MOORE COUNTY’S
LEADING
NEWS-WEEKLY
THE
A Paper Devoted to the Upbuilding
VOL. 13, NO. 26.
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PILOT
FIRST IN NEWJj,
CIRCULATION &
ADVERTISING
of the Sandhill ^ ^ory of North Carolina
Aberdeen and Scuthern Pines, North Carolina, Friday, May 26, 1933.
- r>- r>
FIVE CENTS
Officials of
BankofVass
Are Indicted
W. F. Junge Led Nigration of the
Pennsylvanians to the Sandhills
Born in Schleswig-Holstein, He
Has Spent Many of His
80-Some Years Here
Charged with Accepting Depos
its After Insolvency and Mak
ing Illegal Loans
By Bion H. Butler
A feature of life in the Sandhills
is the diversity of people encounter
ed. Last week on my front porch I
discussed with a man from Japan the
difference between the American and
the Japanese attitude of thought and
TRIAL AT AUGUST TERM i habit of observation. A few days pre
viously a visitor who was familiar
Officers and directors of the
Bank of Vass, which closed its
doors on September 10th, 1931 and
has been in Tiquidation under the
State Banking department since
then, were indictcd on Tuesday
by the Grand Jury for the May
term of criminal court, in session
this week at Carthage.
J. A. Keith, president of the insti
tution; D. A. McLauchlin, cashier, and
with English jurisprudence, sitting in
the same spot, told me his experience
in the courts in London. A short time
ago a man prominent in affairs told
me of things in Greece, things of
which he had close personal knowl
edge.. A woman called me one day
by telephone to say she had not seen
me since 1 was at her house in Asia.
A day or two ago an old time friend
leaned over the desk in the postof
fice and incidentally referred to the
days when he was in the German
Musical Thief
Enters Home of The Misses
Schwarberg in Southern
Pines and Steals the Radio
A burglar with a flare for mus
ic slashed his way into the home of
the Misses Schwarberg on New
York avenue. Southern Pines, the
other night while the owners of
the house were visiting friends in
Aberdeen. We say slashed his way
in advisedly.! He gained admission
by cutting great gashes in the
screen-in porch. His loot—oh, yes!
He walked off with the family ra
dio; that was all except an empty
pocketbook.
CAMERON RECITES I Plans Set ii’t lotion for
PROBLEMS FACED
BY LEGISLATURE
Fears Sc4iools Cut May Be Too
Drastic; No Funds for
New Highways
Orderly Liquidation of
Page Trust Company
J.H. Gardner, assistant cashier, were with Napdeon of
. , I trance in 18<0. He was W. r. Junge,
indicted for allegedly accepting de
posits knowing the bank to be insol
vent.
D. A. McLauchlin, A. D. McLauchlin
and P. L. Gardner were indicted for
one of the oldest settlers of South
ern Pines, and one of the most enter
taining and intelligent of its inhab-
some : ars past
eighty and has lived much of his life
in Moore county. He came from
Schleswig-Holstein, up there on the
Danish frontier of Germany soon af
ter Germany had tied hard knots in
18 GET DIPLOMAS,
MANY WIN PRIZES
AT ABERDEEN fflGH
Graduation Exercises “Broad
cast” From School Auditor*
ium on Tuesday Night
H. LEE THOMAS SPEAKER
all6g^dly making loans to them
selves and others to the amount of
20 percent of the bank’s capital.
A. D. McLauchlin and Gardner were
directors of the bank, as were the of
ficers mentioned above.
Bail was fixed by Judge J. P.
Harding of Charlotte, presiding at
this week’s term here, for appearance. . , „ , , i j j j • j n
^ I United States about the same time, ridors and filled every window .Bill.
of the defendants at the August term curiously enough they both came! After the members of the gradnat-
With a stage setting to resemble
the ears of' the French in the brief' « broadcasting station, “Station
of “The Year of Slai’Vfhter.” j A. H. S.,” eighteen Seniors of Aber-
war
Soon after leaving the army the young , deen High School put on their grad-1
man came to the United States, land- uation exercises in the school audi- ^
ing in New York. A young woman, torium on Tuesday night before a
from Deutschland also came to the ■ crowd which overflowed into the cor-^
of court.
Meanwhile, Charles S. Gay, liqui
dating agent, is offering for immed
iate sale the real estate owned by
the closed Bank of Vass, consisting
of the bank building and the Paul
Joyner house in Vass. Mr. Gay is de
sirous of paying the depositors as
early as possible, hence this offer of
immediate sale.
The depositors have received one
five per cent dividend since the bank
closed more than twenty months ago.
44c ;’.o A'oi^h Carolina Sandhilb about' class had completed their ex-
the same time. | ercises, H. Lee Thomai, county super-
But before coming south they went i intendent of schools, with a few fit-
up into the wilderness of Potter , ting words of congratulations and ad-
Dewberry Market at
Vass Opens Monday
Chadbourne Marketing Associa
tion to Have Charge of Sales
of Local Crop
Monday, May 29, has been set as
the date for the official opening of the
Vass auction market, and all is in
readiness for handling a large volume
of dewberries. As was previously an
nounced, the market will be operated
by the Chadbourne Marketing Asso
ciation, an organization with some
thirty years experience in marketing
strawberries.
Lacy Tate, secretary of the asso
ciation, will have general 'supervis
ion of the marketing here. H, Wal
lace will be the auctioneer, W. F.
Smith, Jr., will 'be in charge of the
paying office, and W. C. Edmund will
assist in the selling shed. These men
are from Chadbourne and are exper
ienced in auction market business. L.
H. Furr, Vass business man, will be
at the shed again this year to assist
with the work.
The Chadbourne Association has
erected a new selling shed a short
distance below the one used last
year, and a paying office only a few
yards away where the farmers will
receive their cash as soon as the sales
are made.
Enough buyers to take care of the
first offerings have been here daily
since Wednesday of this week, and
Mr. Tate expects to have many more
on the floor by Monday, the official
opening date. Market reports will be
received by wire daily and every ef
fort will bei made to procure top
prices for the farmers. There will be
no state-federal inspection of ber
ries on this, market this year, it is
announced.
Crates to supply the demand will be
kept in the brick tobacco warehouse,
county, Pennsylvania, back there
where Ole Bull, the famous Norwe
gian violinist, had founded an enor
mous colony, although the Junges hit
Potter county long after the time of
the experiment. Mr. Junge was a mil
ler and he found a grist mill that
needed an operator and he promptly
secured it and as it was the only
thing of its kind and quality in the
neighborhood he soon had his mill
running night and day, and he pros
pered.
Big Real Estate Deal
A little later the marvelous oil fev
er of the Bradford field broke out and
he went there and began teaming for
the contractoi*s. He added to his pos
sessions, and then one day Frank
Goodyear, who had been cutting tim
ber from the vast Potter county for
ests which Goodyear brothers owned,
suggested to Mr. Junge that he would
like to arrange with him to cut that
land into small tracts and sell it for
farms. The oil country contmctor edictory.
signed up for the job, printed a big
stack of circulars and went down to
New York on one railroad and came
back on another, leaving a liberal
number of circulars at every station
vice, presented diplomas to the fol
lowing:
Flora Lee Freeman, Nell Pryor,
V'era Paul, Charlene Parker, Made
line Folley, Hazel Palmer, Katharine
Johnson, Mozell Darnell, Drewry
Troutman, Norfleet Pleasants, Mere
dith Park, Jim Gailey, Allen Freeman,
Fred Weaver, Raymond O’Cain, Clif
ton Blue, Henry Page Wilder and
Jesse Carter.
Meredith Park opened the exer
cises by announcing through the mi
crophone the purpose of the gather
ing and by calling on the various class
officers for their “broadcasts.” Miss
Freeman ^uve the president’s ad
dress, Miss Pryor a recitation, Miss
Darnell the class poem, Raymond
O’Cain the class prophecy, Drewry
Troutman presented the gifts to the
Seniors, Fred Weaver gave the class
history, Jim Gailey the class statis
tics, Henry Wilder the last will and
testament, and Jesse Carter the val-
After the diplomas were presented
Superintendent of Schools R. C. Zim
merman called upon John W. Graham,
■J. Vance Rowe, J. G. Farrell and Dan
L McKeithen to present the prizes
awarded students for excelling in
studies during the past year.
Many Prizes Awarded
Mary Margaret Burney received the
$2.50 prize given by G. C. Seymour
for the child making greatest im-
Representative A. B. Cameron, back j provement in the fifth, sixthj and
from the long session of the General ^ seventh grades. Max Wicker receiv-
Assembly where he looked after the j ed the $2.50 prize given by Dr. and
interests of Moore county, told mem- Mrs. H. E. Bowman to the boy show-
(Please turn to page 4)
CAMERON TELLS KIWANIS
ABOUT GENERAL ASSEMBLY
bers of the Kiwanis Club some of his
experiences in Raleigh at the club’s
meeting on Wednesday. The meeting
was held in the new community hall at
West End, an attractive building and a
splendid adjunct to the social life o}
that section. Ai fine luncheon was
served “by the ladies of West End.
M. C. McDonald, a Kiwanis alumnus,
welcomed the club, and Herbert Vail,
Kiwanis president, responded.
Mr. Cameron’s talk was much in
line with his statement made to The
Sentinels and published in another
column of this week’s Pilot.
PREPARE FOR COMMENCEMENT
Seniors of Southern Pines High
School are busy rehearsing their parts
for the- commencement exercises to
be held the week of June 5th. A com- given by the Masonic Lodge for the
ing the greatest improvement in the
second, third and fourth grades.
Katharine Rowe and Marjorie Brooks
tied for the $2.50 prize given by Bry
an Drug Store for the girl showing
greatest improvement in the second,
third and fourth grades.
Carol Bowrman and Helen Clarke
Capps received the $2.50 prizes given
by Flinchum’s, Standard Store and
Sanitary Market for making' the
greatest improvement in Mrs. D. I.
McKeithen’s music class. Raymond
O’Cain received the $5.00 prize given
by Dr. A. H. McLeod as a memorial
to his mother for the pupils excelling
in Latin. Elbridge Park received the
$5.00 prize offered by Page Trust
Company for the pupil excelling in
mathematics.
Fred Weaver received the medal
FORCED INTO SALES TAX
Angus B. Cameron, Moore county’s
representative in the General Assem
bly, has issued a statement telling how
he voted on various important meas
ures during the session just adjourn
ed and explaining the reasons that ac
tuated him in casting his votes. This
statement hag been made or the in-1
formation of all his constituents at
the request of The Sandhills. The
statement is as follows:
When the Legislature met Januai-y
4th, it was confronted with a deficit |
of something more than $10,000,000.!
Practically every member was
pledged to cooperate in removing the
fifteen-cent ad valorem tax for schools,
a general lightening of the burden of
tax on real property, and to provide
for a balanced budget. The treasury
was empty, the State’s credit was
prostrate, and the usual sources of
revenue were practically exhausted.
Economy was the slogan, commit
tees were appointed to investigate the
different departments to determine
what reductions could be made, both
as to number of employees and sal
aries, without impairing the essential
service. A committee was appointed
to work out a plan of reorganization,
whereby the non-essential would be
eliminated, and consolidations made
wherever practicable.
There were two schools of thought
in that body. One advocated most
drastic cuts even to the extent of
eliminating or shutting down some
departments and closing the public
schools for a period of two years, if
necessary, to balance the budget. The
other advocated strictest economy at
every point, but felt that it would be
false economy to destroy or let go
to waste those things which had been
built up through the years at con
siderable cost and were serving a
good and useful purpose, and w'e felt
that, while every possible economy
should be practiced in operating the
schools, the children were entitled to
their opportunity, and to cut the
schools below the point of essential
efficiency w'ould be an irreparable
wrong, not only to the children, but
to the State as well. It soon became
evident that a compromise was the
only solution. It also became evident
that some form of sales tax was in
evitable.
Sales Tax Only Solution
The appropriations committee work
ed long and diligently in an effort
to reduce appropriations to the low
est possible limit consistent with ef
ficient functioning of the departments-
and institutions. The House rejected
the committee’s report, and by
amendments, cut down a number of
items. The Senate rejected most of
the House amendments, and restored
most of the items to the committee
figures, even raising a few. The
House refused to concur in the Sen
ate amendments. A con' ence com
mittee was appointed. In due course
of time the conference committee sub
mitted a compromise report which, af
ter considerable debate, was adopted.
This compromise report carried in it
provisions for an eight months State
supported school to *be financed by a
sales tax, and the elimination of lo
cal ad valorem tax for that purpose.
In round numbers the 1933 appro-
Vote Opposition
Forty Depositors of Raleigh
Branch of Page Trust Op
pose Merger Idea
Forty representative depositors
of the Raleigh branch of the
Page Trust Company Wednesday
voted unanimously their desire
that the bank be liquidated in
stead of included in a proposed
new bank.
The action was tantamount to re
jection of the plan approved by
Gurney P. Hood, Commissioner of
Banks, /hich would include the
batik in the organization of a new
bank to include the North Carolina
Bank and Trust Company and the
Independence Trust Company.
The chairman of the meeting,
Charles E. Johnson, was directed
to file protest to the proposal with
the clerk of court in Moore county,
where the Page Trust Company is
incorporated.
Holders of an aggregate of one-
third of the deposits in the bank,
w'hich has branches in 14 North
Carolina communities, must protest
he plan in order to secure its aban
donment. Meetings of depositors of
other branches are in progress.
Objections were based on the
provision that $300,000 of the best
unpaid assets of the existing bank
must be converted into common
stock of the proposed new bank.
Commissioner Hood Believes De
positors Greatly Benefitted by-
New Merger Prc^osal
20% DIVIDEND RETAINED
BEST OUTLOOK IN
YEARS FOR CROPS
ALONG THE A. &R.
Grain, Oats, Wheat, Corn, Wat
ermelons, Poultry, Etc. in
Fine Condition, Says Blue
TRAFFIC HEAVY ON ROAD
I In accordance with plans for the
I liquidation of the three large State
I banking systems involved in the plan
I of reorganization approved last week
by Gurney P. Hood, State Superin-
' tendent of Banks, S. J. Hinsdale
^ Asheville liquidating agent took
charge of the Page Trust Company’s
foui’teen offices, including Aberdeen
and Carthage, this week. Local assist
ant conservators were named for each
branch, Dan I. McKeithen for the
Aberdeen office and P. K. Kennedy for
the Carthage office.
Formal notice is being given depos
itors this week of the complete reor
ganization plans for a new bank to
take over selected assets of the Page
Trust, the North Carolina Bank &
Trust Company and the Independence
. Trust Company of Charlotte. Plans
are finally worked out for the merger
of the three banks into a State bank
with initial capital and paid-in sur
plus of $1,500,000 were approved by
Commissioner Hood last week.
Objectional features of original
plans have been eliminated and only
a few objections have been filed, while
none of the various depositors’ or
stockholders’ committees have object
ed, Commissioner Hood states.
Depositors Benefited
I Approval was given. Commissioner
; Hood said, because he feels that the
I depositors of the banks will be great-
1 ly benefited when plans become ef-
I fective. These plans provide for a
100 per cent assessment of stockhold
ers: a waiver by the R. F. C. of its
rights to share in the first distribu
tions to depositors of 20 per cent;
distribution of all available cash to
depositors; sale of selected assets to
the new bank and distribution of pro
ceeds to depositors; no assets of the
old bank are encumbered by pledge or
lien of any kind to the^new banks;
after organization, all assets of the
old bank will be available for distri
bution to creditors and depositors of
the old bank.
The plan, Mr. Hood points out, does
not provide direct or immediate relief
for the present stockholders, but
there is a fair chance for ultimate
benefit to them. It provides for order
ly liquidation w'ithout the loss which
accompanies forced liquidation. Par
ticularly beneficial will be the early
provision of banking facilities for
communities now without them.
The banks will continue to receive
deposits, holding them for immediate
withdrawal, and will continue under
restrictions until reorganized. Depos
its will not be subject to action of
the liquidating agent, which will be
named merely for levying the stock
assessment. Depositors will select the
majority of the members of the new'
board, which will liquidate the old
“The best outlook in ten years for
farm crops along the Aberdeen and
Rockfish Railroad,” is what Will Blue
says of conditions out their line. Cot
ton is practically a perfect stand, the
crop is bigger than last year. On
every farm the tenants have good
crops of grain, and oats, wheat, corn
and other provender is abundant and
in good condition.
Di»rersification of crops is probably
carried to a greater extent than has
ever been known, and S. C. Olive, the
Hoke county demonstrator an A. and
M. man, is doing excellent work. To
bacco looks good, with a good stand,
and with a little rain should be all
that is desired. Gardens are sweet to
look at, while the poultry crops are
taking an entirely new hold on things
out in that section.
A big acreage of watermelons has
been planted, with a prospect of about banks, the depositors thug directing
(Please turn to page 4)
MASS MEETING TONIGHT TO
PLAN NEW ABERDEEN DAM
and S. W. Johnson of Chadbourne is' plete schedule of the program will be
in charge of this end of the business. | published in next week’s Pilot. '
(Please turn to Page 8)
A mass meeting of citizens of Aber
deen has been called for tonight, Fri
day, at 8 o’clock to hear plans for
the re/building of the Aberdeen dam
and to arrange for proper supervision
of the recreational features once the
lake is filled. Work of grading and
cleaning up the bathing beach has
been completed by the unemployed
and everything is in readiness for
the water except the important es
sential, the dam. It is understood that
funds for this purpose have been
raised, provided supervision of the
bathing beach is arranged .
1,700 cars, and probably 250 to 400
cars of cantaloupes will be market
ed. A new variety of cantaloupes has
'been planted on many of the farms, a
type that has proven good in the past
experiments, and the vines are prom
ising all along the line.
Chickens are attracting much at
tention. The Robinson brothers have
about 4,000 young chicks coming on,
and the scheme of hatching and feetr-
ing the little chicks is on a wholly
new basis, with hatching houses and
feeding trays that heat with electric
ity and all the modern tricks.
Good Market
Hugh Archy Cameron, head of the
Upchurch Mills at Raeford, has been
introducing some novelties there in
his methods, and as the big mill far
mers can bring in their oats, com,
wheat, soja beans and anything that
will make feed and have it worked up
int6 any kind of barnyard bill of fare
that mules, cattle, hogs or poultry
can call for. This makes a market
and controlling the liquidation, with'
aid and advice from Commissioner
Hood and his department. Due notice
will be given to depositors, creditors,
stockholders and others interested in
each community ir. which one of the
banks is locate<^, Mr. Hood states.
Highlights of the plan included in
Hood’s statement follow:
1. A lOft-per cent assessment of
the stockholders.
2. A waiver by the Reconstruc
tion Finance corporation of iio right
to share in its first distribution or
distributions to the depositors in the
sum of 20 per cent.
To Distribute (3ash
3. To distribute all available cash
to the depositors and provide for the
sale of selected assets to the new
bank and distribution of the pro
ceeds among depositors.
4. None of the assets of the old
!>ank will be encumbered 'by pledge
of lien to the new bank, and all pro
ceeds derived from assets of the old
for a lot of local farm stuff and sup- bank will be available for its deposi-
plies the local farm needs. Properly
balanced feeds of all sorts for all the
farm stock is made at the mill which
(Please turn to page 8)
tors.
5. The plan does not provide any
direct relief for stockholders, but it
(Please turn to page 8)