Newspapers / The Charlotte Observer (Charlotte, … / April 14, 1909, edition 1 / Page 5
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; : THE CHABLOTTE . EVENING CHEOOTOLE, --APRIL 14, 1909. PROSPEROUS The Mutual: Holds Its Twenty-Eighth Annual v Meeting. i-rmT KY MAKES ECI G RATIFYING REPORT OTVirt show That This Popular Con KTn i Has Enjoyed Another Very SJLnerous Year Old Officers and nKrs Are Re-ElectedThis is f,"; oldest Organliation or r Its Riml Charlotte. Mutual Building and Loan As- V,f'o'n held its 2Sth annual meeting fi- nWin at the city hall. Forty-six -,,reMoidtrs were represented.. ;- Mr. virion Liddell was chairman and Mr. v 7, Keller sercetary of the meet- o Oratifving reports were read by Jhe' president. Mr. John R,i Pharr, and Secretary, Mr. Keesler.? rie old directors were re-elected as f-,nov- John R. Pharr, B W. Ahrens. y- Wilson. F. D. Lethco. W. F. iwd'.T. McLaughlin, A. G. Bre wer i G. Shannonftouse, John M.' Scott". W. H. Belk, T. S. Franklin, and E L Keesler. "otSofrs were elected as follows: President. John R. Pharr; vice presi dent F. W. Ahrens; attorney, Chase renizer. and secretary and treasurer, E. L. Keesler. Follow ins? is the secretary's report: April 13, 1909. To the Shareholders of the Mutual BuiKlinar and Loan Association: Gentlemen: It again becomes my duty to acquaint you with the details ani results of another year's work as vour secretary and treasurer, as well nve vou ucn iacis ana ngures as indicate tne present conamon or votir association. You are aware, of course, that this organization dates back to 1881, and that this is the 28th annual meeting. It is the oldest of the four associations in Charlotte, and, I dare say, the old est in the State, and this is the . more likely true, if you confine ' the. term "Building and Loan Association" to such institutions as stick to their legit imate lines, viz: that of affording a safe method of saving and accumulat-j ins to the masses; of providing a place where money can be secured for home building, business enterprises, devel opment of unimproved property, or for any other legitimate purpose, and for securing it at a reasonable cost. As a saving institution alone it is now appealing more and more strongly each year to people of all classes, for it furnishes them at once with the safest investment and the highest rate of interest. It is the ideal plan for creating a sinking fund with which to discharge debt. For direct borrowing, when you consider the plan, notl In a theoretical but in a practical sense, it is the simplest, the cheapest, the best yet developed. , THE FINANCIAL STATEMENT. I now present you with various fi nancial statements, which show, upon careful examination, a great many of the details of the management, one Is an exhibit of the face of the ledger at the close of the fiscal year, March 31, 1909. This gives the balance of the various accounts just prior, to the closing of such as are carried to the debit and credit sides of profit anJ loss, in which all are eo vitally con cerned. J Another is an exhibit of the active accounts standing open on the ledger after the merging of a number with others, and this shows in a concise teanner, boiled down, as it were, from" the first and more comprehensive statement, the proper apportionment to the several general heads of the business. Another is the proper separation' of those accounts showing assets on the one hand and liabilities on the other. This is made up, and correctly so, not only of what the ledger records as as sets and liabilities, but also all other items, unpaid, which come under these heads, and which are necessary for a true representation of the actual present status of the association. It is not out of place, I take it, for me to state just here, that unpaid items are frequently left out of statements of this kind, for the reason that they are not, as yet, a part of the actual records of the office, and further, for the rea son that, without them, a more at tractive showing can be. made. Such, however, is not the practice of this of fice, and, of course, should be of none. ) One statement shows simply the transactions of the year, yie receipts in the first place, the disbursements in the other. This is always an Interesting feature, for it indicates the progress of the work, whether we are falling behind or forging ahead. OTHER STATEMENTS. ' Another statement which shows the division of profits and the true appor tionment to each series, and then to each share of stock in force, is of rather a complex character, but when figured to a nicety, as in this, case, and as is always our rule, is most in teresting, for upon its showing is based the conduct of our affairs for another year, and upon it rests the attractiveness of our proposition to new shareholders from day to day. In addition to all the foregoing I submit numerous other sheets contain ing figures and calculations connected with the work for the information of such shareholders as are interested in th.i details of this institution. All of the statements here present Ed are carefully compiled, and are true representations, . figured to a mathematical certainty, of the condi tion of affairs as of March 31, 1909. while these figures speak for themselves, I must be "pardoned for saying that they afford me, your sec retary and treasurer, the greatest gratification, for they set forth the growth and development in one of the oest institutions in the land. The Mu tual to-day commands more attention, and deservedly so, than at any other y'e m its history of 28 years. Its i.-iuence is spreading into ..wider " ids; its aid is sought by men and men in all the walks of life; its Perhaps, without a parallel this country; it has no superior in tin, Vcts or rfesults, and with con-att- interest or your part it can but uam to a degree of usefulness al srZ lncalculable to this city and of eat moment to North Carolina. BOOKS AUDITED. Tv, i . oooks. seeuritw and. these Stat . ' " over v . , nave been carefully gone C rri' Messrs. Johnson and E D. H. Anderson, R. P. Purcell. experl- T .1 . J urcipfl . . - - the nr -1 ln conclusion, that president and other members of arp is l. certify that all druggists- if FrT Izeu to refund your money vo.,r rys ,Honey and Tar fails to cure ioaVSsh or colds. . It stops the' ."' neals the lunea and Drevents erinrTo 7esu,ts from a cold.. ..Cures Iaf anri usn &nd prevents pneumonia ate c"sumPtion. Contains no opi Dar e genuine Is in a yellow Jordan. Refuse substitutes. R. H. luan & Co. e-o-d your- bonrrt . r? 'AtmZt.-Sb , ' ; t ' JZT r ssrance nave . done ao. most cheerfully- and' wlteout" re muneration. - Tn h. re" ciienfac-o aMaborof Idve- "e??;8 ;ben i ;- - Respectfully submitted,'- . ' ' , -:-: -. E-' KEESLER, .: - ; ; : Secretary and Treasurer. ASSETS AND LIABILITIES " - ' : ., , ASSETS. v . tiij... .'l.ure 899.97 oasn on hand ... -921 LIABILITIES. 14 Installments ... ... ... 88 Profit and Loss ... . B"18 yable ... ... .7 loO Matured Stotsk ... ... . Installments Unpaid ...! Interest Unpaid ... ... ... Pines f Unpaid ... Prepaid Interest ... ... ... $526,436.26 .$439,6T?.23 . 51,579.16 . 31,200.60 6,000.60 2,333.00 546.18 V 233.50 267.17 , - "'.- $526,436.26 we, the undersigned committee ap pointed br tho Board of Directors of the Mutual Building & Loan Association of Charlotte, N. C, to examine the books and assets of said Association, report we have done the same and find all aecotmts correct according to the statement of juur secretary and Treasurer. R. C. JOHNSON, E. P. PURCELL. D. H. ANDERSON, Committee. " : . : At tho Alamo. , The Alamo -this w:eek is offering a real bill, which ja more than pleasing to its patrons. The bill contrasted with the ordinary vaudeville attrac tions that pass this way is refreshing and most., entertaining. The Powers trio, presenting "Lizzy's Dream." is far and above the average act, and is easily in a class by itself. The Louis ville Courier-Journal has the follow ing to say of this act: "The greatest hit was made by 'Louie Powers, a Hebrew artist, with his song, 'My Monootch . She Do the Hootch-a-ma-Kootch and several parodies. He was recalled so many times that the orchestra ran out of musln for his son era. As lr.7.v CVTia he has a makeup copied apparently 2 4 rvc V1 3kj 4 Edith Powers, of The Powers Trio. from one Zimo 's caricatures, and is funny without apparent effort. Every now and then something good Is said or done. Powers Is really funny and alone is worth the price of admission. Miss Edith Powers, as a sweet, inno cent country girl, is an adept to her part and lends the proper color to the comedy developed by Izzy. Perhaps no comedy act . showing in .this city has made a more favorable impression on the people than this clever com bination of artists." E. Zelo, the strong man, completes the bill. His feats of strength are marvelous, and his lifting of 12 to 15 men on his back is causing them to set up and take notice. He offers $100 tet any 12 men in Charlotte that he cannot lift. The management Is -offering this combination all this week with sou venir matinees Thursday and Friday afternoons for ladies and children es pecially. 3Ir. Caldwell at His Office. To-Day. The friends of Mr. J. P.' Caldwell, who has been ill since March 7th,. will be greatly interested to learn jthat he walked up town to-day from his resi dence and spent some time in his office ' in The Observer Building. His improvement for the- past several weeks has been steady and the indi cations are that he will be entirely himself again within a very short time. Rheumatism. More than nine out of every ten cases of rheumatism are simply rheu matism of the muscles, due to cold or damp, or chronic rheumatism. In such cses n6 internal treatment is required. The free application of Chamberlain's Liniment is all that is needed, and it is certain to give qjuick relief. Give it a trial and see for yourself how quickly It relieves the pAin and soreness. The medicines usually given internally for rheuma tism are poisonous or very strong medicines. They are worse than use less 4n case of chronic and muscular rheumatism. For sale by-R. H. Jor dan & Co. CANDIDATES , (Continued trom Pare One. of Ward 8Dilworth, where the can II dates , named, were agreed upon ' at a mass meeting held in the ward for the purpose. - It ; Is expected that within the next two days the names oall possible . candidates will have - been formally, at least, mentioned,- ' since those getting in the primary must an nounce themselves by Saturday. ; ; ....- . Where to Register. -,-' 44 , A meeting of the city Democratic executive committee t was held last night for the purpose of arranging some further details of the approach ing primary and election in the city. V The following places wer4-named' as registration places for the primary and the election in the approaching contest::.- - ' - - ' ' "- "' - - ' : Ward 1 Campbell's store. College an I Fifth streets. " ; ' Ward 2 Court house. . Ward S Caldwell's ; store, Church and Fourth streets. ; Ward 4 Berryhlll'a TStore,' corner Ninth and Pine. ' Ward 5 Shoemaker's store, North Charlotte. ' Ward 6 Belmont Drug Store, Bel mont. . . - - Ward 7 Howie's store, Fourth ex tension. - - ,.- - Ward 8 Dilwortfi Drug Store, Dll worth. -; ' , Ward 9 Gallagher's store, South Tryon street. . . Ward 10 Severs Bros. store, Se versvllle. - Ward 11 Fite's store, North Gra ham extension. The registration books to be used for the coming primary and election, will be the city registration books of 1907 instead of the registration books for the primary of 1907, as previous ly announced. ' Any voter who registers for the city election will also be registered for the primary preceding this city election, provided such voter registers before Tuesday, April 20. The outlook at the present time is for a rather heavy registration, as the primary and election will be spirited though harmonious, and the voters will poll a rather large percentage of their full strength in the contest. The registration books will close on April 20, or oneweek from the pri mary." If necessary it has been agree J that the second primary shell be held on Saturday following the Tuesday of the' primary such a primary will be required, however, only in the event that there Is a failure to nominate tn some of the wards, but the . harmoni ous action! of the political forces will tend to eliminate the possibility of a second primary, the first being expect ed to be sufficient to nominate the mayor, board of aldermen and the school commissioners. In Republican Ranks. There is still nothing definite from the city Republican organization as to whether they will put out a full ticket or a patrial one. It will be remember ed that the "steering committee" agreed to recommend to the central committee that a full ticket should be put out, but since that meeting, which was held Monday night, there have been many Republicans who are ex pressing themselves as opposed to a full ticket. They prefer rather to put out candidates in those wards where they believe they will have a chance to accomplish something, and hence they argue that there is no use to put out a ticket, in a ward where they have little or no reason to look for success of their ticket In that ward. This would simplify matters some what. It will be some days yet be fore the Republican forces will be prepared to state what they-will do with any degree of positlveness. JACKSON WILL GO TO SAVANNAH ma TO-DAY,' "THE CONVICT'S REVENGE " . The Weather. Forecast for Charlotte i.na vicinity: Fair and cooler to-night.- Thursday fair. : . State Forecasts. For North and South Carolina: Part ly cloudy and cooler to-night. Thurs day fair. Moderate ; northwest to north winds. . . . Weather Conditions. An area of relatively low pressure covers the south Atlantic State's this morning. , and rain has fallen dur ing the past twenty-four hours over the Atlantic States and the lower lake region. Over the Mississippi and Ohio valleys and the Gulf States, fair weather has. prevailed, under the in fluene of an area ,of high pressure, central this morning over the upper lake region. - An area of low-pressure covers the southwest, and rain or snow has occurred over the Mis souri valley, Rocky Mountain and the plateau regions. Temperatures have fallen east of the Mississippi, and have risen over the central valleys. Indi cations are for fair, cooler weather in the vicinity of Charlotte to-night, and fair weather Thursday. W. J. BENNETT,. Observer. Greenville's Star of Last Year Asks to be Given Another Year in '311nor League Barr is Making Good. A prominent traveling man of Char lotte returned to the city this morning from Philadelphia, where he witness ed th eopening game between Boston and Philadelphia in the American League. He talks entertainingly of the immense crowds and the general interest of the opening contests, and most of all what he has to Tsay of Barre and Jackson, the two stars on the Greenville team last year in the Carolina League, will be read with concern by Charlotte fans. This gentleman states that Jackson will In all probability report to the Savannah team in the South . Atlantic League before the opening of-the sea son. Jackson has requested that he be given another year's practice in one of the minor leagues and Connie Mack is negotiating with the Savannah club. Barre is one of the favorites with the Philadelphia Athletes. He has not yet appeared In a game, but Mack is keeping him with a strong grip and he will no doubt be among the regu lars before the end of the present pea son. In all of the practice games in which Barre is being worked out on first base and this position he will like ly occupy when he is give na perma nent berth. Ward 9 Meeting To-Xlght. There will be another political gath ering of ward voters to-night at 8 o'clock, this time at Phifer's store, on South Tryon street. This meeting is called for the purpose of selecting al dermen and school commissioners from Ward 9 and a large attendance of voters is expected. - - Twenty-seven Americans corporationa have manufacturing plants in Hamilton. Canada. ...... sum i We call the. attention of the public especially to our fine line of CASTLE Hats and invite a careful- Inspection of our entire stock. We are, the only exclusive millinery establishment in the city, and carry a full line of Hats, trimmed and untrimmed, the material out of which to make and trim hats, the facilities for making and trimming them, the best experienced help to be had, and are pre pared, to suit everybody in style and price. A visit to 18 West Trade street -will convince you. '. v - - ; ; THE CHARLOTTE MILLINERY 18 WEST TRADE ST. MASONS STAND FOR OBEDIENCE TO LAW A Prominent Member of the Order Says That no Lottery Is Being Con ducted at the Masonic Bazaar. The following statement by 'Squire S. H. Hilton, , secured by a reporter this morning relative to the alleged raffling of a piano at the bazaar in the' Auditorium, and which is under stood to be seconded by a number, of Masons of the city, will be read with Interest: ' . "As a member of the executive com mittee of the Temple Association, w'e did "riot 'autKorize or instruct anybody to engage in any lottery or anything Illegal in the Masonic Bazaar, now being held in the Auditorium, and in speaking for the Temple Association I will say that they will not stand for anything illegal, and in speaking for the Masonsl know that they stand for obedience of law. "We are in full sympathy with the solicitor, who is a Mason, in seeing that no law is violated." The Chronicle was informed by Chief Christenbury this morning that he had investigated the matter and that he had found nothing to which he could make objection. m Of Interest To Free Masons and Their Friends The firm of Chas. M. Stfeff and their Southern Manager have donated a magnificent world renowned Stieff - Piano to the Masonic Bazaar to be held ' in the Charlotte Audito rium April 12, 13, 14, 15, 16,. 1909, Charlotte, N. C. . The money derived from this Bazaar will be used in the erection of a Masonic Temple, a building that will be a pride to every Mason in the Caro linas. " Don't you want this artistic Piano for your lodge, . your" home or' your frieind's home? Visit Charlotte during the Bazaar. "Reduced rates- on .all Railroads. x Address. . C. H. WILMOTH .. ... . . ' Ch. Music Committee Masonic Bazaar. . CHAS. Ml. STIEFF Manufacturer of the Artistic Stieff Shaw and Stieff Self player Pianos. " Southern Wareroom ' 5 West Trade Street Charlotte, Ht. C. C. H. WILMOTH, Mgr. E 1 11 11 i To sell the very best of Clothing and Gents Furnishings Procurable, but to see that a' man is correctly' fitteed and well pleased. Our big Stock of Clothing, Shirts, Neck wear and all the necessary "trimmings" for a real 4ressed-up-man---isj now being shqwn Jtbr your inspection. Call and see us before making your ' i - . pur XI 7T tr 11 III M K mill .er ... 38 EAST TRADE STREET (Cloth ing G Oo CHARLOTTE, N. C. CRLISEIi BIRMINGHAM LIMPS BACK INTO PORT. NEW YORK. April 14, The scout cruiser Birmingham arrived here yes terday with her machinery' disabled, having withdrawn yesterday from 'the 24-hour race with the Chester and fhe Salem. It is expected that the Bir mingham will put Into the -Brooklyn navy yard for repairs. She had com pleted less than twelve hours of the high speed run when she was forced to withdraw from the contest. Taft Will Spend Winters in Augusta. AUGUSTA, GA , April 14. Presi dent Taft announced to an Augusta lady at the White House that he would make this city his winter home In the future. j , HERE'S ANOTHER Red Springs,- N. C, V , r jril 7, 1909. c " Several years ago I was troubled with acute rheuma tism in my arm and leg, . which confined me to 'my bed for two months. Final ly I got so I could walk with a stick, and some friends ad vised me to use Mrs. Joe Person's Remedy. I took three bottles and it ' cured me. Since thenl have used it as a general family medi cine, and have always-found it a most excellent . Tonic and Nervine. ' Mrs. J. D. Callahan. MACE YSEC TIONAL BOOK CASES MAKE A NICE HOME FOR YOUR BOOKS y Macey Sectional Bookcases are the best that are made. They combine all the features that go to make up a perfect piece of furniture. Selected Quartered Oak or Solid Mahogany woods, Colonial or Mission style, and prices the lowest. ' We also carry a complete line in Office Desks and Macey Sectional Office Appliances. See our Office Furniture Department. r $5.00 'Arrived this week by express a big lot of Voile Skirts and Wash Skirts to go at special prices, about 25 per cent, below regular price. $7.50 Black Voile Skirt beautifully trimmed with satin and buttons for $5.00" Wash Skirts made of Striped Suitings with bias folds i . . . . . ... . ." . $1.93 . . . ' . ' -nt t ' 1 . I ' -I ll.' P II.. '- tH ff m V VVnite Xiinen -Jbinisn oKirts, wen maae ana oias ioias. . . r .jpi.vu oixmy 7 m iiier 39 East Trade Street. ry Q oods Oho) Charlptt IT. 0 I N - J
The Charlotte Observer (Charlotte, N.C.)
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April 14, 1909, edition 1
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