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CHARLOTTE DAILY OBSERVER, JULY 29, 1X)6. II OUB TBADK IN THE OBIENT EOUTH ,NO GETTING JTS SHARE Cotton Biiftlnem, BoUi in tins Matter of the Kaw Material Mid the Fln ' IhIuhI Product. Not What It Ought to I The InlUxl Htatrs Govcm ' ment Not Doing What It Should ' Toward Helping to 'Build Up the : Trad Competition With Great ' Britain Keener Than' It Haa Ever " Been Cotton Grower Must Come ; to-'IlecoRnlae the Changed Condi -r tlona of the Trade Some Pertinent facta Concerning the (status of the Oriental Markets. ;' . " . . C nv a. j irirNnnrnr - : ar j... .V r -, - ". ,r ; i - ... .- V .: ."."V"t; v; : , : i Tr"-" trad of Japan and a consequont in creased demand - tor raw .material. . WHAT QIIEAT BRITAIN IS DOING, Another Important fact In thil con nection la' this; The British govern ment, realising the Importance of the cotton question in the Orient,' new has a man on the ground whose sole busi ness It la to watch the cotton' busi ness In Japan and China,' to do every thing In hla power to foster the Inter ests of the eotton growers of India and Egypt, la the business of which countries Great . Britain Is naturally Interested; to keep In constant touch with the manufacturers of this Quar ter of the world in snort, to see thai the cotton growers of the : countries In which ' England Is Interested get every dollar of business possible. . And from what one can gather front our- consular - representative! here, "thlw particular line of work on the part of the British government Is already beginning to bear fruit Na- FIRST LETTER. (Copyright. 1906, by A. J. Kendrlck.) Correspondence of The Observer, v Yokohama, - June tl.-r-There . are ; connection -with the question of, the j wilJ tA V".M i .fA exDanslon of American trade In the! na MmPt to build up the cotton ; "Pension pi American irauo in ,miw 1 -nwin tnriuatrv in Wnrn la aat ..;'a.Vi. Importance ' In this connection. This ting her ah.Vot tradm the Orient. fJ'J oVld'.'m.rk.t:'' W-T Xt is' cVaTmVd that the condition. h -,i.i0 ii f climate, soil and moisture In eer- r.Z: .r -.11 WcUons of Korea Are such that resented and jbetng vigorously pu.hed 1 ow ' (,on 5?"? ...-5,iT- . a as can be grown In the united States. " rT" "V'Tu This may or may not be true, but . nuTactrT. not alive to ?h. tVade' m possibilities that exist In this quar- . ir -r.iT. 13 ter of the world- and be is not push- "6W. J,ro.?'eMin K?Fe 'th r?' liu for trkAm as h. oue-ht to. and as uw 01 interest. present ine I hTmust sooner or late?, tf hi desires J00" "EES SSL1!" , to secure the share of business tnat 1 IS,' .u. :. "Y -"V - vm.;- h..n. 4h-' material to the mills of the Orient. . . ' . I RrrtAr ho at fh rottnn Bnln. unuea Btates, ootn in me -mauer 01 Z -i ' ".K"- VuZ ZX-V Is not, tn the Orient, what It ought tfi .J?""" .Th .1!. . f be. and as it could be made. If the fSffL.?' ii,fl m?ie,i seed. The difference Is startling, to say the least, and It gives a hint of what may be expected of .Korea In the future. ,A ... All these, things, and others, which will be noted later on. give one an Idea of the cotton situation over here proper methods were pursued. -. Fourth: The United State govern- ; ment Is not doing all that it should do in helping to build up American trade In the Orient. In somSvespects : In vthis It Is far behind the govern- t ments of Great Britain And Germany -sustained If one makes a careful In- I : veatlgaUon of the facts. A COTTON MISSIONARY NEEDED. - Some time, ago, the writer had a Second: It has become clear from somewhat lengthy interview with the Investigation already made that - President James J. mil. 01 tne ureal 1 if the American cotton rrowlnr in r Northern Railway, on the question pf terests are to hold their own in the American . trade in the Orient Mr. Orient and Increase their trade to Hill has made a thorough study or tne the proportions that It ought to at question 01 this matter, naturally, so, tain, they should have a man over owning M he does., rail and ocean here, who should be constantly on lines which do a large business In the ground as a sort of missionary t carrying mercnanaise ana raw coi- for the cotton Interests of the South, toe to Japan and China. In the and who should be In constant touch course of this Interview, Mr. Hill with the cotton manufacturers in the . strongly asserted that the manufac- great textile .centers of Japan, at all inrers 01 ine unuea msies aia not times prepared to advance the inter- ; appreciate the opportunities for trade eats of American cotton and adjust any ins cxniea in mo uram na mat pi tne ainrerences tnat are constantly ' therwere allowing the producers, of arising between the seller and the .other nations to outstrip them. Speak- buyer. This subject will be discussed Ing of the cotton Interests of the more at length later on; It Is enough Boutn. ne declared mat tne same state for the present that the arewlns- com , off-affairs existed and that the men petition and the other new elements who nwero interested In the .growing 1 that are entering Into the situation ana -marketing 01 tne wnite staple over here and make such a course ex should make a study of the oondltlons tremely advisable; and that further, it which exist In this quarter of the s advocated by the highest American globe, with a view to increasing their consulate authority In Japan and by business , with Japan and China importers who have made a study of wnicn couia ana ougnt 10 oe, ne saia, the cotton trade brought about. These points are simply brought out :ne writer, wno arrived in tne on- here In order to give the readers ni some aays ago. nas maae a stuay general idea of the. situation. of trade conditions here, and It Is not Third: There are certain matters too much to say that not' only are I which are ' causing friction ' between president . Hill's ' assertions ' amply the . so nnera of the Orient and th borne out "but that strongly as he American seller of raw cotton, which put the ease, the more one studies lean be remedied, and the adluatment tne question at snort range me more ox tnese difficulties would build up - one reanses now Tnucn me oianu- our iraae in me wnite staple. Tnese facturfng and producing Interests of matters also have a direct bearing the united States are "failing- down" on American manufacturers rn xen in th matte of Oriental trade. eral, and will be treated of in another InXUaMrig this ".investigation, the letter. So far ss cotton Is concerned wnter najf interviewed Japanese man- ine 'question of priee-is one that en nfactnrert and users of raw material, ters very largely Into a discussion of American importers ' and exporters the matter. At the present price or the American staple, the Oriental manufacturer Is using a great deal more of the Indian, Egyptian and Chinese article than he otherwise would. There are ways In which this who do business ltv Japan and China, the American consular represeinta ttvea, as well as others who were In a position to throw light on the prob lem Take the matter of cotton. The handicap upon the sale of American ..raw material, of course, forms the cotton here can be largely overcome, most Important Item of American raw and these will be detailed In a sub material exports to the Orient; and sequent article on the question of cotton fabrics the some oeicehat. prtvotpt eh ' areat ' struze-te Is now. as It hak been . for years,,; with Great Britain ana 1 -, h. , ,n -.M 1 .i v.. lair " " - keener thA ever. The coMon que.- The 0r,eBUf market , pr,ctlcay . T . o .il on'y market In the world open to on y of grea Interest to the South. the American manufacturer, so far as v y-wy, - -- reat future development la concern- Uon ' ed. ' He has so far merely scratched as to ihb cotton TRADES. upon the surface as It were - Thaae farta iiava hapntna anna rant I The more one studies the Question as a result of the writer's Inveattga- ' developing American markets In tlon Into present existing condlUons: tn Orient the more one becomes . First: The oondltlons of the raw Impressed with the vastness, with the cotton trade and the trade In finished I posainiuues of the subject. cotton fabrics -particularly the for- That Is to say, when one -studies It mer are changing greatly from what clo range In the very atmoe- they have been In the past and i"1' " minus, so 10 speaic. American cotton a-rowara must raooar. I A great aeai of theorising and soeo nla. k. If thM -flah In mm th.U I UlStlOH On this Subject haa bflflfl don hare of the Oriental business. At ln h" United States, ahd there seems the present time the South Is not 1 5 . " awa.nening on the subject 'securing the share she Is entitled to, Pnt only when one lands on the The factors that are bringing about V"" """"i wun ine superaDun- these changes are several. .One Is the nen one isiks wun marwalnna Inrraaaa In tha MMimn. the merchants In the Orient. With the .tlon of cotton fabrics by the people J?bbr.rj,w,u5 th manufacturers, with of me orient one can appreciate pu r represenia- what.thls Increase hss been When-ho .wKh Ajperlcans who are living is told that In Utt, the year after "n ana japan ana wno Keep in the first cotton mill was started In ?"chiw,tn. trnd of. affairs in the Japan, the total number of spindles "V. . ""i1 no, Knowing me possi ui.i iii- n itoR th into 1 num. bllittes of, the 'United States as 1 per of spindles used In the forty- manufacturing nation, realise thatshe nine mills .In the manufacturing dls- "wl 4V,n'v",s. er opponuni trlcts of Japan was 1,426,611 to say !'. tnat Bot .sretOn nearly nothing 0 the Increase In China. And ,mrw,ium: """" Bl' lnl rlwht Kara II na ha aall thai Ik, n. UUWIDI .Ureal ' IlSltam ana ton mill Interests of Janan are levins- 0ermny to malnUIn and Increase a nian k whirh within tH.'' nt I foothold where she ought to be su orthre years, this spindle capacity ft?"?:1 0",,y Pursuing these will be increased 15 per cent, which. " A ..n.u . .......a.i.. ground that one can realise the Im- crease In the. demand for raw mate- ihl" top,. ,fnd whtt rlal.t A was remarked by Secretary 6 V,.7?uf hk PP':atlon and grasp Shoji, secretary and actlv manager f -f!!? business, opportunities In of the japan cotton Spinner- Asso- ; ZViii.l -i .S t, .Vi elation: Tho advance of civilisation f.utur nd weKar ot h United In any Oriental country Is pretty well .hi. tt w Indicted , by the growth of the cot- , Apropos of this, let tlje writer quote tortrVualness. As people become tnoro fron? aB Interview which he had with -lamu..a .w- Jl an American who has been for nnariv -r clothes. . r " twenty years doing business In the .Jt. - importer of. goods made in the unit .we are toia mat m - early tlmea ed states, la in a nasitinn . : -1 bi . t a 1 . I ... ' . man iuiiuhi wn (is-ieav-a IOr pur- 1 wim denniteneas and clearness upon noses of attire. We can't do it now. the subject of . American trade In the iiere in japan ana mine, me people Orient. Ho ssld are -year by years - wearing more "l have been frequently asked why clothes and better clothes. And cot- It is that American manufacturers are ioa. me oasis ox me coo 1 ana ngnt not doing more business in the Ori fabrlcs, suited to the climate of the ent why they are allowing European Orient Is more and more In demand manufacturers, and especially those of id th" dwnn wl" Continue to Oermany and Great BrlUIn, to walk T.W- . .:; - v away with business which -might Just Another important factor In the sit. as welL be csptursd by America, lor uallons'n recent movement on the it ,ls a fact that this I being done psrt. of '.the. five great textile com- and that every day Oriental gold Is panlesof the Kansal sectlon'of . the flowing Into the coffers of these for great cotton manufacturing district sign manufacturers that ougM to be forming n great syndicate to xport flowing In the direction cf the Amert cotton fabrics to Manchuria," with the can manufacturers. It Is true that oai aina 01 me govemmeni wnicn nas the United State trads with the Orl- promlsed.to guarantee a'loan a 6,000.- ent has shown a greet Increase In the 000 yen threo - million t dollars) - at last few yenrsrtout It Is not nch-an fonf per rent. .The consolidated Increase as might hare been secured companies will guarantee to-export 'at by the same, sort of diligent, never i-a w i iiumnea ooi,ion ceasing work that the Americans per goods to Msnchnrla, and keep up the I form in buiidina- nn thaie him, ita. exports and increase from time to The American house that are repre time, even though at fjjst a loss be seoted In this field are enjoying eon sustained. This liberal policy is, if stantly growing, and lucrative busl- """-i jiirBw.iT- n nn. wun in pinn nese. it some of theso American or ma dapanoae government to puna manufacturers would come over to tip homo Industry In every wsy pos- the Orient and make a face,to-faee slule. It . means an Immediate and study of conditions here, they would enormous, eta well as a constantly wld- soon reallxe the conditions that exist enlng Imterfse of the eotton textile and would , proceed to get busy In this quarter of the globe, and they would become at once thorough ' en thusiasts on the subject of extending American trade In the Orient I be lieve that the day Is coming and at no distant time when 1 the manu facturers of the United States will wako tip to the situation, and will be gin to realise- that they cannot afford to let the manufacturers of Great Britain and Germany get too firm grip , on th Oriental markets;' At present the industrial kings of Amer ica -or-t least very many of them are rather somnolent on this topic, to say the least" The man who spoke these words Is, to bo sure, ah enthusiast on the sub ject." : But ho does not exaggerate and the more one talks with those who are in a' position to know, the more one becomes convinced that he does. not overstate the situation, . Here, for example, Is a case In point:- .. " ' , - , - -. While In St Paul, Minn., on his way to Seattle to take the steamer for .Japan, the writer called on the president of a concern which makes a specialty of a certain lino ot heaty machinery 'used In general construc tion work, and ln the building of rail roads and bridges. This visit was made because the writer had been in formed that the firm in question had done considerable -business In Japan and that the officials thereof eould throw considerable light on the mat ter.. The president on being ques tioned, very frankly stated that his concern had done considerable busi ness In the Orient ln tha past; ln fact bad secured soene lucrative con-, tracts which had paid excellent prof Its. But for more than a year It had not followed up this trade and had not secured any new business In that quarter of the globe. "However." said he, ."there Is no 'question that business letd be secured there, especially In view of the pres ent stage of development of China and Japan, and It Is profitable busi ness. We expect to send a representa tive over to look Into and work up this business and shall probably dd this within the next six months." I Now It so happens that Germany and Great Britain are strong and for midable competitors in the manufac ture of thie particular lino of ma chinery, and it may happen when this firm sends its man oer to look after Its Oriental trade, that it will find that foreign comptltlon has gobbled up some Important contracts that might otherwise have been secured .for America. This is only one straw which shows the way the wind is blowing. Here are some other points worth remembering ln this connection: Over eighty per cent, of the world's popu lation lives north of the equator. Take China, for Instance. If all the people In the world were to stand In single file side by side, every fourth man would be a Chinaman. Japan has 60,000,000 people a population which is contantly growing. Japan is al ready, and has been for years, a heavy buyer of American goods. Under the new tariff which will shortly go Into effect and her policy of fostering home Industry by supervision, control and financial support, the question of sell ing foreign goods ln this country will take on a more complex aspect and It will more than ever behoove the American manufacturer not to trver look any bets, as they say in sporting parlance. WHAT CONSUL MILLER SAYS. This letter wlU be closed with an interview which the writer had with Consul General Henry V. Miller at Yokohama. Mr. Miller, who -was for a number of years in the consular service ' In ' Manchuria, Is thoroughly familiar with the conditions of trade In the Orient. He has been la Yoko hama only a year, but in that time he has rendered valuable''-service t to" American manufacturers and ' mer chants, and his work Is highly spoken of by representatives of the 'Ameri can Interests In this country. He has made a special study of the cot ton question. "There Is no question," said he, "that the manufacturers of America do not appreciate the opportunities for trade In the Orient. To be sure in many lines, American manufactur ers are well represented. In many other lines they are not so well rep resented, and If these men. would come over here and tee for them selves, their eyes would be opened and they would come to a realisation of what the possibilities are' over hero. "The average American manufac turer has very little or no conception of what Germany Is doing to build up her business in the Orient "The German manufacturers are patient and tireless workers and they make a point of overlooking no de tail. They try to manufacture Just exactly what their Oriental itrade wants and then ship It ln such shape that the goods '.will arrive In first class shape which Is something that cannot by any msans be aald of th American manufacturers. In fact there is a good deal of complaint over the fact that American manufac turers pack their goods sdWearelessly and so much without regard to the properties and necessities of trans portation that they often arrive In bad shape. Any one of the large American Importing houses here will tell you .th same thing. The Germans here are overlook ing no opportunities to develop their trade. Their .representatives here work long hours, from I o'clock In the morning until o'clock at night The Englishmen and the Americans work from nine o'clock till, twelve. with twe . hours- off for lunch, and then from two to four o'clock. Her Is a little pointer which shows how anxious the Germans are to get hold of this Japanese trade.- They send over here clerks who they pay a low salary and who live with Japanese wives In the Japanese fashion and wno Become tnorougniy in touch with native jlfe and customs and language and who are thus in better shape to push German trade in this country. These clerks or salesmen can live very cheaply tn the Japanese style, and they do not draw large salaries, ss I have said, bit they soon become equipped to do" efficient work. This Is only on Instance In point. Another thing, the German govern ment la spending a great deal of mon ey on its consular service In the Orient, In order to build up Its busi ness over here. For example, at th German consulate . there are seven consular representatives, besides th consul general to assist mm in his work.. This does not Include th lin guist or th four Japanese employed In clerical -work. These assistants to the consul general have their own special lines of work. One-man fol lows up transportation questions, an other, looks up problems connected with the development of German trad in this line or that: and so on, - I Yokohama the American consul gen eral hai only on assistant, and of course no such work can be per formed es oan be done bv thaiaar. man consulate although, In' th in terests of development of American foreign trade, this work ought to be done, Hero la a statement showlne what Germany Is doing In this direc tion, compared with twhat this court. try Is doing.: , '',,) ,. ,..;'. "Number of persons employed at German consulate, It. Entire cost of maintaining this service including In terest on Investment In buildings, 110.866. .Itevsnee ccnlected.' le.BOO. Cost of mantalnlng German trad in :3 Yokohama, f 15,766 per annum, In re turn fo( .their ' the 'figures for the German export and Import trade for 1(04 In Yokohama show a total of IMOi.Oll. Consider that for th same period the American import and ex port trads, including raw and manu factured, material, amounted to 15,4, 116,111 for -Yokohama, and -then study the cost of maintaining : our consular service for that year. Her it Is: ? j , :;':"';'. -r "" ''Number of persons employed, two Americana a and four Japanese, slx. Total cost of maintaining the service Including rent and all other, expen ses, 110,000; revenue collected, $28. 600. Profit of tha consulate, $11,600. On the other hand, to the German government the . net ' cost ot main taining Its trade In "Yokohama was 116,766 for that year. Germany's trade In Japan Is small compared with that of the United States, but it la growing because the former nation Is putting frth tretaandcis efforts to build it up. And she is going to th front in- spit of her handicap. . , ' "So far th cotton frada earned, th American' growers of the whit staple and those, who eon inter ested in marketlns . American mimn in the Orient ought to have a perma y nent representative her, not connect ed with any particular firm, and. in dependent ofthe government to dd general missionary work ln th inter ests of our raw cotton, and .to keep in touch with, th spinners of this country to do exactly th .same work that England Is doing in con nection with -.the cotton trade. Suik an investment would certainly be 1m mesely profitable. Th America con sulate tries to do as much of this sort f work as possible, but it is not equipped to do It In th way that It ought ,td bo "done.", . , l r In thfa rather, length letter, an at tempt has been made to show in a general way the underlying conditions of . American trade in the Orient a knowledge of which Is essential to a thorough understanding ot the prob lem. -The next, letter will be dated from Osaka, th greatest manufac turing center not only in Japan, but In the Orient the center of the cot ton pinning business over here and of numerous other lines of manu facture. Her some Interesting facts ara certain , to be encountered. Th wis youhg man keeps both eyee-on' the wmell-boy with whoso big sister he wants to face . th parson. , aUIXED SPENCER YARDS. ' Brakeman T. E, Rogers, of AahevlUe, Meets Instant Death in Collision- X Two Outers Slightly Hurt No One i to Blame) for Accident y Special to Tb Observer.'' jVt'-' vi.-- ' Spencer,' July 11. In a collision on the Southern Railway yards in Spen cer at 4 o'clock this morning Brake man T. E. Rogers, t AahevlUe, was Instantly killed and J.. W. Hunt and Fred Kelly, also of AahevlUe. ; were severely injured.- The three men were sleeping . in a caboose on the yards and ..the cab, . together with other cars, was being shifted prepar atory to a trip, j While being pushed by a shifter at a high rate of speed around a sharp, curve, the shifting train ran into an incoming engine from the main line. The brakemen on the front of the shifter did his utmost to flag th egtne to a stop, but his signal could not be seen around the curve. In his strenuous efforts to give a signal ln time to prevent a dis aster the flagman's lantern was ex tinguished at a most critical moment and the crash came In an Instant bringing death to Rogers and throw ing both Hunt and Kelly, while yet asleep, high Into the air with 'frag ments of broken cars. Rotters wan horribly . mashed, his neck bei Un broken and hla head badly d)ngur.t. He had Just stepped out on tbe plat form when tbe accident occured. An Investigation was held this af ternoon,' but the blame for the wreck ha not yet been placed. - At present it appears to have been merely a faflura ot tha lantern In the hand of th flagman, who mad a desperate . effort to save his train. . There eeems . to be no blame attached to any ot the vtuvun u- tiiar Quuumu.iivii, J. . -'. The remain or th dead brakeman were sent : to i ns jormer nome st . j A .1 111- tT.. ... Km v. i n. i.n in tiii mi mr n. hmimh-e ,ii f be able to resume their run in a short lime, , . : Engineer Charlie Gilmer, of th in coming engine, jumped in time to save himself. ' " . ' A HARD LOT 1 - ) of trouble to contend with, springs from a torpid liver and blockaded bowela, un less you awaken them to their prop-r action with Dr. King's New Life Pill: the pleasantest and most effective eure for constipation. They prevent append! eltls and tons up the system. Ibx, st R, H. Jordan A Co.'s drug store. a fen Independent Audits Recognizing the value of an examination by outside and disinterested parties The Charlotte National Bank In addition to regular examinations twice each year by t he U. S. Government and examinations by a c m mittee appointed by the board of directors, engagad the AUDIT' COMPANY OF NEW YORK to mak . a thorough exhaustive examination of every branch and detail of the bank's business. The examination was made-by' trained experts of wide experience and bank work, and accountants of ability of the'highest order, who have audited the largest financial institutions in America. This being a new departure for a bank in the City of Charlo tte, and a matter of unusual interest, not only to the friends and patrons of THE CHARLOTTE NATIONAL BANK, but to the public generally, your attention is called to the report of the AUDIT COMPANY of New York, which follows: - -V -i a. THE AUDIT COMPANY OF NEW YORK To the President and Directors, Charlotte National Bank, Charlotte, N. C. DEAR SIRS: Agreeably to your request, we have made an examination of 4he CHARLOTTE NATIONAL BANK as of the close of business June 10, 1906. We hereby certify that the . accompanying Statement of Condition Is a truo and correct exhibit of the condition Of the Bank on th date named. In detail our examination was as follows: ' IjQANB AND DISCOUNTS? Were proven by inspection of all original evidences of Indebtedness held , In the Bank. 4 , Notes In the possession of corrspondents were verified ly signed certificates from the holders. All collaterals called for by the notes were properly accounted for. Were verified by certificates from the Treasurer of the United States. The securities entering Into this account were found In th? , posseslson of the Bank. Statement were rocelved from, or rendered to, all correspondent banks. All exceptions reported were satisfactorily accounted for. Was verified by actual count and all exchanges were settled the next banking day. TJVTTWO UTATyfl BONDS; STOCKS AND SKOTKITIFS? DTJE FROM BANKS AND BANKKKM: CASHt CAPITA Ti STOCK t TJNDrVTDFD PROFITS; PTTR TO BANKS; ;bttxs payable t INDIVIDUAL D EPdsfTS : CKItTIFICATKS OP DFPOSIT; CEhTTFTKD CHKQTJES; CASHIFK'H CHFOrKS; OTIIFTt ITKMSl GENERAL I A trial balance was drawn from the Stock Ledger, and found to be In agreement with the General Ledger account. The Income acoounts for the six month ended June 30, 1906, were scrutinized, and the. expense disbursements found to be supported by proper vouchers. Statements were rendered to. or received from, all correspondents, and all exceptions reported were sattlsfactorlly accounted for. - Were verified by certificates from the holders. ( The Indlvldusl ledgers were balanced and found 'to be in agreement with the controlling aooount AH pass-books left during th progress of the examination were checked and found to agree with th ledger bal ances. A certificate was handed to the depositor with each pass-book re turned. By the return of these certificates, properly signed confirmation has been obtained of a large number of the depositors' acounts. Cancelled certificates were checked with the register, and the total unchecked Items were found to agree with th General . Ledger account The outstanding Items were totalled and found in agreement with the controlling account - All Items not specifically mentioned In th foregoing were exs mined without disclosing any condition demanding comment OuY examination waa thorough and comprehensive, every facility having been afforded by your officers to this end. W take pleasure In reporting that w found th accounts of the Bank kept In a clear and Intelligent manner, th work carefully guarded and under efficient ad ministration. Tours very truly. i THE AUDIT COMPANY OP NEW YORK. K. T. Perine, General Manager. Philadelphia, Pa., July SI, 1106. STATEMENT OF CONDITION AS OF THE CLOSE OF BUSINESS JUNE 30, 1906.' v' . -v . ' nESOCRCES ''m Loans and Discount . . 852,03t.6s , U. S. Bonds at par ,, 160.000.00 I i V Other Stocks and Bonds 4,000.00 - -. Banking House Furniture and Fixture 11,800.00 ( - Cash In Vault and Du From Othr Banks 16S.t06.lt LIABILITIES Capital Stock -' K " - .iviii. , t neservea lor Accrued interest , . . Circulation . . . . V. 8. Bond Account Bills Payable v . II 113,000.00 w,u.ta 7,113.4 ft , 125.000.OO vo.ooo.oa t Tn.oeo.oo Si,17S,741.ST D0"" .................. T1MM.50 '.'". . r 11.173,74187 On the merits of the above report we solicit bank accounts of all kinds, large or small, promising that iithe most liberal and courteous treatment shall be accorded you. ' ' ,7 - , v va aitii '7- THAPT HTTP M r K-k ornctRSi W. H.; TWITTY; Cashlr.5' DIRECTORS: .",... I, I FRANC H. JONES,' Teller CD. HE ATI L '1 iX DR R J. BREVAM). ; , J. F. ROBERTSON. niri n n wr 'r i ' . . i ,. ti t w aw Tfa i ' , ...-',.'.. t . - VINTON LlbDELL :) . CHAS. F. . WADSWORTIt" 7 II. N. PHARR
The Charlotte Observer (Charlotte, N.C.)
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July 29, 1906, edition 1
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