*VOL. XI. NO. 34
SOME REASONS WHY
CAPIAL IS SCARE
Large Volumnes of Money
Provides no Safeguard
Against Interest Rates
---Capital Invested and
Not Loanable Every
Man Who Saves a Capi
talist
Some points of interest are made
by The Wail Street Journal with
k - regard to the argumeut "there is
more money in the country than
ever before" which has been reviv
• ed by those contending that an ad
verse trade balance, land specula
tion and large capital expenditure
should not cause higher interest
rates. Such a conteution. as our
financial contemporary shows ig
nores the fact that large volume of
money provides .no safeguard
against rising interest rates at times
when capital expenditures and ex
travagance are growing rapidly.
In 1906, for example, total volume
of money and per capita circulation
both made new nigh records But
as business expanded there was a
constant conversion of loanable
funds into wages, aud a correspond
ing flow of currency trom banks In
to the tills of mercantile houses and
the pockets of individuals. Thus
between 1904 and ,1906 the amount
of money in all' the: country's re
porting banks fell from 35 06 per
cent of the total to 32 92 per cent;
while money outside tbt banks and
United States Treasury increased
from 54.80 £er cent to 55 22 per
cent. Precisely became the major
ity of the people had never bad
money than then, loanable
funds became scarce. Money or
dinarily avilable for loans went in
to general circulation—in a word,
ceased to be capital and became
spending money. "While itiscotr
ceded," says this argument which
we have been summarizing, "that
the money now being invested in
land^ buildings, railways, manufac
tuiing plants and other fixed forms
of wealth, is not thereby destroyed,
and does not disappear from the
country, yet a large part of it does
disappear from the banks, ceases
to be 'capital,' and is no longer
available for loaning to merchants,
proJucers, etc. In short, it passes
from the bands of the capitalist
(and every man who saves monev
and either loans it or places it on
deposit in a bank is capitalist) into
the hands of a non-capitalist.
Moreover, during a period of rapid
expansion and over investment a
large class of people who ordinarily
belong to the capitalist or saving
class are no longer able to save be
cause of the high c6st df'living and
of doing 'burners, and are thus
forced into the non-capitalist class"
From all this it is easy to see how
abundance cjf money in circulation
and scarcity of loanable money
may exist —very naturally and al
most inevitable do exist—side by
sids.
Those who employ the argument
"more moujry in the country today
than ever before" ate evidently
wrong. The undeniable fdcts con
vict them of ejror, and the only
problem is to explain wherein their
error lies. That the explanation is
as given above, we are convinced.
Incidentally the fundamental dis
tinction between capital and money
becomes so plain that no onp can ,
fail to recognize it. Incidentally,
also, the State's present bond com
plication, necessitating an extra
session of the Legislature because ,
no allowance was made for the
ever-fluctuating interest rate's per
formance, is explained.—Oharlotte
Observer.
. • •
Platonic friendship is an island
of'joy entirely Grounded by dan
§er. —L'ppincott's.
-••• • • : - ' , T ws V - % ■ V r.*:v
. - _ - .. - " ■ ' ■ - -.1". 1
THE ENTERPRISE
Higgs Industrial Institute
The first annual commencement
exercises of Higgs Industrial In
stitute, Parmele, N. C., began
Sunday afternoon May 29th, at 3
o'clock. The baccalaureate ser
mon was delivered by Rev. M. B.
M. Butler, Greenville,- N. C He
chose for his-tex-t, "Seek and ye
shall find." So practical did he
handle the subject tbat 110 one
present could go away without be
ing greatly benefitted. He urged
the importance of seeking industri
al education, and showed that 110
person could be truly religious
without the habits of industry.
That one niust seek proptjj associa
tion in order to fiiaintain a higfr in
tellectual and moral standard. "In
the midst of all this," said he,
"first seek eternal life."
Monday evening at 8 o'clock,
program by the Primary Depart
ment. The principal speech was
delivered by Rev. Jas. T. Gaskill,
P. E , Greenville, N C. He spoke
of the need of a school iu this sec
tion of North Carolina that would
train the colored youth to the
habits of industry that they may
become better citizens. He said
that the school would have a broad
field of usefulness in a needy
section of the State, and appealed
to the people to give tangible en
, couragement to such a worthy
cause.
Tuesday evening, program by
the Douglass Literary Society.
The address was delivered by Prof.
C. .E. Askew, president of Tar
River Institute, Washington, N.C.
He emphasized the importance of
maintaining a high moral standard,
and accumulating property. He
showed with telling tffect tbat no
race or individual could ever hope
for much so loi% as their earnings
were thrown to the wind.
Wednesday, the exercises of the
week closed with a very elaborate
program that was a credit to the
institution. Principal Chance
spoke of the object of the school
and what bad been accomplished
during the session. He appealed*
to the students to aspire to lofty
ideals, and at all times cultivate
such habjts as go to make real men
and women.
The Yeargin entertainment for
the benefit of the school was a great
success. '
i , m 1 , ■ -
, A Dreadful Wound
from a knife, gun, tin can, rusty 1
nail, fireworks, or of any otbgr na
ture, demands prompt treatment
with Bucklen's Arnica Salve to ]
prevent blood poison or gangrene.
It's the quickest, surest healer for
all stich wounds as also for Burn*, '
Boils, Sores, Skin Eruptions, Ecze- 1
ma, Chapped Hands, Corns or '
Piles. 25c. at all druggists. (
t , . t
Medical Society Meeting
1
t
The Martin County Medical So- (
ciety held its regular monthly
meeting with Drs. B. L. and Edgar'
M. Long at Hamilton June 2nd.
There were present: Drs. Long
and Long, J. E Smithwick, J. W. *
Williams, M. I. Fleming, J. S. !
Rhodes, H B. Wm. E. '
Warren, J. B. H. Xnigbtand J. H; 1
Saunders. Dr. H. I. Clark, of '
Scotland Neck, was present as an
invited guests.
This meeting was the Largest and '
one of the most instructive of any
the society has held, and is vkty k
much indebted to Drs. Long and 1
Long for preparing such a good *
dinner and interesting program for
its members. Several invited t
guests from Williamston and Scot- f
land Neck were present and every- c
bpdy enjoyed the occasion. The c
Society meets with Drs. Warren t
and Rhodes in July. a
— : 1
Subscribe to THE ENTERPRISE, I
' ■
WILLIAMSTON, N. C... FRIDAY, JUNE 10. 1910
.
HARDISON-PEELE
A Pretty Home Marriage Solemnized
Tuesday Morning
"the home of Mrs. Joseph Henry
PeelV on Haugbton Street, was the
scene V>f an early morning marriage
Tuesdfo- at 7:45 a'clock, when Mr.
Grover Washington Hartisoti and
Miss Annje May Belle Peele plight
ed their The hall aud par
lor of the rkidence had been ren
dered most by vases of
roses and swtV peas. Evergreens
decorated the \arlor door, horse
shoes of ivy the pretty
design. \
While the gueX* were waiting
Miss Carrie BiggV softly played
"O Promise Me." Wu the sweet,
familiar stains of Weudelsbon's
Wedding March-werA heard, and
the bride unattended,Vame dewu
the stairway, joining \he groom,
who awaited her they. They
stood within the Jtcorate\ doorway
while Elder Sylvester A Haesell,
uncle of the bride, gave tV vows
in beautiful and solemn woW
The bride was attractive ftwned
in ashes of ro.-es cloth with b\t aud
gloves tomatcft, and receivedWny
expressions of friendship and \pod
will from every one present. Vt
tended by a host of friends and U.
ativeg, Mr. and Mrs. HardisL
drove to the A C. L station wheV
,thev borded the cars for Washing
ton City and other poiuts of inter
est. ~\
The popularity of both biide an
groom, who are promineutly con
nected besides having a wide circl
of friends and acquaintances, wa
attested by the many haudsom
gifts received, which were on dhi
played for the pleasure- of th
guests.
On their return to Williamston
they will make their home with thi
bride's mother on Haughtot
Street. The 4 out of-town guest:
were: Mr. and Mrs. John L. Rod
gerson, of Everetts; Mr. and Mrs
W. P. McCraw, of Tarboro; Mrs
X. Keel aud children, of Rock 5
Mount; Mrs. Martha Hardison
mother of the groom, of Rock}
Mount, anJ Mrs. F. L. Minga, o
Petersburg.
Services at Hall
Rev. S. A. Crowell, of Washing
ton, will bold services at the Ma
sonic Hall next Sunday, mdruing
and night. Rev. Mr. Belk will
have evangelistic work in the
mountains during the summer and
Mr. Crowell has been appointed tc
conduct the services here. The
public is cordially invited to attend.
If you are not satisfied after
using according to directions two
thirds of-a bottle of Chamberlain's
Stomach and Liver Tablets, you
can have your money back The
tablets clen>*e and invigorate the
stomach, improve the digestion,
regulate the bowels. Give the a
trial and get well. Sold bv Saun
ders & Fowden and all dealers.
Mr. H. A. Biggs Host
Mr. Harry A. Biggs entertained
011 Wednesday evening in honor of
Miss Winifred Nicholson, of Wash
ington, who is a very popular visi
tor to Williamston. Those present
were Misses Winifred Nicholson, of
Washington, Miss Janie Wood, of
New . York City, Miss Mildred
Purvis, of Martin - County, Mrs
Asa T. Crawford, Mr. Harry M.
Stubbs, Wheeler Murtin, Jr., Mr.
Asa T. Crawford and Mr. Frank
F. Fagan. * ,
y
Mrs. Henry Schwenk write*: "I
had eczema on my face for over
four years. We tried about a hulf
dozen doctors, but never found any
cure. I have been taking Hollis
ter's Rocky Mountain Tea for
about three months and it has done
me more good than all the doctors
medicine."
Death ot Mc. G. Wynn
jj « (Reported)
Mr. Mc. G. Wynn was born on
P the 17th of January, 1843, aud died
e June Ist, 1910. In the time of the
e Civil war he saw the need of Chris
tianity and was baptized by a Mis
j sionary Baptist preacher and taken
into membership with the church
of Christ at Oak Grove in Pitt
Couuty. In 1866 he was. married
j to Miss Cbristeua Mobley, with
' whom he lived uutil his death.
For convenience Mr. Wvuii moved
his membership from Oak Grove to
Christian Chapel and was a faith
ful member to his death. He met
faithfully his part of every call of
the church. No one said ought
against Mr. Wynn, hut everybody
j said he was a good man. "A good
name is better to be desired than
gteat riches" said Solmon Mr.
Wynn be missed by his family,
frieuds and the church.
He died very suddenly at .his
home in Robersouville with para
lysis ' lie and his wife were on
j their way to his old home near
j Christiau Chapel Church when he
f was taken, she secured help and
j cat r ed him back to Robersonville,
where he died in about two hours.
His funeral was preached by Rev.
j S. W. Sumerell at his lafe resi
deuce iu the presence of many rtl 1-
A tives and frieuds. His remains
r 'were carried to the cemetery at Mr
penry Wvnn's and there pLced
yith his people.
a _ \Mr. Wynn was a loving and
fyhnil husband aud father and a
e tiV frieud. He leaves a wife,
»s seVn children, thirty-two graud
le chfyren, two sisttrs and a host of
s _ relieves and friends to mourn his
le tlt 'l , \' ure> W e should not sorrow
as tlise who have on hope. He
fougka good Hgtlt nnd haw
n, to revive his crown of life. We
>e shallneet again, how sweet the
n word
ts * " "
Linen Shower
s Sat relay afternoon, Mrs. Lovet
y B. Hjrisoti eutertaiued in honor of
, Miss Innie Peele, whose marriage
y to Mi I'.rover Hardison took place
Tuesajf morning at 8 o'clock.
Miß Essie Peele greeted the
guest at the hall door and ushered
theninto the parlor, where they
wertfeceived by the hostess assist*
ed bMrs. F. L. Minga, of Peters* 1
g burp Mrs W. P. McCraw, of '
II Tarlro aud Mis Louts C Harri
e sou. ]
I Aer the guests had assembled, ( .
() the ide-elect, blindfolded and es-
cortl by the hostess, came in and
pastfl beneath a parasol, which
wasmplied of its freight of bun-
r dlesti her bead. Then the pleas
ure f unwrapping began. Each
s guehad brought some useful and
j attr« ive article for her who wa's '
e soon> begin life anew.
e Oi attractive feature of the oc
cask -was the writing of a con
.. grat itory message to the bride. ''
IJ
. A ca was given to each and upon
this is to be written one word ap
propite for the message. These
werejllected and Cards with j>en :
j cils i ached were given, a list of ti
the uds taken and on the op 11
positside the message was formtd. d
TheMvere read by the hostess and B
the rditig provoked much laugh- st
j ter. , gi
. Sals, cheese balls, crackers, tv
j sandwiches and fruit m
punt were served by Mtsdames
Har pn and McCraw. r' - . er
Tie present were: Misses fi
' Salli Dunn, of Scotland Neck; hf
Lou Powell, erf Alexandria, Va ; w
Nan and Pcnnie Biggs,. Ire;ie, bi
[ Mar and Nannie Smith, Mary th
r Has I, Deborah Fleming
f Dai' Wynn, Katie Blount, in
1 Del! Lanier, Clyde Hassell, May ti;
- Ben t, Carrie Biggs, Lettie da
r Crit;r, Eva Wolfe, Louise Fow- Ci
t den attie Dowell, Hattie and An
-3 nie te Thrower and Mrs. Arthur F,
An son. Tl
Notice to Telephone Subscribers
Subs'cribers of the Williamston
Telephone Company will please
make the followiug chauges in
Telephone Directory of July Ist,
1909: Change Daniel & Staton
from 102 to 114-3 l A' ]■ B.
Hardison from 102 to 114-t
Simon E. Hardison from 102 to
114-4.
Discontinue the following: Ice
House; Adams & Ward; Ellingtou
Leggett; Ben Ward; Jno.
Pope. . ,
Add to Directory the following
uew subscribers: Bunch, E. P.,
T '
Residence No. 126; Dixie Tobacco
Warehouse No, 121; Gurganus,
George N , Residence No. 127;
Hoyt, F. W., Residence No 120;
Hopkins, J. W., Residence No.
114-3; Leggett, W. H., Market
No 52; Mobley, Sidney A , Stables
122; Residence No. 123; Peed,
Thos. A., Re-idence No. 87; I J ope,
Mrs. ISettie, Residence No. 88;
Peel, R. J., Residence No. 125;
Peel, Jas Sfr Office No. t;
Roanoke Warehouse,, Office 8y;
Simpson, I. Paul , Office No. 17;
Ward, J. Herbert, Market No. 44;
Waters, Jas. 8., Residence No. 124;
Williams, Dr. John W., Office No.
,0 3 3 /' i H. M. Burras, Residence
No. 128; S W. Manning, Store'
No. 1142; James A. Roberson,
Residence No. J. W.
Watts iS: Co., Stables No. 37; Gur
ganus, J. Henry, Residence 109 4;
Griffin, Wm. W., Residence 102 4;
"Hardison, Joseph A , Residence
114 2,' i"; Leggett, W. H. Residence
78; Sjubbs, Harry W,, Office 130;
Taylor, Eli, Residence,
Harrison, Louis C., Residence 73;
Simpson, J. Paul, Farm 107-5.
Carper, John L., Residence, 131;
Cook. John S., S'.ore, 132; Bymum
Wynn No. Cherry-, &
Clark, No. 103 1 x /a l A\ Baltimore
Tailoring House No. 31; Meeks
Mercantile Co , EverettSvtoll station
William H. Daniel No.
114 \%Yi\ Henry RobHrson No.
i' 4 'A'/ai; J. L. Peel aud J. R,
Griffin No. 114 5; Ed Daniel No.
|| 4 4/ / 2j O. C. Prices' Pressing
Club No. 58; T. S. Hadley No.
if 7
JAMESVILLK CENTRAL.
A C.L R.R. Depot No 8, Brown
Bros, store No 6, S. R. Biggs
Drug Co. No. 3, 15. S Edwards
residence No 13, W. H Ellison
store No. 5. I)r, U. S. llassell store
No 10, Lilley cSc Martin store No.
xi. Dr. J. E. Smithwick residence 1
No. 7, W. 11. Stwlliugs store No.
9, W. W. Waters, store No, 12,
Geo. S Williams office No. 8, Nor- ,
folk & Southern R. R. No. 12.
Respectfully,
Williamston Telephone Co.,
This April 14th, 1-910.
Mistress—Did you have company ,
last night, Mary? Mary —Only my j
Aunt Maria, 'mum Mistress —
When you see her again will you
tell her that she left her tobacco
pouch on the piano?—lll nitrated
Bits. t
Revival Meeting ij
The revival meeting at the Chris-1 ,
ran Church closed 011 Wednesday L
light These meetings we£sr"fon- i j
Rtv. H, C. Brown, of
Jelhaven. Mr. Brown was not a
trauger to our people, as he or
janized the church here about
wenty years ago and has since
aade us several visits.
The weather was good dtwing the 1 tl
ntire jueeting and the congrega-jo'
ions generally gcoL and weiC
ave seen no more' of the good ! M
/holesome brotherly feeling exhi-J B
ited by the churches of the town w
ban during this meeting. R
There were four conversions dur- fe
ag the meeting and the rites bap- a
ism was administered on Wed ties- fo
ay afternoon *tilhe Sweeten Water cc
!reek bridge. H
The pastor of the church, Mr. C. w
\ Outlaw and Mr. Bowen, left on fo
'hursday for Kinston. Pi
' 1/ '
$1.09 a Year in Advance
ROBERSONVILLE
- NEWS ITEMS
| '
Local Happenings and
People who are Coming;
and Going, Here, There
and Yonder as Gathered
by our Regular Corres
pondent.
Mrs Bessie Warren spent Sun
day in Bethel.
'
Julian Whitfield, ot Gold Point,
was jn town Monday.
D. C. Mooring spent several days
in Washington last week.
Mrs F. S. near Has
sell, was in town
R. T. Martin 16ft Tuesday morn
ing for Wake Forest Collect?,
Miss Leyta Tavlor,
Point, was in town Tuesday.
Miss Rosa Baker spent Monday
night with Miss Bettie Koberson.
Messrs. W. A. Roberson and J.
L. Croom returned from Wilson
Tuesday.
Mrs. W T. Riddick, of William-
Eton, is spending some time here
with her mother, Mrs. I). F. Rob
erson.
Miss Annie Mooring entertained
a number of friends Tuesday even
ing in honor of Miss Mattie Burn-'
ett, of Hobgood.
Miss Clarine Skull, who has been
spending some time here with her
cousin, Mrs. Jesse Ward, returned
to her home at Harrisville Monday.
Miss Gertrude Walters left Tues
day morning for her home iu Po
! comoke City, Md. While here sh&
has gained many friends whS' wish
for her return next season.
While suffering with neuralgia
Sunday afternoon, Mrs. D. F_
Roberson, thinking she was taking
morphine, took strychnine. It was
at one time thought that she would
be compelled to leave her many
friends and loved one*, but by the
skill and faithful service of Drs.
Nelson and Ward she was at last
relieved from poison of
I which she had taken through mis
take.
On Wednesday morning the town '
community was very much shock-;
ed when the news of death of
Mr. Mc G. Wynn was reported.
He was about seventy years of age
and has been for many years a
member of the Christain Church,
and his daily walk showed to those
who knew him that he was trying
to live just for what he stood. He
leaves a wife and six children to
miss the face and loving smiles of a
faithful husband and father.
Kent the King; at Home
"For the past year we have kept
the King of all laxatives --Dr.
King's New Life Pills- -in our
liome am! they have proved a bless
ing to all our family," writes Panl
Mathulka, of Buffalo, N. Y. Easy
>ut sure remedy for all Stomach,
Liver and Kidney troubles.
!,S at all dealers.
A Runaway Marriage
A iuarriaj»? was solemnized io- \
he parlors/of 'Hotel TulL at three
''clock Tuesday afternoon, when
:harlie M. Hurst, of Oak City,
-I art in county, and Miss
Jeverly, of Bethel, Pitt' county,
i'ere united in wedlock by Rev. T.
t. Rouutree iu the presence of a
ew friends. It is understood to be
runaway match, but the reason
or this was not learned. The
ouple will remain as guests of
lotel Tull until in the mornipg,
/hen they will take their departure
ar Martin county.—Kinston Free
reßS *