Newspaper Page Text
District Bankers Meet
In Annual Session Here Gordon Hunter, Roxboro, New President for Next Year- Gurney Hood Sees Banks’ Biggest Era Just Ahead- ’ S. T. Peace Is Principal Speaker for Event ’ Bankers of the district known as Group 4 met in annual convention here last night, with an attendance estimated in excess of 100. The terri tory embraces banks in Warren, Franklin, Vance, Granville, Wake, Durham, Orange and Johnston coun ties, and nearly every .bank in the dis trict was represented. In the electio . of officers Gordon Hunter, of Roxboro, was chosen presi dent; John Mitchell, of Warrenton, vice-president, and Robert Deßossett, of Raleigh, secretary-treasurer. Ben Roberts, of Durham, was named as a member for the group on the execu tive of the North Carolina Bankers Association. The stale nvas unani mously adopted as presented by the nominating committee, which was composed of W. E. Hogan, of Chapel Hill; E. S. Booth, of Durham, and K. 1,. Burton, of Henderson. S. T. Peace, former president of the old First National Bank of Hen derson, now textile manufacturer and banker of Roanoke Rapids, was the principal speaker, on the subject, "Scratch Your Noodle.” The last speaker of the evening was Gurney P. Hood, of Raleigh, State 1 commissioner of banks, who told the bankers that within the next few years the banks of North Carolina would probable find themselves with the greatest resources in their history He recited very briefly the marvelous changes that have taken place m banking in this State within the past year, and compared the situation to day with that of a year ago, just after the hank holiday had ended. He said that since 1927 a total of 183 banks had failed in North Carolina, and that 25 had already reopened, and 89 more of the remaining 158 would probably be reopened in the present year, leav ing only 69 that would still be closed at that time. He said $12,000,000 had been collected by closed banks, and that North Carolina today tea long way out of the depression. He paid a tribute to the Negro bank in Durham and the Negro insurance company of that city both the largest Institutions of their kind in the world. Mr. Hood said the outstanding thing of the crisis through which banking had passed in this State was the sacrifices made by bankers in rebuilding the financial structure of the common wealth, and that the public would never know the full measure of the trials they had passed through. He said the improvement that had taken place within the year was almost un believable. The bank commissioner said that if the present trend in State finances continued, ttoe State's debt during the Ehringhaus administration would be reduced by $25,000,000. It has already been cut down by $7,000,000, he said. Mr. Peace s address was perhaps the high light of the meeting. Referring to his subject, he said that ‘‘unless you scratch your noodle, you are go ing to be left.” It means, he said to “be alert, be quick, be up-to-date, keep up with the times.” He threw in many side-splitting jokes, all told in Mr. Peace’s own inimitable manner. He said one trouble at the present time is that the people are condemn ing the banks and their practices with out knowing them. He took a fling at "too much government” in the bann ing industry. The speaker saw a silver lining to tlie cloud, in the comparison of the improving financial condition of State county and municipal government, de spite the heavy borrowing and the immense spending program of the !<tderal government. Frank B. Rooards, retiring presi dent of the association, who is ca-hier of the First National Bank in Henderson, presided over the meet ing, and did it in the fine manner that drew much comment. At the conclusion of the banquet, which was served in excellent manner by the ladies of the American Legion Auxiliary, the entertainment commit tee was given right of way. It put Wyde L. Finch, of Henderson, in an imitation of Amos ‘n’ Andy, which was marvelous in its resemblance to the program of the famous radio en tertainers. He got a big hand at the conclusion. W. A Hunt president of th Bank and Trust Company of Hen derson second oldest bank in the wtaie gave the address of welcome. Hunt, who is a past president an(i was for many years secretary of the North Carolina Bankers Associa tion, suggested the name of the dts ,r >ct group ,be changed to something like the "golden tobacco belt” group, as indicative of the great agricul tiital product of the section. He told 'he, bankers that the “subway” be ln& built in Henderson’s main street was being paid for by all of the folks, v ' H **°rs and homefoloks alike, in that 11 was being done with government money. d- W. Medford, of Oxford, responded !? th, ‘ welcome address, and endorsed r - Hunt’s suggestion for the new Name. Mr. Peace was presented by Jasper ~ Hicks, president of the First Na- Bank in Henderson. bile the nominating committee as c,lt * guests, one at the time, nr( ‘ asked to rise and give their _! drnes and the bank of their con- Sfjii! *IJI 60c**"- 10c, SOc, nection. John Lowry and several of his chil dren and the little * daughter of Shei iff J. E. Hamlett, entertained with music and dance numbers and Miss Lowry gave some demonstrations of acrobatics. M. W. Wester, cashier of the Indus trial Bank of Henderson and Roy O. Rodwell, cashier of the Citizens Bank amd Trust Company, were the commit tee on arrangements, and Jasper B. Hicks and J. C. Gardner, of the First National, constituted the entertain ment committee. The place for the next meeting of the group a year hence was left up to the officers, who will make then selection later. mS G. O. Perdue States He Will Be Candidate for Sheriff of County TWO OTHERS ARE OUT Vernon Brinkley and E. F. Murphy To Be Constable and John B. Knight Is Out For County Commissioner Additional announcements of can didates for various public offices in. Vance county served today to enliven the campaign for the Democratic pri mary of June 2. While he made no formal statement by publication, George Ollie Perdue said he would enter the contest for sheriff, where Sheriff J. E. Hamlett is a candidate to succeed himself, anti is already opposed by D. L. Kearney, former sheriff, and L. A. Jackson. Perdue’s entry makes it a four-cor nered battle. Formal announcements were made today for constable of Henderson township by E. F. Murphy, incumbent and Vernon V. Brinkley. John B. Knight has announced him self as & candidate for one of the two four-year terms for county commis sioner, and R. H. Pernell entered the field for one of those two jobs sev eral days ago. Terms of three mem bers of t 'he present board of commis sioners will expire this year, and their successors will be chosen in tie pri mary. Neither of the three, one of Turkish tobacco adds some* a taste and aroma that is not ' \ thing to the taste and aroma like other cigarettes. -/ • -ff- TV/fTTTYFR a c^Sarcttc t^at no other Everything that money ithe cigarette tnats MILDER II tobacco can givc " can buy £ used to make "t/te cigarette tnat~ TASTES BETTER It means something that Chesterfield the cigarette " Chesterfield always has in stor- that’s milder , the ciga age upwards of 350,000 bale? rette that tastes better. $ 1934. Liwaltt A M«u Tatftm 0k „ ■. HENDERSON, (N. CJ DAILY DISPATCH, FRIDAY, APRIL 6, 1934 whem is finishing out a two-year to. m has made lo - rr.al announcement for another rcminelion. C. B. L«,«‘kham has announced for recorder ,and, while Recorder R. E. Clements is c.Nfcrted to run -leaL, he has not publicly announced him self. A. R. Tarry is opposing Horace M. Robinson for register of deeds. Mr. Robinson has r.ot announced, but is running for ic ejection. v < or t osition has developed as yet for E. (.* Ftilknei as clerk of sup erior court, and doubt has been ex pressed as to whether or not he will have any opposition. He was appoint ed to the office last January by Judge R. Hunt Parker, on the death of the late Colonel Henry Periy. ft I CITY $91380 Greatest Figure for Any Month In Nearly Decade In Henderson O’NEIL BLAZE WORST Damage to Building, and All Con tents $71,205; Leggett Fire Car ried , $19,800 Loss To Building and Stock Henderson’s fire loss in March was the greatest in nearly a decade, and amounted to $91,380, Fire Chief E. E. Shepherd announced today, after a compilation of the several serious fires that occurred within the month. The amount is not only the greatest for any one month in many years, but more than the total for any entire year in the recent history of the city. The blaze that destroyed .the O’Neil building shortly after midnight the morning of March 27 was listed as do ing damage of $71,205. That figure included $35,000 for the entire build ing, $28,000 for the O’Neil Hardware Company stock; $1,005 for Mitchell’s shop; $4,900' for the Central Shoe Store, and $2,300 for the Central -Barber Shop, all of which were located in the building. Damage of $16,000 to merchandise was listed for the Leggett Department Store -blaze in mid-March, and $3,300 for damage to the building in which it is located.. A residence on Chavasse avenue owned by John D. Cooper was damag ed in the amount of- $750, with $75 loss to furnishings of the occupants, or a total of $825, the fire chief’s re port said. A house on Nicholas street occupied by Adjutant ahd Mrs. Joseph Willett, of the (Salvation Army, was damaged to the extent of SSO by a roof blaze, the record showed. Aside from these actual fires, there were three other alarms, one being a roof blaze for which no damage was entered, one false alarm and an other that turned out to be only smoke, but with no fire damage. Young People In Meeting Here On Church Problems County wide Gathering of Y oung People’s Conference Held At First Methodist Church Under Sunday School Auspices; Banquet To Be Tonight The Vance County Young People’s Conference, embracing churches from all parts of the city and the county, held their annual gathering here to day in the First Methodist churcn. Young people of the ages from 15 to 23 participated. The general them«s was, “Youth’s Task in the World of Today.” The gathering was under the direo tion of the North Carolina Sunday School Association, with Rev. Shu foid Peeler, its general secretary, and Miss Edith Krider, director of young people’s work, on the program a*, among the high lights of the event. Miss Mary Hughes was general chair man of the meeting. After the registeration at 9:30 a. m., the first session opened at 10 a. m., with Miss Hughes presiding, and leading the song service. On the program were Miss ,Gertrude Allen for a ten-minute address on “Seeking and Finding the Way of Prophecy Made By Governor Realized (Continued rrom page Qnej speech, which was delieverd J by; Clif ford Frazier, of Greensboro, would sound in many places almost word for word like some of the speeches that have recently been delieverd by some Democrats in the State. The governor did not mention any names, but most of those who heard him be lieved he was referring to Attorney General Dennis G. Brummitt, former Lieutenant Governor R .T. Fountain -and other Democrats who., have een and still are quite bitter in their de n-unciatio nos the present Democratic administration in the State and the actions of the 1933 General Assembly. The governor made it clear that he considered a “mugwump” a Demo crat who was a 100 per cent national Democrat, but who would not stand by the party, its leadership and its record as far as the State was con cerned and whose attacks on the! Democratic party within the State were so similar to the attacks made by the Republican party tn the State that they could hardly be distinguish e<b ’ - : :l . . Ji’orj instance, here is one ;of the st4t|rpents made by Keynoter Frazier who was the Republican candidate a- Governor Ehringhaus in 1932, M Id s address (before the Republican State . Convention in Charlotte: “The Democratic party has repeat edly promised ‘simplicity in govern ment’ and ‘economy in government’ but during its long tenure in office the State debt has increased to such Life,” and Bill Laws, talking on the subject, "Sharing the Christ Ideais.” A playlet "Youth’s Task,” by five young people, was directed by Miss Ruth Allen. Other leaders were Mr. Peeler, Mrs. L. W. Gerringer, of Hen derson, Miss Edith Krider and Rev. H. E. Crutchfield. A quartette com posed of Misses Elizameth Shaw, An ne Mills, Dorsey Evans and Bill Laws gave special music, and Dr. L. W. Gerringer spoke on "Significant Liv ing in the Twentieth Century.” The benediction was by Rev. I. W. Hughes rector of Holy Innocents Episcopal church, Henderson. The afternoon session was to be presided over by Miss Charlotte Wes ter, with the general theme. “The Church.” The banquet tonight is to be presided over by Dorsey Evans, and Rev. W. C. Cummings, pastor of the First Presbyterian church is to be the chief speaker, usipg the sub ject, “The Message of the Cross.” proportions that the figures compare with the distances to the sun, moon and stars. Each pledge of economy has been followed with some new or higher tax. Instead of abolishing use less commissions and bureaus, instead of coniso’liding departments and ab olishing many of the useless local sub divisions, bureaus have been added to bureaus and departments piled on departments with the result that North Carolina has endured the greatest spending qra in its history. Bureaus and Bureaucrats have been retained at the expense of the tax paer until there are some who feel that the name of the Democratic party should be changed to the "bu reaucratic party.” It is agreed here that if the words “Ehringhaus administration” should ibe substituted for "the Democratic party” that the paragraphs quoted above might have been taken from any one of several recent speeches made by some well known Democrats in the State, especially the paragraph in Frazier’s speech in which he said: “The greatest need of the State now is, as it has been for so long, ‘sim plicity in government’ and an econo mical administration to the end that the heavy load of the taxpayer may be lifted.” Neither Frazier nor the anti-admin istration “mugwump” Democrats pointed out that the 1933 General As sembly reduced property taxes in the State 32 per cent, that only two per cent of all the State’s general fund revenue is spent for the maintenance of all the various bureaus, depart ments, commission's, divisions and so forth which are attacked so vigorus ly. If every State office, the State Uni versity and all its divisions and all other iSitate educational, charitable and correctional institutions and all State departments' and divisions should be abolished and closed up, with the exception of the State High way Commission, the State’s expendi tures would be reduced only 17 per cent. 4 Strike Menace Up Again As Labor Asks More Pay (Continued from Page One.) ments and left Vvasnmgton for De troit, following reports of discontent because the automobile board was not acting with greatest rapidity. A strike at lire Mack avenue plant of the Motor Products Corporation brought out 1,000 Detroit workers, la Sea Us Today About SHARES —IN OUR— New 44th Series V Payments to Start April 7 Take as many shares as you can conven iently carry. They cost 25c per share per week and earn over 6 per cent tax free to the investor. This is the way and the time to start sav ing money, whether for a home or other f purposes. Colne in and let us talk to you about it. Home Building & Loan Association W. A. HUNT, Pres. JOEL T. CHEATHAM, Secy. PAGE THREE bor leaders said. At the same tima it was announced tool and die makers employed in job shops of Detroit will vote Saturday on a proposal to strike. Both groups seek wage increases. A shutdown of all commercial coal mines in Alabama, affecting 1,000 miners, was voted by operators who declared it was "impossible” to pay the new wage scale of the bituminous coal code. They seek restoration or the wage differentials between north ern and southern states. At Camden, N. J., demands by 3,- 000 striking shipyard workers for a 37 1-2 per cent wage boost were met by an offer of the company of a six percent increase, union leaders said. The New Jersey regional labor board sounded out strike leaders at the Campbell Shop Company on media tion.