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VOLUME X ; 1, : V LENOIR, 3ST. C., MARCH 17, 1908. ISTO. 87.
.1 M. I I I 1 , t.
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.7.
'SERIOUS SITUATION IN SOUTH J
. ; . - -
v MlddeMorf Williams ,& Co. See
' the Necessity of a Change
C , 'of Front.
The real problem, for the South
to solve at this time, the problem
of first, and overwhelming impor
. Jane ; is to what limits the camp
v aign of anti-corporate hostility
which has been pushed vigorously
l' in almost every Southern State for
. several years, is "to be carried. It
was well enough, to search out the
evil, but in the vehement and too
often blind search, the good was
confused with the evil and the
whole has suffered.
Instead of hammering rates and
forcing the margin of profits of
railroads to the lowest extremity,
the people of the South will fare
mnch better bv insisting that the
railroads charge, for services ren
dered. rates which will yield a
fair return on the investment and
provide from surplus earnings, bet
j termeuts and reasonable and nec
essary extensions to their property.
' Hammering rates down forces rail
roads to provide for extensionsand
betterments by increasing capi
talization; thus the Legislatures
and not the railroads, become re
sponsible for any overcapitalizatidn
which occurs. A continuance of
the hammering process, further
more, reduces the margin of profit
below a reasonable, compensation
for the use of the money and promp
tly stops all extension and better
ments. The only sound policy,
therefore, is 'not only to permit
bat to force the railroad to charge
sufficienely high rates to enable it
to carry safely its capitalization,
and to provide from earnings for
the safe transportation of the pub
' Jblic and accommodations necessary
for the .extension of business
As an illustration of the extremes
to, which the present anti-railroad
crusade has been carried, we direct
attention to various bills passed by
the law-making bodies of different
' States in comparatively recent
monthsx A glance at these laws
will show the scope-and power to
the Dublic authorities over these
instruments of commerce. They
stipulate how many trains shall be
rap each day, how many men shal
be employed t Operate each train
hoV manv hdnirs railway tele-
grahers shal work, hw carsshal
be equipped,. low crossings shal
; be guarded, wre trains shall be
stopped, where and how, stations
shall be buUtt now quickly cars
f ' shall be furrtjshed following the re
questp of shippers, how many miles
K a dayrajs shall be moved, the num
; i ber of da"ys within which freight
.claims shall be paid, what shall con
ititute a cause of action to an in
'; Jured employe, what defense the
,. 'Companies may make, how accounts
" shall be kept, what valuations shal
be for purposes of taxation, and
.'v what rates shall be charged for the
. transportation of persons and pro
perty.
,' '"We ask in all caruestnessandse
riousness. can the South hope to
1 i .
, revivo the freshening and lifie-giv
' lng power of capital, can the South
' hipe to call the all-powerful forces
' 4 of new enterprise into being, go for
, ward and erow and expand and
-Open new territory by railway ex
, - tensions, and develop its vast re
sources in tne lace 01 a legisiauv
' state of mind similar to that which
produced the laws above enumerat
edt'Can the South hope to be other
than isolated, and neglected by out
side capital, so essential to the wel
fare and prosperity of any
growing region, while' the public
mind la directed acraiost ull man
ner of corporate enterprise! This
the great question the South musi
answer, must find an answeu for
As the (8outh has just ,pil . 'to
grow and, develop, can it hope; to
forge ahead without a vast amount
of new railroad construction each
year! And can the South reason
able expect investors to suppry
hundreds of millions for this new
construction, while railroads are
considered the plaything of law
making bodies! Until the South
comes to a full realization that
progress without railroads is im
possible, that railroads cannot be
built without capital and the capi
tal will not risk itself in the face
of injustice and legislative on
slaughts, little headway can be
made.
Those who were loudest in their
utcry in the South a few months
back claimed that the facilities of
the railroads for handling the traf
fic offered were by no means ade
quate. But a hickory club in the
hands of a State Legislature or a
State commission could not hope to
make them adequate. Money is
needed here just as it is needed in
all forms of expansion and develop
ment: money and money alone will
supply the necessary equipment.
But where is this money coming
from! Not from surplus funds, for
the Southern railways are doing
ittle more than earning their nec
essary fixed charges at this time,
and despite this legislatures and
commissions are ordering radical
reductions; salvation does not lie
n this quarter then. Where else
then can the railroads seek the
millions necessary to equip their
ines with adequate rolling stock
and bring their lines to the highest
efficiency! Where, indeed, except
among investors at home and
abroad! And it is just here that
the widespread anti-corporate hos
tility lays a chilling hand on the
South's advance. Investors are not
willing to place their funds in en
terprises against which the public
hand is raised; they will not run
any risk of confiscation, even
though that risk is remote in the
extreme. This, then, is the situa
tion in which most of the Southern
roads find themselves: a public on
the oue hand clamoring for great
er facilities and lower rates, and
on the other an investment senti
ment paralyzed by this very clamor
Between these two millstones are
the railways of the South, and
what the outcome will be time
alone can tell. Withont money
there can be no increased efficiency;
without this increased efficiency
there can be no progress; without
good will and hearty public co
operation there can be jio money,
investors holding back in fear.
The SoHth is now facing a far
greater, a far more serious crisis,
than it realizes, and Ve make a fin
al pJea to Southern law-makers and
to others influential in shaping op
inion in the South to do everything
in their power to stem the tide of
feeling which" must inevitably re
coil upon this section. The South
has barely begun to taste the fruits
of commercial and industrial well
being, and those in power should
think long and carefully before do
ing the slightest thing to retard
the already long-delayed progress.
The reservorirs of stored energy
are now filling rapidly and matters
it
are shaping themselves for another
long upward swing which will car
ry this country to a higher van
tago ground of achievement. Will
the South take its rightful place in
this onward movement! Will it en
courage commercial and industrial
development, bringing happiness
and prosperity, or will it make
politics its chief industry, appeal
ing to prejudice and hate by adopt
nsf any kink of law just so it is
against railroads or corporations,
and follow a policy which can on
ly paralyze the wheels of commerce,
and spread powerty and destruo
tfon over a land teeming with , oat
oral wealth and opportunity! Pro
vidence has done everything for
the South; given it mineral wealth,
agricultural wealth, favorable cli
mate, artificial power in coal, to
ship to its neighbors, and natural
water power to run its mills. Cap
ital can do the rest and make it one
of the richest, most prosperous, and
happiest section of this great coun
try; if it is permitted to do so. Will
its own people lock the door of op
portunity, destroy what capital it
now has, and turn into other chan
nels the tide of industrial activity
which has during the past decade
contributed so much to its national
welfare!
The South cannot hope to go for
ward unless it gives evidence of
willingness to encourage and wel
come capital and give it protection,
and capital can be encouraged and
welcomed only through sincere as
surauces of fair play. Capital has
proved what it can do for theSouth
and politics has shown what it can
do to capital. It now remains for
the South to say whether it wishes
to continue the advance begun so
splendidly a decade ago and halted
only when the feelings of the peo
pie got the letter of their judgment
Capital is now looking toward the
South because it knows of the
tremendous possibilities of that
great region; but unless the South
is willing to guard and protsct in
vested funds and give its great cor
porations fair and square treatment
capital will hold back. TheSouth
at this time owes a duty to itself,
a duty of tremendous and incom
parable import, the duty of show
ing to the couutry, to the world,
that it is just and fair and willing
to protect the interests of those
who confide their all to her. If the
South fails in this duty at this
time, it will mean a tremendous
backward step. Will the South
do its duty to itself!
It coaxes back that well feeling,
healthy look, puts the sap of life in
your iynteiu, protects yon from dis
ease. Honisters kockt mountain
Tea has no equal as a sprioft tonic
for the whole family. 80c. Tea or
Tablets. Dr. Kent and Granite Falls
Drug Co.
Reward For "White Caps."
Charlotte News.
Raleigh, N. ('., March 12.
Governor Glenn offers a reward for
the capture of the band of "White
Caps'' who at Belhaven set upon
the company of Greek immigrants
employed in the Belhave.i Inter
state Corporation Plant, beat them
unmercifully, causing the death of
two, others being seriously woun
ed.
The governor is advised that the
citizens are entering heartily into
the work of fixing the outrage on
those lesponsible.
Governor Glenn, has ordered the
Washington, N.lC, military com
pajiy to subject to the orders of
the sheriff of Beaufort county for
the protection of a band of imnii
grants who were recently located
there (bweedes). iney were
attacked last night and several of
them badly beaten up by a party
of masked men believed to have
been the llawless element. And
there was fear that there would be
further demonstration tonight.
lie Made Moonshine.
Army and avy Life.
There was an old man who w as
charged with illicit distilling and
was brought up before the court.
The judge who was a witty fellow,
asked the prisoner what was his
Christian name. The prisoner re
plied, "Joshua" and the judge
answered. 'Are you the man
that made the sun shinet" and the
prisoner replied, "No, sir, your
honor; I'm the one that made the
moonshine." ' - :
Jones Frady Shoots Paris Sumner.
Raleigh Jfews and Observer.
Asheville, X. C, March 11.
Claiming that he had killed Paris
Summer, and that he was justied
in doing so under the "un
written law," James Frady,
well known citizen of Limestone
township, aroused Deputy Sheriff
Mitchell at the county jail here
alout midnight last night and de
manded admittance.
Sumner, however, is not dead,
but is in the Mission Hospital here
desperately wounded. The shoot
ing occurred .twenty yards irom
Frady's home last evening.
Frady and Sumner, both well
kuowu and highly respected citi
zens, are neighbors. Frady alleges
that Sumner was intimate with his
wife and last evening finding the
two together, opened tire on Sum
ner. Frady shot five times, three
of the bullets taking effect. Then
Frady l)eat Sumner's skull in with
the butt of his pistol, and left his
victim for dead, coming to Ashe
ville to surrender. Sumner was
shot through the lower part of the
abdomen, the right lung and right
shoulder while an operation was
necessary to remove the fractured
pieces ot skull.
Sumner is Dead; Coroner's Ver
dict.
Raleigh Evening.
Asheville, N. .C, Maoch 13
Parris Summer, formerly deputy
sheriff of this county, who was
shot Tuesday night by James Frady
who returned home unexpectedly
and surprised hfi wife and Summer
together, is dead. An inquest was
held and the coroner's jury render
ed a verdict to the effect that Sum
mer came to his death as a result
of bullet wounds inflicted by Fra
dy, who has confessed, pleading
the unwritten law.
Frady also tried to kill his wife,
but she fled from the house She
has returned to her home, and de
clared that her husband saw Sum
mer pass their house, and he fired
at him from a window. She denies
that her husband surprised her
with Summer, and asserts her in
nocence.
400 Men Laid Off at Spencer.
Salisbury, N. C, March 11.-
Another cut in the force of the
Southern Railway, at the Spencer
shops, of 400 men was made this
morning.
The meu laid off are mechanics,
blacksmiths, locksmiths, painters
and coppersmiths.
Only about 150 men are left,
just enough for repair work.
Eighteen new engines are to be
placed hi use.
This cut, in addition to that
made recently, amounts to between
000 and (00 men. ihe men are
laid off indefinitely.
New Iron Mine in Ashe.
Jefferson Recorder.
We learned that Dr. J. T.Jones,
Lansing, N. C, has had the good
fortune to strike a nice vein of iron
ore on his property which he op
tioned to the Virginia Iron Coalj
Coke Co., and who did very exten
sh e development work there last
year without any favorable result.
It will be remembered that'' the
company turned this property
down and left the field, after which
those who lost faith in the proper
ty persuaded the doctor to continue
the work with the hope of discov
cry. This he did, and to the de
light of the doctor and all who are
interested in Ashe county's devel
opment, he had only to drive the
tunnel six feet from the point
where the company quit work be
fore striking a nice vein of very
rich ore. We have seen a sample
of the Ore, and it is exceptionally
rich.
CUL1WAT
We have unloaded a
Car Load of Buckeye
Cultivators & Superior
Corn Drills.
AFeYoeMcady?
BERNHARDT -SEAGLE
Hardware & Furniture Co.
MOORE'S
Close Oil
Goes on daily and will continue until sold
out. We are going out of business. Te lease
on our building expired Jan. 1, which necessi
tated a change, since Mr. Jno. K. Moore has
gone on the road, now leaving our business to
be closed out. We are offering our stock at
ACTUAL COST,
Entire line at prices never heretofore made in
Lenoir. Ready Made Clothing, Ladies Coats
and winter lines at half price which is much
below cost Values never offered before. We
want to close out right away. Our stock is
new, bought to "till in." Everything will be
sold at Cost, as the business will be discontinu
.ed. See for yourself.
' Yours truly,
MOORE BROS.
OLD POSTOFFICE BUILDING. . ?
S. STERNBERG & CO., :
- X - .
Asheville,
Largest Fur House
HIGHEST flARKET PRICE
GINSENG AND BEESWAX.'
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