davidaulloa/AmericanStories huggingface dataset:
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12

southeast corner ot the southWos.
southeast southwest Of ll-26-N, is
drill.ug at 800 feet
Some company's SO. . in the cen
ter Of The west line, east half. west
naif northeast OF l2 -2t-N had a show
of oii az 730 feet
Cclcstuc oil no I'm the south
east corner, southwest, southeast
southeast goo has hole fun Of
water az 2,531 feet total depth.
Carter OH companys 40. located
iu the center uf the south line, nor b
cast Of l5-2i-S, is drilling at $500
feet
Marland Refining company 40
iu the southwest corner " the north
west OF lt-2i.S Is drilling at 2.oNi
feet
Guffcy Gillespie has q rlg up for
his No 1 in the southwest corner ot
2S-2A-S
Carter Oh company SO. o ia tn-
center OF the Wc-tt tNuc, northwest
OF 26-2l-S, estimated at W barrels
after 30O-guart shot. total depth
4,32S feet Estimated at no bar.
lcls OF Na'urNl during first - hours
after the shot
Foster a Nurwoods 40. - in the
center Of the south line, southeast OF
.a-2i-N. was estimated at 215 bar.
rcls during he first 2i hours after
p shot of 29O quarts. sand found
from 1000 to 2l25 feet Total
depth 2121 feet
Foster a. Davis 80. 4, located IN
tsc northeast corner OF the north
west OF li-25.9. estimated 40 barrels
after "a 5O.Quart shot IN sand round
I F. lea
the northeast corner of tho south
east. uorthens., southwest, same sc..
tion is a rig
Same company's 80. ~, located IN
tho southeast ooucr " thc south
wost, southeast souihcft Of 25-25-H.
estimated from 500 10 Zoo barrels OF
natural during tho first - hours
after the shot in sand found from
2,00g TO 2.0ll feet. Total depth 2,0lI
feet.
g. Is Drdsscrs No. I, located in
the southwest corner of 3i-2j-y. os.
timatsd produced 10 barrels Of ma
tural first - hours after the shot
| Total depth i.5A0 feet
Mulvaue on compauys No. 2. To-
Gated In tho center OF the southeast,
southeast southeast 35-25-9 reached
| the top of the sand from '2,0S2 to
2.105 feet Hole standing with 1900
| feet of oil, viii shoot,
Indian Territory Illuminating
company's No ~, located In TIE
northeast corner Of the uurthwes.
northeast, northeast of 36-26-g pro-
! duced 200 barrels after shot OF 40
| quarts Sand found from t,gS5 TO
| 2,02l feet Total depth 2,O2S feet.
Carter oil com pany is fishing for
! casing In their NO. /, located In tho
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12
Back-Ache
Timber Up With Penetrating
= HamlIn's Wizard OIL

s harmless and effective prepara-
tion 10 relieve the pains OF Rhcuma-
tism, SCiatica, Lame Back and Lum-
hsgO is Hamlin's Wizard Oil. II pen-
etratcs quickly, drives out soreness.
and limoers up siff. aching joints
and muscles.
You have no idea how useful II
viii be found in cases Of every day
ailment or mishap, when there IL
need Of an immediate healing, anti
septic application. as in cases OF
sprains, bruises, cuts, burns. bites
and stinEs.
Get II from druggists for 30 cents
II not satisfied return the bottle and
get your money back.
Ever constipated or have sick
headache? Just try Wizard Liver
Whips. pleasant little pink pills. 80
cents. Guaranteed.--AdyL
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12
KIDDIE'S GROUP
MUST BE CHECKED
DR.. Kings New Discovery Will
Do That Very Thing,
Easily and Quickly.

ONT say, poor little youngstor
- wish | knew what 10 do for
you!'e Just give little Dr.
Kings New discovery as directed
and tho croupy-couEh won't ljngar
A cold Is not 10 hc fooled with. Gct
after 1t at once. Loosen the coURc4-
tion, the phlcgm -s,uffIness. and the
hrOat-toriuro.
A family remedy Tor colds, coughs,
grippe. and kindred attacks IiGy
years a friend TO cold-suffcrcrs Fifty
years OF highest quality. soc. and
Sl.2O bottlo-ail druggists.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12

IiHuf, ,1hl'n'nlht N". 'N.'i.
located lu TIA" northwest cuth'l OF
The southwest southwest o. %.
shutdown al ..Iho t"'l No. 3. tDh.
ted lu ihr ''Ni'r nl mo west I'h'
southwest u"rihchHl '.l' .l'. mas 90
r'r uN
T. II DcVoll has u RIG up for SO
T. ~ Grew. located iu the northwest
corner southeast I9-l1.lG.
tII,b,r,, bu ,pp,uup,.s N.n r
si,v,r r rn, ,nutI,,,st r,ru,r of
th. unrtn,y,st of o1.t9tt iu drim
mo pt .l5p foot No a tocutcl m
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12
OlInnigcc County.

Independent No. ! FUNK. located
ia the ccu,,r of the west line. north
west southwest 7-l2-12. found tho
sand from 1896 to 1910 feet, Eosu-
mated at 30 barrels after the shot.
30. . located in the northwest cor
lncr Of the southv est, same section,
A q rig mp.
CoSdou on and Gas company's
No - Atkins located in the center
uf the scdth line northwest north -
east 35-l3t'2, found the sand from
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12

Tho INanpla oil and Refining Com
pany has made a location and Will
rrlll test In the northeast Of the
northwest OF the northwest OF soc
ton a. township 20N. range az,
pawnco county. This was mistak
only reported yesterday as I'm Soc
ton 20, same township and range.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12

KANSAS CITY. March 11-Cash wheat
steady to &c higher, No. hard 81 IS n
. Ga: No. . s244m262: No. l red S249
0250; No. 2 S2.47.
Corn steady to 1c higher: No . mixed
s15I@1.52; No. Sl47mi.4s; No. ,
white $l.53 a ] 81, No. Sl5l n i.52 No.
yellow 81 54m .5S; No. 3 Sl.53.
Oats nominally unchanged No 2 white
% a oOh; No. mixed s7ds9c; No. :
red g0c a 81 O5
Rye 81 6S a / 60
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12
Kansas City Provisions.

KANSAS CITY March ll--Hogs-Re-
ceipts GOpO head market steady to 25c
lower. bulk SlBgOdlJ 90; heavies Sl3 so
dl42i: mediums $l425m 1910. lights
Slf75m151O; pigs Sl2 OOn 1850.
Cattle-Receip 5000 head, market
steady 10 25c lower choice heavy steers
Sl3 sO6l4sj: medium $l9.OOMl3.5O;
common $40 25Mll 90; choice lights
Sl2. .ouN 1890; common 80 o0H 100
butcher hcifcrs S725G1225; COWS S7.O0
Oils: Gamers Sa.2jd7 90: calves
St3 75Gil5I5O. feeders $500 "a l2,55 !;
stockers ~ OOm II so.
Sheep Receipts & 500, market steady 10
25c lower: lambs $4,000 1900 culs
OO6ItAO. yearlug wcthcrs $1,000
I725. owes s11. gjHitoo; cnls Sj.25G
If 40 breeding ewes 80 jo@i5oo, feeder
lambs $l4T5d 1878.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12
At Oknitilgpc

Tho Twin states OH Company
have lost their lease In tho north
east Of 2S-li-11 They delayed ia
starting their well and only got 60
9O0 feet whom they had 10 pull out
Tho Kimberly o. 4 X. Company's
test IN the west line. southeast.
southwest of S-13-t1. is dry and
abandoned at 1890 feet
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12
AZ IIcnldton.

Magnolia Petroleum Company's
No. Ilutchins located IN the
northwest corner vt the southwe4t
southwest OF 30-is-lw, Is drilling at
Empirc Gas ana ruc, company's
40. . Wilson. located In the north
cast corner Of the southwest, north
east of section 3t-2s-3w. is fishing
at 2,2SS feet. Flowing about / 70
barrels
Carter oil company'n 40
Woodruff In the southwest corner
OF 15-is-2W Is u rig W
Gypsy oil company's No. / Car
pcutor located in the northeast
corner OF the southeast OF 1-4s-2w,
ls drilling at 200 feet Same COM
pany9 Ne. | ward In the northeast
corner Of the southwest northeast
southeast 2i-is-2w. found the sand
from 1,gl1 To- 1876 feet, Estimated
at $50 barrels of natural
WoycI Inc on conu1ny'A No |
billiard, in the southeast corner OF
the southwest southwest southwest
~ 22-4s-2w. IS runuinG the sand
shoe NJ 2,06s feet.
No located I'm the southeast
corner of the northwest southwest,
estimated at 500 barrels Of natural
Fin sand found from 1879 to 1884
feet. NO. located IL the south
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12

NEW YORK. March ll--Copper quiet (;
elecToytic spot aud nearby 1874 a isA /;
second quarter is u "a 10.
Iron firm and unchanged,
AnUtimony ] $50.
Tin firm spot 6aO0; April May $500,
Metal exchange quotes lead quiet; spot
and March 925m $50: zinc firm, East st.
Louis spot s.75n 500.
At London Standard copper spot 10S
Ia sd futures III l5s; olectrolytic spot
rs; futures 100 tin spot 3s7 i5s; fu.
lures 3g2 i5s lead spot 40 5s futures
81 l5s; zinc spot IS futures So
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12

NI>tltAB WELLS March o-Tho
Empire cas- a Fuel Company % VOL
ON the Wheeler lease seven mil'a
south ~ Mineral wells blow iaclf
n Saturday ana is flowing by heads,
estimated at 500 barrels.
The well is about 3.S0O feet down
and drilled one foot in the sand
This is purely a wildcat we'll, open
Wg up % large territory. hundreds
of people Waited tho we'll TO-DAY
l.DJar Iui royalty buyers are bury
and excitement is running hiEh.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12
knnon OH aud refining Dcclar,S
Dividend.

\ recent meeting of tho trustees
of tho karn'u oil ana Refining Com
I1uN thot declared their second
quarterly dividend Tho first quar-
t,lIN dividend OF three cents per
share was paid last January. The
dividend iust declared was four cents
per share ana is To be paid on sharca
NJ record ts ~ March a,
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12
Laberty Bond CLOSING.
Cottonseed Oil

NEW YORK March II Short and buy.
ing which looked like refiuers inspired by
higher sterling and commodity markets IN
general lifted cottonsoed oil 50 To a. points
early, but realizing sales near the close
found few takers except at material re-.
cessions. Closing bids were generally ur.
changed 10 points net higher sales 90
500 barrels Prime crude sls 90 asked (;
primo summer yellow spot $1,000; May
S2O2l; July S2O5O, October Sl9.27,
prime winter yellow and summer white
nominal
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12
Bowels on Schedule Time

tho bile flowing freely. The for
menting body poisous eliminated
Dr, Kings New Life Pills make the
bowels function regularly and keep
the system cleansod OF gaseous inn
purities. 2jc. a bottle, all druggists.
-AdVt.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12
I,.NI-A Producer

WICHITA FALLS March a.--1nc
Humble OH n Refining Company
brought In It's second producing well
I'm the K-M-A field today. The well
IN making 200 barrels II is the first
producer IN this district since the
discovery of the original woll.--Fort
Worth Record
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12

Tho Atlantic Petroleum Com
panys No. ! In 6-i0-12 produced
l0 00o GOO feet OF gas In sand found
from / 900 20 1880 feet. Well win
be shut In for gas
Tho Kingwood No. in the south
west. southwest, southwest OF 5-10-
12 has "A rig on the ground.
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12
Chicago Grain.

CHICAGO. March 1l-Wheat No. 3
northern spring 81 az: No. 3 mixed S24J.
Corn No mixed $3.50 l.53'4 No. o
yellow : 81 a IS y
Oats No. white 91h ao2Aci No. >
white 9ok M9lNc,
Rye No. Sl.74ta d17iA.
Farley Sl3sMl.G9
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12

Tho No. o, WEIGH. located I'm the
northwest porner Of 13-lG-12, found
tho sand from 2,32i to 2,3al feet.
Estimated at 15O barrels after the
shot Of 80 quarts.
MinnchomH OIL company's No. 2,
Wclch. located IN the southeast cor
nor of the northeast Of 1i-l6-i2 cs-
timated nt $50 barrels In sand found
from 2,32S to 1855 feet. Shot with
90 quarts.
sullivan OH g. Gas company's No
2. Mcintosh In the southeast corner
of the northwest OF 27-li-S, es-
tlmatod at I75 barrels after ibO'
quart shot In sand found from ans
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12
Al IIOIniny,

Hominy, Okla, March i0.---Gypsy
well No. 90. Section i-2l-7, the ilos-
ton Fool, makes tho biggest come
back yet recorded In the limestone
Osago oil fields. Its flow since
Tuesday morning " estimated at
between 5000 ana 5000 barrels per
day II was a fair producer from
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12

Ohio cities No / Running fox, In
tho northeast corner of the southwest
Of the northeast OF 6-tO-6 is flah Ing
for caslng at 3,23i feet.
Magnolia Petroleum conn pany's No
|, Corins, I'm the northeast corner OF
the northwest of T-1g-b is fishing for
tools At 1900 feet
RoNHru Petroleum company's No
2 Raymond. In the northcRst corner
~ the southeast northeast l3-lg-b.
Is pulling big pipe AT 3.520 feet. No.
g located IN the southwest corner Of
the northeast northeast I3-I9-5 IN
drllhnE at .592 feet Well flowing
lcO barrels. Same companya No.
! Heggar. In the northwest corner OF
rho southeast S-t9.G, plugged back
10 3,09S feet Shot with 80 quarts
lnd Will shoot again
Carter OH companys No. Bert
man, located In the northwest cor
ner of the northeast southwest OF
1896, estimated at 80 barrels
after 20-puart shot
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12
Fnrt Worth 1--we STOCK

FORT WORTH, Texas. March II Cat.
tie 1000 head; market 25c lower; beeVes
So OOM - 35.
Hoes-Reccipts 1000 head, market
steady. heavy Sl42jN 1880.
Sherp-Rrceipts $50 head; market un
changed lambs Sls.5Odl95O
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12

Creamery &c higher hrsis o2t. seconds
SOC packing unchanged
Eggs current receipts l5c lover per
case. tl2lO: ftrsts tc lower sc
Poultry Hens 10 higher 35c, others an
changed
Potatoes higher. g. 2jm5s5.
New YORK Money.
NFW YORK March ~ Mercantile
psper s y n6A exchange strong. sterling
30 day bills s. 81. go day commercial bills
on banks ~ 70 commercial to DAY bills
s37lL demand s37t. cables 81 17Bl.
Francs demand 1892 cables 1880.
Belgian francs demand Si2 cables
10
lire demand Il a.. cables l7I0
Marks demand I 80. cables 1.Ii
Government bonds irregular, railroad
bonds strong
Time loans strong 90 days 90 days and
6 months sis per cent
Cal money steady high Z low z rul.
ing rate z. closing bid ~ offered at & 4,
last loan Z bank acgcptbnces q.
Bar silver l.G1; MEXICAN dollars p2is
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12

Kansas City Provisions.
lNSAS CITY. March ll.--Buttcr. .
The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-03-12

maize s. 20a23E. '"
The independent. [volume] (Elizabeth City, N.C.) 1908-1936, 1920-08-27
TAX DODGERS
DIDN'T like IT
That Saunders Amendment
Threw a Chill Into Every
Tax Dodger in
Carolina

Repre- sentative Saunders of fasquo-
tank threw a bomb into the tax dodgers
in North Carolina last week when he
introduced publlitI amendment to
Section 9 of the new Revenue Act. Sec
ton 8 provides that my person, firm,
or corporation may r1AN ar appfeatlon
for reduction in the valuation of their
property, with their Board of County
Commissioners. Now everybody knows
what boards of county commissioners
everywhere will do with the Revaluation
Act if it is left to their tampering.
Very few people in a county know
What goes on inside a board of COM
missioners. There are in every com
munity a few big tax payers who make
it their business to know how to ap-
proach and influence the commissioners.
The Saunders Amendment was design
ed to put the public on guard and give
publicity to every unscrupulous tax dod-
ger. The Saunders Amendment read:
Amend by inserting after line s i'll
Sec. 9 the followings
"provided such person, firm or cor
poration applying for such re-assess-
ment shall first have published in some
newspaper in or nearest to the coun-
ty, oity or town in which the prop
erty to be re-assessed is located, no
tice that such re-assessment will be
asked for and stating in said notice
the value at which such person, firm
or corporation pIaces the property
for re-assessment; said notice to be
published for two consecutive weeks;
the form of said notice to be prescrib-
ed by the State Tax Commission; pro-
vided further that in case of appli-
cation for re-assessment of personal
property only, then notice posted at
the court house door for ten days
will be deemed sufficient"
Is it too much to suppose that every
tax dodger would hesitate a long time
to get his property undervalued if he
had to advertise the fact of the under
valuation?
The independent. [volume] (Elizabeth City, N.C.) 1908-1936, 1920-08-27
TO SELL VALUABLE FARMS

OF special interest to prospective pur-
chasers of farms near this city is the
announcement that the Jennings farm of
252 acres, and the X. r. Winslow farm
of 1O2 acres, both about 1-2 miles from
Elizabeth City, will be auctioned to the
agents for these farms whose page ad-
highest bidder here on Wednesday, Sep
,tember-> l. On the following day the
Joshua Davis farm of 16 acres on En-
ringhaus street, extended, adjoining this
CITY. and included in the city school dis
trict. will be sold in the same manner.
The sales will be conducted by Burton
Brothers, realty auctioneers of Wilson,
N. c.. and Twiford and Twiford, local
vertisement will be found elsewhere in
this issue of THE INDEPENDENT.
Band concerts will feature the sales, and
free gifts will be presented without OBJ
legation to those attending.
The independent. [volume] (Elizabeth City, N.C.) 1908-1936, 1920-08-27
SWEET POTATOES MOVE SLOWLY

Due partly to continued rains which
increase the difficulty of digging and
marketing the crop, and partly to the
comparatively low prices offered, the
farmers of Currituck and adjacent coun-
ties have made smaller shipments of
sweet potatoes this week than had been
expected from the crop outlook. Ship
ments of potatoes passing through Eliz-
abeth City during the week have ave-
ragged but II to Is cars per day, as com
pared with around 25 cars per day for
the preceding week. The price quota
tions hover around $3.50 per barrel,
with little indication of an early, rise
in price. There is still practically no
demand for inferior stock at any price.
The independent. [volume] (Elizabeth City, N.C.) 1908-1936, 1920-08-27
CLUB MEMBERS

Mr.. Oliver, State poultry club agert.
will address the women's and girls car
ming club picnic at the Old Fair Grounds
here Tuesday, August 81, upon various
poultry problems and their solutions.
The Lalley Light Company will give
demonstrations in electrically operated
washing machines and other valuable la
Dor saving devices of the home. Mis-
Marcie Albertson, county home demoT-
strator, will demonstrate the method
of cleaning Panama and straw hats.
and various canning club members will
give other instructive demonstrations.
Miss Albertson urges that all canniE g
club members be present, and that all
bring whomsover they choose to invite.
The independent. [volume] (Elizabeth City, N.C.) 1908-1936, 1920-08-27
TO RAISE RENTS
in CITY MARKET?
Meat Dealers Much Concerned
Over limitations That Stalls
Will Cost SIS a. Month

Declaring that an increased. rental
will compel them to raise the price of
meats, the butchers occupying stalls in
the City Market are greatly concerned
over an intimation by certain city Off
cials this week that the stalls in the
building, which were rented in open
bidding on Monday, August 10th, will be
put up at auction. for a second time at
an early date. The minimum rental on
meat stalls, which was $50 per month
when the first bids were taken, will be
raised to $75, and no bids under that
figure will be considered, according to
information received by the butchers.
With hides selling at eight cents a
pound, the butchers declare that if their
rents are raised they. will either have to
raise the price of meats or go out of
business. Maurice Pappendick, and w.
T. Love, Jr., speaking in behalf of the
butchers, say that with the present rem
tai of $50 a month for meat stalls, and
$13 to $40 for fish stalls, the Market
House shows clear profit of six per
cent or more after paying all expenses.
Here. is the way they figure it: They
state that the rental of the Market
House amounts to approximately 5000
a month, or 1920 year. Deduct from
this the interest of So, 400 year on the
$4,000 bond issue; the sum of 81, 800
for the salaries of employees: and 81 200
per year for operating expenses. total
of So, 100 a year. This, deducted from
the $4,000 rental, leaves an apparent
profit of $2,100' from the operation of
the municipal Market House
If their rents are raised from the pre-
sent figure of $50 to S75, the butchers
emphatically declare that the price of
meats to the consuming public must GER
tainly be raised in order that they may
meet the increased rental, since they as
sert that their sales do not justify the
increase in their rents They consider.
$50 a month a fair rental for the stalls,
and they present the figures given in the
preceding paragraph as proof of their
assertions. Incidentally, they call at
tention as proof of theirshrdleutapuou
tention to the fact that the people of
this city are still paying taxes to retire
the Market House bonds, and that the
city market was built for the benefit of
the people, and not as a profit-making
enterprise.
City Manager J. G. Commander, when
by a reporter of THE IN
Wednesday night, de-
clared that there was nothing to the
rumor that the Market House stalls
would be put up at auction second
time with view to increasing the rents.
However, local meat dealers are much
concerned over the report, and are ,anx-
ious that their position be clearly un-
derstood in the event that a move
should be made to raise their rents.
The independent. [volume] (Elizabeth City, N.C.) 1908-1936, 1920-08-27
JESSE IRVING AGAIN IN BAD

year figured in the trial Of Capt. Ben
Gaskins for bootlegging, has again~been
the scene of raid by prohibition Of
GERS and the local police. This time tie
vessel yielded haul of five gallons of
corn whiskey, and Capt. J. E. Gaskins
the skipper, was tried in police court
here Thursday morning upon a CHARGE
of having liquor in his possession. The
accused was found not guilty. Capt. j.
E. Gaskins is the son of Capt. Ben Cts
kins, who was fined upon simi' r.
charge here last summer, at which time
273 quarts of whiskey were taken FROM
the Jesse Irving.
The independent. [volume] (Elizabeth City, N.C.) 1908-1936, 1920-08-27
ELIZABETH CITY WILL
HAVE ANOTHER BANK
Trust Company With Capital of $500,OOO Charter
ed And To Open For Business in Few
Months

In order to meet the growing
financial needs of this city and
section, a new loan and trust
company will open its doors in
Elizabeth City sometime within
the next few months. The new
concern, backed by dozen prom
inent business men of this city,
has been chartered with an au-
thorized capital of half million
dollars, and a paidin capital of
100000, half Of which has been
subscribed since last Friday by
over 100 of the best-known
merchants and professional men
in Northeastern North\Carolina,
in sums ranging from $500 to
$1,000. Stock in the new COM
pany is selling at 500 per share,
and in view of present business
conditions its organizers believe
that the success of the enterprise
is virtually assured.
The new financial institution will per-
form every service and exercise everg
privilege of the ordinary bank, in ad
dition to its special functions as trust
company in the administration of es-
tates, and in other financial trasac
lions not ordiari1y handled through e
bank. Ten men who are among the
leading business men of this city met
here last Thursday night, talked over
the proposition, and decided that the
time was oppoItune for such an enter
prise. That others share the same opin-
ion is evidenced by the rapid sale of
stock in the few days since the tenta-
tive organization was formed.
With it's paid-in capital of 100000.
the new trust company will have as
large a capital as any bank in this city
Or section. It goes without saying that
a financial enterprise of such size will
prove a valuable asset to Elizabeth City
and Northeastern North Carolina. La
ter on, at meeting of the stockhold
ers, a board of directors, and other Off
GERS will be elected, and d site chosen
for the. new concern. $50 sgs s.