ft*"*-* ? ~ ^r"~
~ Entered at the Post Office at Loula
%Vf, N. C-, aa second class matter.
V . Loulsburg has plenty people who
make good officials.
Jr Some are suggesting Mr. W. Henry
4-^- Macon for Mayor of Uouisburg.
The Town Commissioners should
call a primary at their meeting to
right.
And Its the first of April and no one
has announced himself for any town
? trice. What's the trouble?
The present Board of Trustees of
Louisburg Graded School have anoth
er opportunity to do their duty by the
children of the district. Its to be hop
ed Jhat not a single member of the
Board will oppose the construction ot
the new school.
There are some things in this life
that the ends justify the means. A
child can't be worth as much to him
self and his community uneducated as
he can with a good education. Lets
educate the children in a respectable
building that will protect their health
as well as their minds.
Mr. W. M. PerBon Is to be congratu
lated on his position in his recent tax
wit. Lets hope he will win. The real
and personal property is being called
on (or too much tax in comparison to
Ttnrt iratrt by stocks and bonrts. Ami
the most unreasonable of all actions
tu the recent legislature- exempting
stock in foreign corporations- This
is one thing we won't be able to apol
cglze (or.
TEST STOCK
' EXEMPTION LAW
MB. W. M. PERSON AND DR.
R. E. WILLIAMS MAicie
COMPLAINTS
Case to be Heard In Warrenton
Before Judge John H. Kerr,
On Saturday, April 28, 1923.
Mr. W. M. Persdn. who won a State
wide reputation In his recent tax suit
looking to baring the law exempting
stocks and bonds from taxation declar
ed unconstitutional, which was decid
ed against him, has sprung another
sensation by having entered suit
against the Revenue Commissioner of
North Carolina to have all foreign
stocks taxed and the law passed by
tho iast legislature, exempting these
stocks from taxation declared uncon
stitutional. The temporary restrain
ing order has already been signed and |
Saturday, April 28th, 1923, selected as
the day for hearing of the question
looking to a permanent order which
will be heard at Warrenton before
Judge John H. Kerr. This case is at
tracting -quite a wide attention and
will na doubt be watched with much
interest. The complaint of Mr. Per
son and hla associate. Dr. It E. Wil
liams, follows:
ORDER OF JUDGE
North Carolina, Warren County ? In
Superior Court.
W. M. Person, a taxpayer in Warren
County, N. C., and also Dr. R. E..
Williams, a' taxpayer of Warren
County, N. C., tor themselves and
the other taxpayers of Warren
Ooutaty and the State of North Car
/ Qllf?
m,- vs.
VL A. Doughton, Revenue Commlulon
?J t.
The plaintiffs complaining of the
defendant a bore named say and al
lege:
1. That the plaintiff W. M. Pereon
la a resident of Franklin County, N. C.,
and that Dr. R. E. Will tarns la a resi
dent ?ud taxpayer in Warren County,
N. C.
t. That the defendant is the duly
appointed Revenue Commissioner for
the Mat* of North Carolina and under
the provision* of the law of Nort*
Carolina has power, authority and
general superrlelon of the system of
taxation throughout the State, and to
havs and to taerctoe general super -
-nMtm over the administration of all
assessments and tax laws, orer all
OMDtr, Township and City Tax assess
meets and JBoardr of Equalisation, to
f ?
in bonds, - storts, Joint stock compa
nies, or otherwise, and all real and
personal property, according to Its
true value la money.
4. That under the law, and accor
ding to the power and direction of the
Constitution as abore set out. It Is
the defendant's duty to have listed
In the various bounties of North Caro
lina, tor purposes ot tsratVon. all
moneys, credits^ Investments In bonds,
stocks, joint stock commutes or other
wise, and all reiki and personal pro
perty according to Its true value In
money.
5. It H*s long been the settled law
of North Carolina that the individual
stockholders ot Forlgn Corporations
should list and pay ad valorem tax
upon said stock and bonds as upon
other personal property, which ques
tion was settled In the case- of Brown
vs Jackson, 179 N. C., Page 68, and
that stockholders In Foreign Corp
orations, unless It appear that two
thirds in the value ot entire property
Is situated and taxed in this State,
and that said corporation pays ? fran
chise tax on its entire issued and out
standing capital stock at the same
rate paid by domestic corporations.
6. The Supreme court held In
Person 'vs Watts in decision handed
down in December 1922 that stocks
in domestic . corporations were not
subject to taxation and that the ex
empting statues of North Carolina
since 1S87 were constitutional and did
not conflict with Article 6, Section 3,
of the State Constitution.
7. That Article 5, Section 5, pro
vides Property Exempt from Taxation .
Property belonging to the State or
to municipal corporations shall be ex
empt from taxation. The General As
sembly may exempt cemeteries and
tiflc, literary, charitable, or religious
purposes; also, wearing apparel, arms
for muster, household and kitchen
furniture, the mechanical and agri
cultural Implement* of mechanics and
farmers; libraries and scientific In
struments, or any other personal pro
perty to a value not exceeding three
hundred dollars.
8.. That the General Assembly ot
North Carolina ratified an act, H. B.
456, S. B. 1003, on March 3, 1923, at
the end of Section 4 bf Act ? after the
clause exempting from taxation the
stacks In domestic corporations which
had recently been declared constitu
tional by the Supreme Court ot North
Carolina by a divided court In Person
7Br?ug w> ilb, K?Teiiue ctuimimoner.
in the following words, "Nor shall
any Individual stockholder cf any for
eign corporation be required to list
to pay taxes on any share of Its capi
tal stock in this State, and the situs
of such shares of stock in Foreign
Corporations owned by residents of
this State^ for the purposes ot this
Act is hereby declared to be at the
place where aald^ corporation under-,
takes and carries on Its principal
business."
9. The plaintiffs herein aver
tnd allege that it ought to be the set
tled policy ot the State to insist that
etery dollar ot Us wealth should bear
Its proportionate share ot the bar
dens of government-the latter and the
rpirit ot oar State Constitution declare
in unmistakable terms that there
should be no property exempt from
taxation except that mentioned and
named in Article 5, Section 6, quoted
in Paragraph 7 ot this petition and that
said exempting enactment Is unlaw
ful, unconstitutional, null and void,
contrary to public policy, unjust and
inequitable,
10 That the cwtiCTB at stocks and
bonds in all demeatle corporations
in North Carolina, and or foreign
corporations it tiro-thirds of their
property situate and pay tax in North
Carolina, escape all taxation accor
ding to the decision in Person versus
Watts, and the same privileged in
fluence through their legislative con
trol, regardless of all rules of right
and Justice, and the plain mandates
of the State Constitution, wrote and
had enacted sald'statue which released
from taxation every share of stock in
tovery corporation, and places the whoie
burden of government upon those who
own no stocks, but on the tillers of
the soil and the owners of the real
estate and personal property in North
Carolnia.
11. That as a result off said cam
ouflage, fraud, and the enactment of
this and other' exempting -statues, the
owners of flfty-flve per cent of thf
wealth of North Carolina pay three per
cent of the taxes of the State, and the
owners of forty-flve per cent of the
wealth, pay ninety-seven . pt r cent of
the taxes and the burdens of govern
ment ? all of which is unjust, unlaw
ful, unconstitutional, contrary to pub
lic policy and inequitable.
12. That there wan listed for taxa
tion In North Carolina for the year
1922 $18,000,000 In stocks in foreign
corporation* and thes eplalntlft* aver
and allege on Information and belief
that the amount owned by the stock
holder* In North Carolina are -many
times more ^han this Amount; that
the pretext and pretense for the en
actment of this statute were that it
would be aa Incentive and Invitation
for rich men llrinc in other States to
come to North Carolina to llro tax
free
12. That said enactment I* viola
tive of those clauses of the Constitu
tion of the United States and the State
of North Carolina -which forbid class
legislation. and also the equality and
uniformity clauses of 1>oth oonattto
t'ons, and should be dseuuM uncon
stitutional and null and void on these
ground*.
14. These plaintiff* arer and al
lege that as a result at the studied ti
tan* at stockholders to eaoape all tax
ation on their InTestments la stocks,
and their success in havhif written
Into the st state lava of Worth Oartv
all their stocks, contributing nothing
to the hardens of oar government
either Stale, County, Distort 0* W*
nlclpal, contributing nothing to ???
inpport of oar great educational *jn- 1
Item, good roads and the bonded In
Idahtednesa of the County, Township.
I District and Municipal corporation*,
sll of which Is aniawtol, nnconstltu
".M'o policy, , ira
\T.
V ~ I m
tu?t and Inequitable, _
16. That by reason of the aforesaid
unconstitutional discrimination against
the farming alum of the State, by
Discing all the taxes on the rural
homesteaders, the town aqd city
dwellers and the term lands at the
btate, the valuatiou of which- has
been Increased many time* ita market
or selling value, with* little or no de
crease in Its rates, until the taxqs as
ressed against the above olaaaes have
become ?confiscatory to snch aa extent
that the taxpayers are rapidly . be
coming bankrupt ,1 ,
16. There plaintiffs aver and allege
that if all the wealth ant) property of
the Stale were, placed on. the ? tax
Looks so as to bear ita equal burden
of government, then the taxation of
<fc? visible proi>erty of the State would
be decreased pro tanto, and U? same
amount raised for the purpose of
maintaining- the great Institutions of
the State. ^
17. That it is the duty of the defen
dant Revenue Commissioner to have
listed on the tax book of the State the
btocks owned by the cKixens of North
Carolina in foreign corporations. That
said defendant has ruled that the di
vidends from stock in foreign corpor
ations are subject to the income tax
to the State, but not subject to an ad
valorem tax, which ruling Is uncon
stitutional and null and void.
Wherefore, your petitioners pray
your Honor upos the allegations here
in set forth 'to "declare and adjudge
the aforesaid Legislative enactment
exempting stock* in foreign corpora
tions from taxation unconstitutional,
unjust and against public policy.
That your Honor direct a summons
ard issue notice to the defendant Rev
enue Commissioner to appear before
yt.ur Htmor, resident Judge of the 3rd
on the 28th day. of April, 1933, and
show cause, if any he can, why a per
emptory mandamus should not issr.e
against him, requiring and compelling
him to place and have listed the stocks
in foreign corporation?, now in the
lands of Individual stockholdera and
owners in North Carolina on the tax
books at its true value in money, and
for such other aid further relief as
plaintiffs are entitled to in the prem
ises.
n? ?' i
FOR SALE
Two extra fine pure bred Collie dogs
golden aable In color with white mark
ings, extra large for age.
8-30-lt J. A. MUNFORD.
Department Warns Cotton
Planters Against Fake
Weevil "Remedies"
~~ ** *
The present great Interest iir the
boll weevil problem In the Southeast
ern States bas resulted In a large num
ber of patented preparations and ma
chines which are being rigorously ex
ploited, says the United States De
partment of Agriculture. TOiCojUS
petition of what. has occurod in every
region Invaded by the boll weevil
During the first tew years the farm
ers are '.exploited and' many uu|li4l
or practically useless device* are 'sow
to them. In a le* year*; hoetjver,
history shows that such organizations
go out of business. Their operations
are especially Important at the pre*
sent time since the losses caused by
the boll weevil' will be increased by
the expense of buying nostrums at
various kinds.
The claims for these preparations
are not based on scientific tests al
though In many cases the person!
exploiting them are undoubtedly sin
cere in . their belief that they wilt
yield good results. Generally speakti
ing they are based on mlslnterpra?
tations of what occurs in the field,
To determine whether a remedy 1*
effective, it Is necessary to have con
trol areas and to consider the effects
is very easy for an untrained observer
to attribute to some preparation he
'has applied, the beneflcal results of
come variation In climatic or cultural
' factors .
I The Department of Agriculture and
many of the State experiment sta
tions have tested the new boll weevil
remedies which have been proposed
from year to year and many of thos%
now being offered the public are not?
essentially different from the kind
that have been tested and discarded?
The Association of Southern Agri
cultural workers at Its recent con
vention at Memphis considered the
whole problem of boll weevil control
and, in addition to certain cultural
methods. It recommended the con
sideration Of three remedies. '
This convention heartily endorsed
the use of the dusting method in area*
v. here the yield ot cotton was high .
enough to warrant the expense. It
also endorsed the Florida method for
the region in which it has been pro>
?en to be applicable, and mrtber re
commended extensile testi of this me
thod in other regions of light yields.!
In another paragraph it callcd at
tention to the fact that the molasses
arsenate treatment, although not yet
subjected to safficently detailed ex
perimental tests to -warrant its en
dorsement, had apparently giveri re
sults crter a wide area that warrant
ted farther consideration, and It there
fore recommended thorough and im
mediate tests of this method by State
and Federal agencies.
The State and Qovermetit liistltn
Itlons are anxious to help the farmer*
through the agency of say new me
thods Of controlling the boll Woe*tl
which may be dlscorered. As prompt I'
Jy as possible careful teat* are con- 1
dotted. The department strongly rs
commends that fanners sxsrclte das
caatloa hi spending money for new
boll weevil remedies. In all cages
farmers fbould demand erldence of
ofkml tests an4 communicate with
thsir experiment station for detailed
li. formation regarding any of the new
remedies. If anything of value Is dis
covered by the State experiment
stations or by the rodernl Department
prompt and wide spread notice of the
fact will be given the public In the
meantime it to sate to say that In all
probability ' any mousy spent for
patented mixtures or machines will
be wasted. ;s-v'" - ? *
AT
F. A. ROTH COMPANY
IS NOW ON
^ m i J " c* \
You *re extended a special invitation to visit the
store of F. A. Both Oo. and see the exceptional display
of Spring Coats, Coat Suits, Dresses, Millinery, Oxfords
for women, Suits, Hats, Caps a?d Shoes for men and
boys. This is the prettiest display we have ever shown
and the values are greater. We w*nt you to come in
and see them. Ton can't appreciate the savings you
can make if you don't See the following exceptional
prices r -
LADIES AND MISSES MATS
? in all th latest Spring styles, a
large selection of very attrac
tive hats to select from
Price] $1.50 up to $7.95
Ladies Goats and Coat Suits
in Poiret Twill, Tricotine, allcolors in two and three
suits Price $18.60 to $39.60 %
Ladies lew Spring Dressess
in all the leading shades and - -
combinations, Crepe Dechine,
Crepe Satin, Taffeta, Paisley
Silk Crepe, Flat Crepe and
Sport Silks
Price $8.95 to $32.50 -
:
Ladies Coats and Wraps
all colors and all materials,
Special Price $8.95 to $25.00 ;
Men's and Boys' New
Spring Suits
with one and two pair .pants in
all the leading styles and colors
Tweeds, "Worsteds, Serge, Gar
badine and "Whipords
Special Price $8.50 to $35.00
Men's, Womens' and Chlldrens
Oxfords and Pumps
Straps, Lace. Colonial in all the " ,
leading, shades and color com- ,
j binntions, including Sport Ox
forda. Silk Hose to match all
pum ps i
Price $150 up to $7.50
Men's and Boys' New Spring Hats
At
anu taps, all shades and atylet
Priced fecial 98c to $4.95
f. A. ROTH COMPANY
fc THE BTOfcZ THAT ALWAYS BELLS THE CHEAPEST
tOPISBPRO, NORTH CAROLINA
'? 1 " 11 ' i ? -