Newspapers / Fayetteville Observer [Weekly, 1880-1919] … / Jan. 11, 1906, edition 1 / Page 2
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Tir T..1. 3 refe vidi ay emij C01 - nt . , 'cur gv -the ,paj arj 8b ' thj : or de M ' i n i! H P . i : I t i.. 1 . i 1 : THE OJJSEUVER FayllvUl, N. C. THURSDAY, JANUARY h, 1906, C. J. HALE, Editor and Proprietor. E.J. HALE, Jr., Business Manager, . "CURRENCY REVISIONS We had occasion, the other day, to . refer to the phenomenal progress of thin country before the war, when po litical, commercial and banking free dom not only released but stimulated to the highest degree the energies of , all. the people. Under that benigi condition, "prosperity" increased at a greater rate than under the restric tions which the result of the war has since imposed: upon political freedom ' as in the curtailment of State rights . or home rule; upon commercial free' dom as in the lavontism ol a pro tective tariff, which, among other things, has swept our merchant mar ine from the seas; and. upon banking freedom, which, in the former period by means of the elastic currency sup plied by State banks, subdued the wilderness and planted it with a rapid civilization which astonished the world. How different the present, when unprecedented fortunes in the hands . of a few and the repression of individ ual endeavor on the part of the many have become the prevalent feature of our life. Were it not for the recent inflation of gold values caused by new discoveries both of gold mines them selves and of the nietuods of working them, wc should now be witnessing prosperity only among the lew. Under tb,e blight of the triumph of thf reactionaries in 1893, the people ha veal most forgotten their former ag it.it ion for a restoration, suited to mod em conditions, of the banking system which produced such beneficent won ders before home rule in banking was replaced by the present rigid and cen tralized system. While gold inflation has brought about prosperous agricultare and its dependent industries, natural laws have awakened to a sense of the clum siness of our post-bellum system those communities which at first were the beneficiaries of it. Thus we find a cry for a re-assertion of political freedom as in the recovery of State rights, coming from New England; a cry for commercial freedom, as in the restora tion of the conditions precedent to a merchant marine, coming from the very marts of commerce which had lent their powerful aid, in the sixties and later, to laws that have led to its extinction ; and a cry for greater bank ing freedom from Wall Street itself. The New York Commercial may be said in a certain sense to represent Wall Street, and the cry for an elastic ..currency, which is the most important feature of the current news, is well treated of by it in the following edito rial : The utterance of Jacob H. SchifT be fore the Chamber of Commerce in favor of a currency better adapted to business conditions serves to call attention in a sti iking manner to evils in our mone tary system that experts have long recognized. The trouble is not so much that our currency has not been increas ed in volume, but that it is a rigid mass incapable ol responding by expansion and contraction to the needs of the mo ment. Within the past year the total circulation ol national bank notes a lone has risen by $76,120,191, and stood on Dec. 31 at $540,914,347. The amount at the close of 1004 wasli;7. ..?K 1,500 and at the close of 1903 only $425,163,018. It cannot be claimed, therefore, that bank-note circulation is not increasing. The increase.however, is -;ientially rigid in character. This yat mass" of new currency would weigh upon the monetary situation in case of financial depression and de cline in volume of business, like ball of raw dough upon an overloaded - stomach. What is needed is not so . much a steady increase of currency as power to increase or contract as occa- sion demands. in wnatever way snch a capacitv for adjustment may be secured, the new currency shuuld be such as would be available in times of pressure and would be retired under some auto matic rule in times of redundancy. . Our neighbor, the Evening Post in its money artrJe of a day or two aeo. . intimated that it is impossible to dis cover how an issue of bank notes would have strengthened the bank po sition because "the new notes could - not have been used as lawful reserves for national banks." Such a state- i. went indicates how cotncletelv. nn der our complicated and clumsy sys tem, the mode of operation of a : .true banking currency has been for gotten. It is tie husbanding of bank reserves that is one of the essential objects of flexible currency. The . demand that comes to a bank for cur . rency may, under such a system, be met by the- payment of its notes. Every dollar thus paid in notes leaves intact in reserves a dollar in gold or leal-tender, which would otherwise - have to be- paid out to meet the de mand for currency. Thus the strain upon reserves is diminished and the power increased to loan against the reserves left in hand. It is true that the demand for currency does not . come from brokers and others seek , ing large credits. It comes from the ; enlarged volume of retail transac , tions; but if this demand can be met by bank notes, then - legal tender , money remains in the vaults to sup ' port the enlargement of credits. . Whether tbe amount of notes out- standing shall lie large or small de . pends, under a flexible system, upon monetary conditions. A bank that has a surplus of legal-tender money will not keep its notes in circulation under a high tax. As soon as its n serves are threatened, however, it will begin paying its notes 'over its counter to meet demands for currency .1, from the currency received for i posit and in payment of matured loans, it will sort out all the legal, t aider money that can be covered! into its reserves. lbus reserves might increase while circulation was expanding. When the necessity for emergency issues bad ceased, as indi cated by increased reserves, the bank would contract circulation by deposit ing legal-tender money with the re demption agents in Washington or New York . to cover its outstanding notes.- It would at the, same time sort out for redemption the notes of other banks coming into its hands, because it could exchange them for lawful money 'at the redemption agency. Thus, the moment that money became redundant, there would be a steady inflow of notes to the treasury for cancellation, and the volume of circulation would adjust itself to tbe new conditions! The time is at hand when the Pres ident and Congress should seriously take up the question of adapting our currency to modern needs. Every other civilized country except Eng land has a currency better adapted to changing conditions than our own. It is not desirable or possible at the present time to abolish our bond-se cured bank notes, but a means might be- ariord.-d lor securing a flexible supply of currency on the margin be tween scarcity and excess. . Such a measure was proposed by Representa tive layering of Massachusetts sev eral years ago. Under his bill a na tional bank could issue at first not more than 10 per cent of its paid-up capital in flexible currency, and could issue it only with the approval of the comptroller of the currency and the secretin- of the treasury. The notes were to be secured by a guaranty fund of 5 per cent, which was to be main tained and increased by the payment of a tax at the rate of one-half of 1 per cent per annum on notes actually in circulation. The bill . provided that at the end of three years the propor tion of flexible currency might be in creased and at the end of another six years further increased, provided the treasury" officials were satisfied with the working of the system in the meantime. It was a measure of ex treme conservatism. Its passage need not have sent a tremor of terror through those timid souls who look upon all forms of notes not secured by bonds as "wildcat banking" for getful of the fact that the great mass of credits issued in the form of deposit obligations by the banks is issued without regulation of law, except the requirements of coin reserves, and is in every essential respect except its printed form obligations of the same character as the obligation to pay notes 011 demand. RAILWAY RATE LEGISLATION. The Washington correspondent of the Richmond vTimes-Dispatch sends that paper a letter in which Congress man Lamb of Virginia, discussing railway r. gulation, is thus quoted : There may be some disadvantages connected with a law regulating rail way charges, but these, in my opin ion, are far outweighed by the advan tages which will accrue to the shipper. He ought to have a show, and I am going to vote to give him one." The other nine members of the Virginia delegation, continues the correspondent, and the two Senators will do likewise. "All of them prob ably realize that rate legislation will not prove an unmixed blessing. Bnt the volume of complaints from ship pers all over the State is so great that it cannot be resisted. The same is true generally regarding all the States, and the representation in the two houses of Congress." All platform Democrats, of coarse, believe in the government regulation of railways and their rates. But that does'not necessarily carry with it an; approval of any particular bill for carrying that principle into execn tion. The President deserves the com mendation of every platform Democrat for advocating the principle which the Democratic platforms were first to proclaim, but the particular meas ure which he is said to favor name ly, to entrust the whole business to a commission, for example, the Inter- State- Commerce Commission, ap pointed by the executive does not rike us as being so free from the un-democratic principle of centrali zation as if the commission, or other federal ' agent " employed, should be named bv and held accountable to the law-making department of the gov ernment This view appears to us to be of very great consequence, and we con fess to 'some surprise that we have not seen it embodied in any of the measures proposed. Is it possible that the predominance of tbe execu tive over the legislative branch has become so great that Congress has yielded to the inevitable and abdicated its powers under the Constitution ? The following passage in the letter of the same correspondent whom we have quoted above, would suggest some, such conclusion : OSE BY OWE THEY GO ! Slowly , but surely, what have in the past been the prerogatives of a Sena tor or Representative are beinz taken away from them until it is becoming a common remark that they have bat little left along that line. A few davs ago an order was issued giving the members of the press the exclusive use of the lobby east of the east en trance to the House of Representa tives, arid cutting Congress members oat of the privilege of taking the pub lic in there to loaf around. This brought forth the remark from a mem ber of the House that the rood old days rc about past, the halcyon days wnen members could get nositiona and a thousand and one other favors for their constituents. ' But now thev have only public documents, -seeds and an occasional' rural route to dis pense, and a card to the visitors' gal lery for their constituents who come tO tOWn. i ........i.-i-''.- -. To-day I was in the office of a prom inent Senator when a young man came in. He had a letter of intro duction from the staunchest neraonal and political friends the Senator has. The young man wanted a letter to the public printer. He had stood the civil service examination and had gotten nearly a top-ratine. He want ed to be a skilled laborer at the print ing omce, ana wanted the Senator to aid him. "I would take the greatest pleasure in aiding you," said the Senator, "and will, in any legitimate way you can suggest' But a law has been en acted forbidding a Senator to use his political influence at the departments, and forbidding department officials yielding to that influence, so you see anything I might try to do would really hinder, instead of help your cause. But I'll give you a letter any way, vouching for your personal fit ness for the place,." V He did so, and after the young man was gone, observed to me that news paper men would save Senators and others a great deal ot 001 ry if they Would let it be known that there is now a law on the statute books for bidding the use of political influ ence in securing appointments under the civil service. FRANCE AND GERMANY. In discussing the French scare over the prospect of war with Germany over the Moroccan question, ce'ruin unnamed French officials have confi ded to an American correspondent their views pro and con. "The Germans," said the French pessimist, "have within a radius 6f 30 miles from Nancy enough men permanently stationed to hurl on us- without declaration of war, withoutf apparent preparation, without prelim inary mobilization: . , ' "'165 battalions, or 1 10,000 rifles; "72 squadrons, or 10,000 sabers; "148 batteries, or 888 pieces. "To this irruption France would be able to oppose : "104 battalions, or 92,000 rifles; "68 squadrons, 8,000 sabers; "89 batteries, or 356 pieces of artil lery." "The French," continued the pessi mist, ."will be beaten for three reasons the state of our frontier fortresses, the heavy field, artillery of the Ger mans and the fact that France is a re public. The Germans have a complete sys tem of railways directed towards the hurling of a vast army at once on the line of fortresses which France has e- rected along the German frontier. These are phenomenally strong in themselves, but "one German railway train could carry enough explosives to hurl 215 tons of bursting, smash ing metal" on one of them in an hour and a half. "The devilish hail of metal would completely paralyze the inmates of the fort until the German infantry could come up and pick them off one by one as they emerged from the ruins," said the pessimist The superiority of the German field artillery indicated above, answers for the pessimist's postulate No. 2; and the fact that the German monarchy can order mobilization of its troops without consulting any one, answers for the pessimist's postulate No. 3 Against all this the French optimist points to his automobiles and air ships. How many thousand power ful high-class automobiles, with their expert owner chauffers, have their places all marked out in the French war office, in case of mobilization, only the French etat-major knows, and "the iftie armored automobiles now built and bnilding for the army with a night-and-day rush would make another story could the facts be known. They are completely aimored. Neither conductor nor mechanician are visible from the outside, and the serv ers of the rapid-firing piece are be hind in a little tower that gives no in dication pf the firing direction." "I have more confidence in the air ships," said anothef official. "I saw the Lebaudy trials. The 'machine navigated all right against strong winds. They may b able to defeat a movement of the enemy by their in comparable scouting. Rifle bullets have practically no effect on them, and even at the present day artillery cannot be pointed vertically. ' TBE AMERICAN -SOVEREKN." The extraordinary circumstances attending the recent ejectment from the White House of Mrs. Morris, a ri fined, sane and harmless lady, have drawn attention to the atmosphere of the exclusiveness of courts which surrounds the residence of our Repub lican (so-called) President The fol lowing article in the current issue of Collier's pictures this phase of"dur strenuous President's character: The President is consistent in va rious ways, thafbffer a background to the ways in which he is inconsist- i-ent. He was consistent with himself. for example, when, in his message, he spoke of the government or theexe utive, or himself, as "the sovereign." a phrase which in this country hai usually been restncteOsto three-quar ters of. the States, which alone have been supposed to possess powers equal to those of absolute monarchs. Tbe President is consistent again, we think, in writing an acquittal of Mr. Morion, ne will go to his grave without a suspicion that he has shown in that case anything but the very noonday sun of wisdom. In his first Morton proclamation Mr. Roosevelt told what a success Mr. Morton would make of the Equitable. In his second he sounds like the United States Su preme Court in a case of peculiar cer tainty. It must be rather pleasant on the whole, to be sure of anything. une 01 me special counsel, however, whom the President turned down af ter he had appointed them, because their decision was not according to the Sovereign's desire, rises to make some comments on the spectacle of me r resident and the Attorney-General congratulating each other, be cause the Government lost its case against the Santa Fe. "If," be ar gues, "they were always so certain there was nothing" m the case I do not understand why thev turned it over to Mr. Judsou and myself." The ar gument sounds flawless, bnt Derhaos I the President can explain why it is not. 1 ne interstate Commerce Com mission reported that the 'railway company had for years flagrantly broken the law against rebates. "We," says Mr. Harmon, "refused to believe that the corporation had aliened But of nights and handed over the rebates while the officers in charge of lu trafc fic were abed," The 1'ff.sitlent th proceeded to hold a "trial by letter, in which he rendered "a cross between a judgment of not guilty and a par don, " and later developments have not unnaturally followed the lines on which the President indicated they should proceed. fllr. Harmon s com ment on the imperial ukase will strike Mr. Roosevelt as impiously nnd noto- .j -"j-. A GUMPSE OF MB. BRYAN ABROAD. At the dinner given to Mr. Brvan at Tokyo by our Minister to Japan Mr. G.riscom, this stalwart' Republi can said these pleasant things of hi distinguished guest, no longer held to be "anarchist'' and "repudiator' I need not tell you of what Mr, tsrytn is in America. His position is too-well known. He is a man who appears to be ready to raise his ideals as high as the human mind is capable ot conceiving ideals, and as a conse quence he has a hold on the great American people which in many re spects is unique. He is a . man many capacities, and now I am going to propose his health, and you are at liberty to drink to him in any quality which- you may select You may drink to him as a statesman: you may drink to him as the leader of a great to him as a good democrat; but formy part 1 cmnic to Bryan the man; I drink to- Bryan the scholar: and I drink to Bryan the earnest friend of the American people. KALEIGB LETTER. Raleigh, N. C January 8, 1006. There has been a good de-U of unfa vorable comment and criticism in jdulged in within the last few days concerning tbe alleged "social equal ity between the races practiced at the convict camps in some of the coun ties of this State, as indicated in the report of the State Board of Charities made public the latter part of last week. But inquiry seems to develop the probability that rumor has exag gerated the actual facts. " So far it' does not appear to have been estab lished that white and black convicts at work on the roads have been "chained together," either day night, in any county, but it seems that in several counties the two races have been made to occupy the same bnilding, with one room - as sleeping quarters the negroes sleeping on one side ol the room and the whites on the other. There appears to ha ve been some other circumstances which are objectionable and which call for cor rection. Governor Glenn is institut ing a thorough investigation into the conditions, and will see that a remedy is applied wherever needed. The State meetine of the North Car olina Division of the Southern Cotton Association, held here a few days ago, was a very successful one. Chas. Moore was elected president for the ensuing year, and T. B. Parker was re-elected seretary and treasurer. The most important work accomplished was the creation of a directorate com posed of five members, who are to col lect revenue, nx salaries and manage the affairs of the Assoaiation.- This board is composed of Col. H. C. Dock ery, chairman, Ashley Horne, H. B, Speight, S. B. Alexander and A. C Green, each one of whom is to receivej). an annual salary of $100. They, held a meeting the day following the con vention, and fixed the tax on each bale grown by members of the Asso- ciatk a as follows : One cent for the support of the National Association two cents for the State Association and left the amount to be taxed for the support of the County Associa tions to the county organizations with the proviso that the tax shall not exceed ten cents per bale. The Association will devote its best ener gies to keeping tbe cotton acreage in North Carolina in 1906 down to the minimum of the last crop. This is the only way to maintain the present price, or to guarantee a better one for the cotton soon to be planted; and' it is nopea mat every planter in the State will bear the fact in mind, and diversity nis crop this year more largely than ever. The North Carolina Grand Lodge of Aiasons will meet in annual commu mention here to-morrow night, and will be m session till Friday of this wees, orand becretary John C. Drew- iy icpons mat mere are now over 16,000 Masons in this State. 1.200 having been added during the past year, and that 15 new lodges were es tablished during iqo?. The Grand Lodge receipts now amount to more than $12,000 annually. Ten years ago, wuen Mr. urewry was hrst elect ed Grand Secretary, they amounted to $4,000. Of course Mr. Drewry will again be elected, for he is without op position, and is very earnestly en gaged in helping in the work of build ing the handsome Masonic temple wnicn is atxmt to be completed in this city. As Grand Master Liddell has served two terms, he will, in the reg ular order of succession, be succeeded by Deputy Grand Master F. D. Win Ston, the present Lieutenant-Governor of the State. The railroads are giving reduced rates, and homes while Paints (Tinted Clow) , ' That accounts for their unusual bright ness and - rich gloss; makes them go farther, hold their color better and last longer. Ask your dealer. ' John Lucas & Co Philadelphia ' Sold by B. E. Sedberry's Son, ', Fayetteville, N, a . Pure fy f materials : ( only are y S A used in Lucas 2) in Raleigh have been provided for all Masons, about 400 of whom arc e pected to attend the meeting of the Grand Lodge this week. The giowth or Masonry 111 fsortu Carolina with the past few years has been remarka ble 11 nd unprecedented, nnd no one the State is as much responsible for it as the able, efficient and active Grand Secretary. " When Trinity College and Trinity Park High fecbool resumed exercises after the holidays the Bivins dormito ry was opened to students. It is model of convenience, as well as being attractive in appearance, and. will en able the High School to accommodate many additional students who had al ready applied for admission. Engin eer Smallhoff has completed the sur vey of the college campus, and the plans for beautifying the park will be completed by him in New York. Pres ident Kilgo has had as his guest dur ing tbe past week Key. J. C. Wooten a Notth Carolinian, who returns to the work in North Carolina, after hav ing spVnt six years in California Midyear examinations at the College will begin Jan. 19 and will extend to FeftTT, when the Spring term begins, "" The two weeks' term ot Wake coun ty criminal court which began here to-dijy will dispose of several import ant and sensational cases1Amone the-cases set fbTTriaTat this term are those against the three attendants at the Central Hospital for the Insane located at Raleigh who are charged with the killing, through alleged cruelty, -of the patient- Nail,, from Chatham .county, whose death last summer a few hours after his attempt 'to escape created such a sensation all over the State. Policeman Isaac W, Rogers, who shot and came so near killing Deputy United States Mar shal John Dockery, a popular young man and sott of Marshal Henry C, Dockery, and whose assault was the result of the discovery of intimacy be tween young Dockerv and a daughter 01 Air. Rogers at a disreputable as signation house here, will also be tried, the charges being- secret assault. rrank Moore, a young white man of this city, and a negro will be tried on the charge of having set hre to the plant of the Standard Oil Com pany in this city last May on which occasion the meht watchman was killed and the money drawer robbed the building and thousands of gallons of oil having been consumed in the fire which followed. A-larce number of gambling cases are also set for trial. Judcre Ward is the Dtesidine judge. Internal Revenue Collector Harkins of the Western North Carolina Dis tnct sent in his resignation last Sat urday to the authorities at Washing ton, to take effect next June. It has been known for some time that Mr. Harkins would not be reaDDointed for another term, although -his- second-, term was extended for jOne year six months ago as a sort of Solace to his wounded feelings. It is not yet defi tytely ddenuined Who will succeed him, but it 19 stated that Charles A Reynolds, of Winston, former lieuten ant-governor and now postmaster at Winston, is likely to receive the ap pointment. It is reported here that several other, prominent holders of 1-ederal omces who have served two terms will be succeeded bv new men The Raleigh liquor dispensary com missioners report that the total net prohts ol that irreat moral institution after all expenses have been deducted for the year just closed amounted to sixiy-mree thousand and five hun dred dollars. This means that about two hundred thousand dollars were spent in this one establishment dur ing- one vear for intoxicating lin or four thousand dollars a week, more man rive hundred dollars a dav. In addition large quantities of Honors arc recti vea nere oy consumers from liquor houses elsewhere. . , LLBWXAM. "THE ISLAND OF TBE BLESSED," Corrwpondence of the Obterrer. No doubt the public at lartre will be stricken with great surprise and astonishment to learn of a little island in the good old county of Cumberland so sacred in the estimation of the peo ple as to be mentioned with no little degree of seriousness as "The Island of the Blessed." Bnt it is a fact be yond a shadow of doubt that such little isle does exist. This little isle is situate in the extreme eastern part 01 vumoeriana county and is bounded as louows, viz: East bv South Rivor west by an extensive marsh vconnrrv inu norm ana south bv nnmpmm j .l , ... j ' branches, which are the tributaries of bouth Kiver. This little island con tains twenty acres more or less. It is so difficult to get in and out that few people ever visit it. We don't know just at this writing whether there is any one liymg on this island at present or not, but there used to lve there an old Confederate nension. er by the tiame of John Samson Page, ui wuoru h is saia: -ne has made more shingles by the drawing knife piocess man any other dead or livinir .uau ill luc IclUU UI U1XIC 1 j r t . . i cuius t win inve vou a more I..1 T 1,1 complete history of this little island later. Piivch Jan. 8, 1906. CARTHAGE DOTS. Carthage, Jan. 10, 1006. Col. A. H. McNeill is not so well at present. Mai. W. C. Petty died at his horn in Carthage Friday at the age of 58 years. His remains were interred in the cartbage cemetery on Sunday. .nr. nenry Kowan left for Dosban few days ago. Mr. Marvin Caviness has aoosition as Chief of police in Carthage. Mr. Caviness lives near Jessup. ;Mrs.,C. C. Cole died on tbe j8th in her 48th year. She is the sister of our townsmen, ex-ShenffJ. L. Currie. The bereaved have our sympathy. ve enjoyea a sociable at Mr. E. J. Harrington's on Tbursdav niirht' Luncheon - was served and games played, and tbe guests withdrew de claring that they had an eniovnhV time. Tbe sociable was in honor of their daughter. Miss Annie, who is home from Robeson. " Mr. D. E. Shields is better, we an glad to state. - . Mr. j; A. McDonald has returned t Tnttsville, Fla. Rev. R. H, Broom filled bis regular appointment at Center Sunday. Mr. Roy Harrington has returned from a visit to Hope Mills. Our rural carriers were allowed day off on New Year's day. , . A teachers' meeting was held on Saturday last, Miss Annie Harrington of near Jessup lea Friday for Robeson, where sue will resume her position as muair teacher. r Succcm. Scotch Lapdis. , ALDERMAN ITEMS. There was service at the Cape Fear chinch last Sunday, the 1st, at o clock p. in'., by the pastor, Rev. ' C Pittman, who preached a noble ser mon to a large congregation. WVare glud to report" that Must;; Don Graham is nMe to be Out agaiu after an illness of Pneumonia. Miss Lizzie Butler, of Brunswic county, isisiting friends and rela tives in this community, - Sheriff W. H. Marsh, of Fayette- ville) was in this community Suqday and Sunday night. There will be services at Marvin church the second Sunday in January at 1 1 o clock by the new . pastor, Rev, T.J. Daily. . . Mrs. Mary Marsh returned home Saturday night after spending sever al weeks with her daughter, Mrs R dwell, of Brunswick countv. ... Mr. John Wesley McNeill died Sat urday night and was buried Monday .afternoon at- the family burying ground. Ve are sorry to report that Miss bailie pate is suffering with a lelon on her finger, ' . Best wishes for the Observer. ' Blue Biat, MEETINaEIMBEKLAND'XdtTON GROWERS AND BUSINESS MEN'S ASSOCIATION. A meeting of the Cumberland Coum ty Cotton Growers' and Business Men's Assoc'n was held yesterday at the court-house. The following were present: ' J. D. McNeill, F. R. Rose, J. M Lamb, W. N. McCaskill, Jas. Mc Laurin, David McLaurin, D. J. Mc Laurin, Josh Geddie, Alex. Thames, Mr. Huggins, Jos. Cook, A. L. ' Mc Caskill, H. P. Davis, Nathan Wil hams, W. H. Tomhnson, D. McL, Holt, P. P. Johnson, Holmes Owen J. A. Graham, E. H. Jennings, A. S Wightman, Sheriff Marsh, J. D. Cash well, B. T. McBryde, Duncan Carver Frank Yarboro, Will Owens, D. I, McDuffie, Jas. Strange, Jeff Monroe, W. H. Tomlinson, J. C. Bain, H. T, Drake, J. O. Ellington, Thos. Ben nett, J. N. Colvin, H. T. Colerider, A. H. Slocomb, C. J. Cooper, John Culbreth, W. A. Pool, Chas. Odom John -W. Bolton, Kelly Graham E. L. Remsburg, Dr. J, H. Marsh, D, K. Taylor, R. M. Jackson, J. A. King T. S. Bacott, J. H. Wyne, J. D. Ged die, D. W. Royal, S. C. Godwin Frank Skipper, H. W. Lilly, Mc Donald, S. H. Strange, Owen Wight man. President McNeill -catled-the meet' ing to order, and Secretary Rose read the minutes of the last meeting which were approved. Capt. McNeill gavels account of the State Conven tion, which he 'attended in Raleigh last-week. On a call ifor the number of shares subscribed to the cotton warehouse, there appeared to be 1,000 shares al ready taken. Mr. A. H. Slocomb was called upon to state the advantages of building the cotton warehouse. Additional subscriptions being call ed for, a large number of shares were tdken, which was sufficient to justify immediate steps being taken to build the warehouse. On motion, the limit of number of shares taken changed from 50 to 200. On motion the meeting of the Cot ton Growers adjourned. The meeting then resolved itself into a meeting of the subscribers of warehouse stock. ' .On motion, Mr. A. H. Slocomb was called to the chair, and F. R. Rose was requested to act as secretary. un motion, an executive commit tee, of one from each township, was selected to take under advisement all matters connected with the perman ent organization of the warehouse company. The following compos the committee: Cross Creek, A. L. McCaskill; Seventy-First, Thos. Ben nett; Carver's Creek, W. L. Williams Gray's Creek, F. C. Yarboro; Flea Hill, L. J. McLaurin; Black River. C McLellan; Pearce's Mill, H. C. Colerider. motion, me chairman was au thorized to appoint one --net-son from each township not herejnresenfed. -n motion r , k. Kose was elected 1 n secretary of the executive committee. kju motion, .nr. j. i. nam was ap pointed to solicit subscriptions to the warehouse by an active canvass of the entire county, he to be paid a sum to be agree 1 upon by himself and the executive committee. . On motion, all subscribers to stock in the warehouse should be notified that an assessment 4f 25 of their stock would be required in cash on the day ol organization. On motion, -it was resolved that the day for the organization h- fiv as the first Wednesday in February which is the 7th. On motion, the meetinir adjourned until that day. 7ccd's Sc:d Book FOR 190G is ons of the handsomest and most valuable publications of . the kind issued. The lseful, and practical hints contained In the annual issues of Wood's . Sed Book make it a most valuable help to all Farmers and Gardeners and it has long been recognized as an np-to dat authority on all . Ganfan and Farm Seeds. it 1 , a . ' yMcqinv lor sonthern plgntlnf. Wood's Seed Book mulled : free to farmers and Gardeners upon request Write for K. AT. Wood & Sons, Seedsman, .rut!Yi.J' VIRGINIA. We mNoH tour rdr dlraot, for both HWTULI and FARM SEEDS, U foot merchant doM not Nil WOOD'S BIOS, , .v-:j To Be Frank you have reallyv never eaten a true soda, cracker until you have eaten Uneeda Biscuit The "only soda cracker which is all good and always good, protected from strange hands by a -dust-tightrmoisture-fSfi proof package. , M NATIONAL BISCUIT COMPANY SCHOOL BOOKS! We have both NEW and SECOND-HANDS school books. SLATES, CRAYON, PENCILS. EVE E YTII IN(i N EEDED I N THE SCHOOL KOOM . THE : NEW : BOOK : STORE - H. W. LILLY, President, JNO. 0. ELLINGTON, Vice-President, C. M. HUGHES, Cashier. " TEE BANK OF FAVETTEV1LLE, N. C. Capital, Surplus, Profits and Additional Liability of Stockholders Oyer One Quarter of a Million Dollars. This is the surplus security we offer to our depositor, more than twice the capital and surplus of any other bank in this section. We soUcit Your Commercial Account, and stand ready to extend Buch accommodations as you need upon reasonable security. In our Savings department we pay 4 per cent interest compounded quarterly.' . Start the Year of 1906 by opening an Account with Us. . jlEIIIIIIIIIIIIIIBIllllillllllllllllllliiK Still A New Lot j mm Queen Quality. J Come See New Shapes. Noiseless Bottoms mm and Heels. i HOLLINGSWORTH & CO. I Edwin Clapp Pats and all Other r.niiasiiiiiuiiiiniiiiiiiiiiiiiiHiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiiHinP Ai tie 1-liter Specials in Fine wear. Gowns, Chemise, Drawers, Corset Cov ers and Skirts. , BEAUTIFUL CHEMISE, new styles, new laces, 75c, 98c, $1 23 to f 2 50, FISE NIGHT GOWNS, cut full, at 49c, 75c, 08c to $2 00, LADIES' DRAWEES 25c, 35c, 48c, 75c, 98c and 1 48, " ' j - .FULgsi'T LADIES' SKT RTS 75c, 98c, f 1 25, $1 48 to $3 00, BEAUTIFUL CORSET COVERS, new laces, 25c, 85c, 48c, 75o to f U50. These lovely muslin undergarments are cut full and made up with all the new patterns in laces and embroid- enes perfect fitting and the New-WMte. Goods. Our biz assortment of White Goods and T i npriQ fir the prettiest that has ever been to this store; in all the new patterns arid Ute prices are right. Frank Thornton. FAYETTEVILLE'S GREATEST X'MAS STORE- CrocKery Dejiariiieil ' PRICES DEFY COMPETITION BRIC-A-BRAC, LAMPS, FANCY CHINA, ETC., ETC. th7urA,p,,,', WareJU? itCemd We "hesitatingly ;y V MAGNIFICENT DISPLAY OF CUT-GLASS ver aliown In Fa.votillar w at the CtWiery IfepartmenV- , ' . . ' FAYETTEV1LLE FURNITURE COMPANY. v FAYETTEVILEE. Leathers, new styles and shapes. S Muslin Under prices are right. ' " jmjm. IYX'JIAS NOVELTIES- Sale . i I--
Fayetteville Observer [Weekly, 1880-1919] (Fayetteville, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 11, 1906, edition 1
2
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