Newspapers / The News-Herald (Morganton, N.C.) / Dec. 5, 1889, edition 1 / Page 1
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- - - - c VOL. V. MORGANTON, N. C, THURSDAY DECEMBER 5, 1889. NO. 38. mm P (royal tss&tlk J Absolutely Pure. This powdernevor varies. A marvel of purety, strength and wholesomeness. More economical than the ordinary kinds and cannot be sold in competition with Ihe multitude of low test, short weight lum or phosphate pawders. Sold only in cans. Koyal Baking Powdkr Co., 106 Wall St.. N. Y S. C. W. TATE, ATTORNEY -AT -LAW, MORGANTON, N. C. Business Generally. J. T. Avery. AVERY W. O. Ebvin. & ERYIN, Attorneys-at-Ijaw, MORGANTON, N. C. Practice in the courts of Burke, Cald well, McDowell, Mitchell and Catawba, and in the Supreme Court. Collections a specialty. Office in Herald Building. THE PIEDMONT BANK OF MORGANTON, N. C. N.B. DILWORTH. President. S.T. PKARSON. Cashier. Conducts a general banking business. Inland and foreign exchange bought and sold. Banking hours 9 A. M. to 3 P. M. DR. I. T?. JETER7 DENTIST, MORGANTON, - - K. C, (Graduate ot the University of Maryland) oSers his professional services to the citizens of Morganton and surrounding country as a first class Dentist. Hr-No charge for examinations. Satisfaction guaranteed. OFFICE AT MOUNTAIN HOUSE. June 2j-U. J. F. Eldridoe, President. John F. Boyd, Genl Manager. ELD RIDGE, N.C. P. O. Address : Morganton, N. C. PEARSON BROTHERS, INSURANCE AGENTS, MORGANTON, N. C. Agents for NEW YORK LIFE, Assets 93,000,000. CONTINENTAL FIRE of New York, Assets $5,028,344.G9. TIRO INI A FIRE & MARINE of Richmond. SOUTHERN ACCIDENT of Richmond. W.C.EBvm.Pres. M. S. T. Pearson, Sec. & Treas. Silver. Att'y. MORGANTON BRANCH I C. BUILDING AND LOAN ASSOCIATION OF CHARLOTTE, N. C. Authorized Capital, $5,000,000 Incorperated under and In conformity with the laws of North Carolina. A Chance for All to get Homes, Farmere, Merchants. Clerks. Mechanics or Pro fessional Men. THEO. GORDON, Local Agt., Morganton, ST. C. rovT-3m. Notice I Alfred Hawkins, Adm'r of Thomas Hawkins, Against Elias Hawkins and others, Heirs at Law. Tuunty.016016 "D Y virtue of an order in the above-- entitled case, we will, on Monday, the 23rd day of December, next, offer at public sale, at the court house in Morganton, a tract of land lying near Morganton, as the property of Thomas Hawkins, deceased, containing 14 acres, more or less, and on which there is said to be a VALUABLE GOLD MINE. Said land is re-sold by virtue of a ten per cent, bid placed on former sale, by S. M. McDowell. Terms: 1. The biddings will be opened at 8182.60. 2. Twenty per cent, cash in hand. 3. Six months on bal ance, and bond and security. 4. Title retained until all the purchase money ispaid. This 20th November, 1889. JOHN T. PERKINS, . S. C. W. TATE. Commissioners. I CA1M POM IRIS. OLD NORTH STATE. Happenings of the "Week from Highlands to Hatteras. It is rumored that Judge Gilmer, of the Superior Court, will resign about January. The Statesville Landmark does not think Iredell's cotton crop more than equal to a third. The cyclone last week in the eastern counties is said to have blown away entire fields of cotton. The Lenoir Topic says Mr. Thos. B. Hendrix, of Wilkes, lately dug up the skeletons of 17 Indians on the banks of Elk creek. A seven-year-old daughter of John Russell, of Cabarrus county, was burned to death Sunday while playing too near the fire. Samuel Gardiner, of Montgom ery county, was found dead in bed by his wife. The bursting of a blood-vessel was the cause of his death. The Wake Forest and Universi ty boys played a match game of foot ball at Chapel Hill last Fri day. Wake Forest won by a score of 18 to 8. A match game of foot ball play ed at Raleigh Friday between teams from Wake Forest and Trin ity Colleges, was won by Trinity, score 8 to 9. The County Commissioners of Yadkin County have ceased to give any ' aid to paupers except such as are in the county poor house. In this way they saved more than $600 last year. Mr. F. A. Dickens, of Cid, N. C, writes the Raleigh Chronicle: "Miss Westmoreland, aged about 17 years, living about one and a naii miles out 01 1 homasvuie, in this county, hung herself Nov. 21st. Cause unknown to writer." Mathew Banks, colored, was hanged at Elizabeth City Friday in the presence of about two hun dred people, of whom only two were negroes. The crime for which he was hanged was an atro cious assault on Florence bwain, aged 15, in July. The Governor has commuted the death sentence of S. W. Jack son, convicted in Halifax county of murder and sentenced to be hanged December 19, 1889 ; and has pardoned Geo. W. Wilkins, sentenced to fifteen years in Green county for larceny. A negro was arrested at Spring hope, Nash count;-, for hog-stealing. While under arrest he tried to escape. A white man, J. W. Valentine, fired at him and the load of shot entered the negroe's head, killing him instantly. Val entine made his escape. Samuel C. White, ex-cashier of the defunct State National Bank, has secured 500 signatures to a petition for executive clemency. He has affidavits from many per sons to the effect that Cross and not White forged the names to the notes, and that Cross so admits. A twelve-year-old boy was killed near Falkland, Pitt county, in a very peculiar manner. He was fastening a house frooi the inside, intending to make his exit through a window left open for that pur oose. In getting out of the win dow the sash fell, catching his neck against the window, in which position he strangled to death. A Wake county woman, says the Raleigh Chronicle, tied $200 in greenbacks in a small cloth bag and hung it in her smokehouse for safe keeping. It disappeared and upon taking up the smoke house floor she discovered that rats had carried it off for nests, and all but $19 was cut into such small pieces as to be utterly worthless. At a camp-meeting near Ashe ville. Aug. 24th. Wm. Fore and Amos Lunsford got into an alter cation, in which Fore was struck in the face by Lunsford with his fist, and thereupon the former drew a huge knife and while be ing repeatedly struck, stabbed his antagonist to death. Ihe case was tried at Asheville last week and Fore convicted of murder. There was a shooting affair in Clines' township one day last week vprv similar to the famous Far ker-Stack affair at Rutherford Col lege, though happily not so seri ous Mr. Miles Huffman about r II I I I II I It f I . 1. QL IIMM v.v. I W the dnor of his residence when e..n K,r Cr, CPrrPf. uuliCV" u T; w K Z Vt about the collar day, I undertook to slap the ticket of Design he received theiaioint shoulder, just about the collar j to a position to tea Si free uuue. x.it. t 1 tt nmiinn K rj 111111 11 one, but the doctors .who probed for the ball were not able to de termine whether it had entered very tar. or naa reuounucu r , J ll 1 1 One day last week in dines town ship two of the sons of Mr. Daniel Carpenter were sitting around the fire handling a revolver when it went off. The ball struck one of them in the abdomen and inflicted a very serious, if not fatal wound. When we last heard from him, the doctors were doubtful of his recovery. Newton Enterprise. Sketches f i-om the Far West. no. v. Written Specially for Tub Mokganton Herald. summer rambles continued. If Maniton is the Switzerland of America, what place in Europe may stand side by side with Ouray? It is Maniton exaggerated and idealized. Straight-walled and towering mountains shut in the town in a horse shoe enclosure, with a narrow neck of valley where the Uncompohgre river sweeps its way out to the long spread, sunny, and fertile plain beyond. On en tering the town, you would think you might reach your hand out from a window of some of the houses, and touch the mighty mountain walls. From the win dow you strain your neck to see the top, and its immensity strikes with awe, yet from that stand point you see only to the first offset. There are places in those morn tains which by horizontal measure ment are not an eighth of a mile from the town, where snow is perennial, and a new fall in Au gust is no rarity. The people are energetic, keen, and shrewd at business, and rather noted .hrough out Colorado for administering the law without red tape. The first hotel of the place, the Bel moat, would be a good hotel in any city. Built of stone and well designed, its exterior has a fine appearance. Inside, the chambers of the upper floors open on corri dors that look down over the grand halt of the first floor. Almost any point will afford an extended out look, or by utilizing the columns, a sheltered place for making ob servations, or according to the taste of the individual a some what Spanish arrangement for luxurious flirtations. The dining room lies beyond this system of galleries, is very high of ceiling, lavishly decorated with carved wood, and high on one of the walls, is a small, much ornamented gal lery, for musicians. This hotel was finished and opened to the public, on 4th of July, 1887. It prided itself among other things, on the variety and delicious quality of desserts at "dinner. The pastry cook was a colored man, a genius in his profession. One night dur ing the small hours, this cook be ing freed from duty, was taking an outing on the street. One of the dining room girls was doing the same, with an escort who was no friend to pastie. Smitten by jealousy, or from what strange prompting no one knows, he drew a revolver and shot the girl dead. Arms of the law were at hand, and he was promptly arrested and placed under' bolt and bar. A band of incognitos who have acted on similar occasions, went to the jail, tried to break it open and get the prisoner. Failing in this they secured hogsheads of oil, saturated the building from roof to founda tion. When daylight dawned, scarcely five hours from the shoot ing, nothing remained of jail or pastry cook, but a smoking heap of ashes. Next day your correspondent took stage for Dallas, from which point begins the staging to Tell- uride. Some two or three miles before reaching Dallas, we pass throughout a colony of prairie dogs. It is a bright mild day in beptem ber, and they are taking a benefit. If any one doubts the existence of Comedy as an element in nature, untouched bv the art of man, let him go through a colony of prairie dogs under the same conditions. They are all out and above ground with the field to themselves. Sud denly an innovation approaches. Every little tellow 01 the whole c;ty full, at the same instant scamp ers behind a mound or a log or a stone, and using it as breast works of defense, stands on tip-toe, stretched to his utmost length, and straight as a pole, peeping over to see what is coming. 1 his peeping attitude assumed by so many, yet each with a funniness all his own, is ridiculous beyond expression it must be seen to be appreciated We enter Dallas, a town of five houses, each one apparently, being a saloon. Wild Quill Rapid Transit. Detroit Free Press. "Talk about fast running !" said the Michigan Central man, "you ought to see' our Limited full head, Why, we pass the telegraph poles so fast thev look tor all the world like comb teeth !" "Oh, that does very well, res ponded the Wisconsin man, "but we can go you one better, 1 guess. Must as one of our slow trains was Uullin'out of Neenah. the other - , tfu ' - - - Goin down now to settle a suit for assault and battery." On a pretty girl saying to Rufus Choate, "I am very sad, you see, he replied : "Oh, no; you belong to the other . Jewish sect. You are very fair, I see." An editor, puffing air-tight cof fins, said : "No. person having once, tried one of these coffins will ever use any other." PLUCK WILL WIN How a Burke County Boy Work' H KL "Way to Fame. Raleigh Chronicle. . fi Among the young men in Nbrtl Carolina unoer thirty years ot ag the Liromcle does not know on who bids fairer to win succes.i an: fame for himself and the StatcthatfS Mr. W. G. Randall. His str against poverty and other ( sao Uen vantages,and his victory over if minutely told, would read romance. More than ten ago he had foimed a taste I and the desire to become a artist, and every energy of his; be ing has been bent in that direction His life thus far presents aij example of industry, ecoiiom courage and determination amoj't without a parallel. Yet it ws until within the last few rri inthi; avot:; losejf that he has been enabled to c his entire attention to his c life-work for which nature 1 as Sii richly endowed him. He isat tive of Burke county and 1? twenty-nine years old. Just ten ye?rs ago he lelft mountain home in Burke cb'un for Chapel Hill afoot. He walk to Winston, rode from thfre Hillsboro on the train, and walkt-j from Hillsboro to Chapel Hi?L lye had only thirty cents whsin Jie reached there. Mr. Randan jkrtot in a little note oook a sort oi.iiifi of that walk and 'we give extracts : November 10th Started to el Hill; tfavelled till midliijrUt; slept in Perkin's school-house, Nov. 11 Started before day; at; breakfast on a log eight miles frotii Lenoir. Passed through Lenoi about 10 o'clock. Children gt scared at us. A friend !n hf way to Trinity College waJ witfi him. Editor. and thought wi w.e; tramps. Dined three miles f3 town and took a nap. Got ofl. Edmund Tilley's at 3 p. ml. Ir. staid all night. . S Nov. 12 Started at 7.30 krfc Passed through Moravian Falfs 1 TTT'I t , 1 ' 2.-?o p. m.. ana passea vviiKesooin at 4. Got turned off from-: fo houses. Got to Mrs. Gry's, wiuow, ctuuui 7 o ciucK. auu all night. Travelled twent miles. Nov. 13 Started at 7.3 walked hard all day. Got 1 1 A. 1 1. IS staJ -nice o -Jie Yadkin river at 11 a. m. S at sundown where shinglqs been made. Nov. 14 Got up about miClniuht and walked to Huntsville pibut eleven miles. Lay on a hiil rear the mill till day. Got the inkier to put us across the river. Winston at 2 o'clock p. m . jrOfc tO frlok the train at 5 o'clock and irnied at Greensboro at 7 p. m. Jf;fi ?eft on the train for High Point it 8:30. Slept in a vacant lot in a njlq of leaves. !: Nov. 15 Left Greensboro- at 8.30 a. m. and arrived at Hillsboro at 11 a. m. Walked to Chapel Iill. Mr. Randall's purpose was iiot to enter the University at olee. He knew that he was not prepd(('ed for that, as the writing and i,peliig in the diary show, rlis edicaffon; thus far had been obtainedJalnHst; solely from the public scbpolKof his county. He hoped tog?:tvRrk of some kind about the UnjveiHfity so that he could spend odct t:fhes in preparing to take a jegvlr course. f v- There was a preparatory Jleart- ment in the University trfcn?nnd fortunately Mr. Randall wlis able to borrow a few dollars tofaayihis board and entered this pejirt- ment. He boarded from thfenjitil June for less than $3 a monthjKAs might be expected his progress in studies was rapid, and in Seri'em ber, 1880, he entered the ire-jblar Freshman class. He contihufl at the University until JumJ, 584, when he graduated almostj a head of his class. He hjel position of Librarian forjse the the feral vears and was at one timq T resi- dent of the Dialectic Society. Uur- ing his course he had beei! work in Art, and had mac )ing (uite a number of portraits foruhil h he received fair prices. He jv'a not yet able, however, to make a .ing by Art, bo in the rail he o- ;ned a school in Marion, MpDwell county, where he was very success ful for two years. All tlj he had been working with! is time a ; view to completing his educAti1 in Art, and in October, i886,lhel.vent to the National Academy of D in New York, where he spe year, completing the coUrsv t one that the average pupil there; s from three to four years in 1 ends com oleting. Besides this, in inrcc i months after entering the Ac ilemy - hand drawing in a school; fc boys on Fifth Avenue, having I b n re commended for the posit his instructors. This too four hours a week of his ti n by only e but it more than paid his e enses while in. New York. Ater c ing his work in New York turned to North Carolina . iplet- e re d did :stern some portrait work in the part of the State. In September, 1888, hefpegan work in the University. cSouth Carolina as Instructor ir? Free- l.earc. clrfArL ry Up- hand and Mechanical Drawing and Descriptive Geometry. He could ha;ve remained in this position this ; yeUr at an increased salary, but he was, offered the presidency of a Collegiate Institute in Texas at a still larger salary and thought once of accepting it. He finally made up nis mmo, nowever, 10 give up everything but Art, and a few months ago came to Raleigh and settled. We are glad to know that he !as been kept busy ever since tie came and that he now has orders ijhead that it will take two or three fonths to finish. At the State Fair his work took tjhe only premium that he entered or : the best oil painting by a iMotth Carolina artist. His large oil bortraits of Bishop Lyman and Bisfion Atkinson are as handsome s any portraits ever seen in the Ste. : 7,'he Chronicle has given this skejtch of Mr. Randall for two reasons : First, as an inspiration to ;he boys of this State who think thcit poverty and its drawbacks caijnot be overcome. Second, in onier that the people of the State m know what an Artist and wPat a man we have here among us.' He will one day be recogniz edthroughout this country as a great Artist and an honor to North Ca rolina. He proposes to live and di in his native State and the peo pltf of the State should do all they cag. to encourage him in that purpose. , To the People of North Carolina. Unsolicited and unexpected on m4 part, I have been elected by thj executive committe of the "Confederate Veterans' Associa ticti" of North Carolina an agent toTmake a canvass of the State in behalf of a "Soldiers Home." Now, I am aware that I have un dertaken a big job. J want your endorsement ; I wisnt your sympathy ; I want a snlall amount of your means. I hc)e no one will say "it is not co-.ivenient for me to give now." If we are not willing to make isorne sacrifice, if not willing to r sarrince some luxury xor mis cause, I-i r . 1 biit must waii until it is conven lieit to give the aid, then let the erf at once be made in ionn Crolina,"To your tents, O Israel." ifhis call is a broad one; it is I nclc bound by religious or political lines, but appeals to the humane of every sect or political party. "We do not despise the day of snjall things." Small sums will bci appreciated. t'There is that scattereth and ytfj. increaseth ; and there is that w.hholdeth more than is meet, bi t tendeth to poverty." Let the H-jme have one-half of what you intended for your Christmas. It has been reported to the com- m ttee that there are at least 28 exj Confederate soldiers now in : county "poor houses" in North rolina, and they have not re ved reports from all the coun 3. These things ought not to th: Ci ce ti. bi Might not these 28 and others saV "we are here in obedience to thi call of North Carolina" made in;i86i-5. flay it not be true that these 28 e in the charge on many bat fields in those days that tried nu n's souls ? Jvlay it not be true that some at legist of the 28 were seen by us in thpse dreadful charges made at Gettysburg in July 1863. tWill North Carolina let them suler for scant necessary comforts asf their sun is going down the wjstern hill of life? I think not. iow I appeal to every man of sclil in North Carolina to help us irksome way. Especially do I ap peal to the ladies of North Caro lina for help. If you can't give money give kind words and show other ways your interest for the use. n order to make the canvass th as little expense as possible, reduction in fare at hotels, arding houses or in transporta tion from one town to another w;ill be very greatly appreciated. The plan is broader than fori tlie meie establishment of a Sol diers' Home when circumstances ajlmit of its being fully carried oit. The agent will make a full explanation whe he comes. If the measures proposed differ from what any wish, let us agree tcj work the plan that is now adopt ed, and after we get the money aid bonafied subscriptions, then all the necessary improvements cln be added thereto. The Sol ewers' Home is under the charge c5? the executive committe of the Confederate Veterans' Association, incorporated by act of assembly, tJc. M. O. Sherrill, I Agent, &c, Newton, N. C. ' " The Old Ship Comln Into Port." atesvllle Landmark. Congress will meet next Monday and the Republicans will have a majority in both branches. We inay therefore expect the internal Revenue system to be repealed Tuesday, the Blair bill passed Vednesday, and the country be prosperous and happy Thursday .nd ever after. W A QTTTVPTfl V1 PACCTl) " uIllllllUi UUooll . What 1 Being Said and Tone in the Na tion's Capital. From Our Regular corns- :ondent, Washington, Nov. 30, 18S9 Secretaries Noble and have locked horns again Tracy I for a I tight, and many think the result will be the retirement of one or the other of them from the cabi net, perhaps both. To the student of politics a contest between two such men cannot fail to be very interesting, representing as they I third class and frequently no class do the extremes'of the republican at all. Holding fairs excites party. Mr. Noble was selected personally by President Harrison lor his present position, and always belonged to the conserva- tive or silk stocking wine of the republican party ; while Mr. Tracy came into the cabinet as a person al representative of the craftiest politician in the country Ex-Senator T. C. Piatt, of New York and belongs to the working wing of the republican party. Presi dent Harrison's personal inclina tions are all undoubtedly with Mr. Noble, but owing to his -susceptibility to the influence of the pow erful members of his party it is doubtful which Secretary he will in the end sustain. The trouble between the two gentlemen comes from the Pension' office, which continues to be a veritable thorn in the side of the administration. Secretary Noble has asked for the resignation of five of the promi nent officials whose pensions were re-rated during Tanner's regime. One of them happens to be a special friend of Secretary Tracy's, and that gentlemen advises him to refuse to resign and promises his help to aid him in keeping his position. The result is that not only Mr. Tracy's friend but the other four officials whose resigna cy r tions were asked, have refused to resign, and they, together with all the other re-rated officials have formed a combination and pro pose to fight for their places, and as all of them have friends some of them big ones Mr. Noble will find that he has undertaken a large contract. Mr. Noble in ask ing for the resignation of these officials was undoubtedly en deavoring to do the administra tion a service by trying to stave off a Congressional investigation into the Pension office and its methods, but it is likely to result in bringing about that very in vestigation. There is little outward change in the Speakership campaign. Mr. Reed left hurriedly for New York last Thursday evrni'ig and the rest of the candidates have been puzzling their btain.s ever since to find out what he went for. They are all afraid of Reed though they will assure you that they have got him beaten. Mr. Blaine, who has not been personally friendly towards Mr. Reed for some years, promised that gen tleman's friends last Summer that he would do nothing to prevent his being elected Speaker. He has kept that promise up to this time, though great pressure hrs been brought to bear on him in behalf of one of the other candi dates. The caucus will be held next Saturday and unless Mr. Blaine shall break his promise my next letter will chronicle the nom ination of Reed fur Speaker. Gen. Crook, the Secretary of war, and apt. rratt, superin tendent of the Carlisle Indiana school, expect to visit Mt. Vernon barracks, Alabama, during the latter part of December for the purpose of deciding whether Geronimo and the other Apache Indians now confined there shall be removed. Verily the democratic cup of joy is full almost to overflowing. Mahone and Foraker have been put on the shelf, and now comes news to the republican Senators that Ingalls will probably be de feated for re-election to the Sen ate. "Too good to be true," is the general . democratic comment on the last item. The local republicans are very much worked up over the rumor that Bruce, the negro ex-Senator, is to be appointed Recorder of Deeds for this city. If protesting to the President will prevent, the appointment will not be made. Honors are now easy between Senator Quay and Mr. Wanama ker, as the President has followed the Quay slate in making the rest of the Philadelphia. Federal ap pointments. It begins to look as though President Harrison - proposed to pigeon-hole the report of the Civil Service Commission handed him nearly a week ago. It recom mends the prosecution of several office holders for violating the law against soliciting campaign con tributions from office holders. The Commission is anxiously awaiting the President's decision in this matter. A strong effort will be made this winter to have Congress adopt the English idea of & postal sav ings bank, to be conducted by the Postoffice department. I5?Have your printing done The Herald Job Office. Sidewalk letter. Editor Herald : We attended the "Fair" meeting last Monday and we were truly glad to see so much interest manifested. Our predic tion is we will have a Fair next Fall, and that it will be a grand success, and why should it not be ? We have the material both men and mea.is to make it a success. Now we are not a farmer, but the farmer's weal is ours. We buy our supplies from the farmer and of course we had rather use a first-class article than second or emulation with our farmers and each man strives to raise the lar gest and best of farm products for which he gets a better price and it is more satisfactory to the buy er for we had rather pay iocts per pound for nice corn-fed beef than try to masticate the tough steak of a pennaroyal steer at five cents. How it would improve the looks of things for our farmer friends to have commodious barns filled with provender for their im proved stock, with good fences, nice and comfortable dwellings, riding to town in their carriages if- they wish. When 8 head of fat cattle will make a car load, and sheep and cattle and fat horses dot the verdant pastures of Burke county. This is no highly drawn picture but a thing that can be realized, and the county Fair is a great lever to work out this desira ble end. The ladies, too, God bless 'em, can give- great assistance in the matter for- what will or can suc ceed without the co-operation and assistance of God's best work. The men bring in the substantials but the ladies bring the delica cies, the luxuries and articles that beautify and adorn. Their part is equally as important as that of the sterner sex, and we know their department will be all that will be required or expected of them for they never fail in any thing they undertake unless it is sometimes trying to make some thing out of a worthless husband. Therefore let one and all work for the Fair and try and make it a grand success. Joe Roby. New England Building and Loan Associa tions. Boston IleraU. At the meeting of the Manches ter (N. H.) Building and Loan Association, Wednesday evening, there was a lively demand for stock in the seventh series, now open, and 160 shares were disposed of. The total number of shares issued is 1638. There are 351 pass books out, held by about 300 individuals. Nearly all nationalities, except Chinamen, are represented as shareholders. More than half the now shareholders are women, many of them mill girls, who invest from $1 to $10 a rronth. There are also physicians and men in prominent positions in the corporations and elsewhere who have shares as an invebtuient. The loans on real estate aggregate 28,385. The dues paid on shares tne past six months amounted to 8845, the premiums to $815.75, and the in terest to $677.75. At the meeting of the Newport (R. I.) Building Association Friday evening $2000 was loaned at per cent. The Bangor Loan and Building Association held its monthly meet ing at the common council rooms in City Hall Monday evening. Fifteen hundred dollars was bid off in loans at a premium of 25 cents a share to four parties. This association has been in existence about three years, and has over 600 shareholders. The plan of the organization is that of a co-operative bank. In case of one man who has built a house, the family lives down stairs, the other part they rent, and the rent pays the monthly, payments, so that the man gets his house for nothing. The Casco Loan and Building Association of Portland has sold 2695 shares so far. Last Saturday evening five loans were made, aggregating $5200, at a premium of 50 cents. "I have paid more rent than the house costs which I am living in. and I don't own a single jot of it," was the remark of a tenant. By the old system of house tenancy, the many pay rent for the benefit of the few; through, the Bui'ding and Loan Association the many combine together so as to put the rents into their own pockets. It is a noticeable fact, says an exchange, that the man who na turally takes to real estate, either as an investment or as a safe wy to husband his earnings, is gen erally counted among the winners. He may not be able to count his gains with the same frequency as does the man who speculates in stocks, neither is he compelled to' estimate his losses as often, nor is he so frequently worried with financial embarrassment. The characteristics of the two men are entirely different. There is an air of solid comfort and equanimity about the man who owns land and houses, while the stock speculator's face and manner are indicative of at his extra-hazardous calling. A
The News-Herald (Morganton, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 5, 1889, edition 1
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