Newspaper Page Text
THE IIOISE GRAPPLES
WITH ROM) PROPOSALS
(CCA7: L\TED FROM PAGE 1.)
troduced by t'. e special committee on
"bond issues which proposes that the
State shall issue $2">,000,000 in bonds
to buy cotton :rom the producers or
r rm r-nt T An rm Tho h.TSlS
uf 9 cenxs a pound. To this bill
the^e was pending a committee
amendment offered by the committee
011 bond issues abolishing: the cotton
"buying plan of iis original "oil! and'
providing simply for the loaning of
money on cotton on the basis of 9
cents a pound. As an amendment to
tihe committee amendment Mr. Boyd,
the chairman of the committee on
bond issues, proposed that the basis
cf t:.e loans on cotton be reduced to
r- x_ _ J TU ? 'V*
i ceiiLs a puuiiu. iuc ivui ui uuuu
issue proposal'before the house yesterday
was the bill passed by the senate ,
authorizing the issuance of $35,000,000
in bonds, the proceeds from the sale
of >viiich were to be used in buying
cotton at 10 cents a pound, or loaning
to producers on cotton at 9 cents a ,
pound. All of' 'the measures con- ;
tained the provision in accordance
with tJbe constitution that they should
be submitted to the people at the
general election on Xevember 3. The
house, however, did not consider the ,
senate bill yesterday. A ft th bond
issue proposal be:ore the house was |
the bill by Mr. Irhiy of Laurens, proposing
the floating of $25,000,000 in
bonds to be loaned on cotton and on
real estate at long time to assist homeless
people to buy homes. The Irhy
debate was postponed until today, and
debate in the house centred around
the three proposals emanating from
i\ e committee 0:1 bond issues, disregarding
the senate bill.
>Ir. Irby Opens Debate,
:Mr. Irby of Laurens opened the
debate on t:ae proposed issue of State
, bonds. He is the author of a joint
resolution proposing to submit to the
niiftriifl fhck niipsst.iriTi nf i<?fsiuin2r S.25.
000,000 in bonds for loans on cotton,
long-time loans to citizens upon their
homes and aiding homeless citizens to
In regard to the committee's bill
to float $25,000,000 on cotton bonds,
]Mr. Irby said that if the State lost
money on the scheme tine loss would
fbe irretrievable, but under his plan
the resulting development of tine
would offset any loss.
"Ey the time the cotton bond issue
begins to reach' the people, the cotton
will be in the hands of men who
are able to take care of it," said Mr.
Irb>y. -"The men owning from 100 to
1.000 bales of the staple can afford'
!to bold them, but small farmers and
farmers whose homes are mortgaged j
and who need assistance can not be
helped by the proposed issue o' cation
'Mr. lrby said thait, Cough he
thought his bond plan pre erable to
that of the commitee, he would vote
for the passage o'f either bill because
in any case, the people would have
the last say at the election.
let People Dedde.
Mr. Ritt?>nberg of Charleston laid
it down as a general proposition that
he was willing to vote for any bill
which required a two-thirds vote of
tiie people to make it operative.
The Charleston member declared,
that South Carolina State bonds couldi
not be sold at par or anywhere near
par. He told of the difficulty 'Tennessee
had had1 in floating its refund1ing
bond issue. W!hen farmers tried
fco pay their debts with South Caroiin
bonds, they would only be accepted
at their market value, which
'would decrease rapidly as the money
market grew more straitened.
Mr. Rittenbe/g held1 that tfc.ere was
little possibility for effective curtailr\f
nrjii rtn i,r> +"h O ,
OiiVU(/ v/i VV/ftVU yi VAiUV'VAVlA v*AV
South generally because Texas, using
no fertilizer, could sell cotton at' six
fcents a pound and make money on it.
I-f bonds were issiued on cotton un 'der
the committee bill, farmers would |
get little for their cotton after paying
(Interest on the loan, insisted Mr. Rittenberg.
He proposed an issue o^
110,000,000 in bonds, secured by j
promissory notes on oottor. at six <
cents a pound, the bonds to remain in
( the State treasury to secure loans on
<t'he cotton notes.
*'Under the committee bill the State
stands to lose $5,000,000 or $10,000,- j
000 without accomplishing the desired'
end because even ff the State boughtI
all ol the cotton it could not in- \
urease the price, .for another crop will.
certainly be raised next year,1' insisted! i
Air. Rittenberg. "I am not opiposed'
to the bond issue but I am afraid that j
unless we make the proposition of j
floating the issue safe and sane two-.
thirds of the electors will not approve;
Cotton's Loan Talue.
Mr. Stevenson of Chesterfield took
"up the question whether a loan value
of five cents or seven cents or nine ;
rents should be placed on cotton, telliiig
the numbers of bales that could be
rtafcen care of under the various loan j
values. Under the Rittenberg pro- .
posal, Mr. Stevenson insisted that the
promissory notes on cotton secured by
un issue of bonds deposited in the
iStaie treasury would be poor negotiable
Mr. Stei.enson said r at if the State
lent money at "> per cent, it might create
a demand for a reduction of tho
legal rate of interest, which might or
might not be good for the Sta.te. In
regard to w'/.ether the bond issue
1.1 l, ? ~ o\T r GlfPVdVI
1 \\ U U I U. L? t* UlcX-d^ i^ioiauv/Ai, . i^w . v?
son held i . at it Vv'on 1 d not come under
this head because it would affect
every person in the State.
Mr. Stevenson declared thai the
J:,ouse committee on bond issue was
(irrevocably opposed to floating the
ipaper for the purchase of cotton, but
ihad agreed to a bond issue to loan
money on cotton. He said that farm ers
who pledged their cotton for a
iloan would have this as an incentive
<to curtail production.
Mr. Stevenson cited tie instance of
itae issue of bonds to rebuild Charleston
after the fire of 1S38, secured by
real estate, as precedent for the proposed
cotton bond issue.
JMr. Barnwell interrupted to ask
'if the venture had not resulted in a
heavy loss to the State.
iMr. Stevenson replied that the
'bondholders had lost but the State
!had collected e)very dollar.
Must See Reduction.
The Chesterfield member declared
"he would not vote for the cotton bond
-proposition unless he was convinced
'that some decided reduction was to be
made in the acreage devoted to cotton.
For this reason he did not think
*tne house should act until it had in its
'possession tfce cotton acreage reduction
bill passed by the senate.
llr. Barnwell of Charleston said
that the situation was indeed serious
but urged that the people take the
advice of President 'Wilson and keep
their heads in the crisis. He read the
^president's statement in the rooming
1 In regard to the 1838 ''Charleston
bond issue of $2,000,000, Mr. Barnwell
said that the State had required
that tJi:e city guarantee the bond is<sue.
As a consequence Charleston
had lost $100,000 on the bonds.
Mr. Stevenson said that the courts
*had made the 'State and the State
Ibank responsible for the bonds.
Mr. Barnwell insisted that the city
had finally 'had to pay the losses on
the bonds and cited authority to prove
.hat the city cad had to guarantee the
'? 'Mile State has got to depend entirely
on the coitton it receives to secure
its bonds." said1 Mr. Barnwell,
who discussed the various proposals
for issuing bonds.
Question of Time.
Mr. Barnwell said that the only ex
cuse advanced \or the floating olf the
bond issue is that it would give immediate
relief to the farmers.
"Let us assume that two-thirds of
the people will vote for the cotton
'jcjid issue of $35,000,000. It will take
time for the effect of the bonds to
Oe felt because tliiey will have to go
to the courts, be lithographed, be
sold aDd machinery organized to
float loans," said 'Mr. Barnwell. "All
this will have to be done before we
?can get the relief we need today. It
is absolutely impossible for this bond
issue to be floated under 60 days av?ter
"Has any one any assurance ?bat
the banks v/ill lend money on the
cotton bornts?" asked Mr. Barnwell.
"Can you go home and tell your farmer
friends truthfully that you have
tbought out every detail of this admittedly
radical legislation and that
you are sure the machinery behind
Under the national banking Jaws
Mr. Barnwell said that there was little
inducement for the banks to absorb
the issue. He told of issues of
bcn^s by South Carolina in the past
and L^ld that the State had very little
of which it could be proud in
lUbe history of these issues.
"We have a clear intimation from
the superior court that any measure
1 AnVinor f a fTi tvhw^oca rvf A/vrf An V?tt
1W u.xug w Jj/UIVUftO^: V/JL wttvu UJ
itihe State where the State took the
profits would be unconstitutional," declared
Mr. Barnwell. "Delay will be
fatal to this legislation. If you admit
the necessity ifor delay, then you
admit that this bond legislation is unnecessary.''
!Mr. Barnwell held that even if the
State merely loaned money on cotton
there would be room to question seriously
its constitutionality on the
(grounds o';" class legislation.
Mr. Barnwell made a very strong
,Mr. Stevenson offered a resolution
providing that the committee on bonds
should report a $23,000,000 bond issue
bill with provision that the monev
should be loaned or cotton on
some rpecified basis. The resolution
vras introduced in order :hat the comimittee
to Washington might ascertain
the sentiment in tfce house.
Mr. Fpps of Sumter agreed with
'Mr. Stevenson that if the State purchased
cotton outright from the farm
fers it would encourage t'.em to
overproduction. The Sumter member
said that somebody would have to
pav the overhead charges incident to
! 1 "
carrying the cotton, such as insurance
and clerical expenses.
; "The legislature will have to treble
t;..e tax levy next year to pa.
these expenses if we buy the cotton
outright from the farmers," said Mr.
Ep-ps. "I do not believe that we
should consider doing so for a min
I Mr. Epps said that in his opinion
the farmer wiho got one of the proposed
State bonds for his cotton would
be in a worse fix than if he had kept
the staple. Mr. Epps stressed the impossibility
o'. loaning the funds equitably
from the bonds.
"It will treble our taxes to carry
tie losses of the State on the proposed
Ibond issue until the cotton is sold,''
f ]"? Q 1 im f O T* mPfPf YPT (?^ P
' ucviai cu tixc uuuuvi ^~~
not suggest a plan '.or a bond issue,
tout I think that passing any one of
the plans proposed would be the
'h eighth of folly."
| IThe house took recess until 4
o'clock leaving the whole bond issue
! When the house met at 4 o'clock,
Mr. Vander Horst took the floor. He
opposed the issuing of bonds.
4,TLe feeling that something must
be done has gotten on our nerves,"
declared Mr. Vander Hors't. "So much
so that I fear we are getting into
a frame of mind in which we had
rather do something that is a mistake
than to do nothing at all."
j The Charleston member said it was
! not practical for the State to come
to the rescue of the cotton planters.
1 "They say that it will be all rigLt
for us to pass tuis bond bill because
it will be submitted to the people,"
said Mr. Vander Horst. "But this is
noi true, ior wnen we pass a measure
we indorse it a.nd the people take
this into consideration wlien they
i iMr. Yander Horst asked whether
any member oT- the house who was
the trustee of a fund would lend it
now on cotton at 9 cents a pound,
i "It's all sentiment," insisted Mr.
Yander Horst, "and a feeling that
something, we don't muda care what,
must be (Lone."
! IMr. Yander Horst said that the bill
proposing the bond issue was based
on the principle of paternalism, whichhad
never been successfully worked
' "There is no way in which this legislation
can be restricted so that it
will insure benefit to the farmer," Mr.
Vander Korst declared. "Then you
have the State, founded for government,
engaging in a business and
doomed to fail for lack of machinery."
Opportunities for Graft.
1 The Charleston member said that
the bond issue bill provided opportunities
for fraud and graft of many
"You are running the risk of ruining
the credit olp the State and bringing
ruin and disaster when you vote
for this bond issue, and al lfor the
sake o'F sentiment," urged Mr. Vander
; iMr. Boyd of Sipartanburg, chairman
of the house committee on bond issue,
declared that he did not believe the
JZ 1 J * x 9
niianciai ana commercial situation in
the State was nearly so black as it
jhad been painted. He said that a
price for cotton could not be legislated.
In consequence the house committee
on bond' issue faad not recom-(mended
that the State buy the cotton
fcrop. The committee's bill provided
that money raised by a bond issue
should be loaned on cotton on a fixed (
basis a pound. This action, the comi
tmittee hoped, would stimulate trade.
j1 If the State can lend its aid to
'Stimulate traie, ift should do so," Mr.
Boyd said. "So the bond issue committee
has authorized, the sinking fund
to borrow money for a short time on
tfrese bonds and in this way put real I
'money in circulation."
Speaks for Committee.
Mr. Boyd detailed what the house
(committee on the bond issue 'had done.
(The bond bill, he said, embodied what
I the committee supposed the house
Mro rtofl i
" *JJl IvU,
! Mr. Lumpkin declared that if there I
were a way to help the people he
wanted to find it.
"You have a proposition to issue
I?25,000,000 in bonds for the relief of!
_the people of this State," Mr. LumpIkin
said. "I have failed to receive
| adequate assurance that this proposed
fbill will relieve the DeoDle 01:: this
' State from their distressed condition."
p Mr. Lumpkin held that the bond1
| issue might help citizens who were
able to keep their cotton but that it
|would not assist the small farmers.
'"F'.e whole proposition to issue
: these bonds, to lay a blanket mortgage '
on the State, is based on the hope
that it may raise the price o':" cotton,
some tiling that is controlled by the
law of supply and demand," Mr. j
Lumpkin insisted. "I can not see my
way to vote for South Carolina to nn!d<
rt:.ke a speculation."
Merely a Speculation.
Mr. Lumpkin declared' that the
issue was a speculation pure and sim<\
le whether based on buying cotton
outright or lending money on it.
,Mr. Lumpkin plead eloquently to the
house to kill the proposed bond issue,
[picturing t e financial pitfalls into
which it would lead the State. The
Richland member declared that the
fioating of the $:! ">,000,000 in cotton
bones would prohibit the sale of any
city or school district bonds for local
improvements in the next ten years,
j /Mr. Lumpkin was applauded when
Mr. Kibler of Newberry admitted
that there was some danger connected
with the proposed bond issue.
"We are in the midst of a crisis J
'though, and it is not unwise to un- j
dertake under the circumstances j
something which may entail loss on j
the State," declared Mr. Kihler. "The I
State and the people are not separa-'
hie. I am going to vote for a meas- :
urp of this kind. What will the Deo- !
pie think if the legislature admits;
i that it can not afford some help in
Mr. Kibl-er said that the State had
been safeguarded as far as possible
in the bond issue bill, providing as it
did Chat .10 per cent of the monpy
paid for cotton should be retained.
Smacks of Paternalism.
! Mr. McMillan of Marion said that
fee bond issue smacked of paternalism
and was contrary to all the ideas
I ""We are proposing that the farmers
lay aside their independence,declared
i The Marion member blamed Bankhead
of Alabama for stampeding the
members of the house to the plan cf
is&uing bonds. He asked how the/
general assembly could expect to sell
a gigantic bond issue in the North
wnere mere were tnousanas or souta
Carolina bonds which were not worth
the paper they were written upon. He
said at the chairman of the bond'
issue committee had admitted thai the
matter of the price of cotton was net
a subject for legislation.
Mr. 'McMillan wa9 interrupted at
5:50 o'clock by a motion that the
house take a recess until 8 o'clock.
' "WTnp-n fhp hnusp- resumed at 8
o'clock last ni'gM, Mr. McMillan of
Marion continued his argument *in opposition
to the proposal to issue bonds
J iMr. McMillan recalled the activity
of Bankhead of Alabama in South
Carolina in 1912 when he was trying
to induce the State convention riot to
indorse Woodrow Wilson.
"Bank!:ead is the father of this !
wild 'bond scheme," declared Mr. McMillan.
"Why doesn't he get a ses
sdon of .the general assemlbly o: his
ow.n 'State called and have it passed'
there?'' ' ?.
Mr. McMillan urged the house to1
take time to consider the proposed'
Txmd issue coolly.
"It is my idea that if South Carolina
goes inio this bond scheme the
State will lose some good money that \
these poor farmers we are trying to !
foelp will ibave to pay in the end," Mr.
iMr. McDonald on- uconee proposes
that the State "do a little wrong to
'accomplish a great right," and float
the bond issue. The Oconee member
said that "one horse" farmers had not
'been heard from on the bond issue.
These were the men the State should
protect. He said that the only thiag
ttie State could do would be to retire
a large part of the cotton crop of j
"If the constitution of 1915 does
not give us the right to protect the '
people, then let us call a constitutional
convention and draft a constitution !
which will permit us to do so," said11
Mr. McDonald, who admitted the pos-1
slbility that the proposed bond issue
mdgiht not be constitutional. !
Mr. McDonald did not like certain
features in the bond issue, but was
anxious for the State to reitire at least
500,000 or 700,000 bales of cotton ,
X ?* ..nJ/v. !
XIOU1 IUC IXid.Ift.CU. ilC SdiU luai UlJU^l
the committee's bond bill the poor
man would not be 'heJiped.
Recalls State Dispensary.
"Why can't the State buy cotton and
(build warehouses for it?" asked;
IMr. McDonald. "fThe State bought
liquor and built warehouses for it."
'Mr. Jones of Greenwood indorsed
the position taken by Mr. McDonald j
He said that 'his sympathy 'for the '
class demanding relief was so great
that he was willing to pay his share
o' any loss resulting from the bond
IMr. Stanley o? Horry confessed that j
he did not understand the bickering j
of tJce lawyers but he wanted something
'" an we sit still and see our fellow- j
man go down under such conditions-,
even though it bankrupt the State to
save him?" queried Mr. Stanley.
Tr.e Horry men. ^er said he bad been
voting for "everything in sight" in an
Reliable evidence is ahw
are constantly beins; res
Lydia E. Pinkharn's Vei
The many testimonial letters tl*
lishing in the newspapers?hundr
ine, true and unsolicited expressi
for the freedom from suffering
11 .1 i . t
I women solely tnrougn me use c
Money could not buy nor any
such recommendations; you ma)
testimonial we publish is honest
doubt of this write to the wome
addresses are always given, and 1<
Read this one from
Camden, N. J.?" I was sick for two
my kidneys were affected. I had a d
galvanic battery, but notnmg aid me ?
to bed, but spent my time on a couch <
became almost a skeleton. Finally i
health, and my husband heard of L
Compound and got me some. In two
| am like a new woman and am at nv
j your medicine to every one and so doc
j Waters, 1135 Knight St., Camden, K,
And this one from 1
Utica, Okla.?" I was weak and n
and scarcely able to be on my feet. 11
i tation of the heart, trouble "with my bo
taking the Lydia E. Pinkham's Veg<
than I have been for twenty years. I
cine and I have recommended it to otl
j dock, Utica, Oklahoma.
Now answer this question if
woman continue to suffer with*
i Pinkham's Vegetable Compounc
it has saved many others?why <
For 30 years Lydia E. Pinkhanr
Cora pound has been the standard re
male ills. No one sick with woma
! does justice to herself if she does no
I11UUS mouicuio uiauc ? ??? w
has restored so many suffering worn
?5**?Write to LYDIA E.PINKHAM ?
CCOmDEYTIAL) LYNN, MASS.
Your letter will be opened, read an
by a woman and held in strict confi
effort to find something to rtmedy th.e STA
situation. j C<
Mr. Scott of Anderson said that he
did not believe that five times $25,- j M
000,000 would help the situation. He
Contended that tlb.e proposed bond is- : T1
sue would .not have any effect on the enp<
cotton market and that it was an un- tion
sound business venture. : S. C
"I do not belielve that we can go Pi
into it safely," declared Mr. S'cott. "I here
do not think tii-at the people would- the
pass this bond proposition if they had hou:
time to think it over, but if we pass o'ck
it now they may vote, for it on No- Nov
vpmhpr 3. thinking we have endorsed of 1;
it." I land
Mr. Scott predicted' that tfce war in Soul
Europe would ultimately prove a 101,6
blessing to this country. , ?L? &
Lending vs. Buying. a
Mr. Sturkie of Calhoun spoke in sa-^
favor of the committee amendment . ,
to the senate bond issue bill provid- ^ j
ing (for loaning money on cotton in
stead of buying outrignt. Tne i^ai-1
houn member said he could not an- >
derstand why there was so much op- i
"position to -the bond! issue when it Dan~
would be submitted to the people. He ' ^
contended that the condition o'f the
people warranted the general assembly
in taking a drastic step.
"The State has all to gain and very _._r
little to lose." said Mr. Sturkie. i A
At 9:45 o'clock the house adjourned 1
until 10 o'clock this morning with the j ^
"bond hill still under discussion. ' day,
SALE OF PERSONAL PROPERTY .Rt&]
As executor of the lost will and
testament of Robert H. Hall, deceased, in^e]
I will sell at his late residence in ^
Newberry county on Wednesday, No- to a
vember 4, 1914, at 11 o'clock a. m., a
the following personal property: mat,
One cow and calf, one mule, farm- v^e
ing implements. Terms cash. 0f $
Rohert Hall, amo
ESTATE NOTICE. ^
All persons holding claims against ^
the Estate of Lucinda Caroline Moseley,
deceased, are hereby notified to ^
present the same, duly attested, to the ,
Thomas D. Copeland, Clinton, S. C., fron]
or to Mower & Bynum, Attorneys, purc
Newberry, S. C., on or before Novem- th ,
her 6, 1914. pUrc
Thomas Duckett Copeland, the ,
CHICHESTER S PILLS E1
If yrv THE DIAMOND 3RAND. /.
LstdlesJ A?U your Dr?i;-!>t Tor . pay
&i\ &-SA t'hl-che?-ter8 Diamond Krnnd/>A\
in r,! ,.y r gage
tp ye." ....
idant that women ^
tored to health by I
?etable Compound m
iat we are continually pub- 8
edsof them?are all genu- \ I
ons of heartfelt gratitude
that has come to these M
)f Lydia E. Pinkham's WH
i i r ' a _i_.t _ m
Kina 01 innuence ooiain m
r depend upon it that any I
and true?if you have any |
:n whose true names and |
sarn for yourself. I
Mrs, Waters: *
years with nervous spells, and "
.octor all the time and used a HSR
my good. I was not able to go W|B|
:>r in a sleeping-chair, and soon f'jfjg
ny doctor went away for hi3 j|l
ydia E. Pinkham's Vegetable jk
months I got relief and now I !|
j usual weight. I recommend I
is my husband."?Mrs. Tillle jg
ervous, not able to do my work mm
had backache, headache, palpi- ;JjS
wels, and inflammation. Since
stable Compound I am better
think it is a wonderful mediiers."?Mrs.
Mary Ann Had- fl fl
you can. Why should a VlBj
- T T? IMl
out nrst giving i^yaia il. wg
I a trial ? You know that 1??
should it fail in your case? ;S|i
's Vegetable fl
n's ailments (Q/<fr ||
t try this fa- S / f^ \ r $1
nd herbs, it ] 7 ^ yf j fl
en to health. II IrU
[EDICIJHE CO. CA In) \ J
for advice. \\)V^3s^// 9
d answered Jgg
i i ? n
.TE OF 'SOOTH CAROLINA, |?
DU'NTY OF NEWBERRY, S
fCommon Pleas Court. ^p|B
ary E. Hipp, Plaintiff,
loraas T. Davenport, Ora L. Dav- ^B||
>rt, L. Clarence Pitts, and The Naal
Bank of Newberiiy, of Newberry, f?|
., a corporation, Defendants.
arsuant to an order of tfoe court ml
:ln, I will sell at 'public outcry, to ffij
highest bidder, ibefore the court iff
;e door at Newberry, S. C., at 11 ||?
>ok in the forenoon, on saiedaj^yav
ember, 1914, the following tracts
and, to wit: (1). All that tract of jB- W
It in Newberry County, State of
th (Carolina, containing thirty
?, more or less, bounded by lands 1MB
L J. iS. Lanigford, Mrs. Fannie
'ett, estate of T. J. Orizzard, lands MmB
DaviiJ Pitts-, deceased, and of the
L. Clarence Pitts; (2). All the
t, title and interest <rf the said Ora Mft
>ayenport in and to that certain
t of land in Newberry County, flH
e of South Carolina, containing i
hundred twenty-four (224) acres, IBB
e or less, bounded biy lands of
id Pitts, deceased', A. J. S. Lang- JR1|H
, James Pitts and lands of the ?|H
(Thomas T. Davenport.
>rms of sale: One-half purchase J|?j|
ey to be paid in cash balance SKI
uble one year from day of sale; JIB
it portions to be secured by bonds Msgm
urcha?ers and mortgages of pre*. JHHgj
is sold, -bonds to 'bear interest from VNGp
of sale, and until paid in full,
rate of eight per ?eat. iper annum^^^B||
rest to 'be payable annually or
? ~ 1 n rvnni oilil T7 ATI/I'
IIIIO JJI <*il i:t IWiJ MrMVfc W
rest at the same rate until
nil; the purchasers to have leav?^H|Bgj
.nticipate the credit portions, as?g||\;
lole or in part, at aji^- time betfore^^Be
irity. Said mortgages shall pro-^^*S
for the payment of ten per cent^BKmm
he principal and interest on the^^M|fe,
unt involved as attorney's fees
of suit or collection through aJ^^ga
*nev. The mortgages s*hall stipu^^BSSS
that if the purchasers fail to pay
taxes on said premises, the Masor
Ms assigns, may pay said I pf11?1
s, and any penalties incurre# M
son, and reimburse themselves for^^Kjli
same, under said mortgages, at^^B||
rate of eight per cent^per annum,
- ~ ?? x _
i tne date 01 sucn payments, 1 ;
hasers sfoall 'be repired to pay toVBj|j?
Master the cash portions of
hase .money immmediately uP?M8EvV!i
acceptance of their bids and if twBs
hasers Tail to comply the Mast^H9?|Dit
resell at the risk of the defaxilWBB|te
purchasers. The purchasers
for drawing of deeds and mo^^^^?S
s and recording of mortgages. B
H. H. Rikard,
tober 12, 1914, M|Ml