Newspapers / The Dispatch (Lexington, N.C.) / Jan. 24, 1906, edition 1 / Page 1
Part of The Dispatch (Lexington, 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
PATCH. IT IT HAFPENS ir IS THE DISPATCH. OHLT SI A YEAR. 50.000 PEOPLE READ THE DISPATCH, WHT ROT YOV? 07 DAu'Vor THP "D IT OUT IT lTrTl I THP "DlTrNTJT F AVn WITH THP nPAmw ESTABLISHED 1882. LEXINGTON, N. 0., WEDNESDAY, JANUARY 24, 1906. VOL. XXIV NO. 38 BR. D. A. TOMPKINS HERE. Delivers Able Address to a Large . Aa&ience on the Subject of Bufld , log and Loan Associations. Saturday night in the court house Mr. D. A. Tompkins, of Charlotte, addressed the citizens of Lexington on the subject of Building and Loan Associations and was heard by a good sized andience. The meeting was pre sided over by Wade H. Phillips, Esq. The address of Mr. Tomp kins was that of a man thorough ly familiar with his subject and was spoken in such a way that the closest attention was given to what he said. Lexington was Dleased to entertain so distin guished a gentleman, a leader in North Carolina's industrial pro gress, and the gentlemen inter ested in extending the usefulness of the Building and Loan Assoc! ation are very much indebted to Mr. Tompkins for making so plain the great value of such an institution to a town. Mr. xomp kins, in part, said : "The building and loan association li a mutual organization for saving money and building homes. It may be said to be an institution in which members may 'buy a home with rent money.' lithe conditions are right tfce building and loan association is one of the smoothest workiug and safest institutions in the world. If the conditions are wrong, the organi cation is unsafe and worse than use less. The result of a different plan of rganization other than the right one is as marked as regards success or failure as the climatic difference be tween Greensboro and Lexington makes on cotton production or differ ence in the laws of Mexico and the United States makes in two towns on opposite sides of the Kio Grande. "There is but one real and safe build' ing and loan 'association. That is toe local one. By local is meant one whose loans are made at ihome and In a limited area and where the bulk of the members live. It should be a nurelv mutual Institution. Each and every member must share in profits alike and all profits must be distribut ed equally to the. members according to tneir payments. ' 1 : "The local or home building and loan association has been so uniformly successful ' that . many self-seeking people have organized companies which they have called building and loan associations but which nave been institutions. to make money tor lndl viduals. iThe exploitation of these and the money lost in them has made wrong impressions in the minds of many people who have had experience with these or who have heard about their doings These spurious instl tutlons have Sometimes such slight differences in plan of operation as to be unnotlceable until experience shows the fault. "Another' form of organization which has done injury to the real building and loan is the so-called inter-State or national associations. It transpires that if every featir s of the real institution is preserved except the confinement of all loans to one locality and the practical confinement of the subscribers to the same locality, the rganization becomes at once unsafe. All attempts to spread the business of oe over a large area have been fail ures. In a few Isolated cases some of these inter-State associations have survived, but even these are subject to the vicissitudes that nave destroy eu so many of them. "The real, purely mutual, home or local building ana loan association is a beneficierft institution. The spurious Institutions, however, much like it, are, as compared with it, as a sodden loads to the light loaf. Besides a better understanding of the real and the spurious among the people, the law-makers are coming more and more to a knowledge of what is neces sary to foster the real and rout out we spurious, xoe two main points that the law should cover are: ' . "(1) To forbid the name building and loan being used except by purely mutual ana noma institutions. . ' "(2) Forbid : the so-called inter State institutions from doing business in the State except by contracts of prescribed form and under heavy bond or deposit to secure the people In their contract rignis. " There should by all means be a State building and loan commission with headquarters at Raleigh, whose duties should be to examine the affairs of the building and loan associations f the State, the same as the bank ex aminer examines the State banks and protect the people in dealing with cor porations, domestic or foreign, at tempting to do a business in the name of building and loan, but for profit and not on the purely mutual plan. Just as an individual cannot perceive the difference in climate conditions be tween Lerington and Greensboro, which makes one a cotton growing country and the other not so, to the general run of busy people, the differ ence between the beneficent and the spurious building and loan is often not perceptible, and there should be a commission of experts to inspect and regulate all building and loan associ ation business fostering and en couraging the right ones and driving out the spurious, v "Beside the two main features of desirable building and loan laws stat- ed, there are some minor items that the law ought to cover. The allow ances for expenses of conducting an association should be limited just as the interest rate in banks is limited, and for the same reason. In the case of bank interest, the purpose is to prevent extortion, so in the case of building and loan the cost of conduct ing the business should be limited to 2 per cent to prevent the officers from tailing more of the people's money than they are entitled to. The limit might well be made 1 per cent., be cause there can always be found men who would be willing to act as secre tary and treasurer of a building and loan for I per cent, and less. The po sition throws insurance into the hands of the secretary and treasurer and na turally gives him a good many real estate transactions from those who are buying lots or building houses through the building and loan association. The building and loan association is the best town builder In the world. It puts the opportunity to build a house within the reach of every wage earner. It gives the merchant a resource of credit that baa been in many cases found exceedingly valuable. It is the best teacher of regular and systematic savings in the world. It is not com petitive within banks- of issue, nor with banks of discount and deposit, nor with savings banks. It is the one institution which gathers money that would otherwise be spent and aggre gates it into capital and invests the capital into nouses, or taxable prop erty. It locates the peripatetio me chanic and makes him a better citizen. It conduces to the education of chil dren and to the support of the churches. It improves architecture and improves the general character of people, con tributes to the commerce of a town, and has many other influences for good. "There has been formed in North Carolina a State league of building and loan associations. The purpose of the league is to co-operate In aBk ing for the repeal of laws which are onerous upon the building and loan association, and also for the enact ment of laws which are necessary for the protection of the sssociation. If you organize a building . and loan association here in Lexington, I urgently recommend that your associ ation join the State League. "I hope to see the time when there is a building and loan association in every town in the State. I hope that herein Islington tnis movement to organize a building and loan associa tion will be entirely successful and if the people could be brought to an ap preciation of the benefits and ad vantages of such an institution both for the advancement of the city - and the advancement of the. people, there is no doubt out that upon that basis you would make a splendid success." Lumber Concern at Denton. Two Salisbury men, Arthur E. Davis and Jake Haynes, are en gaged in making preparations for establishing a big lumber mill at Denton, tbis county, Mr, Haynes is a Philadelphian, " re cently come to Salisbury. They will purchase a saw mill outfit and set it up at Denton, on the new railroad, where they have bean promised ten million feet without moving their mill. This is an exceedingly heavy-timbered section. The lumber of this con cern will be dried and finished at Denton. Mr. Davis is a lumber man of experience and at Salis bury has been doing a fine busi ness for the past two years. Rev. Miller Goes to Palmerville. ' It is a positive grief to us to near that our neisrhbor. Rev. Jno. R Miller, the auditor of the Orphanage, has resigned his field in this anRrtr.in.tinn anrl accepted a call to Palmerville and otner cnurcnes in the Stanly Association. Bro. Millerand fami ly will be greatly mourned and missed bv their friends in Thnm. asville, where they are highly esteemed, and the Liberty Asso ciation loses one of its very ablest pastors. Chanty and Children. Violating Postal Laws. rt seems that some people do not know, tat they violate the postal laws when they send packages through the mail mark ed merchandise and also include written letters in the packages. First class matter must be sent separate from merchandise and there is a penalty of $10 for send ing letters with merchandise. The post office inspectors are after such people in different towns and one will visit Salis bury for the purpose of collect ing $10 from some folks who have been guilty. Postmaster Ramsay has caught up with several such persons lately and they had to fork over the money. The1 worst' violators are those who send tobacco tags for prem iums and write . letters also. sending the whole at four ounces for one cent. ' A FLUTTER AMONG THE BIRDS. English Sparrows Create Much In terest and Save a Day From Dullness. You can never tell what a day will bring forth. Saturday morn ing in Lexington opened up dull and promised nothing better than a cold drizzle. The mad dog scare was over because all the dogs were dead. There was nothing doing at all, at all. But before dinner time an impor tant hour in this town a hand ful of sleeping citizens sat bolt up right and began rubbing their eyeB. The chief of police discov ered it. There came a hurry call for some stunt artist or oth er and one went, hatless, think ing he might get to see a sudden marriage, per ad en tare a house a-bnrning, or mayhap,meet some irate citizen at the street door and get a 'sound threshing for something he had "put in. the pacer." Happily this fear was routed when he reached the seat of ac tivity. Behind the temple of justice, vulgarly called the court house, there were some of Lex ington's leading lawyers, mer chants, capitalists, white folks, cullud folks and a half a hundred of everybody, with their chins elevated to an angle of 'steen de grees and their eyes snapping with excitement while they rub bered at a cornice or an entabla ture or a something at the top of a column under the eave of the temple, where they saw an Eng lish sparrow dangling in the air. It had become entangled t in a thread of its nest and one leg was fast. And mirable dictu the mates of the bird were try ing to free it from the string. They fluttered about it, chatter ing, pulled it at with beak and claw, and sometimes, catching the little prisoner, they would hang very still thinking to break the string with their dead weight. Indeed it was a remarkable thing. Lawyer Raymond Me Crary, who was there taking more interest than anyone, said, Talk about birds! They've got more folks than sense!" bis ex act words. The spirit of com radeship, the intelligence and the grit of the sparrows quickly generated sympathy for them in the human and efforts were made to liberate the bird. A pole was tried from the upper story, but it was too short. Chief Heitman, who has been around the world and knows what it means to be hung and also to have the legs tied up, hustled a ciew after a ladder and went up to the bird with a pole. Mr. English Spar row was punched loose, but we do believe it lost its whole entire leg in the punching, for a some thing red remained behind when it flew limply away, mid the cheers of the spectators. v Tbe sight of the birds render ing what assistance they could to a fellowcitizen moresamer than people do, was a very pretty one, It stirred those who. saw it until grown up men, whose heads are filled with business and much dignity, forgot themselves and went to work to save the bird. Had it been hanging there "and nothing more," no one would have thought of going to the top of the, court bouse to set it tree. One touch of nature makes the whole world" akin. And that was all, but it saved the day, The spectators left .with something fresh in their hearts and there must have been a general desire to whistle some cheeryl tune.. ' Shot His Brother. Charles Conklin, in a quarrel with his brother John Conklin. on the outskirts of Burlington last Thursday, shot him with a shotgun, and perhaps fatally wounded him. The wounded man was unarmed. Charles was sent to Jail without bond to await the result of his brother's injur ies. He manifested no concern about the wounded man. Mrs. Sallie Black, of Warren- ton, aged 107 years.died Sunday. Until the day of her death she was able to go about and to help herself, and was perhaps the old est person in the state. ' ROBERT RUARK, ESQ.QTO LEAVE. A Leading Lexington Attorney Will Move to Wilmington to Practice Law. Mr. Robert Rnark. one of Lex ington's leading attorneys and a member of the well known law firm of McCrary and Ruark, has announced hiB intention of leav ing Lexington, much to the re gret of his many friends here. Mr. Ruark will locate in Wil mington and will be associated in the practice of law with Iredell Meares Esq. Mrs. Ruark is now at her home in Wallace, N. C, and will not return to Lexington, but about February 1st will go with Mr. Rnark from Wallace to Wilmington. Mr. Ruark has been a citizsn of the town for the paBt two years and has won for himself a high place in the es teem of our people. He is a thoroughly likable gentleman and a lawyer of much ability. The Dispatch desires to express its best wishes for his continued success. Mr. and Mrs. Radcliffe At Home." ;. 1 Saturday evening from 8:30 to 11:30 Mr. and Mrs. Henry S. Radcliffe were "at home" to near one hundred of their friends, the occasion being the celebration of their crystal wedding. The event was thoroughly enjoyed and, was one of the most delight ful social functions Lexington society remembers. ' A " word making" contest was engaged in, cards with the word "matri mony" written upon them, being passed around, and to the person making the. most words from this word was awarded the prize. Miss Meta Fletcher, won the first prize, having n.ade 121 words. After the' entertainment afforded by this unique contest tbe guests were served , with xdtlicious refreshments in tbe dining room. The wedding cake, on being cut. yield eel the ring to Miss Kth leen, Smith' and Mr. W. P.' Wei- born' carried away the money. The decorations were very pretty irdeed. Mr. and Mrs. Radcliffe were the recipients of a large number of beautiful presents. Snot By Burglars? Winston Salem, Jan. 21.-Hen ry Kobre, a Russian Jew, ' was found lying on the floor of his room, in a pool of blood, prob ably mortally wounded, tonight by his brother. A bullet hole over the left eye told a part of the story and the burglar theory, the police believe, explains the rest. Kobre was in his night clothing and bis bed had not been occu pied. - He is said to carry usually considerable money on. bis per son, and when found be had been strrpped of his valuables. An effort had been made to en ter his room, which is over M Kobre & Co.'e saloon, by a door, but a portion of the lock held fast. if he was robbed the method of entrance is a mystery.' Kobre was shot from outside, the bul let having entered a window near tbe bed. The theory of tbe police is that preparatory to re tiring, he heard a noise outside the window, raised the curtain to investigate and was shot by burglar. -:- -v.V-' The wounded man was remov ed to the Twin City Hospital, where he died a few hours later without having regained con sciousness. Salisbury Distillery Seized. The distillery of A. Evans, near the city limits at Salisbury, was seized last Friday by deputy col lector Davis, of Statesville. It is stated that the local revenue officers have had their eyes on this establishment for sometime and the result of reports made by them was orders from Col lector Harkins to seize the dis tillery. Irregularities exnlaln the seizure. The "property is worth $2000 and there were 53 barrels of corn whiskey on the premises. A mob of 300 men early Sun day morning took Earnest Baker, a negro, from the jail in Hopkins ville, Ky., and hanged him to a beam of the city scales for rape. ' i,V'i " - MOVEMENTS OF PEOPLE. A Few of tbe Many Persons who Are Moving Around In tbe World. Mr. Joel Leonard bas a posi tion as clerk for Mr. Will G. Hinkle. Mr. Mose Holmes and wife, of Mt. Airy, are here on a visit to relatives. Sheriff T. S. F. Dorsett has returned from a business trip to Kentucky. Mrs. Richard Springs return ed Monday from Charlotte where she has been visiting her parents for the past month. Mr. H. D. Scarboro left yes terday for Asheboro and Mt. Gillead, where he will visit rela tives for several days. Misses Nell and ArlieeTrioe left Monday afternoon for Con cord, where they will spend two weeks visiting relatives. Messrs. R L. McCrary and Z. I. Walser left yesterday for Georgia, where they will spend a week or ten days on business. Mrs. Z. I. "'.Walser, who has been in Norfork, Va., for some time visiting relatives, returned home last Wednesday night. Mr. and Mrs. Ferd Watson re turned to their home at Winston last Friday, after spending sev eraldays in town with relatives. Mrs. J. N. Garrett, of Yadkin College, passed through here Friday en route to Graham, where she will visit her daugh ter. Mrs. Emma Dearmin and daughter, Miss Mabel, of High Point, spent Saturday and Sun day here visiting the family of Mr, L. J. Peacock. r Mr. and Mrs. E. W. Cates, of Thomasville were out of town guests Saturday evening at the reception given by.Mr. and Mrs. Harry S. Radcliffe. - Miss Edith Moore, of High Point, arrived Saturday and is spending several days here as the guest of Mr. and Mrs. T. L Moore. Messrs. Brantley H . Finch and O. E. Mendenhall left Satur day night for New York and Bos ton, where they will spend a week or ten days on a business trip, C. S. Green, of Lake, was here yesterday enroute to Charlotte to see an eye specialist, and to have him to remove a piece of a gun cap from his eye, that has been in the eye for 18 years. Mrs. Will Dicker son, of High Point, after spending several days here with relatives, re turned home Sunday. She was accompanied home by her father, Mr. C. K. Holmes, who will spend several weeks in High Point. Mrs. Harriet Moffitt. of Canada. .who has been here on a visit to the family of her brother-in-law Mr. W. H. Moffitt, left; Friday lor Tbomasville. where she will visit relatives. Mrs. Moffitt is a native of Davidson county but has been residing in Canada for the past twelve years. ; - Tar Heels Lost. Cincinnati,Jan.22. Ten thous and dollars changed handef in a 36-bird cocking main held near CovinetOD. Kv.. this afternoon between Georgia and North' Car olina birds. There were 18 fights, the Georgia chickens being cared for by Henry Flock, while f! Jackson worked the North Caro lina birds. About 20 prominent men from both states were at the main, about which the oxaat- est secrecy was observed. The ngnts started shortly after 1 o'clock this afternoon, and the witnesses returned to Cincinnati late this evening. The Georgia birds won tbe main on the seven teenth fight. '.-.'-- " Mr. Chas. Arev has announced his' intention of quitting the whiskey business in Salisbury and will close out his saloon at once.- It is said that he bas ac cumulated handsome property and will invest his capital in oth er fields, nerhana in the West. He has been in business four years. ALL OVER TBE STATE. Items of Interest of Passing Event! Occurring In the State of Nortn Carolina. The Southern railway will re place old wooden bridges every where on its lines with new steel structures of modern de sign. The Virginia-Carolina Chemi cal Company bas purchased a site in Durham and will build a $250,000 branch house there. Work will begin at once. Victoria Reed, a colored wo man of Asheville, died Friday at the age of 100 years. She nt a slave and a native of Buncombe county, pernaps the oldest negro in the state. John Mowery, Salisbury's wealthiest negro, died Saturday night. He was a tailor hv trAa and leaves an estate worth from au,uw to sau.uuu. Rev. J. A. Dorritee and Dr. J. RumDle. both Pimmiuiitino Her. nres in the Preahvterlan ohnmh in North Carolina, died last week, . Rev. Dorritee at Charlotte and ur. Kumple at Red Springs. . March 30 and SI tho Mathn. dists will hold a missionary institue at Trinity, Randolph County.1- Amoncr the. arwalrara selected for the time are Drs. nugo, Detwiler and Marr. . Jack Fuller, rl river fnr tha Ham Grocery Company of Greens boro. Was found Hour? nt tVio stables on Smith street Satur day mornipg. Heart trouble is, SUODOSed to hftVfi heen the .. of his death.' ItlSreDOrted frnm fialiohnr' that Mr. R. N. Hackett, of Wilkes boro, will again be in the race for tne congressional nomination in the eighth district, and will give Mr. Blackburn a lively fight for his place. Clarke and Lilleston, - the two f Q Lriro nhA ntnA 4-- j 1 j for the killincr rf f!ha n. cm;k w tjv TV CI 3 UI1HU IR.NTi UTOair of Petersburg, at Raleigh during mtjsiaie iair, were sentenced last Thursday, and Clarke gets 18 months while Lilleston is sent to the state prison for 14 years. The Casper whiskey company will move its plant from Winston to Roanoke in about two months. Associated with the Casper com pany now are Messrs. Har.tman and Smithdeal of Advance," and W, A. Renigar, of Shore, whose business was shut up by the action of the Ward law January 1st. An explosion of gas in a build ing at the A. & M. College last Saturday caused good deal of consternation and $100 damage. The gas had carelessly been left on by some one and when a match was struck by an unwitt ing person, the explosion took place. All the window glass were smashed. , . j'i, . ( Will Harris, the noted Meek lenburg county desperado, who was sent to the penitentiary in April, 1903, and in August follow inar escaned. terror! of Mecklenburg for some time tnereaiter, was re captured at the Pccahontas Mines, in Vir ginia, last week, and will ho .train placed in tbe 6tate prison.- Har ris is a negro and has committed several crimes since his escape. A piece Of Steel three tnnhea in length was removed from the brain of John Nail, of Winston, at a hospital in Philadelphia last week. The physicians at flt attempted to draw the metal from the brain by means of a powerful maenet bnt it too firmly imbeded. and the sur geons were compelled to resort to the knife. The oneratinn u a successful one and the patient is reported as doing well. ; , Lon Thacker. colored ( in in Winston for assaulting"Cheap John"Watlington, an aged negro, with intent to rob. Thacker had borrowed a lantern from Wat lington Monday night to find a lost quarter, and while the old man was lighting the lantern for him, he struck several vicious blows. His victim gave the alarm and the murderous knave skipp ed out but in an l h o n r va caught.
The Dispatch (Lexington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 24, 1906, edition 1
1
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75