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BANK PAYS DIVIDEND TO ITS The Bank of Kelford, which closed its doors about the time the Bank Ahoskie suspended, has paid its depositors percent of money deposit in the bank closed. Payments were the Corporation The bank has liquidated by the which named Herbert Paschal, Roxobel, as liquidating agent. In addition to the amount depositors the bank has paid preferred and secured against when suspension necessary last January.
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One Year $1.50 Six Months .75 Three Months .40 All Subscriptions out of the Roanoke-Chowan Section $2.00 Entered as second-class mail matter February 25, 1910, at the Post Office at Ahoskie, North Carolina, under the Act of March 3, 1878. THURSDAY, OCT. 2, 1930. the need of closer supervision of hydro-electric power companies, fast becoming gigantic corporations extending over great areas and to a large extent controlling industry and shaping the habits of people in the homes. Since Governor m brought the subject to the fore, investigation after investigation has been started and prosecuted. The latest investigation announced is that to be made by the Federal Trade Commission of the alleged "stock watering" of the Carolina Power and Light Company. Two North Carolina congressmen having died within a week's time, their bodies are not under the sod before speculation is rife and claims are made by friends for their appointments as successors to the positions. Politics makes us all do strange things and anything seems to be premissable in the name of politics. Ahoskie's citizens, not having been convinced there were real reasons for any such action on his part, are proud to learn that Councilman H. S. Basnight, dean of the town governing body, has reconsidered his resignation of last week and stays on the board. The Bank of Kelford, of our sister county, has paid its depositors twenty percent of their money on deposit when the bank closed in January. Stockholders and depositors in the local bank, a suspended business along about the same time, have shown an unusual spirit of tolerance and confidence in the management of the bank's affairs during the eight months period.