REPORT OF THE CONDITION OF
The First National Bank
At Louis burg, la the State of North Carolina, at the cloee ot buaineaa on
February 28th, 1828.
- j ---V ? V DPO/MTD/'tPCl
juioUUKLruj ~ : ?
Loans and diecounts, Including rediscount*, accep
tance of other banks, and foreign bills of ex
. change or drafts sold with Indorsement ot this
bank ?
Overdrafts, secured 89,990.31; unsecured. 9904.09;
Deposited to secure circulation (U. S. bonds par value)
Other bonds, stocks, securities, etc., owned
Customers' liability account of acceptances executed by this bank
and by other banks for account of this bank, and now outstand
ing
Banking House, Furniture and Fixtures I?
Real estate owned other than banking house
Lawful reserve with Federal Reserve Rank ______
Cash in' vault and amount due from national banks
Amount due from State banks, bankers, and trust
the United States
Checks on other banks in the same city or town as reporting blank
Total of Items, 9, 10. 11, 12 and IS .... p 104,979.48
Miscellaneous cash items
Redemption fund with U. 8. Troas. and due from U. S. Tress.
TOTAL 8 682,847.33
LIABILITIES
Capital stock paid In 360,000.06
Surplus fund , IS,000.00
Undivided profits I 15,166.20
Less current expenses paid 2,821.24 12,344.96
Reserved (or taxes, interest, etc., accrued 3,100.00
Circulating notes outstanding 50,000.00
Cashier's checks outstanding . ?... , ' 417.36
Individual deposits subject to check " 237,441 88
State, county, or other municipal deposits secured by pledge of
assets of this bank or surety bond 36,273.83
tlittsn "V ?
lOloi t>l UrtllaUU UtpOolta totutrl titctii utuik ucpuotto;
subject to Reserve ^ 8- 273,715.71
Savings deposits (including time certificates of deposit other
than for money borrowed) 267,291.53
Acceptances executed by this' bank for customers, and to furnish
dollar exchange -? 10,000.00
Liabilities other than those above stated j . 677.77
TOTAL :J- ? ? ?1- | 682.547.33
8tate of North Carolina. County of Franklin, ss:
I, F. I Beasley, Cashier of the above-named bank, d6 solemnly swear that
the above statement is true to the best of my knowledge and belief.
F. J. BEASLEY. Cashier.
J Correct?Attest:
W. K. WHITE,
T. W. WATSON.
... = - F. W.'JUOTICJ,
Directors.
Subscribed and sworn to before me this 7th day of March. 1928.
S. L. ROBERSO.N, Notary Public.
My Commission expires May 19, 1939.
I
House Paint
p THE mOHSST QUALITY
I
See me about Painting your House. I guarantee to
I save you money.
IT WILL COST NOTHING TO INVESTIGATE
I
| Largest Assorted Stock of Hardware carried by any
Store in Franklin County.
I FURNITURE ? RUGS
9x12 Linoleum Rugs, Special $6.49
- PHONOGRAPHS RECORDS
I
It's cheaper to buy at the "Store than to buy at the
I Door.' Do you get the idea.
H. C. TAYLOR
FURNITURE Phone 305 HARDWARE |
Before Warm Days Come
Phone For Ice
?
Always at your service?huge cakes of cooling Ice?%
your guarantee of maintaining a healthful household
' fluxing the summer season.
Protect your food from the ravages of warm and
humid temperatures, from the dangerous germs and
tainted Hafors.
bur ice is a health insurance policy for you?insur
ance that protects. Try it Our Service is the best.
Try us.
Your8 to serve,
ENGLAR ICE CO.
f EDWIN A. ENGLAR, Proprietor
Telephone No. 50
rows* nm, louisbuuo, h. c.
WtfUUTRA.'
? THE Bl'NN HIGH SCHOOL
? BHONCHO
? _ Editor
? Humlltea Hobgood
? Social Correspondent
? Trdni Brewer
? Inter.Class Correspondent
? Vrma gttitUul
? Hamor
? Phil Urlffln
On Friday evening, February 24,
the Bunn High School basket ball
team defeated the Bunn All-Star
team, which la composed of three
former captains of Bunn Hlgt^, School
teams, and other outstanding stars.
The final score was 21-15. This was
one of the hardest games that the
high school team has played this sea
On Monday evening, February 27,
the Bunn High School team defeated,
the Gold Sand team for the third
time this season, by the score of 33^2.
The first string men played only halt
of the game. Coach Cornelius running
the entire second string during the
latter half. Gold Sand boys w?
able to score only three points on
the first team. The second team made
a wonderful showing, which permits
one to think that Bunn has good pros
pects for next season.
On Tuesday evening. February U,
the Bunn team defeated Frankllmton
High School at Franklinton My the
score of 23-16. Bunn Jumped Into the
lead during the first quarter and was
never stopped by the Franklinton
quint. This marked the nineteenth
victory of the seasun against four de
feats. -lo team has been able to
defeat Bunn more than one time this
season. Some of our victories have
come from such strong quints as
Wakelon, Spring Hope, Castalia and
Franklinton.
State College Program
Last Friday morning at slevan c
ctoctrr-the Young Tar Heel Farmera
of the second section in Buna High
-School, went up to Dr. B. O. John
son's home and listened to aa agri
cultural program over the radio The
program was given by several State
[College men for the benefit of farm
ers and agricultural students. The
program was as follows; -
| how to start baby chicks, Dr.B. F.
Kaup. ? ______
[?Mai heting problems, Mr. ROM.
Projects, Mr. Jean Cooke.
Large legumes. Mr. Dart.
The program was enjoyed by the
entire class and the speeches were
all very plain and Interesting.
The agricultural students hare been
getting a little first hand knowledge
of pruning during the last week. The
teacher, Mr. O'Qulnn, haa been having
the boys do some actual pruning for
people in tl>e community, during the
regular agriculture periods. The boys
seem to like that better than the re.
gular classroom recitations, and they
surely will learn more about the Job
by doing the real work themselves.
They may learn the rulea ln the class
room, but there 1* nothing like prac
tloe. _ ?J
The first year class in home eco
nomics has been studying desserts
suitable for lunch. Today they finish
their problem in cakes. The second
year claae served the last dinner to
day, and this ends their study qf
~ *
Knockout Kicks From the Breach#
Miss Wlggt: B..C, name the tour
seasons.
B. C.: Salt, mnitard, vinegar and
pepper.
BHe off more than yon can chew.
Then chew It; x
Plan more than you can do,
Then do It;
Hitch your wagon to a star
Keep your seat, and there yoa are!
Go to it!
Mr. Brown: You like to go to Sun
day school, don't you, Belmont?
Belmont: Yes sir.
Mr. Brown: What do you expect to
learn today?
Belmont: The date of the picnic.
Bertie county farmers vaccinated
291 head of hogs last week In sa at
tempt to control an outbreak of chol.
era.
It's ab.out time for some enterpris
ing entrepreneus to apply for the con
cession of-checking hats at the poli
tical ringside.
"TSSUBE ASTll BE 8URB"
"BE SCBE and with T. W. WAT80X
2-24-tf IJfSUBE"
HOP
? ?
Now Open
I am pleased to announce
to my friends in Loalsbarg
and Franklin County that I.
hare leased a room ander the
Ford Warehouse on Nash
Street and have Installed the
necessary machinery and op.
ened a Shoe Shop, where I
am preps-ed to do your Shoe
and Harness repair work te
the best . advantage at moot
reasonable prices. I can aloe
make you anything yon want
that can be made of leather.
Give me a call. Ton know mo
and my work. I will apprec
iate your patronage.
Gantt Shoe Shop
North Carolina
SUCCEED WITH OUR SEED
Adams Early Corn
Adams Ideal Corn
Truckers Favorite Corn
Coopers Prolific Corn
Hickory King Corn
Stowell's Evergreen Corn
Seed Irish Potatoes
English Peas
Onion Sets
Cabbage Seed
Salad Seed
Beet Seed
Tomato Seed, Lettuce Seed, Parsnip Seed,
Spinach Seed. Kale Seed, Carrot Seed,
Lawn Grass Seed, Flower Seed.
5E
Don't forget the Ful-OPep Don't forget the Dr. Hess
9
There's no snbstitnte for Quality, that's why
Our Fresh Gronnd Coffee Satisfies.
ON THE BUSY CORNER LOUISBURG, N. 0.
FIVE CHEAT LEADERS TO SPEAK
Five of the nations greatest Sun-!
day school loaders wilt speak at the!
Aunual State Sunday School Conveu
tlcn in Concord on Tuesday, Wednes. I
day and Thursday. April 10. 11 and 12
according to announcement made by |
D. W. Sims, of Raleigh, General Su.1
perintendent of (the North Carolina
Sunday School Association. The open
lng address of the convention on Tues
day night, April 10, will He given by
Dr. Edmund D. Soper, Durham, Dean
ot the School of Rellgiou of Duke Uni
versity, who has an international re.
putatlon as a religious leader.
Speakers and Instructors from out.
side the State will be Dr. Charles P.
Wiles, Philadelphia, Pa, of ahe De
partment of Sunday School Publica
tions of the United Lutheran Church;
Miss Mabel Lee Cooper, New York,
field Worker ah f lVreci.r of Teacher
Training for the Department of Re.
liglous Education ot the Nailonal
Council of the Protestant Episcopal
Church; Dr. Wade Crawford Barclay,
Chicago, 111., Ex ecu aire Secretary ot
the Committee on Religious Education
in Foreign Fields ot the Board of Edu.
cation of the Methodist Episcopal,
Church: Mrs. Elizabeth M. Finn. Phi -'
ladelphlar, UtrectOT ot Young People's
work lor the Northern Baptist Sunday
School Board.
The committee In charge ot the pro.
gram announces that there will be gen
eral sessions ot the convention morn,
ings and evenings, when topics of In.
terest to all Sunday school workers
will be discussed, and that the after
noons will be given over to .depart
mental conferences, making It pos
sible for workers in the different de.
partments of the Sunday- School to
get specific help on their problems.
The program committee is composed
of J. B. Ivey, Charlotte; L. W. Clark,
Spray; E. B. Crow, Raleigh; T. W.
Crsten, Gatesvllle; John B. Wright,
Raleigh; C. M. Van Poole, Salisbury;
Thoa.
Sims, Raleigh.
Concord's part in taking care of the
convention is In the hands of the fol
lowing committee on arrangements
which was appointed last October la
a meeting of pastors, superintendents
and other leaders In Concord: J. J.
Bernhardt, General Chairman; F. C.
Nlblock, Chairman Entertainment
Committee; J. E. Darts, Chairnma
Hall Committee; F. H. Adden, Chair
man Finance Committee; Rer. I Hard,
ing Hughoa, Chairman" of the total
publicity committee. Through this
committee it has been announced that
all delegates to the convention will
be entertained free for lodging and
breakfast in the homes of the Concord
people.
Now that the cooperative car let
sales of poultry are being held by the
county agents. It Is a good time M
call?out- the-hoarder hens and sell
them for cash.
Mexican Big Boll cotton seed bred
and grown at the Upper Coastal Plain
Branch Staalon near Rocky Mount is
finding a ready sale among farmers
who want good seed ot this variety.
Cottdn left close on the row with
two stalks to the hill matures earlier
and gives higher total yields than
coaton left over twelve Inches apart
on the row. V
Never count your chickens before
they return from a neighbor's garden.
"KING or COMMONER?" No.
5
ECONOMIC SIGNIFICANCE OF THE AMERICAN COTTON IN
DUSTRY?From latest volume in Manhattan Library of Popular Econom
icr, republished in serial form through courtesy of Bank of the Manhattan
Company, New York. / -
Akttcu Five
FROM SBBD TO FABRIC
ONE of the first discoveries made by the subjects of
King Coften when at last they rose In revolt against
his arbitrary methods was that of the lack of under
standing which existed between different parts of the king
dom. The grower in one State knew little about the opera
tions of those in other States or of the attempts of foreign
nations to promote cotton culture; the man who would spin
his cotton and the man who would weave it were strangers
to him. The latter took little thought of the grower's prob
lem; cotton to them came from bales, not from fields. The
bleachers, dyers and printers were classes apart; cotton
reached them in the form of textiles and there their interest
began. Also there were the ginners who separated lipt from
seeds; the dealers in raw cotton, the merchants, commission
houses^ exporters, wholesalers and retailers of mill prod
ucts. Each section had been going its own way, more or
less. The sense of unity upon which cooperative effort de
pends was conspicuously lacking.
However, this lack of unity represented merely one Stage
in a perfectly natural process of business evolution. It
could hardly have been otherwise, for specialization pre
cedes cooperation and each section had been in the hands
of specialists who were wrapped up in their respective prob
lems. Small wonder if they sometimes clashed, with results
that were unfortunate to all?unfortunate, yet in a larger
sense fortunate, because they proved the need for coopera
tion. This is the way in which voluntary cooperation usually
comes about, it is not voluntary until ia need is apparent.
At this point, it may be well to gain a reader's sense of
unity by glancing at the transmutation whereby a cotton
seed becomes part of a lady's summer frock, a man's shirt,
, a circus tent, a movie film or the cover of an automobile
___ C!PE*l
From field to fabric the cotton industry is
essentially one
It all begins, of coarse, with the
planting, when from early March,
in Southern Texas, to late May in
the Piedmont region of North Car
olina, the seeds are dropped in par
allel lines across the broad loamy
acres of the cotton lands. Soon
thereafter-green shoots show them
, selves above the soil and the plants
.grow vigorously under the warm
sunshine and frequent showers of
the region. If planted in April, the
first flowers appear in June and by
August have been transformed into
bursting bolls of the snowy white
fibre wherein Nature has packed the
? seeds for another crop.
' Assuming reasonable freedom
from boll-weevilr-which is by no
means a foregone conclusion but
the subject of ceaseless warfare?
the pickers, men, women and chil
dren, then begin to plod between
the rows, expertly twitching the
fleecy mass from the opened shells
and stuffing it, seeds and all, into
the bags or baskets they carry. This
is a flow, careful and expensive
process for, even today, most of it
is done by hand, although mechan
ical devices, now neanng perfec
tion, are expected to revolutionize
this process in the early future.
Next comes the ginning, wherein
some 15,000 gins, scattered through
out the growing region, clean the
cotton from the seeds and their
fuzzy lint material that once were
thrown away as useless waste but
now are seen to be a storehouse of
wealth from which come values ap
proximating $400,000,000 a year.
The cleaned cotton leaves die
ginnery in big, square bales, and
these are taken to the compress
where the steel jaw* of a power
ful press reduce them to a size for
easy shipment. In this form tbey
wre received at the cotton mills
^ where cotton ceases to be a crop
and becomes a fabric Now comes
a change from the hot tun of the
cotton country and the work songs
of the llegro to the rambling
machinery of enormous plants in
which each bale is freed from its
metal tie* and it* wrapping and i*
acted upon by machines in long
rows which spin it into yarns and
threads, then weave these into the
innumerable fabrics that are called
for by the needs of the world.
While sundry bleaching, dyeing,
printing, cutting and stitching steps
still intervene between the former
bale and the "ultimate consumer," it
already is apparent that from field
to fabric the cotton industry is es
sentially one; its interests arc es
sentially mutual. No step could he
taken without the one that precedes
it and no step would be taken ex
cept for that which is to follow.
From the time that the seed is
placed in the soil until the Jinal
product is purchased by the user,
the process is continuous. Cooper
ation there must be?either con
scious, voluntary and efficient, or
involuntary and -wasteful.
(Nert Article, "Corroif'a Many
pAmrm")