.
_TTD ^ ^ ~ ~ FARMVILLE, PITT COUNTY, NORTH CAROLINA, FRIDAY, FEBBUARY 1?,1M4 " NCM^Kt FOBTY^ONB
VOL. TWh^TI-niUll ; . p a ...
' --? ' ^ ? - ' ?" -v- ' . " : i . 1 . - ir ~ ? ~ ? ~rypn ? ??
Facts About Farm
Credit Associations
Applications For Loans
In This Section Are
Handled by J. C. Gallo
way, Greenville, N. C.
The 1934 crop season will mean the
beginning of a better system of cred
it for many farmers who are prepar
ing to finance the year's farming by
means of short-term loans through
the production credit associations
which are being organized under the
Farm Credit Administration through
out this state.
Under the Farm Credit Administra
tion the- land banks will continue to
make long-term real estate mortgage
loans; but the administration is also
providing a long needed system of
short-term production credit for far
mers?loans to be used for producing
crops and livestock and repaid at
the end of the season. This is an
- *? and
entirely new service
it is designated to be permanent
Farmers in this locality will be
served by the Greenville Production
Credit Association, which was char
tered on December 7, 1933, to serve
Producers in Pitt and Greene coun
ties About ."our or five counties is
the average size of an association.
There is no fixed number of counties
standard for all associations, but each
must include enough territory to give
a volume of business sufficient to se
cure efficient organization and low
cost of operation.
The Greenville association was or
ganized through the cooperation of
representative farmers of the coun
ties included, with the assistance of
the Columbia Production Credit Cor
poration. There is one of these cor
porations in each of the 12 bank dis
tricts in the country. The local as
sociation will obtain loanable funds
? i;-*~ Kanlf
from tne inienneuiaic
of Columbia, which will lend money
on, or discount, well secured notes of
farmers. All of these institutions are
a part of the Farm Credit Adminis
tration.
- A production credit rbsociation
does not end Government money.
The funds that will be loaned are ob
tained by the intermediate credit
banks which sell short-term bonds,
or debentures, to the investing public.
In other words, the money is being
borrowed to be loaned to eligible far
mers to enable them to produce a
season's crops. The association is
not a charity institution; but a busi
ness credit institution for business
minded farmers. The purpose is to
make loans that farmers can afford
to use for a Sanson's operations, and
which will be repaid at the end of the
season. It is a pay-as-you-go plan
for agriculture.
Loans needed to buy work-stock,
fertilizers, seed, machinery and
equipment, for purposes of dairy or
poultry farming, or for other ex
penses incurred for general agricul
tural purposes, may be obtained from
?n credit association as con
venientiy as from any carefully-man
aged bank. ^
Most of the loans will run from S
to 12 months, depending on the length
of time required for growing and
marketing the crop or livestock which
the loan is made to produce. Loans
for crop production will usually ma
ture in less than a year, although
loans such as those on dairy and
breeding cattle may ran longer?up
to IS months.
Applications for these short-term
loans are handled in this territory by
Mr. J. C. Galloway.
Applications will be acted upon
quickly when they give a clear finan
cial statement of the applicant's farm
ing condition, listing all assets and
liabilities and estimating net worth.
The applicant should name specifically
the farming assets offered as securi
ty for tha loan, and give a plan, or
budget, showing hum he is going to
use the loan applied for and how he
is going to repay it
Primary secumty for production
loans consists of ttvastock, farming
equipment growing crops, or other
personal property most appropriate
to seenxw-the loan- adequately and
make -up a-eft?Mi HkinRUKU. u 11
not intended that loans ?shall be se
cured primarily by mortgage on real
estate. Where- this type of security
is taken it will be regarded as addi
tional collateral.
The minimum loan is $50.00 and no
loan may enflsed 20 per cent of the
authorised captital of the association.
The amount of the loan should cor
respond with the actual need for cred
it. Perhaps more farmers have be
come heavily involved in debt be
cause of too much credit than because
of the lack of it Loans'from pro
duction credit,associations wiH-only
be made as needed; and proper pre
cautions will be taken to prevent over
extension of" credit so that farms will
not hare to pay unnecessary indebt
security for the loan personally in
spected by a loan inspector of the as
sociation. The minimum charge for
inspection is $2.00. Regulations about
inspection charges and collection may
be changed as required by the pro
duction credit corporation. Usually
no charge will be made for inspection
if the loan is' not granted.
If the report of the inspector is
satisfactory and the loan is approv
ed by the loan committee of the as
sociation, the farmer's note ib en
dorsed in the name of the association,
and sent, along with his credit state
ment and chattel mortgage, to the
j intermediate credit bank of Columbia.
If the bank approves the credit state
ment and the security, it makes funds
available to the association, and the
association sends a check to the bor
rower immediately.
Each association is capitalized ac
cording to the credit needs of the ter
ritory it will serve. Most of the cap
ital stock is purchased by the Pro
duction Credit Corporation of Colum
bia and this enables the association
to begin making loans immediately.
Funds derived from the sale of stock
to the corporation are used by the
local association to purchase high
grade collateral, chiefly Government
bonds, which are placed with the in
termediate credit bank to establish a
line of credit, that is, to get the bank
to discount money on the notes of
farmers which the association has
endorsed. Ordinarily the bank will
discount well-secured farmers' notes
up to five times and association's
capital. In this way an association
may get all the;credit it needs.
The authorized capital stock of the
Greenville Production Credit Associa
tion is $80,000.00. Of this amount
the Production Credit Corporation of
Columbia will pay in, as needed, about
$50,000.00, making possible a maxi
mum total of loans of $250,000.00
through loans and discounts with the
immediate credit bank.
Autually the Production credit cor
porations owns about three fourths
of the capital stock of the association.
The farmers who borrow from it own
most of the remaining portion, each
borrower being required to own 5 per
| cent of the amount of his loan in vot
I ino? ?trv>k in the a^Moiataon.
A farmer who gets a loan from
the association does not have to ad
vance any money to pay for his stock,
j as the purchase price may be included
in the loan, one $5 share being pur
chased as each $100 of the loan mon
ey is advanced. The stock carries no
double liability. Thus a borrower's
liability in a possible impairment of
capital of the association extends only
to his own stock holding, amounting
to $5 for every $100 or fraction there
of borrowed.
A farmer does not have to pur
chase new stock each time he bor
rows unless the stock he owns has be
come impaired in value or he wishes
a larger loan. A farmer no indebted
to the association may sell his stock
to another eligible borrower, or may
exchangd it at its fair book value for
non-voting stock. Such an exchange
must be made within two years after
the holder ceases to be a borrower.
The 3tock purchased by the cor
poration is non-voting, but preferred
as to assets in case the organjggtifm
is liquidated. The voting stock is
owned only by the borrowing farm
ers, each having only one vote in the
association no matter what the amount
borrowed or stock owned.
Officers and a local loan committee
of each association are selected by
the temporary board of directors
which was elected by the charter
members when the association was
organized. At the first annual meet
ing of the voting stockholders, that
is, the farmer borrowers, a board of
directors, will be elected, confirming
-or replacing the temporary board.
Thus each borrower has an equal
chance of voting his opinion as to
the management of the association.
At present loans from a produc
tion credit association carry an in
terest rate of 6 per cent, charged on
?an annnal basis, that is, only for the
actual time the loan is outstanding.
A loan for six months, for instance,
will carry an interest charge of about
$3 on a hundred. The interest is not
collected until the loan is due.
The interest rate charged the in
dividual borrower may not exceed by
more than 3 per cent the rate at which
the association gets money from the
intermediate credit bank. At present
the interest or discount rate charged
the association by the intermediate
credit bank is & per cent?these
Charges make up the 6 per cent in
terest rate paid by the farmer,
j^the interest spread of 3 per cent
between the rate paid by the associa
tion and that paid by the borrower
goes to the association to meet opera
log expenses and build up a guaranty
ffcnd or nrplus,. needed %y any care
fully managed business institution...^
4 Actually, the Farm Credit Admin
istration is establishing at Greenhflle.
r as at other carters of farming sec
i QDoSf a xarmers simviinn credit
xaaOSqlraA.:rv
N. C. Tobacco Crip
For 1933 Valued
Over 83 MHIion
Total of $83,553,000 Re
ported by Crop Report
ing Service; Average,
To Be $16.10
Raleigh, Feb. 14.?North Carolina's
1933 tobacco crop was valued at $83,
553,000 in estimates announced yes
terday by the crop reporting service
of the state department of agricul
ture.
This is $48,280,000 more than the
<WTO AAA 1AOO
| OyWV 111 1?7U6 Vl Vy pvuiivvu.
With 509,060,854 pounds of the
estimated 1933 production of 518,
522,000 pounds marketed through
January, the crop already has
brought in approximately. $81,296,
000, the report revealed.
The average price paid through
January was $15.97 a hundred, .as
compared to $12.03 for the 1932
crop marketed through the; same
period a year ago. The report esti
mated the yearly average for 1933
would be $16.10 a hundred as com
pared with $12 the previous year.
The estimated 1933 production
represented an increase of 76.5 per
cent ever the 1932 crop which total
led 293,694,000 pounds, the report
said. This tremendous gain was at
tributed in the main to a 43 per cent
increase in acreage planted and a
marked improvement in the yield
per acre.
The estimated yield an acre was
' - - J -x nnt\ ?3~ t AO
piacea at nv puuiiua, a.?*u
an acre more than the previous sta
son.
Market sales during January were
unusually active this season, the re
port declared. Producers sales last (
month totalled 36,437,492 pounds at
an average of $14.31 a hundred, .
compared with only 13,007,833 last
year at an average of $8.67.
New bright belt markets, which
sold 281,059,405 pounds through
January at an average of $16.31 a
hundred, led the state in poundage, I
but old bright belt markets with an
average of $16.84 a hundred for
154,999,206 pounds, led in price,
South Carolina belt markets,
which closed in November, sold 70,- ,
056,428 pounds at an average of
$12.93 while sales on the Asheville
hurley market through Jhnuary total
led 2,945,315 pounds at an average
of $9.66 a hundred.
The average- prices the previous
year in these belts were: New bright
$12.41; old bright, $11.14; South
Carolina, $12.66, and Asheville bur
ley, $15.22?a lower price than pre
vailed for the 1933 crop in each in
stance except the Asheville market. ]
CAPTAIN ANDERSON
EXHIBITS HIS THiKTY
WORLD WONDERS HERE '
i
Featuring the exhibit of a number 1
of'deep sea specimens of Capt. A. J. '
Anderson, now on view in tie store
formerly occupied by the Hub Hard- j
ware Co., ig a "monkey fish" said by
Hie Captain to belong to the "skate" j
family. Of a broad type with a head
apd tail shaped like those of a monk- J
ey, the freak also his'wings.
Capt Anderson has traveled around '
in this and other countries for thirty
years, and has spent the past nineteen J
years in gathering these wonders. ,
Among the curiosities offered for in
spection I is a two headed calf and a
baby whale.
. 1
business. Each borrower has part 1
ownership in the business. His lia- ]
bility for loans of the organization is j
only 5 per cent of the amount he bor
rows. The management of the busi- i
ness is being entrusted to represents- ]
tive farmers chosen by the member j
borrowers. This is the only method |
ever devised which permits farmers <
with the aid of the Federal Govern- <
ment to ultimately own -and operate i
their own production credit business.
Co. Board Ibhl
Meeting Friday
County's Finances In
Better Shape; To Push
Collection of Personal
Property Taxes
Greenville, Feb. 15.?Holding its
the Board of Commissioners of Pitt
regular monthly meeting Friday.
Cpunty transacted routine business,
reviewed reports that showed the
county to be in the best financial
condition in five years, and urged in
creased efforts on the part of the
tax collection department to collect
personal property and poll taxes.
The regular monthly meeting was
scheduled to have been held on 1st
Monday, but was delayed because of
the illness early in the week of R. H.
McLawhorn, chairman of the board.
The tax department's" report for
the fall's operations showed that the
better business conditions in the
county had been reflected in tax
collections. Indicating that shodld
the proportions of collections con
tinue for the coming spring months
of the county would complete its fis
cal year within its operating budget
without borrowing any money, for
the first time in more than five
years. The debt service budget for
the year were also beyond expecta
tions and with good collections from
now out that portion of the county
affairs would likewise find itself in
the clear for this year.
Noting from the tax department's
records that there was still out
standing a large amount of uncol
lected personal property tax money,
the board ordered the tax officials
to concentrate their efforts on col
lecting these taxes in order to make
it possible for the county to operate
in the clear this year. The nearer
collections reach the 100 per cent
mark each year, the lower the tax
rate will have to be, the board point
ed out, and citizens who have not
paid will be urged to do their part
by paying now.
Cotton Drive
Nears Close
Fifteen Hundred Con
tracts Expected To Be
In the Office Here By
Tomorrow
TPAVI 1 K _ TV?A rtrttfAM
VriTTtTJl ViUCf 4'CU. 4-C/. iiJO wviw*
production campaign which has been
in progress in the county the last
several weeks will be brought to a
dose tomorrow night, E. F. Arnold,
lirector of the Pitt County Farm De
monstration, stated today.
Farmers who have not signed the
contract "calling for acreage re
duction during the next planting
season were urged to do so at once
and be'in position to take advantage
jf the splendid government bene
fits to be derived from such action.
Mr. Arnold said 1,200 contracts
had been received at his office so
far, but he 'expected 1,500 would
be on hand by the end of the cam
paign.
Committeemen were at their places
in various parts of the county as
sisting growers in putting their sig
natures on the dotted line and they
were expected to be quite busy today
helping those who put off signing
until the last minutes.
Mr. Arnold when the campaign
L-omes to a close and urged commit
teemen to do everything in their
power to bring the recalcitrant ones
into the fold.
The agreemnt to cut acreage has
already resulted in,a boost of cotton
prices, and this advantage is ex
pected to hold good as long as the
growers show an inclination to co
sperate with the government in its
efforts to cut production, and relieve
the surplus supplies glutting the
world market at this time.
?
Mouth Health Survey
To Be Made in Public
Schools of th
Members of the North Carolina
Dental Society will make a Mouth
Health Survey of the public schools
of the State on Tuesday, February
20th, and Thursday, February 22nd.
These gentlemen, am giving their time
without any remuneration but as their
contribution toward improving the
health conditions of our children.
.
It is expected that 700 dentists
will visit the schools on these, two
days and during this time they will
inspect the mouths of at least two
hundred thousand children for den
tal defects. This is the greatest con
certed effort ever to be undertaken
in two day's time in the health an
nals of
Safe- iMsfe?
. '..v*- -? i:;? -h: ? -? ' fly.
It is reported that undernourish'
ment ranks first in the physical de
fects of our school children, and inas
much as undernourishment is reflect
ed in the mouth of the child by im
proper development of the teeth,
the dentist has an unusual opportuni
ty to find if t&s is true.
If the child is found to nave dental
defects, the parent will be notified d
such conditions. It is hoped that they
will take the child to their regulai
dentist and have these conditions cor
rected. -
4 This servey will be Conducted in
Farmville School, of Pitt County, bj
Doctors Jones ahd Roddick, Feb 20ti
and 22nd, who will be Out of theii
d$ces onth*?
N. C. Has Best
Systey of Roads
In United Status
Filed Supervisor of Bu
reau of Narcotics Says
State Has One of Best
Administrations
i. ? -
Raleigh, Feb. 14.?"North Carolina
has the best system of roadsinHhe
United States and one of ..the-, best
administrations.o{ the federal nareo*
ii- <?? tr T vr
tic lawf Hi *?? 11 AWIU
visor of the bureau-of narcotics,
today when he was making the :neual
supervisory visit,
A little more coaxing.might.have
made a double superlative . .for the
state, but he stopped, at extravagance
on the narcotic enforcement The
state .is freer from the traffic , illeg
ally in these deadly drugs -than., any
that he knows. He told clerks: ill
the federal offices that the national
government is . .getting great ooop
eration from this state. He amaeed
the departmentajists with his praise.
He is a Phi'adelphian and was ap
pointed 10 years ago,
"The state is better off economic
ally and innuatrially than any I
know," he continued. He thought
that of himself though another may
have told him the details. It astound
ed him to hear that the state met an
interest installment of more than
43,000,000 in January and paid an
other 43,000,000 on principal. He
learned about the promptly,: though
poorly paid teachers, and hc acclaim
ed North Carolina as :thebest fixed
state in the union.
"I can tell the moment I get on
your roads," he continued. "They!
are better marked and better built"'
I know something about roads, trav
eling as I do from 25,000 to 30,000
miles a year. I learn that you have
taken over all the county roads, In
time they* wijl be finely eared for.
''Your gasoline tax is high, but
you have a lot to pay with it You
of course make more mileage' and
your cars last much longer arthere
sult of your roads, But there Is no
where in the country that seems to
be quite so well - fixed as North
Carolina.^ To be able to keep up in
terest and principal on your state
debt ia a great arcomplishment and
it seems to answer the question whe
<* - ?x LJ?J1 X
mer you went into ouiiuiuk on wo
{Treat a scale." .
?<??
- i i
TOWN GIVES CITIZENS
BENEFIT OF STREEY
IMPROVEMENT
With the idea in view of improv-j
ing the sidewalks here, the Town
of Farmville has purchased at
wholesale prices such materials as
sand, cement, and stone, and will
furnish the labor under the CWA
to repair or lay new pavement
within the city limits where desir?*
ed, if the property owner Will pay.
for the materials used.
Mayor Lewis and the committee i
wish to get in touch with citlsens i
desiring this improvement at once i
as it is uncertain just how Umffj
this service may be continued.
ii ? i ... ? niiip.il if
a a . -mm ??
uoiiege Buuaing
Reduced to Ruins
. j
Early Morning Fire De*
stroys WingateHall a<
Wake Forest
Wake Forest, Feb. 14.?Winrgate
Hall, the second building to be erect-'
ed at Wake Forest College, wasre-'
duced to ruins by fire today causing!
damage estimated at approximately!
$85,000 by Dr. ThurmanD. Kitchen.,i
president pi the school. -5
Plans fori replacing *the structure,
which housed the Baptist school's
chapel, physics, phochology, Latin
and Greek departments, will await
adjustment of insurance, totalling
$80,000 on the building and $12,500
on the equipment, Dr. Kitchen Said.
Meanwhile, room will be made in
other buildinga 'at the college to
iUDVV VMC ViUM^Via/t
Wingate Hall was erected more
than four-score years ago. It was
the oldest building on the campus
as the college's first building, Wait
Hall, ^.destroyed by fire about
a year ago. Wait Hall, originally
built ^tlM
replaced.
: ? Tba fij? in Wingate Hall was dis
covered about. 2 a.: mu and had gain
ed such headway that the combined
efforts of the Wake Forest and Ra-;
leigh fire departments failed to save
the structure. Its origin was not
detemked.
5!Dr.- Kitchen tojny>Ttf'rd loss oi a
______ . _?-?-?"1
6m, jchrssb to
Spssk atOBan
NBAChieftainAccejota
imitation of ' Extern
CardinaTradeBody
. Dann,F?b, 14.?Gen. Hugh S. Jdhn
ison,-:duef of the^lktiotnl Recovery
Administration,- willspeak -1% Dusn
b*ft>mith?P twetttkttimuai mwttag oi
-th Eastern Carolina Chamber of
Commerce/ April 10. Gwmnor J; C.
B. Ehrtaghaua may also appear on
theproptmmrofthe cMetfng, ^ which
wiltibe 'S dinner session held in the
Btauviwnany.
Preliminary plans for the convene
- .. -
thm-were made at -a'-' mating last
night of i rejMWeRtatiWs of the
Rotary -and - Liens -clubs, the Mer
chants' Assodattoai and1 the Woman's
-Chib, presided over1 by-Henry M.
Tyier, vice^rostoent of; the Eastern
Carolina Chamber'of Commerce, and
attended by N. G. Bartlett, of Kins
ton, secretary of the organisation.
There-are 110 members of the chain* ,i
ber in- Dunn. Officers of the trade
body-aomouneed -the NRA chief had
accepted an invitation to speak.
More than 500 members of the
commerce body will be in Dunn for .
the annual ^meeting. ' Elaborate- en- r
tertaimnent tor them on their "first
visit to Dunn is being arranged.
Thei^dteter session- will dbe followed
by a public danee,lol-which Weide
meyer's orchastra of Washington will
furnish .the music, The complete ?'pro
gram or the event will be published |
by Socntxry within a- few
days. - Committees on - arrangements
for the meeting will be made public.
General Johnson, who has pre
viously spoken in Georgia wid in the
West, vrtll come to eastern North
Carolina for the first time.
Seek Tat On
ln-Si|Mts
In Leaf Drive
FarmBoard -Urges Con
gressman to -Provide
Legislation For Sign
ers Protection
Greenville, Feb. 14.?Federal legis
lation seeking taxation of non-signers
of tobacco reduction . contracts at ?
.warehouses is being pressed .by .agri
cultural leaders of this county as a
means of protecting those who hay?
agreed to take part in the. govern- '
ment campaign to cut next year's
crop and relieve the glutted condi
tion of the American market, it be- 1
came known today.
H. 'F. Arnold, director of the De
partment of Agriculture of this !
-county, -made - public a telegarxn <
which J. E. Wlnslow, chairman of i
the Pitt County Department of Ag
riculture, recently dispatched to Con
gressman Lindsey Warren at Wash- i
ington, urging that the Congressman
take immediate action looking to I
the question ofsuch-legislation. 1 -
The-telegram -said that 2,500 toi ?
-bacco growers who signed -the 'to* ?
bacco reduction contracts urged tfcei i
government to start-action'for acrej ?<
age control through taxation at to-* j
baccp warehouses on airnotr-atgnersJ -
It statedgrowers wonld ibe flOrB-t *
ly disappointed 'if such action wasi ?
not taken.
In explanation of the mcftstfg*,!
Mr. Arnold said, the retjoest'applied
to new fanners planting after the
tobacco campaign' has?? doled. It
also'would affect farmem whose pro
duction is above what they signed
for. ;
The farm director .said practically
all growers of the uoMTty Idul-sign
ed the government contract, V but
that acmiiBition oftarm tfisds t>y in-J
forests which did^SE^BI^ptid
sorely affect the redaction campaign
if something Is not done to improve
the situation.
Although no reply has yet**H re
ceived from Congressman WttKH) 1
this was expected in the -tenet ;>few
yean. The board members felt'that
the Congressman fully appreciated
the situation and would -take Jtetoi
diate steps to remedy aame.
i ?- V * ;? ? ? A
score or mora of portrait* of dis
tinguished sons of WMfc^pWtert
which hung on the walls in Wfcigate
Haii's iUtr: "! I
Surley-^owora in Haywood Gaun
Ihad not
i,?JS M SLs .v'-;.;;
MaetJmaken and Brittin
Given Ten Days in Jail
Senate Finds Both Gull*
ty of Contempt; Ean
shue and Gitren Fueed
Washington, Feb. H.?Wttliam P.
MacCracken, who led the Senate a
merry legal chase for almost !* week,
and 1* H. (Brittin, who tore op some
papers a Senate committee had sub
poenaed just like he would hare torn
upaay other papers, were found guil
ty of-contempt of the Senate tonight
and sentenced to ten days in jaiL
-Harris-M. Hanshue and Gflbert
Oiwin, who took some papers from
MacCracken's file, but retained them,
were found not guilty.
The four, held waiting in a com
mitter room while the Senate locked
its -doorsto deliberate over the ? evi
dence that had-been put before it
in -open- session, were brought back
Into the chamber to hear the find
ings read in sonorous tones by a
clerk.
Frank J. Hogan, counsel for Mac
Cracken, pvho had protested that the
Senate had no authority to try His
client for contempt, did not indicate
immediately what his next legal step
would-be. He already had said he
intended to appeal a decision by the
District of Columbia supreme court
which turned ' Mac Crack en over to
the Senate.
31 New Credit
Groups In State
Corporations Organiz
ed For Loans to Farm
ers Organized
Washington, Feb. 14.?There have
now been organized in North Caro
lina 31 production credit corpora
a An/tV /lAtfAMnrr f?rA f A - TAtll*
wviwj ? yovxi wiwuig^ wv w AVM*.
counties, which have combined capi
tal of 11,772,500 and which an au
thorized to- make short term loans to
eligible borrowers to cover the cash
costs of producing livestock, dairy
and poultry products and other gen
eral agricultural purposes. Borrow
ers may obtain loans by becoming
members of these associations, ob
taining the voting stock, obtain
ing oner five dollar share for ; each
$100- borrowed sad by offering ade
quate security.
Both the facilities of these asso
ciations innd the $40,000 >seed "loan
bill will be available to North Caro
lina farmers in financing their 19S4
crops. The seed loan'bill, which pro
vides ? for no security except liens
upon the crops, provides that no
farmers may receive nid 'who have
not signed reduction agreements and
a similar restriction is expected to
be placed around the loans of the
production credit corporations.
Locations of -the* 81 'associations
in i Notth Carolina,' together with the
capital stock of-each, follow: Eliza
beth City, $85,000; Greenville," $80,
000; Waafc&gton, $85,000;raw Bern,
$60,000; Laurinburg-, 960,000; Car
thage, $60,000; Ahoakie, $46,000;
Kinaton, $45,000; Fayetteviile, $40,
000; Lomberton, $76,000; CherryviUe,
$80,000; Wadeabora $60,000; Statea
ville, $50,000; Lfcaiaburg, $82*00;
Henderaon, $90,000; Goklaboro, $50,
900; Dunn, $90,000; Franklin, $26,
000; Marion, $80,000; Hil!ebor?v$86,
000; Asheville, $40,000; Winatotf-Sa
lem, $40,000; Gwenaboro, $40*00;
Cencord, $40>000; Wiltesboro, $86,
?00; Roeky >Mo?nt,i $90*00; Sndth
ffcld, $60,000; WeWon, $80,000: Wil
mington, $40,000; Knwnavttle, $40,
000; ? and Raleigh, $604)00.
Italy Wary of
Intervention
Will Support Austriaas
Suggested by French
A- ? 1 DMAwi
l/IUy HB A MMMl UCOUli
. . t
' Roue, Italy, in the opinion-of wtll
fnforued persona, will consider in
tervention in Austria's civil war*?as
suggested in.-Paris?only as a last re
sort. Many Italians fear the Nazis
raay seise upon the Austria crisis' as
in opportune time .to drive political
potter. It is tUrfbctor which, causes
chief concern.
There was no official comment
on the unofficial proposal in Parts
by Henry Berenger, Senate Elralgn
Affairs Committee thai
Austrian independence be ..protected
by France,' Britain and Italy.
!. V: ? ? ? ? ? J
Brunswich County have pooled tbrtr