Call Phone 11 And Insert A Want Adv In The Star For Re*ult» Thegcllkvewmd ZIW VOL. XLI> N®* ^ SHELBY, N. C. FRIDAY, APRIL 5. 1935 Published Monday, Wednesday and Friday Afternoons. By Mail, par yuf, (la Mnim) _ |Mi Carrier, par yaar. (la advance) _ an Farm Debt Committee Fo rmedFo r Cleveland; To Offer Arbitration fo Act A* Conciliator In Effort To Avert Mortgage Foreclosures Or Forced Sale For Any Reason A brighter day looms for honest farmers in Cleveland countv and the state and nation as a whole who are hounded by debt on their farms and homes and who have hardly enough money either to pay the debts or pay for bankruptcy proceedings, but instead want to keep the lands that have gUStainf’Cl Ulcin 1UI Evidence of this was seen yester day afternoon in the first meeting of the Cleveland County Farm Debt Adjustment committee, in conference with T. L. Guynn, sup ervisor of debt adjustment for forth Carolina. Committee Members Members of the committee, which will serve only as an arbitration board, are B. P. Dixon, of Kings Mountain, chairman; C. R. Span gler, of Double Shoals, vice chair man; S. S. Mauney, of Shelby, sec retary; Tom Cornwell, L. C. Palmer and C. S. Young. At the initial meeting were Coun ty Agent R. W. Shoffner, District Supervisor in Rural Rehabilitation Edgar B. Ward, and county super visor, George Dedmon. The purpose of the farm debt ad justment committee is to act in the position of an advisory, concilia tory. or arbitration board between an owner of farm lands whose lands are being threatened by mortgage foreclosure, or his being forced to sell for any reason. Consiliator To Act Applications may be filed with any of the above members of the committee and debtors and credit ors at some appointed time will be called to terms. If no decision Is reached, the matter will be referred to John P. Mull, conciliator of this county under the Frazier-Lemke Bankruptcy act. signed by President Roosevelt last June. Supervisor Guynn said yesterday that since the new farm bankruptcy law went, into effect last June more than t3.000.000 worth of debts in the state had been settled. These debts, he said, had been scaled down 22 and a-half percent. Regular Meetings Regular meetings of the commit tee will be held the second and fourth Tuesdays of each month In the ERA office. The provisions of this new bank ruptcy act include the granting of extra amounts of time to distressed farmers for payments of their debts and mortgages, and at the same time permitting them to remain In possession of their property dur ing the period of the extension. The extension may be as much as five years and the farmer pays a rising scale of interest of from one fivp percent on a newly apprais ed value of the land. Or. on the other hand, the farm er may let the creditor take over (Continued on page eight.) Name Registrars Books Now Open For City Election; New Voters Required To Qualify At Court House; Judges Appointed For May 7 Balloting. Registrars for the city election to be held May 7 were announced this morning by the city council. They are Zemri Kistler, ward 1; J A. Ellis, ward 2; T. P. Jenks, »ard 3. and Mrs. Annie Smith Long, *ard t, and Marvin Blanton, South Shelby. Res ist ration books will be open tor the next four Saturdays, be nibg April 6, and every day T'Pn rtays before the election.. nese books are at the court house. No New Registration Pa„°.nf'w registration of vote: r