Newspaper Page Text
FIN A NCI Ali AFFAIR8
Offer of the Oovernment of $150,000,000
la Bonds and Certificates Had the
Washington, Nov. 24. ?Tho events of
the past week in the financial situation
have centered around the offer by the
government to receive bids for $50,
000,000 in 2 per cent, bonds for Panama
canal construction, and offers at par
for $100,000,000 in treasury certificates
running one year at 3 per cent. The
announcement of this project by Presi
dent Roosevelt, in his letter to Secre
tary Cortelyou, published on Monday,
has done much to restore normal con
ditions in the money market. The pre
mium on currency, while somewhat ob
stinate, has been gradually declining,
and the rally in the stock market on
Saturday, following the visit to Wash
ington of J. Pierpont Morgan and Geo.
F. Baker, indicates that confidence is
being restored by the manifest co-oper
ation between the government and big
financial interests in New York. Some
uncertainty prevailed early in the week
regarding the terms of subscriptions
and allotments for the new securities,
but doubtful points have been cleaned
up from day to day by the statements
of Secretary Cortelyou and other offi
cials, and the manner in which offers
arc being received for the new securi
ties indicate that they will probably be
oversubscribed. The mail offers from
national banks for the Panama bonds
are very heavy. The envelopes will
not be opened until the time for re
ceiving bids closes on Saturday next,
but the number of bids received, and
the declared purpose of some of the
large New York and Chicago banks to
subscribe with the purpose of increas
ing their note issues, leaves little doubt
in the minds of bankers and treasury
officials that the loan will be covered.
The fact that the one-year certificates
can be availed of to secure new bank
note circulation, and that 'such circula
tion can be retired within a year, is
having an effect in drawing offers for
these securities; indeed, Secretary Cor
telyou, in making allotments, is reject
ing many offers which he docs not
think will tend to materially benefit the
monetary situation. By permitting is
sues of bank notes to the full amount
of the bonds and certificates taken by
national banks, and then rcdepositing
the proceeds of the sale of the securi
ties to the amount of 75 per cent, in
the banks, there is opportunity for in
creasing the amount of currency in cir
culation by a net amount equal to
three-quarters of the new security is
sues. It is not expected that the in
crease will be so great as this, since
some of the short-term certificates will
be taken by private investors. There
is doubt, also, whether any such in
crease will be needed if the corner is
turned in the monetary preasure when
the bids for the Panama bonds are
opened and offers for the certificates
are closed at the end of next week.
The importation of $81,000,000 in gold,
now arrived, on the way or engaged,
adds so greatly to the monetary re
sources of the country that it is an
ticipated that there will soon be a
plethora of circulation rather than too
The fact that the gold which has
thus far arrived has not increased per
manently the New York reserves is de
clared by New York bankers to be suf
ficient evidence that everything is be
ing done which is possible by New
York to aid the banks throughout the
Reports from the South indicate that
tho cotton crop is moving with a fair
degree of facility at the present time,
and that the deadlock which threatened
at the outbreak of the orisis has been
broken. It is hoped that it will soon
be possible to resume cash payments at
all principal centers. Bankers from
Chicago, New Orleans and other lead
ing cities declare that they are ready
to resume as soon as New York will
give the signal.
Colds and Croup in Children.
"My little girl is subject to colds,"
says Mrs. Wm. H. Serig, No. 41 Fifth
street, Wheeling. W. Va. "Last win
ter she had a severe spell and a terrible
cough, but I cured her with Chamber
lain's Cough Homedy without the aid
of a doctor, and my little boy has been
prevented many times from having the
croup by the timely use of this syrup."
This remedy is for sale by the Laurens
Drug Co. _
THE COLORED CONFERENCE.
Sessions of the A. M. E. Church Confer,
ence Begin Here Today.
This morning at 9:30 o'clock the an
nual session of the Columbia Confer
ence of the African Methodist Episco
pal church will be called to order at
Bethel church, this city, by Bishop L.
J. Coppin, of Philadelphia. Several
meetings will be held daily, and the ses
sion wi.l continue through Sunday.
Tho Columbia Conference embraces
the northwestern portion of the State
and is composed of six districts and
130 pastoral charges.
Outside of regular rovitine business,
the most important matter to come be
fore the present session is the selection
of ten ministerial delegates from this
Conference to the General Conference
which meets in Norfolk next May in
It was the expectation of the Bethel
congregation to have their new church
ready for Conference, but owing to
some delays this could not be accom
What Would You Do?
In case of a burn or scold what
would you do to relieve the pain? Such
injuries are liable to occur in any
family, and evcryono should be pre
pared for them. Chamberlain's Salve,
applied on a soft cloth, will relieve the
pain almost instantly, and unless tho
injury is a very severe one, will cause
the pnrts to heal without leaving a
scar. For sale by the Laurens Drug
It is understood that the blind tigers
of Charleston will test the constitution
ality of the Carey-Cothran law.
This distressing disease results from
a disordered condition of the stomach,
and can be cured by taking Chamber
lain's Stomach and Liycr Tablets. Get
a free sample at the Laurens Drug Co.
and try it.
! WM. H. POOL.
BY W. D. s.
IP ^^?^^^^?^^^^???'^ ????????
Billy Pool the II. married Elizabeth
Pool, who owned a nice little farm on
the hill, on the west side of Reedy
river. They hired a family of free ne
groes to work their crops, and when
the slaves were emancipated he had
already learned how to work free ne
groes; and he kept a big crowd of them
on his land. Ho gave them land on
which to build Prospect church, and it
was no trouble to get labor. He rented
his land for the three-tenths and paid
Btrict attention to the collection of his
Hharo of the crops.
He would purchase a tract of land
and pay for it in two or three years,
and then buy another tract. He kept
this up until he bought up about three
thousand acres of land. When his
family would get after him to buy ex
tras he would point up over the mantel
i board at a paper tacked up there, stat
ing that he owed the Greenville banker
four thousand dollars for the last tract
of land purchased, and this debt must
be paid before any costly goods were
bought for the house. So it went on,
year by year, until all those lands were
bought and paid for.
Coming from Honea Path with a load
of guano, his team got frightened by
thunder and lightning and threw him
out of the wagon. The wheels ran
over his body and injured his bowels so
ho lived only a few days.
He was a member of Mt. Bethel
church, and his rule was the first debt
paid in January was his church dues.
Every call was paid in full for twelve
months in advance. What a blessing
it would be to the preachers if we had
plenty of men of this kind.
It is healthful, wholesome. It's as
for one as the other. A little dose will
make you sleep and eat. Makes peo
ple happy. Hollister's Rocky Mountain
Tea. 35c, Tea or Tablets. Palmetto
Fraud Alleged in Old Dominion.
That graft existed to a flagrant de
gree in many of the licensed whisky
distilleries on the part of the govern
ment gaugers is the belief of the com
missioner of internal revenue, Capt.
John G. Capers. He says that in many
of the distilleries throughout the coun
try the gauger and storekeeper, who
is a bonded officer of the government,
is in collusion with the distiller, and
the two commit fraud. It is impossi
ble, under the system in force, the
commissioner says, to commit any
fraud without the direct and deliberate
collusion of the government gauger and
storekeeper. Under the immediate di
rection of Commissioner Capers an ac
tive campaign has been inaugurated in
Virginia for the ferreting out of the
frauds by which the government is an
nually being defrauded in Virginia
alone of something like $500 a day, in
the opinion of the commissioner.
"Many of the distilleries in Vir
ginia," he said today to the State rep
resentative, "have been making two or
three gallons of whiskey for every gal
lon upon which they pay the revenue
tax. This goes on in all the States
where whiskey is made to some extent,
and reports have come to this office of
it in Kentucky, Tennessee, North Caro
lina and elsewhere. In most of the
reported cases of defrauding the gov
ernment of the revenue it has been by
small blockade distilling, but in Vir
ginia especially, and to a slight extent
elsewhere, there has been collusion be
tween the distiller and the gauger and
storekeeper by which more whisky is
made than the gauger reports. The
way this has been done is very simple,
so simple in fact that it is very hard to
detect it. The gauger is required by
law to stand at the spout through
which every drop of distilled spirits
must come, and as soon as one barrel
is filled he must roll that barrel into
his storehouse, which has in it one door
and no windows, the one door being
locked with a special kind of key fur
nished by the government. Then he
must roll under the spout another bar
rel just like it. Every pound of grain
the distiller purchases must be ac
counted for in the quantity of spirits
distilled, but there is a margin of 20
per cent.; that is, the distilled spirits
gauged must be 80 per cent, of the
maximum amount which that kind of
grain can produce. After this 80 per
cent, has been gauged by the gauger
the custom has grown up for him to
look the other way or go out for a
short walk, varying in length from a
half hour to several hours, during
which time the distiller is catching
whisky from the spout in a private ves
sel and rolling it down the hill. This is
the most common way for the govern
ment to be defrauded of the revenue,
although there are other devices, all of
which, however, must be with the col
lusion of the government gauger. This
official may not always be a willing
partner with the defrauding distiller,
although the distiller making from $50
to $100 a day by saving a dollar and ten
cents on every gallon can well afford to
give a portion to the gauger. But of
ten the gauger is an unwilling- party to
the fraud. Sometimes when a gauger
is sent to take charge at a distillery
about to be started the distiiler calls
him aside and asks him if he proposes
to shut him off when he has made the
80 per cent, of spirits which he gauges
according to law.
"Yes, of course," replies the gau
Upon this the distiller declares that
he will not then operate his still at all.
He says to the gauger: "You just
go home and think this thing over."
The gauger, who has his family to
support, and who has come some dis
tarce, paying his own expenses, is up
against the question whether he will
have no job or make terms with the
distiller. And he often takes the latter
Owing to the operation of the Watts
law in North Carolina, which forbids a
distillery anywhere in the State except
inside incorporated towns of a thou
sand inhabitants, a large number of
distilleries moved from that State into
Virginia. Since the revenue inspect
ors, who are charged with espionage
over the distilleries, have not been in
creased in Virginia until within the
past two or three months, a system of
wholesale fraud has grown up specially
in that State. Commissioner Capers
has had the force increased by four
revenue agents, who have under them
some fifteen or more special inspectors.
These have unearthed the frauds, and
are now making daily raids. It is said
that some of the largest and most
powerful distilleries in Virginia will be
raided before the campaign is over
with, and some men high up in social
life may be convicted of fraud.?Zach
McGhee, in The State.
See our line of Couches and Lounges,
upholstered in imitation of leateer and
velours in different colors, with best
quality of springs, at prices that will
be money saved for you.
S. M. & E. H. Wilkes & Co.
Mr. P. W. Finley and Miss Ella Odell
were united in marriage last Sunday
afternoon at 3 o'clock at the home of
the bride's parents, Mr. and Mrs. J. N.
Odell, near Mt. Olive church. The cere
mony was performed by Rev. J. A.
Martin, of Cross Hill, in the presence
of a large number of relatives and
The groom is a son of Mr. John R.
Finley, and is a promising young far
mer of Madden, while the bride is
a young lady of many accomplishments
and a favorite among a wide circle of
N. B. Dial, President, Chas. H. Roper, Cashier, L. G. Balle, Jr., Asst. Cashier
C. E. Kennedy. M. J. Owings, J. W. Copeland, C. H. Roper, S. M. Wilkes,
R. L. Gray, W. J. Fleming, N. B. Dial.
Saving; Has Been the Saving of
Many a Man.
And the rainy day?sickness and lay-offs are pretty certain to occur in the
life of every man. It is THEN the SAVINGS ACCOUNT is a good thing in
Start "Yours" Today
We pay 4 per cent in Savings department and 5 per cent on Time Certifi
cates. Small accounts just as welcome as the big ones. We treat all alike?
courteously, carefully, pleasantly.
The Enterprise Bank
Laurens, S. C.
bdoooqoooqoc sec aosococsoc
MAKE YOUR MONEY
I - - COUNT - - j
Owing to some contemplated changes in our business in January it %
8makes it necessary to reduce our Big Stock by that time to the lowest a
point possible and if in need of any goods in our line you can save money h
by using this opportunity.
F% Everything in our stock will be sold at a reduction that will make J
?it to the mterest of the buyer to use the opportunity and we invite you ^
to come and see us.
Stock consists of furniture of all kinds, stoves, crockery, glass ware,
matting, rugs, art squares, pictures, lamps, sewing machines, organs,
trunks, mattresses, bed springs, in fact nearly everything needed in i
Come and see us and save money. Reduced Prices Cash. s
The Caine & Pitts Furniture Co. j
No. 105 W. Main Street. Next door to Laurens Drug Co. g
SOUTH & WESTERN
WILL LEASE C. & W. C.
Statement Made That New Road Will
Use C. & W. C. Track From
Spartanburg to Greenwood.
Anderson. Nov 19.?The South &
Western Railroad has practically made
arrangements with the Charleston &
Western Carolina road to use the tracks
of the latter between Spartanburg and
Greenwood, via Laurens, sixty miles in
length. There has been no effort on
the part of the South & Western offi
cials to buy outright the tracks of the
Charleston & Western Carolina road.
Mr. J. A. Brock, president of several
Anderson cotton mills and a director in
the Charleston & Western Carolina
road, gave this information to this cor
respondent today when he returned
from a directors' meeting of the road
held in Charleston yesterday.
"The purpose of the South & Wes
tern people was not brought up at the
meeting yesterday. This meeting was
the annual one and was only formal,"
said Mr. Brock.
"However I had a private conversa
tion," said Mr. Brock, "with Mr. Wal
ters, first vice president of the Charles
ton & Western Carolina road, and he
told me that President Carter, of the
South & Western road, had approached
him on two occasions to get trackage
arrangements between Spartanburg
and Greenwood, via Laurens.
"Walters said that while the con
tract had not been signed it has been
practically arranged for a track be
tween Spartanburg and Laurens to be
let to the South & Western. Mr,
Walters says that the people backing
the South & Western road have money
and mean business."
Mr. Brock was asked what the South
& Western would do after it got to
Greenwood. He replied, "I do not
know, and I do not think Mr. Walters
does." It is said, however, in railroad
circles that Greenwood will be made a
distributing point, and that the road
will go from that point directly to Sa
"I asked Mr. Walters why the South
& Western did not use the tracks of
the Columbia, Newberry & Laurens
from Lturens to Charleston. He said
that heavier rails and heavier roadbeds
would be necessary for the class of
freight to be hauled.
Mr. Brock was asked what had been
done towardB constructing the South &
Western road. He replied: "The South
& Western has about ninety miles of
track completed and in operation. It
commences at Elk horn, Ky., and goes
direct to Spartanburg. The distance
between these points is approximately
three hundred miles. The completon
of the road from Elkhorn to a |K>int
in South Carolinn or Georgia means the
opening up of more than three hundred
thousand acres of coal lands."
Concerning "Christian Name*."
May one Interject a gentle protest
ogaiust the use of the phrase "Chris
tian name". In this conueetlou? Tha
Kornaus said praenomeu, the French
soy preuom, and wo have used the
word "forename" for tho last 305
years. It is as Incorrect to speak of
the Christian name of a Jew, for ex
ample, as It would he hopeless to ex
pect a Christmas card from a Jewish
rabbi. Again, tho middle uame of a
Roman was his gontile name?that of
hia gens. On the snrfnee, what a prot
ty confusion of Ideas it would have
been to have spoken of tho name as at
once gentile and Christian!?Londou
Notes and Queries.
Fiction Ready Mado.
"Have you ever read any of Mrs.
Galley'B stories ?"
"Yes; they're awfully Improbable,
aren't they? I don't see how sho Im
agines such things."
"She doesn't Imagine them. She just
makes notes of tho excuses her hus
band gives her when he gets home lato
at night."?Philadelphia Tress.
Thanksgiving: is Coming
and our country is preparing to welcome it
with feasts and joyous songs. Yes, there is
plenty to be thankful for. Among other things
--the display of
Fine Dress Goods and
?now offered to the Public,
on our counters, unmatchable in quality and
pleasing in price. Let us help you along the
joyous season by pointing out the satisfaction
and saving offered to the public Right Here
a splendid chance to gobble up Bargains while
Turkey feathers are flying and pumpkins are
are going to squash.
...Stop at Tlie Hub this Week...
Laurens, S. C.
We wish to thank everyone for the support and encouragement we have received during the past
year. We thank you for the good words spoken in our behalf, knowing your confidence has not been
misplaced. We will in the future, as in the past, strive to deserve your friendship and to satisfy you in
every way by marking our goods so low that no one will have cause for complaint. Call to inspect the
following lines and their prices.
On Which You Can Rely,
We have been satisfactorily supplying
the most careful men in Laurens for
many years. Our business has been in
creasing steadily. Wc buy from re
liable makers only, and personally see
that fabrics, tailoring, and styles are
first class in every detail. Our reputa
tion has been built by giving the best
clothing for the smallest amount of
money. To depart from this giving of
values, would be our ruin, and we know
it. That is the main reason you can
rely on the clothes you buy from us.
Michaels-Stern's Suits and Overcoats
are famed for their style, fit, finish and
fabrics. They never fail to satisfy.
Prices $15, $18, $20 and $25.
Our popular priced clothing is practi
cally and stylishly made of good ma
terials. Unusual values at $7.50, $10
Young Men's Suits in nobby styles.
Ours wear longer than others at these
reasonable prices $7.50, $10, $12.50 and
Hoys' Suits. Takes sturdy suits of
durable goods to last any length of time
on most boys. Try one of ours if you
want long, satisfactory service. Low
prices $2 and $5.
You can be thankful that wc .-.till have a large
and pleasing line of Bed Coverings. If we hadn't had
i plentiful stock, we'd be sold out by now. As it is,
wc arc still in splendid shape to serve you with Blan
kets and Comforts of all kinds and at all popular
All-wool Blankets in while, red and gray with
neat borders and silk bound. 10-4 size and $5
The very best all-wool Blankets bound with silk.
Handsome red, blue and pink, woven borders. ii-.|
size. Big values at $6.50.
XO-4 Blankets of selected wool in white and col
ors. Neat borders and bound ends #3.50 and pair.
Cotton Blankets of surpassing
or gray. Values worth considering
98c, $l.OO and
Comforts of good materials. Dainty borders in
red, pink, blue and green. Warm coverings for cold
nights at warm prices 98c, Si.50 and #5.00.
Attractive Dress Goods
Kveryone is attracted to these beautiful Dress Mater
ials. The charm of the colorings, the soft beauty of the
textures, the superior qualities at low prices, all combine
to make this the dress goods display in Laurens.
Our popular Broadcloths in black and every shade of
brown, navy, garnet, tan and castor. Really worth more
than #1.00 yard.
Black goods. We arc showing a large and attractive
line of Panama, Mohair, Serge, Batiste, Nuns' Wiling, etc.
Kxeellcnt materials at #1.00 yard.
Taffeta .Silk in black, brown and garnet. Handsome
quality temptingly priced #1.20 yard.
Taffeta .Silk in black, brown and garnet and attractive
patterns for waists ">o yard.
Beau de Soie ??k. Easy to ph ase- you with these
beautiful goods. Two fine grades in black at #1.00 and
50c Dress Goods. Repcllants, 5S inches wide, yard
50c. Panama, ?Serge, Batiste and fancy plaid, etc. High
grade materials at a low grade price 50c yard.
Our 25c goods are biggest values we have ever offered.
Our Tan Shoes for La=
dies' have arrived and
going fast. Dark brown
and golden brown at $3
and $3.50 pair.
J.E. MINTER& BRO.
The Reliable Store.