Newspaper Page Text
ht $ i? ?outbron,
lUNtSOAY NOVeNiER 3, 1909.
?e at Sumtcr, 8.
i , ?*. ? < . < ? Matter.
Ohas. If- HteJff?The Jury's,Verdict.
W. A. Thompson?The Kind of
Mr. Hugh A. Phelpa, of Washing?
ton, N. C. la In town for a week's stay
with friends and relatives.
ajeaara. Isaac Appelt, George Wil?
liams and Jake I semen, of Manning,
Wore in the city Friday.
Dr. I* H. Jennings, of Blshopvllle,
spent Friday In the city with his
brother. L, D. Jennings. Esq.
Mr. R Dosier Lee wont to Columbia
?r. E E. Rembert. of Remberg was
Wesses C. J. Oalllard and L. R
Williamson, of Providence, were In
the cHy Friday.
?her?ff Robert Muldrow, of Bishop
Vttle. waa In town Friday.
Mr. Thomas M. Bradley, of Spring
Hin, was m the c!ty Fr?ay.
Mr. Alex Brunsen, of Manning, Is
Mr. P. B. Lawrence, of Plnewood,
Is tn the slty. ,
Mr. a C, Klbler, of Blshopvllle, is
Mr. H. Ward, of Blshopvllle. Is on a
brief visit to Humter.
Mr. T. E. MoCutchsn. of Bishop
Tills, waa In Sumter Friday.
? las 8s idee Poston, of Statesville.
N. C. Is the guest of Mr. snd Mrs. A.
Miss Madge Culbert. of New York
city la visiting her uncle, Dr. Walter
Cbl. J. A. Rhame and Mr. W. J. Mc
Leod, of Lynchburg were In town Fri?
Mr. s. D. Hurst, of Plsgah, spent
Friday In town.
Miss Cella Well, of Savannah, Is
visiting her sister, Mrs. Abe Rytten
berg on Washington St.
Mr. Robert Cooper, Jr.. of Wisacky,
was In the city Saturday.
Mr. W. J. Ardls. of the Dark Cor?
ner. Is la the city attending court.
Mr. Eliie Law, or Billots, whs in
th?r otty Monday.
' Mr. J. I! Wsbsu ir, ul Fl
c>*me over in his automobile Sunday
to spend the day.
Mr. Wesley Bradford went to Co?
CJeo. D. Levy, Esq.. is attending
court at Monck's Corner, this week.
Hummerton, Oct. S8.?Miss Margar
ette Plowden, daughter of Mr. and
Mrs. M. H. Plowden was married yes?
terday afternoon at 6:30 o'clock to
Dr. L. Keith Howie, at Mtllwod. her
country home, near Manning. The
bride la a very attractive and accom?
plished young lady, whose friends are
numerous. The groom Is a very prom?
ising young dentist, located at Sum
merton. who has hosts of admirers.
Many unique and beautiful gifts tes?
tified to the esteem of the friends of
the couple. Dr. and Mrs. Howie left
on the afternoon train for a few days'
visit to friends In Charleston.
Died in Fernandina. Fla., after a
short lllne**. I.uu.ru Dotterer. wife of
J. Rembert Hill and daughter of the
late Thomas D. Dotterer.
The relatives and friends are invit?
ed to stund commltal services, at
Magnolia Cemetery, as half-past four,
thla (Monday) afternoon.?News and
Courier, Nov. 1.
Incurs im v Men Meet.
A district meeting of the Metropli
tsn Lire Insursnce Co.'s agency force
of the Sumter district, which is under
th?* management of D. T. Meade, was
hekl In th? cmopany's office Satur?
day. The meetlnj): of the agency
f res was addressed by Mr. A. 11.
Wiight. ordln iry supervisor, of New
York. The meeting was attend?
ed by Mr. WM Lucl;, superintendent
st Columbia. Mr. M. O. Gregory, gen
?rsl assistant superintendent, Mr. S.
M. Mabus, W. H. Brown, Camden,
Mr. Phillip Kraus*. Orangeburg and
. several agents from out lying points,
and from the Sumter district proper.
I Local Cotton Market.
'From The Dally Item, November 2.
Cotton prices advanced again to
, day and the 15 cents mark was reach?
ed and passed on the local market.
Vfhe better grades of cotton sold free
,/ly for 16 cents. The New York cot?
ton exchsnge wss closed today on ac?
count of the election In New York
m city, but Liverpool was exceedingly
M|ct,ve' w,tn the Dul1 element appar
Ar i. In full control of the situation.
andV the closing quotations were the
hlgheVt of the day.
Interesting Feature? of the
By At wood Violett.
(Written for the Manufacturers' Re?
1 have had for some time rather de?
cided views upon one feature of the
cotton market, and I now beg to give
expression to them.
In former year*, when differences
were even wider than now between
the New York and Liverpool markets,
it was a safe proposition, with lower
grades permitted to be tendered on
contract in New York than in Liver?
pool, to sell here and buy simultan?
eously in the foreign market, and
transactions of this kind brought large
profits to those making a specialty of
this business, and a number of firms
in each market did this each season,
to an extreme extent in the aggregate.
The present differences of, say, 40
points between May-June Liverpool
and May at New York, and even with
wider differences lately ruling on
tht .u options, have induced transac?
tions of this kind of such volume as
perhaps never before.
One thing, however, has been over?
looked, and that Is the character of
the long Interest now and what it has
been in former years. Contracts
bought at four or five cents lower than
present prices are still being held In
the New York and New Orleans mar?
ket, and In great quantity. This le ex?
clusive of those bought at the same
time and at a later period, profits on
which have already been taken to a
very considerable extent, and thus
rellslng their profits, exclusive of
those profits unrealised because of the
contracts still unliquidated. Their po?
sition, therefore, has been made to a
large extent Impregnable, in view of
the demand for American cotton
throughout the world, and that de?
mand in the Southern States is now
and has been for some time the sus?
taining power of the contract market.
Tn other words the advance In the
market has been brought about not so
much through speculative buying of
futures, is due greatly to a general
demand all over the world for cotton
of American growth.
The danger, therefore, to those
short in this market is that their sales
have been made to a concentrated and
unusually strong long Interest here,
who have probably made, and may
further make, hedge sales in Liver?
pool, and thereby dominate the course
of both markets to such an extent as
to make it a serious matter for those
who have the opposite side of the
ntreddle*. An a matter of fact, it
ajvei the leading operator* on the K)
side hen* un opportunity to multli
th? ir holdings, with little or no ad*
This long Interest will probably
bring /h* corresponding options in the
two markets nearer together, not be?
cause of a desire to do this, but mere?
ly because those who sell in this mar?
ket will find it a hard propostlon to
get the cotton to liquidate the greater
part of their short interest, whereas
those who sell in the Liverpool mar?
ket from this side will be demanding
delivery in their long contracts in the
New York and New Orleans market,
and thus be able to deliver the cotton
against their short contracts in the
Liverpool market, and in the mean?
time the postlon of the foreigner
would be made worse should the dif?
ferences narrow instead of widen.
The short interest, whether it is
here or in Liverpool, or New Orleans,
is reckoning as of old up*on liquida?
tion by those l01*g * t contracts as their
contracts mature, because of notices
tendered by the seller, but it rather
looks as though the buyer of Octo?
ber and December contracts in this
market will demand delivery of the
cotton, ard these conditions may pre?
vail right straight through the season,
particularly if to some extent they
have hedged their purchases by sales
i?? Liverpool. There hedging sales
there against purchases here would
not be against tk* total long Interest
of the principal and strongest bulls on
this side, but only to such extent to
protect tie bulls against such pur?
chases as they lately felt they had to
make In order to sustain the market
or to prevent raids such as have re?
cently been attempted several times,
but unsuccessfully, except temporari?
I merely present these possibilities,
and to a great extent probabilities, for
the consideration of those who are
fearing, and to some extent have been
preaching-, a wide-open break In con?
tracts in all markets, but particularly
In the local market.
There are conditions that have de?
veloped in recent months that have
never been presented beefore, and
mainly bocius*- there has never been
before ti e samt? strength Of holders of
long contracts as now exists, nor has
the cotton trad*' ever known the same
condition* as to the demand and sup?
ply of American cotton, the require?
ments of the former, according to
spindle capacity, being the largest on
record, and the latter relatively the
smallest on record since the American
Another v?ry bullish feature in the
market will soon develop In the hold?
ing power of the South, where pro?
ducers, having sold enough to sails
DBFBAT VOll A POSTAL HANK.
Concluslona of Canvas*) of Congress
Announced by Chicago Magazine
Points Nimm I for Organized Cam?
Chicago, Oct. 31.?Enactment of a
postal savings bank bill at the next
session of congress will fall unless its
irlends combine their efforts, unite In
an organized campaign and present
as compact a front as the opposing
hanking interests, declares "Everyday
Life" editorially as a conclusion
reached by a canvass of votes in con?
gress. The urgent advocacy by Presi?
dent Roosevelt and by President Taft
will be for naught unless the friends
of the measure rally In force under
one banner. Continuing the address
to the public it declares:
"For a time it looked as if it might
be possible to win the fight with your
silent, moral support. But the Amer?
ican Bankers' Association is bending
every energy to defeat the people's
demands for a postal savings system,
and unless you get busy and come in?
to the game in a personal way it
seems likely that this powerful organ
iration will be able to strangle the
bill in congress.
"Here is the situation: There is
small reason to doubt that a majority
of members of congress, in both
houses, are In favor of the bill, as a
matter of personal belief and senti?
ment, but the hostile Influence of the
bankers Is so strong that if a vote
were taken today the vote would show
against the bill, not for it.
"One able representative put the
situation in this light: 'There are a
great many bankers in this country;
they are respectable; they are digni?
fied; they are plausible; they are pow?
erful, ant't they are organized! When
ttiey speak with one voice they make
a very convincing sound, that pene?
trates even to the dullest ears in
Washington. On the other hand, the
people who want a postal savings
system are right?but they are unor?
ganized! If they would make their
voices heard in congress, if they would
get together and make a noise at the
same time they would get the sup?
port of a good majority in congress
and get the legislation they want. In
other words, there is enough friendly
sentiment in congress to pass the pos?
tal savings measure provided the peo?
ple will give them the tangible evi?
dences of their strong moral backing.'
"If a half a million letters from in?
dividual citizens asking for votes for
this bill were to be sent to members
of congress before the close of the
ext session the measure. Would be
>me a law, hands down! *
"In other words, the members of
nuress ar?- in the post ion In this
matter of demure maidens who nave
been 'asked' by one suitor, but are
waiting for a formal proposal by the
one they really favor; they cannot
consent before they ars asked, with?
out loss of Influence and self-respect.
"This puts the matter up to you.
There is just one way to get a half
million letters into the hands of the
congressmen. We must extend the
membership of the Postal Savings
Bank League into every city and town
and community of this country. Will,
^?ou do yourself the distinction of be?
coming the first member of the league
in your community?
"In his recent speeches President
Taft has made it plain that he is for
a postal savings system?for it good
and hard! And we believe that con?
gress Is with him?only we must give
the members such a body of letters,
such a tidal wave of public opinion
In black-and-white that the most tim?
id will not hesitate to vote for the
One applicant for membership in
the Postal Savings Bank League, the
manager of a big coal compny in
Montana, writes "I believe that that
class of people now having the sav?
ings hank Idea (private savings bank)
Will not be Induced to change their
deposits from a private to a govern?
ment postal bank bank, paying a les?
ser rate of interest.
"1 know of numbers of people that
will not deposit in banks of any kind.
Some of these very people pay to de?
posit their savings with the govern?
ment at this time, doing this in the
way of buying money orders, which
they carry with them until such time
as they have actual need of money. I
have no doubt that this class of peo?
ple would become postal savings bank
depositors, and when duly educated
to receiving interst money, would In
due time, many of them become de?
positors In private savings banks.
"Thrift makes a nation. Thrift is
eduoed by economy. Economy is in
duced by saving. Get them all sav?
Mr. Robert Sprott, of Fort Mil,
?pent Saturday pleasantly In the city. 0
fy Immediate needs, desire to partici?
pate in the higher prices that are be?
ing predicted, and justifiably so, and
thus n very gradual marke,trig of the
crop may follow after the current
month, and what a small movement
out of a very small crop will mean it
would be well worth while to bear In
New York, October 23.
COL. AULL PROTESTS.
Object! to Introduction of a Private
Business Transaction of His Into the
The following appeared in the re?
port of the Columbia State, of yester?
day, of the dispensary investigation:
"Leaving this line of inquiry, Col.
Felder rapidly passed to enother. This
was with reference to some notes in
the Palmetto National Bank. He ex?
hibited Atters from Mr. Matthews to
Jim Farnum, complaining that certain
papers or marque and exchange, had
not been attended to upon their ma?
turity. Col. Felder replied in his opera
bouffe manner, when injecting irony
into the inquiry, 'When this investiga?
tion started under the direction of the
present commission, great indignation
was expressed by Mr. Koester, the ed?
itor of the Record, the official organ
for the "plunderbund." At that time
w? could not fully understand why he
should have been so rrvueh vexed, but
from a letter we And here we are per?
suaded that perhaps you can assist us,
Mr. Matthews, to get the facts. In
December, 1908, you wrote Jan. S.
Farnum, of Charleston, 'Aull's note
unpaid. Koester has not attended to
this matter.' Aad again on Decem?
ber 19. 'I have seen Koester about
note.' 'Now, Mr. Matthews, how much
did you lend Koester on Jim Far
num's endorsement?' Mr. Matthews
replied that he had no idea. He kept
no mental record of all of the trans?
actions of the bank, but he thought
that Koester had once sold stock in
the Record to Farnum, and had given
the note to take up the stock.
"As to the E. H. Aull transaction he
had very little recollection. The re?
cords showed that this note was en?
dorsed by Hub Evans and Koester.
Col. Felder paid his compliments to
Aull In a most beautiful manner."
I am trying to persuade myself that
this was written without malice and
without the purpose of reflecting or
carrying insinuations. I would make
no statement in regard to it, but the
fact that one's name is mentioned in
connection with this investigation car?
ries with it, to the minds of some peo?
ple, evidence that he was in some way,
improperly, connected with the dis?
Unfortunately for me, I have been
a borrower for many years. In the
course of business I made a note at
the Palmetto Bank. I suppose in
1902, which was endorsed by Mr. Far?
num and Mr. Evans. The bank dis?
counted the note and I got the money.
T do not recall the circumstances of
the exact amount. It wa^ probably
not paid promptly when It became
due; which account! for Mr. Mat?
thews* writing to Mr. Farnum. J did
pay it, however, shortly afterwards,
and supposed the matter ended. It
was simply a private business trans?
action. I was not an officer of the
State, neither had I any connection
with the dispensary, nor was I in any
way interested in the sale of whiskey.
The statement that the note "was en?
dorsed by Hub Evans and Koeeter"
is not true. I never mentioned en?
dorsement of a note to Mr. Koester
in my life, and do not supposed that he
went to the bank and volunteered to
endorse my note.
What connection a private transac?
tion of this kind has with the investi?
gation being made by the commission,
I am unable to understand.
I know that the legislature gave the
commission almost unlimited power,
hut I felt that their sense of justice
and fairness would have suggeted to
them the injustice of bringing into
their investigation, or permitting Mr.
Felder to do so, purely private trans?
It certainly has not come to pass in
South Carolina that this commission
is empowered to go into the private
affairs of the citizens, that have long
?unce'been settled, or that endorse?
ment of a note carries with it any
wrong, and if it dees give them that
power, it seem? to me that in the ex?
ercise of their discretion they would
not permit Mr. Felder to bring up
matters of this kind.
In the course of business I have had
a great many transactions with banks,
and as stated above, have borrowed
I money and have been able to find
I friends who were wilting to ennVn<??
f >r me 1 up to thus time I hwe
been a o t.ike care Of the paper
I suppose the statement that "Col.
Felder paid his compliments to Aull
j In a most beautiful manner," is in?
tended to carry reflection of some
sort, though why Mr. Felder would
;ing for compromises. i
? deal absolutely honestly
>nly baking powder
il Gr a pe Cream of Tartar
ide from Grapes?
i Finest, Purest Food
sol utely Pure
desire to pay compliments of any
to me, favorable or unfavorable, 1
not know. I have had no co
cation with him whatever, and
not know him if I were to m.;ti htm.
I feel that the commission ought
to bring in the names of citizen*
tnls State in regard to purely pe
and private affairs, and that an inj
tice has been done me by 30 dc
Hence I make thi? statement in r
pi the matter. E. H. AUL.U.
Newberry, S. C, Oct. 2?, 1909.
One of the largest crowds of
season was in town Friday to atte y%
the Buffalo Bill Wild West Show. K??
ery train arriving during the forenoons
was crowded to the limit of their omr
paclty, although all carried extra
coaches, but the crowd that came by
rail wns- not a circumstance to the
multitude that came by private con?
veyance and on foot from all sections)
of Sumter and adjoining counties. It
was a regular circus crowd and a rec?
ord-breaking circus crowd at that.
The usual circus parade was mi seed,
as many who are in the habit of conx
! ing to town on circus day never enter
the tent but content themselves wltk
the street parade. The show was well
patronized, nevertheless, the crowd tn>
the enclosure being estimated at fully
1?-,00?j trat afternoon. The show wan
w ?;'? ?A'?rth seeing. Ther? J3 only one
Buffalo Bill and only Wild W#??t Sbo^sr
I nr.<\ this is probably the lust opportu?
nity Sun .-r v?ill h.v.e 10 c-.-e the real
1} Wonderful perfoi mance.
Send us j ? jou woffib
FOR SALE?The McLeod place, lit
1-2 acres, fine Wateree K\\
swamp, cotton and grain land, n?
R. R. depot. J. R. Sumter, 81
ter. S. C. 10-12-tL.
Your Suit is Here
Bring or Send Your Boy-^Sf^.0*
$2.50, $3, $3.50, $4, $5, $6 and $7.
In Worsteds, Serges and Cassimeres
Sumter Clothing Co.