Newspapers / The Weekly Star (Wilmington, … / April 5, 1895, edition 1 / Page 1
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- . 9 v -r 3-' - . - the WLz&lu tor. r- - 'j: i PUUWtD AT ilmington. N. C. w $1 00 A YEAR. IN ADVANCE. 8SSSS8S8SS88888S8 "88888838888888888 gS8SS8888888S8883 83888888282888883 qiooW I S888S8828888888 82888888288388883 ssssssssassa T 88888888888888888 -""-sssssaas s u . ' 0. j: i i s : ' s i i J .it) Entered t the Port OIBca at WUmtgton, N. Second Clan Matter.! C, aa SUBSCRIPTION PRICE, I The .ubscripdon price of the Weekly Star ia aa ollowtj, . ' ' ai m wltXopy 1 yearj poitage para, a " 0 raouuu S man tin y 80 TBBOWINGIDOWN THE GATJHT- I LET. - -: -' ; i ago the Chicago Her- Some time aid (a Democratic paper of independ ent proclivities) which is run on a old rusis, published an editorial tbe gist of which, was a call on the ... I uk....t soil 10 . niUMCy, uuuwi uiuu.cjr men of all patties to "pool their is sues anu ma&c tuuiuiuu cauac g,i-.s- the advocates of the free e h -, . - l. : . Cumagc or suvci, ciuu iv uiuc u boldly and uncompromisingly under sound" money, "honest"' money- toy which it means gold standard. Early in teoruary last Mr. j. c. Petidnx, President of the National oion Bank, jf New York, delivered an address at. a maumaciurcrs uan quet.in Brooklyn, in which he took the same ground, and boldly declared that the fight Was to be made be tween silver and gold, that there was o-nrore tomfoolery, no more fence- straddling, no more compromising and nd more surrendering; that the beopleEast of the Mississippi and INorth of the Potomac, who, accord- ng tojfeim, are for "sound" money, honesttnoney gold must come together and dropping1 all other is- ues throw down the gauntlet to the pen of the South and the West and fight it out to the end on that line. This sentimenti which thus drew he sectional line, and declared un- Eompromismg war upon tne silver ollar, was accepted and applauded y the men who banquetted Mr. Hendrix and listened to him. If the hicagp paper to which, we have jre- erred and Mr. Htndrix spoke only or themselves their utterances wonld be devoid of, special significance, but hey do not speak for themselves bnly, ut for the men who control the money and the people whom they in fluence in the Northeastern corner of he Republic, the smallest in area bnt he densest in population, and the me which has grown, flourished and lecome rich out of the others. With ts accumulated riches it has become he money lendiog section of the Re public; its wealth has made it arro- gaut and imperious! and therefore it assumes the right to dictate what the policy of the Republic shall be in financial matters, just as it assumed he right to dictate what it should be In the matter of the tariff, which helped so much to bring riches to it. By its arrogance and imperious ressonihe tariff question it drove the masses of the people of other section's to make common cause pgainst it and the dictators were de eated. And so will It be with this arrogant combination which has ar rayed itself under the gold standard land thrown down the gauntlet to tbe people otthe other sections who con fend that there should be more than poe money metal in this country, and pat silver which held an honored place m our monetary system from the it Foundation of the Republic until it was demonetized in 1873 Is entitled fo and, should have an honored place now. If the silver-issue has been or will he forced upon this country and party lines are to bej drawn upon that these Uncompromising adherents of the yellow coin will jhave themselves to blame for it, for theie never was" a daysface the agitation for fair play or the silver dollar began when it was not in their power to put an end It by showing a disposition to do the fair thins-, and Place it is entitled to in oar tnone n T - " - w . l"y system, the place it had held nder all parties' and administrations 'Or eicrhtV.SPVPn VAire 1 he secret of their contention for gold and theirj opposition to the coinage of silver is not because thev do not believe that ilver is a proper money metal, for it is the money of ore than one-half of the human family, but because they do not want the volume of jthe currency increas ed, which would decrease the lend IQg value and interest-drawing power i the gold which tie money powers can easily and do control. They are opposed not! only to the further coinage 0f silver, but also to any in crease of the -volume of the currency, Qnless it remain with them to say what the increase shall be. The national banks, one of which the Mr. ttendrix referred to1 in the beginning 01 this article Is a distinguished rerj yesentativej favored the proposition made in the last Congress, and pro- VOL. XXVI. Tided for in the banking plan devised by Secretary Carlisle, to let the na tional banks issue notes to tbe fall ace value of the bonds deposited by them, bat they helped to kill that bill because it also provided for the estab- ishment of a system of State banks, which would come somewhat into competition with tbe national banks, which had a monopoly of the money- ending business. There was no free coinage of sil ver in that, but the State bank clause proved fatal to it, for that combined the National banks and the votes in Congress which they could control against it They knew when they helped to kill the Carlisle bill that its passage would practically put an end to the silver agitatioo, because the State banks would supply the people with tbe currency, they needed and thus remove to a great extent, if not altogether, the cause of tbe agita tion, but they would rather take thetr chances in a fight with the silver men, than consent to the establishment of State banks which would tike the control t)f tbe currency out' of their bands and bring competitors into the field which they . dreaded more than they xio free silver. With them it is a fight to retain the control they have so long had of the volume of the currency, that's all. The less there s in circulation the higher the" value and the greater the earning capacity of what they have, the higher the in terest on what they lend and the greater their profits. " y KIVOB. MEJTTIOS. In referring a few days ago to Great Britain's demands upon Nica ragua, we expressed the opinion that the purpose of obstruct' ng the pro gress of the isthmus canal bad more to do with them than the desire to resent an affront to Great Britain, or . ' . . r . r . io secure saiisiaciion ior mjusuce done to British subjects at Blue- fields. This is the pretence, the canal the real motive for the bluff stand the British Government has taken, and the dictatorial language used in stating its demands. That we are not alone in this opinion is shown by the fact that a few days ago Warner Miller and other promi nent stockholders in the canal called on the President, the Secretary of War, and on Secretary Gresham, with each of whom they had long confer ences, and urged resolute adherence to the Monroe doctrine, in the event that Great Britain shows d any dis position to take possession of terri tory in Nicaragua. It they were not fearful of British motives or British influence they would not be so much concerned in tbe resolute enforce ment of the Monroe doctrine, ad mitting that national pride may have something to do with this. But even without the attempted or ac tual seizure of territory in Nicaragua Great Britain may hope by these im perative demands to force Nicaragua into such a position that she could be influenced to give the cold shoul der to the Americans who hold the concessions and to revoke them at the first opportunity in the event the terms were not literally complied with . This is probably tne - game the British schemers will play, an underhand one, but when British interests are at stake those who have charge of them have few scruples as to the methods they employ to carry out their purposes We have written much in these columns about the preservation of our forests, a matter in which every one in North Carolina is more or less in terested, and in which the coming generations " are vitally interested We have timber enough now and by proper husbanding And care may al ways have enough, but it the reck less slaughter is to go on, and no thought given to the future it is only a question of time when this most valuable of all our resources, will be utterly destroyed. The destruction is going on now much more rapidly than is generally supposed. In dis cussing this question the North Car olina Geological Survey m a recent bulletin says that while m the total yearly growth of our forests is equivalent to about 9,000,000 cords of wood, the amount of timber now annually cut is equivalent to 11,000, 000 cords, that is, we make an icroad of 2.4)00.000 cords a vear on 'our forest, with no growth to offset the loss. In addition to this there is the vast destruction annually by fires, which destroy not only the standing trees, but the young growth, and the seeds which lie on , or under the sur face. The frequency of torest nres may be prevented by taking proper precautions, but it is next to impossi ble to prevent them altogether. The waste in cutting could be stopped if timber owners would exercise ordi nary discretion in disposing of or cat ting their timber, The trade journals pretty gener ally agree that there is an improve ment in the situation, and that busi ness is - picking up ' gradually,' but surely. Tbe steady ami moderate improvement shows that it is not the result of speculation, but is based on actual conditions, which encourages the belief that it will be' permanent H TTis is all that we had any reason to expect, and it is better that it should be . thus than have a spurt, overdo things, and invite 4 collapse which might prove worse than the original trouble. It may be here remarked that the South has been rather in ad- vance in the j improvement in the sitnation, for the Investment in enterprises has been steady, though not extraordinarily large, woue wey were completely at a ; standstill in other sections. The low price of cotton has been rather against as in the way of general trade, in as much as it necessitated an unusual amount of economy among farmers and others dependent upon daily earnings, bat this in the end may prove a blessing, for it has thrown our people more upon their own resources' and taught them a valuable lesson in self-dependence. It it should result in a change of methods on tfie farm; and the gen eral adoption of the diversified sys tem ; of . farming, then the "hard times" and five cent cotton will be blessings indeed, i The Norfolk Landmark thinks that if the. Japanese Government served the fellow right who; shot old Li Hung it would i boil him in soap suds." Why not utilize him and make soap grease out of him ? That Swedish engineer who pro poses to go to the North Pole in a balloon is a sensible fellow." This is much the surest way to travel up there, and decidedly the easiest way to keep out of. the jam of ice-bergs. THE ASSIGNMENT LAW. Its Paternity Aokaowlsdaed by Oa of tno 8mttb VMaily Bat Another Smltb, Who Was In the . ZjegisUtarr, Bar There's "Soxnethisjc Bottan In Den mark." ; RaUigk News and Observer W. M. Smith. Esq., of Cabarrus, says ; "I did it with my little bow and arrow, and did it atthe suggestion of Baltimore business men." He says the bill was originally Introduced by Mr. Smith, of Stanly, bnt the latter does aot believe that it passed the House. Smith, of Cabarrus, writes the follow ing letter to the Concord Times, which explains itself : "Editorof the Times: Being perfectly willing at all times td assume all respon sibility for my acts, 1 desire to say that the bill recently passed by the Legisla ture, regulating assignments, was pre pared by me, with the clause 'excepting mortgages for cash advanced at the time of their execution.' and . was introduced by Mr. Smith of Stanly, upon my arrival in Raleigh, which was five weeks before tbe adjournment of the Legislature. Tbe bill was referred to tne nnance commit tee, because it is well known in this State that heretofore no one has been able to secure any legislation which tended to the abolition of the iniquitous law allow ing preferences in case ot assignments, and because the judiciary committees had seen proper to report unfavorably upon every bill which, came before them of this nature. It is well known that in nine assign ments out of ten the rale is to protect the creditor's wife, or her relatives, either for bona fide debts or fictitious ones, at the expense of honest creditors. whose claims are as meritorious as any that the creditor owes. Only recently I was telegraphed to from Baltimore to stop s lot of goods, and when I applied to tine railroad agent at this place, I was informed that tbe goods bad been delivered only a day or two previous to a ' certain party who bad just as signed; and instead of the debt being s ecu ted in the assignment it was entirely ignored. While tbe bill, as passed, may be very unsatisfactory to persons who are doing business upon laise create, still I have no doubt but the Supreme Court will hold that it does not apply to mortgages given as security for cash Ad vanced at tbe time of the execution of tbe mortgage; and. if they so decide, then there will be no question but what North Carolina will be greatly benefitted by the Act. v . I might add tbat the bin as prepared by a certain ex-Judge at the instance of certain parties in Baltimore, was sub mitted to me, and I agreed to accept as a substitute to my bill, and Mr. Smith doubtless would have done so had the substitute been offered, for the reason that it had a cause in it. similar to tbe one which the Finance Committee saw proper to strike out of the bill as pre pared by me. It was well known in Raleigh that l was there with a view ot changing our laws upon , the subject, and. in order tbat the matter could be fully discussed, the bill was made a special order, but for the tact that the Confederate monument displaced tms bill, it would have come up earlier in the session. i : W. M. Smith. March 28th. 1895. MR. SMITH. OF STANLY, IX) ESN T AGREE. I n view' of the above letter we take the liberty of printing the following let ter irom Mr. K. L. smith, who repre sented Stanly county in the House. It was not written for publication, but we print it to day so that the action of Rep resentative Smith cannot be misunder stood. He says : , Norwood, N. C, March 27. - Mr. Daniels: Dear Sir I notice in to-day's paper that you give the text of a bill passed by the last Legislature regulating as signments. If this bill is a law it was certainly forged through the House and Senate. I remember well that tbe bill came up on its second reading on March the 11th or 12th, and on motion of Mr. Lee, of Ha v wood, it was tabled by a large vote. It was a House bill and bad never been to the Senate.: The next day after the bill was tabled I met tbe Principal Clerk ot tbe House on bis way to the Enrolling Clerk's office with a number of bills. He stopped and showed them to me, and among them I lound that bill, and told him that the bill was tabled the day before and had never been to the' Senate. ,, I examined the bill and found no mark or stamp of where the House bad taken any action on it, except tbat it had passed the first reading, and bad been referred to the finance committee. He said that he would go back and see about, it. Tbat was the last I heard of the bill-while I was there. If you will investigate tbe journals of the House and Senate you will find tbat I am correct, unless they have been ''doctored." -There is cer tainly something "rotten in Denmark" in regard to this bill. I hope you will ferret out the matter. Yours truly. - R. L. Smith. EEKL WILMINGTON, N. CJIDAY APRIL 5, 1895. WILL GET THE BONDS. Tb WUmtBgtoD, Oaalow and Xaat Caro luw Ball road Wis to th Snprcm Ooart. Tbe Wilmington. Onslow and East Caioljna (now W.. N. and N.) Ralroad Company bat gained its bond case, which was taken to the Supreme Court oa appeal The News and 'Observtr Rives the following digest of the opinion of tbe Court: . ; Wilmington. Onslow and Bast Carolina Railroad Company (sppellaatr-) . vs. Commissioners or Onslow coantv. - from Onslow county. Opinion by Fur- . ches. j. .:-: . j When ia aa action for a mandamus to compel defendant to issue to tbe plain tiff certain coupon bonds, nnder aa act oi tbe Legislature, wbich authorized the question of issuing bonds to Skid plain tiff to be submitted to the qualified voters of the county, the defendant re sists upon the ground tbat tbe said act- provided that such election should be held within forty days, wbich was aot done; that 4t did not appear that thirty da) s notice ot said election was given, as the law required; aad that a aew registra tion had been ordered which was con trary to law; Held, 1. Tbat time is not of tbe essence; tbat tbe issuance of said bonds being the will of tbe qualified voters, and where it is aot shown tbat there was fraud or desiga ia postponing the elec tion, it will not vitiate or declare tbe electioa null and void. The time men tioned lathe act was not mandatory, bnt only directory. I , ' a. Code, section X875, expressly pro vides that the County Commissioners may order a new registration before aay electioa. Smith v.Wilmmgton, 98 N. C 813. distinguished. i 8. Where tbe defendants admit that there was an electioa held under their direction aad management, the law pre sumes tbat, they did their duty, 1. e. gave aotice, &c . . 4. The election was not void became tbe Commissioners did not declare tbe, resnlt showing tbat a majority bad voted for "subscription." Consequently the question whether majority had voted ior tbe subscription was one to go to tbe jury, error. - new trial. AFFAIR8 IN RALEIGH. The Aaalirnment Aot A Test psetsd from Belelah or Dor ham The Seaboard Ait Una Boycott-Bslelth's Maaloipsinaewttoa Oorerno Cert Be eupeMttaa Base Ball Attractions. Star Correspondence Ralxich, N.CX. March 80, 1895. Governor Carr left to-day for his coun try home ia Edgecombe county, where he will take a few day's recreation. CoL Joba H. Winder, of Atlanta, Ga, General Manager of the Seaboard Air Line system, is la the city. He informs your correspondent I that a ' decision in the boycott trial, which was held in At lanta a few days ago, will aot be reader! ed for several days. He is confident that tbe Seaboard will win. Nearly all the county sheriffs have set tled their taxes with the State Treasurer. A special train was run oa tbe Sea board road from Henderson, ia order to allow parties desiring, to attend the Marine Band concerts. -' Two concerts were given. The band is fully up to the flattering standard ac corded it by tbe press. Tbe municipal election is the most talked of thing in Raleigh at present. The new charter makes tbe positions of Mayor, City Clerk aad Tax Collector electable by the people. Heretofore they were selected by the Board of Aldermen. Mayor Badger, the present incumbent, is a candidate for re-election, snd there are several other strong men in the field. When last heard from there were tea candidates for Clerk. The Democratic primaries occur April 8th. The Republicans held a secret meeting last night It wss decided to wait until the Democrats make their nominations.' before they take action. Lose Harris aad other prominent Re publicans favor a "citizens' ticket." Loge says the Republicans will win on such a ticket. He is ia favor of selecting a bus-' inesa man who is a Democrat to bead tbe ticket. . i Your correspondent learns from-s prominent lawyer that a test case of the assignment act is expected to-day from Greensboro or Durham. Civil courts are in session at both places. Perhaps it would be news to a good many people to know that it is not necessary to bring the case before a civil term of Court. , If a Judge of the Superior Court hears a case where there is a controversy without action, an appeal can be taken from his decision to the Supreme Court. . Promi nent lawyers are of the opinion that the Supreme Court will give precedence to the first case that reaches them, over all others oa tbe docket. The Telephone j Exchange has been removed to more convenient and com modious quarters. The effort to inau gurate a new exchange here has utterly failed.- Prominent business men were behind the enterprise. Raleigh will have some celebrated base ball ' attractions here next week. Tuesday, University land Lafayette play here. Wednesday, Baltimore National League team and Wake Forest cross bats, and on Tuesday Trinity and Wake Forest meet. To Test the Iw. . . ' The .Charlotte Observer says: "The Building and Loan Associations of the city had a meeting yesterday, and de cided to bring action ta test the law in regard to the act to Regulate assign ments, nr. is. l. nunter win Dring ac tion for the Mutual Building and Loan Association. The I case will be tried next week at Lincoln 'Court, before Judge Robinson, and will be taken im mediately to the Supreme Court. ' . The Savannah Frets says: "Au gusta is taking steps to reorganize ' her Carnival association. Savannah's com ing May carnival seems to have waked up Atlanta and Augusta to make efforts in the same line. The carnWal idea is likely to be a very popular one." This is given to the Star as a reminder to Wilmington. i The P. O. Department will be self sustaining soon. It has- taken the postal clerk off tbe Sunday train of the Carolina Central between Wilmington and Hamlet. This is a species o! cheese paring tbat does the .P. .O. .. more barm than good. ; -sxjj Mr. j. m. troniy, who has serv ed as Special Deputy and as Deputy Collector of customs here some six or seven years with ability and fidelity has .resigned the position and will be succeed ed by Mr. James S. Worth who will as sume the duties of the place tomorrow, and who is thoroughly qualified . toe the workv At A. D. Brow Dry Goods w A BmuUfal DiapUy Crowds of ZifcdlM ta The Spring opeaing at Mr. A. D. Brown's large aad handsome store. No. 9 NorthPf ont street, was attended by a vast concourse of people. The doors of the establishment wereT thrown open to tbe public at 8 o'clock last evening, and from that time until near midnight the place was thronged with delighted visi torsladies, of course, betas largely ia tbe majority, although there were quite I a number of gentlemen. Tbe display of dress goods. laces, em broideries, and tbe thousand and one varieties of other articles that go to make up the stock of a first, class dry goods store, is the largest ia the history of the house, ana the ladies last night said it wss the most beautiful of any ever seen la Wilmington. The new summer fabrics crepon. silk and wool were displayed in prolusion and greatly ad mired was everything else, r Tbe taste and skill showa ia the ar rangement of thegoods was excellent and evoked praise from everyone. There were marvellous effects in draperies tbat were really enchanting. Two ot the de signs. Rainbow" and "Sunshine," were strikingly handsome. The "cloak room on the second floor, was a bower ot beauty with its splendid draperies, and the Japanese corner where all sorts of fine fancy' wares were shown; excited great admiration. ! Throughout the brilliantly lighted building, ferns and palms and other growing - plants were arranged, and added i very much to the beauuiui display. - -::-h Mr. Westbrook, one ot tbe employes ia tbe 'store, had general direction of the arrangements, and was ably assisted by other employes and by Mr. Wo. Rehder ia the arrangement ot the plantr. lisml Complications. The H. B. Claflin Co.. ot New York, through Ricaud & WeiH. attorneys. levied an attachment Wednesday morn ing at 8.85 on the stock of goods as signed j by Messrs. Davis & Zoeller to F. H. Stedman oa the 21st instant. This ' action was based oa the act of tbe Legislature invalidating assignments with preferences which has occasioned a sensation in business circles throughout the State, This proceeding was imme diately followed by another deed of as signment by Messrs. Davis & Zoeller to Geo. H. Howell, drawn in compliance with said statute, which was recorded at 9.08 a. m., and late, in the day a third conveyance was recorded from said firm to F. H. Stedman, explanatory of the two former ones An interesting legal complication thus arises lor tbe decision of the courts as to who is the assignee of Messrs. Davis & Zoeller, and as to the effect of tbe attachment; but the question of the far-reaching results of this extraordinary statute outside es as signments will not necessarily be deter mined ia the decision of tbe courts in tbe above mattets. May Looate Here. - The Rockingham Rocket says: "It is a cause for general regret that Frank McNeill. Esq, has finally and fully de cided to leave Rockingham. Tost where be will locate he has not fully decided. Fortunate is the olace that I secures him. for as a citizen be has ao Superior and as a lawyer-few equals auvwhere." A iriend ot Mr. Mcweiu tmorms tne Star that it is among the possibilities tbat be may locate la wumington. A Word Omitted. In one article which appeared in the Star yesterday Section 1 ot the Aa to regulate assignments was! printed cor rectly; but ia another article the word "mortgages' was omitted. The section is therelore reproduced below : "Section 1. Tbat all conditional sales. assignments, mortgages or deeds in trust wbich are executed to secure any debt. obligation, note or bond which gives preferences to any creditor ot the mater shall be absolutely void as to existing creditors. Boatbport to Hare Another Hotel. The Hotel Brunswick, tbe Southport Leader says, will be opened this season. and the thousands of friends of South- port will again be given an opportunity of enjoying this place's unrivalled climate during the summer months." Southport as a Summer Resort, stands so distinctly above all other places that it needs no special commendation, every visitor here is a living and striking ad vertisement of tbe health of tbe place. "Charlie Bennett, the popular and well known, will be in charge of Hotel Brunswick, and this speaks for a cer tainty of good cheer and entertainment for all his guests. The hotel building will be put in good order, preparations to begin at once, and tbe opening will oe in time ior early summer guests. i-.:4--' Bhoodng Affair in Halifax County. r A correspondent of the Star writing from Weldon says : At Tillery, Halifax county Thursday a white man whose name your correspondent 1 did not learn who was an employe of the North Carolina Lumber Company had some harsh words with a negro when another white man shot him, the load taking effect in his face; I learn' that he is doing well. The white man left for the woods. He is not a native oi North Carolina, and has not been there long. Changs of Officers. : vj"- At a meeting of the Directors of the Wilmington Savings and Trust- Co, held yesterday, Mr. Jas. S. Worth ten dered his resignation as Cashier, to take effect f Aonl 1st. Mr. Worth could not be prevailed upon to withdraw his resig nation, as he is confident that his health requires 'more' active, out-door work. His resignation ' was accepted with much regret on the part of every mem ber of; the Board, as the Bank's affairs have been very prosperous under his' Cashiership. - - Since Mr. Worth was appointed Cashier ot the Company, less than a year ago, the deposits have increased from $50,000 to over $140,000. j He has been appointed Deputy' Collector of. Customs here, but will continue his connection with the fire insurance firm of Stedman & Worth, and will also be a member of the Investment Committee of the Trust Company. . H - Mr. George Sloan, who has held a po sition in the Atlantic National Bank for several years, and is much esteemed for his ability and high character, succeeds Mr. Worth as Cashier of the Savings and Trust Company.' . - The first asparagus of the sea son was cm the the market yesterday. It sold at 85 cents per bunch. i Star PROSPECTIVE C0TT02T PRICES. Stocks Smelter Than Canal In lirat Hands-The Xffset of Diminished TJae of j I'erUllssrs A rJCaterlally Bedaeed Aeresge XxpeoUd. Notwithstanding the fact that tbe old crop of cotton is still coming to market rather freely, the course of prices during the past tew days has indicated unmis takably that the cotton trade of the world 1 is beginning to realize that the fleecy staple Is cheap, and that tbe low level of prices wbich has prevailed has stimulated , consumption enormously. It has been evideat tor some time back tbat there has been a prompt disposition to buy developed on all breaks in tbe market, and no corresponding liauida- tion on improvements, showing plainly tnat mere are numbers of speculative purchasers who -think well ot cotton at present prices, and believe that the time is now near , at band when a materially higher level of prices is probable. j Notwithstanding the immense weight of cotton which has been marketed this season, there is no surplus remaining in the country, -On the contrary.' the stocks are actually smaller than, usual at this season of tbe year in first bands, while Eastern spinners . are known to hold much lighter supplies than is com mon, i Kepons come from Manchester to tne enect that there has been a very good business there, and that the pros pect for an active movement as soon as tbe war in tbe Orient is over is excellent. Notwithstanding these facts. Lancashire spinners hold no large surplus stocks; and probably have not sufficient to cover their orders. As soon as the spinners realize tbat tbe turn in prices has come, there will be an active demand to replenish stocks. particularly as the outlook for trade is good both in New England and in Man chester. The only element of uncer tainty that still remains in tbe way of a rapid advance in prices is tbe question of the acreage to be devoted to tne next crop. There are some persons who pro fess to believe that the farmers will go on growing cotton on the same liberal scale I as last year, notwithstanding the heavy losses, that recent low prices have caused. It is difficult to believe that such Opinions can be seriously enter tained when the past- history of the cotton. trade is recalled. It is true that tbe 9,000,000-bale crop of 1891-92 was preceded by three very large crops; bnt It should be remembered that, dur ing that succession of years, very lucra tive prices prevailed, without a break. The 900,000,000-bale crop, however, caused A radical decline in values, lead ing to a radical reduction in acreage, as wen as to a greatly reduced yield per acre, owing to the diminished use of fer tilizers, tbe total commercial crop in 1892-98 reaching only 6,700,000 bales as a result.. There is every reason to believe that similar results will be realized this year. even without an organized effort to re duce acreage. Lets, lertiiizers win be used, because the farmers are not able to purchase them, and that element of tbe situation alone will not fail to make a material difference in the yield. ' Less land will be planted, because farmers will find extreme difficulty in securing advances, hence will be ; compelled to limit their operations and also to devote a good portion of their time and labor to food crops. It should likewise be remembered that the weather has been such during the past winter as to promise high rivers in the spring. An overflow would prevent the employment of thou sands of acres which were last year devoted to the fleecy staple. Again, who is so bold as to expect a repeti tion of the most perfect meteorological conditions experiencedn the history of tbe trade. Irrespective, therefore, of the efforts being made to secure a general and uni form decrease in acreage throughout the South, the present season is practically certain to show a materially reduced area devoted to cotton, as well as a much smaller production per acre. At the same time the farmers appear to be gen erally convinced of the wisdom of the proposed reduction in acreage, and the prospects'now point to a quite general adhesion to the Jackson, Miss., plan oi procedure. BAYVIEW NEWS. Editor Star: It may be of interest to some of your readers to know that work is being pushed on the last tressel of the Bayview (Onslow county) railroad. It is twenty-four feet high ana ot tne most substantial material. The timbers are all fitted and the work of construe tion began to-day, tbe first bolt being driven by Miss Virginia westDrooK, ot Faison, much to the surprise and aa miration of all the carpenters, laborers and others present, to whom it was a novelty to see that charming and plucky young lady at such an elevation plying the mallet to that first bolt until it was driven home amid much waving of hats and applause. Dr. Porter is on the ground early and late which means the work is to oe ousnea to rapia comple tion. We now have a daily mail at Bay view and everything is taking on new life. Strawberries and early vegetables promise well in thissection. I March 27, 1896. bayview. Affairs at Weldon. A correspondent at Weldon writes the Star:- The Seaboard Air- Line authorities are having the bridge over . Roanoke river here made much more durable. Several men are at work on it. A' little four-year old colored child was burned to death here Tuesday night. She stuck a match to the oil while a lamp was ; being filled, without the knowledge of the person nuing it. A great deal of work is being done at Roanoke rapids. A knitting and cotton mill is being erected, on which a num ber ot hands are employed. Detailed for the State Guard. Major "Jack" Hayes, the United States Army officer detailed for duty with the North Carolina State Guard, says the News, is the "Capt." Hayes who was stationed in Charlotte 'eight years ago, in charge ot tne recruiting station then in existence here. He was the captor of Gov. Vance at Statesville, and he married" a lady of Morganton, this State. Since the war. Capt. Hayes has been most of tbe time in charge of troops, in the West. He is one of the most agreeable of . men there is a per sonal magnetism about him that cannot be resisted. The News congratulates the State Guard that it has fallen into his hands. The position of the Stab as ' to the proper construction ot the law regu lating assignments is indorsed by several prominent inwers oi this city who nave carefully considered s the intent and scope of the law. They say the Star is strictly correct in saying tnat tbe law is "creating unnecessary alarm in business circles. - The Columbia State of Friday had a long article headed "Notable Mill Men; bnt it did aot once mention Cor- bett or Fitzsimmons. NO. 22 -: 1 HE ASSIGNMENT LAW. The ConaeTatfe View of The "Star" 8 at tained Opinions Ttarn, Various Bonroet, Inoludies That ot Attoraey-Greneral i oaoorae. The Star is gratified to see that its conservative position' in tbe new law regulating assignments is being very generally sustained since tbe "sober second thought" has asserted Its power. The annexed extracts from the edi torial and local departments of the Charlotte News are almost strictly in line with the position of the Star : C "Following in the lead of some of its morning contemporaries The News was inclined to adopt the; idea that the act pf the late Legislature, just brought to light, which has been creating such a stir for several days, would have the effect to ' prevent!: lending money on mortgages by banks, building: and loan associations, or individuals, and would also prevent farmers from obtaining sup- 1 : ,1: . . . . piics u pun trup ncns ana came . mori- . . i We feel greatly relelved. The burden has been rolled away and the impending disaster averted. The act nullifying preferences in assignments appears to be harmless except as to preferred credi tors, hence the necessity for an extra session -of the State legislature does not exist." It will be observed' that the mort gages, etc, referred to, and prohibited by this act, are those which give prefer ences, and tbese are void as to existing creditors, in otner words, only such conveyances are prohibited as give pre ferences . j among existing creditors. . Ii that be so. then of course a mortgage for a new debt or a crop lien or other conveyance to secure a present purchase or loan would not be affected. Tbe caption of the act, which is usefu to show the intent of the Legislature, and as we are informed by a legal friend is always taken into consideration by the Courts in construing laws, is as fol lows: - "An act to regulate assignments and other conveyances of like nature, that is, of like nature to assignment, and it is well! known that assignments are always understood to mean conveyances to secure i existing debts, and that the word is j never applied to mortgages, crop liens, etc. made to secure new loans or purchases. V - .! The foregoing are extracts from News editorials. The following is from its local department: l ' . i . The Charlotte lawyers have been hold ing conferences and interchanging views on tne new taw. i ne opinion is tnat tne situation is not so boneless as has been represented, and all look to the Supreme Court to get the State out of a paralyzing predicament.. Major C. Dowd says My opinion is tbat tbe act applies oniy to such conveyances! as give preference among existing creditors and does not apply to mortgages and other convey ances for present or future purchases or loans. '. . ' : This was my impression received from the first reading of the act and. has been strengthened and confirmed by further perusal and discussion. Such was evidently tbe legislative intent and I think that intent is expressed in lan guage sufficiently intelligible, though not conspicuously apt, lucid or gram matical. ;. . . V Mr. W. C. Maxwell agrees with Mai. Dowd. ,j ' . i Mr. Geo. E. Wilson says that tbe Su preme Court can and doubtless will . i - j i y a laice me view, presented oy eaaj. uowa, but that it would be ioolisb to take any risk until after the judicial construction of the law is on record. CoL H. C lones thinks that there are objections to Maj. i Dowd's argument, but he also thinks; that, the Supreme Court will take advantage of any doubt to get the State out of its dilemma. Mr. Heriot Clarkson sgrees with Mai. Dowd. ' 'r Mr. Neill Pharr thinks that the con struction ot tbe law ps not 'safe, but that the Supreme Court will easily see what was really intended and so decide. A gentleman from Raleigh informed a-J reporter of tbe Greensboro Record Thursday, that while not passing upon it, tbe Attorney General said it was his opinion that tbe Supreme Court would put a very liberal construction upon it. In substance be said : "The obiect of . the new statute evi dently is to prevent preference in assign ments or deeds of trust. -" The idea was not to prevent the giving of .mortgages, although the law looks that way. My opinion is the Supreme! Court will hold tbat it does not prtvent this where tne money is paid over at the time, but tbat a man cannot give a! mortgage to secure a pre-existing debt, for this would be a preference. " RECEIVER APPOINTED Vat the laws Firm of Dsvls ft Zseller of '4-- 1 "" Wlhnlncton. Upon application of Jnq. D. Bellamy, Jr attorney for C B. Rouse and others. for the appointment of a receiver for the late firm of Davis & Zoeller, of Wilming ton, Judge Hoke ofthe Superior Court, in Chambers, last Thursday, issued the following order: j " j . State of North Carolina, Niw Hanover County. C. B. Rouse et aL vs. S. J. Davis, A. H. Zoeller etal, This cause coming ion for hearing at Chambers upon complaint filed in this cause. -.. ,.. ... .i . . It is hereby ordered, adiudged and decreed that Frank H. Stedman be and he is hereby appointed Receiver of all the effects and property of tbe late firm of Davis zoelleri V "And the said F. H. Stedman rs au thorized to enter into and upon the said property , and take -possession of the same and to sell and dispose of the same by retail or as awholeastobim may seem best, but before selling tbe same at (retail) or as a whole be shall first re ceive the sanction and approval of the Court before accepting a bid therefor. Before entering upon the discharge vof his duties as said Receiver, tne sara Stedman is required to enter into a bond In the penal sum oi ten thousand dol lars for the faithful discharge of his da ties, with surety to be approved by the Clerk . of . the Superior court of Mew Hanover county. And it is further ordered and adjudged that all parties and creditors of the said firm are hereby restrained from any in terference with the premises until the further order of this Court. This order is made without preiudice to the liens of attaching creditor and the Clerk will issue notice to such credi tors and other plaintiffs and' defendants to appear before at Jacksonville, N c., on Tuesday. April 2d, 1895, and show cause, if any they have, why this order should not be continued to the hearing. w. A. HOKE, Judge Presiding. It is stated that the Charlotte lawyers are making up a test case under the new assignment law, and will have it before the- Supreme . Court at the present term. . rtinston Free Press' Mr. Robert L. West, aged abdut 80 years: died last Thursday at his home in Sand Hill town- - ship, after a short illness - - Raleigh News and Observer. I Three illicit stills were raked in at a single baui yesterday. And three depu ties made the raid. All the stills were taken in within a few miles of each other In Granville county, Brassueld s town- - ship, just at the point where Wake, Granville and Franklin come together.. Monroe Enquirer:- Mrs. Hugh . Norwood, of Walkerville, Tackson town ship, gave birth to triplets, all three boys.' on the 21st inst. 4 The boys are living and doing well. Mr. A. J. Austin, of Goose creek township, is the father pf . five sons whose combined weight is one thousand and-eighty-five pounds. Mr. Austin's : weight is two hundred and fifty pounds Charlotte News : " "Mrs. W. A. Cochrane, wife of contractor Cochrane, died at her home this morning after an illness of several weeks. Dr. Charles E. Taylor. President of Wake Forest College, has gone to woik in earnest to secure the $100,000 additional endow ment for -Wake Forest Co'lrge. He has . already succeeded in raising $15,000 of this fund, of which $10,000 is for tbe en dowment of the Royal Cbair of English.' Weldon News: Captain W. H. Kitchin will bring suit to test the ques tion as to whether or not tbe new direc tors of the penitentiary were properly elected. It they were elected Captain Kitchin is to become manager of that institution, it not, the Democrats hold it as heretofore. - Mr. . William C. Thome, Solicitor of Halifax county Inferior Court, died at bis borne at Enfield last Friday night, aged about 86 years. j Gastonia Gazette: The other day a New York man passed through Gastonia returning from a prospecting trip near Clover. On one larra he found monazite in fairly good quantities and the owner now holds- tbe privilege of washing at $3,000. Mr. Buck Bumgar- . ner finds mineral on the McKee Brad ley plantation and will wash for monan zite on that place, paying Mr. Bradley one-sixth for the privilege. .Smithfield Herald:, Wesley Deacon, a colored man who resides here who is subject to fits, fell into the fire last Monday and it is thought is inter nally burned. He was at tbe borne ot Alex Watson, two and a half miles be low here, and was standing near the fire when he was taken with a fit and felln-. -to the fire burning himself in several places very badly. He fell with his face jn tbe fire and remained there several minutes. The Charlotte Observer: Speci mens of monazite have been found In several places 'near Taylorsville, Ax ander county. Mr. I. M. Matbeson is one of the lucky men. Parties are pros pecting, and if the . find proves genuine" there will be general rejoicing, v Several mines are reported in this county but , none of them have been worked, as the parties who mad; tbe discovery are keeping tbe matter in the dark... ,.; . -. . VfafasbOTO Messenger-Intelligencer: Mr. Tom Teal, an aged citizen of Morven township, died last Friday. Mr. Teal had been an invalid for a long time and his death was not unexpected. The better element 'of the Populist party in this county are bitter in their denun ciation of the . Douglass Legislature. ' I They cannot stomach tbe actions of the mongrel crowa tnat came near ruining the: State in the sixty-three dajsthey were in session, and they now tee clearly tbat there is no longer room lor decent men in such company. Raleigh -News and Observer: Ham C Long, chairman ol the Republi can Executive Committee of Chatham county, was brought here yesterday and placed in the insane asylum. He has long been a prominent politician in Chatham, and was once a roan of con siderable means and influence. He stayed in Raleigh all during the session of tbe late Legislature, and was a candi date for State Librarian; he was ap pointed a justice of the peace. He bad been on tne verge of insanity for some time. Charlotte News: W. T. Speaks, a piano tuner, was arrested to-day on . the charge of embezzling $200 from 1 Sydney Rankin, of Gaston county. Speaks visited Rankin s bouse some time ago and tuned a piano. Mr. Ran kin took a fancy to Speaks and entrusted him with a note on J; W. Kelly, ot Char lotte, for $200.aMr. Rankin atked Speaks to collect it and send him the money. Speaks, so Mr. Kelly charges, collected the money and kept it. He had a war rant issued for him and be was arrested to-day at Mooresville. Southport Leader : A white man named Synder, was brought down from Wilmington and lodged in jail here for recently robbing the Methodist Church, defacing the furniture and com mitting outrageous depredations on the premises of people living in upper Bruns wick county, tie was arrested by con stable S. J. Rowell, three miles from Wilmington. Snyder, it seems, has ter rorized many ladies in this county, and his arrest will afford great relief to many of them. Snyder went from residence to residence begging, and for some tancied aitront ne nas tnreatenea tne me oi several ladies. He had a list of their names when he was arrested. GOVERNOR M' KIN LEY. . . m m Or Entertained In Boyal Style at Savannah Left for Washington a Midnlaht. Bj Telegraph to the Meaning Star. . Savannah, March 80. Gov! McKin- ley was shown the hospitality of Savan nah to-day in royal style. He was visit ed ' by' tbe city council, headed by the Mayor, this morning, after which he and his party were given a carriage drive over tbe city, visiting Bona Ven tura Cemetery, and afterwards Thunder bolt, where a fish dinner was spread. This afternoon he accepted an invitation to meet the prominent colored men of the city. Tbe meeting was arranged ia one of the colored churches of the city and -there i were present about 50 colored ministers, professors and politicians. .Speeches were made by Rev. E. K. Love and Rev. J. J. Durham, after which Gov. McKinley made a few remarks, speaking only oi progress of the race in education and national advancement. To-night be was tendered an informal public reception at the Commercial Club, where be was welcomed by President Edward Karow. Gov. McKinley thanked the club for the reception, and tbe citizens for tbe cour tesies shown him, but made no speeches. In speaking with a local Republican Mr. A. N. Hanna, who is in charge of Gov ernor McKinley 's plans, said tbe trip bad afforded much encouragement and pleasant assurances had been received on all sides. Governor McKinley and party left for Washington at midnight. FRANCE AND ENGLAND. Comment of Trench newspapers on the Egyptian Dlffioulrj. - By Cablets the Morning- Star, Paris, March 80. The Temps, com menting on Sir Edward Grey's speech n the British ' House of , Commons, says France will endeavor to preserve her equanimity, though recognizing the moment as grave, and the problem as difficult ia the matter of the points of dif ference regarding Great Britain's declar ations that tbe Upper Nile is Egyptain territory, and therefore withia the British sphere - Despite British shiftiness, the Tempi says, we do not despair of settling tbe question peaceably. - La Patria de scribes the British as rodomontades. -s
The Weekly Star (Wilmington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
April 5, 1895, edition 1
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