davidaulloa/AmericanStories huggingface dataset:
The Birmingham age-herald., 1905-02-26
Ranklnu Situation.

Ultra conservatives sink their voices into stage whispers while they discuss the banking situation. They are in deep and desperate distress over the loan ex- pansion and see no end of trouble ahead
 The clearing house banks report near ly $l.l00. 100000 loaned, with surplus re- serve down to q very thin line. Money continues to come forward in large vol ume from the interior. but for every sl,- 100000 in new cash that finds its way into New York vaults there is an im- mediate further expansion of A,OOOWO In credits, or at an unvarying rate Of four to one for every dollar of cash. The mourning ones see danger in this and declare solemnly that credit expansion must come to an end or the skin Of the balloon will burst one of these days. Ihey say that the situation is rendered all the more hazardous by reason or the fact that the trust and insurance com panies keep nearly all of their money in banks and maintain almost no reserve although actively in the banking business as lenders. They figure that on tnls ac- count actual banking reserves or New York are away down below the 70 per cent required of national banks poslpiy as low as l5 per cent of the whole. lhls sort of warning falls on deal ears. 1T
The Birmingham age-herald., 1905-02-26
Mar in Equitable.

The war in the Equitable Assurance camp promises to resolve itself ultimate ly into question of price at which the capital stock of the company can be re- tired. The company has surplus or over $S0,OOO0O0. The owners of the share capital of slOO,000 claim that this huge amount is properly and legally straight asset of the corporation as much as it would be in national bank or trust company This claim IS strongly combatted by certain repre- sentatives of the 500000 policy holders. who insist that the surplus of $S0OOO,O00 belongs to them and that they are en- titled to a proportionate part In the event of distribution. Such being, the situation holders of stock In the Equta- ble say that the bid of $5,0O0,000 for MT. Hyde's 51 per cent is ridiculously small instead of being so high as to give rise to attacks upon the business morality or those making the offer.
 One of the great Wall street bankers is quoted as saying that the Equitable Life Assurance society is case of extraordinary der-captalization-the most remarkable in the'iwhole world, in his opinion. The difference between the owners of the share capital in the Equi- table Life Assurance Society and the policy holders as to title in this sS0, 100000 surplus will have to be thoroughly thrashed out before a conclusion is reached, and it would not be surprising if the issues did not find their way into court for judicial determination. The best legal talent that money can hire has been employed on both sides and all phases of the question are being care fully looked into. The accumulated sur plus of all the life insurance companies doing business in this country has reached the stupendous aggregate of s24O OOO. .OOO All of the big companies, ex- cept the Equitable are. mutual in their form and consequently no question can arise as to ownership thereof. It Is none the less a fact, however. that In some of these companies plan has been pur- sued of denying benefciaries the right of participation in this surplus. Several lawyers have made fat living by fore Ing these companies to disgorge where the names of individual sufferers could
The Birmingham age-herald., 1905-02-26
WOULD RESTORE BOYS RIGHTS.
Illinois Mine Workers Will Petition
 President Mitchell.

Springfield, H.. February 25.-The Uni- ted Mine Workers of America of the Illi- nois district today announced number of important resolutions. The recom- mendation of the secretary was endorsed that National President Mitchell be asked to grant dlspensation wherein the cases of boys under 1f years of age who have been compelled to quit work owing to 'ehld labor' law, local unions shall issue certificates O. membership in the union to such boys upon their attaining the age of 16 years, without their being compelled to pay any additional fee. Local unions were notified that 1t Is violation of the constitution to use funds of locals for conducting cooperative stores.
 Discounting of pay checks was con demned and district officers were urged to do all in their power to stop It. Oper- ators. according to their agreement are bound not to discount pay checks.
The Birmingham age-herald., 1905-02-26
INDUSTRIAL NEWS

The following is from the daily report O. Thursda. Of Dow oJnes & Co. of New York:
 An authority says: In connection with the proposed consolidation of southern iron properties various reports have been put out as to who will be selected as officers of the consolidated company.
 "All these reports are wholly premature In the selection of officers the entire in- terests of all properties in the merger will be conserved"
 Albert Phenis in a recent letter to the Manufacturers Record on Alabamas ad- vantages for industrial advance, says:
 Birmingham has done marvelously well in laying foundations for future great ness. The town itself, with it's broad and well-paved streets. it's county system of sanitary sewerage, its well-equipped water works With crystal-pure filtered water and present capacity for the re- qu.rements o. q city of 5O0000 people it's superior system of street railroads, it's network of steam railroads. embracing most of the important systems of the south, and its citizenship of thoroughgo- ing and enterprisins people Is a founda- ton of the most substantial and attrac- tive sort
The Birmingham age-herald., 1905-02-26

the stock market Is on thin ice. as claimed by those apostles of grief, the leaders appear to be unmindful and the rank and file of speculators refuse to be stampeded. There appear to be no dis turbing features in sight to cause alarm, and while things are running smoothly, no real inconvenience or danger seems to confront the country by reason of the record breaking loans. It Is very prob- ably true that the banks and trust com panies are under the market as matters now stand and many millions of shares are being carried for speculative hazard on borrowed money. At the same time the unparalleled investment demand for bonds continues and the nation is getting richer every day.
The Birmingham age-herald., 1905-02-26
MAY ELECT LATHROP.
Kansas City considered for cockrelps
 Successor.

Kansas City. February c5.-Gardiner Lathrop of Kansas City may be decided upon as a compromise candidate for United States Senator to succeed Francis M Cockrell. according to local political gossip.
 This gossip is based upon a conference held today with MT. Lathrop by Alex Niedrlnghaus, a brother of Thomas Niedringhaus. the republican senatorial caucus nominee and E. D. Kenna, who is general solicitor of the Atchison, To- peka and Santa Fe railway. and a son in-law of R. c. Kerens. second In the re- publican race for Senator After the con ference today all denied that the sena- torship had been discussed. notwithstand- ing rumors to the contrary.
The Birmingham age-herald., 1905-02-26
Fearful of Roosevelt.

The big interests are not grief-stricken over the early end of Congress. although they look forward with some uneasiness to the long vacation with a restless spirit in the White House. put to it for some thing to do in the line of animal stirring Parties who are on terms at the White House say laughingly that unless they miss their guess MT. Roosevelt will whoop things up at a lively rate as soon as he gets Congress off his hands, and enter upon a joyful period of trust busting. They even go so far as to say that they believe he Twill cut loose on the coal trust. which has thus far en- joyed immunity from earnest Washing ton attack.
The Birmingham age-herald., 1905-02-26
GOES TO UNION SPRINGS.
Rev. F. H. Watkins Accepts Call of
 Baptist Church.

Union Springs, February 25.-(SpeciaI) News was received today that the Rev. r. 1T. Watkins of Birmingham would Baptist church here Mr. Watkins Is one of the best preachers in the state, and a warm welcome awaits him and his family.
 The goods of the firm of A. D. McKin- non & Co. have been purchased by MT. Stanley Napier. who will continue the business at the same stand.
 A youthful couple giving their names as Driggers and Hall appeared before Judge Singleton yesterday at the court house and asked to be married. There was no objection. so the knot was tied witnessed by number of gentlemen. The young couple were from the south ern part of the county.
 J. W. Faulkner. a school teacher and ex-member of the Democratic executive committee, suffered a stroke of paralysis yesterday at his home at Mt. Billiard, this county.
 To the regret of his many friends, s. G. Woodall has decided to close out his stock of merchandise and move his fam fly to Andalusia.
 A few evenings since, when Deputy Sheriff Knight made his rounds at the jail. he found the cells of two negroes. the only inmates of the jail, open. How they obtained the keys is still a mystery. One of the negroes was caught at Troy and brought back.
 Mrs. F. T. Randle came up from Eng land this week for a few days and re- ports continued improvement of her hus- band, MT. Randle, who is there under treatment.
 The reception given last evening by the Westminster league in honor of their new pastor, Rev. R. l.. Bell. and his wife. was a most charming affair. The Sunday school rooms were beautifully decorated and here the officers of the league and MT. and Mrs. Bell received the many who came to know their pastor socially. Light refreshments were served by the younger members of the league. MT. and Mrs. Bell have only been here a short time and this reception was given that pastor and people might mingle to- gether socially
The Birmingham age-herald., 1905-02-26
Erie Points Up.

Erie continues to point up. The buy ing of the several Erie issues has gone on steadily for months and the demand from banking interests is apparently as urgent now as at any time. Erie may remain as one of the trading stocks for a year or two longer, but it's destiny Is to find permanent Judgment in the tin boxes of the men who control the eastern trunk line situation, and stay there. When it's fate is fixed New Haven will be found In virtual control, unless signs fail.
 This has been another hard and ex- pensive winter for the railroads. No part of the country has escaped the infictfon of snow and cold with all the hardships and expenses incident to such conditions
 Railroad earnings for the fiscal year ending with June next will be about $2, ,OO0. GOO 000 This will break the record of last year by about $30,00O0 GOO.
The Birmingham age-herald., 1905-02-26
Change in Lead.

It looks like another case of Jonah swallowing the whale. Instead of United Lead taking over National in pursuance of plans long under discussion and many times abandoned, the other thing is to be done. The National is to do the ab- sorbing according to the latest gossip. National Lead common has enjoyed an advance of about $20 a share and with competition out of the way there would appear to be a bright prospect ahead for the property. National Lead preferred has been paying dividends for many years and ought naturally to go into the same class as Sugar preferred and Leather preferred.
The Birmingham age-herald., 1905-02-26
MUSICAL NOTES.

MT. G. O. Friermood baritone soloist and vocal instructor, will give a recital at the Cable music hall Thursday evening, March 9.
 The programme will be made up of modern German songs and Folk songs of different nations. MT. F'riedmood will give some new and very interesting songs of Alexander von Fielitz. also songs of the noted Hugo Wolf. Most of these songs will be heard in Birmingham for the first time. The full programme will be an nornced later.
 Mrs. F. J. Putnam will sing the offer tory at St. Paul's church today.
The Birmingham age-herald., 1905-02-26

be obtained The companies have set tied in all such cases rather than have the unpleasant publicity of litigation. It is not unlikely that the present agitation will result in new deal in this respect and that hereafter those who are en- titled to death benefits will receive their share of the accumulated surplus as a right which will not have to be dis covered" by shrewd laweyrs. Should this come to pass it would be a good thing for the widows and orphans" about whom so much appears in the phraseology of current insurance lit- erature
The Birmingham age-herald., 1905-02-26

valued at $50. This is the second of these investigations held recently by order of the deputy commissioner, and there is hope that both will result in good. Too many fires have taken place in the state that have not been investigated, it is thought, and the impression is if more investigation is made of ineendiarism and more people punished for 1t, there would be fewer fires. though there is no charges made in the Anniston case.
 Pardons Issued.
 The Governor this afternoon paroled Jim Reynolds and Spencer Brown, the first convicted of grand larceny and the second of receiving stolen property in Jefferson county. Tn the case of Rev. olds former Judge s. D. Greene of Ina criminal court of Jefferson county join ed in asking his release. Judge D. A. Greene of the same court asks release of Brown Solicitor Heflin joins both judges.
 Minor Appointments.
 The Governor has appointed the fol- lowing minor officers:
 Pension examiners, R. T. Reid and J. H. Johnson. Edwardsville.
 Justices of the peace, Albert D. Shel- mutt and James, O. Sims. Mobile.
 Notary public and justice of peace, J. K. Edmondson. Renfro.
 Constable J. z. Conner, Sandrock.
 Notary public, James A. Maddox, In- dian; R. D. Stewart. Polk; R. A. Bench, Florala Ernest Fite, Jasper.
 The Long Distance and Telegraph com pany of Decatur has been incorporated with $5000O0 capital stock. The incorpora- tors are E. L. Barber, J. V. Monteith, W. s. Sherwood and J. c. Monteith. To operate and establish long distance tele- phone and telegraph lines.
The Birmingham age-herald., 1905-02-26
New Hospital for Atlanta.

Atlanta, February -(Specal) )-The Presbyterians of Atlanta will in the near future erect new building for the Pres byterian hospital at cost of 0.OOO The splendid movement was inaugurated at meeting held in the convention hall of the Piedmont tonight attended by the officials of seven local Presbyterian
The Birmingham age-herald., 1905-02-26

l1-room Boarding House, No. 223l 4th avenue. Imme- diate possession. J. l.. Yan- cey Real Estate 6 Insurance Co. 1l8 N. 2lst st. Phones 6O8.
The Birmingham age-herald., 1905-02-26

Foods Sarsaparlla ensures good diges- ton and strength to tho vital organs. Insist upon Hoods.
The Birmingham age-herald., 1905-02-26
NOTICE TO CONTRACTORS.

Sealed proposals will be received by the undersigned until F o'clock, noon, March 1st 1905. for grading. macadamlzing. curtfng sidewalk and gutter paving. Specifications may be obtained at this office.
 The right is reserved to reject any or all bids.
 JULIAN KENDRIcK.
The Birmingham age-herald., 1905-02-26

Hermitage, sign writer. has moved across the street to Vulcan sign shop. 219 N. goth st.
The Birmingham age-herald., 1905-02-26
FOR RENT.

The Gawk Engraving Co. makes tho best cuts. Phone Peoples 278.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-08-23
NEW METHODIST HYMNAL.
Completed by Joint Commission o
Church North and South.

The new Methodist hymnal, the fruit
of six years labor on the part of
joint commission of the North and
South conferences of the Methodist
Episcopal church, has been issued, and
copies will be received in this city
in the near future.
The new volume, aside from being
a great undertaking from literary
viewpoint, marks an epoch in the his
tory of the denomination.
More than the mere selection of
the hymns and tunes devolved upon
the commission, for it was intended
through the medium of this joint
hymnal, to bring closer the two great
societies that have been separated by
sectional differences since a period
antedating the Civil War. They have
been one in doctrine and in methods
of government, but they have been
distinct in all else. The new hymnal
may cement the ties which have grad
ually been growing stronger and
stronger in recent years between the
two bodies.
It's preparation was authorized by
the general conference of the two
churches in 1900, and within a few
months thereafter the joint commits
sion was organized and began it's
task.
The former hymnal of the Method
list Episcopal church North contained
more than LOO hymns. as did that
OF the Methodist Episcopal Church,
South.
The new book contains III hymns,
10 doxologies, and 20 chants and oc-
casional pieces. Three hundred and
six authors are represented in the
hymnal eighty-six of whom are liv-
ing. Among these appear many new
names, the most interesting of which
is that of Rudyard Kipling, whose
"Recessionar' has been given place
of honor Among the other new
names to appear is that OF Richard
Watson Glider, editor of the Century,
and a son OF a Methodist Episcopal
clergyman.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-08-23
FARMERS ALLIANCE.
Members Urged to Strike While the
Iron is Hot.

Mr.. T. B. Parker, Secretary of the
Farmers State Alliance, has written a
circular letter to every member of that
organization in the State. The Alli-
ance has had made especially for alli-
ancemen buttons which have become
very popular with the members.
Says Secretary Parker in his let
ter:
I'VE want the ensuing year to mark
an epoch in the history of the ALI
ance. The time is now art hand for ev-
cry Aliianceman to push the work. We
can accomplish much by calling the
attention of our friends and neighbors
to the advantages the Alliance as a
farmers organization, offers to them,
and ask them to unite with us in our
endeavor to help the farmers of the
State. Farmers are now thinking about
the necessity of organization as they
have not before in years. In this
connection we should remember the
old adage, "Strike while the Iron IS
Hot and not let the present favorable
opportunity to increase the member
ship of the Alliance pass without TAX
ing advantage of it,
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-08-23
PERSONAL.

Mr.. j. r. Withers, of Davidson, is in
the city.
Mr.. l.. j. Moore. of Greenville, is in
the city.
Col. I. F. Dortch, of Goldsboro, is in
the city.
Mr.. d. F. Bridgers left for Selma
yestedav.
Mr.. J. c. Drewry left yesterday for
Mr.. J. A. Saunders has returned
from Apex.
Mr. E. NJ. Jones, of Charlotte. is a
Raleigh visitor.
Mr.. A. c. Davis came in from Colds
boro yesterday.
Mr. NJ. O. Guthrie, of Sanford, was
here yesterday
Mr.. H. e. Seeman, of Durham, was
here yesterday.
Mr.. c. E. Timberlake has returned
from Youngsville.
Mr.. r. T. Gowan has gone to Sal
isbury on a visit.
Mr.. j. b. Dawson, of KinstOn, was a
visitor to Raleigh.
Mr.. Med. Adams. of Waynesville, is
visiting in the city.
Solicitor Larry /. Moore, of Green
vile, is i'm the city.
Mr. Oliver Smith, of Wilmington, is
q visitor to Raleigh.
Mr.. H. L. Stevens, of Warsaw, spent
last night in Raleigh.
Mr.. F. M. Williams. of Wilson, was
in the city yesterday.
Mr.. II. C. Sattcrfield, of Roxboro,
was in the city yesterday
Mr.. GeorgeNorman, of Charlotte.
spent yesterday in the city.
Mr.. T. NJ Arlington left yesterday
for Rocky Mount to visit his family.
Mr.. E. F. Royster. of Durham, has
gone to Wake Forest to visit relatives.
Mr.. w. H. Broughton passed
through yesterday on his way to Alex
andria
Insurance Commissioner J. r.
Young went to Louisburg on business
yesterday.
Mr.. Percy B. Fleming, of the State
Treasurer's office, has returned from
trip to Greensboro.
Mr.. Sanford Mason, a son of Colo
mel Mason, U. S. A. has arrived IN
the city from Salt Lake City.
DR.. James Dinwiddie and Prof. H
j. Stockard returned yesterday from
visit to Western North Carolina.
Capt. John Duckett left yesterday
for Sampson county. where he will
deliver several educational addresses.
Mr.. w. Fl. Pace has returned to the
city after spending several weeks in
the northern part of the county sur
veying.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-08-23
TEN LOOM SYSTEM.
Weavers Say it Increases Labor With
No Gain in the Wages.

North Carolina as certainly as Mas
sachusetts, said a cotton manufactur-
er yesterday, has been interested in
the agitation attendant upon the intro
duction of what is known as the ten
loom system in the cotton mills of the
Bay state The subject is taken up
and considered in the labor bulletin
of the bureau of statistics of labor,
and the results of a careful investigl-
ton are set forth. II says:
In one mill it was found that wea-
vers operating eight looms averaged
$6.49 per week; nine looms, 1882 per
week, and 10 looms, $7.65 per week
The weavers have compelled several
mills to return to the eight-loom sys-
tenn.
The report says weavers maintain
"they are not opposed to improved
machinery, but that they do object
to devices which make the work hard
er without proportionate increase in
wages
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-08-23
LUMINA at Wrigil.sville is practi
cally a free hotel for excursiOniStS.
Police Justice Court.

George Clegg, colored, was tried be-
fore Police Justice. Badger yesterday
for being drunk on the street. He
was fined $7.35.
Wyatt Willard colored, was fined
$535 for being drunk.
little negro boy James Holmes,
was tried for striking a little girl.
Judgment suspended on condition that
the boy be soundly whipped
Lumsford Davis, a negro hack dri-
yer. was fined 1885 for picking up a
little dog by the hind legs and cruel
ly beating it's head against the pave
ment.
w. S. Adkins, the man who created
a disturbance in the Baptist Grove on
Monday night was fined $15.35.
Sonnie Lewis, a white man, was fin
ed $5.15 for assault.
The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-08-23
Material Here for Depot Line.

The Raleigh Electric Company yes
terday received two of the five car
loads of heavy sixty pound rails which
are ordered in anticipation of laying
the branch line to the Union depot.
There are seven car loads of material
in all to arrive, the two remaining
cars to be seven inch girder and special
equipment for curves.
The work on laying the track to
the depot will now begin Immediately.