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Newspaper
Forest City Courier
Location
Forest City, North Carolina, United States of America
Date
May 15, 1930
Page
2
The Chimney Rock Trust Co. audit, dated April 23, was filed with the County Clerk after arriving Tuesday afternoon. The report, prepared by the same firm that audited other closed banks in the county, lists resources including cash and cash items totaling $2,621.13.
In 1875 a young physician sought a harmless laxative after noting harsh purgatives harmed bowels. He devised Dr. Caldwell's Syrup Pepsin, a trusted remedy now sold nationwide. It is praised as gentle, effective, and faithful to the original formula, available in all drugstores.
The schedule shows cash and cash items with a Bank Examiner deposit of $303 and a balance of checks drawn on other banks. Loans total current $165,599.56 and past due $48,807.08. Unpaid collections were checks drawn on Central Bank & Trust Co. Asheville. Current liabilities include accounts payable to various firms. Bills payable list includes Central Bank & Trust Co. Asheville $5,000 Industrial Loan and Investment Co. Forest City $6,000 Farmers Bank & Trust Co. due Feb 7 1930 $10,000 Farmers Bank & Trust Co. demand $5,000. Total $26,000, all secured by notes.
Rev. C. C. Matheny returns home from Louisville Kentucky after completing a three months course at the Baptist Theological Seminary. He will resume his pastoral duties next Sunday. Weathers sets hardware prices.
Glenn Brown of Forest City was freed from a $1,000 bond after a second inquest ruled the May 4 Marion wreck that killed Robert Harrill accidental. Harrill, in Brown’s car, died en route to Marion hospital after a collision near Glenwood. Brown had been held for appearing at the resumed coroner’s inquest.
The Piedmont Boy Scout camp at Lake Lanier near Tryon will open soon. It serves troops in Cleveland Gaston Lincoln Rutherford Polk and other nearby counties and has funds from local citizens to maintain one of the Carolinas best camp facilities with ideal grounds and extensive activities.
Union Mills May 13. Brittain school closed Friday night May 2 with a good commencement program. Five children graduated from the seventh grade and plan to attend high school next year. Brittain closes as one of the best schools in its history. All students praised Mr Hemphill, their teacher.
Standard Oil Company of New Jersey proceeds to sell the Harris Oil Company assets at auction on Friday June 6 1930 between 12 M and 1 P M in front of the Court House Door Rutherford County. Selling includes pumps equipment tanks trucks merchandise accounts receivable leases and all related rights and interests except cash on hand and in banks.
Harris Oil Company property includes five tracts at Lake Lure and additional parcels in Rutherford and Buncombe counties. Deeds span 1924 to 1927 with several tracts subject to prior encumbrances from Building and Loan Associations and the Federal Mortgage Company. Sale by receivers set a minimum five percent certified bid with court confirmation.
Two carloads of live poultry shipments totaling 1400 birds crossed county lines from Lenoir to Burke. Farmers report their flocks as free from the disease after cooperation from eleven cooperating producers. Authorities accredit the shipment as disease free.
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