Newspapers / The Dunn Dispatch (Dunn, … / Oct. 6, 1915, edition 1 / Page 2
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THB sum DISPATCH MMM Iwrjr Wednesday ~~~ -~*— -:-- - {/ _ ■ M. C, under the act ef March < * I L. BUSBSZ POPS. Publisher. It C October «. UK. A Mbhy ef the chamber ef com ment should ha called for the pur B" «f putting aew Ufa In that or gan! sattsa. the buaimess men ef the town are not taking interest •■•■gh h its chamber ef commerce •m* seem te lose eight of the fact tha* it is the beet medium through which the town can progress. All does • hoe Id bo paid promptly and the members should unite with the •*'*» in making it a success and '*”*■ »eme«htag to the Iowa. A d»wd organisation U worse than "**• •* *0 and since prosperity is With ua again the citUcns should pat aew life in ita chamber of com merce that it may condnne to ec eemidlah things. gobtlildng a notlc* thir •Jrtt calling an nioctioo for Staw «♦*« Croak toomahlp, allowing tho T^Bfl •* tint townahtp to *aj ■bothsr they want to usoo bond* to IIMt of n&JXWOO for the ****7"~ ** buU‘4i*« good roads. A *•**“•• Mgnod by ooo-dfth of ?T~. tf„r°**r» «* ** tooaskip was “* '***r *OgoW n*o ting Monday •nd tho faction «u called by then >• MMMnn with chapter 127 of **• pghUcIncnt law* of North Cnro **“• •*"4* m*- Tho election * b«M on Tuesday, Norember ***• **_**• rogwtsr polling place*. by ono tho townsbipo of tho SS ”* ****** ndraolage of tho lomlogo giron than hy tho logU otmt and an rating bond* JT,4* •“$'»*«*« of thoir road*. °**y ■ “b*! tiass ago Black Rtrar *•»•* o $25,000 00 bond ••• wr *Wt PVpoM tad wt have bo— roBnhly informed thdt Cray* to sink Ip la aarionsly canodering thg twpsdUn. If tbo ddfarmt "•»«lpo do not nofcs ths mistake ■* *»*■* to do too much with too . Harnett will mooa by w Sooth* Industrial C.uWL Thn eoath's place In the burin*** l/aitad State* U not or dtenrily mach emphasized in „orth «ra rartew* of economic condition*. ■ northerner think* of crop* kjMteetete* them with “the went* ***. ■Peek* at manufacturing ke think* at Pennsylvania, New Te*% and New England. When ho he* ftaanc* on the brain, he draama A rm> bow “»«*• itself felt by Wa 1*fnctanea. The war placed an •••erg* an We huge cottoa crop, cut *** Pk« at cotton la two and *a v*r—7 w*w*d the purcharing pow. "V" eautham people. Th. totnhera awrfcat ter northern m*a ■fii leiad goode era* temporarily •toeed. Until bueinesv hi th* north ****** to min on acroant of “war tha plight of the south eras iailaa*^"11* ****** *^* “entry's . ,*** i condition* aro —> th# north and **■*» ** to bitetaatlng to ebaaree hew ' la *Umt of It may preve ta ba *t Ik *n sr wMk «N k mf i Or* Mi ■ Mi • TW m mm £ £tS ' , 0 “ UU*fi00fi*0 bushel. . gum of 348909.090 bushels over last year, or 27.4 per cent. The Increase of tha grain yield in the reel of the' country was only 9 1-al per ocnU Thej total value »r the grala crops of the! aouth this year u figured by thej Mamifaclerer’i Record of Baltimore at 11^50388^)00 which la consider-' ably in Sicsu of the most valuable cotlaa crop the south ever raised, namely, that of 191*1914. valued at *1,154.000.000. The value of this j rear's grain crop exceeds by *396, ” Congressman Cedwta. who is be-1 ! In* opposed by live different candi dates. announces that be a in favor of a Strung army and navy. While his best friends predict that he will be nominated, with five hungry pec hnaters sgainxi him, natarnily he is for pi epsredness— liverythl ng. COTTON CROP 19.9M.900 HAI.RS Washington, Oct. 4.—A heavy da-, dir»c in the.condition of the gruvr u«g rollon crop during ScpLembcr, si most doidile the svnragw decline Irf the last tew year*. has decreased ! «*rlmr in the season by slrnwt • I nsfllion bales. The Department of ! Agriculture todny estimated the j crop at 19.960.000. equivalent 600 I pound bales, which would be Ibo | smallest crop since 1009. THE DISPATCH Statement of Iht ownership, man ! agemeot. circulation, etc_ required by the aet of Aoguat 24. 1912, of The Dunn Dispatch, published week ly at Dunn, North Otroltrus, for Oc tober 1, 1913. Editor, L. B. Pope, Duon, N. C. Managing Editor, L. a Pope, Dunn, N. C. 1 Busines* Manager, U B. Pope,; Dunn, N. C. Publisher, L. a Pope, Dunn, N.C1 Owner, L B. Pope. Known bondholders, mortgagees, and other security holders, holding 11 P°t cent or more of total amount of bonds, mortgages, or other secur Hiee, None. I L. a POPE Sworn to and rubsek-tbed before me this 7th day of October, 1915. C B. AYCOCK, N. P My commission expires October 29. 1915. tkk hollas rural credits BILL The federal ferm loan ocLknows , “ ‘h* Hollis rural credits bill, area framed by a joint committee of the ■caste and bouse of the 63rd Ceo kfemm sod HHU TSmirerx; Tidniet to secure a bat which Would am brace all of the beet fee toree of the legislation enacted by the moot profreasive oo on tries of Europe; and it can be confidently accepted and supported by the far mers and baLiners men of North Carolina »• a bill which. if Cnactod into law, will five our people the same assistance and development that similar acts have fivon to the peopio of the European countries. Following is a summary of tho pro visions of the Holija act. let. The federal farm loan act shall l>e under the control and direc tion of the federal reserve board coated by “the federal reserve set.* 2nd. That within *> day* after the pas ears of the act the federal reaerve board shall appoint n farm' loan commissioner who shall lie the chief executive officer and tho sd minletration of the ect shall be di rected by him. He ahall authorise' the formation of aaoociotiona for, carrying on farm mortgages, to be1 known aa National Farm Loan Ae-| sedations, and designate the coun-l ir or eoanttu aa tha operating Ur-1 ritory of each association. These association* nuy ba formed by any number of natural farmer*, but not kes than flve. The article* of asso ciation moat sat forth tha name of the association, tha county or con tiguous counties within which ha operations are to ba carried on. and the place at srhieh ita principal of fice la to be located] tha amount of capital stock and tha nuaabar of, •hares into which tha lame is ta be* divided; tha capital stock ahall not' be less thaw IltDM. Fifty per cant af the capital stock of ovary farm loan association mast ba paid la: c»ah before any 'justness may ba, transacted Tha owners hip of five shares af stock, folly paid in, shall qualify for a director, and vary Sa vor# penalties far embankment or rowimltuo to apprake the land on which loans have barn applied for ta provided and the duties af tha sa aaciad<*i arts specified, Fawers af tha Asasdadm. Ta make leans af current funds, ■artsrwd by first mortgagee, an farm loads attested within tha land beak district ta which such association shad ba situated; to boy frags any other farm kaa association shall J* attested; to bay from any other loan A-. — . a IlhOaJT oWl If fat IWI If tfN ar to sell to sock aianciation ita own tadaraad martgagaa. or ta mil farm toag bonds aathorlaod by this act, to avtpairw and dkpnaa af g soluble i haaktag kouaa ter Ov# traaswrttsu af I tm tfto pgymagt af irtarta# ami for the reduction of the fan of tha lounj eo secured by annual, cr •oasf-amiual, payment*. Every ge shall run for a period of at Want live yours nm> not exceeding *h years; every mortgage loan mad thla act shell provide fo: its extinguishment at the uptior a» (he borvosrer |n whole or m part, at any data met for the payment of Interval aftm- the data upon whirh thv xai i Wan was made. The rate of in lr r tst shall not exreed the legal rate current In the .tale in which the farm land securing such loan is sit •aUd. “*y be made for the fol lowing purpose. an4 no others. TVs provide fur the improvement of farm lands; to provide for the purchase of equipment and live stock nectasary for Ihe proper and reasonable operation of the farm homo; to pay off the indelKclnma of the owner of the land mortgaged, existing at the time of Ihe oigaoi xalion of the first farm loun asso ciation established in or for ihe county in which tho land mortgaged la situs tad, or thv indebtedness sub sequently incurred for one of the purpeacs above named. No loan shall exceed f>0 per cent of the value of the land mortgaged and 23 per cent of the value of the buildings therein, and the earning power* of the land .hall be a prin cipal fnctor in datermining the loan. No loun will bo made to any per *«n who W not at tha time, or short ly to become a bona fide resident on the farm mortgaged, primarily on raged In the cultivation thereof. No Jingle loan shall exceed one rtfth of the amount of the capital and surf dun of the association muk I.. Ska 1_ Kv*ry applicant for a loan shall state under cath the object* to Which the proceeds of such loan ere to he applied. Every borrower most pay when due all taxes on the property mort gaged end keep the buildingV there On inkumL Every borrower shall enter Into an agreement, that if the whole or any part of hie loan shell 6c expend ed for purposes other then specified m bis application, or if he shall be in default Hi any condition of the mortgage, the loan eholl become due and payable forthwith. Federal Land Bank*. Tha federal reserve board shall establish and announce districts i accordance with “the federal reserve act" and such district* shall bo des ignated ax federal land, bank dis tricts; the federal reserve agent of •ach district shall perform tha functions assigned him for carrying lionet part of any state. The feder al reserve board shall exercise such P°wers as shall be nccesary or re quiaite to fulfil tha duties and /unc tions conferred upon it by this act. these mortgage* from the ferm loan associations under rules and reg i laUors to which each association 3>hal) conform. Otgajdration of Federal Land Bank, The farm loan associations of each Federal land bank district shall mile to form the Federal Land bank. The board of directors of every Federal Land bonk shall con sist of nine members, three of whom shall be appointed by the fwleral re serve board. fcach Farm loan Association shall subscribe for ail amount of tba capital stock of the Federal Land bank equal to 10 per centum nf the capital stock of tha Farm Loan association which may be paid for in cash or in farm mortgages. Kvary federal Land bank shall have, before btrinnJnit business, a subscribed capital of not leas than $B4M),000 S per cent of which must be Invested In bonds of tha United States. The capital of each Feder al I-and bank shell be divided into shares of $100 each and may tie sub scribed for and held by any individ ual, firm or corporation, or by the (Preeminent of auy state or of the United Slates. If within 90 days after the open in* of book* of svlwcriptirm for the etork of the Federal land hank In "Mi Federal Land bank district, any part of tho minimum capitaliza tion—$19)0,000—-shall remain unsub scribed. it shall be the duty ef the secretary of treasury of tha United State* to so beer) be the unsubscribed balance of the $400,000, subject to calls In whole or In part, by the boerd of directors of tha Federal Lend bank apen *0 days' notice end the secretary of the treasury la an-1 tWised by this act Ce take out such share* and to pay fm them out •f h*y money in the treasury act »th#rw|»# appropriated; such share* may be told at not lea* than par. Fewer* ef Federal Land Beak*. First To issue and to sail farm lean bonds and to buy tha tame for da own account and retire the same, tt maturity; to invest sock Arndt I may lie la IU ponseseiee hi the' serriatae ef first taertfragrs ** real '"ale situated within it* district, irsfSSSbce being given te mortgages taken by Farm Loan assuemtians; h a crept deposit* of secariOsa or of ■arrest finds feme the stiehheldert mt te pay ne Interact on such de mek*. Hon* but first mortgages shall be wesptsd; net permitted to transect mslnes* bi states whero lbs slut* *w* de sot felly protect first mert Farm Lams Banda. Farm lean heads shall ha iaaead CITY BALL INK. Corner Cuii’ertar.c and Wilton Streets Thoroughly renovated, and under new manage ment. Nice Room*,Gocd Board, Ly the day, week or month. S. H. Etheridge, Prop. Dunn, N. C. 11.4* EXCURSION |to FAYETTEVILLE. On account of the CAPE t'EAlf FAIR Tho Atlantic Coast Line will soil excursion tickets including admit ■inn to the Fair from Dunn to Fay* ettevillo, tf. C. at (Lift for all trains on October 14th to 29th, Inclaairc I I'niitod returning tn reach original ■tuning point up to ami including nudnigt October SOth, 1918. Pro portionately low fares on same ilalas and wfth same return limit will be made from all intermediate stations For schedules and further infor mation call on J. W. WHITEHEAD, Ticket Agent aiLsaTKi COAST LINK The Standard Railroad of the South in denominations of $100, $600 and $1,000, shall ran for specified maxi mum periods, wilh Interest coupons attached, payable annually or ••mi annually, and shall be issued in se ries of not less than $100,000 to hoar a rate nf interest not to exceed 6 per cent. The bonds shall be furnished to the Federal Land Dank by the sec retary Of treasury. Interest on such bonds may bo payable at any olaial Laud hank or Federal Ro aerve bank. Ample provision la made in the ! hill for its administration in detail, 1 covering the issue uml redemption j of /arm loan bonds, the relation be , tween the loan association and the I Federal Land banks special reserve funds, general reserve and dividends of mill banks; general reserve and dividends of farm loan associations, /or defaulted loans, etc. Kxemption ream Taxation. •very Federal Lund Rank and association. in stock and reserve ,tha income. -.-be exempt from federal, stats and local taxa tion, except taxes on real estate held or taken by tho said bonk un der the provision of this act. First mortgages executed to Farm •-°*n a Monitions and to Federal Land banks ss security for the issue i of farms loan booda shall be doomed and hold to be instrumentalities of the government of the United Slates aiul as such they and the income do rived therefrom shall be exempt ' from federal, state and local taxa | tion. From the foregoing synopsis of the bill it will bs assn that is a vary wise measure and that almost every \ possible provision It made to safe I guard the farmer seeking to bolter his condition in an honest, straight-1 [ forward way, and to protect the in-, | vector who purchases the farm loan* Tho details governing the admin-1 istration of the act are voluminous I and cannot be presented hero, but they are complete and provide a simple and systematic method of I»*ylng off mortgage* any time after five years, on ragulur interest day, at the option of the Imrrower. The fact that the loans are made to run • from live to 35 years at the option of tho borrower, and that the loan, »• extinguished at maturity by tho amortisation system, makes it pos sible for any farmer to Avail him self of the great benedta of the ru ' rml credit system of loans It |e said by Mr. John Spront HOI, who was a member of the com mittee which investigated rare! credits In the Ruropeen countries fpaid his own expenses), that in his opinion Germany's strength in the present war is almost wholly deriv ed from the conditions brought •bout by the establishment of the rural credit* loan system in that empire; and it le bis opinion that the adoption of It in this country will be of a* great benefit for owr people as It baa been to the Germs* peeple. Mr Hill studied thequeo tioo carsfoilf and exhaustively and hi* opinion Is valuable. The Merchants’ association of Statesville will In a few days per cent • petition to the farmers and; basin*** awn of Iredell county for their signature taking sen a turn and mem hors of Congress to Mae the Hoflia bill at the next seeefea. ' This is the blew to act if we do Mreto have Lb* benefit of this great ■eeanara. It is the opintoa of the men who served oa the committee of laveetlgatioa that If put iqto prac Mee in this country k will give aa • long parted of prosperity, exceed lag any wa has* heretofore had. With the farmers abiw to do trast ms« on a soeh boats aa they are in the Tump sat eeeatriee, xad oar' farteries all running full thaa and' 'hern being added. It wIR seem ae If a new roadhton had team. Rveryj place his name on Una petition wbsn it U presented throughout the coun wy.—<J. R. Stephenson in Sutes ville Landmark. -- ~ r-i-— NOTICE OP BOND ELECTION North Carolina, Harnett County, Before the Board at County tom ■msaiunera. In Session. Jn re Loud issue for iho improve ment of the punlic roads u? Stew art's Creek Township. ORDER WHEREAS, a petition signi-d by ono-Aflh or more of Ulo qualifim voters uf Stewart’s Ciwek Township, Harnett County, ha* tfci* d»y l*i-n tiled with this board, aakinu ami re questing the Board uf County Com missioner* to submit to the quali fied voters of *aid township u pnqvo sltlou of taming bonds In Lie rum of Fifteen Thousand (?lo,UU0| i-.,1 la rt, fur Iho improvement of the various public ruud* of said town ship, in accordance with rtnwier 427 of the Public-Local laws of North Carolina, Session IBIS; and whcreul said petition Appear* to t-uiuply with the condition* set forth in sale ilhapter -127 of the Pubhe-Lucal Lew* of North Curulinn. Suasion NOW, THEREFORE it in order ed hy this board thul an etc. ' ion !»• held in Stewart’s Creek T>mi.-,h,p, on Tuesday, the ltilh day of Nov ember, 1916, in accordance with Chapter 427 of the Public-Loco I Laws of North Carolina, Session 1913, the same being entitled "AN ACT TO IMPROVE THE ROADS IN HARNETT COUNTY AND I'm THE ISSUING OK BONDS BY THE COUNTY AND THE SEVER AL TOWNSHIPS THEREIN," fin the purpose of submitting in the I|ualifled voters of said township tie iiucition of issuing bunds in the sum of Fifteen Thousand (3i&,000) Dol lars In I Kinds fnr the object s sol forth in said act; said cloctinn to So held on the above date, at the regu lar polling places in said townships. It Is also ordered that there be a now registration of the voters hi •aid township; that H. D. Byrd be, ind he is hereby npnomtod regtr’.mr snd H. 8. Byrd and W. J. Rcthurw judges of said eiortion; that no tice of their appointment be immed iately served upon them by the i her rtf or other lawful olllcer: Ihut • copy of these resolutions be pub lished weekly from now on until the date of said election la the Dunn Dispatch, a weekly newspuper pub lished in Uernett County. This October 4th, 191&. I) II. 8BNTER, Chairman. IOHN McLEOD. Clark. NfJTH-E OF LAND HALE UNDER MORTGAGE By virtue of th* powara and *u horlty centalnod In a coitain Mnrt rac* Dsad, oxacutad by Al«v. Uur i*tt and wife. Ixilk Bern*'!, In th* iad«riicne<l, worded In Book IIK>, >**• i«H, Ra*i*try of Harnett wittily, th* followitig land* will be add at Putdie A action, to-wit: Sitaalad la Araraaboro Townahip, larnatt (awitr, twins all of D>t« fa*. 4S and Si In and aemromi: lo ho Nb-dlTtaion of th* J. H llol *<ul property, aituatod in an raatar direction from th* (own of Darn, h* (aid aub-dtrialoii and * nan haraof bains duly *Wd In the R»« •fry at llariprtt County, mrb of aid lata f rootle* V) foot. nod run- 1 Ins bock 1(5 foot. For farther daacrlntinn. mo Mop f raid oab-dtrialoa la . tha above wawd tin, alaa th* dead* of J H. Holland mr.d wife, Carrie M. Hol land, In Junctitf Bell, am) the Head of W. C Ceil and wife to Oki iiort fiwtore both rororded in the lUiflm Kr‘k Oflicr of Harnett County. Time of male, Saturday, Nrreero boi (5, 'IMS. a*, It o'clock M Place of mile A C. L. Depot, r>tinn, N. C. Termm of mate. Caah. ThU Oo 4th Hav of October, lOlh. THK IH.’NN COM. t HUPPI.Y CO. Mo- Irayaa. NOTICE Of I.AND SAI.E ITNOBK MORTOACE ‘ By virtue #f ihe power* and «»• tborlty com 1*1 owl jn a certain mort r»K» deal eel-mi ml b> Meahy Hume •I'd wife. Maiy E Burnt, to the mn dartlfowl, which la of record Id Hnoh 110. pap* 807, (Uftietry of Harn*tt county, th* following r*a) citato will b* sold at public auction, to-wit: Lot. Mo. 24 and 01 In th* lub divimon of Mr*. E. A. IIarp*r prop erty. I. pur th* , urvoy made by V. ». Sirunach. Civil Engineer, a* .knwn by a certain mao r*fft*«*rad In the oAft of the Rertitry of Har nett county In Book 100, pen fcGO, r.fnrwfeo to which *ald map !■ h*re hp mad* for furthar d*«rripUaw. and brine th* am ptae* whore N«*by and Mary *. Bum* now maid* Tlmn ef mIo. Monday, October It 1018, It o'clock M. _ M»«> A C. L. Dope*. Doun, N. C, Term* of eale, Caeh. Thl« Aoptombor »th, 1010. TH* DUMM OOM.JkjrUfTLY CO. FIRST NATIONAL BANK Is now in its HANDSOME NEW BUILDING p- i. — , —— i - ■ _ The only National Bank in Harnett or Sampson Comities We tm.xe u ■specialty of handling farmer*'- account* and alwuyx have | money to tent them upon eatnfactory security. j Wc puy 4 ptv cent in threat l*un !• r»ur *xvnt* <^|>amnrnt and on j | Certificates of Deposits ami you car. £<.1 your money nny time you call j for it. | | When yon have idio money, teat'** i* with u* on deposit and when you ntrod to borrow money wo arilj i>e to icivl it to you in prop rtion j to the amount you have with u*. !'• A COOl'BR, Pres. I. c. CDITORI), Vica-Pra*. j C. S. HICKS, Vice-Pres mid Cash. W. K KAI.DWIK, Awt COahiar. $2.05 EXCURSION TO SANFORD on account of the LEE COUNTY AGRICUL TURAL FAIR fbc At*..Mlit (*>u: t Line will well excursion tickets from DUNN to SA.'l/ClM>, N. I.s, n f:\0ft for sl| trains on OCTOBER 13, 14 and 15, l-imiM,; «vt»T...| ,c tc iJUule,' If.ih, 11)1and »t proportionately low fares. o,i s'llO".' 'iau-. ai-.l with same'imit, from all intermediate station* k'or srliLMvi'-f .j.'.i furjsti inforMatioo, rail on J. W. WHJTKIlKAn. Ticket Agent, Dunn, N. C. ATL ANTIC COASTLINE ST iMDARD RAfUtOAD OF THE SOUTH FXCUESSON TO RALi GH OK ACCOUNT OP THE N. C AGRICULTURAL FAIR The Atlantic Owist l.inu will »nl| uxcumion ticket* from DUNN to R-XI.KICII, N. C. Jt *2.1B, INCLUDING ONE ADMISSION COUPON tO THE KAIK. Ticket* 'rill bo told for all trains on October 16th to 23rd, Inclusive* WdmiLrd rrturiiiiigr up to andindudln* mldnipht of Ortohor 2KtA, CIS I'roprrtsonatoly low faro* on aara* data* and with sama limit, wdl be uwao fiom all ntatior.a tn North Carolina and Virginia. Fur wtudidcu uiwl forthor Information rail on, i. W. WHITEHEAD. Tickot Agent. Dtmn, N. C. ATLANTIC COAST LINE The Standard Railroad of the South
The Dunn Dispatch (Dunn, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Oct. 6, 1915, edition 1
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