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NATIONAL BANK STUDENT Rumor of Bad Condition Causes Small Run and Bank Examiner Takes Charge. Not More Than 25 or 30 Voted In Recent Election and They Were Qualified. HAD MUCH SLOW PAPER INQUIRY UP TO PARTY (Special to Daily News) Dunn Nov. action taken last night by its board of rectors the First Bank of Dunn failed to its open doors for this morning, has placed in the hands national examiner. The action taken after small run developed yesterday afternoon that gave promise of reaching larger proportions the opened this morning. First National bank, one of the several banks in this part of the state caught in the failure of the bank in operated by the Coopers several ago, having part its tied up in the failure the Wilmington bank, has struggling overcome its Since taken over by the present management its losses have been practically according information affairs have been wisely and safely administered. In the year its struggle has against odds, following run which developed early last spring. which was able to recent examination of the bank. however, revealed bad paper, which was brought over from the stressful period just to the The capital. comptroller the under the bank operated. advised that the bad be taken paper out, even became necessary assess the stockholders for the amount essary take the doubtful paper. Acting on the advice of the tional bank examiner the directors of the First National planning organize be known the Citizens National assess stockholders old take over liquidate its affairs. The (Continued On Page Two.) Forecast by States. ginia North Mostly cloudy Thursday and Friday: warmThursday South Fair and somewhat warmer Thursday: Friday cloudy Georgia: cloudy Thursday and Mostly cloudy Thursday and moderate northeast and Alabama and extreme northwest Florida Cloudy Thursday and Friday, probably showers Friday: mild temperature. Missipp Mostly cloudy and probably occasional temperature. Thursday Friday Thursday fair, Friday partly partly cloudy partly cloudy Thursday Friday fair: Friday. Junius H. Harden. of Burlington. who opposed Major Stedman for Congress from fifth district. convinced that there was no irregularity voting the of Unipart versity North had been that Republican leaders had that 300 to 400 had illegally the Democratic ticket. After investiga25 to 30 students voted. and all appears them were qualified. Harden. letter to the Daily News that after he received report of alleged ties he started investigation through his friend postmaster Chapel Hill. Mr. Hernwrote Mr Harden the following: the Republican pollholder here, that not than 25 30 students voted the Mr. Sparrow was sistant for years has with the Bank Chapel Hill the postal service. He has been daily contact the and townpeople and probably knows more nearly all of them than man here. Mr. personally checked the name every voter-as they voted-and he not believe that single student was legally Mr Sparrow's integrity and ability are beyond question and he 100 per Republican.' said Mr. apparent that my first information was and what publicity has been to this has reflected in any way upon any person. wish by the publication Mr. to make due for any hurt that has from the publicity given to the which seems. from Mr. Herndon's viewpoint, have been unwarranted and unjust." Mr. Harden further in ter, am passing the informacoming along the ficers in the organization my po litical and be hands of my party Reports irregularity which Stedman was returned margin more learned yesterday the tigation other Some the opinion will while others surprised precincts in the district.
