he Newark Journal
Published In The Famous big bottom Country, where Alfalfa Is king.
$1 Per Annum
Newark, Independence County, Arkansas, Friday, January 18, 1907.
Vol. 7. No. 4.
FULL TEXT OF THE MACON BILL
The Proposed Law to Prohibit
Dealing in Futures in Any
Agricultural Product
Below is' the full text of the bill
introduced in Congress by Con
gressman li. B. Macon to prohibit
■dealing in futures, an act which is
attracting very general attention.
Be it enacted by the senate and
house of representatives of the
United States of America in Con
gress assembled, That interstate
buying'of selling or otherwise
dealing in what is known as fu
tures, either in cotton, meat, grain
or any other agricultural products
whatsoever, is declared to be un
lawful.
Sec. 2. That whosoever shall
so engage in buying or selling or
otherwise dealing in futures in the
United States of America, either
in cotton, meat, grain, or any
other agricultural products, shall
be guilty of a felony, and upon
conviction shall be lined in any
sum not less than one thousand
dollars or imprisonment not less
than one year, or both.
bee. 3. lhat no letter, postal
card, circular, newspaper, pamph
let or writing or publication of
any other kind containing money
. or any other kind of representa
tives of value or information of
character to be used in any man
ner connected with, connecting,
or in fatherance of any project or
transaction pertaining to the buy
ing or selling or otherwise dealing
in what is known as futures, either
in cotton, meat, grain or any other
agricultural product, shall be car
ried in the mail or deliverd at or
through any post of lice or branch
thereof or by any letter carrier or
other agent or authority. Who
soever shall knowingly deposit or
caused to be deposited, or who
knowingly sends or causes to be
sent, anything to be conveyed or
delivered in violation of this sec
tion, or who shall knowingly de
liver or cause to be delivered by
mail anything herein forbidden to
be carried by mail, shall be deemed
guilty of misdemeanor, and upon
conviction shall be punished by a
fine of not less than five hundred
dollars, or by imprisonment for
not less than six months, or both.
A NICE HOME FOR SALE
We have one of the nicest pieces
of residence property in Newark
for sale at a bargain. Two-story
eight room house with good barn,
smokehouse and good well of wa
ter. An entire block goes with
the property including two small
houses which rent for $5 per
month each. Also line garden and
young orchard. Buildings all
nearly new and well finished, paint
ed inside and out and papered
throughout. The houses would
cost what we ask for the property
to say nothing of the lots, barn,
fencing and other improvements.
Ckaig & Mooke
<J. F. CHAPLAIN A PREACHER
/ Geo. F. Chaplain of Monroe co
unty who was convicted of conspi
racy to bribe in connection with
the Cache river levee bill in the
legislature two years ago, has
entered the ministry and was re
cently ordained a regular minister
of the Christain Church. He
preached his first sermon at Clar
endon to a large congregation in
the Christian Church. He told of
his long struggle to remain out of
! the ministry. Mr. Chaplain is a
practicing attorney, and represen
ted Monroe county in the lower
: house of the general assembly two
terms. He will not give up his
practice at present, but will prob
ably discontinue the practice of
law. later and devote his entire
time to the ministery.
QUARTERLY CONFERENCE
On the 19th and 20th the first
quarterly conference for the Sul
phur Rock circuit will be held at
Newark. Important business will
come before the meeting, there
fore let every member of the
official board be present. The
local breachers are expected to at
tend this meeting. Our presiding
| elder will be present. The public
is cordialy invited.
Jas. F. Jernigan.
RAINBOW CHASERS
Rainbow chasers in Tennessee
I are putting out for Oklahoma, in
Arkansas they are off for Texas,
in Texas the star of empire leads
them to California, along the Pac
ific cost fortune beacons them to
the Philipines. They always as
cribe their misfortunes to their
location and never seem to realize
that “ the fault is not in our stars,
but in ourselves, that we are un
I derlings.”—Nashville American.
MAGNESS MUSINGS
Magness, .Jan. 15.—U. E. Tom
linssn is on the police force while
Marshal W. W. Magness is visi
ting the Western country. Whort
says he will go to Oklahoma City
: while gone.
Joe Ladd and Mabern Alexan
der are talking of going to the
capital city to look them out a
! position.
The firm of Ladd & Young, is
no more,* as Mr. Young has pur
chased Mr. Ladd’s interest in the
firm.
Wash Browning visited home
folks at Sulphur Rock Sunday, re
turning Monday.
Mayor T. M. Waldrip accom
panied by his mother went to
Newark to day.
Tom McJunkins coratemplates
moving to Hope to make his fu
ture home.
A FEW WORDS TO THE PUBLIC
The deposits of the Merchants
and Planters Hank have increased
one hundred per cent in the past
thirty days. This is the peoples’
bank and is as solid as a rock.
We are here to stay and will guard
well the interests of our customers,
as well as our own.
Courteous treatment is accorded
to all alike, rich or poor, old or
young. If you want your money
where it is absolutely safe, open
an account with us. We will save
any amount for you, it matters not
how small.
Teach your children to save by
having a balance in the bank.
We have some accounts now with
the children.
Absolute safety is our guide.
We will “turn down” a check j
from an oftieial of this bank as!
cjuick as we would one from the!
poorest man in the county, if it is |
hbt backed by deposits.
We are here to stay.
Merchants & Planters Bank,
A. A. Henderson, Asst Cashier.,
BANK'S DIRECTORS HELD LIABLE
Test Case Against Directors of the
Defunct Bank of Newport
Won by Depositors
The suit of S. Heineman and
W. R. O ’Neal aganst the directors
of the Bank of Newport, brought
as a test case by Senator James P.
Clarke, to make the directors re
sponsible for the losses of the de
positors, came to a close in the cir
cuit court at Batesville Saturday
when upon the conclusion of the
testimony for the defence Judge
F. D. Fulkerson instructed the jury
to return a verdict for the plaintiffs.
The court held that the defence
had failed to refute the evidence
of the plainttfs, showing that the
directors had not exercised proper
diligence and given proper atten
tion to their duties as directors.
I tie plea or the defence was that
the directors did not know of the
bank’s insolvency when they con
tinued to keep it open for business.
The Hank of Newport failed on
April 28, 11*06, the amout due de
positors and others at that time be
ing about $260,000. Of this amount
about $100,000 was due to other
banks and was protected by collat
eral. The heaviest debtor to the
bank was the C. B. Kelly Lumber
Company of Homan, Ark., and
kindred interests of this company,
their indebtedness to the bank be
ing approximately $180,000.
The chancery court of Jackson
county appointed Messers. T. D.
lvinman and A. Ferguson as re
ceivers of the defuct bank, and
they took charge of its affairs.
Since their appointment they have
paid a dividend of 20 percent., on
certain unsecured claims.
The case will probably be appeal
ed to the supreme court, and if
the judgment is allinned the
directors of the bank become
liable to the depositors for the
amount of their loss, which is
about $150,000.
I he directors ot the bank are
A. D. Bailey, G. W. Decker, T. J.
Graham, J. M. -Jones, J. T. Hend
erson, R. M. Johnson, -T. M. Stay
ton, E. P. Shoffner and T. S.
Stephens.
NEW DRAINAGE DISTRICT
The Batesville Guard says that
at the recent term of the county
court the cost in the district No. 2
case was ordered to be pflid out of
the county general funds, and the
route of the ditch to be changed to
run parallel with the Iron Moun
tain railroad to Black River. A.
M. Lund was appointed surveyor
in place of J. R. Van Frank and
W. E. Strickland and J. B. -John
ston apointed viewers in place of
Joe Knight and V. C. Prickett.
The Journal is informed that
quite a number of those who op
posed the original plans for the
proposed ditch are in favor of this
route and will assist in the move
ment to get the ditch through.
PUBLIC INSTALLATION
The Odd Fellows, Woodmen
and Woodmen Circle held a joint
meeting at the Masonic hall Thurs
day night for the purpose of in
stalling the new officers for the
ensuing year.
rfhe ceremonies were public and
were witnessed by quite a large
crowd. The officers installed were
follows:
Odd Fellows—R. M. Galloway,
noble grand; E. M. Wilson, vice
grand; T. M. Hatrelson, secretary:
H. E. Hawthorne, treasurer.
Woodmen—E. W. Magness,
consul commander; R. K. McHen
ry, advisor lieutenant; .1. H. Hoi
derby, banker; O. F. Craig, clerk;
R. M. Galloway, escort; John Rog
ers, watchman; T. J. Moore, sen
try.
Woodmen Circle—Mrs, C. M.
Edwards, guardian; Mrs. C. J.
Magness, advisisor; Mrs. E. W.
Magness, banker; N. A. Speed,
clerk; Mrs. C. J. Drennen, magi
cian; Mrs. D. L. Gibson, atten
dant; Mrs. Walter Pascoe, inner
sentinel; Mrs. George Ilolderby,
outer sentinel.
CHARLOTTE CHRONICLES
Charlotte, Jan.15.—Mr. and
Mrs. Newt Blair, Mrs. Smith and
Mrs. N. A. Winston of Cord visi
ted friends and relatives here Mon
day. . *
Linly Lane spent Saturday
night and Sunday at Dota with
his sister, Mrs. Luther Pickens.
Urban Haddock and George
Brittain made a business trip to
Batesville Saturday.
Mr. and Mrs. Wm. Gire of
Dota visited Mr. and Mrs. H. B.
Kennedy Sunday.
Mrs. Luella Bray visited rela
tives at Newark Saturday and
Sunday.
Quite a large crowd attended
church at Pleasant View Sunday.
Boone Tulley of Sulphur Rock
visited a “friend” here Sunday.
J. C. McGill made a business
trip to Batesville Monday.
The literary s'ociety will meet
here Friday night.
Mrs. Joe Kent is real sick at
this writing.
ROAD NOTICE
| Notice is hereby given that a pe
I tition will be presented at the ad
journed January term, 1007, of
the Independence County Court,
to be held Wednesday, Feb. <1, l'.>07
for the establishing of a public
road, in Indepenenee county, and
state of Arkansas, described as fol
lows: begining at the north west
corner of the Northwest quarter of
the Northeast quarter of Section
six (6), township eleven (11), north
range 4, west; thence running on
the township line west, between
townships eleven (11) and twelve
(12), about one mile or such dis
tance necessary to intersect the
public road that runs from Oil
Trough to Pleasant Plains, Ark.
G. M. Fields,
Joseph Harris,
,J. H. Rauholf,
WHAT 15 A BOY?
A boy. Well what is a boy,
anyway?
He is a man in short pants. He ;
is a bundle of energy, a cyclone,
in motion, a terror to stray dogs
and cats, a carload of “1 wills’' |
and “I won’ts,” a regular grub
grinder, always eating and never
full long at a time. Boys are all
this and more. They are mother’s j
darling, mother’s worry and moth
er’s love. We couldn’t do with-!
out them. They will be men not
many years hence.
t __
TIHBER LAND FOR SALE
We have 680 acres timber land
east of Newark for sale at *6.00 j
per acre. White and red oak tim
ber on land will pay for it. Craig
& Moore.
WHAT THE LEGISLATURE IS DOING
--
Brief Sketch of the Most Import—’
ant Bills Introduced in the
General Assembly
Both houses of the Arkansas
i legislature convened in Little
Rock at noon Monday.
•John I. Moore*of Helena was
elected president of the senate
and Allen H. Hamiter of LaFay
ette county was elected speaker of
the house.
At the opening Tuesday
morningSenator Oldham of Palaskt
county, took the floor and made a.
motion that Senator Adams be ex
pelled immediately.
Senator Adams arose and resign
ed verbaly. Senator Wingo ob
jected, dedaring the resignation
should not be accepted at that
time. Senator Oldham joined in
the discussion, and declared that
the man should be punished.
President Moore ruled that the
resignation should be put into
writing, and within a short time
Senator Adams had prepared it
written statement of considerable
In it i r I 1 » i u I i i l « . mi
„ .1
* I'vll 11VJ 1 •
After a stormy session of some
two hours over the case of Senator
Adams, during which the senator
himself appeared on the floor and
presented a writen resignation that
was taken to be practically a con
fession that he had accepted a bribe
the senate agreed to suspend action
on the matter until Wednesday
morning at 10’clock.
By the unanimous vote of the Sen
; ate lieu ben K. Adams of the ninth
j senatorial district was expelled
; from the upper house of the legis
lature and incapacitated from ever
holding a public office in the gift
of the state.
The first bill of the session was
introduced by Senator Amis of
Cleveland, regarding horse racing’
in Arkansas. In brief the bill
provides for fines and imprison
ment for any person selling pools
or in any way conducting betting
in connecting with racing in the
state. It also provides for punish
ment for public officials who neg
lect to prosecute all cases brought
to their notice in violation of the
bill. The bill was ordered printed
and a committee of three appointed
to bring the bill to the notice of
the house.
A bill was introduced in the seri
ate' to provide for working convicts
on the public roads and to prohib
it leasing convicts.
\
Three different bills were m
troducecl in the senate providing*
for two-eent passenger fare on all
railroads in the state of more than
75 miles in length.
The newspaper and stamp bill wa*
the next introduced. It appropri
ates the sum of 25 cents for stamps
each day to each senator, and
gives him the privilege of sending*
as many as 40 copies of any paper
containing the proceedings of the
legislature to his constituency, the
expense to be paid out of the gen
eral appropriation.
Governor Davis will retire to
day (Friday) and Governor Little
will be inaugurated. It has been
six years since Governor Davis
was first inaugurated.
Strayed.—One black horse mule
about fourteen hands high and
nine years old. Liberal reward
for his return to G. J. Magness,
Newark, Ark.