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The herald and news. (Newberry S.C.) 1903-1937, March 22, 1904, Image 1

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Persistent link: http://chroniclingamerica.loc.gov/lccn/sn86063758/1904-03-22/ed-1/seq-1/

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E CTraWY a l R EAES.
VOL. XL. NO. 91. NEWBERRY, S. C., TUESDAY, MARCH 22, 1904. TWICE A WEEK. S1.50 A YEAR
No wberri
Tuesd;
roundinj
ie Gents' F
high wil
heimer,
weaves,
the kind
Over C
Stripe, 1h
Our $5
Suits arn
Don't w
Glapp ar
Shoes.
opened.
Shoes ai
*"TW are the
Swell dre
Ladies'9
DoIt Forge
THE COTTON IARKET
A SLUMP 6 OF 250 POINTS IN TWENTY
MINUTES.
Sully's Faiure The Cause-Cotton Has
Now Taken Another Upward Turn and
Tension Is Relieved.
D. J. Sully. the couon operator,
wL.o has for fifteen monthi been th
Iggcst figure in the ccz-n markets
of th: world, and who has 'bulled"
c :ton from 7 c-nts a pound to over
7, on Friday announced his n
abiitv to make good his engage
ments on the New York Cotton Ex
change. Within a few n-ovients
cotton fell nearly thirtten dollars a
bale from the highest figtrcs of
the day.
Scenes such as followed the an
nouncement of the failure it has
been the privilege of few brokers
to witness before. Traders in the
street have witnessed stock panics
in previous years; corners have
been broken, and many crashes
have been recorded, but none has
been accompanied by such frenzy
and confusion.
Shortly after the afternoon ses
sion, there - was a lull in
the pit and at about five minutes af
ter 2 o'clock the announcement of
the suspension was made by Su
perintendent King, who read from
the rostrum this notice:
"We regret that we are unable to
meet our engagements and, there
fore, will have to suspend.
Daniel J. Sully & Co.
For a fewv seconds there was an
ominous quiet over the floor as
though the news had stunned all
within hearing of the announce
ment. Then, with one impulse. a
mighty shout went up from the
bears: they who had been fighting
Mr. Sully and the bull clique for
months. Hats were thrown into
the air to fall where they would, a
moment later to be trampled up)on
by the stampede of the pit. Coats
wvere torn by frantic b)rokers in
madl efforts to unload their hold
ings. and chairs and camp stools
were dashed into the pit to em
phasize some wild broker's offer
to sell. Messengers soon were rush
i n ini an+u of the building with
iy morning we open ou
, counties to come and
urnishings ever shown
:h fine clothig made b3
Fisher & Co. A great
made to stand the rom
to buy.
ne Thousand Pairs of I
fixture known by Baltin
.00, $7.50 and $10.00
the talk of the town.
ait. New lot Edwin
id Burt & Packard Fine
Oxfords for men just
The Queen Quality
nd Oxfords for spring
things of beauty. All
ssers wear them-the
)hoe.
I the Place.
orders to sell or buy; telephone
booths were besieged and tele
graph offices were flooded with dis
patches.
As the market slumped 250
points during this period the loss
faling on this element amounted
to something over a million dollars.
The market steadied after about
twenty minutes and then there was
a sudden upward shoot of about an
even hundred points. This sharp
upward rise was brought about by
the buying of brokers and specu
lators, who saw that the market had
slumped too far and would reast as
it did. A part of the excitement on
the floor of the Exchange was
caused by the scramble of brokers
who wanted just such bargains, and
had to fight to get in the ring to
get them. The buying rush was al
most as exciting and just as noisy,
if not more so, as the panic.
SULLY'S CAREER.
Daniel J. Sully became a factor
in the cotton market in January of
1903, when he took up the bull
movement. He established a cot
ton house of his own last year, un
der the name of Daniel J. Sully &
Co., but wni his operations in cot
ton became so successful, the cot
ton market having been pushed up
above 17 cents a pound early this
year, he widened the scope of his
firm's business, bought a seat on the
New York Stock Exchange. went
into the Coffee Exchange, got a
membership on the Chicago Board
of Trade, and, it was said, made
connection with other prominent
exhanges throughout the country.
UPWARD TURN ON SATURDAY.
New York. March iq.-The ex
citement in Wall street that was
caused by the anouncement yester
(ay of thie suspension of Daniel J.
Sully & Co.. was noticeable today,
but ~gradlually subsided during the
market hours. and at the close of
the cotton and stock markets it was
generally agreedl that the worst of
the effect of the failure was over.
The stock market was strong all
(ay. The cotton market was nerv
ou's andl slumped sharply on bad
news in the early morning. but be
fore the close even the cotton mar
ket became bouvant and moved up
to a point far above the loWvest of
esterday.
Just before leaving his office to
day Mr. Suly made statements mn
ost Cloth
r doors and invite the p
inspect the Greatest L
in the two Caroli is.
r American Tailoring Ai
line Boys' and Youth
ping boys of today. Mr
4ew Pants to select fror
iore's Pants King Make
the
wea
low(
..We
Hari
of U
Cc
which he said his troubles had been
precipitated by unforeseen circum
stances. and that had he been given
another day or two in which to ar
range his affairs it would not have
been necessary for him to have as
signid. As matters stand he hopes
to liquidate his affairs and resume.
He was unable to give any esti
mates of his liabilities.
.1r. Sully refused to make any
direct statement. but through a
clerk announced that he hoped to
resume within four days.
COUMTS CASE DISMISSED.
Preliminary Hearing in Case for Violation
of Dispensary Law Held Before Nag
istrate Adams.
The case against Charley H.
Counts, of Pomaria, charged with
violation of the dispensary law,
was dismissed at a preliminary
hearing held on Friday before
Magistrate Thomas P. Adams, of
Township No. 3.
The state was represented by
0. L. Schumpert. Counts was re
presented by Fred H. Dominick
and Cole. L. Blease. Constable
Hopkins, who had been in Pomar
ia working up a case against
Counts, wvas present in the interest
of the prosecution.
Twenty-four witnesses, whites
and negroes, were summoned by
the state. Eleven whites and one
negro were placed on the stand,
and affidavits of seven were offered,
stating that they had never bought
liquor from Counts.
George A. Hope, who lives near
Hope Station, said that he had
bought corn and rye liquor in
Counts' store from negroes and
ontside of Counts' store, but had
not bought from Counts since a
year or mo&re ago.
Robert Crooks testified that he
had bought no liquor from Counts
since November. 1902. Had
bought. cider. He had had a
negro b)uy liquor for him several
times.
WV. A. Dunn. intendant, testi
tied that he had seen drinking at
the cidler harrel in Counts' store.
H ad seen one or two (drink a half
dlozen times in there within the last
two months. Cider was sold every
where in Ponmaria and by J. H.
Summer. He had seen people get
drunk on cider. He had never seen
any man take but one glass. Men
Ing and S
eople of Newberry and
ine of Clothing, Shoes,
Our 7 great counters
tists-Strauss Bros., F
s' Suits in all the beai
-s. Jane Hopkins' Clothi
Ea32 tjs.
n. Every conceivable F
r in this lot.
rerything new in Hats.
latest creations in N
r, Hosiery, etc. Everyti
,r priced than elsewh
are the Clothing, Dry G<
dware and Grocery Pe
pper Carolina.
me to see us.
SUMMEF
might have had liquor, but he did
not know. He didn't know that
Counts had sold liquor but saw
drinking in there.
J. C. Sligh testified that he had
not bought any liquor from
Counts since November, 1902, but
had seen people drinking cider in
store.
James P. Setzler. sworn. testi
fied: Never bought liquor from
Counts. saw no one buy from him.
Seen drinking in his store since
1902. Seen crowd of darkies come
out of back of defendant's store
and drink. Do off few steps-half
pints. coca-cola bottles and pint
bottles. Throw bottles down and
I go and taste it. This since No
vember. 1902. Seen people in
store drinking. Seen them go in
and come out drunk-both white
and black. Mr. Setzler testified
further and on cross-examination
in part as follows: People drink
in my store. My customers have
come in drunk and go out drunk.
I got bottles and tasted what was
in bottles. Would see negroes
drink and then throw away bot
tles and I would go and get
bottle and taste what was in it.
I have actually done that.
J. C. Aull t'estified that he had
bought no liquor from Counts
since November, 1902, and had
seen no one buy from him. On
cross-examination he said he had
sold one sixteen-gallon keg of
cider.
G. WV. Bundrick, W. L. Leitzsey,
Dansby Berly, R. L. Stuck anxd
Jim Lyles testified that they had
bought no liquor from Counts
since November, 1902. S. W.
Sheelv testified that he had bought
no liquor but had got 'cider, which
had not made him drunk.
\'ery little argument was made
andl the case was dissmissed by
Magistrate Adams.
What Is L.ife?
In the last analysis nobody knows.
b)ut we do know that it is under
strict law. Abuse that law even
slightly, pain results. Irregular liv
ing means (derangement of the or
gans. resulting in Constipation.
H eadache or Liver trouble. Dr.
King's New Life Pills quickly re
adjusts this. It's gentle, yet thor
ough. Only 25c at WV. E. Pelhanm
& Son's drug- store.
Ie Stare
sur- Aa 0
and
piled
Bich
tiful
ng is
laid,
All
ck
ring ,,,,o
ere.
>ods
ople
BROS.
RUSSO.JAPANESE WAR.
Japanese Pariament Opened-SHm News
Of Any Operations by the Opposing
ArmIes.
There has been little or no r
during the past few days of lie
operations of the opposing Russian
and Japanese forces.
A special session of the Japanese
Parliament was opened on Sunda%,
for the purpose of devising means
to provide funds, for carrying orl
the war.
The Mikado addressed the par
liament and was received with pa
triotic fervor by the Jap statesmen.
POPE HAVIRD SHOT.
He Notified Governor Heyward that he
was Threatened, and Appealed for
Protection.
News and Courier.
Saluda, March 19.-P. D. Hav
ird, the young white man who ap
pealed to Governor Heyward a few
weeks since for protection, and who
mailed the Govrnor some notices
of a threatening nature found post
ed on his premises, was shot twice
this morning by John Yarbrough,
a white man living on his place.
Is is said that the shooting had
nothing to do with the threatening
notices. The trouble this morning
is the culmination of a personal dif
ference between Havird and Yar
borough growing out of some dis
pute relating to their contract for
this year. Of course there are two
sides to this trouble and it is im
possible to untangle it and get at
the facts leading up to it.
The shooting occurred about sun
rise and in front of Yarbrough's
house, which is a inile from Hay
ird's residence. The weapon used
was a dlouble barreled shotgun
loaded with small shot. Both bar
rels were emptied and both took ef
fect. One shot tore up the flesh
pretty smartly on the left arm be
low the elbow while the other cut
ugly gashes in the abdomen. Hay
irlis here now for treatment by
Dr. Kirksey, having ridden ten
miles since he was wounded. Yar
brough told a brother-in-law of
Havird that he meant to kill, but
beyonr1 this he made no statement.

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