Newspapers / The Charlotte Observer (Charlotte, … / July 23, 1906, edition 1 / Page 2
Part of The Charlotte Observer (Charlotte, 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
. -t CHARLOTTE DAILY OBSERVER, JULY 23,190G. DEFENDS s HIS ICOSIMOTEE SURTOX IUESEKT8 GXUFT. IDE.1 CTtalranan of Uw Klver and Harbor Committee Declare That Approprl--Tlorm I)o Hot Coaue '-I'mfc the , "Pork ftanrl" Clase -N'o Approm-t-' ' alien Bill So' Owe fully Scrutinised '' s Icfct of. the rnwnt ftystem the MnlUitftontUm of Burvej-eTn Kule That Each Prajerl. Must Be . tonidriered t'pon If Merit Carefully J'oUovvcd. , '-.;..," Special ta The Observer. Washington. July I!.--OTalrman Tneodore E. Barton, of the rivers and v harbor commute, hat come to th defense of Congres and particularly , of hU commKtv against the charge .that rtver apd harbor appropriation r are In tha nature of "orlc barrels." In a ttemnt on the eve of hl de. , partur for Europe, which wa .mad fublte her to-day, Mr. Uurton say hat arpropriatlona for this purpose . . kre guarded more rarefully than any .-other made by Congress and that they ahould be much larger than ' they have been In the pasi. anil he ,' endoraea the .work of the National t River and Harbora Uongresa. which '.-, la etrtvlng for annual congressional ' appropriations of I&O.000.000 for river ' end harbor Improvement. .-".Jt "One of the least gratifying fea- - turea having to do with river and . , ""harbor leg lalatlon," said Mr. Uurloo, ,'. "f "la the prevalence of numerous mls ' '- - apprehensions- (Irmly abated In tho .. .'' popular mind and which It seems are 'almost Impossible to dislodge. One la that a division of spoil la made .','. among the member. In brief, the Will lm l.....n mm m vnV Viu m. 1 On , ( Mill IS lul j.w. m. '- . the contrary, no epprojrintlon bill; - la quite so carorouy. acruiiniaen situ V the merit of tho different inojoct r.- ' Ver-ebJecta of appropriation iuiU ao -""V carefully canned. Kor Instance, a public -building bill 1 Introduced con ", T. talnlng appropriations for numeroua vf. publlo building. These buildings, ' - ' moat of which are no doubt very noc , ,.'-.' eaaary, are provided for with or with :'' eut requests for information from the ' , - executive departmente of the govern ' ? ment and without any prior Ut-muml . v from Congress for an examination of '.',,,' the magnitude of the Interests to ba aubeerved or the durability of the ,A " building. "On the contrary, before an appro , prlaUon In made for a river or har ''" bor Improvt-ment there muat be a preliminary examination and a aur ' 'l Vey of the liK-allty, and that, too. In ' yurauanca of an expreas act of t'on , greaa. Aa a rcault, there la a delay naually amounting to not lexa than , ,! two yeara after the project la pre eented to Congreaa for lla conaldera tlon before an appropriation ran be -' ' mede In tha meantime, an engineer . " makea a preliminary examination, go ' Ing over the locality, and reporta In a general way whether or not It la wor- ,"" thy of Improvement. If hla report ta , In tha affirmative that la. worthy; of improvement It goea to a review. , ' ' Ing board of flv englnerra, eel-cted .' ' tinder the act of 10Z. Thin barl. If ; It approvea the favorable tltnllng nf ' , tha engineer In the preliminary xum- i Inatlon, rrporta Ita finding l tho chief , Of onglneera who paaaen uoi the null- I '- Ject The latter then ordi-ra it le- . ' tailed purvey with h l-w to d"tTmln . 'n ,ne 0',, nf ,nB proju-ted Improve- ' ment. The engineer who niakH thla j '''' detailed aurvey alo reports, after hav- Ing Information of the coat, whether tha benefit !o be derived from the i .Improvement are ctnin-nxtirute with .., tba coat, ill report again Koe 10 tha board of review, and nut until ' " they-'approve or disapprove the pro. .'' Ject 1 It In a position to be consld- ered.by Congreai. ,--: "H will be noticed that the en . "" g-lneer In the Tnlled Hlalea army 'n - -' etltute a x-rmannt lxdy of men de pendent upon th government for) --r-thelr aalarlea, and. with Ihw prlt do i corpa which belong to auch a body, they are lea Inlluenced by or de. . pendent upon local favor than civil ' . ofHcera. Urni e It I probablf, by Hi ! , , time such a report is presented ) Congrea. thul uiiM'orlliy projei is will . , . be ellmlnnel. '"'One hlef defect of Mi aytein In the past has been the 'unlimited mul- t IplUatlon f surveys. Ilefore the : 1 board of review win treated In 1!(I2, It til ver much ensler to secure fs ' vorable lei -liiuendHtl'ihs on both pre- , ' llmlnary exiiininniiori and survey . -i ', Thla wa lint tin" s i i:.... b miy ; carelessness n the irt of ih en glneeis aa to th dlffereni stundsrd Of merit M ll It'll lllev olisi I t etl Tlltl ";''.. object sollKbt In Ihe i reulloll "f Hie) board m h s tnott of nil to si i tii e uni formity lis Milliliter lillVO iiImm been' very careful lit r- nittieiiilliia tro Ject. Tnder the bill nf IHo:, In nj list of li older for utitnl mil b n stid , aurvey of rlters mid IiuiIioih pro-. led only to were r iiiiiit iiileil. ' ' L'ntUr tin- Inter bill t.f i:i'.. In list of H urves, only one v.t rumn. 1 ' meiidecl, Hiid Unit in it iii.i i 1 1 1 . l inn n - , ner. I "Itef'tre Ihlt boitrd u re'ile.l, or- 1 ' der for iitet nnd fnv-.t ;(!! iM"t's Wer ser mime roil, slid ;i .1 result a apet lHl feature of the pt- nt -n mi - ' tlltn HAN Milted, IWIOielv. It totltl 'if prnjei li uinb-r 1 oiisltler.it ln '- In V eacess of IIMl .111111 .OHO 11 IK I th.tl. loo. .- With HI) livil.ti' l'lH inlltlll e nl .111 $!0.O0l.l"HI 11 year "Tlie st.tt- o.elll It often tniltle, 'Well, wa only 1 - -1 . - n '111111.' but In Hie management "f tlo kk'hh m greni deal uf rrtone.. In i..(Hire.l In ri-fit-ing demand ft-r tl -ntve be.-nu-,. when "in ii "ii t in ,1 ' . proserin il "lib 11 xi' i' ' portunlt 11 ml ihiii.i ii n ', barraNsinent V mi 1 1 h-i 1 . tha tar of tin- emu inn ! . 1 to making eoneet hIoih, - sdetf w ntember m tew f Uemalldeil 11 11 11 ppi opt I11I Ion for a local s'reHin. II. h received thl np.to. in 1 urn ..f Im ii ll I Ill loll of 1 i.uatd e.ll oiirrs r ti 1 ii ii if M he WOUbl support the bill, otli.i In' OUlll flppOKC 11 It wile i' ir-! v though! lli.it he wn JoklllK, b n It ur ' terward proved thai b wf in em -' . nest.- When this fit it tb'M io(,e, 11 .,' seemed best to dmw the line :nnl be wa told that ho could not b.ive hN , Ihoueuiitl tlollar and must ni,,.i,. 11. tv. bill If h' llesllei tu. The bill - '. ed Without 1 iiiburrassiiii iit, but s mul ? year later the rn. inbt r- of ibe coin- mltlee visited the ltallly mul fouml , 7,'.; : the projeil u deser. Ing one for the ' ,y' rspendl(iir of a ifmlt-ed atnoiiin They therefore Inserted In the neni bill an 1 ' '! apptopriMilon of $2,000 for H I .y ,"' Thla insiain is Utio nf u 1 .uiider- 1 Tn "able number In whbh elin (or up- ' ' ' - . proprlations a a condiUnii of mip-' ' ; port for the bill have been turned ' ; Vvilowa. j V jt''': Tha rule I trenuouly observed I - ":,' that each project shall m t onaldered .iiuik ItM aw. .1. . It.. ' 1 "' ' IIWV IV J IB VII V IS. ! 1 ifUrStl, . danger of a mistake In Ihe Inclusion of an Item that I not altogether wor .thy, but tha danger of error Is cer tainly not greater nor yet as great as J in other branches of public eapundt ..V. tare, n ; ,,-. . ' "There la movement on foot to 1 eecure larger approprtatlona for river .! and harbors, Jt ba been greatly atltnulaied by the National Jtlvera and Harbora Congress, which met at Washington last' January and was , made 'tip of a very repteannlaUve tody of men In which there wera del Cgates from Mates. ' At thlecoti ventton a committee w appointed te promote the object of the rongresa. I trnt that thla will result In more Intelligent Information tipon tha ub t ml t potent movement for (an eroua treatment- of ..national water waya; At the an me time, the great eat are i5at v ba f taken to prevent unworthy acnemea irom .reeita recognition. I think, however, that we can take care of them, ".vv t KITRTOX CIT1ZEX HOXOIIKD.,' Hn l. J. Carpetitc Appoltet Com mlaaloner of Jlamcetowo Kxpoilltn Ma of Tov Wrln Made for W atcr-Worka , ConuxUiatlon Per eoiial ami Mewe otca. Ppeclal to The Obaerver. Newton. July Mlaa Anna Kll- Han ntaviiiinsil number of ner young friend laat evening in honor of Mlaa Joale Uoub and Miaa Annla I,ee Hhuford. The lioapltanio coun try homa of Mr. W. U Kllllan la an Ideal apot for young people to gather for enjoyment, and there la nothing ix Vini. in irlv m .mmt ' nlrasant time to tho gueeta. The nuraery of Mr. K Hit re e bra ted ror is nne iruu. furnlahea refreahmenta for the young folk and. Judging from all previous entertalnmenta. they enjoyed a fine time. Heaido the guest or nonor those present were: Mlnnes llebekah and Winnie Warllck.' May WiU'ema. Linda Khuford and Lilian Mctllll; Ma.srs lleortri. Hhlnn. C. K. Mcln- tosh, it. It. Wllllnms. Donald Wlther- sptton. Will Cochrane, itaroifi Mlchafley und vr. w. it. jsvernan. Mri. V. J. Carpenter and children re spending some tlma at Blowing uneb Ml Katherlne Abernethy has gone to Davla flprlngs, Hlddenlte, for several works outing. Mr It. B. K ik, 1 and Vllsa Iaabel Boat . took a most delightful trip to Ashe county to attend a while with Mr. Knox. Prof and Mra. A. O. Melntoah and children, who have been visiting Mr. M lotosh' nnrent. Cart, and Mr. I-eugh, have gona to TaylorsvlII to visit Mr. Mclntnah'a relative. Mrs. M. R. McCorkle, after apendlnf iln winter In Atlanta, returned home Wednesday. Mr. H. K. Wllllama, of Maiden, was visiting her many friends here this week. Mm. O. J. 8. Hader and children, of Charlotte, are spend ing a few weeks among their many relatives In this county. Miss Julia Danner and Master Locke McCorkle are enjoying the hospitality of rel atives In Staleevllle this week. Mr. P. M. Dolllnger. of Salisbury, was a welcome visitor among hi many friends In Newton this week. Mr. Mary Ixjvo and Mrs. Cnrrle Conley. of Wilmington, are spending the sum mer at the Piedmont. Mrs. Love hus been a regular visitor every summer for about 15 year. Mis Kdlth Arey, of Klmwood. la the guest of Ml Moselle Irollnger. Mr. Carlo Deal and children, of Camden. K. C, are visiting relatives In the county. Rev. W. H. Womble. L. II. Phllllpa, R. M. Warllck and W. A. Fry attended the district Methodist conference at Ktony Point this week. The different Bunday schools of Newton will run a union excursion train to Mortimer next Wednesday, to give the scholar n plcnlr. The big a well a the little folks are on the till Vive about going, and ticket have been sold at a rapid rate. Newton I very much pleased that Governor Olenn shtsubl have thosen her enterprising townsman, Mr. I. J. 'arpenler, aa tine nf (he commis sioner to the Jamestown Kxpoyltlon. He I one of the town's most pro gressive business men and hus A most extensive reoutatluti an the maker of the "Hlack Crow Ktucken." Kach i year see hi mill Increasing In slxe. j bin pay-roll growing lnrger, and the ; rlemunil fiir bis hoMlerv Inrreasinir. ! Yesterday the surveyor wn ot work with hi Instrument laying off the town In order to make a map for tha giiltlunce uf th water-works com mission. Rain In this section la falling every 24 hours, but a a carpenter remarked the other d:iy, "It I n poor man- riilr," being clear In the tiny so as not to Interfere with their work. I.IT1II SPRINGS JIOI KM PARTY. Twenty. Two Young IjiiIIc antt (t'lilifiiH'ii I'.iijn) tug a Novel Mit- Spei Inl to The Observer. North Wllkeshoro, July 21. Thurs dny a Jolly crowd of young people from till place h it tl visitor from sevetnl State went to l.ltlilu Spring, mi the Hrushy Motinlitlns. for 11 two weeks' t'smplng hniise imrty. The bnlles of Ihe pnrty oecupy a cottage which Iih been chtlsleneil Liberty Mall, while tho gentlemen have itn ndjoinlng cottage known ns the Dew ltoi Inn. Having the advantage of the blueing inotintnln nlr nrul the finiioii tnlnrral water, the party of :i hits been ilolng full Jusilce to the Kuo.l cooking of J'te lloneysiicrlo nnd Sinn llmrl. who preside In the k lichen l!eide lentils, walks, mountnin climbiiiK and hunting, a stable full f mi. bile mid driving horse fur nishes 1111 abundance of out-of-door 11 iimseinent and sport. Morton's Or chestra has been chartered for the hoiiM.- iitttv nnd la furnishing delight ful music for the morning and even ing 'inures In tint springs pnvlllon and 'lllill.lt lllenls. Among some of the pleasant events w lib h hiive mnda the. time pass only too mjiiiii) wit n ahlrt waist german g'xen by the young ladle of (he I'll 1 ly. This wit skillfully bd by Mr. K'-iink Ides, of Chitrlolle, with MImh Ituth I'lUon. of North Wllkeaboro. A boifi-bntk t r I t to Poor' Knoh, picnic to 1 lien Addle. Moravian Koll. "Tb I'lebls." mid other point of Interest In the neighborhood nre a few of Ibe pin ns for the coining week. llesbles freiiien( Visitor from North Wilkesboro, the following are tneinbeis of the pnrty Misses lnilse ini.l Kiien Klnley, ituth and Kllxaheth J'il..ii Helen Kobliison. of Norlh Wlllteshoiu, Miirv Slmeninker. of lit hlifffnu. N. J : Kdlth Hbutn. of liavldson; Mars-ntet Motrl. of 'hiiilolt: Hlhyl Hmnot, of A lexundrlii. Vil : Clyde Watson, of Wilson, nnd Mis lllsle, of Alex ntnlr :i, Vtt., chapcrono; MeSsr l'M- ti I Itoblnson. Kdwnrit 'I. anil Wither Klnlev, Henry nnd Wllllnm lilitlr und Walter Jl'irt'n. of North Wllkesboio: Kdwnrtl T. t'llsoi), of stitunioit. Va.: KrHnli M. Itos unit l"bti Mi l loiiiibl. of Charlotte, and ' iititon Htnoot, Jr., of Alexandria, ';i. Tiir. ii.Tii iiKconn. Mr. Clnilra liwrnnii, of Newton. Special to The Obeerver. Newton. July 22. Mra. Klmlrn Lowrnnce ttled at tier home 1n thla place Thursday nt the nge of aft year. Her husband. Mr. Hiram liowrDiice, died About 90 year ago. She leave two daughter, one of whom resides In Pennsylvania.. Robert lllltlibraiMl. of CaUtwtta Special tu Tlie Observer, Newton. Jnly 17 Mr. Robett Hlbltbrand, of herrlU' Tord. died uuito suddenly last Siiturday. He whs taken III with sutnathlng ilk cramp colli? rrlday while on his road home from the store and died the next day, His burial took pluca Sunday at Hopewell. He wee about . 4t years I1.. . ,.. . . . ' , !! lary fitMntihan, or clenclaiuL Correspondence bf Tha Oeserver. Clevelanii July ji,-MW Mary ' flood, man, eed M yeses, passed a wav at the homa of her father, Mr, l. J. Oondman, near this eilaee, at 1 o'elot-k this morn ing. aftersn Ulnesa of Only four da Ms. Hit titlman was a msntW nf ga ilit lake's r.iaatopal ebureh end dla In full cemmuniwa end fellowsblp, Ki. . . , , ,; ''"'.;',, a- 'J'-'".' '';?''".'' ''i ''.''; ' . 'V-'." ,;'.f''!'' A BUILDING AND LOAN IDEAS THE SYSTEM' ritACTlCAI ' 6nK An AtWrese by Capt. B. E. oc!iranei, of Cliarlottc ef ore tlie inini An ''. nual Convention of tlie North Car olina Hulltling and 1oen liCague Thrtr Jieedln- ITIm lplo, -"Monety Makna Money it Well I'sed." Kx. poaiKlcd Tien ftelxloa of Officer The Beet Method of Krpln the Account of, the- InstltaUon e - tiatlicred t-Tom lxng and Intl ' ma to hmxptrkmre. . The address which followa wag de liver by Capt R. .B. Cochrane,, eec retary and treaeurer of the Mechan ics Perpetual Building A Loan Aeao clatlon. of Charlotte, before the third annual convention of the North Car. oltan Building A Loan League, at Wlnston-Balem. Capt Cochrgne'g' to plo was: "Practical Thought 'on Uulldlng A Loan Associations." Building and loan aasoclatlona are of comparatively recent date in thla Htata and confined to a few placea, i ut in the past few year they have up attracted the attention of think Ing men, who have investigated their operations and reatised the benefit of such organisations In tha com munities where they are located, that they have been atimulated to extend a helping hand In building up auch associations, and the good work la rapidly increasing throughout the Slate, and when the principle of these building and loan association are more fully understood, every town in the State able to support one will take advantage of the op portunlty and share in the benefit derived threfrom. There Is a sharp difference between banks and building and loan associ ations the former requires capital, which la owned by a few stockhold ers and alt the profit derived from the business are divided with the few. while the later deals solely and alone with ita own members and the profits - are divided among them selves Its money being loaned en tirely to Its own shareholders thus establishing a community of Interests and furnishing the opportunity of loans on real estate being repaid in periodical installments, extending over a period of over six year and finally resulting In the ownership of tha property. Uanka cannot perforin this function. Havings banks and building and loan aaoclatlons are op erated aomewhat -on parallel lines, however, with this distinction: In the former no one has a voice In Its man agement save the stockholders who own It. while In the building and loan aaaoclatlon every member has a voice in Its management. As to the objects and alms of build ing and loan association, a few prac tical thoughts are suggested. A well-known writer on thla sub ject says. "The primary object of these associations is to enable evecy man to become his own landlord, to purchase a home for himself and faintly, paying Into a Joint concern for u few years but little. If any, more than would otherwise have been ex pended In rents." By Investing the saving of these Individual members a fund la created nnd distributed Into and among the handa that created it. It I evident that many Individuals combining together can make small sums nf money far. more productive than these same auma can bn made separately. When It Is considered that a number of persons save money by the mere procc.is of hoarding and without imiklng one farthing of in terest, t tm t money thus saved Is of no use to imy nm while the saving is In progress, nnd that by the Instru mentality of building and loan asso ciations money is. from i the very commencement, kept- actively em ployed, continually producing and re producing at A wonderful rate of in crcaae. and yet loaned to tbe bor rower on more advantageous terms than by any other kind of loan; the usefulness nf these asoclationa be comes manifest. Irv fuct their T.RAIVINO PRINCIPLE.' Is that money makes money if well used. It Is the aim of these associa tion to enable persons in the humble riinka of life to be owners of real property Instead of mere renter of It. Ily the old system of house-tenancy, the muny pay rent for the benefit I the few; .through the building and loan association, the many combine 'old t her so a to put the renin . their own pockets. Keeping steadily in view the object nnd aim of building nnd loan aaeo- hit Ion a an organised effort to ele nte and Improve the condition of t lie wage-earning classes, there ta no. system of finance better adapted to iin'i't tbe wants nf the people and muko It iHiaalble for all honest Indus try to reap the rewards of Its own rubor. Hetng. mutual .and co-operative Institutions. lending; its funds only to Its own members each member con tributing to the general fund in pro portion to his ablllty-rand the prof it derived from the eonduct of' the business divided to atl alike,, it neceasnrlly followa that there can he no preferred clnasea. ; - With thasa remark 'os In' the ob jects and alms of building and loan iissocliitlons, let us pas' on tu the consideration of their practical work ing. The officers and director should hi. selected with Ifeference to the M'ccIhI fitness of each for the dntlca of bis oftlce. The president should ; be a repre. sentatlva man, capable of command ing respect, ami the vice-president di'iiilil have the same qualifications. Tim secretary and treasurer should, be a book-keeper and conversant' uith iicrtiiint. for the nature of his oiilcn will make him the virtual man Hier of the aSHoflutlon, subject, . of i mirse. to the supervision of the dl i iM'itvi-. I'poo - blm TutOa tha. respiDJl-, Kiblllfy of receiving all fund end disbursing thein, keeping accurately nil the accounts, recording the pro- I'fdlngn of all meeting, keeping a record of alt dcetl of trust and In surance policies, preparing a trial biilnnce every month and at every stated meeting, have all papers so systemlEed that' they can be acted upon without delay and keep the di rectors well Informed aa to the con dition of sfTuirs. Falling to keep the accounts and records accurately would end In non fusion and it would require the serv ices nf nn expert to unravel them. , The board of director will Include the abuvn oftlcers, with nine others, making the entire directory H or less, ms may be determined, who are' the "council of administration." They should be men of experience, willing to sacrifice a part of their time, for the general welfare of the community -anti prompt to attend all meetings and perform all the duties Imposed upon them. ,. Out of the board of director two commit tec ahould be appointed, nne n h an auditing committee to aerv for on year, to check tip the ac count of the secretary and treas urer,' and the other to examine alt real estate, offered fur loan, each com mitten reporting at the stated meeting of the directors- the latter commute acting for on month at a time. .''" ' ' , - '. : ."-:,",' ".'. And tt, might be a good rulo, to adopt, that when a director absent himself from three successive etated. meeting without sufficient., cause, he should be dropped and. hi place fill ed by another.- .' .. ' - ; v, In. all well eegulale huslnesg offi ce, uoh method and. system- ere adopted nd pracllced a . will 'hipt subserve' tho Interests Involved ' and where money I the chief rommodrty handled, , th lmplt method are the best, provided Ihey are "... )ntel llgently carried out' ; t ' -' ' In keeping the account of building and loan aasoclatlona the same rules apply aa in other branches of bual neaa. ' , ' . leblt and credit account exlat In one a well aa the other and as every entry made upon -the book repre sents money, be sure that the record I correct, :, J".,' ... : .- ;- . t " ' Tbe first and moat Important book,. and we might say the book of or iginal entry and Individual ledger combined, I th v Installment book. Thl - book I aranged by aerie and tha nam' of each shareholder In each series la recorded alphabetically and the Installment, fines and . member ship - fee ' are entered opposite the respective name ana the footing of th several aerie at th end -ot each week carried to th rash book, which 1 th second book or the series, and thence carried to the general ledger, which 1 th third book. Thl opera tion I repeated from week to- week until the close of the month, when all the weekly payment are carried forward - to column ruled for that purpose, and at th same time, the installment unpaid and paid In ad vance ahould be noted, and when thla I done, th weekly footing- and tbe total footing must agree. . For the purpose of proving the work a simple rule can be used, via: Multiply the number of week of each series by IS cent, th payment on one share, , and multiply thl amount by th total number of share in each eerie -the reault will be the total that ahould .- be , paid- in each eerie. r. Should . thl reeult not agree with the total footingsadd to th total footings the due unpaid and deduct the dues paid In advance and the result will prove the cor rectness of the month' work, having due regard to withdrawal during the month. . ; , ' The cash book and ledger I used for distributing .the- funds . to their proper accounts, .via: Installment account, Intereat account, flnea ac- oount, transfer,, fee account, release fee account, membership fee account withdrawal account, loan account, expense account, property account. profit and loaa account and wnen stock beglna to mature, a matured stock account these are the leading accounts others may develop In the course of business, such as Individu al account for taxes, etc. In addition to the above, a memo- random book for listing all applica tions for loan In consecutive order, a minute book for recording all meet ings of the dlrectora and a statement book for monthly trial balance, semi annual and annual reports, and loan register, will be found necessary. Having procured all the pooka nec essary and the association being In full working order, money being re ceived In the way of dues. Interest and fines and being disbursed In loans, withdrawals, expense and other ways, the question naturally arises, how can these funds be ac counted for and how shall they ap pear on the ledger, since the funds are derived from many series. As above stated, tho simplest meth od Is the best and this method should apply here. Individuals make a aerlea and the several series make tne as sociation aa a whole and all th series contribute to one general fund and out of this general fund all dis bursement are made, hence all dues, Interest, fines, etc., of the several se ries should go In the aggregate to their respective accounts on the led ger and likewise the loans and other disbursements to b treated in the same manner. Home think that each series should have a separata account this can be done accurately, no doubt but It is cumbersome and unnecessary, ana a much easier way Is suggested above. " ' v Building and loan assoriatlon on the permanent or aerial plan are In some respects like business cencern composed of several member work ing to one common end ana contrib uting alike to the profit and losses. All installments. Interest, etc, going Into their respective account with out reference to what aerlea they came from find all loan made. from any funds on hand by the same rule. Any other method wrouid at once de stroy the mutuality of ' the organisa tion multiply bookkeeping confuse the accounts running each erle as an Individual association under the same charter and subversive of the principle of the permanent plan of building associations. - But some may aak: How are you to know the amount belonging to the respective aeries, and what profits belong to each?- That la easily an swered. In the first place, th Install ment book not only shows what each shareholder Is entitled to and the value of each aerlea In the aggregate, and in the scond place, when the book are closed at the end of each term or. year and the net profits as certained, the pr ante. ere distributed In proportion to. the amount con tributed by each aeries, share and share alike, for the average time of Investment THE I)I8TKIBtTTION OF PROFIT8 naturally follow in thl connection: The auditor of public accounts of the Btnte of Illinois says: "Much ha been said and -written by welMn formed hulldingi and loan authorities upon the subject of profit distribution In these Institution and-a wld-difference of opinion obtain a to .th equity and legality of the various rule and method employed. Until the court pa upon it directly, it must remain a mooted' oueetloa. In a general way Jt may be said that, the partnership! rule, by which the aasoclatlon's entire surplus (or profit) Is recast at each distribution, works satisfactorily in. oaw of a aerial association." i is ,' .; ', This rule la a folloWi, : vlx: Multi ply each serbis'i Investment . (due counted . jrullypaiai Iy tne- avrrngs i time. Invested. Add. tesulUi forTTod-4 uct of result. Multiply eacn result by the total gain since organisation, and divide in each ease by product of results. The quotient will be each series' gain. Divide each aerie gain by the number of share In . that ourles to find th gain per' ahare. Another rule, similar to thl and producing approximately the same results with some Isa work be prov en equally satisfactory, Via: Multiply the number of aharea lit each aerlea by the due paid oh each share (dues counted full paid), add result' for sum of result multiply the results by the averager time Invested, . and add result for lum of result or equalised capita)- dlvld net gain by sunt of result 'or equalised capital for percentage ot profit multiply re suit by percentage of profit for profit of each series . nine organisation add remilts for -total-result di vide result hv the- number of share In each series the result WW b th gain n-eaeh share. , (Note The sum of result of 'due paid with advance payments added, and Installment unpaid will prove the installment account on ihe ledger and likewise the sum of result of profit with unpaid Interest and tine will prove the profit and Ion account oil th tedger.)."'.. .- r,..,-. ' The above remark are , suggested by ntany yeara of Intlmat work and are thrown out -with th hone that they will be of interest to -all pres. ent and beneficial to those .who ar engaged, In .th management of build ing end loan association. . - ' While I do not claim , originality for all the Idea suggested, nor that the system outlined la perfect, tt has poven eatlafactory, in my experience W . will gtv you a. tekag of PUdmont Cigarette for 10. PUdmont coupon, c. R. Mayer A Co. mt . , -..... . ' , I t ....'. '.'f ' 'w,-j' . . - - . . . BOPEv tiEUOLUiG t:LnTgGniiB;: SAGO ADD PET TEE G AC II I HE SHOPS J Invite the ; attention of COTTON MANUFACTURERS . to their latest pat- 1 'fern card. The; greatest ' amount' of work and highest: standard of - quality at the' lowest , cost, of production' Send for' Catalogue,-" 'Largest" Builders of ;Cards I nV the :Couniry : DRAWING FRAMES ROVING FRAMES ' . v it . .. ..... ..j. .. ... il ... v. n, r'' , . ' f ; t. A . H . . W A S T Maurer3 T '- Rat-and Roach-Paste attract the venela by U odor; they eat it sod ttl trtstaotl. Ma i' a ek'h in err rownm is sarc drain to bedbugs, eats, fleas, aaolHa. - (sold onlTln b4ilrs .' At all dronta' or One 8-foot Plate Glass Floor Show Case, Mir ror back. Immediate de livery. Can be seen at our store. ibaldi & Let Us Serve You For All Purposes sell the Best Coal that ' ;money.; can buy, and, know we can give satisfaction, no mat ter what vour fuel' re quirements may. ba C . ' Steam, ;Pomtttic, ; Blacksmith: Coals' Standard Ice and Fuel Co CI1A1U.0TTC, ft C. I HPKCUli U)W RATEH VIA SOUTH- KRN RAILWAY. '. aoo-Chsrolte to Washington, D. C. . and return, on aooount Negro Young . People Christian and Education Con gress, Tickets on sale July 27th, SAth . end tlet, final limit August 8th, MM, and may be extended until Sept. nth. 14, br depositing with Joint agent at -'Washington, li. C, and paying a fa llji-trtiarjotte to Ashevllle, N. C.. end '. return, on acrmini annual ui -'-' tlon Commercial Iji w tgu ef . America. Tickets on sal July th. 2th and 10th, with final limit August ' tth, and may be extended until ttvpt. ,0th. UKXk by depositing , With Joint r, agent at Ashevllle, N., C,, an4 pay '.'Ing fee of Me.'. ' ' '- tW.fio-Charlolt to Mlnneapolla Mlnh and return, on account National Kn rempment Grand Army Republic, J'lcket on sale August 10th, 11th and ZtlV nnal limit August list, and may e extended until Sept. Wtk, IMt, by depositing with Joint sgent - st ' Minneapolis, and paying a fee of Mo. Approximately low rates from other polnta Kor further Information call pn any tnt Southern Railway, or writ, W, H . T A tl ft, . P. A.. - . , : , . Washington, D.JC. , . " , : 1 H. U VERNON. T. f. A.. - - , Charlotte, N. C BjjeAMl'MtOTrNORTH 'CARfV. i.lNA B'f ATBOuARD AT . MORs HKAU CITY, N. C The Atlantic end North Csrollna Rati, road, la order to furnish every facility for th general public to visit, Morehead City during the encampment! heve ae thorlaed the following exceedingly . low rates to Morehead City and return on account of that occasion! - - Uoldshoro, 13.00! Bests, fl.fitj Iarand, tl.Su; Kalllnf Creek. 1.W; Klnton. Jl.jWj Caswell. ILM; Dover, l.40j Cove, l.i Tuscsrora, fl it: Newbern,. Il loj River dale. tl.W: Crontsn. oc,j jUvelm-k. 7op. Newport,' 4&0.J Wlldwood, toe. Maneflrld. Ticket W be sold July th' td August Jml, Inclusive, and August loth t, August UHh. Inrliisiv,' limited to two Vi) dtivs in t1ttltlon to day of sale. - . The regular trains will slop 'at th eacsmpmant. grounds tn both direction to take en and let eff neaeenser,. Hhort train ecrvke will be Inaugurated during the encampment between Moraheatl city end the 'encampment grounds, train te be ruo-sbouC every hour. Tit fere b, tween enr-ampmetit ground and More head .City, up-town station. Atlsnile Iti.ial snd Plar Nn, 1, wl b rant. Fare between enrnmitment ground eit't laufrrl will ha It cent straight, or Ji cnu for the round trip. . For Sale! Gar SPINNING FRAMES , . .-! .j . i .-s.ASPnnt jr.. :..:, -.- 111 wvbnu .raiaa iikLl. r' : . .-', .. ''i I'ii- '... , ' .... j, i H B U R N, s o u T h CHARLOTTE, NO RTil CAROLINA Railroads'. s-'v . -Tt. , i, m mmmmm , g m ' 5 l t---. t'"''-' Ji.:i;- -v . .Li .. ' '' Direct line ta th nrtnrtp&l ettlae Jfortti. East. 0out and Boetbireat. Schedule taking effect If ay 7. UOt, subjeet to cbeag without aotloe, ; . .- , ; . Ticket for passage on all train are sold by , thl company and aecepted by th eessenger with th aadersteadlng that this company will not be responsible for failure to re It train ea. schedule time, or for any such delay a' may be tanldent to their operation. Care I x erclaad to gtr eorreet tlrae ef eenaeetlng Jinea, but thla eempeny la not reseonalal or error or emlssieaa, . . Train leave Charlotte a follow:, No. 4. dally, at l:M a. m. for Menyee, Rarnlet and Wilmington wltheet change, connecting at Monroe with a fer Atlanta, Birmingham, and the Soathweet, with No. U at Monroe for local points-to At laata. At Hamlet with tt for Kalelgh, rortraouth, Norfolk and ateemer for Washington, Baltimore. New Tork. Boe tcn. and Prorldenee. With W at Hamlet for Raleigh, Rlchmand. Washington, New Tort end the East.. With tl at Hamlet for Columbia,' Barannah, aeksoariUe, and all florid points. - ..- No. in, dally, at !0:U a. ta. for tin. eolnton. Sheloy and Rutharfordtoa with, ent change, connecting at Llncolntoa with a A N. W. No. 10 for Hickory. L nolr, and Weatarn North Carolina potata No. , dally, 4:45 p, tn.' for XJneolnton, Bhetby. Rutherferdton and all local sta tions, connecting at Llncolntoa with C At N. W. for Newton, Hlekory, laolf and all local potnta . : No. 44, dally. I p. an. for Won roe. Ram. lei. Maztoa, Lorn barton. Wllaalngtoa aad all local stations. Ne. 1St daHy, T:l p. m. for Monroe, eonneetlng with t for Atlanta, Birming ham and th Southwest, at Hamlet with 4S for Columbia, Savannah. Jacksonville and Florida potnta. with U at Hamlet for Richmond,' Washington snd - New York, snd the feast with St at Hamlet for Raleigh, Portsmouth and Norfolk. Through sleeper on this train from Char lotte, N. C, to Porta mouth, Va daily. Trains arrtr ta Charlotte aa follow: -' No. 1st a. m., dally, from point North and South. .. , . No." 44. daTty, 10:18 a. m. from Kutherl ford ton. Shelby, trumberton aad all C A K. W. potata.-""---! r- No. 4B. deny, H:W a; m. from Wtlmtnr ten. tiumberten, Msxten, .Hamlet, Men tee and all local potnta, - , No. Ut TS p. m.. " daily.' from Rather, fnrdton, Shelby. IJneolnton aad CAN. W. Railway polnta, ...,.- No. , i:9 p. dally, from Wilming ton, Hamlet and Monroe, also from polnta Eaet, North end Sowthwest, con eating at Hsmlet-and Monree. Cennectton r made at Hamtet with all through train for - point North, aVnth and Soethweet, which are composed- ef eastlbtil day eoaehe between Portsmouth and Atlanta, and Weehtng ten and Jacksonville, and elaeplng car betwaen Jersey, City, Blrmlnghsm and Memphis, and Jersey City jud Jackson lira.. Cafe cars ea lt through train. - For Information, tlme-tabl, reeerva fJons, or Seaboard descriptive literature apply to ticket s gents or eddres, EDWARD F. COST, tnd Vi P.. Portameuth, Va, ; JAMES 1CER. JR.. C P. A., - Charlotte. K C - .'.', 42. H, OATTIS. T. P. Am HDi A . 4T He Ralatsh. N. C CXlAaV a RTAN. tf. P. A., i .. Portsmouth, Vs. Throulh Train OaiIy,CharlotU ,to KoanoKe. Va. " ' tl..iii. 1a. .iiMit m Liim. '''1 v Reoky Meant, Lv lousj am it Koaaohe, . w...)..Xv I .at am Liaiiy r ". Connect l Roanoke via Sheaandoah Valley Kout for Natural BrMgs, Luray, Heaerslown, and all polnta In Pennayl venta and - New . York PuUmaA aleepef Roanoke ana rniiaaeipnia. Through eoech. Charlotte, aad Reenoka " AdaiUonsi Infotraetloe from aaai Boutbera KailW. M. P? BRACK. w"" " , Trav, Pass. Agent IT. at BEVTLt OaJ, Pass. AgeuU Summer excursion and week-end rater via Seaboard Air Une. Season UW. , ., , , j , i . . ,, ,. j y .Th Seaboard wilt aell fallowing gum mar excursion tickets limited to Oct list and week-end ticket limited te Mon day following date sale with exceptions noted. WUmln toe Week-end ticket en eel Friday afternoon -. train and ail trains Saturdays, good tn return. To., day, Inclusive; Blowing Rock Tuesday following,. Ineluely. V' "tA . : ' Rate not named below can be had s- on application. ' ; ' Wright vine Beach and , return, aura. mer excursion, .1.A ' Wilmington and return. Week-ead, B.A. Mount Holly, weak-and, to. . . Dnoolntoa end return, summer' excur sion. Il.lli week-end. l.a, .... fctheiby and return., summer excursion. U.7- week-end, 1.7. . . Rutherfordion and return summer g. aureton, M-W, week-end. tt lt Hickory end euwmer exoorslon. UM: week-end. W ia ' , ., " Cliff " return, week-end. .. V Lenoir and return, summer excursion. 140' week-end, W.M." . .. ' Hiowlntr Re and xf-titnmw ex. curslon. V"l wsek-endw.ao.. Virginia iaol " "elurn, summer ex. 0Uori4OnFe?"t rXx H return, .iimmer ciirlon, ltt5. ., .. , - Ccea ViJ w, nd return, ummp Y-'r'furlher Irtformstlnn eall on or a 4. Are auy agent Baaltoad or th follow. W,:. ' '- ' - ' "' t S. WEBB.' ' T. P. A, .Hallgh. N. C. U' faiwav " ' - ' ' ' - ' ' ajl.OO am Lv Charlotte, Be. RyArt etpn tai ens Ar wiaeton. So. Ry. Lv I K pi M pm Lv Wine ton, N. 4k W. A l:0 pn uocin Lv Martlnevllle, , Lt U:4t aaj ; 1. 1.. 4 .. - fog 1 aniv dffi c , ; e r n " r a c e n t. ' m r' 4 ' "-- Railroads. w-l' Southern Railway ; N. B.-Pollowlng achedul figure pub-1 ' Mahed only as Information, and ar notv guaranteed.''. . ..1. j. ... . e ' -ey.- ''" l:M a m. Ne. t. dally, for Richmond and local points; oonnect at Oreensboro, . for Winston-Salem, Raleigh, Ooldaboro, ' -, Newbtrn snd Morehead . City t at ,Lant ' vUle for Norfolk. V i :f a. m. Ne, XI. daily, fer Roek Hill. , Cheater, Columbia and local stations. '. . t:W a m. No. It dally except Sunday, for Stateevlll. TaylersvUle, and local ' . potnta; connects at Moreevlile for Wins- ; ton-Salera and at StatesvlUe for Hickory. - . ' Lenoir, Blowing Rock, AahevlUe and oth er point weet - ';"J--- ; 7:il a. m. No. tt, dally. New York and ,' Atlanta ISxpreee. Pullmaa aleeper to ' Columbus Ja., aad day eeachee te At- -;,' lanta. Close ceaneotlon at Spartanburg for Hendersonvlll and Ashevllle. M a. ni. Ne. tt, dally. New York and , -Florida Express, for Rock Hill. Chester, Waynesboro, Columbia. Savannah, Jack- ' eonvlll. Dining ear service .y, :S a m. No. W, daUy. U. S. Fast Matt ; fer Washington and . all t points North. ..' Pullman drawing room, and aleeper to New York and Richmond; day coaches , New Orleans ta Washington. Dining car -v wervlce. Connects at Oreensboro for Wlnatoa-Saiam, Raleigh and Ooldsbero. ; : a. m. No. 17, dally. Washington ; and Southwestern Limited. Pullman ' drawing room sleepers. New York to New Orleans and aitrmlngham. Pullmaa oh- . , aerx-atlon ear New York te Maeon. Din Ing car aervlce. Solid Pullman train, ' , 10:0f a. tn. No. SO. Washington and STort. 1 da Limited. Pullman drawing room " sleepers to New York; first elass eoach -' to Washington. Dining ear aervlce. 11:00 a m. No. tt, dally, for DavtdaoiT, Mooreivllle Barber Junction, Cooleemee, , Mocksvllle. Wlneten-Salem and Roanoke, Va., and loeal point. . lt p. m. N. It dally, for Atlanta aad local atatlons; eonnot at Bpartan burg for Hendereonvllle and Aahertlle.. - ,' 7:00 p. tn. No. It dally, for RirhsaonO ; , and local etationas connect at Oreen. boro for Raleigh aad Ooldsbore Pullman sleeper. Oreensboro te Raleigh. Chars v lotte to Norfolk and Charlotte to Rich- .... xnond. t , : p. m. No. H. dally except Sunday, f freight and paasengar to Cheater, B. C aad local polnta ' ' ' 7 ill p. m. No. M. daily except Sunday, fer TaylorsvlII and local stations, eon- ; ncnts at Statesville for Ashevllle, Knox- . vUle Cnattaaoogo and Memphis. . , 1:18 p. m. No. St daily. Washington ; nd Southwestern Limited, for Wash- ing ton and all points North. Pullman ' sleepers and Pullman observation ear ''-'. to New Tork. Dining ear service. 'Solid .' Pn'lmaa train. ..... .. .. ' 10: p. m. No. H dally. New York; and Florida Express, for Washington and Points North. Pullman sleeners from ' Jacksonville and Augusta to New York. -First class dsy coach, Jacksonville to Washington. : p. m. No. , dsllv. Washington and " Florida Umlted, fer Columbia. Anetie'n. Charleston. Bsvannah and Jacksonville. Pullman drawln room eleenlng rar to Jacksonville. First else day coaches Waehlagtnn to JncWonvllle. . 11:06 p. m. Nd. 40. dsllv. for Washington ,'-,, end nolnts Nerth. Pullmsn sleeper to '. Washington. First clsaa day coach At- -' lants to Washington. 1C SS n. m. No. C dally, United State ' Ft Malt, fur Atlanta' and point South . ' end Southwest. Pullman drswlng room '. teeper to New Origan and Birming ham. Day coaches. Washington to Nw.,", Or'isns. Joining car servtoe. Tlrket, eleeplne ear reservation, and detailed Inforrrstlon can be obtained at City Ticket Office. No. It South Tryon . treet. H. B. Spacer. O. M.; B. H. Hardwlclc, . ' P. T. M : W. H. Tayloe, O. P. A.) K. L. Vernon, T. P. A- t r, WEEK-END RATES TO MOUNTAIN RKHORTS VIA BOUTKERN RAIL.' - WAY. - V The ,'ollowlng week-end rates will ap !' ply from Charlott, N. C. to point .( named. ' " ."' AHeviUe. N.. C. ,... . Black Mountain, N. C. K - Round Knob, NY, C...... 4 01 Msrlon, N. C .;.. MorgVnton. N. C. ...1.81.; ; Connelly Springs. N. G. tM :. Hickory. .N.- C.. tU Tryon, S. C ......... ' EM j. Hendersonvlll. N. C. 4.U Brevard. N. C...... ' ' Lake Toxaway, N. C .v Hot Spring. N. C U , , ftlacksuurg, H. ..,........ J-a :,' Bhelby. NT C........ - .;.! ' ; Rutherfordion, N. G I High Shoals. N. C..., I o V 1 tnwtlnton. N.: C... 1 ' ' -iiff. ti. C tn J..l. M C... -. ' tl jokonHrlnMiN;,f:L,,ii":;r":" " I?J Ta vlura, . "ur-lior-ton-aieaee-" Wtrloo 1 & 6..., .;' Taylorevllle,' N. C. , Whltestone. S. C I. 1 - Thete ticket on sol for all train ; Saturday and forenoon tralna - Sunday, coed to return the following Montiay. except tickets to Tsyktrs. Waterloo and Wtilteetnde are good to return th el- , 1 VERN0N.T 'riAi M - , , Chrlott, N. X .'' .W. H. TAYLOE, p. P. A... .. v ' a X .PBCLtL ; BATM VIA -SEABOARD ',.. Jmin mmUIlm JVAtMnl, '. - . t,' '. Toronto, Cn.-Metlf Odd rellow. . date of sale, rates and conditions, to ' be anonunced later, ; ., . ,'''., Vtontesgl. Tenn. Woman' Congress," . July Hh-Augut Hh, ens flrat-clas . tat Plus Stopfer round trie. Monteagle, Tenn. Monteagle Bible Train." . Ing.ilchoel. July th-Augut let on ' .'' far plu . round trip. , - ; Monteagle,' Tenn-Monlesgle Sunday "School Institute. July ISth-August U, on far Plu . round trio, ; Nashville. Tenn.-Flsk University Bum. ;' ' " mer School. July fnd-August Ird. on '; flrst-elss far round trip. Lexington. Ky-Ntonal Grand Lodg 1 ' I'nlted Brothers of Friendship and "V filatera or te Mrtrtou Ten. July ,"' . pith-August Ird, on firet-claaa fare '.' plus ttc round trip. , . Milwaukee, Wla.-Orand. Asrle, Fraternal . . Order ot Kaglear August Hth-lSth. on flrt-la, lr plu Coo round Naa'h'v'iile. T en n-Pes body CoJIeg turn ' " '. snr Hchool for leschers, Vanderkllt' IUhllcel Institute. June llth-Augii-i loih, one Brsl-clas. far plu See, "' round trio. . .. " . ' ? For deufletl thrormsnon ss to ratet. lea. date pt sal, limits. to., n,I imr llckst axant. or ihe nn.i... ohetiuie. v .rgnV ; C. H. OATTI5I, - ; dress , , , ... . ., . Traveling rener 'Agonf, CER. JR.. OT p. a,. jane It ttoft. nesmngivn, v,-:, ' i f,' J
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
July 23, 1906, edition 1
2
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75