PAGE FOUR
TERMS OF CROP
LOANS ALTERED
IN COTTON AREA
Cotton Will Be Accepted
as Collaterial on Basis j
9 1-2 Cents a Pound
At the request of a large number
of Senators and Congressmen, cooper
ative associations, and individuals in
the cotton growing states, the Secre
tary of Agriculture has agreed to
liberalize the t«"rms of the crop pro-|
duct ion loans in these states for the
relief, of the distressed cotton farm
ers. The plan will ease the burden
of repayment of such loans and should
resuh in improving the cotton mar
ket.
The purpose of this plan is to cn^ (
courage the storage of cotton, re
lieve the pressure on the market, and
assist the farmers to care for their
families during the coming winter.
This action ts also taken in further
ance of the efforts of the administra- (
tion to aid the farmers of the coun-1
try.
Cotton will be accepted as collat- |
eral for crop production Ipans of 1932 1
and Unpaid balances otv loans made [
prior to 1932 on the basis of 9 1-21
cents per piuuid middling, 7-8 inch.
Borrowers who wish to take advan- j
tage of the collaterial ,p(an will be re
quired to deliver their cotton to the
Cottan Cooperative Associations or
to federal bonded warehouses. \\ hen
delivered tif the latter, cotton must
be insured-., and warehouse receipts i
will be required to be delivered to
authorized field agents of the Secre-[
tary or to "the regional collection of-j
fice on sufficient cotton to collater
alize the loan at the price above men- ,
tioned rather than on the quantity re-; |
quired at current market prices.
Differentials will be prepared to
provide premiums for staple longer ;
than 7-8 inch and grades better than, I
middling and likewise discounts for, I
short staple and lower grades. v Alf*
cotton deposited as collaterial must
be graded by federal licensed class
ers, . k „• _  • |
When cotton is stored as collateral
an agreement must be signed by the
borrower w hereby he reserves the
right of selling such cotton at any
time prior to March 1, 1933 and au-'
thorizes the Secretary to sefl same in'
his discretion at any time subsequent
to that date.
Warehouse receipts will be requir
ed on sufficient cotton to cover the
amount, of the loan together with
storage and insurance charges and
any advance which may be made for
picking and ginning expenses. When'
the .cotton is finally sold the
er will be credited with the proceeds
Condensed Statement of Condition of
,- . *
Branch Banking and Trust Co.
"THE SAFE EXECUTOR"
AT THE CLOSE OF BUSINESS SEPTEMBER 30, 1932 '
- ■* . *
WiUon, N. C.
War»«w, N. C. RESOURCES LIABILITIES
Willi&mtton, N. C. . . . _ o . \ , . _
Loans and discounts ... $2,660,001.12 Capital Stock $ 400,000.00
Fayetteville, N. C. Banking houses, furniture and fixtures 169,057.43 Surplus 200 000 00
pi vm ...iL \i c Other stocks and bonds 155,972.94
'' ' United State* Bonds $2,075,668.16 * Undivided Pro6U 71.795.50
Goldsboro, N. C. North Carolina Bonds 235,768.02 Dividend Payable October 1, 1932 8,000.00
Selma, N. C. Mw-ke^able^ Municipal 253,430.00 Reserve for purchase of Elm City Branch 2,000.00
Kinston, N. C. Cash and due from banks 1,744,593.94 4,309,460.12 Deposits 6.612.696.11
New Bern, N. C.
$7,294,491.61 97,294.491.61
Elm City, N. C.
-■ *• ■ • v —"" ■ • * ' .•> i r ' v ■;• ■ . • - "T _• yM.
Sound Banking And Trust Se
Branch Banking and Trust Co.
Local Firm Named Agents
For Jewelry Repair Store
Clark's Drug Store was appointed
this week to act as agent for R. Lee
'Stewart, jeweler, of Washington. Mr.
1 Clark, the owner of the firm, said they
I would receive and deliver watches and
other jewelry for repair.
>ll repairs will be made by a gradu
ate watchmaker, according to their
announcement.
Free Booklet On Cotton j
Marketing Is Available
' Raleigh.—Discussing cotton coop-^
erative marketing from its early days
in this state down to the present, a
booklet, "Ten Years of Cooperative]
Marketing," has been issued by the
I North Carolina Cottton Growers Co
>' operative Association. Copies will be
' mailed free upon request.
\® " r
Mrs. Walter Mtzelle was called
home yesterday from Newport News,
Va., on account of the death of Mrs.
Henry Mizelle in Windsor.
S. R. Biggs and Julian Roebuck
j made a professional trip to States- t
[ville last night, returning here at
noon today.
j Mrs. S. K. Sprinklfc left this morn
ing for Winston-Salem where she was'
called on account of the sudden ill
-1 ness of her mother. - C
—« 1
Airs. F. G. Stackpole, of Warren,
Ohio, is the owner of a pet hen that
taps on the window with her beak
whenever she is hungry, lays an egg
at the kitchen door, and enjoys run
ning with a neighbor's dog several
times a day.
of the sale. In the event that the
proceeds are not sufficient to pay the
full amount of the loan the balance
will remain as an obligation of the
borrower. If the proceeds of sales
are more than sufficient to pay the
loan and the interest, the balance will
be refunded.
The above plan will permit farmers
to fully collatralize their loans from[
the Secretary and at the same timej
permit them to dispose of the bal
ance of their crops for cash.
WANTS
CARLOAD OF FINE TENNESSEE
Jersey milch cows for sale at Har-J
rison Bros. Stables. Williamston, .N.
C . o4 4tp
FOR SALE: MODERN RESI
' dence located on West Main Street,!
| Williamston. Will sell for less than
actual cost and on easy terms. See
KVBRT
TpIaDAV «Mt > WIDAY
E. S. McCabe, Williamston, N. C.
014 -4t
WOOD CUTTING: I AM NOW
prepared to cut your wood at a rea
sonable price. Joseph Godard, 111.
o7 2t
FOR SALE: 50 PAIRS~MEN'S
second-hand slippers, cheap. Wil
lard's Shoe Shop. 014 2t
FOR SALE: 20 GAUGE WlN
chester pump gun in good condition.'
Will sell cheap. See Ira Harrison, at
Harrison Wholesale Company, Wil
liamston, N. C. oil 2tp.
LOST: 130 IN HARD-EARNED
cash, a S2O and a $lO bill, between
the fire station and the end of West
Main Street last Saturday during the
Bill Finch fire. Liberal reward of
fered for its return to The Enterprise
office. It
NOTICE
Under and by virtue of the author
ity in me vested by that certain deed
of trust executed to me by Richmond
Flemming and wife on the 18th day of
February, 1928, which deed of trust is
recorded in the Martin records in book
Y-2, page 411, I will offer for sale
)o the highest bidder, on Monday, the
24th day in October, 1932, at 12 o'-
clock m„ at the courthouse door in
Williamston, the following described
land, to wit:
Being in Hamilton Township, Mar
tin County in the Town of Hassell, in
"Black C," being a part of lots Nos.
5 and 6. beginning at Isaac Sherrod's
corner on Fourth Street, thence run
ning back with his line 160 feet to
line of lot No. 7 in plot of town of
Hassell, thence with the said line of
lot No. 7 to Will Spruill's corner,
thence with Spruill's line UK) feet to
Fourth Street, to the beginning, and
being the same lots or parcels of land
deeded to Richmond Flemming by G.
F. Roberson.
This 23rd day of September, 1932.
J. H. AYERS,
527 4tw ' Trustee.
NOTICE OF FORECLOSURE
SALE OF LAND
State of North Carolina, County of
Martin.
The Federal Land Bank of Columbia,
Plaintiff, vs. Sam Wimbush and
Wife, Mollie Wimbush, H. H.
Cowen, and Wheeler Martin, Trus
tee, Defendants
Pursuant to a judgment entered in
above entitled civil action on the 3rd
day of October, 1932, in the Superior
Court of said County by the Clerk, I
will, on the 7th day of November,
1932, at 12 o'clock m., at the county
courthouse door in said county sell at
DR. V. H. MEWBORN
OPTOMETRIST
Ey*t Ext mined Glasses Pitted
Robersonville at Fulmar's Drug Stora,'
Tuesday after First and Third Sun
days Each Month.
Williainaton at Davis Pharmacy, on
Wednesday After Firat and Third
Sundays Each Month. ;
Plymouth at O'Henry Drug Store,
Thursday After First and Third Sun
days Each Month.
At Tarboro, N. C., Every Friday and
Saturday '
THE ENTERPRISE
public auction to the highest bidder,
therefor the rcl'ow'ng described linds,
situated in said county and state in,
Williamston Township, comprising'
181 acres, more or less, and bounded
and described as follows: |
A tract of land in Wliliamston
Township, Mnrtin Count-, North
Carolina, ; jjoining t.ie lands of Major
ai d J hn Tyner on :he north;-
the lands rf T. S. Hadley and a tract
of land kr tft\ as :h«* Gu«i Mizell land
on the ea? ; the I aids of Tom Mills on
TOBACCO SELLING GOOD
AT THE
Farmers Warehouse
WILLIAMSTON, N. C.
Our customers are well pleased with their sales, for they are assured they are getting the highest
prices offered on any market or warehouse floor in Eastern Carolina.
We list a few sales made on our floors:
T. E. Mizell and Evans . . „ ~ Barnhill and J. Williams
Pounds Price Amount J ° h » Gu ' kln p . Amount
W 26.00 • 22.32 * ££
% % Pound. Price Amount ZZZZ iiS ZZZZ * Ibo
144 »!oo 54.72 ....... 22.00 134.7#
«.00 68.80 go 24.00 1940 ,£ ££ 74.48
'S S:S/ 32 90 28.00 ; «.« SS »»
120 60.00 72.00 46 32.00 1 14.72
~~ _ _ . .. 104 30.00 ... . 31.20 - 512 Pounds for $174.02
918 Pounds for $386.44 162 3SOO $6.70
Barnhill and C. Beach ' « »» 22,0 Jtf. D. Hoggard and Jones
Pounds Price Amount "*9O ...... SM6 Pounds Price Amount
166 25.00 ...... f 41.50 142 39.00 _ 55.38 82 21.00 9 17.22
60 27.00 16.20 «/, 37 m m 96 32.00 30.72
130 31.00 40.30 3700 33 30 120 35.00 42.00
84 35.00 29.40 70 .:. 42.00 29.40 #2 ~. 39.00 12.48
132 JL. 39.00 ... 51.48 22 60 00 13 20 lo * 4500 46J0
70 45.00 31.50 13 0 132 53.00 89.96
94 50.00 47.00 94 60.00 56.40
736 Pounds tor (2S7.SS I,32P °" nds ,o U 0
FIRST SALE WEDNESDAY SECOND SALE FRIDAY
GOOD TOBACCO IS SELLING HIGHER WITH
BARNHILL and INGRAM
AT THE FARMERS WAREHOUSE WILLIAMSTON, N. C.
WILLIAMSTON
NOWTH CAWOC.WA
I the south; the GreenviHe and Wmsb- |
road on the west; containing
, 18 acres, more or less, and more com
monly known as the Sam Mobleyi
. home place, and being the lands con-,
veyed to Samuel Wimbush by H. H.;
. Cowen and wife, Jeannette Cowen,
by deed dated December 21st, 1914,'
and of record in the public registry of I
Martin County in Book G-l, at page'
404. Being more particularly describ-.
Ed by metes, courses, and distances'
as will appear by a plat on file with ;
! the Federal Land Bank of Colombia,'
S. C., made by J. R. Mobley, surveyor,
I March 21, 1919."
The terms of sale are as follows:'
• «« h - i
All bids will be received subject, to
! rejection or confirmation by the Clerk
1 of said Superior Court and no bid
J will be accepted or reported unless
; its maker shall deposit with said clerk
, at the close of the bidding the sum of
' two hundred fifty dollars ($250.00), as
a forfeit and Kuaranty of compliance
Tuesday, October U, 1932
, 1 with Ms Mil, the same to be credited
on hi* bid when accepted.
I Notice if now given that said lands
I will be resold at the same place and
j upon the same terms at 2 o'clock p. m.
of the same day unless said deposit
is sooner made.
Every deposit not forfeited or ac
cepted will be promptly returned to
the maker.
This the 3rd day of October, 1932.
B. A. CRITCHER,
o4 4tw Commissioner.