davidaulloa/AmericanStories huggingface dataset:
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1916-12-23

Is kept in warehouses;. and the mills
cannot spin futures-they need the
real article. Bear that fact in mind
and do not be influenced by the antics
of the New York cotton exchange to
imagine that it has lost 2 or 3 cents
in value within ten days. If the mills
could afford to pay more than twenty
cents for cotton two weeks ago they
will be able to pay twenty cents or
more next month or the month az.
ter. An estimated increase of two
hundred thousand bales in the total
prospective crop could not knock two
to three cents from the value OF
cotton. Mills that bought..t1venty
cent cotton a month ago aHs&S still
selling cotton goods on a twenty cent
basis and they will continue to sell on
that basis until another big crop Is
produced to make the supply exceed
the immediate demand.
Those who own cotton occupy an
advantageous position and should
make the most Of it. although they
have to play a waiting game and must
taks some risks, for, of course, there is
a risk In every waiting game.
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1916-12-23
ROBERT e.

The death Of Robert E. Gonzales, of
the Columbia State, at the age of %.
Is a loss to journalism and to South
Carolina. The striking individuality
Of his work as a paragrapher and its
uniform excellence had Won him q
national reputation and his future was
bright with promise. All who read
The State are saddened by his death
for they had come to look to his col
umn for a daily portion of wit. wis
dom and good natured satire. He
was cut off in the flower of youth
with his life work only 1T it's begin
ming, but he had accomplished rnuch
already and what he did was so we'll
done that he had made his mark up
on journalism in South Carolina. His
influence and inspiration will not soon
be effaced.
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1916-12-23
THE VALUE OF COTTON.

The violent fi~uctuation OF cotton
futures during the past few weeks Is
a purely speculative performance. the
result OF calculated manipulation by
those who find an active and re-
active market profitable.
The short crop. the constantly grow
Ing demand for cotton. with con-
sumption by mills each month show
Ing a gain over previous months and
previous years. forced the price
steadily upward from the compare
lively low level Of last year to a
point where cotton was selling OH the
open market at something approxi-
mating Its real value. in comparison
with p-rices-current Of other sta pie
commodities-wheat. corn, coal, steel,
iron. leather. packing house products,
etc.
The immediate and prospective de-
mand was so great. and the supply SO
short. that the market got beyond
the control Of the professional traders
n price-fixers of the future markc.
n the price advanced from the
prlce-level to which the traders future
thought II should be limited 20
within measurable distance of it's
real worth to the manufacturers who
buy and sell real cotton.
There was eager and sustained
composition In the spot market for
all the cotton that came into sight
below twenty cents. for the mills,
with an ever widening market for the
manufactured product at any price
fixed by them. were making every eff
fort TO secure supplies OF cotton to
their bona fide contracts for fu-
ture delivery OF cotton goods.
The mills have been running full
time. overtime and with double
shifts Of hands for months. and still
this output has not kept pace with
the demand and they are sold months
ahead. They have sold goods for III
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1916-12-23
TO LANDS.
United States Engineer Engaged In
Making Survey of Big Drainage Dis.
trict OH Black River.

Salem, Black River, Dec. 19.-S. w.
FrescOln. drainage engineer of the
United States department Of agricul-
ture, is making a survey of the Black
river drainage district comprising the
Dabbs- Mcbride lands of about 5000
acres. Other thousands of acres to
the south and north of this tract may
be surveyed later. This tract occu-
pies a table land between the waters
OF Black river and Pudding swamp
that will make it easy to drain; as
much as 16 foot fall being found to
the mile in parts of the tract. The
Sumter and Turbeville railroad will,
when built. traverse these lands from
east to west, a distance of seven miles.
Part Of the development scheme is to
lay out new public roads, one of which
will he the main road from Sumter to
the growing town Of T%urbeville in
eastern Clarendon county, which will
shorten the distance between the two
places five or six miles, and then to
offer tract of so to 200 acres 'front.'
ing these main roads to Turbeville and
Shiloh from Sumter to white settlers.
The ShilOh-Trinity road was located
and built two years ago and is q popu-
lar route for automobiles from Flor
ence to Sumter.
Whom the survey is completed "a
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1916-12-23

nails and bitches staked out, maps
and excavations calculated. construc-
ton will begin, probably about
March 1.
Hartman Gamble has bought the
S. ID. McElveen place on Pudding
swamp and will move there January 1
s. j. Blackwell will move from Col.
r. M. COOper's Dick" plantation jan
uary l to the Thompson place near
Dalzell.
ID. w. Goodman will take Mr.. Black
wells place on the "Dick" planta-
ton.
A. j. Pringle has leased the Me-
Bride winter place farm.
&The Misses Warren will move from
n Mcbride winter place to the Nc
Bride summer place on January l..
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1916-12-23

w VS*~sB""Is @iu %uAlHtuA.
euhssAsd Wednesday aud Saturday.
--By-
0oxIEEN PUnEN1y0 COMPANY.
oU1CIDR. q G.
o1Se ~ aanum-in advssoa.
AAvWsaosmanAu;
Do oguAss Ara Insertion. .,..Sl.oe
ovssy S~uhoeousnt Insertion. =. so
osatsscts Tor three mouths. or
soogsf vrl - made q reduced rates,
Al ss1munieauons Which rub
eesvs psivsts tatssssts yin b CHARGED
~ - s1vsstiDsnsstA
oS1tuAssso end tributes of rsspsc,
IN % sAarssd see.
H. oomtsr WatShman was found.
= - 1eSe anA The True eouthron In
eeee. xAs Wstehnsn ana s~outlron
~ Aas Ne sonbsnsd circulation and
oonAsso - both % The old paper,
~ = ossiesstiy ths bsst sAvsruans
ooGDuo n Sumter.
The deficit OF the National Demo-
cratic campaign fund has not been
made mp and contributions are still
being called for. Mr.. Daniel c.
Hopper. of this state. formerly assist
ant postmaster general. and q mem
Der Of the National Democratic Cam
paign Committee. has appealed to the
South Carolina members of
10 raise $1,000. the balance of the
amount apportioned to South Caro-
lima. before February 18th, so that
the debt Of the Democratic party ma
be paid In full before President VIII
mn b reinaugurated on March 4th.
Each Of the sever congressman is
asked to raise $1,000 In his district.
Mr.. Lever has sent q copy Of Mi.
Roper's letter to each newspaper I'm
the Seventh district with his endorse
ment Of the appeal to loyal Demo-
Gratis to do their part to assist I'M
promptly wiping out the campaign
debt of their party. The appeal ia pass
"a on and put up to the individual
Democrats. The debt h dae. It was
contracted for the legitimate neoes-
ary expenses Of the campaign to re-
elect President Wilson, and II should
be paid. Every Democrat who be-
lieves In the policies Of his party and
voted for woodrow Wilson owes 81
part OF II. II should not be dinicult to
raiss $1,000 In the Seventh district
n would be easily and quickly raj sed
10 every Democrat. who Ii able to
contribute 81 OF IS without missing
n. would make his contriburion
promI4ly, Contributions are still. be-
s 7Bsss pst hasAsscr l1aS usgRs5
VINO wish 10 mako contributions may
send their checks to either place.
Higa prices Of the necessities OF life
cause considerable financial distt css,
but the primary and principal cause
Of the unusual complaint Of hard
times and the high cost Of living is
the effort OF the family whose income
ID. say, $1,000 a year. TO live as well.
or. perhaps. a little better, and to
have ell the comforts and luxuries and
comforts Of life that their friends and
neighbors Of twice that income enjoy
and display. Living beyond ones
means. lack OF thrift and needless
waste In numberless ways are the
things that cause high prices to
pinch so hard. The cost Of high liv-
ing ard careless waste causes more
anxiety and distress In the majority of
The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1916-12-23

In these circumstances, why should
o who are holding cotton be-
come weakened INC panicky? Mon
ey Is plentiful. cotton in a warehouse
is g~ilt-edge collateral, and, thanks to
the Regional Reserve Banking Sys-
tenn. interest Is low; which conditions
render the South independent of the
Wall Street banking trust that once
blocked every attempt to finance and
valorize the cotton crop Tor the bene-
fit of the South and the producers Of
cotton.
IL the demand for cotton goods was
slack or uncertain. If the mills were
shut down or running without orders,
then there would be cause for appre-
tension. But the crop Is short, the
demand great. the mills have sold
their output for months ahead, and
they nave got to have all the cotton
there Is at some price. SO why not
hold fast to the unsold cotton and
exact u price approximating its real
value, i'm comparison with the prices
current OF other staple commodities
and necessities? Let the future mar
ket ~skyrOcket up and down as much
and for as long n time as it may
please the future market traders TO
continue the performance. That car
not effect real cotton. 80 long as il
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-29
THE COST OF BUILDING
PLANS THAT ARE FREE
Prospective Builder Does Not
Get Something for Nothing

The man who has several sets OF
sketches made for his proposed build
ing on the frank statement that the
plans which seem to suit his needs best
will be selected has not received some
thing for nothing, says Noble Foster
Hoggson. This form OF competition Is
unethcal, yet the evil of free plans"
hourishes. -,
Free plans are not Free" adds Mr.
Hoggson. when the successful archi-
tect in this little competition was
awarded the commission, the owner as
sumed the cost that all of the losers
had been put 10. How? Because
through the practice of competition the
successful architect in this competition
is possibly the unsuccessful member in
many other competitions. In other
words, the architect receives only one
contract in several attempts. IL costs
him Just as much TO prepare the draw
ings for each of the unsuccessful at
tempts as it cost to prepare the draw
ings for which he is paid. Therefore
the order he obtains must bear the cost
of those he does not get. The owner
in the building operation the architect
secures pays a proportlonate cost Of all
the JOBS upon which the architect has
wasted his energy
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-29

twelve stories, the height from curb TO
roof being 1873 feet. II is being built
after plans by Walter Haefeli for use
as an automobile service station. An
elaborate system Of gasolene supply Is
to be installed, by which It vii! be
possible for a tenant on any floor TO
get his gasolene supply in small or
large quantities by simply turning on
a valve. A meter is 70 be installed
gauging the supply on each floor
Negotiations are already pending for
the leasing OF more than half OF tie
floors TO responsible tenants. The
frontage will be las feet and the depth
1905 feet.
In order 10 accommodate The auto
mobile business the building will BE-
constructed so as to afford an excep-
tionally high clearage and unoo-
structed daylight The spans will BE-
unusually long. There are 70 be three
high speed elevators at the rear OF the
building. These elevators will be
reached through a large central
passageway. Besides the automobiie
elevators there are to be one freight
and two passenger elevators.
The building is designed TO embody
the latest improvements in TINS type
of building, and it complies with the
full text Of the law as well as the
shirt of the latest rules and regula-
lions of the Labor Department, frs
DEPARTMENT and the various bureaus o:
he citv government The front is OF
granite. limestone, brick and terra
Gotta.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-29
SUGGESTS NEW
FEE SCHEDULE
M. Morgenthau, Jr., Says
Brokers Be Paid for
All Work Done

At the recent convention Of the Real
Estate Association, State of New York,
NJ. Morgenthau, Jr., suggested new
method of handling the real estate
brokerage business. He said the realty
brokerage business, as conducted to-
day, was not profitable, and brokers
should be paid regular fee for their
time, whether they succeed in selling
the property or not Or they should
be employed by owners on a contin-
gent basis, getting commission
whether or not they sell the property;
provided, however. that the property is
sold in the time specified.
"Mr. August Heckscher. who is one
Of our largest operators in New York
CITY and lust recently bought the Man
haitian Hotel, on Forty-second street,
for several million dollars, wrote to
me-" added Mr.. Morgenthau, when he
saw our programme, and said: AS
to brokerage charge, my conclusion. as
the result Of some experience IS, that
the charges made are IN all cases sum
cient and in some cases excessive" /
wrote back to him and told him, that
/ didn't think he understood the sit
uation. He has been dealing in prop
critics running into the millions, and it
seems to him as though he is paying
a ridiculous commission when he pays
$4,000 TO a broker for going across the
street and getting a contract signed
for a $4,000, 900 deal He iorgets that
the average deal is probably for $4,000
or $4,000 and that the BROKER prob
ably spends about $500 worth Of time
energy and shoe leather in making that
Si50
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-29
$4,000
MONTCLAIR
SILK CENTRE FORMING
ALONG MADISON AVE.
w. Stursberg, Schell & Co. Join
the COLONY
NEW JERsEf.

The Lotion H. Slawson Company has
leased for the Arm of Leo..-rd j. Car
penter the store and basement in the
new Remson Building, at the south
west corner of Madison av and sd
ST., for a long term of yesrs. to ".
Stursberg, Schell & Co.. factors OF the
Egypt Silk Mills Corporation, OF Egypt,
Penn, manufacturers of Pyramid silks.
The corporation has had a New York
office for some time on 4th ay. TINS
lease marks an important step In the
location of the silk industry along
Madison av, below 93d St, move
which was givsn considerable impetus
when the Susquehanns Silk Mills de-
cided to erect their own building at
Madison av. and 3lst st.
The company in question will take
possession OF the new premises upon
completion, on or about the first OF
the year.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-29
ENGLISH FIRM TAKES
57TH STREET HOUSE
Gill & Reigate TO Occupy DWELL
ing Under Long Lease

Gill e. Reigate, Ltd, dealers in an
tique furniture, who occupy three acres
of ground floor space in Oxford ST., in
the West End of London, known as
the historic Soho Galleries, have just
taken a lease Of 81 East 9th ST., a
four story and basement dwelling.
The lease, which is for term of ten
years, was negotiated through Man
ming & Trunk as brokers. Messrs.
Evarts. Sherman & Choate represented
the landlord, the Matthias Rock Es-
tate. and Cravath & Henderson repre-
scented the tenants. Extensive altera-
lions are to be made by the tenants,
who now have their New York branch
at rs East 57th st. They expect to
occupy their new gallery in the early
spring.
This is the fourth lease made re-
Gently in 57th ST. between Madison
and Park avs, emphasizing the rapid
transition of the block from a resi-
Dental to a business centre, the White
Company having acquired
the northwest corner Of Park av., the
Hayden Company the southwest corner
and Graham & Little the building SO
East 57th st.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-29
MILLINERY TRADE NOT
LEAVING BROADWAY
R. S. Stern Company Gets Store
at 30th Street

The Cross e. Brown Company has
leased the store and basement at 1924
Broadway, together with the large
store and basement, for the Wallaeh
Construction Company, at 29-3l-35
West Both st. The Broadway store IS
part of the old Wallack Theatre, which
has been rebuilt for mercantile pur-
poses, and the 3Oth st. store IS the
lower floor in the twelve story build
ing recently built by the Wallech Con-
struction Company. The new lessee is
the r. S. Stern Company, millinery
dealers.
"The removal of the r. S. Stern Com
pany to the Broadway and 30th St
neigh borhood is a strong indication
that the attempt to get the millinery
trade to locate on 7th av. is not
seriously regarded by the large con-
Germs" says a real estate broker in
commenting on this lease.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-29

feel the effects Of business boom. has
already shown indications that past his
tory will repeat itself Its advance will
be last, but not least
A fairly adequate barometer Of real
estate condition is the record of build
ing plans filed in the Bureau Of Build
ings. In the first six months Of 1916,
in the Borough Of Manhattan, plans
TO the amount Of S63,O11 ,23O were fled,
as compared with S44,720,Ol0 for the
first six months of 1915, and S33,A5O,-
POI for the first six months Of 1914.
On July 26 last the Board Of Esti-
mate, in the passage of the resolution
known as the coming" resolution,
enacted one of the most important
measures affecting real estate which
has ever been put into effect in New
York City.
This resolution restricts not only
the use 10 which the various parcels
of real estate may be put, but also the
various heights 10 which buildings
may be erected. One of the curious
effects of the anticipated passage OF
this resolution was the filing Of an
extraordinarily large number of plans
for new buildings. Plans to the amount
Of over $44,000,000 were filed in the
Borough Of Manhattan in the month
of July, before the resolution was
passed This amount was almost equal
TO the amount filed in the entire year
1914. In three days during July plans
to the amount Of S34,000,O00 were filed.
Stability Under New Law
,.oco1,,4fon ,v;11 -,
opinion, greatly benefit all property
the character of the various neighbor-
hoods and sections Of the city. It will
now be impossible for unprincipled OPP
orators 10 spoil our high-class resi-
Dental neighborhoods by the erection
of a garage, factory or other objection
able building. II will promote stabil-
ity Of values and will encourage the To-
cation Of similar kinds Of business in
the same section.
| have always been firm believer
in New York real estate. There is none
better in the world. Property
complain Of the high rate Of taxation.
but we find upon examination Of the
rates in other large cities that New
York is far from having the highest
rate This, however, is no reason
against using the strlctest business
economy in each department of our
government
The foundations for my belief in
New York City real estate as an in
vestment are: That New York has
$4,000 factories, with almost $4,000
900 600 Of capital, turning out annual
~ products valued at $4,000, 600
and employing $4,000 persons receiv-
ing $4,000. 900 annually in salaries
and wages. Few people know that one
tenth Of the manufactures Of the
United States are made in New York
City.
That it may fairly be called the
terminal Of every American railroad:
that there are 100000 persons daily
entering and departing from the city
on passenger trains; that II erects a
new building every nfty minutes; that
IL annually, az port, receives and
sends out 27000,000 tons Of freight;
that II has foreign commerce
amounting 20 $2,772, 100000 which Is
more than ~ per cent Of the coun-
try's total commerce. The constant
and steady increase in population
which in New York City has been at
the rate Of 100000 persons annually
during the last ten years, rs most
important factor. The constantly In
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-29

creasing facilities Of transportation
between the boroughs also will help
to increase values. New York is lit
orally the greatest city in the world,
with wonderful opportunities for
further development and great in
creases in real estate values in every
borough.
Really Five Great Cities
New York in reality is five great
cities. Manhattan is larger than Chi
cago. Brooklyn is larger than Phlla-
delphia, The Bronx is as large as De-
troit, Queens is larger than Minneap-
oils and Richmond is larger than Salt
Lake City.
Real estate men have many other
reasons to feel encouraged. The pas
sage of the Lockwood Ellenbogen bill
and the doing away with many useless
and burdensome inspections during the
last year is at least a step forward.
The activities of the various real
estate organizations in the way OF in
dustrial surveys, in attracting national
conventions 70 New York. which the
Merchants Association has been so
successfully doing; in guarding care
fully the waters and shore line OF our
harbor; in preventing discrimination
against the port, and in cooperating to
make efficient the present business ad-
ministration of the city government.
these and many other factors make
me absolutely certain that the future
of New York City is very bright; that
it will continue TO grow and prosper;
that its real estate will attract the
investor from now on with new force
in view of its stability and it's increas-
ing value.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-29
NEW HONE FOR BIG
BROKERAGE HOUSE
Albert B. Ashforth, Inc, Gets
44th Street Site for Project

The brokerage house of Albert b.
Ashforth. Inc, has purchased from the
estate Of Thomas II. O'Connor the four
story building, on lot 25xl005, at IL
East 44th ST., for about $4,000. The
property was sold through Frederick
Southack and Alwyn Ball, jr. 1t is TO
be utilized by the purchasers as site
for a six story building to be erected
for their occupancy.
This will be the second operation of
the kind undertaken by Mr.. Ashforth.
About seven years ago he erected the
twelve story building at 10 East sd ST.,
where his firm is now housed, and sub
sequently sold that property in 1910 to
the estate of Charles A. Gardner.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-29
COHEN, GOLDMAN 8 co.
TO STAY DOWNTOWN
Shows Stand of Manufacturers
on Save New York Movement

Frederick Fox & Co. have negotiated
a new lease for the Broadway and
Fourth Street Building Company Of
seven entire floors in the twelve story
building covering the entire block front
from Broadway to Lafayette st. on 4th
St, total area comprising over 100000
net square feet The lessee Is the cor
poration Of Cohen, Goldman & Co,
Wholesale dealers in clothing. The
lease reflects the attitude of most manu-
facturers toward the Save New York
movement. This concern had planned
to move further uptown. As it is one
of the leading houses in its line, it !.
reasonable to suppose that this par
ticular trade centre will for some years
remain in the old district.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-29
BRADLEY MARTIN HOUSE
HAS A LARGE GARDEN
Well.Kept Grounds Accentuate
Beauty of Dwelling

The Bradley Martin residence, at 6
East s7th ST., which was sold last week
by William B. May s. Co, is valued
at between 100000 and 100000. It's
beautiful lines are accentuated by a
we'll kept garden, which has an area
of more than half the site, which is
76.9x1OO feet. The late Mr.. Martin,
who was a conspicuous figure in the
social circles of the city,. purchased
the land through Herbert A. Sherman
in 1901 and then erectad the dwelling.
At the southeast corner of sIth st.
and 9th av. is the new home of James
Speyer, banker, and opposite, at the
north corner, is the mansion OF Henry
Phipps.
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-29
TO SELL MIDDAGH SITE
Troops Encamped There During Battle
of Long Island

An historic property, 81 to 90 Mid
dagh St. Brooklyn, is to be offered at
voluntary sale at the Vesey st. sales
room by Joseph P. Day on November
Ia. The property is a part Of the
original Middagh farm, on which Wash
ington's troops encamped during the
Battle of Long Island. This property
has been handed down from the Mid
dagh estate which owned the property
in inn, and it has never changed hands
sincp that time