OCR Interpretation

Henderson daily dispatch. (Henderson, N.C.) 1914-1995, June 07, 1932, Image 8

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

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn91068401/1932-06-07/ed-1/seq-8/

What is OCR?

Thumbnail for

Bank’s Depositors Who
Fail To Sign Endanger
Plan Os Reorganization
teuThan 15 Percent Hare
Failed to Accept Agree
ment Offered In
First National
application MADE
New Bank Can Open During
Early Part of July if Re
mainder of Depositors Sign
Agreement; One Bank
Fell Through By Ten
cent Refusal
Depositors In the closed First Na
tional Bank of Henderson who have
not signed the .agreement offered
tfcero.to l*a\rs their mqney Ip thi bank,
trill endanger plans jfor the !reor
ganization and reopening of the bank
about - July. 1 If they persist In.that
attitude. K was learned today from
an official connected with the bank
II was stated that a trifle fewer than
15 percent of the depositors remain
to sign the agreement, but'lf they all
continue to hold out. their action may
block the reorganization plans and
completely forestall reopehing plans
It was said that one bartk in East
ern North Carolina had made an of
fer to pay 60 percent to its former
depositors on a reopening plan, and
that all but ten percent of the de
positors accepted the offer and sign
ed The ten percent who refused
however, blocked the whole plan, be
Vpuse the office of the comptroller of
the currency In Washington refused
to permit the bank to open without
them Such a thing may happen herr
if these depositors do not cooperate
in the movement. It was said.
Iwpoaitors In the closed First Na
tional are offered all of their money
under the plan for reopening. They
jsre to get ten percent on the day thi
bank opens, if they wish it. and the
other 90 percent in one. two and three
years. All depositors with S2O or les?
on deposit will be paid in full as soon
as the bank reopens.
Already an application for a charter
for the new bank has been sent tc
Washington and a meeting has beer
called of all former stockholders ti
ti- leld on June 30. at which time
bank's assets will be turned ovei
16 the new bank In the meantime
tne new bank will be organized wits
the payment of new stock of $l2O.
o*>o. including $20,000 surplus, and of
fleers and directors will be elected
But all of these plans may fall thro
t»gh completely unless the depositor;
Mve their cooperation to the under
*i It was learned today that a check
irtg account the post office had in
the closed bank has been sigrted un
der the depositors agreement', and
that the Vh nee Board us County Com I
missioned, also signed the agree
Sent for county'funds held in the
nk. * -
Harrison Family
Has Moved Here-.
R. G. Harrison, who has been re*
ceiver of the First National Bank
■ince shortly after that institution
closed last December 31. has moved
his family to Hendgrson. and they
are occupying the home of Mr. and
Mrs G W Knott on Burwetl avenu<
while the Knotts are away at theit
summer home at Urbana. Va . for the
summer. Mrs. Harrtson and their sou;
children are now in the city and will
make their home here.
The word “its" is an invented one.
is never found in the autl>orized ver
sion of rhe Bible and was only oner
or twice used by Shakespeare and
Many Thanks
I wish to thank the voters of Vance county
for the vote given me last Saturday. Al
though my candidacy for Recorder was
announced rather late, this vote fully
came up to expectations.
It is evident that the contest for Recorder
will be “run off” between the two high
est men, of whom I am one, and t take
this first opportunity to thank you for
what you have done, and to solicit your
further support, and to assure you that if
success ultimately rests with us, you will
have my lasting gratitude and apprecia
tion. , , ]
Sincerely yours,
Elected Senator
, jjU I
P P. McDuffee. above, who received
he nomination for State Senator
from the fourteenth district, composed
if .Vance and Warren counties, in the
irfmary last Saturday, and which is
equivalent to ele.ction. has been a
resident of Henderson for 13 years.
.'le was born and t’fcared on a farm
n Bidden county- and was educated
n the public schools of that county.
»nd in the Piedmont high .school in
Cleveland county, and later Went to
Vake Forest College He taught
ehool five years, and was admitted
i the State bar following his passing
he Supreme Court examinations in
•>bruary. 1917. He is a World War
eteran, with the rank of lieutenant,
le moved to Henderson in April. 1919.
after his discharge from
ne army, and has practiced law here
ince that rime. He is married and the
ather of one child. D. P. McDuffee,
r. and is a member of the First
Tesbyterian church of Henderson,
nd of the Masons.
Will Be Held at 3 O Clock
In Afternoon Through
out The County
''ounty Convention To Be Held Next
Saturday in Court House To
Choose Delegates to Stat«
' Convention In Raleigh
Precinct meetings for the purpose of
’lecting delegates to the county con
tention on next Saturday will be held
by Democrats throughout Vance
'Ounty on Thursday of this week.
Ttitie 9. at 3 p. m.. according to an
official notice issued by ,1. R. Teague,
Hairman of the Democrfatic Execu
ive Committee of the county. One
neeting is to be held in each of the
'3 precincts, and it is urged that
here be a large attendance at all
if them.
The county convention on Saturday
vlll be held at 10:30 a. m.. In the
ourt house, and at that time dele
rates. will be elected to the Demo
ratic State Convention in Raleigh on
Thursday. June 16. At that time a
datform for the State will be adopt
'd and delegates will be named to
he Democratic National Convention
In Chicago, opening on June 27. Con
gressional conventions will be held
m that day also.
3t*tfitet£onßails 23 tsjrafrfj
July Meeting Advanced Two
Week* On Account Os
State Convention
A. D Patterson. Athletics Officer of
Feet. Announces Haaebail Team
To Begin Work At Once
Officers to serve during the coming
year will be elected by the Henderson
post of the American Xaegion at a
meeting to be held on June 20. which
Is the regular July meeting advanced
two weeks In order to comply with
certain technicalities in advance of
the State convention, which meets
next month. This was decided at the
monthly meeting of the post last
night, which was well attended, and
at which time it was decided to have
nominations made from the floor
rathef than by a -committee. There
was some discussion of this matter
before the vote was tgl^dq.
It is eocpfectfed Chat 'delegates from
the local post to the State convenlon
will also be elected at the June 20
meeting.- / ’ ,
A. D. Patterson, athletic officer
the post, reported that he would start
work-outs for the Legion's baseball
teams this week, and said that hd
hoped to have an aggregation that
would make a gOodf’ showing In the
district competition.
It was also arranged to have a re
port at the next meeting from the
I region's finance officer who has
served during the past year.
Attendance Mark
SetbyU.N. C. Man
Chapel Hill June 7—Among' this
year's graduates at the UnivktiUy!
of North Carolina was James CAjMI
lyle Rutledge, son of Joseph Gra
ham Rutledge, of Stanly. In Gaa
ton county, who holds the uniqMfr ,
record of never having
day of school while going through
grammar school, high school. Wea
ver College and the University
Rutledge is 23 years old and re
ceived an A. B. degree. One might
think he has had enough school
with surh a record, hut he says he
intends (o enter the University'
School of Commerce in the fall ..
Do you inhale? #
“We’re not asking you
—we’re telling you!” JHb|L^
7 out of 10 smokers inhale knowingly
other 3 inhale unknowingly! JKr
DO you laKHeTtodcyStrike can meet of the smoke he or she draws out of a jfl # ) HUV
the issue fairly and squarely. For It has cigarette. J^a\ w W enHVW J JnV
•olTedth. problem. Luckies'femou, puri- Andsioceyoßaoinlule.aufc.Me— mke r i^ < *le/Jw
fpng process remo.es ceruin impurities sbsolutely ture-your cigarette smoke is pur.
that are concealed in even the choicest, iscl ea n_tKor«.~m:.. • . . , i « o. * rcva/cx
protect thoee delicate membrued 2Stt
Do you ioh.le? Os course you do. It’s “Si?
Every smoker breathes m some part Yoergg^w-jgawtjn iuw«--^i~«ceigh . / » "n.i.c'.j ,< L *~
—mm———— Os. tW. H» Amorlcun Tobxw
Five Members Os Council
Take Oath Another Term
Will Meet Again Friday Night To Elect City Employee*
and Fix Salaries; J. R. Teague Elected Mayor Pro.
tem and S. B. Bur well as City Clerk
Five members of the Henderson
City Council, who were re-elected with
'out opposition at the municipal elec
tion on May 3. took the oath of of
” flee, in keeping with the city char
ter, at a meeting held for that pur
pose at 4 o'clock yesterday afternoon.
They were M. C. Miles, first ward;
K. L. Burton, second wafd; T. W.
Ellis, third ward; and John D. Rose
and M. Y. Cooper for the fourth ward
all of them for two-year Edrms except
Mr. Cooper who Is finishing out an
unexpired term of one year.
After some other routine, the Coun
cil adjourned to meet again on Fri
day night for the purpose of electing
city employees and'fixing salaries for
Two Liquor Case*, One Hit
And Run and Several
Other Actions
Six cases In recorder’s court Mon
day held that body in session until
afternoon In one of the longest ses
sions in recent weeks. An accumula
tion over the week-end was respon
sible. Considerable time was neces
sary, to dispose of several of the cases.
• John Pegram. held under a hit and
run * charge, was bound over to su
piribr cohrt on SIOO bond,
j Matthew Edwards, - , charged with
k’as. dismissed.
i?Lt6dsay -Shearing-wna fined $lO and
Ibsts for an assAult with a deadly
weapon, and was fined $5 for the pos
session of liquor, but on a charge of
assaulting a woman was discharged.
Campbell Kirby was sent to the
roads for 12 months for assaulting
his wife.
Reuben Smith was given 30 days in
jail for assaulting a woman, but ;
judgment was suspended on payment
of the costs and on condition that he
the coming yepr.
J. R. Teague -was elected as mayor
protein, and -S.\ B. Burwcll waa re
elected as city clerk. firm of
Perfy and Klttrell was also re-elected
as city attorneys for another year. It
was decided that regular meetings of
the Council would be held at the us
ual time during the coming year, this
being the fourth Monday night in each;
month at 8 o'clock.
A sum of not more than S4O was
appropriated to buy rour boats to be
used on the city's waterworks lakes
for fishing. Fees will be charged to
all who use the boats, antfr the S4O will
be reimbursed to the city as soon as
the income from that source Is suf
leave the city for 12 months.
Andrew Dinkins was convicted of
attempting to manufacture liquor and
was sentenced to four months on the
roads, commitment not to issue on
payment of the costs and on good be
havior for two years.
At today's session of the court Her
man Journegan was given 30 days for
being drunk and disorderly and 30
days for trespass, but commitment is
not to issue on payment of the costs
and on condition that he leave the
county for 12 months.
Old Residence at Cokesbury Destroy
ed by Fire While Family Is
Away at Church
The home of Mr. and Mrs. L. H.
Langford in the Cokesbury com
munity, some five or six miles east
of Henderson, was destroyed by fire
about 10:30 o’clock Sunday morning,
it was learned here today. The family
was at church and no one was at the
home, which was a total loss, to
gether with everything in the house,
according to reports.
The fire is believed to have started
in the kitchen, and spread rapidly
until the entire house was enveloped
in the flames.
The home was one of the
oldest in the community, having been
Tax List Reduced By That
Much A* Sale of Land
Is Put Off Again
Back Account Settled; Free License
Granted Two World War Vete
rans To Peddle Fruits and
Vegetables Here
Tax collections of $7,461 68 during
May were reported to the Vance Board
of County Commissioners yesterday
,at the board's regular monthly meet
ing for June by Sheriff J. E. Ham
lett. Fees and licenses amounting to
$56.81 were also reported, together
with credits of $674 44 in rebates al
lowed. all of which is credited against
the tax list originally charged to the
sheriff, and which makes a total of
, The commissioners vdted to extend
for another month the advertisement
of land for taxes, the further post
iponement, which makes two months
from the regular time, having been
granted, at least in part, to accom
modate some in arrears who hope to
obtain sufficient money to their
taxes when the First National Bank
is reopened, around the first of July.
P. J. T. Rawlins, who was cited
built 77 years ago by Mr. Langford's
Mr. and Mrs. Langford are making
their home for the present with the
latter’s sister. Mrs. E. R. Mabry.
To the Voters ot
Vance County
I wish to take this opportunity to thank each and every
one of you for your splendid support in last Saturday s pri
mary, and to express to you my deep and sincere apprecia
tion for the trust which you again reposed in me.
Respectfully yours,
Horace M. Robinson
several weeks ago to '
the board, following
In the Daily Dispatch of a Mu '*' loo
ed by Mr. Raw| ins inquirin ''T
commlssloners as to collateral* J? h *
for county money tied up? n
First National Bank. aDtwj.r.H
the board. He was cited to show^ f ° r *
why he should not pay oack uTe,
was required to list f or f OUr ve,r* *"*
Pay taxes, plus penalties
Free licenses to peddle t yin *
V«g«»bl«, In th, no™, * M
to Ad Harm, and j
veterans of the World War. *'
K. P. Davis, county jailor
459 jail days had been by° T
sonera in the county j ai | during JT
and that at the end of Mav th"*. M * v
18 prisoners in the jail awaltin "T*
position of charges against the*
flow Numskuu.
Pillow Slip and -thp
sleeper jump?
Mishawaka, imdiama .
'feURNUMB M)T,n v r

xml | txt