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First National Bank At Dunn Closed Up
Rumor of Bad Condition Causes Small Run and Bank Examiner Takes Charge-Had Much Slow Paper.
Dunn, Nov. 19. Following action taken last night by its board of directors the First National Bank of Dunn failed to open its doors for business this morning and has been placed in the hands of a national bank examiner. The action was taken after a small run developed yesterday afternoon that gave promise of reaching larger proportions if the bank opened this morning. The First National bank. one of the severa kg in this part of the state in the failure of the bank operated by the Coopago, having part flex up in the failure of k. has been strugits losses since 19. vas taken over by the gement its losses have been really negligible, and according to all information its affairs have been wisely and safely administered. In the past year its struggle has been even more against odds, following a run which developed early last spring, but which it was able to weather safely A recent examination of he bank, however. revealed sufficient bad naper. practically all of which was brought over from the stressful period just following 1920. to impair the capital. The comptroller of the currency, under whose department the bank operated. advised that the bad paper be taken out. even if it became necessary to assess the stockholders for the amount necessary to take up the doubtful paper. Acting on the advice of the national bank examiner, the directors of the First National were planning to ganize new bank, to be known as the Citizens National bank, assess stockholders of the old bank, take over and iquidate its affairs. The plan had been instituted quietly. and up to last night more than $40.000 of the needed $50,000 capital for the new bank had been subscribed. Information conerning the move leaked out yesterday morning, depositors became paneky. and the run developed yesterday afternoon. necessitating the action taken by the board of directors.
Harmony Loses to Barium Springs
The strong aggregation from Harmony High school lost to Barium Springs, 13-7, in Thursday's game at Barium Springs. Barium was unable to make any gains through the Harmony line ,so they opened up everything they had in the way of an aerial attack and in this way they managed to push over two touchdowns before Harmony scored. Things looked rather gloomy for Harmony, for at the end of the third quarter they hadn't managed to score. But they were gaining ground at every play. Harmony made big gains on practically every play they tried through the line. At the beginning of the fourth quarter, Harmony opened un her superb aerial system and Bohannon carried the ball over for touchdown in the last minute of the game. Harmony registered the extra point on pass from Fouts to Byers. You can't get around the fact that Harmony played a real game of foothall. The Harmony boys suffered severely from penalties, being penalized seventy-five yards to Barium's ten yards. This game ended the football season for the Harmony boys. They were entertained at a hanquet Fridav night riven in their honor by the Teacher Training department of the Harmony High school. This has been a very good season for Harmony. Out of the nine games played, Harmony has won five, lost three and tied one. This is not 80 bad when you considr that they have played some of the best high school teams in the state. Two of the games lost were with high schools who are still in the state hampionship race, Statesville and Mt Airy. Through the season Harmony has struck some good sports and some bad ones. Probably the best sports were the crew from Statesville High school. And here's wishing you luck the State Champions hip Series. For several of the games, Harmony had Captain Jerry Moore, Walt Bohannon, Warren Thrift, Atwater and several others out on account of injuries. All first string players. at Plans are already underway Harmony for the best football team out next year. Practically the same team will all be back for one or two more years playing. Coach Fouts and Mr. Long for the interest they have aroused in football at Harmony. The schedule for the season and scores are as follows Harmony 31: Mt. Park 0. Harmony 18: Mocksville 0. Harmony 0: Statesville 26 Harmony 6: Winston Orphange 6. Harmony 7: Davidson-Cornelius 0. Harmony 0: Mt. Airy 41. Harmony 7: Troulman 0. Harmony 6: Mt. Park 0. Harmony 6: Barium Springs :3.
If all the motor cars in the United States were placed end to end it would be Sunday afternoon. Arkansas
