Newspaper Page Text
THE COTTON SITUATION. Will The Present High Price React Sooner or Later, On The Cotton In dustry Of The South? Augusta Chronicle. Is the South killing "the goose that lays the golden eggs?' In other words, will not the present high price of cotton react, sooner or later, on the cotton industry of the South ? This is a pertinent question, and one that will interest, not only every cotton planter, but every business man of the Soutli. The New York world of Sunday presents the "bull side" and the "bear side" of the great cotton con troversy, Mr. Daniel J. Sully claim ing that even the government esti mate of 9,962,000 bales of cotton is too high to represent the crop ot 1903, while Mr. Theodore H. Price, pointing out that the amount of cotton "in sight" is greater than last year, predicts a full supply. Sully & Co., say, in part: "At the opening of the season we were persistent and insistent in set ting fOrth the belief that the crop of American cotton for the season of 1903 04 was not suflicient to Ilieet the demciands of coismunption. * ,. * 'The estimate of 9,962,000 bales made by the Bureau of Statistics is too high by many thousand bales. * *1 * "High as cotton is, cotton is still too low. It is useless to predict what you will have to pay if you wait. What dtoes 15, 16, 2oor even 25 cn1ts a1 111nd Ieana when you cannot get the cotton. Since that titme advices from the Souti have more tlan coifirimled us in our posi tion. The season has proved the shortest growing, picking, ginning and marketing season on record. For this reason the receipts until recently, and even now to Fome extent, are deceptive ill that they indicate not that the crop is a large one, but that every man with a bale of cotton to sell is rushing it to mlarket. * * "In sl)ite of tile excess ofexports over last year our advices from both Great Britain and tile Continent lead uis to believ,e that Eiropean spin ners liave not covered their engage miet s by securing the actual cotton. This is a factor that will force cot ton still higher as the season grows older. It will not be long ull ntil practically all interior supplies are asseibled at the great concontrat ing points. Whenl this hap)ens tle smaillness of the crop willawn upon01 the~ reluctdanit spinnerics, and thlere will beC 5~ ascramlIe for sup p)lies that will senid cotton to unl heard of figuires." Speatkinig for tile '"bear'' side ITheiodore II1. P rice says: ''The arioti lt of cottonl ini sight upl to the I16th of J anutaryis ill ex cess of last year, wvhen tile crop turnied out 10,727,000 bIales, andI still furthler in excess (If thle figures of two -,ears ago, wYhen tile total crop was io,6oo,ooo. '"The world's visible supply of Amierican cottonl is likewise inl ex cess of last year. There is no pres ent scarcity of cotton. Receipts for the p)ast week or two, it -is true, have fallen behind those of laist year, but, accepting the bulls' ex planiationi of the heavy receipts early in the season as due to an ex ceptionally active demand for cot tOnl, the presenlt light receipts are in my opinion explicable on1 the same theory, lnmely: They are due to the slack demland. As far as I can ascertain there is comnpar atively little inquiry for cottoii froml bona-fide consumers. That this is the case is attested by the fact that in New Orleans, which is tile head quarters of the bull propagaudists, there is a differenice of One centt a pound1( betwveen cotton for ilnnediate delivery and cotton forJuly delivery, Jly~ conitracts selling at one cent a pountd, or $5s a bale, ab)ove Jani ulary contracts. As this is the equivalent of about [2 per cent per anuml111 onl thle nmoney invested in carry ing the sp)ot stock in that mat ket , it is evidlent t hat the demiand for actual cotton is entirely inIcomi mlenIsurate wiith thle demanUld for paper cot toni, andc the bulls are paly log i2 per cenlt per anuniill, or $5 per bale, for tile luxury of five mlOnt hi hopen.'" All of which is interesting, but, as the Vorld says, no more so than the fact that there is a third side to the controversy. The World goes oil to say pointedly: "It is the Side of the public and of the public interest. ''he con tinuance of abnornal cotton prices can have but three results, all la mentable in the extreme: ' 'Semi-starvation for the world's spinners and weavers. " 'Curtailment of cotton-cloth consumption in every part of the globe. 'Fresh impetus to British and German efforts to raise cotton in Colonial Africa.' "Of these results two nsere no ticeable throughout our civil war. As to the third, times have greatly changed in forty years. Egypt has become a producer of first class cotton, and what has been done in Egypt may be done elsewhere, to the lasting hurt of our Southern States and of our national yearly balance sheet, if the spui of famine prices continues to be applied." There is in uch food for thought in what the World says. No mat ter what we may think of the pres ent statistical position of cotton, or what the market ought or ought not to be, the fact stares us in the face that a much larger production is botmd to be the result of such ab normal prices as have prevailed throughout the present season. It is, at least, a point which Southern cotton planters need to considey well at this particular time. SHELTERING ARMS. Now Near the Lighthouse on Morris Is land ---A Beautiful Location. The orphanage under control of Rev. A. E. Cornish, of Charleston has been removed from James Is. land to Morris Island. Heretofore the institution has been condtucte in conjunction with a farm, an while the former location was a goo( one for both orplhanage and farn it was deemed expedient to separat< the two, the farm still to be run ot James Island and the orphanage t be carried on on Morris Island, onl3 a few miles distant from the old loca t;,. As the farm and the orpham age are almost within sight of eacl other -- just across the sound-th< separation will not result in an' great inconvenience to cither. Oi the contrary it is co!'sidered belne ficial to both. The farm is a fin p)iece of property in a desirable neigh borhiood and work can progress witl greater facilities on the part of thos< who will have only farmn duties t< performli; whereas the orphanag< will now be free to proceed with its good work ini its own way, unhamp ered by outside operations which while helpful ini a way, neverthelen interfere somewvhat with the nieces sary regularity and convenience: governing the proper ma nagemeni of the orphanage. The H-erald andNews wishes long life uid increasing usefulness and prosperity for the farm and the or phanage. From what we know and have heard of both, each in it turn deserves the highest measure of success. Rev. Mr. Cornish is well known throughout the state and his friends predict wider and broadler fields of good work f'-r the under takings under his wise supervisIon. From private letters to the writer they are well pleased with their new qjuarters Oin Morris Island. It is in (deed a beautiful location, an ideal spot for an orphan institution, quiet and( free from obtrusion, sittuatedl right on the A\tlantic coast, where the big ocean breakers (lash upon the shores at the feet of the children who play in the white sand and look at the ships that are p)assing by. There is an ab)undance of fresh air, pureI andc invigorating, for the breeze ever blows fr-oim the restless sea and the granId harmony of the surf goes Hardest Man to Beat. Former State Senator McDermott. of Horry, ran against H. H. Evans but was beaten badly. McDermott is said to be a reliable and success ftil man of spotless character, but H. H. Evans is now the hardest man to best in the State for any of fice with possibly one exception. He began his political career as mayor of Laurens. The whole Laurens delegation, senator and house members, voted for him. Laurens Advertiser. When bilious try a dose of Chamber lain's Stomach and Liver Tablets and realize for once how quickly a first-class up-to-date medicine will correct the dis order. For sale by Smith Drug Co., Newberry, Prosperity Drug Co., Pros perity. 1903 Seeds for 1904 Planting. It is said that seeds have been found in %gyptian tombs which, though thousands of years old, still p)re.ierved their vitality. Ilowever, in planting for profit, it is wiser to deuill-d seeds of a later crop. Seeds can 't he too iresh, vhich iieaiis that you imist have those grown last year. There is one grower you canl depend upon to supply them, this is BUIST. Vou canl buy them with confi dence, knowing them to be true and perfect in every way. MAYES' DRUG.... STORE.... 1Nothc if Riial SCHIlC11C111 81d Discharge, 3N OTICE IS HERElY GIVEN'THAT we will make a final settlement of the estate of George Doninick, de ceased, in the Probate Court for New berry Contty, S. C riday, the 26th day of Febr'-' o'clock in the forenoon. apply for let ters mis. JOHN .. i .CK, GEOItGE 1. 1) -iNICK, and JOHIN B. IHUN' ,'R, As executors of Geo. Dominick, ded'd. Wallace Plantation. V MILES FR'OM WHIITMIRES, :k 918 Acr-es of good cotton land, on - noree River, good pasture land. May be b ought cheap and on easy termis. 1 Apply to E. H. AHULL, Newb.erry, S. C. SSILK P'URSlE IS NOT FOUJND Xin a sow's (ear, but11 y'ou canl get your mone1y 's wort Iiwhen .you buy -horses, mules, buggies, wagons, har ness, etc., from Quattlebaum & Schumpert, Prosperity, S. C. oTE THlE CHANGE IN THE AD). (f uattlebaum & Schumpert, these young men are not giving their goodIs away, but are coming nearer to it than any other dealer in this section. Tl HOM8E LON AND TRUST CO. T HE JAUR ASSESSMENT OF: . te Hme oanand Trust Company will be due and payable on Friday, January 15. Mr. J. E.Norwood, vice p)resident, has kindly consented to re ceipt for me for the assessments duec in January and Februar-y. Please call at the Savings Bank and make payment to him. The board of directors will meet at the Savings Bank on Monday, Jan uary 18, at 5 p. m. E. H. Aull, f- Sec. & Treas. 50 YEARS' EXPERIENCE~ TRADE MARKS DESIGNS COPYRIGHTS &C. Anyone Rondinig ti sket chi nndi descri eitin may quIckly ascartnlin .'ur (Iof,Ion free whatther n iO Oli y i y tors rO,g t lli at ant t taen t uh M nu sg , rtci.ve epecil ntotic, without e inrgo, it the Scientmcl Jhmeriean. IA handsomenly illust rated wookly. L.nrgest cr. Suhtlon of any scienltliti urunal. 'rerii, $3 a niou ontheat, $1. 8 id by all newadealors. Mar: &u C.osBrfoa-way. New York Branch Officn. O2. if St, WVaingonn n. n. ENDOISBD AT ROMB. Such iroof as this Should Convhice any Newberry Citizen. The public enhlorsoment of a local cit z:in is t,'o best proof that can be pro Itueed. None butter, none stronger can b;oe had. Wheri a man comes ferward tud testilles to his follow citizens, ad Jresses his friends and neighbors you nay be suire he is thoroughly convit-ced av he would not do bo. Telling one's 'xperience when it Is fur the public iood is an act of kindness that should be appreelated. The following state ment given by a resident of Newherry Vids one more to the many cases of Hlome Endorsenient which are baing published about, "I'he Littlte Conquer D."1 Read it: P-. B Hutchinson proprietor of gen eral hiousehold (urnishing store on Main .treOt says: '1 have used Doan's Kid 11(y Pills in my family with very bone liciaT ect. we used them for kidney i -ouble tnd b%ckacho. The relief given was immediate and permanent I ob ained the pills at W. E. Pelham & Son's drug stoire ani I can and do ro i'mitenld them very highly belleving hem to he all th at Is claimed for them. For sale by all dealers. Price 55 cents per box Foster-Milburn Co, BuITalo. N. Y., sole lrgoits for [he United S ates R-mimer the name Doains and take ns Substitute. Blank Books. Begin the New Year With a New Ledgr. We ha ve LEDGERS, JOURNALS, DAY BOOKS, CASH BOOKS, RECEIPT BOOKS, MEMORANDUMS, In fact we have every thing needed in Book keeping. M A YES' BOOK STORE! As the Year 1903 t1" end I wvant to thank my tiany pat rons for their liberal patrolage (lilr ing the past year and hope lor a Cont1tinuation of same. Rerie inher I a ni at the I sa rie stand and amn aiways read y to serve you wvith the very best of Jewelry, W\atches, Toilet Articles and every thing to hbe found in a iFirst Class Jewelry Establishmrentt. My business ini Op...czl Goods has greatly increased also, shiowinlg miy knowledge anid ability in f6tting Spectacles and Glasses. New Sterling Silver just received; new ideas and new good1s. also qutadrulple p)lated goods, Whiting Mfg. Co's, Derly Silver Co., Benie dict & Rodgers. Yours for a prosperous new year, J. GUY DAN IELS. NTOTICE IS H EREBY GIVEN T HAT . the undersigned, composing the Board of Jury Comnmisstoners of Newberry County, State of South Caro lina,. will, on the 2nd of February next, at nine o'clack a. in., in the office of the Clerk of Court for said County, penly and publicly draw thirty-six Jurors, to serve as Petit Jurymen~ at the February term of Court of Corn non Pleas for Newberry County, he min.mg February 15th, 1904, and con miumng for one week. JNO. L. EPPS, County Treasurer. W. W. CROMER, County Auditor. JNO. C. GOGGANS, Clerk of Court. L, 0. 0. F. PULASKI LODGE NO. 20. a7 0o'Clock :s. li.heir hallI at the rad(l,i Schosol butittlin. Viitrs cor lally invited. T 0 Ntwit,J., S. creTar,N.y of Newberry, S. C. Capital - - - $50,000 Surplus - - - 19,500 Paid Stockholders since organization 21,000, Paid Depositors in Savings depart ment since or ganization - - $9,200 A man working by the day is paid for the time ho puts in at work, but when that man saves a dollar for his day's labor it works for him nights, as we'll as days; never lays off on no count of bad weather and never get& sick, but. goes right on earning him an income. It's a nice thing to work for money, but it's much nicer to have money working for you. Try it-open a savings account with us. and get somo money working for you. Make a deposit in the Savings de partinent today and let it begin to, work for you. Interest computed at 4 por cent January 1 and July I of "AMh voar. For First-Class NOrO" k0YSTERS, (Scrved in any Style.) Steak, Game, Deviled Crabs, Or a good meal of any kind, go to JONES' Restaurant. Valuable Land for Sale 82 acres 5 miles of Whitmire-25 acres in cultivation, 5 to 6 acres good meadow. Seven lots adjoining the corporate limits of Newberry. Good building sites. Terms and prices reasonable. 1-or further informa tion call at O FF IC E. Get the Best! Bubscribe to Te Nowborry Herald and NoWvS land The Solgil-eekly Nev 81g Gonrior.je ['he best county newspaper ['he best general and State nlewspaper. pill the telegraph, State an:I generar news you can read. Keep up with the news of the world, the nation, the State and your county. let the two for a song.---only Two Do! lars for a year's subscription to both ru SEMI-WEEKLY hERALD AND NE~ws. and ['un SEMI-WEEK LY NEWS AND COURIER. You know all about The Herald and 4ews. The Semi-WeeklyNews andl Cour er, published at Charleston, S. C., is the nost complete and best general semi veekly you can get. It publisihes 16 ~ >ages a week, or 104 isues a year. lives all the telegraphic and State iews, general and sp)eelal stories. Pubsl)cribe no0 to the erwo for Two )oLLu,Tju through The HeTrald and News by special .arranomknei1