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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 03, 1916
Page
10
An advertisement urges readers to start saving at a conservative bank. It promotes savings accounts from one dollar, with interest compounded quarterly at 4 percent, effective January 1. Deposits made by January 5 draw interest from January 1 at 4 percent per year.
Promotion for a savings club inviting readers to join and save weekly for fifty weeks starting January. Examples show 10c weekly yields $5, 25c yields $12.50, 50c yields $25, and $1 weekly yields $50 plus interest, with December lump sum payout. Encourages using own money for gifts.
Lawrence Phillips a thirteen year old was charged with entering Bethel Reformed church parsonage stealing a book and communion glasses. Judge Dalton sentenced him to attend Elm Street graded schools daily this spring with a doctor’s note if ill. His father agreed to ensure regular attendance.
Judge T J Shaw dismissed the habeas corpus petition for Charles Hand and ordered costs paid. Hand was released in Greensboro Saturday afternoon after prosecutors claimed to hold him until 1 am for failure to waive costs, though officers could not confirm Hand was wanted in Richmond for felony assault. The court ruled the arrest for an assault in High Point legal, and Hand's escape from Richmond hinges on unidentified information. The presumption is Hand left Greensboro after release and may be involved in further trouble.
A city week of prayer for peace continues with nightly union services at different churches. Tonight at First Reformed Church Dr. Gilbert T. Rowe and Rev. P. D. Brown speak briefly on peace and unity, followed by extensive prayer for end of the European war.
In Baltimore Cardinal Gibbons ages 81? preached at high mass then hosted a public reception at the archbishop’s residence. He spoke on The Universality of the Catholic Church and noted the Vatican Council defined papal infallibility, calling himself the youngest bishop present and now the sole survivor. Our Home Bank announces extended hours this week for the New Year Savings club.
The High Point Humane Society obtained a warrant for Ump Barringer for cruelty to animals. He allegedly led a horse by a rope tied to a moving vehicle, causing a severe leg injury. Barringer, known as Amp, faces trial in municipal court tomorrow on negligence charges.
The firm Parnell and Maynor consisting of C H Parnell and C H Maynor dissolves with Maynor buying Parnell’s share and assuming all liabilities. Maynor will collect and retain all accounts due. Dated January 1 1916 and signed by C H Maynor and D H Parnell.
O E Kearns and partners outline a 1916 saving program with three classes A B and C offering 25c 50c or 1.00 weekly deposits at 4 percent interest quarterly. Regular savings bear 4 percent interest. A new quarter starts January 1 with deposits before January 5 earning interest from the start. One dollar opens an account with a self recording saving bank.
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