The farmer and mechanic. [volume] (Raleigh, N.C.) 18??-19??, 1909-08-31

S216,OOO when the work is completed.
Legal expenses have been piled up to
the amount of $4,000 by the attur-
neys employed by the voting trust.
The contingent fund has increased
from 500, 600 to s127,OOO; interest
from $4,000 to s234,00O. A total
of $1,000 600 has been spent, and, as
stated, the estimated total cost Of the
work has risen from $3.50, 600 to So
514,50O.
High fnance. Well, rather,
And that is not all. Listen to this
narratives:
On a night in last October. some
forty men, armed with Winchester
rifles. shot guns, pistols and axes, be
seiged a flinsy cabin on the shore
of the Yadkin river at Rockingham.
Within the cabin three unarmed men
made what defense they could, that
OF waiting ehind the barriers for
the inevitable overwhelming of their
shelter. AS darkness closed down
the attacking party rushed the cabin
and burst in the door; and then,
Handicapped by it's own members, en-
gagged in a hand-tO-hand struggle with
the defenders. Blows with the butts
Of rifles, fists, knives and the teeth
Of two savage bulldogs contributed to
the melee, and the defenders were
quickly beaten and made prisoners.
The were dragged out and their
cabin demolished. They were borne
away by their captors.
Away to court. perhaps, to be tried
for some crime? Not in the least.
Away to be dumped int a public road,
over the boundary Of q piece Of land
which they owned and had every right
to cup Away to be thrown Off
their land, and kept off, in order that
the united Water Power Grabbers
who coveted his bit Of shore might
have evident possession when they
went into court to claim it.
Harold Chase owns a large piece Of
land in the forebay of the dam Of
the Rockingham Company. This land
he intended to turn over to MacRae
for part Of the overflow land. Now
he has changed his mind and this land
and some other tracts are in litigation.
Chase and two companions were the
men thrown out of the cabin by the
forty armed Possession
is nine-tenths Of the law; and in this
game of upbuilding the greatest
monopoly in the world the game has
advanced to the point where these
nine points will, II necessary, be Sc
cured by force.
II the MacRaes in their own State.
with a jury Of their own people, can
hold this and against overflow they
can still compel, if not complete re-
! stitution, at least some sort of a settle
ment which Will take care of those who
invested with them; and its in that
they are trusting now. The voting
trust has been declared illegal and
dissolved by the Supreme Court, and
they may be able to use that Weapon
also. But whatever they get nov
they will get by a hard-fought legal
battle with the cleverest lawyers in
America against them.
About the time this article appears
in print the Rockingham Power Com
pany will be sold on the steps Of the
court house at Richmond to satisfy
the claims of the KnickerbOcker Trust
Company Of New York, ~bondhoder
and trustee under the mortgage. There
is only one war fund Of ample pro-
portions to buy such a thing,
and that is the fund Of the Electric
Bond and Share Company-though
they may do it under a disguise. Sid
ney, with his glad hand outstretched
will be there to congratulate MacRae
and his friends on getting out 50
easily. And the Carolina Light and
Power Company will hastily complete
the dam and begin to deliver power
on those profitable contracts when
Hugh MacRae obtained. Wha will
the old Wilmington b~ondholder get?
Perhaps nothing, or very little, for
the New York crowd knows how to
let their attorneys get their living out
of the pickings of receivers sales.
That is, it will unless the State courts
take too strong a hand
The sale of the Rockingham Power
Company's properties took place at
the court house doc in Wadesboro
mot Richmond county, last week, and
for 81. 600 900.