Newspapers / The Cherokee Scout (Murphy, … / Dec. 18, 1931, edition 1 / Page 2
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Covering a Urp. and Foter.tially Rich Territory 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 ITH laconic and Expense Shows Deficit Of $9,635.93 From January To October 3rd The auditor's report of the closed Cherokee Bank, filed Friday after won. December Uth. with the clerk / the superior court, shows that tne bank operated at a loss for the pe riod from January 1, up until it dused on October 3rd. The report, prepared by W Bow en Henderson, certified public ac countant. of Asheville, is mostly firares rclatinK to the bank s condi tion, but it present* a Rraphic pic ture that is a revelation in detail. The total loss, according to the report, for the period 01" January 1 to October 3rd, the day it closed, is feted at *11,608.89. The total in come for the period is listed at $6, 237 91. while the expense for the period is listed at S 12,622 33. The deficit listed for the penod is *9, 635.93. The statement of the condition of the bank, as of October 3rd, lists the loans and discounts at $132,397.92, wiih $33,656.43 of this pledged to .ecure bills payable. Cash is listed at $5,259.36, with $5,794.47 due from banks. The total resources are listed al $157,569.33. As liabilities, the deposits are list ed a* follows: Demand or open ac count. $72,456.57, with certificates of deposit amounting to $46,787.84, or a total of deposits of $119,244.41. Bills payable, including interest, tax es. etc., are listed at $17,876.14, or $376.14 more than the capit al stock, with a deficit of $9,635.93. Total liabilities are listed at $157,569.33. TV loans and discounts of the bank, which are listed at $132,397.9L contain a large amount of bad paper, and a number of the officers and stockholders are heavily involved on ihc bank's paper. For instawe, J. W. Davidson, a stockholder, director, and member of the executive committee, and son of the bank's president, who recently filed bankrupt papers, was involved on more than $20,000.00 worth of the bank's paper. Some of this paper, of course, has other indorsers vhile on some he was tho sole surety. J. W. Davidson was interested in Griffiths, Inc., which concern also went bankrupt recently owing the bank $3,973.97 in notes endorsed by an official of that company. Per fonal notes of others endorsed by Mr. Davidson amount to $8,210.00, among which are notes amounting to $3,460.00 made by E. C. Mallonee, an employee of Mr. Davidson. Per 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 stances of officials heavily involved, but probably not quite as glaring or J outstanding. Three notes are listed amounting to $9,825.23, with no security, which have caused considerable speculation, as to who the parties ate. No 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 roa<t man or contractor, although unable to confirm the ru moi. 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 lows: Directors: E. A. Davidson, S. D. Akin, G. W. Candler, J. W. David son. C. A. BTown, W. S. Dickey, J. A. Richardson. Officers: E. A. Davidson, presi dent; J. A. Richardson, vice-prea dent; J. B. Storey, cashier; C. W. Carringer, assistant cashier. Committees: Executive: E- A. Davidson, J. W. Davidson and J. A. Richardson. The stockholders of record, Octo ber 3, 1931, are as follows: S. D. Akin, 10 shares, $500.00. C. A. Brown, 10 shares, $5J}0.00 G. W. Candler, 10, shares, $500.00 E. A. Davidson, 80 Shares, $f?000. J. W. Davidson, 21 shares $l?0o0* P- D. Dickey, 10 shaTes, $500. W. S. Dickey, 99 shares, $4?950. John H. Dillard, 10 shares, $500. Porter Fain, 5 shares, $250. C. B. Hill, 2 shares, $100.00. Welling M'. \sc 10 shares, $500. Mrs. T T. - shares, $360. J- A. Ri v- A share*. $200. J. B. S* "OS. $3??00 Total, ?50 ; :.u* *-.iount $17,500. ,, ? -7 NOW, DON'T I FORGET I JURORS DRAWN FOR JAN. COURT The Jury Commission of Cherokee County, met December J 2th, 1931 m fuIi ?***? Sheriff and child and the following: jury was drawn for the term of Court beginning* January 25, 1932: First Week: Harve Car ringer, Murphy, N. C. Felix Palmer, Murphy, N. C. E. J. Torrence, Wehutty, N. C. R. T. Heaton, Andrews, N. C. Tom Cole, Culberson, N. C. J. W. Corn well, Grandview, N. C. C. A. Swaim, Murphy, N. C. W. T. Holland, Andrews, N. C. E. E. Jenkins, Culberson, N. C. T. P. Calhoun, Murphy, N. C. J. S. Keener, Tomotia N. C. Zeb Morow, Andrews, N. C. L. E. Barnett, Murphy, N. C. W. D. Townson, Murphy, N. C. Casteel Hawkins, Wehutty, N. C. J. R. Roberts, Unaka, N. C. W. H. Sudderth, Murphy, N. C., R. Sam Williams, Andrews, N. C. W. W. Ashe, Andrews, NT. C. R. C. Andrews, Andrews, N. C. J. P. Decker, Suit, N. C. H. W. Rogers, Murpliy, N. C. C. M. Sneed, Murphy, N. C. Lee Rice, Murphy, N. C. Second Week: J. H. Crisp, Murphy, N. C. D. T. McNabb, Suit, N. C. T. S. Evans, Murphy, N. C. F. S. Wilhide, Andrews, N. C. E. A. Voyles, Murphy, N. C. J. W. Stalcup, Murphy, N. C. R. H. King, Murphy, N. C. S. C. Mingus, Murphy, N. C. ?W. I. Crawford, Anrdews, N. C. D. M. Birchfield, Murphy, N. C. Drew Davis, Granoview, N. C. F. O. Bates, Murphy, N. C. Z. B. (Well, Grandview, N. C. G. W. Cover, Andrews, N. C. A. M. Simonds, Murphy, N. C. Diiiard Morrow, Violet, N. C. Sam Parker, Andrews, N. C. B. D. Morrow, Murphy, N. C. L. M. Ballew, Murphy, N. C. J. II. Parham, Andrews, N. C. Hillard 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:;sfer or trans action of Tecord wa# on January 22, 1931. Tables in another c*. iumn show the statement of the condition, public funds, and income, expenses sad losses. BLINDING LIGHTS TO BE CHECKED BY N. C. PATROL If the headlights of your car blind the driver coming in the opposite direction, you may be instructed by i ; officers of the State Highway Patrol ! I to do something about it, according j j to Captain Charles D. Farmer of the Patrol, who is backed up by a rule I adopted by the State Highway Com- j mission. The rule was passed in or der to place every motorist on an j equal basis as regards the strength of his auto headlights. Prescribing a uniform and proper headlight service, the Highway Department have named several hundred official service stations throughout the State to render assistance to motor car owners. Captain Farmer attributes many highway aacidenta to drivers becom ing blinded by glaring headlights. 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 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 has 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 Bhall try to get out several days in advance of Christmas Day, and request that all copy be given not later than Mon day night. During; the week ? of Chr: -as, only an abbreviated sort of : . will he published, that is for th ue of Januaiy 1, a&o copy for thi r ?si r?.l?o be in, th* office not later t next Vuesfoy, Decem ber 22nd Thank 70a. BRASSTOWN CI.UBS HOLD JOINT MEET Murphy Lions Club Guest At Special Entertainment La*t Satur day Night The Men's and Women's Clubs J of Brass town entertained the Mur | phy Lions* Club and wives of mem bers, on Saturday night the 12th. | The meeting* was held at The John C. I Campbell Folk School, where about (50 gct^Ted in the Community Roonu We were happy to have with us from m Murphy Mr. and Mrs. W. M. Fain, Dr. and Mrs. Ed Adams, Mr. and Mrs. Elkins, Mr. Bailey and Dr. ! Salisbury, and only Tegretted that more of our friends could not come, j The program opened with the play I ing ol several selections on the vio lin by Alexander Ware of the Folk School. Then the school band, which, is only a little over a month old, played some pieces, with Mr. Ware conducting, and Mrs. Campbell at the piano. The* members in the band ] that night, grouped according to the instrument? played were: tri angle*- Lucile Serous of Brasstown, Anne Mae Hensley of Murphy. Zoa Wilson of Highlands, Coy CoftY, <.f Suddiwid; tambourines-Stella Wilson of Highlands. Martha Voyles of Murphy, Nell Young of Lawrence j ville, (Ja.; drams: Haden Hensley : Murphy, and Grover Young of Law Irenceville, Ga; cymbals, Betty Pear ' son of Saluda; wood block, Hollis . Penland of Brastown; tin pans, Ray jmond Ketner of Magpie, N. C. I Austin Arrant of Murphy, Rastus ! Hughes, Lenard Canrtell and Bonnie [Logan, all of BVasstown. I There was next an amusing little ' act by Leon F. Deschamps and Alex ander Ware, which brought much | laughter and applause. Then Alex ander Ware played several violin -??!o?, including "Humor; uue," Vrs. Campbell accompanying on the piano. , A group of the Folk School workers and students then sang two very old j ballade of this section ? "A Paper of Pins," and "Lazy John, Lazy John, ! Will You Marry Me The next "stunt" caused consider able mirth, and much clapping:, es pecially alter tho.^e taking part had been identified, which in some cas es was rather hard to do. Mr. Fred O. Scroggs, with a large moustache and derby hat, came in to announce that a group from New York would appear to show various costumes, and asked his assistant, Mr. George Bid strup, to bring them in. First ap peared a dignified "lady" in a dress of the 1880s, who was finally recog nized as Bob Scroggs. Then came two white-gowned ladies of 1900 and 1910, Elmer Sales and John Deal, respectively. Miss 1928, a very tall "Miss," was Bill Clayton; and Alex ander Ware made a very lively Miss of 1932. The sixth "woman" was "Grandma" with a large sunbonnet, who .shook her head rather disap provingly at the modern styles. This was Mr. Fisher of the Folk School. Mrs. Campbell gave a little talk, explaining the singing games ana the band, as means of wholesome re creation, and also spoke of the need 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 side, as well as the social side. Then a group from the folk school did a number of singing games, the last being one recently learned, the "Flambor?ugh Sword." Mrs. Camp bell spoke of these old English games, sometimes tell a story, and wherein the 4*victim" is occasionally "killed," all in play, of course. The audience were especially enthusiastic about the "Flamborough Sword," which showed the result of much v-areful drill by George Bidstrup, &nd hard work by the students, -who seemed to enjoy it as much as the spectators did. Those taking part were Holis Penland, Haden and Anne Mae Ren sley, Lucille and Bob Scroggs, Stella Wilson, Martha Vovles and Betty Pearson. The members of the Clubs and their guests then went down to the dining room where a bountiful supply of delicious cookies, provided by members of the Women's Club, and coffee awaited them. The tables were arranged to make a large L for Lions. After the refreshments, several interesting speeches were I made. First, Mr. Fbher, as Presi dent of the Men's Club, gave the ad dress of welcome, which, coming at that time, alter the previous enter tainment, steemed, he said, rather like putting the cart before the horse. | He expresed the pleasure of at having our Murphy friends with President of the Lions* was then called upon, and mode a most interesting jh. He | started by saying that sookes Urge Motorists To Carry Registration Card At All Times GREENSBORO, Dec. 13 ? Motorists will save themselves considerable em bairassment and inconvenience by cartying their white registration pocket card with them at all times while operating a motor vehicle, Coleman W. Roberts, president of the Carolina Motor club pointed out here tonight. "Due to the fact that North Caro lina automobile license plates for 1932 will bear no classification sym bol it will be ncccssary for the high way patrol and other officers to frequently call on motor vehicle own ers for their registration card," Mr. Roberts said. "For this reason the law requiring that the nocket card' be carried at all times be rigidly en forced. Failure to carry the pocket card makes tlte operator of a motor j vehicle subject to indictment." Although the motor *.ub executive urged that the card be in possession of the operator of the vehicle at all I times he strongly opposes keeping j the card in the car as possession of | the card would hinder recovery of I the vehicle in the event it was stolen. | "In addition to it* value in dcterm ' ining ownership of a vehicle," Mr. | Roberts said, "the pocket card is the j operator's sole evidence that th%? .correct license fee has been paid. ;This will be particularly valuable to operators of trucks as the card will ' show just what weight, load may be j hauled on the particular vehicle." Mr. Roberts urged that fleet own ? era impress on their operators the I value of always carrying the registra tion card, and also made a plea for j truck owners who wish to carry j heavier loads than the rated capacity I to he certain and make known the j overload and pay the correct fee ! when purchasing license. I License plates will go on sale at 51 Carolina Motdr club offices Dec j ember 15. The* may b'j> placed in : us?j immediately after that date. Folk School To Give Pageant On Dec. 24 The Christmas pageant is to be given, as usual on December 24, at 2:00, at the Folk School, and it is hoped that many of our Murphy friends will also be able to attend. Vhi students are busy rehearsing their parts, and getting costumes ready, and it is expected that this j Pageant will be the best the school [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 as the Reese-Witt Agency. 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 bt^ine-ss for nearly fifteen years, and for several years was district manager for one of the large life and casual ty companies for the eastern part of 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. man the Lions' had expected to have present was unable to come, so that he himself was unprepared. Howev er his talk covered many interesting and important points and was well received by all. He mentioned the meaning of "Lions," and spoke of their aim of service, and verious pro 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 O. Scroggs, whose talk was full of wit and humor, and also much sound common sense,. He also brought out the need 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 flaying "A- Thief, A Thief," and also in the Danish iirand March. Then everyone made a huge circle, for the singing of Auld Lang I Syne. ; Then Dr. Adams mac> a but welcome speech, v. :t Ieu ^ras3town gr? with ?... ' .c.?s iu M" - i few rv ihe date *
The Cherokee Scout (Murphy, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 18, 1931, edition 1
2
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