m
Vol. XL1V?No. 27.
DEPOSITORS OF
MURPHY BANK
REJECT REPORT
Institution Will Be Turned Over To
State For Liquidation After
February 14th.
.At a meeting of depositors and
cfficals of the Bank of Murphy here
Saturday, January 28th, the depositor?
rejected the report, of a committee
that the assets of the bank be
. ken over b> the depositors and
lie,i. iatcd by themselves, and the
-'An will hp turned over to tin
years ago, it opened with the f?l~
iowing as officers and directors: J.
W. Lovingood, president; T. S. Bates,
vice president; E. C. Moore, vice
president; L. E. Bayless, cashier, W.
1*. Hyde, assistant cashier. Directors;
J. w. Lovingood, H. E. Dickey,
T. N. Bates, Noah Lovingood, W. W.
Hyde, L. E. Bayless, J. E. Coburn,
H- L. Anderson, E. C. Moore, E. P.
Hawkins, and M W Bell.
The published rejfert of the Bank
of Murphy in September, 1930, about
two months before its first closing,
showed at that time resources
amounting to 3332,083.59, with dePosits
listed as *271,881.33. The
statement of.the bank, as of last
December 31st, showed resources of
Bank No. 1, or the old bank, amounting
to *156,049.30, with deposits of
*117,962.45. .
During the past two years dividends
amounting to 30 percent were
Paid to the depositors.
PIE SUPPER
,. There will be a pie supper at the
Lnaka school house Saturday night,
?b. 4th, at 6:30. The proceeds of
the supper will be used for the bene.,
. t ?f the Baptist church. Everybody
? invited.
hat ^ ?
State Banking Commissioner for
liquidation on and after the 15th of
February.
The committee was composed of
T. S. Candler, chairman; D. Withersr-oon,
W. G. Owenby, Bright Raper,
K. B. Ferguson, and VictorOlmsted.
L. L. Jenkins, ol Asheville, was named
a- an advisory member. This comnuttei
was appointed at a meeting
on January 20th, instructed to investigate
the condition of the assets
of the bank, repo'rt their findings
ami make recommendations at a
meeting of the depositors called for
la;t Saturday.
The committee made its report and
recommended that the depositors ac-,
ctpt the proposition of tne banking
oiiicial> that the depositors take over
the assets of the Dank, collect and
trade the notes among themselves,
and sav the cost of liquidation. When
the proposition was first presented
at the meeting on the 20th, some opposition
to the plan developed on
tne ground that some ot the officials
had already traded and allowed to be
traded some of the notes or assets ol
the bank against outstanding certilicates
of deposit and open accounts.
When this opposition developed, it
was decided to appoint a committee
to look into the affai'rs of the bank,
withNthe request thftt t'i" oppositioi.be
represented on the committe.
This was done, and the committe
made ite report and recommended
tnat the proposition of the bank officials
be accepted, but the recommendation
of the committee was voted
down.
The Bank of Murphy was organized
in 181)8 and started business in
1S9D, and at one time was the strongest
bankink. institution in this part of
the state. When the Central Bank
and Trust Company, of Asheville,
closed in November, 1930, carrying
with it a number of smaller banks
throughout the state, the public
hysteria resulting caused heavy withdrawls
of deposits from the bank of
Murphy and forced it to close its
doors.
At that time the officers and directors
of the bank were: A. B.
Dickey, president (deceased); W. M.
Axley, vice president and acting
president; John A. Corn, vice president;
L. E. Bay less, cashier; W. W.
Hyde, assistant cashier. The directors:
M. W. Bell, W. M. Axley, W.
W. Hyde, J. E. Coburn, L. E. B'ayless
and John A. Corn.
L'nder terms and conditions submitted
and aproved by the Corpoation
Committee, whereby the depositors
agreed and signed contracts to
allow their money to remain in the
hank for two years; and the stockholders
wr^te off the books fifty percent
of their 9tock and raised this
amount in new capital, the bank was
allowed to re-open on March 2, 1931.
When the hank i?e-nriranized two
it. ntf!
ftekly Newspaper in Western North C
Murphey, h
|
We take produce on subscription,
also wood and anything \ve can use
?including (sometimes) greenbacks
in the amount of $1.00. What have U.
SCHOOLNEWS
HONOR ROLL
FIRST GRADE
/Mary Helen Bailey, Rita Hawkins,
lane Sloore, Frances Ratcliffe. Bud|iiy
Johnson, Carl Smith, Paul Pad
gett and Charles Fain. Miss Clara
McCombs, teacher.
SECOND GRADE
Mary Porter Fain, Frances Hampton,
Jack Carringer, Wade Teague
and Wanda Patton. Miss Martha
'Mayfield, teacher.
SECOND GRADE
Dorothy Dockery, Carmel Hembrce
Celir. Morgan, Raymond Carroll,'
Virgil Hembree and J. C. Ritch. Mrs. I
Patton, teacher.
FIFTH GRADE
Helen Hampton, Madge Leatherwood,
Mary Lee Roberts, Helen
Wells, Jack Dickey, and Wade
Ricks. Miss Emily Sword, teacher.
FIFTH GRADE
Kenneth Bailey, Billy Barnett,
Claud Carroll, Luther Hampton, Lucille
Burchfield, Dorothy Carroll,
Hallie Mae Hinshaw, Rosemary Queen
and Ruby Townson. Miss Addie
Leatherwood, teacher.
SIXTH GRADE
Hubert Wells, Dorothy Lahn, Sara
Sword and Billy Jackson.
SEVENTH GRADE
Virginia Dickey, Juanita Dyer,
Troy Hampton, Harold Ramsey,
Moselle Moore, M. J. Jordan, Juanita
Vestal, Hal Leathe'rwood and
Thelma Rice.
In observance of Law and Order
Day, set aside by the State Legislature,
"Mr. J. B. Gray made a very
interesting talk to the High School
students Friday morning at the Chapel
pe'riod. He brought out many
tacts concerning laws?their relation
to us, and our criticism of them.
He said further that everyone is
directly affected by laws of one
kind or another from his birth to his
death, and that some laws are good
and some are bad. Hi gave a brief
story of th'ree fundamental laws that
grew up in England under the Common
Law; these laws are enforced
today although their usefulness has
long since passed. Mr. Gray pointed
out that the young people of today
will be the leaders of our nation before
many years, and for them to
vote wisely in the future, it will be
necessary for them to study our laws
carefully to determine which are
just and which are useful.
Grace Bell
no c/>v?nnT nlav eround is being en
I ?. ? *- Ufci.v? I
1 la'rged by the cutting down of some
trees and clearing out the under
growth. This is being done by the
men working under the R. F. C. fund j
of North Carolina. Mr. Gray sent |
17 to the school grounds Monday. |
The town has sent over several loads i
of fine gravel to put on the walks |
and parking spaces. It is hoped that j
some beautifying may be done this \
month.
BASKET BALL NEWS
The Murphy boy3 an girls met the
Young Harris team on the local
court last Friday night. The Murphy
girls won by a score of 35-29. The
hoys losing by a close margin.
The Murphy teams won over Al?Tnadflv
nieht by a score of:
'IIUIIU * ?
Girls 19-11. Boys 28-17. Troy Milisaps
played an all around game while
F. Hensley and Davidson starred defensively.
GIRLS
Mtfrphy (19) Almond (11)
Parker McHan
Ramsey Stanberry
Hensley Higdon
Adams Edwards
Witherspoon Lindsey
Hamilton Hapson
BOYS
Murphy (28) Almond (17)
A. Millsaps Stanberry
E. Healsey Shuler
T. Millsaps Owenby
trokfi
'arolina, Covering a Large and Pol
I. C., Friday,February 3,
Visitor Here This Week
GjP^!l| 1
' ' ' v fli^nP H
^^B ^BUk - & ^b^^H
/ ap ^ :
Rev. T. L. Sass^r, pp.stor of the
First Baptist Church of Reidsville
and fo'rmer pastor of the Murphy j
Baptist Church, accompanied by Mrs.
I Sasser and little son, Tom, spent sev-'
eral days this week with Murphy |
friends. While here, Mr. SasseY1
i preached at the church Manday, j
|Tuesday and Wednesday nights.
On Tuesday night before services, t
the Woman*? Business Club of* the |
cnurcn tenaerea a supper lor Air. and
Mr.-. Sasser, yhieh was well attended
by members of the congregations of
all the churches.
Mr. Sasser was pastor of the
church here for five or six years, and
was popular with all congregations. '
The demonstrations of welcome and j
friendship shown him and Mrs. Sas- I
ser while here shows that this pop-1
ularity has even grown greater dur-1
ing the years that havs intervend.
FOLK SCHOOL
The Woman's Club of Brasstown
had an all day meeting on Wednesday,
January 25th, at the home of
Mrs. L. F. Deschamps. It was a
quilting bee, and a number of willing
hands made rapid progress. A delicious
dinner was enjoyed by all,
followed by a short business meeting.
Saturday night, January 28th, the
annual busine^ meetings of the
Brasstown Savings and Loan Association
and the Brasstown Farmer's
Association were held at the John
C. Campbell Folk School. Next Saturday
night, February 4th, the annual
meeting of the Mountain Valley
Creamery Association will be held
at the Folk School.
F. Hensley C. Smith
Davidson E. Smith
DRAMATIC CLUB
From the members competing for
parts in the play "The Man Who
Died At Twelve O'clock" (written by
Paul Green, a North Carolina dramatist),
which is to be used by the
.Murphy High bchool in the State
wide Dramatic meet at Chapel Hill,
the following were chosen: January
Evans?"Budgie'* Brendle; Sally
Evans?"Sis" Parker; Charles McFarlane?Nelson
Hensley. This is a
folk play showing the negro superstitions
and life. Its setting is laid
in Eastern North Carolina.
It is interesting to note that Miss
Irby, the club director, has sponsored
winning plays in this tournament
before.
Following the business meeting the
following program was given by
Laurie Hamilton's group: Greensboro
College Players:?Hauldren
Payne; The Actor's Presence?Buel
Adams; Piano Solo "Liebesfreud" by
Grace Bell.
"Budgie" Brendle
PICTURE MEMORY CONTEST
The rules for the picture memory
contest mentioned in last week's paper
as follows:
Each child will be expected to know
1. Name of picture.
2. Name of Artist.
3. Nationality.
4. To write.
(1) Something about the life of
one of his famous artists.
(2) Something about one of his
favorite pictures, telling in his own
words why it appeals to him. High
school pupils will be asked to describe
some of the art qualities of
the picture which give it significance
and true beauty.
The papers will be judged on:
1. Appearance.
2. Correctness.
3. Originality and Expression.
4. Content.
List of pictures for 6th and 7th
grades will be published next week.
aft ?
entially Rich Terri tor^min This Stai
1933.
JUDGE WALTER E.
MOORE DIES FROM
A HEART ATTACK
Noted Jurist, Widely Known
Parsed Away In Asheville
Monday
Judge Walter E. Moore, 76, of
Sylvajudge of the Superior court of
the 20th district and former speaker
of the lower house of North Carolina
General Assembly died at his
apartment in Asheville at 3 o'clock
Monday morning due to a heart attack.
The veteran jurist had been
*-n ill health for some time. He had
moved to Asheville about the first of
January to conduct courts in the 19th
district.
Last rites were held at the Sylva
Methodist church on Tuesday afternoon.
Interment las made at Webster
near Sylva.
In 1893, Judge Moore was elected
a member of the North Carolina ,
house of Representatives from Jackson
county. This honor came to him
again in 1899 and in 1901. In the
last term of his legislative service, [
Judge Moore wa? chosen as speaker
cf the house of representatives. He !
was one of the few western North
Carolinians to win such an honor.
No one from this section has served
in that capacity since his 'retirement
from the general assembly.
Judge Moore was born in Huncombe
county on October 14, 1856.
His lather was William Hamilton
Moore, the grandson of Captain William
Moore. His mother was Mary
Gudger MooVe.
Judge .Moore obtained his training
at Sand Hill academy, an institution
which played a large role in the educational
life of western North Carolina
a half century ago. From this
school, young Moore went to Greensbo'ro
where he studied law at the
private school conducted by Dick and
Dillard.
Returning to his home he was admitted
to the practice of law b?fore
the Jackson county bar. He established
his first office at Webster,
where he lived continuously until he
moved his residence to Sylva a number
of years ago. Judge Moore won
distinction as one of the ablest lawyers
in this section.
At the conclusion of his career in
the general assembly, the jurist resumed
the practice of his profession.
He returned to public life in 1926
when he was chosen as judge ot the
superior court of the 20th judicial
district.
Aside fiom his professional duties,
Judge Moore has devoted much time
to education and Masonry. He was
active in the founding of Western
Carolina Teachers college and in 1897
was honored by North Carolina MaL-Anrv
Kf'inff namui! (i*ron^ moctor
'y J "J wv'"6 b'""u ?
a position he held for two 'years.
Judge Moore was the oldest living
Past Grand Master of the Masonic
lodge in the state. While Grand Master,
he laid the cornerstone of the
Vance monument on Pack Square in
Asheville.
Judge Moore was married to Laura
Enloet daughter of Captain W. A.
Enloe, in 1883. (Mrs. Moore died in
July, 1921.
He is survived by the following
children: Mrs. Eugene M. Bearden
and Mrs. Holmes Bryson, of Asheville;
Miss Hannah and Miss Dorothy
Moore, of Sylva; and Tom .Moo're of
Chattanooga, Tenn.
Judge Moore was a member of the
Presbyterian church, having at one
time been a member of the Asheville
chutrch.?-WiJynesviHe Mountaineer.
WOLF CREEK
Times have quietened down here
it, j- i L J .i
MI ice uisiuruanctr uuwu un me
Creek last week.
It rains so much that our farmers
have not been able to do lpuch plowing
so far.
The flu has gone from our community
and our people have reason
for rejoicing for it did not cause a
single death jgnong us, although more
than seventy-five percent of our people
had it.
The .heads of fifteen impoverished
families got to work three days on
our public roads last week .
The unusual winds of the latter
part of last week tore off a lot of
shingles and paper roofing from a lot
of buildings in pur community.
Mr. Alvin Cole is having a now
home built, neifr his father's home.
A few weeks ago Harvey Gaddis,
with his family, moved to Hewits,
N. C.
lit
te
$1.00 YEAR 5c COPY
DR. HEIGHWAY
HAS NEWSPAPER
78 YEARS OLD
"Brother Jonathan" Pre?ent* Quite
k r ? . ti j
v.onir?ti TT?n i nc mwicrn
Newtpaoer
Dr. S. ('. Heighway, of Murphy,
has in his posession a newspaper that
is "8 years old. The name ol it is
'Brother Jonathan," and it was published
in New York by Benjamin H.
Day, April 14. 1855. It v.as published
weekly, and the subscription price
was SI a year.
The typographical make up of the
paper presents quite a contrast to
the modern newspaper, even the
country weekly, but in all probability
it was one of the leading journals
of its day. The quality f the paper
on which it is printed is far better
than the newsprint on which the largest
mteropolitan newspaper are printed*
today, and for its age it has been
remarkably well preserved.
The paper throughout is set in
small type, even to the advertisements,
all single column. The headings
are all set in about 8 point
black-face type, with the exception
of several general headings, such as
"Scraps and Small Talks," "Miscellaneous
Readings," "News oi the past
Week," etc., which a're set in a condensed
or skinny 18 point type. For
instance, under the latter heading are
three columns of solid reading matter
of some twenty different articles
of news, only two of which have any
heading, and that in 8 point bold
type?
The reading matter is well edited,
and interestingly presented. Some
of the items are presented in pa'rt
herewith to give the reader an idea
of the trend of the times 78 years
ago.
For instance. New York had just
passed the 'Maine liquor law, of which
the following is taken from a brief
summary of its provisions: "Intoxicating
liquor, in any shape, must not I
be sold, or kept for sale, except by
regularly authorized persons for
manufacturiiV, medicinal, chemical
and sacramental purposes. It must
not be given away, nor kept at all,
except in dwelling houses not connected
with any shop or place of
dtnusement, in churches, in manufactories,
and in actual transportation."
The eritor thus comments editor
tally r "The cost to the city of New
York for the late jollification at the
Astor House and on Blackwell's Island,
given to the members ol the
Legislature, foots up $5,524. The
bill for the expenses at the Astor
House was alone $4,487. Among
the items were: Music, $81; segars,
$35; oysters, $87 sundries, (very
mysterious item), $239; brandy, $26;
champagne, $217. Immediately after
this guzzling affair they went
hack to Albany and passed the Maine
liquor law. It was tj?e "sober second
thought." What a reaction."
Other a'rticles deal with a "Peace
Conference and War," in Europe,
revolutions in Mexico and Australia,
a battle between the French and
Chinese, a battle between the French
and Russians, etc., which compares
favorably with the news from diffeVent
sections of the world today.
Among other interesting news is
found the following:
'Willie Hester, who had been previously
convicted of negro-stealing in
Chatham. North Carolina, has been
sentenced to be hanged on Friday the
foy'rth of May.
Colonel Lews L. Taylor, clerk of
the First Auditor's office at Washington,
and formerly of Mississippi,
has forged the name of Jefferson
Davis, Secretary of War, to notes
amounting to $20,000 and absconded.
The defalcation of Thomas W.
Hooper, late teller of the Merchants
Hank at Boston, who committed suicide,
reaches $96,000, of which sum
$4.6,000 falls upon individuals.
One hundred and fifty American
troops left New York in the mail
steamer for California, last week, to
join General Wool's Force there;
th'ree hundred and fifty more are to
go in two following steamers, caking
500 in all .
M A QHMQ Vrt MriTT
The regular communication of
Cherokee Lodge No. 146 A.F. & A.M.
will be held in the masonic hall Monday
evening February 6th at 7
o'clock. All duly qualified brethern
are cordially invited to meet with as.
By the order of.
H. S. BOWLES, W. M.