THE QUALITIES'
OF LEADERSHIP
■By JOHN G. LONSDALE
President American Banker*
Association
Leadership and success, in •
general way, aro synonymous.
They are both founded upon simple
codes of thought
and acton, upon
the realization
t h t t he who
wins the laurels
must be a doer,
not a vi a i t e r,
that application
of energy, not
time or luck, is
what counts
most. A rab
bit’s foot is a
poor substitute
for fcoroe sense.
Both Success
John G. Lonsdale
and leaoersa'.p, u tuey ue oi me
highest quality, ure the result of
service to humanity, Service has
h en aptly described as "the su
preme commitment of life.” Ana
lyre the lives end times of all great
leaders of history and you will
find that those whose nameB me
enshrined in the hearts of their
countrymen are those who sought
to render a needed service to the
populace.
Leadership, like success, need
not. however, he international or
national to i.rhiove great results.
There is room for each of us to
he a leader in his community, in
his work, in his church, and in
various organisations.
One of the indispensable qnali
ties of leadership Is the ability to
persist steadfastly In the face of
discouragements. If George Wash
ington had not possessed the qual
ity of persistence, he and his sol
diers would never have survived
the hunger and privations which
were theirs at Valley Forge.
We have too many young men
and young women these days say
ing a job cannot be done. Too
many spend their time explaining
■why a thing can’t be done, instead
of saying, with firm resolve, that
it can be done, and then going out
and doing it. Anything that ought
to be done is capable of being
done. And anything worth doing
at all is worth doing well. The fel
low who handles a little job in a
big way is always on the road to
greater fields.
BANKERS STUDY
CHAIN BANKING
The Economic Policy Commls
■ion of the American Bankers Asso
ciation has been specifically in
structed by the general conven
tion of the association to study
and report on chain and group
banking tTevelopments, and al3o on
the proposal of the Comptroller of
the Currency for an extension cf
branch hanking In the national
banking system, to permit those
banks to conduct branches in the
trade areas surrounding their loca
tions.
R. S. Hecht, President Hibernia
Bank and Trust Company, New Or
leans, Louisiana, is chairman of
the commission. The members
are: George E. Roberts, Vice Presi
dent National City Bank, New
York, N. Y„ vice chairman; Nathan
Adams, President American Ex
change National Bank, Dallas,
Texas; Leonard P. Ayres, Vice
President Cleveland Trust Co.,
Cleveland, Ohio; Frank W. Blair.
Chairman of Board Union Trust
Company, Detroit, Michigan: Wal
ter W. Head, President, Foreman
State National Bank, Chicago; W.
D. Longyear. Vice President Se
curity-First National Bank, Los
Angeles, California; Walter S. Me
Lucas, Chairman of Board Com
merce Trust Company, Kansas
City, Missouri; Max B. Nahm,
Vice President Citizens National
Bank, Bowling Green, Kentucky;
Melvin A. Traylor, President First
National Bank, Chicago; Paul M,
Warburg, Chairman of Board Inter
national Acceptance Bank, New
York, N. Y.; O. Howard Wolfe,
Cashier Philadelphia National
Bank, Philadelphia, Pennsylvania;
Gurden Edwards, American Bank
ers Association, New York City,
■ecretary.
A survey showing the extent to
•which chain and group banking has
developed in the United States has
been made and issued in booklet
form by the American Bankers As
sociation of New York City.
SECTIONS WHERE
SAVINGS DECREASED
A regional analysis of the drop
in the nation’s savings deposits In
banks, as recently reported by the
American Bankers Association's
Savings Banff Divlsiou in its an
nual compilation for 1929 showing
the first recession in national sav
ings In the twenty years during
which it has published this data,
reveals that all sections except the
New England and the Pacifh
States groups recorded losses.
The published figures showe'1
that on Juuo 29, 1929, the total sav
Inga deposits hi banks and true
companies cf continental Unite
States stood at 528,217,630,00?'
which was *195,305.000 below th
similar lota! for 1928, when tlwr
was ah increnca of 52,300,000.000.
Star p*y»
BANKERS REPORT
DROP IN SAVINGS
Lure of Stoc'c Market Partly to
Blame, but Slackened Spec
ulation Ejected to Bring
Return to Thrift.
The first recession in the nation'*
savings account In banlts In the
twenty years during which records
in this field have been kept by the
American Bankers Association was
disclosed for last year in the recent
annual compilation prepared by its
Savings Bank Division. The shrink
age amounted to over $193,000,000,
on the basis of figures for the year
ending June 29, 1929, whereas a
year earlier the reported increase
was over $2,200,000,000, the largest
ever recorded. The number of sav
ings depositors also decreased dur
ing the year covered by more than
500,000 accounts. The lure of the
stock market and affiliated activi
ties are cited as part of the ex
planation for these changes.
The association’s statement says
that savings deposits in banks and
trust companies of continental
United States on June 29^1929,
stood at $28,217,650,000. The re
cession in savings, it declares, In
dicates a fundamental change in
th9 savings situation, irrespective
of whether it s temporary or not.
How Savings Used to G'aw
"In 192S savings deposits in
creased $1,562,1JO,000. in 1927 al
most $1.4 'O.ono, i 0 in 1928 over
$2,300,000,000,” it says. "It appears
now that some influences In one
year have taken the gain that
might reasonably have been ex
pected in savings deposits for 1929
and lowered them from the high
mark of the preceding year.
"A year ago it was stated: *Tbe
year closing June 30, 1928, regis
tered the largest gain In savings
deposits in banks and trust com
panies of continental United States
ever recorded in the history of this
country.' What a difference one
year makes! From a gain of more
than 2*4 billions of dollars In sav
ings deposits to a loss of almost
200 millions!
"Industrial production was much
higher last year than the preced
ing year. Factory payrolls were
considerably greater. In produc
tion, employment and trade, ad
vances were made over the preced
ing year, in the farm areas the
Improvement noted for 1928 did
not recede In 1929 and the livestock
industry in all its branches was
prosperous.
The Causes of th# Drop
"The causes of the recession are
possibly multiple. There Is scarce
ly any reason to doubt that one of
the important factors draining
away savings and decreasing de
positors has been the lure of prof
its to be made In stocks. For a
number pf years the people have
been regaled with stories of profits
made In stocks in all types of com
panies. During the last few years
there has been a specious philoso
phy preached that panics such as
formerly occurred were no longer
possible.
"If it was the lure of profits In
stocks which caused the recession
in savings, then a factor in future
savings will he the success attend
ant upon this venture of savings
depositors in stocks. If the experi
ment did not prove generally suc
cessful, then another year will
doubtless witness an increase in
savings deposits as well as in sav
ings depositors.”
HELPING YOUNG FOLK
TO BECOME BANKERS !
Through the American Institute
of Banking, which is the American
Bankers Association's educational
section, the banking profession is
educating 35,000 bank inen and
women in tfce technical and scien
tific departments of their work.
These students ere enabled by this
institute, which is entirely non
commercial In its operations, to ob
tain a grasp of the finer points of
banking without interrupting their
employment or interfering with
their earnings, in their bank Jobs.
The courses given, including
banking economics and law and
bank administration in all the de
partments, have been worked out
under the direction ef senior col
lage educators and the lectures
are always given by practical men,
such as lawyers in the legal
j courses, experts in banking opera
[ tions and college professors in the
economics courses. There are
chapters with meeting rooms in
over 200 cities and also a number
of smaller study groups are fos
I tered with correspondence aid.
It ha3 been said that the A. I. B„
| as it is familiarly known through
out the banking field, is the great
est adult educational organization
in the -world and Is supplying the
banking business with the largest
supply of trained workers each year
that any comparable line of busi
ness is receiving. The organiza
tion holds an annual convention at
tended by hundreds of young bank
workers as well as senior bank of
ficers actively interested in further
ing the Institute’s educational work.
r,t which numerous technical sub
jects of practical banking applica
tion are presented and discussed.
This year’s convention will be held
at Denver, ^-'irado, Juno 10 to 20.
fry Star Want* Ads
B. T. Falls Out
For District Judge
(CONTINUED FROM PACIE ONE'
he graduated from Wake Forest "ol
lege with two degrees, A. B.. and M
A„ completing the double course iti
four years and graduating with
magna cum laude honors, meaning
that he averged 95 or more on all
subjects during the four years de
spite the fact that he successfully
worked for two degrees.
Educator For Tears.
After leaving Wake Forest he
came to Shelby and was for two
years principa. of the Shelby
schools. He was then elected coun
ty superintendent of education and
held that office for six years, doing
much to lay the foundation for the
county’s present school system.
In 1908 he was admitted to the
bar after taking special work in
English literature at the University
of Tennessee, post graduate courses
in sociology and political economy
at Columbia university In New York
and a law course at Wake Forest..
In 1910 he first served as Demo
cratic chairman for Cleveland coun
ty and In the Webb-McNlnch cam
paign rolled up the county's largest
Democratic majority. He resigned s
county chairman in 1912 to man
age the campaign of Senator Sim
mons against Kitchin and carried
Cleveland for Simmons. He became
county chairman again In 1920 and
held the Democratic party here to
gether during the trying Hoover
Smith campaign, Cleveland going
entirely Democratic.
County Judge
In 1910 he was appointed county |
judge of the recorder's court and
held that'office for nine years with
out opposition, during which time
he gained a valuable insight into the
operation of a court from an angle
other than that of barrister.
In 1925 Mr. Falls represented Cleve
land county in the general assembly
and began his fight for the Austra
lian ballot. Re-elected in 1927 he
battled again for his ballot bill and
in losing by a narrow margin at
tained state-wide prominence for
his fight for cleaner elections. Since
that time, other than acting as
chairman of his party, he has de
voted his time to his law practice,
one of the largest in the section.
Mr. Falls became a charter menu
ber of the board of trustees of Boil
ing Springs in 1905 and has been on
the board since. He was association
al chairman for the Kings Mountain
Baptist association in the centennial
campaign denominational schools
He was superintendent of the Bap
tist Sunday school when the new
First Baptist church was built, and
was superintendent again when the
big educational plant was added u>
the church He has an unusual con
nection with the Sunday school »:■
that he has been teacher or super
intendent for 27 years, and taught
a class ol ladies tor an unbrouen
period of 23 years.
Schooled in the legal profession
for years, with experience on .he
bench, and with a lifelong contact
with the administration of Justice
his friends in Cleveland and other
counties believe him to be well equip
pcd to succeed Judge Webb.
Farm Board Will
Stage Corn Contest
(CONTINUED FROM PAGE ONEi
the ruling that all applications must
be in by April 15. In order to en
able farmers of the county to get
their application in on time The
Star today, at the end of this arti
cle, Is publishing an application
blank which farmer-readers may
fill In and send to the county ageu.
Pure Bred Bull Drive.
The farm board at Its meettng
also went on record as endorsing j
and offering all cooperation possi
ble to the pure bred bull campaign
for the county as outlined by the
farm agent. This campaign to eli
minate the scrub bulls of the couiuy
and replace them with pure bred
bulls will be„ started within a few
weeks
Another move of the board was
to officially approve the llve-at
home program of Governor Gardner
who was the first head and the or
ganizer of this county's farm boarl
The cooperation of the board whs
also assured the county agent in
assisting him to organize a county
poultry association with one aim b"
ing to have the birds of the county
blood-tested.
Meet At Belwood.
It was decided that hereafter th';
meeting of the board will be mov
ed around to the various townships
in the county. The next meeting
will be held at Belwood some tlrr?
in April.
Application Blank.
Below The Star publishes an ap
plication blank which farmers who
desire to enter the corn contests
may fill out and send to the farm
agent or a member of the agricul
tural board.
CORN CONTEST BLANK.
Cleveland County Farm Board.
Name -__.._
Township - ......_..._...
i Mail address ......____
Size of plot (1, 2, 3 or 5 acres)_
GO TO THE
PARAGON
SATURDAY
FOR
Footwear
AT
i/2 PRICE
— OUR ENTIRE STOCK. —
Men & Boys
SUITS
1/2 PRICE
THE
PARAGON
Dept. Store
Plan Better Roads
For Celebration at
Kings Mt. Event
(CONTINUED FROM t’AOlE ON (A
ol Kings Mountain; Col. A. L. Byrd.
Charlotte; James W Atkins. Gas
tonia. chairman of the publicity
committee; Mayor Wiley H Mc
Ginnis, Kings Mountain.
The party discussed the much
lalked-of pile of rock on tire grave
okf Colonel Ferguson and a dis
cussion was had as to whether this
large pile of rock, accumulated
through the years by visitors pitch
ing a stone at a time on the heap,
should be removed before the cele
bration or kept Intact.
It was the unanimous opinion ol
the members of the party that the
stones should be left as they are and
a neat marker placed at the grave
explaining that these stones have
been placed, not out ol any disre
spect on the part of the public, but
| u-’i ii matter of fact, out of a feclm*
of respect fpr the brilliant and dai
j tin; British commander. This will
be the recommendation of this com
mtttee to the committee of the
whole when It meets next at Clover
S. C., April 12
Assurance ts given that, brfor -
the day of the celebration, which
President Hoover Is to attend as
the guest of honor, two fine roads,
one from South Carolina side and
one from the North Carolina side,
will be completed.
Beaver Dam News
(Special to TJia Wt-r »
Beaver Dam, Mar. 12.—A large
crowd was present for regular church
services Sunday and also Saturday
Otir pastor was present at both
services and brought Inspiring mes
sages.
Mr and Mrs. VV. F. McGinnis at
tended the Sunday school meeting
n? Sandy Plains Sunday afternoon
Mr and Mrs. Luther McHwaln and
children from new Kings Mourn
tain spent Sunday with their moth- I
rr, Mrs. Mary McSwain
Mrs. Frank Rheinhardt; and daugn i
ter, Miss Essie and Mrs Cyrus Me
Murry, of Shelby, visited Mrs. Mar -
tha Jarrett Tuesday afternoon
SAIJ. OF VAI.IAH1.I-: FARM rKOI’FRTl
I
Under and by virtue of the authority
conferred upon us in n deed ol trust ex
ecu Usd bv J L. Hunt and wife. Kale Hunt
on the 3rd day of January. 1929. and re
corded in book 150. page 418. we will on
Saturday the
(9th day of April. I»*0, 1*5 o'clock noon
at the court house door in fihrlby, N. C .
Cleveland county sell at public auction
cash to the highest oltluer the (ol
lowing land to wit:
Lying and being In No B township
Cleveland county, N C. on the public
road leading from Polkvlile by way o*
Mount Harmony churcl*, and being Join
ed on the north by the lands of Lura Lat*
timorc and Joe Hastings, on the east nv ■
[> B WhiMiant, on the aouth by l> B
Wtvtsnant and John Houser and on the
west by Pet Harrlll, and being that ♦r**nj
of land conveyed to John L Hunt by deed;
of record in tho office of register of deeds
for Cleveland county. N C.. in book 3-X
page 284. and more particularly describe^
by metes and bounds as follows
Beginning on a pine, corner of hous**
lot in line of Lura La timorc. nnd run*
thence N. 19 K. 62 .poles to a stone in tl
edge of a pine field; thence N 4 4 F. 30
poles to a stone in a flat Joe Hasting s
corner thence with his line N 58* > F
88tj, poles to a stone; thence S 25 B 44
Bolen to a sttme, D. B Whlsnant'. corne.';
theme with his line S. 17 W 20 poles lJ
a stone nt. the edge of the bottom: them: i
N 78 E 18 Doles to it bitch on the tan
tmnk or the creek In Whierant'e line;
thence down the creek 8. 10 W. 34 poles
to a etake: thence 8 40 K. 10 poles to n
stake: thence N 78 K. 33 polee to a stake
on the north bank of the creek at tbo
old black oak at the old bitdgs; thane;
with the old line and line of D. B Whls
.mint B 34 E. 110 poles to pine (nor;
downi. thence 8, 1914 W. 31 poles to a
stone: thence 8. 19Vo W 60 poles to a
leaning pine in Whlsnant‘8 line; thence
with his line N. 87's w 13 poles to a
stone pile: thence 8. 87 W. 49 poles to a
stake In the branch corner of John
Houser; thence with his line down the
branch N 65 W 34 poles to a stone;
thence N 4* W. 34 poles to a Make In
Houser's line; thence N. 80 W. 441 poles to
a stake: thence N 84 West 17 poles to a
maple thence W 38 poles to a stake Pet
Harrll’s corner; thence with hts line N. 38
E 40 poles to a stone' thence N 70 K. 13
poles to a stone, corner of the church tot;
thence 8. Hit W. 38 poles to a stone;
thence N. 78 E. 36 poles to a stone;
thence N 33 WH 39 poles to a stone, cor
ner of Lura Latthnore, thence with her
line N. 43 E. 78 poles to a stone, thence
N. 9Vi K. 43 poles to the place of begin
ning. containing 191H acres.
This sale Is made by reason of iho
failure of J. l>. Hunt and wife, Kate Hunt,
to pay off and discharge the Indebtedness
secured by said deed of trust.
A deposit of 10 percent will be required
from the purchaser at the aale.
This the lltiv day of March. 1930
THE FIRST NATIONAL BANK OF
DURHAM. Truatee, Durham, N. O.
Bynum K. Weathers, Atly. 4t 144
Only One More Week Of
Sterchi’s Spring Furniture Sale
HERE ARE A FEW OF THE SENSATIONAL
VALUES PICKED FROM our STOCK at RANDOM
$125.00 3-PIECE VELOUR LIVING ROOM
SUITE
What ti “whale of" a bargain this suite is! You'll like it the
minutes you 3ee it! Its beautifully covered in choicest pat
terns of Jacquard Velour with exquisite Velourette Combina
tion and has lovely reverse cushions. It’s lust as comfortable
as many suites that are much higher priced. When you come
to this sale be sure to ask the first salesman you meet to show
you this suite When you see it, sit on each piece, "get the
hang” of genuine comfort it gives, examine it if you wish and
wheat you do you'll agree with us that it is a wonderful suite
for such a price.
ONLY—
$83.85
WALNUT DINING ROOM
" SUITE
THIS NEW J135.00 VALUE 9-PT. WALNUT DINING ROOM
SUITE IS THE SOUTH'S LEADING VALUE!
Now you can make your dining room, • the least used and mo u
seen room in your home) compare with the iqpst beautl/ul U’ -
ing room or bedroom! The slight, but charming decorations
as you see in the picture above, give grace and beauty that
have heretofore not been found in suites anywhere near this
price. Has a wonderful walnut finish, and its spacious china
and buffet, extension table and comfortable chairs make i
an even greater bargain.
9-PIECES — SPECIAL—
$98.65
3-PIECE BEDROOM SUITE
\S PICTURED! $75.00 VALUE! SEE THIS STEHCHI
SPECIAL!
Imagine this! Getting a beautiful 3-piece Bedroom Suite like
the one pictured here for such a price as this! Ordinarily
you'd just naturally expect to pay even more than $75.00 for
this suite—but not at Steftchi's. It's n Stercht-made and conies
in beautifully enameled finishes or in v.alnut _and lacquered
Oak finish.
SPECIAL - 3 - PIECES
$54.95
i
KITCHEN
CABINETS
You’ve never seen any greater
values—any bigger bargains in
Kitchen Cabinets than you’ll
find in this sale
STERCHI'S SPECIAL exactly as
pictured at the right! The flour
and meal bins at the bottom will
hold almost a bushel each. Mad<
in several beautiful enamel fin
ishes and In plain oak. Conven
ient, spacious and a wonderful
time and step saver
NOW ONLY—
$38.85
_free_
A HANDSOME 32-PIECE DINNER SE1
WITH EACH ONE OF THESE CABINETS
BOUGHT DURING THE SALE.
RANGES
REDUCED
ALSO!
Right now is the time to get
ait rid of that old poor-cooking,
worn out, smoky range and
get $5.00 for it on a new one?
Here's one of the fastest cook
ing, neatest, nicest ranges that
you could hope to get for any
such price. It’s exactly as plc
i tured at the left with beauti
tiful nickel trimmings and'
enameled door and wanning
closet. Specially priced for this
sale at only—
$39.85
It Costs Less at Sterchi's