davidaulloa/AmericanStories huggingface dataset:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28

still continued to be greater than all other
banks in Wilmington combined. The Bank
continues to pay to its stockholders
monthly dividends of ] per cent, making
a total for the twelve months OF $780,
10000 paid to them in dividends since or
ganization. This is the only bank in
North Carolina paying monthly dividend
of / per cent, and Is the only one ever
declaring a dividend of 80 per cent on the
capital stock.
The last published statement OF the At
lantic National Bank showed deposits
amounting to $1,513 100000, which is far
in excess of any other bank in the en-
the State. When it is considered that
the last instalment of its capital stock
has been paid in within less than eleven
years, the record is without a parallel in
the history of Banking in the Southern
States, and an unusual feature of the At
lantie National Bank is that no interest
is paid by it on any form of deposit. The
Bank confines itself strictly to a general
banking business, though it is foremost
at all times in offering its services in
aiding its patrons in every legitimate and
orthy Undertaking, and has always been
identified with any progressive move call
| ing new enterprises into the life OF Will
n ington or that section OF the State.
Mr. Armstrong, the President was orr
ginally from Culpepper, Va, and his ex-
perience in banking is perhaps the most
brilliant record of any bank president in
tie State. He was president of the
Farmers and. Merchants Bank of Tempe,
Arizona, and from that bank came to
Wilmington as President of the National
Bank of Wilmington in 1894. He was the
moving spirit which combined the Ma
tional Bank of Wilmington and the At
lantic National Bank in 1902, and today
is the principal stakeholder in the con
solidated organization. He is Vice
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
ATLANTIC NATIONAL BANK BUILDING.

Gerry Company; G. w. Yates, of G. w.
Yates Company, wholesale and retail
dealers in books and stationery; N. A.
Hunt, of Charleston, S. c., capitalist and
at the head of an enormous shoe estab-
hshment; R. A. Postley. prominent lum-
herman; Duncan McEachern, wholesale
grocer and chairman of the Board of
County Commissioners of New Hanover
county; NJ. j Heyer, capitalist and Presi-
dent of the Atlantic Trust and Banking
Company; j. G.. l.. Geischer. Hotel pro-
prietor; Andrew Moreland, Cashier; John
S. Armstrong, President.
Mr.. Andrew Moreland, Cashier of the
Atlantic National Bank, is one of the
most progressive business men in Will
lnington. He is actively interested IN
every undertaking which means progress
and development His wonderful banking
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28

the National Bank of Wilmington. and
Mr.. j. w. Norwood retired from all con-
nection with the consolidated bank, and
the following officers were elected to
manage its affairs:
John S. Armstrong, formerly president
o. the National Bank of Wilmington,
President: Andrew Moreland. Cashier; J..
w. Yates, Assistant Cashier. Under this
management the previous phenomenal
success of the Bank has been more mark
ell than ever In January 1902, the record
breaking year. cash dividend of so per
cent, amounting to So. 10000, was paid to
the stockholders out of the earnings. The
strength of the Banks surplus, etc, was
in no way impaired by the payment and
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
THE HUTCHINSON NAT IoNAL BANK BUILDING

financial institutions of the Cape Fear
section.
Throughout the entire history of the
State, Wilmington has been the leading
banking city. In the early days it had
branch banks of its chief banking house
as far west as Asheyille and as far east
as Washington 1t still retains its pri-
macy and the Murchison National Bank
sets the pace by securing more than one
million dollars of deposits in its short
history of three years.
The name of Murchison has for genera
tions been identified with all that was po-
tential in the advancement of the mate
rial interests of the city of Wilmington,
as well as with everything that was a
true expression of the city's refinement
and culture. In business it has always
been a name that needed no backing to
strengthen its credit, and in the indus,
trial development of the city and pro-
gfessive undertakings that were safe and
conservative it has never failed to be
found among the foremost.
During all the years that Wilmington's
banking interests were steadily developing
and spreading as they reached into new
fields, the banking business of Murchison
and Company was rapidly growing into
larger proportions, until finally four years
ago it became necessary for them to do
something to give themselves greater
scope to exercise their increasing useful
ness, and serve more readily their large
number of customers
The Murchison National Bank was the
outcome of this necessity, and the result
has shown conclusively that the need felt
was not an imaginary one.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
The Atlantic National Bank.

President of the Peoples Savings Bank,
Of Wilmington, and is interested in a
number of other banks in this State and
in South Carolina. Mr.. Armstrong is
identified with every progressive and eri-
terprising movement. This qualification
in business characterizes every director
in the Atlantic National Bank, the mum
Der including the names of William
Calder, one of Wilmington's wealthiest
citizens and of the firm of Calder Broth
ers; George r. French, of George X.
French & Son; II. B. Short. of Lake Wac
eamaw. N. c., successful manufacturer
and lumberman: James III. Chadbourn
President of the Chamber of Commerce of
Wilmington, capitalist and one Of the
biggest lumber dealers in the State; Viii
liam e. Worth, the leading ice manufac-
turer OF the South; H. L. Vollers, whole
sale grocer and one of the most promin-
ent Germans in this State; Gabriel
Holmes, President of the Holmes Gro
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
Wilmington Saving
and Trust Co.

The Wilmington Savings and Trust Com
pany was established in 1888. with q
capital stock of $25,OOO.OO. and with ].
w. Atkinson as president, Henry Walters.
yice-prssident, and w. P. Toomer. cashier
In 1892 the stockholders were assessed so
per cent and the Bank began new life
with j. w. Norwood as president; Henry
Walters. president, and James s.
Worth as cashier. Upon the death OF
Mr. James S. Worth, a change was neceg-
STATED in the cashiership. and after one
other successor, Mr.. Charles E. Taylor.
the present cashier. took charge with Mr..
Alva Ward as teller.
The comparative statement showing the
progress Of this bank is one Of the most
remarkable ever known. In 1892 the de-
posts aggregated $SS,OOO.0O, the profit so-
count $4,000. and the stock was selling
ter, in 1903. the deposits have passed 81
LSz, 100000, the profit account shows $6S,-
564.O5. and the bid of $4,000 is made on
the stock, with none for sale.
The Wilmington Savings and Trast
Company conducts a strictly savings
bank business without much regard to
the trust feature. 1t receives deposits
from twenty five cents up and pays in
terest at the rate of per cent annually.
compounded quarterly.
The president, Mr.. ]. w. Norwood, is
president of the Bank of Greenville, S.
c., and he organized and managed until
1902 the Atlantic National Bank of Will
mington.
Mr.. Harry Walters, the vice-president
of the Savings and Trust Company, ia
president of the Atlantic Coast Line Rail-
way.
The cashier. Mr.. C. e. Taylor, is the son
or DR.. c. E Taylor, president OF Wake
Forest College. President Norwood il
also president Of the Blue Ridge National
Bank, of Asheville. and is interested in
various other banks in North and South
Carolina.
The directorate incluIes the names of
the officers mentioned and of T. " Grain
ger. cashier Of the Murchison National
Bank; Donald MacRae. secretary and
treasurer of the Wilmington Cotton Mills;
y w. Yates. assistant cashier of the At
lantic National Bank; Daniel o Conner.
real estate; H. l.. Vollers, wholesale com
mission merchant, and N. B. Rankin.
president of the Wilmington Underwriters
Insurance Company.
The Bank is in its quarters at No 10S
Princess street, where many improvements
have been made so as to provide for the
pr oper care of the increased and largely
growing business OF this safe institution.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28

100 per cent?. record probably not sur
passed by any bank in the United States.
The following statement. condensed from
the report furnished to the Comptroller Of
the Currency on the 9Th day of June, 1903,
shows the condition OF the bank:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
The MurchisOn National Bank.

The President of this strong bank is
Mr.. H. c. Mcqueen, long leader in bust
ness and commerce In Wilmington. He is
gentleman of financial ability of high
order, of excellent judgment, wide knowl-
edge and broad comprehension OF the
functions Of banking. He stands among
the foremost in promoting all measures of
progress that have been inaugurated in
Wilmington and have increased the com
mrecial and manufacturing Importance of
North Cardinals chief city
The Cashier of this bank is Mr.. ]. ".
Granger, whose long experience, thorough
knowledge Of the community and the sec
ton, unfailing courtesy and popularity
make him an ideal bank officer He comes
of a banking family that has long had
much to do with the direction OF the
The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1903-08-18

Clarence II. Poe. OF the Progress. re
Farmer. who returned 10 Rale'gt ye-ter-
cav from Hill-boro. The representation
vas larger Ia-t year than the year be-
fore. ana larger this year than last.
Counties. reported III which the order had
previously suspended ana the delegat-
were jubilant over the outlook. ine~-
DAYS attcndance-at the open session
YEAS much larger than the nail could ac-
c~ommodate. and the spceche, Of Nt--r~.
BUrEett. Kilgore. stevens, NIaddry, aGtes
and Graham were highly IIactIcai and ln-
StTuctIvc. The tobacco farmers present
were much troubled by the ruInous prices
offered for their product, but their action
was busine~s-hke, not radical. More mon
ey vii be spent in the work OF lectuFlng
and reorganizing during 1.-The ensuing
twelve months than for any other like
period since headquarters were c~taD-
l-hed at Hillsboro. Lecturer Gates VIII
be kept in the field nearly all the tlme.
and he is q successful worker. Hes q
gcnius-can tell a stamp story ike Vance,
ana is safe and lev~eEheaded. The new
president i one OF the States best knoWn
educators. a swell a a good farmer.
Vlce-pre.idant Edgerton j one of the
largest tobacco growers in Franklin couu
ty. We have made steady progress slncc'
our last meeting, and we expect TO accom-
plish much more this year"
The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1903-08-18

ture. # there Is TO be life and growth.
Let Us work together and join hands ani
hearts IN our best efforts to advance the
interest Of each other and the Order. Let
Us be mindful of the responsibilities rest
ing upon us as he legislators of he Alliance
in, the state.
I am pleased to note that our lecturers
have re-organized a considerable number
OF sub-Alliances during the year, which has
resulted in adding to our roll several coun-
ty Alliances previously defunct. The re-
ports of your Business Agent, Secretary
Treasurer and Lecturer will reveal their
work for the past year. Your Executive
Committee viii give YOU in their report
the financial condition of the State Al
lance. with other information of a gen
eral character concerning every interest Of
the Order. The officials of each depart
ment are expected TO make SUCH recon-
mendations as may seem to them best
for conducting the business of then re
s~pective departments. Then ii viii be your
privilege to adopt, reject, or revise, any
or all Of such recommendations. Last but
not least, your agent OF the Business Ageu-
cy Fund will tell you ia his report OF the
handsome amount which he has keys turn-
ed upon; which is ample backing to con
duct business for one hundred thousand
AlliauCemen on a cash basis. This should
be an inducement for farmers to reorgau-
izc sub-Aliiances and buy through the
Business Agent at wholesale prices.
THE OBJECTS AND METHODS OF
THE ALLIANCE.
As a reminder of Alliancemen and for
the information of those who are in sym
pathy 4 with the organization. have
> l.-,-I+ - ID , IL, $1,000 l.--
the objects and methods Of the Alliance.
The prime object Of the Alliance is to
better the condition Of farmers. mental
ly, morally and inancially;'' to educate
and commingle with .4ose OF the same
calling. to the end that country life may
become less lonely and more social. and
to assist the weak with the strength ol
the strong.
The methods are Of three kinds, social,
business and political. The social methods
are such as may be secured by meeting
together and becoming better acquainted
with ncighbOTs, ana a friendly exchange
Of ideas as to the practicable details OF
farm work. The business methods take
& wider range and dcrend upon co-ope.a-
ton, county and State, In business efforts
to secure the highest price for produce
raised for sale. and the lowest price on
political methods are strictly non-partisan
and must ever remain so, because every
candidate for membership, before taking
The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1903-08-18

the pledge. i assured That It will i n5
Nay conflict with hi~ religious or 20 ai
views. Farmers ~ sii political parties are
welcomed ID it, RANKS. md Ee are e1lt
81 TO p-ok - celrc j just recognition 81.
tine rights Of tse agricultural classes
Farmers Alliance, Mr.. T. =. Bars ltf
The motto 81 tho OrIer IS. In .H.a--
essential laity. ana III all things charity
These objects and AIMS should prevail ana
influence all men. But far from 81. The
country Is influenced - many evils. To
two most damaging and t4r-reach51- @
corruption In politics and the giec9 ot
the capitalists for gain. The motto &.
both are the same: Might makes rlzst-
anything to win. anything to succeed
The leaders IN these evils and taeir taI-
lowers III these evils and then follow
give credit TO no excellence rot based og
success. Tney are making Alarming Prog
re-- ana their number and power have
creased until they have gotten - much
the advantage OF right. which represents
the coGnmon interest and principle Horl.c
OF good, that the latter Is almost io~t sight
Of. Capital combined has supremacy oyer
the people by controlling financially the
mercantile and manufacturing interest Of
the whole country, as well as the trans
portation facilities.
And shall l add. our farming interest T
Yes, more greedily if possible than any
other branch Of industry. This has been
accomplished without the PENALTY thai.
should be inflicted. The people have per-
mitted the plans devised by those WHO
possess the spirit Of might and greed III
dominate legislation without formidable
resistance through legislation or ors4nlza-
ton. Whenever any truly loyal citizen o.
leaders OF influence nave warned the peg-
PIE Of increasing danger and the Trrc6arc
that would follow IN many vocations, the
opposition would -ciy ''pelsimi@t.' Tie
time has come Wien nearly all tic people
are per9imistic save those who are en-
ploye1, on arc IN some way connected Wlth
the execution Of the machinery Of monop-
oily and political deception. New that the
chains are fastened upon the power OF the
people, for years TO come, these forces are
10 longer alarmed, OF give ear to the nut
tering Of the people.
What we need in this country i a sense
The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1903-08-18

OF individual responsibility, strengthened
by organization, that recognizes the
~WrongneSs Of any wrong doing that nalms
any one, such as eXalts one person by de-
grading another, or does not return an
equivalent for what Is received, or that
ImpoyerIshes one to enrich another. 70
reach and practice such virtues a Christian
sympathy Is required that recognizes the
brotherhood Of man, bound by the natural
ties of common humanity. If we are to
ever have anything better than struggles
for vantage ground, or equal rights by
c~ontending factions. such as now exist be
tween capital and labor, such a spirit is
the only agency broad enough to ae.om-
plish It. I admonish all Alliancemen TO
act we'll their part OF the moral code and
remember that peace on earth and good
Will to men, cannot exist in the hearts
Of men who draw no line between right
and wrong.
There IS great need of a strong farm
ers' organization in North Carolina. The
farmers realize the fact IL many partic-
ulaIs. Yet they, as a body, viii not take
hold of the advantages that are offerei
them. They see clearly that organization
j. necessary to enable them to exercise
the influence in business, social and politi-
cal lie to which their numbers and the
Importance Of their occupation entitle
them. In seeking light along these lines
they are impressed with the folly Of SIN
ble-handed efforts. Yet on the orner
hand they are confronted By many diff
cultie~. They find the lack Of education.
and a large per cent are IN debt and de-
pendent upon merchants and others 10
help them from one crop to another.
Hence, they finally conclude, that to de
rive benefits b. joining a armera organi-
cation they must each man for himself
manage to get one crop to market with
cut a prior mortgage OF debt on same.
and pay cash for what they buy. They
forget that organization Is good for one IN
adversely as We'll as in prosperity. and
by cooperation all are benefited. The
financial features is less than half Of the
benefits that are IN reach OF a good Al
hanceman. The social feature cannot
be oyere~timated and the educational
feature includes the oportunity OF ger
eraI information, which is the only SUB
stltute IN reach for lost opportunities.
The farmers are accused OF many faults
by their best friends who are rot farm
ers. These friends are especially liberal
and accommodating with advices, but
they never advise their farmer friends
70 connect themselves with 4 farmers or
SanIzation. 1t il well known that, a. i
rule, the people who are not farmers are
opposed 10 the farmers organizing, and
The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1903-08-18
President Flemings' Address.

To the Officers and Members Of the Far
mers' State Alliance:
Brethren:-Time with its changes has
closed another year in the history Of the
Farmers State Alliance Of North Caro-
lima. We are convened today fer the pur-
pose Of holding the seventeenth annual SEES
sion OF our Order. BY a retrospect Of rs
history during its existence, and noting ITS
Struggles and the important victories won,
when It's membership was greater than at
present. should encourage us to press for
ward IN every department of work that
concerns the general welfare, prosperity
and happiness Of the agricultural classes.
We should remember that no organization
can live Ions on its past. There must be
something doing IN the living present,
something to be accomplished in the fu-
The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1903-08-18
STATE FARMERS ALLIANCE
DENOUNCE THE TOBACCO TRUST
Call for a Union Of Forces to Protect the Tobacco
Growers From the Expressions of the
Giant Monopoly.

Hillsboro, N. c., August 13.-Thc Farm
ars' Alliance. at its annual session just
closed here, spoke out in no Uncertain
tones with regard TO the situation
brought about by the low price being
PAID for tobacco.
Resolutions condemning the Tobacco
Trust were adopted, the Governor was
requested to act With the Governors of
Virginia and South Carolina in regard to
the monopoly and national legislation, and
a great meeting OF tobacco farmers en-
doraed. The resolutions on the matter
were adopted with unanmity and are as
follows:
Whereas, the present lew price Of leaf
tobacco seriously concerns the financial
condition of many of our brethren, now
be it
Resolved, by the North Carolina State
Farmers Alliance IN annual convention
assembled at Hillsboro:
First. That according to our judgment
there is no cause for the great fall IN
the consolidation of the American Tobacco
Company and the Imperial Tobacco Com
pany, Of Great Britain.
Second. That we do hereby respect
fully petition Governor Charles B.. Az
Geek, through joint action with the exec
utivcs Of South Carolina and Virginia,
to use mis- best cndeavors to induce the
force any law now in existence foT the
The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1903-08-18

suppression Of monopoly in the purchase
Of tobacco.
Third. That IN our judgment with the
the American Tobacco Company would
not put the price OF leaf tobacco below
the cost Of production ut this time but
for deliberate determination on It's part
to force Warehousemen and independent
buyers to sell at q ruinous sacrifice their
present holdings OF tobacco.
Fourth. That the president Of this
body appoint a committee with authority
10 join with the Tobacco Growers Seso-
citation and all other parties interested
IL calling a convention of tobacco farm
ers to take action IN regard to the de-
cline in the price Of leaf tobacco.
Fifth. That we recommend united ac-
ton on the part of our farmers, NOR
chants of all classes, Warehousemen,
bankers and capitalists 10 protect this
leading agricultural industry from de
struction at the hands Of this giant
monopoly and trust.
sixth. That a cop of those resolutions
be forwarded to His IGXceIlency. Governor
Charles b. Aycock. for his consideration
and that copies be furnished The press
of the State for publication
The committee appointed to act under
section four to provide for a great meet
ing OF all interested ID the tobacco grow
ers' affairs Is as follows. Jno. Graham,
7. B. Parker, L. M. Green and Dr.. J. z.
Person
The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1903-08-18

Two physicians had 4 long ana stub
born fight with an aa-cess on my right
lung writes J. II. Hughes. Of Du Pont.
Ga, and gave me up. Everybody thought
my time had come. A. q last resort /
tried Or. King New Discovery for Con
sumption. The benefit I received was strik
Ing and ! was on my tcct il 4 few DAYS.
Eo% I've entirely Iesained my hca1th."
t conquers all Coughs, Cold~ and Throat
and Lung troubles. Guaranteed by aIl
druggists. Price soc, and 500. Trial bot
ties free.
The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1903-08-18

The John White Camp Of Confederate
Veterans viii hold a reunion at Warren
ton on the 9th of August.