Newspaper Page Text
VOLUME 1, NUMBER 120 Weekly, Established 1SC0; Dally, Jan. 13, 1914. ANDERSON, S. C., FRIDAY MORNING, JUNE 5, 1914. PRICE FIVE CENTS
$5.00 PER ANNUM
MARTIAL LAW IS DECLARED |
n AND STEAMBOAT NAVIGA
? TION STOPPED
ISU?JECT TO DELAYI
A Strict Censorohip On All Mes-j
lj sages, Withholds Infor?
)[ mntion of Movements
$ Of Troops
y, .. (By Associated Proas.)
4London, July 3 ? .-There are only
two factors tonight giving the faintest
nppe ot averting a general European
. . ; y- '. >
/iFirst, Fr?cala and Auatrla are en
gaged again in direct negotiations. ,:
(?Second, Both. Great Britain and
BVance are using their utmost .en
deavors in favor of peace. ,
i on the other han?, Russia has or
dered ? general mobilization and Oer
many has d* eldred o Btate of siege,
which is undoubtedly a prelude to, if
Mt does not cover- mobilization.
-V Prance has not mobilized, but cabi
net co?ncll? which sat until lato to
night, issued ? decrees establishing a
; luo^^e*of wur!*^nonlcIejry^ho^Fren^
army is being virtually mobilized. .
A clrcumataatlal, though as yet, un
confirmed report, published. In Rome
says Germany, ls about to denian a
from both Russia'and France the im
mediate cessation of mobilisation. Yet
."'another rumor is that tho German am
hhssador has notified the! Branch gov
' ?rnment of. hia early departure.
?s i Great Britain ls practically, though
r.ot officially, mobilized, and tho
smaller European states, Belgium,
Holland abd; Switzerland, as a- pre
Sutton, nave ordered the caobUi?ation
their armies to protect their terr 1
. tory from being used aa a highway for
the belligerents and Norway, sweden
abd penmark to guard themselves'oh
general principles. '
. vi ta} y '/mate's no ano nun cornent and
?though a rumor cr?dita her with tho
deulslon not to participate In the
struggle, there is little doubt that abe
la making ready for mobilization,
fi Communication Cut Off.
... ,1 Communication across Europe has
Sen ont ott and there ls universal ap
Ication or the censorship, with the
result that- it is impossible tb obtain
ahy accurate knowledge of what mil
itary operations are going on, In Ser
via. All code telegrama are refused,
y Rtany American travfilora have bean
' lield up b .' the suspension of interuat
? ional trains,
. jj The withdrawal of . throb:., famous
German yachts from the Cowes regat
> . ta la significant. They include the
' emporor^ Meteor and Krupp's Ger
. j Ail the. countries involved ta. the
? war havo prohibited the .: export. ot
many products. All tba stock et:
chp.ngea in England and Scotland are
: ; cloBod. ^
,, raised their, rate? and the Bank bf
England rate baa been doubled.
1 Cftlm But Determined.
J Facing the most perilous epoch m
their hiai?? ?luce they shivered be
tora thd-spectre ot a Napoleonic .in
vasion, the English people are the
cilmest nation pf Europo. Yesterday
they feltlhe? decision whether tireat
? V, Britain .wt?&be drawn into * ?en?ral
? SufSahIfofo? hangln? tn tha?&&
ance. tqday thoyfbellove lt la a proba
bility rather! than a possibility..
fTThei? is no mistaking the fact, with
j exception of. ? minority ot< peace
vocate?, the' nation's mind Is recod
ed to war.
a There ^ave been no '?damtmsjra*
tiona*' but there is apparent at?ong nil
tjon^lr' tb?gov?rnm?nt declares the
v. Ation-a; .wteresta Kiod c*l!a*^?.iw(?
, Slire#i^id?.t?kft up arms slde/bf ?tte
V *ith Rdssl? a?d;<$r?ac?, id see the
l^sides^^rdugh to the bitter end.
? '. " . - Be?4r Fer tl? Fi*y.
VThb ?>?Uef vOf the average man ls
that the exUt?nc? ot, the whole ol Bu?
rope as ah, armed camp, nervous and
,' ijelqna, oould. bete but one eulanda/
t on and if tlie hour for a general eel
yemeni h*? struck," there -will\ be no
Tho luUltftfy SUuetlonstands where
ii did last h&h-.The mobUlJt?^^;o|
naval jfb*#s ?#s been completed tad
. :the fiants on a war footing except
(Continued on- pa?o G.)
R AL L 0
. JPh?to by American Press Asscciatioc
Heir to Austrian Throi
C'? WU Prince Charles Fx ancla Jos?
after the assassination of Archdnke Fi
dla te ca nae of, differences between Am
ancle. Emperor Francis Joseph, on the '
Austrian anny hi the crista,
? Wild P
. New York, July 31.-To-dry will pass
into history as cotton's "blackest Fri
day." In the brief hour br so that the
market-was open, before the board of
managers announced an adjournment
until IQ a. m. Tuesday morning three
failures had been announced, one bf
them an Important house In the Btreet,
brices had covered a wider, fluctuation
than In'any similar, period In the his
tory of tho ex liango and the frenzy
of trading in tbe ring- was 'probably
greater than anything ever aeon here
even In the strenuous days of the Sul
ly campaign. Thon' the excitement
was largely local. Today it was part
pt a world-wide apprehension and a
dread of conditions whlc?" have not ex?
Isted previously In a generation,
A Tremendous Slump. -V^^i;
. tfhe violence pf the early.trade may
fio Been from tho fact that after open-'
ng 13 to 46 points lower tho market
Bteadled up a little and then sustain
ed a perpendicular plunge of SOO
points, or $10 a, bale on some of the
hew.crop positions. At this time cot.
t?n was being thrown Over in large
quantities by Wall street interests and
by room > longs ; - in fact * anyone who
owned contracta - seemed anxious to
eet rid of them at any price,
? ' The announcement of the failures/
coming at this-tlm?, ably added to the,
uproar which was as close to a panic
ae anything the market has witnessed;
In its existence.
hos? Partly Bewers*.
But when tne selling movement
reached its height big spot interests,
?who In ra?> such timbs of extreme de
morallxawon In the past have come to
the rescue sent In. their brokers with
unlimited' buying' orders and the col
lapse ended as quickly as lt began.'
Shorts began a scramble to get baca
their cotton and when the market
cloged prices bad recovered fully 100
points of their loss and were only
about 55 to 70 pointe under last night.
; Marfeet BnllLsh.
; At the lowest point today the mar
ket. wa9 312 to |14 oJ bale down froth
the close,nf last week: and 116 to ila
under the lil sb est figures ot the sea
son ht June. The government
Issued after the close, made the.;
ditton, 76.4 and was considered ;
bullish, as it waa a reduction of 8.6
points from the tan rear average,
Should a general war bo averted it
was bellRvcd that theso figures would
ie jLeads Nation's Arni}
Vit, ne*i ia iine to the Austrian throne
rancie Ferdinand, which wu the lnime
itria and Servia, will succeed his great
throne. He will lend a large part of ths
lunge in Cotton
play a very Important part when the
market opeo s next Te s day.
The market closed steady. Spot
G. 50 tG.70; ' August? 6.59n?.c 1 ; Septem
ber- $.06a6.67; 'October 6.63a6.54; No?
vombor and December 6.42a6.45; Jar^l
uaryO.47aG.49; February 6.49s6.55:
Fishermen for Fighters.
v.ifi,tJphnk, N. F., July 31.-The
French cruiser Frlant sailed tonight
for-France after coaling hurriedly. Oh
the Orana*.Banka she will pick up 1,
000 .men of the French fishing' fleet,
and .proceed to Brest, where' the fish
ermen' will bo distributed among war.
Oing^To the Belie? 1W a Gen.
[|??fW?f; May Yet Be
?'??w'Wy 81.-J. F. Morgan
today issued the following statement:
?iSAjSOTrhg.as the new8 is from Eu
W?t?tyy *** a?ll hoplntr that there,
will not be a general war.
t..jtftu?tlon ot the American' se
^lfr% Wk6^ daring the past, few
iMfX?*^60 ? ?Plana? Illustration
pjPr^ *?'*?*? bf financial
j^wgbnsVln thlrf country. While we
mt earnoaUy hoped that the New York
st^k V6>change v might be- kept open;
l^J^V^^^1? In the interest ot
th^bow/countrytc-dote the ex
change^,. :. ; ?
'V.ffiW''te''nitod that the actual- prc
perttes-* represented; by America,,se
^^wlU^not .uffer greatly by a
m St.Idle to say that America wiri
>iot b?ttftrV by a general European
Js^v/Ttyftra. ls no, doubt thftt the whole
American people will cooperate to re
store :?o^ conditions'; thro?gho?t
|l||%-v . '- '"'X' .
^partanburg, a. c.. Joly si.-The
Ifei?^rwofld TBnaihist, an
gWc??lu mergyman\:?f i Washington,
D.'O., WM. killed -tonight Itt.^oftaa.
tob, N;'C.,:while":attempting Io board
?? ?.0 .
FIVE MILLION DOLLAR IS
SUE OF EMERGENCY CUR
National Banka Muet Be Secured
By United tSateo Bonds For
Not Lesa T?n 40 Per Cent
: (By Associated Press)
Washington, Inly 31,.-President
Wilson and th? administration acted
promptly today' tb reassure the coun
try agalnbt .threatening financial dan
gora ont of the Saroyan war situa
iM.p. Pint ?he prs-i.ceni Took steps
to complete Immediately the organisa
tion of the federal reserve board, so
the new currency. law may become ef
S*cretoi7 MeAd03, expressing ap-j
prov?l of the closing of - stock ex
changes throughout the country, an
nounced that; a $500,000,000 issue of
emergency currency walting at the
treasury department would be made
Immediately available to nar.onal
To make moro easily accessible this
emergency currency, author i ced by
the Aldrlch-Vreel?nd act, the senate
late today, ai. Mr. McAdoo's sugges
tion . passed unanimously an amend
ment to tho currency law modifying
the clause- providing that banka of
! national cujf?gdcy association to
j avail themselves of the issue, must
I have outstanding currency notes, se
cured by bon&htftf tba United States
to^an amount^g^ less than forty per
Tho-trtnondmehb'.would givo tho soc
retary "of the ' tr??sury. authority in
his discretion to ignore restriction.
It will he? pawed pearly tomorrow by
.the .house and prd?aoiy will be signed
by the. president before night.
To hasten perfection of the f?deral
reserve board, it waa made known at
the white house that President Wilson
would send to the ec note tomorrow hts
choice of a successor to Thomas D.
Jones; of Chicago*!whose nomination
was withdrawn; Th* tense situation
Sis? brought to immediate action
Paul M. Warburg, of New York who
for weeks had been" balding back frost
an examination by tho senate com
mittee on banking and currency. Mr.
Warburg notified the president he
would .come to Washington at once
and telegraphed Senator Owen, chair
man of the committee that in defer
ece to the president's urgent request
and In view of the1 seriousness ot tho
present emergency he had decided to
waive ali persona) considerations and
was prepared to appear before the
committee at a convenient dato,
i After another exchange ot messages j
it was arranged that Mr. Warb?rg
should appear before'the'committee!
tomorrow afternoon. In the mean
time the name of tba other member
will be submitted to the senate. To
night It was believed that Edwin A.
Potter, a Chicago banker and a repub
lican would bo cheese.
Otuclal Washington was unusually |
optimistic regarding the general fi
nancial outlook In the United States,!
Secretary McAdoo bad no worries over
tho exportation of American gold,)
though he approved heartily the clos
ing of the stock exchanges In order to |
check, lt. He referred to the patri
otism of the bankers of the country,]
who, he felt assured, would not per
mit exchanges that-: would be disad
vantageous to the nalbra.
"America ls In a position to tako |
care of herself," the secretary said.
(Continued on Sixth Pago.)
\ , ,. . ?; ?'", , s
o o ooo o o ? o,o o o o o ao|
o GERMANY DEFIANT
o (By Associated Press) ~
o Berlin, July 31.--The
o Germ?n Emperor made a
o war speech to the people
o ot Berlin today,: m which
o he expressed the hope that
o if he was unable to induce
o his opponents to maintain
o . peace he would wcild the
o sword and show his ene
o niies what it means to
o provoke Germany.,
o The Emperor has sum.
o rrioried the Reichstag to
o , meet Tuesday at the Royal
o Palace and hear the de
? cisi?n of the emperor and
? th? Burjdesrath, and if
d necessary ;to vote a war
o; vcredit. ?
o o ? ? o o. o o'o ooo o o o e
URLS DEFIANCE i
WORLD'S MARKETS (
TO AVOID COMP!
Photo by Air rican Prose Association.
; Belgrade, the Servian Capital
Belgrade, which King Beter of Servlft hantliy abandoned, ls separated from
Austrian so i only by tho river Danube. Close to the Danube ls a fortress,
part of which crowns a hill 150 feet high.
JFrorri Reface of Eartlil
a Majority of From 20,000 to 30,000 for "Law and Order"
Special to The Intelligencer.
Colombie July 31.-About 60 mem
bers of the state democratic conven
tion in May met av the Jefferson ho
tel Friday st noon ia response to a
call issued by the Aiken county dem
ocratic delegation. After the reports
were received from the different sec
tions of the state it was decided that
no steps toward elimination of anti
Blease candidates for governor were
necessary, .The concensus of opinion
being that, "HI ease i tm ls already de
feated" and that "the overwhelming
majority of the people of South Caro
lina are .opposed to Bleaselsm."
It waa emphasised by the Aiken
county delegation that lt was nover
the intention to interfere with the free
choice of the people of tho Stat) in
the primary election. It was stated
by the leaders in the conference that
lt was not the intention of the move
ment to force any' man out ot th? race
for governor, but that the matter of
elimination should be left to fae vo
lition, of - the candidates*. Thors was
not a candidate for governor, present
at the conference.
Responding to cries of ' Pollock",
Hr. W. O. Pollock of Chora v. whose
name ls now well known thionghont
South Carolina from the brilliant
fight he is making in the race fer the
United States Senate brought the
conference a message of good cheer.
"I have been In 30 counties, alohg the
coast and ' extending to the foot of
the mountains and my positive belief
ls that Cole Please will not carry a
single one of them" he said amid
Telling bf his ambition to represent
South Carolina In the United States
Senate, Mr. Pollock Said he had been
actuated by a higher motive than this
In'entering the r/:e and that motive
to to do a man's 'part in redeeming
South Carolina from the reign of law
lessness which has disgraced her for
the last three and one half years and
to bring her again to that place, she
formerly occupied and to re-enthrone
righteousness, law and order, in the
Saying he appreciated the privilege
of addressing such a patriotic assem
blage, the Cheraw man said that when
the senatorial party w?s In the lower
part of the state and Governr/ Bleaso
was getting such cold comfort he kept
saying, "wait till we reach the Pied
mont." When, we got there Mr. Pol
lock said, the revolt was still more
pronounced against. Bleaselsm. "At
Newborry I saw forty badges of so
cialism and nihilism torn from the
breasts o? men and trampled into the
dust after they had heard Bl ease's re
cord,'! he stated amid tumultous
cheering. Saying when they penetrat
ed further Into the Piedmont 'section,
the sentiment continued growing
against Bleaselsm. Mr. Pollock de
clared that he did not believe any
majority that the Governor In Ander
son county would not be. au much ss
260, and lt otsgraced itself two years
ago'by'giving Bless? a majority of
over -2,000 and Mr. Pollock said he did
not believe Anderson county would gc
for him at'all. He said his informa
. '":\V-.; . "' :. ' ; . .
tion was that "Blesse would -lose
Laurens county" and gave It as bis
opinion that the sweep against Bleaso.
ism would be complete.
"I have the privilege or telling the I
people what Blease ' is, and what he
stands for," he continued, Baying that
the people could be trusted now as |
always'and that their "eyes wore be
ing opened." Showing how he carried
tho fight Btraight to the people, the
Cheraw man told the conference that
the masses of the people were stirred
and that "the great majority of them
will never again record their vote for |
Blease and what he stand? for."
Mr. Polldck said that he knew that I
thousands In South) Carolina had
hearts that beat in-unison with his, j
but he understood the situation and j
"that they were going to yote for an
other man for. Senator. God speed
them In their good work for ' the
State.'" He said th nt he would have
the consciousness of duty well done
in playing a man's port In helping to
redeem South Carolina and that that
would' be. compensation enough.
"Not witV the sir of a braggar," he |
(Continued on Sixth Page.)
BLEASE IS GONE
IS THE OPINION !
Meeting In Columbia Yesterday!
Concluded That He Has Lost
Race For the Senate
Columbia, July .Tl.-That Bleaselsm
to already, overwhelmingly defeated |
in South Carolina and that the democ
racy of the state can be depended up
on to voto,for the.candidates who will
stand for law, order, and decency as
opposed to the lawlessness. "whtch
bas disgraced South Carolina for the
past three and one-half years," .was
the substance of a resolution drafted
and adopted by delegates representing
the antl-Blease forces of the state,
which met here today.
Resolutions offered by George W.
Croft, member of the Aiken delega
tion, were adpoted without a dissent
ing voice. The following ls the last
section of the' resolutions:
' Whereas,, it -was thc judgment ot
those assembled that the overwhelm.
lng majority of the people of -South
Carolina ls opposed to Bleaselsm, and
Bleaselsm is already defeated, and?
Be lt resolved, hy tho delegate? to
the recent state convention from Aik
en county that wo do not deem it
further step Reward ? wMlou of a
necessary - or * expedient to take any
proper and ault able candidate for gov.
er nor, nut we call upon tho manhood
of South Carolina to Join with us in
going to tho polls and laying aside If
necessary their personal preferences
and In casting their votes for the hon
or and good of Our stato and for the
candidates who appear to be.the.inost
available to overwhelmingly . defeat
Bleaaeism August 25th.
MANY PROMINENT WALL ST,
BROKERS ARE .FORCED TO.;
THE WALL I
/.,;. \ \\ ^ ' ??<?&.
"BLACK FRIDAY" ?
ON THE EXCHANGE
New York >?oi(?et Vyitnewes the
Greatest Panic Ie? Its History,
-Cotton Declined $10.00 W
j' y?w0>$i ! .?.
New York. Jul jr.? BIMTO? vaSt sud
complex rjwchlne'r^yd^.^e securltlflf
marketa of the world cotne'to a com.
plete halt today.tor'/?n peiv
tod. It waa au'occurrence unprece
dented in history. . V. . fri
With all Europe ae?miugly on the
verge bf war, the continental cx
chp.ngcB closed) Bevera? day a ago with
the London market- following suit to
day, the New York .stock exchange
would have boah culled upon to bear
the weight of the. vprlds financial bur
dens. It virtually had done so all
week, for white '.tim .'Loudon 'market
was open, tranBacttone\y/ar? norning.
The unloading or stock? .t??ro by penile
stricken Europe./dur.Ijyj -the.,)ast four
dayr ?nd th* erasequent "collapse cf
pricey made history in Wall street.ff
To coritin??? longer to bear the bar
den, m the opinion -or tho : bankors,.
whose influence determines the'course '
of events in the street, would havu
been hazardous In the 'extreme. After
a period of hesitation'' and extreme
nervojis tension,' it1 wak decided top
minutes before the hour, set for the be?
gining 'of business* today that the. exV
chaage would not bo openod. That
action closed . the last great market of
the world. All tho other American
exchanges also closed.
As |t was, there were four assign
ments, three of them announced on
thp cotton exchange^ The firmo are
Plower & Company, bankers; S. H.
P. Pell Sc Company, stock, cotton and
grain brokers; Homer," Howe & Com
pany and P. J. Fred erickson & Com
pany, both cotton brokers. , With the
exception of Flower .A; Company, the
assignments are. undor?tood J havo
been caused by tho, recent extreme de
cline In coton op?rions; Pair #
Company were reported, to havo been
the leading firm on tho long side ol the
cotton market and to ' have been
caught with, enormous commitments
un their hands when tho break cams.
Flower & Company, who are not mem-,
bore of tho cotton'exchange, sie said
to have been embarrassed by the
break in stocks. No etstsnisnt cf as
sets and liabilities Wore Issued by.
any ot the flrm3 Involved,
It was the impression tonight that
the worst ot the storm had. passed.
George W. Ely, secrete ry.of j the steck
exchange, said there, waa no indica*
lion of trouble from any other quar
ter. New Yorks loading bankers, as
sorted unanimously that the position
of the banks were eound.. How tong
the stock exchange will be closod is a
matter of conjectu'n^tab, answer d**
pending upon tho coarse of events/,
abroad. ? *? . ?"*' "l
"If a general Eurcpean ; war should
como,"' said one member ot the gov
ernlt?g board, "tho exchange may ber
closed all summer." - fi .
Banking business was not greatly
deranged and there, waa nb loee ot
confidence as to thVdnUodk to thai ?
direction, but declines in foreign ox1*
change were vliiuaUy^e^douad..
. The events of tho morning gave pr*,
sale Wall street ouft'dr'lw' tare hour?
of pure drama. Last night lt waa als*
sumed everywhere thatch* ";stjock eju
change would be. open'today. When ~
word came that the London markp?
bad been closed uneasiness grow un*
til it waa realised tfea?Mt strs?t wa*,
face to face with a rSaf ?risls. It w?
obvious that, should; exchang*
open, an avalanche Of Pelling order?
would be thrown in1 xrom Europe.
Brokera had on hakd?*uytog order?
mr a large amount, fydm. tor?ete*? ',?**.
slrauB of taktoC edn .'.tog? pf the ?a*
thought, might hold ap the market
for a.time. Afterthst. lt waa anjft
one? flpess what .would tofW?te;?'.
At *??O o'clockv.balt en bp^botop*/'.'
the time t?*?peel^fc^^
- (Conunued mt. V**0 8.)