Below is the OCR text representation for this newspapers page.

THE MACON DAILY TELEGRAPH: TUESDAY MORNING, .DECEMBER 1, 1008 GREAT REDUCTION SALE Attend the Great 25% REDUCTION SALE OF OVERCOATS STAR CLOTHING CO. “ GAGER’S WHITE LIME” Is a little higher in price than other Limes, but it is PURE LIME, and by far the best and most economical for Brick Work and Plastering. Cheap Lime is dear at any price! Write ns for Delivered Prices. Carolina Portland Cement Co. Southern Distributors. Charleston, S. 0. Wadley Investment Co. Real Estate Insurance Loans List Your Property and Wants With Us We Move Tenants Free Grand Building.Telephone 627. As Manufacturers of ENGINES and BOILERS wo desire to call particular atten tlon to tho High Grade Engines wo aro turning out and to say that wo guarantee without hesitation that thero Is no better engine of Its claw put on the market today In the United 8tatea. The perfectly balanced valve makes it of high value, and the workmanship being first class, and a substantially put up engine, adapts It particularly to work requiring hard service. Wo aro fur nishing them to almost ah kind* of power planta and particularly Is ‘ * In saw mill, planing mill, c"~ "' “* * It being used largely In »«w wm. pwikub mm, uu nun, oouun mm, aim ginning plants. We are prepared to demonstrate to prospective customers who can give us a call that It has no equal. Write for full Information and do ao today. ADDRESS Schofield’s Iron Works Macon, Georgia. oil mill, cotton mill, and Imitators Flatter.. If you want the real genuine and only drink that stands the test, drink Bottled At All Good Dealers 5c D. F. & C. P. LONG Wholesale Wines and Whiskies, Imported and Domestic JACKSONVILLE, FLA. IMPORTED BRANDIES, GINS AND RUMS In Original Imported Bottling. ft.imtajr-a Thrw Star Otnoe ^j/Vj A. ft P. Leroy Three Star Cognac $1.50 Key Brand Jamaica Rum |m« HIM ft Underwood Dry Qln Mi Gordon Dry Oln Ml German AUasch Kummel. Ml IMPORTED WINES In Original Importod Bottling Cun I Iff*. Dobson ft Co Chateau Montot Claret ,,,.$1.06 Krott Lanbenhelmet Rhine i.ea Ntepoort ft Co. London Dock Port l.Xi Don Carlo* Sherry Mi Nicholas Oomss Malaga Ms Nicholas (kunet Mascatel Mi Krohna Campaaario Madeira.... MS IMPORTED PORT AND SHERRY WINES IN BULK T Bottled By Ua + IVr Qt r.rO.1 v Gomes 011 Fk/ntly Sherry ftvrs 12 se T Louie Kc .ter ft Co Anchor Port IN T. Wnte ua tor apeclal price# on above goods in cas« lata. T EQUITABLE BANKING & LOAN GO. SUSPENDED BUSINESS YESTERDAY Temporary Receiver Appointed by Judge Felton—An Aseured Deficit of Nearly Fifty Thousand In Com pany's Fineness. Upon formal application made by the board of dlrectora, Lhe Equitable Banking and Loan Company of this city, was yesterday morning placed in the hands of a temporary receiver, by virtue of an order signed by Judge Felton, of the superior court. An official statement shows that there exist# an aasured deficit of near ly 150.000 in the company's finances, the seine being attributed to lossea incurred In business operations within the last two years. Mr. R. L. Anderson was named tem porary receiver, and Immediately fol lowing his appointment the offices of the . association were closed, and all of the company's books, finances and affairs were taken in charge by him, Mr. Anderson was required to give a bond of 35.000. The Insolvent concern was organ!*- ed and chartered on May S3, 1833, un der the name of the Equitable Build ing and Loan Association, but in 1901 the name was changed to that of the Equitable Banking and Loan Com pany. "And In addition to the build Ing and loan bualnesa originally dene by said company said company has since that date loaned money to per sons not members thereof nor share holders therein." Is the statement made In the directors' petition for a re celver. Statement by Directors. The following statements are also made, being subscribed to by Messrs. George A. Smith, president; Winshlp Cabaniss, vice president, and J. Sanders, nil of whom are directors: "Petitioners show that for tha past few years cald company has operated under very unfavorable business con ditions, and during the last two years particularly has sustained very heavy losses, and petitioners, as directors of said company, upon carefully going over its aaseta have discovered that the assets are no longer sufficient to meet and discharge the company’s lia bilities, and tha company is Insol vent. "Petitioners show that upon learn ing the extent of the losses, your pe titioners discovered that it would be no longer possible to contlnuo busi ness of said company as a going con cern, and that such a state of insol vency existed that It would not be Just to the creditors or to the stock holders of the company to receive de posits. Incur new liabilities, or pay out Its assets, except ratably and Just ly to all creditors, according to their rights, as the samo now exist, and that for such purpose It will be neces sary to Immediately suspend busi ness and go into liquidation. “The assets of the company consist chiefly of long-time loans on real es tate, payable In monthly Instalments. "Tho Item 'suspense account' rep resents losses Incurred by said com pany, the greater bulk of which have been Incurred during the last two years." The suspense account Is placed at $42,483.01. Continuing the petition says: "The remaining assets are deemed to be good assets save and except that the Item "equipment account" will largely depreciate In value on account of the enforced liquidation of the com pany. and the item 'unpaid Instal ments for stock* will be in part con sumed by the counter claim or liabil ity of Instalment stock, and save and except that the loans Include a large element of unearned Interest, which would probably have to be eliminated In fixing the present value of the as sets of the company.** The Defendants. This application for the appointment of a receiver is not signed by two of the directors, to wit. Messrs, w. J. Grace and A.. Block. .The Home 8avings Bank, ai/trustee for the bondholders, the bondholders. a*d the stockholders are made defond- anta In the dlrectora' appeal fbr liqui dation. The bondholders • are the American National Bank. J. W. Mill- Irons, Henry-J. Lamar and JL A. Hart. The stockholder# are as follows: Miss JaAe Goodall. D. ©. Frederick of Macon county, D. B. Frederick as trustee, M. Craven, Mrs. M. E. Phil lips, 8. I* Taylor, Rev. F. Baxin of Augusta, Mrs. Ida F. Johnson, James C. Sanders, Mrs. Martha Williams Lo gan, B. H. and A. P. Wright of Thom as county, F. Disroon, A. Block. W. J. Grace. Mrs. Mary O'Connell Groves, Anna A. Moore. Henry J. Lamar and R. A- Hart ar* named as the largest depositors. J. W. MUJirons la the holder of the larrest number of certificates of de posit. By having In Its custody security deeds and mortgages to the amount of 833,560 the Home Savings Bank, as trustee for the bondholders, is insured against any loss whatever. The general Indebtedness and liabilities of the Equitable Banking ft Loan Com- pany^are, as stated by the directors, as «... Indebtedness. Bills payable $ 4.0fl Bonds 18,10 Certificates of deposit Pass book accounts 51,CIS.72 Liabilities to the Stockholders. Instalment stock . First dlvldeod st Paid up stock Preferred stock TOtal - |10S.«78.1B The directors state: "The aggregate of the liabilities is considerably In excess of tbs existing assets of the company on account of the large Items of loss." Assets. The statement of assets follows: . _ Real estate loans 2 3.100.00 Bills receivable 53,240.47 Stock loans 554.00 Cash on hand 305.98 American National Bank 161.47 Commercial National Bank 4.93 Exchange Bank 1,529.87 Unpaid instalments 1,030.00 Sundry accounts 56.54 Lot on Pleasant Hill 60.00 Furniture and fixtures 400.00 Equipment account 4.461.91 Suspense abcount 42,483.01 The Equitable Banking ft Loan Com* pany le known throughout the country ““ In China and other Asiatic coun> ries. While the banking business done by he institution was not very large, as hown by the pass book accounts of $51.- 000, there were hundreds of depositors, especially among women and younger people. The company^was generally be lieved to be In souna Condition, and It was not until Saturday night. It Is stated, that the dlrectora ascertained the true condition of the finances. Early yester day morning • the application for receiv ership proceedings was presented to Judge Felton, and the offices of the company wore thereby Closed at about the time of tho regular opening hour. The fact that the association had aua- pended business did not become gener ally known until late, in the afternoon, ‘he written notice on the door attract- ng only little attention. Judgo Felton has aet Dec. 12 as the day for the hearing of the dlrectora' ap plication. and ttJls believed that at that time a permanent receiver will be ap« pointed. Asthma Suffarers Should Know This: Foley’s Honey and Tar has cured many cases of asthnvv that were con sidered hopeless. Mrs. Adolph Buss ing. 701 West Third street. Davenport, Iowa, writes: A severe cold contract ed twelve years ago was neglected until It finally grew into asthma. The best medical skill available could not f ive mo more than temporary relief. Olsy's Honey and Tar was recom mended and one flfty-cent bottle en tirely cured me of asthma which had been growing on me for twelve years. If.I had token It-at the start I would have been saved years of suffering." II. J. Lamar ft Co., near Fourth Na tional Bank. AN INFANT GLASS OF BURGLARS MAKE OPEN CONFESSION DF JOBS THE OLDEST POLICE 0FFICER8 NEVER HEARD SUCH A STORY OF CRIME BEFORE—BURGLA RIES, LARCENIES AND HIGH WAY ROBBERY GALORE. Never within the‘memory of the old- est policeman In Macon has such a story of crime, ranging from the theft of a box of matches from a feeble old negro woman to the snatching of purses from the arms of ladles walk ing along the streets, been told In the recorder's court, or any other court, for that matter. Standing before the bar In the re corder's court yesterday morning were three negro boys, ranging In age from 12 to 17 years of age. all In knee pants. These were William Pritchard, who lives at 423 Monroe street; John Rockmore. alia# S. T. Darby, who Uvea at 505 Monroe street, and LAurin Smith, who live* In Crafte alley. They had been arrested by Detec tives Jones, Smith and Harrison, and wero charged with larceny, burglary and highway robbery, complete cases were made, three of burglary, one of larceny and two of highway robbery. Each accused the other of the va rious crime*, and each went into such detail that It was easy enough to con nect at least two of them and In some cases the entire' trio. They told of «t how they entered the houses and stole the things and how* they de posed of them. They went Into a ne gro'* house by breaking In a rear win* dow and stealing a savings bank con taining $45 and how they threw the empty bank Into the branch on Jeffer son street. They told of how they wqnt Into another house and atote all the clothing. They told of how they went Into tha house of an old woman and. finding nothing stealable therein, took the old woman's box of matches and a key. They told of how they stol# a bicycle from a negro boy and sold It for two dollars. Denied the Purse-Snatching. Then when It came to the purse- snatching there was but one accused. William Pritchard, and while he had been liberal In his confession ns to burglaries and larcenies and other thefta, he balked on the purse-snatch ing and denied that he had ever snatched a purse, notwithstanding the fact that there were two ladies In court who Identified him as the boy who had taken their purses, and one of the purees containing a dime with a hole In It ard a piece of string, and that this x^as found in the pocket of hie partner In all the other affairs. Their plan -of operation, ao far as to the entering Of a house was concerned, was explained by them. They went In pairs, and one would watch on the outside while the other would knock at the front door. If the door was opened, or there was any response from the Inside they would have made a casual tnouiry as to some person and gone away. Then the rear door was tried In the same way, and If no response they knew there was no one at home, and their Job was to get In. and they did not hesitate as to what means they employed for the purpose. While they have been operating with considerable success, never, .being caught, and seldom meeting with fail ure. tbelr life was not without Its thorns. Frequently they quarreled over the proceeds of the burglaries, in the case of the stealing of the savings bank. Pritchard represented to Darby that he got only $27.50. wh.ch waa dl- FOR RHEUMATISM RheumaUsfa is causrJ by an cxwss of uric add in the blood, which gradually ta into the circulation hecatwe of indigestion, constipation, weak kidney action, and other irregularities of the system which are sometimes considered of no importance. This uric acid causes an inflamed and irritated condition of the blood, end the circulation instead of nourishing the different I»rtions of the body, continually deposits into the nerves, muscles, tissues urn! joints, the irritating, pam-producing acid with which it is filled. Rheu- I ! n "L ,f, " c “°° 1 V 1 t ; e,!red ®yn thorough cleansing of the blood, and this is i n . 5t *>• .S- » does. It goes Aiwa rate the circulation, and by neutral- ! i.-ing the unc tad and dnvmg it froq the blood, effectually and surely | removes the cam*, a & & strengthen and invigorates the blood so that I, ,lc T“ f 1 "** •opt * tre " n .- casting pain sa l agony thoughout the ays- tem. it become* an invigorating, nourishing fluid, famishing health and | vigor to tvery part of the body nnd relieving the suffering caused by this ...iseoae. b. S. S. being a purely vegetable blood purifier, is the surest and safest cure for Rheumatism iu any of its forms. Bock on Rheumatism and lay medical advice desired sent frooto all who write. THE SWIFT SPECIFIC CO.. JMtARFA. GA BS AD this offer We Guarantee Parisian Saga to Cura Dandruff, Step Falling Hair or Itch ing of the Scalp, in Two Week*, or Money Back^—Giroux Mfq. Co., Sole American Makers of Parisian Sage. The above Is an offrr we are most proud to make. It Is an offer that no man or woman need be aahamed to ac cept. Parisian Sage la the quickest acting and most rejuvenating hair re- r in ?h- world. Ita magical qualities have made It famous wherever it haa been intro duced. It la the only hair restorer sold with an absolute guarantee to cure dandruff, stop falling hair or itching of the scalp. It curea dandruff by killing the germs, and It kills them so promptly that the most skeptical give It their warmest praise. (But Parisian Sage Is more than a cure for dandruff—*t will make hair grow on any he*ad where the hair bulb Is not altogether dead. And we want every reader of The Telegrgpb to know that Parisian Fag*? Is the most delightful hair dressing In the world. It Is so pleasant to use. and Its effect Is so Invigorating and refreshing, that It pleases everybody. And to the ladles ■we wish to empha size the fact that Parisian Bagel* the only hair tonic In » I 1 J the world I ,1 guaran- Uf teed to - ¥ make the hair grow luxuriant i/7/ soft anc beautiful The girl with the Ahburn hair Is on the outside package of every bottle of Parisian Sage. King & Ollphant sell It for 50 cents a large bottle, or you can get It direct, all express charges prepaid, from Giroux Mfg. Co., Buffalo, N. Y. vfded, and It was not until the man who was robbed told that the bank contained $45 did Darby know that Pritchard had swlndled»h!m out of the right half of the contents of the bank, and even then, with the Jail doors opening before them, Darby showed his anger at Pritchard. Ha was then eager to tell all he knew on Pritchard. Provided With Keys, These boys had key# to fit all locks, from the nlght-latch to the ordinary’ house lock. It warf.pnly when thfc keys failed to fit the locks of the marked houses did they break in through win dows. , „ It was a noticeable fact that they stole only from negroes, the purse- snatching being done only by Pritch ard. and this he denies doing. The recorder committed them to the superior court on three of the charges of burglary and one of larceny, whine Pritchard went up for highway rob bery. The detectives stated In court that these were only a few of the robberies committed by these boyp; that since their arrest numbers of negroes, some of them on Pleasant Hill, had reported how their houses had been robbed and that these boys had been seen in the neighborhood, but they looked like such good boys that they were not suspected. The detectives eay that the burgla ries may cease now for a short while, but only for a short while, as there are other boys now growing up wh will take their place. At any ra*e, the revelations of yesterday morning wire remarkable. CHARGED WITH THEFT OF SEEMED AS THOUGH THE BOR- DER DAYS OF OLD WERE HERE Again—both given peniten- TIARY SENTENCES. It seemed as though Father Time had turned back a few pages of his book of life, and the border days «f old were once more a atehi reality, when two horse thieves were tried In the superior court yesterday morn ing. Court officials state that such cases are by no means rare nowadays, but It la very seldom that one day furnishes for any court two trials for the theft of horse flesh. John Amos, a negro, pleaded guilty to the charge of stealing a horse, one that he slipped from the yard of Mr. F. A. Moore, in Vinevllle, and drove into the country. There were no ex tenuating circumstances, simply a plain case of horse stealing, and ac cordingly the Judgd Imposed a heavy sentence. He was given seven years In the state penitentiary, at hard la bor. The other caae was .different In many respects. The defendant, W. H. Simpkins, a young white man, was charged with stealing,- atole a bay mare from air. H. G. Kimbrew. ar.d took It out of town. It was proven, however, that he frequently suffered with epileptic fits and waa practically an Invalid. The judge stated that while this did not excuse tJc offense, he would Impose only a ' light sen tence, giving Simpkins a year In th6 penitentiary. A physician from Mont gomery. Ala., testified as to the de fendant's physical condition, while the young man's father made an earnest plea for demtney. Medicine That le Medicine. "I have suffered a good deal with malaria and stomach complaints, but I have now found a remedy that keeps me well, and that remedy Is Electric Bitters; a medicine that Is medicine for atomach and liver troubles, and for run down conditions," says W. C. Kleatler. of Halllday, Ark. Elec tric »Bitters purify and wnrlch the blood, tone up tho nerves, and Impart vigor and energy to the weak. • Your SHIPPING NEWS SAVANNAH. Ga.. Nov. 80.—Arrived steamers Georgia, Martlnollch. (AusJ Norfolk; Harlyn. Thorburn, Fernan- dlna; schooner Pendleton Brothers, Hayes, Caibarlen: steamer Merrimac. Pratt. Philadelphia. Sailed steamers Parthian. Berrr. Philadelphia; City of Memphis. Drey- er. Boston; schooner Qhaaklll, Staples, Belfast. Arrived schooner Charles K. Valen tine, Walker, Charleston. CHARLESTON. S. Cs Nov. $0.—Ar rived steamers Apache. Staples. Jack sonville and proceeded for New York; Mohawk. Kemble. New York, and pro- seeded for Jacksonville; Theodore Weems, Hall. Baltimore, via George town. Sailed schooner D. Howard Spear, Wilson, New Yrk. Jacksonville! Via.. Nov. 10.— Arrived steamer Comanche. Watson. Nev^ York: power yachts Rowena. A3 bany: Alameda. Savannah; schooner Herbert Fuller, Nashville. Brunswick. Salted steamer Huron. Staples. New York: atchnoners Hattie CJ. Luce, Coop er. Portland; Ljdla M. Deerlr.g, 0*m- age, Boetoo. Clothes Enter Into Most Business Deals There are probably a dozen occasions in a year when a real business advantage is either won or lost, because of the clothes you wear. On.any one of these occasions the money at stake wonld he more than the cost of the best snit you ever owned. You’d better get right with your appearance. It’s greatly worth while. FOR WEDDING AND ANNIVERSARY GIFTS, FOR DECORATING THE HOME, FOR SOMETHING OF PERMANENT VALUE, Sterling Silver, Rich Cut Glass and Fine China Have Always Been and Always Will be the Recognized Standard. * THE PLACE TO GET IT IS L. 0. STEVENS JEWELRY STORE 366 Second Street. • IN SELECTING YOUR BANK give careful attention to the stability of the bank and Its willingness to co-operate with patrons In the development of their business. Our customers value and "bank on" our willingness and ability to aaslst them In every way consistent with safe, sound banking. Whether their account be large or small we appreciate their patronage. This makes for a mutually satisfactory and profitable arrangement and for the future well-being of both'bank and patron. We shall be pleased to have you open an account with us. Commercial National Bank E. Y. MALLARY. President. W. P. WHEELER. Asst to Pres. CECIL MORGAN,'Vice Pres. J. J. COBB. Vice Pres. E. N. LEWIS, Cashier. The Empire Electric Co. Successors to S‘ngletoa»Mountford' Electrfo Co. Now under management of WILLIAM J. MOUNTFORD, JR. Efficiency, Competency, Promptness Everything Electrical by Electrical Experts Office 614 Mulberry St. (Pythian Castle). Phone 117. Residence Phone 134 “A Stitch in Time eaves nine," says the proverb, which being adapted Ho our business means buy your buggy now tor both present and future needs. Our present offer ing of runabouts Is so much under price that it Is very doubtful If you can duplicate It. Be wise therefore and buy now. You have much to gain and nothing to lose by accepting our suggestion. 218-220 Third Street. Phone 2545. DON'T LfcT THE BOY PAINT up everything around the house with any of our paint left over from the Job. For our paint Is as hard to get off as It Is easy to put on. That Is a virtue you will appreciate when you find how seldom you have to renew tha coat you put on now. It ataya brighter longer thiin any other paint we kn°vr* ' ... WILLINGHAM SASH & DOOR CO., 467 Third St., Macon, Ga. Willingham W arehouse COTTON FACTORS BHIP US YOUR COTTON AND GET THE BE8T RETURNS MACON, GEORGIA