IBURG
The County, Hie State, The Union
LOUISBURG, N. CAROLINA, FRIDAY, DECEMBER 35, 1981
I HNS ON, Editor and Manager
SUBSCRIPTION ?1. SO Per Tear
FIRST NATIONAL
- BANKCLOSES
; ACCOUNT OF RUN MADE BY
DHPOBITORS ON FRIDAY
AND SATURDAY
Officer* Confident It WUl Pay Out
With Practically No Loe? To Any
one ? Condition Considered Henl
??>y ' '.- A.iiJ. ,
The First National Bank of Louls
burg, after having withstood the
atraln of the present depression and
the closing of two other Institutions
of its kind in Loulsburg, ended its
practically thirty years of service to
the people of this community Satur
day afternoon, about 2 o'clock, when
H closed its doors to stem a ran be
ing made by its depositors whose
excitement had been stirred by the
closing of the banks at Raleigh and
Wake Forest and the reported nins
that were being made at other banks
in this vicinity. The withdrawals
began on Friday and made a steady
Increase until the officers deemed It
neceasary to close to protect the re
maining depositors. The officers re
ported that the bank was In splendid
financial condition and will pay out
with practically no loss to any one.
The oWcers were President, W. E.
White; Vice-President and Cashier,
V. J. Beasley; Assistant Cashier, S.
L. Roberson.
At the last statement published as
of September 29th, the bank had re
sources of $438,029.38, and deposits
of $230,838.84. It was capitalized ar
$50,000.00 and had n surplus of
$5000.00.
For a while the excitement was
rather keen, but soon settled down
end business resumed an even course.
The bank is now in the hands of
the Banking Department, which Is
making a complete checking up of Its
standing.
The closing of the First National
bank left Loulsburg without banking
facilities.
HICKS TO MOVE
Raleigh Salvage Co. to occupy L. P.
Hicks Store ? Hicks to Mote to
Store Now Occupied by Fashion
Shop
L. P. Hicks, Lontsburg's oldest mer
chant, announced this week that he
will move his stock of goods to the
store . room on Main Street now oc
cupied by the Fashion Shop, during
the holidays where he will continue
his mercantile business.
He also announced that he had
leased his main building to the Ra
leigh Salvage Co., who will move their
big stock ot bankrupt stocks Into it
after the first of the year.
This Is the first of the business
changes that has been announced for
tne first of the year and will be re
ceived with much interest.
Warehouses To
Open Jan. 5th
THE FRANIfLIN TIMES is author
ized by the LoulBburg Tobacco Ware
housemen to state that the Ware
louses will open for the sale of tobac
co after the holidays on Tuesday Jan
uary 5th, with ample facilities for
the convenient, paying for all tobac
cos offered. The L inconveniences
caused-- by the closing of the bank
will all be fully overcome by that
time. You are Invited to come on to
Loulsburg with your tobacco with
the full assurance of the best prices
to be had and full prompt and con
venient pay for your tobacco.
Christmas . Cantata
A Christmas ?cantata was given at
the Louisbuftf Baptist Church Sun
day night at seven o'clook by ? the
rhoirs of the Methodlat and Baptist
churches Jointly under the direction ot
Mrs. Theo Wooten McCullers, of the
voloe department of the Southern
Conservatory of Music at Loulsburg
College.'
The program wag exceedingly
splendid and bore much of the real
Christmas spirit.
The ohurch was decorated with hol
ly and evergreens and lighted with
. white i candles. To this beautiful at
mosphere wad added the simplicity of
'the vested choir.
The church was filled to overflow*
ing with people ot Loulsburg and the
surronading communities.
v Those who composed the choir were
? Mesdatnes M. Stamps, Jr., F. M. Ful
? ler, Tbeo Wooten McCullers, S. B.
Berkeley, A. B. Perry, R. O. Bailey,
< Forrest Joyner, Alice Uitell, A D.
Wilcox,; W. E. White, Misses Margaret
I Turner,' Be ulaV Lancaster, and Messn.
i Gerald Bryant, W. 8. Tucker, Malcolm
| McSinne, and Dr. H. H. Johnsdn. '
k Mrs. 0. T- Yarborough was organist
6'"it?a?_ i
I
"NOW ! ! WHAT DID I TELL YOU V%
Once again cornea Christmas and Santa Clans, the bright light of love reflecting his approaak He
comes bearing gifts, never failing to reward those who have faith in goodness and love 1b their hearts
for their fellowmen. Merry Christmas is the song of the day and We Jala in singing iii' harmomy ?
"Peace on Earth ? Good Will Toward M,en."
It is in this spirit that the TIMES and its force extends the Season's Greetings to all mMiSt -Wishes
for each the most enjoyable Christmas tide it is possible for yon to experience. % ,?
i " >S*5sT ! ?
Kiwanis Club
Elects Officers
At the regular annual election of
officers tbe Klwanli Club elected thp
following men to guide and direct it
through the ensuing year:
1?. L>. Joyher, President; H. O.
Perry. Vlce-President; Q. M, Beam,
District Trustee; F. W, Wheless, Jr.,
Secretary.
Directors: E. F. Griffin, F. J.
Beasley, C. Hill Yarborough, H. H.
Johnson, S. P. Boddle, W. R. Mill*
and W. L. Lumpkin.
With these progressive and Influ
ential business men in these offices,
and with a constructive program,
the Kiwanis Club will render this
community a much needed service.
Installation of the officers and di
rectors will be on Friday night,
January 1st, at the regular meeting
of thel b.
Some Corn ?
J. H. Sills, one of Franklin Coun
ty's most prosperous colored farm
ers living about I miles northeast
of Loutsburg brought a most unus
ual ear of corn to the TIMES office
this weak. Clustered around the
main ear are nine small ears of corn
ktt growing from tha same base and
were enclosed by the same shuok.
John la one of tbe County's best
Farmsrs and says he has corn and
Injunction Waits
Until Next Month
Franklin Controversy Over >300,000
Bond Issue Continued To
January IS
An Injunction against the board of
commissioners of Franklin county
Issuing $200,000 In bonds in financing
tbe operations of the county was con
tinued yesterday by Judg? Walter L.
.'-'mall until January 18 at 1:80 o'clock
In the Franklin county conrthouse at
Iioulsburg before Judge W. A. Devin
Plaintiffs in the case, the Franklin
Ccnnty Tax Payers' Association, were
permitted to Include In the injunc
tion a clause holding up the levy of
a 50-cent tax for debt service.
Continuance was granted on mo
tion of the attorneys for the board
of commissioners, W. H. Yarborough,
Sr., and Hill Yarborough, who said
ihey were not ready for the hearing
as the audit of the books of the coun
ty had not been completed.
Victor H. Bryant, of Durham, at
torney for tbe Frankln County Tax
Relief Association, argued against
continuance contending that no no
tice had been received by him or any
interested client that contlnuanoe
would be sought, and that a reason
able length of tlfae, as provided In
the contract, had been given the ac
countants to complete their work.
Judge Small granted the contlnu- i
a.ice on agreement of the county au- t
tboritlestofurnlsh Mr. Bryant ac- 1
cess to the county records Including ?
' ? -?
certain records now being compiled
by R. L. Steele and Company, the ac
countants making the audit.
Members ot the Board of Commis
sioners of Franklin County are: W.
T. Moss, chairman; W. R. Perry, W.
A. Jones, T. 8. Dean and H. P. Speed.
W. W. Neal, chairman ot the Frank
lin County Tax Payuft' AssocH^ob
i>nd other officers atid. members of the!
association were here to
hear the injunction wp|Wt.-i!fewa
Obaerver.
Raleigh Salvage Co.
To Hicks Building <
The Raleigh" Salvage Co., In an- '
nou'nclng its removal to the Hick's j
building on the corner of Main and ,
Nash Streets at the beginning of the j
new year, state that their business
in Louisburg has been so very satis- j
factory that It is necessary to move t
to a larger store. This they will do ,
after the store has been remodeled In- j
to one of the most up-to-date stores
in this section. Mr. Levy Informs f
the TIMES they will fill the building v
with the biggest stock ever brought r
to Iioulsburg, which insures the peo- t
pie of this trade territory a cut price (
More. In order to save moving so
much stock they are announcing a
Lig removal sale in thjts issue to which 4
rour attention la directed- 1
Sales at the Pitt County curb
narket for the first week ty Decem
>er last year amounted to $59.89. a
DUs year for the same week, the.ti
ales amounted to $114.44. J*
To Close For
Christmas
Business generally will be suspend
ed iri Loulsburg on Friday and Satur
day. The stores will be closed on
tbesf days in order that the clerke
way have a little time to observe the
Christmas holidays.
LIVERSORE? PERRl
Mr. and Mrs. Wtillam Edward Per
ry announce the marriage of their
daughter Katherine Da-vis, to Mr. Gor
don Dexter Livermora of Hudson,
Wisconsin, cm Thursday, December 3
n Washington, D. C.
The ceremony took place in the
New York Avenue Presbyterian
:hurch, Rev. Dr. J. S. Siaoo officiat
es.
Immediately following the ceremony
Kiss Pearle Mount entertained at
Ser in honor of the bride and bride
m in her apartme'nt at the Chaa
leton.
Later Mr. and Mrs. Livermore left
?r a motor trip to New York. They
fill be at home at the Faraday apart
lents in Washington, where Mr. Liv
riore holds a responsible position
the Department of Commerce.
' One hundred and thirty-six 4-H
iut members of Davidson County
lave planted 3,400 black wataat
eedllag tree*. -i ? si.-..
Limestone and lespedeia are re
ponsible for corn yields averaging
rom 40 to 58 bushel* an acre in Per
on County.
NEW BANKING
FACILITIES
Klrat-CltUnu Bank A Trust Co?
Opens Banking Facilities At
Farmers Jt Merchant* Bank? A. -
E. Henderson in Charge
The First-Citizens Bank * Trust
Co., which operates banks at Smith
Held, Dunn, Benson, Clinton, Rose*
Loro and rranklinton, opened aa
Agency at the Farmers A Merchants
Bank building Tuesday morning, ex*
tending banking accommodations,
equal to any ot the cities named to
the citizens atyi business Interests .of
Louisburg. This Institution haa an
Invested capital of 1300,000.00 and
the local agency is In charge of Mr.
X E. Henderson, Cashier of the
Frankllnton branch. Mr. Henderson
Informs the TIMES that If the peo
ple of this community want a bank
l.is Company will be glad to equip
it with an Institution that will be
a credit to the town and community.
The present arrangements are in con
nection with the Frankllnton bank ex
tending emergency facilities to Louis
burg until something ot a more per
manent nature can be established.
The action ot the officers of this
Institution came In a time of much
need to the business of Lulsburg and
will be greatly appreciated.
Mrs. J. S. Place Dead
Mrs. J. S. Place died at her home
rn Kenmore Avenue Sunday morn
ing, after having been a sufferer for
n.any years. She was 52 years of age,
and besides her husband" she Is i sur
vived by three daughters, Mrs. C. F.
rash, Misses Edna Earl and Mamie
Pearl Place, and one son, Mr. Jlm
: i?Te Place." air or l .oiiTsTinrg"
Mrs. . Place -was - a most estimable
woman, and was greatly loved and
? dmired by her many friends and
reighbors. She was patient and
1 pleasant in her suffering, a devoted
1 wife and loving mother.
The funeral services were held
from the home Monday afternoon con
ducted by Revs. D. P. Harris and T.
A. Slkes and the Interment was made
:n Oaklawn cemetery. A large num
ber attended the services. The pall
bearers were E. H. McFarland, W. J.
Cooper, G. W. Murphy, J. S. Howell,
S. C. Holden, L. L. Joyner, O. J. Hale,
Henry Cash.
The bereaved has the sympathy of
the entire community.
Citizens Bank At
Spring Hope Closes
Spring Hope, Dec. 21. ? The Citi
zens Bank and Trust Company here
failed to open its doors today fol
lowing steady withdrawals last week.
Hobart Brantley, vice-president,
raid the directors "thought it best to
close the institution to protect de
positors." He said attempts were un
der way to borrow money in hopes of
ieopening the bank at an early date.
Other officers are R. C. Coppage, cash
ier, and 0. C. Lassiter, assistant
cashier. A sign on the bank's front
door this morning said: "Business
suspended for the day."
The bank had deposits of approxl-.
mately 171,000, its statement of Sep---*
lember 29 showed. It was capital
ized at $40,000, reported a surplus of
$121,521 and had $160,409 in total re
sources. ? - ? ft
Cotton Market
Although the closing of the bank
on Saturday will add to the lncon
i venience of handling the payment
for cotton, r,the TIMES is informed
by the buyers that they have ai
? ready arranged to pay for all cotton
' brought on this market in cash in
i stead of with check as heretofore,
i This will make Tt a great deal bet
i ter for, the fanner as ha will sot
hare to' bother with' cashing a check.
The buyers are ready to purchase
all the cotton brought to Louisburg
at the usual top market prices and
pay for it In cash. Bring your Cot
ton on to Louisburg.
At The Louisburg
Theatre Next Week
The following is the program at
the Louisburg Theatre, beginning
Saturday, Dec(. 26th:
Saturday ? George O'Brien in
Zane Grey's "Riders of The Purple
Sage," also "Mystery Trooper" and
Comedy
Monday and Tuesday, Dec. ,28-29
? James Dunn and Sally lBllers in
"Over The Hill" (To The Poor
house).
Wednesday, Dec. SO ? George
Bancroft in "Rich Man's Folly.
Thursday, Dec. 31 and Friday,
January 1 ? Gary Cooper and Clan
dette Colbert in "Hi* Woman."
ii Midnight Show New Tear"* Eve
Kay Francis and William Boyd in
"The False Madonna."
Saturday, Jan. S ? Tom Keene in
"Pardners." also Myatery Trooper"
aqd Comedy.