, S. C, Saturda;
LEROY SPRINGS!
MAKES CHARGES:
AGAINST JONES
_ j.
Sensational Develop- j
ments in Receiver-;
ship Proceedings;
Against Lancaster j
Mercantile Co.
_ i
(Staff Correspondent, The State) j
(
Lancaster, Jan. 3. ? Another j
chapter in the Lancaster Mercan-I
tile company-Charles D. Jones af- J
fair was written here this afternoon j
when attorneys representing the]
Jones interests in the action agreed
j to the appointment of a receiver!
for the Lancaster Mercantile com-j
puny and Judge Ernest Moore, who [
was presiding, asked that names of
I distinterested men he suhmitted to
him so that a selection could be
made. These names will be sub
mitted 10 Judge Moore next Fri- j
day at 3 o'clock at which time it |
fs likely that a receiver will be ap
pointed.
The action today, looking to the
appointment"of a receiver for the
company, whose capital stock of
$100,000, comes as a culmination
to a series of actions in which nu
merous charges have; been made j
and to one physical encounter,
which took place in the offices of
the Lancaster Mercantile company.
The various actions taken by
men who stand high in the business
and social life, of the community
in which they live and in the state
have attracted much attention and
the proceedings in the court room
today, even though consisting large
ly of legal sparring and the citing!
of legal authorities on various j
points, were followed by a crowd j
which practically filled the room.
The stock of the Lancaster Mer-;
cantile company is owned by Leroy!
Springs, J. T. Stevens and C. I D.;
Jones, with 250 shares in dispute. |
The controlling interest in the com- j
pany is owned by Springs and i
Stevens. The Catawba Fertilizer!
company, ir\ which J. T. Stevens!
and Leroy Springs are said to be
interested, recently moved that a
receiver be appointed for the Lan*
caster Mercantile company, C. Di
Jones, through nis attorneys, inter-*;
vened, and gave notice that a mo-!
tion would be made for an order!
granting leave to Mr. Jones to have!
the books and records of the Lan- |
caster Mercantile company audit-1
ed, holding that some of the notes I
consuming a par' of the indebted-|
ness of the mercantile company!
had been endorsed by Springs, j
Stevens and Jones and that for that i
reason they should be made par- j
lies to the proceedings, and also;
holding that when he, Mr. Jones.:
made an effort to examine the;
nooks of the mercantile company;
he was expelled by force from the j
office of the company.
Attorneys for Jenes, in arguing I
that Jones, as a stockholder in the!
mercantile company, should be!
made a party to the suit, held-'
I that his interests were in jeopardy.!
It was argued that a few months 1
ago the stock of the mercantile
company was far above par in
value, and that the company was
not now insolvent unless made so
deliberately through collusion and j
fraud. It was further argued that'
the other stockholders in the mer- j
cantile company were so hostile to j
Jones that they would not protect!
his interests. It was argued that
Jones wanted to intervene and to!
ask for the appointment of a re-1
ceiver for his own protection, hold-!
ing that he was not represented, ?
as the governing body of the mer-i
cantile company was hostile to;
him.
Attorneys for the Springs-Stev- [
ens interests held that no grounds j
for the charge of fraud had been j
alleged and that the receiver., as a.
part of the court, would give Mr. J
Jones protection. It was held that
the notes on which charges of]
fraud might be made were made:
before Mr. Jones retired from the j
presidency of the mercantile com-1
pany. Xumerous authorities were j
cited by the attorneys to strength-1
en the various points raised, and;
the judge announced that he would I
take the matter of intervention un- j
der advisement and render a de- \
rision later.
After the intervention motion
had been disposed of, the matter of
the appointment of a receiver was j
taken up. The attorneys for Mr. j
Jones withdraw objections to the i
appointment, holding that they do-j
sired a receiver appointed, not.
they said, because of the insol
vency of the mercantile company!
but because of the antagonism of j
the controlling body. In this con-:
nection numerous affidavits were j
read by attorneys of both parties..'
Join-s presented affidavits from I
Todd ?v McColIough, public ac
countants, in which they said that
fin December :.'!? they had gone to
the offices of the mercantile com-:
pany to make an audit of the
books for Mr. Jones, and that they
were invited into a side room I
which contained no books. Mr. I
Jones demanded the honks and!
was told, according to the attid::-.
\it. thai the hooks would he fur-!
nisbed him as he called for them.,
Mr. Jones, according to the atfi- J
davit, started to the office where
the records of the corporation were
kepi, and the physical encounter
occurred. <'. D. .tones suhmitted
:i somewhat similar affidavit in
which he told of the \isit to the
office and the refusal to submit to
t be thy Couniry's. Thy God's and
r, January 7, 1922
BURIED WITH !
ROPE AROUND
THEIR NECKS
_ i
Gruesome Testimony |
Brought Out inj
Hearing: Before the!
Senate Committee |
?
Washington, Jan. 4?A service!
employee, who prepared bodies ofj
American soldiers lor shipment j
from France told the senate com- j
rnittee that on three, of th? bod- |
ies disinterred he found a rope!
around the neck and a black cap i
over each face. He said the bodies j
were those of two negroes and one j
white man. They were identified |
by a cross on the outside of the :
coffins and that the. black caps were I
not re-moved before shipment to j
the United States.
Major Opie, of Staunton, Va., j
commander of the third battalion i
of the one hundred and sixteenth j
infantry, was present with counsel j
to enter a formal denial of the!
charges made by Henry L. Scott, I
Ohio, that he shot and killed two I
soldiers in France.
Deserting Sink
_ing Ship!
Washington. Jan. 4?Postmaster j
General Hays said he had not do- j
cided whether to leave the cabinet
and accept a position with the rnov- j
ing picture industry.
? ? ?
Home Brew Still
Killed Two
Cairo, HI., Dec. 4?Marie Hogan.
aged seventeen, and Gladys Hogan,
aged nine, were burned to death
last night when their home caught;
lire. The police claim the fire was
caused from the explosion of a
home brew still.
Road Foreman Dies j
Greenville, Jan. 3?A. Macy, road i
construction foreman, who was
shot, it is alleged, by Calhoun Ware I
at the construction camp in An- j
derson county last Thursday, died
tonight at a local hospital as a re- j
suit of his wound. The negro is j
being held at the Anderson county]
jail. An inquest will be held to- j
morrow at Anderson.
him certain papers which he re- j
quested.
II. It. Rice, secretary of the mer- i
cantile company, submitted an affi
davit in which he told of the visit i
of Mr. Jones to the orlices of the |
company, saying that C. D. Jones j
was accompanied by Ira B. Jones ;
and Ira B. Jones, Jr., and others.!
lie said Mr. Jones was asked to!
name the books he wanted, saying!
that they would be given him. He!
said Mr. Jones asked for certain
books and then asked for a pack
age which contained stock certifi
cates which had formerly belong
ed to the L. C. Lazenhy estate. Mr.
Jones was told that this stock was
treasurer stock. The affidavit fur- j
iher set forth that soon after Mr. j
Jones said he was going into thej
vaUlt where he would have access j
to all the books he wanted, the per- j
sonal encounter followed in which
several blows were passed. It was!
held that the mercantile company j
did not refuse Mr. Jone? the right;
to make an audit but that it would I
submit the hooks as they were
called for. Various other afllda- j
Vits in which the details of the en- j
counter were given, were submit-:
ted.
I.eroy Springs, in a lengthy affi- .
davit in which he gave the history!
of the Lancaster Mercantile com- j
party, said that C. D. Jones paid \
$200 per share for 250 shares ofj
stock, and that after paying for his {
stock out of the properties fur
nished by him drew out of the con
cern $51,000 in cash. It was sett
forth that Jones had drawn sala- j
ries to the amount of $25,300 since;
November, 1917, and that outstand
ing unpaid accounts against Mr.
Jones and members of his family, I
employees and his corporations
were more than $.".1,000. It was
further affirmed in the affidavit
that Mr. Jones improperly con
verted to his own use and applied
to the building of his residence!
approximately $30,000 from the!
company and that he executed and j
delivered to his lather a mortgage i
on this building in the sum of
$20,615. It was further affirmed,
that lie fradulently converted to j
his own use at various times va
rious sums, the property of the:
mercantilec ompany, approximat- .
ing $3?,C?(?0, '"for which he has j
been arrested under live separate
warrants charging violation of the i
criminal laws of the state."
It was further affirmed by Mr,
Springs that neither one of the
other two stockholders have re
c? ived any dividends or drawn any- !
thing out of the busines?. "In- '
stead of drawing out anything the
other two stockholders have ecu- i
tribtited their credit ami indorse-;
nienf. whic h wen essential and J
necessarj to keep tin- business on
its feet,*' says the affidavit.
It was also affirmed in Mr.
Spring's affidavit .hat in the im-j
provement of his home. Mr. Jones!
had used the teams and appli-j
anees of the. mercantile company;
and that lie had used large quan
tities of coal in Iiis home from the
supplies of the company without
making charges against himself tor
the supplies. I
Truth's."
CHICAGO
ESCAPES
BANK_PANIC
Clearing House Comes
to Rescue of Two
Big Institutions
That Were Insol
vent
Chicago, Jan. 2.?Two Chicago
hanks with resources of more than
$S5t00Ot0.0.0 were, sold tonight after
the Chicago Clearing House com
mittee had conducted an examina
tion and found their assets ha"d
been impaired by bad loans and in
vestments.
Chicago. Jan. 2.?The Continen
tal and Commerce. National Bank
and the Continental and Commer
cial Trust and Savings Bank to
night announced they had taken
over the Fort Dearborn National
Bank and the Fort Dearborn Trust
and Savings Bank. George M.
Reynolds, president, said the Con
tinental and Commercial institu
tions guaranteed all deposits in
the Fort Dearborn Rank.
The statement was followed by
an announcement from the Clear
ing house committee that it had
investigated the condition of two
other banks in Chicago in which
William A. Tilden, president of the
Fort Dearborn Bank, is interested,
and found them sound.
The Fort Dearborn National
Bank had deposits of $51,124,749.
Sti on September G, 1921, the date
of the last national bank call, and
total resources of $75,Hi!),070.44.
The Fort Dearborn Trust and Sav
ings Bank have resources of $10,
li6,386.3i) and deposits of $9,
0O1.O?6.76.
After two days' negotiations the
Fort Dearborn National Bank and
the Fort Dearborn Trust and Sav
ings Bank were purchased by the
Continental and Commercial Na
tional Bank and Continental and
Commercial Trust and Savings
Bank. Members of the clearing
house committee pooled guarantees
totaling $2,500.000 to protect de
positors against any loss.
? ? ?
Hungarian Royalists
Renew Agitation
Budapest, Jan. 3.?Activity is re
ported to be increasing among
the royalists supporters of former
Emperor Charles. The party has
reorganized and adopted a plat
form demanding that only a native
Hungarian king be elected to the
throne. Efforts are being made
for Charles to leave Maderia and
settle in Italy.
Bandits Defeat Police
Binghampton, N. Y., Jan. 3.?
Five bandits escaped today from
the police station where they
were held after arrest for having
stolen an automobile. They escap
ed in the machine after a battle
with the police.
BAPTIST CHURCH
CREW GREATLY
LAST YEAR
Nashville, Jan. :?? During the
last year 250.814 baptisms were ad
ministered in white Baptist church
es of the south, which is the larg
est in the history of the denomina
tion the committee reports.
YO?NGSTOWN POLICE
PUT ON WATERWAGON
roungstown, Jan. 3?Mayor Oles
who was elected on the platform to
fire the whole police department
if they didn't obey orders, assumed
office today, and issued the warning
to the police, "One drink and you're
tired."
MRS. STILLMAN HUNT
ING DIVORCE EVIDENCE
Three Rivers, Quebec, Jan. 3 ?
Mrs. Anne t'. Su'llman. who is be
ing sued for divorce by her mil
lionaire husband, hu^ arrived here
on her way to the Stillman sumn
home where she and her lawyers
will interview witnesses.
BANDITS ROR
DRUG STORE
1 cs Angeles, Jan. 2.?Three ban
dits armed with sawed off shot
guns held up collectors in a drug
store here today and escaped in
an automobile with ten thousand
dolla rs.
FRANCE MUST PAY
OR MUST DISARM
Washington. .Tan. Represen
tative Reavis. Republican, of Ne
braska, has introduced a resolu
tion directing the administration to
demand payment Ivy France of
money loaned by the I'nited States
during the war as France has in
dicated their Intention <?*' spending
largi sums t?n increased naval arm
ament.
OTOOLLE IS MINISTER
TO PARAGUAY
Washington. Jan. 3? William J.
(j'Toolle, of West Virginia, has been
nominated a^ minister to Paraguay.
THE TRUE SOr
BETTER TIMES
i FORECAST BY
! RESERVE BOARD
! -
I December Review of
Economic Situation
Gives Ground For
Hope of Return of
Normal Conditions
I Washington, Jan. 2.?Continued
j upward movement of hnstn??? and
1 the gradual restoration of normal
j conditions are indicated in the
i comparison of reports for last
; month with those of the corre
sponding month o*: 1920, according
i to the December review of the eco
f nomic situation issued tonight by
j the federal reserve board,
i Xef improvement was found by
j the board despite the recession of
j business activity in December as
j compared with the same month
last year,
i "The holiday trade," the board
! said, "is a test of the soundness
i of preceiding business activity. Re
! ports from the various reserve dis
: tricts covering over half of the
i month show that this year's de
! mand in the Eastern districts has
? registered an increase running as
! high as 10 per cent.-of that of '020,
j while in other districts the situa
; tion is pronounced satisfactory."
j Manufacturing conditions, how
'? ever, the hoard reported as fa".
; from uniform, there being a de
j crease of activity in the iron and
j steel industry while textiles showed
j little change from previous months
j and uncertainty exists as to the fu
! ture of the clothing industry, due
I to labor disturbances and the con
j tinued demand of consumers for
I lower prices.
j "Freight rates," the board said,
I "continue as a disturbing factor
I due to the belief that reductions
j already announced as affecting
! some commodities may be much
i more widely extended in the near
{ future."
' Relatively lower prices for ce
J reals and cotton, the board con
; tinued, had discouraged trade in
j the agricultural districts and also
j had resulted in retarding the pro
j cess of liquidating frozen loans,
j Hardware and related lines also
I were said to be in an unsatisfactory
[ condition, but wholesale prices
i "are showing increased stability."
i Unemployment conditions were re
i ported by the board as but UUia
j changed.
j "A decided improvement In Eu
i ropean exchanges," the board said,
j "has tended to some extent to help
; the foreign trade situation during
j the month of December but the ex
I treme caution in the extension of
j hank credits which was previously
I so noticeable a phase of our foreign
?trade still continued. Export fig
I ures indicate a itill further de
j cline of activity in staples, while
i imports show an advance.
I "Disturbed conditions in various
j countries of Europe still render a
j maintenance of business relations
i with them uncertain and haz
! ?rdous."
Reviewing the year in the ship
? ping industry the board declared
i that the "industry has been through
! a most difficult period, in which
I many of the weaker operators
! have been forced out of business,
[and in which reduced freight
j rates have resulted in smaller avail
| able cargoes and continued high
j costs of operations. This condi
I tion has been world wide, although
j American companies have felt in
J special degree the handicap of a
! higher scale of wages than their
1 foreign competitors have been
obliged to pay."
? ? ? 4*
Associate Justice
In Hospital
Columbia. Jan. 3.?Associate Jus
tice R. C. Watts, of I^aurens, under
went an operation at the Baptist
hospital in Columbia today for a
serious kidney trouble, and this af
ternoon his physicians state that
he is in a grave condition. His
case is not hopeless, they say, but
he is critically ill. The Associate
Justice was brought to Columbia
kite Monday by his physicians,
lie was taken ill in Laurens early
Monday.
France Denies
Secret Pact
Paris. Jan. 3?The French for
eign office today formally denied
the alleged Franco-Japanese un
derstanding, regarding Siberian oe
cu pat ion.
Minister Appointed
By Hungary
Budapest. Jan 3.?Count Laszlo
Szechonyi. the husband of former
(Iladys Y'anderhilt. has been ap
pointed Hungarian minister to the
United Smtes.
Bank State
ment Called
Washington. Jan. .">.?The comp
troller oi' tlie currency has issued
a call for a report on the condi
tion of ;ill national banks at the
close of business December olst.
Belfast. Jan. :)?Cardinal Logue.
primate of Ireland, asked his con
gregation to pray to be saved from
such ;? misfortune as the rejection
of the Ansrlo-lrish treaty.
THRON, Establishod .Tone 1, 1S86.
VOL. LH. NO. 42
COTTON
FREIGHT
REDUCED
Railroad Commission
Puts New Low Rate
into Effect as of
January 1st on Both
Intra-State and In
ter-State Shipments
Columbia. Jan. 3.?Additional
reductions in freight rates on cot
ton vrere announced by the South
Carolina Railroad Commission to
day. The new rates are effective
from January 1 and are a cent or
two per hundred pounds lower
than the low rato ordered by the
railroad commission last fall. The
new rates were voluntarily submit
ted by the railroads operating in
the state and are put in for a pe
riod of six months as a trial. The
new rate, for example, for ship
ments five miles or less is IS cents
per hundred pounds, as compared
with the December rate of la cents
per hundred, which itself was a
reduction of several cerTts under
the rate effective several mrnths
ago. From this the new schedule
graduates up to sixty-nine and a
half cents per hundred for ship
ments of three hundred miles, as
compared with ths December rate
of seventy.one aud a half cents for
shipments over thref hundred
miles. The new rates are tShe
same as the railroad eommission's
low rate of the past few months.
These new rates are effe.tive for
the Carolinas, Georgia ^.td Ala
bama and are both interstate and
intra-state.
Florence Farmer
Slain by Tenant
D. Hiram Munn Dies Soon:
After Shooting
Florence, Jan. 2.?D. Hiram
Munn, farmer and business man of
Florence, died in a hospital here
early this afternoon. Munn was
shot in the shoulder with a shot
gun by H, A.. Quick, a _ tenant.
Quick has surrendered and is in
jail here.
It is alleged that Mann and
Quick were having an accounting,
of the year's work and that a dis
pute arose over certain farm uten
sils. Disagreement over the dis
position of some cotton had been
settled* it is said, on Saturday
through legal proceedings. Reports
of the actual shooting differ widely
and the facts will not be known
until the coroner's inquest, which
will be held tomorrow i ion ing.
Quick alleges that Munn was
about to attack him wi.h an axe
when he fired the fatal shot. It
is said that eye witnesses who had
not been subpoenaed ten is hi might
tell a different story.
Munn was married ar 1 I -aves a
wife and one daughter, sirs. James
R. Schipman, wife of an Atlantic
Coast Line dispatcher here. Two
brothers also survive him, A. A.
Munn of Pamplico and C&COEgfe
Munn of this city. The dead man
was well known throughout this
section. He has been candidate for
sheriff twice.
CONFEDERATE
VETERAN DIES AT
MEMPHIS
Memphis, Tenn.. Jan. 3.?Maj.
G. W. McRae, a native of Warren
ton. Va.. a Confederate soldier,
banker and philanthropist, died
here today, aged S3.
HIGHWAYMEN
SHOOT COLLECTOR
Spartanburg, Jan. 2.?J. Edward
Whisonant. collector for Willard's
real estate agency, was shot twice
j by two unidentified negroes who
I atempted to hold him up and rob
I him early this morning on Brus.i
street. Mr. Whisonant was carried
to the New General hospital, where
an X-ray was used to as. . ttain the
extent of his wounds.
One bullet entered Mr. Whiso
uant's left arm. The other bullet
struck the left side of the abdomen,
but physicians were unable to de
i termine on hasty examination
i whether this bullet penetrated any
J of the abdominal organs. It is be
j lieved that this bullet penetrated
only a short distance below the
J skin, and then glanced outward,
inflicting a painful but not neces
sarily serious wound. It is this
bullet that necessitated the X-ray
examination at the hospital, the
result of which has not bem an
nount ed.
BALFOUR AND HUGHES
TO MEDIATE BY CHINA
Washiruton. Jan. 3.? It is re
port that Arthur J. Ralfour and
Secretary Hughes have been asi?vd
by the Chinese to mediate m *he
deadlock with the Japanese over
Shantung
FI ETCHER MADE ?EL
GIUM AMBASSADOR
Washington, Jan 2.?Henry P.
Fletcher, under secretary of state,
has been nominated as ambassador
to Belgium.