Rutherford
County Offers
Unequalled
Opportunities To
Manufacturers
and Others
LOL. XII— No. 20.
jNION TRUST CO.
OPENS BRANCHES
IN COUNTY MONDAY
j_j eaV y Deposits Show Confi
dence in New Banking
Houses — Officials Given
Great Welcome^
granch Bank to Open at Caro-
Jeen March Ist—Spindale
Under Consideration.
Branches of the Union Trust Co.,
... ere opened Monday morning at
Forest City and Rutherfordton, un
it r the plan of extension announced
n The Courier's extra Saturday
norning, whereby the Union Trust
I Company combined with the Cleve
land Bank and Trust company, of
Shelby, and decided to add two
branche offices in Rutherford coun
ty-
Great cTowds thronged the banks,
both here and at Rutherfordton, all
during banking hours Monday, giv
ing welcome and encouragement to
the officials of the Union Trust com
pany. Deposits for both places were
approximately $65,000 on Monday,
and an almost steady stream of
depositors have followed since the
Opening. The coming of the banks
has inspired confidence and has been
a great factor in stabilizing financial
conditions. While, of course, there
[has been a falling off in all business
Lines, each succeeding day sees a
brighter and better condition.
tin an interview with Mr. Forrest
;kridge, Tuesday afternoon, he
st expressed the pleasure of him
lf and associates at the great re
ption given them by the people of
ytherford county, and were deep
grateful. at tfce. Fay depositojs
re showing confidence by placing
2ir money in the new banks. "It
all be our policy to employ locil
ople insofar as practical in the
nk here, and at Rutherfordton,"
stated Mr. Eskridge, "but until we
get over the first rush and better
organized, we will not know for cer
tain just which of the former em
ployees of the two banks will be
kept. However, we will make places
for as many of these faithful old
employees as possible." Mr. Eskridge
further stated that it would be th?
policy of The Union Trust company
to keep all of the money of the
Rutherford county people in the
county and to pursue a sane and
safe policy as to loans, but to aid
in every way and advance loans
wherever possible to the people of
the county in an effort to re-estab
lish normal business conditions in
the county.
Mr. Eskridge also stated that the
branch bank at Caroleen would be
opened March Ist, under the samo
iplan as applying here and at Ruth
erfordton. The question of a branch
bank at Spindale is under consider
ation, but no definite decision has
ps yet been arrived at.
Monday's Cleveland Star, in des
cribing the opening of the banks in
his county, said:
Men Go To Open Up.
President C. C. Blanton, Cashier
'"orrest Eskridge, J. J. Lattimore,
-owery Austell, Clarence Mull left
larly this morning for Rutherford
ounty with cash and hastily print
l stationery with which to open
he two Rutherford units. Just who
till be in charge of the banks at
'orest City and Rutherfordton has
lot been decided upon, but Mr.
reorge Blanton, vice president of
be First National bank, who was
?en this morning stated that two
len from the local organization will ■
b sent to Rutherford county and be j
ksisted by two experienced bankers ,
rom that county. This will give
to men in charge at each place and
tey will be assisted by clerical
?lp secured in those two cities.
Old Banks Not Taken Over.
An impression was giV,en in
utherford county Friday by fcr
ier customers of s the 'defunct
inks that the Union Trust com
iny was entering that county to
like over the Farmers Bank and
vust company at Forest City and
le Rutherford County Bank and
FOREST CITY COURIER
FOREST CITY "ONE OF THE TEN BEST PLANNED AND MOST BEAUTIFUL CITIES INM UT S. A." U. S. DEPARTMENT OF AGRICULTURE SURVEY.
THE COURIER ISSUES
CITY'S FIRST EXTRA
The first extra ever published
j by a Forest City newspaper was
printed and distributed Satur
day by The Courier. The extra
, carried the news of the opening
j of the two branch banks of the
Union Trust Company. News of
j the consolidation of the Shelby
i banks, and of the decision of the
directors of that institution to
I open branches here and at Ruth
erf ordton was received late Fri
day afternoon by The Courier.
It was immediately decided to
issue aii extra, and by ten o'clock
! Saturday morning newsboys
I were on the streets selling them.
; The extra was composed of four
pages.
Many compliments were paid
to The Courier for its enterprise
and promptness in placing the
good news before the public,
j More than five hundred extra
* 4
copies were printed, which were
soon sold by newsboys. Also
copies were sent all subscribers.
The extra did a great work in
j stabilizing conditions locally and
giving renewed confidence.
i
RUTHERFORDTON
! MAY GET NEW
POST OFFICE
Bryson City and Rutherfordton
on List to be Included in
Government Building
j Washington, Feb. IT.—Represen
tative Pritchard is assured by Post
] master- General Piyson
City and Rutherioraton will be in
cluded in the survey of cities and
towns, for new federal buildings,
which will be made as soon as con
i gi'ess passes the Elliott bill, adding
a hundred million dollars to the pub
lic building fund. The' postmaster
j general wrote the congressman t«>
this effect Thursday.
! Preference will be given places that
have sites already acquired. And
Assistant Secretary of the Treasury
Ferry K. Heath writes Representa -
tive Pritchard that Rutherfordton
has such a site and will be includ
led in the authorized building pro -
gram.
Bryson City will have to wait how
, ever, until a survey can be made of
its needs. Rutherfordton will not
have to wait for a survey of its
1
needs.
Trust company, at Rutherfordton
This is not the case. The Union
Trust company is opening new
banks at these places. While they
have made arrangements to use
the same banking rooms and
equipment that were used by the
old banks, but checks on the de
funct banks cannot be honoreo.
These defunct banks are in the
hands of the state banking author
ities and their affairs will have to
be closed up just as an estate is
wound up. The Union Trust com-
pany will act as trustee in receiv
ership for a year or more and set
tle the affairs of the defunct in
stitutions, but this will be an en
tirely separate account and cus
tomers should not allow the two to
get confused in their minds, says
Mr. Blanton.'
Wanted Banks Taken Over.
An effort was made on the part
of the Rutherford county bankers
to get the 'Union Trust company to
take over the defunct, banks, but
this was not agreed upon and the
plan as outlined in Friday's Star
will be carried out. On Saturday,
prominent business men of Forest
City came to officials of the Union
Trust company to urge that the
defunct banks be opened and cer
tain concessions were offered, but
under the existing circumstances,
the Union Trust heads decided to
continue their plans of opening
new banks as branches of the Un
ion Trust rather than "take over"
the defunct institutions.
PUBLISHED IN THE INTEREST OF FOREST CITY A . RUTHERFORD COUNTY
Program.
FOREST CITY, NORTH CAROLINA THURSDAY, RUARY 20, 1930
MUCH INTEREST
SHOWN IN SERVICES
AT CLIFFSIDE
Stephens' Revival Will Con
tinue Another Week or
Two —Large Number of
Converts During
Past Week.
I
_____
______
I Cliffside, Feb. 18. —The four weeks
I the time the Stephens tabernacle
' meetings were to run at Cliffside,
i were up on Sunday night, but there
has been so much good accomplish
ed that Rev. Stephens consented to
continue the meetings another week.
| The tabernacle has been crowded
i every night, a great interest has man
. ifested, and the meetings have been
most remarkable spiritual. Hundreds
§
are reconsecrating their lives a new,
! and equally as many professing
| Christ and giving their hearts to
: God, every night. Some most ia
j teresting conversions have taken
J place. One man who refused several
times, on the invitation of close
friends, to come to the tabernacle
one time, said: "No I'm not going."
| But finally was prevailed upon "to
go just one time." From that time
| on, his interest increased from night
!to night, and he soon began to go
ito the annex for prayer service. On
■ Saturday night he made a full con
fession, and Sunday he went on the
; platform and repeated his confession
|of Christ before the crowded taber
' nacle. Among other things he stated
that he had not been to preaching
i more than two or three times 'in
(thirty-six years, and had it not been
for the Stephens tabernacle meet
ings he, no doubt, would have been
lost. A lady was converted by the
' singing of the Race Path choir,
j which attended in a delegation last
I Wednesday night.
On last Tuesday, the eleventh, a
part of the services "were devoted to
| the colored people, who came in a
j delegation of several hundred were
: present and sang a number of melo
i
, dies. Colored quartettes from Cliff
side, Forest City and Boiling Spring*,
| sang interesting numbers. "The Gos
pel Train," elicited the most ap
plause. One old colored sister got
jinto a pretty full swing of shouting
when the order of the services made
1 a change.
I Wednesday night, the twelfth, the
■ Womans Club of Henrietta-Caroleen.
Avondale and Cliffside were present
in a body Thursday night, 13th, the
entire Cliffside school attended in a
body, and the high school rendered
some interesting songs and '•yells.'"
The tabernacle was tastefully dec
orated with the school colors of pur
ple and white. Every member of the
; school wore the colors, as well as
the ushers and the Stephens party.
i On Friday night Rev. I. L. Year
;by and wife, and Rev. M. M. Bar
rett, and F. W. Hayne, of Greenville,
! S. C., were present. Rev. Yearby in
| some choice and appropriate remarks
, related that he was pastor of the
Baptist church, at Tarboro, N. C.,
six years ago, when the Stephens
■
i tabernacle meetings were there; of
the obstacles they had to content!
with, his misgivings and how he over
came them with a brotherly love for
all pastors, and they got together,
and co-operated for the success of
the meeting.
Saturday night. 15th, the Henriet
ta-Caroleen Twin High school and
the sixth grade were present in a
delegation, with an appropriate pro-
gram of songs and "yells" and con
cluded with an ovation in song to
Rev. Stephens. Caroleen was present
in a delegation also, and quartette
from Alexander was present and ren
dered some splendid music.
Rutherford Youth
Under Bond Of S3OO
Fay Gamble, young white man of
Rutherford county, arrested in Shel
by Tuesday when he attempted to
cash a $72 check on C. S. Thompson
at the First National bank, was
bound over to superior court under
a S3OO bond after a hearing in re
corder's court in Shelby. The bond
was given.
| M Champion Cotton Grower
u- —_______
*3 &k '
Clark Matheny of the Forest City High School, Rutherford County,
has the honor of being the champion cotton grower among North Caro
lina's vocational ag*ricultural students. The picture shows young Math
eny in his cotton field. Yield of 4,280 pounds of lint cotton on five acres.
Clark Matheny Grows 4280
Pounds Cotton On 5 Acres
Wins First Place in State Con
test Held for Members
of Vocational Agri
cultural Classes.
By growing 4,280 pounds of lint
cotton on five acres, Clark Matheny
won first place in the State in the
cotton growing contest conducted for
agricultural students by the Division
.of Vocational Agriculture. Young
Matheny is a member of the agricul
tural class of the Forest City school
Rutherford county, and grew his
cotton As his field practice work, un
der the| supervision of D. H. Sutton,
agricultural teacher,
i The account record shows a
profit of** $5.31.13, or $106.22 per
acre. Cost' items include SIO.OO per
acre rent; SIO.OO per acre for ma
agerial services; $1.50 per acre for
depreciation of tools; man labor at
20 cents per hour; horse labor at 15
cents per hour; picking, ginning,
fertilizer and other expenses at ac
i
tual cost.
Clark used Coker No. 5 seed and
received a liberal premium for his
lint. He fertilized with 600 pounds
per acre of 12-4-4 at planting and
200 pounds of nitrate of soda at
chopping time, following the Tar
Heel Method of fertilization.
This splendid yield gave him first
'place in his district and in the state
in the contest. Hubron Drye of
Stanfield, Stanly county, "won second
district and state prizes with a yield
of 833 pounds per acre and John
Cook of Coi-nelius, Mecklenburg
county, won third district and state
prizes with a yield of 819 pounds of
lint per acre. The Chilean Nitrate
of Soda Education Bureau present
ed these young men with 540.00 for
first; $25.00 for second and $15.00
for third prize because of their splen
did record.
Central High Wins
In Semi-Finals
Rutherfordton, Feb. 19.—The
Central Hi school basketball team,
the Hilltoppers, defeated the Marion
High school team Tuesday night by
a score of 18-36 to win in the con
ference semi-finals of the west. This
team will play Black Mountain \Ved
nesday night at Central High. The
winner of the , Black Mountain-Cen
tral Hi game will play Hickory Hi
school in the finals.
MAKES BIG HAUL.
Deputies Jim Marlow and Obf.
Cobb and Constable Wes Smith made
a big haul in the Sunshine section
Monday* when fthey captured two
men, a big copper oil burner still
and 800 gallons of beer. The two
men, whose names were given as
Devinney and Kanipe, were released
under bond.
IMPORTANT NOTICE.
See page two, of section two,
for our annual statement. W. H.
Owen, Manager Metropolitan Life
Insurance Co., Forest City.
NEW OFFICERS
ELECTED FOR THE
INDUSTRIAL BANK
Mr. J. W. Smith New Presi
dent—Bank in Prosperous
Condition—lncrease in
Deposits.
A call meeting of the board of
directors of the Industrial Loan and
Investment bank was held Wednes
day at one o'clock in the bank's of
fices here.
At this meeting Mr. J. W. Smith
was elected president; Mr. G. B.
Harrill, vice-president and cashier
and Mr. Charles Crowell assistant
cashier.
The cashier's report showed that
the bank was in sound financial con
dition, and that there had been a
substantial increase in deposits dur
ing the past three weeks. The board
expressed its appreciation to the
supporters of the institution in For
est City and elsewhere for their sup-
port given during the recent finan
cial crisis.
The Union Trust company was
designated as a depository for the
Industrial bank.
NO STATEMENT
FROM EXAMINERS
Have Not Finished Going Over
Books of Defunct Banks
in The County.
j Mr. W. S. Coursey and assistants
;are still going over the books of the
six banks closed in the county, and
.was not in a position to give out any
| statement when appuoached by a
Courier reporter yesterday.
In the opinion of one of the ex
aminers, a statement in full will be
ready some time next week.'
The Union Trust Co., will be
named as trustees for the liquidation
of the banks.
CANCELLED CHECKS
| Quite a few of our business men
j have been confronted with a novel
I situation since the closing of the
| banks, in that they have cancelled
checks which did not get through
the clearing house and paid before
the banks were suspended.
In the opinion of a local banker,
these checks will be given special
consideration by the liquidators and
paid as preferred claims.
Hold your cancelled checks and
do not draw a new one until the
matter is settled.
Mr. and Mrs. Frank Lee, of Polk
ville, and Mr. and Mrs. Hardin Lee,
of Lincolnton, and Mrs. D. C. Roll
ins, of Shelby, spent Sunday here
with Mr. and Mrs. M. E. Dorsey.
Miss Viola Randal], of Shelby, was
the week-end guest of friends here.
24 COLUMNS
SI.OO Per Year in Advance
DR. D. W. DANIEL
IN HAPPY ADDRESS
TO KIWANIANS
Witty Clemson College Pro
fessor Convulses Audience
Monday Evening.
Coming just at the time of depres
sion in business circles, the meeting
of the Kixvanis club Monday night
was an event that made all forget
their cares and spend an evening of
enjoyment listening to the sparkling
wit and goodly philosophy of that
prince of speakers, Dr. D. W. Dan
iel of Clemson college, and all went
away refreshed and better prepared
to resume their business relations.
He seemed to be at his best, and kept
the audience convulsed with inimi
table jokes, interspersed with the
most charming quotations and word
painting along a more serious vein.
Along with all his fun, the witty
Doctor discoursed on "The Joyful
Life" in a manner to make all glad
ithey were alive. "All can be happy,"
said Dr. Daniel, but advised that to
do so, one should not want what he
! could not get. "To lead a joyful life,
cultivate a love of the beautiful,"
i advised Dr. Daniel.
"Sorrow comes to all, but keep it
down. One rules over all; leave it in
His hands. Troubles bring- out man-,
hood; those making- good had to
conquer trouble." Many good points
were brought out by the speaker a
long this line.
At the conclusion of his talk, Dr.
Daniel was roundly applauded. It
was a rare treat to hear him and ali
were cheered and benefitted by hi?
oratory. - r
Notes of the Meetings-
It was ladies' night and many ot"
the fair ones were present. Sixty--
one plates were served and the ban-,
quet hall was appropriately decorat
ed.
Much amusement was created dur-
ing the banquet when, as a part of
the program, a "shotgun wedding'"
was performed. The groom was
Marshall Giles, who at the point of
a shotgun in the hands of an irate
father, represented by W. L. Brown
was compelled to marry M. H. He
witt, posing as the blushing bride.
The officiating minister was R. C.
Alexander, who was a riot in the
role.
Of course, the "orators" of the
club, Dalton and Duncan, were con-,
stantly bobbing up to make merri
ment with their pretended quarrel
as to who should have the floor and
do the most "wind-jamming."
Chas. Erwin read a witty paper,
having Dalton Bros, as the butt of'
his joke.
The speaker of the evening was
introduced by Dr. A. C. Duncan.
"Mine Host" Blanton is to be con
gratulated upon the arrangement of
the tables, the splendid service, the
decorations and the excellence of the
meal.
It was a splendid meeting and serv
ed a more usetul purpose in cheer
ing the drooping spirits of those
present and bracing them for the
task of re-establishing a normal con
dition in our temporary business de
pression.
Local Men Apply
For Radio Licenses
Two local young- men, Geo. Dorris
Tate and Adrian Wilkinson have filed
application with the Department of
Commerce for an amateur radio
transmitting station. Mr. Tate has
already taken the examination for
operator.
They will broadcast on the short
wave band around 21 meters, using
phone, they will be capable of com
municating with any country on the
globe.
OYSTER SUPPER.
On next Saturday, Feb. 22nd, in
the building recently vacated by the
Magness Music Store, the W. H. and
F. M., Society will sell oysters, fried
or stewed; home baked cakes, sand
wiches and pies, and home made
candy.
1 6 Pages