Newspapers / The Johnstonian-Sun (Selma, N.C.) / Aug. 25, 1932, edition 1 / Page 2
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THE JOHNSTONIAN—SUN, SELMA, N. C. THURSDAY, AUG. 25, 1932. fcX-’V ■ V'.‘ TTHE HOME LOAN BANK SYSTEM IS EXPLAINED (Continued from first page) property is located or, in the ab sence thereof, eight per cent per annum. The Pre.sideiit, in signing the ■measure, said: “The purpose of the system is hoth to meet the present emergency and to build up home ownership on more favorable term-: than exist to day. The immediate credit situation ’ has for the time being in many ' parts of the country restricted the activities of building and loan as sociations, savings banks and other institutions making loans for home purposes, in such fashion that they are not only unable to extend cred it for the acquirement of new homes hut in thousands of instances they have been unable to renew existing mortgages with resultant foroclos- •ures and great hardships. “A considerable part of our unem ployment is due to stagnation in residential construction. There has heen overbuilding in certain locali ties in boom years, but there has heen far less than normal construc tion of new homes for three years in pace with increase of population and there is thus a shortage which, while now obscured by present hud dling, will become evident with the first stage of recovery. “Nearly 200,000 new homes erect ed annually in normal times which with initial furnishing contribute $2,000,000,000 to con.struction and ether indu-tries. A survey by the Department of Commerce .shows that there are localities in whicli there is today an immediate demand for homes, amounting from $300,- 000,000 to $500,000,000 which could he undertaken at once if financing were available. Thus, the institution should serve to immediately increase employment. “In the long view we need at all times to encourage home ownership and for such encouragement it must he possible for home owners to ob tain long term loans payable in in- 'r.tallments. These institutions should provide the method for bringing in to continuous and steady action the great home loaning associations which is so greatly restricted due to present pressures.” It is not thought likely that act ual loans will be made by the new hanks before December at the ear liest. It will take some time for the banks to be .set up, for the thirty-day subscription period to elapse, and for the personnel and management to be secured. In the meantime, however, it is helieved that building and loan as sociations, savings banks and insur ance companies will be more len ient in their foreclosure policy and that there will be made available through banks and otherwise funds with which to carry the home lend ing institutions until the time that their needs can be adequately taken care of by the new banks. Home owners who have need for financial accommodation of the sort provided are "advised in the meantime to con- iiult with the local building and loan associations, the savings banks and the insurance companies with which they have contact. While there i-- a provision in the Act whereby individual home owners may, as long as Government stock is outstanding, apply directly to the home loan banks for loans, in case they are completely unable to get accommodation elsewhere, this sec tion is very general in its terms, and definite regulations have not heen drafted to explain it. To put into effect the provision at the pres ent time would mean the exercise of very wide discretion by the Home Xoan Bank Board, if not indeed act ual administrative legislation. It has heen suggested, therefore, that per sons who have individu.al loan prob lems .should consult with local rep resentatives of the three classes of potential members, rather than de pend uDon the possibility of secur ing direct advances. On the significance of the new sy.stem, let me quote from two au thorities on real estate—.Joseph P. Dav of New York and Herbert U. Nelson, executive secretary of the National Association of Real Estate Boards.. Says Mr. Day: | “The chief value of the Home ! Xoan Banks, as I see it, lies in the tremendous additional safeguard which they provide to institutions whose principal investments are in real estate mortgages. Most of these mortgages are as sound as the Rock of Gibraltar, but ordinarily cannot he quickly converted into ca h. The new discount banks provide this safety valve in case of emergency. The cash is there if the institution needs it. That very fact will pre serve '-lublic confidence in those three safe and conservative institu- tion.s—the savings banks, the insur ance companies, and the building and loan associations.” Mr. Nelson says; “Disentangling home mortgages i from short-term commercial paper is necessary if these mortgage- are to gain the stability they should have. It is at the same time a step toward lowering their costs. “The segregation is thus made for the first time on a national scale and with a national non-com- raercia! machinery. It will have all the effectiveness that comes from iieing a part of the Federal banking law. It will insure an -intensely practical hut disinterested study of those factors concerning a home mortgage which determine its secu rity. The actual facts such a study will uncover are of first importance both to the borrower and to the lender. It is those facts which must determine the cost of mortgage money and the terms on which it can be obtained. “Establishment of standards and regulations for the new system now become of first importance.” DISTRESS AFTER MEALS Relieved By Black-Draught had sour stomach and gas,’* writes Mr. Jess Higgins, Daw- sonville, Ga., “and often I would have bilious spells. I read about Tliedford’s- Biack-Draught and be gan to take it. It relieved me of this trouble. I keep it all the time now. I consider it a fine medicine. I take a pinch of Black-Draught after meals when I need it. It helps to prevent sick headache and to keep the system in good order.” Get a package at the store. Try it! Now you can get Black-Draught in the form of a SYRUP, for Children. Pelle^rn On The Increase. Would Disfranchise All Office Holders Belmont, N. C., August 21. 1932. Editor, Johnstonian—Sun, i Selma, N. C. Dear Sir:— I Thi- writer heartily endorses “The New Idea” submitted by Mr. Wil liam Haynes, Publisher, of New York, set forth in the Open Forum of the Charlotte Observer (Charlot te, N. C ) of Tst. inst., to wit: “Every public servant, that is, every elected officer and appointed employee, and every public pension er, that is every person who re ceives any public funds, should be by law deprived of the right to vote.” This is the most constructive piece \ of legislation propo.sed in America ! during the present century, and I should receive early enactment, with ] no exception for even the executives : and employees of our public educa tional system. i Regardless of action by other I States, or even by our Federal Gov- I ernment, let North Carolina adopt I this “very simple prophylactic that i.is a sure preventative” against or ganized minorities, blocks, and treasury raids.” Surely “Log-roling must be stopped and a high premium I placed on largesse from public treasury,” otherwise the end that I was Rome’s is inevitable for Ameri- ' ca and certain of early consumma tion. I To tho-e who consider public ed ucation (now consuming about 50- per cejit of America’s tax imposi tion) a sacrosanct affair, I com mend Will Rogers’ article in the Charlotte Obseiwer of 31st. ult. (Sec. 3, p. 4) under title of “What’s Wrong .With The Schools?” As Will sees it, and rightly so, “The things they go in for run on by the hour;—some of the darn- de-t things, political science, inter national relations, - drama, buck dancing, sciocology—If a thing is particularly useless why it gives you more credits—Some of these days they are going to remove so much of the ‘Bunk and Hooey’ and the thousands of things that the schools have become clo.gged up with, and we will find that we can edu cate our broods for about one tenth the price and learn ’em something they might accidentally use after they escape—Here we are better educated (according to educational methods) than we ever were. And we are worse of than we ever were, so its not living up to its ‘Billin,g.’ Its overrated. Its not worth the price. Its costing us more than its worth—” Yes, by all means let us have quick enactment of “The New Idea,” with no exemjrtion for the “Big Boy” of all the bureaus—the vast tax- consiiming educational army (some 30,000 strong in North Carolina), before which the politicians cringe in abject terror and to which they are absolutely subservient. Early ad- mini-tration of this “very, simple prophylactic” prescribed by Mr. Haynes is the only effective legis lative remedy for the disease of bureaucracy to which America is fast succumbing. Prompt action is imperative. Delay is dangerous and fraught with evil. "Yours truly. L. A. T-ATUM (Dr. J. JI. Parrott, State Health ■Officer, Issues Advice.) “Pellagra has just issued its challenge to the people of North Carolina and the fight is on, Al- reary more cases of this disease have been reported to the State Board of Health during the first eighteen days of this month than were reported in the State during the whole month of August 1931,' and there i.s every indication that this dread disease will reach even greater proportions during the com ing fall and winter months.” This breifly, Dr. J. M. Parrott, State- Health Officer, sums up the present pellagra situation in North Carolina. Dr. Parrott goes on to say that pellagra is a disease caused by eat ing a diet deficient in certain food elements contained principally in leafy vegetables :;uch as' turnip greens, eollards, cabbage, kale, mus tard, lean meat, fish, .poultry, eggs, milk and buttermilk. Other foods also may be eaten to .successfully combat .the disease, or effect its cure, if it has not reached such an advanced stage that it is incurable. Further commenting upon the .sub ject, Dr. Parrott says, “Now is an ideal time to start waging the fight against pellagra which -u.sually reaches the peak "of its power during the months of May and June, be cause the next two or three weeks is the time when mo.=t North Car olinians will «tart. plant-'ng their fall gardens. I cannot urge too strongly at this time that a supply of tur nips, eollards, cabbage, mustard and similar leafy vegetables sufficient to last until spring vegetables are ob tainable be included in the li.st of iteins planted. All of these vegeta bles can be ea-ily grov/n in all sec tions of North Carolina. The lack of proper diet in winter is prifici- pally responsible for the unusuall.v large number of cases of pellagra always reported during the months of May and June. ■ Dr. Parrott closed with the rather unioiie statement: “T.et’s all use our heads in planting- the right kinds of gardens during the next few weeks and give ‘Old Man Pellagra’ a knockout blow in the ‘solar plexus’, to borrow a terra from prize fight ers. The old adage ‘An ounce of prevention is worth a pound of cure’ is even more true in combat ting pellagra than in many other things.” NOTICE Sale Real Estate for 1931 Delinquent Taxes Chapter CO, Public Laws 1931 as amended by Chapter 296, Public Laws 1931, applicable to the Stats in the Town of Selma, for delin quent taxes for the year 1931, 1 will on Monday, Sept. 5, 1932 -at 12 bidder, for the nonpayment of taxes for the year of 1931, the following rca estate listed to the following parties to-wit: E. R. HALES, Tax Collector For Town of Selriia Name Amount Selma Presbyterian The Selma Group of Churches. Selma Hornets Stin^ Pine Level T'wins The Selma Hornets, a new Junior baseball team, defeated Pine Level in a very close game "Wednesday. The score was 5 to 4. The Jones Bros. led in the hitting. The Selma Line Up was: George Suber, ss. J. T. Hughes Jr., If. Burus Jones, 1 b. Fred Woodard, 1. Lloyd Bradley, rf. Donald Lee Broadwell, cf. Glen Jones, 3 b. Mutt Lane, 2 b. Tom Woodard, c. Services Next Sunday. 1. Selma—11:00 A. M.—Subject: ■“The Man That Blocked a Nation.” Everybody welcome. 2. Oak Grove—3:15 P. M. Come and bring your friends. 3. Mizpah—8:00 P. M. Every body is invited to worship with us, =0 plan to worship with us next Sunday night at 8 o’clock. Dead Timber or Growing Boughts About the only two places one ever hears of dead timber are in the woods and in the church. There is nothing strange about it in the woods but it is rather queer that it should be found in the church too. Dead timber is not necessarily useless, simply because it is dead. It, as dead, has a number of uses and interesting characteristics. One characteristic is that it will never bend, it will either .remain rigid or break. It never grows any more, its life is finished. It is no longer abid ing in the vine. It is a fit abode for the organi.sms of decay. Its life is short. And about the only thing it is fit for is the fire. It burns well. Those are some of the things we might say about “dead wood.” Apply these traits of. character to yourself and see where you stand. Dead timber in the church is worse than useless; it is harmful. Some body will be strongly influenced for good by you if they only note your regular attendance on church and the Sunday School. Let’s see that our influence counts for good. About the only difference you can find with respect to the two kinds of wood. That in the woods can never take on new life, but that in the church can. Christ loves for us to be out and out what we are—“Men.” Abdalla "Vinson Co $69.37 Lewis Abdalla 63.82 Tom Abdalla 14.75 T. H. Atkinson 9.01 W. P. Aycock 59.16 A. D. Atkinson 5.00 H. D. Bateman, Trustee 5.20 Mrs. Rosa L. Biggs 3.47 R. D. Blackburn 48.15 Mrs. Ida M. Blackman 39.54 N. G. Blackman, Admr 43.71 N. G. Blackman 39.01 W. E. Branch 26.90 F. H. Broks 7.61 Mrs. Lelia P. Brooks 8.34 Leon Brown 25.02 Wade Brown 37.81 Geo. F. Scott; Agt 34.69 H. D. Broadway 10.40 Mrs. M. T. Candler, balance 17.06 J. J. Clark ... 2.09 A. A. Corbett 5.55 •C. A. Corbett ^ 60.39 Jno. A. Corbett 2.09 D. P. Crocker 8.32 Jesse Kean Crocker 9.71 Mrs., C. Creech 10.40 J. M. Creech 37.55 J. ’T. Creech 32.46 J. T. Creech, Ex. Collier Est. 20.81 J. L. Current 12,32 E. V. Deans & wife 40.91 H. B. Dewar, balance 23.82 R. M. Dickson 13.87 A. V. Driver & Co 188.79 J. M. Driver 2.50 Mrs. Rosa B. Duncan 10.40 Mrs. C. 0. Durant : 2.07 H. E. Earp 37.74 Mrs. W. S. Earp 24.27 Ml’S. Theo Ea.'On 30.52 C. I. Godwin 59.66 C. P. Ellis 2.07 The Federal Corporation 62.44 C. B. Fulghum 32.40 T. E; Fulghum 20.81 Futrell Heirs 4.85 M. ■ G. Futrell 38.85 Mrs. 'M. G. Futrell 20.81 L. George 233.70 L. George and Miss Bettie Vinson 56.25 Miss Rebecca Godwin 26.94 W. B. Godwin 84.25 Mrs. B. F. Gravely 3.47 H. G. Gray . 2.07 W. A. Green 122.51 N. M. Gurley 24.62 Hamilton Realty Co 1.25 W. W. Hare 54.94 C. P. Harper 100.40 Ro.-coe Hatcher 9.71 S. E. Hatcher 1.39 C. C. Hathaway' 20.42 Mrs. W. A. Haynes 9.71 D. M. Hayes 44.54 B. A. Henry 39.54 C. S. Hicks 2.25 Surveta and C. S. Hicks 17.34 Mrs. Surveta Hicks 50.60 L. H. Hill 12.02 Mrs. Mary J. Hinnant, Est. 39.54 G. C. Hinton 60,85 A. J. Holliday 33.69 H. D. Hood, Est 14.56 Janius Hook.s 1,39 D. A. Hopkins, Est 16.65 C. T. Hopkins 2.07 Mr.s. Elizabeth House 38.84 J. T. & Annie H. Hughes .... 29.46 J. T. Hughes 2.19 Imperial Securities Corp 48.56 J. D. Jeffreys 42.25 N. T. Johnson 31.21 Dr. W. B. Johnson 64.62 Clyde Jones Lumber Co. 38.21 Mrs. W. T. Kirby 36.15 C. E. Kornegay 150.18 Mrs.- M. B. Lane 11.79 F. J. Langley 9.71 M. rs. J. R. Lynch 16.65 I. W. Massey 6.46 Mrs. I. W. Massey 21.44 J. D. Massey 78.15 .T. Sam Mitchener 5.55 J. A. Moore 12.48 Mrs. G. H. Mrgan 30.52 Mrs. R. C. Mozingo 17.65 Miss Anne S. Noble .99.21 Mrs. Bettie Noble, Est 10.47 Geo. M. Norwood 20.31 Dan U. Oliver ... 4.1c J. W. Oneal 32.60 J. E. Parker, Est .. 143.60 5Ir.s. Bertha Parnell 18.72 P. P. Parnell 31.91 J. C. and W. P. Pa.-s .... 77.70 Airs. A. Z. Pearce ... 36.75 H. A. Pearce .... 45.09 H. B. Pearce, Jr .... 95.47 H. B. Pearce, St., Es.t .... 6.94 Aliss Estell Peedin ... 2.77 Vv’. D. Perkins ... 23.59 Person & Vick . 185.22 Person & Vick ; ... 62.44 R. E. Phillips ... 31.91 H. H. Pilkington ... 41.39 Airs. Carl W. Pridgen ... 38.15 Mrs. J. H. Pridgen ... 19.42 Air-. Amanda Rains ... 20.81 R. L. Ray ... 11.84 Airs. R. L. Ray . 203.70 Ray & Robers ... 4.16 E. G. Richardson ... 42.21 Wyatt W. Richardson ... 5.71 W. P. Rose ... 55.50 E. J. Sasser 29.25 W. C. Sasser 75.42 Airs. Annie F. Sellers 22.12 Selma A'lotor Service Co. . ... 41.81 R. J. S.mith .. 24.15 N. B. Snipes 52.12 Miss Amma Stancil ... 16.65 Amma and Sarah Stancil ... . 4.16 Airs. Eliza Stancil, Est ... 27.75 W. L. Stanfield .. 26.48 W. L. Stanfield, Guardian ... 51.77 Airs. W. i.. Stanfield .. 11.79 J. R. Straughan .. 40..37 •J. ■ R. Talton .. 6.94 J. P. Temple 361.01 Mrs. Louie P, Temple .. 43.00 N. P. Terrell . 26.60 The Hardware Store 165.48 -M. C. Tuck 38.45 Dr. Geo. D. Vick .. 68.34 Airs. J. W.. Vick, Est .. 31.21 Ali-s Bettie Vinson ... 7.89 Herman Vinj^on .. II.IC J. M. Vinson, Est .. 12.48 Wake Forest College 152.62 Airs. AI. R. Wall .. 40.41 Mrs. . Sarah M. Wall .. 2.07 Dr. J. E. Ward .. 16.40 Mrs. 1. H. Warren .. 18.94 Mrs. R. D. Weathers .. 47.17 "vV. C. Webster .. 2.07 E. J. Wellons .-. .. 42.31 .1. A. Wellons .-. .. 2.77 H. L. White .. L5.71 Mrs. T. H. Whitley, Est .. 34.6!.' T, H. Whitley .. 33.30 G. M. Willets .. 33.27 E. V. Woodard .. 67.45 I. T. and S. P. Wood 698.82 C. P. Worley .. 41.87 D. T. Worley, Est .. 5.55 Airs. J. H. Worley, E.st .. 27.75 P. C. Worley -. 5.19 Mrs. Rosa B. Worley 168.31 Young Alotor Co .. 6.94 ( (COLORED LI,ST) 1 Julia Atkinson .. 1.04 L. E. Atkinson . 4.85 Ed Barnes . 4.16 Herbert Barnes . 2.39 Isabella Barnes .'. . 1.39 J. P. Bonds .- -- .. 4.16 Charlie Bradshaw 8.56 ( Jane Branch, balance . 10.40 Alary Bridges .. 2.77 James H. Brigman 2.77 Percy Broadie, Est .. 4.16 Charlie Bryant .. 3.21 Roberta Bunn -. 17..34 Daniel Burrell, Est .. 6.25 W. D. Bell .. 9.01 Alinnie Best .. 4.8.7 W. G. Best . 15.82 Henry Blake .. 5.16 LaFayette Barnes . 6.25 Clement Bas-. . 3.46 Etta M. Battle . 12.41 Fletcher Battle ....j . 8.69 Francis Bell, Est .. 2.07 L. T. Campbell . 4.85 J. H. Carroll • . 2.77 Mary Collier .. . 12,50 Norman Dublin . 4.85 Jim Eason .. 7.65 Tom Edwards .. 10.12 Mary Ellington . 13,52 Johnie Everett . 5.16 Celia Fields ----- .. 5.55 Celia Freeman . 4.50 Tom Freeman .. 17.50 Willie Freeman ... . 2.77 Eugenia Garrison . 17.69 Gilbert Gilmore . 9.32 Clara Grandy .. . . 1.39 - B. J. Gregory .. 2.77 Sophia Hinton . 22.00 Mary Hastings . 8.32 John W. Holder . 6.86 Lydia Jones . 8.95 John Kelly . 18.72 Roger Kemp . . 1.39 Laura J. and W. S. King .. .. 38.10 ^ John Lane —- . 10.71 John La=siter . 7.25 d Hattie Leach . 13.87 ; Ed Lee - 2.20 C. C. Lewis —- 26.87 - Indiana Lewis . 6.25 j Millie A. Lewis j Clara Lockhart J. D.. McGee Jerry MeCullers, Est. I v’iola McGullers, et als Blanco McCoy .' Matthew Martin Joe Miles Caroline Morgan, Est. ... Malinda Morgan Grizzie Oneal .A-ndrew Powell Geo. Price Isaac Price Walter Ray Lewis Raynor L.' R. Revell Jim Rich Caroline B. Richard-on Caroline B. Richardson Geo. Richardson N. D. Richardson, Est Ransom Richardson A. T. Ricks L. Robinson, Est Aldia Sanders Adelaide Sanders, E t Charlie Sanders Hannah Sanders, heirs fno. W. Sanders Rebecca Sanders, Est. Oscar C. Saulter .....' Clara Sherrod Frank Simms Mary Smith Thomas Smith Cora J. Stancil Daniel Stancil, Est Ed Stancil A. A. Steele, E.st Bob Surle.s Eddie Thomas John Thomas .Annie Tillman, Est Ijirnest Tonkins Fannie 'rurner John D. Turner, Est Manuel Vinson Rosa B. Vinson .Atlas .Wall Tessie and Della Wall Je .sie L.-Wall O. C. Wall Thomas'" Wall ".emon Wellons Candice Whitley John Whitley ._. This August 3, 1932. MONS BY PUBLICATION In the Superior Court. 'he Federal Land Bank of •Columbir vs Sam' M. Gordon, Martha Gor don and Andrew Johnson. The defendant, Sam 51. Gordon. that said action 'ourt for the relief prayed for in ie complaint. This July 6, 1932. H. V. ROSE, Clerk of Superior notice: The under.signed having qualified This 19th day of July, 1932. E. G.HOBBS, Administrator- 7- 21- 6t. leima Lodge, No. 320, A. P. & A. M, Meets every first and third Tueir" ay at 8 p.m. Visiting Brethri W. T. Woodard, Secretas
The Johnstonian-Sun (Selma, N.C.)
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Aug. 25, 1932, edition 1
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