Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1910-09-02
Scraps and facts.


son of l9O7-0S. Last year the con-
sumption of cotton in the south was
the largest ever recorded, whlle III
l9O7-OS the business of the mills was
materially restricted by the panic.
Secretary Hester is now engaged on
details of the statement nciudlng
port movements. exports ana the
worlds consumption of American
cotton which will be promulgated in
n few days.
- Washington, August 81: That
there is a hitch with the banks over
the American bills of lading which
NAV seriously affect this years snip
ment OF cotton to England has been
called TO the attention of the treas
urv department. The department has
been advised that the British banks
have announced that they Will re-
fuse to accept bills of lading for cot
ton from the United States unless the
hills are guaranteed by American
banks. 1t is explained tmat this step
has been brought about by the recent
heavy losses in financial circles IN
England as a result OF the lrauu
growing out of the tallure Oh 'ne
Knight-Yancey Co. of Decatur Ala
With a view of bringing about a bet
fer and more satisfactory adjustment
and to prevent any curtailment OF the
cotton shipment. a number OF Amerl-
can bankers. principally from New
York. will go to London this rail- 10
confer with English bankers.
birmingham Age Herald: The
canital of the national banks IN the
south increased in the last ten years
1O4 per cent. In Alabama the asgre
gate resources of these banks was but
s19.O55,3S1 in 1900; now the national
hanks of this state have resources
that aggregate s55,O14.14I Their re-
sources have been nearly trehled. Inc
individual deposits have been more
than doubled i'm this state IN the lV-
year period The figures of southern
foreign trade are also promising. The
eyports at Mobile aggregated in the
last fiscal year $27.526.245 as COM
pared with s27.369,714 i'm the previous
wear, New Orleans and Galveston
hoth lost some values in exports be-
cause of a small cotton crop. but Mo-
bile did not. In exports Mobile is out
ranked i'm the cotton states ny 'Tai-
weston. New Orleans and savannah
only. Galveston and New Orleans are
nutranked in value of exports ny New
York only The value of imports IS
gaining in the south. especially at
New Orleans In the last fiscal year
value to s55.712.027. This is very
craditable aggregate. and 1t points 10
still greater figures when the Panama
canal is completed.
In an address at Denver. Col,
Tuesday. Mr. Roosevelt. on the sub
iect of newspapers. said: II speak
of the man who writes in the daily
press. I will go with you to the last
point in condemning the man VINO. IN
the public press, writes an untrutn
if YOU will go with me TO the last
point of demanding equal condemna-
ton of the legislator who acts crook
edly. I speak Of the men who write
i'm the public press and the maga-
zines: I speak of the polltlclanS on
the stump Judge men not by the
class TO which they belong. but by
their conduct as individual citizens.
The only man who. I think. is lit
tie more useful than the wise ana
honest public official is the wise ana
honest man of the press, and the only
man who. l think. is little more
contemptible than a dishonest pubhc
official is the untruthful and dishonest
man of the public press. l ask you
to stand by the official who is honesl'
I ask you to stand by the newspaper
man and magazine writer who is
L
I ask YOU to stand against the ofhcia'
who is dishonest and his equally base
brother of the press who falsely ac-
cuses honest men of dishonesty.
The recent bids by home and for
eign concerns for furnishing the Pan
anna canal commission with certain
machinery needed in the work of eX-
cavation along the Charges river In
Panama furnish an interesting exam
ple of the determination OF the supply
companies to make all the money out
of the canal that they can. The con-
gressional act governing the work OF
building the Panama canal PROVIDES
that as far as possible all supplies Tor
that work shall be purchased IN the
United States. although the president
is given authority to buy supplies
abroad if he deems such step neces-
sary. A short time ago bids were
opened by the Panama engineers Tor
a large steel shovel of the most mod
ern type to be operated by machinery
and to he capable of vastly accelerat-
ing the work A number of firms, To-
cal and foreign, made bids. The low
est bid presented 10y an American firm
was $690.000: the lowest bid of all was
from a Scotch firm of standing. S24O,-
600 President Taft ordered all the
and unreasonable" and the machinery
was purchased from the Scotch house.
One interesting feature is that the
American firm i'm question frequently
underbids the Scotch firm in question
for work upon the English market. In
this matter there appeared To have
been an agreement between American
manufacturers To keep the prices up
under the idea that work would stay
i'm this country in compliance with the
congressional act, giving preference to
American firms.
- Charlotte. August 81: Quite a SEN
Sation was sprung in Newton yeSter-
day when David j. Carpenter, prom
inent citizen and one of the directors
of the North Carolina railroad, learn
ed that a warrant had been issued
against him, charging completely in
the burning of one of the warehouses
of the Newton Hosiery company, Sev-
cral months ago, and he placed him
self in the custody of an officer. His
bond was fixed at $1,000, which he
readily gave. and the hearing is set
for September 13. The warrant was
issued upon the direction of the state
insurance department. Some weeks
ago John RAIDER, then living in this
city, was arrested on the strength of
all dlltStu COllltSSl''ll Ill W NIllNll LN
stated that Mr.. Carpenter hired him
to burn the warehouse. Ever since
the fire there has been an undercurrcnt
of comment and since the arrest of
RAIDER interest has been keen. Had
the warehouse burned entirely it is
probable that the entire mill property,
consisting of several buildings. would
have been destroyed. Sine" the fire
the property has passed from his con-
troll To the ownership of Il new firm
by Virtu" of mortgage held 10y the
StateSville Loan * Trust company.
and others who held papers ON the
mill. 1t will he put in operation Sep
temher u, 10y the Fidelity Hosiery
Mills company. The friends of Mr..
Carpenter state that the mill was not
as heavily insured as it has been
charged and that there was only $3O,-
600 carried on everything and that the
insurance policies wcr" made To the
holders of the bonds, and had the mill
been completely destroyed. Mr.. Car
pentcr would not have received a cent.
Mr.. Carpenters prominence lends in
tcrcSt to the case and il will hc watch