Newspapers / Shelby Daily Star (Shelby, … / Oct. 24, 1924, edition 1 / Page 3
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LITTLE “STARS’ (,'otton ---- i« ( otton Seed • • * * 1 22c • 55 1-2 * * * * —Singing at Union—There will be 0|(i time singing at Union Baptist church Sunday October 26th. Every body is invited to be there with class, choir and congregation singing books. _Birth —Born to Mr. and Mrs. Harry Woodson at Bluefield, West, Vn on Tuesday of this week a ten pound son. This makes "Preacher” Woodson a “grandpa”, of which he is proud. Mrs. Woodson before marri age was Miss Mary Anthony. —Real Estate—W. C. Harris Com pany, real estate agents, this week sold the Jim Beason farm of 131 acres near Mooresboro to J. B. Lovelace and j H. Carroll for $6,500 and the J. J. •Thompson house on W. Marion street occupied by Ike Berger to Roy Wilson for 15,250. —Colored Teachers—There will be meeting of all the colored teachers and committeemen of the Cleveland county colored schools at the colored graded school here Saturday, October 25 beginning at 10 o’clock in the morning. The state supervisor will be present and will speak to the teach ers. All are urged to attend. —Fire Tuesday—The -fire depart ment responded to an alarm Tuesday afternoon from the shop of the Elec tric and Battery Service company in the Automotive building on North Washington street, where a fire had started in some oil and rubber, Al though the burning oil produced a heavy smoke the fire was extinguish ed with little damage. —At Clover Hill—Rev. E. M. Avett, will preach at Clover Hill next Sun ay morning at 11, and at Polkville at S o'clock in the afternoon, preaching at Lattimore at 7:30 in the evening. These will be Rev. Mr. Avett’s last ap pointment on the Polkville charge as he has been transferred to Spencer and large crowds are expected to hear him at each appointment. —On 90-day Leave—L. E. Ligon, for many years the popular and capa ble agent of the Southern at this place has secured a ninety-day leave of ab sence which he may ask to be made permanent. Mr. Ligon recently bought a half interest in the Ellis Transfer Cot, wi'h which he is now associated. His successor as agent of the South ern at this place has not as yet been named. —Jack Sprinkle KiHed—Jack Sprin kle of Charlotte, well known to many merchants of Cleveland county, was killed Thursday night when the car in which he was riding, failed to take a curve near the Davie-Rowan cougty lines. Mr. Sprinkle’s neck was broken while Clyde Weatherly, Howard M. Dumbell and W. W. Fielder, three oth er Charlotte citizens in the car with him at th' time it turned over, were more or less injured. —Visit Speedway—Quite a number of Shelby people went to Charlotte Tuesday, Wednesday and Thursday of this week to see the racing car driv ers trying out in preliminaries on the Cbaroltte Speedway, where the big 2o0 mile classic will be held Saturday. A number will also see the races, but those who will not be able to attend Saturday arc taking advantage of the opportunity of seeing the drivers in action in preliminaries. Tickets for the races will admit spectators to the pre liminaries also. —Judge Bis Bay Dead—Judge J. Bis Wray of Burnsville who has held a number of Superior courts in Clev eland county, died Tuesday night at John Hopkins hospital, Baltimore, where he was under treatment. Judge Bay won many friends while holding court here, being an able and impar tial jurist. He sat on the electric power rate case which was tried here at a special term of court to set'le on the rate for electric current which the Southern Power company was charg ing its customers in North Carolina. —New School Buildrig—Scaled bids will be received up to Wednes day at noon, Nov, 5th, to be onened in the office of the Cleveland Mill and Power Company at Lawndale for the erection of an eight room brick school building for the Piedmont school. In addition to eight class rooms it will nave auditorium and basement for heating plant. —Episcopal Church—Services at the Episcopal church Sunday with preach nig at the 11 o’clock hour by Rev. B “• Lassiter of Marion. The public is eordially invited. —A Reunion—There will be a re on.on of George Gold’s singing class ne*t Sunday at Union. The singing *1' be led by Lee and Towery. All be old members of the class are in "ted to be there. , , ~"ins First Prise—Archie Archei wight little son of Mr. and Mrs. A. W rcn<‘r, of South Washington street p0n ftrst prize at the Cleveland oupty Fair for boys over two years ° His name was inadvertantly omitted from the list when the others Were published. m"Birth Announcement—Born to and Mrs. E. Pink Riviere Monday nfe'T *°n ^ot^er an<J baby are doing Mrs. Carroll Dies. Kln*s Mountain Herald. dJ>JrS 'Vm‘ ^arr°ll of Earl died sud w t^le borne of her brother, Mr. C™' Moss, at the Park Yarn Mill u e. ast Thursday. She was in her who* ulth an<i sitting in a chair ba. ,n s"e died. The body was taken Earl for burial Friday. She as 71 years old. J'ns it, sowing time. Let Campbell’s v 1 s ktady-to-wear see Campbells. **«-.** PERSONALS * * * + * * • • • Mr. Evans McBrayer has returned from a trip to AsiTFville. and Cl'ne Lackey spent Sunday in Gaffney. Mrs. Jean Schenck is visiting in Lin colnton. Mrs. C. M. Lattimore came over this week from Gastonia to visit Mrs. J. J. Lattimore on N. LaFayette St. Mrs. Clamdler of Gaffney. S. C., was a guest of her daughter, Mrs. Cline Lackey during fair week. wnr-rLaFayette Chapman of Copper w/ u Te^-’ 18 v,sitine his son Mr. W alter Chapman here. Mrs. F C. Coleman spent several days of this week with her father in Newton. Mr. Pyle and Mrs. John Schenck jr, spent Monday and Tuesday in Lincoln ton and Rutherfordton. Messrs. Walter Fanning and Joe Nash spent Wednesday in Hickory on business. Mr. and Mrs. W. L. Gardner spent Sunday in Gastonia with Mrs. Card, ner’s brother. Dr. T. A. Wilkins. Mr. and Mrs. T~ W. McMurry, Mr. and Mrs. Willis McMurry and Miss ■Areas-. Willismotorcd to Charlotte Wednesday. Mr. and Mrs. Rush Oates, Mr. and Mrs. Fred Oates and Mrs. Ted Rorison of Asheville will spent the week end at Cleveland Springs hotel. Mr. and Mrs. W. Fife Robertson, of Central Methodist church choir, have taken a suite at the College inn, where they will permanently locate. Mr. and Mrs. L. D. Miller and chil dren and Mrs. Frank Logan of Ruth erfordton spent Sunday with their kinswoman. Miss Lilly Kerr. Miss Millicent Blanton is the guest of Miss Dowd in Charlotte this week. She will attend the automobile races Saturday and the dance. Mrs. W. R. Hartness and son of Sanford are visiting Mrs. Hartness’ daughter, Mrs. Gordon Dudley. Mrs. Hartness formerly lived in Shelby where she has many friends. Mr. William Murray, son of Rev. and Mrs. W. A. Murray has been forced to give up his studies at Washington and Lee university, Lexington,, Va.( because of ill health and return home. Mrs. R. M. Farthing and daughter Miss Mary of Alberta, Canada, will arrive this week and spend the win ter in Shelbv at the home of Mr. and Mrs. J. J. McMurry. Mrs. C. A. Beam and Mrs. Carme Elam of Fallston returned Sunday from Richmond, Va. where they spent several days with Mrs. Beam’s son, Mr. Sherwood Beam. Mrs. Sam Andrews and Mrs. Rob ert were in Charlotte Wednesday. They were accompanied by Miss Sue Andrews who remained there. Mr. and Mrs. Welch, originally from Alabama have come to Shelby to make their home. Mr. Welch is a cotton buver. They have rooms with Mrs. T. W. Ebeltoft on S. Washing ton street. Mr. and Mrs. Frank Hoey, and lit tle daughter, Eleanor, leave Friday for Augusta, Ga., for a short visit to Mrs. C. N. Churchill. On their return they will be accompanied by Mrs. Churchill. TO PREACH OPENING SERMON AT NEW CHURCH Rev. R. L. Lemons, pastor of the First Baptist church of Shelby goes Sunday morning to Salisbury where he will preach the opening sermon at the Stalling’s Memorial church. The double quartet of the Shelby church will accompany him and render sev eral selections at the service. A Fine Daughter. Forest City Courier. Mr. and Mrs. Earl Whisnant, of Shelby, are receiving congratulations over the arrival of a lovely little daughter, born Monday, Oct. 113th. Mrs. Whisnant was formerly Miss Goforth of our school faculty last year. Mr. Whisnant is the son of Mr. and Mrs. T. C. Whisnant of this place, TEN CHILDREN ARE ORPHANED BY AUTO Robert E. Shufojd, employee of the Vanderbilt estate, near Asheville, died Sunday as result of injuries re ceived when struck by an automobile at Biltmore, Sam Frady has been ar rested, charged with reckless driving Shuford was standing on the Plaza in Biltmore, when struck by the auto mobile driven by Frady. The deceased is 38, while Frady is 50 years of age. The latter resides on Fafrview road, near Asheville, and was learning how to drive an autombile. Mr. Shuford is survived by his wife and 10 children. REV. W. O. GOODE LEAVES HICKORY FOR YEAR’S STUDY Hickory Record. The announcement yesterday that Rev. W. O. Goode, former pastor of the First Methodist church here and a resident of Hickory, was going to take a year off and study has been received with mixed feelings. Mr. Goode is to be congratulated upon being able to study for a year, but there is a bit of wonder as to who in the world will do his work as well and with the same spirit he has done it these past four years. It has been no ticed that W. L. Sherrill is to take his place, but Mr. Sherrill, delightful man, is in poor health and it takes the whole time of an able bodied man to collect and handle three or four hundred thousand dollars. The bishop was kind to Mr. Goode, but we have serious doubts as to lus kindness to the educational fund. $70,000 Farm Lands Sold By J. B. Nolan One Tract Bring* $400 Per Acre Mr. Nolan Sella Hia Home Place to John Peeler. J. B. Nolan, real estate dealer of Lawndale, closed five deals Tuesday of this week involving nearly $70,000 and including some of the best farms of Cleveland county. Mr. Nolan sold his home place near Lawndale con taining 100 acres to John Peeler, man ager of the store at Double Shoals, consideration $20,000. Mr. Peeler will move to the Nolan place January 1st. Mr. Nolan has made no plans as yet for the future. Mr. Peeler’s place near Double Shoals was purchased by A. Dick Spangler. Mr. Spangler is one of the largest land owners and best farmers in Cleveland, already owning over 700 acres of land and with a firm faith in the county’s future. The Peeler place which he bought contains 100 acres and brought nearly $15,000, his being the fourth farm Mr. Spangler bought through Mr. Nolan in less than a year. ! C. C. and George Blanton of the j Fir at- National bank purchased 114 | acres from O. C. Dixon, this property j adjoining the ,Dover cotton mill prop erty and extending along Brushy i creek two miles west of Shelby. At the same consideration O. C. Dixon pur chased the J. C. Ponder plantation of 140 acres near Bridges store on the edge of Nos. 6 and 9 townships. J. C. Ponder bought the Jesse Ham rick plantation of 24 acres, formerly the James Moore place just north of 1 Shelby for $400 per acre. Mr. Ponder , will move to this plantation. Borrow Five Million In Anticipation Taxes | Treasurer Lacy Negotiates Six Months' Loan For General Fund at 3 1-4 Pc. I News and Observer: | Acting under authority granted by . the Council of State at a meeting I just before Governor Morrison left the city yesterday, State Treasurer 1 B. B. Lacy has borrowed five million dollars for a term of six months fori the use of the general fund of the State. The money was borrowed in antici-1 pation of taxes and is the first loan j of the kind to be negotiated this j year. The notes will not fall due1 | until after the collection of the bulk ; of the income (axes for this year but under present anticipations, in-' ! come taxes alone will yield much j less than the sum borrowed yester idav. While borrowed for the general fund much of the money obtained ■ yesterday will actually be used by | the State Highway Commission, which is now in need of the pro ceeds of bonds issues which have been tempojarily converted into the general fund. I Treasurer Lacy obtained yester day’s loan at the rate o* three and one-quarter per cent, which is con-' sidered very favorable. The loan' was made by the First National j Bank of New York, with whom are associated the Bankers’ Trust Com pany and the National City Bank. LaFAYETTE SCHOOL AIDED COTTON GROWERS BOOTH Due mention should be made of the help which the teachers and pupils of the LaFayete school rendered Mr. Mc Gill of the North Carolipa Cotton grow ers association booth at the county fair last week. This was one of the prettiest booths at the fair and the pupils from the LaFayette sehool did the lettering in cotton made the small bales of cotton and put on finishing touches which added greatly to the appearance of the exhibit. Little J. B. I Crow, jr., set between the big cotton bales representing “Kihp Cotton" wearing a scarlet robe and a crown made of cotton to illustrate the fact I that cotton is king ib the south. Pati ently he sat there through the long hours, adding a touch of life to the ex hibit and force to the thought which the association wished to drive home in the minds of the visitors. MOVIE SHOW AT CASAR on poultry Raising (Extension Service.) A free moving picture show on poul try production and marketing will be held at Casar Monday night October 27th and Bethlehem Tuesday night October 28th at 7:30. These pictures are being put on by A. D. Robertson Seaboard developing agent in cooper ation with the Cleveland county exten sion service and should be a great benefit to the poultry raisers in the county as well as entertaining. The public is cordially invited to come to the free moving picture show at Casar and Bethlehem. EXECUTOR’S NOTICE. Having qualified as executor of the estate of Charlotte Louisa Cline, late of Cleveland county, North Carolina, this is to notify all persons having claims against the estate of said de ceased to exhibit them to the • under signed at Lawndale, N. C., on or be fore October 7th, 1926, or this notice will be pleaded in bar of their recov ery. All persons indebted to said es tate trill please make immediate pay ment. This the 3rd day of October, 1924. DAVID A. CLINE, Executor of the estate of Charlotte Louisa Cline, de ceased. Bynum E. Weathers, Atty. INHERITED A MILLION BUT GIVING IT AWAY Mr. and Mr*. G. Leonard and their son Bruce, of New York, who received more than a million dollar* in gifts and legacies from the latd Robert B. Hawley, president of the Cuban Amer ican Sugar Company, are uaing the money to help relative* of the sugar man who were overlooked by him in his will, it is learned. Marion Hawley Williams, grand niece of Mr. Hawley, said the eLon ards already have given away two-thirds of the fortune her uncle gave them. Miss W'illiams, who is 19, formerly lived in Mississippi but when Mrs. Leonard heard of her ambition to become a concert pianist she ar- j ranged for her to livfc at the Leonard home and set aside a trust fund for her, she said. -j HERBERT PARSONS TO SUPPORT DAVIS The Democratic national committee Wednesday made public a statement by Herbert Parsons, former Republi can member of the house from New York and former chairman of the New York county Republican committee, announcing he would vote for John VV. Davijj for’President. - «— Mr. Parsons said election of Davis offered the only possibility for the United States to share ,In the working out of a plan of continued world peace and asserted that the people could only insist on honesty in office "by turning out the party guilty of dishonesty." Asheville, Oc*. 21.—T. J. Candler, 83, pioneer resident of Candler and great-grandson of Daniel Boone, died yesterday morning at 3 o’clock after an illness of about two weeks. Mr. Candler had been in failing health for at least one year. During the early part of his career, which has been one of aiding to up build the Candler section, he served as an attorney and in the General Assembly. The main part of his life, however, has been devoted to his farming interests. DISSOLUTION NOTICE Notice is hereby given that J. N. Dellinger, a member of the firm of ♦he Shelby Corn Mill has sold his in terest in the business to his other partner J. G. Blanton who will con tinue the business at the same stand under the same name. This is to notify the public that the said J. N. Delling er is no longer responsible for a^y debts con racted in the same of the said firm that all accounts owing by the Shelby Corn Mill will be paid by the said J. G. Blanton and all ac counts due the Shelby Corn Mill will be collected by him. This October 22, 1924. .1. N DELLINGER. J. O. BLAN TON, Trading as Shelby Corn Mill. DID YOU ATTEND THE RACES LAST WEEK? If So— DO YOU RECALL THE NAMES OF THE WINNERS? HERE THEY ARE Skill Hava-Rexa Shelby Straights These “Spark Plugs” were in the Race from early morn till late at night. It was hard for the Judges to decide which made the beat record. Not only at our good Cleveland Fair, but in all parts of the country, these cigars are making and breaking records as fast sellers. As a smoker, if you are looking for a cigar that will make you love your mother-in-law like a preacher does chicken, then call for—smoke—and boost Skill Hava-Rexa Shelby Straights As a dealer, if you are looking for cigars hardest to keep in your show case and easiest to get into your Cash Register, stock up* on these popular brands. Merchants Ask Your Jobber, or REX CIGAR COMPANY . SHELBY, N. C. FIRST NATIONAL BANK of Shelby RESOURCES FOUR MILLION, SIX HUNDRED THOUSAND DOLLARS CONDENSED STATEMENT, OCTOBER, 10, 1924.___ RESOURCES LOANS AND DISCOUNTS— The largest item of a hank’s resources are the loans made to firms, corporations and in dividuals. Our loans are made with great care by experienced men with thorough knowledge of conditions and securities and amount to __ $3,661,087.05 OVERDRAFTS— Credit extended to customers in the form of overdrafts. A large part of our overdrafts are secured by cotton. This is a form of cred it that banks do not approve of and we urge our customers to discontinue this practice _ 13,486.00 U. S. BONDS— Bonds of the United States owned by us to secure our circulating notes ___ 2*15,000.00 OTHER STOCKS AND BONDS— Investments made by the bank in Liberty Bonds, State, County and Municipal Bonds ‘ 158,921.89 REAL ESTATE OWNED— An investment in real estate, on part of which * will f>e located the bank’s home in the future, and also house and lot taken in payment of a debt---_ 105,500.00 FURNITURE AND FIXTURES— New furniture and equipment recently pur chased which has not been charged off. All the furniture and equipment purchased in former years has been charged off_ $1,.435.72 ^REDEMPTION FUND— Funds placed with the U. S. Treasurer to re deem circulating notes when presented_ 11,250.00 CASH ON HAND AND DUE FROM OTHER BANKS— The cash on hand and funds placed with the Federal Reserve Bank and larger banks in New York, Richmond and other large cities constitute the Reserve t>f a bank. Reserve is calculated by the proportion of these funds to the total deposits. On this basis our reserve is about fifteen per cent of our deposits or over one-seventh as much as deposits, amounting to--- $492,115.96 The items above constitute the bank’s RE SOURCES, making Total Resources--$4,668,796.62 LIABILITIES CAPITAL STOCK— Amount paid in by the 125 stockholders as the Bank’s Capital___ SURPLUS FUND— Amount set aside by shareholders as a fur ther protection for depositors and used the same as capital____ UNDIVIDED PROFITS— Profits left on hand after setting aside ample amount for interest due depositors and in come tax____ RESERVED FOR INTEREST— Reserved from profits to pay interest due to depositors__._ RESERVED FOR TAXES— Reserved from Profits to cover Income Tax due_____ CIRCULATION— A National Bank is allowed to issue their bank notes if secured by U. S. Bonds lo the amount of their capital stock which is called circulating notes. Our amounts to ________ Secured by U. S. Bonds amounting to $225,000.00. BILLS PAYABLE— At times demand for money is heavy and funds are secured from The Federal Reserve Bank and New York banks on security such as State, County and City Bonds, to lend to cotton mills, cotton dealers and others. Our Our Bills Payable amount to_ BILLS RB.DISCOUNTED— Choice notes of our customers ^old with our endorsement, to Federal Reserve Bank of Richmond and other banks in New York City thereby using the excellent Federal Reserve System for the benefit of customers and community to the amount of_ DEPOSITS— Deposits are funds placed with a bank either on interest or checking account by other banks, corporations, firms and individuals. The Deposit account is the life of the bank and reflects tfie financial condition of a com munity. Our total deposits amount to_ > 250,000.00 250.000. 00 124,721.39 32,656.88 15,000.00 225.000. 00 200.000. 00 379,537.87 3,181,880.98 All the above items make up the banks iiabil ities, making TOTAL LIABILITIES_.$4,668,796,62 People often say they can not understand the usual published bank statement, so we have made the above explanations of each item, so that any one can read and understand the statement. We are naturally pleased with this statement, as it is one of the largest we have ever published and we want our friends and customers to read it and be pleased also. We thank every one who has helped to make possible this excellent showing of your bank. THE FIRST NATIONAL BANK OF SHELBY \ BIG STRONG, FRIENDLY, NATIONAL BANK--MEMBER OF FEDERAL RESERVE SYSTEM
Shelby Daily Star (Shelby, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Oct. 24, 1924, edition 1
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