The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1902-01-15
GONE TO THE WALL.
The Father Of the Later "caerry
Tree" idea Fails.
A TOUCHING VALEDICE0Ry.
He Refers to His Webb Pc:fcctinG
Press. The Assignee as
sueS y Notice 20 the
Creditors.

sneS Notice TO TN"
Creditors.
; Since the untimely end uf that IN
faat industry. The AmCS Oxen
Cherry Tree company" the skeptica!
have be, predicting the failure of
; the father Of them ail"-the Smith
newspaper concern OF Monticello, Fla.
Which is the first Of the geL-rich-
, ,:uick" schemes to be started. The
napkin ring concerns and other ah0r-
tive iniriDgements on the Smith copy
right have been failing and now comes
.hc announcement that Smith has
made an assignment.
For several weeks !lo has been slow
in making ra.littanccs, and row bis
agents aIe being informed that they
are apt to come out losers in this mat
ter. Smiths valedictoEy is very af-
fecting. has a touching" ring about
il. He is. or was. The publisher @; the
Weekly Constitution and Vie Monthly
Reporter. n0toriously sorry" papers,
but they brought him over 10. GU sub
scribers through bis system OF giving
; employment TO agents to dO writing
at home. Some of these agents in
Columbia are sadly in need CT the
money which they put into the busI-
ness and would almost be willing to
sacrifice their claims for pay for work
they have done if they could get back
the money advanced.
The last Of Smiths venture is sum-
med up in the following statement
which he issued under date OF Jan
uary I:
To the Public:
Leaving the University Of Georgia
in 1899, l moved tc Monticello and in
few years afterwards-I haven't the
exact day before me, but seven or
eight years ago. took charge OF the
Monticello Weekly Constitution. and
have continuously edited ard published
that paper to the present time
When took charge Of that paper
it had less than one thousand sub
scribers. and by continuous hard work
have increased its circulation to 49,
900 Or more: was rapidly building up
a large job printing business and had
a prospect of doing about $4,000
worth of advertising per annum.
In October. 1891. l bought and
moved to Monticello the best newSpa-
per preSS-a Webb periecting in
Florida. with the exception Of one in
Jacksonville. Ialso purchased other
costly and valuable machinery with
which to operate the plant. and have
nearly completed new building, all
at heavy expense.
Monticello being small placeit was
necessary that large per ceut. or
our business in the way OF subscribers,
job printing and advertising. come
from a distance. TO get this business
it was necessary to have a good many
paid representatives in the territory
from which we expected patronage.
The business WIS gradually increaS-
ing and promised we'll up to a few
months ago. At that time encOun-
tered some opposition. but by cCntinu-
Gus and persistent effort managed to
withstand it for a while. This oppoSi-
tion came from parties or newspapers
who were and are not personally ac-
ouainted with me and who had nc cor
rect conception OF my work. from par
ties whose main hope Of keeping their
own heads up. depends On pulling
down the heads Of others. Their I'M
friendly criticisms consisted Of state
ments and publications that were
wholly untrue, and without the slight
est foundation. In tacj. statements
that were conceived in malice. made
in jealousy. and circulated with q ce-
sire and hope to injure.
AS above stated. | was able to with
stand this opposition for time. but
to do so ! was compelled to toll day
and night, which under the strain |
have had to go. has seriously impaired
my health. | am now unable to give
the business the energy and attention
necessary for its successful continual
rion urder the Gitfic,llticS briefly men
toned.
Had it not been for this opposition
would have successfully built the
business up to the point desired, given
employment to many who needed It,
and made fair margin OF profit On
the business transacted. But BAD
news travels at a rapid rate and il
many instances . substantial inStitu-
ton under ordinary conditions has
been quickly ruined by the circulation
of untruthful reports. regardless Of
who their authors may have been.
In conducting my business | have
ever endeavored to keep faith with
each of NY representatives and am
sure reference to my past record will
satisfy any one on this point. AND /
shall yet keep faith with them, even
though to do 50, makes it necessary
for me to sacrifice everything | have
| worked for. for the past II years.
have carefully and maturcly con-
sidercd the situation for several lays
and have firmly concluded that the
oniy SAFE course 10 take. considering
the interest Oi tlll. ID " dooi-'ii 'tii iAi-
property for the plIrpDs. Of satisfying
/ the just demands against me.
| haye therefore. this day. vo!un-
! tarily assigned all ny property. real,
personal or mixed. included money Ill
| tie bank. and excepting Only my
! household and kitchen furniture. for
the purpose named. The assignee
has taken charge OF it and will make
! the proper disposition Of same.
| 1t is 4 matter nf deep regret and d
! great disappointment 60 ne ana 10
my fricuds-aiii an glad to say :AIt
i feel That cFery o!:e w!iJ is pcrsCN%iy
acquainted with me is E?y fricnd--t:ldt
/ the cOuSc taken seems best.
Respectfully. ctc.
This is accompanied by Il statement
| from -. y. Clark. assignee. in which