19
CHAELOTTE DAILY, OBSERVER, SEPTEMBER 21. 1903. r ;T . r. :.
Financial? and-Commercial
XUEWB' FINAXCL4.L 40ETTER.
, ' - v , . ; , ;'; '
r Correspordence ot The 'Observer, if - T
New York.' ;'SepV .-Tha '.recent- reac
V lloRo'f ttsrlce wa not entirely uu
f expected-Prlce had indergono pro
V: longed and too Violent an advance, i In
' lae Jeadl;ig hares" practically all the
: panic losses bad beety wfped out, and In
'-VmanR Instances price Vera, not -only the
' - "highest line May, 1907. but he highest
: on record, . and bad' risen- fully 50. to ift
"J-polnte and over 'in the first stent moafha
of 1W8. The time, therefore, was rtpe for
, . reactlott, aad only waited upon the turn
iy of events. The big ; boldars , had . been
quietly realising, and While only.partlal
it 'iy lucoeMful In disposing of their surplus
holdings, apparently recognised"- that the
advance had been pushed aa far as pos
'.1 slbls for the time being. Thla change In
i attitude of' the speculative' leaders waa,
" In fact, quite marked. Unnecessary atreaa
. - waa laid upon the political situation, and
,-V though there waa nothing disturbing in
. thla sTMpeot atlll it suited aotna ot the
VK' leaders" to take pessimistic political views.
', agalnai stocks
wouia -cneca - political
apathy -and be a good market maneuver
Y-r' the same time. , ?.
, But quite apart from these motives
. the market was unquestionably too high;
;f - '"the advance had been too rapid and had
'"..,overdiscounted the return "of prosperity,
fjV' especially aa the latter had not by any
, . mean equaled expectations'. In one very
'? important respect hopes have not been
V "-iully realised, and thla Is In ' regard to
7 v, crops'the early estimates of cotton, corn
and wheat hawing all. been materially
'"' reduced by crop defaeloratlon. v At , one
time -the promise waa for aeom crop
- Of J,72.e00.00O bushels sd "730,000,000 bu-.
": shets ol wheat, The last government re
' , ports, however. indicated a yield of tBM.-
W.OOO bushela ef ,corn -and' only 668,000.000
.'. bushela of wheal! Both .crops are likely
" : te exceed last 'year, yet v a reduction of
V; 180,000.000 bushels in estimates of corn an
., . O.OOO.Oqp in wheat must exert aome effect
! - . upon .values In general. . When gTaln ad
' vances atocka often decline. The cotton
crop ha also suffered some reduction In
the earner calculations of yield, and the
... ' sharp decline In this great staple, which;
- v -1 selling nearly 8c. below last year, must
v ' compel a :modifestlon of the unreason'
' able optlfplam wjilch .prevailed In somei
quarters, on tne otner nana, prices r
'. wheat and corn are profitable and likely
. -to be well sustained, sines the world's
X. supply 'of cereals Is relatively ehort and
' there la sfcre to be a good foreign demand
1 fw all we haVe to rpsre. All this means
high' prices and prosperity to the Western
.farmer, who will i-mlte complacently aa
' jS the Eautefr consumer unwillingly pays
' high prices for nearly alUfood products.
,t ? The Southern planter, however, is leas
favol-ed, because his crop is not likely to
be aa largo as expected; yet he will be
compelled to eccept low prices owing to
the depressed condition of-the cotton in
dustry and at home. Facta such as these
5 ' cannot Ve Ignored and will necessitate
aome discrimination in, the purchase of
stocks, notwithstanding )hat the money
value of our crops as a whole will be
"? much larger than a year ago.
Another iactor In checking the rise In
atocka was a turn ii-b.e money market.
Call loan rotes have been slightly higher,
and the demand lor currency from the
." Interior tends t to. cluck the accumulation
' of funda at this centre. The strength of
''- foreign exchange and rumors of gold ex-
' ports also had a slightly drfpreealrtg ef-
v feet. ' Nevertheless there Is nothing lnhe
"monetary fituatlon to cause- uneasiness.
We could readily Spare a few millions
to Europe to assist a. Russian loan or
any ether la;itlmate transactlopj and a
r stiffening of local money rates would
; really be beneficial if it discouraged ex
cessive and unhealthy speculation. The
Present great ease in ' money is chiefly
v'- due to business Inertia and must be con-
3 Sldefed a symptom of debility rather than
of good health; so that' dearer money,
provided It reeuUed from a better mer-
eantlie dmand, is a end devoutly de
' sired, just now and Would be far prefer-
ableio an abnormal ease which foster
J1, nothing but dangeroua inflation. It Is
"if very algniflcant that the clearing house
' banks of this city now report loans of
i 11.126,009,00. There lias been a steady
rise in this Item since .October 10th, the
V lowest point, when loans aggregated
tl.076,000.000. An Increase of $250,000,000 in
less than, twelve months at a time of
; business depression la highly suggestive,
. for it proves that cheap money has been
utilised for stork market manipulation
v rather than for legitimate commercial or
,.. industrial purposes. Here is inflation
-. js.pure- aud simple, aggravated by an ex
y '''pension in circulation when the latter
J ' Would be contracting If we had a modern
currency system.
August foreign commerce returns were
disappointing in some respects. Total Im
ports amounted to only 91. 250,000, a de
. crease of $34,500,000 compared with last
year. Exports reached about $110, 400,000,
si loss of $16,800,000. These figures forcibly
illustrate our, Impaired purchasing pow
' ers. yet they mr without their' com-
pensatlons. , In the flrsVplaos they leave
us with an excess of exports amounting
. to $19,0,C' against IL4O0.W0 In lSKrt, and
show that me are strengthening our
. credit abroad. They also show that we
' - rare steadily recovering . irora depression,
since both exports and Imports In Au-
gust-showed much larger gains over July
-tthanf lrt 107. Moreover, -there Is nothing
. ,V in these returns likely to encourage gold
. exports, which If they come will be due
! to, special" end not regular Influences.
. . Europe has been a seller of our securi-
tle, but not to an extent sufficient to
..: ' warrant the prearot firmness of foreign
.. exchange; and should the' market decline
- The general outlook of the market carief!, , .Z14, nd a not Pr-
w ... ...i 1 mlf inn 1 1 sit rM a 1 n4 & a h k aki - .
- net be called satisfactory, the tendency
. seemingly being towards. lower prices.
Briefly stated the situation 14 this: A f
- ter a- rise lasting several morithe. which
overdlsoounted all possible business re-
' -covery, a reaction was due. Th panie
has been more severe In Its effects, e"Pe-
- daily upon thA' railroads, than was expected.-
General business though lm-
" proving, has not-rallied as promptly or
- 'as fully as waa expected; nor have the
- crops met early calculations, even though
' -they turn out betten than last year. It
becomes necessary, therefore, 'to modify
those extravagant expectations which
had so much to do with the spring and
jL aummer rise. : It must also be remember
that, this phenomenal advance would
'- have been absolutely Impossible but. for
N -abnormally cheap money, which meant
desr stocks and Inflation for which there
Is usually a penalty some day. Again we
are now In the height, o4 a presidential
- campaign;-ami though there is nothing
seriously disturbing In the present con
test It affords no material on which to
' prolong the late" bull market. The tariff
Is sure to be a subject of active discus
sion and that la not quieting to business
Interests. Besides uncertainty Is always
unsettling and It may be good politics
to give tba market a scare, which can be
- - readily and profitably done If it hapens to
coincide with the plans of the chief 'mar-
' "ket manipulators. For some time to
come both prudence and discrimination
will be necessary in the buying of stocks;
fluctuations, however, will be wide and
- frequent until ,fter the election, thereby
making It a good, quick trading market.
" - : HENRY CLEWS.
A clever, popular Canay Cold Cure
Tablet callei PrevenUce Is being . dis
pensed by aTugatat everywhere In a few
hnurs, Preventlc are A to break any
cold completely. And PrevenUce. being
so (e and toothsome, are very fine for
children. No Quinine, no laxative, noth
ing harsh nor sK-kening. Box Of 1iZiC
Sold by Mulien'a Pharmacy.
V A"
. yiXAXCIAL REtlEW. . ;.
' -New'Tork1. 8ep. . The pronounced re
actionary tone which - developed In the
securities market Ut week waa general
ly attributed to what the financial dis
trict called a "political scare." Aer
the result of the Maine election became
known Tuesday, the struggle to maintain
prices became manifest. The special force
given n the ""political acare'wa due
to the influential financial, sources which
gave ltu countenance.' E. H. Harriwan
and James i. Hill, newiy returned from
prolonged staye in Ihs Wess) gave, public
utterance to views expressing a feeling
of doubt over the outcome of tthe elec
rpn and dlssatisf action, with the languid
interest, la -the campaign manifested by
voters. Coupled with this tone f ad
monition sgalnat fha assumptions current
In WaD Street en the politics 1 situation
were other circumstances which intensi
fied the impression that these accepted
financial authorities found something to
criticise in the course to which the spec
utation has run. This Impression was de
olsive in checking the speculative opera
tions for an advance and in precipitating
liquidation. Daring Mr. Harriman's ' re
tirement in the Oregon forest speculation
has centred around hie personality, to
degree rarely witnessed In the stock mar-
ket. The connection of bis name in how
ever remote a degree with any property
hs served to stimulate an animated spec
ulation In Its sshares and to stir up a
cloud of rumors and suppositions .'as to
his plans regarding the property. Upon
his return to the financial district Mr.
Ha trim n called In the . newspaper men
and bluntly denied many ef the rumors
which has been In circulation regarding
his properties and his plans. This action
cut the ground from under the specula
tive position o fthe moat active element
In the market operations and Implied the
disapproval of the man credited with
lending all his power and influence to the
movement.
When it wasvrealiied that the suppos
ed responsibility for the course of the
market was being practloayy disavowed
there was a quick turn to more atten
tive consideration of some of the unfa
vorable factora in th situation. Amongst
these it was not lost 'sight of. that enor
mous obligations for caUkloaris. ' presum
ably employed in market Vjerat Ions, were
controlled by the financial Institutions
holding close relations with- the wealthy
group credited with the leadership in the
stock market. The dependence of the
speculative position upon this relation
was a cause of uneasiness, This was ag
gravated by trie course of the money
market. Tb process of piling up idle re
serve in the New Tork banks manifestly
bad come to a pause with the beginning
of the flow Of Currency out of New Tork
bank reserves -and into Western aad
Southern channels of trade. ' The persis
tent firmness of the foreign exchange
market in face of all the conditions mak
ing for New Tork control of the ex
changes kept alive discission of gold ex
ports and gave warning of the burden of
keeping up securities prices av a level
which was attracting foreign holdings to
the home market '
Railroad earnings were so far from
showing the hoped-for recovery that divi
dend prospects came In tor revived dis
cussion. This dfscusalon bore with spe
cial weight on the great systems which
made the largest Issues of new stock Just
previous to the financial depression, espe
cially Great Northern, Northern Pacific
and St. jPaul. The slowness of the re
covery In the Iron and steel trades, which
has been the object of constant remark,
was reported to be emphasized, ' and fur
ther reductions in the price of copper .ex
tended the unfavorable influence Into
other fields of the metal industry. The
anxiety over the drought was but partly
relieved by the anjount of prectnltatlon,
and a decrease in the ultimate' yield is
taken Into the reckoning.
GKRMAJTF3 GREAT VTTAMTT..
Tests Show the Country Teeming
With Life and Strength.
Chicago, Journal. (
The recorda of Vital statistics In the
German empire are so complete and
accurate that they may be taken as
authority upon the movement of the
population. According to these re
ports, there were il.QS4.71B births In
1906 and 1,174.4(4 deaths. The mar
gin on the side of life was, in round
figures, 910.000. ' ,
This is a 'remarkable surplus-In a
Country so old and so densely populat
ed as Germany. It l nrohnhiv th
("largest excess of births 'over deaths
wniure is 10 ds rouna in any country
of the world among a white' popula
tion of practically ow race, with the
Single exception of Russia.
The vital statistics -of the United
States are so Incomplete that It is
Impossible to determine the normal
excess of births over deaths, but it ta
probably .tegs than the German aver
age of 900,000 a year, although the
population of this country Is fully
25.000,000 greater than that of Ger
many. .
The German empire loses little of
this natural increase by emigration.
The demand for labor hav been so
strong In Germony that the gain by
Inflow from other European countries
has- fully Nofret moderate loses
through the outward , movement to
America and other countries lean fully
occupied and developed. Every teat
shows that Germany 1 extremely
virile, teeming with life and strength,
all of the elements of progress.
Remarkable aa has been their ma.
terlal growth, the German people pre-
mlt Industrial ant , com mnma 1 nvn-
gresl' to lessen their devotion to
music, art, literature and learning.
And this is really the finest phase of
German greatness.
-..
LEPKH lljb BB HEMOVXDi
Xot to Remain Isolated on the East-
" r- ern Branch.
Washington Herald!
Whether John R. Early, the leper,
wlir spend the remainder of his days
in the District, still rests in the hands
Of Corporation Counsel Thomas.' . .-
2io decision aa to whether the Dis
trict of Columbia win file suit In the
Supreme'Court of the United States to
compel the gtate of North Carolina to
accept Early -within-Ita bounds, has
been reached, by th legal counsel of
the commissioners..
Health office physicians said.' last
night, that If Early remains In the
District; a frame house equipped
with all modern Improvements, will
be erected tor him. ' That H la Im
probable Early will live where 'his
Isolated tent Is now pitched, was the
assertion made by one cf the. District
physicians. Where the house wlrl .be
Built has not yet been determined,
bat it la understood the structure will
be erected lit the leas densely popu
lated section of th northwestern part
of the city.- , ; - . ".v-:-v '
. A pleasing, good, high-grade, truly fla.
vored. amber colored cup of coffee can be
had end without the real Oiffee dangr,
or damage to lwUh-by almnly using Dr.
Whoop's - new eurnKltuta, .- railed "Health
Coffee." Pure, wholesome, 1ted cereals,
malt, nuts. etc.. male Dr. fthoop-a Health
forte both'healtbll and mulsfyrng. No
H) to 20 minute iioiis bnilina. "Mtfli hi
a minute. says Dr. Shootv If served aa
coffee. It' taste will evn trk-k an ex
Pri. Test It and see. MUler-Van Neas
c -':.'"--- -
You can secure any part of the 4 Machinery th this
( . mill, which ve are disposing of very rapidly.
It is in splendid 'condition' ; -.; ' ;
A fine chance for those who are balancing their
r r equipment, wnile business is temporarily quiet.
It Will Pay:Yoi
GREENSBORO
GRBBNSBORO, N. e.
jDRAW!N9
MASON
MACHINE Work g
OTTOrj MACHINERY
TAUNTON,
MMRFM .- s. MASS.
LAP MACHINES
SOUTHERN OFFICE AT CHARLOTTE
. CPWrft HOWARD, AQfNT.
MILLS AND MARKETS
IS FAVOR OF A MERGER.
Members of Two Great Cotton' Mano-
'fcturing AseocUtlons rhvor ma
Amalgamation American Cotton
Man ul a-t ureru' Association Name
buggetited.
By the overwhelming vote of IJT to
88, those rnembexs.of the National
Association of Cotton Manufacturers
and the American Cotton Manu
facturers' Association expressing
themselves in response to th call of
The Textile Vorld Record, voiced
the belii-f that the two great textile
associations of the country should be
merged. By a substantial .majority
they voted also t6 have two meetings
a year rather than one. - The name
of the great 'Southern body, the
American Cotton Manufacturers' As
sociation. was the one suggested for
the unltad body.
It will be recalled tiat several weeks
ago The Textile World Record aent
out to all, the members of the Ameri
can Cotton Manufacturers' Associa
tion and the National Association of
Cotton Manufacturers cards which
bore three questions, answers to
which wore requested. These ques
tions were:
1. Are you in favor of the union
of the two associations?
2. Are' you in favor of only one
annual convention or of two semi
annual conventions?
S. Have you any choice of name
for the united association?
Responses were received from 634
members of the two associations. In
response to the first question, 427
answered In favor of the merger, 88
oppasedi it . and 19 expressed no
preference. To th second question,
178 favored one meeting 287 favored
two and 4 9 expressed no choice. To
the third question, 241 expressed no
choice as to name, whereas 190
favored one of a half-doxeji sug
gested. Sixty-three favorea tne name
of the American Cotton Manu
facturers' Association; 87 favored the
name of the great Northern body,
the National Association of Cotton
Manufacturers; 2 2 desired that the
nam be the American-National Cot
ton Manufacturers' Association, while
others suggested various and sundry
titles. ,
vina- the article, Th
Textile Worid Record printed letters
from the more prominent rnui
North and gouth. Mr. R. M. Mlllr.
Jr., , former president of th Ameri
can rnttnn Manufacturers' Associa
tion, and present president of th
North Carolina Association of Cotton
Manufacturers, expressed -himself as
opposed to the merger, although, as
he himself stated, while at the head
of. the great Southern body, he
favored It. No reason was assigned
iho heifef.that If the two
associations worked separate and distinct,-
that "H would be more de
sirable." y Mr. D. A. Tompkins, also -
1.4.,... Iha csouinerii
favored the union with two semi
annual meetings, one to "
the North and the other in the South
He declared that the South tadBlatt
associations which could attend te
all local matters arising and that the
merger would serve
ends of the two "c,clt'on" "'
than, th two separate bodies.
NKW CANADIAN MILI
Mount Itoyal Spinning Coa New 0,-
. 000 Spindle Plant.
Montreal Despatch. 17th.
Th Mount Royal Spinning Com
pany will begin manufacturing on th
frst of October. The mw- -mill la at
Cote St. Paul, a suburoot thla city on
the,Lachlne Canal and the 0
Trunk Railway. It 1 equ ppd with
(0,000 aplndlea and 1.200 looms. A
coon as the snow goes next work
will be begun on th
print works. 1 h meantime
the output - of th Cote -JK
Paul mill I to be gray cottons and
bag cloth. Tha mllr rank aa one of
the? flneat cotton mills In the Dominion,
being especially wide, and peculiarly
well lighted, with weaving rooma on
WTh"ttlpmeW' n"'Jlt: pu!
mill wll bring tip the total mber of
looms In Canadian cotton mills to 1,
132 and the nnnvber of aplndlea to
650 227. The eatabllshment of th
Mount Royal Company also brings Into
the cotton buslneaa a new Independent
concern, for hitherto fha market for
all cotton gooda made in Canada has
been In the hands rt. th DonUnlon
Textile Company. thelfontreal Cotton
Company and a. New Tork concern
which hat control of the duck mill at
Hamilton. Ontario, and lit Yarmouth,
Nova scoua. - oie- ,
gone out to retail ers In the MariUme
Provinces that control of what were
the Parity Mill t t. John. New
Brunswick now th tdosr mill In
Canada had been acquired- by the
Canadian Colored Cotton Company or
the Monice Interest,, which Is . domi
nant In that company so that now when
the Mount Royal Sptnnlng Company Is
about to begin business, the cfmtrol of
the cotton mills in the -provlncei of
New Brunswick. Nova Rcotia, Ontario
and 3-ebeo stand thus: , Canadian
Colored Cotton Conrpany lt,187
epindle and 4.281. looms; Dominion
Textile Company. JS.00 spindle and
8.801 looms; Montreal Cotton Com
tny. 200,008 aplndle. and ; 1,000
to Investigate.
SUPPLY CO.
SPIKXLKQ
FRAMES
MULES
LOOMS
looms; Mount Royal Spanning Com
pany, 60,000 spindles and 1,200 looms;
fpencer A Co., New York, 22.200
spindles and 250 looms.
NO MANCHURIA TRADE
American and Engnah Good to All
urtenta J&xcjuued A rem 31 an oh ur la.
One ef the best-posted and moat in
fluential manufacturers of the North
is quoted by- a correspondent of a
Charlotte mill man, the president of
one of the largest textile, corporations
in the South, as having remarked but
a few days ago that "this country, a
well as England, la now practically
excluded from Manchurlan trad
since Japanese occupancy." That this
is true in large measure few Informed
manufacturers Interested In the ex
port trade doubt. Continuing, this
correspondent says: "A friend, an
exporters of cotton goods, formerly
doing 220,000 worth of business with
Manchuria monthly, now does less
than 820. He says traveling men are
refused hotel and banking accommo
dations and In many ways so success
fully hindered that Americans and
Englishmen are to all intents ex
cluded." This Information will be of Interest
to many Southern mills. While th
news is distressing In the extreme
'along with it comes the report that
the, Mancheeter mills are likewise
affected. Incidentally it may be add
ed that the Manchester mills are suf
fering materially at this time, if the
statements appearing in the leading
textile and English trade Journals
are to be accepted as true.
PRODUCTION FOU 25 YEARS.
Interesting Compilation by Hubbard
Bros, on Acreage) and Cotton Pro
duction Since 1898.
In th little pamphlet entitled
"American Cotton Crop Movements,"
Just Issued by Hubbard Bros., one of
the most interesting features I the
compilation showing the acreage and
production for the past fifteen years.
The greatest acreage was In 1907-08,
which is given as 83,079,425; and the
smallest is In 1895-98, which la re
ported as being 17.768,000. The
largest and smallest productions were
witnessed during thrte years, respect
ively. The table showing the total
acreage and productions for the past
fifteen years Is herewith presented:
Acreage. Total Crop.
182-94 19,703.000 7.27,0OO
1894-95 J0.107.0lt0 9.893.000
M96-98 17.768.000 7.1M.00O
1898-97 20.058.000 S.714,000
1897- 98 A 2il.OS7.Olie 11.181.000
1898- 99 Z1.917.O0O 11,235.00(1
1899- 00 22,433.000 9.439,000
1900- 01 26.B34.0O0 10,426.000
1801-02 27.874,000 1 0,7(58.000
1902- 03 27.300.000 10,73,759
1903- 04 2S.996.784 10.002,029
1904- 05 S2.3tt.fl90 13.664.03
1905- 0X 28,808,415 11.232.847
1908-07 31.567,243 13,539,948
1907-08 83,079.425 11,441,269
Charlotte Cotton.
These prices upresenl figure! paid t
wasrons SeDtemOTr 18th.
Good middlings , . .... 9.15
Strict middling.., , I
Middling . 9
Charlotte Produce!
(Corrected by R. H. Field a Co.)
Butter ....
104918
1702S
Chickens Spring ....
Ducks ...
Eggs
Gees per head .. ..
Hen-per head ,
Turkeys per pound
20
.20922
toes
134114
r i Charlotte Grain.
(Corrected daily by Cocbrane-McLaugh
- i tin Co.)
Ry gf
Corn....... 1.06
Cottoa Seed a
Oats.,, ... a
Meal Seed ....
Cotton Seed Meal St
A .'CAXAL ZOJfE POPrL.TION.
Xearly fifty Nationalities Represent
. ed In Ita 50,000 ffouls,
Washington Dispatch.
Among the residents ct the Amer
ican son on th Isthmus of Panama
nearly fifty nationalities are repre
sented. Great Britain and Ita pos
sessions lead In the number of in
habitants, a table presented by the
latnmian Canal commission showing
that approximately 11,000 of th Ca
nal Zone residents are British sub
jects. - Of the 24,0(3 persons employ
ed by th Isthmian Canal Commission
and th Panama . Railroad
Company,. only 4.C6S are from
th UnlUd mate. while 11.
021 are from Great Britain or British
possessions. Of course, a majority
of th British cltiscns are from th
West Indies, and are In the etaas of
common laoorers. Th United States,
exclusive of Alaska, Porto Rico; and
Hawaii, la represented by a popula
tion of t.tlT. while France and Its
possessions 'a re represented by about
1,000; Panama by 11,411, Spain by
about 4.600, and the Philippines by
two. persona. - The total population
Is 60,001, . V V
la the first year of their existence
the four clubhouses established by
the Isthmian Canal Commission In the
Canal Zone demonntrated thrlr useful
Bess While the- clubhouses wer
planned to accommodate a member
ship of about 000 each, more than
1.000 canal employ availed iam-
COTTON MILL MACHINERY.
Mar Ol 10 Kl
OVTH THYOM ST..
CHAMLQTTg. N. O.
9
1
fttrolvtns Flat Cards,
- Railway Heads.
'Drawing Frame.
fptnnln; Frames
- Twisters and Spoolers
Quitters and Reels,
Looms,
, COMBERS o
ETC.. ETCv.
HUBBARD BROS. & CO.,
HANOVEB SQUARE, NEW YORK
MBMBKRS OF Nw York Cotton Ex
change. New Orleans cotton Ex
change, Associate Members Liver
pool Cotton Exchange.
ORDERS SOLICITED For the pur
chase and sale or cotton for future
d silvery. Correspondence Invited.
MECKLENBURG
IRONWORKS
CHARLOTTE, N. C.
Motors, Dynamos,
Alternating and
Direct Current.
'Any size and voltage.
Stock on hand.
We as? for orders.
CLING FAST
ffi PLASTER
"Second to None"
Saves you money and
gives you a better wall
than any other plaster
on the market. Only
one trial will convince
you. Ask us for prices
and booklet.
SIATKYWE PUSHR I (MNT CO.
Btateevllle, N. C.
ih Tn.mhrnhln nrlvlleae.
"VB . ... - . w - - -.
They contributed an average of $4,480
a month towards the operating ex
penses. During the eight month of
the fiscal year In which the libraries
were in use, 7J members withdrew
over 0.000 books. The clubhouses
are managed by the secretaries of the
Young Men's Christian Association.
11
HOW JOHN D. PLiVYS GOI.F.
Mighty Square About It A Dno-
J cratlc Traveler.
New Tork Sun.
The way Mr. Rockefeller goes at
golf Is characteristic. He takes It with
exceeding dellberatenese. as he does
everything elee: If h has any nr
vousness or temper hidden about hi
person, ' he does not show It sven on
the golf links.
-His movements, writes T. K.
Doubleday In Th World Work, ar
alow and careful and he pUys a goo
gam for a man who took It up e
late In life. A a rule he drives a good
bsll of say on hundred and sixty tr
eighty yards. ...
But If he should top hla drive Into
one of those spongy marshes which
often He In front of the tee for the
benefit -of. the unwary he doesn't put
down another ball and begin over
gain (forgetting very likely the
staeke and the penalty), but take his
niblick, goes Into th sticky slough
ef despond, makes the mud fly In all
directions, plays the ball out, and
keeps accurate count of the strokes
used. ' . ' . .
. If he drive Into th woods (and he
eeldom does he deliberately fixe
his stance to avoid it), he goes after
the ball, finds It. and plays It out, no
matter how many 'strokes it takes,
and when finally h arrive on th
green he puts the ball painstakingly
4.ia Vi hni. if hla last stroke covers
only two Inchea. Mr. Rockefeller play
. . , . . a t
scrupulously nonest goiir n svm
himself of go sllghtihg of the rules,
and thla is not a universal practice
with people who take a hundred or
nor stroke In going lghta holes.
As a traveler he is democratic In
general he use the same trains as the
rest, no private cars; and when, as I
often, the case In th South, there Is
no dining car.-he' goe to the sta
tion table and takes th restaurant
far with th other passengers. In on
instance h expressed, Tils apprecia
tion of some of the item on the bill
ef fare with an ' enthusiasm with
which some ef hlsjnwe pampered fel
low travelers not altogether agree,
v "If he Is aa rich as men aay h
ha queer way of showing It.", aald
no panrr5 "It I had hla mony a
private Pullman 1 fifty - yards - long
wouldn't be toe good for me." .-. r - .
(( ron sunt tl bewt Donsralle
Coal, order CllncliOeld tlroh your
dealer pr t the Cllm hflcli Coal Cor
poraUon. Charlotte, N. C- , . -
- Stuart W. Cramer,
EN01NEER AND CONTRACTOR
sl
Slubbers,
Roving Frames
Jack Frame
4 jfj
tan
R B A D T H I Q
IT YOU HAVE TO SEXL, LIST IT IX THIS OFFER
If you have houses or store to rent, let me do your collecting and
save trouble and worry.
Th place to insure your property Is In this agency.
R. E. COCHRANE
Insurance and Real Estate Agent.
I Roofs That Last
"Eleetroid". (Hard Rubber-like Finish)
Acme" ((Flint Coated Both Sides)
"Universal" (Gravel Surfaced, Washed Sea-Gravel)
The abov are brands of our three types of Asphalt Roofing.
Th Roofings are made from PURE NATURAL ASPHALT AND
LONO WOOL FELT, and are used in all parts of the world where
THE HIGHEST GRADE AND LONGEST LASTIXO ROOFINGS
are required.
In 1. 8 and S-ply. Galvanised Nails and Liquid Cement, and
Directions for Laying, packed in core of each roll.
Delivered prices and Free Samples for the asking.
Carolina Portland Cement Comp'y
60CTERN PISTRIBTJTORS. CHARLESTON, ft.' O.
' " ' ' -
3
Motors, Generators,
Dynamos and Electrical Wiring installed by us.
Mill work a epecialty. Prompt attention given to
all work. ( I
R. G. RUT EN . QOMP21NY
Electrical Contractors.
'Phone 1307 or 1308.
202 S. Tryon St. Charlotte, N. "0.
RANDY St MYERS,
Consulting Engineer.
Water Supply and Purification.
Bewerage. Sewerage Plspoal, Roads,
Streets. Pavements, Water Power,
Hydro-Electric Plants, Irrigation
Drainage, Reinforced Concrete, Bur
veys. Estimates, Plans and Specifica
tions. Construction Superintended.
Complete Plants designed and con
structed. Main Office. 170-77 Arcade Building.
Greensboro, Xorth Carolina.
Branch Office,
Laurtnburg. North Carolina.
GILBERT C. WHITE, C. K. ,
Consulting i
CIVIL ENGINEER
Durham, N. C.
Waterworks, Sewerage, streets; Wa
ter Filtration, Sewage Disposal;
Plans, Reports, Estimates, Super
vision of Construction.
J-
B. PAEKS RUCKER,
CHARLOTTE, N. C.
Consulting and Constructing -
ELECTRICAL ENGINEER
Estimates. Plans, Specifications snd Su
pervision of Construction of Lighting,
Industrial and Power InsOtllations.
Hrdro-Electrlo Plants. Power Trans
mission, Municipal Lighting. Etc.
feLECTRlC P-YT.
r.e.TUKUML
ITJLAM,1X
rMlAXTON It
KX AUDITORIUM BLDQ.
CHARLOTTE. iC.
FRANK P. MIL6URN & Ca
ARCHITECTS
WASHINGTON, D. t
IX5DI3 H. ASBTOY
ARCHITECT .
Lew Banding, Chartottev . O.
HOOK AND ROGERS
t ARCHITECTS : 1
CHARLOTTE, ft. C.
Leonard X Ilunter and Frank.ua
:t ... . Oordoe . .
AECHITECT3 '
-.. - -, .
Lnw BtJMlnf, Charlottev X. - X
KO. 11
lift.
Thoae i7
y' '
sf4iwfiTats auiLDiHa. ( :
ATLANTA
Automatic Feedert, ::''.
Openers and Trunk, ' ; .
Broker, IntermedUU4Us4 ,
Finisher Lappers. : V -
v- IClrschaer Carding Beaterft t
Thread Extractors, ,'.
Waste Pickers, eta, A
Inttrmedlatet, t . ciwir rwas: "
ETCETC ;
SCREENS
Flies and Mosquitoes
on the Outside
Small Cost
J. H. WEARN
&C0.
Mauafactnrers or Maeteta.
"Ile for catalogue.
Manufacturers
and Jobbers
Frequently And It necessary te
have Banking Facilities In ad
d It Ion to those offered by local
bank. . - -
THE
First National Bank
OF RICHMOND, VIRGINIA,
With
tl.060,000 00 Capllal
Earned ffurplu $100,000.00 '
fl.tOO. 000.00 Deposits
11,000,000.00 Total Resourcee
Offers Just th Additional Fa
cuttles Required.
Jao. B. Puree U. President;
Jno. U. Mlilef. Jr., Vice Presi
dent; Chae.. R. Burnett. As
sistant Cashier; J. q. JepHn.
Assistant Cashier.
A. D. SALEELD s BR04
COMMISSSXOX J4ERCHAXT3
"''""'' - -ssasB-as-aa-sB
ti-TS Leestard treet, Itirr tOKl
COTTON YARNS
-.DEPT.
FredTc Vietor & Achelii
JAIIES E. 2HTCITCLL CO.
' COMMISSION , MHRCIL1XTS
; Cotton Yarns - and ; Cotter
Clothii. ..
OOKSIQNafENTS BOLIdTTIX .
riUladerphta, .123 and III Cht -
, St. Boston, lift Sammev 61,
lVew Tork. No. 7S Ionard r ..
. Ctuurloue, Sft S, Irjoa l
.-.I'-