SOMETHING WRONG
IN CURRENCY SYSTEM
Country Has Enough Money II? Ad- j
Mits, but It Is Not Ifimdled U
the Very liest of Advantage.
Philadelphia, Dec. 9.?George K.
Roberts, director of tho mint, last
night addressed tho American Acade
my of Political and Social Science,!
novf In session in this city on the need
for currency reforms. Mr. Roberts
.?aid in part:
"The most encouraging feature of j
this campaign for a more scientific
currency system, is the fact that it is
now generally admitted that some-;
thing is seriously wrong :n tho pres
ent system, it has always seemed to a
great many people that if all our mon
ey was 'good,' and the supply increas
ing from year to year in what appear
ed to be an adequate amount, nothing
mere was required. Nobody can say ]
that a monetary slock of $35 per capi
to Is not on general principles large]
enough, or that an increase from $23
to $35 In ten years is not enough. Thatj
Is not the point of the controversy.
Tao contention Is for an elastic ele- ]
Brennt in the currency, and elasticity
menus contration as woll aa expan-'
alan. There must ho contraction after
expansion, in order to regain tho pow
er to expand again.
"Then again, it has been a common
view that It Is tho exclusive function
of the government to furnish tho
moiiey of a country, and that the bank
should hove nothing to do with the
supply; they should simply receive
wocney on deposit and loan it or pay It
out on demand,
"This sounds plausible, for undoubt
edly It is the function of the govern
ment to define What shall ho legal ten
der, and to supervise and safeguard
the currency supply, but neither the!
government nor any other body can
determine in advance how much mon
ey will be required from timo to timo.J
Ne authority can determine how much
money the people of this country will
want to use or to handle In the year!
1911. Nobody can tell within hundreds
of millions of dollars what the vol-j
uaio of business will be next, year, or;
what proportion of that business will
bo handled by means of private instru
ments of exchange or what portion]
will require cash; nor can any one
tell how much of the $16,000,000,000
of bank deposits may be called for in
cash at any time. All of these de
aiands are uncertain and fluctuating,
and they are directed not to tho gov
ernment, not the offices of the treas
ury, but to the banks. It Is tho pro
vince of the government to supervise
the supply, but the demand actually
mast be afforded through the banks.
"The fact is that the great bulk of
tho payments In a country like the
United States are not made In money.
Money has become the small change
of the business world. The drafts and
checks that represent the payments of
commerce moot in the Clearing House
and practically offset and cancel them
selves. Nine-tenths of the so called
bank 'deposits' are not made in mon
ey, but are simply credits that arise
In the exchanges. They are payable In
money and on demand, hut if the
banks are called upon to liquidate an
undue proportion of them at any time,
It simply can not be done. We fall
into just such a deadlock as we had
In 1907.
"Tho South for example, at this sea
sen of the year, by the sale of Its cot
ton crop is creating heavy "credits', or
'deposits' In New York or other cities.
In tho usual order of events these will
be drawn upon to pay for the Smith's
purchases outside, and the entire ex
ohnnge will be effected by the band
ling of comparatively little money. If
the South should attempt to withdraw
all or thosO 'deposits,' In cash, it
would disturb the financial equilibrium
? r tho whole world.
"So when a man says ho does not i
believe in an elastic currency, or thai
if all our money is ns good as gold
nothing more is required, or thai the
banks should have nothing to do with
issuing currency, ho overlooks tbc
fact that the business of U;;- country
Is not done with gold, or with any
kind of money but by means of bank
credit; ami when this credit, receives
a Shock there is no way to prevent
widespread disaster except, by sup
porting it or substituting some higher
form of credit." Journal.
DAVIS' GRANDDAUGHTER WEDS.
Miss Lucy White Hajes Married In
Colorado.
Colorado Springs, Col., Dee. 9.?
Miss Lucy Whlto Hayes, granddaugh
ter of Jefferson Davis, president of
the Confederacy, who, following her
mother's death two years ago, be.
onme president of the Daughters or
tho Confederacy, was married last
alght in St. Stephen Episcopal church
to (Jeorge Mowyer Young of I lacor
ville. Col.
Mr. Young is tho son of tho lato
Harvey Young, an artist, who died
in this City about nine years ago. Rev.
A. h. Taft, rector of St. Stephen's
church, officiated,
Several hundred relatives and
friends attended,
MR. 4. B. BENJAMIN DK AD,
Well Known Citizen of Quarry Who
Was Well Known In This County
Mr J. B Benjamin died at his home
at Quarry, S. C. five miles from this
city, on last Saturday night. Mr.
Benjamin suffered from a paralytic
stroke over a vear ago. but seemed to
have recovered from it. and was able
to attend to his business. Ho was in
town only a day or two previous, and
called at the Journal office where he
was ulways a most acceptable visitor.
Mr. Benjamin's last Illness was very
brief. In ten minutes after having
been taksn tho ?nd came.
lie was born in Laurons county
sixty nine years ago last March, June
1878, ho was married to Miss ?eil
Major, sister of the late J. M. Major
and of Mr. S. G. Major, and Mrs. T.
J. Clyde. Ho leaves besides his wife
eight children, S. M. Benjamin, Pope,
Jones, and Wlntteld, and Mrs. Edith
Hill, Mrs. Bosa Snyder. Mrs. J. It.
Mlxon of Augusta, and Misses Hattic
and Palsy Benjamin.
Mr. Benjamin was a deacon In the
First Baptist church of this city. Ho
becamo a member When the church
wan quite small, and saw it grow, as
the years camo and went, until It be
came one among the strongest church
es In tho State, Ho was not a nominal
momber. but one who was faithful in
overy particular.
Tho writer has k'<own Mr. Benja
min for thirty one years, and ho has
uorer known a true or better man. He
was always on the side of rightf tak
ing no uncertain stand when matters
of priuelples were involved. Nor was
he afraid to let it be known where
be stood. It was not necessary to
raise the question as to hi;; attitude
when questions of right and wrong
were up.
The funeral was conducted at his
home Sunday afternoon by bis pastor
the Itev. (!. N. Cowan, after which his
remains were interred in the cemetery
at the Hocks church near bis resi
dence.
Mr. Benjamin saw service in the
war between the States, and while
we have no information as to his
record wo are sure that it was in
every respect a most honorable one.
In his death his church and the
caupo of Christ has lost a strong
supportor, his country a fine citizen
and his family a most devoted hus
band and father. Men of his char
acter and worth are not found overy
day. He was the typo of citizen that
our country so sadly needs.?Green
wood Journal.
FERGUSON GETS BAIL.
AbbcHllc Mnn Who Killed His Father.
Story of the Killing.
Columbia, Dec. 9.?J. M. Nlckles of
Abbeville appeared before Associate
JiiBticc Eugene B. Gary, in the su
preme count room yesterday evening
in a habeas corpus proceeding for
bail for J. 11. Ferguson, who shot and
killed his father in Abbeville county
one day last week.
Tho testimony at the inquest show
ed that the father, J. 1'. Ferguson,
had gone to the home of bis son, .1.
II. Ferguson, to arrange a settlement
In regard to some land tin* son bad
sold tho father. In endeavoring to
arrange a settlement the father be
came enraged and attacked bis son
with a knire, cutting his clothing in
several places.
Tho son retreated and in backing
from his father, passed the mantel
piece and picking up his pistol, pre
sented it at his father, lie claims, to
intimidate him. The father (dosed
in on his son. cutting at him witli
bis knifo and In a SCUdlo the pistol
went. off. killine, (he older Mr. Fer
guson almost instantly. An open knife
was found by the side of the deceased.
The testimony showed that the son
did all he could do to avoid a difficulty
i sind that tiie father was the aggros,
sor.
The wife and children bf lh(> d ad
man jollied in a petition to the court.
; asking that tho petitioner be admitted
to ball. After hearing argument of
Counsel, the court decided that the
petitioner was entitled to bail and
lixed bond at $3,000 Which amount
was not objected to by the attorney
goneral who represented the State.
important Announcement.
The Laurens Drug Co. has just
received a fresh supply of ZSMO and
Zemo Soap.
Zemo is a remarkable remedy, a
clear liquid for external use. The UrSl
application will Instantly relieve the
most Intense itching, quickly removes
blotches, pimples, blackheads, eczema,
dandruff, tetter and other forms of
skin or scalp humors whether on in
fant or grown person. Zemo Soap In
the new antiseptic skin soap. Is tho
purest and sweetest of medicinal and
toilet soaps relieves and quickly cures
prickly heat, rashes, hives, chafing
i and other forms of skin affections so
prevalent among infants. Especially
adapted for persons with a dollcatO
or tender skin.
TheLaurens Drug Co.. the druggist
has a limited supply of samples of
Zomo and Zomo Soap. A sample of
each will accomplish wondors and
will demonstrate their great merit to
those who have any form of skin or
scalp eruption.
J
COHTRIGHT
METAL SHINGLES
Laid 20 years ago are as good as new to-day and have never needed
repairs. Think of it! ,
What other roofing will last as long and look as well ?
They're fireproof, stormproof, and very easily laid.
They can be laid right over wood shingles, if necessary, without cre
Lirt or inconvenience.
For prices and other detailed informal'jn apply to
1
Local Dealer or
Cortright Metal Roofing Co., Philadelphia, Pa
Columbia, Newbcrry &, Lnureus R. R.
Schedule In effect Oct. 6th, 1910. Subject lo change without notice. Pub
lished as information only, the schedules Indicated are not guaranteed.
No. No. No. No.
52 04 A. C. L. 05 53
6.10 lv Charleston ar KLOO
9.54 lv Sumter ar '> "o
C. N. & L.
11.15 5.00 lv Columbia ar 11.15 4.56
12.42 6^r? lv Prosperity ar 9.50 3.34
12.56 6.44 lv Newborry ar 9.32 3.20
1.50 7.8'? lv Clinton ar S.44 2.86
2.85 7.55 lv Lnureus ar 8.20 -2.12
c. & w. c.
4.00 9.20 ar Greenville lv 7.00 12.20
4.0.? ar Spartanburg lv 12.20
S. A. L.
3.27 2.2X nr Gr eon wood ar 2.38 1J12
3.55 2.B0 ar Abbeville ar '.'.OX 1.02
l!.0."> 5.04 ?r Athens ar 11.51) 10.3*
8.45 7.15 ar Atlanta lv 0.55 8.00
Xos. 52 and 53 arrive and depart from Union Station. Columbia, dally and
...... through between Charleston nnd Grccnvlllo.
Nos. 54 and 55 arrive and depart Gervais Street, Columbia, daily except
Sunday and run through between Columbia and Greenville.
Note?Black face typo Is for P. M. and light face type Is for A. M.
For information, ask agents or write
J. F. Livingston, S. A. \V. J. Crnig. P. T. M.
Columbia, S C. Wilmington. N. C.
Alail orders promptly
filled. Goods sent on
approval to responsi
ble persons.
Fleming Brothers
AN Goods Bought of
us ENGRAVED
FREE.
Christmas Announcement
Every year styles seem to improve and every time the Christmas season rolls around we can say,
with all honesty, that our stock is more attractive than the year before. This year with the return pf
prosperity manufacturers have mxde an extra elfort to improve their lines and have certainly succeeded,
not alone in more attractive patterns, but in the addition of many entirely new ideas of the practical
kind and you won't have half as much trouble selecting a gift this year for the ones who seem to hav0
everything. Our Christmas stock is now complete and the following list gives just a suggestion of a
few of the many attractive gifts to be selected at our store. Come and look around before the rush com
mences. We can suggest lots of suitable gifts and will assist you greatly in making out your Christ
mas list.
TUB MOST POPULAit JEWELRY
Lockets
Solid Gold. Plain and Engraved
.$2.50 to * 18.00
Gold Killed, Plain and Stone Set
.$1.00 to $<;.oo
Bar Pins
Plain and Hand Engraved Styles in
Solid Gold at $1.25 to 10.00 and in
Gold Plate, 25c to $1.00
Dutch Collar Pins.
Odd Designs in Gold and Rolled Plate
from.50c to $10.00
Diamond Jen (dry
A good quality diamond in a con
stant pleasure. A poor one a con
stant disappointment, The quality of
our diamond easily recognized, espec
ially when a comparison Is made.
Diamond Rings.$7.00 to $300
Diamond Brooches .. . $S.O0 to $200
Diamond Locket? .. . $K.OO to $50.00
Diamond Scarf Pins . $7.50 to $40.00
Diamond Links.$.'1.00 to $40.00
CUT GLASS
Berry Bowls
Beautiful Patterns, Well Cut
at.$8.00, $4.0? and $5.00
Some Entirely New Effects, Rnngc
ing from.$?.00 to $15.00
Corn partes
Large and Small Styles in a Great
Variety or Designs at prices from
. $11.00 to $10.00
Bon Bor Dislios
Our Lender at $1.25 is a Beauty. Oth
ers Larger and More Elaborately
<--ut.$1.50 to $0.00
Watch Fobs.
Black Ribbon, Gold Mounted and all
Gold St vies in Cold Killed and Solid
Gold.* 1.00 to $20.00
Combination Sets.
Cuff Buttons and Scarf Pin to Match,
the Most popular Gift for a Man
this year.$1.00 to $15.00
Scarf Pins
Beautiful Fancy Stono Effect in Plain
and Elaborate Settings. All the
most Popular Styles . 5<>r (o $10.00
I.a Valllores
?Solid gold, pendants set with Ame
thysts, .lades, Turquoise, Peals, and
Diamonds, price from $7.00 to $150.00
Brooches, (always appreciated by the
ladies) can be found here in endless
prices and designs. The most com
plete line we have ever shown.
Prici s from.25c to $150.00
SIVER NOVELTIES.
.Match Boxes
Plain Styles For Monogram and Fancy
effects in a Great Variety Nickel,
Silver and Sterling ..75c to $5.00
Kings.
Cold Signets, for baby, sist. r, brother,
father, or mother, Gold set rings,
with Ruby. Amethyst, Turquoise,
Topaz, Pearl, Opal, Sardonyx, Moon
stone. Emend, Bloodstone, Tiger
Eye, and Canons, price $1.50 to $50.00
Other Suggestions.
Cuff Pius in Gobi and Plato. . .
pair.25c (o $5.00
Collar Buttons, a Practical Gift.
.25c (o $1.50
Bracelets, Hat Pins. Etc., in Endless
variety.
Hand-Pn la tod China,
The genuine article, in Cake Plates.
Bowls. Vases, Chocolate Sets, Bon
Bons, Tea Sets, etc.
Price.$1.50 to $30.00
Souvenir ftpoons.
Plain and Fancy Styles. Our Stock
in all Represents many Different
Patterns at a Range in dice from
.25c lo if2.50
Decorated Chins
Plates, Vases, Pile hers. Trays, Choco
late Sets, Berry Bowls, Ice Cream
Sets, Whip Cream Sets, Bread and
Butter Plates, and lots of other
fancy pieces, price . .25c lo $5.00
Japanese Ware
Jugs, Smoker's Sets. Cigar Jars. Pin
Trays, Bon Don Olive and pickle
Trays. Price . . . . 75c lo $7.50
('mhrclhis,
Give
Good Umbrellas Guaranteed to
Good Service. A Croat Variety of
Plain and Fancy Handles for Both
Lady and Gentleman $5.00 to $25.00
BRASS.
Desk Sols
Useful and Attractive, a Pleasing Gift
for Either Man or Woman. ..$1.00
to.$10.00
Other .nicies
Candle Sticks. Trays. Jardinieres, Kern
Dishes, Smoking Sets, Book Racks.
Etc., In American and Imported
Brass, Costing from . $1.50 to $15. .<
" 1
Men who do things carry the
Howard Watch, in the field,
it) the counting room, in the study
?i Iowa kd time has been a factor
in every event that has made
America what she is.
Price fixed by printed ti<kct?
$35 to $150.
Lot us ibvw you lbi| Ulltiuctlvq trakb,
Watches
a watch from Flemings is recogniz
ed at once as a good watch. All our
watches from thocheapest to the high
est prlcod, are fully guaranteed, Wo
have
.Niens Watches from ..$2.00 to $125.00
Ladles' Watches from . .$5.00 (o $75.00
Hoys' and Girls' watches from . .$1.00
to.$5.00
Other Novelties
Piles.. ..
Scissors .
Hat Marl;
Hag Tags
Pencil:; . .
EliU rvs . .
25c to $| Oil
7:.e 10 $3.00
.,25c lo 75e
,50c lo $1.50
..".tie t? $1.50
25c to si .nil
Silver Phlt fd Article..
having Sets in Groat Variety $2.50
to $10.00: Napkin Ring .'?(Ii- |o $1.00]
child's Cups 75c lo $3.50] lb king
Dishes and .Many Othor Useful A r
?5
Links
Plain Signet Hand Engraved,
and '-.one Sol Stylos in Solln ?
Sterling Silver and Gold Plate. 1
Gold Buttons.si..-,n in A
Silver and Plate . .
{olid G< Id,
lid
12.00
to $2.00
Sterling Silver Fniicj Pieces
Sugar Spoons. Berry Spoons. Meat
Korks ami Other Serving Pieties
Many Patterns.$1.00 to $10.00
Bread Trays. Sandwich Plates, Bon
Bon /Dishes and Other Articles of
Hollowwaro.$2.50 to $50.00
X
X
If
5C
X
X
,q5 s
lied Boom Clocks
New Style Clocks in Pra-s and Ma
hogany with Roliable Time and
Alarm Movements, n M?sl Pleasing
and Practical (W . ..$4.50 lo #80.00
Jewel Boxes
New styb ., Protly and Practical, Vel
vet Lined, a Number of Different^
Slzoa.$1.50 to $p_\iin
Reliable Jewelers
Lau rens, S. (