THE CHARLOTTE NEWS, CHARLOTTE, N. C, SUNDAY MORNING, JUNE 26, 1921.
BRIEFS IN BANK
v,. ..,:,,"r " , ' . . --"if - ;. - , ..,,, - , j
CASEAWAITED
attorneys Here in for Clear
ance Hearing Depart for
Homes as Argument Ends
rsrument on the question of juris
j..;pn in the Par clearance case . con
'Jfc. attorneys appearing in the
wee-Jay hearing here before Federal
judee E. Y. Webb ' Saturday had de
nted for their homes.
Svithin the next four or, five days
hrief? dealing at length with the case,
. i!nc tVio aiitt ftritv iinon whiVVi
,nt1 (i;i""J ' " r
, TPr made various contentions, wilt I
sulimiltea ior cunsiuerauon Dy
Zic'c Webb. These briefs are c-xpect-Vo
be among the deciding factors
f' the decision as to whether federal
f, tate courts shall hear the injunc
proceedings instituted by - North
Carolina non-par banks to restrain
,e K:chmond Federal Reserve bank
;;P!T1 evading the provisions of the
;,a;e par clearance act, permitting
'ar.Uf t1"" charge an exchange on checks.
' whatever the decision Judge Webb
nl2y reach, the initial hearing on the
function is expected to take place
s th-; summer months. Whethei
','4 "hearing results favorably to the
va :;in ft' banks or to th? r;s'rve bank
will be carried to higher court,
-vailing ultimately the Supreme Court
0f the United States, in the - opinion
,-: lawyers and bankers interested in
the case.
INTEREST EXTENDED.
Considerable interest, not only m
-.if state, but throughout the south-
has been attached to the hearing,
i,l 1 ankers and lawyers have been
:v:: close attention to the progress
Z the contest between the North
C..- -:v.:i banks and the Richmond
. "
i inn.
An Injunction is now in effect which
, -; i.lfs th2 non-par-banks to continue
the c ha rare of. exchange on checks and
..; the same time escape inconven
iences necessitated by dealings with
the Richmond Federal Reserve bank
which e:r-:urages the clearance of
elfcks at par.
The injunction will remain in ef
vk if .Indse Webb returns the. mso
the Ft ate courts but it will not be
operative if his decision places, the
hearing in the federal court.
Should Judge Webb bring the hear
in? into federal court he very prob
ably will make an. early announcement
specjyins urne ana piace ior the
'.. arir.g. If the case goes back to the
.-tare courts Judge J. Bis Ray, before
whom it would be heard, may fix a
date .
The hearing of the case on its merits
is expected to produce testimony by
numerous prominent bankers and fi
:ar.cial men of the south and east.
.MANY STANDING BY.
The hearing on the question of
jurisdiction produced testimony from
I'ep-oty Governor C. A. Pepple,- of the
Richmond Federal Reserve bank, and
H. M. Yictom, president of the Union
N'rtionai bank of Charlotte.
Many North Carolina banks, includ
ing of course, all of those which are
members of the federal reserve sys
tem, are standing with the Richmond
bank in the controversy, favoring
and practicing the clearance of checks
a: par. The majority of the banks
vlich are fighting this plan are small
er banks which claim that- the ex
exchange on checks. Restrictions placed
revenue, and that some of them would
be forced to close down with this .in
come cut off.
The North Carolina, par clearance act
authorized state banks to charge an
c(an?e on checks. Restrictions placed
following the passage of this act by
me Richmond bank made the collec
tion of exchange on checks result m
?rave inconveniences, it was claimed,
weeks being returned in cases un-nonored.
DR. LITTLE BACK
FROM OHIO TRIP
Baptist Pastor Says Nearly
o,uuu Attended Annual
Kiwanis Convention.
There were nearly 3,000 delegates
ana between 4,000 and 5,000 visitors at
the International Kiwanis convention
at Cleveland. Ohio, during the past
eek and it was one of the most in
spiring conventions I ever Attended in
ny life." said Dr. Luther Little, pastor
0l the First 'Rantisf- r.ViiiT-rh Sn turvla-tf
afternoon shortly after ariving in Char-
'Otte after attending' the nnnuontinn
Dr. Little and B. Scott Blanton, presi
dent of the Charlotte Kiwanis Club,
i the representatives of the local
at the Cleveland meeting. Mr.
olanton stopped with his family at
fuagecrest. while Dr. Little came on
ftmie to fill his pulpit today.
, One of the features of the conven
n," Dr. Little said, "was the music.
nere were five big glee clubs there
ana they sang together a part of th
body makinnK a truly great singing
"The Canadian Hour of the nrosrram.
a special event, also was an interesting
leatnro Tt i.j 1 t- - I
Montreal, and proved one of the most
interesting things on the program.
.The Kiwanians of the Carolina dis
trict, which embraces North and South
Carolina, will be interested to know
"idi ihomas Arnold, of Spartanburg.
C., and governor of he Carolina dis
trict was made one of the international
trustees. It will also be interesting to
Kiw
anians in this section to knowthat
ne Carolina district made an excep
"onallv good showing in the increase
"lemnershlp."
Although the meeting at Cleveland
"as onlv the fifth annual meeting of
"e national Kiwanis body, the reports
Km-fed that there -are about 50,000
members divided into about 500 clubs.
PLANS COMPLETE FOR
MODERN SEA BATTLE
TV
asnington, June 25. Preparations
e complete tonight for the most
II10'J'rn naval battlo oi'rev fniicbt
The battle will be a test of the two
latest
naval devices.
, ,jne side will be a man with a
:Cl controlling by radio the old bat
"eship Iowa far at sea. He will try
ftVJ'tt?1;ess a fieet of naval' "airplanes,
r'h wiil be seeking the Oowa to
d'n dummy bombs on her decks,
in Iowa wiU represent an attack
8 fleet trying to reach American
1PH and the aviators the defenders.
f( r , .Value f the radio control jdevice
ships, which has been developed by
"5 American navy, will' be under test
well as the value 'of the airplanes
48 naval fighters.
iff V,e battIe take place- Tuesday
ri pton Roads-fore-
Cra in chare ot tne army air
th- t are taking every precaution
there may be no addition to
5Uff.d ri'ady 1&rge number of casualties
neot-td hy the army aviators in con
tarv f Wlth the bombing test. Secre-'jf-n
i ar "Weeks' warning to Major
-neral Menoher, chief of the Army
d rvic. that everything possible
iiifh to Prevent. a recurrence of
Uc Hccidonts also has served to make
nuvil aviators icore caxeful.
t
mm
jJdJlLY
man
The
econ
Week
of
This
T
Sale
Wil
remendous Chain
be an hventtuJ one m Many Respects
y v
ine rnce
Gu
tting ICnife is. Being Wielded.
By
M
aster Hand During This Gigantic
aie an
You Sh
of die Many
Quid Take Advantage
Bargains to
beround
Mere
This Chain Sale Crashes the Prices on
Women's Suits
Serge and Tricotine, all wool Suits, values
to $29.50 at $16
Very fine all wool Tricotine Suits, values
to $65.00 -at 25
A II loffi n 9s Dresses
At a Saving of About Half. Voiles, Organ-
N.
dies, Georgettes, Silks and Crepe
de Chines
The Price Cutter Has Not Considered Cost
Everything in
Shirt Waists
Being Slaughtered on Account of this
Chain Sale.
America Alarm Clocks Monday morning
at 10 o'clock at . . ..... ...... .... 5c
Good Bungalow Aprons, made of good
Percales at 85c
White Wash Gaberdine Skirts at 98 C
One table of Corsets. Special at 95c
SEAMLESS BED SHEETS
81x90 Dan River and Sleepy Hollow seam
less Bed Sheets, recently $2.50 values.
Monday and while they last .... 98 C
WOODBURY AND CUTICURA SOAP
Monday morning 9 o'clock we will sell Cu
ticura Soap .-. ... . ... . . . . '.
Dr. Woodbury's Facial Soap, cake 1 PJp
PA JAM A CHECKS
Ten thousand yards yard wide Pajama
Checks for Monday and while they last,
per yard . . . . . . . . . ... . . . . . . J0c
CHILDREN'S WASH SUITS
Children's Slipover Romper and Creepers,
made of fast color material, values up
to $1.50 at ggg
SPORT SILK
40-inch all Silk Crepe Milano Plaids for
sport skirts, $5.00 values at . . . . $2
TAFFETA SILKS, 98c
One table Taffeta Silks" in navy, black, etc.,
at . .
X.
98c
PONGEE, 75c
12 Mummie Jap Pongee, regular 1.50
quality. Sale price .,. ......
SILK SHIRTING
32-inch all Silk Satin: Stripe Tub Shirting,
$3.00 value . . ......... . . . i . . .
32-inch all silk Crepe de Chine : Shirting
with Satin Stripe, $3.50 value at
20 PER CENT OFF TRUNKS AND BAGS
Monday and this week we will allow 20
per cent off on all Trunks and Bags with
exception of one special lot Suit Cases
marked ...... . .... . . . . . . . .... 98c
RUG SPECIALS; FOR MONDAY
MORNING
Nairn Linoleum Company felt base rugs
in all newest patterns and sizes suitable
for bath rooms, kitchens, dining rooms, etc.
These prices are less than one-half the
original prices and will not last long when
we put them on sale Monday morning at
9 o'clock.
Size 3x4Mj ... . . Qgc ,
Size 4i2x4i2 M
Size 712XIOU. . . .
GOLD SEAL CONGOLEUM BY YARD
2 yard wide gold seal -Congoleum floor cov
ering, per square yard for Monday
morning only .......... . .i. . . 49c
FINE RUGS
In addition to special price we have, mark
ed on all rugs including San'dfords,
:4 Smith, Axminster, Velvet, Taps, etc. , we
' will allow Monday an additional special
10 per cent discount. -
GENUINE MARSEILLES QUILTS
Extra size Marseilles Quilts, beautifully
woven patterns, values that recently sold
up to $8.00. Monday morning and while
they last . . . . . .... ... ..
CROCHET QUILTS, 85c v
Full double bed size' Crochet Spreads gg
Extra size heavy i weight Crochets Spreads,
$3.00 value ; ."i-.'..'.': . ... .... .n; .-- .' ? - 1 .85
MEN'S ATHLETIC UNION SUITS 1 68c
Uncle Sam . and) other welly -advertised
brandstMen'sALthleticUni
i j . . - .-r .: . if r.:
vames at ... . ..... . v . . ; -vf
SILK SOCKS, 25c.
Men's Charlotte made Silk Socks, recently
v ;a 65c value. Sale price r. :
25c
Knox Knit Thread Silk Socks t-.T. 3gc
Full fashion'$1.25 Silk Socks' . . . ... g5c
If You Can't Come Yourself Send Us Your
Mail order. It Will Receive Prompt
Attention. (
CHARLOTTE, N. C.