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IVOL. 33
8 Pages
GROUP PLANS CAMPAIGN
RIVE WILL B E CARRIED
INTO EVERY CUl I
OF STATE
Rnieiirh. Aug 4. (AP)
lans of a non-partisan "com
iiffpp for the revised constitu
tes..." osrrv ramnaitm fav
oring approval of the proposed
'if fiAr lift air law for the state to
- i... u
he people 01 every cuumy ue-
lafnra Knvemher were reveai-
Id today with the announce-
ument inai viuvaiim
iil. ..1J ..,. o hnrnrftrv
laUS WUUlU aci v c aii """"
:hairman of the group.
Mn Hmo was Inst in eettmg
;he work actively started as
n Rattle of Rocky
Mount, active chairman of the
rnmmitfpo conferred tnere
ft v.r -Vi. ir7ra ovnprtpd
tonight leaders expected i
taVa nnrt. in the campaign
The proposed new constitu
;ion was drafted by a constitu-
'Itinnal commission and the 1933
nrdered it submit-
S to iil voters- thV year's !
!v ...i if,- Tt v,ns heen
the subject of a spirited con-;
Itrnvprsv in which Attorney
f General Dennis G. Brummitt ley, J. Edward Kirbye, U n
fcy eonWbutin, to Koyster T. Pau Bnd R.K
f press tavoring t .
resident of the University . of
ircaiuciib "a - .
Jorth Carolina and a member
k Preliminary commuiee
In organization of the perma
nent "committee for the .revis
ed constitution," today said In
a statement "we wwh to ex
" v,rtrvoful satisfaction in
he fact that a permanent non.
. North Carolina."
If Element JoW Move
i All Elemento Jm wover.v
" . 1 . jj i-T mvii
looker nf the maion
iy party, the eader of the mi
nority party, tne cmci j--""--of
the state supreme court and
the chief judge 01 tne i1"
f anneals have
Lined hands in the movement
tl. j4- V.z roviserl COnSt'.tU-
I partisan eommmee na .aw vv
Jforth to present the revised
lii.aMfftn tft the people 01
r iion." These men are Governor
? Ehringhaus, Clifford Frazier of
Greensboro. Judge W. P. &wc
and Judge John P. Parker.
I "The youth of the state, 1
believe, will naturally favor a
fconstitution mWre adequately
I devoted to the needs of their
generation, , U5fon of ,
Icontinued. "The constitution 01
11868 was written to meet ine
i.i u jftr Pt-o vi rtil a 1
lneeo.3 OI anoiner u v . "
famendments are not , sufficient j
unto tnis nour. ouuom.v....,
unrevised in accordance with
the advancing common life be
come shackles, upon the liber
ties of the people.
Active Drive Planned
The non-partisan c o m
m itt ee p r o p 0 s e a t o
make known t h e pro
visions of the revised constitu
tion boldly and clearly to the
people in every county ? in
North Carolina.' .Above the
trumpet-tongued ; voices on
both sides, 1 above even the
forces of inertia, fear and spe
cial interests, a clear call comes
from the life of the people for
the revisions of the constitu
tion as a charter of the liberties
and opportunities in, the people
for building a better, state.
In a letter asking the gover
nor to accept the honorary
' ' chairmanship of the "commit
tee, which )W did, the purpose
of the organization was stated
REVIVAL TO START
AT TILLERY'S BARN
Bull Creek church met at the
home of B. F Tillery Sunday
July 29, at 2 P. M. ; ; ,
Rev. A, J. Sprinkle preached
i ' wonderfjul fJermon, whScn
was enjoyed 'C? by all. " A large
number of people were present.
He also received an, offering
of twenty-two dollars." ! 5 1
.A revival meeting will begin
at R. F. Tlllery'g new barn, sun-
day night, Aujjust 12. - , ' ,
3 .
MARSHALL.
FOR NEW CONSTITUTION
to be:
"To unite in one effective
group all those who approve
the revised constitution just as
submitted and also those patri
otic citizens who recognize that
no human document is perfect
and will wish to see the revised
constitution amended in some
details but frankly recognize
that its advantages, far out
weigh any incidental shortcom
ings and that the full right of
amendment remains open to
the people."
Committee Members
Frazier will be honorary vice
chairman of the organization,
with Dr. J. Y. Joyner of La
crance as active vice chairman
and M,ss Harnett w. .111011 01
Wonians college Greens-
boro, as chairman of the wom
an's division.
The preliminary organiza
tion rommittee were: Doctor
Graham, the Rev E. McNeill
PoteaL Mrs. J. Henry H'gn-
smith, J. Y Joyner, George E.
.uuiier, 1. m. nauc, y.
: Q ";f Mro Tano c Mc-t
immon, W. W. Watson, J. L.
Cockerham, Frank Page, Clar
ence Poe, A. J. Maxwell, W. a.
Duncan, Mrs. Charles G. Doak,
L. V. Morrill, Jr., Mrs. Locke
Craig, R. T. Vann and B. M.
Nir.riAlftnn. i V
.
IIP GOOD REASON v
Bl PESSIMISM
ni"; UAM
. ; . ..... 0 .
cankers Aasociauon, oeea im
proving Conditions and
a Changing Future
WASHINGTON, D. C.-n-There is no
good reason for pessimism today, for
though the "depression Is not by any
means over we are coming out of it,"
P. M. Law, President of the American
Bankers Association told the American
Institute of Banking convention here
recently.
"Banking is a necessary business
and will endure," Mr. Law said, "in
order to endure, it must be the right
sort of banking, under the right Bort of
management.
"The American Institute of Banking
commands and 4s entitled to great re-
because its major objective is to
teach fafl promote the rlgnt klnd ot
Danktng 0ne of tne cniet reasons for
. .
my raun n me iuiure 01 panning
that this organization has 219 active
ch&Dters. with over 50.000 members
and with 33,000 students enrolled, and
it is doing a good Job in teaching
these thousands of bank employees
what good banking is, and what it is
not."
Business Men Should Recognize New
Conditions
Business men everywhere, and espe
cially bankers, he said, will do well to
recognize and to understand the many
changes that are occurring, for "It is
fatal to be obsessed with the belief
that any and aU change from the exist
ing order to heresy."
said nd "I know not ona single man
or woman who has made a success of
it who has not been over a long period
of years a hard worker." He added:
"Take tor your motto the old German
phrase "Ich Dian (I serve). Meaning
what? ' Serve your . depositors, your
stockholders and society. ,
"Let no man tell yon that private ini
tiative is dead. On the contrary, It com
mands a greater premium today than
ever before. It yon and others like yon
have courage enough. If you possess
patience, If yon have a passion for hard
work, and V. with an open mind, yon
look to and prepare for the future and
the opportunities which are sura to
come, yon cannot be denied. Tour gen
eration will add prestige to the honor
able calling that we know aa banking."
--a:vs-yw' in ' "-
Banka Repay R F. C Loan
, Banks' and trust companies oh May
II had repaid 61 per cent, or 967,5,
623.08 Of tha $1,581,357,085.08 In cash
which they had received tram the Re
construction Finance Corporation sine
its establishment oa February 3, 1932.
FEDERAL RESERVE BOARD .
FINDS BANKING BETTER
' WASHINGTON. D. C A review by
the Federal Reserr Board Indicates
Uttt. oflnditloa s epecaUog PAakj
THE ESTABLISHED NEWSP;
N. C, THURSDAY,
particularly in country dlitrlcti, iia
lAprorad In rscent montha, ag ahow
by te fact that theaa banks har bee
abla to reduce (heir lndebtedneat to tt
raaerra bkaka. to tha SaeonBtrnctio
Finance Corporation and to otheti
The July bulletin ot the board i l
eaaalng theae Bndinga aaya: -
"At the aame time prograas hag be
tunda that had been tied np In closed
banka. .. . V
"Ranks In flnanclAl !ntrn hava
been ont of debt to the Federal He0rr
Banka for a long time and in addition
hikVA hull m lurrA vnlnmA nt rau
aerres. At the beginning of the. yar
mere were aim many email banks
throughout the country, however, that
carried a considerable load of indebt
edness. ' ;'
country eanut Kenect improrement
"The llouldatlon of indebtednea. bV
r. . - '
tnese Dans renects in part lmprpve
ment in business condition and the con
sequent ability of customers to repay
bank loans which long had been frozen.
It constitutes a strengthening of -the
banking position." ' v
The board pointed out that the reduc
tion of member bank Indebtedness h'ag
been continuous since the beginning
of 1932 except tor a brief period dur
ing the banking crisis in the Spring of
1933. The review continued:
''In 1932 liquidation of Indebtedness
of member' banks to the reserve bankg
was accompanied by an Increase of
their borrowings from the Reconstruc
tion Finance Corporation. In the past
year and a half, however, indebtedDea
of member banks to the Reconstruction.
Finance Corporation has also been re
duced." SEES TURNING POINT - ,
IN BANKING HISTORY
NEW YORK. The America
Bankers Association Journal In-. It
July issue presents the following re
view 01 DanKing ana ousiness eondl
Hons: '
"It la an almost universal opinio
among bankers that June has been the
tiirnln nnlnt- In hnnlrln Matn; iM
the matter of recovery. Reasons forl
tne optimism are tworoid the condi
tion of the banka and the prospect of
better banking business. --
"The reorganization of the banking
system after the holiday of sttteen
months ago is. vow practically com
plete. The comparatively few.4 banks
vat tft jia t'nratilM ind rnnnened ara
tionThe year's preparatory period for
the' enforcement of major provision
of the Banking Act of 1933 has psssed,
and banks now have a definite' idoa Of
where they stand."
BANKERS SUPPORT
SOUND EXPANSION
By R. S. HECHT
Vice President, American Banker
A ssociotion
BANKERS universally recognize that'
the prime economic need of the
nation Is the stimulation of sound in
dustrial and com-
mercial activities
and recent trav
els over a wide'
stretch of the
country have
shown me that
they everywhere
are making all ef
fort possible to
lend constructive j
financial support
within the scope
of their proper :
r. s. HECHT banking func
tions to promot
Ing the expansion of buslnese activity
Frequently in times past when our,
country suffered from an economio de
presslon and' consequents unemploy-r
ment on a, large scale, the rlae of soma
broad new industrial development,
such for instance as a new industry
like the automobile Industry, has been
a powerful factor in stimulating a re
turn or an accelerated growth of na
tional Di-osneritv. Such a movement
means the creation of new wealth, the
employmont of lar;;e groups of people
It
IMON REVIVAL NOW IN PROGRESS
AT MARSHALL SCHOOL AUDITORIUM
F I N E PREACHING AND
GOOD SINGING BY v ,V
VISITORS
, Rev. Oeorce Reeves, a na
tive oi Madison and related to
a number of the most promi
nent people in the County, is
Heliverinc in a. forceful ' "Way
some fine sermons at the Mar
shall school auditorium. Mr.
Charles Miller, the singer, is a
fine leader and the selections
are some of the old immortal
IADISON COUNTY
;D,1934
hee and aa a consequence
-jk Son and distribution of
I ctivi 1! pnrchaaing power.
It ', form of wholesome eco-
in
h! (
' 1 (
!ant that has none of the
tary inflation.
1 .
L;
!
for Business Improvement
e have at hand. If not the
wholly new Industry, a
quivalent in the potentl
w idespread rebuilding and
' movement such as home
I Iant remodeling, the put
railroads on a high speed
aed basis and other valua
nents in the construction
Tects of such activities on
'and many lines ot busi
be most beneficial and 1
l ;'
' -k
. rupdw
a!f c
li9 4evel
Held., lb, i
It nploynit
ness woui
tful liAnnnf f ittinllt i-OBorvntfnn that WA
. - . -
',,pankers a willing and eager to play
v . .
in any such con-
h HlriieMv d AvfclinmpntR
irucuve i) iveiopinems.
ft has ),;;en made to appear that
MYtAnalr haa.ilnt ffnna in nrnrlr hnrnnsn
jof the fyniUiity of bankers rather than
'what Is a True explanation, because
luainess m. ij have not had enough con
;ddnce a tt business outlook to bor
'lw the di ilar from the banker and
ut'itjto woi.
;V Srha basi' requisite to the expansion
tff; pommel al bank loans is sound,
Iturtnal: bu aess conditions on which
conduct ound, normal banking op
rations. Tl j-' best business a bank can
iW .h lor 1 -the opportunity to loan
I'm ney to s ,:cessful business men and
h nuractUi "a Imbued with confidence
to enter ui aggressive business en
t; prises an endowed with the ability
lf ibrlng t" ra to successful conclu
't ns.s Such .loans mean business ac-
ty for tl community, growing pay
pommunlty, growing pay
sneritv. and the banker
s fnd
ntft .to i
itned v
prr
r
. 9l
r o
ke them because to be
h such activities not only
vtohtm but, additionally,
reward of good will in
. better proof of the great
ks to take care of the "n nan oi whuih "c j.u
iulrements of the busi- Jacksonville, Fla. These in
a to point out the abnor- elude: Miss Margaret Dickin
m at which this demand enn onrl mnt.Vipr. Mr. and Mrs.
ed at the present time.
i
..t i u I l.sUI I U
' '
High Government Official Says
No Investments Except U. S.
y Bond. Suffered a. Little Los.
nnnsits in Closed Banks
,
tt. . oravf-mv n n vn fnrm nf
HAOainuiw.i, . ' v..
(.uinrnii oTpnt flovernment bonds
...ffnrari do IfrtlA 1n4S &9 dPDOSttS 111
OUUUl V HO w V JOlUllf. VHV Vl wnv
closed punks during the years 1931-32- turn after a few weeks, with
83, Jesse H. Jones. Chainnan of the Mrg R R Hunnicutt and Bru
' 1SZTmt ner Hunnicutt, wha also ac-
"A point generally overlooked in comoanied Dr. and Mrs. Reece.
connection with bank failures in this Rev. and Mrs. B. M. Canup
period, is that upon the whole, depos- have recently moved here from
ltors in ciosea uaiins win bi
what larger percentage than has been
true in bank (allures over a period o'r
say twenty-five years." Mr. Jones said.
Heretofore tbey have gotten about
68, but in these wholesale bank clos-
mgs. my estimate is that they will,
upon the average, get about 65 of
. their deposits
"Another point worthy of mention
is that a depositor in a closed bank
loses only a part ot his deposit, while
the bank stockholder loses all. plus a
stock assessment.
"No form of investment, except Gov-
ernment bonds, has suffered as little
loss as deposits m closed banks, and
- while I appreciate that there is Jittle
' consoiauon i, this fact, those who
had their savings invested in stocks,
bonds, mortgages, real estate, Indus-
trial investments, or in businesses ot
any kindhnve had lossen very much
S greati and in a much larger percent -
age than have depositors In
"i, fa fnr thaA raasnns. and others
not necessary here to enumerate, that
, it .s not possible to jusiuy payins
.. . . 1 1 1 Hik ftiA laT.
p081tora IB cioseu uwiu -"
payers' money.'
'
hvmns. The two have made a
good impression upon some of
th most intelligent people of
the community. While the at-
oe! bTre rudftonum should U'
filled every night, singmg De-
03 earUer, but the sermonsKdward
begin about eight o'clock, me
Marshall Ihurches are
??Z .rrS to
LXie CU1S w " "
attend.- i
TAX SUITS FOR THREE WK
TO BE STAPy AT ONCE
MARS HILL
REVIVAL CONTINUES
, - , . - ' j x j
The revival being conducted
here hv the Rev. Dr. Arthur
Fox, pastor-evangelist, Bible
teacher and lecturer, of Mor-t WHEREAS under the pro
nstown, Tenn , ncjy in its sec f Qh 56Q Puyi.
ond week, i drj.wing large Lawg f 1933 Tax guit3 on dfr
crowds. Many prof essions have Iin t taxe8 for the yeara
been made and much interest qsi , 19a2. shall be
is being shown.
Among tne topics useaoy
Dr. Fox-in the regular series
&re: "The Heavenlv witness
ing of the Departed Saints to
the Christian Race Here On
Earth ;" The Price of the Soul" ;
"The End of the World;"
"Heaven" and "Hell." Sunday
atternoon he gave time to a
prophetic message, What of
afternoon he etave time to a
the Times" Services are held
twice dally 10:30 in the
morning and 8 :00 in the even
ing. TMany Guests At Bruce House
vut.i. -. -
Bruce Haven, the home of
Mr. and Mrs. C. C. Bruce, a
' ''u " '
few miles above Mars Hill, for
years has by?en a popular sum-
mer resort for Florida people;
,and during the last few weeks
&n unusuany iarge number of
?es a J e arrived more
v T, Svkes and son. Mr. and
x-. jlj. ujneo oim ovui Ivoo, alia Lllab Liici:"i'Ci
Mrs. J. F .Weeks and children, shan surrender the duties of
Mrs. J. S. Hagan and children,. County Attorney to his succea
Mr. and Mrs. W. T. Eales and sor jnciU(iing such unfinished
Miss Nina Fann. Other gusts an(j undisposed of Tax Suits,
are: Misses Clara and Jiazei
Mrs, TrPTXSo&ttma&ttga
of Columbia, Si C.
PERSONALS
Miss Golda Tiry left ast
weeK ior Reiimcnj j:
go with her uncle and aunt, Lr.
ttiH Mrs. Curtis Reece, who
- .
Viarl been here about & WeeK
iTi'alf 1T1 TalaflVOC ftVlP Will VP
Johnson UllV, lenn., aiiu win
occuny the pjsher house, about ',
., J , , 1,0 Mar-'
, a mile out of town ' " he Mar ,
;shall road. Mr. Canup win De
connected w'.th the college.
I Mrs. M. L. Bramlett. of
Greenville. S. C is spending
some time here with her daugh-
M . w f .
ter Mrs. J. W. Hult
! Dr. and Mrs. Locke Robin-
son are away for a fw flay? on
!r vacation trip. Dr. Robert
RODinson, who has been assist-
- D k during the sum-
u - f ihl ick dur.
meF' S T?!. f Tlr llkp
mg the absence of Dr. Locke
Mrs. R. R. Riddle is expect-
ing her daughter, Gwce, ana
her husband for a visit tms
W(1,k
, R d M H H A1len
MJ fwniIy expect to leave the
15th for Jefferson City, where
Mr. Alten will be in school next
year.
1
ir- . .
r.lonwnnri Edwards has re-
no-lethome.
.luuicu iw... v.; '
khere he gently won distinc-
tion m a rifle shooting contest
in the camp there. ,
Dan I. N. Carr returned
Sunday from AtlanU where he
had been for two weeks in an
onicers, training camp.
Mr. Dan Lawson. wno ior
everal months has been in bus-
ines in New preans. inhere for
r visit with his famiy. The ram-
ily expect .to move to"'
uneneii mom, - ;
. uuiy ;arxer was expeci w
co-'return Tuesday form the hos-
Vn& Mose Chandler has
. ... .1 "11 AVJ-
been reported quite m Mi,wycvw.
PRICE $1.00 A yR
CULT NT Y ATTORNEY OR
DERED BY COUNTY COM
MISSIONERS T O
BRING SUITS
1 The following resolutions
were passed by the Madison
County Commissioners at their
i -iin.
'brought prior to Oct. 1, 1934,
- provisions of
. - amendment9
were made to the prior law re
lating to the foreclosure of Tax
Sale Certificate.
NOW, THEREFORE, It is
ordered bv the Board that
John H. McEroy. County Attor-
d t brj sUch Tax
Zro B;ta J Tax Sale
foreclosure suits on Tax Sale
Certificates for the years 1930,
1931 and 1932, prior to Oct. 1,
1934.
That the said John H. McEl-
roy, snan receive ior ms tum-
pensation for bringing said Tax
g le it the sum of Two Dol-
Sales suitg the sum Oi TWO Loi-
lar. aTld Fiftv cents ($2.50),
ag allowed by said Chapter
5g0i public Laws 1933.
It is further ordered by the
Board and agreed to by said
John H. McElroy, that m the
event that the term of office of
the said John H. McElroy as
County Attorney, shall expire
on the 1st Monday in April,
1935, and that thereatter ne
aa he mav have started on Tax
wftil ceive for li
'services in bringing such Tax
Sales Certificates Suits, as are
not competed and finally dis-
Posed of at the eviration 0f
nvs term oi wince, nc Ba
ceive the sum ot une uonar
a n d Twenty-Five Cents
fiM 9.. for each suit not com
pleted and finally disposed of.
EUGENE HOLT
KILLED IN WRECK
,T . , ,,
Mr Eugene Holt wa fataHy
inured Friday night about 10:
when tne car he was riding
. struck a parked truck on the
'u Home road He was
' ' to an Ashevili e hospital
taken to an Abiieviiie H
where he dled about tw0 hour3
after thg accident.
Eugene was bori and reared
pamt Rock N. C. A few
, ' t t Asheville
18 "8.u J. th t the
and was living there at tne
tlme of hlS death'
He .g survived by hi3 parents
Mf Mfg w M Holt one,
gkter Connie and six brothers,
rharKe . Earl Ernest, - Lewis,
Ravmond and Mack, all of i
L daughter
Alenei Ashlville!
fwni waa held Sunday
ft Q in the Methodist ,
nimivh The services were con-
, . , , tit rjmoa
aucteapy aev. '
0f Hot Springs, tfunai was
V&J cemetery
Eu hjd a ho3t of frfenda
in Asheville and Paint Rock.
fc u who kneW
w
nim- r
. th nfluenza.
-
Minin.ter To Hold Meeting
, - , . m';. of
aiwo ' -
rj
r?-p . - . ftf Mercer tt.
n?. J R. Moselr
r lnresenUtives
;
southern sUtes, and otheare.
. .4.
: