Newspapers / The Charlotte Observer (Charlotte, … / Feb. 18, 1912, edition 1 / Page 2
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THE CHARLOTTE NEWS. FEBRUARY 18, IQ12 tim Remember we are going to continue our easy-to-pay house ; wiring campaign for a short time only. If you are considering having your house wired you should see us without further delay. Charlotte Power Company. 208' South Tryon St. Phones 2700-2701 Important Cases To Come Up Bejore Supreme Co ui t "Washington, Feb. 17. The most im portant cases since the decisions In the Standard Oil and Tobacco Trust de cisions will be set for final hearing before the United States supreme court when the tribunal reconvenes on Monday after a recess of two weeks. Tremendous as will be the direct re sults of the decisions themselves In the specific cases to which they apply, their subsequent efforts will be great er still, by virtue of the establishment s V ..-111 1 - 1 M..A. I ui Htvcucui iliac nui I me 111 lULUiC cases. The biggest cases to b scheduled for review Monday are the Union Pacific-Southern Pacific Railway merger, and the Minnescota " rate case. The Patten coton-corner and the Oregon initiative and referendum cases, and other famous cases before the court. Important questions of law, that .will be determined by the decisions 'are: The power of a state to regulate 'railroads within its own boundaries without violating the interstate com merce act: The application of the Sherman anti Vust law to railroads. The constitutionality of the initia tive and referendum, and, whether a "corner of a market in any commodity constitutes a violation of the anti-trust law. The far-reaching efforts of the solv ing of these questions are obvious. The problem of intrastate railway regulation Is in many respects the most important before thetribunal. Cases Trom seven states haTe been assigned lor hearing on Monday and at least a source of states are directly interest ed in the outcome. The decision will also affect almost a hundred suits brought by railroads against orders of state railroad commissions now pend ing in lower courts. Cases in which the orders of state railroad commissions are opposed have been presented to the court from the state of Missouri. Kentucky. West Virginia, Oregon, Minnesota, Ohio and j Arkansas. From Missouri alone there are 36 cases, appealed and cross ap-i peals from decision In suits brought! by every railroad in the state against! the validity of the orders of the state i commission reducing class rates. If the supreme court affirms the decision of the lower court In the Minnesota rate case, it is contended the efforts of the tate to regulate Intrastate commerce will be set at naught. The chief ground of complaint made by the railroads against the state laws and order of the state commis sions is that they interfere with inter state rates and commerce. The ques tion of Interstate commerce has to a great extent been settled by the estab lishment of the interstate commission but the regulation of the interstate commerce remains to be disposed of by the supreme court. Another contention is that the rates fixed by the state commissions are confiscatory. This brings up the ques tion of what constitutes a fair rate and Involves the problem of physical valua tion, the apportionment of expenses be tween intrastate commerce and a num ber of lesser difficulties. It will be for the supreme court to fix at last the principle upon which the line of dis tinction between Interstate and intra state regulation can be drawn. The legal battle for which the forces of the state are gathering promises to be one of the most spectacular ever fought in the old chamber In which the forces of the etate are gathering prom court sitB and in which the senate once fought over the problem of states' rights, which is one of the fundamen tal questions in the present rate cases. The question - whether or not the titanic struggle or railroad giants to secure control of transportation to the Pacific coast, resulting in the merger of the Union Pacific with the Southern Pacific and many other western rail roads, is in violation of the Sherman anti-trust law, will also be presented to the supreme court .for final review on Monday. In point of melodramatic interest and the magnitude of negotiations in which millions of dollars passed from hand to hand it is the most important cases before the court. Upon its decis ion also will depend whether the anti trust law Is to be applied to the com bination of competing lines of railway or whether it is to be practically 1 a dead letter in this respect. The figures of the E. H. Harriman, George Gould, J. H. Hill and other railway kings loom up behind the web of gigantic transactions as the moving spirits of the struggle for as cendancy. Great railroad systems ap pear as the pawns shuttled about in the progress of the game. The case presents, apart from its legal aspect, one of the most extraordinary chap ters in the romantic narrative of the development and concentration of rail road control in the United States. The suit is based npon the applica tion of the government under the anti trust law to dissolve an alleged con tract, combination or conspiracy in re straint and monopoly of interstate and 1 J When you think of Shirts that a g i j i gentleman can wear with pride, com- 9 A ff i) fort and satisfaction- that conform 1 o When you think of Shirts that a gentleman can wear with pride, com fort and satisfaction that conform to the most exacting demands of criti cal taste and embody every carefully thought-out feature that makes for quality, the chances are that yoti will have in your mind such a shirt as bears the : E&W Manhattan or Eclipse brands. These are the shirts we have found best suited to our trade and of which we have just received sev eral thousand of the spring styles and patterns, Ed Mellon Co. -ir foreign trade between the Union Pa cific, Oregon Short Line and Oregon Railroad and Navigation Company on the one hand and the Southern Pa cific, Northern Pacific, Salt Lake and Santa Fe railroads on the other.. In its petition the government named E. H. Harriman, Jacob H. Schiff, Otto H. Kahn, James Stillman, H. H. Rog ers, H. C. Frick and William A. Clark, also as defendants, through whom -it was avered the huge combination was created and maintained. Harriman and Rogers, the two giants of the fi nancial world at the time, ' are now dead. The specific charges of the govern ment are that in 1910 the Union Pa cific acquired a controling interest in the capital stock of the Southern Pa cific for the" purpose of directing its operations and suppressing competition. That in the same year it acquired a majority of the stock of the Northern Pacific as well as subsequently induced W. A. Clark and his associates in the Salt Lake Road to desist from con structing an independent line to Los-Angeles. That in 1904 Harriman, Schiff, Rog ers, Kahn, Stillman and Frick pur chased $30,000,000 worth of stock in the Santa Fe and. thereby secured the election of Frick and Rogers Ho the board of directors. That in 1906 the Union Pacific Com pany through the Oregon Short Line purchased 110,000,000 worth of Santa Fe stock and that these purchases were made with the purpose of elimin ating the competition of the Santa Fe. In its bill the government prays that the corporate and individual de fendants be enjoined from voting the stock of other defendants and that the latter be enjoined from permitting them to vote. The case was heard in the United States circuit court of Utah, which, upon the decision of three of the judg es, Van Devanter, Sanborn and Adams, dismissed the government's petition on the ground that the evidence did' not show that there was any restraint of competition resulting from the merger of the great railroad systems, the Southern Pacific, Union Pacific, which In turn controlled by the Salt Lake, the Northern Pacific and other roads, and practically had a grip on every railroad to the Pacific ooast. From this decision Judge Hook dis sented, saying, among other things, apropos of the court's consideration of certain questions "there introduction so greatly narrows the act of congress which however it may be regarded, is the law of the land, that very little is left of it when applied to railroads." The supreme court, of course, not being concerned with the collateral operations, which in the ordinary per spective of business are themselves gigantic undertakings, except as evi dence of the conspiracy, will pass upon the principles of the lay only. But, in effect, it will determine whether the stupendous plan of E. H. Harriman achieved as the crowning effort of his career not long before his death, is to be considered valid in the light of the anti-trust law. The struggles among the railroad kings and the events to which they led will be kept, therefore in the back ground. Among these are the fight be tween Harriman and Gould to secure controlling Interest of the Southern Pacific, in which Harriman was the victor by the purchase from the heirs of C. P. Huntington, himself a rail road king of 900,000 shares for many millions of bollars. The organization of the Northern Securities Company, which was declared illegal by the courts, and which left the mark of panic on the history of Wall street, was another phase of this great batle of railroad giants. The story of the operations of the various kings of finance and railroad systems told in twelve thick volumes of testimony of several hundred pages each, the transcript of the record of the case before the circuit court. The case was assigned for hearing in January by the supreme court but because of its importance, it was reas signed for hearing on February 19, after the other railroad rate cases set for that day, because of the desire of the court that it be heard by a full bench. Presbytenan Men To Have Rally fonlfHt at 8 o'clock. In the First Presbyterian church, a rally of all the Presbyterian men of Charlotte will-be held in the interest of Pres byterianlsm in our city. Short ad dresses will he given by the pastors of the First and Second churches, by Dr. Caldwell and by Mr. E. T. Canslen This will be the second meeting of the organization known as the Presbyterian Council, and mat ters vital to the church will be con sidered. Not only the officers of the church are expected but all Presbyte rian' men. , .,' , Mills And Banks In Gastonia Section Au In Fine Shape (BY LEAKE CAB RAW AY.) Gastonia, Feb. 17. The feeling of the bankers and mill men of Gastonia in that the situation in this section is most excellent, and that this year's business will far exceed that of last year. The clearings through the Gastonia banks last year amounted to slight ly more than $15,000,000 and the belief is that this year's clearings will show a total of nearer 118,000, 000, and this, taken with the state ment that the 175,000 spindles of the 15 mills in this city are now operat ing at profit every day against th loss whicn showed last year, is an indication that the situation in Gas ton county is much better than it has been since the early part of 190V directly preceding the panic, trim which the entire country is just now recovering. S. N. BOYCE TALKS. S. N. Boyce, cashier of the First National Bank, the oldest financial Institution in Gastonia,. feels that the outlook is brighter than in the his tory of the city. He points out that every mill is operating on full time and those which are equipped for night work ere running both day and uight, and that the takings ot yarn are much better than for ilnie past. The growth of the finances of Oaslc-nia is shown by the growth o the lusicess of this bank, in lt00, when the capital tock was $50,000 the dros:i8 amounted o ?145,000 In 1011 t ic had inc-easod to $450.01 u. The cafital stock 11". heen incens ed to $100,000 and tic surplus -vj $50,000. During 1911 the clearings of the First National Bank amounted to $ii,- 500,000. Mr. Boyce expects this to show a material increase, in the ncijjlitorhool of $1,000,000 during the present ;tat. "The ci Oook is mot satisfactory to us." raid Mr. Boyz while disc;.ss ;nt ti:ou county .w 'a are looking lor fine Disi;-? t&rc-iig. t ihc year. The fee'ou of people ( oitr. All the &':e running full time and the rrespect is that i . vii.' continue to run, tviili no -tort time and no i t doita inrougb lb ir.m.Tj,. as cane last ycir. fie fcimers are feeling better, al- Thti RTe not ,Ut.Mnf 'i cotton but are diversifying crops and this must result in better conditions." CASHIER A. G. MYERS. Cashier A. G. Myers, of tha Citi tens National Bank, is under the im pression that the year 1912 in Gas tonia will far exceed 1911 in all lines. He figures that the increase in bus iness which has been show.'i since 1908 will continue this year. Tie prosperity of the mills must result iu bettering the general contentions, he thinks, and the outlook is exceed ingly bright. "The mill people look at the sit uation with more satisfaction," says Mr. Myet 3. "The general merchants bought more closely last fall than usual, and the result Is that there is not much stock carried over. "The null men are now having a good stiff demand for yarns at bet ter prices than for some time past. This is true in the domestic and export lines. The market is bare ot yarn stocks and they are being taken rapidly at an increasing figure. Gas tonia is facing a good year along all lines, in my opinion." The figures of the Citizens Nation al Bank for the past few years show a large increase in business from year to year. In January, 1905, the deposits totaled $71,000, while the resources amounted to $105,000. In 1906 the deposits reached $137, 783 and the resources showed $307, 000. In the deposits had risen to $176, 000 and the "resources to $359,000 and the next year, that immediately following the panic, the deposits showed $192,000 and the resources $327,000, regardless of the previous depression. In 1909 the deposits had reached $334,000 and the resources had risen to $449,000, while last year the de posits were $421,000 and the resour ces totaled $668,587. The earnings during the past year amounted to $7,000,000 and Mr. My ers figures that they will increase not less than $1,000,006 this year. THE SAVINGS BANK. The Gaston Loan & Trust Com pany is the only savings bank in the county. The bank was organized in 1904 and at the end of the first year's business the deposits reached $10,00. at the close of business on April 1, 1911, nearly a year ago, the deposits amounted to slightly more than $50,000. The Gastonia Building & Loan As sociation has offices in this bank also and in 1911 ?aid out a total of $64, 000 and made loans totalling $28,000. The receipts from fees during the year amounted to $40,000 and from loans paid $55,000. Cashier McLurd looks for a slight increase. in the business done by the Savings Bank this year. He believes that the outlook is better than it has been for years past and that the feel ing of the people that times are go ing to be better work more plentiful and wages some better will have a most satisfactory effect on general business. POSTAL RECEIPTS. The postal receipts at the Gas tonia postoffice show an increase of more than 250 per cent within the past decade and the increase over last year was among the largest with in this period. Within this time the free delivery system In Gastonia has been estab lished and a number of rural free de livery routes have been put in oper. ation. The government has purchased thep roperty known as the Square, in the center of the city and congress has made an appropriation for a postoffice building, the construction of which will be started within the pres ent year. THE MILL SITUATION. There is at this time $4,000,000 in vested in the 15 cotton mills in this city. Like mills all over the country the average mill here has made but little money within the past four years. They have been Operated o short time in - some instances. This has been true all over the country with the result that the hard yarn market is bare of stocks and the de mand for this product is exceptional ly good. The price is going up by leaps and bounds, as much as a cent and a half increase" being noted with in the space of two days. In some instances Gastonia mills are shipping yarns to their customers by express, so great is the demand at this time. It is stated by a man in a position to know that each of the 175,000 spindles in operation in this city is now making a profit for its owner and that the mill men are delighted with the outlook. There is no uneasi ness in the minds of the mill men of this city and plans are made for operating their plants on full time continuously. Those mills which are' equipped to operate at night are run ning full time and will continue to so operate, in order to keep up with the demand. A business man, not a spinner, to day said: "The Gastonia mills at this time have enough orders on their books to keep them running full time for the next four months. Orders are coming in every day, in increasing volume, I am informed, and the mill men are delighted with the prospect of a full year's operation. The ex port business from Gastonia is in as good condition as the domestic trade. The one mill that is spinning for ex port has its hands full and is run ning full time to keep up with its orders. "The cloths situation Is as good as could be asked and there is no doubt in the minds of Gastonia business people that the year 1912 will far ex ceed last year and that general condi tions will be materially bettered dur ing the present twelve month." NORTH I PLAN BY THE FARMERS The North Carolina plan for the re duction of cotton acreage was enthusl astlcally endorsed at the Farmers' meeting at the court house and plans were devised to begin at once the car rying out of a campaign to have every farmer in the county sign the reduction pieage. The meeting yesterday was called to order by Mr, J. M. Walker, president of the county union, who asked Mr. E. B. Moore to preside over the meet ing. Dr. H. Q. Alexander of Provi dence, who is president of the state union, was called upon to explain the plan of reduction favored by the state union at its recent meeting at Wilson. The plan is similar to the Rock Hill "Plan" now being adopted in many cotton states. It is briefly: 1. That every farmer pledge him self to plant one acre of cultivated crops (not Including grains for every acre of cotton planted. 2. That every farmer pledge him self to reduce the amount of commer cial fertilizers used by 25 per cent. 3. That every farmer pledge him self to conduct his business as nearly as possible on a cash basis. Campaign Launched. Mrs. J. E. Walker, of Sharon and H, M. Victor and Clarence Kuester of Charlotte were named as a central committee to raise funds for the carry ing out of the reduction campaign. These funds will be used to pay a canvasser in each township of the county, who will fake the pledge to each farmer for his signature. Each of these township canvassers will ap point two men in each township to as sist him. The canvassing is to begin within 30 days if possible. The canvassers for each township appointed at yesterday's meeting, are as follows: Providence, L. S. Knox; Crab Orchard, Walter Pence; Mallard Creek, Fred Gibbon; Morning Star, R. J. Harkey; Charlotte township, Char He Clark; Sharon township, W. R. Alexander; Huntersvllle township, John B. Cross; Paw Creek township, Thomas Sadler; Long Creek, C. A. Elliott; Steele Creek, Frank F. Gal lant; Pineville, W. C. Barnett, Clear Creek, W. A. Whitley; Dewese, Frank Sherrill; Lemyeys, W. A. CachiOn; Berryhill, J. W. Sodler. About County Fair. Mr. E. B. Moore, who presided at the meeting explained that the county Fair Association . was a thing of the past and that if there was to be a fair in 1912, with its undoubted benefit to the ' agricultural interests of the county, it would be necessary to have a new fair ground and all accessories. He advised that the farmers would find it to their advantage to buy stock in the fair association in order that the agricultural "and live stock interests should be stressed. The idea was ap proved as a good one by several farm ers present. New telephone directory issued yesterday 3,900 names in it. Mr. J. R. Dunn, who has long been connected with the shoe bus iness in Charlotte and who is one of the popular men in this line, has taken a position with the De Lane Shoe Co. 5109 Reward, 9100 Th radrs of this paper will hm S leased to learn that there is at least one fe&ded disease that science has been able to cure In all its stages, and that i Catarrh. Hall's Catarrh Cure is the only positiv cur now known to the medical fraternity. Catarrh being a. constitutional disease, requires a constitutional treat" xnent. Hall's Catarrh Cure is taken In ternally, acting: directly upon the blood and mucous surfaces of the system, there by destroying: the foundation of the dis ease, and giving the patient strength by building up the constitution and assisting: nature in doing; its work. The proprietors have so much faith In Its curative pow ers that they offer One Hundred Dollars for any case that it fails to cure. Send for list of testimonials. Address I. J. CHENEY A CO., Toledo, Ohio Sold by all Dmrsrist. 75e. - - Take Hall's Family Pills t&r ooostlpation. LILES-NIX GO. Our Remnant Sale Continues Through Many Remnants that are just what you need are being sold at just a small part of their value Remnants of White Goods, in all lengths- Rem nants of Table Linen, Percales, Ginghams and all kinds of Wash Goods. ana Special prices on two lots of Laces, 5 and 8c yard. Two special lots of fine Pearl Buttons, 5 and 10c dozen. About 20 Trimmed Hats Go on Sale Tomorrow Morning at Just 49 c each Ask About Our $1000.00 Donation to Charity Lfe-NixCo. CHARLOTTE'S AUTHORITY ON WOMEN'S WEAR. 17 and 19 West Trade St. - Phones 776-777 t Lincolnton Lincolnton. Feb. "17.- Fassifern school has been very fortunate in se curing Mr. Van Hoose to sing for them on the 22nd of eFbruary. This Is an unusual piece of good fortune as Mr. Van Hoose ranks as the finest tenor born in America. He has sung in all the opera houses of note in the world and Lincolnton people are to have the privilege of having this man sing for them in their auditorium. Charlotte. AIL pronounced the Ger man the loveliest entertainment of the season,, and it was a tired "but happy party, who repeatedly enchored the "Home Sweet Home." Lincolnton has been full of small parties for some weeks. There have been Innumerable afternoon teas. Ev ery one seem to be paying their social obligations before Lent and its work begins. Mrs. J. L. Lineberger entertained the Anna Jackson Book Club on Thursday. This meeting was unusu ally interesting as each member of the Book club helped -to make the "English Scrap Book" entertaining. Each woman represented some Eng lish novelist, the sketches being short and unusually attractive. . The read ing of the afternoon was from the "Idyleg of the King." . After the delightful literary pro gramme was completed the club was invited to the. dining room where the hostess had arranged an elaborate valentine luncheon. The Anna Jackson Book club is the oldest . club in town, having as an honorary members, Mrs. Stonewall Jackson. The members of the club are: Mesdames R, S. Abernethy, W. A. Hoke, May Esley Anderson, S. H. Hopkins, B. C. Cobb, H. E. Reid, R. E. Costner, R. S. Rhinehardt, - Miss Kate Curtis, Mrs. John Rees, Miss Florence Finch, Mrs. W. C. Quickel, Mrs. W. E. Grigg, Mrs. J. W. Saine, Mrs. Stephen Herndon, Mrs. J. S. Wise, Mrs. J. L. Lineberger. Mrs. R.'E. Costner e&vt a lnnrirm In honor of two of the Fassifern young lauies, Miss Evelyn Graham of Mc Pelah, and Miss Highsmlth, from Fay etteville. Four of Mrs. Costner's younfc friends. Misses Mary Rees. Jen nie Saine and Corlnne and Mary B. uroweu who are also students at Fas sifern, were invited to : meet them. The Masazlne Clnh mt with Mrs. Bonner, Southerland- on Friday afternoon. On Tuesday afternoon Mrs. W. R. Dye entertained the members of the Guild and Auxiliary of St: Luke's church at a very pretty afternoon tea. The Bridee Club will meet with Mrs. J. L. Lineberger this afternoon. On Tuesday. February 13th. a nartv of young women returned some of the many courtesies or the Lincolnton Co tillion club by ' sivirief them a. T,sn Year dance. The young ladies antici pated at. valentine s nay and Rhine hardt hall was say with the festive decorations. Hearts were in evidence everywhere even in the shape of the sandwiches, which were served with the ' fruit punch. Red scarfs made many of the German figures very beau tiful. The Gastonia orchestra furnish ed the music and seemed to do their best for the merry party. There were visitors irom Shelby, Gaffney, Besse mer Cityy Mt. Holly, Gastonia and Grand Jury Mkes Report 7 o Judge - The grand jury of Mecklenburg county which has been in session since court opened last Monday morn ing handed in its report to Judge C. C. Lyon yesterday afternoon. It fol lows: - "We have pased on all bills sent to us by the solicitor, finding 24 true bills and two not true bills. We visited the county! jail in a body and found It In good condition. The jury recom mended that some additional bedding be furnished the prisoners when the pail is as full as it has been all week. There was no complaint of harsh treat ment or lack of food. We examined the court house by committee and found the inside of the house in good condi tion. The offices of the different county officials we found in good condition. We found the wood wrk on the out side of the curt house in great need of painting and recommend that all the woodwork be painted as soon as possible. "We visited the county home by com mittee. We found 71 inmates, 33 white, 38 colored, 2 white insane ana cow ed insane. We found the home in good condition and the inmates aie well fed and clothed on good, whole some food and humanely treated. w als found five mules, 15 cove and eign hogs and feed enough for the stow We also visited the convict camps d. committee. . ,9 .... "At Owen's camp we found 35 wn victs, 2 white and 31 colored, Con tion of convicts gpod, condition clthing good. Convicts received plem. Of good food. Quarters in good condi tion. No complaint of excessive IJJ ishment. We, also found mules i in s ditioncondition and nine wagons dition to the usual road-building too in good repair. , ,s c0B, "At Litle's camp we found 38 co victs, 3 white and 35 colored- J found the health of the canvicU & g They are well clothed and fed wholesome food, wen vv- z was no complaint of over-work treatment. The conuiuu- - jfl ters is good. We tf" fine condition, vvv 'z-.uiag m ons and the usual road-buiM chinery in good repaior. f j4 "At McLaughlin's camp we , i 36 convicts, 1 white and crft ronvlo.t sick. The condition u . ... jt rrK.tr ore weu . convicts is guuu. "jxJ.-: nt 0verp ed and fed. No complaint o ; c or cruel punishment. The cono the quarters is 10 wagon? mules in fine condition and i and the usual macm" pair. D. HBWW WHITE. ,, , Rev. Dr. Harding j lobe The Spea ,i4 0f the meet"18 The speaker to me t at t , this afternoon at the x R Christian Association win n t . Wcrrlins. Of DaAlu of ui. v. - xe tea" !ese. Dr.. Hardtns Rev. Byron ClarK, oi was unable to bep reheut.
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Feb. 18, 1912, edition 1
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