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Gets Recognition As
(Continued from page one)
for the Community Builder award.
Mr Howe described his public serv
ice activities and also pointed out
that he was efficient in the manage
ment of his store which has recorded
an increase in volume of business
during each of the eight years under
Jus direction. Since 1932 personnel
of the store has increased from five
to 18 clerks. For the past three ytpt,
the i-?cal store has led theventire
pie's system of 133 units in percent
age of gross profits based on inven
The letter of nomination said in
part" "The manner m which Jimmy
James earned the good will of mer
chants, bankers, store clerks, cus
tomers and the av-t rage citueii. of
Fredericksburg is worthy of study
by other men whose duties take them
into new communities, particularly
the smaller towns.
Jimmy James has been in-re lor
eight years and we hope he'll stay a
long, long twne for our town needs
men like him who have the capacity
and the willingness to build up our
Mr. James was warmly congratu
lated by those at the meeting for the
signal honor he received.
Those who spoke in commendation
of his achievement and in praise of
nis personal qualifications were City
Manager L. J. Houston,* Jr., Claude
Parcel!. City Council President; C.
Archer Smith, Chamber of Com
merce president; Kuszner Bauman,
city treasurer. Ray K Hall. Cham
ber of Commerce secretary.
Officer* In I err ii pi II if:
I'nker (wunte In (.onnty
A big poker game was interrupt
_ed in the Leggett's Mill section of
Cross Roads Township last Sunday
by county officers It was learned at
the sheriff's office today that war
rants are pending against fifteen
"youths whose ages range from fif
teen to twenty years.
No serious trouble had been re
ported in connection with the game
which officers state had been under
way m thi woods there during re
cent weeks Officers withheld the
names pending a more complete in
( \KI> OF TH \NKS
The family of the late Mi Sad if
Bowm wishes-trr? xpn >> lo thvir
friends and neighbors their sincere
appreciation for -the sympathy and
kindness shown them during their
bereavement and also for the beau
tifv i Moral offerings
Mrs A C Harrison and
Mr*. C. O. Moore Injured
In Fall At Home Sunday
Mrs. C G Moore was painfully
but not seriously hurt in a fall at
her home last Sunday morning. Suf
fenng three broken ribs, she was
removed to the local hospital for
2(H) Business And
(Continued from page one)
the program The opposition, if these
reports are accepted at their face
value, will offer an opposition ap
proximating 100 per cent. In other
'counties the support will hardly
reach 50 p? r cent, it is claimed.
In pointing out the big problem
f of?getting farmers to the polls on
1 Saturday of next week. Mr. T. B.
Sladi .?id in a mass meeting in the
com t.lmust- 4asf week, that everyone
?.f the nearly 200 fanners present
would have to see and get twenty
i other farmers to participate if the
referendum carries in tins county by
| any sizable majority. ?
Judging from the little interest
--unH inrfiffj reported
among Martin farmers, this county
will hardly poll sixty or sixty-five
per cent of the eligible vote.
Farm leaders are frank in saying
that unless more interest is shown
in the referendum which is right
here at hand that u planned program
will be cast aside and chances for
government help lost.
Nearly 200 Martin County busi
ness and professional men express
ed their interest in the program this
week when they pledged it their
j support and addressed an appeal to
all eligible farmers, cordially urg
j ing them to consider the seriousness
? f the situation and act according
Born to Mr and Mrs. "Buddy"
i Hall, a son at their apartment in the
I home, of Mr. and Mrs. W. L. Manning
[?on Smith wick Street last evening.
Miss Hattie Taylor, student at A.
I C C Wilson, visited her mother.
Mrs. Mamie Taylor in Everetts last
week-end. Shi- had as her guests two
i fellow students. Miss Eleanor Blowe,
jot Vanceboro. and Miss Nell Hen
I derson. of Bonneau, S. C.
Mrs. Margaret Hollingsworth, of
Washington City, spent the week
end with Mrs. Clyde Ward
In the nine years from 1928 to
t J937~tTIi Cot top -porduction or Rtis^
Ma was trebled and that of Brazil
4 wns-multiplied by nearly Tivx.' times,
the National Cotton Council points
"lit Today these two comparative
? mi l , in riiltim priiHiirlinn nr.
count "for approximately six million
i bales a year.
Heavy Losses At
Sea Early Today
(Continued from page one)
J freedom whenever and wherever
Tension in the Balkan States has
t>een relieved to some extent. Hun
j gary is sending representatives to |
i Berlin, the capital of barbarism for
a large portion of the world today.
Japan is trying to make something
out of the arrest of sixteen Chinese
plainclothesmen by American ma
I rines. and England is facing more
! trouble in the Far East, one report
stating that an English ship had fall- j
? n into the hands of Japanese forces.
Defense plans, while advancing
rapidly in this country, are not with- i
out interruption. The Packard Mo
j tor Company yesterday turned down!
a proposed contract for the manufac
ture of 9,000 planes for this country
A new feat in aviation was accom-1
| plishcd today when a plane entered i
j the stratosphere and sailed from
California to New York 111 eleven
I houi .^ and forty-five minutes.
(Continued from page one)
] are almost up with the installation '
program, and it is expected that a
; full production schedule will be in
augurated gradually over a period
of several weeks.
Timber sales have already been
| effected and there is an ample sup
ply of labor ready for work, indicat
ing that smooth operations are to be
| expected once the plant is complet
ed in its entirety.
'While the plant can use exper
ienced men, it is believed that suf
ficient labor can be selected from
the large list of applications now on
file in the company s office. "We are
anxious to give everyone employ
ment that we possibly can, but job
assignments will necessarily be
slow," Mr. Bateman said.
(,irl Seoul* Will Meet
llere Tomorrow Afternoon
Wo-He-Lo Girl Scouts will meet
.it the high school building here to
morruw afternoon at &30 o'clock
lor an afternoon hike and supper.
All tin scouts are invited.
Master Jimmie .Ward and Miss
Ituth Ward have returned home af
ter visiting friends in Elizabeth City.
Miss F.dna Palmer, of Elizabeth
City, is visiting the Ward family
here tins week.
3-Year Quotas Will
i Tobacco allotments will not be re
duced in 1941 and the government
will protect prices of this year's
crop "at or slightly above the 1939
price level" if three-year quotas are
approved in the flue-cured referen
dum on July 20, says E Y. Floyd,
AAA executive officer of N. C.
"One the other hand," Floyd de
clared, "if three-year quotas are
rejected and the one-year quota plan
is continued through 1941, farm al
lotments for next year will be 10
per cent less than the 1940 allotments
and the government will not be able
to protect prices at the level estab-1
lished last year."
Commenting on what he termed !
"the most serious market situation
ever faced by tobacco growers," the j
AAA executive said: "Stocks of flue
cured tobacco in this country are
now 500 million pounds larger than
a year ago. There is now growing
I around 740,000 acres of flue-cured
tobacco. With average yields, this
I will result in a crop of around 650
"Domestic manufacturers proba
I bly will not want to buy over 400
million pounds this season, in view
of their large purchases last sea
son and with domestic consumption
still under 400 million pounds an-'
"At the present time there is lit
tle demand from the export trade.
If all the orders for the export trade
that will be on the market at the
opening of the buying season were
added up. they probably would
amount to between 100 and 150 mil
"This means, therefore, that the
buyers will probably not want more
than 500 to 550 million pounds from
the 1940 crop of tobacco. This would
leave between 100 to 150 million
pounds for which there will be no
buyers except at extremely low
prices. The government is prepared
to make loans to remove this sur
plus from the regular channels of
trade. These loans will be depend
ent upon approval of quotas.
WE BUY SECOND-HAND FRUIT
jars. Any size or type will be pur
chased. See or write Mrs. Zeno Bed
dard, Williamston, N. C., R.F.D. 3.
FURNISHED HOME FOR RENT ?
Located 2 1-2 miles from James
~vritc. See me at unic. 11. M. Ilolli
day, Jamesville, N. C.
HOME FOR SALE: 7 ROOMS AND
two baths. Located in good resi
dential section and home practically
neW. Will si'.il?at a bargain.?Call
"?? WIUJAMSTOH It.
L fcOT HIH
hi SMART WyW
Starts Thus., July 11th
At 9:00 A. M.
Reductions 25 to 5 0%&More
Special Values in DRESSES
Tin* first 50 customers entering the store Thursday
will find at their disposal 50 DRESSES?Values to
& 10.95. No Try-Ons?No Approvals in This Group.
Condensed Statement of Condition of
Branch Banking & Trust Co
WILLIAMSTON, NORTH CAROLINA ~~
At the Close of Business June 29, 1940
Cash and Due from Banks *. $6,869,2.18.83
Obligations of the United States?Notes 1.971,000.00
Obligations of the United States?Bonds 1,824.188.57
Fed. Intermediate Credit Bank Debentures 895,000.00
Federal Land Bank Bonds ? 1,007,6.15.16
North Carolina Bonds 18.104.22.168.16.88
Municipal and Other Marketable Bonds 1,515,676.56 16.916,276.00
l^oans and Diseounts 2.977,259.54
Accrued Interest and Accounts Receivable 89,676.84
Banking Houses, Furniture and Fixtures, and Real Estate, Less
J Depreciation Reserve (Tax Value $.115.814.00) , 2.12,574.61
Capital Stock?Common $ 400,000.00
Capital Stock?Preferred 100,000.00
^ Z 750.000.00
? ????????? ?#??#??????? I ov*v w?w
Undivided Profits 388,026.34
Dividend Payable uly 1. 1940 8,000.00
Unearned disc. & other liabilities . 55,232.87
] ] 020.215,787.00
(Estimated value of assets charged off not included above?$117,625.49)
Upon the Strength of the Above Statement and the Backing of Our Directors, We So
licit your Business, Promising Every Accommodation Consistent With Sound Banking.
Sound Banking and Trust Service for Eastern Carolina