Newspapers / The Dunn Dispatch (Dunn, … / Sept. 20, 1921, edition 1 / Page 2
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IHE DUNN MSPATCB PUEUSMXD BVBMY TUESDAY AND nUDAY. XuSsrad on MiMddm matter epsfl tat. 1S14, at tbe past aMfe a Dane, b C. seder the set * ftnk S. I STS. - L. SUSSEX FOTK. MSAer /hraemeatha. ..-. One year-..IIIIIi_—-ItiK) traveler, the Ml weevil, wboee expected vtot baa wet «led Dana District cottas growers for sovoral years, is at tbs dear. Just to too southeast of us ba Is said to bo sneaking havoc among Sampaon farmers. Next year ba will be with to, tapping ton life from cotton with which our farmer friends bops to pay their debts There is an doubt about hie coming. toeabbUy, steadily he baa cams up from tbs Gulf regions year aftar year satB mw ba is at the threshold of Dean District. Nothing era can do will stop him--if era art ta grow any cottaa at an. Be ertll ba here on time. Look bock osar too past years of cotton culture. How muck money have yea over made from a single crept . Haw meek would you have lost area in the fattest years bad your crop been cut la half by tbe ravages of the boll weevil T Tbe so He of this district are adapt able to meet any Idad of a profitable crap. There should ba started at sacs a movement to train our farmers a way from too culture of eottee as principal money crop. There will be little except lorn for the Doan Dis trict farmer who depends entirely . apeh the fleecy stag from now ont Again—A Million Dollar* About eighteen months ago bank* of tkc Daaa District talked in han dled* of thousand* of dollars. On* tartitatioa aioa* had over a million oa dtpmtt. That, though, was In tha halcyon days of artificial prosperity. About that time deposit* began to ok*. Until forty days ago the tide was stil ebbing. With the first bate af cotton sold oa the Doan market, however, the tide changed. At first thoro was last a slight iacres**. Dur ing the teft fifteen days, however, there has boon n steady stream of mo ney hooding into the honks. Today them is apprsadmntaly *1, 100,000 In tha fonr banks #f ths Dnas District, which iaclu-isa the Bank of fiwrntt at Duke. This is rsmpstnd to tenet $000,000 testy ag*. and ahont *700,000 thirty «v Wrty days ago the State* Seaklft Vrast Osmpaay had *40,000 oa do M**t la oH dspartmoat*. Today It had *00,000. Ths Can n .Trial Bank hod I100O00 a month ago. Today H has 01*0,000. The Pint National had ***0,000 a ssonth ago. Today It has IdW^OO. Figures for the Bask of Harnett a month ago ore not avaO abls, hat today its deposit* approxi mated *400,000. Afl of this goes to show that ws *r* gstUag along toward Mr. Hard teg's normalcy. A community that has -■old loss than 4.000 botes *f a *0. 000-bote cotton crop and yet has over $1,000,000 depeitted to Its credit should ha optimistic indeed. It stems that wo or* in for a prosperous fall. Why Not Soil Tbo For* That was a fins report Z. V. Snipe* and his follow grand jurymen handed t* Judge Crunner consenting the va rteas county agencies inspected by tho body. Complin fits art handed all except ths old courthouse, which, a* usual, wa* la a far from spick and spaa condition. On* thing that impressed a* favor ably wa* th* report that than wars no Inmate* la ths county bom* for That is a thing of which Kasaott ho* ovary imm to bo prond. hasa jsd com* through on* of ths mart arduous years of oar hls » **rT- W poverty wore *v*r to set its hUghtlag feet open oar ssO It is ser iate that this weuM have beta ths year. b tkl# koaofal poor of IK1. if Won an no kotploaa poor to kaaao on.tko roaatp'e good farm, why hoop tka km. Tka grand Jwy ia aotkority for tko atataaMot tkat ft (a a good trnmi tkat it ia prodaetiro and ia a Mgk Hate of eafttretioa. Wo do pot kaow kow auf ooroa tka re are k H, oar kow aaock ft ia wortk. Bat ft b apparent to ae tkat tko oovntp raald aa# tka aaaaop ft woald krtng to ma* kottor advantage* than It ia »•* taring tko farm. Of aooraa, wa admit igaoraneo of wfcot reronoo tka ooaatp gala from tko farm H map ko tkat aalo weald »•* ka tko kottor (Mag to do. Wo world like oar aoaatp rnaailailnaiu to look Mo tko flutter aad aoo what dtoold ko doaoL mCMfOATIVI MAPKBTWtC Onmakor. oOumZI aSSasrSSSjS fSSmpZr a partedofBrtTpoaraoad . frpdptoWo aaraatatioa flro eoatafor ordrp aoaad of tokoaao kt map db sw&tfrsrSLz pod kp at boat M par aoat of Wo - A&tK M Mo Wo oeeraTotrfu^to"wnTiki aaaka of orgaataadten; Wat M #f "aal-1 -• ling” tb« cooperative Idas to tbs to bacco glowers of tb* three states. If any part *f the W to left over after tha work of prelum in cry organisation b" keen completed, U go** back to the farmer. Far th* organiaatioa at a permai. aat machinery of operation, the throe *a*ea are to be divided,iky motion? according to volume of tobatco pro duced. into 22 districts, the faime.t of each district to oloet a director, tho govaraor of each etate to appoint one, and the affairs of the a*«rela tion arc cvaducted thence forward by thee* *5 directors. When a member cf the uaoclatlon cared hi* tobacco ho tarn* It t»i to tba association, shipping or haul Ing it to th* point that la aoal con venient—doa'gnated by th* agents »f the aarociatlon, who will have fa cilities for handling It located acco:<l leg to their Judgment—end the to bacco will he graded by Itaf expert; aad a sertifleat,- of weight and grad* delivered to th* grower The association will redry aad pack tit* duff, campling It and recording the ownership The grower may take his certificate to a bank and receive 50 per cent of th* value, at that t'me, of his product in cash The agreeir.c t of the federal reserve board bv al ready been obtained to furnish the money, so that there should be nu difficulty ia the farmer sccurii t a lean amounting to half the value of his crop, at tha time of maturity. The experts employed by the -si; ■elation, studying the market constant ly, will dispose of th* entire crop by tempi* to the manufacturers through >ut th* entire year, marketing, it no di/ or slowly according to thalr lodgment of conditions. Tho shocI* tton ha* In ita power to http, the inUrc crop of it* signers, not less in any event than half the total crop of the three state*—and th* efTorl ■snll be made to have greatly more -hen SO per coat signed—off tht mar '<*t for th* entile period of flee years. When a man'* tobacco la actuvly de posed of, th* ramaindor of th- price will be paid over to him, tba luxocia tlen taking up th* certificate and re paying the money harrowed from the Without going into details of tho inaneial plana of At oragniaa:ion— ♦ala of common and pr*ftrr*d stock to farmer* and others—Ac cu-t of Ala process of marketing will bo said as the nominal coat of max’ -.v ig ire pelf) now: fixed psreentago of sale price: Ae fixed percentage ai srenent going to the warehouse where ho auction i* conducted. There ate variohs incidental costa that mart (under either system) be paid by oiA >r Ae growers, the dealer*, Ae ur > .•acturers, or tho consamert; or part ly by all of Aem. These costs covs. -ueh items as redrying, storage, (mights. Insurance, taxes, adminis tration. One of Ae Aoories on which -be soundness of Ae plan Is predicat ed U that by employing agents who underload the business Ac associa tion caui A practical effect Impose i larger share ol these costs on the manufacturer, who-will A turn pas* ‘horn on to Ae consumer. Assurances Have boon obtained from some of. '.be -lost eminent lawyers of the Are# Ate* that ths contract will bold A '■he courts, that A* fire cists penalty 'or salon made withoulA* association can ho collected. " "•fttttScsA? thoas^nk^luito^foiind Aair Interest grow wlA Aelr study of Ik It ****** to Aem Aat the logi cal result must be net only to lessen somewhat Ac hardships that are com monly Ae lot of the toiler in A* tobacco field, to pay him a living wag* for his work one year after another, but to make tobacco tultofe a gain ful occupation, enriching Ae tobacco section with wealA left in the hand* if the producer* Three projectors ar« continually fascinated by As story of California, land of small am area under mortgage, once a heavily movt T*g*d stats; of groat revenue from trgat farm wealta, building its per manent roads by the hundreds ef miles, giving its people Ae boot of svorytblng educational and oAorwlsa helpful, whore A* raisA growers once got eight cent* of A* dollar As consumer paid for their fruit, were forced by stork necessity to organise and ro-operato and are now getting 40 cents out of A* dollar. The argu ment* are familiar to Ae most casual reader: under A* dumping system there I* no bargaining, no expert knowledge used on behalf of Ac sel ler. til on behalf of the buyer; sell ing at auction. A* final resort for dis posing of goods that cannot other wise be marketed, pro verb tally the cheapest sort of maricet; Ac elimin ation of the speculator—in short. A* control of the market of Us product by Aa man whose labor produced the goods. i m nccu* oi too en operat or in marketing ef fmit grower* of the far west ia the on* big fact ef actual experience that U relied opon. The only way for anybody to tad out whether co-operative marketing of tobacco la a correct Idee, profitable for the farmer In a small way or a largo way, ia for the farmer* to try It. Then are many point* at which analogy fails between the growing of frulta in California, a finished prod* act that may.ho advertised to tbe consumer direct *a tbe basis of sa vored quality, sod the 'growing of toberre in North Carol inn, a raw ma larial that will aU he absorbed by s bout five grout msnaferturlng eon corns Bom* of those difisroncss^sr* apparently To favor of the tobacco grower, one being that, properly handled, tobacco Is not a perishable product. One might argue all day about these differences; In them lice the lecrvt of soccuas er failure of the schema. The plan far ce-operative utikit ng of cotton goes hand la band with that far control of the price ef tobor ce by tbe growers, and in section* ef Merth Carolina whore both crop* ate grown equal emphasis is placed eo tbe two and the idea It "soW" ta grower* ef both crop* by the tame machinery The appool le based on the same fun damentals. although It is plain that In practical operation Users win ha dlf ferarceo that may bw Important. The fruitage of fee Idee as Us pro ponent* sup it will ho tbs some to gsuwon ef bath crops; prosperity will bat muted and staMMwd; with raee 0'iabie luck the planter who has tsl cat at money-mSktasg will hsumsi •-eh, arid with raasooable Inch every induttrlou* plantar and bit family srift lira la may etraawetanco*. Tbe ten dency fo overproduction fallowing a pood tour wflTbo ttmhutad by baeo ng afl am mb era regularly Informed i and if re toeeeotfal method It found to praveet aa eoc sale sal msipraffge Men, the farmsrr will rartainty he se jgpgi eff than fee la mm. UJOK WHAT A KENTUCKY MAN HAS TO SAT ABOUT CHOWS I Wh !o Raleigh ItK weak I was i Ulkkf w h • gentleman by tho Maw of Mr. BdJar and ha tell* aw that' he »i, sn .j itaek farm for meat two yaana a. d dwy war* simply wild ever Cow Cb>-. and Pi* Chow. They re •w»v« d it m car lots. Just think of this t'cn-.r >/ b: n* a place where a good ms -y 11 th- ao-ciUed leading brands : 'i air manufactured, out still; .lit./ on/ r oa Ralslon-Purina Com et*. '.iij • Breaux I: is far saptr i -r Uu vnbolr world ends to say other Ut;it t of the Condition of 1 HE' C* MMERCtAL BANK. At Lam. ..i the State ef North i.jl .ia, at the cloee of business, ..'xr 6th, 1981. RESOURCES loans end Discounts_#103,550.06 Overdrafts .. _ 1.05 Cnltad Staten Bonds and Liberty Bonds- 4,360.00 Furniture and Fixture*. . 5,155.76 Cavh In vault and net a mouuta due from Banks, Bankers, end Trait Companies_ 35,1)8.19 Caacki for clearing- 934.03 Revenue Stamps ....... 6.16 rotu-a-f lol ,112.23 LIABILITIES Capital Stock paid in_$ 80,000.00 Undivided Profit*. lain current expense* sad taxes pakl- 4 50.80 Bill* Payable. 18.000.00 Deposit* 1 object to check 73,984.80' rime Certificate* of De posit, Dae tn Leas Than SO Da>*. 2,296.83 'ashler’* Checks out standing .. __ 3.283.96 line Certifies to* of De posit, Dae on or After SO Diem_ 8,108.28 . string* Depodt*_ 30,334.38 . berty Bonds on D yu t.. 780.00 rots) . 8181,118.28 3. te of North Carolina—-County of Harnett Septembnr l#th, 1931. ». i. D. bavta. Cashier of the abova i trad Bank, do solemnly swear that \: above itatemenl te true to the be.t of my know led f.-e and belief. J. D. DAVIS, Cashier. i btrrrbed and swore to before n« this 19tb day of September 1931. 'if B BALDWIN, Notary Public. Ur commission expire* February 13, 1933. ...et—Attest: • B. P. DAVIS, F. W. McKAY, K L. WARREN, Director*. iHd Uat cat be ottainsd S' to in Ckccasrboard bags only by L. P. Buries. 80 F tf. CARD or THANKS I wish ta thank my nimiraiu friends for thetr many atti of kind »(1| daring Um iUnom and death af my beloved wife. Your good deed.' are deeply appreciated by me. - W. W. WEEKS. Report of the Condition of THE BANK Of HARNETT At Duka and Coats, in the State of North Carolina, at the close of business. September, 0th, 1981. RESOURCES Leons end Diaeoonta-*3 63,039 81 Overdrafts, unsecured 227.86 United States Beads and Liberty Bonds- 70.260.00 Furniture and Fixture*.. 2,444.86 Cask in vault and net e amuunts do* from Banks, Bankers, and Trust Com penis#_ 66,088.68 U. 8. Revenue Stamps.. 16.40 . -, roiai _ ...-f«Bl,B0U.4O LIABILITIES Capital Stock paid in_.< >5,600.00 Surplus Fund_ 20,000.00 Undivided Profits, In* entrant expenses and tax** paid __ 8,649.11 Bills PayMbl* .. ..._ 40,000.00 Deposits Do* Banks, Banker*, and Trust Compania*_...__ S,975.27 Deposit* * a bj a c 4 to chock .. 125.991.41 Time Certificate* of De posit, Du* in Lass Than 20 Days_:. 18.18S.01 Cashier's Checks out standing .. .. 8,305.82 Tim* Certificate* of De posit, Du* on cr After 30 Days.. —. 16,177.02 Savings Deposits__ 180,641.47 Bond Deposits ........ 45,600.00 Reserved for tax**_ 847.84 Total.8481.898.46 State of North Carolina—County of Harnett; September 18, 1921. I, S. J. Clark, Jr., Os shier of the above named Bask, do solemnly swear that ths above statement it true te the best of my knowledge and belief. a J. CLARK, Jr., Cashier. Subeortmd and sworn to before me, this IS day of September 1921. C. H. MILLER. Notary Public. My commission expires Jane 5, 1922. Correct—Attest: . .C. a HICKS, Wot P. HOLT, W. A. KBWIN, Jr.. Director* Farm for Sale :a__j.• 22 1-2 acres. 15 to 18 under cultivation, new 5 room house completed. Located 8 mile^from Dunn - ao Sand JOJay road, price 56.600. g •> | balance in 9 yenm. For further lnformatfoflrappty to. . •_ - , ^ P. K. HONEYCUTT REAL ESTATE-and-1- INSURANCE DUNN, NORTH CAROLINA ; REPORT OF THE CONDITION OF THE FIRST NATIONAL BANK At Dunn In tM State of North Carolina, at tke clone at business on Sep tember 6th, 1621. RESOURCES ’«*»' anil direoonte, including rediscounts.._1879,126.76 Meier and bills rediscount'd with Federal Reserve Dink (User than bank acceptances , .—-..6291.60S.71 Notei and biUi rediscounted other then with Fed eral Reserve Bank (othtr than bank accept- * anew *pld .... 2,000.00 294,fct-71 6394.627.06 Overdraft*, unsecured _..._... 276.86 *.l. S. Cnsrsausl securities eureedi Depo-'icd to tocure circulation fU. S. Bonds par value).... 49,000.09 All other United State* Government Securities .. 167,400 04 T*U1 -- -. ..--. 207,400.00 Other heeds, stechs, securities, eta_•_ . >,190.00 Banking Heuse, 141,225.01; Furniture and fix turn. 611,911.66 .. ___. 63,166.86 , Lawful reserve with Fci'arnl Reserve Bank __ 24,242.66 Items with Federal Reserve Bank in process of collection (no* available aa reserve_ 1,665.44 Ca-h in vault and amor .-?t due from national bank* >4,467.67 Amount due from Sente banka, bankers, and trust companies in the Uai.'ed States..... 15,009.*4 Check* on ctbsr banka in the mine city or town as ropo.tlng bank ..... 6,767.44 Total of Item* -. s.. 69,911.29 Checks on banks locstrd ert-’dj at city or town of rOnrllrg bank «i>d ' ~ar cash items__ 1,119.40 Redemption fund with U. B. Treasurer and due from U. 8. Treasurer____2,000.00 T°W'.-.IIIMUH LIABILITIES rapiul paid In ....................... $ 50.000.00 -- ...1.7. .,t.i?. *»[?oiti 8SSX,8,WMrtSft;- m - «“ r »<!(»♦) ... . ..... 6,472 64 Certified checke oatdtandlng .. ldl.fifi Oeahier’i check* ca earn hank. eutetandiog_ 2.82S41 Total of Item* ..,... *,447 76 O'"**4 d (atbar than bank dopnilo tab-) iaat la Raaaraa (dapoatta payable within M dayi) i IndwWnp iWyitt irhjeet la check.1 20241* 0* T.rln* ml ifaaiand deport ti( other than bank dapoatta) nubjart to Reeei-va..*0*41 * 0* Tiara dopaatir rabhal la Reaaree (payable after SO day*, or aebjoct to 10 day* or near* aethi, end portal faring/: ' Pert Hit ate* of depeaft (other than far money borrowed) .. .. *7,lS7.t7 Other time Jcporite..y. . «»47S.4S .. Total cl time depaeiU (abject to Revere* ..ld%JI0 70 V. a. Covamatant Seraritiee borrawed. *,700.00 U’D' piy.ibia. olSec the* with Federal Raearva R*e> (iteluding *11 obligation* rapreaentlag nj .ac/ borrowed ether than rad (ament*.. 00,000.00 ■ill* payable with Federal Rarer*# Rank__ 141,040.00 ITIMiMt / HINDERCORN8 Remove* oorne sad osUojm* S'.o[»sll pain. Eat urea eotr.furt to tbs (eat. Make* walking easy. 1 • caet* el rvtasfcae er kr m*3 tnecux cnrmcxt. ycobks fMebejtM. 1.. Y. Having qualified ai administratrix of ths estate of ». W. Barefoot, de •oaasd. I will offer for ealo at Uia resi dence of the late M. W. Barefoot, fol lowing described personal property lo-wlt: All hoasehold and kitcnan fur niture, one mule stoat twelve years old, plows, cultivators, hoes, etc., one horse wagon one log cart and oae two i ■^—i———r- _ i bone wacon alio uni lot of corn and fodder. . Place of lale October 18th. 1981. 10 o'clock a. m. Term* of eale—«aih. ZKI.PH1A D. BAREFOOT, AJminwtratrix of M. W. Barefoot, din. caned. Sept. 18 20 27 Oct 4 pd. We are Ready to Serve You. Come to See Us _ % I Our House is full today from bottom to top with the best in Dry Goods, Clothing, Coat Suits, Dresses, Shoes and Millinery, In our line will be found the leading things worn and used in our homes. We bought largely before the big advance which is , ! now on. Our policy is to sell always, cheaper. Delay means losses to the consumer. Do you or do ! you not want the best to wear from head to foot cheaper? The YELLOW FRONT STORE is ' Ready to Serve You 0 ?! * . • R. G. Taylor Company V*_>• • ■ • ^>•»««... — . .. ■ - — -— ■ — • * I i New Goods and Shoes * ' / We bought our fall good* just before tbo sensational advance In the price of cotton and we are showing new merchandise at lowest prices on the average for the same class of goods. We are Now Showing New Styles in Shoes We try to handle nothing but aolid-leather ahoes and our cuatomara ahow their appreciation of honest vahiea by coming back year aftes year. We have the exclusive agency in Dunn for the following well known shoes: The famous RED GOOSE shoes for women and children. The Edwin Clapp, John C. Roberts and Atlantic dress —-—shoes for Man The “HONESTY” Shoes for work. Friedman-Shelby'e “PACIFIC” and FINE SHOES for -women . 0 There is s standing offer to the wearer of f 5.00. and a new pair of shoes if you And paper in the heels, insoles, out soles, or counters of our “ALL LEATHER LINE.” • “Unless you know mors about, shoes than anybody we have ever seen yon cannot tell the quality or service in a shoe by merely looking a at it. Since you cannot tell the true value of a shoe without wearing buy a shoe that has the reCtstion of wearing well. They cost no more at. Arst and they are much cheaper in the long run. BE SAFE AND BUY ALL LEATHER SHOES FROM f # 0 Geo. E. Prince & Son DUNN, NORTH CAROLINA, 10S E. BROAD STREET
The Dunn Dispatch (Dunn, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Sept. 20, 1921, edition 1
2
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