Nations Industry
Greatlv Influenced
By Three Families
Voting PoMer Concentrated
In Hand* of One Percent
Of Stockholder*
Three families, the Rockefellers,
the duPonts and the Mellons. have j
shareholdings of almost $1,400,000
000 which are "so placed as to give
them considerable influence if not
control" over 15 of the 200 largest
non-financial corporations in the
United States, according to a report
made to the Temporary National
Economic Committee. Since the re
port limits itself to, non-financial
corporations, it does not deal with
the holdings of financial houses such
as J. P Morgan's or the additional
concentration that results from
pyramided banking control.
Thirteen families, including these
three, are reported to hold stocks,
amounting to $2,700,000,000 which
represents eight per cent of the to-1
tal shares in these 200 corporations
The twenty largest shareholders in
each of the 200 corporations aver
aged about a third of the total stock,
and the majority voting power in
these corporations is found to be
concentrated in the hands of about
one per cent of the stockholders.
These facts from the\report were
given out by Senator O'Mahoney.
chairman of the Monopoly Commit
tee. The report itself which was pre
pared by the Securities and Ex
change Commission has not been
made public, and Senator O'Mahon
ey explained that he was citing these
few findings from the report only
because ~a leak" had already occur
red
The report pulls the props out
from under the belief that stock own
ership is widespread and concludes
that less than 9.000.000 individuals in
this country hold even a single share
of corpoiate stuck Must of these
persons have only small amounts
f stock and receive only a minor
fraction of the dividends paid out.
Ten thousand persons, represent
ing 0.008 per cent of the population,
own one-fourth of all corporate
stuck: and 75.000 persons, represent
ing 0 06 per cent of the population,
own one half < f all corporate stock
outstanding At the other end of the
scale, the report finds that half of
the stockholders get annual divi
dend- of less than $100. Less than
hall a million persons derive a sub
stantial share of their income from
slock dividends.
Foreign investors at the end of
1937 held common stock amounting
to $1,800,000,000 and preferred stock
amounting t > $200,000,000 in the
largest non-financial corporations in
this country.
Matt rent-Making Project
Progressing Satis factorib
The mattress-making project for
low income farm families is pro
gressing satisfactorily in Mecklen
burg County, reports L. B Barbee,
assistant farm agent of the State
College Extension Service
W B Jones, assistant farm agent
of Granville County, says it is al
most amazing the way farmers of his
county have turned to livestock,
poultry and other live at-home prac- I
tices this ye;
*
Here's Royals
CARAMEL
NUT CAKE
WHYS
raw mik?
wca*
Two ?mooth-textured, yellow
layers, separated and topped
with delicious Caramel frost
ing. It's light . . . rich . . .
good. Ask your grocer for
Royal's CARAMEL Cake.
ROYAL BAKING COMPANY
RALEIGH, N. C.
Still Selling Tobacco
Ami vm' arc having fairly large kuIcn every day
with prieeK aw strong aw any market in the state
ALL TOBACCO MARKETS WILL CLOSE
Monday, Nov. 11th
TO OBSERVE ARMISTICE DAY
Our market will remain open for several days
yet. so sell the remainder of your erop with the
RED FRONT and CENTRAL WAREHOUSES
in ROBERSONVILLK.
We Have
FIRST Sale Tuesday
At The RED FRONT WAREHOUSE
JIM GRAY, ANDY ANDERSON and CHARLEY GRAY
Props. Red Front & Central Whses. Robersonville
Ancient Athens Threatened by Italian Bombs
Threatened with destruction from the air in the war between Greece and Italy, thia it the hiitoric and
beautiful city of Athens, capital of Greece. Rising precipitously in the background is the Acropolis,
crowned by the ancient Parthenon.
V. F.W. Honors Head G-Man
In recognition of his "courageous and intelligent leadership in the ex
posure of fifth column sabotage of American ideals and institutions,"
J. Edgar Hoover, F. B. I. director, receives a gold medal from the Vet
erans^TomgriHRTarsT-]^^ presentation in Hoover's Washing?
ton office is V. F. W. Commander-in-Chief Joseph C. Menendez (right),
of New Orleans.
C.rrtijietl Irish I'ototo iwed
Trow* Worth To !?roirvr
From one bushel of certified Irish
potato seed, Howard Bradley, of
Smithbrkige township in Macon
County harvested 20 bushels of po
tatoes, twice as much as from a
bushel of uncertified seed.
Interesting Bits Of
Business In the IJ.S.
First 150 industrial companies re
porting earnings at three-quarter
post of 1940 had a net, aggregate in
come gain of 31.9 per cent over same
period of 1939 . . . Dun's Review ba
rometer shows that in September
"general business" was up 11 per
cent in Florida, and 11.6 per cent in
'Iowa and Nebraska . . In Ohio,
employment gained 0 per cent in
September over previous year . . .
The "quiz rate", or percentage of
employees voluntarily leaving their
jobs because of opportunities else
where in August was 1.1 per cent;
which doesn't sound very high, but
it was higher than for any month
since September of 1937?and will
-gu_ higher as relative scarceness nf
skilled workers acts as boost to
wages . . . Retail sales volume indi
cates the draft is causing little or
no curtailment in demand for re
tail goods. } ,
Tilings To Watch
For In-The Future
University of Texas engineers
have a fruit and vegetable quick
freezer to help farmers preserve
their produce for an all-year market;
they foresee "community" plants
where produce can be quick-frozen
and stored away under the grower's
name, for releasing to market when
demand situation is better . . Re
ducing candy, a special carmel; you
eat one 15 minutes before a meal
and it cuts your appetite for meat
and potatoes, so the theory goes . . .
A home-use coffee extractor, in
which you make your own coffee
extract by a cold wa1
by a cold water drip method
i a whole pound at a time, then just
| mix the extract with hot water when
j you wish a hot cup ... A new 'ho use
I hold portable electric heater with
j this safety feature: it turns off au
| tomatically when tipped over.
Craven Cotton Crop Is
Largest In Several Yearn
Craven County's cotton crop is the
largest in years, due to no boll weevil
attacks and the use of good seed, re^
ports P. M. Cox. assistant farm agent
of the gtate College Extension. Serv
ice.
Relief At Last
For Your Cough
Creomulsion relieves promptly be
cause It goes right to the seat of the
trouble to help loosen and expel
germ laden phlegm, and aid nature
3 soothe and heal raw, tender, In
flamed bronchial mucous mem
branes. Tell your druggist to sell you
a bottle of Creomulsion with the un
derstanding you must like the way it
quickly allays the cough or you are
to have your money back.
CREOMULSION
for Coughs,Chest Colds, Bronchitis
Plans For Cotton
Referendum Are
Made in This State i
'Grower* Throughout .Nation I
Will Vote On Ittsiie
December 7th
E. Y. Floyd, AAA executive offi
cer of N. C- State College, has call
ed upon county and community
Triple-A committeemen and county
I farm agents to begin preparations
for the cotton referendum which
will be held December 7 Cotton
growers throughout the Nation will
| vote at that time on whether they j
I wish a marketing quota to apply to j
I their 1941 crop.
Cotton marketing quotas have been
in effect for the past three years.
The t94th quota was approved last'
fall by 91 2 per cent of the nation's
growers. North Carolina farmers
gave quotas a 89 8 vote of approval,
50,737 voting for quotas and only
5,767 voting against quotas.
"The secretary of agriculture de
clared a 1941 marketing quota in
September," Floyd said, "when it
was determined that the supply of
American cotton on August 1, 1940,
totaled 24,900,000 bales, or 137 per
cent of the 'normal' supply. Under
the Agricultural Adjustment Act a
quota must be declared when sup
plies reach 107 per cent of normal.
"The national quota for 1941 is the
same as the one in effect this year,
and will make possible the market
ing, through the quota program, of
about 12 million bales during the
year beginning August 1, 1941. This
will mean that individual farm al
lotments yi 11 remain the same in
1941 a.- they were in 1940 "
Floyd further pointed out that,
with marketing quotas in effect, far
mers who plant within their allot
ments may market without penalty
all cotton which they produce in
1941. Farmers who overplant their
acreage allotments or who have pen
Lime 4 ad PhotptUe Aid
Growth Of White Clover
I Lime and phosphate are making
for a better growth of white clover
and blue grass in the pasture of C.
W. Allen, a Yancey County farmer,
thus crowding out the broomsedge,
says Farm Agent R. H. C rouse.
alty cotton from a previous crop'
must pay a penalty of 3 cents per
pound on all cotton marketed in ex
cess of their farm marketing quotas.
DR. V. H. NEWBORN
OPTOMETRIST
Please Note Date Changes
Robersonville office. Scott's Jew
elry Store, Tuedsay, November 12.
Williamston office, Peele's Jewel
ry Store, every Wed., B a. m. to 1 p. m.
Plymouth office, Liverman'a Drug
Store, Every Friday, 10 a.m. to 4 pm.
Eyes Examined?Glasaee Fitted
Tarboro Every Saturday.
Farm F am Hi as Of Ifarren
Turning Oat MattrrHsas
Low income fann families of War
ren County i\fe now turning out
mattresses under the cotton surplus
disposal campaign at the rate of 14
a day, reports Assistant Agent R. S.
Smith.
?1.10
PINT
$2.15
QUART
1RST4IRS
CARSTAIRS
White Seal
EOR THE MAN WHO CARES
86.8 Proof. 7?H grain neutral spirits.
OuiUin Bros. Distilling Co., Inc.
Now York City
HANES
UNDERWEAR
Sold By The
FOLLOWING
FIRMS . . .
Farmers Supply Co
Belk-Tvler
Ikirden's
Martin Supply Co.
Mar?olis Brothers
Now I'm unaware
of underwear!^
"Yes, sir ... I'm telling you that Hanks mid
dleweight Winter Sets are made for a man
comfort. You hardly know you've got them on!
You're warm enough outdoors without swelter
ing indoors. Easy to pull on and take off ... no
buttons, draw strings or gadgets to fuss with.
The all-round Lastex waistband s-t-r-e-t-c-h-e-s
comfortably even if you've had a hearty meal.
Another thing I like is the
gentle athletic support of the
Hanes Crotch-Guard."
Select one of the popular
Hanes Winter Set styles.
Your Hanes Dealer will be
glad to show them to you.
HANES
WINTER SETS
5(M
THE GARMENT
Pick the net you like.
Wear a sleeveless or
short-sleeve shirt with
a pair of Crotch
Guard Wind-Shields
(figure at top) or
Crotch-Guard Shorts
(shown at laft). All
cotton (combed) or
cotton-wool mixtures.
?on* 7QC /re thi ? w
WINTIK SITS J/ ?? 03 OAIMINT ' ?
P. R HANES KNITTING COMPANT, MNSTCN SALEM, N. C.
HANES HEAVYWEIGHT
CHAMPION $? OTMEIS.
(?I Mt) 1 ?*c to a
Ankle-length lege. Long
or short sleeves. Knit
to fit with full, accurst*
size. You can band and
stretch ? without bind
ing. Buttons, button
holes, cuffs and seams
all sewed securely.
Figure the Price
Figure the Features-Figure the Savings
AND YOULL BUY CHEVROLET!
Price Is Important, of
course . . . But most im
portant of all is what you
get for the price . . . Your
own eyes and your own
tests will tell you that you
get the highest quality In the
lowest price field when you get
a new Chevrolet . . . That's why
people have given Chevrolet
leadership in motor car sales
for nine of the last ten years!^
-?ss-miw
Ml EMU
ST
CHEVROLET
MS CM
M l CM
9(HLP. ENGINE
YES
NO
NO
CONCEALED
SAFETY-STEM
YES
NO
NO
*
VACUUM-POWER SHIFT
ATWfXWW
YES
NO
NO
?00V BY FISHER
wm amorai rmuttrnr
YES
NO
NO
f MINE KNEEACIIOH
YES
NO
NO
< B0X6IRDER FRAME
YES
NO
NO
rS?ICIHM. RSHER HO DRAFT
' VEHnLATIOH
YES
NO
NO
TIPTOEMAHC OtlKH
YES
NO
NO
I
i
Again CHEVROLETS THE LEADER!
Roanoke Chevrolet Company