Newspapers / Gastonia Daily Gazette (Gastonia, … / Sept. 8, 1908, edition 1 / Page 1
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THE O ASTON A " _ PUBLISHED lTWICE A WEEK—TUESDAYS AND FBI DAYS. KINttLF COPY 5 CENTS. ' Devoted to the Protection of Home and the Interests of the County. VOlT XXIX. ~ GASTONIA, N. C., TUESDAY. SEPT. 8 1908. — m— ^^I | --—. ■—l PROFESSIONAL CARDS * ______ GARLAND, JONES S TIMBER LAKE. Attorneys and Counselors ✓ Over Torrence- Mon is Company. v • Gastonia, N. C. S. B. SPARROW ATTORNEY-AT-LAW DALLAS, N. C. Office upstairs over Bark of Dallas JOHN G. CARPENTER s. ATTORNEY-AT-L^W DALLAS, N. C/, V'" Office over Bank of Dallas. --/ Mrs. John Hall TmCHER OF PIANO AND ORGAN^Pupil of Dr. Haas, Director of jjffisic, Holland In stitute, ^ Va. Lqjchetizky method - of technique ta^ht. Tqp years ex perience. Dplly lessons to begin ners. Durit'gvacation is a good time to begin. ___ ’ ~~MISS KATHLEEN CRAWFORD GRADUATE NURSE Of Magdalene Hospital, Chester, S. £., has located in Gastonia for the practice of her profession. She can be found at Dr. McG. Anders' resi dence or calls for h£r may be left at Torrence’s Drug Store. * Bargains in Picture moulding and Frames — • ^000 feet best quality picture moulding must be sold quick to make room for large fall shipment. Now is your chance for a handsome frame at small cost., J. I. Green . Photographer - Residence 309 OAlt PETS AND RBgS CLEANED AND MADE AS GOOD AS NEW. I take out all Grease Spots, etc. Charges Reasonable. GEORGE UL GLENN. NOTICE. By order of the County Board of Elections for Gaston county a new voting precinct is created in Gas tonia Township the boundaries of which are as follows: Beginning at a point where' the C. & N.-W. Rail way crosses Catawba Creek; running ' thence with the C. &. N.-W. Railwar #; South to Pleasant Ridge depot; thence with the road leading from Pleasant Ridge east to the old^Caleb Huffstetler from the old Huffstetler residence a ^_^irectnine east to the South Point ■^^townshlp line; thence with South Point township line north to Cataw hn croek; thence with Catawba creek to the beginning. The name of this new precinct Is Robinson's precinct and the polling place Is located in Dickson Bros, store near John C. Robinsons’. •*_ By order of the County Board of Elections for Oaston county the vot ing precinct heretofore known as “Canaler’s Precinct” is divided hy running a straight line from the ' point on Dutchmans Creek known as the "Old Pish Trap” to the point where the Armstrong branch enters the Catawba river, Just above the —r" bend In the river, and two voting precincts created in the territory pre viously ihcluded in Canslers precinct. The territory previously In Can sler’s precinct and north of the dividing line running from Dutchmans creek to Catawba riv er Is created a voting precinct to be known as "Lucia Precinct” and the polling place for Baid percinct Ib located In the Lucia school house at Lucia. The territory previously in Can tiers precinct and South of the di viding line running from Dutchmans creek to Catawba river is created a ' voting precinct to be known as . "Mountain Island Precinct” and the - polling place for said precinct is lo cated at Mountain Island in the store of the Mountain Island Mills. . By order of- the County Board of tlons for Gaston county the boun r lin.e of the McAdenvllle precinct xtended to include all territory , radius of three-fourths of a om the tower of the weave ildlng in McAdenvllle instead Bit mile as heretofore. |ty order of the County Board for Gaston county in rday, August 29th, 1908. I, ROBINSON, Chairman. . BOYCE, Secretary. S 22 c 4 w. THE GUARANTY OF BANK DEPOSITS. How the Democratic Party Pnoposes to Protect Depositors in Both, National and State Banks from the Evils of BecklessBankin# Bankers Defnand Security for Loans; Why Not SeCuridN^r Those Who Loan to Banks? \ •-» ff BY WILLIS J. AB^OT. Democratic National Headquarters, Chicago, September 2. Secretary Taft abandoned the pleasant practice of golf at Hot Springs the other day long enough to make a speech attacking the system proposed by the Democratic party and warmly urged by Mr. Bryan for the protection of depositors in banks whether State or National. This system briefly expounded means merely that all banks In a certain specified territory should be taxed a fraction of one per cent up on their total deposits in order that if any one should /ail the fund thus created should be available for the immediate payment of all depositors The plank in the Democratic plat form covering this matter so vital to every thrifty and saving citizen is as follows: BANKING. "The panic of 1907, coming with out any legitimate excuse when the Republican party had for a decade been in complete control of the fed eral government, furnishes addi tional proof that it is either unwilll ing or incompetent to protect the in terests of the general public. It has so linked the country to Wall Street that the sins of the specula tors are'visited upon the whole peo ple. While refusing to rescue the wealth producers from spoliation at the hands of the stock gamblers, and speculators in farm products, it has deposited treasury funds, without in terest and without competition, in favorite banks. It has used 'an e mergency for which it is largely re sponsible to force through Congress a bill changing the basis of bank currency and inviting market manip ulation and has failed to give to the fifteen million depositors of the country protection in their sayings. “We believe that insofar as the needs of commerce require an emer gency currency, such currency should be issued and controlled by the fed eral government and loaned on ad equate security to national and state banks. We pledge ourselves to leg islation under which national banks shall be required to establish a guarantee fund for the prompt pay ment of the depositors of any insolv ent bank, under an equitable system which shall be available to all state banking Institutions wishing to use it. r /“We favor a postal savings bank if the guaranteed bank can not be se cured and believe that it should be so constituted as to keep the depos ited money in the communities where the depositors- live. But we con demn the policy of the Republican party in proposing postal savings banks under a plan of conduct by which they will aggregate the de posits of the rural communities and re-deposit the same while under gov ernment charge in the banks of Wall Street, thus depleting the circulating medium' of the producing regions, and unjustly favoring the specula tive market." When a depositor takes fifty or a hundred dollars and puts it into a bank he lends it to the bank. The bank uses it for purpose of profit. When the bank lends money to a farmer for the purpose of carrying his crops, or to the shop-keeper in order that he may be able to replen ish his Btock, or /to the home-build ing mechanic so that he may erect for himself a house, the bank exacts security. It must have either a mortgage or a warehouse receipt or a r.econd name on the back of the note. But when you go into a bank to make a deposit, you get no secur ity except the reputation of the bank itself, you get no second name on the back of your deposit slip. Why should not the bank give security to its depositors? It is all very well to say that the conservatism and careful management of banks gives assurance that they will pay their depositors’ funds in such a way as to keep them intact. But it is not more than eight or nine months since practically four-fifths of the banks ■)r the United States were refusing to -.ay'their depositors money on de mand/ They gave clearing house certificates, which at that time were as absolutely illegal as payment in garden truck would have been. And it is a matter of history, despite the protests of some of the so-called big bankers, that the big banks were first to resort to this device. As they had all the reserve funds of the smaller banks in their vaults, the latter were compellled to follow their example. And yet it is the big bank ers of the great commercial centers who have the iron-clad nerve to de clare that a system by which ( all bank deposits are guaranteed will benefit what they call the weak banks at the expense of the strong ones. A CHICAGO MERCHANT’S VIEW. Alexander H. Revell, the head of one of the largest commercial insti tutions in Chicago, a life-long Re publican, a man who has been more than once chairman of Republican campaign committees, id avowedly and even enthusiastically in favor of the plan for the guarantee of bank deposits. I do not wish to mis-state in the slightest degree Mr. Revell's position. While he applauds and upholds this plank in the Democratic platform, he remains still a Repub lican. Indeed in conversation the other day he showed me that he had been urging this same reform with some slight technical difference for some years past. Nevertheless the fact that it appeals to a man of his type, one of the ten or twelve biggest business men in Chicago, is a fair in dication of how it must be impress ing the business community as a whole. Mr. Revell holds, as the Democratic platform holds, that it should be applied to national as well as to state banks. "One thing about It,” said he, “which has not yet been widely brought out is the fact that bankers both Id small towns and in great towns watch each other with the eyes of a hawk. If one banker finds that a rival has lent a hundred thousand dollars on wildcat security and knows that if a loss should follow and the lending bank go to the wall It would cost him three or four thou sand dollars as their share of the guaranty fund, you will find that bank getting busy and Investigations ordered at once. Moreover,” said he, “even without the law there have been recent illustrations of bankers co-operating, clumsily sometimes, of'course, to avert a panic by paying oft all depositors of wrecked banks. The most startling illustration was that of the Sovereign Bank of Cana da, which went to the wall at the time of the recent bank panic of New York and other American cities. That panic had not spread to Can ada, but the other banks simply as sumed charge of the wrecked insti tution and paid off the depositors as rapidly as demand was made. The same thing occurred in Chicago when the banks controlled by John R. Walsh were bankrupted. If there had been a law guaranteeing bank deposits there would have been no runs on the banks, no distress caused to depositors and ail would have been paid promptly. Even as it was for the pul-pose of averting a panic and a run on their own banks, the other great bankers of Chicago step ped in, assumed responsibility for all liabilities of the banks and ultimate ly paid off all depositors. Some of the men who thus voluntarily came to the rescue of the Walsh creditors are those now attacking the proposi tion for a legal and official guaranty of bank deposits. Had such a law been in existence the Walsh banks might not have goi^t. to the wall, but nt nnv ratp hnH thpv finnp RO the smash would not have created a rip pie in the financial waters of Chica go. I have made a study of the loss es resulting from the failures of na tional banks in the United States since the adoption of the national banking law. In all that time there have been four hundred and seventy five failures, or about five per cent, of the total number of banks. The total loss to depositors could have beep covered by a tax of one-tenth of one per cent, on deposits. A tax which would have put in the custody of the Secretary of the Treasury a fund of forty million dollars would have covered all these losses and left a substantial fund for future use.” • • • THE ISSUE JOINED. And for once in this instance there can be no evasion of party respon sibility, no confusion as to which party stands squarely upon this is sue. The Republican convention declared in favor of postal savings banks, the Democratic convention pronounced in favor of postal say ings banks only in the event that the plan for the guaranty of deposits could not be put into effect. Mr. Taft has denounced the Democratic plan. . It is not material that the State of Kansas, through its Repub lican convention has declared in fa vor of it; that means only that Kan sas Republicans have repudiated their national platform and their na tional nominee. It will not relieve (Continued on page 4.) » REV. WALTER HUUH5UN DEAD’ Fortner Arclideuccn of Westein urlll Carolina Diocese Passes A \v«y at Morganton in the Hospital of Which He Was the Founder. Charlotte Observer. Morganton, Sept. 4.—Rev. Walter ‘Tfnoli'inPi frrm-r archdeacon of the Missionary DiocfeSe-ot Asheville, and a prominent clergyman of the -epis copal Church, died at 10 o’clock this morning in Grace Hospital here, aged 53. The deceased is survived by a widow and three children1. They are Misses Marjorie and Dorothy and Mr. Walter Hughson, Jr. The fun eral will take place to-morrow after noon at 3 o’clock in the Episcopal church here and the remains will be laid to rest in-the beautiful grounds of Grace Hospital. Rev. Walter Hughson came to North Carolina from the West some years ago, taking charge of Grace Episcopal church at Morganton. He did a great work ‘there, among other notable deeds founding Grace Hos pital, one of the best managed insti luuuua Ui HO nniu •»* which stands as a monument to his memory. He has retained oversight over the hospital, continuing in prac tical charge Qf it until his death, though for the past year he has been engaged in missionary work in west trn North Carolina, with Waynes ville, where he made his home, as headquarters. He was a consecra ted, devout minister and possessed marked talent for missionary work in which he has accomplished great good. PANIC TIDE HAS TURNED. -So Suys President Vail Cleave, of National Association of Manufac turers—An Interesting Letter. Charlotte Observer. President Van Cleave, of the Na tional Association of Manufacturers, has Issued a circular letter to the three thousand members of that as sociation stating that the adverse tide has turned and that business con ditlonB are now improving all along the line. The letter follows: "Dear Sir: The business outlook is a matter of vital importance; the future looks bright, and we invite year attention tc a few lines rora President Van Cleaves article in A? merican Industries, of August 15th. " ‘The general aggregate of the crops promises to be greater than ever before. Money is plentiful and low. A country so well endowed as .the United States, with the things which the world must buy trom us, cannot be held down long by any sort of adversity. " ‘On all sides we see evidences that the tide has turned. A steady improvement from this time onward may be looked for with confidence. In New York, Chicago, Pittsburg, St. Louis: Boston, and other industrial centres, mills are re-opening their doors. The stocks of goods in the hands of manufacturers and whole salers have been reduced to low fig ures, and the resumption of pur chases, which' is under way in all the great lines of trade, is beginning to send In orders to the Factories with" a little of their old-time volume.’ "Yours very truly, GEORGE S. BOUDINOT, Secretary.” ■> FREE DANDRUFF CURE. Money DUCK r rum a. JI. jvcumruy tv Company If Parisian Sage Does Not Cure in Two Weeks. Can you ask for anything fairer than that? That’s what one would call the square deal In earnest. But we, the Giroux Mfg. Co., of Buffalo, N. Y., American makers of Parisian Sage, aren’t afraid to make this of fer, because we know that Parisian Sage will make good every time. And we’ll go still further. We'll guarantee Parisian Sage to stop fall ing hair or itching of the scalp, or money back. It removes all odors from excre tions of the scalp which are most no ticeable in summer time, and keeps the scalp cool, clean and white. It will make ladies' hair beautiful fluffy and luxuriant. It is the most invigorating hair dressing known to . mankind. "After using one bottle of Paris ian Sage, I now have a better growth of hair, and I found your hair re storer pleasant to use. After the first application the dandruff disap peared, and my hair stopped falling out. I now recommend Parisian Sage to all my lady friends.”—Lot tie Real, 111 Mt. Hope Ave., Roches ter, N. Y. Parisian Sage costs 50 cents a large bottle at J. H. Kennedy & Co's, -or direct by express all charges pre paid, from Giroux Mfg. Co., Buffalo, N. Y„. 4-8. The grand jury of Durham county Friday-returned true bills of indict ment against 500 citizens of that county for non payment of taxes. EDISON (JU1I5 UjUNU. Proposes Henceforth to Avoid Com mercialism and Investigate Only Tilings That Attract Him. New York World. Thomas A. Edison has begun to gratify an ambition he has cherished many years, and the laboratory at Llewellyn, N. J., will see compara tively little of lrim henceforth. Mr. Edison's ambition has been to Krve.himself a roving commission in to p'ure science and to steer clear of commercialism. He doesn't want to increase his fortune. He has got $25,000,000, which he thinks is more than enough. Ali of his life he has been turning out money-making .invenAons. H.e will.devote his remaining years to investigating anything that strikes his fancy, without regard to-its finan cial productiveness. \ It was learned yesterday and the fact is here made public, probably for the first time, that the man who has achieved bo many marvels in electricity has a greater love for chemistry than electricity. Chemis try was the first science to captivate his wonderful intellect, but he has never had a chance to dig as deep in to its mysteries as he wanted to. Now he nrnnnses to rive himself the chance. Moreover, he is going to take life more easily. He has promised his family and his friends to give up slaving night and day, Sundays and holidays in his laboratory. Not only that, but he is going to take Jaunts about and Bee something of the rest of the world. He has bought him self a place in Florida, where he will spend a couple of months in the late winter and early spring next year. Toward the end of this month he is going with his wife on a month's trip to the Pacific coast. He’ll stay' more than a month if the fancy strikes him. Yesterday, instead of being in his laboratory, he was fun making with some friends down on Long Island, Where he went Friday to spend three days. Perhaps he’ll be back in Llewellyn to-day. but It’s not certain. Coincident with this change in the career of the man who has made pos sible so many electrical marvels came the change in the affairs of the Edison companies, already published in The World, by which Commission er E. Gilmore, who took hold Of the commercial end of Mr. Edison's af fairs when the inventor, it is said, was $750,000 In debt, has been suc ceeded by Frank L. Dyer in the pres idency of all the companies. When seen yesterday Mr. Dyer was still in his office at 6 p. m., though ■ all but a few of the employes had gone for the day. He said: "Mr. Edison is anxious to devote more time to pure science and less time to commercial investigation. He plans in future to engage in the kind of work done by Farady, Clark, Maxwell, Helmholtz, Lord Kelvin and other scientists. "He will not cdnflne himself in the future to the electrical, field by any means. As a matter of fact, he is more interested personally in ohem iBtry than electrical matters. He has been delving into chemistry off and on §ince his boyhood. He is inter ested in all kinds of things aside from electricity. For months he has been working on an apparatus for the production of Portland ce ment. “The change doesn't mean that Mr. Edison is going to stop work. He is the kind of man who thrives and lives on work. He couldn’t stop working if he tried. It simply means he is going to do the kind of work he wants_ to do regardless of its commercial value. “It is not true that he is going to devote himself to the business or fi nancial end of his affairs. He has no liking for business matters. They are uncongenial to him and he re gards all the time given to them as wasted. He can hire others to do that kind of work for him. "Mr. Edison is now taking life more rationally than he ever did, de voting some of the time to outside enjoyment.” The John H. Sparks’ Shows. Tuesday, Sept, i-frth, will be a day cf excitement, fun, music and Joy for the children. John H. Sparks' fa mous Shows will pitch their acres of tents in Gastonia and give perform ances afternoon and night. This is an old and popular amusement in stTtutlon, traveling by its own spec ial train of palatial railway cars. The Sparks' policy is to present one ring full of the best features that can be secured. A great company of real arenic stars, such as the wonder ful Millette Family, the Ellett Bros., the Aerial St. Elmos, the beautiful Kadells Sisters, tire marvelous French Troupe DuRell-Mendoza.Van the human cannon; and many oth ers. In the trained animal arena are great performing elephants, li ons, tigers, leopards, hyenas and other fierce brutes, beautiful educa ted horses, ponies, dogs and mon keys. There is a whole troupe of funny clowns headed by Barney R. P. Rinkin, ^ President ei' -»■ ——-■ There yet rew strenuous part oi Campaign and ■, r should keep in t< S' __l~ Thn 4 company every u . { * S<*nd us Your Snbscription To-uny. Gazette ;•: : r, •; * • *:;s^ > Gastoni • ’ _ _ Shea and BHly Lightfoot, and Pan handle Pete with his comedy males will make everybody howl. There will be a splendid street parade at noon, and big free exhibitions at the show grounds. From time out of mind, says the Japan Times, certain devotee* of that country have visited a celebra ted temple at Narlta twice a year to perform the pious act of tasting with -
Gastonia Daily Gazette (Gastonia, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Sept. 8, 1908, edition 1
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