Newspapers / Lenoir News-Topic (Lenoir, N.C.) / March 15, 1893, edition 1 / Page 2
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I ffHD LBNOIR TOPIC , -1 - . i - ,. W. V. SCOiT Jr. Editor ana FiMer WEDNESDAY, MAR0H15, 1893. Entered a the Poit-office at Lenoit as second-cass matter. Subscription price, $1.00 f JSAdyertismg rates reasonable. ISJ-All bills for adyertising pay able weekly; j B5FJob printing a specialty. Cross X Mark following the subscriber's name, written on the margin, Indicates that the subscription will expire within two (2) weeks. All papers will be discontinued when the subscriptions expire, unless renewaila are made at once. . Ratbs of Subhcmtttoii One year, one dol lar; half-year, half-dollar; quarter-year, quarter-dollar ; one month, one dime ; two copies, 8 cents ; one copy, 8 centst We do not know that it is a con . fession of unusual ignorance to ac knowledge that we have never fully mastered all the learning on trusts trusts latterly so called and net the trusts referred to in the legal text-books. A legal light who is well-posted on the law relating to the latter may consider himself a tolerably well-equipped lawyer. The first kind of trusts, a creature of modern commercial, development, presents a new element for the law to deal with and the law as to trusts of this kind is in process of evolu tion and will be -fully developed in due time when the legislative and judicial powers of our complex sys tem of government shall have thor oughly mastered the subject, which no one man as yet completely un derstands by anticipat ing them. But it is the province! of every influence to be active in contributing to the solution of this question and of has tening and making the solution just. There are! as many opinions about it almost as there are men ex pressing them. But there are also two classes diametrically opposed to each other, theJone attempting to facilitate the settlement of the ques tion by aggrandizing the power and privileges of trusts and the other striving to bring the power of trusts down to a minimum. The latter class does not recognize any equity at all in the claims made for trusts. Between these two extremes there are varying opinions. The late Mr. Blaine is credited with saying that trusts are largely private affairs. In 'other words he maintained that the government has no more right to interfere in the business of a trust than in the business of a private in dividual. The opposite opinion to his is that trusts are illegal acd should be crushed. Between these two is the "golden mean." A more conservative opinion is that trusts, being the creatuies of law, should be so manacled by the law as to ex ert no bad influence upon legitimate commerce. The advocates of the ''divine right of trust" illustrate their position by citing the case of the Standard Oil monopoly, 'thict, they confess, killed out all opposi tion in that line of business but conferred a benefit upon the public by bringing the price of oil down for the benefit of the people. As we said at the start, we do not fully grasp the right and the wrong in the matter. The American Tobacco Company's monopoly, however, we can more easily comprehend. The price of cigarettes may or may not have been reduced since this monop oly began. We do not know. If the price was reduced so much the worse. It ought to have been in creased. The product of their mo -nopoly is a luxury and it is a luxury of such questionable advantage to humanity that it ought to be made an expensive luxury. We do know that the price of the tobacco from which these cigarettes are made has been reduced from 45 cents per lb. to 15 cents per lb. since the monop oly was started. For that reason the monopoly should be regulated. It has produced no public benefit but has brought about pnblic harm. Let the matter be kept before the public until this branch of the trust " question is settled with justice to the tobacco planters. The reports j from Washington about the inauguration and inaugu ration matters, that will be found printed on the first and fourth pa ges of The Topic, are of unusual interest. These: accounts deal with the more salient and interesting features of that imposing ceremony and our readers will not find a dull line in the lot. YVJe in North Car olina will all fel an especial pride in noting the prominent part taken in the proceedings by Senator Ran som. Cleveland turned oyer the Gov ernment to Harrison, in 1889, with a surplus of $100,000,000 in the Treasury. The other day Harrison returned the Governmental reins to Cleveland with a bankrupt TreasuV ry. Comment is unnecessary. The appointment of Bx-Goy. Gray, of Indiana, to be Minister to Mexico, and of Gen. ' Patrick A. Collins, of Boston, to be Consul General to London, disappoints the aspirations of two eminent North Carolinians, Major Bobbins, of Ire dell, and Major Hale, of Cumber land, who were ambitious to fill those two positions respectively and whom we wished to see so honored. Til Caldwell Umber Company. Correspondence Charlotte Ohwrver. PittsbubG, Pa., March 37 As I was leaving .the train here this morning I met Mr. W. S. Harvey, of Philadelphia, with whom I was associated several years ago in a bu siness enterprise ? "I was down in jour State several weeks ago," kaid Mr. Harvey, "but not as far as Charlotte." 7 "Where were you ?" I enquired. "At Raleigh getting a charter for a railroad," he said. "Let's go in and take breakfast together and then you can tell me about this j railroad enterprise in North Carolina," I said. While we ate our breakfast . Mr. Harvey said in answer to various questions : I "The Caldwell & Northern Rail road Company is secondary to the Caldwell Land and Lumber Compa ny, which owns about 40,000 acres of land in Caldwell county. The company contemplates the erection at once of a saw mill with a capaci ty to saw about 60,000 feet of lum ber per day. j "Other parties will also pnt up mills and buy timber from us, and our men are now at work surveying "to locate about fifteen miles of rail way which will run out in a north westerly direction from Lenoir or Morganton. If from Lenoir our narrow gauge but if road will be from Morganton it'will be standard gauge. We expect to have fifteen miles of road finished in the next three months and it is our purpose to get considerable lumber to market before the winter sets in. "The capital of the Caldwell Land and Lumber Company is $400,000, alljpaid in, and 1100,000 of this amount will be in the com pany's treasury in cash as working capital. Besides a saw mill, the company will operate a planing mill and probably a factory to, make cheap furniture also. "General Hoke, of Raleigh, owns 7,000 or 8,000 acres of land adjacent to that of this company and he ap preciates fully the character and value of our property, and has as sured uR of his co-oparation in the development.! Maj. Wilson, of Mor ganton, has also shown us courtesies and favors- I "We will have considerable bark and I think we will do something in tanning also ; at least, later on if not this year. We have the only white pine timber South-and the best tract of white pine timber I know of East. "Eastern people have sent thous ands of money out West for invest ment," continued Mr. Harvey, "never dreaming that within a night's ride of Philadelphia was a country having more abundant un developed resources than any I know of out West. 1 1 rode over the moun tains from Blowing Rock last sum mer and saw most of the land we purchased and we are more than pleased with it. We expect to make money by the lumber we will get alone, and then we have the land with first rate chances for some minerals of value. In fact, we bought the land from the estate of a gentleman wno formerly lived in Germantown and who in his life time held-the! land mainly for his estimation of its mineral value.) "We find that he exhibited at the Centennial Exposition more than 180 varieties of minerals all obtain ed on the land we now own." Til Trouble Just Begun. Charlotte ObeerverJ j- The anti-cigarette .trust bill of Mr. Watson,! of Forsyth, failed in the Senate Monday morning, but the righteous war is on. The at tention of tbe people has been ar rested; the iniquity of this combine has been laid bare; "a black shaft of infamy" has been reared by this able and patriotic representative "in front of each of its palaces," and if the press and public men of the State will but do their duty there will be created within the next two years a public sentiment which will compel some such legislation as that Mr. Watson proposed. Let not the trust or its agents delude themselves with the idea that its troubles are over. We see in Webster's Weeklv that Senators Vance and George are at work upon a bill to reach such If from anv cause combinations there is a failure on the part of Congress to fulfill the party's pledg es concerning anti-trust legislation, public opinion in North Carolina al least, will be ripe enough in two years' time to 'accomplish all in this direction thai any one State can. As for Mr. Watson, who has been the subject of tbe most -virulent abuse for his single-hearted efforts to make the cigarette trust unclasp the throats of thepeosle, he deserves to be enshrined in their hearts and to be loved by: every true man for the enemies he has made. " ss-B-eBBSi a In the Unjted" States Supreme court tbe State of Virginia is claim ing from the State of Tennessee a strip of land 113 miles long, 2 miles wide at its Eastern end and 8 miles at its Western end a valuable wedge in which is situated the prosperous city of Bristol. The Virginians claim that North Carolina recognized this as part of Virginia territory be fore she gave birth to Tennessee. A IISHT OF TERROR. Cjcloni Swaeps across the ' Stats of ' . Georgia. 1 j KILLED. At Piedniont Miss Daisy Haw v kins ;- a negro man. - - At Odessa Six persons, names unknown. -. i At Molena Mrs. Felt, f oar ne groes. ; ' -." . -5 S At Woodbury A white child ; two negroes. At Greenville A negro woman. Near Barnesville Mr. Andre Re viere. INJURED. The number of injured is great, and the probabilities are the half has not been told. It is impossible to give a complete list. Gbeenville, Ga., March 6 Saturday night about 8:30 o'clock Greenville was vfsited by a cyclone that completely devastated three fourths of the town. The cyclone was preceded by a brilliant electrical display that aroused the fears of all. In a few minutes the continuous lightning flashes were succeeded by an omin ous roaring sound, and almost in stantly the storm swept over the ill-fated town on its mission of de struction. In ten seconds the accu mulations of years were swept to the four winds of the earth. Several people were caught under the falling h oases, but, strange to say, there was only one death here from the cyclone About twenty houses were com pletely demolished and many others badly wrecked. The Greenville Vindicator that had had the attacks of political boycotts for twenty years, succumb ed to the mighty crash of the ele ments. Its building was lifted' by the wind and mashed into a shape less mass of ruins v Manynegro houses were blown down. Tbe jiews that has been re ceived here indicates that the cy clone entered thg. county at the southwest corner,' gfeng diagonally across it, carrying desolation and death in its wake. Many of the cyclone sufferers are in a destitute condition, having been rendered houseless and homeless by the winds with not a vestige of clothing, except the garments they had oh their backs. Vhey are ex posed to the biting cold. Starvation stares some of them in the face and unless aid is given by our neighbor ing townsjind cities untold suffering will result. Meridian, Miss , March 7- Over 300 families are rendered homeless and destit ute in the district of Lau derdale coanty, by Friday's cyclone Reports from farming districts are coming in slow and reveal a distress ing state of affairs. Farmers -who were in comfortable circumstances, are left penniless, with not an ounc of food, nor raiment to clothe their families. In many instances their horses and mules were killed, and they are without means of cultivat ing their crops. Another mane meeting of 'the citizens was held here yesterday to raise funds fur sufferers. Liberal sums were sub scribed and comajitteea and- com mittees appointed to distribute food and clothing -among the victims. Mobile & Ohio and Queen & Cres cent Railway companies notified Mayor Dial yesterday that they would transport food and clothing for the sufferers free of charge. The railroad companies also offered to run excursion trains to ' Marion, Toomsuba, Pacuta and Barnett and donate the receipts to the destitutes The offer was accepted. Two more of the injured at Toomsuba died yesterday, making a total -leath list of twenty-nine so far as known. A Bankrupt Treasury. Washington Dispatch, March 7. j When ex Secretary Foster turned the treasuary department over to Secretary Carlisle today he informed him that he had just been notified of the withdrawal of over $2,000, 000 in gold from the Bub-treasury in New York for shipment abroad. The treasury, therefore, passed into the hands of the Democratic admin istration with less than a 2, 000, 000 margin above the $100,000,000 gold reserve. In addition to this there is, of course, the national bank re serve and subsidiary coin amounting to about 129,000,000. but this is fully if not more than covered by outstanding drafts. In other words, a bankrupt treas ury, caused by the profligate and wanton expenditures of the Repub lican administration confronts the new regime at the very outset. There is now no longer any at tempt to conceal the gravity of the situation, r x Secretary Foster to day blithely commented upon the great responsibility which his suc cessor assumed when he took charge of the national finances in a way which indicated that he was jovially exultant over the fact that ne had "managed to get out before the actual crisis came. 1 It seems probable that Secretary Carlisle may before the end of the week be called upon to choose., be tween the alternative of issuing bonds or encroaching upon', the gold reserve. Inasmuch as it is now definitely known that Mr. Cleveland does not intend to call an extra ses sion of Congress until the fall, un less the emergency becomes abso lutely imperative and in view of his well-known fear of anything which might unsettle values and threaten a panic, such as might result were any heavy inroads made upon the gold reserve, it is the prevailing im pression here that Secretary Carlisle will put out bonds the moment the reserve falls below $100,000,000. It is barely possible that this step of last resort may be averted and that " the treasury may be able to tide over the present crisis if the shipments abroad are not continued and if the customs receipts kenp an even pace with the currer t expenditures. Id IntboritiM e AnooDncsDsnt. Washington,' .March 9. Secre tary Carlisle this morning aothor zied .the announcement that he would exercise all tbe power and discretion vestei in him to uphold the credit of the government and to maintain the parity of gold and silver. This statement was made to brush away the I endless " string of rumors that have gained circclat.on about what ne contemplated doing as to maintaining the gold reserve intact, as to issuing bonds or as to paying United States notes and United Statts Treasury notes in silver, when the free gold was ex hausted, etc. v , The example of Denver, Col., in offering $1,000,000 in gold yesterday for Treasury notes has been followed by the Chicago bankers, who today offered $500,000 in gold for United States notes, at the Treasury De partment It is thought that bank ers in other Sta.es will do likewise. There is a feeling of relief as to the gold balance at the treasury, and unless the exports of gold Saturday are unusually heavy, of which no information is yet received, the Treasury Department will have an ample gold supply demand. TIMELY TOPICS. Senator Hill paid afriendly call to President Cleveland at tbe White House Thursday. President Cleveland his with drawn the Hawaiian treaty from the Senate. The question is whether he will send in another. On the 10th a square on Essex, Lincoln and Tfts streets, Boston, was burned, causing a loss of four and a half million dollars. Three persons were killed. Governor Frank Brown, of Mary land, exposed himself at the inau guration and is now very ill in Bal timore with pneumonia. Grave fears are entertained, though there are hopes of his recovery . From latest advices the Demo cratic Senatorial caucus had not entirely settled the committee reor ganization. Geo. Cux's chances for the Secretaryship are good Col. L Q Washington, of Virginia, is his only competitor. The Democratic Senatorial caucus contains 45 members all simon pure Democrats one more than half the membership of the Senate, whichs contains 88 members. The populist Senatois have not entered the Democratic caucus. Washington, March 10. Sona tors Ransom and Vance and Repre sentatives Henderson and Grady called on the President today, but not all at once. Mr. Ransom intro duced two handsome ladies, not North Carolinians. Mr. Henderson performed that ffice for Qapt. Hall, of Hickory, candidate for collector, Baying that the Utter was one of Mr. Cleyelan' i 's strongest su pporters. The President rt phed, "Every good Democrat is now." To this Mr. Hall added : 'jAud every patriot." Washington, March 9. The President today sent tbe . following nominations to the Senate : Josiah Quincy, of Massachusetts, to be As sistant Secretary of State ; Robert A. Maxwell, of New York, to be Fourth Assistant Postmaster Gen eral ; Isaac P. Gray, of Indiana, to be envoy extraordinary and minister plenipotentiary of the United States to Mexico ; Patrick A. Collins, of -Massachusetts, t be consul general of the. United States at London ; Edward Mansfield Shipp, of Virgin ia, to be assistant surgeon in the navy. Long Island, L I., March 8 All Long Island seems to have folt what is now supposed to have been an earthquake Mf 12:30 o'clock t b b morning At Long Island' City the shock was especially severe, in many instances shaking pictn res from the walls, and creating havoc among chinaware and brie a brae. At sev eral points persons fled in terror from their houses into the street in their night robes, supposing thai the houses were settling or falling. Most of these persons say that a dnll boom and strongly marked simulta neous trembling of : the earth' were perceptible. Tbe ee'smic disturb ances lasted several seconds and then passed away in a southerly direction. Washington, March 9. The Treasuary today received gold at several points. In New Yoric the gain made in gold was $100,000, while at New Orleans fit received $20,000 in gold in exchange for a like amount in silver .certificates. No intimation has yet been received that any gold will be exported on Saturday from New York, and at the present rate of exchange it is not thought that any will be taken out of the country. The Treasury has now more than $3,000,000 in free gold, and in the usual condition of trade this is likely to be increased rather than diminished. It is quite plainly intimated in the Treasury Department today that, as between the issue of bonds audi the use of the $100,000,000 gold reserve, if necessary to maintain the parity of gold and silver, Secretary Carlisle will; resort to the latter plan, but that he does not anticipate that the necessity will arise to do so. NOTICE. BLOwrao Rock, X, CL, March 8, 1891 1 will Mil at public auction - the highest bidder for cash on the 29th of M BH, my farming tools, household furnttaie and a Aim lot of hay. UW.KSTEg. Fresh Arrivals. Consisting of fancy and common candies, cocoahuts, raisins, cur rants, citron, figs, cakes and crack ers, both soda and sweet, cheese. Toys and Dolls in good va riety. Fire Crackers, Roman candles. Canned Peaches and Toma toes always on hand. Of the more substantial Coffee and Sugar, and many other thinga cannot men tion now. A nice lot of leady made Pants and Shoes. Call and see for yourself. S. W. Hamilton. T. H. HIGGINS, Dealer in Heayy and Fancy Gro ceries. Keep? constantly on band Sugar, coffee, rice, grits, lard, flour, bacon, etc., etc., all of which is sold cheap for Candies, Nuts, Oranges, Cocoanuts, Lemons, Bananas, and many other things 1 cannot mention. Come and see. I also carry a nico line of Chewing and Smoking Tobacco, Cigars and Cigarettes. Give me a call. T. II. Higgins. SALE OF LAND. Thoa. Livingston and wife Orilia, et. al. vs A. 8 Koonce. By virtue of a decree of the Superior Court of Caldwell oouuty and State of North Carolina, in the above entitled caus. at 13 ni, at the court house door in Lenoir, on Monday, the 27th day of Marsh, 1893, 1 will aa Oommisxioner, aell at public auction, the .'and belonging to the heira at law of Jamea An drews, deceased, in King's Cret-k towni-hip, in said county and State, adjoining the lands of Thomas Laad, Hilas Jolly and others, and more particularly describe i in the petition Halo made for the distri bution of proceeds among tenants in common This February 18th, 1893. ; K. It. WAKEFIELD, Lawrence Wakefield, atfy. Conimisttioner. WANTED L0 GS. We desire to pay cash for White and Yellow Pine, Oak and Poplar Logs, Delivered at Lenoir or along the line of our Railroad. J. B. ATKINSON, Sup'? Wilson Lumber Company. SALE OF LAND FOR ASSETS. State cf North Carolina, Caldwell county. Superior Court. J. E. Hood and W. A. Hood, Administrators of David ood, deceased Elijah Cramp, wife and others. By -virtue of a decree of said court, in above entilled caso, at the eou.-t house door In Lenoir, on Monday, the third dav of April, 1898, we, as administrator ot the estate of David Hood, deceased, will sell at public tac tion two tracts of land lyin la CaldweU county, the one tract consisting of 150 acres more or less and the of her tra. t consisting of 15 acres more or less, belonging to the es tate of David Hood, deceased, said sale being made to secure assets for the payments of the debts of the deceased. Terms .One-third cash, balance In six months with approved security, t itle being reserved i ill purchase money Is paid. J. E. HOOD, V. A.. HOOD, Administrators cf David Hood, dee'd. Avery & Eryin, att'ys. -Lenoir. N. C., Feb. 27, 1893. LAND SALE. State oE Ncrth Carolina, la, ) nty. j" Caldweii cou L. w. Anderson, Lula Davis, Lillit Davis and Stafford K Davis by their mother and next friend E. C- Davis and E. C. Davis ex parte. Havlcg been appointed Comoiissionrr in the above entitled action, by virtue of a decree of the Superior Court of 5aldwell county and Htate of N orth Caro lina, I wi'l on Monday, tbe 3rd day of April, 1893, at 13 m, expose to pubHo sale to the highest bidder for oaah, a tract of laud in said county and State, lying on the waters of Celia's Creek, adjoining the lands of D. D. Coffey, Richvd Davis and others, and more particularly described in the petition in this cause Said land belonging to the above named parties and sale made for the distribution of pro ceed among tenants in common. This February S8th, 183. B. M. TUTTLE, Commissioner. Lawrence Wakefield, atfy LAND POSTED. This la to give notice that the lands of the Cald well Land and Lumber Company, lying on the wa ters of John's River and Wilson's Creek and on streams tributary thereto in Caldwell county. N. 0., have been posted, and all persona are hereby for bidden to trespass upon them for the purposes of hunting, finning or to waste the timber. Caldwxll Land & Lttkbeb Compact. Lenoir, Feb. 30, 1&8S. " NOTICE. " Lenoir, N. C.. March 7, 1893. Notice Is hereby g?ven that, tho stockholders of the Lower Creek and Linville ValWy Transportation Company, now the CaldweU and Northern Baiiroad dompany, will, on Saturday, the 18ih day of March, 1893, hold a stockholders' meeting in the town of Lenoir, N. O., for the purpose of organising, and electing a Board of Directors for the same. Books of nbscribUon to the capital stock of the said Caldwell and Northern Baiiroad Company have this day been opened In the town of Lenoir. N. C., and are in the hands of C N. Wire, General Mana ger of "The Caldwell Land and Lumber Co." The par value of the shares is $100 00 each. C. N. WXRE, General Manager of the Caldwell Lax d and Lumber Co. Assignees of the Lower Creek and LinvUlej Valley Transportation Co " , By order ot W, 8. Harvey, Presi SPECIALS Some things for the ladies Shawls, Knit Underskirts, Flannel Skirts in patterns, Vests and Pants, Ladies and Misses Qossa- mers and Corsets. Just received A BE A TIFUL LINE OF IN DIGO AND OTHER PRINTS, WORSTEDS, CASHMERES, PLAIN AND FANCY DRESS FLANNELS AND OUTINGS The celebrated made to our order and none better on the market. For children we have Mimdell's Shoes, the very best made. For the men we have a large lot of the celebrated which we are offering at per pair less than regular price. We are also offering bargains in Suits. Goats. Pants and Overcoats. Headquarters for the Diamond Shirt. A very large and varied line ot Wool and Fur Hats. for both men and boys, that defy competition in Quality and Price. Oar house is the place to get youi Tobacco and Cigars. ALSO YOUR Flour, Bacon, Syrup.Coffee.Tea, Sugar, Rice, Grits, &c. ' Plaids, Domestics, Upper and Sole Leather always on hand. Remember all of these goods are and offered at the very lowest prices and we will take pleasure in show ing them to you. Call and see us. ' I Respectfully, &c, NELSON & MOORE. COFFEYS & WIDBY are going out of business. Call and Get Bargains. Keep your eye on this column. " You can save money by buying your goods from C'offeys & Widby Gro to see them and get bargains.
Lenoir News-Topic (Lenoir, N.C.)
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March 15, 1893, edition 1
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