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wHLAT mn[a MEN SAY
Expressions of Opinion From Cotton
Manufacturers of South
With a view to aseertaining the
sentiment regarding Attorney General
Wickersham's institution of proceed
ings against Messrs. Hayne and
Brown, cotton bulls, the State has
sou4Lt opinions from many of the
leaDJing cotton mill men of South
Carolina. A number of them declar
ed themselves insufficiently acquaint
ed with the issue .to -discuss it, but
several were willing to state their
Spartanburg, April 19.-The day
has brought forth no crystalization of
opinion among the cotton mill presi
dents of Spartanburg upon the aetion.
of Attorney General Wickersham in
instituting proceedings against the
alleged Hayne-Brown cotton, pool,
many of the most prominent mill
men are out of the city, and others
who are here say they are not suffi
ciently informed as to the meaning
of this action, to comment on it at
this time. There are those who think
the government has made a blunder.
Aug. W. Smith, president of the
Woodruff cotton mills and head of
the chamber of commerce, when ask
ed last night what effect the action
of the federal government against
the leaders of the bull campaig-j
vwould: have on the mills of the Pied
mont, said that he was not sufficient
ly acquainted with the subject to
speak with any authority.
Another mill president, wpo de
clined to permit the use of his name,
said: "'This is a subject in which I
am so very much interested that I
hardly know where to begin. There
can be no question that it is the out
come of the same old feeling that
existed' between the New England
States ard the South more than 40
years ago. I do not mean to say
that all the bulls are in the South
and all the bears in the North.
"I have had them to come to me
.from the New England States and
say, 'Why don't you of the South
raise more cottonl' I have invariably
answered them with the questions
'What is the use to raise more and
raise it at a disadvantage P' they have
done all they could to depress the
price of cotton and having failed they
*bave appealed as a last resort to the
government. They do not seem to
realize that the Southern farmer is
"This present action may develop1
into one of broad significance. At'
this stage one can not foretell the
result. The New Englander cani not
see why it is the -Southern farmer
can't raise cotton now as cheap per
.pound as he did some years ago.
"At the time to whkhl they refer!
the Southern farmer was what you
might term the slave to cotton. Since
then he has risen to a height of in
deg>endence, and it will be of inter
est to watch the outcome of the pres
Just Instituted by Bers.
Easley, April 19.-'"I think the'
movement of Attorney General Wick-'
ersham was instigated by the hbear
.clique in New York to reduce the
yrice of cotton goods," said W. N.'
"A combined effort has been pur-;
-sued for several weeks to demoralize
the mill industry and ruin the holders
*of spot cotton which was not mater
alizi::g fast enough, hence this move
ment to further depress prices."
May .Be Excusable.
Anderson, April 19.--Concerning
the government 's move against the
leading cotton bulls J. D. Ha.mmett,
president of the Andterson Cotton
mills, the Orr Cotton mills and the
EJhiquola Cotton mills, said tonight:1
"I have no sympathy with any
movement which unduly depresses
prices at the expense of the produc
er, neither have I any sympathy for
a movement which enhances prices
apparently 'bey"ond the point oon
sunmers can affo: d to pay and that is
par-tieuIarly trure when the produe
.er reaps little if any benefit because
,of the inflation in value of any comn
modity.. As I see it the present in
nation in value in cotton is largely
because of the speculative interests
aE it is immaterial to me whether
the speculator is on the bull or the
"I think his ability to inflate or
*depress pricees of any commodity
which is nece. .ry to the publie good
should~ be condemned. I am averse
to the government going too much
into private affairs, but if the gov
ernment can legally prevent inflation
in values which is ruinous to the pub
lic or if the government can prevent
depression in prices that is ruinous
to the producer then it may be ex
Ieusable for the goverriucrt to take
Greenville, April 19.-A conference
of the cotton manufacturers of
Greenville and vicinity was held this
afternoon for the purpose of discuss
ing the action of Attorney General
Wickersham concerning the proceed
ings he has instituted against the al
leged Hayne-Brown cotton pool.
While no official statement is given
out from the meeting, it may ibe stat
ed that the intervention of federal
authorities in the market just at this
time is deemed unwarranted, and is
taken as showing a possible bias in
favor of the market's depression. In
dividual statements concerning the
situation have been obtained from a
number of mill men and these out
line plainly the position of the manu
Lewis W. Parker, president of the
Olympia and Granby mills of Colum
bia and Victor and Appalach mills of
Greer, said, after the conference: "If
the action of the grand jury in New
York looks towards the investigation
of the purpose of certain Southern
mills to take up cotton in New York,
I can only say that I have purchased
contracts oni the New York cotton &x
change and have arranged to accept
the cotton due on these contracts.
The New York cotton .xchange has
always claimed that its contracts rep
resented actual cotton and that there
would be delivered actual cotton
wdhen contracts were purchased. The
Southern mills have simply found: it
to their interest to buy these con
tracts and expect cotton, and the
New York exchange owes it to it
self to see to it that the cotton is
"There has been long in my mind.
a. view that the effect of extreme spe
eulative selling of cotton contracts
was to depress the price of spot cot
ton and I have felt that the only way
to teach those who sold what they
1idn't have a lesson, was for the spin-!
ners who need cotton to buy contracts
in the exchange. This year condi
tions were such that the mills who
needed cotton, inasmuch as cotton'
was selling considerably cheaper on
the New York cotton exchange than
it sold in the South, were justified in
buying on the exhange. Besides
that, it has been to the~ interests of
the spinners to maintain a stealdy
price for cotton and to prevent the
extreme flucetuations which have ap
peared from time to time.''
Why They Bought.
'Capt. E. A. Smythb, president of
the Pelzer mills, said- that he und'er
stood that the representatives of the
Ndw Yorlf cotton exchange, whel
they testified before the congressional
committee to investigate the New
York cotton exchange, said that all
sales on the New York exchange wers
expeeted to be for delivery of actual:
c(ott.on and that the exchange stood
to see that all cotton sold by me.m-!
bers of he exchange was delivered.
Soime weeks ago the New York cotton
ex(change depressed the price of con-.
tracts in New York far below a par-i
ity w7ith the value of spot cotton in
the South, and the mills needing cot
tao 'fel; they could secure cottbn'
:-heaper in New York by buying those
eontracts than they could buy the
einual spor cotton in the South at the'
"They did so, I understand, hay
ng tw.o objects in view,'' he said.
'One to buy cotton cheaper than they
;ould buy it at home, an.d believing
:hat the cotton would be delivered to
:he~m without question, acceording to
:he testimony above referred to, and
:hie second reason was that the New
ETork contracts, being depressed, were
having an injurious effect on the
value of cotton goods, and by buying
he cotton in New York they believ-2
d they could maintain the full rela
:ive value of the New York contra.ctsI
>n a parity with spot cotton, and in'
:his way stimulate the dry goods
>usiness. So far their expectations
lave been realized and cotton quota-,
:ions in New York, on which values
3.re based as a general rule, have been.
naintained nearer the value of spot
:otton and the law of supply and de
nand has been followed; ,but it'
trould appear now that some cotton
iealers in New York have sold cot
ton for relief in some way to avoid
Llling their con.tracts with the cotton
President J. M. Geer of Easley
''The intereference 'by Mr.' Wick
ersham is simply outrageous. An at
tempt is being made by the govern
ment to assist the bears in depressing
the South's greatest commodity, cot
ton. Why deny consumers t'he right
to demand the delivery of an artiele
bought in good faith?' Tdhe s'uit must
evidently 'be at the instigation of
b)ears who have sold and are unable
to deliver. Shame on the government .
for allowing itself to be used as a
,Loans and Discounts
Furniture and Fixture
Banking House .
Overdrafts, Secured a:
Cash on hand and wil
JNO. M. KINARD,
NE YEAR MORE OF ALDRICH.
Stated Authoritatively That Senate
Boss Will Retire in 1911.
Providence, R. I., April 18.-The
report that Nelson W. Aldrich would
etire as United States senator from
Rhode Island at the expiration of his
erm in 1911 was eo-nfirmed today by
o high an authority as Gen. Charles
. Brayton, Republican national com
itteeman from Rhode IMland.
"Under no circumstances will Sen
tor Aldrich be a candidalte for the
United States senate again," said
Joen. Brayton. "This is an authori-.
btive statt,ement and 1s made afer due
onideration by the senrator, who will
-: re to private lfe, somewhat be
ause of ill health.''
This statement followed a visit by
(en. Brayton to Senator Aldrich, at
le latter's country seat at Warwick
feck last night. Today he senator
Lft for Washington.
The seniator himself said:
"I can not discuss this story of
ny re'ported retiremnent. If Gen.
rayton says it's so, he may know.
erhaps there may he something giv
an out in Washington.''
Although the senator remarked, in
esponse to inquiries, that he was
feeling pretty well,'' friends who
~ave seen him say that the improve
ent in .'his health from his recent
drp to Florida' does not appear to
ave been entirely satisfactory. Stom
eh trouble developed while Senator
Jdrieh was in the West during the
~ast winter, and it is evident that
e effects of that illness have not
Senator Aldrich has held his seat in
e s6uate since 1881.
M~UST BLIEVE IT.
Then Well-Known Newberry People
Tell it So Plainly.
When puiblic e.ndorsemenrt is made
y~ a representative citizen -of New
erry the, proof is positive. You
ust believe it. Read this testimony.
~very bac'kache sufferer, every man,
oman or child with any kidney trou
)le will find profit in the reading.
D. A. Rivers, of New'be'rry, S. C.,
tys: "For several months I was
othered by a dull pain across the
nall of my back and kidneys. This
'as present day and night and causei
e to lose much sleep. I felt languid
ost of the time, had a poor appetite
ud was unfit for wonk. The kidney
eretions were unnatural and from
1hi3 symptom, I thought that possi
y my kidneys were the cause of my
oble. Learning of Doan's Kidney
Pills, I procured a box at W. E. Pel
am & Son's Drug Store and began
ising them. The pains soon left my
~ak, my kidneys became normal and
y health improved. I highly rec
~mmend Doan's Kidney Pills."
For sale by all dealers. Price 50
~ent. Foster-Milburn Co., Buffalo,
ew York, sole agents for the Unit
1d States. . -1
Remember the qiame-Doan 's-and
ake no other. i j
Giles-Do you want to get next to
~omething there's lot of money in?
Giles-Well, go down town and
REPORT OF THE
the Close of Busir
Condensed from Report
. . . $418,493.48
s . . 3,116.93
, . . 9,750.00
id Unsecured 9,592.61
:h Banks . 48,293.92
The Bank That Alwa
4"0' Paid on Sa
DR. O. B. I
ON THE POINT
of getting insured when your house
burned-that is a story you often1
hear when a man has lost his honie
by fire. Procrastination is a thief
of time, so be wise today and in
sure your property before it is too
late. An insurance po1 cy is the
kind of a friend in need that you
will appreciate. We will lusure
you in a good company at a low
rate of premium.
Security Loan & Invesitmant Co.
J. N. McCaughiri,
W. A. McSwain,
'h e More Critical the Buyer, the More lie
super ior constrution and manyrmea
I ~ sta4ndard of today.
| Will cost you nothing~ to investigate
J. WILSON GIBBES,
General Agent, Coflumbia, S. C.
Carolina Cotton School
17 East Trade St, Charlotte N. C.
WANTED men to increase their earn
ings by le'arning the c"-tton business in
or sample rooms, under an expert cot
We teach grading, averaging, ship
ping, buying and selling cotton.
American and Liverp 'ol classification.
Great demnand in the cotton belt for men
wLo understand the cotton business.
We guarantee to Learn anyone with
ordinary eyesight inl 30 days. Now is
the time to enter to make good con
tracts the coming season. Write for
terms and endorsements of former stu
Every family and especially those
who reside in the country should be
provided at all times with a bottle
of Ohamberlain's Liniment. There
is no telling when it may be wanted
in case of an accident or emergency.
t is most exeellent in all cases of
rheumatism, sprains and bruises.
Sold by W. E. Pelham & Son.
RRY, S. C.
iess March 24, 1
to State Bank Examiner.
Capital . . .
Surplus , . .
Undivided Profits .
Dividends unpaid .
Cashier's Checks .
ys Treats You Right.
The Southern, Seaboard., and C
the South. All pass through Ric
go out on next train. Shipments
in S. C. the next morning.
All.goods guaranteed under Pu:
4 Quarts $.oo. 8 Quai
Red Deer Corn 3.
Red Deer Gin 3.
Bele Haven Rye 3
Sydnor XXXX Rye 4 Qts. $
Sydnor XXXX Corn 4 Qts. $
Sydnor XXXX Gin 4 Qts. $
Od Capitol Rye $5.
Fern Spring Rye 4.
John Black's Private S. 4.
I. E. Goff AAAA Rye 3
Goff's AAAA Rye 24 I
Bell Haven Rye 24 1
Red Deer Corn 24 I
Red Deer Gin '24 ]
Sydnor XXXX Rye 24 ]
Sydnor XXXX Corn 24 ]
Sydnor XXXX Gin 24 ]
In Bulk. 1 gal.
AA Rye $2.50
AAA Rye 3-bo
Straight 8 Yrs. Old Rye 5.25
AA Corn 2.50
AAA Corn 3.50
AA Gin . 2-50
AAA Gin 3.50
IMPORTED AND BONDED (
are in Stock. Price list sent on a
Remember, I pay express charg
Post-office Order, Express money'
exchange or Cashier's check.
712 East Broad St.,
Diarrhoea should be cured withou
oss of time and by a medicine whic
ike Cham.berlain 's Colic, Cholera an
Diarrhoea Remedy niot only cure
[romptly burt produces .xo unplea
nt after 'effects. It never fails an
s pleasant and safe to take. Sold b
W. E. Pelham & Son.
SALE BY ADMDTISTRATOR.
By virtue of the power to m'e gis
en in an order of th'e probate cour
of Newberry County, South Carolinm
I will sell at pmblic outcry, to th
highest bidder or bidders, for easl
on Saturday, th'e 30th day of Apri
1910, at 12 o 'cloc~k mn., before the ol
court house building, at Newberr
South Carolina, the personal propei
v of the estate of the late 0. M
Jamieson, deceased, consisting o
bhre '"'e of the capital stock o
. . $50,000.00
. . . 26,619.59
. . 1,214.00
. . 355.96
- J. Y. McFALL,
oast Line reach nearly every
bmond. Orders received on o
made from this point -reach an
-e Food and Drugs Act.
id'Gin 100 per Ct.
ts $7.75. 12 Quarts $11.oo
00 5-75 8.50
00 - 5.75 8-50 -
00 5 75 8.50
2.60. 8 Qts. $4.75. 12 Qts. $7.00.
2.60. 8 Qts. $4.75. 12 Qts. $7.oo.
2.60. 8 Qts. $4.75. 12 Qts. $7.oo.
:s. 8 qts. Case I2 qts.
75 $11-oo $15.0o
5C 8-75 12-50
7.-7 5 10.50
50 6.75 9.50 -
'ts. $9-50- 48 Half Pints $10.oo 9
'ts. 9.00. 48 Half Pints 9.50,
'ts. 90oo. 48 Half Pints 9.50
'ts. 9.00. 48 Half Pins -9.50
>ts. 7.50. 48 Half Pints 8 oo
'ts. 7.50. 48 Half Pints 8.oo
?ts. 7.50. 48 Half Pints 8.00
-2 gal-. 3 gal. . 4 gal.
6.8o 9.20 12.20
10.00 14-75 18-50
4-75 6 85 9-10
6.8o 9.20 12.20
4-75 6.85 9-10
6.8o 9 20 12.20
}00DS, Brandies, Wines and Beer
es oni all goods except on beer. Send
>rder, Registered'letter, New York
t the Mollohon Manufacturing company
1 of Newberry, S. C., one set of ency.
I elopedia britannica, one bureau, coe
s wardrobe, one bedstead, one pair of
- opera glasses, one hoisting engine,
B . C. Perry,
I Qualified Maministrator.
Newberry, S. C., Apiti 11, 1910.
,Your tongure is coated.
Your breath is foul.
Headaches come and go.
These symptoms show that your
stomach is the trouble. To remove
'the cause is the first thing, and
iChamberlain 's Stomach and Liver
Tablets will do that. Easy to take
and most effective. Sold by W. K
JPelham & Son.