Newspapers / Shelby Daily Star (Shelby, … / July 5, 1935, edition 1 / Page 2
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United State* Agriculture System A mioidarri farm, | ipl n* i&n mmm* r arm competitor. I - I ■ Bv QU^JI^ International Ttlustruted Wews Writer PdRinnc. Jnd.—Plans for a far reaching rural electrification pro ject to be Included In the $4,000 ■ 000,000 public works program call! attention to the fundamental chang es taking place in the Americai agricultural system. Even the transitional pertoc through which the Industrial worke: and city dweller has passed in recen yesrs does not match the revolu tlonary change which the farmei has experienced. ~ Several, factors contribute to th< upheavel in American rural life One apparent paradox lies betweet the trend toward "bigger and bet ter" farms and the policy of th< AAA in fostering subsistence home stead levels despite the surplus o farm commodities. At the bottom of the change it the agricultural system is the in creasing mechanisation of fam week. faming Near Specialised Improved implements and mat hods of fanning have tended t( freest out the small farmer and sti midst* the process of apeclalizstloi hi agriculture. Where the farmei aqaa muc* world to himself, almos aa&HlMBient because of the diver stty of products he raised, toda? ha concentrate* on one or two crops and purchases his other require ments. Automobiles have made the citj and fto urban me easily accessible Ttaotors, milking machines, motor l*ed equipment and up-to-date im plements have brought to an end that pioneer era whe nthe farmer handworked his field* and operated hi* farm by methods which had been in use for years. Science has come to the aid of the farmer in recent years. Agrl i culture colleges in every state year ly turn out thousands of young ment trained in all phases of sclen ■ title farming. Despite the changes which have lightened the work of the farmer, ' his lot is still far from ideal. The surplus of production in many lines i had made it necessary for the AAA , to devote its efforts almost entirely i to limiting the quantity of produce raised. > Urban Dwellers Try Farming There has also been an exodus ' of city dwellers and industrial work ers to small tracts of land In metra i polltan areas where it Is passible for the family to supplement Its eam i lngs by having a garden and a few chickens. 8ons of the soil have also found it profitable, when the opportunity i offers itself, to move Into town In the winter where they can work i part time and add to the cash re ' serve built up by sales from a road ■ side market or by lodging tourists. In Europe, the agricultural sys tem shows as marked a change as does the rural life of United States The old "peasant" type of farmer has given way to the small land owner who farms his acres more In tensively than is necessary in this country. Faibton Women In Special Meet; TJ&LSfdfl, July 4.—There will be a call meeting of the Women’s! Club Thursday afternoon at 4:30 ta the dub room. All members are urged to be present as import ant business matters are to be dis cussed. D. S. Hamrick, who has just re-! oovered fro<n tyo operations in the Lincoln hoepltaT, and Lloyd Ham rjclt who has just had his vacation, returned to work with the Stanley 00. this week. Ten members of the Faibton Lodge attended the Masonic meet ing at Lawndale Sunday. Mir. and Mrs. Tom Lassiter, Mrs. 1. W. Keen and J. S. Johnston of | Four Oaks are spending a few days | •vl'h Mr. and Mrs. C. D. 3troup. With their., guests, Mr. and Mrs. Stoup and daughters. Elolse and Mrs. Rob’t. Wills of Southport at- j tended a birthday dinner for Mrs J. B. Stropp, a former teacher here, at the home of Mrs. Lawr&nce Hoyle ia,Shelby, Sunday, Mr. and Mi's. Haywood Hill from OJauta, g. c. wera the guests of MV, and Mrs. Claude C. Falls a row days last week and Rev. and Mm. Ollreth Adams and family of Bttaemtr City spent Friday with Lawmhee’s parent’s home in Mar vU where they have been for some Miss Dorothy Magness is spend ing several days with Mrs. Grady Royster and Mrs. J. T. Dodd of Rutherford ton was her guest Sun «etty Jean Elmore of near Lawn Strt. B. R. Lawrance re »e lest week from Mrs |dale spirit last week with her cousin. Charles Stamey. Edward Cline is in the Mercy Hospital 1n Charlotte for treatment Mrs. Edward cline. Mrs. Claude C. Palls, and Mrs. W. P. Hamrick visit ed him Saturday Hts visitors Sun day were Mrs. H. S. Cline, Floyd Cline, W. P. Hamrick, Dorthy Cline, Alvin Hamrick and his wife. Misses Edna Dixon and Adelia Kendrick left Monday to spend some time in the mountains near Celo. Mrs. 8ally Phillips, who has been spending some time with her sister, Mrs. Hall Tillman returned here Sunday after spending a week In Gastonia, as a guest of Miss Agnes Welch. Mr. and Mrs M. L. Murry, Mrs. Mrs. John Lavery and small sons, of St. Paul cislted Sunday afternoon whit. Mr and Mrs. M. L. Smith. Mr. and Mrs. Claude Falls and son Henry spent Sunday in Hickory with Mr. and Mrs. Carr Yount Lillian Falls who has been visiting Nelle Yount, returned home with them. Mr. and Mrs. Rled Royster and Mr. and Mrs. Grier Royster visit ed on Sunday with Mr. and Mrs. Dewey Whlsnant of Shelby. Mr. and Mrs. R. C. Moore and family of Rutherfordton spent Sun day with Mr. and Mrs. C. L. Hoyle. Mrs. A. L. Hoyle Is visiting her sister, Mrs. J. M. Ledford of Toluca. STATE APPROPRIATIONS FOR TEACHERS BIG SUM RALEIGH, July 4—State appro priations for the pay of teacher* and principals during 1934-38 total ed $13.648173. according to an an nouncement by Leroy Martin, secre tary of the state school commission Martin said the sum was an in crease of $381 799 over the preced ing year Sharing in it were 16.68 white teachers and principals am j 6,638 negroes. Boiling Springs YWA Membership Visits Mountains ^Special to The Star'' BOILING SPRINGS July 4.— Mrs. Roland Hamrick entertained he Tongues and Needles club at :-.rr home Friday afternoon. During the social hour a “Jumbled songs” 'ontesfc was enjoyed. Mrs. John Mints was given a prise as the win ter Guests outside of the person •?1 of the club were Mrs. Sue Harn ett, Misses Is telle Walker, Mabel ind Mildred Goode and Mrs. Odus Lee of Shelby. A salad course was served. The Y. W. A. held its regular monthly meeting at the home of Mias Rllla Greene. - Twenty-three members were present. Three new members Joined this growing or ganisation which is under the lead ership of Mre. W. J. Hunt. A program was given on the theme “Keep the Banner Waving.” Plane were made for the members to go to Ridgecrest on Saturday and to Waco on Sunday. A social hour was spent in playing gamas. Refresh ment*, consisting of cakes, sand wiches and tea, were served. Misses Rills and Eunie Mae Greene and Re be Whlsnant spent the week-end at Mt. Pleasant with Miss Bert Bridges. Mr. and Mrs. Johnny MOas of Gaffney, s. C.. were week-end guests of Mrs. Sue Hamrick. Stanly Greene has just returned from a two weeks trip to New York City and other northern points. The following composed a party which spent Saturday in Ridgecrest attending a ¥. w. A. conference: Misses Laura Dixon Greene, Annie Catherine Greene, Sara, Mary and Katherine Hamrick. Velma Goode, Sally. Rilla and Eunie Mae Greene, Mrs. W. j. Huat, Mrs. Forest Kelly, Mrs. Harold Honeycutt and Miss Rachel Huggins. i Mrs Edward B. Coe, of Norfolk, Va.. and Robot G. Walker of Ra leigh spent Monday night with Rev. J. M. Goode and family. Mrs. Odus Lee of Shelby spent Friday with Mrs. Roland Hamrick. Forest Kelly of Goldsboro is spend ing several days here at the home of Mr. and Mrs. Buchanan with Mrs. Kelly and children who are spending a month here. Mr. and Mrs. J. H. Jones left Saturday to go to Wagram for a visit of a few weeks. Mrs. Henry Cash and little daugh ter. Martha Elisabeth of Pulaski. Vs., arrived here Saturday for sev eral weeks visit with Mr. and Mm. L. H. Riggerstaff. Mr. and Mrs. Jesse Jenklna and family of Hendsreonvllle spent the week-end with Mrs Jenkins’ parents, Mr. and Mrs. R. L. D. Oreene. Miss Georgia Hamrick and Mrs. Missouri Trout visited relative# in Gaffney. 8. C. reoently. They were accompanied to Fountain Inn, S. h. by Misses Katherine and Mary Louise McSwaln of Gaffney for a visit with Mr. and Mrs. Andrei Bar ry. Dr. and Mrs. Allen Cash who vis ited here recently are attending a dental clinic in Boston, Maas. Mrs. Cash was Miss Aileen Blggeretaff before marriage. Rev. J. l. Jenkins. Joe Jones and Misses Cora Lee Burnette and Nan cy Moore went to Wagram Friday te visit Mrs. J. L. Jenkins and family who are spending a month there. Mr. and Mrs. Marvin Bridges of Hickory spent the week-end here with Mrs. J. L. Pruett., last week. ' Master Donald Walker of Reho* bet.h is visiting relatives here this week C. I. Putnam went on a fishing trip to Green River in Polk county Cline Borders and Mike Border* •Tr of Shelby spent laat weak with Mr. and Mrs. Charlie J. Hamrick. Gn Saturday afternoon Mr. and Mrs. Charles J. Hamrick entertain ed the following at a fiah fry on Broad River: Mr. and Mrs. Broadus Hamrick, Mr. and Mrs. Byron Wilson and family Mr. and Mrs. Hal Greene and Maid* Oreene and Mike Borders Jr. of Shelby. Mr. and Mrs. Berry MoOfsw of Troy visited Mr. and Mrs. v. H. Hamrick Sunday. Mi«* Tumblin W«d» Mr. John A. Lewis A marriage of interest to a wide circle of friends was that of Mias Katherine Tumblin of Kings Moun tain to John A. Lewis also of King's Mountain, which was solemnised at York 8. C., Saturday night June 29. Mrs. Lewis, the only daughter of the former Mr. and Mrs. Clarence Tumblin. is a young woman of charm and pleasing perSOnAhty. Mr. Lewis it the yOungeat eon of the l»te E. J Lewis. Those attending the marriage were; Mrs. E. J, Lewie, mother of the groom. Muses Vlrgte Mae Moate, Mary Lewis and John Rey nolds The bride and groom will make their home with the gtOOm’t moth er. , Misleading reports from Callfor .nia led Charles E. Hughes to be I, lieve that he had been elected pres ident in 1918. If Mrs. Burrus Hadn’t Died MooresboroMight haveBeen Lively Manufacturing City By WAKE BRIDGES MOORESBORO. JULY 4.—If tt had not batn for the death of one woman back In 1M6 Moore*bore might not be the Isay, sleepytag little wide place In the road that it la today, inatead the panorama that la now oovered with spiraling corn and baked cotton fields each aeaaon might be dotted with myr iads of dainty bungalows and hand some business establishments. Rut the wife of H. C. Bums, pro prietor at Bumls Mooraaboro To beoeo factory, died and the manu facturer could not care for hla small children and carry on the manufacture of tobacco, so the hamlet’s bid to become a smokng and buttling tobacco manufacturing city died In ltt Infancy. Meanfaetsrer is II Yesterday afternoon, th« former manufacturer who Is now 79, said that he made from three to five thousand pounds of chewing and smoking tobacco a day when he had good Mg tobacco. “Mr. Burnt, will what smoking tobacco of today would you com pare yours," TT1WI gV.V.WV. I OBUiijr X CJJSitTVi 1 • Bumis. “Your chewing tobacco?" "Natural Leaf, i didn’t use so much llcortee in mine. Too, my plug was 11 inches, while that of today, mostly, la only six inches.” Stood For Years. Th« old tobacco factory, which was of hewn log!,' and three stories In height, stood for years in front of the Sandy Run church and just behind Mr. Burma’ home. Once the meat woe belled off the body of a negro, who had been hanged: in the top story, a fact that remained to frighten the younger generation away from Its walla ae long as it itood, and to be the town’s ghoet building, a building of many weird tales and legend*, which still lurk within the minds of the older fonts of Mooreeboro. Mr. Burrae says that he cut the logs in Mooreeboro and hewed out every log hloruelf. Names of Tobacco. When asked the nemes of hi! chewing tobacco, Mr. Burrus said. Mountain Dew, Charming Mary Ann and Mountain sam. i called my smoking tobacco Mooreeboro amount Tobacco. Mr. Burma sold hie tobaoco in Xineoln, BUrke and other counties tattimore, Boding Springs, Shelby South Carolina and Oeorgia. He peddled it frtjm a wagon, on the side* of which he had painted: H C. Burrus, peddler of tobacco, sixth district of North Carolina. His tobacco sold at from ten t< S* cents a pound, the smoking to, baoco at ten cents a bag. The bag! held four ounces Hew Flavored. Peach «ll, sassafras oil and brandy ware used to flavor it. Somi two year old brandy was used! He declared without a moment’! hesitation yesterday that he had rather make tobacco if he wtre a young man and wanted to ma.k< money fast than anything he hat ever done. “if you know hoc-, there’s read-, money in It,” he aays, '1 aiwc StuMed my money.” He bought some of hu tobacco ir Surry county, his home county Some in Asheville and some in Can vine. He used from 13 to JO thou sand pounds a year and employer four men to work the presses and eight girls to stem the weed. Pony txprese Rider. Like John Morris. Mooresboro i only Civil war veteran. Mr. Burma is a fame pony express rider carry tng the mall when 3ft years old from North wukesboro to Jefferson and back, a distance of ft6 mile* But he earned it only a month When winter aproached he wai Afraid the snow would slip off the peaks of the Blue Ridge mountain! and into Reddy Cap and then on to him and we pony, so he Sublet making a profit of toe contract. W16. Speculation. One can not help but wondoi »net would fttv* been the Subse fluent results bad Moomboro’s to beooo factories flourished on through the years By strechtn* one’s imagination a beautiful city with the smoke of tobacco factories, the aroma of the weed, street cars honking automobiles. lawyers bankers, pretty girls by the dosem innumerable eleek-baired youths theaters andnoforth can be visual ised to tak« the place of the town that awakes only when the trains come in, or when some farmer hur rls Into town for hi* supplies of week-e*days. waking th« proprietors from their sleets*, ah ip all, it is a torpid, sleepy Milage, which might be east into a story wflth as much interest as d Henry's South Amer i«an towns. But if Mrs Burrus bad not died beok in 1M0-* fftOCT RELEASED IN ftttUBrbmtt creeks RCREST CITY, July 4—Count; Oams Warden J. E. Matheny an nounce that 15,000 rainbow trout were released last week In Cedet and Orove creeks. In upper Ruther ford County. Unworried by Duel Statins *h« does not think her hue band and Jean Borotra, French tenrii star, will right due] M re ported, Mme. Dorothy Poulain American-born wife of Didier Pou lain, Parisian sports writer, arrive! in New York to visit parents. Pleasant Hill Collegians Visit At Kershw, S. C. t Special to The Star.) PLEASANT HILL. July 4—This community was glad to see the re freshing rain which came this week. Oeorge Roberta oi Charlotte spent the week end with his parents Mr. and Mrs. E- Q Roberts Miss Helen Roberts. Mr. and Mrs. Herman Roberts of Shelby. Oeorge Roberts and Miss Lois Adams a college friend of Miss Helen Rob erts all visited in Kershaw. S. C„ Sunday. Miss Roberts and Miss Adams will spend the week with other college friends there. Roland Gantt visited friends 'n Asheville over the week end. Mrs. Tom H. Towery entertained her Junior Sunday school class Sat urday afternoon with a party. There were 13 present. Games and contests were enjoyed for several hours and at the close of the party teacake* and lemonade were serv ed. The hostess was assisted in en tertaining and serving by Mrs. Wells Lowery. Mr. and Mr*. Well* Lowery an« Fannie Mae Lowery visited Mr. and Mr*. J. M. ’Whisnant at Kings Moun tain Sunday. Mr. and Mrs. M. C. Gantt and babies of Shelby visited Mr. and Mr* R. B. Francis over the waak end. Mr. and Mrs. J. M. Whisnant and baby of Kings Mountain, visited Mr and Mr*. Tom H. Lowery Thurs day. The senior B.Y.P.u. elected their officers Sunday night for the next *u*y »rc as joiiowr: FT§& lelentf. Mrs. Quinn Roberts; vice president, !Uy Barrett; Bible read ers leader, Wells Lowery; secretary Beatrce Lowery; group captatns Hill Lowery and Mrs. Wells Lowery. The intermediate officers for the next quarter are; President, Mary Helen McMurry; vice president, Hel en Hicks; Bible reader leader, Mary Lowery; secretary, Lucile Hendrick; group captains Edwin Kendrick and Eugene Beam; corresponding Secretary. Mike LOwery. Mrs. wells Lowery is visiting her brother Mr. fjpurgeon Putnam this week. 51 Cates Docketed For Cherokee Court OaPPney July 4.—Pifty-one new case* are listed for the summer tsrm of court of General sessions to convene here next Monday. Chief Justice John O stabler, of the Supreme Court, his issued an order directing Judge m. M. Mann, of St. Matthews, to preside instead Of Judge T. S. seise, of Spartan burg. who is spending the summer at Pawleys island for the benefit Of his health. One of the cases Charges 8am Bcates. 20. with shooting Lester Driskin to death a few weeks ago. Scates has b-cn in the county ian since the killing. What Speed Gives Best Gas Mileage? SEE PAGE NO. 3 Grover Resident] Leaves Hospital; Is Much Improved Mr*. Preston Goforth Recovering; I Postmaster la Charlotte For District Meeting (Special to The Star) GROVER, July 4.—Mrs. Preston Goforth is improving nicely since ; coming home from the Shelby hoa 1 pltaJ. Wilbur Goforth spent the week end in Avondale with friends. Mr. and Mrs. Graham Byers and ! daughter Sandra Paye of Avondale 'are spending a few days with the ! formers parent's Mr. and Mrs. Ed : Byers. j Mr. and Mrs. Tester Welch and j Mrs. John Morrison and children of 'Kings Mountain were guests Sun day of Mr, and Mrs. John Goforth Mr. and Mrs. Bill Robinson and Miss Earselle Roark spent Saturday in Savannah, Ga. * Price Roak of Union, S. C. is spending this week with his par ents Mr. and Mrs. H. D. Roark. John H. Pruette Jr. of Charlotte ! returned to his home Sunday af ter spending a week with Mr. and I * * UCUW. I Mrs. H. L. Beam and children 'Mrs. Mary Westmoreland and Doro thy Hiclcs spent Sunday afternoon with Mr. and Mrs. Bralnard West moreland of Blacksburg. Mr. and Mrs. D. M. Black and children Alice and Pauline and Ruby Montgomery spent Sunday afternoon with C. D. Rtggy of Blackburg. Mrs. Addie MOss, Miss Geneva Hope and Mrs. Bill Robinson art sick. Mrs. Walter Greene and children spent last week with her slater Mrs. Bessie, Humphries of Gaffney. John Bennette, Horace Westmore land and Henry Cooke of Charlotte were dinner guests of Mrs. Manny Westmoreland Sunday. Mrs. Alfred Collins is spending a few days with her parents Mr. and Mrs. Hoyle Turner Of Earl. Miss Sarah Harry left Sunday for a week’s visit with Miss Sara Muliinax. Greenville, 8. C. A. F. Collins left Tuesday after noon to attend the Rural Letter Carriers Association in Charlotte. John Robert and Miss Nannie Mae Love King Creek, 8. C. were visitors in the home of Mr. and Mrs. B. F. Bird Monday. Miss Elizabeth Bird returned home with them for a few days’ visit. W. J. Moss and son are moving their stock of goods from the Ellis building, adjoining J. L. Herndon’s building adjoining the post office Rev. Rush Padget has been con fined to his home for the past week with flu. He is improving at prea ent. Mr. and Mra. R. C. Tate and chil dren visited Mr. and Mrs. B- O. Ran dall of lari Sunday. Genevieve Tate remained to be their gueat for a week. Mr. and Mrs. Horace Sunngard ner,s parents, Mr. and Mra. A. C. Baungardner. Mrs. Ruah Padgett, Y. W. A. Counsllor, with a number of young people, attended the Young People's annual aseoclationai meeting, held at Waco, Sunday afternoon. Mem ner’s parents, Mr. and Mrs. A. C. presented a pageant. Fidelia Padgett. Aleveda Reims and Ed na Shufford were in a tithing con test. » Dr. Hamrick Goes To Hospital Internship Dr. John Ctrl Hamrick who was graduated in medicine from the University of Maryland at Baltimore in June, ha* returned to Baltimore after spending a month with hU parents, Mr. and Mm. Carl Ham rick at Boning Springs. He has Been appointed resident physician in the university of Maryland hospital where he will be stationed for the next two years. T. W. HAMRICK COMPANY Jewelers and Optometrists SHELBY, N. C. FOR YEARS THE RECOGNIZED LEADER IN QUALITY & PRICE BUY INTELLIGENTLY. SEE WHAT WE HAVE TO OFFER SEFORE PLACING AN ORDER. %mo STOCK TO SELECT FROM. — STANDARD MEMORIALS — CHARLOTTE, N. C. PHONE JOSA1 — South Try on St. Eileaslon — p. O. BOX iM Teacher From China To Preach Here Dr. J. B Hlpps, a schoolmate of the Pastor of .the First Baptist Chureh. and for twenty yetrs a teacher in Shanghai Baptist Col lege. Shanghai, China, will visit Dr wall this week-end, and will be the guest speaker of the First Baptist Church Sunday morning. He la a young man of unusual consecration and ability, and has been in greal demand as a speaker since his re i turn to America. BUBAL SCHOOLS TO BUN • MONTHS IN CHEBOKEI GAFFNEY, July 4 —Rural school! jin Cherokee County will operate I eight months this year as compare* with only seven months during last terms. Superintendent of Educa tion John C. Fowler has announced The decision to lengthen the term by one month was reached at a general meeting of trusteed from all of the districts in the county, he said. Gaffney Youth Got* An Appointment OAJTNEY, July i-JHneu Orubb, son of City Policeman am Mrs. B. L. Orubb. ha* been Mmn u t student st tits United States Navel Aoadsmy at Annapctu, according to a message received by his parents. Me went to Annapeiu Saturday to stand a physical ex. animation. He rredueted at the Gaffney Kith School two years a»i and had finished the aophomor* year at Limestone College here PROSPECTIVE CANDIDATES FOR BAB MUST mi SOON RALEIGH. July 4.—Prospect it candidates in the state bar exam, ination in August must file their ap plications not later than July 15. Henry M. London, secretary of the State Bar, Inc., who announced the deadline, said that 35 application* had already been filed, and that probably 100 or more canidate* would likely take the beet August 10-30. REPORT OF AITIUATE OF A NATIONAL BANK | Hide la Compliance With the Retirement* of the Banking Aet *t 193* Report as of June &, 1035, of Shelby leu A Mortgage Corporation | Shelby, N. C„ which, under the terms of the Banking Aet of Hit, la off ill eted with The First National Bank of Shelby, N. C., Charter No. 677t - Federal reserve district number 5. ! Function or type of business. corporation holds mortgages, real estate and stocks which they are endeavoring to liquidate as rapidly as poetiUe eenetstent with teed judgment. Manner in which above-named organisation it affiliated with national bank and degree of control: Officers and stockholders are officers in First National Bans Shelby, N. C. Financial relations with bank: stock of affiliated bank owned—i,566 share* preferred etc*, stock of other banks owned—None. Amount on deposit in affiliate bank, 9416.73. Loans to affiliated bank—None. Borrowings from affiliated bank— $30,060.66 secured by D-T on farm land purchased Bum Fine Na tional Bank of Shelby, N. C. Other niformation necessary to disclose fully relatione with hank: Shelby Loan and Mortgage Corporation waa organised after March eth, 1933 with the object of purchasing Preferred Stack in First National Bank of Shelby, N. C., and purchasing from them without recourse a note secured by D-T on the real estate ewnan by the bank and certain stocks owned by the eank. all OOnUdereo undesirable assets for the bank. I, Forrest Eskridge, Treasurer of Shelby Lean and Mortgage Cor poration, do solemnly swear that the above statement tr true, to the beat of my knowledge and belief FORREST ESKRIDGE Treasurer. Sworn to and subscribed before me this 3rd day of July, 1935. B. B. WILSON, Notary FuWie. Charter No. 611$ Reserve DlstrUt No. $ Report of Condition of The First National Bank of Sholby in the tuto of North Ceroliiu ot the eiooo of beaineee ea J»o $». 1*36 Asoot* Loans and discount*_r ......, .. .....» 1 £01.19x3'. United State* Government obligation*. direct end.or fully , IMorontOOd.. .. 694,912.60 Other bonds. stocks, and securities .. 196.919.8:-' Banking House, None, Furniture and fixtures ... 2,166.01 Heal estate owned other than bonking hhuse ....... ..... .. 72.0I0.*: Reserve with Federal Reserve bank.. ... 93.*4fe ea cash in vault and balance* with other banks ... .. Jtg.7o;.23 Outside checks and other cash items... Redemption fund *ith u. S. treasurer and du o from 0. a " ’ treasurer .. . ..... ..... ....... SS.SOo ><o Other assets ... ... ....... .... TOTAL ASSETS ..... ..... ... ......»I,MI,449.:m Liabilities Demend deposits, except United State* fOvemment deposit*. public funds,, and deposits of other banks ....... ...... HI,Ho.iu Tim* depo. its, except postal savings, public fund* end d*> posits of other banks.. ..... ........... 4lJ.v4ii.us Sublie funds of states, counties, school district*, or other subdivisions or municipalities.. ........ H7,*lc.M Deposits of other banks, inciudiht certified and cashiers’ checks outstanding ..... ..... . *.. 91465.12 Total Of item* 16 to it: (a> Secured by pledge of loans And | or W ve tments ....._» i«T,410.06 (b> Not secured by pledge of loons and i or vestments........,..u4i?,0 lit (ei TOTAL DEPOSITS ......$1,544,944.02 Circulating notes outstanding.. ......... ..... ... interest, taxes, end ether expense* teemed end unpaid— Capital account: ciaa* A preferred stock. 2600 sham, par $169. perahare, retirahle at $100 per share ..... . Class E preferred stock, Non*.. .... Common ttk. 2»oo shares, par lioo per sham Surplus ... .......... .............. undivided profite-net........ Reserves for ontingenetea —. ..... .. Preferred stock retirement fund... $600,000.00 ...260,006 00 ....10,602 51 .,..10,900.00 ;.Yio.00 260,00c. JO 9,002*.' TOTAL CAPITAL ACCOUNT 741,913 >! TOTAL LIABILITIES .*J,6iJ.«W #5 --MEMORANDUM: Loin* lul Investment* plsdfed l« aeenre Uebllties United Bute* government obligation*, direct andjor fully guaranteed..;... Ultfi.m Other bonds, stocks, and securities... ldi.gjo.83 TOTAL PLEDGED (eciuding rediscounts) .. 4M.aei.io fledged: (a) Against circulating nous outstanding ............._ 3M.006.oo (o Against public fund* nr states, counties, eenool diatriete. nr other subdivision* nr municipeuue*... mjMtj (1) TOTAL PLEDGED.aM.iiii: state nr North Carolina. County of Cleveland, •*: i. Borrest Eskridge. Cashier of the above-named bang, 46 fgi+yyi*^ eaear that the above statement te true to the best of my gnmc)edge ana eelief. POBAEBT EBKMDOE, Cgehier. CorroewAttest; OtOBOE BLANTON. LEE B WEaTHEBB J. F. ROBERTS. Directors. Sworn to and subscribed before me this 3rd day of July. ItM. & B. WILSON. Notary Public
Shelby Daily Star (Shelby, N.C.)
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July 5, 1935, edition 1
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