The times-news. [volume], January 02, 1933, Page 3, Image 3

About The times-news. [volume] (Hendersonville, N.C.) 1927-current

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i
FOR SALE
-Autos and Accessories
> SALE—Tircj that arc un-,
nationally guaranteed for
I . '-.!>00 miles. W«
jju.n them. I'ricos from $4.15 i
i No time limit for adjust
ed. Mid City Tire Co., near I
smffice. Phone 121. *
'Houses and Real Est*t« j
BARGAIN—Six roora steam'
tared house, garage, fruit:
C'-s and garden. Nice lot«
til located. Oakland street,:
fut ,-rnuoi. $z<>vv. Only I
cash. 1> 1-2 veal's to j ay
fiance. Staton Ins. & Realty
l-Livestock and Poultry
I3H Cows $25 to $30. 500
i >:'•? of Irish potatoes, 50c.;
i!i Dalion. Rt. 2.
F Mll.K FED BROILERS—
>ti-?-rai>ed. for sale at
f; '\v;uer Farm Supply Co.'
J Main Street * I
ClAL OFFER—15 acre* ex-;
lleiii 'aim land, four miles;
frontage on F>at;
m highway. Good apple or
?■ \ ' 11ry houses and out
ildin^s, five-room modern
► ' for :>2000. See G. I
for,-. ♦ |
5—Miscellaneous
:.W CF.DAR Shingle roof is
hiun.-ive, why be bothered
Ph '.he leaks. Rigby-Morrow
Lumber, Builders Supplies,
|il .vork. I'hone 1)7. 4th
Kast. *
5SES — Any dress in the
• $5.00. Jennie Bowen's.*
forget that Jennie Bowen
a few lovely coats at
atly reduced prices. *
WANTED
-Help Wanted, Female
ED—Youn? settled white
man to coek. Third house J
A she vi lie highway. I'hone
]-J.
8—Business Services
Bs TO BLAME?—That's al
H the question after an ac
■ 11. Let us assume your rc
Bnsibility and you will not
Hv> to worry. Ask the man
B>~ has had one, or ask the
man about our prompt
v o. Ask Anybody! Ewbank
H'i Ewbank. *
B-RANCE policies should be
Bieurrent, should have mort
H clauses, if the property is
Br aced, should have vacancy
■rmits, if the property is va
Bnt—are yours up to the
B ite and correct? We will
Wdly check them for you.
■»one No. 181. F>rownIee In
P?ance & Realty Company. *
mo REPAIRING — We h«ve
H'.> best of equipment. Me
Hanic with 14 years exper
Bice. Our charges are reason
s'?. All work guaranteed.
Birlee's Garage, just outside
B. limits. Greenville highway.
1-—Good Thing# to Eat
BLF.GE boys and girls wel
Hr'o home. While you're
■ come down and loaf by
■ og tire. Shorty's Piir *N
■hist'e. "We doze but never
H^e." *
BUY HOME grown product* at
tho Curb Market, King Street
between Third and Fourth
Avenue. Open Tuesdays and
Saturdays. 7:30 a. m. *
lOLEWOW
IS CARRYING
LOAD OF DEBT
Writing Off Of Liquida
tions Will Be Accen
tuated In 1933, Said
WASHINGTON, Jan. 2 (UP)
Whethor to bo the corner grocer
on Main street, with a file of un
paid bills, or the United States
government, with defaulted notes
from France, Helium and other;
countries, the extraordinary
weight of present-day indebted
ness is a chief problem before the
world.
It is a problem which unites in
dividuals and nations. Theorists
propose all sorts of solutions for
the problem, from a wide-scale
system of international inflation
to the simple one of letting things
work themselves out. Sam Smith,
Main street grocer, and Uncle
Sam, international banker, "nsive
about the same difficulty.
Meanwhile, as the discussion
goes on. a gradual process of
writing off indebtedness is under
way. at home or abroad. The year
19I53 promises to be a voar of
liquidation. At Washington, many
of the efforts of the federal gov
ernment seem directed to easing
and cushioning the process, which
to financial advisers seems inev
itable. C.ofernment economists are
frequently heard to assert that
the sooner this impossible burden
of debt is scaled down the better.
DEBTS OF ALL KINDS
There is city, state and federal
debt; there is the local net bond
ed debt; there is the gigantic bar
den of farm mortgages; there is
the city man who has mortgaged
his home; there is the debt from
the department store account,
with an installment to pay on the
automobile, or with borrowings
against life insurance policies.
The great mass of this debt was
contracted when dollars were
cheap: it is the world's great dif
ficulty today that interest and
amortization payments must be
made with dollars that are "ex
pensive." In other words, what
has happened is that commodity
Drices ir trrms of dollars have
trone down, as they always do in
the midst of business contraction.
The men who are advising the j
administration on this major sub-1
jeet of indebtedness forecast that j
a great mass of the huge Ameri- j
can debt total will be repaid,
while another great mass can
never be collected. It will either
be written off as paper debt or it
will be defaulted through fore
closure. bankruptcy or other cum
bersome process. Isolated in
stances now frequently get into
the paper of shopkeepers who de
cide to put the pa>t behind them
with a single bonfire of unpaid
bills.
DISASTROUS FOR SOMfc
This may be good business for
some, but for others would be dis
astrous. The cumbersome process
of scaling down the debt load is
the major feature of this period
of liquidation, effecting readjust
ments in society on a deep and
incalculable scale, but rarely form
ing a subject for journalistic com
ment.
Meanwhile, public attention has
been focused on war debts owed
the United States, because of the
dramatic elements involved; but
no less an autho-itv than Mr.
Richard Whitney, president of the
New York Stock Excnange, re
cently in his annual report, said.
"The most serious debt prob
lems of the United States arc do
mestic. rather than foreign."
With the co-operation of gov
ernment statisticians, an effort
has been made to get some basis
of measurement of the present
size of American domestic indebt
edness, with the sums itemized for
compaiative purposes. Special
thanks for the facts secured must
go to the United States commerce
department.
It is emphasized that the total
figure is by no means authorita
tive, but represents a rough ap
proximation, and that the figures
included are probably chiefly val
uable for mutual comparison.
AMPLE ROOM FOR SOLVENCY
Yet if the total of nearly $147,
000,000,000 American indebted
j ness is accepted for purpose of
comparison, this gigantic sum can
still be placed against an even
larger figure—that of national
wealth. The National Industrial
Conference board estimates that
Qnswers
7 "
totodayi
„IEi.
cum
w«r ««e n.t f"
r;ur: r kmc I
a t-cwwQ r* I
iowowteo?!
ww qtv cnwts
irs Mm mmstioi;
HOURS 9
tk fcsiumpjr iwrcCMi'pv?
Richard the lion-heart
ed was a PLANTAGENET.
VIENNA, AUSTRIA, operate#
64,000 apartment houses for
over 200,000 workers. The map
B.hov-u is ECUADOR.
American wealth, as of 1930, was
$430,000,000,000. compared with
$362,000,000,000 the year before,
the decline bein^ due to deprecia
tion of values. In J 925, it is esti
mated, national wealth was also
$302,000,000,000.
Many economists believe that
the problem of what to do about
domestic indebtedness is the en
tire problem of the economic
slump. At 5 per cent, the annual
interest payment on the estimated
$147,000,000,000 of debt is $7,
330,330,330 billions alone. This
burden comes at a time when the
dollar is about twice as "expen
sive" in terms of commodities as
in the midst of the preceding
boom, and when current assets
have so depreciated, along with
' real estate and similar values, that
I it becomes difficult for the aver
age man to secure collateral.
CAROLINA BAPTIST
MINISTERS TO MEET
Announcement was made to
day that the January meeting of
the Carolina Baptist Ministers
conference will be held in this
city, a week from Monday, on
January 9, at 10 a. m. at the
First Baptist church here.
It is stated that a large at
tendance is expected, in as much
as election of officers for 11)33
will be held and a report of the
I committee, consisting of Rev. A.
Presidential Question
- -
HORIZONTAL
1 Of what coun
try is Alexan
der Zaimis
president?
6 What weight
equals 60
grains?
10 Vehicle.
13 Carousal.
14 A northern
state of Cen
tral America.
16 Deficient in
beauty.
15 Cripples.
19 Male.
20 To scold.
21 Clasp device.
23 Telluride of
lead.
25 Put a shoe on.
26 3.14> 6.
27 Twelfth of a
foot.
2S Legume plant.
2l> Matter from a
sore.
30 Ditch millet.
32 To choose by
ballot.
34 Marrow.
35 "Wrath.
Answer to Previous Puzzle
HlAiepvj
AZU'R'Ej
Bj HGOiT
IjN
lTe !MiO;N
ETsIuTsIBrIE iDfE IE WAlRiA
ni^;w
[o;ria
too
|A Dp
y;e:a;rjl,
ARDOR
pTRiOlsjEl
Til
TjEiLILlE'RHE'N
■ I
SaSbtWSe [r
ailCT
AJMlUiLlEiT
C'AM
|A!GjO
TLB
A 5
zIe
RE 5
RS
36 Small nail.
37 Demonstrative
pronoun.
r.O Northeast.
40 lted rcge
tabic.
41 To encourage.
43 Lifeless.
44 Spore plant.
45 Fish.
46 Confined.
47 Varieties of
granite.
49 Assumed.
CI Occurrence.
5-' Turf.
53 Drove.
51 Green.
VERTICAL
1 She-eats.
2 Pertaining to
kidneys.
3 Evening.
4 Snaky li^li.
5 Clergyman.
C> Ridge ot sand.
7 Rodent.
S Preposition of
plate.
9 V. S. ambassa
dor to Great
Britain.
10 Collection of
tents.
11 Doer.
12 Sun god.
14 Fence door.
15 Girl.
IT Congregated.
21 Prattles.
22 Fraud.
24 Collection of
facts.
25 Dry.
26 To jilacc.
2S Cot.
29 Auditors lr»
pits.
:;i Native metal.
33 Upright shaft
31 Nominal
vylue.
36 Pulping ma
chine.
3c> To long.
40 Inclination.
41 Chief.
42 Paradises.
43 Action.
44 To rnn away
from.
4G Golf teacher.
47 To total.
45 Bugle plant
40 Postscript.
50 Nay.
THE NEWFANGLES (Mom '11 Pop) —By Cowan,
WHEN VtX' GLT ^
YWPOUGH IN THr.Pt,
DON T roPGET THOSE
SHCUVC; iN THE K1TCMEN \
OH,HELLO LVDE\
\V\ <30 GLAD
TO VOO_
\ JUST DDOPPED |
;n TO SAY HAPPY j
MEW YEAP1. i-IEAVEN*
W! <AT'S ALL THE j
NOISE ABOUT ? j
V f X«%! :
sh sh! pop made a new yeap's \
RESOLUTION TO DO AMY THIMG AQOUNID \
. THC HOUSE THAT I ASKED HIM TO— /
pflM \ ' —r-\ ir-r\K,-r-t uh.tr> nriMC"
OUT OUR WAY
By Willis
r \F I HE.LP
HAVJE A B\Cr FOSS OK»
M^/ HAMOS-AMD \\r X
melP her, Itt. snu. ^
A Fu^-AMO IP I <=>TA^
neutral , i'ul still HAv
A Fuss - OH.NNHAT TO D<
v *•
or»f?wiLU
VOU'lL Punch me OKI TH'
NOSE., VMVAE.KJ VOO AGxREED MOT Tt)
HtT WOSE , V>/»LL v/OO? (
«U_ ^oOL POMCH ME IM Th'
4TOMACH/ AFTER AGREEinGt NOT
-To Hrr THERE , WILL yOL>?
Grab him,ma! Hold hm
FOR ME. ?
/ — . . . CANT, w»TH
GLOMES OM-ER TAWE'EM OFF FEF?
WE-eR HOLO TH' DOOR TiLLT C'N
GiT outa here*, fer gosh sakEs
do SomPm'
TO HELP A
GuV — SHE
RUMS RIGHT
.'MTo PokjciAEsJ
MEM
FRECKLES AND HIS FRIENDS
—By Blosaet
rSET vfo'jR STUFF,
FRECKLES • • WE'RE
LEAVING RIGHT
AWAY * WE'LL
HA\JE TO 6ET OUT
i BEFORE IT
! STD2MS
r
Me BUT A MlNJUTE,
UNCLE HARRY- I
EVERYTHING
WE'RE SOlW«;,TAS«|
CALL OSSIE AN"
tf-ll him to tell i
7H" OTHER KIDS
I NEVER
COULD READ
THAT BLAME
BAROMETER
BV THE BOWES OF
THE TEN! TIMERS
SHE'S BELOW TV.'ENT/
NIWE...VNE BETTCh? SHOVE 1
gey* IF "THIS 1SMT
starting iwe KJ&tf ve/tt
OFF RI<3HT, 1 DOWT "g
kMO\W WAT IS // .>€
f gegfi'M so nervous i
FORSOT OSSIE'S NUMBER...
M2RE I'M LOOK I Si' IN
THE O'S VJWEN I
SHOULD BE LOOKIN'
FDR PLE-TZENBAOM
GABRIRLEE.
fORBUSH
iiKOIN IIKKI2 TODAY
Whrn elderly AMOS IMtAIIODY
falls to liin death from the second
atory balcony of TOM A V Hit ILL'S
Long Island home I.I.MIA. Torn'a
*lfe, bcllcvca it la murder. Pea
body wna her roaxin. Rushing to
the balcony, Linda feels something
thrown abont her throat. almost
strangles nnd faints.
She and Tom decide to pretend
Cousin Amos' death *van nn Occi
dent. meanwhile devoting; them
nelvea to aolving the crime. They
have four i;ne>ti, all of whom be
come suspects: MK. STATLAMD
12 It, hualneaa naaoclate of Tom'si
CAPTAIN I)K VOS. handaome Hel
elan I MARVIN I* It ATT, former
anitor of I.inda'a: and LIAN
Sll AL'GIIXESSKY, Irlah writer. On
one excuse nnd then another the
gucata nre persuaded to llnlah ont
their week-end visit.
Linda linda the lowel with which
the attempt wna made to atrangle
her (identified l»y n atnear of sun
burn ointment) in Slntlander'a
bathroom. Torn, auspicious of
Shanghnesaey. searches bis room.
The Irishman discover* thla and
to act matters right Linda tella
hint the whole story, asking him
to help solve the myatery.
Just before dinner Sunday eve
ning Linda la alone with Stat
lander. She la Inattentive until
ahe hears him aay that when
Cooaln Amos was found dead lie
Voa appeared from the far end of
the hall instead of his own room.
This means DeVoa mnat he the
guilty man. Dinner Is announced
and Linda tins no opportunity to
tell Torn what ahe has learned.
DeVoa appears nnd Tom aaya,
"Sorry, I'll have to keep you wait
ing a moment." A little Inter they
both depart. The telephone rinca
nnd l.lnda answers. Returning; she
tells her guesta, "That was police
headquurtera. Mr. DeVoa la going
to be arreated—for murdering
Cor.ain Amos."
NOW CO ON WITH THE ST Oil X
CHAPTER XLVII
»6T SUPPOSE if 1 leave you two
young Idiots alone you'll talk
ill night" Kathleen Averill, stand
ing In th«j doorway, surveyed her
son and his wife with marked dis
favor. Torn looked nway guiltily
and Linda, sitting up in bed, smiled
disarmingly.
"Wo will," she said. "Rut, Kath
leen, don't you see I've got to? It's
tho one thing I need. I'll hurst If
I don't."
"And you'll bo sick if you do.
Well—I've nothing to say about it.
Tom won't be turned out and once
you get him alone he hasn't the
backbone of a jellyfish."
"Rackbone! I wish you'd seen
him," cried Linda indignantly, "go
ing off all by himself with that
terrlblo man!"
"Don't!" Under her delicate, be
coming rouge Tom's mother turned
white. "I shan't 6lecp a wink to
night and you're a—a monster if
you do."
"All tho more reason—"
"Thero's no reason in you—either
of you." Ashamed of her momen
tary weakness, Mrs. Averill spoke
Bharply. "It was a crazy thing to
do and It's a wonder you're both
alive to tell the talo. Now don't
argue with mo. Rosie's fixed me a
shake-down in tho nursery and if
you have hysterics or any of the
things you should have arter such
an experience, bang on the bath
room wall and I'll wake right away
That is, if I'm asleep." she added
hastily, "which I doubt I shall be.
Good night!"
And slio firmly closed the door
behind her, leaving neither of them
at all misled as to her real anxiety
and affection.
"She's a lamb, isn't she?" com
mented Linda, settling herself lux
uriously among the cushions. "Uut,
oh. Tommy—1 thought 1 never
would have you all to myself! Now.
for heaven's sake, talk. I'm frantic
to know all about it."
"Are you sure you ought?"
"Don't be an absolute goat! Do
you want mo just to curl up and
dio?"
I "Heaven forbid!" He still found
it difficult to do anything but look
at her rather hungrily. "Where
shall I start?"
"At the beginning. That Is, we
went downstairs and that Stat
lander man calight you and you
went off to the garage. What 1
don't see, Tom, Is how you knew—
because I found out while you were
gone—and you thought it was poor
Marvin."
"Poor Marvin—poor me! I was
having lita talking tennis to that
man ana thinking you'd got the
goods on him somehow and that 1
had to leave you and drive DeVos
to the Stoners. How did you fiud
out. Binks?"
"One of those 'littlo things.' Stat
lander was rambling on and sud
denly he said something about the
nursery. I was wool-gathering, but
L mado him repeat what ho said
and in that humorous;, careful way
ho went over it again. About how
curious It was that when 1 col
lapsed in Cousin Amos' room, Mr.
DeVos appeared from tho other end
of the hall—our end. I never did
know how ho got on the subject.
That hit me, Tom, just like a real
blow. I couldn't get my breath.
There it was—tho small thing we'd
been waiting for. 1 thought 1 must
get to you—and then dinner was
readr and Marvin came down and
| Mr. Statlander had a sudden fit of
i manners and went off to get you. 1
J was so full of excitement and sus
I pense I thought I'd pop! While
you, poor dear—"
• • •
I had Marvin picked for the
^ guilty ono, all right. I was
afraid to look at you and all the
time you were waiting to set me
right If I did!"
"That meal was ghastly. 1 kept
waiting to hear—his step—in the
hall and when 1 did and he came
and stood behind me—! But then,
Tom, something hit you. You start
ed to get up perfectly cheerfully
and naturally—"
"Uinks—It came over me and 1
nearly gave the whole show away
right there, lie stood there smil
ing. with his eyes sort of droopy—
you know—and a littlo mocking,
somehow, a9 If be knew something
I didn't 1 see now he has looked
that way all the time but I Just put
it down to his cool, superior foreign
ways—"
"But, Tom, what—?"
"Oh—his white shirt front,
Binks."
"I!is what?"
"That was It—what I saw from
the raft, the 'something' 1 couldn't
locate. As soon as 1 saw him there
it came back to me in a Hash. 1
saw him just the way 1 did then,
only not so far away. You see,
Marvin had beon In undershirt and
trousers and Statlander in a terry
cloth bathrobe but JeVos hadn't
undressed that night. He had bis
coat off and a long, dark robe on,
but from the raft 1 caught that
splash of white—horseshoe shaped.
It stood out from the black rest of
him. In daylight it Just looked
wrong. But I never could place It."
"He didn't undress? But—"
"Yes. He must have lied to you
You told me that when he talked
about It with you he said he tin
dressed and sat and dozed In the
big chair by the window—"
l$«
146 WAIT a niomcnt» Torn. He
j " didn't quito say that—but 1
did tavo that Impression." She
hugged her knee3 and bent her
head on them In concentrated effort
to bring back the exact words. "He
said, 'I made myself comfortable In
the chair by the window and dozed
off there—' That was It, Tom. 1
misled you. When he said 'made
myself comfortable,' 1 took it for
granted he meant he undressed and
repeated to you thai way. I'm
awfully sorry!"
"That was perfectly natural. I'd
have gone on the same assumption.
I suppose ho took off his dress coat
and put on the bathrobe. Now 1
think about it, remember some
thing else that should have told me
! a lot When ho Joined us in Cousin
| Amos' room ho had a very long
j robo on and it was drawn close
j across his cnest—lapped way over.
: Of course that hid the white shirt
j front and made him look entirely
j different."
"How—how did he take it?" In
voluntarily Linda shivered violent
ly and immediately his hand was
laid over hers.
"Well—badly—"
"He was—violent?"
"Cle«jr off his nut. I told you
it'd be all a bunch of us could do
to manage whoever it turned out
jto bo, when the time came. They
sent four men—thought I was
1 crazy when I called but somehow I
put it over and we needed •▼CTJ
man of them. It wasn't a prettjr
scene." '• v«
"I suppose he killed Bunty?"
"He laughed about it—Jeered at
rne—for caring about a fat old _do*
1 supposo. He was a maniac, Blakt.
Yes, he went out that night and
prowled about—"
• m a
6&OUFFERED from insomnia. Att>
^ other thing I forgot. WhejS
wo met In the city at the oAjfr
early in the week he spoke of It*-"
said he always slept badly lo hotel*.
It was just an allusion and 1 forgot
all about it. Added to this blatlM
neat—this sort of spell alwajv
strikes a European as direct from
hell—he was probably all keyed n)
from at least two and perhatw three
or four nights without sleep. Tilt
first night be went out and roamed
around—and Bunty shffered for It
You can Imagine she'd be right on
the job with an unknown prowllflt*
about after midnight, poor spool?
little cuss! Then the next algbt
after the row at the club and the
dance he came back to that hdf
room—it was the worst night of aft,
you know—and knew hs hadn't •
chance in the world to sleep. 86
he just 'made himself comfoftabfo'
in the chair and probably sat then
brooding over the quarrel and th<
Insult he endured from Cousin
Amos."
"And the door went rork*rorlt
rork—"
"His window was parallel with
that door and he could hear tf
| louder than anyone else."
She sighed. "Well—Tom—we 414
It. Thank heaven it's over!"
"But by a very narrow marfla,?
he added soberly. "The chance re
mark of Statlander and my In*
presslon of the shirt front."
"Speaking of Mr. 8tatlander—1■
Linda's Impish grin was, lo a ngfr
ment, as dauntless as ever. "Yoti'fl
not very complimentary about y.Mi
senior, are you, darling?"
"Well, he is an old fool
made more trouble, unnecessary
trouble—"
"Have you talked It over wltt
him?" • Vt*
"Lord, yes. We've all hashed
and re-hashed. After you pulled ttH
faint—don't be peevish, honejv i<H
had plenty of provocation and lit*
body blamed you!—Shaughnessej
turned you over to Rosle and thi
called up mother, and the hro 0!
them bundled you off. MeauWhty
our Irish friend had the limt of
his young life—a grand yarn to tell
and an audience that was pop-eyed
with excitement. When I got ha£l
-dog-tired, dishevelled and ajfci
with worry about you—they alt'tlB
on me liko wolves to hear the eftd
of the story." • ''iffr.
(To Be Concluded) i "< '
J -
I. Justice and Dr 10. E. Uomar, of
Tryon, on "Where the confer
ence should meet and what sub
jects should it consider for
1933" will be considered.
The Rev. W. II. Davis is pres
ident of the conference at this
t'mc and the subject to be dis
cussed by the ministers in their
first meeting of the New Yoei'i
will be "What should cach of us!
ministers (lo to improve his own
spiritual life, Js to reading God's
word and habits of private pray
er?" Dr. Bomar will lead this
discussion.
USE THE WANT ADS.
Prolific Flies
One well known authority on the
house fly says that In (he latitude
of Washington, 1). C., a single over
winter female may have, by tue
last last of Sept en* her, 5,598,720,
000,000 descendants, and nil that In
about four or live months.
Drunkard'* PunUhraaat
The drunkard's cloak was snfoid
English punishment for drunkaonqf.
A spirits barrel was hung orirthi
drunkard with holes la the'rfjtybc,
through which his hands' ifcrl
thrust. lie could neither trtt noiHW
down. i