Newspaper Page Text
VOL. 61—No. 52
Jackson National Bank Open For Business
ALL DEPOSITORS CAN GET
100 PER CENTTHEIR FUNDS
INSTITUTION RESUMES NORMAL
BUSINESS, WITH SAME OFFI
CERS AND DIRECTORS. BANK
IS WONDERFUL ASSET
Jackson National Bank resinned
normal business this week.
This announcement brings more of
constructive optimism to Jackson and
Butts county than anything that has
happened in a long time.'
The bank is now ready, backed
with ample resources, to pay all de
positors in full. No depositor will
lose anything. This is a record->sgldom
equaled in the United States, and re
flects great credit on the officers
who have labored for months to have
the bank open in a normal manner.
The only change in the bank is in
the name, “The Jackson National
Bank” as it existed on March 4, of
this year, is now “Jackson National
Bank.” Fresh capital has been added,
but the officers remain the same as
those who guided the institution for
several years. Mr. E. L. Smith is pres
ident, with B. A. Wright and H. O.
Ball vice presidents, and R. P. Sas
nett cashier, with J. W. O’Neal as as
sistant cashier. The directors include;
E. L. Smith, B. A. Wright, H. O.
Ball, R. P. Newton, T. E. Robison,
R. P. Sasnett.
Butts county is considered for
tunate to have a bank that is now
ready to go forward with the march
of progerss, supported by the gov
ernment and with the deposits, effec
tive January 1, fully guaranteed.
That Jackson and Butts county will'
feel the stimulus of new growth as
a result of the opening of Jackson
National Bank is general accepted.
Deposits in all national banks will
be guaranteed after the first of
January.
Attention is directed to the 'bank’s
card in this issue. It will be read with
interest and certain it is that it is
the msot hopeful and constructive
news that has come to Butts county
in many months.
COTTON OPTIONS
BEEN RECEIVED
FARMERS WHO FLOWED UP COT
TON PAST SUMMER PARTICI
PATE IN FOUR CENTS PER
POUND ON STAPLE
Butts county farmers who plowed
up cotton the past summer were dis
tributed their option contracts the
first of the week by County Agent
B M. Drake.
The government agreed some time
ago to lend four cents a pound on
this option cotton.
In most cases the options, after
being properly signed and executed,
were returned to Washington and
checks will be mailed out some time
in the near futura.
Butts county farmers during the
acreage reduction campaign plowed
up 3,697% acres, and cash without
option amounted to $6,977. Cash
with option amounted to $30,124.50.
Practically all checks have been
mailed and when the four cents on
option cotton is received it will fur •
ther add to the purchasing power of
farmers.
Figures show there were 1,248.48
bales of option cotton in Butts coun
ty.
1933 DECEMBER i933
•UN. MOW. TUI. WIP THU. m IAT.
1 t
3456 7 8 9
io it ta t3 t 4 i5 16
i7 i8 i9 ao at aa a3
as 26 a7 a8 a9 30,
KIWANIS CLUB WILL
INSTALL NEW OFFICERS
LADIES’ NIGHT OBSERVED
TUESDAY AND MEMBERS AND
VISITORS ATTENDED PRIN
CESS THEATRE
At the first meeting in January
officers for 1934 will be installed by
the Jackson Kiwanis club. Officers
request a full attendance at that
time as committees will be announc
ed and plans will be outlined for the
year’s activities.
Ladies’ night was observed at the
meeting Tuesday and the meeting
was the largest held in several
months. An interesting program had
been prepared by N. F. Land, chair
man of the program committee. Mas
ter Riley Thaxton, talented young
son of Mr. and Mrs. W. M. Thaxton,
gave several enjoyable selections on
the banjo. The lad is a natural mu
sician and shows remarkable talent
for one so young. He had appeared
at the Kiwanis club before and is al
‘ways welcomed.
Mrs. S. H. Thornton, Mrs. D. P.
I Settle and Miss Willene Thornton
sang “Silent Night,” and Mrs. Thorn
ten and Miss Thornton sang “The
Sweetest Story Ever Told.” The club
room was decorated in appropriate
Christmas colors.
The Jackson Club Corporation,
with Mrs. L. M. Crawford chairman,
served a most sumptuous dinner. The
presence of the ladies added interest
and pleasure to the meeting.
Following the meeting the mem
bers and visitors were guests of
Messrs. Campbell and George at the
Princess Theatre where “Gold Dig
gers of 1933” was the evening’s at
traction.
WILL BOLD UNION
SERVICE SUNDAY
ALL JACKSON CONGREGATIONS
TO WORSHIP AT PRESBYTERI
AN CHURCH. REV. R. B. HARRL
SON TO DELIVER MESSAGE
Churches of Jackson will hold a
union service Sunday night at 7
o'clock at the Presbyterian church.
Rev. R. B. Harrison, pastor of the
First Baptist church, will deliver the
message on that occasion.
The three churches will hold their
usual service Sunday morning at the
appointed hour and at night the sev
eral congregations will come together
for joint worship.
The choirs of all the churches are
especially invited to be present and
take part in the music. It is expected
that music appropriate to the Christ
mas season will feature the program.
These sex-vices engender harmony
and good will. The people of the en
tire community are cordially invited
to attend.
A pound of steel is worth $60,000
when made into watch springs.
JACKSON, GEORGIA, FRIDAY, DECEMBER 29, 1933
COUNTY MEETING
FOR COTTON PLAN
MEETING WILL BE HELD SATUR
DAY AFTERNOON TO GET REA
DY FOR ACREAGE DRIVE
STARTING JANUARY FIRST
Farmers and interested citizens
are invited to attend a meeting in
the court house Saturday afternoon
at 1 o’clock, when plans will be dis
cussed for the 1934-1935 cotton acre
age reduction campaign.
The government drive to have
acreage of cotton held to 25,000,000
acres in 34-35 will begin January 1.
Questions concerning the details of
that campaign will be discussed at
Saturday’s meeting. All points on
which growers are not clear in their
minds will be explained by County
Agent Drake, and final instructions
will be given the field workers.
The meeting is an important one and
it is hoped there will be a representa
tive attendance not only of cotton
growers but of all interested citizens.
The county committee for cotton
acreage reduction is composed of C.
M. Compton, J. L. Bailey and J. C.
Jones, with H. F. Compton and W.
A. White as alternates.
The county has been divided into
four districts and members of the
district committees include Lindsey
Maddox, L. R. Washington, F. H.
Morgan, A. C. Finfey, T. T. Patrick,
J. G. Childs, E. P. Colwell, Otis F.
RING IN THE NEW
Grateful for your loyalty, confidence and
valued patronage, The Progress-Argus wishes
formall its friends a NEW YEAR filled with
Health, Contentment, Success and a full share
of Prosperity.
Assets of Bank
Are Appraised
By Committee
In accordance with the government
plan for extending aid to banks now
m process of liquidation, assets of
the Jackson Banking Company, which
closed in January, 1931, are being
appraised by a committee consisting
of Messrs. E. L. Smith, H. O. Ball,
K. P. Newton, H. W. Turner and T.
W. Moore.
The committee met with a repre
sentative of the State Banking De
partment Tuesday, and together with
11. C. Hightower, liquidating agent, it
was expected the work would be
completed during the week.
The work is being carried on under
direction of Ryburn G. Clay, chair
man of the Sixth Federal Reserve
district Depositors Liquidation Board.
Marshall Hunter, of Savannah, is
Georgia’s member of Mr. Clay’s
board.
It is proposed to have the govern
ment lend on the assets of the closed
banks, and the funds thus realized
will go to pay the depositors. As soon
as the work herd is completed a re
port will be made and announcement
will be made later as to the result.
Members of the committee were
of the opinion that the assets of the
Jackson Banking Company are such
that a considerable sum will be real
ized for the depositors.
Hammond, Miller Ogletree, W. O.
Moore, H. L. Dodson.
NEAR RECORD ESTABLISHED IN -1
CHRISTMAS HOLIDAY SHOPPING
BUSINESS BETTER THAN IN
LONG PERIOD OF YEARS, AC
CORDING TO REPORTS. HOLI
DAY SEASON QUIET ONE
With the volume of holiday buy
ing larger than before in years,
Jackson business men report a near
record of Christmas shopping.
The pre-holiday season was mark
ed by active buying and Saturday
proved a banner day. Throngs jam
emd the streets from early morning
until late at night and spending was
liberal in all lines. Many business
bouses report depleted stocks when
the rush was over.
It was a quiet and well behaved
crowd. There was almost a total ab
sence of drinking and officers han
dled the crowds without difficulty.
The rush of Christmas shopping,
after several lean seasons, proved
most pleasing to the business firms.
The generous spending is taken to
mean better times generally, not the
least of which was caused by the
CWA pay rolls in effect in the coun
ty.
The holiday season, according to
reports, proved a quiet one through
out the county. No serious accidents
lave been reported.
All business was suspenci Christ
mas Day. The post office observed
31.50 PER YEAR IN ADVANCE
By Albert T. Reid
Sunday hours, receiving and dis
patching mail, while city and rural
mail carriers enjoyed a day of rest.
The post office reports a heavy vol
ume of both in-coming and out-going
mail. It is practically certain that
everybody received at least one card.
The holiday season was featured
by Christmas trees for the little folks
and by special sermons and appro
priate programs in the churches.
Adequate provision had been made
to take care of the poor and unfor
tunate and no family was left with
out the solid comforts and Christmas
cheer.
Most of all the season proved one
of homecoming and quiet gatherings
around the family circle.
The Princess Theatre put on three
programs during Christmas Day, a
matinee at 2:30 and two shows ac
night. This afforded entertainment
for many who love clean and whole
some amusement.
Christmas, 1933, found the entire
country grateful for the many bless
ings of the year and optimistic over
better conditions and the promise of
speedy restoration to normal times.
Charles the last surviving
signer of the Declaration of Inde
pendence, died in 1832 at the age of
ninety-six.