I- fACE FOUR
fHE BEAUFORT NEWS THURSDAY. SEPT. 17, 1931
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The Beaufort News
,ubliahed every Thursday at Beaufort, Carteret County
North Carolina
Beaufort Newt Inc., Publisher
WILLIAM GILES ME BANE Pres. and Editor
SUBSCRIPTION RATES
(In Advance)
One Tear $2.00
Six Months 1.00
Thre- Months .50
Entered as second class matter February 5, 1912 at the
jostoflice in Beaufort, North Carolina, undsr the Act
of March 3, 1379.
MEMBER NORTH CAROLINA PRESS ASSOCIATION
THURSDAY, SEPT. 17, 1931
The bank failure at Morehead City last
week seems to have created as little excite
ment as any that has ever happened any
where. It was discussed considerably for two
or three days. Now one rarely ever hears it
mentioned.
Judge Sinclair holding court in New Bern
said that the books of all counties should be
audited from time to time by outside auditors.
A Craven county grand jury said that no mon
ey is available now to make an audit. Pos
sibly if there had been more audits there
might be more money.
should all be thankful that we are living in a
land of plenty, of milk and honey so to speak.
CONGRATULATIONS ARE DUE
The News desires to express its congratula
tions to the depositors, stockholders and offic
ials of the Beaufort Banking and Trust Com
pany for the splendid manner in which it has
come through the trying ordeal of the last
few days. The failure of a bank in Morehead
City and another failure here a few days later
was enough to jar the serenity of any bank.
The Beaufort Banking and Trust Company
has moved along with scarcely a jar. A few
drew out their money but many new accounts
have been opened and some who drew out
their money brought it back after thinking
the matter over. The business men in Beau
fort almost to a man are standing back of this
banking institution which they know is one of
the greatest assets the town has. Our pre
diction is that this bank instead of losing de
posits will show a steady increase and be
stronger than ever.
Letters From
Our Readers
IFAVORS SIX MONTHS SCHOOL
Editor of The News:
Only a few words about our coun
ty and State affairs. Carteret Coun
ty during the past few years after
taxing the people for more than their
nronertv was worth get in debt by
issuing bonds for different things th(j pagt
Mansfield 1 1-3 lots Morehead City,
for ?253.
D. H. Lewis and wife to H. L. Ang
ley, 200 acres Straits Township, for
$1000.
Curtis Gillikin and wife o H. O.
Straits Town-
! Children's Lodge with beautiful rit
ualistic work and good times.
I The Tent-Hive will be organized in
the same hall at 8 p. m. The Tent
Hive is a new organization of the
Maccabees, which admits men and
women and is proving to be very pop-1 Whitehurst, 3 tracts
ular. The Maccabets are the oniyjfhip, lor ?iu.
Fraternal organization in this section
that admits men and women on equal
basis in the same lodge.
The Maccabees has had a mens or
ganization here for the past 25 or 30
years, which has been very active in
Mr. J. E. Turner of Nor-
H. O. Whitehurst to Curtis Gilli
kin, 2 tracts Straits Township, for
$1.
W. H. Stewart and wife to heirs
of W. H. Stewart 1 cart road, Straits
Township for $1.
Emma W. Lupton to Charles Sty-
for $5.
Charlie Styron and wife to Ade
laide Day 3-4 acre Cedar Island
Township, for $10.
MOREHEAD CITY SCHOOLS
OPEN FOR FALL TERM
A. J. Maxwell, who also wants the Demo
cratic nomination for Governor says he is op
posed to any tax increase of any sort. Now
theer is a plank that ought to be popular; but
not necessarily so. Most of us do not object
to seeing the other fellow taxed just so we escape.
SAMPSON'S CREDIT IS GOOD
It is refreshing to note that even in these
hard times that credit in some counties in
North Carolina remains good. Not many have
tried to issue bonds recently but we notice that
some have done so successfully. Sampson
county, one of the big agricultural counties of
the astern section, recently sold a bond issue
of $175,000 bearing interest at five and a quar
ter per cent. Moreover the bonds brought a
premium. The purpose of the bond issue was
to fund certain debts of Sampson county.
BRITAIN BALANCES HER BUDGET
For a very long time London has been re
garded as the financial center of the arth. The
Bank of England was a sort of financial Rock
of Ages on which much of the business of the
world leaned. The British naturally are proud
of the high rank their nation has held in the
financial world and so when a great run start
ed on the Bank of England and danger threat
ened tjheir whole financial structure British
leaders became alarmed and took action to
meet the situation.
The program announced by Chancellor of
the Exchequer Phillip Snowden to save the na
tional credit is based upon two factors; reduc
tion of expenses and raising taxes. Neither
of these appeals to everybody but they seem
to be sound. There is to be a reduction in
salaries of public employes anda cut in the
amount paid to the unemployed, the "dole"
system so called. There is to be some reduc
tion in naval expenses and other economies of
one sort and another. On the other hand tax
es on incomes, tobacco, beer, gasoline, thea
tres are to be increased. In the United States
there is no Federal tax on small incomes. In
the British islands single men with incomes f
fie hundred dollars and up are taxed. Married
men pay on incomes from seven hundred and
fifty up and the bigger the income the high
er the tax. Chancellor Snowden said in his
speech in the House of Commons that with the
proposed changes in effect the budget would
be balanced and British credit saved.
THE BANK FAILURE
The voluntary closing of the Bank of Beau
fort is greatly regretted by the editor of this
newspaper as we suppose it is by every right
minded, intelligent person in the county. The
failure of any business institution is regretable
and this is particularly true of banks Not on
ly those who happen to be depositors are hurt
but the psychological effect on any community
so affected is bad. - ; .'
The News happens to know that a brave
fight has been in progress for a year or more
to keep the Bank of Beaufort functioning. We
feel that the people of Carteret county owe a
debt of gratitude to the board of directors and
other officials of this institution and particu
larly to W. A. Mace its president for what
they have done. During the trying times of
last year, which were worse than than now,
i i i ... . ,
wnen uanns were iainng an over tne coun
try the officials of the Bank of Beaufort kerjt
the bank going, hoping to bring it safely into
the harbor. Although not a large stockhold
er in the bank Mr. Mace has at a sacrifice to
his own business given his time and thought
to this most difficult problem. The fact that
they were not successful in keeping the bank
afloat detracts in no wise from the fine public
service which these men have performed.
The past twelve months has been a very
trying time on banks in North Carolina and in
fact on banks in many parts of the country,
especially in the agricultural regions. There
were many failures last year and some this
year. There are several reasons for this con
dition. One is that people do not have much
money to put in banks, another is that some
who have some money have become afraid to
deposit in a bank. Another trouble is that
the banks have been carrying a great many
"frozen" loans chiefly on farm lands and city
real estate. Ordinarily these loans on land
are regarded as first class security. At present
owing to the depressed condtiion of real estate
such loans are not considered very desirable.
Eventually this condition will pass away. Even
now eminent financiers are advising the pur
chase of good farming lands. At present pric
es real estate, in country or town, is a good in
vestment and anybody who can buy will make
a handsome profit more than likely. The en
hancement of real estate values will of course
be a great benefit to the banking business as
well as to other lines of business.
such as building road and fine school ifolk ya gtate jianager will be here ron 1-4 acre Cedar Island Township,
houses and was aoout to go mto -e'an(j wiu nave charge of organization,
hands of receivers whtn they kneWMr H E Rickgi Djstrjct Manager,
that they had to make t. change inand Mr? Bart,ara M. Morton, Asst.
some way so they hollered out let !rjjstrjct Manager will assist him.
the State take over the schools and; Mr Rieks and Mrs Morton have
the roads to relieve the county i jspent much time here during the past
That expense in order that it might jweek3 jn tne interest of the organi
pay off some of its debts. So thezation Tney jjve jn Kinston the
state took them and said it would on- headquarters for Eastern Carolina,
ly operate the schools the extra two Refreshments will be served after
months on the county debts, for ithe organization of each group.
months is plenty long to send chil-
dren to school even if it did not REAL ESTATE TRANSFERS
cost any thing to run the schools. It
looks like we ought to have just asj Florence E. Brinson tt al to Lil
sensible men in Carteret County as lian Leonard 35 acres Wnite 0ak
there is in tne atate uui n ceruumy Township, for $100
don't look like it now or at least
they don't act like it when they get
a little county office.
Now the county has a tax collec-
W. C. Gorham Com. to J. M. Wil
lis, 1 lot Morehead City, for $100.
Austin E. Ball et al to Jimmie M.
Willis. 8 lots Morehead Citv. for
1 J 1L. 1 ' '
lor ana mr. cnapmun aues vne sller"1250
iff's work so won't you please tell R Hardy and wife to y A
me what the sheriff is for, why not Bedsworth( 4 iots Morehead City, for
let the sheriff collect the taxes as $1200.
they have been doing here before I w . Y Rnllmi -if tn rrn
and some the extra expense of a tax Ballou, 1 lot Morehead City, for 810.
A LAND OF MILK AND HONEY
Recent reports emanating from official
sources are to t effect that the output of
honey in North Carolina this year is unusually
large. In this respect honey is not different
from many other products of the fields and
forests. Nature seems to have outdone her
self. Not only in North Carolina but all over
the United States, excepting possibly a few
spots here and there, a bountiful harvest of
crops of all sorts is at hand. Not only have
the yields of the great staples like cotton,
wheat, corn and tobacco been unusually large
but the lesser crops have also yielded in great
abundance. Such a super abundance of cot
ton has been grown that we actually Jiave the
remarkable spectacle of lawmaking bodies be
ing convened in several states to make laws a
gainst raising so much of this great staple.
Juding from what we have seen in Carteret
county and some of the adjacent counties, this
has been a year when any thing in the way of
seed put in the ground has yielded prolifically.
It began in the early spring with the flowers.
Every plant and shrub blossomed most pro
fusely. The fruits and melons followed the
example of the flowers in fine fashion and then
came potatoes and cotton and tobacco and
corn with splendid yields.
, Why this extraordinary productivity this
year we do not understand and have seen no
explanation offered elsewhere. The seasons
have been favorable but probobly no better
than in some former years when no such crops
were made. There must be some cause in
visible to the naked eye. It seems to be the
way rature does occasionally and without of-
Press Gleanings
CROPS ARE FINE
We have traveled over a goodly portion of the last
few weeks, and dont think we have ever seen finer
crops, as a whole, than were grown this year. And
this applies to food and feed crops as well as the so
called money crops. Tha farmers were never in bet
ter shape for "living at home," but money is needed
to pay fertilizer bills and taxes and to keep the au
tomobile going. (Sampson Independent-.
INVESTIGATING TAMMANY
Governor Franklin D. Roosevelt has certainly done
one noble deed, if he never does another. He has ar
ranged for a complete investigation of Tammany,
which U a real man's job. It will beremembered that
the Governor made a faint pass at investigating Tam
many graft a few months ago, but they were too keen
for him and fooled him. Now the governor finds they
lied to him and he has re-entered the fight.
Tammany is that organization which has bossed
most of the Democratic national conventoins during
the past 50 years, but has seldom helped elect a Dem
ocratic president. Tammany has been so well satis
fied with the loot and firaft it has gotten from New
York State and city politics than to rule the conven.
tions, and then vote Republican or not vote at al!.
When the national Democratic Party outlaws Tam
many, it will have a better chance to win. (Williams
ton Enterprise.)
collector even if it comes out of tax
es to pay him why not let the sheriff
colect them and save the people that
expense? Why it looks foolish please
tell me what does the sheriff have to
do?
Now listen this country is going to
jbe ruled by a king and queen in time
to come and not very far off either.
The county is getting so they can't
run tnn nnnnfv hiiainace in o en nnaaa I
MI4 b V. VVWllbJ WUkJlllv ' III a ! V V V JJ- j
ful manner and having to let the state J
taKe charge of some of the things
that the county could run succetsful
if they would and the first thing any
body knows there will only be two
to rule the whole country: Why not'
let six months school do and save ex-1
penses and try to pay old Carteret
county out of debt once more and be'
free. The difference between six .
and eight months school is absolute
ly no good to any body except the
teachers and those getting pay out
of it, for the children can make their
grade in six months just as good as
they can in eight months. They can !
make their grade in six months and j
the other two is time wasted as well i
as a big. expense as they use that time
in playing and not book learning, j
So I want to ask those in charge of j
the schools, I mean those that are '
trying to run the extra two months!
over us to find out if the people of'
the county are willing to it or notj
before taking the authority to run it
by themselves. Well I will close for ;
I am a poor hand to write, I could!
talk it better than I can write. i
John A. Wallace,
Merrimon, Sept. 15.
W. A. Ballou and wife to D. A.
Ballou, 1 lot Morthead City, for $10.
W. C. Gorham Com., to M. L.
Mansfield, 1 lot Morehead City, for
$88.73.
W. C. Gorham, Com. to M. L.
Mansfield, 1 1-2 lots Morehead City,
for 263.12.
W. C. Gorham, Com to M. L.
Morehead City, Sept. 16 The fall
term for 1931-1932 of the Morehead
City Graded School opened here
Monday with an enrollment of 730
pupils. The commercial course has
been included in the school this year
with fourteen pupils. The Home
Economics Department will be taught
by Miss Ada Allen of Newport. Mr.
Charles S. Wallace opened the exer
cises with an inspiring talk of the
part religion plays in the life of the
individual. The auditorium was fill
ed with citizens and parents.
The success obtained with alfalfa
demonstrations planted in Rocking
ham County last fall will cause a
greatly enlarge acreage to be seeded
this fall, says Fred S. Walker, coun
ty agent.
TOO LATE TO CLASSIFY
FOR SALE NICE LARGE PEARS
for preserving, canning and. pickling
50 cents per bushel. Mrs. Pinner.
Howland Farm.
PRISON NEWS EDITOR EXTENDED CLEMENCY
With sad hearts and tear filled eyes the personnel of
the prison print shop bids the editor of the Prison News
good-bye, following his commutation of time granted
by Governor Gardner on August 12.
The News editor was also foreman of the Prison
Print shop and with association of more than three
years with the shop force he greatly endeared him
self to all his fellow workmen.
Starting by writing copy to fill spac for the Prison
News, his "Random Comments" gained State-wide re
pute. Those interested in prison problems, and penal
committees in various sections of te United States,
were anxious to receive copies of the North Carolina
prison raper. And thru fchis ability of giving the pris
oner's view-point, copies of the News have been re
quested by many institutions in different parts of the
country.
The News editor carries with him the very best wish
es of every one here, and all are betting that he makes
THE SMALL TOWN BANK
Editor of The News:
Few of the citizens in a communi
ty realize the enormous value of the
bank owned by the citizens of the
community nor do they realize the
devotion of the officers and directors
m the time and effort they give, with
small, if any, compensation, in the
handling of the bank.
Usually thes tock- in the bank is
held in small blocks and usually ev
en the presidents or directors do not
own enough of the stock to make the
dividends to them, large enough to
pay for even a small part of the
time they give to the bank.
Their efforts are inspired by a de
sire to build up the commuity and to
maintain for the people a service that
is badly needed. They are familiar
with the needs of the borrower and
except in times of distress the per
centage of loans that turn out bad
ly is very small The loans are not
always "gilt edge" from the bankers
standpoint but are based on their
opinion as to the honesty of the bor
rower rather than his money worth.
Hundreds o: people in Beaufort
i ana arcerci county nave been hem-
ed by our banks. Hundreds of them
wiu te helped in the future and if
there has even been a time when the
depostiors and increased citizens
should be loyal the their banks it is
now.
A condition whereby branch banks
from other points are established is
not helpful. Their attitude on loans
is strictly the banker attitude. They
will not help a farmer to make his
crop nor will they help the merchant
that helps the farmer. Good people,
with proper endorsements have no
standing as borrowers. The branch
bank is worthless to the community
as they take the deposits elsewhere!
for investment. j
Let all our people "hold fast to
that which is good" and with patience
and careful management the time will
come when all ef us will be largely
repaid for this attitude.
F. R. SEELEY,
Beaufort, N. C. Sept. 16.
KEG CP NAILS
OL. 1. 1
THURSDAY SEPTEMBER 10, 1931
Publuhed in the in
terett of Beaufort.
Morehead City &
vicinity by the Noe
Hardware Co.
B. H. Noe. Editor
Mr. Tom Tosto
reported a Deer
which he killed on
the 15th, and it
was with Peters Hi
Velocity Shells,
they are $1.05 a
box this season.
We have a 401
Winchester Auto
matic Rifle in good
condition $25.
a wonderful value.
We have a good
single barrel shot
gun $7.95 a
double $18.00.1
$19.50, $25.00,
$36.50 and $56.
25 a gun and a
price for every
one.
We have a reduc
tion on all Hunt
ing Clothes, a Red
Head Cap $1.25
Other clothes in
proportion.
Noe Cycle Co. is
doing a nice bus
iness, they seem to
be selling some
Bicycles also.
We are glad to
see the good spirit,
confidence and loy
alty of the people
toward the Beau
fort Banking &
Trust Co., for the
past few days. No
one seems to be
uneasy.
Boys our Skates
have arrived and
we are giving a
Hockey Stick with
each pair for a lim
ited time $1.95.
Sportsmen don't
forget the new
golf course at the
Villa Hotel and re
member we have a
nice line of golf
equipment.
NOE HARDWARE
COMPANY
Sportsman
Headquarters
Phone
84
Bft.
N. C
. . , i
WELCOME
To all Teachers and Pupils in Carteret
County
Make This Store Your Headquarters For
DRUGS, TOILET ARTICLES, OR ANY
THING IN THE DRUG STORE LINE
JOE HOUSE DRUG STORE
THE REXALL STORE
? PHONE 29
MACCABEES ORGANIZING
A JUNIOR COURT HERE!,
fering explanations. Be that as it may be wl good with a "whoop." (Prison News).
The Maccabees are organizing i
Junior Court in the Junior Order,
Hall, 3rd floor of the Duncan Build- j
ing at the corner of Front and Tur-
ner Streets. The Junior Court is a
C. D. Jones Co.
Everything To Eat -i-
- A Few Samples of Our Low Prices
Pillsbury Flour, 24-lb: 85
"Myown" Oleo or Nucoa, lb. ..17
Lard, lb. . 10
Cabbage, lb .03
Irish Potatoes, pk. . .20
Sweet Potatoes, pk. .20
Apples, pk. ..... i '.20
Phone 45 Beaufort
Quick Delivery Service Anywhere in Town