The Rocky Mount Herald
"VOLUME 2, NO. 5
Semi-Finals
Tri-County Meet
West Edgecombe, Middlesex Red
Oak, and Leggetts stood today
*8 the fint round winners in the
annual Tri-County young Tar
.{[eel Farmers' basketball tourna
ment which got underway on Sat
urday at Red Oak gym.
The results: West Edgecombe,
18, Bailey 13, Middlesex 15, Rock
Ridge 14, Leggetts 27, Nashvillo
1>; and Red Oak 28, Spring Hope
14.
The semi-finals will be played on
Saturday afternoon of this week
And the finals will be run off Sat
! trrday night.
o
Mrs. Vester Was
Bnried Monday
VTri* of E. F. Vester Dies After
Extended Illness —Rites 'Held
At Spring Hope
Mrs. E. F. Vester, who died at
a local hospital late Saturday af
ternoon, was interred Monday af
ternoon at Spring Hope after ser
vices were conducted in the Meth
j odist Church there with Rev. M.
P. Hodges, her pastor, officiating.
Dr. W. R. Culhim of the Spring
Hope Baptist Churdh assisted.
Mrs. Vester succumbed about
6:00 Saturday after an illness
■which lasted over a period of sev
eral months. She was 54 years old,
and had been a member of the
Methodist Church at Spring Hope
since she had moved there.
She lived near Nashville before
her marriage. Her maiden name
was Miss Annie Belle Cooper,
v Besides her husband, E. F. Ves
ter, the deceased leaves four chil
dren. Hiey are Alma, Annabel,
Hawkins and Rufus Vester, all of
Spring Hope except Annabel who
is now at Greensboro college
u 3reensboro.
Pallbearers included J. R. Bpker,
-J. C. Matthews, C. W. Lasaiter,
O. B. Moss, R. C. Murray, and Dr.
J C. Brantley all living at Spring
Hope. r
Gladys Jones
" Buried Sunday
Gladys Jones 5, Died Late Satur
day Night at Hospital
Gladys Delores Jones, 5 year old
daughter of Mr. ind Mrs. Charles
•Jones of Swelton Heights near
f fcbis city, was buried Sunday af
ternoon at the Falls cemetery af
ter services were held in the Jones
home by Rev. A. H. Butler, Holi
ness minister, and R. L. Erickson,
«vangelist. She died late Saturday
t night at a local hospital, and
«ieath was ascribed to infantile pa
ralysis.
Pallbearers for the service in
. eluded J. L. Ramsey, W. C. Bras
«fwell, J. L, Raper, and Frederick
) Paris, all neighbors of the family.
Besides her mother and father,
4 sh% leaves two brothers, Preston
and Thurman Jones. Her mother
| was Miss Bessie Taylor before her
marriage.
Little Gladys, who had been- tak
en to the hospital several days be
fore her death, succumbed about
. midnight Saturday.
—— v .
I ) ICKES EXPLAINS
t '
(Secretary Ickes, under attack
for a while, seems to have gained
ground lately. He charges that
complaints against him are back
by "certain power interests,
hot oil profiteers, crooked lobby
ists, equally crooked contractors,
and certain types of politicians
who think more of a few petty
jobs than the success of the Re
. «owry program." Anyway the
talk hero is that the Secretary of
I the Interior remains high in the
t President's esteem, and that his
handling of th e PWA is regarded
as exceptional.
V,
. . Readers, when yon pur
-1 chase goods advertised
| in these columns tell the
I merchants yon saw it in
THE HERALD.
Soil Erosion
Meeting Fri.
Chamber of Commerce Desirous Of
Having a Large Number Pres
ent for Important Gathering.
Other Meetings Announced
"The Chamber of Commerce is
sponsoring the meeting in the in
terest of the preventation of soil
erosion scheduled for Friday even
ing at recorders court room, and
we are urging every person inter
ested in the preservation of the
fertility of our land to be pres
ent," said E. H. Austin, secretary
of the Chamber of Commerce.
A large crowd is expected to
attend the meeting, which will have
for its purpose the prevention of
soil erosion through cooperation
with the Federal Soil Erosion Ser
vice.
Speakers will include Dr. J. H.
Stallings, Regional Director of the
United States Soil Erosion Ser
vice, and W. E. Bowers, Extension
Agent.
In addition to the Rocky Mount
meeting a series of meetings have
been arranged by the teachers of
Vocational Agriculture. At these
meetings W. E. Bowers, Extension
Agent of th e United States Soil
Erosion Service will speak.
The meetings will be "held as
follows:,
Spring Hope school house Feb
ruary 18th at 2 P. M.
Middlesex school house February
18th at 7 P. M.
West Edgecomb« school house
February 19th at 7:30 P. M.
Rock Ridge school house Feb
ruary 20th at 7:30 P. M.
Bailey school house February
21st at 7 P. M.
Black Creek school house Febru
ary 22nd at 7 P. M.
Red Oak school house February
26th at 7 P. M.
South Edgecombe school house
February 27th at 7 P. M.
i—o
Calvin Coolidge
To Have Memorial
Massachusetts Ready To Honor
The Memory Of One Of Her
Most Distinguished Sons #
It was revealed in Boston the
past week that Mrs. Grace Goodhue
Coolidge, widow of the late Calvin
Coolidge is desirous that the me
morial to be erected to the former
President be not in the form of a
statue. Mrs. Coolidge's views re
garding the memorial were disclos
ed at a committee meeting at the
state house in Boston.
In a letter to Arthur A. Shure
liff, secretary of the State Art
Commission, Mrs. Coolidge did not
say what kind of memorial she
preferred, but merely stated her
opposition to a statue.
The commission favors a memor
ial gate at the State House. Nor
thampton citizens are said to fav
or a Coolidge memorial bridge be
tween Northampton and Hadley
over the Connecticut river, and
bills for federal financing of such
a project are said to be before
Congress. State Representative Ro
land D. Sawyer wants Hampden
county to take over the former
Coolidge residence in Northampton
a rented duplex house on Massa
soit Street, as a momorial.
The rumor persists that Mrs.
Coolidge is to be married ne *t
spuing to Everett Sanders, for
mer Indiana Congressman and
secretary to Coolidge while he was
President. Sanders owns a 500-
acre estate in Maryland not far
from Washington and it is re
ported that after the wedding
Mrs. Coolidge will leave her home
at Northampton, Mass., and pre
side over the Sanders estate.
Mrs. Coolidge is spending the
winter with a friend in Polk coun
ty, N. C., and has denied the re
port that she intends to wed again.
Her only son, John Coolidge, at
New Haven, Conn., where he lives
likewise denied the forthcoming
marriage of his mother, Saturday.
SCRAPPING WAR TREATY
News that Great Birtian and
France have agreed to alter their
attitude towards German arms, un
der conditions, is generally regard
ed as definitely scrapping the rig
orous penalties of the Versailles
Treaty, which will probably become
gradually obselete.
ROCKY MOUNT, NORTH CAROLINA, FRIDAY, FEBRUARY 15, 19.%
Increased Bank
Deposits Shown
Recent Bank Call Shows Growth
Of State And National De
posit Totals
Raleigh, Feb. 11.—An increase
of $122,260323 in the deposits in
atato and national banks during
the past 18 months in North Caro
lina is shown in the bank call
statement released today by Com
missioner of Banks Gurney P.
Hood. This insurance in deposits
was shown during the period from
June 20, 1933 to December 31, 19-
34. The increase in the deposits
in commercial state banks, under
the immediate supervision of the
State Banking department, during
thi a period was $86,566,002 and th e
increase ir> National bank depohits
for the same period was $34,950.
The' increase in the deposits in
industrial banks waa $744,321.
The total assets of 243 state
banks and 43 national banks as of
December 31, 1934, according to
the report iasued today, amount
to $351,180,471 as compared with
total assets a year ago of $272,-
593,400, an increase in assets dur
ing the 12 months from December
30, 1933 to December 31, 1934 of
$78,587,071, exclusive of the as
sets of 34 industrial banks. The
assets of the 243 state banks at
the present time amount to $263,-
092,471 while the assets of the 43
national banks a mount to $88,088,-
000.
One of the most significant
things about the December 31,
1934 report is that it showa an in
crease of $6,598,811, whereas the
October call report showed a de
crease in loans, Commissioner
Hood pointed out. This last call
report also showed an increase in
the capital structure of the banks
amounting to $4,369,455.
"The liquid condition of the
banks in the state continues, show
ing $173,000,000 in cash and
bonds on hand," Commissioner
Hood said. "Both checking and
savings accounts show substantial
gains throughout the year of 19-
34. It appears now that the re
sources of the banks by the end of
this year will be almost at the
high peak reached before 1929."
In December, 1929, the aggre
gate resources of stat e bank and
trust companies in the atate
amounted to $341,750,696, the high
est ever recorded.
During November and December
the banking department completed
the liquidation of 29 additional
banks, paid claims of closed banks
amounting to $3,133,830 and wrote
and sent out 59,785 checks, mak
ing paymenta to depositors in 109
of the 121 banks in liquidation.
o
MARSHALL BRANTLEY
BURIED SATURDAY
Aged Spring Hope Man Died at
His Home There
Spring Hope, Feb. 11.— J. Mar
shall Brantley, 74, son of the late
Mr. and Mrs. Allen Brantley, was
buried Saturday in a local ceme
tery after services were conducted
from the Brantley home here. Dr.
W. R. Cullum, Spring Hope Bap
tist pastor, and a Rev. Mr. Hart
sell, Durham, officiated.
Mr. Brantley died at his home
Friday afternoon after years of
feeble health and partial blindness.
Pallbearers included the follow
ing: James W. Delbridge, M. H.
Brantley, Gilbert Wheless, John J.
Proctor, John R. Baker, and John
C. Matthews.
Mr. Brantley leaves his wife,
formerly MLs Ella Florence Bunn,
daughter of Sidney and Amanda
Beal Bunn; two children, Mrs. R.
B. Bryant, of Spring Hope, and
Jay Brantley, Rocky Mount; one
brother, Mansey Brantley of Zebu
lon, and several grandchildren.
69 TRANSFUSIONS FUTILE
Rochester, N. Y.—Despite more
than sixty-nine blood transfusions
Mrs. Solomon G. Loeb died after
almost a year's illness. She was
Stricken while on her honeymoon
last spring.
o
WHOLESALE PRICES UP
Washington.—The general level
of wholesale commodity prices in
1934 showed an increase of 14
per cent over the average for the
year 1933, rising to 74.9 per cent
of the 1926 average.
Literally Raised From the Dead
A six-pound baby Is alive and kicking In New Jfork after having
been literally raised from the dead by a policeman, Officer Caesar Cozzatl,
and Dr. Bernard Zaglln. The baby was born to Mrs. Mary Pupplee, whose
first four babies are said to have been born dead. "This one seems dead,
too," muttered Doctor Zaglln, "but we'll see what we can do." Spanking,
drugs, and blowing into the face of the baby seemed futile, and then
Officer Cozzatl arrived and helped the doctor blow Into the child's face,
and half an hour after, when both doctor and policeman were winded,
two other officers arrived with an inhalator and with that the spark of
life that had been started by Doctor Zaglin and the officer was fanned
to flame. Three hours later Doctor Zaglin pronounced the Infant "the
finest ba!\v I've ever seen."
Presidents New D
For Our P
The statement of Commissioner Hood, which was an
nounced on Monday shows that bank deposits have in
creased in the past six months in the sum of $122,000,000,
divided as '-foHqw.au State Banks $86,566,002, National
Bankir fWWWTOTM Banks $744,321.71. He
also stated that the resources of our Banks at the end of
this year will be up to the peak of 1929 ,he said there was
one significant thing inthe roll call of December 31st which
was as follows, "there is an increase in; loans and dis
counts of $6,598, 811.55."
The President has been trying to bring about a revival
of business and in order to do this there must be chance
for legitimate credit and borrowing. A person who owns
property, with this increase in bank resuorces, ought to
be able to secure money on a conservative valuation of his
property stripped of inflation, to engage in legitimate bus
iness. The extravagant use of credit and the extravagant
extension of credit by financial institutions which prevail
ed eight or ten years ago, we do not advocate, but with
Bank deposits secrued w edo not anticipate bank runs
which should make it safer for the Banks in extending
credit to those who are legitimately in need where they
have sufficient security to secure their loans.
Now, is an increase of six and one-half million loans in
line with an increase of bank deposits of $122,000,000'' The
increased holdings of United States bond 6 in these banks
rose from $31,338,148.62 to $39,701,923.29. Now which is
Dest for the country, for the Banks to place their re
sources in Government bonds ur to be able to extend cred
it to people who are able to secure and who are in need.
If there is any thing in the Banking code which would pre
vent this being done we feel sure that this matter should
be brought to the attention o fthe President so that the
Banks would be able to extend loans that would be proper
ly secured and yet in the termsof Wall Street, not be liquid.
In the South it is impossible for a Bank to render ser
vice to its people and be in a state of liquidity as laid down
by Wall Street, yet the Bank might be wholly solvent ana
as strong as the rock of Gibralter. Farmers must necessar
ily have loans for more than three months because ii
takes more than that time to make a crop and there
should be sufficient electicity in the National Banking
laws to permit the Banks to extend longer loans on r'-
estate which would be perfectly solvent and yet not liq
uid i nthe terms of Wall Street.
' Now, what has brought about thia great increase in
Bank deposits? Was it brought about from natural causes?
Was it brought about by leadership from Wall Street or
was it brought about by the President under the new deal,
which caused a raise in basic commodity prices wmen
the farmer better prices for his products and the laborei
better wages for his work? If w e are honest with ousselve.
we are bound to admit that the New Deal under the Pres
ident's leadership has produced these results and yet wi
hear some people in our own community unduly criticize
the policies of the President. However, we are glad to
note that the harsh critics are somewhat few in number.
22 MEN AWAIT
ELECTROCUTIO
Raleigh, Feb./ 11. —Twenty-two
men today wero on death's row
in the state prison here awaiting
electrocution.
The number of death's row wa3
increased to 22 with the arrival
of Rortch Wlaller, 43-year old
Negro, sentenced to die April 26
for murdering John Harris,
Granville county merchant.
%
THE WEATHER
Washington weather, notably
hot in summer, has been notably
cold thia winter, with the heaviest
snow in years.
EXTEND RFC
Th e RFC has been extended two
years, with considerably broaden
ed powers, as expected. Aid to
railroads, the mortgage market,
and industry generally, are pro
vided, with continued financial
fluidity arranged through the use
of all funds thst may come in as
repayments or from the sale of
securities.
o
BANK DEPOSITS GAIN
Washington.—Deposits of all
mutual savings banks in the Unit
ed States on' December, 31, 1934,
amounted to $9,757,690,937, an in
of $163,080,092 over 1933.
PARAGRAPHS ON NATIONAL
WASHINGTON
PROBLEMS AT
Hauptman Found
Guilty Murder
Jury Brings in Verdict Carrying
Death Sentence at 10:30 Wednes
day Night. Sentenced to Die
March 18. Will Appeal
The long drawn-out trial of
Richard Bruno Hauptman for the
murder of Charles Augustus Lind
bergh, Jr., came to a dramatic
close Wednesday night when the
haggard jury of eight men and
four women brought in a verdict
of guilty of murder in the first
degree. This verdict, without the
recommendation for mercy, carries
with it the death sentence in New
Jersey. Attorney General David
T. Wjilentz, chief of the prosecu
tion attorneys, asked for an imme
diate sentence, and Justice Thom
as W. Trenchard sentenced Haupt
man to die on March 18.
Edward J. Reilly, chief defense
council, stated that he would car-
case to the "highest court
in the land," on appeal.
Negro Dies
After Shooting
Officers Looking For John Daniel,
Charged With Slaying
Edgecombe County officers were
searching today for John Daniel,
Battleboro Negro who is alleged
to have fatally wounded another
Negro, Curtis Mack, from the
same town in a brawl a t Battle
boro late yesterday.
Mack was brought to a local
hospital with a load of shot in his
stomach. He died late last night.
Shade Felton, Edgecombe dep
uty sheriff, said today that while
officers had conducted a wide
search for Daniel, he had not been
located.
The shooting occurred during an
argument about 8:30 o'clock last
night in Battleboro when Daniel
is alleged to have procured a shot
gun and opened fire upon Mack. 1
Showing New
1935 Willys
M. C. Bulluck Will Handle Willis
77. Claimed To Be Lowest Pric
ed Standard Sedan on Market.
Many New Features
Arrangements have been made
by M. C. Bulluck, who recently re
turned from a trip to the Willis
factory, for the handling of this
ine of fine cars this season. Their
1935 Willis 77 is said to be the
owest priced standard sedan on
he market, and in addition to the
•asonabie price this car offers
any new and desirable features.
Mr. Bulluck now has on display
it his Rose Street show room the
various body types offered in the
1935 Willis. He is urging everyone
o call and look over this display,
which will be found of unusual
nterest. A more detailed descrip
tion of the new Willis appears in
vhe Advertising columns of this
paper.
CHURCH CHRIST SCIENTIST
"Spirit" was the subject of the
Lesson-Sermon in all Churches
Societies of Christ, Scientist, on
Sunday, February 10, 1935.
The Golden Text was from 11
Corinthians 3: 17. "Where the
Spirit of the Lord is, there is lib
erty."
Among the citations which com
prised the Lesson-Sermon was the
following from tho Bible: "There
is therefore now no condemnation
to them which are in Christ Jesus,
who walk not after the flesh, but
after the Spirit. For as many as
are led by he Spirit of God, they
are the sons of God. The Spirit
itself beareth witness with oui
spirit, that we are the children
of God." (Rom. 8: 1, 14, 16)
Poll shows Senate would sus
tain veto of bonus.
SI.OO PER YEAB
TO SELL BABY BONDS
HULL MEETS DIFFICULTIES
STARTS AGGRESSIVE POLICY
NEW NRA LEGISLATION
FLETCHER MAKES ATTACK
FARLEY HOLDS JOBS
BORAH'S RESOLUTION
LABOR ASSAILS RICHBERG
GROUPS LOSE STRENGTH
President Roosevelt is expected
to buy the first "baby bond"
about the first of March, and to
inaugurate an educational cam
paign by a radio address. Provi
sion for these bonds, in denomi
nations as low as $25, was made
in the bill setting up a flexible
system of financing for the gov
ernment in place of the present
flat limitations. A "revolving
fund" of not more than $25,000,-
000,000 may be set up for long
term issues and one for short
term securities, not to exceed $20,-
000,000.
The "baby bond" will be dis
tributed to investors through post
offices on a discount basis. Tho
first issue will probably mature
in ten years, with interest equal
to about 2 1-2 per cent. Purchas
ers, it is understood, will hvae the
right to turn them in fo rredemp
tion after six months if they
need cash. Safeguards t° be thrown
around them include facilities in.
post office safes to store the bonds
for purchasers. Secretary Mor
genthau and President Roosevelt
are said to be enthusiastic over
the program. The former points
out that Great Britain has made
six issues of this type since 1916.
Minor prophets, who seek to
read all signs, including those that
are imaginary, say that the idea
is Mr. Roosevelt's device to make
the bondholders think in terms of
governmental expenditure, and
become something like psychologi
cal partners in the New Deal. Ob
jections that were waved aside
are that the new savings bonds
might deplete bank deposits and
that, if the public becomes skit
tish the bonds might be dumped
on the market. However, if th»
people buy the bonds, as expected
one may expect a more conserva
tive attitude to develop in regards
to Federal finance.
Secretary Hull has met many
difficulties in his effort to follow
the most favored nation doctrina
and equality of trade and oppor
unity. He has been subjected to
great pressure in this country by
protected interests, and abroad he
has run into a maze of restrictions,
quotas, tariffs, and other impedi
ments. Of course, this country can
not object since it led the world
in restricting imports from other
countries.
With the signing of the recip
rocal trade treaty with Brazil,
witnessed by the President, who
thus seems to indicate very clear
ly his undiminished support of
Secretary Hull's policies, another
step in their development became
clear. Nations which have trade
discriminations against us will not
be given the concessions that go
into reciprocal agreements until
they drop their restrictions and
join us in a program of equal
treatment. Moreover, it is an
nounced that a list of nations dis
criminating against the United
States has been made and that no
reciprocal treaty will be negotiat
ed with them.
The adoption of this aggressive
attitude seems to mark a step
forward by the State Department,
which is anxious to restore for
eign trade to its former vigor and
volume. Eevry effort will bo made
to discourage discriminations that
thwart international commerce and
encourago widespread adoption of
the most-favored nation policy as
a means of lowering trade barriers.
Unless this is accomplished, tho
Secretary of State sees nothing to
prevent extreme government regu
lation, lower standards of living
here, and a chance for some out
side power to outstrip us in for
eign trade.
Congress is expected to begin
deliberation on the new NRA leg
islation this week, following sub
mission of the proposals by the
Administration, which will ask
(Please turn to pace elfht)