Newspapers / Greensboro Telegram (Greensboro, N.C.) / Jan. 5, 1898, edition 1 / Page 1
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... i.- rne.-orfeeinis , - : - VOL. I. NO. 134 1 G REENSBORO.' N. O.; VDN ESD AY, JANUARY 5, 1898. Price T wo Cents cq R I H D X E J N & M' The above letters con- - V : A stituje the name of a well known business firm in Greensboro, whose ad vertisement will appear in this space next Thurs day, and will be of great . interest to every lady in g the city, for it will speak g of something which no lady ever gets enough of: Don't Be Fooled A. A. Waterman's "Standard" r...-i in Done afp the only modern " pens. Beware of Old-Fashion Ideas! W B farrar & Son Jewelers Established 1868. I Have S -Toured a First Class Cook, and am fully prepared to serve the good people of Greensboro. Remember I only cater to the best trade. f Central Cafe, e. n. GRADY, Manager. USE Tar Heel Cough Syrup and Stop That Cough. Trial Bottle Free, at Asheboio Street Pharmacy. Geo W Kestler & Son, Props W C Porter, Manager To Our Friends: Hoping that each one of you have spent a jolly Christmas and wishing you a happy New Year and abundant pros perity throughout 1898. Call on us at the old stand. Respectfully, VUNCANON & CO., Reliable Grocers. South Elm St. 'Phone No. 2. When Out for Your Christmas Shopping call and examine our Holiday Gopds We may aid you in settling the Gift Question. Gaston W. Ward Druggist. A' PA1B OF ASSIGNMENTS. . . ..-. v : ;- s :. A J. L King & Company Go To The Wall. CLAIM THEY WILL PAY OUT. Liabilities And Assets About $30,000, Charles L. Andrews Also v Assigns For $800. There was some stir in business cir cles here this morning when it was an nounced that the large tobacco manu facturers J. L. King & Co., had as signed. Tiki deed of assignment naming John W. King as assignee was filed yester day though nothing was generally known of the failure until this morn ing. For a few hours the register's office was kept in a stir by attorneys, creditors and newspaper men who wished to consult the deed of assign ment. The firm is composed of John L. King and G. H. Mc Kinney. The property conveyed in the deed of assignment is the factory and all its equipment, machinery, fixtures, furniture, tobacco and all outstanding notes due the firm together with the vacant lot between the King factory and Leak factory and a one fourth in terest in the Leak factory which J. L. King & Co., own. PREFERRED CREDITORS. The preferred creditors are divided into two classes. No creditors were preferred except such as had endorsed the company's paper and which Jthe company felt bound to indemnify and preserve from harm. First class A note of $5,000 given to the National Bank, of High Point, on April 24th, 1897 with W. E. Bevill and R. M. Rees as sureties and a $2,500 note given to the same bank with the same sureties on the 24th of July 1897. Second Class A note of $2,000 given on Dec. 8th, 1897 to the Pied mont Bank here, R. R. King surety and one for $1,500 given to the same .bank on November 26th, 1897, same surety. There was also a note for $1,000 given to the National bank here with J. W. Scott surety and one for $600 to same bank and same surety. The whole amount of the liabilities is not accurately known as yet, but will be something over $20,000. The preferred indebtedness as seen above amounts to $12,600. The miscellane ous liabilities are therefore over $8,000. This is the statement as given by Mr. King to a Telegram reporter. Mr. King also says that the total amount of assets is about $29,000 if the prop erty can be disposed of for any thing like its face value. He thinks that even allowing for the sacrifice usual in settlements by assignment the cred itors should be paid in full from the assets in the hands of the company. This of course can only be determined accurately after further investigation. Mr. King states that private ar rangements for closing up the affairs of the company have been made by which settlement will not cost more than one-fourth the amount of the or dinary method. As the factory was not running at present no one will be thrown out of employment by the failure. The assignment was precipitated by the near maturity of the large notes mentioned above which, as stated in the deed of assignment, the company had not the cash to meet. The failure will not effect other business firms and there is no uneasiness' felt as a conse quence. CHARLES L. ANDREWS ASSIGNS. Charles L. Andrews also made an assignment last night to G. Will Arm field. The liabilities of Mr. Andrews are about $800 and . the assets nearly the same 11 they realize well, if not they will probably fall under, Mr. Andrews preferred all home creditors. -J3e gave up everything to his creditors, though he was entitled to retain prop erty to the amount of $500. So soon as arrangements can be made the affairs of Mr. Andrews will be wound ' unrae EltAU UMH' VHUT' The Local News from Our Neighbor ' Briefly Told. Telegram BuftEAtl.T -High Point, N. C, Jan. 5, '98. f Miss Bertha Hunsucker, of Sanford, passed through last night en route to Salisbury to visit her father. Mrs. A. Johnson.who hasbeenjyisit-' ing in Durham, returned tp her home last night. ' Miss Clayton McCrary, of Lexing ton, who has been visiting the Misses Alexander, left this morning for her home. ' C. A. Bar bee has been attend court in Greensboro this week. E. D. Steele and T. F. Wrenn spent yesterday in Greensboro. S. P. Thompson, of Reidsvilletop ped over in the city last night. He was on his way to Trinity High School. The Misses Ross, of Asheboro, were in the city last night. ? E. W. Lyon, of Greensboro, arrived in the city last night. Miss Wade, of Salisbury, who has been spending the holidays in Troy, passed through last night en route to her home. , . J The town force is doing some much needed work on the sidewalk on Cen tennial street. Ying Lea has arrived in the city and will open up a laundry next week on North Main street. There will be a reception tonight at the home of J. A. Lindsey for the Home Lyceum. All anticipate a pleas ant time. Will Cox returned to Guilford Col lege this morning. ' Miss Ethel Diffie, of Central Falls, returned to Greensbooro Female Col lege yesterday. C. L. Lindsay, of Chapel Bill, who has been in the city a few day, left for home this morning. Miss Emma King left this morning for Suffolk college. IT 13 A BEAUTY. The Handsome New Hose Wagon has . .. . - Arrived--- r The Southside "Hose company are the happiest lot of men in the city.' There new hose wagon was unloaded this morning and it is a beauty. The sides of the body are ornamented with pretty monograms of the initial letters of the company's name. On each side of the elevated seat is a handsome nickel plated lamp and just below and behind the lamps are two tanks for a chemical fire extinguisher. These are also nickel plated. The wagon is painted white with red, blue and gold trimmings. The rods and hand-holds are all nickel plated. The boys tell us they will carry about 600 feet of hose. This beautiful wagon will be run out on the streets in a day or two, and you can .see how it looks. An Elegant Hotel. It is said that the new hotel, The Summit, at Carthage, is one of the handsomest in the State. The plaster ing and placing the mantles was done by McClamroch Bros., of this city, and they have done a splendid job. The parlor is finished, mantle and all, in white and gold. The dining room is not the least at tractive room of the house by any means. It is 32x32 feet and handsome ly finished and furnished. The building has 38 rooms, and is owned and conducted by John R. Shaw, formerly of Louisville, Omaha, St. Louis, but now of Carthage. This writer has long desired to see a move ment in Carthage to make it a winter resort and we hope Mr. Shaw has made a long stride in that direction. Possessed of many natural advan tages, it is admirably adapted for a winter resort. Its water is pure, air invigorating, and the people as clever as can be found anywhere. Bryan Back From Mexico. Kansas City, Mo., Jan. 4. Wm. J. Bryan and wife arrived here today en route home after their trip to Mexico. At Muskogee, I. T.. where Mr. and Mrs. Broan were the guests of Judge and Mrs. Wm. M. Springer, the Ne- braskan last evening spoke in the open air to the largest crowd ever gathered in Muskogee to hear a poll tical address. Mr. and Mrs. Bryan took breakfast at the Coates House and left later for Lincoln,' Neb.', where he will attend a dinner this evening, given in his honor by the Byran Traveling Men's Club. To Cure a Cold In One Day. Take Laxative Bromo Quinine Tab lets. All druggists refund the money if it fails to cure. 25o. TO GUARAHTEf CHIHA'S LOAN England r Will tch For The Cele$tlai(nplre. WILL - COTTON JAKE A RISE? Marked Increase In Its Export Pres. Ident of Uruguay Will Declare Himself Dictator. . ByCatyle to Turn Txlsghax. . London, Jan. 5 Lttle doubt is en tertained in financial circles here that the British government has agreed in theory to guarantee e Chinese loan of 16,000,000. There Is good reason however -to suppose that the exact terms iave not yet been agreed upon. FOREIGN DEMAND FOB COTTON. Br Wire to Th Tdb raw. New York, . Jan. 5. The increasing foreign demand for American grown cotton and the ' augmented shipments to England, and Japan recently has caused southern" growers to have more confidence ia their staple. It is said today that the outlook for the new season is especially bright. Brokers and commissionmen of the New York dotton exchange regard the figures of increasing shipments as possibly pointing to a good era in cotton grow ing and that prosperity is bound to accrue to all i cotton handlers, from producers to consumees. A TEA POP TEMPEST. By Wire toTKBTBLBGRAit Waehington,Jan. 5--An official dis patch to the State department says that President Jjse Cuestras of Uru guay is about 16' declare himself dic tator and that revolution will follow The United States cruisers Cincinnati and Castine are at' Montevideo to guard American Interests. DIRECTOR SJ lITJiVS TRIP. West India Islands. V Mr. Jos. Smith, director of the bu reau of American republics, is about to make a voyage through some of the West Indian islands, for the recuper ation of his health. Mr. Smith is at present in Florida, where he was or dered by his physician during his con valescence from a long illness. Inci dentally during his trip he will stop at Havana, but it is declared positively at the State Department that he is not charged with any mission by the United States government, nor is he expected to make any investigation or report touching Cuban affairs. Joyful Laughter Radiant. Col. Olds writes the CharloW Ob server: John R. Smith, commissioner of ag riculture, was in his -seat today and Secretary Joyful Laughter Ramsey was positively radiant with happiness at the advent of his new chief. John R. said he did not know any news, but Dr. Ramsey said there was a marked renewal of interest in North Carolina properties, and that during the past fortnight inquiries have poured in regarding mining and timber lands; more in fact than at any time last year. There will probably be many farmers' institutes this year and one of the chief features of these will naturally be the talks on agriculture by the new. commissioner. Sent to an OrpfaaiKABylum. Some of the kind ladies of the town are arranging to send the children of Ryan to an orphan asylum. Today they solicited and received gifts of goods from which clothing will be made for them. The Cone Company gave them a "hundred yards. The names of the other charitably inclined, firms could not be learned. A Remedy for Typhus-, and Other Fevers. City of Mexico, Jan. 4.--A sensa tion has been caused in medical cir cles of Mexico by the discovery by Dr. Miller, an American resident of this city, of a vegetable preparation which has been proven an absolute eure for the worst ' cases of typhus," typhoid, and malarial fever. Drr Miller ob tained the remedy from" a tribe of In dians in the State of Yucatan. There were sixty eases of typhoid fever among the employees of a hacienda owned by Dr. La Torre, in the State p Queretaro. Dr. Miller was sent for and-applied his remedy, with the re sult that every patient quickly recov ered. . ! MANDAMUS GRANTED. Treasurer Snuggs Ordered to Pay to . -r 1 . : the Attorneys $3 ,000. Salisbury, Jan. 4 A telephone mes sage received here tonight from Hon. J. S. Pemberton, of Albemarle, gives the information that a writ of manda mus was served on County Treasurer Snuggs today, commanding him to appear at Greensboro tomorrow and show cause why he should not pay over to Messrs. Schenck, Avery and Shepherd, the attorneys who rep resented the county commissioners in the Stanly bond litigation, the sum of $3,000 of the moneys in his hands which were collected for payment of interest on the bonds issued by Stanly county for. the Yadkin railrbad'Co. The railroad company had issued an order on the treasurer for the pay ment of this sum, which he declined to honor, and hence the mandamus pro ceedings.. Mr. D. Schenck, Jr., was in Albe marle yesterday and personally ob tained the order from the county com missioners. Hons. B. F. Long and S. J. Pem berton will represent the treasurer in the hearing at Greensboro tomor row. It is not learned what judge issued the writ, although it is supposed it was Justice R. M. Douglas, of the State Supreme Court. Charlotte Ob server. The above is correct with the small exception that no suit has been brought by the attorneys. No man damus has been issued and no appli cation made for such an order. Nor has Mr. Pemberton been employed to represent the treasurer of Stanly coun ty in this imaginary suit. Judge Shepherd is here today and he and Attorney Schenck both deny that any such suit has been brought. Treasur er Snuggs is here today but not to appear in the alleged suit. REED AT OIRARD COLLEGE. The Speaker flakes a Speech at the Seml-Centennlal Reunion. Philadelphia, Jan. 4. The fiftieth anniversary of Girard College, found ed and endowed by Stephen Girard for the care of "male white orphans," was .celebrated today. -The occasion was marked ; by the attendance of Speaker Thomas B. Reed and some of the Pennsylvania Congressmen. Speak er Reed was the guest of the alumni. Exercises were held during the after noon and evening. In the evening Speaker Reed made an address to the alumni. Girard College is in the built-up portion of the city, which was origin ally a country estate of forty five acres puchased by Stephen Gi rard in 1831. The corner stone was laid on July 4, 1833. The . capstone was placed in position August 4, 1846, and on January 1, 1848, the institution was opened. The estate bequeathed by Girard to the founding of the college was $7,500, 000, of which $2,000,000 was set apart for the buildings. The estate today amounts to $26,000,000. The college now has 1,536 pupils, and 6,000 have graduated since it was founded. The income of the estate in 1897 was $1, 650,448. A TRULY PENITENT THIEF. A. P. Revls Asks the Judge to Impose Heavy Sentence. San Bernardino, Cal., Jan. 4 A. P. Revis, a member of the Salvation Army in Redlands, who was arrested for wholesale thievery, appeared be fore the superior court yesterday with a Bible in one hand and a tabulated statement of his thefts, committed since 1888", in the other. He pleaded guilty to the crime charged and also insisted that punishment be administered for each theft committed as per schedule, which appeared by the score. In that way only, he said, he could atone to a just God. The defendant presented so novel a case, without any attorney to advise him, that the court refused to pass sentence 'without fur ther consideration, and continued the time for sentence two days. Court Proceedings. ' The case of Hendren" vs. Alspaugh was decided in favor of the plaintiff . The case was appealed. Today the court has been occupied with the1 case of Brooks, receiver of Bain Building Company vs. St. An r drews P. E. churc. Robt. D. Douglas and L. M. Scott appear for the plaint iff and Bynum, Bynum & Taylor for the defendant. The suit originated over ah alleged breach of contract. To Cure a Cold In One Day. Take Laxative Bromo Quinine Tab lets. All druggists refund the money if it fails to cure. 25c. . RUSSIA ORDERING RIFLES! A Dig Order For Guns and Car . fridges From Winchester Co, FATAL COLLISSION OF TRAINS. Explosion of Gun Powder Wrought Havoc In a Spanish Factory--Seven People Killed. By Wire to The Tkl&bam. New Haven, Jailr 5 An order for ten thousand Lee-Mitford rifles and five million rounds of ammunition lias ' ' been placed with the Winchester Arms Company here. It is believed that the order is from Russia. TRAINS COLLIDE. By "Wire To The Telbgbam. New Haven, Jan. '5. Brakeman Edson P. Quinn was killed and sever al other trainmen were seriously in jured in a collision at Bell Dock this morning. The freight took the wrong track and collided with a coal train. Quinn was caught between the cars and killed instantly. His body was hor ribly mangled. POWDER FACTORY BLOWS UP. By Cable to Thb Tkl.bg k am. Madrid, Jan. 5 Seven persons were killed and many others horribly mu tilated by an explosion in a gun pow der factory at Ovieda lday. The factory was completely demolished. Over a hundred kilograms of powder exploded. THE MARKETS. Closing Quotations by Private Wire to W. A. Porterfield & Co. W. A. Porterfield & Co., commission brokers, furnish us with the following closing quotations of the New York Stock exchange and the Chicago Board of Trade: The following are the closing quota of the New York Stock Exchange: New.Yobk, Jan, 5r 1898. American tobacco. 81 Atch., Top. & Santa Fe x B. and O C. and O i 22 Chic, Bur. and Quincy 99! Chic. Gas 96t Del., Lack, and Western..' Delaware and Hudson Am. spirits Dist'r and cattle feed. Erie General Electric 34i Jersey Central .' 96i Louisville and Nashville 55j Lake Shore. . Manhattan Elevated 112 Missouri and Pacific 33 Northwestern 121 Northern Pacific Pr National Lead New York Central 96 Pacific Mail Reading Rock Island.... 89i Southern Railway Southern Railway-Pr 30 St. Paul 94i Sugar Trust.. 141f Tenn. Coal & Iron... 26i Texas Pacific U. S. Leather Preferred t . . . Western Union Tel 90f Wabash Preferred... 18 The following are the closing quota tions of the Chicago Board of Trade: Chicago, Jan. 5, 1898. Wheat, Jan 89i " May 901 " July Corn, Jan 26J " ept Oct May 294 July Oats, Sept " Jan " May 23i Pork, Dec Jan .' 915 Mav : 935 Lard,' Dec " Jan 477 " Mav 490 Ribs, Dec " Jan 457 " May 470 Cotton, Sept... .601602 Oct (& Nov (3 -Dec ! u ( It (( Jan...,.........?......5745Sl Feh. ... ... : 576T March .57950 April. . 584585 May......... 588589 June.. ti (( July .'. 597598 August ......604605 Snot cotton. .5 15-16. PutSj 90 ; Calls, 9il; Curb 901 ' . NEW YEAR ADVICE may be wasted, as it Is only the wise that profit by other people's experience, but we will give Si it for what it is worth. You will get more real satisfaction, comfort and wear out of nnn mit ' of custom tailor-made clothing .than "you will '" 1 out of twenty ready-made suits. Why not 1 i ' "n i a iniiur tor r to nc every curve, rem- edy every defect of flmrre. hv vm nniiKv lay just so, and give you the style of a gentle man. We do it every time. B. L. RUBEN, Merchant Tailor, 116 South Kim Street Benbow Building. There is Nothing so Good for Chaps and Rough Skin, as OHERINE (Ki-reen) It is an Antiseptic. Healins- Lottbn. which cures almost instantly. 25 cents. -PREPARED BY- Richardson & Fariss. , Prescriptionists. 121 and 504 South Elm Street Huyler's Fine1, Candies, 80 'cents pound. Hildreth's Velvet Taffy, 10 25 cent packages. New Year Resolutions You probably have been resolving for some Joirhatjam! endangering your sight and have your - eyes attended to by a ' . Competent and Reliable Specialist. Now resolve that you will carry this into effect before making any. other, and go to see J. T. johns6n, The Eye Specialist, - M. P. Publishing House 302i South Elm Street. Examination Free. OFFICE HOURS: 8:30 a m to 12:30 m.; 2:00 to 5;30 p. m. ' A GOOD House for Rent, ON MARKET STREET. f Plenty of Money to I loan on first-class real estate security. WHARTON & McALISTER. AGENTS. Crude Rubber Has advanced, but we are selling Atomizers, Fountain Syringes, Hot Water Bot- ties, &c, at the old price. New Goods. Old Prices. Howard Gardner, Druggist. -- Corner Opposite jost offzgx. . . One of the Best Resolutions for the new year is to do your trading at Holton's Drug Store. . Honest Goods at Close Prices is our motto. Holton's Drag Store. -frftt A flfM' HP"" "Balding- 1 t .. . up. --v. "- 'Tv i'-is vn'-ir?, - - -
Greensboro Telegram (Greensboro, N.C.)
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Jan. 5, 1898, edition 1
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