Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1909-10-08
Scraps aud fafts.

moved inland away from the I'M
pending battle at Melilla.
The Southern Appalachian Good
Roads convention. embracing Vir-
ginia, North Carolina, South Carolina
Georgia and Tennessee, was called to
order at Asheville, N. c., at II
o'clock last Tuesday morning by Mr.
Joseph Hyde Pratt. president OF the
North Carolina Good Roads associa-
ton. Among those present at the
first meeting were: Governor w. W.
Kitchin, Mayor John A. Campbell
Commissioner of Agriculture w. A
Graham, Commissioner Of Labor and
Printing M. L. Shipman, Mr.. Benne-
han Cameron, president Of the Ma
tional Agricultural society, Prof. w.
c. Riddick. highway commissioner
w. L. Spoon, Col. Sol Gallert, Mr.
p. H. Hanes and DR.. A. Cheatham OF
North Carolina; E. ]. Watson, COM
missioner of agriculture Of South
Carolina, and Mr.. F. H. Hyatt, presi-
dent OF the South Carolina Good
Roads association, Mr.. Henry A.
Brown, president Of the Tennessee
Good Roads association. The OBJ
ject of the meeting Mr.. Pratt said,
was to provide ways and means for
the construction of 500 miles Of i'm
proved roads in the Appalachian
mountains with connecting roads
leading to the Piedmont region Of the
states interested. The convention
met in the Asheville auditorium.
- Galveston, Tex, Oct. Z: A deal
has lust been closed whereby ESQ.,
600 acres Of land have been sold to
a syndicate representing British and
German spinners who propose grow
ing cotton for direct shipment to
Liverpool and Berlin spinnera
Agents for the syndicate hold Sp-
lions on more than $4,000 acres
more. While the price is not an
nounced, the consideration is said
to be about s4,oOO,000. The land Is
situated In Webb, La Sale, Frisco
and Medina counties in southwest
Texas, convenient to the railroads
and close to several German settle
ments. The cultivation Of the land
will be mainly by German farmers
The plan Is to colonize the cotton
growers in small settlements In the
center Of sections containing about
5000 to 5000 acres and the cotton
crops will be pledged to the spin
ners and shipped direct to them.
This project has been considered FOR
several years, but 1t is the first
time the spinners actually have
bought land in the United States.
The Farmers union has fought the
movement for three years. The spin
ners declared 1t a stroke Of economy
on their part and argue that the
growers who sell cotton direct to
them will make bigger profits than
under the present system.
- Washington, october s.: The COM
ing congress must meet a situation
born of the panic Of 1907, when the
issue Of clearing house certificates by
the government to supply sufficient
currency to meet the demands OF the
business interests Of the country was
necessary, although Americas cof-
fers were overhowing with gold.
Foremost among the various pro-
jects that have been advanced as a
proper solution Of the governments
problem stands the proposed national
central bank AS 1t Is the common
belief that it will form the basis OF
the curative legislation to be recon-
mended by the monetary commission
and because President Taft, in his
recent Boston speech, signified his
own favorable disposition towards
the project, 1t Is timely to disclose to
the public what is believed to be in
the minds Of the president and the
eighteen members Of the monetary
commission when they refer to the
central bank. "a bank Of the people
and for the people," is the definition
Of this institution made by George
H. Reynolds, president Of the
American Bankers association in
his Chicago speech. He pointed out
that the people were to be the stock
holders, for any one would be privi-
legged to buy the bank stock just as
he might a government bond. A
small interest on such an investment
would be guaranteed by the govern
mert; any earnings more than suffi-
cient to pay the guaranteed interest
would be shared by the government
and by the stockholders. Political
control Of the great bank would be
made extremely difficult by the life
appointment Of the officers. Integ-
rity of operation would be assured
by a board Of supervisors, appointed
by the president, the secretary Of the
treasury and the comptroller Of the
currency (subject to the approval Of
the senate) for alternate terms Of at
least eight years to bridge over po-
litical mutations. 1t Is not intended
that the central bank should support
the credit of the nation. If the ma
tional government needs funds, it
must continue to borrow money by
sale Of bonds.
In a speech In which he declared
the hope Of this country lay in COM
pulsory military service with a per-
manent system Of drafting young
men into the army, Lieut.. Gen. Adna
r. Chaftee, retired, addressed the
closing session Of the National Guard
convention at Sacramento, Cal, re-
Gently. He declared that fifty or
sixty thousand young men should be
drawn by lot every year for compul-
sorry military service and the same
number retired into a reserve until
the reserve had 100000 trained men
ready at any moment to be called to
the colors. Lieut.. Gen. Chaffee also
spoke with cutting sarcasm against
the modern idea of going to war
with aeroplanes and automobiles. 81
guess" he said, that when war
comes you will have to take pack