PAGE 8
I THE TORCHJ
::: A department'conducted for j
The Warren County : |
Memorial Library
By MABEL DAVIS
The Librarian
We Accept With Pleasure
Will Rogers, Ambassador of Good
Will, a biography by P. J. O'Brien,
1 nrri... TV/Tft/Hnme, nri j
?111(1 JCHiy i cai ^ ui xucuiuuic anu
Surgery, Dr. F. H. Martin's autobiography,
gifts from Mrs. John
Rodgers and Dr. H. G. Nicholson,
have been received during the week.
We have received, also, a table and
six chairs for use in our assembly
hall from Mrs. Joe Taylor. Agnes
Is a member of the Garden Club
and her valued gift comes to the
library in response to the Club's
call for assistance in securing seats
for the hall.
Beautiful spring flowers have
come to us during the week from
the gardens of Mrs. Arthur Petar,
Mrs. N. M. Palmer, Mrs. Henry
Montgomery, and Mrs. Gordon
Poindexter. The Flower Shop very
kindly supplied decorative plants
during the art exhibit.
Visit the Library Commission
Miss Georgie Tarwater and Mrs.
Baird, members of the staff, spent >
several days at the State Library
Commission in Raleigh last week J
studying improved methods of re- '
pairing and rejuvenating worn
books. After some needed equip- '
ment has been installed, we are go- !
ing to arrange an exhibit showing <
"before and after treatment" and
the process. Some of the worst
derelects on our shelves have <
emerged from their hands clean i
and shapely, but it takes time and 1
some outlay of money to recon- i
struct a badly worn book. Library j
supplies are expensive, so expensive ;
that we have not been able to buy ]
all we need. <
How Is Your Memory (
The library lends magazines (not 1
all libraries do, you know) for two ;
nights. That seems to us as long
as one person should ask to keep f
a new magazine when others are <
waiting to read it, but the poor I
memories of some readers causes 1
those on the waiting list annoyance <
at times, though the fine makes it <
all right with the library. One
borrower of the Reader's Digest,
the most popular magazine we receive,
kept a new number over time
and until a harrassed reader offered
to go for it. We gladly accepted
his offer and he drove
seven miles in the country for the
magazine. Disappointed would-be
readers have our sincere sympathy.
We, too, have waited.
HONOR ROLL FOR
(Continued From Page 1)
Peete, Harold Davis, Dorothy Burrows.
Tenth Grade: Sam Pinnell, Helen
Holt, Margaret Capps, Edna Montgomery,
Betsy Rodwell, Myrtice
Strickland.
Eleventh Grade: Leonard Daniel,
Thomas R. Frazier, Jr., Ethel Mae
King, Raymond Modlin, Virginia
Weldon.
PERFECT ATTENDANCE
HONOR ROLL RELEASED
First Grade:Mack Adams, Er- nest
Bolton, Billy Brothers, Joe ]
Fleming, Alfred Ellington, Wiliam 1
Glenn Fleming, Elon Whitby, Nel- 1
lie Davis Bugg, Sterling Moore, 1
Jane Reavis, Janice Fleming, Mil- 1
ton King, Charles Loyd, James 1
Robinson, Horace S. Shearin, Wil- liam
F. Thompson, Titus Vaughan, ]
Wheeler Whitby, Susie King, Vic- ]
toria Wright.
Second Grade: Walter Jones, i
Lottie King, Margaret Loyd, Kitty ]
Rose Neal, Eloise Parker, George j
A. Robinson, Viola L. Skillman, Elizabeth
Weston, Mary Weston, ]
Maurice Palmer Ellington, Gid
Himt Wright, Helen Cheek, Odell ,
Cox, Olive C. Overby, Mavis (
Vaughan.
Third Grade: Mildred Adams, j
Edith Allen, Estelle Boyce, Ruby j
Harris, Eula Inscoe, .Beaufort S.
Williams, Ben Carpenter, Alton J
Hom Pintle A flvprhv P.lqv Pow
AAOri v/ml v?W v t v? ) w-v.^ ? ?- ?
ell, David Pridgen, Loyd Rivers .
William King, Fayette King, Janet ,
Crinkley, Joel Cawthorne, William !
Neal, Gene Wilson, Harold Wilson,
Dorothy Odom. ^
Fourth Grade: Edwin Bugg, Walton
Parker, Gordon Poindexter,
f
Nathaniel Harp, Jesse Overby, Wes- ;
ley Snipes, William Thompson,
Katherine Frazier, Odessa Harris, '
Mary A. Modlin, Jane Peete, Lucille
Tharrington.
Fifth Grade: Mae Brickhouse, ;
Ruth Helen Corbitt, Doris Harris,
Nancy Juoya, iTina tteia, uenruutRivers,
Nancy Moseley, William A.
Connell III, William Davis, Chesson
Harris, Horace Hedgepeth,
Macey Pridgen, William Reici, Clifton
Allgood, Eddie G. Hamm,
Eugene Odom, Walter Robertson,
Cary Weaver, Mary Evans, Mildred
Evans, Molly Bet Robinson.
Sixth Grade: Billy Bugg, Van
Davis, Thomas Dillard, Prank Gal
Warranto^ Nartfc (MIm
THIS WEEK
In Washington
^ Washington,
March 16?The out
lock for adjournment of Congres
before June 1 gets slimmer. Th(
main thing that is going to eat uj
time is working out a new tax bill
That a very large amount 01 additional
tax revenues must be founc
somewhere, and that quickly, is nov
regretfully admitted by members o:
Congress. At any time the problen
of taxation is a delicate one. Important
new tax systems have to be
discussed and considered irom manj
xngles besides the question oj
whether they will raise the monej
leeded .
rhat sort of xliscussion has al.
eady begun in regard to President
Roosevelt's proposal to levy a tax
upon the undistibuted surplus oi
orporations. That would mean that
liquid funds in corporate treasuries,
which are being held as reserves
either against a falling off in busiiess"
or to finance improvements
and extensions as business picks up,
would be drawn upon as a new
ource of revenue.
The President's proposal is to
abolish the existing taxes on corporate
incomes, excess profits and
capital stock, which now produce
a revenue of about $1,000,000,000 a
oor oriH insf.parl lew a tax which
is estimated at about one-third of
heir total on the corporate reserves.
This, the Treasury figures, would
imount to about $1,600,000,000, thus
increasing the Government's in^me
by $600,000,000.
Viewing New Tax Plan
The question of how the Presiient's
plan would work out is what
is puzzling members of Congress.
First, would it cripple corporations
.vhich have accumulated large surpluses?
Second, would it result in
in immediate distribution of large
proportions of those surpluses in
he form of dividends to stockholders,
and so reduce the total to a
joint where the expected tax revelue
would net be iorthcoming?
It is pointed out on one hand
hat these surpluses are the property
of the stockholders and ought
X) be distributed to them in the
:orm of dividends. If that were
ione, they would be taxable as inlividual
incomes.
On the other hand the argument
s set up that only the existence of
arge undistributed surpluses has
enabled mnay industries to carry
:n, to keep their plant equipment
up to date, continue to employ
abor, and pay dividends to stocklolders
during even the depths of
he depression, when they were ac;ually
running at a loss. How far
oway, H. P. Hedspeth, Julian Kline,
Wayland Modlin, Charles Peete,
Pitzhugh Read, Simon Terrell,
3ertha Ascue, Lucy Lester, Mavis
Serls, Dorris Norris, Edmund Neal,
J. B. Thompson, Frances Odom,
Bessie Powell, Flora Belle Hardy.
Seventh Grade., Samuel Algood,
Dlarence Benson, John Fleming,
Palmer King, James C. Moore, Ann
Macon, Mattie W. Blalock, Isabel
Allen, Clement H. Weston, Joseph
r. Vaughan, James Stallings, Nancy
Peete, Aleith Powell, Pearl Roberts,
Panthea Stewart,, Gladys Wright.
Eighth Grade: Addie Gupton,
Mavis Gupton, Marjorie Hardy
Francis Hicks,, Margaret Hicks,
Lucy Odom, Jennie Ruth Odom,
Lucille Pinnell, Hilda Lee Powell,
Catherine Pridgen, Rosa Robin;on,
Nina Shearin, Ellen Stewart,
Kitty Wilson, Minnie Wilson, Irma
Liimer, Carl Ayscue, George Aycock,
Alfred Bell, Jimmy Boyce, Robert
Brickhouse, Junior Conn, Frank
Daniel, Walter Kidd, James King,
rhurston Medlin, Randolph Miles,
Carlton Modlin, Alpheus Moseley,
David Overby, Donald Reavis, Niles
Serls, Arthur Williams, Wilbert
White, Milton Wilson, Presley Williams.
Ninth Grade: Robert Davis, Samuel
Inscoe, Edgar Limer, Leslie
Dverby .Stanley Shearin, Elizabeth
Boyce, Dorothy Burroughs, Isabel
liimer, Jessie Collier, Mildred O'Neal
Doris Phipps, Ezel Porter, Vera Mae
Reavis, Lois Reid, Julia Rhem,
Dora Lou Strickland.
Tenth Grade: John Cawthorne,
McRobert Daniel, Oren Flowers,
3am Pinnell, Charles Tucker, Ralph
Williams, Mary Agnes Alston, Estelle
Benson, Mary Delia Davis, Ada
Fleming, Margaret Frazier, Julia
Hamlet, Heen Holt, Edna Mont
jomery, Kelly Moseley, Ella Pinnell,
Prances Pridgen, Elizabeth Rodwell,
Myrtice Strickland, Jean Williams.
Eleventh Grade: Kenneth Ayscue,
Katherine Bell, Lloyd Brothers, Ida
Burroughs, Jeanette Cohen, Roy
Daniel, Leonard Daniel, Christine
Davis, Pattie Edgerton, Thomas R.
Prazier, Jr., Ethel Mae King, Sidney
Kline, Gordon Limer, Katherine
Limer, Raymond Modlin, Jr.,
Sara Palmer Moore, Florence Neal,
Dell Overby, Mary Howard Palmer,
Virginia Powell, Edith Rhem, Junius
Stallings, Stephen Rodwell,
Charles Lee Terrell, William Ward,
Virginia Weldon, John Williams,
Mildred Mabry.
TH1
r Spring Coats, with
?^?? VvXMBOCTViW.wASwQy VKK- ^BL. rVHflMl^H
A --XftXvXvN,.'.v. '. Jv'. .wf?. Tff ^iMfli
NEW YORK . . . Fashion desig
their furs or leave them alone in
a self-checked gray woolen, three-q
sleeves, trimmed with a flattering
1 is an imported navy woolen coat,
bloused waistline. Both hats are of
I ?
i can that protective reserve be
- drawn upon without incurring the
risk of serious damage to industries
and increasing unempoyment?
These are serious questions, and
are being taken seriously by the
members of both Houses.
Looking Ahead
The best guess now is that the
Presiden's plan will not be adopted
in its entirety, mainly because there
is not time between now and the
political conventions to examine all
of its implications. There probably
will be some experimental tax on
undisturbed surpluses, but existing
corporation taxes are not. likely to
be repealed, although they may be
scaled down.
Resistance is very strong to any
increase in individual income taxes
except in what are termed the
"upper brackets." Incomes in ex-j
cess of $10,000 net a year may be
taxed at a higher rate than at present.
There is also a strong indication
that thoro will hp mnnv excise
taxes.
There is little likelihood of higher
taxes on liquor and tobacco. There
is much more likelihood of new
taxes that will increase the costs of
food and clothing.
The President has asked for
nearly $800,000,000 more a year in
new taxes. The chances are that
Congress will vote about $500,000000.
This will not be enough to
balance the budget of ordinary expenditures.
Neither will it include
anything for the continuation of direct
Federal relief activities.
Somewhere between $1,000,000,000
and $2,000,000,000 will have to
be provided for relief for the next
fiscal year. Whatever it oomes to,
that and the budget deficit will
have to be made up by additional
Government borrowing. The prospect
does not frighten Washington,
in view of the eagerness with which
the money market took up more
than $1,000,000,000 in a new Government
loan a week or two ago.
New Farm Act
No very definite program for the
administration of the new Farm
Act has yet been formulated by
Secretary Wallace, who is in charge
of its administration.
1 The HUN'
I
A Newspaper Wi
>
VOL. VIII March 2
i
1 WE KEEP CRAZY CHRYSTALS
I
c
> We welcome a new hay(
IS member to our firm selecti0n
-little Miss Stewart sortmjent
Crinkley, born yesterday
morning at EAS
4 o'clock.
? CA
! As much as wo enS
l?y , MaJor That the
Bowes fell down on
i his program in lion- are mac*
I or of North Caro- lingsworl
j lina Sunday night, guarante
i ?
| The world seems to nessj
be topsy-turvy with 1/, to 2
j snow in the spring|
time and floods hi Also an
i the mountains of line of Bi
I North Carolina. for the 1
j
i
i "Take advantage of
| the little lopportu- ?
j nities (such as we IW
j offer here) and you
won't need to wait
| for a big one." Telephoi
HUNTER DR1
SERVING THE PI
PRESCRIPTIONS CALLE
E WARREN RECORD
'Of without, Furs
SBfinrffWM >o? aSosoaSaay cfWSww&^wffi ' ' SE^ww.'-X
HMB v v"''v^^.--'^w.''!
ners say smart dressers can have
Spring coat styles. Above, left is
uarter length coat with full draped
collar of blue dyed fox. . . . Right,
sans fur, with bishop sleeves and
^t^w^iavyandveiled.
There will be no contracts with
individual farmers specifying how
much each may produce, as under
the AAA. Some system of bonus
payments to those who voluntarily
retire acreage from cultivation and
plant it to soil conserving crops of
a nature that will not disturb the
market for farm staples is what is
contemplated.
It is not an easy thing to figure
out a system that will accomplish
the objective of taking 30 million
acres out of cultivation and distribute
$500,000,000 to fanners for
doing so.
HIGH WIND BLOWS
(Continued from page 1)
school building, he said, and iiave
kept the children there supplied
with food.
About 200 children have been
taken into private homes in Newlands,
about 50 are staying in the
schoolhouse and about 50 more are
in a storehouse at Montezuma, it
was said.
The children are pupils in a
consolidated school and were marooned
when the blizzard prevented
their being returned in school
buses to their rural homes.
Raleigh, March 19.?State highway
forces Thursday were making
j every effort to open main roads in
: Western North Carolina which are
j blocked by snow, marooning school
| children at Banner Elk, Newland
and other places, Chairman Capus
| FOR SALE |
f Plow Casting - Seed Pota- fj
it toes - Garden Seed
] Hay - $1.10 per hundred If
1:1 Cotton Seed Hulls, 55c
if per 100 lb. bag
:ij Seed Oats - 5 bu. bag . $3.35
COME TO SEE US
II MACON GROCERY |
COMPANY H
if Phone 4 - Macon, N. C. ff
if ff
rERGRAM
thin A Newspaper
0, 1936 No. 12
AT ALL TIMES-?60c AND $1.00
i for your That the element of
a big as- chance is fascinating
0f is evident by the
interest shown in
5TER jack-pot n ght at I
the local theatre.
NDY ?
Prom what we hear
se candies from our friends in
e by Hoi- this drug store' this
,, . is one of the wettest
is your gpgjjg
since eighteen I
e of good- something.
We carry hair tonic
lb Boxes as well as other
attractive]klnds "'J!""5'
Carts 11116 sPrin8 weather
addles. we had last week
f carried several to
the golf course for
tennis and golf, if
you need any liniment
givte us a
'call.
ies 5 and 6 '
G COMPANY
JBLIC FOR GO YEARS
- ??? nn mrppn
U rutt Anu i,
jl
m
Vkn
Soil Program To
Check Big Surpluses
]
The primary objective of the new
soil conservation and domestic allotment
act is the wise use of land |
but its ultimate objectives are mare ,
far reaching. ,
"By conserving our soil resources
and putting our land to better use," '
said Dean I. O. Schaub, of State
College, "we hope that the producof
basic farm commodities will be
held In check." Under the new
plan, he said, it will not be possible
to control the crop production
of individual farms, as under the
AAA, but it is believed the program
will tend to prevent serious over- 1
production and its consequent de- :
moralization of prices.
The act provides for government
grants to farmers for growing
erosion-control and soil-building
crops such as legumes and grasses '
rather than soil-depleting cash
crops.
Anv farmer who wishes to im
prove his land, and shows evidence
that he follows the provisions
of the program, will be eligible
for compensation from the government,
the dean added.
It was realized, he explained,
that many farmers could not afford
to reduce their cash crops and
increase their grasses and legumes
without some financial aid.
The basis on which the payments
will be made have not been determined
at present, he continued, but
it will probably constitute several
methods so that the payments will
be as equitable as possible to all
growers.
Special consideration is being
given toe small farmer in view cf
the fact that many felt the old
AAA failed in some respects to
m*TT^ Viitvi on doiiqI hroolr wif.h f.hft
glVC llilll mi LV^UUI n*w?*
large planter.
M. Waynick said.
"We are using all the hand la- i
bor and machine labor we can in r
the Newland vicinity where drifts'
are 15 or more feet deep," he said, j
"and the Asheville division office j
has been directed to secure all rein- |
forcements needed for the regular j
forces." )
Meanwhile, Lee A. Denson, in,
charge of the United States Weatii- ,
er Bureau here, warned of East- !
ern floods. They weTe expected to
do little damage except to lowlands
which had been prepared for
planting, however.
The Roanoke was forecast to be
ft
l
RE
| giti:
at Warrenton, North Caroli
the 4th. day of March, 193
==
Loans and discounts
United States Government
Other bonds, stocks, and
TOTAL LOANS AJ
Banking House, $12,206.92;
Real estate owned other
Cash in vault, exchanges, c
Other assets..
TOTAL ASSETS-.
Deposits of individuals, pari
or within 30 di
Time deposits of individual
30 days or subji
J Public Funds of States, coi
other political
Deposits of other banks, ca
travelers' check
SUMMARY OF IT!
, (a) Secured by pie
(b) Not secured by
(c) TOTAL
Interest, taxes, and other
Other liabilities
Capital account:
1 (e) Common stock,
(f) Surplus
(g) Undivided prof
(h) Reserved for (
I TOTAL, including
State of North Carolina,
County of Warren, ss:
John G. Mitchell, Cashi
Citizens Bank, each persona
for himself, says that the fo
Sworn to and subscribe*
the 18th day of March, 1936
(Seal) Mary
My commission expires
m
14 feet at Weldon Saturday, 13 feet ]
above its bank level. . j
PITTSBURG BEARS BRUNT '
OF PENNSYLVANIA FLOOD '
Turgid flood waters unleashed 1
?
by rains and spring thaws swept '
through Pittsburgh, Pa., the nation's
steel capital, and scores of
lesser cities and towns throughout
the East Wednesday night, paralyzing
rail and highway traffic,
endangering hundreds of persons,
and causing incalculable property
loss.
Thousands were homeless, some
50 were known and reported dead,
and pleas for help from scores of
cities were inundating Federal relief
agencies which were mobilized
by Presidential order.
Looting and profiteering were reI
|; |
j S 1 Warren
| !: | PHONE 212 1
I | | PROGRAM WEEJ
7? $ & MATINEE E'
If !ii :
jj I I Mon.
Li i:i v Leslie Howard
11 jj | "Petrified
SI jj || Tues
|| m Paul Muni - Jose]
jj I j |; "Story of Lo
jl| jj| i|i Wedn.
? JACK POT N
I!| iii J! Barton MacLam
E|| |j "Man o
11III it Thuri
jl | iii 1 I Claude Colbert jjf
jj| "The Bride C
jji iij || Fric
7|i iii ! ! Gene Raymond-M
H iii j; "Seven Keys
- | o Satur
lit li; o Dick Foran - ?
|| iii ||| "Moonlight 01
P I li
r=dr=dr=Jrrdr=lr=lr=dr=Jr=
PORT OF THE CONDITION OF TH
ZENS By
na, to the Commissioner of Banks, at
'6. I
ASSETS
obligations, direct and | or fully gu:
securities
SD INVESTMENTS (Items 1 to 4).
Furniture and Fixtures, $1.00
than banking house
ash items, and balances with other bi
LIABILITIES
terships or corporations payable on d(
ays
s, partnerships or corporations payal
ect to more than 30 days' notice
mties, school districts, municipalities
subdivisions - .ch
1pf?prs rvf rrpriit. cprt.ifi pH rrfficers
s outstanding
SMS 12 to 16, inclusive:
dge of loans and | or investments,
pledge of loans and | or investment
DEPOSITS
expenses accrued and unpaid
200 shares, par $100 per share
its?net. -
xmtingencies
capital account..
ier, V. P. Ward, Director, and C. R. 1
lly appeared before me this day, and,
regoing report is true to the best of fc
I before me this JOHN
V P
E. Grant,
Sept. 5, 1936. q4
Notary Public
FRIDAY, MARCH 20,\A
sorted in Pittsburgh and
,own, scene of the 1889 flood wj
caused more than 2,000
3uffering from cold and erZj
pas widespread.
Slate, Tile & Built.Up
Roofing; Heating.
Air^Conditioning
Tanner Roofing
Company
HENDERSON, N. c
gilrairalirrl^iS^
mmsasmm.mz | |?
Theatre 1 I 1
(VARRENTON, N. C. | ? |l
C OF MARCH 23 I jj f1
VERY DAY
^ ^ ^ I
- Bette Davis | jj M
I Forest" | | |l
phine Hutchinson I 5 ;!
uis Pasteur" | H ji
esday g jj Jfl
nGHT $40.00 I H ;?
b - Mary Astor J | ofl
f Iron" | ? ;|1
Fred McMurry I H ol
omes Home" I |
argaret Callahan ! I Jj
to Baldpate" | \\m
Iheila Manners f H cfl
i the Prarie" | H ofl
=3
\NK J
the close of business, on
$ 148,645.64 ,1
aranteed 144,146.25
123,048.37
$415,840.26 jfl
12,207.92 I
9,342.45 .1
anks 582,508.15
560.77
$1,020,459.55
j
nuca sa?3* I
"e a,Mr 3.0,293.20
'or ?
? 50,727.08
, and
2.49o :>3
$ 40,762.50 m
S- 908,089.35 W
$948,851.85 I
.,..$20,000.00 M
... 40,000.00 Kj
.... 3,457.97 JE
?- 6,000.00 69,457.97 S
$1,020,459.55 fl
Rod well, Director of t&?
, being duly sworn, e&c fl
lis knowledge and bo1 e
G. MITCHELL,
WARD,
Director
RODWELL,
Director
1