Newspapers / The Charlotte Observer (Charlotte, … / Jan. 12, 1909, edition 1 / Page 3
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IV-1 WW,-. - .S.--:;:. Y- . . '"-'.Yv' Y --T.:. yY-bV' ; - ''.a ' ' : Y ' " "'-'A'- y ..-Y.-. J Y Y-'..- TTie timo ranno drained and De- e ,Yr"e!v free from their present - , , nnii t nns ana wouia d'-5 t productive lands in the bo can undertake the brewing " . -:3- -Yd levy assessment on the ira,n"l UnL for expenses, but I wn'"V think there is a present neces d0 n,, this method- An experiment -ty Zvlll scale is worth trying fn l-cA .So .some comprehensive, lib Ia d effective law should be enact e? ,-iorixins upon just terms and "prt regulations private owa n f -amp lands to enter upon the e Yf others for the purpose of ef- Bank Deposits. . , nutform upon which the .nV national administration was '"u declares for postal savings l- nd it IS not unredaviwuic that before that administra- presu"1'.1. ... -obey the tion p.,Mih Ptal savings banks. The 'floral Democratic party is like Eti o' .viitionally pledged to postal l - I'nuer present cunuinuua bar.K. , .nnflHAnHv be nre- w'n , Vm the postal" savings bank 'I.IS " , C"-1f-i Vast sums of money in small . . .nrrounts. much of ltnow ' the pockets of the people, will be in these postal banks, as the iV.i povernment will guarantee f. Y.i- tv. ThM money will in turn be . 'j in thA national banks with SfrTnevitable result that a greater Yr or:io:i of the casn or tne country ! f -iJ its way to the national banks Tn the money centres that is In the . HUes of the country, not one hich i our State. These results vH trn 1 to drive every State bank Yf .-. business, as State banks can not be expected to stand the competi with rivals having such advan over them, and thus a mighty ' t . serious blow upon the inde- tendenrr of the State inflicted. As no nat-ond bank can have a capital of ss" than $25,000, there would be danger that many of our small towns would be deprived of banking facll which they now enjoy. Our erne banks are the creatures of our n h alation. They have Messed the o.- .ind especially the smaller 1m Thev have aided and encour- a5ed our enterprises. Their record has been one ol merit ana saieiy. in cuiu pardon with national banks when iieasurd by assets los.t or deposits involved in failed institutions our ta:e tanks do not suffer, as the his tory ot tne last generation shows. Un Pr present conditions when a bank's solvency is suspected by other banks and other banks are the first to sus pect it. then every bank in that vlcin i;y is in self-defence compelled to hoard its cash and withhold it from solvent borrowers for legitimate pur poses so as to be prepared to meet any provable run on it caused by the anticipated failure of the suspected institution. With the present stock holders' liability and proper Inspec tion our State system is rightfully pronounced sound and" safe. Yet some thing further is needed, not merely to encourage our people to deposit their money instead of hoarding it, to moderate the effects of panic, to - 1 . A M .d ' prevent runs un suivciu vaults, o.uu insure deposits, but to enable our banks to survive the postal savings bank system. In my Judgment the bank guaranty deposit policy will ben efit not only the banks but very great ly the public. All successful banks prosper on the money of depositors. The State and Federal governments require security for. their deposits nith banks, yet these public deposits produce but a small part of the prof its of banks. The individual depositor contributes the greater part of the money from which profits arise. Every banker ought to be" willing" to have these deposits which enrich him thoroughly guaranteed. I realize that a Governor who has no power to for bid or veto harmful legislation can have little power In advancing bene ficial legislation. He can. however, and it is his duty to recommend to the Legislature what he regards as wise and helpful, leaving it as It ought to be left to the Judgment of the legis lators, chosen by the people for this purpose, in their wisdom to follow or reject his suggestion. It Is with such recognition that I have thought prop er to mention bank deposit guaranty. A compulsory system is advisable but not necessary- I believe the same pur pose will be accomplished by enactln? a guaranty law for the benefit of those banks which desire to avail them selves of its provisions. Let provi sion be made that when a certain per cent, of the State banks, say six ty, representing a certain . per cent of the State banking capital, say fif ty, shall file with the. Corporation Commission, a request to be admit ted to its provisions, the Corporation Commission shall certify that fact to the Governor, who shall proclaim the act to be effective from and after the first day of the ensuing July or Jan uary, whichever comes first, upon all fjrn banks and upon others which may thereafter file a similar request. Should the Legislature favor the pol icy the details of the legislation will not be difficult, and any fear that ir responsible and unsafe banks might be organized can be allayed. by appro priate provisions. Railroads. The railway business of the State I so important that I deem It proper in this inaugural address Informal fashion to set forth some of the views entertained by me and which I have I public speeches often declared con cerning railroad matters. Every thinking man realizes that railroads are necessary, that they bl.ss every community they touch, that they must be profitable In order to give proper service, that they de serve fair treatment at the hands of Legislatures, and moreover that any legislation that would deprive them of just compensation would be futile under the constitution. The people 8 re willing to be charged such rates ipr travel and freights as will pay the legitimate expenses of every -nl and character, including liberal ags to all employes, keep up the roads in good repair and safe condf tion. and then pay fair dividends the value of the property. But the people are willing for companies Chartered for the public benefit to ex act from the public under an almost J namited power to extort when un restrained by law, additional rates to far dvidends on fictitious values or enable railroad magicians by trick r to make millions over night, or to justify them in saddling upon the public mimong of securities in water stock. in my judgment the funda mental wrong in the American rail- a'1 Problem is watered stock. The great question of most of the railroad managers is how to make one dol ' T 3 w rth o property earn dividends ana interest on two dollars of stock JfJ bonds. This tends to two great h a overcharlng the public on one and st,rtJng the roads In labor equipment on the other? This overcapitalization, together with, the fact that,- except In rare. Instances, the owners of railroads jdo nbt live among and have little sympathy with the people they serve, -are at the bottom of most .railroad evils. Oftentimes "a manager serving a far- away -corpo rate head, not .knowing how, long he will hold his positi6n, endeavors to make a record by charging the public all -he can, and by exercising a tern porary economy tfiat leads finally to defective roadbed, dangerous track and insufficient equipment, for he is expected above all other things from his position -to make the property earn dividends ,Tipon original and watered stock. It is evident that one of the essentials of proper regulation of railroad charges is to provide by statute for ascertaining the value of railroad property in order to have a basis upon which to consider rates. The last Legislature reduced -pas senger fares. The rates now in ferce .which v save thousands of. dollars an nually to the people from the old rates, have been approved by tho railroads as just and reasonable. The conditipns justify us In anticipating no agitation for any change in pas senger fares during "the term of the incoming administration. The discriminations in freight rates practiced by railroads In . favor of some and against other cities is prop erly receiving much attention. As . far as competing cities are concerned, it is more important that they have relatively just rates than that either have absolutely just rates. All rates may be too high, but even then, relatively they should be equitable Some of our North Carolina cities have been ' compelled to pay millions of dollars of freight over and above whaj,, other cities have paid for the same distance. The freight on a car load of corn from Cincinnati to Greensboro Is much more than the freight would be should the car go on to Lynchburg. A car load of mo lasses from -New Orleans to Lynch burg pays less freight than if It stops in Charlotte. Over such discrimtna tlons in interstate commerce the In terstate Commerce Commission has sole Jurisdiction. On the face of the above Instances there is injustice, and they show that companies whose di recting heads live away from the sec tion served do not of their own ac cord always deal fairly and deal out evenhanded Justice to the communi ties they reach, and to remedy such wrong the people must look elsewhere than to the managers of the railroads. The fixing of proper rates Is a great problem. Each city is entitled to all natural advantages, but no railroad company should carry freight to one city at a loss and' then be permitted to overcharge other communities to recover the loss. Under no condition and for no purpose, in my judgment, should community be charged "more than a Just rate -for the service rend ered it, regardless of profits or losses on rates to other cities. The State should do all that is properly within her poweV to abolish the discrimination against our towns and cities and to secure for our enter prises and business interstate rates as fair for our citizens as thetates en Joyed by the citizens of other States in their enterprises. The last Legisla ture appropriated $4,000 to help bear the expense of efforts to secure from the Interstate Commerce Commission correction of existing wrongs against our people in interstate rates. Such assistance should be continued until all reasonable efforts have Jeen made to secure justice to the Interests ofi the State. Economy. In the Treasurer's report it appears appears that owing to the value of our taxahle property not increasing as much as the last Legislature antici pated our - expenditures for the last two years exceeded our receipts. This fact emphasized the necessity of practicing the governmental virtue of economy. The sentiment of our people and our financial strength forbid parsi mony, but there are limitations upon our treasury and the Legislature will regard these limitations and display that wise statesmanship which will appropriate Justly for all worthy pur poses and yet keep the appropriations within the bounds of probable reve nues, bearing in mind that surplus is usually more desirable that a deficit. The Legislature will make proper provision for refunding that part of the State debt which fa,lls due in 1910. Sincere gratitude for the people's approval of my past public services and profound appreciation of their confidence In calling me to the re- sonslble duties of Governor,, shall continually determine me to dedicate whatever ability I may have to the prompt, unselfish and faithful per formance of such duties. "With hope and pride, and yet with fear and hu mility, I take the high office from my able, patriotic and distinguished pred ecessor. Fully conscious of my own weakness I would dread to undertake the discharge of its obligations, ex cept for the wisdom and strength of those whom the people have likewise elected to serve in the conduct of the State's affairs, and on whose coun sels I hope to lean in matters of doubt and In hours of trial. Even with their aid I cannot hope to avoid mistakes, evade criticism, or escape being mis understood, but relying upon the good sense and fair Judgment of the peo ple of the State to uphold my hands and sustain my efforts to serve them constantly, honestly and fearlessly, I shall devote my time and talents to their cause. Let us trust that under the guidance of an ever kind Provi dence in the ensuing years plenty and peace shall bless pur people, prosper ity enrich our industries, happiness dwell in our homes, the spirit of har mony and fellowship grow among m f , and devotion to law and order Increase. 28 Die In "Wreck of Church. Eerne. Switzerland. Jan. " 11. Searchers to-day failed to find any any additional bodies In the ruins of the ancient church near Sion, which collapsed Sunday during services. Twenty-eight people were killed and 30 injured. Rotten pillars In the crypt gave way. Cannon Names Secret service Com mittee. Washington, Jan. 12. Speaker Cannon announced the House mem bership committee that will Investi gate the expenditure of money for the secret service work of the govern ment departments. The members are Omsted, Currie, Young. Brantley and Bowers. To Store Cotton. -Oklah6ma City, Okla.. Jan. 8. Oklahoma cotton planters will hold a mass meeting to-morrow to discuss plans for holding the crop .and to dls- pose of It through channels provided by the ' Farmers' Union. The' Oklaho ma cotton growers . will . co-operate with the national (union. In. Its effort to hold a million .bales of cotton off the market until i such . tinie" as the price offered Is satisfactory. . o MUST A NURSE LIE TO SAVE PATIENT? Should She Promise to Become His . . -Bride to - Quiet . Him Is -Problem . A Stunner for the . Leader or tne New Movement. ? Cleveland, Jan. -12. "Shall I say yes . to - an " exejted, nervous patient's proposal of marriage, and then later explain that I dldT not mean it except to soothe him af the time or shall I refuse the proposal and perhaps have death on my soul?" . This is the query put to the leaders of the movement by which 11,000 young people , of Cleveland, are'' at-, tempting for two weeks to live as. Je sus would. A trained nurse, -Miss Bes sie Charles, asked the question, say ing she has been trying, to live as-Jesus would. Rev. W. B. Wallace, pas tor of the East End baptist church, who outlined the rules of conduct for tho movement " refused to-day to be responsible v in such an event as tho trained nurse sketched. ""I would leave' it to my ' common sense were I a nurse," he said. "I would not attempt to advise." : She Asks Question. Miss Charles letter reads: "A train ed nurse has an excitable, nervous pa tient, who must be kept quiet at all cost. This -patient falls in love with the nurse and wishes to marry her af ter he Is well. . V "Shall she say es to quiet him, and tell a lie by so ocing, or shall she say no and let the patient become ex cited and unstrung,- which might pos sibly result in hisSjeath? "Which is worse a lie or the death of a patient on -your soul? ''If she says yes it would quiet him, and after he is well and stronger she could, reason with him . and convince him of the fact that .she was only trylng to soothe his shattered' nerves. "This nurse is trying to live, as Je sus would. Now w-htft would you- do? What do you think Jesus would do?" That New York, Chicago, Washing to nand other large cities are interest ed in the movement is indicated in letters to Mr. Wallace. Pastors In those cities have asked his methods, suggesv.ng an enort to emuiaie me Cleveland movement in their cities. LILLEY TO KEEP CONGRESS SEAT No Law to Prevent Governor from Holding Both Offices at Same Time and Incidentally to Draw Both Salaries. Washington, vjan. 12. Governor Lilley, of Connecticut, Is also Repre sentative of Congress from that State, He holds both jobs and intends to draw both salaries, at least until the present Congress ends on March' 4th. He did not resign as Representative when elected Governor of Connecti cut, or at least Speaker Cannon has not received his resignation. Conse quently he is liable at any moment to be pulled from the Governor's-' chair In Connecticut and hurried to ..Wash ington-to make at quorum In . the House. There Is no law preventing - his holding both jobs at once or drawing both salaries. If Lilley resigns, he must, according to law, write a letter himself, as Representative, to himself as Governor, announcing that because of his election to the governorship he must leave Congress. Governor Lil ley, in turn, must present that resig nation to. Speaker Cannon. It was learned here that Lilley In December offered to present his res ignation to Governor Woodruff, but Woodruff declined to accept it. It was decided that there was no need for holding a special election to fill the Representative's place for the short session, and Lilley decided to romaln as Congressman for the short time. HE ELOPES THAT HE MAY LOAF SOME "Now My Affinity Works," New York Married Man is Quoted. Philadelphia, Jan. - 12. Otto Ax- man, accused of having eloped from New York with his wife's sister, was arraigned and held until the police communicated with Mrs. Axman. When asked why he had left his wife and children Axman told the de tectives, it is asserted, that when he lived with his wife he had to work. "Now," Axman is alleged to have said, "my affinity works ana i ao nothing." His address In this city was learn ed through a letter written to a friend ofhis wife in New York. PILES CURED IN 6 TO 14 DAYS PAZO OINTMENT is guaranteed to cure any case of Itching, Blind, Bleeding or Protruding Piles In 5 to 14 days or money refunded. 50c. VISIT US AT OUR NEW QUARTERS 205-207 South Tryon Street. We carry a complete line of Stationery, Loose Leaf Ledgers, Filing Cabinets, Desks, Card Index I Systems, Office Supplies, etc. A complete corps of , salespeople capable of assist ing you in. your selection. If It is in the stationery line, you will get It at Pound & Moore Co. Commercial Stationers, Office N x- v - . i Y?:n- V X'- Y:p- & ' C'Ary v 1 U (f s - Y:;- -, IIy 1 m k$my4 I -tMM lfY' A M W'- ! vA'rA ? $mr ill m Mm - Xv.-.V.V- r . t .w.v.-.v.w.viv.i.: MINK SET IN A very practical suggestion for rangement of fur in narrow strips, 11 ke ribbon strappings. Over a muff of shirred silk, the fur strips, smoothly lined. a.ve laid loosely; a few stitches holding them in place at the top.J. The shoulder cape is made in the same manner, passermenterie forming a CANAL ENGINEER DEFENDS DAM SITE Foundations at Gatun, Where Great Lock is to be Built, Are All Right A Comparison of Sites. Washington, Jan. 12. Colonel Goe- thals, chief engineer in charge of the construction . of the Panama canal, has taken notice of the criticisms made by Mr. Bunau-Varilla, who at one time was a sub-engineer in the employ of the French Canal Com pany, regarding the selection of Ga tun as the site for the big dam to control the Chagres river, instead of a site atBohio. - In a t letter to the Secretary of War, which was submitted to the President, Colonel Goethals effect ually disposes, of Bunau-Varilla's .contentions. He shows that the foun dations of the proposed site at Bohio are much more unsafe than at Gatun, and that the work necessary to make It safe would -be enormously expen sive. Defends Gatun SiteV Colonel Goethals says: "Both at Bohio and a.t Gutun the distance from the natural surface to the rock is so great that any attempt to found the dam on the last named material (bed rock) would be attended by enor mous expense. Reliance must be placed upon the natural earth under 1 the dam to support theC weight of the latter. If percollatlon under the dam is to be feared, means must be taken to cut it off. Gravel at Bohio. "At Bohio the gorge in its lower strata is filled with water-bearing gravel, not found at Gatun. The in dications are that to make the dam safe the underflow through these strata would have to be cut off by the construction of a curtain wall ex tending to the rock. . The expense of this construction would be great, as the rock at the most favorable' site is at its deepest point 165 feet below the) surface." APEX WOMAN TRIES SUICIDE Mrs. R. B. Beasley Seeks Death Af ter Giving Birth to Child. Raleigh, Jan. 11. Mrs. R. B. Beas ley, of Apex, tried to commit suicide this morning after giving birth to a child. She will die. She had been despondent for some time , over the death of her child last ye arand. this, with her illness so prey e don her mind that she sought death. Only One "BROMO QUININE,' that Is Laxative Qromo Quinine Cores a Cold In One Day. Crlpfai 2 Days See us for THE VERY BEST 1 Of Everything in HARDWARE MAJESTIC RANGES COLE'S HOT BLAST STOVES REACH SPORTING Southern Hardware Company. 41 West Trade Street. Wmmwm STRAP EFFECT. the utilizing of old- furs is the ar-' rich alternating ; material. A Horrible Hold-TJp. "About ten years ago my brother was "held up" in hiswork, health and happiness by what was believed to be hopeless Consumption," writes W. R. Lipscomb, of Washington, N. C. '"He took all kinds of remedies and . treatment from several doctors, but found no help till he used Dr. King's New Discovery and was whol ly cured by six bottles. He is a well man to-day." It's quick to relieve and the surest cure for weak or sore lungs, Hemorrhages, Coughs and Colds, Bronchitis, La Grippe, Asthma and all Bronchial affections. , 50c and $1,00. Trial bottle free. Guar anteed by W. L. Hand & Co. 3 a MM BMfc 1 4nPJm Aftjrb&s ft It 9. S Tryon St on every ix. 25c L si mm Iras Ks 1 ,NC- GOODS m m .... Th New Th Latest e e Th Best This year's hats (soft and stiff) in all the correct shapes and colors. All sizes to fit any head. Come; and sefc our big line unequalled. They have Just been opened and are dis played ready for inspection. ft mm Remember, Mellon's Clothes Fit MATTRESS BARGAINS We bought 25 Combi nation ( Mattresses at less tharifactory cost from a factory closing . out busi ness. ' . . ' They have cotton on all sides and usually retail ' at $5.00 each; our special cash price while they last is $2.75. . These are splendid ba rgains. IAWING-ROBBINS FURNITURE CO. Complete Ho me Furnishers. "V - e Custom Tailor Bugaboo Unless a-man can pay $80.00 to $100.00 for an ordinary business suit, thjere is no advantage in having it made by a custom tailor. He can gea ready-made suit for 50 per cent, to 100 per cent, less than the custom tailored suit will cost and save . himself the delay and disappointment incidental ; to the many try-ons and alterations which are inevita ble. 4 v Does it not stand to reason that the manufactur ers, whose dealings go into -i j -i ' j? i can anora to empioy iar mgner skiu man iue cus tom tailor; who is limited to some thousands? ' Ready-made clothes' superiority to the ordinary custom made was acknowledged y the custom cut ters themselves, who, in convention in Chicago, said, "If -we had not been asleep the last ten years readyr ;inade clothing would not be on top of us the way it is to-dayf,, Y , ' We are still showihg a complete assortment of winter suits and overcoats. We can fit xhe long man . and the short one, the fat man and the thin one, the undersized man and the extra large one, and satisfaction awaits them all. LONG-TATE CLOTHING CO. (- i " - ' Known For Style, Pit and Quality. " Goods Sent' on Approval Returnable at Our Expense. & nes hes nes the millions of dollars, j . i i n 2.1 xi a 0 MV ... AA AA'ir''
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 12, 1909, edition 1
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