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HcADOO CONDEMNS PRACTICE OF USURY FARMERS SHOULD GET MONEY ON COTTON AT 6 PER CENT. Poiu'^11 SiPPrPtilPV , VWilCJpvUUCUVC uviii VV MM j FoAdoo and Warehouse Commissioner McLaurin?Interest. News and Courier. Columbia, Sept. 23.?Secretary of j the Treasury W. G. McAdoo, in a let- j ter to John L. McLaurin, State ware- ! h^iso rnmTniissioner. savs that if the ' banks of the South do their duty the farmers should be able to get money i on their cotton at 6 per cent. The secretary of the treasury condemns the j usury practice. The letters which passed between | the secretary of the treasury and the J warehouse commissioner and one from a big New York bank to the commis-i sioner were made public here today. They will be of much interest just at this time. I The letter of Mr. iMcAdoo and the other correspondence follow?: '"The Secretary of the Treasury, "Washington, September 21, 1915. "Dear Mr. McLaurin: Please accept jmy hearty thanks for the copy of your letter of September 1 to the president, "which I have read with interest, and also for the copy of your speech, which I was glad to receive. I enclose copy of my statement about the $30,000,000 deposit in the federal reserve banks, and copy of the federal reserve board regulation concerning commodity parvor Tf fhn hante /vf t,hp iflftnt-h their . A* ?% duty the farmers of the South should be able to get money at 6 per cent to help them market their crops or carry their crops of staple commodities for a reasonable length of time, until they can be marketed in an orderly manner. "I agree with you fully about the curse of usury in the South. I hope to live long enough to see usurious practices destroyed and to contribute something myself to that end. I be lieve it can be done and that it will be done. The States, however, must do their part Usury ought to be made an offence subject to grand jury investigation to be prosecuted by various State's attorneys. So long as the remedy for usury is placed in the hands Of the borrower, not only he, but the average lawyer, is afraid to raise the issue. The federal reserve system will, by extension of its benefits to the masses of the people, educate them to the necessity for upholding. and preserving this great piece of legislation. 4<I congratulate you on the splendid work you have done for an intelligent warehouse system in the South. Cotton seems to be doing well. With best wishes, I am sincerely yours, (Signed) "W. G. McAdoo. "Hon. Jno. L. McLaurih, State .".V'arehouse Commissioner, Columbia, S. C.' It will be noted Mr. McAdoo refers to Mr. McLaurin s letter of September 1. This letter has never been made public. "Septemoer 23, 1915. "The Hon. W. G. McAdoo, Treasury Department, Washington, D. C.?My Dear Mr. McAdoo: I thank you sincerely for your letter, and can assure you that the farmers of the South appreciate the courageous stand you take ior right and justice. Your statements, with those of President Wilson, have inspired a new patriotism and given fresh hope to'the producers of the country. "Many of our South Carolina banks ciivi n tr 1/vFfll fmnr?rvrt tn vAnr <%+A \S ^ A ? -.**0 ^ WiT W- %? W ^ ^ ?Sfc forts. "I am enclosing an extract from a speech delivered in Atlanta on the 21st, which is creating a storm among some of the bankers in South Carolina, but which is accomplishing just what I expected it to do, in bringing forth protestations of ability and wiliingness to loan money at 6 per cent. "The national banks have a splendid rvnnnrtiinitv through thp reserve system, but our State banks are, generally speaking, at a distadvantage, unless they can get accommodations in the money center. Those who ventured most in 1914 to aid tiieir custimers. and' who are, therefore, most worthy of consideration, as a rule find their 'bill's payable* so extended that they are not in a position to comply with the requirements for entering the federal reserve system. It is not that they are not willing and anxious to do so, but can not until their customers can sell a sufficient amount of cotton to reduce their liabilities, which are treated differently under the federal law. I am undertaking to assist them in securing accommodations in New York to tide them over until such time as they can nationalize. I have not talked to a one of these State bankers yet who has not expressed the intention of entering the federal reserve system as soon as he could. I have found the New York banks very reasonable, and entirely willing to extend accommodations when convinced that they are safe in so doing. There are those in South Carolina, however, who, from selfish interest, have been trying to discredit the State system with the Xew York banks. "I know that you have nothing to do with the State banks, b\t your moral support, generally speaking, is of tremendous value even to them, and as your letter is such a gratifying en- j dorsement of my work, I am using it j for that purpose. j "With kindness personal regards and ; assurances of my profound apprecia-! tion, I am, Sincerely, "John L. IMcLaurin. "P. S.?At the convention which we ! i held in Atlanta Governor Harris an- j nounced that he would call the extra; session of the legislature and recom-j mend the passage of a State warehouse bill along the same lines as the South Carolina law." "Guaranty Trust Company of NewYork. "New York, September 20, 1915. "Mr. John L. McLaurin, State Warehouse Commissioner, Columbia, S. C.? Dear Sir: Referring to your favor of September 15. relative to our loaning | certain State banks, and trust companies in South Carolina against wareI house receipts for cotton stored 'in ; State warehouses. "Wo shall be glad to make these ' " 1- ?in ~ ~ 4^ loans, dui eacn case win uatt lu uc considered separately. There are two ! methods, either of which would bo agreeable to us: "1. The b.ank or trust company may ' draw drafts on us, which we will ac| cept and discount. These drafts are to 1 be secured by State warehouse receipts for cotton and have a margin of 20 per : cent, always to be maintained. We will discount these drafts at from 3 per cent count these drafts at from 3 per cent to 4 per cent, depending on the strength of the institution drawing ~ ? j rt/\tv> same, anu uuaxgt? axi autcpiaiitc wuumission of 1-2 of 1 per cent for each : ninety days. i 2. We will make loans to banks and trust companies, secured by State warehouse receipts for cotton, with a margin of 20 per cent, always to be maintained, at 4 per cent to 6 per cent. "In making agreements to either ac. cept or loan, the amount would also depejid on the size of the institution. "As we are not making a definite price on cotton, we would like to hav?> I you send us a schedule showing tne ; differentials governing the price in South Carolna, as compared with the New York market. I "Yours very truly, "Robert H. Cox, "Assistant Secretary." EXCURSION TO GKEEXTILLE. / Southern Railway Announces Cheap Round Trip Rates September 30. A popular price excursion will be : operated bv the Southern Railway : iroiu ^oiuiuDia ana way stations 10 ; Greenville on Thursday, September 30, on the following schedule and fares: I A.M. Lv. Columbia 7:30 $1.50 Bookman 7:55 1.50 Alston 8:15 1.50 Peak 8:18 1.50 Pcmaria 8:30 1.25 Prosperity 8:46 1.25 Newberry 9:05 1.00 Silverstreet 9:20 1.00 Old Town 9:30 1.00 Chappells 9:42 1.00 Dysons 9:53 1.00 Ninety Six 10.12 1.00 Greenwood 10:35 1.00 Hodges 10:57 75 'Abbeville 9:55 1.00 P. M. !Ar. Greenville 12:35 j Returning, leave Greenville 10 p. m. | same day. Connection at Hodges for I Abbeville by special train arriving ! about 12 midnight. Separate coaches for white and colored people and a comfortable trip is assured. For fur; ther information and tickets apply to ! local agents. S. H. McLean, Dist. Pass. Agt. ' Cotton Brings Good Prices. I i Cotton was selling at 11 cents or i above in the five towns where inquiry 1 was made on the booster tour vesterI day. The towns and their quotations I were: Chapin 11.07 Newberry 11.20 Little Mountain 11.00 Prosperity 11.05 Laurens 11.25 In much of the section traveled ! through more than one-half of the ' crop was already opened, especially where cotton was apparently planted early. From everywhere the report is heard that the crop will fall far be1 low expectations of even a few weeks ago, because of continued drought.? i The State. I Cotton Seed GO cents. Tallapoosa. Ga., Sept. 21.?Tallapoosa j has a strong cotton seed market. Seed selling at 6<"> cents per bushel and in great demand. The highest price paid in the State.?Atlanta Journal. STIR IX THE FAR EAST MAY AFFECT ALL EUROPE Bulgarian Mobilization Chief Feature in >Var News?Teutons and Slavs Both Claim Mains. Bulgaria's activity in mobilizing her | forces has caused a stir net only j among the Balkan states, but in the; European capitals. Whether Bulgaria is to join either of the belligerents or j intends to maintain an armed neutrality is not definitely known. The Bui-. ganan premier, nowever, rectm y ioia ^ the government members of parlia- i ment that the war danger in the Bal- i kans had decre- sed, but that the Bui- i garian government had been obliged to 1 resort to armeo neutrality. The pre-' ! mier also ?s quoted as having told his, supporters that Roumania and Greece j would remain neutral and that he did ! not believe that a treaty among Roumania, Greece and Servia against Bui- j garia exists. Bulgarian reservists are hastening to the colors, one of the reserve offi-j cers being authority for the statement; that the general mobilization includesj 250,000 infantry. Bulgaria's field army j ' of all ranks numbers between 300,000 and 350,000 men. ; Berlin semi-official reports state that there are no indications that Bulgaria's action will lead to a general outbreak i i in the Balkans and that no news had. , been received in the German capital of a mobilization by either Greece or Roumania. I Nevertheless King Constantine has' . i been in conference with Premier Veni- i zelos and the general staff of the' Greek army, and the cabinet has had ' I the situation under consideration. Bu-! | charest is silent with respect to the ! attitude of Roumania, which owing to the geographical position of that coun-1 j try, will probably be quiescent until j Bulgaria's final decision is taken. I One of the features of the war is i to be found in a raid by a squadron ol i French, aeroplanes, which, inretalia-j , tion for attacks by the Germans with ! aircraft on open towns of France and | England, has flown from the frontier ' to Stuttgart, capital of the kingdom of j Wurttemburg, a distance of more than 1 1100 miles, and dropped shells in the j neighborhood of the royal palace and j the station. The damage done is not j recorded. ; Heavy artillery actions continue all | along the line from Belgium to the j iVosges mountains. On the Eastern front in the region ! of Dvinsk the Russians again have | assumed the offensive and a battle is j : in progress. To the southeast of; ! Dvinsk the Germans have captured | i Russian positions, according to their! ! report, over a front of two miles. Un-! j official reports indicate that the Rus- | ! sion forces which evacuated Voluna : | have been withdrawn from the danger i zone. The efforts of the Austro-Ger-1 mane hr\wancr tn thp rptrpflt- i I JLXJLCA, UU) n V " V ? V* J IrV V ^ v* v/vv ; ; ing armies still are in progress. In Volhynia, in the region of the j triangle of Russian fortresses and in i bayonet attacks along the Ikwa river j | the Russians have been victorious over i the Austrians, capturing several <vil-. i lages with a large number of men. From the Machva frontier of north-: west Servia almost to the iron gates ! of the Danube the Austrians and Ger- j ' mans are heavily bombarding Servia positions. The state department at Washington has hppn nntifip/1 hv T)r flnnstari-i tin Dumba, the Austro-Hungarian ara' bassador. that he has been recalled on leave by his government. Dr. Dumba: has asked for safe conduct to Vienna, : but the American government will await formal notification from the Austro-Hungarian foreign office before acting on this request. Special Meeting of the Stockholders of the Columbia, Newberry and Laurens Railroad Company for the Purpose of Applying- to the Secretary of State for an Amendment to the Charter of the Company. Notice is hereby given that a special meeting of the stockholders of the Columbia, Newberry and Laurens Railroad company will be held at the office of the company, 1124 Taylor street, r./Vhi.-mhin S C on Tnesdav. the 19th day of October, 191', at 12:30 o'clock p. m., for the purpose of authorizing an application to be made to the Secretary of State of the State of South Carolina, under Sections 2S82 and 2883 of Volume 1 of the Code of, ! Laws of South Carolina of 1912, and other provisions of the law of South J Carolina, for an amendment to the charter of the corporation extending ' it perpetually, with all of the rights, powers and privileges now enjoyed and i subject to all of the liabilities. J. F. LIVINGSTON, (Corporate ) President. ( Seal ) -C. P. SEABROOK, Secretary. Senor K.'arranza will do well to re- I member that a goat also wears whis- 1 kers.?Detroit Free Press. } Is Composed of 112 M 'mhei The largest organized Bible class, con6 in the Oakland mill village?a village oi Every man living in the village, with the dent of the class ie lMr. T. J. Digby, superi teacher is Miss Eliza McCullough. The class meets Sunday mornings at S: STATE OF SOUTH CAROLINA? ? COUNTY OF NEWBERRY?COURT OF COMMON PLEAS. E. B. tiiease, against ! ? i Thomas Ligon Dobbins and Imogene , S. Dobbins. i By order of the court herein, I will! sell to the highest bidder before the 1 court house at Newberry, within the legal hours of sale, on saleday in Oc-: of Geo. A. lEpting, and by Bush river tober, 1915, all that piece, parcel and , plantation of land lying and being sit- j uate in Newberry county, State of j South Carolina, containing eighty-five! i (85) acres, more or less, and being i bounded now, or formerly, by lands j of J. M. Epting, lands of E. P. Matthews, or Mrs. E. P. Matthews, lands j ?the same being the lands formerly owned by James X. Dobbins and devised by him to Mary C. Dobbins, William S.. Dobbins and Thomas Ligon Dobbins, the interest of the said Mary 1 C. Dobbins and William S. Dobbins having been conveyed to the said 1 Thcmas Ligon Dobbins. - . J < Terms 01 saie: ine purcaa&ex- mu be required to pay all of his bid in cash, and immediateliy upon the acceptance of the purchaser's bid he J shall pay to the master $100 and upon his failure to do so the master will then and there resell the premises at said purchaser's < risk, and if the said purchased fails to comply with the terms of sale herein the master will resell the said premises on the following salesday at the risk of . the 'former purchaser. Purchaser to pay , * for papers and stamps. H. H. RIKARD, Master. 1 Sept. 9, 1915. COUXTY OF NEWBERRY?.COURT OF COMMON PLEAS. L W. C. Blalock, ! against . j Edward SatterwhUe. j _ By order of the court herein, I will j sell to the higest bidder, before the court house at Newberry, within the J legal hours of sale, on salesday in j Xot October, 1915, all that lot of land sit- , dersig uate, lying and being in the county Rober and State aforesaid, containing one- , gnaj half (1-2) acre, more or less, and j , I IWa nr bounded by lots of George Pressley, R. IE. Williams and G. C. Williams, ^ the same being that lot conveyed to Satur Edward Satterwhite by the said L. W diatel Blalock on the 6th day of April, 1895, Charg by his deed of conveyance. sons j SKATE OF SOUTH CAROLINA? tate v Terms of sale: All of the purchase or be: price to be paid in cash and the purchaser to pay for papers and stamps; gep L1 ? J-* Ahr lirvAn tho A r? 1 lilt? pUICIictOCl uyv/u tuv J premises being sold to him shall de- _ posit with the Master the sum of one gr hundred dollars as an evidence of his good faith, and in the event of his Nnc failure so to do, the Master will with- (jersic out further notice immediately resell ^ ^ the premises at the risk of the said decea punc-haser berry Sept. 9, 1915. on M< H. H. RIKARD, Master. o'cloc _________________________________ media of pr< Whenever You Need a General Tonls Take Grove's j 1 The Old Standard Grove's Tasteless t0 the chill Tonic is equally valuable as a settle] General Tonic because it contains the J pe wp11 tnown tonic croDerties of QUININE ! ar,J IRON. It acts on the Liver, Drives 1 saiu t nut Malaria, Enriches the Blood and f attest Guilds up the Whole System. 50 cents. 1 I 9 RUB-MY-TISM Will cure Rheumatism, Neu- a n ralgia, Headaches, Cramps, Colic j into t: Sprains, Bruises, Cuts, Burns; Old Britisi Sores, Tetter, Ring-Worm,- Ec- of ail zema, etc. Antiseptic Anodyne, "Whai used internally or externally. 25c j comes I I rs, But Only About Half of Theii Are idering the size of the town, is the r about three hundred and fifty peoj exception of about half a dozen, is a n ntendent of Oakland Mill, and the : 45 in the large hall oy%t T. M. Sandert Do Not St Your C With the facilitie through the Federal tem, we are now pr every farmer in Ne\ enough money to pr fice of his 1915 Cot the price of cotton conl cost of production, we f< intelligent farmer will a his crop on the market, view we have prepared ( you. [f you wish to avail youi vices, confer with some < Dur bank at your conven rrc ir . I n I lne national Bank Newberry, MEMBER OF FEDERAL R BKmrnBcaamasmmmmmmmmmaaMMmnmana ammmmmmmmammemtamaammmmmmmamm GEOJ ICE OF FINAL SETTLEMENT. ice is hereby given tnat the un;ned as executor of the estate of j Beat" *t Hall, deceased, will make a settlement as such executor in The ! obate court for Newberrv county, ^^ at 11 o'clock in the forenoon on ??ate day, October 16, 1915, and imme- game y thereafter . apply for a dis- '6 t< e are such executor. All per- m i p fi T* aolding demands against said essrill present them duly attested on Srst fore that date. ROBERT HALL, "PP1 hae ] t. 20, 1915. Executor. peat If Ti Geor; rTPr nF FFViT SFTT-HHTRVT. I TV, W i n ? >tice is hereby given that the un- ^ * e Gam jned will make final settlement Q-j^e j estate of George A. Langford, Cony sed, in the probate court for New- McCc county, State of South Carolina, Tate Dnday, September 27, 1915, at 11 Dorsi k in the forenoon, and will im- Dezz< .tely thereafter apply to the judge Powe Dbate of Newberry county for a Nevil discharge. All persons indebted Sui said estate will make immediate Then ment witi'n the undersigned, and Brow rsons holding claims against the vers; state will present the same duly for T; ed. Wm. Smith Langford.. burn Executor. burn Powe "4t Toi '* Thra: ew calendar to divide the year Dors< birteen months is advocated by touch 1 and American bishops. First let us sing together the ditty. At : yo' goin? to do when de rent seaso ; 'roun*?'*?Detroit Journal. "Batt w? 5^.5$r?*- fc^sSJBw vflr j '^J ' jn the pietnre. "Knights of Honor Bible Class" )le in the suburbs of Newberry. lember of the class. The preei- . secretary is Mr. Jones. The >' store at Oakland. .7. j i rvirira % V& JL JL AW otton s offered us 7 Reserve Sysepared to loan 1 ybeiry County fl event a sacri ton Crop. If tinues below the eel sure that no voluntarily throw With this idea in )urselves to help rself of our ser>f the officers of ience. nf Maiirkcmr Ui i^VVUUlJ s. c. I ESERVE SYSTEM ^ KGIA VARSITY 1 BURIES NEWBERRY ? Plucky Lutherans by a Score of 76 to 0. State. lens, Ga., Sept. 25.?Georgia ded Newberry here today in the first s of the season by the score of ) 0. Newberry spent little time x>rgia's territory and did not gain st down during the gamtf. The touchdown was scored by Georgia ur minutes. Powell was the star, ng holes in the lighter Newberry for gains of 20 yards at a clip re'dly. e line-up: gia 76 Position Newberry 0 ipsor. L.E Renkin v ;ate L.T Cubberly lony L.G Smith lliy C Crotwell ers R.G Wessinger nnell R.T Groover R FJ Rnrin<* ey Q Taylor sndorff L.H Gottschalk 11 R.H Nichols le F.B Dennis jstitutions?1Georgia: Floyd for ipson; Thrash for Wingate; n for Garmony; Hall for ConColbreath for McConnell; Fox ate; Davis for Dezzendorff:Marshfor Davis; Hutchinson forlMarsh; Coleman for Dorsey; Knox for 11. T> 1 f Vnvillfl l-, rifcisitrj* iui c v mi.. jchdowns, Powell 3. Knox 2, sh, McConnell, Dezzendorff 2, ?y, Fox. Holzendorff. Goals from down, Powell 2. Dorsey. Davis. the first hint of the buckwheat n the same old cry is heard of er up!'?Washington Post. SSaSite*<