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

Nearly six years ago this bank was
opened at Asheboro with a capital of s16,-
600, and with DR.. ]. M. Worth as its
President. When Dr. Worth died Mr.. o.
r. Cox, the present incumbent. was
elected.
This bank has grown wonderfully. While
its capital is still $4,000. its surplus is
SIS, 600, and its deposits amount to $780,
900.
The board of directors IS composed OF
the best men in Randolph and the adjoin-
ing counties They are: o. r. Cox, w. p.
Wood. p. II. Morris. G. G. McAlister,
G. j. Cox, w. F. Redding, A. NJ. Ran
kin, w H. Watkins, Hugh Parks, Benz.
Moffitt, f. NJ Armfeld, A. w. E. Capel,
Dr. F. E. Asbury, Jas. Parkin, w. j.
Armfipld
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28

Building and Loan Association of High
Point: J. Fl. Mills, capitalist; w. j.
ArmfieId. farmer, banker and capitalist;
N. c. English. farmer; w. II. Raglan,
President Oakdale Cotton Mills President
Mt. Pleasant Manufacturing Company,
chairman Board Of County Commissioners
GuiIford county, General Manager Worth
Manufacturing Co.: A. NJ Rankin, Sec
rotary and Treasurer Rankin Coffin and
Caskct Co. and director and stakeholder
of a number of concerns: E. M. Armfield,
Cashier. President Bank of Alamance,
President Bank of Thomasville, Iand in
all local concerns. All the directors are
interested locally except Mr.. English.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
LIABILITIES.
$t.9Oe,S77.85

All of these banks pay five per cent.
dividend semi annually. The aim has
been to give small communities convenient
and safe banking facilities. All the banks
are separate, independent corporations,
but strong community of interest Is
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
THE BANK OF ALAMANCE.

The Bank of Alamance was chartered
by special act of the Legislature of 1899,
and opened for business with $10,000.00
capital August, 1899, with f. M. Arm
field, President; j. L. Scott, Jr. Vice
President; Chas. a. Scott. Cashier, and
the following board of directors: E. NJ.
Armfield, j. L. Scott, Jr., L. Banks Holt,
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
THE ARMFIELD CHAIN OF BANKS.
Bank Point
of Mangmr Merchants nd FampsBm of Nnon

years of existence has grown steadily and
helped materially to advance the business
and industrial prosperity of the town of
Madison.
The officers are j. M. Galloway, Presi-
dent; w. c. Ruffn, Vice President; j. o.
Ragsdale, Cashier. The directors are:
j. M. Galloway, T. r. Pratt, w. G. Ruff
fin, B. F. McGehee, J. M. Vaughn, w.
H.Ragan, w. G. Ragsdale, W. r. Arm
field, E. M Armfield, ]. H. Mills
The statement of the banks condition
at the close of business April 9th, 1908,
was as follows:
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28

Dividends paid since organization, ST.
600.
The banks correspondents are the
Washington National, of New York; the
Merchants National, of Baltimore the
Merchants National, of Richmond the
Commercial and Farmers, of Raleigh;
and the Atlantic National. of Whining
ton.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28

Mr. E. M. Armfeld. Cashier Of the Bank
of High Point. and officer or director in
nine successful banks and dozen pros
porous industrial corporations, is one of
the most capable of the younger captains
of industry in North Carolina. He car.
ries an old head on young shoulders. He
graduated at the University with high
honors, is valued trustee of that ancient
and honorable seat Of learning. and re-
Gently gave considerable sum to endow
an Armfeld scholarship at the University.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
THE BANK OF BROWNSVILLE.

The above bank was organized and open
ed for business near the close of 1899, with
Mr.. e. M. Armfield, of High Point
President; ] NJ Morris, of brownsville,
First Vice President, and G. A. Thompson.
Second Vice President: ]. L. Armfield,
Cashier, and the following directors:
f. S. Lambeth, F.. w. Gates, Jno. w.
Lambeth, j. A. Elliott, j. G. Kinney, DR..
r. w Thomas. Prof. p. l.. Ledford. DR..
F. c. Frazier, DR.. A. Fuller, T. j. Finch,
w. j. Armfield and Maj ]. H. Lambeth.
The success of the bank and the gem
eral satisfaction to the stockholders and
the community is evidenced by the fact
that there have been no changes either
in the above or in the stockholders, except
that caused by the death of DR.. r. w.
Thomas who was succeeded by his SON. 1t
has paid dividend of 10 per cent each
year and on January 1st, 1903, its surplus
amounted to IS per cent. of its capital
stock at which time the stock was
doubled When the bank was organized
brownsville was the deadest town IN
North Caronna, with population OF
about $50; today it has 1S manufacturing
plants and has a population by actual
census of 1900, and IS the recognized
Gardner Of the South In the manufacture
of chairs. There is doubtless not bank
in North Carolina which has been so
liberal with its customers, having not in
single instance charged over the legal
rate of interest or charged one penny of
exchange to its customers.
The business of the bank is under the
direct management of Mr.. j. l.. Armfield
who is also President of the Bank of
Spencer. and Secretary and Treasurer. of
the Lambeth Furniture Co. Mr.. Armfield
is the youngest of the banking family OF
Armfeds. and is always interested IN
every enterprise which tends to conser-
vativelv nromote the welfare Of his town.
Jno H Shaw is the Bookkeeper.
The leading manufacturers, merchants
and substantial citizens of the community
are interested in the bank.
The capital stock is $4,000, undivided
profits $4,000. and deposits $4,000.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28

mas made it favorite resort for persons
needing a bracing mountain atmosphere.
II has pure, wholesome water, good rail-
road facilities. and many fine opportuni-
ties for the investment of capital
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
MERCHANTS q FARMERS BANK
AT MARION.

On June End. 1902. the Merchants and
Farmers Bank of Marion, opened its
doors for business. with capital stock
of $25,0O0.OO, and with the following Of
ficers: T. F. Wrenn, President; J. @.
Neal, Vice President. and E. e. CASTOR,
Cashier. The directors are Messrs. d. N.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
5s.729S SO
sss.1so.5s

Total ........................ $6S, 1908
Mr. w. A. Bailey is President of this
bank, and Mr.. T. ]. Byerly, Cashier. The
directors are: w A. Bailey, E. L.
Gather. T. B. Barley, Philip Hanes, c.
C. Sanford. J. F. Hanes, q. N. Ander-
son, E. M. Armfield, Jas. Mcclure, Jr.,
o. L. Williams, a. NJ. McGlamery, w. j.
Byerly, H. T. Smithdeal. Herbert Gle
ment, w. J Armfield
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28

among them. If one branch should have
more money than it could use in the COM
munity where it Is located, then paper
is gotten from another community where
money is too scarce, and thus supply and
demand are equalized to the fullest extent
possible II such community OF
interest" could be established among all
the banks of the State, it would be OF
tremendous advantage to them and to the
people at large.
Business along all lines has been stimu-
lated by these banks, and the towns IN
which the banks are located have all gone
forward since they were opened for bust
ness.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
THE BANK OF MADISON.

This bank was opened for business Sep
TENDER 18th, 1899, and in its nearly four
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28

e S. Parker, ]. w. Harden, Mcbride
Holt, Thos C. Montgomery H. w. Scott,
w. J. Armfield.
From the beginning the bank received
good patronage, which steadily grew
until it became necessary, in order to
properly handle the volume of business,
to increase the capital to $2O,0OO.OO which
was done July /, 1902, all the stock being
readily taken.
The bank receives a large volume of
business from the numerous manufac-
turing and mercantile firms of the county
which it handles very successfully, not
dollar having been lost by bad loans or
any other source This speaks well, not
only for the managers of the bank, but
for the business firms of the town. The
last statement to the Corporation Com
mission at the close of business June 8,
1903, showed total resources of more than
SIS 600 90
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
THE BANK OF DAvIE.

The following statement shows the con-
dition of the Bank of Davie at Mocks-
vile. in February of this year.
RESOURCES.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28
MR.. e. M. ARMFIELD.

Parish for ten shillings, or two dollars
and half"
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28

Deposits
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1903-06-28

The following is list of the banks out
side of High Point in which the Armfields
are interested:
The Savannah morning news., 1903-02-07
GIVES FIFTY-THREE REASONS.
Why the SenbOnrd Air Line should
he Granted "a New Trial.

An important case, and one involv-
ing innumerable points OF law, was
brought to a close yesterday in the
Superior Court-at least, for the pres
ent. 1t is the case of the Postal Tele-
graph Company against the Savannah,
Florida and Western Railway, in which
a new trial is being sought by the
railway company. Argument of coun-
sci was concluded yesterday, and Judge
Seabrook took the case under advise
ment
Fifty-three grounds of error are as
signed in the motion for a new trial,
and the attorney for the. railroad is
hopeful that on at least one of these
Judge Seabrook will agree with him
and allow a new trial. The case has
been to the Supreme Court three times,
and there is little doubt but that the
justices at Atlanta will have the pleas
ure of reviewing the matter again. for
it matters not which way Judge Sea-
brook decides the matter, the attorneys
on the other side will take the case up.
The court listened to argument on
the motion throughout the day. Col.
]. X. Mcintosh, general counsel for the
Postal Telegraph Gable Company and
Col. Peter w. Meldrim spoke for the
telegraph company, and Mr.. W. L. Clay
spoke for the railway similar suit
in which the telegraph company is at
tempting to condemn certain land of
the Seaboard Air Line upon which to
erect a line, will await the determine
ton of this case, the issues involved
being identical.
The Savannah morning news., 1903-02-07
NEGROES ASK RIGHTS
. AT FREE LIBRARY

Want the Privilege of Borrowing
Books at the Discretion of the
Secretary.
The colored people of Savannah are
anxious to have access to the free Ii
brary which is to be established in the
near future. Some of them think that
as citizens and taxpayers they should
be allowed to read the books which
are kept in a library to be maintained
in part from an appropriation of the
city. Pc. ...-.
others are DESTROYS of having the
privilege of reading the books of the
library without the privilege of actual
entrance into the library building. 1t
is their desire to be allowed to get
books from the secretary, to be read
outside of the, labrary hall, and re-
turned at the end of a specified time,
under the same conditions and limita-
tions under which books are loaned to
the white people.
A colored man, who is an attorney in
the city. approached a member of the
committee from the society yesterday
morning and asked his opinion of how
the request would be considered by
the officers of the library. He said
that he understood ii was out of the
question for the negroes to have the
same privileges at the society that
were accorded the white population,
but he thought that some concessions
might be made so that the negro who
had a desire for knowledge could sat
isfy it,
He was referred by the committee
man to Mr.. George Baldwin, chairman
of the committee. A letter was drawn
up and Endorsed by a number of we'll
known negroes to be sent to the chair
man of the committee. The colored
lawyer was told by the committeeman.
that it might be that the ,colored pee-
pie of the community would be allowed
to take books from the library in the
discretion Of the secretary, who would
be, in that case, empowered to lend the
books only to such negroes as he
thought best.
But that privilege would. even then.
be extended to a limited number. said
the committeeman. Il cannot say that
such a privilege will be extended, but
the officers of the society may consider
it faVorably, l will say this, though;
that 1 am unalterahly opposed to al
lowing the colored people of the COM
munity access to the library. I am of
the opinion that that win never be
done"
The matter will probably be brought
up at the next joint meeting of the com
mittees from the society and from the
City Council. IS soon as the commit
tee from Council has determined upon
its course, there will be a meeting of
the joint committees. There are MANY
questions which will present themselves
to the promoters of the project for the
free institution. and it is not unlikely
that some knotty propositions will have
to be solved before the free library be-
comes a reality.
The Savannah morning news., 1903-02-07
TRAPPED BY FIRE
COOK WAS CREMATED.
William Black Burned to Death in
Room at Barbee'S.

Penned in the little room in which
he slept, William Black. employed as
a cook, was burned to death early
yesterday morning in the fire that
destroyed the pavilion. grocery, kitch-
en-, restaurant and teTrapin crawl OF
Alex. NJ. Barbee at Isle Of Hope. The
discovery of Blacks body WAS not
made until the fire had burned itself
out.
The arms and legs were almost en-
tirely gone and his suffering must
have been intense. The fire started in
the room occupied by Black and spread
so rapidly that he did not have time
to make his escape. While the resi-
dents of the suburb we're fighting the
flames with buckets of water Black
was being roasted to death without
their knowledge. He could not how
ever, have been saved even though
it had been known that he had been
trapped by the flames.
But for the fact that the tide was
high and that the residents of the re-
sort worked hard with buckets of
water, other property would have been
destroyed. A strong breeze was blow
ing and the flames were famed until
the entire place was enveloped.
The fire was burning fiercely when
the Morning News went to press and
1t was evident at that time il was i'm
possible to stop the destruction of the
Barbee place. Scarcely more than the
pilng was left to mark the spot where
the restaurant and grocery had stood.
The fire wiped out a business that it
required Mr.. Barbee % years to build
up and his loss is a heavy one. He
carried only $1,000 insurance on prop
erty valued at about $4,000. In the
neighborhood of 400 dozen bull" ter
rapin. valued at 500, were destroyed
along with the buildings and contents,
but another crawl escaped serious
damage. Mr.. Barbee received a fresh
stock of groceries only a few days ago
and his stock was IA heavy one. He
was visited by his friends yesterday and
received their sympathy. Last night
he was reported sick but will proba-
bly, get to work within the next few
days to again build his business up in
time for the summer season. The
origin of the fire is unknown. 1t was
discovered by a fisherman and had al
ready gained much Roadway.
The Savannah morning news., 1903-02-07
MUST PAY STALL FEE
Or Confederate Veterans Must Sell
Their Wares Outside of Market.

VI MaTket.
Confederate veterans have no right
under their licenses, to sell wares at
the market without paying the GUS
tomary market, or stall, fee. This
question was decided by Judge Bar
row yesterday in the Superior Court
in the case of J.-U. Hester against the
Mayor and Aldermen of Savannah.
The case began in the Recorders
Court when Hester was tried for SELL
ing goods without paying the market
stall fee. Hester claimed that under
ms license as a Confederate veteran
he had the right to dispose of his wares
on the edge of the sidewalk so long as
he did not sell them in the market,
and that in SO doing he was not sub
ject to market fee.
Recorder Myrick decided against
him, and the case was brought up to
the Superior Court by petition for GER
tiorari. Judge Barrow, in deciding the
case yesterday, said that the city had
defined the limits of the market, and
that since the spot at which Hester
was selling his produce was within
those limits he was subject .totthe mar
ket fee; He sustained the finding of
the Recorder in every particular.
The Savannah morning news., 1903-02-07
SINGULAR SUIT
AGAINST THE SEABOARD.
Engine sparks Ignited Fence and
Set at Large 60 Head of Cattle.

Engine sparks Ignited Fence and
Set at Large 60 Head of Cattle.
A singular suit against the Seaboard
Air Line was instituted yesterday in
the Superior Court by Maj Seymour
Stewart. The damage to the complain
ant resulted from a combination of
rather unique circumstances. He asks
for $672. He alleges that on Feb. s,
while passing through his plantation,
six miles south of Savannah, Sea-
board locomotive emitted sparks,
which ignited his pasture fence. The
fence burned to the ground and sixty
nine head of cattle were turned at
large. They roamed through the woods
and swamps, and after several weeks
of searching, entailing an expense of
1854, half of the number were recov-
cred. The other half are still at large
or have been killed or sold.
Another feature of the case, which
has been settled out of court, was that
subsequently a Seab6ard train killed
nine head of the cattle which had
been set at large. This claim, however,
was settled, and is not embraced in the
suit for damages. The plaintiff is rep
resented by William S. Coburn.
The Savannah morning news., 1903-02-07
ROUGH HOUSE IN YAMACRAW.
Wise City Negroes Worked Con
Game on "A Pair of Countrymen.

Wise City Negroes Worked Con
Game on IA Pair of COuntrymen.
con game in which three wise city
ing a brace of country darkies was
exposed at the session of the City
Court yesterday. The evidence was 40
conclusive against the men that Judge
Norwood gave the prisoners the limit
under the law, twelve months.
In the plan which had been devised,
the three negroes were to be assisted
by two young mulatto girls. The two
ruralites were taken in tow by the city
negroes, who told them that they could
steer them up against an easy thing.
That was just what the country dar-
kies were searching about for, and they
accepted the proposition eagerly.
Then the quintette filed down to the
home of Sarah Spalding and Rose Nell
son. Several rounds of blue steel corn
put the country boys to the bad. One
of them said that the last thing he
remembered was the ceiling circling
about. and the next thing he knew he
was fleeing through Yamacraw in an
unclad condition. In his trousers,
which had been left behind, he left
$11. This, together with a watch and
chain, was found on the person of one
of the. city negroes when arrestce.
At the trial 1t developed that the air
was blue in Yamacraw for quite a
while yesterday morning during the
wee sma' hours, the testimony being
that Jenkins, Holmes and Clarke, in
their eagerness toIeet to the belongings
of the country -dsrkeys, broke down
door. The evidence failed to estab-
lish collision between the men and the
girls, and they were liberated The
others got $50 or twelve months.
The Savannah morning news., 1903-02-07
MOTOR RIDER INJURED.
MIR. webb Jumped the Track Az
Jacksonville While Speeding.

MIR. webb Jumped the Track At
Jacksonville While Speeding.
Mr.. Webb, one of the riders of a
motor cycle, preparing for the races
tomorrow afternoon on Jack Princes
new coliseum track at Jacksonville,
had a painful fall Friday afternoon
that will probably prevent his partic-
ipating in the events.
According to the report, the injured
man was speeding himself when the
machine ran over the top of the track
and he fell to the ground, a distance
of forty-five feet. A physician was
summoned to administer to the injured
man, who had his right arm broken,
his shoulder-blade injured and was
otherwise bruised about the body, the
ground where he fell preventing in
slant death.
Mr.. Webb was riding at a two-min-
ute or less clip to the mile, and just
how his wheel happened to get away
from his control will never be known,
as he is an experienced PAGER and the
thing was done to quick that he HIM
self cannot tell how the misfortune oc-
CURED. The exact extent of his in
juries will not be known for several
days as the wounds are now on the
surface, but may deepen later, which
is feared.
The Savannah morning news., 1903-02-07
is SHORT OF FUNDS
EXPENSES AT GEORGIA INFIRM-
AIRY MORE THAN INCOME.
TREASURER so REPORTS.
SAME OFFICERS WERE NAMED AT.
THE ANNUAL ELECTION.

The Average Cost of Caring for
Patient for "a Day Is About 30
CentS-RepOrt of Secretary shows
That There Were IL Births During
1902. the Same the Previous
Yenr-FOrty-seven Went to Hos
pitaI in MOribund-A Total of CTS
Patients HHVere Cared FOr-Ladies
of Porter Aid society TO Assist
Trustees.
Because there was an increase in the
number of patients, there was an in
crease in the deficit of the Georgia In
Urinary last year. This fact is shown
clearly in the reports of the officers
submitted at the annual meeting of
the trustees.
At the close of 1901 the infrmary was
short $5515. The deficit now amounts
to $467.47. The reports of the officers
show that the matron and nurses were
busy during the greater part of the
year ard that they at least earned
their salaries. There were more deaths
at the hospital last year than the year
before, and the number of births was
the same.
In 1902 it cost $7,9O2.95 to keep things
moving at the infirmary and the in
come was only s7,49O63, leaving de-
felt of $412.32 to which had to be add
ed $55.15 During the past year the
hospital days for charity patients num-
bered 1929, and for pay patients LIP,
making a total of Ia, 1886. The average
cost for each patient per day was
50 1900 cents and the appropriation
of the city and county for the care
of each patient, averaged, was 46 S9-100
cents.
Ladies from the Porter Aid Society
appeared before the board and volun-
teered to visit the infirmary, and from
time to time make such suggestions
as might tend to better conditions at
the hospital. Their services were ac-
cepted, and they will assist the trus-
tees in every possible way. The ques-
ton of changing the location of the
nfirmary was not gone into for the
reason that the board had nothing to
act upon The matter was mentioned,
but because there was nothing to act
up, it was deferred.
The comparative report of the secre-
tary of the infirmary for the last two
years is interesting and is given be-
low:
The Savannah morning news., 1903-02-07
DRUGGIST RECEIVED
ANONYMOUS LETTER.
One Notified r. T.. c. Society VIII
spend no Money With Him,

The movement of the Savannah
Druggists Association to secure infor-
nation relative to the conduct of the
city dispensary reached another stage
yesterday, that of the anonymous let
ter. A communication of this sort was
sent to Mr.. ]. D. Persse: Dear sir
The steps you have taken in the dis
pensary matter. 1 wish to inform you
at a meeting of the society we have
one and all firmly pledged ourselves
not to spend another cent in your
place.
(Signed) "R. T. c. Society"
Mr.. Persse is not particularly con-
cerned about the matter. He knows of
no such society in the first place, and
in the second says that the commune
cation is evidently the work of an illit-
crate person. Some of his friends
think the whole thing is a joke If it
isn't the gentleman who received it
thinks it was sent through a misun-
Outstanding on the part of the writer,
misunderstanding as to the position
and demands of the druggists which,
Mr. Persse states, are no more than
any citizen has right to.