Newspaper Page Text
Isin Revenes~ is Larger thian
Expevcted-More Money is Ocm
The State, 13th.
"While the deficiency in the fin
ances of the state government are not
so large as estimated early in the
year,'' said a state official,
"there is need either for retrench
nent in the appropriations or an
increase in levy unless the general as
sembly estimates more exactly -each
year how much will be raised. This
year the deficit would have been
about $180,000, but for increased re
venues from several sources and for
The total appropriation for 1907 by
the general assembly amounted to $1,
460,216.93 and so far the state has
borrowed $350.00.0 to meet current
expenses. At the tiie of the appro
priation, however, the revenues were
estimated at least $120,00 below what
they actually will be and the predic
tion of Comptroller General Jones ]
would'have been verified but for this 1
increase in income. In his report in i
calling attention to this deficiency
each year Mr. Jones said in part:
"The estimated expenses of the i
st!ate government for 1907 are $1,
271,784. It appears that if the ap
propriations do not exceed the esti
mated expenditures for 1907, it will I
require of the taxes of 1907 $425,000,
and as no part of these taxes will be
available before November 1, it is ap
parent that the state must borrow
$175.000 to pay expenses before the
taxes of 1907 are available. The
state's revenue for 1907 for taxes
estimated and based upon the present
assessments of $249,500.000. at a rate
of 4 1-2 mills on the dollar, would
realize $1.122.750. To th'is add from
indirect and other sources $151,400.
This would give a total estimated re-']
venue of $127.150. If the estimat
ed expenditures, $1,271,784, are not
exceeded,. then a state -levy of 4 1-2 t
mills will pay all appropriations."
It so happened, however, that the
appropriations exceeded his estimates c
by about $180,000 and for that rea
son it was thought that the state (
would be just that much behind. r
Tihe revenues from the franchise or i
eorporation tax amount to $78,353,
against an estimate of $70,000, due
principally to collection of the fines
and penalties. The state taxes from
the railroads will show an increase of
$50,000, due to the raise of $11,500,-V
000 in values, while the state taxes on
real estate will amount to as muchi
on account of a pro,portionate in-'
crease. The insurance fees will brinzi
in about $47,000 against e stimate
of $42,000 and the fees fro:n the -of
fice of the secretary of state will li
amount to about $20,000 against an
estimate of about $18,000. All of o
these increases will bring the revenue a
up about $120,000 and therefore the a
defieincy will not be over $65,000. b
This twill be still further reduced t<
by the turning back into the state i
treasury of some funds left over
from the high school appropriattion
as well as some other unexpended ~
At the next session of the general
assembly, however, it is almost cer- 3
tain that a more systematic effort i
will be .nade for estiniating the rev
enues of the statet as well as provid
ing a more uniform tax law.
TO QUIT OFFICE.
Mr. Lee G. Holleman to Go With1
People's Bank-The Report ,
- in Anderson.
Andersion. Nov. 12.-Mr. Lee G.
Hlolleman will in all probability hand
in his resignation as state bank exam
iner to Gov. Ansel, effective January
1. t has been rumored on the streets
here for a day or so that he will be-i
ere connected with the Peoples'
bank of Anderson about the first of
the year and that the capital st'ock
'of the hank will be increased from
$100,000 to $250,000. The bank now
has a surplus of about $60,000 an dlI
with its increasing business it~
needs a larger capital stock and also E
additional help in managing its af
fairs. When asked about the matter
today Mr. Holleman said there had
been some negotiations looking to hisI
becoming conneeted with the bank and (
that while the matter has not been
definitely settled, he thought it quite
likely that the deal would go through.
If Mr. Holleman does become con
nected with the bank he will continue'
as state examiner until the close of
-the year, in order to finish up his c
year's work in that office, and will
tender his reaio'nation to Gov. Ansel I
wii. thePeope's ank nti
luow that he is c 'ing back to stay.
Because Large Part of Population
Made up of People Who Are
There by Chance.'
Blindfold a Londoner of the centre,
>ut him down in the Caledonian road
)r on Brook Green or at Herne Hill,
-hen take off the bandage and ask
aim where lie is. The chanees are
-en to one he will have no notion at
ill. says the London World. They are
aot ihabited by Londeners in the
-rue - but the per-ple whom acci
lent or recessity has brought within
,hc metropolitan area and who would
)C just as happy 200 miles awawy.
nheir anmsplmre is not metropolitan.
h:n dthe Ce-itre. .ney a:
)n the fringe.
That is why London has so little
ocal pride. It is not a community.1
[t is a congeries of suburbs, each with
ts separate narrow interests, grouped
iround a little city whose citizens
1ave lo wide a horizon that they can
;pare next to no attention for local
tffairs. How can civic patriotism be
xpeeted from a man who spends all
iis week-ends at a house in the coun
;ry, the spring on the Riveria, the
Lutumn in Scotland of the Mediterra
1ean? London is to him only an inei
lent with boundaries probably small
,r even than those which I have sug
The real Londoners are those who
vould not consider life worth living
tnvwhere else. The real London is
he small place wherein are to be
'ound the interests which will their
ives. Hundreds of thousands of sub
irbans have never seen a picture i:
Iondon, never been in the opera or
he play, could not tell St. Paul's
rom the Abbey or distingu4 be
ween St. James' and G6vernor
>quare. Per contra, few real London
rs know anything about the regions
n the fringe.
The immensity of London is the
onstant subject of bewildered com
aent. It is the littleness of London
rhich astonishes me.
Pat Tells Biggest One.
An, Englishman, an Irishman, and
,Scotchman were one day arguing
s to which of the three countries
sossessed the fastest trains.
''Well,'' said the Englishman,
'I've been in one of our trans, and
h~e telegraph poles have been lige a
''I've seen the milestones appear
ke tombstones,'' said the Scot. I
''Be jabers!'' said Pat, '' I was']
ne day in a train in my country, (
nd we passed a field of turnips, and
field of carrots, also a field of cab
age and parsley, then a pond of wa
ar, and we were going that quick I 2
iought it xreas broth!''
Putting a litle more in than you
tke out will eventually fill your
BEST BY TEST OF TIME-Par
oid, Asphalt Gravel and Asbestos I
Spark proof roofing. I have studied
the roofing question and will not
sell any but the best. Come and see
C. H. Cannon,
Newberry, S. C.
We L enc
We provide easy term
We enable borrowers
n Monthly Installments,
tllowed to meet obligati
It is cheaper than~ payi
o save money to buy a I
If you want toisave mt
ake a Security Contraci
Call on A. J. Gibson, A
rreasurer, at office, cori
treets. next door to oni
and all kinds of
Phone 247 and have every
thing delivered promptly'to your
We are now located on Main
street, also at the old
EXECUTORS' SALE OF LAND.
Good Timber and Bottoms.
By authority given us in the will
of John A. Cromer, deceased, we will
sell at public outery at Newberry
Court House within the legal hours
of sale, on -Salesday, December 2nd.,
1907, that tract of land in Newberry
County lying partly on Heller's
Creek, and containing 128 acres,.
more or less, boun'ded by lands of 1
estate of Wm. Ruff, deceased, other
ands of John A Cromer, deceased,
and lands of D. A. Kleckley and Joe I
TERMS: One third cash, balance
payable in one and two equal annual
instalments, selured by bond of the
purchaser and mortgage of the pre
mises, with interest from day of sale
at S per cent. payable annually, with
eave to anticipate payments in whole
r in part. Purchaser to pay for pa
pers and for recording.
Daisy E. Cromer,
Geo. B. Cromer,
DOWN - DOWN - LUMBER and C
building material of all kinds.
Flooring, eiling and shingles of all
grades, sash, doors, blinds, laths. i
roofings, etc. C. H. Cannon will
give the very lowest prices and
meet all competition. He is in fot
small profits arid large business.
NOTICE TO OVERSEBS.
All overseers of puiblic roads in
'ewberry county are hereby ordered
o work their respective sections for
he full time, as required 'by law, by
)eember 1st, 1907. Herein fail not,
n pain of the penalty of the law.
J. Monroe Wieker,
Nov. 2nd, 1907.
OTICE OF FINAL SETTLEMENT.
Notice is hereby given that I will
1ke a final settlement on the estate
f Henry L. Gallman, deceased, in
bie probate court for Newberry
oity, on Monday, December 2, 1907.
t 10 o'clock a. in., and immediate
E thereafter aipply - for letters dis
Executor of the last will and testa-!
ient of Henry L. Gallman, deceased.
s of payment.
to accumulate a fund
,on which interest is~
ons at maturity.
ng rent. If y,ou want
aomne take a Security
>ney for any purpose~
:. It pays.
sstant Secretary and
rer Boyce and Adams
Which Comp.any wiil pay the largest dividends?
Which Company issues the most complete policy?
59.3 per ct. cash dividend pal
It PAYS the LARGEST DIVIDENDS
$50,000,00G is part of the
More than is offered-b:
It wrote last year (paid for business) over
3tate), being nearly as much as any other three
It was organized 40 years ago on "Old Lin
han 40 States and Territories. It has over 13
tess in force
The stockholders, who are well known, ar
550,000,000 are personally liable in an i
ngs, for all the debtslof the Company; extra si
Lnd offered only by the Pacific Mutual Life Insi
Jnder these same laws the directors of the con
>fficers. Funds must be invested in non-spE
>any funds aie under bonds.
The Greatest Combination o Stro
The Pacific Mutual Life has the best legal
ees of any American Life Company. It is a n
ias many :dvantages not enjoyed by the Eastei
iies. It has a surplus to policy-holders of near
iolders over $20,UOO,000. It is governed by c
leposited with California State Treasurer $1,20
Fhe Cash Capital, One Million Dollars, Fuly
ion of policyholders. The Complete Combinat
3ickness, Accident, Old Age and Death; they e
ONE CONTRACT, ONE PRI
Life Disability, Accident, and Disease Insu
ase cost annually only 3 per $1,000. Life p
:osts policyholders absolutely nothing. Should
vhy; you cease paying premiums and receive a
ash for ten years.
Veekly Income (52 weeks) in case of acciden
'ayable in case of insured's permanent and tot:
PROTECT YOURSELF in order tt
Call to see us.'
Office over Old Postoffice, Newberry, S. C.
Liberal cor1tra&cts to agernts.
If you desire to buy insurance, lefus hear
when yo-u ec.Afnethtabl a raIh
s nlrecrqunithnay othr Y( ece h
ofheekid manfruils of AMRCA rENown crope
miles yod buy fmene fence haties.c break outhi
foe Yocant how you th fence ou buy,c weigh exan
wagn. Nowl, im andse as fatand ytouso knowes.
We ha gve inayusce th ceiedra
sod il qunttes thanayoter to csi h
Wes cahwyti fi elne o urusokadecli
eceived. Fresh supply (
. A ,>w rare of mo.taity.
2. hiaximum interest earnings.
3. Minimum expense rate.
d on policies maturing 1906.
paid by any company.
extra protection offered by
y any other company.
,000,000 of business in C-lifornia (its home
e Basis." It is now doing business in more
000,003 Assets, over $100,000,000 of busi
d conservatively estimated to be worth over
inlimited a.egree, according to their stockhold
)curity required only by the Ca'ifornia Laws,
irance Company of Los Angeles, California.
)pany are liable for the wrongful acts of the
culative securities. Off2cers handling o r -
Ig nsurance Feature Ever Devised.
organization, and gives the greatest guaran
iedium sized Western Company and as such
n "giants" nor by the smaller young compa
ly $2,000,000. It has paid account policy
tringent Insurance Laws of California., It'has
0,000 for special protection to policyholders.
Paid, is special legal surplus for the protec
ion Policies protect for one premium against
mbody "all modern irnprovements" and are
EMIUM, FOUR BENEFITS.
rance all in one Contract. Accident and Dia
Femium rates are low. Disability- Insurance
ydu become totally and permanently 'disab'ed,
nnually one-tenth of the face of the policy in
t. . . . $50
kness. ' . . .7 . $0
4 disability . . . . $10,000
. . . 0 $10,000.
at you may PROTECT OTH ERS.
Gen. Agt. for South Carolina.
-a o wat -n htyuhveargtt xet
rog or bra doni- o ot pyggooe
_ug totr -h evetPrhrno o ei
-tht per -unn ro,yuoti-h otwih
iatyo merit and whaioiynt yonlyve igh th ol epect,
Sard lstid of his fence,a n rc.I smd n
orl,tel yon itpmries
at hi wnio ie and funs,thiron wire