The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1900-08-14
THE PEOPLES PAPER
Net Receipts Have Doubled
Since 1895.
This Is the Most Prosperous Year of lis History
II Grows in Favor with the People
All The Time.

The annual meeting of the stockholders
OF the News and Observer Publishing
Company was held at the office of the
company yesterday afternoon.
Mr.. W. N. Jones presided and Mr.. II.
w. jackson was secretary. large ma
jority of the stock was represented in
person.
The directors elected for the ensuing
year were Messrs. c. NJ. Busbee, N. B.
Broughton, r. T. Gray, w. N Jones, A.
w. Haywood, Cary J. Hunter, and H. W.
jackson. all of whom are members of the
old board of directors.
Mr.. Josephus Daniels, president of the
company, made his annual, report which
is the best in the history of the company.
The three papers published by the com
pany-the Daily News and Observer, the
Weekly North Carolinian. and the Week
ly Farmer and Northumberland a larger
circulation than at any time in their his
tory and the circulation of each is steadily
increasing. The advertising patronage
during the past year was larger than ever
before, and in every respect the business
of the company is in better shape than
ever before.
The present News and Observer Pub
fishing Company organized in August,
1894. In the year from August 1st, 1894, to
August LIST, 1895, the cash receipts aggre-
gated $27, 13048. During the past year,
from August 1st, 1899, to August, 1900,
the cash receipts from all sources ag-
gregated $54, 1926, lacking only a few
dollars of being twice as much as in the
first year Of the present management.
Then the News and Observer had decent
railroad schedules and Raleigh had no
other morning paper Now, with every
| schedule ruinous to Raleigh paper, the
| business of the News and Observer has
| steadily grown. With even half way fair
| schedules, the people would take twice as
| many news and Observers as are now
published.
From the report of the president to the
| stockholders, we make this extract:
But | am sure that the stockholders
| will be equally gratiied at the usefulness
| of the paper. In no instance has the
| management permitted a desire to make
money control or influence the editorial
| utterances Of the paper. 1t has been
outspoken in advocacy of the causes
| deemed for the public good and in OPP
| position to those causes it deemed hurtful
to the welfare of the State and it's people,
| 1t has sought to illustrate the best type
| of the party organ, laboring to make the
| party the instrument for all measures
| that work for the betterment of the peo-
| pie. 1t has courted no powerful or strong
| influence because it was powerful or
! strong, but has depended solely upon the
| support of those who wish to see in the
| States capitol a morning daily that has
| no back door influence and that has no
| source of income except the receipts from
| legitimate business. 1t has been very
| gratifying to the directors and officials
| and employees of the paper that the peo-
| pie of the State have shown by their
| steadily increasing patronage their faith
| in and appreciation of the News and Oh
| server as it has been conducted. There
| are important improvements in contem-
| plation to be made during the coming
year which will make the paper more
worthy of the support of it's army of de-
| voted friends.
1.-THE efficiency and ability of the entire
| force cannot be too highly commended All
| have labored diligently and with zeal tC
| attain the results which are presented
above, and to their unselfish and untiring
| labors the success of the paper is due.
ct is believed that the paper never
| had SO firm hold upon the confidence OF
| the people as now In the recent cam
paign, which closed VIGOROUSLY for the
cause advocated by the News and Obser-
yer, the people have shown high appre-
citation of the effectiveness OF the pa
| pers published by this company. 1t led
always and never followed, and gained the
| expressed gratitude of members of the
| victorious party and the opposition and
| criticism of the members of the defeated
party. In the presidential campaign that
is now on. the News and Observer will
seek to be as effective for the preserva-
ton Of the Republic as the fathers estab-
| lished it as it was in the State campaign
for intelligent rule and good government
in North Carolina
'For the confidence reposed in me as
| president of the company and editor in
chief and the assistance and cooperation
of the stockholders l render my sincere
thanks, and shall seek to show my ap-
probation by fuller conservation of my
life to the upbuilding of the interests Of
the company"
RAILROAD TAXATION CASE