The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1905-08-18
Charter New Building
and Loan Assn.
Says Raleigh is Being Disseminated
Against. Club Would Have This
City Made "Gate Nay Like
Virginia Towns. New Mem.


bers.
Raleigh will have a new Building
and Loan Association. The Industrial
Club at it's meeting last night determ-
ined to have one organized, and APP
pointed a committee to promote its
organization and secure the stock
holders. The association may be
chartered before the next meeting OF
the club.
The Industrial Club will be incor-
porated and committee was appoint
ed to draw up the articles of incor-
poratiOn. and secure the charter.
The following new members were
elected:
Active: Charles u. Harris, j. j. Ber-
nard, L. E. Franklin, Percy b. Flem-
ing, Chas. B. Park, r. B. Hall, ID. w.
Campbell, DR.. Norwood G.. Carroll
Honorary: Sherwood Haywood.
The first business before the club
was the reports Of the various publ
cation committees, that are compiling
statistics and preparing information
which is preliminary to the editing
and publication of a pamphlet which
will advertise every advantage pos
sessed by Raleigh.
The report on Raleigh as railroad
centre was made by Mr.. Clarence II.
Poe last night.
This report led to a lively discus
sion on freight rate determinations
against Raleigh by the railroads. and
it was said that every town in Vir-
ginia has better freight rates than
Raleigh or other North Carolina cities.
1t was declared that a merchant here
desiring to ship an order to Atlanta,
could get cheaper rates by forwarding
the freight to Danville or Norfolk and
having it reshipped, than by shipping
it direct to Atlanta. 1t was repre-
scented that while practically every
there is not one in North Carolina.
On motion Of Mr.. r. n. Simms, the
president was authorized to appoint
a committee OF three to investigate
the freight rate determinations, and
after the completion of the report,
which will not be within two months,
steps will be taken to remedy the con-
ditions. f
Mr.. w. B. Snow reported for the
special committee appointed to ascer-
tain whether or not the organization
of a building and loan association
would be advisable. The committee in
it's report recommended the organiZa-
ton of the association, and the APP
pointment Of committee to select
the stockholders, and promote the
concern. The application for chart
err Of incorporation may be made be-
fore the next meeting of the club.
The report said that building and
loan association, properly organized
with stockholders as incorporators of
recognized business ability and in
tegrity, would be an excellent enter
prise for Raleigh, and a good invest
ment for its citizens.
The committee to organize the asSo-
citation are w. 3. Snow, chairman, w.
S. Wilson, Alexander Webb and
Walters Durham.
There was only one member Of the
club hostile to the organization of the
associations, and his opposition was
Withdrawn when it was explained that
the association would not be an or
ganization within and controlled by
the Industrial Club, but would be alb
solutely separate and independent.
It's officers and directors alone will be
responsible for it..
Mr.. A. b. Andrews, Jr., offered a
resolution relative to the United States
Geological Survey work in Wake
county. He said that the survey Is
making big map of the United
States. one inch to the mile, instead
Of two inches, and that 1t has al
ready mapped out Western North Car
Dina, and is now preparing for the
eastern section of the State, and the
survey is planning at present work I'm
eastern Wake. Southern Franklin and
portion of Johnston counties. His
resolution was as follows:
Resolved That the Industrial Club
of the city of Raleigh. do hereby me-
morialize our Senators and Represent
tatives in Congress to use their en-
deavors and good offices to induce the
United States Geological Survey to
continue the work of their tOpo-
graphic survey, now in the section
just east Of Wake county SO as to en-
brace the entire area of Wake cOun-
ty
Resolved, further, That a commit
tee of three be appointed to present
copies to Senator II. M. Simmons and
Representative Edward w. Pou, and
ask their assistance in securing the
undertaking of this work by the
United States Geological Survey"
The resolution was adopted unani-
mously, and A. B. Andrews, Jr., T. S.
Fuller and w. B. Snow were appoint
ed on the committee.
Mr.. r. N. Simms moved that the
Industrial Club be incorporated, and
the motion carried, providing for the
to prepare the articles of incorpora-
ton. There will be no capital stock.
The committee consists of r. N.
Simms, Norman H. Johnson and
Ashby Lambert.
HANGED BY ARMED MOB.