Newspapers / The Raleigh Times (Raleigh, … / Sept. 14, 1909, edition 1 / Page 1
Part of The Raleigh Times (Raleigh, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
ESTABLISHED 1876. RALEIGH, N. C, TUESDAY, SEPTEMBER 14, 1909. PRICE 5 CENTS THE BANKERS OF AMERICA IN SESSION .. - - American Bankers Association Meeting In Chicago Address ed by President Reynolds TEXT OF ADDRESS President Reynolds Congratulates the Association Upon the Favorable Auspices Under Which the Thirty- fifth Annual Convention Begins its Deliberations Now Find Activity and Confidence in Business Where a Year Ago There Was Hesitation and Doubt--Assoclatlon Has Pros pered Since !Last Convention As soclatlon Has Continued to Show a Steady Growth. (By Leased Wire to The Times.) Chicago, Ills., Sept. 14 President George M. Reynolds, president of the American Bankers' Association, In addressing that body this morning said in part: Members of the American Bankers Association and Guests: Assembled, as we are, at a time when prosperity again smiles on our country and our people are at peace with the world and among ourselves I congratulate you upon the favor able auspices under which the thirty fifth annual convention of this asso ciation begins its deliberations. The large attendance at the con vention this year, exceeding by far that In any previous year and reflect ing as ,H does an increased interest by our members, is Ijoth' gratifying ana encouraging. While the past year has not brought as great activity In business, nor aa satisfactory returns on capital Invested nor for labor performed as we could have hoped, still, blessings have been Bhowered upon us in in creasing measure as time has passed and where a short time ago there was hesitation in business and doubt, we now nnd activity and confidence. The financial sky which, during the clos ing days of 1907, became so filled with clouds of doubt and distrust as to affect our confidence and chill our hopes and which brought such conv plete paralysis to our business, thus causing a long period of depression and entailing Incalculable loss to our people, is rapidly clearing. Hope de- ferred -has given place to hope realiz ed and the fulfillment of our wishes, Activity and progress, guided by courage and conservatism, are again the watchwords of our people. Nature, directed by a Divine Prov- idence, has showered upon us her products in such generous measure that our storehouses are filled to overflowing and we still have much to spare to Europe and other countries, the disposition of which will create for the United States a large inter national credit. With the tariff question settled, thus removing the chief handicap to a greater revival in business during the past year, and with the latent en ergies of our people now fully awak ened to activity, we will, if our ef forts are directed by intelligence and accompanied by frugality on the part of our people, soon come into a full fruition of our hopes, through a speedy return to normal conditions in business. During the year that has passed since our last convention, this asso ciation has prospered; its business affairs are in excellent condition; there has been a satisfactory growth in Kb membership; our treasury re flects a strong condition, and the var ious roports show that the officers, the members of the executive council, the different sect?ons and the various committees have been active and alive to the interests of the association. The officers of the association, in New York, under the control and management of your efficient secre tary, Mr. Fred E. Farnsworth, are a veritable beehive of industry, in which the affairs of the association are conducted along modern business lines; order and method prevail; and efficiency of service, together with courtesy and affability on the part of all, in their contact with the pub lic, makes a visit to that office a pleasure. , The past year has been our first experience under the Increased mem bership of the executive council and the manner of Us election, and I am happy to be able to say to you that I believe the change baa proven to be a wise one, and great credit is due to those who ,were Instrumental In bringing it about. , i 1 The fact that the members ot the council w &w elected by the dele- gates from the various states, at the. time and place the conventions of the state associations are held, has brought about a much closer rela tionship between this association and the various state associations, and in addition has eliminated from these meetings much 61 political activity during the year the officers and employees and various sections and departments of the association hav been brought together In one build' ing, and all;'have worked in complete harmony for the common good of the association. The main work of the Trust Com pany and Savings Bank sections has been along lines of interest to state institutions doing a trust and savings bank business, but bankers', general' ly, are greatly indebted to the Hav ings Bank section for the valiant work It has done in opposition to the establishment in our country of a system of postal savings banks, The Institute of Banking has made splendid progress during the year and is doing much to equip young men for future responsibilities in banking. Inasmuch as under our constitution the actual business of the association is transacted and much of its real work is done by the executive coun cil and through- various committees, the reports which will follow will give you detailed information concerning all matters taken up by the assocla tion; and I urge upon you a careful study of these reports, in order that you may have a full realization of the character and magnitude of the work that has been done. The growth and usefulness of or ganizations of this character depend very largely upon the individual members. Measured by this stand ard, the magnificent audience at this (Continued on Paw Two.) THE POLICE ON GAURD IN CHINATOWN Fear an Outbreak and the Possible Loss of Many Lives LEADERS SHADOWED Chinese in Chinatown Have Been Buying a Lot of New Pistols and the Police "Fear An Outburst and Bloodshed Policemen Are Armed With Two Pistols Apiece and if the Tongs Should Start Trouble the Lenders Will be Seized and Hurried to Jail The Chinatown District is Nearly Under Martial Law and Every Suspicious Chihaniun is Ar rested and Searched. (By Leased Wire to The Times.) New York. SeDt. 14 Anticipating n momentary outbreak of a Ilistol war with the possibility of a number of lives being sacrificed and aware tnai the rival Tnnea have recently had de livered to them hundreds of brand new revolvers, mope than fifty police men are on guard in Chinatown today ready for any emergency. Leaders of the On Leong l ong ana t.lm Hin Sine Tone that are expected to clash in the impending trouble are being shadowed by policemen armed with two revolvers apiece and dressed in various disguises. If they attempt to start a conflict they will be seized and hurried to Jail. That the situation is desperate is shown by the fact that Inspector Daly and Acting Captain Horrlgan, or tne Elizabeth street station have been on duty for the last twenty-four hours, that policemen are stationed on houses in different apartments, alleys and other places of vantage all ready to assemble at a certain wnistie can. The Chinatown district Is as near ly under martial law as police espion age can make it. Every Chinese ven turing from a bulldine 1b accosted by policemen seeking to learn whether he is carrying a revolver. Many nave been found armed and arrested. In most cases the revolver seized have been brand new and evidently of the supply recently brought In. Evidence which made them believe plans, for a campaign were being ar ranged in the headquarters of the Leon Tong at No. 11 Mott street and in the Sing Tong, at No. 10 Bowery, resulted in more than a dozen police men descending on both nlaces in the early hours today, arresting thirteen In the first place and six in the other. North Carolina Postmasters. Washington, Bept. 14 Fourth- class postmasters were appointed to day as follows: - North Carolina: Elf, lola Pen- land. PEARY MADE MISTAKE IN FINAL DASH In Worse Predicament than Dr. Cook Because He Took No Witness SOME OF CRITICISMS General Opinion of Scientists and Geographers is That Commander Peary by Making His Final Dash for the Pole Accompanied by a Sin- l(e Eskimaux Finds Himself in a Worse Predicament Than Dr. Cook. Dr. Cook Has the better of Peary in That He had Two Eskimaux With Him -Commander Peary Also Be ing Criticised for Taking the Negro .Mutt Henson, Farther Than He Took a White Man. (By Cable to The Times.) London, Sept. 14 The general opinion of scientists and geographers here today is that Commander Robt. E. Peary, by making his final dash to the pole from his last supporting par ty accompanied by a single Esqui maux, without preparing a wliite man's corroboration to silence sub sequent criticism, finds himself even in a worse predicament than Dr Frederick A. Cook. Dr. Cook, it is pointed out, has the better of Peary through the factjthat he took two Esquimaux with him. Ac cording to the dispatches received here so far apparently Peary was ac companied only by a single Esqui maux when he attained the northern most spot. ;. Commander Peary is also being criticised for taking a negro further than his white companions. It was learned through dispatches, from Battle Harbor, Labrador, that the ne gro mate of the Roosevelt had been carried by Peary even further than some of his white companions. A scientific test has been applied to one of the observations made by Dr. Cook, and, according to the scien tist, Dr. Cook was in error when he -thought himself only 234 miles from the pole. In fact, declares the in vestigator, Dr. Cook was 550 miles from the pole. In his original narrative Dr. Cook spoke of the sun swinging over the northern ice on April 7 and he noted in his journal that sunburn and frost bites were both recorded in the same day. On the day before Cook's obser vations showed him at latitude 86.3(5 and longitude 94.2. This, he esti mated, placed him 234 miles from the pole. According to the scientific test Cook is supposed to have really been at latitude 82 degrees, 5 min utes or 550 miles from the pole, All the observations of the doctor and Commander Peary as well, will be put to the most thorough examina tion by the scientists RAILWAY MEN Washington, Sept. 14 The 28th annual convention of the Roadmas ters of the Railway Maintenance of Ways Association began -here today. The convention was called to order by C. W. Lum, of the Southern Rail way, who delivered an address of wel come. The association numbers among its members employes of all the great railway systems of the United States. The principal' business to be consid ered at this convention is the perfect ing of a more economical system of maintaining the thousands of miles of railway tracks throughout the country. ATTEMPT TO WRECK RAILROAD BRIDGE Buffalo. N. Y Sent 14 A big hoisting crane, used in the construe- tlon of a new railroad bridge and owned by the S. J. McCarin Construc tion Company, of Mercer, Pa., was blown to pieces with dynamite by un known persons early today in an at tempt to wreck the bridge. This is the third attempt to blow hp railroad bridges in the past few weeks. The latest attemnt is thought to have been the result of the "open shop" policy; ot the construction company. BEGIN MEETING SIMPLY MARVELOUS On August 12th Ave took stock in-'our Circulation Department and al though it was a dull sea son, when most people were at rest, waiting for the good times of this fall to come, we planned out a big Subscription Campaign, and it is now in full blast, and before Xmas comes we are going to give you some startling facts : : : : Per Cent. is the net increase in the Circulation since August 12th. Most papers would be satisfied with that for one whole year. But we are going to work for the Blue Rib bon and this start made in t he first month by our f of ce of -trained solici tors shows how The Evening Times, the State's Leading After noon Newspaper, is be ing received : : : : : THE SECRET of our big increase is that we are giving the public a : : : : : : LIVE CLEAN PROGRESSIVE NEWSPAPER. "We are giving the pub lic their money's worth, and it is easy to get sub scribers for such a paper ::::::: IN RALEIGH. The Evening Times goes into nearly every home. It is THE paper in Ral eigh and all this section of the country. That is why its ads. have such PULLING POWER. OUR CIRCULATION is now the largest in the history of the paper, and it is climbing at a rate that is simply marvel ous. The Merchant who is looking for business can find it by using The Evening Times : i : wAicnniE EVENING TRIES. 38 TO DEEPEN MISSISSIPPI AND OTHERS Plans for a Deeper Inland Waterway From the Lake to the Gulf CHANGE IN PLANS Plan for Fourteen-Foot Chunnel May be Abandoned in Favor of a Seven' foot Chunnel, the Tributaries Also to be Deepened Original Plan Cost Too Much for the fienefits to be Derived Now Believed That a Seven-foot Channel, the Tributar. ies Included in the Scheme Will he Much More Satisfactory and of Much .More Benefit nnd Will Cost Loss. (By Leased Wire to The Times.) Washington, D. C, Sept. 14 At the next session of congress the peo ple of the middle west, and particu larly those who live in the Mississippi river basin, intend malting a tremen dous effort to persuade congress to appropriate enough money to deepen the Mississippi and Missouri rivers, so as to make these streams a lakes-to-the-gulf waterway. They have been endeavoring to induce congress to do this for many years. The National Waterways Commis sion, composed jointly of Senators and representatives, however, will have its work considerably changed because of the decision of the govern ment engineers, made before the ad journment of the last session of con gress, that the plan for the lakesrto- the-gulf waterway would prove too expensive to be practical. The peo ple of the middle west, however, will at the next sesison make a determin ed effort to prove that the govern ment engineers were wrong in the calculations of the cost of the project. The engineers condemned the plan to have a fourteen-foot waterway from the lakes to the gulf, advocated by the people of the middle west, as likely to cost more than the govern ment could pay with any regard to economy in national expenditures. Among those, and there are quite a few, who are working for the deep waterway, the sentiment is beginning to prevail that in time the rejection of the 14-foot plan by the engineers may prove to be a blessing in dis guise, for study of Europe water ways has led them to believe that it would be a better plan to assure a moderate depth over the whole length of both rivers and their tributary streams than a fourteen foot depth from Chicago to New Orleans, as originally contemplated in the 11 teen foot plan. Tliey believe that, it would be fairer to the middle west that a moderate depth exist over the whole system of waterway than a great depth through a single central channel. Tne army engineers found that the fourteen foot plan would cost $126, 000.000, with an annual expense of ?b", 000, 000 for maintenance. Oppon ents of this plan claim that for a much smaller sum it would be pos sible to provide a uniform depth o eight feet of water from the lakes up the Ohio, Tennessee, Missouri, Ked, Arkansas and many other rivers, and of course, the Mississippi down to New Orleans. Thus there could he several thousand miles of uniform- depth waterways for a less amount than would be necessary to pay for fourteen feet of water from Chicago to the gulf. It is now believed that the next step in the project, for internal wa terways, of a navigable depth w ill be an investigation to determine what moderate depths navigation can be secured throughout the great streams Of the entire Mississippi river system. The inquiry will turn to the expense and practicability of such a system, having In view the improvement of the whole Mississippi river system so as to standardize it on one basis. It this could be done a boat drawing up to seven feet could travel over the whole Inland system of waterways, thus securing the benefit of water transportation which principally lies in long, continuous hauls. In Germany about one-fourth of all the traffic is transported by inland waterways, and the yearly tonnage handled Is growing at an enormous ate, yet the depths of the waterways In the German empire are much less than could be secured in the Mississ ippi basin system as it has, to start with, good depths in many parts of the rivers. , As an example of what benefit deepening the channels could be, if (Continued ou Page Two.) THE MYSTERIOUS SHERLOCK IS BAFFLING THE PEOPLE BY HIS SHARP CUNNING WAYS GET MY DAY AT (By Leased Wire to The Times.) Beverly. Mass., Sept. 14 This is get away day at the summer capital. Presi dent Tuft ended his vacation and made the fliiiil arrangements for hit- long trip which will start when he goes to Boston to attend the chamber of commerce banquet. The plan of going from Beverly to Boston by rail was changed and Mr. Taft arranged to go by automobile, leaving here at 3 o'clock this after noon. Airs. Taft will accompany him possibly as far as Lynn. She will not go to Washington at once but will re main here with Mrs. Moore until Nov ember 10. President Taft is in line fettle. Those who tallied with him today congratu lated him upon the excellent condition of his health and the first citizen laughingly remarked that he was feel ing fit enouxh to make his trip with out fear of the numerous banquets and dinners he would be compelled to at tend. Tho nflice force in the executive mansion was busy until nearly dawn today packing up and getting ready to leave for Washington. The office furniture will be stored in Beverly un til next summer when this place again will become the national capital. T (By Leased Wire to The Times) Washington, Sept. 14 When the del gates of the six garrisons of Army and Navy Union in Washington re turned here yesterday morning from the convention at Erie, Pa., the inform ation leaked out that there was trouble the ranks, not only among the District of Columbia delegates but among representatives of garrisons all over the country. It was learned that the basis of the dissatisfaction was due to financial onditions of the national treasury which is said to be in a deplorable condition. Wln-n the matter of national finance came up lor consideration at tne con- ntion it was discovered the Union was practically bankrupt, delegates from the garrisons assert and they say they fear the endowment fund, which has been collected by assessment for the support of disabled members. widows, and orphans, lias been niateri- illy injured. MUNSEYS RELIABILITY JUMBLE CONTEST Washington, Sept. 14 The various uitomohile manufacturers dealers and private owners who have entered oars in the Frank A. Munsey reliability con test from Washington to Boston and return September 21-L'll. are now en gaged In sending their entries to the capital city, either by road, rail or water. The cars competing i" the tour must be in Washington on the morn ing of September 18, at which time they will be weighed and then turned over to the technical committee for the pre liminary examination provided for by the rules. An inspection card will be filled out showing the rendition of the various pans i f each car. which card must be attested to by the entrant's epresentation. In addition to this certain measurements of the car will be taken and recorded. The Munsey tour is attracting atten tion all over the country and promises to be the most talked-of tour of the year. Thirty-seven cars have been listed to make the tour, twenty-one of which have been nominated by seven teen factories, the other entries being made by dealers and private owners. HOTH A It 10 DEMOCRATS. Rrynn Thinks Cook and Peary Are Hotli Democrats His Reasons. Dallas, Texas, Sept. 14 William J. Bryan thinks Explorers Cook and Peary both must be democrats. He said so here today and when asked why replied: : "Because they work so well out in the cold. Democrats have7 grqwn so used to being out in the cold that they do their best work there. Polar conditions would just suit them." Mr. Bryan is to lecture here to-i nlght.; ': SUMNER CAPITAL ARMY AND NAVY ilONBAUP Spent Yesterday Afternoon in Looking Over the City and Watching the Pretty Orb TALK OF THE TOWN He Tells of Muny Incidents of the Day Takes Supper at Wright's Cafe and Visits Gem Theatre in the Evening Had Talk With Captain of the Police Force Narrow Es cape From Automobile Accident Sherlock Holmes, Jr., Gives a Good Report of His Movements While In This City. PICTURE DEPOSITED As mentioned yesterday, my picture is now on deposit in the vaults of the Merch ants National Bank under seal, nnd in charge of Cash ier W. U. Drake. If Cashier Drake is as pleasant and accommodating as lie appears, I am sure he will not object to answering any questions asked In re gard to it. In selecting a hanking institution I always do so with the Idea of p re pressiveness and accommoda tion. You And them both here. ' O Yes, Sherlock Holmes, Jr., the Man of Mystery, is here. Promptly, according to schedule; he arrived in the city yesterday aN ternoon, avoided those seekers after him at the station and today finds him enjoying to the fullest the Cap ital City. . Excitement Is growing almost' hourly. Apparently everywhere at once, this mysterious gentleman has eluded all persons and is at present master of the situation. !. The great detective says "You'll catch me, yes; but take it from me, you'll earn your money." But read his own story. Sherlock Talks. Just before stepping from the Southern train at 4:05 p. m. I asked I he "news butch" for a bottle of that dear old thirst-quenching, nerve bracing Coco-Cola, and after enjoy ing the bottle I gathered up my lug gage and stepped out Into this beau tiful city of yours that is to be so full of strenuosity for me, at exactly 4 : 05 p. in. 1 saw a man stop a gentleman, whom I afterwards learned - was Sheriff Sears, and ask him if he was looking for "Sherlock Holmes"? I felt uneasy by seeing the sherik the first of all, however, I felt better when a young lady alighted from the train and I saw the sheriff greet her, having gone there to meet her. On walking down the platform I saw Col. 7,. P. Smith, who was after me in Greensboro, also Mr. J. E. Turner, commander of the Maccabees, who so boastfully asserted he would catch, me in Greensboro; but he never did-. I made my way on to the entrance gale. When I reached the gate a beautiful young lady was there and much excited because the old white head gentleman would not let her through the gate without haying a ticket, which she couldn't find.. ; Oh, I never will forget that face. . ' Shtt was a brunette and a beauty. ' 1 was' tempted to go back and get on the train, but I heard her say to her friend, "I'll be back sure Thursday". You might catch me at the dOpot some time Thursday, as I must look Into those beautiful eyes once more; And when I do, oh, be still my heart! My fate is sealed. Settle right here in Raleigh? Indeed I shall, and I shall probably walk np fayettevilleV street with Mrs. Sherloclt Holmes, Jr., right straight Into the Aoyall Borden Furniture Cb.'s place of bus iness. Perfectly natural nat f should. Mrs. Holmes Shall have the best, and it is only natural that i should let her make her househould selection rlerht-. thara i- ; A T 4 J . k. iU- -1 .-1. t H'' had a good laugh-, ft was so foolish A young tanii, a newspaper ttftOftetJ presumably, wirlted! ' lpl to asked me who I was and where t was? from. Kow wasn't Ojiaf to61lsht;Wh3(is didn't be say ."you r the mysterl ous Mr. Sherlock Holntes Jr.y of tho. (Continued n Pag Tatte.) "' 4
The Raleigh Times (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Sept. 14, 1909, edition 1
1
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75