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FRIDAYJUNE 17, 1921. PAGE SIX THE INDEPENDENT, ELIZABETH CITY, N. C 1 ' a? ' : ;i "t 5-. & am It?:;! - --J '' 3- ;. ; ' - 1. 1 ' ; ..vi i ' .a ; ' ; 1 r I f ' t J ' t' '," J! i':- ill ; ,1 : 1 u . 1 :? if fir If T Il 1 H 14 ; Subjects taught at the ELIZABETH CITY BUSINESS COLLEGE BOOK KEEPING SHORT HAND TYPEWRITING ENGLISH COMMERCIAL LAW MULTI GRAPHING We fit you for a first class posl-1921. WHY THE FAKERS GET THE MONEY Building & Loan Association Have Neglected Their. . Greatest Asset Publicity. FREE HEAT FROM OLD SOL For the next three or four months he will serve you, but don't forget that more winters are coming when you can't count on the sun for the heat you require. Right now is the time to get an estimate on your heating job. I install hot-water, steam, Lyon One-Pipe Hot Air and Areola Systems. My expe rience and information is yours for the asking. E. J. COHOON MAIN & WATER STS. Elizabeth City, N. C. A Word About Seed Big advantage in buying your Garden Seed from us for several reasons. First, you get North ern grown, whjch gives earlier start, grows quicker, fruit earlier. Why do we all want Main Grown Seed Potatoes? For the easi ness, certainly so. Why not buy your seed from us for early mar ket, especially your Watermelon, Cantelopes, Cucumbers, Beans, Corn, Etc. Second, we sell all our smaller seed by the ounce or pound, thereby, giving the cus tomer about twice as many seed for his money as you will get oth erwise. Third, the seed business is not new to us. For over twen ty years we have given farming a big part of our study and know what it means to have the best seed. Write us for our special Seed Collection offer. Aydlett & Owens DANIELS & COX OLD STAND Water & Matthews Sts. Elizabeth City, N. C. Startling- facts about the oper ations of wild-cat stock fakers in North Carolina and a clarion call to the substantial citizenship of the state to give greater consid eration to the investment and community betterment possibili ties of their Building & Loan As sociation were the outstanding features of an address delivered by Hon. Stacey W. Wade, Insur ance Commissioner of North Carolina, before the convention of the North Carolina Building & Loan League in this city Wed nesday, Tune 22. The fact that North Carolinians invest so much more money in worthless stocks than in Building & Loan Associa tion is due largely to the fact that the fakers advertise and the Building & Loan Associations do not. Commissioner vvaae, -addressing the Building & Loan As sociation men, said: j Publicity Needed. I believe that your institutions are approaching a turning point; some of them have already passed beyond the stage of growing pains; growth and ex pansion are absolutely essential if they are to fulfill their great mission, and as I see it the future is full of possibilfc ties for them. Public confidence in them is secure; increased renis au over mc State has stimulated home ownership, while the receding wave of prosperity has brought home to many the great need of saving. It now remains for you to give full publicity to your plans and benefits in order to reap the harvest which is rightfully yours. It is surprising how few people there are who understand what a Building & Loan" Association is, how it operates, and the profits it distributes. Only the other morning a college professor in rnnvprsation with one of my clerks. stated that he was compelled to move, could "not find a house for rent and had not enough money to buy a home. It was explained to him how a Building & Loan Association might assist him and he seemed astonished that it could be true, but went away with a glad deter mination. I do not know that be suc ceeded, but it impressed me with the fact that the associations are losing their best opportunity through failure to properly advertise. Publicity is a great selling force, and an educated public is usually appreciative and responsive. The Supreme Remedy For Poverty. With the knowledge you have gained through years of experience in the management of . Building and Loan As sociations, I feel that you do not ex pect me to brng you any new ideas as to the " value of your stock as an in-vestment,-as a home builder, or as a pro moter of thrift. I am new in business, but I do .know that these points are strongly fixed in your minds, and you . . a, a i J can state- tnem witn more iorce aim clearness than I. ( Show nie a Building and Loan man who is not an enthusiast, who does not hold the three-fold value of his stock to be the supreme remedy for poverty. . Certainly it is true that in many an instance it has been the real starting point in life. We. have been taught that all men are created equal, however, there is no ques tion but that a child jwho is not born under his own roof begins life against a handicap which .' the Creator did- not intend, and which thrift alone can over come. Too often the lack of a home sends him out in life before safe habits are formed, and he is soon lost in the multitude of spendthrifts with only ap petite and extravagance for his master. Is it any wonder, therefore, that our large cities have their slums and their crimes which are not always due to the foreign element, but may often be traced to the lack of home owners and the principles for which they stand? The Wild-Cat Stock Faker. My strongest efforts would probably underestimate the great value of your institutions and their work, but if I can add a note of warning that will serve to keep some of our people out of the clutches of the wildcat stock fakir, and divert to useful channels funds which are now going ' to line the interior of some imaginary oil well, I shall count the day well spent. If I can impress upon you, and through you your share holders, the hopeless chance of profit in patronizing them I shall consider that I have rendered the public a real ser vice. Wildcat stocks appear in so many forms, their tales are so plausible, their schemes so various and full of color, that they are calculated to deceive even the expert. The only safe course for our people is to consult their banker or Building and Loan Secretary or the In surance Department. I have . even known banks to get stung by them, but never a Building and Loan Association. During the past year my attention has been called to a number of bank fail ares in our State and even a suicide due to no other cause than an over-burden of fake stock notes discounted by honest hardworking citizens , who were lead to believe they were getting some thing for nothing.' How to Spot Them. In pr&er to protect oneself against ihem it is necessary to be able to spot them and detect the element of risk and sometimes fraud which is usually well concealed. The fact that they are li censed under the Blue Skj law gives, WOOD SHINGLES COST FARMERS MILLIONS IN FIRE LOSS ANNUALLY Progressive farmers are getting away from inflamable roofs. I can sell you a roof that will not burn and for less money; a roof that will reduce your insurance; a roof that is cheaper to apply, cheaper in first cost and lasts longer. Let me figure with you on your next roofing job; even if you are not ready now it will be worth your while to know something about the economy and all around su periority of modern roofing. My information is yours. E. J. COHOON Main & Water Sts. Elizabeth City, N. C "I Got Real Mad When I Lost My Set ting Hen," Mrs. Hannan. "I went into the hen house one morn icg and found my favorite setter dead. I got real mad. Went to the store, bought some RAT-SNAP and in a week I got six dead rats. Everybody who raises poultry should keep RAT-SNAP, Three sizes. 35c. 65c. $1.25. Sold, and guaranteed by Culpepper Hardware btore. City Drug btore, Ci. W. Twiddy, John C. Bond, Edenton; W. A. Leggett, Edenton; Sawyer's General Store, Camden. R. N. DAVIS REAL ESTATE and Rentals 313 HINTON BLDG. ELIZABETH CITY, N. C. Te3-tf BRICK Good hard brick for immediate delivery by rail on barge or schooner at our Shiloh wharf. For prices and further infor mation Shiloh Brick Works E. R. WAINWRIGHT, Prop. SHILOH, - N. C. p.Jef-3mo.s. as LKRAMA HE A TRE PROGRAM FOR WEEK BEGINNING June 20th FRIDAY MfMFl Y CONSTANCE BINNEY ire "THE MAGIC CAP" Vi wH 1 "HOT DOGS" A HANK MANN COMEDY THUQfMV MARGUERITE CLARK in "SCRAMBLED WIVES" 1 UluDilri I FATTY ARBUCKLE im "NEVER AGAIN W V7 TOM mOOre in "OFFICER 666' rlflWVJAY HANSEN & OLAND in. "PHANTOM FOE" RjUmSLtUAJTlK Episode No. 6 "THE CRYSTAL BAIL" our people no assurance that they are trustworthy; it is simply evidence that they' have complied with the require ments pf - that law, and is a warning signal that they should be investigated. It is a significant fact that the great er the element of speculaton, and the stronger the smell of promotion, the further from home they wil go to dis pose of their stocks. The ' Florida Phosphate Company will sell its stock from North Carolina to New York City, while a New York promotion concern will begin in North Carolina and sell all the way to Florida; so you see we get it going and coming. The starting point for both the North and South, our State seems to be the center where both ex tremes meet, while the oil and . mining stocks of Texas and Oklahoma appear to have their beginning and end right at our doors, especially in eastern Norfl Carolina. The letters received daily, by the Insurance Department are pathetic in their appeals for protection, for re lief from obligations incurred through fradulent representations; and in many cases the Department can do little more than warn them to go their way and sin no more. They seem to fake it for granted that because they hold a license they come well recommended, while as a matter of fact each license issuea bears the statement in red ink that -the Insurance Commissioner in no wise rec ommends the stocks offered. An Endless Tale of Losses. The difference between building " and loan stock and foreign wildcat stock is more than the difference in value of an investment, it is a difference in princi ple, and may be measured by accom plishment on one hand and unfilled promises on the other. It' is the differ ence between conservative and reckless methods, the help of a good Samaritan against the attacks of a highwayman. Your record in our State is absolutely unsullied, while theirs is, indeed, unen viaible. If I could refer to my files or to the public and point to a single instance of promises fulfilled, or fraud retrieved, or even of justifiable failure I . could possibly find more moderate words to apply to them, but their rec ord is an endless tale of losses, high salaried officials, receiverships, bank ruptcy proceedings, or scanty dividends returned out of the investor's own cap ital and not from profits earned. Your methods have always been con servative, your plans safe, having for their purpose the upbuilding of the com munity and its citizenship, while their plans seem to be hatched for the sole purpose of robbing their patrons . and they do not stop at extracting hard earned cash, but by smooth talk succeed in sellng the poor man who they know is unable to pay, taking a mortgage on his home and future happiness in ex change for a sheet beautifully engraved with dollar marks galore. This they proudly gnnpugce is their cumulative. preferred rtock, redeemable in a very short time at about one hundred and fifty cents on the dollar, but, alas, they never .return to take it up. The Safe Investment. Your motto has been to help, while they continue to fleece the public in a manner which is little short of robbery. The objects for which the two corpora tions are formed are so extremely op posite, yours so unselfish, so mutually helpful, theirs so evasive, so antagonis tic to the individual and public good that not a scintilla of doubt should be left in the mind of even the wayfaring man as to a choice from a standpoint of investment or safety. It is strange, however, that in spite of these outstand ing features, the contrast in their ulti mate purposes, and in spite of the warnings constantly issued by the In surance Department through the public press, (which at time I fear have be come monotonous) they still step in where your institutions fear to tread and succeed in duping the public. I can bnly account for it by P. T. Bar num's philosophy, and the fact that they do advertise; and While I cannot rec ommend to you their methods of secur ing publicity I do feel that you can by judicious and extensive -advertsing do much to educate our people and help curb this growing menace in our great State. Please understand that this ti rade is not directed against every cor poration that is required to comply with the Blue Sky law. Some are promoted in good faith with at least some pros pects of success, but divested of their engraved certificates the be-st of them become a very ordinary investment and little more than a gamble. Be Wary of "Blue Sky." To your League and your associates I would say let's educate our people away from them. To the public I can only say be cautious, be extremely cau tious. Accep no verbal statement or agreement even if witnessed by your best friend. Investigate. Ask to see a copy of their financial statement. If you find listed under the head of assets a- large amount of notes for stock sold, unpaid subscriptions," a large -item for patent rights, good will, or leases, in fact a good patch of "blue sky" be wary. Take plenty of time to consult your banker or your Building and Loan Sec retary who may be able to get additional information for you. They may tell you thatv ther stock will be taken off the market tomorrow. Don't worry, you will be given plenty of time to buy and a longer time to repent if you invest. Your associations have much to com mend them to the sober judgment of thinking men and I pray you God's speed in your great undertaking. BIG JUMBO SOY BEAN HARVESTER Big improvements over Harvesters made by other concerns. Body lowered or raised on axle. Body adjustable'. Tongue adjustable. Sprocket-rim adjustable. Cham troubles eliminated. Carrying capacity a third greater than other makes.- Manufactured and sold by Geo. E. Pritchard, Elizabeth City, N. C. Free oeoaii During the month of June we will give a free tube with every purchase of a i PENNSYLVANIA VACUUM CUP TIRE. These tubes are Pennsylvania Vacuum Cup Tubes of the same high quality as the tires themselves. Tire prices as good as you can get. D. Jons Co ELIZABETH CITY, NORTH CAROLINA SHINGLES Juniper & Red Cedar At Wholesale Price, in any quantity. Write for prices. D. B. COX SHINGLE YARD. Hertford, N. C, near N. S. Railroad. HASTINGS & SON The Portophone "The Talking Machine Wonder" Sheet Music Player Rolls Holton Band Instruments AU Kinds of Musical Goods 123 Poindexter St. ELIZABETH CITY, N. CAROLINA lllllllllllllllllllllllllllll Let Us Know Your Wants We Will Take Care of The installation of new and im proved ice-making machinery and a thoro overhauling of our plant enables us to give you the quality and service you will appreciate. Bagged Ice a Specialty. Crystal Ice & Coal Co., Inc. E. C CONGER, Mgr. Elizabeth City, N. C f - : j Albemarle Cottage NAGS HEAD, N. C. " Open June 15, 1921. 22 Guest Rooms. Board by day, week or month. For Reservations, address Mrs. Flonnie Gulley, Prop. Kinston, N. C. Tune3-5t SAVE YOUR EYES At the first sign of eye fatigue you should have your eyes examined. This will determine wheth er or not you need glasses. Dr. J. W. Selig OPTOMETRIST 521 MAIN STREET A GROWING CONCERN FARMERS GINNING & PRODUCE CO. A CO-OPERATIVE ENTERPRISE TRY US FOR LUMBER : SHINGLES : FENCE POSTS We operate our own saw mill, feed mill and cotton gin and barrel; factory. . We sell se6d, feed and fertilizers. If you have never done business with us, pay us a visit and look us over. Farmers' Ginning & Produce Co INCORPORATED W. Mam St. K. R. WINS LOW, Mgr. Elizabeth City, N. C. Phone 572 Good Coffee You will find it at Twiddy's. Twiddy seTls nothing but the best in groceries. His old and suc cessful business has been built upon that one thing, plus, courtesy and honesty G. W. TWIDDY Phone 185 S. Poindexter Street HURSDAY TOM MIX in "THE; ROAD DEMON' "SKIPPER'S SCHEME" A TOONERVILLE COMEDY. MARY MILES MINTER in "THE LITTLE CLOWN" SEITZ & CAPRICE in "THE SKY RANGER" Episod eNo. 4 "DESERT LAW SATURDAY HOBART BOSWORTH in "HIS OWN LAW" RUTH ROLAND in "THE AVENGING ARROW Episode No. 6 "THE MIDNIGHT ATTACK' PRICES -:-:-Matinee 15c & 20c; Night 15c & 25c 39 Vives Tell Your Husbands Tell your husband what a wonderful difference a Gas Range would make in your kitchen, not only in your comfort, but in actual money saving. Tell him how the daily cooking of meals takes up time that you could profitably employ at other work, tell him how you would enjoy getting out more of ten, and how an Orile Gas Range would enable you to do so. Ask him if he wouldn't like to help you get out of that hot kitchen this summer, and that you could save one-half of your time if you ONLY HAD AN ORILE GAS RANGE AND A WATER HEATER, and that your whole house would be cooler this summer. Southern Gas Improvement Co. "They Say That Gas Can Do It Better." raw1 - II ! iilllll lilt I! 11 ill otorist SmappB -Compter", he ; Every Accessory for the Automobile 17 IL Water St. - Elizabeth City, N. C. :r ". s' j.'fi -iy f-':,; :V . x ,'11. ..',;