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 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- 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 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,