Newspapers / The Commonwealth (Scotland Neck, … / Dec. 15, 1916, edition 1 / Page 1
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CXMMONW EALT UME XXXIV. ?WICE-A-WEEK SCOTLAND NECK, N. C, FRIDAY, DEC. 15, 1916. NUMBER 9. tir&I CLIAH. n UAVF ! Iarm loan asso. res Ten Farmer Borrowers To Organize At the recent meeting of the doctors of the Board of Trade Mhe subject of the organization of a branch of the Federal Land ank for Scotland Neck was dis cussed at length, but the full text of the organization was more or less indistinctly understood, so The Commonwealth took the mat ter up with their Washington, D. (, correspondents, resulting in a letter being received from Mr. AV. W. Flannigan, secretary of Feder al Farm Loan Board, in which he noes into full explanation on the plan and purposes of the associa tion, and gives detailed informa tion how a branch can easily be organized at Scotland Neck, which letter follows: TREASURY DEPARTMENT Washington, D. C. Dec. 12, 1916. The Commonwealth, Scotland Neck, N. C, Dear Sir: Accompanying this communica tion is a blank form of articles of association to enable you to take the first steps in the formation of a National Farm Loan Associa tion. As soon as you can get together ten or more farmers or perspect ive farmers who wish to borrow on first farm mortgages, hold a meeting and adopt these articles of association, filling in at the top the name of your association and outlining the boundaries of the territory in which the association desires to do business. Then have each borrower sign the articles of association and have your secretary-treasurer make affidavit thereto. Your association should elect its ; directors at the first meeting, persons interested. Election should be by ballot, each Remember, it takes ten or more member having one vote for each to organize an association, and the share of stock held. But no one ; association must start business member can vote more than 20 j with applications for at least $25, shares. Not less than five direc- j 000 of loans. If some of your tors may be chosen. Many asso- members cannot use the money at via t ions are electing nine direc-' once, but you need them to make tors, for the reason that with a up your total, let them join now, board of nine there is no danger j of a tie vote, and it is easier to compute the two-thirds vote re quired to admit new members. As soon as your directors are elected, have them meet and elect a president, a vice-presidnt, a sec-retarv-ttreasurer, and a loan com mittee of three members. Your loan committee should proceed at once to prepare a writ ten report appraising the value of the land to be morgaged by each of the members of the association This report must be unanimous. A blank form for the report will soon be sent out by the Federal Farm Loan Board. This is as far as you can go un til the Federal land bank of your district is located and established. When you see in the press reports an announcement that these banks have been located, your secretary- treasurer should address a letter to the bank of your district and ask for necessary blank forms in cluding an application for charter. Fill out such application and mail it to the Federal land bank of your district, and send along with it the signed articles of associa tion which we are now sending you arul the report of your local committee. Do not send any of these papers to Washington. Just a word about the election of a secretary-treasurer. It is not necessary that he be a borrower nor a member of the association. He may be the cashier of a bank, a school teacher, a lawyer, a mer- chant, or anybody who is compe- tent to transact the business of your association in its relations with the Federal land bank. The secretary-treasurer is in reality the business manager of the local loan association, and is required to be under bond. A fp'.iiso about the size and the territoi-1.''".'' f a National Farm Loan Associa w " are permitted under the law to pay your secretary-treasurer a salary. If you have a small association it is likelv that one of vour mem- bers will act as secretarv-treas- without pay. So it may be eco nomical to have smaller associa tions and have more of them than to have a large association and pay your secretary-treasurer a salary. Or, if it be deemed advis able, all the associations in one county could employ one secre tary-treasurer, located at the county seat. It might be possibh to secure the services of an attor ney who would act as secretary treasurer without compensation on condition that each borrower of that county engage him to pre pare abstracts of title at a stated J 1 J j T i amount per aosrract. it is im portant to keep down expenses. Remember this is a cooperative banking system. There are no territorial limits for a loan association, except that Lit cannot operate across state lines. An association may accept members from any place within the territory outlined in its artic les of association. Before you hold a meeting to organize a National Farm Loan Association, get a good announce ment printed in your local paper telling of the metting and its pur pose and inviting all those inter ested to attend. Perhaps the edi tor would print a coupon to be signed by interested persons and mailed to you so you would have, in advance, a good idea of all the Sign the articles ot association. and get the money any time with in six months. We would advise you not to accept for membership any one who cannot use the money within six months. Remember, only actual farmers may borrow, .and only borrowers may become members. A borrow er need not actually live on his land, but he must farm it either directly or, with hired help. If he leases it to a tenant he cannot borrow, because he ceases to be an actual farmer. Corporations and partnerships cannot borrow We get a great many inquiries asking whether or not loans may be made on lands held under irri gation or reclamation projects. If there is no lien against your land you may borrow under the Fed eral Farm Loan Act. You must be able to execute a first mortgage to borrow under this Act. Or, you could borrow to wipe out the lien that now exists, .under the limita tions prescribed by the law. The Federal Farm Loan Board is now engaged in the task of out lining the twelve Federal land banks districts, and the announce ment of these districts and the lo cation of one bank in each wil be made during December, 1916 The banks will be ready to serve the people early in 1917, but it is impossible to give the exact date Very truly yours, W. W. FLANNIGAN, Secretary, Farm Loan Board. Also The Commonwealth has PRESIDENT CONSIDERING PEACE PROPOSALS (By United Press) Washington, VD. C, Dec. 15. It y e official opinion in diplo matic quarters that United States and European neutral countries should consider any answer the entente allies may make to the German A Ice proposals save a : flat rejectMk as' an invitation to'! offer their good services to ar- j range a peace conference. ! This view is also one taken by j two of the best formed Euro- - . - . . . . pean neutrals in discussing the j matter with United Press corres pondents. (By United Press) Washington, D. C, Dec. 15. Mediation efforts, or suggestions, by the United, States on behalf of the peace conference Avould be im mediately followed by similar ac tion by all the neutral European countries. (By United Press) Washington, D. C, Dec. 15 For nearly two hours this morn ing President Wilson and Secre tary of State Lansing have been in consultation over the question of supplementing tthe forwarding of the German peace proposals to the several governments of the allies, with some suggestions from this government at the close of the notes. Neither President Wilson, nor Secretary Lansing, wrould throw any light upon what, if any, de cision had been reached:- SAFE CONDUCT TO AUSTRIAN AMBASSADOR (By United Press) London, England, Dec. 15. According to the request of the United States England will grant Count Tarnow.ski, the newly ap pointed Austrian Ambassador to Washington, safe conduct to Am erica. GREECE ACCEPTS ALLIES ULTJMATUM (By United Press) London, Eng. Dec. 15. Greece has accepted the allies terms, cen tral news dispatch from Athens announces. In the note of the al lies to the King of Greece the terms made known are the surren der of all arms, the control of the telegraph system, and a guarantee of neutrality. placed in the hands of the secre tary of the local Board of Trade the five circulars, Nos. 1 to 5, is sued by the treasury department, giving full information of all the acts of the Federal Farm Loan Board, which will necessarily help those who contemplate organizing this branch to acquaint themselves with the rules governing same. As further information is re ceived from our correspondents in the capital city bearing on this der for the afternoon, the follow- i Songs, by the primary grades. T f' the Jate 3 T Ellward the vnd,. subject it will immediately he j inS which a delicious salad course : Song, by the Grammar Grade. signed Commissioner will on the ictr, communicated to our subscribers I was served by Mrs. J. Hinton ; Address, The Spirit of the occas-! day of January, 1917, at twelve oVio k through these columns, as this act, which will carry with it the issue of One hundred million dol lars in a bond issue, is one of the most important pieces of legisla tion the democratic administra tion has attempted, outside of the Federal Reserve Board, and this move to finance the farmers, at moderate interest, may be even more far-reaching than the gener al banking regulation that has worked so well under the cogno men of The Federal Reserve Bank. GERMANS MAKING HEAD WAY IN RUMANIA (By United Press) Berlin, Germany, Dec 15. Russian forces are in full retreat in Rumania, ana as tney retreat j they are burning all villages j through the section of Wallachia J and Moldavia, and it is further j officially announced that the Ger- mail arms have carried Bueza. '. SALE OF LAWRENCE FARM The Atlantic Coast Realty Co., offers as a Christmas gift to the; -1 "I Ot X J I people m ana arouna ocouanu Neck the opportunity to attend another of those Grand Auction Sales where on Monday, Dec. 18, at 10:30 A. M. you will have a: J i cnance to purcnase at your own I price one or the more beautiful road front farms that at this time is being cut to a good advantage out of the Lawrence Farm, loca ted 2 miles northwest of Scotland Neck in the heart of Eastern Caro lina 's most wonderful agricultur al section. Along with this golden oppor tunity they offer as entertainment to all selected music furnished by their All Star Br&jss Band and Mr. O. W. Currin, who is here in behalf of the Co., stated to The Commonwealth that he expected to serve a real Christmas dinner free to all attending the sale. Don't forget the place, date -and! time: The Lawrence arm, M on- ting manner the season the most j ed men. They knew the plantf day, Dec. 18, 10 :30 A. M. j inspiring of the whole year from end to end, and the partis j whichis one of song and rejoicing, i were small so that each member COAST LINE CLERICUS OR-j Mingling with the children? ' of the party could have his qu t GANIZED voices will be the trained tones i tions answered. Rev. '-Reuben Meredith?-"Tetum of 'then joint ehoirs o the churches ;. . .. Nobody ought to try to sell Wil ed from Rocky. Mount where he j and sacred songs have been select-: lys-Overland product without attended the organization of the ; ed, so familiar, that all the con- j knowing this plant. You can :1r Coast Line Clericus, Thursday, ati gregation of the people can join , grip the immensity of the propose ! which the constitution was adopt - ed and officers elected. The purpose of this body is the fraternizing of the brethern, em- phasize the missionary spirit, and to generally broaden the ideas of ! centre of the school campus, hght the clericals of this section. : ed with a thousan varied colore:! The officers elected were Ber- lights, around which, in regular tram E. Brown, of Tarboro. nres- order, are placed the various ident, and Rev. N. C. Duncan, of Weldon, secretary and treasurer, j Future meetings will be held hi March, June, September and De-; cember, at the Hotel in Ilobgood. ; BUSY TWELVE CLUB ' Miss Estelle Hancock entertain-: ed the Busv Twelve Club Tuesdav : afternoon, a twhich quite a num-; ber of 'members attended. i Several games were played, the prize ueing won oy aliss .uary ; Tillery. ! liciresnmenis sweei course, was ,.,-, i served bv the hostess, assisted bv r p i i . a Misses Virginia Tillery and An nie Wilkinson. THURSDAY AFTERNOON CLUB Mrs.' N. E. Winslow entertain ed the Thursday afternoon club at her residence this week, AVed-; nesday afternoon, there being a fw members present. Sewing, conversation and some pleasing entertainment was the or- I Dunn aud Miss Nannie Shields. Those present included Mes dames Charles Lawrence, Tyler Wheeler, A. Paul Kitchin, O. J. - ! Moore and Mrs. J. Hinton Dunn Misses Nannie Shields and Kate Boyette. 'SCOTLAND NECK FURNITURE ; CO., DOUBLING SPACE CAPACITY The business of the Scotland Neck Furniture Co., has grown to such proportions that a much lar - f ger space has been needed for, RAD p p" u ! some time for the disnlav of their i' choicest articles of furniture, but S it was not until the last few days ' that the space, occupied by the : f wholesale grocery house of Mr.; jjohn Lewis, has been secured. This wm give the Scotland; Neck Furnkure Company double : tle floor sace jt jias hitherto had, ! and win enable the company to ; display their goods to much bet- i ter advantage Mr. R. A. Phillips, the mana ger, states that he will devote the new showroom to the display of & 1 ' " room suites ; also the better grades of bed room furniture. It is an evidence of the upward trend in business of this concern , , . n when a space, double the size ot tiieir present spacious quarters three-quarter miles of track with :s necessary to exhibit the large in the plant. stock they now carry. Eaeh man got a card containing. The new quarters will be occu-; a picture of Mr. Willys and an an pied by January 1st., at latest, j tographed message of welcome from him. Next thing I knew we CHRISTMAS TREE TO BE j were lined up on the steps of the ON SCHOOL GROUNDS ; stunning new administration ! building getting photographed. Exercises to Be Held in The Open ! Elevators shot us up to th Weather LASTING FOR 45 MINUTES The Community Christmas Tree is an event, recently inaugurated j in the cities of the country, to em- , phasize community spirit and in- j terest, and to bring the whole peo-: pie together to celebrate, in a fit- 1 in the singing. If the weather be fair Scotland Neck will witness the grandest 1 sight that has ever been her privi- lege to see. The large tree m the -grades of the school, supported by the hundred singers of the church ! es an(l Tnen im lli lifting up their voices, and -their hearts, to theGod-Man for the. manifold blessings that have been bestowed upon this people dur ing the past year. Surely every soul must respond to such an : 300 hi 1916. event. 1,000 persons, more than the n- The program is here given, and itn.e manufacturing force of many where it is stated the song is to:a COmpany, work in the adminis o snna- hv overvbodv. it means ! fT..,t,.T, i,,,;!,!;,,,, mm.:.. everybody, even though that body can but hum the tune. All must , , ,.f in-fn ; respond to the essence ot jovlul , thanksgiving: m Programme for the Community Christmas Tree on Schoodl Campus, Sunday, Dec. 24, at 6:15 p. m. g011o. "America to be sung by everv body. -j Rev. RJ. ; I Devotional exercises, 1 v j A McFarland s0110. came upon the midnight clear" bv evervbodv. ion, by Mr. Ashby Dunn. Song, "Hark, the Herald Angels Sing,: by everybody. Song, by the High School Depart- ment. Song, O Hemlock "Tree", by en tire school. Song, " Holy Night", by every -bodjr. Benediction. i Red Cedar Shingles Last a Life- j time Car load just received by j ' Hardy Hardware Company. VISITS AUTO PLANT . Interesting Sight-Seeing Instruct ive Trip ' ' Mr. G. C. Weeks, Willys-Ovr- land dealer in this city, who is one of the 5,000 dealers who visited the great Toledo plant in connw- with the immense convention now in progress, recounts his experi ences in this entertaining letter to the editor: Some Action Nothing was ever so impressive as our tour of the great plant that turns out Willys-Overland cars. Our Pullmans all packed in the company yards. There was room enough, for there are seven and company's own restaurant on the ! sixth floor. There we had a corfc- i ing breakfast. At each plate was a copy of the live new Willys-Ov- erland house organ "The Starter' ' j It mapped our days program. Then started our tour of t1i plant. Our guides were carefully pick- j tion till you do. j I is no piker business. j $25,000,000 are tied up in land, buildings and machinery, not V : say a word about the stock parts and raw material. F-:n. th" v of of the wonder''-, i administration building, whkj stand;; out like a state capital, y a et a panorama of the plant. Yo. can readily ihen occupies ji-Tcx bel lev that I. wi t. square . vt ( oor space in dai1"' use anil a production capacity s i' 1000 t-ars per day. You can appreciate the growui from 2i0 employees in 1908 to 17,- structure, .375 feet long, has cvery facilitv for rmid wort ioiu(i!;- . , .dictaphones, its own telegraph and . , , , J 7 " telephone svstems and a mail ; nndling department that about 0VPrvthing but write b-s ters j 385 persons can be fed in tl-e j restaurant at one time. i 1 (Balance of this story next issut- NOTICE. SALS. Under and by virtue of an o'der f the Superior Court of . Halifax Count ,v ' nift( in tlie special proceeding entitled j Belle Edwards, Administratrix, vs M in the town of Scotland Neck, N. in front of the Postoffice offer for a: ' to the highest bidder for cash th. t certain tract of land Iving and bei;. j -ln Roseneath Township Halifax Count , j North Carolina, adjoining the lao'Jb. ..f i - -. r a a . ai r trie J-Jen iewis estate, tne oia urry tract of land, and others, contaiui:--thirty acres, and being a part of t; , old original Gray tract of land. Thi- j tract of land lies on the East side of 1 the home tract of the late J. T. Ed wards, and will be sold to make as.ft to pay debts. This the 11th, day f December, 1916. A. PAUL KITCHIN, Commissioner,. .'
The Commonwealth (Scotland Neck, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 15, 1916, edition 1
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