Newspaper Page Text
A FINE COMPANY.
Xayer, McSwain, lVerts, ^IcCangrhrin,
of the Newberry Insurance and
The April number of the Bulletin,
a publication of the South Atlantic Life
Insurance company, has the following
interesting announcement as one of
tlie "most important items of news
from the field standpoint":
4 "The two most important items of
news from the field standpoint are the
appointment of the Security Loan and
Investment company as general agents
at Newberry, South Carolina, and J.
C. Kaufman as district agent at Portsmouth.
Mr. Kaufman has for years represented
the Mutual Benefit of Newark,
hut has come to the conclusion that
the South Atlantic is the company for
him to represent, and he brings with
ihim many of his former agents, including
Messrs. Max Goldblatt, H. M.
Myers, B. H. Congleton, S. E. Buxton,
ft T or*
v. j?. X J iUi
? Mr. Kaufman has a wonderful record
as a personal producer, having- led
the Mutual Benefit agents in the United
States for the first two months of
1912, as well as an organizer and leader
of men, two qualities that are rarely
found in the same person. Manager
Swink deserves to be doubly congratulated
for this achievement. Swink is
accustomed to doing big things, Kaufman
and his co-workers will be found
t well up on the leaders' list each
"The Security Loan and Investment
company, at Newberry, South Carolina,
> "will represent the South Atlantic as
general agents for the western portion
of South Carolina- With F. J.
Parham at Columbia and the Security
[Loan and Investment company, we
now have an organization in South
Carolina which we believe to be second
to none. W. A. McSwain is vice
president and manager of the insurance
department To his lot will fall
the work of organizing the agency, in
| which he will be most ably assisted
by Mr. R. M. Werts, special agent Dr.
O. B. Mayer is president of the corIX)ration,
and Mr. J. N. McCaughrin is
the secretary and treasurer. These
igentlemen each take an active interest
in the business of the company and are
indispensable in their various positions.
In addition to this, the Security
k Loan and Investment company has as
directors the most- prominent
business men in their section, and they
are directors who direct. Before we
were able to make this contract the
whole matter had to be discussed, not
only with the above named officers,
but before the board of directors. To
Dr. J. H. Smith alone belongs the credit
for this appointment There is going
to be a close race in South Carolina
between Parham and McSwain."
PRESIDENT'S TRIBUTE TO FRIEND.
Praise of Major Butt Touehes Hearts
? Augusta, Ga., May 2.?When Presi
dent Taft left Augusta at 3.50 o'clock
t this afternoon a special train scheduled
to run through to Washington, it
"was after he had touched the hearts of
the people of this part of Georgia as
h^ perhaps has never those of any
other part of the country.
His visit was more in the nature of
a friend, come to pay a tribute to the
memory of a friend on the occasion of
the city's memorial to Major Archibald
Willingham Butt, than in the outward
* , demeanor of his official position, and
that suppressed emotion which was
visible to his audience as he delivered
a personal tribute to Major Butt, has
deeply touched the people here.
After the memorial ceremonies at
the opera house, a brief informal recption
was held at the Commercial
club, when a number of the president's
f t*i on rl c -marlzx Hiir-incr nmvinilc visitR
Ai iVliUW) *11 U>V*V yA V AV MM * -~- ??
to the city, met him again. During the
** early afternoon, until his train time,
the president was entertained at the
* home of Mr. Landon Thomas, on the
Major Butt's Old Home.
Augusta was Major Butt's homeapd
for several hours today business was
practically suspended, while memorial
services were conducted in the grand
opera house. Flags were at half-mast
on most of the public buildings and
thousands of persons crowded around
L ' the opera house anxious to hear President
Taft speak. >
Other speakers on tie program were
Major Joseph B. Cummings, of Augusta,
and the Rt Rev. Thomas F.
Gailor, bishop of Tennessee.
President Taft reached Augusta at
8 o'clock this morning. He was a
breakfast guest of Mayor Barrett. Af,
ter a reception at the Commercial club
I this afternoon he leaves for Washing>
ton, where he is due early tomorrow.
The President Touched.
The president was visibly affected
by the tributes paid to Major Butt.
There were tears in his eyes as lie
called up memories of- the man who
was his aide ever since he entered the
White House and who had travelled
thousands of miles with him.
Mr. Taft made only a short speech
: but he came near breaking down twice.
i "X'wp.r did T Vnnw Virvw miif>h ho wac
to me until he was dead," said the
president "lacking nothing of selfrespect
and giving up nothing he owed
j to himself, he conducted himself with
| a singleness of purpose and to the hap1
piness and comfort of the president
; who was his chief. To many fine qual[
ities he added loyalty and when he bej
came one of my family he was as a son j
! or a brother."
Great Love for Mother.
Mr. Taft told how he met Major j
Butt, first in the Philippines and lat- ;
! er as aide to President Pcoosevelt. He
dwelt on Major Butt's devotion to Mr. j
Roosevelt and himself.
"It has always seemed to me," said i
1 the president, "that Archie never mar!
ried because he loved his mother so.
! The greatest sorrow of his life was
when she left him."
Mr. Taft concluded with a word more
as to Major Butt's spirit of self-sacrifice.
"Self-sacrifice," he said, "had bej
come a part of his nature. If Archie
i could have selected his time to die, he
would have taken the one God gave
GLORIOUS DAY FOR WISTHROP.
Corner-Stone of >'ew Training School
Building Laid, With Impressive
Rock Hill, May 3.?This has been j
a glorious day for Winthrop college j
and Rock Hill, and as evidenced by j
the many visitors, for South Carolinai
as well, the institution today celebrat- j
I ing in ample form her twenty-fifth anj
niversary, and laying the corner stone
of her magnificent new Training
School for Teachers. Everything combined
to make the occasion an auspicious
one. After the assembly in the
auditorium of the college, and the roll
call of delegates, the guests and students
repaired to the front of the main
building to await, the arrival of the
Masons who were to conduct the ceremonies
of laying the corner-stone of
luie .magnincent Teacners' Training
School building. In double line and
forming a wide lane extending from
the gravel entrance of the college to
the corner of the new building were
stationed the seven hundred and fifty
Winthrop girls, and never in the 'history
of the State has the most Worshipful
Grand lodge of South Carolina
had the privilege of parading a more
beautiful avenue than this.
Line of March.
HP n r\ -mr? ?aVi a/1 ~ ? I
Jl. |/1 V/^CSOlUll UldlVUCU ctb iU i 1U \V b . |
Marshals: The Masonic order, the
grand master and president of Winthrop,
the trustees of Winthrop, the
delegates and specially invited guests,
the faculty of Winthrop, the alumnae
The Rev. Alexander Martin, of the
Presbyterian church made the invocation
and was followed by President
Johnson, who read a statement covering
the development of the institution
irom its beginning in the Preston stable
in Columbia with two teachers, to
the present spacious campus of fiftyeight
acres and a group of buildings
costing almost one million dollars. Of
this the State of South Carolina contributed
something over four hundred
thousand. Dr. Johnson did not so
State, but the remainder pas raised by
his efforts, of which he is and should
be, intensely proud.
The corner-stone ceremonies were
then conducted by Most Worshipful
Grand Master Geo. S. Mawer.
BLEASE WILL GO OS STRIP
FOR 2 CEST MILEAGE RATE
Governor Blease stated that he will
go on the stump this summer with his
inaugural address and recent statements
in which he advocated the pas|
sage of a flat two-cent rate mileage
; bill and with his opposition to the
1 Carlisle bill, made a law by the rejcent
legisature and compare these
with the order of the railroads in
which the roads announce that they
will issue mileage after May 1 for two
ppntfi. 2Ywr? nnlv -nrifhiTi +Vi^ ~ ^
. ~"*.7 ?utaic ctnu
; not interchangeable between roads
and that interchangeable mileage "will
not be good in this State, not even for
an interstate journey, part of which
is in this State.
On the foot of the new "mileage"
act Governor Blease wrote the follow:ing:
"This act will not accomplish
the good results that a flat rate of two
cents (if passed) would have. I shall
not disapprove this act, but am afraid
' it will be of little benefit. C. L. B."
Governor Blease in his inaugural
address advocated a two-cent flat rate
^"and today lie says he will quote on
the stump his several predictions and
show that the roads have benefited
i by tie "mileage" law.
I The thing now to be done by the
legislature, as pointed out by Governor
Blease today and Senator Carlisle re!
cently, is to pass next year a flat two
i cent rate bill.
AIKEN IS FOR UNDERWOOD.
Three South Carolina Congressmen
Now Favor Alabamian for Nomination.
Washington, May 3.?Representative |
Aiken, of the Third South Carolina dis- >
trict, said today that while he had ori- j
ginally been in favor of Harmon as j
the Democratic nominee for president j
he had been for Congressman Underwood
ever since the latter's candidacy
had* been definitely announced. Mr.j
Aiken believes that Underwood would .
carrv South Carolina if a preferential:
primary were held in the State. Two
other members of the South Carolina
delegation in the house are also favor- j
able to the candidacy of Underwood. j
The growth of Underwood sentiment j
in the Virginia delegation is likewise!
noteworthy, though Virginia's delegates
will go to Baltimore uninstruct- |
ed. K. F. M.
RURAL CARRIER'S SALARIES.
Representative Finley Protects Their
Interests Under ?vt Parcels
Washington, May 3.?Just before
the house of representatives passed
the postoffice appropriation bill a few
days ago, it adopted an amendment
offered bv Mr. Pinlev. of the Fifth!
South Carolina district, who is the
ranking member of the postoffice committee,
providing that in the new scale ,
of pay for rural carriers in connection
with the installation of the limited
parcels post established by the measure,
no carrier should receive less pay
than he receives noir.
This amendment was proposed and j
auupiea uecause it naa Deen iouna i
that the new scale, while intended to
increase the pay of the rural carriers
generally and actually doing so in
most cases, would have resulted in decreased
compensation in a small percentage
of instances. Mr. Finley fathered
in committee the proposition that
any provision for a parcels post, increasing
the work of the rural carriers,
should he accompanied by an
increase in their pay.
As predicted in this correspondence,
'the provision for a commission to investigate
the advisability and method
of installing a gener~" parcels post
system was adopted, with an amendment
requiring the commission to report
to the present congress at its next
HAD ELEYES CESTS; SOW RICH.
Farm Hand Inherits $25,000 for Res- j
cuing Little Girls.
Marion, Ind., May 3.?At work on a
farm, and with only eleven cents in j
his pockets, William H. Prickett today j
was told that he had inherited $25,000 ;
from Frank Horch, a ranch owner of I
Pocatello, I<iaho, .for having rescued
Horch's two daughters from their
burning home several years ago.
Prickett, then a circus bill poster, risked
his life by running into the blazing
house and carrying the girls to
safety. Horch's brother, J. H. Horch,
came here to notify Prickett of the bequest
KE3IBERT QUITS OLD CLUB.
Blease Leader in Columbia Joins Mill
Columbia, May 2.?George R. Rembert,
who was on last Saturday night
left off the list of delegates to the
Richland county convention from
Ward 1, in which he is a resident and
in which club he was enrolled, is now
enrolled in Ward 5 club, his name
having been put on that club roll since
the action of Ward 1 club in leaving
him out of the list of delegates. While
T"i r\ cfoto m mi .+ V> o ^ "h onn iccnorl olnno* i
; no xicco ut/Vii loouuu uiuiiw,
this line, it is presumed that Mr. Rembcrt
will be in the county convention
as a delegate from Ward 5, and this
action foreshadows a fight in the Richland
county convention between the
friends and opponents of Governor
Blease, for Mr. Rembert is the recognized
Blease leader in this county, and
the action of the Ward 1 club in leaving
him out of the list of delegates
is conceded to have been the work of
the opponents of the governor.
RHAME CASE IX COURT.
Right of Governor to Remove From Office
Columbia, May 3.?Arguments in the
quo warranto proceedings brought by
Attorney General Lyon to oust B. J.
Rhame from the office of State bank
examiner were heard today in the supreme
court, Mr. Rhame being repre
sented by \Y. F. Stevenson and H. W.
Fraser, whom Governor Elease appointed
bank examiner after he removed
Mr. Rhame, being represented by
B. L. Abney and G. R. Rembert. Attorney
General Lyon was present in
the court, but took no part in the proceedings,
Messrs. Abney and Rembert
representing Governor Blease's side,
and Mr. Stevenson handling the side of
Mr. Rhame. It was a pretty legal argument
between some of the best lawyers
in the State, and many lawyers
were present and listened to the
speeches of opposing counsel.
When the supreme court renders its
decision in this case it will decide who
is the legal bank examiner, and also
decide the right of the governor to re
move the bank examiner, all of which
was brought about by the governor's
removal of B. J. Rhame from the office
of State bank examiner following the
publication in the News and Courier
of the story of the Lexington Savings
bank, now in the hands of a receiver.
Judge Thos. S. Sease was appointed
by Gov. Blease to sit in this case in
place of Associate Justice Fraser, disqualified
on account of relationship to
Mr. H. W. Fraser.
AID SOUGHT FOB INDIANS.
In South Carolina is the earliest civ
ilized tribe of Indians in the United
States, and they are not the wards of
the government. These are the Catawbas,
and they number approximately
State Senator W. H. Stewart, of
South Carolina, is in Washington to
confer with the congressional delegation
of that State with the view of
having these Indians placed on the
same basis as all other red men, and
it is probable that a bill will shortly
be introduced to this end.
"It is strange, perhaps, that the Catawba
Indians, who have been wards
of the State of South Carolina for
many years should never have received
any recognition irom uie nauonai government,"
said Senator Stewart, "but
it is a fact, nevertheless. The Catawbas
are the only American Indians,
so far a? my knowledge goes, that
have always been friends of the white
man. They never took the blood of a
white man, and during all the early
struggles of the whites against the Indians
the Catawbas remained true.
They were in what is now South Carolina
when the first whites reached that
territory, and they have remained
"For a long time the Cherokees oc
cupied the same territory, and there
was continual strife between the two
tribes, for the Cherokees were among
the most bloodthirsty tribes on this
continent. In all the struggles the Catawbas
took sides with the settlers
against the Cherokees. The latter Indians
massacred many of the settlers
in South Carolina.
"The State government, after having
taken care of these Indians for so
many years, now is seeking to have
the national government make provision
for them, so that they can, in
common with other Indians, have lands
allotted to them and become American
citizens, which is ohly just and
NOTICE OF FINAL SETTLEMENT.
Notice is hereby given that the undersigned
will make a final settlement
4-U _ - ? Hf m
ui iue trstdLw ui m. JL. ueucctacu,
in the Probate Court of Newberry
County, on May 15, 1912, at 11 o'clock
a. m., and will thereafter apply for
letters dismissory. All persons indebted
to the said estate will make immediate
payment, and all persons holding
claims against said estate will file
the same, proved according to law,
with the undersigned or his attorney,
Eugene IS. Blease, Newberry, S. C.
T. L. B. Epps,
and Testament of M. T. Epps, deceased.
STATE OF SOUTH CAROLINA,
COUNTY OF NEWBERRY.
Court of Common Pleas.
C. E. Stephenson, Plaintiff, against
Mary J. Mabry, Harry Mabry and
John M. Kinard, Defendants.
By an order of the Court herein, I
will sell to the highest bidder, before
the Court House at Newberry, S. C.,
within the legal hours of sale, on
M/vnrloir "Woirfi 1Q19 nil t.Tlnf Inf.
iUVUUUJ , AUUJ \fy AVJkM) ? -- -J <c
or parcel of land situate in the town
of Newberry, County of Newberry,
State of South Carolina, known and
designated as Lot No. 8 of Block "B"
on a plat of the Hallman property,
made by F. W. Higgins, surveyor, and
now on record in the office of the
Clerk of Court for Newberry County
in Book "D," at page 411; said lot
fronts a ten-foot alley fifty (50) feet
and runs back therefrom one hundred
and fifteen (115) feet, being rectangular
in shape and bounded by said
alley and lots Xos. 4, 5, 6 and 7 of
Block "B." Same being the lot conveyed
to Young Mabry by TV. K. Sligh
by deed dated November 7, 1908, and
recorded in the Clerk's office for Newi
; berry County in Deed Book No. 17, [
:at page 190.
Terms of sale: One-third cash and i
; the balance on a credit of twelve
'months; the credit portion to be se;
cured by a bond of the purchaser and
1 a mortgage of the premises, with ini
terest from the day of sale at the rate;
of 8 per cent, per annum, payable annually,
and providing for insurance
on the house on said lot and assignI
ment of the policy to the Master as additional
security, and providing also
for 10 per cent attorney's fees in case
of collection or suit by an attorney.
Purchaser may pay all his bid in
cash, if he so desires. Purchaser to
pay for papers and recording of same.
H. H. RIKARD,
Master for Newberry County, S. C.
A meeting of the stockholders of the
] Glenn-Lowry Manufacturing Company
j is hereby called to be held at the
company s omce at vvnitmire, S. C., at
10 o'clock in the forenoon on the 17th
day of May, 1912, to consider and act
upon the following resolutions of the
directors of said company, viz:
Whereas, it is deemed desirable that
the capital stock of the Glenn-Lowry
Manufacturing Company be increased
by the issue of twenty-five hundred
shares of preferred stock of the par
value of one hundred dollars a share,
with the same preferences, liabilities
and conditions now attaching to the
ontstandiTie nrp-fp-rrAri stock of the
company, except as modified in the following
resolutions; said modifications
to also apply to the outstanding preferred
stock of the company; and
whereas it is further deemed desirable
that the capital stock of said GlennLowry
Manufacturing Company be also
increased by the issue of five thousand
shares of preferred stock to be
known and designated as Guaranteed
First Preferred Stock of the par value
of one hundred dollars a share, with
the preferences, liabilities and conditions
hereinafter set out in the following:
1. Be it resolved by the directors of
the Glenn-Lowry Manufacturing Company,
That the capital stock of the
par value of one# hundred dollars a
share; said capital stock to consist of
three classes, viz: Five thousand
shares to be known as Common Stock;,
ten thousand shares to be known, as
Preferred Stock; and five thousand
shares to be known as Guaranteed
first Jfreierreu shock.
2. Be it further resolved, that, subject
to the prior rights of the holders
of the Guarantee First Preferred
Stock herinafter set out, the Preferred
Stock shall have a preference over
Common St^ . both as to assets in
case of final liquidation and as to
cumulative dividends, out of the net
earnings-to the extent of seven per
cent, per annum, payable semi-annually;
the Common Stock to be entitled
to a like dividend payable semi-an
nually, but not cumulative, out of the
net earnings after the payment of dividends
on the Guaranteed First Preferred
Stock and Preferred Stock?
the dates for the payment of dividends
to be the first day of January and the
first day of July of each year.
3. Be it further resolved, That,
subject to the prior rights of the holders
of Guaranteed First Preferred
Stock, the two thousand shares of
Preferred Stock first issued shall be
redeemable at the option of the Com- j
pany at any time by lot after the first j
day of January, 1910; that the one j
thousand shares of Preferred Stock j
next issued shall be redeemable in '
like manner at any time after the firs:
day of January, 1915; that the fortyfive
hundred shares of Preferred Stock
next issued shall be redeemable in like
manner at any time after the first day
of January, 1920; and that the twentyfive
hundred shares of Preferred Stock:
to be issued under these resolutions
shall be redeemable in like maimer at
_ju. iV. -C?V,,,
any lime arier uie mtsi uay uauuary,
1925. All surplus profits, after
paying dividends, shall be appropriated
as follows: On and after the first
day of January, 1910, sixty per cent,
thereof to the purchase of Preferred
Stock selected by lot, and the remaining
forty per cent to go to the surplus
fund; the Preferred Stock so purchased
to be held by the Treasurer of the
Company until all of the said Prefer"has
hppn -rvnr phased and then
issued to the holders of Common Stock
as Common Stock pro rata; provided,
however, that the two thousand shares
of Preferred Stock first issued shall be
first redeemed and reissued as Common
Stock to the holders of Common
Stock next issued shall be redeemed
the one thousand shares of Preferred
Stock next issued shall be redemed
| and reissued as Common Stock to the
! holders of Common Stock pro rata, before
the Preferred Stock issued later
is so redeemed and reissued; providj
ed, further, that the forty-five hundred
, shares of Preferred Stock next issued
shall be redeemed and reissued as i
Common Stock to the holders of Com-1
mon Stock pro rata, before the twenty- |
five hundred shares of Preferred Stock
to be issued under these resolutionsare
redeemed and reissued as aforesaid.
4. Be it further resolved that the holders
of the Guaranteed First Preferred
c<i ? _-u_n T f _ w~
oiwtt. snail nave a'preieieute uvci uut?
Preferred Stock and the Common Stock
both as to assets in case of final liquidation
and as to cumulative dividends,
out of the net earnings to the extent
of six per cent, per annum, payable
semi-annually. No dividend-, shall be
paid on the Common Stock until thereshall
have been set apart from the
earnines a reserve for denreciation
equal to at least two and one-half per
cent, per annum, .of the par value of
the outstanding Guaranteed First Preferred
and the Preferred Stocks for
each year after the first day of April,
1913, provided, however, that such reserve
may in any year be decreased by
the amount charged off for depreciation
of property owned by the Company.
The action of the directors in
good faith shall be final as to the
amount of the said reserve to be 6et
apart and the deductions therefrom.
Beginning July 1, 1918, there shall
be set aside annually in cash from the
earnings of the preceding year oryears
after the payment of all divi?
dends on Guaranteed First Preferredand
Preferred Stocks an amount equal
to five per cent of the par value of theGuaranteed
First Preferred Stock outstanding,
to be known as "Redemption
Fund," which shall be used for the*
retirement of Guaranteed First Preferred
Stock as herinafter provided,
and until so used shall be invested ae
the directors may determine, and kept
apart from the other assets of the
company as a fund solely for the retirement
of said Guaranteed First
The Company shall on or before
June 1 of each year, beginning June1,
1917, invite bids, by mail, from each
holder of Guaranteed First Preferred
Stock, to be submitted not later than
the first day of July next following, for
the sale to this Company of such stock
to the amount of the "Redemption.
Fund" then available for the purchase,
of such stock and the offer or offers
__ 1. ? 1. _ _ i -P _ _i ii I
wnicn seem most iavorauie snau De
accepted by the directors, provided*
that not more than $120.00 plus accrued
dividends then remaining unpaid
shall be paid for each share of
The Company shall have the right*
upon mailing notice to each holder of
Guaranteed First Preferred Stock, at
least sixty days prior to any dividend
date, to retire the whole issue of
Guaranteed First Preferred Stock br
paying for each share an amount equal:
to $120.00 plus all accrued dividends
then remaining unpaid.
Upon any dividend on said Guaranteed
First Preferred Stock remaining
unpaid' for two years after the same:
becomes due or upon the failure to*
set aside the "Redemption Fund,'*.
herein provided, for two years fromthe
time required, the holders of the'
majority of the Guaranteed First Pre- +
ferred Stock, at a meeting of the holders
of the Guaranteed First Preferred
Stock, called for the purpose on thirty
days notice may elect directors, whoshall
thereupon become directors of.
this company, succeeding the directors;
then in office and forthwith elect officers
of this Company; and such right
on the part of holders of the Guaranteed
First Preferred Stock to elect directors
shall continue until all accrued
dividends upon the Guaranteed First
Preferred Stock shall have been paid,,
and until all deficiencies in the "Re?
. ia:TY?ivHrvn "Cnnd" shall have heen maria
U ^ WVU A- V4^1?A ? V - -
good; provided, however, that, if theother
stockholders shall at any time,,
without increasing the liabilities or
decreasing the assets of this Company, ,
provide a fund sufficient to pay the accumulated
dividends on the Guaranteed
First Preferred Stock, and to make
good the "Redemption Fund," the right
to such control shall at once cease
and a meeting of all other stockholders
shall thereupon be called to elect directors,
who shall have the power to.
remove the existing officers and elect
The holders of Guaranteed First
Preferred Stock shall have no right to
vote except when said two years default
occurs in payment of dividends
on said stock or in setting aside the.
5. Be it further resolved*That nc^
mortgage shall be placed on the plant
or plants of the Company until all of
the Preferred Stock of all classes shall
have been retired and taken up.
6. Be it further resolved, that the>
foregoing resolutions be submitted to
the stockholders of the Glenn-Lowry
Manufacturing company, to be considered
and acted upon by them at a.
meeting of said stockholders which is
hereby called to be held at the Company's
office at Whitmire, South Carolina,
on the seventeenth day of May,,
1912, at ten o'clock in the forenoon.