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Report of the North Carolina Park Commission
Item
Item’s are ‘child’ level descriptions to ‘parent’ objects, (e.g. one page of a whole book).
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Report of the North Carolina Park Commission 7 On February 6, 1930, the Governor representing the State, delivered to the Secretary of the Interior a deed to the 58,622.58 acres. The Tennessee Commission at the same time presented a similar area. The Department of the Interior then took over this territory donated to it, and took steps to protect the forests, lay out plans for the development of the park, and to be ready for large developments as soon as the minimum area is donated. The Commission has been careful to see that the funds have been wisely spent and properly safeguarded. It wishes to commend Mr. Rhoades and his staff for the skill displayed in determining land values, and in securing options. The report shows that in June, 1930, the funds deposited were adequately covered by indemnity bonds, State, Federal or municipal bonds. By resolution of the Commission the Central Bank and Trust Company of Asheville was named as one of the depositories of the park funds. This bank failed to open its doors November 20, 1930. The condition of the park funds in that bank and others is set forth in a report to the Commission by W. E. Stevens, C. P. A., as follows: NORTH CAROLINA PARK COMMISSION Asheville, North Carolina FUNDS AVAILABLE January 10, 1931 State Funds 1. Due from State of North Carolina $1,136,490.56 2. Cash in Central Bk. & Tr. Co., Asheville.... 268,476.31 3. Cash in Citizens Bank of Marshall, N. C. 25,000.00 4. Cash in Bank of French Broad 25,000.00 5. Cash in First Nat'l Bank of Waynesville 25,000.00 $1,479,966.87 Rockefeller Funds 6. Due from Rockefeller Memorial $1,670,700.79 7. Cash in American Trust Company 127,945.80 8. Cash in Central Bank and Trust Co. $62,192.04 9. Less sale of Liberty bonds held as collateral 50,000.00 12,192.04 1,810,838.63 Private Pledge Funds 10. Balance due from private pledges.. $ 272,633.64 11. Cash in National Bank of Commerce 62.50 $ 272,696.14 12. Less overdraft at Central Bank & Tr. Co. 4,651.65 268,044.49 TOTAL FUNDS AVAILABLE JANUARY 10, 1931. $3,558,849.99
Object
Object’s are ‘parent’ level descriptions to ‘children’ items, (e.g. a book with pages).
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This 12-page report was produced by the North Carolina Park Commission for Governor O. Max Gardner in 1931, seven years after the formation of the commission, which was created by a special session of the General Assembly in 1924. The commission was tasked with establishing a national park east of the Mississippi River and, by this time, had settled on the region of the Great Smoky Mountains. The report includes a detailed accounting of funds raised and lands acquired for the park. Both North Carolina and Tennessee had acquired over 100,000 acres that were deeded to the federal government and placed under the management of the Secretary of the Interior. State funding for the project was augmented by a five million dollar gift from the Rockefeller family foundation. The report concludes with copies of state resolutions that outlined the specific tasks of the commission.
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