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WHO WRECKED THE BANK? ET this fact stand out above all the excitement of the past week: P. H. Williams. the so called "great financialNwizard". was responsible for the wreck of the Bank & Trust Co. Mr. Williams is not so smart he lacks that fundamental quality that makes for good citizenship. community interest. Mr. Williams has not built for Elizabeeth City: he has built for self. Selfishly he invested his own money in the stocks and bonds of outside corporations. He advised and encouraged others in the community to do likewise. And it was this money that might have remained in Eilzabeth City to work for the upbuilding of Elizabeth City that was withdrawn from the vaults the Savings Bank & Trust Co., leaving it moneyless. Mr. Williams is not so smart. By his own example and advice he accomplished the undoing of the financial institution which he headed. Short-sighted Mr. Williams! These rich men who invest their money in stocks and bonds are as undesirable citizens as the miser who hoards his money in an old sock. Mr. harles Blades. a Mr. Pat Villiams and any one of a number of other so called big men of this town are not worth half as much to the Lown as the laboring man who puts his savings into a good sound bank where they pay him a fair rate of interest while working for the community in which he lives and upon the prosperity of which he depends for employment. P. H. Williams has been an evil and vicious influence in the community. Let that statement sink home. Mr. illiams instead of building up his bank and building up the community's resources. has been one of the most powerful influences at work to drain the community of needed cash. And he ceeded in wrecking his own bank. He wasn't SO long-headed after all. If all the money in this community were invested in foreign stocks and bonds. Elizabeth City and the Albemarle would be utterly bankrupt. It is the money that is kept at home that is the money in local circulation and that builds homes industries. It is fortunate for Elizabeth City that the strength of its oldest and largest bank was subjected to a gruelling test in last Friday's panic. The First & itizens National Bank has long enjoyed the contidence its home people that confidence has been immeasurably strengthened by what happened here last people never put their money in banks before are bringing their savings to the bank that has proved its strength. Money in a good bank is better than money in a bond: it isn't easy to a bond when you need the money and it often happens that the bond for which you pay $100 may turn out to be worth much less than that when you try to dispose of it. lot of folks in our town are holding to-day for which they would be glad to get $75. In these terrible times the community ithout a considerable cash reserve is inviting bankruptcy. Keep your money in your home bank and encourage your friends and neighbours to likewise.