T"f Lrmiln' tt"L <V~W in B~ en,,, Xorth
c .mu8 - ^ art'l Potential! Rich Termor in Thi, State
Vol. XLIII.? No. 20
Murphey,
N- C.. Friday, December 18, 1931
$1.50 YEAR? 5c COPY
STATEMENT OF
CHEROKEE BANK
FILED DEC. 1 1TH
Ucom< and Expense Shows Deficit
rO- $9,335.93 Frotr January
To October 3rd
The auditor's report of the closed
CfceroM- Hank, filed Friday after
noon. December 11th. with the clerk
of the superior couti, shows thai the
Mr.! operated at a Joss for the De
nod from January 1. up until it
closer cn October 3rd.
Th< report, prepared by W. Bow
er, Henderson, certified public ac
eour.tant. of Asheville, is mostly
fi?ur< relating to the hank's condi
tion. but it presents a crraphic pic
ture that is a revelation in detail.
The total loss, according to the
report, for the period of January 1
to October 3rd. the day it closed, is
listed a: $11,608.81). The total in
come tor the period is listed a*. %&.
237.91. while the expense for the
period i listed at $12,622.33. The
deficit listed for the period is $y.
6 . 9 3.
Tht statement of the condition
th? bank, as of October 3rd. list- th<
loan and discounts at $132,397.92,
with $33,656.43 of this pledged to
?ecur. bills payable. Cash i> listed
a' t .259.36, with $5,794.47 due
fror t?ank; . The total resource ar<
lined at $157,569.33.
A liabilities, the deposits are list
ed a.- follows: Demand or open ae
count. $72,456.57. with certificates
of deposit amounting to S46.787.S4,
or a total of deposits of $119,244.41.
Bill; payable, including interest, tax
e . etc., are listed at $17,876.14. or
$370.14 more than the capit. a! stock,
with : deficit of $9,635.93. Total
liabilities are listed at $ 157,569.33 .
Th? loans and discounts of the
ban which are listed at $132,397.92
contain a large amount of bar. paper,
and a number of the officers and
-Hoekholders are heavily involved on
uh? bank's paper.
For instance. J. W. Davidson, a
stockholder, director, and member of
the executive committee, and son of
th bank's president, who recently
filer bankrupt papers, was involved
on more than $20,000.00 worth of
the bank's paper. Some o^ this
paper, of course, has other indorsers
v-hiie on some he was the sole surety.
?J. W. Davidson was interested in
Griffiths, Inc., which concern also
went bankrupt recently owing
bank $3,973.97 in notes endorsed, by
an official of that company. Per
sonal notes of others endorsed by
Mr. Davidson amount to $8,210.00,
among which are notes umounting to ]
$3,460.00 made by E. C. Mallonee, I
ar. employee of Mr. Davidson. Per- 1
sonal notes of others endorsed by ?
Mr. Davidson with others as sec urity
amount to $4,063.49. Companies
and businesses in which he was in
terested as a partner had notes at
the bank amounting to $8,009.32, in- ,
eluding Griffiths, Inc
The report also shows other in- i
stances of officials heavily involved,
but probably not quite as glaring or
outstanding.
Three notes are listed amounting
to $9,825.23, with no security, which
have caused considerable speculation,
as to who the parties are. Xo one
seems to know them. However, one
J E. Toney, note for $3,725.23, due
January 24, 1931, we learn by ru
mor was a road man or contractor,
although unable to confirm the ru
r.ioi. The other two are: H. W.
Maples, $3,600.00, due January 26,
1930, no security; and Abe Winer,
$2,500.00 due July 1, 1931, no se
curity.
The report shows that the bank
was chartered April 29, 1920, and
closed on October 3rd, 1931. Offi
cials of the bank are listed as fol- i
lows:
Directors: E. A. Davidson, S. D.
Akin, G. W. Candler, J. W. David
son. -C. A. Brown, W. S. Dickey. J.
A. Riehardson.
Officers: E. A. Davidson, presi
dent; J. A. Richardson, vice-pr ce
dent; J. B. Storey, cashier; C. W. 1
Carringer, assistant cashier.
Committees: Executive: E. A.
Davidson, J. W. Davidson and J. A.
Kichardson.
The stockholders of record, Octo
ber 3, 1931, are as follows:
S. D. Akin, 10 shares, $500.00.
C. A. Brown, 10 shares, $500.00
G. W. Candler, 10, shares, $500.00
E. A. Davidson, 80 sftiares, $4,000.
J. W. Davidson, 21 shares $1,050.
F. D. Dickey, 10 shares, $500.
W. S. Dickey, 99 shares, $4,950.
John H. Dillard, 10 shares, $500.
PorteT Fain, 5 shares, $250.
C. B. HiH, 2 shares, $100.00.
Welling M. I> 10 shares, $500.
Mrs. T. ". ? shares, $350.
J- A. Ti ' share*. $200.
J. Ti S- "os, $3,600.
Total, , .4 .o, ^.:^unt $17,500.
NOW, DOM'?
JURORS DRAWN
FOR JAN. COURT
The Jury Commission of Cherokee
County, met December 12th. iy3l.
in full meting- with Sheriff and chile
and th? following jury wa drawn
! the term of" Cour*. beginning
January 25, li>32:
First Week
Harve Carringer. Mui-phy. N. C. ,
Felix Palmer, Murphy, N . C.
K. J. Torrenee, Weh'utty, K. C.
R. T. Heaton, Andrews. N. C.
Tom Cole, Culberson, X. C.
J. W Cornwell. Grandview, N. C.
C. A. Swaim, Murphy. N. C.
W- T. Holland, Andrews, N. C.
E. E. Jenkins, Culberson, X. C.
T. P. Calhoun, Murphy, X. C.
J. S. Kt-ener, Toinotla N. C.
Zeb Morow, Andrews, N. C.
L; E. Barnett, Murphy, N. C.
W. l>. Townson, Murphy, X. C.
Casteel Hawkins, Wvhutty, X. C.
J. R. Roberts, Unaka, X. C.
W. H. Sudderth, Murphy, X. C., R.
Sani William?, Andrews, X. C.
W. W. Aehe, Andrews, X. C\
R. C. Audrews, Andrews, X. C.
J. P. Decker, Suit, X. C.
H. W. Rogers, Murphy, X. C.
C. M. Sneed, Murphy, X. C.
Lee Rice, Murphy, X. C.
Second Week:
J. H. Crisp, Murphy, N. C.
D. T McXabb, Suit, X. C.
T. S. Evans, Murphy, X. C
F S. Wilhide, Andrews, X. C.
F. A. Voyles, Murphv, X. C.
J. W. Stalcup, Murphy, X. C.
R. H. King, Murphy, X. C.
S. C. Mingus, Murphy, X. C.
W. I. Crawford, Anrdews, X. C.
D. M. Birchfield, Murphy, X. C.
Drew Davis, Grancview, X. C.
F. 0. Bates, Murphy, X. C.
Z. B. Odell, Grandview, X, C.
G. V. Cover, Andrews, X. C.
A. M. Simonds, Murphy, N. C.
Dill&rd Morrow, Violet, X. C.
Sam Parker, Andrews, N. C.
B. D. Morrow, Murphy, N. C.
L. M. Ballew, Murphy, X. C.
J. H. Parham, Andrews, N. C.
Hil lard Hanmpto, Murphy, N. C.
H. C. Whitaker. Andrews, N. C.
J. F. Garland. CulLerson, X. C.
A. D. Taylor,^ Murphy, N. C. ^ |
The last stock tTa:.^fer or trans
action of Tecord was :>n January 22,
1931.
Tables in another Ci iumn show the
statement of the condition, public
funds, and income, expenses and
losses.
BLINDING LIGHTS
TO BE CHECKED
BY N. C. PATROL
Ii the headlights of your car blind ?
the driver coming in the opposite
direction. >< u may be instructed by
officer^ of tne Stale Highway Patrol ,
to do something about it, according
to Captain Chrurles I>. Farmer of the
Patrol, who ;s backed up by a rule j
adopted by the State Highway Com- i
mission. The rule was pa&se<? in or- |
der tc? place every motorist on a: j
equal ba-MS as regards the strength '
of his auto headlights. Prescribing '
a uniform and proper headlight .
service, th- Highway Deparuuent
hav?_- named several hundred official !
service station* throughout the State
to render assistance to motor car |
owners.
Captain Farmer attributes many!
highway aacidents to drivers becoir.- ,
in# blinded by glaring headlights. J
He said, "It would seem that every
man now figures on having the big
gest and strongest light so as to over
come the glare of the other fellow's i
lights. A blind man is not permitted
to drive a car, yet a man who cannot
see through the rays of another's
glaring headlights is virtually a blind
man and there is no telling what he
will -do.
"The highway death toll in North
Carolina is still going up. it hac* got
to go down. The two of the chief
causes of night accidents are blind
ing headlights and the lack of a rear
light, and the Highway Commission
has ruled them from the highway.
We have stations set up to eliminate
this trouble, and we hope the public
will cooperate with us in taking ad
vantage of the service now offered."
Paper Late
The Scout is late this week by one
day, and we are having to leave out
a number of articles from a lack of
space.
EARLY NEXT WEEK
However, next week we shall try
to get out several days in advance
of Christmas Day, and request that
all copy be given not ait ex than Mon
day night. Durirc the week of
C! - as, only an abbreviated sort
oi will he published, that is
for t. ne af January 1, &uu cooy
for thi * sz *'.l?o he :n. ofiic**
not later ...? i v xt ? ue^duy, Deccrt
,ber 22nd Thank you
BRASSTOWN
CLUBS HOLD
JOINT MEET;
Murphy Lions Club Gueit At Special
EnlerUmnent La?t Satur
day Night
Tr.< Men and Women's Clubs i
r>! Urassto a n t-iiterUined th- Mur
Phy Lion- Club and wives of mem
be:-, un Saturday night the 12th. I
The meeting held at The John C. t
Com|>D('ii t oi.. ochuoi. ttLNlbk I
50 gathered in the Community Room. I
c were happy to have with us from I
Murphy Mr. ami Mr \V. M. Fain.
Di . and Mr h . Adam- Mr. and i
Mr>. Llkins. Mr. liailey and Dr. I
Salisbury, and only regretted that ?
nioi e of our friends could not come, i
The pxogram opened with the play j
in^ ot several selections <>n th \.<
? n by Alexander War*. > \ th Fol^
School. Then the school band, which
is onI\ a little over a month oid.
played some piece.--, wit'-; M: Wan
conducting, and Mr- Campbell at ?
the piano. The members in the band |
that nignt. grouped according t< '
the instrument played were, tri- '
angle.*- -Lucile Scrogg of Bra.- .-it own.
Anne Mae Hensley of Murphv . Z? i:
Wilson ot Highlands, Co*. Cofl- ? of '
Suddjwiii; tambourines-Stella \\ :1 i i
et ilighlan. Mart) i a Voyi. <?*"
Murphy, Nell Young of Lawrence
ville, Cia.. drum.-: liaden Hensley <?* 1
Murph; . ano Gro\?r Young of Law
rencevillo, Ga; cymbal . Betty I'ear
>? n * f Saluda, wool block. llolli
Penland t Krastown; tin pans, liay- 1
i.iond Ketne . f Maggo . N. <
Austin A riant <?: Murphy. ]ia--tu.
ilughe . Lenard Canrtell and Bonnie I
Logan. nil < i Brasstowr
Ther* was next an amusing httl
*e t by Leon F. Des.eham; and Alex- '
ande War-, wiiic* hi .ught much
laughter ??r. . ..pplau Then Alex- >
ander War* play*-: Miviial violin
r*?,<i . including "l.auioi. uue," i?. '
Campbell accompanying on the piano. '
\ group of the Folk School worker*
and students then sang two very old f
ballads of thi> section ? "A Paper of j
Pin?." and "La/y John, Lazy Jorn, !
Will Y- i Marry Mc "
The next ' stunt"' caused consider- j
able mini , ai. . mu ?. clapping, es- i
peciaily alter ilio * taking part had
been identified, which iu some cas- I
es was rathe; nard to do. Mr. Fred
O. Scrogg-, with a large moustache
and derl>> hat. came in to announce 1
that a g iy liom New York would
appear to show various costumes, and I
boked his assistant, Mr. George B?o
strup, to bring them ir. First aj>
peared a dignified "lati> in a dress j
of the lSSus, who was finally recog
nized as Bob Scruggs. Tner. came
two white-gowned ladies of li#00 and
1910, Elmer Sales and John Deal,
respectively. Miss ly'Jh, a very tall
"Miss," was Bill Clapton; and Alex
ander Ware made ^ very lively Miss,
jof 1932. The sixth "woman" wa?
"Grandma' with a large sunbonnet,
| who snook her head rather disup
, pvovingly at the modern styles. This
I was Mr. Fisher of the Folk School.
Mrs. Campbell gave a little taik,
explaining the singing games and
the band, as means of wholesome re
creation, and also spoke of the need
i for older people, as well aas for boys
and girls, to have fun together and
| opportunities to relax, which the
[Clubs give. She said each club also
.has its practical and educationnal
i side, as well ai, the social side.
Then a group from the folk school
; cid a number of singinp games, the
j last being one recently learned, the
| "Flamborough Sword." Mrs. Camp
. bell spoke of these old English games,
, sometimes tell a story, and wherein
i the 4 4 victim" is occasionally "killed,"
i all in play, of course. The audience
, were especially enthusiastic about
j the "Flamborough Sword," which
showed the result of much careful
driil by George Bidstrup, and hard
work by the students,- who seemed to
J enjoy it as much as the spectators
did. Those taking part were Holia
Penland, Haden and Anne Mae Hen
s ley, Lucille and Bob Scroggs,
Stella Wilson, Martha Vovles and
{ Betty Pearson.
The members of the Clubs ard
j their guests then went down to the
j dining room where a bountiful supply
| of delicious cookies, provided by
i members of the Women's Club, and
coffee awaited them. The tables
were arranged to make a large L for
1 Lions. Af+er the refreshments,
j several interesting spee hes were
I made. First, Mr. Fiaher, as Presi
dent of the Men's Club, gave the ad
i dress of welcome, which, coming at
that time, alter the previous enter
; tainmer.t, steemed, he said, rather
like puttiug the cart before the horse.
He expresed the pleasure cf V at
having our Murphy friends win.
" ? *?" in, President of the Lions'
v i - th*n callod upon, and
. made a most interestir jm. He
, started by 3aying that spokes
Urge Motorists To
Carry Registration
Card At All Times
GKBENSfiORU, De ] ? Motorists
will save then^tlv?t> considerable em
barrassment ai-'i inconvenience by
cariying their whit*' registration
pocket card with them at all times
while operating a motor vehicle,
Coleman W Robert1, president of
?he Carolina Motor club pointed out
here tonight .
"I'.e to ti,. fact tiiat North Can
lina automobile license plate.- fur
l^o2 will bear ; classification sym
bol it will hf necessary for the high
way pal i oi and othei officer- to
frequently call on motor vehicle own
ers fi.r their registration card," Mr.
Roberts said. "For thi reason the
law requiring that the pocket caret
i'* carried at all times be rigidly en
force -5 Failure t- carry the pocket
card makv ?* operator of a motor
vehicle subject to indictment.**
Although the motor .ub executive
urged that the card be in possession
of the operator of tht- vehick at all
limes hv strongly opposes keeping
th? card in the ear possession ol'
tin card w ij' I ; . i ? . ? ? r recovery of
the vehicle ?. - ever.t it was
stolen.
"In addition to it value in determ
ining ovnei.-h ; < : vehicle," Mr.
Robert:- said, "the pocket card :a the
. Relator s soU evidence that th?*
correct license fee has been paid.
This will be particular 1\ valuable *
operators of trucks as the card will
>how just what weight load may be
hauled ?>n the particular vehicle."
Mr. Roberta ui^d that fleet own
ers impre? on their operators the
value <?f always carrying the registra
tion card, and also made a plea for
truck owner who wish to cany
iieavio loa-is than the rated capacity
t be certain ai > I make kcown th?
overload and pay the correct fee
when purchasing license.
License plates will go insah at
" i Carolina Motdr club offices Dec
ember 13. The ; may ! n placed in
us^ immediately after that date.
Folk School To Give
Pageant On Dec. 24
The Christmas pageant is to be
given, as u^ual on December 24, at
;i:00, at the Folk School, and it is
hoped that many of our Murphy
friends will also he able to attend,
"i c students are busy rehearsing
their parts, and getting costumes
.ready, and it is expected that thi
| Pageant will be the best the school
i has yet presented
Reese And Witt Form
New Insurance Firm
Messrs. Dallas M. Reese and Wal
ter C. Witt have formed a new in
surance organization, which, will be
known under the firm name a* the
Reese-Witt Age my. They will han
dle all kinds of insurance. Including
life, health, accident, fire, casualty,
marine, bonds, and, in fact, all kinds
of coverage written and will repre
sent several companies.
They are both well experienced in
the insurance business Mr. Witt
has been engaged in the life insur
ance business here for the past sev
eral years and Mr. Reese has been
engaged in the insurance business
for nearly fifteen years, and for
several years was district manager
for one of the lar^e life and casual
ty companies for the eastern part oi
North Carolina.
They state that they will be well
equipped to serve the insuring pub
lic with the most up-to-date and ef
ficient insurance protection and
service. Their office is lor the pres
ent in the Davidson building.
I man the Lions had expected to have
i present wa3 unable to come, so that
he himself was unprepared. Howev
j er his talk covered many interesting
,and important points and was well
I received by all. He mentioned the
(meaning of "Lions," and spoke of
| their aim of service, and venous pro
i jects they had undertaken, including
; the Murphy cannery. He emphasiz
, ed the changing conditions, and also
[the need of cooperation.
The next speaker called was Fred
jO. Scroggs, whose talk was full of
wit and humor, and also much sound
common sense,. He also brought out
the ne-ed of cooperation and working
together.
After the speeches, we went again
to the Community Room for a few
singing games. Our guests joined
us in playing "A Thief, A Thief."
and also in the Danish ur&na
March. Then everyone made a huge
circle, for the singing of Auld Lang
Syne.
Then Dr. Adams mac * a ' but
welcome speech, v. ;t
|eu ^vasstown gr- eta
| with o.is i.i M" ?