Newspapers / The Twice-A-Week Dispatch (Burlington, … / July 30, 1913, edition 1 / Page 8
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fc. r (Continued frum p'lRe 1- on the .verge oi a ous breakdown. He anserted th I physical ner it Many people called, but one, William Usher, a suburban shoe manufacturer, concluded to be- interested. King' tola aer that if he would finance cherne he would give him a mnt of stock in the i King, come T the morneni; bis health had been restored^ toju-.e makeiraviujnj;pOitible he h-u |ceilain amOv...- . 'p i.] retariied to Boston, able and arix- ] to oe .organized kiL>g-Cruwther, that he had been the | company. K tnmH.iy 'rRcy. He issu-1 ted he knevv n he set fourcnlAU he knew lous to prov victim of a consp ed a book in which lotbing' admit' about it, up m to investigate him. Inspe ctor Snow one of the best in the service spent a month trying to find anythin?? crooked or ir regular. Snow made a report- and Uncle Sam never bothered The compliment Snow offered him a position at double the s; liry the govern ment paid him. He accept^:d ■ ■ ^t life ic^np.th i-he history ot his! haci said, d called ihe methods used | go hinipeli. or _ by enemies in bringing about | cive to Texas with his financial do'.vniall. ! cide on the ground his trijs- i was any oil i’i'Uid . .v ,i _ ' T a« • t beftii tees ?rt tage lu JL>: i turrh lies f. reiui and t. sold. On bank was I COU:’’ .iin, as what Crowther i and waa piaccd in s departmai He wanted Usher to i King had estabhshea to inves! or send a representa- im and de- V ,ether there h while. ;end his about u Usher said he woumI on, VViiiiam a young man Kmg ana y, and the u: c’. f.ud his tV. O a 1,1 cer- r $5000 more, i to )6 0)‘.nce lu Bi f >re njs autcni;')bile.s ture had been gate all compcmies formed Irnd out w’hat r.hey were he oftered the.ir stock. The hou?' e of King in fiiviociaj circh’-s^was getting big. iat King ha;; beeii a newspaper man,' and lie couki not keep away from it. He i'i’e Aing /jair; ivi Icit Bostofi, he had rnoj rus5 resident at GO Fowoi for $15,000, and the j 30 years oI! age, ami a his house, his office j ^ oung Usher got Du aurr;nioL)i-1 elder Usher gave his son rined check for$5000 with which ae was to pay for the and meet ail expenses in , It was agreed ihat if the land I Be employed from other Boston ■riked good that the leases and started a daily financial news paper which cost him $50,000 a year more than it took' in—but chat wouldn’t do. Me would Texas. I make a real newspaper out. of it :arcn_i v.tcv i>: :d in ti X a petition m the king matter e United States 10-' the opportunity should be in- 'oroorated for $.3,000,000. no .J ere mi HO Smitr: ui t^d receiver. I They _ .. dis-1 tion arid ca.lled in experts—and I >f I Usher cashed his $5,000 check;' .as iiieO m the tjniced I secured the charter and King i/lSii.'lCl Ooul u b}' Od- S late sc was On April 25, lOOB C!0; Kin Btai :ppomt" scheciul King and Usher went toTexas. made a complete examina- ne Hbilidfes and assetts United i secured the charter Charles ^ hastened home. A. J'IcDonough, attorney lor petitioning creaitors. Itshovv'ed liabilities ofS297,- 8B1. 0-5 and nominal assets oi $i3" 0G8,7B, &nd stated there were about 400 creditors. the' T.hen it was that one of the most elective advertising cam paigns ever pulied off in Boston was inaugurated. Display ads and readers made the Boston papers groan. Ttiey all eagerl^^ THE mum OF c, papers the best they had: equip ped a- staff as fine as any that was ever together in the city of Boston; made mechanical ar rangements with the Travelei— and dropped $250,000 in a few months—and Vv’hen the Knicktr bocker bank went under many of his customers Avere caught, people Vv'ho owed him money. The newspaper suspended and then came the end. King turn- ed over $300,000 worth of pro perty to triisteesi Some of his creditors complained that they had sent King money to buy stocks—and insisted that he be thrown into bankruptcy. . He had left the country—not think- me s i'i; 99 .1 Fair brother.) Tf^ere died in Boston, July a Jsoi’th Carolinian v/ho_ ciimbetl from poverty to a millionaire--- who lost his money and died in the State hospital-under sen tence for a term of from ten to fourteen years convicted of larc eny. His name was C.F. King. He v/as known in North Carolina, once lived in Greensboro, North Carolina, and since 189o had been a resident of Boston. King was an operative in a Swepsonvilie cotton mill 35 years ago-quit that drudgery and went out as a book agent at the age of 12 selling a Life of Christ From out to accepced the copy and the day I of the “opening” on State street 11 a procession of investors a quart- ‘er of a mile long was in waiting. . „ I The State street offices were piledU'^g' l^^ to be iridictech_ He ihigh with all the palms and flow-1 bad property to pay the $oo,000 i ers that Newman, the ficrist had | which had been sent him. But !~abandof music added to the he maae those persons preleired occasion and the clerks couldn't Vvrite stock certificates fast en ough. It was a success. King had a million of stock of his own, I Crowther had a million and the treasury a million. Things went smoothly. Pipe lines were laid, new wells were drilled; oil was sold and a town laid out. King- flushed with vic tory made a toui over his old territory in a private car—carry ing with him an advance agent for publicity and having with him a secretary a high priced newspaper man of Chicago—a colonel on the governor’s staff, that 'business he started j and pages of pure reading mat- run a newspaper-made iter v/ere bought in Samt Louis, but little success of it at Dan- j in Memphis, m Atlanta in Char- ville, Va., and then took up the I lotte and Raleigh-telhng of cause of labor-quit lhat and j King’s rapid and wonderful rise turned his attention to advertis- and showing pictures of his ing. He worked in Atlanta, St. | beautiful home Beacom Vills m Louis, Memphis and other South-1 Boston. ern towns-made good in| Money flowed like water. King “feature’' advertising, and final-i was a royal spender when he ly drifted into Boston. He bad the coin made a contract with the Boston i ^tit something got the matter Traveler and while on that paper i with Texas and something like formed what he called the New |oOO corporations were drivpn out England Newspaper League and | of the state. It was claimed that with a party of good newspaper jKing-Crowther was too high men representing a half dozen I capitalized. Men tried to black- flrst ela-^s Nev/ England news-! mail King. He wouldn’t stand papers, invaded the south and i for it. Finally friends deserted did a great amount of busixiess 1 him, sold him out, and he with- 'writinguD towns and individuals. I drew from the King-Crowther He made‘some m.onev out of this, i corporation and went to Cali- and saw the possibility of great-! forma or some western state and er thing". Then he formed what' Jriade arrangements to float a he called the Great Eastern! gold mine. This was a success. Newspaoer League securing- for ; He made money in several way*^ his i.fTgregation the New York! selling stock, and finally the King Sun, the Philadelphia Times, the;and Crowther people floating; ouiiea Hnucy iu creditors. They objected. He was indicted and found guilty and sentenced to prison. The day before ^he died the council granted him a pardon over the phone to the governor. But it had to be done in meeting and the council was to meet at 9 o’clock the next morning. But at 3:55 he died and the pardon came too late. I could write a 300 page book concerning King and the really wonderful things he did. Many think King was not on the square. I always ,found him honest and sincere. I |did some work for him. I had opportunity to be interested iin many of his com panies—but I never cared to quit newspaper work. King had his faults as all of us have but as Joe Caldwell remarked, ‘'King is one of the most remarkable men the south has produced.'' From obscurity; without educa tion at schools; playing alone the game of success in a world of which he at first knew nothing he certainly was a man of won derful genius. But getting rich quick; wanting to show his riches and plunging into all kinds of extravagances—those were un doing. I have heard good friends of mine criticise King. Perhaps they were just—but I always had great respect for his sincerity —and with me he was always honest and I never knew him to take money or do anythih'g that was not within the pale of law. 1 did not admire his factics, often told him so^ but he didn’t care. Boston Journal and the Baltimore; the name of the Boston | ton, N. C. and sk eps in the same Herald—went to Pullman 111 and Maine company vvith a new ^ ^ ^So as a liughUs h^ induced him to come | barefoot bo^^^^ painted the names of the papers i back-to apn be president. In J known be was represented upon it, and started i deal he certainly showed (Hit c ossintr the continent threr*: himself to be honest and on the:^ would have attend .d the ^un Sy, viy?t1ng Just what ever did be-; eral~and I would Im upon principal tovvns and cities—m.ak- come of tne corporation I do not t wreath _ot flowers, ing good He had with him al^*^ow. But King had established sSffS artists tnd cor^^^^^^ and he had, the con-^ infln\te1y more, guilty o dents. I was with him as a cor-i of New England invest-; wrongdoing than was respondent-and learned to know! ors. He printed a weekly bul- i ^ him very well. I was his friend! and m that exploited his while he was li/ing and am his flocks. He was the biggest friend now that he is dead. ■ rinancia! advertiser in the east— After quitting the newspaper!^P^'^ding thousands of dollars, bu in^ss King concluded to be: He occupied the entire fourth whai he called a financial agent, i floor of the Boston Journal build- He was doing newspaper work ! ^ad an army of clerks and inten- C. WELL-KNOWN MEN AT KINO’S FUNERAL in Boston when one day there on all kinds of stocks for came into his ofRce a man from j sale-charging a commission. Texa.siiamed Crowther and want-l'^ ith his wonderful organization ed to know if King knew any |he could sell thousands of dol- one who might be interested in’l ^ars worth of stocks in a single Texas oi Hands--Crowther claim- day—and to make $2,500 net ing that as a well digger in Texas he had disco'^ered valuable oil lands; that he had leased them; that he wanted money to finance them. King didn’t knovv' any but after talking the matter over with myself and Charles Ehrraa:» concluded that he would himself investigate and if C’rowther had ihe goods he would put it over. King had lutle money of his ovv’n at that time. He went to the Humphrey advertising agency of Boston and ordered in a five inch double column adver tisement in all the morning Bos- ^n papers explaining that he had a 100 per cent proposition to offer two or three men with capital. To call at his ofhees ir. the Winthrop building between 9:30 and 11 o’clock that day ht would present what he had. N was no day's business at all. He sold Douglas copper stock, hundreds of thousands of dollars worth at a price where those who invested with him doubled their money and more; he sold stock in the Howe Paint and Color Works; the Erie Preserving com pany, the Bradley-Metcalf Shoe company—closed out the slock of that concern to settle an estate. Stock was worth 30 above par, was a gilt-edged in vestment and it took him but a lew days to close it all, whereas, individuals might have spent months on it. He was swimming in deep wa ter—but he seemed to know how CO swim. He w'as envied and abused by men who felt be was getting into their preserves. The iJOstofHce department was called Brief Eulogy Given by Rev. Dr. EronsoK. Body Will be Taken to his Birthplace io Narth Carolina. Winthrop, July 23—“Know ingly, Mr. King would do no wrong to any one. He suffered unjustly but he is now in the hands of a just judge,” I Spoken amid a hushed gather- i ing in the home of Cardenio F, King this afternoon by Rev. Dr, Dillon Bronson of Brookline. More than 100 friends among them business and professional men widely known gathered in the family home at Winthrop st. and paid last tribute to the man who died in the State Farm in Bridgewater a few hours be fore the Executive Council could be assembled to grant him a pardon. There were so many floral tributes that two rooms had to be used for them. One particularly (Continued from page 8.) \ at 1-3 y siiits of nearly A great many skis giming of this sale, class suits yet to a factor in moving them, the ends. We have sly a few prices, but all other suits in your money Men's Suits of Splendid Materi als and Best Makes. $10 & $12 Suits reduced to $7. 00 12.50 & 13 50 suits “ “ 8. 50 15 00 & 17.00 “ “ “ 10.00 18.50 “ “ 12.50 25.00&27.00 “ “ “ 16. 50 Every Suit ia Stock at Same ProporlioB. Boys Suits—Every Suit at 1-3 RediiictioH. $3.00 Suits at $2.00 3.50 “ “ 2.35 4.00 “ “ 3.00 5.00 “ 3.75 8.00 “ “ 5.00 7.50 & All Others in Proportion. m CLOTHBS CO. MAK.E(iS Bargains in Men’s Pants asslmers & Serges, ef Pairs of Tliis Season es to go Near f liflie- sale One Lot 2.00 & $1.50 Pants at, 2.25 “ “ 3.00 “ “ 8.50 “ “ 4.00 “ “ 6.00 “ “ $ .95 ,1.45 2.00 2.35 3.0v 3.85: 5.00 & 300 Beys KDlcker Docker Paitts a! Clearance Price EXTRA SPECIALS IN HEN’SSUITS One Rack of Men's Suits One and two of a kind nearly all ;izes formerprices$10. 12. 15. I 20. and 22. Now $5. q'.750. 9. 10 ll. Sharp price reductions In Shoes—Hat s & Shirts AU Straws at Half Price. B. A. SELLARS AND SON OF A GOOD TOBACCO AND GRAIN IN PLEASANT GROVE TOWNSHIP, ALAMANCE COUNTY. ON SATURDAY, THE 9TH PAY OF AUdU^ST, J 9 13, AT 3 O'CLgCK, P. M. the undersigned will offer for sale at public auction to the highest bidder on the premises, a tractor parcel of land in Pleasant Grove Township, Alamance County, North CaroMna, adjoining the lands of H. J. Pritchett, T.W. Vincent, James Murray, RufRn Mitchell, John Mitchell, the public road lead ing from Kerr to Burlington, N. C., and others, and containing niilety-four (94) acres, more or less. upon the above described farm are located an excellent eight room two-story dwelling house, a good well of water, good feed barn, granary, three tobacco (curing) barns and a pack house, with ^ room and basement, two tenement houses, one of which is a three-room house with yard and shade trees, an excellent spring of water and necessary out buildings for tenant, an excellent pa^ure of SIX or eight acres, enclosed by wire fence, and three or four nice meadows. About eighty acres of this property is cleared and the remainder is in oak and pine, furnishing sufficient wood for all ordinary agricultural purposes. Upon this plantation is also an excellent orchard and a vineyard, and the plantation is crossed by two streams vi^hich furnish water for stock at all seasons of the year. This farm is located in the midst of choicest tobacco belt of Alamance County> twelve miles n'ortheast of Burlington, eight miles north of Mebame, and good roads lead to Burlington, bane and Haw River, being macadamized a part of the way to each place; within a mile and half oi u Institute (an excellent school) and in one of the best and mort prosperous neighborhoods o* the State. JNlore than $1300 has been realized froni the sale of a single tobacco crop from this fai"^ resting a yep and is therefore in good shape for a good crop the first year. liLRMS OF SALE-One-third of the purchase price to be paid in cash, one-third at the expiration Oj. tw^ve months from me date of sale, an4 the remainder at the expiration of two years from the date of sale, interest to be charged on deferred payments at the rate of 6% per annum. Here if*' your chance to buy one of the best farms in Alamance County at your priie. For further informa* tion see the undersigned. July 22, 1913. . E Dameron,: ton, N. C. VOLVlJ At Amonj who sp€ ter and I Chaa. Jl Mr. Sanr. and sisl Grace Ml ters and! T. Polt i Ail repoi ard the. being ti Burlii The Burling] in ConvJ tist Chi ing Aui There arrang€ to attei w ork. faward| If you School Siipt Scho( V Alani schools! 26 coloi boused T . for the] and a frame Therl schools Haw and EH em of Tnir^ schooh teachej school h(^u^es witn s'.ehool I Alamal cts. Tl add rr 0 the Thel es ia ily. Th| large ■added 1 time These I clean recorc Alai lation 000. colorej ous n ytar a| TheJ publicl has b| fystei pub lit fcnoo| grad I Bchoolj Th( 7J0t n t:iub;s,| bers thougj make I tion, 102 bi ance produl meml Als caie in ti neith^ school monti ^tudej ?nonti WiakiJ fed to IS. ful school Ah tendel year assist Grs A v;ork| i^iedi 1'beF] Raih •'
The Twice-A-Week Dispatch (Burlington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
July 30, 1913, edition 1
8
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