The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1907-11-28
Two Carolina Projects.
Thirty Foot Channel for Whining
ton and the Appalachian Forest
Reserve, Both Of Which Would
Mean Much for the State e-Sena-
tor Overman Speaks in Advocacy
Of these Schemes at Charlotte.
Wilmington Star.

Wilmington Star.
Charlotte's large and handsome
auditorium, to seat 5000 people,
was formally dedicated on Tuesday
night. United States Senator Lee s.
Overmau, of Salisbury, was the ora
tor of the occasion and this distln-
guished North Carolinian, as usual,
made "a speech that had something
| in it. Among some of the things he
said was the following:
81 deem it a great honor to be able
to take part in these exercises to-
night. prize it distinction to be
| permitted to be here at the formal
opening OF this splendid auditorium
which will be a credit toyour city and
means so much to your people. !!
congratulate you, Mr.. Preston, and
you, Mr.. Dowd, for the part you have
played in making this building possi-
BILE, and for your untiring zeal in its
completion. If you say 1000 in
ha bitants for Charlotte in 1908, you
will have them, despite the panic.
They say there is panic and want
to add that Grover Cleveland didn't
bring it about either. It's nothing
but a great scare. Gold is flowing
into this country. They say wages
are high, but l say that the farm
products are correspondingly high.
There is an average per capita OF
wealth in the country OF $32. What
brought about this panic they are
talking about? 1t was the turning
on of the light. The discovery OF
great frauds in great companies,
bankers using the money Of their
customers to speculate in stocks,
great and Infamous manipulation on
the part OF the financiers with the
money OF the people. If there is a
panic it means the publication of the
atmosphere of high finance. And l
tell you it is the South that will save
the nation from a panic. Through
the cultivation of cotton as by,
product, $6OO,OOO,OOO dollars is
= made by the South annually, and
$4OO,OOO,OOO is brought to this
country from across the sea, The
whole trouble is that the money you
J have placed in the banks has beer
} held and boarded by Wall Street.
, Further on in his speech Senator
Overman spoke of the future OF Nortt
Carolina and in that connection ad
vocated the thirty foot channel fol
Wilmington, and the Appalachian
7 forest reserve, the first of which is &
5 North Carolina project, and the late
l q national project, yet OF tremen
: dous Importance to North Carolina
e as the reserve would be principally il
} this State and preserve our forests
J.. and protect our mountain stream
e from the results of drouths AM
/ floods. This, among other things
was said OF the Senator's speech by
the Charlotte Observer:
4 "In dealing with this phase of hi
theme Senator Overman warmly ad
V vocated the efforts now being mad
= to establish gateway at Whining
D ton for the purpose of water trans
v portation, and for the preservation
r OF the forests as a means of protec
n tion to the water development of th
n State. Charlotte, he said, was des
II tined to become the manufacturin
l. city OF the South OH account OF it
j. proximity to the water development
g of North Carolina, two of the larges
e being on either side. There are 13
h different varieties of hard wood in th
: mountains OF North Carolina, whic
!, should be preserved. both for the
] own value and for the sake of pr
Il venting drouths and floods, whic
= would come without them. Tt
E. great rainfall of the mountain regio
of the State would be a cohstar
i menace to the power development
'e unless the forests are preserved"
1t 1t is good thing to have as stron
G. q man as Senator Overman on OF
4" side. He said good things of Cha
Is lotte and showed that he is also
d friend OF Wilmington-we might sa
4 of the State-in standing for I'll
u movement to give North Carolina
in port that will benefit the whole Stat