North Carolina Newspapers

The Mkvjelwd ka l the markets "",0” ',. . 11.001 3«-’■.“"i Warmer Weather * North Carolina Weather ' , <,morally fair and some ' ha,' « armer in west and south por 1ns t,might- Saturday cloudy and probabh showers in west and cen tral portions. Stream Of Gold Washington, Mar. 17.—A t!27 mil ,i(tn.dollar stream of. gold flowed bJfU into the Federal Reserve banks f vmorir i during the past week, it „ reported today.- The influx of the - precious metal, much coming (rom hoarders, made up more than h,|f of the 575 minions of gold which 1’ reserve banks lost in six *eeks preceding the bank holiday. editorial not as bad as it SEEMS Naturally the people are a I,it excited and nervous over ,heir bank balances since the government has taken charge of the First National. It would I i,t, bad to lose our bank cash, but it would be worse to lose 'our faith and confidence in leach other and our courage ; and hope for the future. There has been no shortage or misappropriation of funds, no irregularities. Nothing has occurred to undermine our faith and confidence in C. C. Blanton or his associates. They are honorable gentlemen born and reared among us. As hankers, they have exercised the soundest judgment in making loans. Unfortunately, economic conditions which have been world-wide, have made it impossible for many borrowers to pay. That’s not the fault of the bank or the borrowers. Loans are frozen, deposits have been withdrawn and the banks are not liquid enough to warrant the government in issuing permit for it to reopen just now. There are 4,000 banks in our country in the same condition and Uncle Sam doesn’t show partiality. A conservator is in charge and he is not an imported stranger, unfamiliar with our people and conditions, but C. C. Blanton himself. He can and will administer the af fair'; more economically and to the best interests of all de positors. With the help and co-operation of the people gen erally. he can thaw out the frozen loans. Uncle Sam does not want to unduly oppress. There will probably be a re organization. We may be re quired to match government money. That We can do, if ne cessary. Sound banks are vi tal to every community and when its over, we will have sounder banking institutions. No man has done more for (ieveland than C. C. Blanton. He has been liberal with loans, promoted agriculture and in dustry and had a confidence in men to start them on the road to success. Confidence is placed in C. 1 ■ Hlahton by the Federal Government in making him conservator. His actions as t j“'? affairs of the bank wi directed and governed b, highest banking officials o v; nation- Surely, we at horn "d! maintain the same fait ard confidence. ..Unfortunately the Firs National closed for a fet hours yesterday. Today a ne\ ;Wt ot books is open. Old ret Wll> -nand as they are with ant change until the ban authorities examine and char 0Ur course. New deposits ar atcepted, subject to withdraw a' or check at any time. Shoi our loyalty, your faith an availing youi u ot this convenience. Pa lemly await governments „ , * as To past affairs. W ant Relieve it will be as ba '.: ftrst seemed. - any wild, erroneous an unfounded rumors have bee . . t'U ate(d. It is natural to e> <lK‘h in exciting me f,,|T this is no tim ant^f'r10- no time for fals “"d defamatory reports. Lt •'■ not lose our courage an ' nope but believe in on {.'“ "t character and starn c iir'f”'1 assets of ou r'me will unfold ou „'tutus and the course w or i *' Let us not sa ('■> anything that will caus s rf*ernt« 8 PAGES TODAY VOL. XXXIX, No. 33 SHELBY, N. C. FRIDAY, MARCH 17. 1933 (Published Monday, Wednesday and Friday Afternoons) B; Mau. oat rear. Iln UfUM) - u.ol Carrier. m> r«ai. do adraneai txoii First National Bank Opened Today Under Federal Conservator Two Courts Will Convene Here In Two Weeks Ahead Federal Court Will Open Monday U. S. Court Has Number Of Prohi t^es On Dorket. Superior Court Monday Week. Terms of court will be In session Jn Slielby from Monday through the remainder of this month and the first week of April. Monday morning the Spring term of United States district court will convene in Shelby with Federal Judge E. Y. Webb presiding. The docket is not exceptionally heavy, it is understood, but quite a num ber of prohibition law violation charges will be heard. Monday week a two-weeks term of superior court will convene in Shelby for a week's trial of the criminal calendar and a week de voted to the civil calendar. Judge T. B. Finley is expected to preside over the superior court, which faces one of the lightest dockets here in several years. Pastors Exchange Pulpits In M. E. Churches Sunday Dr. McLarty And Rev. >lr..sJenkins Will Preach In Gastonia' On Sunday. A complete exchange of pulpits in the Methodist churches of this dis trict will be made Sunday, accord ing to an announcement by Rev. R. M. Courtney, of Gastonia, presiding elder. This is in conjunction with a south-wide exchange of ministers for that day, when a common theme will be presented to all Southern Methodists congregations, that theme being the denominations missionary interests throughout the world. In this immediate section pulpits will be filled as follows: Rev. J. B. Craven will preach at the Shelby Central Methodist church Sunday morning; Rev. M. T. Hipp will oc cupy the pulpit at LaFayette Street church; Rev. W. L. Scott will preach at El Bethel on the Shelby circuit; Rev. J. N. Randall will preach at Poikville; Rev. A. C. Swofford will preach at Kings Mountain Central church, and Rev. J. T. Huggins at Park Grace, Kings Mountain; and Rev. J. M. Barber at Palm Tree. Dr. E. K. McLarty, of Shelby Cen tral church, will occupy the pulpit j'at Gastonia Main Street; Rev. W. R. Jenkins, of LaFayette church, Shelby, will preach at West End Gastonia; and Rev. R. L. Forbis will preach at Pleasant Grove and Antioch. Shoffner Hears Of Grandfathers Death R. W. Shoffner received a mes sage last night informing him of the sudden death last night of his grandfather, J. M. Shoffner, at his home near Burlington. Mr. and Mrs. Shoffner and his brother, Luke Shoffner. who is visiting here., will leave in the morning to attend the funeral. County Court Has No Session Today The Cleveland county recorder's court enjoyed another holiday to day W'ith no new cases on docket for trial. Several continued cases were still on the docket but for one reason or another were postponed to a later session. Destruction In Tennessee Tornado H<*re are the first pictures of the destruction wrought by tornado that swept Tennessee with large loss of life and heavy property damage. Above, a house ablaze near Nash ville, during the storm, and below j rescuers bringing out the body of a baby from the ruins of a building wrecked in the storm. Photos were brought out of the storm area by use of a fast airplane. Congress Begins Study Roosevelt Farm Relief; Economy Delayed (By UNITED PRESS) Washington, Mar, 1".—The agricultural committees of the Senate and House today began studying President Roosevelt’s sweeping farm relief program with the view of bringing it to floor action as quickly as pos sible. Chairman E. D. Smith, ol the Senate committee, stressed the need of speed ,and Secretary of Agricul ture Wallace explained the details of the bill to the committees. Causes Delay. Congress broke most all speed records in passing the Roosevelt half billion dollar economy measure, but the emergency measure cannot become a law until alter the sena tors have enjoyed a week-end of golf. The delay Is due to the fact that the House and Senate adjourn ed last night before Speaker Rain ey and Vice President Garner sign ed the measure. The law requires them to do this while the respective chambers are in session. Beer To Be Legalized Within 15 Days; Bailey Opposes Beer Bill President To Get Bill Early Next Week—Effective In 15 Days. Washington, March 17.—The sen ate last night assured the nation's thirsty that so far as the federal laws go, beer of at least 3.05 alco holic content will be legal some time early in April. Acting with the dispatch that has come to characterize congress in these Rooseveltian days, the senate adopted the house beer bill after reducing the alcoholic limitation from 3.2 per cent and sent the measure back to the other branch for consideration of amendments. House leaders planned to meet today and decide what should be done. Indications were that the house would oppose the senate’s changes and Insist upon Its 3.2 al coholic percentage. This meant the measure would go to conference for a settlement Of the disagreement and probably would finally be approved and sent to President Roosevelt early next I week. Fifteen days after he signs 1 the bill it would become operative. The senate added an amendment | to legalize 3.0 per cent wine and tc ^cchthtuisd oh paob right. 9, Schools Of N. C. Face A Crisis Now, Opinion Of Smith; Ehringhaus View i - -- -- Another Enters Alderman’s Race In Fourth Ward City politics pushed its way ba#'k into the eventful hap penings of the week today whe a new candidate announced for the Shelby city council. Durant Crowder, local groc eryman. announced today that he would be a candidate for alderman In Ward Four. This is the ward now represented by Z. J. Thompson, a candi date for mayor. George I). Washburn has already an nounced as a candidate from the same ward. Mr. Crowder, the new candidate, lives on Lee street and Is a son of W. S. Crowder. Other aldermen announced are P. M. Washburn and D. H. Cline in the first ward and J. P. Austell in the third ward, j Midwife School Has Twenty-Four Present Twenty-four negro women who| practice midwifery in the county i attended the school here in the court house today. It was conducted under the state and county boards of health to better acquaint mid wives in their practice Lectures were delivered by Drs. Moore. Itw ker and Kendall and those in at tendance manifested a keen interest in learning scientific and sanitary methods of practice Says School Forces I>id Not Advo cate Sales Tax And Are Re luctant About It, <. -. The following statement concern ing the school situation, the likeli hood of a sales tax for North Caro lina and the views of Governor Eh ringhaus on schools and a sales tax was Issued today by Supt. B. L. Smith, of the Shelby schools: 1 feel It my duty to call to the attention of the citizens of Shelby that the public schools of North Carolina are at this moment pass ing through a supreme crisis. With in the next few days legislation will be enacted that will be reflected for good or eveU, for years to come Apparently, the only way under the sun whereby the rights of child hood and the preservation of the best of our civilization may be pre conttnuhlu on esa* eicuri.i “Heaven Bound” To Be Given At Waco Widely Boosted Pageant Sponsored By Church At School Satur day Night. "Heaven Bound," the negro pag eant which has been presented to large audiences all over this section of the state, will be given at the Waco school Saturday night at 7:30 o’clock. The pageant, performed by negro school teachers of Shelby and the county, is sponsored at tjbis presentation by the Beulah Meth odist church. Several new features have heen added since last present ed in the county. Deposits Flow In First National Under New Order Operating Under Federal System Old Account* At A Standstill. But New Accounts Arc Bring Open ed. Confidence Shown. (By UNITED WW8S) Balelgh. Mar. 17.—Banking oper ations In North Carolina were ap proaching normalcy today as Com missioner of Banks Gurney Hood early this morning authorized the reopening of 31 additional banks, bringing the total In number re opened to 191 In 140 cities. The First National Bank was opened this morning, operating un der restrictions and a conservator, President C. C. Blanton, agent for the G .8. Treasury Department. Scores of people called, some to get their fears allayed and others to express confidence In the ulti mate outcome. Gibbs Lyons, deputy comptroller at Washington wired Mr. Blanton, the conservator, au thorising him to accept non-interest bearing deposits without restrictions or limitation as to payment or with drawal. Such deposits must be sep arated and cannot be used to liqui date any indebtedness of the bauk and must be kept by Mr. Blanton in cash or deposited in special account with Federal Reserve Bank subject to withdrawal by him as conserva tor. No checks or other items drawn by or on the Flist National against old balances can be accepted as new deposits . Deposits made on new account can be used for checking or with drawal. Many people are holding checks given on banks prior to or during the bank holiday. These checks are on old bank balances and are not cashable for the present. They should be held as evldenoe of debt. Holders should go \p the giver of such checks and get cash or check bearing this or a later date on new deposit account, If such deposit is made in a bank operating under a conservator. At noon today some (20,000 had been put in the First National on new accounts. Many checks and drafts on out-of-town open banks had been left for collection. Should you have a check on an out-of-town open bank it can be deposited for collection and when It is cleared you can get the cash or credit. Boiling Springs Has Good Credit For College Work Junior College In County Gets 64 Hours Credit On Wake Forest Degrees. Students of Boiling Springs junior college are entitled to good credit rating when they enter larger col leges, according to an announce ment by Rev. J. L. Jenkins, coliege president. A letter from Dr. D. B, Bryan, dean of Wake Forest college, ad dressed to President Jenkins, says in part: "Your letter of inquiry con cerning credits allowed at Wake Forest college from Boiling Springs was handed to me for attention. "The state department allows on certificate a maximum of 60 hours from any junior college that they recognize as standard according to their measures. Wake Forest col lege allows your students a maxi mum of 64 hours on a degree.” The state department, Incident ally, recognizes Boiling Springs as a fully accredited junior college. Solvent Assets Will Be Made Liquid Now Union Bank Still Unclassified By State Department Classification Expected Momentar ily From Raleigh. Four CIm«m Defined. At 1 o’clock today no word had come from the State Commission er of Banks, who With auditors, pass upon and classify state banks In North Carolina. Thus far the Union Trust and Its brahches are operating Just as they have been since the bank holiday. Business which has to do with ac counts prior to the closing are at i standstill. New deposits are aceepl ed to be held in trust and clerk: are on hand to make change. Ol flcials are awaiting word from Rh leigli as to whether the bank wll open full or placed In the hands o. a conservator as was the First Ns tlonal. All banks, both state and national are being classified by authorities Into one of the four classes: Class A banks are adjudged to be liquid and solvent, having at least, fifty per cent of their assets In cash to meet all demands of depositors. When a bank has 50 per cent of its assets In cash, the government would go the other half to pay all depositors, should they call. Class B banks are solvent but not liquid and by liquid is meant that they do not have half of their as sets in cash or quick available as sets. Class C banks are not liquid and there la some question as to their soundness. Class D banks are Insolvent and are placed In receivership to be li quidated. All banks placed in classes B or C are placed In the hands of con* servators. Deposits Mount WhenKingsMtn. Bank Opens Up First National At Kings Mtn. Has SI* Times More Deposits Than Withdrawals. Kings Mountain, Mar. id.—With the opening on yesterday of the lo cal bank, the First National Bank of Kings Mountain, the people of our town Joined the rest of the na tion In expressions of confidence in the soundness of Its government, and of its banking institutions. Mr. B. S. Neill, cashier of the bank, re ported that deposits were six times withdrawals yesterday. The bank officials were loud in their acclaims of praise for the "fine spirit” which has been shown here during the time of the bank holiday. Legal Beer By 4th April Planned Now; (By UNITED PRESS) Washington, Mar. 17.—Con gressional leaders today agreed on the beer and wine program which is calculated to put the Volstead modification amend ment in the White House Mon day and place legal bottles of beer in the hands of consumers by April 4. Quick Passage Farm Relief Urged By Roosevelt; Has Cotton Measure President Calls Proposal "New And Cntrod Path” To Meet Ser ious Problems. Washington, March 17.—President Roosevelt yesterday asked congress for quick enactment of a sweeping program of farm relief through Which he hopes to rescue agricul ture from Its two greatest enemies —low prices and overproduction. He frankly labeled the plan “a new and untrod path,” but asserted that the current economic problems of farmers are ' unprecedented" and justify the trial of new methods. If! the effort falls, the president said, he will be the first to. admit It. Immediately after receiving his special message congressional ma chinery was set spinning to assure early consideration, with Chairman Jones of the house agriculture com mittee predicting action by the house Saturday. Senate action was regarded as likely early next week. Based on the recommendations of farm organisation leaders, the measure would delegate extraordi nary powers to Secretary Wallace to lease lands to remove them from irrorrorum ow nor ctoht ■ C. C. Blanton Named Conservator Conservator Operation OItm Time To liquidate For Normal Baslnm. A “eonservatot" has been placed In charge of the affairs of the First National bank which opened today temporarily for restricted business. Tills means that the affairs of the bank are temporarily In the hands of the government with C. C. Blanton acting as conservator. He will conserve the assets of the bank for the beneftt of all deposit ors and be guided entirely by rules and regulations set forth by the banking authorities until such time as the bank gets Itself In liquid con dition and be turned back to the Iftcials to function normally. Some Excitement. Home excitement was caused ye» erday and many wild, unfounded rumors were afloat when the Firs*. National posted a notice from the Comptroller of the Currency, plac ing the bank In the bunds of u con servator and orderly that It be closed and all business suspended until further notice. Some 100 or more people gathered In front ol the bank to read the telegram clos ing the bank and appointing a con servator, Mr. Blanton, the president. A conservator Is something new In banking, this position having been created when the emergency bank ing measure was enacted at the re quest of President lloosevelt who declared a banking holiday on Mar. 4th when he was Inaugurated. Placing the bank In the custody of officially appointed conservator means that It is solvent but not liquid enough In Its assets to per mit opening, full, while the deposit ors are excited and uneasy about the safety of banks. Bnnking au thorities In Washington placed all banks not having at least fifty per cent of their assets Ift cash or se curities Immediately convertible In to cash In the second classification. —Glass B fsolvent but not liquid.) Without fifty per cent of Its assets liquid, the banking authorities felt, that no bank would be safely open ed while a state of uneasiness and (CONTINUED ON PAGE BZCJIT1 • Try Answering These Can you answer 14 of these test questions? Turn to page two for the answers. I. Can American Indians vote? 3. How long is a decade? 3 .What Is the popular name for Roentgen rays? 4. Under what pen name did Syd ney Porter write? 5. What secretary of war In the Orant cabinet was Impeached for taking bribes? 6. What name did the Dutch give their settlement in New York? 7. Who was Aphrodite? 8. Name the capital of New Hanip shire? 9. What does ad valorem mean? 10. What federal department ex ercise supervision over navigable rivers? II. What sort of measure is a “morgen"? 12. Why is black clothing warmer than light colored? 13. Of what country Is Prague the capital? 14. What language Is the expres sion “faux-pas?" 15. Do retired presidents of the U. S. receive pensions? 16. Does a U. S. patent protect an invention in a foreign country, 17. Which vice-president of the U. S. was tried for treason? 18. Of what state is Frankfort the capital? 19. What Is the name of the met eorological Instrument that meas ures wind velocities? 20. How many members has the U. S. Supreme court? Lackey Child Has Severe Meningitis Edwin Lackey, eight*year-old son Df tire late Dr. and Mrs. F. H. Lackey, of Fallston. Is seriously 111 with meningitis at the home of his grandfather. R. A. Lackey, at Fall »ton. The meningitis is not the con tagious form, It Is said, but develop-, •d following Influenza and ear trou - >le. He has been very ill for a week ind was showing no Improvement ,oday, It was learned