jrronilannes 1,71928 Election Told by Witness v.rth WllWe-Uiaro. Aug. 34 4 ,M-UHtor.it* Republican votm Watauga county precinct " ih«' i‘ r -* election wore told by pollhoidcm to scratch l(kt nanir <•' «» ‘b** Demacntfa on ,h. ik W**» and ticket* were •»' ,>Hn * for D«»- 1 ' n,( v | U tm titled In court hero today. grWeite. witn. v* for the govern mrnt in thr trial of id Democratic lr% ,ii official.-, and other* charg- i mini. »*id he was a Re iiuMkao jud*e »n that district and rrtuvil f« sl*n the returns elec tion nifi*i Unit all. rations regarding «h« l!Wt , election are contained In the t. .»t indictment, and Judge John | Have* expressed doubt that hr would leave Privette's testl l;lun> in thr records. Wall Street Fearful Leat Uncle Sam Lead Business To Unfamiliar Destination (Continued ftom Page One.) j,. ti r s'a lenient this same , •, . \pi essing the hope of -j.% ~i.. ■ -an lepeatedly uttered in A- :. : "c conference of business r- .a.. ! by Piesident Hoover. *. r :\ a.-lct.mes the spvrit of hclp- r .r>s wUxh the response to this ..V«~ but the business depres r n’.u.-*' after all give way to proa -t r\ w.th much artificial ac .-.xpjn n:. nt The country's banking k - bus:ne-< brains have bee n and will :t f £r-' it -i-rvice. but the individual u . .vk •(> his own industry, thrift j Mtmiu n < ense rather than sit .md iwait a magic formula from - r ..,-aJs i>f the big banks, railroads. t,fcu- ut; cs. industrial organiza ; wsnnv-nt executives and poli ar> A- i mi'ter of fact, it is not indt vdJ.».:-ri' hit the status quo Utat fi -ir.c.J. :r.irrests desire. What they -.ro ve hey say. is a slipping into 5» j.tiatier. And the worst of it is i.,-eni;n2 to their point of view--that - :id.r. groups can be blamed Co. a— . 1 ij.i » ( >; ' \ h . - ■- ’.. *• t* . '*. <• ernment control of everything 1 Qfwwmat "niiljiPj ssa,"-^ not put down a bonus army d ldit not the railroad debt. to the z , :r/ ,n * ni ' ■—» ~**s% ‘ Yes.” says Wall afreet. “But ti «. government probably will nut * millions Into farmers' co-operatives H Put down a farmers' ?° another undertaking U win fort 11- ernment money, obtained by taxation U. compete with private moneyTtli Sve wiil -«™ir no s,'r* „r ,ea; ‘ h " e ZTiT" th " r wn', N ;^ gav V nrnent nor Will recognize fundamental laas of anomic. Nor wil l,hey recognii evolurion. or change. Conferences of government and business are derided because they do not approach funda mentals. "They try to effect a return to an ago that is past. Trade Is Baals of Existence Whether our governments be con servative or radical, whether th;y be based on monarchy, dictatorship, dem ocracy or communism, they exist only through the medium of trade “Men have suffered for want of wo!k and food these past few years, not because of overproduction, but be cause o lack of trade. And the reason w e hove no trade is not be j c ,us * > people do net need what we can , Produce, but because trade is re strained by unnatural barriers. "If a world conference of nations were held tomorrow and every nation would agree to remove its trade bar riers. trade would flourish as grass i after a shower. "Until man understands that wealth * la based on trade, on barter and ex change and not-on the piling up of \-old which, when plentiful buys less ; and less, we shail suffer." Can’t Revert to 1958 But what of change? we ark. "Change is another thing we do not , understand," these economists say. I "We can’t return to IW. If huge plants were built and cueix companies overcapitalized some years ago, It isn't essential Lhat we ge' those plants going again In the meantime. Rus sia or some other nation has developed a simpler, more modem method of pro duction. It would be w.ser to scrap I our obsolete plants. A small new plant may put men back to work TN. C.,T DAILY MMTOB* WEDNESDAY AUGUST 241932 Ocean Soloist Sees Gay Gotham 'YnEjVV Os course every visitor to N'ew York simply inu„l .-ce v t ;.o nigh* cluba for which Gay Gotham is famed at home and abroad. So here is Captain James A. Mollison (left), British trans-Atlantic soloist, in one of the joy spots on the “Great White Way” on the night he arrived from St. John. Mollison was the guest of George M. Mand (right), of Mayor Walktr’s reception committee. He plans to fly back to Europe after he has rested and overhauled his plane. quicker with more modern methods. "One mentions Rusj.u because it has proceeded without tradition, as we did in the past century. IT we permit ourselves to be enveloped by tradition, we shall be the country to be pitied, not Russia. The country that starts from the bottom up has an advantage ” And thute government, financiers and economists offer their contending views, while the evolution of industry and finance continuee at a pace that seems to bewilder leaders In govern ment and finance. MAY ABOLISH CASH DISCOUNT ON GAS (Continued from Page Oae.) that are registered limited only to the most necessary uae, justify this in crease In the gasoline price, accord ing to those who have studied the matter. In fact, the opinion expressed here in most circles ta that the two per cent cash discount plan was de cided upon by the big gasoline com panies merely as another means In an attempt to “freeze out” the smaller independent dealers, despite the claim of these companies that they decided upon this cash discount In order to discourage charge accounts. The practice of granting a two cents a gallon discount for cash has reacted against the independent filling sta tion operators but has not cost the operators or stations owned by the large companies anything, according to those who know. For the large com panies have granted their operators the same margin of profit they had before— in most cases four cents a gallon -while the profit of most of the Independent operators has been re duced two cents a gallon and in many cases cut on only two cents. Thus, under this arrangement, the indepen dent operators have been able to make a profit of only two cents a gallon, while the sttaions operated by the large gasoline and oil companies have been earning a profit o( four cents a gallon, and six cents a gallon from thode who bought gas on cUadge ao coufcts. hidependedt operator*, who are good trader* and who have been •hie to build up large following*, were formerly able to buy gasoline In car load lota at lower prices than others and were thus able to earn aa much aa six cents a gahon profit, so that they were able to sell to their regular customers at two oenU lesa than the posted prices at the big company sta tions and still make four cents a gal lon profit. But they were not able to do this when the larger companies also decided to cut their prices two cents a gallon for cash. Those Inde pendent operators that had been get ting only a four cents profit in the first place were even harder hit, of course. Just why the larger gasoline com panies have apparently decided to stop giving this two cents discount after September 1 la not known. It may be that they have secured an agreement with the independent dealers or that thy may fear that the recent Inves tigation made gasoline and oil companies by AMomey General Den nis G. Brummitt may be extended to include this two cents discount. Suits have already been brought against ail the larger companies by Attorney General Brummitt as result of the al legedly discriminating contracts which they have compelled their filling sta tion operators to sign. These suits are expected to be tried either in Septem ber or October. Another factor in the decision of the gasoline companies to abandon the two cents a gallon discount may have been the fact that the State of North Carolina was getting the benefit of this discount in addition to its regular discount. Thus the State, with its fill ing station discount of 3.26 cents a gallon, was getting a discount of 5.26 cents, thus getting gas selling for 21 cents for 14.74 cents a gallon at fill ing stations, which included seven cents of State and Federal tax. In tank car lots, the State discount, gives it an 8.26 cents discount. If the jarger gasoline companies boost the retail price of gasoline up two cents to the present charge price on September 1, the independent deal ers will not be hit so hard, unless the companies also increase the wholesale or tank car lot prices to them. Some of the Independent dealers are ex pecting this move. But if the large companies should abolish the two cents cash discount, but leave prices just as they are, the independent deal ers would continue to suffer unless they could get lower tank car prices. It may be that the big companies have decided not to continue their ef forts to make ft Harder for the ind& pendent dealers pending the trial of the present suits eUried by the at torney general. B*t the independent dealers nrq that tie let-up 1* only temporary at best end that eventually a new hlan will be evolved to subject the independent* to anothei •queering process, according to these dealers. Power Authority Ctetaft St. Lawreace Pact Won't Serve PiAHc lritonfests (Continued from rage One.) New York is to bear tne construction expense, not only at its hydro-electric plants, but of the two danne likewise On this basis .the Empire cotmnon weaith’s Investment will reach $150,- 000,000. The New York State Power Authority had estimated ft at $h0,000.- 00C. “The Albany regime,” relate* Direc tor King, “was planning to retail 3- cenb electHcrty as compered with about a 7-cent average, charged by private edmpanies. “It was realized, indeed, that ff this current were turned over at the switchboard to private concerns to distribute, they doubtless would find means of maintaining the higher rate. Therefore It was foreseen that state owned transmission lines probably would be necessary. The legislature was asked to authorize them, ts lead ers inquired what contracts could be secured, to justify the expenditures. “To discuss contracts, it was essen tial for Chairman Frank P. Walsh of the State Power Autnority to have some idea of the amount New York would be required to contribute to the St. Lawrence project, but queries on this subject elicited only the Infor mation from Washington that inter national treaties were for the federal government, not the individual states, to handle.” “Nevertheless,” Bald King, “the 3- cent rate was deemed well wtthin rea son. even assuming, the moet liberal cost allowances as the state’s share in payment for the waterway. “Workers in the cause of cheaper power for the American people looked forward to it with satisfaction, not only as a boon to tens of thousands of New Yorkers, but as a revelation to the entire country that the price of powfr can be more than halved and still be supplied profitably to con sumers. “Now we discover that, under the terms of the treaty. New York’s in vestment is made, artificially, so heavy that the state will be unable to com pete profitably with private power in terests.” WM -- * • ilg aMjvl fnitriw arid Xw>m Office I* L mm riuUdtag Office VkoM 19S Hmm I%om M A 10 DAY VACATION TO CUBA Avfuat 26th-27th From To Norlina Havana Henderson And Return Oxford $28.00 Louisburg . , Wake Forest '** Jackson villa wage roreat And Port Tickets Sold for all Trains August 2eth and Train Itl From Hen derson August 57th S to powers—Baggage Checked Far Information See Agent H. E. PLEASANTS, DPA 5«5 Odd Fellows Bldg., Raleigh, N. C. teahnairi FORECLOSURE SALE. By virtue of the power contained in a Deed of Trust executed by J. Hal stead Kelly and wife. Rose Kelly, to Thos. M. Pittman, Trustee, recorded in the office of the Register of Deeds of Vance County in Book 145, Page 88, default having been made in tha payment of the debt therein secured, on request of the holder of the same, 1 shall sell for cash, by public auc tion, at the Court House door in Hen derson, N. C., to the highest bidder, on tha 19th day of September. 1983, at twelve o'clock noon, the following described property: Begin at a point on the South side of Young Avenue in the intersection of said Avenue and Rail Road Street in the City of Henderson, and run thence in a Westerly diiection along aald Avenue One Hundred and Fifty < ; 150» feet to Adcocks' corner; thence at right angles to said Avenue in a Southerly direction along the line of Adcock and Young One Hundred and Sixty (180> feet to an iron pin; thence on a direct line In an Easterly direc tion and parallel with said Young Avenue One Hundred and Fifty (180) feet to said Railroad Street; thence along said Railroad Street in a North erly direction One Hundred and Sixty (160) feet to the point of beginning the lot together with the two story dwelling thereon, being the old home place of the late Ella V. Kelly. This the 17th day of August, 1932. ELIZABETH B. PITTMAN, Executrix of the estate of Thos. 1L Pittman, Trustee. Pittman, Bridgers and Hicks, Attorneys. FORECLOSURE SALE By virtue of authority contained in that certain deed of trust executed by J. W. Gill and wife Edith M. Gill, recoided in Book 151, at page 302 in the office of the Register of Deeds of Vance County, default having been made in the payment of the debt therein secured, at the request of the holdec of the notes, I shall sell by public auction to the highest bidder for cssh at the court house door in Henderson, N. C., at twelve o'clock noon on Monday, the 12th day of September. 1032. the following de scribed property: Begin at an iron stake 50 feet from the center of the S. A. L. Ry. right of way and 866 feet from W. S. Parker corner and run thence S. 60 1-2 E. 200 feet to a stake at the in tersection of Watters Street, thence along said Walters Street N. 29 1-2 E. 100 feet to a stake on corner of Lowery Street, thence N. 60 1-2 W. 200 feet to a slake 50 feet from center of right of way of S. A. L. Ry.. thence parallel with said RR. S. 29 1-2 W. 100 fee* to the place at beginning. See deed book 69. page 433. also deed J. N. Gill and wife to J. W. Gill. On this lot Is located Ihree houses. This the 10th dsy of August, 1932. A. A. BUNN, Trustee. FORECLOSURE SALE By virtue of tihe power contained in a Deed of Trust executed by Howard Thorne and wife, Bessie Thome, to Thomas M. Pittman, Trustee, record ed in the office of the Register of Deeds of Vance County in Book 145. Page 212, default having been made in paymertt of the debt therein se cured, on request of Hie holder of the same, I shall sell for cash, by pub lic auction, at the Court House dior in Henderson, N. C., to the highest bidder, on the 19