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’CENTRAL cahouna. year Tobacco VALUATION WILL j UH HIGHER TAXES ! liOGHOUT STATE; reclining Value* Will Bring Increasing Rates and Af ford But Very Little Relief CREDIT of state MAY BE IMPAIRED jf Valuations Are Cut Too U W Will Make Debt iKove 7 1-7 Percent Con ititutinnil Limitation and Forestall All Chance Os, Further Credits IlioiM'li nnrrna. In Hr +'r Hold l i 1..4M.HV11.1, * S who pay ;• :"*i ’v in North Carolina ~ rums thr smallest tax’ C-, - . • h will pay for many , . -iv amordlng to opinion i .... ;- > :• i (■<r this is that It is i ... .■ . fir-s conclusion that the * :? • x-sctnMy will ouler a .. i .. ; vof all property in ( ; > n in turn will make j ... - .» • < in the assessed val - < -oil property in the | ; i T .» mean that, since the counties, cities and • • most the same from •t- -penally the cost of; .« - ‘ax rates will be in . >,.*• Mover proportion val . vressed. I - > --esse<i value of pro- j • \• - '’arolina. according to j t • tables compiled by i •t -■ • T« ''mmission, is approxi- j -.rmn although the ea- J , value of property in ** ' I - ' l- »-‘!mated by the Federal I ! - between $4,500,000,000 j - P ...... v»-, Y»t those who are • r in bringing about a I <•*-, vtaV >n of property aa ■ *•■* *- »pr,eral Assembly meets.) • ‘hs‘ »h« valuation will be j ■ >-* than $2,500,000,000 j • . -y» .'.pn nuuntain that it j t- ■ « *o $2 000.000.000. ' i -n'lons in the Stats are j •* ‘ 4 ■ (2 500 000.000 .the | " ' ' 1?•» >*ate s bonded indebt-j • -x'-oei the constitutional i ' ‘ ; p.>r rrut. This will mean I -v ..... . rrorlit will suffer, and | .» ' bonds decrease. It wiU j yn- -h- state will not be ] *' ■ sr.v additional bonds for i :v: -f whaf®ver. regardless of ‘ -*» * .. -«.r„ -snty. •• siwo-pr. will not suffer j r* of a reduced State J *' • o much as will the coun- j *• ■>- a-i town. For the State 1 1 •» »* taxes on property for) f -.. wi»h the one excep- • " ' *h» 11 cents tax for schools. J "'• ' undoubtedly be removed ( •4. i-.yt General Assembly. So! ’ -* *' m *h* injurious effect of this; - r b=>\ »on th® State’s credit! j-lm; of its bonds the t " •:ru“d on Page Three 1 Tennessee Lynchings Prevented j 1 ,J ’i;»rdsmen at Le-I Withdrawn! ' s Quiet Returns Slaying Term. Sept. 6.—(AP> e-tored here today and 1 , .. Guardamen returned to j , *’ Nashville after a night "nee. in which 500 men ~ 1 jail, seized two Negro ■ . ’hreatened to lynch them, . ' ir.g of two constables. . ’*■'! -urged into the prison • . ‘ . rr nce bv authorities that .. . . held for killing Con ,. . ‘ t ’ Northern and Special Con • " i Brown had been removed / ■*' : jail. ’• * Climer arrived in Nash h® prisoners about the time , ' v ’' made on the Lebanon .. ve vent to its wrath by ' f '“ ''"'men who were arrested n *-n m a from which •'■ e* were shot, and took i, p “ P'lblic square. '•’* ■‘houts of “string ’em ' i, ..f 0 f police Robert Grann r ‘ •’ <»f men and women per ”r>wd to return the pri- sci, ' HrnJirrsntt Batlti FULL. LEASED «ny a _ OF THE A&ocgjgp WgJIC. Government Withdraws Its Cotton, Wheat Front Market Next President Faces Short Term Vk ■* if illlfl IriiHH Franklin Koosrxc:; *9 3 7 %“jjk \ ti Igg ijj A prospect of less than four years Ib the White H»u*e faces the presidential candidate elected tn November The next incumbent may be forced to relinquish that High position 43 days short of the four-year term, to the virtual certain adoption of the “lame Treasury Selling Notes Over A Billion Dollars In Biggest Sum Os Year $750,000 Offered In Five-Y ear Paper at 3 1-4 Percent; Money Needed To Retire Maturing: Certificates September 16; Expect Deficit to Decline Washington. Sept. 6. — (AP, —ln its ( largest financial operations of the 1 current fiscal year, the Treasury of-! sered for sale today J1.139.0J00u0 of 1 Federal securities, A five-year note issued for J750.U00.- 000, dated September 15, and paying 3 1-4 percent interest, comprises the chief portion of the new securities. The remaining $400,000.00t) is in 1 1-4 percent certificates of indebtedness, also dated September 13, and matur ing in one year. insurance Tearing LATE IN SEPTEMBER. » Boney Says Brief Has Been! Furnished In Compen sation Increase Raleigh, Sept. 6.—(APl—lnsurance Commissioner Dan C. Boney said to day that in all probability the hear ing into the request of compensation insurance companies for pc-mis. ion to boost their rates in North Cnroima will be held late this month. Boney said the brief the compensa tion rating and insurance bureau of North Carolina and mutual and stock i compensation companies had been In j structed to furnish him respecting ; their premium Income and losses In cured in North Carolina for the po licy years of 1929 and 1930 had been Copies of the brief are now being prepared to be sent to employers who are protesting against the proposed increases. They will be given about two weeks to reply, and the hearing will then be had, ■ ONLY DAILY NEWSPapr r Prices Are Much Higher i ) duck” amendment to the constitu \ j th»n. Under this amendment, al i i ready ratified by many states, the ! new inaugurstion date will be Jan. 20 instead of March 4 No : ' state has rejected the proposal. It I ; T’ quires 86 states to ratify aa ■ I amendment to the eaoetitution The money is needed to retire $12,- 504.500 of Treasury certificates ma turing September 15. and to meet $50,- 000.000 in interest payments on the public debt falling due the same date. What is left will go for current op erating expenses, including the Re construction Corporation’s cash re quirements. The Treasury now faces a deficit of $400,000,000. but a material reduc tion in this figure is expected upon receipt of the third quarter’s income tax paymenLs September 15. Storm Will Strike Near Wilmington Florida Escapes West Indies Hurricane, Now Due On Caro lina Coast Washington. Sept 6. —(AP) —Florida was out of the path of the latest tropical storm today, but the Weather Bureau had ordered hurricane warn ings for the Middle Atlantic Coast. | Since Thursday a storm of reported I hurricane intensity has been pushing j slowly across the f Caribbean toward j the far southern mainland but early today it had shifted its course and pointed northward, with the pos sibility that it would strike sometime late today between Wilmington, N. C. and Cape Hatteras. PUBLISHED IN THIS SECTION OF NORTH CAROLINA AND VIRGINIA. HENDERSON, N. C., TUESDAY AFTERNOON, SEPTEMBER 6 1932 American Fanner To Get Full Benefit of Short Crop In Higher Prices, Stone Says R. F. C. LOAN MAKES POLICIES POSSIBLE Unsold Wheat Stocks Less Than Three M illion Bush els, Farm Board Head De clares; Will Bh Sold Only to Counlries That Take Little of the Ciop Washington. Sept. .--(AP)— Sale? of stabilization wheal and govern ment-controlled cottod definitely were halted today until next year. This decision was announced by Chairman Stone of the Federal Farm Board after being made possible by a $50,000,000 Reconstruction Finance Corporation loan to the Cotton Stabili zatinn Corporation and the American Cotton Cooperative Association. “Those steps are being taken and loans obtained," Stone said, “so that iha cotton growers will get the full benefit of the market for their crops this yeai. and for hte purpose of enabling the organizations to gradual ly liquidate their holdings during per iods when more active demand is an ticipated." Stone made his announcement in two statements one issued on behalf of the cotton group and one for the Grain Stabilization Corporation. The latter said its unsold wheat stocks, amounting to less than 3,000,- 000 bushels, compared with 250.000,000 bushels $4 months «&(». ’.‘will not be reduced by sales before January 1, 1933, except such sales of this 3.000,- 000 bushels as may be made for ship ment to foreign countries that other wise would not be important buyers of United States wheat." Accused Trio At Fayetteville Are Given Conviction Favtteville, Sept. 6 (AP)—J O Webb, Charles Jonea and Roy Adams today were convicted of second ('<• ~"® —i-irder for the slay tng In a holdup June 11 of A. C. Willis, Fayetteville grocer. The thee edefendnib testified they were dazed by drink at tlie time, and that Webb was the only one who shot during the hold-up. The case went to the jury after two days of argument, climaxed today by Solicitor Tom McNeill’S speech and Judge Walter L. Small’s brief charge. Father Os Young Heir Steals Lad Indicted for Kidnap ing In Taking Boy Away; Lived In Dallas Dallaa, Texas, Sept. B.—(AP) Police were searching today for Hugh Bradford Jenkins, lOyear old grandson of the late Mayor T. L Bradford, of Dallas, and one of the three principal heirs to Brad ford’s estate, valued at consider ably more than SLOOtMXtO. Mayor Bradford died August 22. The boy was last seen yesterday when his father, Hubert J. Jen kins, 38. of Louisville, called at the Bradford country home to take him to lunch and a movie. Jenkins took the boy away about ‘ Han, saying he would return at 2 p. m. Jenkins was the first husband of Elizabeth Bradford, daughter of the late mayor, and Mrs. Bradford. They were divorced and. she later re-married. She was killed five year* ago in an automobile ac cident. An Indictment charging kidnap ing of the tmy was returned against Jenkins, by the copnty grand jury this afternoon. The In dictment wad sought by Charles F. O’DenneU, who sad served as Mayor Bradford’s attorney for many years. . , , • Btamtlrfi Colorado Senator ? Wl T • -- WFm HmS HSp. jh Walter Walker, above, Democratic publisher of Grand Junction, Colo., is expected to fill the vs fancy in the U. S. senate caused by the recent death of Senatoi Cl larles Waterman, s Republican. Gov. William Adams, a Democrat, >os indicated the appointment will go to Walker, retiring state chair, man of his party. ELECTRIC POWER CONSUMERS WILL GET REDUCTIONS Commissioner Winbome Says “Great** Cuts In Rates Are Assured for Users In Stat? LAST “CONFERENCE** HAD BY COMMISSION Tidewater Power Company of Wilmington Heard, and Winbome Statement Fol lows That, Making It Clear However, He Is Speaking His Own Views Raleigh, Sept. 6 (AP)—Stanley Winbome, one of the three mem bers of the State Corporation o >m uilssion said today after the com mission -had lyeld a icxtaferefioe with representatives of the Tlde- WuXt'T Power Company of WII. mingi <_y, that “there Will be great reductions for consumers of elec tric power served by the major uti lity companies In the State .” Mr. Winbome made it clear he was speaking for hlmaeiff, saying the com mission hud not reached any final de cision in regerd to proposed lower rate schedules. Chairman W. T. Lee and George P. Pell, the other commission members, have also plainly indicated they fee 1 reductions arc in prospect. “After a consideration, of the facts before me.” Winboroe said. "I am sure reductions in rates will be ord ered by the commission. The com. mission will go to work right away on its reduction proposals, and we hope to have definite action in a very short Ime" The conference with the Tidewater company representatives today com pleted the series of meetings with major utility companies. The Caro lina Power and Light Company, the Durham Public Service Company and the Southern Public tilities Company had previously been heard. “Jess” Clark of Durham Herald, Is Claimed by Death Durham. Sept. 6 (AP>—J. E “Jess” Clark, 57 former managing editor of j the Charlotte Observer, and for thr past eight years a. member of the staff ; of the Durhpm; Herald 'died at a hoa -1 pita I here today after a Jong Illness, i Clark had also-been connected with the Raleigh Times,, Wilmington Star and Norfolk papers. x ’ Among survivors are bis widow, two sons and two daughters. He, was a native of Union county, but wheth er funeral services, will be held Ahere bad not been decided today. WEATHER FOB NORTH CAROLINA. Partly cloudy and cooler tonight and Wednesday, except probably rain In extreme east portion. t * PUBLISHED EVERT AFTERNOON except Bum>ar. Eastern Carolina Averages Close To Double Last Year Farmers Appear Pleased And No Tags Reported Turned; One Market Re ports Day’s Av erage at $15.55 Raleigh, Sept. 6 (AP) —Tobacco from North Caro- new bright leaf belt lived up to its fame of the golden weed today and farmers smiled at soaring prices as the belt opened for the season. Avei ages doubled and treoled last years prices, few tags were turned, and poundage dumped on the floors by rumbling trucks hovered around the 2,000,000 pound mark on the first half dozen markets to report. STATE ATTENTION TURNSTO TOBACCO Opening of Markets In East., ern Carolina Attracts I Many People EVERY ONE HOPEFUL * Marketing of W 32 Short Crop Relied ; On To Help Turn Tide Fnom I*©- I pretuuon to ITocperity Iti The Kant Daily lTln|«at< h'tlnr-rnn. I In thr Sir Wnttrr Hotel, ni J V . B ASK Kit VI 1.1, Raleigh, Sept. 6 The attention o' i the entire State was focused upon the scone or more tobacco maikets that opened today in the New Bright Bel’, including all of the Eastern Nov’.h Carolina markets, and upon the prires that will be paid. For the incomes and welfait* of thousands of individ-| uals. and business cone* in. as well, I depend upon the prices paid In this j tobacco. If the prices are as high as ' have been paid so far on the o.arkeli already open, and continue to hold up or shew an increase, they will bring new life f.nd encouragement to ah of Eastern North Carolina, whore almost | the netire economic structure, both j rural and urban, hinges upon the to- j bacto crop. But if tin. prices do not ‘ hoid up or show an increase the 'Jf ua- : t>on will continue bad. The expectations is, however, that when the eales open tod.*y the prices j iv.il be on par with the ..rices paid in Ihe border markets, wi: the aver- 1 age has been from sl3 to sl6 per 100 j pounds for the past week or so, with some of the more choice grades sell- j Ing as hig has SSO anti S6O per 100 1 Ice. These prices are mere than | double the average price paid on the opening day in the bolder markets j last year One of the reasons for elief that the prices in the markets opening to day will be even better ihar. in the border states is because a b:t*er qual- ] My of tobacco is usually produced In j the New Bright Belt, because much less tobacco was grown in this belt this year and because 11.» farmer .- j have been giviug more at e ttion to its ; cultivation, curing and grading. It j is admitted that soma )f the tobacco j in this belt was Injured somewhat bv | the hot, dry weather. Rj‘ in manv j localities it is said that these condi-1 tions merely hastened .ht c op t 0 ma turity wtihout greatly ua.oogin* the quality. Still anolher factor tha* many think (Continued on Page Three.) Robbers Get Loot About $6,000 From Denton, N. C., Bank High Point, Sept. 6.—(AP>—Four unmasked men robbed the Carolina Bank and Trust Company of Deaton. 27 miles from here In Davidson coun ty. of approximately $6,000 about noon today. Three men walked into the bank, oc cupied at -the time by only two pa trons and Baxter Carter, cashier. The fourth man waited In an auto mobile near the entrance. * One of the trio afeked Carter to change a $5 bill, and as the cashier began the change the three whipped out pistols and covered him and the two customers. They scooped op ail the currency in sight and fled to the machine, which roared off in the di retion of Asheville. 6 PAGES TODAY FIVE CENTS COPY Kinston and Wilson reported 600 001 pounds each on floors there, with prices well above the 1031 opening. Wilson’s average was estimated a between sl2 and sl3. an appreciable increase over the 1931 average of $7.82 per 100 pounds. The average at Kinston appeared !<> ne annul 12 cents but accurate data was difficult to ob tain. so fevered v.as tne selling. Approximately 650.000 pounds in Greenville was reported going fast at between $9.50 arid $lO, as compared with $6 90 last year. Farmville's estimated sales were 250.000 pounds al from $lO to sll. while sales at Williamston were run ning around $lO as buyers made in roads on 85.000 pounds. Prices at Ahoskie were reported from 30 to 43 percent higher than laat year’s with a break of 150.0000 pounds. Common grades wepp about twice as high as in 1931. The Bank of Ahoskie reopened today for the first time since December, 1931 to handle the business. Smithfield had the smallest open ing sales in years, with about 100.000 pounds selling for an indicated aver age of $12.50 per 100 pounds. Around 60.000 pounds were dumped on floors at Washington, where cheap er grades brought two to three times wnat tney did in 1931. The first two rows at New Bern, containing 3.680 pounds, sold for an average of $7.38 per 100. against an average of $9.28 last year, but todavs grades were much lower than those of 1931. AVERAGE AT ZEBITLON IS ANNONCKD AT Sls-55 SUM Zebulon. Sept. 6.—(AP)—Tobacco prices here today averaged $15.55 per 100 pounds, almost twice that of open ing last day laat year. Sales were un usually small, only about 15.000 pounda (Continued on Page Three » GEORGIA'S TOBACCO CROP 11,603,435 LBS. Atlanta, Ga.. Sept. 6. —(API— Georgia farmers sold 11,603,435 pound* of bright leaf tobacco dur ing the 1932 season for $1,2*7.606- 64, Marcus McWhorter, statistician of the State Bureau of Markets, announced today. The average price per pound was $9.41. Seek Motive; For Suicide Os Producer Jeal Harlow’s Hus band of Two Months Found Dead In His Hollywood Home Hollywood, Cal.. Sept. 6.—(AP)—ln an effort to “uncover a motive for the apparent suicide of Paul Bern, motion picture producer. Inspector of Detec tives David A. Davidson announced today he would question Jean Harlow, screen star, who married the pro ducer two montha ago. Davidson said he would call on Mjss Harlow at the home of her par ents as soon as he received word the actreae is In a condition to be inter viewed. Miss Harrow was reported near a collapse today. Although Davidson said there was no deftibt in his mind that th* death of Bern whose Ix.dv Was- found yesterday in his Bevel ty 1 Hills home, was a suiride, the inspec tor said he wap ted t( clear up all [ angles of the case.