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

sound, and conveys to the mind of the
ordinary citizen the image of a dignified,
baldheaded and corpulent person, wear
ing a high collar and white vest, who
possesses a profound knowledge of the
mysteries of finance and smells of green
backs, and who is therefore not to be
approached lightly or rendered gratuitous
advice.
His is very ancient occupation. as
the Scriptures will testify, although he
does not now select the same place for
the transaction of his busienss that
some of his predecessors did at Jerusalem
about nineteen hundred years ago, when
the banks. (or benches) We're overturned
on a memorable occasion, which / believe
was the first recorded bank failure But
in every age. and in every country, he
has been and is more and more chief
power and influence in the direction OF
public affairs-indeed, it would hardly be
extrayagant to say the chief power-and
is therefore person not to be over
looked
seThe Chamber of Commerce fully real
ICES that fact, gentlemen, and will try
to govern themselves accordingly They
hope and expect to receive much pleas
ure and instruction from the discussions
of your body, as they did some months
ago from the able and learned financial
address of Hon. Mr.. Vanderlip at the
banquet which they rendered to him in
Wilmington.
Nov / do not know whether or not you
contemplate discussing the general finan
cial condition of the country. or the new
asset or credit currency scheme | see no
intention of it on your beautifully print
ed programme-but, without expressing
an opinion upon that, or any other finan
cal scheme / am obslutely and positively
sure and can therefore safely say that
among those who carry light purses and
no bank books, there is a solemn and
unanimous conviction that there is not
enough currency in the country to meet
the demands of business, and that If your
body can devise a method of supplying
it to their satisfaction your meeting viii
be stupendous success.
For some years past, and Until re
cent period there was a continuous car
nIval Of debate in every nook and cor
ner of the land over every phase of the
money question. The amount of wind
expended somewhat exceeded the guam
tity of information impaired. but even
that was finally exhausted, and a calm
and restful season followed in which
we will repose, and from which there
does not seem to be any very loud call
upon us to bestir ourselves. Certainly
no one can complain of want of variety
in the currency, whatever he may think
of the sufficiency of the supply, for every
kind circulates, including limited
quantity of Confederate notes, on Satur-
day nights. This variety is. perhaps, the
spice of currency life. and really dc
not know how a sharper taste could be
given to it, unless we resort to the good
old Colonial system and add wampum
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
NORTH CAROLINA
Banks and Bankers

OUR BANKS AND BANKERS &c &c &c
The growing prosperity OF our State is
well indicated by the steady increase of
mean accumulated money. Accumulated
money means industry, economy, thrift
and prosperity. Industry creates wealth.
money means industry, economy, thrift
all combined create prosperity Money is
the storehouses and distributors of money
Our banking resources now amount to
forty-three million dollars of which
State banks furnish $24. 1856, ,15S .SS, and the
National banks $21, ,39S, ,295 .2S. We have a
total of one hundred and seventy seven
banking establishments During the last
twelve months thirty-four new banks
have been added. and the banking capital
has increased nearly two millions.
This is a splendid showing. 1t means
solid bottom of genuine prosperity when
an old State like North Carolina, without
any boom or spurt, but by hard industry,
economy and thrift moves forward at
steady gait to the sure goal of prosperity
Our banking interest is now one of the
largest in the State. Certainly it is one
Of the most important, for it gives power
to all the others AS money is one of the
greatest inEentions OF the human mind
created by the necessities of trade, so
banks. the marts of money. rank among
the greatest. most useful and most power
fu0 products ana factors Of modern life
n supply the world witR money,
~ aer afp#t Wiz ae and th3
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
Held Most Successful Meeting in its His
tory at Wrightsville, June oath
and June 25th.
LEE. Il. BATTLE CHOSEN PRESIDENT
and said in part:

and said in part:
COLONEL WADDELL'S WELCOME.
Mr.. President and Gentlemen of the North
Carolina Bankers Association:
''On behalf of the Chamber OF Com
merce of the city of Wilmington / bid
you cordial welcome, and beg to assure
you that no draft you can make upon
their hospitalities will be considered ex-
cessive or subject to any discount, or
days of grace, but will be promptly hon
ored. and even anticipated as a delight
full privilege. Indeed, will say Tin con-
fidence and never TO be reported to the
district attorney, that they have formed
trust for the express purpose OF ex-
Guiding all competition and of absolutely
controlling your transportation and sup
plies in this territory
My duty as their representative on
this occasion is simply to extend a well
come, and not to discuss any question
affecting the banking interests of the
eountry-even if / were competent or in
clined to do so--or to make any sugges-
ton, however modest, in regard to mat
ters which may come before you. The
very word banker has an imposing
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28

manufacturer with goods. Without money
both food and goods would be less easily
obtained.
Money is a medium of exchange for all
communities 1t enables the producer to
sell his stuff without looking for the con
sumer 1t is the "go-between" for every
man that has something to exchange and
the unknown final purchaser Money is
also measure of value 1t reduces all
things to one great common deneminator
of value. Wheat, books, laces, cattle,
horses, land, swine, ships, songs, sermons,
and speeches are all rated and compared
by money BY money the farmer ex-
changes a calf for the training of his
child; the housewife sends letter across
the continent in exchange for an egg
the boot black polishes shoes in exchange
1OI OdHdldS VI udbGS. 0AOhCy 10 dISO
standard of value. 1t makes possible con
tracts extending over long periods of time,
even over centuries 1t measures the
past. the present and the future
We are proud of our North Carolina
banks. We are still prouder of our bank
ers. They are not only progressive, pub
hc-spirited, and patriotic. but are men of
humane and sympathetic motives They
help to promote all good enterprises. They
ere forward in all movements making for
public progress and advancement Many
OF them are not only bankers. but also
farmers, manufacturers and merchants.
Indeed we have no entirely distinct and
separate class of bankers. They are II
every sense of the word not only of our
people, but also with us and for us.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
CONDITION OF NORTH CAROLINA
BANKS, STATE AND NATIONAL
Aggregate Resources, $46,383,454.H Combined Capt.
tai 81, $40, ,55O.87, Sum of Deposits,
$40, ,662. .676.IO.

OF THE AGGREGATE
RESOURCES AND LIABILITIES OF
INGS BANKS, ACCORDING TO THE
REPORTS TO THE CORPORATION
COMMISSION OF THE CONDITION
AT THE CLOSE OF BUSINESS APRIL
9TH, 1903
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28

1t will be noticed that there is $15,453,
81. AZ on deposit subject to check in these
banks only. This amount does not in
clude that on deposit in the numerous
National Banks.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
IN VDEX

fA1 EIIEN Lille.
NATIONAL BANK OF FAY
ETTEVILLE.
FARMERS AND MERCHANTS
BANK OF LoUIsBURG.
SKETCH OF BANKING IN
NEW BERN.
MERCHANTS AND PLANT
ERS' BANK OF MILTON.
EARLY BANKING IN SAILS
BURY.
Page 5.-W1LMINGTON.
HUGH MacRAE & CO.
ATLANTIC NATIONAL BANK
MURCHISON NATIONAL
BANK.
THE PEOPLES SAVINGS
BANK.
ATLANTIC TRUST AND
BANKING COMPANY.
WILMINGTON SAVINGS AND
TRUST COMPANY.
Page 6.-RALEIGH. ..
BANK HISTORY OF RAIL
MECHANICS DIME SAVINGS
BANK
COMMERCIAL AND FARM
ERS' BANK.
CAROLINA TRUST co.
RALEIGH SAVINGS BANK.
Page 7.-RALEIGH- -(Continued)
NATIONAL BANK OF RAIL-
EIGH
THE CITIZENS NATIONAL
BANK
MECHANICS AND INVEST
ORS' UNION.
RALEIGH SAVINGS BANK.
FIRST NATIONAL. BANK OF
WELDON.
CAToLINA TRUST cO.--Adv.
pare
BANK 0F SANFORD.
BNa oT UNION.
PEOPLES BANK OF MON
ROE
III ERTON BANK.
FIRST NATIONAL BANK OF
WADESBORO
BANK OF WADESBORO
CABARRUS SAVINGS BANK.
CONCORD NATIONAL BANK.
COMMERCIAL BANK OF
RUTHERFORDTON.
BANK OF RUTHERFORDTON
BANK OF BEAUFORT.
Page 9.-DURHAM-
Morehead Banking Co.
The Fidelity Bank.
The First National Bank.
The Citizens Saving Bank.
Page 1O.-ELIZABETH CITY, WASH
INGTON, WILSON, ROCk-
INGHAM, GREENVILLE
AND ROCKY MOUNT
First National Bank of Wash
ington.
First National Bank of Eliza
beth City.
Bank of Rocky Mount
Planters Bank of Rocky Mt.
First National Bank of Will
son.
Savings Bank of Wilson.
Bank of Greenville.
Bank of Pee Dee Rockingham.
Page 11.-NEW BERN
National Bank of New Bern.
Farmers and Merchants Bank.
Citizens Bank of New Bern.
The Bank of England
Page 12.-GRENSBORO-
The Greensboro National Bank.
Greensboro Loan and Trust Co.
City National Bank.
Southern Loan and Trust Co.
Page 13.-ARMFIELD CHAIN OF
BANKS
National Bank of High Point.
Bank of Thomasville.
Bank of Madison.
Bank of Randolph.
Bank of Davie
Bank of Alamance.
Bank OF Montgomery
Merchants and Farmers Bank
Marion.
Bank of Spencer.
Page 14.-CHARLOTTE, SALISBURY,
LEXINGTON, GASTONIA
AND STATESVILLE-
Merchants and Farmers Ma
tional Bank of Charlotte
Commercial National Bank of
Charlotte.
Charlotte National Bank.
Banking Growth in Charlotte.
Bank of Lexington
First National Bank of Gas
tonia.
First National Bank of Sails
bury.
Statesville Loan and Trust Co
Page 15--GOLDSBORO, TARBORO
AND CLINTON
Bank of Wayne.
National Bank of Goldsoboro
Bank of Tarboro.
Pamlico Insurance and Bank
ing Co.
Early History OF Banking in
Tarboro
Bank of Clinton
Page 1e.-WACHOVIA LOAN & TRUST
co. AND BRANCHES
Page REORGANIZATION AMONG
BANKS. by Caldwell Hardy.
Norfolk. Va.
FORTY YEARS OF NATION
AL BANK SYSTEM. by w.
Continued on Second Page)
The Monticellonian., 1903-03-26
ARKANSAS STAIE NEN&.
Company Organized to Drill for Oil
 Near Little Ro.k.
EVENTS OF AWEEK BRIEFLY CHRONICLED
Editor of Hot Springs Paper Charged with Criminal Libel-Mail Pouch Rfled at Van Buren-Attorney Arrested in Court Room.
Double Hanging at Star City.

Jay Green and James Ruffin, both colored, were hung at Star City for the murder of Don McGhee, another negro. The crime for which the two men were executed was committed about year ago. Three times, since their conviction, date had been set for the hanging, but each time they were saved by legal proceedings. The date for the execution was finally set as February 13, but few hours before they were to ascend the gal lows, Gov. Davis granted reprieve on account of a confession made by Green in which he declared that he committed the crime at the instance of Jennie Stebbins, shooting MeGhee from behind a bush with a shotgun, and that Ruffin was innocent. An investigation failed to substantiate these facts and Gov Davis ordered the execution to take place.
The Monticellonian., 1903-03-26
Good Roads Law Framed.

The executive committee of the Arkansas Good Roads Association met at Little Rock and adopted a good roads law. which will be pre- sented to the joint committee of the general assembly on roads and high ways The bill, which was framed by Judge Falconer of Sebastian county, provides for a tax of g on the thousand for a state road fund. It creates the office of state civil engineer and provides that any five or more residents on road outside the corporate limits of a town may petition the county judge for the i'm provement of such road. by guarali- teeing E per cent of the cost It also creates a state board of road and highway commissioners, consist. ing of the commissioner of agricul- ture. secretary of state and attorney general
The Monticellonian., 1903-03-26
Attorney Arrested in Court.

E. A. Davis. an attorney, was ar rested in the court room of Justice of the Peace Meisner at Little Rock on a charge of carrying concealed weapons. Davis was the prosecuting witness in an assault and battery case against Joseph Fitzpatrick. a barkeep- CT. Fearing trouble Justice Meisner ordered every one in the court room searched Davis took a pistol from his pocket and handed it to the jus tice When the case was concluded Justice Meisner ordered MT Davis arrest. He was taken to the county jail. but was later released on $l00 bond
The Monticellonian., 1903-03-26
Victims of High Water.

An aged negro and his grandson were drowned while driving along the county turnpike, a short distance south of Little Rock, at point where the baekwaters of the Fourche Bayou had overflowed the road to a depth of about three feet The victims were Nick Evans, So years old, and Rufus Lawden, aged 10 Evans and his grandson were driving along the pike in a wagon. Unable to see the road the negro drove over the embank- ment at the side of the road which is about eight feet high, and the wagon was overturned pinning the man and boy beneath it. Both were dead when their bodies were rescued.
The Monticellonian., 1903-03-26

adopted. providing that the architect shall in no event receive for his ser vices more than per cent of one mill lion dollars. the total cost of the build- ing
 Speaker Moore introduced a bill ap- propriating S2.5OO to secure a roster of the officers and enlisted men of the state who served in the Confederate army in the civil war.
 Mir. Latimer introduced a bill to pre- vent nepotism and to prescribe and de- fine the degrees of relationship.
 Private Secretary Jacobson announced that the governor had signed the fol- lowing bills: H. B. 73. imposing col- lateral inheritance taxes. II. B. 66 pro- viding for separate departments for state and county prisoners. II. B. III. providing a course of study for common schools
 He also announced that the following acts had become laws without the sig nature of the governor: II. B. 253. establishing two separate judicial dis tricts in Logan county. II. B. A. reg ulating the degree comforting power of the literary institutions of the state. H. B 31L prohibiting the catching or killing of wild turkeys by certain meth ods. H. B. 90 providing a uniform measure for apples II. E. PAS. to cure defective acknowledgements and convey ances. H. B.230, amending section 5534 of the digest.
 MT. Gannaway called up H. 3. 371, licensing the practice of osteopathy in the state. and moved to make it special order for Monday
 MT. Du Lahey opposed the motion. He thought the doctors should have chance to discuss the bill before com mittee
 MT. Parks said the bill did not define osteopathy and anybody claiming to be an osteopath could give medicine He said it would be impossible to prose- cute anyone for malpractice under the provisions of this measure.
 Dr Greene thought that under the provisions of the bill anybody in Arkan- sas would be permitted to practice med icine by calling himself an osteopath.
 The motion to make the bill special order was lost On motion of Dr. Meyers. the house adjourned at noon until Monday morning at 9 ,tolocly
The Monticellonian., 1903-03-26
THEY HAVE NO FOLK THERE.
Judge HnzeI Charges the Cole Coun- ty (Mo0 Grand Jury to Probe
 the eeisIative Scandals.

Jefferson City, Mo, March 24.-The grand jury, called together by Judge Hazer to probe corruption in the Missouri general assembly, met Mon day morning
 Judge Hazell charged it to probe the various scandals thoroughly, not sparing any persons, however high their positions may be.
 At the conclusion of the charge the jury began it's deliberations.
 It is understood that it will have as its aid the report of the Investigating committee of the house, which will be filed as soon as the house meets
 The court officers expect to get all the witnesses they need, though the legislature is about to adjourn aHt the members will hasten to their homes.
The Monticellonian., 1903-03-26
Company to Drill for Oil.

A company has been formed at Little Rock for the purpose of drill ing off oil at a point about seven pany. whose corporators are all prom inent business men of Little Rock, is known as the Rock Creek Oil and Mining Company, and is capitalized at $25,0O0 The formation of the company was the result of the dis covery of spring covered with pc. troleum. Options have been obtain ed by the company upon large amount of territory surrounding the well. and test well will be driven. it is said, within short time
The Monticellonian., 1903-03-26
Robbed By Highwaymen.

Edward Ward, a young man whose home Is in Rector, reported to the police in Hot Springs that he had been held up by two highwaymen and robbed of s1,S00 in cash. He stated that he was robbed while walking along Reserve avenue, counting the money, which was in the shape of thirty-six fifty-dollar bills. Ward had been a student in the normal college at Springfield, Mo
The Monticellonian., 1903-03-26
Eiaht Men Held for Murder.

The coroner's jury, which has been Investigating the killing of John H. Brown, Memphis detective. at Wynne, has returned verdict charg- ing eight men, six of whom are brothers, with murder in the first de gree. Fifteen arrests were made i'm mediately after the killing. Brown had been sent to Wynne to protect negroes near that place from the raids of alleged whitecaps.
The Monticellonian., 1903-03-26
Stranger Killed By Train.

A man who had been known as John Perkins was run over and fatal ly injuled by a train at TeXarkana, and before his death he revealed the fact that his right name was John Twelliger, and that his home was at Keoluk, Iowa. He declared that he had relatives, but that none of them would feel concerned over his death. The man was struck by a train on the Kansas City Southern railroad. His right shoulder and right leg and all the ribs of the left side of his body were broken
The Monticellonian., 1903-03-26
Novel Suit for Damaqes.

A novel suit has been filed in the Pulaski circuit court at Little Rock Mrs NJ F. McCaskill, the plaintiff asks for damages to the amount ot S601 against the Little Rock Trac ton and Electric Company, alleging that a car owned by the defendant ran over line of hose through which water was being carried to extin guish the flames which were destroy ing her home. thereby stopping the stream and allowing the building with it's contents, to be destroyed,
The Monticellonian., 1903-03-26
Alleged Petrified Man Found.

A petrified man is alleged to have been found in the Arkansas river near Little Rock. The discovery was made by H. B. Roe, of Argenta. While walking along the bank of the river, MT. Roe saw the arms and legs of what he supposed was a dead man sticking out of the water. Upon in Nestigation the body was found to be petrified. The body was so heavy that it was necessary to secure a horse to pull it up the bank, and it required ten men to lift it into a wagon. Some express the opinion that the body was carved out of a huge rock and placed in the river with the object of making money out of the scheme
The Monticellonian., 1903-03-26
The Senate.

motion to reconsider the vote by which the senate passed the King bill regulating railroad freight and pas- senger traffic, was lost and the bill was ordered transmitted to the house
 Clerk Hays reported that the house had passed Senator Prices bill mak- ing an appropriation for the Louisiana Purchase Exposition with house amend ments. These amendments reduced the appropriation to s5U,000 and add an additional member to the commission.
 The amendments were adopted un- animously.
 S. B. 113, providing for the divis- ion of the county liquor license be- tween the county and school funds. was placed on third reading. On mo tion the bill was placed back on sec ond reading to permit of amendment.
 Senator Gray called up S B 217 appropriating money to pay certain teachers of the deaf-mute institute amounts due or contract
 Senators Witt. Hardy and Fletcher opposed the bill on the ground that the contract with the teachers was in violation of the law.
 Senator Caldwell said the teachers had entered on the contract in good faith and should be protected
 Senators Covington and Wilson sup ported the bil-, which passed
 The worlds fair bill was recalled and Senator Cotton introduced an amend ment providing that the officers and employees provided for in the bill should not go on duty until the build ing at the exposition be completed
 Senator Caldwell oppos d the amend ment. lie said manager and clerk were on duty now. and were dolng good and necessary work
 Senator Short introduced a substi- tute that no one except the directors and a clerk should go on duty until the building is completed and ready for occupancy. He thought the eommis- sioner of mines. manufactures and agri- culture. who had been a-ued to the board. should act as manager. Further consideration of the bal was deferred until the following Wednesday.
 Senator Simpson introdued a ofr repeating the county uniformity law regarding text books.
 resolution to accept an invitation to visit Hot Springs as a body at the expense of citizens of Hot Springs was lost
 Senator Fletcher's bill providing that an analysis be filed with the commits sioner of mines, manufactures and az riculture of all fertilizers sold in this state was passed.
 The House.
 Senator Prices worlds fair appro- priation bill was the first order.
 The bill as amended appropriates s5O,00o for building and exhibit at St. Louis, the bL..-4ng to cost not more than s20.000. and adds another member to the fair board.
 The bill passed-ayes 59. noes 12.
 Chairman Merriman of the state capitol committee presented a report
The Monticellonian., 1903-03-26

recommending the passage of H. F. 400. providing for the completion of the new state capitol building. with five amendments. The principal ones are that no member of tine :=-;s;asu. . shall be a member of the capitol com mission, and that so far as possible the building shall be constructed of Arkansas material.
 H. B. 44O CGarrett. relieving all persons over the age of 60 years from the payment of poll tax. was taken up.
 Messrs. Patterson, Thompson, Parks and Cruteher opposed the ill.
 Messrs Toney and Garrett sup ported the bill. which was defeated.
 Mir. Parks called up H. B. 4o9, ap- propriating funds for the maintenance of the state insane asylum. A motion to postpone was lost ana the bill was considered in committee of the whole. Amendments were offered making the stewards salary s1.000 instead of $1- 500, matrons salary $500 instead of $1,0oO. and engineers salary S1.500 instead of s14,000,
 Amendments were offered reducing the salaries of other employees from the amounts contained in tine bifi.
 Messrs. Tarve1 and Parks spoKe in favor of the amendments
 Messrs Myers and Chappell were in favor of increased salaries.
 On motion of Mr. MerrIman the com mittee rose and reported progress.
 Mr. Cook introduced q concurrent res olution accepting an invitation extend ed to the general assembly by the eiti- zens of Hot Springs to visit that city Friday. March 20
 MT. Garrett opposed the resolution. He said the members were not sent here to take excursions at the expense of the taxpayers.
 The resolution was defeated. ayes %, noes AS.
 II. B. 3S1. to regulate the organiza- tion of mutual fire insurance compa- nies was taken up. but was recornmit- ted to the comm..tee on insurance
The Monticellonian., 1903-03-26
Echo of the Alphin-Lake Failure.

R. F. Douglas. of Little Rock. has been appointed trustee of the assets of the Alphin-Lake Cotton Company which went to the wall some time ago The appointment was made by Ref cree Dooley at the instance of the Lit tie Rock Trust Company, the largest creditor Among the creditors who have filed claims are the Little Rock Trust Company, Calender, Holder X Co, Harper Lake, o. P. Stark and c D Coyac