Newspapers / The Charlotte Observer (Charlotte, … / Jan. 8, 1907, edition 1 / Page 1
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THE MEWS- THE ONLY EVENING ASSOCIATED PRESS NEWSPAPER IN CHARLOTTE. ESTABLISHED 1888 V CHARLOTTE, N. C, TUESDAY EVENING, JANUARY 8, 1907. PRICE: 5 CENTS Nine New D ec tors Senator Overman Made Strong Argument for the Rights of States Added to Merchants Aaid Farmers9 Bank Southern States T rust Company Changes its Name to American Trust Company and In creases its Capital. Mr. H. M. Ale Aden Elec ted President of First National to Succeed Mr. Frank Gilreath, Resign ed. The annual meetings of five Char lotte hanks today indicate the pres ent prosperity of the city. The First National elected . Mr. H. M. McAden president to succeed Mr. F. Gilreath, resigned; the Southern States Trust is considering doubling its capital .-tock and changing its name; the Merchants and Farmers added nine new directors and increased its sur Tlus to $100,000, and the Charlotte National re-elected its old board and cfficials. The Commercial National latified its recent action in increas ing the directorate and re-elected the eld officers Messrs. R. A. Dunn, pres ident; W. E. Holt, vice-president; A. G. Brenizer, cashier, and A. T. Sum-li-ev teller. ( The surplus of the Merchants' and Farmers National Bank was increased to $100,000, from $S0,000, and nine new directors were added to the board this morning at the annual stockholders meeting. The directors are the follow ing: W. L. Bruns, of Garibaldi & Bruns, jewelry and diamond mer chants; C. B. Bryant, of Jennings & Bryant, Southern agents for George H. McFadden & Brother; W. F. Dowd, president Charlotte Pipe and Foundry Company; J. M. Harry, or J. m. tiarry & Company, undertakers; O. P. Heath, capitalist and cotton merchant; Vin ton Liddell, capitalist; W. G. McLaugh lin, farmer and member of the firm of McLaughlin & Wallace, merchants, Sardis; D. E. Rhyne, capitalist and proprietor of the Lincoln Mills, South side and Laboratory Mills at Lincoln ton; S. M. Robinson, secretary and treasurer and general manager of the Lowell Cotton Mills and. Peerless Man xrfacturing Company, at Lowell. The five old directors are: W. H. Belk, ofBelk Brothers department stores; J. H. McAden, secretary and treasurer and general manager of the 'Continental Manufacturing Company; John B. Ross, president of John B. Ross & Company, (Inc.) manufactur ers of cotton bagging; J. H. Wearn, of J. H. Wearn & Company, wholesale lumber dealers and general contrac tors; and George E. Wilson, president. These were all re-elected. In this list of old and new directors several milion dollars worth of capital is represented, and it includes some of the most influential men in this sec tion of North Carolina. The report of Mr. George E. Wilson, president of the bank, showed that the past year had been the most prosper ous one that the bank had ever experi enced since its organization 35 years ago. The profits showed a handsome increase over the previous year and in dividual deposits showed an increase of $103,000. During the year a savings department was added, it being thefirst national bank in the State to take this progressive step. Since then a number of national banks in the State have added this feature, several of them daopting in toto the system installed by this bank. The stockholders were very much pleased with the success and future prospects of the savings department, claiming that it had pros pered better than they had anticipated. Upon the adjournment of the stock holders, the directors went into ses sion for the election of officers for the ensuing year. Mr. George E. Wilson was re-elected president; Mr. John B. Ross, vice-president; Mr. W. C. Wilkin son, cashier; Mr. Hamilton W. Wilson, teller; Messrs. J. W. Simpson and H. M. Smith, bookkeepers; Miss Fannie Andrews and Messrs. R. R. Fitcher, J. M. Long and Connors Myers, clerks, and Messrs. Burwell & Cansler, at torneys. In the increase of the surplus fund $80,000 to $100,000, the sum of $5,000 was left standing to the credit of pro fit and loss account. This fund was first increased. from $40,00 to $80,000 at the semi-annual meeting in July and in another six months, to $100,000. During the year $20,000 was paid out in dividends, or ten per cent, on the cauital stock . Changes Its Name and Doubles Its Capital At the annual meeting of the stock holders of the Southern States Trust Company, which began at 3 o'clock this afternoon and which is in session as The News goes to press, there is a good deal of discussion in pro gress as to changing the name of the company, and the name most favor ably considered, and which in all probability is likely to be adopted, is that of the American Trust Com pany. Next to the consideration of the question of doubling the capital ttock, this is the most important matter coming before the stockhold ers. ; ( The change of name becomes ne cessary in ' connection, with the en largement of the company and the broadening of its field of operations. As is -generally known, too, there has existed confusion all along in the similarity of the name with that of the Southern Real Estate, Loan & Trust Co. and the Southern Loan and Savings Bank. The present name, too, is too much localized. The important matter of increasing the capital stock is being considered. The present capital stock is $200,000 and it seems altogether likely that It will be raised to $400,000. There was an increase to the present capi tal stock abut three years ago, at which time it was doubled. Still a third feature Of the meetiner will be the creation of a new vice- presidency and the election of an other vice-president to fill it. The presfnt officers of the bank are George Stephens, president; Capt. T. S. Franklin, vice-president; W. H. Wood, treasurer, and J. E. Davis, as sistant treasurer. The bank has had almost nhenom- cnal success since its organization," and the meeting today proves that it is still gaining ground and keeping pace with the progress of the city. Messrs. Eugene Holt and Jas. N. Williamson, Jr., of Burlington; J. E. Sherrill, of Mooresville; Dr. J. P. Munroe, of Davidson, and J. F. Can non and A.. J. Yorke, of Concord, are in the city today attending the meet ing. Charlotte National Re-elects. Old Board At the annual meeting of the stock holders of the Charlotte National Bank held at -noon to-day the old officers and directors were all . re-elected. The directors are as follows: B. D. Heath, J. M. Scott. H. N. Pharr, C. F. Wads worth, Vinton Liddell, C. Valaer, R. H. Jordan, The work of the institution for the year was reviewed and the bank starts out upon the year with the fairest prospects. At the meeting of the directors fol lowing the stockholders meeting Mr. B. D. Heath was re-elected president; John M. Scott, vice-president; W. H. Twitty, cashier, and F. H. Jones, assis tant cashier. During the year the bank paid out in dividends, $12,500 whih is 10 per cent of the capital stock. Mr. H. M. McAden in His Father's Old Place Mr. Frank Gilreath' having declined to serve as president of the First Na tional Bank any longer on account of the pressure of other duties, the direc tors of this institution this morning unanimously elected Mr. Henry M. Mc Aden to that position. In refusing re election Mr. Gilreath thanked the offi cials of the bank of their confidence and stated that he appreciated the honor they had conferred upon him. The meeting of the stockholders of the bank was held this morning at 11 o'clock in the . banking rooms of the building. Major A. F. Brevard, of Lin coln county, was elected chairman and Mr. E. S. Pegram, secretary. The re port of President Gilreath showed that the institution is enjoying an un usually -prosperous business and sub stantial growth. - The following directors were re elected: Messrs F. D. Alexander, G. W. Bryan, J. C. Burroughs, Frank. Gil reath, J. S. Myers, Henry M. McAden, B B. McDowell, W. B. Rodman, T. W. Wade, and Chas. A. Williams. Upon adjournment the board of di rectors met. After the election of Mr. McAden as president, Mr. George W. Bryan was re-elected vice-president and Mr. H. M. Victor and Mr. John F. Orr were re-elected cashier and teller, The standing of Mr. H. M. McAden in the business world clearly indicates that the directors of the institution have made no mistake in placing upon him the duties of the presidency of the bank. Mr. McAden is now presi dent of the Piedmont Insurance com pany, as well as the McAden Mills at McAdensville. He is also connected with several other prominent business enterprises of this sestion. His fath er Mr.. Rufus Y. McAden, was presi dent of this bank ior zz yeait,, uun which period the institution prospered greatly being interested in financing several railroads, among these were the Spartanburg, Union ana oiuuima, and the Atlanta, Tennessee and Ohio. There is every reason to believe that during the incumbency of his son, who inherits all the splendid business char acteristics of his father, the Frist Na tional Bank will eclipse all farmer records. - . ... ,. . The career of this institution has been one of marvelous prosperity. Or ganized and starting into business Sep tember, 11, 1865, with Captain John Wilkes, as president, and Mr. Thom as W: Dewey, as cashier, the record of the bank has evidenced a substan tial growth every succeeding year. It was the first institution of its kind in the South to apply for a national rharacter The bank began its, life with a caoital stock of $50,000, increas ing to SL25.000 within a few months after formal opening and about a year later another order was issued increas ing the capital to $250,000. Shortly thereafter the stock was raised to $500,000 where it has since remained. The capital stock of the bank today is $300,000 with $221,608.25 in surplus and profits. i First Presbyterian Church Reception The First Presbyterian Church re ception will be held this evening in the parlors of the church and the entire congregation is invited to be present. , A Mysterious Murder Case One of Most Mysterious Tragedies Ever Occur ring in Northwest was That of Dr. Phillip Ed wards Johnson. By Associated Press. Portland, Oregon, Jan. 8. The mur der of Dr. Phillip Edwards Johnson, a physician recently arrived here lrom New York, is one of the most mysterious tragedies that has oc curred in the Northwest. Mrs. John son is a daughter of the late Gover nor Hoadley, of Ohio. Dr. Johnson was son of Archdeacon Johnson, of Staten Island. ' Last - evening Dr. Johnson left his wife,'- intending to . call upon . one" of the State medical examining board. On the way he called upon his cousin, W. C. Alvord. A short time after leaving there Johnson's mangled body was found in Jefferson street, 117 feet below the bridge. His pockets ha? been turned in side out. His empty pocketbook and keys were found on the bridge above There was no evidence of a struggle. N. C. HAS BEEN CHEATED. Governor of South Dakota Says Money Collected From This State Should Be Returned. By Associated Press. . Pierre, S. D., Jan. 8. Samuel H. Elrod, retiring governor of South Da kota in his farewell message severely assails the North Carolina bond deal, by which South. Dakota collected $25, 000 from the Southern state on pa per which had been repudiated. He says South Dakota has no moral right to the money. The message urges the legislature to pass a bill returning the' money to North Carolina. RESPONSIBILITY FOR WRECK. At Beginning of Sixth Day it Seems That Jury Must Decide Matter of Who is Telling the Truth. By Associated Press. Washington, -Jan. 8. With the be ginning of the sixth day, Coroner Nevitt's inquiry to determine the re sponsibility for the Baltimore and Ohio wreck at Terra Cotta, looks as though the jury must decide between the testimony . of Operator Dutrow, of Silver Springs, who says he dis played a white signal and Engineer Hildebrand of the "dead" train, who testified be was given a double green light. A COLD WAVE. Coldest Weather in History of Ma nila Now Experienced. By Associated Press. Manila, Jan. 8. A cold- wave '.is sweeping over Luzon and adjacent islands. The temperature at Manila is 55,6, at Bugio, capital of the prov ince 'of Benguet, is 30. This is the coldest weather in the history of Manila. , Panama Canal Affairs. By Associated Press. Washington, Jan. 8. The terms of the proposed contract for the con struction of the Panama canal on which the commission "invited bids was considered by the Senate com mittee on interoceanic canals. .. The members of the committee -agreed unanimously to support the bill by Senator Morgan to place the affairs of the Panama Railroad under tne Isthmian Commission and thus have allMhe government's affairs on the Isthmus under one head. HE WILL BE SAVED! MAIL CAR AFIRE. Mail Clerk Has Narrow" Escape Dr. Lingle Undecided. Special to The News. Rock Hill, S. C, Jan. 8. A combi tion mail and express car caught fire this morning on the track near depot and came very near scorching the mail clerk who was sleeping in the car. Some of the mail did get scorched. The fire company got on the grounds and soon had; the fire under control, though the ' car was damaged pretty . badly. , Dr. Lingle, who has been called lo the First Presbyterian Church of Atlanta, said last Sunday morning at the morning service that ihe hoped patient with him as he had not yet come to a decision relative to his call to Atlanta, but that in a few days he would let them know. Machinery at the bagging factory of Messrs. T. L. Johnson and J. B. Creighton is being installed and they hope to be ready for business shortly. NAVAL AND MILITARY DISPLAY. Nearly all Foreign "Countries .Will be Represented at the Jamestown Exposition. ' . By Associated Press. . Washington, Jan. 8. In response to the 'request transmitted to other governments by the State Depart ment at the instigation of the Navy Department, nearly all , the foreign countries have accepted the invita tion of the1 Jamestown Exposition Company to be represented by a mil itary or naval display. It is expected that a full list of the countries which will be represented together with the exact names of the vessels as vrell as a number of army officers comprising the various delegations will be completed in a short time. Presidential Nominations. By Associated Press. Washington, Jan. S. The President rent the following nominations to the Senate today: Collectors of Customs George A. Alba for the district of St. Augus tine, Fla.; Antoine J. Murat, district of Apalachicola, Fla. Postmasters Alabama, C. Hays, Jr. Eutaw;, N. C. Fuller at Centerville. Georgia N. F. Brimberry , Albany; j F. P. Mitchell, Americus; J. B. Craw ford, Cairo; A. B. Sharp, Jackson; C. E. Head, Tallapoosa. North Carolina rW. J. Flowers, ' Mount Olive. South Carolina B. H. Massey, Fort Mill; J. P. Bodie, Leesville; L. S. Powers, Prosperity. Tennessee L. Williams, Oliver Springs; W. F. Millicam, Rockwood; Annie E. Mar tin, Waverly. The Shah Is Dying. By Associated Press. Teheran, Jan. 8. The Shah, is dy ing. Ministers have been summoned to the palace. Fell 21 Feet, Died hater Carpenter a t Durham Died This Afternoon From Effects of Injuries Sustained in Fall From Building Yesterday. Special to The News. ... . Durham, N. C, Jan. 8. James A. Henderson, a capenter, died today shortly after 12 o'clock from the result of a fall received from the factory of the Virginia-Carolina Chemical Compa ny in East Durham. - He fell from a scaffold on the side of the building to the ground, a distance of 21 feet, landing directlr on his head. Death resulted from concusssion of the brain. . From the time he fell to the moment of his death he never regained con sciousness. He is survived by a wife and two children, also a father, who lives in Danville, Va. Caucus To Be Held To-night Democra tic Legi slators Will Meet To-night and Elect Speaker. Hot Con test Between Three Candidates. By Bell Telephone. Raleigh, N. C, Jan. 9. The mem bers of the legislature are coming in on all trains and it is thought that a full attendance will mark the opening sessions tomorrow. The Democrats will hold their cau cus tonight in the halls of the legisla ture and a speaker will be chosen. The Republican members will also meet in caucus tonight in the ; Senate chamber. The situation . in the speakership contest islittle changed from yester day and it is impossible to forecast the outcome. The friends of the three leading candidates, Murphy, Dowd and Justice, claim victory for their respec tive candidates. - At the opening session tomorrow the program will be merely the swear ing in of members and the election of officers. On Thursday the message of Governor Glenn will be read. The Governor will ask a joint session of the legislature .and senate called that he may be permitted to read his message himself. It is probable that this will be granted and if so it will be some thing new in this State. . A special branch postoffice will be provided in the capital building for the members of the two bodies. There is only one other State in the Union which has this privilege, it being New York. The High Point Veneer and Panel Company, of High Point, was today granted permission to increase its capital stock from $50,000 to $125,000. J. A. Clinard is president. The Edgecomb Publishing Company,! of Tarboro, was chartered at a capital of $10,000 by L". L. Station and others. WANT SUB-TREASURY. Hearings Began This Morning Before House Committee Delegation Pres ent. ' - By .Associated Press. Washington, Jan. 8. Hearings on the location for the new sub-treasury in the Southeast began before ; the House committee on ways and means, with large delegations, representing Atlanta, Savannah, Birmingham and ether Southern cities in attendance. John Temple Graves and Joseph A. McCord, presented the claims of At lanta; A. R. Lawton spoke for .Sa vannah and former Governor Joseph Johnson, of Alabama, urged that Bir mingham be given the sub-treasury. PRINTERS MAKE -DEMAND. Union Printers of Norfolk Demand a $3.50 Per Week Increase of Wages, With Same Hours. By Associated Press. Norfolk Va., Jan. 8. The union printers of Norfolk have made a de mand for an increase in their wage scale of $3.50 per week, this includ ing job printers, newspaper handmen, machine men, foreman, floormen and machinists. The increase demanded is to date from March 26th, and is based on the increased cost of living. The working day is to remain at qight hours. THE SHAH'S CONDITION. Takes Decide Turn for the Worse. Today. . , By Associated Press. Teheran, -Jan. 8. The Shah's ill ness took a decided turn for the worse today. At- 2 o'clock this afternoon he was declared to be in a critical condition. COMMISSIONERS BUSY. County Treasurer Walkr Submits ; His Annual Report Total Disburse ments. t -. - - The board of county commissioners have been extremely busy today try ing to complete the work remaining from the session yesterday. The re port of Treasurer H. J.- Walker, cov ering the receipts and disbursements for the year beginning Dec. 1st, 1905, and ending Nov. 30th, 1906, will be submitted to the board before ad journment. The total disburse ments are as follows: Assessors and list takers, $944.42; books and stationery, $430.05; clerk of board of county commissioners" $99.05; contingent, $70,094.40; con victs, $43,119.18; coroner and post mortem, $240.10; county commission ers, $635.90; county coupons, $18,000; county jail, $5,317.38; county physi cian, ?600; county treasurer, $2,144; courthouse, $2,852.30; deaf, dumb and blind, $138.31; finance committee, $149.35; insolvents, $332.82; lunatic, $73.16; poor and county home, $7, 777.19; colored poor and county home, $2,853.89; printing and advertisement, $287.01; registration and elections, $4,638.80; roads and bridges $2,330.23; smallpox, $302.16; superior court, $8,071.69; unclaimed fees, $2.80; board of pensions, $8; total dis bursements, $168,167.28; cash on hand, $11,160.42, leaving a balance of $178,327.70. This report has been in the hands of the board since yesterday after noon, but numerous other matters demanding attention has prevented an examination by the members of the board. It will be given attention this afternoon. The board this afternoon drew the following jurors for the February term of criminal court: First Week W. G. Lake, E. C. Hoover, B. F. Wolfe, G. A. Potts, E. H. Davidson, J. M. Alexander, J. H. Griffith, Rich ard Stewart, J. M. Cross, W. A. Blatton, R. C. Freeman, W. T. Hous ton, C. B. Flournoy, R. B. Trotter, J. P. Fite, M. P. Pegram, Jr., D. G. Calder, S. S. Herron, R. H. Walker, G. M. Phifer, S. A. Porter, S. A. McWhirter, R. R. Aexander, J. D. Withers, T. T. Allison, U. N. Mitch ell, R. J. Hooks, H. G. Springs, T. J. Kerns, J. A. Brown, Wirt Pegram, L,.vA, . Auten, J.H. Wallace, W. W. Davenport, J. B7Cnrfstenbury, C. "F. Brown and S. J. Austin. Second Week W. C. White, T. .N. Allen, J. J. Ezzell, R. E. Holder, A. M. Shaw, R. N. " Capps, J. E. Fer guson, C. E. Moore," J. A. White, A. M. Beattie, Ed. Spratt, J. A. Blake ney, J. R. Porter, R. W. Todd, W. G. ihompson, W. A. Black, J. D. Clark and L. A. Christy. PALMETTO LAW-MAKERS. General Assembly Met Today, Or ganized and Heard Governor's Mes sage. ' . Special to The News. Columbia, S. C, Jan. 8. Upon tie convening of the General Assembly today Mr. Whaley, of Charleston, was elected speaker of the house, and Senator C. L. Blease, of Newberry, was elected president pro tern of the senate. After the organization of the two branches Governor Heyward's mes sage was received and read. ACCIDENT ON "GEORGIA." Not Serious, However First Report i Exaggerated. By Associated Press. Atlanta, Ga., Jan. 8. The Evening Journal has a telephone v message from Augusta saying an accident is reported on the Georgia Railway at Barnett, Ga., but that it is not serious. Two .or three cars were overturned, and one man slightly bruised. A sensational report that 25 were killed proves untrue. That Brownville Muddle. By Associated Press. Washington, D. C, January 8. The Republican leaders of the Senate were in conference with the view to reach ing an agreement on the terms of the resolution relating to the President's discharge of the negro troops that will harmonize the differences between Senator Foraker and Senator Lodge. There is excellent prospect of suc cess. . ' Shot Saloon Keeper By Associated Press. Memphis, Tenn., January 8. Ernest Miller, local politician shot and prob ably fatally wounded Morris B. Hedge peth, a saloon keeper. The dispute was over a license said to have cause cause the shooting. Miller is under arrest. Honduras Revolution. By Associated Press. Washington, D. C, January 8. That a revolution in Honduras is being aid ed '"by the President of Nicaragua is the advice received at the State De partment from one of it's officials in Costa Rica. King Peter Makes Denial. By Associated Press. ; Belgrade, ' Servia, Jan. 8. King Peter authorized, a specific denial of the rumors of his intention to abdi cate or permanently leave Servia with his family in consideration of financial ' compensation. Senator Lee S. Overman Makes Elaborate and Forcible Defense of the Doctrine States Rights in Senate To-day. Opposed to Pending Bills for Regulation of Child Labor. Thinks States Should Decide their Own Laws in Such Matters. By Associated Press. Washington, Jan. 8. In presenting his objections in the Senate to the pending bills for the regulation of child labor, Senator Overman, of North Carolina, went Into an elabor ate defense of the doctrine of State's right. His text was taken from the constitution of his State, ' "A recur rence' to the first principles is abso lutely necessary to the preservation of our liberties." The child labor bills of Senators Lodge and Beveridge were read with the comment that the . enactment of either would be not only to stretch to the breaking point the commerce clause of the constitution, but would be the usurpation of the rights of States rights which the people had expressly reserved to themselves v.hen the tenth amendment to the constitution was adopted. There was in the days of the adop tion of this amendment evidence of a strong sentiment for consolidated or centralized government, Mr. Over man believed there Were even strong er evidence of this tendency today. "This sentiment," he, said, "had grown with the inordinate desire for ihe dollar, has increased with the growth of commercialism, building up of mighty fortunes, centralization of great wealth in tne bands of the few, produced by great trusts and monopolies, many of which are organ ized for the purpose of crushing out competition and which ,have been robbing the people of untold mill- . Ions." . Mr. Overman pictured the end of the State sovereignty as the result of the present desire for encroachment on the reserved rights of the people. If more power is needed, he sug gested, the way is clear: "Let amendments be submitted to the States. At any event, let the people be consulted; let their sacred will be known; let their consent be given to the surrender of any of their rights." Mr. Overman held there was no limit to the power of Congress to deal with commerce, interstate in its nature. . He heartily endorsed the re cent measures exercising this control. There was a decided distinction between regulating interstate com merce and making regulations con cerning commercial production which might and might not become inter state commerce, he said. For this latter class of industry, Mr. Overman desired no interference, from Congress. Mr. Overman said he was in favor of ohild labor for the district and was 'not to be understood as object ing to State laws regulating the sub ject. His objections he based on broad ground, defending the right of States against the centralization of power in the Federal Government. TO WED QUEEN'S KINSWOMAN. LLicense Was Issued, But Mysterious Marriafe Did Not Occur. Wilmington,Del., Jan. 8. The mar riage of a wealthy New York clubman and a Philadelphia woman said to be a relative of former Queen -Lilliouka-lina, of Hawaii, was expected to occur here last. night. It was'learned that a license was issued to the couple by Magistrate Broman, but that the pair failed to have the ceremony perform ed. Rev. George L. Wolfe, who has mar ried more people than any other cler gyman in Wilmington, to-night an nounced that such a couple made two engagements with him last night to perform the ceremony, but did not appear. After Ballot Boxes. Ey Associated Press. New York, Jan. 8. Following yes terday's service of papers on Mayor McClellan in suit to oust him, the attorney general today began steps to secure possession of the ballot boxes. New labels were put on the boxes containing Staten Island bal lots. Alabama Legislature Opens By Associated Press. Montgomery; January 8. The bien nial session of the Alabama Legislature opened to-day. The governor's message will go to both houses of the legislature to-morrow. The Home Mission and Pastor's Aid Society of . the Second Presbyte rian church will meet to-morrow in the church parlors at 10:30 o'clock. V
The Charlotte Observer (Charlotte, N.C.)
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Jan. 8, 1907, edition 1
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