Newspapers / Wilmington Morning Star (Wilmington, … / Nov. 24, 1911, edition 1 / Page 1
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. : 1 1 t i -41'.. THE WEATHER. -V 1 12 P -J)ay Two Sections Rain and cqlder today; Saturday colder on the coaBt; brisk south, shift ing to northwest winds. ; " A 7- VOL. LXXXIX-NO. WHOLE KTJMBER 13,774. ' HE COMING PORT r - -A' ITT BROTHERS " "" , - i" v v ' RECEIVE A REPLY '"3 ; : " .' . ' v .- . -. v-. - . iL iiJiJo : .... i. . -v :-", i'-i-'i-' - Afw;-.' .'V;V ; "- - cr-. W Sf. slip j I BEATTIE TAKES - PATHETIt LEAVE N 1 '.i Southport Fittingly Celebrates Advent -of ? Wilmington Brunswick & Southern. : - GREAT OCCASION YESTERDAY Notable Addresses by Senator Sim mons, Governor Kitchin and Other Distinguished Caro- : linlahs-Dinner. ii WHAT SOUTHPORT HAS ' TO OFFER: The largest and best land locked harbor south of Cape Hatteras. ' '.(; A depth of water at least 30 feet on the bar at low tide, which means nearly 35 , feet at high tide.' ft -r. A harbor or refuge that is recond to none on the &outh Atlantic Seaboard. A suitable site for a most conveniently located govern,- , ment coaling station.- , . A railroad to bring the coal into the port at small cost of transportation. A salubrious and healthy climate. v - " , A population, of hospitable and progressive citizens, thor oughly alive and modern in their views. A back country ' with a wealth of natural "resources practically unlimited. M"M M M' I'''I"Xi,Ii . Down at the mouth of the broad Cape Fear, where for more than a. cen tury a picturesque little village has nestled In quiet seclusion, yet' be cause of the part it has played in his tory, not altogether unknown to the .otitslde world; a-wt-pbrfcwa--orn yesterday, or rather, the' birth of"a new port, was celebrated, when the as sembled - populace of Southport And Brunswick county, together with hun dreds of friends from Wilmington and otner neignDormg points, met xo com memorate the arrival of the first pas senger train over ' the Wilmington, Brunswick & Southern Railroad, into the county and the beautiful little county seat. : And most fittingly was the birth of this new port celebrated, too, with the Governor of the Commonwealth, the Senior Senator from the State, the Congressman from this district, and many local dignitaries, present, and with land and water sports and pa rades to entertain the great throng of interested persons. History was made yesterday at Southport and the occa sion will ever be a memorable one to the citizens of Brunswick county and ' to the State for that matter, for the hand, of twin steel rails that now stretches from Navasea almost to the very water's edge in the harbor at Scuthport gives' to the county, the State and the Nation a direct outlet from the vast mineral fields of the middle West and paves the way for industrial achievements that will place he Old North State among the very Toremost of the Nation's richest : ter- ritories. Atlantic Coast Line Engiile No. 456, gaily decorated, and drawing a gaily decorated train of cars thronged with enthusiastic visitors, drew into the city of Southport yesterday morning over the Wilmington, Brunswick & Southern road shortly after 11 o'clock, to be greeted by the frenzied cheers of several thousand citizens of Bruns wick county and the city cheers that were given willingly from the heart, for did not. the arrival of , this train signify Southport's emancipation from jears of isolation and open up to the town a future which heretofore has existed only in its dreams? - .- Included in the day's events were speeches bv fiovernhr William Walton Kitchin, Senator F. M. Simmons, Con gressman H. L. Godwin, Mayor Joseph Smith, of Wilmington ' Robert W. flavis, Esq., of Southport; J. O. Carr, r.Mi., of Wilmington, and a number of others, as well as a motor boat parade in the harbor, a trip bj the distingish ed guests and local celebrities on the revenue cutter SetTiInn1 out across ,he bar and seven miles out to sea, Jurins the course of which an official funding was taken showing that the narbor had a water depth of 31 and a fraction feet on the bar at low tide, "Jnlls by the soldiers from Fort Cas- Jeii, field sports of various kinds, a rarbecue in Franklin Square, and a banquet at the quarantine station to 'he speakers and visiting officers from the (utter, two torpedo boats. Fort as well, and others. . Tho first train drew out of the un 'nw station here . about 8:30, almost "ait an hour late, with every seat fill ?l and several hundred neonle stand ,ng. Its run through Rrnnawllr Cftiin- and to Southport partook of the na- ry station, as well as from the lonely "'it of the poorest colored citizen of lunswlck county, it was hailed with ---- w. JUJ, X BCbUUU UMU lUr about 30 minutes later and it "tewig3 Was crowded with Anthnnlas. tic uasBengerg eager to be at North rninarB chie,f seaport and to particl m tne celebration the arrival at the city of the UNITED STATES SENATOR SIMMONS. One of the Speakers at Great Yesterday. first train, with the s distinguished guests and speatoars on bbard, it was met by the . Southport Chamber of Commerce in a body, a squad of mounted marshals, in addition to the great throng of, people- already in town. The speakers and invited guests were escorted - to historic Franklin Square, and here, under the beautiful grove of live oaks that jIs nobody knows how old, having . been there since the earliest days of the little vil lage, ,the fcpeeches .were delivered. . President; Z. W, ;whitehead, of the Wilmington . Brunswick; &, Sputhern RaliKwd,- and the nflovjng.-jqairlt.in' tt.f construction, was master of ceremo nies and he filled this office with conv mendable modesty, yet with, the hap picess showing in the faces of the gathering reflected in his own counte nance. . He introduced Rev. Dr. K. B. Tupper. of Philadelphia, a prominent divine of the Quaker City, who deliv ered a beautiful and touching prayer, thanking the Master for the blessing thai had come to pass in the connec tion of the port to the Nation by means of the railroad and asking that the enterprise exhibited by those who built it be rewarded by the ultimate success, that it deserved Robert W. Davis, Esq., of the South port bar, was then introduced and de livered a warm ana sincere welcome to the distinguished guests who had come to neip witn we ceieorauou, to all those who had' come to observe and participate in the occasion and to the "former sons of Brunswick", who .... . A. t Mmp down wearine badges and in a eoecial car. to rejoice with their rela tives and friends in the emancipation of the .city of their nativity. i A Coulial welcome. The pleasanf duty of welcoming the large -number of visitors nappiiy ien to Robert W. Davis, . Esq., a leading member of the Southport bar, ana one of the - moving spirits in every thing for the upbuilding of his town. Mr. Davis said that the occasion mars ed an epoch w of advancement ; . the greater North Carolina wiu oe maae greater by aq,d through the develop ment of her greater seaport city Southport. ' - ' . "That the old rMortn iaie is com ing into her own no one denies, saia i t IvT lU Mr.-Davis,, "and every patriotic aoria Carolinian is filled with righteous pride and devotion and loyalty to your seaport city. You now honor us with this sDlendid eathering, rejoicing wuu this community in the, fact that we are drawn near by rails of steej. .- rinr , nrnmmme is . so aiverBinrea that all may enjoy every moment "of your stay with us, and at the- same time have an opportunity w we know that nature has destined South port to be the greatest Seaport City on the Atlantic coast. , ' vrvirinc ,'t.h sentiment or . every man wnman nnd child Of this City. I bid you welcome one and all, ten thousand times welcome. Act as you please, make yourselves at home, ; be one of us, rest assured that any one who may interfere with, your freedom and inclinations will be railroaded out of the citv, "i nnk'n l to view ana ponaer over our magnificent harbor, witn us mnes vmt&r lana iocnea; saie .- r-r ----- -j. . , secure, anoramg an accaonug i ty and a harbor or reiuge, ior .me iar& t nnd dforvost sea-eolng vessels. "Again let me extend to you on oe- half of our Mayor and Board of Alderjlmade a. bid for, 5,000,000 bushels for men a -moBt 'hearty welcome, rejoice and be glad with us that the dream of Rrnrfhnort'a railroad is real, and is the initiative step to make North Carolina, with her deep water terminals, leading competitor with . , - Pennsylvania and Ohio for all our mountains with coal and minerals. In agriculture. our lands onnfli if not fliiraass ; the 'Western States. Our position and natural ad vantages make the ' Old . wortn state great, and now tnai sne a to wwe i to her own deep water, terminal, viz. Southnort. r v i ' ' "She will secure equal- freight rates with . our . sister States;. With a devo tion to the Interest oi this God bless ed States our Governor,- Senator and (Continued on Page, Seven.) ;; - li y f s Southport: Railway Celebration DEFENSE FUND Federation Adopts Resolution to tjie Effect That Every Paid Labor Union Officer Contribute . One Week's Pay. . , New York, ' Nov. 23. One week's pay from every paid officer of' a labor unionj. injthjs coujujtrj ja called; for,: to swell - tne McNamara defense fund in a resolution adopted today, by the con vention of the American Federation of Labor. : Every other delegate to the convention, not a paid officer, pledged a day's wages to the fund. , Another', action aimed to help the McNamaras was the adoption of a res olution, framed by President Gompers himself, endorsing the candidacy of Job Harriman, Socialist candidate for mayor of Los Angeles, and calling up on wage workers all over the country to give such moral and financial sup port to Harri man's campaign as lays within their power. Leaders in. the convention . succeed ed in heading off the proposition to have the body make a direct approprt ation of foO.000 for the McNamara fund. A sum greater than that by $10,000 will be raised by the volunta ry subscription of labor officials if all respond to the appeal. Several speech es denunciatory of the .prosecutors of the McNamaras were made during the day, one Los. Angeles delegate making the statement that J5.000.000 would be spent if necessary to secure their con- News of Justice1 Wright's decision in Washington today reached the con vention as resolution characterizing the Gompers-Mitchell-Morrison con- temnt proceedings as a "persecution, were being read. Mr. Gompers then explained the status of the case to the delegates, concluding with; the - follow ing statement: ' ) 'In any case coming before Justice Wright, in which men of organized la bor are defendants I am free to say that he is mentally incompetent to render a just and impartial decision The - convention voted to continue the defense of the three leaders. Consideration of the report of the committee on "the president's report consumed the entire day, practically all of Mr." Compere' recommendations in his annual report being endorsed v The convention - refused by a vote of 80 to 34. to adopt a resolution pro posed' by the postal clerks opposing one cent letter postage. All 'the jurisdiction dispute before the Federation are expected to be tak en up and settled tomorrow. " SELLING' DEMORALIZED. In Chi cago Wheat on Account of Split In Big Interests. Chicago,' Nov.; 23. Selling and dis tribution of big cash , wheat holdings herevwere demoralized more or less today on the Board of Trade by a split between the Armour interests and one of their aides,' James S. Temple, who recently was credited, with having cash 'Wheat,-said to be the largest amount" ever sought in a single tran saction here. It was , asserted ; by traders on the board that Templeton, who has " had the handling of much of ; the business of the Afmour-LI chstein interests, had beenvdropped bythe Armour - Grain Company becausp of -his attacks on the Inspection and elevator methods of giving out wheat for shipments The Armour people, it Is said,, will attend to their own selling ana distribution ; Officials of the board of trade also were : considering charges against cash i wheat dealers who have offered wheat at Eastern points at less than theChfeago price in violation 'of the board 'rules,-, Broe Down Briefly When Parting With Father and Brothef. j-- EV WORDS THEM 't ' - ,.r- Prisoner Sister and Aunts-Alsi Bid FareweW After' Breaking Down He Quickly RevewesFun- t. - . eral and Btiria! Richmond, .Va Not?: - 23 .Taking a pathetic-, leave of his immediate fam- JV- Henryv Clay i Beatq Jr,' tonigut '. made ready to -take "te ' final . plunge nto tae, ntknawn. Tomorrow 1 be- 6re tho'.tun la sia hor5 hlghlhe wiU baVe. paidA tho - peiialtH einaaded : by Vifev l3st; July 'nither Isi ahsDlutelv notning to InoUeateT' tiiat Governor Mann . will act to- r stay. the - hand of justice. .The , chief executive of the ?tate is the only one who can .length a; tne span of life of the condemnec raan, who has said he: does not care cnger to caze ; unblinklngly on the face of death. ' For a few "brief , moments todav Beattie broke down, and it was fear ed his remarkable nerve and stoicism were anout to desert him. - This was when he took, leave of his father and Mother, Douglas. When the parting came, the son laid hia head on his father's breast and sobbed convul sively., One 'arm. was flung across his father's shoulders,, the ; other .hand Slipped that of hia brother, ; iBiut he recovered quickly .The for- tituderof the elder Beattie ha4 more to do with tha recovery than the soothing offices of the Rev 1 Benjamin Dennis, wno has labored ' with the domed prisoner: With j Spartan self- ccntrol, the father kept his emotions n check, although the tears : raced down his cheeks, and his Hds twitched pathetically; ..".No .-wordi were -apo'ken, but th xouc :cwttd &&$rer iaxi& have felt the stern, repression of his parent, for his? sob3 -were - strangled and he straightened. w'Good-bye,". he said, and turned away. - Neither lather n6r brother trusted to make reply, but made their way from the -penitentiary. . When tbey enter-It again it will be to claim the body of their kinsman. Hazel, the 18-year-old .sister of the prisoner, and his two. aunts drove to the State prison" in a closed carriage In the middle of the afternoon.- vThey were in the death chamber a trifle more than an hour. When they emerged Hazel was on the verge of collapse while all three were violently agitated and the eyes of each were red and puffed with weeping.; , Their entrance and departure were observed by a morbid crowd of sev er.ai Hundred persons, gathered to witness the rumored visit of Beulah BInford to the prison. The report proveM to be untrue, the girl whose subtle power over young Beattie is said to have driven him to the killing of his wife, having been discovered in New York. Only one - minister ' labored : with Beattie today, the Rev. Mr; Dennis Rev. John J. Fix. the -youne: man's former pastor, was so worn out by his labors and the emotional strain he has- undergone, did. not put in an appearance. He ! Is saving all his energies for tomorrow's dawn. - when ne fully expects the condemned man tc-confess, provided he -is guilty. Tne day was spent in prayer, save ior tne time occupied by the fare wells of , the -family. Beattie is -said to have declared his complete conver sion and to have no fear that his peace was made with Godi He told his spiritual adviser that he faced the hereafter with supreme confidence. The . sustained nerve of the con demned man .is the wonderment and admiration , of his guards. . Following the pathetic farewells between himself and the members of his family, In which he broke down completely, he disclosed such a quick ' and complete reversion to his .placid demeanor that It occasioned the utmost astonishment. The "death watch had' looked forward t a harrowing ' night ' hen, under tne rules of the prison, lights were or dered out at . 8 o'clock, Beatti show ed; every evidence of preparation to spend a quiet and restful period be fore he is summoned to , the . death chair. It became known - tonight that the prison, authorities will insist upon the family removing the body within a few hours after; it is laid out on the mortuary . room, which adjoins - the death chamber.. It was at first- be lleved that the -body might be em balmed' and ikept in the penitentiary until arrangements. could be completed foi the funeral, but this. beef: was quickly dispelled. - - While the funeral plans. If any have been actually made have not yet been announced, it is generally understood that Beattie will rest- in the - family lot in Maury cemetery, South Rich mond,. only a pace -or- two from :that of his wife. -The burial probably -Will be ; early In", the morning , or by the wavering . light ; of lanterns, - In order to escape the morbid crowds ,tnat are certain to gather at the graven - Beattie will - be taken : from the death watch shortly - after ; 7.' o'clock tomorrow . morning; The warden, .of the penitentiary following . out a the law, will read to hlmrtbe warrant or' 1 iy " . GOVERNOR W. Thrilled His Hearers With-. His. Drauon OETERMINE FUTURE COURSE Fight. Between. Congressmen Will De termine-Future Course of Steel ' Committee Argument to be Made'. Washington, Nov. 23. An open fight Inthe House of Representatives A;. o:;3tanTey;f of Kentucky, chairman of the House Special Committee of Inquiry into the Unitfd States Steel Corporation, and Representative Martin W. Littleton; of New York, a Democratic member of the committee, was assured today when Chairman Stanley declared that he would appeal to the House to force Littleton's P3signation from the com mittee. ; . The fight, certain to be precipitated soon after the House convenes, will determine the future course of ' the steel committee. - - The committee adjourned indefinite ly yesterday, following the sensation al testimony of the Merritt brothers, of Duluth, regarding their loss of mil lions in ore 'land and railroad proper ties to' John D. Rockefeller. This was done because Chairman Stanley : was powerless to enforce, continuance, of the hearings' under objections filed by attorneys for the United States- Steel Corporation- that that corporation is now a-defendant in a Federal suit for violation .of the Sherman anti-trust law. . ; ' . In considering the point raised by these counsel, Representative -Littleton took the position that nothing fur ther should be done by the committee until the . House had been consulted. Voting against Mr. : Littleton .- were Chairman Stanley and . Representa tives McGIllicuddy, of Maine; Beall, or Texas, tne oniy otner- uemocrais present The Republican members present Gardner, of Massachusetts, and Danforth, of New York voted with Mr. Littleton.- Representative Bartlett, the fifth Democratic mem ber, is .still at his home In Georgia, and probably will be unable to appear next month. Representative Young, of Michigan, and Sterling, of Illinois, the absent Republican members, are not expected here until next week. ; Mr. Littleton, who left the. sessions of- the committee yesterday, has brok en openly with Chairman Stanley' and will carry the question as to the fu ture, of the committee to the House. Mr. Stanley; after a conference today with Messrs. Beall and McGIllicuddy, decided to make the question a party issue and he will call upon the Demo cratic majority to sustain him in op position to Littleton, and to force tne latter's resignation from the commit tee.; He expressed confidence that he will be sustained and. has plained to continue the inquiry, despite the gov ernment suit The argument will be made on be half of the committee that the mere bringing of a suit by. the executive branch of the government will not as sure' a remedy for alleged evils of tne steel ; trust The c American Tobacco Company dissolution suit and its re sults will be cited as an example, Merritt Bonds in Minnesota ; ; Duluth, Minn.. Nov . 23 : The tes timony given before the United State3 Steel Corporation investigating com: mittee at -Washington1 toy Leonidas Merritt, of Duluth, . telling of a trans action in which he said he lost heavr 1; Uy John ' D . Rockefeller,' 1 brought tc light today the fact that-iSt-LouJg county' Minnesota, ; is still paying $12,500 a year, interest on $250,000 in (Continued on ' Page Eight) u' - J dering his death.' Within a- few brief moments- after that solemn . obser vjinVift Is completed.-Beafie will have paid his : toll bf life . for ther murder of hia wife. .-: r ;' :: 1 .; ' ' ? ' ' " t - - . ; v; ' - W. KITCHIN Eloquence; at Southport Cele- Yesieraay. REFUSED BRIBES Threatened With Death by Agents of McNamara Brothers ; New. Orleans;. Nov; 23. State wit nesses in the. cases against the Mc Namara brothers, accused of murder in -the blowing up of the Los Angeles Times building, have been threatened with death after refusing bribes offer ed by agents of . the defense, according tc' Detective" William J-' Burns today. He. made . the . statement during the discussion of the McNamara" case, af- tr deUyftug. .a-speecv -halt tnro-1 tection before a meeting of the -State secretary's section of the - America Bankers' -Association .in' convention here. ' His discussion was at the re quest of the delegates Mr. Burns further .declared that some of the witnesses for the prose cution had to be hidden o protect them from personal violence. He assailed President Gompers,' of the American Federation-of Labor, and Eugene V. Debs, the Socialist leader, but declared that nine-tenths of the members of organized' labor epposed violence. . He asserted he was cqnfident ' that the McNamaras would be convicted, "Despite a million dollar defense funa, which has. been collected for them." The ; meeting by a rising vote ex tended the detective assurance . of faith in his ' integrity. Burns was : the detective who di rected the investigation following the Los, Angeles disaster and which re- pulted in the arrests of the McNama ras and Ortie E. McNanigal. He declared that Eugene Debs, In a. recent signed article in a periodical, wrote in a vein calculated to Incite men to the 4worst possible violence. "And," he said, "I interpreted the ar ticle to ; mean , that ' J . ; Pisrpont Mor gani Guggenheim, General Otis and myself should -be removed." "If they got me," . he declared with feeling, "there will, be somebody else to take up the work and continue the fight for the protection of society. I have a consciousness of having per formed my ' full duty which the ob servance of an absolute regard at all times for the rights of every Individ ual affected and . prompted only by a desire to seje that justice is done." OUTLINES. In defense of the McNamara brotu- j ers, on trial 'Charged with ' wrecking the Los Angeles Times building, the American Federation of Labor has adopted a resolution to the effect that every . paid labor, - union officer con tribute one week's pay.to the fund- Members of the committee at Wash ington on investigation of the steel trust disagree on the course the com mittee should pursue. The fight will bo taken up In the beginning of the coming session of Congress, and this will bring about a determination as to the action to be made relative to the steel, trust When father, broth er, -sister and two aunts of ' Henry Clay Beattie, Jr.v- went to his cell in the . State . Penitentiary at Richmond yesterday to bid . him farewell, ; the prisoner broke down, for a. few mo ments, which was . the first time his nerve, has failed him since ,his sen tence. The electrocution w,.l take place this morning a short while ter New York markets Money on call steady, '3-8 I to 2 1-2 per cent, rul ing 'rate 2 3-8, closing bid -2, 1-4, of fered at ,2 3-8. Spot .cotton closed dull. ' Flour steady with moderate lo cal trade. Wheat, spot barely steady. No. 2 red 98 1-4 elevator export basis and 99 1-3 f.o.b. afloat Corn, spot steady, export, new 70 3-4 f.o.b. afloat to arrive, futures nominal.-, :. ,- CH. Fore & Co., sell the very best $1,00 and $1.50 kid gloves to be had. ; i i "Oh, VoU Beautiful" DolLW ' vi i 1 Mr,' Morgan- will sing It at. The Qrend-Theatre today. Rockefeller Points Out That Charges Were Denied .Under Oath.' SUBMITS SIGNED PAPERS Both of the Merritt Brothers' Names,. Are Attached to Papers, to the Effect That RDCkefeller Committed no Fraud. New York,1 ' Nov. 23. John D. Rockefeller, in a statement given out r here tonight, replied to the charges made by the Merritt brothers before the Stanley Steel Investigating Com mittee, 'regarding the methods ; used by Mr . Rockefeller in securing con trol of the Mesaba Ore Mines, and, the Duluth, Mesaba and Northern Rail road, pointing out that these charges were denied under oath as . long ago as 1895 In litigation over the Lake Su- perior Consolidated Iron Mines. .He furthermore submits the text ojf a pa per bearing the date of January 22nd, 1897, to which are attached the names . of Alfred and Leonidas Merritt and all the other members of the family "de claring themselves satisfied that neith er Mr. Rockefeller nor his .agents committed fraud or made, misrepre sentations in the matter in question." Referring to the testimony of: tbe Merritt brothers before the ' Stanley committee, in which .they . charged fraud and misrepresentation by Mr. Rockefeller and Mr. Gates, In. con nection with: the Lake i Superior Con solidated Iron Mines,- and that they ' were deprived of their-interest in that company- by means of a loan made them by Mr. Rockefeller of $420,000, which he called during the panic of 1893, all of which statements were de-, nied under oath in the United States Court at the trial of the litigation in 1895,- It would be absurd to try in the jaewspaper at- this late . date, the Isr. : . sues in thai ease-but It U significant that upon, the settlement 'tyhlch wai made at the close of that litigation, both Alfred and Leonidas Merritt, tho two who testified before the Stanley -committee, togetber wlta a..:..ae other , members of the family, ' gave Mr. Rockefeller the following paper: , "Certain: matters of difference havo existed between . the undersigned and Mr. John D. Rockefeller and a cer tain litigation has been . pending be tween the undersigned. Alfred Merritt and Mr." Rockefeller, in which litiga tion it was claimed that certain mis representations were made by Mr. Rockefeller and those acting for him concerning ' certain properties sold by him to Lake Superior Consolidated Iron Mines. . It Is hereby-declared that from recent independent investiga tions made by' us, or under our di rection, . we- have become, satisfied that no misrepresentation was made or fraud committed by Mr. Itockefel ler, or by his agents or. attorneys fo: him, upon the i sale by him of any property to us or any of us, -or to .LaJU Superior Consolidated Iron Mines, or. upon the purchase by him from one or more of -us of any stocks or Interest. . . in any mining or railway company or companies, or upon the pledge by us . or either of us to him-of stocks or se- curlties belonging to one or 'more of us; and we hereby, withdraw all such charges and claims and exonerate Mr. Rockefeller and his r agents and,. at- ; torneys tnerefrbm.' ' . " -v.v . Here follow the names f thetrn- i rious members of the Mirritt family.:, who signed the paper: . -.-.. "The facta wrth regard to the loan-. , were as followa," continues -Mr. - Roc-;v ereller. "The loans aggregating ?420. : . 000 were made by Mr.: Rockefeller in : various amounts during, the; Summer u.. of 1893. Mr. Rockefeller ever called these loans." i : ' . - In February, 1894, the Merritt brothers, being pressed by other cred itorsapplied to Mr. Rockefeller for further assistance. Instead of calling his loan, as they charge, he ' furnished the man additional sum of 44SO.O0O. Tfiey sold him 90,000 shares of stock at $10 a share amounting to $900,000, the several members - or -.tne. family contributing different proportions. For one half of this, more than enough to cover his loan' to them, he gave to each of them an option to re-purchase ir. a year at the price that they had eold It to him, with six per cent in terest Prior to the expiration of the year Alfred Merritt, one of the broth ers who testified before the commit tee, brought suit against ; Mr. Rocke- feller and he' and several of the others never endeavored to exercise the op tion. Another brother and nephew at the expiration of the option, applied . for an extension of it -on their stocfr, which was given, and they subse quently took back their stock amount ing to ten thousand shares and upon the formation of the" Steel corpor ation sold it to that company. ; I : 1 Lexington, Va., Nov. 23. Washing ton and. Lee University .will have the unique distinction after January 1st, . next, of haying "two presidents to fill the vacancy caused by the .resignation of . President Denny. : The executive committee of the institution has nam ed Dr. Harry D. Campbell, at present, dean of the University, and John Lr, Campbell," Its secretary and treasur-s s t eT, to perform Jointly the duties ot the,'-; presidential office,; ' ; . . ; , ; : .-. ' -' r': ; t - .' ; . i. '-.'. ':'-; t : a I 0 I, I 9 V . V. .-ml t n :. 1 I i --- v :.;,
Wilmington Morning Star (Wilmington, N.C.)
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Nov. 24, 1911, edition 1
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