? " Tr" "r ??' ?
SEES INFLATION
A SLOW PROCESS
A Real Danger for the Future, Col.
Ayres Tells Banking
Groups.
NEW BRUNSWICK. N. J.?Present
prospects do not lndlcste that Inflation
severe enough to cause further dollar
devaluation will come soon In this
country, but as an ultimate develop
ment It seems to be a very real dan
ger, Leonard P. Ayres, Vice President
Cleveland Trust Company, said here
tonight In an address before the Grad
uate School of Banking. He -believed
this statement to be true "unless the
government enters frankly upon a pol
icy of Issuing flat money with which
to meet Its expenses." At present that
does not seem to be In sight, he said.
The Graduate School Is operated
jointly by the American Institute of
Banking Section of the American
Bankers Association and Rutgers Uni
versity to offer advanced studies for
bank officers.
"We have so enormously Increased
the capacity of our banking system for
credit expansion that It is difficult to
see how we cou! '? have a vigorous
business revival v liout I ivlng It de
velop Into a credi inflati 1," Colonel
Ayres declared.
Inflation a Slow Pr< eta
If inflation does tome it will be a
slow process, he sai l, pointing oat that
in Germany, Franci , Itelgium and Italy
it took about Are years to develop from
the time when the governments en
tered upon policies of financing large
peace-time deficits by bank credit up
to the time when the public generally
began to spend money rapidly because
of fear that it would still further de
preciate in purchasing power.
"If we are to go through such s
period here It would seem likely that
It might last rather longer than the
corresponding periods did abroad," he
said. "Its beginning would date from
the spring of 1933 when we left the
old gold basis for our money and en
tered upon the policy of financing large
governmental deficits by the sale of
Federal securities mainly to banks
rather than to private Investors.
"The method that we are following
is the one that proved disastrous in
Europe for in all those countries in
cluding Germany, the increasing issues
of money that caused the inflations
were not mere printing press Issues
of flat currency, but were secured by
government bonds and notes discount
ed at the banks. Nevertheless, the
process is Inherently a slow one."
Among the clearest lessons taught
by the European experience, Colonel
Ayres asserted, Is that there are "no
good hedges against Inflation." Ms
added:
Did Not Lighten Debt Burdens
"One of the strange facts about these
Inflations Is that while they destroyed
the rallies of most existing debts, they
did not succeed In lightening the debt
burdens of either the people as a
whole, or of the corporations.
"Inflation destroys the ralue of bonds
and mortgages and so conflscatee the
property of these holders of obliga
tions and hands It orer to the share
holders and the eqnlty owners. How
erer. It Introduces so many new eco
nomic difficulties that these share and
equity holders are at once forced to
Incur new Indebtedness so that when
stabilisation comes the problems of
debt are abont as troublesome as tbey
were before, or eren more so."
The fire requisites of Inflation were
listed by Colonel Ayree as first, a pe
riod of sustained active business; sec
ond, a rising stock market; third, real
credit expansion; fourth, greater out
flow of gold "than we can tolerate
which would force us to cut our cur
rency entirely free from gold": and
fifth, continued large budget deficits In
government operation.
A PROPHECY
atgnincant economic development*
to be expected In the next decnde are
lilted by a prominent business writer
as follows: (1) II -her standard of
living. (2) Continue . advar: ei In tech
nical processes of p ductl i. (2) Fac
tory built houses, li iter n 1 cheaper
than hand made hou s. (4 > -omewbat
cheaper money. (6) l aster travel. (?)
News printed by ra o. (7) . chanlcal
cotton picker, revolutionizing the
South. (8) Cheaper < >ctrlc power. (I)
Better distribution of goods: more
chain stores. (10) Another depression
Ave or six years bence, preceded by
an lnflatlonarv hnnm
TWO QUESTIONS ANSWERED
Why if It that on* farmer ralaea 100
bushels of corn to the acre, and the
other one, on the other aide of the
fence, raleee 26 buahela to the acre?
Why la It that one farmer producee 100
pound* of pork on live bushefc of corn,
and another naea 26 bushels? Not until
power machinery, scientific principles
of soil fertilisation and restoration,
rotation of crops, diversification of
crops and economical feedlnt are ap
plied to the farm, will the farmers'
problem be solved, says a farm au
thority.
BANKING READY
NEW YORK. ? Thar* la abundant
tTidenea that bank* are In an nnnsaal
ly farorable position to flnanc* a pe
riod of lnduitrlal growth, nan the Jan*
fine of "Banking" published by th*
American Banker* Association,
An official lurrey on June 10 In
dicated that tha Government of the
United State*, tfirough Its loan*, waa
the potential owner of more thaa half
of the exlittng world itocki of Amerl
, can cotton.
Sale of Valuable
Farm Land.
Under and by virtue of the auth
ority conferred upon us in a Deed
of Trust executed by J.S.Vincent,
and wife, Mary Vincent, on the 6th
day of April, 1926, and recorded
Book 101, page 331, we will, on
Saturday, August 21th, 1935,
at 12 ;00 o'clock, noon.
at the Courthouse door in fAla
mance County, Oraham, N. C., sell
at public auction for cash to the
highest bidder the following land
to-wit;
Adjoining the lands of Viola O.
Harrison, A.T. McAdams & Byrd
lands and bounded and descrb
ed as follows; Beginning at a r0?k
corner with said Viola G. Harrison
in A.T. McAdams line running then
ce S. 8 deg. W. 15chs-to a rock
corner with said Harrison; thence
S. 31 3-1 deg W. 1.3J chs. to ftrock
corner with said Harrison; thence
N, 10 1-2 deg. W. 6.32 chs. 'to a
rock corner with said Harrison r
thence S. 68 3-t deg. W. 8.15 chs
to a rock in a branch corner with
said Harrison; thence down said
branch as It meanders N. 66 1-2
deg W. 1 chs. to a rock in said
branch with! said Harrison; thence
S. 81 1-1 deg. W. to a rock corner
with said Harrison: thence S. ?7
deg. W. 9 50 chs. to the center of
Stagg creek corner with said Byrd
( OdpcW); thence up said creek
as it meanders N. 26 deg. W. i.is
chs. N. 63 deg. W. 24 chs.N, 1 1-2
deg. W. J 35 chs. NJ80 deg, ) B
,3.15 chs. N. 45 deg. E. 2,35 chs,
N. 31 1-2 deg. E. 3 chs. to the
mouth of the branch ; thence 21 95
chs. to a poplar tree by the creek
thence N. 3 1-2 deg. E. 3.50 chs.
to a black oak; thence W. 2 chs.
to a high water mark ; thence with
high water mark 24 chs. ;thence S.
73 1-2 deg. E. crossing creek?chs.
to a mulberry tree corner (with
said Byrd; thence S. 31 deg. W.
21.10 chs. to a wild cherry tree
corner with said Byrd; thence S.
52 1-2 deg, E. 6.56 chs. to a rock
corner with said Byrd; thence S.
87 3-1 deg. E. 20 chs. to a rock
corner withf said Byrd; thence N.
1 1-2 deg. E. 4.15 chs. to a odd
stump; thence S. 88 1-2 deg. E.
20.50 chs. to the beginning and
known as the part off Jot No. 3
in the division *>F the Jands of J.
S. Vincent (dee'd) and L. A. Vin
cent (dee'd) among the (paid ,Viola
G. Harrison, Joe. S. Vincent and ,R.
W. Vincent.
Tract No. 2; Also another part,
beginning at ja Black Oak tree cor
ner with ?aid Watson and Harrisojn,
running thence tN. 89 1-2 deg. K.
15.75 chfl." (to are oak (flump, corner
with said \Byrd a!nd Harrison on the
S. side of Branch; thence N. 50 deg.
F. 65.30 cha. to a Rock and (flump
corner with aald Byrd; thence N.
(87 deg. fW. 15.60 cha to a rodk
corner with aald Watsdfci; thence
S. 50 'deg. (W. 66.35 cha. to the be
ginning, containing 103,1 acres, more
or leas, end known aa the other
part jot jlofl of the aald division of
said lands, 'fleas 25 acres cut from
the N. end fof second tracr.
This land is aold subject to all
unpaid taxea
This sale Is made by reason ot
the failure of J.S.Vincent and wife
Mary Vlncept, to pay off and dis
charge the indebtedness secured by
said Deed of Trust.
A deposit of 10 percent will be
required from the purchaser at -the
sale.
This the 18th day of July, 1935.
Interstate Trustee Corporation,
Substituted Trustee,
Durham, N. C.
Trustee's Sale.
Under and by vlrtuetof the power
ot sale, contained in a Deed of Trust,
executed June 16th, 1934, by Doretha
Bahadur and husband, JohnS, Baha
dur, td the undersigned Trustee, re
corded Iq the office of the Register
of Deeds of Alarn lance County, In
Deed of Trust Boole HI, page 310. to
secure a certain note therein set out
default having been made in (the
payment of same, the undersigned
Trustee will, on
Saturday, August 17th, 1935
at 11 ;00 oclock, A. M..
I
at the Courthouse door in Graham.
North Carolina, sell at public auction j
for cash, the following described
property;
Flock No. 10. lots No. 26 (to J
37, Inclusive. All of the aforesaid
lots are according to map of the W.
N. Thomp&oq property as recorded
In Plat Book 2, at pages 24 land 25
In the office of the Register of Deede
of Alamanc4 County, State of North
Carolina. These lots are located Id
Burlington, North Carolina.
This sale will remain open at re
quired by Uv for increased bids.
This the 13th day of July, 1935.
H. C. POLLARD,
Trustee
John R. Hoffman, Atty.
NOTICE!
Service by Publication
NORTH CAROLINA
ALAMANCE COUNTY.
In The General County Court.
None P. Benz,
?a
Allen J. Eenz, Jr. ^
The defendant above named will
take notice that an adtiom entitlled
as a^ove has been commenced in the
General County Court of Alamance
County, by the plaintiff for an ab
solute divorce from the defendant,
Allen J. Benz, Jr., on thegrotiirds
of two year's separation and the
said defendant will further take no'
tice that he is required to lappear
at the office of Clerk of the General
County Court at his office in (Gra
ham, North Carolina, on or before
the 2 Ith day of September, 1935, and
answer or demur to the complaint
in said action, or the plaintiff /will
apply to the Court for the relief (de
manded In said complaint.
This the 21th day of July, 1935.
B. H. MURRAY,
Clerk General County Court.
NOTICE!
NORTH CAROLINA,
ALAMANCE COUNTY
IN THE SUPERIOR COURT
William Earl Burke,
v*
Winifred Packard Burke,
To Winifred Packard Burke, De
fendant ;
Take notice that on the 20tfa>
day of August, 1935, at 10 ;00 o'clock
A. M. and thereafter, in the office bf
William A. Farley, Jr., at 103 Mair
Street in the City of Brockjton, Coun
ty of Plymouth, State of Massachus
etts, before William A. Farley, Jr..
Commissioner duly appointed by the
undersigned Clerk of Superior Court
the plaintiff wai take the deposj ion
of tor\ Etta Packard and others, to
be read as evidence for the plaintiff |
in the above entitled action which
is now pending in the Superior Court
of Alamance County, State of North
Carolina; and you will further take
notice that if the taking bf the said
deposition is not begun and eomplet
ed on the said day, the same will
be continued from day to day until
completed,
E. H. MURRAY,
Clerk Superior Court for 'Alamance
County.
Coulter & Allen, Attys.
Trustee's Sale of Real Estate
Under and by virtue of the power
and authority contained in tha,t cer
tain deed of trust executed and de
livered by D. R. Fonville, dated the
1st of November, 1959, and record
ed in the office of the Register of
Deeds for Alamance County, N. C.,
in Book 111 D. T? page 2S6, and
because of default in the payment
of the indebtedness thereby secured
and failure to carry out and per
form the Stipulations and agreements
therein contained and, pursuant to
demand of the owner and holder of
the indebtedness secured by aaid
deed ot trust, the undersigned trus
tee win expose for sale at public auc
tion to the highest bidder for cash
at the county court house of [Ala
n-ance County, in the City of Gra
ham, N. C., at IS o'clock, noon, or
as soon thereafter as reached, on
Monday, August 19th, 1935.
all that certain lot or parcel of land,
situate, lying and being in
Township, Alamance County, State
of North Carolina, and more partic
ularly described as follows;
LOT NO. 834
Beginning at an Iron stake, the
Southeast Intersection ot fFonvllle
Street with Fisher Street, and runs
thence In a Southerly direction a
long the East side of Fisher Street,
265.2 feet to an iron stake; runs
thence In an Easterly direction 271
3-4 feet to an iron stake, the So**.h
west corner of Lot No. 127; runs
thence in a Northerly direction a
long the West line of Lot No. 227 a
bout 205 5 feet to an iron stake on
the South aide of Fonville Street, the
Northwest corner of Lot No. 227;
runs thence in a Westerly direction
along the South aide of Fonville St.
tfJl -4 feet to an iron atrtf, the
point of beginning, and containing
1.98 acres according to a map of the*
North Carolina Railroad property/
which map la of record in the office
of the Register of Deeds of Alamance
County, North Carolina, reference
being hereby made to said map.
The above property will be sold
subject to unpaid taxes and other
assessments^ if any.
This sale will be held open ten
days for upset bid as by law re
quired.
This 10th day of July, 1935.
W. Q. BARNES,
Trustee.
.1
Trustee's Sale of Real Estate
Under and by virtue of the power
and authority contained in that cer
tain deed iof trust executed and de
livered by D. R.Ponville, dated the
1st of November, 1939, and record
ed in the office of the Register of
Deed# for Alamance County, N. C.,
in Book 112 D. T? page 83, and
because of default in the payment
of the indebtedness thereby secured !
and failure to carry out and ii>er-|
form the stipulations and agreements |
therein contained and, pursuant to
demand of the owner and holder of |
the indebtedness secured by said
deed of trust, the undersigned trus- j
tee wiU expose for sale at public auc
tion to jthe highest bidder for cash
at the county court house of Ala
mance County, in the City of |Gra
ham, N. C., at ,1! o'clock, noon, or
as soon thereafter as reached, on J
Monday, August 19th, 1935.
all that certain lot or parcel of land i
situate, lying and being in '
Township, Alamance County, State
of North Carolina, and more partic
ularly described as follows;
LOT NO. 23T
Beginning' at an iron stake on the
East side of Fisher Street, the Sow h '
east intersection of Fisher {Street |
with an unnamed street and runs
thence in a Southerly direction a
long the East side of Fisher Street
213.5 feet to an Iron stake; runs
thence in an Easterly direction 305.5 (
feet to an iron stake, the Southwest'
corner of Lot No. 229; runs thence
in a Northerly direction along |the'
West line of Lot No. 229 about 213.5
feet to an iron stake on the Soujch '
side of an unnamed street, the
Northwest corner of Lot No. B29;
runs thence in a Westerly direc
tion along the South side of said un
named street, 305.5 feet to an iron;
stake, the point of beginning, and]
containing according to said map'
1.50 acres, according to a map of (the
North Carolina Railroad Company!
property which' map is of record in '
the office of the Register of Deeds '
of Alamance County, North Carolina,'
reference being hereby made |to1
said map.
The above property will be eo'.d
subject to unpaid taxes and 'other
assessments, if any.
This sale will be held open ten
days for upset bid as by law re
quired.
This 10th day of July, 1935.
W. G, BARNES,
Trustee.
Trustee s Sale of Real Estate
Under and by virtue of thepo,wer
and authority contained in that cer
tain deed of trust executed and de
livered by D. K. Fonville, dated the
1st of November, 1998, and record
ed in the office of the Register of
Deeds for Alamance County, N. C.,
in Boole 111 D. T., page 259, and
because of default in the payment
of the indebtedness thereby secured
and failure to carry out and per
form the stipulations and agreements
therein contained and, pursuant to
demand of the owner and holder of
the Indebtedness secured by |said
deed of trnst, the undersigned trus
tee will expose for sale at public auc
tion to the highest bidder for cash
at the county court house of 'Ala
mance County, in the City of jTJra
ham, N. C., at ill o'clock, noon, or
as soon thereafter as reached, on
Monday, August 19th, 1935,
all that certain lot or parcel of land,
situate, lying and being In -
Township, Alamance County, State
of North Carolina, and more partjc
ularly described as follows;
LOT NO. 235
Beginning at an iron state, the
Northeast intersection of Fonville
Street with Fisher Street and runs
thence In a Northerly direction a
long the Bast side of Fisher 8treet j
about 2-20 feet fo an |ron state; pins
thence to an Easterly direction along,
the South line of Lot No. 337, about j
271 3-4 feet to an Iron state, the
Northwest corner of Lot No. 228, j
runs thence In a Southerly direction
along thtf West line of Lot No. 238
about Sit feet to the Noath aide J
of Fonvffle "Street \ runs thence in
a Westerly direction along the North
side of Fonville Street 871 3-4 feet
to the point of beginning, contain-'
ing 1.36 acres according to a map of
the North Carolina Railroad proper-,
ty, which map is of record in the
office of the Register of Deeds of
Alamance County, North Carolina,!
reference being hereby made to said
map.
The above property will be so'd
subject to unpaid taxes and other j
assessments, if any
This sale will be held open ten!
days for upset bid as by law re
quired.
This lPth day of July, 1935.
W. G. BARNES,
Trustee.
Trustee's Sale of Real Estate
Under and by virtue of the power j
and authority contained in thatcer-|
tain deed of trust executed andde-l
iivered by D. R. Fonville, dated the
1st of November, 1928, and record
ed in the office of the Register of
Deeds for Alamance County, N. C.,
in Book 112 D. T., page SI, and
because of default in the payment
of the indebtedness thereby secured
and failure to carry out and jper ?
fo?m the stipulations and agreements
therein contained and, pursuant to
demand of (the owner and holder of
the indebtedness secured by said
deed of trust, the undersigned trus
tee will expose for sale at public auc
tion to the highest bidder for cash
at the county court house of lAla
mance County, in the City of fJra
ham, N. C., at 12 o'clock, noon, or
as soon thereafter as reached, on
Monday, August 19th, 1935,
all that certain lot or parcel oflana,
situate, lying and being In
Township, Alamance County, State
of North Carolina, and more partic
ularly described as follows:
LOT NO. JIT
Beginning at the Southwest inter
section of Fonville Street with Sel
lers Street, and runs thence in a
Southerly direction! along ttie West
side of Sellers Street 265,2 Sfeet |to
iron stake on the West side of Sel
lers Street; runs thence in a West
erly direction about 235 7 feet to an
iron stake, the Southeast corner of
LotJNo. 221: runs thence in a North
erly direction along the East line of
Lot No. 221 about 265.2 feet to an
iron stake on the South sideof Fon
ville Street, and 'the Northeast cof
ner of Lot No. 221; runs thence in
an Easterly direction along the S.
side of Fonville Street 235.7 feet and
containing according to a map of
the North Carolina Railroad proper
ty 1.11 acres, which map is of rec
ord in the office of the Register |of
Deeds of Alamance County, North
Carolina, reference being ihercby
made to said map.
The above property will be so'd
subject to unpaid taxes and other
assessments, it any.
This sale will be held open ten
lays for np|*t bid as by law re
quired.
This 10th day of July, 1935.
I W. G. BARNES,
Trustee.
Trustee's Sale of Real Estate
Under and by virtue of the power
-ind authority contained in thait cer
tain deed .of trust executed and de
livered by D. B. Fonville, dated the
lat of November, 1948, and record
ed in tho office of the Register of
Deeds for Alamance County, N. C.,
in Booh 111 D. T., page 260, and
because of default In the payment
of the indebtedness thereby secured
and failure to carry out (and |>er
form the stipulations and agreements
therein contained and, pursuant to
demand of the owner and holder of
the indebtedness aecured by eaid
deed ofl trust, the undersigned trus
tee will expose for sale at public auc
tion to the highest bidder for cash
at the county court house of iAla
mance County, In the City of (Gra
ham, N. C., at 14 o'clock, noon, or
as soon thereafter as reached, on
Monday, August 19th, 1935.
all that certain lot or parcel of lind.
situate, lying nnd being in
Township, Alamance County, State
of North Carolina, and more partic
ularly described as follows;
LOT NO. 228
Beginning at an iron stake at the
Northwest Intersection of Fonvjlle
Street and Graves Street, and runs
thence in a Westerly direction alc^ig
the North side of Fonville Street 271
3-4 feet; runs thence in a North
erly direction along the East line of
Lot No. 435 about 220 feet to an
iron stake; runs thence In an East
erly direction along the South lines
of Lots Nos. 237 and 229 about 271
3-4 feet to an Iron Make r on the
West fide of Grave* Street; runs
thence in a Southerly direction a-,
long the West side of .Graves Street
220 feet to the point of beginning,
containing 1.37 acres according to
a map of the North Carolina Railroad
property, which map ia of record in I
the office of the Register of Deeds I
of Alamance County, North Caro-J
lina, reference being hereby made
to said* map.
The above property will be so'd
subject to unpaid taxes and other
assessments^ it any.
This sale will be held open ten
days for upset bid as by law re
quired.
This 10th day of July, 1935.
W. G, BARNES,
Trustee.
Trustee's Sale of Real Estate
Under and by virtue of the power
and authority contained in that cer
tain deed 'of trust executed and de
livered by D. R. Ponville. dated the
1st of November, 1928, and record
ed in the office of the Register of
Deeds for Alamance County, N. C?
in Book 111 D. T., page 257, and
because of default in the payment
of the indebtedness thereby secured
and failure to carry out and per
form the stipulations and agreements
therein contained and, pursuant to
demand of the owner and holder of
the indebtedness secured by tsaid
deed ol trust, the undersigned trus
tee will expose for sale at public auc
tion to the highest bidder Tor cash
at the county court house of Ala
mance County, in the City of ,Gra
ham, N. C., at 12 o'clock, noon, or'
as soon thereafter as reached, on |
Monday, August 19th, 1935.
all that certain lot or parcel of land.
situate, lying and being In ...
Township, Alamance County, State
of North Carolina, and more partic
ularly described as follows;
LOT NO. 121 i
Beginning at ,an iron stake on the
South side ofFonville Street, and
runs thence in a Southerly direction
along the West side of Lot No. 217,
205.2 feet to a stake; runs thence
in a Westerly direction to a fttake
on Ithe East side of Gnaves Street;
runs thence In a Northerly direction
along the East side of Graves Street
to an iron stake, the Southeast In
tersection of Fonville and Graves
Streets; runs thence In an Easterly
direction along the South side of
Fonville Street 235 'feet to -the point
of beginning, and containing, (ac
cording to said map, 1.11 acres, ac
cording to a map of the , jNorth
Carolina Railroad Company proper
ty, which map is of record in the
office of the Register of Deeds (of
Alamance County, North Carolina,
reference being hereby made to said
map.
The above property will be aold
subject to unpaid taxes and other
assessments, If any.
This sale will be held open ten
days for upset bid as by law re
quired.
This lOtK day of July, 1935.
W, G. BARNES,
Trustee.
Trustee's Sale of Real Estate
Under and toy virtue of the power
and authority contained in that cer
tain deed of trust executed and de
livered by D. B. PonvUle, dated the
lat of November, 1929, and record
ed in the office of the Register of
Deeds for Alamance County, N. C.,
in Boot 111 D. T? page 25?, (and
because of default in the payment
of the indebtedness thereby secured
and failure to carry out and (per
form the stipulations and agreements
therein contained and, pursuant to
demand of the owner and bolder of
the indebtedness secured by oaid
deed of trust, the undersigned trus
tee win expose for sale at public auc
tion to the highest bidder for cash
at the county court house of (Ala
mance County, in the City of .Gra
ham, N. C? at 12 o'clock, noon, or
as soon thereafter at reached, on
Monday, August 19th, 1935.
ill that certain lot or parcel of land,
situate, lying and being in
Township, Alamance County, State
of North Carolina,and more partic
ularly described as follows;
LOT NO. 221
Beginning at an iron stake, the
Northwest Intersection of FonviUe
Street and Graves Street and runs
thence in a Southerly direction a
long the West side of Graves Street
205.2 feet to an Iron stake; fruns
thence in a Westerly direction a
bout 271 3-4 feet; runs thenee In
s Northerly direction along the
Bast line of Lot No. 234, about 205.2
feet to an iron stake on the Sov^th
side of Fonvilje Street; runsthen
? ? * 1 -
oe in an Easterly direction, ail)n,
the South side of Fonville Street
jTi J-t feet to an iron atafee, ,h(
point of beginning, and contain^*
l.?S acre?t according to a mapofttJ,
North Carolina Railroad property
which map is of record in the 0fr,fe
of the Register of Deeds of Alaman
ce County, North Carolina reference
being hereby made to said map.
The above property will be so'd
subject to unpaid taxes and other
assessments, if any.
This sale 'will be held open ten
days for upset bid as by law re.
quired.
This 10th day of July, 1935.
W. G< BARNES,
Trustee
Notice of Real Estate
Re-Sale.
Under and pursuant to the pr0.
visions of the judgment nf the
Superior Court of Alamance Coun
ty in the case of Town of Gra
ham against J. D. Kernodie, and
others, as entered at the aU!le
Special Term, 1933, by His Honor
W. L. Small, wherein said
ment directs the sale of the real
property hereinafter described and
appoints the undersigned \V. Carl
Longest, as Commissioner to sell
the same, and also pursuant t0
the order of re-sale, as entered at
the February Term, 1931, of said
Court, by His Honor, Thomas J,
Shaw, the undersigned Commission
er will offer for sale at i public
auction to the highest bidder, a.
the Courthouse door in Graham,on
Monday, August 19th, 1935
at 12 ;00 o'clock, noon,
all of the following described real
property, to-wlt;
A certain tract or parcel of land
in the Town of Graham, Alamance
County, North Carolina, adjoining
the lands of J. B Stratford, North
Main Street, B. N. Cook estate, ff
C. Wrike, W. A. McAdams. C. D.
Isley and wife, Edith M. lafley, North
Maple Street, Ella C. Clapp, et it
and described as follows, to-wit
Beginning at an Iron stake on the
Western aide of North Main Strew
in said town, corner with J. B.
Stratford, running thence with the
Western margin of said North .Main
St., 311 it. to an iron stake corner
with R. N. Cook estate; thence in a
Westernly direction with the line of
said Cook estate 193.46 feet to i
stake corner with said Cook; thence
in a Northerly direction with the
said Cook and W. C. Wrike to an
iron stake corner with W. A. Mc
Adams, W. C. Wrike, C. D. Isley and
wife, Edith M. Isley; thence in a
Westernly direction with the South
ern line of the said Isley's 123.31ft
to an iron 6take on the Eastern
side of said North Maple Street
235 feet to an iron stake on the
Eastern side of North Maple St
corner with said Ella C. Clapp;
thence in a Easterly direction with
the line of said Ella C. Clapp
and the said J. B. Stratford toj the
beginning.
The above described $and will ht ?
sold in two separate tracts asfoi-M
to was; I
First Trad. Adjoining, thslandiB
of J. D. Kernodle, W. F. F, Clap? I
and T. C. Montgomery home piacH
and others, bounded as follows. I
Beginning at a stake X. E. cor-B
ner of said Clapp lot; running fl
thence E. 206.58 ft. with fine olla'H
J. B. Stratford and wife toastak'H
in W. aide of N. . Main St.; then*?
N. with K, Main St., 51 1-2 It. I
bend in said St; thence in a Xorr-B
western direction with said stres'B
152 ft. to the said Montgomery H
home place line; thence .in a So"''?
: westernly direction.with the SoxJ^B
i line of the said: Montgomery ho?!^B
place line; thence in a Southwest BB
erniy direction with the South bitH
of the said Montgomery lot i rhs^B
j and 8 links to the southwest ?'?
ner of said .^Montgomery lot: thet?^B
in a southeasterly direction to
beginning. H
Bidding on this tract "ill
gin at $1,050.00. H
Second Tract; All of the
ance of the tract of land a*
bove described. ^B
Bidding on this tract
at $1,575.00. ?
Terms of sale;
This is a re-sale and the
der will be required to ra-f
half of his -bid in cash
balance within six months ?
date of confirmation, deferred
ment to bear interest at sit r^M
cent, and title to be re.am^ ^B
til purchase price is fu' v
Sold subject to advance 1
confirmation by the Court
J This the 3rd day of J"1* ' ?
W, CARL LOSLESL^J