Newspapers / The News & Observer … / July 9, 1913, edition 1 / Page 1
Part of The News & Observer (Raleigh, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
1 ! The Weather North Carolina: Fair. Wednesday! Thursday - f alrr bowers extreme wret portion. Highest teenperatwre, Ml loer 4 4; araipitaUoa, Incise, .' . - - , ' ' ' '. w ...... , Observer Keith (&c!Ina's Greatest Daily VOL XCVIII. NO. 16. RALEIGH,; N. C., WEDNESDAY MORNING, JULY 9, 1913. PRICE 5 CENTS. SENATOR SIMMONS lira TURNS A TRICK - ON REPUBLICANS Gets Hold of Their Analysis of Democratic Tariff Bill Be fore It Is Printed - THE BOLL AVEEVIL Planned by Senator Smith, of South Carolina FEW ERRORS POINTED OUT t Lengthy, f. Document Upon Which Senator Smoot and Expert Assistants Spent a ' Month, is Found to be Most- " ly Argument '" 1ST tlx AMorUUd trta ) Washington, P. C, July 3. Senator 11 mm on , chairman of the Finance Committee, turned a trick oa.Repub- " ' '-"Tican leader today when n got bll Democratic tariff bill, which had been prepared under direction of Senator Smoot, pointing out what the Uepubllcan claim are serious defecta In the measure. Senator Smoot had delayed for a 1 month the Introduction of the enaly ua, despite insistence of Senator Blm - mona that it be printed. On the hurt lay or the case wnen tne Republi cans were assured the Democrat! were through with the bill. Senator Smoot consented to lend - the docu ment In for the printer. Hut the Democrats have not yet printed their bill and have a day or two to make corrections and laugh at their op ponents, inasmuch as debate will not begin until neat week. . Knowing that the Republics a doc ument might contain valuable point ers. Senator Simmont directed the Finance Hub-Committee to go over J their schedules today while he pour ed over the Smoot analysis to check up with the sub-committee. Uad Been Watching For It. r Senator Simmons heard some weeks ago that Kepublican leaders had cau tioned Senator Smoot to hold back the analysis. ., , "Don't send It in yet," they urged. ' ' It will give us away." i Thea the Finance Committee chair ' man determined to lay hi wait for tb document arid today he pounced on It kAfnM Iff wnt in th nrlntlnv nflln. II- I..iiiu1 t ha wmuiII of lUnaln "Stnoot'l careful aUurs et, ,yenn, aided 'by ' corps oi sxpens ana as sistants.. Ue said some of the an alyses point out errors that could be corrected, but that much of the doc ument was found to be argument;. , The bill probably will not go to the printer until tomorrow night aa the sub-committees sun are cnecsing up. for corrections. Meanwhile Sen ator Simmons Is completing the com mittee report on the measure. . Knllmalc of Heroine. Senator Simmons today received from the Commissioner of Internal Revenue an eittimat of the revenue to be derived from the Income tax as revised by the Democratic Senate caucus. The House estimate, on the basis of a flat exemption of 14,000, was (70.000,000 a year. On the basis of a fj.ouv exemption tor single per sons. 14.000 for taxable married per son, with an additional IK00 each for dependent children up to two, as the SSUicua amended tne eecuon, mo esti mate tin the normal year shows very little difference. It being $,l,0. For this year, however, two months wilrbe lost owing to tne cnange in time the Incomes are to be computed from January 1. ltll. March 1, mi. For this year thl would leave the estimated revenue from Income tax at approximately 18.000,000. More from' t'orooratlotl Kxrine. More revenue, however, will be de rived from the corporation excise tea lure of the tax than tb House esti. mate of 110.000.000. The rnmmtesloner'a report shows that Is the last fiscal year 135.000. 00 was collected from the corpora tion tax and estimated for the coming veer the revenue is 117,000,000. The general revenue estimate o oe uenv ed from income and corporation tax under the House bill was lioa.ooe, fltiO snd under the bill as revised by the Senate this Income Is estimated at 1104. 2E. l00. For the first year. however, owing to the two months cut out from income tsx revenue, the general revenue would be aproxi matel lid. 000. 000. Penstor Simmons Is having worked .out a general revenue estimate for jTlhe whole tariff bill. Thl will snow s considerable Increase over the House. . -.' - CHARGE ABSOLUTELY FALSE, SAYS PELL Corporation CommlMiionrr .Reents Allegation That He was Keeping off New oraln Between Sanford and Ml. ,Ary. ;; (Hetrlal to Tlx Km aa Obvmf.l tlreensboro, fuly I. Judge O. I. Pell, of the State Corporation Com mission, gave out an Interview here today In which he declared tne circu lated report charging that he was keeping off the proposed new train from Sanford to Mt. Airy was abso lutely false and without foundation He said the train was not pat on for the reason that the railroad company had not agreed to put on the train unless the people of Mt. Airy would with draw their petition for better depot facilities. This the Mt. Airy people refused to do. He mid he was not affected by any desire ' of Winston Salem people to have the train go by Winston -Salem Instead of Walnut Cove. Judge Pell was her today to take evidence in tne matter ot the petition of cttisens of McLeansburg for better depot facilities at this station, which I eight mile east of Ureenaboro. THE DAY IN CONGRESS Not In eeeeion, meet Thursday. David lamar continued testimony before lobby committee. ' Finance commute worked a tariff bill. ..- BODSB"' ' - - Not a asloa; meets Wednesday. ASHEVILLE HOST HIS IDEA IS TAKING Annual Meeting of State Asso- n elation' Begins . FINE SESSION PROMISED Federal Government to Prevent Growing of Cotton Within a 50-Mile Belt Which Pest Won't Cross r Judge P. C. Cocke and L. Jenkins Deliver Addresses of Welcome-Response ; by Joseph BY Ramsey tr Ua taMltMl real Washington. D. C. July I. Plana for the Federal government to rata barrier against the boll weevil of the southwestern cotton state Invad ing the Atlantic coast state ar be- in drafted by Senator Smith, of South Carolina. Secretary Houston la said to have given the proposition hi tentative approval. . - senator Smith a plan la for the Federal government, with Mat co operation, to prohibit the growing of cotton in n belt which would sepa rate in Atlantic coast state 'from the southwestern states. As the boll weevil migrate only from cotton Held to cotton field, the senator believe tbia belt would save the stats to the east of It from the peat, which ha cost raieere to the southwest million of dollar annually. Accordlna - to ravestlcatlon alreadv maae, ine narrowest belt where barrier might be raised would be In Alabama between the mountains near tne Tennessee line and the gulf. The weevil already has swept ever Texas, Oklahoma, Louisiana. Arkansas and is said to be traveling eastward into Alabama. Senator Smith is preparing to ura-e upon me senate tnat tnia narrow belt will t a practical barrier if Imme diate action la taken to MteMlah i ir effective It would protect moat of Aiaoama and all of OeorriiT Flnrtrfa South Carolina and North Carolina from the weevIL The barrier to be effeptla mnW nny mile wide. It I believed. The growing of cotton in that sone would on prohibited but tb farmer could raise any other crop. Henator Smith' nlan I to have the Federal government compensate the larmer in tnis sons for not nlantlna cotton. He is investigating the no tion of the Federal government In stamping eut yellow fever in louiai ana and in establishing forest re serves 'for the conservation of re source in order te have precedes ts ror ni plan. Henator tnattn today eoneene ater-- Kara: ' ef IsWItanw. -the erafld leader?" ind won his hpptwval to a feasible plan to accompli an the deatred object. . ' CIRCUIT COURT OF APPEALS CONVENES Jndgrs Prltrhard nod Woods Clerk MaUotspjr In Attendaac a AslievUie This Weeh. tsattlal to Tka Mmm aa Oliwis.l AahevlUe. July i. The United State Circuit Court of Appeal for the Fourth Circuit convened In Aehe- ville yesterday with Circuit Judges Prttchard and Wood a, th latter of South Carolina, and Henry T. Malon ey, clerk of the Circuit Court of Ap peals, In attendance. The session is belnc held, in a measure, for the pur poee of completing the unfinished business of the May term recently held at Richmond. Decisions will be announced In some cases and necee- sary orders will be made by. the court. Conferences will be held upon. aD matters submitted. CAROLINA HARDWARE MEN IN RICHMOND Adrinws of Wekvwne By Covernor Mann. Mayor Alnallc and Otners U0 Member Present. 1ST ttw StoMtaud ma ) Richmond. Va., July I. With four hundred member in attendance, the annual . convention of the Hardware Association of the Carolines was open ed here today, although the business srions will not begin until Thura- President Botinoilt, or Darling ton. & C.t presided. Addressee of welcome were aenv ered by Governor Mann, Mayor Alnelle and others. Tomorrow the delegates will mo to Jamestown Inland as the guests of ths city of Rlchmond. shotatinTruder KILLED HIS WIFE W. H. Hodges, ft Br we UK k Coeinty, In Custody Pen ding laveeiigaaosi of Affair. ' iStil to ka Itaa aaS (Mamr.l Wllmlntton. July - i. Early- this morning W. H. Hodges, n carpenter who live at Letaad. sis mile from this city, shot his wife a he was pur suing another man whom he allege that he found at hi horn. HI wife died soon after from the effect of th wound. After her death. Hodge earn In to Wllmlnaton In his gasoline - launch and consulted an attorney as to, what course to tiursue. He was advised te notify th ahertir ana coroner oi Brunswick county -and nave an as- auest. This he did and was taken tn to eustodv nendlnn th result of an investigation. The woman had borne a bad reputation for several years. TO SURVEY LITTLE CONTENTNEA CREEK Small (Mi Prosnfcw of Drainaa-e En gineers Front Waahlagtoa to VtsH nit county. (Br W. E. YFXVERTOjr.) Washington, D. C July I. Rep resentative Small secured today from the bureau of engineers In the De partment of Agriculture the promise to send to Pitt county within th next month an engineer to survey Little Contentnea Creek to ; se whether or not the territory contlgnon to It can be drained at a reasonable coat. About 1.000 acre tn Pitt county along the bank of th creek ar street ed and If drainage is found to be practi cable, n drainace district will probab ly be formed. Th land la s rich as any in North Carolina. Pitt being not ed for an farming tana. - i 1 1 11 ' 11 " ' 1 HUGH LAIR'S TO 25Q BANKERS T SPECTACLES ILL ' STREET IS SEEN , . ., , t.v ,. .,fl Dapper Operator Takes Cobby Committee Completely Into His Confidence . - tSevdal I TM lln sb oMw.1 AahevlUe, July . With more than It banker, representing financial In stitution in various part of th Stat, in attendance, and delegates to the seventeenth annual meeting of th North Carolina Banker' Association arriving on svery train, 1 the annual gathering had a most successful open ing tonight and th Indication ar that th Ashevtlle meeting will be th best In th history of the organisa tion. :- : -, ',. The first session was held in th ball room of th Battery Park hotel. this evening, having been called to order by Leake a. Covington, oi Koek- Ingham. th president of tn organi sation. Th Invocation was delivered by Bishop Julius M. Horner, of tht city, sad th Stats' banker were welcom ed to AehevlUe by Judge P. C. Cook. representing Mayor - J. E. Rankin. Speaking- for the banker of th city, U L. Jenkins, th prealdent of th American National Bank, bade the visitor make themselves at horn while In Ashevtlle. Both speaker war received with . applause and were heard with rapt attention. Th response to tn address I weiootn waa aeuverea oy joeepn a. Ramsey, the president of the First National Bank, of Rocky Mount, also thanking the speakers for thsir cor diality and hospitality and stating that th bankers of th. Stat have been looking forward to th Ashevlll meet ing for many months past. Following th business meeting, th banker, their wrvee and th mem bars oi tnetr famine war tn gusst ot th local bankers at a vary dallght- ful reception and dance which waa largely attended and thoroughly en toyed. ,i ; . . The rent urea of tomorrow meet' Ing wlU be address by Dr. Bradford KnaDO. of Wasninnton. U. c wh will speak n "A Better Arrtrurrnr Tbed terX TTat nuaTheaa.' aad Jamea J. BriU. of thla olty. former Third Assistant Postmaster OenoraL who will speak on "On -Cent Letter Postagn, Is'It Feasible and Desir able r' . . v; Many representative of other Stat associations are here. Including four of th officers of th Virginia Banker Association. Secretary Hunt tonight read hi an nual report ' Secretary Rawt Report. The report of Secretary and Treas urer W. A. Hunt, of Henderson, show ed that during th year which la Just closing . th Bankers Association has don vry efnclent work and rapid strides have been mads towards niacins ths North Carolina organisa tion among ths highest ranks of th r Associations of ths count r venty-two new member hV been secured since th last annual meeting at Morehead City. Secretary Hunt predicted that It will be only a short time until the bankers who ar not members will realize that they need the association -mors than the association needs them. Th report of the secretary waa to the effect that the executive com mitt has been called upon ot hold only one meeting sine ths last an nual gathering. That meeting waa held at Raleigh and waa well at tended. Th legislative committee, Secre tary Davt atsted, ha had a very active year. Mr. Hunt called tne attention of the bankers to tks group feature of many banker associations and urged that It be employed by the North Carolina association. The member- hip Is increasing to such an extent. he stated, that this leature will un doubtedly be of great benefit to th memos re. He suggested that, the negotiable instrument law be republished - In book form, and expressed regret that the last General Assembly failed to en act a model banking law, as approV' ed by the association. He pleaded that th work of th bankers for th enactment of such a law b continued and predicted that within a abort tim th Stat In general will realise the value of th proposed law and Insist that It b anacteA. Th report showed that th as sociation is in good condition ftnan dally and In an Itemised account of the expenditure during th past year waa submitted: by Mr. Hunt, (President Covington's address will be found In . another column tw bailor.; TAR HEELS AT THE NATIONAL CAPITAL ' By W. M. rtLTBITOM. . Washington, D. - C. July I. North rarnlinisn here today were T. R. Hood, of Smlthfield; F. J. Weathers bee, New Bern, and W. A. Parden, of Wilson. , i , Charles Paul, tb Ashevlll boy who landed "broke ' in Washington was not brought1 into court today as expected. He I Mill In th bous of detention. SMALL BOYS Vt JAIU ' Age t to It, Three of Then Ot 1 Day tor More-Breaking. ' leH la tka Ufa m Oiaiel ' Wayneavllle, July I. Three . little boy of Canton, Due Everhardt, Clar- en and Loreno mathsra, age from T to IS, were charged with store- break in at Canton. Judge Ferguson gar th three youngster a sound and touching teeter which brought tear to th eye ef officer and otb era. Th reformatory being full he sent them .to Jail for tan days, than for twelve month to "report to the mayor of canton from time to time, skin good behavior. BACK TO SUGAR LOBBYING Three Hours Spent Inquiring Into Ways, of Alleged Sugar Trust and Its Influence in Cuba and Elsewhere-Brief Excursion Into Wool , "WISE AND DANGEROUS" DECLARES PRISON BOARD - BelieveavSUteV Policy of Hiring' Convicts to Railroads Has No Hope of Return and is Great Cost to State. Nearly $400,000 Tied up in Worthless Stock. SUPERINTEDENT MANN'S REPORT STRONGLY BACKED Objections Made Also on Ground of Unconstitutionality. ' Expert Accountants Find Few Discrepancies. State Called Upon to Discontinue Its . Convict Policy Ixsmg $358 Daily It is Said. Report of Accountants. tn m Washington, D. C. July I. Th Senile lobby Investigating commute took a look at Wall street today through the spectacle of David La mar. . Th dapper operator on th bear slds, who admit that ha bandied about In the market place th name of man high tn ' Congrees, took th Lpommltta completely Into hi confi dence. For all them aohliratlona be contrived, there wer after all, he swore, but two reason. H' wished to cause an "explosion" which would bring th Wall street men whom he felt wer antagonists to him "into th open" and he wished to Insure the re employment of Edward Lauterbach, his lawyer friend who had fallen Into disfavor with th mighty of the street Although the committee tried to develop that there might have been soma other consideration Involved, Lamar denied such an allegation a often a It waa mad. He waa on th stand for several hoar and although Ave Senator wielded th scalpel at various times, they uncovered noth ing that Lamar did, not Wish to re veal, t Tim attar tim he seemed to be on th vara of son admission, to which pauant questioning had brought him. v but h veered away and no persuasive or lawyer-Ilk threatening could . bring mm back agnin. He wan only playing wail street s gam,, h said, whea bo mad such frequent as of the telephone and talked about what might b 4s In Washington throurVwiomlnenc mens bera o Cooraa. u was the gam a had knew moat of th twenty five year he had, been In th street, ha said, but h was through with It now. He was sorry for th publi city that had been given to th rep resentatives or lnmiencea, but except fcr that he thought that the end Jus tified th means. Th explosion had occurred, he added, and hi enemies had bean dragged Jnto the open to prove charge circulated ror many year In th Hnanclal district against himself and Lauterbaoh. He sum med np his whole story In a few words, whsn hs said: It waa tne Wall Rtreet game I was playing, in wan street yon don't net ilk yon do on a Near Jersey farm." Later he added bitterly: "I am th only villain In Wall Street All the others are actnated ' by the highest motives and posses the high est Idea la" Lamar examination waa finished today and both he and Lauterbach were allowed to go, with the under etanding that If wanted, they should appear again. - Sugar LohbylnaT Again, With their departnre the committee took up sugar lobbying again for three hours, with a short eicursjpn Into the lead of the wool lobby. Charles D. Westcott, a Washington attorney who live tn Cuba, took up the sugar story again. He told of an unsuccessful effort he made to get Cuban planters to put up $21,000 fur the expenses of a free sugar campaign In Washington to offset thn efforts of the anti-free sugar. He declared that his effort failed after he had bellev ed it successfully launched and gave It as his . opinion that the "sugsr trust" had been responsible. He said ths "trust" accomplished thla end by it influence with Cuban bank which could fore th grow to do what they wished by " refusing to extend them necessary credit He added that the Agrarian League, to wlfKh every Cuban rrower feels obliged to belonr. waa dominated by the "trust" and that aotlng tn compliance with the "combine's" wishes It had opposed a free sugar campaign. Searchlnc Ones rumination. R Westcott was put through a search Ing eros-xamlnatlon by . Senator Cummins about theee statements, Hs Anally aald that he personally did not know anything about trust domlna tlon In Cuba, but hi statements wer mad on Information given by grow- m He read to the committee g letter from R. R. Hawley, president of the Cuba-American Sugar Company, of New York, which he ssld wss allied with the 'Trust " In which Hawley op posed free sugar, arguing that Cuba benefited more by the preferential now enjoyed under reciprocity than she would with free, sugar. Senator Nelson caused much amuse ment whea he queetloned Weatcott tbout n letter he wrote tn Secretary to the President Tumulty in th win ter uiglng that Mr. Wilson keep up the fight for free augar. The wltneee said that shortly after he wrote the letter the lines nf. ths free sugsr ad vocatea In ths Wayn and Means com mltte of the House wer "stiffened." "Tour letter stiffened up the free sugar firing line," sold Senator Nel son. Well. It stiffened shortly after I wrote It" "Are you ur th President ever read itT" "No. sir." "Wall it acted as a sort of starch on thoee wavering members of the committee." continued Senator Nel son, while the chairman rapped for order and stopped the laughter. "Oh, no," the. witness said with a show of embarrassmsn. Th committee room waa Ailed all day long with member of th Senate and Hon. i Wm. Whitman, of Boston, 'on of th man interested , in wool, under subpoena, , will take the stand to morrow morning before th Senate committee. That North Carolina' policy of leas ing convict to railroads is unwise, dangerous and even unconstitutional, I ths opinion of the State Prison Board, which mads It report to Gov ernor Craig yesterday. In its flnding. th board heartily commend th report of Superintend ent J. g. Mann, who give a detailed account of hi visit to th several systems built much by State convicts He speak openly against ths policy, tells bow It take th ready cash from the prison account. "createe th false Impression that the Institution is a money-maker and place an addi tionally heavy expense upon the State by reason of ths nseesslty for Issuing monthly vouchers to pay for guarding, fsedlng and clothing the prisoner. . Th board ha no conndenc in tne Investment. It msy not say thla ot all the roads built at popular eapenss, for It thinks that th Elkln and Alle ghany Railroad is being developed In the Interest ot tn people. nut it And that monsy in flv or Us ot theee enterpriaea ha been thrown away and say no. "W hav got la tne state treasury 11T1.71S I w stock in these roads." a member of the board said yesterday speaking for th body. "It Isn't worth Ave cents. 1 , "We ar loams on account of giv ing away convict labor, 1104.700 every year. That mean 15 a day. And w ar doing It with onr eye open. W are doing It with fall knowledge that pur Bute 1 in debt, that eor ebarltafcl, lnttuHonsvv ara welling kmdly for neia, hum we ranao mes th Oss swing people or our own STATEIULIDE BYMIOOBB ABOUT OPTIMISM To His Flat Declaration Is At tributed Restoration of AN most Normal Conditions : INVESTIGATION FOLLOWS .......... i.-.'l!.W,f'VHu State, and are giving it to private cor porations for their private sain. "Th Elkin and Alleghany Railroad i worthy. It la belns built In the In terest of the people, but there are roads that are being built at State ex pense, which are nothing In the world butp rlvate corporations, which ars asking that the State build 'roads to their property and enrich them by laying tracks td the commercial cen ter. Anybody can get rich that way. It I a moat ahameful thing and we are going to put the responsibility square fy up to the Stste council. We caa put these convicts on the public roe as ano oo some real good, or ws can lease them for ll.il a day and make them pay." Tne superintendent s report on the Atlantic snd Transcontinental ap proaches tne sensational. He calls the work a "sham and a pretense, and whll crediting the promoter with pur motives, he calls upon th Stats to discontinue th work or require an inoreaeeo amount of labor. Of the Htateevtlls Air Lin he say that road ought o be a groat adjunct to th Southern Railway "without coat to It for construction, equipment or main tenance." Tht stinging report will help, geod men say. m th railroad rat Aght It will show how th Stat haa don such splendid things for th roads, some ot which ar engaged In the great work of holding up th State, they say. Mr. Mann's report reads flnely and tells mueb: "The Honorable Board ef Dl rectors ot th Stat' Prtseni "Gentlemen!-Entering a son my duties a Superintendent at the fften nder roar dleoctiosi en April 7th, '(Continued on Pag Pour.) MEAT PACKING TO BE liniGATED Inspections to Be Made By Well Known Experts Appointed by Secretary Hous ton From Outside- of the . Government Service , . IBS (ha tMnd.1.4 .! , . Washington, D. C. July S. Meat packing establishments throughout the country are to be eubjected to searching Inspection by well-known experts selected by th Secretary of Agriculture from outside ot the Gov. eminent service. This step follows criticism of Federal meat Inspection from various sources and Secretary Houaton announced tday that Its ob ject waa to increase the efficiency of the service and to foater public confi dence. The Secretary made public the namea of three college professors who have been chosen to v left and report to him personally upon conditions ex isting tn packing meals In New York, Massachusetts, Connecticut Illinois and Missouri. Ir. W. T. Sedgwick,1 professor of bscterlology and san'tsrv etislr'e," In ths Massachusetts Institute ot Tech nology, Is te investigate plants at nw ton, Worcester and Hrtghtwood, Masa, and New Haven, Conn. In-. V. A. Moore, profeeeor of pathology at Cor nell University, will go tn Philadel phia, New Tork. Buffalo and Pitts burg, and Dr. J. A. Cnnnoway, of the Missouri Agricultural College, to Kan sas City. St Louis and St. Joseph. Mo.,' and the national stock yards, of llllnoia - "It is my desire." said the Secre tary in hie instructions to ths experts "thst you report to me fully and frankly" the condition a you And them at th various packing eetabllahmenta, totethet with such recommendations aa In your Judgment may seam best" CALLS FOR HELP TAKEIIJS FROLIC Young Man Drowns While Companions Look On Had Said He Would Frighten Them" by Making Them - Think He Was Drowning ISkUI te Tka Meaa aa Otaarwr ) Wsyneavllle, July I. The drowning of John Dean, age It, In the splash pond of ths Waynesvill Lumber Company, of which h was an em ployee. Is shrouded In mystery snd ths secret of hi death I locked with in hi own bosom. II had been Jest. Ing nil dsy with hi co-laborers that hs would go In bathing after work hour, would pretend that he was drowning snd maks them come' to him. They told him they would not come. He and hi companion went to the pund after work hour He and an expert diver and swimmer went In. Companion triad to get him not to go where it was dsep, but he did. He would Jump up and down In the water, calling to his compan Ions on th bank, with whom he had been Jeallng, for help, that he wss drowning. Thinking him Jesting, they did not go. After he- went down, staying undsr wster longer than usual, they started to render help, but It was too late. The body waa recov ered tn fifteen minute. Dr. Able was called, but could do no good. Dean cam from Tennessee, but nothing was found In his effects to In dloata anything about his people. Humors my he waa to be married In two weeks Another aaya he had a wife In Tennessee. Some believe there was trouble of some kind on hi mind and that It was suicide. McReynolds to Be Asked to - Probe Into Alleged Irregu larities in Conduct of First Second National Bank-Loss five and Half Millions'; gy Um i lilt! fiim. ) ' Pittsburg, Pal July . To th d. clsiv statement of Secretary of th e-. ...... i u i a i... , - - m. t. l, m attributed the restoration of almost normal conditions In Ananclal Pitta burg tonight, deaplt th closing yea. terday of the door of th First-Second Nktlonal Bank, an Institution which I.-,t kuH I. J . k. - i . est In the country. While th situs- , tlon was tens In th Ananclal world yesterday and littl Information a t possibls development waa obtainable, th fiat statement of tacts of th Sec retary served to develop an overnight ' optimum that grew a the day ad vanced. The closing of th First I Second was naturally followed by uj pension of It affiliated bank, th First Nntlonal of McKsesport, and th J appointment of receivership t. ijT banning houss of J. S. and WV .; IftlhfJi T ae wHsnanon rlsMlvSi las - d.k eewaeesi oBg w as vwe tiinuisjMf WKBTWJ la' majority stockholder ot both lnaUtaj Hon, and a Ilk . action with th American Water , Works and Ouaraa. to Company, aa atrpriM father by th Kuha uUrosta. A Ssaall Run Made. ' Another Kuhn Interest whins. wssY affected, th Pittsburg Bank for nv- Ing. suffered somewhat from thai complication, a run being started on u roateraay cnieny ny small denoal tar. This aonOauod v nonwswhat in-' arnd sarty today, but It appeared ta abate as th day worn on. Crowd assembled about tb bank building and th sidewalk about tha building via ropea ore wtin mosnie polio pmnclng their bar within Um linen on th sidewalk. Th people war rorcon outside tn rope into th mid dle of the street ' Tb erowd worn, mad up mostly of curious soaetatora. Th small group of depositor that entered the hank wars nmmntlv mm ae upon aemano, a yeeteraay, and required to gtv th legal notice at thirty. Uty or ninety day notle to withdraw other amount abov stated figure Yesterday f 17,000 was with, drawn from th bank whll th d posits wer 117,000. Today figure In thla relation were not obtainable, but It I assured th wlthdrawala toi day wer under yesterday1 figuree. mere were reports that a million dollar had been shipped to th Plttse I burg Bank for Saving today from Philadelphia, but this was not vert-1 Aed nnd ws discredited by ales line nona members wh verify th atat. ment nf tha hank mH r4rav that this bank haa t,00,00 in cash and - M.000,000 In quick assets, en-', ablins; It te meet any stress or mer.' gency. New Ofnorr Annonncnd. - About noon th announcement was made that J. & Kuhn. the president and W. B. Kuhn. the vtoe-preetdent. had realgnsd and that W. J. Jones, ths former secretary and treasurer of tha bank, had been made president with A. N. Voegtly, former assistant t Mr, J ones, as secretary . and treasurer, while U M. I'lummer, a director, waa mad vtce-preeident From th time of thla announcement during th rest of the banking hour the run percep tibly abated and the crowd disappear ed, until at closing time th atreeta. near the bank differed from no other business thoroughfnea " M" REYNOLDS TAKES A HAXD. AT THE MERCY OF THE RAILROADS. Rockingham Knows How the Railroads Increase Prices With Freight Rate Discrimination. Rockingham suffers from the unjust'Trcight rates im : posed by the railroads. The Everett Hardware Company, of Rockingham, tells of an instance of this- A letter from that firm reads: "We notice in a recent issue of the News & Observer the freight discrimination in the matter of the shipment of Gypsum Plaster from Saltville, Va.j to Sanford, where they have to pay a freight rate of 13.00 per ton. You state that freight for Atlanta shipment originating at the same place in Virginia carries the rate of 2.oo per ton. , "In this connection we wish to advise that we get plas ter from Plasterco, Va., the rate to Rockingham being $4.00 per ton. We presume the rate from Plasterco would be the same as from Saltville. These shipments would pass by Rockingham." , f , Department of Juxtlce Called Vpon te Investigate Pittsburg Affair. Washington, D. C, July I. Secre tary McAdoo will aak Attorney Gen eral Mcltaynolda within a few day to investigate alleged Irregularities In the conduct ot the First-Second Na tional Bank ot Pittsburg, which doe ed It doors yeeterday. The Secretary today definitely decided to rater th situation to th lJtpartment of Jus tice, and Is uow engaged In the col lection of all ths facta connected With the management of tha big bank to prepare the Attorney General for aa Inquiry. Fully Mismanaged. John Skelton Williams, Assistant Secretary of the Treasury, today re turned from I'tttaimrg where be u perintended the closing of thegbank and reported that the Institution hag been "freely mismanaged," necessl tating a reference of the conditions t the Department of Justice. ' . Thomas P. Kane, acting comptroll er of the currency, by long distance. ' telephoned 1st today advised Secre. tary McAdoo that the receivership waa progressing satisfactorily and re iterated that the general banking con ditions In Pittsburg were sound. Treasury officials continued no' only confident thst there would be nd" nwri trouble, but emphaaiaed the belief that the closing of th First-Second actually had Improved conditions In Pittsburg by removing a doubtful ol ment from the Ananclal system. . Loss Over live Million. . ' The latest report to the Treasury Department indicate that th lo- of th First -Second may reach (, S00.000, because th entire capital and surplus ot th bank now aeera te hav been wiped out These advice wer accompanied by assurances from officers of the bank that th deposi tor, whoas atatementa total about tlt.000,090, probably would be paid In full or nearly in full through reallsa Heat on th bank' silv
The News & Observer (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
July 9, 1913, edition 1
1
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75