davidaulloa/AmericanStories huggingface dataset:
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12
SERVICE ILLITERACY
DISCUSSED BY CARR
MajGr Formerly From Mars Hill
Points Course for Training
of Individual Citizens

Cincinnati. Ohio, Jan. l2.-MaiOr
Isaac n. Carr, North Carolina cduca-
tor prior 10 his return TO service in
the Army in July 1912. in Il speech
here last night, told Of the burden
placed on the Army by the necessity
of teaching thousands of iilitcratc
inductceS fundamentals in re ding.
writing and arithmetic when the lob
is essentially an unacComplishcd taSi;
of the public schools.
Major Carr, who as prc-inductiOn
officer of the seven southeastern
states embracing the Fourth Service
Command, has made thorough
study Of the illitcracy situation. spoke
to the American Association of Junior
Colleges in session here. Major Carr.
a resident of Mars Hill. North Caro-
lima, and veteran of the first world
war. emphasized the need of teaching
patriotism. throughncsS i'm vocational
skillS. and accuracy i'm the funda.
mental branches of learning. After
the first world war. Major Carr Scr
we'd as principal of Yanccy Collegiate
Institute. huntsville. North Carolina.
and from 1923 To 1912 was actively
connected with Mars Hill College, in
which capacity he was well known
throughout the state.
''ln the nation today there arc 34l.-
GOO illitcrates. physically qualified
for military service, who. under pre-
sent regulations cannot serve i'm the
military forces said Major Carr
This number would make more than
20 divisions-enough to decide an
important military issue"
To-day 10 million people i'm the
United States have fourth grade
education or less. This fact becomes
very serious when VIC realize that
intelligence is one of tho keys TO
victory. Heretofore war has been
characterize by such brute force for
The illitcratc very limited We need
only trained men. We find that IN
manufacturing the implements of
war and in the operation OF these
instruments. VIC have little place for
The mn who cannot read and write"
InI,
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12
Be Quick To Treat
Bronchitis

Chronic bronchitis may develop II
ford to take chance with any medicine
less potent than Crcomuision which
goes right to the scat Of the trouble to
help loosen and cxpel germ laden
phlcgm and aid nature to soothc and
heal raw. tender. innamcd bronchial
mucous membranes.
Circumcision blends bccchwood crco-
soto by special process with other time
tested medicines for coughs. II contains
no narcotics.
2 No matter how many medicines you
have tried. tell your druggist To sell you
n bottle of CrcomulSion with the UNDER
standing YOU must like the way IL quick
" a1lay5 the cough. permitting rest and
sleep, OF you are 10 have your money
back, (Edyl
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12
Meeting of Glass
With Mrs. Faulkner

The Ever Ready class of New.
Sandy Creek church met recently
al the home Of Mrs. \. l.. Faulk-
ncr with Mrs. T. v. Wright as Joint
hostess. Tho meeting was opened
by the new president. Mrs. Ohio
Wright. who gave an inspiring mes
sage about the new year
The former treasurer. Mrs. Julian
Moss. gave her report. and turned
Sl36,26 over 10 the new treasurer.
Mrs. Edgar jackson.
Devotional exercises were led by
Mrs. kCarnCy Switzerland. with
prayer by Mrs. -. 7. Ayscuc. The
following short talks were made:
He that covers sin" Mrs. Julian
Moss: The little man in black"
Mrs. Green Faulkner: "PrICccss
Moments" Mrs Ohio Wright: The
most intcrcS,!n" story ever heard. -
was closed with prayers by Mrs.
Mrs. d. +. AyScuc. The meeting
Carl Williams.
The ncX: meeting viii DC ~ the
nome of Mrs. Julian Moss.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12
Important Dance Notice

Inc Henderson girls have been
invited To attend a special dance a,
Service Club No. nj Camp Butncr
Thursday evening: also they will
attend the special dance al the 3O9ih
recreation hall as originally plan
ned. The girls who were drawn
for tho Booth infantry dance will
90 i'll one bus and the rest who
can attend will 60 in another bus
to Service Club No. |. The group
leaders are asked Ia call Mrs. Ear!
Sattcrwhtic tonight and give her
the names OF the girls going To
Service Club No. |. The coupcra-
ton of all the girls who attend these
dances is especially requested.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12

operetta under the JON; sponsorship
Vi the Carolina pIaymaKerS ana Inc
University Music Department.
This year Woman of the Guard"
VIII be presented on February 1912
IN Memorial Hall at $50 O'Clock. Tho
last two performances will bc pivnn
Snier me auspices of the University
student Entertainment Committee
ior inc general public, while the
feoruary 10 performance will be
gwen Tor the benefit OF the Navy
Pre-Flight School cadets.
Under the joint direction Of Prof
John Toms of the Music Department
ana Joseph Salek. Of the Carolina
PlaymakerS staff, rehearsals are al
ready well under way.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12
EXECUTORS NOTICE
State OF North Carolina.
County of Vance.

State oil North Carolina.
County Of Vance:
The undersigned. having qualified
as Executor of the estate of II. r.
Fleming, deceased, late of Vance
County, North Carolina. this is motto.
20 all persons having claims against
the said estate 10 exhibit them To inc
undersigned Executor. or his attor-
HcyS, in Henderson. North Carolina.
on or before the 10Th day of Deem
Der, 1914, or this notice will be pied
IN bar OF any recovery. All persons
indebted to said estate will please
make prompt settlement.
This 18th day of December. 1913.
FORREST II. ELLINGTON.
Executor Of the Estate Of
II. L. Fleming, DECEASED.
GEOlSOn & GholSon,
Attorneys.
29-5-l2- 1862
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12
AoC1etX, News
TO a REFUGEE CHILD.

You Of the slow eyes, Won or ,bo
peerless laShes
Entered my heart from Il little door
When the latch Was down
And l thought that none might open;
Quiet ~ ON stool by the fire
You have taken place,
On stool by the fire
You have taken Il place with never !;
sound;
How shall | Gust you now
You who were wrapped in silence
Spinning your ar,ful web,
weaving your spell in my heart
With thread that | could not sec.
weaving your spell with Il thread
that is stronger than cable
|. ID. Frcnrau
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12
FAVOR THE PROBABILITY

IN A CHOICE between a prob
ability and an improbability there
should not be much argument
Nevertheless. all of us see players
attempt plays which are unlikely
TO succeed. when they could have
selected a method favored by the
odds. This can be due to either of
ewo factors. Perhaps the player
did not notice that there was an
alternative way Or. If he did.
maybe he did not realize that the
alternative method had a better
chance TO succeed.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12

Sgt Edward &. Lancaster. son OF
Mr.. and Mrs &. +. Lancaster. OF
LouIsburG. route 3. is home on fur
Tough After spending the week.
end with MIR. and Mrs. Lancaster.
Sgt. and Mrs. Lancaster have re-
turned To their home in Greensboro,
where Mrs. Lancaster is connected
with the n Moro Cigar Company.
HRS. Lancaster is The former Miss
Helen Grey Foster.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12
FAYETTEVILLE FIRM
AWARDED CONTRACT

Camp Butncr. Jan. l2.-Thc awgrd-
ing of Il war department contract for
construction work at Pope Field
was reported today by the Camu
bu,ncr Public Relations office.
me work al Pope Field. which
adJ"nS Fort Bragg, consists of con
S'ruction Of temporary frame build
ing and the cost is estimated / SIT
Gto. DIXON Construction company of
Fayetteville received the award
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12
ID. \. X. NTcctiIip

Oid Butte chapter, Daughters Of
the American Revolution, will meet
Saturday afternoon at $50 o'clock
nj the home OF Mrs. ". B. Gholson.
on BurwCll avenue.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12
GlLBERT-SULLIVAN
OPERA AT THE UNC

Chapel Hill, Jan. l2.-Onc of tho
highlghtS OF the winter entertain
ment program at tho University OF
North Carolina will he the annual
presentation OF Il BIlDcrt and Sullivan
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12
w. NJ. -. TO Meet

The Woman'S Missionary Society
of the Mddlcburg Baptist church
will meet Thursday evening nj 7:45
O'Clock in the homo OF Mrs. Frank
Fuller
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12
X X X X X X
X WITH THE COLORS 4
X X X X X X
Arrives OXCrScaS

Mr.. ~. White mas received word
from her husband Pvt. Al White that
he has landed safely overseas. Pvt.
White IS la the Engineering Corps
and received ms training at Camp
Mccoy, Wisconsin, before leaving
the states.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12

Pic. +. ID. Foster has returned
10 his post of duty at Camp Brock
cnridgc. Ky. after spending the
past week with his parents and
grandparents. Mr.. and Mrs. S. E.
Foster and Mr.. and Mrs. W. d. Fos-
Ter.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12

REPORTER-Come word from
Portland. Maine, that a Liberty ship
now under construction there will be
named the Edward II. Crockett" in
honor OF the first working news
paper war correspondent 10 lose his
lie in this war. Crockett was an AS
,ociatcd Press man and Was drowned
IN the Mediterranean year ago
when his ship was sunk. The naming
II Il ship for him is proper rccogni-
ton Of the excellent job the report
crs at the front have done in giving
news OF the war.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12
In Hospital

Mrs. +. G.. Shaw entered Maria
Parham Hospital tOd.y. where she
VIII take treatment for the next few
days.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12
ID. of 4. Meeting

Vance council No. 80 Daughters
OF America will meet Thursday
night at 7:30 o'clock in the Red
Mems hall.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12

Pvt. William NJ. Chopin left
Tuesday 10 return 10 Fort jackson.
S. C.. after spending a tcn-day fur
Tough with his parents. Mr.. and
Mrs. y. l.. Chopin OF South Hen
dcrSOn.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12
Returns To Fort jackson

Pc. j. ". Wilson has returned
10 Fort jackson. S. C.. after spend
ing a tcn-day through with his
mother and lrINMds.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12

TOBACCO-Final figures on pro-
aucerS sales of leaf tobacco in North
carolina show and average price of
s4o.l6 for about 500 million pounds.
AGAIN 1t is noted that is cominp
ABOUT us close as any group of ac-
countants could figure to the abb
solute seasonal ceiling OF IL cents 4
pound. 1t meant an average of 81 .28
per 100 over the prices received tho
year before. The mountain hurley
crop sold for an average of SAG "A
per lO0, which also was above last
years average.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12
Visiting Aunt

Sgt. Thomas ID. Peck of Camp At
tcrDcrry, Ind, IS spending 4 furlough
with his aunt. Miss Carrie 3. Lands.
ii their home ON Chestnut Street.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12
Choir Practice

The choir of the FIRST Prcsbytcr-
ian church will practice tonight al
I:3O O'Clock at the church.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12

Dealer South Both sides vul.
ncrdblcD
What chance has East TO fool
South into nIsplayins this deal at
@-N" TrumpS. If normal methods
are employed by the dcClarcr after
winning the third diamond trickf
.a;urcs Syndicate. Inc.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12

CHAPLAlN-Thoush interest i'm
INC matter ccnters III Raleigh, State
acquaintance and churchwidc prom
tneiice oi Rev. John A. Wright makes
state news of his resignation as rec
Tor oil Christ Church, Raleigh. to en-
Ter framing Tor Il chapIaincy i'm the
armed services, most likely i'm the
navy. lie has been at Christ Church
SiEcc 1896.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12
AROUND
CAPITOL SQUARE
BY LYNN NISBET
Daily Dispatch Raleigh
In The Sir Walter Hotel-Raleirb

Raleigh, Jan. III. Leo Wilson
solicitor of the twelfth judicial dis
se', iinds that he is physically fit
lor military service and has been or
ueleo To report for induction at Fort
bragg ON january 81. AT his request,
Governor Broughton has granted
nm indefinite leave of absence eff
iec'ire that date. Granting of this
,eite eiiectuates appointment of
NORMAN Boren, of Greensboro, as
ac'lhs solicitor. Wilson's term has
ABOUT three years To run. If the war
ends Or Tor any reason he is returned
nome during that time he will step
pack into his lob as solicitor. No
ieaNe can b" extended beyond the
lSrm to which the office holder was
elected OF appointed.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12

DEVELOPMENT - The winter
meeting of the State Board of Con-
Servatlon and Development is schc-
auicd Tor Raleigh January 26 and ~.
IL is understood that emphasis in dis
cuSSlonS and plans will be placed on
development this time This idea is
enhanced by the scheduled meeting
oil the State Planning Board on the
same day. Al that meeting the new
planning board chairman, Collier
Cobb, Jr., will take over and il is
expected that managing director
VIII be named. The director of con-
Servation and development is an OK
oiiicio member of the planning
board. and the two agencies ncccs-
SarIly will work together.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12

This slim irock with high-placed
bodice slashcs IS u perfect "casy-to-
make" Pattern 93i9 consists mainly
of three simple pieces. The attractive
pockets are Just squares with the
corners turned down. The lront-but-
toning make sthiS iroCk a delight 10
iaIndvr.
Pattern 95i9 may be ordered only
III misses and womcn's sizes -. II.
10. l8. 20: 80. 81, 81, SO. 80 and 10
Size l6 requires 3 l-2 wards 35-inch
Send SIXTEEN CENTS in coins
for this pattern. Write plainly
SIZE, NAME, ADDRESS, STYLE,
NUMBER.
Send your order To the Henderson
Daily Dispatch. Pattern Department,
232 West 9Th St. New York IL, N. Y.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12

Having nothing in his own hand
which could be promoted by lead
from his partner. East decided TO
ruff the third diamond. so he could
lead a spade toward a possible X
in Vests hand
South came right in with the a
because he rcckoncd he could dis
card both of his spade losers on
the dummy's -lb suit FIRST he
drew trumps in three rounds. then
scored the club *. a and @. He
was crestfallcn when West dis
c"rded a spade on the third club.
as nov his contract was hopeless
Distributed by King
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12

high school and Tor the past four
months has hcid Il position al Maria
Parham hospital.
Mr.. Damn Is tine son of Mr.. and
Mrs. j. I. Dunn. ul Henderson. He
Is a graduate ni Dabncy high school
and Is Il farmer of the community
The couple will make their home
with the grupm'S parents.
Henderson daily dispatch. (Henderson, N.C.) 1914-1995, 1944-01-12

SWAPPlNG-Statc College extern
SION service reports that manpowcr
shortage on eastern Carolina farms
Is bringing about arrangements for
swapping work among farm owners.
as well as interchange ri farm ma
chlnely and WorkStock One large
farm has changed its operating me-
thodS and released 25 men. The ex-
tension service news story has some
significant comment ON this fact:
Despite all the efforts of the cX-
tension service, these men have gone
INTO industry instead of farming else
where in Washington county. The
difference in wage scales and the
many opportunities found in indus
try leaves scarcely any point for ar
sument.'
This is further evidence that some
adjustment Of farm prices is essential
II production is 10 be maintained.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-12-31

Trading was moderate a. the Detroit Union
Produce Terminal this morning leeoers head
Bunched carrots were weaker. With supplies
plentiful TsnEerines moved slowly Cabbage
with supplies rather hgni saVanSsa y. "
AIPPLEsGwashington box Delicious. com
Michigan bu US NO Delicious 50. 2i4
s.42. Jonathsns. $50 3.2i Melntosh, best
:s313 R lair eo Island ss CREAMS S25ihsrn P
Plentifuls and wax beans, an ceiling. $500.
s sP6TSo1 Crates. 1oaa
s4 ssPS6o-i csiiiofais. So s0s7Bo. Texas
GAZE c5S%iBsssAcE2so-rb. sacks. Arizona. green
sssv Yors Old stock OCH So.S SACKS, Danish.
tcAaRRocrs-Los Angeles crates Arizona 50
500 mostly SAC 80, 60 Gaii,era ao T :
cELERYMcaliierHi. Pascal crates. sac
$50 Golden Colder Heart crates s soS fioFi0a
GRApEfRuiT-Texas crates white. 50 so
a37s pnks. crates s5.75@ 81
GRAPEs-california Tugs. Emperors' some
LETTuCE--Arilona crates. IoeoerF' 4-e
doz all ceiling, $5.23.
ORANCES-CaliforniA- ktAndArn-hc1- IA
yIor,ca boxes ss7sas so
oNloNs---5o.ib. sacks. Michigan Us No J
Yellovs 81 400 SIS. mostly 81 500 so
Idaho CoIorodo Sweet spanish US No. l
PEPPERS-California Wonders Texas tis-
bu crates, $50 $50 bu baskets. large
50 So medium 20 large, 50.
POTATOEs-i00 II sacks. Idaho Russs'
Burbanks utility grade. 81 81, California
Lone Whites Us No /. size A. 81 IS
Maine Katshdin-ChippewaS US No Size
A. s3.40@3.5o. best mostly around 81 30
iS-Ib. sacks. s4@ soc. mostly sac: Michigsn
Chippewss s3@3.1o Upper Peninsula IA.
tshdlns US No l, size A, $50 SO Canada
$3.50 sn 7s.ls- sacks s24 5S755'
NEW PoTATOES-Fiorids 5o-lb sacks. tn
sI1e r s2@2 as "-e - w.
RADisHES-Texas crates 81 2s@9 so.
SPIEACH-Texas bu baskets, 65ca 81 %.
TANCERINES-FloridA boxes, Sc 50n6 81
u boxes S3a3 rs. bu. baskets, s4S4 OF
TOMATOES RepackS, lob cartons
$40
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-12-31
Rails Reach
7-Yedr Peak
Big Blocks Feature
Final 1914 Session

NEW YORK. Dec. so GNS)-
The stock market hit new highs
in todays last session of the year
The rail section OF the list ad-
vanced to new peaks for seven
years.
Volume was good. running al
the rate OF 10000 shares.
BullishnesS marked the session
from the very opening. which was
highlighted by blocks of 200
Consolidated Edison. 10000 Avla-
ton Corp and 1000 L S. Steel at
unchanged or slightly hlg he 7
prices.
Today's biggest gains were
scored by such leaders as Chrys-
Ter, Southern Pacific. Bethlehem.
l.. s. Steel
Low-priced mining shares were
also in demand. with large blocks
of Park-Utah, and South Amer
lean Gold and Platinum changing
hands.
Bonds were unchanged TO higher
and curb prices advanced.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-12-31
WHY'S Shows Gain
In 1914 Net
Current Profit Up
$s44,6o5 Over I943

TOLEDO, Dec 3O-WillyS-Over-
land Motors, Inc, and subsidiaries
reports net profit for the fiscal
year ended Sept. 80, subject to
renegotiation. of $685. 500. equal
to Sl64 per share. as compared
TO $3.O10.9Ol or Sl32 a share
in 1913.
Net sales for 1914 amounted 10
S2l2 ASS. ass against Sl67 75o Sl5
year AGO. while 1874 federal
taxes tetaled $50. 45e.060 as COM
pared 10 S20.015.000 IN the pre-
viouS year.
The taxes are after deducting
S2,4lZ704 postwar excess profits
tax credit in 1914 and Sl,S35,000
in 1913.
Renegotiatien has been com
pleted for the fiscal year 1912,
resulting IN a net cost 10 the COM
pany OF S25S,55S. which has been
charged against operating surplus.
The company states IL Is i'm
possible al this time 10 make any
estimate Of any refund that might
be Indicated for the fiscal years
1913 and 1914.
Reserves, however. are believed
10 be adequate for this and other
contingencies.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-12-31
Sees Competition

Some of the rosy predictions
Of Home Freezer postwar vol
une should be taken with a
grain of salt in the opinion of
P. NJ. Bratten, general sales
manager of the Frigidaire Divi-
sion, General Motors Corp.
Bratten pointed out that
figures released in the press and
periodicals indicated annual po-
tential markets ranging all the
way from two hundred thou
sand home freezer units TO over
two million units.
Frigidaire' own surveys indi-
Gated probable potentlal-et
between three hundred and fifty
and four hundred thousand units
per year in the postwar period
and If these figures are any,
where near accurate. there is
sure TO be some pretty hectic
competition between the 1872
manufacturer who have indi-
Gated that they viii produce
home freeZers, he says.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-12-31
Request Crude Oil
Price Boost
Producers Contend
Costs Exceed Ceiling

NEW YORK, Dec. The
Independent Petroleum Associa-
ton of America, representing
producers of crude oil, plans TO
file with the OPA on or before
Jan. Is a formal 7 otest against
maximum price regulations, and
will request general upward
adjustment in ceiling prices
throughout the United States
averaging Is cents a barrel.
II will recommend. too, that
consideration be given TO an APP
propriate adjustment in refined
product prices. in the event a
higher level is granted for crude
oil.
Action will be taken in order TO
place before the OPA a formal
protest for its official considera-
ton and TO comply with pro-
cedural regulation of the OPA.
The latter contends there is no
formal request for general in
crease before II.
The Petroleum Association Will
declare that present finding. de-
velopment and production costs of
crude petroleum are in excess OF
price ceilings which were frozen
at depressed levels and are insult
ficient TO stimulate the finding of
sufficient reserves land the pro-
duction of adequate supplies Of
.~AtxsN1nt.,,. tA ~ a ~ tho
security of this nation, provide for
war, indstrial and essential civilian
requirements, and enable the
average producer Of crude petro-
leum to continue in the production
of that critical, strategic, and
essential war commodity
Accompanying its protest, the
association will present economic,
statistical and factual data.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-12-31
Grains End "A
.InUpward Trend

CHICAGO. Dec. 80 tINS)-
Grains generally were on the up
grade today in the last session Of
the year.
Wheat scored gains ranging TO
| ssc in active late trading and
the May future which led the up
turn reached Sl65.
Corn and oats moved up as
much as lac and barley &c.
Rye was uneven in late deal
ings. The nearby futures we're
as much as lc higher while Sep
tember eaSea after gaining &c.
At the close wheat was 1hc 10
l2c higher, corn sc TO lAc up,
oats sc TO 1c higher. rye &c
down TO sc up and barley lc to
&c higher.
Cars inspected: wheat %, corn
u. oats s.
Detroit evening times. (Detroit, Mich) 1921-1958, 1944-12-31
Detroit Bank
Adds Capital
Issue Stock Rights
at $50 Per Share

Directors of The Detroit Bank
again have taken action to in
crease its capital, in view of SUBJ
stantially increased deposits. and
10 add 10 its commercial loan
limit. At the annual stockholders
meeting, a proposal Will be SUBJ
mitted 10 increase common eapi--
tai stock and surplus by issuing
rights 10 present stockholders To
purchase one new share at $50 for
each five shares owned.
The proposed increase in the
present common capital stock VIII
increase the number of outstand-
ing common shares 24,9iS, from
f24, 740 to 1865 The offering
price of 500 share will add
S49S, $50 10 the common capital at
the par value of $50 a share, and
the remaining $40 share will
add 1897 800 10 surplus account.
This represents "A total capital
and surplus increase of 81 ,496. $50.
A year-end transfer of S507,-
$50 from undivided profits 10 SUR
plus account has been authorized.
This will increase the present sur
plus account from 50 49t, 500 10
$1,000, 0S0 The proceeds of the
new stock subscription will fur
Their increase the surplus account
10 81, 600 900.
Total capital stock and surplus
witt total St63b5. 760, which VIII
increase the banks normal COM
mercial loan limit 10 over 81 .0O0,-
600 for any one borrower.
In 1899. and again IN 1910.
stockholders were offered, and
subscribed 10. new stock on a
one-for-hve basis an $40 a share.
In 1872 a stock dividend OF > per
cent and in 1914 stock dividend
of 10 per cent was declared, These
| two transactions served 10 trans
fer retained earnings 10 common
capital stock and surplus. but did
not increase total capital funds.