The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-05-25
INDIVIDUAL OPINION.

Some manufacturers of the State, and
some others, are complaining at the new
revenue act-saying that it works hard
ship on corporations of all sorts, putting
them in some respects at a disadvantage
by making them open up their books to
the tax lister in answer to certain ques-
tions required to be asked and answered
questions to which the individual or
partnership is not subjected. They argue
that this will result in driving capital
from the State ON the one hand, and in
discouraging men of limited means unit
ing together to build factories or start
other enterprises that no one of them has
the money to start. In proof of this the
recent incorporation of the Washington
mills under the laws of New Jersey with
So. $50 900. by Frank H. Fries, W. c. Ruff
fin, Clement Manly, John w. Hanes and
Robert H. Kicks, is pointed to. These
gentlemen, all North Carolinians, have
in view the erection of a cotton mill in
the South Frank Fl. Fries is member
of the firm running the Arista cotton
mills, Winston Salem, n. c., and is pres
ident of the Avalon mills and the Mayo
mills at Mayodan. N c.; W. c. Ruffn
is treasurer and superintendent of these
two mills.
A correspondent writes from Angler,
Wake county, as follows concerning pro-
eress and events in that section:
This is a real modern town. Every
body has a large farm bell to ring them
selves up by. Jake Williams, our mayor,
wanted to kill a shoat this morning and
in order to give due notice arranged the
~. fxNf. - no
up with his own bell the chiefs brother
and some other live business people to
help Stay the shoat.
1.-THE huckleberry crop in this section
is the finest since the PHILIPPINE war
started There are rumors of a large
berry combine, not only to control prices
but to regulate labor. The land owner
will let anybody keep half the berries they
pick, or take half price for the whole
lot. Sampson and Harnett are to control
the out and in-put of huckleberries, big
blues only to count-and Johnston county
is to manage the blackberry crop. The
trust is on the lines of the coffee and
sugar combine
Two bucket shops ran against two Tar
Heels who gave them bad jar, if reports
frail foundation on which the present
boom in stocks is based. The story OF
these two Tar Heels is that one of them,
a bar keeper at Reidsville saved up $40
and bought with it at a bucket shop an
option on twenty shares of Northern Pa
cifc stock, then selling for little above
par Jew clothing dealer in Greensboro,
said to be worth $500, bought a hundred
shares and put up 800 margin. Then this
stock began to soar and scared so high
that it took the breath away from even
the most experienced New York stock
broker-going even into the thousands.
AS it rushed upward the two Tar Heels
above named were called for more margin
to protect their contract-the bar-keeper
for $23, 900 and the Jewish clothier for
$4,000.
This is the way the story goes, and
those who tell it say it's true. But
wether true or not it illustrates.
Il notice." said Mr.. James H. Pou yes
terday, "that McLaurin said in his Green
Vile, S. c., speech that he sold his cot
ton last year at II cents. Thereby hangs
a tale. I'll tell you how he got it. He
sold to the Round Bale Trust. It's on
record, but he failed to tell his Greenville
hearers about it,