11 Advsrtissrs Wffl Fnd Oar Col
li tuns a Latchkey to Over Sixteen
II Hundred Martin Coast? Homes
VOLUME XXXIV—NUMBER 87
i
OFFICE DELUGED
WITH'PEANUTS IN
PAST FEW DAYS
Total of Over 200 Bags Are
Received in Exchange
For Subscriptions
Peanut deliveries made to the En
terprise Publishing Company in ex
change for subscriptions passed the 200
bag mark late yesterday, when ,the
special offer was withdrawn.'And now
the company starts the new year off
with 200 bags of peas on its hands
and the "peanut market temporarily
suspended." Surely encouraging, but
suffice it to say that the force is en
tering the young year full of peanuts
and hope, assuring every citizen who
exchanged a bag of peanuts for a sub
scription that he or she will receive
each week the very best paper that
earnest efforts will afford.
The Enterprise personnel wishes to
express its appreciation to those who
so willingly responded to the offer, and
it is the hope of each one of the force
that 1932 will be full of hapiness and
good cheer for every one of you.
The names of those subscribers
making deliveries since our last re
port are as follows:
H. E. Ray, VYilliamston, route 3;
*Jra Harrison, Williamston; Lonnie C.
Gardner, Jamesville, route 1; George
W. Martin, Jamesville, route 1; Jo
seph A. Griffin, Williamston, route I;
L. D. Hardison, Williamston, route 4;
S. O. Peel, Williamston, route 1; S.
L. Peel, Williamston, route 1; S. J.
Lilley, Williamston, route 1; M. D.
Taylor,- Williamston, route 5; Ira
Rogers, Williamston, route 1; W. P.
Hadley, Williamston, route 1; R. T.
Chance, Hassells; Oi lander Harrison,
. Robersonville route 1; H. L. Meador,
Williamston; Mrs. J. M. Bo wen, Wil
liamston; H. G. Simpson, Dardens;
Buck Rogers, Williamston, route's;
R. C. Griffin, Williamston, route 1; E.
0). Jones, Oak City; W. E. Price,
High Point; R. S. Price, Williamston
route 5; M. A. Price, Williamston,
route 5; J. A. Ausbon, Robersonville
route 1; H. B. Allen, Williamston
route 2; W. L. Jones, Williamston
route 1; Marvin Jones, Williamston,
route 1; J. R. Jones, Williamston,
route 1; J. G. Peel, Jamesville route
1; J. H. Uailey, Jamesville; C. A. As
kew, Jamesville; Dave Davis, James
ville route 2; A. F. Taylor, route
S; G. C. Griffin, Williamston route 1;
S. D. Griffin, Williamston, route 4;
W. H. White, Williamston route 5;
John Hadley, Williamston route
Katie Lanier, Williamston route 4; W.
Berkley Rogers, Williamston route 1;
''John H. Roberson, Williamston route
S; B. R. Manning, Williamston route
4; C. C. Coltrain, Jamesville route 1;
Joe Wynn, Williamston route 2; Will
Mobley, Williamston route 2; G. W.
Hodges, Washington route 1; A. B.'
Rogerson and Brother, Williamston,
route 5; Samuel Rogerson, William
ston route 2; Beulah Roberson, Wil
liamston route 4*, David Modlin, James
ville route 1;. S. A. Perry, William
ston route 1; Henry T. Brown, Rob
ersonville route 2; Rosalie Slade, Wil
liamston route 2; Lewis H. Lilley,
Jamesville route 1; Ira Peed, William
ston route 2;, D. D. Stalls, William
ston; Mrs. Zenovia Haislip, Hassells;
H. D. Cowen, Williamston route 2;
St JB",'.' .Zltrityer, Oak City; Ed Peel,
Williamston roiite 2; J. D. Britton,
Williamston route 2; J. Arthur Wynn,
Williamston route 2; Joe G. Modlin,
Jamesville route 1; Mrs. D. D. Co
burn, Jamesville, route 2; J. Frank
Matthews, Robersonville, route 2; An
nie E. Savage, Oak City; C. B. Roe
back, Williamston; Jesse Keel, Ever
etts; 1. F. Griffin, Williamston, route
1; J. Eason Lilley, Williamston route
1; F. C. Stailings, Jamesville route 1;
E. G. Waters, Jamesville 2; Mrs.
Lillie Wynn, Williamston 2; Mrs.
J, E. White, Williamston Route 3.
■ ♦
Plan TO Complete Prison
Camp Early In February
With fair atid fairly seasonable weath
* prevailing, builders will complete
the erecfc?. -of the State Highway
prison camp, near here, the latter part
ol this month or early in February,
Superintendent Jim Thompson stated
yesterday.
Heavy construction on the home for
the guards was nearittg completion late
yesterday and other buildings are fast
taking shape. Frame work was corn
pitted on the laundry yesterday, and
workmen, numbering 40 in all, were
tnpking ready for foundations for the
dining fcfll and main prison bouse. i
♦ ' r-'
Loose Mule Killed Near
Here Wednesday Night
.. ♦
A mule, belonging to Mr. Lee
Hardison, of Williams township, was
run down and killed on Highway No.
90 near Holly Springs church last
Wednesday night by a truck or an
automobile. The driven whose Men
tity had aot been learned this morn
r« ing, CJiftjpucd without reporting the
accident. Breaking out of the Hard
ison stables, the mule waa running
loose when struck and killed by the
machine '
1;
THE ENTERPRISE
• Williamston, Martin County, North Carolina, Friday f January I, 1932
| License Plate Sale
Progresses Slowly
—♦
HE'S THROUGH! I
■* 1
Harrodsburg, Ky., Dec. 31.—A
discouraged fanner here who had
watched his ,1931 tobacco crop sell
for almost nothing on the local
market, turned to the bystanders
and made this remark:
"Heck! What'* the use of rais
ing crops? I'm never again go
ing to aay 'git up' to a mule unlets
he's aettin' in my lap"
The tobacco market has estab
lished a new low price mark this
year.
DEATH OF MRS.
LAURA MARTIN
IN JAMESVILLE
•
Greatly Beloved Woman Is
Victim of Cancer; Final
Rites Monday
♦
Mrs.. Laura Martin, 54 years old,
died at her home in Jamesville late
last Saturday night of cancer. She
had been in declining health for more
than a year.
The daughter of the late Joseph C.
Jordan and wife, Charity Latham Jor
dan, Mrs. Martin was born in James
ville, where she spent all her life save |
for a short time when she lived in ;
Williamston. In early womanhood j
she married Mr. William H.. Martin, |
who preceded her to the grave a num- i
ber of years ago. Mrs. Martin, be- |
loved by many friends throughout the
county, is survived by five children,
William Martin, of New York City;
Misses Fannie Latham Martin, Kate
Martin, Hazel Martin, and Harry Mar
tin, all of Jamesville. Mrs. Maggie ,
Davis, a sister of Portsmouth, also sur
vives.
Funeral services were conducted 1
front thf late home' last Monday
morning by Rev; J. W.. Harrell, pas
tor of the Plymouth Methodist church.
Interment was in the Martin ceme
tery, near Jamesville.
A large number of friends were in
attendance upon the last rites, and* a
large floral offering marked the esteem
in Which she was held.
NEW STAMPS ON
SALE SATURDAY
Commemmorate Bicenten
nial of Washington's
Birthday
New postage stamps issued to com
memorate the bicentennial observance
of George Washington's birth will be
placed on sale here January 2, it was
learned today.
They will be a ssries of twelve, from
one-half cent to the
nation. These stamps will show Wash
ington as he was painted at different
times in his life by different artists.
The two-cent stamp will bear the
likeness of George Washington as
portrayed by the Gilbert Stuart Athe
t naeum portrait, done at Germantown
in 1796. Already this portrait has be
[ come generally known among Ameri
cans because of its use on the one
-1 dollar bill.
! •
Night-time Communion at
\ the Baptist Church Sunday
I A night-time communion service will
be celebrated at the Memorial Bap
tist church Sunday night at the 7:30
o'clock meeting time. Not having had
a communion service for some time,
1 it is very important to the membership
ito be present for this celebration of
1 the Lord's Supper.
At the morning hour the pastor will
preach. The Sunday school, B. Y. P.
U., and all church activities begin their
, full time after the holiday programs.
The church welcomes back into the
j community the teachers who have
been absent during the holidays; its
' wishes follow j the young men and
women who now go back to the vari
' ous educational institutions to resume
1 their studies; its solicitation it wishes
■ to express for those who are ill; and
t to wish for a happy new year to all.
Fire Company Called Out
Twice During Past Week
■ ■ •
The local fire company was called
i out twice during the Christmas season,
i each of the calls amounting to very
. little. A broom-straw patch caught
t fire on Haughton Street, and the com
i pany was .called to put it out Wednes
• day afternoon before Christmas.
Last Sunday, night, an automobile
! poured a smoke screen around the At
- lantic Hotel, and the company was
; called out. The car had passed on,
t 'and following an investigation the
truck was returned to the station.
EXPECT RUSH AT
LOCAL BUREAU IN
NEXT/FEW DAYS
»
Patrol Will Use Discretion
In Enforcing Tag Law,
Jeffries States
No rush has yet marked the sale of
automobile license tags at the local
bureau of the Carolina Motor Club in
the Williamston Motor Company
building on Washington Street, but
the distribution has continued rapidly
and evenly, Manager Green stating
late yesterday that the sale this year,
so far, was equally as good as it was
last year up to the same time. Com
paratively few tags have been
however, and it is believed that a rush
will be very much in evidence within
the next day or two.
r Sales at the local bureau up until
late yesterday included 1,094 tags to
car owners and 127 plates to truck
owners, representing a cash outlay of
approximately $17,000. A goodly num
ber of trailer-truck licenses have been
ordered through Mr. McKenzie, reve
nue department inspector, who is lo
cated here. * .«►
There has been no extension of time
granted for the purchase of plates, and
automobile owners operating without
' proper licenses are subject to prose
cution. However, according to a state
ment by Chairman E. B. Jeffress, of
the State Highway Commission, there
i will be no arrests made by patrolmen
within the next few days of those fail
ing to display 1932 tags. Mr. Jeffress
did urge auto owtfers to purchase
their new tags as soon as possible.
The State Highway Commission, as
lie showed, has no authority to extend
the time limit for the use of old plates,
but simply has discretionary powers
jas to enforcement. In other words,
it is against the law to use old tags
now, but the commission will not ar
rest you within the next few days for
violating the law.
During 1931 there were 443,446 mo
tor vehicle licenses issued. The last
tabulations made yesterday revealed
that only 90,855 of the 1932 licenses
had been sold, approximately 16,000
under the number sold to the corre
sponding date last year.
One or two vehicles, running with
out proper licenses, were stopped on
the streets here this morning by Pa
trolman Russell tlraswell who re
quired the owners to comply with
the law before moving them. One of
the vehicles stopped, a truck with a
trailer with no breaks on the latter,
was carried to a garage where certain
requirements will be met.
Trailer owners will find it to their
advantage to talk with Inspector A.
McKenzie at the Williamston Motor
Company and follow his instructions.
It might save you time, money and
possible embarrassment later on.
. 1
Cotton Growers To Strive
For Quality In New Year
Raleigh.—Two hundred thousand
organized cotton growers will strive
for quality in 1932.
They will receive every possible
assistance in reaching their goal from
the 11 state cotton cooperative associ
ations of which they are members and
whicb wilt continue to distribute im
proved seed and otherwise work to
aid and encourage farmers to first of
all grow quality cotton.
The North Carolina cooperative
has distributed thousands of bushels
of purebred seed during the 10 years
of its existence and is now making
Business of Cooperatives
Increased by $100,000,000
Raleigh.—Despite the fact that it i»j
measured in much lower values, busi-|
ness of cooperative associations has
increased by $100,000,000 since the (
farm board was ■ organized, official
figures show.
Cotton handled cooperatively in
1927-28 was 825,786 bales, which was
increased last season to 2,442,001, an
increase in actual bales of 147 per
cent. -
( QUIET CHRISTMAS""}
Peace and quietness surrounded
the observance of the Christmas
season bsre, very few accidents or
minor mishaps being reported.
Pram the 22nd, or the Tuesday
before Christmas, until yesterday,
the sheriff's office recorded 15 ar
rests, many of the number result
lag from prohibition raids in this
and surrounding counties. Only
two persons wore jailed for being
drank and disorderly. The earry
ing ol concealed weapons account
ed for four of the IS arrests. I
29 BAGS OF SUGAR
SEIZED IN RAID TO
BE GIVEN NEEDY
19 Bags Will Be Distributed
In This County by Local
Welfare Committee
• - -
Nineteen bags of sugar were turned
over to welfare workers here this
week by Federal Prohibition Agents
Lloyd Brinson, John L. Lancaster, J.
H. and Warren Roebuck following a
raid made in Beaufort County, 10
miles below Washington. Twenty
nine bags of the sweetening were con
fiscated by the agents, the remaining
several bags being turned over to wel
fare agencies in other counties. The
raid was one of the largest made in
this section in some time, and resulted
in the largest gift yet received by the
local welfare department of the Wo
man's Club.
The still, one of 300-gallon capacity,
was destroyed along with 80 gallons
f of liquor, a large quantity of beer and
much equipment. Willie Gray Haw
kins was taken in the
Mrs. L. B. Harrison, a member of
the local welfare committee, will have
charge of distributing the sugar, and
although it has not been definitely stat
ed, it is understood that the welfare
workers will sell a portion of the sugar
and use the money in making pur
chases of other foods and clothing.
14 PERMITS TO
MARRY ISSUED
—=-«
Christmas Weddings Fewer
Than Has Been Case in
Former Years
'
The Christmas season boosted mat
rimonial activities in Martin County
last month, but even then the num
ber of licenses sold by Register J.
Sam Getsinger was very small. Four
teen licenses, the second greatest num
ber issued in any on emopth in this
county during the past year, were sold
at the county courthouse, eight li
censes going to white and six to col- '
ored couples.
During Christmas week, 1930, more
than a dozen couples applied for li
censes at the register's office. This
year the number was hardly more than
half that many, the decrease being
particularly noticeable among the col
ored marriages.
Licenses wire issued to the follow
ing cuples during the mbnth closing
yesterday:
White
Jack Pritchard, of Pitt County, and
Sophie Taylor, .of Martin County. |
Admond Dewey Long and Margar-i
et Wright, both of Martin County. "
Herbert S. Williams and Rosa Lee
Beacham, both of Martin.
Nathan Bullock, of Martin, and Les
sie Taylor, of Pitt.
Henry A. Baker, of Pitt, and Olivia
Tripp, of Martin.
Elmer Hardison, of Martin and Hat
tie May Woolard, of Beaufort.
James L. RobeMfen and Lucy L.
Warren, both of Mmin.
George Ben Manning and Dora M.
by>f) of Martin County. |
Colored
John Thomas Mizelle and Minnie
Bell Little, of Martin County.
Irving James and Beatrice James,
both of Martin.
Eli Wilson and Mary Johnson, both
lof Martin.
Paul Baker and Florence Mitchell, i
i both of Martin.
Frank Barnes and Mary Leathers,
> both of Martin.
i Willie Simmons and Annie Puckett,
j both of Washington County..
FRANK COX GETS
AWAY FROM FARM
I ——
i Martin County Man, Under,
| 30-Year Sentence, Makes !
Escape Sunday
i —• —
I Frank Cox, young white man, con
! victed and sentenced to 30 years in the
I State prison for the murder of J. H.
I Jolly near Everetts in 1929, made his
' escape~from the Caledonia farm last
Sunday, and was still at large yester
day, according to reports received here.
Cox is said to have visited in this
county immediately after his escape
from the farm in Halifax County, but
officers failed to find him in a search
made Monday qiorning before day. A
r $25 reward has been posted for his
arrest.
* Cox, a trusty on the farm, was driv
ing a milk truck, and made his escape
when he deserted the truck along the
road, near the farm.
13£00 Farmers Belong to
Cotton Cooperative Group
— 1 ■
Raleigh,—Membership in the North
Carolina Cotton Growers Cooperative
Association hat increased nesrly 2,-
000 in tbe last year and now totals
13,500, General Manager U. Benton
Blalock announced yesterday.
• ,r - : -
" * **
iy , ■
Ff. JB »
Suits Are Instituted
Stockholders ofF
NEGRO FATALLY
HURT IN WRECK
LAST THURSDAY
——
Another Is Seriously Hurt
When Wheel Runs
Off Truck
* ,n : i.
Sylvester Brown, local negro, died '
in a Washington hospital Satur- !
day of injuries received in a truck
wreck the Thursday before. George
Stokes, riding with Brown at the time,
is_ in the hospital, where his condi
tion is considered grave. Suffering an
injury to his back, Stokes has no use ,
of his lower limbs.
Employed by Messrs. Roberson and
Peel, Brown was driving a log truck '
between here and Washington when a j
wheel ran off, causing the machine to 1
turn over several times. Brywn suf
fered a broken leg and internal in- |
juries. Pneumonia develo|K*d later, I
and that resulted in his death. Im- |
mediately after the wreck, Stokes and |
Brown were removed to the hospital,
where Brown was operated on late 1
Friday, Stokes was operated on last
Tuesday.
The truck, a Chevrolet equipped for
hauling logs, was demolished.
As far as it could be learned, this
wreck was the only one occurring in
this immediate section during the holi
day season.
CONGRESS MEETS
AGAIN ,MONDAY
i
Tariff Measures and Taxa
tion Will Be Given the
Right Of Way
Tariff measures and taxation will be
given legislative right of way in the
' House next week when Congress re- j
I convenes following the short recess
for the Christmas holidays. Already
much argument and dispute have de?,
veloped as a result of the proposed,
legislation, and still more is expected
when the matters are sent out of
committees.
| Although no formal announcement,
of the plans were made, Speaker Gar-'
1 ner conceded today that the tariff
I "might' possibly" be considered by the
House before the ways and means
committee completes the tax hearings.
| I.ater both Democratic House Lead
! er Rainey and Chairman of the Ways
and Means Committee Collier affirmed
the plan to put the tariff measure ahead
|of the tax bill. Tliey indicated that
if the ways and means committee re
j ported the tariff bill early next week,
it could be brought up for considera
j tion almost immediately.
' No general revision of rates is con
templated. The Democratic leaders
previously have declared that under the
present political situation with a Re
publican President, it would be futile
j io undertake such a measure in view
I of a certain veto.
♦
Many Carolina Farmers
Own Cars, Report Shows
Raleigh.—North Carolina farms had
| 132,876 automobiles on them in 1929,
I the census bureau has reported, and
I the machines were found on 125,196 of
1 the farms in the state, which was 44:8
per cent of all farms. ■
I There were 17,613 farms Which re
i ported a total of 18,558 motor trucks
j on them.
North Carolina led all States of the I
South Atlantic ' territory in number
of tractors when 11,426 were reported
!on 11,034 farms, which was 3.9 per
, cent of all farms.
There were 2,320 electric motors re
ported oh 1,633 farms and 4j,931 sta
i tioriary gas engines were reported on
4,547 farms.
♦
Postoffices And Banks
Enjoying Holiday Today
•
Today, New Year's, was observed!
as a holiday by the banks and post
offices, no mail deliveries being made 1
in the rural sections or in town by the |
carriers. Business will be resumed as
usual tomorrow.
F FIRST MONDAY )I
v -»
Firtt Monday of the new calen
dar year promitet to be a quiet
one, at far as county. officials are
concerned, reports received from
th eoffices of county oemmission
ers and board of education indicat
ing that no mattera of any partic
ular interest would be up for dis
cussion during the day. Both __
boards are scheduled to meet,
however, and it is almost certain
that tbe needs of unfortunates and
a few tan matters will be discussed
bsfore the day ie spent, '
I HAPPY NEW YEAR J
The old year was "tooted" out
and young 1932 was ushered in
i by the sounding of bells, an occa
-1 sional fire-cracker report, a whoop
and a yell from various quarters
here last night and early this
| morning, but fof many it was just
! the passing of another year, and
| the beginning of another, the
j change causing no great disturb
ances in their minds.
Every one, or nearly every one,
j was glad to see '3l make its exit,
and somehow or other there is a
! mere pronounced hope in the talk
j of every one for a better year this
1 year.
j Happy New Year.
MRS. FANNIE N.
HASSELL DIES
HERE MONDAY
• »
Had Been In 111 Health for
Many Months; Funeral
Held Tuesday
Mrs. Faiinie Nichols Hassell died at
the homo of her daughter, Mrs. Emma
Hoyt, i n Williams Street here last
, Monday afternoon at 4 :30 o'clock, fol-!
j lowing an illness of niiiny. months
duration. Suffering much during the
1 past few months, Mrs. Hassell's death
was expected for several days.
| Horn in Washington County in Si\>-
i tember, 1855, she was married to tjJe i
] late \\ alter B. Hassell, one of Mar
tin's prominent and leading citizens,
I
18*3. 'Since her marriage she. made
I her home in Williamston, gaining a
i large friendship. and a high esteem
: during her residence liijre. Mr. Hassell
preceded Ifer to the grave a number
lof years ago. In early life she at
-1 tended St. Mary's School, Raleigh, ami
later continued her education in Haiti
more.
Two brothers, J..R. Nichols, of Sa
vannah, (la., and Arthur Nichols, of
! Washington, N. C., survive. She also
I leaves two children, Mrs. F. W. Hoyt
I aftd C. li. Hassell, both of William-
I V '
I ston, and five .grandchildren, Freder
ick and Fugenia Hoyt, Lucille Has
sell, C. B. Hassell, jr., all of this
place, and Frances' Hoyt, of New
York City.
She was a communicant of the
Episcopal cliurch for. many years, and
it was in the Church of the Advent
here that the final rites were conduct
ed last 'J'uesday afternoon with the
Kev. Arthur H. Marshall, former rec
tor, officiating, „ Burial was in the
family plot in the Baptist cemetery
here.
Active pall-bearers were: J. W.
Biggs, W. 11. Higgs, Clayton Moore,
M. S. Moore, J. 1.. Hassell, Richard
Smith, Dr. I'. H. Cone, C. H. God
win. Honorary: J.' F. King, A. Has
sell, Dr. J. S. Rhodes, Dr. J. H. Saun
ders, A. R. Duunitig, F U. Barnes,
Harry Bitfgs, C. A. Jetlress, M. D.
Watts, and A. T. Crawford.
Out-of-town people attending the
funeral were Mr. J. L. Nicholson, Mrs.
William Blount, Mrs. J. E. Matthews,
Miss l.ucille Nichols, Mrs. Justus
Randolph, and Mr,. W. S. Wolfe and
son, all of Washington; C. A. Jeffress
and C. A. JefTress, jr., of Kiuston.
LOCAL MARKET
i WILL REOPEN
Resume Sales January 4th
To Run For Indefinite
Period
The Williamston Tobacco Market
will reopen next Tuesday for the con
tinued sale of leaf tobacco, it was an
nounced by the locd tobacco hoard of
trade today. All companies will be
represented next Tuesday and through
out the season, or just as long as the
| market operates, it was stated,
j No heavy sales are predicted during
! the remainder of the season, hut there
, is some tobacco scattered throughout
I the section, and the continued opera
tion of the market in January will be
of much conveneince to those farmers
who have not completed the sale of the
1931 crop,.
—i •
Fire Destroys Stables and
Tenant House in Hamilton
1
Fire of undetermined origin destroy
ed the stables and a small tenant house
belonging to B. B. Sherrod in Ham
ilton late last Wednesday night. One
hundred bales of hay, stored in the
barn, were destroyed, but the tenant
house occupants were able to save
their belongings, it was learned here
yesterday. (
The value of the property could not
be learned, but if j» understood that
there was the building!.
*
! Watch the Label On Year j|
I Paper Ai It Carries the Drta l|
| When Your Subscription Expires ||
ESTABLISHED 1898
i INDICATIONS ARE
THAT SUITS WILL
BE CONTESTED
Action Brought Against 171
Stockholders for Total
Of SIOO,OOO
; Suits, aggregating SIOO,OOO, were in
stituted here this week when the sher
iffs office started serving noti e on the
171 holders of stock In the old Farmers
.ind Merchants Bank, advising them
that they will be required to pay at
the rate of SIOO per share for each
share of stock held in the old institu
tion and for the cost of the action.
The suits, instituted by th ■ Branch
Banking arid I rust Company, a cor
poration, for and on behalf oj the
Farmers and Merchants Bank , are ex
pected to receive a bitter reception
on the part of the stockholders, and
reports heard soon after the first pa
pers were called to the attention of
the stockholders indicate that the suits
will be vigorously contested in the
courts.
For many holders, each share of
stock will represent a loss of nearly
$350, as they paict a premium for the
stock: and now they are held liable
for ,its par value.
Organized here in 190rt, the Farm-.
| er> and Merchants Bank operated as
a regular hanking institution until
February 12, 1930, when, by unani
mous vote of the directors, the hank,
j all its assets, including stockholders'
liability, were sold to the Branch
Branch Banking and I rust Company.
[ Stockholders' liability is the basis of
j the action, the plaintiffs suing on the
sale made by virtue of the authority
as contained in section 4, chapter 47,
.'of the Public Laws of 1927. A certi
fied copy of the minutes of the meet
ing of the board of directors of the
Farmers and Merchants Bank, at
which such action was taken, under
the oath of the president and cashier
|of the Farmers and Merchants Bank,
together with a copy of the contract
of sale and transfer, was filed with
, the Corporation Commission of North
[ Carolina and approved by that body.
All of the terms and conditions of
the sale and transfer of the assets of
. the Farmers and Merchants Bank, in
, eluding stockholders' liability, to the
Branch Banking and Trust Company,,
are fully set out in the written con
tract between the Farmers and Mer-
I chants Bank and the Branch Bank
[ ing and Trust Company, dated Feb
. [ ruary 12, 1930, and filed with the Cor
. poration Commission of North C'aro
. lina, which contract is referred to and
. made a part of the complaint.
Since the 12th day of February,
1930, the Branch Banking and Truit
Company, under the terms and stipu
lations contained in the contract and
I agreement, has been and still is en
. gaged in the liquidation of the assets
.jot the Farmers an I Merchants Bank,
The plaintiff alleges further that it
has been ascertained that the assets
turned over to it by the Farmers and
; Merchants Bank are not sufficient to
; pay the liabilities and obligations of
the old bank, and that in order to pay
the liabilities and obligations of the
, Farmers and Bank it is
I necessary to assess its stockholders the
i the full amount of their statutory lia
bility.
While many of the stoJkholders hold
only rrrrc share of stock in the bank,
there are others possessing as many
as 48 and 106, Dr. John D. Biggs
leading the list, with Mr. F. U. Barnes
I coming next with 48 shares.
Presbyterian Services In
the County for Sunday
I Sunday, v January 3, 1932:
. i "The Church With An Open Door."
, Church school at 9:45 a. m.
Worship service and serfiion at 11
a. m. (
Bear Grass
Sunday school at 9:30 a. m.
Worship service and sermon at 7
. p. m.
Roberson's Farm
Sunday school at 3 p. m.
Prayer meeting Thursday night at
> 7 p. m. '
Farm Life
Worship service and sermon at 3 •
p. m.
Start the new year right—come to
church Sunday. *
' No Session of Recorder>
k Court Held This Week
■ No session of the recorder's court A
■ was held here last Tuesday, the offi
: cers taking the day a* a holiday as
' announced previously. However, there
1 were few cases on the docket fof trial,
'■ and there are only a few cause* sched-
Present findings in the courthouse