Newspapers / The Charlotte Observer (Charlotte, … / April 10, 1906, edition 1 / Page 9
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i '- CHAFiLQTTE DAILY OLHSIIVEB; .APRIL 10, OSC J. X It , r C01IMEHCl! FINANCE " " i-' (Continued from Page Eight) J BOt'THERN COTTON " MIU , STOCKS. r-; Captations. by F. CVAMoU ft Co. r s v ,?',, ' Bid Asked Abbeville common.; ..96 , w " - Aiken Mfg. Co... t . 64 , American, Spinning., .'.,', .lit HI, Imrinii ' Unlnnlni ' 1.101 11fi A. 1 Anderson Cotton MIUs I,.. ,-.104 106 ; v ,,Arcaeiai..,,.wwt.- ' Arista - . ,,, . .,.,., -,-v, Arkwrlght Mill., .r .... " , , S Arlington.. . 12 - . - , " ' ...... 1" j. " Avon 4, . .' .... ...ilOB i f S ,?Avondele V..,- ' s J Augusts fls. ', ... '.-.'...w... . -? V Beiton. ',.. viiw.-',?i4 Bran4on Cotton Mills JB. C... . JQt roji Cot. MllW, . u... .. w m rooktd ... .. . IW uffalo Ullls.' 8. C. . .'. " , Buffalo Mill , . .. ' cannon ta.it. -o..t. i Capitol .Ctty v 4. ... W . Chadwlok. MV C Ptd- A, 1W ' Cherryvllle " v " J? Chtewell, 8. C, ......- . 1 rhaiii. a. C ffd -'lot Clinton, t- .4 t 1M Clifton com.. , .. .. .. . Clifton, PM , , .M;...109 104 Clintaide .."..- .'...Utv ' Chlauol . '. n -J0 ?i Chronicla J1I1M. N. , C. Hi - Courtney . ... vif .,...M0 10J Cherokee Mf. Co. ....... .... Is - t;onver. . i .. ...... ....u - Columbui " W.: CO.. .. ' '.. , .. . Com .jr.. . ...' . ... ;Iar)lnrton..' .. .. .... .. ..CO PUa MfR CoT Al .. .-... ' boVar Tarn MU. N. C. 100 Drayton,,. .... W 'DUlinf. . .....'......... ......o0 Eflrd, K. C. ., . .126 KlfHlra. VIA. ... 106 106 100 96 88 ,107 Eagle & Phoenix 125 m Eaeley 12 13b Edenton. N. C. .. -. .... .. J Enterpriae Mills, N. C. (par. 60).. Enroee .. .. . 77 Enroea, Pfd .. .. .. .. .. .. M - Eureka. .. .... .... .... 95 Eatpoaltion- .. ... ..200 gafrfleld. Pfd .. ...... Florence N. C .. IK Fountain. N. C GO Osffney Mff., Co.. .. , f. , , Gwton .. .. .. .. Oaitonla- GIDaon.. . .... .... ......96 Cluck.. .. .. .. M Gln Vowry, pfd Glen Lowry Com 1 Granlteville, 8. C. ..185 Gray Mfg Co .. .. Grandei... .. ... ..110 Glen wood.. . .. .... ........ 104 Highland Park ,...180 Highland Park pfd Hartaville 90 Hartavlle, Pfd ... 9f Henrietta Mllla .. .. .". 90 91 103 90 98 U9 Tt W U6 100 96 104 104 HO U7 140 101 100 HoakltM. Ffd . HoBklna, N.' C 103 109 ' Huguenot, fid t Inman Mills. S. . Inman Mllla, S. C. Pfd.... 7 John 'P.; Kins Mfg. Co. tt Kaler 1324 lncaater Cototn Mills .. ..106 Knoxvllle Cotton Mills 126 Lancaster Cotton Mills, Pfd.. 87 Lanett V... . -.. 100 Lngley Mfg. Co 99 Laurens., .. j 160 133 130 100 lot S6 16 Linden. N. C. lat T .11.'.. 90 11 Limestomo .. .. 100 101 toray, Pfd.. 8S Loray Pfd.. v. ..90 Ixiulee illll, , N. C 90 Lowell .. .. .. .. 130 Lumbar ton.. .. . ..166 MaMboro Cotton Mills ....70 MMln Furniture Co., N. C.".. 40 Manchester Mllja..-.'.. ... .. .. Mllle Mfai Co.... .. .... ...... ..102 100 76 60 m 105 Mllla Mfg.' Co pfd.:.... ,. .. ..H Modena cotton- Jims .. 12 Moubfton.v.'.i'. -m.v :r-t. Moqogtuut ..v..."..... .. ... ....101 103 90 cBviiu,: '.eivi-vt.- ; at , Odell Mills.. .... ...90 91 . Orangeburg, 1st Pfd.. .. .. ..100 Orangebury, 2nd Pfd .. .. .. .. 80 Orr Cotton Mills, 8. C. Osark ..'100 Paeolet Mfg. Co., 176 Pacolet Mfg. Co., Pfd .. .. ..102 Patterson Ilia PeUter Mfgo.. .. Piedmont Mfg;. Co 169 : JVIhani, Gh.. If6 -. Pelham, Ga., Com 140 Piedmont Wagon Works .... 200 Poe, -W. F. Mfg. Co .. ..126 PetnSTe'a Cotton, Ala. ; 103 90 103 ISO 177 104 170 175 109)4 131 Richland, 8. C. pfd ...oO 63 Koanoite aiuia Raleigh ' .. .1.. Riverside Mfn Co.. ..128T 155 100 - 102 Richmond Spinning Co. 90 Rocky Rlveiv Bid., .. . 115 Baxon .. .. .. .. '.. 100 Benaca. .. . . . . . . . .... 104 Senaca; Pfd, Sibley. Ga. . ...... Social Circle ... ... ... Southern, N. C. .. .. . Spartan Mllla... Springsteln Statesvllle Cotton Mills Trenton, N. " C Tryon, N. C. .. .'. .. .. Tucapau. S. C... 61 66 101, 60 145 ..187 ... 90 . 900 ..123" ...131 136 141 ...1M 14 Tucapau, & C. 160 14 Tuscarora .. .. iuo m (Jliivn inula, o. v; .. . Onion Mills, 8."C., Pfd.. .. .. . Unity, Ga... . .tf ..126 Victor rOil ... ... ; Victor Mills, B". C. .. ..HI walhalla, 8, C -.. - Warren Mr. Co. pfd.4 w. i.106- . Warren Mfg. Co. ...97)4 101 Washington Mills ., .. 17 Washington Mllla, Pfd 17 100 nr diiubi.. .. .. .. fie w WlsnaasU,.; .. .... ... ., 135 wminey.'. .. .. I4t ibi Woodruff ., Woodaldw .. 105 107 .. .. 80 90 BA1IK STOCKS.- First Nationalof Charlotte. .16 , Merohants! & Farmers',. Char- i V.thV I, .Jt .. .. .V ..162)4 Commercial of Charlotte 250 360 Charlotte National .. .. .. ..no BouHiern Elates Trust Co.. ,.12S Palmeto Bank 4k True t Co.. ..120 Charlotte.; .. . .. .. .. .. ..126 Southerri Lean and Savings ' Bank. Charlotte .. .... ..,460 First National of -Oastonla ..121 City "National, of Green vUIa... 176 irsi iaiionii vi worsanion iao Carolina National, Columbia ..135 Wilmington Savlnga dt , Truat . Company .. .. .. .. .... ....700 Bank Of Bpartanbura; .. ,. ..uh Central National of Spartan. burg .. .... ,i 440 Merchants' Jb .Farmers', Spar. ..v tanhtirar. .'....'..',: .vv.'i..., . .. v.liK 141 i " Peoples' - National Winston.. -, ,110 , Spartanburg BaTlngs .. .. .. .,145 HI .Fidelity ioaa at xruat, or ',. . . Bna.t1lhtir v.'.;. . i ..... . . MIC . First' National, -8Dartanbura'..'l40' ' . . Southern Truat Co ,. .. lot ; ' - Cabarrus Savings .Bank . (par , i -.50) ' t; ' . ,f 1 ,' ' ., 63 .... . : ti.i.w,.ti..b'4 liVM.nl. .m . a. V .Flrat National of Hkhmond..346 1 vcJSqultable, Trust Co., Augusta r- ' .tlisnal HtVlllinr. ; Hank 'Aim. Charlotte Truat Co .10 ' , AtlanUo National Bank.. ...J40 : , " National Loan , , Exchanga - 4 , ' Bank. Columbia .. .. ,. Palmeto Bank Truat Co.. ...120 M' " State Bank . ...H6 Bank o Columbia i.. m r ' . , BONDS. ' , ' I' V. C. 1M0V 4. ..11 Ml ' N. C, 4s int. f added ict4 tnH. ' WmIm Villa ' Sa. inr-..i..' . mt aAdeit ......' 1ia' . i in l mii . " coiumbua rower .u m Ida), uranay miiis sa ' A, T ik.O. R. R. 6s 1HJ......101 .'111 . " N. C B. R. Btork..'.. ..La m ' f CharlottO 4Mb IKS Int. added..'-. iiM , Atlantic North Carolina,. - . if ' .Atlanta Charlotte let ....102 i-- u , 8. C. Brom. Bonds ,- VU14 ' " If you would - loae that dull .old , H f . headache. 1 " . And feeLaa lively as A"fls.,t. Make- haste to your druggist "" ' , And-t'uy coma Rocky Mountain ; - Te-V ' i tt , - i-JftV H. Jorn A Co. K-f'Vi-. WORLD'S C0TT0NPK0BLE1I i.' A STt'DY B V TIIKODOHE H, WtlCE During the Faat Sevea Year tho Cot. Vton rrodutHloa of U Vnitod SUtcs . .Has Hemained AlmoMt Stationary Hi Htaple No Longer 'Hlns:'Ju tho Senao lmt Ita Cuiavatloa Is , a v. Compulsory y , AlternaUto to SurratVon growth ' of tho Indus trial South.! I ,'l.5& - 1 To the JEdltoc ot ,Th Observer. ,i ' Those who-have bean .close . atu. dents of .cotton history for the past ten .years cannot, fat) to be. Impressed by tho following salient faeU:. t , L.That tha South first produced a crop of about-10.000.000-bales, ac tually , 9.901,000) .In the, ', season of 1894-6, an that I lit l05.r,twelve years later, the yield from a largely Increased acreage; Is L,OnJy about t per cent "greater, L a, 10,60,000 bales,- - v- -'nrJwv,'".'' ' "n II. ' That the' average, yield of the eleven years, 'Just ended, Is 10.240,000 bales, or hardly more ' than 3 per cent Increase on the yield of twelve years ago, and that the crop ;juet marketed Is but UtUe over this, aver Be. ' , ,( s i ' s ' . f' HI.' . That tn the past seven years but on crop of over ; 11,000,000 hales, has been produced, and that If this crop; resulting from apparently unique conditions) be excepted. ' the average yield of cotton during : the last six years. la only 10.340,000 bales or only about 300,000 hales less than the crop just, marketed. ' 1 ; ' ?' ' IV. That, although the first crop of 10,000,000 bales was considered so super-abundant that in 1894-5 It depresed the price of cotton to 5 1-8 cents in New Tork, . practically - the same yield ten years later (in 1903-4) caused an .advance of 18 cents, the extreme appreciation In value being 360 per cent., attributable entirely to an Increased demand, as tha sup ply was the same. V. ' That, 'although the average price-of cotton from September 1, 1898, to - September 1, 1899, waa below 7 centals and al though It never sold as high as 9 cents, this . price was sufficiently re munerative to the planter to Induce an Increase in the production from 7,600,000 In '1893-4 to 11,200,000 In 189?, equal to about 50 per cent In five years; while, on the other hand, an average" price of nearly 10 cents during the past seven years, and an extreme advance to II cents worked an Increase In the production of on ly 85 per cent., and that for one year only, while the average crop of the last seven years at an average price of 9.93 cents per pound. Is only 10, 800,000 bales as against an average crop of 9,658,000 bales, at an aver age price of 6.84 cents pfer p'ound tor the five yeara preceding. Broadly stated. It . seems plain from the foregoing that, during the past seven years the cotton produc tion of the of the United States has remained almost stationary, only the extraordinary combination of 18 cent cotton and absolutely perfect weather being effective In Increasing It substantially in 1904-5. As, dur ing the same seven years, expansion at a rate previously unbelievable has Deen almost universal in every otner direction throughout the world, and especially In America, 'the student of economics naturally ' asks: -Why such an anomaly? The answer, in my opinion, is the "industrial South." Some two years ago, I pointed out the marked tendency disclosed by the census figures' toward an increase in the urban, rather than the rural pop ulation of the South, and It is prob able that.alnee that time this ten- ucii;y nan neen accemuaiea. My Attention was directed again to the subject during a recent trip through the South. Not only waa I greatly impressed, with the growth of the towns, hut also with the marvelous Increase In aJl sorts of activity other than cotton planting, which develop ment must, because of the labor tt di verts, be directly at the expense of cot- ton production, while, on the other hand, increasing cotton consumption. In the course of this Journey, which carried me through the States of Vir ginia, North-and South Carolina, Geor gia. Florida, Tennessee and Arkansas, my observation and intercourse With those I met forced me to the con clusion that in the South cotton Is no longer "king" in the sense that Its cultivation tm a compulsory alternative to starvation. It will surprise many. as it did me to learn that during the past year the combined value of the lumber, mineral and garden truck marketed from the 'Southern State, ex ceeded that of the cotton crop. In Florida, it Is no uncommon thing for truck farms to pay an annual profit of from $500. to $1,500 per acre, and In that State Mr.- Fagler has employed upon the Key West, extension of his East Coast Railway some 18,000 men. chiefly negroes, thereby withdrawn from agricpltural activity. Throughout 'Georgia and the Caro lines, the Southern Railway Is prac tically double-tracking its line from Washington to Atlanta and many oth er lines of railway in the Southern States are employing many thousands of hands in reconstruction and exten sion. . . 1 , Along the Yadkin river In North Car olina, and in Tennessee, Georgia and South Carolina, plants for the electri cal transmission of water power are in process of construction that Involve the expenditure of some 125,000,000 ohtfly for labor, within the next two yeara Ml. R. H. Edmonds, of The Manu facturers' Record, of Baltimore, says that "one Mt tie town in North Caro lina, scarcely heard of ten years ago, Is now the sHe of over 40 furniture factories; whose annual product, ag gregating several million dollars a year, finds a market all over the world." ' ' If, In addition to these few enter prises coming- under my personal ob servation as augmenting the demand ror labor in tne aoutn, were be con sidered the Increase of nearly 200 per cent in 'tha cotton spindles of the South since 1890, and tho marvelous Industrial' expansion In. almost every other direction from Ice manufacture to petroleum wells and aluminum pro. auction, some iae may oe naa oc tne importance of the labor factor In af fecting the cotton v production of the To fully understand it however, tt is necessary to remember that orac- Ucally none of tha enormous Immigra tion pouring into this country 'In the last decade nas oeea otreotea to tne South.. There, as In ante-bellum times the labor of tha negro remains tha chief reliance of the cotton planter, q The latest figures that Z have been able to obtain of the Southern pop ulation and its distribution indicate! a maximum Increase of about 50,000 In the negro poauiation ox tne cotton States during the sit ' years ending with 1905. Applying, the usual rule of one In five to this- increase, It is plain that not more than 100,000 able-bodied negro " men have been, added to the available labor of the cotton States during the period under review,'' K.yu in ' tne same time; tne wages ' paid to this unskilled labor in the. mines, lumber - camps, on the railroads - and at the , factories, -.have practically doubled, and averages 30 to 10 cents an hour, or 1.B0 Xo $.00 per 1 day; earned under conditions which'' admit of the enjoyment of city life, while the cotton "hand" is still supposed to be content with 113 a month, Isolation In tv log cabin, and a little pork. com meal and molasses, or the alternative of a "tenant's" share In a crop of doubtful value, payable at the end Of 2&TTlaa a Interent for the supplies, furniah- ed on - credit. . Smart twonde. then, that the cotton production of the' South has become practically stationary, It Is to be borne In mind .that the Seven years between .1898-0 and 1906-6, between the crop of 11,256.000 hale pro duced from about 35,000,000 acres, and tho crop! of 10,690,000 producted. from about 28,000,000 acres, , are the years of j the marvelous prosperity; following the , Spanish-American : war, '. the Irre vocable adoption of tho gold standard ln. Ameitca, and tho enormous In crease In the world's gold production. This period, which will probably be known, m history as ' the "McKlntey Era," records the most stupendous ma terial 'progress the world ' has ever jinown. As was inevitable under such conditions, the. expansion In the con sumption of . cotton has . been : enor mous, and foreshadows a demand for an annual production of 25.000,000. bales even sooner than the moat sanguine had anticipated. How is this produc tion to be secured? In India and Egypt tho production, as in America, seems almost stationary. ' From the South alone, for the next decade, at least, the Increase must comer hut with industry bidding against Industry to attract the .labor from the cotton field, a sub stantial, a sustained, and an almost sensational advance in price seems to be necessary to draw and to hold the labor essential to even a sufficiency of cotton for the next few yeara. . THEODORE H. fwce. HORBCRyg MARKET LETTER. Steady Demand for- Spot Cotton at Jilverpool Too Early to (Jet up a Scare on Account of Probable Backwardness of New Crop 'The .Aiancnrster ciotn Market, Correspondence of The Observer. Liverpool, March 31.-A steady de mand for spot cotton has again been met with this week. For American descriptions the premium basis shows little, if any, change from last report. Stapled cotton and good firm uplands are quite stiff in basis, with possibly the latter leading a trifle. Other sorts call for no special attention, hut In Egyptian a good business has been done. The actual sales have amount ed to 59,780 bales. Spinners took 65,. 815 bales, and exporters 8,265 bales. The import has been 62,802 bales, Stock has decreased 19,270 bales and is now 1,103,720 bales against 811,740 bales' last year. Of American afloat for Great Britain there are 144,000 bales against 187,000 bales a year ago. In the future market the temper has become rather more bullish, but the volume of new business has not been very great. Mr. Price's action seems to have caused some of the nervous' bears to cover, but there has never been much buoyancy shown at any time. In spite of the gloomy prospects of his extensive weather reports portray. It is noted that, though these are sent alone In wholesale fashion, they have been but the expressions of opinions of Brown, Jones and Robinson in the cotton belt, and may all be true, and doubtless are so, but it is too early yet to get up any pronounced scare, by reason of backwardness in crop preparations through cold and rainy weather con ditions. Moreover, Mr. Price leaves his correspondent to tell their own tale iri their own fashion, though he himself fails to dot their Ts" and cross their "t's." The market, whilst nervous, refuses to have extensive commitments either way. It realises that outside speculation is difficult to draw in on the' bull side for summer positions verging on 6d. per lb., and to sell any quantity of new crops "short," whilst planting is backward and weather conditions are poor, 19 not a particularly safe operation. It does not forget either that present prices, though moderately high, are not such as would warrant a deterrent to speculators of the bolder order. The cleaner grades of firm and solid cott ton, with the spinner here will Insist upon having, are, as we have already pointed out, growing scarce, and so long as America keeps these on a higher basis than Liverpool lets them go at, means but one ending. This week many "call" contracts .- have been fixed, for spinners have appreci ated this aspect' of the acse. Bears do not forget either, that Manchester can and does manage to get forward con tracts for cloth to book, extending In to next year, and that consumption on a .full scale is assured this season out at least. On the other hand, the doings In British politics latterly do not tend toward bullish proclivities. The un-prejudlced-mlnded -business man pre fers to mark time meanwhile, whilst awaiting the possibility of further surprises, any or all of which he re gards as belonging to an unsettling order, rather than One of assurance and solidification, The American coal strlke outlook Is not regarded as a matter of no comment to cotton. It 4s not a bullish item as viewed from this distance. Briefly, the temper here seems to be that a waiting policy Is preferable, and is unquestionably be ing largely acted on at the moment. MANCHESTER. ' There has been a big cloth business done this week for China, and some manufacturers are now sold Into the early part of next year, For India a fair trade has resulted, and the hearer markets, too,, have been busy; arid, In fact, all makers of cloth seem to he well held at full price!. W. H. HORBURT A CO. NEARLY ALL TAKEN. Only a Few Parking Spaces Left for Ashevi lie's Howe snow new -,jso-tries Another Cop on lilst. Special to The Observer. -, , Aahevllle, April . Out of a total of 113 parking spaces for the Ashevllle Horse Show event April 24th and 85th only M ' ? ! remained unsold when t he books closed Saturday nhrht Aft .i the SDaoes on the west side of tha course have been disposed of; 12 remain un sold on the east side and . tare tn front of the grand stand. -.The sale of parkins; spaces this year has been brisker tnan at any previous snow and augurs well for, the success of the fourth annual meet. Handsome horse show posters ; were received by , the management of the show last week aivd these display cards have found place in the show: windows of prac tically every prominent business bouse In the city." Another entry was made Saturday when Mias Aiyn Reynolds entered her handsome, and spirited lit a ponyV BUiyf ir froth 'ponyr cls s Another cup' haa also heen ad ded tof the trophy Us, -The -.'cup Vtfs bv Alexander Coston. The directors of 'the horse show'met thla -afternoon for tne purpose ox -ciasairymsj ins cups and ; arranging of programme : , . ' 1 'J 1 '! " 1 1 " "!' " I 1 .L""l " .' Than a -a faw Alajnaaa that hfllr mnn torture than rheumatism and there , la probably no disease for -which such ? a varied and- uselesa lot of remedies 'have been suggested. To say that it can be cured Is. therefore, a pold .statement t make, .but . Chamberlain's Pain V Balm, which enjoys sn extensive gala, has met W1W great --aueeess :i'in !,thf treatment' Vot this 7ease. ;,On. application - of jPela Balm will relieve tha pain, m hundreds ef sufferersj hav tes(lfled - to perma nent curea by Its Why suffer i when Pais Balm affordsuch quick .relief,, and costs but a trifle! For sals by ft. 1L Jor dan Co Prugglsts. ' , , , MAXWELI CHA5IBERSsDAy. Davidson Senior Oratorical Exercises April 12-14 The Programme. , Special to Th C-hserver. 'j - . Davidson, "April 9. Cards of ..Invita tion to the Maxwell Chambers Day- celeb rat Ion, .senior speaking, contain ng . the programme: ! for the .exercise, wefa sent out - this afternoon. . These cards ornamented with the class mote to Aut'V!am tovenlemus Aut Fad. nvusii Invito the guests to be present April 12th. 13th. ahd 14th. The programme, for the occasion ' ts as follows. 1 1 f 11 V Thursday;' April 12th, 8 p. m, Mu sic, invocation, music, m at ions, 3. L. Adams, Ashevllle, "Ambition:" W. T. Bailey. Greenwood, 8. c, "Our Debt to ; the': Medieval Church;" w. E, Black. Davidson, f "An UndemocraUo Poller; . U Cathey, charlotte, "Optimism;":. J. F. Coleman, Soddy, Tenn.. Duty;" J. B. Denton, Dalton, Ga-i "Pure -Food Legislation:" E.J. Erwin, Morjranten, "The Permanence; of Democracy;" T. w. Faison, Char lotto, "A Historic Day;" - A. P. Hes sell, Hickory, 'The World's Debt to the Jewsr 6. U. Hay. Liberty Hill, S. C 'TjitJ Triumph of the Vanquish ed', i t4 Friday, April 13th, 11 a m. Music, invocations, music, orations. E. : W. Henderson, Aiken. S. C, "Tho Spirit of Chivalry;" Henderson Irwin, Char lotto,.. fThe "First Declaration of Inde pendence;" F. L. Jackson, Gastonla, "The Appalachian Forest Reserva tion;" W. D. Johnson, St. Pauls, "Bis marck;"! I P. Kllgore, Newberry, S(. C, "The Price of Success;" Robert King, Summerville, Ga "The Toung Man;" B. R. Lacy, Jr., nalplgh, "Th Influence of, Presbyterlanlsm on Gov ernment;",. J. O. Mann, Barium Springs, "Individual Responsibility.'" W. C. McCotW Hasty, "Th Love Of Distinction;" R. I. McDavid, Wodd ville, 8. C.. "The Old Guard;" 8 o'clock p. m. Music, inovatlon, music, ora tions, D. W. Mclver, Jr., Montgomery Ala.. "The Spirit of the Crusades;" H. W. McKay, May.esville. S. C, "The heritage of Toung Carolinians;" A, A. McLean, Gastonla, "Robert Burns;" Laughlln McNeill Columbia, S. C, "Modern Nations and the Golden Rule;" J. W. Moore, Mct'onnellsvlllo, S. C, "The power of Example." Saturday evening the class will he tendered a formal reception by the faculty of the college. The visiting friends of the young mei, and, more especially, their lady friends will be present as well as a goodly number of other guests. Dr. Graham yesterday using the oc casion as the -Sunday in which the Sabbath School world would be en gaged in tho study of the question of! Sabbath observance spoke on the same topic, taking as his theme, "Jesus Christ, the Lord of the Chris tian and the-Lord of the Sabbath." THIRTEEN CARS DEMOLISHED. Fast Freight No. 72 Wrecked Near Ijextngtoti Two Tramps Have Narrow Escape A Negro Shooting . Scraper- Suecial to The Observer. Lexington, April' 9. Fast freight train No. 72 of the Southern Kail way was wrecked this morning about 5:30 o'clock, two miles north of Lex ington. Thirteen cars were more or less demolished, and the contents of cars, consisting of cotton, lumber and leather, smashed Into a huge heap of plunder. No one was seriously In jured, out two tramps had narrow es capee. They were beating a ride and were thrown about 20 feet The cause of -the wreck Is unknown but it at tributed to- spreading rails or the breaking down of a truck. The train of cars jumped the track in the mid dle, thus all the trainmen escaped. Two wrecking crews worked all this morning and the track was cleared so that the delayed rains could pass about 10 o'clock to-day. Many people went from town to view the wreck, which is reported as spectacular In the extreme. Julius Darr, a farmer, near whose house the wreck occurred, was awakened toy the noise of the crash ing cars. The cars destroyed and the contents ruined will amount to many thousands of dollars In value. Delia Lowe and Alexander Hargrave, both negroes, enlivened the Sabbath yesterday by a fight which ended in Lowe shooting Hargrave In the shoul der with a pistol, hut no serious wound was Inflicted. The negroes fell out over a baseball game. They had a fuss, Lowe becoming so enraged that he re paired home for his "weepun." Re turning, he shot at his adversary sev eral times, one . bullet taking effect. Then Lowe gave the local police a lively chase before he was captured. The series of meetings at the Pres byterian church here, which have been going on for the last week, closed yes terday evening. Rev. A; . L. Rankin, of Greensboro, assisted Rev. Mr. Ley burn In conducting the services. Large crowds attended services each even ing, and considerable Interest was manifested. Rev. Rankin preached ex cellent and effective sermons. Messrs, J. G. Waleer and W. M. Koonts left Saturday night for Flor ida, where they will spend a week on a pleasure trip. Suggestion as to County Commis sioners. : To the Editor of The Observer: Inasmuch as two-thirds of the taxes for building and keeping In repair the roads of the county is paid by the CHlaeha living within the corporate limits of the city of Charlotte and, as there Is considerable dissatisfaction arising-in the minds of tho tax-payers residing in the center of the coun ty exbout the rough conditions of tha macadam roads, never having heen re paired since being built, and as every man, put on the board of commis sioners feels It- to be his duty to cast his Influence for the expending of as much as possible of the fund for roads in that 'part of the county he lives n. would it not- ho ft safe, and fair phut to select a hoard from the city, and get man a unbiased minds,' who would spend tne funds for the best In tercet of the county generally t Tho following lUt would make good board.. Although they are oil very huay, then .they would) represent a great many business professions that pay tha bulk of the taxes: J, 8. My? rr D.A. Tompkins.' M. C. Meyer, John B. Ross and Thomas 8, Franklin. ft Is helleved that this would, be a good solution of tho present situation. Charlotte April 9. "si ? & A '1 Iff ' IX OLDEN TIMES People Wr ftmtent to Take Ttiin i our forefathers ' could behold tho ' modern locomotives, automo bite and electric eara. they would, hold up thtr, hands in astonishment v.Tno - stage , eoacn was tax enougn then people were" more content to take things easy. v . --.They used to be satisfied with any sort of a hair lotion" that came along -4f It did "not prevent - Daldness they thought it' was because ,ai tineas could not too prevsnted. - 1 ? H different ' now. - People - know thai germs cause Baldness and that Newbro's Herplolda kills , the germ, thus curing Dandruff And preventing Baldness, , - ' 'v Sold by leading druggists. Send lOo. in sumos for sample to The kilerplctde Co.,' Detroit Mich. R, H. Jordan 4k to., Bpeciai Agents. , , ,, . REPORT OF THE Southern : States la the State of North Carolina, at tbe j RESOUCES. Leans and discounts?- riverdrarta.'' aAAiirad.Ji. j i. ,...78t.34S.( Banking-house, furniture : and fixtures.. i. .. ..... .... ,. Other real estate owned. 3.600.00 3,500.00 Due from banka- ano ' bankers.. .... 41 4128.67 Checks and Ather-Cash . Items.. ..-' vK.'vf.'i.' S.965.87 ' Lawful money reserve in bank, vis: Gold cwln... .43Wv-- .26S Silver coln..i .;-;Hi " M8WB National basJt'J. notes ' and other U. SJptes 43,7l.0O ' 193.86B.26 Total .. .. .. .... .. ..'..$996,684.61 State of North Carolina, County of Mecklenburg, as: I, W. H. Wood. Treasurer of the above named bank, do solemnly that tha abnva statement is true to the best of my knowledge and belief. Subscribed and sworn, to bettre tne, , Dedicated to Judge Prltchard. Special to The Observer. Ashevllle, April 9. Judge J. C. Prltchard, of the United States Court, has been paid a handsome compliment by the author of Walser's Index-Digest, of the laws of North Carolina, the second edition of which is just issued. The hook is dedicated to the distinguished North Carolina jurist It fills an important place In tho law yer's library. REPORT OF THE CONDITION OF The Merchants and Farmers' National Bank AT CHARLOTTE. In the State Of North Carolina, at the close of business, April 6. 1906. RESOURCES. Loans and discounts $ 9U.438.73 Overdrafts, secured and un secured U. . S. bonds to secure cir culation Premiums on U. 8. bonds.. .. Bonds, securities, etc u.rtifinf. hnua. furniture and 6,470.52 200.000.00 7.626,00 6,000.00 flxturia 20.08g.g Other real eetst owned .. 1,937. 45 fmaiA fsm XI a ilrtnnl Ranks (not reserve agents) 8A0. Due from mate canne una bankers ' 68,389.91 Due from approvea reserve agents Checks and other cash Items .. Notes of other National Banks 82.887.90 10,080.96 3,900.00 Fractional paper currency, nickels, and cents t. awful ninn.v roerve In bank. VIS ses.n Specie 44,400.00 Redemption fund with T. 8. Treasurer (5 per cent, or cir- cutation) 6.104.90 Total .$1,448,639.24 LIABILITIES. Capital stock paid In 1 Surplus fund Undivided prottts, less expenses and taxes paid National Bank notes outstand ing .. Accrued interest reserved Due to other National Ranks I 63.216.77 200,000.00 40,000.00 69,446.11 200,000.00 4.8&5.91 Due to Btate Banks and bankers Due to xust com panies and savings hanks Dividends unpaid .... 45,422.36 58,751.26 68.67 Individual deposits subject to check .. 335,934.39 Demand certificates of deposit 290,646.27 CaHhler's checks out- Htanding.... 600.80 Notes and bills rediscounted... Kills payable.. Total 794,837.22 10,0(10.00 140,000.00 .$1,448,639.24 State of North Carolina, County of Mecklenburg, ss: ... I. Geo. E. Wilson. President of the Hbove-named bank, do solemnly swear tnnt the above statement Is true to tho best of my knowledge and belief. GEO. E. WILSON. President. Subscribed and sworn to before me. ftus 9th day of April, 1906. BAXTER ROSS, Notary Public. Correct-Attest: J. H. M'ADEN, W. H. BELK. Directors. REPORT OF THE CONDITION OF The first National Bank AT CHARLOTTE. In the State of North Carolina, at the close of business, April e, iw. RESOURCES. M Loans and discounts $1,332,600.74 Overdrafts, secured and un secured , .. .. U. B. bonds; to secure circula tion .. .. ..' Premiums on U. S. bonds.. .. Bonds, securities, etc Banking house, furniture and fixtures Due from National Banks (not reserve agents) Due from Suite Banks and hankeVs Due from approved reserve agents ' ("becks and other cash Items., Notes of other National Banks Fractional paper currency, .i,.i,U an A statnta . . . . . 106.36 300,000.00 0,000.00 6,000,00 87,500.00 46.947.16 29,027.78 97.291.68 8,697.57 3,660.00 146.01 Lawful money reserve In bank, vis: Specie Izz.ooo LeirHl-tonder notes .. .. 15,000 87.000.00 Redemption fund With T". 8. Treasurer l per cent oi wir dilation) 16,000.00 Total I LIABILITIES. Capital stock paid in $ Surplus fund .. Undivided proflts, less expenses .....t , . . . a luiM . . . . ,921.867.30 300.000.00 100,000.00 09,657.23 16.000.00 300,000.00 97,731.76 a,92i.89 36.00 509,797.46 0.688.46 419,722.33 . .17 Accrued interest reserved .. .. National Bang notes ouisiana- ing r,.. nthr Natlanal Raaks l S II' ,-' . . Due to State Banks and bang ers Dividends unpaid ., .. .. .. Individual depoalU subject to Demand 'certificates of deposit. Time ceruncavea oi o-itoh,.,. Cashier's Checks outstanding. . Bills payable, Including certifi cates OI oeposu i ror munef borrowed.,.. ., .. ;f ; 40,000.00 Total.. ., iji.4i31Jt7.30 gtnte of North Carolina,' (bounty of BiecKienuurp. wii ... . . i , r, as. v--. u . ... , . - nHDiaU la, WW -WW""! - " ' ..-....". . v...... afataMnant la trum In thahoat of mv knowledge andbellef. ' ! ' n. ai, v .v. . Ln. v.ciiidi . a...Mvlhaa a nA iArn la befnra ma. this th day of April, 1906. FRED NASH, JR, Notary Public Correct-AttesO , . r -nnn uiunutini T. W. WADE, P. M, BROWN. C, A, WILLIAMS. ' ' Directors. A. ; BREACH CO. ' ; Makers of the famous s REACH BALL . I The ball adopted by the . American and Southern Leagues and tnt American Association, Wt ti tha sole distributing agent in this terri tory, carry a complete stock at trade prices and vcanf savr,Uh - retailer money and time , on shiproertts. i SOLTUETlX ILUtDWARE CO, i v,.;',t CharlottO, N-j-CA' Writs for '01 catalogue god pflco Usti C0NPITIOK ,6t Trust Compcny t close of business April 6th, uoc LIABILITIES. Capital stock paid in .. .. 1200, 008.00 Undivided proflts, teas axpenses ... and taxes paid.. .. ., ........... 41,257.14 Due banks and bank-. : ers.... .... .... .... ..itt.732.5t Individual deposits sub- iect to check .. 446,02163 Trust deposits 43.79741 . Time certificates of de- ' . -. posit , 12S.OW.24 Certified checks 342.97 Cashier's checks out- - v standing 1.435.18 71M37.3T Notes and bills redlacounfbd. 6,000.00 Bills payable 35.000.00 Total .' .$996,684.61 swear. w. h. wood. Treasurer. this 9th day of April. 19M. . FRANK F. JONES. Notary Public. Correct Attest; JNO. W. TODD, 11. W. EDDY. T. 8. FRANKLIN. Directors. There is no hope for the man who knowingly persists in acting the fool. . r The hardere It ia to acquire a dollar the harder it is to give it up. REPORT, OF THE CONDITION OF The Cocercial National Bank AT CHARLOTTE. In the 8tate of North Carolina, at the close of business, April 6, 1906. RESOURCES. Loans and discounts .'. $1,346,361.75 Overdrafts , 7,772.38 IT a hkn,la ia awllPA l 1 tt tion 300,000.00 U. 8. bonds to secure U. 8. de- posits j.. .. .. 62)0.00 Bonds, securities, etc .. 8,675.00 Riinlrlno hnni, fllrnltlipa. and fixtures , 4.002.00 Other real estate owned.. ., .. 677.00 Due from National Banks (not reserve agents) 133,888.07 Due from State Banks and bankers 63,431.99 Due from approved reserve ' nrenta 30kl!t.28 Checks and other cash . Item.-. 1JE8.69 Notes of other National Banks 16,6W.W Fractional paper currency, nickels, and cents 970.00 Lawful money reserve In bank, vis: Snecle 847.540.00 l,egal-tender notes ...$10,000.00 67,646.00 Redemption fund with V. S. Treasurer (5 per cent, of cir culation) 10,000.00 Total $1,917,266.16 LIABILITIES. Capital stock paid In $ 200,000.00 175,000.00 212.586.87 300,000.00 Surplus fund Undivided proflts, less expenses and taxes paid National Bank notes outstand ing Due to other National Banks $ 46.151.97 Due to State Banks and bankers 67.208.06 Due to trust com panies and savings banks Due to approved re serve agents! Dividends unpaid Individual deposits 1,010.69 965.90 330.00 subject to check.... 373,139.35 Demand certificates of deposit 467,257.14 Certificated checks .. 831.00 II. 8. deposits 49,955.76 Deposits of tr. 8. dis bursing officers .. 8.839.43 Notes and bills rediscounted . .004.679.29 126.000.00 Total tL917.268.16 State of North Carolina, County of Mecklenburg, ss: I, A. O. Brenlser, Cashier of the above named bank, do aolemny swear that the above statement is true to tha best of my knowledge and belief. A. O. BRENIZER Cashier. Subscribed and aworn to before . me, this 9th day of .April. 1906. C. N. O. BUTT. Notary Public. Correct Attest: R. A. DUNN. W. K. HOLT, R. M. MILLER, JR.. Directors. REPORT OF THE CONDITION OF The Charlotte National Bank AT CHARLOTTE. ' In the State of North Carolina, at the close of business, April 6, 1906. RESOURCES. Loans and discounts $ 806,410.67 Overdrafts, secured and un secured 30,023.27 U. S. bonds to secure circula tion ;.. 126.000.00 IT. 8. bonds to secure U. 8. de posits 15.000.00 Bonds, securities, etc 4.000.00 Banklnar house, furniture, and fixtures 13,800.00 Due from National banks (not reserve agents) ' 67,714.31 Due from State banks and . bankers 66,900.40 Due from approved reserve agents ., 60.8H2.74 Checks and other cash items.. 13.5M.65 Notes of other National banks. 6,000.00 Fractional paper currency, nickels, and cents 297.17 Lawful money reserve In bank, vis: Specie $10,8M.50 Legal-tender notes .. 60,247.00 61,103.50 Redemption fund with . 8. Treasurer (6 per cent of cir culation) 6,250.00 Total LIABILITIES. .$1,265,907.71 .$ 125.000.00 Capital stock paid in Surplus fund 62.0UV.UU Undivided nrnflta. less sinenses and taxes paid 63.138.tt National Bank notes outstand ing 125,000.00 Due to other National Banks $ 25.663 .20 Due to Btate Banks and bankers 48.604.74 Individual deposits subject to check ... 339.863,79 Demand certificates of deposit 248.r23-3$ Certified checks .. .. 6.640.33 Cashier's checks out standing 93.43 I'. 8. deposits.". .... 15.000.60.. 743.671 96 Bonds borrowed 30,000.60 Bills payable, including certifi cates of deposit for money . borrowed , . .... 130.OW.00 interest reserve . .. 6,806. a Total . .......... $l,Sit.907.71 State of North Mecklenburg, a Carolina, County of I. W. H. Twltty, Cashier of the a bo Ve nn med bank, do solemnly swear that the above statement la true to the best ef my knowledge and belief: , -. t ,w W TWITTT. Cashier, Subscribed and sworn to before me. thla 9th day of ' April. Jjos, f c. N. O.. BUTT. Notary PuhUe. ' Correct Attest : ' . CHAS. F. WADSWORTH, JNO. M. SCOTT, R. H. JORDAN, ' j Directors. WATER RENTS DUE This Is The Last Day 20 FEB CENT DISCOUNT-13 DAYS H ' 4 f 1 i lVI . r y Water rente fcre duo and payable at tha offlct of tht Water Department, No., "City HU. April I to 19 in elusive. 5 Offlce open till o'clock on tha 10th. 8av the discount - , caAnWTTB'W'ATKn WORKS -','-Vt Itt IL'WUllamg, jtag. "Supt. A.VIIlDOwTLIl CUT 6': One .never make a tqlataks) in -giving cu$ glass.., "It'.ia always useful and always appreciated We are showing an unusually celectv assortment of styles and designs lit cut glass this week. it not for gift, a handsome , vase or bowl , will be equally ' useful and appreciated ia your home. i " The PalamountEi.i Co. JEWELERS.'.'... SALE OF VALUABLE ULL ITHOP- In the matter of the Damask Manu- ' ' i j 'J facturing Company, bankrupt 1-t By vhtue of an order duly mado and entered In the above entitled "r ' proceeding In bankruptcy, the under- signed Trustees In Bankruptcy of said ' t Dumask Manufacturing Company will , Jfi offer for sale, for eaBh. at public 4 auction at the court house door In Winston, N. C, on Saturday, May 5. 1906, at 10 a. m.. the mill site, the water power, factory building and contents lately belonging to the said . Damask Manufacturing Company, lo ' cated ut Roaring Illver, Wilkes coun ty. North Carolina. . Tli. InnHa barehv offered consist of three tracts one of four and one half (4 1-2) acres, one tract of one hundred and forty (140) acres, and one tract of one hundred and nine teen (119) acres, tying adjacent to the dam and factory building of the eom pany. Tha tMtlMlnani nn this Drooertv con. slst of a brick factory building. 60x176 feet, stanoara construction, one nor? high, a brick store room and an offlca c.it a.at anil two completed tenant houses and six In the course of con struction; also a iony-norse-power boiler, together with supplies and ma- cKrtr, tnnln and bulldlnar ma terial. Also the stock of goods In the company storenouse, consisting or hoes, overalls and sundries and a lot of plug tobacco in the original packages, unbroken, and also one ypewriter. All this property will be offered separately first, and then as a whole. This sale is made subject to confirma tion by the Court or Referee, at a meeting of the creditors to be held at Winston. N. C, Saturday. May 13, 1906, at 10 o'clock. F. H. CHAMBERLAIN. Trustee in Bankruptcy. April 3. 1906. For any further information de sired, address the Trustee at Greens boro, N. C, or his attorney, R. C Strudwlck. Esq.. at same place. L&B. PIAKOS NEW SCALE ' FOUR HUNDRED DOtlAR MODUS TO CLUB MEMBERS AT $287. CASH OR EASY PAYMENTS Nine out of every ten pianos ' are bought on payments gifts to the family many are taken away on acoount of the death of the wage-earner. Join tho club, now forming. 8a ve near ly a hundred and twenty-five dollars and besides In case of death of purchaser we give the family a receipt in fall for balance) due on piano pro vtded contract haa been in force six months and the pay. ments have heen mado ae eordtna- to agreement It costs ms nothina extra to or notning ran so protect your family writs for Booklet No. 9; it's free and will ex plain everything. Over 800 L. A B. Club Pianos sold inside of four months to satisfied customers They are warranted for life time. Ad dress Ludden & Bates S.M.il. St Years in Music SAVANNAH GA. We Have Something to Tell You About Refrigerators When you get ready come in and see us. n ii Stove Dealers and Roofing Contractors. Phone Sid. Ul S. Xryoai It. A HAPPY MAN. V A mana banolness la always in Fi!cCausiand&Co fluenced by the condlUon ot hit wife's r, v? healtlw' When she is in pain he ear. -i rtas worry with him to ,Wtj business." v " Anything that relieve, her suffer t ' tag U ? him with grautudc. . a S .. prominent merchant ..of , Fsrest aty, " NVC wrltesr " I lfeeI it nr duty to write you that tho dreadful poms that have always come to my wife every month have been prevented hv r ;ott a NURALfO-LENE. It o.'!' 1 -nerves end takes away stl r " k NURAL-Q-LLXIS si-r- y t j f ttervea and allows nst'tre t t out'pala. It U iTr.s.f t ! . i no bad . effects. i. o.i if i glsta Free sani' '.4 " r It? lZQt. A :CU., V-c . 5 i 1 , Mm V ' t s j lit ' . ji 1 l it f , i v
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
April 10, 1906, edition 1
9
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