North Carolina Newspapers

t I Hie GUARANTEED THE ,ECOND PART Paes 91 6 vol. XXIII. 0" Charles M. Schwab No career in American industrial life has been more spectacular than that of Charles M. Schwab, says the New York Times. Born amid very humble t;i!ri';)i;nuings and self-educated, he was ir the age of 39 elected president of iy largest corporation in the world tii.. I'nited States Steel Corporation a't a .salary generally understood to be (iljuui.coO a year. in the steyel trust, Mr. Schwab is g, u. ;aliy considered as the representa tive ( i Andrew Carnegie, who holds o piior lien on the entire property of iu i-onvration in the $305,000,000 of aid to him for his Carnegie . . . i ; i- ik r r-i , i u'fi M;'ls- 01 wiucii ivir. Bcnwao wTas then pi ' shlent. In fact, there has been a wiuc-nread belief that one of the ton Virions attached to the sale of the Carnegie mills was that Mr. Schwab should become the head of the combi nation to lu- formed, in dates and facts Mr. Schwab's aveev may no very Drieny summarized. ...Mi: - i T-fc l l -i . i Jurn at lmambuui g, rn., reu. is, . . . . .... J-1 rt 4-4. rt ,3 .1 , : ; p. km pai cuts, ub aneuueu ;j ci ..miliary school until he was . :i yeais of age, and then began ;i:ig in a grocery store at $2.50 a ,. At eighteen he obtained work in l-Yigar Thompson steel works at lock. Pa., at $1 a day. at twenty-five years of age, was chief engineer cf the iad built the Homesetad He turned out of the Car i its first armor steel plate, e was made general superin- jf the Thompson mills, ana in directed both the Thompson Homestead mills. In 189G he cited a member of the board of I f crs. and in 1897 president of the . e;:ie,ste?I mills. He drew a salary .50,000, with an interest in the 'rant of business done by the com- j . i urn lunuwcu liic ciccLiuii l unc ee" trv.'st presidency in 1901, with the enonr.on.s salary. $iniv his election to the head of the steel trust, Mr. Schwab has been a Macular figure in both the social ami financial world. He has been very Jjijml with his money, and has spent wr-U ni ?ivpn nwav laree sums cf it. One incident of his liberality occur red last winter. A newspaper was rais ing a fund for certain relief purposes. Reporters from the paper were sent to solicit subscriptions. One reporter was assigned to see Mr. Schwab. He very reluctantly explained his mission to the steel trust president, whereupon Mr. Schwab promptly (Trew a. ioll of bills from his pocket and handed the re porter $2,500. Mr. Schwab took a trip to Europe last winter, during which time he was almost continually in the public eye. First, he went to Monte Carlo'. Ex travagant reports came back by cable of his winnings and losses at the gamb ling table. There was widespread com ment upon these reports, and it cur rently reported in Wall street though subsequently denied that J. P. Mor gan & Co., cabled to Mr.: Schwab in- KING EDWARD'S HEAD. It is of Average Size, Indicative of a Practical Mind. King Edward VII has not a large head, though it is rather above aver age size, and is indicative of a very practical type of mind. According to the Hatters' Gazette, his Majesty wears a 6 7-S hat; thus the circumference measurement where the hat is worn is 21 3-4 inches, and the measurement around the perceptives as nearly as possible 2212 inches. His Ma jesty'?; head is rather wide and power fully developed at the base of the brain and in the regions of the perceptive or gans. His leading phrenological or gans and those which influence his character the greatest are strong pow ers of observation, combined with large friendship, amativeness, benevolence, agrec-ableness, alimentiveness, com parison, imitation, sublimity, venera tion, hope, language and executiveness. His weakest organ is concentrative ne,ss. His Majesty is exceedingly warm hearted, friendly .adaptable, generous minded, -sympathetic, respectful, gal lant, polite, sensitive in his feelings and very companionable; is not largely factious, not over firm; has strong ap petites, is a natural sportsman and loves traveling and outdoor pastimes and pursuits. Intellectually he is very observant, tact-gathering, apt in perceiving com parisons, very inquiring, likes to en gage in big concerns; ' cannot tolerate meanness; is practical in his views and y ry impartial. His large ideality and 'Diimity give him an appreciation of J nat . is beautiful, sublime and magni-m-Pntly grand. He is fond of change j var'ety. He possesses good plan ting and executive powers, and is fair - intuitive, but not a first-rate judge lJi character ani j fir 'l- luuuvrs, aim liiuo 'as it. difficult to resist what seems to mm to ,p ihn , ii ... ..... .x. to be Of rt- n-iJJ.caillllg lilieiltlLUlO ""icis toward i M'enologist. him. The Popular tnr ' "unmer, an electrical inven-J teiPnh n' ceeded recently in wir?ip?amg seven kilometers by -his tireless method. 2n nSft P ' s mail is enormous. From Si pt8 et 'T letters and newspapers et the Vatican m received each day A tl J) Sad ; S3 quiring into the truth of the reports, and advising no mere gambling. The stories of the Monte Carlo winnings and losses thereupon ceased. When next heard of Mr. Schwab was in Vienna. He was accorded a most gracious reception by the emperor of Austria, and it was reported that the emperor wanted to see Mr. Schwab again, but, found it impossible to ar range it. Then the steel trust president went to London, and King Edward and he had a half hour's talk, the details of which were more or less fully reported. Another spectacular feat of Mr. Schwab was to purchase the lot at Riverside drive, Seventy-third street and west End avenue, formerly occu pied by an .orphan asylum. In a recent number of a New York weekly there was a picture cf this house, made from architect's designs, and it was evident from the pictures that this was to be the most gorgeous private residence in America. The entire investment, house and lot, was expected to amount to about $5,000,000. Since coming to New York to reside Mr. Schwab has has lived at the Waldorf-Astoria hotel. He has been fre qeuntly seen in the dining room there, giving elaborate dinners. He ha also been very much interested in automo mobiles and has made several cross country trips at a very hazardous rate of soeed. Mrs. Schwab was, before her marri age, Emma E. Dinkey, of Loretto, Pa. She and Mr. Schwab were married when he was 21 years of age. The two were playmates wThen children. The couple have done a large amount of entertaining since their life centered in New York. They are childless. Mr. Schwab was taken suddenly ill while driving at Atlantic City, where he has a country residence, cn July 26, His condition then was such as to very greatly alarm his family and friends. After a day of complete rest he was able to sit up, but for several days he was compelled to take his outdoor exercise in a roller chair. This illness of Mr. Schwab, it was currently reported gave premonitory symptoms of prostration. There was little need of medicine, and the doctors prescribed complete rest. A week later Mr. Schwab went to Pittsburg. Since "then there have been almost daily re ports that Mr. Schwab was about to retire. SCHWAB'S ADVICE TO YOUNG MEN ON HOW TO SUCCEED. First Be honest and straightfor ward. Second Don't get a job through in fluence. No true success is built on the influence of others. Depend on your self. Third Do what you are employed to do better than any one else employed about you can. do it. Pro'moticn will surely follow. Fourth Be interested in what you are doing, and don't watch the clock for quitting time. Be too absorbed in your work to know what time of day it is. Fifth A college education is not necessary for a successful business career. Sixth Work! POINTED PARAGRAPHS. (Chicago News.) A cat, never cries over spilled milk. A man has to learn to like babies and eat olives. Dyspepsia sours a lot of the milk of human kindness. Money and poor relations are the two roots cf some evils. When poverty looks in at the win dow love vacates the roost. Occasionally a girl marries her ideal, bue he soon outgrows it. It takes the plowshare of effort to open the furrow of success. Selfish people ?;2ver laugh unless they can do so X''the expense of oth ers. Often the spirit of perseverance strikes a man hardest when he is in the wrong. Death may not be contagious, yet when a man dies politically his rail road pass also expires. Some men frankly admit they can't sing, but the man never lived who didn't-think he had a keen sense of humor. Marks Of Distinction. An untown4 reader tells of the "break" made by a little tot of the family who was one of a party of little girls at. a recent strawberry festival in the vicinity of her home. She had been valiantly boasting of the manifold advantages of belonging to- her family, and had managed to hold her own against the vainglorious and ingenuous discourses of her companions. They had gone from clothes to personal ap pearances, then to interior furnishings, then to the number of tons consumed in the home of each during the last winter and finally brought up at paren tal dignity. The minister's little girl biasted: "Every package that comes for my papa is marked 'D. D. !' " "An' every package that comes for my papa is marked 'M. D.!'" retorted the daughter of a physician of the ' neighborhood. Then came a fine short of contempt from the heroine of this anecdote. "Huh!" she exclaimed. "Every pack age that comes to our house is marked 'C. O. D.!' There, now" Philadelphia Times. LARGEST CHARLOTTE, N. C. SATURDAY EVENING, AUGUST f ff f WEALTH WHICH MORGAN HAS A VOICE IN CONTROLLING. I The properties in which J. P. Morgan & Co., are interested, either I fa rough control, through membership on their boards, through financing 4 them or by reason of acting-as their fiscal agents, says the New York I I World, are, with their capitalizati on, as follows, according to lists furn- f I iShed by the financial agencies: ' I I SHIPS. Atlantic Steamship Co ..$170,000,000 4 RAILROADS. Northern Securities Co . . y Northern Pacific 400,000,000 333,000.000 22,000,000 2C6.000.000 320,000,000 170,000,000 300,000,000 350,000,000 175.000,000 4BO.000.000 2,000,000 15.500,000 Great Northern T Burlington A i Reading I Louisville & Nashville .. Southern. . . . . . I Erie Leh igh-- Valley 4- Atchison British Electric Traction 4- Moncn . , I Plant System 25,000.000 T New York Central 235,000,000 J N. Y., N. H. & H 100,000,000 I Hocking Valley 15,000,000 International Traction . . 10,000,003 Total $3,088,500,000 INDUSTRIALS. t United States Steel Cor. .1,400,000,000 1 American Can Company . 88,000,000 I Northe American Co 12,000,000 4-General Electric 50,000,000 Goods Company. -f U. S. Rubber Company . . J Pullman Company TAd?ms Express Company j Niagara Falls Power Co. 52,000,000 74,000,000 24,000,000 10,000,000 Coal Trust 100,000,000 Salmon Cannong Trust 30,000,000 155,000,000 3,250,000 Amalgamated Copper Co. Keystone Watch Case Co I Total .... ..$2,022,250,000 t BANKS. I National City 40,000,000 First National 20,000,000 Bank of Commerce 20,000,000 f 4 f 4- r i f 4 I is 1 V" - Jf 9 v. f. r-A 4 MISS CATHLEEN NEILS0N, WHO IS TO MARRY REGINALD VANDERBiLT. The most important society event scheduled for the early winter will be the marriage of Reginald Vanderbilt to Miss Cathleen Neilson. Young Mr. Vanderbilt is just twenty-one and is the youngest son of the late Cornelius Vanderbilt. Miss Neilson is of the famous Gebhard family. She is not only a beauty and an heiress, but she brings to the Vanderbilt family the social prestige of Knickerbocker ancestry. Premiums On Gold Dollars. The United States gold dollar is so scarce , that dealers in old and rare coins are advertising everywhere for them, offering from $1.50 to $3 apiece for as many as they can get. Since 1889 the United States mints have not coined any gold dollars. Since then their value has increased steadily. In the mint in this city, where the dies for all United States currency are made, a reporter was yesterday-given the present value of a gold dollar of 1889 Those marked C (Carson City) are worth" from $1.70 to $2.50. Those mark ed D (Denver) are worth from $2 to $2.50; those marked S (San Francisco) are worth from $2 to $3, and those without any mark, indicating they were minted at Philadelphia ar worth from $1.50 to $1.70. Philadelphia Times. OIEQUL AT Standard Trust Company $1 00,000.000 T Chase National 4,000,000 1 N. Y. Sec. & Trust Co . . . 1,000.000 I Guaranty Trust Company 2,000,000 Total S18J.000.000 MISCELLANEOUS. West. Union Tel Co. Pacific Cable Company . . Mexican Telegraph Co. .. N. Y. Life Insurance Co.. Mutual Life Ins. Co Harper & Bros Met. Opera & R. E. Co.. Madison Square Garden.. Associated Merchants' Co Aetna Fire Insurance Co., West Shore and Ontario Terminal Co., Jessup & Moore Paper Co., Lehigh Valley Transportation Co. Missouri Railway Cons truction Co., New York Standard W7atch Co Penn sylvania Mutual Life In surance Co. Bank of Sav ings, Cataract Construc tion Co. Com. Union Assurance Co., Commer Union Fire Insurance Co. Niagara Developing Co., North British & Mercan tile Life Insurance Co. of London and Edinburgh, North British and Mercan tile Insurance Co. of New York. Outing Publishing Co. and scores of smaller corporations not yet Mor- 97,000,000 I 10,000,000 2,000,0001 200,000,000 353.000,0-CO 4 3,500,000 I 3,250,000 i 2,000,000 -f 20,000,000 T 1 ganized into a trust .' 200,000,000 Total .. ...$9S0,750,000 -f Grand total .$6,448,500,000 a '--1 X m v. y SIT? An Agricultural Simile. The members of the Amish, a pecu liar religious sect, mostly agriculturists notes the New York Tribune, are very numerous in Lancaster county, Pa. An orator sought to impress a gathering near Paradise, in that county, with his logic, bringing himself down to the level of his listeners by a claim of rural birth. "Why, I was raised between two hills of corn," he declared, "and God's sunshine has ever shone upon me." For a moment there was a pause, and the politician, fancying he had made an impression, was about to continue his harangue, when a big Amishman in the rear of the hall interrupted: "A pumpkin I know what he means." Before the Siberian railway was available, a trip from London to Shanghai cost from $325 to 2.75. Now it can be made for from $65, third class, to $160, first class. 1 4 ION IN 30, 1902. J Pierpont Morgan When J. Pierpont Morgan was a student at Heidelberg University, 'he developed such an extriordinary apti tude for mathematics that he was of fered a professorship in that science at the time of his graduation. His father wanted him to continue the fortunes of the great banking house, and the cap and gown lost a shining light. It is told that a short time after Morgan had left college a friend met his father and asked how the boy was getting on. "Why that boy will break the whole world one of these days," replied the eider Morgan. In the unpretentious corner office at 23 Wall street, where the firm of J. P. Morgan & Co. sits in control of the finances of many of this country's industries, the extravagant prediction of the elder Morgan is never thought of. The whole world already looks to that office for its cue whenever, any transaction involving millions-wheth-er it be a war or a coal strike, an amalgamation of steamship and rail road lines or the financing of a bank rupt kingdom is up for discussion. TWELVE PARTNERS IN FIRM. There are 12 partners in the firm and 11 of them look after details of the great schemes which have given to the language a new word, "Mor ganizing." There is only one Morgan on whose life English investors and speculators take out insurance poli cies paying 9 per cent, premium. The amount of capital under con trol from the office at Broad and Wall streets is perhaps greater than the total amount of gold coin in the world. It represents such wrealth and power as never before was centralized in the hands of one man. Seven of the twelve partners in the firm of J. P. Morgan & Co. are direc tors in one or more of the great cor porations or trusts which mark this era of centralized capital. The mere list of these companies in whose af fairs no move can be made without consultation at 23 Wall street inspires the deference due from a dollar to a million dollars. But there are vast combinations of capital, unions of powerful corpora tions vhose affairs are being handled by J. P. Morgan & Co., in whose di rectorate no member of the firm ever . "Papa, what is 'inertia'?" "Well, if I have it, it is pure laziness, but if your mother has it, it is ner vous prostration." "Is the manager up-to-date?" "Up-to-date! Why, he's just intro-1 duced a game of ping-pong in the bal cony scene in 'Romeo and Juliet'!" The Maid I see they have now a "Woman's Dictionary." Do you suppose it differs from any other? The Brute Probably has more words in it. She Do you love me for myself alone, dearest? k He Of course I do. You don t sup - pose I want your mother about you all the time, do you? Day Has old Timelock forgiven you for eloping with his daughter? Weeks Forgiven me? I haven't ask ed him since I discovered he ordered the carriage in which we ran away. It is discouraging, to say the least, to a young man who has been tenderly nursing a few straggling hairs on his upper lip for three months to have his girl say: "Oh, Charley, why den't you let your mustache grow?" Tourist (after unusually long stop page at small border station) I say, guard, why aren't we going on? Any thing wrong? Guard, (who is peacefully taking his lunch) There's naething wrong, sir, but I canna whustle the noo; ma mouth's fu' o' biscuits! IN KENTUCKY. "He called me a liar," said the col onel, telling a story "And what did you do?" inquired a listener. "Um-er," hesitated the colonel, "I in creased the mortality rate in his coun ty." "I trust, Miss Cutting," remarked young Borem, as he rose to depart after a prolonged stay, "that I have not taken up too much of your valuable time." "Not at all, Mr. Borem," replied the fair damsel; "the time you have taken up has been of no value to me what ever, I assure you." Then he went forth into the night and wandered homeward wrapped in a heavy mantle of thought. A FUND Ol THE CITY ixteee P a 2: e s NO. 5351 an sits. They are known as Morgan companies. The members of the firm of J. P. Morgan & Co. are his son, J. P. Mor gan. Jr.,; George C. Thomas, Edward F. Whitney, James W. Paul, Jr., Ed ward H. Robinson, Edward T. Stotes bury, Robert Bacon, Temple Bowdoin, William Pierson Hamilton, Charles Steele, George W. Perkins and J. Pierpont Morgan. FIVE NOT IN MORGAN BOARD. According to the public records, no one of the five first named sits as a director in a corporation. Temple Bowdoia is named as a director only the Chicago, Indianapolis and Louis ville Railroad and the South Carolina and Georgia Railroad Company, but George S. Bowdoin, whose office also is at 23 Wall street, has an active hand in the direction of a dozen great corporations as a member of the boards of directors. William Pierson Hamilton, another partner, appears in the financial di rectories only as a director or trustee in three companies, the National Tube, the North British and Mercan tile Insurance Company of London and Edinburg, and the North British and Mercantile Insurance Company of New York. Even George W. Perkins, to whom the detail of the great coal strike was referred by Mr. Morgan when Bish op Potter broached the subject of a settlement on their recent trip across the Atlantic together, is named as a director in only four companies. But the remaining partners could spend their entire time attending di rector's meetings, had they no more important use for their business hours. Morgan .& Co. are interested direct ly or indirectly in a great many of the leading concerns of the country. The total capitalization of such prop erties is estimated at $6,448,500,000. Beside this vast sum. other great accumulations look small. The gold coin and the gold certificates in the United States Treasury only amount to about $550,000,000, and yet this is unprecedented. , All the gold coined and uncoined in the whole world is estimated at $4, 881,000,000. - The - total number . ot, human .beings, in the world is estimated at 1,320, 000,000. . ' The public debt of the United States 30, 1900, was $1,107,711,257. The entire revenue of the forty three principal nations of the world for the year 1900 was $5,888,382,563. fliU When you see a young woman mak ing a fuss over a widower's children, it's a sign that if she doesn't soon ac quire a right to correct them it won't be her fault. A. That woman who just went out is the partner of your joys and sorrows, I suppose? .:B She's partner to my joys all right, but when it comes to my sorrows she slips over to see her mother. The latest device of girlkood is a fancy for stuffing pillows with their old love-letters. There is one thing about the contents of these pillows , that can be departed upon with a ; sure to be soft. Ma You promised me before marri age that you wTould use every effort to make yourself worthy of me. Pa I know I did, and the result was that I overdid it and made myself bet ter than you deserve. CONDITIONS. City Man. (looking for summer board) What are the meteorological conditions in this neighborhood? Farmer Oh, they're all right. They ain't no meteors fell in 15 years. Jcnes Brown is an unlucky dog. Smith How's that? Jones His object in marrying was to get out of a boarding house. Jones Now his wife is running one to support the family. CASABIANCA. The boy stood on the burning deck, Playing ping-pong in the wreck; His father called -him, but he would not go, Because he loved the ping-pong so. THE TROUBLE. Roan What's the matter with the mare? Sorrel She's mad because she thinks her hat isn't on straight. BEHIND THE TIMES. "What is it?" he asked breathlessly. "A runaway horse?" They looked at him in derision. "A runawray horse? No! a balky automo bile." A GOOD IMITATION OF SUCCESS, Frederick rPoor Felix, he is a sad dening failure! Eugene Failure? He has got near ly through life without ever doing a day's work. MOR