RESERVE BANKS OPEN.
Their Opening Marks a New
Era In the History Busi
ness and Finance.
Washington, Nov. 15. — After
months of preparation by the
federal reserve board and by the
country's bankers, the 12 federal
reserve banks will open tomor
row for business, making the
first great change in the banking
system of this country in the
last 50 years.
"The 12 banks, designed to
take care of the commercial
needs of the entire nation, are
located in Boston, New York,
Philadelphia, Richmond, Atlanta,
Cleveland, Chicago, Minneapolis,
St. Louis, Kansas City, Dallas
and San Francisco.
For the "present their opera
tion will be limited largely to
rediscounting of notes, drafts
and bills of exchange, but as ex
perience is gained, steps to have
them exercise their other func
tions under the currency act,
will be taken. The directors of
all the banks have been selected,
the board has named its repre
sentative for each bank and suit
able headquarters have been se
cured in all the 12 cities.
Officials here will watch the
progress of the system with ut
most interest. It started with
7,751 member banks, with au
thorized capital of $106,795,6000,
of which one-sixth is in their
vaults. The exact figures for
the cash reserves in all 12' banks
has not been accurately comput
ed, but is estimated at close to
$250,(100,000 drawn under the
law from the present reserve
agents of member banks.
The reserve banks begin opera
tions at a time when members of
the board feel there is an ex
cellent opportunity to test out
the system. Their ability to re
discount commercial paper has
been counted upon to loosen the
purse strings of banks, provide
machinery for taking care of
crops and generally meet busi
ness needs.
In speaking of the opening
Secretary McAdoo said tonight:
"The opening of these banks
marks a new era in the history
of business and finance in this
country. It is believed that they
will put an end to the annual
anxiety from which the country
has suffered for the past genera
tion about insufficient money and
credit to move the crops each
year and will give such stability
to the banking business that the
extreme fluctuations in interest
rates and available credits which
have characterized banking in
the past will be destroyed per
manently.
"The federal reserve banks
provide for a system of credits
based upon commercial paper,
thus at last securing to the coun
try an adequate supply of the
necessary credits to meet the
legimate demands of business
as they develop. The supply
will be absolutely responsive to
the demand and thus business
will be freed from restrictions,
limitations and injuries from
which it has suffered in the past
because it has not been able to
receive at the time when most
needed the credit facilities which
were essential to its regular and
proper development. The whole
country is to be congratulated."
Mr. Samuel Johnson, of Ger
manton Route 1, was a visitor
here Friday.
NOTICE!
To The Tax Payers of Stokes
County.
I will meet the tax payers of Stokes
county for the purpose of collecting
the 1914 taxes at the following times
and places:
Pinnacle, Monday, November 23rd, 1914.
King, Tuesday, " 24th,
German ton. Wednesday, " 25th,
Walnut Cove. Thursday, " 26th,
Pine Hall, Friday, " 27th, "
Francisco, • Monday, " 30th, "
J. H. Wright's Store, Tuesday. December Ist, "9t012 a. m.
Westfield, Tuesday, " Ist, " 1 to 4 p. m.
W. R. M'tchell's " Wednesday, " 2nd, "
Capella, Thursday, " 3rd,
Wilson's Store, Friday, " 4th,
Danbury, Monday. " 7th, "
Dillard, Tuesday, " Hth, "
Sandy Ridge, Wednesday, " 9th,
Lawsonville, Thursday. " 10th, "
I hope the people will meet me at the above times
and places and pay their taxes. Money will be much
needed to pay State taxes, and to meet the current
expenses of the county. I will remain at the above
places from 10 a. m. to 3 p, m. except Wright's Store
and Westfield, at Wright's Store from 9 a. m. to 12
m., Westfield from 1 p. m. to 4 p. m.
This November 11, 1914.
W. C. SLATE, Sheriff.
f The People |
1 Should Know
4ft V
• And take advantage of |
2 the biggest SUIT SALE |
t ever heard of in this part t
| of the State, now going 2
| on at BOYLES BROS. |
| COMPANY. The lot con- 2
9 sists.of hundreds of fine f
2 SUITS bought at a special |
f price from the Clearing J
| Houses. Many samples S
| in the lot for men and f
2 boys. |
"""""I BOYLES BROS., j
X Winston-Salem, N. C. X
THE DANBURY REPORTER
||ji
Rheumatism
Just put a few drops of Sloan's
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it penetrates to the bone and
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Mr. J amen E. Alt lander, of North
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relief* lat once applied your Liniment
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SLOANS
LINIMENT
Kills Pain
At all dealer*. 25c.
Send four cent* in (tamps for t
TRIAL BOTTLE
Dr. Earl S. Sloan, Inc.
Dept. B. Philadelphia, Pa.
WANTED 100 good tobacco
farmers to locate in Moore coun
ty, N. 0., to make crop next
year. Land will produce any
crop grown in North Carolina and
is especially adapted to tobacco,
corn, oats, cotton, teaches, dew
berries and other fruits as well
as truck of all kinds. Anv size
farm from 50 to 1000 acres. Prices
right and easv terms. Address
J. M. WINDHAM, Southern
Pines, N. C. novlltf
Sale of Valuable Personal
Property.
On the premises at the home
place of the late Thomas M.
Baker on Germanton Route 1, on
Thursday, November 19, we will
offer for sale to the highest
bidder for cash the personal
property belonging to the estate
of the said Thomas M. Baker,
consisting of household and
kitchen furniture, including the
library one organ, furniture,
etc.; two good mules, wagons and
harness, one buggy, one drill,
corn shucker. mowing machine,
rake; a (|uantity of nay, wheat,
corn, fodder, shucks, tobacco
flues, farming tools of all
description, and various other
articles of personal property.
Sale will begin at 10 A. M.
Be sure and attend this sale,
as you will be sure to get some
great bargains.
T. F. BAKER,
ROBERT BAKER,
Executors of T. M. Baker,
deceased.
For Sale or Exchange For Stokes
County Property.
I have for sale a house and lot
in Winston-Salem, corner lot
150x175 feet, house large. 2-story,
11 rooms including 2 basement
rooms and bath room, with
modern conveniences, water and
lights, and promise of sewerage
at early date. Room on lot to
build 6 tenement houses. Good
feed barn and other out houses,
and garden. Located in Fair
view, splendid residential section.
One block from car line, two
churches and school within
three blocks.
Will sell or will exchange for
small farm near railway sta
tion in Stokes county. Address
Box 451. Winston-Salem, N. C.
2sept tf
Mules For Sale.
1 have for sale at Winston-
Salem, N. C., ten fine younj?
mules, two and a half years old,
which will be sold at reasonable
prices. If YOU are in the market,
write me.
LIN I )SAY PATTERSON,
t.f Winston-Saiem, N. C.
A vtlck niakrn R quart of
It, .11 finest WHflhltig blue. It'a all fr, ~ n
Iv'Jf Mut-IKTM til to COCI •( » WIV/
V>i/I «l£.ttl«M bottle.
II Sc I
V J at all *roofr». Uyl
r|7 DIUHWd, Mrl>»nrll A Co., 17/
>n*i 409 v - u> rbiiw. n /
Heart ' Disease * Almost
Fatal to Young Girl
"My daugMer, when thirteen years
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She itu »o had we hud to place her
8 Led near a window
doctor s*aid. 'four
day. a fat. rory
cheeked gi:l. No one run Imagine the
confidence I have in l'r Mile*' Heart
Itemedy." A. I{. CANON, Worth, Mo.
The unbounded confidence Mr.
Canon has in I>r. Miles' Heart Rem
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others who know its value from
experience. Many heart disorders
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is right. If you are bothered with
short breath, fainting spells, swell
ing of feet or ankles, pains about
the heart and shoulder blades, pal
pitation, weak and hungry spells,
you should begin using Pr. Miles'
Heart Remedy at once. Profit by
the experience of others while you
may. «
Dr. Miles' Heart Remedy la sold and
guaranteed by all druggists.
MILES MEDICAL CO., Elkhart, Ind.
Coughs
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Instead kill your Cough with DR. KING'S
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Ail Drutffists 50c. and SI.OO
State of North ]ln the Sajierior
'arolina, Stoker I Court.
County. ] Notice to nou-
In the matter of | resident parties,
a caveat to a |
paper - writing I
purport ing to lie j
the last will anl |
testament of j
.Mm. Malissa IS. j
Klippin.
In the above entftlei] matter, it
appearing to tlie Court, upon
affidavit filed that Nancy J. Karris
(a devisee and legatee named in a
paper - writing dated May Ist.
1'.11., purporting to he the last will
and testament of .Mrs. Malissa I:,
l-'iippini and her husband, Oeorge
W. Karris, are non-residents of the
Stat#' of North Carolina, and can not
Im* personally served with notice,
and can not after due diligence Im*
found therein, and are necessary
parties to this pioceeding: the same
being a caveat entered and tiled by
.lames C. Klippin, in the Superior
Court of St.ikes county, N. ~ on
tlie i'4th day of Oct olier, I!H4. to the
probate of the said paper-writing
dat'd May Ist. lull', purporting to
In- the last will and testament of
Mrs. Malissa B. Klippin, divensed.
It is theri'fore ordered l»y the court
that pulilicatloii of notice of the
tiling of said caveat lie made for
fo'tir successive weeks ill the Banbury
Beporter. a newspaper published in
Banbury. Stokes county, N.
notifying the said Nancy.l. Karris
and her husband, Oeorge W. Karris,
to appear at the Spring Term lid.*.,
of t ise Superior 'iuirt of Stokes coun
ty, to lie held at tlie court house in
Banbury, X. on the liftti Monday
after the lirst Monday in March.
l!tl.". and make themselves parties to
said proceeding, if they so choose to
do, and tile answer to the petition
of the petitioner, .lames C. Klippin.
and let the said Nancy .1. Karris and
husband. Jeorge W. Karris, take
notice, if they fail to appear at said
term and make themselves parties,
and tile no answer to sulci petition,
the same will lie heard ex parte as
to them. This the l!4th ilav of Oct.
1!(14.
M. T. CHILTON.
Clerk Superior Court.
N. o. i'etri'e, Attorney for petitioner.
LAND SALE.
By virtue of a decree of the
Superior Court of Stokes county,
rendered by M. T. ' hilt on. C. S. C.,
in the Special Proceedings entitled,
"Harvey 1.. Mitchell et al \s.
William Ward et al" appointing the
undersigned a commissioner to make
sale of tlie hereinafter described
lands, I will sell on Monday, the
.'loth day of November. ISII4, at the
postotlice at Billnrd, N. C., at he
hour of one o'clock I'. M. ;it
public aiii'tion to the highest liidd'T
lor cash tii" following describi'il
lands to-wit :
A certain tract of land situate,
lying and being in the county of
Stokes ami state of North Carolina
and more particularly described and
defined as follows to-wit : hying
and being in Beaver Island town
ship, adjoining the lands of s. .\,
Mitchell, c. A. .Mitchell, deceased,
W. A. Ward and others, and bound
ed as follows, to-wit : Beginning at
a dogwood corner of Lot No. 1.
runs Kr.st on Ward's line
cha'us to a white oak in Ward's
line, thence South with said line
lii l-i' chains to a stake, thence West
on line of Lot No. 4, :?:> 1-:.'chains to
a pine, corner of Lot No. 1, thence
North on said line I> l-:.' chains to
the beginning containing •'!* :5-l>
acres more or less, and it being Lot
No. in the division of the lands of
Anderson Carter, deceased, which
was allotted to Jasper .1. Carter,
who has since died, for record of
said division see Book No. :iii, pages
2t'ss, etc,, in the otlice of the Register
of Deeds of Stokes county, N. C.
The bidding will start at $y!HU'7.
and the sale will bu made subject to
the continuation of the court.
This Nov. 11, 1!»14.
W. K. (iOOLSBY,
Commissioner.
.1. I>. Ilumplireys, Atty. for l'lffs.
Notice—Sale of Real Estate
By virtue of a decree of the Super
ior Court of Stokes county, rendered
on tlie l!Hh day of Sept. IJH4, in the
t'pecial Proceeding entitled ".I. 1".
Newsoni. et al. exparte," appointing
the undersigned a commissioner to
make sale of the lands hereinafter set
forth. 1 will sell at a public auction,
to the highest bidder for cash,
upon the premises at King, Stokes
county. N. ('., on Saturday, Dec. .Vth.
ISII4 at the hour of o'clock p. m. the
following lauds formerly belonging
to.I oh n W. Newsoni, deceased.
First Tract, beginning at a black
gum, .1. W iNewsoni's and Oralis'
corner, runs Kast >n L'ti-V; yards to a
rock, thence North KM; yards to a
rock. thence West nv l'Ci-.m; yards to a
post oak, thence South lot! yards to
the beginning.
Second Tract.begintilngai a stake.
Keiger's corner, runs Last with
oralis' line, crossing a branch
chains and II links tos post oak.
thence South on Lloyd's line 4 chains
and 77 links to a black gum, tlience
West crossing branch * chains ami
41 links toa stake, in Keiger's line,
thence North with his line 4 chains
and 77 links to the beginning, con
taining ."i 1-2 acres, more or less less
one-lialf of one acre sold to L. A.
But ledge and wife. The land will be
sold in two separate lots and also
as a whole to see in which way It
will bring the beet price.
This the 12th day of Nov. 1014.
C. I>. SLATK, Coiti'i
N. >. Pt'lfw, Att.v. for Coin'r.