Newspaper Page Text
AIKEN - AUGUSTA COMPANY
Believed That Transfer to Redmon
Co. Signifies Development of
Augusta, Ga., July 18.-The hol,
ings of the E. H. Harriman estate
the bonds and stocks of the August
Aiken Railway and Electric compai
and allied properties have been so
to Redmon & Co., of New York, on
basis of $2,750,000 for the entire pro
erty subject to an investigation of t1
physical and financial condition
the property which has been going
in Augusta for the past several wee]
and which, it is believed, will hai
the effect of consolidating the deal.
Negotiation for the local street rai
way properties have been under wz
for some time past, Redmon & C
having secured an option from tl
Harriman estate which expires C
July 29. For some weeks past phys
eal property experts, accountants ai
lawyers have been at work in A
gusta, going over every detail of t]
company's business, and their fin
reports have been completed and a:
now in the hands of the new purcha
ers, or will be before the end of t]
present week. It is understood th
all the reports will be passed upon 1
July 23, and it is known that th4
must be acted upon by July 29.
The properties involved in the de
are the Augusta Railway and Electr
company, whieh is the owner of a
the local street railway lines and ele
tric lighting plant; the North Augus
Hotel company, which owns t]
Hampton Terrace hotel; the Nor
Augusta Land company, owning
large amount of real estate in Nori
Augusta, and the Augusta & Aik
Railway company,- owning the inte
urban line from Augusta to Aik(
By a reorganization and consolid.
tion of these various companies, son
nine or ten years ago, the August
Aiken Railway and Electric compar
and the North Augusta Electric ai
Improvement company were forme
as holding companies, these two co:
porations owning all the stock of tU
several companies, and issuing thel
own bonds against the outstandin
securities of the original companie
It is understod that not all of the ou
standing bonds of the original con
panies have as yet been taken up b
the holding company, so that abox
$2,000,000 of the bonds of the holi
ing company still remain in the -treat
Five Millions of Secuirities.
The total stock issue of the variou
companies is about $800,000 of pr<
ferred and -$1,500,000 of commc
stock, practically all of which
owned or controlled by the Harrima
estate. The holding company has i~
sued $3,000,000 on bonds against a
of the properties so that the combir
ed securities now amount to som<
thing over $5,000,000.
The Augusta Railway and Electr
company's lines in Augusta and sul
urbs represent 'about 30 miles
track, but all of this with the exce]
tion of about two miles, double-trac]
ed, so that the local street railwa
system represents about 16 miles
line. In addition, it embraces the l1
cal electric light and power plar
which is a highly successful ente:
The Augusta & Aiken Railway C<
represents about 22 or 23 miles<
track, between Augusta and *Aike:
which cost to build in the neighbo:
hood of $500,000.
A Big Hotel.
The Hampton Terrace hotel repri
sents an investment of $600,000<
more while the property of the Norn
Augusta Land company amounts to
considerable sum. In addition1
these, there is involved in the tra(
the Saluda River Water Power at
Electric company's wire -and ci
rights over the Congaree river brids
at Columbia, for which the August.
.Aiken company has paid in the neig]
borhood of $100,000. It is not d
finitely known what the deal means*
Augusta. Several rumors have be(
afloat in connection with it. One is
the effect that Redmon & Co., is
reality purchasing the properties f
J. G. White & Co., which is a lar
owner of street railway and electr
properties in this country and els
where. Another rumor is that ti
purchase is part of a plan to build
inter-urban line from Atlanta to A
gusta, and from Augusta to Colur
bia. Both of these projects have bet
under discussion for several yeal
There is still another rumor that t)
purohase may have something to
with another large electrical develo
ment co$cern for this city and se
tion. None of these rumors, howevt
can be confirmed, as none of the I
cal officers of the company seem
know any more about the deal the
the mere fact that it' is taking nlna
Mr. Jaeksou Reticent. T
James U. Jackson, vice president
S of the companies, positively declined
to discuss the reported sale of the w
properties. He simply said that he (a
S was not in a position to talk at this to
tire and that nothing could now be"
stated for publication. Mr. Legare, n
general manager of the companies, of
has been equally reticent throughout. "
Nevertheless, it is well known that di
both of these men are fully aware of st
what is transpiring, because, for some pa
Ln weeks past they have been going over be
I- the books with the experts, who are
L to make a final report on the finan- cc
[d cial status of the combined compa- of
a nies. In fact, the deal has been talk- vc
- ed about locally for the past two or th
Le three weeks, but every request for
)f information simply met with the an
M swer, "There is nothing to give out." .
s It is probable that full information as bE
to who the purchasers ~really are and Sc
what they propose to .do with the St
1- properties will be definitely made la
Ly known within the next few days; cer- re
o. tainly before the end of the month. a!
Le It is generally believed that the in
n evitable outcome of the purchase will
i- be the immediate improvement of the
id properties and the extension of the i
l- Augusta-Aiken railway to Columbia. tr
ie The latter project is generally con- N
al sidered not only highly desirable. but c
ce entirely feasible. It is practically con- pC
s- ceded that Redmon & Co. is not the
ie real purchaser of the property, or at
at least, that this firm does not intend in
)y to operate it for itself but is simply
y acting as broker for other parties.
A Reader of The State Asks for Light by
al and Light is Freely Given to Him by
The State. M
ic The South Carolina political cam- C
paign is about half over. In most of sC
- the counties visited, John T. Duncan, D)
an entry for the gubernatorial nomi- ga
ie nation, has spoken, part of the bur- wo
den of his speech being an attack on
a The State and "Gonzales." do
It appears the attempt is made, in te
a more or less incoherent utterances,
to connect "Gonzales" with the Semi
nole company; to induce the public
to believe that "Gonzales" advocated
te the removal of the asylum from Co
lumbia so that he and associates
might buy the asylum property; worth
d $2,000,000, for $(00,000, and alleging Is
dwith more or less directness that
"Gonzales" proposed or planned to
esell to South Carolina for the use of
r the asylum, his farm in Richland
gcounty for $200 an acre when land as te:
Sgood could be got by Duncafi for $10. R.
It is alleged also - that there were is
meetings at- night which were con- ag
spiracies frrobbing the people, ui
tt which "Gonzales" took conspicuous in
Neither The State nor "Gonzales" su
had anything to do with the disbar- d
ment of Duncan by the supreme co
s court. Nor are they responsible for
- the rules of the party gover~ning en- ce
tries in the Democratic primary. Un
s derstanding Duncan's condition, and B
assuming that it was known to the i
Speople of the State, these attacksti
Icaused neither concern nor bitter
ness. Even in this day, one may be
S"arm'd so strong in honesty" that
such allegations from such sources of
e~ pass by "as the idle wind." It was
- thought that all respectable people e
)f would understand.
)- But one reader of The State, T. C. t
E- Covington, of Bennettsville, stands 9
. forth in all South Carolina, asking m
)f for proof of Thb State's integrity; he ne
)- thinks it due The State's readers to a
t, know whether those who assume to bh
C- lead can be vindicated. As Mr. C8v- pr
ington seems concerned he shall not m
>., be denied, and those assailed say to OV
>f him: se
Li, 1st: Neither The State nor "Gon
r- zales" had relations, near or remote, ga
with the Seminole company. ge
2nd: The State advocated the re- le'
- moval of the asylum from the city ki
yr limits of Columbia, suggesting a bond
;h issue to pay for a new modern plant, ra
a and holding that the judicious sale te
o0 of the Columbia property would fur
le nish money for retiring those bonds. er
d It was supposed Iby The State that an
r this property would be placed in the s~
e hands of the sinking fund commis
-sion to be sold gradually to the best lis
1~ advantage of _ the taxpayers. Neither S~
e- "Gonzales" nor, so far as he is in- sa
: formed, any of his "associates" has
never contemplated purchasing the til
to property or any part of it. 0o
in 3rd: Neither The State nor "Gon- Ir
3r zales" has any property in the vicin- s~
se ity of the asylum to be benefited by its ai
ic removal; on the contrary .removing
e- the asylum' from Columbia and open- er
ie ing to improvement and settlement m
tn several hundred acres of land within w
aand immediately out of the city, as e
a- advocated by The State, would haveK
m retarded for years every other sub- 1s
-urban development about Columbia.
iIn several of these suburban develop
1 ments the owners of The State are
-financially interested. The removal: I
cof the asylum1 which was urged by of
ir, The State for the sake-as The State
0- saw it--of bettering the condition of: tb
to the unfortunate insane, and improv-Y
tn ing a large section of the city, would t
e. have caued diret financial loss to al
* oms ownecrs, wit h no fi nancial
4th: If $600,000 or any other sum
is offered for the asylum property
point on which they have no in- I
rmation) neither The State nor
ronzales" had the most remote con
ction with, or interest in, such
5th: The "Gonzales" farm was not,
rectly or indirectly, offered to, or it
ggested by its owner for, occu- bo
ncy by the asylum. It has never
en on the market.
6th: As a member of the executive it
mmittee of the Columbia chamber
commerce the editor of The State
ted authority to the president of
e commercial body to quietly ob- p(
in options on lands suitable for the
ation of the asylum plant, said op
)ns to be held at cost by the cham
r of commerce for the benefit of
uth Carolina, and to -protect tht
ate from exhorbitant charges for B]
nd, should the legislature decide to N
move the asylum oit of the city
d locate near Columbia. al
If anything derogatory to the hon- -
ty, character and unselfishness of
ie State and "Gonzales," alleged or
sinuated by Duncan, is true, its I
ith can be readily substantiated..
)w if this simple declaration fail to
nvince, or the indisposition -on the
.rt of The State and "Gonzales" to .
esent documentary proof be mis
terpreted, the following course of
ocedure- is suggested:
If Mr. Covington or any other
ubter will secure the appointment
any justice of the supreme court,
any circuit judge or by any white
[nisterial Uiion of any city in South
rolina, of a committee of five per
ns to inquire into the charges of
incan, and if any one of these dero
tory allegations against The State
td "Gonzales" is substantiated, The 0J
ate company will pay five thousand -
llars to whomsoever that commit
A. E. Gonzales,
Wm. E. Gonzales,
PELLAGRA NOT DUE TO CORN. te
a Blood Disease-This is Believed aX
to be Proved by Case at Hills
boro, N. C.
Durham, N. C., July 9.-By the sys-.
n of injections into the blood Mrs. ri
M. Baxley, of Hillsboro, N. C., it
reported she was cured of the most Al
gravated case of pellagra coming
der the observation of medical men
The treatment used was such a _
ccess upon her that medical men
ieve it proves that pellagra is a
ease of the blood rather than the bri
asequence of a corn diet. -
'our deaths in one week were re- COl
uatly recorded here. W
rhe treatment employed on Mrs. na.
xley is being tried on other pa- pa:
nts.-Spartanburg Journal. pa2
The Favorite War. - as
[n a sporting resort in the east end g
London a popular Irish pugilist
ts matched against, a burly and clev- D
negro. The Irishman was not a bel
rorite, and his friends bet heavily G
at he would whip his colored op coi
nent. The referee was also an Irish
tn, and when in the first round-the $1.
gro reached the Irish fighter's'jaw
d the latter's head thumped the
ards with a crash that seemed to,
elude further contest the following
mologue by the referee as he stood
er the fallen favorite, counting the
onds, took place:
2One!" (In an undertone to his U
sping compatriot: "Come on, man;J
t up out o' that. Are yez -goin' to
this black son of Ham say he
.ocked yez out?)
"Two! (Wurrah, man, can't yez
ise yourself and listen to what I'm
lin' yez? Come on; get up!)
"Three! (For the sake of yer fath
s that bled on many a field get up
d wipe up the floor with this black
ioke that's grinnin' at yez!).
"Four! (An' sure are yez goin' to
there slapin' while this limb of
~tan takes all the money? Get up, I
y, afore I pull yez up!"
This sort of entreaty continued un
,as the disgusted referee lingered
the final count, the badly dazed
ish pugilist staggered to his feet,
rung wildly at the unguarded negro' Fi
id bowled him over unexpectedly. O
Quick as a flash the ever ready ref
ee sprang to the prostrate colored *.
an, who, though dazed and weak, B
as wildly struggling 'to regain his
t, alid counted:
"One, two, three, four, five and five
ten! You're out, you naygur!"
A Mixed Recipe.
"How do you like my cake, hubby?
ot the recipe from the cooking page
a ladies' journal."
"This cake is full of scraps of
read and bits of feather, my dear.
>u must have wandered over among
ashio hinits"-Louisville Her
Something that Every One
it every one doesn't make I
every time they want it
,cause of the expense and
Duble. Every one can have
every time they desire, with
tle trouble and at trifling
pense, if you will get your
wders from Wilson.
IEAPEST Because It's BEST
EST Because It's CHEAPEST.
Dt only for cream, but for,
I Desserts and Ices. A trial
ill convince you.
. 0. WILSON,
We have just received ship
ent of ligh grade
ie and Two Horse Exten
sion Top Smreys.
Now is your chance of a
etime to get something nice
r your families to enjoy the
t summer evenings. Bet
r than automobiles in safety
me Top and Open Buggies
1 at Prices to suit any one.
SM. EVAs & CO.
A Wild Blizzard Raging.
ngs danger, suffering-often death
o thousands, who take colds,
ighs and lagrippe--that terror of
nter and Spring. Its danger sig- I
s are "stuffed up" nostrils, lower
't of nose sore, chills and fever,
n in back of head, and a throat
pping cough. When gi'ip attacks,
you value your . life, don't delay
ting Dr. King's New Discovery.
ae bottle cured me," wTrites A. L.
nn, of Pine Valley, -Miss., "after)
ng 'laid up' three weeks with
p." For sore lungs, hemorrhages,
igs, colds, whooping cough,
)chitis, asthma, its supreme. 50c.
00. Guaranteed by W. E. Pelham
At the Close of
>ans and discounts S
irniture and Fixtures
erdrafts secured and unse
ands and Stocks
ash and due from'Banks
4 o Paid
B E T V
YOU and SAI
The Fair and S
934 Main Street.
University of South Carolina.
Varied courses of study in Sci
ence, Liberal Arts, Education, Civil
and Electrical Engineering andLaw.
College fees, rooms, lights, etc.,
$26; Board $12 per month. For
those paying tuition, $40 additional.
The health and morals of the
students are the first consideration
of the faculty.
43 Teachei-s' scbola:ships, worth
P58. For catalogue, write to
S. C. MITCHELL, Pres.,
Columbia, S. C.
H. B. WLIS' TRANSFM
Hauls Anything on Short Notice.
Careful and Accommodating Drivers.
Koving Household Furniture a Spec
!UR BUSINESS SOLICITD.
Office Phone No. 61
Residence Phone No. 9/.
Making Life Safer
@verywhere life- Is being made more
safe through the work of Dr. King's
New Life Pills in constipation, bil
tiousness, dyspepsia, indigestion, liv
er troubles, kidney diseases and bow
3 disorders. They're easy, but sure,
mnd perfectly build up the health.
25c. at W. E. ePihamn & Son's.
SUMME R RA TE SA LE
hse are q a y nbautifl ahogany
cSoe fsecond hand ogans taken in ex
Ae imite numbe of slightly used for
Easy terms-to respnsble parties-wil
Pianos an'd Organs FU7LLY WAR RANT-ED.
Malone's Music House, Columbia, S.C.
the Business Nova
rom Report to State Bai
2,275.00 Undivided F
1,758 60 Notes and E
On Savings [
Phone No. 262
Saved at Death's Door.
The door of death seemed ready to
pen for Murray W. Ayers, of Tran
sit Bridge, N. Y., when his life was
wonderfully saved. "I was in a
dreadful condition," he writes, "my
skin was almost yellow; eAs suuk
en; tongue coated; emaciated from
losing 40 pounds, growing weaker
daily. Virulent liver trouble pulling
me down to death' in spite of doc
tors. Then that matchlbss medicine
Electric Bitters-cured me. I re
gained the 40 pounds lost and now
am well and strong." For all stom
ach, liver and kidnfey troubleg
they're supreme. 50c. at W. E. Pel.
ham & Son's. -
3EWBEERY UNIION STATION.
Arrival and Departure of Passenger
Trains-Effective 12.01 A.L
Sunday, July 17, 1910..
No. 15 for Greenville.. .. 8.51 a. m.
No. 18 for Columbia,. .-..11.57 a. m.
No. 17 for Greenville.. .. 2.48 p. m.
No. 16 for Columbia .'.....8.55 p. mn.
C., N. & L.alwisy.
No. 22' for Columbia.. i.. 8.47 a. mn.
No; 52 for Greenville . .. 12.56 p. mn.
No. 53 for .Columbia.. .. 3.20 p. in
*No. 21 for Laurens.. .. 7.25 p. m.
.:Does not i-un on Sunday.
This time table shows 'the times at
which trains may be expected to.de~
part from this station, but their de
parture Is not guaranteed and the
time shown Is -subject to change with.
'G. L. Robinson,
The Heral dand News, one year $1.50;
six months, 75c.; four months'50.
'nber 16, 1909.
'rofits - 27,013.63
J E. NORWOOD,.