OCR Interpretation


Henderson daily dispatch. (Henderson, N.C.) 1914-1995, December 30, 1935, Image 2

Image and text provided by University of North Carolina at Chapel Hill Library, Chapel Hill, NC

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn91068401/1935-12-30/ed-1/seq-2/

What is OCR?


Thumbnail for PAGE TWO

PAGE TWO
NEWS PARADE OF 1935 IN PHOTOGRAPHS No. 4 April
captured in Ft. Worth. Later bra! hemorrhage during visit _ i h-nl.. , Hark!/ t! H n!!|
he was''tried for slaying a " 1 to old homo in Chattanooga, General Hermann Goering, Prussian premier and German Reich* guilty and s.-ntoncod to Im
prison guard, was found guilty LIS Tenn., where he minister of air.--wc-ds Emmy Sonnemann, German stage star, in r imprisonment
| and died in the electric chair, also, the Chattanooga Times. Berlin with Reichsfuehrer Adolf Hitler acting as best man.
$10,293 PAID HERE
IN COTTON PARITY
Last of Christmas Checks to
Growers Is Being Distrib
uted Now.
The last of 1.366 cotton parity
checks for farmers in Vance county
who are under contract to r the govern
ment on AAA agreements are being
paid by J. W. Sanders, county agent
and director of AAA crop control
work in this county, he said today.
The total amount involved in the
checks was 510.293.29.
Payment was started on December
21, and the money came in conveni
ently to growers for Christmas shop
ping and debt obligation purposes.
Most of the payments were delivered
to contracting farmers prior to Christ
tnas, and the few remaining are now
being distributed.
TRUCK DEMOLISHED
AT CROSSING HERE
G. A. Deake Truck Stalled in
Snow And Passenger
Train Crashes Into It.
A Chevrolet truck belonging to G. !
A. Daeke was demolished Inst night
about 10:30 o’clock at Taylor’s fac
tory crossing, Chavasse avenue and
William street, when the Seaboard
Air Line Railway passenger train No.
192 struck it as it was stalled in the
snow at the crossing.
The truck was being driven by
Robert Faulkner of South Henderson.
It was understood from gnragomen
that the truck had been stalled on the
tracks for 30 minutes before it was
ntruck by the train. The crash dam
aged the pilot of the engine, and it
had to ibe removed here.
Daeke and Faulkner were attempt
ing to push the vehicle from the
tracks at the time of the smash, ac
cording to garagemen, who towed the
wreck into the city about midnight.
|M ARYLAND
H X /fra r?//a nr/ j
GOOD
—— _ | - - - l>T . m '' 1 1 A WII
W<* Are In A Position To Purchase
300 Shares
(Or Any Part Thereof)
Rose s 5- 10-25e Stores
COMMON STOCK
WEINGARTEN & COMPANY
Members:
New York Stock Exchange Chicago Board of Trade
New York Curb Exchange (Assoc.) Commodity Exchange, Tnc.
29 Broadway New York, N. Y.
•< --F • ’c v *> *T • j~ . .
New Social Security Act
Explanation of Act Effective -January 1
This is the fourth of six articles
explaining the new federal social
M*eurit.v act, which will go into ef
fect January 1.
Written for Central Press
and Daily Dispatch.
By DALE COX
Financial Writer of Cleveland
Plain Dealer
■ j IT IS estimated that around 25.000.-
000 employes will qualify at the outset
j for the old age pension plan of the
i Social Security act. In 1937 these 25,-
000,000 employes and their employers
| will pay into the federal treasury a
-1 round $500,000,000 in taxes. By 1919
they will be paying three times that
| amount, or $1,500,000. assuming as
1 many employes art tnen paying un
j der the act.
i Naturally, many administrative pro-
I blems come to mind. It is provided in
i the act that wages do not necessarily
j mean money wages. Other means of
payment, such as grocery orders, fac
tory. houses or payment in the stock
I°f the company, are to count as
' wages for purposes of the act, and
i someone must appraise the value of
| these wages in terms of money.
An elaborate and complicated ar
; rangement is provided in case an cm
! ploye dies while contributing toward
| an old age annunity and before lie
' reaches 65. In tHJit case his estate is
paid a percentage of the total wage
; he has been paid from the time he
began making old age pension con-
I tributions up until the time of his
I death.
Forces Retirement at 65
j The act is deliberately framed io
| force the retirement of all workers at
’ the age of 65. If a man reaches 65
and continues to work, under the act
he loses one month of the pension
due him for each month he continues i
working after reaching 65.
Naturally, as the years go by, an
enormous sum will be assembeld un
der this act from the contributions
of employes and employers. The size
of the sum, of course, depends upon
many uncertain factors. But it has
been estimated that the sum, known
as he Old Age Reserve Account, will
be from $50,000,000,000 to SBO,OOO
-by 1980, assuming, of course,
that the act is not repealed or chang
ed for something else before that,
time. The act requires that the treas
ury invest all the reserve funds of I
this amount in interest bearing ob
ligations of the United States on
terms yielding not less than 3 p Pr
cent per annum.
; Investment Difficult
Inasmuch the total national
debt of the nation is now around $30,-
000,000,000, it can be seen how diffi
cult it will be to invest $50,000,000,-
000 or more in government bonds by
1980. The fund might? De large enough
to swallow all the obligations of the
government. In that case, the reserve
fund would be nothing more than the
financial stability of the government
itself. Financial men declare that the
very existence of the huge reserve
fund, greater than all the reserve
funds of the private insurence com
panies, would be one of the greatest
financial dangers the nation ever
faced.
This old age pension feature of the
Social Security act is federal con
trolled. All collection of the tax win
HENDERSON, <N. C.) DAILY DISPATCH, MONDAY, DECEMBER 30, 1935
Twenty-five million employes will
qualify at the outset for the old
age pension plan of th*- Social
Security Act. In the year of
1937 these 25,000,000 and their
employers will pay into the fed
eral treasury approximately
$500,000,000 in taxes. In 1949
that figure will reach $1,500,000,-
000; in 1980. $50,000.000 000

I
IF A MAN DIES,
WHO GETS PENSION?
This and other important ques- :
tions are answered in today’s ar
ticle on the new U. S. Social Se
curity act, which will go into ef
fect January 1.
, be made by federal employes. All rec
j ord-keoping wil be done in Washing- j
; ton. All payments and disbusals to l
i beneficiaries will be made from a!
central bureau at Washington.
Thousands of Employes Needed !
When it is considered that pay-'
j ments will be made under the act by j
I 25.000,000 different individuals, and I
i by tens of thousands of employers,
( it may be seen how many thousands
j of employes it will require in Wash-'
ington to administer the machinery)
of the old age pension section of the
act. Assuming that one federal cm- -
j ploye could take care of a ll the rec
| ords necessary for 1.000 employes tin- j
der the act—probably too high a fig
ure—it would require 25,000 addition-I
al federal employes in Washington to
administer the old age pension sec
tion alone. It looks as if the trek of;
workers to the nation’s capital had
only started.
i So much for the old age pension
section of the Social. Security ’ act. I
Next: Unemployment Insurance.
Germany Is Sought
For New Union
(Continued rrnm Page One.)
i -
in the House of Commons were in
terested as the end of independent j
negotiations with the Reich.
' (The German press greeted Pre- i
• mier Laval’s declaration urging Fran- j
1 | co-German understanding with long-'
thy comment, but newspapers seemed
skeptical that it would “stand test
ing.” The Reich press pointed out
that Laval wanted to make friends j
with Germany and Russia simultan
eously, and held this to be contradic
tory. asserting that Franco-Russian
friendship would be against' Ger-,
many.)
References were made in the semi-j
official Temps to recent visits by!
British mAbassador Sir Eric Phipps
to Adolf Hitler and other Berlin of
ficials as attempts to confirm Brit
ish apprehension over growing Ger
man armaments.
The newspaper said the British am-!
bassador told the Nazi government no
further agreements would be made)
v/iHi Germany except on terms of col
lective security.
There is no waste so great as the
waste of the powers and gifts of the!
human beings who make up the na-1
tion. J
Lewis Stone and Dick Powell in “Shipmates
“Forever’*—Stevenson Thurs., Fri., and Sat.
HL JBHkH
||r g||
BP' •*
msm |
. ih
11
vj
If
DRUNKEN DRIVERS
IGNORANT OF LOSS
Many of Them Don’t Know
Their Licenses Have Been
Withdrawn.
Daily Dispatch Itmeaii,
In Tin* Sir \V:tlD*r IIIID*.,
ity .1. »■ in ski;i{ \ n.r,
.Raleigh. Dec. 30.—Many of those
who have been arrested and convict
ed of drunken driving do not know
yet that they, have lost their driver’s
licenses and the right to drive a car
for. a period of one year, due to the
fact that many of the judges over
he State apparently do not yet know
that Die new drivers’ license law
makes the revocation of drivers’ li
1935 Sports Review By Jack Sords
No. I—'April
A/AKOCWS CuiMCUEP
i
■ 1 —— i&L 'VN
vjom nxe augusta I
• MMtOHAL <7PE-M
<&CIP T'cilGAiAwe-NT |
varstrvceew two-Firm? op
ASECOtiO A Three-miiC RACE at Oakland cal.. -- ; mi)*»
APR. 13
PeFEArep uarva«o ai cA«ecto6e mass, •-%* '*
j I - AfgT7
Cepyright, 1935. by Central Prew AMation tnc,
censes for one year mandatory in all
convictions, regardless of the fine or
sentence imposed by the court. But
those drivers who have not yet read
their own names in the newspapers
will find out about, it when a patrol
man calls to ask him to surrender his
license, it was pointed out today by
Director Arthur Fhlk. of the Division J
of Highway Safety.
The reason a good many drivers do i
not yet realize that their driving per- j
units have been revoked for one year
is that when convicted in court they
were only fined, or in some cases let
off with a suspended sentence and
the payment of the costs, with noth
ing said about the revocation of their
licenses, it was pointed out. As a re
sult. some of those convicted of
drunken driving and let off with fines
think they can still drive their cars.
But this is not the case.
For a record of every conviction,
together with the penalty imposed, is
transmitted by the clerks of the va
rious courts to the highway safety
division of the E>cparlment of Rev-
enue. There each report is checked to
see if the person convicted has al- i
ready obtained a driver’s license or j
made application for one. If so, the j
license is immediately revoked for |
cue year. .And if the driving permit j
was not surrendered by the convicted |
driver at the time of conviction and
sent here with the record of his con
viction, a highway patrolmen will be
sent to call on the driver and request!
him to surrender it. These drivers
will also be told that under the new
law, if they the caught driving a car
during the period of suspension they
will be subject to further prosecution
and that their licenses will automa
tically be suspended for another year.
The penalty for any person convicted
of driving a car whose license has
been revoked is not more than six
months in jail and a fine of not more j
than SSOO.
The highway safety division has in
its files, for instance, the record of
it prominent man who was arrested
for drunken driving and when con
victed was given a sentence of only
three hours in jail and the costs, with
nothing said about revocation of his
driver’s license. But the division has |
revoked the driving permit of this
driver for a year, since it has no other]
choice but to carry out the law as j
enacted by the General Assembly. j
in another locality a prominent i
man was arrested for drunken driv- i
ing and given a very light sentence, j
Since he has found out that his driv
ing license has been revoked for one
year, he and many of his friends have
been bus.\ writing letters to the Dc
„ -niTiiTn.^.,.'T-n.-,ri . m 'Mr- i , i i „
HOS.M- l
r-AW cfml
C?v6»vAT
i
i.; **' i; ’.'
tfiu/ian
Queen Wj£M.
STRAIGHT CORN
f.'i;., C-..* Xt.mw,«,
partment of Revenue here in an ef
fort to get his license reinstated,
largely on the grounds that the judge
who imposed sentence did not say
anything about revoking his livens.-.
But these letters are not having any
effect here, where the licenses of
those convicted of drunken driving
are being revoked without feat or fa
vor and without regard to the local
prominence of those convicted.
In seme cases, judges are still re
voking drivers’ licenses for periods of
30 days and for fractional parts of a
year, evidently not yet aware that the
1935 drivers’ license law makes the
revocation of driving permit's man
datory for one year and that they
cannot reduce this period, it was ad
mitted. But most o*' the judges are
becoming more and more ' familiar
with the new law and informing tho. -
who are convicted of the law and
taking up their driving permits at tin
time of their conviction. FulK said.
Some c-f them, however stilt seen, to
resent the fact that tho 1935 general
assembly took away their discretion
in the matter cf revoking licenses, al
though they still have discretion n,
fixing the size of fines or terms of
imprisonment, if an \.
Blizzard Covers
Middle Atlantic,
And 16 Are Dead
(Cont inued it out j-vige One V
railroad and bus service was, ii.ou,
ered by heavy winds and .mo
bined with falling temperatures.
The death of five persons in tin
southeast, six in Oklahoma, on. in
New York and four n iml i
were attributed to the storm.
The fountain pen industry is said t<>
have first started in Hcidleberg. f.<
many.
Beware Coughs
from common colds
That Hang On
No matter how many medicines ..oil
have* tried for your cough, chest old
or bronchial irritation, you can get re
lief now with Creotnulsion. serious
trouble may be brewing and you can
not afford to take a chance with an}*
thing less than Crcomulsion, whan
goes right to the seat of the trouoie
to aid nature to soothe and heal u
inflamed membranes as the germ-iaci
phlegm is loosened and expelled.
Even if other remedies have laneo,
don’t be discouraged, your druggnxun
authorized to guarantee Crconnu-ion
and to refund your money if you arc no
satisfied with results from the vcryiuu
bottle. Get Crcomulsion right now. (Am ■)

xml | txt