Newspapers / The Charlotte Observer (Charlotte, … / Feb. 12, 1886, edition 1 / Page 1
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TP1S IS THE W OF OIJG SPECIAL ASII SALE. :o:- you can vj still have a good many very desirable goods. "Come while fit such bargains as uuer u pieuus uieauqeu. aauie llamas K irom. 41 f;00 opnts. 3 pieces Red Damask from 31 to 87 cents. . 54 inch Dress Flan 2&aV75 cents. TRUNNKS, V 1LISES, READY MADE CLOTHING, &c. s iq Dress Goods and Satios wan At half their crlginal cost, r 15 pieces of L ACE CURTAIN3 from 9 to" 66 cent? i T Foil r 1tnr at. nnr ni to lina -f . . . - . . HAMBURG AND TORG HON EDGINGS ' , ' V - - .v .... ' " , That we have just opened up. - - Also, WHITE GOODS of every description. Hew JUST RECEITJEIV and ' See ' Them :-o-i- Job lot of Hamburg Embroideries, Nothing In the.city to equal them in. prices. It ycu fat; to purchase from th'.s lot you lose a bar-; gala. ' " ' ,,'-.' EI k GO First .national Batk Bi!diDg, "Teuth. uolk thk suit. soaisnHES submits tc BK OBSCUKED, BTJT-UXX THK SDK, OHLYFOBA Subscription to tSae Obserrer. - - DALLY EDITION. - 81nglecopy.. 8 cents. ay tne ween m tne city....... By the month.;... - 75 , Three months.... I2.ua - Six months. 4.00. .. One year..;...: 8.00 . - WEEKLY EDITION. - s - Three months..: 50 cents. Six months . $1.00 Jne year ; l.a In clabs of five and over S1.5U. : ' r: - vlfo IeTiatf on From These: I&ulffe Subscriptions alwsys payable In ' advance, not only m name put in tact. . . TELEPHONE TTEANNY. HOW a tax: of tew million - DO LLABS A YEAR IS LE V 1ED TIIE PEOPLE. South Tryon Street, Charlottle, N. C. DEALERS IN -:o: Beautiful lot of Liilii Weight Flanoe For the early Spring trade to All Wool Double Width ib'itm it 60 i.eats, In the new Spring shades. T. L. SEIGL Ladies', Misses' and Children's v " i -FINE ; ' ;, BnTTON.'GONGRISS '4 LACE SHOES. - Gents' Fine Hand-Made and Machine Sewed BOOTS, BUTTON AND LACE BALS, BOYS' ARD OUTII' , FINE BOOTS AND' SHOES OF ALL GRADES r , GENTS1 FINE I ' : SilkSoft and Stiff ;;Hais. - ; : , TALISES and .GRIPSACKS, umbrellas: of all kinds: SHOE BLACKING and BRUSHES," ALMA and RAVEN GLOSS- . SING for Ladies Fine Shoes. Stock al ways kept full and , ; lip, to the demand ORDERS BY MAIL OR EXPRESS PROMPTLY ATTENDED TQ. - Undeuiable Figures, Sliowiusr tlie Extorliouate Profits of the Hell " Mooopolj- and Its Sub Compa. - nies The Telephoue Business YieIIiiiff a Wet Profit of Fully SO Per Ceuf. on Original Invest- luentPlants Paid, for the First Year, with Dividends to fepare to S i ochh old ers Immense, Im poriance of the Suit to be Pros eeuted by .the Government. ' ! New York World. , ; . ; , The fieui e9'dvea in an article eon cerning the Ann neap Bell-Telephor j-Nt " f. ill' 1 - 1 i 7 . uonipany. puonsstea oy tne ; iNew York World some days ago,' related otly to the business ol the patent cor porutiorv There are Rub-coinpan allovtr the" Uni ei States, and it ts by. tfceoe : that the at tual telephone service of the countryS r er tormed and it is througti thetn that the peo ple pay the enormous . tax now, ex tore J by tntt service. , ... v. The parent company, as t tated, is a Massachusetts corporation with the central office at No. 95, Milk : strr e Bosion, with an authorized "capital of $10,000,000: -This is, the greib con trolling and absorbing head of a vast syt tern that, extends, out to every city town and consider D'e ville, gath ering ia every yrar a : "gross income almost as g; eat as that of the We t ern Unjon Telegraph Company. The authorized capital of the parent com pan y is no index of its wealth and future aspirations, and it is only kept tt $10,000,000 bacam e of a refus al of the Legislature of Massachu setts to grant the company's applica tion for an .increased to $30,000,000. Tne parent company and the various subcompanies are really one stupen dous coLctrn, the v protitableness of which probably exceeds that of any consic erable .property known to this age of profitable ventures. . HOW TELEPHONE INTERESTS ARE OR- hit am & Co. :o: A new and handsome line of Irish and Everlasting Trimmings Ted stock ot Just received. 'Also a 'large and Checked Nainsooks. BafVed'Mdslin;&c. Fresh lot of Table Lafcle Linens to hew andattractlve patterns, and at prices that will sell them. Have still on hands a small lot of " , ' "-.; ' : 9 GST-'A A I Inclutiilng a few special bargains In Bla k and Cream Ca-hmeres,ll of which arenow offered much un der their value. In order to make a "clean sweep" of all , . - - -t - KID GLOVES .IN STOCK, : We have marked the same clown to figures that are Donntf to command, attention, them. ,i . t , i -'-'-' . . - - Come -and see : : SUCCESSORS TO' ALEXANDER & HARRI3. ' ,''- . ' Houses Rented. Honses rented and rents collected, In the dty ; Awertised free of charge. " i . CRABLOTTE REAL ESTATE AGENCY, ! '; , , R. X. COCHRANE. Manager M tf ' Trade Street front CMiVal Hotel m THE LATEST MOST ITfflT! HWe are now running; on.' full . feme. ' JFurnlture mamifactared bj as - Is kept t)y the enterprising ' lurnlture dealers in tt?1 city. , We make only the : best and most Bubstaii!.ai In the market. jNO ; SHODDY GOODS. Ask for goods made by us and .you will get the worth of yoar money. ' Our name is on each piece. .We solicit the patronage of the Public and guarantee satisfaction. : Respectfully, '; ; ":" ELLIOTT & UAESH. FRED C; L . . - wnoLiaAL1 CAOER KEEIi DEALEXX ATk CHARLOTTE, , N. C Capresents two of the largest LAGEI BUEIi Breweries in the United Statei ' i - ' ' - riic rSercfiier & Enel X3i-e-rfc Co., or rMIadeIpIiIa,'aiid the P. ' 'Cz El. OchafTer Krevrlas Co., o r?er Vorlz. ' ; THE LARGEST LAGER BEER BOT TLING tSTABLISHIIEir . IN THE CITY. - . t, - C.T Orders Solicited. All . order promptly filled and delivered free o charrra to any part of the city. . " dscCCdlf - ; : : . , GANIZED., v . As soon as the practicability and usefulness of the telephone had been established there was a grec t rush in all directions to secure territory and form subcon pimes. These sub- con panies nave since been largely consolidated, end in May, 1885, there were; thirty-six m existence in the United States. The one now holding sway over the city of New York is known as the Metroplitan - Telephone and.Telegraph Conpany, which itself h.s tour sub-compames or sub-li- censes- the Domestic Telegraph and Telephone Company of. JN e w York and New Jersey Telephone Company; the Westchester Tel phone Company and the Statem Island Telephone Company. In the thiri.y.six sub- companies referred to above no ac count is taken of the sub-licenses. In New York the Metropolitan stands for aP, and the dealings of the parent company are witn it soieiy. u , The pareht company has an inter est in all the thirty -six sub-companies of the United States. The aggregate capital of these sub-companies amounted to $53,000,000 on the 31st day of March, 1885. It is consideras blv more than" that now.; If we add to that the $10,000,000 authorised capi tal of the parent company it makes a grand total or. fb3.uuu,ow. u tne parent company were to be granted the additional $20,000,000 of author ized capital stock they have -asked for, the . grand total .would ; foot up $83,000,000, which is $3,000,000 more than'the capital stock of the Western Union Telegraph Company. Without a check or some sort it win soon reach that and even still greater pro portions. ; THE MIGHTY GRASP OF THE PARENT " company:" -: I , , The interest of the parent company in the various sub-companies is v xy lerge, ranging all the way from 66 to 51 per cent. On the 31st of March, 1885, its holdings in the various com panies amounted in round numters to 240.0UU snares, tne vaiue wnicn was estimated at $22.000.000 so: that, of the aggregate $53,000,000 of stock held by all the: sub companies com bined.i the parent company held a! most half. Its holdings in the Metro politan Telephone Company of this city amount to o,uuu snares, us noia mgs in the New England Telephone and Telegraph . Company - to 62,1 56 shares, and its holdings In the Ccn tral Union Telephone Company to about twenty -four thousand shares Tbese.share8 in subcom panies were obtained in two ways; one by so- called purchase, the other by frans ehise, tht latter term meaning sim dIv a uift for the right to ex ist, while the purchases made are no more than certain transfer o propel ties upon which there ma'y be placed a fictitious value. On the 31st: of March 1885, the par value of the shares obtained by franchise amount ed to 515,500,000. But telephone stock is ran ly to be estimated on the oasis or a par valuation. The pres ent company 'b stock has sold as' high as zou ana is now- worth about 200. The stock of neatly all the subicOm- pames js worth ; c-quallv as much. Very Jittle of it is on the market at all, it being too valuable for specula- ENORMOUS WEALTH OF THE SUB-COMPA Vr. "NIES. v - '" " The combined wealth ! of the sub companies may be ascertained, at least approximately by calculations bised on the last report ? of the par ent "company, issued to its stockhold ers March 31st, 1885. It is t!;ere stat ed that the average number of ex change connect:ons' in. tLo ULitcd States was 697,966 per- dsx, or 251, 267,760 per ye tr An exchange con nection is wbat is k commonly . desig nated a cal . Elsewhere -the report statos .,, ..that . the . subscribers . pap from three --cents to five - cents per conne jtion. : Suppose we fix the average charge at fouc cents per con ntct.ion ; Multiplying the number of connections a year, .251,267,760 ' by four cents, we obtain a grand total of $10,000,710 40; which is a fair estimate of the; gross income. This is;6 per WU.Ul BUOUl $J.O.UUU,UUU. iViaKlDg a reasonable reduction tor- expenses, it is not probable .tht.t1 the sub -com panies or tne country receive a net income of less than' 6 per eon: on a combined valuation of $150 000.000 The Bell telephone 'property", of the U nited States , may be very safely placed at that high figure. The actua capitalization 'excluding the parent Company, 'is $53,000,000, as shown by omcial repor and ,t is ,vtry . certain that the average real , value of the stock is $200 per share on a par .valu ation of S100. . " . ; . " S These figures, which' are 'certainly conservative enough, are given to indicate the financial strength pf the Bell .Telephone Com pany and ' all its allied corporations and to show what a powerful hold.it has upon the coun try and the danger that is. . threaten ed through' its continuedvgrowtlj. No railroad corporation is so powerful ; no telegraph company is so power tut ; no corporation of any kind is so powerful as this single interest rep resented by the Bell telephone. , EXTORTIONATE RATES 5 PAID -BY SUB Z'- t ' - SCRIBERS. ' ,' ; . ' ' Tl i throws :it :to bolder relief than ever the - extortionate urates charged subscribers by the sub-companies." On tne dist or March, ,1885, - the parent company and under rental to the va rious sub companies 225.571 instru men ts, on which ire average price is $7, per annum, so that the entire ren-. tal expense of- the sub companies; is but $.1579,018 a year. Tl iis the prin cipal item of expense, that com ei oiit ot their gross income of $10,050,000. n New York the sub-enmpanypays the pa: ent company $14 per year for instruments and charges subsci ibers all the way , from . $150 to $200, and tven more in case of ; private lines. The average cost to subscribers of an instrument under control of - the Metropolitan - Company is not f less than $175- and there are over 12,500 instruments in use, including private wires. If we place the number at say 12,500 the total tax on si bscribers is about $2,112,000. . Only $205,000 of this goes to the present company on account oi rentals, ine remamaer, deducting expense for salaries, con-, struction, repairs, &v, going as div idends to stockholders, vthe present company, itself being a 'stockholder to the extent of 6,000 shares. The to tal erst of a teU phone instrument is $3 42: so thtt - in - New York the parent company receive s every year as rentals over four times the value of the instrument rented, while the sub company receives from subscri bers a sum still more out t f propor tion to the first cot of the service rendered. There is riot a subcompa ny m America that has not more than p' i'l for its ; plant m the firs c year of' its. existence. The whole of the 325,000 . telephone instruments in use in the United' States! cost 6nly a little over $1,000,000 so that twhat we see or the telephone l eprenents in act- u&l dollars and cents less than one- hundreth part of the net value of the property" it repreEents. v , , THE MEANING ; OF THE GOVERMENT S Nq. account is here i made of the Bell Telephone ; interests vin foreign countries. - It is sumcient to know what thev- hae attained to m'the United States, so far as the ; impor tance of the suit about to be msti tuted by the ' government1 is concern ed. If the Bell patent shall be inval idated a fatal I low will be 6truckf at the most stupendous single 'monied power m the country. 11 it should be sustained, there is no, guesting the proportiona to which it may event ually; grow. , , ;' j .. 't : V1 nn. ii i! To examine . these linn8 We are . not 8tllipg tltm (OST T 1 'Jr :c- FINE LINEN HUCK it' 17x32 DAMASK 18x36 . 11 20x40 HUCK 21x41: KNOT D FKINGE DAM. 18x38 EXTRA ,H E AVY 44 21x43 PURE WHITE DAMASK 23x44 17x30. INCHES is it. AT 8c 10c. 16c 19c 19c 21c 29c 44 38c' EACH . .- . -. c it WORTH ti' (t 12ic 15ic 22W 25c -25c 30 40c - cap . (4V gick and bilious headache cured by Dr Pierce's "paietar , t...;f .o ; Mrs. WInlof Soothijajj Syrup. '"Rer.' Sylvanns Cobb thus writes in 'the. Boston Christian Freeman We would by no means recom mend any kind of mealctne which we did not know to be eood Darticulariy for infants!. But-of Mrs. Winslow's Soothing j Syrup we- can speak from knowledge; In our own family It haJ proved a bless ing indeed, by giving an infant troubled with colic na ns. Quiersieep. ana tne parents unDrosen rest a; nieht. Most oarents can appreciate these blessings. Here Is an article which works- to perfection, - and wi.lch is harmless; for the sleep which It affords the infant is perfectly natural, and the little cherub awakes as "bright as a huttori. And during the process-of teething its -value Is incalculable. We have freauently heard mothers say that they would not be without It from the birth of the child till lit ha4 finished with the teething siege on any consid eration whatever. . Sold by all druggists. 25 cents a bottle. -. . - UNBLEACHED LOOM DYCE ,- - " DAMASK r . BLEACHED. ft I 50 ins at 2lc per yard worth bu ins at 35c COLORED It tc tt 44, it (ft (t ( tt tt 1 41 ' 62 ins at 50cJ . 54 ins at 41c . 60 ins at 52c . - i 60 ins at 58c BORDERED 64 ius at 76c - . - - 64 ins at 82c r . ;60insat32c 60 ins at 50c" kl .. . 60 ins at 62c . 60 ins at 68c . ' 60 ins fit 70c t t tt n tc t tt tt tt, t ; tt . it: t it : tt it ' tt ' ( tt 35C ,50C 170c . 55c 75c 85c 95c 1,00 :50c 65c 75c 85c 90c cSpeciMumbisr in Quilts AT 1 93c A WHITE ' 4 ,1.15 : EXTRA HEAVY- A BEAUTIFUL MARSEILLES FXTRA HEAVY 44 CROCHET QUILT 10-4 WORTH $1.25 tt ,11 i1 i l. . vn tt ti 1.50 1.95 tt 11-4 11- 4 12- 4 ti tt it 1.50 2.00 2 75 ! :0! 1,500 yards ..of Genuine 'Lace Striped Scrim; 40 inches .'wide, at 12c. per yard, worth' 25 cents. . CHARLOTTE, N. O. MAIL ORDERS SOLICITED AND PROMPTLY ATTENDED TO. FOR SALE. K? Two desirable building lots,' 50x300 feet, OO fronting on South Tryon street. Adjoining the property of J,. H Carson. .Shade uvea on lots. Will be so d separately or together. Price . $700 each.:- - . ; ' CHARLOTTE REAL ESTATE AuENCx. L. J. WALKER. B. K. BRYAN. !, J. H'ALH 4 IU. Wholesale and Retail Grocers. NEW FIB5I wciy GOODS GN the first day of January ,188fi.the undersigned entered into a co partnership for, the purpose of carrying on a . r ! - General Giocm Bnsiness r yi. -z, At the old stand of -Springs A Borwell. corner Tryon 4 Fourth streets, - We are -qualified by long experience, to meet the demands of the trade, and give satisfaction to our customers. ' - We will keep on hand at ail times a full stock of -o"il f-'rju-i ... Which be delivered in any part of tfct efti; J e.; 9charge r , ?'i . - . ::)y JJmREME2IBEBmLl ' We wlQ not be undersold In the Charlotte market. ' YT There is a good wagon yard In the rear of our store for the accommodation, ef our cutti- mera. ; " 1 L. J.. UHLStin CO. ATIE STILL TRICWPnATl For fifteen yars they have steadily gained 'In favor, aad with sales constantly Increasing have become the most popular - corset , throughout the United States, i . The Quality , is warranted to wear twice s long as ordinary eorsbts. We have lately Intro duced the G and R H Grades with Extra- Long Waist, and we can furnlt b them when preferred:; Fairs. . The last medal received Is for First Degree of Merit, from the late Exposition held at New Orleans. - ' - . While scores of patents have been found worth less, the Principles of ihe Glove Fitting, have proved Invaluable. . - ' - ' ' Retailers are suthorlzed"to refund money, if. en examination, these Corsets do not prove as repre sented. ' - 5 ' ' 4 - ' free on Application. . Tbomiion, Langdon & CorVef ' These goods In all styles, and qualities frr Kit by . , . , . , t . C M QEEHY. Octl&eod-em CLarWtle, N. a f5::jl.3valf:l!ls;; ... The Original and Only Genuine. . Safe and lwy f EeliabTfl? Bwre of wo rt Me Imitation . IndiDeusble te LADIES. ' Ak Tour lr.srarlt lot ' . MChlchester'li CnelUk" aad take nq other, or luuioae to. . (.tamps) to D3 for fjrticular i letter h; Ktani 1, ' NAME PAPER, t hich ester CheroUal C- Sold by Droeff1it everj-wlipre. Ak for "Chlclie ' " ter'KnsUii" I'eniiyroyaI'lIli. Take no ctitw.' ' janlOd&wiy. ' - , ' :' - t y- Juneawtf
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Feb. 12, 1886, edition 1
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