Newspapers / Asheville Citizen (Asheville, N.C.) / Jan. 15, 1910, edition 1 / Page 1
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Ilv.. THE ASHEWELE CITIZEN. Leased Wire Reports. ; I Associated Press- THE WEATHER: FAIR. VOL. XXVI., NO. 86. AS1LEVILLE. X. SATURDAY MOUNINU,.! AXl'ARY lo, HMD. 'MCE FIVE CENTS. "LITTLE RHODYMS ASHAMED OF HER El One Branch of Legislature Re peals act Authorizing State to Take N C. Bonds FORMAL CLAIMS FOR PAYMENT PRESENTED Reaches Governor Kltchln on Day Legislature Repents of Covelousness ItAMClOII. X. I'., Jan. 1 4. i iov ernor Kltchln received this afternoon it ltt(er from (lovornor Poithi-r, of Ithude Island, giving formal notice of Ihe fui't. t hiit he liiil aj-oopted 1,'inii Ihe Kew York 1 n n d li 1 1 i-x ooninnt- lee the 144, 0M0 ill North Carolina special tax bonds, and ihat the Keneral treasurer of lin slate and the attorney j;neral would proc I Willi whatever Steps W'fp-e necessary to cnllerl the bonds. The Idler explained that there waH an art passed lv the inoti legislature that rctpiiretl the governor to accept any and all such i;ift.s to the slate, and providing that the n -eral treasurer and the attorney gen eral, ami treasurer of Rhode island must take whatever steps may lie iiecessury to realize on snrh gifts. A ropy of the Khode Island art was in- Insed and the hope cxpit'.ed that North Carolina would take some ao tlon thai would adjust the matter without unnecessary lit igat ion. May Uepeul Act. Lalcr tonight a telegram was re ceived from Providence. H. I . mating that one hraneh of the legislature had passed a hill to repeal the act by whieh the bonds are authorized to he accepted by that state. Upon Ix-ing informeil that one liranch'of the Khode Island IcgiNla ture hnd passed such an act, (lovornor Kitehin wild: "Such action is in accord with views I have before expressed. I feM sure that Rhode Island, with full in formation, wauld not wish to harass North Carolina about the fraudulent btinds Issued in reconstruction days When the history of such bonds it k'nmvn' throughout 'the country, there will be no state, legislature which will he willing to accept them as a gift or to hold them in any other capacity. "Those who ottered them to st-ito do not bestow from any spirit of pa triotism of philanthropy, but from selfish pitrposes. and with the vain. (Continued on pace four. IN I NALIGU RAT DEVELOPS IN THE HOUSE Adjournment all That Saves Proposed Amendment From Defeat VOTK WAS CbOSK WASH IN(".T( )', Jan.. 14. An tut -expci teil curly a djonrnnn lit th. house today pridial'l;.' savctl 'Vnm de feat the Henry resolution i.toposiiiK an atnendineiit to the i ..list it ut ion ohailRinc the date of pi ,- identa I in miKiirat ions l.ed hy ltepreeiitativc I'.i'Uin-'. of New York tl ppoiii-nts of the reso lutions show e,l .-.ill. n.'.s"! 1 1 1 is 1 1 s 1 . 1 ed strength. F'eat fiil lest he i owl, not iiill.M. r en.Mitrh votes t" M.'iir.- the r..iiir.rl two-lhinls majority for the adoption of the resolution ill 1 )l' al .;eii e ol s. -eral nienliem uho were committed to foippoft it. K.pr.seiitatixe lt.-ur of Texs. its niiihor. was determined to prevent a cote. At four o'e... k. afl-r he hail spoken for forty minutes, lo asked unanimous const nt continue tor one hour. Representative Shcrh y t.f Kentuckv rdijt-. tcd. Keprtventative I'.aincs of H'rl 'ir Kinia then moved the previous tties lion anil on a tli-.ision th" nioli.ei prevailed by the c lose ote ..f fi'J to B1. To prevent a vote. Mr. Henry made the point of no .(nunim. hut hofore the speaker could order the doors closed and alisciit.es l.roueht in. Mr. Parker saved the day with a motion to adjourn whieh was allied without opposition. The resolution Mfl vigorously de fended by Representative Henry, of Texas; Representative Crais. of Ala bama. Stations of Mississippi and oti tis spoke .TronRiv aeainst it. The first hour of the day's session was devoted to the readine "f the president s con-n r. at ion messai:, whieh ws.i enthusiastically receive. 1 hv the republicans anil some of the dem ocrats. The hocsv adjourned at 4 fi". o'clock until tomorrow Th.- senate was not in session today. WOMAN ASrilYXIATKI). XFW ORLEANS. Jan. 14 Mrs. Rilhnrd K. RmfT. wife of the s.ere i irv of Tulnne university, was asphyx iated In the bath room of her home b-re tonight. GREEDY DEMANDS URGES NEEDED LA WS FOR CONSERVATION OF O UR RESO UR CES President in Strong Message Calls A ttention to Further Legislation Needed as to Forests, Lands And Waterways. WASHINGTON, Jan. 1 4. rrvsidt nt Tail's sprcial runs- r at i n nii-a' uu.h ilclivri-ttl t. (h- lioiiK,- by Mr. Uitia :iSHixl;mt sm iciiiry to i hi- pivs-idt-nt, -StMin atur that body ntnvmi-tl Ind.iy. IVnwioii I'islation wan iu-t'Trujtt-'d fur tin- rt-adint; of i In- l.e-itUR-nt. ititiJ the s( :ik v ath inctl m'iii lnrs t" pa clusr a I tent ion t lit-re to, Ihtjuino rvi i-opf.f h;ul arrived im d Wl riltut ion aiiioiiK t hem. Whvn the rt'adins of the nn'nwiKi' lmd Imm-11 i-oncludrd, a roar of p Plaii.sc arose f rom iu- rt-piiLlii an Mdr of lin- chamber and vcral 1. inofrat ic np'inhcrs also jorneil in the d-m-on.vtrat ittn of approval. Tlo- sp. -a !;. op motion of Major ity I.ea)ei- I'ayue, referred the do,n iim nt to tin- e..nimiite,- o Hie whole hitiiHt alter which the honm- rediriied to eoitjdderat ion of its pension hill. i:tcnl of I'uhlic lomaiH. To tM fy-natt and house of repre entati cs: In my annual mc-sr.iKt- I reserved tile Htlhjert 4l the coi,se a t i oil of olir tint joiia I I'eou n t ,s 'er d isi usiiii in a special message. In I SIO we had a pn hlie domain of l.o:,:,.!iM.L'SS acres. We have now 7:tl,:tf4.0M iUTcs. eoidilM d lal'Ki'ly lo the nionnlaln ranrren and Ihe arid and seini-a ril pla ins V ha v e. in addi tion, .ii;s. ::.".. U7r. skhh ol land in AlasKa. Tiie piJdic lands were, during the earl i est adminislral ions, t r . i f - I as a nitional asset tor the liquidation of the public debt and as a sinve of re ward for our soldiers and sailors Later on they were donited in lari.'' amounts in aid of the construction of v;iiiti roads and railway, in order lo open up regions in the West then iilniost inaccessible. All the principal land statutes wero enacted more than a nuarter of a century ajuo. The homestead ail. the preemption mult timber cutting act, the coal land ami the minititf acts were nmotitf these. The ra pid disposit ion of tin public lands under tho early statutefl, and the nx mettioda of diBtrlhuUon prevallinK, due. I think, to the belief that thene lands should rapidly pass into private ownership. ave rise to the impres sion that the public domain was le gitimate prev for the u user u pu h -us. and (hat it was not cont ra ry to ood morals to cireumvent the land laws. This prodigal nriuner of disposil ion resulted in the passim; of larue arean f valuable land and many iMtr SEMINOLE OFFICERS fl FOUND GUILTY Of Ciarlinton. President, and 1 Viniii'. Secretary, 'oiivi ted liv tfurv ASK FOR XFW TIM A L ' Cul.l'.M lil A. S f. .Ian 11 .John, Y ( ol I'lillKloll and .1. H4t.hu Youn:;. ( formerly jiresi.1. tit and s.-er-t;i r- r- Speetiely of the S lllill'de Set , 1 ;i I ies . company, tonight were loniul K'iili , ot breath of trust vvtili fr. ni'luleiit in- ; t tent, tie- fourth count in tin- indict- j In. lit aitaillsl them The other four1 .Hints -, . . . dismi-s. d A action f.r a lo -w Irial was m.t.ie i in ui.il iat V; alter the a ii io .11 iieein. n t of Hi. dul. .In-lie I'rincf a n io hi io e.l tli.it to- would li. ar a ru'uiio ii i s ..u lie- mo tion tomorrow morning In Hie tn..iii lime the d. feudality. ', 1 1 1 i u u !"i aic '..uie. w. re rem in.Te.1 to j.iil. Jiolri : eruice refusing to tontiiiiie their l.oii.Is. Al 11 o'clock totiiuht tin- jurors an tioiin. e.l that they ha.t arrived al i v.r.Iict. Th.- .lelenlanis w.re caliec ililo court anil the v.rdi.t was an in hi in -t tl The defendants receiv ei the verdi. I with prrfuct coinposiire. 'I'll. Vel.lnt carries rt plisoil S-lltelHi of i vv o lo ten v t-ars. Tlie s i . . -t i t i i t hark'.' on which c.ar lirm'toii and Younit were coin ictetl ii- : that th.y fraiidillentlv a ppropr ia tec from the St ininole s ctirits k eonipa- j nv funds amountimr to J'.'i.r.Jlti.T 7 The other counts in the indict nu n ( cliarR.-d I. reach of trusi with ruprr , to slot k of the Seminole Securities t uiiipaiiy. lalc-riy of stock and l.ir-oi-nc o!" money and eonspiracv. Attir iv. . tlivs of hartl loueht e Kal liattle (!:. ease was (tiv.-n to tin jcrv at ' t.'t lo- k this afternoon aft- , the atlorrievs for the defei.se had . uiiplele.l tln ir ciORirue argument and the jude had delivert-tl an .yhanst charge to the jury. Kiuht hours later the jury announced its find ing. Hoth Oarllntrton and Y.iiine are members of hiehly respected and prominent f.imilies of Tjuirt-ns ciiuii- ' ty, this state. national r siir cm into the hands ol persons who felt bttle or no responsi bility fr promoting the national wel fare through their development. The truth is that title io millions of acre- ol public lands was fraudulently ob tained, and thai Ihc rfht to recter i larie part of sihh lands fur the j'o'ernnient loni; since ceased b i'i .1 Hoii of statutes of limitation. Heal in Truism. There has developed iti recent years a deep concern in the pu blic mind respect Inw the preservation and prop' ir use of our natural resources, This bus been pa rt b u 1 a rly directed to;ird the conservation of the resonrees of the public domain. A vast amount 1 I diseuNj-ion has appeared in th public print in cejiera lied irm on thiH Sllbjeet, but there has been little practical siiKKest in. It has been easy to sa" t hat the na t ura 1 resou rci-s in find supply, in forests, in water pow -et and in other public utilities, must be wi veil from waMe, monopoly and other abuses, and the Mineral publi. .ire in accord with thin pro posit bui its they are with most truisms. Th problem, however, js how to wive and how lit utilize, bow tit conserve amt slill develop; for no sane person can contend that it Is for the common (.ouil that Nature's hlessinn are ont lor unborn I ions. Anions tin most noteworthy re forms in it ia t d by my disl i nu is lied predecessor were the vigorous prose eiitinti of land frauds and the brimc tnu to public attention of the neces sity for preserving the remaining: pnb la domain from further spoliation, for the maintenance and extension of cur forest resources and for the eti :'ctni'it of laws amending the obso lete statutes so as to retain tfoverti menta! control over th.it part of the public domain lit which tlvre are valuable deposits of conl. of oil, ;ind of phosphate, and. in addition there to, to preserve eontrol, under condi tions favorable to the publi', of the lands hJoiik the tnmrnH In which thr ialj of water enn ho made to Kdierate powrr to be transmitted In the form ei electricity many miles to tbe point of its use, known as "water power" !-iteS. The invent lt?a t hum into h da t ions of (he public land laws and the pros it ulion of land frauds hae been vig orously cont in ned u nib-r my a d in inis- 'Cnntlriiinl on pair four ) GRAFT OASES INDICTED FOR Seerelarv of Anieriean Sn H'ar Co. Inidud 'Mined in it Hatch ( 'OXSPI A( :V ( 'I I A U I FI M;V YORK, .f in 1 4 -One of tl: men "hioher iii" has at l.isl liee, n.inied .y i he fttleral u'laiid iurv ill v esl i-: II ;nu thesili;ar frauds. I'harl.: i;. lb ike. .stcretarv and treasurer o' ii... A ni-r i. a ii S.ic:ir Reiinine cum Ji.iuv, was indicted tod. iv oil chare.' .1 i'.!i-.iri.i I., id fraud and of ma I. mi: f i Ise en I I iep. Ilarrv Y Walker, assislant super 1 1 1 1 I ! I I IT of the WllliailiMlilll-e lint .. of I tie Aiio-ricai! conipcnv, was aU I lid ii led. I her will) ol hi I e III plo V -I tl mpunv against n limn indict- in.-nls h.-ve previously I..-.I1 loniul. In the new indietnienis Hi d c an.1 Walk.r ..re .u.iiscil with ;rleKt lii i i i ) 1 1 , tormer general Mliierin t . ritit ill ot Hi,. Willianisluii if relinerv James I' I a-tiilernuKcl. former cash ier; Jean M V'oelker and J.imes 1' ilalliK'ii. cli'ekerf. of makititf fils. .iiiries lee.irdinw lour careoes of srr ,ir at Ihe I usloms house. The tlefend anis are lurtlier accused of havil.u iofiHiiretl with i liv -r Spitz'T. and tl-i roar cti.-ckeiH recently sentenced to I :!.i. k well's Island, to defetitl the nm crntnetit !' th1- iinderw "iehint o; niKfir. Winn the indictment w:c; handed up in the I'nited States Cir t ml court l.efore .lildt-e Ilull'll, Sp"c i il I'tosecntor l-'elix l-'ra nk f urter slat t-d th.i: Oie iK.--ii.inie of bench war rants f-e not necessary as all the de ft ndants eoeptin( Stcretarv Helkf and W.-lk-r v .-re at present under hail oil similar charges " is ex peeled that lleikt- and Waiktr wi: surrender thenvw lv i s to ihe court to morrow fatu.i-v ivn niri). RAI.KKIH. X -. Jan. . i'ranl. Phillips an employe in the plaid mills at Iturltneton. while Irvine to adjii a In -It at the mills, had his rieht arm torn off just I low the elbow anil badly injured in the ship He is not expo ted to live. DOVEaOF peace has found place After Livfy Squabble of a and Lo WASHINOTOK. Jan. Dove of I'cnco Snieceetletl I 4. -The In k t t I i 1 1 e- reastiliably mwri the ncrcli today on the lieltl t eupie-a by the WarrillK 1'c piililicnn fattlon or the house, sftcf that mm h-ourlt lilrii had been re peatedly frltfliteOed away from the scene by the cli&iinr of the cunteinl in purtfrlptutta.) YVhoii Iteprenciita -live Hayes of cillfornla, the iiietlla ior for the insurgents, returned to lie house after culRiift Hmiij I'resiilcni Tuft, the news cieuliiited rupidly lliul n truce had been iirninxed and a more or less permanent pntiCe 111 the reiub llcan ranit FJW vixtul to lie. ... an nounced. This was t onsidered when rt statement Issued conllrini'il from the white house and .-mother fioni Hep- resell la live lvw::ht. 111,. le HI til ica tl " hip. iiiinoum in;.: the detulls of the ailllistile. Tile pence pl'i III II III ia men t o proved pijinal ui e. hovvcMi, for lit p. resentalive Hav.s, hetween numerous conic fences wild assticiati s, announc ed that no nun . mi nt hail been h-hi li ed anil that tie matter would ko over until loinorrov. Limited Triii-e. At this jinn i ut- Ho- Insurgents K.'ltheretl in Ho- room of Hcpn seiila- REWARO OF SUII GOES Found Siring of Pearl Worth :;il.(HM and Ue Innied TIh iii In Owner m:w vmtK Isman. who I I ' liv Isman. ti late operator .. i-l riillatlclpl.i. the I : . i 1 1 ! . - -1 cuv vt-fiierd.iv worth S'to.iinn las: I'ridav ha. stored to her There vv.ih i. '. as Ii rv ha . p . She w as t ll- VI up tlie pearls lew. ml offer. , I not as happy .. possession of -lor afraid. So alarmed. L'.ioil fortune t I., kept a si- i lio.J4 not klloW llletl the malt- 'hey would n.-. The sjirl K.r per w ish eh. she bad such l.i- ma tl e a bu nl ;:s h'-r fortune I.IK enollUli I" "I'm Kolni: I er," she Siiid mad'- Tin- fit poor, lives on S It, maintain hi by her work. . Ian 14 Mis Irene cl Uctobet- divorced well known rial ei. : .1 I he:,t-i, n maliae. r ' .ml .Sew York. v-. - a n w iiin i n in Hi '! In- net k lace of pearl". she lost ill tlie l I e. I I lit-en 1 . ui ml a m I i - lo- ot her Woma II V. h i l olll tlo- m.i ine . a ose i ': I lit' e , 1 vv llo p . k cl i .1 ,.l.li in. .1 the J mil ..r t h. m She w a - Mrs Nman. f-ir lie m in h innn- v in ol'- . I. ed. is sin- at her 1 l her idenl il v is I . ' M rs I sm.i n In i mi ; I l Tiff. i n '. 'h. vv ho ha ri i . promised the mi ! i r tell anyone . a yood reason for ud if it were k now ii i sum her life wo.il.i ti to her, a nd us la i :- , is It would not tiro . . around. - think of mv no. lb 'I'h.-n the promise was I is in her teens, vi e . . ontl avenue, and Ico i self anil her mottoa WASHINOTOX. Jan. 14 Forerost: North Carolina: Pair Paturilsy, cold er In east portion: Hnnday air; irnid erate to brisk northweat winds. ! Tearing Off A Barnacle. TO ALIGHT IN REPUBLICAN CAMP Week Both Factions in Con ve Each Other Just as Much All is Lovely Now. live (iardtier of .MassachuN.-tts Isstteil lUiother Btntiinelit sayliiK that nil "iinilcrHtiiniliiiK hud been reached." The Miiteineiit which was Kiven out by Representative Hayes follows: "It Is true that mi iindi-istundliiK has been reached that we shall ul lt lid the caucus about to bo held for Ihc choice of (lie republican mem bers of the InvestlKntlntf committee. The ipn-Hlion of fiiiui'e ciinfetvnces, however, in one on which there him been no tturei-ment. In fuel, I hud no authority from my (isstK-lntPB to tmter Into that question. Of courw, thki Mrcttient in im -way affurtf UM issue as to the pm-sent system of control of the house of re pre sculif ttv cs." .Mr. Hayes was nsketl If Ihe wortl "we" used in his slatt-ini'iit meant all the iUHlll'Kcllts VI the house. Ill' replied (hat It did anil that all of the i iisii rc-iils concurred in the stnte- I'lellt. DciutN rats' Altlliidr. The flemocrals of the house an nounced today that llu-y would hold a caucus Saturday nlKhl to luiiiie the iiilnoilty members -of the committee to iinestluate the MitllinKf r-l'liic hot affair The democrats insist upon ISfliO II "FI FUN" E E Is Tired of IJein Aroused at All J lours by Alarms in the House i II K'AUi i, Jan. M A $4,0011 tour iii c.ir vviili alarm altachnieutn uud a t ra.e for fcoiur; to tilt s are said to 1., principally responsible for tlie suit lot n parate maintenance tiled liy Mrs II .tvey I. Coodall UKalllHt her hlis l. .ml Comlall is one id the orlKinaf fifteen 1 He l-'alis. all ol Ka llizal Ion of Wealthy i liu .1 u o: i n s who tiavn a pent hunt for i.illovv i ii j.; th,- i l.i nu of the tin- bell. Mis iloodall ch irip-s that hi r hus-l.-illil has tlttt-d lip i let tlie connect ions with tloir home so that when an ilallll soiimls lo- may know of the 1.1. -. and Hi. it he thinks more of his h-ildty than In- tints of .ajin: atti-n-j I. on to p.-i lioodall is vice presitletit o! live pi:iili!-hiiic and news aicencies. ' I am liietl tif liHioi; moused front my ileep at all hours of the nli?hl,'' said Mrs Cooilall today. "Mr. Hood .11 ban a IiIk lire K'inK In our htiinc that n -lords all lires In I'hicnno sc. -ms io think ii his duty to attend .HI the lir.a and as soon us the khhh s .ii mis In. dashes downstairs and is oil in his bin t"iirlni( tar to the scene . . i the coriilaKratlon. ' He .. latins thu neighborhood bv lootitie the hlK callmpo horn on his Pi it him- I have lost hours of sleep tiitoueii Mr. (iooilaU's f:ul and am t,i,-il i,r il lie Is away from home lens al a linn- atl-ndlnK Pres." ihitu: IMMINKXT. WASHINGTON, Jan. 1 4 I'r'-para i, oris I n a li.iiile betwei-n the .M.idriz ..lees and the l-:.slraila army ill the v 1 1 1 1 1 1 1 '.' ol A.oyapa. hetween Itania and l..ikt- Nil ar.iKiia. wen- announced t. ill- state department today In a dispaitli from 'onsul ulivareg at Manasua. Tin? consul reported It wan believed in Managua that Kstra i!a's jjrmy was advanelnic on Acoyapa v-hich Is defentled by Madriz's forces Matlriz eslerday hurried more troops and artillery to the inland town to strengthen his linea. gress Lay Aside Hatchet as Ever. their right to nam the minority members of the roniitilllix-, anil if I Hie imijorlty dechnen lo allow It, there is u prospect of it tleitKicratlc repuljlciin.nMtirifcnt alllnncn upon Hie (ntesllon. The ItiHiirifcrits say tht'y are contendliiK nieryly for a fair coiiimltten ii nd enri-i nut who ttro ltd meinlMin. rresldcnt's Stiiieiueiit, The fiillowlnu Htiitement ' given out 'iy I'resldellt T4't: "I has iMten uitritHi Imtwet'tt th regular republican unil tlw ao-ralUit Inaurttenta ricpBnnt(l by Mr; Dwlnht Mm-th5 ham! ati(t"Mr.' HyliB on th othir. after conference with tha president, that n caueua should be heltl to pass upon the question of the committee In the Interior department Investlxatlon with thu assurance that Ihc liisiirgents, if they come Into th caucus, should he trratnd fairly, and that, a committee of acknowledged Impartiality would be appointed, A further uKreenient was f oresliadnwetl that thu caucuses should he held front time to time to which all elected Ol republicans should be Invited to lake up the" various measures rccominciiil- ' - -- -- -- - - -ii- -, - -i-,--i-ni-,iiiiii-ii-iirn.n.ri.nJi.il 1 ('ouMiiiinl on imee four.) POET WATSON GOES HOME BITTER IN HIS HEART Found America Inhospitable to Muse That Oould Write Attack on Wonutn NKW YORK, Jan. 14 Wllllom Watson, poet, sailed for homo yeatfr tlay on Ihe Adriatic with Ilia wlf to lace the iniislc that he struck lip on his own lyre when he wrots "The Woman With th Herpent'a Tongue. " Tbe poet, protected by a sfpuid of literary police, headed by Robert K Kly. or No. 2.1 West Korty-fourth street. tlntlKed the reporters, whose "ciilaintain e he hat) been anxious to mako when ho arrived here. The most thai could be not out of llim vesti rdav was " I ndeed ','" and "My word'" anil "Yon Kenllemen did well," iitteretl with bitter sarcasm. With Mr Kly were Joseph Olldcr. ttlltor of Putnam's MiiKtizlne, atitl William I!, l-'eaklns Mrs. Wilson, v ho carried a small Irish fki, was talkative, and her husband apparently wished to be likewise, hut Kly and the others, by much skipping about, kept his mouth padlocked. "Not a word," wax Kly's command when Watson opened his rnouth to re ply to the lirst fiiestton. The poet's jaws closed with a ana p. Kly wpubl not even b-t Watson say whether lie would return to the r tilted Htates. chief Kly, of the protection atpiaft. said he would stand by as long aa the leporters stood hy, even If they went all the way to KtiKland. lie didn't et ashore with the other members o' the s. inad until the last bell had rurn ami the poet anil his laughing wlf had hidden themselves below. "Since ll(l Mr. Watson haa been perfectly sane," said Kly afterward. "In fact. 'The .Woman With the Her pent's Tongue' Is an excellent proof of his sanity. Warm American friends feel that the greatest living English poet arid bis wife have been treated since they came t" America. In a man ner which should cause every self respecting rltlien to feel a deep sense of shame." Mr. Kly added that Watsdn'a frlenda here hoped they aaid goodby "with at least some abatement of a Lbltt-rnei of anul which no worda can adequately rharacterlxn and which ifaa dpo to art experlenca ol unpnr dieted palnfulneaa." ,, .: PRICES GRUMBLE El Norihern Bears Apparently Out to Break Southern Bulls In Cotton LOSS IN ONt DAY NEARLY SIX DOLLARS PER BALE Whole Movement Speculative and no Substantial Reason Can be Assigned NKW Yi IKK, Jan. U.-rhe bltf bull campaign In cotton di'tlttltely cullup ned today with the moat apwiaculur perpendicular decline ever avert In w wk of errhtlp it-cieslona. Report had It that tha position of the. lauding Southern bulla haa been completely undermined by the continued Ihiulda. lion which haa boon In progreaa aim.' early in the year. At the low point today New York contracts allowed a ilia line from IS. iO to IS.0 a hula Horn the closing pilcsa ot the nlht previous, which waa a brak of fruni l.lv to 1(1, SO a bale from thu hluh ngiirea of tha ituy, and of 13.!5 to H ill a bale from tha high point nf tha aeaaon. Had Corttrred Mjr. - May contract! touohed IS.lt lata In thu ufternoon. At tha height of thu hull canipalgn It wua Mllmatcd that K, O. Hcalee, of Texiia, the leader, had accumulated paper proflta ot Uo. ooo.iHio for tha aeaaon. Ilia heav bat holdlnga wero In May oottoit and bu and hla ; frlrnda war generally believed Kt on time to control con tracts catling for tha delivery Of fully one million bait during that month. The situation had davlopad kefor tha beginning of tha decllna Into a threat ot i tie grcateat aqunia of anuria re corded In tha hlatory of tha trade but other bulla who bad .followed Mr. ficalea' lend without: enliating In hla party dectdtid tha time wna rlpa for a bear raid. Una ftftor another th big iiecounta began to come Into tha mar ket, ' ' ( Tha Hcalea party waa auld to hfive? tla cotton tnorgtned down to ten cent pound and It wua cuufldcnlly "u erted that lt mamberi would never abandon thair position. The facta have proved, however, that tha cn tinued preamire waa too heavy. Toduy It waa announced that Mr. Rcalea had transferred hla holdlnga to tha land Ing bear Interest. Hmulltr operutora wero hard nipped but It la believed tha larger bulla lliittlriated abova their tivnragu buying prlra for tha tea son. As aoon na tha newa apretul that an agreement had been reached be tween the conflicting Intereata itha market received uggreaslva aupport, closing at from 20 to to polnta frbm the low murks today. A much batter feeling prevolla In the trade tonight and It la thought a quieter market nuf ba expected lor the coming we, f 1- .. MKMI1IIH NOT Hl.lA.lS(l, MEMPHIS, Tenn., Jan. H. for the first time In tha. hlatory of tha Memphis cotton exchange alt quota tiona were wiped off tha board today, the entire apot cotton market being normal. Tha Block of cotton IB, Mem phis la, In round flgurca, two hun dred thousand bale hut so confident uro thoaa who own It that hlghe viilm a will prevail, that they hava d cllned to sell. STOCKS FOLLOW COTIOli SjK'pulntivo Operations Find High SonringH Tk Dang erous TIhw Davs NKW YoltK. Jan. 14. The down ward movement of the stock market which had Ita Inception List week nmt baa proceeded with more or leaa reg ularity since that time, aaaumed larg er proportions lodffy, when on heavy liquidations, prleea crumbled through out the liat. Thertt waa demortlbsa tion in Ihu tlnal hour and the closing left a majority of the actlva laauos at the loweat level aenn In many weeka. Bo many conflicting condi tions enter Into the market situation at this time that ii would aeem Idle to attribute tha steady lowering of prices to any apeclflc question, The recent lUtk Island episode un doubtedly gave rlae to misgivings and the present statue of the American Tobacco a.nrt Standard Oil caaea at Washington are not reassuring to Ihe conservative element. Trading today reached tha larga total of 1,25,000 aharea. Of thla amount over twenty-flvo per cent waa contributed by United Statea Stee! which touched tha loweat level S 3-4 attained ainca laat October other atocka that helped awell tho day'a bualneaa were Heading In which over 20.00 aharea changed - hands -and Union and (Southern Pacific. Tha largest net loaa waa In Coneolltlated Gaa, which declined almost lx points, while other declines, ram;lng from to 1 polnta were general. . Tho bond market wna affix t'-1 to an unusual degree, nil the better I n. mil iMuea ahowlng evcre d s v AWAYUNDERNASTY BEAR ONSLAUGHT
Asheville Citizen (Asheville, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 15, 1910, edition 1
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