First National Bank (Roxboro, NC)

Article Text

ROADS ASSOC. MEETING

Speaker Would Have Build Roads

Oct. 18. time the federal should provide funds to build, construct maintain interstate highways without Kirkpatrick, Charlotte, president of the United Good Road Association, opening annual convention of the organization today. "Highways logically divide themselves three groups," said Mr. Kirkpatrick, "national interestate, intrastate and lateral or communal highways. national system should built largely by national funds, state highways by the lous states and county roads by the taxpayer." Mr. Kirkpatrick advocated tional license shoud government find itself unable to appropriate the $2,000,000,000 needed for highway construction for next Failing in he said for purposes should be complete national system of Total expenditures by state high1930 for road building to Mr. per increase Kirkpatrick reported. He said 2,393 miles highways faced than the year and that present state lous year systems include miles, surfaced.

CURB MARKET NEW YYORK, Curb traders returned today. small volume market accumulated over the selling weekend and the result extended depression prices, mild although the chief characteristic the trading was its dullness. Volume contracted sharply on downward movement and the slow through the earlier transactions reduced well below hours levels. Losses were largely Electric Bond Share, Middle West Utilities, Consolidated Gas Baltimore American Gas Electric heavier most power light holding company sagging point other the clines in same group amounted mostly Several blocks Cities Service cessions. Oil couple points and Oil of Ind. part week's rise. Ohio Standard and Plymouth slightly heavy. Great Pacific dipped nearly half dozen points in selling then America reacted below 80 before found support. Ltd., backed the trend other priced specialties toward lower levels. the curb Call money the per vance on the big board.

KILLS FATHER; SUICIDES NEW YORK, Oct. 13. pressed the recent death his mother and his father going marry another woman, William Feinbaum, 25, killed Aaron, yesterday turned the weapon himself near Point yards the New Haven William died few minutes later.

ROXBORO BANK CLOSES Oct. The First National Bank Roxfailed open for business yesterday and on Bank was checked when its president, made speech reassuring depositors The First National Bank capital of listed $662,331.51 and deposits

King. spent days Washington visiting Mr. and Mrs. Howard and the guest for several Mrs. MorrisNew

Article Text

Roxboro Bank Fails to Open

The First National Bank Roxboro. failed open for business yesterday the People's Bank checked only when Long. made speech reassuring The National Bank had capital $662,331.51 and deposits

Article Text

Actions to Collect $3,200 Started By Bank Receiver

Suits for the collection combined total clared due bank stock United States here Lifsey, the Tuesday First National bank, Roxboro these, the amounts sought, being as folMary F. Morton. Mrs $500

Article Text

DISMISSAL OF LEGAL SUIT

Bank Receiver Claims Plaintiff Has Failed to Establish Cause of Action

Declaring the plaintiff has failed to make out cause of action in its complaint, the defendant in the action of Lifsey, receiver the First National bank of Roxboro, against Mary F. Morton, filed demurrer in United States court today and asked that the action be dismissed. The plaintiff has instituted action to recover judgment for $1,300 the assessment shares of stock in the defunct Another defendant in an action by Receiver Lifsey recover stock assessments filed an answer the complaint. This was by Mrs. alleged owner two shares stock in the Roxboro bank. In the answer the defendant denies certain of the but admits that August, 1929, the defendant received from the executor of the estate of relative two shares; that July, 1931, the defendant went the bank and asked that these shares placed trust for grandson, naming the child's mother trustee: also transferring five other shares the People's bank Roxboro about the same time. By the bank error, ficials transferred the stock direct the grandson, and the defendant pleads the error the bank officials bar to recovery.

Article Text

FILES SUIT AGAINST PERSON TREASURER

Bank Receiver Seeks Recovery of Certain Notes With Face Value of $11,193.

Suit for the recovery of certain notes having combined face value of $11,193 has been filed in United State district court by W. P. Lifsey, receiver of the First National bank, of Roxboro, against S. B. Davis, treasurer of Person county.

As treasurer of Person county, it is set forth in the complaint, the defendant deposited county funds in the First National bank, of Roxboro, and the bank delivered to him certain notes and securities to indemnify the county against any loss. Later a federal bank examiner, it is averred, found that those papers did not belong to the Roxboro institution but had become the property of the Federal Reserve Bank of Richmond, and the defendant then released the securities to the First National bank, of Roxboro.

The plaintiff alleges that without authority to do so the federal bank examiner in charge of the bank then, following its suspension of business, and Frank C. Boyles, receiver of the bank at that time, turned over the notes in question to the defendant. Such a transfer is declared by the plaintiff to have constituted "an unlawful preference."