North Carolina Newspapers

Bank Teller Arrested ; After Accused Cashier Involves Him In Crash N. K. Hart Held Under $15,000 Bond Pending Action of Grand Jury on Holland'* Allegation* OTHEKS IIINDEK KIKE Board nf Director* of Al bemarle Bank May Face Cbargiit at Result of Story /Told liy Holland F denying emphatically th:?t had used a single penny of Albemarle Bank's money, his own benefit, asserting lat N. E. Hart, teller, was implicated to the same degree that he was, and contending that the directors of the bank, had instructed him to meet various expenses that he ; could not have met by legiti mate methods, W. II. Hoi [ land, former cashier of the defunct bank, gave in detail his version of the events lead-' ihg up to the crash on Christ mas Eve in Superior Court, today. Holland was sentenced to three j Tears and nine mouths In the ; ?lkte Prison by Judge Grady at i the opening of court thin after aoon. The sentence was Im posed OWv%ach of the two counts in the tfte Indictment against him. with! ? proviso that both run concur- ! reotly At tbe close of the morning tew sion. Solicitor Walter Small drew, up charges against Hart, anil Judge H. A. Grady ordered that the teller be held under 115,000 cash bond pending action by the grand Jury on the charge against < him. Hart is accused of having been an accessory in the wrecking of the bank. JT Y?f Holland's statement Is cor Bjert, all the bank's directors ar?* too." Judge Grady com mented when the cashier had left the stand. The courtroom wqh i packed to overflowing, with col ored spectators outnumbering th?? i whltee three to one, and the] Judge's comment on the directors ! caused a perceptible Btir. The di- [ recto rate comprises some 25 col ored men. Including many of the leaders of the race In Elizabeth j City. Thr rough counsel, Holland en tered pleas of guilty to charges of harlng made false entries in the bank's records and thereby hav-' ing misrepresented the Institu tion's assets and liabilities, and or misapplication of funds. He of- J fered these pleas at th*? opening Of the hearing this morning shortly after 10 o'clock. How Hank Was W reeked On the stand, Holland told In detail of the method used in Jugg- 1 ting the bank's accounts so as to j COntesl Its real condition. He gave j his age as 42 years, and stat?d I he had aerved 16 years In th" Nary, afterward* having held a position as assistant cashier in a colored bank In Portsmouth for a period of six months Just b?-for? coming to Elizabeth City. Holland stated tho Albemarle i Dank had been organised when h? arrived here to accept s posl tloo an cashier in It. but It hai! not opened for business. He said the bank's books showed an authorised capital of 935.000 and ^aM-in capital of $15,000, but : tat IS. 000 of this was offset by i|e signed by the directors and 1 Minted by the Tidewater flank A Trust Company, of Norfolk. He j r testified that 97.000 to 98.000 si feady had been spent for station *TT. equipment, advertising; and on* other expenses Incident to pre- j paratlon for the opening, leaving ; him actually in hand only some $2,000 to start business on. Tho cashier stated further tliat ' the bank's directors gave him no tlce to pay all hills spproved by the late C. W. llrown. colored, at torney for the Institution, but that they did not spcelf) whence the j money to pay these hills was to , come. He said also that the dlr?-c- 1 tors had signed a 91D.000 note to ] tide the hank slonK l? the early summer of 1921, a yesr after the! Institution opened.. This, he add- ? HI, hsd been carried In the bank. I and up to Ihe time Its doors were I elosed. only 9400 had been paid on It. This note jras given. h? explain^, after an auditor from the 8tst?' Corporation Commission had discovered that the hank'*' capital stock hsd been Impaired to tHe'txtent of about 910.000. and* had told the directors that by ?Ualag It they could keep open the doom of the Institution Direr tor* Aie Blame*! jails note, he said, had to be renewed each six months, and \ wltH no leaitlmate funds from f l to meet j?ayment on It. and lw other expenditure? auth d by the directors, he hsd to "cut depositors' accounts time to time. Me Mated that Contlaned en Pave 4 Council Takes I'p Details Involved In Issuing Bonds A resolution authorlzii!;* the circulation ct pctuious union; property owners on Mrc'ln to b? paved under tin .i|Uari?T of a mil lion dollar improvement program undertaken this year. was passed last night by tin- City Council, in special session at the Chamber of Commerce. This step vuk taken upon tin advice of attorneys employed to handle the sale of the lu>nds. They advised that that con i s. was necessary to assure the validity o." the issue. and the getting of the b?*st price for them. A suKU?'stion sponsored hy tin* Itotary and Kiwanls Clubs, that Road street, from Khringhaus in the Newland Highway, and Main stre?}t, from Water to the Norfolk j Southern p&ssenge** /tat ion, be paved permanently in concrete, was taken under advisement by the Council. Hcpri-senta lives of both clubs were present. It was explained that Koad and Main streets. :ik designated, are links in th?? State highway svs tem, and will be traversed by vir tually all tourists and others paus ing through this section when the highway system at present under construction is completed. Mem ber* of the Council individually j express^ strong approval of the] idea. '] It was the consensus of opin-i Ion however, that in order to ef feet this latter improvement, it would be necessary to increaa:.' the $250,000 street bond issue In approximately $11 If*. 000. There was strong sentiment at the meet- I ing for such an inereoso, if found necessary, but definite action in the matter was deferred. All members of the Council j were present at the session excepl K. M Davis, who has been con- ] lined to his home for several days with a fractured collarbone, sus tained in an automobile accident I on the George Washington High-' way. Columbia Sheriff Gets Liquor Toters Chases Auto Carrying Con traband and Gets Men At Well As Corn Columbia. March 16. ? Thr?-e young mon, inspired by tlio repu tation of Kast Lake contraband, got a discouraging disappoint ment early Thursday morning. Sheriff A. J. Cohoon. getting wind of a Ford coupe's being loaded Ln Alligator township and having heard that the three men In It were on their way through Colum bia. deputized his son Karlc Co hoon. Stuart West. Levy Godwin and Carlton Vollva, and pouted himself with his deputies on the bridge over Scuppernong River, to await the arrival of the rum ear As it hove Into night, about 3 o'clock yesterday morning. Sher iff Cohoon commanded the driver to halt. Hashing bin light and drawing his gun, but the hurry ing flivver Increased Its speed and wan rewarded by one of Its tires being shot off by the sheriff'/ poswf. The car still going on. the sheriff and hla men got Into the sheriff a car and overtook the crippled Ford on Highway No. ?0, just two mile* rrom town. The men made a hasty effort to dis pone of the load, but were so hard pressed by the sheriff they took to their legs through the woods. One of them, giving his name as Dolph Kdwards, was overtaken and gave himself up. Another, IMiard Houghton. was found bv W. D Peale, deputy sheriff ot Washington County, In tho Nor folk Southern depot In Creswell, and wan arrested and delivered to Sheriff Cohoon. The third mem ber of the ganic is still at lsrge. described by sont" as J esse Dob bins. of Rosemary. Five Jugs containing Ave gal lons each, are said to be the amount of liquor raptured, one being broken by the flying men. together with the Ford coupe. Sheriff Cohoon says he has heard before that Houghton had been dealing In liquor in this county, bringing parties from Rosemary and Roanoke Rapids here to get the goods. (IKAXTKIt IMVORCK I A dlvofM wan granted Mm. May Crank from Charlie Crank, j formerly of this clfy. In Superior ' Court Tuesday morning. on stat utory grounds. A brass hand can make almost j a? much nols? ?? a haby when the j little fallow awakes at two In the moaning WHITE HOUSE SILENCE DEEP AFTER CONFAB President Saying Nothing ill Seven Language* Since Visit of National Commit tee Anti-Suluon League A FAIR TKIAL? President Once Kef erred to Prohibition a? Experi meiit That Oufrlit Have Fair Trial Iky liAVIIl I.WVUKM K itti ky The *(iiTf i Washington. March )(. ? i'ttll dent Coolldge's conference with the sub-committee of the National Executive Committee of the Antl-; Saloon Lea gue had stimulated con-! slderable discussion here an loi whether Mr. Coolhlgu will take an active or itasslve part iu the pro-; hibition controversy which is de^' veloplng dally In Congre*M. Beyond the fact I ha* miuie pending legislation relating to the. administrative sltl*> of prohibition wa? discussed, then* wan no Mate- ? luent issued either by the Whit** House or the Anti-Saloon League leaders. I'Bually. visiu of this kind ai^* followed by some word > of praise for the co-opera t Ion be- ' ins given by the Ch|??f Executive in enforcement of the law or some general comment on the sympathy of the President with the Volstead law. but ho far an can bo learned today. Mr. Cool-' idge made no statement to his caller* that could be const rue.l as an indication of^iis attitude to-: ward the efforts now being mado; ( to amend the Volstead Act. The President has been careful! in all his public utterance** to j avoid any specific mention of pro-] hibition enforcement, limply con- j tendirig that all laws should be obeyed and enforced. Now that! j the Congressional election* are a few months away and louie K? ! I publicans as well as Democrats iare serving notice of their Inten - , j tlon to run on a platform advo- ' eating modification of the dry laws, Mr. Coolidge Is not goin^ to say anything that can be used for or against candidate* In local : ; elections. Only today announce- , mcnt was made that Itepresenta tive Vare of Pennsylvania Is to run on a wet plank in th" Re pub- : lican primarlett against Senator Popper. ; The President Is known to have referred to prohibition as nn ?x perlment that ought to have a fair trial. Whether the operations of the Volstead Act since 1919 have" been a fair trial is not indicated by apok?-smen for the. President, i When the delegation from the J Anti-Saloon League went to the! White House, there were rumors I that a complaint was about to be made against Assistant Secretary ? Lincoln Andrews of the Treasury Department who Is In charge of i prohibition enforcement. Mr. An- 1 drews is supposed to navo made) the statement to friends that If he found he could not enforce prohibition he would quit next October. There are hints that Mr. Andrews does not think the Job can be done and pUn* to re sign at an opportune (line. The rumors arose because of a belief that such a step on Mr. Andrews part would b?- construed as en couragement by the "wets" who have begun to clamor for modifi cation on the ground that the present law Is not enforoeabb Hut after the cohfer*nce. Whit" House officials said Mr. Andrews', name had not been brought Into ; I the discussion. Mr. Andrews' work has not j been crltlc.lted as he has been an ! unflinching believer In the Vol stead Act and the necessity of en forcing It but there are barriers over which even Mr. Andrew* has been unable to climb, notably bar ! rlers of public sentiment in states | where the violations of the law are moat numerous. The Anti-Sa loon league usually carrlts Its probleinn direct to the White House after the dry leaders left, i The Inference generally drawn to day was that Mr. Coolldge will j play a passive part In any discus sion -of tho merits of prohibition it?Hr. PRESIDENTS FATHER IS LOSING STRENGTH Plymouth, March 1?.- -Colonel John C. Coolldge. whose condl tlon ha* nho*n some Improve ment during the last two days, lost Ktrcngth slightly today. This 1 wan the substance of a bulletin Is sued about 11:30 o'clock by his physician. Plymouth, Vt., March 1*. ? The, condition of Colonel John C. Cool-I Idgo was little changed today. An ; early morning report from the sick room said that he had Kpent j a rent fill night and was able to! take a little nourishment Doctor Albert M. Cram planned to visit his patient durlnic the forenoon. While, the news from the Cof?lldK<- home continued fa- | rorable a large force of men start- i ed out from Woodstock today to open the 'oowboand road leading , from Plymouth t* White River Junction to automoMI* tpgffir The Entire Family Will Find Fun In This Novel Contest T1ih% mystery of the piini l?*t Ipr" message rtH'fivcd lijr 3d Us Audrey Morion wus cleared. In part, today when sh?' received the following letter from Malcolm Duart. well known story writer. The author wrote. *1 have writ ten a romance about your most unusual love affair, hu; 1 haven't fully decided on the title for It. Several title* occurred to mo. One of them Ih contained in the group of l<M!t*r* I aent to you. Can you make it out?" "No. I can't make it out." Au drey .said today. "There are no many words that can be fashioned from 10 letters that It is diffi cult to pick a title for I hem. Sev eral good titles are posalhle. hut 1 don't know which one Mr. Dunrt has in miud "I'll tell you what I'll do? I'll give a reward to the reader of the Advance who picks out the cor rect title and writes ihc best statement of 50 words on why that Is a Kood title for a newspaper serial story. The Advance is acting on Minx Morion's suggestion. The context is on. Kvory one in the fam<l> can join in on this, hut the au sucr must he submitted in the name of au Individual. Head the rules carefully. The Hull's Compose as many words an you can from ihe letter* TNEIIEM SOEW, The letter E may be used three times, the other letter* on ly once In the same word. Words may he of any length. Proper names and abbrevia tions will not count. All words mux! be found In Webter's unabridged dlctiorarv or in the Standard unabridged dic tionary. Employes of The Advance and member* "of their families are barred from competition. From i he words evolved con struct a title for a newspaper se rial story. Any number of word* may be used for Hi la title, but on ly one title la correct. Each contestant may submit only one title. When you have selected the ti tle you think is the proper one. write a statement of not more Veil Of Past Lifts To Reveal Queer Compartment A curious memento dating from the dim vistas of the past ? how far back, apparently no body Is able to Hay was dlacov ered the other day when a logging crow at work In a swamp in from of the home of W. K. Hlnton. on tho Newland Highway, ctit down a huge cypress tree, and In the heart of the tree found a careful ly carved compartment with a lid fitted over It. and neatly dove tailed. Nowh of the unique discovery , was brought to Elizabeth City by W. I. Halstead. South Mills at torney . Mr. Halstead said the tree wan about three feet In dlam eter. and experienced lumbermen estimated that it was about ISO. years old. The compartment, he declared. Is about four by ten Inches, mid Is In Ihe heart of the tree, wood and barking having grown completely over It The purpose of the compart men! Is veiled utterly In mystery It was quite empty. Whether i' was fashioned us a hiding place for valuables in some troubled era of the past, or whether It w;n merely a fantastic means of marking a boundary to an ancient land grant, apparently la wholly a matter of speculation. The strange memento wusj sawed out of the cypres* log In' a large cross section, and Is in 1 the possession of W. K. If In ton It In sulci that Mr. lllnton Is think ing of presenting It to some nm aeu m. Prohibition Bnreau Bill Is Approved Wellington. March If. Th?i I Administration hill to crea'? ,i Bureau of Prohibition In t Treasury Department m?* ?? i> proved today by the ways and mean* commlttM. The m'HH'ir" al*o would provide for a Bureau of Customs and h comMlwIonor of custom* would ho appoint* I ??> the Secretary of the Trwnaur a' salaries of IH.000 a year. Analatant Swretiry Andrew i. In charge of prohibition enlfraenvnt. proftosed this realignment of |>r< i hlbit Ion enforcement marhin At prcttem the prohibition perunn- j ne| in under the Internal Revenue llurean. st NsiiiN ? M I Shlloh .March If.? Bad <?ad.?j i made It Impossible to hav-- * full I house on laat Friday evening so I the play "ftanehlne" will ?>?? ra-| peated at Hhllota High" School,' Thursday, March 1*. 7: Sc i m. | than 5o words lelliiu; why > ?:? lhluk thai u good tltlo for ;i iicw paper serial. NoainoHK of iiiiHWct'4 v.' ill !?.? a deriding factor in i kio- award'. Tho <?(?!?!<?!? I I-J.ts.is ill lllidlliKllt Saturday, Marrh 2?. mid no entry wjll l>?> roiisidi'rrd after thai un less the pot*: mark shows that ii "Was mailt'. i before tti (.In iplit of thai dale Tyrrell Votes Against Taxes Special Election For County Wide School Tax Over whelmingly Defeated Col uiii Iiia. March i<i. The in ffn;ncH one hiiK.it hav:- diawn from a nws it' in In ihi ClizaWt '? City Adviinn* rtotii*; ivuliK ' headed, "TyiT?*ll County !>? t ???? mined to Have Kight Months' Schools. ' would not w-?m as forc ible now as it did lion, if the r> hu its of Tuesday's special election have any hearing on it. in that election, for the purpose of cei ling the authority to levy a spe ical county school tax, hnt t ?? ex ceed 60 cents on tli $100 vnlu atlon of hoth real and personal properly. 1 ?> supplement th?* si\ mouths' school term. I here were 804 registered votel . and only 174 hailnts caM In favor of I h' special tax. In Scuj?p? ihouk township 100 vol- s we: cm: against it and noi any fur li. lleasoiiH for the ovi i whelmim majotltv aiuinst tin sp'Hal lax as given hy lliose most intini.i l.v ac(|iiainte?; w:ill the kitunt ion ? are: that in ilire.- town/l' they ha\e sp?-c.;ai school district; each levyiim a special *rhoo| tax. and eacii le\ylnu hss than 5" cents on th<- $100 valuation oi property, except Columbia social dlstrici. which levie.< ??-?uim that the aup* i inteudr nt i ? : I ?i . t ? ' that he would do auay with; these apecial local district that many of the voters wrr afraid the money coll* ct< 'I "r a JMirt of It, would br? spelil ? It' r many achool chlldiu of tfi> ? '-un ty could not attend I' ? I'ea ? II of the poor condition ? I :? < uintv road m; and iinit a {ilun )? lie put forward i i m*? fnodiifi lil^l ways in the roiiniy. ' which ft i fry require a aprri.il ta> ilortinn. o pie arc k**i 1 1 !? - v??r> r<>r Kood rnadx ami iljr tlon \a l.? ? coming dally <1. rumti d hv m<n nil over the. coiiii'k HOIIM RHllli ?.\ \>IIV \ l IO.\ OH mm HI;* II Ki (IMMKNIIM) WaAhlngtoi March IH. mor?' rigid rviinlnallon of appli cant* for ant'Mu'hlh' driver*' II ccnae a.M a hi* ?? "f holding traffic accident* to ? n nlmtn ? v.; * ;? c ommonded In n-pori :uihfntttcf* lo Secretary H todny hy thr committee on > . h or ar-cidoftf* of the Natlon:< I ' otif?>niie.- on fttrcet and hln * r?f<?ty n>rn?N m wcMirr New York. M h 1 *? Cotton future* opnnd ?? flic fol lowing level* i roll 1* 7". Mfijr 1ft 24, jtily 17 (?ctobCl 17.21, Ifctfeniber 17 2' New York ' irch Spot cotton elon?d !??) <julte. mid dling 19.40, idvance of ft j polnta. Kutm ionliiK Hid: Mar.j It. 77. May IK July Oc tober I7 f7, I mher 17 31 [ Here ,\re TIh* \wiii-(!x To the reader (urning In the ?orrert title will) i he hr?t state men. of i'i>HKuiirt for thai chnicir a ?m h prize <?r 3 .Vim will he itwurd ? I. To i Hi* reader turning In I ho eorreri tltlu with the wecond heat *i.t;< ment of r?-a*otiH for Mint riming a ciir'h prize of 33. oil will b?? rewarded. Tl??* tt>i:d and f'iii<tli prize* ?|i| !*? r.twl $J.OO n |? rl'vily. Belated Returns In Prohibition Poll Swell Dry Vote It* returns from remote ser I i iiiH of TIm* Advance territory ? outinucd to' collie iu ill The Ad vance -prohibition poll today and as ji result ii tma uh is moved over from tlie doubtful to the dry n 1 ii in it . Vol i ii k hone dry. Belvl d' iv s?av? ii tli.it county for the li?rei*K from the result of the three votes out of t1o? damp pocket :n Woodvllle recorded yeslcrday Kll/alieth city It. K IV 4. heard trom for the firm time today be cause subscriber* on (hix route are served by loop carriers whose mull is not delivered In Kllr.ulieth ('My utitil the day following its collec tlon. \oicd dry and helped to pile tip the oddft in tin.1 fount y as a whole against the wet or damp ' sentiment showfi ut Weeksvllle and In Providence. This mikes rural Pasquotank slightly dryer than I0li/?heth City. Oiip lone vole from Powells Point added another to the damp column in that county and made t lie total vote of the < otinty 2*5 to 2 for the present law with strict enforcement. The vote yesterday wan 2?"? to I. but through a typo graphical error in the tabulation the vote appeared as 17 lo 1 Tin* total, vote to date follows: 1 ?? I 7n r,? 2H 3 7 17 u n 2 ft 2 O ? 3 0 2 7 n n KliZuliet h r||y P lira I Pasquotank tin mden Currituck 1'erqtitmana Other counties Tots I Twrnly-Kijtlil (IiiiiiiU AyuinM Judge Knglinli WfldhlnKlnii, Mil irli -Twm? ly?#l*ht count* (in tuiadt-m'<attor Hmrw luminal Federal .(ntluo <;<*org? VV IngllHh of Ui?- Knatrrn Illinois <SIjkT i let w??re auhtnitted to th? Houf .ludiclar> Committee today !?,? u Mibenmniltfe* wltie?* In At r i 'iri>u?*nd< d linpeaehmfmt proee??ii<. ? ftgaJnM th?- Jurlat. Th? i:>n*. I i.^li rouimlUCT e?n xhleiW the r'-porf at hii cttrUtlvt1 #?aaiot> with rrwhtfocru px praaalti? iu'llftf that lh" count* might ?? radtfetd hv h;?lf In the committee'* rapon to th?- Moum That >? In exp'-rtrti to be mad?- r #> In work with ?h* Hotian Riving immediate attention to It, JudRf Kn*ll?h ?ni accused of "high r rlmoa an<t ini'demeanora" by the apodal Hot.*- Committee whleli i>v?*at||fn?Mi r h<? caae Imp* HumiDM but th?- j>i<H<tary nub inltte?- f idad th.r ? ?era wm in ?1 fife ion t evldci '? to prefer > h?r*. ? of rrlm. Plan To Finance Hotel Is Announced In Detail By Executive Committee MINING MEN SEEK PROTECTION FOR LITTLE DIGGERS \\ 1 1* Slitllf{!l Irr By h'drnil anil Slate I ra|>|N*r? uf llir Imliisiri uih K:tdp?r ORIGINAL MINKK IJeno. Nov., Miiivli I ti. INiiisi'?| i ?? action liv the annual slaughter l?> federal (iiul state trapper* uf t housa n ds of liadRcru, wcHlcrn mining tmii and prospectors arc clamoring for protection for the lowly hill energetic Utile diggers, ludigna' Ion meetings are being lii-ld In many Isolated camps, and ilic stronger mineral corpora* lions are being urged to join the ranks for defense of the Industrie oils iindergroitnd Wiirkcin. The badger wan the orlgiuul prospector, the first to go down in the dark earth and bring up promise of t In* precious metals hidden from daylight. It may have been the budget* long ago (hat excited man to seek al depth for gold and silver after surface deposits had been exhibited. The prospect or of the West knows I lie little beast has blazed the way to many rlrh discoveries. He Is the gold hunter's hard working partner. An experienced prospector entering a now region Immediately searches for badger holes. The nocturnal worker de lights In burrowing Into soft places of hill and canyou. and at limes drives his passage way through inuterlal so hard thut oth er animals would give up In des pair. Consequently the little digger brings lo the surface earth and rock particles mined many feet deep. The prospector pnns ? Ills matter anil gains an excell ent Idea of what Is below with Continued on Page 4 IKIT.IICY MKKTIXU AT KDK.MOV W KDN KM>\Y Kdenion, March 16. ? The Ed-! enlon notary Club will hold Its w?H'kly luncheon Wednesday at 1 : -JO at the Cupola House instead of Thursday this week. The change Is for one week only. MKMIIKIIH .11 MOIl OIlDKIl All members of the Junior Or der are requested to be present at the meeting tonight. Important, matters to he taken up iuclud- 1 lug plans for a large representa tion at Berkley Thursday night, adv. It. CASH AND PISTOL IN BAKERY HAUL And Only Kxpliinution IIoh 1 Thief Gained Knlrunrc Im lie Had a Key That llaper's Star Bakery In, the new Christ Church building, wns robbed of more than J&O In I cash and a Smith and Wesson 38 caliber pistol last Friday night be. came known today whnn the po lice for the first time disclosed In formation In regard to the rob--, bery that had been in their bauds) since last Saturday The thief evidently had a Key f lo the front door of the store a* Mr Itnpcr found the door locked when he opened the store Salur-: ?lay morning and the bars secure ly fastened at the back door. 'I lie combination on the safe has not been used for sortie lime but the door to the cash drawer was locked, fhe Inlrudi r bored a hole around the safe door lock and got all of (ho cu?l? out and 111 mi l?*f I both (loom to the safe clow d aw he had found them. I'lilll lie went to the safe Sat urday morn In? to change nome money for hi* flr*t customer Mr Itapor had not observed anythlnK oui of the ordinary, After mis* Inn the money. however, he not l?f thai everything on t h?- de*l< appeured to hive been looked through for valuable*. In (bin search the unlnvftod visitor evi dently took the pistol from u cl g?r box on the desk. Mr. Hapor has offered a rowinl for Information leading to the re roverjr of the pistol which he prixed highly us It wa* a gift from Ills father. Occupants of the building arc somewtont puzxled as to who could hnve a key to the building and Mr. Raper and other* renting stores In the building have pur chaned Individual locks for dould'>{ protection. It happens that only one key had been given to ttaos leaning the building an (he eon iractora have not yet completed *ome of the flnhhlna work, I'tirchusrin of Stock. Will i he Givrn Period of Four i Icon Months in Which to Finish Payment* ISSl'E l.oOO SHAKES Will he Sold ill Blocka of Two I'referred and One Common, at Kate of $200 for Each I'nit l-'ull details of the plan whereby Elizabeth City s pro|x>Rod new hotel is to J>e financed were made public by the hotel executive committee today. The committee will meet tonit?ht at 7 :30 o'clock at the Chamber of Commerce to work out final arrange ments for this phase of the 'campaign. It is planned to ! build a hotel of 100 rooms, to l>e situated on the rear of the Bradford tract, in the down town retail district, with an i arcade entrance from Main j street and possibly another from Poindexter street. ' It la Intended to Isaue approxl mati'ty t.500 shares of 6 per cool lion asaeaaabln cumulative pre ferred mock m a Par value of $100 per allure, and 2.250 aharo* of common Block of no par value. Tile stock will be aold In unlta of two shares of preferred and one share of common, for 1200 a uuu. The hotel will be Incorporated under the laws of North Carolina. Air stockholders will buy on ex actly the same basis. It la an > nnunced. wllh no promotion atoek to be paid or Klveu anybody. fnder the lerma "tlpuU-led. purchase ra of hotel stock will pay ' for 11 over a period of 1 1 months, the Itrst Installment of 10 per pent lo be due April 20. TnM* more 10 per cent payments will fall due rcapectlTely on the t**?" tleth of Juno, Aunuat and Octo ber. Fifteen per cent will be due respectively on the twentieth o? December. 1?2?. and on the twen tieth of February. April and June, 1027. The stock will thon have been paid for In full. The new hotel la lo be run oy the William Koor Holel Opera* InK Corporation, one of the b?? known concern* of the kind In tne South, on a 20 year contract which , provides that before Ihe ?P''1r*1" l?B company shall have received any rotnpetiaatlon for Ha services, there must be paid all operating expenses, taxes, assessments and Insurance, and a sinking fuad shall be set aside to cover depre elation of the property. Then, before the operators can collect a single cent of I' dividend of 6 per cent Is to be pale the local stockholders. After Ply inent of all these Items. AO per rem ol the net revenue or Ihe ho tel shall KO lo the operating com pany. and 60 per cent lo the toe al stockholders, to bc avaMabls for additional dividends on their from the sale of the * shares of preferred stock. lh?*ff of ? 150.000 would be reallcea This l? reiisrded as ainply sufrl Cleut lo meet all expense Ineldest lo erection of the proposed new ""the hotel (InancltiK Plan is set forth In greater detail ,,aBe advertisement on Mgftthre of iltlH <>d It Ion of Thtr DlllI vancc. IIKNOM ( AHT? lUCiHt Tho funeral service* of BoiimM Cartwrl*h?. aged 80, who died at thn homo of hi* daughter, Mtn. fl. W. Cowcll. after a nhort Hlnoa*,. him conducted Friday afteriMHjp. m t'nlon Church, by liar. W. T. I'lilpp*. Interment was mado In Ihf family burying ground noar Ihe church. TI\o pallbearer* wajrc! H. H. WhcJbee. Will Hwaln. W. J. Haundorn. Miles Saundera. Dflmp* 1 ney Twin*, and Ilk-hart! Swain. He la survived by eight chil dren. forty grandchildren. Hnd ,13 great-grandchildren. threa i daughters: Mm. L. Copperamltli of Movock. Mra. K W. Co#etl and Mrs. Joe Markbam of this rounty; live son*. Jerry M Cartwrlght. ; Cartwrlght. Lam Cart wrlght. lien Cartwrlght and Bright fori wrlght. all of thla County . Mr. Cartwrlght. was a llfa lone real dent of thla County and a well known eltlien. Amon* those oat of tows at tending the funeral were- Mr. and Mr* L. Copperamlth and family of Moyoek. Mr. and Mra. Weldon Jones. Otis Coppersmith, Pleree Cartwrlght. Ambrose Cartwrlght and Mr and Mra. Leon Cart wright all of Norfolk. Mr. and Mra. Will Hwala and family. Mr. and Mra. Charlie Thompson and family aad Mra. Aile Twlddy, all r?f Klliabeth City.