Newspapers / The News & Observer … / Jan. 27, 1914, edition 1 / Page 1
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' ' i " , ! - w - .- .. 37. ' ; 1 1 ' rrr . - . '-- . : . - , I l!.. J. .1. - The ityather For A will Csroli.: Fair 1 Tuesday, warmer Interior; Wenlm-Mlay rloudy. . l litghot lempernture. 5(; ! lowest. Hi prcejpltatton, . NORTH CAROLINA'S GREATEST P AIL X rf--V0IXGIXN044 RALEIGHr4MXr-TUESDAYRNINGr4ANUAR!57r1914 PEICEtOTEzGEHm FRANCIS D. WINSTON" ft LATEST PHOTOS FROM -WAK TORN iRETfi. MKXICO: ARMOR KD TRAIN? DEAD-KEBELS-- . AND O OFIit KECEL LEAIjEKS I JIIILLIUII i m a -V Big-Drainage OtstrictMo4- Prospects of Defeat of Housp Prohibition Bill Againr But Likely Jo Amend It So r . Vote" Cart Be Taken. -t , lumbus arrd tirunswicK -- BLUE FOR-SEVIERHEIRSf- I i . II ' . 1 X I ... . -, I I . U i 1 - r - 1 .MM iii.. m . jT ' ' 1 111 i Z . O F . .. . - - . II mm f ruftiiTJiiLi-initn III I1HIIIIIIJII riNtt t-iciit t tttft" mi I T; 1 I I 5 is Representative Gudger Holds To It That War Is On the ;V-Way'EastThffEarTf Mack Will Be On Athletics With Conie Mack. H W. E. VF.LVUtTOX.) nomination of Francis D. Winston as United State! District Attorney for.the Eastern District of North Carolina wo today confirmed by the United States Senate. The Judiciary committee made a favorable .report and Senator Overman secured unanimous consent of the Henate lo confirm him lmme-dlately-fter the beginning of the executive esfir.s ; District Attorney Winston ts-ai-ready at work Jn the position, having bwm appointed to the vacancy by Judge H: O. Connor on the dismissal or funnel Anunirj ' Tlw ftetrtrr Heirs. The heirs of John Sevier, former member of Congress and Governor of sflneaMsrr'IW"e' -lectin more-than twenty-five million iollars thev as from the Untied .Slate ..JUonaTjeask though they wei. iepreKnt. ed today ,b -Mr" Lena T oiawooil . Ta uioiUL 'Momaii lnwyer anil one TimJ; candidate foi rreident oMTie tTttO'lT Htates. Mrs. lxckwood appeared le f..r tlie Comniitlen. un Claims, of nn anrt attemnted to haT ihe com ray thathi advance--hrtf-um-mn to the States of North Caroli -nd Oeortrfa for whsch -4heseiaWJ deeded to him immense traelguf land. Afterwards thee lands, were ceded fcj the covernmnt.:MembrrB of the com mittee found by questions that 8evi-r himself had never pressed his clu.im.1 end this fact makes the prediction; 1 most certain that lh committee's re port will be unfavorabfs." -. Godwin To Dratnanre urean. ltepreseuutlve OixJwln made a sec nnd trir to 4he Drajuaaa Bureau to day in the Interest of the drainage distiict--wh4ch,aas--been fofmeJr,. the purchase bxa (:hfcao. firm of !SO,0uO acres in Colurihbus snd Bruns wick counties. - IJe was assured that " Tn a sTtorrtne-yoveniment cpert will he sent to the territory to rnak i i preliminary survey of a part rthc immense tract. Owing to the sine of. fheErfatnage area It is planned to; sur vey 20,000 acres in Columbus count:' ih a demonstration (Hstflct-ftrst am!, (o finish the v. nolo pfojrcrss" rapldi: ss experts can be spared. Mr. fSodwIli went to the dralna' oftlce Saturday as. soon as he wa told by tire president of the tie, enmpany Hie nature of the project, lie has secured the Immpdlste atten linn of thrarainkge office and beltevf-the-proposed plan, of settlement will . be ot areaX-beneflt to North Carolina, "(food Tsubctantlal -Middle West farmers will be the . ones attracted.' said Mr. Oodwln toduy. "These set tlers will do a great deal toward, de' TtTOuing the Utater- They are t the Hon of folks we lnt from th' jutsUle, and the opening up . of hif land will mean a great deal to that section of the State, and even to tli State a( large " iiudgcr Think h War. r H.-presentatlve . (iudger today re .Miil lim preilleiion of three month . iigo that war between the l'nite.1 .Btates, and Mexico is Inevitable ami kddod that the conflict it Imminent. "Indications here tn Washington.; iitd Mr, Gudger. 'Vatisfy'ins that wa -U hot h Inevitable and imminent Th proper time for the; United Stales t Intervene 1m Junt when, the fJonstltu lumUitsi'.JKwi.takavr. Mxia City, -This government can thus gel he railroad between Mexico City anil era Cruz, an Immense tactical ad van i ue. - : - . "it Is useless to say thai If the trm ti'.ltutionalists win this will stave olf the interferences by the United States," continued Mr. lludger. "Thl) will not help matters in ths leant. Th best time to Intervene is now and I am as certain as anj trying can be that Intervention wHl come nd Uia t noon " Shackelford ltoad BUL . Kopresentiitlve Pou was authorised ty the Committee on Rules today to t . ... v. a ricninn I lit 1 " ' . - ouri ui v ! I severe northeast H'ei of II I 1 .' . , , u i, - a I four-mnsted schooner - -r Hw . rtport a resolution to the House pro i. vidlnK for- early consideration of tli--! Shackelford. Road pill, He will pre - - 'sent the resolution tr soon as he-anl t . ' the Speaker agree on the tmi. . Congratulation To. Kenator bimnion. Senator Bimmons today ; received from the r iSverett 'DmoeraUo-City (ommlttee. of Kverett. Mass., a copy of a resolution praising the Under-'wood-Himmons Tariff bill and sayim: that It has helped immensely the com- ' moa ptopleThank are.extended.iii , the resolution to leaders of the iid ministration la President Wilton, .Rep'- (resentatlve Underwood and to Senator BImirtona. The Reputillcac party was denounced for Its .hiKh tariff crimes. , .' Forecast for Fjirl Hack, r , , . Newspapers In big league cities ar- pwaicting .tnat Connie Mack's nor, Karl. will eventually be In bur..fs - with the Athletics, thr"fenm captained - by his famous father. His success In North Carolina- a manager of th i Kalelgh team and the fact that he wa$ chosen, to coach ' the University oi North Carolina nine this spring ha put him conspicuously In the -baseball , limelight In the North as well ma In tha South. , Sport writers are calling attention i 'his record on the ninth of last July ' when as first baseman for Raleigh he accepted thirty-one rhances wlthoul an error In an elghteen-lnning frame. - T R hv li Bkt to bo a -wni )(f -recnrtf, Moreover, Philadelphia's recall that - t several years ago young Mack Caught Kddle F'lank In a championship game for this -Athletloa, and though he looked like a baby, alongside Plank, 4 4 ( onflrmed leturUay Hy the United States Allorncy of the fjifitern DtH-trl-t of North taroiln. -7 . he pegged to the bases perfectly an.l hit well.- Ho Uhiladelpbia fans at least would not be surprised to see father and sun oh the same baseball club before many more, seasons have paused. T It. T. Humes In. It.. T. Barnes, of Wilson, wan toduy appointed office deputy in the collec tion of the Income tax. There an still other appointments tn. North Carolina to be announced. . Visitors to xWaabJiiglon Include C. L Abernethy, lieiiufort; Mr. and' Mrs. patrtr- HirkoryrJ. IK- HimshnH; Knl -elish, and Thomas H. ItolllnA, of AkIip-tiitla..-JBhM,to.liaf .an ilagal Auialmwn . Iuutuu itJUJJtuAit It Mill A III ml, After Tough l-:iMi-ieni; of the Schooner lilrtlMull. i . hi 4..,L..t .Ml, inn he year,' the wa towed Into Hotitliport bite toilH froni oft Frying l'an lightship, when STie was "ptckett up ast Titght ;! tW revenue cutter Seminole, which hast -ened to "her assistance in response to wireless meHHages from the lighltthip. The Hinlsall has a 'cargo of railroad ties, and ix in safe harbor, able to Keep afloat pending advices from hr L, 40HX- WALDIKH'. Convicted of Maimlatichtcr for Killing .' ITj-et hniatlierx. tsinMH'ttiiTnisi".'eii dui tewiwl Waynesvllle, Jan. ,2s. The after being out 45 hours on the Jury, tnur Fleet-Sinathers, rendered a verdict-of manslaughter. On the flrwt ballot tht vote stood ten-ffr manslaughter, one for murder In the first degree, am, one Hgr acquittal. It is reported- Jle has not jet 1en senleiieeil. . Waller ond the Murine Corpt. Washington. Jan. 2 -Henalors Swansffn and Martin, of Cirginiii. dls cussed -with the-Provident today the appointment.-which they urged, of Colonel U W. T- Waller to be eiitn- raawJant of the mtirlue corps, ,..TJMi4 said no decision had bei-n reached. TRAINS EQUIPPED WITH WIRELESS LATEST FEATURE IN RAILROADING I ';33eH I ;--r- 12 u J , i ..- '-- . 1 1-RECtlVING STATION fT PN TRAIN 3-.TRAIN fROW i"a easTsnr" rnttmnl, t!nr-!.aetswTmna; ba mstiiliftil a system of wireiesa trU-g-'raphy -on varuns of Ms express trslna, an InaoTstlon la land transportation, that is ex peeled to prove as aiK-remf ul eomnier rlally ss H lias-praetlrally. tuiportant cities! along lb tine fcsre ben -Ttrtpped I K. lb AMerUlet m tuilim.iii'i. Jan .1 ndicatlnin tonight Are that the State-wide en abling act which,, passed' the House bv an overwhelming majority last week will be reported unfavorably by the Seniae. ftiuiiwe -wnmmie within tit next two or three days, and that it will then le passed by the Senate with an amendment to the effect" that -the ballot shall read either- "For State wide Prohibition" or "For Iocal Op--tlon," lnHt-ad of "Against State-wide Prohibition." . 'Not Satlsfaetitry to Hoasc. ' ' It is, doubtful net tier this would IjeLareeptahle lu- ihe House, as this idtmUiatnjpmimHit waJ Voted down on that side-two days before the pas sage of the bill tn that obdy. The drys say that they want to put the (Hate on record on the question, without any compromise. Dr. IdinkfurU A polos bee-. The feature of toilay s seesien of the Legislature was the public apol ogy of Dr. (.lvius Lankford. of f.N'ot -' folk., who declared m a speech be fore the Anti-Paloon league here se -eral da-s a? that those In favor of liquor were , "either, w eak lines, r.-la-ttvos of whiskey dealers, or had'beiin bought by them,).' : GUllTi:it. WfchTERN . f. tlimater of AHxoclattntt IriM So.ntl to Work hi TnTWsi t)T the Sky. Aslieville, -lull. ;'6. Colonel f Sand ford it. rotten, manager of the t;reai er 'Western North Carolina AssikIb tioti. left yestrrday for Southern liolllln w here lie will LusriMSt -utlJw; Ijili.t lit the Kkv " Jle ! . 1 tow na atid i-ittes of Florida before J . rettrrnlng Ttr Ashevttle In -the- brme-fif t ftttBMJliW ,o.WlsS.? ,ho are spend jftj j. , the winter In the ritrerrte T.ltitri t,,T. visit this SfC-tioit of the Stale. -A j spei i.il elTort will be nade to Indie e ! Kasti-iers who tare spetn'ttints ; .t-hi-winter months in Florida to return' to their homes by-way of Western North Carolina. " F'avors TeachliiK Urofineers In llouie. Asheville. -.tan. -S. NVwell , itaynard, staff lecturer of the Nat? ional Soiiety for Broader Kducstiotv closed an engagement of three lee. tures here last night when he spoke on; "TheM Who . Wiu." He. appear-yt.Jtgr-Jrftar- 1.V sitih-as., ui lb House cohiliiTtlee of the; Young Women's Christian Association and his lectures were pleas for the teach JdUEdHDofW!dim..tJ of life. However, hn opponea the Instruction of eugenics In the public schools, holding that this informa tion should be taiiithl in the home. Badly Bumed While Heating Water. EllKtbeth City. Jan. ;.-,Mlss Elizabeth Hinton. daughter of Prof. W, M. Hinton. county superintendent of public schools was badly biirned about the face yesterday. She was heating water,'tn a bucket in a coal stove when the the water w epilled - iw h- flue-causing the eteem to rtish out of the stove' Into her face. 5CRANT0N. 2' OPERATOR. WHCH,nR5X.nE55ftG&r with rsruhltig 'ststlvDf. -The Int-Mtt suite by wirelese from a train was sent a few iIuts seo. The plctaree show the operator sending wireless oispatrhes from a train, th reeeltjn station el Keren ton. Pa., and the train fwoa wbk-k Uie rac message was nasaea S.m- 1 -fJ I mmk: mmm uu ,.v,.:i-.i.-.,ii u Vl-V-ri-' fr -11 SenaleFasses 'So-Called Reiirav7eAnnuarSes Light' Bill Already Passed By House; To President For Approval. 'Ht tb. AtymeUlffd fiAu I Washington. Jan. 26. The ao-iall ed red ligbj bill, already passed by the S"iuUe a lid, proposing to eliml nahr the sen rt "gate -distejh- in t h o Capital, was joissed liy the House to duv without amendment or opposition. The bill, i ruined by Senator Ktn yon and modeled after an Iowa law, provides that the use of any property in the Olstrlct of Columbia for im moral purposes may be enjoined. ton may not do awny w-itn concu bines aud libertluta," declared Repfe sentatiu! Prouty, of Iowa, In urglnir the bill, "but you can prevent vlco flaiinting Itself, in the fui'e of every tttsn wW Wtklks down-the-stFee1s.-f -ity. We hope to do away jvith th temptations ooiitin'ually In the way ot both me n, audita uiu e u . Itt-piililican Leader Mann and oth er,s joined in favor of the bill, which now goes to the 1'iesident for his slg nature. - - ' IX'IMLiZC VIaAYR GOI.F. National Chnmplon Vitn In Full llu.vs' . !U AMKiatil Pn-n i Pitiehurrt. Jan. 26.:.Chiimp'ioli FYancis Ouimtt. natloniiH open golf chantpion," pnf '-in a-full day on the local links today, playing 1$ holes in the morning and duplicating the per formance in the afternoon. For the afternoon round Oulmet turned In a card of 76 and displayed better form than, at any time since .his arrival iere. tlis Iron shots today Wfre prac tically perfect and he appeared- aide to negotiate the twod greens. with less effort, than hitherto. Tomorrow Otlimer .,and IonjiJ Ross will play a best ball foursome against Alex Hoss and Jack .-Jolly. - .; .- GtlLFOItU Kl TKRIOIl CtJURT. More Thanr Half tM Cases- Are Appeal ,I-rj ."(IIbMsI K tli fea itu) OtweiVtr ) fjreensbnro, Jan. 2. .Indue Henry R. Iane convened the regular Janu ary tern) of-crlmlhal court this morn ing -and delivered. splendid Charg ,1 la .thKranliuryJu HiuicltorHower. of ljexington. called over his docket, m-hlch includes about 100 cases. It Is o.ot likely that the dodtet can 'be cleared this week. . More than half of the cases ane appeals from the mu nicipal court of Greensboro and the recorder's court pf High Point, . There are two murder casea for this term: one against John Wall,, of TrigV-nrtrn:; iioriThrTthr--KginHt Fred Ktanrleld, riegro, for the murder 1 W1H Matchett. J. SiPKF.MK COURT 1-PHUI.IIK KtFRItiWtATOtt llFXISITJW. fig Interstato Commerce C'nmmMoii of California Oranges to ftern V :'':lCS',y': (Br Ult AmoritUi ifrtH.) Washington. Jan. tt. -The Inter, state Commerce. Connnisaiou'a order requiring trans-ontlnsntal railroads to permit California orange shippers to- pilc-ajidirre-cool their mm ming to eastern citlen4imitin; the charge for the use ot the cars during the pre-coollng stage to 17.60 was upheld today by the Supreme Court. ' - v - . i. Wjfer.t.tr; .-ifrwU ' ' - i i: 1 .o,-iii I .inn. o. I telMi-ltl .lioeciu laMweiM ,nWHtM- "etnMii'-wn Ofy Trements fft tli- tV-deifi! "jiiiirlsidi h t nrnU Jtujjer VI I 1m... ,:i i ,. lv rea - on a I ve ii ti tlmf all poiisllile military tn-ngih Willi be centered ni the rapttnl to miteet It In a Ih Hi kiihuI nsnllnl the at- in,slng f.-'-is that will eventually renter Governor's Office Today Governor Craig Will Encourage Friendlier Feeling Between the State's Institutions. The University board of trustees will meet this morning ut 1 1 o'clncli lii the office 'of: tlovernor Craig. It is the annual sitting of that board and a number of -the members nro now here. There are sixty trustees of this Institution' und fully half will be In attendance according to the yitrw of tho.e now here. Prof. Eii. ward K, 1 1 1 aTlHToTwTio'iniS been at . the head-of, the University . J','" i 'up'thiUwidy-was wanuJiiit-whea phy, ' ' "i '.' l!r'!!h arrived the man was heiond since .1)1. F. P. V went abroad lust year, will make his report today. Further than this no subject of exceptional importance in expected to eome up today. Matters pf general interest to the UnivenHty will be trested, of course. "RTnce ; ffieTs rt m e 1 1 -TTega riy i-ont ro H versy as to athletic coudltions at tjie two Insytutlotia began toiiHlderonle. interest nas been .expressed. us lo t he course she trustee will take in Htia gestlng la .remedy ofr the apparent feeling between the two colleges. Covatriior Craig said last night thai he tine ioJib;'i)llotv.tf Uiklnj any.-otli.. 'clur'iii'tii.-e "of any"JgVIev'ariciij"'briiUKhT by partisans of either tiistftutton. but that e might suagest todav as n frlent of both Institutions thai they restore athletic relations und be more friemiiy.-in- Ue-iXulire.. lie recalls severe outside i-rilleianiTif-siaie insti ftitlons to the effect that there is need of .Rt.h.letle-regenerution. The present controversy , is aiding "TIiF""attaek of foajsffom without. - , ' . ..For. a. lung'- time men iletiiiyl at tendance upon either college have re gretted ,1 liar the' tw state institu tions, supported largely by appropria tion from all the people, have, been unable" to understand why two such Institutions should have a harder time gcttlflff wloflg than ?WiT fcuunrt byti ties al all. From them goes up a yearly demand thnt the institution!! in which more people are Interested thtnHilj-ottossb.u-uM-me-el.ln friendly rivalr'on the athletic fields. Base ball aiid football games between the University and the A. and M. .would attract, .more people to Raleigh thap any event that could possibly take pluiie. -in the Btatfl. The people hcrt and elsewhere must go to foreign Htnte trr attend theni. It Is these conditions that ffovernor Craig" anil- alumnl of both Institutions believe can be remedied. . Among some of the trustees pres ent here are ex-lovriirir T.' 3. Jar vla, 'of OreenvllleT; Col. ,K. 1. James, Oreehvlllc: F. -J. -Cixe, Wadesboro; John A. Parker. Charlotte; Maj. H. A.I.ondxiu ljUta'JOXl...I)Lhwlpb Hyde, Pratt, Chapel Hill; T. J. Gold, High Point; and Be-nehaw Cameron. - ItOW.W nAKACA ORGAN IZF r . Hue Mettlng uiufipr at tlilna Grove . luo Members In Count v. . Balisbuny,' Jan. 2.-j-The Jtowan County Baraca AsHoclalton, Is ncy? organization effected a t.'hlnatirove Bunday afternoon. - It Is really1 a change of name for the Sallabury Ba. raca. Union and. was made so as to Include all of the;30 -tr mere classes' with more ' than 1,000 members in Rowan county. -The convention held Bunday was a live oner speschea being -made by II. U. uorsett,- the - prsi. dent: A. B. Baleeby, R. W. Tatum. P. R Carlton, of flujjebury: D. R. txUaffer, of Spencer, and others. J- Tii TliW sei-tioii of llie bloinl Maine re- -.HWLHi.- AUWOT UU,, V 11 triilnt nil shbii lie send lite owretletM ItghtiUK iik-u nut on klltiag -expeditions, a lirybii.of iltjoi erbebt. vtt t,U, .bnnlefleld arter the 'i iiiiture nf Ojiuaaa by Villa ss4 the latest photo of Villa, who is standing with Mineral tirteirs. Villa I t the left m) Ortega la at the right. NoHleet Lyon TakeHis Own! Life After Alleged Despond ency FollowingToo Much yquor. tSit. i.i ?ha N.wa an.1 Oiw.r Kiiiston. .laii. 2. Norfleet kjonj about 80, a fancier, and well connect ed, Committed: suicide In the Nettle' Hotel here early today by taking car bolic acid. He Is believed to iiave swallowed three nnd fine-half ounces of the stuff. Lyon had been drinking for several days and probably was Te-' filSHijlL'I Il-Jts f'iund:in.a ruum o the second floor at ten-'o'clock and resuscitation. He left no word to ex plain bis motive. The coroner deemed an iriiinPRrTrrrnesKarr; THE DAY IN CONGRESS si A ATI-:.' . Met at noon Received the Inlerstaie ( :oninirci Commission's report, of the Frisco ti sit-in. Jfr( VetcblP, Labor Committee deferred action on Ihe Michigan and" Colorado strlki rciwilutlons. AinJoTirneil a' .". 57 p m. . to noon Tuesday. M'J' HOUKF: M"t at tiOOn. Hecretary Ijine testified before the Mines Committee on his project for cons't;vutTo'n. of Vadium : bearing ores. . Took up gerl District otjjolnm Ida legislation. Adjourned at 5.54 p. in. to noon Tuesday. ' GUNMAN STIl.Ii ,-.T LARGi:. CrTTTKthii'o N'i'irrtr Krtot Two. One of W hom Will IVobably Die (Sye-'lil lo Th N.ifi anil Ot.rm I Greensboro, Jan. 21- A hriiham Washingtohi f Ii negro wTio "iliot and probably fatally Injured John Young Thursday night. la still at large and all efforts of the police and county officers to locate him have tbeen in vain. Young had his spinal column shattered and .has been hovering, be tween life and death at the hospital for four days. This-mornlng-an ope- ration was perfoi-med-.UBon him, but it Ijs unlikely that he . will recover. The; police have : discovereil that Young also shot another negro, Ir win Scales, before getting away Thursday night. Scales- was shot In he shoulder and will recover. "ItUKKtAN-AMBAttftAUORT" To United Ntatcs Kteods a Day al . NewraHt News. ' flW tin AnodaM Pwji.l" , -Newpott'News," Va., Jan. 2H. Ac c(iupaiild by one of the -member of his staff,' George Bahkmateff, Russian Ambassador to the United Ktates, ar rived here this morning from Wash ington and ls-today the guest of Cap. tain S. Vorojelkln,. of the, Russian cruiser- Rossiya, which la ' undergoing repairs at ;the? hical shipyard. , The . ...!. . - J , . I visii w umi.iruiaieujui auii Jiu.iiu bTThfr'ttbBBly&'irguns announced tho amlasap'or's arrival. Embassador Bahkmateff spent the entire' day aboard and Is expected to return to the embassy at .Washington -nht C.YTk' v.. '' ... r 'il Financial Operations Some of. Which Were Pocketed cause-of Insolvency ' Stated In Summary To Have "': Been Dispbpo'rtiohate Cap" jtallzation; Acquisition ol -New Lines; Financing Other Lines Troubles of the St, Land Frisco Company. t IS AM.! fl -V' . Washington, Jan. 31. nnanaial, operatl. ma which included the. ac- 1 qulremsat of line through-syndicates wblcu pw filed, to the extentJoflnoi'- than $8.0fl0,00. some of which wm pocketed hv the road s own officers, are cltd as amonr the nndeetvinr causes for the insolvency r "the -St. louls and San Francisco-Railroad ' Com p ny tn a report to. the; feoaU to- day by ths Interstate Commerce O.m- p mission on the Frisco lines receiver " " Ship. ;:..- '-- - No recommendations are' made by J the Commission, B. B. Clark, the chairman, statins; In the letter of ' transmittal that they weren ot called for in the Senate resolution directing i-ln-restlfattonrt--:Tii' rpwtshewi. that the funded debt of the rallroid May 7, Il, when the reeetvenihlp waa ordered, amounted to i3,I pn cent ., Of Jhe, total, capital ilgWii&S jUia . !" I apJlal at that timn. AmouutUs;.. irrtsa.i,t.Tt."of wtrtctrowlytll- 4,100 was capital stock and 4,.. " 2,8SI 72 was funded debt. Including ' equipment (rust notes. That the interest bearine- HaMlttlM were wholly disproportionate when totniiarea " with the capttaliaailon of fmailori. which submits -- Otrea f om eight" "selected railroads ahowtna; the " average ratio of funded debts to cap ital JiaJblUfy-to bfe61.& per ntTh report--further declares that the 1ns- btltty tif the Krtsco to meet lta obli gations seemed to have been apparent -for eome tlmep rlor to the applica tion for a receivership; that atrenuous nfTorta were made by Us officers to tide over financial difficulties from day to day; that money, was borrowed until every arenue of asslstanoe was" exhausted, market able securities be ing either sold or pledged as collateral under the numtrft'iS-loanai ami that T norwWistsnrtliig- thls-hanstar "flnanj " clal condition, the Frisco sold to !1I Speyer A Co.. of New York IS.OflO.- 000 of Its general lien five per cent bonds, a transaction which the Com- a1 Summarized, the Commission's re port attributes the Insolvency of the ' Frisco to the following ca.ues: "Disproportionate capltalisatbrn. "The acquisition of new lines. "The tinaiiclng by the Frisco of the New Orleans. Texas and Mexico Rail road and otherXouth Texas Hires. "The desire for an entrance into Chicago, resulting In the assumption of heavy fixed charges in th acquisi tion of the stock of the Chicago and Western Illinois Railroad: "The sale of He securities at prices so low as to Indicate ' a" deplorable weakened credit or an extravagant arranepment with baijKers to. whom large Rroflts accrued in the purchase rtsf the bonds and the subsequent sale I of same to the public. "M'TsctIThtotou canFS;'mriTiit wWrir ere the payment of dividends anon (Us prtferied atock in spito oi ita weakened credit and need of money. "Poor lnvestmenta and expensive rentals., among which are the Invest -nient In IIih New Orleans Teimliiat Company. utock-in the Kirby Lumber Company and rentals pahl the Craw- Inlhg Company. DetaUed description was given of the operations of syndicates formed to finance the construction of a num ber of lines, and the sale of such prop. - HerrtMr-Ho -the, Frisco, and at summary, of Uaswe operation., in-tpMeh- B. r."" " Yoakum --and-etbr officers of the Frisco participated. Is given as fel . l0Wra;OTf,,;.. ?r,,,.;J .;.;l.i::,-v;;;;-,;,,i,:,;-;i';;; "(iklaltouia Oty and Western, amount paid tn -,097,tit. 93; profit, .." $3f,S7.lz. "St, Louis, San Francisco and New: Orluru. amount paid In $5,300,000, irotit, IS37.40O. . , , , "St. Ixiuls and Uulf. amount paid In $2,700,000; profit, $1,$SS.9.$2. "St. Louis and Oklahoma City, amount paid in $1,000,000; profit, $6-6.150. - ."St l(nuis, 'Oklahoma and -Southern, . . . $I.3MI2.16. prnt.-.TIt,i?4.. "Adkins Valley and Western, $1, i 6l,3;; prolit1, $5,77.$2. h- - "Kew Ilierlk and Northern, amountT ' paid In $-.000,000; profit. $500,000. "St. I-ouls. .Brownsville and Mexico, $$.1.00t profit, $1,0I1.-.S. "Colorado Southern, XOrIen-. and PaefHci- amount paid itT$"it.Oi0- 000; profit. $175,000. TTOrnwUht'' p'-id m' $?$.$$.- 111.06; profit. $?444.7$ 51.' - WAT BOYS' WTIOOI- Kallsbury BiD-lnewi Meit'iAreHVfotln.'! to Tills FjhI. iNiwdal to Tt aist Otasraal - ' Salisbury. Jan. it. A number of Salisbury business men have deter mined to organise a boys' school for the city and a committee, consisting of Mayor W. H. . WoodsojT. J. Je- ; roine, and Oeo. It. Collins, has been named to work out the details. It is the punpose to. have the school open foijkhiilembjfrThe com- rhtttee is negotiating with Dr. Ford, principal of the Alabama State Nor-., mat College. . --s. ' " ' v . WANT NfiW MKMBKRS. - Greensboro Cliambes Ha-a Many Now, But Cam Use Store. .. ' ',Oi-al t Tht Mm and oaaarrar.l Giensboro, Jan. ,2$.-r-WeSnsd. morning a campaign fori new mem bers of the chamber of commerce will be commenced tn charge or a com mittee cbn-rooaed of C W. Gold. CM - ll-.-l-hl n w. A W -.!- ffimu'fi'n Will. k. ,. A OI , ship, but it' A believea that With the good - record the organization has made' for accomplishing things dur ing the last year maay more oaa be UilMd $ 4otik J. JL
The News & Observer (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 27, 1914, edition 1
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