REPORT OF THE CONDITION OF
THE BANK OF PIN8 LEVEL,
at Pine Level, N. C.t at the close of
business December 31, 1917.
Resources.
Loans and discounts $99,726.88
Overdrafts Unsecured .... 1.06
All other Stocks, Bonds
and Mortgages 1,500.00
Banking Houses, ....$1,200
Furniture and Fixt.,. 1,700 2,900.00
Due from National Banks . 2,799.58
Cash Items 13.77.
Gold Coin 90.00
Silver Coin, including all
minor coin currency .... 441.81
National bank notes and
other U. S. Notes 4,283.00
Total $111,756.10
Liabilities.
Capital stock paid in $ 5,000.00
Surplus fund 2,000.00
Undivided profits, less cur
rent expenses and taxes
paid ..................... 142.01
Dividends unpaid 51.00
Bills payable 5,000.00
Deposits subject to check . 74,080.49
Time Certificates of De
posit 25,226.50
Cashier's Checks outstand
ing .................... 6.10
Accrued Interest due De
positors 250.00
? ????????
Total $111,756.10
STATE OF NORTH CAROLINA
County of Johnston, Dec .31, 1917.
I, E. Street Jones, Cashier of the
above named Bank, do solemnly swear
that the above statement is true to
the best of my knowledge and belief.
E. STREET JONES,
Cashier.
Subscribed and sworn to before me,
this 8th day of January, 1918.
N. B. HALES,
Notary Public.
My Commission expires March 27,
1918.
Correct ? Attest:
J. R. OLIVER,
Z. TAYLOR,
D. B. OLIVER,
Directors.
REPORT OF THE CONDITION OF
THE CLAYTON BANKING CO.,
at Clayton, N. C., at the close of
business Dec. 31, 1917.
Resources.
Loans and Discounts $329,967.85
Overdrafts secured, un
secured 1,180.03
Liberty Bonds 11,100.00
Banking Houses, $2,300.00
Furniture, Fixt., 2,476.20
4,776.20
Due from National Banks 95,488.20
Cash Items 8,742.42
Gold Coin 165.00
Silver Coin, including all
minor coin currency . . . 807.05
National bank notes and
other U. S. Notes 18,212.00
Total $470,438.75
Liabilities.
Capital Stock paid in $25,000.00
Surplus fund 17,500,00
Undivided profits, less cur
rent expenses and taxes
paid 6,429.76
Dividends unpaid 1,250.00
Deposits subject to check . .334,128.79
Time Certificates of Deposit 84,388.57
Cashier's Checks outstand
ing 1,241.63
Accrued Interest due De
positors 500.00
Total $470,438.75
STATE OF NORTH CAROLINA
County of Johnston, Jan. 8, 1918.
I, John T. Talton, Cashier of the
above named Bank, do solemnly cwear
that the above statement is true to
the best of my knowledge and belief.
JNO. T. TALTON,
Cashier.
Subscribed and sworn to before me,
this 8tli day of January, 1918.
L. H. CHAMPION,
Notary Public.
My Commission expires May 9, 1919.
Correct ? Attest :
L. F. AUSTIN,
W. A. BARNES,
ERNEST L. HINTON,
C. W. HORNE,
Directors.
NOTfcE.
The undersigned having qualified as
Administrator on the estate of Butler
Eldridge, deceased, hereby notifies all
persons having claims against said
estate to present the same to me duly
verified on or before the 11th day of
January, 1919, or this notice will be
pleaded in bar of their recovery; and
all persons indebted to said estate will
make immediate payment.
This 8th day of January, 1918.
TIMOTHY ELDRIDGE.
Administrator.
NO OTHER LIKE IT.
^ NO OTHER A3 COOO
F 'in c the "NEW HOM?" ;?t?d Vnu v. 'U hftv
? t : ?' 1 r ' . '..v. The f'. i
i : ?^r expense by i'tpricr workmanship and b?
gi -.hly ? ( jawicrini whufcs life-lonjt wrv^ce rt r
fc*a:n c it. Insist on having the NEW HC.A
WARRANTED FOR ALL TIMS.
Known the world over for superior sewing qufcUtre* ,
Not sold undt-r any othe r name.
(toe NEW HOME SEWING MACHINE CG.,0RA:,GE,V.. . ]
J. M. BEATY,
Smithlirld, iS. C. \
START CAMPAIGN TO
RAISE SALARIES.
Committees of Teachers' As
sembly Will Hold Conference
With Dr. J. Y. Joyner. Pay
for Teachers Wholly Inade
quate. I)r. Joyner Issues
Statement Explaining Meth
ods of Increasing Funds.
(News and Observer.)
A conference of committees of
the North Carolina Teachers'
Assembly and Dr. J. Y. Joyner,
Superintendent of Public In
struction, will be held in Raleigh
January 18 to formulate plans
and inaugurate a State-wide
campaign for increasing school
funds and teachers' salaries ac
cording to announcement made
by Dr. Joyner yesterday when
he issued a statement to the
press declaring that teachers'
salaries are utterly inadequate
to meet the greatly increased
cost of living in these war times.
Among the methods Dr. Joyn
er points out by which the sal
aries may be increased are cited:
by special county-wide taxes for
schools; increasing number of
special tax school districts; by
increasing district funds by pri
vate subscription; by incrasing
the budget of salaries for teach
ers submitted to the county
board of education and increas
ing the special county levy by
the county commisisoners ; by
the adoption at the Novem
ber election the constitutional
amendment making it manda
tory upon the county commis
sioners to levy a special tax sup
plementary to the regular coun
ty and state tax to provide a
minimum school term of six
months instead of four.
Dr. Joyner's statement fol
lows:
"A serious situation confronts
the public schools of the State.
Tcachers' salaries are utterly in
adequate to meet the greatly in
creased cost of living in these
war times. Many teachers ?
perhaps a majority of them ?
find their present salaries in
sufficient to meet their actual
expenses of living. In many in
stances teachers are paid $40
per month for not more than five
or six months a year, and are
paying $20 per month or more
for board alone. The average
annual salary of white teachers
in North Carolina in 1916 was
$296.62. While the salaries have
been increased slightly during
the present year, the small in
crease has not been at all in pro
portion to the great increase in
their living expenses nor in pro
portion to the increase made in
other lines of work in the State
and nation. Many of the young
men, especially in the high
schools, have been drafted for
service in the army ; many of the
women teachers on account of
increased demand and increased
compensation in other lines of
work, and many on account of
their absolute inability to meet
actual living expenses on the
salaries offerd for teaching have
been forced to leave the profess
ion. The result is that there is a
great dearth of teachers in
Nr>rth Carolina. The demand for
teachers is greater than the sup
ply. May schools have not yet
been able to secure teachers.
It seems likely that many will
not be able to secure them and
will be compelled either to be
closed for lack of teachers or to
employ untrained and inefficient
teachers.
Pass Strong Resolutions.
"Realizing the seriousness of
this situation, the North Caro
lina Teachers' Assembly at its
recent meeting in Charlotte
passed strong resolutions calling
attention to the necessity for in
creased salaries of teachers. At
the same session of the assem
bly, the Department of School
Boards, attended by sixty repre
sentatives of county and city
boards of education and the
State Association of County
Superintendents, devoted much
time to the serious discussion of
this situation, and passed strong
resolutions urging the* increase
of funds and increase of salaries
for meeting the situation. Com
mittees were appointed to co
operate with the State Depart
ment of Education in waging a
campaign in devising ways and
means for increasing school
funds and increasing the salaries
of teachers with a view to reliev
ing this serious situation and
thereby preventing a serious in
terruption of the work of the
schools and serious injury to the
efficiency of the educational
work and of the teaching profes
sion in the State. A conference
with these committees, includ
ing the executive committee of
the Teachers Assembly, will be
will be called by the State Super
intendent of Public Instruction
on the 18th day of January to
formulate plans and inaugurate
a state-wide campaign for in
creasing school funds and teach
ers salaries for relieving this se
rious situation.
The following jneans for in
creasing school funds and sala
ries are available by the people
under the law:
"1. By voting special county
wide taxes for schools under
chapter 71 of the Public Laws
of 1911 and by voting special
township tax for maintenance
of township high schools under
section 4113 of the public school
law.
"2. By increasing the number
of special tax school districts
and voting therein special tax
for the maintenance of the dis
trict schools under section 4115
of the public school law and by
increasing the special tax for
schools in special tax districts
heretofore established under
said section to a maximum of 50
cents on the $100 and $1.50 on
the poll, and in special chartered
city and town schools to a max
imum of $1 on the $100, as pro
vided by the General Assembly
of 1917.
"3. By increasing the district
funds by private subscription,
public entertainments, providing
wood free, etc.
"4. By increasing the budget
of salaries for teachers, etc.,
submitted by the county board
of education for necessary ex
penses for a four-months' school
for the year 1918, under chapter
33 of the Public Laws of 1913,
as subsequently amended by the
General Assembly, and increas
ing the special county levy by
the county commissioners re
quired thereunder for the nec
essary expenses of the four
months' term.
"5. By the adoption at the No
vember election of 1918 of the
constitutional amendment mak
ing it mandatory upon the coun
ty commissioners to levy a spe
cial tax to supplement the regu
lar county and State tax for
schools sufficient to provide a
minimum school term of six
months instead of four months
in each county.
"Whatever happens, whatever
it may cost in money and sac
rifice, our schools must be main
tained at full efficiency for the
preparation of the present gen
eration to fill the gaps made by
the red hand of war in the ranks
of our young men for service at
the front if the war continues,
and for efficient service at home
in civic and industrial life when
such service will be needed
worse than ever before."
FAR FOR RENT.? I HAVE ONE
two-horse farm and a onc-horse
farm for rent on halves. I to fur
nish land and fertilizers. The
farms are near Archer Lodge in
Wilders Township on the road to
Pikeville and known as the George
Stancil farm. Good dwellings and
three good tobacco barnes. Good
tobacco and cotton land, and farm
is on R. F. D. route. Write or
come to sec me at once. G. M.
Hinton, Smithfield, R. F. D. No. 1.
IF YOU WANT TO BORROW MON
eny on your fr.rm at oply 5 per cent
interest, see A. M. Noble, nttomey
at-law, Smithfield, N. C.
January 1st, 1918, our businSfcs went absolutely into a cash system. We are now sav
ing our customers and every one that trades with us at least one dollar out of ten or 10
per cent on the goods they need to buy.
Several of our customers have expressed their satisfaction with regard to this
change to us and complimented us for being the first General store in town to do it.
Business that never has been to this town before has come to our store since we started
this plan. They can save money, they want to save money, they need to save money,
they do save money by trading at a cash store and they know it.
Our business since the first has been far better than we expected even though the
weather has been so bad. We very greatly appreciate the way our friends are starting
us off and we are going to make it profitable to those who come to Selma and spend
their money with us.
We have a very high class good line of Disc Harrows, Plows, Cultivators and va
rious other farming implements that we are going to close out during this month at less
than present factory cost. Also we are going to make a special low price on all kinds of
plow castings, hamies, collars, traces and all kinds of hardware and it will pay you well to
see us for what you need in any line before you buy.
We have about $600.00 worth of Ford size auto tires which we are going to sell while
they last at $1.00 to $1.50 less than list price. Other things in our store are reduced ac
cordingly.
Our stock of dry goods, shoes and groceries is very complete and we can furnish you
and family anything you need to eat or wear.
We have our big warehouse full of red dog, shipstuff, molasses feed, dairy feed,
cotton seed meal, beet pulp, hay, corn, feed oats and seed oats and other feedstuffs that
we are selling at the very bottom figure either wholesale or retail.
We want your business and all you have to do to save money is to come to see us for
the CASH BUYS IT CHEAPER.
This engine will run any belt driven machine, (
of weather. It is waterless. There are no frozen
water jackets, bursted cylinders or other troubles in
cidental to the common ordinary engines.
Your dealer is ready now to show you this engine and ex
plain its superiority over the ordinary or mail order variety of en
fine. You know this dealer. He is interested in your success.
Ie cannot afford to sell you anything but what is right. He can
save you trouble'and anxiety and se!l you a better engine at a
better price.
STALK CUTTERS ? WE HAVE
several Stalk Cutters bought before
the advance. See us before you buy
and we will save you money. Far- j
mors Merchantile Co., Selma, N. C. |
STRAYED FROM MY PLACE LAST
Saturday evening a large mwre
mule, dark bay color. She has been
tracked part, of the way toward
Bentonsville. Reward for informa
tion 1 ^ading to her recovery. ? Isaac
Tart, Benson, No. 2.
FRESH JERSEY MILK COWS FOR.
sale. .See E. F. Boyett, Smithfield,
N. C.
THE SMITHFIELD BUILDING &
"Loan Association has helped a num- j
ber of people to build homes. 'It will
help others, and maybe you. New
series of shares now open. See Mr. j
J. J. Broadhurst.
WE HAVE IN STOCK A GOOD LOT
of second sheets at a bargain. Give
us your order at once, as we can j
save you MONEY now. Beaty &
Lassiter.
MONEY TO LOAN ON IMPROVED
farm land at 6 per cent interest.
Five, seven and ten yenrs time.
Amount -unlimited. A. M. Noble,
^<Attorney-at-law, Smithfield, N. C.
VALUABLE LAND FOR SALE.
I have in hand for sale a tract of
land of 27 acres about twenty of which
are cleared, this land being one of the
shares of the division of the T. D.
Snead, Jr. land. It is suitable for cot
ton, corn or tobacco. This land will be
sold to the highest bidder on Saturday,
January 10th at 12 o'clock. Terms of
Sale Cash and the sale will bd made
on the piece of land.
J. MARVIN SANDERS.
Four Oaks, N. C., R. 1.
DURING THE REMAINDER OP
The ginning season wc will run two
days each week. Bring your cotton
Wednesdays or Saturdays and get
it ginned. W. B . Oliver & Son,
Pine Level, N. C.