About The Albany daily herald. (Albany, Ga.) 1891-190? | View Entire Issue (Jan. 9, 1906)
4 7HE ALBANY DAILY HERALD! TUE8DAY, JANUARY 9, 1906. HOFMAYER. JONES & CO. HOFMAYER, JONES & CO. I HOFMAYER. JONES fsf CO. Our Great Stocktaking Sale Will Continue Tkrougk Next Week == From whatever standpoint it is viewed, our 37th'annual pre-inventory sale has been a great success. The sale has been satisfying and gratifying to us, and it has been profitable to those of our customers, who have proved to be shrewd shoppers by making the most of the money-saving opportunities offered in every department of the store. Next week’s offerings are? just as attractive as those , advertised before—and those who investigate will profit thereby. . . . Reduced Prices on Shirt AiVaists For This Sale. This season’s newest Silk Waists, ono of our lend- A qa ers at 99.90, linvo been marked down to 4.DU All those beautiful 99.00 Silk Waists, excellent sellers a do nt the regular price, go now at rt.DKJ (Many ether splendid values are offered In seasonable Wulsts, good for woar now or In the arly Spring, such ns Beautiful Batiste Waists, the 2.29 kind, ure offered l non for only ,1,1 J Beautiful Bntlste Wnlsts, the 93.00 kind, are offered n 40 • now for only. Z.ntO Whlto Mercerized Cotton Poplin, stylishly tucked waist, 91.29 value, now Waists of same material, duced from 91.90 to... prettily cmbroldored, re- .. .98 .1.24 ; Beautiful Embroidered Poplin Waists, sold 'or 92.90 1 r TtL und 92.79, now 1.1 O “Town and Country Ladies Shirts. Wo are exclusive Albany agonts for thoso popular and ser viceable garments. Beautifully tailored jfn manlsh fash ions, of flgurod, striped and solid Flannels, Batistes, Pon gees, Mercerized Oxfords, etc., thoy will find eager buyers at these reduced prices: 93.00 Shirts at 92.90; the 92.75 d Shirts at 92.25; tho 92.50 Shirts nt 91.90, and tho 1 91.60 Shirts at Outing Night Gowns Reduced. QOWN8 THAT WERE 69c CUT TO 49c QOWN8 THAT WERE 75c and 85c CUT TO 09c QOWN8 THAT WERE 90c to$1.00 CUT TO 75c Ladies' Belts at Cut Prices. LOT No. 1.—BELTS worth up to 50c at 19c LOT No. 2.—BELTS worth up to 91.00 at 39c LOT No. 3.—BELTS worth up to 92.00 at 98c if our Last Chance at the Big Savings in Millinery and Ready-to-AV ear. Judging from the large sales in these Departments, this is the last time that we will be able to call attention to the deep price-cuts In Ready-to-Wear and Millinery. The assort- mont of sizes in the Ladles’ Suits and Coats and in the Chil dren’s Stills Is somewhat Incomplete, but many or the smartest styles are represented, end perhaps the very size you want Is Jiero. At any rate, an Investigation could not do any harm, and It might mean the saving of a consldrenble sum on a suit that you really need for the remaining cold months. Wo still have a good assortment of JUNIOR TAILORED SUITS and of CHILDREN’S PETER TH0MP80N SUITS, all of which have been Included in this big price cutting. In the Millinery Department all Trimpied, Walking and Dress Hats are being sold for half price, and all Untrinuncd Shapes have been reduced one-fourth, so that savings that are truly substantial await those whose winter wants In these lines have not been supplied. No Store in tkc State Offers Bcfier Values in More Seasonable Merchandise Alan May Be Found in Our Millinery and Ready-to-Wear Departments. NVhy Sleep Cold With Comforts and Blankets at These Prices? Good Laminated Cotton Comforts, full size; were | o- 91.50, now L.ZD Good Laminated Cotton Comfort, size 72x81; were •« in 91.75, now.., Mnsli’s Laminated Cotton Comfort, size 72x81; worth | zn 92.00, only 1,07 Mulsh's Laminated Cotton Comfort, size 72x81; Sllko- Q Off line covered; worth $2.75, now Z.ZD Many special values In Blankets. Beginning at $2.29, Blankets are offered at reduced prices at $2.75, $3.09, $1.50 and $5.00. Belter grades as high as $15.00. THE EQUITABLE BUILDING AND LOAN ASSOCIATION IS NOW LIQUIDATING. Mr. S. Releh. Prerident, Tells of th',: Successful Career of the Enterprise and Why It Has Decided to Go Out of Bueli1:ea—Faithful and Efficient Officers. HOFMAYER. JONES & CO. Agent* Buftericlc j Patterns. 10c, 15c, 20c. ALBANY. GA. Careful Attention Given to Mail Ordc Expand Y our Christmas Dollars Qur holiday linas are limited in number, but as far as we go we leave no ohance for competition. We carry no trash or use less goods. Those items handled are sensible, useful ones that are of servioe every day in the yean while in getting them here you save enough to make your money go far. Money is apt to shrink at holiday time, especially when you pay fancy holiday prioee. Every day with us is a bargain day, you can buy just as cheap before Christmas as you can after. Gome here for Fine Perfumes in packages or bulk, Fine Hair and Cloth Brushes. Fancy Combs. Shaving Sets, Stationery Items, Toilet Articles, Etc. HURRY BACK. Davls-Rxohan** Bank Bulldlnx Don’t miss any of it. It is well matured, mellowed by age and consequently of fine flavor. It is sold over tlie bar and costs no more than the cheap kind you usually get. We serve none hut tiie best Whiskey. Whiskey that comes from the best known distilleries only. THE OFFICE Broad Street. Fron BRICK CO. ALBANY —MANUFACTURERS OF— I c BHSEhSi; Annuii Capacity fl0 I 0Q0,00& 6 Per Celt. Farm Loans. TH0S. H. MILNER, Atlorney.akl.aw, VENTULETT BUILDING. In An Idle Vein. “Albany has sct- a paice for the railroads that do business here,” snltl a visitor a ew days ago to a repre sentative of Tits Herald. “Not so many years ago, Albany pointed with pride to her splendid railroad facilities, trains coming hi a; almost every hou* in the tiny and right, nnd from every direction. She had a right to bo proud of her rail roads then, the large number of rail roads entering the city, and the fa cilities they offered being t«ry un usual for a town of her size. I “But this day has passed. Not that the railroads do not offer the same rates and schedules then they ;!o now, but. became these same rates and schedules and facilities are not as much to he proud of by a city of Albany’s present size. “A smaller city could be very proud of the present raiA’oad facilities of Albany, but I don’t think Albany should. The railroads have not kept up with the pace that Albany has been setting tho p%st few, years. “Take Albany’s depot, so called. Although neyv buddings are going up in all directions, and new enter prises of various kinds are being pro moted add set in operation, nnd, al though hundreds of new faces are seen on the streets daily, that so- called depot stands, practically the same old shackly and Inadequate bn’*n as before. “If the railroads had kept up with the advancement of the city, Albany would be boasting a splendid term inal station, with car shod, large a ad comfortable waiting rooms, and with tracks safe and a decent dis tance aparl. “Several weeks ago I paid the bill on a car okstuff shipped me, that had reached the city. This morning, I re turned to Albany, and Voutnk that the car had never been placed where it could bo reached. This means many dollars to me as l am paying the wages of several men who are doing nothing but walking the streets, and who, in fact, can do nothing else until the car is placed. “The good, progressive, and pa- j triotic people of Albany have awak- jened to their opportunities and their I rights, and while they are clamoring . for improvements of nil sorts, 1 hope (hey will not let up on the railroads, “I am no railroad hater. I think the railroads have done a great deal to wards the upbuilding of th e city and state, and I think they will continue to do so. Albany, however, should nev er let them forget that she is here, and wants all that, should be coining to her. "flight here, let me show you how the carelessness or inadequacy on the part of the railroad people costs the city directly. I am doing some work for the city now, and I will probably do more for her in the future. When, however, I next submit a bid for work, I will have to figure in the time and money that I will most probably loso waiting on the railroads to fill orders for material. It costs the city iu this way directly, and in many other wavs, the people of the city lose money, just as I have done.” CLOSE STORAGE. If you want to store your furniture we can accommodate you. ENTERPRISE WAREHOUSE CO., tt Cor. Jackson and Commerce Sts. It is cold work, a day like this, lay ing tile sidewalks cn the shady side of a street. But tho work is going along as steadily as though tho ther mometer were not recording freezing weather. FOR RALE. Two good family horses, gentl in good condition. It THE ENTERPRISE STORE. and This is the reg»tfar meeting night of Artesian City Lodge No. 30, Knights of Pythias. The soothing and comforting effects of DeWitt’s Witch Hazel Salve, when applied to Piles, Sores, Cuts, Boils, etc., subdues pain almost instantly. This Salve draws out the inflamma tion, reduces swelling and acts as a rubefacient, thus circulating the blood throhgh the diseased parts, permit ting Ar aiding Nature to permanently remoA the trouble entirely. Sold by Albany Drug Co. and Hilsman- Sale I)rug Co. “Mr. Reich, we hear the Eqr.itable Building & Loan Association has de cided to liquidate Its affairs, an! go out of business.” “Yesanswered Mr. Reich, “and I am glad you asked me about it, a.< it enables me to discharge what seems a duty, in explaining to the public our reasons for this step. The Equitable was organized in 1S90, and since that time has been under substantially the same management. For a number o.’ years the associaUon enjoyed au un precedented success, building up a business of which, both in volume and qaulity, we were r md. While operat ing under a charter which permitted us to do a national business, we de cided to limit our operations to a ter ritory (South Georc Fa) which we could with certainty supervise. By this course, and under a system of safe and conservative rules, from which our management never varied, we will retire from business with the un usual record of never having lost a dollar on any loan made. During this period the association has paid to its stockholders on ma'ured stock, show ing large profit otj investment, over $78,000, and all promptly when due; we have put out loans, which have been used by the people of Albany in providing themselves with homes, $160,000, as well as furnished similar facilities in other points in South Georgia, Tift on, Moultrie, Dawson, Balnbrldge, Sylvester and other places, and will now retire our busi ness under a plan we have provided whereby none of ♦hose having loans pending will be inconvenienced, and will pav our stockholders a handsome dividend on their Investment.” “But Mr. Reich, !n view of what you say, and of the record the Equit able has made, the question natural ly arises: Why should you retire from business?” “Yes. that is a natural question, which has often been asked, and which T want to answer. To any one who will Investigate the B. & L. plan of business, it will he apparent that in maintaining a healthy and normal con dition there must be a continuous and persistent sale of stock. Unlike a bank, the stock of which is all sub scribed at organization, and exists permanently, the stock of a building and loan association has only a tem porary existence until its maturity, when It is retired nnd paid off. You thus see that unless this stock which is thus from time to time retired is • enlaced by new stock, the association will sooner or later peter out and wind up automatically, so to speak. “It will be remembered that some years ago the country was shocked by many Building & Loan Associations going into receivers’ hands. This be- pan in Atlanta, being clearly duo fo mismanagement and the unwieldiness a* tjte national system, if no worse be said of it, but gradually spread over the whole southern country. “Very unwisely and unjustly, hold ers of building nnd loan stock made no distinction betw een companies of the kind mentioned and local associa tions. whoso localized system of busi ness is entirely different from the na tionals, and whose management is known to all thei* stockholders. No, everything with the building and loan brand on it was put in the same cate gory, and made’subject to the odium and prejudice then prevailing. During these trying times the Equitable was wonder ully sustained, and morally helped, by the public confidence in its management, and I take this occa sion to express our gratitude for the confidence of our stockholders. In spite of this, however, the association had an immediate reversal of what up to then had been a phenomenal pros perity, from which it 1ms never re covered. As an illustration, I will say that during the Miree months suc ceeding the Atlanta failures we paid out over $18,000 to withdrawing mem bers—an awful strain on our re sources. When it'was "ound that these applications for withdrawal were promptly m€t, the timidity of our ’stockholders subsided to some extent. We hoped that when the clouds went by we could take up the work where jt had been interrupted but have been doomed to disappointment. The preju dice referred to was so deeply root ed that there has since been a per sistent retirement of other associa tions all over the county, either vol untarily or by receivership, and I will say that many of them would, under normal conditions, have been perfect ly sound. “Under the circumstances mention ed, you will readily see it has been an up hill job, in fact, practically im possible, to promote the sale of new stock, which, as stated in the outset Is indispensable to the health of the business. With this status, our direc tors determnled It was best to liqui date the affairs of the association, while It could be done profitably to the Interest of all concerned. The mat ter was therefore submitted to our stockholders some sixty days ago, and the recommendation of the directors was endorsed, practically unanimous ly/ As before indicated, we are now prepared to settle with our stock holders, and at a dividend o 13% per cent, on- their investment. “I cannot conclude without a word of merited praise of our board of di rectors, who, in season and out, amid clouds or sunshine, have worked for 'the association’s good. Indeed have they been a board of directors who “directed,” and have not been “dum mies.” For the success of (he associa tion, and its creditable retirement, the stockholders' 1 ^ file Equitable owe a debt of gratitude to Samuel W. Smith, John Mock, S. J. Jones, T. M. Tlcknor, S. Sterne, Hi H. Tar- j ver and R. H. Warren, and more especially to our faith- iful secretary, R. H. Warren, who by ! Ills careful attention to business, com bined with his ability as a financier, has contributed greitly to the success of the association, and we feel assur ed that he will be as successful in his new field of duty ns secretary of the Albany Trust Co. Our general counsel, S. J. Jones, and Vice-President Sam uel W. Smith have faithfully perform ed the duties entrusted to them, and ;we wish them success in their new j company, the Jones & Smith . Title ; Guaranty and Loan Co., which they have just organized. i Spoiled Her Beauty. Harriet Howard, of . \v. 3 ,St., New York, at one time had beauty spoiled with skin trouble. ! I writes: “I had Salt Rheum or zema for years, but nothing wo cure it, until I used Bucklen’s Arc ! Salve.” A quick and sure, healer cuts, burns and sores. 25c at Alb; Co. Dress Clothes Full Dress or Tux edo; there’s quiet ele gance about Davis & Co’s. evening suits— a distinctiveness that is peculiar to them. All the niceties of tailoring, fit and fab ric are evident in these clothes. Davis takes the measure—Stern, hi does the rest. C. R. Davis & Co.
