Newspapers / The Charlotte Observer (Charlotte, … / March 31, 1907, edition 1 / Page 6
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ClLMiLO i Til DATLY (h.l.Y illl, MARCH .",1, If )7. hi;- . :. i , I-' ' f K'1' t v ; i t7 ' 12 .' r-.-.' t 7 s ) TO .REMEDY. STRINGENCY ini, CItOUlXL OX klTI'ATIOV. ijiiliK-nt Student of Imliwiry and H liiiiic wty lTra'nt Srurelly of Money wan Flnt t'niiwtl ly Han : FrawliK-o lirthquukr, Which Mado Insurance Companion liin Una Sepnrltloa ' Country Ha Broadened IW 1uh1 of Cimilutlon Iiiiif Period Invent menta Wiould be SiiKWlrd, Rtwlc .should bp Cut Iwn Pmtoiwl K. ' penillture Should be More ffeononw IciU.-'..-.K' ,Y:' f''-i:-M'' r''":il ' Dr, John F. Crowcll. formerly pres ident of Trinity College and profewor of political oclonce nd finance in that Institution, later connected with the departments of flnanoo and labor. and commerce at Washington, and at preeent associate editor of The Wall Street Journal of New York, wan a cuart of Dr, Jerome Dowd In the city yesterday. tr. Oronvll la one of the three regular editorial writers of this periodical, which is perhaps the fore moat financial Journal In the Unlfd, Slates, playing- a part of great import-, ance in the financial life of the C"uif trjr. Dr. Crowell talked Interestingly of hla work and of the financial situ ation to an Observer man yesterday. The paper ltclf employa a staff of 60 'or 60 men and Issue 2 editions dally. It furnishes to thousands of readers and also to others ty mean Of bulletins reports on dividend, and meetings of directors at which divi dends are determined. 'The feature of our work," said Dr. Crowell, "Is to isxuc from "0 to 90 sep arate bulletins every business day. be tween the hours of 9 and 8. Th-s ' contain announcements of dividends and sales, purchase of stock a and bonds and of the terms on which all aorta of securities are Issued, the crop news of all the staplo cropa, and on Iron and steel aa well as on the stand ard metals. The Industrial progress of the country, especially as reflected In the enlargement of manufacturing en terprises, the giving of large orders to car companies and locomotive werks, that bear more or Icsm directly on the value of the securities which repre sent those industries on the market tnunt be Indicated." Dr. Crowell's special work Is to write the general economic editorials on? industrial, commercial and crop questions. He deals with most of the questions which concern Houthern en terprises. Each one of the experts on the paper is expend to write an occa sional editorial when some exigency arises touching his line of work. 'tThcre has been much talk lately, doclor. of the stringency In the money markets of th Kir-at financial centres, eaneclal'v In N' v York," said the re porter. "What d you mnk out of the , situation -' EARTHQUAKE FIKST CAUSK. "Well, the mnrkct has been tlht for a year or so," replied Dr. (.'rowell. "In my opinion the flrnt ruiiNr which cortf tbuted to make It so was the Pan Krancisro 'arihqunke This mark ed the cllninx In the rl.e In security prlcen. pack of It was a !on period of prosperity. After the catastrophe whih f'enruyed hundred of millions of dollars worth of property, the in surance ccmpiinles were forced to throw U'ion the market come of the most vi.lir.ible uriten in order to obtain the money with which to meet the demands of the situation. The In surance companion of the Rlate of Connecticut alone, for Instance, paid out of their treasury I'jO. 000,000 u a result of the earthquake and the (Ire which followed In Its wake. Most of this had to be realized by the sale of securities, Similar enforced nalen took place throughout this countrv and in the great financial centres of the Continent of Europe. FOREIGN' HANKS ICAISKD DIS COUNT "The tlghtnesK of the money maik et in Europe Is shown hy the fact that the Hank of England, the Jmperlal Bank of Germany and the flank of France have eai-li and every one rain ed their rate of discount This ltua tlonn has for montliM kept the New York money market fnun command ing a supply of K"M t" meet Km de mands. Thl has untinii' d In spile of large export anil f:ivr,,l.!( r,ii- i.f exchange The . !):.. il. n. e has been that New York ha." been hut up to Its own resource at a tlm- when the country hh a wh il.- was woikliiK every dollar It bad to Its full capacity to TWeet the demands of tt.i e ,in,l Inilus try. "Of the ar "jot nf mom y sent out by New York lor t i - j"i i p. .m' . of CXvp m"Veiie'tit, un iili i n Id l"s has COmO h,u k Ibun ha i beeti llnial f'T many yeum. Tbi is .In,- (.. the ex panding ar a "f mnnitaiy M ivh e, Which the enlstlnir cln ulatlon has hud to cover. This has been true mul Is true el)rclHlly In the Southwest and the Northwest. Cases where people hay drawn out their money from banks and other nterprles ami hayn Wlgrkted t'i other seeilons Illustrate on way In whl h this is brought about This if.,itot a strlngeii particular form Is i .-II. v . I the morn y put In .ir. ul.itl Of th situation hi ii wleil tf, said th.it mon y Ins work now than it h..s lo r. i to do." 'Then this i tlnue?" "It I- likely the volume ods of doing million Ik . i . T p on to ( on' I ii ii. .is lonR a s liiif in. and t b.. met h ti u i n i r.'.ioiln uti- changed." "What will l the oil f 't all ?" CHANG EH IN Ml-TII'M I'll' H- ARM "One probable on! Iv ,, . i,,i,.. In some of th.. method- of biilnc The commitment of i aph al wbbb i -Ijulre long periods tor p turn will !) suspended, if not withdrawn entirely Until there l a l.au!" In lb. iln.i.i. cla conditions. "A change which "ill pvobal.l) b. -coms necf -ar) In the ooduct of ou r cantije budness. Whb Ii would (oii tlibuta both t help tl nnih..iii and la relieve the general situation. Will b to reduce all hlgh-pr,ed Stocks, tn oro-r i hat the inmi' y whlc'i Is locked Up .n th'Jii ma) o, i bang". I Into working .ipltsl In niimiifn. lur ing, the reduction of stock end the giving nf shortei term orders would probably yield similar teii.-r But the greatest measure of r Itcf, satd Dr. Crowell, "lie in the be ginning; of a nort' economical period i)t personal consumption Thl will de. ehp la people the capacity io tr.U tar Of themselves. It will teach peo ple to slop depending "n credit to bolster them up and stand upon th k- Tol.- bill r, 't , r own fert, This will yield a free ft. of ,. money," "What Is the view or those wli. ar : , Informed a to the general ouU "There Is almost universal , i t. dence." said" l)r Crowell. in ih, aoutdbess of the situation Many m n ' Vfacturers are advising their if presm ; UUves in the fields to push tb ir .. without any fear of the stringency r TKTTEIV $AVT tVZVH AKUK ZfcT 4Thes are Oseases ff which Chsmbw Hlii's flv Is tniy rsluabln. it wh-tty sllavs fa itching it4 smarting . I1 ? effwt f wr. frtoa, a seat . . er siile r ii, U. Jsrdsa Co.- i tho market in some of the great finan cial centre. It will not do, however, to say that any extraordinary event, even In the, speculative, market, is wholly dl.Kc.lated from business cort" dltlona," " Dr. Crowcll. lift lust night for New Orleans, where ha will spend a few day. : ) ACCOMMOD TIONS AMPLE. Sir, James Ker, Jr.; Doclure - That . Ample Provision Has li n Made for HouxJnff and llandUna; ' the Vast Throng Pxwt tcd at the Jamestown ExpOHltlon, ,-. t;uv;jH ":,.;;' Mr, James Kcr, Sr., traveling pass engur agent of the Beabord Air Line, has Just returned from Portsmouth and Jamestown, Va.; where he spent a few dayson a combined business and pleasure trip. Talking to an Observer man yesterday, Mr. Ker said: "The report that has gone out that the hotel accommodations are Inade quate in and about the exposition grounds is altogether a mistake. I hav Bad something to do with several ex positions and have attended a good many. Never before have I seen such prvparationa for accomodating a Vast throng of visitors. With equal poaltlve ness. I can add that never before has there been such provision made for moving' the people back and forth. "Two line of street cars run from Norfolk and Portsmouth direct to the grounds. Street cars run also to Wil toughby Spit connecting there with a boat line to the grounds. Three or four lines of boats rua.'mm Norfolk and two lines from Portsmouth. Sev eral lines run from Newport News, Hampton. -Old Point Comfort and other adjacent resorts. In addition to this, arrangements have been made whereby all Incoming and outgoing steamers will stop at the exposition wharf. It would be Impossible even to approximate the number of visitors could be handled to and fro by these several lines. It Is enough to say that the accommodations will bo sufficient. "As to the hotels, the promoters of the exposition are fortunate in' that the grounds are In close proximity to a number of the largest resorts cen tres in the country. Old Point, New port News, Ocean View, Berkley, Nor folk and Portsmouth are within strik ing distance on every side. Tho rates will be as reasonable as one might ex-, pect. A do.en or more. Immense build ings are now being constructed Just outside tho grounds for hotel purpo ses. Inside Inn, within the exposition grounds, Is capable of accomodating 2,900 guests. Plncy teach. Hotel la not more than a few hundred yards from the grounds. The hotels In Norfolk, Portsmouth, Old Point, Berkeley, Hampton and elsewhere In the vicin ity have recently built large additions especially for the exposition crowds. "The Seaboard will shortly Issue a pamphlet giving a list of all the ho tels and boarding houses In and about Portsmouth and vicinity. Not only will directions be given an to how these hotels can be reached but the rates and such other Information as may be desired. These pamphlets will be of ficial and will be out In a very few days. "Tim exposition opens the 2fith nf April. On that date, President Roose velt and his staff will be present. A naval display the like of which has not been witnessed In years will take place on the opening day." WII.I IAM WAS HOLLERED AT. ( ailed Up Over !on Distance From New York Did Not Know What It Cottted. William Oorrell was called up over the long distance 'phone yesterday from New York, and responded with clue excitement. "Who was It William?" "Fellow name' Ernes' Ernes' Bar rlnger lie ax me If I knowed who dat wus I saved I dldn', but when ho tol' Ills name I tor him to go ahead, dat I'd done caught up wld "lm. lie ax me If 1 knowed Halph wus sick. 'Cose I saved yes. but. i' I. 1 thort he ii up again He sayed Halph wus slik now. i ti I tol' him If he need, d : mniiM , let me know, en sen' Italph home " What did It cost K.rnest?" "Who Is you axln'? Me? 1 do' 'know wut It costed him. H h'dier-'d lit no If I'd h'dlcrei! t him. I'd a' ! bad to i oiiip iiitonh But 'twiin hi m idem- de holli rln' No, sir. I 'Aa'n'ti on d;tt poy-roll." I EVERY DAY is n owiuvl. it in on KDocial uci.isioiis thai its jrcat tiliic is liumil'eHted. For instance, we call your at tention to a special list of EASTER RECORDS: The ,' i i i.mi li of Kasler makes a 'P. I:. ' ll-i of Easter hymns and an-l-. ui . nit .. timely. W, ..rf.r tl. record which are spl. ii. lid iii every way- two w. II kl'.'wn Ei" 'I anth. mi mid a cele hriited h hoi by Trinity Choir: (itntiler'' f niioim H'sanna." beautl fullv iiog I Mr .Maedono'igh. and a suM th rico'd or Hidden "Resur reetlon,' bv ! .1 rb k (, I 'l eemnntel. one of lb. iiest L.i' i nors In V merh a lAsier ss.n- l) Hair) Mai donongli. Tenor '.alt Ho- 'nun flianler 10 Ijmtcr song liy I'rcderli U ('. I Vit- i inanlel. Tenor mi: Th- Rsune-tlon Hdd. n 12 Ijiot Xiiilii'iiu by Trliilly (liolr ''' Vl.toiy Paletrnu 10 '"h; li J. ice' Oh. Hons of Karth! Ever 10 .in; I 4 Awukr. Olurt Hmil, Aaki! Schn-i-ker 12 Ask f.,r thes, by i tb. or by nuin b. r Stone & This flir H II r II I Barrineer Co. VKTOIl IHMTIUBlTOnt. MOVINO TICKET OH'K'i; Healjourd Railway til,IlHhliig l'l lown Th krt OHUf In Scl ) ti -S. l. win to Operate Hodo. fountain tuid AImo Herve Cold handwltclxs. Work Is moving along In tho trans formation of the east lobby of tho flelwyn into an uptown ticket office for the Beiboard Railway Company, '.he room Is being divided Into three compartments, 'tue extrime east will be occupied by the; expert decorators; Short 4 Short, These gentlemen Were getting; things In shape yesterday, The middle compartment " wM be occupied and. fitted up as the ticket offlca proper and will be occupied by Agent Kerr In a few days. On the w eat, ad Joining this, the hotel will op erate a soda fountain, which will stand against the north wall. In con nection with this cold sand witches will be dispensed, although it will not be a regulation lunch counter, this being merely a sideline. This establish ment will remain open until a late hour at night, for the special ac commodation of late arrivals on In coming trains. It will probably be two weeks before all arrangements are completed. Means Many Dollars to Uncle Sam. Government distilleries are now re quired to make 3 3-4 gallons of liquor from one bushel of grain. The re quirement is to be raised to 4 and 4 1-2 gallons, the difference being made to suit the equipment of the still. This means 3-4 of a gallon more to tho bushel that Uncle Sam will collect a tax on and there fore many more dollars. The gov ernment gets $1.10 tax per gullon. The Increased quantity per bushel will bring millions of dollars to the gov ernment each year. Rev. Plato Durham to Preocli, Rev. Plato Durham, pastor of Trin ity Methodist church, yesterday ac cepted the Invitation tendered him to preach the baccalaureate sermon at the joint commencement of KrMklne College and Due West Female College, which takes place at Due West, 8. C, In June. The Seceders have a treat In store for them. To stop a Cold with 'Treventtcs" U safer than to let It run and cure It af terwards. Taken at the "sneeze stage" Preventlcs will haal off all colds and Grippe, and perhaps save you from Pneumonia or Bronchitis. Prsver.tlcs are little toothsome candy cold cure tablet a selling liy fi-cent and 25-cent boxes. If you are chilly. If you begin to sneeze, try Preventlcs. They will surely check the cold, and please you. Sold by Bur-well-Dun Retail Store. SlIEf TO BE OFFICIAL PIANO .Norfolk. Va., Pob. 20, '07.. Mr. Chas. M. Stleff, Baltimore, Md. Dear Sir: It gives me pleasure to In form you that the Board of Governors of tho Jamestown Exposition Company, acting on the recommendation of the Bureiu of MusIk, after Investi gation of piano of the highest grade, have selected tho Rtleff Piano as the Otllclal Piano of our Exposition. Wo will re quire a number of your concert grand pianos. Respectfully, C. BROOKS JOHNSTON, Chairman Board of Governors. CHAS. M. NT! EFT, Southern Warcroom, r West Trade. Street, Charlotte, N. C. C. H. W 1 1. MOTH, Manager. When you arc in the ft--''- Vv&Sa'S forget to call on us. Wc will show you something worth seeing. . . We triiHt every buyer of Dining lloom Furniture will honor us with a visit. . . , ' .'.-v.; '' Il.VSEBAUi TO-MORUOtt. TWO (iani. s B( twccii Coloicd 'Teams Mvliifistom; a ml ;;iddie to May in the Morning uiul hhaw and Aha , Clinrlotte "All-Slnra" 111 tlio After non at ittta lurk. Conaldcrable interoHt Is bejng taken among- has: ball fans in the game of ball which la to be played at Latta Park to-morrow morning at 11 o'alock between feams representing Blddle University, of this city, and -giving-stone College! ; ' pf , Salisbury. 'Not mttch Is known of the comparaUve strength of the two" teams, their chief recommendation being, the, splendid article of ball which they put -up last yesr, when Bid (lie won by the score Fashioiiable Clothes fog YORKE BROS. riothlntc, Hals Mil -pi Spring rnwt'CH '-is i HONEST VALUES market for Euraiturc nnd of 1 to 0. Tllfl players, iih i i rule, are well behaved ar.d there vlll no doubt be a UrK crowd of upectutois, whit ea well as black, to witness the contest, : ' In addition -to this git'me a second has bean arranged to be pulled off In the afternoon at 3:30 between Shaw tnlveraity .and an All-Charlotte team1. The latter is also ft colored team- CHAMBERLAIN'S COT'oH REMEDY ,. . i , . A FAVORITE. ',;,) "We prefer Chamberlain's Cough Rem edy to sny other for our ehlldren," savs Mr. h. i. Woodbury. .Of Twining, Mich. "It has also done in work tit m In hard colds and croup, and we take pleas-t tire in recommending It."( v.For sals by K. H, Jordan b Co. ' No matter what you fancy, 'vve can. give 1 you precisely wliat you want ?j in fetyle, znaterial, work- manship and fit. Come and see bur splen did collection of Long - Tate Clothing Co. Sunsliinc again! With it domes thoughts of the New Spring Suit you have promised 'yourself. With that thought we trut that you will couple the name of this store, where your conception of all that is desirable in a Suit will realized. Suits of new hrnkrn cheeks and plaid pat 1 erns in the handsome Grays, Hint's and the siuart IJrowns. Single and Double-Breasted Cut, $12.50 to $27.50. When you think ing, think of loth- o; c & ROGERS. ami Furnishings. SPRIG airs. Our store is filled with new spring goods, and in no department arc we hotter prepared to serve ymi than in the Dining Boom Furni ture department. Our stock comprises the latest styles in Weathered, Earlv English and Golden Oak Tables, Sideboards, China Closets. Serving Tables and' Chairs, all to match. China Closet special We . have two Antwerp finish China Closets to close out; . regular values s 15.00 and $52.50. Special price $39.00 - and $44.00. , Floor .Coverinirs' don't N ir i t Wultf 100 FINE "Purity FeflMress , : ' :.n-'v-v;-'::; '"',vV:-:. t'-' .'. " 1 ' v :':--r V.-!"'-; ', 100 fine sppcial ,Purity, Felt," Mattresse3j which we bought "at a sacrifice; worth regular $,10.00 and $12.50.. As long as this lot lasts, , , , They are fine sample Mattresses, covered in very fine Bample tickings, only one or two of same design and' color. Made of beautiful soft layer felt and fit for a Queen's bed. . Don't put it off now is your chance. Brass and Enamel Beds The largest stock south of Baltimore. Prices we guarantee lower than you ean buy elsewhere. Remember, no one else has these special Felt MattresseSj for we bought the entire lot. The Tate - MM, HUntllS AND Mill's 6ABHEHTS THE UNFOLDING OF MEN'S FASHIONS. Our spring stocks are in full bloom and we are showing a very large and interesting assemblage of apparel for men. New Shirts, new Neckwear, ney Hosiery, new Hats. In fact, you will . find everything in Men's Furnishings waiting for your coming. Men's garments made to order in the tailoring department. ' The Tate-Brown Co Furnishing Good, Ilata and Fine Merchant Tailoring. No. 6 South vv Kelly - Springfield y' i To those who drive, a is in the smartness of their turnout. The other v part us in the good service of good material. f Kelly-Spirlnoileld Tircs:- . : : are both smart arid goodi J They add to the 'ap- Sirj vtu aiivb vi uiw uyk prxcc inac goes wicn ieir gowj siyie. ; ; l nc.DCSC - .1 s iu i f . SPECIAL Brown Co. Tryon Street. 1 i i i i i(i S3 part ,of their satisfaction ; uiiu vw ivc wic lUviu .'H v.: 4 1 1 1: ',(. i 1 ,-i - ,v; Jcarnae makers use-them. exclusively. oF.xo"r;r-W J r ' -J. W. WADSWOIXTH-8 6058' Oa, Agui v ' 'V'Vi' t .... v-.. .-, ; ., ... . , i , . . ' "4 jf - '. . ' - . . ' 1 '
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
March 31, 1907, edition 1
6
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