2 A MONUMENT TO HIS MEMOOY N.C. R. R. Stockholders will Rear One to C, S. Graves. MEET AT GREENSBORO DECIDE TO DONOII HIM WHO MADE IiOAI) POSSIBLE. WHO DID it: AT PERSONAL IS^CRIFICE Business of Road as Shown in Reports of Cffi cials. Spencer B. Adams Appointed Secretary and Treasurer. General Hoke. O ' (Special to Charlotte Observer.) ’ tJreensboro, N. C., July 13. —The old fcmanl of directors of the North Carolina Ttailroad met in the parlor of the Mc- Adoo House, this morning at 10:30 o’clock. Nearly all the members were present. Mr. R. M. Xorment, the presi dent of the board, submitted his report, which was approved. Anions other things this report states that: “The expert's report shows the com pany’s proiHM'ty mneh improved since last rc|H>rt and that the terms of the lease are being complied with. Among the import:mt liettermcnts are noted the following: Steel rail being substi tuted for iron, gravel and stone ballast being used, a handsome stone and brick passenger station taking the place of the old wood structure at Greensboro, Extensions, painting and general re pairs at nearly all the stations along the line. “The Southern Railway first consoli dated mortgage bonds held as security under the terms of the lease to secure the payment of the fental have been exchanged for United States 3 per e® t. bonds, issue of USDS, registered in tin* name of the North Carolina Rat road and deposited in the First National Rank of Charlotte, X. C. * Reports were also submitted ly Mr. C. A. Cook, attorney for the board, and by the secretary, treasurer and tile finance committee, all of which received the approval of the boarq. The report of the secretary, Mr. 11. It. Worth. Is as follows: Liabilities—Capital stock, $4,000,000. Floating debt: Temporary loan, SHV 000, unpaid dividends. $2,719.50; 3 ptr <*ent. on dividend No. 30, due An trust 10, 1808. $120,000; dividend certificates, $108; total, $132,827.50. Profit and lose., $808,302.98; total, $5,001,130.48. Property Assets—Construction and equipment, $4,975,027.53; Northwestern North Carolina Railroad stock, $20.1)00; State University railroad stock. $5,000; total, $5,000,027.53. Cash assets: Divi dend tax, $17.95; hills receivable, $300; rent book, $2; total, $319.95; cash "on hand May 31, 1899, $183; total, 001,130.48. Mr. W. J. Sutton’s rep art as treas urer is: Receipts—From lease of road, 82(5)5,- 000; from rents, $137: from lease union passenger station, Raleigh, N. C.. $900.- 52; real estate, $200: interest, $3; front loan, $10,000; total. $2" f. 252.52; to cash on hand June 1, 1899, $4,400*81; total, $281,719.33. Disbursements—Dividends, $2(50.- 010.50; temiNtrary loan, -SlO.OOO; ala ries, $3,150.03; legal expenses, $400; in cidentals, $1,775.38; interest, $111.11; total, $281,530.33; cash on hand May 31, 1899, $281,719.33. Just after the old hoard adjourned there was a meeting of the stockholders of the road, the smallest In years. The large majority of the stockholders were represented by proxy through Mr. Benehan Cameron, of Stagville, and Mr. Hugh Mcßae, of Wilmington. This - meeting was altogether iH*rrunetory, and the only business transact 1 :! was the election of the four directors :hat the stockholders are enqwiweml to appoint. Among the stockholders present were W. E. Holt, Lexington: E. C. Duncan, Raleigh; J. It. Ruffin,'Tlills'oorn, Cha . R. and It. W. Thomas, Thomasville, and B. S. Jennan, Raleigh, cashier of the Commercial and Farmers’ Bank, who acted as presiding officer. In Die afternoon* there was a meeting of the new directors. As now constitut ed the board is as follows. General It. F. Hoke, Raleigh; Benehan Cinieran. Stagville; Henry Frits, Salem, and H ugh Me I? ae, Wilmington. Directors appointed by tLo Governor, tot the State; J. S. Armstrong, Wilmington, W. B. Ellis. Winston:; J.A. Smith. Bes semer City; W. N. Gilchrist, Wilming ton; V. S. Lusk, Asheville; John C. Au gier an 1 W. O'Brien, Durham, ami Lawrence S. Holt, Burbnglun. Mr. Arms* •vmg was elected president of the new board. The offices of secretary and treasurer were consolidated, and ex- Judge Spencer B. Adams was ap pointed to tiiis position* at a salary of about $2,000. There was considerable wrangling as to wind her Judge Adams should be required to exercise a per sonal supervision over his new office, which is re-established at Burlington, but a proposition to this effect made by Mr. Cameron and others, was voted down by the hoard. It is now Judge Adams’ province to farm out his office to whom he wishes. It was decided that thi* deposits of the Itoard should be placed in tin* First National Bank, of Charlotte, the Fidelity Bank of Dur ham, the First National Bank of Ral eigh. and the Atlantic National Bank of Durham. The board considered the re quest of a Mr. Anderson, representing Travers and Company, of Richmond, that five new certificates of stock be is sued in place of five old shares of stock, alleged to be lost. The board, however, deferred action in this matter until there should be a ruling of the Supreme Court in a similar east 1 that is soon to he tested. The only other question raised was that of tweeting a monument to Calvin ,S. Graves, of Caswell county, who as President of the Senate gave the deciding OASTORIA Ow Kind You Haie Alwajo Bousi vote for the appropriation to the North Carolina Railroad, and thereby ruined ins political prospects. He was a man of great prominence and much force of character, and he knew that in casting his vote as lie did be would ever receive the eternal condemnation of his consti tuents, who were old-fashioned, unti-ap propriation Democrats. Years ago the stockholders decided to erect a monument to his memory so soon as they should have available money. The new board deeided to erect the monument at Greensboro and voted SSOO for that pur pose. Very prominent among the members of the hoard was General Hoke. He has just returned from Cranberry, where he went with a party of engineers to decide which is thi 1 most practicable line for the railroad from Lincolnton to 'Cranberry. General Hoke has just had completed a survey down Wilson creek anil Upper creek Reconnoitcring seems to indicate, said the general, that the best route for the road is down Upper creek and by or near Morganton. r l his road will proba bly connect with the East Tennessee and North Carolina Railroad at Cranberry, which extends via Eli/.abethton. to John son City, Tenn. A survey has also been made from xiorganton up Johns river, via Blowing Rock, and down tlie Watauga river to Elizabeth ton. Mr. Walton, the engineer, reported that he found this a good line, with low grades and moderate curves: hut it is believed that the Cranberry line is sure to he selected. ENTOMBED BY EARTHQUAKE. A Gallery in a Mine Collapses, Bury ing Sixty Men. Berlin. July 14.—A slight earthquake today caused thi* collapse of a gallery it, the Recklinghausen mine, near li< me, West plmlia, entombing sixty miners. Several have been rescued, badly injur ed. The fate of the others is no. yet known. The shock destroyed walls and broke windows in Herne and was fed as far as Munster. It was also noticeable at Laibach, Austria. STRANGLED IN HER ROOM. A Mulattress of IMioehus Found Mur dered—A Soldier Suspected. Newport News, Ya., July 14.—Minnie Fargo, a mulatto woman, was found dead in her room at Phoebus last mid night. An examination disclosed that the woman had been stranghsl by hav ing a handkerchief thrust down her throat. She was last seen last night walking with a soldier from Fortress Monroe, whose identity has not yet been discovered. FRENCH COLONY CELEBRATE. New Orleans, July 14. —The French colony celebrated the fourteenth of July in elaborate style, with a festival for the lienefit of the school where French is taught free. An official call was made upon the French Consul by the presidents of the various French societies, money was distributed to the poor and the officials then adjourned to the fair grounds where an attract ve programme was carried out. The music was all by French composers, an im mense chorus sang patriotic airs, fire works and a grand tiower parade hy electric light. A. Breton was president of the cele bration. IX>SS BY THE WHITNEY FIRE. New York. July 14.—The fire on the William C. Whitney .estate at Westbury, Long Island, last night, did not destroy the country house as was at first report ed, but burned one of the largest barns. Plucky work by volunteer firemen drove the flames back from the house and the damage to the structure was comparatively small. The total loss from the tire is estimated at $150,000 to $70,000, much of this stun being repre sented by some twenty tine horses, in eluding several of Mr. Whitney's racers which were burned. MINERS’ WAGES ADVANCED. Knoxville, Teun.. July 14. —The wages of coal miners tit the Glen Mary Coal mines were today advanced ten per cent. Three thousand men are effected. Tie* same advance will he given in the ('mil Creek district August 1. This will prob ably avert a strike there. The situation in the Jellico district is still unsatisfac tory and <5,000 men may go out if the advance asked by them is not granted. ADOPT THE FRANCHISE BILL. Pretoria, July 14.—The Yolksraad to day adopted the first two sections of the Franchise Bill. During the course of the debate it was declared that Great Britain had caused the present trouble, Mr. Joseph Chamberlain, the Secretary for the Colonies, being Ihe prime mover. It was added that the new law was lenient and could not be altered. PEACE REIGNS IN GUATEMALA. Washington. D. ('., July 14. — Joaquin Vela. Jr., Charge d’A(Tains nd interim of Guatemala, today wired tile Associa ted Press he had just received the fol lowing official cablegram dated July 13, from his home Government: “Peace and perfect tranquility prevails all over the country. FOR ATTEMPTED REGICIDE. Belgrade. July 14.—Blnzo Petrovles. a relative of Prince Nicholas, of Mon tenegro. has been arrested on charge of eompJieity in the recent attempt to assassinate former King Milan, of Ser via. FRATERNAL GREETINGS. Lynn, Mags.. July 14.—At I lie Young People’s Christian Union National Con vention in this eit.v today resolutions were adopted acknowledging greetings from the National Convention of the Baptist Young People’s Union. TO THREATEN GUATEMALA. Berlin. July 14.—A dispatch from Kiel says the German cruiser Geier has left Corinto. Nicaragua for Guatemala, to join Great Britain in demonstrating on behalf of the foreign creditors of that republic. Bears the T" THE NEWS AND OBSERVER. SATURDAY MORNING. JULY IS, 180!). ILL SERENE 10 TRADE CIRCLES Search Needed to Locate Un settling Conditions. CROP REPORT FAVORABLE FOREIGNERS WILL BUY MI CH GRAIN HERE THIS YEAR. INDUSTRIAL OUILOOK IS PROMISING Settlement of Coal Miners’ Strike in Pennsyl vania and of tie Tinplate Workers' Dispute Will Put 6,000 Mtn to Work. New York, July 14. —Bradstreels to morrow will say: "New features in the general trade situation this week are of an almost uniformly favorable charac ter. So rare indeed are the* disturbing and unsettling features as to necessitate considerable search to locate them. Ad ditional statistics of past trade move ments received are certainly of an eu- j couraging nature, foremost, among these being exceptionally good railroad earn ings returns for June and the first half of tile year, and ascertained totals of an enormous export trade, practically equal the phenomenal business of the preceding fiscal year. The record of rail road receiverships for the first half of the year bears a striking resemblance to the list of business mortalities, inas much as they are the smallest in number reported since receiverships first became prominent. Among current news features might be mentioned the quite favorable July crop report of the agricultural de partment, which, while confirming earlier advances of a more moderate yield of winter wheat, and therefore of a smaller average crop than that gathered last year, admitted, however, to have been largely underestimated. j>oint to a large acreage in corn and conditions, which, if .maintained, should easily result in a crop in exi'tss of 2,500,090,000 bushels. Late unfavorable reports from Russia point to a stul more pronounced diminu tion of crop yields in that country this year. Official French crop estimates also have been whitthsi down, and the outlook seems to favor the probability that Europe will buy meanly as much ■wheat in America as it did in the last fiscal year, when, it might be added, ex ports exeteded the totals of the Imhhu year 1897-’9B. In industrial lines the outlooK is a promising one. The settle ment of the coal miners strike in Penn sylvania ami of the tin-plate workers dis pute. bids fair to result in nearly 00,000: .men resuming work after the summer shut-down. A number of wage increases ‘ are the week’s developments. Iron blast furnace report for July 1. points to am unprecedented current week ly production but available stocks of pig iron are down to less than one week’s supply. From several centers of indus trial activity come reports of scarcity of ! labor militating against ever more pro- j flounced activity. Iron and steel, while reflecting the summer quietness, to some extent in the East, are quite active in ‘ demand i mthe West and some heavy I sales are reported from Chicago, with further price advances in structural ma terial. Bessemer pig is now slightly more than double what it was one year ago. Reports are current that final arrange ments for Iwmking of a large quantity of foreign business have been closed. The price situation is 'naturally a strong one, wheat and coffee alone of all the prominent staples being lower on the week and the former only fractionally so, owing to large receipts at the west and to the check to e.\|iort demand caused by reaction from the price reached some time ago. Wheat, including flour ship ments for tin* week aggregates 3.2(53,815 bushels, Hgaimst 3,758.972 bushels last week, 2.910,827 in the corresponding week of 1898; 1.522.093 bushels in 1897. 2,1X53,949 in 1890 and 1,052,892 in 1895. Since July Ist, this season, the exports of wheat -aggregate. 7.019.787 bushels, against 5.039.409 bushels last vear and 4,024,693 in 1897-’9B. Corn exports forthe 1 week aggregate 4,553.739 bushels, against 4,097,144 bushels last week. 2,822.848 bushels in this week a year ago, 2.723,510 bushels in 1897; l.i 10,371 bushels in 18915 and 885.512 bushels in 1895. Since July 1. this season corn exports aggregate 8,- <550.883 bushels, against 5,233,520 bush els during the same period a year ago and 5.450.227 hush tils in 1N97-'9S. Business failures number 174, against 130 last week, 258 in this week a year ago. 247 in 1897, 225 in 185X5, and 211 in 1895.' Business failures in the Dominion of Cnmada number 27 as compared with 25 last week. 28 in this week a year ago. 58 in 185)7. 33 in 185X5 and 25) in 185(5. HESTER'S COTTON STATEMENT. New Orleans. La., July 14.—Secre tary Hester's statement of the world’s visible supply of cotton shows a decrease for tin* week just dosed of 120.480, against a decrease of 89,10(5 last year and a decrease of 78,257 in 185)5. The total visible is 2.805,843. against 2,924,32!) last week and 2,274.715 last year. Os this, the total of American eotton is 2..">00,843. against 2,078.325) last week and 2.019.715 last year and of all other kinds imluding Egypt. Brazil. India, etc., 248.000. against 240,000 last week and 255,000 last year. THE BEST PRESCRIPTION FOR MAI ARIA. Chills and Fever is a bottle of Grove’s Tasteless Chill Tonic. It is simply Iron and Quinine in a tasteless form. No cure, no pay. Price 50c. wed & sat 6 m & w 6m MUST NOT AFFIX STAMPS. Washing! >n. July 14. —Commissioner Wilson, of the Internal Revenue, has issued a circular absolutely prohibiting banks from affixing stamps to checks unstamped when presented and requiring them to return the same to the draw ers. THREE CENT CAR FARES. Filigree Gives the People of Detroit An Object Lesson. Detroit. Mich.. July 1 i.—Three cent fares are announced today on the fronts of Detroit street ears in the places where amusement advertising signs are usually carried. This sudden voluntary reduction is the result of a decision of Governor Pingree and Toni L. Johnson to give the people an object lesson upon what they look forward to if the pres ent plans of the sale of all the De troit railways to the "Detroit Municipal Railway Company" in behalf of the eit.v win out. The three eeut tickets sold today at live for 15 cents are so worded that their use for full payment of their fares can he withdrawn at any time. The eit.v is in a furor over the political situation. All the newspapers and near ly all the more prominent citizens are opposing the Pingree plan, and it is now claimed that the majority of citizens oppose it on the ground that three cent fares and quasi-municipal ownership will fail to pay the expenses and the $17,- 000.000 proposed to be paid for the roads; and that they will, if purchased, revert to the present owners. Governor Pingree claims that the roads will cer tainly pay off their purchase price under thrce-cciit fares. Governor Pingree is having circulars distributed lrom the streets giving his side of the con troversy. PINGREE CONGRATULATED. Toledo, Ohio, July 14.—The following messages were exchanged between Gov ernor Pingree and .Mayor Jones concern ing the Detroit three cents street ca* - fare which goes into effect today; To Hon. S. M. Jones, Toledo: “Three cent street railway fares and universal transfers go into effect in' De troit Friday and will be continued indef into unless stopped by the enemies o> the people. “11. S. PINGREE.’ “Hon. 11. S. Pingree. Detroit: "Accept my hearty congratulations on the triumph of public ownership Detroit. The day of the people is dawning. It > s a victory of reason over force and a great step towards tin* realization of real liber ty. The people will own themselves. (Signed) "8. M. JONES. OPTOMISTIC VI MAY OF CUBA. Washington. July 14. Captain Am brose Higgins, of tlii' Signal Corps, has recently returned from Havana, and was at the War Department today. He says that the conditions in Cuba are rapidly changing for the better. The nmst remarkable change has taken place in the improved sanitary condi tions of the cities, which are now clean and healthy. Captain Higgins says the island is pacified, the revolutionary spirit has disappeared and there Is apparent satisfaction w-th the results of the war. ARREST THEM FOR CONTEMPT. Antlers. I. T„ July 14.—Deputy Mar shal Bert Brown and a i>osse left Ant lers this afternoon for Alikcki. with warrants for the arrest of twenty-five people, court officials and others, l**r contempt in refusing to grant a stay of execution on a writ of Habeas corpus issued by Judge Thomas. Wednesday. The warrants are for the sheriff of Wolf county, the District Attorney of the Third Choctaw District, the judge, the clerk and a number of deputy sher iffs. No trouble is anticipated over the arrests. MURDERERS FOUND GUILTY. Frederick, Mil.. July 14.—The jury in the easo of John Brown jointly accused with Armistcad Taylor, for the murder of Mrs. and Mr. Rosentein, near Rock ville, Mil., today found a verdict of guilty of murder in the first degree. Tay lor has been found guilty and is to he hanged August 18th. at which time Brown will also probably suffer the death penalty. T? j E'TUCAHONAL INSTITUTIONS, i One Eiese | 5 Tells the story. Y/hcn your head 5 J aches and you feel bilious, const i-x V pated and out of tune, with your w 0 stomach sour and no appetite, just 0 0 buy a package of . 0 j HooeS p s Palis | j And take a aose, from 1 to 4 pills. 5 J You will be surprised at how easily V they will do their work, cure yourP 0 headache and biliousness, rouse the & 4 liver and make you feel happy 02:' cents. Sold by all medicine dealers. EDUCATIONAL INSTITUTIONS. VIRGINIA COLLEGE For YOUNG LADIES, Roanoke, Va. Opens Kept. 12tli, 1899. One of the leading Schools for Young Ladies in the South. Mag nificent buildings, all modern improvements. Campus ten acres. Grand mountain scenery in Valley of Va., famed for health. European and American teachers. Full course. Superior ad vantages in Artaud Music. Students from twenty seven States. Forcatalog address the President, MATTIE P. HARRIS. Roanoke, Virginia. ROANOKE I^ 1 Courses for Degrees, with Electives. Also Hub-Freshman and Commercial Courses. Li brary of 22,000 volumes. Working laboratory. Healthful lo atiou. Six Churches—no ltar rooiiia. Very moderate expenses. Aid Schol arships. 47tli session begins Sect. IStii. Cata logue, with views, free. Address. jULIUS D, ÜBEHER, President. Trinitv College Forty-fifth year opens Wednesday, September 6th. Women admitted to all departments. Send for Catalogue to PRESIDENT KILGO, 0—22—1 m Durham, N. C. SILER CITY INSTITUTE. Experienced teachers, inicreasing pa tronage. healthy location, pure and, good water and commodious buildings. Ex penses, S7O to $l2O per year. Fall term begins Aug. Bth, 185)9. JAS. L. GRIFFIN, Prin. Siler City, N. C. EDJCATiONAL INSTITUTIONS. , * - 1,1 fe X —Jw M\ t >v • *;.jv r 1 a; ft < t ImHp wlfii p!| i imk Milii fe. E % I - \ . : ; '■" r' ' OAK RIDGE INSTITUTE. The largest and best equipped Fitting School in the South. Classical. Seicn lifie. Commercial; 275 Students last year. Northwest or Greensboro l*iedn.»nt region. 1,013 feet above sea level. State Championship in i ootliall, Baseball and Track Athletics for many years among preparatory Schools. ’I erms rea sonable, considering advantages and facilities. 95th session opens A ugust __utl. For beautiful catalogue address, -V. A M IIGC!, Oak Ridge, N. < . LOUISE® FEMALE COLLEGE. The Fall Session of this Institution, oiio of the oldest in the State, - WILL BEGIN ON August 30th, 1899. The elegant and commodious College Building is located in a well shaded grove of twelve acres and furnishes all the advantages and conveniences of a pleasant home. Board and Tuition in English 4 Latin and French PER SESSION OF TWENTY WEEKS. Other Studies at moderate rates. Catalogue sent on application. M. S. DAVIS, 6. M. President INSTfTUm Able Faculty; 200 students from 35 counties; Expenses s..> to BL>o for ten months; 25 Scholarships; Literary, Business, Teachers' Normal. Music, etc., 17th Year. Beautiful and Healthful Location. Highly endorsed. Scores of successful graduates. Boarding Halls, Dormitories, etc., all on school grounds. Illustrated Catalogue Free. Address the President. W. T. WIIITSETT, Ph. I>., AT hitsett, Guilford County, N. C. Fail Terra Opens August 1(5. 1899. ) students, 27 counties, 3 states. Best of IP C advantages in Business,Shorthand, telegraphy, IV' 0 Music and Art. Prepares for college or university For both sexes. Ideal 1. country location, miles to a bar-room. I 1 (HMi Military optional. Li brary. Board 4to $7 vivvli Tuition $1 to $3 For catalogue apply to \ 1 AiYITr REV. J. A. CAMPBELL, Prin. flf / ( Mill AND COMMERCIAL aulc, UVAUIvHJJ 1 PEACE INSTITUTE, Lrrvr\/ N T! Noted health resort. Eure -JjlyKlHF-y, » • mountain air and water. -I'i . • - fcX Ten schools in one. Cliar -1 ' tered by the state. S4OO i 1 Piano given to best music IpK p * U graduate. Home comforts. v lAjgl faculty of 14 TUnivcrsit? S 3 2 s TQlomcn. n NlOTf®Wi»H! 3 3 cry Southern state, also from i I '! * 8 SjCaJilil Canada, Western and North ifssgattS’-i ern K ’ - "' T --- A. M., rim V - ■ _ 4SU, President,. THE STATE NORMAL AND INDUSTRIAL $ COLLEGE OF NORTipCAROLINA. > Offers to young women thorough literary, classical, scientific and indus- o L trial education and special pedagogical training. Annual expenses S!M) to S $130; for non residents of the State $l5O. Faculty of 30 members. More C than 400 regular students, lias matriculated about 1,700 students, repre- q h. senting every county in the State except one. I’nu tice and Observation School of about 25