THE HERALD, puhuhhku kvim kioimy moumno. 'SUKL1HHKD lssa. Bti \ n , HOIVT & LA8SITEB, PltOI k1ktorh. Kutcied at the PoHtoffloe at Smith field, Johnston (.omit/, N. C., a*Meuod-claM matter. KATi-m or idmliuption: One year, ctmh in 11 d ranee, ... $1.00 Sir months, ruab in advance, * - .50 The expiveHK>nw of the several corn' tpoudenteof thi? paper do not ueceeearily ?wfleet tin* views of the management of Thk Hkrald. The editor* are not there fore responsible for the views or utter ances ai>|>eariuK in any communication. Friday, Novkmbkk 21, 1902. TOLERATION SHOULD BE EXERCISED. The day of the Populist party has passed in North Carolina hut the history of Populism may well be studied by the politicians and the would-be politicians of to day. There is no doubt that many good men were driven into that party by abuse. Dissatisfied with certain features of the Demo cratic regime, sore because of some fancied slight, prone to wander off after strange gods, their defection was hastened and aggravated by the rough criti cism and the arbitrary treatment of unwise Democrats. It is to the everlasting honor of these men that in the hour of dafkness and peril, they returned to the party of their first love. Realizing the enormity of the dis grace of negro rule, they came to the rescue in 1900 and redeemed the State. History is ever repeating itself. It is possible for the causes that led to the land slide of 1891 to operate in the same manner in 1904 Unwise or arbitrary treat ment in 1902 may produce the same disastrous result as in '91. The negro no longer constitutes the danger that formerly caused white men to remain in the Demo cratic party. It is now possible for these men to en ertain politi cal views antagonistic to Dem ocracy and yet retaiu tie ir self respect. Moreover, in so doing, ihey can retain the respect of their f> How-citizens. The gratifying extent of the victory of this year should not warrant any person in " reading anotle r out of the party." That majority of 65,000 is composed of individuals. The strength of the rope is the strength of the weakest strand. Thestreugth of the Democratic party is the alle giance of the humble voter. Independence in politics is only dawning in North Carolina, and there is no party or machine that can stay its progress.. It will come as the logical sequence of the adoption of the Constitu tional amendment. It will ac company the advanced thought of the coming years. HORNE S COTTON ESTIMATE. Messrs. Ashley Horne & Son, of Clayton, are large and exper ienced cotton buyers and study the cotton situation seriously. Their close attention to the causes that raise or lower the price of cotton make an estimate of the cotton crop worthy of con sideration. Below we give their estimate as published in yester day's News and Observer. "Last year our estimate on the crop was 10,250,000 bales. The actual crop grown was 10,552, 000, hence we were wrong in our figures some 300,000 bales. On the 20th of the past September we made an estimate on the pres ent crop of 11,250,000 bales, which was published in 'The Journal of Commerce and Com mercial Bulletin' of New York of that date. At that time hardly a bear could be found, but on the other hand, everybody from New A'ork to New Orleans was bullish. Even Messrs. Buston, Ellison and Neill had not ventured their estimates which have lately up i>eared with such depressing ef fects upon the market. Know ing so well that our figures were bearish, we would not publish I them hert'.-t)y. and they hnve a ?, manly grin ? about them that makes tin -wearer feel proud of hi. t~ appearance. U| We'd like you to come in and see the flj NbVV FALL AND WINTER SLITS and the y4) NEW FALL TOPCOATS and WINTER OVERCOATS. W tj) You'll not And their like elsewhere?that's certain. ^ Suits $3.00 to $17.50 * Overcoats $3.00 to $15.00 jjj \9J ill * v?N. B. GRANTHAM & CO. ^ * it/ High Grade Clothing and Furnishings for Gentlemen and Boys. it/ ifti vh tfc THIRD STREET, - - SMITHFIELD, N. C. SAW MILL WANTED. I want Home i.ne with saw mill and teams to cut several different tracts of pine timber for me. Have several locations for mills. Will give good price to have tim ber sawed. All the timber is near Clayton. J. A. VINSON, Clayton, N. C. The Austin-Stephenson Co. buys gooi 8 in car lots and will sell you as cheap as anybody. FOR SALE. A farm of 71 acres four miles north of Selma; >'55 acres cleared. Also a tract of 50 acres all woods. P. B. CoRBETT, Selma, N. C. Nov, 19, 1902. 4w. ?Sold and guaranteed by? Holt Hardware & Buggy Co., Smithfield, N. C. "Queen Quality" SPIERS BROS., Sole Agents, SMITH FIELD, N. C. Talking About Tooth Brushes? We have them. A jfross of Loonen cele brated brushes just received which we are Belling on a guarantee. School Books I by the hundreds. | Tablets, Pencils, Slates, Ink, and all school supplies in abundance. Box Papers, Nice Tablets and Envelopes for correspondence in nice variety. Call and examine our stock and we feel sure we can please you as to price and quality. HOOD BROS, On the Corner. Druggists.j DIE TO WIN? WHY MO, LIVE TO WIN. What is an Accumulation Policy in the New York Insurance Company. It is A Policy absolutely without Restrictions; A policy with but One Condition, namely, the payment of premiums; A Policy with a Month's Grace in premium payments and paid in full in case of death during the month of grace, less only the overdue premium with interest; A Policy providing for Ke-instatement within five years after default in pay ment of premiums if the insured is in good health; A Policy automatically non-forfeiting when the first deposit has been made; A Policy with Privilege of Loans at five per cent, interest, any time after ex pi ration of second year; A Policy with Six Options in settlement at the end of 15, 20, 25 or 30 years; | A POLICY INCONTESTABLE FROM DATE OF ISSUE; A Policy payable immediately on receipt of proofs of death in one sum or a selected number of Instalments. The Oldest and Largest International Lite Insurance Company in the World. Modern New York Life Insurance is not simply to insure a per son's life against death, but is an opportunity to purchase au Ac cumulation and investment l'olicy. He is not only making an in vestment for himself and his family, but is immediately protecting himself and his family against any and all future financial contin gencies; that after making the first payment, he has in his posses sion a contract that is speedily to become as valuable to him per sonally, while living, as it immediately is to his family in ease of his premature death. Every intelligent business man will buy an Accumulation l'olicy the moment he fully understands its peculiar advantages and splendid benefits. A policy is collateral security on which you can always borrow money. From the above you see the New York Life has adapted Insur ance to the modern requirements and has a policy superior to any issued by any company in the world. For further information as to the cost, protection and benefits of the New York Fife, please address, JOSEPH R. ATKINSON or GEORGE D. VICK, Selma, N. C. NEW FIRM IN CLAYTON! B. M. ROBERTSON & CO. To do a Sales and Exchange business in first-class MULES AND HORSES.^ Mr. Robertson is now in the West buying some fine young Mules weighing from 800 to 1,100 pounds, a car load of which will arnre by the 15th of this month. Will You Need a Mule or Horse? If so, wait and see them and you will be glad that you did. Dou't ask what we have?just say what you want and we promise that you'll get it. Remember too, that every animal is just what we sav it is or you may return it. Thanking you for the patronage extended to Mr. Robertson heretofore and wishing a continuance for the new firm. We are, Yours to serve, B. M. ROBERTSON. C. W. HORNE. Ml. Moriah Academy. A good school and a good healthy location. Academic and Music Departments unexcelled. The best opening in our history. Special arrangements for teachers. Students may enter at any time and pay from date of entrance. For catalogue, address Rev. M. A. ADAMS, Principal, AUBURN, N. C.