5,021 People Welcome too to ^ Asheboro, “Center of North (Mina” ISSUED ft, ■'11 ■ ■* _ volume tyiu mm f* u > * . ■— — ■■■■ PRINGIFLESJ NOT MEN ^— Asheboro, N, C., Urtj •• - ■ ay, January 18, 1934. $2.00 A YMgS IN ADVANCE NUMBER 3 To Establish Three Tne *->-7— Tcind and one with vast and unamit «d possibilities and one of vital eon* «ern to Randolph county wee tonne®* ed Tuesday at a meeting in High Toint It is a gigatttie «»1 erosion demonstration program* aovarins^in itially 100,000 acres of -the De** River water sh«l in GuiMord ,#nd Randolph counties and 4,008 ***« in Forsyth county. Expenditure ef approximately $500,000 in developing the program: .tt^antt^stod,'tartar with the enrptoj«Wnfc.«f *°° men -who will be in three COC camps to be Five-Year Will set up. The meeting at High Point - T^eS day was attended by high officials of the United Stabes Soil Erosion Sec vice of the Department of the jto terior, leading citizens of High Point* Sng ^ toe territory to be affected, and Win W. Cto*. tat FrarikBnvjlle, tend W. U Ward, of Ashebore. Taking pwtatoo **** representatives of the North Carolina Department of Conservation and De velopment. A survey of the area to be effected lias been started end wiH be ported Oo eondusioit so that actual develop ment of this stupendous program may be started in the early spring. The watershed of Deep River in cluded in the project extends toore than ftfey mUea. It begins a* Dun county and dtoectty «««**«*■ dolph coupty. Infcafly the project starts ait the origin Of Deep River and extends far down the stream ‘ Polecat Creek Just booth at f"" eo a variety of soils as in Randolph county. Land or soil erosion is the greatest menace to the natural re sources of the United States. Speaking of the program Tuesday, Dr. W. C. Lowdermilk, vice director of the U. S. Soil Erosion Service t(3 ©cl v> building is under going a rather'thorough cleaning this week at the hands of the G. W. A. workers. About ten men, some white and some colored, are busily.engaged in scouring floors, washing windows, and otherwise cleaning the accmmulat Bank Of Seagrove To Pay Depositors And Quit Business Orderly Liquidation Of The Bank Under Way By Permis sion Banking Commissioner Has Served Purpose Community Well Served By The Institution Whieh Was Found ed During The Year 1920. The Bank of Seagrove, at Seagrove, Richland township, Randolph county, is liquidating, under permission of Gurney JP. Hood, state commissioner of banks. Officers and directors of the bank are confident that not only will the institution pay depositors 100 cents on the dollar, hut also that stock holders will get their stock in full. The Bank of Seagrqve, according to statement published elsewhere in this issue of The Courier, has plenty^ of assets to pay off its depositors in* full.' A large part of the assets is represented in cash On hand and due from other banks. The little more than $10,000 in notes due the bank is said , to be good to the last dollar. In fact, the bank, even during the de^ pression, has never loSt a cent in notes,, bad checks or in any other man ner. This was due, of course, to care ful, conservative management and toe class of people with which the bank did business. Organised in 1920, the Bank of Sea grove has served a good purpose in its territory. It brought the facilities of ibahkhqjr directly to a prosperous community, and had its share in build ing the community to its present state of stability and prosperity. The bank has never made any large sums of money, but it handled the business which came to it in such a manner as to safeguard the bank's interests and also tiwt of the stockholders, deposi tors and clients. The bank closed whin the banking holidays in the nation was declared, but opened when the ban was lifted. But when federal insurance of de posits came along and Iftade it neces sary to increase the capital stock to $26,000, the stockholders «nd com munity are said to have felt that they were not la need of so great facili ties. Therefore, being liquid, ‘ the fan*directors and officers decided the A. C, Karris, cashier of the hank, has proved to be a good bank of ficial and has had from the begin ning the entire confidence of both of ficers and directors of the bank, and also of the people of the community. Like bank cashiers in small towns, he has shared in the community’s joys and sorrows, helped men said women on their feet financially, at the same time keeping true on the trust im posed in him as custodian of the community’s funds. Officers of the hank are Frank All man, lumber dealer and manufactur er, president; D. A. Comelison, mer chant, vice president; and A. C. Har ris, cashier; Directors, in addition to the officers; are J. F. Garner, W. R. Williams, E. B. Leach and C. E. King. J. G. Steed Gets Good Appointment Under CWA Work J. G. Steed, of Mt. Gilead, well known in Randolph county as well as throughout the Piedmont section of the state, has been appointed execu tive head of the North Carolina Emergency Council. Mr. Steed had the indorsement -of Senator Josiah William Bailey for the appointment, while Senator Reynolds backed John Devane, of Fayetteville. Mr. Steed will have a responsible position and will receive his salary from the- federal government. He will devote his entire time to his duties, and will likely have his of fice in Raleigh. Mr. Steed will be rdquirad, among his other duties, to keep in touch with the activities of local relief agencies and super vise in general relief .work in the state. He will also disseminate such factual information as to the recovery program as will be sup plied from Washington. Will Broadcast Play Honoring Birthday General R. E. tee r Church Ca roles Chris Meetings. am IU boro Hospital, ting; H. C. i Hospital. ,—Biily Watkins, College, spent the his mother, Mrs. nd family spent in High Point, t Welch, of Ashe 5 here Sunday, larsh and Mary ty, visited friends Sunday /with friends Mr. and Mrs. Cola boro, visited relative Misses Georgia j Dean Eulas, of Libe: here Sunday night., Miss Margaret l friends at Greensboj Mr. and Mrs. Lonaj are spending some Mr: York’s parents' Mr. and Mrs. J. W. York. , Mrfirr C. A. Graham is at Randolph Hospital, Inc., Asheboro, for treat ment. She was threatened with pneu monia, but we are .glad to hear that she is improving. \ , Circle Now 2 of the Ramseur Wo man’s Missionary Society, of the Bap* tist church, met with Mrs. G. C, Ellis (Please turtt to page 8) Communi Sunday, At P ry 21, t Union f Singing Weath Fanner, Jan. CWA weaken from Fanner ti ered lget ^eelt peek so have tj more dtoys of g Thenewhoa Raleigh, visited Mrs. J. A. Cox, lammond visited Sunday. tie York, of Texas, time here with afed Mrs, Hil Bingham spent the week end with relatives 4n Tho mas vi He. Estley Kearns aqd Clifford Plum mer, of High Point, visited kinfolks here on Sunday. A. B,. McDonald spent last week with friends at Vass. There will be a community singing it Pleasant Union church on Sunday he 21st, beginning at one o’clock. This narks the close of a singing held here for the past few /weeks by Rev. le/ward Hunt. A number of visiting quartettes are expected to be pre Mrs. Fred Bingham and children, lax and Thad, accompanied by her oother, Mrs. E. B. Johnson, Glenn ohnson, and Miss Imogene Cranford, pent Sunday in Albemarle with. Mr. nd Mrs. Hobson Johnson and Mrs. ennie Lassiter. Miss Leah Hammond and Mrs. !laude Dorsett, and Mrs.