Newspapers / The Charlotte Observer (Charlotte, … / Dec. 29, 1921, edition 1 / Page 13
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THE CHARLOTTE NEWS, CHARLOTTE, N. Cv TJH UKSDA Y AFIERJNOOJN, DECEMBER 23, 1921. 13 FARMERS WILL OPERATESTORES Vorth Dakotan Thinks They Vill Drive Merchants Out of Business. .1... ! I'r.' ,. 29. Townspeople and list put themselves In an at making concessions or as an . i-ooporativo stores estab , nmbinatif-ns of farmers will drive Uu-nl merchants out usinoFS. John M. (lill?tte, of rrsity of North Dakota, told fis of w American Sociolog ,y at its annual meeting here it 1 a ' i7.a lions of farmers have sti'it'o ;ctve.'n city and loraUy recosnizeil by stu subject," continued Dr. uft on the bin mo is at vely to the farmers as no rights of self-protec-t always perceived that elements of cities have : as a profit-sotting: class and that the tendency e elements to present a lien ameliorative agricul ra is proposed or when upt co-operative enter- rars are right :i th-.-y reeeiv. iiertii'n of the in their an tin- proceeds o-uioe. then they have a . ; ..:-i'e both economically .v to protect their inter i; renu-mbcred that their - c'fons t-voke about as . :v as do their political at- many directions for farm ... vi'smen to take in their! aether, (lood roads are ' -itablt: Both sides have a ivsi in promoting: local They make nearby mar i.itaia kinds of farm pro-M-rvi? as the basis of diver- SOVIETS BANISH RELIEFWORKER Dr. Kishkin, Along With Others, Sent Into Exile to Totam. i Moscow, Dec. 29. Banishment to Totmn, a small village In Arologda province more than 100 miles from the railwa, is the penalty imposed upon Dr. X. M. Kishkin and nine of his associates on the All-Russian Commit tee for Famine Relief who were arrest' ed three months ago just as thev were prepar-nK to leave for England to en list foreign aid in the battle against famine. Maxim Gorky was a member of this committee. He has since left Russia and gone to Germany, to the intense displeasure of many Russians no al lege that Gorky gave his wo, l he would never leave Russia until his associates on the relief committee vcro released. Dr. Kishkin was Minister for Homo Affairs under the Kerensky regim.' and was several times mayor of Mo a cow. He war formerly a prominent leader in the Cadet party. Among the prominent Russians who are to suf fer banishment with him are Profes sor Prkopovich and his wife, who is known in public life as Catherine Ku kova. Osorgin. a journalist who was issu ing a relief journal for the committo, is also to suffer banishment. VANITY BOTTLES ARE 2,000 YEARS OLD London, Dec. 29. A consignment of eastern vanity bottles 2,0Ctj years old has just reached London. Some were found with mummies of Egyptian wo men of fashion; others came from a Roman tomb in Nazareth. They are stibium pots from the toilet tables of vanished beauty. Stibium is a preparation of nnely powdered antimony with which Egyptian women darkened their eyelids, and pencilled their eye brows. Tin e has made these little banitv bot tles very thin and iridescent. They shinf; with beautiful prismatic tints of right gold, green, blue, purple and red When thev arrived, they were fuli of desert sand. Held against the light, they show that a dark deposit has eaten its way into the glass; it is 20 centuries oiu eye paint. PLANS READY FOR NEWCOMERS EVENT Plates will be laid for about 250 people at the banquet of the Charlotte Newcomers' Club on New Year's night at the Chamber of Commerce, accord ing to Presidtnt H. L. Morrill of the club. Special guests of the Newcomers are to be Mayor James O. Walker, Presi dent V. J. Guthery, of the Chamber of Commerce; Business Manager T. T. Allison, of the Chamber of Commerce, ! and presidents of the Goodfellows. Rotary and Kiwanis clubs. A special musical program has been provided for the occasion, the program to include orchestral, and, vocal music, with solos, quartets and other types of music. The only time a fellow can't sleep late in the morning i3 when he does not have to get up early. RECORDS OF TWENTY YEARS WERE BROKEN Chicago, Dec. 29. Chicago's lakt borne commerce broke the records of 20 years in 1921 when 7S,37S,979 bush fls of corn were shipped to foreign markets, according to a report of Wil liam H. Clare, collector of the cus toms, made public today. More than 3,000 vessels, with a net tonnage of 5,821,981, cleared from the Chicago and Calumet river harbors dur ing the year. Duties collected on im ports totalled $9,426,2010.42, slightly more '.han a million dollars below the high water mark set in 1920. Raw silk led all imports with gum chiekle second Imports of the chickle were valued at $2,531,882. When neither a man's wife nor his food agree with him he becomes the quintessence of disagreeableness. EFFORT TO REDUCE COST OF FUNERALS St. Louis, Dec. 29. The Church Fed eration of St. Louis has taken steps to reduce the cost of funerals following receipt of a communication from the local presbytery calling attention to high funeral charges. The following passage was included in the communi cation: "When great grief comes no one is in a bargaining mood but wants the best." A committee of ministers ' was ap pointed to confer with a delegation of the St. Louis Undertakers' Association, which claims that '"undertakers do not fix funeral charges but take orders from relatives of dead persons." Speaking of color sheets, the sheets of a bed must show quite a little color these days where they come in con tact with her face and knees. SLIGHT INCREASE IN NUMBER OF SPINDLES Washington, Dec. 29. Active cotton spindles in November aggregated 34, 486,669 as compared with 34,221,646 in October and with 31,700,0X4 in Novem ber, 1 920, the Department of Com merce announced today through the Census Bureau. Based on an activity of 24 1-2 days for the month, the statement said, the average number ot spindles operated during November was 36.074.401. These included: Georgia 2,473,824; North Carolina 5, 138,730, and South Carolina 5,015,692. We are willing to bet our Christmas necktie against a Christmas cigar that there are more men who know what a camisole is than there are who know what a casserole is. ;r;'.:i ;row i chiefly over matters of country and town are ar s; each other, the question ..'jjjfji a o how they can compose heir duft : i vot s. The local merchant t'.t:i. I' i'.'iiin'f and other consum- ouM i'.itroni.e home industries iiuitp bitter over buying order houses. The farmer, s 'hat local prices of m, buys are too high and i.o rl!s. too low. iiit will be sensible and is a basis of compromise: p and farmers must put .v. the attitude of making . The farmers should not -.1 10 aci'itice all of their rov.i ic.iyir.e from mail order example, nor should they .-:;': !:u lvhants to meet the :' ?v.t-h huuo and efficient estab :. The merchant should be io ": prices and farmers to pav a ir.arc:n tor local convenience. :ive would appear to be in ,;K-HO:ori;vr: of co-operative stores ry fa- ners thot will ultimately drive veal v.err'v, !.!. out of business. The wonl'.l become managers of and s.vsir.e'i in -U' ii undertakings. This wsuM l'cir.ove the reason for strife." PI'S f.-nm max n tvvv.. ' :Y.c thine for thjnu -If l.etb. y'.n'"i' 1 nr i'PSS'.P''! c The .11-Rustian Committee for Fam ine Relief was dissolved several months ago on the charge that anti-Bolshevists abroad had intended to use the com mittee as a tool to overthrow the So viet regime in Russia. It was reported in September that four of its members. N. M. Kishkin. S. N. Prokopcvieh. Catherine Kukcva and M. Avark'ssoff, were about to 'je execut-jd. To save them, Michael Fe doroff, president of the tJnited Relief Committee of Russian Organizations in Europe, asked the British govern ment to intervene. Metropolitan Arch bishop Plalon of the Russian Orthodox church residing in the United States, issued an appeal at that time to the heads of all Christian churches im ploring them to make every effort to save the lives of the four former mem bers of the disbanded relief commit tee. George Chitcherin, the Russian Min ister of Foreign Affairs, soon after de nied that the four persons had been executed and said they were "quite safe."' nntt. FORTY INCH MODEL OF OLD BATTLESHIP Tr,a old-fashioned man who was al y? ?Afkiau a political pull has a n who is just looking for a pull a hip-peek'.-: flask. SzihpkOesz OneReasonWhy am&OBININE Acts On The Spot UBrS C B. Q. Tablets art bed by test. Try tias ample experiment: L Drp a C B.Q. Tablet b a gfest W clear water. 2. hrtaady tie uikt Veyix rfhiatrtraliBt r "fereaiimr op " 3. b II letaads tht medical properties an taorwyjr mixed with water. TV KTs C. B. Q. TalleU act home& Ufty. give reSef WitLsat delay mad begin tltduo (Mi ud La Cripjw Umg before wiaary li'rku, by actual tert, are ab tibti by the steaach juices. T prove labjtct tfW tiaa C. B. Q. Tablet! to the let, and obterrc tbit hi most bstaocM aa W or more is required for complete inatepitian. Dmaud C B. Q. TabJeU w nd Vn waxinj Mr. Kill's portrait aad aiguatare. At All Dmsgists30 Cents . . BILL COMPANY. DETKOrr Boston. Mass., Dec. 29. A 40-inch model of the United States Frigate Constitution, conforming exactly in every detail and proportion to the orig inal "old Ironsides" that is spending her last long furlough nestling against a deck in th'j Charlestown Navy Yard, j has been added to the famous collec tion ot miniature ships housed in the Old State House here. This little Constitution cost Lieuten ant Colonel, William F. Spicer of the Marine Corps eight years of work. And so faithfully, so patiently and so well did he build, that his model has been sailed on the ocean. The ship has been pronounced per fect in line, in sheer, in proportion, and in every detail of her intricate rigging. Colonel . Spicer used 675 blocks in making the tackle and 2,822 hitches in the ratlines. Two pieces of Mexican mahogany make the hull. The 44 guns are wooden, carefully chosen so that their weight would not be too great to permit the sailing of the ves sel. The upper works are of lighter wood, the sails are of silk, and every one is to scale. Colonel Spicer said he made the mod el because he "loved the old frigate." MONEY ALL SHOT AWAY AT RABBIT Paris, Dac. 29 The ingenuity of French peasants in- hiding money ha3 surpassed itself in the case of a man near L,orient who received IjOOO franc note and a 500 franc note in payment for produce. He hid them in the muz zles of his double-barreled shot gun, believing that would be the last place thieves would search for money. He made a mistake, however, in not taking his wife into the secret. A neighbor called a few days later, in the ! absence of the man of the house, and asked for the loan of the gun to get a hare. Thei hare escaped and when the peas ant came in that evening his wife re marked that, the neighbor must be a very bad shot. "Why?" the peasant asked. "Uecause he used both charges of your ?un on a hare without hitting it." "Ivly shat gun?" inquired the peasant with a gasp, at the same time making for the corner where the weapon hung. The civil court of the department qf Morbihan will have to decide the deli cate point of law whether the neighbor is responsible for the loss of the 1,500 francs. ,: hi mm ti You'd Be Proud Of This . Attractive Living Room Suite For sheer comfort and inviting hospitality, we have ytt to find an acceptable substitute for this handsome overstuff atI T.iviWrnnm Suite with cane back and sides M4a.ul Ait j Sr J at we are showing. Vou should come in and see the wonderful value this uite represents at the price we are asking. rskineR. Smith, Inc. CHARLOTTE, N. C. tha E M Jl Jflliy SIEl rv 1 A ' W T? hi ' iy GAROLEEN, N. G P n S per cent. Cumulative Preferred Stock Par Value $ 1 OO per Share The Henrietta Mills has authorized, to be issued January 1, 1922, 8650,000.00 of 8 per cent Cumulative Preferred Stock for the purpose of providing money to pay, without interfering with work ing capital, the last two instalments against the purchase, by the Henrietta Mills, of the Cherokee Falls Manufacturing Company, of Cherokee Falls, S. C. The Henrietta Mills has no funded debt, and no mortgage or other, lien can be placed on the property while this stock is out standing except with the consent of the owners of 75 per cent of this issue of preferred stock. In case of liquidation or dissolution of the corporation while any of this preferred stock is outstanding the holders thereof shall be entitled to be paid par value with any accrued 'unpaid dividends thereon out of the assets of the corpora tion, ahead of any other stockholders. Dividends are cumulative, and in the event of dividends on this preferred stock falling in arrears for two years the preferred stock shall have the same voting power as the common stock, until all accumulated dividends upon preferred stock shall have been fully paid. This stock is retirable at the option of the company at any interest date at $105 per share. ' It has been arranged for the 8 per cent dividend to be paid in four quarterly installments of 2 per cent each on the first day of April, July, October and January. This stock is exempt from North Carolina property tax and the dividends are exempt from normal Federal income tax, (and from North Carolina income tax). The Henrietta Mills was organized in 1887 and from that time has been one of the most successful and substantial cotton manufac turing companies in the South. The Henrietta trademark export brands are favorably known in every market of the world where American goods are sold, and they are now moving in a very sub stantial way. Their domestic goods and yarns enjoy an enviable reputation in the markets of the United States. The business was organized by -Mr. S. B. Tanner and his associates, and Mr. S. B. Tanner is now president and active head of the business. The Hen rietta Mills has never failed to pay dividends in any year since beginning operations. The Cherokee Falls Manufacturing Company, which will become a part of the Henrietta Mills upon the completion of this financing, was organized in 1882 by Messrs. J. C. Plonk and W. P. Roberts and associates, and has a record closely paralleling that of the Hen rietta Mills. Cherokee Falls has paid dividends every year except for the two-year period following the destruction of the plant by fire in 1S-D2. The properties of. the Henrietta Mills, consisting of Mill No. 1 at Henrietta, N. C, and Mill No. 2 at Caroleen, N. C, and also the property of the Cherokee Falls Manufacturing Company, stand behind this issue of preferred stock. All three plants are in the best condition, practically all of the early machinery having been replaced during the last five or six years with modern equipment. All three mills, located on Broad River, have valuable developed water powers which furnish a large part of their power, the Chero kee Falls plant being driven entirely by water and the two Henrietta plants by water power supplemented by modern steam plants and secondary power from the Southern Power Company. In Figures the Three Plants May Be Described As Follow: Henrietta No. 1 Henrietta No. 2 Spinning Spindles 26,700 48,416 Twister Spindles . c '. . 944 Looms 710 1,059 Acres Land ! 278 771 Operatives' Cottages : 176 218 Developed Waterpower, H. P 1,100 ' 800 Cherokee Falls 28,020 5,020 500 2,618 118 1,500 Total 103,136 5,964 2,269 3,667 512 3,400 The mill buildings are all approved slow burning mill construc tion, fully equipped with automatic fire protection systems, each mill has ample sprinklered warehouses, the villages are a source of pride in the sections in which they are located. The best school and church facilities are available and all the mills are notetl for the extraordi narily high class, intelligence and efficiency of their operatives, most of whom 'have been at these mills for years. Each cottage has a garden plot and the gardens are a source of interest and profit to the employees. On tax assesment valuation these properties are worth $3,405, 409.00. They are covered by fire insurance totaling $5,627,240.00. On a valuation of $30.00 a spindle, which mill experts consider very conservative for" these mills and far below replacement value, their value is $3,090,600.00, or nearly five times the par value of this issue of preferred stock. In addition to this the two mills showed as of Oct. 30 this year net cash assets, above all liabilities, of $689,461, or more than enough to retire this issue of preferred stock. As of the same date the surplus and reserve accounts, of the Henreitta Mills amounted to $2,220,779.00. The common stock of the Henrietta Mills, the only stock of the company other than this authorized pre ferred issue, is only $675,000.00, so it might be said that three fourths of all the plant investment and all the working capital have been provided from earnings, and in addition substantial dividends have always been paid. v We will have for sale the entire issue of $650,000.00 and 'offer, subject to prior sale, $200,000.00 of this issue at par, for delivery January 1st, 1922. deliveries made after January 1st, 1922, will be at par plus ac crued interest. ; ..... . We believe this to be the most desirable preferred stock ever offered by a Southern Cotton Mill. ; TO rr if RT3 CHARLOTTE, N. C. i SEE
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 29, 1921, edition 1
13
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