TUMBERTON, N. C, MONDAY, JULY 28, 1924. THE WEATHER FAIR TONIGHT AND TOMORROW VOL. LV —VOL. NO. 48 —SERIAL NO. i SM PAGES TODAY. K3TARt,MMt, F-R!CH WVR <,y . Hi T. LMnNnSnmi!sH.M.MMEr Us MM at Fast MM Baalt Mr. McAllister Resigns to Assume Active Management of His General Fire and Life Insur ance Agency. FIRST NATIONAL ONE OF LARG EST BANKS IN THIS SECTION Mr. Johnson is Successful Lawyer and Business Man—Dr„H .M. Baker Added to Board of Directors. WILL MOVE INTO HANDSOME NEW BANK BUILDING SEPT. 1ST At a meeting of the board of direc tors of the First National Bank of Lumberton Friday of last week Mr. H. M. McAHister tendered his resig nation as president, and Mr. T. L. Johnson, who has for some years been active vice president, was elected in his stead. The resignation of Mr. Mc Aiiistcr becomes effective August itst, at which time Mr. Johnson wiii as sume the duties of president. It is understood that negotiations for the purchase of th estock of Mt. McAHister were completed some time ago, and that as a consequence Mr. Johnson began the erection of the handsome bank and office building north-west corner of Eim and Fifth, now nearing completion, which wiii be the future home of the bank. It was planned to have the new manage ment assume control September 1st, which is exactly 20 years from the date the First National Bank of Lum berton was organized, but owing to the fact that Mr. McAllister found it necessary to assume immediate management of his insurance busi ness, the change will become effec tive August 1st. Mr. McAllister is and has been for many years the general agent for the Jefferson Standard Life Insurance company, and has also conducted a! large fire insurance, business in con- j ncction with his life insurance agen-1 cy. Mr. 'vaB. Townsend, who had! charge of these agencies for Mr. McAl lister,because of continued ill health } found it necessary to give up this) work, and a few days ago went to a! hospital in Philadelphia for treat-! nient. This made it necessary for Mr. i McAHister to assume the manage ment of these agencies in person. The First National Bank is one of the largest banking institutions in} this ^ction, and at the present time ! is a designated depository for the United States Government, tne State of North Carolina, the county of j Rohoson and the town of Lumberton. Mr. Johnson, the new president of i the bank, for the past 17 years 1 as lived in Lumberton, where he has successfuiiy engaged. in the practice of iaw.! being at this time senior member cf! McLeod. He is also identified with several othe business enterprises in' this section, particularly fanning,' cotto mills and banks. Following are the directors: T .L.; Johnson, R. E. Lew s, R. McA Nixon.} Dr. H. M. Baker, A. P. McAllister,) all of Lumberton, G. T. Pate of Pur- j vis and D. C. Regan of Howell,sville ^ township .Dr. Baker is the well known head of the Baker sanatorium; j Mr. Lewis is sheriff of the county and ! a large and successful farmer; Mr. A. P. McAllister is secreatry and treasurer of the National Cotton Mills; Mr. Pate is a large merchant and farmer, being one of the mem bers of partnership of C. T. Pate and Z. V. Pate, trading as C. T. Pate and company; and Mr. Regan is a well known and successful farmer, living near Regan's church, in Howcllsville township. He formerly represented Robeson county in the Legislature. When seen by a reporter this morn ing Mr. Johnson made the foltowing brief statement: "The First National Bank of Lum berton will continue to be operated under the supervision of the National Government. We covet the continued support and good will of the people of this county and section. During the seventeen years I have lived in Lumberton, I have seen ^ha bank grow from an institution of less than a hundred thousand dollars resourecses to resources of approxi mately a million dollars^ "I think the bank has served the community and county well during the past twenty years, and it shall be our primary purpose to conduct in the future an institution th^t shall be as safe as the government itself, and at the same time to render to one thousands of patrons and friends such service in the granting of loans and accommodations as is consistent with safe, conservative banking. "On September 1st #e expect to move to our commodious modem banking room now nearing comple tion, and this will add materiaily to our abiiity to serve our patrons." Parkton Letter Good Cotton-Growing Weather—A Sure-Enough Railroad Town—S