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S oell Bros. , Proprietors.
Home First: Abroad Next.
$1.00 Per Year in Advanc
,OL. XXVIII
ROXBORO, NORTH CAROLINA. Wednesday Evening, October lg Ml.
No. 2
s
UNIVERSITY ITEMS.
:rcises commemorating the
hundred and eighteenth anni-;-::ry
of the laying of thecorner
: of the University were held
. Thursday Oct. 12th.
i ndent Venable was the first
. ;'..c- on the program and in a
few words he showed how
- I niversity had grown through
;! the years of its history. He
;o said that he beleived within a
very few years this University
will rank among the leading Uni
versities in the Country in equip
ment and otherwise. He spoke
of the medicial building already
under process of erection, and of
:he Peabody Educational building
and the Engineering Building that
are to be erected in the near future
:ind the most needed means of
perfecting these departments. In
conclusion he presented to the
audience Dr. C. Alphbnso Smith,
ormerly of this University, but
ow of the University of Virginia.
Dr. Smith spoke on kThe
mericanism of American Litera
In the truest sense was it
.i lining and masterful address.
Bishop Ronthaler, of Wins ton -Saiem,
delivered the first of the
1 niversity sermons here Sun
iay. Carolina defeated Bingham
Asheville) here Saturday in a
ery interesting game of football.
The Bingham boys were equally
is heavy as the Carolina boys and
.. ere only defeated by the plucky
::ht put up by the home team.
STOMACH TONIC
Puts the Stomach in Splendid Shape
and Supplies Vim, Vigor and Vitality
so ihe Whole Body.
if you feel all run down, out of
-ills, nervous and depressed, go
nd get a 50-cent box of MI-O-XA
stomach tablets today.
Take every one of them ac-
ui'ding to directions and when
tiu'v are gone you will feel like a
different person.
MI-O-NA stomach tablets will
ivnovate your disordered stom
ach and bowels; they will put
ife into your inactive-liver.
They will banish nervousness,
brain fag, dizziness, headaches,
night sweats, and sleeplessness.
, MI-O-NA will stop, sour rising
,ras andheartburnmfive minutes
Large box 50 cents at Hambrick
and Austin druggists every
whe re.
We have plenty of fertilizer for
wheat, call and get what you want.
Garrett & Stanfield.
This
The Buck Eye Wheat Drill,
The Cotton King Reversible Harrow,
The Malleable Steel Range and Cook
Stoves. -
These stand for the -Best and when
you are interested in a Wheat Drill,
Harrow or Cook Stove, we will thank
you to call on
NG BRADSflER & G
il
IN
Plan Of Reorganization To Comply
With Law is Made Public.
New York, Oct. 14 The plan
for the dissolution of the Ameri
can Tobacco Company in com
pliance with the decisioti of the
United States Supreme Court de
creeing it an illegal combination
was officially made public to
night. It will be submitted to
the United States circuit court of
the Southern district of New
York for . approval Monday. It
was decided to make the plan
public prematurely owing to the
publiccation today of a summary
purporting to be official but
which, according to Delancy
Nicholl. counsel for the American
Tobacco Company, was incor
rect. The official plan provides for
division of the American Tobac
co Company, into four companies
no one of which, it is stated, will
have a controlling influence in
the tobaoco business.
FOUR COMPANIES.
The four companies are the
present American Tobacco Com
pany which will continue its cor
porate existing, the Liggett &
Myers Tobaoco Co,, which is to
be organized; the P. Lorillard i
Company, also to be organized
and the R. J. Reynolds Tobacco
Company, an existing corpora-
tion. Disintegration is to be
brought about by selling S115,
000,000 of the property of the
American Tobacco Company con-
! sisting of factories, brands, busi
ness and capital stock of tobacco
manufacturing companies now
owned and controlled by it to the
Liggett & Myers Tobacco Co.,
and the P. Lorillard Company for
cash and securities of the two
veedee companies, and by dis
tributing to common stockhold
ers of the American Tobacco
Company two-thirds of the stock
of the R. J. Reynolds Tobacco
Company, now owned by the
American Tobacco Company.
Distribute Stock.
The plan also provides for dis
tribution in the form of dividends
of the securities of the various
subsidiary companies controlled
by the American Tobacco Com
pany, manufacturing licorice,
snuff, tinfoil, etc., to the Ameri
can Tobacco Company's common
stockholders and the division of
some of these subsidary compa-
TOBACCO TRUST TO BE CUT
FOUR PARTS.
Our Lin
nies, which were held to be il
legal combinations, into seperate
companies, having no interest in
each other.
It provides further for radical
changes in the voting power of
the stock so that the twenty-nine
individual defendants', who
formerly controlled the American
Tobacco EQompany through the
ownership of fifty six per cent of
the commn stock, will surrender
this control.
The principal financial feature
of the Dlan is an assessment on
the $40,260,400 common stock or
the American Tobacco Company
amounting , to $40,250,400 or
about 91 per cent which will be
used toward the proposed retire
ment and cancellation of the
company's existing bonds, For
this assessment, however, the
common stockholders will receive
stock of the Liggett & Myers and
P. Lorillard companies. .
Division of Business.
It is set forth that the 80 per
cent of the production of cigaret
tes in the United States, now
controlled by the American Tot
bacco, will be divided practical
ly 37 per cent to the American
Tobacco Company, 28 per cent to
Leggett & Myers Co., and 15 per
cent to P. Lorillard Company.
The 77 per cent of smokjncr to
bacco controlled will be divided
practically 33 per cent to the
American Tobacco Com pony; 20
per cent to the Liggett & Myers
Co., and 22 per cent to the P.
Lorillard Company and 2 to the
R. J. Reynolds Tobacco Ccm
pany.' The 80 per cent of the plug to
bacco will le divided practicilly
25 per cent to the American to
bacco company, 34 per cent to
Liggett & Myers and 3 per
cent
to the Lorillard Company and 18
per cent to the Reynolds com
pany. The 79 per cent of fine cuts to
bacco will be divided about 10 per
cent to the American Tobacco
Company, 41 per cent to Leggett
& Myers and 28 per cent to Lor
illard company- The 13 per cent
of cigar manufacture controlled
will be divided about 6 to Ameri
can Cigar Company, 6 to
the
Lorillard company and I to the
American Stogie Company.
The 93 per cent control of ''lit
tle cigars', will be divided about
15 to the American Tobacco
Company, 44 to Liggett & My
ers and 34 to the Lorillard com
pany. The ninety per cent of
the snuff business will be divided
practically 32 per cent to the
present American Snuff com
pany, 30 per cent to :he George
W. Helms Company and 28 per
cent to Weyman & Bruton Co.,
the latter two companies to be
organized.
Each preferred stockholder of
the American Tobacco Company
will be offered the right to ex
change one-third of his holdings
at par into seven per cent pre
ferred stock of the Liggett' &
Myers and Lorillard companies.
Pay off Bonded Debt.
The effect these changes when
made will be to pay off the entire
bonded debt of the American To
bacco Company, amounting to
$104,230,750 and to reduce its
assets correspondingly. It will
be left with $52,459,500 6f the
preferred stock and $40,260,-400
of common stock as its only out
standing securities. The ,p re
ferred stock will be given full
vnWnVhts andthft rWrnl nf
a mu:
uie .uitjncau j.uuatx:o company
will thus pass from the 29 indi
vidual defendants to the holders
of the $92,719,800 preferred and
common stock.
' Both thepreferred stock of
Liggett & Myers and Lorillard
companies will also have full vot
ing rights and. the twenty-nine
defendants will control neither of
these companies. The same will
be true of the R. J. Reynolds To
bacco Company. None of the
four companies will have any in
terest in or relation to the other,
althought at the outset they will
of necessity have many stock
holders in common.
The Control.
No small group of men, not
even tho twenty-cinfe individual
defendants in the aggregate, will
own the control of any of the
principal, accessory or subsidiary
companies, the plan states.
The total cost to the common
stockholders of putting the plan
into effect, it is set forth, includ
ing the increased interest and
preferred dividend charges capi
talized on a five per cent basis,
the payment of bonds' at above
part the expenses of the disinte
gration itself and the organization
of the new companies will amount
at least to $22,000,000, this in
addition to $36,651,925 In cash to
be used towards paying the bonds
of the company.
A Transparent Shame
New York, Oct. 14. Represen
tatives of independent tobacco
interests, when shown copies of
the American Tobacco Com-;
pany's dissolution plan, denouncj
edit as a transparent sham,
and claimed that it left the situ
ation just as bad and in many
respects worse.
Ira Morris, who was today
. , , . .
zanon or maepenaen looacco in
terests, said the plan was an ob-
vious evasion of the decree of (
the United States Supreme j
Court. He declared that it would
i
be an easy device for the twenty-1
nine individual defendants to i
nave tneir mends or uneer
strappers" own enough stock in
addition to the comrrfon stock of
the American Tobacco Pompany
which they retain and to thes
stock of other companies which
they will receive workiflg con
trol of the entire aggregation.
Teachers Township Meeting.
I will hold my Township meet
ing on the following days and
places:
Bushy Fork No 2. Monday
Oct. 30th.
OliVe Hill No 3 Tuesday" 31st.
Cunningham " 1 Wednesday
Nov. 1st.
Woodsdaje " 1 Thursday " 2nd
Roxboro" 4 Friday4' 3rd.
Flat River " 1 Monday " 6th.
Mt. Tirzah " 3 Tuesday " 7th.
Allensville " 3 Wednesday "
8th.
Hollowavs " 3 Thursday 14 9th.
Program. (
10 o'clock A. M. Devotional
Exercise.
10-15 to 12-30 Instruction- of
pupils by teacher,
12-30 to 1: Miscellaneous.
1 to 2 P. M. Refreshments.
,2 to 2:30 Recitations , by the
pupils. i"
2:30 Essa by the teachers.
All teachers in the Township
where these meeting are held are
required to attend. These meet
ing will be very interesting. Pat
rons are requested to attend and
see how their children are instruc
ted. A cordial invitation to the
public. .
G. F. Holloway.
Co. Supt.
Oct. 16th, 1911.
2ts,
Remember the Orphanage Con-
! cere next l uesaay evening ai uie
I . a T" I y - : ' 1.1
Auditorium.
School Books, ' full su
at
Morris-Webb's Drug Store.
mi
ihe
Drugs, Chemicals, Stationary,
Toilet Articles, Box Candy, Ci
gars, - Tobacco and anything
kept in an up-to-date Drug Store
Bring or send us
u
10L
fl!
10E
Whitted's
Win
The live wool elt Inner Sole provides ab
solute cbmfort for. the . feet Conforms to
the shape of the foot; distributes pressure
evenly ; pre vents nerve
mg. ine snoe itseii
over the latest lasts,
and beauty.
f High Shoes, $4.00
Low Shoes, (except patent) $3.50
R, A. EAST & SON. South Boston, Va.
it
hoe
JOL
FUEIITUE
Without fear of successful contradiction
we make the statement that we have by far
the. best stock of furniture in Roxboro. The
truth of the business
another stock here that is m the same class.
We can furnish any room in your house bet
ter than any other fctore in Roxboro and we
will not onljr furnish it better but we will
do it cheaper. You owe it to your purse as
well as to your pride,
.1 i i x
the prices oeiore you Duy lurmrare. iou
can't afford not to do it.
Hall Furniture,
Parlor -Furniture,
Library Furniture,
Bed Room Furniture,
Dining Room Furniture.
In fact all kinds of furniture for a well, ap
pointed home. Try us, we will please you
both with quality and price. r -
Second Floor. .Furniture Department
IOE
3 C
XOZ
5ir
2!
your prescriptions.
Store.
21
20
Particular
Women
Endorse the--
Dr, Edison
Cushion Shoe.
P
- wearing jar of walk-
is ngnt ana cool, Dunt
and is a model of style
30E
is that there is notjUJ
to see our lines and get .n
i p i 17". I; li
O
(oi ")iloifS
201
Drug
A,
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V
s. ' 1 .
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4
-s.
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