Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1907-10-18
Straps aud faets.

He took the position that decided re-
forms were needed in the systems OF
baling and storing cotton through To-
cal gin compression. He insisted that
cotton bagging be used instead of jute:
that speculation in cotton where no
actual delivery was contemplated be
abolished, and the gradual abolition OF
a large per cent Of local middle men
He urged the adoption Of spot cotton
exchanges at central locations where
cotton could be sold direct to exporters
and manufactures. He advocated the
formation of permanent association OF
cotton growers and spinners. He in
sisted that the staple price only be
mentioned at high level by marketing
the crop needed for actual consump-
ton. To this end there must be ade-
quate warehouse and storage facilities
to take care Of growers weak finan-
cially.
The question Of appointing negro
bishops. was on last Tuesday brought
before the general convention Of the
Protestant Episcopal church, sitting In
Richmond. In the house Of deputies
majority and minority reports on the
question were read, which precipitated
a warm discussion. The majority re-
port provides that the house Of bish-
ops may establish missionary districts
upon racial lines, namely. for a speci-
fed race or races within the bounds of
the dioceses and missionary districts
established as authorized in section l,
either severally or in such groupings
as 1t may be determined, provided
that, In the case Of q diocese church,
racial Jurisdiction within the diocesan
borders shall be first ceded by the
bishop and convention of the dioceses.
The minority report provides for ap-
pointment Of bishops to preside over
negro dfoceses and with seats in the
house. but makes no mention OF ap-
pointment on racial lines.
- Wall Street Journal: Wall street
has gained no satisfaction from the
record of the past week. Prices OF
stocks, both railroad and Industrial,
have fallen to the lowest point OF the
year, and the market fairly slumped
on Friday and Saturday, the railroad
average closing at 1884. Monday was
in an exceedingly stringent condition,
with rates for commercial paper and
corporation loans almost scandalous In
size and burdensome to all business
o,d hac given
out a bearish interview on the situa-
ton to the effect that the depression
in the international stock markets Is
due to governmental attacks on cap
ital, especially in this country. Finan-
cial weakness developed in Holland,
accompanied by the selling of Amer
lean securities. A further decline in
copper has taken place, and there has
been a break in bar silver. Startling
disclosures have been made in the
traction investigation, and these have
given another blow to confidence and
increased the dependency Of Wall
street
The town of Fontanet, Indiana,
belonging to the Dupont Powder COM
pany, was destroyed by an explosion
of the mills located about a mile away,
last Tuesday. About fifty people were
killed and not less than 900 Of the
1000 inhabitants were more or less
seriously injured. There were seven
different mill buildings, each devoted
to a separate process in powder maxi
ing. The first explosion occurred In
the glazing mill at 9.15 o'clock. OF
the 200 employees, rs were at work.
These ran out of the buildings; but
other explosions followed in quick
succession and last went the magazine,
containing 10000 kegs of powder. A
number Of people had been killed and
injured before the explosion OF the
magazine; but when the magazine ex-
ploded the wreck was complete. EV-
cry house in the town was destroyed
and the concussion was felt two hun
dred miles away. Glass were broken
from running passenger train win
dows four miles distant. The people
had all gotten out Of their houses be-
fore the explosion Of the magazine,
and many who would have otherwise
been killed thus escaped death. Many
people were killed by concussion. 9th
ers were burned in the various build
ings. Very few Of the entire popula-
tion escaped without some injury.
Washington, October IA: Commis-
sioner of Internal Revenue Capers has
rendered q decision relative to the
manufacture and sale Of alleged me-
dicinal alcoholic compounds where, on
analysts, it is found that the said al
legged medicinal compounds are suit
able for use as a beverage. The COM
missioner holds as follows: THAT a
special tax is required for the manu-
facture and sale Of alleged medicinal
OF malt extracts manufactured from
fermented liquors, the drugs used in
the manufacture of which are not suf-
hcient in amount or character to rem
der the product unfit for use as a bev-
erage; or, in the case Of cordials, ex-
tracts and essences, in which the
amount Of alcohol is greater than is
necessary to preserve the ingredients,
or to extract the properties or cut the
oils, and hold same in solution. Man
ufacturers of alcoholic medicinal COM
pounds, malt extracts, fiavoring ex-
tracts, essences and soda water syrups
who wish to avoid liability for special
taxes must satisfy themselves that their
products are within the limits herein
defined; and those who put out alco-
holic compounds of doubtful medicinal
value, or containing questionable ex-
cess Of alcohol, must do so at the risk
of being required to pay special taxes
for the manufacture and sale of same -
General Linevitch. commander-in-
chief Of the Russian Siberian army
says a dispatch, has reported to the
general staff in st. Petersburg as fol-
lows: The japanese government is
erecting hastily in Manchuria and Ko-
rea fortifications and sending enor-