The Laurens advertiser. (Laurens, S.C.) 1885-1973, 1905-06-28

greatly in value. The purchase was
made from Victor M. Montgomery who
was anxious to sell on account of the
serious. loss he had sustained in the
wrecking of his Spartanburg property,
and apparently for the reason that he
needed money. and Mr.. Lucas, in order
to keep up the market value of his
stock, bought these ten shares from
Mr.. Montgomery at $780, in order to
steady the market.
Mr.. Lucas denied the allegation of
Mr.. Milliken that he had not given the
manufacture of goods the attention de-
manded, and submitted affidavits from
selling agents and brokers other than
Deering, Milliken & Co., to prove that
the quality was absolutely perfect in
every way. He alleges that Deering,
Milliken & Co. frequently made charges
that the goods were inferior, but that
he, Lucas, notified the Millikens that
thereafter he would make personal
examination of all goods so claimed by
Milliken to be unfit for sale, and that
from the firm about the product.
The latter part of Mr.. Lucas affida-
Wit is very important and is given in full
as follows:
ANSWERS IN DETAIL.
'"The deponent showing that the alle-
cations as to his carelessness and man.
agement have only arisen in the mind
of Mr.. Milliken since the account was
transferred from the firm of Deering,
Milliken & Co. to Stevens & Co., an
neXes hereto several letters from said
S. Nj. Milliken to said deponent showing
the true light in which the said S. M.
Milliken regarded the deponent.
The deponent states further, in refer
ence to the allegations as to the pur-
chase of real estate in the city of Lau-
rens, South Carolina, that from the or
ganization of the mill it has been his
custom, which custom has been within
the full knowledge of the board of di-
rectors, to purchase from time to time
such real estate as was in his opinion
necessary and proper adjunct to the
Mills.
That in pursuance of this recognized
and approved custom, in the spring of
1904, deponent purchased for the Lau-
rens Cotton Mills tract of land con-
eaining about three and one-half acres
adjacent to the property at that time
and now owned by the Laurens Cotton
Mills and forming very valuable ad-
junct thereto.
That upon corner of the said tract
of land deponent did cause to be built a
stable to be used in connection with his
residence which is the property of the
Laurens Cotton Mills and rented by him
from them.
That the use OF this corner of the
said tract in no way detracts from the
value of the other tracts of land front
ing on Main street.
That this purchase was not only
known to the local directors but was
known to S. M. Milliken.
That Mr.. Milliken was in the habit,
on his visits to Laurens, of being the
guest of the deponent at his house.
That deponent during the visit of the
said S. M. Milliken in November last,
took the said S. M. Milliken to see the
new tract of land which he had pur-
which was then in the course of con-
struction.
That the said S. M. Milliken express
ed himself as highly pleased with the
purchase of the said tract of land, and
said that he really believed that the
real estate owned by the Laurens Cot
ton Mills was worth the capital stock of
the company without reference to the
mill building itself and the machinery.
That he inspected the said stable then
being erected and so far from objecting
10 the same, actually suggested an en-
largement of certain parts of it, which
suggestions, however, were not followed
by this deponent, and the stable is not
as large or expensive as it would have
been had the suggestions of Mr.. Milli-
ken been adopted
And this deponent alleges that he
pays an annual rent for the said stable
and the land upon which it stands, of
$3.50, and that he also pays rent on the
house in which he lives, and which is
the property of the Laurens Cotton
Mills, of $500 year.
That this action on his part is vol
untary exception to the rule which pre-
walls throughout this entire section of
country, as deponent knows of no mill
president who lives in any house owned
by the mill and pays rent therefor.
That the universal rule, as far as de-
ponent knows, except in his own case,
is that where the president lives in the