The Pickens sentinel. [volume] (Pickens, S.C.) 1871-1903, 1890-04-03
GENERAL NEWS ITEMS.
Facts Of Interest Gathered from yar,o,. .
Quarters. ="

faots OF Interest Gathered from variou.
Quarters. 'a"
-Vlce-President Morton has 10
Surned from his trip through the
S:outh with the kindliest feelings for
its people and the brightesthopes fo,.
its future. poo III
"A syndicate of New York and
Augusta capitalists has purcbased
several Thousand acres Of Land in
South Carolina on the hills opposite
Augusta, The purchasers will de-
Velop the property and make it easily
accessible to Augusta.
,Wm. q. Christian, late associate
eqlt0f and owner of the Charlotte.
N, u, democrat, has disposed of his
interest IN that paper md accepted O.
posltlon on the staff of Philadelphia
paper. MIR: Christian married the
daughter of General Stonewall Jack
son. This lady died few months
ago, leaving two children.
The Midway hotel and several
BUSINESS houses at Kcarney, Neb.,
were burned Monday morning. A
terrible wind from the northwest
prevailed. The loss will probably
exceed $150,0OO. One man was killed
| by jumping from II fourth story Win
| dow.
A sensational tragedy occurred
ut Kedlands, Cal, early Monday
morning. ID. q. Gresham, connected
with The Citograph, a weekly paper,
was shot and killed by G. G. McCon-
Key, proprietor of the Windsor hotel.
McConkey then committed suicide.
Both men stood high in society, and
the affair has created great excite
ment.
--Aeck Copeland, colored, was shot
and fatally y wounded at his own house
III the vicinity of Clinton, S. c., on
last Saturday night. On opening the
door OF his cabin in response to q
Knock he received two loads of bird
shot Ill his face and body. Suspicion
Tel! on Fearow Leak between whom
and Copeland there was an old
grudge. Leak has been arrested and
there Is strong proof of his guilt.
The Rate of Interest
Byan Act OF the last Legislature the
law III regard to rates of interest wns
SO amended that no higher rate than
. per cent per annum may be chnrp-
ed for the hiring of money, the legal
rate remaining seven per cent. except
| upon special agreement The'law did
not take effect until the first of March.
| 1890: The following is a COPY of the
| law in question::
mo greater rate than seven Der
| centum per annum shall be charged,
taken, agreed upon or allowed upon
| any contract arising in this State. fo,
| the hiring, lending or use ofmoney or
other commodity, except upon written
contracts wherein, by express agree
ment, a rate of interest not exceeding
eight per cent. may be charged. No
person or corporation lending or nd
Vanclng money or other commmodity
upon n greater rate of interest shall
be allowed to recover in any court of
this State any portion of the interest
so unlawfully charged; and the prin-
clpal sum, amount or value SO lent or
atdt'T@airrseed, without anyii9teYeyh, INTEREST shall
be deemed and taken by the courts
OF the State to be the true legal debt
or measure of damage to ali intents
and purposes whatsoever, to be re
covered without COSTS Provided, that
the provisions of this Act shall not
apply to contracts and agreements
entered into, or discounts or az
rangements made, prior to the first
OF March, 1890"