TITHE FREE IS A
FREE AM) 1. JTENDENT
VE E.NTKK HIE FIELD
s the srr i;s-ou or the
HERALD. WITH THE IN
TENTION OF SENDING OUT
FROM FOREST CITY THE
REST PAPER IN RUTHER
FORD COUNTY.
NEWSPAPER,
VOTED TO
THE ENLIGIITNMENT AM)
UPBUILDING OF FOREST
CITY AND RUTHERFORD CO.
(AND FOREST CITY HERALD)
OLD SERIES. VOL. V; No. 16, NEW SERIES, VOL. 1, NO. 12 FOREST CITY, N. C. WEDNESDAY. DECEMBER :U, 1913 WEEKLY Price, 1.00 l'cr Year in Advance
T!
Free
NEW CURRENCY
BILL IN FORCE
Washington, Special. The new bill
affecting the currency, banking and
finances of the country, is
one of the most far-reaching meas
ures relating to finance that has been
enacted in many years. The magni
tude of the subject, the diversity of
interests affected, and the length of
the debates in both branches of Con
gress, has made it difficult for the
ordinary observer to follow the
changes and grasp the essentials of
this highly teehninal measure in its
important bearings on money, finance
banking and entire range of fiscal
subjects, public and private, which it
affects. With a view, therefore, of
presenting succinctly and in non
technical language, an epitome of the
salient features of the measure as
finally framed, the following sum
mary is given of the bill as a whole
and of its principal details.
First Steps Taken j
Generally speaking, the first steps (
to be taken to bring into operation
the Nation's new financial system j
will be through an organization com-
mitte consisting of Secretary of the
Treasury, Secretary of Agriculture
and Comptroller of the Currency.
Banks have sixty days within which to
hie their applications for membership
in the new system :and one year's time
is allowed before the Government
will compel the dissolution of
any National bank that refuses to
join.
The new law will make little di
rect change in the operation of the
present National banks, except to al
low them to loan a certain amount
of their funds upon farm mortgages,
Its chief purpose is to add a new
piece of machinery to the banking
system that, will "take up the slack"
during the changing business condi
tions of each yea y that will give the
the banks a place to quickly convert
their assets into cash in time pi." need
and that will bring out new Federal
-.,; -wfevn rwt4s "
tire it when money becomes "cheap."
Banks are not required to keep a
certain pereentagi of their deposits
as "reserves," part in cash in their
own vaults and part of which may
be redeposited in the banks of New
York, Chicago, St. Louis and other
designated cities. In times of sudden
financial demands when banks
have loaned up to the full limit of
their resources, these reserves furnish
little n !::', because if they are
out to i:'.cct demands, the bank:
paid
: are
left in a precarious condition.
BASIC PRINCIPLE
Basic .Principle
The ba.-ic principle of the new law
is to get these reserve funds out into
circulation when necessary, without
.v..-,.-.....,,
and to provide a place
to which local '
banks may rush in a crisis and get
cash for the "prime commercial
paper" they hold in their vaults.
This is to be acomplished through
a "chain of reserves," in which all
banks shall deposite a stated part of
the money they are required to hold
as reserves. Under the new system
when a financial flurry comes, the
banks con take commercial paper,
such as notes, drafts and bills of ex
change, to these "reservoirs," and se
cure the use of their own reserves,
or if necessary even the reserve of
other banks, by depositing this se
curity .
The new regional banks will re
ceive about one-half of the bank re
serves of the country. Trey in turn
will be permitted to loan back to
the banks all but 35 per cent of these
reserves, so ' trat in case of emer
gency, millions of cash can be
brought out into circulation quickly.
The banks will haw to pay for these
loans, however, as individuals have to
pay for a loan from any locrl bank;
and this charge is expected to pre
vent the too-free use of the reserves
held by the regional banks.
New Paper Currency
A new form of paper currency is
also provided for, to come out in case
of emergency, and which is expected
to go bock into the hands of the
Government when times are normal.
These Treasury notes' will be print
ed by the Government and issued
through each regional reserve bank,
and will bear the guarantee both of
the regional bank and the Govern
ment. a binha apny io b ietnoieatoietact
If the demand for currency in any
section of the country exceeds . the
supply of circulating money a region!
hank eun secure this new money from
the OoveT. me-nt end put it ir.tn c
cu'.aivn: ou! a ir:c reso -ve -f Vr
A Growing Institution
irst National Bank One of Ruther
ford's Most Successful Enterprises
Few banking institutions in North
Carolina have grown as rapidly as the
First National Bank of Forest City.
This institution began business Oc
tober 15, 1901, under a State charter,
it then being chartered under the
name of The Forest City Bank. The
original officers were Dr. G. E.
Young, president; Thomas P. Rey
nolds, vice president and J. S.
Biggerstaff, cashier. The bank be
gan business with a capital of $12,
000 and the first day the deposits
were .$3,718.76. One year later the
deposits had incresased to $26,755.
28. Mr. T. P. Reynolds removed to
Asheville during the year 1905 and
Dr. Geo. P. Reid was elected vice
president, he and Dr. G. E. Young
still hold their original position;; in
the bnak.
On January 1st, 1908, Mr. J. S.
Biggerstaff severed his connection
with the bank and Mr. V. W. Hicks
was elected Cashier. The deposits
in the institution at that, unie
amounted to ?.jo,0-'.1 AC. The di
rectors then began to discuss ihn
feasibility of inceasing the capital
stock to .$25,000 and entering the
SVStem f m.i mm.l tnnl-. n.l
h:s, ami on
March 27th of that y.-ar, a meeting j
oft Stockholders was held r.t Yu,ich
time it was decid
national system,
the comptroller
granted a chart
of "The First
Forest City". T!
d to :!'
irae to lhe I
; 2S, 1908, j
currency .
On Jul;
or the
v under
National
I-.- bank
the name
steady ghowth ever sinre,
evidenced by
ber 15, 191:5,
deposits had
07, although
the fact
tV.
its lasr s
incresased
four oth
been organized
meanwhile.
in
two negroes shot
at Harris! station
Tom and Arthur Walking Badly
Wounded in Small Ri,it Christmas
Day Shots Believed to Hae Been
Fired by Their Pals .
Tom and Arthur Watkins, colored,
were flint and probably seriously
wounded at Harris Station, 15 miles
south of Forest City, Christmas day.
The t rouble, occurred about the noon
bou,- in Hicks' drug store. The neg
roes, it, is said, were di nktr. j.
Accompanied by a number of
friend:-, they went into the si .ire and
one of the::i walked behind a counter
ami began removing articles from a
showcase. He invited his friends to
step up and help themselves. At
this juncture Clerk J. L. Robbins
,.,..11.,.. I 1 ,..l.....l f
"lcl " ",uu
out. The
negro became indignant
and drew
flashed a
his gun. Another negro
knife, while others made
preparations for a fight. Several
white men were in the store and they
rushed to the aid of Mr. Robbins. A
general mix-up ensued, during which
both of the Watkins negroes were
shot in the side. Mr. Robbins did
not have a gun and it is believed the
negroes were wounded by their pals,
the shots being intended for the white
men..
Arthur Watkins' kidneys was punc
tured and he was dangerously wound
ed, while the other negro was not so
seriously hurt.
The only explanation given of the
affair is that the negroes were crazed
by drink or it was a bold and deliber
ate attempt at robbery. Mr. Bobbins
has issued warrents for the negroes
and as soon as their condition will
permit the matter will be aired in the
recorder's court.
cent, and commercial paper equal to
the full value of the note, must be
held as a reserve behind each note so
ssued. This provision is expected to
be the influence that will drive the
new money back into retirement when
it is no longer needed.
The following analysis presents the
details of the new law without ad
hering closely to the technical divi
sion or language of the measure.
At the head of the tystem
will
stand a Federal Reserve Board at
Washington, appointed by the Picsi-
dent, and to consist of the. Secretary
of the Treasury, the Comptroller of
the uierrency anq, nve omer mem-
bers. Two of these shall be exoert
bankers, but none shall have bank
ing affiliations or own bar.k stock
during their service-. This board will
exercise general centre 1 over tV." en
tire system.
v J I ;
Mr. and Mrs. Joe Bridges spent
part of the Holidays at Greers, S. C,
with Mrs. Bridges' relatives.
Mr. and Mrs. B. Arp Lowrance of
Charlotte visited relatives here
Christmas. Mr. Lowrance was for
merly connected with The Forest City
Herald, but has for some time, been
wit hthe Western Newspaper Union.
He has risen rapidly since leaving
Forest City and at present holds the
responcible position of news editor
for his company. This is very grat
ifying to his many friends in Ruth
erford. Miss Lillian Harrill, who has been
teaching school at Gates, is spending
the holidays with le'atives in Forest
City.
Mr. Spurgeo i Mo:;s of Car.ileen
was a holiday vi.mo at I hi' home of
his father, Rev. T. 3. Mo---.
Mr. Marion LeJiK-lte : is ai home
,0,n. b0lllllK
V.3, doing a guest
01 Ills latner Mr- " l"'.
!JU!i. tst Ul IOWU.
1Hr- 1 uianion or a-miter v.a,
a Forest City visitor last week.
Mr. M. W. Harris of Hamlet spent
Christmas in Forest City with bis
parents, Mr. and Mrs. R. K. Harris.
Mrs. Lula Moore and daughters,
Rank of ivllsses l orinne ami ftaran, are spena-.-;
had a '" tne holidays with relatives in
which is Spartanburg.
iicto- I V' Henderson of Macon, (la.,
lent, the spent the week end here.
j2J,'iiiL- I Mr- Gary Hiott, editor of the Pic
;,ks had L'ns S. C, Sentinel, was a holiday
v in the visitor in Forest City.
j Mr. J. Q. Padgett, of Ellenboro,
renorls a ouiet Christmas in his sec-
, r ,
j lion.
Tr Hovrr-'nx-'' IVi''o'j nf AI on'oo
spent a day or two here Inst week,
guest of his parents, Rev. and Mrs. I'.orn :.o lien, and .'' ' ' ' "ii
J. A. Bowles. Sunday a V'"1-
Mr. Claude Young was a business Dr. and,' Mrs. J. U. Gettys spent
fisitor to Charlotte this week. Chrstmas with Mrs. Getty's mother,
Mr. T. R. Pa.lgett spent Scnday in Mrs. John E. .McFarland.
Union, S. C, guest of Mr. W. M. Bar- Mr. Char les Haynes of the Ameri
nett, former superintendent of the ean Tobai co Company, with hcad
Floienee Mills of this place. Quarters ' T ' J' har.i. was a guest, of
Miss Mary L. Bowles teacher in the Ihis brot '?. IK Frank K. Haynes.
Asbeboro High School is spending the
holidays here with her parents Rev.
and Ms. J. A. Bowles.
Mr. "Cam" Jenkins of Greensboro
and Mr. Ray Fumle'burk visited
friends here Sunday.
Miss Beuna Harrill pleasantly en
tertained a few of her friends at her
home on Broadway, Saturday even
ing. Misses. Avalonia. Migman and Ber-
f ; Kin daughters of Mr. Pink Kine;
of gi,eiby are visiting relatives and
' f:n,ia v,.fl
Miss Annie Bridges delightfully en
tertained several of her friends Mon
day evening.
Miss Mary Edens of the High
School Faculty is spending the, holi
days with her parents in Pembroke.
Miss Annie Arledge teacher in the
Graded School is taking her vacation
with her parents in Columbus.
Dinner For Convicts
The "men in stripes" were not for
gotten Christmas day. Superinten
dent Clark and his associates gave
the men a good dinner and a dap off
There are twenty-two enrolled on the
gang, and every one seemea io en-
;joy his dinner and rest.
CARD OF THANKS
Mr. Editor: Please allow me space
to express my appreciation of the
kind remembrances shown self and
family by friends and members of
'the congreation during the holidays.
C. C. Carson,
Tastor Presbyterian Churrh.
Miss Long Entertains
Miss Ottilie Long was at home to
;a number of friends rriday night at
her home on East Main street About
thirty of the youger set enjoyed Miss
Long's hospitality. Miss Margaret
Youncr was winner in the tw.es t.
Refreshments added to the evening.-;
enjoyment.
' .
The cornerstone o! so'jrvi uran-'o i
- 1 Ml ... I
Iteaee in .ir-'i, liioi. wi.i o. i.--
Dxvid l .toy-1.'
Mr. Joe Reinhu'dt of Lincolntou
spent the holidays ere with his fa
ther, Mr. J. K. Kein'nardt.
Mr. and Mrs. J. T. McGregor visit
ed Mr. McGregor's old home in Anson
county last week,
Mr. Roland Padgett, a former cit-
izen of Forest City, but now of Lin
eolnton, was a visitor here last week,
At- ir.,,.,... r:.;..tt n.i.;,..A
igetl.
tirday from IIartvi!le, S. ('., where
he went with his mother t spend
Christmas with relatives. Mr. Pad
gett is connected with the C onipton
Loom Company ai d will be located at
Kannapolis for k veral weeks.
Mr. Tracy Pro or o ' Yorkville, S.
C, came up to spend Christmas with
his parents, Mr. an,! M s. R. D. Proc
tor. )
Mr. Free K. Webb arrived from
Canton SiintUy to be the Kuest of his
mother, Mr- Mary Webb, for a few
aays.
Mrs, .lui i Daniel- of High Shoals
.- .-.j.cii,.,..-
relatives am: frii nils.
I Miss GW.'i. s Flack of Galfney is
the chiJi-miiu1 guest of Misses Mane
and Ro'iliie Higgerstaff.
Miss Nelle Young, a member of
the junior class Queen's College, is
spending the holidays here, with her
father, Dr. G. K. Young.
Prof. W. Ross Hill of the Forest
City graced school is visit intr his
parents il R..therfo:-dt.on.
Hon. J.F. Alexander is spending
some time! at bis winter home in St.
Petersburg! 'Fla.
Mr. Clarjence Youn:
;l .Mr.
Roy
Lovelace. Who are en;.-
the
oi gia,
boli-
,OIL.
I
'lumber bu.-Ains in miuUi
Ce
! prif, m tiJ snenil a liart of
days with In Natives n. il.i
t.1(
I Sunday
Miss Cla rie Read cnleriaju .; a
large number of he fiends lYh ay
evening in honor of her guest Miss
Katie Read of Ruthcrfordton.
Miss EIT.e Lynch of the Graded
School is spending the holidays with
relatives and friends near Gilky.
Tu sday evening Miss Cordie Har
rill gave supper to several of her
girl friends after which a general
party was enjoyed,
Miss Ediih Hoyle a charming foung
lady of Shelby is visiting Miss Ruth
Williamson here.
Bom to Mr. and Mrs. Z. C. Bridges
Monday evening a girl.
Misses. Mae and Ada Bridges are
spending the holidays here with rela
tives and friends.
Miss Bertha Rclnhardt entertained
a few of her friends Saturday even
ing. lNDER SUSPICION
Man F?'!5iig Description ui' S.
MtvJerer fiken in Ten,'
Louis
Ex-Chief of Poliece Mauley watched
a strange one-legged man meander
about town last Tuesday until! he bo-
cine convinced that he wa Jesse
;Ray, wanted in St. Louis for
double murder. While Mr. .Munlev
was looking over his buiuh of re -
wards the suspect left town, bat Mr.
Mnnlpv at. once nicked un his trail
and came uuon him near Bost. :. The
man nut. un n stiff denial but failed ,J
tQ . R d account of himself and ;
Mr. Manley landed him behind the
bars at Rutherfordton. The St. Louis
authorities were notified and they
wired Mr. Manley for a photograph
of thg man After much parlyinK
jt wag Recured atld mailed t0 the St.
Louig chk,f of poIjce and an ofik.tr
ia .vn)p,i jnilv t iim the susnect.
Banquet at Henrietta
Tfin Masons of Henrietta cave
t5C;r annuai banquet Saturday night
in 1ho Masonic hall at that place. A
',li;.i, ,,r :n..iri tram near-
! , ... j
i by town-!
wero present ana we eve-,
i:ir was a moiit pleasant one.
1
vi'l lwv
i tso.'O Piae.
harden t!'
'. of , he
USING BIBLE AS
BLIND, HE DRUGS
GIRL WITH RING
CHICAGO, Dec. 27. The poisoned
ring, the deadly weapon of the Ror
gias, has made, its appearance in Chi
cago. Miss Opal Hummer, 20 years old,
and pretty, was jabbed in the second
finger of her right hand last night in
the Union Passenger Station as she
shook hands with a strange man who
posed as a missionary and carried a
Bible.
Scores of persons were on every
side in the station, a constantly
changing crowd, of which some were
i always moving and creating a certain
I . i. i- ,
I amount, m eouiusion
The situation enabled Miss Hum
mer's assailant to escape, for as she
ran toward the ticket office, calling
for help, everyone looked at her
none, apparently, at the man who
sneaked away.
Going Home for Chrilnan
Miss Hummer is a student at the
! Betheny Bible Institute, No. 'M'l'i,
j West VanBuren street. It is a Dun
jfcard institution, and she, like all oth
: ers there, wore the simple costume,
including the little poke bonnet.
; She lives at Dunkirk, Ind., and was
,on her way home for a Christmas
i vacation when attacked,
j "I had been watching the crowd,"
said Miss Hummer last night, "and 1
found it a very interesting sight. 1
suppose many or the people were
going home for Christinas, like my
self, and most of them appeared very
happy.
Sits Down Beside Hir
"Suddenly I realized a man was ,
watching me, and I knew that I hud
: eon him before. Then 1 remember
i hat he had walked past me two or
turee times as I sat there.
"I was just wondering w hy he look
ed at me when he came over and sat
down beside me. I sat; very still and
looked straight ahead. He bad a book
under his left arm. He transferred
n o."";-' ri.v.. .v s-
1 did not pay any attention to him. It
would not have been polite or nice of J
n ,e.
"Then he spoke to me, and said: 'I
see by your garments that you are a
missionary. 1 also am a mi-sionary,
and, extending his hand, he displayed
a Bible, the book he had held under
I. s arm.
"When 1 saw that, it seemed very;
. Vercnt, you know, and 1 said: 'Oh,
a you a missionary?' And he said,
' os,' and that be was on his way to
to Wisconsin to engage in missionary
v rk in the lumber camps.
"1 guess we must have talked all of
ii i minutes, and finally he said ne
w uld have to be going, and he
reached out hi shand to say good-bye.
1 held out my hand and he seemed to
clasp it very tightly, but good friends
do that, you know.
"He said 'Good-bye,' and 1 said,
"Good-by,' and when he let go of my
hand he started to back away from
n e. Then like a flash, I felt a sting
ing sensation on my finger and my
hand and arm began to feel numb,
Had Read of Cases
"I turned and ran. I thought I
was going to faint and I didn't want
and. he seemed to be fading away,
to faint near him, for I had read in
the newspapers of how some men in
New York pretend that a girl who
fainted was their sister. And I didn't
want him near me if I fainted.
"So I ran toward the ticket window
I was so frightened and faint that I
guess I couldn't really scream, and I
had so much trouble making anyone
i understand me.
j "But a gentleman saw what was
wrong and called a polieceman, and
' he took me over to the matson, and so
;' l'"'"y
j-V.v arm is still numb and feels queer
i . .... TMi l- ..ii
!a!ul ti'lgling
It felt a good deal
e morphine makes you feel when it
first given you."
Dr. Miller, after a hurried exami
tion, said:
'It looks to me like a scratch, or
;ab from some pointed instrument,
must have been something con
ded on his thumb or one of his
trers, like a pointed ring."
Capture Two Stills
Deputy Collectors Stewart ann
Quinn added two more illict distill
eries to their list last week. The
first one they bak'Kcd was located 8
m,les souinwesi oi luar.on. it was
a sheet-iron affair and along with it
went 500 gallons of beer. The sec-
jona point was lounu just east oi
Kings Mountain.
Try our Job Department !
WIDE WORLD
The. Federal circuit court of New
York, has declined to issue an order
restraining a jeweler of that city from
selling Waltham watches at losslhan
the manufacturer's scale of prices.
Tiie dealer buys his watches in Eu
rope and ships them to the LTnited
States, underselling regular dealers'.
New York city has Li'j different
kinds of manufacturing industries,
clothing and millinery standing first
in volume and employ a quarter of a
million people.
A plot of ground, 734x100, located
at Fifth avenue and 42nd street, New
Yoi k, changed hands last week alis'107
a square foot, a total of 2,250,000
The mother of ('has. Becker, the
condemned New York police lieuten
ant, died Friday. She never knew of
the desperate jdight of her son.
Postmaster General Burleson is
asking congress for an emergency for
appropriation of $1,000,000 to oper
ate the parcel post department to
June ."10.
J. A.Alford was iound not guilty
of the murder of W. S. Coulter, at
Trenton, Tei n., Friday. In August last
Alford shot -W.S. Coulter and hii son
Hardy Coulter, lawyers ro death.The
env.ritten lr.v was the de erse.
Secret service officers arrested a
g:tr.g of fivj counterfeiters in a cab
in in the woods near .fole fjielwv.
Fru'ay.
Two .' ed women :ne lorr f .
PiUslvj civic sj.-". & are aid
ing the o ice in enfor.'ii . in-- i'i
sjiitir.,; Gioin'ance of that ci:.
II. 1. Nowlan, a lawyer of Peoria,
111., committed suicide at Galva, 111.,
Thursday night, by throwing himself
in front of a passenger train. He had
forged names on a note for $3,000 and
a warrent had been issued for his ar
rest. Within four days after a new chief
of police took charge in Macon, Ga.,
last week he has confiscated two car
loads of illicit liouors.
Dr. B. C. Clai L Hyde is soon lace
his fourth ttia' at Kansas CiTy, i'do..
. . . ..... .... ...'. k.'..,... i.
Swope.
Yeggnien M'v- , n at Ttr
rel, N. C, Friday morning and got a
way with about 85,00, part of it be
longing to the Terrel postoffice.
Alabama women will petition fho
next meeting of the legislature of
that state for a law enfranchising wo-
Troutdale, re.,on Saturday, elect
ed a woman mayor, the second woman
to be elected to that office in the
.-tate.
Eight thousand extra postal clerks
have been put in the railway mail ser
vice during the past few days to help
handle the Christmas business.
John Alexander Gladstone Dowie
son of the founder of Zion City, has
been ordained as an Episcopal minis
ter in Chicago.
HORN-WILK1E
Popular Forest Cily Couple Surprise
Their Friends Both Well Known
in This Sertion
Mr. W. Lester Horn and Miss Ber
niee Wilkie drove to Rutherfordton
Saturday morning and were quietly
married at the home of Judge and
Mrs. M. H. Justice, the ceremony be
ing performed by Rev. R. II. Herring
pastor of the Rutherfordton Baptist
church.
Forest City has had several sur
prise wedings this fall and winter
but none of them was a greater sur
prise than the union of these young
people. Miss Wilkie has been atten
ding school at Hot Springs and was
at home for :the holidays and no one
dreamed that the young people were
contemplating the step at this time.
Accompanied by Mr. and Mrs. Earl
Fortune, they drove to the county
seat and had the knot tied.
Mrs. Home is the daughter of Mr.
and Mrs. C. A. Wilkie. She is young,
pretty and popular and has a score
of friends in this section. The groom
is one of the city's leading business
men. He is book-keeper for the Flor
ence Mills and secretary and treas
urer of the Forest City Building &
Loan Association. By his sterling
business qualities and gcnal manners
he has gathered about him many
friends.
Mr. and Mrs. Home will make their
home in Forest City.
Few Cases Before Recorder
The County Court has been almost
at a standstill during the holidays,
only a few minor cases of drunk and
disorderly being chalked up on the
docl of. l.'evovder Blanton is off on a
Week's vacation t.nd Pecr'-de'' Pro
Tern Horace Elliott is at tV M .
J5- "V