North Carolina Newspapers

1 if F; f: . $. a Veer, In Advance. FOR COD, FOR COUNTRY AND FOR TRUTH." Sinc9 Copy 5 Cc VOI,. XVIIL PLYMOUTH, N; C FRIDAY, NOVEMBER 8, 1907. NO. 2i i? Hi 1 1 J pj h 1h K K I' 1 . i 8M 1 1 'i iJ I I It $ TAR HEEL TOVICS , i'S 1 Items Gathered from AH Sections of the State W Crazy Man Suicides. Greensboro, Special.-: Tuesday .af ternoon about 2:30 o'clock one of the prisoners in ' the county jail here was horrified upon passing the cell of a fellow prisoner to see him swinging by tho neck from the top of his cell. The horror-stricken man gave a lnsty yell which soon brought the jailor to the scene. He round upon investigation that the man who was swinging frond the cell was John Monett, a demented white man, who had been placed in the jail a few daya ago for safe-keeping until he could be taken to the asylum. He was ,liurriedly taken down and efforts made to resuscitate him, but it was useless. The physician who was summoned stated that ho had been dead at least half an hour when discovered. The means .used by Monett in taking him self from this world were provided by the use of his suspenders, which he fastened to the bunk near the top of the cell. Ho did not have room lo swing clear and so determined was he to depart from this world that he ac tually drew his feet up under him in order that he might strangle. Monett was brought here from his home near Julian on last Friday night. "It is said 'that he was at times wild and disposed to be violent, but he did not give the officers who. went after him any trouble. Since being put in jail lie had been heard to mutter that they ."'.were ; not "going- to hang Old Johnnie yet. He was about GO years of age, and is survived by a wife and two. daughters. The body was taken to the, undertaking establishment oC ' E. Poole. and prepared for burial. It "will be taken to Julian for inter ment. . . ' ' Awl ul . Crime in Thomalville. High Point, Special. One of the most diabolical erimes in the history of the State was perpetrated at iTbomasviile, the particulars, qf which have just" boon learned here by the bringing of the little, girl here -on' the afternoon train.' The facts in the case .ftjjje about as follows : The 4- ' .;?!.. i.iri ,.r. -sr.. ,i -r i n Fields, of this place, -was visiting the family of Mr. and Mrs. II. . Shoaf, relatives of the Fields, at Thomas ville, and while under the influence of morphine and whiskey, they un mercifully beat the little girl and when found she was almost dead. She was found wrapped up in a tow-sack with the left arm broken, the skull crushed in and bleeding at the nose and mouth. Her right leg and, left foot were badly bruised also, besides other bruises on the body. When the dastarlly crime was learned in Thorn asvill, a correspondent learns that there were serious threats of a lynching, but it was averted. Both parties were arrested and plac ed under bonds in the sum of $500 each. The little girl was brought to her home here, and great crowds gathered., jiround to look and listen to the : awful story, and there are many muttering of what should have been done to such people as the fiends who would so unmercifully treat a child. Brakeman Leonard Released on Bail.. Greensboro, Special. Wednesday morning the mother of H. C. Leonard, the brakeman who was arrested for having caused the wreck at Rudd by negligence and placed upder a $1,000 bond for his appearance, arrived in the city and signed the bond for her son's appearance at the next term of Superior Court. Then they returned to their home at Lexington. Convention cf Anglers. New York, Special. With the ob ject of uniting more effectively for the preservation of the game fishes of America, a call has been issued for a convention of the anglers of the United States and Canada, to be held at the American Museum of Natural History in Now York, beginning No vember 11. Drunken Man Chot. Wadesboro, Special.' Friday night about 10 o'clock John Tucker, a white man living near here, was shot near the heart and the wound may prove fatal. Tuckcr was drunk when he came up town and made the an- I riouneement. His first story was that he received-the ball at the street tsir doing business here now, but later he declared that. he Avas near the dp- i pot when shot. lie does not' know V. . . .. . . , . , i rr. J S I1Ct t0l(1 W" 1 ent immediately to Dr. Bennett's Cilice, and after examination the doc " tor advised him to go to a .hospital Two Postoffice Clerks Removed. Charlotte, Special. Messrs. W. E. Junker and N. M. Jones, night clerks at the postoffice, were summarily sus pended .Tuesday afternoon by Post office Inspector Barclay. This follow ed the preliminary hearing of Mr. John B. Benton, who was bound over by United States Commissioner Cobb on the charge of trifling with the United States mail. The case of Jun ker and Jones is in the hands of United States District Attorney Ilolt on, of Winston-Salem. No warrants have as yet been issued for them and it is not known what other steps will be taken. It was stated that the articles he is was stated that the articles he is charged with having taken will not exceed $2.50. They consist of a can of coffee, a dollar watch, a razor and a few other insignificant things. His bond was fixed at $250 and his trial will probably be held at the December term of Federal Court. The penalty for such an offense is said to be a fine fnd imprisonment for not less than t liroe months. Jones and Junker were suspended upon statements made previously by Benton. Their homes, were searched and a number of small articles found, all of which were alleged to have been taken from the- mails. The list consisted prin cipally of magazines. The defend ants are all young men and none of thern4,iSrwlKen employes of the local postoffice for any great length of time. Benton ivas chief night clerk. Wednesday afternoon it was learn ed that District Attorney Holton, of Vrinston-Salcm, had lelegraphed to Charlotte, instructing the .deputy mar shall here to proceed with the serv ing of the warrants in the case of Jones and Junker. The South is Strong. Wilmington, Special. Fifty lead ing merchant?, manufacturers, and business men of this city telegraphed Gov. Glenn of North "Carolina, now in Atlanta, Ga., for the purpose of considering with the governors of two other States railroad litigation in the South, the following message which he has been requested to read at the meeting: "Southern crops are plentiful ad Southern commer cial and industrial conditions never intrinsically sounder. Agitation has ruthlessly depressed values, causing congestion and inability to move crops with expedition. Restoration of confidence essential for the South to relize full values for its great products. We believe it is in tire power of the conference to restore confidence in a great measure, by an equitable adjustment of the rate con troversy. The South can save the situation by wise action at this junc ture. You ' are appealed to as pa triots and statesmen who have deeply at heart the well being of the whole people." Mistrial in Damage Suit. Statesville. Special. The damage suit case of Mrs. Lula Canup vs. the Southern Railway Company, in the Federal Court, resulted in a mistrial. The case was given to the jury at 11 o'clock Tuesday morning with three isnues as follows: First, was the railroad guilty of negligence; second, was the man guilty of negligence; third, what damage, if any? The jury disagreed on the first issue, and after being out nearly seven hours they reported their disagreement and a mistrial was ordered. Mr. Canup was killed by a train about a j-car ago at a crossing west of Salisbury. Municipal Loague Convention. Philadelphia, Pa., Special A high ly atlretive programme has been out lincjl by Secretary Clinton Rogers Woodruff, of this city, for the com ing joint convention of the National Municipal League and American Civ ic Association, which will be held in Providence, beginning November 10. Secretary Charles J. Bonaparte ra president of the convention Work on S. & W. Suspended. Charlotte, Special. It will bo a matter ot some interest to people in this section to know that the presi dent of the South and Western Rail road, Mr. George L. Crater, has is sued an order that all heavy work on this road be suspended until forth er notice. The road which is being built from the coal fields of West Virginia, to the Carolina Seaboard, has attract ed wide attention in the South. The tightness in the money market is as signed as the reason fur this order emanating from the president of the road. , ... . A SOLUT ION OFFERED A PSan For a System of Credit Currency OutSined A SCHEME TO OBVIATE PANICS Permanent Relief From the Monetary Stringency, Declares the Chairman of the Banking and Currency Com mittee of the House, Can Be Ob tained Only by That Enactment Ho Points Out the Cause cf the Present Stringency and Outlines the Real Situation. New York, Special. That perma nent relief from the present mone tary stringency can only be had through a system of credit currency adequate to meet the requirements of trade and redeemable in gold coin, was the opinion expressed by Repre sentative Charles N. Fowler, of New Jersey, chairman of the banking and currency committee of the House, which will at the coming session of Congress, endeavor to have , a law passed providing for credit currency issued by the national banks. Until such permanent relief is made pos sible by legislative enactment, Mr. Fowler asserted, the situation must be met by the issuance of clearing house certificates, cashiers' checks and due bills of business houses "and manufacturers. "The underlying business condi tions," ho said to the Associated Press.'" 'are essentially .sound as evi denced by the increased earnings of the railroads and the fact that the value of our agricultural products this year are $500,000,000 more than last year (which was the highest year in our history), and are bringing to our people about $7,000,000,000. But public confidence has been greatly shaken and credit seriously affected; therefore, every patriotic citizen from the President down, should do all in his power to restore that confidence which is essential to national pros perity. Cause, of Stringency; "The cause of the currency strin gency is that there is scattered broad cast throughout the country, at the mines, in the wheat, corn and cotton fields, in the pockets of the 'people or locked up about $1,300,000,000 of the reserve money of the United States most of which under a proper condi tion would be in the banks, serving as reserve. Temporary relief will be through the forced use of current credit in the form of clearing house certificates, cashiers' checks and due bills of business and manufacturer during the next 90 days. The perma nent cure must come through a sys tem of credit currency expanding and contracting with the ordinary de mands of the smaller trade, precisely as checks and drafts do in the broad er field of commerce. "We have now proceeded far en ough into the present financial crisis to get a pretty clear perspective of the real situation. The Real Situation. "First the condition is now gen eral, reaching every nook and corner of the country. "Second If the gold certificates, the United States notes and silver certificates, or the reserve money which the banks of the country have sent into the wheat fields of the West and Northwest, into the cornfields of the West and Southwest, into the cot ton fields of the South and into the country districts of all sections to settle up the year's business, I say if these reserves now scattered broad cast overland were in the banks where they properly belong there would have been no money panic this fall. "The proof of this assertion is con clusive. During the past four raonl!i3 there has . been sent from the banks into the eountry districts approxi mately $300,000,000 of currency. Of this amount $250,000,000 approxi mately now in the banks, would serve as a'bais of more than $1,250, 000,000 credits or loans, and the pres ent crisis would have been averted. This result could have been acom plished without increasing the liabili ties of the banks of the country to the extent of ot;e single cent. Lays Down Challenge. "I challenge sny man to contro vert ' this statement and sub:nit the following as absolutely conclusive proof the assertion.. If the hanks of Cue count jy ia which $250,000,000 had been authoratized ns the;; should have been, to create bank note credit.; us well as "bank book credits, and they had proceeded, to convert this $250,000,000 of bank book credits in to bank note credits the banks would not have been affected in any degree or in any way whatever, and the whole country would have been amp ly supplied with currency with which to transact all the fall business." "How could this have been done? Simply by authoizing each bank to issue cashiers' checks to bearer, which is a cufren credit, that is, a credit that passes by mere delivery, requiring no endorsement. By this process credits would have been converted into bank note credits and as the reserves re quired for both forms of eerdits, should be the same, there could have been no change whatever in the situa tion. The bank debt is the same, the amount of the reserve is the same. It has been only a matter of book-keeping. An issue of current credit ade quate to meet the requirements of trade and currently redeemed in gold coin is a principle followed by every civilized country ia the world except our own. World's Banking Power. "Mark this: The banking power if the Unitod States in ' 1S00 was ibout $5,000,000,000 and now ex Jeeds $16,000,000,000 or equal to. the entire banking power of the rorld in 1S90, which Mulhall placed it $15,985,000,000. Today the bank ing power of the entire world, out side of the United States is only $21,-. 952.000,000, and of this amount 20 per cent, or more than $4,000,000,000 !s in cashiers' cheeks or current ercdits. That is, credit currency md yet while the United States has three-sevenths of the banking power Df the entire world, it has not one single dollar of current bank credit, although the other four-sevenths of the world's banking power has the advantage of $4,000,000,000 current iredits or credit currency. "On the same basis we are en titled to have $3,000,000,000 of' cur rent credit or credit currency. "If this principle were broadly adopted in this country as it should be, our bank reserves might be ih sreased by an average of 9.92 per sent, to about 20 per cent, and our banking liabilities remain practical ly the same. The Cashier's Check. "Can any one give a single reason why we should use a check book for credits to order and not use a cur rent credit of the same bank upon which to draw our checks Is not the cashier's check just as good as our cheek upon the same bank, in deed far better when protected as it should be by a guarantee fund de posited with the United States gov ernment, many more times ample to insure its redemption in gold coin. "If the banking institutions of the country could exchange $1,000,000,- 000 of cashiers' checks for $1,000, 000,000 of reserve money now float ing around in the mines, wheat, corn and cotton fields and this $1,000,000,- j 000 were added to the $1,000,000,000 in the banks on July 1st, 1907, our banks liabilities would be increased only about S per cent, while our re serve would be increased 100 per cent.; it would.be 20 par cent, and this end alone is sufficient to justify the adoption of the principle of cur rent credits in this country." A Receiver For the Exposition. Norfolk, Va., Special. A receiver ship for the Jamestown Exposition is asked for in a chacery suit brought by the National Meter Company of New York against the exposition com pany. A decree for reference to a master has been entered. The opin ion is expressed that his report will call for a receiver's appointment. May Meet in South. Toledo, O., Special. That the next national encampment of the Grand Army of the Republic, to bo held here next summer, may decide to meet in Atlanta, Ga., in 1909, is the startling possibility suggested by local members of the order. A move ment having this object in view has already been launched, and has re ceived the support of many promi nent nnn. - ' . " To Back Stamp Letters. New York, Special. The plan of back stamping the date of receipt of all letters and first cly?s mail, dis continued for a time, in the New York postoffice, will be resumed. It was thought that elimination of the back stamp would result in decreasing the time necessary in handling ayd do- 1 Hvering mail, but many complaints f were made by patrons and the post office department decided to rcsurac DEEPLY MERE SiEO Conference at While House on Financial Situation SAFE POLICIES TALKED OVER Steel Trust Magnates and Secretary Root Closeted With the President and All Decline to Make State ments at Its Close. . Washington, Special Preside. Roosevelt conferred for nearly two hours with Secretary Iloot, E. 11. Gary, chairman of the board of di rectors of the United States Steel Corporation, and Henry C. Friek, also of that corporation. The only state ment obtainable at the White House was to the effect that the conference dealt solely with the financial situa tion. It was said that the President contemplates making no direct state ment at this time. From an authorative source, how ever, it was learned that the Presi dent is consulting with the individual members of his Cabinet, who have had special experience in large finan cial, questions respecting the legisla tion to be recommended to Congress at its approaching session relating to currency reform. Of course, the Sec retary of the Treasury has taken the leading part in these conferences, but it is also .true that the President is not. declining advice from any other promising quarter, and- he has spent many hours recently in discussing tins important subject, tuese confer ences taking place at night as well as in the day time, and in fact at any opportune moment. Some Snags Ahead. The discussion so far has served, to bring about the conviction that it will be -difficult to get any beneficial leg islation of this character through Congress quickly. This was one of the reasons why the President; did not agree with the great interests which recently appealed to him to call an extra session of Congress immediately to deal with the finances of the coun try. Notwithstanding the present great stress to which the existing na tional bank system as well as the correlative trust companies are being subjected by the currency stringency, it is feared that some time must elapse before the divers views enter- tamed by many persons bankers, merchants, law givers, and college professors can be fused into one practicable and effective measure reliet. It may he stated that such study as the President and his constitutional advisers have been able to give to the multitude of projected currency bills has left them under the conviction that after all noun of thern is more promising, or stands a better oppor tunity of securing' the. approval of Congress, than the particular meas ure referred to by the Presidentt in his last message to Congress in deal ing with this subject. This was the plan commonly ascribed to Secret ry Shaw, which the President stated had in its essential features, been approv ed by many prominent bankers and businessmen. The President's de scription of the measure .was brief, but comprehensive, for he said : "According to this plan, national banks should be permitted to issue a specified proportion of their capita! in notes of a given kind, the issue to be taxed at so high a rate rs to drive the. notes back when not wanted in legitimate trade. This plan would not permit the issue of currency lo give banks additional profits, but to meet the emergency presented by times of stringency." It h possible that in tlie four weeks intervening before assembling of the Sixtiefli Congress, the. President may conclude to adopt some 'other plan, or to amplify and work out the de tail's of this means of obtaining an elastic currency, but if he remains of his present turn of mind it is believed that he will feel obliged to recur to the original and simple Shaw plan. Scottish Rite Union. St. Joseph. Mo., Special. Wi!h msny distinguished members of the order here, the fail reunion of the Ancient and Accepted Scottish Rite of Free Masonry convened in the new St. .T.--.;,'i cathedral. All degrees from the fourth to the thirty-second i ;;-.! ve. wi'l b.? conferred, atid largv classes will be instructed in the work. The nss??iibl. will -lose Wedn.vsiiav, when candidates will' be instructed V GOVERNORS CON North Carolina, Georgia Alabama Executives M RAILROADS ASSURED JU 2 After Sesssion Lasting All Day ernors Reach Agreement A Railroad Rate Law Method: Procedure . in Enforcing Agreed Upon. Atlanta, Ga., Special. Tin! eo-operation m methods to be duJ in the enforcement of laws red ing railroad passenger fares in I btates of Georjri-i. Alabama North Carolina was agreed upon day at a conference held in this between the Governors of t States. After a discussion whicl gan at 9:30 Friday morninsr. which lasted until late in the a noon, with but a brief interval luncheon the three Chief KxeenJ reached an agreeirent and the iri ing was adjourned. In statement given to the Al ciated Press signed by the three ernors, it is said that not-onlv they arranged to "co-ooperate inj investigation of facts and law'. neeted with the duty of our St to the rmblic as to transnortn companief," but that they would so co-operate with 'other States wlj have thp enmn nrnMom., -j V- I . "We regard the complete recr tion of the" right of the. States" A ulale the intrastate .cbusinesli trasportation companies as absoll ly necessary," the statement c tmues. - - t , . Friday's Vionference.'' whiAli - held at the suggestion of fiovevl Comer, of Alabama, was participal m Dy uovernors R. B. Glenn, North Carolina; B. B. Comer' Alabama, and Hoke Smith, of ' Gel pa; w. D. Ncsbit, member of railroad commission of Alaban Judge L. D. Wearklev and Col TT Selheimer, ' special counsel for' Ai nama. in the pendinc rate.lif in that State; Attorney General Jol u nart, and Special Counsel J. IIin.es and Ilooper Alexander,.. Georgia. The declared object of the' ro.ee ti was to reach an agreement if pJ sible in methods to be. rnrsnpf? in A forcing the rate laws of the States ii terested and also rWiflo rm c ' that would apply to the railroads 1 those Slates, the rates at present I ing widely divergent. Just what concrete plan was deeif ed upon the Governors refused f state, nor would thev rive nf ,1 of the details of the conference, h$ yond the statement that it was mo satisfactory. ' " . r The signed statement of the. chi' executives is ns follows: . . "Our conference has been most sa ' isfactory. We discussed condi tiorl in our respective States and wc av ranged to co-operate in 'the invest I gation of facts and 1 with duty of our States to the Comr panics. We will also co-operate Witi other States which have the ftamf problems. We regard the . complet recognition of the right of the Slate1 to regulate the intrra-state businesi of transportation companies as absov lately necessary. t "No injury has been dose to an-' ui (MM aiiuii in timer, or our Male by the exew.ise of the power of regl ulation. Increased business as a con-l sequence of reduced rates required by our State authorities has in ev-l cry caw? where fairly tried rcompeu-i sated the corporations. ' "We deplore the fact that the '"'rail road corporations hare in some in- stances been damaged by . the effects I of their officers to disregard the nc-l tion of our States. This has hap-i pened in every case where they have made allegations in tl. if sen pational claims of i).ir -' 'uy t the facts, " "When the railroad companica cease their false cry of confiscation and submit to the duly constituted authorities, upon which alone; rests the right to determine questions of public policy, the railroad companies may expect a rapid return of ' public confidence nd a' restoration of nor mal credits. The authorities of our States are at all times ready to hear from the railroad companies fully end to accord to tbeva :t.rc'atuioatr.:t alone jns-t, but liberal. - " "The details of .our conference we do not JP'i-di; it tlesirsblA t nahe, nu!d: v?." V coMi:i;..'i vernoj: -rt cf::