Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1908-05-22

of all. There a rat consumes three
cents daily, on an average, in its mode
of operations. If to the cost of board
and lodging be added the expense of
stamping out the disease spread by
rats, the average specimen in civil
lied nations may be said to cost from
seven to ten cents day.
Reno, New, May 20: "Rawhide"
Jack Davis, who found the first free
gold at Rawhide more than year
ago, and who cleaned up fortune in
Reno last week through his discovery,
is burdened with his new found wealth
and is looking for a way To get rid or
il. Next Thursday morning he Will
start for San Francisco in chartered
automobile, and, with two chauffeurs,
will endeavor to beat the worlds rec
ord of fourteen days across the conti-
nent. He is sparing no expense in the
preparation for the journey. Davis
leased an entire theatre last night. in
vited his friends and made the night
a wild one for the crowd that follow
ed him. His wife and the two chauf-
feurs will be his only companions
across the country. Davis cannot sleep,
so he says, and to while away his
wakeful moments he is spending his
money, which is a portion of the $780,
900 he received as payment for one Of
his Rawhide properties. He is thirty
years of age and never saw mine un-
til he went into the Rawhide country,
a year or so ago.
Charlotte, May 20: The annual
meeting of the Southern Newspaper
Publishers association came to an end
this evening with the annual banquet
at the Hotel Selwyn. The following
officers were elected for the ensuing
year: President, j. p. Caldwell, Char
lotte Observer; vice president, Col
Rufus n. Rhodes, Birmingham News;
secretary treasurer, Victor NJ. Han
son. Montgomery Advertiser; eXecu-
tive committee, r. w. Brown, Louis
vile Courier-JOurnal: j. G. Hemphill,
Charleston News and Courier; F. W..
Hinman, Jacksonville Times-Union;
G. b. Johnson, Knoxville Sentinel; E.
NJ. Foster, Nashville Banner; F. L.
Seely, Atlanta Georgian. Birmingham,
Ala, was chosen as the next meeting
place over Rome, Ga, Augusta and
Greensboro, n. c., which extended
invitations. At the morning session
resolutions were adopted instructing
the secretary to wire Speaker Can
non, demanding the passage of the
wood pulp and print paper bill and in
the afternoon resolutions were adopt
ed putting the association on record as
favoring the Appalachian and White
mountain forest reserve bill.
New York, May 10: The cotton
trade in this city were given pro-
nounced shock today when it became
known that 46 members of the New
York cotton exchange had been sub
poenaed to appear before the Federal
grand jury Of this district Among
those answering the call were all the
members of the board of managers
of 1906 and also many members Of
the trade revision committees OF the
past few years. 1t is stated on excel
lent authority that the investigation
has to do in an immediate sense with
the case of Edwin S. Holmes, who
was dismissed in 1906 from the asso-
ciate chiefship of the bureau OF sta
tistics, department of agriculture, af-
ter leaks in the crop report system
of the government had been inveSt-
gated. The aim of the government
now it is said is to obtain additional
evidence with a view to reopenIng a
case and entering upon active prose-
cution. Today's happenings, which
created the biggest stir in the
cotton trading circles, however, was
a demand made by the grand jury
for the production of the books of the
exchange members summoned. From
this many cotton traders have gather
ed the idea that the present invesu-
CATION has a purpose beyond the dis
covery of additional evidence bearing
on the Holmes case.
j. L. Livermore, the youthful
operator whom the cotton exchange
credits with having made 100000
in his successful coup in July cotton
completed, is by no means a novice
i'm the artifices and tricks of specula-
tiOn in cotton, stocks and grain. 1t be-
came known that when only sixteen
years old he concluded a highly sue
cessful stock market operation in a
New England bucketshop which re-
suited in closing the concern. AL
though only thirty years old now, he
has been operating in speculative
markets for fifteen years. From
Worcester, Mass, he went to Boston,
where his tactics in speculation and
his successful cOupS 50 aroused the
managers of alleged exchanges or
bucketshops of New England that
orders were issued to take no more
trades from him. Il am not always
successful" he said. More frequent
ly than otherwise | am unsuccessful
in my operations. but | am quick to
discern the fact that | have gone con-
trary to the trend of the market. 1t
is safe to say that sixty per cent of
my operations are unsuccessful, but
on the remaining forty per cent ]
make as a rule, large profits. If l
think | discern 4 movement i'm the
stock market. for example, | Will
sometimes try three or four times,
buying or selling small trifles as the
case may be, but if the market does
not respond 10 my testing tactics l
will run quickly, taking my losses.
- Washington, May 21: Congress
today took an important step looking
to the payment of ship subsidies. the
COnfereeS on the pOStOthce apprOprl-
alton bill having agreed 10 accept the
amendment by the senate authorizing
the postmaster general to contract
with steamships lines running to ports
of South America, the PHILIPPINES, ia
pan. China and Australasia for carry
ing of the mails and to pay To vessels
of the second class the same rate that
is now paid on American vessels Of
the first class to Europe and to YES
sells of the third class the rate now
authorized for vessels of the second
class There are no American lines
of the first class to the countries
named and the effect of this legisla-
Nlbll Will Dt " tIlN'ul q sc NllN NSNtND
liShment of passenger and mail
steamship lines to ports of those
countries. Although the payment to
be made for the carrying of mail is
not termed subsidy, it will amount to
that nevertheless. The biggest fight
ever made in congress for ship Subsi-
dy was that led a number Of years
ago by the late Senator Hanna and at
that time the name Subsidy was
held up by the opponents of such
legislation as Il "bugbcar" that
should be avoided. The bill was de-
feated and after that a joint commits
sion Of congress was appointed to pre-
pare a bill. The measure submitted
to congress was an elaborate piece Of
work called the ''shipping Suhven-
ton bill. The senate passed it. but
the house would not have it under any
name Senator Gallinger. who was
interested in the movement from the
start. tried again at the present ses-
sion. but he found that that sentiment
was still opposed to it ana he finally
directed his efforts to have passed an
act enabling the granting Of some
encouragement to American ship lines