Newspapers / Webster’s Weekly (Reidsville, N.C.) / Sept. 13, 1894, edition 1 / Page 1
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: Webster's ,' i i I v H " "THE WEALTH OF' THE MIND IS THE ONLY TRUE WEALTH? " 7 f " - : ? I I vol. xxii mfJbanb. M. R- SCOTT, Beldsvul NiC .el Atlorneys-at-Law, & REIDSVTLLE, N. C UIS' promptly loftlce In Wentworth . i n i rniuub .4 aFT II i every . ;,.ineM entru.tao. i;t!on to n lw No hj A V. A.. M ..'vc'rvlHt. and Sr. Thursday nights, brethren coruiau ' - w. - t 'ii .ui a cordial welcome t - IbUIUS t.rett.rea R. B,CH4fl. of R. and S. The Tailors. x-.I ust Received the . Latest Novelties -IN- SI 434 MAIN STREET Iinvili Va, April 5th 1891. LADJES . """" ' SUFFERING FROM . r,nop NEWS, -' a T.iwtal card with yonr address secares ,tA wr nowta NATIONAL SnBQlCAL INSTITUTE, Atlanta, Qa. or P. O. Box Ii, 711 AllHiitiV'ia. IVotice; Havlntr iiuanilfidaa executor of the estata f Amy (l'-.lM-y, deceased, notice is hereby . ivlntohil pirsons indebted to said estate t , k lU.iiedlate payment of tbe suae aiil alt l'tTBons naviiigt;iiui-."---; rt,tat must present them on or before the 4 7tt ,Mv (if May. IMS. or mis nonce will be ': uteli.1- in i.r of their recovery This May SUK'V-,r "J.M.WILSON. XnxV'iutor f Amy Qodsey, deceased MOT ICE. ''.lt-lvlnrfiua,i9ed.asexecutor of the estate Martha K. Veuable, deceased all re"on8 tl,ut,tdto.ald estate are notified to come , 'hereby nntlile.1 to pre?ent themferpay- or Sentember, riHut mi r tieiore vne liWi.iir thin notice will be plead in bar 01 their recovery. . . . w nANTRI.. Ktwutorof MarthaVeiiable. dee'd. August llth.. 1B31. ; W. B; BEACHAM, IrcMtect and Builder. -ALSO DEALER IN- IJl 1 LI) im MATERIAL. A com il-U . stock 'of rough and dressed Duvirs ami Windows, Shingles, Laths. &cj "Always ou hand. ' Wll Vaier, Mantels and Hearths. Plans .and estimates on application. RrtiJA-ille.N. C.Peb. 1st. 1891. ' ' D 1 li TO LIVE AND LIVE TO dye:' WINSTON-SALEJtf Steam Dyeing AND Repairing a Specialty, OFFICE U;t Main Street Winston. NYE WORKS; Sale-n. roo. -1st. ism. Use Ladies Choice Plain, ' ; (Strong) . and North State Mills; ' (Sweot) SIN' Til? TUse .brano are the' only anuffsmanu '"'.urea iu North Carolina and every tru " 'tjal North Caiollntan should see to it " o oiuer goods are .either .sold orusea 1 '''' Koods are TUEVEKY BEST of !1! he, mrket, and are made exclusively Xortli Carolina Zeaj; , Til? n"ntee the quality four goods. i, . iiCBe better. ; wraersand correspondencelaollclted. B. F. Morris & Son MimMniiiig Co., duream,;n.c. " &G0 GOODS Cleaning Works jj. R. lEBSTp,Editerand The Old Friend And the test friend, that never fails you, 13 Simmons Liver Begu lator, (tha Bed Z): that's what you hear at the mention of this excellent'; Liver medicine, and people should not be persuaded that anything else will do. It 13 the King of Liver Medi cines ; is better than pills, and takek the place of Quinine and Calomel. It acts directly on the Liver, Kidneys and Bowels and give3 new life to the whole sys tem. This is the medicine you want. Sold by all Druggists in Liquid, or in Powder to be taken dry or made into a tea. : 3"EVEKY PACKAGE'S Ui the K Stamp In red on wrapper. L J. II.ZKII.liX St CO.,lWladelpLia,l'. ;SontHBfn Railway Go. (PIEDMONT AIR LINE) . Richmond & Danville & North Carolina Divisions. CONDENSED SCHEDULE IN EFFECT JUNE 17 ; 1894 SOUTHBOUND. Daily. N0S. 35 k . No. 11. No. 3f 12 50 am ....... 2 40 am 8 90 ftm j 5 35 am . . 7 00 am 5 40 am 7 50 am 8 40 am 6 58 am 6 00 pm 8 20 pm 5 45 am 6 41 am ............. 8 35 am ....... Lv Richmond 12 40 pm S 30 pm 3 11 pm 5 31pm 5 50 pm 6 41pm 7 88 pm Lv Burke ville Lv Keysville Ar Danville Lv Danville Ar Reldsvilla Ar Oreeuaboro Lv Ooldsbdro Ar Raleigh Lv Raleigh Lv Durham Ar Greensboro 2 00 pm ' 4 05 pm 410 pm 5 15 pm 7 20 pm Lv Winston f6 0 pm 5 40 am 6 05 pm Lv Greensboro Ar Salisbury Ar Kta'esville 7 35 pm 9 08 im 8 45 am 10 25 am II 19 am 6 58 am 8 11 am Ar Aahevllle 4 00 pm Ar Hot Springs 5 36 pm Lv Salsbary 9 15 pm Ar Charlotte 1040 pm Ar Spartanburg 12 57 am Ar Greenville 1 52 am Ar Atlanta 5 20 am Lv Charlotte 10 50 pm Ar Columbia -2 15 am Ar Augusta 8 45 am 10 30 am 12 00 nn 2 45 pm 4 05 pm 9 SO pm 8 11 am 9 25 am 11 37 am 12 28 pm 3 55 pm 9 30 am 12 55 pm 4 02 pm NORTHBOUND. DAILY. NbS.10 4 36. No. 13. No. 38 Lv Augusta 7 00 pm 1 30 pm Lv Columbia Ar Charlotte Lv Atlanta Ar Charlotte Lv Charlotte Ar Salisbury 3 20 am 5 10 pm 6 40 am 9 00 pm 6 30 am f.7 00 am 8 28 am 8 30 pm 12 00 Nil 8 29 pm 8 89 pm 9 49 pm 8 00 am 6 40 pm 7 00 pm 8 25 pm Lv Hot Springs 12 44 pm Lv Asheville 2 30 pm Lv Statesvllle Ar Salisbury Lv Salisbury Ar Greensboro 7 11 pm 8 00 pm 8 30 pm 10 05 pm 8 33 am 10 05 am 9 49 pm 11 09 pm Ar Winston 11 15 am t 9 25 am 9 25 am Lv Greensboro 10 10 am 12 01 am Ar Durham 12 00 nn 3 35 am Ar Raleigh 1 00 pm 7 90 am Ar Goldsboro 3 00 pm 100 pm Lv Raleigh Lv Greensboro Ar ReidsvlUe Ar Danville Ar Keysville Ar Burkeville 5 45 am 10 10 am 10 57 am 11 45 am 2 18 pm S 00 pm 4 50 pm 410 pm 10 10 pm 10 56 pm 11 40 am 3 20 am 4 08 am 6 20 am 410 pm 11 09 pm 18 87 am 3 00 am 4 08 am Ar uicninona 6 20 am tDaily. Daily except Sunday, cape m m mm mm RAILWAY COMPANY. John Grill- IReceiTrer Condensed Schedule. In effect June 24th, 1894. NORTH BOUND No. 2. Leave Wilmington , 7 00 am Arrive Favetteville.. .....io 10 am Leave FayettevUTe 10 27 am Lea$e Fayettville Junction .10 30 am Leave Sanford.... 11 43 am Leave Climax. -. . - 1 43 Pm Arrive Greensboro 2 16 pm Leave Greensboro. . . 2 55 pm 3 48 pm 4 20 pm Leave Stokesdaie Arrive Walnut Cove.. Leave Walnut Cove., 4 33 Pm 5 01 pm 6 25 pm Leave Rural Hall. . . Arrive Mt. Airy ....... SOUTH BOUND NO. 1. Leave Mt. Airv 9 45 am Leave Rural Hall. " 06 am Anive' Walnut Cove x 1 35 arri Leave Walnut Cove - -1 1 42 am Leave Stokesdaie. 12 07 pm Arrive Greensboro .....12 55 pm Leave Greensboro.. 1 02 pm Leave Climax. 1 30 pm Leave Sanford. - - - 3 1-7 Pm Arrive Fayette ville Junction 428 pm Amve Favetteville 4 34 pm Leave Favetteville , 4 45 Pm Arrive Wilmington. .. 7 55 pm NORTH BOUND-No. 16. Leave Rsuriseur ..... Leave Climax. Arrive Greensboro . . . Leave Greensboro ... Leave Stokesdaie.... Arrive Madison 6 50 am 8 40 am . 9 25 am 9 40 am .......10 53 im . . . . .II 50 am SOUTH BOUND NO- 15- Leave Madison. 12 30 pm Leave, Stokesdaie 1 25 Pm Arrive Greensboro. 2 35 pm Leave Greensboro . ; - 3 00 Pm Leave Climax. 3 55 P Arrive Ramseur . . 5 35 Pm All Uains mixed and run daily except Sunday, Connections North bound, with the Seaboard Air Line at Sanford ; Richmond & Danville R. R. at Greensboro ; Norfolk & Western R. K. at Madison. Connections South bound, with the Nor folk " & Western R. ' R. at Madison ; Richmond & Danville Railroad at Greensboro ; Seaboard Air Line at San ford ; Atlantic Coast Line at Favetteville. W. E. KYLE, Grtneral fusenger Agent J..W.FRY; QAem.tfagSr. Propt': A SERMOlf IN VERSE., BY CLARLES W. HVBXSK. The following beautlf al poem la from the iu ui mjor usnes w.tinDner. It 1 a sermon in verse ana every reader of this loiumii anoaiaeup it put aaa preserve It: j '! Vain Is life , I said and fall of sorrows Disappointments ve us doubts and" fears; Hope's lost dov$ is drowned, no green to-morrows " j - i Isle the dreary ocean ef oar tears The fair promises that Ufe doth make us Prove to be as f&lun il thai? .-a .. LWhen our dark aud evil days o'ertaka cs. oiu mcjr vauiaa ln0 empty ir. From the cradle to theigrave we wander In a land of shadows ftnd of dreams; Ana the more that we life's riddles ponder, Deeper, darker still the mystery seems; What if all our altar nres should waft their Sacredincense to the ssy In vain What if there, Indeed, be no htreaXter, Or we once, dead, live not again? Why this War between the good and evil? What Is e vil Why is it. and whence ? Is not Ood the master of the devil ? Are they equals In omnipotence ? Dual gods, bnt diverse in their natures Rivil rulers of th e universe ? One who loves and blesses all His creatures, One who kil's them with the primal curse . Thus I cried, my sad soul blindly groping Earthward, grayeward.iu her maddening quest;- I was worn with watching, doubting: hop ing. Never finding comfort, peace or rest; Then to heaven mine eyes at last I lifted, Thereto by some mystic Kpell enticed, And I saw. the darkness sudden rifted. Shining through I saw the face of "Christ! Oh, how tender was the look He gave me; Oh, what glory roundabout Him shone! Prone I fell and cried, "O, Master! save 'me, ..Save me, save me thou and Qod are One; nevermore my wayward heart shall grieve Thee, : Nver Will I donbt Thvlnv riU-ine- . ( Christ, Thou Blessed Hou of Ood, receive me. Henceforth and forever I am Thine!" SOUTHERN RA.IL WAY. GREATEST SYSTEM ON EARTH. Chattanooga, Tenn.. Sept. 5. The greatest combination ever before enlisted in one enterprise in the United States, is supporting the Southern Rail way company. From, a 'thoroughly reliable source the Times is informed that the underwriters, ag they may be termed, of the reorganization scheme of the Richmond & West Point Termi- I nal and the East Tennessee, Virginia I and Georgia Railroad Companies are none other than the Rothschilds, of London and Paris, and the Vanderbilts of New York Cornelius and William K. The re-organization, as is well known, was undertaken and success fully consummated by Drexel, Morgan & Company, xl New York, and J. S. Morgan & Comparfy, of London. These two great banking houses interested their richest clients, the Rothschilds and Vanderbilts. The syndicate really is very small in numbers, for it 13 divided into four portions, but is colossal in wealth, rep resenting the greatest aggregation of capital in the world more than hall a billion dollars. The Rothschilds have one quarter, the Vanderbilts one quar ter, Drexel, Morgan & Company one quarter and J. S. Morgan & Company and it is this sum that the quartette has greed to supply and more if necessary. rhe money is to be used in heavier rails, new bridges, new equipment, terminals, extensions, fete. The Southern Railway has now ac- quired iu complete ownership, 4,500 miles of road and by the re-organization has reduced the bonded indebted ness from $135,000,000 to 90,000,000 ust one-third and the fixed charges from $7,500,000 per annum to $4,500,- 000 a saving of $3,000,000 per annum. he bonded indebtedness of the roaa is now less than $20,000 per mile. The first annual meeting of the stocK- holders is to be held in Richmond, Va., Tuesday, October 2, and bonds to the amount of $120,000,000 on the entire property will be authorized. Thirty millions of the bonds are to be used in mprovements. The expenditure of this large sum of money in the tsouth along the line of the Southern Raiiway will be far-reaching in its effect. There is very little doubt that the Southern Railway project is simply an extension of the VanderbStsystem in to and throughout the South, lhe Chesapeake & Ohio will no doubt be come a nart of the svstem within a fchort time and the Queen A Crescent system will ultimately become part of the system, whatever may De me ira mediate mans of the Cincinnati, nam ilton & Dayton people. Through the Cincinnati Southern, the Big Four, of the Vanderbilt system, will be reached at Cincinnati. The controlling sioch. of the Central Railroad of Georgia, is hp.Id bv the Southern Railway and when the property finally gets into the hands' of the securitv holders, which is only a question of a short time, it will be discovered that the Kocnscnuu- v an- derbilt system is in control. rThe mans of the Drexei-Morgan peo file are now so near fruition that it 13 now no longer a mat:er or. speculation The greatest railroad combination on earth is now near completion. Twenty- live thousand miles of the best raiiroau property in America, will soon be under the control of the Rothschild-Vander-bilt combination. It has been an open secret lor some months that the Rothschilds were De.- comtng interested in American rail roads. While the re-organization pians of the Richmond Terminal and .bast Tennessee give Drexel, Morgan & nnmnanv suDreme control for hve years, by the expiration of that time it is confidently bellyed that they will continue the control by virtue of the fact that they own. the controlling in terest. The beginning of the Southern Rail wav is under the most favorable condi tions. While the properties have been re-organized on a basis that would en able prudent management to make fixed charges during a depressed busi ness period, such as the South is just emerging from, the prospects forbusl ness greater in volume;' than the South ever before enjoyed are now of the most encouraging character. The cot ton crop will yield nearly ten million bales, and the South will not only have enough corn for its ! own use, but a great surplus to fell. . The general con dition of the planters ard farmers In the South was never better. They were never before so little in debt. Factories and tarnaces are resuming in pverT direction. One order for 20, 000 tons'of pig iron has just been given the Tennessee Coal ana iron company by Mathew Addy & Company, of St. thIp. and In conseouence the Cown furnace has been put in blast and the ' South Pittsburg furnace.will also be in blast in a few days. Every factory in the city t Chattanooga i3 at work and the greatest activity ia among the boil er makers. ... A very marked Improvement In the general toneof.'business throughout.tbe South has been apparent for some time The feeling that the South U on the threshold of a great era of prosper ity seems to be daily Increasing in the North and West. Eastern banks are freely offering money at low rates of Interest io their .Southern correspond enU and large mercantile hsuses are 'crowding the South with, commercial HBIBSVILLB, UST. O., SEDBTEIIMIBElE 13, 1894. travelers. . The Southern Railway has its begin' ning at a propitious time. TIIE NEW SOUTHERN. On Saturday, the 1st ins t, the re organization of the Richmond Termin al Bystem was definitely . and formally completed, and the last of the many, properties which under the plan of re organization have lost their unhappy and unfortunate identities and become merged in a new and propitious enter prise, passed into the possession of the Southern Railway Company. Last Saturday, therefore marks, 'for an practical purposes, the completion of flirt m.Awrvnn!-,n!v, A ,! . AHn!r1nnttA. nui; iui 2 diii.niiiiiii 71,1 1 ti m. i'iiiiMiir;iaLiiii of the situation is,therfore,. opportune, particularly when it is Borne la mind that the event is the most notable that has taken plae in the history of Amer ican railroads, and that its bearing upon every Southern business interest is of vital importance. The Southern Railway Company operates 4,500 miles of railroad and about 150 miles of water line. With the exception of 491 miles (Goldsboro. N. C, to Atlanta, Ga.,) which is leased, all the 'system i3 owned . by the compa ny, and the heretofore complicated and expensive plan of control by majori ties, wholly impracticable and unfortu nate in its operation and sure to make enemies among the minorities, is done away with. The old Richmond Termi nal Company did not own any railroad at all, and the much vaunted (but in trinsically worthless) Richmond and Danville owned only 145 miles. The rest of the Richmond and Danville system was made up of some thirty separate companies, ranging in length fron six to 552 miles. Efficiency and economy were impossible on this1 basis, which also afforded good opportunity for objectionable methods of account ing. The organization of the East Tennessee was more compact, but it, too, left much to be desired. As a result of the reorganization over thirty corporations, whose affairs and securities were interlocked in every conceivable way, and in almost hope less confusion, are united in one com pany. Thirty Boards of Directors and thirty sets of separate accounts disan Pear simultaneously. The original plan Nwas dated May 1, 1893; it wafs issued on May 25, 180.3, aDd the response of security holders was prompt, and by the middle of June, 1S93, success wa3 assure! so far as their cor-operation was concerned. - The summer and autumn of 1893 par alyzed the South, in common with the rest of the country, and railroad earn ing shrunk greatly. New conditions and new complications were presented and the problem became one of dealing with bankrupt receivers as well as bankrupt corporations. By strenuous efforts everything was held together, and as soon as possible some amend ments to the original plan were pros mulgated, mainly to solve the financial problems of the receiverships, and also to cut down the interest charges of the reorganized company pending a return tonormal conditions. lie on Marcn i, , .were mde Pu?r reasonable in character that they were quickly accepted by the security hold ers, and the reorganization was at opce pushed forward with such rapidity that within four months the new company was formed, and now within two months more the last of (tne property comes into its possession 4,500 miles of railroad which, exactly six, months ago, had almost dropped to pieces and which but for the strong hands that held the properties together during all the financial troubles, would have dropped to pieces, are now brought in to one compact and efficient companv. The new company is rganizeti under l a charter granted by the Legislature of ? Virginia, supplemented by its confor-1 mity to the law of all the other States j in which it owns property. The reorganization has involved two trustees' sales, viz.: Richmond and West Point Terminal Railway and Warehouse Company. - Trustee's, sale under u per cent, col lateral mortgage. Trustee's sale under o per cent, col- latteral, mortgage. One receiver's sale, viz.: Richmond and West Point Terminal Railway and V? arehouse Company.' Ten foreclosure sales, viz., covering. Richmond and Danville and its leased lines. East Tennessee, Virginia and Geor gia (under two mortgages). Charlotte, Columbia and Augu3ta. Columbia and Greenville. Louisville Southern. Georgia Pacific. Western North Carolina. Northwestern North Carolina. Oxford and Clarksville. Clarksville and North, Carolina. Six conveyances without, foreclosure, viz: Atlantic, Tennessee and Ohio. Richmond, York River, and Chesa peake, j Washington, Ohio and western. Piedmont. - . Statesville and Western . Oxford and Henderson. And we understand that some half dozen minor sales and as many more conveyances of "other kinds are now in nrosrress in order to periect the minor details of the work. Prior to the re organizatioh,the properties now merged into the Southern Raiiway Company were covered bv about, seventy separ.. ate morfffaces. About forty of these mortgages have been eliminated in one wav or another. Described briefly, and ignoring many small branch lines, the Southern Kail- way Company extends from aning- ton. or. more nrboerlv. from Alexan dria. Va- and from West Point and Richmond. Va.. via Salisbury, N. C to Aueusta and Atlanta, Ga.; and thence to the Mississippi Rirer at Greenville. At Salisbury another main line crosses the - State of North aron na by way of Ashe ville;'th nee over to Knoxville and Chattanooga, Tenn., and from there to Rome. Ga., where it divides, one line going to Brunswick and tlm nther to Meridian. Miss. An other line runs from Loulsvil 'e to Lex ington and Burgin, Ky., there connect ing with the Cincinnati ooxoeni. The Cincinnati Southern and Mem nhia and Charleston were included In tfee plan of reorganization as originally promulgated, bat were dropped1 from the amended plan, as the security nou failed to acceDt the terms offered. They have not Lettered their condi tion hv their refusal, and the general Impression is'that, sooner or later,these .... v m O V-w lines will De acauirea. lneswumcru rnmnanv is also exDected to control r.iM (leortri Central when reorganised. Among the most Important cities reached bv the Southern Railway are WuhiniFtAn. D. C Alexandria, Va. rhnrlntrfsville. Va.. Richmond, Va. Lynchburg, Va., Danville, Va., Ral iirh. V. C. Durham. N. C, Oreens hn-n. X. C. Statesville. N. C, Ashe ville. N. C. Winston-Salem, -N. C. Charlotte. N. C. Columbia, S. O. Spartanburg, S. C, Greenville, S. C, Aiirn5ta. Ga.. Atlanta. Ga. Jiacon Oa Brunswick. Ga.. Bristol, Tenn LouisYiUei Ky., Lexington, Ky., Kaox Highest of all in Leavening Power, Latest U. S. Gov't Report J vnje ' f 1 Tenn., Chattanooga. Tenn.. Rome, Ga., Birmingham, Ala., Annis- ton, Ala., Columbus, Mis., and Selma, Ala. The lines of the company, located as they arei reach and serve all of the dU versified interests of the South. In the way of mineral, they penetrate its two great coal fields, viz., the Ken tucky and Tennessee coal fields on the north and the Alabama coal fields on the South, and from these are able to supply all the States traversed by them. They also reach the great Iron Indus tries of the South at Khoxville, Cleve land, Chattanooga, Anniston, Birming ham, and intermediate, points. Iron is made cheaper at Birmingham than at any other place in the United States, or, for that matter, in the world. On the western division of the system there are over thirty Iron furnaces. Through; innumerable small branches the company goes into the very heart of the lumber territory in the States througfc which it runs. It is able, of course, to draw cotton from eyery di rection, not only on It3 own lines, but from its connections, and it penetrates the sections of North and South Carof lina and Georgia which are occupied by cotton mills. The growth of cotton mills along the line is, perhaps, one of itsmost remarkable features. Right through the hard times new mills have been going up, especially in North Carolina. Its lines in Kentucky enable it to control its full share of the tobac co business at Louisville, and, in ad dition to this it penetrates in every dU rection the country in which tobacco is grown, especially in the neighbor hood of Oxford and Durham, In North Carolina, and along almost the entire length of the former Western North Carolina Railroad, which is now a part of Its system. By way of Augusta and its' connections to Florida it does a yery large sbare of the gaiden truck busi ness in the Southeastern States. It is the most direct passenger line from Washington to Atlanta and all the in termediate points, and also as short as any line to Florida. The old Pied mont Air Line, which is a part of the system, has long been famous. The properties embraced in the reor ganization had bonded and floating debts of about $135,600,000. This is now reduced to a bonded debt of $94, 000,000, Including sufficient bonds (which are reserved) to take up all un derlying bonds and all the bonds and stocks of the .491 miles of leased ralN ro&d. The company will also issue ST$&&flQp morpniulg, 0n.rjng.thg equipment and improve the properties whichwill make the total bonded debt of all kinds $100,000,000. The plan of reorganization wisely provides that $20,000,000 of bonds additional (to be strung out through series of years) may be issued hei eaf ter only for the further development of the property. The interest charges before the re organization were about $7,500,000 per annum, and sinking iunas were anout $600,000 to $700,000 per annum addi tional. The new company's charges are $4,100,000 for 1894-, $4,700,000 for 1895, and $5,400,000 for 1896 The old c impan.v was always in such dire financial straits and had such largo fixed charges that it could not attord to spend a cent on the property where such expenditures could possibly De avoided, and in this way it really lost business: Furthermore, its mnanciai necessities led it to litigate all claims of shippers for lost or damaged goods, such litigation in nine cases out of ten haying for its object simply to procras tinate and delay payment, ineuew company, organized as it now is, can, of course, follow a different policy, ana by fair treatment of shippers is sure to enlarge its business. Another interesting ieaiure is mat, notwithstanding the nominal control of the former East Tennessee, VirgiQia and Georgia .and Richmond and Dan ville svstems bv the now defunct .ter minal Comoanv. there was no actual control, and the two companies did not co-operate even in the ordinary inters ehanare of business. The jealousy be tween the two was so great taai iney preferred to turn business over to some . ,i t : . outside connection rainer man give n to each other, i Another feature is the consolidation of the business organizations and the reduction of expenses at junction points where the Danville and East Tennessee have each maintained separate organ! zatlons heretofore'. In several f of the Southern. States, egislation has been bitterly hostile. nd It must be admitted that the way these comnahies were conducted pro voked such legislation. As a result ol Mi reorganization there is already a much better feeling in this respect, ana it 13 certain to grow as the community is better served. THE SUGAR SITUATION. AN INTERESTING COJIPABISOM TWEEN. THE NEW AND THE OUJ i BYSTE5C W. W. Scott, hi Lenoir Tople. TTnder the , McKinlev law raw sugar was imported into this country free and the planters were paia z cents a pounu for everv pound of raw sugar that they raised. The i bountv thus paid out amounted to $15,000,000 a year and an der the McKinley law the people have paid, In bounties, out of their treasury sso.ooa.000 to the sugar planters, that had to be raised Dy increased tann rates on trace chains, wool hats, wools ; en ana coiiou gwus, ac. " . ugar tbat received this bounty ana that was imported free was not ni ion consumption until it went through the process ol refining, wmcn was wnere the sugar trust came Iil- The sugar trust or refiners had to have their pro tection, so tbe McKinley law Imposed a tariff tax of six-tenths or tnree-nims oi a cent a pound on all refined sugar or upon all sugar consumed by the peo ple. This was a pronumery ix uu virtually gave tbe sugar trust a monop oly of the sugar business in tbe United States, lor under tne mcnoniey iaw do a pound of sugar was imported Into the United States. Havemeyer, the Pres ident of the sugar trust, testified before the Senate I Investigating Committee that bis company settled the price in this country, that is, that whatever it chose tofcharge, the wholesalers were compalled to pay for sugar. So, you see there was far from being any "free sugar" In tie McKinley bUL v ; ! The Senate. bill's sugar schedule U this: The bounty on raw sugar I j rK no 1 jf continued and a tariff tax of 40 per cent, ad valorem is plaeed on raw sugar which makes the sugar trust refining company pay 40 per cent, more for its foreign imported raw sugar than When ic was able to buy it fre3 and makes it that much more to its advantage to buy its raw sugar from American planters. The tariff tax on refined suar Is placed at one-eighth of a cent a pound. or five times less than that imposed by me jacrvimey 0111. xo compare them The McKinley bill taxes refined sugar (-44-4utns) twenty-lour -fortieths (a lit tie over a half) of a cent per' pound in tne interest oi a "home manufacturer or sugar trust, while the Senate bill, in the same Interest, taxes, refined-sugar only (3-40ths) five-fortieths of a cent per pound. Under the McKinley bill tne ioreign sugar reliner had- to pay over one half cent per jound on everj pound of refined sugar Imported Into this country before he could pass the custom house and compete with the sugar trust of this country. Now he ha3 only to pay one-eighth of a ceut a pound In order to get In and compete. The 40 per cent, ad valorem on raw sugar does not affect him, for he got his raw sugar fiee and turned It into refined sugar, upon which, there is Only a tax of one-eigth of a cent a pound. The 40 per cent, ad valorem duty on raw sugar is of no benefit to the refiner and - only benefits the planter by making the refiner pay him 40 per cent, more for his raw sugar. When, under the McKinley dui, tne renner bought his raw sugar free, he did not give the people the benefit of his free raw macerlal,be cause he had a tax of three-fifths of a sent a pound on refined sugar, that shut off all foreign Importations, and we know that he charged just three fifths of a cent per pound more for his refined sugar than the foreign refiners would have charged for it if refined sugar. could have been entered free. Now that this tax has been brought down from three-fifths toone eigthth of a cent per pound, the refiner feejs that tne senate tariff bill has robbed him of nineteenjtwentleths of a cent per pound on refined smrar that the McKinlev bill gave him and that the Senate bill took away from him. What the Sen ate bill took away from the SHgar re finer is just four times-what it gives him. What the McKialey bill gave the sugar refiner is just five times what the Senate bill gives him. What the Sen ate bill takes away front him the Mc Kinley bill nve u-u reliner likes the McKinley bill and only likes the Senate bill for the same rea son that a dog gnaws a bone because ne can't break into a mux house or break up a guinea nest. The sugar men do not like the Senate bill and never believed ; that this Congress would pass a tariff bill. They were bitterly disappointed of what they call the coup d'etat of the House in taking the Senate bill from thej conferees and passing it. In the estimation of the sugar trust the McKinley bill and the Senate bill areas, wide apart as the East is from the West. Under the former they rolled in ! wealth and rob bed the people; under the latter they are held down to legitimate business. And they will be curbed and curtail ed yet more. When Congress meets again in December the lour "pop gun" bills will come up again. DEMOCRATIC ECONOMY. expenditure less by; thibt y vlw LION DOLLARS GOVERNMENT FI NANCES IN BETTER FIX. . Washington Post. Hon. S. D. Sayers, chal rman of th.e Committee on Appropilations, grati fies the country and credits himself in the announcement that tbe Fifty-third Congress has affected a saying of 30, 000.000 in Its budget of public expend! ture. reductions, where they cant be made without impairing the efficiency of the government, are always to be desired, but we recall no time in the generation when economy was more desirable than It is at present. Tbe operation of the McKinley act has not been satisfactory. ' The result is that, with a constant and legitimate growth of necessity for public expenditure and a tariff arrangement, tbat did not yield the needed revenue, we have been gradually approaching a condition of bankruptcy. Even without tbe en couraging prospect opened to ns by the passage of the new tariff bill, the re ductions effected by the committee of which Mr. Sayers Is the chairman are therefore as useful as they are timely A matter of 930.900,000 is .always one of moment to any government and ua der any kirca instances, but Mr. Sayers has accomplised that economy at a crisis which lends it peculiar slgntfi cSHce. ' We do not doubt that, when the new tariff bill shall have rone into thorough efiVcc, the Treasury will be relieved of all It present embarrassments. Such competent authority as Secretary Car lute tuav be quoted in support of this opinion. But some months must elapse before that consummation can be reached, and . meanwhile such achievements as this of Mr. Sayers come at a most opportune time. The Democratic party can go before tbe people in November with, a very fair ttltle to tbelr confidence, it is something, surely, to have substituted a sound, conservative ana provraeni financial system for a thoroughly un- satissactory and inadequate one, and to have exhibited, at the same time, a. Capacity for wholesome and genuine retrenchment. A QUEEHTiY HEAD Can never rest on a bodr frail from disease any more than the lovely lily ean grow in the sterile soiL When Consumption fastens its bold upon a yictim, tbe whole physical structure commences Us decay. At such buried before the disease is too far advaaced, Dr. Pierce's Golden Medical Discovery will arrest and cure It. Bend 6 cents in stamps for a Book (160 pages) on Con sumption aad iu cure. Address World's Dispensary Medical Association Baffa k,N. Y. i Once toed, Dr. Pierce's Pellets are always In favor. Specific for eonstrpa- tion. piles, bililoasness, aaa neaaacnes. Sibsoiptloa Ois Dollar a GUARANTEED CURE. inyU4horlf,OQr drngglat to sell Dr King' New Discovery for Consumrw tlon, Courts and Col& upon this con ditton. II you are allllcted with a ,d 0r fny Lyn?. Throat or Cbt trouble, and will use this remedy as directedglving It a fair trbU, and experience no benefit, you may return the bottle and your money refunded. cwuwn mate this oiler did wo not knew that Dr. Klng'a New Diseov ery could not be relied on. It never disappoints. Trial bottles free at Ir vln & PurceU'g, Drug Store. Large Size 50c. and $1.00. MUST HAVE PROTECTION. LOUISIANA; SUOAR PLANTERS WILL LEAVE rpE DEMOCRATIC PARTY - i TO GET IT. Nkw Orleans, Sept. 4. The sugar planters of the State led off to-day In their movement against the tariff policy wi. iub ucuiucrauc party Dy a largo mass meeting at Donaldsonville, in the liiird Congressional district. A meet ing will be held at Poiute a la Uache, in the First Congressional district, to morrow, and one In the Second district next week. In these three districts at hast, and possibly iu the Sixth, an at tempt w'.U be made to elect protection ist members of Congress, who will bo, free from any close party affiliation and who will vote for a Speaker and the policy most likely to help the sugar and other industries of the State. The Donaldsonville meeting was large, en thusiastic, and determined, aud it was a decided break away from the Demo cratic party and policy. There were 500 planters, merchants, and others present, all of whom have hitherto been Democrats, but they denounced the Congress, accused the Democratic leaders of treachery, and decided ll lion a line of policy that will surely endan rer. the success of the partv in the su. gar district. The speakers all expressed their sorrow at belnz compelled to leave the Democratic partv., to which they had belonged all their lives, but, adopted the declaration of Senator Cafirey, "Louisiana first, the Demo cratic party afterward." Henry McCall, State Senator.a mem ber of the Sugar Planters Committee which went to Washington and one of the largest planters In the State, was chosen Chairman, and speeches were made by him, Judge R. N. Sims, E. N. Pugh, Richard McCall, and others. Senator McCall dtclared that if the Hon. Andrew Price was willing to agree to vote for a protectionist for 8peaker without regard to paityand to support measures in the interest of the sugar, rice and lumber industries. he could get the nomination, otherwise tney would look lor, some other candi date. The resolutions were: Whereas Recent adverse tariff legis lation and threats of free sugar clearly -indicate that the dominant faction of the national Democratic party is bent upon a policy that will lead to the ...i . , ,n,t atxm mUui .ina U- .Innoyjyjshment ol our .. jievnlp : tnerf.s Resolved, That we cannot in justice to ourselves vote for any candidate to represent us in Congress who is not pledged to the protection of sugar, rice, lumber, fait, and all other great ' American Industries. And be it further Jiesolved, That our candidate ; must be free to vote for a Speaker of the House and to effect an organization fa vorable to protection: no matter to what political party said Speaker may belong. The resolutions were unanimously adopted. It looks now as though a serioii8 revolt was threatened, j a the men at the head of it are prominent not only in sugar, but in political cir cles as well. It is Impossible to de termine as yet what political effect It will have. 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The toe retain their natural petitions Outwears the old style. The big toe.having room cnouga'.sUjs inside Injrrowlnf niU, eornt, bunlom, eta. Sua Io w.ann the old tfl rtuekln. ua m- . Younp men. if vnu a-anr ii au nm,.. nil at the same time hi va tlw nir.tt socks you ever wore,; write to Averett's snqc .-More, ijanvuie, Va., and get a hair dozen pairs of the lk)i-nimMl -ni.iv.. ted socks. No one has ever used them wK6 coultUbe persuaded to buy other kinds afterwardsr A full supply for Ladies and Doys always on hand, j A full supply ol the latest anl most pop ular shaics and stvlea iiif lht CKnk. tor young aud old men and children now in W.P. AVERETT, Opposite Masonic Tempi?, - DANY1LLI, YA. EXCUSE ME. jLiut iu am urn To know that I am still atjtbe old stand and am daily receiving; a beautiful assortment of ladies' DRESS GOODS, &c.&c. i- I have made a specialty of WASH FABBCS j suitable for Apriljand May," wear. The goods and styles are THE VERY LITEST while tbe prices areistonlshingly low. The country has ceased to look t Congress for L financial relief but the Ladie's of Reidsville and vicin ity are looking nearer borne. They are looking to Huffines for relief FROM HIGH PRICES and they shall hMwhat they want. Drop in, You; are" welcome wheth er you buy or dot. j SAMPLES SEW ON APPUCMIOI All goods positively i Truly Yourfriend &C. . ' J ' J. D: HUFFINES Reidsville, N. C, March 32nd 1894 t GO OR SEND TO EWRIGHTfS, ) I. ' : DAKvTLLEVA.; Irtrl aflpfr! n nim nrii frsnif: of clothes. He has just received and opened I the largest and nrettiest and most stvlisbiUne of spring an summer j SUITINGS iNDITROESBIlS evericarried in that city. ! M r. EN RIO ULT has received ( his entire st6ck for this Spring? and summer! .so call or send at? once so y ou ban have the entiro . . .1 . 1 .'...,..- . stocK to seiecr.irom.
Webster’s Weekly (Reidsville, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Sept. 13, 1894, edition 1
1
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