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"Fear God, Tell the Truth and Make Money. By REST CITY, ARK., FRIDAY AFTERNOON, JANUARY 30, 1903. The Alphin-Lake Failure. JUST AS IT SHOULD BE. The failure of the Alphin-Lake Cot ton company, of Little Rock and El NEWS. Textures of the Annual Banquet of GOOD ROADS CONVENTION Dorado, which caused the Bank of Lit. Confederate Veteran Camp of tle Rock to suspend payment, owing to New York City. Attended By a Large Delegation Railroad to the firm's paper held by the bank, has New York, Jan. 27.-The thirteen been the topic of general interest From Every County in lay I. annual banquet of the Confeder among business men over the State the State. Veteran camp, New York, held M since the failure was announced. The actual liabilities Ou the cotton day night at the Waldorf-Astoria, V CHRONICLED OF NATIONAL NOTE WERE PRESENT company will not be known until a made memorable by eloquent eulog thorough investigation of the affairs of the great fighters of the south a are made. Mr. Lake, it is said, has Strong Arguments Advanced in Favor of the north during the civil war, its and Ter. admitted that the failure was due to Government and State Aid; Also the claimed by men who themselves } Little Rockcotton speculation. The books of the Working of Convicte on Public High. fought in the armies opposing th ntally Killed El Dorado Compress Company, which, ways.-Permanent Organization PerCharles Francis Adams, of Massaci neymoon of fected and Officers Elected. it is alleged, issued the supposed setts, a soldier of the Union, respo fraudulent receipts upon which the ed to the toast of "Robert E. Le Bank of Little Rock loaned its funds, Last week was a week of convenand Col. Henry Watterson, a sold and of which E. H. Lake is president, Uz. of the confederacy, paid tribute tions at the State Capital, but the are said to be missing. John Torrenrs' Associathe character of Abraham Line gathering of the greatest interest to tine, the shipping clerk of the comLittle Rock The third toast, to "Jefferson Davi the citizens throughout the State was press, who is alleged to have signed the passage was responded to by William H the receipts as shipping clerk, is said the Good Roads convention, which burn Russell, formerly of Misso following to have left El Dorado ten days before met on the 21st with in the neighand now commissioner of accounts d and wife the failure and his whereabouts are borhood of 400 delegates in attendNew York city. unknown. le expenses ance. Every county in the State was Upwards of five hundred comra bill, a garThere is much sympathy expressed represented. of the camp and their guests w at the merfor J. S. Alphin, the senior member present, and the presence of ma The convention of county judges, hishee the of the firm, who, it IS believed, knew called by Judge Chapline, of Monroe, women lent brilliancy to the banqui mount of 10 nothing of the condition of affairs unCommander Henry E. Owen presid was merged into the Good Roads contii the crash came. Mr. Lake was the lary; a bill vention. with Mayor Low at his right and ( sures and active manager of the Alphin-Lake Watterson at his left. Others at Judge W. M. Kavanaugh, of Pulaski, company, Mr. Alphin being engaged in llso adopted guest table were: George H. Tay delivered the address of welcome, of wholeother business, and gave the cotton Commander Alexander Hamil which was responded to by Hon. Wm. firm but little attention. He stands ers and hopost; J. Edward Graybill, presid H. Moore, president of the National high with his neighbors, and his honociation for Good Roads association. Georgia society; Gen. A. S. Barn esty is unquestioned. The bills of ladcted as folcommande: fayette post; Col. Sa Mon. Minor Wallace was made pering of the Iron Mountain issued on mer, Little uel D. Pa lieutenant comman manent chairman, and J. C. Yancey, the compress receipts, were signed bert ReichConfederate Veterans' camp, of N W. B. Wilson and U. C. Bond were by an agent in Little Rock, and those ecretary, A. chosen secretaries. York; Augustus Van Wyck, presid of the Arkansas Southern, aggregating reasurer, T. Southern society; Roger A. Pry Hon. Martin Dodge, of Washington, $66,000, were signed at El Derado. Mr. en. regent Virginia society; D. L. Sn director of the office of public roads Lake says his losses will not reach grass, former chief justice of Tenn inquiries, spoke on the subject of "Fedhalf a million and says at the proper May. see; James H. Parker, past comm eral and State Aid to Roads." He adtime the books of his firm will show is believed der Confederate Veterans of N vocated both government and state the actual losses. Mr. Lake is a man at the BasYork; Gen. Thomas H. Hubbard, aid in road building. Mr. Dodge advoabout 27 years of age, and removed to bad will be New England society; Walter S. cated the passage of the Brownlow El Dorado from Greenville, Miss., in road, when gan, regent Empire State socie bill, now before congress (No. 15,369), 1897, and engaged in the business of ur miles in Sons American Revolution; W. providing for an addition to the agribuying cotton. In 1899 he formed a Fuller, president North Carolina astrop, La., cultural department for a bureau of partnership with Mr. Alphin and conk has been ciety; Rev. George S. Baker, chapl public roads, and asking for an aptinued in the cotton business. In the Confederate Veterans of New Yo g up to the propriation of $20,000,000 for its mainfall of 1901 he removed to Little Rock, e. The road Rev. J. Nevitt Steele, president Ma tenance. and the Alphin-Lake Cotton company land society. hirty miles Hon. R. W. Richardson, United was incorporated. In 1899 Mr. and The opening toast to "The Pr States commissioner of highways of Mrs. G. W. Lake, his parents, also redent and the Army and Navy of St. Louis, spoke on the "Relation of moved to El Dorado. In this year the United States-a prince among Good Roads to Manufacturing." He Lakes, father, mother and son, organrulers of the world and but the se r, was aspointed out the economy of good ized the Union Dry Goods company at ant of a free people," was dru inded by a roads; advocated government, state El Dorado, which business proved standing amid great applanse, Fox says and municipal aid, and favored the successful. The El Dorado Compress orchestra rendering "Hail Columb r by a fire Brownlow bill now pending, asking company was incorporated in 1899, This was followed by the toast th went to for an appropriation of $20,000,000 to Mr. Lake being president. Mr. Lake "Gen. Lee-nature made him : k he was be proportioned to the several states: is married and the father of two then broke the mould." Cha ng through favored working convicts on the roads children. He owns elegant homes, Francis Adams responded. esisted the and urged the appointment of a large both in Little Rock and El Dorado. This was succeded by the render head, twice delegation to attend the National Good Attorneys for the railroads and of "The Bonnie Blue Flag" and so it eye was Roads convention to be held in St. banks concerned will proceed through of antebellum days, by Mrs. Hollin vas in the Louis April 27. the courts to protect their clients, worth Watkins, formerly of Lou nose, under Hon. A. J. Halmer, chief of the deas far as possible. The Little Rock ana. partment of mines of the St. Louis exTrust company, which temporarily Col Henry Watterson responded position, spoke on the subject, "Conceased payment to protect its deposthe toast of "Abraham Lincolnom. vict Labor on Roads." He advocated itors, has resumed business. was not for an age but for all tim , and his working convicts on roads in the Senator-elect James P. Clark has Mr. Russell replied to the to Pine Bluff counties where they are convicted. He been appointed receiver of the Bank "Jefferson Davis." is said the read statistics showing that in North of Little Rock. The final toast of the evening you where the Carolina where this nlan has been
