COUR T5he COURIER J me COURIER ! . Advertising Columns 9 I Leads In. Both News and ! Circulation. N ! J I Bring Results. Issued Weekly. PRINCIPLES, NOT MEN. $1.00 Per Year VOL XXXII. ASHEBORO, N. C, THURSDAY. November 7, 1907. No 42 THE Financial Situation Attracts Notice. Republicans Are INow Face ip Face With the (luestlou of Tar 111'-- Business Prosperity and Kasy Money Not War ranted by Republican Tar ill'. Washington, D. C, Nov. 4, 1907 In spite of the declaration of the last Republican National Conven tion that a Republican tatiff has al ways been followed bv business pros peruy and similar fallacious boasts of President Roosevelt in his letter of acceptance and speeches, an un fortunate panic is playing havoc in our liuant'iai aiiairs. morning eisei mere is ;ft,UD-i,ooo or sunsuuary s;i is being talken about in political I ver, and $1,551,078 of minor coin, circl'-s. Secretary Cortelyou declar neither nf which items are classed es i he woist of the storm is over, buW as available casn, for only $10 is the news from the West would irid'-' legal tender. All these am nuns a 1 cate the worst may yet be to come, ; ded together makes $232,3:Ji 770. The dosing of the chief Spring! So that the United Stales i'leusiny Wheat market of the country at' instead of having an available balau Diilutb, aud the phralysis of the1 ce, there is a d.-li.uetiey of $7,451, market in Chicago and elsewhere, in! 430. That is the Secretary of in consequence of the lack of money,! nd tlie determination of the banks o husband their resources is any- hing but a cheerful prospect. 1 be 'armets will, of course, Buffer, and heat, cotton and other agricultural .duciS have already fallen in I'hose farmers who are able i hold thir crops until the panic bsides should by all means do so, r the demand from foreman coun ties will lead to higher pricei for wheat and cotton uext Sprint, if not ueiore. luis eviuuiice., uuu pin . duced, that the Rp iblican policies of a high trust-protecting tariff, and of giving every advantage to tne bauks, have built up a bogus pros peiity that at the first adverse wind ia no mure stable than the child's house of cards, is proof that Repub lican policies produce panic instead of being panic proO as biazenly boasted. With fifty per cent, more money per capita in circulation, and the supply constantly increasing, tne backs are unable, to pay their jebts w heu called upon. The Re- fpublicau policy of aiding the. Wall Street banks with all the spare money in the Treasury, except a few millions to pay the current demands upou the government, is not ouly unlawful, but grossly unfair to the more conservative baukers of the South and West who have to bear the burden of providing the funds to move the staple crops. The ouly excuse for President Roosevelt in carrying out this policy is that he has taken the advice of tnose mixed up iu the Wall Street game, or has allowed his New York birth and training to lead him to the rescue oi the freuzit-d financiers rather tbiin ordering a "square deal" between all sections. This favoritism to the Wall Street interests is shown by bis tffusive thanks to Secretary Cor tely on, and the not hidden, though unnunitd approval of Morgan and Rockefeller for putting in their mil lions to try and stem the panic. Eow little those financiers deserve the thanks of tfce Chief Magistrate o' the country is at o'ice eetn from the fact that they demanded usuri ous rates for their money, which is Said to have extended to 50 per ct. He can hardly be called a public benefactor who charges his less for tunate fellow citizens usury, under the most trying circumstances. The pretence that the Rockefeller mil lions were loaned at tf per ceut. cair be easily shown to oe a fable, as tar as any large amount is concerned If the effects of the panic could be confined to Wall Street there would be but a few tears shed, but unfor tunately all lines of husiuess must sow suffer m constqueuce of the no settlement of financial affairs in New York and at all the large money Centers. It is much to b? feared that the bauks at Western money centers are not so plentifully sup- f'hed with cash as the optiuiisiic lu oimation given out would indicate, for the Secretary of the Treasury has received calls from nearly all the principal cities of the country that it may be necessary to give them assistance. To that end he has called upon the disbursing ag. nts of the government for $15, 000.000 of the $72,000,000 uow to their credit that that Huiount may be aded to the working balance iu tie Uuited States Treasury. Tne Master Glenn, vmioij son of Mr. 0trioi saiment of the available and Mrs. N. N. Nelin, died at Can balance iu the Treasury m the Rmdlenitii H.-mn-s . n. The funer cl"ce ul hits ness on October 2v)i K is was held hnidn. The et'iul giv. i. us 4224,881.340. Hut these figuies aie vey dKseivinj,', fur 1 that amount $215,529,538 has al ready been loaded to the banks and far from being an "available cas h balauce" it might as well be at the bottom of the sea as far as any im mediate availability to the United States Treasury is concerned. To demand its return would cause near ly every bauk that bold such depos its to close their doors. Another item is $5,004,571 on deposit in th. Philippines, that i.i certainly not available; then t here i imc-i $!.23'!, G5!), of silver bui i m, that c imior be used as moiiev i n 1 1 1 coined; tneu Treasury, wild tne approval of I're-- n'ent hooU-veir,, must, have taken 47, 451,430 from the trust funds lu to Ire .any, or from the ''gold reserve to deposit in the Wall Street bank- in there great necessities. No won der Secretary Coitelyoti is at his wits ends and is calling upon the govern uient islnirsmg oflioers to return part of the money to their cretin, And returiiiti2 to the Treason about $15,000,000 of such bilauoe. is robbing Pe er to ptv Paul, for it wili take it out of the National Ranks, which are government reserve depos tories in the different large cities ol t ie country either toioiritiuto h Wail Street maelsrom or to depojit it with other favored banks who aie in a tight place. The fact is, the Treasury is bankaupt, to all interns and purpose; and existing con ditions are similar to those under which President Cleveland was obliged to issue bonds in 1894. The Republican party has had no ques tion to contend .vith of the double standard., The high tariff taxation bas resulted iu a large surplus iu tlu Treasury, instead of a deficiency, with President Cleveland had t--contend with under the McKml-v tariff iaw, and iu consequ n . of t e Supreme Court declaring tuc ni-joni Ui section of the Wilson tar: if unconstitutional. The Republican leaders have deliberately turuei over to the favored banks not mil the surplus, hut even seven' mliiio . more fiom some - ncc. Tins pai his discourag d Ike most opt.m c Republicans, us .ny feel ih.it ., iiepublican named is likely to he nominated can be elected, for all arc committed to the Same financial and ta.ltt' pb.'icy that, h is cre.ited tu panic. Iu speaking of this a prom. lneut Republican did to III':' I.i id t, "your party will gam two great tul- vantages by tile prc.-eilt distressing conditions. The parly in pow. r is blamed for the breakdown of prosperity, am. as it will force liun- cial legislation to the trout as an issue. Suffered Painfully to keep Promise. A negro, who had moved a family from High Toi.it to Denton Fiidav, n-turred to High Point Saturday afternoon, having driven 14 mile through the country with a broken leg. He was riding on the wagon with his fed hanging down. One leg caught on a stump and was al most pulled from bis body. He S lid he would have st. pped a Thomasville for medical attention, but he had promised to return tlu team Saturday. Suicide Traceed Back to Railroad Ac rident. Mis. C- nue rww. who was ln iured bv an i. A. L. train near Charlotte several yaers ago, from and for which sh recovered $15. 000 damages in a a suit for damages committiied suiciae at hT home' a1 Charlotte list Th'.ursday. It is believed that her mind was affected as a result of the and that she was insaue at at tne t'me the rash act was committed. , Death of Little Glenn Newlln. na,l suffered f.n a -e with scarlet! lever MILLIKAN REUNION. Maved from North Crrolina to Indiana Duringthe KiltiesMany Relatives In ThlxMectlon Attend. By Andrew Joyner in News and Observer. Greensboro, N. C, Oct. 26. Home comings, reuuion of families, are always interesting events, aud North Carolinians, by reason of this being one of the parent states, gen erally connect such happenings with ua i'.iea of the ptr;uipuits coming U..ek to the State r the county or t if eommiuiity wheiv the dismal lle.i ot Ml- f.llllllv llllil hln Sjian Ol ille eiel neil' ii. Ouaiiirgei s-mI: like tne reunion in lir-ens-horn, tlnee ye.H'S ao, id native mm r- ide'itfi, i ne limne e'lini g 'v i. e'llnected wc i Hi'' t l i:i;il' of '..ks retuini:ig to old Xnti UaMiiii f r nil tu- ne.V ' jintes as i h.-v :id lint, rei'.'ii' iv 'Mi., in I ui ,n i i in-re was lianui. ie-tininn, .uei ni.i'ii tO SOIIle N H i n urOIIIII ill.-, II l 'III; .1 delllu ill 1 1 ip t id v is.!, i i c ver.sal of me llic imp i.; ti a ;. ce. I'lie Uiiiili'i'i . - u 1 1 ' ' r.a ip, ho moved to lell.uii in 1 !So U . i 1 1 in this year ot gi' ce oee.iine so lai ge a m j n oi ; tut f i i,. .., i In North Ca n 1 a iir.i.ie.li had t, go O'H. i.h le ii . H -ill' -c lining . k, .i i(0 vitlioil 1 1 1 1 v r.-u leMi i'' ne l.o I, tee . iiS IVii.iz i i i . v r. lienj uniii i hi. oi (i .tifor i olieg ', fO' ill i, Oi tk.ii i ' , mi. l III li s 77- i his . i'i, U.i.ted S'aiiS Jill r . Jillli'S d. 'Ihnh.l . d Ureeiish-T . and l. 'h likau, of li.md. I, Ii .- u my, SO e rs i ag', iett ten 'In- ig i tor laintm county, liiii'.i'i, io attend .i leitu loo of I he 'lit in finillies, repi'e seining t' others, woo, w.tn meii wires, ie t Raudolpu county iu 1859 in C'iV",ed wagons and jom ueyed over eight hundred nule to the county in Indiana where, they have since regee-d, and wheie all ex cept one rf i!i-- brothers are living L'nese two Vtn kaus were William aud .lilton. William is uow dead, nut his wido. eigut liviug ennd f u and several giand-ohi dren Were a part of i lie faau.y gathering fpich was 'ii'i i at the lioin.-ot vlil lon Milliki.i, vhige 82 d mrthday as celetiiaicl 'during the nappy reunion, in wife, seven e, ill li"ii mil 19 gi'au I (Mildreii bel auioii ii'- nappy Cee' ir itl S at. lue'ni idem hoiu' In re- iu i"i flwin lh' nnviu,; I, Wil of She i tin. For a .-, tlie N' ii . Ii i;i in dillihans .-r jet l. ii a.-q ai. one il i o ai'gest ii it n one h 'Mi. . ,i diiiin i . ii .me oi i .i. ar i he ui i ai. tne rm a l.saui ami -O IS, til" II . Iivn, slid i liidi.uj.i, ii fi -.-t c.e;'iei Ad are l ien Mi I i.oii Mi i . ous,p:iysic aiiendun. H -n j mi in in .Vliliikini a ' and Wife, ol . .viin tu-1. , n u at. a e oge !ier i I" it v ot bo -i li 'i.i.i . . lien's o , Ail l ' I de.-iV I . 1"-, III I.I ll 'II' i V II i mi ,i eii' 50 i - t.:ii ', Wil I is lid l.'l-i.i L I lIS I ' - Soil, ii il nili r, II. f. idije l it lnsi , (he r. h. I- I I .1 - I 'II. lai-n al Mill. Mt . K. .u-i-, . i Hi t I Whom they n . noi se -u years. ii" I- U .lied S . - reisie of the lan I oltice ui--.e. I felt verv inuoii intt r . in . hU famny reunion. I count im iiuhk of these good Qii . . and thiiryuuiig wives stttmg mu , iiir . ceuiuiy tii;o t'l.r i,i, ii i.i ah deiness of the VSesL, seea: .i le ne sy from the scene ol . - m alarms, I opini.' u j' i . t'rom tin ir coni;,i .no i nfTlie ii ' . . li ne s of hum in siavi i, i rancid 'iritioi i ii ic ord i . s tablished in the South. i t. . ., I thought ot 11 I in in y N : i - liulans ol IlKi ptu dy e.lia u - r 1 1 1 in that oiit pra'iie seiio.Mi r iii por', uinl now i 'iey intil rti i . i mi t'lere in trie i taOK less W. si. I h.ii. nd lllm s , ii.iClpalii, '"' hi most weallii. gnculi iii'in .'. ni oii the fe. "t i he g i.ii I thought, loo. i. 8 I'tUii" I a ,s that during the war in- lidim a id Illinois -oi ners were t i ti.m ingest and the ititterest fo-s ye ha I, aud after Hie wtr tney Kepi i u,i louger tha' any other p. i i id i American Uuion. Hut I wauimi u htr fi-in reiihiou, so when I learued in.i Marshal Millikitn had ietu Tnursdav utght, I s ugnt h' n .. early Friday mouiiug to get i port.. Af'er t"i'ii! "lit" 1 (Cuiuiuticd uu linli ; INDUSTRIAL ASSOCIATION. Organization Perfected Officers and Co m m Itteex--M em bersh I p Growing. The Asheboro Industrial Assoiu ation met at the court house Friday night arkl completed organization by electing the following officers: President, 1). 13. McCrarv; 1st We President. 0. C. Cranford; 2nd Vice President, H. M. Robius; Sec retary, Henev l'. Martin; Treasurer, S. . Laugliiin. Piesident McCiary announced the committees at a second meeting held Monday night as follow.-: Eiiteribinnn nt, A. Ross, .1. O. UeddiriK, I'. II. Morris, W. J. Aim liehl, E. M. ili'.r. Membersi ipJ. T. Brittain, U. v Hayes, Ii l. R ,ss. ! lhiiuee 1. II. Ionis, two ot!i eis o be app 'in led later. The e.xei.ii'ive ciimmittee is com posed of the eliiiiriii tn nf these cun iiiittees an. I t'ie ollieeis of the As-.o-i ii ion. The membership of thp aasoci iiiou now numbers twenty nine. U the in eimg Monday about sixty itize;- were present and m.inv matters iP'ni"g to the up huild ini,rof tto;nlr i v re discussed and much etn.ji la.iin :s being manifest ed. The sun', ss of the association is assured and Ashebor is expected to forge nte i lily to the front. CEDAR FALLS MILLS SOLD. O. R. Cox Dispose of Cotton Mill In terestsHas ot Decbleil to Leave Arhebot-o. Mr. 0. R. Cox has closed out his interests in the Cedar Fall Cotton dills to J. O. McAiister and otheis of Spray. The deal was consu mated a few day ago and today vir. Grant Estlow who has been with the Holt mills at Graham, takes charge of the mill for the new owners. Mr. Cux recently moved to Ashe b ro and is now making his home here. When seen by a Courier rep resentative he coi.firmed the report of sale saiig. ' "It has been said that I have re tired from business. This is un true" Contuuiiig he declared that he has not decnl-d what he would attempt in th- future, except that he would devo'e his time to private mutters until spring. When asked innit the report that he hid tlecided o have A heboio a id Ramlolp Vl i . Cox declared that it was iiiifnund d. That he would not con si.ler th- matter until Spring when he would then probably re eiiiet i lie hii-iuess world. Our i"0)le nill note this with pleisnie Hi it. tne report is untrue. ii Ci.v h a mill of ability and en-lrp:-iv. vi I such men are valued ALBEMARLE SUFFERS FIRE. BY Xc -laii i- Ollit-e and I.ivt'i'v Stable Co l'p in Ma me-. Fir.- on' iii pie I ivry sta ble of ,1. Ii E i'd, a' A b marleSun dtv, ent' i ly ib'St rov i'4 tne tiuildin a . i eon lis i he fir occurred at 2 .('clock in 'h" morning and whs ioi t'.ir inlvanced when discovered to .iiii-r tie bii'dmg atall. Eight?eu head ot Ii i's-'S were burned to death besides nil venieles, feed, etc. The loss to lr. E tin I was about $4,500 Cue I'liilili ij; was owned by Miss Srtllle I'dalock. I in- 1 i vyowiud carried the llames nib., i e biiildina of the Stanley K ' p "''. and with the ex!etion i . . ..r .nice j (I) presses this e- ii- ,i I), i.i. v.io desi toyed. Editor J. ia't just, completed the i i- ai' i o nis plant, there and .(S li"' on 'he second floor. He ad 'i tine . qiiipnieiit. The loss of Kd "if t ivi is is near $7,000. He mired "ii'v $2,3'lt i.isurauce ou his id mi ' er a no insurance on the milt !'iij, which wis one of the li'e I a - t i.. Ubemarle The total will ..liiMm.i," ,i i ast. $10,000. Ilrady-Ferree. Cards lime tieen issued by Mr and li-. d. C. Ferree, of Ramseur, a ii.oiineiiii4 the mal tinge ef their 'i m a ii ' liss Ylary Pearl Ferree to leio.er' dradv. Tne marriage will o -n euiinzed a' the home of the . i V uivur,s Mon lty night. i s l-'i" ree ' is one of Katuseui's iios "pnlar vonnrf ladies. The hi is a fine v..ung man. He I i ,i position with i he Crescent ii.i'c Co. i't Kniiseur and is a .-. ll oi C.i'viu JJia.iy. Horrible Crime at Thomasville. MALTREATED CHILD. Mr. and Mrs. Shoaf Indicted at Thomas Friday. II. H. Shoaf and wife, of Thom asville, have been indicted for whip ping a child t of Mr. and Mrs. P. C. Fields, of High Point. The child was four yenrs old and was visiliiing ilr. Mioafs's children. The diferilJants Hum that they whipped the child for b.ing unclean about the hous.'; the child was badly l .Uen. being gasned iu many places and by some mea is its arm was bioken. It Was also slated that the eli'ld w.is tie I up in a s.ick and dip ped in a ! u I o' cold water. Shoaf chin 1 that he tied the child in a sack the night before to keep it from seraLchiic its face while it slept. Mr. linf has given bond in the sum of .-JioUO for his appearance at cmrt. Mrs. Shoif has not been has not been able to attend a prelim inary harii)!j lieuriDg on account of illness. Mr. Shoaf is superintendent of the Cramer Furniture Factory. Honor Roll For Ortaber. FIKST GRADE. Clef a Rich, Sidney Wood, Be.u Bui hi Garnetce Allen, Mary Dick ens, Ruth Cox. Robert Jones, Hazel Spoon, Clifford Hall, Dona Lee Laughlin, Irwin Hooker, Henry Rich, Haunah Lewis, Dexter Low dermilk, Alice Huusucker, Elsie Presnell, Margaret Rich, Blanch Steed, Alva Betts, Stanton Skeen, Frauk Redding, Ray McPhersou. William Dickens, Lucv Beck, Lola Beck, Leunie Bean, Edith Brown, Shafter Free, Ira Kennedy, Frank Kivttt, Autbur Birkhead, Jim Birkhead, Fannie Ingram, John Kivett, John Spoon, Jesse Robins, Clyde Williams, Teete Miller, Wil laid Wright. SECOND GRADE. Colon Spoon, Kate Nwby, Urslie Clark, John Brittain. Hazel Kivett, arne Burrow, Curr Loflin, Banks Ritdiardson. Howard Dickens, Grace Pn snell, Roy Allred, Carl Uogers, Colon Bunting, Edith Betts, Eva Lewallen, Tern Ferree, Etna Glas g'.. Lillian lluiisnc er. Ruby Wright. Novie Styres, Lucile Ward, Faye Fiee, Lt'tui Williams, Bula Webster, Mai-v Mollitr, Lucile Mor-ri-, Martha Evelyn Vurris. TH I KD GUADK. Lih Slack, Eflie Cit.kor, Prvn j Webster, Minnie Puisli-v, Jewel ' las gow, Ruth Mcl'beison, Nettie New bv, Dorothy Heiley, Ethel Piesnell, t'l.d" Cux, Joe Hendricks, Rtisit La-siter. FOUKTH GRADE. Je.-S'e Wood. Lela Hay wort h, Grace F-'iree, Kate Walker, John Swain, Fleta Lewallen, J-.-si1 Ward, Clara Presnell, Nannie Plummer, Rilla Spoon, Edith Huusucker, John T. Muffin-, C'eou Spoon. FIFTH GRADE. Carl Aumau, Eertt Kendall, Fred Slyres, Lester Routh, Willie White, I la Aiken, Connie Aurmn, (iertrude Ferree, Louella Lowe, Cora Siowe, Hilda Slack, Coma Wall. SIXTH GRADE. Mildred Burkbead, Maud Hall, Madeliue Penn, Myrtle Ridge. SEVENTH GRADE. Vinjia Dickens, Fanuie Hannah, Bciilah Laughlin, Euolia Presnell, Mattie Kelley. MONEY STOLEN. Mr. lieorge Cagle Is Robbed of Betw een S2(M and 30O. The Courier correspondent from Gray 8 Chapel writes that the home of .VI r. Geo. Cagle was entered one day last wees: and robbed. The thnf secured between $200 and $300, which was in the house. The family was away from home attend ing a corn shucking. No further information is given. Buggy Deal Clotted. Ticket No. 85253 wins the Fie Buggy. Tne holder' o( tbt- ticket coupon will present it to l:H i"d net t he finely . Leach & Sons, Star, N. 0. Child of. Mr. and Mm. C. I". Fields, ot Ilifrh Point, Cruelly lleaten by a "Friend" at Thomavillc Pare n t Formerly Lived In Randolph. With each day the horrors f the terrible crime uncovered at Thomaa ville last week, grow darker, ancj the entire citizenshipjf the State is touched byth j dotVdi. Mr. John M. Fields, of Rmdle inati, the grandfather of the inno cent little victim, was iu AaU-b.iro yesterday and declares tint words cannot express the awful situation. Referring t'j the case he o ii 1. Fot 3 weeks Mr. and Mrs. Shoaf have tortured the bright ey.-i inno cent foiir-ycar-oid daughter of Mr. and Mrs. l.C. Fields, of Hio-h Point, almost every day coiitinuinsr the torture and increasing the suf- . feriug, permitting the bruises and cuts over the body of the child to become complicated with fatal gan grene poison. Articles have been written but unless one sees with his own eyes, language cannot depict the awf ul ness of the situation. Neighbors of the Shoaf family de clare the merciless abuse of the child for weeks, which was not dis closed until the father went for his little daughter, ouly to find it near death's door from the brutal treat ment of supposed friends. The body of the child was a masa of sores from head to foot. Great whelps covered the legs and nack of the child and blood had Qowe i free ly from the wennds inflic'fd. Oa the head a gash four inches in. length has developed into a poison ous sore; its face is also a mass of corruption; its sides and legs also carry bad wounds, and its toes mash ed as if trampled upon. One arm; is broken and the physicians declare that it had been dot. ten days, anct ' was without medical attentioi . -It was a pitiable eight, and strong men and loving women wept when thej beheld the intense suffering of the innocent child. At the preliminary hearing wit nesses told of the torture which had been going on for days, but no one suspicioned that the "little life of the victim was slcwly being tortured awav. Eli Cosset, watchmau at the Cramer factory, a short disUnca fr m the Shoaf home, said that when he began service as watchmau two weeks ago, he heard the chihi st reaming while undergoing a heart less whipping by Mr. Si oaf who swore viiely at eiich lash of the whip. The child screamed until it was almost ?xhansted and that ha veut to the other side of the bmld '"" and wept so pituhle were the cries. Other neighbors stated thar perse cution was contiBiious from sun to sun, and that they had been it roused by the pleadings of the child in the deau hours of night. These are only some of the facts' in brief and partially convey aji idea of the henious crime. Tae Shoafs aud Fields were fiiends. La6t summer Mr. Fields, who is a brick masan, spent Several' mouths at Thomasville and wag. impressed by the cleverness of Shoaf , This developed into frieu ship and their families visited each other. Mis. Shoaf, expressing devotion for the little FHds child puisuaded the mother to let ihe little girl visir he jat Thomasville. It had been there a month. A few days ao Mrs. Fie ds wrote for her little daughter, and in reply Mrs. Shoaf said the child was enjoying itself and t dii them not to wcry. Lau-r Vfr, Fields went for the chi d to find ii li. the above condition. Stioaf and his wife were arrested and are now in jail, being denied bond. The people of Davmsoo coanty are enrayea over the affair and Monday the Lexington Militiary Company was called out to pruect the prisoners iu case of an atuck npon the jail by a mob. CapC Jenea Married. Capt. M. L. Jones, the successful cold miner and railroad promoter, wus married last, week to Miss Je mima McGefhee, of Cul Tne bride is a S'S'er of Mr. Jones' first ife, who died mure than a -ar g". J. R. Nkeeil, J. P , pert'irined ihe cermionv. X.