Newspapers / The News & Observer … / Oct. 26, 1907, edition 1 / Page 4
Part of The News & Observer (Raleigh, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
A THE JNEWS AND OBSEBVKB. rUMtDAY, OCTOBER 20. The News and ' Observer. ' Tfc torn xr4 Czntr CA Ca. fundamental soundness) of. American business conditions. The man who has been forced by this financial storm, to sacrifice hi securities for far less than their intrinsic value has trans ferred to -the purchaser a property which, when the storm is over, must Inevitably advance commensurately with the marvelous natural resources and development of the country. Take Office: News Obii)CUai thcondiUons of lt2, with our dls- vtorid uncertain as to the future of our monetary standard, with the sliver Martin .11 Foil THE STATS CAPITAL- 13SXNO Associate! Press n:;:rt. ' ' Urw MAtra ti t ivt tci i taiv ATPsiue n the balance, and no man able THE ONLY PAPER aUIiXiKLUfcOJ AST 4 to tUTSdlrt rh nntA .nH Mnl.t that situation with the conditions to day, and we can see something of the difference -a difference so great as to be really startling. Then the farmers of the West and South were burdened with debt. - Then their agricultural products were at an exceedingly un profitable point. Then cotton wheat and -corn and cattle were Belling at less than the cost of raising. Since that day we have added from 20,000. 000 to 28,090,000 people to our popu lation. We have doubled and in many caeea trebled and quadrupled the vol tne of business, we have trebled the value of agricultural products, and of the farmers of bounding prosperity For Year. K. 1 SUBSCRIPTION prjcsi Months iH .'.A0faht the poverty 21 JL at4Mthat year 14 the at C as eeond-lass mast inaxssr. Of today. Despite these conditions Mm uut uMiirlt1 Vi a vo fa 1 1 f n to njt Xntered at the poetofflef withstanding the vast expansion in industry and population ana weaitn. This Is partly a case of hysterics, and, as already stated, partly an outcome of mismanagement In some financial Institutions, and. of course., to some extent a distrust created by constant agitation against railroads. "These things, however, are ephem eral in their nature, and must pass nothinsMfewa;; The country at heart is sound can do 1 o suiia lor aoounaing prosperity aesplte the disorder which temporarily prevails in Wall Street and the inter ests connected therewith. The Manu facturers' Record does not by any means fall to appreciate that in one sense Wall Street is the financial cen SATURDAY. . . . . ..CX. . ltOt. I I MORNING TOttfc! J LontieUow)r ' The i talent of t Succeesfl more than doing what yOUi .well, and doing well, whatever you without a tnougni ox samp u -ObUJITRX SOUND TO The I newspaper" that nw about real condition la- -gbtf work- c on until competition Is re stored In tobacco selling and in to bacco manufacturing, i . Section six will do the business for the tobacco trust If It is invoked fre quently enough, but a trust that makes millions by putting down the price of the farmer's tobacco cannot be made to quit its lawless practices by one seven thousand dollar seizure. SPIRIT OF THE PRESS rwnT most TT,t -1 ter of the country and that its dls- UDNnnIaM Bnll V4 nrhnlo Kilt nr States feel sure that the serious trou- J some years the country at large has blai ln Wall street reflects nlr dis- j been growing .more and more lnde- I ' tnfatJim of lbs pendent or Wall Street, and every trust U.tbe dishonest megiods ot year better atole to meet lta own local leaden of frenxled finance and that business problems without regard to soon there will be stable conditions In Wall Street operations. There is no Watt street. The higher nik of In- need for hysterics. The boundless f T r. . . i. possibilities of a country of almost treat and tighter money .n&arttet , is lnfinlta reaources are before us. His- worid-wlde, and cannot be attrlDutea tory affords nothing comparable to the to conditions peculiar to thjs jCOuntry. opportunities which await the man of . .v i -M.Anm ihrinkAr'i of oar- energy and activity in this country. But themendotia shrtni ox InsUad of Jolmnffyln the hysterics of tain! stocks In New York to con" New York, let the business people of ditlous In thla" country. TJie-j attempt the whole cobntry turn with greater on the art of the trust magnates ana energy man ever Derore to tne utinza Wall the two znln Street gambler, to attribute It to Eft-JESPH0?? f lnveetlsratlon and projMeUtloa OX I Wall Rtrt. rrent ai thv have been tor three trusts by the Federal ad- I will soon be forgotten in that mighty strarlon is almost as ' absurd as sweep or prosperity wnich is ahead of SXraUOn IS aunwsb m I - Tt mav K rilAV4 for a hrlof The any can tne wiggesuon ma w ?"Mf "ltlme. but nothing can stop the on tlon In 1 passenger rates !,' si doaen ward march of America's business States nas precipitated th trouble. J activities. chief cause for tasr If never anme for suchS a Hflurry ' - DOJfT RrJTT COTTON. UyuDUCM JuTSJ UeWW a,ffssii ev ww s - -waw- Jai,4aj v, a insurance scandals, the dlsgracefui wtadom of the advlce to hold cotton conduct of steel trust magnates, thefQr fUtMn cent, dec!ded upon before exposure or raiiroaa meuwai m Harriman investlgaUon. this l copper watering and stock jcettfns; and the flood of . ffht I thrown upon tne disnonesi isruuua u& those ! high financiers S whose methods have been more'brasenly dls honeU than the methods of theijsharper and the little gambler whom they would despise. It Is unfortunate thai In the determination" to unload wfttejred ' and it was known how big the crop would be this year, but there should be no dllvsion of opinion as to the wisdom and the necessity of holding a large part o the cotton when It has been pressed down by influences that the farmers have not been able successful ly to combat. When the market con tinues to go down there is danger that those who recall . the days of six cent cotton will be rattled-and hasten to Bryan at Ffcyettevllle. Haeford Facts and Figures. There is not a man in all the earth better known than this man Bryan. He grows in popularity, although everything has been said against him that human hate, and human love of gaa could suggest. Brian believes Un and advocates human rights, equal rights to every man, and that is what those who have the best hold on thl world do' not believe In, and because Bryan goe along exposing their meth ods is why they hate him. They say he is a socialist and that he arrays clas against class. This Is not the truth. When a human being con cludes to have special advantages he arrays himself against the world. - Bryan has been the Democratic nominee for president twice and' will be again next year. He is a candi date because the people make him one.. He could not be a candidate if the people did not nominate him. His subject was. "The Average Man." This writer has contended all his life that the troubles in our coun try were social, not political. Bryan believes It. Whenever a man believes he is above the averagre. and acts that belier. all others are mad at him. Bryan came to talk politics. That is his business. He was erratic fifteen years ago Time and experience has taught him better. He "annunciated the Democratic doctrine 'on tariff trusts, railroad regulation in his Fay ettevllle speech. Throughout his en tire discourse you could follow easily the doctrine of human liberty equal rights to all and special privileges to none. Bryan is criticised, even hated for the same cause that Jefferson, Jackson and Lincoln were criticised and hated the advocacy of the doc trine, that rich people should not be allowed to make the poor people serve them without naming the price, and the giving the former license, and the latter liberty mere privilege to exist. Nearly all were placed in the class with "The Average Man." Those above the class give us trouble; those below aie in the penitentiary, or on the way there. r V In Nine Cases Out of Ten aa pcndei.f In North Carolina 1 " Republican at Heart. V . Raeford Facts and i Figures. The Arglo-Saxon claims to be Inde pendent in politics, but it devotee a large per cent of Its editorial space to saying uncomplimentary things about Bryan. "A dog returneth to his vomit- a sow to her wallowing in the mire etc Railroads That Ron Trains Instead of Follticq Have Nothing to Fear. Greensboro Telegram. ' The Norfolk Si Southern Railroad is apparently not afraid of "adverse legislation," seeing that it has voted a twenty-five million dollars bond Issue for improvements. Generous and Broad. Greensboro Telegram, ; Col. Henry Watterson thinks he is go ing to "quit politic but when the high tariff barons next year get to bringing out their absurd claims,. you Will see Marse Henry In the thickest of the fljrht for. tariff reform. He cannot abdicate and he never was a quitter. His "retirement", editorial vas the result of Indigestion or tt par ticular case of annoyance. He is too big a man to permit him to refuse to do his duty. Raleigh News and Ob server. -; We call this pretty broad and gener ous, coming as it does from a man who i accused of desiring and at tempting to read out of the party ail persons disagreeing with him. Should Be Punished. Concord Tribune. The Salisbury Post calls attention to the fact that Leonard, the Southern flagman, who is accounted responsible for the wreck near Greensboro a few days ago, had been on duty over twenty-three hours. The Post further calls attention to the fact that there is a State law on this subject and if Leon ard was on duty within the confines of the state one minute over sixteen hours the person in authority has vio lated the law. A few punishments of the "authority" in such cases would stop these long hours and no doubt have its effect. No man can be an efficient worker after such a long service ard the one who is responsible should be punished. 'MULE . SP UN HOSIERY VA m-lT:$! ooeo Sett Direct to North Carolina Trade WRITE US Igh Cotton RALEIGH :: :? :: NORTH CAROLINA ed man and In the eyes of the law a ( Another hole Into which Burton has thief. He Is cauarht if he runs away unwlttlnrly been pushed may give him and must go to the penitentiary and much trouble before election day. He sbakf securlMe soWe P? mU on a falling market. Nobody flT? meftiwm"lfferv JiL can prewme with confidence to say inevUab e result.- No maa Ms wrong everybody withal 'n We Financial dishonesty and tumbling OT wouM u fop farTners to rush cot. financial .JT ton on r falling market. It would wrong-doing. .often pull tat 8lmply to e It another knock house, with them. But. tf jH t hlll d help the bear8 who top ad think, there Is no reason why . . . , .., i tZZZZ down the price of cotton The slump A North Carolina Declaration of Inde pendence. Madison Herald. The News and Observer of yester day wound up an editorial relative to the people and papers who go out of their way to cast slurs on the last leg islature and the Governor of North Carolina with a sentence that amounts to. a second declaration of independ ence. We have never seen the English lan guise put to stronger use than by the following: 'That, while property is safe in North Carolina, there is no 'vested right' in wrong and no guaranty of safety and perpetuity In extortion." This sizes up the determination of the manhood of our State and we would be glad to see everyone who cannot subscribe to the above align himself with he Republicans and re linquish all claim to the name of Democrat. gives The Washington Pot, f which else. day tthe country Is sound t tbfs core this reason for so thinking: In Wall Street has enabled the whole sale merchants to force, down the price of cotton goods, to make money tight, and to for. a time cause business to move slowly. ' Now, "if the farmers General Booth's Plain Diet. Rochester Democrat and Chronicle. General William Booth, head of the Salvation Army, who lectured in this city not Jong ago, told newspaper re presentatives in Chicago the other day that he lived entirely on a small al lowance of toast and tea. hot milk and vegetable soup, a roasted potato once a day, plain milk pudding and stewed fruit. General Booth is 79 years of age ana a prodigious worker. DIetic experts frequently charge us with eut- President Venable's Letter is Refresh ing. Raleigh Christian Advocate. . In these days of fierce competition when enterprising housewives deem it a; good stroke of business to way-lay employed servants on the highway and induce them to transfer their al legiance; when great corporations ex ercise the economic function of swal lowing the rods of snaller corpora tions; when it is ; considered good strategy for one plant to get all It can and ceep all it can from another plant; in short, when unmitigated greed sterns to be the basis on which so much of our great active life is ba?ed; It is refreshing to read the let ter vhich the President of the Uni versity of North Carolina wrote to the recalcitrant students of Wake Forest College in reply to their note in which" they expressed themselves as wishing to know if there was room at the University for seventy-five students from Wake Forest. The President of te University wisely admonished the boys to yield to authority and not think of changing their institution. This, wj repeat, is refreshing in the mldFt of these peculiar days, and re flects great credit on President Ven-able. Big Fishing at New Bern. ... (New-Bern Sun.) A shipment of 700 pounds of new river mullets were received last night on the A. C. L. train by Mr. A. L. Willis. . Fish are coming Into the New Bern market much more fully how and from various quarters. &fr. George N. Ives, a large fish lejiler on our market, received yester day on one of his fish boats S.000 pounds of choice fish' of every variety his family must face the shame and Agony of having a near relative wai lng the degrading stripes of the prison. Tet the travelling man who risks employers' money in a poker game, really Is less of a thief, and less guilty than the brilliant financier who stakes money belonging to his depositors, who are his employers, and who have trusted him on a desperate chance for his own profit. There Is a wide dif ference between the dishonest bank er who borrows the money of other people without their knowledge to make rain for himself and the honest ment in makingirinvestments which he believes to be safe and wise, the prof its of which he Intends shall go to his stockholders. But the financier who uses the trust company's money to en rich himself does not go to the peni tentiary. The trust company works on smoothly, and comfortably year after year, perhaps, the stockholders receive their dividends, the depositors depos it and check out and borrow, the di rectors meet, ask a few questions and receive smooth answers, pocket their fees and disperse in time for luncheon, all In high good humor. ' So It goes on until some disturbance occurs. Somebody falls .somewhere. Crops In one part of the country or an other are short. Official investigations or accidental discoveries reveal rotten spots in high places.. The attitude of the government toward certain inter ests is regarded as hostile. Radical leg islation is threatened or political lead ers take positions on the tariff which frighten some corporations or monop olies, people begin to inquire and look about them, bankers begin to for tifv themselves by calling in their mo ney and a general scrutiny of securi ties starts. Then directors and stock holders In the trust company wake up and organise exploring expeditions Into their own vaults and securities. They find that .their money is out in Cuba, Harlem or Aiasaa, represemea bv caper which looks good but is "not Immediately available." Runiors begin to fly. reporters and others begin to Inquire into the connections, occupa tions and Investments of the financier. Depositors become uneasy and demand their cash: and there -we are. The brilliant financier Is like the travelling man who opens the express envelope. Mo cannot nay. He ougnt to go to Jail, but instead of that his resignation Is requested has always been opposed to the use of money In elections except ror tne most ordinary necessities. When the campaign started Mayor Johnson sug gested that each tell from day to day where they were getting their money for campaign expenses, and how it was being , used. Burton refused to give his sanction to this schemfi. Now he charge is being made that the Cleveland Electric Railway offi cials and other public-service corpor ations who fear Mayor Johnson s pow er are giving up thousands of dollars to elec Burton. Republican party Workers are being paid. Billboards are being used. Expert writers are employed to dig up Uteraure by the ton A Chicago firm that helped In he Bussee-Dunne campaign has been en- taged at ar expense o ft 20.000 to snrf out over 800,000 letters urging Bur ton's election. Party workers in every precinct have been told that the glad days or tne Hanna , regime are re turning. ' .,.('... , Burton is astounded at this, but can 9a ynothlng. He Stands as the street railway candidate, and must face the music. One strange angle that hat arisen In the campaign . is the attempt to make it appear that Cleveland, known everywhere 'as a model city, has a poor government, and Is as deeply in crusted with grafting as Pittsburg. Philadelphia or Harrisburg. Burton has made- the statement at aeveral of his meetings lately, though no far he has not given any facts to substantiate the assertion. Johnson defies his op ponent to prove graft in any form, and denounces him for throwing mud at the city which has given him such national honors. While Burton was declaring a few nights ago that Cleveland was worse than Philadelphia. President McCrea, of the Pennsylvania Railroad, wi an Interview, was saying: "While I take no sides In this contest, I have ob served that Cleveland Is a well-governed city. The streets are In good nape, the city Is well policed. I like your mayor and his business methods. He safeguards your city." Three Good Crop. . . It is only now and then that one hears of good cotton crops. Three, it is generally conceded, will make A No. 1 crop. G. T. DeBerry. - on the l ing too much, and General Booth's ! fm "ve .Sound, which will be Iced. "The crone belns: large, there is a marircTTh. raTlr"oad.aV. Tkilr I to dump large quantities of cot than they ever were before. Merchants ton on tne market when mill men are buying big stocks, and , this adds find it difficult to get large sums of There U almost a famine of od men. would continue to go down and the Material! Is hard to get, on account of farmer would have to sell the rrop the rushj orders. Steel rails are need- at mUch less than the price they will ed by a hundred railroads hthat ars .iv. rhn noi .i,, . , waiting to extend their line The receive when normal conditions nr- structjural steel mills are Working vaiL To show how easy it would be night and day. Bank clearings In for. farmers to depress the price of fifty 4t the largest clUes in&h coun- cotton, the market went down several 17. ivtrVbTo; rftwoVrkM Point, upon the report that the Texas "There Is nothing wnatever in Dual- I xarmers naa taxen sess er financial conditions in . this country to cause uneasiness to any man who Is engaged In an honest business.? a Tfaej Manufacturer's Record; gives reasotje for Its faith that "theiiclouds will rpii by that are convincing and reassuring. Its leader is VqV sensible. so wise, so nopeiui upon souna rea son. for hope, that space fn full Is given or; It as follows: . 'I: l TTbe Ootid Will RoUfBy; "And still the sun Is shining still 8f.000.000 people ars being! ed and red and are doing their tomedi work. Still the tramp mighty army of a -million workers la annually pouring into our country, and hundreds! of thousands from j; other sections of the United States are an nually) turning their footsteps toward the great; Southwest, and many! Into the Central South. The world moves. And cloth- accus- of twelve thousand bales out of the warehouses and put them on the market. They had only sold twelve hundred, but It wasn't wise during the Wall Street flurry to turn loose sny quantity so large as that which was being held for better prices. The thing for farmers to do U not to dump their cotton on the market while it ii. going down, or to even sell most of it in two or three months. The proper way ordinarily to .sell cotton is to do so gradually, selling some every month in the year as the mills need It This is better also for the mills, for business, and every nther interest. Bbstremious habits give some point to tne charge. Every one. possibly.-; would not thrive on the simple fare: adhered to by the leader of the Salva- i tlon Army, but there is little necessity for cautioning people against living : plainly. Most people err in the other ' dlrectior.. and if they could bw induced' to follow General Booth's example fn I moderation, might find themselves! much better off curwl of ills whl-)i they now find beyond th nkill of physician. pat 1; d and shipped to New York. TWO FINANCIERS. S-i Further .I(:mI Than Other Folks. Greensboro Telegram. Mr. Bi.van simply, reflected a u itle- (Hlcmond News-Leader.) I.t t ;is try to et clearly in our mind yutiie of the. processes which have brought about the present disturbance In Wall street. Here Is a trust compa ny with a capital of $4,000,000 and de posits of ?72.0(o,O0O. Th capital is kept low so that the price of stock and the dividends may be high. T'.ie Insti tution is profitable and prosperous and trusted by everybody; Along comes a "man who has made some money In wheat deal or copper mines, or oth- Cromwell dare. Arnold Womlev on Then the financiers and their friends his farm on Bui lrhack Canal, and begin to deplore the Tack of confidence George A. Holderness on Panola. The and to blame the government, tne . latter has already gathered from .B0 public, the newspapers. Divine Provl-' acres 45 bales and expects not less dence, or anybody else for the deplora ble conditions. The truth Is, that the country Is Just as prosperous as ever, that the government has done nothing wrong or radical; that the people have money and are ready to spend It. The real fault Is in the system of careless ness and indifference, in prosperous times, the absence of the prudence and honesty which are necessary for t:ie successful conduct of any business affairs. In uZt that , L , VCed' ,lnnf Project. The shares of stock LrJ, IKmiJI 1 t" ' , ,art. ,lal lea!ln the trut company are worth $300. fore tiS fl, ,l, r.:Z a lon , Vm? be-! The new financier offers $350 and thus j bete H! were laid bare. , t tj, thp no!jerst0f a little more there werf suspicions of rottenness n v--i.- -...o ... n in.,,r-""r"1 '".r,n,f ".v rra.1 ft aout $7,000,000 the thrr) ii k2 .1 . , . V" ' g-ts control of the company. He real- nw.nr lr Vr Investigation into the , fv re,UlreM no tnoft! than $3,000,000 dZPlnr n,i hiiT , m " " ! tual carh. because as fast as he 1 .!m f.vv J U y , bf i buvs one share of stock for $360 he HXfaV'n.f Z? borrow on U at least $200 to be has een further tlian new man could ?ee. first tine he ther fulks; COTTON 1860-1907. Elsewhere we print atr article eotton written In I860 by Hon. H. on It. the leading citizen of Kde . . : ' I AAWtKa SAiintV IrtflucniSn 1 f A tnelE DfQ. ivuui;, liiiiucuuai VUIls; e?J5- receive S7.000.000.000 for ducts, or 'l about nine times, the! total national banking capital of the United States;! almost one-half as much as the total investment in all- &hej rail roads bf the country. Never before In the history of America were the agricultural conditions of the country so sound and solid; never before! were the farmers of the South and the! West alike so nearly out of debt. and! with a total! value of farm product toj their credit so staggering in amount ;as to be almost beyond comprehension. Contract the $7,000,000,000 wtch will this yer be paid to American farmers with the total for preceding yeani. In 1890 the total value of farm S rod nets was $ 466. 000.000. 'or but a j';little more than ene-thlrd of the "Value: this year. JSven seven years aro or in 1900. the total was I4.711C0H.Q00. while this year the aggregate of H $7, 000.0001000 shows a gain of $2300. 000.0001 as. compared with l00. and is almost jax great as the total yalue of farm nroducts in 1890. -fc !j "How . can a country materially suf fer In its business interests with such a solid foundation for. marvelous pros perity and business expansion:? itNew Tork t$ at present the storm-center of a bad 'financial condition,': due In part to the rottenness of the jmethods of some financial operators pin ifthat great wjorld-center. In part to destruc tion of confidence by ceaseless aglta tlon and legislation against railroads and other. corporations. It Is true-that the depreciation in securities has jbeen enormous. I It is true that thousands have io$t their all by having to sacri f,ee securities.' But these conditions Ao not. by any. means. - change the man. and afterwards President of the Wilmington and Weldon Railroad un til the day of his death. Tomorrow we will print an article on the same subject written by his nephew Col. John Bridge rs. Both of these articles are copied from the Tarboro South erner, which says of them: "It may be Interesting to note that the latter is in ignorance of what his uncle wrote 47 years ago. The view point of two very Intelligent gentle men on tne same subject separated by nearly, a half a century should not only be interesting but quite informing also. " "An Intelligent comparison will dis close much, of the advancement that has been made in cotton culture. "In reading that of the elder Brid gers one will be Impressed with the thorough acquaintance with his sub ject, and the information on cotton that he .'possessed. It will be noticed that eve.i then: England was putting forth efforts as she .is now. to free her spinners from dependence on the South. ; " . . ; Be sure to read the article written In IS SO.t i Tomorrow the 1907 article will appear. :l, The Greensboro Record truly says that the best chance for Mr. Roose velt's "doing something" ; Is "to wing a few dosen trusts.", and It adds: ""he has made a good start with the Amer ican Tobacco Company." Let the good GciM-ral Affi'pltiitcr of Bryan's rlu olplr. , Fayettevllle Observer. We have often referred to the In tcr"Ftinff circumstance that education in finance and economics rh well as the logic f events have been forcing upon all parties and many formerly hostile interests a general acceptance of the principles which Mr. Bryan ex pounded with such eloquence in 1896 and 1900. the Farmer's Alllanov Knocked Out Only TrtiHt Yet Killed. Haeford Facts and Figures. only f ne trust has been knocked out In tin hUtory of this country so far as we know. The Jute bagging trust was brought to terms when the farmers refused to use Jute bagging some years ago. and used cotton and straw baKKihg instead. And trusts can be handled in the same way. No: lie Hail It in Mind. Clarkton Exnress "Gov. Glenn introduced Mr. Bryan as "the greatest statesman of the time." The Governor probably forgot for the tune being that ex-President Grover Cleveland was still living. and Slmuld Quit Politics, Gambling Other Evils. Stanly Enterprise. We shall not argue the point with the Monroe Journal as to whether a railroad has a right to own a news paper. - The Journal may be right from a technical standpoint and by virtue of limitations named In a rail road company's charter in saying that a railroad has no right to own a news paper. Out recent observation was not so much to acknowledge a right on part of a railroad company to run a newspaper so much as to draw dis tinction between , one run openly by such a company and one secretly own ed or subsidized in the interest of a railroad. Wa wholly agree with the Journal In Its position that a railroad should confine itself to transportation business, quit politics, gambling in Wall ; street and; a number of other evils, l. - - used tow ards buying another share. Having in nix hands, a majority of the stock the financier calls a meet ing of stockholders and elects himself and some respectable dummies or chosen tools of his own as directors, or as the executive committee of the di rectors, really controlling; the man agement. Nothing is said. Nobody suggests a protest. The depositors read over the announcement of the change in management and forget It before dinner time. The financial reports on newspapers are given' flattering ac counts of the new directors which they faithfully print and which the public accepts with rather less skep ticism than it does the Gospels. Then the new owner organizes or buys vari ous corporations or companies, each practically being himself. : To him self thus incorporated and constituted under various names he lends the sev-euty-two million dollars of the de positors' money. The depositors go on depositing and everything is love ly. The old stockholders continue to receive their dividends punctually and the periodical reports and statements, which few people take the trouble to analyze, are satisfactory. Meanwhile, the money of the depositors, which they vaguely supoosed to be In. the bank vaults or wisely and sareiy in vested, is being scattered tb the four- winds, in real estate speculations. In wild cat enterprises In Cuba! or on the Pacific coast or somewhere else. Many of these undertakings, are established to be sold, after a brilliant' showing made with the money belonging to the depositors .in the trust company, at high profits to go Into the pockets of the financier. He Is now in the posi tion of having secured for an Invest ment of four million dollars absolute control of seventy-two million dollars besides the credit of the trust com pany. A travelling salesman for : a whole sale house has collected a ! thousand dollars for his firm and put the money In an express envelope to be forwarded In the morning. He drops Into a po ker game. His luck is bad and he loses his own money steadily When nearly all his chips are gone, he finds himself with a king full against: a three card draw. It looks like a sure thing. After a few moments', hesita tion and desperate struggle 1 with his own conscience, he dips into the en velope and when It is too late 'finds that he has been fleeced He is a ruin. JOHNHOX THK FAVORITF. Hctlng 10 To 7 Against Burton Cleveland Oontcwt. (Cleveland Cor. New York Time.) That nearly every man who has a vote will cast it in the mayoralty election here November 5 Is clearly Indicated by the heaviest registration this city has ever known. Over 93,000 have registered up to date, and there wlff probably be 1.000 more on the special day. This heavy registration has wonder fully enthused the Republicans, who claim to see in It a victory for Burton. The heaviest Increases are shown in the strongly Republican wards, and the Republican leaders say this means ,taht Burton will get a large share of the stay-at-home vote that has re fused to come out during tho last three elections. Whether this Is sound argument or not will soon be known. The betting fraternity does not seem to take It very seriously, as bets still stand 10 tn T n Johnson. The sreneral bpin- lon among those who study election indications from a purely business standpoint Is that Johnson will have at least 4,000 votes to the good. But there Is no gainsaying the fact that, no matter who may win. tne otn re man will know he has been in a fla-ht. The city has never seen a cam paign so warm. The street railway Issue has dwarfed all others, and the attempt of Burton to bring Johnson's record in office, extravagance, or mgn taxes to the front has failed miser ably. It Is a straight out-and-out fight between Tom I Johnson, advo cate of S-cent fare and the treets for the people, against Theodore E. Bur ton, backed by the Cleveland Electric- Railway Company trying o save tne franchises forjthe richest public-ser vice corporation in the State. Burton so far has been a strong candidate, and his meetings, several each night, in intense circus tents, have drawn thousands, but- Johnson has been equally welcomed and is arous ing more enthusiasm. Johnaon, al ways cheerful. Is at his best when someone asks him questions. Burton Is not used to this rapid-fire style, and objected to . It when someone started to cross-examine him at a re cent meeting. When he saw that; he would have to stand for, it he took his medicine, however, and now seems , to get. as much fun out of this candidate baiting as does his more jolly oppon ent, He mad9 one grievous error. however. Johnson challenged him. to a joint debate. -He declined, : and Johnson has been poking fun at him ever since.. Finally the two agreed to a debate In the newspapers, but It has dwindled into a farce. than 15 more. Will some one name others? Tarboro Houtherner. rat. men a counzroRT xs. it, ca ' THIS TARL2S NO. X2. . ' ! CJXectita Sunday, Hay 121b, 1907. at 13:01 a. tm. ri!y Ex- Dally cept Sunday. , cept eundtsy. No, t, A. IX. No. 1. P. L , STATIONS. 1.00 ...... Lv. Ralslgk lot 1.1 f. ...... Caralelgn ....... 1.4 r .Iff...... Bylvaola ' .J r . g.SSf Uarnea ........ ft. l f .lf Hobby I. jot lis McCullers .ll .If Banks 1.01 f .Its.... Willow tfprtngs ....4. Its f. llf. Cardenas ......,4.Slf .40s.. Verlua ...4.11s .lis.. Fuqusy Springs Tt ..4.17s 10.01 f Rawlce. ........ 4. 0T f 10.10 s , Chalybeate I.ll 10.14 f Kipling J.lf. 10.2t f Cape Fear ...... t. IT f 11.01 s. ..... UndsnT ...... ..1. 01 s 10.10 f Bunlevel I.ll f ll.lt f. ...... DuckMr t.ltt 11.10 f Carver's Falls .....S.llf 11.40 f Tokay 2.11 f 11.11... Ar. raysttsrUlo T Ijv. ...Mi No I. P. M. ! fr' Ko. i A. U. BTATIONR. 4.4t... Xr. Raleigh T t Ar ...10.40 4.10 f ...... Caralelgb ...... 14.10 f 4. 14 f. ...... Bylvaola .......10.11 f g. OOf . Barnes , 10.11 f 1.07 f..... ... Hobby 10.10 f .lis UcCullers 10.01 1 1.10 f. Banks ..10.00 f t.tos... Willow Springs .....t.lOs f.SSf Cardenae ....... t. 41 C Mil Varlfta t.40s t.OOs.. Fuquay Springs Tt . .i.XJs t.Otf... Rawles f.llf .Its Chalybeate t.Of i 4.17 f. Kipling ........ 1.01 f 4.10 f Capo Fear 1.47 f 4.14s Ullingtor Tt 1.41 s 4.44 f Bunlevel ...... 1. 27 f .Its. ...... Undsn T ...... .1. 17s ' 7.10f....... Buckner .t.Otf " t.ttf..... Carrera Fall .....T.tlf 7.22 f Tokay ;.T.44f 7.48... Ar. Fayettevllle T Iw. ...T.lt JNO. A. MILLS. Prea and Qen, Mgr. DURHAM Js SOUTHERN RAILWAY ficbedato In Effect Aug, ft, 10OT. ! Station fL-Bound. N.-Bound. Read Down. Read Up. o No. 5, Mixed Ex. 7:10 am 7:41 am 7:tt a m :lt a m 1 : 4 0 a m :4am :00 am :4S a m No, a. Sunday. 1:11 pm 1:01 p m 1:10 p m 1:11 p m 1:14 p m 1:04 p ra 11:44 p m 11:11am 11:20 am 11:01am 10:41am 20:10am 1:10 am :40a m :27am : am l:4lam No. ss. Lr. Durham ... " E. Durham. Oyama . . . Togo ...... Carpenter . Upchurch Ar. " Apex ...... Lv. Apex ; M Holly Bp'g. 10:10 am " wiibon ....10:21am Varlna ....10:41 am M. Angler ....11:20 am ; Barclaysvllls 11:40am Coats .... ,11:19am " Turlington .12:10 pm - Duke - 11:20 pm Ar. Dunn ...... 1:00pm . j . No. 41. ' . i ,'.?. , Read Down. Read Up. Passenger Ex. Sunday. Lv. Durham ... 4:16 p ra -10:11 a m M R. Dtrtham .4:21 pm 10:21am Oyama 4:10pm 10:14am " Togo ...... 4:40pm 10:01 am "-Carpenter . 4:11pm 0:tlam " Upchurch ...4:11 pm 9:41 am Ar. Apex 1:10pm 9:14am Lr. Apex .......1:20pm M Holly Ep'rs. 1:11pm 0:20 am Wiibon .... t:42pm :12 am Vaiina .... 1:10 pm t:Cf tm Angler .... 4:07pm t:t0am Barclaysvllls t:lSpm :44am Coats ..... t:2tpm ' t:tlam Turlington ..1:21 pm 1:24 am Duke ..... 4:42pm t :14am Ar, Dunn ,7:00 pm 1:00 am I attracts iKcm vcrmia I di iD.tAntlr. la w Jilaurer's 7 Rat-and Roach-Paste kyitaadar I tkayaac ItssS MAURER'5 BUQ POWl)EK b mw Amik to b4Mis. bcm sad metka. rritr ar " . MAOtFR A ef. PHII.Hrl.lFni. Sold onhr in tVHtlas. I. At alt drtii QUM1WI Buy a SlionhiKcr 1'ino. It Mill be as grand a piano far your grand-children's c!l dren as it is for you. Of the few high quality frianos tbo Slioningcr is tlie lowest in price. , .. We recommend tlicm hear, tlly an sell tbem on liberal terms. PILES CVRED JS 9 TO 14 DATS. PAZO OINTMENT. Is guaranteed to curs any case of Itching. Blind. Bleed, lng - or Protruding Piles la t to 14 days or money refunded. .6 Or. f i Ueadacbes and Neuralgia from Colds. Send for catalogue, terms,' prices."'. ' ' -a' - 1 ..." . DarneU & Thbmcs RALX3GIX. XX. CL Notlce of Administrator's Sale of Liv ery Business. The undersigned, idmlnlitratnr' nf ttJhe estate of George A. Burns, deceas ed, win expose for sals the livery bus iness of said estate, together with the good will and -all of the property con nected uierewun, at public auction, i This is one of the finest livery bus inesses in North Carolina, and the sale is maae ror tne purpose of winding up the estate of George A. Burns. Horses and vehicles are in excellent condition and the purchaser will be guaranteed a lease of large and commodious stables for a long term of year at a very reasonable rental. ; Time ' of sale Tuesday, ; November Stth. 1907 11:10 o'clock P. M. . Place of sale, livery, stables of Georgn A. Burns In the city of Pay ettevllle. N. c. . Terms of sale, cash. . ' , ' . J. W. INGOLD. Administrator of the estate of G- A. Burns.derietjed, ; This 22hu2vay of October, 1807. , Sk o. 10-20 d. 14U CONNTCCTION8. , At Dunn: No. tt makes connection with Atlantic Coast Line No. 14 from Fayettevllle. No. 41 makes connection with Atlantic coast lint no. 11 for Fayettevllle, . At Apex: r o. ii maxes connection with Seaboard Air Line No. SI for points North. No. 41 makes 'eonneo tlon with Seaboard Air Line No. 41 for points South. No. f makes con nection with Seaboard Air Line No. It from the South for Durham, At Durham: No. It makes eonneo tlon with Seaboard Air Una No. lit for Henderson Branch. No. 41 makes connection with Southern Ry. No. lit from points Kast. All tickets are sold by this company and accepted by the passenger with the understanding that this company will not be liable for failure to run Its trains on schedule time, or for sny such delays as may bs Incident to their operation. Cars Is exercised to give correct time of connecting lines, but this company Is not responsible for errors or otnlsslona NO SUNDAY TRAINS. j J. E. Stags:. S. IL Reams, ,Vlee-Prea.4 Oen. Pass. Agt. General Offices DURHAM. N. C ' NORFOLK A SOUTHERN RAILWAY . SPECIAL NOTICE Opening; of New Line to Ralclgli, N. C ThurMlay, October 21, 1007. Freight and passenger 'trains will be operate! on the following schedule: Mixed a m. Mixed p. m. 10:10 Lv..,,. Washington.. Ar. 4:20 10:40 Lv Chocowlnlty. . Ar. 1:10 11:02 Uv.. . . .Grimesland . .Ar. 6:Z7- 12:00 L.Y.,.. Greenville. ...Ar. 4:60 1:00 Lv FarmYllle.L ..Ar. 1:50 1:47 Lv.... ,8tantonaburgV .Ar. 1:00 2:10 Lv Wilson Ar. 1:11 1:40 Lv.. . . .Neversoa. . .Ar. 12:20 t:t0 Lv..... Baileys.. . ..Ar. 12:10 4:11 Lv..... 'Middlesex.. .Ar. 11:40 4:11 Lv Zebulon.. . ..Ar. 11:0$ 5:20 Lv..... Wendell.. ' ...Ar. 10:10 1:20 r,v.....fCarla Rock. Ar. 10:1 6:01 Lv.....KnlshtlaIe . .Ar, t:lf ;12 Lvs....Uouahall .. ..Ar. :26. 7:08 Ar ....Raleigh.. ...Lv. :00 1:00 Lv.... .Wilson.... ' ...Ar. 1:00 1:12 Lv Neverson. ..Ar. 7:11 1:21 Lv... . .Baileys. . .Ar. 7:22 t:B4 Lv..1. ..Middlesex.. .Ar. 7:04 lit Lv.. . .Zebulon, . . ...Ar. 4:44 I;t0 Lr.i... Wendell. ...i.An 4:10 :I7 Lv Kagle Rock.. Ar. 4:21 :S2 L.v Knijthtdale i .Ar. 4:04 10:04 Lv "Uoushell,. ..Ar. 1:61 10:11 Ar jiaieign.. .. ..L.v. i:i Conection Is made at Chocowlnlty with through trains to and from Washington, New Bern. Beaufort. Klnston and Goldaboro, N. C. Freight for stations marked with must b preDald. . R. K. L. Bunch. Traffic Manager, a, M. W. 11 a gut re, Oen'1. Supt.. 11. C Hudglna, Gen'l. Frt. A Vm't. Agt 5, Trsias Uim A bard., rt. rur. I:ta m. and a :t0 s. fa. . far Lri MnatniM. gfoL rnjadarroea, mn'i'.i j I. fcLIa M iieai ii.w a. n. j, i . j,. ka I. ra I S. m., arrirtz at ii-n p. . , t ' t - i r 4 '" . I aoi, at i a p. ra., si I -J j t . . .$ 4 i .) 1- . . : f- ! V
The News & Observer (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Oct. 26, 1907, edition 1
4
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75