THURSDAY, JULY 7, 1938
BAFFLED
A clergyman passing a railway
goods yard was shocked to hear
i abuse coming from the other side
lof a cattle truck. J
On investigation he saw two por
ters trying to force a mule into the
: truck. The mule, however, was de
termined not to enter without a
struggle.
"Ah, my good fellows," said the
clergyman, "I see you are haviiig
a hard task. Can I be of assist
ance?" I
"Aye," said one of the porters,
wiping his DersniririEr hrnw. "Tteirttr
a parson, p'r'aps you can tell lis
'ow Noah managed to get two bf
xnese perisners into the Ark?" Tit
.tuts Magazine.
REPORT OF CONDITION OF
THE FARMERS BANK & TRUST COMPANY
of Rockingham in the State of North Carolina
at the close of business on June 30, 1938.
if '"'mi" " ' .
1
TIMELY ADVICE
ASSETS
Cash, balances with other banks, and cash items
in process of collection
J$ 499,924.43
United States Government obligations,
driect and fully guaranteed
State, county, and municipal obligations
Other bonds, notes, and debentures
Corporate stocks
Loans and discounts
Banking house owned, furniture and fixtures
Other real estate owned
Other assets
215,755
144,812
41,318
1,762
266,765
19,667
21,233
13,922
.32
.72
.30
,61
.23
.44
,98
94
TOTAL ASSETS
..41,225,163,02
LIABILITIES AND CAPITAL
Old Doctor You say you cou
find nothing wrong with your rich
patient? 1
Young Doctor Nothing whatever.
He thought he had a serious disease,
but I found no deposits at all.
Old Doctor That's what you
find in your batti? 4ook if you prae
tice that way.
11
Deposits of individuals, patrnerships, and corporations:
(a) Demand deposits $
(b) Time deposits evidenced by savings pass book
(c) Other time deposits
State, county, and municipal deposits
Certified and officers' checks, letters of credit and
travelers' checks sold for cash, and amounts due
to Federal Reserve bank (transit account)
Other liabilities -
616,555.57
301,152.72
8,122.33
66,107.79
6,407.28
15,450.23
TOTAL Liabilities Excluding Capital Account
,$1,013,795.97
it
One on the Lawyers
Once upon a time, so the story
goer, the fence broke down between
heaven and hell. St. Peter ap
peared at the broken section of the
fence and called out to the devil,
"Hey, Satan, it's your turn to fix
this time."
"Sorry," replied the boss of the
lower regions. "My men are too
ibusy to go about fixing a mere
fence."
"Well, then," scowled St. Peter,
"I'll have to sue you for breaking
eur agreement." j
"Oh, yeah," echoed the devil,
"where are you going to get a law
yer?"
Capital account:
(a) Capital stock and capital notes
and debentures .
(b) Surplus
(c) Undivided profits
(d) Reserves
(e) Total capital account
TOTAL LIABILITIES AND CAPITAL
..$ 80,000.00
75,000.00
40,631.13
15,735.92
211,367.05
$1,225,163.02
Dumbness Personified
A recruit railed to salute a cap
tain. The captain followed him jn
ide and demanded: "Don't you rec
ognize the uniform?"
"Yes, sir," replied the recruit,
feeling the captain's coat. "Preljty
mec unuorm ; iuuk ai mis ining mey
issued me.
Hold Everything
Boss What do you want?
Clerk May I use your phone? My
wife told me to ask you for a sal
ary increase, but she forgot to tell
me now muqjh.
Helpful Johnny
Mother Whatever have you done
with the jelly, Johnny?
Johnny I've put it in front of the
fire, because it was shivering.
One Way
"What would you do, GoofusJ
you were running a circus and j
monkeys got out of their cages?'!
"I'd get a monkey wrench and
tighten them up."
On date of report the required' legal reserve against this bank was
$117,863.27. Assets reported above which were eligible as legal
reserve amounted to $499,924.48.
Undeclared dividends on preferred stock and unpaid interest on
capital notes and debentures, accrued prior to end of last divi
dend or interest period $1,041.67.
This bank's capital is represented by $5,000.00 sold to public; 800
shares- of first preferred stock, par value $100.00 per share re
tired at $100.00 per share; and 300 shares of common stock, par
$100.00 per share.
MEMORANDA
Pledged assets (except real estate, rediscounts,
and securities loaned:
(a) U. S. Government obligations, direct' and fully
guaranteed, pledged to secure deposits and other
liabilities , $
(b) Other assets (except real estate) pledged to secure
deposits and other liabilities (including notes and bills
rediscounted and securities sold under repurchase
agreement)
49,500.00
58,000.00
(e) TOTAL
.$ ,107,500.004
ON RELIEF
if
he
"You say you'd be acting aga nst
the ethics of your profession in ac
cepting work?"
"Yes, sir; I'd be stoppin' the Work
from gonv a-beggm', sir."
Speaking o' Speed
The restaurant had taken fire and
Rastus ran for his life. After three
days he returned, and the boss said,
"Rastus, where have you been! aH
this time?"
41 1 , .. . I
Am i Din no place," was the re
ply. "Bin comm' back."
Secured and preferred liabilities:
(a) Deposits secured by pledged assets pursuant to
requirement of law 69,835.95
(e) TOTAL 69,835.95
I, R. L. Phillips, Cashier, of the above-named bank, do solemnly
swear that the above statement is true, and that it fully and cor
rectly represents the true state of the several matters herein con
tained and set forth, to the best of my knowledge and belief.
R. L. Phillips,
L. S. Covington,
M. H. Fowlkes,
Jno. W. Covington,
Directors.
STATE OF NORTH CAROLINA County of Richmond.
Sworn to an subscribed before me this 7th day of July,
1938, and I hereby certify that I am not an officer or director of
this bank.
My commission expires 1-2-1939.
C. R. White, Notary Public.
A
Obliging
"Do you expect that bill you have
just introduced to become a law?"
"No," answered Senator jSor
ghum, "If I thought it had a chance
I wouldn't have introduced it j It
was one of those occasions on which
it seems perfectly safe to oblige a
friend."
n
BABY CHICKS
Place your order now
for baby chicks. Rhode
Island Reds and Bar
red Plymouth Rocks.
Blood tested.
THE GORE COMPANY
Claude Gore
Jno. Wm. Gore
WHAT A CONSOLATION IT IS TO KNOW THAT IF
DEATH COMES, OR FERE DESTROYS,
THERE IS ADEQUATE
INSURANCE
PLAY SAFE. KEEP PROTECTED.
WE INSURE AGAINST ANYTHING, ALMOST.
Take out a 25c policy on any 24-hour trip.
SIMPLY PHONE US.
Richmond insurance
BE WISE
COMPANY
INSURANCE Scrui.
PHON -27
Rockingham , im.c.
J. D. CHALK
President
ROBT. N. STANSILL
Treasurer
A. G. CORPENING
Secretary
i
You want always to be assured of
WHEN YOU BUY GROCERIES
AND MEATS.
You are assured of that very thing
when you trade at the Liles grocery. We
handle Nationally advertised groceries,
fresh meats fruits, vegetables
want your trade. Phone us.
and we
I
metes and bounds as follows:
BEGINNING at a stake on the
western edge of Scales Avenue
in Rockingham, North Carolina,
which said stake is 144.44 feet
from the intersection of Leak
Street arid Scales Avenue, and
runs with the western edge of
Scales Avenue North 8 deg. 15
min. West 50 feet to a stake on
the western edge of said Scales
Avenue; thence South 79 deg. 30
min. West 183.3 feet to a stake;
thence in a southeasterly direc
tion 50.7 feet to a stake, a corner
of Lot No. . 9 said stake being
175.6 feet South 79 deg. 30 min.
West from the beginning corner;
thence North 79 deg. 30 min.
East 175.6 feet to the beginning
and being the same lot conveyed
by Robert M. Covington and wife
May B. Covington to E. B. Morse
and wife Annie E. Morse by Deed
dated June 16, 1937 and recorded
in Book 233 on page 125, Rich
mond County Registry
This, 16th of June, 1938.
JULIUS C. SMITH,
Trustee.
Smith, Wharton & Hudgins,
Attorneys. Greensboro. N, C,
'June 23 SO, July 7, 14)
NOTICE OF TRUSTEE'S SALE
Toy
JLo)o
Miles
Groceries Vegetables Fruits Meats
We Deliver (Established May 7, 1907) PHONES 38 & 37L
NOTICE OF TRUSTEE'S SALE corner; thence with the line of
Lot No. 7 North 79 deg. East
c
If
3L
Relief
"Gosh, I need five bucks arid I
don't know where to get it."
"I'm glad of that. I was afraid
you thought you could get it from
me." The Digest.
Just Reversed
Peter I have had this car
many years and never had a
David You mean you've had
wreck for many years and
had a car.
Poor Jack
Amy So you and Jack are to be
married. I thought it was only a
flirtation.
Angela So did Jack.
for
wreck.
this
never
nis Weakness
Mose Wu2 youall evah fi'ed
enthusiasm?
Sambo Yassuh,fum- nearly
lob Ah evah had.
with
SUMMER VACATION TRIPS & CRUISES
Plan To Go With Tar Heel Tours
"Service That's Different"
1. EVERY MONDAY JUNE, JULY, AUGUST.
7 Day Trip New York All Expense $51.00 Victoria Hotel.
2. BERMUDA-HALIFAX, 9 DAY ALL EXPENSE
Conducted Tour August 11th $115.00 Victoria Hotel.
3. 6 DAY BERMUDA CRUISE
Every Saturday Eastern Steamship Lines.
4. ALL EXPENSE BERMUDA CRUISE from New York via
Furness Bermuda Lines Twice Each Week.
5. New England and Canada Montreal
Toronto Twice Weekly.
Quebec
WRITE
TAR HEEL TOURS
12 n. Mcdowell street, raleigh, n. c
OR ANY
SEABOARD M LM RAILWAY AGENT
Default having been made in
the payment of the indebtedness
secured by that certain deed of
trust to me as Trustee for Pilot
Life Insurance Company by E. B.
Morse and wife, Annie E. Mor3e,
on October 13th, 1937, and re
corded in the office of the Regis
ter of Deeds of Richmond County,
North Carolina, in Book 232, at
Page 74, I will, under and by
virtue of the power of sale con
tained in said deed of trust, and
at the request of the cestui que
trust, and for the purpose of dis
charging the debt secured by
said deed of trust, proceed to sell
to the highest bidder, for cash,
at the Court House Front door
in Rockingham, Richmond County,
North Carolina, at 12 o'clock M.,
on
TUESDAY, JULY 19th, 1938,
the following described property,
to-wit. ;
All that certain piece, parcel or
lot of land, situate, lying and be
ing on the West side of Scales
Avenue in the Town of Rocking
ham, North Carolina, being Lot
No. 8 of the W. L. Scales Estate
Property, according to a survey
and plat of the same made by
James Stewart, Surveyor, on
April 28th, 1936, which said plat
is recorded in the office of the
Register of Deeds for Richmond
County, North Carolina in Book
of Plats No. 3 on page 135r re
ference to which is hereby had
and described by metes and
bounds as follows:
Beginning at a stake in the
western edge of Scales Avenue
in the Town of Rockingham,
North Carolina, which said stake
is 44.4 feet North 8 deg. 15 min.
159.6 feet to the beginning cor
ner, and being one of the lots
conveyed to E. B. Morse and wife
Annie E Morse by C E. Austin
and wife, Thelma Austin by deed
dated Jum 17, 1937, and recorded
in the office of the Register of
Deeds fo Richmond County,
North Carolina, in Bok 233, cn
page 124.
This, 16th of June, 1938.
. JULIUS C. SMITH,
Trustee.
Smith, Wharton & Hudgins,
Attorneys, Greensboro. N, C,
vJune 23, 30, July 7, 14)
NOTICE OF TRUSTEE'S SALE
Default having been made in
the payment of the indebtedness
secured by that certain deed of
trust to me as Trustee for Pilot!
Life Insurance Company by E. B.
' - r i a T ti r
morse ana wne, Annie a. morse,
on October 13th, 1937, and re
corded in the office of the Regis
ter of Deeds of Richmond County,
North Carolina, in Book 232, at
Page 75, I will, under and by
virtue of the power of sale con
tained in said deed of trust, and
at the request of the cestui que
trust, and for the purpose of dis
charging the debt secured by
said deed of trust, proceed to
sell to the5 highest bidder, for
cash, at the Court House Front
door in Rockingham, Richmond
County, North Carolina, at 12
o'clock M., on
TUESDAY, JULY 19th, 1938,
the following. described property,
to-wit :
AH that certain piece, parcel
or lot of land situate, lying and
West from the intersection of , being on the West side of Scales
Leak Street and Scales Avenue, Avenue in the Town of Rocking
and runs with the western edge' ham, Richmond County, North
Default having been made in
the payment of the indebtedness
secured by that certain deed of
trust to me as Trustee for Pilot
Life Insurance Company by E. B.
Morse and wife Annie E. Morse,
on October 13th, 1937, and re
corded in the office of the Regis
ter of Deeds of Richmond County,
North Carolina, in Book 232, at
page 76, I will, under and .by
virtue of the power of sale con
tained in said deed of trust, and
at the request of the cestui que
trust, and for the purpose of dis
charging the debt secured by said
deed of trust, proceed to sell to
the highest bidder, for cash, at
the Court House Front door in
Rockingham, Richmond County,
North Carolina, at 12 o'clock M.,
on
TUESDAY, JULY 19th, 1938,
the following described property,
to-wit:
All that certain piece, parcel
or lot of land situate, lying and
being on the West side of Scales
Avenue in the Town of Rocking
ham, Richmond County, North
Carolina, and lying at the inter
section of Leak Street and Scals.
Avenue "and being Lot No. 7 of
the property of W. L. Scales Es
state, according to a survey and
plat of the same made by James
Stewart, Surveyor, April 28th,
1936, and recorded in the office
of the Register of Deeds for Rich
mond County, North Carolina, in
Book of Plats No. 3, on page 135,
reference to which is hereby
had and described by metes and
bounds as follows: ;
BEGINNING at a stake at the
Northwestern intersection of Leak
Street and Scales Avenue in the
Town of Rockingham,- North
Carolina, and runs with the Wes
tern edge of Scales Avenue North
8 deg. and 15 min. West 44.4 feet
to a stake on the Western edge
of Scales Avenue ; thence South
79 deg. 30 min. West with the
line of Lot No. 8, 159.6 ft. to a
stake a corner of Lot No. 8 ;
thence in a Southeasterly direc
tion 51 feet to a stake on the
Northern edge of Leak St., said
stake being 150 ft. in a Westerly
direction from the beginning cor
ner: thence with the Northern
edge of Leak Street 150 feet to
the beginning corner and being
one of the lcs conveyed by C. E.
Austin and wife, Thelma Austin
to E. B. Morse and wife, Annie
E. Morse, by Deed dated June
17th, 1937, and recorded in the
office of the Register of Deeds
for Richmond County, North
Carolina, in Book 233, on page
124.
This, 16th of June, 1938.
JULIUS C. SMITH,
Trustee.
Smith, Wharton & Hudgins,
Attorney. Greensboro, N, C,
(June 23, 30, Julv 7 14;
Dr. H. B. Humphrey
Registered
Optometrist
Exclusive attention given to meas
uring and correcting refractive er
rors of the eye.
Office over old Bank f ie De.
of Scales Avenue North 8 deg.
15 min. West 50 feet to a stake
on the western edge of Scale3
Avenue, a corner of Lot No. 9;
thence South 79 deg. and 30 min.
West 167.6 feet to a stake, a
corner of Lot No. 9; thence in
a southeasterly direction 50.7 feet
to . a stake, a corner of-Lot No.
7, and 159.6 feet South 79 deg.
' 30 min. West from the beginning
Carolina, being Lot No. 10 of the
property of W. L. Scales Estate,
according to a survey and plat
of the same made by James Stew
art, Surveyor, April 28, 1936,
which said plat is recorded in the
office of the Register of Deeds
for Richmond County, North
Carolina in Book of Pats No. 3
on page 135, reference to which
is hereby had and description by
CLAY C. BELL
ATTORNEY-AT-LAW
Rockingham, N. C.
(Office over Tommy Leak's Filling
Station, Opposite Courthouse
and Federal bide.)
Dr. C. D. Dawkins
Dentist
Office Nos. 10 and 12 on
2nd floor Watson Building.