North Carolina Newspapers

Rutherford County Offers Unequalled Opportunities To Manufacturers and Others VOL. VII —No. 30. A STATEMENT WITH REFERENCE TO FOREST CITY CO. Mr. M. W. Harriss Tells of Origin, Purpose and Rela tion to Farmers Bank and Trust Co. Mr M. W. Harriss, former vice president of the Farmers Bank and Trust Company, makes the following statement to the editor of The Cour ier: i the Farmers Bank and Yii.-t Company, having on hand sev ■ "il nieces of real estate the Direc ts deemed it advisable to organize Subsidiary or Holding Company ,r t he bank in which all stock would e owned by the bank and through r.hich the bank could dispose of its ;i ! estate holdings to the best ad mtage. Therefore, by order of the Board of Directors of the bank, the r-rest City Company, Incorporated, .as organized and incorporated un the laws of North Carolina. In its charter it was £iven pow ers to trade in real eslate, rentals, and other powers necessary in the handling of real estate. The purpose the Forest City Company, incor rated, was to take over the real -rate owned at the time by the utk, or might have t) be taken in 'aier by the bank thr ugh the fore c": sure of deeds of trust held by the ' ank. The bank deeded over to the For e-t City Company, incorporated, all real estate owned by the bank at *hat time. In return for the real es tate the Forest City Company, in corporated, issued both common and preferred stock and executed its promissory notes in sufficient a mounts in favor of rhe bank to cover the aggregate amount of said real estate carried on the books of the bank at that time. From time to time since -Jaftuary, 1927, the bank has had to foreclose several deeds of trust held by the bank and for lack of bidders the For est City Co., Incorporated, had to bid in the property for the bank. Deeds were made to the Forest City Company, incorporated, and it in turn executed its promissory note to the bank for the purchase price. Since the organization of the Holding Company one or more pieces of property have been disposed of and the purchase money received from -aid sale was paid to the bank to reduce its indebtedness to the bank. All rents received from the prop erty held by this Holding Company were used in the payment of taxes, fire insurance premiums on the prop erty, necessary repairs to the pi-oper- and interest on the notes due the ank and a portion of the indebted ness to the bank was reduced from time to time in this manner. Mt\ Harriss states that n 0 salaries, '•'•ages, .commissions, bonus or gifts '•'•ere made or given to him or any ■ ther officer, bookkeeper or employee •' the Forest City Company, incoi'- porated. Mr. Harriss further states that he nor any other person has ever owned any of the stock in the For ~t City Company, Incorporated, but thai it is owned solely by the Farm- Bank & Trust Co., and that he has never derived any benefits or re muneration from said company. His • eing secretary and treasurer of the company being a part of his work as vice president of the bank. From the above statement it will 'jfc seen why the several notes were ' xecuted, to the bank by the Forest ( ity Company, Incorporated, by its secrt tary and treasurer, and should clear up the minds of the depositors T hat no funds were extracted or with irawn from the bank on the notes; hat the said M>. W. Harriss signed he notes of the Forest City Com- as its secretary and treasurer } dered by the Board of Directors of he Forest City Co. MEMORIAL at oak grove. -Memorial services will be held at Oak Grove Methodist church ( ar Ellenboro, on Thursday, May The memorial sermon will be reached at 11 o'clock by Rev. E. Fox, of Marion. There will be tYf.ral other speakers present. There be special music for the occa ;cn. Dinner will be served on the rounds. Everybody is cordially in to come. FOREST CTY COURIER FOREST CITL—"ONE OFF THE TEN BEST AND MO AUTIFTJ L.OTIES IN THE U. S. A." U. DEPARTMENT OF AGRICULTURE SURVEY SHILOH SCHOOL CLOSES MAY 1 Rutherfordton, R-l, Apr. 28.—The commencement exercises for Shiloh school are as follows: Thursday night, May Ist, at 8 o'- clock, the primary grades will give an operetta, "Cinderella". This will be followed by a drama in three acts entitled "An Old Fashioned Mother" by elementary grades. May 2nd, at 3:00 o'clock, declama tion and recitation contest. Award ing of medals. At 8:00 o'clock the high school will give a play, "The Eyes of Love." The patrons of the school and the public are cordially invited. FIRE DOES $5,000 DAMAGE THURSDAY Home of Mrs. J. C. Twitty, of Spindale, Damaged by Blaze of Undetermined Origin. Spindale, Apr. 28.—The home of Mrs. J. C. Twitty, located on Elmore street, was damaged Thursday after noon by fire of undetermined origin, resulting in about $5,000 damage. The fire was discovered about three o'clock, and an alarm was answered by the Spindale and Rutherfordton fire departments. The quick work of these two fire companies prevented a spread of the flames, and had the fire under control before the house was destroyed. The first floor was occupied by Mr. and Mrs. L. A. Austell, while Mrs. Twitty occupied the second floor. Mr. and Mrs. Austell succeed ed in removing all of their furniture, but Mrs. Twitty only saved a few valuable papers, etc. The fire apparently originated near the ground on the west side. The top floor was badly damaged by the flames. The -first floor was' damaged by water. The damage was partially covered by insurance. NEGRO KILLED SATURDAY NIGHT Neil Williams Dies of Gun shot Wounds Inflicted by Boyd Brown. Rutherfordton, Apr. 28. —Neil Williams, negro, aged about 35 years, was shot and instantly killed Satur day night about 8 o'clock near his home, about 15 miles west of here, by Boyd Brown, white, aged 32 years. Lois Lynch, negro, and Jack Mc- Kinney, white, were reported to have been with Brown prior to the shooting and were arrested and lodged in jail here with Brown. A coroner's inquest was held and the jury decided that Neil Williams came to his death from gunshot wounds inflicted by Boyd Brown. Brown at first denied shooting Williams, but later confessed it and stated that he contracted for a gal lon of whiskey on April 20 and paid Williams $4 for it and only got half of its., He said he went to Wil liams Saturday night for the other half and Williams cursed him, and he shot him, but that he was under the influence of whiskey. Brown and McKinney were under the in fluence of whiskey when arrested, according to Sheriff Hardin, and appeared t 0 have been on a drunk. Brown has a court record. Clean Up Week May 12th To 16th Mayor V. T. Davis has proclaimed the week of May 12-16 as Clean-Up Week in Forest City. Mr. Davis states that sufficient wagons will be employ ed to haul off all trash, rubbish, etc., gathered during the week. He es pecially requests that all business places be thoroughly gone over and all trash and rubbish removed from the buildings and premises and neat ly piled so as to make it convenient for the wagons to reach it. Home owners are also requested to thor oughly clean up their premises dur ing the week. PUBLISHED IN THE INTER' >F FOREST CITY AND RUTHERFORD COUNTY Revival services will begin at the Main Street Methodist church Sun day, May 4, at 7:45 p. m. The preaching will be done by Rev. W. B. West, of Hendersonville, N. C. Mr. West conducted a revival here last May, and won the hearts of the people of Forest City, and they still remember him very kindly. There was the most beautiful co-operation on the part of the pastors and members of other churches, and an invitation is extended to all to participate in the approaching series of meetings Members of other church choirs are invited to help make up a chorus for the meeting. County Music Week At Forest City Shelby High School Band Gives Concert Here as Part of Program-—Program for Friday and Sat urday. The Shelby high school band, un der direction of Prof. W. T, Sin clair, gave a concert in the Cool Springs high school building here Tuesday evening. A large number of Forest City people availed themselves of the opportunity to hear this fine musical organization, •vvfeieh v?(xn first place in the state music contest, held in 'Greensboro last week.. This program was a part tf the National Music Week program, which is being observed in Rutherford county. National Music week is be ing sponsored and endorsed i* - % erford county by The Rutherford County Club, the Forest and Ruth erfordton Kiwanis Clubs, The Com munity Lions Club and the various Womans Clubs of the -county. The following program will be given as part of the National Music Week Program, at the -Cool Springs high school building Thursday and Friday evening of this week: . May Ist, Thursday evening 3 p. m f ; Public school night. Director, Mrs. A. M. Glickman. Speaker, Mr. C-. A. Erwin, County Superintendent. Program: Chorus, Sailing, Sailing, Gram mar school, Cool Springs Township. Song: The Robin and children, Pri mary grades; Forest City. Toy Symphony: Caroleen-Henriet ta; Miss Lucile Wall, Director. Piano duet with victrola: Kins cella; Katherine and Russell Blan ton. Vocal Popular Songs: The Keeter Twins; Rutherfordton. Piano: Valse Impromptu; Margaret Logan, Mt. Vernon school. Concert Polka: Janet Morgan, Mt. Vernon school. Three Part Chorus: Song of the Brook, Sixth and Seventh grades; Forest City. "Sail On! O Ship of State:" Boys Glee Club, Forest City. Down, in the Dewey Dell: Girls Glee Club; Forest City. State Song: "The Old North State" School Song—An Army of Stu FOREST CITY, * 1 CAROLINA, THURSDAY, MAY 1, 1930. Will tonduct Revival Services Hip MRS. W. A. RUCKER DIED FRIDAY Funeral Held Sunday at Green Hill—Survived by Seven Children. I Rutherfordton, Apr.. 28. —Mrs. W. J A,., Rucker, aged 63, died at her home {on the Chimney Hock road, five miles 1 west of Rutherfordton Friday mora- I ing after a long illness. I | Funeral services were held Sunday morning at 11 o'clock, at Green Hill ' Baptist chitrch. 1 Mrs. Rueker is survived by ht-r husband, W. A. Rucker., and seven children, as follows:: Mrs. B. K. Hamp ton,, of Green Hill; Henry and Louise 1 Rueker, at home; Ralph and James Rueker, of Rutherfordton, and Clyde Rucker, of DougJas, Ga, One sister, i Miss Hattie Williams, of Rutherford -1 ton, survives, also four brothers, as | follows: Collett Williams, and R. S. | Williams, of Rutherfordton; J. H. j Williams, postmaster at Rutherford jton, and R. L. Williams, of Ashe . ville. j Mesdames J. P. Womble, J. T. [Camp and Rev. W\ A. Ayers have j returned from a two weeks' visit to j their respective relatives in Virgin ! ia. » I _ I " " I dents Are We; County schools. i # ♦ Friday Evening. May 2nd, Friday evening 8 p. m. j Community night, I Superintendent J. W. Eakes, pre | siding. { Two numbers, The Spindale Band, Mr. D. C. Cole, Conductor. Group of Folk Songs: 01' Fav orites, Sung by everybody. Special numbers: Kiwanis Club, Rutherfordton. Avondale Male Quartette. Lion's Club, Cliffside. Kiwanis Club, Forest City. Spindale Male Quartette. Music Club, Rutherfordton. Womans Club, Forest City. Womans Club, Henrietta-Caroleen. "Awakening Chorus;" Chas. Ga briel, County Choirs. Patriotic Songs: by the audience, I Mrs. A. M. Glickman, Director. MEMORIAL AT CONCORD SUNDAY There will be memorial services at Concord Baptist church Sunday, May 4th. Meet at ten o'clock to put flowers on the graves, preaching at eleven, and quartette singing in the afternoon. Everybody is invited to come and bring well filled baskets Mr. Oscar Padgett and family at tended the birthday dinner at Mr. Hollifield's at Bostic Sunday, which was given in honor of Mr. Oscar Padgett and his mother, Mrs. Marvin Padgett. Mr. J* C. Bailey and family spent Sunday at Mr. Louis Neal's at Hen rietta. Mr. W. A. Bridges and family spent Sunday at Mr. B. E. Harrills. JOINT MEETING OF THREE TOWN BOARDS HELD Rutherfordton, Spindale and Forest City Adopt Standard Milk Ordinance—Dis cuss Sale of Public Utilities. Spindale, Apr. 30.—A harmonious meeting of the town boards of Spin dale, Rutherfordton and Forest City was held Tuesday night in the office of Mayor S. E. Elmoi'e, at which time a standard milk ordinance for the three towns was discussed and the proposition of disposing of the public utilities plants of + he three towns was discussed. j A complete representation of all I three town boards were present, also the three city attorneys, j Two representatives of the state j board of health were present, and j spoke in reference to a standard : milk ordinance for Spindale, Ruther ifordton and Forest City. The boards j the ordinance submitted and I effect within ninety days. Copies of i tiie ordinance may be examined at | the office of the clerks of the three towns. The boards took under considera tion the disposal of the public utili | ties plants owned by the three towns 1 Appraisals have been made by Ihe ! Carolina Engineering Company, and 'complete analysis of the value and I earning capacity of the various plants ihave been reported to the boards. ! A committee consisting of the mayor j and one member of each board will jwork out plans for the sale of the I W. L. Horn and Mayor T. Davis will represent Forest City on !the committee. This proposition will be referred to the voters of the three | towns, at a later date, for decision. At a meeting of the Forest City | board of aldermen last Thursday j evening the board granted a franchise a gas cotmpany to install gas l lines in Forest City. Spindale and Rutherfordton had previously grant ! Ed the franchise. Since the gas coro ipany will come into the three towns ; it is deemed unnecessary to operate 'the electric power plants owned by I the towns. 1 ! If the voters of Spindale, Ruther fordton and Forest City ratify the | action of the boards in disposing of 'the public utility plants the proceeds 'from the sales will be devoted to i retiring outstanding /bonds against | the three towns, and paying off in debtedness. Sunshine School Closing Program Bostic, R-3, Apr. 28. —The pro-j \ gram of the Sunshine high school, commencement is as follows: i A program by the grades, Friday! 'evening, May 2nd, at 8 o'clock. Recitation, Declamation contest, j 'Saturday morning, May 3rd at 10.30, o'clock. I j Picnic dinner, Saturday, May 3rd, j at noon. Ball game, Saturday afternoon' May 3rd at 2:30 o'clock. High school play, "Only Sally Ann," Saturday evening, May 3rd, at 8:00 o'clock. The public is cordially invited to attend these programs. Misses Hilda McDonald and Doro thy McDaniel spent Saturday in Charlotte. 72 COLUMNS SI.OO Per Year in Advance HON. J. W. BAILEY TO SPEAK AT HOLLIS AND ELLENBORO Will Deliver Commencement Addresses at Two Schools Friday—Large Number Expected to Attend. Hollis, Apr. 29.—Hon. Josiah W. Bailey, of Raleigh, will deliver the | commencement address at Hollis high school Friday afternoon at 2:30 and at Ellenboro high school Friday even ing at eight o'clock. Hon. Clyde R. Hoey, of Shelby, i will present Mr. Bailey Friday at | Hollis. Mr. Hoey will also deliver a s short addresa, ! The Rev. Dr. Luther Little, pastor ; of the First Baptist church, of Char, j lotte, delivered the baccalaureate ser. jimon at Hollis Sunday afternoon at ,three o'clock before a large audience. |Mr. C. O. Kuester, secretary pf the ! Charlotte Chamber of Commerce, ac -1 compamed Dr. Little and made a j short address. The remainder of the commencement program was given Monday, Tuesday and Wednesday evenings. ! Mr. Bailey's commencement ad j dress will bring to a close one of the most successful terms of school ever held in Hollis. Hollis high school has eleven members in the graduating class this year, as follows: Rev. C. 'C. Crow, president; Louis Buford, jMcCarson, vice president; Charles | j Kenyon Withrow, secretary; Mattie I Lee Campbell, Effie Irona Davis, j Viola Gamble, Mattie Lee Gettys, Oia 'Gettys, Clara Lee Gordon, Laura Mae I Erwin and James Blaine .Tones. The Ellenboro school is nearing | the close of one of the best years in jits history, according to reports from i the superintendent. Progress has been I ! made in every department of the ■ | school. The community has cooperat >! Ed in all the undertakings of the I! -'chool, and have aided greatly in l '-making l,bftitehaaLa ' j The elementary department has al ; ready presented its part of the com -1 mencement program and the hign j school will begin its program Thurs . day, at which time class day exercises will be held. ' * * ; | Friday afternoon Miss Rogers > i music department will give its an j r.ual musical recital. On Friday even [ ing Hon. J. W. Bailey will deliver , 1 the annual commencement address. j Graduating exercises will be held on same evening, just before Mi. 1 Bailey speaks. ? ! On Saturday night, May 3, at 8 o'clock, the agricultural department ■!' of the Ellenboro school will present lj "Aaron Slick from Punkin Crick".. n la comedy in three acts. ? i ; MR. WM. MARTIN :! DIED THURSDAY Conduct Funeral Friday For Holly Springs Citizen Who Passes at the Age of 84. I Harris, R-l, Apr. 28. —Funeral jservice for Mr. William Martin, aged 84, was held in the Holly Springs ' Baptist church Friday afternoon, at tw 0 o'clock. Rev. M. M. Ilunt : ley was in charge of the service,, assisted by Rev. B. Mi. Hamrick and , Rev. T. M. Hester. Interment was ?r« the Holly Springs cemetery. ! Mr. Martin died Thursday after a long illness. He is survived by his j widow, four sons and a number of | grandchildren. The sons are Messrs. J Gus, Alonzo, Grady and George Mar ; tin, all of this community. S The pall bearers were Messrs A. ;E. Smith, Memory Roach, J. C. I Splawn, L. G. .Allen, J. J. Splawn. and Ralph Green. | The beautiful floral offering was borne by the following: Misses Allie Martin, Florence Martin, Alice Pin tuff, Blanche Martin, Avie Splawn and Bernice Splawn. The deceased was a faithful and consistent member of the Holly Springs Baptist church, where he had been a member for a number, of years. Miss Euthia Neighbors will leave Friday with a party from Spartan burg, S. C., on a trip to Washington, D. 0.. Mrs. Bernice Arnold, County Supervisor of Education will chap eron e the party. 1 2 Pages