Covering a Urp. and Foter.tially Rich Territory in Thi, State
Vol. XLIII.? No. 20
Murphey, N. C.,
Friday, December 18, 1931
$1.50 YEAR -5c COPY
STATEMENT OF
CHEROKEE BANK
FILED DEC. 1 ITH
laconic and Expense Shows Deficit
Of $9,635.93 From January
To October 3rd
The auditor's report of the closed
Cherokee Bank, filed Friday after
won. December Uth. with the clerk
/ the superior court, shows that tne
bank operated at a loss for the pe
riod from January 1, up until it
dused on October 3rd.
The report, prepared by W Bow
en Henderson, certified public ac
countant. of Asheville, is mostly
firares rclatinK to the bank s condi
tion, but it present* a Rraphic pic
ture that is a revelation in detail.
The total loss, according to the
report, for the period 01" January 1
to October 3rd, the day it closed, is
feted at *11,608.89. The total in
come for the period is listed at $6,
237 91. while the expense for the
period is listed at S 12,622 33. The
deficit listed for the penod is *9,
635.93.
The statement of the condition of
the bank, as of October 3rd, lists the
loans and discounts at $132,397.92,
wiih $33,656.43 of this pledged to
.ecure bills payable. Cash is listed
at $5,259.36, with $5,794.47 due
from banks. The total resources are
listed al $157,569.33.
As liabilities, the deposits are list
ed a* follows: Demand or open ac
count. $72,456.57, with certificates
of deposit amounting to $46,787.84,
or a total of deposits of $119,244.41.
Bills payable, including interest, tax
es. etc., are listed at $17,876.14, or
$376.14 more than the capit al stock,
with a deficit of $9,635.93. Total
liabilities are listed at $157,569.33.
TV loans and discounts of the
bank, which are listed at $132,397.9L
contain a large amount of bad paper,
and a number of the officers and
stockholders are heavily involved on
ihc bank's paper.
For instawe, J. W. Davidson, a
stockholder, director, and member of
the executive committee, and son of
the bank's president, who recently
filed bankrupt papers, was involved
on more than $20,000.00 worth of
the bank's paper. Some of this
paper, of course, has other indorsers
vhile on some he was tho sole surety.
J. W. Davidson was interested in
Griffiths, Inc., which concern also
went bankrupt recently owing the
bank $3,973.97 in notes endorsed by
an official of that company. Per
fonal notes of others endorsed by
Mr. Davidson amount to $8,210.00,
among which are notes amounting to
$3,460.00 made by E. C. Mallonee,
an employee of Mr. Davidson. Per
sonal notes of others endorsed by
Mr. Davidson with others as sec urity
amount to $4,063.49. Companies
and businesses in which he was in
terested as a partner had notes at
the bank amounting to $8,009.32, in- |
eluding Griffiths, Inc.
The report also shows other in
stances of officials heavily involved,
but probably not quite as glaring or J
outstanding.
Three notes are listed amounting
to $9,825.23, with no security, which
have caused considerable speculation,
as to who the parties ate. No one
seems to know them. However, one
J. E. Toney, note for $3,725.23, due
January 24, 1931, we learn by ru
mor was a roa<t man or contractor,
although unable to confirm the ru
moi. The other two are: H. W.
Maples, $3,600.00, due January 26,
1930, no security; and Abe Winer,
$2,500.00 due July 1, 1931, no se
curity.
The report shows that the bank
was chartered April 29, 1920, and
closed on October 3rd, 1931. Offi
cials of the bank are listed as fol
lows:
Directors: E. A. Davidson, S. D.
Akin, G. W. Candler, J. W. David
son. C. A. BTown, W. S. Dickey, J.
A. Richardson.
Officers: E. A. Davidson, presi
dent; J. A. Richardson, vice-prea
dent; J. B. Storey, cashier; C. W.
Carringer, assistant cashier.
Committees: Executive: E- A.
Davidson, J. W. Davidson and J. A.
Richardson.
The stockholders of record, Octo
ber 3, 1931, are as follows:
S. D. Akin, 10 shares, $500.00.
C. A. Brown, 10 shares, $5J}0.00
G. W. Candler, 10, shares, $500.00
E. A. Davidson, 80 Shares, $f?000.
J. W. Davidson, 21 shares $l?0o0*
P- D. Dickey, 10 shaTes, $500.
W. S. Dickey, 99 shares, $4?950.
John H. Dillard, 10 shares, $500.
Porter Fain, 5 shares, $250.
C. B. Hill, 2 shares, $100.00.
Welling M'. \sc 10 shares, $500.
Mrs. T T. - shares, $360.
J- A. Ri v- A share*. $200.
J. B. S* "OS. $3??00
Total, ?50 ; :.u* *-.iount $17,500.
,, ? -7
NOW, DON'T
I FORGET I
JURORS DRAWN
FOR JAN. COURT
The Jury Commission of Cherokee
County, met December J 2th, 1931
m fuIi ?***? Sheriff and child
and the following: jury was drawn
for the term of Court beginning*
January 25, 1932:
First Week:
Harve Car ringer, Murphy, N. C.
Felix Palmer, Murphy, N. C.
E. J. Torrence, Wehutty, N. C.
R. T. Heaton, Andrews, N. C.
Tom Cole, Culberson, N. C.
J. W. Corn well, Grandview, N. C.
C. A. Swaim, Murphy, N. C.
W. T. Holland, Andrews, N. C.
E. E. Jenkins, Culberson, N. C.
T. P. Calhoun, Murphy, N. C.
J. S. Keener, Tomotia N. C.
Zeb Morow, Andrews, N. C.
L. E. Barnett, Murphy, N. C.
W. D. Townson, Murphy, N. C.
Casteel Hawkins, Wehutty, N. C.
J. R. Roberts, Unaka, N. C.
W. H. Sudderth, Murphy, N. C., R.
Sam Williams, Andrews, N. C.
W. W. Ashe, Andrews, NT. C.
R. C. Andrews, Andrews, N. C.
J. P. Decker, Suit, N. C.
H. W. Rogers, Murpliy, N. C.
C. M. Sneed, Murphy, N. C.
Lee Rice, Murphy, N. C.
Second Week:
J. H. Crisp, Murphy, N. C.
D. T. McNabb, Suit, N. C.
T. S. Evans, Murphy, N. C.
F. S. Wilhide, Andrews, N. C.
E. A. Voyles, Murphy, N. C.
J. W. Stalcup, Murphy, N. C.
R. H. King, Murphy, N. C.
S. C. Mingus, Murphy, N. C.
?W. I. Crawford, Anrdews, N. C.
D. M. Birchfield, Murphy, N. C.
Drew Davis, Granoview, N. C.
F. O. Bates, Murphy, N. C.
Z. B. (Well, Grandview, N. C.
G. W. Cover, Andrews, N. C.
A. M. Simonds, Murphy, N. C.
Diiiard Morrow, Violet, N. C.
Sam Parker, Andrews, N. C.
B. D. Morrow, Murphy, N. C.
L. M. Ballew, Murphy, N. C.
J. II. Parham, Andrews, N. C.
Hillard Hanmpto, Murphy, N. C.
H. C. Whitaker, Andrews, N. C.
J. F. Garland, Cullerson, X. C.
A. D. Taylor, Murphy, N. C.
| The last stock tTa:;sfer or trans
action of Tecord wa# on January 22,
1931.
Tables in another c*. iumn show the
statement of the condition, public
funds, and income, expenses sad
losses.
BLINDING LIGHTS
TO BE CHECKED
BY N. C. PATROL
If the headlights of your car blind
the driver coming in the opposite
direction, you may be instructed by i
; officers of the State Highway Patrol !
I to do something about it, according j
j to Captain Charles D. Farmer of the
Patrol, who is backed up by a rule I
adopted by the State Highway Com- j
mission. The rule was passed in or
der to place every motorist on an j
equal basis as regards the strength
of his auto headlights. Prescribing
a uniform and proper headlight
service, the Highway Department
have named several hundred official
service stations throughout the State
to render assistance to motor car
owners.
Captain Farmer attributes many
highway aacidenta to drivers becom
ing blinded by glaring headlights.
He said, "It would seem that every
man now figures on having the big
! gest and strongest light so as to over
come the glare of the other fellow's
lights. A blind man is not permitted
to drive a car, yet a man who cannot
see through the rays of another's
glaring headlights is virtually a blind
man and there is no telling what he
will do.
?'The highway death toll in North
Carolina is still going up. It has got
to go down. The two of the chief
causes of night accidents are blind- {
ing headlights and the lack of a rear '
light, and the Highway Commission
has ruled them from the highway.
We have stations set up to eliminate
this trouble, and we hope the public
will cooperate with us in taking ad
vantage of the service now offered."
Paper Late
The Scout is late this week by one '
day, and we are having to leave out
a number of articles from a lack of
space.
EARLY NEXT WEEK
However, next week we Bhall try
to get out several days in advance
of Christmas Day, and request that
all copy be given not later than Mon
day night. During; the week ? of
Chr: -as, only an abbreviated sort
of : . will he published, that is
for th ue of Januaiy 1, a&o copy
for thi r ?si r?.l?o be in, th* office
not later t next Vuesfoy, Decem
ber 22nd Thank 70a.
BRASSTOWN
CI.UBS HOLD
JOINT MEET
Murphy Lions Club Guest At Special
Entertainment La*t Satur
day Night
The Men's and Women's Clubs
J of Brass town entertained the Mur
| phy Lions* Club and wives of mem
bers, on Saturday night the 12th.
| The meeting* was held at The John C.
I Campbell Folk School, where about
(50 gct^Ted in the Community Roonu
We were happy to have with us from
m Murphy Mr. and Mrs. W. M. Fain,
Dr. and Mrs. Ed Adams, Mr. and
Mrs. Elkins, Mr. Bailey and Dr.
! Salisbury, and only Tegretted that
more of our friends could not come,
j The program opened with the play
I ing ol several selections on the vio
lin by Alexander Ware of the Folk
School. Then the school band, which,
is only a little over a month old,
played some pieces, with Mr. Ware
conducting, and Mrs. Campbell at
the piano. The* members in the band
] that night, grouped according to
the instrument? played were: tri
angle*- Lucile Serous of Brasstown,
Anne Mae Hensley of Murphy. Zoa
Wilson of Highlands, Coy CoftY, <.f
Suddiwid; tambourines-Stella Wilson
of Highlands. Martha Voyles of
Murphy, Nell Young of Lawrence
j ville, (Ja.; drams: Haden Hensley
: Murphy, and Grover Young of Law
Irenceville, Ga; cymbals, Betty Pear
' son of Saluda; wood block, Hollis
. Penland of Brastown; tin pans, Ray
jmond Ketner of Magpie, N. C.
I Austin Arrant of Murphy, Rastus
! Hughes, Lenard Canrtell and Bonnie
[Logan, all of BVasstown.
I There was next an amusing little
' act by Leon F. Deschamps and Alex
ander Ware, which brought much
| laughter and applause. Then Alex
ander Ware played several violin
-??!o?, including "Humor; uue," Vrs.
Campbell accompanying on the piano.
, A group of the Folk School workers
and students then sang two very old
j ballade of this section ? "A Paper of
Pins," and "Lazy John, Lazy John,
! Will You Marry Me
The next "stunt" caused consider
able mirth, and much clapping:, es
pecially alter tho.^e taking part had
been identified, which in some cas
es was rather hard to do. Mr. Fred
O. Scroggs, with a large moustache
and derby hat, came in to announce
that a group from New York would
appear to show various costumes, and
asked his assistant, Mr. George Bid
strup, to bring them in. First ap
peared a dignified "lady" in a dress
of the 1880s, who was finally recog
nized as Bob Scroggs. Then came
two white-gowned ladies of 1900 and
1910, Elmer Sales and John Deal,
respectively. Miss 1928, a very tall
"Miss," was Bill Clayton; and Alex
ander Ware made a very lively Miss
of 1932. The sixth "woman" was
"Grandma" with a large sunbonnet,
who .shook her head rather disap
provingly at the modern styles. This
was Mr. Fisher of the Folk School.
Mrs. Campbell gave a little talk,
explaining the singing games ana
the band, as means of wholesome re
creation, and also spoke of the need
for older people, as well aas for boys
and girls, to have fun together and
opportunities to relax, which the
Clubs give. She said each club also
has its practical and educationnal
side, as well as the social side.
Then a group from the folk school
did a number of singing games, the
last being one recently learned, the
"Flambor?ugh Sword." Mrs. Camp
bell spoke of these old English games,
sometimes tell a story, and wherein
the 4*victim" is occasionally "killed,"
all in play, of course. The audience
were especially enthusiastic about
the "Flamborough Sword," which
showed the result of much v-areful
drill by George Bidstrup, &nd hard
work by the students, -who seemed to
enjoy it as much as the spectators
did. Those taking part were Holis
Penland, Haden and Anne Mae Ren
sley, Lucille and Bob Scroggs,
Stella Wilson, Martha Vovles and
Betty Pearson.
The members of the Clubs and
their guests then went down to the
dining room where a bountiful supply
of delicious cookies, provided by
members of the Women's Club, and
coffee awaited them. The tables
were arranged to make a large L for
Lions. After the refreshments,
several interesting speeches were
I made. First, Mr. Fbher, as Presi
dent of the Men's Club, gave the ad
dress of welcome, which, coming at
that time, alter the previous enter
tainment, steemed, he said, rather
like putting the cart before the horse.
| He expresed the pleasure of at
having our Murphy friends with
President of the Lions*
was then called upon, and
mode a most interesting jh. He
| started by saying that sookes
Urge Motorists To
Carry Registration
Card At All Times
GREENSBORO, Dec. 13 ? Motorists
will save themselves considerable em
bairassment and inconvenience by
cartying their white registration
pocket card with them at all times
while operating a motor vehicle,
Coleman W. Roberts, president of
the Carolina Motor club pointed out
here tonight.
"Due to the fact that North Caro
lina automobile license plates for
1932 will bear no classification sym
bol it will be ncccssary for the high
way patrol and other officers to
frequently call on motor vehicle own
ers for their registration card," Mr.
Roberts said. "For this reason the
law requiring that the nocket card'
be carried at all times be rigidly en
forced. Failure to carry the pocket
card makes tlte operator of a motor
j vehicle subject to indictment."
Although the motor *.ub executive
urged that the card be in possession
of the operator of the vehicle at all
I times he strongly opposes keeping
j the card in the car as possession of
| the card would hinder recovery of
I the vehicle in the event it was
stolen.
| "In addition to it* value in dcterm
' ining ownership of a vehicle," Mr.
| Roberts said, "the pocket card is the
j operator's sole evidence that th%?
.correct license fee has been paid.
;This will be particularly valuable to
operators of trucks as the card will
' show just what weight, load may be
j hauled on the particular vehicle."
Mr. Roberts urged that fleet own
? era impress on their operators the
I value of always carrying the registra
tion card, and also made a plea for
j truck owners who wish to carry
j heavier loads than the rated capacity
I to he certain and make known the
j overload and pay the correct fee
! when purchasing license.
I License plates will go on sale at
51 Carolina Motdr club offices Dec
j ember 15. The* may b'j> placed in
: us?j immediately after that date.
Folk School To Give
Pageant On Dec. 24
The Christmas pageant is to be
given, as usual on December 24, at
2:00, at the Folk School, and it is
hoped that many of our Murphy
friends will also be able to attend.
Vhi students are busy rehearsing
their parts, and getting costumes
ready, and it is expected that this
j Pageant will be the best the school
[has yet presented.
Reese And Witt Form
New Insurance Firm
Messrs. Dallas M. Reese and Wal
ter C. Witt have formed a new in
surance organization, which will be
known under the firm name as the
Reese-Witt Agency. They will han
dle all kinds of insurance, Including
life, health, accident, fire, casualty,
marine, bonds, and, in fact, all kinds
of coverage written and will repre
sent several companies.
They are both well experienced in
the insurance business. Mr. Witt
has been engaged in the life insur
ance business here for the past sev
eral years and Mr. Reese has been
engaged in the insurance bt^ine-ss
for nearly fifteen years, and for
several years was district manager
for one of the large life and casual
ty companies for the eastern part of
North Carolina.
They state that they will be well
equipped to serve the insuring pub
lic with the most up-to-date and ef
ficient insurance protection and
service. Their office is lor the pres
ent in the Davidson building.
man the Lions' had expected to have
present was unable to come, so that
he himself was unprepared. Howev
er his talk covered many interesting
and important points and was well
received by all. He mentioned the
meaning of "Lions," and spoke of
their aim of service, and verious pro
jects they had undertaken, including
the Murphy cannery. He emphasiz
ed the changing conditions, and also
the need of cooperation.
The next speaker called was Fred
O. Scroggs, whose talk was full of
wit and humor, and also much sound
common sense,. He also brought out
the need of cooperation and working
together.
After the speeches, we went again
to the Community Room for a few
singing games. Our guests joined
us in flaying "A- Thief, A Thief,"
and also in the Danish iirand
March. Then everyone made a huge
circle, for the singing of Auld Lang
I Syne.
; Then Dr. Adams mac> a but
welcome speech, v. :t
Ieu ^ras3town gr?
with ?... ' .c.?s iu M" - i
few rv ihe date *