North Carolina Newspapers

1 J . ' 7 - VKa QfiAtinor Vacnoht THE currency problem and J. IIC 0CUVC1 VJlCOClll, CONGRESSIONAL ACTION. Published at Spencer, N. C, Every, Friday. L. SCOTT ALLEN, Editor. Subscription, $1.00 Per Year. Invariably in Advance. Spencer, N. C, May l, 1908. Bankers throughout . the - country continue to give , serious thought to the question sprung from our finan cial ills. Widely divergent are the views expressed" by debaters In Con gress; while We liave always as usual, the profundities' of Mr Bryan from which to raw fresh inspiration Advertising Rates Moderate. ; an novelty . , i - - Given Upon Application.' Recently, the' New York Chamber . of Commece characterized the Aldich bill as a measure which would pro vide a highly taxed emergency fund; and the Fowler bill as one which THE CURRENCY PROBLEM, THERE SHOULD BE A COMPREHEN SIVE SYSTEM DEVISED, COVERING THE WHOLE MONETARY QUESTION. tlon of credit notes. The National Banks in Chicago, and the Chicago Clearing House, insisted that means should be provided , for readily in creasing the -supply of currency A Commission, such as Senator Du ' 'nen needed instead of locking con- iiniiftiifi v nnH norm n on THr a r iinno. Pont recently proposed in his bill to ; cesSary proportio of the country's reform the currency, or some bill em bodying its working features, should it seems to us, be authorized by the A FUTURE RULER OF AN .EMPIRE The picture given herewith ' the most recent portrait of Grand Duke Alexis Nikolaievitcb, only son of the czar of Russia. Although the Rus sians have no special' liking for the from the Richmond Times-Dispatch. The time is ripe for the wisest men Objection has been made to the prohibition against directors and Congress, before its adjournment, ; are iuterested, in restriction of loans; giving the President power to ap- and provisions for loaning to bank point the members ; and requiring it 1 officials is barred. Substitution of to prepare a comprehensive report ' bonds in country banks for balances upon all federal legislation enacted I the J.f e"? ce1 $eserve I cities will not, it is believed, pro- since the formation of the govern- mote safety; arid in our own judg- ment; with a supplementary state-; ment many country banks would not ment of such legislation by foreign ' be .in Position to so convert their se- ... V 171 1 1 France and Germany. Existing sys- DEMOCRACY'S OPPORTUNITY. terns should be explicitly explained, showing existing conditions in each of the countries named. We have seen how diverse are the ( heads and their hearts together and' views 01 statesmen wno nave ven- ( lay down a policy: based upon perma tured to air their theories in the I uent principles of economic truth and present Congress upon currency re- flaj,n ?usce, and, havin chosen a - ... . , .... . , ..' , leader who believes in those essential form. The Aldrich bill had its en-. Democratic principles, to. appeal to tnusiastic or stubborn advocates, as the country to maintain the principles also did the Fowler bill. Even La and elect such chosen leader Presi- Follette's treated seriously ciers generally, however, has been bound to be adopted, and that ' Mr. that neither these nor any other pro- Bryan or any other man is bound to positions have shown any essential; nominated, i3 inconsistent with tv, u . v. 1.1,1 . ' the very idea of free conference. The merit. The Aldrich bill was opposed prlmary essential of success -is a by the New York Chamber of Con- conservative platform embodying the gress chiefly on the ground that it essential principles of the Democratic was "socialistic and communistic.'M Parfy. as they have been since the: , . t ! party was founded, without novelties, and so it was. The Chicago bankers and then to cboose the best man t0 declared that the substitution of put upon that platform one who be bonds, in the vaults of country banks, lieves in the platform and will pledge for balances in the reserve and cen-! hins?!f fPPrt its .principles. The i- .1 candidate is immaterial when com- tral reserve cities, offered no promise ; pared with principleg and thelr suc. of safety. They objected to the fea-, cess. ture prohibiting loans to directors' The Democrats have not, since and companies in which directors are1 1876 had such an opportunity for suc- " vi 1 u 1. , cessful revolt against "the Republican interested. Philadelphia bankers party ag tney nQW haye If &ey fal, were equally averse to both the Al- to avail themselves of it at this favor "drich and Fowler Bills; and, so far as able crisis, they will be justly rele the counfry banks are concerned, gated to an obscurity where they v i . A, . can only weep and gnash their teeth, there appears to be nothing in either ( j y u 6 0 of the two measures whieh would: Take heed, therefore, that the light enure to their advantage, but much which is in thee be not darkness. ,1 r-, - T T :t .1 tn . mi. j .1 vision was by some 'cut " A v. , Lcla- The sense of flnan- Pr r,intfnrrr, i'D iu . s A IPi THE DINGLEY TARIFF AN ANT1-QUE. Romanoff family, they appear to have a decidedly sentimental fondness for this its youngest representative. Attention has ""ben called to the fact that the present tariff law, known as the Dlngley tariff law, has been in effect lger.-tnati any previous customs law. The tariff of next long est duration was the Walker tariff, which became effective December 1, 1846, and was not superseded for ten years and 216 days. The Dingley tariff became effective July 24, 1837, and therefore attained the age of the Walker tariff last month. From pres ent indications it is' not likely to be amended or displaced for some con siderable time, so that it seems -destined to make a cojispicuous record for longevity. That the Dingley tariff has retained its 'place among active statutes solong is iiot because it more nearly approaches the ideal tariff than any or -its predecessors, nor because it wlaid down on such scientific or Tsflimetrical lints' that it was incapable of amendment, without absolute reconstruction. It owes its Immunity from changes to fortuitous circumstances. Not since its enactment .have tariff revis ions or reformers secured sufficient power in Congress to enable them to make an effective attack on it for the purpose of generally reducing duties. Attempts have been made to work up a sentiment in favor of modifying pome of the schedules which the lapse of time and commercial changes have made desirable to certain domes tic interests, but all movements of that kind have received no encour agement from those who have been and are influential in directing fiS ticnal legislation. The fear of pre cipitating a generar tariff revision, with its accompanying interruption of business, has always operated as a deterrent. With vejy brief interrup tions, the period covered by the Ding ley law has been one of abounding prosperity and to interpose so serious a check to business as a general tar iff revision would have been to en danger political supremancy from which the boldest leaders of the don inant party might- well shrink. LADIES Come to A. W. Winecoffs for General Dry Goods Dress Goods Notions Shoes, etc. You will find our stock com nlete and our trices as j low as is consistent with the quality ! of goods. THE NEGROES HAVE RIGHTS. From the Hartford Current. "If a negro who has paid first-class fSre to a railroad company is re quired (under local law) to ride in a car set apart for passengers of his color and Tace, it's the company's bounden duty to see to it that the car is as comfortable in all respects as any provided for white passengers paying the same fare. That is Theo dore Roosevelt's doctrine; does any body dissent?" Hartford Courant. Take the chip off, please. The South agrees with you, and the Pres-I U1.11L. CONFUSION WORSE CONFOUNDED. in the shade that if they weren't they would suffer from sunstroke. that would prove a hardship. i Currency reform is needed; but it should be actual reform, with per manency; and not a sham nor a make-shift. i Luke xi, 35. Even though it is the unexpected that always happens there is always someone to say: "I told you so." THE EDITOR'S REVELS. Do not despair of the regeneration of any one. Even the Demagogue will be a better man when he is dead. There is a time for everything. -It is the Naked Truth, to appear in ColdiiB Weather. I I The spectacle cf a solid delegation! arising in a national convention, withi a halter around its neck, each member; shouting the monologue "Me Too!"; under the lash of the unit rule, is' enough to make a cadaver laugh. I j Remember, before rushing into, print 1 that it won't rub out. ! t The Washington Star gives a remedy for red hands; but none, as yet, for red noses. The North Carolina prohibition law, stringent though it is against brewer ies, does not authorize an entry where trouble is brewing. Ee not bear-ish, but bear patiently the ills that bear upon you: bearing in mind that to forbear is better than to be overbearing; even if you are a bear. c s- When we think of the authors of the country's ills, we regret in our inmost that the whale repudiated Jonah. , e o The touching manifestations between Speaker Cannon and. John Sharp Wil liams , stopped .short only of kisses when they made up. :y f Fair Treatment for the Railroads i South Carolina. From the Richmond News-Leader. i feJA South Carolina courts developed ;E? evidences of a curious reaction. Two ' CfM or three years ago corporation law- j yers went into the courts of that! State with fear and trembling. TheJ juries gave fearful verdicts for plain- j tiffs whenever corporations were de-l fendants and there was the slight-. est pretex or color of a case. Now j lawyers for the plaintiffs in such I cases are compromising at every pos-j Bible opportunity. Verdicts in favor , of corporations have become the prevailing fad with jurors. Where! damages of $20,000 at a crack were! not uncommon, it is hard now to get even 5100. One reason suggested for this is that increasing numbers of: farmers own stock in corporations and therefore have become corpora tion men or nave near "relatives em ployed in responsible positions in such enterprises aaj therefore are naturally biased in their favor and disposed to protect them against j severe losses. The Story of Spencer's Growth and Its Present and Future Fourteen Years Ago. A waste of field and woodland. Twelve Years Ago. Recommended by Southern Railway Engineers as the Site for Its contemplated Shop Plant, which has been three times expanded, and now of gigantic proportions and still Ic far below its prospective proportions. A nreat Car-Building Plant mu?t sooner or later be erected at Spencer, to meet exigencies certain to arise. A great Foundry will be a necessity; and even now is a soued economic proposition. The steadily increasing volume of freight passing this point will ere long demand far greater facilities than now. This means other and huge structural de velopments at Spencer. These inevitable additions when constructed and op erated will swell the industrial population of Spencer to twice its present numerical strength. Spencer will thus becom a great centre of indus trial activities, 'twill have an abudance of labor ready for employment in factories, mill3 and other in-" dustries where the youthe of the town can assist in the general effort of upbuilding. Real Estate will- advance: Investments will be made here without fear of decline in values: manufacturers will 6?ek' the eligible and available sites remaining. There are unucual opportunties here now: there should bl a line of manufacturing concerns stretching from Salisbury to the Yadkin; and in c?ue course of -4ime there will be. There fa an agricultural country environing Spen cer" not excelled in any other section of the States. The farmers ef Rowan are proverbial for thrift, intei intelligence and hospitality. They are prosperous, they are progressive. Farmers from the West and North and East woh come to this genial section find better conditions than they left behind and they suc ceed here. 118 N. Main Street SALISBURY, N. C. At "The Thornton" Large, pleasant rooms, wide,- cool corridors; broad galleries front and side; hot and cold water; bath rooms and lavatories; smoking room; all con veniences; well supplied table; ac commodations, at reasonable rates. MRS, C. M. THORNTON, Prop. Technical Abstracts AND Expert Examinations OF Land Titles IN ANY STATE Personally Conducted. L. S. ALLEN, Attorney SPENCER, N. C. Senator Davis Will Speak Washington, D. C. April 28. Sena tor Jeff Davis introduced a resolution Railroads in the South Will Give Re- directing that the judiciary committee duced Rates to Birmingham, in be discharged from consideration of June. - i his' bill for the suDDression of trusts. f rom me tjoiumDia state. i , m.. ; The railroads have granted extra-' or combinations in restraint of ordinarily low passenger rates on ac- ' fVlof . ,. or,i. ti. , - i He gave notice that he would speak count of the annual reunion of the' ,. t.,-., - United Confederate Veterans, which)"" 1'"ua is to be held this vear in Birmlne-I ham. June 9-11. Practically all rail- One Fatally Injured 3 1! ! Al PI 4.1. 1 ,1 I J roau lines in vixv. ouuiu nave emcicj Into an agreement to grant delegates! and visitors to the reunion a rate of j 1 cent per mile, short line distance Elizabeth, N. J , April 28. One man traveled, plus 35 cents for the round' was probably fatally injured, many triP- slightly hurt and traffic on the Penn- Tickets will be placed on sale June sylvania blocked for several hours as 6, 7, 8 and for trains scheduled to the result of a collision between a arrive in Birmingham before 2 p. m.) freight and passenger train near South From the Washington Star. Judging from the following news dispatch from Pittsburg, just printed, the interstate commerce commission has been making serious trouble for the transportation of the country: "The Pittsburg and Lake Erie rail road, of the Vanderbilt system, is trying to carry out the recent order of the interstate commerce commis sion that every railroad compile, print and make publlfithe rates from every station or. its line to every other point in the United, States. The Pittsburg and Lake?' Erie is only one hundred miles" lonK. Last week live clerks were put' td work, and it is estimated that if.they work con tinuously, and all thf other rail roads co-operate with them in giving them information, they will" complete the task in five years. . How long it would take for the big roads, with' their thousands of miles of length,! to comply with the law is problemat-' cal." . . . UNITED CONFEDERATE REUNION. In Train Collision of June 9. They will be good for return passage, leaving Birmingham not later than midnight of June 20. Tickets will be limited to continuous Elizabeth. Is LiHey Shadowed? Washington. D. C. AdHI 28. The passage in each direction and will be; statement made bv Representative of the "iron-clad" form. They will Lilley to the special house commit- uc fi-uu yjLuj iKu-o -""v, letJ investigating nis cnarges against .1 , r T'V. r 1 ..... .... standard, one-way fares apply. The usual baggage regulations will apply. Extensions of time limit will be shown to be unable to travel on account of sickness. GIVE THE FARMFRS A PARCEL POST. ROAD TO FRANKLIN. 't The new-made road to the hamlet of Franklin is being pushed with a vim. Jt will be a, comfort and con venience to the good farmers north of bere. We invite investigation: wo ack you to we offer you our cordial co-operaticn in homes, business, or investments. visit us: securing THE MAYOR AND BOARD OF ALDERMEN, SPENCER, N. C. OF assess 3) tgasEZr Retail country merchants and farm ers, it is believed, would be immense ly benefitted by the establishment of a special local parcels post on rural routes; it would, perhaps, make the postal deficit disappear, and the free (rural) delivery self-sustaining. There are now in operation 38,038 rural' routes,, serving a population of 15,000,000 people, and should an aver age of five 11-pound packages be car ried on each trin throughout the year it is estimated at fifteen mill ion dollars would be realized and the net return to the government would be more than "sufficient to equal the, deficit. A statement issued by the post master general giving the postal receipts for March, 1907, shows a decrease of 260.957 or 3.11 per cent at the largest fifty postofflces. REIDSVILLE NEWS. Mrs. Hall, prominent in the organ zation cf the "Woman's Prohibition Circle, is doing splendid work. Coun ty circles are in process art formation. Mr. C. C. Butler and family are now in their new and prety home in Lindsay street. J He who does not, what he can, cannot when he will. French. WANTED. Young- Ladies and Gen tlemen to solicit subscriptions for The Spencer Crescent., a general weekly newspaper, devoted to educa tion, literature, industrial and com mercial interests and' activities. Also, correspondents in every school district fn Rowan county; and in nearby towns. ' ' j SnhRP.rihers rates are. for one year '; f$l; for six months, 50 cents; for three months, 25 cents, In advance. McIIod free to any address. the electric boat company, that he was being shadowed . by private de tectives, was positively denied be fore the committeje by Frederick Webber, detective officer at the-capital. Mr. E. S. Burgess recently purchased the hardware business of Mr. H. T. Smithdeal. A substantial addition is being made to the building he occupies to accommodate a larger stock, and the plumbing business he will carry on in connection with it. The Place to Get Your GROCERIES A Complete Line Staple and Fancy Groceries Carried Cigars, Tobaccos and Crockery Country Produce Bough -and Sold . S. A. Blalock Fifth Street, Spencer, N.C. o o JHiaroware to Hardware Haying purchased the Hardware business of Mr.'H. T Smithdeal, I am now prepared to serve the public. Get My Prices on Oliver Steel Plows Garden Plows Lawn Mowers Lawn Hose Have a Full Line of Building Materials and Plumbing Supplies Always on Hand Estimates on Jobs Given Cheerfully urgess 0 0 0 Opp pencers Spencer's Advantages What Spencer Needs Now ortunities ! A Great Terminal only Two Miles from Salisbury. Population 3,500. Twenty Thousand Population in a Four Mile Area. Largest, Best Equipped Railroad Shops in the South. Over 200 En gines in service. Seventy-five repaired each month. Four Thousand Freight Cars repaired each month. One thousand Two Hundred Miles of Road in Mechanical Division. Average Pay of Railroad Employes, $60 monthly. Spencer is a Railroad Terminal for Three Divisions. Is 334 s. w. from Washington, on Main Line of Southern Railway. Accessible to every section, of the country. All trains stop, at Spencer. Spencer has two Ban,ks: Many Business "Houses: Ba;,L;jt, Methodist, Presbyterian, Reform, Episcopal and Catholic Churches: A great Highway and Trolley Car Line: a nine-months' Graded School: Stone Sidewalks: At tractive Residences: Waterworks and Sewerage Systems: Electric Lighting: A Splendid Citizenship: No Distilleries or Saloons: Is Progressive, Publio Spirited, Conservative in Politics. Spencer has unexcelled Industrial Sites, and an abundance of the very best labor at hand for factory, mill, and other plants. Spencer Need3 A Fifty-room Hotel: A Wholesale Hardware House: Lumber and Planing Mill: Overall Factory: Mattress Factory: Ice Plant and Cotton-Seed Oil Mill: Steam Laundry: Foundry: Paper Pulp Mill and many other Industries. Spencer's Climate Is absolutely healthy, and temperate. Its' Artesian Water absolutely wholesome and delightful.. ' Prospectors, Investors, Manufacturers, Business Men, Farmers, are cordially invited to visit Spencer, inspect our advantages, explore our splen did and productive County and see Rowan County Farmers 'at home. Accurate details of information cheerfully and promptly given, by B. 0. BLALOGK, Secretary Retail. Merchants' Association, ; Spencer, Rowan Co., N. C. f - , y. & .4