davidaulloa/AmericanStories huggingface dataset:
The age-herald., 1901-09-08
ARTICLE XIII. Banks and Bankino.

247. The Legislature shall not have the power to establish or incorporate any bank or banking company, or moneyed institution, for the purpose of issuing bills of credit, or bills payable to order or bearer except under the conditions prescribed In this Constitution.
 248. No bank shall be established other wise than under a general banking law, nor otherwise than upon, a specie basis; provided, that any bank may be estab- hshed with authority to issue bills to circulate as money In an amount equal to the face value of bonds of the United States, or of this State, convertible into specie at their face value, which shall, before such bank is authorized to issue it's bills for circulation, be deposited with the State Treasurer, or other depository prescribed by law, in an amount equal to the aggregate of such proposed issue, with power in such Treasurer or deposi- tory to dispose of any or all of such bonds for a sufficient amount of specie to redeem the circulating notes of such bank at any time and without delay, should such bank suspend specie pay 'ment or fail to redeem its notes on de- mand.
 249 All bills or notes issued as money shall be at all times redeemable in gold or silver, and no Jaw shall be passed sanctioning, directly or indirectly, the suspension by any bank or banking com pany of specie payment.
 250. Holders of bank notes, and de- positors who have not stipulated for in terest, shall, for such notes and deposits, be entitled In case of insolvency, to pref erence. of payment over all other cred itors provided; this section shall apply to all banks, whether incorporated or not.
 251. Every bank or banking company shall be required to cease all banking ops erations within twenty years from the time of its organization, unless the time be extended by law, and promptly there after close its business; but after 1t has closed its business 1t shall have corporate capacity to sue and shall be liable to suits until its affairs and liabilities are fully closed.
 @2 No bank shall receive, directly or indirectly, a greater rate of interest than shall be allowed by law to individuals for lending money.
 253 Neither the State nor any politi- cal subdivision thereof shall be a stock holder in any bank, nor shall the credit of the State or any political subdivision thereof ever be given or lent to any bank Ing company, association or corporation.
 254 The Legislature shall by appropri- ate laws provide for the examination by some public officer, of all banks and banking institutions and trust companies engaged in a banking business in this State; and each of such banks and bank ing companies or institutions shall, through It's president or some other off, cer as the Legislature may designate. make a report under oath of it's resources and liabilities at least twice a year.
 255 The provisions of this article shall apply to all banks except to national banks, and to all trust companies and in, diyiduals doing a banking business, whether incorporated or not.
The age-herald., 1901-09-08

the time prescribed by law. they may be appointed by the Governor.
 274. Volunteer organizations of the in- fantry, cavalry and artillery and naval militia may be formed in such manner and under such restrictions and with such privileges as may be provided by law.
 275. The militia and volunteer forcea shall, in all cases, except treason, felony and breach of peace, be privileged from arrest during their attendance at mus ters parades and elections, and in going to and returning from the same.
 PFC. The Governor shall. with the ad- vice and consent of the Senate, appoint all general officers whose term of office shall be four years. The Governor the generals and regimental and battalion commanders shall appoint their own staffs as may be provided by law.
 2T7 The Legislature shall provide for the safe keeping of the arms. ammuni- tion and accoutrements and military rec ords, banners and relics of the State.
 PTS. The officers and men of the militia and volunteer forces shall not be entitled to or receive any pay, rations, or emolu- ments when not in active service.
The age-herald., 1901-09-08
ARTICLE XVII.
Miscellaneous Provisions.

2SO. No person holding an office of profit under the United States, except postmasters, whose annual salaries do not exceed, two hundred dollars, shall during his continuance In such office hold any office of profit under this State; nor. unless otherwise provided in this Con- stitution, shall any person hold two of fees of profit at one and the same time under this State. except Justices of the Peace, Constables, Notaries Public and Commissioners of Deeds.
 2Sl. The salary, fees or compensation of any officer holding any civil office of profit under this State or any county or municipality thereof. shall not be in- creased or diminished during the term for which he shall have been elected or appointed.
 lature to enact all laws necessary to give effect to the provisions of thIs Consti- tution.
 2S3 The act of the General Assembly of Alabama, entitled An act to consolidate and adjust the bonded debt of the State of Alabama" approved February IS, 1895, and an act amendatory thereof entitled "An act to amend Section of an act to consolidate and adjust the bonded debt of the State of Alabama, approved Feb ruary IS, 1885," which said last named act was approved February Is. 1899, are hereby made valid, and both of said acts shall have the full force and effect of law, except insofar as they authorize the redemption before maturity of the bonds authorized by said acts to be issued. The Governor Is authorized and empowered to act under the same and to carry out all of the provisions thereof, provided. that the bonds authorized to be issued hereunder may be made payable at any time not exceeding fifty years from tho date thereof, and shall not be redeemable until after their maturity.
The age-herald., 1901-09-08
ARTICLE XIV.
Education,

256 The Legislature shall establish or
 ganize and maintain liberal system of public schools throughout the State for the benefit of the children thereof be- tween the ages of seven and twenty-one
 years. The public school fund shall be apportioned to the several counties in proportion to the number of children Of school age therein, and shall be so appor- toned to the schools in the districts or townships in the county as to provide. as nearly as practicable, school terms Of equal duration in such school districts or townships. Separate schools shall be provided for white and colored children and no child of either race shall be per mitted to attend a school of the other race.
 from the sale or disposition of lands or other property, which has been or may
 hereafter be granted or entrusted to this
 State or given by the United States for
 educational purposes shall be preserved
 inviolate and undiminished; and the in
 come arising therefrom shall be faithfully
 applied to the specific object of the orig
 inal grants or appropriations.
 |, 25S All lands or other property given by individuals, or appropriated by the State for educational purposes and all estat ss of deceased persons who die with
 out leaving will or heir, shall be faith fully applied to the maintenance of the
 public schools.
 259 All poll taxes collected in this
 Stats shal be applied to the support of
 the public schools in their respective coun- ties where collected.
 26o The income arising from the six teenth section trust fund. the surplus rev enue fund, until it is called for by the United States government, and the funds enumerated in sections 2S6 and 257 of this constitution, together with special an-
 nual tax of thirty cents on each one hun F. IL txx kI-tr State which the Legislature shall levy
 shall be applied. to. the support and main tenance of the public schools, and 1t shall be the duty of the Legislature to increase the public school fund from time to time as necessity therefor and the condition of the treasury and the resources of the
 State may justify; provided. that nothing herein contained shall be so construed as to authorize the Legislature to levy in any one year greater rate of State tax ation for all purposes, including schools, than sixty-five cents on each one hun | dred dollars of taxable property;
The age-herald., 1901-09-08
THE AGE-HERALD, SUNDAY. SEPTEMBER 8, 1901

unjust discrimination on the various rail- roads, canals and rivers of the State and to prohibit. the charging of other than just and reasonable rates, and enforce the same by adequate penalties.
 s PA. No railroad or other transportation company or corporation shall grant free passes or sell tickets or passes at a dis count. other than as sold to the public generally. to any member of the Legis> lature, or to any officer exercising judl- cial functions under the laws of this State; and any such member or officer re- ceiving such pass or ticket for himsels or procuring the same for another shall be guilty of misdemeanor, and upon conviction shall be fined not exceeding five hundred dollars and at the discretion n of the court trying the case, in addition to such fine may be imprisoned for a term not exceeding six months, and upon conviction shall be subject to impeach- ment and removal from office. Tho courts having jurisdiction shall give thls law specially in charge to the grand ju- ries, and when evidence is sufficient to authorize an indictment, the grand jury must present true bill. That the Cir cult Court or any other Court of like ju- risdictfon in any county into or through which such member or officer is trans ported by the use of such prohibited pasS or ticket, shall have Jurisdiction Of tho case, provided, only one prosecution shall be had for the same offense; and, pro- v!ded further, that the trial and Judgment for one offense shall not bar a prosecu- tfon for another offense when the same pass or ticket Is used; and, provided fur ther, that nothing herein shall prevent a member of the Legislature who Is a bona fide employe of a railroad or other trans poration company or corporation at the time of his election; from accepting or procuring for himself or another. not a member of the Legislature or officer ex- ercising Judicial functions. a free pass over the railroad or other transportation company or corporation by which he Is employed.
 245. No railroad company shall give or pay any rebate, or a bonus in the nature thereof, directly or indirectly. or do any act to mislead or deceive the public as to the real rates charged or received for freights or passage; and any such pay ments shall be illegal and void. and these prohibitions shall be enforced by suitable penalties.
 A6. No railroad canal or transporta- tion company in existence at the time of the ratification of this Constitution shah have the benefit of any future legislation by general or special laws other than in the execution, of trust created by law or by contract, except on condition of complete acceptance of all the provisions of this article.
The age-herald., 1901-09-08
ARTICLE XIV. Militia, Etc.

21. The Legislature shall have power to declare who shall constitute the mil itia of the State. and to provide for or ganizing arming and disciplining the same and the Legislature may provide for the organization of a State naval militia
 PIP. The Legislature, in providing for the organization, equipment and discip- line of the militia, shall conform as near ly as practicable to the regulations for the government of the armies of the United States.
 13. Each company and regiment shall elect its own company and regimentai officers; but if any company or regiment shall neglect to elect such officers within
The age-herald., 1901-09-08

and Covington.
 Eighteenth District-Bibb and Perry. Nineteenth District-Choctaw, Clarke and Washington.
 Twentieth District-Baldwin, Escambia and Monroe.
 Twenty-6rst District-Marengo. Twenty-second District-Wileox. Twenty-third District-Dale and Gene va
 Twenty-fourth District-Barbour. Twenty-fifth District-Coffee, Crenshaw, and Pike.
 Twenty-sixth District-Bullock and Ma con.
 Twenty-seventh District-Lee and Rus sel.
 Twenty-eighth District-Montgomery Twenty-ninth District-Cherokee and DeKalb.
 Thirtieth District-Dalas. Thirty-first District-Colbert, Franklin and Marion.
 Thirty-second District-Greene and Hale Thirty-third District-Mobie Thirty-fourth District-Cleburne, Clay and Coosa.
 Thirty-fifth District-Henry.
The age-herald., 1901-09-08
ARTICLE XVI.
Oath of Office,

279 All members of the Legislature, and all officers, executive and judicial, before they enter upon the execution of the duties of their respective offices, shall take the following oath or affirmation:
 'I ----, solemnly swear Cor af- firm, as the case may be,) that will sup port tho Constitution of the United States. and the Constitution of the State of Alabama, so long as continue ct- izen thereof; and that I will faithfully and honestly discharge the duties of the office upon which I am about to enter. to the best of my ability. So help me God"
 This oath may be administered by tho presiding officer of either House of the Legislature, or by any officer authorized by law to administer an oath.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-10-24
SALE OF LAND.

Under and by virtue Of authority con-
ferred upon me in certain Deed OF
Trust recorded in the office of the Regis
ter of Deeds for Wake county, North
Carolina, in book 14S, page 142, | will
offer for sale at public auction to the
highest bidder for cash at the Court
House door in the city OF Raleigh, N, c.,
at II m. o'clock on Monday, the 4th day
of November, 1901, the following describ-
cd land, to-wit: Tho tract or parcel OF
land lying and being in the city OF Raj
eigh and bounded as follows: Beginning
ON the East side of Blount street Tex
tended towards Benson's old residence)
at the Northwest corner of this and the
Southwest corner of the lot owned by
Shaw University and running nearly East
along the dividing line between the two
lots, one hundred and forty feet, thence
nearly South a line perpendicular to the
first line, fifty-three feet. thence nearly
West a line nearly parallel to the first
line one hundred and forty feet to Blourt
street, thence nearly North along Blount
street to the beginning, containing one
fourth of an acre. moro or less.
w. p. BATCHELOR, Trustee.
This 3rd day Of October, 1901.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-10-24
SPECIAL RATES.. A. L.

Charlotte, N. c., October 22nd, Synod
of the Presbyterian church in North Car
DINA. On account of the above occasion
the S. A. l.. Ry. will sell tickets from
Raleigh, N. c., for $3.50 for the round
trip. Dates of sales, October 21-22 and
23rd final limit October Goth.
Raleigh, N. c., 1926 North Carolina
State Agricultural Fair. On account of
the above occasion the S. A. l.. Ry. will
sell round trip tickets to Raleigh, n. c.,
from points along it's line in Virginia
and North Carolina at one frst-class fare
for the round trip, plus so cents admis-
sion to Fair grounds. Tickets on sale
October 10th to 26th inclusive. final limit
October 2Sth.
B. II. BURROUGHS, A. C. P. A,
Raleigh, N. c.
II. s. Lizard, T. p. A.,
Raleigh, N. G.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-10-24
5sEABoARD STOCKS AND BoNDs.

BALTIMORE, Oct. q : Seaboard Air Line
c,niinon .614@2dss preferred 50as0i0H
Bopds-4's S2as0S91s
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-10-24

broad and prices as a rule advanced.
Total sales (par value) St.G10,0oo.
United States refunding rs advanced a
and the old As Is per cent on the last
call.
The total sales OF stocks today were
1872, 400 shares, including the following
Atchison. 22,200; Atchison preferred, g.
700; Chicago and Greatwestern, 80 400; G.
C. C. and st. L., 1850; Erie. 1890; Mis-
souri, Pacific, 20,6Go; New York Central,
$500; N. and W., $500; Pennsylvania,
3S 900; st, Paul, 146.100; Southern Pa
cific, SO, 300; Southern Railway, $500;
Union Pacific, 29,400 Copper. 42,1Oo B.
r. r., $500; Sugar, 900; Peoples Gas,
$500; U. S. Steel, 5000; L. s. Steel pre-
ferred, 10000.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-10-24

oversold corn market brought strength
to grains today. December corn closed
1hc higher; December wheat 1.c adj
vance and December oats &c up. Provis
ions closed 2la to to 71ac higher.
Leading futures ranged as follows:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-10-24
STOCKS AND BONDS.

New York, Oct. 23.-Speculative activ-
ity today was largely confined again 10
few stocks, but the field of action
shifted from the Vanderbilts aud Chi
cago and Northwestern into st. Paul,
Union Pacific and Southern Pacific. An
overwhelming proportion of the day.
total business was in these three stocks.
The aggregate dealings rose considerably
over those of recent times, and as the day
progressed the market showed broad
ening tendency in sympathy with the sds-
tanned strength of the three leaders. chi
cago Great Western came conspicuously
into the movement later in the day and
achieved an extreme advance of 2Ss on
very heavy dealings, closing at the high
est. Other stocks reacted somewhat from
the top, influenced partly by freak OF
Az in Chicago and Northwestern pre-
ferred, st. PauPs extreme rise was 3
Noints, Union Pacific "a and Southern
Pacific a point. Among the stocks TO
come forward late in the day were men,
bers of the soft coal group and the South
westerns with gains of / to 112. Sugar
was also quite notably strong rising ~
and International Power advanced 2h.
The early weakness of the market was
quite generally overcome by the late adj
vance. Amalgamated Copper. which fell
two points in the morning, closed with a
net loss of only Is. There were some
very large selling orders in the stock and
it was affected bv rne weakness of cop
per in London. The local fractions and
Peoples Gas were also prominent in the
early depression. Glucose fell 21A and
the preferred under raids by the bears,
and Hooking Coal was forced down II,
with a subsequent recovery. There was
some continuance in the early dealings
of yesterdays strength in the Wander
bits, New York Central rising 17, Chi
cago and Northwestern 3 aud the ire
ferred ga but the movement was not
continued after the reaction in the mar
ket There was no specific news to &C
count for the action, but it was undoubt
edly based upon the assumption that the
negotiations now IN progress viii re-
suit in the. settlement of the Northern
Pacific controversy with benefit to the
whole Trans Continental Railroad situa-
ticn. The apparent contradiction found In
tho insistence on the retirement of Pacific
preferred and the broad intimation from
President Hill that Great Northern is tt
be consulted in the matte OF control Of
Tire Burlington system as well as North
ern Pacific created no disturbance. These
irisistences are regarding as the vantage
ground to be shrewily held, while the TO
cess of bargaining is still going as it I'M
doubtedly is. Burlington was quoted in
the closing Mt 100 TO to3
The exchanges market was somewhat
easier today notwis'' ~+>-''i"e .hc adeance
in London discount on account of the loss
of more than $2,ooo.noo in gold to tne
coLtinent.
The bond market was quite active AMI
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-10-24
NORFOLK PEANUT MARKET.

NORFOLK. Va. Oct. % Peanuts dull. fancy
2A strictly prime, IN, prime, 3@2A: com
mon, ;low Grades lh0las machine picked.
Ih01IA Spanish 7oQ77c per bushe
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-10-24
LITTLE TRADING
i, AND Low PRICES,
Early English Cables Were
] Encouraging.
LATER THEYB BEGAN TO SAG
This Was Caused by the Tendency
] Here to Decline.
SPLENDID REPORTS OF DRYG00Ds TRADE
Sp cuIatiye Activity Largely Confined 10 Few
Stocks, St. Paul, Union Pacific and
Southern Pacific the Leading
Securities Dealt In.
This Was Caused by the Tendency
Here to Decline.
SPLENDID REPORTS OF DRY GOODS TRADE
(By the Associated Press.)

New York, Oct. 23.-The general de-
mand has been moderate today for cotton
goods. Mems wear wooden and worsteds
inactive. Prices unchanged. Wooden and
worsted dress goods quiet. Dealers had
no difficulty in disposing of brown cot
ton goods
COTTON.
New York, Oct 23.-The cotton market
opened steady with prices two points
higher to two points lower and followed
a narrow course all LAY with the general
tendency downward under absence of BIS
mess. Commission houses were bare Of
orders and room operators sold out as a
matter of precaution. The early English
cables were very encouraging, but find
ing our market predisposed to ease off
Liverpool sagged and finished the Cay at
net decline on most options. Receipts
were very large and crop reports were
more favorable. Reports stated that re-
cent fine weather conditions have benefit
ted late cotton in some sections, serving
to allow housing of early cotton i'll prime
condition The weather forecast gave no
indication of frost within the next few
days: demand for spot cotton was about
equal to offerings, but no more. Splendid
trade reports from all dry goods markets
here and in some parts of Europe did
not cut much figure as an influence. At
the close of the market it was barely
steady with prices net 5 to points low
er. Total sales for the day were the
smallest of recent times, estimated at
about fifty thousand bales.
NEW YORK
NEW YORK, Octt % Cotton futures opened
barely steady.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-10-24
NAVAL sTnpEs

WILMINGTON. N. c., Oct 23-Turpentine
steady at $685. receipts 20.
Rosln firm at aO195c. receipts 3s.
Crude turpentine firm at 81, 2OC1,s 90. receipts
81 barrels.
Tar firm at at sl.25: receipts 1871
SAVANNAH Ga, Q I. % -Turpentine firm al
36@36A; receipts l,sll: sales 743 exports =.
Rosln nrnl, receipts 1906: sales 1900; ex-
ports 200.
Quote: A, d, G, SIoo; D, sl.o); f, s1.o5. F
sl.l0 g, sl.l5: H, SIPS; l. si.3a: X, Sis; M
s2.35; N, $3.50; G, $3.50; w ". 1850
CHARLEsroN, S. @, Oct 30 Turpentine
firm at 3oA recetpts -. sales exports
Rosin nrin; receipts -; sales 1859; exports
Quote A, B. G. Sl.oo; D. 800; E, 81. o5; r, 81 10,
2.75; VIC s.. Is: w W, $3.50
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-10-24

RALEIGH SPOT COTTON MARKET.
Raleigh, N. c., Oct. 23.-very little cot
ton was offered on the market here to-
day though more than this day last year,
and with the day the price again lowered,
the quotations being 7a4 to 13-16c.
Receipts today. ........... II bales.
Prices today ................. 7A017 3.l6
Keca ipts this day last year. ba es.
Price this d last year. SA@9
Receipts this season . $500. 2 81, bales
ceipts last season to thus date. -. o,9ct
OTHER COTTON MARKETS.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-10-24

For LaGrippe and IofluenZa
use CHENEY'S EXPECTO-
RANT.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-10-24
SPECIAL NOTICE.

A strictly temperate and pious young
man, who is full graduate in banking,
commercial law, penmanship, CONNER
cial correspondence and bookkeeping
desires a position with reliable nrih
or corporation. Seven years practical
experience, five years with present eHi'
ployers, to whom references Will pe
given. Reason for changing is locatloh
address IL. e. r." care News ana 90
server.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-10-24

LIVERPOOL.
LIVERPOOL. Oct. eat p. NJ Spot cotton,
small business; prices urn; American miduiin.
fair : Lied; good middling AZ ;miduing lad;
low midding 4ssl good ordln Try l5-32d; o.
du airy 8 32d.
Inc sa es ul the day were 5000 bales Of which
500 were for speculation and export, and includ
ed $500 American. Receipts 1900 bales, includ-
ing 1900 American,
futures opened quiet and closed quiet
y A,or;can o;ddinO O. n Z. low middlinV
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-10-24
GRAIN AND PROVISIONS.

Chicago, Oct. 23.--Light offerings il an