The Rocky Mount Herald
VOLUME 2, NO. 49
Annual Chamber
Dinner Is Held
k The annual dinner of the Cham
ber of Commerce will be held this
P evening at the Ricks Hotel,
i,: . Invitations have been extended to
»' ; "all members of the Chamber, Civi
fe- tan, Kiwanis and Rotary Clubs.
These clubs have been asked to re-
J frain from their regular meetings.
K. Also there is a committee of a
r V large number, selling tickets to the
§ public, as the tickets are not re
stricted to members.
ITR The Annual address will be deliv
ered by Senator Bailey. The invi
• tation to the Senator was extended
by the following: J. L. Home,, Jr.,
Editor of the Evening Telegram; A.
I 'L. Brandon, Advertising Manager,
\ f and L. B. Aycock.
t It is hoped through this catovass,
the dining room will be well filled.
'L The plates will be 60c.
t (936 LICENSE TAGS
WILL BE CHEAPER
i Advance information on the new
1936 automobile license tags state
that they will be black with green
numerals and somewhat larger than
the present numbers.
Also they will be cheaper than
is several years before. The base
rate for licensing passenger cars
was lowered by the 1935 general as
ywmbly from 55c per hundred pounds
to 40c per hundred pounds; the
minimum price lowered from $12.50
to SB.OO for a set of plates.
They can be obtained as usual
either by mail or in person from
the Motor Vehicle bureau of the
Department of Revenue in Raleigh
tlf the application is accompanied by
the applieation card (also mailed out
the 15th) and check or money order
for the amount shown,
t The new plates will not be placed
I on sale this year until December 15,
instead of Dec. 1, as they were last
: year.
T More cars than ever before are
already registered with others ex
, pectecV before the 15th. A total of
504,507 for the state have register
ed so far this year.
u t
I COTTON MILL MERGER
PLANNED AT TARBORO
Tarboro, Nov. 29.—Tentative
> plans for merging Hart and Foun
k Vain eotton mills under one toof "fuf*
I f a means of reducing operating cost*
and with the hope of assuring con
; tinuous employment of workers
were announced Wednesday.
'* The announcement was made by
John Youngblood, president of Foun
t tain mill and vice-president of Hart
P mill, who said a joint meeting of di-
I rectors of both companies will be
held here December 3 to discuss the
plan, which has been under consid
r eration for several months,
f An agreement by the directors
would have to be followed by a
faceting of stockholders and their
" approval given before the merger
could be put into effect, Mr. Young
blood stated.
The plans for the consolidation—
already worked put in detail but
withheld pending final approval by
the directors and stockholders—
/were the result of an investigation
'by J. E. Sirrine and Company of
Greenville, S. C., efficiency experts
in mill management, Mr. Young
blood said.
NEW ELDER COMES
TO RALEIGH THIS WEEK
V ~
Dr. J. R. Barnhardt, former pas
tor of Grace Methodist church Wil
mington, recently appointed presid
ing elder of the Raleigh district ex
pected to leave for his new h6me
in Raleigh this week.
He preached at Grace church last
i Sunday morning, ending his pastor
ate there at that time.
The' Rev. F. E. Love, newly ap
pointed pastor of Grace church who
has served a successful quadrennium
as presiding elder of this district,
was also expected to leave for his
new home in Wilmington this week.
J. O. U. A. M. OFFICERS
Tarboro, Nov. 28.—The local co
, uncil of the Junior Order Monday
* night elected officers for the ensu
ing year as follows: R. L. Jones,
councilor, L. W. Shook, vice coun
cilor, Edgar V. Harris secretary,
James P. Keech assistant secretary;
ft, George Thomas Warden; J. L.
iv Wynne, conductor; H. J. Pittman, in
side sentinel, Ben Dunn, outside
sentinel; Thomas Tolston, trustee,
| and J. R. Warren, chaplain.
o
f PUBLISHER, DIED FRIDAY
' Paul Dickson, 48, judge of the
Hoke County Recorder's Court anit
publisher of the Raeford News-
Journal died Friday morning in
Highsmith Hospital, at Fayetteville.
Though sick since Nov. 17, he was
thought to be recovering and his
death, from a heart attack, was un
expected.
IMPORTANT
The importance of foreign trade
i to the people of this country is
seen in the decline of our exports
f from over $5,000,000,000 in 1929, to
just over $1,500,000,000 in 1932. Many
people, includiqg the President, be
lieve that domestic prosperity de
pends upon recapturing this lost
trade or that we most face serious
- v social and economic readjustments.
- Rites Held For
1 Pfrs. Embro Bass
" Prominent Local Woman Buried Fol
! lowing Services Here
' Funeral services for Mrs. Joanna
Turner Bass, 68, wife of Embro
Bass, were held at the home in Oak
( Level community, with Dr. J. W.
' Kincheloe, pastor o£ the First Bap
, tist church, and Rev. Guy E. Moore,
pastor of the Oak Level church,
presiding. Interment followed in the
Pineview cemetery.
Mrs. Bass ha(J_ been in ill health
I for several months, and although her
death was not unexpected, it came
' as a shock to her relatives and
friends. Mrs. Bass, who waa the
' daughter of the late Josephine Wal
ker Turner and John Turner of
Nash county, has been '& member of
the Missionary Baptist church since
she was a small girl.
Surviving are her husband and the
following children: Mrs. Thomas E.
t Parker, Gates; Lonnie and Ollie
Bass, of this city. Two sisters, Mrs.
Bob Matthews and Mrs. John Bass
of near Spring Hope; three broth
ers, Johnnie Turner, of near Spring
Hope; J. M. Turner, Nashville, and
B. 8. Turner, Henderson, also sur
vive.
Active pallbearers included Lee
Matthews, J. M. Turner, Eddie Bass,
Percy Barnes, Garland Gupton', and
Leslie Bass. Honorary pallbearers
were M. T. Strickland, Kennetji E.
) Bone, C. E. Bell, R. L. Dozier, John
Bass, Bob Matthews, J. M. Bone, G.
I C. Bunn, C. C. Harper, 8. P. Bass,
Emmett Stallings, and G. R. Price.
CIVIL SERVICE EXAMINATION
The United States Civil Service
' Commission has received more than
200,000 applications for the Railway
i Postal Clerk examination, receipt of
, applications for which closed on Oc
tober 28, 1935. '
It is necessary to hold this exam
ination in certain cities on succeed
ing dates, because of the large num
ber of competitors. IThe Commis
sion has received very numerous in
quiries from applicants who have
heard that some persons in their
own cities have been notified to ap
i pear for examination, whereas they
themselves have not yet received no
, tiflcation cards. The fact that an ap
plicant has not as yet received an
-ftdftiissien eard has
and is due solely to the different
examination dates necessary,
i All applicants whose applications
have been accepted will in due course
lie sent admission cards, giving the
date and place of examination.
Applicants examined on the first
day will, of course, have no prefer
ence in appointments over applicants
examined on any of the succeed
ing dates, as the entire register will
be made up on the same date. Ap
plicants are urged n °t to write to
, the Civil Service Commission con
cerning the date of the examination,
' as this tends to retard the work of
. the office.
o
ENGINEERING DRAFTSMEN
EXAMINATIONS
The United States Civil Service
Commission has announced open
competitive examinations for the
positions of chief engineering drafts
- ma nand principal engineering
draftsman, for work on ships. The
annual salaries for these positions
are $2,600 and $2,300, respectively.
Optional branches are: Marine en
gines and boilers, and electrical
(ship).
Applications must be on file with
the U. S. Civil Service Commission
at Washington, D. C., not later than
January 6, 1936.
Certain specified education and ex
perience are required for these po
sitions.
Full information may be obtained
from the Secretary of the United
States Civil Service Board of Ex
aminers at the post office or custom
house in any city which has a post
office of the first or the second
. class, or from the United States Civ
il Service Commission, Washington,
D. C.
. CIVIL SERVICE EXAM
ANNOUNCED TODAY
, An open competitive examination
- for substitute clerk carrier for "fill
, ing vacancies in the post office here
; was announced today through the
. United States civil service commis
sion.
j Applications for this position must
, be on file with the manager, Fourth
U. S. Civil service district in Wash
ington, D. C., not later than De
cember 7 of this year, it was stated
officially.
) The examination is being held to
b fill a vacancy here.
Competitors will be required to
i report for written examinations to
. be held about 15 days after the
s date set for the close of receipt of
J applications. Further information
- and application blanks are available
from A. D. Cuthrell, secretary of
the U. S. Civil service examiners at
the local post office.
» RADIO
s
s Religious and educational leaders
3 have gone on record in a demand
7 for improved radio programs, thus
- backing George H. Payne, of the
- Federal Communications Commis
t sion, who says that desirable time
a should be given to educational and
cultural programs.
ROCKY MOUNT, NORTH CAROLINA, FRIDAY, DECEMBER 6, 1935
Famous Doctor
Seriously Hurt
Dr. James Patrick Hennessey Sus
tains Broken Back I Fall Near
Tarboro
L
i Tarboro, Dec. 2.—Dr. James Pat
; rick Hennessey, Jr., 46, famous New
. York City physician, was in a lo
cal hospital today with a broken
, back as result of being thrown from
a mule-drawn cart in which he was
i riding.
Dr. A. R. Shands, Duke Hospital
specialist, was ealled into consul
tation Sunday by Dr. S. P. Bass,
who quoted Dr. Shands as saying the
injury would have no permanent re
sults and that there was no imme
diate evidence of paralysis. One vet
ebra only was fractured, he said.
Dr. Hennessey was in Tarboro to
go hunting with friends—an annual
custom with him at this time of
year. He was riding in the mule
, cart with John Youngblood, presi
dent of Fountain Cotton mills, Sat
urday afternoon, when the accident
occurred.
Youngblood said Dr. Hennessey
was leading a horse by the bridle
when the horse stepped on a loose
plank in a small bridge. The plank
flew up, striking the horse and
causing it to bolt into the mule
which jedked forward at the im
pactj throwing Dr. Hennessey out.
The New York doctor was report
ed resting comfortably today.
Dr. Hennessey is consulting ob
stetrician at St. Vincent's, St. Ann's
and Miserieordia hospitals, New York
and consulting obstetrician and gyn
ecologist at St. Elizabeth's hospital,
New York.
OLD OFFICIALS ARE
BACK IN WILKESBORO
Supreme Court Decides Much Mooted
Case Of Wilkesboro Election In
Favor Of The Former Board
Reversals the past week of the
rulings of Judge Clement and Judge
Phillips, by the Supreme Court,
placed the Wilkesboro mayor and
commissioners comprising the old
board back in office again.
Since the day of the purported
election in Wilkesboro, which wus
May 7, much litigation has been go
ing on. Judge Frank Daniels, on
the day before _ the election, teiu
]io'r:iri!y r>'str.iincd the us.- of l>;il
lots prepared by Robert M. Brame,
Jr., chairman of the county board
of elcetions, and declared them il
legal.
A temporary order relative to
counting the ballots signed by
Judge Daniels was later heard by
Judge Clement and although the
first case was in the Supreme Court,
Judge Clement ordered the illegal
ballots counted and certified. The
case was appealed to the Supreme
Court which reversed him Thurs
day.
There were only *57 votes cast on
the day of election and these were
cast in contempt of court and were
illegal, according to Judge Daniel's
orders. The registrar, T. S. Miller,
ordered the polls closed after they
were cast, this being shortly after
the noon hour.
Later the new officials started
mandamus proceedings to get con
trol of the books of the town, and
an order was signed by Judge Phil
lips placing the matter before Judge
Julius A. Rousseau. Judge Rous
seau then issued an order putting
the case back before Judge Phillips
who ruled that the books, money
and records should be turned over
to the "new board," and refused the
old board the right to give bond and
retain the books and records. This
case was also appealed to the Su
preme Court and Judge Phillips was
also reversed Thursday.
The old officials of the town now
back in office are: Mayor, W. E.
Harris; commissioners, C. E. Len
derman, Ralph R. Reins, Joe R.
Barber and L. B. Dula. The "new
officials" now out of office were
Mayor, J. F. Jordan; commission
ers, Claude T. Doughton, Carl A.
Lowe, W. A. Stroud and W. E. Smith
ey.
The fierce contest is said to have
been an aftermath of the Rousseau-
Burke judgship fight in Wilkes in
1934.
BACKS NORRI^
The Democratic national organiza
tion is supporting Senator George
Norris in Nebraska as he runs for
re-election. Norris, who has always
run on the Republican ticket, has
not yet announced a final decision
as to his candidacy.
LABOR FEUD
The fight between John L. Lewis,
i president of the United States Mine
' Workers, and the American Federa
> tion of Labor, is apt to be bitter
' and affect labor interests every
i where. For some time there has
1 been a cleveage in the ranks ef
1 labor, with Lewis fighting aggres
; sively to force the Federation to
change its attitude on industrial
unions as opposed to craft unions.
During the recent convention, the
fight was so bitter that Lewis twice
i knocked down the leader of the
1 fight against his proposal.
i P
) FAME
) Fame is a hundred autograph col—
I lectors after one man.—Toledo
Blade.
Tattooing to Stop Poultry Thefts
ffltf iinrY
jHHMr ■/. .-..■Br
f
The special poultry tattoo committee of the Connecticut Poultry
association, working with the department of agriculture extension service
and the state police, has perfected a plan which will help stop poultry
thieving. Poultrymen may pow obtain tattoo pliers, ink for 1.000 birds, a
sign stating that poultry is tattooed on that farm and registration with
the state police, all for the sum of three dollars. Here la Prof. Roy E.
Jones performing the actual operation of tattooing while Prof. William F.
Klrkpatrick. both of the Connecticut State school at: Storrs, assists.
The Proposed Bond Issue
The proposed new bond issue is receiving some public dis
cussion and attention. The city has needed a gymnasium
for many years and we feel that the city is able to provide
this necessity which is vital in the lives of our children.
WTiile it will raise the tax rate, yet the city needs will jus
tify it in this instance.
All this talk about bonds to not increase taxes is abso
lutely absurd. A bond issue is a morgage on the public
property.
There are so many t more vital things that we need more
than a cement stadium.
The Edgecombe side of the town has not a play ground
for its small children and the excuse that the Board of Al
dermen have for this playground is that the
city is not able. Yet this same Board is asking the peoph
of Rocky Mount to mortgage their property with a bond is
sue for a cement stadium, something that Rocky Mount
would not use very often.
The airport cost $140,000 and is only being used by sight
seeing buses, which use the field to make money for taking
up passengers.
The parks that have been provided for Rocky Mount are
largely out side of the corporation not within reach of
those who need them most.
IT IS CLEARLY SHOWN GROSS SALES TAX NOT
NEEDED
The recent discussion which has taken place between the
Commissioner of Revenue, A. J. Maxwell and Dr. Ralph Mc-
Donald, candidate for Governor, both claiming that they
did not understand the view point of the other, has how
ever thoroughly demonstrated and explained one thing, re
gardless of whether North Carolina's tax schedules are
higher or lower than other states.
It is clearly evident that North Carolina does not need
a sales tax to finance its schools and institutions and bal
ance the budget.
If the states debt has been reduced as much as Govern
or Ehringhaus said he has reduced it then the Dr. Mc-
Donald contention that the sales tax is not necessary must
be correct.
When Governor Ehringhaus came into power he found
an eighteen and one-half million dollar debt left by Govern
or Gardner.
This deficit was a running deficit for maintenance.
Now if this deficit has been cleared, and the state's debt
reduced, who is it that can rise up and still contend for a
gross sales tax on food and raiment.
Three Legged
Calf Is Named
Tarboro, Dec. 3.—Dairyman C. B.
Brown's three-legged calf now has
a name, Thanksgiving," and is
"heavy and healthy," its owner who
lives on route two, city, reported
today.
Dairyman Brown, whose queer
creature camo into this world only
last week-end, said this morning,
"I'm going to take a picture of the
calf today."
He said he supposed 100 people or
more canj£. to view the animal Sun
day. The 66 pound animal with two
good hind legs has only a left front
leg, and wnere his right front leg
is supposed to be, there is only a
"continuation of his rib with no
sign of any leg at all."
Today, the animal is moving
around without any trouble appar
ently, its possessor reports.
■
Chicago—Automatic burgler alarms
are fast but these burglers were
faster. Thejr broke open a front
door, dashed in to a clothing store
and dashed opt again with stock
valued at (1,100 before the alarm
summoned police.
Weekly bank clearings of nation
20,5 per sent larger than year ago.
Pinetops Student
HonoredAtNCCW
Greensboro, Dec. 3.—Miss Miriam
1 MacFayden, of Pinetops, is one of
i two circulation editors on "The Car
' olinian," weekly student newspaper
I published at the Woman's College of
the University of North Carolina,
where she is a member of the se
nior class. Miss Elizabeth Yates, of
. Greensboro, is editor-in-chief of the
1 publication.
With a complete staff of 71 stu
dents, "The Carolinian" has 27 edi
• tors, 33 reporters, a business staff
1 of nine, and two circulation editors
: who are in charge of distributing
' the papers among the students, num
l bering 1,528, and among members of
» the faculty.
Miss MacFayden is also president
f of the "Play-Likers," college dra
■ matie organization.
PROGRESSIVES
' A Wisconsin Progressive delega
tion recently met with others of their
s group at Madison to consider their
c course In the coming presidential
1 campaign. It is understood that new
legislation will be carefully weigh
ed to see if it provides "useful
a work at decent wages for all the
k unemployed."
PARAGRAPHS ON NATIONAL
PROBLEMS AT WASHINGTON
Woodmen Select
Leaders For '36
Woodmen Of World Name M. C.
Bonham Councillor-Commander
Today Tar River camp No. 423 of
the Woodmen of the World had
chosen their leaders for 1936 fol
lowing their session at the Odd
Fellows hall last night. M. C. Bon
ham, retiring adviser, was made
councillor-commander to succeed L.
A. Parker, retiring councillor-com
mander.
The new officers, selected at last
night's important meeting, will take
office in January and serve a full
year. They are Mr. Bonham, coun
cillor-commander: C. !W. Wallace,
adviser; Tom Crothers, banker; A.
Elmore, financial secretary; Fred In
gram, escort; L. B. Moore, sentinel;
C. W. Jackson, watchman; Mr. Park
er's -lace and the election of the
retiring councillor-commander to his
new place as auditor were reported
as the only changes. All other of
ficers were reelected.
This was the main feature of last
night's Woodmen meeting, officials
reported.
STATE BANK DEPOSITS
REACH NEW HIGH LEVEL
Total deposits in the banks of
North Carolina, on Nov. 1, reached
a new peak for recent years, ac-.
cording to a statement made Fri
day by Clarence T. Leinbach, vice
president of Wachovia Bank and
Trust company, who is also presi
dent of the North Carolina Bank
ers Association.
A call for the publication of
statements by all banks as of Nov
ember 1 was made by federal and
state banking authorities and Lein
bach stated that study of a number
of these statements revealed that
deposits for the state would prob
ably reach a total of $360,000,000.
"The figures reveal a gain of
more than 20 per cent since June
■29 of this year, the date of the
previous call for statements," said
Fjrinhm'li. -"On-that d»te total dp
posits were $294,000,000. While
statements of November 1 for all/
the banks of North Caroliua are not
yet available, an analysis of a num
ber of reports made by banks in
all sections of the state indicates
that the total deposit figure will
probably reach $360,000,000. The
highest percentage of deposits gains
is shown by banks located in agri
cultural section where crops arc
being marketed.
"Total resources of all banks will
probably exceed $400,000,000. In a
majority of cases the statements al
so reflect an increase in the amount
of outstanding loans."
-7— —
B. F. BOW DEN, AGED NASH
COUNTY MAN, SUCCUMBS
Spring Hope, December 2.—Funer
al services were conducted Sunday
afternoon for 6. Frank Bowden, 74,
from the home of his daughter,
Mrs. W. M. Gupton, of Spring
Hope. Rites were conducted by Rev.
J. W. Nobles of Bailey, interment
following in Pineview Cemetery at
Spring Hope. Pallbearers were Wal
ter Bowden, Bonnie Bowden, Rufus
Walker, Harry Walker, Hubert Wal
ker and Tom Debnam.
Mr. Bowden, who was born in 18-
61, had been a resident of Nash and
Franklin counties all his life. He
held the distinction of being a
charter member of the Holly Grove
con for the past 15 years, filling
Baptist church, had served as dea
that position actively up to the past
few months during which he was
confined to bed with paralysis. His
wife preceded him to the grave 25
years ago, being the daughter of
Ashley Batton.
Mr. Bowden is survived by the
following children: J. A. Bowden of
Hopewell, Va.; Mrs. Lela Green,
Spring Hope; Mrs. Blanche Gupton,
Spring Hope; Mrs. Bertha Inscoe,
Castalia; Joseph Bowden, Justice;
and Mrs. Cornelia Bullard of New
York City. The following brothers
and sisters also survive. Mrs. Flor
ence Inscoe, Nashville; Miss Fannie
Bowden, Spring Hope; Mrs. W. B.
Walker, Spring Hope; and D. Nick
Bowden, Spring Hope.
MAYBE
Speaking of 1936 and the issues
thereof, we trust that Norman Thom
as has been duly impressed with
the wisdom of copywrighting his
platform.—Atlanta Constitution.
W^ - v*v^nni - *iriri_ru-u-^
NOTICE
Those desiring to subscribe to The Rocky Mount
Herald may do so by sending SI.OO with name and
address to The Rocky Mount Herald, Rocky Mount,
: 'i /N - c - • !
Name
| Town State Route No.
SI.OO PER YEAS
INJUNCTIONS AND TAXES.
AAA CASE AND POLITICS.
RETRENCHMENT PROGRAM.
. RECOVERY AT HAND?
[ IGNORING THE LAW.
' ROOSEVELT CONFIDENT.
HOOVER-BORAH FUED.
, TARIFF VIEWS CHANGE.
'• HULL IS CONSISTENT.
f By Hugo Sims, Special Wwhlngtaa
I Correspondent
The action of the Supreme Court
in suspending the collection of
~ processing taxes until it shall de
cide whether court injunctions to
prevent such collections are legal
ly obtainable means that the Bu
, preme Court will .hear arguments
on December 16th to determine
j whether the law prohibits the
judiciary from restraining the col
lection of taxes. There are those
' who contend that a statutory pro
vision absolutely bars a court or
. der to restrain the Government
' from collecting any tax levied,
" leaving to the taxpayer only the
_ right to pay under protest and
, subsequently sue to recover the
amount paid.
In passing on the issue before it„
the Court was dealing with a.
8 strictly legal question rather than
one of constitutional import and
the decision is not a clue as to the
attitude of the Court in regard to
■ the contested issues of farm relief
J legislation Undobutedly, the de
cision to be made on the constitu
tionality of the AAA will have
more effect than any other deci
sion to be made. The economie
welfare of millions of farmers,
the declared goal of both partiea
for many years, is involved as ia
the condition of the Federal bud
get. Concerning the budget, about
$500,000,000 in taxes depend upon
the opinion of the justices. An
adverse finding is not expected to
stop the farm relief program bnt
it will make necessary some ef
fort to locate the additional reve
nue needed to make the erop pay
ments.
At Warm Springs last week,
President Roosevelt continued his
study o ft he budget, his chief con
cern apparently being to find some
way fo rfrt psjrpmlitnros, thns bring
ing them closer to the income of
' the Government. While no one ex
pects that anything like a balanced
budget will be possible during the
fiscal year rhat begins next July, it
seems probable that the Administra
tion will develop something of a
retrenchment program. How far it
will go depends upon Congress per
haps more than the President and
also upon, the disposition of the
bonus question, which most obser
vers believe is certain to be paid.
The political effects of the Court's
decision on the AAA are problemat
ical. Naturally a victory for the
Government will strengthen the
President's postion with farmers to
whom he apparently looks for sup
port. An adverse decision might in
jure his prospects if (lie Republi
cans come forward with a tempt
ing solution of the problem raised.
However, it is quite probable that
the decision, even if adverse, will
leave a way open for the coming
Congress to pass a law that will con
form with the ruling. If the opinion
is adverse and no convenient meth
od is apparent to secure farm aid
in accordance with the interpreta
tion of the judges, one may be sure
that the "horse and buggy" issue
will revive and probably overshad-
B ow everything else in the campaign.
1 ahead.
9 _______
» Undoubtedly something like an in
' dustrial recovery is at hand, led by
' the automobile plants which expect
8 to break the all-time record of pro
-3 duction in the last quarter of this
' year. Naturally, many New Deal
politicians are immensely pleased
with the evidence of better times,
J believing that success at the polls
next fall is certain if the movement
' continues upward. Recent striking
'' gains in stocks have encouraged the
belief that the nation has finally
• turned the corner and stands face
v to face with something approximate
-3 ly prosperity.
Recent statements by public of
£ ficials emphasize the optimistic tone
now being taken. Chairman Landis
of SEC says there is nothing to bo
done about advancing stock prices,
and Governor Eccles takes some
' pride in the upward surge. A Fed
-3 eral Reserve Board bulletin finds
" a measure of strength in the market
at present and the American Fed
}
(Please turn to page eight)