Henderson daily dispatch., August 03, 1932, Page PAGE FOUR, Image 4

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

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PAGE FOUR
aENOERSON DAILY DISPATCH
■iUMIU«4 Aifut IS. IM4
• FitWitil *?•»» AH«hhi BlMft ,
(■May By
■BMonion dispatch oo« no.
■ t It TllTMt
UKKT A DICNNIf. Pros. and Editor
M. L Sec-Treas and Baa. M(r.
TRLKPBONM
Editorial Office 109
Society Editor 01*
luln«M Office 010
The Henderson Dally Dispatch la a
Member of the Aseoclated Preaa. News
paper Enterprise Association, South
ern Newspaper Publishers Association
and the North Carolina Preaa Aaaocla
don.
The Associated Preaa la exclusively
entitled to use for republlcatlon 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 aleo reserved.
• (/■SCRIP TION miCßk.
Payable Strictly la Advance.
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tlx Months S.M
Three Months 1.§9
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and If not correct, please notify us at
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aa their paper changed, please state In
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and NEW address.
National Advertising Representatives
KROVT. LAN IMS A KOHN
I*9 Park Avenue New fork City; It
Bast Wacker Drive. Chicago; Walton
Building. Atlanta, Security Building,
dt. Louie.
Entered at the post office In Hender
son. N. C.. as second class mall matter
August S
GREAT THINGS —Fear the Lord,
and serve him An truibh: for consider
how great things he t»t« dome for
you lSamut-i 12: 24.
THE NEW JSANK PLAN.
Decision of the comptroller of the
currency to backtrack on the plan for
the new national bank, almost on the
eve of its pTobable opening, has
brought a feeling of chargtn and dis
appointment to thousands In this com
munity who had been looking forward
anxiously and with hope to the event
aa a stimulus to local business. There
la* a fairly general conviction that
a grave injustice hits been done to
this community by some one or some
group in Washington. The least that
is to be said is that this turn of events
reveals mighty little interest in or
concern for the welfare of local com
munities on the part of certain gov
ernment officials. They are far re
moved from the lashing of the con
crete realities of this depression. Gov
ernment payrolls that have been
slashed scarcely any at all shield
them from the hardships felt by every
one who is trying to make a go of
a business and from the howl of the
wolf at the door. Hardly are they cap
able of sympathy for people who are
compelled to grapple every day and
every day with the actualities of hard
times.
If the plan of reorganization that
hats been put across here was too
generous, or if it promised too much
why was it approved in the first
place, and why didn’t Washington
turn thumbs down before there was
any sign-up at alt and before any capi
tal stock was sold? That would have
been the sensible thing to do. If the
plan which by hard work and months
of pleading and urging had been at
last sold to our people was not suit
able. some one In Washington was
not properly attentive to hls duties
when he sat indifferently by and al
lowed all this to go on here, in the
best of faith on the part of every
one concerned, and at the last minute
sent down a letter of disapproval,
setting at naught the whole matter.
Well, that much is off the chest. We
could say a great deal more and would
like very much to say it, but will
yield to better judgment and desist
from the temptation to call a spade
a spade.
Facts are facts, as unpleasant as
they may be. Waiving aside what
has happened, the plain truth is that
the new proposition is infinitely bet
ter than a liquidation would be. Let
this one thing sink down deep into
every mind, namely, that It will mean
more money to depositors than a li
quidation. and will be far safer for
stockholders in the new bank. Ten
percent in cash the day of the open
ing and sixty percent more in one.
two and three years will be seventy
percent in all. and by no manner of
reasoning could it be supposed that
anything like that much would ever be
paid depositors if the receiver closed
out the assets of the bank. Moreover,
the new plan offers three percent in
terest on the deferred payments In
this sixty percent, whereas deferred
payments drew no interest at all urv
dsr the former plan. Approximately
a quarter of a million dollars of secur
ities held by the closed bank will bo
trusteed for collection, and all receipts
from such collections will be paid
against the unpledged thirty percent
of deposits. That certainty means
that a considerable portion of that
amount will eventually be paid off.
No one has anything to gain by
holding out on this new slgn-up. There
is little to lose and everything to win
*by coming in on the proposition at
-ABee and putting* the job over without
delay.
• Henderson needs this bank back In
business, not that the community's
banking requirements are not well
provided for now, but especially In
the Interest of eventual returns to de
positors whose money Is tied up in
the old bank. We shall be* no better
off by holding out; we shall be a great
deal better off by giving our coop
eration to the utmost. Let’s do this
job, do It all over again, ms we must,
and do It quickly and with a smile,
and get things going on a basis as
nearly normal as possible. It means an
improvement in business just that
much sooner.
BAND CONCERTS.
The offer of the men In the 100th
Medical Regiment Band to furnish
concerts or to play in the community
on such occasions as may call for
their services is a generous one. Their
condition is that some some sort of
uniforms be furnished them to wear
at the performances, and it is hoped
that some arrangement may be made
to meet their proposition.
Henderson has every right to be
proud of this band. It is not every
community that has such a musical
organization, but there are many that
would like to have one. Our good for
tune is that the government foots the
bill and then pays the men for good
measure. The least we can do as &
community is to support the band in
whatever measure we may, and to
give a manifestation of our apprecia
tion.
Those who have not heard the band
play do not realize the measure of
efficiency it has developed. It came in
for numerous high compliments dur
ing the encampment at Columbia the
past two weeks. Warrant Officer Ben
Urquhart. the director, and all the
men in the organization are to be
congratulated upon their achieve
ments. If folks away from home are
so appreciative, may we not be also
who live here in the home town and
know the members of the band per
sonally and call them by name?
THE EVIL DAY DEFERRED.
Last Sunday's elections in Germany
brought sharp gains to Adolf Hitler's
party of Nazi's, but again for the
second time the brown shirts have
failed to roll up sufficient strength to
give them a majority in the Reich
stag and thus control of the govern
ment.
There are many parties in the Ger
man republic, and most of them are
working in different directions. Such
a condition appears to offer the cer
tainty that Chancellor Franz von
Papen's ministry will continue at the
helm, and the evil day that had been
feared is deferred for a little while
longer.
Unless there is a change, Hitler
eventually will attain his goal. And
the best assurance that the present
constitutional regime shall be able to
stand would be an upturn in economic
conditions. That condition would at
least be encouraged by the effective
ness of the Lausanne agreement last
month, paring down reparations al
most to the vanishing point.
Americans, and for that matter
most of the rest of the world, have
so many troubles of their own to
think and worry about that they have
little time or inclination to lose much
sleep over what is going on in Ger
many, but just the same events there
can influence to a great extent the
course of economic and possibly poli
tical events In other countries.
THE DEFICIT PERSISTS.
Uncle Sam's business seems to have
slipped into the rut that has befallen
private enterprise, in that the months
have for so long rolled by one after
the other with the ledger in the red
that it appears an almost impossible
task to get Pack on the other side of
the column. The astonishing situation
* s revealed that in July, the first
month of the new 1933 fiscal year,
there is a deficit of even greater pro
portions than in the corresponding
month last year, in spite of higher
taxes and economy measures in
stituted by Congress and the admin
istration in a desperate effort to even
things up.
Revenue last month was less and
expenditures greater than in July,
1931, and the wonder is as to how
long this situation will continue. With
the power to tax, it is possible for the
government to make levies upon the
people to the point that deficits can
absolutely be eliminated. But the wis
dom of such a course may quite rea
sonably be questioned.
It must be said, of course, that the
provisions of the new tax bill have
not all become operative as yet to
the point where they can be taken
fully into account, and the same is
true of economies planned. For that
reason, the situation, as bad as It is.
Is hardly as bilious as it may appear
at first blush.
But at beat there Is a bit of dis
appointment at the showing for the
first month of the new fiscal year.
If the balance sheet is to continue of
this same hue. then, after all, the
government may be forced to resort
to a sales tax in some form or an
other to produce the revenues it needs
and which It must have.
HENDERSON, (N.C.,) DAILY DISPATCH WEDNESDAY-AUGUST 81932
Who’s Who in Wdshir#3n
: BY CHARLES P. STEWART V?,
KX-SENATOR ATLEE POMER
BNE, the Ohio Democrat whom Presi
dent Hoover has Just placed at the
head of the powerful Reconstruction
Finance Corporation, assumes hls
• post tn the midst of a chorus of ap
proval which he has every right to
Regard as a really wonderful testi
monial alike to hls Integrity and
ability.
The place. It goes almost without
saying. Is an exceedingly difficult one
—perhaps the most difficult, at a
particularly trying time. In the coun
try.
Nevertheless, Republicans seem
unanimous In their expressions of
i satisfaction with Pomerene's selec
tion for It. Democrats evidently are
'convinced that, in accepting It,
Pomerene will sacrifice none of hls
Jeffersonian principles.
The ex-senator, though amiable, ta
an intensely serious man.
He was a thoroughly capable legis
lator, but dropped out of elective
public life during the post-war period
of Republican supremacy in hls
home state. Under President Cool
idge (for this is the second time he
has accepted an appointive position
under a G. O. P. president) he made
an excellent ce-pro»ecutor. with the
present Justice Owen J. Roberts of
the federal supreme court, of the
cases growing out of the oil scandals
left over from the Harding adminis
tration.
In 1924 he was quite conspicuously
mentioned In connection with the
Democratic presidential nomination,
but was somewhat too decidedly a
wet for Ohio's whole-hearted backing
Twins Born Three Days Apart
Believe it or not Mr Riplev. it’s true The twin girls being proudly dis
played to their mother, Mrs. Harold E. Brown, were born three dayt
i apart in Wadsworth Hospital, New York. The one on the left was born
July 25 at 5:45 A. M. while her sister made her appearance at 12:45
A. M. July 28th.
TODAY
TODAY'S ANNIVERSARIES
1808—Hamilton Fish, New York gov
ernor, U. S. Senator, Secretary of
State under Grant, born in New York
CV f ‘y. Died at Garrison’s, N. Y.,
Sept. 6, 1893.
ltfl —'Elisha G. Otis, elevator manu
facturer and inventor, born at Halifax,
Vt. Died at Yonkers, N. Y., April 8,
1861.
1821—Uriah S. Stephens American
labor reformer. Pounder of the once
powerful Knights of Labor, born near
Oape May, N. J. Died Feb. 13, 1832.
1823—Thomas F. Meagher, Irish
soldier. New York lawyer. Civil War
general, Mlonitana territorial eecre
tary (and governor, bom in Ireland.
Drowned, near Fort Benton. Mont.,
July 1, 1867.
1836 KJmetene V. Black, noted
Nontihweetem University professor of
dentistry and writer, born in Scott
Co., IU-. Died Aug. 31. 1915.
1846—Samuel M. Jones, manufac
turer, reformer, known as “the QcMen
Rule Mayor of Toledo, Ohio." born ill
Wales. Died at Toledo, Ohio. July
12. 1904.
1887—Rupert Brooks, famous Eng
lish poet. born. One of the brilliant
men the World War took off, before
his 30th year, April 23, 1915.
TODAY IN HISTORY
1492—Columbus sailed from Spain—
to discover a New World.
1852—First intercollegiate boat race
in America —Harvard defeated Yale.
1907 Qtt Company fined
329,240,000 •for rebating. In U. S.
Court, Chicago—fined later dismissed
on appeal.
1914—Germany and France declared
wtar againdt aadh other.
1923—Calvin CooWdge took oath as
president at Plymouth, Vt.
TODAY'S BIRTHDAYS
Ciam E. Laughhn, noted Chicago
author of travel books, bom in New
Yorkk, 59 years ago. *
U. S. Senator Sariuei M. Shortridge
of California, tbor n at MSt. Pleasant,
lowa, 71 years ago.
Lester H. Woolsey, noted Wash
ington, D. C. lawyer, onefctme Solici
tor of State, born at Stone Ridge. N.
T., 56 years ago.
Charles Eddson so n Q f (the late great
Inventor, president of Thomas A.
Edison, Iwc., born at West Orange, N.
J•. 42 years ago.
Rt. Hon. Stanley Baldwin, EngMA
dt&icmiian, born 65 years ago.
King Haakon VTI, of Norway, born
60 yeans ago. ,
TODAY’S HOROSCOPE
The person bom today is Ann,
dteadfert and sore; the disposition Is
dtpl, 4k stir and Oslo listing, i 1 ”! car-
* WM
' * . ewt, -- ’"w. .
Wjr
'%-T
■ "*' I * V.m
r ~ l & ' 1
Alien Pomerene
at that stage tn prohibition history.
At 68 he will not yet be too old for
another senate term at the next op
portunity for a Democratic (other
than Senator Robert J. Bulkley. who
is running this year) to seek elec
tion—that Is to say. In 1934, when
Senator Simeon D. Fees' present
tenure will expire.
CROSS WORD PUZZLE ]
I a 3 A S 6 7 e » lO "77
~ ~ ~~
19| 20 21 %% ~2Z Z 3 2A \ZS
uZl
29 30 3 |
~33
rr Ir_“I”
-
42 43 AA AS 46
~A7 ~as -43 SO
~ “Si 6*
| II 1 I I IE I 1 Sit
ACROSS
I—Harmful
4 Another namr
5 Undermine
12— An Indian
13 — Pertaining to birth
14— Oiri's name
15— Protect
16— Deliver
17 — Part of the arm
19—Decrease
22 Long period of tlma
23 — Persian fairy
-26 —Vigilant
28 — Played with
29 — Toward
30 — Gathering of friends
Sl—Behold
82 —Finished
34—Drive back
36 —Learned
17—Cat’s cry
39—Drunkards
10 —Receives front the air
*2—A metal
14 —-An enigma
17—Part of "to be"
48—Fathers
50 — Spike of corn
51— Hinder
62 Provoke '
63 A grain
DOWN
1 — Begin to grow
2 Devoured
*—Describe
j4 —Girl’s name :
;i —A deep spoon *
-6—Pronoun * J
* ;f—Hale name t
ftrrJUUOl
’ •*; y
P So This Is Paris
jJi ’’■Tl
riea consridertable success In several
line of effort. There is a strong tend
ency <t© worry over business matt ere,
and under certain (planetary Influence
there tea danger that the (hope* will
not boar fruit, on account of that
tendency.
LENOIR COUNTY BOY
WINS STOCK AWARD
Raleigh, Aug. 3.—(AP)—Jack Alex
ander of Lenior county, today was de
clared by Free &!. Haig, livestock ex
pert at N. C: State College, as win
ner of the livestock judging contest
at the 4-H short course here.
Haig has just completed tabulating
the results of the various judging
events in which a large number of
club boys competed. Alexander scored
a grade of 89 per cent.
Second place was awarded to Shel
boume Williams by Tyrrell county;
9—Australian city
10— American humorist
11— State of equality
18— Limited
19— A beverage
20— Single
21— a mistake
28—A kind of bread (plural)
24 To lease again
25 Images
27 To spread
28— A rocky pinnacle
28—Something that depressor
25—Deliberate
*7—Girl’s name
28—Threads of metal
40— Peace
41— River la France
42 Vehicle
43 Ancient Saxon money
45—Produce >gg*
44 Before
49—Sun god
Answer to Previous Puzxte
COON^S
gilfei o_Roa^Ml
£A n|A]_L
S£AV|na
£IDO Rg T A L Alsl
r?
-£gAT^A^MALIfI
S^llAi-uey,
ggsig sriEM
third place to Donald Scott of Wil
son; fourth place to James Minze of
Davidson, and fifth place to James
Gilliam, Jr., of Alamance.
TO THE CREDITORS OF THE
GUARANTEE CLOTHING COM
PANY, INC, HENDERSON
NORTH CAROLINA
Notice is hereby given that Guaran
tee Clothing Company Inc., of Hen
derson. N. C. has made an assign
ment to Jasper B. Hicks, Assignee,
and all persons, firms or corporations
having claims against said company
are required to present your itemized,
verified claim to Hon Henry Perry
Clerk Superior Court of Vance
County within one year from date
hereof or this notice will be pleaded
in bar of recovery. All persons firms
or corporations indebted to said
company will please make immedi
ate payment to the undersigned as
signee.
This June 29t(h, 1932.
Assignee Trustee.
JASPER B. HICKS,
NOTICE
In The Superior Court
NORTH CAROLINA,
VANCE COUNTY:
Josephine Knott Cooke, Plaintiff
Vs.
J. B. Knott and Nannie Knott Hines,
Defendant*.
The defendants J. B. Knott and
Nhnnie Knott Hi nee, will take notice
that an action entitled aa above, has
been commented in the Superior
Court of Vance County, N. C., by
Josephine Knott Cooke, for the pur
pose of selling a tot on John Street,
formerly the property of Benjamin
Knott and now owned by the plaintiff
and defendants as tenants in com
mon. The plaintiff asking for the
lot to be sold in order that she may
own or have her share of severalty;
and the said defendants will further
take net Ice that they are required to
appear at the office of the Clerk of
Superior Court at the Courthouse in
Hendereon, N. C., on the 30th day
of August, 1932, and answer or defur
to the complaint In said action or the
plaintiff will apply to the court for
the relief demanded in said complaint.
TYHs 20th dav of July, 1932.
HENRY PERRY,
Clerk Superior Court Vance Co.
A. A. BUNN, Plaintiff's Atty.
East Coast Stages
The Short Line System
Special Rates for Tobacco
Curers Going to Canada
Your Convenience Going North Ride the Bus—-Convenient.
Quick, Clean, Comfortable and Cheap
ALL TICKETS GOOD UNTIL USED *
From the Mlnrtaf nivva "
Potato * v -
To BUFFALO DELHI SIMOCO DETROIT
Onv Round One Round One Round One Rouni
Woy Trip Way Tr%> Way Trip Way Trip
HENDERSON, N. C... 15 .£5 .23.00 18.90 28.35 18.05 27.85 17.50 26
NORLXNA, N. C. 15.10 36.65 18.35 27.55 18.00 27.00 17.50 26 25
SOUTH HULL, VA. 14.75 21.40 17.60 25.75 ”17.15 26.75 17.50 ?6
BUSES LEAVE DAILY
RUNNING THOS: 26 Hours Durham or Raleigh to Buffalo
TlM ‘ F3a«4 Coach Stages has pul these rates l n effect eoporkilly f t hr
benefit of the tobacco curers who are going to Canada.
***• HAST COAST STAGES the Cheapest and C
BARGAIN FARES
August. 6th
HENDERSON TO
No Days
Tickets
Limited
Atlanta 6 *11.75
Chattanooga 6 13.75
Birmingham 6 13 75
New Orleans 10 26.75
Savannah 10 10.00
Jacksonville 10 15 00
Tampa 10 22 50
Miami 10 25.00
Havana 19 49.75
And Return
REDUCED PULLMAN FARES
Rates To Many Other Florida
And Gulf Coast Points
Attractive Optional Routes In Florida
Far Information See Ticket Agent
H. E. PLEASANTS, DPA.
Raleigh, N. C. Phone 2700
606 Odd Fellows Building
Seaboard
Aftfc UMi RAILWAY
BARGAIN
Bound Trip Excursion Fares
August 5,6, 7
HENDERSON TO
New York SB.OO
Philadelphia 7.00
Atlantic City 7 00
Pittsburgh 9 00
Washington 5 00
Big League Baseball
New York Giants vs. Cardinal*
August 6th.
Cubs August 7, 8. 9
Reduced Pullman Fares
Tickets Sold All Trains August
6th and 6th and No. 6 From Sfttford
and Points North Morning An* 7
Washington Tickets Limited Mid
night, August Bth
Other Points August 94h
For Information See Ticket Agent
Seaboard
AIR. LINE MIUNA