davidaulloa/AmericanStories huggingface dataset:
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1910-04-13
THE COTTON MARKET.
SPECTATORS STRUGGLE COo~
WILL REACH CRUCIAL POINT
oid Months Are 'LOaded''-FulJ of
Danger Consequent Upon World
Wide Manipulation-Price Far
Above Last Years.

New Orleans, April 10.-The time
Is fast approaching when the struggle
between the bulls and the bears IN
the old crop will be at the critical
point.
The knowledge that DEVELOPMENTS.
which would be felt all over the cot
ton belt, may serve to make the cot
ton trade more conservative than
ever in it's dealings in the future
market this week.
Last week more than during anv
previous week Of the season, traders
operated in the new crop rather than
the old, for the old crop months are
full of all the dangers that are con-
sequent upon manipulation of such
Worldwide character as Is to be seen
in the May position just at the pres
ent time. Consideration of the new
crop months gave the bears the idea
that they were far too high, with Oc-
| tober selling around IL 1-2 cents and
favorable reports from all over the
belt in regard to the planting of the
| new crop. The price was just about
three cents a pound higher than the
| price Of October last year.
| Last week, October closed at 1852;
last week a year ago October closed
| at 9:6S. Comparison with last year,
however, started the bulls off on an
other tack. They called attention to
| the fact that a year ago July closed
at exactly 10 cents, which put October
81 points under it. Last October
closed at a discount of practically
two cents under July. This week the
bulls are going to ask the trade if it
wants to sell October at such a dis
| count.
| Labor troubles in the various parts
Of the world, England, Germany and
the United States, will be watched
closely by both sides. At the week end
1t was announced that the Lancashire
mill owners had voted in favor of a
| wage reduction and had called a
meeting during the coming week be-
tween the employer and their oper-
atives to talk over matters. Bears
advertised this development to a con-
siderable extent hoping thereby to
offset the effect of the very encour-
| aging reports that have recently been
coming from Manchester in regard
to the demand for cloths and yarns.
The bulls, however, contended that
the vote in favor of a reduction in
wages was simply an attempt by
English spinners to influence the
price of raw cotton in their favor.
The very large spot sales that have
recently been made in Liverpool caus-
| ed the bears to predict that this week
more would be heard about large
| shipments Of spot cotton from Liver
| poo! to New York to go against May
contracts. Such shipments. say the
pulls would be by no means one sid
ed in their effect for while they may
| be regarded as bearish in the New
| York market they will have lost ef-
| feet in Liverpool where stocks are all
ready low in comparison with this
time in former years.
| Should rams in the West extend
over Sunday, it is probable that bulls
Will take up their campaign in the
new crop months energetically, for it
Will be contended that the continued
rains are now interfering with plant
| in,
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1910-04-13
n Letter From Davidson College.

Davidson, N. c., April 6.-The
friends of Davidson College will be
interested in knowing that the new
Carnegie Library is now NEARING
completion. 1t is a handsome srruc-
ture OF red brick trimmed in white
and Will be ready for use by the he
ginning of next term.
In series of three debates he.
tween Davidson College and Wake
FOREST for a silver cup given 3v the
Chamber of Commerce oe Groove
boro, Davidson was victorious ON
March 18th. Wake Forest won the
cup last year, but the good old no ,,;d-
son spirit is aroused and v,o ~ :.
lair way for keeping the Gun. which
however is to be decided bv third
debate next spring.
The baseball season IS at its baieb+
ana although we have lost several
games the men are by no means lie
couraged. and it ic believed eenora,Iv
'"dt davidson will have a successful
team. Capt. Clark's arm has been
out OF condition, hut the team has
ShoWn superior form in base running
and fielding.
Mr' John b. Duffie has returne,F
from spending a very pIeasapt 19os,,.
at home.
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1910-04-13
OLIVER AWARDED CONTRACT.

Spartanburg. April I'll. H.
Prince. OF Greenville. stated here to.
day that the Grcenville and Spartan
burg Electric Railway Company. of
which he Is general manager. had
awarded the contract to construct an
electric line between Greenville and
Spartanburg 20 w. j. oliver e Co. Of
Knoxville. Tenn, the contract price
being S750.OO0. II has recently been
announced that tho Southern Power
Company would construct a similar
line.
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1910-04-13
FEDERATION OF WOMEN'S CLUBS
Officers Arc Chose For Next Year
Place For Next Annual Meeting Not
Selected.

Charleston, April 1.-THE chief in
terest in the sessions of the South
Carolina Federation of Women S
Clubs convention was the election of
officers this afternoon. Mrs. j. M.
Visanska, president Of the city feder-
alton of Char .estOn and one Of the
ablest and hardest of club women
workers, was elected president. Mrs.
Visanska had a decisive majority and
with the declaration Of the result her
election was made unanimous, as
were the other elections. Mrs. j. +.
Bell was elected 1st vice president,
Mrs. j. S. Booth was retained as 2nd
vice president; Mrs. j. l.. Coker, Of
HartSVille was elected recording sec
rctary; Mrs. +. a. Russell of Green
Vile, corresponding secretary; Mrs.
Frank b. Cary, treasurer; Mrs. Alex
ander Long, Rock Hill, auditor.
Mrs. Frank Bamberg, of Bamberg,
was elected treasurer. but after being
elected she resigned, and Mrs. Gary
was elected in her place. The cleo
tions were by secret ballot.
1t appears that none Of the dele
gates had brought invitations from
thir communities for the next con-
vention, and the place of next meet
ing was not fixed. The executive
committee will determine upon the
city for the next convention.
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1910-04-13
PERJURY and BRIBERY.
THE PROBE GOES IN IN PITTS.
BURG.
Alleged That Many Witnesses Have
Withheld Information and Others
Have Pcrjurcd Themselves.

Pittsburg, April S.-A true bill,
charging Max G. Leslie, collector Of
delinquent taxes in Allegheny county.
with bribery was returned by the
grand jury today. At the same time
a sweeping presentment was handed
down with general charges that many
of the 125 witnesses which the grand
jury has had before it during the
graft Investigations thus far have
wilfully withheld knowledge Of graft
secrets and that a certain few have
practically been guilty Of perjury. Di-
rectors and officials Of some of the
six big banks which profited by the
corrupt depository ordinance are Sc
verely scored by the probers. The in
dictment Of Leslie follows his recent
acquittal on a charge of perjury in
claiming an alibi in connection
with a previous indictment for alleg-
ed bribery. He is now charged with
receiving $4,000 from the Columbia
National Bank of Pittsburg on June
8, 1908. In the former indictment
the date was named as June and
Leslie proved that he was out Of the
city at that time. 1t is charged that
of the $4,000 he paid over s17,50O
to William Brand to bribe council
| men.
The indictment season reached that
complex stage today where even the
grand jurors themselves thought IL
necessary to present a comprehensive
review of all their work. 1t was de-
clared today emphatically that For
| mer Councilman Charles Stewart and
Cashier James M. Young of the Sec
ond National Bank have concealed
information from the grand jury in
quisitors 1--WE have" the jurors re-
ported, "been unable to ascertain who
paid Stewart this bribe money (mean-
ing s52,5O0. charged as furnished by
the Friend Hoffstot pool Of banks) in
New York. Although Stewart met
this man at least upon two or three
occasions, although he knew his name
| and had several drinks with him. he
nevertheless swears that he does not
remem 'er his name"
The grand jury also recommends a
new investigation by the directors OF
the Second National Bank, and in
specific terms charges that Cashier
Young is shielding +. n. Hoffstot and
that there is reason to believe that
some one else connected with the Sec
ond National Bank is responsible fol-
his.
The report made by the directors
Of the Farmers Deposit National
Bank in denial of any knowledge OF
payment of money to bribe council
men is criticised in the presentment
Thr validity of the contracts under
which six favored banks now hold the
city's money is attacked.
Important in that it shows how the
banks were induced to put up SO large
an amount of money for the Doodle
fund is the recommendation that G
per cent. be collected on the city de-
posts from these banks from and
after this date. The city depository
banks are now paying per cent on
city deposits and it is alleged that
there was an agreement that the
councilmen were to get the differ
ence for reducing the percentage.
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1910-04-13
SUMTER. S. c., WEDNESDAY. APRIL 13 1910
WEEKLY COTTON REVIEW.
NET Loss SHOWN FOR WEEK ON
NEW CROP MONTHS.

Depressed Feeling Fairly I'm Week Re-
iicved When Patten Broker. and
Spot Interests Became Large Buy
ers of May OptiOn--Texas Rains
Worked Against Bull Speculation.
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1910-04-13

oeVen 10 five that Bill and Teddy
VIII be disappointed in each other
New York Mail.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-04-01

more radical element in bis party. vhic1
would abolish the RuIes Committee. b.
Heves that the committee OF the whole will
have the same powers as the Rules Com
nlittee once each month and that co1sid-
Grafton 81 the measures desired by the M
ioritv Of the House will be Insured
Those who expected a vicious attack ~
the present rules were much Disappointed
but the same feeling of disappointment
overcanne those regulars vino endeavored %
point ont 20 Mr.. SherIey the fruoractieabiIitv
Of his resolution Re defended IL success
fully against numerous questfo-s b. Fssprs-
senta;iyes Dalzeil. % Pennsylvania. Mccall.
Of Massachusetts. and Olnsted. Of Pennsvi-
vania. all seanch regulars. Tie declared
that the present rules are neither re-rs-t
nor vicious. brt he asserted that the system
could not BE- changed BY changing the PER
sonnet Of the Rules Committee or eniargiax
It's membership. lie Acknowledged hat n
its enlarged state Il might be more re<oon-
size to the will Of the House. but 4 30
long as the power 20 impede legislation was
in its hands that power was liable 20 abuse
lie complained that the greatest abuse uas
the power Of che Rules COMMITTEES ard
every other committee Of the House % pre-
vent TIE consideration of legislation .
which they were Unfarcrable. This. n.
held. world be eliminated Il resolution
similar 70 his was adopted. Ifs declared
against the appointment % con-n1ittses 81,
a committee on committees or By election
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-04-01

RerenHes Pledged to Carry
Ont I'm DrOTements.

Washington. March 31.-The Greek Min
lister of Finance has presented bill in the
Greek Parliament authorizing a loan not
TO exceed s4S, 00o 0o0o Official advices re
ceived at the State Department say that
this loan is TO bear interest al per cent
par and not more than PIG per cent on
it's effective proceeds. The loan is TO ex-
tend over a period Of fifty years. and pro
vision is made for a sinking fund.
The revenues from the proposed sugar
monopoly. the proceeds Of the new surtax
on tobacco. the proceeds of increased taxa
ton on alcohol. the revenues of certain
custom houses and the proceeds from the
railroad lines TO be built from the loan are
to be pledged as security.
The proceeds OF the loan are to he used
in extinsuishing the deficits Of recent bud
gets. for the construction of railroads and
other public works and TO provide for the
retirement of the present force circulation
Of one and two drachma paper currency. in
accordance with a convention OF the Latin
Union ratified in Marcn 1893.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-04-01

Erpects to Meet Wr. RoOsereft
Silent on Politics.

Conenhagen, March 31.-Cffrord Finchot.
the former Chief Forester of the United
States arrived here tonight. He Is guest
at the British Legation. where he is visiting
his sister. Lady tombstone wife of Sir Alan
tombstone. the British Minister 20 Denmark.
Mr.. Pinchot refused to discuss politics,
but he informed a correspondent that ne
intended TO study Danish agriculture. es-
pecially the cooperation system and the
Danish forest administration. He admitted
that he expected TO meet Mr.. Roosevelt
either in Copenhagen or London, but he was
silent when asked whether he had been
summoned to q conference with the ex-
President or was seeking a meeting with
Colonel Roosevelt on his own initiative, 70
discuss with him the forestry question
Hamburg. March 31.-Gifford Pinchot.
according TO other passengers on the Presi-
dent Grant landed here yesterday. He
remained here over night. and started this
morning for Copenhagen.
on embarking at New York Mr.. PiHchot
was listed as Gaylord Smith" in order
that he might avoid reporters. but after
being out of New York Harbor he made no
freely with other passengers.
II was said yesterday in this city by a
person close to Mr. Pinchot that he had
not been summoned to meet Mr. Roosevelt
ceive1 messages from him on his arrival
at Cherhourg. and again from Frankfor;
on his way TO Copenhagen.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-04-01
NEU OPTION BILL.
To Prohibit Future Trading on
Cotton EXCHANGES Onlu.

Washington. March SIT Is probable
that there will be a new cotton snti-option
bill, likewise TO be known as the Scott Dill,
TO cover amendments to the original meas
ure introduced by Chairman Scott of the
House Committee on Agriculture, prohibit
ing transactions in futures in commercial
markets
It is practically settled so far as the Subj
Committee on Agriculture Is concerned,
that the grain exchanges will not be
affected by the proposed legislation, the
subcommittee taking the ground that there
is no sentiment in the West for such eli1nl-
nation of the grain futures as In the case
of the cotton exchanges. and that the grain
exchange representatives who testified be
fore the committee made a much better
showing than the cotton exchange ofhcials
presented
There was no final action at this after
moons session Of the subcommittee, but II
is probable that BY Saturday morning a
bill will be ready for submission designed
to stop efectualy future dealings on the
cotton exchanges. The full COMMITTEES viii
not meet until the middle Of next week.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-04-01
NO MAXIMUM RATES
{ canadians Igrcc 10 Further
Conference en- " dsiiRgton.

Washington. March ~ President Tnft
having hosn satisfied tnat no country IN
tha world is discriminating against the
i nited states En the tariff schedules. the
Trrasurv department to day Informed coll
Do. t"f~ q customs that the maximum rates
~ tho Payne. Aldrich law are not 20 be
applied o. ans imports. on the contrary,
they were instructed that the minimum
rates ROW applied are to remain in force.
Had the maximum rates been imposed
against any nation they would have gone
INTO operation tomorrow.
The House to-day disagreed 20 the Senate
amendment 20 the diplomatic and consular
appropriation bIll. increasing by $4,000 the
appropriation for extending trade relations
of the United States. This IL Is feared.
VII affect the state Departments proposed
trade conference with Tanada.
Ia explanation Of the fact that no men
ton is made BY the tariff officers ~ the
government in their published statement as
te what was done in regard - the importa-
ton from Canada or pulp and pulp woods.
II was said to-day that this question could
not properly enter into the present agree
ment. a. the only matters involved had TO
do with discrimination against American
goods. The statement was made. however.
that tho Province OF Quebec had not Yet
prohibited the expectation or pulp woods.
but lad put n stumpage tax of % cents
cord on such wood IL worked up in Canada
and - cents a cord additional II exported.
The United States It was explained, could
meet that tax by imposing a countervailing
duty under its present laws.
While there has been n agitation through
out the Dominion in favor OF placing further
on the expectation of pulp
wood the government has not taken such
action. and the probabilities are that 1t VIII
not The whole question relates to the
action by the different provinces OF Canada
They have full control of their own crown
lands and can enact such measures as they
may see At.
The tariff officers OF the government, de-
clined TO discuss the probability OF the
negotiation OF a reciprocity treaty with
Canada. but there seems TO be good rea-
son to believe that q proposition 10 that
effect is receiving serious consideration by
both governments. and II Is assumed that
should such a treaty be negotiated the
question Of pulp and pulp woods viii figure
in it.
OTTAWA. Ont. March s1.-while the time
and the place are yet to be definitely fixed,
there will soon be a conference on better
trade relations between Canada and the
United States. according to statement
made at the Prime Minister'S Office to-day.
1t IL probable that the meeting will be
held in Washington in May and that
President Taft, Sir Wilfrid Laurier and
W. 6 Fielding. Minister of Finance. who
has conducted the recent tariff negotiations
for Canada, will take part in it.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-04-01

Washington. March 3l.-A resolution
which will probably form the basis for the
next important change IN the rules OF the
Houre was discussed at some length tn'S
afternoon BY Representative Swagar Sher-
1ey Of Kentucky. in the general debate IN
he naval appropriation bill. The resolution
ia intended 10 afford The machinery by
which any member Of the House can move
10 discharge a committee from the consic-
Grafton OF a measure and bring II before
tho House. 1t creates rules calendar N
be called up on the second Thursday OF eacn
month
In order that member may have his
resolution 20 discharge committee placed
on shfs calendar he must have served notice
In writing six days in advance OF the rules
THURSDAY. When that day comes the
Speaker. under the Sheriey resolution. mus.
recognize the member who has presented
the first resolution on the rules calendar
Before the resolution can be taken UP IL
must be seconded by a majority OF the
House. and IL this is obtained the Tesou-
tion becomes privileged In this way Mr.
Sherley. who is not I'm sympathy with the
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-04-01
CUBA HOLDS UP CONTRACTS
Work on Sanitary Improvements Seri-
ously Delayed.

Washington. March 31.-The action OF
the Cuban government in holding up the
sanitation contracts entered into with
American firms is giving rise TO good
deal of embarrassment.
1t seems that the United States govern
ment. acting under its treaty rights, in
measure, to supervise the installation of
sanitary works, had suggested that a few
changes be made in the method of carry
ing out the work. These were made en-
tirely in the interests of better sanitation
The Cuban government, however. is offer
ing objections which are not regarded here
as valid. and in the meantime the prose-
cutfon of the much needed work IS being
seriously hammered.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-04-01
MR.. TAFT DANCES AGAIN.
Sustains His Reputation at Naval
Charity Ball

Washington, March 31.-President Taft
sustained his reputation as Il dancer last
night. He was a guest at the charity ball
OF the Navy Relief Society at the navy
ward Secretary Meyer received the Presi-
dent on his arrival at the yard and es-
corted him TO mis- automobile when he de-
parted 4 feature of the occasion was an
exhibition drill by sailors.
President Taft danced only once and for
few minutes, his sisteT-in-law, Mrs.
Louis More, being his partner.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-04-01

bill amending the common carriers La
blity law. but no conclusion was reached.
Senator Hale expressed the opinion that
the existing law was invasion OF state
control. Mr.. Bailey argued that r. the
present tendency should he followed the
time soon would come when the federal
government would control all matters CON
nected with the railroads. whether state or
interstate He deprecated such a course
and said he would lose no opportunity 10
press for the repeal of the law.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1910-04-01

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T., o-..-5,,- Mr. Foot took nm Section :.
relating n traffic agreements, which. he
said, embodied A change in existing. law
i-1perstively demanded, and in itself gave
oonseqU' nc" and dignity I" the measure
r which formed part ne chahse
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opposed To the substance OF the 'iaIlse'
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NJ Root then took up Section ., 1evot-
ing MS discussion 10 the second paragra ph,
which confers on the commission the power
70 suspend changes IN rates, pending a hear
ing on Tire proprietv OF tie changes for not
- exceed sixty days beyond tie time when
TIE proposed changes would otherwise "a
into effect. Senators Tummns and CIapu
took the position that the limitation as 20
tine WOULD nuIlify tie object sought TO he
.--or7Dl-sbnd M. Roor - Led .t.-e-,tio., -