Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1908-12-15
SOUTH CAROLINA NEWS.


convention convened at Union on Tues
day evening of last week and adjourned
on Friday Those who had attended
many previous sessions state that this
last one was the best Baptist conven-
ton they had even attended, either In
this state or elsewhere. The conVen-
ton was called to order after the de-
livery of the annual convention sermon
by Rev. DR.. John A. Bronson, by the re-
firing president, Mr.. Chas. A. Smith of
Timmonsville. Mr.. Smith had been
president for the past five years and
announced that In view OF the fact
that he felt that the convention had
honored him as it had he would de-
cline to serve longer. The convention
then elected Rev. DR.. A. ]. s. Thomas,
editor of the Baptist Courier as Mr..
Smiths successor. The reports Of the
various boards, including state, home
and foreign missions, the orphanage,
aged ministers and education were
submitted, and some Of them, especial
ly those on state missions and educa-
ton, elected lively discussion. At the
session at Orangeburg last year. res
ulution was passed which instructed the
Corresponding secretary and treasurer
Of the state mission board, Rev. Dr. 1.
NJ. Bailey, ana VINO has held the posi-
ton tor more than twenty years, TO
borrow the necessary funds, in case the
Churches aid not send II In as needed
and pay the salaries OF the missionaries
tyal hxyf ina fH
instructions were not complied with
and the state mission board was sharp
Is critlclsed-the evident object being
| TO reacn Dr. Bailey through the board.
Dr. Bo'ley gave the convention to un-
aerst ~ tnat II the churches did not
see IL to furnish hIm with the neces-
sar! cash Il .s-y the missionaries sala-
.Ies in future as tney became due ne
wou.3 continue to do as ne had peen
doing and not pay salaries undl the
churches sent in the money. No man
in the state is more beloved by the
Baptists tnan Is DR.. Bailey, or has
accomplished a greater work, or comes
nearer having the implicit confidence OF
all, and the rank and nle feel sure ne
is correct in his position and will
stand by him. A campaign was started
Iast December for the purpose Of rails
ing 100000 for Furman university and
and 1909. The financial agents, Revs.
Easterling and Stringteld reported that
about $63, 100 had so far been raised and
that in order to secure $500 promised
by Mr.. Carnegie fer the erection Of a
science hall at Furman university, on
condition that the denomination raise
stipulated amount by January, 1903,
II would be necessary to secure $4,000
more by that time. AS usual the sub
ject Of temperance received considera-
BILE attention. A resolution was adopt
ed endorsing the request Of the Anti
Saloon League that at the approaching
session Of the legislature bill be
passed declaring it illegal to sell IL
quor anywhere in the state, and q
committee Of twenty-five, composed OF
about an equal number Of ministers and
Iaymen was appointed to petition the
legislature to pass such bill. On mo-
tion Of Rev. /. G. Murray Of Yorkville,
a resolution was adopted, in accordance
with similar resolutions adopted by
the Methodist conference, condemning
Sunday excursions on the railroads.
During the past year the denomination
contributed $114,2S6.8S to the various
benevolent objects fostered by the de-
nomination, which Is less than $1.00 per
member, there being at present not
less than 125,000 white Baptists in the
state. The next annual meeting will
convene in the First Baptist church,
Anderson, on Tuesday after the second
Sunday in December. 1909.
There was a conference Of stock
holders Of the Seminole Securities COM
pany in Columbia last Saturday for the
purpose Of considering the companys
affairs in the light Of recent rumors
and newspaper publications. Mr.. ]. Y.
Darlington, the president Of the COM
pany was present, as were also Messrs.
clark, Jones and Bryan, trustees Of the
funds and securities constituting the
considerations in the deal between the
Securities company and the Southern
Life. Messrs. Clark, Jones and Bryan
were induced to allow their recently
rendered resignation to stand in abey-
ance, pending an investigation to be
made preliminary to convention OF
stockholders to be held in Columbia
on December 20. The trustees were
made members Of this investigating
committee, and along with them also
are Messrs. e. ]. Etheridge, Huger
Sinkler and r. T. CASTOR. 1t Is under
stood that the committee has employed
H. ]. Heily as an expert accountant to
go over the books Of the company. 1t
was the purpose Of some Of the stock
holders to institute proceedings that
would put the company in the hands Of
the courts; but they were persuaded to
desist until they could learn the devel-
opments Of December 20. "One Of the
stockholders" according to the Colum-
bia State Of yesterday, did allow him.
self to state that the stockholders would
not suffer. He believed that II Is pos
sible to reform the trade between the
Southern Life and the Seminole Secur-
tiles company It Is understood that
~ ITol Yryl,0 he troRo
dous commission Of $4,000, was paid
in large part in notes and other secur-
tiles. He thinks these may be handled
so as to become assets Of the two COM
panies In case the trade Is reformed.
However, that Is all speculation. There
has been a lot Of talk on the streets
Of Columbia that before the Southern
Life agreed with c. ]. Hebert to let him
have a majority Of the stock at $3.50 1t
was being "hawked around" in Raleigh
at $50 per share. Finally it was sold
to the Seminole Securities company at
$216. Commissioner McMaster has no
information to that effect. He has been
in correspondence with Commissioner
Young Of North Carolina for weeks, for
as soon as the Southern Life was pur-
chased, the matter came somewhat un-
der Mr. McMaster's Jurisdiction. "Mr,
Darlington was asked Saturday" the
state story continues, about the ALE
cations as to the value Of the stock Of
the Southern Life. He stated without
hesitation that he had heard that some
Of the stockholders In Raleigh had got
little nervous at one time and had
offered to take $50 per share. But that
Is no gauge of value he declared. The
price per share at which the Seminole
Securities company traded was fixed
bv actuaries. one having been employ
ed by the trustees. After calculating
the assets and other conditions, they
fixed the price at $216. If Mr.. Hebert
got the option in August for $3.50 II
was under conditions which can be eX-,
planned by the fact that the directors
at Fayetteville wished to increase their
capitalization