Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1908-03-27
Straps aud fatts.

chase of the South K Western railroad,
u $5O,OO0,OOO project backed by
Thomas F. Ryan of New York, was
approved. The transfer was formal,
both companies being owned by the
Thomas F. Ryan and George l.. Car
ter interests. ]. Norment Powell held
the proxies Of the Ryan interests, and
voted in the meeting, approving all
that had been done in the matter Of
purchasing the South & Western. 1t
is understood that something like $27,-
100000 has already been spent on con-
struction and that the road, when
completed and equipped, will cost up
wards of s50,OO0,0OO. The road will
be completed and put into operation
next year, when the Clinchfield Coal
corporation, a S3O,000,000 corporation
of which Carter is the head, will be-
gin the development of the coal prop
critics in southwest Virginia. The
meeting adjourned one week.
The battleship fleet will visit Chi
ma as we'll as Australia and Japan and
will be home on Washington's BIRTH
day, that President Roosevelt may par
ticipate in the welcome before his re-
tirement from office ten days later.
In deciding at the cabinet session on
Tuesday to accept the invitation eX-
tended by China, 1t was also determin-
ed that the limit of the social calls
had been reached and that all other
invitations should any be extended,
would be declined with appreciative
and regretful thanks" An earlier
departure than July 9th from San
Francisco is being contemplated in ar
ranging the extended itinerary. This,
however, will depend upon the re-
pairs necessary when the ships reach
that port. Admiral Evans reported
today that splendid progress was be-
ing made in the target practice at
Magdalena bay. Nine of the ships have
already completed their work. These
are the Maine, Alabama, Illinois,
Georgia, Louisiana, Minnesota, Ohio,
Kentucky and Kearsarge. The Chi
nese invitation, which was accepted
today, comes from the minister of for
eign affairs in Pekin through Mr.. WI.
That probably there will be con-
gressional commission to consider cur
rency reform legislation in order that
congress may be assisted in promot-
ing the enactment of a general cur
rency law in the next session of con-
gress, was made plain last Tuesday at
the close Of Senator LaFollette's
speech in the senate. The informa-
ton was developed by an inquiry by
Senator Beveridge, who, saying that
he had been impressed with what the
senator from Wisconsin had said
about the need for an investigation OF
currency matters, inquired Of Senator
Aldrich what he thought of the wis
dom and expediency of appointing a
commission to inquire during the
coming recess into the currency needs
of the government and the recent
stringency with a view of promoting
legislation in the general currency
question. Mr.. Aldrich said the pres
ent currency bill made no pretense of
embracing reform, and added that be-
fore this congress adjourns legislation
would be passed providing for COM
mission of the house and the senate
with a view to a general investigation
which it was hoped would result in the
preparation Of a comprehensive bill.
- Washington, March 25: The Ger
o.
ceive DR.. David Jayne Hill in the ca
pacity of American ambassador to sue
ceed Charlemagne Tower, whose resig-
nation has been accepted to take effect
upon the qualification of his successor.
DR.. Hill is at present American minis
ter to The Hague and was formerly
first assistant secretary of state under
the administration of Secretary Hay.
The objection to DR.. Hill is one purely
personal to Emperor William, who has
simply caused it to be made known
that the American diplOmatist is per-
soma non grata to him. The reason
for the emperor's objections is connec-
ted with the visit to America several
years ago of his brother, Prince Henry
the ranking admiral Of the German
navy. Dr. Hill at that time was first
assistant secretary of state az ! neces-
sarily was brought into oftic' Il contact
with the distinguished foreign visitor
Just what he did or did not do to give
offense is not known i r.. A perplex-
ing feature of the case Ia presented by
the fact that last November the Ger
man government let it be known that
DIR. Hill would be cordially received as
American ambassador to Berlin.
At a meeting Of the voting trus-
tees Of the Seaboard Air Line railway
in New York last Wednesday, resolu-
tions were adopted looking to the dis
solution of the existing voting trust on
May 18th, 1908. In accordance with
the resolutions, notices will be sent to
all holders of voting trust certificates
advising them thet upon surrender OF
their certificates they will be given in
exchange actual stock of the railway
company. Certificates for the COM
mon stock of the company are to be
exchanged at the office Of the Balti-
more Trust and Guaranty company Of
Baltimore. and certificates for prefer
red stock will be exchanged at
at the office of the Continental
Trust company of Baltimore. Pracu-
Cally the entire capital stock of the
railway including SIS, ,OOO,OOO of pre-
ferred stock and about $3G000,000 of
common stock, has been held since the
organization of the SeabOard system
about eight years ago, by eight voting
trustees. These trustees are: John
Skelton Williams, of Richmond; S.
Davies Warfield, of Baltimore; ThOm-
as F. Ryan, James a. Blair, John b.
Dennis, T J. Coolidge, Jr., b. F. Yoak-
um and H. G. Price. The action taken
today was in accordance with an
agreement made i'm Washington on
December 31st. 1907, when the re-
ceivership for the property was decid-