Newspapers / Hickory Democrat (Hickory, N.C.) / July 29, 1909, edition 1 / Page 1
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Establishecfciß99 PROFESSIONAL CARDS Dr. J. C. BIDDIX, DENTIST Office over Singer Sowing Machine Parlor. HICKORY, - , - N. C. ~R. W. WOLFE % VETERINARY SURGEON Offers his professional services to any one in need oL a Veterinary. Phone 199 Hickory, N. C. ~57L. RUSSELL - ATT YORNE Y "AT 'LAW Prompt attention given to all matters of Legal Nature Office: Main St., Russell Bldg., Hickory Dr. T. F. Stevenson PHYSICIAN AND SURGEON \ Office at Home Calls answered at all hours Phone 295 - Hickory, N. C. Dr. Walter A. White DENTIST Office over Menzies Drug Store Hickory, N. C. DR. W. B. RAMSAY DENHSI Office: Second-story Post Office Hickory, N. C. THE NORTH CAROLINA State Normal and Industrial College Maintained by the State for the Women of North Carolina. Four regular Courses Leading to De grees. Special Courses for Teach ers. Fall Session begins Septem ber 15, 1009. Those desiring, to enter should apply as early as pos sible. For catalogue and other information address J. I. FOUST, President. Greensboro, N. C. South Fork Institute Maiden, N. C. A first-class preparatory High School, emphasizing Christian character, thor oughness in course of study, and good fellowship among students A splendid girls' dormitory, presided over by Mrs. O. L. Stringfield, furnishes home life for young ladies. A commod ious boys' dormitory is in charge of the principal. Expenses in lowest classs for 9 months session including everything except laun dry and books, $88. 75; in highest class, $106.75. Fall term opens Aug. 17, 1909. For further information and catalogue, address S. J. Honeycutt, Principal 3 DOOOOOOOOOOOOOOO DOOOOOOOC § Trinity § Four Departments—Collegiate, 0 I Graduate, Engineering and Law. Q Large library facilities. Well- o equipped laboratories in all de- 0 partments of Science. Gymna- 5 sium furnished with best appara- p tus. Expenses very moderate. X Aid for worthy students. g Young men wishing to study X law should investigate the superior C advantages-offered by the depart- O ment of law at Trinity College. X For Catalogue and further infor- ° 0 mation, Address O 8 D. W. NEWSOM, Registrar, § Durham, N. C. g 9000y*»00000000000XX5000C © 1 TRINITY PARK SCBQOL 1 $ A First-Class Preparatory School a 2 Certificates of Graduation Accepted for 9 Entrance to Leading Soot hern Colleges. g A Best Equipped Preparatory School 3 g in the South. !» Facility of ten officers and teach- f $ ers. Campus of se /enty-five acres. * 5 Library containing forty thousand 9 S volumes. Well equipped gymna- • O sium. High standards and mod- g 5 ern methods of instruction. Fre- a 2 quent lectures by prominent lec- f g turers. Expenses exceedingly x 5 moderate. Eleven years of plie- Z 2 nomenal success. 2 For Catalogue and other Informa- S 2 tion Address | H. M. North, Headmaster | % Durham, N. C- - 2 THE HICKORY DEMOCRAT STEALING WATERPOWER How Northern Wealth is* Ro bbing the Soutii Without Being Checked. - - - (Jno. Ti. Mathews in Hampton Magazine) Nor In Carolina is given up largely to the manufacture of cotton goods, is very rich in wa ter power, is prosperous, and Is growing daily more so. In this State the Electric Bond and Share Company and its allies control a large number of municipal light ing and_power concerns tnrough the Carolina Light and Power Company. Among these are the Raleieh Electric Company, the Asheville Street Kailway, the San ford Electric Light Company, the Fayetteville Gas Company, and so from city to city across the State. The game of the power mon opoly has been to get the old lo cal electric and gas plants well in hand; These plants have an established clientele and estab lished high rates based upon the cost of coal. Then they grab the water power in the people's rivers and use the current there produced to supply light and power, charging the old high rates to their own great profit. having these plants in op eration, they issue immense quantities of "watered" stocks and sell them to the public. Thereafter ihey support their claims to the high charges by the necessity of earning dividends upon these stocks. - Open the pages of Moody's Manual or any other list of these corporations and you will find the word "foreclosed," or the statement "obtained by foreclos ure/*' after the nam a of many of the water or steam pbwer concerns owned by the grabbers. The word represents their favor ite method of gaining possession, In Carolina they have worked this as a fine art. They have de veloped the excellent and usually legal game of taking the local capitalists into partnershio with them. They adopt them into financial brotherhood, and use local money for the construction work. Then they freeze out the unnecessary stock anp bond hold ers, and seize the plant. This simple process of financial jugglery has cost human life. It has killed men outright —men who found themselves in the hopeless position of having per suaded their friends to enter with them an apparently safe develop ment project, and who have seen their money taken from them, not by any process which they could have foreseen, but by the crafty legal and illegal scheming of the water power grabbers. Thus were driven to their death two young men in North Caroli na, R. Percy Gray, of Greensbo ro, and Will M. Morgan, of Fay etteville. Their monument, the project which cost their lives, is now controlled by the trust. We cannot go into details of that tragedy here, though it should be a lesson to us all. M }r gan and Gray were enterprising, honest, well-liked business men of North Carolina. They saw the power, and the availability of it, in the Buckhorn Shoals of the Cape Fear river, in the very center of the State. They secur ed engineering estimates on its development, sounded the cotton manufacturers within transmis sion distance, secured contracts for all the power they could pro duce, and then set out to finance a big, prosperous project. From the figures which they obtained —and which are entirely borne out by the results today—the dam and power house should have been quickly built upon a bond issue, and there would have been a surplus of many thousands of dollars every year from the contracts already in hand, after paying interest on the bonds and HICKORY, N. C., THURSDAY, JULY 29, 1909. - i"" - all running expenses. jVlorgan and Gray organized , the Cape Fear Power Company and set about the work. They secured all the lands necessary for pondage—about 900 acres— and the right to the power from the State. They induced their friends to go in with them and made contracts with various con cerns to undertake the work. Pepper and Begister, of Phila delphia, were employed to build the works. Morgan and Gray had already gone to New York for the additional financing of their project, and had found after they had made a contract for electric machinery with the General Electric Company—that the Schenctady Trust Company would take their bonds and give them the necessary cash to pay a first installment to Pepper and Register. The contractors took bends for the rest. The S. Mor gan Smith Company took the wheel contract. Although the interest of the contractor seemed to lie in the early completion of the plant, he did not finish it on time, April 1, 1904, being the date set. Year after year want by and the mon ey which Morgan and Gray were able to raise was swallowed up in the enterprise. Interest and legal charges, and the fixec char ges at the dam, mounted up and consumed money, bufr the almost completed dam was never quite complete, and there was no re turning income. Three years of this sort of play went on until they were quite unable to raise more money, and then the owners of the bonds foreclosed, and took possession of the plant. To some of the most obstreperous bond holders the trust gave fifty cents on the dollar. But the stock, and most of the bond interest, was simply wiped off the books. Then the new owners requested the con tractor to finish the dam. Pres to! It was done! And Morgan and Gr*y? They were Southern gentlemen. They had involved their friends in a losing venture and had no mon ey left with which to repay them. Within two years both went, broken-hearted, to their graves. They were only two, by the way, but they should have taught North Carolina that when the Electric people want anything they will get it. But will they? Well, there is a little power plant down near Fayetteville which has been standing cut against them, and which might be watch ed as an interesting experiment. One day last June I was sitting in the office of City Electrician Jones, of Fayetteville, discussing the local situation. He had just explained how the long delay in the completion of Buckhorn Shoals had caused Fayetteville to break its contract made with the Cape Fear' Power Company for city light and to make a much more favorable contract with the concern operating the local street cars, which had developed a pow er on Little River close at hand. Suddenly the door was opened and a man entered. "By grab!" he exclaimed, "they pretty near got me." "What did they do?" asked Mr. Jones. "Blew a hole in my dam last night," said the newcomer. "But this rain will keep the pond full till I can get it fixed." "Who did it?" I asked. "Oh, that New York gang," said he. "I cant prove it on them, and I can't name them, but I will tell you the of my adventures with them. Some time ago," he went on, "I or g mized here a company to deyel op a little power out here, which is just big enough to supply street oars of the town and the town lights, an3to furnish, through (Continued on fourth page) SEEING ITALY. i-i Some of the Things That De light a Hickory Lady. Mrs. E. B. Cline writes to a friend in Hickory as follows: Dear Mrs. I have refused to go out anywhere tonight, and this morning I was so forcibly remind ed of you that I am going to write you and tell you about it. We were in the beautiful church of San Lorenzo, which was re erected in 1425, by Brunelleschi, at the cost of the Medicis and seven other families. The church is very beautiful and the Medici chapel lovely in resplendent mar bles, mother-of-p.earl, coral lapis lazali, and marvelous colors in the mosaic flour. Of course the marbles are beautifully arranged m panels, &c., while the coats-of arms are in the more precious stones. The crimson fleur-de-lis, the crest of one of the Florentine Medicis, for instance, was work ed out in coral on a Carara mar ble (white) ground. But when we passed from this part of the building and into the great'hbrary, waswhen I thought of you. There are something over 10,000 priceless manuscript volumes in this library, old parch ment bibles with nand work in the most exquisite designs, each page illuminated with the finest lines, most of them having the words of certain portions set to music, the lines of the staff (is that what you call it?) in bright red, the notes and words being black. The volumes were of im mense size, each one chained to the desk. We walked along look ing down the lists which hung on the end of eaclvdesk (and these lists were printed on narrow pieces of wood, hanging by the end) all the lettering being in beautiful designs and in the Lat in language. There were "Grea co" and other histories, and you can imagine my delight when I came to one of the index wards and found, "Lucian's Dialogues" I went immediately back to the custodian and made him come with me to the great desk, and me speaking voluble Eng lish, he speaking voluble Italian, but I made him understand that I wanted to have the book in my own hands, so he got it for me and although it was chained, I looked into it and saw the orig inal Mss. and it was then I thought of you and told E. B. I was going to write you and tell you that I had met an acquaint ance in the great Library of Lo renzo the Magnificent. We also visited the home of Lorenzo, a magnificent building with beautiful dining halls, coun cil chambers and a beautiful pri vate chapel. We have had a wonderful trip from the very beginning. Naples was a riot of life, color, dirt, pov erty—of mistreated animals, of glowing carnations, of exquisite children—l could not eat the German cooking, but the Italian here was a dream of delicate seasoning and tasty dainties. When we reached Rome at first it seemed quiet, but after a few days there I, like every other vis itor, became enslaved. We were fortunate in being in Rome on St. Peter's day, when high mass was ce'ebrated with great pomp and ceremony. Cardinal Ram polla, and six archbishops, with many others, conducted the mass, while it seemed to me thousands passed the statue, magnificently dressed in cloth of gold and jew els, each one reverently kissing the toe of the bronze image, We came here Monday, stop ping for a day at Pisa. Florence is a treasure house ended and it seems a shame to rush so rapidly from one beautiful thing to an other. We are right on the Art no, a river quite as yellow as.the When to Stop Advert&ing. m Will a merchant who is wise Ever cease to advertise? Yes —when the trees grow upside down; When the beggar wears a crown; When ice cream forms on the sun; When thesparrow weighs a ton; When gold dollars get too cheap; When women secret* keep. When a fish forgets to swim; When Satan sings a hymn; ; - When girls go back on gumr When no politician schemes; £ When mince pie makes pleasant dreams; "f When its fun to break a tooth'; When all lawyers tell the truth; When the drummeirhas^aobrass — When these things shall com# to pass : -• Then the man that's wise' Will neglect to advertise.-*-Ex. Tiber. The water looks thick and muddy, but it must be cleaner than it looks, for at the public washing places many women work industriously. We have visited many beautiful churches, art galleries and museums and tomorrow we will go to »some of the shops. They are perfectly maddening for people of limited means, but I buy things in spite of myself. This afternoon we took a ride to Fiesole, about five miles from Florence, straight up the moun tain route until the city, the riyer and all the plain between, lay spread like a panorama be fore us. Vallumbrosa added beauty to the distance. All the way up the slopes were covered with vines, olives and figs and in the wheat fiields, pop pies blazed. While at Fiesote, I tadUo move in order to make room for anoth er woman. She had two beauti ful ch ldren and spoke very pleas antly when I made way for her. She is just returning from Egypt where her husband is an officer in the German corps. She speaks German to the maid who had care of the children, French to her children, and they speak both to her and know some Ara bic. I really must not write you more. It grows late and we take at 6 a. m. a 3 1-2 mile walk which Baedaker calls "one of the most beautiful in Italy." I hope to see you soon after we return and tell you more of our "friend" Lucian. With much affection, Your friend, Frances Cline. Florence, Italy, July 2, 1909. Farmers' Institute. Farmers' institutes will be held at Hickory Monday, Aug. 2, at R. L. Shuford's Oakwood farm, Monday, Aug. 9 and at Sherrill's Ford Wednesday, Aug. 11. At Hickory there will also be a woman's institute by Mrs. F. L. Stevens and Miss Josephine Ev ans, when various topics of inter est to farmers' wives will be dis cussed and they will receive val uable instruction as to making the best of their opportunities. At the farmers' institute lec tures will be delivered by Dr. F. L. Stevens, of the North Caroli na College of agriculture and mechanic arts; T. B, Parker, de monstrator, state department of agriculture; J. A. Conover, dairy expert, and W. W. Finley, of Wilkes county, with the v demon stration car. There will be two car loads of implements, for in door and outdoor use, and de monstrations will be made with them, so far as is practicable. At the other places mentioned there will be present, besides local speakers, Prof. C. L. New man, Dr. G. A. Roberts and John W. Robinson. Morning sessions will open at 10 o'clock and afternoons at 1:30. Democrat and Press, Consolidated r905 fKNOWL EDGE! i W & .of a depositor's business w 4 character and methods is w 2 an important element in w $ judging his responsibility. $ |s The broad basis of this |> its bank's service is mutual iiv ?Jl-. /|s understanding and confi- ff dence between its officers $ and patrons. . s | Hickory Banking & Trust Co,, w /(V Hickory, N. C. V ST >?• T- 'C- f Batches I Have you a good watch? If not, you need one, and I am in a position to serve you in the B best possible manner. H I MY STOCK IS LARGE, | II and all the reliable makes and E grades are always on hand at the lowest prices; 7 to 24 jewel ■ movements, plainfi'fck&j[tosol x id gold cases. | GEO. E. BISANAR, | Jewele and Optician Watch Inspector Southern Ry. 1 ITHE BEACON LIGHT 1 slimes day and niglit to the mariner who |C sails the seas. Yon can't get wrecked when JC yon cast light on our completely assorted J5 Furniture jjj No mariner's compass is truer than values we give for 3 dollars paid us. Nothing exaggerated. Buy and be |E £i satisfied. CASH or CREDIT. IC | Hatcher furniture Co. | 5 Complete Home Furnishers 2 5 HICKORY, N. C. SJ J Summers Transfer Co. j SDraying and transferring done promptly J and reasonably on short notice, Special at- i i tention to baggage transferred. Experienced 4 and courteous white drivers, i \ Calls Answered at All Times. f \ SUMMERS TRANSFER CO. \ Phone 192. J 'J ■ u m m m mm 116 YEARS boy. hav. beer. prepared to r COLLEOE and for LIFK, and have been trained BINGHAM tob.MEK.tTHE BINGHAM SCHOOL. Ideally located on AsheviDe _ _ - Plateau Organisation MILITARY for discipline, control and carriage. Boy. expelied SCHOOL fro in other schools not received. A ViCIOUS boy sent home as soon a* dircovered. .... B4A Hazing exelmded by pledge of honor. Limited to 136 Hates rensoncMe 1 I "O 191,U Address COL. B. KINO HAM, gapt., B. T. D„ Box it, ASHEVILIE, W. C.
Hickory Democrat (Hickory, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
July 29, 1909, edition 1
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