Established 1899
THE SOUTH AND THE CURRENCY QUESTION.
HOW THE COTTON CROP AIDS IN MOVING MONEY
AT HOME AND ABROAD. PROSPEROUS
DITIONS REVIEWED SHOWING AD- '
VANCES MADE IN 1907.
(Written especially for "The Financier" by S. A. Ashe, Editor
Biographical History of North Carolina.
The year just ended has been
one of notable progress in the
Southern States. - There has
been more than the normal ad
dition to population, a consider
able increase in agricultural and
and lumbering development, a
continued enlargement of milling
enterprises, and the construction
of new railway lines costing
manv millions ©f dollars.
While much of the eapital in
vested has come from the North,
a large part of it represents tne
earnings of the Southern people
themselves. The immense cotton
crop 1906 sold at a high price and
sold at a yield of over seven
hundred million dollars. With
this substantial basis for trade,
business was steady and profit
able; the people prosperous and
happy. Labor was better paid
than even before, and the
demand because of increased
activities, being abnormal, all
were employed and at an advance
in wages.
The negroes, whether tenants,
croppers or laborers, shared in
the general prosperity and con
tentment. Indeed it is to be
doubted whether in any country,
at any time, a similar population
has been so happy as the ne
groes of the South- have been
during the past year. Compared
with the negro residents of the
Northern States, the record is
remarkable; for, having regard
to numbers, where one negro at
the South has been punished
criminally, one hundred at the
North have suffered at the hands
of justice. Busy and contented
men are not usually criminals.
Pari passu with this industrial
progress have been some educa
tional and social movements.
Still greater efforts have been
made in educational lines, while
the extension of the antiliquor
sentiment arrests attention. The
South has been pictured as of a
rollicking temperament in a loose
way, people speak of the cavliers
as the original of Southern pop
ulation. Virginia alone had much
of that element. But there did
spring up in colonial days at the
South a class of American gent
ry, wealthy, dominant and
masterful, who have been wrong
fully associated with the frolick
ing cavaliers of historic fame.
On the contrary they were rather
of the Calhoun type—determined
in action but always demanding
a clean life.
Bnt whatever was the in
fluence, the event speaks for
itself. A large part of the South
is already prohibition territory,
and apparently before another
decade has passed no ardent
spirits will be sold, except in
sports, between the Rio Grande
and Potomac. Thus busy and
sober, the cheerful South is mak
ing great crops and amassing
wealth that finds profitable in
vestment in new factories and
others industries.
The cotton crops is now grown
on some thirtv millions of acres.
It employs tha bulk of th* ne
groes and a constantly increasing
number of whites, probably one
half of it being alreadv made by
white labor. Aspopulaticn thick
er and the needs of the world
require it, others millions of acres
will be brought under cultivation,
so that in time a crop of twenty
millions of bales will excite nc
more remark than that of last
year. Nor are there crops oi
interest only to the South; they
are a precious gifts to the whole
nation. Nearly two-thirds of the
production goes abroad, and
country an annual trifcut® that
:: afc'.v;-.«• ■*&&*•*****«** i ■•*ssr#r*i*tK:-*• sr*z>-*ijk -TO* « --a- pun mi ii immn n i •»- -:* - * ---• •» *•-■
THE HICKORY DEMOCRAT.
*>„«. -/ >— • --' »*• ' -.u>, V?:- .... -
plays an important part in ouj
national housekeeping. Lasi
year our cotton exports broughl
us, perhaps, four hundred mil
lion dollars in .gold.
In a decade this item will give
jus a balance of trade approximat
ing four billions of dollars. Whal
an important asset to the credit
of the nation abroad!
In times papt the South has
prided itself on the contribution
to the nation in men; on the
superb sons who framed the
I Declaration of Independence, and
'who fought on the battlefield;
Washington and Jefferson; on
Monroe, who formulated the
doctrine of the Americrs for
Americans; on the addition of
nearly all the whole territory
west of the Mississippi to our
national domain by Southern
men; but now the South plumes
her feathers and takes pride in
her contribution to national
prosperity and in securing
commercial and financial in
dependence.
Nor is the practical advantage
to the industrial life of the na
tion to be overlooked. Our cur
rency has long been ill-justed to
the needs of oar growing coun
try, and sometimes the pressure
for funds is so severely felt that
we mvst look to gold imports to
maintain the equilibrium. Dur
ing the year 1906 the South bare
ly averted a disastrous stringency
by transferring 148,000,000 of
yellow bops from the vaults of
Europe to New York. That was
possible only because of the cot
ton crop. The currency famine
through which the country has
passed would have been suffi
ciently remedied, perhaps, in the
same; although it would have in
volved something of a sacrifice
in hastily moving the crop t
market.
Indeed, the currency matter is
a condition which threatens to
become an acute trouble orfclight
provocation. While we have,
say, $2,800,000,000 of currency
outside of the treasury vaults,
the vast harvests of our great
country have increased the bank
deposits to fifteen billions, and
the bank reserves must need be
more- than two billions of dol
lars, leaving only some SBOO,OOO,
000 free currency. That may
have sufficed in a less prosperous
era; but now, with prices of pro
visions, labor, materials and real
estate advanced soma thirty , per
cent, the slightest deviation from
the normal adjustment produces
an irregularity. There is not
«ough margin for a play of
ose forces which constantly ef
fect a disturbance Jn business;
and until this condition be reme
died by some device allowing
some elasticity to the currency,
there will be repeated returns of
a currencv famine, threatening
to close all factories and putting
in peril. the industries of the
whole country. In the past, the
cotton exports have given us a
credit abroad, aiding substantial
ly in applying a hasty remedy to
avert the peril; and to this ex
tent, the entire business of the
United States is debtor to the
fleecy staple; Recognizing the
thus conferred, the South
must be congratulated on the
circumstances that afford her the
ability to render the service tc
the nation at large.
Miss Blanch Bailey, of Winston
N. C. Miss Lois Stewart, of
Salisbury and Dr. Brown, of
Philadelphia spent the holidays
with the family of Mr. H. D.
Abernethy,
HICKORY, N. C.,-THURSDAY, JANUARY3rf9OB.
Morally a Woman Has Just as
Much Right to Make a
Fool of Herself as a Man
Has.
Has a woman a right to make
a fool of herself if a man does?
This would make a good subject
for debating societies. A man
will stay around nights, visit the
gambling dens, play poker and
lose money that he ought to
spend for theeomforts of his fam
ily. At the same time the wife
is staying home sitting by a
cheerless fire and taking care of
a number of children, that she
has only a half interest in. The
man will visit the saiooas, smoke
cigars, play the wheel, drink poor
whiskey, and occasionally goes
and plays with the girls that are
not of his own family, whiie his
wife is home trying- to save mon
ey for the family by patching,
darning and going without
things for herself and the house. ,
A man at the same time will "go
out with tie boys" and spend
$25. Is it right? Sunposfng we ,
turn the tables around and
what will happen? Supposing
the wife takes a notion to have
a little time of her own ? Let her
goto the bowling ally, billiard
hall, the saloon. Go off to a
convention or some other place f
with a lot of gay girls and have,
a goodtime," spend the money
that ought to go toward paying
expenses, smoke cigars, drink
several different kinds of booze 1
and come home with a bad taste
in her mouth and in a generally
stained condition, wouldn't it
break every link that binds the
home circle together? Morally,
she has just as much right as a
man to do these things. She has
just as good a right to be a fool
is a man, but what would happen €
f she would? It is easy enough I
:o guess. There would be c
iivorces and other things too r
lumerous to mention.—Ex. li
p
Some Observations on Adver- c
tising. t
[lndiana Retail Merchant.] \
The mah who does not adver- * L
;ise because his grandfather did a
lot, ought to wear lmeabreeshes c
md a queue. ' s
The man who does not adver- c
,ise because it cost money, should
juite quite paying rent for the
>ame reason.
The man who does not adver
tise because he tried it and failed,
should throw away his cigar, be
lause the.light went out.
who does not adver
;ise because he doesn't know how
limself, ought to stop eating be- ]
2ause he can't cook.
The man who does not adver- ]
tise because sorrysbody said it did
not pay, ought not to believe that ;
the world is round because the
ancients said it was flat.
N. C. Moonshiner Caught
Yesterday.
Dec, 27—Oscar Sisk, the
Stokes, county moonshiner who,
it is alleged, shot and killed
United States revenue officer J.
W. Hendricks, from Ambush last
Friday, was captured today in
the mountain fastness of Stokes
by two mountainers and tak«n
to Danbury, the county set.
The United States government
offered a reward of one thousand!
dollars for Sisk's capture.
Hendricks was slain while lead
ing a raiding party near Smith
town, the stronghold of blockade
distillery. Sisk will be taken to
Greensboro tomorrow and it i&
like a special term of federal
court will be called to try him,
as the regular term is not held
| until April.—Asheville Citizen.
"If two-thirds of the girls who
go on would go to the
kitchen instead, there would be
a whole lot more happiness in the
world," says the Birmingham
Age-Herald. But not if their
i cooking is as bad as their acting.
The Labor Proble ?.
The labor problem is btu.-.g dip
cussed pro and con by every one
that is trying to run a business
enterprise. Those experts on
what mikes prosperity and hap
piness among the masses declare
that we are on it, their sure sisrn
is that when one job is hunting
ing four men as against the old
rule wnen four men tried to get
the same job. Now we think
the present *s worse than the
past.
Both are e*?t of the normal, our
idea of bu. ii ess and a good
time for body is to have a
job for every man and a man for
every job.
Competition is the life of trade
this maxim will fit the industrial
as well as the commercial. The
man who poses as a laborer can't
stand much pressure, he soon
demoralizes or as it is sometimes
called he gets too big tor his
Dants, he has nothing to lose, he
has too much freedom to move
costs him nothing.
Just talk out his fire
And call his dog (so to speak)
Somehow the contingent known
as laboring men
Is a contradiction in N, C.
The able-bodied citizen
That goes and gets a wife
A scholar and a gentleman
And then hires out for life.
To always have to have a boss
And come at some ones call
He might as well be dog or
horse
He arnt no man at all.
No never in this favored land
Land of the brave and free
With opportunities so grand
And great big fprn\s for thee. .
Cut out all this rot about for
eign labor serf, peasant and pau
per coming in competition with
our free American labor. Re
member we live in the South
land fraught with the largest
possibilities known to the agri
cultural world but since before
the days of the patriotic cap re
volutionary fathers we have been
handicaped by the incubus of
slavery and all its evil following
of worthless free negro citizen
ship. We are tired of present
conditions.
Baring Booker Washington
And Nigger Bishop Wood
With here and there a good old
one
The rest are all no good.
They're vieios and they're lazy
They wont'work any more
Just export them seems best
to me
Back to dark Africa's shore.
We say ocen wide our southern
ports anu bid ihem welcome in
vite emigrants from tha rural
and agricultural districts of
France, Belgium, Sweden and
Germany and all the old world
that speak the English language
Owe mean white folks first last
and all tne time) the Lord
knows we have enough of the
colored kind.
And now you mud head smart
Alec
Just hist your crooked legs and
kick
At the foreign emigrants
Cbunt backwards and you'll find
perhaps
That peasant men were your
grand paps
And their wives were your great
aunts.
Lets have them come and set
the pace
Of energv for our white race
And develop our great wealth
And cross our y»ung ones with
thur blood
They're brainy and the stack
is good
And learn from them the guide
of health.
The -Charleston News and
Courier proposes this new year
toast: "Here's to our noble
selves. D d few like ust"
Teachers' Meeting.
The teachers of Catawba
County are requested to attend
the meeting to be held at Newton
on Jan. 4th 1908, in the Graded
School building.
The Teachers meeting is che
most helpful agency; and it is
being so recognized by the teach
ers. The following are the
subjects for discussion;
1. The Secret of Holding the
Pupils Attention. Profs Lewis
Bolick and A. P. Whisenhunt
2. How to Secure and run a
Rural Library. Miss Emma
Lutz, Mr. John She ri 1.
3. The best Method of teach
ing English. Rev. P. C. Henry
and Prof. Chas. M. Staley.
4. How to Secure the best
Results in Teaching Arithmetic.
Profs. A. C. Sherill and Chas
E. Mcintosh.
5. What Class of work should
pupils do at home. Rev. C. 0.
Smith anH Prof. G. W. Hahn.
Drill Class in Writing by
Miss Olive Duke.
Etta Raker. Sec,
Christmas passed off very
quietly. There was a shooting
match for chickens and turkeys
at E. S. Sherrills store.
There was a Christmas tree at
Rocky-Mount church and a treat
of apples, candy and oranges
for the Sunday school. The tree
was well loaded with presents,
some quite nice and costly. In
the absence of the pastor, wl*>
had been invited to attend, a
short address was made by Dr.
B. G. Flowers, after which the
presents and treat were destriout
ed.
The large crowd present seemed
to enjoy themselves to the full
est.
Mr. and Mis. D. S. Hetikel
left Thursday for Charlotte to
spend a few days with relatives
and friends.
Mrs. L. D. Sherrill and chil
dren, of Hickory, jpent last week
in the country visiting relatives
ind friends.
Mr. and Mrs. John Turner, of
lear Hickory, visited relatives
md friends in this vicinity the
latter part of last week.
Mr. John Mackie, of Texas, is
risiting his parents and friends
n this county. He has been in
Texas for thirteen years.
He has been very successful
iince he left North Carolina,-
laving accumulated quite a little
fortune. He reports a stringen
cy in financial matters in Texas
is well as in North Carolina.
Farmers in texas are holding their
cotton for better prices. Mr.
Mackie" s brothers speak strongly
>f going with him when he
returns to Texas, which will be
ibout the middle of January.
Mrs. J. S. Mull died at her
home in Lenoir Friday night and
was burried at Poovey's Grove
Sunday evening.
She had not been in the best of
health for some time, but retired
Friday night apparently as well
as usual, and was found dead in
tier bed Saturday morning about
2 o'clock. She leaves a husband
and several children to whom
we extend sympathy.
Mr. R. W. »Sherrill, who has
been away for a year or two was
at "home during Christmas.
Mr? and Mrs. Will Link, of
Lenoir are on a visit to relatives
and friends in this community.
They expect to remain several
days.
Mr. R. P. Huffman has return
ed to his work in Lenoir after
spending the holidays with his
family and friends.
A. happy new year to one and
all December 30, 1907.
RABUNTA.
An entire new schedule will gc
into effect on the Southern aftei
Jan sth. No 21 and 22 will be
discontinued. The C. & N. W.
will also change schedule.
Democrat and Press, Consolidated 1905.
A Happy New Year to All.
A happy new year to you,
child of today! May you know
more of sunshine than of cloud,
and more joy than of sorrow;
may your tumbles and bumps be
few, your laughter be frequen
and long, your play be unre
strained, your sleep refreshing
I your dreams pleasant.
A happy new year to you,
bright youth and rosy cheeked
maiden of our city and country—
all happiness in the ambition,
the joy, the friendship, the
competitions and the rewards of
social life. Success to you in the
endeavor whereby the firm, en
during basis of true manhsou
and of noble womanhood are laid;
with which success comes twofol
happines—happiness to i thers
and happiness to yourselves. ,Go
forth gaily and confidently into
the new y°ar, 0, you who art
beiutiful in the fresh vigor of
vour youth! _
To you, whose lives are hallow
ed with the grace of maternity,
not one but many, many years of
happiness! Live long, wives and
mothers of this land, to sea the
lives you have cherished expand
into beauty and usefulness; live
long to know and feel the sweet
rewards of gratitude, of venera
tion and of love. Survive those
hours of pain, of cruelty, of
watching and of sacrifice—live
through it all, dear, patient
martyrs, to share the peace, the
repose, the contentment, the
compensations of the future,
;hat surely wait for such as you.
A happy new year, too, to you,
grandmothers and grandfathers
sverywhere! LOOK out upon all
iround you and see how passing
J air the evening is; and all that
s to be heard invites content
nent and repose. You hear
voices, too that we do not hear—
hey have never been quite for
rotten, and they speak to >ou in
he sweetly solemn twilight of
he morning that followeth the
ivening, and of the waking that
ometh after the folding of the
lands to sleep.
Yes, to tJl—the young, the old,
he hight, the low—a happy new
ear, a happiness arising from
nd tempered with wisdom,
aith, hope and charity.
■f
A Card.
This is to certify that all drug
:ists are authorized to refund
our money if Foley's Honey
nd Tar fails to cure your cough
>r cold. It stops the cough, heals
he lungs and prevents serious
esults from a cold. Cures la
frippe coughs and prevents
meumonia and consumption.
Contains n© opiates. The genu
ne is in a yell6w package. Re
fuse substitutes. W. S. Martin
5: Co.
Christmas at the Reformed
Church.
The services at the Reformed
ihurch, was a most delight
ful one. The church was beau
tifully decorated with ever
greens and palms with candles
arranged so as to give a most
pleasing effect The program
was well rendered and consisted
&f a very high order of music.
The church orchestra added
much to the music. The attend
ance was large, the church be
ing crowded even the standing
room being taken. This sh
o'clock service has become t
fixed part of the Christmas ex
e:cises of the city.
■v
Statement Gccepted.
We note that Henry Killiai
emphatically denies coming bac]
to the old party.
Mr. Setzer says that he wi
gladly accept the last statemer
as the truth, for- it leaves th
party in better shape than :
would have been otherwise.
Professional Cards.
; D. L. RUSbELL j
AT rVOKNBY'AT'LAW
; Prompt attention given to all matters
- of Legal Nature
Office:
Main St., Russell 81dg.,. Hickory
Dr. T. F, Stevenson
PHYSICIAN AND SLRBtON
Office at Home
%
Calls answered at all hours
Phone 295 - Hickory, N. C.
Dr. Walter A. White
DENTIST
Office over Menzies Drug Store
Hickory, N. C. j
%
DR. W. B. RAMSAY
DEN J IST
Office: Second-story Post Office
Hickory, N. C.
K. A. PRICE, M. D.
PHYSICIAN & SERGON
Calls answered night and day.
Office at Residence 1203 6th St.
Phone 94 - HICKORY, N. C.
Hickory Markets.
PRODUCE ,
Corrected every week by the
leading grocerymen
BUYING PICES BASED ON
FIST-CLASS QUAL H Y
Corn, per bushel 70
Oats, per bushel 65
Peas, per bushel 1.25 to 1.50
Potatoes, Irish, per bu 75
Potatoes, sweet " 40'
Onious, per bushel 70 'l
Spring Chickens 12 1-2
Hens, per pound .8
Roosters, per pound .03
Butter, per pound, 12 1-2 to 20
Eggs, per dozen 20
Wheat, per bushel 1.00
COTTON MARKET
Strict Good iddling 11.60
Good iddling 11 1-8
These are prices paid to wagons.
The General
'
Accident
Special Deposit With N. Y. 1
Insurance Dept $250,000.00
Change of occupation does .
not forfeit your policy.
Claims are not reduced by -
reason of other insurance
All honest claims positively
paid at sight.
Increased Benefit: Ten per
cent is added to all benefits on claims
originating after the payment of one
year's premium in advance.
Double Death Benefit and Ac
cident Monthly Indemnities are paid
if injuries are received while on pas
senger conveyances propelled by
steam, cable, electricity or compressed
air.
Health and Accident Insur
ance combined in one Policy.Month
-1 lv Indemnities graced according to the
* hazar| of the occupation and amount
of premium paid. - s Absolutely the
most popular form of insurance offered
to the public. A policy that any wage
earner can afford, and will make him
independent. It pays for rent, living,
clothing and fuel while disabled from
» accident or sickness. It gives a man
( food, solid comfort and confidence in
1 the event of disability to know that his
" household is not deprived of its usual
comforts. Our policies provide indem
nity 24 months for accident and 6
months for sickness.
It is cheaper and safer to have it
always and not need h, than to need it
once and not have it.
The B. & P. Policy paying SIOO
per month, cost $2 per month.
le s WALTER E. SLOAN
it Gca. Mgr. Statesville, N. C»
W. A. HALL, AGENT