Henderson daily dispatch., May 28, 1932, Page PAGE FOUR, Image 4

About Henderson daily dispatch. (Henderson, N.C.) 1914-1995

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

                
PAGE FOUR
HENDERSON DAILY DISPATCH
blakllakrl A««»t IX, I*l4.
rtkllaM r»*r* AHariM* Kin»l
»»»4«r By
UMDKRIOM IMM'AK H CO.. INC.
■ « It toii| Mff»<
BENRT A, DENNIS, Pret. and Editor
U U FINt'H. S«c-Trvaa and But. Mgr.
TSLKPHONRI
Editorial Office 7*l
tocliir Editor 11l
Buelaeee Office
The Henderaon Dally Dispatch la a
member of tbe Aaaociated Praaa, News
paper Enterprise Association, South*
ara Newspaper Publtahera Aaaoctatlon
and tbe North Carolina Presa Aaaocla
tlon.
The Associated Tress Is exclusively
entitled to uae for republlcatton all
news dispatches credited to It or not
otherwise credited in this paper, and
also the local news published herein.
All rights of publication of special
dispatches herein are also reserved.
tl HM Itll'l IOM I'RII Kh
P»)nklr Strictly In Advance
One Tear H.Od
■ls Months 1.(0
Three Months 1.(0
Par Copy »(
NOTICE TO Rt IISCniBKRS.
Look at the printed label on your
paper. The date thereon showa when
the subscription expires. Forward
your money In ample time for re
newal. Notice date on label carefully
and If not correct, please notify ua at
once Subscribers desiring the address
on their paper changed, please state In
lhatr communication both tbe OLD
god NEW address.
Natlennl Ad.evtlnlnu Itepresen fntl* ri
► RO'T. LAMtIX A KUHN
•SO Park Avenue, New ft rk City; 16
East Wacker Drive. Chicago: Walton
Building. Atlanta, Security Building,
It. Louis.
Kntered at the post office In Hender
aon. N C., as second class mail matter
CdatST roe ro~ christ
Igwws. Wg—was.■<■«#» —ws«a.-nmiw ■#
May 2*
HE REDEEMS AND CROWNS -
Bleas the l»rd, O my wcmi, and forget
not ali his benefits who redeemeth
thy life from destruction wtio crown
•th thee w-*eh loving knndneae and
tender mercies—Psalm 103 1. 4.
IN TERMS Or BILLIONS.
A couple of decades ago. Americans
shuddered in their boots when there
waa mention of a billion dollars a
year budget for tbe Federal govern
ment. All their lives they had been
accustomed to speaking in terms of
mere millions when government e
penses were mentioned. But not so
nowadays. In place of millions we
talk of billions with as much ease and
with as Uttle concern about the uses
to which they are put. We think no
mors of billions than of a few thou
sand dollars, for to moet of us both
are sums to which we are unaccus
tomed, and we let the other fellow,
chiefly Uncle Sam. do the worrying
when It comes to balancing budgets
that have fallen short by two billion
dollars.
Congress talks a good deal less
about cutting expenses than it does
of finding new tax sources to keep
up the extravagances and the unneces
sary outlays of money to which that
vast artby of workers attached to the
national payroll has become accus
tomed. When something Is said of
curtailments, there Is a squawk from
all sides, and weak-kneed senators
and representatives wilt in their
Ifwks and start in the other direc
tion to look for more money to keep
the "good work" going.
If there were a realization on tbe
part of the American people of how
much money one billion dollars is,
there would be more protest of its
collection in the form of taxes of one
kind or another and Its expenditure
for every conceivable purpose under
the tun. many of them being of a
nature with which the government
should not concern itself .at ail. There
are now some 200 bureaus and com
missions of the Federal government,
and every one of them is coating
money Marshall Duffield says the
government spent seven million dol
lars In Its effort to ban and destroy
the Mediterranean fruit fly, when, as
he states, no man has seen a Mediter
ranean fruit fly In the United States.
Hs says the bureau once found a dead
one and has him In a glass case.
Writing in the Boston Transcript.
John Heard makes some calculations
on the magnitude and enormous
amount of money a billion dollars is.
Even If It is rather difficult to take
K all in. his figures are intereetlng.
He says:
1. To have saved $1,000,000,000 you
would have had to deposit SIOO daily
(without interest) since January 1. B.
C. 25,469. From January 1 A. D. to
December 31. 1931—the entire Chris
tian Era—slightly over 1.000.000 000
minutes have elapsed. Congress -your
appointed agents-has been spending
to run your government annually over
four times that sum. or at the rate
of $4 per minute for every minute of
the Christian Era $5,760 per day) or
aA the rate of sl7 per minute $24,480
per day) Btnce Columbus discovered
America.
2. Some machine guns will shoot
800 shots a minute. If each cartridge
were loaded with a silver dollar In
stead of with a bullet Sl.OOn.oOQ.nOo
would keep such a gun shooting day
and night, for 3 year*. 9 months, 21
days and some hours.
The recent bonus which Congress—
your Congress—passed over the pro
test of the Secretary of the Treasury
and over a Presidential veto, would
have kept that gun shooting for over
four years and seven months.
$. With $1,000,000,000 you could pay
91,200 for every word In the Bible and
Bank Must Not Fail
Apparently a great deal more is at
stake in the movement to organise
another bank in place of tbe closed
First National than moet Henderson
people realize. While remarkably fine
progress has been made in the At
tempt to sell enough capital stock to
set the Institution on Its feet again,
a little more is yet to be done, and
without that little the whole project
will fail, and will leave us In worse
condition than before the undertaking
waa started In such an eventuality the
community not only would be without
the bank, but It would have the stigma
of having started something it was
either unwilling or unable to finish.
Many questions have been asked
about the new bank, and there is a
good deal of misunderstanding about
it. One of the objects of the mass
meeting that has been called for next
Monday evening Is to set forth actual
.facts and to acquaint the public with
the true situation The movement has
pulled up short of the goal, and the
old engine has seemingly stalled. Re
pairs must be made, more gasoline
poured in and renewed energy and
willingness injected to enable the car
to move off to the goal that has been
set. and short of which there can be
no success for the enterprise.
Gentlemen have given time which Is
valuable to them in the effort to put
this proposition across. They had
faith In it at the start, and they still
have faith in It. They are working
not only because of personal interests
at stake, hut likewise for the good
and the progress of the community at
large.
It is a well known fact that the
raising of a sizeable cash sum of
money at this time is a herculean
task; there is no doubt about that.
And the fact that so much has al
ready been obtained In pledges that
are ready to be redeemed Is a tribute
to the loyalty and public sptritedness
of those who have brought the cause
thus far. But a little more straining
must be done. The rest of the way is
not long, but it is difficult; it Is the
last steep climb to the very peak of
the mountain whose crest is the goal
aimed at. If the movement stops short
of success and fails where It stands,
the world will ascribe no credit for
what has been done. This Is not a pro
ject that can measure its worth by
half; It must be pressed on for the
whole distance, or efforts that have
been made will count for naught.
Henderson has done big things be
fore. but seldom has It been called
upon to perform as In this crisis.
That, however, does not mean this one
Is Impossible. It Is quite possible. A
lot of determination and some sacri
fice may be necessary to put It across,
but it can be dene. There are abun
dant resources In Henderson, even In
these times of depression, to make
a rousing success of the bank pro
position. We believe the people of the
community have the will and the de
termination to finish this job. Other
towns and cities have done as much,
and what they have accomplished,
Henderson, too. can do. Let no on#
suppose that It cannot be done.
Monday night’s mass meeting will
have some $73,000,000 left as small
change.
The revenue bill required to balance
the budget—that is, the sum that cit
izens must pay during the next fiscal
year to meet what Congress—your
Congress cheerfully proposes to
spend, and which citizens must pay
to the Federal Government alone, ex
clusive of all State, county, city, poll,
real estate and other miscellaneous
taxes, would buy the Bible at $1,290
a word, with enough over to buy a
fair-sized dictionary word for word at
the same rate.
4. A billion dollars is fifty million
<50.000,000) S2O gold pieces- which, if
stacked, would make a column about
50 miles high. If laid flat, aide by
side, they would make a line, 1.039
miles long—a good bit farther than
Irom Boston to Chicago. To transport
$1,000,000,000 In gold would require
100 five-ton trucks, and they would
make a line about two miles long.
That la the sum which In one way
or another Congress—your Cotigress
—spends each year on Federal relief
of veterans, and now proposes to
spend more.
5. In $1 bills put end to end SL
-000,000.000 would make a strip of
paper about 97,000 miles long, or near
ly four times the length of the
i equator.
Many more equally striking illustra
tions could be produced; these few are
perhaps enough to give some idea of
what tbe Congress of the United
States Is doing with the hard-esrned
dollars of the taxpayers.
Davidson Men To Camp
Davidson, May 28—Twenty-nine
Davidson college juniors will be h)
summer camp at Ft. McOettan, AM.,
for Mx weeks during Jims and July as
a part of the curricula In the two
year advanced R. <J. T. C. course,
offered at Davidson Oamg> wOl open
on June th and run. thredugh July
21ot. Lieut.-Col. W. R. Scott, pro
fessor of KlMary sctecen and tactics
at Davidson will be to command of
the entire R. O. T. C. camp at' Ft.
McdeUaa Rite summer.
HENDERSON, (N. C. j DAILY MBPATCH SATURDAY,* %AT 2s, 1982
be an occasion for apprising the pub
lic of the financial condition of tbs
new bank which is now being or
ganized. Assurance will be given that
this enterprise is not for the creation
of an institution to serve as a liquidat
ing agent for a bank that has closed.
It la to be a permanent banking busi
ness, and as soon as It is open It will
be In position to furnish accommoda
tions to its customers as any other
bank would do.
There is everything to gain and
nothing to loee by putting this move
ment over. When the new bank Is
opened, all deposits of S2O and less
will be available for payment In full
In cash to those who demand it. Ten
percent of all other deposits, what
ever their amount, will also be avail
able to those who wish their money.
While It Is believed that most of this
money will be placed In the new
bank. K will, nevertheless be avail
able if desired.
Counting the new capitcl nnd sur
plus. and the cash that will be avail
nb'e to depositors from the old bank,
a *otol approximately $200,000 taill be
put into channels of trade and busi
ness. if it is needed and desired. One
calculation has been made that If
that imo.mt were used to pay ob
ligations from one person or firm
to another, and it should change
hands just five times, total debts of
one million dollars would be satisfied
and wiped out.
This is Just one example of how
the new bank could be of service to
the Henderson community. There are
many others, not the least of which
would be the renewed confidence and
hope in Henderson institution l ’ that
would be inspired. And that is worth
a great deal. One of the chief re
quisites for recovery from the present,
economic crisis is the instilling of con
fidence in the people all over America.
The success of this bank movement
would be perhaps the biggest stroke
for restoring confidence that lies
within the power of our own people
to provide for their city and county
and section.
There is every reason why the bank
movement should succeed. There is
no reason whatever to fear for its
safety ,once the bank were put into
operation. If It Is organized, de
positors are assured of all their
money—eventually. If it falls, they
will probably never get more than
sixty percent and that only after a
good many years end at the con
clusion of a very costly liquidation. If
the bank movement succeeds. It will
mean that stockholders will be re
quired to put up only B 0 percent of
the total of their stock In the old
bank: whereas. If K falls, they will
have to put up an amount exactly the
equivalent of what they had In stock
before. If the movement succeeds, re
covery from the depression will be
accelerated in Henderson; if it falls,
it is reasonable to suppose that we
have not yet seen the end of the de
pression here.
The bank must be brought Into be
ing. for the good of the whole com
munity and section, this thing simply
cannot be allowed to fail.
TODAY
TODAY’S ANNIVERSARIES
1738- Joseph I GuUtotto, the French
phyhkdan who gave his name to the
guillotine, born. Died March 26, 1814.
1759 William F%tt, English states
man, born. Died Jan_ 23, 1806.
1779—Tbomps Moore. Irish poet,
born. Died Feb. 26, 1852.
1807 —Jean Louie R. Agaaeiz., world
famous Swiss-born Harvard Univet
naturalist, especially noted as a
zoologist and geologist, bom. Died
in Cambridge, Mace., Dec. 14, 1873.
1818 —Pierre G. T. Beauregard, not
ed Confederate commander bom near
New Orleans. Died there, Feb. 20,
1893.
1828— Benjamin G. Brown, U. S.
Senator from Missouri, governor, born
at Lexington. Ky., died at St. Louis,
Dec. 13, 1885.
TODAY IN HISTORY
1868—4th Wisconsin regiment of
cavalry mustered out of service after
five years and a day—the longed
term on record for a volunteer organ
ization.
1918—First American Division cap
tured th« village of Cantlgny and held
It against counter attacks.
TODAY’S BIRTHDAYS
U. S. Senator Morris Sheppard of
Texas, bom to Wheatville, Tex., 57
years ago.
Balthasar H. Meyer, member of.the
Interstate Commerce Commission, born
at Mequon, Wto., 68 years ago.
Thomas A. Etoly, Philadelphia news
paper editor and author, boro there
61 years ago.
Dr. Katharine Blunt, president of
-the Connecticut College for Women,
born In 58 years ago.
Dr. Louis C. Bail, noted New York
dental surgeon, born there, 49 yean
ago.
Statey Huddleston, English journal
list-author, born 49 years ago.
TODAY’S HOROSCOPE
The native of this day is suave and
obliging, affkble and courteous; full of
a spirit of contentment and quit* hap
piness. Perhaps this person may
never set the river on fire, though
there should be some success, though
no sleep will be toat because of tDxa*
fact. ,
By Central Press
New York, May 28—Gentlemans
***&*'■ The other evening, finding
that the countenance of Manhattan
had contracted suddenly Into a dtatng-
T ' —<
enous i scowl. I
cast about me for
some method of
throwing off my
katzenjammer
In omer words
I had the blues.
Too many escar
gots at the B*-t
--voort. Too mauv
late hours Too much New York.
Simply it was the silheet
thing I could imagine doing. I enter
ed a Turkish bath. It had been years
since I had had one and always about
the Idea for me there has lurked an
aura of engaging. If a trifle stexmy,
.omance Oriental style...
IN THE TOILS
Your modern Turkhto bath is con
ducted on the order of a commercial
hotel without no use detectives. I
approached the desk clerk and for two
dollars wan assigned to a private
booth and handed a key on a leather
thong, resembling the Went mention
t ags soldiers wear.
If I had come to have my spirits
brightened, this was thew rong place.
An almost funeral gloom hung over
the green pool, the brightly tiled cor
ridors and the pallid attendants. My
own shepherd through the heat was a
shriveled Swede with enormous bi
ce. p 4 a .
He appraised me, frowning, very
much. I Imagine ns Charon surveys
his candidates on the hither side of
the Styx. He was a dead ringer for
Charon into the bargain.
"You Stand to lose ten pounds." he
said sternly
"Not tonight, I hope?" I hastened.
"We might do it in three nights, ’’
he said judtoally. "Can you stay that
long?"
STEAM ROOM BLUES
I told him I couldn’t. Whereupon
he. rurihed me through the formality
of disrobing and into the hottest man
usolemn Imagined Mac« Dante. There
I burned several square inches of akin
off my back against a simmering
beach chair and was hustled upon a
stone table for a plummeting -which
I shall not soon forget.
Charon, while socking me talked,
clad in a Turkish towel suspended
from his waist.
"Were yyou ever diuak?" he asked
conversationally.
■ I told him I had not been drunk at
I'all. only depressed— at which he
' couched politely but with some skep
ticism. Presently he resumed:
“I am a church man myself
shame, the way some people abuse
1 CROSS WORD PUZZLE
'h TM 6 rl°fc T°r
12 13 14 15
24 25 26 |p 27 26 pp 29
Jfi J-_
33 IP 34 P 35 ~
HI 59 4° |p 4f 42 43 44
46 p; 46 47 |p 46
hi 1 ih i-rw iTT
ACROSS
I— Home of ancient Irish kings
6ln bed
B—Timid
12— A maxim
It—A silkworm
IS—Shelter
18—A vest*able
13— Mistake
?o—Domesticated
12—Corrode
*4 —A diversion
s7—Expel
29—While
ID —Misstatement of fttt
*l Deputy
12—Crude metal
33 —One hundred square meter*
14 — Loud brazen sound
ll Feminine pronoun (plural)
14—Existed
IT—Snare
it—lsland In the Azores
11 —Intemperate ape**'*
—Concealed
»B—A container
'B—Burdened
*9—A numeral
”.o—Stately poem
(I—To Incline toward
DOWN
*
1— A light Mew
2 Commotion
t—A murine animal
4—A size of type
4—To have exist ease
7 Sooner than
t—ln • straight Line
Not a Noah Can Prevent It! a
Lzkuor shortens life. It is a crying
tibemselveß.'' He dislocated my right
shoulder and proceeded. "This tag.
week our church has had quite a
problem
"They chose me chairman of a com
mittee tQ look into a thing going on
light next, door to the oh-urch. There’s
a tennis court there and young men,
have been taking off their starts to
play.” He administered a neat com
pound fracture of the third vertebra
and went on.
"You know that's no way to aot.
Imagine decent people going to church
and passing men with their shirts off.
I’m telling you. it’s indecent!"
POT AND KETTLE
I reflected that Oharon probably
sent most of his waking hours clad
like a South Sea islander before'the
missionaries came. white he deftly
twisted my right arm back into the
simulacrum of a pretzel. I asked him
how business was.
“Te*J-<hle!r he exclaimed | "fltifcj
hotels have ruined us, with their sunk-
9—Narrow opening
Ift—Possessive pronoun
11—You
'♦■“Letter of the Greek alphabet
I'—Letter of the Greek alphabet
13—Rodent
♦l—To turn Inside out
ll—Employments
24 Happy
25 A Tnetod*
I* —A pronou*
2*—lnactive
23—Exist
II—A province of Franca
*2— An exclamation
ll—The cry of a hound
IS-What wag the name of the
man In the rhyme who could
eat no fat?
»<—To walk in a yielding
substance
IS—To suffer illnesa
*9—Part of a Ash
40— To lick up
42 — An American author
4 3—A low resort
4 4—Culminate
45—Aa exclamation
41— The symbol of nickel
Answer to Previous Pun's
l c bJ A l M M s TO^ F l°l w l A Ld s l
PPBSpfflS
ItMIhM’MPfEM* rrrPfe
bkWkl£lsbgaaal»l» WcEn
Who’s Who in Washington
BY CHARLES R STEWART
EVEN POLITICIANS who were
most bitterly opposed to him in the
later years of his long public life
(those who knew him at its begin
ning nearly all are gone now) ex
press deep sympathy for ex-Senator
Furnifold M. Simmons, of North Car
olina, a bankrupt at 78—and mostly
because of obligations indorsed by
him for others.
On the date of hi* retirement In
March. 1931, Senator Simmons had
Just completed 44 years service in
congress. SO of them In the upper
house, of which he was senior mem
ber.
As head, for a quarter of a cen
tury-. of the Democratic organization
In the Tarheel state, his rule had
been absolute. He was a Bourbon of
the old school. Nevertheless, he ex
ercised his power so honestly that he
was strictly dependent on his sena
torial salary, and his financial ruin
speedily followed when it was cut off.
The aged senator guessed wrongly
on the campaign of 19?8 —opposed Al
Smith’s nomination to the last and
was against him for election when he
proved unable to prevent the New
Torker’s selection as the Democratic
standard bearer.
Despite this setback, few imagined
that Senator Stmmoiis’ defection /fbm
the Houston ticket would bfeak hla
hold on his home commonwealth—
but it did. It cost him his toga In
the 1930 primaries—the moet notable
reverse, perhaps. In the history of
American politics. Dved-ln-tbe-wool
en tubs and steam jete." His scorn
was delicately fine. “Folks imagine
they can sit In a tub and get what
you’re getting now."
“Ttoey’re crazy to imagine any such
thing,” I agreed.
PEOPLE AND PERSONS
Ann Harding and Harry Bannister
still are entitled to the Reno furUned
cup for putting forward the most ori
ginal reasons for a divorce pf all
movie hiatory: "We k>ve each other
too much to May married.’' The
more I think that one over the more
I’m convinced Hollywood will not lack
a chapter in the sociologies of 2032 ..
Funny, how it takes so king for some
remarks to sink Into this ooncret*
reservoir I carry around; that's one
of the slow fused ones.
Arthur William Brown, the Safceve
post artist, has the mildest personality
and the least temperament of any
palert e-holder I know .. . Jim FTagg
is the most explosive . . . They are
firm friends.
Hector Bolitho. Nerw Zealand au
thor, born 34 years ago.
NOTICE OF SALE OF STOCK
OF GOODS
In United States District Court
Eastern Dirt riel of North Carolina:
In the matter of
Richard Thomas Stewart, Bankrupt
Under an order of the U. S. Dte
trict Court, I wUI sell, by public auc
tion to the highest bidder, for cash,
at the R. T. Stewart, store, in Mid
dleburg, N. C., at 12 o'clock, noon, on I
Tuesday, the 31st day of May, 1932 the
atock of goods of said R. T. Stewart,
consisting of dlothdng, shoes, hard
ware, and novel!lea and other mer
chandise. This stock of goods was ap
praised a* \W> 67 This sale is sub
ject to confirmation of Referee, with
out notice. Successful bidder will be
required to deposit Ift percent of his
bid to guarantee compliance. At same
time and place, I wiH also offer tor
sale the aeoouuts receivable of Bank
rupt, upon same terms and condi
tions.'
This 16th day of May 19321
T. S. KITTREIIi, Trustee of
ft. T. STEWART, amkiti**.
yf.
, JBfe Jb
Furnifold M. Simmons
Democrats pronounced It no more
than Justice at the time, but they «r«
sorry for the veteran ex-senator jurt
the same.
Advanced K. O. T. 4’. Ouirw
Davidson, May 2*—Approxima'ely
30 Davidson college soptiomoree hm*
tegirtered with the local department
of military science and tactics to tsk*
the advanced two-year course in K
O, T C. "Phone men have completed
the required basic course, covering
two years, and have chosen to com
plete the entire.course in R. O. T. C.
offered at Davidson
Some of the largest of the big tree*
of California Indicate an age of over
3.000 years.
SEABOARD AIR
LINE RAILWAY
TRAINS LEAVE HENDERSON
AS FOLLOWS
No. NORTHBOUND
IPS— X :4k A. M. for Richmond.
Washington New York, connect
lltg at Norlina with No. IM ar
riving Fsrtamnuth-Norfolk 12: <ls
P. M. with parlor-dining car ser
vice,
4—2:62 P. M. for Richmond
and Portsmouth, Washington.
New York.
in— B:4B P. M for Richmond
Washington and New York
6—3:18 A. M. for Portsmouth- I
Norfolk Washington, New Ynrk
No. SOUTHBOUND
181—6:43 A. M- for Savannah.
Jacksonville, Miami. Tampa. *t
Petersburg.
8—8:46 P. M. for Raleigh. San
ford, Hamlet, Columbia, S*»an
nab, Miami Tampa, 81. PH* r*
burg.
167—7:66 P. M far Raleigh, Ham
let. Savannah, Jacksonville.
Miami, Tampa, St Petersburg.
Atlanta, Birmingham.
6—1:86 A. M. for Atlanta, Birm
ingham, Memphis.
For Information call on H K
Pleasants. DPA, Raleigh. X C .
or M C * Cap pa, TA , Henderson.
V. c.