North Carolina Newspapers

r TIM The Times Covers Concord and ' Cabarrus ( Comes Twice Each Week and Price is Only One Dollar a Year. PUBLISHED TWICE! A WEEK. ' Like the Dew. John H. Shehhii.l, Kattor and Publisher. A H . DUK IN ADVANCH. CONCORD, N. C, TUESDAY, AUGUST 28, 1906. Number 17. THE 6- 1 1 V J ir V V V I 1 1 MUST IxK(jR0 TROOPS GO I CITIZENS BANK AMH TUiLST COMPANY. B H 1 m' " B I e 1 D B : I 1 B CO r.illoti M l Marsh 1 ' ' ... . i .1 t i..u:.,.rt. cii-m W.-ie-nnor B y . A r.ost i .n" i -i.i"i"s ...... - B. I, V. W. Morrison A. Jones Yorke i.V N :iiiu-i Chas Mdn:M H 1- I'arks N I- Yorke. L I,al,mon 8 L I ; I ; CROWIvLL. Attorney. I Blue Serge Sclra Suits Yvi j Have no superiors when E islv I'onies to elothes for all i -&YK kiixls o! wear. Tliey are 1 WWlterJk s-'.mfortaMe. 0,1,1 I I M 'fi'" iW"M convenient lor day and S 'fcf'Wfll. IfflV evening wear.' I mjMm J You can,t thro' SUmmCr With" dg We have just receive.! a ' 'rj K-cially values, sin- M $.2.50 and $15 I fMl Color and fit guaranteed. 1 I BBAiso-. CL0THIEIIS. JAMES B DUKE ON TRUSTS Why a NATIONAL BANK is Best A National Bank is under I'nitcd States Government. the sujK-rvision of the 2 Laws governing National Banks are very strict. Thev are required to submit to the government a sworn detailed statement FIVE TIMES a year. 1 The stockholders are held responsible for DOUBLE the amount of their stock. This is tor the benefit ot the depositors. The capital stock is required to be paid in cash, and must be held intact for the benefit of the depositors. r, The Bank is required each year to add to its surplus account before declaring dividends. This is for the further security of the depositors. 7. A National Bank cannot loan more than 10 er cent, of its capital to one man or firm. The Concord National Bank Capital $100,000 Surplus and Undivided Profits $26,000 No large amount required to start an account. J stiii iiiiiiiiiiiiiuiiittiiiiiiiiiiiiiiimiiniiM i t ? m ; Si We have our Warehouse filled with flour, Shipstuff, Mt .il. Corn and Outs. Be sure and get our juices be fore you buy. Bring us your Butter, . Uggs, and Chickens. Will give you the best market price. . . . . t i wnat you Leave t With Us t t i DOVE-BOST COMPA'Y S 1 1 1 1 1 1 1 1 1 1 1 1 hi ii n 1 1 1 u 1 1 1 1 1 u u u i u i it i ri 4 1 1 ix ! . ,r ...I,. A snli'iuliil 4(.-;u re farm on ' I I hit. Ii lititlnl.i ntt!:, in . Mi.vn.hii. alj"ini HC M"s- M-'ry L. ' Kit. Ii..' .iii.l .V l-'.il. with dw.-r.inn. ,l,arn. ..utUliMinK- an.l -t . li.tr.l- I'ru'f .,uly il -0. Jii". X ldtt i-fMJii A C.j. T t' 1-iinls its way hack again t Miu. What you sinnil witli tar awav houses is most likely . .in tur mil :tnl all. liverv iloilar siK-tit on jewelry uit ot town m.ikrs you, us and ever ImhIv else that mueh po Ter. Kl'.( il IvS'l Bring us the mail oriler ni.in's (iroosition, and we will show vou how easy it is Ii u us t i iluilieate it. Yerv likelv we will he ahle to M( iKIC than iliqilieate it. It will Ih- worth your vh':le to prove tin- for yourselt. W. C. CORRELL. Loading Jeweler. Head of Givat American Tobacco Company Tells ot Its Rise. New N ork I i ihuiii'. Under o-th. with the lawyers on the other side in nagging- pursuit. James Buchanan Duke. f the To-liMi-eo Trust . rerentlv admitted that he was worth $:;hkh,uih). The roofs of this fortune wore two blind mules and " cents in Yankee ilvor. Also, there was a snarled and barren farm. There have been two leading I Hikes Washington, the man with the mules, and James Buchanan, the man with the millions. There are other Dukes, hut they have lie-en merely contributory. Washington is dead. He lived until he was So, in the full taith and tcr feet eace of a Christian, although there are plenty of good jeople who will say that the fruits of his fields and the products of his factories are among the implements of Satan. James 1!.. the son of Washington, inherited his personal qualities and genius for business. To this patri monv must le added, however, a dare-devil spirit that has paralyzed more than one intrenched" and confi dent competitor. "Do you know how to spend money?' the younger Duke once asked" a new man who had come into the business. The man confessed that he didn't. "That'sagainst you." Duke replied. "Spend a lot wisely, but in the outward show of folly, and the other fellow will always run. In looking for the nerve centre of a competitor don't waste any titne on theories or expe riments, but hit him as hard as you can in the pocket book." When the Tobacco Trust Ivgan its campaign for the trade of Kngland it paid $-")() a share for the stork of the largest concern in Liverpool, doubling the market quotation and thus obtaining control by t he celerity, linifiiiiin and audacity of its oiiera- tions. James B. Duke generated the tight himself. Thirteen British cotn- ii'ini.K oinck v coniinneii airamsi i ....... . - him. Thev spread a bulletin all over the kingdom promising $-J.".iummi an nually for two years to the retail lealers who dealt with them exclu sive v. Duke met me exigency in stantly and by P-legraph he agreed to distribute si .oon.oon a year lor four years, llesiiles, ho would ier- mit the dealers to keep their pntits. Moreover." he said. "1 am opposed to boycotts. My otter doesn t pre vent you from buying from whom you please." Yet this man. only a few years atro. moved out ot atur- nished room in New Yorkwhuh cost nm a week and took another be cause it was a dollar cheaier. lireat Britain yielded with the knife at its throat. Under another name the Tobacco Trust of the United States is doing business inrougnoui trie British colonies, and Knglishmen, let in as a stroke ot tmiucv, are interest ed in the division of territory and the profits of the combination. W hi e he talked witn me Mr. uuko moved around in his chair with en ergy. He is a tall, robust man, with thin, reddish hair, dark blue eyes and a smooth, tlorid face. His cloth ing was as plain as a farmer s. A person who is familiar with him, says he has never tasted intoxicating liquor. "My father," Mr. Duke said, "was the wisest and best man I have ever known. Until he was 4" years old he had lived in the country, out of contact with the world, save in his narrow community, but he went in to business and made a fortune. In his youth he rented land and with . . t i a . r his meager savings nougm a iarm. At the opening of the Civil Waj he owned otM lean acres, but nothing else worth mentioning. W rule yet a linv he was converted at a Metnouist revival, and ever after lived a con sistent Christian life. He despised secession, but followed his State into the rebellion. After the war, how ever he lierame a Republican. At the acre of 40 he sent his children to their relativesand joined the Confed erate Armv. "(in thp ret mat from Richmond he was captured by the enemy, but was soon released, lie walked nome. 1:'.." miles, and sent for me, Brodie K., my half brother, Benjamin New town, my own brother, and Mary Klizaleth. mv sister. I was 9 years old and Mary was 12. The whole fam ily went to work. Mary was house- keener We alwavs regarded her as beieg a member of the firm. She was consulted and received ner snare of the profits along with the rest of us. During his long tramp toward hnne my father traded a $" Confed oMte note for fM) cents in Yankee silver. He bought two blind mules from my uncle. With his thin acres, hie fhilHren his blind mules and his half dollar he began the business of growing tobacco on little patcnes oi loml near the house. In fact, he couldn't have grown anything else. "Our crons were small, w e cureu the tobacco in a lotr barn, under u.hich we had a tire to give it the - ill. rio-ht po or. have wonoercu wny 't burned down. We granulated the tobacco with a com- H:n sitrei it ani nut. i in uan-i. I remember that it took a piece oi muslin one yard long and one yard wide to make a bag, ana mat. eacn baer contained 6' pounds, wan me blind mules and a tumbledown wag on we peddled mo tobacco in winter to country mercnanis anu oiners. "But when did you go to school ?" "I had an opportunity to attend college, but did not accept it. In uteaii at the atre of I. I adked my father to take me into business as a partner, and he did so. giving me a sixth of the property and profits. H was then makincr about S7.0I0 a year, had given up farming and had started a tobacco factory in Dur ham, N. C. He would have been lietter pleased, however, if I had gone to school. While his own ed ucation had been neglected, under the pressure of circumstances, he believed in education for others. "But while he desired to have me goto school, he sympathized with mv ambition to succeed in business. Ou r first factory in Durham was a WOl iden building' 70 feet long, 40 feet wide and three stories high. We employed h" hands, but it wasn'-t long before our buildings covered bJ acres of ground." "When did vou come to New York?" "Ih 1:! 1 concluded that monev could be made in cigarettes, and be gan to manufacture tnem in a sman wav. Our capital at that time was mO.OUCi and the business was owned bv mv father, his three sons and a man in Richmond. I came to Now York in lsS4 to give the manufa - tnro of ciu-urettes mv ix rsona atten tion. I realized that hand labor was too slow and costly, and that a ma chine would have to do the work. The other manufacturers lauerhed at me, and were tree to predict tnai i would end in bankruptcy. I spent most of my time in experimenting with a crude machine which I ha 1 bought, but"- "It was at this period, I suppose, that you moved out of a room and took one that was -a dollar cheaier ?" "Yes, but 1 wasn't prompted to do so by avariciousness. I needed eve re cent 1 had for my business. I toiled all day at the factory, and at night took my cigarettes under my arm and urged them upon the retail deal ers. Therefore, 1 didn't have much use for a room. No man ever work ed harder or longer than 1 did be tween the vears and ISiH). 1 am glad to say that my labor was rea sonably successful. 1 became a;-' quainted with a broker in leaf to bacco, a shrewd but eccentric man man, and he loaned me $4U,(HH. No one else in New York would have loaned me 10.IMMI cents. But he had faith in my plans and confidence in in me ami 1 got the money. I was a heavy borrower in those days, but my plans were laid in prudence ami my maturing obligat ions were inva riably protected. I managed the business in Durham as well as here. In ll.o we sold everything we had to the company of which 1 am now president. We received $7,"(0.ikk! in securities. The business we turn ed over to the new company returned a profit of $ 1. lui.lKiO the first yea .'" "The market value of the shares ami bonds of your company is $lui. (MK).tHHi. Hao you that mueh visi ble property "No. Factories are a small part of the tobacco business you can build them any time - but brands, or trade names are evervthinir. It takes years and barrels of money to rwtQhlwh a brand of tobacco and make it profitable to the manufac turer We have one brand of smok ing tobacco which nets us $li,CHi,ixHi a rear. I wouldxi t sell tne simpte right we have in its name tor Mo, imhUhmi cash in hand. Moreover, we always have a new brand comine on We are now sending out our best known smoking tobacco under two names - its old one and a new one. Wo am nnshincr the new brand a- harrl as u'p can nrl vertisinc it exten sive v and tnvinir awav samines. but ofipm imc effort we are se nnir on v 400 pounds a day and losing 1 a a pound at that, we tost l.ooo.oi" a vear for four years fighting the men who produced the best plug to Iiqcco in the word, i hev nad a sale and hitrhlv successful business, and it would have taken us ten years to make our band profitable ; even then thev would havp had their own brand process, and only the worst possible management could nave injured them. But they became frightened and sold out." "A case of pure nerve on your nart " " And monv. Nerve is all ritrht. hot it is not effective unless fortified ,. ith m.in.iv NTerve with an emntv !,.. Ul"i I. . ' - - ...... I pocketbook is merely bluff, and bluff is the common refuge for cowardice and impecuniosity "How do vou advprtise ?" "In everv wav known to modern husiness We have colleere traternitv mm for instance, sellintr cigarettes. , . . . , T l . Kvprv ma a immigrant wno lanns ai Ellis Island has a package of smoking tobacco put into nis nana, tie sees the name and remembers it, and when he sroes to Texas or Alaska car- caries memory with him. "llnw manv nersons do vou em plov?" "Uitrhtv-two thousand. Our sales nmiinnt to S17." 000 000 a vear. We have between three and four hundred retail stores in this country. "What have you to say about the socalled trusts?" binations of all kinds shoul serve the public thoroughly well at only a fair protit and keep on improv ing the nualit.v of their products. The men at the head of the Steel Trust could have erood times ier manpn tlv if. contrary to Andrew Pornoo-ie's nrince and uauner theory thev fixed a reasonable standard of n m fit and stuck to it. When a buyer ic h.arled iin with the thiners he deals in he d uits purchasing. Neither has the Sugar Trust perceived tnis incon trovertible, business truth, "On the other hand, the Standard Oil Company is managed with con summate sagacity it knows the plain rules of trade. Several years ago 1 laid down the principle that our customers should be taught to buy than was needed. Under this prac lice the dealer, we find, is easy in ti iilte Uie Ut an! , we liuu, l e.is.l ill ins i-nind, his capital is continuously em- Congress May Be Asked to Do Away with ployed, maturing obligations given him no concern and our surplus stock 5s in our own warehouses and not scattered all over the country. Busi ness men should work together in maintaining prosperous conditions. A dollar in hand doesn t make up tor :he certain loss of 10 in the future. IThere is no sense in .selling a dealer jnore than he can use you do U. i v tio food and a vou brine a ier;od of stagnation to the maikrt -n far-a ts concerned. "Another folly is the payment .f dividends overhastilv. When my four partners and 1 were making 200,00 a year in our business we each drew jmoo.ihi a month and no jnore I saw to that. There wi re Complaints, and on one occasion, a threat; 'You own only one-fifth f the concern,' my partners said. 'We jhall vote a dividend over your fend. We have families and must Them Entirely. Iie. 'Ai you do,' I replied. T quit.' 1 he dividend was not authorized and the poney which would have been neces sary had it leen voted wa employed o extend our business " "Can a man earn a fortune ?" ? "Not on a salary. nor by the sweat jf his brow. Necessarily, one must fce economical and selt-denying until he has capital with which to begin business. Thousands of men are do ifig well, but they spend every cent tjiey earn. Having obtained a little capital by industry and frugality the tfian who wants a fortune must see sbme need of the public and then rtch in and supply it, no matter $hat it costs." legislators Have Too Long Turned Deaf J Ears. . IJliubertiiii K!i-Sii;tt. 5 The Mecklenburg Democratic ispunty convention Saturday set an uxample that all counties sh"'i!d f '1 lw. S.Our legislators have turned a deaf efir, or if they have heat d the pleas ( o many for the better care of tjiir insane, they have been dumb ii. tjjoir duties in this matter. Surely tfiere is not a constituency anywhere ifli the State that would criticise its representative adversely for favoring aid working for more adequate pro vision for our insane. This would not lie a sensible reason for failure t do so. . Till Vrlliiw I I'lrr l.i rin hs rpcontly le?u (Uscovired. It ! ars a cljne resemblance to the malaria germ. Tfj free the sygt em from disease ner ins tlje miKit effective renieKly is Dr. King't Njfw liif (Inaranted to i-ure all dqwaeK tiue to malaria poison and con ritjation. 'i'ti at all Drng Stores. S..-. i.i' 1 i i 'i i t-I i : t - ( liscrer. W sniNc,To, Aug. ':!. The most vexatious jiroblem now confronting the War Dejiartment is the disposi tit.n of the negro troops of the regu- ; lar armv. 'i'he killing of a w hile cuiA'ii of Brownsville. Texas, by (he colored soldiers of the Twenty-fifth Infantry has brought about a' crisis he-which has been developing lor some time. No community in any section of the country wants the negro troops. When they were stationed at Fort Leavenworth, Kan., at the fort in Des Moines, la., and in other sections of the North and Kast there were vigorous protests. When the negroes w.-re sent South there was a strong protest, and finally the De partment decided that the solution of the question was to send them to t he l'1iiiipi'in,'--;- This decision created s.ic'n . iolent opposition on the Killi pit.os that Secretary Taft was forced to i -sue an order directing that no more nero troops be sent to the I'iiilipine.s except for service in the island of Mindanao to tight the -black M-'tos. The only n. gro troops that can be sent to Mindanao is to relieve those there now. The War Department is in a pre dicament. Congress directed that four negro regimwnts be enlisted and these regiments have been organized since the latter part of the civil war. Wher.eer these troops are moved from one post to another there is trouble for the' Department, until the situation has grown so bad that that, at its next session Congress will be asked t pass legislation re pealing the law authorizing the en listment of negro troops or to adopt a resolution directing that the color ed troops be assigned to posts regard less of the protests of the people. It is stated that it cannot longer be de nied that the sentiment against the m gro is gyovving stronger in every section of the country, North and South, and one of the iirst problems to be solved is that relating to t he n'u r -" '.die'-. j mr mmtoi&mtmi r.s-srr ' -v4iV SURE MIKE!" "The St. dv that Satisfies" stands behind it --"null seil." M-jm Star Leaders sold in Cabarrus euunlv in the past live year- than all other stoves combined. All we ask you to do is to visit the junk piles. If you find a "Star Leader' 'we will give you a trade for it, and we have been sell ing them for 15 years. There are three l 'ai-. '1 : nil v. here tie places m roes are u North t tol- rate.l iilatre d i i u oil Mitchel : be e;ei v r 11. r r.ignt. ( 'anion, bea n iful or; ai;d These are the in Hawood ifice on the Madi-on and unties. As far back as e ;.!! ii v of man runnet Ii n ne bas e e'r passe.l a night in Canton nan work there in day time, as .43 MATTRESSES ! Another ar of Kowan Mattresses. We a iv prepared tip votir Matlre-- needs in m'cat shape. fo lie ca" ic. Madison and at niv r.t lie mast skid found alter sundown told : hat it is nm In and Ik- travels. Mitchell, but to. It one is he is quietly ilt In for him A tTtTTTTTTT-r i b M Hit it iK Our line of all kinds of Furniture full and complete. Corne and see; it I V L I U Y I I I I I ' U ift o rui ui'iii iiiIiX-I tf nm i ( ui n n I: fiinviTiin A- 1 h 1 1 1 ; A I K H vuuh w mv Y r 0 P f lift YOU! DO YOU WANT IT? Our Great Stock Reduction Sale has come to a close and we take this -means to inform the general public that we are well pleased with the results, and wish to thank all our friends and custom ers who so generously helped to make it a success. THE DAYVAULT COMPANY Do not believe in doing things by halves nor do they believe king stotements that mil not bear investigation, and while we have made many neyv elastomers and friends it is not our policy to sit still and say nothing. We are going to get fnto thrhabit of expressing ourselves. What is public opinion? It is i the concen sus of popular expression, and from now on we want , you l to look for ma we will have something to say that will mean MONEY OR JOT. We expect.to have the "concensus of popular expression ' in our behalf, and the manner in wnicn we expect to succeed is hv jfejrjdhonestdeing. best goods and low prices. . The Dayvault Company have never allowed themselves to feel that in simply giving his or her money's worth they had fulfilled their whole duty, but tried to perform that duty m such a way as to assure them of their appreciation of their patronage. Our Cash System is Doing the Work. We pay spot cash for every dollar's worth of goods u e buy, and take all discounts and we intend to educate the general public to come to our store and see for them selves that we are in position to look after their interests m every line, and in such a manner as to warrant a generous share of their trade. Our Grocery Business will bo extended in every line. You will see great doings iu Uih store before Ion-;. Wu want all your produee, butter, eggs, ... .i iw. tr i Ii . n,l w;ii lKlv the tot. of the market. Our Dry Cioods, .Ntions, ( lotlun- Mioes, Mat-, wagons, uuggies, m- . . -ill i .-s. it i m i' Trii j i i ft t iii m 1 1 1 ii ;i i 1 1 ii k .tiiii t imii ii icn iuiu mk ih. 1 . " . ,i u' l I Ci 1 II I ) V 111(11 IV. Mill i T 'vi i . ' I I 1 i t ' k k iyti- - i 111 111 ri V . t'Ll . . Hill K - i tv v v. . , - - - t , i v . . - s - , , , g tnuh etc your '.MouW talks, and it vou want to see an explanation of it :ive ih a cliaiicc to figure with you. Come to the Cash Store. Come to the Cash Store. THE DAYVAULT COMPANY frequently and no more at a time 1 1 i It