i watauga bank is
expected to pay
anotherdivide.nl
Permission Is Asked of State Bank
ing Commbsoiner to Pass Out Tes
Per Cent More in Dividends this
Moatb to Holders of Preferred Cer
tifiCiit?.s. Will Release $6,0(M). Ailei
Speaks at Meeting of Directors.
At a meeting of directors of tin
Watauga County Bank, held on Sat
urday morning, JiwvereSier 3rd, resolutions
were unanimously adopted re
questing the Commissioner of Banks
for North Carolina and the Feriera
Deposit Insurance Corporation to uu
thorize the retirement immediately 01
another )0 per cent of their preferrec
stock. If permission is g* nted, thti
will mean the distribution of $20,
000 additional to preferred sharekoid
ers. The resolutions also included a
request to the two hank governing authoriites
-State and federal- -for thi
permission to pay a dividend to th<
preferred shareholders on Novembei
30th. The dividend rate on the preferred
stock is 3 per cent per annum
s and such dividend payments, if theit
request is granted, will amount to approximately
$0,000.00.
When the Watauga Bank was
admitted to membership in the Federa!
Deposit Insurance fund on September
21st, and re-opened for unrestricted
business, they had $200,532.61
outstanding in preferred shares. On
Octolier' 25th. with full approval by
the Commissioner of Banks for North
Carolina and the Federal Deposit Insurance
Corporatio i, at Washington,
they began the listribution of cash
retiring 20 no- ent ot tbeir preferred
stock, amounting to $40,110.52. Practically
all of that amount was distributed
to shareholders in this immediate
community.
Pursuant to the resolutions passed
by the directors on Saturday, the 10
per cent preferred stock retirement
will mean a further distribution of
520.055.26, and will result in reducing
the amount of preferred stock
outstanding to $140,386.83.
At the directors' meeting, Mr. John
G. Allen, special examiner for the
State Banking Department, who has
been working in this vicinity, reouest
cd a healing aa he desu-ed to deliver
to the hank a special message from
Hon. Gun ley P. Hood, Commissioner
of Banks.
Message from Hood
"I want you directors to know that
the Commissioner of Banks is just
as anxious as you are to retire all
of your preferred stock as quickly as
possible. The one way to accomplish
this," continued Mr. Allen, "is to canvass
your note case closely, keep it
thoroughly maintained at all times,
and conform in every way with the
General Orders of the Commissioner,
as they are uttered primarily for the
promotion and maintenance of good
banking. There must be thoroughness
in this department of your bank. With
your most earnest co-operation and n
similar attitude among all the other
banks in the State, Norch Carolina
bids fair to become the first State in
the United States to have all of its
State banking institutions rated as
No. 1."
Mr. Allen then proceeded to explain
to the directors of the Watauga
County Bank how the Federal Deposit
Insurance Corporation rated banking
institutions. They have four ratines?No.
.1. 2 k anil 4 Ilrnmiillnrr nn
on liquidity and general soundness
There are 277 State banks and
branches in North Carolina, with all
of them except seven industrial banks
and one commercial bank with twc
branches, being members of the Federal
Deposit Insurance Corporation
On January 1st last When Fedcra
Deposit Insurance was inaugurated
North Carolina had 206 No. 1 banks
42 in No. 2 class, 6 in No. 3 and 13 it
No. 4. All of the No. 3 and No. 4
banks have been eliminated, and onlj
three banks in cur st". te are in Nt
2 ciass. In other words, 264 Stati
banks are now rated as No. I insti
tutions, and 3 as No. 2. Mr. Hood h
convinced that on the next joint ex
animation by the State and the F. D
I. C? and three No. 2 banks will b<
eliminated. These examinations wil
shortly be made, and Mr. Hood is con
fident North Carolina will then hav<
a perfect showing.
After Mr. Allen's talk, the dlrcc
tors voted to secure immediately thi
services of an additional employee
whose sole time will be occupied ii
work on -the notes now held by thWatauga
County Bank. Just as fas
as collections can be made, approva
for IJip ???
ferred stock will 'be requested, an<
the distribution accomplished.
The Watauga County Bank ha
been open for unrestricted busines
.just six weeks and one day on las
Saturday. During that period depos
its have increased over $100,000.00.
Local and National
Leaders on Red Cros
The work of the Red Cross is un
versal in its scope. The Red Cross aj
peal for membership should have r<
sponse from every man and woma
in Watauga County.?J. D. Rankii
Chairman of Watauga Chapter.
The Red Cross chapiters througl
out America were the first line <
defense for the unemployed durin
those trying days before the Feders
Government put its funds at the di
posal of the unemployed.?Harry 1
Hopkins, Federal Relief Administn
tor.
; WA1
Ani
i VOLUME Xim, NUMBER 19
.y. .y .*? ^ ^ ^ -YI
New
i
>
: ROOSEVELT REGIME
: WINS APPROVAL
THROUGHOUT II. S
Democratic Leaders Claim Eight Senate
Seats Won. Giving: Two-Thirds
1 Majority. Fess Trails in Ohio, Reed
Beaten Jn Pennsylvania. Administration
to Again Have the Support
of Overwhelming: Majority.
| Eight Republican Senate seat
counted by the Democrats as won,
guaranteed a top-heavy Roosevelt
majority in Congress, as returns from
Tuesday's election were tabulated, and
j tbc jubilance of the New Dealers
mounted with each, group of return-:
they examined. Their favorites were
off to flying starts in Connecticut,
Ohio, West Virginia, Maryland, Mis.
souri, Indiana and Pennsylvania, and
, to a lesser lead in New Mexico.
Simeon D. Fess, 73-year-old foe of
the New Deal, trailed far behind Vic
Donahey, Democrat, as returns came
in from Ohio, while Senator Reed,
outstanding critic of the Administration,
was far behind his Democratic
rival, Joseph F. Guffey, in one of the
most sensational upsets of the election.
It 13 claimed that three Republican
, representatives from Illinois have
been defeated, including the veteran
Fred Britten and Oscar DcPriesft,
negro.
Shipstead Trails Iiagan
Farmer-Labor Senator Shipstead
went behind Democratic nominee Rai
gan in Minnesota, while James M,
Our ley. New Deal candidate led ir.
Massachusetts. In West Virginia c
29-year-old Democrat, Rush D. Holt,
was far in the lead of Senator Hat
field, candidate for re-eledtaon.
I Ohio, Cbnneolicut, Oklahoma arid
I Arizona started in the same direction
they did in 1932, and at the half-way
mark in the national ballo.aig Chairman
Farley recorded liis jubilation in
a formal statement that "famous figures
m the Republican organization
have been toppled to oblivion."
State Holds Trend
In North Carolina all Republican*
were beaten, no material deflection
cur be seen in the majorities for the
various members of Congress, on the
basis of early returns, and five to out
majorities are apparent in the Statewide
races.
In Tennessee the fusion ticket ol
Pope and Hooper was far behind th<
I regular Democratic nominees, Cover
1 nor Hill McArLtter and Senator Ken
i noth McKeliar. An overwhelming vie
i tory was also chalked up by Senatoi
. Bacbman over Dr. Neal, independf.n'l
Democrat, for the short term.
I In California, Governor Merriain
Republican incumbent, overwhelmec
Socialist-Democrat Upton Sinclair ir
i a victory which is expected to better
\ three to one.
: IMPORT ANTROAD
: READY IN 1937
J laurel Creek Highway Will Not Bj
1 Constructed at Present, Says Sigmon,
and 19S7 Is Set for Consum
matlon of Large Project.
The road down the River from Su
i gar Grove into Tennessee, commonl;
', referred to as the Laurel Creek High
a way, will not be constructed unt:
e 1937, according to information com
t ing last week from Mr. Ross Sigmor
1 member of the State Highway an
I- PllWlp WnrVo PAmw>ooioi?
3 Mr. Sig-mon in a letter to Mr. J. C
Walker, Asheville engineer, Mate
s that the important project has bee
s placed in line for the 1937 progran
t and states that he is very sorry tha
- its construction at an earlier dat
will be impossible, due to the heav
cost. He further states that he cor
siders it the most important projet
in Watauga County and hopes the
5 they will be able to keep it in th
program.
L- The road, taken over by the Sta1
>- some years ago, is in a passable coi
dition, but it is expected that it wi
n j be made into one of the State's mad
i, arteries of transportation providing
shorter and better route into Tennc
see and the west.
i
rf BAPTIST COMMITTEE TO MEET
g The Executive Committee of tl
il Three Forks Raptist Association wi
s- meet at Willowdale Baptist Churc
U. on Sunday, November 11th, at 2:J
l- p. m. All members are urged to I
prese.it.
rAUG
Independent Weekly Newsy
BOONE, WATAUGA COt
Y- Y Y Y Y Y Y
il Triump
<j Wins in Hard Fight \>
1 Bh^hsB ii
T. C. Bowie, fiery Ashe County 1 j
solon, who was re-elected Tuesday ;
as Representative by a majority of ?
about 500 over John Weaver, for- j
mer Democratic leader running with <
Republican endorsement. A good ]
j deal of doubt had been felt in Watauga
as to the outcome of the <
fight. {
jBANNER ELK BANK i
I "Tk A *. Tirv Trrmr^i nmiii' * * rvr
DAiNDllS MILL A! ,
LARGE IN HILLS
<
i
$1,000 Is Tiiken by Robber Trio in .
Hold-up Friday Afternoon. Stoney }
Creek Is Center of Search. Masked
Men Force Cashier Customer ^
! to Lie on Floor as they Scoop Cp
i Cash from Tills.
Carter County (Tennessee) officers J
are scouring- the mountains at the j
head of Doe River, near Stoney Creek. ^
in an attempt to find three men, who ^
help and and robbed the Banner Elk, t
N. C., bank of approximately $1,000 .
j on Friday afternoon of last week
t shortly after 1 o'clock. The search ^
. which has been carried on within a
s fifty-mile radius of Banner Elk, cen;
tered around Stoney Creek after the
. Ford V-8, in which the bandits made 1
their escape, was found abandoned by j
r | Caitcr County officers. The window
, i of the machine had been smashed.
I vv mi JUI woruuig III' LIIi ILL- mm i
drove up to the bank, two of them
entering with drawn pistols, and the ,
. third remaining in the car. J, M. Sho,
maker, cashier of the hank, and W.
H. Jackson, of Nashville, a customer,
who were alone in the bank at the
j time, were forced to lie on the floor
, while the bandits scooped up all cash
r contained in the cages. The bandits :
then forced the two omen to enter the
vault after Shoemaker had refused to
open a safe.
Shot Struck Car
Shomaker, discovering the bandits '
j had failed to open the vault, made a
dash for his pistol and fired three
shots as the car drove away in a westerly
direction. "X am positive one
s of the shots smashed the rear window,"
he stated.
"The two bandits were not wearing
masks," he said, "but the face
of one was covered with adhesive
~ tape. They apparently are between
y 20 and 25 years of age and are about
~ 5 feet 8 inches tall. I did not see
d the face of the driver."
The alarm was immediately spread
' throughout Western North Carolina
u an<i Eastern Tennessee. Every available
officer in the vicinity of Banner
' Elk was dispatched to the scene with
H orders to scour every road within
n miles.
t These posses, including one in Wa t
tauga, were withdrawn following
e word that the machine had been
y found in Carter County.
>- Cashier Shoemaker disclosed Saturday
that his check-up revealed that
Lt only about $1,000 had been taken,
le
GABY WARD
e Gary, the twenty months old son
1_ of Mr. and Mrs. Dewey Ward of Wa"
tauga Ifalls, died early Saturday from
11 an acute attack of membranous croup.
a The little fellow was stricken Friday
s" afternoon and everything possible was
done for his relief, but he failed to
respond to treatment.
It is sad for such a jolly little felie
low to be taken from the home so
II suddenly. FViuids and relatives ex2i
tend their tenderest sympathies to
!0 the bereaved.
>e Surviving are the parents and two
small sons. Zone and Dale.?Reported
A DE
)aper?Established in die
JNTY, NORTH CAROLINA. NOVEMi
* ^ f * * * *
/is Thr
FAIR AND SQliARE
SAYS HODGES, AS
ISALLUTlINli IS UYEKj
[A'lig-Stsnding Election Dispute Ends
With Tuesday's VoWng. Swift Gets
Instructions from State Board of
Elections and Argument Over Court
House Set-up Is Ended. Suspicions
of Discrimination Have Vanished.
"The election was fair ana square,"
bounty Republican Chairman Russell
D. Hodges told The Democrat Tuesiav
when election returns indicated
i Democratic victory by a majority
?f around 200, and thus it appears
hat the argument, as to fair voting
n Watauga County has been defi- :
litely settled. Mr. Hodges gives The
Democrat the following Statement:
"I am greatly pleased that foliowng
the ruling of the State Board of
v:-cUVjiis, the set up at the polling
^aces of WhJfcaugu. County was arranged
so as to do away with the
suspicions which have existed in the
?ast that our party was not being
riven an even opportunity of victory, j
r justice .to all concerned, I wish to j
t&te that the election in Watauga j
Dcimty was fair and .square, that I {
appreciate this, and believe that the'j
md of the dispute will bo for the j
jest interests of both psirties and the j
immunity and county in general."
Discrimination Charges
The contention of the Republicans'
hat the Democrats were conducting!
.he eleotions in such manner as to I
liscrimiirate against them, and to j
lause flUSpkaons of fraud, flared anew |
fOine days ago, when Mr. Hodges ap-1
lealed U) State election officials to
remedy the situation here. The correspondence,
including the reply of j
VIr. Swift, oounty cleotion hoard
rhairman, was published in The Dem>crat
last week, he later having revived
a letter giving explicit, iustruc;ions
as to the sot-up at the court
louse in Boone. Those instructions
vere carried out, the Republican of'icials
wore allowed near the ballot .
Soxes as {Created, "watchers" were
nside the enclosure, and partisans
>f both political faiths mingled in
he friendliest manner as tile baliotng
progressed.
BUILDINGS RAZED
ATM U'll KltXRftRftl
a 1 11. T T ILlllLUIIUUVI
Spainliours and A. & P. Tea Company
Buildings Practically Destroyed
by Fire Sunday. Damage
Estimated at Over $<5,000.
North Wilkesboro.?Damage estimated
at $75,000 eariy Sunday was
wrought in the business district here
by fire that raged more than two
hours.
The fire, origin of which was not
determined, was discovered about
midnight and was brought under control
about 2:30 o'clock. A second
alarm was sounded, however, about
4:30 o'clock when another conflagration
hroke out.
North Wilkesboro fire fighters were
assisted by companies and equipment
from Lenoir and Statesville,
which responded promptly to appeals
for help.
The Spainhour-Sydnor Dry Goods
Company building and stocks were
virtually completely destroyed. A
building occupied by the Great Atlantic
and Pacific Tea Company also
was destroyed and the stock of goods
badly damaged. Both structures were
three stories.
emner nearoy ouiiumgs were uamaged
by smoke and water. The Mayflower
and Wisteria Beauty Parlors
were badly damaged.
The losses were not fully covered
ROBY HARDIN
Mr. Roby Hardin died Tuesday at
Knoxville, Tenn., after a period of declining
health extending over a period
of years. Mrs. W. R. Spainhour, aunt
of deceased, received the brief intelligence
of the death, but other details
are lacking other than that interment
was to have been Thursday
afternoon.
Mr. Hardin was the son of the
late James Hardin, and has many
relatives in thi3 community He had
visited frequently here, particularly
at the home of Mrs. Spainhour, and
the news of his death is received with
sorrow by the many friends of the
deceased and of the prominent, family.
MOC
^ ear Eighteen Eighty-Eij
HSR S. 1834
t * *
gho\ iTh
1 *
Elected by 1^^ Majority|
Hon. IfaUon Warren, Democrat,
hius been pleetcd by an overwhelming
majority for .Senator from the
Twenty-ninth District. Mr. Warren
Is v. native of Mississippi who has
made his home at Sparta for the
past several years.
RED CROSS DRIVE
GETS FINE SUPPORT
Business Men and Others Actively
Behind KolKl Call. Volunteer Workers
Named to Make Campaign for
Two Hundred Members Here.
Plans for the annua! Red Cross
membership campaign which opens
on November 11 are almost complete.
Tiie quota assigned -to Watauga chapter
is *200 instead of 300 as icported
last week. The co-eperation of capable
leaders in other communities haa
been secured, and with .their help and
that of the eftfzens of Roone this
quota should be passed.
The clia.irma.il Ls gratified with the
enthusiastic co-oper&tcui she is receiving.
Practically every merchant
on Main Street generously offered bo
put in a special window display featuring
the Red Cross. This almost one
hundred 'per cent response will rival
that of cities much larger than this
place. The following volunteer workers
will assist in the Roil Call:
Blowing Rock: Mis. I. E. Story and
Miss Oorrinne Knight.
Oovc Creek: Mrs. Stanley Harris.
Valle Crucis: Mrs. T. W. Taylor.
Appalachian Teachers College: Miss
T . hv
Boone High School: Miss Annie
Ruth .German.
Demonstration School: Miss Eula
Todd.
Boone: Mrs. Ruth Isaacs, Mrs. Jim
Rivers, Miss Eva Kirkman. Miss Jewell
Hagaman, Mrs. A. R. Smith.. Mrs.
T. M. Dunkley, Mrs. Ed Quails, Mrs,
Robert Corf fey, Mrs. Joe Crawford,
Mrs. Russell Hodges, Miss Lorene
Miller, Miss Geneva Cook, Miss Floy
Cottrell, Mrs. Tracy Councill, Miss
Mazie Jean Jones.
The Boone workers will be notified
where to meet on Monday morning
to receive supplies.
H0N7L S SPURLINt
TO ADDRESS VETS
Armistice Day Will Be Celebrated ii
Boone JVext Sunday at 2:30 o'CIoek.
Parade of Legionnaires, Wives
and Children Feature of Event.
Arrangements a re being completer
by Watauga Post, American I>egi?xr
to celebrate Armistice Day, Sunday
Mnvpmhor 1 l + Ti ur:th a of il
ex-service men, their wives and fam
ilies, to be formed on Depot Stree
promptly at 2:30 p. m. The line c
march will be from Depot Street, t
the courthouse where all exercise
will be held.
Those in charge of the event urg
teachers of all schools to bring th
children of thc-ir schools and the pul
lie is invitod to participate in tl
exercises at the courthouse.
Hon. L. S. Spurling, Lenoir, Soiic
tor of the Sixteenth District, will d<
iiver the main addrses. All Span is
War veterans. Civil War veterans, or
veterans of all wars are requested i
the Legion to join in the parade at
other exercises.
Thirty herds of Jersey cattle in Q
tawba County, consisting of about 1
000 head of cows, are beiDg test<
for Bangs' disease under the co-ope
ative plan offered by the \J. S. D
partment of Agriculture.
'7}(W'
RAT
?Kt
$1.50 PER YhiAJR
^ V y %. :{. x.
le JSation
REPUBLICANS IN
HUGE GAIN OVER
< /van l XV T /?AH TBTnnwT
mz m ujunty
Entire Democratic Ticket Is Elected
by Sizeable Majorities in Heavy
Voting Tuosda>. No Tabulations
Entirely Complete. Election Brings
End to Colorless Campaign. Spirit
of Friendliness Prevails.
Waiaiigus eiw.i?rat<j again endorsed
the Democratic party in
Tuesday's election, and all county
caudidates are victors on the basis
of practically complete returns
from the fourteen voting precincts.
While roiiptting the winning trend
started in 1924, the Democracy
marched to victory Tuesday with
a possibility of a 225 majority as
against toe record-breaking one
thousand lead piled up in the Roosevelt
landslide. The official tabulation
may show the average Democratic
majority to be no more than
one hundred and eighty.
Boone, it appeal's, has returned an
average Democratic majority of 573,
j T .aurel Creek's endorsement of the
victors ranges from a low of 11 to
a high of 29, while Cove Creek gives
240 for the county ticket. In the Democracy's
townships, Blowing Rock
returns a majority of 15, while iri
Meat Camp No. 1 it ranges from 24
to 55. In Meat Camp No. 2 the Democratic
candidates received 3 majority
each with the exception of Sheriff
Howell, Who had an edge of four.
Watauga returned a Republican
] majority of 90. Blue Ridge cfcalked
up 215, Stony Fork 175, Shawneebaw
70, had North Fork followed with an
S5 edge in favor of the G. O. P. Elk
goes Republican, it would appear, by
an average of 106, while Bald Mountain
rejects the Democracy by 25.
Bought on Vote Incomplete
Congressman Robert L. Boughton.
has an edge of 316 over his Republican
opponent. Joseph M. Preve'tt.e,
on the basis of reports from four out
of the fourteen precincts, ;ind further
information could not be soured
as to the Ooner?v?s:onni race in time
j for the press.
J No figures are available on the
. State ticket.
The election marked the cubninai
tion of a campaign which until noar
the end was unattended by the usual
enthusiasm.
On the face of the unofficial returns
the voting in Watauga Couni
ty was the heaviest ever experienced.
In the race for State Senate, a cheek.
up reveals, ten townships indicate
an increase of 227 over the landslide
vote of 1932. In Boone Township,
17S2 ballots were cast Tuesday as
J O-1 i r> ct 1 ftJI ftTry-v ?.?'? ? n'-"
?*-? mv jrv.c??.o
So far as has been hearci no disturbances
evidenced themselves in any
pi-eoinct of the county, and the tenseness
which has fonmerly existed be,
tween Republicans and Democrats
had subsided as they mingled and
11 joked while the first returns from
I the outlying districts were trickling
I | illList
of Candidates
On the Democratic county ticket
were: Dalton Warren for State SenI
ate; L. S. Spurting, who was unopr
posed for Solicitor of the Sixteenth
District; Dean Swift for Represents'
live; Jolm H. Bingham, who was un^
oppose*! for Judge of the Recorders
Court; Austin E. South, Clerk of the
B Court: A. Y. Howell, Sheriff: Helen
Underdown, Register of Deeds; Dr.
Jack lx>ve, Coroner; Roby Vines, Surveyor:
Eller McNeil, W. F. Miller and
Coy I. Billings, for County Comniisj
sinners.
[ The Republican county ticket was
oomjjosed of the following: For State
Senate, George Cheek: for Representative,
Walter C. Greene; for Clerk
t of the Superior Court, Grace Sherj
wood Bingham; for Sheriff, Fred Hat0
ley; for Register of Deeds, Maud
s Powell; for Coroner, J. C. Brookshire;
tor Simr^tfnr T A
~^ v/1, A. J*. I1VI I
e County Commissioners, W. A. ProfIt
tt, Alfred Thomas and Arthur
j Moody.
16 DEMOCRARTIO MAJORITY
INCREASED IN THE HOUSE
i?
An early afternoon dispatch from
>h Washington, D. C., indicates that the
id Democrats, who maintained a rnajor>y
ity of 212 in the past Congress have
id increased their strength to a majority
of 220 in the elections of yesterday.
Forecasters had predicted that the
i- Administration would Ipse at least 20
seats. tv
id The Senate in its net- iseston will
r- witness a two-thirds Den mle
jority, the greatest in the - II'
since the pivll War,