Newspapers / The Rocky Mount Herald … / March 1, 1935, edition 1 / Page 1
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Whe Rocky Mount HeralcT pPLIIME 2, NT). 9 |AGRAPHS ON NATIONAL BLEMS AT WASHINGTON Pngton Correspondent) LAUSE CASES HES .ACTIVE fER TIIE BONUS IN DEMAND Kf'fOWSEND PLAN WEAKENS WHAT ABOUT "WRITE-UPS" REPUBLICANS' ATTACK v PROPOSE BANK CHANGES I WO PER FOR PROFIT MOTIVE jljk tk Supreme Court decision on | , She gold clause cases cleared the spal>>y for 'Congress and the Admin- E 'iitration to go ahead with the ||j»CSfrr«tai of the New Deal, al though the legislative branch of Srthe government seems to be in no if fcurry to pass measures submitted | it- By a five to four decision the Court upheld the power of Con p. crees to abrogate th e "gold clause" in private contracts and although I: the power of Congress to do the same thing in regard to govern | m«t bonds was not upheld the » farther v opinion of the Court that ttplders of these securities can «how ao loss and are hence en f- titled .to bo damages amounts to . T the same result. £ I* this conation it is hardly worth while to attempt to cover the argument presented by either the majority or the minority opinions. However, it might not be out of the way to give a few facts V concerning the situation. There are outstanding about $12,000,000,000 In "gold clause" governmental bonds #u»d about $16,000,000,000 of non gold clause obligations. The gold ■clause bonds were issued during the ■war. Prof, Irviag Fisher points out that the purchasing power of the ddllar it now twice what it was ""when the last Liberty loan was floated," and that' "persons who lent the government in 1928 and now get SI,OOO b ack get twice as snuch in purchasing power." Obviously this is what the isijor ity of the Court had in mind when it said the plaintiff in the bond ease "has not shown, of attempted (Please torn to page eight) Junior Order Meeting Here About 400 people, initiates and members of 16 of tho 18 Junior Or der councils in this district, attend ed the intiation ceremonies at the local Masonic temple at which about 40 candidates were made members by a degree team from the local council, No. 41. Jake Winstead; dis trict deputy, said, "The meeting ex ceeded everyone's expectations," as he pronounced it the largest and most successful Session held in some time. This meeting was held for coun cils throughout .this district, includes Edgecombe, Wilson, and Nash counties. The local council liad the largest delegation present, having about 150 members and ini tiates in attendance, it was shown. It also had about 30 initiates, the deputy estimated. The featured speaker of the ev ening, T. P. Qholson, a member of the state judiciary committee, of Henderson, a street parade and a barbecue supper were on the pro ■gratn. The 'following councils were rep resented with large delegations: Rocky Mount, 150; Tarboro, 48; Wil son, 36; Elm City, 24; Nashville, 19; and Whitakers, 18, it was reported. John D. Weaver, city, presided at the meeting, and Edgar V. Harris, now field secretary for th e eastern Start of this state, attended. Only Macclesfield and Buckhorn councils did not have a delegation at the meeting. The other councils in this district, all of whom were rep resented, include the following: Wilson, Rocky Mount, Tarboro, Elm ■City, Spring Hope, Nashville, Sandy •Cross, Middlesex, Whitakers, Pine "tops, Glover, Bailey, Momeyer, Magnolia, Peachtree and Conetoo. ■ 1 -I Readers, when ytm pur- ' chase goods advertised h these columns tell the merchants yon saw it la j THE HERALD. j ) • 4- - Seek $15,000 For Market Bldg. Money Is Assured If Someone Will Donate Site, Administrator Declares The possibility of an up-to-date curb market buildipg to-be erected here loomed today following an in terview with EEA authorities. "I feel certain that the Emer gency Belief administration is per fectly willing to cooperate with lo cal authorities in connection with the construction of a modern curb market building here and will fur nish the materials and the labor if "someone will tender a lot Upon which to erect th 0 buildings," Mrs. R. D. Bulluck, district administra tor, stated when asked about the project. The administrator than stated that she and Mrs. Effie Vines Gordon, Nash County home demonstration agent and director of the local curb market, already had made a visit to a modern market at Florence, South Carolina, and were planning excur-l sions into Virginia and Maryland to determine the most useful type of building which could be construct ed here. The curb market proposition is listed as a "preferred project" in connection with the rural rehabili tation program furnishing a place for farmers to sell their produce, Mrs. Bulluck added. Cost of a suitable structure for this city would total approximate ly $15,000, it has been estimated, and authorities are confident that the ERA will bear the expense if MCMene w4H -*H«flttJfc}*riipot upon which to put the btUlAng. Wallace Services Conducted Here Jk 1 J. Wallace Is Interred At Plnetown ' Funeral services for A. J. Wal lace, aged man who died Thursday at the houge of his son, C. W. Wal lace on No. 1020 8. Church Street, were held from the son's home with Rev. A. E. Simerly, pastor of the First Christian Church, and Rev. George W. Pq/ry, pastor of the First Methodist" Church, officiating. Burial followed at Pinetown, home of the deceased. Mr. Wallace, 75, belonged to the Methodist Church at Pinetown. He leaves one sister, Mrs» Alice Roland, of Pinetown; and three chil-' dren, Mrs. S. O. Watson; Mrs. Fred Bierman, of the same place; and C. W. Wallace, this city. The following grandchildren also survive: Mesdames Jessie Baynor, Washington, N. C., Edith Bierman, New York City, and Meady Cock rell city, Donald Wallace, city; Ledford Stewart, Ollie, Edna, Nel da, and Josh Waters, and Joseph, Charlie, Virginia, and Nellie Bier man, all of Pinetown. Mrs. Wallace, his wife, died about six years ago. New Mens Store Opened In City Messrs. Dan W. Whitlock anj M. B. Whitlock have recently moved to Rocky Mount and have opened up a complete mens store and Hab erdashery. They had their formal opening this morning and It is ex pected that this new interprise will add greatly to the'trading facilities of Rocky Mount. They are located at 143 Sooth Main Street. They have extended a most cordial welcome to the Citi zenship of Rocky Mount and sur rounding territory to visit their store and inspect their shop. Gold decision brings revival of activity. / Soviet revises collective farm rules to win more members. Rare S2O gold coin of 1862 brings $875 at auction. Nazis behead two women for "be trayal of military secrets." ROCKY MOUNT, NORTH CAROLINA, FRIDAY, FRIDAY, MARCH 1, 1935 Here Are Nippon's Healthiest Babies jj^ These youngsters, here being held by theli proud parents, wefe judged the healthiest babies of Japan after a Nationwide contest that was concluded in Tokyo. IT Does Not The Renter Pay The TaX? The recent hearing before the finance Committee shows that the same argument is being used to keep the State from taxing the income from foreign stocks, as was used by the special interest when they had foreign stocks ex empted from taxation some years back, which argument was, "that they must not tax this class of property for if we do we will drive some wealthy citizens from the State al though it is admitted that he is not paying tax now and when he dies we will miss his inheritance tax." The second argument was, "that if foreign stocks were relieved of tax ation then certain former residents of the State would re ceive inheritance taxes when they died." There were cer tain Legislators who claimed to speak with authority, "who asserted that the Hon. J. B. Duke, the Honorable Benjamin Duke and oher distinguished and wealthy North Carolina citizens Would immediately return to the State and estab lish their citizenship, if these foreign stocks were relieved of taxation, and that when they died the inheritance from these estates would be sufficient to relieve the State's debt. After a great struggle the non-taxors prevailed, but these distinguished gentlemen did not return to the Stae and when they passed away North Carolina did not receive in heritance taxes. : W Now, this very same argument was used last week be fore the Senate finance Committee, which was that if ad ditional income taxes were placed on foreign stocks that certain wealthy citizens would probably leave the State and go to Florida. The attorney for one of these wealthy citizens appeared before the committee, a Mr. Vaughn of Winston-Salem, and admitted that his client's income was one million and one quarter dollars a year and that his wealth was invested in non-taxable stock and that such in come tax as he was required to pay was paid by the Cor pporation, which would make his client's income net. Yet the finance committee of the Legislature has reject ed the McDonald-Lumpkin bill which would have reached this class of property in a small way, and left the tax on meat, meal, self-rising flour and long sweetening and all other necessary foods. Certain members of the committee appeared to be shocked and outraged when it was report ed that a certain gentleman of the committee intimated that the committee might be stacked. Our belief is that all classes of citizenship should help support the Government in porportfon to their ability to pay. When these foreign stocks were being exempted by the Leg islature Senator Haymore, a Republican from the Mountain county of Surry stated, "that he had attended mountain dances as a youth and that it was always a custom among the boys that all of them should help pay the fiddler and that these people with exempted foreign stocks enjoying the blessings and privileges of citizenship in North Carolina, were not observing the mountain rules in not helping pay the fiddler, as their property was being relieved of taxation. We hear a good deal being said about the man who does not own any property not paying any taxes and that in order to reach him we must put a sales tax upon him. This is nothing but propaganda for those who buy real estate for rental purposes are expected to charge, and in most instances do charge, sufficient rental to cover interest on investment, taxes and insurance and yet we hear intelli gent people say that a man wno does not own a house, but who is paying a good rental, is not a taxpayer. This reason ing is absolutely falacious and false. When a man rents a house or farm and pays a reasonable rental for same it is expected that this rent shall cover interest on investment, depreciation, taxss and insurance. HOW LONG WILL ROCKY MOUNT NEGLECT HER CHILDREN FOR AIR PORTS The Spring is approaching and we have called attention to the need of additional play ground space for the children of Rocky Mount. Our wee park has been taken from us for the water tank and yet the Board of Aldermen has ap parently made no move in securing additional park space. Out at the Airport dirt is being moved from places to plade, one hole filled up and another one opened, being fill ed re-opened and refilled. Already an excess of one hundred thousand dollars has been poured out on this piece of ground and it does not appear that the field is much more level than it was when the work was started. How long will Rocky Mount continue to pour money into this place when the need is so much greater in other directions? Smart Shop Opens Here Rocky Mount's newest Ladies Shop has opened up on Tarboro street in front of the Peoples Bank, under the style and firm name o/ "The Smart Shop." Mr. J. B. Exum, the owner, has recently returned from New York where he purchased a moat com plete and up to date stock of mer chandise, including dresses, coats and accessories. The store held it's formal opening on Tuesday morning and the at tendance was most gratifying. They cordially invite th e public of this city *n? surrounding territory to visit their store and inspect their merchandise. N. C. Merchants Endorse Plan RESOLUTION ENDORSING MC DONALD-LUMPKIN PROPOSED TAX PLAN AS A SUBSTITUTE FOR THE GENERAL SALES TAX Adopted by unanimous vote of the Board of Directors of the Nortk Car olina Merchants Association Febru ary 21, 1935 WHEREAS, the Directors of the North '"Carolina Merchants Associa tion have made a study of the Mc- Donald-Lumpkin proposed tax pro gram, and WHEREAS, we note with pleasure that this program provides for ade quate support of the public school system anj the financial needs of the State without resort to any tax on land whatsoever, and Whereas, this program contem plates the elimination of the retail sales tax with its oppressive burden upon thoso least able tv pay and its heavy toll on the retail trade of the State and does not substitute in its place any plan that will impede or hinder trad 0 and commerce, and it employs the principle of ability to pay and establishes to a great extent equality in taxation as between all tax pay ing classes and groups, now there fore, Be it resolved, that we endorse the McDonald-Lumpkin tax program both in purpose and principle and lend our efforts to the end that equitable tax levies may adopted in North Carolina to replace the most successful tax on poverty ever invented. Young Men Are Killed Near Zebulon Sun. Spring Hope, Feb. 25.—Frame Lee Poole, 20, of Pine Ridge was kill ed instantly Sunday night when the automobile he was driving at high speed failed to negotiate a curve. Poole, accompanied by Vester Bunn, also of Pine Ridge, is believed is believed to have been racing on with another car driven by Nig Vi verettc of Nashville. The two ve hicles collided and then crashed in to a filling station on the outskirts of Zebulon. Poole was killed out right. Viverette and Bunn were car ried to a Raleigh hospital with se rious injuries. Vester Bunn died early Wednesday morning from his injur ies, while doctors are of the opinion that Viverette will recover, though he is very seriously injured. J. D. Watkins Buried Wed. Former Warehouseman Victim O Heart Attack At Age Of 68 —Rites Wednesday John Dillard Watkins, for many years a leading tobacconist here, died here early Tuesday after an extended illnesf. A heart attack, together with com plications, was given as tho cause of the death of the 68-year-old former warehouse man. Funeral services were conducted at 10 o'clock Wednesday morning from the boyhood home of the de ceased at Farmville, Va. The body was taken to the Virginia city Tues day afternoon by a local undertaker. Mr. Watkins came to Rocky Mount from Farmville in 1910 and erected a warehouse. He remained prominently identified with industry in this section until his virtual re tirement about ten years ago. He had made many friends throughout this section. The deceased is survived by three children, all of whom reside in this city. One son, W. E. Watkins, is connected with th e tobacco indus try here, while one of his daughters, Miss Janie D. Watkins, is a teacher in the Rocky Mount public schools. His other daughter is Mrs. G. D. Lambeth. His wife died in Greenvilla about five years ago. Harvard study finds son's rays are hotter in winter. Huge Gathering of Fdrmers Approve Tobacco Control Tobacco Producers Get $122,142,000 North Carolina Money Crop Is Heavier In Sales Value This Sea son, Despite Decrease In Acreage North Carolina's 1934 tobacco crop netted producers of the state $122,142,000 exclusive of federal benefit payments or an increase of 41 per cent over the 1933 value and 245 per cent over 1932, the statis tical division of the state agriculture department reports. With all markets closed and fig ures complete except for one day's sales in the old belt in February, the growers sold 394,994,876 pounds of the 1934 crop for an average of $28.46 per hundred pounds as compared with $15.93 per hundred in 1933. Federal rental, benefit and parity payments through the agricultural adjustment administration have been estimated at $14,000,000 for last year, boosting the total crop value to $136,142,000. .The increase in sales value of the state's major money crop came de spite the 25 per cent decrease in the acreage harvested last year as a result of the control program. Estimated production of tobacco for 1934 was 418,802,000 pounds as com pared with 538,859,000 pounds in 1933. Tobacco played an important part in the advancement of the state from fourth to third place in the nation in total value of all crops, being worth more than half of the $266,499,000 grand total. The state had 514,0001 acres in tobacco last year as compared with osr.mw In- HHM». The vatae -«f the crop $122,142,000 was comparable vith the $86,444,000 for 1933. The difference of nearly 24,000,- 000 pounds between the estimated production of 418,802,000 pounds as compared with th e actual sales of 394,994,876 pounds was accounted for by the statisticians by Bale of North Carolina tobacco in Vir ginia and South Carolina. The de partment estimated 27,000,000 pounds of Tar Heel leaf went to Virginia markets with about 6,000,000 pounds being brought from that state for sale in North Carolina. The balance of the difference was said to be accounted for by exchanges over the South Carolina line. "The flue-cured tobacco situation shows much improvement compared with a year ago," the report stated. "With July 1 stocks in the United States estimated at 770,000,000 pounds and foreign stocks of United States flue-cured leaf estimated at 580,000,000 pounds, the total carry over into the 1934-35 marketing sea son amounted to 1,350,000,000 pounds "The carry-over, combined with the 1934 flue-cured production of 564,520,000 pounds, makes the total supply 1,915,000,000 pounds, which is about 4 per cent below the sup ply a year earlier. The consumption of United States flue-cured tobac co during the year ended Juno 30, 1934, showed little change from the preceding year," the report set forth. The report showed the largest crop value increase in the so-called new belt, from $47,822,000 in 1933 to $68,793,000 last year. New belt estimated production was 230,850,000 pgunds in 1934 against 291,600,000 the previous year. The old belt produced an esti mated 140,600,000 pounds against 1id,525,000 the year before, but growers got $42,180,000 for the crop against $30,148,000 for 1933. The South Carolina belt produced an estimated 42,592,000 pounds as compared with 59,512,000 pounds in 1933, but growers received $10,265,- "10 th e 1934 crop against $7,- 737,000 in 1933. The burley belt produced as es timated 4,760,000 pounds against '7,222,000 for 1933, but growers there got $004,000 last season against $737,000 in 1933. E. L. CHESSON RETURNS FROM BUYING TRIP R. L. Cliesson has just returned from New York where h e has been on business for the past several days. While in New York he bought a large line of new spring hats and dresses for his Ladies Shop. SI.OO PER YEAR Secretary Wallace and J. B. Hutsoa Address More Than Five Thooa and Tobacco Farmers In Raleigk Represented Five State* "We must seek a long-continued* harmonious balance between Bupply and demand," stated Secretary ot Agriculture Henry A. Wallace, Mon day in an address to over five thous and farmers who crowded the Me morial Auditorium in Raleigh for & meeting that was set to determine the fnture of the A. A. A. tobacco control program. Having been informed that their plea for the 1934 acreage was being denied, the farmers listened to & reasonable argument as to why the department thinks an increase of twenty two per cent, approximately, is best this year. The audience then voted to go along with the government in this decision, and asked by an overwhelming vote that the government start a sign-up for the thirty six crop, which is not cov ered by present contracts, that ex pire with thirty five. Claude T. Hall, of Woodsdale» Person County, presided at the meeting, Governor Ehringhaus in troduced Secretary Wallace. After the secretary had co&luded Hon. J. B. Hutson arose to explain the tech nical side of the question, making it clear just why the government is taking its position in the matter. He was followed by Senator J. W. Bailey, who among other things called for a show of hands, that proved conclusively, if it proved nothing else, that the farmers are enthusiastic about th c control pro gram, even though they are some what divided on the question of the 1935 quota. A motion was also pass ed to ask that the federal tax o*. cigarettes be reduced from six cents Mrs. Rosa Gibson Buried Monday Well Known Local Woman Soc« cumbs To Lingering Illness- Rites Held Monday Funeral services were conducted her c Monday afternoon for Mrs. Ro sa E. Gibson, well known local wom an who died late Saturday night in a local hospital following a lengthy illness. Dr. J. W. Kincholoe, pastor of the First Baptist Church of which the 60-year-old woman had been a faithful member, was in charge of the rites, which were held from the home of a son at No. 801 Sun set Avenue, where she had made her residence. Interment was mads in Pineview cemetery. Mrs. Gibson, who was a native of Virginia, came hcrfc in 1910 with her husband, the late T. E. Gibson, who was connected with a furni ture concern. She had lived here ever since. She was removed te the hospital last Wednesday when, her condition became worse. The deceased is survived by the following near relatives: two daugh ters, Mrs. L. B. Pitt and Mrs. C. H. Trevathan, both of Rocky Mount; two sons, E. E. Gibson, Weldon and C. H. Gibson, this ;ity; and one brother, John E. West, Portsmouth, Va. Pall bearers were as follows: ac tive—W. P. Holding, C. W. Park« er, T. A. Avera, J. W, Fleet, John N. Batts, J. H. Lamm, J. M. Smith, and Gilbert Creech; honorary—J. E. West, J. E. Jard, Roland Jones, H. Dempt, R. T. Owens, R. L. Shear* in, W. T. Mayo and Dr. R. 8. An«. % derson. FIVE DAUGHTERS WED WITHIN FOUR DAYS Five of the 19 daughters ot Frank and Jennie Speight, Wilson county negroes, were married with in four days of each other the part week. Two of the five were married the same night. Frank and Jennie have 22 children, th* youngest of which is six years old. There are three boys and 19 g rUf in the family. Fugitive convicts rob homes and. steal cars in Oklahoma. — ■ New apparatus aids the revival of "dead" persona.
The Rocky Mount Herald (Rocky Mount, N.C.)
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March 1, 1935, edition 1
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