Newspaper Page Text
The Cartersville C< amiut-American.
VOL. VIII.
THE CITY’S GAS CONTRACT.
Cartersville Improvement, Gas
and Water Company.
\ml Agreement With the City—The
Number of Lights, The Conijmny’s
franchise, Etc.
Recognizing the future growth and
prosperity of Cartersville, the Orient
Electric (ias & Water Company have se
enrtifl from the city a twenty years’ con
tract for street lighting.
It has obtained the exclusive right or
franchise from the mayor and council for
the construction, operation and main
tenance of a plant for gas lighting, and
also tor a system of electric light, heat
and power, and will commence the con
struction of a gas plant at once.
ruder the terms of this contract the
citv agree to take and use continuously
for public lighting, tortile term of twenty
years, not less than fifty lights, at the
price of twenty-seven dollars per year for
each post. When the number of lights
shall have been increased to seventy-five,
then the price is to be twenty-five dollars
per year, and when the number of posts
liall have reached one hundred and over,
Reprice thereafter to be charged is to
he twenty-three dollars per post.
The city of Cartersville has theright to
call for the establishment of an electric
light plant atany timeou and after Aug.
(sth, 1889, at a cost not to exceed ten
thousand dollars, for which thecit.y agree
to pay in addition to their gas contract,
all expenses of operating tlie electric
light plant, together with fifteen per cent
upon its cost each year for its use. Such
call for electric lightexteuds the franchise
and contract for an additional twenty
years from the date of said cajl.
The establishment and operation of
the electric light plant does not abate
the contract for gas lighting, but both
contracts continue in force.
The city lias also given the Orient coin
, pany a deed of one acre of land near the
centre of the city, of the estimated value
of one thousand dollars, and prominent
citizens have offered to dispose of fifty or
more acres to this company in considera
j tion that the Orieut com pany will ex [Maid
in improvements to said land thus ac
quired the sum of ten thousand dollars
for each twenty-live acmes. The value of
this land isnow estimated variously from
two hundred and fifty to three hundred
dollars per acre.
property of the company owning
f Slid operating the gas and electric light
plant is exempted front municipal taxa
tion for the term of five veartt.
To carry out the contract which the
I Orient Electric Gas & Water Company
has made with the city of Cartersville for
the establishment and operation of the
gas and electric light plant, and for the
purpose of improving real estate in that
vicinity, acquired and to be acquired, the
Orient company has organized, under the
uws of Georgia, a sub-corporation known
( and called The Cartersville Improvement,
Ous & Water Company, The capital
stock of the latter company is thirty
thousand dollars, which has been made
mil paid and non-assessable, and the
; Cartersville company is authorized to in
jcrease ris capital stock to two hundred
am] fifty thousand dollars, provided the
same is fully paid in. It has issued one
hundred thousand dollars of first mort
gage, six per cent, bonds, due and paya
ble outlie first day of January A. I K
!!)()!), with the right reserved to call said
bonds for payment and cancellation at
nnv time after January 1, 1891, and be
fore the maturity t hereof by paying one
hundred and five per cent, of their par
oiiue therefor with accrued interest to
day next following the date
call. Both principal and interest
payable at The International
hist Company, 4-5 Milk street, Boston,
ass.
i hese bonds are secured by a first
ortgage or deed of trust executed by
e Cartersville Improvement, Gas &
ater Company unto the said Interna
mal Trust Company ns a trustee, and
e mortgage or deed of trust covers all
e property of the Cartersville corpora
*n, both real and-personal, and all that
may hereafter acquite. The interest
o\hied is six per cent, and the coupons
Ie payable in July and January of each
ar.
IThe Cartersville Improvement, Gas A
-iter Company have entered into a
nfraet with the Orient Electric Gas &
•iter Company by which thelatter com-'
n.\ have sold and delivered to the first
med corporation its one acre of land :
signed for the location of said plant
the fifty acres which it expects to j
eiie, and have also turned over to it
1 con t' , act with the city for street light
and all its franchises, and have ■
teed to erect at once a gas plant in J
Ik city of Cartersville together with
randies of piping, and provide the
hie with one hundred and fifty gas
leis. sixty lamp-posts and lamps, fuel
'tod lor the manufacture of gas, and
supplies necessary for the operation
said, company (except labor) for the I
first six mouths of its operations, and to
have said plant completed and ready for
operation and the light turned on, oil or
before March 1, 1889, for the whole of
which th(> Orient company are to receive
fitt.v-five thousand dollars. The Carters
ville Improvement, Gas & Water Com
pany have delivered to the Orient com
pany thirty thousand dollars of its cap
ital sto< J#mnd twenty-five thousand dol
lars of its first mortgage bonds in full
payment of said contract, and the work
of construction will begin at once. The
Cartersville company will tilso take im
mediate steps to acquire ns much land ns
possible in that city and vicinity and will
use the balance of its bonds in erecting
residences and making other improve
ments upon such real estate as it may
acquire.
Th total bnnilft iasneil nri> SIOO,OOO
Di'llvi'rcd to The Orient Ofis &
Water Company, to be used
for fl-as plant $25,000
Reserved for electric lijiht and
.vet uncertified in the compa
ny’s treasury 10.000
To be sold for improvements to
real estate 05,000
Total SIOO,OOO
To provide and secure the prompt pay
ment of the interest to these bonds tlie
directors ha ve made the following pro
visions, which we quote from the trust
deed or .mortgage:
“It is lurther provided that all sums of
money promised and hereafter paid by
the said city of Cartersville upon its con
tract with said first party for the use
and maintenance of a gas and electric
light plant (less the actual cost of oper
ating and maintaining said electric light
as paid by said city), shall be and are
hereby pledged directly to thesaid trustee
for the purpose of paying the interest
upon said bonds as the same may from
time to t ime mature.”
“That if on any coupon day there shall
remain in the possession of said trustee
any surplus after providing for the pay
ment, of the interest then due, then said
trustee may place said surplus to .the
credit of the sinking fund for the extin
guishment of the principal of said bonds,
which amount shall apply upon the 15
per cent, provided in section 2 hereof, to
be retired into thesaid treasury annually
for that purpose.”
“That no part of said income of said
company now or hereafter to be paid by
the said city of Cartersville upon any
present or future contracts for its public
lighting either by gas or electricity (ex
cepting the actual cost of operating and
maintaining the department of electric
lighting) shall be used for any other [im -
pose than the payment of said interest
and principal as stated above.”
“That said trustee may collect said
amounts to be hereafter paid by said
city upon its said contract directly, or
the treasurer of the party of the
first part hereto as it may elect.”
“That it shall be the duty of thesaid
party of the first part to keep a faithful,
accurate and separate account of all
sums of money received by it as fbe pro
ceeds of any leases or rentals of real
estate which may be received from time
to time from any property purchased,
constructed or acquired with the pro
ceeds of any of said bonds or of any sum
re-invested by said trustee at anytime
out of the investment fund hereafter re
ferred to (nbt including said gas and
electric plant or its appurtenances), and
a statement of such receipts shall be fur
nished to said trustee one month preced-
ing each coupon day.”
“Whereupon said trustee may make
requisition upon the said party of the
first part for such proportion of said re
ceipts as maybe necessary for the pay
ment of the coupons next maturing, and
the said first party hereby especially
pledges and sets aside sufficient out of
the said rentals -and leases to pay the
next maturiug coupons to any of said
outstanding bonds thepayment of which
is not Otherwise provided for.”
“After meeting the requisition of said
trustee for the time being, all the remain
ing part of said reported amounts so re
ceived from leases and rentals, may be
covered into the general fund in the.
treasury of said company for its other
and general purposes.”
The party of the first rmrt referred to
above is the Cartersville Improvement,
Gas A WaHer Company.
The directors have also provided in
said trust deed or mortgage, that at the
expiration ‘ of each year from and after
January 2,1891, that there shall be paid
to the trustee to be kept hi the sinking
fund for the purchase and redemption of
Ihe principal of said bonds fifteen per
cent um of the actual net cash profits
made and earned during ea ,h year there
after, and that none of the funds thus
paid to said trustee as a sinking fund,
shall be used for any other purpose ex
cepting the extinguishment of the prin
cipal sum due to said bonds.
As to the profits to lie derived from a
gas and electric light plant, vie respect
fully refer the intending investor to the
estimates furnished by the Orient Electric
Gas & Water Company, and which we
think will be found conservative.
From these statistics it will be seen
that the gas and electric light depart
ment of the company's business will more
CARTERSVILLE. GA.. THURSDAY, MATCH 7, 1889.
than take care of the twenty-live thous
and dollars of the company’s bonds is
sued for gas construction, and the ten
thousand dollars additional bonds to he
used for the electric light plant (when
called for), besides making a fair dividend
to the capital stock after the first year
and providing a sinking fund for the ex
tinguishment of the principal.
From the real estate operations of the
compand it is expected large returns will
follow, as real estate in Cartersville and
vicinity has been advancing at a very
rapid pace, and will undoubtedly con
tinue to do so.
The real estate operations of the com
pany will, it is fii inly believed, double the
value of the stock of theCnrtersville com
pany within two \ears. We confidently
aver that real estate values in Carters
ville have more than doubled within one
year past, and we believe they will do
more than that in 1889.
The company considers its real estate
investments wise and judicious, and safe
beyond a reasonable doubt. The recent
influx, of the people to Cartersville has
left that town without a single tenanta
ble house for rent, and so among the first
duties which The Cartersville Improve
ment. Gas & Water Company will attend
to, will be the erection of dwellings for
sale and lease.
The company invite the closest exami
nation into its affairs and solicits corres
pondence with those who .may desire to
purchase or lease any of its real estate at
Cartersville, or who may desire to go to
that town for the purpose of engaging in
business, assuring all such of fair dealing
and a cordial reception.
Cartersville—Pastor and Church.
Christian Index.
A visitor to the church at Cartersville
is strongly impressed by the sincere and
cordial attachment existing betwrtm pas
tor and people, and by .the harmonious
co-operation that exists in the church as
to plans and methods. The good com
mon sense of the pastor in suggesting
[dans of work, is met by a ready and
cheerful response on t Impart of t he church
in executing them. The church is stead
ily growing to Christian activity and
liberality. During the month of January.,
besides the SIOO paid the pastor on
salary, the members raised about SIOO
for a Sunday-school library, in addition
to the regular missionary contributions,
which amount to nearly S4O per month.
Bro. Cooper is thepastorof this church
and a marked feature of his work is the
attention he pays to the young of his con
gregation. He is superintendent of the
Sunday-school, and is thus thrown in
close and constant contact with the
young people, and is thereby enabled the
better to win their affection and confi
dence. Ordinarily, it is doubtful whether
a pastor should assume this position;-,
but Bro. Cooper seems able and willing
to bear this extra burden, and so far no
body objects to it. The prayer-meetings
are generally well attended, and are in
teresting and profitable. There are three
meetings during the-week, one of which
is conducted by the young men. Bro.
Cooper is fortunate in having as his pre
decessors such men as Heudden and
Daniel, who have made his work easier
than it otherwise would be. Besides this,
lie has, in his devoted wife, one oft he best
help-meets that any pastor ever had.
<loWl in Gwimntt.
Atlanta Journal.
A learned scientist said last night that
the minerals of Gwinnettcounty have not
been so much ns gazed upon in the treas
ure troves.
“To the east of Hog mountain,” snid
this gentleman, "is a profusion of miner
als which will astound any person not
familiar with the natural resources of
this country. In all minerals Gwinnett
is next to Bartow, the richest county in
the State. In gold, it is the richest sec
tion of country east ot Colorado. The
slope of ITog mountain is seamed with
gold.
“A man from Denver who owns and
has worked gold mines foryears, recently
visited that vicinity and declared that it
was the finest gold region east of the
Rockies. He is now negotiating for a
body of land on the slope, mid, as soon
as he receives it, will go to digging for
gold.”
“How about other minerals there?”
“The ordinary ores and minerals found
in Georgia, or along the acclivities of the
Blue Ridge, are abundant in Gwinnett.
Fortunes are now lying buried in Geor
gia clay, which are to be had for the dig
ging. The pick and the shovel, the blast
furnace and the rolling mill, the pros
pector and the skilled mechanic will revo
lutionize Georgia.”
Bartow Leads Once More.
The Eclectic School of Medicine grad
uated nineteen promising young men as
physicians, and Albei t Sidney Riddle, a
Bai tow boy, carried off the highest honor,
delivering a valedictory address, which is
receiving the highest praise for its elo
quence and depth of thought. The Cor
hant-Amf.rjcan has been promised a copy
of the address, and we w ill probably give
it to our readefs nc£.t week., . ~.
THE BOSS DEAL SETTLED.
Cartersville’s Great Future Now
Fully Assured.
Oar fountains ni Iron Attracting CapU
list*—Prominent New Yorkers Take
h Hand—The Outlook Ilxiglitens*
The biggest deal ever made in Carters
ville property has been at last settled.
The Cartersviile Furnace Company, the
Etow.ib Company, and the Daisy Coal
Company now constitute one grand cor
poration, under the name of the Etowah
Land and Mining Company, with a ca’pi
tal stock of $1,75Q,00(T, with the privilege
of increasing it to $5,000,000.
The application of the new company
for charter speaks for itself. The work
will proceed through trustees until the
charter |s granted.
The wfork on the furnace lias been sus
pended spending negotiations, and the gen ;
eral plan w ill now be greatly enlarged,
and as so. n as the new plans have been
fully agreed upon the work will bp rapid
-1) pushed to completion.
The first furnace is but the beginning
of aseiies cl mammoth enterprises con
templated by this and other companies.
This movement, in connection with the
further fact that Cartersville becomes
headquarters for two strong corporations,
with lion. Joseph E. Brown at their
head, speaks volumes for the grand prob
abilities of our city.
Giu tersville’s future grows brighter i.nd
brighter. Keep both eyes rn the Steel
City of the Etow> h
REV. SAM JONES AMD FAMILY.
Interesting letter From tli* Hoys—Some
<iiphin Pen-FK lures.
Mrs. -T. W. Harris, Sr., hands us a most
interesting ie'ter from Rev. Sam Jones’
boys. Paul and Robert, who are her jm
ffcls when at home, from which we cull the
following interesting points. The letter
is written from Sacramento, Cub, dated
February 19th.
Wo left..our home on the Bth of Jan
uary, and will try to give you a faint
idea of the picturesque country through
which our journey carried us. The trip
enroute to Los Angeles embraces some
of the finest agricultural and grazing
land in the world, but perhaps that may
not beof as much interest to you as some
particularly noticeable features which
we, seeing for the first time, thought were
especially strange und worthy of mention.
After reaching New Mexico, we passed
through long stretches of rich grazing
land until we reached a town called Lords
burg, about 80 miles west from Denting,
and after passing about thirteen miles to
the west of Lordsburg we reached the
alkali plains at the foot of the mountains.
These plains embrace an extensive acreage
and as far as the e.ve reaches you can see
nothing but parched, white aud yellow
seamed tracts of land, and when the
water does collect on them, which is but
three months in the year, during the
winter, it is so impregnated with the
alkali that even the cattle can not drink
it. At the top of the first range of moun
tains is the little town, consisting of but
three or four houses, of Stiens Pass; it
has been in the past, during (Jeronimo's
time, a headquarters for the silver min
ing camps which then flourished in the
immediate vicinity, but which now are
worked out and the town has come to
naught, and isnow nut a coaling station
on the line ol road. We then passed
over the grand, rugged mountains until
we reached Tucson, Arizona, a city of
about 1.8,000 inhabitants, situated in a
lovely valley in the heart of the moun
tains, and showing every sign of its an
cient origin, the population now being
fully two thirds Mexicans. Leaving there
the next point of interest was Yuma,
Southern California, where a large num
ber of Indians (Warm Spring) gathered
about the ears, radiant (as they seemed
to think) in gaudy blankets, feathers and
with hideous streaks of paint on their
already ugly faces, flere we remained
for about an hour awaiting the lepair of
some portion of our engine, which had
become disabled in some way.
We left Yuma (which b.v the way is
said to lie the hottest paee on the terri
tory of the United States during the
summer months) and after a delightful
trip through the mountains and across
the various streams and rivers, arrived
in the lovely city of Los Angeles, on the
12thofthe mouth. Los Angeles wasnumed
by the Mexicans, and is a very old city,
having been in early times the headquar
ters .of tlie Jesuit priests, and many land
marks datihg back to those times, still
remain. The name signifies in Spanish
“the anaels, and we can assure you thaA
at. this time it is not a misnomer, for the
city its suburbs present from the
toj>s of the surrounding hills a scene
wprthy the inspired hand of Angelo, We
THE EXCITEMENT CONTINUES
. :
Porter & Vaughan’s
NEW GOODS AND LOW PRICES
CERTAINLY DRAWS THE TRADE.
AOtir buyer, Mr. IT. J. Porter, is now in New York, to purchase the
lost stylish and attractive stock of goods ever before shown in North Georgia.
The past week a big success with POBTEIt & VAUGHAN.
The people appreciate first-class goods at, reasonable prices, and we establish our
business on that basis.
Big drive this week at
PORTER &'VAUGHAN’S
in all lines. See and price our goods before buying, ,
Cl . fl !l! to see our etock of BOYS, MISSES AND CHILDRENS
, . We have received a full lir eof .the justly celebrated .?. F. Swain &
Go s Fine Shoes. We have them in all styles. French Kid, Dongolo Kid, and
Goat, machine and hand sewed. Truly a fine stock of children’s sheep at
PORTER & VAUGHAN’S.
Every pair guaranteed. They are strictly first-class. Pee them. Pee them.
< LUMEN s’ & BALL'S SHOES. A full line ladies and misses siims.
She our stock of HAMBURG EMBROIDERIES. The patterns are ex
quisite, the goods are fine, the prices are low.
Misses Blouse Waists at Porter & Vaughan's. -Tust the thing you
want, bee them. In b J
• : HOSIERY
we offer some of the GRANDEST BARGAINS you ever saw.
Ladies lull regular made hose at 25c, worth 40c. Ladies full regular made‘fast
black hose
*O.-.. worth 75c. Ladies rtguiar made Lst black India silk hose at fisc., worth f 1,00.
Gents full regular made seamless hose at 15c, worth 25c. Gents full regular m’pje
Oil Origan hose at -be., woiiu 30c. Gents full regular made bolbriean hose at 35c
worth 50c
Mr. “DOCK” CUN YUS is now with u, and will be pleased to are hi
friends and customers.
PORTER 8 VAUGHAN,
Dry Goods, Fancy Goods, Shoes and Hats.
had the pleasureof seeing great orchards
of bright yellow oranges, long banks of
lovely flowers, and these, with the ele
gant buildings, long shady streets, and
on every side the lofty snow-covered
peakspif the mountains adjacent, made
up a scene that will always be imprinted
indelibly on those who visit that lovelj
effcv.
We went down to Long Beach, and
there enjoyed the day in picking up
lovely many-tinted shells, and walking
on the endless stretches of billowy sand
that confines the beautiful blue Pacific
ocean, to its bed. The recollection of
Los Angeles will always be a source of
pleasure tons, and we left it with the
most profound regrets. We left there
the (sth of this month and arrived here
the morning of tho7th, and at once came
to this hotel for the three weeks which
wo shall spend here.
This city is fur different from Los An- '
getes, being old aud dilapidated in ap
pearance, there being but one redeeming
feature, and that is the grand State cap
ita 1 building, in thecenter of which stands
a grand statue of Columbus receiving
from Queen Isabella, of Spain, her prom- j
ise of assistance necessary to the fitting
'out of his vessels for Iris voyage in search
of the new world.
At Los Angeles thourands of people
attended the meetings at the Hazard
Pavilion, and some 2,000 gave their
names to the pastors of the various
churches, and when we left there it was
with the regrets of the [Min pie who said,
"Mr. Jones, don’t fail to make.us another
visit soor., and number us among your
best friends.” From 4,000 to 5,000 per
sons at tend the meetings here twice a
day, and many conversions are already
made, and the most intense interest man
ifested in the meetings. We shall leave
here the 28th inst., for San Francisco,
w here we shall remain at Hie Occidental
Hotel for four weeks and then start for
our dear old Georgia home.
Wi have all enjoyed this trip very much
hut are getting somewhat homesick now
and are glad that we will soon be back
homo among you all there.
AH join in love and best wishes to you
and all the friends there, and trust that
your efforts may be rewarded with suc
cess. With kindest regards, we are,
Yours very truly, Bai l Jones,
. Robert Jones.
Low-necked dresses are going to be
very popular with tie lovely young du
dines, because if they should catch cold
wearing them, haven’t they got Dr.'Bull’s
Cctugh Syrup to cure them?
UchUi ol Mrs .las. H. I .owe.
Mrs. Lowe died at the residence of her
son-in-law, Hon. J. W. Harris, .Jr., in this
eitv, on t he lstinst., and was laid to rest
in our city cemetery on Monday morn
ing, after a most beautiful and impres
sive funeral service at the Episcopal
church, conducted by Bishop Beckwith.
M*’- and Mrs. Lowe came from their
home in New Orleans a few months ago
to minister to their daughter, Mrs. Har
ris, and with burdened hearts, bore their
loved one to the tomb. The tender little
ones left them, had their loving atten
tion, and they lire now doubly bereaved
since- the grandmother, to whose heart
they were so dear, bus also gone to her
eternal rest.
Mrs. Lowe was possessed of those win
ning traits of character that bound her
by strong cords of love to all who knew
her well. She was a consistent member
of the Episcopal church, aid was most
happy when engaged in works calculated
to build upthe Master's cause. A fitting
tribute to the memory of this noble
woman will doubtless be prepared by one
who is qualified, by a full knowledge of
her many virtues to perform the pleasant
task.
VV e were rejoiced to see her venerable
husband, who has been so very ill. able
to turn out, and trust that he may be
speedily restored to his wonted health,
and may he be abundantly supplied with
grace to bear the great sorrow which a
loving heavenly Father has seen fit to
send upon him,
Mv. Sain F. Milam.
The many friends of this gentleman,
and they are a legion, will be glad to see
his familiar “phiz” behind the counters
of Mr. It. W. Satterfield, that enterpris
ing merchant havingeecured his valuable
services as a salesman. There is not a
salesman better and more favorably
known in this section than Mr. .Milam,
and it was a piece of sound business sa
gacity on the part of Mr. Satterfield when
he secured his services. The handsome
store will soon be crowded to its utmost
with the handsomest of spring and sum
mer goods, and it will be pleasant as well
as profitable to call when they arrive.
Mr. Milam’s friends and acquaintances
in this section will accord him a most
hearty welcome on. the event of re-enter
ing the mercantile business after so long
an absence. Ho is as clever as ever, and
will give all the benefit of his superior
judgment and low prices wheirthey eaU
to purchase.
Two great enemies— Hood’s Sarsaparilla,
and impure blood. The latter ts utterly
defeated by the peculiar medicine.
NO. 39.