Newspaper Page Text
FAnes Sweep Eitire Block, Destroy
Ing Five Itesidences Worth $15,000.
-McCormick,' dJuly 27.--Ono of ithe
Most disastrous lires twhich has oc
curred in mcCormick since 1910
,was that which swept one side of an
entire block of -the town -this after
noon. In its path -flive residences
were destroyed, entailing approxi
mately $15,000 loss both in buildings
The fire originated, as best as could
be learned, in the ceiling of a stove
room at the Dr. Burdashaw ersidence
owned by John R Cheatham and L. N.
1Isiovn, and occupied by a Mr. Cor
bett. From this residence, the next
was a residence owned by J. B. -lar
mon and occuplied by Otis M.. Read,
which was soon destroyed. The fire
then continued along oak street
destroying the entire line of five
resldhnces between Gold and Vir
McCormick is without wateilworks
or fire 'lighting apparatus and the
entire town seemed to be threatned
when the wind began blowing. It is
understood that most of the contents
of the residences was saved and the
buildings were ahnost fully covered
by Insurance, so that the loss will not
fali so heavily on the owners.
Devt'h only a matter of short time.
Don't wait until pains and aches
'become incurable diseases. Avoid
.painful consequences by taking
"The world's standard remedy for kidney,
Iivor, bladder and uric acid troubles-the
National Rotnedy of Holland since 1696.
'Gu-:antood. Threo sizes, all druggists.
Iook fcr the n.amen Cold Medal on overy boa
and .ncnt no imitation
The Brunswick is frankly a
There is one tread that's s
that is now on Brunswicks.
There is one side-wall con:
holds the summit place for
adopted for Brunswicks.
Fabrics differ - up to 30 pc
On Brunswicks the maximumr
There are certain additions,
vastly to tire mileage. The
There are no patents, no
maker from building the be
knowledge and skill -cost p1
Brunswick standards are k
name certifies an extraordin
no more than like-type tires.
Buy ONE Brunswick. It
not be bought, regardless ofj
Sold On Andi
ARE BEING PROBED i
international Exchange Dealer De- a
elares Assets Far in Excess of la- t
Boston, July 30.-The probe of the
federal government Into the financial
methods of Charles 'Ponzi, who claims
to have made millions by -his dealings
In international exchange, was offic
lally started today. -A 'firm of audi
tors working under the direction of
United .States Attorney General Gal
lagher began the examination of Pon
zi's books and records in an effort tol'
deterine whether he Is solveent.
Attorney General J. Weston Allen
also will have an audit of Ponzi's
books made, acting upon the request
of Governor Coolidge that the opera
tions be thoroughly Investigated. It
is exipected that the .audits will be
compleeted within three or four days.
after 'which, according to Ponzi, he
will reopen his offlce to accept depos
Ponzi declared tonight that the in
vestigators would find that his assets
were far in ecess of his liabilities.
lie said, also, that he would hold an
other conference tomorrow with the
group of New York bankers who are
alleged to have offered him $10,000,
000 for his business. lie added that
he thought he would decline the offer.
The amount paid out by Ponzi since
-the run began Monday was estimated
by hish manager, Miss Lucy Meli, at
$1,.-,00,000. "AndV we have tiwice as
much mo(ney right here in Boston as
Mr. Ponzi owes, so there is no need of
anyone being nervous," she added.
Ponzi, a few days ago announced
that his liabilities were about $3,000
000, Indicating that public participa
lIon in his schemes already had been
reduced by one half., 'with thurther
receilpts stopped by his agreement
with the authorities to accopt no
more funds until the investigation of
his aceoumta Is completed.
The run of frightened Investors to
cover, Miss Meli saId, meant more
money In the already bulging pockets
of Ponzi, as unmatured notes were
combination of the best In tire
upreme beyond question. And
struction, which, by every test,
endurance.. And that one was
r cent -- in their strength tests.
.long-fiber is the standard.
,each one expensive, which add.
Brunswick embodies all these
Becret formulas to prevent any
st. It is simply a question of
nown the world over. The very
ary tire. Xet Brunswicks cost
will prove that a better tire cane
rters: 38 Luckie St..
-en, S. C.
aid only on tLe basis of the actual
Examination of the books, however,
cording to Mlise Mlil, will not solve
he mystery of how Ponzi has made
dis money. With his ready satisfac
lon of all demands for payment,
u estion has turned from his solvency
o "how does ieo (1 it?"
To the statemen-ts of Postmaster
3atton, of New York, that there are
tot enough international postal cou
>ons in the world to build up the for
une which Ponzi claims is his, Miss
blell declared that her chief's man
ier of "cashing in" on his operations
vas a business secret which he in
ended keeping and which examina
lon of his books would not show.
FOR U. S. 1USINESS
4o Says John Skelton Williams, Comp.
troller of Currencya Conditions
Washington, July 30, -- Assertingi
that applications by federal reserve
banks of brakes on credit has had a
'Jarring effect on some nervous sys
tem," John iSkelton Williams, somp
troller of the currency, in a statement
tonight, said general business condi
tions throughout the country afforded
Eibundant reasons for "confidence and
encouragement in the future."
Action of the federal reserve banks
in largely depriving non-essentials
and luxuries from the use of credit
was said -by Mir. Williams to have had
a very beneficial effect. Reports to
the comptroller show a marked teen
dency towards liqluildatlon, Ie said,
adding he believed the credit restric
tions were responsible for such (le
li('nes In prices as have come.
Mr. Williams said there was a prev
alent pessimism which was unwar
ranted in that the banks at present
were in a "particularly well fortified
position." .lie cited flgures from re
ports on the last notional bank call,
June .30, to show that there were ir.
creases .by loans in banks in only two
sections, the eastern and the Cleve
The currency comptroller attacked
New York banks for exacting Inter
est ehargn.s r!'nging .s high as 15 per
cent. New York bakers. be said,
were the only ones In the country
charging such interest rates, which
he believed to be burdensome on busi
ness as well as "without justification
for their excessiveness. These
banks, Mr. AWilliams said, have been
obtaining credit from the federal re
serve banks at less than 6 ,per cent."
"Those inclined to pessimistic views
as to our financial situation," Mr.
-Williams continued, "probably do not
know, or do not appreciate the im
mensely significant fact that our fe&
eral reserve banks have an unused
lending power of $750,000,000 at this
time. If the occasion required, the
board could, .by waiving reeserve re
quirements on deposits and notes on
ly 10 pex' cent, increase the unuxsed
lending power to $2,300,000,000, which1
is -25 times as much as all of the na
tional banks ever borrowed at ont
time on bills payable and r'ediscounti
lpriox' to 1913. in the face of such fig
urxes and facts as thxese the feat' ex.
ip'essed in somne sections that thern
may not be enough money availabbi
to move the crop seems manifestly ab
ALA lAMA MOB
LAYNOHIES TWO NEOROEl
Son of Negro Charged With Assaul
Attacks Whxite' Woman xanud loti
Negroes n Eilled.
Montgoxex'y, Ala., Julxy 30.-Tw
negr'o men,. Sills S'pinks and J. Jer
xnixngs are dead, two woxmen sever'l
w~oundedC~ fr'oxm beatings and a thou
oughliy alarmeud negro populiatloni
(.rimues, a sxmaul rurx xal comnmuxnitIy o
the D~ale-iiouxston county lhne suxmmax
izes the activities of p~osses wno wer
out Th'luxxsday night after' Spinks, whi
late ini the( evenxinxg assaulted NI rs.
h'. D~assenigex', wtife ofi a roxminex
Mi rs. D~assenxgex', alone in hex' hoxx
at thle timei( of the attack, was a
prxoachted fx'omn behind and felled by
hetavy wveapon lin the htands of Sii
Spinks, whxo, it is allegedi, dleclax'ed
thxe wotmani that she would nieverx 1i
to testify axgaist hxis fathuer, Andr(
So;luks, w~ho Is hld lin tile Montgox
cr'y coxunty jail chlarged1 with atteml
ing to eriminally assauxlt hex'. Mi
D~assenger's condition late today w
Sills Spinks was captxux'ed and I
body idd~ledi withx bullets late in I
nighxt by a posse. summonied by I
woxman's husband. Jenniings, in
chax'ged swIth beig impilicated ini
attack on Mrs. 'Dassenger, was ci
tutred by part of the mob searching
Spinks. ie resisted, and seIzed a a
fromn one of his captors, but was s
before lie could bring it into acti
and then killed by other' -buxllets.
In a genex'al round-up of negroes!
the Grimes section negro women w
The one outstandin
about the car is
dence in the tho:
which every detail
Those who have
cars year after y
firsts are its sta
The gasoline Consum
ly low. The tire mi
Enterprise Bank Building
The Williams place near Quaker Church,
91) aes. $630.00 per aere.
296 acres 8 mijles fr'om L~aurens ; new
bu)1i~fldinlgs, known as the Chaney place, at
$75.01) per aere. .
- ~The P'at T1odd ptlace near L' arksdale. 233
Lere at" $75.0iaA0. Good terms.
28 acres neard Sh uilohi Schur chl. Goodi
bu1 iigs; plety of wVood. $1,300. Good
IL 28 acres near Shiilohi (Church. $2,000.
Known as the J . II. Ablereromblie place.
108 acrIesN knowni as the I lenry'3 CooperC
w j~~laice att $60.00) per aerec. .1-2 cash, balance
- 1 to 2 years.
-3631 ai*res, kniown~ as the1 Skinner Smith
: (ee. $50.00O per aere. 1-3 eashl, balanlce
1, 2, and 3 years at 7 per ent interest.
he 48 acres near~ Ware Shoals; new 7-room
ho house ; goodl barn andI out-buildings, at
tic $225.00) per' aere. Knowvn as the J. P
rot' 43 acres ; good house, -pasturec. Neal
[lot (Gray Court. Knowni as tue T. Wv. Canad.3tO
g public thought
has been treated
ear, from the
ption is unusual
leage is unusual
Lauren., S. C.
15 aes in the towni of Gay C~(our't at
$275.00 per aere.
11)1 acres lear' l t. I '1easant C.hiire.h at
$50 .0i per aere. Easy ter-ti's.
Nice new G-roomn house oni Noru1ktha fa
p~er strieet . All mlodern ci onveniencees, at,
a pr'ice of $4,750.00.
78 a res 5 amiles from Laurens oin the
(reetnville road. A beautiful lit tle farmu
at .$2.5(. per acre.
1 82 acres5: 3n miles' from Laur ienas. New
dwein g, good tenant houses; on1 10o)aoIl
road (, at $2010.001 per' acre.
70 acres 8 miles from Laurmmens on Boyd
'Mlill road ; two good houses ; plentIy of
woodl, ait $75.00) per aereC.Trs
182 aereCs 5 1-2 miles from L~aurens on
(' GreenivillIe road. Dandy improvements, at
$265.00 per aere.. .
112 acres, known as the Cilifr Caldwell
, place; good dwelling and out-bumildings, at
$100. 00 ner acre.