Historical Newspapers of South Carolina

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City of Union and Suburbs Has TBI B~T I' T 'jff'.7 T IB If /""N Five Large Cotton Mills, One Knitting I B_B . J I H M B .jj^i * I I ^k / I J ' x\ M and Spinning Mill with Dye Plant, Oil fl fl Vi fl mil ? fl M / M ^4T Mill, Furniture Manufacturing and ]] ^ fl flM1; -M V| I ' i M V " command of" MootamN Lumber Yards, Female Seminary. J1 M m * JL * V^T JL * Jfl_ 1 J fl ^ f^S t * t,M| K|Vl,t,,r As soon ns it could bVv . ? . ~ . . : 'bis ,n> careful inspection und caltSv.. *an t ? istiod the buccaneer of the iiry. C>lerk of Court ????- . rrr_nip.' value of his prize. The lading o -- ox" galleon, consisting principally of ! VOL. LV. NO 8fl. UNION, SOUTH CAROLINA, FRIDAY, JUNE I), 1905. I win. A. Nichols* | Union, S< fl PAY INT m 1 ' l I Time Certifies ' \ ? E VETERANS OP '6: V \ THE BOYS OP '93. \S 7 BY T. A. EDGERTON. Ifcl ' ' A Q^b more our sorrow and ou love, Translated into bloom, Westrew in fragrant wreath above The soldier's silent tomb. The graves of both the old an< new .gr Alike we consecrate, The veterans of '62, . The boys of '98. Each offered up his little all That others might be free, Forgetting self, he heard the call To serve humanity. A prouder title none can claim Since this old world began, , The most beloved sons of fame Are those who die for man. One faced a fratricidal war To lift a bondman's yoke; The other on a foreign shore A tyrant's shackles broke. One battled that his native land Might still united be; One 'gainst oppression made his pfor>/l _??- -- - *_ . W h fought for liberty. What painter's brush can ever limn . . ' The hardships they endure? What pen or tongue can ever The blessings they secured? What marches weatwome uiey made m | W^t^ories^atwlilnever fade Were bv their valor won. Their country a triumphal arch, With its dear flag above, Two armies, bearing blossoms, march As volunteers of love. The one with feeble steps we view, The one with tread elate, The veterans of '62, , The boys of '98. .ENGINEERING A BULL CAMPAIGN BY HENRY IRVING DODGE. Speculation is two-fifths irre concilable facts and the restplaii guessing. If there were an; method by which operations i Wall Street could be reduced t .a certainty the "Street," usin the term symbolically rather tha geographically, would cease 1 exist. Even the great captaii of finance who are credited wil Othe control of the market ai as subject to its caprices as tl man who bets five dollars in tl bucket-shop. With the leaders it is a gre game of poker, each attemptii * *ii a new method witn every nc deal; each seeking: to cbnceal 1 own hand while endeavoring read that of his opponent. P and counter-plot mark the pn ress of the game. The seeki out of the enemy's strongho the extent of his resources, a; the scrutiny of his very pereality, are part of the businc The knowledge of the condit fr* of his health, even, is a pri factor. How much can he sfc physically and financially? H , lftbout his nerves and his ner These are questions that sugf j the opportune, the psycholog / moment, at which to strike. C When the captain of the g ! m & Son, Bankers, I outh Carolina, i J * ' EREST ON ites of Deposit. 2; has determined the play of the enemv nnri ? 1 ? ?- pxcparea plans for attack, when he is about to strike the decisive blow, a cloud burts on the Street from a T quarter that has been left unguarded. It may be war or rus mors of war, floods in the wheat belt that threaten traffic prosj pects, or the tightening of the purse-strings by some money ' giant. However the amazed j operator may theorize, the fact is sputtered forth by the jticker i . in a jargon of disaster-bearing clicks. Then the yellow and white slips come with "hit or miss" explanations; a dozen rea- ! sons are gfven, each one plausi- j ble, all inadequate. i riutii ,or SPECULATION. 1 When the speculative fever \ smjtes the country, nothing can j check it. It must run its course. Sometimes a movement of this j nature originates in a general . ' unrest?^.waving seems to ^ i ous, resulting in a plethora of money that can not be used. poesibly bad business may prompt v general gambling. It may 0 fest itself dunare at the s Soi?Q^nrein the mountains, or j, , infeekwoods of M_a,ne. Sud- , , 1 " aeniy tney ue^m tv i tvv-i?v. ?v? ^ vices from town that buying or- L ders are coming in. The market f grows. Expanding, it feeds upon itself, as it were, growing and feeding in direct ratio like a great snowball whose increas- i ing size and momentum are the < direct cause of each other. When the public's voracity has i been aroused and the standard securities have been devoured, accommodating operators rake out their old "cats and dogs" for . dessert. These the public bolts with indiscrimination, until some night it rolls uneasy in its sleep, . and awakes, for the small monitor voice within has sounded an alarm. It is bulging with a mass of undigested securities. The _ warning that has come to one individual by the same process has come to others, and they sell. y And now the big operator holds n the hat and into it receives a o mass of amazingly shrunken g "cats and dogs," which he puts away into safe, together with a bellows, and marks, "To be in30 dated and put out again when is the financial atmosphere becomes ih dense enough to float them " It rek often happens that when the great financiers are grinding, the public catches some grain that ie falls from between the stones. But it is liable to be badly rkin^Kpd when the grinding of M ?""" ? . - ^ 1R even legitimate grist is going on, as it was when Hill and Harri. man were fighting for control oJ 118 Northern Pacific, to The manufactured bull move lot ment is much more frequent thai w- the natural one, because it is th< * business of the operators an< Pf brokers to keep the pot boiling ld? and it is an established fact tha ye, the public only comes in on th on- bull side. It is started generall >ss by some clique and is a slow an ion OXP?118^ process. The publj appetite must be stimulated b ime artificial means. In order to g< md the press to notice the movemen [ow a great volume of trading ordei ve1 is sent to the exchange. The.' ' orders can be executed at tl Y rate of two dollars a hundr< leal shares, whereas the ordina commission to the outsider ame twelve and a half dollars a hu dred. Stocks are subject to mani lation to such an extent that outsider can rarely grasp mysteries of the deal. The o rator in this market may w< entirely under cover, thus 1 priving the public of any reas< able basis of calculation. It different with the great co modities, wheat, com, coffee, a cotton, the physical conditions which may be approximately < termined by a thorough systc of investigation. As a matt of fact some of*the great* speculative campaigns in histo have been operated in com mo* ties. This is because the techr cal details are easier for the ou sider to grasp. Suppose the ii dicated crop of American whet is four hundred million bushel Consumptive demand is five hui dred million bushels, and everj body had expected even more It is easy for the average specu lacor to see whv t.hp - o^Mutlup-forth why X. Y 'z 7W no^teI1 yoi stet'i?iehaed ^ give him a. head^3ieP^W^ ^?nliai for a leader?a man xvh!?1^0^*^ a market, who hS? knows his skill, daring- nervl maniPuIative and?monev' Tt^ I*lafimeti8m, for him to hp i 1S necessary jeiao^iiy, uUL ffan of wealth noney behind him wl ^ something of an pJ? m.Ust be !WSP 36 *e,]l 061118 a foaf." JJlii appreciation of the relalon of conditions to. values. To i?^-trraTlcrnbuy without rhyme r reason might or might not be uicidal?it would depend on nek?but it would not be sane. 2ven if he had resources which vould practically preclude failire such a course would be bad generalship. WHAT IS A CORNER? A campaign for higher prices is not necessarily an effort to corner a commodity. The word "corner" is recklessly used. It simply means an attempt to obtain more contracts for the delivery of a commodity than can be fulfilled. A corner is possible only when the "shorts"?those who have promised to deliver? have overestimated their ability to make good. P'or instance, a man has bought 3,000,000 bushels of corn for September delivery Those who have sold it don' own it, but have gone "short"made the promise to deliver th< corn merely on a bet that th market will go down, expectin] to buy back their contracts at price lower than the one at whic they sold them. However, th time of delivery arrives. Thre millions of bushels of com ha\ been sold; only 1,500,000 can t delivered. The sellers must bu back their promises from tl buyer at the best terms they cs make. This is a corner. Sue operations are rarely carried the full conclusion. The bul Set scared. There is always tl anger of the full amount of d ! liveries being made. f WASTE OP HUMAN LIPE IN AMERIC 1 BY DANIEL T. PIERCE. B i - Fifty-seven thousand, five hi dred lives are annually lost t the United States T>y "accide e and injuries." The census (B y letin 83) so classifies this nu d ber of deaths for the year 19 iC and all independent investigat y agree that this is an under, rat ^ than an overestimate, of average. The number of a< dents and injuries that do if result fatally is not given, i J? we can only guess at the to remembering that non-fatal T ways largely outnumber f 18 accidents, however a catastro n" may occur. Exact figures, however, a pu- not needed to prove that life the held at a cheap valuation in tl the United States. The death rol pe- of the .railroads, of industry i ark generaLand of disasters such t de- the Slofcunj steamer fire, the Ire on- quois Theater fire, and the nan is bers regularly burned to- death i m- the tenement fire traps of Ia>g nd cities, show ttoty killing humas of beings te le- life ln-lnis. cmffftrV. ^That "acci jm dents will happen," is tnn ,er enough; but it is only by verj ;st tortuous reasoning that most ol ry the deaths from "injuries" car li- be described as "accidental." ti- The Slocum disaster was not t- "accidental" any more than an i- outbreak of typhoid would be if it the **ater supply of a city were 3. allowed to become contaminated. i- The thousands killed, maimed, /- and injured on our railways, and in mihefe and factories every year i- are not the victims of4 'accident''; | f they suffer the effects of causes e which are well understood, and i the'Tefeults of which can be nicely i calculated before any "acci? dents" I whatever occur. Make I life-preservers of straw, operate \ only fifteen per cent of our railr ways by the block system, and av?Milrsafety appliances as much I as possible; make theater exists [ so smalj that panics in case of i fire are unavoidable; place workers sat\flangerous mnphi"*"' "JUS ^r-anTdelth j 1 There is nothing T'e I ^ This is whit ? fH^1 about ' /everyday anV?fk? .^n* done Q more *1 8"" , J o??ht to waste if S ' ?y nati?n tile word oivjliz'VL she,sto use r ts^fini_?t. S" ?3 aPplymg to , JatN Vs2f<>duW?> h^Jgfe *$??}$ lot any^Tionjwifch traffic aridI? trackage figures. The fact rp It] I mains, nevertheless, thqf. I lish railways carry twice as ttft*/?Jo] passengers as ours do in a year] e and kill and injure only one-tenth ^ as many of these passengers, q To put the case otherwise, our j railroads killed 10,000 people and injured 75,,000 last year. Eng- '< lish railroads in the same year k killed only 1,150 and injured 6,785. There is still another way of making the exhibit: One passenger in 2,316,648 is killed in the United States; one passenger in 8,461,309 is killed ; in Great Britain; one passenger I in 139,740 is injured in tne United States; one passenger in 470,848 1 is injured in Great Britain; one employee in 399 is killed in the United States; one employee in ' 916 is killed in Great Britain ; one ' employee in 26 is injured in the 5 United States; one employee in 116 is injured in Great Britain. At the very lowest valuation, these figures show that slaughter 3 and maiming by railways can be e reduced to a minimum. There j ? is no mystery in this. English a railways kill and injure only one h tenth (it is really one- twentieth e if the relative number of pas;e sengers is considered) as many e people as are killed and injured )e here simply because the English [y roads are equipped with safety ie devices and systems which our !{J roads are not compelled to adopt. On English roads all double j0 track has the block-signal syslls tern. On our roads only an inie significant percentage of double e" track is so equipped. On single track in Great Britain the "staff" or check system universally prevails, and engineers do not enter a section of road until they re ceive a check showing that th< section is clear. Head-on am rear-end collisions as a conse quence are practically unknown in- No such system and nothing, ai * i.l 4.U in experience snows, tnai. taivea m nts place of it, exists in this country >ul> Besides the block-signal an im- staff systems, interlocking si? 00, nals are much more generall ors used in Great Britain than in tt her United States. These prever the the giving of go-ahead signa ici- unless the track is clear. Gen< not rally speaking, English railwa and management leaves as little j tal, possible to individual capacity < al- faithfulness, while in the Unit* atal States the "human factor" pla; >phe . a very large part, and is respo | sible for a large percentage < is I P. M. FARR, President. ? I Merchants and P I Successfully Doing B el is the OLMCS.T Itac Z.' . .has a a*pit?t ap'l ?u I S 9 SI M?*7UoK per cc is tho only Hank in has JlurKlar-l'rt>of 1 3 mm |>ays raorq tAKes (tan ' | WE EARNESTLY SO accidents. It is not lack of knowledge o means to prevent accidents tha results in the yearly increase ii the railway death roll. It is un willingness to adopt means ol safety, the efficiency of which is well established?and expensive! f In the United States there are on an average six employees to every mile of track; in England there are twenty-six employees for each mile. English roads cost $13,500 a mile to operate; American roads spend only $5,800 a mile. To decrease railway casualties we need five things, according to expert opinion on this subject: (1) Universal adoption of the block-signal system or double track and the check system on ungle track. (2) Use of the interlocking iignal system, and of steel in;tf?nrl r\f 1 - 757 W "wwn cars. I More men anH >etent men in tho "lore comion of S"'and ,^tua ?Poraoadbed. d the uPkeep of , W .Preventi?n of ex<.ea3ive J railway-em- j govern ! So much fo*jp?r& an3 J ? ouj" railway^nds to en? t vfffducing proict.Ke r, he killing w/f^nmen. ?> s (K) people a yS waste t uggernaut oP. an" the means n -J^SedJMate, if we s SOMETHING ABOUT THE KU KLUX. BY W. H. H. BEVILL. Away back some thirty-five years ago there arose up a clan called the ku klux, and there were various superstitions as to where they came from. Some asserted that they came from a swamp in Georgia, others said they came out of a great cave in the mountains in Tennessee. Still others said that it was an upheval of the dead from the battle of Second Manassas; and indeed this last was the old negro woman's opinion. When one called her up one night and asked her for a drink of water, the old negrc handed him some in a gourd. He said, "Hand me the bucket," which she did. He took th< bucket and stretched out his neck about as long as Unci* Peter's gun barrel and drank i all, and this started the slang o the "rubber neck," for I do no remember of hearing that won used prior to that time. Afte he drank his water he cleared u his throat and told the old negr that was the first water he ha 1 drank since the Second Battle c ' Manassas, for he got killed ther and had just come back, l b old woman staggered back an ' said, "De iaw me, boss, hr - Gabel dun blowed his horn?" B 2 said, "No, not yet, for he w<' 1 only in the spirit." He the - turned his horse around and roe away, leaving the old woman 3 greater wonder and astonishme: e than she evet had been befor And as for my part, I do n d know where they first start f- from, but I do know that t'n y kept things quiet for a whi and I think done some good, a ?t at the same time they done soi is things that they ought to ha s- let alone. Now there were soi ty good men in that order, but th is carried it too far. But the wo or thing they done was, they tc id ! some of the meanest men ii ys their order that ever lived n- Union county or any other coui of ?men whose deeds were blacl - , milium, was probubly worth no from a million Spanish ilollam l ?- ; of clslit! This divbhil anions tin survivors of tin* original crow 11 *1 aiilmncc for oven tho inoanost < hoy. it was wealth such as they >t oven ilroamoil of. It was a r XT E ? of which hail sonrooly lanters National ii;1:'-1 ,w * - jiunouncoi usiness at ths "Old Stand." 1 ik in Union, rphis of $10 .(MA. S f An llnnk JpTTntnn. H ,? mount in?-fa|K00 40i\ B fit. Interest ? dopbelt*. Upton Inspected by ?n officer, 51 suit, and Safo with Time-Lock. B n ALL theT>ank8 in Union combtnvd. Bj tLICIT YOUR BUSINESS^ ! than the printer's ink, men who f i would go to old Scott's hounds t' and to old Scott himself and i belch up everything he knew and - seme things that he did not know f anything about. They a^. the ? ones that caused old Scott to ! send out his hounds and scour ) the country and jerk up old men, young men, boys and niggers 1 and crowd them into the jail j while they would prowl around j and look worse than a sheep kill! ing dog. If any of them are living today, the state ought not Ito claim them as her citizens, but I send them to the coast of Guinea J and let them stay with the | negroes where they belong. After they filled the jail they then took some to Columbia and had some form of a trial and sent some to Albany penitentiary and some died there. Myself and several others were arrested abou^ the first of February, 1872 and cast into prison for illicit distilling, and some got out on bond and aome did not, and about the 21st af March we started to Charleston Uo the United States court and when we' got there .u: suing was neeroes ahnnf wo o:r us i?o 8 fc!?ft^)wer, nyself and Bill Johnson, a negro hoemaker, together. When Bill affair3viato_the cell he struck a what to do but could J myself. But they did not keep us there only for about two hours until they gave us larger rooms. When our trials came off in April we got our sentences ranging from two months to twelve months. Uncle Jim Sinclair got the twelve, but he was the only one who had much life about him. When we were all tried they sent us back to Union to serve our sentences, and C. P. Scales and myself ought to claim the jail, for we were the first that were initiated or went up in a blanket. So if it had not been for those belchers, the very dogs of the devil, things would not have been as bad as they ' were. Sometimes I would not ; care a straw if there were some more ku klux, men of the right 1 pluck to take charge of the loaf5 ers, dress them nicely and make 2 them go to work. People need t their work, but because there is - i l_ 1 net big money in a litue worn t they won't do anything but loaf * around, steal something to get r on the chaingang to get a piece P of bread and bacon. The best 0 way is to strap off some and (* maybe the rest will take a modest 'f hint and get themselves a job e and go to work, then everybody at work times would be some d better. is m . m ies The Liberty Bell. le From the earliest times the in Philadelphia statehouse bell has nt been a symbol of patriotism. It e. sounded the repeal of the stamp ot act, and in 1766 it tolled forth ed I the closing of the port of Boston. ey It announced the first battle oi le, the American Revolution and the nd passage of the Declaration of Inne dependence, on which day, we ive are told, that the "great bell Tie rang all day and almost all night.'' iey It announced the surrender of rst Cornwallis and the establishment >ok of the constitution of the United ito States. It has given a hearty in welcome to foreign visitors and ity tolled the requiem of honored ker and respected dead.