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Henderson daily dispatch. (Henderson, N.C.) 1914-1995, March 01, 1932, Image 3

Image and text provided by University of North Carolina at Chapel Hill Library, Chapel Hill, NC

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn91068401/1932-03-01/ed-1/seq-3/

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New Rulings Regarding
Reserving Os Books At
Library Now In Force
Among tiif #*• book* Mat an now
a , library there are several by fhv
author*. Some of the book*
,rut will be to great demand ana some
0 i the new non-ttotloo book*.
Mourning Become* Elecftra,” by
Eugene ON«Hl. la a trilogy. O'Neill
* recognized aa the foremoot Amerb
( m draraatl* Tb« time of the play*
y the period of tb* Civil War,
For the lover* of poetry Edwin Ar
lington Robinson ha* a new narrative
Matthias At The Door." Ttvoee
aho have read Iris ’Trtatram" and
Oavendar's Houae" win welcome this
\oliane.
Two biographies of popular appeal
are tJoal*” by Hurt and "Robin Hood
of El Dorado” by Burn*. The firm
„f these is a life of the beloved Knulte
Rockne; the latter la a saga of Jao
ijuin Mum-'U. famous outlaw of Cali
fornia s age of gold. Walter Noble
Burnt author of “Billy the Kid” has
written an arcount of the famous out
law 5 life as thrilling aa anjf western
story.
The Yearbook of Short Plays” i*
a rollecaon of non-royalty plays
which will be used by the various or
ganizations producing abort play*.
Os the novel* Sylvia Thompson’s
•Summer* Night” Is outstanding, it
awenttally a picture of the cdaah be
iwM*n the old and the new society
which is taking place In England.
The story of an architect la delight
fully told by Helen Alston in her
Bncke and Mortar ” Brick by brick
Martin L-ovell bulkfc the pattern of hts
life
Harriet T. Comstock has written a
number of attractive romances. “The
Flame of Devotion” Is the story of
Phyllis and her love for Conrad who
was contemptuous of her gtfden world.
One Cornea Out” by Margaret Wil
son is the story of the governor of a
LITTLE CHANCE OF
GETTING U. S. TAX
(Con tin usd from Page One.)
who have been analysing this pro
posal.
The suggestion that an amendment
b* attached to the bill now before
Congress to return to the State an
amount equivalent to approximately
•me per cent of the total value of the
manufactured goods within that State
was made here last week before a
meeting of the board of directors of
the North Carolina Merchants Asso
ciation The board seems to regard
the passage of a two or three per cent
Federal production tax, or sales tax,
to be paid at the source by the manu
facturers. as almost inevitable. The
resolution, calling upon the State’s
senators and congressmen to seek the
amendment to return th equivalent of
one per cent on the value of the
manufacturers In the State, was pre
sented by Dallas Holloman, manager
of Raleigh's largest department store,
of which General Albert L. Cox. still
a prospective candidate for governor,
u president.
North Carolina would get back a
total of $7,807,000 a year under this
plan, according to Mr. Holloman, if a
three per cent production tax should
be levied against the estimated total
value of the State's manufactured pro
ducts within a year and one-third of
the collections returned to this State.
The total value of all North Carolina
manufacturing at the present time is
estimated at approximately $7,807,000,-
It is the contentions of those who
favor this plan and think there is a
possibility that Congress will agree
,f > it. that by returning to the State
17.807.000 of the revenue each year,
enough additional money will be
made available to absorb the $4,500.-
"W property tax for thq, six months
-chool term and still leave some over,
and hence made it unnecessary for
the state to levy a sale* tax on the
merchants. The proposed tax would
te paid by the manufacturers at the
WEAKNESS
tired feiling /t ’V
CARDUI had helped many.
women, as In a case described I
below by Mrs. B. F. Fofle, of
Sulphur, La.: “I suffered a
great deal from weakness
and a very tired feeling. 1
was nervous and my
back ached. I did
not sleep at all well,
so did not feel equal
to my work when
morning came. My
sister told me that
she thought Cardul
would benefit me.
and after I began
taking it I could tell that it
did help me. I rested much
bett *r, and felt better in
every way. I took six bot
tles and it was quite a bene
fit to me.”
,CARDUI
*o/ct at Drug S tore*
«***“*» lnttitutton and his dfctftke tor
* COQ ® °* the duties which he Is foreud
t° perform. He Is commended to kiU
a of whose guilt he Is not aa-'
Tb* lenuton Stougbaul the
P°°k 1* relieved at Che last moment
by * great decision.
For the boy* there Is a new Bar
bour book, “Dtnbyk Error” and for
th* girls "Pinafores and Pantalets”
by Ornate and Curtis. "Stories of the
States” by Sanchez la an interesting
book on the dimes containing many
faots which are no* found readily in
any other book.
When these new books appear on
the shelves, the library is Inaugurat
ing a new rule In regard to reserves
on the new books. Heretofore the
library has gladly reserved any book
that a person requested and telephon
ed the person when the book waa re
turned to the library. For the past
year the number of requests for this
special service has Increased to such
proportions that It has become ne
cemery to change the system now
used.
The library does not have a tele
phone and It is necessary for someone
to g<o out of the building to do the
telephoning. This takes more time
than the staff has to give to the re
serve work.
Those persons who have placed re
serves on books and have not b«en
called as yet will be notified when
the book Is In the Hbrary for them.
Anyone wishing to reserve a book
from now on will write a request on
a postal card provided for this pur
pose and pay twpo cents to pay for
the same. This card will be mailed
to the individual when the book Is In
the Übrary and will be kept there un
til the date stated on the card —two
day* after the notice is mailed' Any
questions about the reserve system
will be gladly answered at the library.
time and place of manufacture and
not by the merchants will not have
to worry about any extra bookkeep
ing or wtih the bother of making re
turns or payments. This is regarded
as one reason why the North Carolina
Merchants Association have endorsed
the plan.
When analysed, however, the pic
ture is by no means attractive as
painted by Holloman and The News
and Observer, which has been an ad
vocate of the sales tax from the be
ginning and now seems to regard this
plan as an acceptable substitute for
a State sales tax.
Even if Congress should agree to
return an amount to the State equal
to pne-third of the amount collected,
as proposed in the Holloman resolu
tion, the amount would not exceed
more than $3,800,000 a year at most,
since the estimate of $7,800,000 In
cludes the total value of manufac
tured tobacco products In the State,
which amount to approximately $400,-
000.000 a year. However, Representa
tive Rainey, of Illinois, in charge of
this measure in the House, announced
last Friday, according to a report in
the New York Times, that manufac
tured tobacco products would not be
included under this bill, but would be
served for much higher schedules.
Hence the value of manufactured
tobacco products must be deducted,
leaving a total of only about SBBO,-
000,000 for other manufacturing In the
State, of which about $350,000,000 is
textiles and furniture. So this plan
would saddle almost the entire tax
upon the textile and furniture manu
facturing concerns and then yield not
more than $3,800,000 a year, or $700,-
000 a year less than enough to make
possible the removal of the 15 cents
tax on property for school purposes.
However, no one believes hei\ that
Congress will consider for a minute
adopting any amendment to the pre
sent production tax bill to return any
of the revenue received from it back
to the States, since every cent of Fed
eral revenue Congress can raise is
needed to hip reduce the national de
ficit.
BOOM FOR GARNER
ADDING MOMENTUM
(Continued from Page One.)
cutive'B hints at liberal learnings, fa
vor Garner.
The Texan is one of the most out
spoken individuals in public life, but
hitherto he has been politically an
swerable for his opinions only to the
fifteenth congressional district of the
Lone Star State.
At a guess, one would say that, con
sidering its geography, It undoubted
ly is a dry district. Nevertheless, Gar
ner voted against the eighteenth
amendment. The amendment having
been submitted, in spite of him, and
ratified, he has voted since then, how
ever, for legislation, including' the
Volstead act. to enforce it and to fi
nance its enforcement.
It would seem to be a reasonable
surmise that he was oppvsnd to na
tional prohibition but believes in en
forcing it while It remains, even
against his judgment, in the consti
tution.
To be sure, this is conjecture, but
if it is what the folk of the fifteenth
Texas congressional district do con
jecture, it evidently is satisfactory to
them, for they are still sending the
present speaker to Washington.
Os course, the attitude of Speaker
Garner on all sorts of national ques
tions does not become his while
party’s business, if be is to be regard
ed henceforward as a candidate for
first place on Its 1993 presidential
ticket.
As a matter of fact, that actually
is his position—but not yet, in the
fullest sense of his own volition.
It k a position he was tossed Into
suddenly, by others.
t Is hardly fair to expect him com
pletely to realise quits so abruptly
HENDERSON, (N. C.J DAILY DISPATCH, TUESDAY, MARCH 1, 1932 1
that he Is ,In ths presidential run
ning.
A presidential candidate who, m
reality, has been a candidate for two
or three years, but has refused to
adaait It, for Um very obvious pur
pose of dodging the necessity to com
mit himself on controversial subjects,
scarcely can escape the charge of try
ing to straddle. But up to fewer than
a dozen weeks ago It is a certainty
that Garner never had thought of the
White House In connection with his
personal future.
It Is not surprising that It has taken
the Idea as long as that to soak in.
In the meantime an amazing as
sortment of supporters have been
grouping themselves under the ban
ner hoisted In the Texan’s behalf. It
will be a sight to behold what follows
when they begin to bear from him.
In particular, can he hold them to
gether on the wet-and-dry Issue ?
If times brighten, as they show
signs of doing, taking some of the
voters attention off from economics,
prohibition may be the nub of the
campaign.
How can a Democrat hope to win
next November without the big wet
states—New York, New Jersey, Mas
sachusetts, Illlnolos and maybe Ohio?
Yet how can a wet hang upon the in
dorsement of Dr. Francis Soott Mc-
Bride and Bishop James Cannon, Jr.
—which has been accorded to Garnet 7
t shows the faith of the wets in the
Lone Star statesman that they have
not even blinked at this approval, plus
Senator Morris Sheppard’s—but na
turally they doo look for him to dis
avow the Anti-Saloon League.
Meeting the Test
* * Life Insurance, the great stabilizer of human welfare, carries on *
PjEACE OP MIND, with which to face the present and the way to education; to replacement of earning {power
plan for the future, never has meant more than it means cut off by death; to establishment of credit; to liquidation
today. These are trying times. It is difficult to believe of indebtedness; to estate creation—to* these anil other
that anyone has escaped the effects of a world-wide de- family or business objectives. "
flation of values, contraction of enterprise, social change. *
* * •
That life insurance companies, during the past year,
have been able to show an increase of insurance in force is Metropolitan Life Insurance policyholders, representing
indeed a tribute to the high purpose which these institu- about one . fifth of the popuUtion. of United States and
tions serve It md.cates a growing national consciousness Canada> should deriv<( d Mtirfactioo from accom _
of this reliable form of financial protection. r , . _ , ,
paijymg statements of their Company. It miist hearten
Life insurance is, in a real sehsc, an investment in peace them to realise how sound their life insurance protection
of mind, with interest payable in future comfort. It paves continues to be.
Metropolitan Life Insurance Company Metropolitan Life Insurance Company
4
Financial Report to Policyholders „ .
for Year-Ending December 31. 1931 Some Noteworthy Doily Averages
,/. a; Ammmsi fitu with u. °t the Company s Business
New Ytrk State Insurance Department.) I I During 1931
Assets $3,596,115,653.72
(larger than any ether financial institution In the world) Number of Claim* Paid
Liabilities , 1T - .
Statutory Reserve ..• . . $3,055,308,878.06 i ’ l77 ** a * y f
Reserve for Dividends
payable in 1932 upon Number of Life Insurance
Industrial Policies . • # $47,463,634.00 Policies Issued and Revived
Ordinary Policies .. . 52,406,629.69 18 »c« d
Accident and Health Policies 2,530,500.00 J
ait ™ T< J t f 1 l P iVideDd# * * i£!2 , 2£’S? Amount of Life Insurance
All Other Liabilities •• • 175,135,774.51 Issued, Revived and Increased
Unassigned Funds .... 227,270,237.52 $11,320,790 per day
note— $3,590,115,653.72
On the basis of market values as of December 3 i t Payments to Policyholders
1931 of stocks and of bonds not subject to amorti - and Addition to Reserve
xation, the Total Assets are 13,571,679,092.24 S 2 22 , d . v
and the Unassigned Funds $206,833,676.04. **,**,£* per day
Income in 1931 $907,093,871.37 'jg Increase In Asset.
Increase in Assets during 1931 . 280,093,835.55 "7.
Paid-for Life Insurance Issued, M| $924,402 per dsy
Revived and Increased in 1931 3,430,199,381.00 /flip \
(Excluding Increase em Crenp Fe Octet)
Total Bonuses and Dividends to JgSA Growth in Ten- Year Periods
Policyholders from 1892 to end
including 1932 . 723,377,180.89 |M Life Insurance Outstanding Assets
JjnHH Policies in Force Life Insurance 6t End
Life Insurance Outstanding . . at End of Year at End of Year of Year
Ordinary Insurance $9,848,994,131.00 JOEM ‘ lIJWIUI #1
Industrial Insurance (premiums 55559 '7 **'* ... l»»“ • • si4,tot,sW • . •#i,ieg t /ee./e
i Group Insurance ? i SffiSw |£|g «»»' •' •
: Total Insurance Outstanding. . $19,447,343,949.00 §g;gj 1891 . .2,281,640 . . 258,717,763 . ~13,626,948.21
(Larger Ann any elker life insurance company he the werld) SS* \
Policies in Force (including 1901 . .6,234,302 . .1,076,977,304 . . 74,771,758.56 ;
1,491,9/lr Group Certificates) , , . • 44,520,810 ■ *Y
(Mere than any ether tife in.nrenc* company) gSSgL 19,1 * 12 ’ #07 ’ B8 • • 2,399,871,007 . . 353,013,477.36
Accident and Health Insurance Outstanding £f§jj 1921 . 25,819,846 . . 7,005,707,839 . 1,115,583,924.54
Principal Sum Benefit .... $1,519,460,528.00
Weekly Indemnity ••. • • 14,969,413.00 1 1931 . 44,520,810 . 19,447,343,949 . 3,590,115,653.72
This Company is a mutual organization. It has no stock and no stockholders.
All of its assets are held for the benefit of its Policyholders,
METROPOLITAN LIFE INSURANCE COMPANY • NEW YORK
FREDERICK H. BCKER, Pres/<fe»f LEROY A. LINCOLN. Vice Premident and OanaemJ CmumW
Democratic Convention -
Scheduled for Raleigh
After the June Primary
(Oon turned from Page One.)
the Raleigh auditorium will be com
pleted In time to bold It here.
Avoid Nad anal Fight.
Whether or not the Raleigh audi
torium will be completed in time for
the convention Is scarcely a factor,
however, In deciding whether to hold
the convention before or after the pri
mary. The biggest factor is admitted
ly the national Democratic situation
and its present murkinesa and decided
uncertainty, together with the shadow
which Alfred Emanuel Smith has
thrown across what seemed to be sun
bathed path to Democratic victory
next November. The past two state
conventions were postponed until aft
er the State primary in order to keep
out of the primary campaigns as
much as possible the effects of the
national campaigns, with their coun
ter currents and prejudices, especially
when Smith waa seeking the Demo
cratic nomination for president in
1928, Even then, with the convention
held after the State primary, the
Smith forces were not able to carry
the State convention, the anti-Smith
forces centering on Cordell Hull of
Tennessee.
Now that Smith is again a candi
date for the Democratic nomination
for presidO>‘- though apparently with
little or no following in North Caro
lina—and with the outcome of the Na
tional Democratic Convention admit
tedly uncertain, a great many of the
I Democratic leader* in the State think
it wise to defer the State Democratic
Convention until after the June 4 pri
mary, for two reasons. First, this will
serve to keep the national campaign
and its issues out of the State pri
mary campaign and second, will af
ford a greater length of time for the
crystallization of opinion among
Democrats over the nation as to the
Democratic nominee for president.
Roosevelt vs. Garner.
At the present time it appears that
the contest for the Democratic nom
ination will be between Governor
Franklin D. Roosevelt of New York
and Speaker John N. Garner of Texas,
with virtually no soutnern Democrats
who think Smith has a chance to do
anything more than block the nomina
tion of Roosevelt. However, it is al
most four months until the Demo
cratic convention. But if the State
Democratic Convention is deferred
until after the June Primary, and
held only two or three weeks before
the National Convention, it will In no
way stir up divisions or antagonisms
within the State and at the same time
make it possible to judge more ac
curately of the trend over the State
and nation. This will make it easier
for the convention to decide how it
will instruct its delegates to the Na
tional Convention or whether to in
struct them at all.
Chairman Odus M. Mull of the State
Democratic Executive Committee,
woud not discuss today what action
the committee may take tonight, say
ing the matter was one for the com
mittee to decide. But it is known that
Governor O. Max Gardner is in favor
of postponing the convention until I
after the primary and that many oth
er of the Democratic laadars to the
State are in complete agreement with
Governor Gardner, Including Chair
man Mull. As a result, many of the
older political heads hers expect the
convention to be postponed until after
the primary with the meeting place
to remain in Raleigh, as in the past.
Artillery, Planes, Machine
Guns, Tanks Participate
(Continued from Page One.)
Chinese sooner than the League of'
Nations peace proposal could become
operative.
A terrific explosion, wAiicfc
the entire city of Shankhai without
being clearly heard, took place when
two mines blew up close by two Japa
nese warships in the Whsngpoo river.
Inhabitants of th* international set
tlement rushed into the streets
screaming that an earthquake had
dtruck.
The Japanese Hnes Struck with a
fury unknown heretofore In the con
flict, their tanks dashing backward
and forward like maddened monster*.
They said they had achieved an ad
vance of more than a mile.
FINALS AT STATE
WILL BE OUTDOORS
Raleigh, March I.—The senior class
of North Carolina State College yes
terday voted to hold commencement
exercises out of doors this year. Here-
PAGE THREE
tofore, Pullen Hall, the college audi
torium, has been the scene of the ex
ercises, but due to the increasing size
of tb* graduating class each year, this
building is too small to accommodate
relatives and visitors. Last year sev
eral hundred parents and friends of
the seniors were unable to see the
ceremonies and many could not even
get into the hail.
A site In front of Holladay Hall, the
oldest building on the campus* was
selected. The seniors believe the selec
tion of this location, with a beautiful
expanse of lawn, is particularly fit
ting because Hoilaway Halt once
housed the entire institution including
steeping and eating quart<xrs and
classrooms.
In 1898 the first class of seniors
was graduated while this year 300 de
grees will be granted.
Wife Preservers
To make cabbage, and carrot sal
ad. shave cabbage /fine, drop in Ice
water to crisp. Drafln, combine with
grated carrot hi i z lightly with
favorite and serve with
cross strips of gsfeen pepper-

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