THE CHAhLOTTE NEWS, FEBRUARY 20, 1908.
You mav easily hide your ignorance of South
Y . F 7j ' Sea politics or North Pole explorations, but
BB IC tl MM CI 1 V you cannot hide a scraggly, worn-out, ignorant
lUWUiU heiJ of ha;,-. Aver's Hair Vigor is
the natural exponent of intelligent hair cul
Vt publish the formula ofAycrs Hair
vigor. Ycu kncwwhn'uoi: nre using.
i our docir- tnozi?
ture. The hair promptly
Y. M. C. A. CONVENTION
Brilliant Galaxy of Speakers at Colum
bia March 27-29.
, GREAT JOINT SERVICE
ON SUNDAY EVENING
if things, manageable, and appears well
T1' '
vieluS. Dccomes
J. C. ArerCo.,
I cws'l. Msss. 1
THE LINCOLN-LITHIA CLUB
Will be
First oi
Opened About the
April.
Th Lincoln-Lithia Club, in Lincoln
county, will be opened about the first
of April. Thi is the latest new9 of
thla exclusiye organization, cf -which
ahout 35 Charlotte men are members.
The lub, it -will be recalled, is lo
cated ahout one mile from Lincolnton,
on the old General Hoke place. The
tract consists of 235 acres beautifully
wooded and well-watered. The club
house, which was formerly conducted
as an inn. is being furnished and fitted
Hp in elegrant style. The building con
tains about CO rooms, 20 cf which will
te used as sleeping rooms for the
members and their families. A land
scape gardener from Vanderbilt's at
Biltmore, has been engaged to lay off
the grounds to the best possible ad
vantage and beauty. There will be
golf links, lakes, streams and walkways.
The committee of arrangements for
! the fifth annual interstate convention
of the Young Men's Christian Associ
ations of North and South Carolina,
are preparing a strong program for this
meeting which will be held in Colum
bia, S. C, March 27-29.
Anion;
! are Gov
Consclidsticn of Virginia &. Carolina j Guerry,
Fairs Di Net Materialize. Diocese of South Carolina; Rev. James
Mr. C. M. Crcswell. secretary of the ! a. B. Scherer, D. D., president of New
MR. CRESVYELL HOME
iuarcn zi-zv j jy next S- h
)ng the speakers already assured j MethodiALf
3V. M. F. Ansel, Rt. Rev. W. A. f.h. th
r, D. D.. Bishop Coadjutor of the Iated and
,I"'ul""s 1 "- '""j u"--l- ..A-i "vnv,, been ranrleriTia-
. , rrPTi. , Mi . ' tlle expectation cf its
Mrs. Kate Waller Barrett Will Address
Union Meetina Sunday Night at
Tryon Street Methodist Church in
Interest of Crittenton Home Work.
The place seiepie: ror the great ral
ly next Sunday night is Tryon Street
j same being- both
commodious. The
meeting is in boh n if of the Crittenton
Home of Charlotte, an institution
which from its verv beginning, ha1?
ssrviee oven beyond
DAVIDSON CHALLENGES
Will Play a Garr.s Of Basketball With
Y. M. C. A.
A challenge has been received oy
promoters. The
tstives from the fair associations m committee; four international eecreta-! .v;:! , , -r X
V.wh rvVT-.i Virgin tor tne rino ,.,hA rn crollch ,'n cl,wl (t,- wmusuiuicmomu,.., uu
V ' -A C - ViiUtt uuu i I I UVJ 111 O l) UV. VlUilkJLO 111 OLUMVHLy A1
t.ur; ose of consolidating the associa- j dustrial, railroad and boys work; W. H.
tions of the two states into one cir- j ixson. of Charleston; J. W. Simnson.
cuit has returned to the city. The con-. 0f Spartanburg, and Robert Glasgow,
solidaticn plan failed to go through for j Jr 0f charlotte, presidents of their
the reason of conflicting dates. In- j respective associations.
stcn-Salem and Lynchburg had an- banquet for the delegates and the
ncunced the same dates and as neitner business men of Columbia will be giv-TT-ni.i.i
vvjj thmiiph th-ir renresenta-! Kir thn fini.imWo a coioCnn ttioi-q
tives. to change them, the consolida- j will be special seosions for the consld- -! Sund nifhf ln,rJ
t,- fn thm.mh Mr rreswell stated nf ch.it ,uma i ' botn tne general and local work of
that the prevailing opinion was tor tne i meetings Tor men, boys and for women.
consolidation and he relieve t tnat tne j Tne raiiroads will give special rates
plan would materialize beiore next i and the Columbia association will en
, this charity has enlisted sympathetic
I interest throughout the community.
This is not a local charity. It is the
'only institution of the kind in the
! state, and renders a service which
! reaches even beyond the state boun-
dary. -'
Much valuable information will be
year.
"Foraker Still in the Ring."
"Foraker, poor, disgruntled, biased
old fire-eater, has been out-Heroded.
Taft is stealing even the negro vote."
Charlotte News.
Wait till all the returns from the
necro preachers' meetings are in. Sen-
AQ.'alor Fcraker is not through with the
- I .,. i. J. ITT.'I A
Messenger.
aon f7a g oTMSban, I --ville racket yet.-Wilmington
from the team representing Davidson
College. A letter accepting the chal
lenge has been sent by the local
basketball enthusiasts and terms
agreed upon. The only matter await
ing adjustment, is the fixing of a de
finite date. This will be fully deter
mined upon in the next day or two.
The Charlotte team will be selected
from about two score candidates
afid an interesting game is expected
to say the least.
Mrs. H. A. Klueppelberg and sister,
Miss Nell Hearne, have returned home
from a stay in Florida.
Fayetteville to Use Bitulithic.
Mr. B. C. Copeland, superintendent
of the Atlantic Bitulithic Paving com
pany, has returned from Fayetteville,
where he went to look after securing
a paving contract there. Mr. Copeland
save that Fayetteville will want about
30000 yards, and that the work will
probably be awarded some time this
year.
' the great institution.
Mrs. Kate Walter Barrett, cf Alexan-
I dria. Va., general secretary for the
Rtntoo -...511 nrncont on1 nrill
tertam all regularly accredited dele-1 . , , , ..'m
j. T-i i. s. v bring much valuable mformaaGn as
BTitps. Further infnrmatinn mav hfi oh- i .. .... ...
i wen as enthusiasm m oenair or tne
cause. Mrs. Barrett is an attractive
gates. Further information may be ob
tained of G. C. Huntington, interstate
secretary, Charlotte, N. C.
THEY EXCHANGE OFFICES
Misses Lilly and Maggie McKnight
are spending a few weeks with their
brother, Mr. Samuel McKnight, in Gas
ton county.
Only One "BR.ORV" ULNINE," that Is
Coreca Cr'dis Oft !y. Or; n tys J
The Tax Assessors will Occupy the
Office now Used by Mr. J. W. Cobb.
The office in the basement of the
court house, which has heretofore
been occupied by Justice of the Peace
J. W. Cobb is being fitted up, re
painted and arranged for the occupan
cy by the tax assessors, Messrs,
Brown, Severs and Shaw.
It is understood that Mr. Cobb
will occupy the office adjoining,
which the tax assessors have been using.
personality and of a charming man
ner. There will be several short address
es, the meeting being presided over by
one of the prominent men of the
city.
The churches of the city will give
way for this joint meeting, and an
nouncements suspending night services
for next Sunday will be very general.
A crowded house must, necessarily be
the result.
Very Family
"n Hipum millnil i mii n i .i H tii-t- 1 SCSSK ' Bi9
miMiWLm ii V V. iiS ue noasenora
ymmMmmmm Dp0 Porter's
. .- (Made by Paris Medicine Co.. St. 1 !,;,.
till HH&S H YA i 'imS of Laxative Eromn nini t"
UmE!! lll 'M r V?)'' Chill Toni .,nd nrttr sV3: V"e S ia
elf
ought to contain
which Is a bottle of
Antiseptic
Oil
rs
steltss
ions.
Relieves Pain Quickly Heals Prevents Blood Poison
The Only Household Surgical Dressing, ah Druggists refund money if it fails to cure
Old Sores, Burns, Granulated Eyelids, Chronic, Catarrh, Eczema, gar
Running Sores, Boils, Scald Head, Sore Throat, Skin Diseases, Ulce-s '
Fever Sores, Carbuncles, Scalp Diseases, Throat Troubles, Bites & Stints v- '
This is a positive, lived-up-to guarantee adapplies to all cases no matter of how long standing, if vour rjr,, .'
hasn't DR. PORTER S ANTISEPTIC HEADING OIL, he will get it for you from a VvTholesale Druggist
s.
Price 25,
Mr. McDonald Resigns.
Mr. John A. McDonald, who has
been with Mullen's Pharmacy for some
months, has resigned and will leave
in a few weeks for Greensboro, where
he will take a private course in chem
istry in preparation for the state board
of pharmacy next summer.
Mr. McDonald, whose home is in
Raleigh, has made many friends while
In the city who regret to see him leave.
$3,0C0,0C0 CORPORATION.
The
Chadwick-Hoskins Company
Chartered.
JS
rtiiLi' jkas&ss iiaa&i' Hs&sga' asag j ss&aw
,r jm fxmmte s gsgs ggasSKV
The BOSS UY & B" Mule, Cart and
Coon, will leave shortly for a trip
around the world. His subordinates
vviil stay behind to look after the
"Y & B" Coal orders.
Tht BOSS Mule sets the pace for
the "2-eleven gait" and traveling at
this high sp?ed for past four years has
undermined his constitution. We
think he needs a sea voyage and a
long rest. j
Before going aboard ship, he will
stop a day or so in Washington, Phila
delphia and New York, viewing the
sights in these cities-
He will give exhibition speed con
tests in London, Paris, Berlin, Naples,
Hong Kong, Tokio and other large
foreign centers.
The "Y & B" Artist accompanies
the trio.
Watch for the Artists Sketches
in This Space
99
The charter of the Chadwick-Hos-kina
Company of Charlotte, which is
a $3,000,000 corporation, representnig
the combination of the following mills,
was gra.afee& today: Chad wick Manu
facturing Company, Hoskins Mills, In
corporated; Dover Yarn Mills, Louise
Mills and the Calvine Manufacturing.
The announcement of the combina
tion of these mills was made some
week3 ago in The News. The new com
pany as chartered is authorized to deal
in and manufacture cotton and other
textile fabrics.
The incorporators are E. O. Smith,
Charlotte: W. F. Draper, Hopedale,
Mass., of the Draper Machine compa
ny of that plaed; A. J. Draper and E.
C. Dwelle, of Charlotte.
The company, which has had offices
at East Third street . opposite the
Southern Bell Telephone Company,
has moved to No. 10 South Church
street.
The mills of this combination are
situated in and around the city, and
constitute the largest single manufac
turing company In this section.
BANKS Wft-L CLOSE
Saturday is Birthday Anniversary of
Washington.
As is the custom on a legal holiday,
the banks of Charlotte will he closed ;
Saturday, this being the birthday anni- j
vereary of George Washington. A le-1
gal holiday rarely ever falls on Sat- j
urday and when it does a great incon
venience is caused the merchants, bus- j
iness houses and manufacturing con- J
cerns because of the fact that pay rolls 1
are generally forgotten. The deposi- l
tors of the various banks in the city
should bear this in mind and draw j
money for pay rolls on Friday. i
The day will not be observed here ;
with any public demonstration. There
will be a number of entertainments, i
at homes and several among the :
! churches. The public schools, will as
usual, give holiday, the post office will
observe Sunday hours, and the freight
depots will be closed during the day, j
except for the deliverance of perish- j
ables.
one
2
MRS. BARRETT TO SPEAK
The Head of the Florence Crittenton
Home Work Will Address Mass
; Meeting.
Mrs. Kate Barrett, who is at the
head of the Florence Crittenton Home
work in the United States will address
a mass meeting at Tryon Street Metho
dist church on Sunday night in the in
terests of the home in Charlotte.
The pastors of the city chuhe3 are
giving away to this union service, and
the mass meeting in expected to be
largely attended.
Mrs. Barrett will be' the main speak
er, but there will be addresses by oth
ers during the evening.
All of tlie people who are interested
in this great work are cordially invited
to attend and to take part in this meeting.
SALE DISCONTINUED
The
Auction will
a Few uayo.
be
Palamountain
Resuraeel in
The sal of the stock of the Pal
amountain Jewelry Company, which
nas been going on . for the last sev-
eraT days, has been discontinued for
the present in order that some ad
justments of the receivership may he
made. - .
in saie win be resumed in a
iew aays at the j earn place on.
Kortn Tryon street.;
ft
NEW CLOTHING STORE.
Big New York Firm Will Open Branch
Here March First.
Farley & AsTcin, the well known
clothiers of New York city, have leased
the store space in the Hunt building,
at present occupied by the Palamoun
tain Company, and wllj open a branch
store there on March first. This firm
operates a large number of stores in
different sections of the country. The
store room will be handsomely furnished.
Mr. B. S. Davis nf tho DilwrirtVi
t drug store is confined at his home with
j a severe attack of the grip. His many
friends both in Charlotte and Dilworth
nope to se8 him out again soon.
mm r ri
TO THE POLICYHOLDERS
OF
OF NEW YORK
The work accomplished by the Company in 1 907, under the new conditions,
in respect of benefits dispensed to policyholders and in the furtherance of their best
interests, has been especially satisfactory.
The Company paid directly to policyholders and their benificiaries in
death claims, endowments, dividends, annuties and surrender values $43,959,245.40
It added to the net reserves held ia trust for policyholders 16,368,679.39
Total benefits from sources named $60 3? 7 924 79
lotai received rrom policyholders z.. 57,151,041.71
The total benefits above named exceeded premiums received by $ 3,176,883.08
The amount paid DIRECTLY TO POLICYHOLDERS during the year was
77 per cent, of the amounts received from them.
The total amount paid to policyholders, plus the increase in the net reserve
held for them, was over 105 per cent, of the amounts received from them.
Increasing Dividends
The amount appropriated for dividends to be paid in 1908 is $ 8,31 1,002.02
This sum greatly exceeds the largest amount ever before paid in dividends in
a single year by any company. The annual dividends to be paid in 1908 show a
ratio of increase over those of 1907 such as can be approximated by no other com
pany. The Mutual Life is the only company which has increased its dividend scale
three years in succession 1906, 1907, 1908. Increasing dividends are possible
because of increasing earnings and decreasing expenses. 4
In Gains for Policyholders the Company Remains in tha Front Rank
Its gross earnings from interest and rentals for 1907 were $23,103,953.59
Its gains from loading, mortality, surrenders and annuities were 8,760,440.79
The total earnings and gains were $31,864,394.38
0
This is over 56 per cent, of the entire premium income, a remarkable showing
rarely, if ever, equaled by any other company.
In Economy of ftegemfnt iha Company stands Pra-eminent
The total expenses incurred in 1907 were $ 8,554,375.11
Compared with 1 906, this was a decrease of 2,03 1 ,6 1 8. 1 3
. The Financial Condition of the Company Is Siprb
Its investments are of the highest class unimpeached and unimpeachable. In
a year of extraordinary financial depression, not a share of stock owded by the Com
pany failed to pay its regular dividend and on $222,927,910.60 of bonds (book value)
there was not a dollar of interest in default at the close of business on the 3 1 st of last
December. With assets exceeding its legal liabilities by over $57,000,000, even by
the abnormally low market quotations of December 31,1 907, an excess greater by
many millions than is held by any similar "organization anywhere, the Mutual Life,
the Oldest Company in America, is also justly designated the Strongest in the World.
Balance Sheet December 31, 1907
ASSETS
Real Estate $29,403:1 nS.sn
Mortgage Loans on real estate.
Loans on Policies
Collateral Loans
Bonds and Stocks, Market value,
Dec. 31. 1907
Cash
Premiums in course of collection..
Interest and rentals, due and accrued
125J41.83G.42
S2.022.021.33
11.S05.000.00
260,026.493.51
6,487,545.88
4.6S5.477.99
3.999.4S7.10
Admitted Assets $494,177,021.03
LIABILTIES
Net Policy Reserves
Other liabilities on policies
Premiums and interest paid in ad
vance
Dividends . payable in 1908 .
Miscellaneous liabilities.
Held for future dividends,...
510,09;.Ti2.riri
. 5.532.S73.66
i.s2.-o.'.r,i
811A2"-S7!.2'T.-V'
! 57,530,76O.;o
Total Liabilities $494.l77,2l.o3
NOTE The admitted assets would be given greater by $15,989,158.97 were the bends taken on tho
Company's basis of amortized book value; or $13,211,349.94 were the securities stated by the avera:-"-'
market value (13 month rule), recommended by many commissioners at the Louisville meeting.
HARRIS' R. WILCOX, Mgr.
The Mutual Life Insurance Co. of New York
Home Office, 34 Nassau Street