The Enterprise ami Friday by the ENTERPRISE PUBLISHING CO. Wn.l.IAMlTOW. NORTH CAROLINA W. C Mi III Edit* SUBSCRIPTION RATES (Strictly Cash in Advance) IM MARTIN COUNTY Oaa yum - ILM gm i -| Jl OUTSIDE MARTIN COUNTY? MM 1.00 Received lor Laaa Than ? Month Card Famished Upon Request Entered at the post oil ice in W illiamston, N. C., as second-class matter under the act of Congress of March 3. 1879 Address all communications to The Enterprise and not individual members of the firm. Tuesday. October 27, 1936 Just Taxation Occasionally bobbing to the top through a thick covering of endless words about the political campaign and the king s affair over in England are the proposed we are prone to maintain in its antiquated form while we would change the l". S document to include the three A s and several other New Deal measures. Attention is apparently centering on the (iroposals to make possible the classification of property and aiiow a homestead exemption up to $1,000. The con stitution says that all property is to be taxe^equally, but is it being done and can it be done, under the present constitution and laws? The man with an ex tra $1,000 or so is invited by his government to in vest it in tax-exempt bonds Money invested in cer tain foreign slocks escapes taxation. With these loopholes always available, the owner of such in tan gible wealth can hardly be censured for investing it in tax-free securities, especially when the tax would more than offiet income should be depend on inter est to pay the tax Probably a small tax would in vitr the owner of money to keepl it at home, list it for taxes and allow him to make a -mall proht and at the same time help local industry. There are probably fewer loans advanced locally on farms and homes in this section than in years, those possessing money choosing to place it in government bonds and foreign stocks rather than lend it at home subject to a tax rate that would devour the profit. If there were no loopholes and money and all classes of intangible property could be placed on the tax books, then there would be no justification for a classifica tion as prupusrd in amendment number three to the constitution of our state. While the taxing authorities are opposing the pro posed homestead exemption amendment, the propos al is directed in behalf of those who need relief prob ably more than any othr class. Hie taxing laws have drivrn hundreds from their humble huts, and a cas ual review of the records clearly prove that the small property ow-ner is (laying far more than his propor tionate share of the tax burden The larger the piece of property, the smaller the valuation is in propor tioa to small lots of (>ro(ierty. A $50,000 piece of pruprnv hard!) gels on the tax books for one half of its valor, and :h. average WOT run nearer $15,000 or $20,000. The $1,000 piece of pro(ierty, even if it is listed at one haif its true value, enjoys freedom on $500. while the I 'lg piece of property goes exempt to the extent of $25.00 Hut the general rule, one will find, is to list small (xircels of (iroperty higher in pro portion to big chunks of property. That the $1,000 proposed^ exemption?and there is no reason to believe that the maximum will be al lowed the first year?will raise taxes is not altogether certain. Each year the towns and counties have un paid taxes amounting to thousands of dollars. Most of these unpaid accounts are due from those who have real estate valued at less than $1,000. If these taxes 11 paid, or if the taxing units take over the (irop D'j. If* money for running the governments must come from other taxpayers, for it is apparent that the taxing authorities allow for uncollected taxes in mak ing up their tax rates. Surely the town or county would not upset financial equilibrium by assuring small owners the continued right to live in their own homes, for once these proph age driven out they become public charges and sooner laler constitute a greater burden on the county than they would if their homes were exempt of taxa tion up to $1,000. As it is now, the wage earner is paying a sales tax *^IDS' oqnal that of the rich man. and in proportion to his property holdings he is poying a considerably kg^er property tax. All this is being dope while the constitution says that all property is to be taxed lay not belter the sil but they certainly cannot make the taxation ! than it is today, especially for the class 1 lots of property. Costly Neglect > they Met certain requirements this week, a pwy of Martm County farmers will lose several thousand dollars in soil-cooservation payments. Over 1^00 farmers in the county decreased their crops in program, but more than 100 to io0-ronssrv ing crops, and they will not receive the full amount under the agricultural program. The county agent's office has notified each of the farmers, explaining that certain requirements have not been met, but still there are many who have ig nored the warnings. Soil-conserving payments trill start pouring into the agricultural sections shortly, nod these farmers who have failed to meet the con tract terms will no doubt be disappointed when they are penalized Doubless some of them trill even at tack the program and consider it unfair. It is up to the farmer himself, and if he neglects to meet the requirements, he will find the negiect a bit costly. Lest We Forget The Watauga Democrat. Do you remember February, 1933? .Ml over North Carolina, all through the nation, there was fear. Hunger was almost as widespread. "The banks are going to close,' men whispered to each other. ' ? "No help wanted," was the answer to men whose children were crying for food. "No more credit, I'm broke myself," said the mer chant to the farmer in his "Hocrvercart." Terror gripped the entire nation. In cities mount ed policemen rode down men, women and even chil dren who were rioting for food. National Guard units were ordered to stand by for trouble. The federal Government was paralyzed. America looked franti cally for a leader. Do you remember the first of March, 1933? Housekeepers were hoarding food. Men worked feverishly in the darkness to bury what money they had. Banks crashed, checks bounced. Credit was wiped away. Neither a man's word nor his bond was worth anything. Movie theatres were vacant. The streets were filled with vacant stores. Towering stacks stood grim and gaunt against a smokeless sky. Machinery stood idle and rusting. An ominous silence spread over a na tion of 120,000,000 frightened people. From the depths of their dire agony Americans cried: "Save us!" Then, from the City of Washington, came the voice that spuke in the night. It sped through the air lanes to the firesides of a million homes. Its vibrant ring permeated every section of a broken nation. Calm, confident, courageous, Franklin Delano Roosevelt spoke to the people of the United States! Here, at last, was the leader who could lead. Here, at last, was the man America had been waiting for. No president, no king, or emperor, or cear, ever faced a more fateful challenge. Here was chaos in its most dreaful form. Here was blinding and paralyz ing fear. Here was a place where one false move would be fatal. And yet the desperateness of the sit uation cried for action?instant, clean-cut action. Franklin Roosevelt gave America action in its great est hour of need. With incredible swiftness, and in spired wisdom, he hushed the hysteria of a panicky people. Within one week after his memorable inau guration hope returned to the United States! The "hard beginning" was hard, indeed . . . Now, look at America as we find it in the fall of 1936: The great American industrial machine is humming an old-time tune. Farmers not only are safe for the present but have a future brighter than at any time in our history. These United States have come back. Confidence and optimism are paving the way for a new and greater happiness. A large number of unemployed remain to keep alive a bitter memory and to remind this country that the iob is not completed yet. Franklin Roosevelt has brought us far along the way?and victory is in sight. There are no food riots and bank crashes and mon e> hoarding and paralyzing fear now. This is America of the New Deal and the New Day. This is an America punished for its sins and (earless for the future. This is an America moving rapidly to ward a higher conception of human rights and social responsibility. This is an America buying priceless progress for a nominal fee. Better a debt and a people restored to pay it than no debt and hunger?no debt and revolution. How have the New Deal millions been spent ? They have lieen invested in the safest stock on earth?the rugged stock of American wanhood To call this a waste ol money is to call the American'people a fail ure and to hold the future as hopeless. A desperate and beaten people in 1932; a confident and conquering people in 1936. What driving force brought all this? The answer?FRANKLIN D. ROOSEVELT. Taking the Profits Out of War France is beginning a system that will stop profi teering in arms and munitions of war. That nation proposes to take over the big manufacturing plants and manufacture their own arms and ammunition In time of war, our government claims the right to "press" or conseript a man into the service of its army or navy, regardless of whether he is willing to go or not. But when it comes to "pressing" or conscripting the property of our big manufacturers into the busi ness of making arms and munitions, they call a halt to the government's right to do such a thing. They say it is illegal, that they have made special prepare lions to manufacture arms ang ammunition and to make big profits in that business. And in former times the manufacturer has always carried his point because he has invested in private business, and he must be protected; while the man who has prepared himself to make a home and become a useful, honorable citizens has to surrender his aims, desires, and rights and bare his breast to the ballets by the manufacturers for profit. BALE OF UAL ESTATE Pursuant to and by virtue of judg ment of the Superior Court in the case of Tiner Biggs et als vs. Paul R8.19 Olivia Andrews, 1 Wash St vacant ' 1.48 Ruth Andrews, 1 Wash Road res 7.18 S. L. Andrews, 1 Elm St res, 1 Elm vacant 1350 Lucy Bagby, 1 Rhodes St res 7.05 Elijah Baker, 1 Hatton St res 13.37 Fred Sam Biggs. 1 Hatton St res 70 93 Eddie Watts Brown, 1 Wash St shop 10.18 Lucy Bryant, 1 Huff lot ' 1.76 Lou Bryant, 1 ACL HR St res 3.65 Eliaha Clemmons, 1 Sycamore St res 9.18 Paul Clemmons, 1 Sycamore St res 5.59 Gus Coburn, 1 White St res 3.87 Annanias Davis, 1 Jamesville St. res 6.40 Robert B. Davis Est., 1 ACL RR St res 7.2!) Adline Duggins, 1 Main St res 14.14 Gertrude Everett, 1 Rhodes St property 4.59 Henry F. Everett, 1 Sycamore St res 17.96 John Jack Everett, 1 ACL RR St res 7.29 Ida Faulk, 1 Elm St res 9.05 Rryant ftnlnnr. Fgt , 1 Ad. PP Rt 9.05 Lenora Giles, 1 Elm St res 3.85 J. D. Gray, 1 Smithwick St res 34.75 Alonzo Gurganus, 1 Biggs St res 4.73 Kathline Gurganus, 1 Warren St res 3.65 Emma Harvey, 1 White St res 5.40 Lizzie Hawkins, 1 vacant lot 1.89 E. J. Hayes, 1 Wash Rd res 10.80 G T. Hill, 1 Martin vacant 12.55 Nina Hodges, 1 Wash St res I 17.96 L. C: Hoggard, 1 Wash and Haughton 94 26 Harry Murt Howard, 1 Wash St res 21 40 Mary E. Huff, 1 Wash St res 10.80 Mary Hyman, 1 Wilson St res 9.05 Rebecca Hyman, 1 Broad St lot 1.89 Rebecca Hyman it Alice Harrison, 1 Hyman and Martin St prop 17.55 Augustus James, 1 Pearl St res 14.45 Elijah Johnson, 1 Hyman St lot 3.65 Ben Jones, 1 ACL RR St res 5.40 Henry Jones, 1 Sycamore St res 14.18 Nmiml Jones, 1 ACL RR res ??H&f O. C. Joyner, 1 Wash Road res 18 50 Claud Matthews, 1 Main St res 4.65 Isolene Meeks, 1 White St lot '*? L89. W. B. Mizelle, 1 Elm St res 23.01 Eliza Moore Estate, Main St property 18.09 Blake, Moore, 1 Main Sf lot 3.65 Edmond Ormond, 1 Rhodes St res and tenant . 19.58 Roy Ormond, 1 Sycamore St res 6 40 VjLJ^^rmond^^Rhode^S^res^54aii^^enantsJ|JAfasl^Rdja^^356 .Slc-i'.rr For you who seek unusual pleasure in your next high ball or cocktail there is a treat in store. The "double rich" Bourbon of Kentucky! Jfai&dk/ to PROOFS KENTUCKY STRAIGHT BOURBON WHISKEY COPYRIGHT lM, SCHENLEY DISTRIBUTORS. INC.. NEW YORK W. V. Ormond. jr., I Rhodes St tenant 610 Joe W. Peel, f Wash Rd res and shop 1560 Bruce Peyton, 1 Wash St property Lit Sudie Price, 1 Wash St property __ 510 W. H Price, 1 Hyman St tenant 11 1! Alice Purvis, 1 Center St res , ? 769 Caesar Purvis, 1 Broad St vacant MS Dora Purvis, 1 Broad St res lOJt George T. Purvis, 1 Hatton St res ? ' 765 Lizzie Purvis. 1 Main St lot -??- 65 Mittie Purvis, 1 Hyman St res - 7.16 Rosa Purvis, 2 Hyman St vacant .... . ? 4.46 Solomon Riddick Est.. 1 Riddick St tenant . 1M0 Frances Bsspass, 1 Elm St res 7.29 Millie Respaas Est.. 1 Elm St res 1X66 Lula Respaas, 1 Sycamore St vacant ' 1.76 John Rhodes Esta., 1 Main St property 10JW Jane Rice, 1 Broad St res 1660 Shepard Rice, 1 Sycamore St res 1266 Beulah Roberson, 1 Blount St lot 169 Rosa Roberson, 1 Broad St res 769 Smith Roberson, 1 Blount St lot 169 Cordelia Rogers, 1 Sycamore St res 1660 Rosa Rogers, 1 Pearl St res 1064 Paul W. Rogers, 1 Wash Rd res 1263 William M. Rogers, 1 Hatton St res end lot 9.43 Fannie Ruff in, 1 Main St res 0.03 Whit Ruffin, 1 Elm St res and tenant 1260 W. M. Ruffin, 1 Reddick St res 1363 Bessie Scott, 1 Church St tenant 663 Lizzie Slade. 1 ACL switch res 3.40 Louvenia Slade Estate., 1 Wash St lot 460 Mary Slade, 1 ACL RR St res 463 M. D. Slade, 1 White St res 11.40 Mittie Slade, 1 Elm St res 0.03 Sarah Slade, 1 Martin St res 9.03 Turner Slade, 1 White St lot 569 Adron Smith. 1 Wash St res 1675 Phillis Smith. 1 Main St res 9.05 Colfax Speller, 1 Main St res 1360 Matlie B. Speller, 1 White St res, 1 Wash Rd store 2067 Abe Spruill, 1 White St res ?665 AnnieUtaton, 1 Rhodes St. 1 Church St res 540 Wilson Staton. 1 White St res 569 Charlie Stokes, 1 Pearl St vacant _ 2.70 Tom Stokes, 1 Hyman Si res, 1 Sycamore St shop 1669 William Stokes, 1 Wash St property 694 John Levy Estate, 1 Sycamore St lot 169 Joe Wiggins, 1 Warren St res 5.40 Joe Wilkins, 1 Main St res 10.05 Isabelle Williams, 1 Wilson St lot 160 Dr. J. Williams, 1 Broad St res 33.49 Perlie D. Williams. 1 Hyman St lot 169 Joseph Wilson, 1 Hatton St res and lot 1960 Joe Woolard. 1 ACL RR res 6.48 Some of It May Be Your MONEY When we make loans, we are lending a part of our depositors' funds. Sound banking prac tice requires us to have every assurance of repay ment. A conservative credit policy is a protection for you as a depositor. It is a sign that the bank is well managed and a good one with which to do business when you, in turn, need credit as a borrower. This bank is always willing to make sound and constructive loans for the benefit of its cus tomers and the community. Branch Banking & Trust Company SOUN?"BANKING AND TRUST SERVICE FOR EASTERN CAROLINA Rivers D. Johnson State Senator, of Warsaw, N. C. WILL MAKE A Democratic Speech AT THE COUNTY COURTHOUSE In WILLI AMSTON WED. NIGHT October 28,8 P.M. Mr. Johnson is an excellent speaker, and the public is cor dially invited to hear him. ELBERT S. PEEL / Chairman, Democratic Executive Committee