Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1909-04-16
Scraps aud faets.

S95,OOU,OOU annudlly Out VI q toeebi ~
ternal revenue of S470,000,000 to $780,
100000. About 1000 estates pay the
bulk of these taxes. This is the sub
stance of a report by Chas. M. Pepper
who has been investigating the subject
for the bureau of manufactures, de-
partment of commerce and labor, In
connection with the tariff revision
The revenue from the death duties,
Mr.. Pepper says, Is little more than
half that from excise impost and con-
siderably more than half the amount
realized from the income tax. In the
rates of duties for SUGGESTIONS, legacies
and estates of less than $500 are ex-
empt. The duty ranging from 1 per
cent on estates from $500 to $2,5Oo'
up to 10 per cent on estates OF sS'Soo'-
900 to s5,0O0,00O. Above $4,000 there
is graduated scale.
Work has been renewed on the dou-
BILE tracking Of the Southern railway
between Atlanta and Washington, and
II is expected that the construction
of the second track will be pushed as
rapidly as possible. The previous plans
will be carried out and the work VIII
consist in the double tracking of vari-
Gus portions Of the road which Will
finally form the connecting links In
the double tracking Of the entire sys-
tenn. The double tracking Of the road
from Lynchburg, Va, to Diemet, va
has been resumed, as has also the
double track from Asheville to Crag-
gy. N. c. The latter work includes the
construction Of a concrete viaduct over
the French Broad river at Asheville.
About one year viii be required to
complete the contracts, which have
been let to the w. ]. oliver Construc-
ton company of Knoxville, Tenn.
The work was suspended about eigh-
teen months ago, on account OF the
financial depression. The Southern
railway, with its last issue Of bonds,
expects to make many improvements
over its various divisions.
Providence Journal: A plan Is salo
to be on foot for a substantial reduc-
tion in our government expense ac-
count From to 10 per cent Is to De
saved by the sl<illful manipulation OF
the blue pencil in the appropriation
bills. That would mean diminution
in our annual outlay Of from $5O,OOO,-
600 to s10O,000.O00, and would go 1ar
in the future to relieve our fiscal en-
barrassment. When 1t Is desired 10
bring ones expenditures within the
hounds of ones income, 1t is just as
practicable to spend less money as
II is to raise more. The japanese are
teaching us an excellent lesson In this
respect. While the United States
Germany and England have been IN
creasing their yearly budgets TO Dur
densome proportions, the sensible Is
landers on the other side of the world
have reduced their appropriations py
the tidy sum Of s17s,500,0OO. The
truth is that we have been much TOO
lavish in our disbursements, and a D OF
10 per cent cut, such as Is suggested
is highly desirable. But that Will not
solve the problem with which we are
now confronted. We are considerably
not TO say seriously, in debt, and ways
must be devised for the liquidation OF
our obligations.
Chicago, April 10: 1t was day
of tumult and sharply shifting for
tunes in the wheat pit Of the board OF
trade today. July wheat, following
docile advance to new high level
suddenly dropped an extreme ~ cents.
The "pyramided" fortunes Of small
speculators vanished in trice and the
day was saved from rout only by the
vigorous exertions Of the bull leader
lanes A. Patten. 1t was 10 or zo
minutes before closing time when the
selling tornado hit the pit. Stop loss
orders came out in a deluge and the
bears, stirred by five cent decline at
Winnipeg, based, it was said, on re-
selling by exporters, attacked the mar
ket with a great spirit. July tumoleo
half a cent at q time to $l.l4a, an eA-
treme loss Of 4s cents; May in larger
humps dropped to s1.26, and Septem-
ber. an undisputed new crop month";
which had attained $10Ss, declined 10
s1.o5a. Here the Patten purchases
made their influence felt and the close
of the session found July at $1.15s to
Z; May s1.27s to 8, and September at
s1.063. In talking with newspaper men
TODAY, Mr.. Patten referred frankly 10
himself as a speculator as we'll as
grain merchant, and incidentally ad-
mitted that he is long of cotton
Haven't you enough on your hands
in wheat without dabbling in cotton!
came q query. well, I'll be frank.
I'm a grain merchant, but I'm a specu-
lator also. like to speculate. It's
great game. The way it looks to me Is
this: Cotton at the present price Is just
about as cheap as wheat would be
around a dollar, so took a flyer, out
believe me, I'm not trying to manipu-
late it"
-Asheville, N. c., April IA: Or the
once beautiful structure, kenilworth
inn, that in it's day has housed many
of the country's greatest celebrities,
nothing remains tonight but pile Oh
charred and smoking ruins. Despite
the fact that the alarm was sounoed
at 2.3O this morning when all the
guests were alseep, only one person
was injured, Former State Senator
Joseph M. Gazzam, owner of the hotei'
who jumped from a third story WIN
dow in an effort to escape and sus-
tanned internal injuries, the outcome
of which is doubtful at this hour. AT
o'clock tonight it was reported from
Biltmore hospital that Senator Gaz-
zam had been unconscious since noon
today and that his spine was injured.
Hopes for his recovery are entertained
however. Senator Gazzam's action IN
going back to his room, after being
called six times, and his refusal to get
up when first called, in ample time
to escape, has caused much speculation
omonp his friends and Ii is thought