The independent. [volume], March 17, 1933, Image 1

About The independent. [volume] (Elizabeth City, N.C.) 1908-1936

Image provided by: University of North Carolina at Chapel Hill Library, Chapel Hill, NC

                
'^,fl"rs The Independent s
StfiSiV; N". l I ^2 ~E"ABE? CITY. N^FMDAY. MARCH'H, 1933. ?* SINGLE COPVTCEN^:
43-Year-Old Gates Couniyj
Spinster Says Negro Assaulted;
Her?But Nobody Gets Excited [
I
/, some parts of the South the word of any sort
? a n+ite woman thai she had been assaulted, or
?en ' "Hxly offended by a Negro, would be a
a[ f0l? a lynching party. But a Negro with a bad
,?>shi)'C ami bootleg record, accused of rape by a
spinster of Corapeake, Gates County, is in
fLf-moity 'ail at Gatesrille awaiting trial and 110
.j. threatens hint. Gates County folks are deter
hineil the Negro shall have a fair trial.
,i 1?: of relics m uates ?
Negro committed
nr. ^ -1- "vea ???PMt that;
T'ut. :JH n< committed it was:
a :lim and that the]
y...... . tun of circumstances.!
. c.ircc'.vau story Miss Leora
jmxiev. Cora peak? spinster
,_J siie ? < - alone with her broth
'lvcu:- Bnnkley. on a farm
Cc.a .'V.k1. On th? night of
ascli- M'" a sil- was alone in
7. tired between 8 and
}ociecl: An hour or so later she
vfjrs .i n >: a: her door. Scme
7, i.;krd a p "lie! in. reached in
ci i :iv: thumb latch in
dcx. She thought it was
irr brc-i'-e: I: was not unusual for :
:o ::nr hrme drunk and make |
j-v c: n ?? She go: up and went1
Ci ? hen she was met and
by a Negro and thrown on
bed At": >r tearing her cloth
;? he N :.'o revished her and de
- ..ri .i ciwith her in a netir
P :? :h fallen ing Tuesday.
v. he tells. She fur
? .--a .: : th? Ncg.o was in
rl ??"'i ivr :'?r an hour or mere1
cc mat n: :h.> time her brother
;rr name, went to the kitchen,
::: ???ir.etluu.: to eat and then up-,
or?to b;:i and she mad? no out
X1 no sa .1 he would
:J> ih"
l' ii?r brother until
Miit. Suspicion im
:? f several neigh-'
and there were'
c i Simpson. 53-yenr
- >:? >"...?? r and bootlegger was i
'.. tliT.i l : :a?t Bud gave him-1
winhe foi id he wr< ,
, ?.i Briskley positively.
?r.r.:-l him as her assailant, al-.
- '? ht in the Bnnkley
the: Sunday night was moon
hie bue'y knew th? ?
Dr. E. I *11. of Sun bury,
r.: . ruination cf the wc
T.; cay. He was shown a
a ? bet a physical ex
woman established
:.v.;-.:y. She had evident
..cr.re a: some time
- ?... )::: whether it was Sun
- ... Mar 3 or a: some other
he: l.fe. was not determin
~i then it came out at the hear
- e A. P.ison Godwin
C .:. v Court ia Gatesvillc
?-'Aav cf this week * that the
V;- 3 ; ?: impton and Lycurgus
^ti.- ; of the plaintiff.
a drunk together on the
ut:.-v r.... of the alleged rape
j.oiotime before the
Bud says he was so
he d/wn in a ditch by
- : station at Corapeake
?. and B. inkiey left i
That when he woke up
to his own home!
in- own woman.
I knows my place and I knows]
** ' 'bird the Negro. "Ii
onian o' my own and I
- ? ' ? cio all I wanted;
a in nevah d.sap-int-)
I i.i.i even mess with wo-;
':. "olcr; I n-vah touch- j
. my life: and dat'v
? L c Jesus i> my secret'
j
.rLi- '? li-tcncd to thei
before a crowd-;
braided the white I
Brinklcy in scath-!
"p ?an5uac. How is the respect i
" on * -n * - . .. . .t
. ; ne othT to be:
!.?-and order up-j
:r-1: -ty where a white1
~ ' ? w.th ? Negro boot
er'an a Sunday:
?ving his old maid I
Ifcttl/ "? an Elated farm-1
Jv. Tni; ioife man deliber-|
such a crime as
'? ....
Or..., ; ? uu ca said Judge
1 hove only contempt!
<* v"'.' '? ! v an order,"? I
5 t .at elfect.
B{?
Sn;>,. '.'.a held for the
ttafs " Oa'es which con-'
eivJ;. M ?? Mar 27th. His |
Cbua-y-';v, ci 'htlui. Gates\
' aot exciting them-1
! " Miss Brinktey I
kjfr.r- f, . n'" w'"h a 1'jw Intel-j
to?:: p.,"'"' may have!
ed; but nnxtj
rru" t the possible
Jn?i .< ? broke the news
bar r. And she
ia'rn . " --'orv No one
? [hp .
C?4t?a r ? - honesty but
-w :'-x -:t --tug a lot of
|
What's A Band
With A Chair
Bottom To Boom?
Somebody get a bass drum.
!>y heck soincbody'll have to
gel a I kiss drum. It leaked
out this week that the new od-j
piece band organized by the j
Young Men's C.ivic C.lub is all]
practiced up and raring to get)
out on the courthouse green j
with its free Sunday after-1
noon concerts. Hut by gosh j
they aint got a bass drum.
Now a brass band, etpceic\y a
brass band of 30 lusty pieces, without
a bass drum is like a ship without
a rudder, a shirt without a tail, a j
dog without a bark, a peanut roast
er without a whistle, or any number
cf ludicrous things. They call it a
brass band, but without the boom,
boom. boom cf the horse hide wal
loper cn the calf skin ti just aint
no band at all. They've got to have
a big be." drum to boom the time,
lime. time.
'I he band practiced with a bor-!
rowed bass drum for several weeks. ]
and then the fellow who loaned i
them the drum came along and took
it away from them, having found i
'a sale for it or something. Then
the bass drummer kept in practice
first on a tin pan and then on a'
chair bottom. But the band can't
go cn pa ade with the bass drum-1
mcr pummeiing a tin pan or a chair
bottom; they just got to have a
drum. Jack W. Jennetto. manager j
cf the band, and a committee of the
bandmcr. arc soliciting funds this
week to provide the band with a
drum. Chip in fellows and help 'em
GIRLS TO PLAY
BASEBALL IN
GYM SLOTHES
"Sock!" A wooden bat!
connects with an oversized
horsehide-covered baseball.;
The ball sails thru the air and
a pretty girl clad in red ?
trunks, white shirt and tennis J
shoes drops the bat and dash-]
es for lirst base. Another fair!
damsel, clad in white shirt,)
tennis shoes and green trunks,
gathers the ball in on the hop andj
tosses it to the first baseman for a
pretty "out." Scenes of this nature
are in store for Elizabeth Citizens
it present pla ns of several indiviauals |
materialize.
Sc.by Stokes, director of the local i
Y. M. C. A.. George Hunsucker, E.1
C. H. S. athletic coach and Cecil!
Reel, ccach of the Central high!
school teams, are planning an in-1
deer baseball league to be composed:
of four or mo.e girl's teams. The
plan is to organize a team at Ccn-1
tral. to select another team from*
the Comets, the girl's basketball]
team sponsored by the Y. M. C. A.,]
to have one cr more teams from E.;
C. H. S., and possibly to get Cam- ]
den. Weeksville or some other near- j
by high school into the league.
All games would be played in the ]
E. C. H. S.. gym. this being the larg-,
est and most suitable indoor gym- j
natium in the county. There would
be a regular league season and the j
two teams wtih the highest percen- j
tages at the end of the season would j
play a championship se.ies.
It is believed that this sport will
prove to be quite an attraction, since
indoor baseball has never been play-,
cd here. The fact that the game
will be played by a-ttractive young'
women should make it even more i
of a drawing card. It will be a dis
tinct novelty for this section, at
least. ' I
The indoo" girl's baseball teams
ran use their basketball uniforms, i
so there will be little expense at- i
tnrhed to the sport. Plans are now
being made and vfil 1 "be announced |
shortly.
!
I
cut.
Quite a few musical instruments1
and a bcut a dozen music stands.
were purchased with the funds
previously raised. Every music ]
stand, piece of music or musical in
strument purchased for or donated'
to the band becomes the property of.
the Young Men's Civic Club and
will always be uoed for municipal \
band work.
si r wr
0/he~?BANJK CituK *?* THE SODA dCRKLft
WHEN YOU'RE FLAT OF YOUR BACK, SURE
YOU'LL LOOK UP
jr.. ?
.. * U.' *
This Bank Holiday, business is
going to play the. devil with banks
and backing; that's* my idea," said,
the Soda Jerker. . ?
You're durn rlghtt jt'is," said the!
Bank Clerk; "befofe it is all over!
with the government will have put
its foot so deep into the banking j
business that it will be forced to go
the whole' way and take over the
country's banking business. The only!
way Uncle Sen can guarantee
people's bank deports is to. be their
banker." - Wf - .
'And then the people will be
happy." said the Soda Jerker.
"I den't know rbout that." said
the Bank Clerk; ''for your Uncle
Sam will not do the loan business [
that private bantersifcave done; he'll I
have to make his expenses some j
ether way and thai way will be a!
sca'e cf fixed chatfces for every
check a fellow writes, just as with
post cllicc money orders. And there
won't be any more overdrafts, check
kiting or other sly financial devices
tolerated by friendly private bank
ers who know their -cuBflbmers and
tolerate their minor .Ixregularities.!
Bank customers will' walk a chalk j
line when Uncle Sam becomes their
banker."
"And some people think the up
shot of it will be that. Uncle Sam!
will find himself taking &ver other
things besides banks* 'bjtfoip he's
thru with it." continued Scda
Jerker. H
"Yes," said the Ban]?*G^rk;. "if
he takes over the banl&^jfc Will
probably have to take life I
insurance companies; the insurance
companies to-day are in ?*? bad a
plight as the banks; Uncle 8am will
certainly have to take over flO^ail
roads to save tlie insura^gfepom
' And it all looks like socifltod to ,
ime.' said the Soda Jerker.
i 'Nothing else, but," said ttjfpArk
Clerk: "The only escape as I see it'
is for the government by some smart
trick to deflate the dollar and inflate'
labor and commodity values in a |
very short time. If everybody could ?
go back to work and get to spend- j
in? money again they would soc*i j
forget all their troubles and bank;
deposits and insurance policies'
would need no guarantees."
"That's what we need," said the j
Soda Jerker, "everybody back to j
work and getting a fair wage for |
work. Give me anything like the j
same wages I was getting three years
ago and do the same for every other I
one-gallus-son-of-a-gun like me and !
we'll keep the railroads, the auto-1
mobile and :adio factories, the tail-.
crs. the shoe makers, the shirt mak- j
c:~. the skirt makers and everybody
else busy and prosperous."
"You said it," replied the Bank j
Clerk.
"Yeah, everybody's saying it." said j
the Soda Jerker; "but its like the
weather, everybody talks abcut it
but nobody does anything about it."
"But Franklin D. Roosevelt ap
pears to be doing something about
it." I
"Yeah, I'm kinder betting on this!
fellow Roosevelt; a man who was
laid flat of his back with infantile)
paralysis and rehabilitated himself I
has got the will power, the courage)
and stamina to rehabilitate other
things."
"Anyway, we'll look up, not down
while Roosevelt wrestles with our
problems.
"Sure, we'll look up," said the Soda
Jerker; "there aint nowhere else a
fellow can look when he's flat of his1
back.
85 per cent of all people have de- j
febtive vision. Are you one of these?
H&ye your eyes examined today.,
DR. J .D. HATHAWAY, Carolinal
Building. adv.
Let's Get Back to Breeding 1
LeadersThinkers,Statesmen j
And Save North Carolina From Im- i
minent Bankruptcy While About It
Bv W .0. SAUNDERS
What's tlu* matter with .[iin Taylor's idea? Jim i
is Currituck County's lean, lank, serious-mindcd Repre
sentative in the General Assembly. Jim doesn't pre- !
? - ? '
tend to be anything but a plaia,f"level-headed, straight
thinking farmer. But he docs^lds own thinking.
Jim has been thinking a bo hi North (Carolina's tax i
problem. Like everybody elsttAyJio has thought about
it, Jim sees that the only way ?orth Carolina can be |
spared a hateful sales tax ofvatlicr bankrupting tax '
levies is to cut expenses where,Hie expense is.
Jim is opposed to a sales t'cn and yet he would go !
far to preserve every gain ipad^ in elementary educa
tion in North Carolina in re<jenj?.'years. He would give
every child in North (Carolina e^ery possible advantage
of elementary education. Jr"
Now the educational olajg^fchy comes along and
tells us that we must have airtight months school term ;
supported by the Stale; they show us that a six months
school term is almost as had as no term at all. They
say it will cost *17,000,000 to run the schools eight
months. As a matter of fact, conservative experts have '
figured out that only 00 per cent of the counties in |
North Carolina can go thru with even a six months j
term next year. " | jy
"All right," says Jim Taylor; "if it's a question of j
busting the Stale or busting the plan of education, I'll
vote to bust up the plan of education for a year, or two
years, if necessary. 1 would close every high school in '
North (Carolina for a year dk for two years, or until j
we can afford 'em again." |
There's a good plain I10A sense. It would he hard !
011 the colleges and universities who would he deprived !
of a lot of green fodder for 4hc next bi-enniiun. Hut
what of it? We are sending.hoys and girls to seliool 1
loo early in life, trying to make doctors, lawyers,
preachers, teachers and. statesmen out of green and
Irivolous young things who Jon't know what it's, all i
about. Anvbody who -Mfows Inything knows thrif lialf r >!
the youngsters we arc jamming thru high school will
never make the college entrance they are being prepar- i
ed for. And half of those who go to college should
never go there. We are turning out altogether too
many half-wit preachers, half-baked teachers, half- j
cocked medicos and half-ass lawyers. Let's have a
pedagocial holiday. We'll have time to plan bigger
and better things for our children after we have rescued j
their parents from bankruptcy, tax foreclosures,
poverty and suicide.
To close every free public high school in North |
('.arotina for a year, or for many years would not keep
any earnest, intelligent, serious-minded, industrious
youth from acquiring a college education if he wants it. j
lie will have to work harder for it. make greater sacri
fices of time, energy and brain power. The lazy, shift- i
less, addle-paled hums and misfits would he climinat- !
ed and our colleges and universities would again he ?
turning out thinkers and leaders, and not wasting Stale \
funds and the energies of large faculties in trying to
put square heads into round holes.
A lot of immature and incompetent high school
teachers woidd be out of leaching jobs; the inspired,
consecrated, highly intelligent teacher would not lose
much time in finding a job as a tutor once we quit try
ing to cover over Thomas .letfcrson's colossal mistake
in an assinino endeavour to make all men equal, a job
(iod Almighty himself long ago despaired of.
It should he easy to segregate the cost of purely
elementary education in North Carolina, appropriate
sufficient funds to carry on the elementary schools and
give the children a chance,?and cut the educational
appropriation to less than ten million dollars. And
then the General Assembly could balance the budget
ind go home. It can he done; 1 don't know just how,
but if some of the products of our lawyer factories
can't show us how, then we'd better shut down the
lawyer factories, or quit sending lawyers to our Legis
latures.
I
Looks Like a Case
Of Save Your Money
And Lose Your Hide
"Are you a criminal?
"Arc you subject to a fine of $10.
000 or ten years in the Federal pen
itentiary at Atlanta?" These are
questions asked by The Raleigh
News & Observer and it supplies the
answer.
"You are if you have withdrawn
from your bank sums in excess of
your legitimate needs in either gold
or currency and hidden the money
away in a safety deposit box or
under the mattress.
"Under the new emergency legis
lation any person who hoards "gold
or silver coin or currency" is subject
to a fine of not more than $10,000
or ten years in prison, or both. Seme
; people have thought that this law
; applied only to gold .but currency j
; is specifically included.
; "This means that any person who I
j in the hysteria of week before last |
i went to this bank and drew out j
a sum greater than his normal
1 needs, or who in the future shall
do so, and heard it and hide it
| away, is not only acting with un- j
I patriotic panic, but is also guilty of!
a felony under the laws of the Uni
j ted States."
I
?The Washington Duke Hotel, Dur
I ham's largest hostelry, was sold for
$149,000 at a receivership sale in
| Durham. The Homeland Invest
| ment company was the successful
bidder. The hotel rapresents an in-;
| vestment of $1,800,000 of which $825-,
I is still outstanding.
Bailey's Two!1
Dollars For One
Idea Spreads
'
Several months ago tliisjj
newspape: published an ox-ji
elusive interview with l\ S.jl
Senator Josiah William Bailey;
in which the Senator declared
that the United States wouldi
have to alter the content ofj
the gold dollar, to make it1!
possible to issue two paper
dollars against each 25.8 j I
grammes of gold the present gold;
dollar contains. Senator Bailey's;
idea didn't cause much of a ripple I
then, but it is receiving serious con- j
sideration in the light of recent |
developments.
Senator Bailey's idea of an ex- j
panded currency thru a devaluation:
cf the dollar is heartily indorsed by'
The Nation, New York liberal week-,
ly and inspires the following edi-1'
torial from The Greensboro Daily;
News:
"This country is aoout to matte
the acquaintance of the managed 11
dollar," says the News. "It is being j;
spoke of as a thing accomplished.;
Great Britain has it, or literally, the' ?
managed pound. It is thrust upon I,
this country by force of circum-j(
stances. |,
"Senator Bailey has been talking!]
about the managed dollar from time1'
to time, having made at least one {
set speech on the subject in the;
most august deliberative body. Im-j,
pressions gathered from this distance
were that the august body did not
know what he was talking about, [
that it had little or no disposition!,
to find out, and that it was bored. 1]
"Senator Bailey is not a prosy j
speaker, commonly, nor was that by \,
any means a prosv speech. Our own
conclusion is that he was thinking a ,
year ahead of his senatorial fellows.
"Legislators as a rule do not pro
ject themselves into the future, or
into anything without compulsion. (
The first rule of political life is not
to borrow trouble. Sometimes it
works badly, for the country. ,
"The higher government circles
were put on notice when North
Carolina sent this North Carolinian (
to the Senate that he was a man ]
of intellectual equipment, and that .
it might possibly be of general ad- j j
vantage if this information was tak-1
en on trust. There was little or no i
expectation that an obfuscated Con- j
gress. running around in deeply
rutted circles, exhibiting the same
o'.d tricks in the same old way,
would get the warning.
"However, it '.s inevitable that
Washington will, sooner or later,
.earn that the Bailey i.q. is suffi
cient to offset a total void in several
state delegations, if through the
chances of politics such voids should (
be found to exist."
Urges Pasquotank;!
Farmers To Hopl'
Into Beer Profit;
Anticipating the early re
turn of legalized beer, Coun
ty Agricultural Agent Groverj
W. Falls is now urging Pas
([uotank fanners to grow
hops, a plant the leaves of I
which are indispensable to'
the making of good beer andj
which is highly adaptible to I
the soil of this county.
According to Mr. Falls, hop leaves
grow on vines similar to the morn
ing glory vines, which are so pro
lific in this section. Hops will
thrive in Pasquotank as well as any
where in the country, he believes.
They are not difficult to raise. One
has to run strings for the vines,
just as one does for butterbeans.
Otherwise, hops are no trouble at
all. When they are ready for pick
ing, the leaves are plucked off the >
vines and are shipped to market in!
burlap bags.
Due to the fact that hops are!
grown in very few sections of the |
country, and yet they are much in
demand in breweries. Mr. Falls is of
the opinion that there will be a
ready sale for hops as soon as beer
is legalized, which should be very
soon. So he is urging Pasqoutank
farmers to plant some hops and get
the "hop" on the farmers in other
sections. He is confident that they
can sell the hops and sell them at
a price that will make them well
worth planting.
1
1/
WOULD CLOSE!
HIOH SCHOOLS
IF NECESSARY
Leave it to Representative i
James A. Taylor, of (Tirri-j
luck and the General Assemb
ly of North Carolina could J
cut school costs in half, bal-j
unco the budget and go home.
"I would be in favor of Starr sap
ported eight months elementary
schools and the closing down of !
every high school for a year, or two I
years, if necessary, rather than levyI
mere taxes," said Representative I
Taylor this week.
"More than half the kids we are:
putting thru high school are being!
educated for a college entrance they ?
will never obtain, and more than
half of those who go to college,
would be better off if they never'
went there. If we've got to choose
between busting the State and bust
ing the plan of education, I'd say
eleminate every appropriation for
high' schools. V/e would still have
our buildings, and local enthusiasm (
for education and culture, that:
would enable us to carry on some- i
how, and the best young minds and
energies bent on going to college
would equip themselves to get there
somehow, just as their ancestors
did before there were any public
high schools.
And if that aint a mouthful out
of a Legislator who isn't given to
making speeches, then this reporter
would like to know what a mouth
ful is.
How One Peanut
Grower Got 2c.
For His Peanuts
Pit a Hertford time mer
chant against an Kdenton
peanut warehouseman and
the warehouseman is out of
luck. This story comes out
of Kdenton. A Perquimans
County farmer put Not) hags
of peanuts in a certain Kden
ton warehouse, earmarked
them for positive! identity, j
and took the warehouseman's j
receipt for them.
To warehousemen peanuts are ]
peanuts. The warehouseman had a \
sale for some peanuts and he sold j
the Perquimans County man's 850j
bags of peanuts to a Suffolk pro- ]
cessor at l'ic a lb.
But the farmer owed a certain j
time merchant in Hertford and the
Hertford merchant pressed for his'
money cr the peanuts. "Get me my
money or bring me your peanuts,"
said the merchant.
"But I can't bring you exactly my
peanuts," said the grower; "The !
warehouse man in Edenton has sold}
my peanuts, but he will give me |
just as good in place of 'em."
"Did you place 'em with him for |
storage, or for him to sell?" asked
the Hertford time merchant
"I paid him for storage and took;
his receipt," said the farmer.
"And could you identify yourj
bags?"
"Sure I could identify 'em, but'
they aint there."
"All right," said the Hertford j
financier; "You go back to Edenton!
and demand your peanuts or make?
the warehouseman pay you 2 cents
a lb. for them." And the story says I
that he did.
I
I
?An auburn-haired woman, appar-'
ently about 21 years of age. was
found dead in her room in a Salis
bury hotel this week.
Conservator in Prospect for
First&CitizensNationalBank
Probability of a Lapse of Several Days or a
Few Weeks Before Full Banking Opera
tions May Be Restored in This City
It may be weeks before normal banking condi
tions are restored in Elizabeth City. ^4s this neivs
oaper goes to press Thursday morning there is every
probability that Elizabeth City's one commercial
bank, the First & Citizens National, will be placed in
the hands of a Conservator as provided by the Federal
emergency measure. This would mean that the First
& Citizens National would be buttressed by the addi
tion of new cavital before it could resume full bank
in a activities.
Tb? ncirliiijiiai capital required
would come either from the present
stockholders and other local inter
ests or from the government itself.
This remains to be seen. At any
rate, the fortunes of the wealthiest
families in Elizabeth City are so in
extricably bound up with The First
& Citizens National that the deposi
tors and local public need enter
tain no grave fears of the bank's
future. It will resume full opera
tions in due course with the sanc
tion of the Federal gvoernment and
with full assurances to depositors.
When the Norfolk banks were per
mitted to open Tuesday, officers of
The First & Citizens National Bank
expected to receive authority to
open Wednesday. But Wednesday
morning dawned and not a word
had come from the Comptroller of
the Currency in Washington. Wed
nesday morning C. O. Robinson,
chairman of the Board of Directors;
W. G. Galther, president and Mar
shall H. Jones, vice president of the
bank, jumped into an automobile
and hurried to the Federal Reserve
Bank at Richmond to ascertain if
possible, what was wrong. They got
little satisfaction in Riohmond and
pushed on to Washington. At Wash
ington they were advised that, lik?
hundreds of other Federal Reserve
system banks, whose liquidity is
questionable, they would probably
have to be reopened under a Conser
vator who would arrange for im
mediate refinancing.
This would not mean a change
in the bank's management; the Con
servator to be designated by the
Government would in all probabil
ity be C. O. Robinson himself, in
whom the bank's stockholders and
depositors have full confidence.
Messrs. GaAther and Jones re
turned to Elizabeth City Wednesday
night, arriving home about 3 o'clock
Thursday morning, leaving Mr. Rob
inson in Washington to get the final
word, which was expected to come
thru sometime Thursday. Mr. Jones
ditcated the following statement to
The Independent at an early hour
Thursday morning:
Would Strengthen Bank
"The Government's plan appears
to be air-tight and I believe is thoro
ly sound," said Mr. Jones: "I be
lieve it will solve the country's bank
ing problem and restore confidence.
Out of it will probably be built- a
unified banking system, more stable
and more closely allied with the gov
ernment than heretofore. ,
"In some agricultural sections and
in communities where bank"liqu??
tions and other conditions result
ing from the depression have ser
iously crippled values, the plan pro
vides for the introduction-oi new
capital, either by local interests or
[by the government thru a govern
ment agency, to eliminate all pos
sible doubt before the unrestricted
opening i; ja-nmttwi. We aie told
lu<ii this means, in effect, a gov
ernment guarantee.
"In cases where such conditions
are thought to exist, in the interim
of a few days while the plans are
being worked out, a Conservator is
I appointed to work out and set up
|the plan. My guess is that should
they find that The First & Citizens
National has been too good to the
community by refusing to sell out
all our neighbours, this is what
(Continued on Page Four)
YOUR CHECK'S GOOD
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you haven't cash we'll swap the
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have that we can use. We'll even
accept your promise to pay if
your reputation is good.
the independent
Elizabeth City, N. C.
i ' " ? ; ?
Kf ?