Newspaper Page Text
S?RTH CAROLINA
IN THE LIMELIGHT
(Continued from First Page )
honen at Conoord, nod the good people
of that tonn are rejoicing no little.
C. A. Wycbe has been elected presi?
dent of the First National Bank of
Rosnoke Rapids, to succeed the late
olonel H 8. Burgwyn The new presi?
dent has been cashier of the bank for
several >ears
The Mercantile Development Com?
pany is a new concern that has been
chartered in Charlotte, not to engage
lit the mercantile business, but to de?
velop snd build up a heretofore neg?
lected part of the city. The company
has ample capital and its ineorporators
are among the best business men of
Charlotte
Tke A C House Lumber Company
has sold to the Weldon Lumber Com?
pany their big sswmill plant in South
Weldon. together vith all machinery,
locomotives, tracks, eto.
A delegation of Asheville people has
gone to Trenton to offer Mr. Wilson
a summer home in the mountain me?
tropolis, of a fireproof bungalow facing
the golf course.
The editor of the Charlotte Observer
has already put in "second bid." in
csse the President-elect declines.
The Chatham Record insinuates thst
business is pretty good in Pittaboro. it
says: "Pittsboro has got to be quite
s point for shipping cedar posts.
every day a car. and sometimes
two. are shipped away from here. Be?
sides this, any quantity of lumber, wal
i us, oak posts and railroad ties are
ali-o shipped out."
The Concord Tribune says: "Mr.
Wade H. Cline to-day received a
thoroughbred Huff Leghorn cockerel
from Mr W. H Heil, of Kaston, Pa.
The chicken cost Mr. Cline 125."
FACTS FROM AFAB.
Brieflets Bearing I'pon Industrial Pro*
gres? In Places of the Outer World.
The mail time from New York to,
Bangkok is forty-one days.
In China and Japan railroad sign?
boards bear the names of places in
both English and the native language.
Horses in the world number about
100.000.000. of which nearly one-fourth
are in the I'nited States.
Minnesota has 767 banks under State :
supervision, with resources totaling j
?1*>.?7.9M ?6.
In the congested area of a town a
common By con harbor from mjo.OOO to
500.000.000 bacteria, while in the suburbs,
it carries only upward of 20,000.
Sixty-five thousand two hundred and
ninety-nine automobile licenses were
issued in the State of Illinois from Jan- |
uary 1 to September 30 of last year.
Propelling machinery for ships, in
which a steam turbine and an oil en-1
gine are coupled to each propeller,
enabling either kind of fuel to be used,
has been patented In Switzerland.
Pennsylvania produces nearly one
third of the sand used in the manu?
facture of glass in the United States.
Over 2 000 stockholders will start a
chain of co-operative grocery stores in
Lorain and Elrnira. Ohio.
By agreement among several lead?
ing nations, a detailed map of thel
world, on a uniform scale of one inch j
to about sixteen miles, is being made.
With good reason is Guatemala {
known as "the land of the 6-cent dol?
lar." Its currency has steadily shrunk I
in value until now the Guatemalan
dollar is worth about 6 cents In gold.
Between Vladivostok and Moscow,
a distance of 5.426 miles, but one change I
Is necessary on the international train
mm luxe. The transfer is made at
Irkutsk, 3.425 miles east of Moscow.
Deck benches that have been in?
stalled on the steamers of one trans?
atlantic line can be converted into
life rafts to carry six persons by rais?
ing lower porrions to a level with the
seats, where they lock automatically.
Halifax Boy Corn Growers.
Houston. Va , January 25?Oiles j
Sydnor Terry, of News Ferry, and |
Charlie Green, of Alton, are the cham?
pion boy corn growers of Halifax
County, and they started this after?
noon on their journey to Columbia.
S. C . to attend the National Corn
Show. The Roston National Bank, of
South Boston, offered a free trip to the
exposition to the two Halifax County
leaders among the Corn Club boys,
and these two lads were winners.
Young Terry made III bushels on his
su-re and Master Green yew sixty-Are
bushels.
METROPOLITAN
iENGRAVTNG
COMPAIsTYm
MAI N ^2 12T-C STRUT
RICHMQNDtVIRGINIA
GRASS SEED,
ALFALFA, CLOVERS,
VETCHES, RAPE,
OJA BEANS,
OW PEAS,
sRAJN, HAY,
.)AIRY FEED,
POULTRY FEED, Etc.
Write for prices.
Carter, Venable
& Co., Inc.
1001 E. Canal Street,
Richmond, Va.
C. 8. RICHARDSON I
MRAL AGENT
Massachusetts
EMutual Life
Mutual Bldg. j
This Company Furnished in 1<>I2
Lighting Fixtures
FUR
M numenul Methodist ( I
St, lames tpteropal ("hnvrh.
St. iT*f?mas EmtcopaJ ( hcrrh,
West minster Pi e?rnt?-i h I I hshvh.
Tatavnacle Baptist Church,
\ (tfbk Street Baptist Church.
; B. Catiett Electric Co.
Uf Knot Mai* Street
llllesTlal II
MAKING RED CEDAR CHESTS AT ALT A VISTA
NEW INDUSTRIES
IN SOUTHLAND
iContinued from First Page.)
Ala., was incorporated with capital
stock of (90.000 to establish canning and
packing plant.
Clarland Lumber Co., Garland, N. O..
was incorporated with capital stock of
Ilixi.ooo to manufacture lumber.
Whitney Manufacturing Co.. Whit?
ney, N. C. will erect additional build?
ing and install 10.000 spindles with ac?
companying machinery.
AN OLD PROPHECY
HAS COME TO PASS
To-Day's Southern Cotton Man?
ufacturing Was Foretold More
Than Sixty Years Ago.
The "Side Table" editor of the char?
lotte Observer is always unearthing
i something remarkable as well as intenso
1 ly Interesting. His last find was an old
' paper published somewhere in the
; North, and of the date November, 1*47.
I soon after the "Side Table" editor was
I born. According to the "Side Table
editor" the old paper contained a
prophecy that has been fulfilled, but
let the "Side Table" tell It:
That paper carried a prophecy about
the coming development of the cotton
mills in the South in which probably
not much stock was taken at the time.
' The prophecy itself was rather restricted
; but went fo far as to venture the pre?
diction that the "factories springing up
?o rapidly would probably make the
South soon largely independent of the
Northern States." The overfulfilment
of this prophecy of 1S47 is of marvelous
record. It was modestly stated that
"there is at this moment an energy in the
investment of capital for manufactur?
ing purposes In the Southern States,
whi' h will soon place the South in a
poeltson perfectly independent of the1
Northern States, or Kurope. for the
supply at least of the coarse and medium
styles of cotton goods.
It was told that factories tre spring- 1
Ir.g up In every Southern State. In
Charleston, the city of Southern dig?
nity and high-born manners, we per?
ceive that a factory Is now in progress'
of erection which will contain i 000
spindles and 100 looms, and from the'
quality of iloth intended to be manu-'
factured It will turn out 23.000 yards a
week. The machinery Is to be driven I
by steam power, and It will pay well if i
the whole be properly managed."
Charlotte, it will be observed, not
much in evidence at that time, Is now
the centre of the cotton mill develop?
ment f the South.
Tl er of JM7 was of the opinion
that Mi is the best enterprise of the
kind .r.dertaken in Chsrleston. and
Pal ? there Is no less dignity tn fol?
lowing mercantile pursuits honorably
than agricultural. The South will ?
sh'-rMy make all her own cotton <loth,
and we may yet see the time when
?he er-ton shall only leave the planta?
tion In the form of cloth. The cot- i
ton c'.,th for the Northern States and
for mercantile exchange with other
na'ions Whs always be made in the
Northern Stetes, but we may without
ar.y prophetic ? laims advise our North?
ern n:anufacturer? to look more to.
Investments la woolen manufactures. '
and eertninlv we strenuously advise
th?T. te rrake investments in the man
BfattBia of Ml en cloth. There Is now
a boundless field for the growth of flag :
a- 1 *te n-.arufacture of all kinds of
canvas ."
In Bur/fort o* this p-opheey slxty
etx years ago the writer says: "Progs ?
I R%1 eat ? UCCS we have accounts of
treat activity in the erection of cotton j
fae?o?"!es in Old V'g.r i* <;e0rgta and j
Alabama, ar d we perceive by the
frsnk'in. 1.? . Banner that good tr.s
etir.tsts. b'a< krmltbs erx.pers and me- |
ehanl'S Of every de?, rlpti .n are wanted
to come and settle m that section."
FABMVIIM ?TKIhlNC OIL.
ftnslness Men Prepose to ?er If There
I* Ar.? i hing In Alleged Prospect*.
ig wavs
ins At
r. ? he
? ? ? tree? -f it
tad been I?s?d hk
sat
satisfied that oil
FINGER PRINTS IN
BANKING CIRCLES
(Continued from First Page.)
reverse aide of the card is intended for
a description of the depositor.
The system is indorsed by the Ameri?
can Bankers' Association and is al?
ready in use in many financial institu?
tions throughout the country.
The method is based on the fact that
no two persons have exactly the same
markings on the skin of their finfjers.
' and that, the. marks of an individual s
flncer tips do not change the character
i fron infancy to old age.
F
NANCIAL FACTS:
HOMNEYTALKS
Individual Deposits in the
Banks of the South Show
Wonderful Increase.
VIRGINIA LEADS THE STATES
Figures That Reflect Industrial
and Agricultural Develop?
ment All Over Dixie.
Individual deposits In financial in?
stitutions in the South reached in 1912
a MSMI Of 12.322.904 742. of Which $1.069.
nw 475, were in national hanks and :
?1.2*3.(0? .7*7 wer" In other financial in
UlteUone in iw *u?h deposit*, ag
gregated $*C4.e4">>*j In national banks1
and $34f SB2.374 in other financial Insti?
tutions, a total of MM 443 257. The
totsl In the South in 1912 was more than
three time* the total !n the South in i
190? In the twelve rears the increase'
In ? ?:< h deposits was at the rate of 240 $
mm mmt In th? Scuth and 124 3 per cent
in the rest of the country.
Virginia'* fiood Showing.
In Virginia the Individual deposits In I
national bsnks alon? amo.r'ed in tvO
to $90.473 4M in 19W to 173.4M.3*4. and in ,
l?U to ISO 23? ?3. Virginia hae shown !
a greater increase in the last twelve |
year*, red especially In the leat two!
year*, than any other Southern State .
eacep? Texas
This In-rmi? In deposits tn national
banks, says the Manufacturers' Rec?
ord, hae come about since the passage
of the act permitting the organisation
of national banks with, as little as.
$7 OSO capital, and. Ii the both of
national tank* and of other ttnan
-???.'? r? 'r ".r-<x)'j?nr? of th*
era of proep*nty which the South has
enjoyed since, with the tarn of tbe ?
?-r.t'iry. raw cotton beaten to brine re
. -atlre p-i-ee to tee grower* In
ia*> there ware OS national banks m
?r-.e south snd tat? In tbe rast of th*
country. There ?ras a comparatively
slow increase by ttOO to sat la tbe South.
rinting
C Oar srkssa ere cassmtaat
wits the arsA* af work *t
rrt>c ? ct "ore **>* igHev
rkea s/WtWtJ te rbeslm
tab, -a sll or eraie- sts
ft*** *W lfc*e*sV ??OrtsV
Whittct ?& SheprxTioo
i
or at the rate of IS 8 per cent, and to
3.068 in the rest of the country, or at
the rate of 7.2 per cent. There are
now in the South 2.048. only forty-seven
fewer than the number in the whol
country in 1880. The increase in num?
ber between 1900 and 1913 was at the
rate of Iii.4 per cent in the South and
75.1 per cent in the rest of the country
The South In the Lead.
In the twelve years the increase in
individual deposits in national banks
was from ?334.?49.683 to $1.039.068.475, or
hy t724.4IS.7M. equal to 216 4 per cont in
the South, and from $2.173,398.875 to
$4.885.462.593. or by $2.711.893.720. equal to
1-4.7 p?>r cent in the rest of the country.
In the same period 'he Increase in In?
dividual deposits In other financial in?
stitutions was from $346.803.574 to $1.263
836.287. or by $917.032 713, equal to $238 4
per cent in the South, and from $4.434.
090.118 to $9.934.770.157. or by $3.500.680.039.
equal to 124 per cent in the rest of the
country.
The Cause of It. ?
The greater rate of increase In the
South reflects the wonderful develop?
ment of the past few years in agricul?
ture, mining, lumbering, manufacturing
and commerce in that section. In the
main on ail these lines the South is
absolutely in advance of the whole
country in 1SX). and in proportion to
area and population far in advance.
Since 1880 the South has been able to '
resume its Industrial and agricultural ?
activities that had been interrupted by j
the war and subsequent demoralization i
in political life, and the progress that
N has made is a guarantee that the end
of the next thirty years will find the |
South as flourishing and as well off in
proportion to population as the whole
country is to-day.
GREAT YEAR 1
MANUFACTURING
(Continued from First Page )
pounds Imported, against la.fl.&to pound* in j
l?ii. the former high reco*d year. Pig copper
entering this greatest copper producing roan- I
try of the world, shows s total of shout
tsS.en.69C pound*, asainut sM.aso.gos pounds in '
the former high record year. nil. Chemi?
cal* largely turd In manufacturing also show
s larger total than In any earlier year. Wool
?bow an iinavuallv lartre total of importa?
tion* hut fall? below the bl*h record of ISM
snd 12*. The total value of all crude mate?
rials mied In manufacturing. Imported In islt.
amount* to shout is.'S.mcAO. a*aln<t the form?
er record of IMS.ew.qso la ISM.
THE SI Bf RR BEAT TIFVL.
Famous lecturer to Tell Ointer Park
People Ahnu. "(isrdrn t itles."
Fwart O. Culr>in. the secretary of
?Ke Harden Cities and Town Planning1
Association of Oreat Britain .is mak?
ing a tour of the I'nlted States deiiv.
ertng instructive lectures on ths Inter,
estlng subject that occupies the atten?
tion of his association, a subject indi?
cated by the name.
If there is anything new to be learned
about the art of making beautiful and
attractive snd healthful the suburban I
town, then the people of Ointer Perk
want to know all about It. end they ,
want their neighbors to know about It
slso There'..-e -he home folks of'
the "Beburb Beautiful" have arranged j
with Mr. Culpln to lecture on the I
pleasing theme on the evening ?f Feb- I
ruary 7 There wiil be no admission
fee. and the Ointer Perk 'ittsens want
to see ell of the neighboring suburbs
Barton Me g'-s 'i t<-ry Court. Wright's
Park, \irgin.. Pines Highland Psrk ,
snd ?II the balance of them well rep
Transfer of Timber Holdings.
Pre- ?? to The Timee-Dispatch 1
Freeling Vs. 'snuery 2??John F
Trivitt. of this place, has transferred
se-r-.. t ??? of stsndlng timber I
*r? ind and adjacent to this immediate !
section to the Yellow Poplar Lumber
( ompsny. s corporation eslotlng under
the laws of the State of Ohio it is
understood that' thai company win
manufacture the timber at once, as
they have other eoaetderable holdings
In this ss et loa. This company has
operated In the aset ard of PI Lai?la
County for several yea s
What Does a SAVINGS
ACCOUNT Mean to You?
The average man or woman is too prone to live in the present only?to take no
-1 nought of the future. They occupy themselves with this day's events and the doing
thereof?"to-morrow," they HOPE, will take care of itself. An attitude that is alto?
gether wrong?wrong from every angle at which it may be viewed.
The business man, the clerk, the stenographer or the girl otherwise in business
?no matter what your calling?whether you support yourself or have others de?
pendent upon you, YOU SHOULD CONSIDER THE FUTURE. Provide for all
those "to-morrows" by opening a SAVINGS ACCOUNT in
Richmond's Oldest and Most
Conservative Savings Bank
A small amount will do?a dollar will open an account, and added to at regular
intervals, even though in smalt amounts, with the 3 per cent interest we pay,
your balance will soon reach a comfortable figure. Sickness, business reverses
and other mischances of fortune will then have no terrors for you. You will then be
secure in the knowledge that your own future and perhaps the future of those
dependent upon you has been provided for.
UNION BANK
OF RICHMOND. VA.
1104 East Main Street
Oldest. Strongest, Safest in the South
AGRICULTURE
NORTH CAROL
N
NA
(Continued from Flr?t Page )
owner s equity rose from t**2 in !**> to
?1,714 in 1910. or by 98 per rent As a re?
sult of the greater relative increase In
the total farm value than in the total
farm debt, the mortgage indebtedness
of North Carolina farmers whioh was
45 per cent of the value of the roort
K^ged farm? In 1890, had rhanged to 33
per cent of this value in 1910.
TOBACCOSA
VARIOUS MARK
LESIN
ETS
Breaks Large?Better Stock
I Shows Up?Market Firm
With Stronger Figures.
The sales of loose leaf tobacco in the
Richmond warehouses were quite as
large last week as they were the week
previous, somewhat to the surprise of
the warehousemen. A considerable
quantiy of the flre-cured or smoked
black goods were put on sale Monday
and some "of it during the other sales
days of the week. This type, which
has been selling, so the farmers say, ut
less than the cos: of production, brought
better figures than it has for at least
two years.
The bulk of the offerings were cf the
sun-cured stock, and the buyers of the
same were out in great force. The
offerings showed a much larger propor?
tion of the better goods than they have
at any time this tobacco season. Many
good wrappers were sold at prices that
were pleasing to the sellers. The top
notch price for wrappers was scored
at Shockoe Warehouse, when a pile was
knocked out at ?33 per hundred. Many
piles sold from (20 up into the thirty
mark.
On the whole, the market was very
strong all the week, all desirable offer?
ings that were in good order selling at
figures that were an improvement on
former sales of this season.
The indications point to large breaks
again this week.
The Liggett A Myers Company
f r some wee s been bidding liberally
cn sun-cured stock. Last week they
became rery large buyers and the
secret leaked out t at that com; any
Is to ; ut cn the market a new brand of
strictly sun-cured goods and will soon
go roaming after trade for it. That
this concern as entered the sun cured
market on such a large scale is good r.ews
to ths gTowers of that type of the weed
as well as to the Hi< hmond warehouse?
men.
Farmvllle Tohacro Market.
Farrnville. Vs.. January 2?.? Rales
have been active at all the warehouses
of Farmvllle during the past week
and prices hav? been higher. Some
sales have averaged more than ?II
The total *al?s for the week ending
January 17 amo'ir.ted to 57?.KM pound*
bringing the total for the season up to
? 092 0*4 pounds.
Petersburg Tobacee Market.
Pe'ersV^rg. Va . January 2??The
market wa? strong and active this
weak, with advanced pncee on all the
better grade* and lively competition
among the buyers. Sales this week'
were 471."as pounds, at the fonowinrtt
prtcee
Trash lug*.I ? 0? g* ? 4 M j
Common lugs. 5 so <% ?SO
Oood lur*. ?00 ? too
Short leaf. 7 40 ?* ?50
Shipping leaf.NO* # 14.SO
Short wrapper*.a OS (a It on
Fine wrappers.17 AO <?) tt 00
Many lot* of good wrappers were
sold during 'he week at prices ranging
from SB to ?3?
Sales for ?>-* season to date aggre?
gate 2 5H.*S0 pounds
Daavllls Tohacro Resort.
Danville. va . .tanaary SI.?Tba re- ;
ceipte this week have been quite la
: and the sale* o< cupied the most of i
day. There ha* been a eemewhet larger
proportion of the better and brig
gradee sold this w?*k. though
general character of tba
quite common
Price* h >!d firm at the very
point reached this
The soft ws
luesrss large receipts
future
Red tied tobacco* continue active.
' how re Toeeree at*
Lynchburg. Va. January
D Oglesby, of the Lynchburg Toi
Warehouse Compaay. Ii
saafces the following report of '?J^'"
Sees weak agsatac Jaasastw St, M OT
pounds
Sold weak easting January 17. TfX.OT
7% PREFERRED CUMULATIVE
Non-Taxatble Stock
Union Securities & Realty Corporation
$100,000.00 of this stock is offered at par, subject to sale or
increase in price.
This Company has a large paid-in Common Stock, and its
funds are entirely invested in Reai Hstate or Real Estate Se?
curities in Richmond and Virginia. The officers, directors and
stockholders are all men of known standing and successful
Richmond business men.
This is an unusual opportunity for a Virginia investor, for
the reason that the stock is not taxable. Full information will
be furnished by the undersigned.
UNION SECURITIES & REALTY CORPORATION.
THOMAS GRESHAM, President.
R. H. BRUCE, Y.-P. and Gen. Mgr. J
A. L. MeCLELLAN, V.-P. and Treas.
DIRECTORS?J. R. Paschal!, A. L. A~damson, Warner
Moore, A. L. Hawse, W. L. Walters, C Boice, O. J. Sands,
Wm. C. Camp, A. L. McClellan, R. H. Bruce, Thomas Gresham
and James Mullen.
Offices: American National Bank Bldg., Room 514.
JOHN L. WILLIAMS & SONS,
BANKERS,
Richmond, Virginia.
HENRY 5.HUTZLER&C0
BANKERS
SOLICIT YOUR PATRONAGE
IN ALL LINE 5 OF
GENERAL BANKING.
INTEREST ALLOWED
ON SAVINGS ACCOUNTS.
Increase this week, SI .MO pound*.
Sold from September l.jitll. to Janu?
ary Hi I'll, s.ws.joo pound*
Sold from September 1. lilt, to Janu?
ary 24. ltu. I.Mo.too pound*.
Decrea?e for lilt. 3*1.800 pound*.
Receipts this week were lee* tben last,
and were fully up to expectation*,
though they show a decrease from ths
same period last year.
While the offerings as a whole show
improvement In quality, yet much very
inferior stock is being marketed. Prices
on all grades are strong, especially
good and fine grades, which show an
Improvement.
The farmers seem anxious to sell.and
the crop is being marketed fast. Qjo- .
tatlons:
Lugs, common 'damaged). 13 00 to M nr.
Lugs, common.Hfl to at 2?
I.ugs medium.IS SO to $?25
Lugs, good.p ? to r?
Leaf, common.as SO to IT SO
Leaf, medium.$7 to ?o $* OS
Leaf, good.$e SO to lit 00
Leaf, fine. In so to $15 on
Leaf, wrapper.HJ.? to M ou
The Rocky Mount Market.
Rocky Mount. N. C . .Tannery JS ? ]
Receipts of leaf have been slightly In
eaaaat of last week, and the market
slightly more animated, prices on some
grades being fully as blgh if not
higher than at any time this season,
and th" buyers. Independents as well
as ths larger companies, seem enger for |
the weed, snd no pile is neglected
The sales for ths week amount to shout
I? 000 pounds, and sale* to dat. ?100 .ro
pounds. It i* thought th* total will
reach TO Jet Jet pounds before cloee of
the season.
Rome Para Law.
Aa observing farmer ear* th* fol?
lowing rulee may be regarded se tolar- ]
ably authentic: "When you pass
fsrm nnd see n lerge bem and a smell
hows* you msy know the man Is hoes::
whsn yo? see a Ina house snd a small
bam yo'i may understand that ths
woman has things her own way. pad
when there Is a good barn end a nlos 1
house yon may take It for granted that
aisd asaa are sons!* and |
1 er la harmony "
The rsttss */fovement,
la hie lese report the secretary of the ]
New Orleans Cotton
that the amount of
the^U^ days^of^ ths ^
period last soaeo/i cf
The est ports wore I .at*.rat
s decrease < I' U* ss* t>* es. i he
taking* were, f r Northern spinner*,
1.S18.U* bales, an inoreaee of 10?.6? bales;
by Southern spinners. 1.129,181 balaa, ea
Increase of 301.!3t hales.
The Plans,
Problems,
Prospects
of our customer* are matters of
first concern to the officers of
this bank, as we prosper with
our patrons. We have the in?
clination and ability to serve
you.
First National Bank,
Ninth and Main.
CAPITAL AND SURPLUS,
$3,m,ttt.
Branch, Cabell &Co
nil R. kfsra st
P*?ns Ho. I*.
Heather, ?ew Terk Stock ?rcksars
?ni Ch!r?r^ Fr??r-1 of TrsAo
F. F. V.
Facta?Tag u?ee Verified.
CHARLES F. HUDNALL
AfDITlXG, ACCOUNTING
SYSTTM ATTZING.
St* Traveler* Bldfl . Rlchin<m4. Ve\
Monroe 4?l.
