Page Four
THB pnxn
Friday, January 21, 1927.
THE PILOT
Published every Friday by the
PILOT PRINTING COMPANY
Vass, Nortb Carolina
STACY BREWER, Owner
Subscription Rates:
One Year $2.00
cjrix Months $1.00
Address all communications to The
Pilot Printing Co., Vass, N. C.
Advertising Rates on Application
Entered at the PostoflSce at Vass,
N. C., as second-class mail matter.
THE PAGE
TRUST COMPANY
The action of the Page Trust
Company in promptly proposing
to take hold of the bank in San
ford which closed its doors a few
days ago is not the first time
this institution has come to the
front to lend its experience and
financial strength to help unfor
tunate institutions. It is lucky
that the Page Trust Company is
strong enough to do this in a
critical moment, and also that it
is so constituted that it is will
ing to do what it can at such a
juncture.
Carrying on a bank is a task
that requires a lot of judgment
and resolution. The Page com
pany has been criticized at times
because it has been somewhat
rigid in its exactions regarding
loans, but it has argued that the
money in its custody is the
money of its depositors and it
must always consider the possi
bility of repaying the loan.
Without discussing the poli
cies of banking it is enough to
say that the Page Trust Com
pany has keut its resources in
such condition that it could meet
the demand on it, and that it has
been mindful always of the bus
iness interests of its communi
ties as far as safe banking prac
tices permitted. A bank cannot
go beyond a certain point in ne
gotiating loans and keep its
faith with its depositors. Bank
ing cannot be carried on as a
favor to the man who wants to
borrow money, nor as a stim
ulus to industry. It must be
only when security is ample to
ensure repayment of borrowed
money that the loan is justified.
One of the troubles with this
country and this community and
this State is that too many per
sons are getting credit who
should not have it, and too much
credit is extended all over the
whole United States where less
credit w^hich would compel peo
ple to depend more on them
selves would be better for them
and for all concerned. In this
State we are running 400,000
automobiles, and a banker re
marked to The Pilot not long ago
that 80 per cent of them carried
a mortgage. If that be the case
it is probable we owe more for
automobiles in North Carolina
than the bonded debt of the
State. The counties owe vast
sums as a whole. The people
owe large amounts for various
things bought on credit, and far
too much of this debt the banks
have been obliged one way or
another to carry or to help.
A few days ago J. W. Bailey
spoke to the Farmers’ Union on
taxes, and he went so far as to
say that we are heading for the
dump pile unless we stop piling
up bond issues. He also referred
to the taxes on the farms, and
while he was inclined to a little
demagogy in his talk he has so
much of truth in it and he is a
man of so much intelligence and
study that he must be heard
with consideration.
Presently we come to a new
valuation on property in this
county. A few years ago values
were fixed at what were pre
sumed to be actual cash values.
The assessing board acted with
the utmost care and judg
ment and laid what was gener
ally regarded as a fair assess
ment. Yet after all when any
man attempts to fix an actual
cash value on land he attempts
the impossible, for there is no
such a thing. Land values are
entirely speculative, and while
the board fixed values at what
was regarded as fairly represen
tative it is evident that most
land in this county and probably
every other county in the State
has a lower value now in a spec-
ulaive way than when the first
assessment was made under the
new law. Some of the lands in
certain sections have advanced
materially, but much has gone
the other way, which merely
shows that there is no such a
thing as an actual cash value,
which is further proven by the
fact that lands that have been
sold at times for a cash price
have been sold later for less
price, as well as by the further
fact that lands that have sold
at what looks like a reasonable
price have been sold later at a
much higher price.
This land value has had much
to do with the strain on the
banks, as well as automobiles,
installment buying, time prices
and many other temptations to
spend money before it is earned.
The Page Trust Company, as
well as other banks in the neigh
borhood, has kept its head, and
it is fortunate that so many
have. But after all it is the peo
ple who in the long run must
remedy the condition, and they
can do it only by paying their
debts and making as few new
ones as cannot be avoided by the
most extreme effort.
CONCERNING THE
STATE POLICE.
George H. Maurice, of Eagle
Springs, a man of wide ac
quaintance over the United
States, and of some observation
abroad, writes The Pilot to men
tion some of the good work the
state constabulary is doing in
Pennsylvania, a state where he
has. investigated the matter
closely, and he also cites New
Jersey, where the system has
been modeled largely after the
Pennsylvania plan. In both
these states the state police are
organized exactly as the name
implies, and organized, not sim
ply thrown together. These men
have nothing to attract their in
terest but to look out for the
law. Before they are given their
tasks they undergo a training,
and they are under a discipline
much the same as in the army.
The fact is that many of the
men have seen army service and
learned how to be efficient and
thorough in their work. The
New York Times, in telling the
story of the New Jersey police
says that but two men were re
leased during the year and that
behavior is excellent, and the
duties are efficiently performed.
In Pennsylvania the work of the
state constabulary is so well
known that practically every
body is familiar with it. The
Pennsylvania organization was
built largely on the lines of the
Canadian mounted police, one of
the bodies of law-enforcing offi
cers that has stood as the model
for many years.
It is just as easy for North
I Carolina to have an efficient
I body of state police as for Can-
|ada, Pennsylvania or New Jer-
I se, but the first thing is that we
I decide we want such an organi-
! zation. We get what we want if
we really want it. But if we
cipher around as to how we are
going to modify all propositions
for a capable and dependable
force, and how we are to make
it the game of political desire
the whole project is perhaps not
dead, but it is far worse, for it
will give stones when bread is
asked for.
The blood of the several thou
sand slain on the highways cries
aloud for safety on our roads,
and there is but one way to get
safety and that is through the
creation of an efficient board of
state police under capable direc
tion, and with no other aim in
view than to maintain and en
force the law. And The Pilot be
lieves the department of police
should be in the hands of Frank
Page who has shown the ability
to get results and keep his de
partment out of politics.
REFORESTING THE
PINE WOODS.
Hugh McNair Kahler in set
ting a man to the job of planting
the bare spots on his 100 acres
of land near Southern Pines to
young pine trees is providing an
example of sensible handling of
the rural territory surrounding
the villages. Moore county has
a great deal of land that can be
appropriated to diversified uses.
Some of it is valuable for farm
ing, but it is useless to think
that all Moore county land will
be needed for farm purposes for
many a year. It will not. In
the remote sections of the coun
ty where timber is growing
freely the lumber crop is worth
encouraging for several reasons,
but one reason, as Colin Spencer
has pointed out in The Pilot, is
that crops of timber can be
made so cheaply on much of the
wild land that timber culture is
a profitable crop on any land
that will not pay a real return
in farming, which a lot of the
land at piesent will not.
Where the land is well located
for farming it wil be farmed and
should be, provided it is not
worth more for something else.
Some of the land lying near the
villages is worth more for home-
making than it is for farming,
and it should be reserved for
that end. In the vicinity pf
Southern Pines, Pinehurst, Pine
Bluff, Carthage and some other
points, much of the land is
worth so much more for house
sites that it should be reserved
for such objects, and to make it
of the highest value Kahler's
example suggests the method.
This country has too much land
to confine a home to a town lot.
An acre or two or three or a
dozen, or twenty-five or fifty, is
little enough, according to the
purse, but that acre, or what it
may be, is worth twice as much
if part of it is. intelligently
forested, and Kahler has set the
pace. A million pine trees could
be planted with profit this win
ter in the Sandhills solely as a
help toward making the homes
of the community more attrac
tive, and to add material values
to the land. Any one who has
a curiosity in this respect should
go out to Mr. MerrilFs new stone
house on Weymouth Heights,
and look down over the hills
there and see what the young
pines do when they get a chance.
Two or three years ago Frank
Buchan said an acre of pine
trees is worth more than an
acre of peach trees. That state
ment still stands good. It is
worth following further as
Hugh Kahler is doing.
CAMERON
“Last fall—^just before frost came
—our tomato vines were loaded with
ful grown, green tomatoies, and I
gathered them and laid them on the
shelves of our well house, the well
house being built with a thick wall,
to keep the water from freezing in
the water tank, and also kept the to
matoes from freezing. They kept
ripening enough to supply our table
all the fall, also on Christmas day
and New Year’s, and we still have a
few left. They tasted as fresh as
from the vines in the summer.”
The Woman’s Auxiliary met Tues
day afternoon with Mrs. W. M. Woot
en, good attendance, interesting meet
ing, after which the hostess served
jello, whipped cream, cake and hot
coffee.
Mrs. Janie Muse and daughter,
Miss Jacksie Muse, spent Tuesday in
Raleigh.
Misses Margaret Greene, Annie
Pierce, J. C. Mann and W. A. Muse
spent Saturday in Greensboro.
Mr. and Mrs. Norfleet Ray and lit
tle daughter, Patricia, of Pinehurst,
were visHors Sunday night of Mrs.
D. S. Ray and daughter, Miss Eliza
beth Ray.
Miss Margaret Green, W. A. Muse,
W. E. Mann were dinner guests Sun
day night of Miss Annie Pierce, the
Rose of Borderlee.
Mrs. D. W. McNeill attended the
(Please turn to page 5)
A. B. SALLY
Contractor & Builder
Pirjehurst, N. C.
Estimates Furnished on Reqaeet
R. G. ROSSER, M. D.
Physician and Surgeon
Pediatrition
Over Gunter's Store - VASS, N. C.
“If the weather kills your crop,
Keep a goin’.
If you tumble from the top,
Keep a goin’.
Spose you out of every dime,
Gettin broke aint any crime.
Tell the world you’re feeling fine,
Keep a goin’. ”
—Prank Stanton.
Rev. J. W. Hartsell celebrated his
77th birthday Saturday by inviting a
few of his friends to a substantial
dinner. Rev. Mr. Hartsell carries his
years well.
Rev. M. D. McNeill filled his ap
pointment at the Presbyterian church
Sunday night and preached from the
subject, “The Formation of Character
From Thoughts.”
Rev. O. A. Keller filled his appoint
ment at the Baptist church Sunday
morning and was a guest Saturday
night of Rev. and Mrs. Hartsell, and
dinner guest Sunday of Mr. and Mrs.
R. C. Thomas.
Mr. and Mrs. H. A. Borst and
Henry, Jr., of Vass, were guests Fri
day night of Mrs. E. M. Borst and
Miss Annie Borst.
W. M. Blue, of Raeford, was a
guest Saturday of Mrs. J. McK. Har
rington and daughter, Miss Kate Har
rington.
Mrs. Addie Allen, Mrs. W. M. Coop
er and children on Rt. 2, were in town
Monday.
Mr. and Mrs. Raymond Thomas and
little son, John Wesley, of Raledgh,
spent the week end with relatives in
town.
Miss Addie Garner, of Southern
Pines, spent the week end with Mr.
and Mrs. Asa Yow.
L. F. Hartsell was a business visi
tor in Raleigh Saturday.
Mrs. Will Shaw on Rt. 2, was in
town Saturday.
The Young Ladies’ Auxiliary will
meet Friday with Miss Atinie Borst.
J. C. Muse made a business trip to
Greensboro Saturday,
Dr. and Mrs. A. L. O’Briant spent
Saturday in Raleigh.
Miss Louise Johnson was a dinner
guest Sunday of Mrs. J. M. Guthrie.
We are having some old fashioned
wintry weather.
I quote the folowing item sent me
by Mrs. H. P. McPherson which will
be of interest to all readers of my
letter, also a wise hint to housekeep
ers and farmers of the county:
Report of the Condition of
THE BANK OF PINEHURST
at Pinehurst, in the State of North Carolina, at the close
of business, December 31, 1926.
RESOURCES
Loans and Discounts -—$747,473.84
Demand Loans 9,000.00
Overdrafts, unsecured 4,730.40
Banking Houses, $76,000; Fur. and Fix. $7,500 83,500.00
Cash in vault and net amounts due from
Banks, Bankers and Trust Companies .... 127,908.92
Total $972,613.16
LIABILITIES
Capital Stock paid in $100,000.00
Surplus Fund - 25,000.00
Undivided Profits, less current expenses and
taxes paid 8,604.40
Dividends Unpaid 810.00
Bills Payable - 50,000.00
Deposits due Banks, Bankers and Trust Com
panies - -- 482.39
Deposits subject to check. Individual 454,395,69
Cashier's. Checks outstanding 4,634.98
Certified Checks -- 678.05
Time Certificates of Deposits, Due on or After
30 Days 25,400.00
Savings Deposits 302,607.65
Total $972,613.16
State of North Carolina—County of Moore.
Pinehurst, Dec. 31, 1926.
I, F. W. VonCanon, Cashier of the above named Bank,
do solemnly swear that the above statement is true to the
best of my knowledge and belief.
F. W. VONCANON, Cashier.
CORRECT—Attest:
E. G. FITZGERALD,
M. C. MCDONALD,
I. C. SLEDGE, Directors.
Subscribed and sworn to before me, this 12th day of
January, 1927.
B. U. RICHARDSON, Notary Public.
My commission expires April 17, 1928.
BANK OF PINEHURST
PINEHURST, N. C.
The man who has been putting his money in the
bank is not the man who is complaining that money is
scarce.
The man who puts his money in the bank is culti
vating a habit of thrift and saving, and is not pestered
with bill collectors when he can’t pay.
A dollar saved today is a dollar and interest this
time next year. You can’t eat your cake and keep it.
But you can keep your cake and eat it later on
when you need it more.
Your account is invited by the
BANK OF PINEHURST
Safety, Strength, Service.
::»wmimHm»m»iiiiini»»i»«»»»ii»t^
OUR NEW a
MAMMOTH BUCKEYE INCUBATOR I
IS NOW
Ready For Work
CUSTOM HATCHING AT FOUR DOLLARS PER TRAY
OF EIGHT DOZEN
Capacity—Eight trays per week. Write for space in ad
vance.
Eg^ will be received on Monday of each
week
This is the time to hatch out early broilers.
R. G. HUTCHESON
SANDHttL FARM UFE SCHOOL
Vass, N. C., Route 1.
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