Newspapers / The Charlotte Observer (Charlotte, … / Dec. 23, 1907, edition 1 / Page 9
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1 ' i l.s A.I J kviUli...lv..a ,' AIN Cf riCEl . C3UTH TRYOIV ST.. Charlotte. N. cti : i c -CCuita: le l v l: ATI 1 t Ml. f I f i , 1 1 I. c. PT!t ) : "S i k. I oe r atrial mir- ' I v vie i -1 CimriMned v. i.. i i' tn. r-Uiurs frit comimf an il I . i in its ! i i ii noons In Ke en . s i ip, l.ip K o r -t pari. In oury i . or umlr some oppression. Transae i ' s in suK'iis wme to a preat extent In .jn'sionul bands find, the pressure on e iru!ik"t was not acute. In spite of tiie fortifying process in piogrtss by the1 I ;uiks. Wiih the premium on current resisting In Kew York, and the outflow of cash to the Interior still ffoine on. la rlte of the period of the usual return f.ow of fund which tro out to mcve the 'rrop. the conviction wh borne home 'to bnnlters that the return of normal bank ing concUtUns ws not to bo looked for before the turn of the , year. " Since the clearing house banks have made up but v a, part of the defiicit below the Je?al re : serve held and still have a large volume of clearing house certificates outstanding the Imperative call to proceed with . Uie 'work of recuperation was reeoirnixed. The heavy demand to be faced for the :' yeir In the settlements emphasized this , call. - The money-market was affected In consequence, call loan rates rulinj high . er.. The time loan market continued al most nominal, the supply of funds In . tha t department being - of the scantiest and thert .was- no (effective demand for . mercantile paper, of which on absorption is relied upon to carry over commercial affairs through approaching ; maturities of large- obligations, ' i,;iA!"rt.i':'..v' The week was notable for the'lmror i tint contributions : In - public,, addresses " and official reports from many of the best - informed minds, on financial affairs to the' discussion smd elucidation- of the . causes of the recent ' crisis, and of poa- eible remedies., The v effect has been to broaden' the general . comprehension - of i the far-reaching underlying conditions which led up to the crisis and to rels . pate to their proper position of relative ly lets Importance some of the more vio lent manifestations in the banking and money, operations which were symptoms rathef than active Inciting causes, An drew - Carnegie's- assumption that -commercial Mis!ss are the outgrowth of W r herent tendencies in human nature not to ,be confined by legislative restrictions was In practice 1 conformity with the views, ? expressed by William Sherrer, manager of the New ; YOrk, . Clewing Honse, , who declared- that th great disturbance, of : .capital caused by the war between Japan and Russia, had been further' accentual ' ed by the earthquake and fire loss at . Ran Franclseo, while extravagant living and disclosures 1ft the .jptanagement of corporations had helped to bring about .-olrrm and Ions of confidence. The an- nuar report of the controller of the cur i rency, William. E. Ridgely, offered what .some regard as an illuminating opinion on the scope of the barking disturbance - which broadened V the field J its causes 1 far beyond the Immediate troubles In ' 'Trie conditions which, led to the panic 1 . Of October and November, 1307, were not dud to the lack Of confidence of the peo- pie- In the banks, but-more to a lack of ' confidence .of the- banks In themselves ; nd .their . reserves. vi- Banks have been fearful that the reserve svsferu would break down, tn consequence It has brok en, yiown and- the reserve oeooaita have beeli only partially available." .-- -, ' By an analysis of the working of the provisions ot. the banking-law which-ol- Iowa deposit 6f country banking reserves In-reservp cities and of the lattor'a re- . trollef arrives . at the conclusion that . i..Ht,- ..... m . , MM . i-MuitU J umiav. akorp uui i i?r vn f .hand tn- cash and .of the country banks -reserve deposits -the city banks keep but Ty. per. cent, on hand la cash. He amies, therefore, that if ther la a reduction In tb -decosilj of the- country banks of , jmOOO out of $10,000.00 rr 5 only H per . S t 11 V. i. Will IUI l. Vl - J . ivi iv 'money than -has been kept n- hand in she reserve bank for the whole-$10.000,. -000... Thn consequences of this conuitlon 4 wi found "in -the returns of the national ' banks to the cotnrroller of December 3d, ofi' which the feature. Is the portentlous ' withdrawal fwnm. central reserve and re 2 serve cltleg for heaping: Up in the coup-' try banks. , I'.. Aia1ii lmftAiiUi1 : tfAnti11lllf AH tnfk , discussion of measures for correction "was, foima in the exnaustive report oi ' the I special .commission appointed ,i by rtiwirnr. HrifhM tn reenmmand the re form of Kew York bank and trust com' psny laws, especially in Tne -reservs re fmiremont unon trust comonnlee enarajted ; hi bankintf buslneM. ; Financial pinion witneatistaQtioa way tns open. ' ; eit 'for correction of a. situation that con stituted the weakest point in the whole f chsln of -the bMktn world Awhen . the -strain was put upon . $i . , In its immediate effects on sentiment rtgardlng the financial and , commercial outlooku this - comprehensive; discussion - and frank expressions have served to deepen somewhat the. appreciation of the extent of the disturbance and there 'ha been a corresponding growth of anxiety aa to the amount of remedial work whloh their Jircvlous prosperous level. .. mental Conditions of the Year In Order to Meet the Present Situation -More or Less Inertia Still Pre- Tails In the Financial District. Correapoodesoe ot The Observer. . New- York.;Dea Jl.-Tho only "way to meet the present situation is to at once recognize changes, in fundamental condl-. tions wnch' nave taken place aunng tne Liuniug ! J fill " v ")' j.ovj. v mvH unpleasant violence from an abnormally ' hlth level to an exeeedimrl'V low level. "and tho succeeding process of readjust .' miiit- 1- painful .but. Imperative. . The more promptly It la recognlied- and the " jnora'.piemptly" arrangements are .made . to go Ahead on the new basis,' the quicker t will be ithe vreaV recovery. Vhlle ther arc atlll many unsettling- elements In the situation;; It is satisfactory to- observe '.some comcensations 'Whica may.: be too t gloom." It must not be forgotten that our ..i farmers are in strong- nnanoiai conmtioni the happy result of a series of very pro - lttable' harvests. Tills season- Is. -sura td Vlie a. good one for. all engaged in agrlcul- tuful pursuits. ' No audi situation exist-"-d in previous panics, when our farmers ciifffred to k dcaree which' is now ImDOB- B'Dic.TMt rnny oe ciass nrospeniy ana. therefore, less .desirables'- tlim nntveraa wroscerltyi but the financial strength of 1 our agriculturists It going Jo prove no tries n bulwark nimlnsl tne attacKs ot oe- nresfen.. Our farms nrodfeed IT.OOO.CdO.- OijO of wealth this year, which cannot be -ih trersted bv anv stocK. market name - Another enumeration -that, should not b overlooked, and to Which due weight has not yet been given, is mat our mer- 1 esnt ie -and industrial conaiiions are gen rrallv sound and free vt the oversupply 'whloh characterised the panic of li Thus fat there are few signs of nverpro ' prorttu tlon in the textile netry the- third - l-ireest division . or national . inauairy. The cotton mills of the country are In esrwtfill sound condition hnanclally: '-'and to avoid the cmseciuenc9 of over- :-riron-jctton --are generally, roiiowing nolicv. of curtailment "In this direction i teujit there are no si gn-of ' Weakness. nd our mills are In excellent :shnne for meeting reaction, t The wme can be said - w-jHinr h Ynn,l lniiiatrv. which ranks first In Importance.- It Is almost Impos- ihl to flnd anv market in this tllvlHlon 1 of business oversupplicd. In faet. In all f the merchftnd m markets mere is in. - hi. nr- nn comnlaint of overaroductlon the only weakness being In occasional " of unwise exoansion ' and over- 1 extension of credit. In such lutances the rrpent ' condition f the money market nav cause som' embarrassment; eepe oiaiiv should diminished consumption and lower prices.: which are inevitable, make 'Vi:rV;ttALYl-lItXEI'CP. -; - i...K.m BrnniB Bf WlnWrlmi: V. - T.. . j Kt I mia.i. ' - -- , - -. rays! Pocton got badly mixed np oven me: one raid nean oisease; iwo cauea u kidney trou'oie; tne rourtii. oiooa poison, and the fifth stomach and liver trouble; tint nnnn of them helped ml so my wlfa ndvlsd trying I'.lettrie Bitter, which are rerforirg me tc perfect hulth. - One Vr,itle did me m.iro pool thmi nil the f,v dotors Lrescril-ed." Ouarnnfol for IhK.a p- . ".. -wiint and 11 f'imxr.h liver end kmnty tumjiuii.i, If ail diu- CO .I v. .; : ,i or (..'"""' t V ( i r t t - i i . i x t ut t I s j i ' i l i i ' ' 1 I il T n t t f t le i 'ii y i i t J t I i . j i. I inn id of a rii'n.i" ' poiii. Ihe p-atPMt detrrea of ovi i I unn oui of mII f-Liwt liiis uiKjUi .iioiu .uly It ,i i n copper mining. The enormous expen ditures of the railroads for improvement and the rebuilding In many of our cities undoubtedly caus-ed an exirorainary es-stringency-, usually experienced In Jan cessution of these enterprises partial or complete will necessarily be ..severely felt In those brandies of industry ar.U within the ranks ot labor thus employ ed. . -. More or less Inertia still prevails in tne financial district; because the house cleaning process Is ' evidently not yet complete, connaence recovers siowiy al ter so violent a disturbance, and the pur chasing power of investing classes has been greatly diminished. The discourag inir lnfliipnf-e in Wall Street have, how ever, been so thoroughly discounted that It is prudent to Begin to iook upon uio more hopeful side. There is no noun dui that prises are still abnormally low ana must In due season reach a higher level. Corrective influences have been at work s long that improving conditions -must soon resuiu ana, 'saving tne temporary stringency usually- experienced In Jan unry, the money market ougnt to graau- Miy become easier ana inore rieuionu with th jnnronch - of SDrine. The- last bank call proved that the brunt pf the panic fell upon the New York banks, which depleted . their . reserves and ex panded their loans to. the limit in order to give help, while the Interior banks of ten drew their' funds from New -York an niled no unnecessarily big reserves. The Interior bunks are generally, stritnft and :Upon .them . should chiefly fall the withdrawal nf.' - government if deposits. which Secretary O&rtelyou la expected to shortly v announce. Werore - tne nrsi ot June-money threatens to become a drug In New York and Interest rate con siderably lower; though not aa low aa in the flourishing; era"' before ...the - panic The condition of the bond market l steadily Improving; nnd desirable securi ties' of this class uromise to tie main tained. As to Ktocks, many dividends mar be reduced either as a necessity owing to the diminished profits, or as a matter ot policy in Umts of adversity. The ac tion -on Pennsylvania . and New York Central dividends thie week has oeen severely criticised and Is hardly likely to be repeated ; by otner ranroaas; - an oi which are feeling the effects ot a shrink age in traffic and heavy Increase in ex penses.. These contingencies have In some matinees boeft so largely , discounted; as to Justify still better prices for best class railroad shares; though vthe- possibility must be considered that liquidation in some quarters postponed during the panic may have to ibe carried out to 1U completion. . - . . Another feature . affording encourage ment is the course -of our f orelfm trsid s Our exports In November were la04.000.005 probably: the heaviest total on record- ana an increase 3,wj,ii over 'iass year. . Our Imports during; the . month were less than im.w." ana sn.uw.uw less than a year ago. With lessened pur chasing - power on the - part of a ' very Urge number ot neretotore ncn peopio the tendency will be toward a diminution of imports and an expansion of exports; the healthiest ana most natural means of strengthening our credit abroad and retaining the gold recently Imported. - - ' 1 CTIARLOTTE COTTON. These figures represent the prices paid to wagons on-Dec. 21st,.. Good middling ...... ..... ' 11-00 Ptrlct mlddlma ....... 10.M Middling ...... .r". ' Charlotte Produce.' -"(Corrected ty KH.' Field & Co.)4 '. Butter Kerao ChlckenS-Sprlng U.........,. 320 ir.s-trs 23 Geese per head J. n. ...... 50$55 Hens per neaa ww. Turkey per - lb ....... ............. . 12)4 (Corrected dally by Cochrane-McLaugh- Rye .'..- ..., '....fc- 8 .- Corn Cotton,, seed . ..n Oats. a ?EW teNfilAXD OPTDaSTia ' No Feellngr of Hopele6sne Anywrrrro -Bank stood strain wen ana we Eats Has Faith lit tne rutnre, - Boston,'. Dec.' ta.fhaVdpenipgcot the faat full week. for he year finds conservatism predominant In all New England Industries, but there la; :no feeling of hopeleasnesa aOTrnt any where, and the general aentlment ap pear to that trkde will partially recover during inougi a iun -vlval is not looked for until after, the fM.MHtl At'Mtttnn'i'. . ' . , .n As this city is the centre of-the wool, hide,, leather, boot, and ho machinery trade of - the United States and nearly a hundred cotton and woolen mills have their head of fices in Boston,.th9 commercial anua tlon W the country at larjre 1 usually accurately - reffected here, - New Eng land banks stood the financial strain better , than - inatituUdns in other aec UoM, only three bank being compell ed to closei Of these one has resumed and a second is making arrangements to do-.ioir.lt i 'generally.- admitted that the financial outlook la brighten ' Aa a natural outcome of - the finan cial disturbances New; England-: In dustries are being conducted cautious ly and a nolicv of curtailment and re duction of, expense has been adopted la praetteaAly all branches of trade., i Many manufacturers regard it ad visable to restrict the Output in order td prevent a slump In prices 'and exeat surplua of goods tn. the' spring. Curtailment is general amonsr New Endand woolen mills, many of which are running but four days a week, - It is estimated that 80,000 hands are af fected In the woolen trade by the ehort time. - . ? Th machine stiop, chair "factories and ahe factories have also been re strlctlng. tha output, but the hoe fac torles are gradually goins; on full time a?atn, as thst Industry hows more Improvement tnan most or the -others. ; Hundreds t of : establishments : will taV advantage , at, the holiday week end do in part or entirely.' Nearly all wUI resume work next week.- - ; Whn a 1 gTftdnal Improvement ? is looked hr W-lKI It l rtlrnated'tbst from 800.000 to IRO.000 employes of New F?land Industries will be on a hort time basin dutln the part f the yeae. This nnmHer will be an increase bnt . 125.000 wr the hnmber affected lat week, due to the arranirtment now being made by cot ton inufactiirer to curtail the Out nut ? 5 nr cent, from Cjhrlstmas until March 1st. ' Kansas k city's .nrronsiATiox Jndwi'Wsl'ep'' I)etrnlrtl to fak ! People on-J It U PoiwlMe AH'H'lr J.1t- Indictments IJt I. mc a Retmcn Kanis Cltv, Mo '.7. Jnde Wil- liBni 11, Wsllace. of the JacknoR cr'inty criminal court, -who lies betn crediied wltlv .''stnrtinar the Sunday observance movrmont In Kansas City that now has become widespread. t;-dny iHgii'd a etntement -on his. interpremtion cf the Mlourl lnw that he Is pet-king to. enforce.-' ; : - - - - . As .a result tt . Jii-V- ,v,ora-e's. cm-I'-hihii, lufi county "praii.l ) ny l.ri biiite a-Ttember th returnod 1.1'. 1 Indict mnu Cu;rd3 e"i:nst rust and decay. v Trotects your buildings. " Defies tie , elemita. ' ; The rioneer readyto lay roofing-. ALWAYS OX TOP. v !3 r; OTTOrj nACIIIfJERY TAUNTON nnRFIJ -NS MASS LAP MACQ'ES t SOUTHERN OFFICE i - ' - - - EDWIN HOWARD, AGCNT. against violators of the Sunday law and forced hundreds of shopkeepers to closu their places of business on that day. The grand Jury Is still, in session end the Judge says he will not cease his efforts untit the law is -respected to the letter. judge. Wallace In ma statement eays: ; "It la a. mislalc tn minima that th Sabbath la purely a religious institution ana met its enforced observance is . ror the benefit, of the church. ' Justice Field, to ions a member of our United States Supreme. Court, was right when a one of the supreme judges of California he declared tbat Sunday law are' enacted primarily for the protection of labor. We cannot wonder, therefore, that men who work for wages In all the departments of bumaA Indnstrr" are .tending in the unanimous endorsement of the labor un ions to which they belong.' Nor should we wonder that avarice is turning Its guns upon' the friends of Sunday observance. It can on Sunday jrlut 4t ravenous t.aw with more of the wages than hftve been paid the laborer than on any other three days of the . week combined. The Gun day theatre, as rich a harvest aa the Sunday saloon, Is proof of this fact.' -"Upon the two doctrine that the con stitution of man require and the Word of Qod commands one day tn seven as a day . of rest are grounded the 'Sunday statutes of the several States of tne Un ion. With rarest exceptions our Judicial decisions, whoso-name is legion, rest on precisely the same foundation. .' Ministers and priests could not have pronounced the Sabbath more sacred than ' have - the Judges. ' Sunday laws have been declared constitutional ey pracucauy every, ruaie In the Union. The Supreme Court e-f the United States, Justice Brewer rendering tha onlnlon. hss decided that we are a religious people and that. Christianity Is part pf our law. . - t "As to tho progress of Sunday closing in Kansas Cfty,- when the grand Jury was convened here In - September' last over too retail groceries were open on ElilllUUt.lVVII. luv; ia viwv. barber shoD in the city Is closed. Retail merchants have closed with the exception of a few who observe soma other day as nunaay, a permitted oy our iaiuies, Tha J.flOO nlace : where cigars and to bacco were formerly sold are obeying the law. excepting1 now and then a clande stine sale. Only three poof halls and theatres defy the law -and two of the latter have recently closed. -The credit for this result is due largely to a grand jury composed, of fearless, magnificent men." - , . , " VARIETY OF MORGANTOJI. SfEWS. Play Was So Well Liked It is to Be lTescntea ' , A train statement ? or Banks Show Them to Be in Tiptop Sliapc Carnegie library l " Rutli erford ' Colleff9 Kow ; Completed Bear Plentiful About Table Rock. . Special to The Observer. f-- Morganton.' Dec, , S2. -The "Pees- trlct Skul, which was presented.- in the auditorium; here some' time ago by 'local talent, was such a signal suc cess that by request its wilt again be given during the holldays.f .S.? "s A The. Christmas spirit la on ana tne streets yet-terday, and last night, were thronged' . with H holiday shoppers. Moreanton's Contingent di young peo ple who are away attending the sev eral schools ana colleges oi tne atate are all , at home wearing .their) ; fra ternity pins and college colors ? and help to add'to the gaiety of ih9t oc casion. The different Industrial n- ternrlsea . all closed . down :; yesterday for a week's vacation and the work- . - . iii.i. i. logman, too, ltWHn jnonejr ii ib. j? ww happyvH''i':.'.: 'r'.!'i H-yV'vv r.', Roth f Moreanton's well-regulated bank made A; etatement Mast week which is at once gratifyiits' and satis factory. . They show deposits amount ing to more than J250.000. Scrip has not been .resorted to and at no time have they felt the effect of .the tight money- market so prevalent . elsewhere. Rev. C. F. Shernu, im new mem odist presiding elder, preached his first sermon In the Methodist church here to-night and will i hold ; the Quarterly conference to-morrow. ; -rMr. Sherrlil has-reeently moved hut - family , from Waynesville to Rutherford. ColJetfe, A. man In town yesterday from the Table Rock section, some sixteen miles from here, says that Dears are plenti ful up there and that within the past two weeks five good-sized black bears Viav been alauahtered.rSeveral of the loeii ntmrodii jroni this city have been up there In quest of brum this winter, but he ha so far eluded them, and should ; Roosevelt: takX notion to come down (they, would doubtlesa to Into winter iuarter Tight away. iri ': Bev. W. F.. Holllngsworth and fam ily have gone to Ooldsboro to spend the holiday with Mr. and Mr. M, B. . Misses Camlle Clay well and Mary ; Burtln Presnell will spend Christmas in Washington with friends, and MIhs Klols Efwln will visit her sister, Mra Ft M. taxton. In Atlanta. . The. Carnegie Library at Rutherford College has ,hen completed! and wi:l be formally presented to the tollege on the evening or January mtn. Tne presentation, uneech will be ms-le' by Ju.lge .T. C. Pritchard. of Aiheviil. who will be Introduced-by, Mr; C. T. McKfs'x'n. of Morganton. lECTRrS, FlR3f BANKRUPT. A "Tcmnoerv ' P'cciv' Arofvt M fJnrlirl' Todv TVr W-kfleld rirl- wort Comrmny A Week's -lnrj n firmPv iTwnu'.ii ot T-..R. D. Wa.-lbuni Filed Tor Pro. ' bit. . ', Sneclul to The Observer: " . Greensboro, Dec, Z2.King & Kern ball, attorneys for a number of crcd' tors, filed an involuntary; Ptltton in bankruptcy1 before Judge James E. Koyd In United -'State Court lan evenin ee.tlnut the..Wake?ell Hard- ware Company, and Jude Biyd ed an ori'r. anrnint'.nar Mr. C. Var.s:ory ' t. : T'",-T' recover." ' Tl 1-e.tltlor.I.ny . c: tutors;... are -. Elmmors f se- wrc3:is I x r Supply Co. Greensboro, N C " FRAMES SON MULES LCC!.!S AT CHARLOTTE Hardware Company. ' of ' St. Louis: nerwln- wmiams. faint Company, . of d., aim uii vucu ' xiaru- ware Company, of Greensboro. ' An order was issued to show cause why a permanent receiver should not be ap pointed,, returnable before Judge Boyd December 26th.' -' - . - -a In their oar envelopes yesterday af ternoon i the employes t of , the , Cone Export and Commission .' Company found an extra week's salary as a Christmas, present from . their em' Dlovera. -; ' .i-w-'i-.-; f.i-,t$, The wall of the late Dr. R. C. Wh- .burn,, of Guilford Battle Ground, . baa been Wed for probate In the office of Superior Court Cleric; Ernest Clapp. By tha terms of the will. Miss Minnie Bryson. who was reared by 'Dr. Wash burn, is given S0O and the remainder is divided eauallv between his dauxh ter,, Abblo U Schenck, and his three grandchildren, a. daughter .and two sons ot-Mrs, Schenck. - The estate Is valued at 110,000. ; Mft J. W Scott and the Bdiithern ife and Tduat Company were named as .executors, ' - PRISON. BARS ARK SAWED. Three: 'Prisoners at Wlpston Try to . Escape But Their. Plans Are Brok- n Tj p-Pastor of Soathslde Baptist - citnrcn - Keatgns-THin cry .now ' Has a Patrol Wagon. ? - x ' ' - Special to The Observer. V ,; Wlnston-lem.-. Dec ' 22. Charles and Arthur Richardson, the two ne groes held by the city authorities on suspicion ' of being implicated in the attack upon . tha ; Guilford county farmers at. the corner of. Fifth and Depot "streets a few nights" ago, ; at tempted to Tnake Ihelr escape ' from the city prison yesterday afternoon by sawing three of the prison bars. The bars were " clit nearly- In two when ,their plans were found out and flua- trated. .Te prisoners were taken out and searched, but no saw or knife could be found on. 'them. It is thought that they slipped the Instrument to another prisoner in an adjoining cell .i Rev. A. U Betts has resigned the pastorate of . the Southaide ' Baptist church, of which he has been -pastor for the-past three years, in order to accept the call to the -pastorate of the Baptist ' churches at Stonevllle and Dan Valley near Madison. Rev. Mr. Betta will continue as pastor of the Baptist churches at Waughtown and Kern ersville, . The congregation of Boutin side church has not. taken any action in regard to calling another pastor. 'The Winston patrol wagon.' a ve hide that has been long needed, was run' out yesterday afternoon.1 Jt was brought from the factory of th Win ston Vehicle Company-about 5 o'clock yesterday afternoon and given Its first trip, m Mayor O, B. Eaton, Dr. E. A Lockett, the city physician, and Turn key Edward Rothrock were the first to ride in the vehicle. The wagon created considerable excitement as it passed through, the city. It was hot used last Aight, though it was carried out on one calL It l expected that me wagon win come in very iiauujr during the Christmas Holidays. tJ tTiOM , MTTCHEIjL'S CAPITAL.' New Court . House WUI Be Flninlwd by April and WUI Be a Credit to the - Connty A Movement StHtied For a Hotel For naVersville Mlra Mines Being Developed as If Tiiere Had Never Been Any mnic. . . . Mr, E. P. Warlick. of Burke County. Special to The Observer. , akersvllle. Dec. 22: The work on the new court house Is proaresMng nlCKly, and the cc-ntractor will doubtless have It eomnleted for-the Aoril term of court When completed It will be a magnificent building an a credit to Mltoliell county. The .i neonle . hereabouts are becoming more public spirited and are spending a xreai aea l or money on iiie tuhus ui iuo tonntv. Publle imnrovements will event ually shows that .Mitchell Is one of the leading counties In the State. , Already she leads ht' the mien, and timler indus trv. and then is no telllna the amount of iron and other valuable minerals that lie bidden beneath her surface. . There is a movement on foot to erect i lame hotel in this UtU mountain ovtit. end if this movement should materially Uakersvllle is destined to Become one ot th arfltAst summer resorts In the south. The climate l siinero nnd thi mountain water is unexcelled. Parties who comt tn this town and eouney are favorably Impressed with the strrroundlngsv. and aa a reemt tnere -are iiviiik m iwvtnu families from the North and various oth- r narta at th country. --'.-' , Mr, Uenry T. Melonev and ' wif, iif t!lclimond. Va. have recently purchased Prnfeminr .Wlnaa nnmerty at ldrr. nnd will make that place their' summer bom, - - . . Mica mlnei ere being developed all ever the county acd einingly the panls has not strucK Mitchell. . , Object. to-Federal Injunrtions. ; New Orleans etates. ' Air of the recent troubles between the state authorities in the . South and the Federal courts bave grown out of the haste, we might sav the indecent haste, with which the latter . nave in tne inierc!t or "great corpor I atlons aissumcd the Tight to suspend 1 tho operation of State laws. There I would have been no ccalon for an - J friction had the raIlron5s flm nought - . relief In tlie'gtate courrs, and sought Federal redreiw only in event of ftll ure before the Plate tribunals. The people In the South and .Wet are arouaed to a pitch inhere thoy will not much loger stand for the whole. M.'eile su.pen;lon of the Isw of th! 9 ! f";!-' by I-1cral cv.rts of mlnnr rlaaictlon. , ioni Revolving Flat Card. J Railway Heads, 4 ' Drawiny; Frames, 5plnninjr Frames, Twisters and Spoolers Qulllers and Reels, . Looms,; ,' t ; ' C0MBi:R5 , - ETC., ETC STANDARD TERM POUCIES :i tQUITACLE Hit ASSURANCE SOCIETY Annual premium to Secure 1,000 If Death Occurs Within the' Period Named I , Yearly Re- newable ' v Term Kate ' ' r Amount . AGE 18 Teara 20 Tears 11000 . 'AGE r ... , v Successive , annual 'si' .; ' JPremluma . 21. 11.61 I 12.05 11.88 21 22 IMS 12.23 i 11-48 22 "28 11.88 12.88 - 11.58 28, 84 12.03 12.58 . 11.70; 24 ;;- 1218 J8.78 . 11.88 ' 21 2i 12.35 18.01. ' 11.88 ' 28 ,27 12.62 18-75 '12.10 27 28 .12.71 13.51 , 12..25 28 ,29' 12.81 13.80 .12 42 2 50 13.12 14.11 12 68 , ' 30. -81 13.88 14.46 . 12 77 , 31 82 ,13.81 14.84 12.87 ; 83 88 18.88 16.28 13.18 - 82 34 14.18 15.72 13.41 ' 34 8R ,14.50 18.24 13.65 88 3 I4 86 18.81 13.82 36 37 15.24 17.44 . 14.20 " 37 IS , 15.68 18.14 ' 14 62 88 29 16.13 18.90 . 14.85 36 40 16.65 ,18.76 16.22 v 40 41 17.22 20.69 - 15.61 41 42 17.87V 81,78 ' 16.04 42 48 18.59 '28.87 ' 16.50 43 ,44 19.39 24.13 17.03 44 45 .20.28 25.52 17.60 45 46 21.27 27.04 18.24 46 47 22.88 28.71 18.94 47 4S 23.61 80.54 19.74 48 49 24.87 82.54 " 20.65 49 60 26.47 84 73 : 21.67 60 51 28.13 37.10 : 22.80 61 62 29.96 89.68 24. 05 - 63 63 81.97 "42.47 25.42 63 64 84.17 45.47 26 96 . 64 '55 8660 48.71 ,28.63 65 66 89.26 62.17 . 30.48 ' 66 57 42.18 65.68 32.52 67 66 45.88 59.88 4.76 . 58 1 48.89 64.10 ..37.23..' 59' 60 , 52.72 68.63 39.95 60 :61 -.'.. 'a '42.94 'i 61 62 ' ..... 46.23 ' 62 63 , . ,.ti ' 49.82 ' J 64 ..... 63.77 64 Write, 'Phon or Call "l W. J; RODDEY, Mgr., Ilock Hill, S. C. " ' TAFT IXFOmiS HIMSELF. Has a Conference With His Campaign .Manager, Aimur i. vorys, to l7?arn Present Political Situation. Washinarton. tZc. Jl A conferenra was held here to-day between Secre tary of arTaft and his campaign mansf er, Arthur I. Vorys, of Ohio, at which the present situation generally was discussed.- Mr. Vorys arrived at art early hour to-day from Columbus. u., ana pent . several hours with Secretary Taft at the latter's . resi dence. Beynd the statement that ha reviewed with Mr. Taft generallv whait had transpired in the field of politics alnce the Secretary's absence 01 hla trio around the wnrld. Mr Vorys declined lo talk. ffe win tt. turn, to 0 Wo to-morrow, but .in the meantime he experts to talk over t Taft movemerU with political leader nere. flecretary Taft left Washington nt p. m.;over -he Baltimore A Ohm Ifallroad for Cincinnati. ; where s h goes to riuallfy an executor of the estate of hla mother, who died re cently. ' - ii FRANK P. MILBURN tt Ctt ARCHITECTS ' WASlUXCTOIf. o. a ?JC6Hcgc..;' Annuals ':.v;anfJr'-v'-, Catalogues '" Let . furnlah you with ; somethlna new in the Col lege Annual line this year.' With' bur new , equlpmentr ; type, presses, etc., we are fully prepared, to give you. something entirely different from that which you have ' , heretofore "been using. If - you want something speci ally' attractive, see the - ossmvm . CirUlLOTTE, X, C. i ' Thone 121. Slubbers, Roving Frame . tntermedUiteSt Jack Frame HIGH-GRADE SPINDLE LOOM, , ENGINE, AND ; VALVr. ma Scontve Keh Oils end Grease. Lnbrt Greases. Beady-Mixed Paints.' Cold ' Water Paints. AsenU Wattles Prasslne Compound. , . , ceo. b; hiss oil co. J. SPENCER TURNER GO. COMMISSION MERCHANTS , ' : OFflCESt : Wew Tork. PhUadclphla. Chlcafo. St Louis, London. Eejian V Yarns and Cotton Piece Goods. ' . . 1 JENCKES SPINNING ,CO. i COTTON 1MRNS ' - Main Otficet ' PAWTVOKET. B. L READ IP TOU BATS TO SELL, If yea have houses or stores to 'rati. . ' . . ; ' trouble and worry. ::', -r'-.. - The place to insure your property Is 1a this agency. R. E. Gochrane. : '...v Insnraaco and Ileal Estate AgenC ' - PAULSON, LINKROUM &, CO B7-M LEOXAJRD STREKT 130 aicsTNirr strket MARKI5T RTRm ;VilliamB. Charles Offloca - Charlotts, N. CU Beaton. v Mala Ofdco Amsterdam. . V. Did Dorainioi" and "Pltoznix" Portland Cemenfs, the best brands made. - We can W -n i e"Vl - ft, j i . v t ' i tv..-, - ' save you money and give you betler Cement under , h - l - - N , J, ,- , these brands than obtainable elsewhere. Let us quote you ." delivered at your station. Carolina Portland Cement . Co. Sole Distributers. HOOK AND ROGER3 '" f ' l MMaS ' r ARCHITECTS-- ; , r esaasasnBsns v cnAni.orrE a cnEEssnortaxc. HUBBARD BR03. it CO., UA.NOVER SQTJAIUZ, KEW YORK. MEMBERS OF Mew Tork Cotton Ea ebange, New Orleans Cotton E ensnge, Associate' Members Live pool Cotton Eichsnaa. .- OROtttta SOUCITKT For the Vf cnaas ana sals er cotton tor lu'ure delivery. . Correspondence Invited. LEONARD L. HUITTER ARCHITECT. , nfth ooc. Traat Bldg. Tboae lie. : ,'ClIAB.MrITn. V. O. ' ' 5 DR. a L. ALEJlAlIDLR . DENTIST. J CAIISOX BUILDIXO . Sontheeat Corner 'rorRxu axd TiiroN stkeetk Charlotta. N. C. rtoae VU A. D. GALIIELD & BF.0., , cc::i:r::oN McrxitsNTa, C3?3 Leonard Elrcct, SXTt? Cr.' .. ' - T Tuf a;- ... i.j Automatic Fec-crj, 1 . v , Openers and Trur.!:, Breaker, Interne Jiite c . Finisher Lappers, , KirschnerCrrdlng Dcatc: ' Thread Extractors, Waste Plckerj, etc s , , Raw Stock Dryers ETC ETC. ! ' Philadelphia Offices - , Mariner A Merchant BaltfisTaV ' W. A. SPRIXISST. Uaasxee. -J THIS LIST IT IN THIS OFFER , ; let me do- your collecting and ear kew Tonst PHILADFT.rm. i cnioAiMi COTTOK YARXS, COTTON CQOPl AKD COTTOSr WASTE. - Maaa and Amsterdam. N . T. - Charleston; S. 0. JAMES E. MITCHELL CO. COM3UBMOX MEUCUA.NTsw Cotton Yarns and Cotv.-a t K ' - , Cloths. ; ' ' ' CONSIGNMENTS SOUCITEO. Philadelphia. 123 und U CUcstButl Bosto. 185 Summer . "". few York. Xo. Leonard Li. Doaarlwue. S a Trios Si. HUGH MACRAE b CD, r v":; Bankers T aflaccMaiuwns Southern feco- WILMIXGTON. K. C. Washington. D. C, 40S ColoraJo tt.'i Cotton Ilill Ctocl. , , Manufacturer and Jobbers rtennenilv aud It necessary tt have Banking lacllitles hi dltlou to those offered by lxi 1 banks. - . - --.TH5 ,' . first I::'.::::! f: I,0Q3,C I .TIM' 1 ( J 1 i
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 23, 1907, edition 1
9
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