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Bank Closes Voluntarily. WILMINGTON, N. C., May 30 (AP).Th: Farmers' Bank & Trust Co. of Wallace voluntarily closed yesterday as the result of inability to collect on slow paper. There was no run on the institution and no excitement accompanied the announcement of officials that State bank examiners had been asked to take charge looking toward liquidation.
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BANK RECEIVER SENDS OUT 10 DIVIDEND Failed Wallace Institution Expects To Make Another Payment Later Wallace, Nov Farmers Bank and Trust Company, of Wallace, under the management of Hoke Smith, agent, since its closing May, mailing out checks 10 cent per dividend to its two thousand depositors. This is the first dividend; however, with another wave of prosperity for this community in sight, and with the con tinued capable management of Mr. Smith the assur. ed of another substantial 'payment Chief Willie Murray yesterday "transported" the Duplin County jail Thomas James Aaron Davis, white, had convicted by Justice Pearsall for transporting and having their possession for purpose sale, in toxicating liquors. These parties had tobacco on Wallace market remained over to ply their trade night. "outpouring spirits,' amounting to four gallons, witnessed Special Officer Davis, Mayor Osborne Carr and M. O. Powell. The Wallace tobacco market has made some booster sales few days, some large loads Friday averaging high $43,000 per hundred. The sales this week have been the heaviest season, fact the heaviest several years. ap. pears the farmers have realized their ultimate advantage to patronize their home markets. market Monday usual: the Armistice celebrations affecting The merchants will be open until about o'clock. Exhibits Huge Potato. Wilson, Nov. 9.-Perhaps the largest sweet potate ever grown in this section is on exhibition in this city,