THE GLEANER GRAHAM, N. C., JULY 11, 1935. 1U1U BVEBY THCftSDAY . J. D. MERNODLE, Editor. S1.MA Y1AR, IN ADVANCE. Entarad at tiie Postofflce at Graham. .v G.. ai mcu iuwlaaa matter. r , t ~ HOLC, A Home-Saver Ser vice It was the vital service the first allotment of funds had rendered to distressed home owners that induced a second allotment. The second allot ment. The second allotment was championed by Congress man Hancock of this State and the present session of Congress authorized the issuance of an additional $1,750,000,000 of bonds to lurther the work of the Home Owners' Loan Corpo ration in refinancing the prop erly of distressed home owners, it was expected that a mini mum of 300,000 and possibly 400,000 new applications for home loans would be filed. But when the books were clos ed by HOLC at midnight on June 27, as the law provides, it was found that the total of new applications on file was about 125,000. Financial writers who have been keeping close tab on HOLC statistics, as strongly indicative of business trends, are agreed that this proof that most of the country's distressed home ownere have been provided for is a sure sign of a vast improvement in gen eral business conditions. Im provement in real estate val ues, they asserted, has led to willingness as well as ability of banks and other private financ ing concerns to perform their normal function which they were compelled to abandon in the d epth of the depression. Since the HOLC was called into existence upbn President Roosevelt's urgent recommen dation to Congress in 1933 it has saved from foreclosure ap provimately 900,000 urban homes with advances from the original three-billion bond issue that already exceeds $2,700, 000,000. When the law was enacted the owners of residence properties and also the holders of mortgages on them faced the most appalling situation in the history of any country. More than two-thirds of the entire 21 billion dollars of ur ban home mortgages then out standing were short-term obli gations on which the borrowers were unable to pay principal or interest. The task of HOLC was to save these homes for their owneis by taking over the defaulted loans and refi nancing them as long-term amortized loans, payable in small mon thly amounts, to in clude interest and all charges, over a 15-year period. It seems entirely probable that the big reduction in appli cations, which ended on Jnn< 27th, was due to the Govern ment's easier terms?lower rate of interest and longer time tc repay, which compelled private loan agencies to meet the situ tion or go out of business. The North Carolina Press Association for its meeting this year will take a trip to Boetoi by water. The members wh< will attend will assemble a Norfolk on the 17th, next Wed nesday, and sail on the after noon, returning, the party wil arrive at Norfolk on the Mon day following. A profitabh and delightful trip and outinj ? y- ???? i T AJL.iar.im "CrasJ Rooti" ConcllVt FIIM The Convention, with a catchy name, recently held in Spring field, 111., to launch a cam paign for a Republican success or to Mr. Roosevelt in the White House next term, is be ing shown up without any special [advantage to its spou sors. Commeting further on the convention and the stand of Re publicans members of Congress on important recovery measures have taken, the St. Louis Post Dispatch, independent, says: That slogan, "Save the Con stitution!" adopted at the "grass roots" convention in Springfield, 111., may be a little embarrassing to Republican members of Congress. Someone may rise to inquiie why, since the Republicans pledge themselves to rescue the the historic document, repre sentatives of the party in Con gress voted as they did on measures since thrown out as unconstitutional by the Su preme Court. On the outstanding measure of that kind, the NIRA, a ma jority of the Republicans in the House voted aye. The Repub lican Senators did likewise. Almost 60 per cent of the vote of Republican Senators was in favor of the Frazier - Lemke Act, which passed the House without a record vote. This act was declared unconstitu tional by a unanimous decision of the Supreme Court. Not a single Repulican Sen ator voted against the Railway Pension Act, which also passed the House without a record vote. It, too, was thrown out by the Supreme Court. It would make a more con vincing showing if the Repub licans in Congress and the grass rooters could present a united front on the issue of preserva tion of the Constitution. As it is, the public may decide it is being spoofed. Mussolini has designs on Ethiopia and the United States has been appealed to for help. U nde Sam apppeciates the com pliment, but he is busy just now trying to grow on his fingers new skin that was burned off the last time he pulled European chestnuts out of the fire. He did, however, suggest that the League of Nations might intervene. But the L. of N. seems to be purely ornamental when it stands in the way of what the members want to do. Dare County Times is the name of the first newspaper to be published in Dare County, making its appearance last Friday. Its initial number is six pagee, 8 columns to the page, and printed on pink pa per. It is a healthy-looking child. At its masthead it says i "Birthplace of the Nation, 1584; Birthplace of Aviation, ? 1903," referring to the colon; on Roanoke which disappeared i and to the first flight by air i plane by Wilbur and Orvilh > Wright. Victor Meekins ii editor, and Misses Elizabeth Hooker and Nell Wise, businesi manager and circulation mana i ger, respectively. s ? , The worst flood in a hal century visited central Nev York State Monday. Over 4< lost their lives. Damagt ' mounts to many millions. Bij ? towns like Binghamton am 1 1th ica were flooded. A fev days before there was a disss terous flood in the Middli west, and a day or two late: i Northwest Maryland bad i G. M. BNFIMLD "By their lipe Yon tell 'etn By their breath You smell them. Hooked rugs are not necessarily stolen rugs. "Noted runner catches a bride."?Headline. Why not? The easiest to catch. "Shark is captured by a Cali fornia lady.' ?Headline She's not the only lady to catch a shark. See that "Sleeping cars to have birth control." Will save rush ing for a physician. Hubby?Our beans are being eaten up by beetles. Wifey?Think it will do any good to syringe them? Alaska was the first American ' possession to put old age pension law into actual operation. Safety first 1 They all freeze up there before old age. I Lawyer#, reporters and others who took piut in the John Thomas Scopes "monkey trial,'' ten years ago, will be asked to return to 1 Dayton to re-enact scene of evo lution trial. Suppose "other*" include the monkeys. 1 In Hungary, "Duelling is both ) faehionable and essential to poli ticians." How different in the United ' States! Here its slinging bull. , "Moon will act strangely on July 18."?Headline. | Hope she'll not continue to be | influenced by her daughters! . Tin?dv Farm Questions s Answered At State College 1 QUESTION;?How should land k be prepared for the first seeding > of alfalfa* ANSWER:?A well prepared seed bed is necessary for best re sults in growing alfalfa and for this reason the land should be ' plowed fairly deep and be ther ' oughly pulverized with a disc ) and harrow. The land should be I allowed to staad at least a month f after this preparation in order 1 that it may settle. Frequent r harrowings during that period will give good results. As fall a seeding is usually more satisfac tory in the Piedmont and Coastal r Plain sections the land should be 1 prepared the last of J uly or early for seeding from September 1 to: 30. QUESTION:?When should cockerels be caponzed to be ready for the Easier market? ANSWER:- -Cockerels that ate to go to market as capons next Easter should be caponized as early as possible in July. It takes from eight to eleven months properly to develop and finish a capon and those birds caponized in early July should be ready for the market if proper development takes place. Care should be taken that only healthy cockerels be selected as unhealthy birds either die from the opera tion or make poor development. QUESTION:?How often should I dust my cotton to control boll 1 weevil? ANSWER:?Where there is as much as a ten percent damage the dustings should not be over five days apart as long as this d a m a g e remains. However, weather conditions will govern, to a large extent, the actual num ber of dustings to be made. Frequent showers and cloudy weather increases the damage and the application should be re peated if a heavy rain falls with in 24 honrs after any dusting. As long as there are ten perceuo of the squares punctured dust ings should be made every five days and in between if a heavy tain occurs. j Beauty of Butterfly The beauty of a butterfly or moth Is In Its wings, for on each there are thousands of minute scales with a won derful blending of colors. Each spe cies of butterfly or moth has scales of delightful designs, and also an enor mous number; some of the large trop ical species possess about two million separate scales on their wings, each single one overlapping its neighbor like the tiles of a house. A butterfly can be distinguished from a moth by Its antennae or horns; all butterflies have a knob at the end of each, while on moths they are feathered and taper to a point?Tit-Bits Magazine. Habit* of Polar Bear The polar bear, at home only on the Icy coasts and islands encircling I the North pole, does not hibernate? the males at least being abroad at all seasons of the year; one after a big meal, may retire to an Ice-cave or rock hole, and snooze a few days, bat soon resumes his hunting regardless of weather or darkness. Toward spring, as In all bears, the female chooses a bedroom, and stays there, perhaps un der cover of deep snow, until her cubs are born and able to travel. U. S.-Spain's Island Deal Under the treaty of December 10, 1808, the -United Stares paid to Spain $20,000,000 in connection with the re llnquiAment of all claims to Puerto Rico, Guam and the Philippine Islands, and, under a later treaty of November 7, 1900, a further payment of $100,000 was made to Spain for cession to the United States of any and all Islands (Oagayan Jolo) of the Philippine arch ipelago lying outside of the lines de scribed in article III of the treat* nt MAKING IT HARDER FDR BANK RORRERS Mechanical Devices That Impede the Work of Bandits De scribed by Bankers As sociation Official The impedimenta which the hard working bank robber now meeta in ply ing his trade among small as well as large banks are described by James E. Banm, Deputy Manager American Bankers Association in charge of its Protective Department, In an article in "Banking" published by his organiza tion. "Protective equipment will minimize It not prevent loss," Mr. Baum says, "such as the silent automatic type of alarm, approved tear gas systems, sev eral styles ot bandit resisting enclos ures and tlmelocks, or safes equipped with tlmelocks, which can be set for Intervals ot a tew minutes. "The silent automatic alarms operate in the beginning of a holdup and through actions carried out by the bank employees In obedience to tbe bandits' own commands. They are adaptable to the smaller banks which continue to be easiest targets for bank robbery. Tear Gai Systems "Tear gas systems have their advan tages as self-contained protective units where outside aid is Inconvenient or too remote from tbe bank to be effec tive. One objection to the use of tear gas in preventing holdup Is the need of pressing a lever or button to discbarge it. Although this necessary action seems too much to expect of the victims In a crisis where their lives are in Jeopardy, the fact remains that tear gas systems have defeated bank robbery. Its de terrent value is also important. "Different styles of bandit resisting enclosures are available. The lock man ufacturers also produce tlmelocks which can be set to open at Intervals of five minutes or longer. These locks are especially adapted for attachment to small Bates or chests for safeguarding Burplus funds while tbe bank is open for business." Agriculture and Industry Returns tor the first quarter ot 1935 for Industrial corporations publishing quarterly reports show net profits J! per cent more than (or the same In 1934. The total (arm value of all Important crops, exclusive of livestock, rose In 1934 to 94.782,423.000, as compared with 94.114.265.000 in the previous year sn