Newspapers / The Charlotte Observer (Charlotte, … / Feb. 28, 1912, edition 1 / Page 3
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THE CHARIOT TE; NEWS, FEBRUARY 28. IQI2 811! OFFICIALS SH THE TRAIL OF Li VIOLATORS The topic of very livest conversa--.-n on the streets these days is the I'v-ibitioa law, its enforcement and fi'.V'nresent status of the liquor ques r, Charlotte. On street corners, ; oVels, restaurants and everywhere ' . congregate the matter is discuss ed , -day morning when he passed sen dee" on Clem Wilson for violation of rrrrchil)iuon law were not to be mis n as to their intent. Refusing to -n'-ider Mr. Redd's appeal for a fine i-Vad of a jail sentence for hia 't r'a& recorder stated that a fine V'Ynot sufficiently deterrent to keep eders from repeating the offense --Ttbat every one convicted of sell ? liquor hereafter might as well ex pect a i1 sentence, which means that -e convicted one is to be sent to the -nty roa4s, at the discretion of the riy commissioners. He gave fair va-siz.? to all that a strict enforce cesTof the law, with a sentence that -svcu'd discourage a repetition of the oeae, would he imposed, regardless cf-to'the defendant might be, wheth; er club manager, drug store proprietor, or what not. A. test case, so far as the locker privilege of the clubs is concerned, f? expected to come on March 5th, vhea E. C. McCall and R. L. Alexan ce" respectively president and man ager of the Royal, will be -tried for vio lating the law regulating the lockers of "members of the cUiix. Ttere are two indictments against tieclJb; the president and manager named as defendants. One war rant alleges that clubs "do wilfully, ma liciously and unlawfully keep and maintain, aid, assist, and abet others in keeping and maintaining a room and place where , intoxicating liquors are received, kept and stored for barter, sale, bargain, exchange, distribution acd'civision among the members of said club and among other persons un iEovn; and do act as agent in order ly, procuring, buying, storing and Imping intoxicating liquors- for the purpose aforesaid.' The other warrants charge that the dub 'and officers "do wilfully, mali ciously and unlawfully keep for sale, bargain, barter, exchange and distrib ution for gain, spirituous, vinus and iaaii liquors and intoxicating bitters within the city of Charlotte, county of Mecklenburg and state of North Caro lina." Tbe cases were set for hearing yes terday, the bonds of the defendants be ing fixed at $1,000 each, but the city attorney and city solicitor consented to a continuance till March 6th, as a courtesy to Mr. F. M. Redd, who was cmnlnwr! as counsel bv th defendants only Monday afternoon and had not Lai time to prepare his case. The taking out of these warrants esainst the club officers grew out of the Clem Wilson case, Wilson being a flerk in tbe establishment. Chief of Felice Christenbury signed the war rants. ... ..... ... r--n iCty Attorney Takes a Stand City Attorney Chase Brenizer, at tie suggestion of Recorder Smith,, was spirted by Mayor Bland to assist ICty Solicitor Parker in the prosecu tion of tbe whiskey cases, declared. his positioa in the matter in no uncertain terms at the court yesterday morn ing wtea tbe matter of continuing the cases against McCall and Alexan der came up. "I have been egaged to prosecute these cases." he said, "and I shall do so to the full extent of my ability." Recorder Smith said it might as well be understood tha unless all the clubs vrera brousht in he didn't propose to Eake an example of one club for an cfense that all were guilty of. 3Ir. Brenizer replied that he had no intention of playing detective and bringing up the cases himself but that te neant to prosecute the cases brought before him regardless of what club3 they happened to be. To this sentiment the recorder readily assent ed, the only difference between them being with regard to the law under ilch. tbe clubs operate. The city at torney was very emphatic in his at titude and gave the impression that he had a well-considered and definite plan for bringing to acount any who may' ce charged with violation of the law. May Use Federal License. ' I can tell you a plan by which every The race is to have you strength for , the : strength.that otrengfhForTho Pull m ') X&v .5 ; You pan biiy ;.strength Read these extracts i rem letters of gratitude frm" those who did : "rtSJrlhil'r?5.? nd rtiw,eth ba!si ImpMTfd wetf h mens fbaa Itnr did ta my I!f. J. Jf, Mrt bntn. Duiri u ot Milam. W. K. Radford. Va. A(tminf uvn bottle I ftodmyMlf -Harer Dm.L.v?T ,lnl ponndg of solid flesh. ta perfect bealtb, fine appetlta and feellBf better ""J a iV. . ' ; :""ur, rr . y a. ntnuuearuu in xo Tean, ra, a. Keynoiofl. unia. va. r raoreln JJUam but feel etronfer and bava taken ! z bottle of Milam and can truthfully R, h r .nd ble ,0 etand ua under my say J am fwllnf better than I iwrranonbM before, f 1 i pound, a. ,J?mnt' DanTtlle. Va. t sained Myrtle L BOBonald, wjta Wemple. Elleraoa 4 Co., ,bottlea ot Milanv T. B. Stalna- Vasbfnton, P. O. Milam benefitted me la almost f'4 I teeVbatt i - ' etTenSn bas returned eyeryway. Itlta maf nlfleeat tonlc-Harry W. HI- ? m.Bnn, ;jn tt'a,' ' S years. thak to land, Imn. Tobaaco Co.. PanTllle, Va. I be!lea U'wiof M ia ewprt,aw". Va. Took six Milam ta batka greateet medieina yet diceoyered e Uaint Jit? maB Claude Cur- for nervova and run-a wb jamy I. ehep Btowa, " Ask your druggist about tha guaranteed fVMM&t, - 3 J Tor GOOD BLDDD y club in the city can be put out of oper ation, said an ardent prohibitionist, the other day to a coterie of listen ers. "Howls that?" he -was asked. "Why, don't you know that every club has a federal license, which per mits retailing, hanging in a con spicuous place In the club quarters. The . clubs are not allowed to handle a drop of intoxicants without this fed eral license, which gives. the privilege This, produced in court, would be taken as prima facie evidence that the club is engaged la retailing. "But," objected a listener, "that would oe only prima facie evidence and there would likely be introduced evidence to rebut the evidence of the federal licnse. Whil the fedral licnse permits rtailing it doesn't necessarily follow that .the club - will use the per mission granted. There would be no trouble la offering testimony to rebut the evidence of the federal license, you see.' ; The gentlemen who argued the ques tion were two prominent members of the local bar and the bystanders lis tened with interest. . That the federal license, may be brought up as evidence against the clubs in the manner indicated above seems likely from persistent rumors on the street today, although the authori ties decline to show their hand and divulge the plans they are making for bringing the clubs to account who are alleged to be violating the prohibition law. The fact is known that the feder al license of several of the clubs have been called for. The statute under v which the clubs are indictable, according to conten tion of the member of the local bar, quoted above, is section 2060 of Pell's Revision, 1908, and reads as fol lows: "The possession of, or issuance to any person of a license to manufac ture, rectify, sell, at wholesale or re tail, spirituous or malt liquors by the' United States government or any offi cer thereof in any county, city or town where the manufacture, sale or rectifi cation of spintuous or malt liquors Is forbidden, by the laws of this state shall be prima facie evidence that the person having such license in viola tion of the laws of this state; and on trial of any person charged with a vio lation of any sueh laws it shall be competent to prove that' such a license is in the possession of or has been is sued to said person by the the testi mony of any witness who has personal ly examined the records of the govern ment office where record of such lic enses is- kept. NEWS FIRST FORECAST THE JEC1SK0 N The News was the first paper in Jorxn Carolina to announce that Dr, Henry Louis Smith, president of Davidson, would accept the presiden cy of Washington & Lee University. This announcement was made sever al days ago on the authority of one of Dr. Smith's closest friends. Vesterday afternoon Dr. Smith wired his officmial acceptance to Rev- G. B. Strickland, D. D., " president of the board of trustees of the presidency of the presidency of .the Washington & Lee University. ur. smitn succeeded Rev. Dr. J. B. Shearer, as president of Davidson College. When Dr. Shearer stopped his active work, Dr. Smith took the helm and for 15 years has steered the college safely, sanely, making of it a pride and - glory of the church the South. Of intellect second to none, of exe cutive ability of high order, a man of heart as well as brain, Dr. Smith is known throughout the South as one of the foremost of educators. Person ally he Is a man of wondrous attrac tiveness. A gentleman of highest type; magnetic and charming, he is an or nament, as a developer, of. any com munity. Dr. Smith has been connect ed with Davidson College for about 20 years, first as professor and for about 15 years -as president. His ac ceptance of the Virginia offer Is a keen sorrow to the student. Cehrlng Won Wrestling Bout By Associated Pres. Cleveland, Feb. .28. -Wrestling for the middleweight championship, Henrv Cehrinsr. of Cleveland, last night won the decision over Mike Yokel, of Salt Lake City, after three hours of hard struggling the strong up-stream pull of life are! you l your 2S? SI comes from good T Qood loaaccp ,Njg :m " AST? ft mm&' m HOUSE COMMITTEE jContinued from Page One.' adjusted net earnings for the same period amounted to $1,029,685,389 or an equivalent of approximately $13 per ton. In order that an idea may be had of 'the net earnings in dollars per ton of the several operating groups of the corporation, I have cal culated these figures and find the approximate net earnings of $13 per ion oi nnisnea proauct to have Deen earned: as follows: - "By - manufacturing companies $8.01 per ton. By coal and coke companies $1.70 per ton. By iron mining compa nies $2.12 per ton. By transportation companies $1.81 per ton. By miscelan eous companies $.36 per ton. Total, $13.00." This, the report says, is equivalent to an earning of 40 per Cent on cot. In accounting ; for the discrepancy between the earnings claimed by the Steel Corporation, $980,000,311 and his estimate of - $1,109,146,093, Mr. Mc Rae restored to net earnings what had been eliminated by the Steel Cor poration in its- accounting, including such things as ."interest on bonds of subsidiary companies, the locked-up inter-company profits in inventories, special depreciation admittedly charg ed to construction, employes' bonus funds and special compensations, ac count preferred stock subscriptions, which have been treated as dividends from earnings and not in the nature of additional wages to employes, and listly interest on bonds, mortgages and purchase money obligations- of sub sidiary companies.' As showing the result of the policy of the Steel Corporation to make the bulk of its profits in the raw and semi finished material, Mr., McRae submit ted, a condensed statement of the divi dents paid by the subsidiary compa nies to the Steel Corporation and the Interest paid by the Carnegie company on its collateral trust bonds,' from April 1, 1901, to April 1, 1910, showing a total of $753,124,386.53. , "The income from the Carnegie com pany, in dividends and bond interest," he says, "amounted to $305,239,537.49 or about 40 per cent of the total. The American Bridge Company paid the holding company dividends on its pre ferred stock during this- perlol to tue amount of $19,715,577.50, or two and six-tenths per cent of the total." The table of dividends for the nine- year period follows: , . The Carnegie Co. . . . . ,$227,28O,00d;O0 Federal Steel Co.,, com. 114.816J.82.00 Federal Steel Co, pfd. , . 81,157,128.50 National, Tub Co., com. 29,783,90o.50 National Tube Co., pfd. Am. Steel & Wire Co,, 27,299,737.50 of N, J com, , t , , , , 51.10,460.25 27,389,158.25 6,400,000.00 ?,779,153.Q0 7,418,690.00 3,634,372.00 8,184,948.00 Am. Steel & Wire Go,. of N, J, pfd, . , , . , , National Steel Oo, com. National Steel Co ofd. Am, Tin Plate Cq.? com. Am. Tin Plate Go., pfd. Anational silk flag in;eachr package rith pfd. . . . . .... 5,573,568.00 Am. Sheet & Tin Plate r Co., com 25,540,833.00 American Sheet & Tin Plate Co., pfd 12,004,804.00 Am. Steel Hoop Co., com. . . . . 1,330,000.00 Am. Steel Hoop Co., pfd. .. 2,041,497.51 American Bridge Co., pfd 19,715,577.50 Oliver Iron Mining Co. v2,400,000.00 Lake Superior ' Cons. Iron Mining Co. .... 66,659,969.03 Shelby Steel Tube Co., Pfd. 2,224,995.00 243,870.00 i,235,000.00 Pittsburg Steamship Co. Claitton Steel Co, ' $675,164,849.04 Interest on . the Car negie Co., Coll. Trust Bonds .. 77,959,537.49 $753,124,386.53 Relating to the restraint of trade there are 14 conclusions in the report, one of which deals with percentages of business done by the corporation. and in which the ore and other hold ings are discussed. "Percentages of the business done by the United States Steel Corporation, the report says, "are deceiving and misleading unless aggregated with reference to particular products. For example, Mr. Roosevelt refers- to an estimate that the United States Steel Corporation did not have above 60 per cent of 'steel properties' or 'steel hold ings,' and when he was asked if Gary and Fries (at the time of the purchase of the Tennessee Coal and Iron Com pany) said anytnmg aDout, tne ore properties that they were buying at the time, he answered, 'They did not go into details at all,' and he also stated that he understood they were going to buy the Tennessee Company's 'plant.' "If this estimate of 60 per cent refers to property and investment in the steel business, it. may be noted, in that year (1907), that the total property of the Bethlehem, Cambria, Colorado, Lacka wanna, Pennsylvania rand .Tennessee Companies added to the capital stock of Jones & Laughlin (because state ment of-property is not available), amounted to $365,768,889, these com panies being the only important con cerns in the steel business in the Unit ed States, outside of the United States Steel Corporation. This amount added to that of the United States. Steel Cor poration equals a grand total of $1, 811,606.339; of which the property ac count of the United States Steel Cor poration amounts to $1,445,837,450 or about SO per cent.T Conclusions In the report, bearing on Oriilttreix Ory FOR FLETCHER'S CASTO R A Children Ory FOR FLETCHER'S C A 3 T ORiA Children Cry ; FOR FLETCHER'S : restraint of trade are embodied in 14 sections, . some containing voluminous quotations from the minutes of meet ings of the corporation and of - the subsidiary companies. Summarized the report concludes: . "Competition between previously competing concerns was terminated by the concentration of the- control of upwards of 180 corporations into one-security-holding company engaging in no business except the control through stock ownership of the subsidiary companies. - There were acquired and brought under single control upwards of 180 concerns in lines of business allied with the steel-making business, in clding ore-owning and mining compa nies "which are now restrained from competing the sale of ore,": transporta tion companies, through consolidation of which every possibility of competi tion between these roads is prevented,'' pig iron plants, coal and coke com panies, and many others. There were acquired a large number of "major concerns at much inflated valuations-, succeeding several increas es in the capitalization of preceding in corporations, due, in some cases, to the greater combination value or merger of the consolidation, in which of course the units combined were restrained of any competitive activity. Specific instances are given under this head relating to three processes of combination as, follows: , "The original combination of major concerns to eliminate all possibility of competition. Combinations admitted ly or inferably having a direct effect to - remove competition or in the ac complishment of which the removal of competition was the declared or in ferred object of the consolidation. ' "Other acquisitions in related lines of business for which no explanation has been offered and! none appears ex cept the visible consequence, the re moval' of such concerns from the in dependent field. "The acquirement of a large num ber of plants which never were operat ed and some of them, dismantled, being removed from the competitive .field." The acquirement of other plants, such as the Clairton Steel Company, the Tennessee Coal and Iron Compa ny, and others, of which the report says: "Isolatedly considered, the pur pose in acquiring independent concerns may be entirely colorless, but when t considered in connection with the acquisition of other independent plants admittedly or inferably to ter minate competition, the continued pol icy and practice of acquiring control of companies engaged in its own Jine of busines may be corroboratory of the conclusion that the intention was to prevent competition of the concerns acquired, if not, per se .indicative of such intention." ' In this connection after a lengthy analysis . of . the . taking over, of the Tennessee Coal .'and Iron Company in 1907, the report says: "It may not be-possible to state the true intention in acquiring the Ten nessee Company, in a way which would be admitted ,by the men in control of the Steel Corporation, inas much as it appears to many experienc ed men who are also disinterested, i that the intention which impelled its acquisition was merely the desire to bring under the control of the Steel Corporation the, great posibilities ,ot competition possessed by the Tennes see Company. The. consequence of the acquisition should and must be held to have been intended in legal contem plation, even if the result so daduced conflict -- with the intention declared to be in1 the minds of those responsi ble.' The. acquirement of 45 plants, listed in the report including many small bridge, 'Wire, nail, sheet steel and other concerns, "consolidated for the restriction of competition" and "when Considered collectively with many sim ilar instances of absorbing and com bining separate small plants, lead to the conclusion that the object in view was the restriction of competition." ! The interlocking of directors of the Steel Corporation and the purchase of stocks and bonds of other companies and various outside transactions of en ormous size, the report discusses at length in support of the claim of pow-' er of the corporation in restraining competition. ; The policy of 'the corporation result ing in enhancing the prices of raw and finished material, in which the report says: "The Steel Corporation of fivers reatest V Great Success Has Attended Lawing - Robbins Furniture Co.'s Big Sale of Bed Room Suits. ON EASY TERMS. 21 More Buyers Can Be AccommocJated ! Magnitude of Our Offerings Impresses Ever) body. This remaining 33 will be closed out at $1.00 a week, regardless of prices. This week , we have on sale two solid car loads of Bed Room Suits consisting of three ,pieces each, one Dresser, one Bed and one Wash Stand with glass. ' . ) ' ; . We made' an unusual drive in, securing these Suits and they, are first-class in every respect and fully guaranteed. We bought them at several dollars off each individual suit, from; the manu facturer's price and we are going to sell them as we bought them giving our customers the benefit of the saving of from $5.00 to $12.00 on each Suit. You can't go wrong if you buy one, of these now, they won't last long. A cash saving of $5.00 to $12.00 on each 6uit don't miss this, r' . ' i 0 THE LOTS ARE BEING BROKEN STILL WE-HAVE A GOOD A S S O RT M E NT. These Suits are all Neat, Nobby arid New. This is the biggest opportunity that's come your way better seize it if you ever expect to need a Bed Room Suit, y Come in and look at the grand display. EVERY SUIT. MARKED IN PLAIN FIGURES. One Price to All: is our motto. . , j ' ' tawiffiff-iRoljbies Furniture Co. j Final Clearance ' ' T ')' Garments;.: ,'; ( i - 1 - i tit t -:!-'". www wn .y ... , t EVERY COAT MUST ; GO! The policy of this store must be carried out at any cost. As " we do not carry any garments over from : one season to another, it is absolutely essentia! on our part to close- out every Coat i n store at once, therefore the reason is simple as to this sacrifice. ACTUAL VALUES UP TO $25. Advance Spring rtrrc See Our Window Display of Values. Remember: ALTERATIONS FREE, of charge, includ ing Bust Forms and Findings openly declared the policy of buying all the available supply in order to keep up the, price." Many quotations from the minutes of meetings are giv en in support of this. The control of ore by the Steel Corporation, 76 per cent of competitive ore in Minnesota, 500 million tons in the Soutu, "in all 200,000,000 tons out of 4,462.940,000 tons of commercial ly available ore in the United States is an ownership and a control which must interfere with competition.' ' The resolution that subsidiary com panies of the Steel Corporation shall refuse to handle orders for export business and that such orders must be turned over to the United States Steel Products Export Company, through which: the subsidiary compa nies preclude themselves from compe tition, for export sales. . , "The result," the report says-, "of enforcing these resolutions and ar rangements is that materials for ex port must be bought from the United States Steel Products Company, and buyers in the United States who wish to buy goods for export are compelled araains g ever " -Heard One lot Suits at. . . One lot Suits' at.... One : lot Suits at. .. One lot' Suits at. . . One" lot Suits at . . . One lot Suits at. One lot Suits at. . . $31.50 .$36.00 $45.95 $42.75 $33.75 $37.35- $40.95 . - ililliSlililT I to pay an additional profit to the U. ! I s. Steel roducts Company.' -::) ': ',;. ' 1 ;CONTEST DEPARTMENT . . OPEN EVENINGS. The Contest Department of THE NEyS "will be open Irom 9; a. f m. until 9. p. m. Those that, are interested in the contest are invited to call. Representatives of the Contest Department will be present to give full information to all those that call. The Contest department can also be reach ed by Telephone,' iall No. 115 and ask for the "Contest De partment. , THE CHARLOTTE Auction House, 7 ; South Church, will dispose of your; old furniture. Sales every Saturday.. W. A. Gresham, Auctioneer. j , 10-26-thurs-tfj m . on Every Hand if $1.00 DOWN and $1;C0 PER WEEK TAKES THE RE MAINDER OF THESE : : : : i aw t 1 . i,f Am. Sheet . Steel Co., 24 SOUTH COLLEGE ST. (Note, New Location.) I
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Feb. 28, 1912, edition 1
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