Saturday, August 1, 1925
I
7 W% fl (VAT/ON- WIDE
I M 11. INSTITUTION - i
J L fenneyvo.
• W*JW DEPARTMENT STORES
jO-54 South Untap Street. Concord, N. C.
Just the Fall Footwear
For the Growing Girl or Mist
• A \
A very chic model in patent leather for school
or dressy wear; double strap with one button and
side bow; low walking heel with rub- nn
ber tap. At the moderate price 0t.... ... i ••'O
We Close Every Thursday Afternoon Until September Ist
VISITS CAPITAL, AFTER
ABSENCE OF (14 TEARS
Caleb Ervin Rost. S 3, Tells About Civil
War Experiences —Now Living in 1
Florida.
Raleigh. July 31.—Caleb Ervin Host,
S 3, resident of Miami. Fla, and-nearly
all of his life a furmer about the Cor
nelius section in Mecklenburg, is in Ra
leigh for the first time' since he took a
horse stall on a freight train 04 years
ago and rode to New Ilern to defend the
Neuse metropolis against the bombard
ment of the federate
Mr. Host, who is a first cousin of Mrs.
J. IV. Cannon, of Concord, and native
of the Rost Mills sections in Cabarrus,
is visiting kinsmen in Durham and Ra
leigh. He spent Thursday night jn
Dutbam with Rev. Sidney S. Rost, whom
the patriarch had never seen. From
there he came to Raleigh. Driving over
the capital this afternoon he could re
member nothing that he saw in tile first
days of the war. A vivid recollection
he has of the conflict. Coming to Ra
leigh under ttie command of ' General
LawrenceO'Brien Rraneli. of this city,
Jot Economical Transportation
*New
Low Prices
I
The Chevrolet Motor Company mbcwkw
the following reductions in the prices of
Chevrolet dosed models:
( The Coupe - *675
; former price *715 n
The Coach -*695
former price *735
The Sedan - - *775
former price *825
mil prices F.Q.B. surer, araaux (
WHITE AUTO CO.
I
ITtQ UALITY AT LOW COST
lie and ''llis fellow soldiers set s out by
train for'New Rem. The soldiers rode
in a freight ear used, without the slight
est -change, as a bore car. The Con
| federates ran the horses out and the
men in. They went to New Rern in
that grand- military style.
3'iey put tip a good scrap but the
Yankees got New Rern.’ Then the sol
diers went with the arm yof Northern
Virginia. Mr. Rrist stayed to the bitter
end. He lost a brother in the Gettysburg
fighting.
The octogenarian has his farm in
Mecklenburg. . but he is toed to Florida.
He conies from the late home of Wil
liam Jennings Rryan. whom the folks of
tlie flowers followed politically save in
the policy of taxation, and religiously
save in nothing.
Fiery - Cross In Toledo,. "
Toledo. July 31.—A fiery crow bear
ing the legend. "In memory of William
Jennings Rrynn—the greatest klnns
mun," was burned here tonight.
REMEMBER PENNY ADS ARB CASH
j Hayes, of the Fisheries Products
Company, Writes to His Victims
Wilmington, July 31.—Following re
| ceipt of a letter from President Thomas
H. Hayes of the Fisheries Products
Company, stockholders here are planning
to meet probably August 3th In this city
to move to protest against sales of the
Fisheries Company's properties on the
ground that they have not tieen suffleient
ly advertised.
Stockholders state there is about $7,-
000.000 stock outstanding and property
worth $500,000 in North Carolina which
should not be sold for a few thousand dol
| lnrs. The letter from President Hayes ‘
mailed ftqm New York under date of
July 25 and received here today is ad
dressed to stock holders of the Fisheries
Products Company. It follows:
Hayes Writes Vletlrs.
"That you may have full knowledge of
the receivership proceedings of the Fish
eries Products Company in North Caro
lina and New York as well as steps which
have been taken by myself and others in
terested in a re-organization of the com
pany I wish to present the following:
“At present, there are two separate re
ceiverships: one in the state of New
York cantrolling the assets of the com
pany in that state and the assets consist
ing of the fishing steamers in the state
of Connecticut. The second receivership
proceeding in which receivers were ap
pointed by the courts of North Carolina
to take charge of properties of the com
pany within North Carolina and the state
of Virginia.
“Tile separate actions brought about a
divided jurisdiction and complications be
tween tlie receivers which, apparently
seem hopeless to adjust.
"Tile receivers in both instances have
sold such fertilizer materials as were at
plants under their control and the total
cash received was in excess of the value
of the same as carried on the books at
the time of the receivership.
“The receivers in North Carolina have
offered for sale the plants at St, Phillips
and Hilton Wilmington. Xip-th Carolina.
In hotli cases tin* bids received were ridi
culously low and rejected. ’ The receiv
ers have again been authorized to offer
the property for re-sale.
"The plants nnd steamers in the jur
isdiction of the receivers in New York
are to be offered fox sale in the near fu
ture. No definite',.; date lias yet been
named. "' t
Claims No Irregularities.
“It might be ns well be form to advise
the stockholders that au audit of the
books of the company was-rtiade under the
direction of the New York' receivers by
the Auditing firm of Lybrand Ross
Brothers and Montgomery.'' 110 William
St., New York City, and presume the
same in due course of time; will be made
public.
"I have no knowledge as to the result
of this audit, but feel confident that there
has been found no irregularities, as the
stockholders have been led -to believe.
"During the proceedings as referred to
above, tlie directors of your Company have
held meetings in New Yor|c city and it
was their opinion that the, only method
THE CONCORD DAILY TRIBUNE
tinder which the stockholders could real
ize on their investment was through n
reorganization.
Sen More Stock.
"Previous to this date, there ling been
a plan submitter] to the receivers where
in the major creditors agreed to accept
preferred stock in a new company for
j the'r claims under this plan the prefer
red stockholders would receive a proper-1
ticnate interest of n like preferred stock [
for their holdings, and the common stock-j
holders new shares of common stock. The 1
I additional stock was to be sold to au un-|
; derwriting concern for the purpose of ob-1
taming working capital for the company. |
“There was also a provision in the re-;
organization agreement under which such
stockholders as did not approve of tlie
plan of leorgun zation had the privilege of
disposing of their stock holdings in the
company at a price considerably in ex
cess of any amount which would be re
alized through a liquidation sale of the
plants and remaining property of the
company.
Tlie attorney for the southern receiv
ers flatly refused to give any support not
only to this, hut to any plan of reorgani
zation ind'eating their preference to dis
pose of and soil tlie assets, thereby liquid
ating the company. I also'in this letter
wish to correct certain malicious state
ments in connection with the value of
certain properties of the company.
"The plant at St. Phillips before the
formation of your company has been oper
ated by another company for two years
previous, under an optional, purchase
lease, during which period the operations
proved extremely profitable. Through
this time iu order to improve, modernize
and enlarge the plant, it was necessary
to expend large sums of money so that
at the time of the purchase of this prop- I
erty by your company, it was not only a
profitably operated, gOingconcern. but
was considered the most economical op
erated plant of its kind on, the coast.
Says Property Improved.
“The figures, so often referred to in an
attempt to misconstrue the value of this
, plant, therefore, are both .incorrect nnd
misleading. In quoting these, no consid
, oration is given to the large sums of
money spent during the, years 1!)16 and
. 11117, previous to the time of purchase bjy
, your company ; the cost of which is hot
known to those who are making these
ridiculous statements.
, “All books and records at the differ
, ent offices of the company were all in
, tact and were delivered to the respective
receivers, and are now and always have
, been in their possession. Also the steam
ers at the time of receivership were in
, Connecticut this being the point at
, which they were yearly docked and re
paired.
“The services of the officers of the eom
' pany have always been available to the
, receivers at North Carolina and New
York. Iu each district the receivers are
( under the jurisdiction of the United
, States court. Tlie officers-of your com
. pany at no time attempted to control or
j dictate ns to their proceedings and state
ments that have been made to the eon
> trary are slanderous.
"I again wish to inform you of the of
ficers' confidence in the company and ask
ypur' support in protesting against the
severity of the property and equipment
of the company, as now bring proposed
through sales by the separate receivers.
“Your company made large earnings
and [laid satisfactory dividends' at the
time of the great deflation iu prices, your
company was obliged to establish a great
loss by the marking down of its inventor
ies. This necessitated a suspension of
dividends and some disgruntled stockhold
ers started malicious agitation against tire
company which severely injured its credit
and necessitated in the end, a receiver
ship.
“Your company was the largest produc
ers of fish scrap aud fish oil in tlie United
States and its sales of ‘Fisco’ brands of
fertilizer were limited only by the capac
ity of its plants. We were greatly instru
mental through pur large production of
fish scrap in keeping down the price of
mixed fertilizers to otir stockholders. In
this connection, your company was not
operated this year, and fisli scrap is sell
ing at from $8 to $lO per ton higher today
than it was one yeas ago, which must nat
urally mean higher prices for fertilizer
for the coming year.
“Your company can be profitably op
erated and should be reorganized instead
of its business being wrecked and its
plants and steamers sold at junk prices.
“I can but assure you that the officers
of your company have done their utmost
to prevent such u condition as is prevail
ing today.
“Very truly youls,
__ (Signed) “THOS. H. HAYES.”
Vost Boys Have Discovered.
Boy Life.
That it pays to be friendly.
That it takes something tnore than
clothes to make a good chum.
That good habits and a good time
have never yet been divorced.
That the sun invariably rises on
time the day after his defeat: yes. and
that it seems to smile, and sny i
“Another oportunity.”
That work gives spice to play, and
that play gives flavor to work.
That th’ere is au abundance of good
thoughts ready to be poured into the
hopper of one’s mind mill; one grinds
and takes the toll.
That fairness says : “If you expect to
be a helpful chum, why don’t you get
there first?”
That the lions of difficulty that one
sees in his phth are often fast chained.
That' a bit of encouragement will
often brace up a discourage comrade,
afid help him to tackle a bard .proposi
tion with new zeal.
That lack of real friends usually
means lack of friendliness.
That manners are in index of the
heart, and must be sincere to be be ef
fective.
That 111 temper in always a desirable
possession—to get rid of.
That high ideals keep his feet out ofj
the mire.
A little girl seeing a one-armed man
on the street said to her mother:
“Mamma, will his arm ever grow'
again?” ,
“No, darling.” replied her mother.
The child thought for a moment and
hen said:
“Well, mamma. If the Lord made ns,
I think He ought to keep u* in repair,
don't you?”
BRYAN INCIDENT IS j
RECALLED IN RALEIGH .
i
Dr. »J. R. Rogers Was Physician Who ]
Extracted Bug Frcm Throat. (
Raleigh New and Observer.
•'What is. my bill?** asked William ,
Jennings Bryan of young Dr. J. R.
Rogers when he breathed freely again
after the young physician had extracted
a large light bug which t’.ie commoner
had sucked into his throat with the last
words of an impassioned political appeal
to thousands gathered in Nash square
in September, 1896.
| “Not a cent/’ replied the young doc
, tor "Pro gloria patria.”
j .Outside the little office* in the then
! new Park Hotel many wainted to hear
the results of the sudden fit of cMoking
• which had seized the young presidential
| candidate at the close of his magnificent
; speech. , Inside the little office while
Charles B. Ayeock. Josephus Daniels,
Captain Nathan O’Berry and J. S. Mann |
watched anxiously. Dr. Rogers drew the j
bug from the throat of the commoner. |
It had been a great night for Raleigh.
Torches burned in the square where thou
sands of men stood to hear the "Peerless
leader” make a magnificent campaign
address in which he won their enthu
siasm for the issues he presented. Bryan
spoke wii'i the sincerity that always ruled
his life and with his marvelous voice
strong with youth and courage.
As the great speech ended the com
moner fell back - into his chair and
clutched his throat. His friends around j
him cii the platform rushed to his side.!
He told them the trouble and they
rushed him immediately into the office
of I)r. Rogers, a young man who had |
begun the practice of medicine 1 here a i
year before. Dr. Rogers found that the I
bug which was about the size of the j
tip of a pencil had not gotten into the j
lung but was lodged in the larnyx. In
SMART BUYERS COME HERE!
We’ie not getting all the tire business in town. We never expect to. But we’re getting our
share and our business is growing constantly. The reason for this is that car owners have
found our location is convenient, our service prompt, efficient and courteous, our merchan
dise of the highest quality, and our prices surprisingly low.
As a matter of fact, and we realize it sounds pretty strong, if every car owner in town who
is not buying from us, really knew what we had to offer, we’d come pretty close to having
a monopoly on the tire business here.
We honestly believe this, because w’re already selling to scores of the brainiest tire buyers
in town—smart people who look twice and think three times before they buy anything.
If we can satisfy them and keep on doing it—we can please you, too.
Yorke & Wadsworth Co.
SOMETHING NEW IN BED ROOM FURNITURE- I
Decorated, Parchment Finish, Trimmed in Blue, French Walnut Decorated, and American |S
Walnut plain. i H
Bow end Beds, or Four Posters, in full size or twin size. / Hj
Vanity Dressers, Chifforobes, Desk, Night tables, Chairs, Rockers and Benches, all to H
match. Sold in Complete Suites or Odd Pieces. A beautiful line of Bedroom Furniture, H
at a price you can afford to pay. See this line before you buy. We can save you money. H
Cash or Credit. H
Concord Furniture Co. |
a few seconds the bng was out and the
commoner suffered no injury sufficient
to delay him in the great speaking cam
paign which he carried throughout the
country.
Members of the little group who wait
ed anxiously in the doctor's office while
the bug was being extracted and those
who waited outside recalled the incident
with ie recent death of the commoner.
In years since the incident it has be
come an amusing story and since the
death c:f Mr. Bryan it has been recalled
again and again by men who heard the j
eloquence of the young leader of democ- j
racy on that colorful night in Nash
square.
The Deficit “Accrual.”
Lexington Dispatch.
A very unofficial "official” statement
given out for oue department at .Raleigh
by the head of another department de- .
I dares that the actual deficit that should
I he credited to the four years of the Mor
jiison administration is about S3:TC>O.(H)O*
Tlie balance of the over nine and u half ,
millions deficit, figured on a str'et \*as4i ,
basis, should have six months of revenue
to its credit to even things up.
Secretary Everett gave out the infor
mation, with apparent eagerness, and Au
ditor Durham entered protest that his
department, which made up the figures,
was the proper one to give out such in
formation. He declared he was prepar
ing to do this, but that the figures would
!be different from those announced by
i Secretary Everett. However, it is an
j ticipnted as this is written that the status
of the deficit controversy will in eff<*et be
, about wliat Morrison claimed. If we re
j call correctly, there has been an appar-
I ent tendency among the press of the
i State to concede to the former governor »
j that his administration had not actually I
put the state in the hole nine and a half I
PAGE THREE
- rrr..
million dollars in four years. We believe
that he should have been able to assure
himself long ago that, he was not to be
condemned because the brakes got off and
the state went ahead at a rather rapid
rate. It had gone slowly so long it
could stand a burst of sj>eed. We are
glad that the "program of progress” was
carried forward as far ns it was. But
the state must be careful not to jump
ahead of its revenue another six months.
It would indeed be gratifying if the rev
enues could come a few months nearer
| catching step.
[ A lot of controversy might have been
avoided, it appears, if Raleigh officialdom
had been a little more definite in its ex
planat:on of what the deficit was and
how it eafne about. The present inter
pretation seems too much like it had to
be e .rk-screwed out.
i Doubtful Compliment.
The little country parish near a
famous ocean resort was having "sup
plies.” as they called visiting ministers.
On one Saturday they learned that the
expected preacher could not come They
were sore bestead, but they heard of the
‘ojurn of a very distinguished doctor of
divinity at the hotel by the sea,
with some misgivings appointed IhJe
stoutest number of their committee* I*o
invite the noted preacher to occupy
pulpit. He received the committeeman
\.ith graciousness, and to the !a‘ierVsur
prise and joy accepted. The committee
man. wishing to round out the happy
transact ; on, remarked. “You know, doc
tor. we would have been satisfied witli a
poorer preacher, if we could have get
one.”
Castile soap, although made in Spain,
jis little used in that country. For
toilet use the Spanish taste requires a
[highly perfumed soap.