Newspaper Page Text
wrann -zn g, B. O' Bet
LOUIS APPELT, Editor. ill
Wednesday, June 6, 1894. rei
The voters should keep in mind 71
that the reform movement is pledged l
to the calling of a constitutional con
vention. Let the battle cry be, give
us a new constitution and a better cr
Our editorial last week nominating ac
Hon. James E. Tindal for Governor n4
has met with the approval of a num- ju
ber of the newspapers throughout the w
State, and we have not talked to a oc
man but what has told us that in that
editorial we voiced the sentiments of p]
the people of this county.
Governor Tillman was present at
the opening of the Southern Inter
State Immigration Congress last ai
Wednesday in the city of Augusta, pi
and in responding to the speech of n4
welcome, said: PI
"It was well enough to invite people and ti
capital from the outside, and all that came q
would be welcome; but for every dollar of st
outside capital the Southern people must
expend ten of their own if they were in e
earnest about desiring to build up the ZI
South. The future of this section depends W
on the efforts of our own people, and what b
Southern farmers need most is an immi- .
gration of ideas and intelligent agricultural a
methods. Sonthern farmers would never 'I
prosper as long as they spent six months in r4
the year trying to kill the grass in their d
fields, and the next six in buying hy fro
Maine and Northern States." b
In looking upon the shelves in
some of our stores we notice they d
contain canned goods from the van
ous ceuning factories in this State.
This is something new, or rather un
til recently all of the canned goods
consumed in these p4rts came from
abroad. We are told that the cost
of the neccessary machinery to run a
anning factory is comparatively 0
small. Now what is to hinder such d
an institution from being put up in
Manning? Goods canned in Man
ng would find a market as well as
those canned in Barnwell or George- S
town. Past experience has taught us &I
our farmers cannot live and pay debts b
on six cents cotton, and if they do
not learn to get money from some 01
other product their lands will be cov
ered with mortgages and destroyed M
with debt. Upon a small investment
a. canning factory could be put up in
Manning and the surrounding coun
try would derive the benefit. Who
will start the project ? fo
The Aiken Times has chaaged its
editorial management, but not its
mode of trying to misrepresent Con- Cj
greaman McLaurin. That paper, g
together with a few others, for some
reason would like to get McLaurin
ont of the reform ranks, and we can:
see no other reason than the fear of
the senatorial contest that will come .
up when Senator Irby's term expires. at
The people throughout the State a'
have watched with deep interest the b'
faithful service McLaurin has render- '
ed in the lower branch of the national
legislature, and it is making the
Aiken Times tremble lest its idol, B
Senator Irby will be retired, and the
eloquent representative of .the sixth
district called to take his place. We s
do not know whether Mr. McLaurin al
hisany ambition or desire to go the es
aenabut we do know that were the
people to place him there they would a
have no cause to regret it. The w
Alken Times says that "The Manning a
-Times is trying in vain to stir ups a
boom" for McLaurin. What non- ,6
sense Why should we be trying to.a
stir up a boom for a man.who by his w
works has proien himself to be what 0*
-the people ask of a public servant. *
McLaurin needs no booming from at
newspapers the people are his boom- T
ers and they will continue to boom C
him regardless of the slurs from men
and papers that have "'axes to grind." s,
If the apers now sluring at McLau- si
rin 'il truthfully show where he has'
been untrue to his constituents the al
people wi'll investigate the matter and tc
call~ him to account, but they will not fi
regard him unfaithful for not being
-willing to sneeze when other people c
-take snuff. They did not send him r
ta congress to do that, and they are b
proud of him because he has the h
brain and manhood to speak out in
With imposing ceremonies a mon
ument was unveiled last Wednesday
in Richmond in honor of Confederate n
soldiers and sailors. A great crowd t
attended and General Hampton wasb
among the speakers. General Thos. .
L. Rosser also spoke, and his remarks t<
werein bad taste and will not be I
-enthusiastically received by his fellow *
soldiers. He said: o:
"Comrades, when vou marched out in tc
1861 you were bouyed by hopeof the future.
Now you have only the memory of the past. U
The great principles which we fought forj
have been defeated, but they are not dead. k
We are now only an ambulance corps, but
we are here to-day to do honor to the men
who fell, for we love their memory as we
love our God. The men who overran us
remind me of the locusts which are now in- bi
jesting portions of this State. They could se
not whip us, but they devoured our sub- ec
stance. 'lhe army that devoured us was an et
army of substitutes. We killed all the sub- ar
stitutes and the men whom they represent- re
edi stopped at home and made money and
now draw pensions.
"I despise the man who gives United
States money to a pensioner. This
country can't stand when it makes one cit. se
izen support another. I shall never vote st
for a congressmn who is in favor of the di
government pension. I will, say to Massa- C<
chusetts, you pay your pensioners as Vir- ar
ginia pays hers." g
Gen Rosser thenl went on to say ni
that the grand army of the republic j
.was banded together to get pensions, K
and if he had been at Birhmingham It
he would have voted against the in
rooiin to invite them to Atlanta.
Heddnot want them to come to
nichmiond. He continued:
"Sometime aao we unveiled a monument tei
to the greatest general who ever lived, to- us
day we unveil a. monument to the greatest ps
private soldier who over lived, and in time tai
we will unveil a monument to the Presi-. be
dent of the Confederate States. But we are th<
mnocked atthe North, and will live to see mi
the Yankee army march again through the wi
South and pull down our monuments. I sti
don't know what sort of stuff the rnsing gen- ter
eration are made of, but if you and I are >
liigthere will be bloodshed when that is on
'he Washington correspondent of A
Piedmont Headlight should not
plain when the opposition press E
ulge in misrepresenting facts and
their columns with all sorts of
sational abuse about the
armers after his last week's
respondence. His letter was so t
ad up with abuse of Grover Cleve- <
4 that those honestly differing I
h the president will take this cor
ipondent's statements with much
ition. There is such a thing as
rdoing, and the article referred to
s very much overdone in our opin
2. We do not agree with the pres
Bnt in all of his measures, especial
his financial measures, and often
iticize them, which we have a right
do, but while we have the right to
fier from him, we are not licensed
manufacture lies about his per
nal or private matters, and the
wspaper that indulges in such, in
res its cause and sooner or later
ill be left by its readers for lack of
nfidence in its utterances.
Fight fair and square for your
inciples and your opponents will
) bound to admire, if they cannot
,-ee, with your views.
We have seen evidences recently
nong the leaders of the republican
rty in this county to take on a re
wed activity in politics. What has
-oduced this spirit among them at
is time is mere conjecture. We
iestioned a colored voter on this
ibject but he was inclined to be
amish, and after considerable quiz
ng he said that the "poor buckra
as running things now, and it won't
B long before the rich buckra will
k the nigger tW help them down the
hite trash." The colored voters are
gistering all over the State, and no
)ubt their leaders are holding out
ig inducementa to them with the
ject, we believe, to get them or
mized for the next presidential
ecion, so that in case the national
mocracy is overthro'wn the organ
ers in this State will be able to con
ol federal patronage. We have no
lea of a repetition of the tactics of
390, because those that went into
te scheme learned the utter folly of
ying to defeat the nominees of the
te democracy. A large majority
the white people in this State may
fer to an extent that will amount
bitterness, but they never will per
it tihe republicans to again become
Alitical factors. The two factions in
yuth Carolina are like the old man
id his wife, they quarrel and fight,
t when an outsider jumps in to
ke sides they stop fighting each
her and both fall aboard the strang
-. The reformers and conservatives
ay wrangle, but neither one- will
lerate outside interference.
We offer One Hundred Dollars Reward
r any case of catarrh that cannot be cured
' Hall's Catarrh Cure.
F. J. Cuzszr & Co., Props.,
We, the undersigned, have known F. J.
eney for the last 15 years, and believe
m perfectly honorable in all business
isactions and financially able to carry
I any obligation made by their firm.
West & Truax, Wholesale Druggists,
Wading Kinnan & Marvin, Wholessa
Drggsts, Toledo. 0.
Ha' arhCure is taken internally.
tng directly upon the blood and mucous
faces of the system. Price, 75c. per
ttle. Sold by all druggists. Testimon
CUFt McLEOD) KILLED.
B Was Robbleg a Store at Lamar and
Was Shot While Trying .to Escape.
Taun. 8. C.. May 31.-This morning at
s'elok Coffy Mc~Leod, alias Will Thomas,
la ilM~oaisJohn McLeod was
ptured at this place. At 2.45 this morn
g a light was discovered in the store of
,W. Mims by8. C. and B. F. Starr, who
Ld been uplate to meet a train. They
t to the store and saw therein a negro
Ld reported the sme to three other young
en, viz., E. B. Turner, J. W. Smith and
B. Jordan. all of whom proceeded to the
are They found the back door open and
ole picked in the brick wall through
ich the robber went. They rushed in
him through the back'door and ordered
n to throw up his hands and surrender,
ereupon he made a demonstration and
rted towards the party. Then E. B,
irner opened fire on him, the negro still
lvancing. Turner shot again, and finding
cartridges exhausted, he went out the
ik door followed by the negro. J. W.
nith, who was outside the door, fired one.
Lot and the negro ran oft to a patch of
sods with his bundle he had packed in
o store, wforth some $50, pursued by the
ove named parties, who gave the alarm
the citizens of Lamar who turned out in
tl blast and surrounded the woods and
ipt watch until day. Then they scoured
Le woods and succeeded ib finding the
lprit in a ditch badly wounded. He sur
ndered as soon as commanded to do so
' G. W. Stith. who was tbe first to get to
m, saying "Gentlemen. I surrender like a
A big crowd who was near by Stith rush
up to him and with difficulty the crowd
as kept from killing McLeod on the spot.
:e was removed to the Charleston, Sumter
id Northern depot platform
He made no confession only as to his
The sheriff was at once wired of his cap.
tre and the imininent danger of MeLeod
ming lynched; whereupon the B. R. Till
an Guards, of rLamar, were called upon
protect the prisoner, and Captain Willi
ird at once placed a detachment in charge
the prisoner, who kept all trouble down
itil McLeod died at 10.30 from the effect
the wound inflicted by.a 32 calibre pie.
The coroner's jury brought in a verdict
at the deceased came to his death by a
iehot wound in the bands of a party not
R. L DuBos..
BUCKTEN'S ARMICA SALVE.
The best salve in the world for cute,
-ises, sores, ulcers, salt rheum, fever
re, tetter, chapped hands, chilblains,
ns and all skin eruptions, and positively
res piles or no pay required. It is guar
iteed to give perfect satisfaction, or money
funded. Price 25c. per box. For sale by
J. G. Dinkins & Co., druggists.
We authorize our advertised druggists to
1 Dr. King's New Discovery for con
mption, coughs and colds, upon this con.
ion. If you are afflicted with a Cougb,
>ld, or any Lung, Throat, or Chest trouble,
Ed will use this remedy as directed,
ring it a fair trial, and experience
benefit, you may return the bottle and
*ve your money refunded. We could not
ie this offer did we not know that Dr.
ngs New Discovery could be relied on.
never disappoints. Trial bottles free.
Lrge size 50e and $1. For sale by
J. G. Dinkins & Co., druggists.
ince its first introduction Electric Bit
has gained rapidly .in popular favor,
til now it is clearly in the lead among
re medicinal tonics and alteratives-con
ning nothing which permits its use as a
erge or intoxicant, it is recognized as
best and purest medicine for all ail
uts of Stomach, Liver, or Kidneys. It
1 cure Sick-headache, Indigestion, Con
pation, and drive Malaria from the sye
s. Satisfaction guaranteed with each
tle or the money will be refunded. Price
Ly 50c. per bottle. For sale by
STRONG~ PLEA TO BRING RELIEF.
Ion. J. L. McLahirin's Speech in the
House of Representatives on Thurs
day, May 31, 1894.
The House being in Committee of the
ihole, and having under consideration the
>ill (H. R. 3825) to suspend the operations
f the laws imposing a tax of 10 per cent.
pon notes issued during the period therein
Mr. McLaurin said: eir. Chairnan: I am
ndebted to the House for its courtesy in
teading my time, and as I was instru
nental in first directing the attention of
he Committee on Banking and Currency
to the matter of the clearing-house paper
issued and used in South Carolina during
the panic, it will not be improper for me to
have something to say upon the subject.
During the financial stringency which
existed in our State last fall, there was not
enough money available to move the cotton
crop. Our people stood appalled. They
had been taught to believe that cotton was
king, but when they saw loads of the fleecy
product of their labor carried into the mar.
ket and then brought back home, not be
cause there were no naked backs to be
clothed, but because there was no money to
buy, they felt that if indeed cotton was still
king, it was a dethroned and crownless
monarch, and that the Moloch of money,
But, sir, we could not see onr king robbed
of his throne without striking a blow in his
defense, and while the learned political
economists and doctrinaries in Congress,
like my friend from Massachusetts [Mr.
Walker] were disenssing "what money
was" and what were its "functions," we had
in South Carolina to face the practical ques
tion of no money and an entire absence of
all its "functions."
With that Udaptability to circumstances
which is the distinguished trait of Ameri
can citizenship, we devised the clearing
house paper about which you have heard,
and prolonged for yet awhile the reign of
our king. I hold in my hand a little slip
of paper issued for the sum of one dollar
by the clearing-house association of Chester,
S. C. It differs in a material degree from
the paper read by my friend from Tennes
see [Mr. Cox]. This paper is signed by
the three gentlemen who are the trustees of
the Chester Clearing House Association.
Mr. Culberson: The gentleman had bet
ter read it?
Mr. McLaurin: It is suggested by my
friend from Texas that the paper be read.
I will ask the Clerk to read it.
Tho Clerk read as follows:
$1. Chester Clearing House Association
Certificate. No. 617. Chester, S. C., Sep
tember 27, 1893. This catifies that the
banks composing the "Chester Clearing
House AssociatiOn' have deposited with the
undersigned trustees of ' said Clearing
House Association, securities of the ap
proved value of $2, to secure to the bearer
hereof the sum of $1 lawful money of the
United States, payable on or before four
months after date.
This certificate is issued in accordance
with the proeeedings of the "Chester Clear
ing House Association" at a meeting there
of held on the 31st day of August, 1893;
and is receivable for any and all dues to
the banks which are members of said asso
ciation, and are also receivable on deposit
in either of said banks, and also in settle
ment of all balances due from one of said
banks to the other. J. T. Glenn, John C.
McFadden, T. B. Woods, trustees.
(Indorsement on the back): "Payment
of the within certificate is guaranteed by
theTollowing banks, oapposing the Ches
ter Clearing House Association, viz: The
Exchange Bank of Chester, S. C., The Bank
of Chester, S. C."
Mr. McLaurin: You see, Mr. Chairman,
we bad plenty of confidence in South Caro
lina. In fact it seems to me that most of
the "lost conidence" of this country, about
which we heard so much last fall, was cen
tered in South Carolina, for we banked
upon confidence and issued money our
selves, until the heavy hand of Uncle Sam
was laid upon our shoulder, and we were
told that the Government would not help
us, neither would it allow us to help our
These little slips of paper of the clearing
house associations in various parts of our
State passped current everywhere as money.
They peformed every function of money.
They paid debts, and in fact enabled us to
tide ourselves over the crop-moving period.
But, sir, the crop-moving period is again
upon us, and financial conditjons are but
littl'better that they were one year ago.
The promised good times when the pur
chasing clause of the sherman act was re
pealed have utterly failed to materialize,
and we are confronted by the same condi
tions as last year. At the time the discus
sion arose in regard to the cleaning house
associations in my State, I was endeavoring
to get favorably reported from the commit
tee, a resolution authorizing the issuance
of Treasury notes to take the place of those
that were lost and destroyed, hoping that
in some way they might be utilized- to
move our cotton crop.
I used the certificates as an object lesson,
demonstrating the imperative need for an
enlarged and more elastic volume of cur
reney. It seemed to me that the very fact
that this paper was issued and used and
answered the purpose, was evidence of dis
eased conditions in the financial body,
which it was trying to throw off in a natural
way through the ordinary laws of trade and
The matter created considerable interest
on the part of the committee. and Mr.
Brawley introduced this bill.
Now, the gentleman from Tennessee [Mr.
Cox] engrafts upon it an amendment pro
viding for the repeal of the 10 per cent. tax
upon all papers of this character and upon
State bank issues; sothat out of this simple
matter, "originally introduced by me," has
grown a great question of finance, one that
will be fraught with weal or woe to the
Democratic party, and which bids fair to
create as interesting a debate as the silver
question itself, for in fact nearly the same is
sues are involved, that of more money.
I will say in passing, that I care very lit
tle about what is .known as the "Brawley
bill," but if we are to pay the 10 per cent.
tax in South Caroina upon our certificates,
then the great clearing-house associations
in New York and the other large cities
should not be exempt. I will admit that in
the use we made of our certificates we
differed very materially fro-~n the
use made by the clearing-house associ.
ations of New York, but the legal principle
upon which they were issued, as the gen
tleman from Tennessee (Mr. Cox) argued, is
the same, arnd if you tax one you must tax
the other. Another fact, Mr. Chairman, to
'which I desire to call attention is, that no
oe ever heard of the 10 per cent. tax upon
clearing-house certificates, until we began
to use them in South Carolina and among
the grain elevators of the West.
It comes within my personal knowledge
that when one of the leading bankers of
my State went North, at the usual time, to
get his annual money supply, he was met
with the statement by his correspondent,
that he could not supply him with the
money to move the cotton crop. When he
came back to Washington, he stated "that
he argued the matter with the gentleman,
and asked what he was going to do, and
his correspondent said: "We cannot help
you. You must do the best you can about
marketing your crop; we cannot supply the
currency." The South Carolina banker
safd to some of us here, that he would go
home and organize clearing-house associa
tions, issue certificates, and get along with
out help. This was the origin of the cer
tificates in South Carolina. Associations
were formed all through the State, and we
began to get along on this home-made mon
ey. Then there came from the east a ten
der of currency to move our crop, and for
the irst time you heard from the Treasury
Department of this Government a threat to
collect the 10 per cent. tax on clearing-house
certificates. When we wanted money we
could not get it, and it is hard to say how
much of it was done to influence votes on
the silver question. At any rate, it became
more plentiful, wher. WVall street found
that we had "caught on" to one of their
But, Mr. Chairman, if the imposition of
this tax affects the New York banks, no
one seriously believ~es that it will ever be
collected. That will give complete protec
tion to our little banks in South Carolina,
This bill is merely used by the gentleman
from Tennessee as a vehicle, through
which to test the sense of this House upon
the repeal of the 10 per cent. tax upon the
issue ofState banks. For myself, I am on
principle in favor of a national currency,
ad I do not believe, as some seem to
think, that State banks will cure all our
Lmendment, because it is a step towards a i
radical change in our system of finance. I
t is a step towards decentralizing the enor-f
mous and dangerous power vested in the
national banking system of this country.
Mr. Chairman for nine long weary months
he people of this nation have had their eyes
urned upon Congress, vainly awaiting
some financial relief. What have we done?
The great, patient, toiling masses, whose
labor has made this one of the richest :a.
tions on the face of the earth, are thor-s
ands of them out of employment and ho:ie
less, and are asking themselves the pies
tion, "Must we starve amid the plenty our
brawn has created." They have watched
in vain for some light to break upon the
financial horizon, and "hope deferred mak
eth the heart sick" They have seen the
purchasing clause of the Sheranan aet Ie
pealed. with the promuise of appropriate
legislation to redeeni the pledges of the
Democratic platform, inaintaining th- par
ity between the n(tals. The period l.as
lengthened from weeks to months with no
step taken to redeem the promise. Then
they have seen vetoed the poor, pitiful !it
tle seigniorage bill, that was not of uiuch
account, except to give those gentlemen
from the West and South who voted for the
repeal of the parchasing clause of the Sher
man act, a chance to "pull the wool over
the eyes" of their constituents and get back
into Congress. (Laughter.]
And now, Mr. Chairmun, understanding
as they do that the legislation of thi's House
is shaped, directed, and controlled by its
committees, they see the chairman ot the
Committee on Banking and Currency,
charged as he is with the sacred trust of re
deeming the party pledges on the wioney
question, come in here, after nine months
of deliberation, with this poor httle bill as
a result, and openly and publicly annonnce.
that he is not in touch with the denimn is of
the Democratic party on this snbject. when
it was supposed (aspirina its he does to be
a leader of Democracy) that his appoint
ment to this important chairrmianiiip was
in view of his special fitness, to releei the
pledges of the party, not to defeat thErm.
I heard his speech. and then I went home
and read the platforim of my party, and af
ter listening to the able and eloqnent re
marks of the gentleman from Tennessee
(Mr. Cox), it seems to me, sir, that we need
more "-Coxeyism" npon the Committee on
Banking and Currency. [Laughter.)
Mr. Chairman, I came from a section of
the country where pledges in a political
platform mean something. We were op
pdsed to Mr. Cleveland, and fought him to
the last Democratic ditch until after his
nomination, then we gave him the largest
majority in proportion to population of any
State in the Union. Subsequent events
show that we wore right to trust no Eastern
Democrat. We have more respect for, and
more affinity with the man who stands with
us upou the financial question, be lie Re
publican. Democrat, or Populist, than for
the Mugwump like the gentleman from
Illinois, who is true to no platform or par
ty, and faithful to no political tie save the
one that binds him to the money power,
whose merciless oppression is robbing the
people of the fruits of their labor. (Ap
Our people have seen in this way the
pledges of their party-openly, boldly. and
impudently repudiated, thereby denying to
them, a living voice in their own Govern
ment. Oppressed by a cruel and a crafty
money power, which absorbs like a sponge
the fruits of their toil, men are looking
each other in the face and beginning to ask
themselves the question all over this broad
land, "What must we do to .save ourselves
and to save our children ?" [Appluse.]
Makeshifts-the Sherman act a "make
shift"? Yon cannot atone to our people for
the destruction of one of their money met
als by a makeshift measure upon the tariff,
differing in degree rather than in principle
from the McKinley act, but for which ev
ery Democrat will vote, because, thank
God, it is not so bad as McKinleyism. The
income tax will go a great way and is a
grand feature, but our people understand
that the great paramount issue, overshadow.
ing the tariff and everything else, is the fi
nancial question. They want more money
and financial relief, and they will be satis
fied with nothing less. I am now spea1-ing
for my own section of the country. There
is a dearth of money there, anti it is neces
sary that the sup~ply should be increased in
The gross amount of loanablefunds
in this country is $6,412,000,000. In
the State of Rhode Island the amount
of loanable funds is $387.73 per cap
ita, as against $6.80 in the State of
Arkansas. In the State of Massachu
setts the amo'unt is $326.52, as against
$7.80 in North Carolina, and $16.06 in
my own State. Let it be understood
that the per capita of loanable funds
is widely different from per capita in
circulation, and that this difference
represents the jugglery of banking,
the difference between the two being
the credit of the banks and bankers,
which, by manipulation, is loaned to
the people instead of money.
The national banks are required to
keep a reserve of from 15 to 25 per
cent-15 per cent in the small towns
and 25 per cent in the larger cities.
Suppose we illustrate by an example
starting with a deposit of $1,000 in a
city where the reserve is 25 per cent
and where it is fashionable to have a
bank account; aggregating the loans.
redeposits, and necessary reserves,
and we have the following statements
as the ultimate result: Certificates
of deposits outstanding, $4,000; notes
for deposits loaned, $3,000; and the
original $1,000 held in reserve is still
in the bank.
This is the jugglery of banking.
The banker has certificates out for
$4,000; he has $3,000 drawing interest,
and the original $1,000 in the bank.
Now, the confidence in banking lies
in the hope, that the notes will be
paid before the certificates of deposit
are presented. It is a matter of detail
to explain in full. To carry this to
its ultimate it requires about twelv-e
redeposits and loans, which makes
banking precarious and dangerous.
The scarcity of money necessitates
such transactions; besides the bank
ers are usually anxious to take ad
vantage of such opportunities. It is
to avoid the dangers attending such
transactions that I urge the removal
of the 10 per cent tax, that mnoney
may be made more plentiful and risk
Mr. A has $1,000, which he deposits
and receives a certificates of deposit.
Mr. B, wishing to borrow some mon
ey, is loaned $750 of A's deposit. and
$250 is put aside by the bank as the
required reserve. B pays this money
to Mr. C on a debt, and C deposits it
in the same hank. Mr. D wants some
-money, and is loaned three-fourths of
the $750 deposited by C, or i$562.50,
and $187.50 is placed as reserve.. 1)
pays this money to Mr. E, who de
posits it in the bank. Mr. F wants to
borrow some money, and is loaned
three-fourths of E's deposit, S421.87,
$140.62 is put with the reserve. F
pays a debt to Mr. G, who in turn
deposits the money in the same bank.
Mr. H wants some money, and is
loaned three-fourths of the money
deposited by G, or 316.40, and 105.47
is laid aside as reserve. H pays his
money to Mr. I, who deposits it as
the others have done.
Now comes Mr. J, who borrows
three-fourths of I's deposit, 237.30,
and 79.10 goes to the reserve fund. J
pays his debt to Mr. K, who returns
the same to the bank on deposit. Mr.
L borrows three-fourths of it as the
others have, or 177.97, and the other
one-fourth, 59.32 is held as reserve.
L pays this to Mr. M, who likewise
deposits it in the same manner. Mr.
N needs some money, and borrows
three-fourths of M's deposit, or 1:33.42
and again 44.47 is put with the re
serves. N pays it to Mr. O, who in
turn deposits it. Mr. P as the others
borrows three-fourths of O's deposit,
or 100.08, and 33.35 is held as reserve.
P pays his debt to Mr. Q, who puts it
in the bank. Mr. R borrows three
fourths of Q's deposit, or 74.05, an
25.01 is put with the reserve fund. R
pays Mr. 5, who deposits the same,
and Mr. T borrows three-fourths of:
it, 56.28, and 18.76 is put with the re
I will now advert to the table to
which I first referred, and it will.
easily be seen why the South wants
more money and a. different plan ofi
istribution. and it also explains w.hy
;ew England desires less money. In
act, such an investigation proves
onclusively the imperative need for
.n absolute change in our svstera of
inances, in order to maintain any
hing like equal conditions between
lasses and sections in the great
truggle of life.
This table shows all of the loanable
(unds of tire country, and it is a strik
ng illustration of the contest that is
iow going on between the East and
:he other sections of this countrv. It
liscloses the reason why that section
wants a small volume of money,
which means a high-priced dollar and
therefore low wages. Greed of gain
ind not justice would deniand a con
tinuation of sulich a system. Take
the 11 Eastern States. Maine, Massa
Ahusetts. Verniont. New Hampshire,
Rhode Island. C('oinecticut, New
York, -New Jersvy, Pennsylvania,
Delaware and Maryland. and the 11
Southern States, Virginia. West V ir
ginia. North Carolina, South Caro
lina, Georgia, Arkansas, Texas, Flor
ida, Alabama. Mississippi and Louisi
ana. it will be noticed that out of
the gross amount of loanable funds,
aggregating 6,412,939.95*3, the 11
Eastern States control 4.142,372,216,
or 64 per cent, while the 11 Southern
States have only 291,711,796, ora little
ov-er 5 per cent, and the remaining 27
States ant" Territories have 2.078,758.
960, or about 31 per cent.
The 11 Easteri States, with ain area
of 117,062,640 acres of land, hold !4,
142,472'21f in loanable funds, while
the 11 Southern States, with 470. 995,
75S acres, have about $2!1,711,70.
Reduced to an average this gives the
11 Eastern States Z35.38. and the 11
Southern States less than 0 cen-ts per
aere. The population of the eleven
Easteri States is 1,J184,000, and con
trols $4,142,472,210 of loanable funds.
which gives a per capita of $218. The
11 Southern Stateshave a population
of 14,967.000 and have only s291,711,769
in loanable funds, or 14.63 per capita.
These figures speak loudly in favor
of a change in the method of a money
distribution, and explain the paraly
sis of business in this country-con
gestion in one place from too much,
starvation in the other from too little.
I know these figures will he met by
men like the gentleman from Massa
chusetts, Mr. Walker, with the state
ment that the East needs more money
than the South, which under present
onditions I freely admit is true. But
sir, because it is true, furnishes all
the stronger reason why there should
be some change.
I have h6re a clipping from Brad
street's: -'On last Saturday the
statements of averages presented by
the New York Clearing If ouse asso
ciation for the week ending that day
showed aggregate deposits of the un
precedented amount of nearly $.00,
000,000. Exceeding as it does all pre
vious records, this fact is strongly in
dicative of the present plethoric con
dition of the money market, of which
however, exceeding easy rates and
liberal offerings by lenders of every
class are an equally convincing proof.
It is, indeed, significant that at the
present moment lenders in the New
York market seem to fairly outnum
What an argument from Wall street
in favor of some change in the plan
of money distribution. What earth
ly use is all. this money piled up
where it cannot be used? 'What good
does it do the cotton-planter of the
South or the wheat-grower of the
West? Mr. Walker said he borrowed
$0,000 for one year at le per cent on
his note. We can not get it at 10 pei
cent on a mortgage upon good land.
We are entitled as a matter of righi
to some banking system under which
we can utilize the basis of our credit.
which is the cotton crop in the Sou:
and the -wheat crop in the West.
It is a matter of right and justice
not of favor. Why men should hesi
tate I cannot see. More money than
they (-an use, piled up, inert, dead,and
useless! And South Carolina, with
her great rice and cotton fields, forced
to issue these poor pieces of paper,
clearing-house scrip, in order to place
her great cotton and rice crop, upon
the market: barred out by unjust
discrimination and the imposition of
this unjust tax. A money famine ex
isting in our land, and yet water, full,
plentiful, and free on every bide of
the ship-nothing to do but let the
buckets down and draw up the
sparkling draught to cool the parch
ed throat, and send new blood
bounding through the congested
veins of the financial body. Plenty
of money, but not a dollar to
be had upon land, the basis of all
wealth; railroad bonds, stocks, and
securities alone recognized, at 1 and
2 per~ cent.
Let us blot from the statute book
every unjust discrimination. Let us
ive each man and each class an
equal chance before the law. If
money is the lifeblood of the nation,
let its circulation be free, not loaded
down with usurious conditions that
enslave the borrower, rob him of
manhood. and impoverishes one sec
tion for the benefit of another. (Ap
This uill with its amendment is the
most practical plan so far presented
to bring money from the great cen
ters into circulation among the peo
ple. Some plan is necessary to coun
teract this inequitable distributiorn
of money a ad thus make higherpriee,
for labor- and its products.
Mr. Chairman. there are in the
reat cities of this land, thousand:
ho are ragged, gaunt, and hungry
-a standing menace to law and or
der. Give us enough currency tc
raise our crops and to put them upor
the market, and get a fair return foi
our labor; give us a system of distri
bution under which the farmer car
get money upon the kind of' securi.
es that he has, and under which
b nds and stocks will not alone he
rec.gized. Do not measure the pro
duct of our labor, with a dlollar eacl
day increasing in value, each day
measuring more labor, and taking
more of our products to buy it.
Redeem the pledges in the Demo
cratic platformi on the money ques.
tion, and the wheels of y'our sileni
industries will indeed be made tc
hum, and instead of despair and pov
erty the-re will be hope and prosperi
tv, with songs of joy and gladnese
throughout the land. The great
plains of the glorious West will feed
our hungry, and the fertile acres of
the sunny South will clothe your
naked. And. sir,. there will be no
more Coxevs to invade the rights,
the prerogaitives, andl dignities of our
great American Congress by tramp
ling upon the sacred grass. [Laugh.
ter andl appllause.]
The gentleman from Illinois, Mr.
Springer. sneered a good deal at
"Coxeyism."- He ought not to do so,
because the men composing that
great army of unemployed come from
his own section of country. It is in
accordance with the "eternal fitness"
of things that the leader of these
"rude tramplers upon the grass"
should hail from the McKinley dis
trict in the State of Ohio, the home
of Senator Sherman-the arch enemy
of bimetallism-and of my friend Mr.
Hiarter, wvho painted in such glowing
terms last fall the great prosperity
and happiness which wvas sure to fol
lov a further contraction of the eur
rency. [Laughter and applause.]
I v-oice the sentiments of every
Southern man on this floor when I
~oint with pride to the fact, that no
reruit for this army came from south
of Mason sud Dixon's line. There is
no actual suffering for food in the
South. We have plenty to eat and
to spare, our unrivaled advantages,
in soil, climate and product, will en
able us to stand a panic longer than
any other section of this country.
To~day we stand patiently and quiet
,.. awa a settlement of these fi
nancial questionis. nard times are no
new thing to us: but in spite of the
pension drain. in spite of a robber
tariff, and hard monetary conditions,
the patience, pluck, and perseverance
of our people, has builded up out of
the ashes of defeat, a mighty eipire,
and one so distinctively American
that in time of trouble yet to come,
it will prove the hope and mainstay
of this Union.
We love our country and her insti- I
tutions, and have not yet lost faith
in the ballot, that palladiui of!
American liberty. nor yet are we wil
ling to believe (in spite of the utter
ances of the gentleman from 1lliinois)
that the platform of the Deinocratic
party is made up entirely of "-catch
words and glittering generlites.
(live us, sir', a imorei equitable sys
tern of nionev distribtitoni. 0.I(- thlt
will eniable us, to .,et our r1C!, and. '.ur
cotton upon lite iarket: and v.e will
help to fteed and to the yo: hn
grv Coxyites from hion-viw m of
the financial vagaries, and fellow
countryinen as they are, of 'Messrs.
Sherman & McKinley. [Applause.]
Mr. Chairman. I urge the passage I
of this bill upon the ground of an iu
mediate necessi:y for :tn increase of1
There are but two avenues through
which the currency cal now be in
creased, to wit:
First. The coinage of gold. Second.
Additional national-bank notes.
Every other channel has been
closed, for the coinage of silver as
money has been forbidden, and the
voluie of United States notes can
not be increased. 'Notwithstanding
this condition, the banks are retiring i
their currency, and the amount Of
gold is grow n;; rapidly less: iii fact
.6. Chairman, the enrency of this n ty
h:as b--en red"' - sinc'- the !irst lay o
try, niearly if not giwit inf hundr1' ol:
hoin dollars by h saliv of'fi-:vmile
boniids and the ionley i.-.eked ip in the
ireisury. in the expor. Cf gold, :mdt r;tr
:-r m n -ti0na' bank n- 0-s
'. cont tio*1 is t::ai iF sitficient Vol
can not ie (btined to c.ia into money and
the nstional banks refae to furnis ai suf
ticient v.dul m to th- people an i :' .w
eutinmi. wxiii not lend a helpin a t.t
the People themaselves, throligI :: :-t!
governments. shoul be alow I r
cise the sacre I right I.1f ' .aru,
the first law if natuire.
I believe ia er:n:-nl e .- is.-"
direct as pos-ible from-i ' -* i it r: :
the peopl-, but as we .-. . -,f S. i
such a cirrency, t- i "..!nY port inl ca- < f
a stcrm.' So far as a Stcte b n :-.:
cerned in S uth Camioin 1, it is - d
experiment; we hud on-- there before the
war, and in the panic of 1W37, when finan
cial wiecks were strewn along the slores
everywhere, our b.i stood i h'aen
amidst the storm and her ,ills p ed car
rent everywhere, and it wa- only :,n:d the I
devastation it a great ciViL war that she
Mr. Chairman., an increate of m-oney
means an increase in pri'eS, inew':a,'-l pros.
perity, and an ilncrease of the I: nra
tion whie.. all bbor recivs f .,r its orts.
Every economist benowleigs that propo
sition to be trr-. Suc'h a cimnge is abso
iutelv Iecessary in our economic nhitions.
I am not in favor of the obI-ashioned State
bank if we ein gct anythingi better. But :f
Congri s; cannot-if it will n(t-sedbe this
problen, then "then let down the bars,"
remove every unjust diser-naination, and
give the common sense of the Armeican
people a ciane", and they will olv' t"e
problem upon which you Lave failed.
My own opinion is that we need a eur
rency which is both local and national in
its character. I doubt whether anybody
seriously proposes to establish juit such a
banking institution as we hadl prior to tueI
war. I do niot believe that the old State
bank, operated in the same way, is i
touch with the spirit or the age. which
tends even towards an internationel inste-id
of a local currency; but I do conte'id thbat
it is one of the functions of the GoverE
mient to issue, emlt, or coin money, and
that if it does net choose to exercise this
functio'n itself it has no right to del egatet
to the national bankcs or to any individual1
or corporation. Every section of tlis
Union is entitled to hate enough iuoney to
raise its crops and to put thenm on the mar
het, and such a system of distribution as
will fit and meet the buisiness needs of
each section, sna it is the duty of the Gov
ernment to provide the machinery to efl'act
uate this much desired end.
My colleag~ue from South Carolica, Mr.
Talbert, has introdluced a bill which was
referred to the Banking and Currency Com
mittee, and nlhich I utry mouch tear might
come untder the bead of the sneer of "Cox
cyism," vyhich the gentleman from Illinois
had for measunes ol that character, but
which, while not pierfect in its details,
seems to me, emibodies some principles
which might be worthy of more serious
consideration. This bill provides for the
issue of a national currency by the Govern
ment of the United States, and for the ap
portioniment of that currency out among
the v'arious States according to business
needs and population-the State Govern
menits, depositing with the General Gov
ernnment, their bonds hearing enough in
terest to cover all the cost of the transac
But without going into any scheme or
proposing any particular measure, I. would
urge the p)assage of the pending bill upon
the broad ground that the General Govern
ment has no right to tie our hands by re
strictions of this character, arrogatin;, all
the power to issue money to herself, and
then not doing a single thing to relieve the
country from the conditions which now
confront us. [Applause.]I
The comiparisons wbieh I have given be
twveen rections exist in a griater' degree, be
tween individals arid clames5. Million
aie uuly upon the one hand, tramps
upnteoher. The former tasy steps
rom poor to rich are being destro.. and
we are rapidly developing into a nation of
the very rich and the very poor. The per
petuity of our institution- depends upon
the home owners of thie land, the iienr of
moderate means. Either extremce is danger
ons; there is an anarchy of wealth as wvell
as poverty. A man with a home, a tiresihi
to call his own, is a gooni citizen, capable of
self-government. tib iam of houm, tuni~
him adrift with no place to lay his head,
and he becomes a desperate membelar of so
ciety, and one dangerous to tru'st with sucht
a weapon as the American balt.
Under the exactions of' th- moey power
the home-owvners of the lad, ee te' bui
iarks of civil liberty, are rapullyh beomg
extinct. Two-thirds of the tarm s of the
counctry are m'ortgage'd. 'The price of0ot
on is down to where it wi ll not Ia !
Cost of hibor to produie 1 it; an :'con
not be grown atl all at pre'~ n prcsi the
laborer did not work for a -~ar inf thi crop
and in this w ay share the ojiire'->:: and~
the pov'erty of the lEnd-iowner. !L. as
they do each one his gai-le", i' - ii n
corn p)atch, they manage to .Iuba. Olut
leaving absolutely no chinc oo: r r
land-owner to pay interes-t upon in e ed
ness, to say naught of tie principa.
li re to-day enfronted by the condi
tion1 of an increase in populatio anI e
rese in the man,-yv suppiy, and ae iichnc
in prices following as a logteaCl sequencL .
How can the peop~le pay1 theLr debts
with a doliar whieu constantiv iecrese' in
The aggregate indebtednes fti on
try, State, municipal, county, and pi)vate
is vano isly estimated at fromi twenty-.ight
to tifty-two billion, it is impossibl to sp ak
with accuracy, but placing it :,ti thir til
lion, a conservative estimati' ad at 'i e
cent, it draws in interest anone ' t'ibutl of
$2, 100, 000,000J ann ually hown the people.
We see thait und-r tpresenit co"ditions the
vaist prcdncts of this country fall S'P6000,
)00 short on paying tile annlt Iitere.
alone. Howv in the name of coon enr'se
can they ever hope to i aythe pri al.'
whn the gross aiinoont of thie pro:t
their toil is not enoug~h to pay the imren
Iupon their indebtedniess?
These are the problems wih corott
the statesmaanshipi of the day.
Slav the God of 'Justice inspne forhe'
jand miinds to meet the i.su , hike tr~e-y
resentatives, looking to the int r- of n
whole country and our .:rtire rl.
one class andI to one section.
The mortgage ind:ebtedies of ithe. n2e
in 1880 was $3.t0t0,000,G00: in l1st wa
Pouainhas incased during thait
tim 25pe cet;wealth hns incroes--5 t
per cent; mortgage indebtedness has in
creased 156 per cent.
Such figures as these should lie read with
ar nivn a we circulation.
That Tired Feeling -Severe
Headaches, No Appetite
Six Gottles of Hozs Sarsaparilla
Bring Back New * ife.
6 C. I. Hood & Co., Lowell, M1ass.:
"Dear Sirs:-Before using Hood's Sarsaps
rilla I was frequently sick and did not know
what was the matter with me. One day I would
feel so tired I could hardly stand, the next I
would have a severe heada::he and so on, not
knowing what the next lay would bring forth.
I did not have any appetite and
Was Greatly Run Down.
I tried a good many medicines but they did me
no good. Having heard a great deal about
Hood's Sarsaparilla I decided to try a bottle. I
am glad to say I soon felt better. I have now
used six bottles and feel as well as ever. It has
been of great benefit to me as I have regained
my appetite and
Now Enjoy Good Health.
I can strongly recommend Hood's Sarsaparilla
as an excellent blood medicine." 31. SynoNs,
5:5 Aisquith Street, Baltimore, Maryland. -
Hood's Pills act easily, yet promptly and
effciently, on the liver and bowels. Z5e.
Life of Mother and Child.
My wife, after having used Mothers'
Friend, passed through the ordeal
with little pain, was STRONGER I.q ONE
HoUiR than in a WEEK after the birth
4of her former chil..-J.J.McGotRCK,
Bean Station, Tern.
MOTHERS' FRIEND robbed pain of its
terror and shortened labor. I have the heal.
thiest child I ever saw.
Mas. L. M. AHERN, Cochran, Ga.
Expressed to any address, chages a, on re
c : f iro per bo-tle Fsi e by n Drug
14 kit. o to Nohrmaldfree.
.BRADFIELD REGUL.TOR CO.. Attanta, Ga.
DR . UH lES o. GEIGER,.
'llY."!'AV AND SURGEO,
OMers his -reZmional services to the peo
pie V .Mnning and vicinity.
Oti 'at J. G. D:akin & Co.'s drug slore.
MANNING. S. C.
D t. A. N. TALLY, Jn..
PIIYSICI.I AND SURGEO,
Ollers his professional services to the peo
p!e of Clarendon and vicinity.
Oilice in the Ecterpiise building.
MiANNING, S. C.
osEPH F. UHAME. W.OC. DavIs.
. T T OR NEYTS A T L AW,
MIANNING, S. C.
JOHN 8. WILSON,
Attorney and Counselor at Law,
MANNING. S. C.
Notary Public with seal. Associated with
. 0. Purdy, Esq., in litigated cases.
EFFERSO N D). ALSBROOK,
ATTURSVEY AT LAW,
MIANNING, S. C.
Office in TIEs building. Special atten
on given all business in his charge.
H.L. B. WELLS,
ATTORNEY AT LAW.
SUMTER, S. C.
~EO. W. DICENIK,
SUMTER, S. C.
Oficee hours-9 to 1:30-2:30 to 5. Over
evi Urothers' dry'goods store.
Charleston, S. C.
,f AIL, Express or freight goods to any
.jpart of the United States or abroaa.
rers receive pirompt attentlion i mmedi
atey upon receipt. In sending moneyv for
.ntich s not quoted in this list or our free
atlogue, send the amount of retail price
less 20 per cant. Any. difference wvill be
returned by next mail. Our business is
Srnie-rLs exsH. Goods sent C. 0. D. to re
ponsible parties. We* solicit a share of
our mil orders.
\lc.ck's Porons Phtsters, 10 25
BeladonaL Phsters, 15 25
Capi P lasters,~~ R enson' 15 25
\ k's** l'tnionT Phiszter.< 1ige 9 25
ToBa. :) boxes for 50
PSrvrpo f I~phspit1,' 1 50
r. F.-ixLeiran ' Ster! andi
~llto Lini'ment, i5
en' Emlin 6 7 1 00
e' Pho 1"sphate, Hforsford's, S .4l0 S .50
ve' Pills,111 20 25
re' Fa . 1vorite Prescription 75 1 00
Li:' Euk in 25e and 50
Lire il ure, 43e, pint, 50
I pLiv r Oil, pure, M0e, quart, 1 00
O:'iie soap, 12 oz cake, 10 15
Sik Sap impiorted, per lb., 20) 25
est's Ner've & Brain Treatment 67 1 00
hosp'ldne, 85 1(0
tract W\itch Haze, pints, 20) 25
rtr's ULtle Liver Pilis, 15 2.3
-:' we. en to hare the best stock of
)rugg'i-ss' Sndries, Perfumierv, Tooth,
vil and Hair Brinsbes. Combs. Sponges,
ham''', Sk'ins and Toilet Requil~sites in the
t. We can mili overq 2,0 articl &s in
ie Prn'' lIn a nywhecre, and payV special
tention to mali orders. We wxill utaa l our~
atlgeto ay address about April 1st
4. ,W liie this catalogue is not comiplete
Iwil gi: some Side~ha 0f the stoaCkw
(One Door North of Wentworth.
)pposite Dime Savings Bank. '
Parties desiritng agricualtural rent liens
d supply liens can1 tind them at The(
Post Offlee Rnles.
Morning mail closes 8.50.
iiXvening ma.il closes 5.50.
Office open from 8 a. m. to 8 p. in.
Sunday from 8.30 to 10.30 a. m., and from
to 7.30 p. m.
No money orders or postal note: w:ll be
ssued or paid after 5 p. -a.
Stamps and cards witi not be sold on
Box rents must be paid for in advance.
All letters upon % hich postage is due
vill be held until the postage is paid.
Boisterous conduct .n the post office is
trctlv forbiddeax. Louis APPELT,
Successr of the
DictIonay. It an
i n~ fnn ti and
Itself. it also
- gives the often do
conce gem nentpersons; fActsconcern
ing the countries, cities, towrns, and nat
ural features of the globe; patlculars con
cerning noted fictitious personsandpl m;
trnslation of foreign quotations. - It I In
vaiuable in the home, oce, study, and
The One Great Standard Authority.
Ho;. D. Z. Brewer Juic of U.& cuSnm
Cout, writes: " he Ntemafl is
the perfection of dctiousare " I com*end to
aul as the one great standard antbority."*
Sold byA Booksellers.
4. & C. Merrim Co.
:g r not b%~bali~O
r~bl rep ts Of anet
Better than Weahh.
Preserve your health by using
Pure Drugs and Mediclaes
from the old established and
always reliable drug house of
J. G. Dinkins & Co.,
In addition to a full and complete itock
Af Drugs, Medicines and Chemicals, we keep
ill the popular Patent Medicines, Paints,
(is, and Window Glass, Ciars and To.
acco, Garden Seed, Lamp Goods, New
in Machine Needles and (hi, and the
lhousands of other articles usually kept in
i firs-class drug store.
J. G. Dinkins & Co.,
Sign of Golden Mortar.
MANNING, - - - S. C.
NOTICE OF REGISTRATION.
State of South Carolina,
COUNTY OF CLARENDON.
I N ACCORDANCE WITH THE PROVIS
ions of an act of the General Assembly,
ratified on the 9th dayv of February. 1882, I
will be in the court Lwrse in Manning, in
the office of the clerk of the court, the fist
Monday of each month, for the purpose of
allowing persons coming of age since the
ast general election to register, and to at
end to any other business pertaining to my
>fficial dnties. S. P. HOLLADAY,
Supervisor Registration Clarepdon Co.
P. o. Addres Panola. S. C.
8. TROM!AS, J. J. M. THOMAS.
Stephen ThomasJr. & Bro.
IEWELRY, SILVER & PLATED WARE,
Specta.cles, Eye Glasses M aucy Goods.,
pa-Watches and Jewery repaired by
2.57 KING STREET,
CH ARL ESTON, S. C.
DEAI,EIIS IN.AN~D 31ANUTaCTURERS OF
Cakes, Biscuits and Plain
and Fancy Candies.
Penny Candies and Chewing Gams.
French Mixtures and
i19 King Street, .CHAEILESlON, S. C.
T E i B YI THE CHAPST
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