North Carolina Newspapers

OBSEWfEB DAILY EOITIQN. ; ; $6.00 Per Annum, In Advance. . 3.00 for 6 Months, In Advanos. 1.50 for 3 Months, In Advance. WEEKLY EDITION. $1.00 per Annum, in Advance. FAYETTEVI LLE N. C, THURSDAY, MARCH 19, 1908. OLD SERIES VOL LXXII NO. 4,015 NEW SERIES VOL, XXIV WO. 3,292. First Class Farm Implements at reasonable prices. . You save Labor, Tim ' ' and Money whan you ' buy Implement that wear well and work well. ' The kind that wa sell. : Wo issue one of the best and most complete of Farm Implement Cat alogues. It gives prices, descrip tions and much interesting infor mation. Mailed free upon request. : : Write for if . ' The Implement Co., 1302 East Main St, . RICHMOND, - VIRGINIA. - . We are headquarters for V. Crimp and other Roofinf, Wlra ... Fenoing, Barb Wlra, Poultry - r Netting, ajto. Write for price? on any inpplies ot iarm Implements you require. PROFESSIONAL CARDS. Q. K. NIMOCKS, Attorney and Coansellor-at-Law. Rooms 1 and 8 K. of P, Building. . fAYKITITILLI, - H. C- 'Phone 229 H. MeO. Eobinson. John U. ehaw. . . (Notary Publio) , ' ROBINSON & SHAW, Attorney s-at-Law, Offices on second floor National Bank of tayetteville. . . H.S. AVERITT, . ' Attbrnev-at-Law. (Notary Public). Office 125 Donaldson Street.- FayetteviUe, N. O. V. C. BULLARD, Attorney and Counsellor at Law, Notary Public, Surveyor, - Office K. of P. Building, FAYKTTEVILLE. N. O. DR.- WM. S. JORDAN, Physician and Surgeon. Office in Palace Pharmaoy. Honrs: 9 to 12 aad 8 to 5. Dr. E. L. HUNTER, Dentist, N orth-east Corner Market Square, FayetteviUe, N. 0. Dr. A. S. CRO MARTI E, DENTIST, Over 8huford, Rogers A Company. 'Phone 838. JOHN C. DYE, M. D.,: iwiVLtnT 1 inn onnncnM O FFICKi Armfleld A Greenwood um -.t Store. W. S. Cook C& Co., Rial Ml! sii taiti, Room 6, K. of P. Building, FayetteviUe " ; " " u ' ' ' ' J. M. LILLY, M. D. - Practice limited to diseases of the eye: ear, nose and throat Office in Hlghsmlth Building, 115 Green street. Hours 9 to 1 and 2 to 5. .'Phone No. 226. G. B. Patterson, D. D. S., . J. H. Judd, D. D. S. Drs. Patterson & Judd, Offices 2194 Hay Street, over Dunn' & Co.'s Store, 'Phone 65. MacKETHAN&TTRuSTCO. Market Square. ATlTriVILLl,.0. ' ' 1 Dm! tutflffht .lid lold. Loauaa negotiated and Guaranteed. and Interest Gollectea. - nim M.mlued . conveYances made. laamrauaec premiums taken and loaned heir j B. MacKtTHiH, Att'f. ' Real Estate: 1200 lot Rowan street 1200; lot Ulilsboro atreet J800, one beat iota Areenal-Havmount; S76 Iota Rowan itreet extended; 1100 Brookslde Are; . ' 11600 new 8 room house Broad atreet; 1500 new atore, Campbellton, rente for- 16: $2HX atore Person atreet; 11000 new ; t-room house Bouth Wlnalow atreet; eirm Mnnrne Plane at Aidlussa: 81000 . SO acres rlTer farm with timber; 12000 ; 677 aerea near Kaerora; tnuw iw acres Falls of Rockflsh: S4000 lars;e house, : farm, 864 acres, Klnftsbnry; 160 to 1200 ' lota Northwest Fayettevillet lUtoflW T ten remaining lota Fairground Park. - Mocka-Martgageat W0 city mort gage 6 per oeut semi-annually, ad v.not! 6 shares 8ottlsh Flra Insurance - stock. -., ... ' y . . i, S1NNYSIDE FLORAL NURSERY, - (James M. Lamb ft South Lock Box 55.: Telephone 49 J : FayetteviUe, N. 0. . For ' Spring planting ' we .have R03E8 In fine shape; MAGNOLIAS, the finest lot in the State. EVERGREENS ' In great variety. , . " HEDGE PLANTS and every thing for the Garden, Park or Country. ... v Out Flowers Always. I -ocoi;o;ooirrNDtpl sow. IN ALL OOUNTRIiai. . montytmioflntkipatni, - : Patent and Infrirtganunt PrtotlM ExoluiMy. as aiatk Itrnt, . turn tMae fatal Oaae.1 - - WaeHINOTOH, O.J. ;Sligi " HAIR BAL8AM . I 01mM snl booalints ths bsttl rrumiitM a lMiirl.nt RTOWUl. a N-rrnr Falls to K ', ? I h ll.lr to Its TOliUllHI yo . palpitation ot the hw t, BlgMUwhaa mm THE NEBRA8KA CONVENTION. The Atlanta Journal well says: The two states whose favorite sons are thus far accepted, by common con sent, as the leading candidate of the opposing national parties, have now held their conventions, adopted their respective platforms and instructed their 'delegates. ' " ' The selection ot Tart delegates in Ohio and the crushing defeat of the Foraker taction, has already passed In to history and by the process of elimi nation has brought the secretary of war more prominently to the front. On Friday the Democrarcy of Ne braska met, adopted a platform and in structed its delegates for Mr. Bryan. , The speech of the distinguished Ne- braskan aroused his hearers to the highest pitch of enthusiasm. - His ut terances closely paralleled the plat form adopted at the same time which, In fact, he naturally had a hand In writing. ,. The speech and the plat form may be regarded as foreshadow ing with considerable accuracy the na tional platform to be adopted at Den ver, just as the Ohio platform fore casts the national creed of the Repub lican party to be officially enunciated at Chicago." r . r' . The Nebraska, platform Is sound Democratic doctrine from beginning to end and may well be ' taken as the model for the national creed of the party, ? Attention is directed to the awakened public, conscience and the necessity of carrying out the criminal law to punish wrongdoers in high places. The principle of state's rights Is enunciated with clearness and vigor and we . are told that "federal reme dies shall be added to, and not sub stituted for, state remedies." The pro position Is clearly stated that "private monopoly Is. indefensible and Intoler able." .There Is a declaration for an income and Inheritance tax; for ade quate currency legislation and for the exercise of complete control over rail roads by the state and federal govern ment, each In Its respective sphere. But It is, after all, the plank which deals with the tariff -which will per haps attract the greatest amount of attention. The Republican party has run away with so many Democratic doctrines on the question of railroad regulation and on the relations be tween capital and labor that the defl- clences of that party when it comes to the question of tariff reform are all the more pronounced. On this sub ject the Nebraska platform says We welcome the . belated promise of tariff reform, now offered by a part. of the Republican party, as a tardy recognition of the righteousness -of the Democratic position on this queB' tidn, but: the people cannot safely en- trust the execution Of this important work to a party which Is so obligated to the highly protected interests that It postpones relief until after the elee- tlon. And we call attention to the sig nificant fact that the promise now made by those Republicans who favor tariff revision is whollly vitiated by the use of the very qualifying words under which the present tariff iniqui ties have grown up. "We favor an immediate revision of the tariff by the reduction of import duties. Articles entering Into compe- itloh with articles controlled by trusts should be placed upon the free list; material reductions should be made in the tariff upon the necessaries of life and "reductions should be made in such other schedules as may be nec- essary to put the tariff on a revenue basis." The sentiment of the country is gradually crystalizlng around the con viction that this should be made the slogan of the campaign. Such a course has the double advantage of being both expedient and just. It Is lncontestlbly true that the dif ferences between the two parties on the subject ot tariff reform are as wide as the poles. The Republican party stands for a tariff which is de vised for the purpose of protection with incidental revenue, while the Democratic party stands for a tariff for revenue, and opposed to protec tion. The insidious growth of the protec tion Idea In the United States has been one ot the most shameless chap ters In Our-history. - The timid and tentative requests of the period be fore the war, when the infancy of in dustries was a reality, for a tariff which would give a net protection of twenty-five per cent tor such Infant industries has grown under the fos tering care ot privileged classes until today the protection is in many in stances a hundred per cent, and more, Industries which have grown so great that they have twined their tenacles around the very foundations - of the government which contribute enor mous sums to the campaign funds ot the Republican party, still receive the benefits of this protection on the the ory that they are seeking to establish a foothold. While the American con sumer Is nay in e millions In tribute these Industries are able to sell their lllWBU 1UU UDtl U U aura w uv. 11 vuum- products abroad for less than they are sold for at home. , No political economist of first rate importance who ever advocated the protective theory nas endorsed it as a nermanency.. It has never been jus tified except to tide over me. indus tries of a nation while it was advanc ing from an agricultural to' an Indus trial basis of production The machinery which was devised to stimulate- infant growth has been retained t bring about a coalition of slants, so strong that it has pervert ed the publlo intelligence. The days when protectionists humbly asked for a maximum ot twenty-five per cent ot protection and the principle itself was conceded to be temporary, seem like a dream, and the advocates ot the prin ciple of protection brazenly deny that such moderate sentiments ever pre vailed. j'-. Th a class legislation lies at the foundation of all- the evils which have followed in the tram ot the trusts, ana when the Democratio party seta Its face against It the party IB on soua and 'exoluslve ground. - r ' ' t. : -" "The nub Ic Conscience has been awakened to the evils of railroad dom ination and today we find enlighten ment and aggressive opposition where oiavioh mib ect on once existed, it is the peculiar mission ot the Democratic narfv now to carry on the work of cor- Z.4tn rofnrma .' but to renew with . . . n t n n greater, seal man ever unuiimiBu education on the subject of the tniqui - tnn tariff whloh has made all the other evils possible . .: : It itf no Blight task A generation hn. mn un in the teachings of the protectionist school which' has never learned just now r ma pou..v." i. lil rtannrtmi from the most extreme claims they dared to RrJ i. V .v.rhm on the country. But . J mhnn ihOV WAHI nrHL IKS IClliUB ww ... . 1 j la - matte 9 o " -. GROWING CONVICTION THAT BRYAN WILL BE THE '. NEXT, PRESIDENT. The able staff correspondent of the Atlanta Journal says: Democrats have been out of power tor so long and the party has met with such overwhelming defeat in na tional elections of recent years that, ordinarily, it would seem extremely hazardous to predict a Democratio vic tory at the coming presidential elec tion. But there are In Washington to day many ot . the best posted politi cians In the country men who have had long experience and who have made a study of conditions who confi dently predict the election of Mr. Bry an next fall oyer any candidate the Re publicans may nominate at Chicago, and these men are no, enthusiastic Bryanltes, nor of .the dled-ln-the-wool Democrats. Many of them are old line Republicans, men who have never voted anything but the Republican ticket . i '... It Is an easy matter to find, without half trying, dozens ot politicians ot both parties; who unhesitatingly say that President Roosevelt himself would" favor Mr, Bryan's election, If Cannon, Fairbanks or someman of that stripe were nominated: at Chi cago over his choice, William Howard Taft---- - - - . i And Mr. Roosevelt's- advocacy of Tatt is no more serious and determin ed than is the opposition of others prominent in Republican politics, The New York 8un's Prediction. ' The New York Sun? anti-administra tion, antl-anythlng-oppoaed-to-special-lnterests, in its leading editorial of Tuesday, March 3, declared that Wll' Ham Howard Taft cannot be elected president, even if he is nominated by the Republicans at Chicago, which it doubts Th.is Interesting statement is made even more so by the further declaration that either William J. Bryan or William R. Hearst, if nomi nated by the Democrats at Denver, can carry New York State over any candidate the Republican party may put up. The past inconsistences of The Sun, together with its well-known pro-corporation, pro-capitalistic policy, to say nothing, ot its bitter antagonism of President Roosevelt and "his policies," has tended to weaken the declaration, but .the editorial has just (he same at tracted much attention v.rA caused widespread comment amours politi cians in Washington. Among other things, the editorial says: If Mr. Taft were to secure the Re publican nomination, a contingency which has been effectively provided against, he could not be elected. The Democratic candidate, whether Hearst or Bryan, would win." "Speaking of our own state (New York) we record our conviction, con tinues the editorial, "that no Republi can candidate, and we particularly In clude Mr Roose.velt himself, can carry it against Bryan, Hearst, or any other Democrat that may be placed In nomi nation at Denver. There are migh ty and revolutionary changes operat ing in the political landscape." The 8un Not Alone. The editorial offers an opportunity to discuss, briefly, the chances of Dem ocratic success at the next election. Regardless of the Sun's sincerity, there are in Washington a number of people, supposedly well posted, who share the belief that success will perch upon the standard of the Demo cratic party at the next election, and they all concede the nomination, of Bryan by acclamation at Denver. The Sun Is probably the first to come forward with the claim that the Democrats will carry New York, and this statement Is attributed more to dislike for Mr. Roosevelt than to genuine conviction. - But the Republican party Is in Row er, and, as a young statesman from Georgia often says, "a panic Is upon the people." Whether there be a pan ic in reality makes little difference, the fact is that hundreds of thousands of men are out of work, particularly in the more populous states of the east and the middle west. It makes no dif- ference whether the Republican party Is responsible for the hard times, the great mass of the people believe such to be the case, and there are many who have heretofore voted the Republi can ticket who believe that a change would do them good and benefit the country. No class of persons study politics more closely than .the Washington cor respondents, and it is surprising to note the growing belief among these men 'that Bryan will be elected, re gardless ot whom the Republicans nominate. Some ot the oldest and best informed writers in the gallery Republicans, representing great Re publican papers freely confess that the chances of Democratic success a mq UUIlUUCtf Ul JTUiWVil UllU buicod I look much brighter today than do the Republican chances. Bryan Himself Optimistic Every candidate is optimistic about success, if not genuinely so, apparent ly so, but no candidate was ever so optimistic as Mr. Bryan Is to-day, or professed to be when last in Washing ton. Of course, he tells . everybody that he expects the Democrats' to win at the next election,- but these utter ances are always taken with a grain of salt, because It Is his business to make them. - However, Mr. Bryan, upon the occa sion of his last visit o Washington, conferred at length with his strongest supporters in congress, and they say his confidence was Inspiring. He con vinced them, almost against their bet ter judgment, that the Democrats not" only have a fighting chance, but that they will be sure winners. Champ Clark, of Missouri, probably the stancheBt Bryan man in congress, savs he .was almost moved to laugh ter by the' optimistic view expressed by the PeerlesB Leader. . He says Bry an is just as confident ot success as he Is that the election will be held on November 4th. He Impressed him as a man who felt that it was all over but the Bhouting, and he was anticipate 7 . , . . , 'u im.uvo private. 4 . - . New Yorkers look upon the Sun 8 ed- I 14 I 1 lA.t.MMnH , ItK VAMrlntf vlaWO 1 uuum uowiu 1 but they all agree that it is quite slg nincant. ... ine: cuuuiuumik iiuiaeiapi., especially,1 haB Impressed them, and this paragraph predicts that New York Btate will go Democratic . The last sentence, "There are mlgh ty and revolutionary changes operat- lna In the noiltlcal landscape," is re- garded as a particularly significant I Illlll.. lUC UIIKUVJ tHU tofumnuuwij changes" are taken to mean a determk I nntfnn ii Anfrlilli n Un It f-tiMl tfi linnPnt MMViV'll IU. js. vvas. uHtwa , as-" Bryan, or Hearst, if need be, In prefer" anoe to either Roosevelt or xait, JUDGE WINBORNE FOR ATTORNEY-GENERAL. ; - We have ' received the following, which we publish with pleasure: ; Murtreesboro, N. C, June 20, 1907. To the, Democratic Voters of North Carolina: - I am a candidate for the next Demo cratic nomination for Attorney-Gen eral. -,j . ..;.. I would be gratified to have your support and influence and the support of your county. ; ; - v- I began to labor for the Democratic party in 1875, on my majority. I have labored for years In the ranks of the party for the success of ' the candi dates of the party and Its principles, and at no time being lukewarm in my loyalty. Much vl this time I have served on my county, district, and the State Committees.. I have been unsel fish In my devotion to the principles of the party and the welfare of the State, I have not pushed myself for ward for office. This is my first re quest of the party.- My county has strongly endorsed me several times. My labors in the Legislatures of 1895, 1905 and 1907 are well known. v.i With best wishes, I am, jx Sincerely, - B. B. WINBORNE. Asheville Citizen, Dec. 26.1 The name of Mr. B. B. Winborne, of Hertford county, will be presented by' his friends to the next Democratic Convention for the office of Attorney General of North Carolina. I have known Judge Winborne well since he came to the bar In 1875, and amont the - gentlemen . whose names have been mentioned, or are likely to be mentioned, for this high place, there Is, In my opinion, none fitter than he, and I realize what a high compliment this Is. He is a lawyer of ability and learn ing, up to the high standards of our profession, and capable and accus tomed to almost infinite labor and in dustry, a cit'zen of force and charac ter and a Democrat without "variable ness or shadow ot turning," who has done as much Intelligent and faithful service for the party as any one in It. The Democratic party can make no p intake In his nomination, and the Stale of North Carolina will have in hiuran officer worthy, capable and ef ficient. W D. PRUDEN. Edenton, N. C, Dec. 19, 1907. MR. WINBORNE ENDORSED. T. W. Mason Writes to Favor Candi dacy of Hertford Man for Attor ney-General To the Editor I wish to remind the readers of the Observer that my friend and neigh bor, B. B. Wilborne, of Hertford coun ty, is a candidate for the office of At torney-General at the hands of the nominating Convention of the Demo cratic party, and that we are fortunate 'n having him to tender his services for that important office. Those of us who live closest to Mr. Winborne and know him best will ear nestly aBk our next Convention to nominate him. There Is hardly any need to mention his fitness as. a law yer; his work In our courts and in our Legislature, where has often repre sented his people, has placed In the front or his profession.. He Is not only a close and diligent student of the law, but he has for many years enjoyed a large and successful prac tice. Few, indo'-d. arv t' nished with as full a knowledge as he of the de cisions of our coui'M and the reasons of them Mr. Winborne has always lived un der and borne with brave hands tho standard of the Democratic party. He has never wavered. In the day of party disaster and political gloom his voice has never given forth an uncer tain note, and he is today the safe and trusted political leader of his county. It is a pleasure to think of him and to speak of him as a neighbor, and his beautiful home life with the silent Influence of his exam ple leading the people of his commu nity to think and to live rightly. He Is a great lover of his people and, in his riper years, has given his pen, in leisure moments, to a record of their lives, dedicating his work "To the memory of the departed worthies of Hertford county aad the descendants of those noble people." Looking backward over a life to hich has been given some length of days, It ceems to me1 that it is wise tor us to choose for our public ser vants-those who have not only intellec tual force, but also true, warm hearts, and who love their neighbors. T. W. Mason. Garysburg, Nov. 6th. FOR ATTORNEY-GENEftAL. Tho Name of Ex-Judgi- B. B. Winborne Presented and Urged. To the Editor: Whilfk.thA frfanilR nf rtiA mnnv nnn- I - 'if j -- dldates for nomination by the next Democratic Convention for various of fices are saying a word for their choice men, I ask a short space in the "Old Reliable," The News and Observer, the Democratic organ ot North Caro lina, that I may speak a word In favor of one of Hertford a leading citizens, Judge B. B. Winborne, whose name has appeared in the columns of your most excellent paper, and his candi dacy declared '.for fhe nomination to the-office ot Attorney-Geperal for the State. I wish to say In his favor that ot all the good men in North Carolina I think the party could not select a better man for that high office than Judge Winborne. I wish to add by tes timony to his faithful service to his party, his State, and his country; let all old soldiers know that since he sat on the gate-post of his' father's yard gate in the sixties, then a youth wear ing knee v pants, and gave cheer and profound sympathy to "a passing regi ment of the old worthies who wore the gray, ' while they marched past his father's gate on their march to meet the Invader ot North Carolina soil! he has never lost interest and deep con cern for his State's best Interest. He Is a lawyer of ability, and a most In defatigable worker. He has served his county and State thrice in the Leg- I leittlUlO. HI TIUK .J.O UUMIUM1 Ul WW committee, on Judiciary at two ses I slons or terms of that body. The read ina neonla nf the' State know the I , , t . I vl.L V. a,,.J IV iaiiniuiness who wmcu ne uiiou um - 1 position, and while he is what may be classed as a conservative lawyer, and business man, he stands and contends for what he considers to be right. the party should honor him with the nomination' he will watch the Interest of the State with eagle-like eye and use his best judgment and abiltty in upholding the official hands ot the State, and maintaining the laws on the statute books. - The friends of JudgoWiuboriie believe and f eeHf he should be ohosen to flu this office be wll reflect credit upon the wisdom of the party and upon himself. Yours respectfully, W. PvTJlYLOR. Winton, N. C, Dec. 4. From Raleigh News and Observer. JUDGE WINBORNE FOR ATTORNEY-GENERAL. Retrospect of His Party Work and High Position as a Lawyer. , To the Editor: ... By all sections of the State Hon. Benj. B, Winborne's name will be pre sented to the next Democratic State Convention as the people's choice for the nomination for Attorney-General. A brief retrospect of his party work and the high position which he has maintained throughout the State as a lawye.r will suffice to make clear the reasons why his friends believe he should be nominated. From the beginning,- In the year 1875, Judge Winborne has been active in the politics of his county and State, and with unswerving allegiance to the Democratic faith, few men, If any, have contributed greater services to the party. As far back as '78 he was made chairman of the Democratic Ex ecutive Committee of his county, and held- that -offloe-antil-reeent- years, when he resigned. It was in '84, un der his able direction, that the coun ty wa flrat redeemed from Republl- iIms served on the ftate Executive Committee, and few men on that com mittee have been so wise in counsel and consistent In effort to wipe out every vestige of Republicanism in North Carolina. ' In 1894 he was elected to the Legis lature and took his seat, together with the noble thirty-three, in the Assembly of '95. Notwithstanding that they were in the hopeless minority, by his ability and manly bearing Judge Win borne was enabled to procure much needed legislation, as well as to pre vent much more that was bad. In the Legislature of 1905 he was. by virtue of his authorship of a great many bills, perhaps more in the lime light than any other member of that able body, in adition to serving on a large number of committees and as chairman of the Judiciary Committee, he was also chairman of the Demo cratic caucus. Two years later, In the General Assembly of 1907, he again served with conspicuous ability, He served the second time as chair man of the Judiciary Committee and chairman of the Democratic cau cus, ana in addition thereto was on more important committees than per haps any other member ot the House le had much to do with shaping tho lcg'.htion of the State, ana his famll- iarfy with the laws rendtmd him at ill limes of incalculable uselulness to tr.e members In T75 Judge Wlnb)rn-j togan the practice of law. and alnr.sl -from thf first he has been the peer of any man in Eastern North Carolina as a real lawyer. He has not gone off any time in search of additional lines of work, but he has remained hard by the study of law, with the result that he has today In the State no superior as a successful practitioner and gen nine student ot the law and profound exponent of lis miuciples. A brief reference to tho Reports of the Su preme Court will disclose the fact that he has continuously for a number of years represented clients in much im portant litigation. Further reference to the various enactments of the General Assembly will bear out the statement that he is the author of a great many important laws which the lack of space forbids enumerating. Wherever Judge Winborne is known, whether in the General Assem bly or any place or capacity whatso ever, he is quickly singled out as a hard worker. It is his untiring energy and close application to the matter in hand, together with the liberal train ing and profound knowledge of tho law that fully qualifies him for the office of Attorney-General. He Is em inently fitted in body, mind and heart to fill the office for which his friends demand that he must be nominated A thorough lawyer, a man of affairs he is po?s rped of great wisdom, self- comrol, coi.rage, character and execu tive ability; able, honest upright, bn Is an all-round man, rings clear on every issue of importance that Is now before the people. If nominated for Atorney-General he will fll lthat great office with credit to himself and to the State. JAMES R. MITCHELL, Chairman Democratic Executive Com ni itt qq Winton, N. C, Jan. 1, 1908. THE NEW YORK WORLD IS SOUTH-HATER AS WELL AS BRYAN HATER Wilmington Dispatch. As the New York World is still keeping up its mistake of defending and extolling the negro soldiers who blew up Brownsville many Southern Democrats are not apt to attach much importance to The Worlds prosecu tion and condemnation of Col. Bryan. THE WORST BANKING SYSTEM IN THE WORLD. ' By ANDREW CARNEGIE. Americana have many advantages upon - which we may plume ourselves as being in advance of other nations, but we have at least one humiliation to lessen self-glorification. Our banking system is the worst in the civilized world. ' The statesmen ot 1860 did not have a clean slate to begin with. Govern - ment credit was then precarious and needed support, and the temptation to use banking for this purpose proved Irresistible. Sound banking was sac rificed to sustain the National credit when it was resolved that the curren cy should be placed upon Government bonds, which, in the opinion ot Mr. Gage, ex-Secretary ot, the Treasury, resulted In giving a marketable value to these twenty per cent higher than they would have otherwise reached. The result is that our banking capi tal la diverted to the extent of $1, 250,000,000 invested in Government bonds by the banks, because currency issued must be based upon an equal amount of these bonds deposited-' In the Treasury. A reserve of twenty five per cent against deposits must be kept In cash and a reserve ot five per cent against circulation kept in Washington for note redemption. Mr. Fowler, the able Chairman of the Fi nance Committee in the House, states that the loss caused by this reaches 1150,000,000 annually. Banking capital in France, Germany, England, Boot land, Canada, etc., escapes this loss, beaause their ourrenoy 1b based upon the assets - of the banks. None ot their capital is locked up in bonds as strrtty-- formesT-Banitrlte0ti "the reserves which experience proves to be necessary. This, then, is clear that banks In other countries start with a great advantage over ours, which are heav ily handicapped. There la another Important advan tage which these banks possess over ours. Currency based upon the as sets of banks rests chiefly upon trade bills. In the nature of things, the bank is called upon to issue or redeem notes just as business requires; that Is, as business increases or decreases, currency required is less or more. Business brisk, more notes are need ed, and they remain in circulation; business dull, less notes are needed, and some are promptly returned to the banks for redemption. All Is elas tic and automatic. , The law in European nations does not restrict the issue of currency equal to the resources of the banks, except that when the Bank of Eng land was reorganized in 1844 the Gov ernment owed It eleven millions of pounds, and It was agreed that the Bank might issue uncovered notes to this amount, but any issued beyond mis should be covered by gold. The practice in emergencies Is for tho Government to allow the Bank to dis regard this and to Issue additional cur rency uncovered, but the Bank must at all times redeem notes In gold up on presentation. In ordinary times the amount of notes issued by the banks does not exceed much, If any, one-half the amount issuable. Cana da's average is fifty-four per cent, Scotland's Is less. We hear the reply, "All this would be a great improvement upon our sys tem, except that our bank notes have the bonds of the Government behind them, the best of all securities. Our people would never agree to accent bank notes without this. Other na tions have not this undoubted securi ty." Let us look into this. Take Canada 1 an example, which has a proper manner of banking modeled after the Scotch system. Canadian banks is sue notes based upon assets. These are secured in the following manner: urst. They are a first lien unon all the resources of the bank. Second. Every stockholder is liable to an amount equal to the par value of his stock to meet the debts of the bank upon this the notes have also a first lien. Third. The Government taxed the banks five per cent of their average circulation until a fund was obtained the proceeds of which are ample to pay any reasonable loss upon the notes, and this fund the Government now holds. If it should ever be found insufficient, the tax is promptly to be increased. This special fund, howev er, has never yet been called upon for a dollar. Ihe interest unon it is now returned to the banks as superfluous security. no uanK note in Canada or in any of the other countries possessed of proper banking has ever failed to be paid upon demand. compare tnis with the security we have for our currency from Govern nient bonds which have been sold in gold for a shade over one-third their face value (greenbacks fell to thirty- six cents), and they may sell so again should we be drawn into a serious war. They are at a fictitious price to-day equal to twenty per cent. It is not true, therefore, that thee are me Dest security The Government secures the legal tender notes by keeping in Washing ton a reserve of nearly fifty per cent in gold (150 as against 346 millions) but the only redemption fund against our currency is five per cent in legal tender paper money, which the banks are required to maintain In Washing ton against their circulation There is only one substance in tho world which cannot fall in value, be cause it is In itself the world's stand ard ot value, and that is gold, which the banks of eivilized nations have as their reserve There never was a time, and there never can be a time, as far as we can see, when a million dollars' worth of gold will not redeem a million dol lars' worth of debt. Hence the cur rency of European nations is abso lutely secure, being based on gold while the currency of our country is not. A serious, war would affect it because our bonds would fall in value Other nations go through wars, their bank notes never affected, because the reserves held in their own vaults are in gold. Their business world goes on much as usual. Ours would be in constant danger of collapse Men have railed against gold as if it had received some adventitious ad vantage over other articles. Not so; gold has made itself the standard of value for the same reason that Ihe North Star is made the North Star 4t is the nearest star to the true north around which the solar system revolv es. It wanders less from, and remains nearer to, the center than any other object. It changes its position less To object to gold as the standard of value, therefore, is as if we were to refuse to call the star nearest of all stars to the true north, the North Star. Man found that gold possessed many advantages as a metal and was the one that fluctuated least in value therefore its merits have made It the standard of value. That is all. If another metal appears that keeps ,tru er to uniform value, it will displace gold and make Itself the standard, as the star Lyra, under present condi tions, will finally displace the present North Star. Some men high in authority these days seem to be haunted and affright ed by the dread specter of war, and clamor for four battle-ships .this year when last year the President announc ed to the world that no increase of our navy was required, out only one Dat- 1 tie-ship- per year to keep the navy ef- lecuve. 1 nose iuus tuuiuieu suuuiu ponder upon the consequences that would befall our whole financial fab ric If, under the strain of war, its ba sts crumbled even In a small degree compared with that which occurred during the Civil War. France, when overcome, the enemy beseiglng her capital, moved on In all peaceful bils- mess departments in perfect serenity. Gold commanded one per cent pre mium for a few dkys, owing to the disorder reigning in Paris, which ren dered It difficult for people to attend to business needs. With this excep tion all went on as before from start to finish. As a war measure, the President should not delay asking Congress before It adjourns to lay the foundation the only possible founda tionfor a safe and perfect banking system, by separating the banks from the Government and requiring them to keep reserves in gold coin as Eu ropean banks do. A beginning might be made by enacting that after a cer tain date banks should keep increas ing amounts of reserves against de posits and circulating notes in colnf as this Increased, the bonds now held for security being released. This Is practically the IndianajoltL.j)lan. whlcn has won wide acceptance. Gold coin can easily be obtained. 'There Is twelve hundred millions of dollars of it in the country to-day, with power to Increase this, since our exports ex ceed our Imports. Details should bo left to the future, whether the Euro pean plan of one central bank or the Canadian plan of establishing a point of redemption in each district be adopted, or an organization ot all National banks be made to co-ordi nate the system and have authority in emergency to authorize an ex'ten Blon of note issue as central European banks have under Government author ity, all our banks to be responsible pro rata for such additional issues. All these and other secondary fliiegr tions are not now In order. To-day's duty Is simply to make a beginning toward basing our banking system up on gold, instead of Government bonds liable to fluctuation under exceptional conditions. To reach proper banking we need no revolution. We should make haste slowly. All our progress should be tentative, avoiding anything like shock to our present system, so fraught with danger, and rapidly as suming proportions that threaten re current disasters. We only need to turn our faces and kep them In -the- right direction bv beginning to inject more gold direct ly into our present system little by little, until, in the fullness of time, we can establish a banking system complete In itself, such as that which trie leading nations and even Canada now so happily possess. When we at last become fully pre pared for the substitution of asset for bond secured currency, this can easily be accomplished without caus ing even a rinnle of disturbance, thus relieving the Government from all part in our banking, as other Govern ments are relieved under their sys tems which work bo admirably. Our present plan is primarily an in strument designed to strengthen pub lic credit, and scarcely deserves to rank as a banking system at all. Pub lic credit no longer needs this sup port. Let us therefore, gradually, not hastily, but slowly, very slowly, fright ening neither the most ignorant nor the most timid, transform it Into the Instrument which the country so im peratively needs, if it is to be' secure, as other contries are, against finan cial cataclysms, either in peace or in war. Men in public life who keep before them this important task will Uvea) long in memories of their futurecoun trymen. for our present plan is one of the greatest of mistakes, pardona ble only because made under the pressing conditions surrounding the Republic after the Civil War. We read that In the Senate recently, Senator Lodge, one of its leading members, declared than "bank circu- laticn based upon gold reserves and a complete extinction of all government credit are at this moment counsels of perfection." This is true indeed Senator Lodge has all the leading au thorities upon banikng affairs known Ki the writer in agreement with him. The statesmen of to-day, when deal ing with the subject, will have no ex cuse to offer if they fail to turn the country in the direction of this per fection. There is but one right path. SENATOR OVERMAN. t'larkton Express.J Every man in Ihe State has a right to run for office, and every man has e right to vote for whom he plea.-.-s, but we believe when we have a gout: man in our law making bodies it is a mighty good plan to keep him the In this connection we refer to Sena tor Lee S. Overman. The next Legis lature will he called on to re-elect him or his successor, and there is ev ery reason to believe that he is going to have opposition ir. the person of Governor Glenn. It has been the opinion of a good many for more than two years that the Governor would be in the race, and while he has not made public announcement he has not denied it. Governor Glenn i.s good man and has made us a good Governor, but we are now and always opposed to him as a successor to Sen ator Overmau. No Democrat in Con gress is more popular tnan the junor Tar Heel Senator no man ihere it harder worker. By all means send him back and keep him there for sev eral terms. 'IN THE DIRTY POOL TICS." OF POLI Greensboro Record. A politician seen m Die city yes terday afternoon, said, after reading The Record s short comment on the apparent combine in the east where by former Governor Aycock is to suc ceed Simmons in the United States Senate and Simmons is to support Craig for governor and then become governor four years t.ei.re, that no doubt this was the plan, The Record's doubts to the contrary notwithstand ing. Ke went on to say that when the legislature elected Simmons year ago, that the strongest kind of efforts were made to get Aycock to run, members of the legislature im portuning him and begging him to wade in, but to all overtures he turn ed a deaf ear. This same gentleman said it was believed at the time and is no doubt true, that if Aycock had consented to run, even after the as sembling of the legislature, he would have defeated Simmons ;that the rea son he declined was no doubt because of an understanding with Simmons that he would stay out and run the next time. What is cropping out now he said, confirms this idea. So mote it be, hut it is hard to believe that Simmons is going to abandon a seat in the Senate, even to become govern or. if he is going to do it it is be cause he fears he cannot again be olected. Hut even this is news to us, Beat Simmons with his superb organ izalion? Every dog has his day, to be sure, but we refuse to believe that the astute organizer from the east is back number. A SENSATION. The marvellous curative properties of Foley's Honey and Tar has proven a 'sensation in many cases of severe coughs and colds that had refused to yield to other treatment. Foley s Hon ey and Tar will stop your jsough heal the lungs and expel the cold from your systom. Contains no harmful drugs. McDuffle Drug Store (O. O. Souders, Prop.) i . . - Grippe is sweeping the country. Stop It with Preventlcs, before It gets deep ly seated' To check early colds with these little Candy Cold Cure Tablets is Btirely sensible and safe. Preventlcs contain no Quinine, no laxative, noth ing harsh or sickening. Pneumonia would never appear If early colds were promptly, broken, , lsn..giQ)l. afa. erisu children. Large nox, tauiets, 25 cents. Vest pocket boxes S cents, Bold by B. B, (jedberrfa Bon, FAYEtTEVItLE MARBLE AND GRANITE WORK ' Strictly . First-class Work. e ; Call at my yard or write for price), Respectfully, K. I . RKMBBIJHG, Proprietor, ' 1'ayetteville, it GET READY for Planting Seeds. WOOD'S the Best for Ihe South." Our stock is fuller than evet bemre. Nasturtium and other flower seeds 'Get it at HORNE'S.'i Our . 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