Henderson daily dispatch., July 01, 1940, Page 3, Image 3

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

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

                
Industry At
Rapid Pace
War Demands and
National Defense May
p u s H Activity Tc
Highest Since 1929.
) i; \\K MaeMii.i.KX
V- . t.tlrti l'rt's> Fiiiattrial Writer
Y> . .! Iy I.—American bus
tin halfway mark of
.it<Ty wiuvls spinning
•< t tasonal rate in throe
. . :u; prospects that war de
- . r'«i domestic rearmament
>ii activit\ to the high
, ,n> since t
! \ : • »>pean war has iominated
■ uess seen** si nee hostilities
■. t in September, but the
recent successes «»t the
!;,-ieg have made it an ever
,i-•:• U !- ctor in the calculations
:;e>s men and investors, as
es >>t the nation were turned
v the I'nited States a tor
e Hilary power.
nd -trialists and speculators
t>< havo called the turn of
precisely in the business
as a result of the struggle,
i the tirst haff of 1040 was
• !• a readjustment to the fact
K.ri-pt'an purchases of war
t - did not come so :'ast or in
volume as had been ex
Jen Million i.osi
was reflected in the ninve
.•t the stock market, which
•. d a peak in its first reaction
war late in October. then
t vi sidewise and. later, down-i
ro a bottom early hi June.
• ti:e t irst impact o! the total
the market, with the inva
the Low Countries, prices
••od i:1. ore of the n o<t severe
ove-uents in the i istory of
>treet. Total quoted value of j
i s listed on the Now York
exchange lost more than SIO.
k),(hh) in less than two weeks,
•vis ncl unlisted securities
v billions more.
.V ; ted Press average of
declined ->> per cent in
•i 111 trading days, before
. steadied.
of industrial activity
lowed a roughly similar
Mnnv lines r»; activity had
>peoiicd in autumn on the
v that Allied buying here
be on the scale of 1916. al
t took the collapse of France. I
• t :id • n nine months ot war. to
Hritish purchases to their
. loreign business coincided
•:• e rush to rearm America, and;
. v industry its greatest push
e • The aircraft and steel
• ,,f the nation were whirring
• »r near capacity as the halt
on;.".e to a close, and motorcar |
t- were booming in unusual l
•••ice to the normal summer!
n-trend.
- ,eti\ :tv appeared to be spread-1
• ivdlv to other lines of business
■ >eo-nd half of the year began,
trade seemed to be catching
*h the ri;.-h in factories, after
::p.g lag.
• • observers felt that still fur
orovement lay ahead, though
.niiv/ing the disruption of;
v • .r*r:.i channels of trade as a|
• ..f the war. The rearmament
v - expected, for the time
g. to take up most of the slack
•■v the loss of customary for
:'iarkets.
■ bureau of agricultural eco
c- in Washington said:
the European war continues
* seems "airly certain that
.-trial activitv during the last
<>f 1040 will be higher than
Vg -he first half."
trend of share prices ap
■f.r; to lend weight to this point
:> :ssiired by the Associated Press
nge. the market reached its
•c-t in tv.-o years, at 37.0. on June
r.>i had become fairly ob
that the French defense was
i n s.
urse from then on was gen
'!v upward, a? investors and
■ rs apoeared more and more
" *cd in tho effects on business
' any billions of dollars the
vernment was planning to
nto it? arms effort.
production of automobiles
ovement of freight by the
ilroads likewise were the
• ,!nce 1037.
»rli:y markets swung with
tide in much the same way
• v There was an autumn
!>oonlntors and industrial
• f-rs » i i h^d to buy. But when
" ppnrent that the conflict
?fing a slow start, prices
even Mm
1 <)I).\V AND TOMORROW
i FHE LAUGH ROUND-UP
OF THE AIRWAYS J
1 HITS THE SCREEN *8
WITH A HOWL! i
: YOU LL OIE LAUGHING 1
■»*»«*» JACK. tKr 8uckaroo,
! K., RADIO RIOT Itaq.
. . RODEO RUMPUS!
"it Sportlight—War News
Hungarian Troops—Moving on Rumania
Taking advantage of Rumania's hostilities with Russia, Hungarian troops marched on the hard-pressed
Balkan state, apparently in an effort to regain the Transylvanian territory taken from Austria-Hungary
in the World War. A Hungarian anti-aircraft gun which can also be used against tanks is shown in
aciiou. The uniforms and helmets of these men closely resemble those of Nazi soldiers.
I quickly subsided, though to levels a
i little better than at the outbreak ot
Duke University School of
Religion Professor Speak
er at Opening
Oxford. July 1.—Granville Coun
ty's Centennial celebration of the
court house was opened Sunday aft
ernoon with a community vesper j
service at the outdoor theatre on the |
Oxford High School athletic field ;
with Dr. Kenneth Clark of the School j
of Religion of Duke University as >
guest speaker. The serv ice was pre- :
sided over by Rev. M. L. Bannister.'
pastor of the Oxford Baptist Church'
and the singing was led by Mutt j
Richardson of Lexington.
Dr. Clark spoke on the Oxford j
merchants' slogan. "A Century of
Values." He prefaced his remarks j
by comparing the present business
establishments, life, schools, churches j
and other enterprises with the man
ner in which they operated 100 years i
ago, showing the century of values.1
He described the "pageantry of the
century." and pointed out that it was
challenge of life and its highest value.
The Service
The services began with the sing
ing of "Come Thou Almighty King"
and "America." The scripture les-j
son was read by Rev. J. M. Mc-,
Chesnev. pastor of the Oxford Pres- 1
byterian Church. The large crowd
sang "Love Divine. All Love Excell
ing." and the speaker was introduced
Rev. Mr. Mannister. Rev. C. A.
Cole, rector of St. Stephens Episco
pal Church, pronounced the bene-'
diction.
All churches in Oxford held a1
"home-coming" serv ice Sunday j
morning at the regular morning
hour.
No program was planned for today
in connection with the celebration.'
but on Tuesday, field day exercises (
at Oxford Tobacco Experiment Sta
tion will be held in conjunction with
the celebration.
That night at 8 o'clock, the initial
preparation of the pageant. "Gran
ville County Through the Years. ;
will be given. Prior io the ipeningj
of the pageant. Governor Clyde R.
Hoey will crown Miss Caroline
Hight as queen of the centennial ;<nd
Miss Virginia Harris as "Miss Co
lumbia" ot the centennial.
I
'Lost Colony' In I
Magazine Article'
Manteo. July 1.—The Readers* Di
gest, popular monthly magazine!
which publishes condensations of
articles of lasting interest, features
a story on "The Lost Colony," the
Paul Green historical drama now
playing its fourth summer season at
the huge Waterside Theatre here, in
its series entitled, ''Traditional Cere
monies in the United States."
Condensed from the leading
article in the June issue of "Hol
land's: The Magazine of the South."
the material reprinted in The Read
ers Digest concerns the historical
development of "The Lost Colony"
as a community celebration of the
historic events on the very site of
the original colony sent over by Sir
Walter Raleigh in 1857.
"The Lost Colony" is a non-com
mercial venture sponsored by the
Roanoke Island Historical Associa
tion. Paul Green, noted native
Pulitzer Prize dramatist, wrote the
drama gratis and solely for presenta
tion by the natives of Roanoke Is
land as a sort of epic drama at the
birthplace of the Nation. More than
250.000 have seen it during the past
three years, and 100,000 are ex
pected before the season closes
Sept. 2.
GRASSLAND MEET TO
BE HELD IN GEORGIA
College Station. Raleigh. July 1.
— Dr. I. O. Schaub, dean ol
agriculture at N. C. State College
announced today that a Regional
grassland conference will be held al
the Georgia Coastal Plain Experi
ment Station at Tifton, Ga., on Julj
25 and 2fi. The Association of South
ern Agricultural Workers, of which
Dr. SchMiib is president, is sponsor
ing the%>nference.
Hope is as cheap as despair.
Painting is an old art in Mexico
before the days or Columbus th<
Indians painted their history on tin
temple walls and on parchment.
Yankee Dollars To Play Big
Role In Pan-American Policy
By CHARLES F. -STEWART
Central Press Columnist
Washington, July 1.—The huge
Pan-American commercial organiza
tion that the Washington adminis
tration is incubating, primarily is
State Secretary Cordell Hull's idea,
and it promises to
clo more toward
welding the New
World countries to
gether than all the
political propagan
dizing ever dream
ed of by Europe's
totaliarian govern
ments.
As recently sug
gested by Presi
dent Getulio Var
gas of Brazil, dic
tatorial methods
_ . may Have a cer
Gctulio Vargas t.,jn appca] to ]jm„
itod-sized groups of Pan-American
folk whose notion is to do the dic
tating generally very much to their
advantage.
Rut essentially what the bulk of
Xow Worldings want is to be pros
porous. They can see that their only
way of accomplishing it is through
the development of their own re
sources. Heaven knows that they
have enough of them to develop.
Their surface barely has been
scratched. Theyre about where our
North American resources were a
couple of hundred years after Co
lumbus discovered us. We had quite
a boom period for a good many gen
orations after that. Latin America
is due to start on a similar era of
growth in population and riches as
soon as it can get its development
processes fairly a-going.
To get 'em going, however, involes
tremendous investments of capital.
But those investments can only come
from abroad—just as it took Euro
pean capital to initiate development
of our resources here in the United
States, in the first place.
Right From the Jump
Getting up some impetus was com
paratively slow work for us in our
own early days.
Latin America is fixed to get away
right from the jump the minute the
capital's available.
Lot me illustrate:
Twenty years ago. when I was ]
visiting Para, at the mouth of the |
Amazon, that city was thriving like ,
a mushroom as an export outlet for j
rubber, from up toward the head- 1
waters of the big river. There was no
question that the rubber was there.
The supply of it was recognized, the
world over, as inexhaustible. For
some reason or other the market
ceased buying upper-Amazon rubber.
I think maybe facilities were inad
equate to boat it downstream. Any
way, the story now is that there's
no raw rubber on earth except from
the Dutch East Indies. No such thing! j
The upper Amazon has limitless |
forests of it. All that's needed is to t
collect it. and maybe some craft to j
bring it to tidewater.
In other words, capital's required.
There's plenty of additional raw
I stuff that Latin America has to of
|fer. at tremendous profits—if it's de
iveloped.
But where's the capital to come
from?
Germany hasn't got any. Neither
has Italy. Or Russia. Britain and
France haven't, either. It's got to |
come from the United States, if from
anywhere.
Secretary Hull's $1,000,000,000
corporation is mentioned as poten
tially ready to put up the money.
It's described as intended to be a
"trading company," but its object,
jit's explained, is to enable the Ameri
|cas to market their products—which
[involves the financing of their pro
COOL
10c and 20c
TODAY
Edith Fellows,
Dorothy Peterson—in
"Five Little Peppers at
Home''
Novelties
| Tomorrow 10c and 15c
j Jack Randall—in
'! | "Covered Wagon Trails"
duct ion.
A Perfect Bonanza
This taxing of Secretary Hull's is
a propositi of a pcrfcet bonanza to
! Latin America.
| What's Herr Hitler got to offer
as an alternative?
Nothing but sonic sort of a doubt
ful barter agreement—nothing in
! line of magnificent local develop
! ment.
Maybe a few dictatorial addicts,
, like Getulio Vargas, prefer totali
tarianism, but Latin-American busi
nessmen aren't likely to fall for it.
They want a $1,000.000.000 boom,
backed by the United States—not a
little one-horse swapping-of-goods
dicker, which is the best they can
get out of Herr Hitler or Signor Mus
solini.
Germany and Italy have some
colonies of their own countrymen in
Latin America, to be sure. On sen
timental grounds possibly a few of
these colonists will incline a bit Na/.i
istically or Fascist-ically. But it will
take a lot of sympathy of that sort
to offset the substantial benefits em
bodied in Secretary Hull's Pan
American scheme.
In short. Secretary Hull's plan
isn't based on any sort of interna
tional political preferences. He gam
bles on a general recognition of mu
tual self-interest. It may prove a
good deal more cogent than any son
jsideration that Herr Hitler or Signor
Mussolini can think up.
Wife Preservers
Equipping the side and back lawns with
outdoor games and amusements isi thebest
way X* keep children at home in the sum
PORTANT NOTICE
To Our Patrons
The United States Government has enacted a
tax law which includes theatres and is known as a
"DEFENSE TAX."
All theatres are required and compelled to add
this tax to each and every ticket above 20c.
Therefore, starting July 1, 1040 and until fur
ther notice, Henderson theatre tickets will read as
follows:
MATINEE
Admission 25c
Federal Tax 3c
SWeTax__ lc
Total .... 29c
STEVENSON
THEATRE
EVENING
Admission 35c
Federal Tax 4c
State Tax lc
Total _ 40c
Embassy Theatre
ALL PERFORMANCES
Admission 30c
Federal Tax 3c
State Tax lc
Total
State Theatre
ALL PERFORMANCES
Admission Reduced to 20c (No Tax)
Children at all theatres 10c (No tax)
Philadelphia Figures Dele
gates Ate 90,000 Hot Dogs
and Drank 140,000 Pops
Philadelphia. July 1.—(AP)—Phil-j
adelphia businessmen glanced hap
pily over preliminary figures and
ventured a guess today that visitors J
to the Republican National Conven
tion spent $12,000,001). ato 90.000 hot.
dogs and drank 140.000 bottle of soda
i i)op- * -i
Complete figures were not avail-1
able but George Elliott, general sec-;
' rotary of the Chamber of Commerce,
asserted business was "fully up to ex
ixctalions." Earlier he had announc
ed Philadelphia should realize 812,-.
000,000 Iroin its second political con-'
vention in four years.
Chief beneficiaries were central j
city hotels and restaurants, jammed
during the five-day conclave. Said |
Daniel G. Crawford, president of the:
i Philadelphia Hotelmen's Association:
"Every member of the association ■
I have contacted reported capacity
business for each day of the conven-1
tion. Many hotels also enjoyed splen
did business the preceding week due
to many individuals who were as
sociated with the convention set-up,
the press and the wire technicians.
•The consensus among the hotel
men is that the convention was the
most successful in the history of the
Philadelphia hotel business."
Restaurants in the heart of the
city "did very well," said J. Fred
Vollmer, president of the Philadel
phia Restaurant Association, "han
dling 15 per cent more business than
they did at the Democratic conven
tion of 1936." .
Telegraph companies reported
newspaper reporters sent 2.500.000
! words describing the convention; a
taxieab company official estimated
15.000 calls daily were handled in
the convention hall vicinity: and the
new municipal airport—opened only
a few hours before the rush began
—reported (500 passengers handled in
outward-bound flights on Friday
alone.
Beside the hot dogs and pop, con
vention concessionaires said they sold
30.000 cups of coffee, 20.000 meals,
108.000 packages of cigarettes, and |
16,250 cigars.
Graham Warns Of
Sixth Columnists
Raleigh, July 1.—(AP)—Dr. Frank
P Graham, president of the Univer-J
sity of North Carolina, said last night <
that "in the fear and hysteria oi (
guarding against fifth columnists we ]
are putting ourselves in a position (
to be struck down by sixth colum- ^
iiists—men who would take our civil j
liberties away." . <
Speaking at a vesper service he-e, .
Dr Graham declared that Americans
should make their country "worth
defending in times of national o.e
fense measures."
<%In connection with 1 ifth colum
nists, let's not get hysterical." he con
tinued "I believe in national defense,
but I also believe in making Ameri
can democracy worth defending.
"Impelfeet democracies oiler much
better chances for pea or -iiian the
most perfect dictatorships. And so
we in America have two great strug
gles in our fight for peace—we must
protect our civil liberties and keep
free to struggle for freedom.
Most "ancient scarabs" sold today
in Egypt are made of plaster in mod
ern factories.
America Begins Paying
For National Defense
Washington, July 1. —(AP)—Mr. •
and Mrs. American Consumer get
their first taste of the new defense
taxes today.
With the midnight arrival of July
1, higher levies went into effect on
future manufactures of a score of
products, and "floor taxes," expect-1
ed to affect the retail price, are ef— |
fective on cigarettes, beer and liquor.
The floor taxes, applied to stocks
already on hand, are one-half cent |
a package on cigarettes, 75 cents a |
gallon on liquor, and SI a barrel onj
beer. I
Man of Near Louisburg Giv-1
en Slight Chance to Re
cover—Two Jailed
Warrenton, July 1.—George InscoeI
of near Louisburg was in u Rocky
Mount hospital with a t'ractuped skull I
and other undetermined injuries and I
Zelma Britts of Franklinton was in |
Warren county jail charged, with j
reckless driving and damage to per- |
sons as a result of a wreck one mile •
east of here at noon Sunday.
P. B. Wilson ol Louisburg, driver
of the car in which Miss Britts was
riding, was under bond of S500 on the
same charges. The car driven by Wil
son, in which Miss Britts and Inscoe
were riding collided with u car driven
by H. E. Harris of Henderson.
Cars Badly Damaged.
Both cars were badly damaged.
Miss Britts received slight injuries.
Harris and Wilson were not injured.
Inscoe was given only a slight chance
of recovery. It was first believed that
he had a broken neck, and he was
taken from the office of a local phy
sician to a hospital in Rocky Mount,
tvhere he remained in an unconscious
condition.
According to Warren county Sher
iff W. J. Pinnell, the Wilson car was .
attempting to pass the car driven by'
Harris when the accident occurred.;
Sheriff Pinnell said that Miss Britts,
grabbed the wheel of the car and .
jrought about the wreck. Both cars |
overturned.
The Judicial Committee of the
srivy Council is Britain's supreme
:ourt of law for the Empire and
ivery member of the British Com
nonwealth of Nations; and every in
lividual under the flag, whether
vhite, black, yellow or brown, has
he right to appeal to the council in
my cause, civil or criminal.
Wife Preservers
A bright idea for a bridal shower is a
"cake and pie" or similar combination
shower. Each guest is asked to bring hei
favorite cake or pie recipe contained in
side a kitchen utensil used in making eith
®r eake or pie.
Up to 100 gallons of liquor and all
beer in the hands of a retailor are
exempt from the floor tax. but the
half-cent must be paid on every
package of cigarettes.
No Evasion.
While the bcr lax is not imposed
on stocks of a retailer, it must be paid
by wholesalers and brewers on all
their stocks. Wholesale liquor dealers
are not granted the 100-gallon ex
emption.
Congress levied these taxes so that
merchants who bought up supplies in
anticipation of the increase would
have to pay just the same. The
treasury expects to collect $4,800.
000 from the floor tax on cigarettes
and SI9.600.000 from that on liquor
and beer.
Levies on other products may not
affect the consumer until existing
stocks are sold, but movie patrons
will pay the new taxes immediately.
The tax of one cent on ny 10
cents of an admission ; j \ start
with tickets costing 21 '-cut.. instead
of 41. As a result, movie g'<jrs who
have paid no tax when :.ttending
theaters which charge only 10 to 40
cents admission will began paying at
Monday's matin >i,s.
Now '.I'vies.
Here is the 1 ease on various
newly-produced t ducts, and serv
ices:
Toilet preparations, from ! >11
per cent: automobiles. 3 '<> per
cent: radios, 5 to f> 1-2 per com: ,ne
chanical refrigerators, 5 to S 1-.'. per
cent: matches. 5 to T> 1-2 cents thou
sand; electrical energy. 3 to 3 1-^ per
cent; gasoline. 1 to 1 1-2 cents a gal
lon; lubricating oil. 4 to 4 1-2 cents
a gallon: playing cards, 10 to 11
cents a pack: club dues and initiation
fees. 10 to 11 per cent.
Increases on liquor, beer and cig
arettes are the same as the floor tax
and will bring the taxes on these pro
ducts to S3 a gallon, vii a barrel and
(i 1-2 cell's ;i package respectively.
These "nuisance taxes" are expect
ed to produce about $475,000,000 ol
the billion dollars of new revenue
expected annually from the defense
tax bi'!.» Vf'. t of the remainder will
be de'i\ ' 'rum the highest income
taxes pay; ble next March 15.
EMBASSY
"Cooled Bv Refrigeration"
TODAY AND TOMORROW
THESTORYOF
I All MOTHERHOOD!
an eloquent plea lor
peace on earth... becania
they who most die lie
mothers' sum!
p * DON AMECHE *
EUGENIE LEONTOVICB
MARY BETH HUGHES
h Aim CURTIS' George ERNEST
f Uxrt I0WERY
\ Also < iirtoon—
, " i