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The Oldest Newspaper Published In North Carolina The Carolina Watchman "The Watchman Carries a Summary of ^All The 2SJgws,f FOUNDED 1832— 100TH YEAR SALISBURY, FRIDAY MORNING, AUGUST 19, 1932. VOL. 100, NO. 3 PRICE 2 CENTS Report Growth In Business Optimism Local Buyers Return From N.Y. Markets Stock Buyers Give Big Orders Merchants From All Over United States Are Now Purchasing New York Goods Metropolitan Financiers Believe Business Conditions Now On Upgrade Generally Buyers for some of Salisbury’s lead ing stores returned to Salisbury this week from business trips to New York and declared that the feeling of busi ness men is more optimistic than it has been for many months. An indication of better conditions was the fact that so many buyers from all parts of the country were in New York, it was stated. These buyers were really buying good stocks lief that business is on the upgrade. It was pointed out that many of the stores have bought very closely in the past year. As a result, the stocks are low and they are now having to buy a great deal to get ready for the fall trade. One buyer from a Salisbury store said that he discussed conditions with a large number of prominent men while he was in New York. His re action to these conversations was that the country has good reason to feel that things are going to be better soon. To the man who thinks stocks are the backbone of the country’s busi ness, there is the fact that the price of hogs has advanced. Then for those who place their confidence in the price of commodities, there is the fact that these prices are increasing every day. He pointed out that the price of raw silks has advanced 60 per cent in the past four weeks and that the cotton market has taken a decided spurt. On the whole, it was declared mer chants of Salisbury are getting ready for fall business with a brighter out look for its success than! they have felt in a long time. The people of the city, it was pointed out, have many reasons for expecting that the next few months will end much more satisfactorily from the standpoint of trade than has been the case in the past year. M—M—M———————— I —— Heads Home Loan Bank -MHK Franklin W. Fort, New Jersey, is president of the board of the newly created Federal Home Loan Bank. He has just been appointed by Presi dent Hoover. There are four other members of the board, two Repub licans and two Democrats. Mr. Fort was former member of the House of Representatives from New Jersey. Good Morning CREED OF THRIFT Work and Earn. Make a Budget. Record Expenditures. Have a Bank Account. Carry Life Insurance. Own your Home. Make a Will. Invest in Safe Securities. Pay Bills Promptly. Share with Oothers. HARDLY IN HER LINE Friend—Say there’s a bunch of people outside waiting to see you. A mong them is a bishop who says he married you some time ago. Film Actress—Gee! I’m practically certain I never married a bishop.— Montreal Star. THAT’S THAT Red light—no traffic in sight to cross on the green. Wait? Should say not—right on through on the red. Woman driver? Surel But at that same light we have seen drivers of the other sex speed through when there was traffic starting across on the green! Mule in a barn yard, lazy and ilck Boy with a pin in the end of a stick. Boy jabbed the mule; mule gave a lurch— (—services Monday at the M. E. Church.)—Bowling Green Exponent THE COMPLETE BORROWER "Lend me your ears,” the poet cried And he read his verses through; I’m sorry now that I complied For his thoughts were borrowed too.—P. W. DON’T GIVE UP, LADY "Commence each day with a smile,” they say, But take it from me it does not pay. I greeted the morn with a joyous song And my neighbor called, 'Is someth ing wrong?” When the bacon burned I merrily laughed And my husband said: "Have you gone daft?” I told a caller I liked her hat— And she told me I was gettinlg fat. I started the day with a glad good will— I finished it up with a wish to kill. Kansas City Star STEWARDSHIP I bought gasoline; I went to the show; I bought some new tubes for my big radio; I bought candy and peanuts, nut bars and ice-cream; While my salary lasted, life sure was a scream! It takes careful spending to make money go round; One’s methods of finance must al ways be sound. With habits quite costly, it’s real hard to save; My wife spent ten "bucks” on a per manent wave. The church came -round begging. It sure made me sore! If they’d let me alone I’d give a lot more. They have plenty of nerve! They for get all the past I gave them a quarter the year before last.—From the Lookoout. Passerby (running into house after hearing screams): "If you don’t stop beating your child I’ll call the police.” Man’s voice from within: "This is no child, it’s my wife.” Passerby: "Oh, pardon me, I’m sorry I intruded!” "Look, here, you’re cheating!” “I am not. I had that ace long before the game began.” Now Facing Murder Indictments x " ■■ ^ ■ ■■ - . - ■ Je .. . A trial which seems certain to attract national attention is that ot Libby Holman Reynolds and Albert (Ab) Walker at Winston-Salem, N C.. on an indictment charging murder of the former’s husband, Z Smith Reynolds, heir to a tobacco fortune Libby Holman Reynolds, famed Broadway "Blues’ singer, and Walker, companion of the late husband, Reynolds, were released following the Coroner’s inquest, but rearrested following an investigation by county authorities The death oi Reynolds terminated a big party over July 4th weekend Photos show Libby Holman, Ab Walker and Alfred Holman. Cincinnati lawyer, who will help defend his dauirhtei HOOVER CALLS TRADE PARLEY FOR AUGUST 24 President Hoover set August 28 as the date of a White House conference of the business and industrial com mittees of the twelve federal reserve districts, "for the purpose of organ izing a concerted program of action along the whole economic front.” "The conference will deal with specific projects where definite ac complishments in business, agricul ture and employment can be attained and will co-ordinate the mobilization of private and governmental instru mentalities to that end,” Mr. Hoover said. The chief executive added that he planned to appoint special commit tees to deal with questions directly concerning agriculture, labor, rail ways and other industries. Mr. Hoover enumerated the sub jects to be "considered and definitely co-ordinated,” as follows: "A canvass of the means, methods, agencies and powers available in the country for general advancement; wider expansion of credit facilities to business and industry where consum ption of goods is assured; co-ordina tion and expansion of live stock and agricultural facilities; co-ordination and expansion of financial facilities for the movement of commodities into consumption; expansion of pro grams for repairs and maintenance of the railways; and creation of organi zation for further spread of existing employment anj[l expansion of em ployment.” RUM DIVIDEND TO BE DECLARED BY DISTILLERY The National Distillers Products corporation, forseeing a change in na tional prohibition laws, ordered a d s tribution to stockholders, in 1934, of a large part of its whiskey stocks. The company, which has operated successfully since the eighteenth a mendment became effective in those states permitting distribution of med icinal whiskey, will give 12 quarts of whiskey to every holder of five shares of its stock on October 1, 1934. The stockholders thus favored will be of record on September 15, 1934. Seton Porter, president of the com pany, explained the company’s posi tion in relation to its lorig stored stocks of spirits. "Regardless of the national action on prohibition laws,” he said, "we have, by observing the law and sell ing only where we were permitted to sell, piled up a reserve of stocks. Our stockholders, who have stood by us, deserve to have this dividend.” ROOSEVELT PICKS TREASURER Frank C. Walker, close friend of Franklin D. Roosevelt, was named by the Democratic nominee as treas urer of the national committee char ged with securing campaign funds. DEAD IN BATHROOM Ellis L. Roper, prominent merch ant of Washington, N. C., was found dead in the bathroom led to discovery of the body two hours af ter death. _ Roundup Queen Melissa Parr, full-blooded Cayuse Indian girl, has been chosen Queen o) the Pendleton (Ore.) Roundup, Sep tember 9, the second time in the his tory of the event that an Indian girl has been named. - -■ ■ •—-■ Genius Honored e HSHMMMBm I || | “ Frank J Sprague, New York, na tionally known as the “Edison ot Transportation," has just celebrated his 75th birthday, upon which occa sion science and industry tendered great tribute \ f 1 " 1 11 .. * News Briefs AUTO WRECKS TAKE TOLL Automobile wrecks in state over the week-end took a heavy toll. The infant daughter of Roy W. Welch, Gibsonville, was killed early Sunday in the sideswiping of his machine by that of W. C. Walden. Joel Rose, 16 and George Coate, 23, were killed and six were injured in a head on col lision of two cars near Goldsboro late Saturday night. Max Fisher, Rich mond, Va., and H. F. Coate, West vaco, Texas, were killed and three hurt in the wrecking of the machine of James R. Mobley Reidsville, five miles nlorth of Greensboro, Sunday afternoon. MAXTON YOUTH KILLED | It is suspected Halber Alford, 19, Maxton, fell asleep at the wheel of his car when it rammed the rear of a truck on Long Island. Alford and his companion, Charles Cheney, of Georiia, were' killed. DIES IN TRUCK WRECK J. L. Chappell, 40, was killed and Graham Haynes injured in the wreck ing of a truck load of chickens near Fredericksburg, Va., as the two were on their way from Elkin to Balti more. FATAL FALL X>URFNG FIGHT-, Glenn Wyke, 22, and Jack Hodges, both of Boone, engaged in a fight on a hotel porch at Blowing Rock one night. Both fell from the porch on to a rock ledge, with Wyke’s injur ies causing his death on Friday. The two had quarreled over the favor of a young woman. HELD FOR YOUTH’S DEATH Collie Burch and Walter Chappell, Bertie county men, are held for the death of Joe Burch, 17, whose body was found near his abandoned truck between Sunbury and Gatesville, Sat urday. The boy’s head was fractur ed. A bloody hammer was found near by. Chappell is known to have left Portsmouth with Joe Burch a few hours before the body was found by a passing motorist. KILLS WIFE IN ACCIDENT Thomas Ramsey, of Rockingham county, was trying to shoot a weasel in his barn. His foot slipped and he accidently discharged his gun in his fall. The load struck Mrs. Ramsey in the head, causing almost instant death. HIGH POINT SLAYING R. J. Kaiser, 22, High Point, was shot and killed by Melvin! Mabe, 18, Mabe claimed he shot only after Kaiser and another man had assault ed his sister, Mrs. Berta Shoe, and had struck her with a chair. Mabe is held charged with first degree murder. VICTIM OF FREIGHT TRAIN Trying to board a freight train at Hickory, Dell Crabtree, 15, Charlotte fell under the wheels and was instant ly killed. FALL VICTIM IDENTIFIED The man who fell 35 feet to his death from a trestle near Monroe, was identified the next day as Randolph Briggman, 29, Rockingham. AUTO EXECUTIVE A SUICIDE Ray A. Graham, 45, executive of the Graham-Paige Motor company, Detroit, ended his life at Chatham, Ontario, in a leap into a creek near his hotel. He had recently suffered a nervous breakdown. GEORGIA MARKET OPENS Georgia’s tobacco market opened Monday morning, with total sales for the season expected not to reach 30.000. 000 pounds as compared with 59.000. 000 last year. ELLER FREED OF MURDER Alvin Eller, charged with aiding in the murder of Gus Bounous, Val~ dese merchant, was freed of the charge at Morganton by jury verdict. Unemployed To Get Jobs On Highways Extra Employes Added To Mills Estimated At Least 200 Mills Have Reopened In The Two Carolinas The Past Week State And Federal Agencies Begin ning To Relieve The Unem ployment In This State Approximately 200 cotton mills, hosiery and silk mills and furniture factories have resumed operations in North and South Carolina during the past week or ten days, following shutdowns of various durations, ac cording to estimates compiled from various press reports. Increased wages have been author ized in some of the mills, it was re ported. A majority of the mills in both •tatcs arc 'opening »«»««. ing once more the wheels of indus try that have been idle so long in some sections. Some of the mills are running day and night while others have employ ed only day shifts. Quite a few are still on a three or four day week basis. According to press reports, dur ing the past week, orders were pour ing in daily for new business, suffici ent to operate full time until Octo ber or November. The highway commission has an nounced a plan to establish "employ ment zones” in the vicinity of highway construction! to aid unem ployment in various localities. Im mediate extensive highway projects have been announced. Other state arid federal agencies are getting underway to re-establish normal conditions and eliminate the unemployment situation. Four hundred extra employes were added at one North Carolina plant. HELD FOR SON’S DEATH George Lane, Perquimans farmer, is being held for the murder of his son, Woodrow, 17. Lane said he found the boy dead under a fallen tree, but death was found due to a skull blow. An axe was found near, by. The death of Lane’s first wife laik February is being probed. He married a few weeks after she died. Both the wife and son were insured. Secretar^ofCommerce j Roy D. Chapin, Detroit automobile magnate, is the new f'xretary of Commerce in the Hoover cabinet, succeeding Robert P. Lamont, who resigned to enter private business. Mr. Chapin is 52 years old, and has long been a conspicuous figure in the automotive industry.