Newspapers / The Charlotte Observer (Charlotte, … / Feb. 20, 1909, edition 1 / Page 10
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10 CHARLOTTE DAILY OBSERVER, FEBRUARY 20, 1909. 1HE TOBACCO COMBINATION BRIEF BISTORT OF ITS RISE Benort of Oominisslatier of Corpora tions Smith Oivea Some I merest lug Facte Concerning the Organisation and Rise of the Tobacco Trust Bncaa Business to 1890 on a Capital of S2&.0O0.0W While To-Day Us Capitalisation to $S1.S4,821 Has Taken Over 25 Sprie ( on-ri.s and Now Controls Four-Fifth of lb Country! Output. Washington. Feb. !. In a report transmitted to President Ituoiw-velt yesterday. Herbert Knox SmlWi. lom snleatoner of Corporations. present ome highly Inter.-sting history of the orgenliatien of 'The Tobacco t omb r.auon." which. In th- inanitud.- of Its justness operations, is one of the greatest organisations in America. The report is a result. In part, of an estenarve invrstlgath.n into trie to bacco Industry made by thi Bureau of Corporations. Subsequent reports will deal with the control of the to bacco industry, with prices and prof Ita and with competitive methods. To-daVs report sets forth the rise of one of the great combinations o, tha eounir In Ms letter of trans mittal Commissioner Fmith sayw that It "deal.- with the history, from the standpoint f Its organization, of Hi" reat ir.hjt. o conibin.-ition Riirt.t in 1890 s lb'- Atu.-rican T'-bar-.-.. Com say a manufacturer of i Uarotti--. with a cap.tal of li&.OOO.OOtl. th combination has now a net capital isation ix lulling inter-company Svoldtr,g of f:il6.:M6.821. It ha absorbed al-ut LO separate concerns, and now controls eubftantlally four h f the .iuuiuI of each Important kind of tobacco mhnufaotured In tli United State, with the exception of clears. eTOOK MANIPULATIONS "TU history also presents Important atures of stock manipulations. The financial transactions centring around tha orpanlzatlon of the Consolidated Tobaerr, Company in 1901 are especial ly noteworthy. At that time a small body of directors and stockholders In the combination believed that the profit of the combination could be greatly increased in the Immediate future. They organized the Consol idated Tobar-oo Company and offered Its bonds In exchange for the com mon no.Jt of the American and the Continental, In order thus to secure, for themselves most of the increased profit about to accrue. The profits accruing to the common stork of the .American and the Continental, after jts acquisition by the Consolidated, tncreased greatly, and the small hod" of men controlling th last numeu company so small, in fact, that six of them held a majority -f Its stock and thus controlled the entire combination became entitled to millions of dol lars which, had it m : been for the Consolidated transaction would have gone to trie original common stock holders. Commisaifrtier Smith savs that "in fairness. It should be arid- I that this (Y.r of exchange was n.a.l.- with no concealment of the fait that that of for came from the principal .m-en aiu! ' sectors of the two . . n i jmius,' t.ut. h- adds "I . conduc-t of this Ki-oin of . , nr., net aiihlect for . litl.-lsm Ji..v.-ever, l.e.-.nie th y could for. tnuVh Ix-tt.-r than ..jtshle st"kh er. ro larpe ;,t .it- iibotit t. a They occupied a tldu.-latv rH.it!.. t the outside stockholders and sh )idv atMired Willi them i-qually rCMT WAS TRUE. . sorant of Brother's Tragedy In Fauv- ilapatch, 18th. ome terrible calam ni ember of his Im- orJ. L jonnson, or tin county, who since THE PRESEX Hospital Patient, Death, Dreams 11 y. Richmond Times-1 Confident that try had befallen mediate family. l layville, Powhat Pebruary 7th hafp, been an Inmate or the Memorial Hospital, yesterday re quested his nur()e to withhold from him all letters, K md to carefully read all his postals f p before allowing hlin to see them. L-"l am confident that some one very f dear to me la dead,-1 said Johnson tr'o his nurse. Mr. JohnsoojB oondition has been such that it hi "us been thought inad visable to tell f ""him of the recent fire in which his b rother. Walter Q John son, was burnF,d to death In his home at NortheasUt.v Powhatan county. "1 feel that anjtlrt hfor excitable would cause a relap ," Uie patient said, "and I am In noL. condition to hear bad news." Me enterertd! the hospital suffering rrom a seve,. cae of acute append! clits An opi, -.ration proved successful, even thouglf j, from the advanced stage of the dlcnf,r ne hj,,, been desperately 111 since, ltf will be several wek be fore he wlllf be allowed to return home. I'ntil yestej'lfday he had been cheerful, but a recer 'ii dream has caused him t become ml'1 -roe. "1 had ,Ln horrible drm lant night," he yesterl,tlay told one of the nurses, I know tilrhat something ban happened you have! , not told me. I awoke and laughed; but yet I realize that the presenting ent Is true, and that I am destined I to hear had news. Don't tell me what t until I am strong again. i nci r i . a aeatn in u. liail-vtW y Oimpeny is Re-Organised. Special I i Th . it,!;ervr High r Point. Feb 19. There Is great Interest-1 manifested by the residents of Hlgfifi I'olnt and surrounding towns In the J ; re-organiiatlon of the Carolina Velleyli Hallway Company which was effectel ,(j at Thomasvllle yesterday This road ti was originally built by Capt. M. I. Joj ties, who afterwards sold It to lee ,, Allen and his associates, who failed it to do anything with It; so Cap tain Jones bouaM It hack aaaln and form (d this new company. Capt. M L,. Jf nnes, of Thomasvllle. Is vies pres IdarV 't and T. J. Jerome, of Salisbury, president. Work will be commenced on ' the roadbed to put It In good con dlry 'on It has been completed to Def hton. .l , H i perl rue nt .Station FVir Hig:h Point (onsldored. Sff'Wial to The Observer MlKh Point, Feb. 19 Mr. C. R. lis; udson, of the United Htates Dcpart tVj.iftil of Agriculture. stationed at ij, ,.i atesvllle. was here toduy on the ijnvltatlon of several lending business I ,nen The Idea Is to see whether It f will be advisable to have a local ex- jierlment station here In the Interests Reformed Churrl to Have New Boild ' inc. Ejteclal to The Cbeerver. High Point, Feb. 1. Tha trustees of ths First Reformed church hero have ,had plana prepared for a new edifice which will be one of the finest places of worship In the Stabs when finished. Work will commence; early tn the spring and be pushed to comple tion, as the pastor and those having the matter In pharge are energetic and aggressive people. High Point Rod Men Will Celebrate. Special to The Observer High Point, Feb. 19. Monday next benlg Washington's Birthday, the High Point Tribe of Red Men wlU hold a reception and celebration of the day. as the father of his country was one of the first members of the organ ization. It Is one of the oldest Amer ican fraternal organizations. r THE : UNION v NATIONAL BANK ; CHARLOTTE, N.CL in NTSMAllS NATIONAL BANK - 35 East Trade St. Capital $200,000.00 Surplus nd Profite $135,000.00 neeouNTS INVITED GEO. E. WILSON, President. JNO. B. ROSS, Vice President. . W. C. WILKINSON, Cashier. FOR SAL 32 1-2 Acre Farm, close in, 3 1-2 miles out; fine place for trucking, poultry and dairy. Price right. Also several othert farms. For sale 14 per cent, investment. New houses, good location. Also several beautiful dwel-, lings. ' FOR SALE 7-room residence, East Fourth street, close in, comparatively new, with all modern conveniences; located on shady side and facing Liddells lovely property. A bargain at this figure. .... ..$4,000.00 . E. Murphy & Co. 43 If. Tryoa. 'Phone ML of the farmers In th! initv Mr Hudson has done valuable service In and around rllatesille ami n is mi! that ho Is favorably Impressed with this location for a station. a. o-.ii vl by tlj epecla! knowleOKe posit ion." The report dis.us. s at length meth"d t winch the t'.M.it-cn nation has been developed. Inch tha - hoas Ind.-pcnil. nt oiicern the combination It p.. mis out ly that "the loading purpose o men who luie conf rolled it has to dominate the tobacco Industrvl. Th report contains not ..nly t-e if.ct.ii)H fr. I'roiton In Italelgh. The KvenlriK Times makes this ap- 1 preclalivp reference to a popular 1 ii.n !otf e lawyer: "Mr. i;. li. Preston, a former mem ber of the House from the county of Mecklenburg, was In the city yester day an.l visited the House aaln. 11 Mr. Preston was one of the voiirureHt In two former Legirtlal ures. ani could have returned from that Kreat iimin i it acaln if ho so desired, but ch.ise the I ruther to attend to tils law practice. Ho Is a promising yoiniK man, popu lar wherovcr known, and hiss frle.n.ls about TtalelRh enloy seeing his fnce uxrui." I. ARTHUR HENDERSON I BROTHER NOW FOR 1909! Say "Scottish" to your agent when you ask for a fire insurance policy and he will do the rest. SCOTTISH FIRE POLICIES PROTECT J. F. FLOWERS, V-Pres. and Mgr. of the financial operations of the f-Vi- fl Tj TJ blnation In its rlee. but also f mafj fj4 ff Jfl -11 Interesting stdeMghts on tho s. hemes J W 13 AJ m. Jl O employed to malte the comhi nation w w par tniount In the tobacco indurtry. I .I-tt.ISITl UK ItOKS NOT Lljl'TT. iMjnlli Cartilliia IVody Not TTIiroimli With Its Work on An-ount of J III- bustor ('Oltunbia AMU N ot (.it l.utlwrau txtninary. , Observer Hurt 1230 Berkeley Pul Columbia, S ' ' . If ' b 19 The tlltl ooing away i:ni th. prs ent rrrtleage book regulatl food as dead. Py a rnalorti-.N of t this afternoon the Senate l.strui k o-it the section making the I maximum passenger rate " 1-2 tenlis. arid an amendment is pending m.hl.h will likely be adopted to-ntorrf w . mas.-u la ting the remainder of t There will be no sine tnent to-morrow, which taken pteoe but for the filibuster. The fWiate t adopted a motion to &4 i-ow till Tuesdfly nlghX bill. ndjourn- .vould have prohibition Is afternoon ourn to-mor- The supply A JUM11. bVIT; I N V KSTMKNT 1 7. 50 A splendid lot within twenty-fViur hundred feet of square, norfhwarU. TutHc-lent for four modern and daily' needed houses that will go readily 'at Jtno 00 each per annum. Ion't Jump at It, I'll turn on the liKht. You think and flfiure. Ixnk out for windy March. Klre danger. Instwe now same rate as In July. A9k F. D. ALEXANDER He Tells. "Jordan's on the Square." E. P. Purcell, President D. A. MCLaughlln, V. Pres. WHY don't you buy the best Cigars and Tobaccos and get the full worth of your money t We carry a big line of all tho leaders and can satisfy the par ticular man every time. R. H. JORDAN & CO. Tfcoaa 1. NURSES' REGISTER CHOICE .MANUFACTURING SITES Owing to our large holdings of real estate in Charlotte, we Jiave , decided to offer for sale the plot of ground situated between the ArlheYtOn Mills and our present plant. This plot has a frontage ot 800 feat on Southern Hallway, with side-track already in, and the property extends through to South Boulevard Extension. This Is one of the few hlih-class available manufacturing- kites In Char lotte, and offers a splendid opportunity for Investment. Price from 125.00 to $37 50 per foot of railway frontage, dependtnc oti depth ef property. This price is very little more IBan residence property Is bringing, and will surely doable In value 1ft a few years. AMERICAN MACHINE I MANUFACTURING COMPANY Accident and Health Policies In the MARYLAND CASTJAITT COMPACT are the most liberal In existence, though they don't cost any more than others. Every one needs a Dtaabtll ty Policy coverln EVERY ACCI DENT AND EVERT DISEASE. Let us tell you how we will pay you a definite weekly Indemnity If you should be disabled BT ANY ACCIDENT OR ILI.NES3. HARVEY LAMBETH, Mgr. Ins. Dept. AMERICAN TRUST COMPANY. Real estate; loan and Trust Ccrnpsny CHARLOTTE, N. C. V: Capital $75,000.00 Surplus $125,000.00 W. 8. ALEXANDER,' Wesldent. R. A. DTJNN, Vtoo Presldeitt. A. H. M'DON.VUD, Secretary and Treasurer. DIRECTORS: R. A. DCNN, W. 8. AXEXANDER, E. T. OAKSLER, . j H. A. WHITE, DR. R.U GIBBON, A. M. M'DONALD, JOHN B, ALEXANDER. Our different departments hare the patronaae ef a larre and, STowlnf clientele but It Is our aim to number many others oa our list during- the year 1HI, : vK. OUR LOAN DEPARTMENT la being largely patronized by customers of small as well as larre means, as ' the security offered the lender In placing- their funds through our Company is unsurpassed. We lend only oa first mort gage loans secured by Real Estate located in the City of Charlotte and Mecklenburg County, where values are more stably ilxed and enhancing in value more rapidly than in most any other section of the State. The lender secures six per cent, on his loans, free of cost to him In having them placed, with the following guarantees from ear Company: I. The title to the property on which the loaa is mada Is guaranteed. II. The security la guaranteed; for example. In case ot fere closure the above Company would have to make the property bring the amount due under the mortgage. ITL The Interest is guaranteed. The Company colleots the In terest on loans made and guarantees the payment ef same Within three days after the time It Is due. HV. The property will be kept tnsvred for the beaeOt of the lender in some reliable insurance company. V. That the property will be properly listed fer taosastea from year to year. VL That there will be no foreolosure fer taxes on accetsat ef de faalt! M payment I Is the aim of our Company to offer such liberal advantage to those who have money to lend on real estate security that It win be to their beat Interest to place their fends through our Com pany, as we are thoroughly posted as to values and always have on our list a large number of applicants, which enables us to get your funds promptly placed, thus avoiding ,loss of Interest. OUR REAL ESTATE DEPARTMENT furnishes a fine avenue for the sale or exchange of flea Estate both in the City and County. Wo are thoroughly posted as to values and secure the highest market prices for those desiring to selL The purchaser will always find on our list anything he may want from a tenement lot to the choicest business, residence or manufacturing property. We act as Agents either for the pur chaser or sailer. We also purchase and develop properties tn be half of our Company. OUR RENTING DEPARTMENT Is in the hands of competent collectors who look closely after the interests of our patrons, rendering monthly statements of col lections. When desired we also look after the insurance and lax returns of our cMents, thus relieving them of all trouble In handling their real estate investments. INSURANCE Ufet -Fire, Accident, Plate Glass, Indemnity, Surety Bonds. We solfcit your patronage. We can make our services matually profitable. I First National Bank "TOT ATJTlTTt1 "M f! Established In 1805. Surplus and Profits. . ... ..... $6e5,oa Accounts Solicited. 4 per cent, on Time. Deposits. Government Depository. Henry M. McAden, President. Gee, W. Bryan, V. Pres. John F. Orr, Cashier. Iilll not having been scpled upon to das' It is Impossible noy.v to close the ' eoealoo to-morrow. Tlfie House to morrow will adjourn fill Wednesday night. Columbia will not gs i the Lutheran eetnmary located at Tdount Pleasant as It oosflfipntly thoht It would. ! Iam fall at the met-tisig of the United Trod of thp F'.u'h f a commission consisting of rp-rij-ontat Ivi-s from i arh of the district IPynorts was ap- ! pointed to fonsider nods for the semi- ' a r"V Thfl Lih.nmlr.iM.K h i h A I ed in favor of retsfnlnir the present location- The eemll moved over to Chal arv later oe ton. THE WEATHER. Wuhinirtnn Fb"" I! -porw-.kl Virginia, fair, cold(. r Saturday, Sunday ! fair, slinuy wamjb.-r in ln'.erior, mod erate west winds bx-comlng variable North Carolina, fcolder Saturday, with i alialoiehias; west ' winds; Sunday fair, sllcaUy warmer lr interior South CaroUoa. fair, coldf-r Saturday; Benday fair, warmer in Interior, mod erate west winds becoming variable. Georgia, fair Saturday, colder in east and south portions; Bunflay fair, warmer In interior; Ugh west winds becoming variable. East Florida, Ealr Saturday and Sunday, "warmer Sunday except lr, fitrtrae south portion; moderate t winds becuming verlabte. West Florldai Alabama, fair Saturday and Bungay; variable winda. ftfissiaalppl. fair Saturday, warmer In Interior; Surflay fair; light variable winds becomir g south. Louisiana, lair Saturday, wanner in ast and soalh portions; Eunday fair; light south 4iodi. East Texas, fair Saturday, warrrwr In ' southeast pirtion; Sunday fair; Jixht o ' fnoderate"sJth winds. Arkansas, generally fair Saturday and Sunday. Teasieseef, fair Saturday; Sunday fair, warmer W east portion. Kentixki, fair Saturday; Sunday fair, wsrroer ill eeatral and east portions. West Vf-gJJua, partly etotidy aad cold r e:urJLy, sbow la - tha mountains; . fiuoday filr. sH&htly warmer, ' : west Texas, gesereJlr fair Saturday i t: i idax. . ;. V'";V -'V' ' Investors Awaiting permanent employment for their funds will rind our 4 per cent. Demand Certificates of De posit a good means for temporary investment. a American Trust Company YOU HA VS PJIONEY no doubt that is Idle and not earning 70s anything. Why not de posit it in this bank wTfcre It will he absoWlely rate ana at ths same tlms be working for you? Then when you have an oppor tunity to make a more profitable Investment you , will bava th "ready cash." Try this plan. -y " Southern Loan & Savings Bunk Jno. M. Boott, President. W. Za Jenldna, OaaWesv W. 8. Alexander, Vice President. , i V - Modern Home For Sale If it la a real home you are looking for, we have it. A handsome, new l-room residence, two complete baths, grate in each room; also arranged for hot air heating. If Interested, call at our office. CAFLOLINA R.EALTY CO. O. J. Thlea, President. W. D. Wilkinson, Treaa. and Mgr. No. 311 North Trjon St. J. P. Long Salesman. B. Kusli Lee, Secretary. 'Phone , 609 Elegant Tryon Street Home We offer for sale an elegant Tryon street home,' close in and will enhance very rapidly in value. This property can be bought Just now at a low price for the value offered. Price ....... $18,600.00 THE CHARLOTTE TRUST & REALTY CO. W. 9. CHAMBERS, Treasurer. . r Offlcel Basemen of Realty Building. A. G. CRAIGv Becretary. Tlione $11. . it Hard Clinch" Wall Plaster THE BUILDERS' FRIEND Freezing does not hurt It. Natural shrinkage, not erack It, Water does not make it fall oft ManufaotawdJeacclualvely by CHARLOTTE PLASTER COflPffNlf Writ for details and liat of Cotton Mill Houses plastered with It. IT IS AS HARD AS STONE. Jno. B. Ross, President. J. T. T. r. V. A. Adama, Atty. The 2nd-SeFies The Mecklenburg BuUdlng and Loan Association wCl open Its Id aeries on Saturday, March th. Our present shareholders are increasing their shares, and new. sum ara coming la every day. . - Don t Fail to Take Shares If a loaa la wanted, put In your application NOW. A. G. CRAIG, Secretary & Treasurer Office . Basement ef Realty Bull 'ds nJrrsasg--.Tr -T"-. - ra1- dla Tbana ZTt. Q4,OOO.OG HOME 8-room almost new modern corner, residence in elegant condition. $1,000 cash, balance good terms. East Fourth street, 6ne-neighborhood. One block car line. Oall on or phon Brown & Company. Phone 535. 203 N. Tryon St. BANKING BUSINESS IY0TJ tare more or . less it Possibly H fa with us. Such being the case, you know something ot our service. But If not a patron, wouldn't it be well for jyou-to become onet Eesources $1,600,000.00, THE CHARLOTTE NATIONAL BANK Stocks and Bonds Wanted At Attractfve Price Wa Have Baren For It. it American Trust Co. lt-St Charlotte Kational Bank. -lt-tft Merchants A Farmer, , 19-ja Union Kational. ' Highland Park V3 lt-f Chadwlck-Hosklna. , li-W aiffslda Milk r l-lf Henrietta Mill. . 10.16 Oast on Mfg. Ca ' fe-sO Oaffney. . - e.sa veil pit Preferred. 10-6 pacolet Preferred. !- Clifton rreierraos Sft-19 Keslen -! Patterson. , 10.40 Rtlrd. - - ".. '-- t a-si Ware Bhoala, - ( Darlington. ... 100 Easley. ,.-.-- 10-J American Spinning. 20-tv tjniQuoi. . zS-8 Brandon. 10-JO Monaghon.': iA-a Drayton. v - 10-60 Lancaster. . lO-ta Washlngtoa. REAL ESTATE On tha Prorldsaoe ( read er Sast avanue extended, wa ara aflartag soma special Bargains la Qsslrahle noma sites Just bow. These lota ara Just oae block tram EHxabeth ear line and af aaasaally larga klsa. . , ,:' . -t 1 lata 10x121 froxjtfng East avenue. X lot 0xll fronting Pelk avenue. 1 corner-let 10x111 fractlng Polk aranua ; - ( '- -J,- a lota 10x411 fronting Folk avenue. 1 corner lot 0xlJ0 Miller avenue. iota 0xll Miller avenue. . ' ... We will' make special price and terms aa these remaining lots at this . well located aubtire during tha next few days, as we want t ekraa aut tha balance of this property. '. i! t;. VJbDOU c&i t-omp'y High Grade Investeients. Everything in Eeal Estate.
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Feb. 20, 1909, edition 1
10
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