Farm, Forest and Garden
FARM ACT SECTION
CAN AID BORROWERS
Authorization for Federal land bank3
to issue up to 12,000,000,000 in bond ,
With interest guaranteed by the Unit
ed States, and eltlier exchange the
bonds for first mortgages on farms or
jsell them, and use the money to make
new loans to farmers!, is one of the
' principal features of the farm mQrt
• gage section of the agricultural adjust
ment act, according to information is
. sued by the Farm Credit administra
tion, which administers this section of
the act.
The Farm Credit Administration be
gan functioning on May 27th, as pro
vided for in President Roosevelt’s ex
ecutive order issued March 27, 1933.
The agencies to be consolidated under
the new adminisiratoin Include the
Federal Farm Board; the Federal
Farm Loan Bureau which has jur.idlc
tion over the Federal Land Banks,
joint Stock Land Banks and Interme
idaate credit banks; the regional agri
cultural credit corporation of the Re
construction finance Corporation, and
the Crop Production Loan Divis’on of
the United States Department of Ag
riculture.
(The Farm Mortgage section of the
act makes it possible to lower the in
terest rate on both old and new loans,
extend payment on the principal of
their loans from the Federal Land
Banks, and to loan money directly to
farmers in districts where there are
no National farm loan associations
through which applications may be ac
cepted. It also pro vides for Farm
Loan Commissioner’s loans to be
made direct to farmers from agents
of tre Farm Loan Comissioner lo
cated in each of the 12 Federal land
bank districts.
Applications for .information or
loans under the new’ act should be
made to the secretary-treasurer of
the National Farm Loan Association
of the county in which the applicants
farm is located, or to the Federal
Land Bank serving his state in y the
absence of a loan association, farm
ors should get in touch with their
farm agent. „
The Federal' Land ank for this.dis
trict is located at; Col,umbia, S. C.
SHOULD LOP dress early
FOR HIGHEST PROFIT
Reports from various sections , of
North Carolina indicate that crops r»re‘
■op to good stands and that cultivation
•' is proceeding under sutsiaetovy con
ditions. ■ V
Those yhj plan to top dress / their
cotton crop this season, therefore,
should keep in mind that the applica
tion should be adided when the crop
las been chopped and before the next
cultivation. This means that the ef
fect of the side application may be
fully utilized1 ny the growing cotton
and that the crop will be pushed to
full growth before the boll weevil
" damage of the late season. Reports
reaching the Agricultural Extension
service of State College from Geor
gia indicate that the growers there
lave begpn early poisoning wuS
and that there has been a heavy emerg
ence of boll weevil. i
No one 'jam estimate whiat boill wee
vil damage will be in North Carolina
vii.s yeail but if the season is Ijavor
■SifiJLflrjthe-.pei-its mi -Jidyaad August^
Eiimag will be serious. This means
mac uiose who push th%ir crops
ah.jad will be in bettor poa-tion than
mothers, * For this reasoh, extension
workers advise early applications of
the s.de dossing materials. *
In the case of com,the side applica
tion should be applied when the crop
is about knee high. This will give
higher yields per acre than when the
appi-oaton is made at tasseling t.me.
Those who can afford to make side
applications^ of quickly available-ni
trogen should pla^ to do so at once,
say the college extension workers. To
wait until late in the season will be
disastrous, especially, for 'cotton, if
there is a heavy infestation Oji' the
boll weevil.
BRIEF NEWS ITEMS.
Catawba county poultry growers
have perfected an organization to pro
mote this phase of farm activity. The
new association will aid in standardiz
mg production and marketing.
A Gaston county club girl has better
her health score by 25 per cent dur
ing the last three years through the
health examinations given in the 4-H
contest
L. Huntley, of White Store, in An
son county, says he considers soy
beans one of the best of hay crops.
Properly cured, the. hay is relished by
mules as well as dairy cows, and Mr.
Hcntley kept his mules fat on the hay
last winter.
J. R. Turnage is bulding the first
trench silo for Durham county.
Alleghany and Avery county sheep
powers and selling their wool in a co
operative pool arranged, py the farm
agents.
Twenty five scrub bulls in Person
county will be eliminated and replaced
with pure breds according to efforts
being made by H. K. Sanders., farm
agent.
There are lands on every North Car
oiina farm better suited for timber
than other crops and when such /ands
are put to trees, it will pay the owner
more clear profit than will other crops
says W. Graeber, extension for
ester. '• • • ^
l KT CHIN’S PROPHECY.
News and Observer.
Amazed as the cojunty was to dis
cover that the great house of Morgan
was bearing no share of the taxation
to support the government through
the present depression, it becomes
more and more apparent that this re
markable evasion isi only a detail in
the flight from taxation^ of the great
wealth of the county which began dur
ing the reign of Mellon in Washing
ton.
■i
In a brilliant Address made in Con
gress recently, Representative Pars
on, of Illinois, showed (beyond a ques
tion of a doubt that in* the taxing pol
icies of the late Claude Kitchin had
lijtn—carried—out that the_debt, pil
ed up in the war would have been wip
ed out by June 1, 1926, and that there
would be today a surplus and not a de
ficit in the federal treasury. Instead,
the dying Kitchin saw) th? triumph, of
MeUiniym which resulted in five ma
jor rcduct.ons in the taxes of the very
r.ch between 1921 and 19291 at the
same time that the local and the state
'Ihxes in various states and subdivis
ions levied on farm lands and tangible I
property were being increased by 3001
per cent. In the light of these incon
trovertifale facts the present demand
of wealthy leaders of Economy Lea- j
gues and the like that wealth must be
relieved of taxation becomes an irony
more tragic than amusing. |
Representative Kitchin, who as chair
man of the House Ways and Means'
Committee, bore the task of fiancing
the World War, blieved to hS death |
that those whom the war had made
fabulously rich should be required to’
pay its costs. That policy he urged j
strenuously despite his. sickness when'
under Mellon leadership the rich in
1921 began their flight from taxation.
Mr. Kitchin’s words today read) like
prophecy. In his mi nority- report
against the first Mellon plan, he said:
“An analysis of the statistics con j
taned in the detailed report as to cor
porate incomes and excOsss profits
taxes ... _ (..shows that) 180 corpora
t.ons making annually from $5,000,000 j
up to $300,0p0,000 and over (the Steel i
corporation made over $500,000,000
net profits in 1918), had a net income
of $2,554,000,000 in 1918, and wh-le
paying only$300,000,000 ncome tax,
they paid $848,000,000 excess profit
tax. One thousand and twenty-six
corporations with a net income of $4,
25,000,000, more than one half of the
total corporate income of all the 317,
559 corporations while paying only
$533,000,000 income tax, paid $1,422,
000 of exsess profits tax, that is, paid
over one; half, or nearly tow-thirds, of
the entire excess profits tax of all the
corporations making profits. At a
glance one will see that the proposed
proposition is one to relieve a few
hundred of the biggest profiteering
corporatons in the United States,and
not, as Secretary Mellons says, to un
clog business
An analysis of the returns as de
taiid in the reports of the Internal
Commissioner from January 1, 1916,
to January 1, 1921, shows that corpo
rations in the United States made net
profits of $47,000,000,000. After de
ducting^ all of the taxes they paid in
eluding income, excess profits tax and
other war tajEes,they have a clear pro
fit left of $380,000,000^. _ .. . four
fifths of which was made by tess than
10,000 corporations, and more than
one half of which was made by 1,026
of the big profiteering corporations.
But Mellonism was in the saddle and
the plutocrats were riding hard. Mr.
Kichin died. The war profiteers es
caped the cost of the war. So com
pletely did they escape that today the
greatest financial house in, America
ODDS AND ENDS
When you want fertilizer to finish out
your plantings or to brace up some
thing that needs it, we have it and will
continue to have it until your wants
are supplied.
NITRATE OF SODA
SULPHATE AMMONIA
TOBACCO FERTILIZERS
COTTON and CORN FERTILIZERS
TOP DRESSER FOR TOBACCO
TOP DRESSER FOR CORN
(Does your corn fall down? Come to
see us).. 1
TOP DRESSER FOR COTTON
Our TEN-TEN for cotton will make
easy picking and helps prevent
rust Price right
O-TOO-TAN Soya Beans, Cleaned
. and graded, $1.75 Bushel while
^ they last
Sanford,
is not contributing even one penny to
the federal treasury. Instead) th pluto
erats demand a sales tax in order that
all may1 be “tax conscious,’ while the
great wealth of the nation continues
to evade payment of taxes in any ap
proximation of Its ability to pay, *
BANK INSURANCE
BILL APPROVED
BY CONGRESS
A steel ribbed banking bill design
ed to preveflt a recurrence of such a
f'hancia emergency as roocked the
country March 4th, preciptating the
bank ho'Cday, was passed by the sen
ate with ic3S than four hours debate.
Revised considerably from the form
in which it held the senate in prolong
ed dispute! and filibuster last session,
the bill passed without the formality
of a record vote.
It carres a provision for both era
ergeniy and permanent insurance of
bank deposits and calls for the sev
erance of banking and investment bus
iness. Like the bill of the last ses
sion, it bore the name of Senator Car
ter Glass, Democrat, Virginia, who lad
the long fight for the legislation.
Senator Long, Democrat, Lousiana,
who, led the long filibuster against the
Glass measure last sc sion, said he fa
vored the new one because protection
for the little honk which the last bill'
did not have. I
An amendment providing for the
insurance of deposits in all banks for
one-year, beginning July 1, after
whch time the Glass permanent in
surance! ,aad would begin to operate,
was pub nito the bill at the request of
Senator Vandenburg, Republican Mich
igan.
It was also approved without a roll
call. It. provides for the insurance
of deposits up to $2,500 in Federal re
serveftnembier banks and state banks
certified by state authorities to be sol
vent.
The participatng banks would be as
siessd one half of 1 per cent of their
total deposits to set up the fund.
They could be assessed an additional
sum ifl necessary after January 1,
1934. * ,
During the .life of the fund, which
the treasury Would) back up with an
appropriation of $10,000,000, no par
ticipant 'could pay more than 2 1-2
per. cent on insured deposits.
The Glass insurance clause, to be
come operative July 1, 1934, creates a
corporation with assets approaching
S2,000,($0,000 to guard deposits in re
serve member banks and to speed up
liquidation of closed institutions.
"v - j PU|n Of fnE^rance. 1
The first $10,000 of a deposit would
be fully guaranteed; all from $10,000
too $50,000 would, be insured up to 75
per, cent, and aB over $50,010 by 50
percent. . ...
| Thei corporatlm will be capifST
ized by subscription of $150,000,000'
from the treasury; half the reserves
of federal .reserve banks, -and on half
of one per cent of the deposits in ir: m
her banks.
Management would be vested in a
■board of directors of 5, one of whom
■ would be the comptroller of the cur
rency; on a member of the reserve
| board and three selected by the gover
nors of the 12 reserve banks.
| Dividends would he paid in stock
; held by the government and member
banks, but not that held by reserve
banks.
1 Another major proposition of the
j measure and one which has been op
posedby J. P. 'Morgan in the present
banking committee ^investigation,
provides that private banking houses
shall not do both deposit and invest
ment security business, and that ii
, they continue to accept deposits thej
j shall subject themselves to federal e*
hmination.
Other major provisions would be:
Stop payment of interest on de
mand deposits;
| Limit to 25 the number of directors
a national bank might have;
| Admit Morris Plan and Mutual sav
I ings banks to the reserve system.
| Prevent interlocking directorates be
; tween private an d commercial banks,
j Principal provision* of the hai re
tained from last season include:
Power for the reserve board, to curb
the .use of reserve credit for1 specula
tion by suspending credit facilities to
any hank misusing them.
Provides Branch Banking.
Forbid loans by member banks to
their executive officer*. z
Require member banks to divorce se
curity affiliates within one year.
This originally was wo years; b|it
was changed on the floor.
Permt national banka to engage in
state wide branch banking in etates
whigh permit their institutions to do
so.
Permit the reserve board to remove
from o-'ice member bank official* in
sisting upon practice* in violation of
law of regarded as “unsafe dr un
bound.
Hated debate preceded approval of a
section requiring depositors in postal
savings institution to give 60 days*
flotice before withdrawing deposits on
'which interest is allowed and barring'
interest on deposit* for lets than that
CHEVROLET DOING GOOD
' -
DESPITE, DEPRESSION
T —— h
Regstrbtions of new Chevrolet pass
enger cars and trucks in the first quar
ter this year accounted for 87.2 per
cent of the toal of thq industry and
exceeded the combined registra
tiong of the next three leading makes,
according1 to a statement released to
day by the Chevrolet Motor Company.
In the three months Chevrolet tiled
09,621 new units as compared with
47,509 new cars and trucks for the sec
ond place make, 29,823 for the third,
and 14,354 for the fourth place holder,
aother General Motorsl car* in a higher
price range than' the first three, the
statement read.
Of Chevrolet’s total rgistrations for
the first quarter, 14,278 were truck
units_ represeiitirig _45.5 per. cent-of all
trucks registered by the industry in
the period. The total compares with
7,956 trucks totaled by the second
leading manufacturer, it was claimed.
Every one of the first three months
shows a surprisingly uniform number
of Chevrolet registration?, the bank
ing situation in late February and
March neutralizing the normal season
al upturn at that time. In January,
Chevrolet registered 34,809 units, in,
shorter month of February 30,441, and j
in March with its banking troubles,'
31,171. |
In the first quarter the industry reg
istened 259,376 new units in the domes
tic market. Chevrolet’s percentage
of 3.72 of the total compares with 36.7 i
in the same priod last year, the state
men observed.
A LITTLE LIGHT OX A CHARM
ING SUBJECT: Fay Wray, Col
umbia pictures star, gives her
smile of approval to the latest
lighting gadget—a pocket flash
light so compact that it can be
carried in a lady's purse or a
man's vest pocket.
NOTICE OF LAND SALE
Under and by virtue of the power
contained in a deed of trust executed
to the undersigned trustee on the 24th
day of October, 1929, and recorded in
Hook 128, page 196 registry of Lee j
County, and a deed of trust executed
to said trustee November 7, 1929, re
corded in Book 126, page 161 registry
of Lee County, and pursuant to de
fault in said deeds of trust and1 in the
bonds thereby secured, I will sell at
public auction to the last and highest
bidder for cash at the courthouse
door of Lee County, North Carolina,
at 12 o'clock, noon, Monday, July 3,
1933, a certain tract or parcel of land
lying- and being in West Sanford town
ship, Lee County, North Carolina,
bounded and described as follows, to
wit:
Beginning at a stake on the east
side of Hawkins Avenue on the ori
ginal line between Levi Gunter heirs ^
and Weatherspoon heirs, said stake ,
being 107 1-2 feet east of Levi Gun-1
ter’s comer of one acre, formerly Mrs.
Bettie Melver comer, running thence
S. 87 1-2 E. 200 fc-.-t with the saidj
Gunter and Weatherspoon line; thence
North 3-4 West 70 feet to a stake;
thence N, 87 1-2 W. 200 feet to a
stake, thence south 3-4 East 70 feet
to the beginning."'
This June 1, 1933.
. J, EL BRINN, Trustee.
D. B. Teague, Atty.
1 ■ -
NOTICE OF SALE
By virtue of the authority contained
in & dertairt deed of trust executed on
the 1st day of November, 1923, by
^Mrs. Belle Barnes, to Southern Trust
Company, Trustee, and recorded in
Book 20, page 39, of the office of
the Register of Deeds for Lee County,
default having been made in the con
ditions of said deel of trusty -the un
dersigned Trustee will, on the 1st
day of July, 1933, at 12 o'clock noon,
at. the Court Hou&e door of Lee Coun
ty, N/C., offer for,,sale at public auc
tion to the highest bidder for cash,
the following described property:
All those certain lands containing
63 3-4 acres, more or less, situated
on the cemetery Road, about 2 miles
from the town of Jonesboro, in Jones
boro Township, Lee County, N. C.,
and adjoining the lands' of A. E.
Kelly, Mrs. H. T. Morris, public road
and others, and beginning:
1st. Tract: At James A. Melver's
comer, gum and pine pointers, runs
S. 56 degs. E. 19.50 chains to a stake
N. 78 degs. E. 32 chains to a stake
in an old field, pine pointers; thence
in an old field, thence N. 49 degs. W.
19.50 chains to a stake? pine pointers;
wicuce n. uo uegs. w. zo cnains to a
stake, red and post oak pointers, cor
ner of Lots No. 1, 3 and 4, A. E.
Kelly and James A. McJver; thence
with James A. Mclver line S. 25 degs.
W. 22.25 chains to the beginning, ex
cepting 3 acres sold off of raid tract
to M. A. Morrisl by deed dated April
25th., 1904, and recorded in Book 33,
page 320, Registry of Moore county
and 15 1-4 acres sold off to H. T.
Morris by deed dated March 19th.,
1912, and recorded in book 22, page
247. This tract of land was conveyed
to Isabella M. Barnes by E. M. Mc
lver in deed datod Feb. 18th., 1904,
recorded in deed book 1, page 589 for
Lee County.
2nd. Tract: Adjoining the above
tract and beginning at a stake, Hunt’s
and Godfrey and Morris’ corner, pine
pointers; thence S. 61 degs. E. 9.50
chains to a stake by the side of the
public road; thence with said road
near N. 7 degs. E. 7 chains to a hick
ory by the side of the road; thence S.
78 degs. W. 9.54 chains to the begin
ning, containing 3 acres more or less.
This tract was conveyed to Isabella
M. Barnes by Mrs. M. A. Morris and
husband in deed dated April 25th.,
1904, recorded in deed book 1, page
590, for Lee County.
A deposit of five per cent of the
amount bid will be required of the
successful) bidder at the hour of sale.
This notice dated and) posted this
27th day of May, 1933.
Southern Loan & Insurance Co.,
Trustee.
By Worth & Homer,
Attorneys.,
NOTICE OF RE-SALE OF
VALUABLE PROPERTY,
By authority of an Order of W. G.
Watson, Esq., Clerk Superior Court
of Lee County, North Carolina, and
under and by virtue of authority of
the power of sale contained in a cer
tain deed of trust registered in the
ofifice of the Register of Deeds for
Lee County, North Carolina, in Book
127 page 33, default having been made
in the payment of the notes by said
trust deed secured, and due demand
havi:ig been made upon the under
signed to exercise the power of sale
contained in said deed of trust, the
undersigned Trustee will on Friday,
the 9:h day of June, 1933, at the hour
of tea o’clock in the forenoon, at the
Lee County Court House door in Lee
County, North Carolina, offer and sell
at public auction, to the highest bid
der, for cash, 'the following described
real estate:
In Sanford, bounded by a line be
ginning at the Southwest intersection
of Gordon and Steele Streets, and
running thence Westward with the
line of Gordon Street 100 feet to a
stake; thence in a Southernly direc
tion and parallel with the line of
Steele Street, one hundred twenty feet
to a stake, thence in an Eastern di
rection and parellel with Gordon
Street 100 feet to a stake in the line
of Steel Street; thence as the west
ern line of Steele Street, in a north
ern direction, to the beginning cor
ner, be ng the same lot conveyed to
Occ’e Widdifield by deed registered
in the office of Register of Deeds for
Lee County iin Book 23, page 268.
Bidding on this property will begin
at the present bid as filed with the
Clerk of the Superior Court, at
$3618.25.
This May 24, 1933.
W. R. WILLIAMS, Trustee.
NOTICE OF SALE
Under and by virtue of the power
5f sale contained in a certain mort
gage deed executed on November 3rd.,
1932, by G. B, Kimrey and wife, to
R. S. Kelly, which is registered in.the
office of the Register of Deeds for
Lee County in Book 132 at page 3, j
lefault having been made iin the pay
ment of the same, the undersigned
666
LIQUID —TABLETS—SALVE
Checks Colds first day. Headaches or
Neuralgia in 30 minutes. Malaria in
3 days.
666 SALVE *>r HEAD COLDS.
Most Speedy Remedies Known.
. ■ ' ’■...» ~ - ,■ . .. ':..v „ \
will, on Monda;, June 19th, 1988, at;
12 o'clock noon at the Lee County1
Court bouse door,' expose ,to public
sale to the highest bidder for cash, ,
the following described lot of land: ;
A certain piece or tract of land If- .
ing and being in West Sanford, ad
joining lot of Gl B. Kimrey, Wiet
Sanford Township, Lee Coufrty, North
Carolina, described as follows', to^Wit:
.A certain lot or parcel of land in the
Town of Sanford, in. the plan or plat
of the surburban addition to laid
Town-known and designated as “H-t
mont,” bounded by line begiimi|ng at
the Northwest intersection of Endoi;
Street arid Washington Street, and . ■
runs thence with the West line of En
dor Street 75.7 feet to a stake thence;
parallel'with the Northern line of
Washington Street 180 feet to a stake;
thence Southwardly and parallel with
the line of Endor Street; thence with -
the North line of Washington Street ■
180 feet to. the West side of Endor '
Street.
This the 18th day of May, 1933,
R. S. Kelly, Mortgagee,
E L. Gavin, Aftty .
ELECTRICAL
CONTRACTOR
Call me for house wiring and re- 'j
pairs of all kinds. Irons, vacuum
cleaners, motora, etc. Work guaran
teed and the price reasonable. ’
M. D. FOISTER
TELEPHONE 216
In Walker’s Shoe Shop op. Car. Hotel
7 ROUND TRIP
EXCURSIONS
SANFORD TO
Washington
Baltimore ...
Philadelphia-- — —
Atlantic City
New York-— —
__ $6.35
_$7.80
... $11.25
_$13.50
_$14.50
PROPORTIONAL FARES FROM
' ALL AGENCY STATIONS.
fickets Sold
ipril 14-15
Vlay 27, 28, 29
luly 1, 2 3,
August 4, 5,
Sept. 1 2, 3,
October 6, 7,
Nov. 28, 29, 9
Return Limit
April 22
June 3
July 8
August 12
Sept. 9
October 14
Dec. 7
lame Fares Apply Siouthbond on data
Shown Except May 29, July 3,
And September 3rd.
REDUCED PULMAN FARES
No Extra Charge far Two Passengers
To A Berth.
No Stopovers North of Washington.
Baggage Checked.
7ONE CENT
PER MILE
EXCURSIONS
SAME DATES AND LIMITS AS
ABOVE BETWEEN ALL
PIONTS ON THE
SEABOARD
And Practicably A1 Southeastern Des
tinations.
EXECUTOR S NOTICE
Having qualified as Executor of
the Estate of Harvey C. Renegar de
ceased, late of Lee County, North
Carolina, this is to notify all persons
having claims against the Estate of
said eceased to exhibit them to the
undersigned at Raleigh, North Caro
lina, on or before the first day of
April, 1934, or this notice will be
pleaded in bar of their recovery. All
persons indebted to said estate will
please make immediate payment.
This the 28th day of March, 193^.
Wachovia Bank & Trust Co.,
Executor of the Estate of
Ilarvey C. Renegar, Raleigh, N. C.
NOTICE OF ADMINISTRATION.
Having qualified as administrator
of A. T. Gunter, late of Lee county,
North Carolina, this is to notify all
persons holding claims against the
said deceased to exhibit tly1 same,
duly verified, to the undersigned at
his office at Sanford, N. C. on or be
fore the 23rd day of March, 1934, or
this notice will be pleaded in bar of
their recovery. All persons indebted
to deceased will make immediate
settlement.
A. I. GUNTER,
Administrator of A. T. Gunter,
deceased.
K. R. Hoyle, Attorney.
We Are Equipped
_ to handle your
INSURANCE
REQUIREMENTS
Give us a chance.
CROSS & BRINN
DR. J. C. MANN.
EYESIGHT SPECIALIST
Will bo at his ones 0*«r Post Of ^ ,
Acs, Sanford. N. C, EVERT *ib>
NESDAY from 10 A. f tslF.IL
■ ■ --01