Newspapers / Gastonia Daily Gazette (Gastonia, … / Gastonia Daily Gazette (Gastonia, … / Jan. 7, 1921, edition 1 / Page 7
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Tl i GASTON IAD A1CTTGA2TT PACK SBVIH n "Dollars like men get lonesome, They never like to be alone But they all get industrious and happy, With a Savings Account for home." How about those dollars you have been wasting? We pay interest on them. Open a Savings Account, add to it from week to week, we will add the interest every three months - and be fore you know it you will have a nice balance. "It Pays The Citizens Natl Bank GASTONIA. N. C. Capital $300,000.00 Surplus $300,000.00 KU KLUX KLANS. Statesvillo Landmark. From time to time for tin' j;st year or HO publication has been iii;i.lt of t lie or ganizat ion of Ku K lux Klaus at various points in the South. The organization has recently invaded North Carolina and Klans liave lieen organized in Raleigh, Oxford, Henderson, Wilson, Rocky Mount, and attempts are being inadi' to organize at other points. It is denied that the organization now being put on under the famous name lias any purpose to stir racial feeling or disturb tho col ored people, or that the purpose is to do anything improper or to operate without the law. Nevertheless the organization of this order is cause for concern. It will lie admitted that anybody has a right to organize a secret society, or to join one, and call it by whatever name appeals. It may be that this so-called Ku Klux Klan is really a very tamo and ordinary secret society -whose promoters have chosen the name to excite curiosity and add to the membership, which will incidentally add to the salaries of the or ganizers. Hut, the name leaves the im pression that the Klnn is to act in a rcg ulatory capacity in the community in which it operates; that its membership will censor the conduct of the community and administer such correction ns may be deemed necessary, under such mysterious processes ns will create a healthy respect for the organization. This view is some what strengthened by the Wilson inci dent, where an editor who made mild criticism of the alleged purposes of tho organization, was ordered to drop that line and pri.it such material as was fur nished him. There are many abuses that need cor rection which the ordinary processes of the law do not reach. White-caps, Ku Klux or regulators under various names have on occasions done splendid work when drastic remedies are needed. Hut everybody familiar With the history of iieh organizations knows lli.it tho abuses perpetuated always in the end exceed the good. The first Ku Klux Klan was me esasry to preserve civilization and it served a necessary purpose in a troublous time when the arm of the law was practi cally powerless. Hut in the end it de generated into common criminal prac t'vos, cruelty and a reign of terror that en. laagered the lives and property of all who did not do its will. Any sort of organization that, attempts to act in a regulatory capacity without the law is dangerous and should be discouraged Regulators and vigilance committees can find real work, but they should be organ ize,! and conducted in the open as a i , 1 s to the enforcement of the law. Spain raises .-ihout 10.000,11(10 sheep to supply its woolen industry. J. H. KENNEDY & CO., THE GASTONIA MILL SERVICE Dodge Steel Pulleys, Pioneer Steel Hangers, Leather and Rubber Belt, Packing, Lamps, Hose. Phone 286 CLEVELAND CULLINGS. The Star. The many friends in this county of Rev. Lee Milinde White will be interest ed to learn that he has resigned bis pas torate of the First Raptist church at Chester, S. ('., and will go to Kinston, the loth of February. Rev. Mr. White wus pastor of the First Raptist church of thi.s place for a year or more, going to Chester in 1!M7. The Cleveland Springs bridge gave away under the weight of a heavy truck several duysjago and the bridge was made impassable for two days. This bridge is in a dangerous condition but has been repaired temporarily. It is understood that the commissioners will have a new floor laid over the entire bridge. A merchant of the county calls atten tion to the fact that he is exchanging a bushel of corn for a dozen eggs, this le ing the first time in the memory of any merchant that markets were so out of proportion. Fggs are too high and corn too low, but when a man eats a dozen eggs now he has eaten the equivalent of a bushel of corn. Miss Tnylor who has been one of our most efficient teachers this year in the primary department of the graded school has resigned her position here to accept the more lucrative position as superin tendent of the Rutherfordton graded school. Miss Sallie Packard of thi.s place, will supply Miss Taylor's unex pired term. Within the past two weolcs, three sets of twins have been born in and near Shelby. Mr. anil Mrs. I.awson A. Caha nis.s living just north of Shelby are the proud parents of a boy and girl, Iiwight and Hright. Mr. and Mrs. (). I.. Eu banks of Shelby are the parents of twin boys, both of whom are doing well. We have previously mentioned twin ho s born to Mr. and Mrs. I.. C. I!,,-t of Shelby. Congressman Civile R. Hooy inNi letter to The Star says the free distribution of garden seeds by the government has been grea'ly reduced and there will be no general distribution this year. Only those who apply will receive them and all applicants should be forwarded to Mr. Hoey at Washington, I. C not later than .l.i":: ,' 15. If t-.re .-'looid ! rnor applicitii ns than the ipm'a al!. :: ! ' .r this district, they wi'l be filled in the order in which they are received. A chance ns:ik:!i,r de :c latin' all coins features new s'..t machine for selling newspapers. For h n i r. 'i 1 1 paa-ons .i K-.n invented a j.itoI tha !iN gas instead of bullets. l vine Druggists, Gastonia, N. C. SUPPLY COMPANY 117 South St. to Save. DON'T FORGET . to join our CHRISTMAS SAVINGS CLUB Now Forming. Save a few cents each week to keep the worries away. A few dimes, nickels and pennies will keep the payments up. You'll never miss the dribs. But when Christmas comes you will have the money. JOIN TO-DAY! "DON'T FOR- GET." You'll Be Happy If You Save. The First National Bank ' GASTONIA, N. C. "The Bank of Dependable Service." ABC of FINANCE A BANK CATECHISM By STUART-H. PATTERSON Comptroller, Guaranty Trust Company of New York (Note: This article is the third of a short series of question; and answer form, designed tn jOeM iit in simple form s line of the fundamental principles of banking without attempting to cover all of the technical ramifications. ) 11,'is a bunk any other functions besides receiving money on deposit lind paying checks drawn against it ! A. Yes. One of, the principal func tions of a bank is in loaning out its funds to facilitate business operations. A brink also performs manv other func tions, such as collecting drafts and checks for its customers and correspond ents, in other cities, without which facili ties it would be almost impossible to conduct business. It also supplies the machinery for collecting the money for our vast export business, and without the banks' help it would be exceedingly difii i ult for the farmer or the manufacturer to collect bis money for the crops or pro ducts shipped to foreign countries. Q. How is this export business handled? A. The foreign exchange business is coin' lii ated and presents many phases, but possibly the reimbursement for a shipment of cot ten from the I'nited Mates to England will illiitra'e the transaction most simplv. A cotton sjiiniii r in Kngland, desiring to buy cut ton in this country, first goes to a local cotton brnk'T or import merchant in I.iv- "jiiiii! and informs him of his -special re quirements. This broker gets in tou h u:a exporters in this country by .a!'1.-, s.-. ores a firm offer at a fixed price an I submits it to the nut n n f.-o t urer. If they agree, the purchase is ionfirim I and the manufacturer then goes to h:s ban!: in l.ivi-ieol or' London and estai.jish.-s a credit for such amount as In' e-'iinates will be sufftcii lit to . over the pur. i a-,, ho is about to make. As a rule the reim bursement is 'io days' sight drafts n'i Knglisi i.aeks !...-i,g drawn in I'liii'1 IS'erling, which is the English currency. The e;i-ir'er or shipper of cit'on in the I'l.i'cl Mat' s must ure ( ' ii . ! 1 St ales i u rroii' v for saeh sh i ,:. i; ' - , settlement . a n I wade wit , . f,,Mi.-r '.VlIO COUld POt a.,, tile Engl'sl, ei'tel -v. The exporter tin rofore sells ii" ..- Kngiisli drafts .i s une batik .'i New York, New Orleans. Host.. a or Pbilad.-I p!;ia. or ho may sell to a b-a! nank aa i 'in' local kill's se.i to oi '' the k ia f Ii !;i-l-i" i il s. So f.artla- transaction is cm ;-a ra . v- 'y -.inp'e. but now come the pi:a--s which require expert knowledge, foros-gh' an! sound .judgment. These drafts carry no ia'erest and the sixty or ninety days they have to run only begins from the date they are accepted by the English bank, so that the American bank when purchas ing them must take into consideration the time the drafts will be in transit before an -eptianee, as well as the time to run after that date, in order to collect inter est during the time it has the money in vested. It must also estimate what the exchange rate Vtween Knglish and Uni ted Spates currency will be at the ma turitv, so that the Knglish money, when conve to re; wci! ti ui pie ; Its:; i' c, r w favor 1 into dollars, will be sufficient . 'he original dollars invested as the interest thereon. While these -:'o -iples on wh'uh the fransac- ! a-.- l. t'u y are mu-h more im e ' ia! pricfi'-e. as the drafts are - ; i". l.orvl -in by '':) American , - a as tl.ey have 1 een accepted i . or disc.e;!,t rate are 1 -. ' ku ,-r d ies jn' know or care any The thing, about all this intricate figuring and calculating, as he simply sells his cotton at so much per pound, but this must be gono through with and tho machinery must be there to do if, or he could not get. hi.s money without great delay. Q. Why could not tho local banks send the drafts direct to the Knglish banks without making use of the banks in the larger cities ? (a) The local banks have not suffi cient lapitnl mi l deposits to await the maturity of any considerable amount of drafts, or even the time necessary to send them to K u rope, for acceptance, so it is to their advantage, as well as to that of the cotton grower, to handle a greater amount of drafts ami turn them over quickly at y moderate profit. Even the largest banks in the United States have not sufficient resources to hold all of these drafts until maturity, and there fore the banks sell or discount such drafts in Kurope at every favorable op portunity, so that they can be in a po sition to take care of the constantly in creasing demands on them by the pro diners of raw materials in this country. 'Ii These drafts are drawn by many people on a great many banks, an, I the cred;f and -tanding of the !) drawees and foreign banks mas' be care, fully looked into and watched, in order to prevent loss through fraud or fail ures. This requires a i re, lit di-partii.ci.t and ext'-ns'vo system ,,f ,-r. dit reports i a h a sjn.ilt cald out support. ' l It re.ju'res Ice uudi id. d alien ti,oi of a i.igidy tr.i,ie. expert to deal siic-i'-sl'iiby in for. ign exchange, and a sniaU or ev. a a mod, rate size bank c oild bar..- afford to pay for the s. r- ices of si, ii a man. If ! Tailed S a,,., (,., larg,-: baaks. it be a, I va nta genu-; to (-x poi ' i rs .' A. A i.i iciuk slpml-l be in ,os'.t;,,ri to .. .ii. man I ! Me- t'a-di'ie" an I ope rat- mor-' i i,-i i v. with result go 1 , 1 1 s , ) i ss- o-i-a, ra ! ! v. ., p; ;,r. I'Cv the f.,re:g I. :-;!o -s is , , rit ra'ed in t : '. . -.- I ' ' r'e let nk- ; then- be , h.-s'-I .... , ;,r' ' the L. .uto.ara . an it ii leak ing l..;n ss i the I'ni'. ! Sta'es' A ! a como arativeiv small p.- ce- : i.C'K.i !-!: dir'-eCy II, 'il tl,,. . t Vak., 'her.- a-e ia, f,--.v baaks ia i'ni', I S'vt-i whi.h li aot ha t':iiKi.'.... that are the re-alt of . ports 1 r .:.,;,or's. and the l.-( rg. r bat.ks are I ,- i" .uiticN through which 'hc.-tr-iiis:, a. a, otim.atoly find their wav o foreign countries. Q. Is 'here any sjie.-inl benefit in sell ing our crops and products to foreign countries ' A. Tin- more we can sell to foreign countries at a profit, the greater becom-s the wenl'h of this country, because we are getting ' ' the other man 's money ' ; whereas, when products are sold for con sumption in this country, it is as if we took money out of one pocket and put it in another. The under side of the hinged top of a parasol is a mirror and beneath it is a receptacle for powder and powder puff. The stu !y of the Japanese language li.-fS been introduced in the secondary schools of New South Wales and Sydney T'niversifv. As an experiment the British govern ment will establish an American auto matic telephone exchange in London. The $5 Bill The $5 Bill will soon purchase five dollars worth of goods and labor. Every dollar saved now will increase in value during the next year. The American people have only been waiting for the purchasing pow er of the dollar to increase. We are enter ing a new period of economy, finance and savings. This Bank conducts a modern Savings Department, both for small and large sav ings. We pay and encourage you to save. We offer our services for handling your active commercial business. With our am ple capital and our willingness to serve, we can serve you. "Our Service Makes Friends" The Thinj National Bank Gastonia, N. C. Capital $250,000.11 PROFESSIONAL CARDS. Lester P. Martin, M. D. Physician and Surgeon Office over Torrence Drug Store Gastonia, N. C. Phones: Residence 274 Office 16 JOHN E. ECK Public Accountant Audits, Systems, Cost Finding! 302 First National Bank Blrlg. P. 0. Box 203 Gastonia, N. C. Phones: Office 219 Residence 846 I. DR. C. HIGHSMITH Dentist Office over Torrence Drug Store GASTONIA, N. C. Residence Phone 399-L W. W. GALLOWAY AUDITOR Public Accountant, Bank Exam iner and Office Systematiier Charlotte and Atlanta Offices Residence GASTONIA, N. C. P. 0. Box 358 CHAS. C. WILSON F. A. I. A Member Am. Soc. C. E. Architect Home Office 304-5-6-7 Palmetto Building Columbia, S. C. Branch Office Hugh E. White, Mgr. Mem. A. I. A 208 Fiist National Bank Bldg. Gastonia, N. C. W E LEEPER, B. E. R L LEWIS, B E. R L LEWIS, B E. g 2 LEEPER & LEWIS Civil bngineers Designs Maps, Estimates and Precise Munit.pal and Land Surveys Office lo6 I -2 E "Iain Ave. Phone 7,iJ SOUTHEKN RAILWAY SYTEM SCHELULES. Arrival and departure of pa-ssenge -rair.s at .;.-. .. a Scne ' . e a,,.!.- pat,,, site. I as intoritut tion and not guaranteed. Arrives Deparu froiti for 4:J a N Y W.nshn .Via lihum 4:1'..!, f :.'".a ' hariott.- Atlanta 8:20s .::! A'lan'a Wasl.un'ton :2" l ::,vi Bam A - I 'A asi. N . i ! : ;., !(i:.;.".a W a-h.i gioii -Atlanta I0:.ioi, llltlop -s' uiiiister 1 lain ilie J U :-." f 4:"ii'p Atlanta -Richmond 4:oH 5:20p Danville Westminster 5:20r 8:05 Atlanta-Washington 8:05 9:2."ip N Y-Wash-Atl-Hham X O 9 : iJ5 U:40p Hham Atla-Wash-N O 11:40t 12:l"a Washington-Atlanta 12:l."f Trains 2! and 3D Pullman sleeping ears between Birmingham aud New York. Trains 35 and 36 Pullman leepina ears between New York New Orleans and Birmingham . Trains 37 and 39 Pullman sleeping eare between New York and New Or leans. Trains 1.17 and 13S Pullman sleeping ears Washington and Atlanta. For further information call on: B. L. Clemmer, Ticket Agent, Gastonia, N. C E. H. Cranial, D. P. A., Ob-V. C Advertising in The Daily Gazette u ne cheapest and most effective way o' etching the peoole of the county. CERTIFICATE OF DISSOLUTION. citato of North Carolina, Department of .State. To All to Whom These Presents May 'nine (ireeting : Whereas, It appears to my satisfac tion, by duly authenticated record of the proceedings for the voluntary dissolution thereof by the unanimous consent of all the stockholders, deposited in my office, 'ha! the Shul'ord Company, a corpora tion of this State, whose principal ofliilv' is situated on Airline Avenue, in the city of das', mi l, County of Caston, State of North Carolina (.1. M. Shufonl being tho aeen: therein and in charge, upon whom process may be served i, has complied with the requirements of Chapter L! 1 . Hcisul ,,f I'.tu."., entitled 'Corporations,' i r limit. aiy to the issuing of tnis Certili c.a ! ' of I bssolut ion : Now, therefore, I, .1. Bryan Grimes, Secretary of State of the State of North Carolina, do hereby certify that the said corporation did, on the 1st day of De cember, l!U, file in my ollice a duly ex ecuted and attested consent in writing to tbu dissolution of said corporation, exo i tiled by all the stockholders thereof, which said const at and the record of tho - y proceedings aforesaid are now on file in my said officii as provided by law. In testimony whereof, I have hereto set my hand and affixed my official seal at Raleigh, this 1st day of IVeeirher, A. 1). 1!IH. .1. BUY A N GRIMKH, .Secretary of State. Filed and recorded in the office of (.'lerk of the. Huperior fWirrTrtf Gaston County in Record of Ineorponitinns No. 3 at page .'lui, this .'!rd day of I v(nJA', 1919. 8. C. HKN'DKK KH, ('. 8. C. KJJJct ADMINISTRATOR'S NOTICE. TIaing qualified us administrator of estate of Mrs. Hatha Isabella Allison, de ceased, late of (iaston County, North Carolina, this is to notify all persons having claims against the estate of said decedent to present tho same, duly veri fied, to the tiiidersignod oa or before December 10, 1921, or this notice will be pleaded in bar of any recovery thereon. All persons in debted to said estate will please make prompt settlement with the undersigned. This H'th day of December, 1920. T. I.. AI.l.ISOX, Amr. of the Estate of Mr9. Ra'h.a Isabella Allison. Vr .m.-fi ADMINISTRATRIX' NOTICE. llav ng ipia'itiel a a I tn i it i st rat ri x of the estate of .!, ! 1' M I. Is', in. deceased, 'ate of lias'on i, i, Virtu I a r,,i na , Cms is t . a .tit'v all iuTsons having . .n;:., , : .r ' .- ',- , f -aid de i . . -. i t . . ;,,!. t t i.e-ii ' o the under - i : ' i " h' Acii, i . .,a .,r ly.-t'oro Januaiy I, '22, -hi. n .! e a.i: i,. ; !. , ; I ia bar of . ' v. !! ;.. r--. -,s II tel. ted to --. : i i ' ' a . . I ; 1 1 , -' a,:i ke ; a, a.e I ia' ' I"' .- t -.. :-... I . a lOJ". .. i i; i . .- i i, A tn !. . r x .f : !.-.-it,. of .1 , a M i. a- it. ! 1 - A- i - :-. A"-.- r K i i; EXECUTOR'S AND ADMINISTRA TOR'S NOTICE. .:" N a. C.an'v l.-is- II'i vlf.c Qu.-''.fi- d as ii'r.rs uraler the la-' .: a , I statu. l.f. -f the esta'e of At. jrew E. Mo,,re, deceased, lae of tlas ' ,a ' o.'i'v. North Carolina, this is to notify all persons having claims against the estate of said deceased to exhibit them to the undersigned at Gastonia, Xorh Carolina, on or before the 1st day of December, 1021, or this notice will be pleaded in bar of their recovery. All persons indebted to said estate will dene make immediate payment. This the 1st dav of December, 1920. ALE RED MOORK, AflRIAM W. MOORE, WOLTZ 4 WOLTZ, Executors. Attorneys. F-J7c5 Worse. oiiittenaiice of the bride I the 'iMt man. Tiptoe he whisiiered : The worrb groom distur ing titi tae a ' What's the matter Jockf PTave ve lost the ring ' ' ' No." burs; cut the unharfinv Jock. "the ring's safe mon, IVo lost ma enthusiasmXi,
Gastonia Daily Gazette (Gastonia, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 7, 1921, edition 1
7
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