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Sharp Reduction At Blytheville Electric Rating Plans a Merger Citizens Will Be Saved $15,000 Per Year Besides Sharing in Other Benefits Statement Affairs Will Says Be Consolidated With Farmers Bank & Trust LIGHTS CITY NOW ONE BANK FREE STREET Outstanding Example of the Remaining Bank is Amply Wisdom of Municipal Protected, Arrival of Extra Funds Ownership Plan Jonesboro Sun, With the Christmas lights, which free the city by the are municipally owned City Water & Light Plant to blaze and transform Main street and court square into maze of beautiful colors, Jonesboro has two reasons rejoicing because light plant announces another reduction in lighting rates which will mean saving of $15,000 yearly to the people of the city comes as the light plant's greatest Christmas gift to The new rate cut the fourth in the last four The last reduc years tion was made last February consumption of electricity here and the efficient management and operation of the plant enabled the board at meeting to vote for the new lighting rate cut Manager Lloyd has proven himself highly efficient in every worked out schedule of new rates that will save the consumers $15,000 yearly Submitted to the beard action of approval came quick The new rates are effective on bills payable after January 15, stated For residence lighting. the rate on the first 35 KWH drops from 8c per KWH to 7c per KWH For lighting the rate on the first 100 KWH per month drops from 8c per KWH to per KWH will deeply appreciate the reduction and consider it one of the greatest Christmas gifts that could be made The success of the City Water Light Plant known and wide Jonesboro is pointed out as an example all over America of the benefits that municipal ownership offers The rate cut will not prevent the plant giving the same free sewerage disposal, free white way and street lights free fire hydrant service and many other great civic helps learned that lighting rates at Nettleton will be cut proportion to the reductions here They will drop to 8c on first 35 KWH on residence lighting and 8c on first 100 KWH, on commercial lighting Christmas lighting of the streets in Itself great achievement and in conjunction with the rate cut The decorations are the most artistic ever had and the lighting that the people of Jonesboro will view will delight everyone It was learned that improvements in water mains that will call for an expenditure of $30,000 in the next year will be made The general water main system all over the city will be benefitted and additional fire protection will be Blytheville, Dec First National Bank of this city failed to opeH its doors this morninz and an announcement was posted on the institution's door reading "closed pending merger with The Farmers Bank Trust Company. which the only oth bank in Blytheville Officers of both institutions conferred this morning. it was stated Telephone Report report reached this city this morn. ing that the First National Bank at failed to open its doors this the institution having been closed for adjustment or liquidation. The other bank there, the Farmers Bank Trust is said to be in excellent order and entirely capable meeting all demands of depositors The report said that quarter of million dollars sent there from Memphis to protect the latter institution through the crisis, in event additional funds should be required. However was reported that was capable of withstanding the disturbed condition without that The First National Bank, which failed to open this morning was one of the oldest banking institutions Mississippi county. was capitalized at $150,000, with $40,000 surplus and said to have carried deposits of approximately million dollars at the time of closing its dors Saturday The institution was charge of E. Scott. cashier; A. Little, active The first information of the bank's closing was telephoned here this morning by Harry Kirby. formerly of this city, who, with his brother Elton Kirby, two drug stores in Blytheville. One of the drug stores was patron of the closed bank. Elton Kirby the message said, in hospital in Memphis where he underwent surgical operation the latter part of last week.
