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.2 1 THE RALEIGH TIMES, ,MONDAY, SEPTEMBER 16, 1912. Vhen You fawn a Good Deal In the day time, and feel dull, lazy and discouraged, you have every symptom of a torpid liver. ; Simmons Red Z Liver Regulator (The Powder Form) is a fine tonic for a disordered liver. It acts promptly. The bilious im purities which have inter fered with the free action of the liver are driven out, the stomach is cleansed and strengthened so that it can more thoroughly digest food. The bowels are purified anda regular habit re-established. It is a splendid medicine for the whole system. Promotes a feeling of energy, mental activity and cheerful spirits. Sold by Dealers Price, Large Package, S1.00 a.rlc lor the (raulne with the Red Z on tha libel Jf you caauot ret it. remit to in. will tend It by nail, postpaid. Simmon Liver Regulator la alio put up in liquid form tot those who prefer II- Price S1.00 per bottle Look for the Red Z libel J. H. ZEILIN & CO.. 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In equipment and acbolanhlp at Elon Collaie one of the Sooth's "moat prorMtvt col leen lot only f 197.00 li?.W per ten month! trsfllon. Alto, hiiheet invtractionff In MUSIC, ART, EXPRBS5ION, COMMERCIAL BRAN CHES and NORMAL STUDIES. A. R PH. B L. 1., B. PE-, and M. A., Bet reel ODeerteventeen tpeclalifla. Special attention to tiioee deficient In one ot more ftodiee. Sit down at once nod write for particular to .. . Pre. W. A. HARPER, Bow CoHeta, N.C. ALBERT ANDERSON, M. D. 42H FayettevlUe Street. OFFICE HOURS: 10 to 12 A. M. 3 to 5 P. M. Bell Phones Office 256 Residence 234 Electric i tiers Mado A New Man Of H In. "I was suffering- from pain la mi stomaon, bead and back " writes H. T. Alston, Raleigh, N. C, "and toj liver and kidneys did net wo:k tight, but four bottles of Electrio Bitten mad me feel Ilk a new man.' MCI 0 CTI. AT Lt DNUQ STORES. Get m 48 piece Flow Blse, Gold ; Decorated Pining Serfles for t8.7S 1 Croat XIm Tinitw. ARB R UGH l.awwaraaaBBBBBBaaaBaanajrFaaapwi A6RCUL W CREDIf SYSTEM jeet of Address By Mr. Conant Before the Bankers Detroit, Mich., Sept. 16. The ad visability of forming a "co-operative democracy of state - mortgage loan banks, united into a powerful cen tral organism, for strengthening commercial banking credit," was recommended for consideration of the American Bankers' Association by Charles A. Conant. The subject of Mr. Conant's address was "Land and Agricultural Credit." Mr. Conant began by referring to the pressure of population upon food supply and the necessity of increas ing the area of cultivated land by improved methods of extending credit to the farmer. He pointed out that bitter experience had proved projects for Issuing money upon land to be unsound, but that Europe had solved the problem of the ready transferability of mortgage loans and ow rates of interest to the bor rower by taking a leaf from the ex perience of the limited liability com pany in the issue of bonds and shares. "In Europe," he said, "the man who has money to lend upon mort gage is no longer obliged to make perBonal examination of the proper ty, nor to risk his capital upon a single investment in a non-transferable form. He has only to buy a negotiable bond, coupon or regis tered, according to his preference, which he can sell as readily as the bond of the government and with even less risk of fluctuation in its price. He has behind the bond not merely the land, the source of all wealth, but he has the pledge of a stock company that they have ex amined the properties upon which loans have been made, that all such properties are held in the aggregate as assets against the outstanding bonds, and that the company has in addition an adequate capital to cov er any unexpecter shrinkage in the value of the property behind its bonds. "The bonds issued by the credit foncier of France under this system are made attractive to the borrower by the system of amortization by which they are paid oil and by the long terms over which the amorti zation extends. In the loans made by the credit foncier of France, more than three-quarters are for periods ot fifty years or more, so that the amortization charge involves only a small addition to the annual in terest. "The rate of Interest charged up on loans during the last few years by the credit foncier of France has been 4.30 per cent. For a loan re payable in thirty years, the semi annual payment required has been 2.982 per cent, or just under 3 per cent, making the two payments for the year equal to 6.984, or just un der 6 per cent. Where the loan is for forty years, the sum of the two annual payments falls to 6.259 per cent, and for fifty years to 4.882 per cent. It may not be possible to float bonds in this country at a rate so low as to permit loans upon mort gage at 4.30 per cent, but even if 5 or 6 H per cent is charged, the ad ditions for the amortization of the principal will not be materially greater than In the case of the loans made by the credit foncier of France. "While It might not be possible to make loans as low in America as they are made in France, it ought to be possible to make them at a point much lower than the farmer pays under the existing system of dis posing of mortgages to individual in vestors. The average rate of inter est shown by the federal census of 1890 upon mortgages on farm lands was 7.07 per cent; but this is only an average, pulled down by such rates as 6.86 in New York, 6.45 In Pennsylvania and 5.68 in Massa chusetts, while the average rate (and not the maximum) rises as high as 8.18 per cent in Minnesota, 8.38 in Texas, 9.79 in Mississippi, 9.87 in Washington, 10.65 in Idaho, and 10.97 in Montana." The speaker discussed briefly the system of co-operative popular banks, which baa obtained lta widest extension in Germany, "The Raiffeisen system of popular banks is based upon the principle of co-operation among farmers, usually peasant proprietors," be continued. "The principle upon which these are established Is that of the unlimited joint and several liability of the members; but aa limited liability has been found to afford adequate protection, about 8 per cent of the German banks are now based upon limited liability rather than un limited. :. "The credit extended by these banks is chiefly personal rather than by way of mortgage security, the united guarantee of the members of a society being adequate protection to the lender for the repayment of the money borrowed. The working capital Is derived from the shares which are paid up by the members, the reserve fund, aavings deposits and deposits on current accounts, and finally the sums which the bank procures by meant of loans from central co-operative banks, other type of banks, or private Individ uals. The business of the rural bank consist! for the most part in making advances to the members. Surplus Cash on hand la deposited with the central banks or Invested In banking operations with third parties." - Bumming up the relation! be tween the proposed plan of the monetary commission for bank note reform and land mortgage banks, Mr, Conant declared that the farm er has the right to demand the same facilities and opportunities for obt taming credit as the manufacturer and merchant, with the limitation that the facilities afforded him must be based upon sound' banking prin ciples. "A central organization . for the issue of mortgage bonds, recognised by the federal government, like the credit foncier, would probably be re quired in order to give the bonds a sufficient guarantee and a wide market," he said. "Organisations under state laws, especially if they lacked the guarantee of the state government, would defeat the prin ciple of a broad reform in mortgage banking, because the bond issued in the poorer states could not be sold at home or abroad at the same rate as those issued in the richer states, where there was less need for such institutions. "Without committing myeelf at this time to a definite plan, It is probable that it would be found ad vantageous to establish state organi zations, charged with making local loans, under the rules laid down by the central organization, and that the latter should be able to issue its bonds under its own guarantee, se cured "to it by the deposit of mort gages or bonds guaranteed by the state associations, in other words, it might be found advisable to build up a co-operative democracy of state mortgage loan banks, united into r. powerful central organism, similar to that proposed In the plan of the monetary commission for strength' enlng commercial banking credit. "it is not Impossible that the three great branches of banking, the commercial credit, the mortgage banks, and the postal savings banks, might be linked together in a system which would give greater flexibility to credit than it has ever enjoyed in our banking history, by the aid of which each, without violating sound banking principles, would be able to extend to the others in time of need." . : Glorious News ; comes from Dr. J. T. Curtiss, Dwight, Kan. He writes: "I not only have cured bad cases of eczema in my patients with Electric Bitters, but also cured myself by them of the same disease. I feel sure they will benefit any case of eczema." This shows what thousands have proved, lhat Electric Bitters Is a most effective blood purifier. Its an excellent remedy for eczema, tetter, salt rheum, ulcers, boils and running sores. It stimulates liver, kidneys and bowels, - expels poisons, nelps digestion, builds up the strength. Price 60 cts. Satisfaction guaranteed by King-Crowell Drug Co. WILSON THE GENTLEMAN Excitement and Turmoil of Cam paign Do Not Excite Him, New York, Sept. 16. "In addi tion to all his other excellent at tributes, Governor Wilson is a gentleman at all times," says the York (Pa.) Gazette. "The excite ment and turmoil of a presidential campaign are not sufficient to over throw, his poise or to excite him to intemperate language. He has been the target of enough misrepresenta tion, extending all the way from statements based upon a misunder standing of his position to malicious perversion of facts with intent to deceive, to make excusable some dis play of temper. But he has kept cool. Particularly galling must have been the language of the third term er. But he has remained unmoved. 'In bis address before the New York Press Club, Governor Wilson took occasion to discuss the Roose velt party. Instead of the intem perate and at times insulting, man ner in which Roosevelt has treated him, the governor paid a high trib ute to the really honest members of that: party that must make them hang their heads in shame when comparing it to the attacks made upon Wilson and democracy by their leader and some of their organs. It is a speech that ought to be read by all men. It is the message to real men. It is not the hysterical ex clamation of a man with a grievance which he exalts Into a cause. 'After paying a high tribute to those who really believe in the Roosevelt cause, Governor Wilson calmly and carefully points out the very obvious fact that, even it their candidate should be elected, be could not at all carry out the pro gram which the party has laid down. He doe not feel called upon to de nounce any man as a liar or a crook or assert that anyone is guilty of false pretense, but contents himself with calling attention to the great mistake being made by those who hope to accomplish anything through this movement. "In a gentlemanly manner he tells the public that the democratic party has been progressive for six teen years, and that through It, and it alone, can come the relief de manded, which is strictly true. Nor does he intimate that a man ia a crook or a fool because he ia a real republican. He lays the blame right where it belongs when; he says tbat that party hat been misled by its leadera until now It is helpless and hopeless. He lays no claim to di vinity or Infallibility on his part or that of his party, but ahowa that of all parties it la the one best adapted to the present needs of the public. It is no wonder that he la gaining strength ao rapidly. He fully de serves it all."-- COLLIERS ON ROOSEVELT Refuses to Swallow Hi Declarations About the Tariff. New York, Sept. 16. Collier's, most ardent of all Roosevelt sup porters, refuses to swallow all over again the theory that "the govern ment' will aee that the tariff graft stops- in the pay envelope." It was bad enough when Mark Hanna hood winked -. the public with It sixteen and a dosen years ago; the third term candidate's attempt to palm It off now is the final straw. Col lier's, in Its Issue ot September 14, serves notice on the colonel as fol lows: " The statement ot Colonel Roose velt, frequently reiterated, that the money powers are lighting against him exclusively, and are satin ilea with both Taft and Wilson, is no doubt a perfectly candid statement of his belief, but It seems to us grossly Inaccurate. The president, from some source to us unknown, has re cently got plenty of money for his campaign. "We happen to know that Mr. Perkins, while making it clear that he can raise all the money needed by the Bull Moose if he wants to, has held back and indicated mat ne might step out if things did not go according to his wish. "We Btate this not as a surmise but as a fact. "It doesn't mean anything agaiiTSt Colonel Roosevelt's independence, which is well established, but it does seem to us to constitute a reason for not making charges of probable sub serviency or helplessness against Governor Wilson. Whether or not big business men would care to help Governor Wilson financially can scarcely be known, as he is so panic ular about who . contributes to his fund. "Our guess would be that Mr. Jacob Schiff's Bupport of Governor Wilson might be found partly on the belief that he was going to be elect ed, as Mr. Schiff could scarcely take much satisfaction in the governor's intense feelings about the existence of a money trust. We mention this Instance because Mr. Roosevelt has chosen to emphasize Mr. Schiff as an indication that "high finance fears only him. "As a matter of fact, the Morgan interests in general will probably be backing the colonel even more heav ily than they are now before the campaign is over. "On the monopoly issue the prin cipal exponents of the colonel's posi t ion are Judge Gary and Mr. Per kins. "On the tariff Issue, the old re publican gag of Mark Hanna's day is served up anew, In the idea that the government will see that the tariff graft stops in the pay envelope. Working men have heard that story a long, long time, and meantime the price of living goes up, huge for tunes swell, trusts are created by tariff favors, the city grows at the expense of the country, and 'pros perity means plutocracy. "To our best belief, Charles R. Crane is the only big business man in the country who has thrown his whole heart in the effort to elect Governor Wilson to the presidency." Democratic leaders promise to surprise the country at large In No vember by the democratic vote which will revolutionize politics in the Keystone State. Every department at national headquarters has-been receiving communications daily from all the congressional districts indicating the rapid growth of Wilson sentiment. When a woman can believe In her husband, it's a sign she could in any other man who was. CASTOR I A For Infanta and Children. Tbe Kind Yon Han Alvajs Bought Bears tne Signature of It Costs You Nothing To Have your garments mended. Buttons Sewed on. Your darning neatly done. ALL FREE OF CHARGE. In addition you get High Grade work and good service by sending your linen to Peoples Laundry Co. RALEIGH, 1. O. LARGEST AND BEST. Office 107 Fayetteville Street, Both Pones 74. MONEY TO LEND In Wake Ooaaty Oaly. ooma 18-10, Pollen Building, City. Oa KIther Real or paraosa! flararlty. Free Music Pupils wanted for dav and nlaht classes on Violin, Mandolin, Guitar ana r iano specialty. No extra charge to teach at pupils' home. Special prices for two or more In same house. Music and Instruction books free, .. - , Prof, J. Levin Phone 807 Bell. 828 W Jones St 7 TOYLAND The Store. of Quality. Phone 438. -8and 10 E. Hargett St. Jobbers,' Importers, . Retailers, GET HID OF RHEUMATISM Rubbing with liniments, blistering the affected parts, the application of plasters, and other means of external treatment, are usually helpful In re lieving the pains and aches of Rheumatism. But such treatment does not get rid of the disease, because itdoes not reach its source. Rheumatism comes from an excess of uric aoid in the blood. This acid acts as an irri tant to the nerves, muscles and joints, and produces the inflammation and swelling, and sharp cutting pains characteristic of the trouble. mm every particle of irritating uric acid from the system. 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Mine Uluatra- f DICTIONARY M ,h. , 1. lar iuu..- v .'d pf.?,!; Ezra and eharta are Mitted. .SIX I M- aa tba anp - a, . - Mfr4hyaya4) A. Blue, Gold Decorated Dining The VANDERBILT HOTEL 34th St. East at Park Ave. Sutoqy Entone New York's newest and coolest The World's most attractive Hotel. Each room with a bath. ' T.M. Miliar d, Managing Dirmctar Walton H. Marahall, Chesapeake & Ohio Ry. Schedule rabieet la chaste wltkeet natlee SCENIC ROCTE TO THE WEST. THREE FAST VESTIBULE TRAINS WITH DINING CAR SERVICE. Through Pullman Sleepers to Louis, vllle, Cincinnati, Chicago . and St, Louis. A.M. P.M. P.M. Lv. Norfolk 11:35 4:00 4:00 P.M. P.M. P.M. Lv. Richmond 2:16 6:40 11:00 Lv. Lynchburg 4:10 .... .... Lv. Ch'lottsvilfe '6:25 9:27 .... A.M. . P.M. Ar. Louisville 10:35 .... 7:30 A.M. A.M. P.M.' Ar. Cincinnati 8:00 10:00 6:00 P.M. P.M. A.M. Ar. Chicago 5:00 '0:28 7:10 Ar. St. Ms 6:15 9:30 7:45 Only one night between Raleigh, Cincinnati, Chicago and St. Louis. Dirwt connection (or all points west and northwest: For descriptive matter, schedule and Pullman reservation, address, W. O. WARTHEN, A. O. P. A., Richmond, Va. JOHN D. POTTS. Gen. Pass. Agt. Statement. Modem Woodmen of America, Roek Island, HI. Condition December 31, 1911, as shown by statement filed. Amount of Ledger As sets December 31st of previous year.. ) 7,670,385.18 Income from policy- cyholders, 116,791, 680.62; miscellaner ous, $413,690.59; Total ....... 16,205,371.21 Disbursements I To Policyholders, $11, 613,842.85; Miscel laneous, $1,965, 411.34; total ..... 13,579,254.19 Benefit Certificates written or revived during year Num- ' ber .131,341 Amount ..... ... .179,888,000.00 Benefit Certificates in force Decem ber 31, 1911 ' Number 1,183,733; (Amount. . ... . . .1.863,194,000.00 Claims Incurred dur ing the .year Num ber 7.104; Amount 12,020,500.00 Claims paid during the year Number 6.918; Amount .. 11,613,842.85 Claims unpaid De cember 31, 1911 838; Amount .... 1,381,876.60 ASSETS. Value of Real Estate. 562,067.57 Value of Bonds and Stocks owned .... 6,619,699.66 Deposited in Trust Companies and Banks on interest. 3,114,734.97 Interest and Rents due and accrued.. 107,258.23 Assessments actually collected and held by Subordinate ' Bodies, not yet turned over to Su preme Body ..... 1,325,000.00 All other Assets, de tailed in statement. 302,590.88 Total ......... ..$12,031,351.31 Less Assets not ad mitted ......... . 340,270.58 Total admited As- sts ......... $11,619,080.73 LIABILITIES. Death Claims: due and unpaid ......$ 1,381,876.60 Salaries, rents, ex penses, comm Is- . sion, etc., due and accrued 60,096.95 Total Liabilities... $ 1,441,973.55 Business In North Carolina During -..--1911..--: Benefit . certificates , written or revived In 1911, Number, 2,092; Amount... .$ 2,816,600.00 Benefit certificates in force December ' 31, 1911; number 3,861; Amount 6,275,54)0.00 Claims linnnld rwemhor SI mil No. 1; Amount, $1,000. Claims incurred during the year. No. 9: Amount, $18,500. ' Claims paid during the year, No. 6; Amount, $11,500. Claims unnalrl Dnumhar til 1011 No. 4; Amount, $8,000. - ' Total amount nremlum m aiaua. tnenta Collected Or laminil AitrKmr the year in North Cure! In a, $36,. 1 4.UY. i President. A. R. Tclhm- K.ri,r.r C. W. Hawes. , , Home Office, Ror.k IslanAJ, 111. Attornnv far gapvIpq 'in........ J " '-- ' ...!. llllHlMIt, Commissioner, Raleigh, N. C. Business Manager or Organiser for North Carolina. Home. Of lice. State of North Carolina, Insurance Department Raleigh, March 4. ItlX " I. Jamna P Vrnmo. i.n,.. Commissioner, do hereby certify that the above is a true and correct ab stract of the statement of the Mod ern Woodmen of America, a Frater nal Order of Rock Island, I1X, filed with this Department, showing tbe condition of said Order on the 8 1st day of December, 1911. : i Witness mv hand anil nffkxlal al tbe day and date above written. JAMES K. YOONO, Insurance Commrssloner. J 4-
The Raleigh Times (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Sept. 16, 1912, edition 1
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