North Carolina Newspapers

1 i MONEY TO MOVE CROPS' Pure Fiction That the New York Banks Furnish It. KTHEBE THE MONEY OOMES FEOM; I The Weil Have Its Own laaaervea to Par For Farm Prod urta How the ! Annan "Tight Money" la Wall Street Cornea About Lhzbt on a ! Popalav Fallacy. I The old cry is pruceedluj,' from Wall u KlWi f (-HrVi j. y p, M to the uIter etrect that the New York banks are Miss Nllm)il, jor(oil Ilf the holtm o lhe obliged to furnistj "the moitey to move'. . , . .. ,, , , , .... , .; . i lirule s lather. lhe parlor was profuselv the crops." W hy, of course they are to 1 , , . , 1 , the amount of the money of fbe west-! '"tl un.l the ceremony was preformed era buuks they bold on deposit The b' I!l'v- C.A.Wood. The attendants were New York bunks could not refuse to,K- W. -lonlon and Miss Hattie Stuart; C. E. honor the drafts of their western cus- j Smart and Miss Itosie Joidou. After the towers as long as they had their moil- ceremony the party was conducted to the ey. But one would tbJnk to read what dinni r,"K,m where the table was loaded with the New York financial Journals say i8,1111mioml The bri(Ie is t)e ,. , . ,,,,,, ,, to move the crons until the crons could be sold ami repay them. The fact that nearly every country bank has an account with some New York bauk j princinally for the pun-' of lx?tug ! able to draw against It Business meu and commercial travelers are constant-1 ly buying exchange ou New York to remit for goods. On those deposits of the country banks In New York Interest rs paid ou balances accowling to the going rote for call louus, and wtien the country banks have surplus fruuls it pays bet ter to deposit them In New York than to hold the money In their own vaults j or safes. When harvest begins and tbe farm ers chock on their deposits In the coun try banks to pay their harvest help or have to borrow of tlie country banker for the same rnirvusc, tbeu the surplus in the country buuks lieglus to run down, and they in turn I virtu to draw against their deposits In the banks of New York, Chicago, St. Louis or any of the big money centers wljere they have deposits. When the farmers begin to Bell their wheat and other products this money movement from the money ceuters to the country Is accentuated In a great degree and millions of dollars are withdrawn from the money centers to be paid out for farm products. As this money tor crops comes back but skrw- ly through the merchants or by being deposited in tbe country banks, the prolonged drain on the money center! I.i often neote and leads to "tight mon ey" and-htgh.rate of Interest, which in some years has verged on a financial panic. The reason of this "tight money" is that the New York banks are compelled to call some of their loans made to stockbrokers and others, and these in turn are obliged to bid higher rates for loans or sell the securities to pay the loan. If any considerable number aw compelled to sell these stocks they Iuto borrowed on, of course the market price of the stocks sold is liable to de cline, according to the amount of such stock forced on tbe market This in simple terms is the yearly history of "money to move tbe crops." But sel dom is a dollar of New York money used to move wheat, unless New York exporters borrow for that purpose. There Is, however, later In the year or In the early months of the new year some money loaned to southern banks for cotton buying use, but you may be sure that the cotton warehouse receipts or other good security Is hypothecated for any loan so made. So the talk of New York banks fur nishing the money to move tbe crops Is fiction.; they are merely paying out tbe money of depositors the same as all banks must do when called upon. AIDS THE PLUNDERBUNO. aaooaevelt a DematorM on th Tariff l)HftlM Mr. Itoosevelt says It is easy to play the demagogue on tbe subject of gov ernmental control of wealth. He knows from experience. While he was a mem ber of the New York legislature in 1SSC he played the game to perfection by denouncing that "Infinitely danger ous order, the criminal rich," while be was supporting a proposition backed by Jay Gould and bis son George. Again in his famous muck rake speech he played the demagogue by proposing the confiscation of all fortunes above a certain limit He is now playing the demagogue on tbe tariff question. Lest those who read his books, writ ten while be was a free trader, should entertain any doubt as to Us fidelity to the plunder bund represented by Cannon, Daluell & Co. President Roose velt has written a letter to Representa tive James E. Watson of Indiana, hj which be says: "We stand unequivocally for a pro tective tariff." This Is tbe language of the pkinder bnnd, and no mistakA Again Mr. Roosevelt says: "The question of revising the tariff stands wholly apart from the question f dealing with the so caHed trusts." This Is also tbe language of the p kin der bund. The tariff, which Is the toot and ker nel and shelter of the trusts. Is too sa cred to be tinkered, but bocss pe antitrust measures which mesa i anything or nothing and wbfeb may be enforced or sot, ae Mr. Roosevelt sees at, are all right. Th snir Bulng Secretary Loeb seems to bar become popular among the women, bat perhaps it Is just to get their names In . auI the newspapers. The men are Mother racket by subscribing a dollar to the Republican campaign fond. The j lily season, however, will soon bt FRANKLINVILLE NEWS. Irttty Home Veddiiitr The movements of People. Mrs. J. H. Keuti'iss ami her daughter, little Ollie mid Mrs. Elia Stewart are visit ing relatives at Ili'h Point this week. The Friiuklinville school hoys and the Part X I'oarfs schoi'l hoys crossed hats tin- iliamond at this .place Friday evening and at the last iiniinu the score stood 37 to '.) in favor of Franklinville. One of the prettiest weddings took place in our city Sunday evening that hjs heeu witnessed here for some time when Mr. V. beautiful anil aceonipl ied daughter of I!ev. """ "u groom is "!iof Mr. .M. Ferree. They will make their home at Ctiiy. It. F. D., where Mr. Free has a Ksiiion withtheSealiordAirl.ine Kailrond Tl.iy have many friends here who wish for them a long anil happv life, - " tixire futility V'tcs i The Bkiilc. Mr. II. W. Pleasants left Satur day evening for Lhurlotte, where he luis accepted u position as book keener and salesman for W. G. Thompson & Co., wholesale ami re-1 tal! shoe dealeis Mr. T. M. Snyder, of Pittsburg, I'a., has purchased a tract of land near the depot at Lemon Springs and will build shortly and move his family to this place. A telegram was received at Car thage by Hon. James D. Mclver an nouncing the death of his brother, lion A. W. Mclver at his home at Caldwell, Texas. Judge ilclver was a prominent citizen of his adopt ed state, having for many years been on the Bench. The Fox hunters of Sanford had a fine race near Lemon Springs one morning last week and canght a fox. Mr. J. C. Vandegrift. a Virginian who had been for some eighteen month's runnirjg an extensive lum ber business nar Center Church, died in the hospital at Sanford last Saturday, and was buried at Buffalo Sunday. Mr. A. R. High of Raleigh is agent of the R. & C. R.R. at Car thage; having taken charge last week The meeting at Doub's Chapel, postponed in August on account of excessive rains, is to be held the last of October, beginning with the regular appointment on the fourth Sunday. The pastor is to be assisted by Rev. J. W. Hoyle Mr. J. F. Burns, a well known and prosperous citizen, of Sheffield, township, died Friday night after a long decline in health. The Vicious Critic, Editor Archibald Johnson always writes entertainingly in Charity and Children, and we read closely his editorial matt r each week. In the issue of the 19th the Thomasville editor has something to say of ci itics. We reproduce a paragraph from his observations that is worth reading. It follows: "We cannot conceive a worse fate that cau befall a young man than to become the willing slave of his own prejudice, and we beseech all the youth who honor us by reading these pages, that thev cultivate the c pi l ie oi neiptuinesa to others and geek to sweeten life's cup rather than embitter it. Notice the vicious crit ic wherever you will, and vou will find a man or woman unlovely and unpopular, lie may telicitate mm eelf on his courage and candor, when in fact he is neither candid tor courageous, hut only mean; and leanness is easy to cultivate. Hap py the young man who determines to see the good rather thai the bad in his fellows, and when he feels it his duty to rebuke and reprove, that he do so for tbe purpose of saving rather than destroying the object of hia criticism." Nothing remains to be added to this plea and rebuke. Every line is worth bearing in mind. Will Hang In Guilford. Frank Bohannou, the murderer of E. E. Beacham, near Jams town a few weeks ago, was convicted of murder is tbe first degree at Greens boro last week. On f riday he was sentenced by Judge Long to hang October 25, between the hours of 10 m nd 3 P- m- Kiaer Crutchfield, an accomplice. was sentenced to life imprisonment. Editorial Opinions. It ii said that Hon. Marion Bnt ler now makes from sixty to seventy Se thousand dollars for lobbying in Washington City for the great corporations which be ueed to have ba dreams about, lest tney would ruin this country. Catawba Coun ty News. Our Big Clubbing Offer. by special arrangement with th Southern Agriculturist, the popu lar semi-monthly farm paper ef Nashville Tenn, we are able to give our readers the advantage of a club biug offer which we believe is the most liberal ever made by any news paper m the south In the drst place, we will send the Southern Agriculturist a whol year free to any new or old subscrib er who pays us for a years subscnp tion to our own paper This great semi-monthly farm pti per goes twice every mouth into 50, 000 southern homes, and the regu lar price is 50 cents per year. It is edited by southern meu and women to suit southern conditions, and is iust what our farmers need. It answers free of charge any question a subscriber may ask, and its advice is given iu a plain practical way which auy farmer cau understand AH departments ot farm lite a:e covered, including delightful home atid childreu s pages, sample cop ies free at our office. HERE IS OCR BIO ALL-SOl'THEKN BARGAIN". (The Courier) $1.00 Southern Ajrriculturisr. .50 Nashville Weekly American .50 Inland Poultry Journal .50 Southern Fruit Grower .50 Total regular price 3.00 We will send you all live of the papers a whole year for only $1.50 These papers are all southern publications and each is a leader in its particular field. Order this club and you will get a big year's reading at nominal cost. Address The Courier, Asheboro, N. C. He Hud n Political Pie. Marion Butler, the traitor of South Dakota bond fame, tells the Washington Post that Bryan 8 crowds in North Caiohna were "disappointing", and his speeches "failed to awaken any responsive chord, Lhere isn t a decent He- publican'in the Stase who does not know that the above declaration is false. The Butler type of politician feels no "responsive chord to any speak er unless he has some offices to dis tribute. Their whole creed is thus given by Horace Biglow: "Tin not by principles nor men My onward course is steadied, I scent what pavs the Iiest And goes for it bald headed." News and Olvaerver. Correspondents shoul i mail their letters for publication so that they will reach Asheboro not later than Tuesday morning. This will insure its insertion and better service to both correspondent and readers This is a very necessary department m a county paper and the Courier boasts of the best corps of cor respondents in the tite. The let ters are appreciated by both our readers and the Editor. To Curb Mischievous Boys. " J. G. Ahem, special agent of the Southern at Greensboro, has recent ly given out a newspaper interview, in which he pleads for laws that will suppress the pranks of boys who playfully obstruct the roads. The class to be reached is between eight and ntteeu years, lie believes teat hundreds of lives are in danger daily through little pranks done innocently. He iecommends a law reaching this class and a reforma tory to care for them. He does not think the penitentiary or county roads is the place to correct the evil. Women as Weil as Men Are lads Miserable bj Krdnej anil Bladder Trouble. Kidney trouble preys upon the mind; cHscouragesandlessensambition; beauty, vigor and cheerful ness soon disappear when the kidneys are out of order or dis eased. Kidney trouble has become so prevalent that it is not uncom mon for a child to be born afflicted with weak kidneys. If the child urinate toooften, if the urine scalds the flesh, or if, when the child reaches an age when it should be able to - rol the passage, it is yet afflicted w -wetting, depend upon it, the car" j ue diffi culty is kidney trouble, iu. Jie first step should be towards the treatment of these important organs. This unpleasant trouble is due to a diseased condition of the kidneys and bladder and npt to a habit as most people suppose. Women as well as men are made miser, able with kidney and bladder trouble, and both need the same great remedy. The mild and the immediate effect of Swamp-Root is soon realized. It is sold by druggists, in fifty cent and one-dollar size bottles. You may have a sample bottle by mail free, also a pamphlet telling all about Swamp-Root, including many of tbe thousands of testi monial letters received from sufferers cured. In writine Dr. Kilmer & Co., Binehamton, X. V., be sure and mention this paper. Don't make any mistake, but remember the name, Swamp-Root, Dr. Kilmer's SwanwRoot, and the ad dress, Binghamton, N. Y on every bot4. i !b!iing, Scabby Skin, If you hav aches ami putns In bones, duck ana it in is, Itching, So&bby rKin, mooa leaui hot. Swollen Glands, lining! and Bumps Tha (bora picture how whit BoUnlc Blood Balm will do.makingtbt blood pun and rich. Patches la 'Mouth, 3le, Corpe r.Oolorod Hpo Ulc is, all run down, era on &nT uart of body. Hair or Eyebrows falling out, tak Botanlo Blood Balm, Guaranteed to sore the worst and most deep tested cues. Heals all '.ores, stops all aohei and pains, reduces all swellings, makes blood pure and rich, changing the body Into a healthy condition. . Old Rheumatism, Catarrh, Eeisms, Scrofula are caused by Poison In the Blood. B.B.B tope Hawking and Spitting, Itching and Boratohlng; cures Rheumatism. Catarrh; For sale by Standard Drug; Company, Big Four The Best Line to Indianapolis. Peoria, Chicago, And all Points in Indiana and flichigan Information cheerfully fur nished on application. H. J. RHEIN, G P T Agt. Cincinnati, 0. Sa0jfc0aiaafaMMMaiaMAaMMaM A Fine Pole Angus Bull is located at Asheboro and is ready to serve the public during the season. Persons interested will call on or ad dress John T. Brittaln. Asheboro. N. C, The North Carolina College Of Agri culture And Mechanic Arts. Practical education in Agriculture, En gineering, industrial Chemistry, and the Textile Art. Address, PRESIDENT WIKSTOX, West Kalei;m, N. C, eSell the Earth! oooooooooooooooooo If you are interested in the proposition, in or near Asheboro, we think we can please you as to lot, prices and terms. Office m Bank B'ld'g. Armficld & Lavighlin, Real Est&te Dealers. A . I 4.000.000 Tennessee Wholesale Nurseries. June Buds a Specialty. No agents traveled, but sell direct to planters at wholesale prices. Absolutely free from dis ease and true to name. Write for catalogue and prices before placing your order elsewhere. We guarantee our stock to be true to name. Largest Peach Nursery in the World, .address J. C. HALE, Winchester. Tenn. The North State Normal and. -COURSES- literary Classical Scientific Pedagogical Three Couraea leadins to detnfw. Swoial mom fn. rut. ,.v, un. Well-Equipped Training School for Teacheat. telt books, etc.. f 170 a VMI- Fnr fma.Hiitinn beeina September 20. 196. To aoenr hoard tionaahould be mada before July 15. Correspondence invited from those deairinii compe- leni leacnera ana stenograpnera. r or catalog CHARLES Bone Pains, Swellings I all Peabi, Scales, Eruptlonf, Waten ra, by Riving pure, healthy blood to led parts, CANCER Bnpparatlnct BweUlngi, Eating Sores, Tn mors, ugly Ulcers. B.B.B. heals the sores or worst cancer perteotly. It you have a persistent Pimple, Swellings, Btlnglng Pains, take Blood Balm and they will dis appear before they develop Into Cancer. Botanlo Blood Balm IU. B. R.I la nlaaa. an t and safe to take. Thorou shir tested for 80 years. Composed ot Pure Botanlo Ingredients. Strengthens Weak Stom. for 80 years. cures Dyspepsia. Price an ri- trice i per directed. If no. wrn uvnm Kaa Direcun. 11 no. cured when right quantity la taken, money refunded. Sample Sent Free by writing mooa uaimuo.. Atlanta, na. n. scribe Vonr trouble, and aoeclal frnamam. cal advice to suit your case, also sent In sealed letter. Company and Asheboro Drug Asheboro, N. C. Fish Again in Michigan" C. H. & D. The Michigan Line Best of Service to TOLEDO DETROIT And to all the Famous Sum mer Resorts of MICHIGAN and CANADA Through Cars from Cincinnati to Charlevoix On and after June 25 BOOK OF SUMMER TOURS FREE FOR THE ASKING. W. B. Calloway, General Passenger Agent, CINCINNATI, O. W. R. NEAL, PHOTOGRAPHER AND JEWELER Randleman, N. C. Peach Trees Carolina Industrial College Ciimmerci&l Domestic Science Manual Training Music Board, laundry, tuitio, and fee for us of .lr.rl.nt. Clot Vj. ,v 1 - in tha Hnm,;u .11 and other information, addreaa D. McIVER, President Greensboro N. C. Pujiprlfie Party. a nryani. I'resicenl J- H. Cole. CashiJ &Ae Ba.uk of Randlemacn Randleman, N. C. Capital $J2.00Q. Surplus,' Accounts received nU favoralw terms. Interest puid on savinw,. posits. 6 LMicuwno; u x nartsell. A v I..11 o n XT i: mm n ' r TJ-,1 XT XT XT , -. .. " l j jjiuuoay, iMewim, 8 JirvatK H O Barker and J H Cole. s UNIVERSIT of north Carolina, 1789-1906. kn C..l. T7J. oystem. MRZ, DEPARTMENTS. Collegiate Qraduate nedicine Engineering Law , Pharmacy, Library contains 43,000 volumes. iew water works, electric lights, central heating systin. ew dormi tories, gymnas ium, Y. M. C. A. building. 622 Students 74 in Facult The Fall term Begins Sept. 10, 1905. Address Francis P. Venable, President, CHAPEL HILL, N. C O R COX, President. W J ARMFIELD, V-pw W J ARMFIELD, Jr., Cashier. The Bank of Randolph, .A.slie'bor, XT. C. Capital and Surplus, Total Assets, over $36,000.01 $150,000.(1 With ample assets, experience and protectksl we solicit the business ol the bauklug public tii feel safe in saying we are prepared aud wllliai to extend to our customer), every facility and at duuujuuiuuu wuHuteuf wiia ssie D&uicing. OIRECTOR.S1 Hugh Parka, Sr., W J Annfield.W P Wood, t Mom. C C McAUnter, K M Aniifluld. OR Coil n r Heading, ueni Momtt, Thou J Redding, 1 K Capel, A M Kankiu, Thoa H Redding, Dr 1 as burr, C J Cox. You Furnish the Bride We Furnish the Home Just receivd.nice line Parlol ana Bed Koom Suits, ouches. Upholstered Parlor Su s, Pic tures, Hall Racks, etc. We have an assortment permitting us to lurnisn the home in keep ing with any purse. We are also prepared to servl tne public as Jnineral Directors in a careful and courteous man ner. Kearns & Fox. Does Your Hat Mate Your Face? If not, wear one that does. Go to Mrs Blair's Millinery where you will find the new est and most desirable shapes for spring. More goods expected daily. Mrs. E. T. Blair, Asheboro. N. C W. W. JONES T3he Grocer can furnish you the best in sea sonable edibles. If it is for din ner, supper or breakfast consult him. Healwavs has fine flour, fresh butter, as well as varietj ot delicacies Asheboro Hotel Main Street (Near Court House.) Thoroughly renovated and Refurnit! Table (applied with tbe beat the mart". fforda. Bates Reasonable, I B. F. NEWBY, Prop, j HOUISTCR S . I flacky Kountaln Tea Nu.!; A Baay Kadiaii tot Basy '?' Brfaga Ooldsa Btelta aau Kaaewtd Tlf"' A aneelfla for Constipation. IndUrtioo.W" ( and Kidney Troubles, Pimple i3L Blood. Bad Breath, glusrartsh Bo' Hr3. i and Backache, I fa Rock y Mcmataln Tea lot form, SB oanta a box. QbuIbs aoujana vase manvv, am-. , s 6GLBEN mnsrrt ss sallow w .