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Henderson daily dispatch. (Henderson, N.C.) 1914-1995, May 14, 1932, Image 6

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Persistent link: https://chroniclingamerica.loc.gov/lccn/sn91068401/1932-05-14/ed-1/seq-6/

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ASSOCIATED AND CENTRAL PRESS HE^yira
POLITICAL TALKS
ON FRIDAY NIGHT
Local Candidates Heard At
North and South Hend
erson Meetings
Audiences at both North Henderson
•ml South Henderson heard candi
dates for local political offices in brief
addresses last night. Good crowds
turned out at both places, it is under
at ood.
At North Henderson. M C. Pearce
spoke In behalf of his candidacy for
the State House of Representatives,
and J. hi. Peace, manager in this
county of the J. C. B. Ehringhaua
campaign for governor, spoke in be
half of the Elizabeth City man.
At South Henderson there were
more speeches. John B. Crudup. can
didate to succeed himself In the House
of Representatives, was a speaker,
and Mr Peace also spoke in behalf
ol Mr. Khringhaus. Henry T. Morris,
county manager for Robert R. Rey
nolds. candidate for the I’nited States
Senate, also spoke In behalf of that
candidate, as dfd also Sheriff J. E.
Hamlet, candidate for h second term
as sheriff, speaking in his own behalf,
and K. O. Falkner. who is a. candi
date for county coroner.
U. S. Dictatorship Is
Seriously Considered
In Official Quarters
- tContlnuad from Page One.)
administration is regarded by VVash
tagton's cognescenti as almost offi
cial. containing in an introductory
paragraph this sentence .
"Never before bns the Congress of
the United States stricken such terror
in the financial and business capital
of America.'*
The two or three lines quoted fairly
represent the general tone eof the ar
ticle running to the better part of a
column . -
While Senator Reed's and Rente
sentative Snell's remarks Prevalent
Hoover's message and subsequent
“handout" to the correspondent--- and
Journalist laiwrence's account of New
York's state of financial and com
mercial perturbation are along mb
ifantiallv an identical line with a
senes of interviews and radio talks
which have seriously ruffled congres
sional sensibilities for several months
past, it Is a fact that they were rath
er more than usually concentrated.
.There also was something tmore
than ordinarily deliberate and con
sidered about them.
Thus, although Senator Reed denied
that he intended td propose "that we
make Mr Hoover our Mussolini." he
d{d stand pat that, "if we are to get
economies made they have to be made
by someone who has the power to
make th order and stand by it."
K’>rthermore. when the evidently
decidedly nonplused Senator William
C* Borah specifically asked ths Penn
sylvanian whether he really Ranted
*'{be statement to stand which he
njade. that "if ever this country need
e<l a Mussolini, it needs one now "
when the Idaho solon put this query
straight up to his fellow statesman
from the Keystone commonwealth,
the latter stuck to it. That is to say,
it -went into the Congressional Rec
ord the official report of the law
makers' proceedings and there it is
now. though its author could easily
have blue-penciled it. had he chosen.
Clearly, he meat it.
Thrift and Good
Management
Are Especially
Important Today
This is a time when every individ
ual who can do so, should build a
reserve for the future. It is a time
for the business man to look
ahead and plan ahead for coming
opportunities.
The service and facilities of this
bank are ready to be devoted
actively to this business of pre
paration for good things to copne.
We shall be glad to cooperate
with you along these lines.
We hope you will make it a point
to consult us whenever you have
some problem in which our co
operation and experience might
be helpful.
Citizens Bank
and Trust Company
Henderson, N. C.
LEADING BANK IN THIS SECTION?
CAPITAL AND SURPLUS—SSOO,OOO.OO
"The Roll of Honor Bank" . *
KIWANIS MEETING
IS HAD AT DABNEY
Parent-Teacher Association
Serve Dinner On Friday
Evening
Although meeting at the Dabney
high school, five miles from the city.,
the Kiwanis dub reported an attend
ance at its weekly luncheon meeting
last night of 97 percent of Its mem
bership. The dinner was served by the
Pnbnev P T A . and declared to have
been a most delicious one.
The program was in charge of W
C. Cates and J. E. Hamlet. One of
the features was a charge brought by
Jasper B Hteks against Dr T S. Roy
ster that the latter .a surgeon of the
city, "cut up" C. O. Seifert so that the
latter could not attend the inter-city
music contest between Hemierson and
Oxford Kiwanis clubs in Oxford on
Friday night of last week. Mr. Setfert
underwent an operation for appen
dicitis ten days ago. J. C. Klttrell snd
Rev. I W. Hughes defended Dr. Roy
ster from the charge, and much mer
riment was afforded members.
Several harmonica numbers were
given by E. G. (“Dutch") Glenn, mem
ber of the club, and by H. B. Hicks,
of near Dabney,
The club will hold its meeting next
Friday evening at Townsville it was
announced, and the dinner will be
served by the Parent Teacher Asso
ciation of the Townsville high -rhool
New Decoration
Is Now Offered
Ex-Service Men
A new award for ex-soldiers was
announced here today by James C.
Cooper, major of the 120th Infantry.
By order of the President of the
United States, his statement said, the
Purple Heart,, which is a distinctive
military decoration created by Gen
eral George Washington at Newburgh
in August, 1782. during the War of
the Revolution, has been received out
of respect to his memory and mili
tary achievements. Many ex-service
men who received awards for merit
orious conduct are entitled to wear
this decoration, and should submit
their credentials for it to the ad
jutant general of the army.
Three Transfers
Involved In Deeds
Filed On Friday
Three deeds were filed yesterday at
the office of the rgeister of deeds, all
involving city transfers.
Carrie Tart and Wesley Tart, her
husband, conveyed to Wesley Tart and
Carrte Tart, property on Southerland
street for $lO and other considera
tions. '
Waddell Gholson. Jr., trustee, con
veyed to Jesse Huffman and wife for
$lO arnd other considerations, two lots
on .Route.so north of the city.
Jesse Huffman and wife conveyed
to Waddell Gholson. Jr., trustee, for
$lO and other considerations two lots
on Route 50 north of the city.
A mouth is th emost expressive and
moat characteristic feature of a face,
and therefore the most elusive for
the artist's brush.
ItvttliEriiOttßaily Siapofrlj
FORCED LANDING FOR LITTLE LINDY
■'X';-,y- - * .; J 1. •
.. Star 1
FINALS ARE HELD
IN DABNEY SCHOOL
Exercises In Auditorium
There; Dr. L. E. M, Free
man Speaker
Dr. L E. M. Freeman, was the
commencement speaker on last Thurs
day night at the finals of Dabney high
school, held in the school auditorium,
of which Prof. B. A. Scott is the
principal.
The salutatory was given as the
first number on the program, and
was by Beatrice Matthews, after
which E. M. Rollins, county super
intendent. presented the speaker The
delivery of certificates, awards and
diplomas followed the address, and
then came the valedictory hy Nannie
Belle Matthews. The benediction was
by Dr. Freeman.
A number of awards and rizes were
given, in addition to the dilomas and
certificates.
The exercises were attended by a
large audience of atrons and friends
of the institution which has just
closed one of its best years.
Impulses pass along our nerves as
a series of electrical telegraph signals
and our thought itself Is nothing more
or less than a conglomeration of these
impulses.
AS YOUTH CLUNG TO AKRON’S CABLE
v <
I
*
% *
This graphic photo of the U. S. S.
Akron, shows the world’s largest
dirigible trying to moor at San
Diego, Cal., as Charles Cowart,
19-year-old sailor, clung precari
ously to ohe of the cables. Co
wart was able to ding to the rope
sand was hoisted 300 feet to safety
Aviation Forging Ahead
Despite The Depression
Government Air Contracts Trimmed Slightly, But In
creased Passenger Business In 1932 Expected To
Overcome That, In Opinion of Mr. Babson
BY ko<;er w. babson,
Copyright 15132, Publishers Finan
cial Bureau.
Babson Park. Mass., May 14.—1 am
often asked: "How about aviation?
Do you still think It has a great fu
ture or has the depression ruined its
prospects?" My answer is that the
figures speak for themselves. 18 per
cent more passengers, 14 per cent
more mail, and 200 per cent more ex
press were carried In 1931 than in
1930. In 1932, judging by the increase
for the first four months, at least 20
per cent more passengers and mail
will be flown than last year. This
year a total of over 50,000,000 miles
will be flown on regular domestic
airline routes as against 43,000.000 in
1931. and 36.000,000 in 1930. Hence, not
withstanding the many difficulties
aviation has experienced in the past
two years, the underlying trend is
still forward, even though profits have
suffered in the readjustment.
Like every new industry, aircraft
manufacture tried to grow too fast.
From its over-expanded condition in
1929, a readjustment’ was inevitable,
anyway. The depression simply speed
ed up the process. As a result, the in-
Central Pr**t Trlephota ’
fnto the hatch of the big ship, but
two other men, members of the
ground erew, were killed a mo
ment before this photo was taken
■when they lost their grips on the
rope as the dirigible surged up
wards. After four attempts the
wat> Lashed t§ its msL -
dustry as a whole is now in a far
more sound position for permanent
growth. Weaker units and marginal
producers have been eliminated from
♦he field. At the beginning of 1932
(here were 82 aircraft manufacturers
as against 101 in 1929. Os these 82
only 16 were actively operating. In
other words, the number of active
plants making airplanes is about 50
per cent less than it was three years
ago. Hence, instead of great surplus
production over sales, as In 1928 and
1929, production is running below
sales. In the twenty-four months end
ing December 31, 1931, 5,078 planes
were made and 5.594 were sold. This
is a healthy situation. It means that
I Money In The Bank |
I Insures Safety and Independence I
Create the desire to save a part of your income through
a savings account and cultivate the habit as you would
a rare and delicate plant.
The time to start is now, not sometime in the future.
Make a firm resolution now to save and stick to it. When
your opportunity comes or you need money quickly
you 11 find it here waiting and ready to serve you. *
I WE PAY s% INTEREST I
No Depositor Ever Lott A Dollar In An Industrial Bank.
I The Industrial Bank of Henderson I
I JOEL T. CHEATHAM, President. M. W. WESTER, Cashier.
SATURDAY, MAY 14, 1932
ultimately profits will supplant losses
Meets An Kconotnte Need.
I am optimistic on the long term
future of the aviation industry, be
cause it is meeting a fundamental
economic need—the need for speedy
transportation. To provide speed in
any form of transportation coats
money, but it costs more for the
steamships and railroads to increase
their speed than it does the airlines.
In fact, regardless of cost, these other
forms of transportation can never ap
proach the speeds possible by air
plane. To build a steamship that will
make 28 knots an hour costs twice
as much to make one capable of 21
knots an hour. The railroads, In order
to meet airplane competition, have in
creased their speeds to the limit of
safety. Heavier tracks, heavier loco
motives. and other large capital in
vestments are necessary. Even with
these the railroads can never serious
ly compete in speed with the airplane.
In fact, present air transport speeds,
it is estimated, can be doubled or
tripled with safety and with moderate
additional cost.
Conservation or time in travel, par
ticularly for business men, is now re
cognized as a factor in lower costs.
Now that the airplanes have got rates
down to where they are approximate
ly equal to railroad plus Pullman
fares, the volume of traffic will
steadily Increase. As time goes on, the
air transport companies will be less
and less dependent upon air mail con
tracts and icceive more and more of
their revenues from passenger travel.
Whereas five years ago passenger re
venues were an insignificant part of
th transport lines’ incomes, in 1932
they will be at least one-fourth of the
total receipts. Even though the in
come from air mall will be lower ow
ing to reduced Government appro
priations. the prospective gain in pas
senger revenue should more than off
set the reduction. Hence, transport
companies should show better operat
ing results in 1932 than they did a
year ago.
Growth of Air Mail and Express.
The air mail is the government's
method of fostering the development
of commercial aviation. It has grown
tremendously. Air mail mileage flown
last year was 28.281.042. a gain of
70 per cent over 1930. Owing to lower
contract rates, however, total pay
ments to air carriers increased only
half as much. With a smaller govern
ment appropriation for the next fiscal
year, average payments to individual
operators will probably be around
$0.50 a mile against the current rate
of about $0 60. While the air mail busi
ness affords a backbone of revenues,
the greatest opportunity for aviation
expansion lies in passenger transport.
As In the case of the railroads and
steamship lines, the carrying of mail
by air will ultimately reach a satura
tion point and maintain a steady level
of revenues. Air express is rapidly in
creasing. but still amounts to only
about one per cent of the gross re
venues. As this business develops over
future years and separate cargo
planes come into operation, express
traffic offers an opportunity for
worthwhile growth. The real growth
prospects, however, are in personal
travel.
I am optimistic on the future of
aviation for the reason that the in
dustry has done a thorough house
cleaning. Economies both in manu
facturing an din transport lines have
been effected. General efficiency has
increased. „Moreover, the companies
now ngaged in the industry fully ap
preciate the necessity for continued '
I research. Efforts to l mprove
•afety and ease of landing are JJ*
in* progress. While very lm L® k '
for commercial transport 1|? T
complete solving of the landing J"*
blem is doubly important so s P .£
growth of private operation a,
matlc landing, wherein the hum
element is reduced to a mininZT*"
the goal. The public wants avi« t ',, IS
fully as much as aviation want- h
public. As the industry improves ji!
products and services and steadily r l
duces costs, the volume of business
sure to grow. * s
General business as measured h
the Babsonchart is now 36 DP , .. .
b oT,V hC n ° rmal X Y Une - 'omp^
with 35 per cent amonth ago VJ,
movement..' menta U ‘ U “‘
W. R. Vaughan Is
Out as Candidate
.On County Board
W. R. Vaughan today announced
his candidacy for one of the four ye*,
terms on the Vance Board of County
Commissioners. Several candidate:
are already in the field for those of
fices .
Mr. Vaughan, a native of W»i r s,,
county, has lived in Henderson for
nearly ten years. In Warren count y
he was active in public affair*, an*
served a term or two in the state
legislature from Warren county.
Everyone with initiative in the Ait«
is receptive. They are like sensitive
plates In a camera. They conceive
and receive impressions.
Linked to Roosevelt
Wyoming’s delegation to the Dem
ocratic national convention in
Chicago, instructed to cast its
votes for Franklin D. Roo**velt,
for the Democratic presidential
nomination, will back Governor
George Dem, of Utah, above, for
the vice presidency. The state
convention, meeting at Casper,
•ndorsed Dera.

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