Henderson daily dispatch., December 08, 1933, Page PAGE FOUR, Image 4

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

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PAGE FOUR
HENDERSON DAILY DISPATCH
Established August 12, 11114.
Published Every Afternoon Except
Sunday By
HENDERSON DISPATCH CO., INC.
at 109 Young Street,
HENRY a. DENNIS, Pres, and Editor
M. L. PINCH, Sec-Treas and Bus. Mgr.
TELEPHONES
Editorial Office 600
Society Editor 610
Business Office 610
The Henderson Dally Dispatch Is a
member of the Associated Press,
Southern Newspaper Publishers Asso
ciation and th« North Carolina Press
Association.
. The Associated Press is exclusively
entitled to use for republication all
news dispatches credited to it or not
otherwise credited in this paper, anu
also the local news pubhsned herein
AU rights of publication of special
dispatches herein are also reserved.
SUBSCRIPTION PRICES^
Payable Strictly In Advance.
One Year $5.00
Six Months 2.50
Three Months 1-50
Week (By Carrier Only) 15
Per Copy 65
* NOTICE TO SUBSCRIBERS.
Look at the printed label on youi
paper. The date thereon shows when
the subscription expires. Forward
your money in ample time for re
newal. Notice date on label carefully
and If not correct, please notify us at
once. Subscribers desiring the address
on their paper changed, please state In
their communication both the OIJD
and NEW address.
National Advertising Representatives
BRYANT, GRIFFITH AND
BRUNSON, INC.,
9 East 41st Street, New York.
230 N. Michigan Ave., Chicago.
201 Devonshire Street, Boston.
General Motors Bldg., Detroit.
Walton Building, Atlanta.
Entered ct the post office in Hender
son, N. C., as second class mail matter
ft|W<ll>a>HTliil.iNlll(>lHti<lX—fatell*: W>
COME ALL THE WORLD: Come,
and hear, all ye that fear God. And
I will declare what he hath done for
my soul. —Psalm 66:16.
THE ROTOGRAVURE.
The Daily Dispatch today presents
as a supplement to its regular issue
a rotogravure section, which is the
first publication of the kind ever to
be gotten out in this city. It consists
mostly of pictures and tells briefly
the story of the various concerns re
presented in it.
It would be the basest sort of in
gratitude if the Dispatch did not ex
press its sincere appreciation to all
those concerns that have given their
cooperation to make this undertaking
possible. It certainly is something of a
credit to the city, and is a larger issue
than some other communities with
greater population have been able to
produce, and is a manifestation of
community spirit on the part of Hen
derson business men that is highly
commendatory.
Frankly, the response was better
ihan had been anticipated when the
work was launched several months
ago. That has made it all the more
pleasant, to go through with the job.
It has been an expensive undertak
ing, and patrons who thought the
price was high are assured that the.
actual cost of the printing alone that,
had to be paid by this newspaper was
considerably in excess of the highest
advertising rate charged Henderson
advertisers. In spite of that, however,
the leading concerns of the com
munity rallied to the undertaking and
have made it even more of a success
than the Dispatch had expected at thd
outset.
The rotogravure section itself is
well printed and well arranged, and
presents an attractive record of lead
ing business concerns. We can say
those nice things because we didn’t
do the printing here in this office. In
fact, there is not a rotogravure pub
lishing house anywhere in North Car
olina, and only one in the southeast,
that being the Atlanta concern that
printed this edition.
It might as well be said, in this
connection, that there is no thought
in this office that a perfect job has
been done. It has not. No critic of a
newspaper can find more flaws in the
paper than the very folks themselves
who produce it. There is much that
could be wished for to round out an
even better publication than that be
ing presented today. But certainly it
represents a great deal of hard work,
much planning and no little worry
and responsibility. Only those who
have undertaken a project of this sort
or similar to it can really appreciate
the tremendous amount of work at
tached to it.
But it has been carried through in
the belief that a service was being
done to the community, pnd therein
lies at least a measure of satisfaction.
The rotogravure goes today to readers
of the Daily Dispatch for their ap
proval.
tWai
TODAY’S ANNIVERSARIES
1765—E1i Whitney, inventor of the
cotton-gin, manufacturer, born at
Westborough, Mass. Died at New
haven, Conn., Jan. 8, 1825.
1823- Robert Collyer, noted Chi
cago and New York clergyman of his
day, born in England. Died in New
York, Nov. 30, 1912.
1828- Clinton B. Fisk, St. Louis
soldier in the Civil War, New Jersey
philanthropist and Prohibition candi
date for the Presidency, born near
Greensville, N. Y. Died in New York
City, July 9, 1890.
1829 Henry Timrod, famed South
ern poet, born at Charleston, S. C.
Died at Columbia, S. C., Oct. 6, 1867.
1839 -Alexander J. Cassatt, who
rose from rodman to president of the
Pennsylvania R. R., born in Pitts
burgh. Died Dec. 28, 190 b.
1832 -'Bjornstjerne Bjorn Son, Nor
wegian author and patriot, born. Died
April 26, 1910.
1848—Joel Chandler Harris, belov
ed Southern journalist —creator of
“Uncle Remus,” horn in Putnam Co.,
Oa. Died July 3, 1908.
1855—William Murray Black, chief
of engineers of tlf> tJ. S. Army in
the World War, born at Lancaster,
Pa. Died in Washington, D. C., Sept
25, 1933.
TODAY IN HISTORY
1792 ~ Henry Laurens, famed South
Carolina statesman and Revolution
ary patriot, died—his cremation mark
ing the first in America.
1801- First Presidential message to
be read to Congress.
1856 Father Theobald Matthew,
famous Irish priest and temperance
advocate, died.
1859 —Thomas De Quincy, noted
English writer, died.
TODAY’S BIRTHDAYS
Cardinal William Henry O’Connell
of Boston, born at Lowell, Mass., 74
years ago. j i
Hervey Allen of Maryland, author
of this year’s best-selling novel, born
in Pittsburgh, 44 years ago.
Percy L. Crosby of Virginia, car
toonist, author and artist, creator of
“Skippy,” born at Brooklyn, N. Y.,
42 years ago.
Robert Frazer, U. S. Consul Gene
ral in London, born in Philadelphia,
55 years ago.
Kenneth Roberts of Maine, author,
born atKennebunk, Maine, 48 years
ago ’ rj.*f ’
Padraic Colum of Conecticut, poet
and dramatist, born in Ireland, 52
years ago.
Burton J. Hendrick of New York,
noted writer, born at New Haven,
Conn., 62 years ago.
Bishop Edgar Blake of Detroit, of
the M. E. Church, born at Gorham,
Maine, 64 years ago.
TODAY’S HOROSCOPE
This person is too fond of sensa
tion and may become quite reckless
in the pursuit of pleasure. There is
indication of some success in early
life, but the latter days seem cloudy,
and there is danger that the mind
may become devoted to chasing futile
projects. Great care should be exer
cised to set the mind into a steady
groove, to avoid, so far as possible,
these adverse conditions.
Seek To Justify
State Sales Tax
(Continued rrom Page One.>
and the estimated collections from
the counties for the entire year are
being based on the average for the
first qquarter. But it has been ne
cessary to wait until the counties
fixed their various tax rates for the
coming year in order to compare
them with the tax rate last year and
thus determine the amount of tax re
duction in each county as compared
with last year. But most of the coun
ties have now fixed their tax rates
for next year, so that this list is about
completed. The removal of the for
mer state-wide property tax of 15
cents for school purposes is also be
ing takes into consideration, as well
3ft the removal of all county or dis
trict school taxes for the extended
term.
The result of the comparison of
these figures, according to some who
have seen them for some of the coun
ties, shows that the reduction in pro
perly taxes in many counties is
much greater than had been antici
pated. They also show that the re
venue from the sales tax has been
much less in many counties than was
expected and that as a result the sav
ings between the former property
taves and the taxes being paid un
der the sales tax, are much greater
than had been anticipated.
The only definite comparative fig
ures for any particular county now
known to the writer, are for Johnston
county, in which a weekly paper pub
lished there recently stated that the
county was now paying the sales tax
at the rate of $90,000 a year and get
ting only $42,000 a year in property
tax reduction. But the figures com
piled by the Sales Tax Division show
that sales tax collections in Johnston
county amounted to $9,657 for the
first three months, on the basis of
which the yearly total is estimated
at $40,000. On the other hand, a
comparison of the property tax levies
m Johnstort county shows that the
current levy for general county pur
poses is $98,000 less than last year,
while the removal of the 15 cents tars
for schools took off another $61,106
giving a total property tax reduction
°f $159,582* as compared with the
sales tax which will amount to about
>540,000 a year. This gives a net dif
ference of saving of $119,582 in pro
perty taxes, showing that the pro
perty owners of the county last year
paid $119,582 more in ad valorem
taxes than they will pay htis year in
sales taxes.
The figures are known approxi
mately for one other county—a small
county in the eastern part of the
s ate. The revenue from the sates
‘ tax in Uiat county for the first three
HENDERSON, («. C.) DAILY DISPATCH FRIDAY, DECEMBER 8, 1938
Heavy Taxes, Rate Cuts
Depress Utility Issues
Prospect of Government Competition Also In jury ing In
dustry; Increased Industrial Activity, However, Will
Help Earnings o f the Companies
BY ROGER W. BARSON,
Copyright. 1933, Publishers
Financial Bureau.
Babson Parle, Mass., Dec. 8. — The
past year has been a most difficult
one for public utility companies. While
industrials and rails are showing big
increases in net earnings, the income
of utilities, as a group, shows an 18
per cent decline. Again, many indus
trial and railroad stocks are holding
near their highs of 1933, while some
utilities have recently been making
new bear market lows. In view of this,
I should like to discuss the utility
situation.
Taxation the Principal Burden.
Utilities are suffering today primar
ily from increased tax levies. The va
rious governments—municipal, state,
and federal— sorely pressed for new
sources of revenue, singled out the
still solvent utility industry to bear
the burden. The federal three percent
gross tax on domestic and commer
cial lighting imposed on September 1
means a severe loss of revenue, es
pecially to thoes companies serving
residential communities. Following the
example of the federal government,
many states imposed sales taxes cary
ing from one per cent to six per cent
of gross. In turn, cities saw their
chance to increase their revenues by
placing additional real estate and oth
er taxes on electric and gas companies
The second depressing influence
has been the widespread agitation for
rat ereductions. The almost universal
charge has been that the power com
panies have maintained fixed rates
while raw material and labor costs
dropped sharply during the depres
sion. Yet the average charge per kil
watt hour for electricity shows a con
tinual reduction from 1912 to the pre
sent time, during which time com
modity prices enjoyed several booms.
'Since. .January, 1929 < electric rates
have dropped 17 per cent. This com
pares with a 22 per cent decline in
commodity prices since 1929. Hence,
the recend demands for rate reduc
tions in some sections have been out
of reason. Public officials should not
destroy the credit and efficiency of
our electric and gas companies, for
poor service rather than cheaper ser
vice is the inevitable result for the
consumer.
Few Friends in Administration.
The third unsettling factor is the
political aspect. The possibility of se
vere government competition troubles
me. Cities are being encouraged to es
tablish their own electric systems and
plans for Federal government power
projects are materializing. The funds
for these plants are being secured
from the Federal government. Thus
we find tax payers’ money being spent
to build plants which are to compete
with privately-owned companies from
which a substantial portion of these
same taxes arise. There is absolutely
no sense to waste funds in building
municipal plants when a perfectly sat
isfactory system is already in exis
tence. To date only four important
cities of the many voting have favor
ed municipal construction, but these
are four too many.
The fourth point which is worrying
the investor is the effect of inflation
on public service companies. Public
utility rates are semi-fixed —they can
not be changed without, permission of
public authorities. This means that a
kilowatt hour of electricity or a cubic
foot of gas cannot be advanced in
price like a bushel of wheat, a pound
of copper, or an automobile. In ad
dition, under inflation, operating costs
would increase somewhat. Accordingly
many investors feel that they would
rather transfer their capital to indus
trial companies whose profit possi
bilities in a period of sharply advanc
ing prices appear to be brighter.
What Are the Optimistic Factors.
All is not black —let us look at the
other side of the picture. First, if in
dustrial companies are going to do a
lot of business, utility companies are
sure to sell more power. Next, our
public utilities are more essential to
day than ever. The consumption of
electricity and natural gas continues
to grow. New uses are constantly be
ing discovered. Operating ability pre
dominates in the management of to
day rather than the financial juggling
ability of five years ago. Expansion
programs have been completed and
the financial condition of most com
panies has improved since 1929. Fur
thermore ,the business is a cash busi
ness with little trouble from compe
tition. If utilities were given a free
hand like industrial companies, their
outlook would be far brighter today
than in 1929.
I cannot believe that the building
of government plants to compete with
the already established private sys
tems will go far. I feel that eventually
the utilities of this country may be
publicly owned, but in order to maye
the transfer from private to public
ownership, we should follow some sane
course. Investors who have placed
their funds in power and light enter
prises should be given fair treatment.
We still have the Supreme Court
which will prevent the taking of pri
vate property for public use without
fair compensation. In this connection,
months has been approximately $3,-
000, indicating that a total of abou
i 512,000 a year can be expected from
the sales tax in that county. Yet the
reduction in property taxes in that
same county resulting from the re
moval of the 15 cents school tax and
other special school taxes, wul
amount to approximately $36,000, the
figures show, or a net saving of
about $24,000 a year.
In the counties in Which the larger
cities are locate dand which have
larger populations, the difference is
not expected to be so marked, of
course. But even in these, it is un
derstood, the figures show a very sat
isfactory comparison.
I urge utility security holders to make
absolutely sure that the franchises
under which their companies operate
are sound.
Congress May Dissolve Holding
Companies.
Honestly financed holding compan
ies, because of the diversification fea
ture, should offer better protection to
the security holder than operating
companies. The trend recently, how
ever, has favored the ownership of
the securities of operating companies.
Congress wants to change the utility
picture to some extent. It is possible
that holding companies will be dis
solved and their assets distributed to
their security owners. Consolidations
of companies serving adjacent terri
tories would then take place. This
would result in the swapping and ex
changing of securities of the operating
companies, although investors need
not suffer thereby.
What do these changes which are
taking place in the utility situation
mean? The consumer (both industrial
and domestic) will secure better ser
vice, cheaper electricity, and an in
centive to use more electrical appli
ances. The utility companies will find
that lower rates will surely promote
the output of electricity and develop
a kindlier feeling on the part of cus
tomers. The investor who has care
fully chosen his securities should not
be pessimistic. All in al lthe utility in
dustry is sound and progressive. I
want to emphasize, however, that se
lection of securities in this field is
more important today than ever.
Business, as registered by the Bab
sonchart, now registers seven per cent
above a year ago, and 33 per cent be
low normal.
Homeward Bound For The
Holidays After Long Tour
(Continued from Page One.)
Colonel and Mrs. Charles A. Lindbergh
passed over here at 10:04 a. m., Brazi
lian time (8:05 a. m., EST.) in a north
erly direction. The Lindberghs had
(been out of Natal about two hours.
HOF FOR MIAMI IN EARLY
MORNING HOUR FROM NATAL
Natal, Brazil, Dec. B—(AP8 —(AP) —Colonel
and Mrs. Charles A. Lindbergh hopped
for Miami, Fla., in their big red mono
plane today at 8:15 a. m.. local time.
6:15 a. m„ EST.
Plot Is Rumored For The
Ousting of Grau’s Regime
(Continued from Page One.)
motorists were slopped and question
ed by soldiers.
Much of the military preparations,
which included further moves toward
fortifying the palace was due to the
government desire to be ready for
any disorders in connection with the
inauguration at midnight of the new
“fifty percent law.”
This law provides that 50 percent,
of the employees in all commerce and
industry must be native Cubans. Some
Spanish mechants have threatened to
close shop rather than comply.
Stellar iCoaUm.
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Partners in many a reel romance,
Adolf Menjou, suave film hero, and
Veree Teasdale, are now partners
in a real one. Menjou, former hus
band of Katherine Carver, recently
announced he and Miss Teasdale
would stroll to the altar early in
the near year. They’re shown as
they attended Hollywood premiere.
(Central Preaa)
ADMINISTRATOR’S NOTICE.
I hereby give notice that I have
qualified as Administrator of the Es
tate of C. H. Parham.
All persons holding claims against
said Estate will present them to me
properly verified within one (1) year
from date of this Notice, or same will
be pleaded in bar of recovery.
All persons indebted to said Estate
will please make immediate settle
ment.
This the 28th day of November* 1933
THOMAS B. PARHAM,
Administrator.
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ACROSS
I — Part of the neck
ft —The locust tree
I,o—Hew 14—One who employs
16—Century plant
Is—Pelt ’l7—Almost
18— Post of a staircase
19— Confess
20 — Mussulman of the proselyting
period ~
22 —l ists of names
24—Examinations 26 —Humor
27 To obscure 30—A planet
22—Strained S 3 Injured
28 — A beverage
40 —Wheel tracks ? 41—Sum
42—Nuns 45—Kind of rodent.
46 —Hastened from
48—Nothing - 49 —Pure
61 —Having become wild after a
state of domestication
53—For 55—Mohammedan ruler
56 —Intervening
58 —Take away by violence (arch.)
60—Charged With gas
64—Penetrated 68—Spruce
69—Laid with stone .
71 — The inner part
72 Formerly 73—Threefold
74—Otherwise 75 —Reward
76 Courses at a race
77 A (read
DOWN
I—Sister* 2 —Afloat
3 FrUit
4 Error in writing
5 Reeds 6—Salesmen
7—crude B—Ended
9—Beheath ie—Gab
ll swarm of bees
12—Smelt 13—Church seats
21— Gives Utt St—Remain
New Low Bus Rates
Raleigh $.90 Durham SI.OO
Goldsboro LTS Greensboro 1.95
Wilmington 3.75 Charlotte 4.40
Columbia 4.20 Atlanta 8.45
Augusta 5.75 Richmond 2.40
Charleston 5.55 Washington 4.20
(Jacksonville 8.90 New York 7.85
Miami 13.90 Boston 10.85
Round Trif> Double Less 10 Per Cent
East Coast Stage
Union Bus Station
Phono 18
Inaugurating the Season in Louisiana
25 —More subtle (obs. var.)
27 —Banter 28—Large spoon
29—Method 31—Born
33 Tend, nourish
34 Condition
35 — Chemical compound
37 —Clamor
39—Part of a circle
43 Small draught
44 Narrow escape
47 —Impaired
50 —Punishes by fine
52—Illuminated
64 — To be penitent
57—Profundity
59 — Assistants
60— Anything very small
61 — Sea bird
62 Cereal plant 63—Defy
65 Young horse
66 Gaelic 67—Profound
70—By way of
Answer to previous puzzle
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BJftli IhfehnpilslfySfTls
NOTICE.
Application will be made to the Gov
ernor of North Carolina for a parole
for Hill Ellington, who was tried by
the Recorder, on September Bth, 1933,
and was sentenced to the roads fori
six months in each case for haviiyi
liquor in his possession and carryi? I
a concealed weapon. All who oppo* 1
same will notify the Governor, at 1
once. This the Ist day of Deoemlm
1933.
HILL ELLINGTON
NOTICE OF SALE OF REAL
Under and by virtue of authority
contained in a certain deed of trust
executed and delivered by Robert
Person, dated March 18, 1930, arid duly
recorded in Register’s Office of Vance
County, N, C., in Book 162, page 1932
132, to R. S. McCoiu, Trustee, and
judgment of record in book 16G, page
261, Register’s Office of Vance County,
N. C., substituting Al. B. Wester,
Trustee, in lieu of R. S. McCoin, de
fault having been made in jhe pay
ments therein secured, and at the re
quest of the holder of same, the un
dersigned will sell, at the Court House
Door in Henderson, Vance County, N
C., so the highest bidder for ca=h at
12:00 o’clock, M-, on Monday, the. 18th
day of December, 1933, the following
described real estate, to-wit:
Begin at the Northeast corner of
Block 8, of the 1, J. Young Leaman
plof, recorded in book 65, page 602.
Vance Registry, corner of Gdl Street
and Center Street, and run thence $
2 degrees 40’ E 125 ft. along Gili St
to a stake, corner of lot No. 20 in
said block; thence S. 8? degrees 40
W. 80 ft. along the lines of lots No=
20 and 19 in the said plot; thence, N,
2 degrees 40’ W. 120 ft., parallel tfl
Gill Sf., to a stake on Center St.;
thence along Center St. N. 87 de
grees 20’ E 80 ft. to the place of be
ginning, being lots Nos. 9 and 10
in block 8, as described above. See
deed from Geo. Burwell and wife to
R. D. Skeins, and deed from R. D
Skeins and wife to Henderson Loan
and Real Estate Co., and from Hen
derson Loan and Real Estafe Co to
Robert Person
This 16th day of November, 1933.
AL. E. WESTER. Trustee
NOTICE OF SALE OF REAL
ESTATE.
Under and by virtue of authority
contained in a certain deed of true
executed and delivered by T. S. Her
derson and wife, Martha Henderson
dated January 14, 1924 and duly re
corded in Register’s Office of Vane
County, N. C., in book 117, page 403.
and in Register’s Office of Warrel
County, N. C., in book 110, page 28.
to R. S. McCoin, Trustee, and judg
ment of record in book 166. page 20
Vance County, N. C., and book 135-
page 564, Warren County, N. C., sub
stituting Al. B. Wester, Trustee
lieu of R. S. McCoin, default havitf
been made in the payment of dt
secured, and upon request of the ho
er thereof, the undersigned will ofr
for sale at the Court House door •
Vance County, N. C., at public art'
tion for cash, to the highest b ld r "
at 12:00 o’clock M., on Monday.
18th day of December, 1933, the fol
lowing described real estate, t p _w,l . n
A tract of land lying and being-
Sandy Creek Township, in the Count
of Vance and the County of Warrj
adjoining the lands of T. P. Row
J. W. Hicks, and others, and bound
as follows: .
As parcel No. 2, on plot and * uT .
of R. D. Paschall, containing 80 acr
beginning at a stone, a corner 0 t
heirs of Nancy A. Hicks in T.
Rowland's line, and running * *
West 19 chains and 55 links to a sw
a corner of Sally Vanlanding ’
thence South 41 chains and 20 w
to a stone in the path, R. W.
ney’s line-; thence a * on l> H earl \
line S. 88 1-2 E. 19 chains an a
links to a stone, corner of tot ‘
thence North 41 chains and 6
to the beginning. iq <#
This the 16th day of November, -
AL. B. WESTER, Trust**