Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1907-11-12
SOUTH CAROLINA NEWS.

most atrocious killing. one of the wo'
men being shot in the back. Sentence
will be passed Monday.
- Speaking of the clearinghouse GER
tificates issued by the Columbia banks
the Columbia correspondent of the
Greenville News remarks: 1T should
be borne in mind that the courts have
held that II is a violation of the mon
ey brokerage laws to discount these
certificates. The only danger in their
use Is that unScrupulouS persons will
take advantage Of the ignorance OF ne
groes and persuade them that the GER
tifcates are not as good as their face
value and make money by offering tC
discount them. This has been tried In
other places, but so far no such effort
has been made in Columbia and 1t Is
not likely to be. So far as the average
man is concerned it does not make any
difference whether he is paid in gold
or silver or currency or clearinghouse
certificates If any one of these mediums
of exchange can purchase the same
amount of food and raiment as any OF
1.-The other mediums"
- Spartanburg special Of November
8, to the News and Courier: The Of
ficers Of the South and Western were
here yesterday. Mr. John B. Cleveland
nRnd other business men met them and
scussed the railway situation. There
Ire several problems considered. II
they come from Bostic to this place the
bridges and grading will be quite ex-
pensive. But then they are building
not for the present, but for the future
and money saved now in construction
might prove a poor investment for the
future. There are cheaper routes
TrThf
they leave Bostic coming southwark
they have to cross Broad river. They
could then make a straight run to
Cowpens and on to the Easterwood
Shoals, below Pacolet mills, without
crossing water Another and perhaps
less expensive route would be across
the Cowpens ridge to Gaffney and on
down to Hamilton's ford just above
Pinckney. They would cross no
streams until they reached the junction
Of Broad and Pacolet rivers, a distance
Of forty miles or more. That route
was surveyed about 1880 to 1884 when
the old Charleston and Cincinnati road
was projected. Col. John o. Fremont
then a citizen Of Charleston, was with
the engineering corps. We do not
know what route may be selected, but
they are certainly going to push their
way through this state.
The following is the text of a pc
tition, addressed to Governor Ansel
that is being circulated in Pickens
county: I'VE, as farmers and citizens
of Pickens county, realizing full we'll
from information we are in possession
Of that the cotton speculator and his
allies have frightened on the money
market and almost brought about a
panic, for no other purpose than to
depress the price Of cotton at this time,
and that this same Wall street spec
ulator has contracted to furnish to the
spinners cotton as they may need it at
a stipulated price. Now we, the un-
dersigned farmers and citizens, res
pectfully petition your excellency TO
confer with the governors of all the
states upon the advisability Of calling
an extra session of the general assem-
blies of their respective states for the
purpose of affording relief. We be-
lieve by having this plan agitated
through the press alone there will re-
suit a tendency to raise the price of
cotton to it's minimum value, and we
are confident that you will fully real
ize that II the governors Of the cotton
states should call their respective gen.
eral assemblies together, in special
session, it would be an economical step,
considering the cost thereof to the tax
payers, in comparison to what we will
lose under the present prevailing
prices This petition is addressed to
your intelligent consideration"
- Columbia State; Tuesday: The
members Of the clearinghouse asso-
citation were very much annoyed yes
terday because of the action of a per-
son who withdrew a lot of cash from
one Of the banks in order to buy
clearinghouse certificates at a greatly
reduced price-after he had imposed
upon ignorant people and had per-
suaded them that the certificates were
not worth face value. 1t is probable
that arrests will follow. These facts
were learned last night from the CASH
ier of one bank and were confirmed by
the president Of another bank. The
name of the party accused could not
be learned, but it was stated that he
conducts a store in the suburbs. The
clearinghouse association Is made up
Of the presidents and cashiers of the
six banks in the city. They have le-
gal advice galore, and if they start in
upon an attempt to have proper pun
ishment meted to such iniquitous con-
duct there will no doubt be very in
teresting legal fight. The deliberate
purpose of this party is said to be to
persuade negroes that the certificates
issued by the clearinghouse are not
worth face value and, after giving the
holders a fright, to buy the paper in
at rs per cent of it's reputed value.
This is obtaining money under false
pretense and the clearinghouse asso-
citation will probably make a test Of
the matter unless this practice is stop
ped today. The single case is not Sc
rious in its effects, but one little lie
may cause panic under such cir
0umstances. That there is plenty of
law to provide for the punishment of
parties engaged in such methods of
getting money is evident from the fol-
lowing dispatch from Montgomery,
Ala: Montgomery. Ala, Nov. Sin
a letter to Police Chief Taylor, Mayor
William league directs that officers
are to arrest and prosecute business
men who, it is alleged, are discounting
clearinghouse certificates issued by the
banks of Montgomery. The mayor de-
snounces the practice as fraudulent and
advises prosecution on the ground that
it is a violation of the law regulating
money brokers" Subsequently 1t was
reported that these cases had been
taken to the Federal court. With this
exception there have been no rumors
pof any attempt to discredit the paper
money issued by the local banks last
week. The merchants of the city have
accepted 1t as matter of course, and
the mechanics and other intelligent
artisans have taken it as legal tender
An occasional negro has been perpleX-
ed over this socalled circus money
and some negroes from the country
last Saturday asked for country mon
ey" instead Of town money" not thai
they discredted the certificates but
because they thought the PIPER woulc
not be honored for it's full value out
side of the city. One of the leading
bankers of the city said yesterday thai
, his bank had had calls for this money
from ten cities in the state, including
Greenville, Sumter, Orangeburg, Ell
loree, Batesburg, Johnston and grea
many other points. And this was jus'
one of six banking houses. Sumter
tried to get along without the certih-
.cates. but there was an thrush of cot
Fton Saturday and Columbia money
was good there yesterday.