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The Elkin tribune. (Elkin, N.C.) 191?-1969, May 26, 1933, Image 1

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THE TRIBUNE HOLDS THE TROPHY CUP AS THE BEST NEWSPAPER IN NORTH CAROLINA OUTSIDE THE DAILY FIELD {EXTRA! VOL. No. xxn, No. 29 HB MB MB MM' _____ ■ mßm aHBB ■■ §■ wMMb - Festive Spirit Shown As Stock Is Subscribed To Open Bank of Elkin J. H. FULGHUM PLAYS LEADING PART WITH JOKES_AND MUSIC Keeps Everyone In Good Humor As Goal Is Reached TRIBUTE IS *P AID t If the citizens of Elkin expected to attend a meeting fraught with tears and frowns when they gath ered at Hotel Elkin last night to do or die In effort to save the 1Y»- cal bank, they were mistaken. For thanks to the efforts of Rev. J. H. Fulghuin, who has taken a > leading part from the first in ef forts to open'the institution, the necessary #5,000 and more stock was subscribed amid jokes, har monica solos and tales that rival ed a minstrel. Acting upon the theory that to accomplish anything, everyone must be kept in a good humor, Mr. Fulghuin entertained from the start. He told one Negro joke that netted $1,750 in stock subscriptions. He played the har monica in a way that brought re peated cheers from the numerous citizens present. He poked fun, he made speeches and he made the task of raising the full quota of stock lots easier and more pleas ant. There was a spirit of coopera tion from the start. Those that had bought stock prior to last night's meeting, bought more. Everyone appeared willing to do his part, insofar as it was possible and whe nat last it was announc ed that the stock had been raised and only a few details remained to be cleared away before the bank opens for business, the ho tel banquet hall fairly shook with cheers. One of the final acta of those present was to give Mr. Fulghuin, J. R. Poindexter, C. S. Foster and others who have played a leading part in the efforts to open the bank, a rising cheer. BAPTISTS CRITICIZE ROOSEVELT The Southern Baptist convention at Washington Monday night voted down a motion to strike from its? program a resolution deploring thei attftude of President Roosevelt on prohibition and "especially that he allowed the White House to be used to advertise the bepr business." In stead It adopted the social service commission report containing the paragraph of disapproval. France has 800 manufacturers of agricultural implements, about twice as many as before the war. Bee Specialist To Be In County On May 31st ♦ C. L. Sams, extension bee specialist, will be in' Surry coun ty May 31, according to an an nouncement made. by /. W. Crawford, county farm agent, Wednesday. Anyone in the coun ty having bees, who would be In terested in having Mr* Hams vis! them, is requested to get in touch with Mr. Crawford imme diately. THE ELKIN TRIBUNE I ATE NEWC from the State and Nation Sign Truce Tokio, May 23.—An agreement for a Sino-Japanese truce which leaves Peiping free from Japa nese occupation was signed at Pieping today, according to news dispatches to the capital. Before receipt of these reports, official Japanese quarters fore cast (he early conclusion of a North China armistice. Gales Cause Deaths Kansas City, May 23.—Nine teen persons were killed by tor nadoes and heavy grfles which yesterday caused damage to buildings and crops estimated at several millions of dollars in widely scattered localities in Ne braska, Kansas, North Dakota, South Dakota, Montana, Minneso ta and Colorado. Pass Bank Bill Washington, May 28.—A thun derous chorus of "ayes" toda> put through the house the em compassing Glass-Hteagall banl reform bill designed to safeguard the dei»osits of money earners and give assurance that federal re serve member banking will be strictly separated from specula tive operations. College Head Dying Gastonia, May 23.—Dr. W. J. McGlothlin, president of Furman university, Greenville, 8. C., in jured in an automobile crash near King's Mountain, on May 16, today was given "only & few days to live by Dr. L. N. Glenn, staff surgeon at City hospital here where Dr. McGlothlin is a patient. Paid No Income Tax Washington, May 28.—A sen ate investigating committee was told today that none of the 20 members of J. P. Morgan and company paid any income tax for the years 1981 or 1932 because of losses reported by their firm. N. Y. Goes Wet Albany, N. Y., May 28.—A strong we* vote in upstate coun ties tonight indicated a wet vic tory in New York state's special election of delegates to the state repeal convention. Hold Funeral For Israel Byrd, 88 Israel Byrd, 88, passed away at his home in .Wilkes county early Tuesday, following a brief illness from a heart ailment. Funeral rites were held Wednesday morning from Dennyßville church by Rev. N. T. Jarvis and interment was in the church cemetery beside his wife, Mrs. Olive Seagraves Byrd, who died about four years ago. He is survived by one daugh ter, Mrs. Nancy Younger, and sev eral grandchildren. The deceased was an. uncle of E'. L. Byrd, of this city. „ ' V. ELKIN, N. C„ FRIDAY, MAY 26,1933 MORE IMPROVEMENT NOTED IN STATE'S RELIEF SITUATION Surry, Yadkin and Alle ghany Show De creases WILKES IS HIGHER A continued improvement in the status of destitution in North Caro lina is indicated by a report released by the governor's office of relief which states that the total amount of money spent for relief purposes during April amounted to $1,091,- 835 as compared with $1,323 r 346 spent during March, a decrease of $231,511, or about 17.5 per cent. The report shows that the de crease in expenditures is even great er than the decrease in number of families, which was from 164,000 to 138,000, or about 16 per cent, thus revealing the encouraging fact that not only are fewer families being aided but that those yet destitute are requiring less assistance than pre viously. The average expenditure per family during April was $7.90 as compared with $8.07 for March. The total amount spent in each of the following counties during April as compared with March follows: Surry, March $9,898, April SB,- 971; Alleghany, March $2,565, April $1,103; Yadkin, March $6,959, April $4,314; Wilkes, March $10,157, April $12,467. With the exception of Wilkes county, which showed an increase, the remaining three counties listed above showed decreases in expendi tures. SURRY TAX SALE TO BE POSTPONED Legislature Authorizes Extension Until De cember Ist The Surry county board of com missioners, at their meeting the first Monday in June, are expected to postpone the real estate sale for delinquent taxes until next Decem ber, it was learned Tuesday, inas much as a bill introduced in the gener«' assembly and passed shortly befci; that body's adjournment, au thorized such a postponement. However, under the new act as pertaining to Surry county, the com missioners have the power io set the date of the sale at any time be tween the present and next Decem ber, and although the meeting in June may not see a postponement until the last month of the present year, it is almost a certainty that the sale will be postp6qed to some later date. , In case the tax sale should be postponed until December and then prior to that time the commission ers should deem it wise to move the »ale up a few weeks or months, un der the act as passed by the legisla ture they would have that right. However, there is little prospect that this clause will be called into use. FAR FROM SETTLED Although much has been said and written about a proposed settlement of the Smith Reynolds case thfougb the establishment of a huge Rey nolds endowment in which other members of the Reynolds family might join, the case is far from be ing settled, it was announced Sun day. DRAW FIRST DIVIDEND I There 1 is expected only a small amount ,of relief funds for this coun ty next inonth. And there may not be any funds available at all. Full Quota of Stock Subscribed At Meeting of Citizens At Hotel Elkin Last Night; Was Do or Die Denmark Appointee p § ■ \./V-. Smb > Wx -. Miss Helen Lee Doherty, dangh terter of Mr. and Mrs. Henry L. Doherty of New York, is now in Denmark, going (j, ere to be Assists ant to Mrs. Ruth Bryan Owen, new U. S. Minister. LOCAL PEOPLE ARE INJUREDJN WRECK Auto Accident Puts Wade Family In Hospital As the result of an automobile collision which occurred about 11 o'clock Friday night ftn highway 10, near Catawba, Mrs. L. I. Wade, of Elkin, is in a Statesville hospital recovering from severe injuries, and three other members of the Wade family are recovering from minor in juries at their home here, follow ing hospital treatment in Statesville. Those injured, in addition to Mrs. Wade, were her husband, L. I. Wade, and their daughter and grandson, Mrs. Enzo Jemma, and Enzo Jemma, Jr., of Rome Italy. Mrs. Wade, the most severely in jured of the party, suffered a frac tured nose, lacerations about the face, and chest injuries, in addition to numerous painful bruises. Mr. Wade's left hand and hip were in jured. Mrs. Jemma and her small son suffered minor injuries, cuts and bruises. The Wade car was said to have been traveling east on highway 10 about a half-mile west of Catawba, when the accident occurred. It was said that another machine, traveling west, side-swiped their car, causing it to turn over several times down an embankment. Mr. and Mrs. Wade were thrown from the car by the force of the impact and were uncon scious'for a short time. The entire party was carried to a Statesville hospital by pamers-by. In the confusion immediately fol lowing the accident,, the occupants of the car which hit the Wade ma chine made their getaway. Mrs. Wade's parse, containing S6O in cash, which was left in the front seat of the wrecked car, was stolen. Mrs. Jemma and her son returned to Elkin several days ago. Mr. Wade returned Tuesday. The con dition of Mrs. Wade will not permit her removal from the hospital with in. the next several days. The Wade car was said 1 to have been almost completely demolished. ADDS TO "BRAIN TRUST" M. W. Prague, Harvard professor who helped guide the Bank of Eng land through the trying period when the nation left the gold, standard, was reliably reported Monrfay night to have been selected by President Roosevelt as economic adviser to the United States government. Bank Situation Had Come to Showdown With Failure Meaning Liquidation; All that is Necessary to Open Doors is to Secure Agreement of Remaining Deposi , tors to Sign Over 15 Per Cent of Deposits NEW CHARTER MUST THEN BE SECURED Upon Opening 85 Per Cent of All Deposits Will Be Made Immediately Available; Expect Opening to Come Within the next 10 Days The Bank of Elkin will open! At a meeting of business men of Elkin and vicinity in the banquet hall of Hotel Elkin last night the full quota of stock was subscribed. All that remains to be done now is to com plete the process of getting depositors to sign over the necessary 15 per cent of their deposits, secure a new charter from Commissioner of Banks Hood, and the way will be cleared for the New Deal in Elkin. The signing over of the 15 per cent of depos its is expected to be completed within a few days. A few more days will be necessary in which to apply for and receive the new charter. Then El kin will have a 100 per cent sound bank open for business and ready to serve the needs of the cit izens of the town and this section. Ten -days should see the opening. Attempts by long distance telephone last night to reach Ed win Duncan of Sparta, and Claude Doughton, of North Wilkes boro, who have subscribed one-half the stock necessary to open the bank, failed. What their immediate plans are, now that the opening of the bank is assured, are not knowrt. Last night's meeting was called when it appeared evident that subscription of all the stock to be sold lodally, was not forth coming. The bank situation here had reached a showdown. It was at the cross roads, one leading to success, the other to fail ure—and liquidation. The meeting opened without any sob stories. Everyone ap peared to sense that it was now or never, and under the good humor and jokes of J. H. Fulghum, of Mountain Park, the sub scriptions began to come in. His good humor was infectious. The meeting had been under way hardly ten minutes before it resembled a "Hail, Hail, the Gang's All Here" sort of affair. And as the minutes passed, the necessary stock, share by share, was subscribed. The entire task was completed within an hour and one-half. Upon the opening of the bank, every depositor will have im mediately available 85 per cent of his or her deposits that were in the bank when it closed March 6 upon the order of the pres ident. Under the regulations as laid down by Hood, it will be an en tirely new bank. In name it will be The Bank of Elkin instead of Bank of Elkin. It will be a purely local bank* owned by the jcitizens of Elkin and vicinity. No bank in the state will be any more liquid. As to who the new officers will be is not known at this time. It is understood that Edwin Duncan will be in active :nan ment, but directors will have to be elected by the stockholders,, The directors will in turn elect officers to run the institution " • i EXTRA! PUBLISHED WEEKLY

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