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DEESSES, COATS, SKIRTS AND WAISTS
Twenty-five Dresses in Tricotine and Serge for only
Ladies' and Children's Coats at
Ladies' $15 Skirts in plaids and solid colors for only $9.50
Big Cut on Ladies' Waists in Crepe de Chine and Georgette
AU Crepe de Chine and Georgette that sold (f>A c\A
for $8?0 per yard now ...... . q>A^^
One special lot of men's suits, strictly wool, well tailored,
prices up to $40.00 for.. . $19.50
One lot of young men's suits for only .... $24.50
Men's Conservative suits that sold for $65 now . $29.50
AU boys' suite for ... ..$6.95
All Silk and Taffeta now selling
hythe yard for . . . , . .
TO EVERY, CUSTOMER ONE
50c. BOX OF STATIONERY
NEXT DOOR TO THE FARMERS BANK
EDGEFIELD. SOUTH CAROLINA
The Cause of Business De
* Governor George J. Seay of th
Federal Reserve Bank of Richmon
is sending to member banks in pan
phlet form a copy of his" letter c
October 8 to the Manufacturers Rc
cord, in the course of which he said
"The facts expressed in these fig
ures are a complete repudiation o
those charges that there has bee
'credit curtailment' or 'dominatio:
over' either Federal Reserve Bank
or member banks 'which force<
banks to curtail credit.'
That amazing statement shouli
have been withdrawn by Govemo
Seay before this. It is incomprehen
sible to intelligent men that he shouh
have issued it.
In circular-letter No. 94, issued 01
December 20, 1919, to all membe:
banks, the Federal Reserve Bank o:
"Our present task, therefore is tc
proceed with the deflation of credit*
as rapidly and as systematically ai
On April 26 circular-letter No. 9?
to member banks said:
"It is recognized function of the
Federal Reserve System to exercise
control over the volume of credil
"It is recognized to be unsafe tc
go further with commodity prices at
such a dangerous height.
"If all the. banks in this district
will earnestly and conscientiously en
deavor to limit credits to necessary
activities for production purposes,
insist that the burden of carrying
loans on Government securities shall
be gradually assumed by subscribers,
The circular letter of June 21 said
"Immediately upon the passage of
the amendment we issued our cir
cular No. 95, in which we expressed
the belief that if all banks in this
district would earnestly and con
scientiously endeavor to limit cred
"We have sent out information in
tended to enable all member banks,
and particularly those borrowing
rather heavily from us, to cooperate
with us intelligently for the conser
vation of credit."
On August 24 the circular-letter
"We had been conducting a cam
paign for th? conservation of cred
it for more than a year.
"If we can all pull together, how
ever, for a while longer and continue
to exercise the greatest possible care
in the granting of further credits,
On September 23 the circular-let
ter to member banks said:
"It is in our opinion more impor
tant than ever that great conserva
tion should be used in granting of
We regret that space forbids using
these statements in full, but they
will all be found in our issue of Oc
The inevitable result has come. It
was foreseen from the beginning by
every intelligent man who cared to
study the situation. Every plant that
is forced to close, even temporarily;
every laborer now looking for a job
because of a shutdown; every de
crease in wages; every dollar of the
$7,000,000,000 to $8,000,000,
000 wiped out in the value of farm
products is a testimony to the unwise
effort of the Federal Reserve Board
to break down prices. And all of this
because the Federal Reserve Board,
with narrow- vision and financial in
competence, struck at the credit sit
uation and wrecked tho country's
In this connection it is not inap
propriate io quote the statement
made on September 27 in Bulletin
No. 2, issued by the First Federal
Froeign Banking Association of New
York, which said:
"Under authority of the League of
Nations a propaganda of internation
al deflation has been launched."
The foregoing we think will fur
nish the readers of this paper with
the reason why cotton has fallen ten
or twelve cents per pound in price in
the last ninety days, why the goods
of our merchants are on the shelves,
why men "loaf" in their own stores
where they might otherwise be busy,
why the farmers, after performing
their labor, are denied the just com
pensation which other laborers re
ceived in the beginning of the year,
why people over this section of the
country are in reality in want, and
why the conditions which# surround
us are harder to bear than the con
ditions in 1907, 1914, or at any other
No wonder the American people in
the recent election revolted, and
kicked out the powers which make
these conditions possible. If the re
publicans when they come into pow
er next March cannot make condi
tions better, they certainly will not
make them worse, unless all the lands
property and other passessions of the
people are bodily confiscated. The
Federal Reserve Board actively back
ed by the treasury department at
Washington has gone as far in this
direction as it is humanly possible to
gb. Let us hope that at least some
relief will come to the suffering peo
ple of the South from the party
which it has so long despised, and
that some of the incompetence which
is cursing the country may be gotten
rid of. Let us hope that we shall get
reid of those agencies which first
rob us ,and then try to cover their ill
deeds by denying that \hey commit
them.-Press and Banner.
If it ii a Bilious Attack.
Take three of Chamberlain's Tab
lets and a quick recovery is certain.
LOST: In Edgefield a gold bar pin
on October 16. Finder leave at the
g COUGHS OR COLDS g
? - N ?
? Neglected colds often lead' to. ?
g influenza, pneumonia and other ?
5 serious complications. g
g For years the essential ingredi- ?
g ents horehound, mullein and tar g
? have been used successfully as an a
? immediate check to coughs and g
? colds. g
g These three ingredients have g
? been combined with a few other g
? helpful ones to make the cele- ?
? brated g
g MURRAY'S HOREHOUND, MUL- g
LEIN AND TAR.
? lt is pleasing to the taste and ?
g relief is immediate. g
? Your druggist will supply you, ?
g and will refund your money if g
? you are not pleased with results. ?
g For treating influenza we rec- g
? ommend Dr. Hilton's Life for ?
? the Liver and Kidneys in con- ?
g junction with Murray's Hore- g
? hound, Mullein and Tar. ?
S Manufactured by S
? Murray Drug Company ?
? COLUMBIA, S. C. g
au. c. v FAT. zn.
ca.-AI., it. AICO-V.
Fer Carlin cf ila.
STOMACH id BOWELS
etta te a teg*
rm osuno? ?sat
m if - r" "
ROCK HILL. 5. C
For loans an real estate. See
CLAUD T. BURNETT,
Over store of W. W. Adams & Co.
We are giving 10 per cent discount on all Kero
Gas Oil Cook Stoves, Wood Stoves and Ranges. Now
is the time to buy and save money.
Bicycles Going at a Bargain : f
$40.00 Bicycles selling for $30.00
$50.00 Bicycles selling for $35.00
We ? ?ering Parker and Winchester Guns at
10 per cent discount. The hunting season has just;
fairly opened. Get a good gun for your own use.
We have a large line of Winchester Rifles that we
are also selling at 10 per cent discount.
We carry a full line of loaded shells of all kinds
and can also issue you a hunter's license. Come in
to see us.
See Our Big Line of Heating Stoves for
Wood and Coal .
STEWART & KERNAGHAN