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Runs on Banks and Trust 'Companies
Are Over-Gold Coning to
New Orlea,i. Nov. J.-Secretary of
he Treasury Cortelyou .wired toda%*
at the treasury departmenet can not
ransfer money from London to New
Orleans as suggested by cotton ex
porters here. The plan was to have
cash deposited with fiscal agents
abroad and immediately upon such de
posit to draw cash at the subtreasury
New York, Nov. 1.-The fina.icial
uation was gradually clearing to
ay without showing any striking fea
+ures. Runs on the banks and trust
ompanies are practically over, money
ich was temporarily withdrawn
om banks subject to runs is flowing
to the stronger banks and currency
s going in most cases where the de
.and is considered legitimate. Fur
her engagements of gold by Boston
nd other points have brought up the
otal engagements abroad under the
ent movement to $26,550,000. The
Lusitania, which sailed from Liver
pool today, has on -board about $10,
00,000 in gold, one of the largest sin
e shipments ever made. Prices on
stock exchange were firm during
'early part of the dlay and did not
d seriously at any time. The fact
at the stock exchanges of London
and Parise were closed on account of
All Saint's day prevented any com
prison of quotations or arbitrage
Balances at the clearing house
have settled down to a normal condi
ton but there is still something of a
4ade in domestic exchange
ough the unwillingness of New
banks to pay currency on drafts
other cities and the unwilling
of other cities to pay out their
rency u,pon drafts from New York.
e condition of affairs indicates a
ontinued pressure for currency rath
er than a breakdown of credits, but
reasonable demands are being met for
regular customers of the banks. The
possibility of hastening the export
movemeitt of wheat and cotton still
engages the attention of foreign ex
change dealers and also of those who
endeavor to keep in touch with fhe,
*neral situation. Doubt is express
ci'vhether the seeretary of the treas
un 1 will be abfle to carry out on
a'considerable scale the project of
.the New Orleans exporters for accept
ing cash at government fiscal agen
cies abroad and the -transferring it
by telegraph to points in this coun
try. But Secretary Cortelyou is n
derstood to be willing for sueh depos
its of public money at cotton export
~-points as will to a considerable
te't relieve the strain.I
TOK CROP DETERIO&ATBS.
York Journal of Commerce Fig
es Indicate that the Crop is
65 Per Cent Picked, as Corn
pared with 56 Per Cent
h ew York, October -81.--The Jour
aof Commerce will tomorrow pub
'sh. its monthly cotton crop report
ompiled from reports of 1,400 cor
pondents of average date of Oc
hereport will s'lfw that cotton
rated 4.1 points during the
recent' Galveston storm was I
,and apparently unimporta.nt as
he cotton crop.
his deeline makes the. condition of
unpieked crop 62.4, as com.pared]
th a condtion of 64.4 in 1906, rwhen i
erioration was 7.5 points. The de
e in 1903 was 4.3 points, and in
was 6 points, but in 1904 it im
on is 65 per cent piciked, com
with 56 per cent last year, 69
ent in 1905, 76 per cent in 1904,
7 per cent in 1903.
larg'est decline occurred ' in
sand Louisiana, where the con
n fell 5.9 points and 6.2 points
ectively, due largely to t'he boll
il and somewhat to rains. The
an Territory and Oklahoma are
only sections showing improve
t, rising 1 4.4 points re
ost caused deterioration in near
1 other states, insect damage be
nsignifican t, except in Texas,
ana and ,Arkansas, where the
eevil took practically nearly all
op crop. The reports from all
states give no hope of a late
,frosts having put an end to]
e crop is generally being mark-1
as fast as ginned, bu.t up to the
of these reports there was a1
stronger tendency to hold for
prices than in former years.3
LPickin.- w\as unvin-terrupted1, With.e
:lt ihat altlfil'tuh Ile season start
d so late, the pereentage gathered
xeeeded last year's f01ures by near
[y 10 per cent.
North (larolina shows a decline of
Soints during October, i:I condition.
ouhil Car;liia ju : l. w tvwer. at 76.9.
Cr.ia 2.5 lower. : 77.
Flodida 10.2 lo,mer. at 66.5.
Alabana 5 .points lower. at 70.2.
Missisippi 3.6 lower. at 69.3.
Louisiana 6.2 lower, at 67.7.
Texas 5.9 lower. at 53.6.
Arkansas 3.3 lower. at 66.3.
Tennessee 3.(i lower. at 71.4.
Missouri 3.2 lower. at Z0.0.
The Indian Territorv imiproved one t
oinit to 68.3, and Oklahoma 4.4. to
The precentage pieked on Oettber
24th. by states. is as follows: North
Carolina 62: South Carolina 71; leor
,ia 65; Florida 6S; Alabama 61: _Iis
issippi 60; Lousiana 60; Texas 77;
Xrkansas 64: Tennessee 4S: A-issouri
W; Indian Territory 47; (7k,laloia
13, making the average (i5.
GOLD FOUND IN GREENVILLE.
Bxpert Locates Seven Rich Veins on
Farm Near Fountain Inn.
Gr(aville. October 31.-Seven rich
;-ein,zo 0 Old ha%e been discovered
>n a firm about one mile from Foun
ain inn. in this county, and about
)ighteen miles fro-m this -city. The
innouneement was made today by Dr.
3eorge . Lee, a geological expert
ind mineralogist. who spent three
laYs in examiniwz the metal. The
reins are thouglit to be about sixty
reet deep and Liie mine will be the
ichest in the sitate and probably in
:he south. Zircom. monazite, kaolin
ind rutine were also found on the pro
The deposits extend over 270 acres,
ill of which belong to two well known
itizens of the county. A stock com
any will be formed at once to mine
APPEAL TO GOV. GLENN.
Wilmington Business Men Urge
Equitable Adjustment of Rate
Wilmington, N. C.,, October 31.
F~ity leading merchants, mannfac
:arers and business men of this city
:onight telegraphed Governor Glen,
>f North Carolina, now in Atlanta,
3-a., for the purpose of considering
hith the governors of two other states
ailroad litiga,tion in the sout'h, the
ollowing message, whieh he has been
equested to read at.tblze meeting:
"'Southern crops ard plentiful and
~othern commercial and industrial
~onditions never intrinsically sounder.
Xitation has ruthlessly depressed
alues, causing co:ngestion and inabil
tto move *crops with esxpedition.
Rstoration of confidence essential
~or the south to realize full values
or its great products. We believe it
s in the power of ;the conference to
estore con'fidence in a great measure
>y an equitable adjustment of t'he
ate controversy. The south can save
he sit.uation by wise action at this
~uneture. You are appealed to a:
yatriots and statesmen who ~have
leeply at heart the well being of the
)OL HUNT'S SIUCCESSOE NAMED
'. C. Lusk, of Atlanta, to be Located
Washington, Oe,tober 31.-The fol
owing annonneements were officially
nade by the Southern Railwya today:
R. W. Hunt, division passenger
ient, Charleston, S. C., promoted to
osition of assistant general passenger
igent, Atlanta. Ca. J. C. Lusk, divis
on passengzer agen.t, Atlanta, Ga.
:ransferred to Charleston, S. IC., to
meceed Mr. Hunt. James Freeman,
livision passenger agent, Jackson
.ille, Fla., transferred to Atlanta, Ga.,
:o succeed Mr. Lusk. J. N. Harrison,
estern passenger agent, Houston,
rexas, transferred to .Jacksonville,
Fla., to isueceed Mr. Freeman. Ap-'
ointmnei:ns effective Novemiber 1st,
P. H. MeG.I
-KNOXVILLE GOES DRY.
)ne Hundred Saloons Were Closed
There Last Week.
Knoxville, Tenn., Octo'ber 31.
~ore than one hundred saloons in
Knoxville closed tonight as a result of
ae application of the Pendleton law,
>y which cities of Tennessee can
eincorporate without having the sa
oon. The city is quiet and whiskeys
ire not being sold at any price. The
eople voted on the law by special
eg.sla-v nnatment ast March.
THE NOTABLE EVENT OF 1907.
THE SECOND ANNUAL
F A I R
Th- great Two-States Exhibition at Augusta, Ga.
Agricultural and Industrial-County, Club and Individua
Exhibits of the resourees of Georgia and South Carolina.
Over $4,000 in Premiums-Great Exhibition of the newest
and most advanced Farming and Agricultural Machinery.
For the first time in the South the great labor-saving Cotton
Picking Machine will be in operation daily during the Fair.
Magnificen?*Display of Poultry and Pet Stock-the greatest
ever eyhibited in the Southland.
Great Cotton Farade-$500 in Special Prizes.
Splendid display of Cattle and Live Stock.
Attractions and Amusements-First United States Artillery
Band, the finest in the South--engaged especially for this oc
casion at a cost of over $1,500.
ne Running. Trotting and Pacing Races for large Purses.
Over $4,000 in Purses.
The , reatest Football Game of the Season-University of
Georgia vs Clemson College. Special Trains.
A variety of Free Amusements, including "Dare Devil
Free Ball.on Ascensions-Twice Daily.
The Largest and Finest Midway ever brought South.
Remember the Dates, Nov-mber 4 to 9.
Iswov ates FProm .All Poiit.
For Further Infori'nation apply to
FRANK E. BEANE, Secretary, Augosta, Ga.
THE COMMERCIAL BANK OF NEWBERRY, S. C.,
under call of State Bank Examiner at close of. business
September 17, 1907.N
Loans and discounts - - - $40E6,831 16
Overdrafts - - - - - '- 5,653 08
Furntiure and fixtures - - - - 3,116 93
Cash and sight exchange - - - - 42,172 86
Captal Stock - - - - - - $ 50,000 00
Univided profits (less expenses paid) - 49,484 84
Dividends (unpaid)' - - - - - 1,030 00
Cashier's checks - - - - - - ' 103- 88
Due Banks - .- - - - - 858 38
Bills payable - - - - - - 20,000 00
Individual deposits - - - - - 336,296 43
. $457,773 53
JNO. M. KINARD, Pres. .0; B. MAYER, Vice-Pres.
J. Y. McFALL. Cashier
4 Per Cent.
Interest Paid in our Savings Department.
Brouddus rHt l
HERALD & NEWS
Pens and Ink,
b &c., &c.
In fact anything you need along that line.
CIGARS AND TOBACCO.
Don't forget to call on them..
They are also agents for Columbia Steam
Statement of the conditior
Newberry, S. C., Sept.
call of State Bank Exam
Bills receivable.5.....219,605 64
Overdrafts.......... 5,1SO 75
Cash on haud and due
from other Banks.....$ 10,193 92
Watch us grow. We pay 4 per
ment compounded Semi-annually.
J. D. DAVENPORT, GEo. B. 4
W. B. WALLA(
Paid Up Gapital -
Surplus and Individua
For protection of depc
H. C. MOSELEY. President.
W. W. WHEELER, Cashier.
Better a cionservative inter
return when wanted, than a hi
about the principal.
A National Bank is a safe De
makes it so. Likewise our Bc
of prudent conservative manag
G. W. Bowers.
J. A. C. Kibler.
R. L. Luther.
M. A. Carlisle.
J. H. Hunter.
We allow 4 per cent. p(
Capital $50,000 -
No Matter How Small,
will give it careful at
applies to the men and
y. The First Coug
* Even though not severe, has
tive membranes of the throa
Coughs then come easy all w
4 slightest cold. Cure th,e first
*set up an inflamation iri the d<
~lungs. The best remedy, i
SYRUP. It at once gets rigi
moves the cause. It is free fi
*a child as for anr adult. ,25 ce
* MAYES'. DE
EVERY ONE DOESN
Some have to dig,
share But if you will
partment and lay up i
ings you will soon ha'
your own. Open an:
day and take a step ui
Today's prudence 1:
The Bank o4
Dr. Geo. Y. Hunter, Pres't
J. F. Browne, Cashier.
of The Exchange Bank of
17th, 1907, in -response to
Capital stock.... ...$50,000 00
Surplus........... 6,460 74
Cashier's Checks...... 269 84
DiviMends unpaid...... 87 50
Bills payable ........ . 75,000 00
cent. interest in our Savings Depart
IROMER, M. L. SPEARMAN,
:v, Asst. Cashier.
ity, S. C.
- - - $25,000 00
I Profits $6,000 00
s . , $25,000 00
M. A. CARLISLE, Vice-President
GEO. JOHNSrONE, Attorney.
est on your deposit with its safe
h rate and a feeling of doubt
posit. Government supervision
ard of Directors is a guarantee
W. P. Pugh.
Jno. B. Fellers.
W. A. Moseley.
H. C. Moseley,
r annum in our Savings
No Matter 'Hlow Large,
tention. This message
the women alike..
J. E. NORWOOD,
i of the Season,:
L tendency to irritate the sensi
t and delicate bronchial tubes.
nter, every tim.e you take the
cough before it has a chance to *
licate capillary air tubes of theg
s QUICK RELIEF COUGH
t at the seat of trouble and re
-om Morphine and is as safe for 0
lUG STORE. 0
'T INIERIT MONEY.
and dig hard, for their.
utilize our Savings De
portion of your earn
e an "inheritance'' of
Lccount in this Baik to
s tororrow's pleasure.
ity, S. C..
Dr. J. S. Wheeler, V. Pres.
J. A. Counts, Asst. Cashr.