Henderson daily dispatch., September 01, 1932, Page PAGE FOUR, Image 4

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

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PAGE FOUR
HENDERSON DAILY DISPATCH
MaMIM Ammwmt IS. 1114
IN«vt Atl»mw
DHDEIION DIIPATCI CO< DIO.
mi 1* \»mmm llmt
■BKRT a' DBNNIB, Pro*, and Bdltor
M. L. riNOH. Sec-Tr«oe and Baa. Mgr.
TELEraONM
editorial Off io* 10*
tlatr Editor (ta
la— Off lea ..... «1>
Th« Henderson Dally Diapatcli la a
Btmbtr of tb« Aaaoclatod Proaa. N«wi
paprr Enterprise Association, Soutb
arn Newspaper Publishers Aaaoclatlon
and tba North Carolina Praaa Aaaocla
tlon.
Tba Aaaoclatod Proaa la exclusively
entitled to uao for ropubtlcatton all
lews dispatches credited to It or not
Otherwise credited In thla paper, and
Alao the local newa publlahod beratn.
All rights of publication of apeclal
dlapatchea herein are alao reserved.
atßSCßirrion rmcEa.
Payable Strictly la Advance^
Dm Tear M.M
tli Months I.M
Three Montha I.M
Par Copy .M
NOTICE TO SUnSCRIBEMS.
book at the printed label on yonr
•aper. The date thereon ihowa when
the subscription expires. Forward
your money in ample time for re
newal. Notice date on label carefully
Sad If not correct, pleaae notify ua at
•ace Subacrlbers deslrtnir the address
M tbelr paper chanted, pleaae atate In
their communication both tba OLD
and NEW address.
Ratteaal Adrartlelaar Hrpreeeatatlyee
FROIT. LANDIS A KOHN
#M Park Avenue. New fork City; SI
■Sat Wicker Drive, Chicago; Walton
Building. Atlanta; Security Building
it. Lou la.
Entered at the post office In Hender
— >n. N. C.. as second class mail matter
iewrts.'haa—
September 1
BETTER THAN RUBIES: -Search
the Scriptures; for in them ye think
ye have eternal life; and they are
they which testify of me —John 5: 39.
JUDGE KERR’S COMPLAINT.
(Kinston Free Press.)
The press of the State has given
considerable editorial attention to the
complaint made by Judge John Kerr,
congressman from this, the Second
District, who spoke here last week and
criticized the newspapers for belittling
the efforts of Congress.
Among other things that Judge
Kerr said, was to charge the news
papers with lack of appreciation for
consideration shown to them by the
Congress in refusing to advance the
a«cond class postage rales to what the
Poat Office Department would say is
a self-supporting basis.
The Congressman seemed to have
the impression that Congress was
mod generous in this respect and he
inferred that its refusal to Impose &
prohibitory postage rate on the news
papers of this country was with the
expectation of currying favor with the
press. Judge Kerr probably didn’t in
tend his attack on the press to sound
Dke that, but it did.
The Free Press, whose editor for
many years has been in close touch
with the postal rate situation as a
member of the Postal and Legislative
Committee of the Southern Newspaper
Publishers Association, has been under
the impression that the second-class
postage rates were not boosted to a
prohibitory figure because Congress
recognized the importance of the press
of the country as a disseminator of
Information. It has appreciated the
nominal subscription price charged by
the newspapers, a price much below
the cost of production, and the low
postage rates have been an induce
ment and incentive to broaden out the
circulations and secure well-nigh uni
versal coverage. This paper has never
had the idea before that Congress con
sidered that it was granting a favor
for which it should get something in
return.
In this connection. Judge Rtife
Clark, editorial writer of the Greens
boro News very aptty says;
“The highest tribute that can be
paid any newspaper is that it is un
awed by influence and unbribed by
gain: that it does not permit obliga
tions to be established that will pre
vent the voicing of candid criticism.
Judge Kerr has the reputation of an
honorable and able man, one who
would not be diverted from what he
believed to be his duty, from speak
ing his convictions, as a result of any
consideration shown him. We couldn’t
vision Judge Kerr as judge or Con
gressman surpressing his convictions
of right because someone had extend
ed him a courtesy, or a special pri
vilege. But he seems to feel that the
newspapers could, and should, be con
trolled that way. The ex-judge and
present representative In Congress,
certainly hasn't a tugh opinion of
newspaper men.”
TODAY
TODAY’S ANNIVERSARIES
1730—John Cochran, physician and
surgeon-general of the Revolutionary
Army, born in Chester Co., Pa. Died
At Palatine. N. Y.. April 6, 1807.
1785—Peter Cartwright the Metho
dist circuit preacher whom Abraham
Lincoln defeatied for Congress in 1846,
born In Airiherst Co., Va. Died in
Pleasant Plaine. 111.. Sept 25, 1872.
1791—Lydia H. Sigourney, noted
poetess of her day, born at Norwich,
Conn. Died Hartford; Coon.,
June 10. 1865.
1792—Chester Harding, noted early
American portrait painter, born at
Conway, Mass. Died ra Boston, April
I 1, IMS.
I 1796— James Gordon Bennett, cele
brated Now York Herald owner and
’ editor, bora 1n Scotlond. ~ Died in New
York City. June 1, 1872.
1825—Lucius Q. C. Lamar, Mlsels
. *lppi statesman and Jurist, U. S. Sen
ator, cabinet officer and Justice of
the Supreme Court, born at Eaton ton.
Ga. Died at Macon, Ga., Jan. 23,
> 1883.
| 1832—Ephriam Cutter, noted New
. York physician and food expert, bom
' in Wctoum, Mass. Died April 25,
1917.
1862 A] G. Barnes (Alpheus G. B.
Stonehouse), noted circus man, bom
in Ont., Canada. Died at Indio, Cal.,
July 25. 1931.
TODAY IN HISTORY
1807 —Historic trial of Aaron Burr
. for treason.
1869—The first Pullman car left
Bloomington 111., for Chicago.
1882 —Labor Day founded by the
Knighte of Labor.
1885 —Opening of the first Mectrlc
street railway in the country —from
Baltimore to Hampden. Md.
TODAY’S BIRTHDAYS
Edgar Rice Burroughs, author of
the Tarzan stories, born in Chicago,
57 years ago.
Rex Beach, noted noveuat, bor uin
' Atwood. Mich., 55 years ago.
J. Reuben Clark Jr. of Utah, U. S.
Ambassador to Mexico, bom at Grant
ville, Utah. 61 years ago.
Rear Admiral Samuel McGowan,
U. S. N., retired, bom at Laurens,
S. C. 62 years ago.
Dr. V. Redman, of
Bloomfield N. J. noted chemist, born
in Ontario. Canada. 52 years ago.
Dr. Arthur G. Crane, president of
the University of Wyoming, born at
Davenport. N. Y., 55 years ago.
Henri Bourassa. leader of the Cana
dian Nationalist Movement, born in
Montreal, 64 years ago.
TODAY’S HOROSCOPE
The special indications for the first
day of the month are for a person of
free, generous spirit, with a liking for
Nature and contemplative spirit.
There is a cautious and practical turn
of mind, with decided financial abil
ity, yhich should provide a satisfactory
condition in the latter days of life,
other aspects being equal
FARM PRESIDENT
WANTS STATE TO
TAKE OVER DEBT
(Continued from Pag* one.)
Mac Lean, and compel the State to as
sume all present county indebtedness
for roads and schools. It would also
seem that the farm bloc is again look
ing to Mac Lean to lead their fight for
lower property taxes, by shifting coun
ty expenses from the county to the |
State, in the 1933 General Assembly.
It was Mac Lean. of course, who led
the fight for the State to take over
the coat of the six months school term
back In the 1931 General Assembly. He
cause of his success in removing all
but 15 cents tax for schcol purposes
Mac Lean became the hero of the far
mers and landowners in 1931, although
'he farmers and home owners own
! CROSS WORD PUZZLE |
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ACROSS
I—Become familiar'with
I— Infants
10—An English critic and author
12— Strikes sharply
14— Unaspirated
15— Cook in grease.
17— A continent
18— Speechmaker
29 Twelfth century eccleaiast ’
22 A nervous disorder (abbr.)
23 Before (poetic)
24 To soak
25 Behold!
26 Kelt
28—Piece of furniture,
30— Thus
31— Printer’s measure
33—Daybreak
37—To lend
U—Title denoting
(abbr.)
13— Perceive
14— Conjunction
45 One of the U. S. (abbr.)
46 A vitreous liquid
4S —Pertaining to the middle
BO—Roman poet
ll A small bit
13—Unoccupied
54—Allude
56 Part of Ashing tackle
57 Bird homes
M—Heroic stories *
DOWN
1— Father of Ulysses
2 A Volcano of Sicily
S—Mythical possessor of the
Golden Fleece
( 4—A public carrier (abbr.)
>B—Like -=rr
jl—Explosion*.
*—Lighten ,
Ar-Sbed
HENDERSON, (N.C.,) DAILY DESPATCH THURSDAY, SEPTEMBER, 1,1982 "
only about 30 per cent of tho property
in the State.
I The whole-hearted . approval .given
r to MacLean'a suggestion that the State
should take over the county road, debts
. both by President Watson, of the far
mers’ convention, and by the J more
than 2,000 farmers and their wives
attending the convention, it is regard
' ed here as a definite indication that
' Mac Lean will be the accepted leader
of the farm bloc in the 1933 General
r Assembly, just as he was in the 1931
1 Assembly. The fact that Watson and
> the farm convention went even far
ther than Mac Lean and advocated as
sumption by the State of both the
l road and school debt in the counties,
, as well as the removal of the present
15 cents proptrty tax for schools, in
dicates tha he farm bloc has made the
sky he limit. The county road debt
now amounts to more than $99,000,000
and the county school Indebtedness to
more than $75,000,000 while the 15
cents tax amounts to about $4,500,000
| a year.
For the State to assume this $175,-
, 000,000 of additional indebtedness and
| also remove the 15 cents tax, it would
have to find at least $15.000,000 a
year more revenue than it has been
able to find heretofore. For it is con
servatively estimated that It would
have to retire at least $10,000,000
worth of interest and principal a year,
should it assume this $175,000,000
worth of county road and school
bonds, while the removal of the 15
cents tax, producing its revenue of
$4,500,000 a year would add that much
more that must be raised from other
sources. Mac Lean and the farm bloc
demand, of course, that none of this
money shall be raised from a tax on
property.
Since it is agreed that franchise
I taxes, and the tax on gasoline arc al
ready as high as they can be made
and that the income from these taxes
is steadily decreasing, the only way
this additional $15,000,000 a year could
be raised is plainly from a general
sales tax of about five per cent on
gross sales of every kind, with pro
bably a selective luxury tax on many
other commodities, including tobacco
products, at an even higher rate.
During the 1931 General Assembly,
the two per cent general sales tax ad
vocated by Mac Lean and his eastern
North Carolina farm bloc would have
yielded $9,000,000 a year, according to
their estimates. Revised recent esti
mates show it probably would not
have yielded more than $1,000,000. So.
on the basis of present sales, a general
sales tax of not less than five per
cent, together with a luxury tax im
posing about a 20 per cent rate on
luxuries, would be necessary to pro
vide the $15,000,000 additional revenue
needed should the State take over the
county school and road indebtedness.
This is also virtually disregarding the
State deficit of about $10,000,000 to
$12,000,000 that will have to be taken
care of by the 1933 General Assembly.
There is little or no chance that the
1933 General Assembly could unload
the county school and roud debts onto
| the State even if it wanted to. since it
is generally agreed such action would
be unconstitutional and be blocked by
the constitutional limitation that the
State cannot go into debt for more
than 7 1-2 per cent ot its assessed
valuatiorf. The State already: has some
$180,000,000 in bonds outstanding,
which is perilously near the 7 1-2 per
cent limit, thus making it impossible
for it to assume another $175,000,000.
iiii ■ ” ■
10—Plugs along
31— Either
13—An island of the Paclflg.
13—Man’s name
16 —Inclosure
19— Mineral-bearing rock
21-Rom *
27—80 w ,
29—To know
32 A bower
34 Stage directions
35 Damp
36 To feel the want ot
3<—An animal
38— Single
39 Computing
U~u ar ! of a woman '« dfesg
4* Resting place "
45—Chalice covers
47—Plentiful
49—Notion
52—Near
55 Right (abbr.)
56 One %f the continent^
(abbr.)
Answer to Previous P„r*i.
But the agitation from the agricul
tural Mat in favor of unloading as
much 4m possible of farmer county ex
pense—together with Ihe local self
government involved—upon the State
is regarded here as being significant
For if this movement should succeed,
It would mean that the Piedmont and
western sections would pay the larger
share of the State's taxes and that
the eastern portion would pay a very
small amount even under both forms
of sales taxes. It would also mean that
the large corporations, which are not
large consumers and hence not af
fected by any form of sales tax, would
go almost tax free as far as any pro
perty taxes are concerned, those who
have studied the situation maintain.
dr. wTcTwicker is
RETURNING TO ELON
After Seven Years As Field Secretary
Os Masons He Resumes Claw*
room Duties
Elon College, Sept. I.— After an ab
sence of seven years, one of North
Carolina’s best known educators and
fraternal workers—Dr. W. C. Wicker—
is returning to the classroom and the
teaching profession again.
An announcement made today by
Dr. L. E. Smith, president of Elon
College, revealed that Dr. Wicker has
joined the college faculty to reorganize
and direct the department of educa
tion. Dr. Wicker taught at Elon for
23 years.
During this period he served in sev
eral capacities. In recent years he has
served as field secretary for the North
Carolina Grand Lodge of Masons.
Perfect Teeth In
25 Negro Children
In School Found
Daily Dinpnti-fc Tlarena,
In the Sir Welter Hotel.
BY J. C. BASKEItVILL
Raleigh, Sept. I.—The record for
good teeth belongs to the children in
the third or thg Gregory school
for colored children in Currituck
county, according to Dr. E. A. Branch
head of the mouth health division of
•he State Board of Health. For out of
the 25 olored children in this grade
examined by the school dentist when
he visited the school, the teeth of 24
of the children were found to be per
fect and only one very small cavity,
no larger than pin head, was found
in one tooth in the mouth of the 25th
child.
“Wherever we find a section in
which there are plenty of cows, chick
ens, gardens and sea food, we find
good teeth, good health and an ab
sence of pellagra," Dr. Branch said.
HUGE LOANS MADE
RAILROADS PRESAGE
OWNERSHIP BY U. S.
(Continued from Page One.)
general mortgage 6 per cent bonds,
due April 1, 2000.”
Senator Duncan U. Fletcher of Flor
ida seemed an ’ appropriate authority
to consult as to the question:
More Than
SIOO,OOO
For 5,200 People
Money For First National Bank Depositors
On the day the First National Bank re-opens 5,200 people will receive a
total of more than One Hundred Thousand Dollars.
Less than twenty people are delaying the re-opening by refusing to sign
the agreement. These same twenty people will defeat the plan unless
they accept the agreement at once.
90% Os the depositors have been pledged to
the reopening, but 90% cannot open the bank.
All of the work done will be wasted unless the remaining few co-operate,
all of the hopes of over five thousand people to get their monev at an
early date will be destroyed.
In receivership nothing can be paid out before March 1933. If you sign
today the bank can pay out more than One Hundred Thousand Dollars in
fifteen days.
Is it fair for twenty people to destroy the plan of more than five thousand
people? We feel that it is our duty as a committee to say to them that
they take a great responsibility with their own money and the money of
others when they stand in the way of this great community project.
Jasper B. Hicks 'll _
Walter J. Alston depositor*
Early R. Boyd J Committee
iji/i TtesiJl
Is not a 68-year period a long time
to trust to a railroad bond issue of
1932, in an era of such rapid transi
tion, to remain dependable, among
securities for so substantial a loan as
one of $31,625,000?
In the first place; the senator, with
most of his fellow lawmakers away,
electioneering, is in Washington. Sec
ondingly, he is a member of the spe
cial committee left, when Congress ad
journed, to keep an eye on the ac
tivities of the R. F. C. Thirdly, as
senior Democrat on the Senate’s bank
ing and currently committee, he is ex
ceptionally well informed concerning
all sorts of transactions involving
large sums of the government’s money.
"Well," said the Florida solon, in
a somewhat dubious tone, answering
my query, “it is to be taken into con
sideration that these bonds are not the
sole securly otffered.
"However, not speaking particular-
The Forfeitin' Man!
ly of this lean, but of many of those
made by the R. F. C., there assuredly
is a strong prospect that the govern
ment will find itself compelled to take
over numerous large properties when
the juncture arrives for repayment to
be made.
“Besides being left with various rail
roads on its hands, it will be left with
industries of divers kinds to run, and
probably with banks to operate, also.
"In short, there are indications that
we are approaching a condition of
affairs much more closely approximat
ing socialism than I like to contem
plate.”
“There is evidence,” continued the
senator, "that the Reconstruction Fi
nance corporation has gone consider
ably beyond what was expected of it.
"Instead of contenting itself with
the making of advances to needy in
stitutions, out of the funds placed at
its disposal by Congress, it may pres-
ently be revealed that it likewise ha?
guaranted other loans, made from pri
vate sources to these same needy con
cerns.
“Should this prove to be the ca«e
Uncle Sam must add the obligations
he has underwritten to the total of
his cash investments
“For example, one important west
ern banking house, which is known
to have been bridged over a cn K
has been mentioned as having receiv
ed assistance in part from the R F.
C. and in part from eastern banker*
Now there is reason to believe thr
the eastern bankers' aid was nhtsi
ed on the pledge of the R. F. C stand
good for it.
“This embarrassed institution is to
be put upon a sound footing by means
of a consolidation —but a cunsolida
tion in which the government will he
the largest shareholders.''