Newspaper Page Text
IS HOPELESSLY INSOLVENT.
%I 13 ITOK II \ MMOMVS RKPORT ON
SOI I KMR> Ml 11 iL
Min-r* tli*- \*oclntion '..! %l*ott
#.V)o,n'! from Hie Time of lt <>r-
U;> ni/ation to tlie \|t|iinimonl *ll
tl-- need \ *r*— Stockholder* Who
K'lifU Nolleon of W ithdrnunl. Not
Ei titled to Vn> Preference—Other
l)<ri"ion in the < *i**.
At *nta. June 9.—Auditor T. A. Ham
mond tiled his report t .-lay in the Sou* It
em Mutual Building and L it As- -ela
tion fa: * o wl ii Judge J A. A .<• n
of lbJ(&> city and M A. O’Byrne of Savan
na ;i fro io-rctiver.-
On* ot the most important ques ion* o
law tV-. i Jed by Ai r . Hammond > *-i
the ookhoiders who ad nUd no i ■ of
WKhd aWdl should not be allowed . i.y
j ence over other stockholder*. He
held that yvr.hd: awing members wire not
emit i-i to tank as cte*)i:ore.
An Cher imp-riant point was the rising
of t = l.a uiiny of the borrow*.*- M:
Humeior.d rendered judsno i ’ in favor o:
the j.ssot iarion and again* th . ites
l'aihv Sav:: Bark for I* wa*
chanted by the i -eiveis that th* bank
had operated with the AmerUun Bud-dug
and A.-so.ia . i to quire k *•
the Souther . Mutual. T • sto k w
was acquired wa.~ alleged to uove e*:ii :
matured bofor* its t.t:.• t. rough u '.g:
nieni witii W. C. Hu: . Tho auditor hei .
the transa lions between the bank and
tne Southern Mutual wore illeg 1, hut he
does not charge collusion between tho offi
cers of the tank and Hale.
In the suit against the American Build
ing and Ivan Association, the auditor
found in favor of that concern, giving it
the benelit. h< said, of a grave douat in
h.s mind. The report sh .vvs * • t~- • iati ui
lost o lout $-V .•* from the Dm- ot its or
ganize! ion to the appointment of the re
ceivers in February. 1897. The following ;s
an extract from the report:
I'igurcN From the Rookw.
4 From the bxks I find that the total
amount of credits, that i-, the amount
paid by the stockholder- to the associa
tion. from its organization to Feb. ff. 1897.
was SI.BOO/00, that the debts, including ex
penses and the amount paid to withdraw
als was $928,047."k. and that the tota.
amount that should have been in the
treasury represented by notes.‘*.nd.*.mort
gages or oilier evidences of debt at the
.late of the appointment of the receiver
• I find tiiat the total araoait of a ><■ * -
a.* shown on statement, <:xhl>U No. 2. ns
taken from ih bo k.-. assets being
token at their face value &nl no*, ir. iufiiisp
certain dlspnrej < iaims. was $659,628: tha:
Che uxal wet making
a not shortage of $231,166.33, and that tlie
estimated total loss, as shown by exhibit
No. J from the organization of the oj*o~
ciatioci to the appointment of a receiver
was $349,430.67. “
The total i mount paid in by slok
holdcrs was found to be $931,409.50- Th *
number of thares outstanding at the tini
of rhe receivership, was 29,653, three
fourths other than those filed for wli.i-
Urawal. I'nder the associations’ rule of
settlement, there would have been due on
these shares $1,497,107 03. According c*
the company < estimate, the amount due
members, who had tiled applications far
fvl/hdrewal, would have been $161,557.31.
If all the stockholders had withdrawn
their claims on the date of the appoint
ment of a receiver, it would have be>-n
Mr. Hammond found the association
was hopelessly insolver.t. Th< auditor
held the withdrawing members were no:
creditors, and were no entitled to any
l/F \til II TO MEKT.
44iiration* of Importance to lie IMw
cuiiMed in Atlanta.
Atlanta, June 9.—The Southern Indus
trial League will hold its meetings in At
lanta this year on July 18. 19 and 29.
The convention this year is called to
issue a publlt address, setting forth the
views of Southern business men' on na
tional policies affecting Southern business
interests. Well-known business men in
ell sections of the South will be invited
to attend, and the governors of the sev
eral Southern states will be requested to
name sj>e'-ial delegates.
Important questions will be discussed, as
Would the South be benefited, commer
cially, by territorial expansion?
Would the South be benefited, commer
cially. by the development of American
shipping, and if so, do Southern business
men advocate or oppose a system of gov
ernment subsidies ns a means of develop
ing an American merchant marine?
Would the South he benefited, cotnmer
'ally, by lower import duties? Would
the development of nianufa ‘luring in the
South be impaired, ot aided, by a change
in the present schedule of import tariffs?
If so.twhat do Southern business men
recommend as a basis for readjustment?
Would the South he benefited, commer
cially, by a change in the present mone
tary system? The question of free coin
age will be prominently before the public
during the coming campaign; hence the
question is n vital one. The convention
w 111 voice the opinion of Southern business
men on this important and much-disjussw]
Would the South b benefited, conimer
oiaily, by a repeal of the present bank
ruptcy low? This law has been in ojjeia
4ion long enough for fair trioi. and the
convention will declare for or against Us
urwoHTii ilac.ii; um;i'iv.
Preparation* for i-Jntertninnient !
Conference In Home.
Rome, da., June 9.-—Preparations are
being completed for the entertainment of
the Georgia Epworth League Conference,
which meets in Home on Thursday. June
2 1 . About 600 visitors are expected.
Homes for nearly all the delegates have
been secured. A splendid programme has
lteen arranged for the gathering.
The following i in outline of the p.o
--g ram me:
The opening session will he on Thurs
day evening the 21st. The speaker of this
service will hr Rev. J p Me Ferris, D. !>..
of Birmingham. Hi- them will be “The
011 Friday morning and ifternoon the
work of the devo- onal and charity trnd
help departments will be under considera
At 11 o'clock on Friday morning R, v.
H. K. Belk. D. T>., of Klbrrton. will give
B resume of the reeent Keumenlcal Con
ftrenee held In New York city.
Friday nigh' Rev J. C. K ; Iqo. presi
dent of Trinity t'oll-'ge, North t’urollna.
will speak on the twentieth century move
Saturday morning, at 9 o'clock, the
work of the literary department will bo
discussed. At 11 o'clock Dr. H. M Du-
Rose. general iOpworih League secretary,
Saturday afternoon the business sos- !
slon of thr conference will be held. On ]
the evening of this day Hon. Harlow r;
Willingham of l'orsy h uu-1 lion. Dupont
Guorry of Maccn will sp.ak on "Tempi 1-
Sunday afternoon 0 piogramme on the
Junior League work will h- given. Fol
lowing this. Dr Du Bose will deliver an
address on "Child Nature."
The dosing service will he held on Sun
day evening Rev. p. Cobb of Nashville
will speak on "Missions,” Hnd close the
conference with a love least.
“Necessity is the
Mother of Invention.
It zuas the necessity for an
honest, reliable blood purifier
and tonic that brought into
existence Hood’s Sarsapa
rilla. It is a highly concen
trated extract prepared by a
combination, proportion and
process peculiar to itself and
giving to Hood's Sarsaparilla
unequalled curative power.
Irs •auonderful -ecr:d of ru.es kds -nude
n G.es'esi Meiiu-e.
Rosy Cheeks " 1 hsve good
heslth i-d rosy rhteks. thsrks to Hood's
St'ssct'ds. h budds rne up sod
sa-es do:-or huts." Vs.y A. Burke.
Esst C.i • Sr.. Ird.jL-.spoi.s. l-d.
flood’* Pi * 'nr* i; ve* r ill* tSf non irrltAttrc rd
ci ) -rttmrtic to take with ~H,od‘a >ar->^|4r.iU~
SPECIAL NOT I CBS.
M’Mt I \l. NOTH K.
“( MTAIV SWIFT."
The Play Committee of the Daughters
of the Confederacy beg to announce hat
owing to the illness of s me of the mem
bers of the oast of the play of "Caf.nn
Swift” it will be impossible to p etent the
play before the full.
The committee has th* positive insur
ance of the mat .igemu.t cf the <• in. any
thv.t th- play wi.l bo given tally in die
fall, and the iitk*i> that h. v been * M<l
will be honored at that lime. Du nctic
will be given in the - i:y papers when the
pl.y will be produced.
The committee desire to thank t e i üb
li for their kind interest in the pa/, and
beg o state ihat if anyone is dissati- *1
with th* une void able post lorvement hey
can, on presentation of tn’eir tickets o
Mr. hi. M. Branch, have their money re
Any money paid for advertising spa e
will also be refunded on request, olhet wise
advertisements will apt ear in re po
gramme when play is produced.
Illlb IMR M ri’IJKS FOII S I PIT
\MT Alt 11 M, >lll-LFIM.FV I.Li;, t.
Scaled proposals will be received at the
office of the Piudcmial Committee, Geor
gia State Sanitadum. until the 20th day . f
Jure, lb n. m.. next, to furnish this insti
tution with the following classes of sup
ples for three months:
Dry goods, notions, domestics hosiery,
sheen, hots, gi’o cries, meat, ll tr. Ur l.
syrup, hay. oais, bran, corn, brooms.c rock
ery, glassware, hardware, piping, p um ing
supplies, w hisky, spit is turpentine, urugs.
Samples sent in with bids, if deemed
needed and reasonable in price, will be
For particulars and specifications, or any
further information, address.
DR. T. O. POWELL. Supt.,
S\u: OF MINK IP\I, HO MIS.
Sealed bids will be received by the Bank
of Staterboro till June 23, 1900, for the sip
of slu,uoo of municipal bonds offered by the
town of Stateslioro, known as the “States
boro School Bonds. 4 ’ Said bonds b> bear
date July 1. 19CH*, and the principal to be
come due as follows: 12.300 July 1, 1905;
$2,500 July 1. 1910; $2,500 July 1. 1913; $2 590
July 1. 1920.
Bonds to bear interest nt 5 per cent, to
be paid annually. Each bid must It ac
compauied with n certified check to: $ 09,
to insure gco-1 faith, which ehouli be en
closed to J. \V. Wilson, Mayor, care Bank
of Statesboro, Statesboro. Ga.
J. W. WILSON, Mayor.
* “A 91 HE Cl HE.”
Have* you Indigestion ? If you
lanvc* e Mill uunrnntee relief, and
If our dlreetionn nre followed, will
guarantee u cure or no pay. \k
your druggikl for n bottle of Blont'n
Vegetable Bitters at once. \\h>
wuffer when you can e| relief?
Slant 4 * Vegetable llitterw will
make jour eliildreu atrong and
011 l ANSWER.
We arc often asked how we account for
the large soda water business that we
have established at the
MASONIC TEMPLE PHARMACY.
We try to make the best, we employ
competent help, and use nothing but pure
ingredients. Our cream and sherbe .s are
made from fresh fruits only, and our
soda’s from pure fruit stock, with io k
candy syrup, and we make a point to be
prompt in HUing all dinner or other orders
either in cartoons or packet in ice.
L. V STRUHOX, Manager.
Corner Liberty and Whitaker Stic t*.
oil. FOR M A t i t SKll£.
SUNDAY, 10th. AT 3 P. M ,
Music and refreshments.
Dancing on Island.
GEO. V. BEACH. Manager.
fitPlS< lAL NOl h # i:
The Merchants* and Miners Transporta
tion Company will have on sr.le by -team
ship 1) H. Miller, appointed to -all Juno
14. special excursion tickets to Republican
National Convention, Philadelphia.
For particulars apply ticket office. No
39 Bull street.
Prom Sept. 1, 177 Congress street,
non occupied by >l. Dryfim. Apply to
11. 11. Levy A llro., Broughton
nit. a. Aionmsov
will return to the city to-day and resume
his practice at No. I Henry streit, west
HEAL ESTATE AND INMHYYCE
We buy and sell real estate, collect rents
and negotiate loans on same ,-.t 3 pr cell'.
Represent ihe Travelers' lueuiamc ton*
puny, accident and liability dopaitments.
Itepresent the New Yolk Underwriters
1 Fhr Insurance Agency and the Phoenix
| Mutual Life insurance Company.
All business entrusted to us will l>e ap
predated and will receive prompt and
I No. 37 Bay, east. Telephones 348.
W. C. FBIPP & CD.
THE MORNING NEWS: SUNDAY. JUNE 10. 1900.
>1 A It R I AGES.
K.RIEGSM AN—li ENTER Married, in
this city. June 7. by the Rev. I. P.
Me tides. Mr. Pumuel Kriegsmon of New
York city, and Miss Tcssie Hextet of bi
MALT MCI AD.
(i* a i ii\ i ::•>.>
NO VLt CIIOL. NO DR t <.S.
Malt Mea 1 is n.n id- al slimmer drink.
Can be freely used with great benefit by
the entire family, from grandmother to
baby. For u.osc who do hard liber it is
Just the tiling, is it revives and refreshes
Alait Mead also gc-ol for those who fill
responsible ]><*: itions. bting n uon-;timu
lam. it can u.ed without fepr of re
sults. and for tho mar. who must t ;ke a
• 1 iy. 4 nip 4 ' Malt Mead is an unrivaled
■'chaser" for c itching at and &oo king # the
For on* suffering from an “ove.dose.”
Malt Mead is a veritable “Balm in
Gilead. 4 and is indispensable in the
In short, instantaneous re ognitlon and
sn* ess hah been a corded the 20th century
Fa mil Beverage. To be found, respect
Telephone 20. 1001 Henry street, ea - t
Dinner t> to 9 j>. rn . Sunday, June 10.
Little Neck Clams on the half shell.
Tur i .
Kedfish au Cos ir.boah <.i
Potatoes ala Morcha.e.
Tomatoes, with French Dressing.
Chow Chow. Mixed Pickles. Que n Ol.ves.
Ribs of Baltimore Beef, Dish Gravy.
Stuffed Squabs, with Game Sauce.
Hari ot of Lamb n la Rourgcoise.
Spanish Fritters. Rum Sauce.
New Garden Peas, New Potatoes.
Mashed Squashes, Rice.
PASTRY AND DESSERT. .
Lemon Custard Pie, Assorted' Cakes.
Cheese. Crackers. Fiuits.
At LEVAN'S CAFE RESTAURANT,
PI ( o.igress street, west.
<O A *IR N 'll NT MALE (iOODS
1,000 Flat, deep and pickle di.-hee.
1,500 Agate Saucers.
80*9 Agate Cups.
850 Spring Cots.
450 Oak Cento! Tables.
500 Folding Tables.
250 Folding Chairs
S3) Window Shades.
Silver plated Knives, Forks and Spoons,
Air Cushions. Meat Grinders
1,000 and over articles for sale.
1 have recently purchased the entire
.-cock cf James S. Silva, and it will be put
on the market next week also, and sold
along with the government good.-.
113 Barnard Street.
I’ll KSEIt V E VOIR SIGHT
By wearing glasses that not alone enable
you to see, but correct every defect that
There is no guesswork in our methods
We have the latest and mest approved
scientific app:. aius for accurate eye test
ing. We make no charge for consulta
tion or examination, and should you led
the services of a physician we will frank
ly tell you so.
Our crystal lenses are perfect in every
respec t. being ground under our own su
pervision. They cannot bo compared n
value to the kind offered as cheap by the
so-called opticians or jewelers who han
dle Inferior glasses as a tide line.
DR. M. SCHWAB & SON.
Exclusive Opticians, 47 Bull Street.
N. B.— Oculist prescriptions filled same
day received. Repairing done at short
fIXTKK.NTM A\M M. PH \j<
German Aid and Benevolent Society
at T> lice. Thni'Mdny, June It, llititr.
l.aneli and l<*e t'rrniu will he
served hy the ladies of the society.
Tickets art 1 good for all trains.
t'OMMJTTKra—A. Hess,'l, t hair,
man, C. l.itug. E, A. >l. Schroedcr.
H. V. Ileulsler.
WULE’9 I LOW ldt> Vl' lItMDVS.
1 have arranged with Paul Conlda to
carry at his Bui, sttet stole at all times
a full supply of Fresh Cut Flo a e He
will also lake orde-s for Designs or any
special older (ci bpeciul o oaalons.
Telephone No. 597.
DOOILS, SAAII, BI.IADS^
And everything in the building material
line. We 01 e headquarters for these
goods, with the largest and most com
plete stock in th. boutli. Buy White Pine
Doors. Sash and Blinds tor your new
AYDIt 17W H \YLEY COMPANY,
mi 1 t'Llii I. \Mi's.
At! kinds of gas lamps for bicycle.- at te- 1
duced prkes at
THOMAS' BICYCLF EMPORIUM.
Phone 949. 114 Drayton street.
P. S- Headquarters for repairing, enam
eling and vulcanising.
■ • pocket you can refresh your
\ memory with the pleasant
happenings oi a vacation.
rnrr J>emo ns t ration rn r r
rKrr All the Week, HJff
1 nkui JUNE 11 to 1(. ■ ®
Beginning 1 Monday morning and concluding Sat
urday night, Mrs. Rees will demonstrate the cele
. : VAN KAMI*:.
RAKED BEANS. SOUPS (all sorts) , VEGETABLES (all sorts),
CANNED MEATS (all sorts), CANNED GAME all sorts).
The ladies of Savannah, whether our customers
or. not, are respectfully invited to attend.
/V\ LJ NSTEFrS,
Phone 554. Duffy and Drayton streets.
K.o!gSnt s> s Pharmacy,
NA’e will sell one bottle to our regular Customers only. Monday, h j.
Coke s Dandruff Cure 50.- 1 Beef Wine and Iron 69
Wine of Cardui 50c Celery Compound and Coon
Wine Cod Liver Oil ,'oc Sa.-safras and Sassafras Cos 50
Simmons l.ivcr R.gulator (largo ‘ ~V v„ Thermometers „
BradfieM’s Regulator 50c Trusses :o
Mothers 4 Friend 10 Boxes Capsu ca ;o
Rogers tk. Gall-V Pinauds. Ca drov sand Palmers* Sc-a]-.-. Pcrf>m said Toilet
Watrf . Mail Orders So ii: and.
KNI HIT'S PHARMACY. TELEPHONES. 539.
FOR WORK MOST RELIABLE
ofiro :;ot ISisll street. ‘Phone 7
CONIOVS. CON ID %’S. (OVID VS.
That is nil you hear everywhere.
Condia’s Palace for Ice Cream. Sherbets,
Sola Wafer, new drinks. Chocolates and
Bon Boris. His place is popular, because
he selves the beat of everything iu that
line. FMf.dvii hur.dre 1 daily customers
will t 1 you ihat is so.
Peach Sherbet, Peach Ice Cream cilwa>s
will not he a perfect function
utiles? ttoe Presents are cor
rect . . .
Tho e who purchase Welding
Pre.-ems of us will have the satis
faction of knowing that they are as
.on ei as the mode itself. Our
stock i> unexcelled, and the prices
Hunter & Van keuren,
Jewelers, 143 Bull street.
IOC WILL SAVE
TEN IT.II CENT.
II > paying your tilltM on or be
fore the l.'th mat.
B. 11. LEVY A into.
SP YR K LETS.
Just the thing for pi nl .4, maroons,
ex- 4 r. lot s, ard summer.
A r ass of the finest and purest soda
water eat: b made In one minute.
A full supply at
C ngrrss slieet and Bull Bn ft Branch
OH. H. 11. MAH'ITY,
7 Jones Street, West.
Practtco Lmlted to diseases of eye ear
nose and throat.
Hours—9 to 1, 4 to 6, and by appoint
i '• °t the .sort to time it race l>,v. tmt
those that have been improperly re
paired and stop u lion most needed.
4V e are better prepared Mian ever
for thi* kind of work. The mo-t
complicated as nell as more simple
movements lie in properly treated
to insure siteees*.
<lur repair of line Jewelry lias aI
'V,,JN been a siiccc*Mful branch,
*> pieces of jewelry formerly
sent to faelorlen for repair can be
put in perfect condition by ns.
__ THE'JS BROS.
V K1.Y17 H(Jlll'\GK.
M ' I*
Such not only oitriots admiring atten
tlori but nfTords It owner comfort nn.|
satisfaction. When you want u cuttTnge
VO ' want it to b. e tsy riding at .1 u . j
with all the mob'll] app.ljnips tor hilih
S l>'"l and comfort. bach are the Bib-oak
JlriK'kwuy. Htii.lei.uk- i aid Wo-'-i: ull ic
hu ieH. Kve v one stil-ily euai.i rived
COHBN.KfIiMAN CARTtI \Q . \N r >
I'.rough ion ami West li o.i-l atr.ets.
Mormin &- Wight's Rubber Tin-
Boiler for Sale.
Me have sold the Engine and Dynamo
aiv rtlsed some weeks sin- e. hut still
nave the 4u-hor*e power Boiler. Will
rell it for so'. delivered at any railroad
dei.t in Savannah The holler Is in eo od
* ape. ar.d would not be a.,id had it not
to be taken out to b ake ;o m.
1 he Morning News,
' ATIOY\I. >1 \ 1 Tllliss \\ |> Itiivn.
\ PI'ING Ct>.
All klmh mottles r.s to 1 .<■ to onlot. Fine
cut .t-1 h..ir on 1 motmu i tie.-sea 11 pci 1 1 .
t> uur me.lie. l] • and steam lenovatlng |ia
• -1 liar, lid.liers. mo. s, et .. i- on- •
Ip-retd by oi l- .0. il i.tiysl -111101 as being the
best germ destroyer 111 ns -. Your old mat.
tre.-ses or leather bed: made to ,v at reus,
onable pil rs. We carry a full lini. of riek-
Inga, hair, feathers and moss, tall and in
spect our methods.
JAS. R. DOONKR, Prop..
Bell Thone 1136. 431 Drayton strati.
£*l io I For Ladies’ #
Tan, Rusrct or Browr. Oxford Tlea,
hand-sewed flexible soles, medium a-.d low
heels. Makers used wrong fii isii cn the
soles—that's where our allowance was
They are a splendid weiri g at tl ;
scraclhing ne w:.;rani very highly. Try
i U I Lois! lona / DU.
Savannah StßEin Laundry Co''
II Congress Streel, Wes!, Phone 383,
DON’T TRUST TO LUCK. I
§|b 6c cioAR.
\ Finer in Taste,
\ Finer in Aroma,
) Finer in Quality,
yCgglgf \ than any other half dime cigar on sale.
CJ l sa y Street, West.
) BONDY & LEDERER,
Makers, New York. '
Family Liquor Store
IN THE CITY. TRY OUR FAMOUS
Pure Rye Whiskey.
Fell Quarts, SX; four bottles, containing foil Gallon, $3.50.
EELSINGER & 08„ ‘‘"’TSsaggn’T
- Artists’ Materials.
ni 1,513 aimciiais,
mf PTrTri3Ti , %; Stationery, Portraits.
W frame 'fc Savannah Views on China
m factory T> wfl re. Photographic Papers,
. * j||? Mounts, etc.
First=class work at lowest
I(>r TO Iflff ( OMiItMSN STHLEI’. WEST.
SALKS.. 38 BOTTLES. I TR'” IT
MARCH SALES (9 BOTTLES. |
•ÜBtlL SALES 87 BOT'H.K.S. i T 7 T> A IVT TT td
-"■ v ‘ SALES 127 BOTTLES. I lIAiNJK.
it WILL (THE WHEN ALL OTHERS FAIL. AT
LIVINGSTON’S for S!.SQ.
PHONES 2'J3 and 382.
Daily Production 30 Pairs.
To keep our plant
moving vvc reduced
prices on all grades.
Come and see how we
make them. *
I I I Hast.
We lihvp IS and 22-karat plain Gold Rings
tor wedding rings I” the Meat shapes.
Also n InrKo nsrortmcnt o( Diamond
Jewelry ,n the old price of Diamonds as
long a* they last.
A. 1.. DKSBOI'I LLONS,
13 Bull Street.
■ 1 ■
OLD NEWSPAPEHS. 200 for JS can la. si
Business Office Mom Inn New*
One lot .'(OxIon Tenth street,
nett r J offer no n
One iot ft'lxlll on Mntli treet,
Price* lower than au)(lilug else
In the neighborhood, und terms eery
Itotli lots near (be I£lulith Street
C. 11. IiOHSETT.
io Newsoaper Sili
For sale, a Forsaith Newspaper polder;
Will fold Sheet If.xt- It Is In good order.
Price SIOO. It cost origin#.ly $l,lOO, but
ye have no u.-e lor It and want the room
It tv.il! be an Invaluable adjunct to any
IF You" want good material
and work, order your lithographed and
printed stationery and blank hooka front
Morning New#, Savannah. Ga