Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1903-10-13
NOTE AND COMMENT.

NOTE AND COMMENT.
Mr.. J. Edgar Poag has a character
istic advertisement in today's. paper
that Is we'll worth the reading; but 1t
should not be taken as a joke. Mr.
Poag is prepared to make good what
he says and he Is a man who can be
depended upon to do that very thing.
A Negro Iaborer from this section,
named Wilfong, returned few days
ago from Virginia, where he has been
employed with the gangs engaged In
double tracking the Southern rail-
way. He says that several thousand
men are employed on the work, ana
among them are quite a number OF
his acquaintances from this section.
Although the pay Is good and the
hands are being we'll treated, the rail-
road people are finding 1t Impossible
to get anything like as much labor as
they need. The work Is being pushed
quite rapidly. however.
The Enquirer has received one OF the
bronze medals recently struck at the
Philadelphia mint, by act Of congress-
to assist in furthering the efforts OF
the Thomas Jefferson Memorial asso-
citation to erect suitable memorial 10
the author Of the declaration Of In
dependence. The medal is very nearly
the size and shape Of a silver dollar
except that it is slightly thicker. On
one side is a bust Of Jefferson, with
the following inscription encircling the
outer rim: Tribute to the Author OF
the Declaration Of Independence
1776." On the outer rim Of the re-
verse side is the inscriptions: The
Thomas Jefferson Memorial associa-
ton of the United States-1903," and
in the centre Is this extract from JEFF
ferson's immortal productions: I'VE
hold these truths to be self-evident,
that all men are created equal; that
they are endowed by their creator
with certain inalienable rights; that
among these rights are life, liberty
and the pursuit Of happiness" These
medals in bronze together with certi-
ficates of membership in the associa-
ton, are given to all contributors OF
s1.OO to the proposed Jefferson memo.
rial People who may be interested
are invited to inspect the medal at
THE ENQUIRER office. We will take
pleasure in forwarding subscriptions.
There is not a great deal Of cotton
selling now. There Is some OF course;
but not nearly as much as would be
selling if the price were ten cents.
There are lots Of people who believe
they ought to get ten cents, and they
are not willing to sell under that fig
ure. Some, of course, have to sell be-
cause they owe money and the people
they owe need theirs. But even this
condition Is not as general as 1t has
been in the past, even last year. one
day recently a farmer brought six
bales of cotton to town, with the ex-
pectation of getting ten cents for 1t.
He found, however, that the price had
gone under ten and he was loath to
sell. But he owed some money and the
situation was a puzzle. Never having
taken occasion to inform himself be-
fore, he began to investigate. He
went to Mr.. B. N. Moore and learned
that he could store and insure his cot
ton for Is cents per bale per month,
and after some hesitation decided to
dispose of 1t that way. Then the ques-
ton was to pay his debts, and he went
into one of the banks to see about
raising the money. "Give me receipts
as security, said the cashier, and
will lend you 80 per cent Of the value
Of your cotton on todays market for
80, 60 or 80 days at 8 per cent per an
num-" The farmer made inquiries as
to what the interest would amount to
and explained that he did not need but
$50, at that time and he did not care
to pay interest on the whole amount.
VERY WELL" replied the cashier, give
me your warehouse receipts, and I'll
give you six blank notes for $50 each,
and each payable in 80, 60 or go days.
You'll sign one of the notes, and de-
posit it here on account. The others
you will take home with you. When
you want any money draw check on
your account, and we will pay the
checks as presented. When you. have
exhausted your account and need
more money, sign another note and send
it to us with instructions to deposit
to your credit, and in this way you can
get all the money you need without
having to pay interest on any amount |
except what you are actually using.
If cotton goes down, then, Of course
it would have been better If you had
sold but If the price goes back to ten |
cents, you will get the full benefit Of
It at trifling expenses, and without
having incurred any risk of loss by
fire." The farmer followed the advice
Of the cashier, left his receipt at the
bank, signed a note for $50, and took