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~TflT vaEWBERRY , S. 0. FRIDAY' NOVEMBER 8 ,1907. TWIOE A WEEK. 31.50 A YEAR
requested tO -o sta"p thli" C'lee'
"Be it further resolved. That the
mnanae.' the Columbia Clearing
iH a as e i t be ).trueled to
ive notice to te correspondent. of
the Columbia clearing iouse banks
that the above resolution is in effect
on and after this date and until fur
In issuing these certificates the as
sociation yesterday made the follow
"Columbia Clearing House Associa
To the Public:
That you may know when the cer
tificates issued by the Columbia Clear
ing House association are properly
sizned the trustees make this an
All certiecates of each denomina
tion issued by the Clearimg House as
sociation will bear the signature of
one of the trustees: W. A. Clark,
Edwin W. Robertson, W. G. Childs.
Wilie Jones, Geo. L. Parker or D. C.
Heyward; and, in addition, each one
of the certificates will be countersign
ed by B. F. P. Leaphart, secretary
of the clearing house association.
W. A. Clark,
Edwin W. Robertson,
W. G. Childs,
Geo. L. Baker,
D. C. Heyward,
Columbia, S. C., Nov. 9, 1907.
MAY BE -CANDIDATE FOR GOV
C. C. Featherstone Expected to Offer
to Succeed Ansel-Has a Strong
Backing and Would Run
News and Courier.
Columbita. November 9.-One of
the interesting political runors that
has come to Columbia within the last
few days is that Mr. C. C. Feather
sstone, of Laurens, will be a candi
date for Governor at .the expiration
of Governor Ansel's service in that
office. The probability of Mr. Feath
erstone's candidacy was vouched for
by a personal friend today.
Mr. Featherstone will make a for
midable candidate. He would have
been in the race in 1.906, but for two
fats: his high personal regard for
Mr. Ansel, whose candidacy had pre
viously been announceed, and the sim
ilarity of his views and those of Mr.
Ansel on t'he liquor issue. As they
were so closely in agreement, and
there co.uld be no personIal opposition,
Mr. Fea.therstone declined to accede
to the wishes of many of his friends
and refused to enter the race, though
importuned to do so even until the
last day for making entries.
Mr. Featherstone made the race in
198, and was d'efeated only by a
combination of forces and circum
sfances that were most unusual and
peculiar. He ran that year as the pro
hibition candidate and now his
friends feel that he is entitled to par
ticipate in the fruits of the victory
for which he fought when the odds
Iwere against him and against prohi
Ibition. Mr. Featherstone recently
made a public statement of his views,
declaring in favor of state prohibi
tion law, but permitting any county
desiring to have the sale of whiskey
to do so by vote. This is pratically
the reverse of the present system.
Many prohibitionists feel that since
Ithe state is in sentiment now un
Idoubtedly prohibition, there should be
a prohibition governor, but they do
not desire to see a'man elected mere
ly because lhe esp)ouses that cause.
They wvant a governor who is a pro
hibitioist, but also a man of busi
ness atbility. of sound views on the
la.L'r and economic questions and of
safe ,Aaracter. Mr. Fearthstone, his
Ifriends say, is all of that: he is a
liwer of experience ~and a.bility, a
man ofL fine principles, a thoughtful
sLudent of affairs and a gentleman of
chiringn personality of whom the
.tag might. be proud as governor.
A nd as fc.r the campaign. Mr. F, ith
ersoec is one of the best sti mp
speakers in the state, and will hold
his own in the contest for governor,
if he should enter the lists, when Mr.
HAVE DECIDED TO ISSUE $240,
00 IN LOCAL CURRENCY.
Each Bank Has Put Up in Ironclad
Collateral $15e for Every $100
of Scrip Which Will be
The Columbia banking institutions
have decided to issue clearing house
certificates in order to relieve the fin
ancial depressions. This action, taken
-yesterday afternoon at a meeting of
the clearing house association. is
largely in response to resolutions
passed recently at a meeting of bank
ers from other parts of the state.
The compliance of the Columbia
banks mean that this city is becoming
more and more the financial center
of the state. For, within a few hours
after the action of the trustees of
the clearing house association, there
i were thousands of dollars, represent
ed by the certificates, being express
I ed to. other cities in the state where
Coumbia money will be as good as
These certificates are in form some
what similar to a bank note, although
not so handsomely engraved nor
printed upon such su.bstantial paper,
for it is believed that this temporary
currency will be called in within .six
weeks, although the limit named on
the face of the certificates is March
The total amount issued is $240,
000, representing 20 per cent. of the
aggregate capifalization. of the bank
ing institutions of the city. Each
bank will be permitted to draw its
pro rata part and it is probable that
all of the temporary currency will be
put into circulation at once.
The conditions which call for the
issuing of this currency are anomal
ous. The banks of Columbia have
mole cash money than they have ever
had, but it has not been put into cir
culation. The money has been kept
tight on account of the flurry ia Wall
street. but it is believed that condi
tions there are getting easier and
that the south will soon ne able to
take a long, deep breath. It is the
merchant who has been suffering, for
the banks have been afraid to ad
vance money on cotton, and the far
-mer has been disinclined to sell cot
ton at the prevailing prices. There
fore the merchant has suffered more
than has any one else, as purehases
of stocks for this season were very
heavy on account of anticipated high
prices of cotton and good yield in
Columbia Clearing House Association
Columbia, S. C., Nov. 9, 1907.
FIn view of the action taken by the
New York clearing house, and subse
quently adopted by the clearing hois
es of Philadelphia, Chicago, Balti
more, St. Louis, New Orleans, Cin
en2ati, Nashville, Atlanta, Louis
ville. Birminerham,- Memphis. Mont
gomery, Mobile, Augusta, Savannah
and many other principal cities,
throughout the country, restricting
the shipment of currency, and is
suing clearing house certificates; and
in response to the request of the
bankers of our state expressed at a
meeting held in Columbia, S. C., on
November 6. 1907. be it resolved by
the Columbia Clearing House associa
"1. That in order to facilitate the
movement of the cotton crop and aid
the farmers in the proper marketing
of the same, clearing house certifi
ates of this association be issued, re
deemable in money of the United
States on or before March 1, 1908.
''2. That until further notice col
letions and bank balances be settled
in exchange or clearing house certi
"3. That such certificates .be receiv
'ed on deposit or in payment of col
lections and debts due any banks in
the clearing house association.
"4. That cheeks drawn on the >uem
bers of this association be paid
through the Columbia clearing house
-a correspnentsn and cusromers be
COL. ESTILL DEAD.
Prominent Georgia Newspaper Man
Croses Over the River-Twice
Candidate for Governor.
Savannah, Nov. 9.-John Holbrook
Estill, proprietor and 'editor of the
Morning News and prominently con
nected polit.ically and in business,i
died at the Isle of Hope. near here
tonight. He made two campaigns for
governor. He was once ehairman of
the -state Democratic executive com
mittee and was once a member for
Georgia of the Democratic Natioral
He was a member of the Oglethorpe
Light Infan'try in the Civil War and
has been prominently connected with
various interests in Savannah.
MR. J. C. LUSK ARRIVES.
New Division Passenger Agent of the
Southern Comes In.
News and Courier.
Mr. J. C. Lusk, tihe newly appoint
ed division passenger agent for the
Charleston div.ision of the S'uthern
kailway, reached this city yesterday,
having been considerably delayed ia
Atlanta. Mr. Lusk is well and pleas
antly known by a number of business
men in Charleston, and he is being
made very welcome. Yesterday one
of his first duties was to visit the
army post, on Sulliv-an's Island, and
make arrangements for the handling
of the 99th company of coast artil
lery, which is to leave for Fort Mor
gan, Ala., about the middle of the
Later Mr. Lusk, in his office on
Meeting street, opposite the Charles
ton Hotel, met a number of business
people of the city, and last night at
tended the opening reception at the
new Union Passenger Station. The
Atlanta Constitution of November 9,
speaking of Mr. Lusk's promotion,
asid: "J. C. usk left the city yester
day to take c arge of his new office
of division passenger agent of the
Southern Railway, with headquarters
in Charleston, S. C. Mr. Lusk has
residled over a year in Atlanta, hold
ing the posit-ion with the 'Southern of
district passenger agent.
-Mr. Lusk 's ne w position will give
him much greater responsibilities, as
he will have entire charge in the
State of South Carolina and in Geor
gia as far as Augusta.
"'His promotions with the Southern
have been rapid, and he has won his
way.to the top by efficiency and stri-et
attention to business.
"He began his service with the
Southern in 1898 in the district pas-I
senger office, at Knoxville, T.enn:, and
was promo'ted in 1899 to Selma as
travelling passenger agent. He went
to Birmingham and Chattanooga and
then back to Birmingham in 1901
as district passenger agent. From!
there he went to Jacksonville. Fla.,I
and then came to Atlanta a little ov
er a year ago.
"Mr. Lusk 's many friends in At
lanta, while rejoicing at his promo
tion, greatly regret to see him leave
the c ity .' _______________________________________
Letters remaining in the postoffice
a.t Newberry, S. C., for week ending
November 9, 1907.
B-Miss Elepi Boseman.
D-B. S. Davenport.
f-Mrs. Joiey Grah am, Mr. Sum
I-Hays Live Stock Co., Mr. J.
Hamming. Miss Peace MIeasor.
J--Mr. Clint Jones, Miss Vinnia
K-Mrs. Kate Kemp, Miss Oetnxia
L-Mr. R. E. Lee. Sallie Long.
M-Mr. Coleugn McL.are. Miss
Ma.ie Metts (2), Mis*Ruth Moo-e.
0-Mr. Asherry Oxner.
P-Mr. P. C. Perry.
R-Mr. W. R. V?eid. Miss Marrie
r?i, T<lella Rogers, Mrs. Laura P' b
- 'e Word, Mrs. Corrcelia
Perons calling for these letters
wil plea ay tat+ th.ev were adver
Eradstreet's Review of the Country's
Trade--urrency is Not so
Nev. York. Nv. .-Bradstreet 's
tomorow will say: "Good progress
,:ma; been ma., in accommodatingmi
the eountrv to the changed financial
e.miditions. thi.-, t.>o. with strikingly
little friction. At the 4ame time
whalesale and jobbing trade has
quieted down very perceptibly, and
the dis,position in industrial lines has
been to curtail production wherever
possible. There is. :n fact, a rather
ni r e(p.timistic tone prevniling this
we-k than last. the out.-rowth of the
be'Ller feeliniz at the East. the largze
arrivals of gold from Europe and the
idea th'at basic conditions, both as re
zards the pu'rehasing power of the
people and the absence of large
stoeks, are better than in some pre-:
ced,ing years of stress. From two
sections-the Northwest and the
South-complaints are numerous that
the a'bsence of actual cash prevents
the movement of wheat and cotton
to market; but the country-wide is
suance .of bank and corporation
cheeks in small denominations has,
eased the currency situation greatly.
Collections are rather slower, but
there has been a slight easing in the
premium for actual currency at the
"Busines failures in the United
States for week ending Nov. 7 num
ber 225 against 223 last week; 146
in the like sweek of 1906; 166 in 1905;
184 in 1904 and 250 in 1903. Canadian
failures 34 as against 25 last week
and 28 in this week a year ago."
GOLD MOVEMENT GROWING.
Over $50,000,000 Engaged Up to
New York, November 4.-The fin-!
aacial situation made further pro
gress today,toward the resumption of
normal conditions. Gold was engaged
to bring the total for this movement
up to more than $50,000,000, an in
preedented acquisition of the yellow
metal inthe history of New York fin
ance: the bank statement was more
favorable than had been expected,
showing a loss of but $4,313,000 in the
banks' cash holdings, and the stock
market was firm, most of the active
hares showing adv'an-ces cn the day's
tradinz. The bank statement does
iot show the full beneifits of the' gold
received from Londiop, as the state
ment is calculated on a basis of
averages for each day of the week
and the greater part of the gold was
reeived late in the week. Thus a
statement of the condition of the
banks at t1ie close of today would
show their cash surplus t. be much
larger than under the average system
of comput ations. Next week there
will 'be more arrival-s of gold and -all
of that receive'd th.is week will figur?
for the fuli week se that next week's
statement is excted to show larg-e
<rainfs- in reserve. While the deficit
in the reserve is $51,000,000, it
should be noted that the cash on hand
i still 20 per cent of all deposits, in
cldi: those made by the Govern
ment, and whi-eh are secured by col
lateral. This is 5 per cent less than
renired bth 5per -eet.t rule, but
it is 5 per cent more than the local
instutions are called upon to main
tain under the state banking laws.
Notable advances were made by the
active shares in the stock market dur
ing the week, todayv's final sa.les
showing higher prices as follows:
Union Pacific 2 1-2: United States
Steel 1 1-8: Preferred 2 324; Read
ing 4 1-8: Pennsylvania 4 7-8; North
ern Pasafic 1 3-4: New York Central
2 5-S: Missouri Paginec 1 1-2: Great
Northern 2 1-4: St. Paul 2 7-S;
American Sugar 3.
Beth Eden Union.
Will mee-t at Beth Eden school
house WXednesday. December 13. at 3
o 'clock in the afternoon. All mom
bers are urged to be present on-1 any
farmer is invited to join the union.
Chas. S. Suber,
C. M. Folk. President.
THE LUTHERAN SYNOD.
1loses at Spartanburg-Next Year
Meet at Prosperity-Work
The Spartanburg Herald of Sun
:lay gives the following general sum
Mary of the work accomplished by
:he Lutheran Synod which was in
;ession in the new Litheran church
n that Rity last week:
The Lutheran synod, which conven
d in the Lutheran church of this city
Wednesday morning, closed its busi
aess sessions at 1:30 yesterday after
oon, after three d'ays of routine
ork. T-he final adjournment will be
eached tonight. The next synod will
eet with Grace church, Prosperity,
n Wednesday before the second
Sunday in November, 1908.
The sessions of the South Carolina
ynod of the Lutheran church have
been niost pleasant, and there was
aot a single discord throughout the
ntire convention, which was well at
tended by delegates from all over the
tate. It has been quite an honor to
the city to have the pleasure of en
tertaining so distingu.ished a body of
ihurch men, and the special resolu
tion of thanks passed by synod yes
terday thanking the friends who en
tertained the delegates is taken as a
distinct eompliment, as was also the
high commendations made on the
work of the Rev. S. T. Hallman, pas
tor of the church 'here, who received
the highest vote for chairman of the
ielegation to the United Synod of
the Sout.h. -
Result of Election.
The session of synod was opened
yesterday morning at 9.30 o'cloek
with devotiontal exercises conducted
by Rev. W. P. Cline. After the read
ing of the minutes the teller announc
ed the results of the election, of lay
delegates to the United Synod in Sav
annah, Ga., which election was held
just before adjournment on Friday.
Following art the lay delegates the
econd name being .the alternate:
G. B. Cromer, J. D. Cappleman; P.
(7. Pride, E. J. Etheredge; A. H.
Kohn J. E. Kizer; A. G. Wise, J. E.
Hendrix; 0. B. Mayer, A..H.. Berg; J.
C. Seegers, H. H. Folk; J. W. Jonny,
As N. Boland; J. F. Ficken, W. H.
Heidenreeh: E. 0.- He:1tz. S. J. Der
rick: Kenneth Baker. JT. I. Ranch;
W. P. Houseal, Otto Tiedleman, Jr.
Clerical-Dr. S. T. Hallman, Rev.
M. G. G. Scherer, Rev. W. H. Gree
'er, Dr. J. A. B. Scherer, Rev. M. 0.
.. Kreps, Rev. Z. W. Bedenbaugh,
Rev. C. A. Freed, Rev. C. P. Boozer,
Rev., Jas. D. Kinard, Rev. W. A. C.'
Mueller, Rev. 0. B. Shearouse.
The committee on excuses and let
ters made their report, which 'was
pending from yesterday.
The committee on the bond of the
treasurer of the synod rendered their.
report. The 'bond hlad been examined
and found satisfactory.
The committee on approprianions
suggested in their report to synod
how much was necessary to carry on
the v'ork for the next year. Among
te amounts suggested were:
For printing of minutes, $200 if
For benefieiary education, $375.
For current expenses of theologi
cal seminaries, $143.
For execut,ive committee of home
The next report w~as from the com
mittee en treasurer of the "Semi
Centennial Endowvment F und'' of
Newherr'y college. It was to the ef
teet that the treasurer's report was
fo'nd cotrr'ect with vouchers, and that
the. money was well invested.. This
fnd was proposed in June of last
year. which wvas the 50th ann-iversary
't he college. In three months or
less .-0,000 for this fund wats rais
Board of Trustees.
The ch:airman of the committee for
n oir1 m' t'e boardl of trustees of
the Mt. 11easant 'Seminary read the
Clerical-Rev. Dr. S. T. Ha!!man,
y :raTh:)rr: Rev. WV. A. C. Mueller,
C harlest on; Rev. Chas. Koerner,
Charleston; C. A. Freed, Columbia;
Rev. M. G. G. Scherer, Charleston.
La-Hon. J. F. Ficken, Charles
ton; J. D. Cappleman, Charleston;
Dr. 0. B. M'ayer, Newberry; A. D.
Elaltiwanger, Columbia; Capt. J. C.
The secretary was authorized to
!ast the vote of the synod for the
ihove named gentlemen, and so they
xvere elected unanimously.
The committee on pastoral districts
nade its report next. There are a
iamber of vanancies in the smaller
hurches, and this committee will
iave its hands full the coming year.
The report from the chairman of
:he committee on systematic beaev
>lence had several interesting reso
lutions. It was resolved to raise $5,
)00 annually to meet the needs of
synod. At Friday's meeting it was
esolved to raise $5,000 for the im
nediate needs of the present year,
but yesterday the order of things
vas changed and it was decided to
nake the raising of $5,000,an annual
affair. The $5,000 will be apportion
d among the congregations of the
ynod, according to their numerical
strength and ability.
The chairman of the executive com
mittee is to prepare a statement- in
;raqt form of all the missionary work
f the synod, giving the amount of
funds necessary to prosecute the
work. These tracts will be distribut
ed among the congregations.
The committee on 'apportionment
next maide its report, and there was
no chiange in the percentage of assess
The committee on the theological
seminary at Mt. Pleasant reported
that the institution was in a better
condition et present than at any time
3ince its birth. There are now four
teen students, with the prospeet of a
fifteenth before the close of the ses
sion. The health of the student body
-md the professors was reported as
The apportionment for the benefi
eiary ($375) goes to the following
young men at the seminary at Mt.
Pleasant: J .W. Oxner, M. C. Riser,
and P. E. Shealey.
Rev. T. B. Epting of Sumter, was
elected as statistieal secretary of the
The next report was from the com
mittee on the siate of religion. The
~ollowing articles in the report about
ver the ground:.
11. Religious activity .in all lines of
hurch work is very encourag1ng.
2. Attendance on servic.es is very
rood. and th'ere is a deeper interest
.manifested than ever before.
3. Benevolence indicates growth in.
lpth and breadth.
4. The Sunday Sehools of synod
are being more thoroughly organized
and are doing more systematic woirk,
6. Finances are in good condition,I
and several pastors report expendi
tures in improvement of church prop
erty, while at some places the sala
res of the pastors have been raised.
7. Church property is in excellent
condition; the tendency is to build
8. The interest in Christian educa
ion is wide spread and general. The
loyalty of the' people to Newberry
college and to the, seminary at Mt.
Pleasant is inspiring.
9. There is great love for bhe liter
ature put out by thne publish~ing
house, and the church paper ''The
Visitor". and the .Sunday school
'Tidings'' are great favorites.
This report concluded the business4
of the synod. A suitable resolution
of thanks to the pastor and congre
.ation of tihe Spartan%burg church,
and to the friends in general, who
assisted in entertaining the delegates
was passed, after which synod ad
journed to meet with Grace church, -
Prosperity, Novemnber, 1908.
Will Not be a Candidate.
Dr. Geo. B. Cromer requests The
Herald and News to say that he will
not b.a a candidate for alderman
from Ward 1.
That (Chinese newspaper which has
iust <tiven up the ghost, after a short
iit stormy existence of 986 years
doubtless was the oldest inhabitant
.ang heyelow journals, neverthe