Newspapers / The Courier (Asheboro, N.C.) / June 4, 1925, edition 1 / Page 6
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is ; CAIN IN BUILDING AND LOAN ASSETS IN 1924 Associations In Fifth District Show Good Gain For Year. The assets of the building and loan associations m Asheboro gained $93, #81.97 last year, and helped finance •9 new homes. The associations in Asheboro are a part of the fifth dis trict group of building and loan asso mations which comprises the counties •f Randolph, Alamance, Caswell, Da vidson, Forsyth, Guilford, Rocking ham, Surry, Stokes, Wilkes and Tad kin. The combined assets . of the building and loan associations in this district are $14,396,345.98,, a gain af $2,333,255.89. After paying to shareholders approximately four and m half million dollars in matured and withdrawn stock and profits, the as sociations in this district made loans In the amount of $4,500,000.00. 1637 new homes were built through the aid of the associations in this dis trict Practically every association in the district shows a substantial in crease in assets, High Point leading with $547,945.35 and Winston-Salem jo a close second with $539,239.31. The problem of educating the gen eral public—that is the non-borrowing public—to the advantages of the in vestment feature offered by these ■ fculdiHg and loan associations is a slow and tedious process. The steady growth by the associations, however, would indicate that this is being ac * aomplished. If the great amount of money which is lost annually by in vestments in worthless stock could he turned into our building and loan associations, there would be very few demands for loans which could not be met. When it is considered that the average interest yield for money in vested in Building and Loan stock in 1924 for the whole State is .05928, or nearly 6 per cent, is this not a very attractive investment? The associa tions offer facilities for saving in almost any amount. Everywhere the associations have a greater demand for loans than they can fill, which would Indicate that the great mass of iomeseekers understand and appro bate the advantages of building and ban loans. MORE THAN FORTY FAIRS IN THE STATE THIS YEAR More than forty county and inde pendent agricultural fairs, not count ing community shows, will be held in North Carolina this year. Greater in terest is being taken this year in the fairs by both the management and the people than ever before in the History of the fairs. Not long ago any kind of a fair could be held and gotten by with. This time has pass ed. Larger premiums are offered now and the exhibits are bigger and better. Following is a list of the dates and places of fairs to be held this year in this section of the State: Randolph County Fair, Asheboro, September 22-26. Chatham County Fair, Siler City, October 13-16. Central Carolina Fair, Greensboro, September 29-October 3. Mebane Four-County Fair, Mebane, September 15-19. Sandhill Fair, Pinehurst, Oct. 27-30. North Carolina’s Death Rate In 1923 the total number of deaths 3t North Carolina was 32,396, or 12 deaths per thousand population. In the United States the death rate was 1ZA per 1000 population, or slightly higher than North Carolina. Graham county had the lowest rate in the State, only 16 deaths, or only X2 to the thousand population. Bun combe had the highest death rate with 18.8 per thousand, accounted for by numerous hospitals for tuberculosis and other ills located in the county. Randolh’s death rate was 11.4 per thousand population, total number of deaths 369. Other nearby counties were: Davidson, deaths 348, death rate 9.3; Guilford, deaths 1,116, rate 12.9; So wan, deaths 507, death rate 10.9. FARMER NEWS Miss Kate Dorsett, who has been leaching in Durham, is spending a / 3ew days at home. She will leave the latter part of the week for Kenans vSle, where she will be one of the in structors in the summer school. Mrs. H. L. Brower, of Atlanta, Ga., and Miss Nannie Bulla, of Asheboro, spent a short time in Farmer on Sun lay. Mrs. Brower is well remember jd by the older people of this section, laving taught music in the old Far Acadeqny when Capt. Frank Siler principal. r. Lewis Dorsett and family, and u. E. N. Howard, of Mt. Gilead, were Sunday guests of Mrs. Roxana Dorxett. Messrs. Edwin Fuller and Thurlow Kearns, of High Point, were guests •f Mr. M. F. Skeen Sunday afternoon. Rev. G. W. Clay and family are vis relatives near Lenoir this week. Mrs. J. H. Kearns, Miss Jaunita earns and Mr. Alton Kearns visited r„ and Mrs. B. M. Cheatham at Quarry on Friday of last Watson, of Greensboro, last Saturday looking property of Mr. i SEES DEMOCRATIC VICTORY Senator Simmons is confident of great Democratic gains in the Con gressional elections in 1926. He be lieves that tvar between the White House and Congress has left the Re publican administration “all shot to pieces”. If the Democrats approach a con trol of the next Congress, he says, as he believes they will, the result will practically assure a Democratic vic tory in 1928, even if they fail to com pletely change the complexion of the house and senate in 1926. Affirms Belief The General Assembly of the Pres byterian church in session in Colum bus, Ohio, last week brought to an end to the fundamentalist modernist controversy in the Presbyterian church by affirming the virgin birth and other Biblical miracles as a neces sary qualification of one to enter its ministry. A commission, however, was named to study the matter and report back to the next General As- , sembly of the church. Henry M. Williams Dead News has been received here of the death of Henry M. Williams in Plant City, Fla., on May 10th. Williams was 75 years old at the time of his death. He was born in the Sandy Creek sec tion of this county and lived there for years. After his marriage he moved to Cedar Grove township, where he lived quite a while. He moved to Asheboro and lived here some time and later moved to Moore county. From Moore county he mov ed to -Florida. He has a number of relatives and friends in this county, who will regret to learn of his death. Buttermilk Stops Fire Four gallons of buttermilk were used by Berney Wade, colored, to put out a fire which was destroying his cabin in Caswell county last Friday, when the fire was discovered spread ing in the attic the water pails were empty and there was nothing but but termilk handy. Wade poured this on the fire and checked its progress un til water could be brought. To Pay Debts Two nations, France and Italy, have taken decisive action to pay their war debts to the United States. Frtlnce has appointed a commission to study the matter and take decisive ac tion. Italy has taken a definite step to reach a funding agreement with the United States. France owes this country over four billion dollars and Italy over two billions. Great Britain has already funded her debt. May Operate Refrigerator Ships News from Detroit states that Hen j ry Ford believes he has solved the problems confronting his projected plan to buy and operate Government ships. This plan is to operate refrig erator ships to Florida. On the voyage South the ships could carry Ford cars and parts and on the return trip be loaded with fruit for the northern markets. This would enable him to cut down overhead expense. Wholesale Grocers North Carolina has a wholesale gro cer for every 51 retail groceries. This is the statement made at the conven tion last week in Washington by a company in Chicago that has been compiling figures on the number of wholesalers in all states in the union. This is one reason given for the keen competition in the grocery business in the State. Bearing Fruit The “dry” drive in the vicinity of New York is not confined to wafer. Six members of the coast guard force have been sentenced to jail for smug gling liquor themselves, and three others have been given 90 days each for intoxication. In all, 19 members of the Coast Guard service have been in prison for various offenses con nected with the prohibition laws. So the “drive” in part has made a dent among the very agencies charged with enforcing the law.—Charlotte Observer. ~ TELLS DOHENY COMPANY TO SURRENDER LEASES Federal Judge McCormick In Decision Scores Fall and Doheny. The Doheny companies were order ed last Thursday by federal judge Paul B. McCormick, of California, to surrender immediately the leases they hold on the Elk Hills Reserve oil lands in Kern county, California. These leases were made to the Do heny companies by Albert B. Fall, Secretary of the Interior under the ; Harding administration. In handing down his decision, Judge McCormick scored E. L. Doheny, oil magnate, and former secretary Fall. Judge McCormick’s decision is a sweeping victory for the Government and emphasizes nearly all the points made by the senatorial investigators into the Teapot Dome scandal, as a result of which the Government de manded, in a trial held last October, the restoration of the Elk Hills leases Doheny received through Fall and former Secretary of the Navy Denby. One hundred and five typewritten pages were consumed in the decision and in several places Judge McCor mick, noted for his courage and inte grity, pays his respects to Doheny and Fall in scathing terms. The payment of $100,000 by Doheny to Fall was characterized in the decis ion as “against good morals and pub lic policy”, and further defined as a “fraud on the United States, rendering void all contracts.” Other points noted in the decision I were: That when Doheny received the $100,000 note from Fall he knew it would not be an enforceable obliga tion. '' That Doheny knew when he paid Fall that the latter was ready to leave the Government service and accept a position with the Pan American Pe troleum and Transport Company. That President Harding’s order transferring the granting of naval oil leases from the Navy Department to jthat of the Interior was in excess of his power as President of the United States. That Secretary Fall was active in procuring the transfer of the oil lands and dominated the negotiations that preceded the contracts. That Denby was passive and took no active part in the negotiations. If also held that one of the Pearl Harbor construction contracts was awarded to the Doheny company “without competitive bidding,” and in conclusion declares that all the Do heny contracts and leases are “null and void and not effective.” 1 _ SOPHIA, ROUTE 1, NEWS Messrs. Jim Millikan, of Oklahoma, and Troy Hoover, of Greensboro, were at Marlboro Sunday. Miss Doffie Davis, of near High . Point, is spending a few days with her i aunt, Mrs. Eliza Williams. Mr. and Mrs. W. M. Brookshire 1 spent Sunday afternoon with Mrs. Martha Brookshire. ! . Mrs. Mary Loflin and * daughters spent Friday in High Point shopping. EDGAR NEWS Oscar, the little son of Mr. and Mrs. John Spencer, is ill with typhoid fever. T. J. Davis and family visited Mr. and Mrs. James Davis at High Point Sunday. Miss Clara Davis returned Sunday from Speneer where she taught school the past winter. \ Mr. and Mrs. W» B. Ridge, Mrs. B. F. Ridge, and Mr. and Mrs. N. E. Da Vis went to Winston-Salem to hear Billy Sunday last Sunday evening. Miss Mary Newlin, of Greensboro, returned to her home here recently. 6 6 (S is a prescription for Malaria, ChUls and. Fever Dengue or Bilious Fever. . It kills the germs. Honor those who are sons with a 1 mating memorial. We can furnish tombstones from Sg.MHpp- Write for ffree tombstono catalog. THE SPOTLESS GO** HCEHM VI IT WILL RAIN SOME DAY %*. ' ----:-• : l Lawn Mowers * N ' V Garden Hose Sprinklers * Scythe Bladfes \ Snaths v ••• * , A Good dace To Get Hardware ——— school Expense The total currant expense of the public schools in North Carolina city ami rural for the- year 1923-24 was $19,078,656.85, of 'which $16,174, 721.14, or 84.8 per cent, was paid for teaching and supervision; $519,356.13, or 2.7 per cent, was spent for admin istration; and $2,384,579.60 was spent for operation and maintenance. In the rural schools 84.6 was ap plied for teaching and supervision, 3.2 per cent for administration, and 12.2 per cent for operation and mainten ance. - In Randolph county the amount paid for teaching and supervision was $99,480.41, or 92.5 per cent; $2, 365.60, or 2.2 per cent, for adminis tration; and $5,654.77, or 5.3 per cent, for operation and maintenance. Malaria Cure for Brain Decay A German doctor has announced that he has succeeded in curing pro gressive brain paralysis by infecting the patient with artificial malaria. The same treatment, he says, will cure social diseases. In the treatment, ap parently the fever germs kill off the paralysis germs. The doctor uses malaria germs because they are not fatal and the disease can be kept in check. Scientists and physicians the world over are watching this German doc tor’s experiments with interest. If his statement is true he will have succeeded in relieving humanity of one of its terrible plagues. rTutfs Pills—i Enable Dyspeptics to eat whatever they wish. Cause food to assimilate. Nourish the body, give appetite. DEVELOP FLESH KEEPS YOU ROBUST THE VITAMIN-TONIC Scott’s Emulsion OF PURE COD-LIVER OIL “My Goitre Is Gone” Gained 35 Pounds. Relieved of Choking, Smothering and Ner vousness. An Operation prevent ed. ' Mrs. Bettie Tracy, Peterscreek, Ky., says she will tell personally or by let ter of her relief by Sorbol-Quadruple, a colorless liniment. She had to sit up in bed and fan to get her breath. She had goitre nine years. Manufactured by Sorbol Company, Mechanicsburg, O. Sold by all drug stores. Locally at— ASHEBORO DRUG COMPANY STAY YOUNG Lack of health, strength and en ergy shows itself in lines in the face, flabby flesh and lack of muscular activity. LEOMARDl’S ELIXIR FOR THE BLOOD builds health, strength and energy. It keeps the flesh hard and firm, the eyes dear and bright. It puts color in the cheeks, a sparkle in the eye and flesh on the body. It is the ideal tonic. Stay young by using LEON ARDOS ELIXIR FOR THE BLOOD. It invigorates and strengthens the whole system, makes rich red blood, acts gently on the liver and kidneys. Insist on LEONARDI’S. Refuse all others. At all druggists. STANDARD DRUG COMPANY * . . Asheboro. N. G * ? OLD SORES, PIMPLES BOILS, RASHES EASILY HEALED BY LICARBO BETTER THAN ODINE SOLD BY ALL I/RUGGIS J S STANDARD DRUG COMPANY Asheboro, N. C I THE RED STAR BUS LINE | leave; high point I 8:00 A. M. j 9:30 A. M. 11:00 A.M. t ; 1:00 P. M. 2:30 P. 4:00 P. M. 6:30 P. M. -*-?---—_ MAKES CONNECTIONS AT HIGH POINT FOR WINSTON-SALEM, GREENSBORO, THOMAS VILLE, LEXINGTON AND SALISBURY. C. Lr PIERCE & SON LEAVE ASHEBORO 7:00 A. M. 9:30 A. M. 10:45 A. M. 1:15 P. M. 3:15 P. M. 5 :15 P. M. Beautiful . Comn Brought to this new shoe store especially for commence ment occasions, many attractive styles in foot-dress for girls and young women. The latest models, all wanted. leathers and colors. Considering the splendid quality and the overshadowing styles prices are exceptionally reas onable. Visit *‘Our Juvenile ,,4 Quality §>hoe §tor^ ^ a rnr n ' WALLACE FREEMAN, Manager High Point, N. C. “We will sell just 100 lots in. Latham Park at the low first prices. ,We de vised this registration system so as to give everybody, as far as possible, the same fair chance." J. E. LATHAM. V At Once For Choice of 100 First Price” Lots' I * * Great interest has been aroused by the announcement of Latham Park, and great approval is expressed of the registration system, whereby the sale of 100 lots at first low prices will be put, insofar as possible, upon the basis of “first cpme-first served.” All of which indicates that Mr. Lath^n’s predictions will be “Justified—the first 100 lots wfll lie snapped up, and the purchasers of these first 100 lots will be due for substantial profits. an. . Tiiere can be no question as to the value of the property in an exclusive residential park, only four minutes from ™e center of town, lying between Fisher Park and Irving1' Park, Latham Park will be built up and sold out fast enough. There will be no undue haste about dosing out this development. It will be handled in the way which th.e Latham Company knows, by experience, will best conserve and build up values.. And so not more than One-third of the property will be sold at test prices. lhe registration plan expresses and carries out this intention. No one who.registers iscom peli«; to take a lot. Registration merely puts you in line for a choice, and these first 100 .choosers will have the pick of the property. This sale began June 1. You merely register your name and address and do not bind yourself to anything. Registrants will be shown over the tract inorder of theirregistration numbers insofar aspossible. Places of those who may drop out will be taken by those next in line. REGISTRATION MAY BE MADE BY MAIL, BY PERSONAL CALL AT OUR BY TELEPHONE. REGISTER NOW! Hi \
The Courier (Asheboro, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
June 4, 1925, edition 1
6
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