Newspapers / Daily Herald (Roanoke Rapids, … / Feb. 23, 1933, edition 1 / Page 11
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Solons Continue Battle Over Taxes Raleigh, Feb. 20.—Alternative “general sales” tax of two per cent and a “selected commodity” tax, either to raise an estimated $6,000,000 of the total estimated $25,000,000 a year budget, is in cluded in the sub-committee re port to the joint finance commit tee of House and Senate this aft ernoon, either being looked upon as an emergency tax, to be re moved in two years, and coupled with the eight months school term and abolition of most local tax districts. The sub-committee has amend ed the budget revenue bill and in creased the franchise and income levies to produce an estimated $19,000,000 a year, and leaves to the committee, as “a matter of judgment” which of the sales tax plans is adopted. It goes on the assumption that the eight months school bill will be enacted, and suggests lowering of certain fran chise levies of that is not done. The sub-committee estimated that the removal of the 15-cent ad va lorem tax on property, coupled with elimination of local levies for schools and State support for eight months, will be equivalent to a reduction of taxes to the extent of 35 cents on the $100 valuation. While the committee finds the highway income for two years “highly speculative,” due to dwin dling automobile license and gaso line taxes, it suggests that high way activities be limited for two years to debt service and econom ical maintenance, eliminating practically all new building, and would empower the director of the budget “to use any residue in the highway fund either for the pub lic schools or for general fund needs in the event the yields from the revenue bill fall under our estimates.” Noting the uncertainty of being able to balance the budget, even though that end is sought and ex pected, the sub-committee suggest that if tax yields are not expected at any time, the Governor is di rected either “to reduce by equal and pro rata percentage the pay of every officer, agent and em ployee of the State, in such pro portion as will maintain a balance, or convene the Legislature in spe cial session.” The group also stresses the determination “to re duce the cost of government to the minimum required for the State to function effectively and pre serve its credit under the grim circumstances surrounding it.” The committee signing the re port is Senator R. G. Rankin, chairman, A. D. MacLean, C. M. Waynick, John W. Aiken; Repre senatives R. A. Doughton, chair man, R. G. Cherry, O. B. Moss, F. H. Coffey, S. M. Gattis, Jr., E. G. Flanagan. DIFFERENTIAL and transmission lubri cants being “Heavy Bod ied’’ becomes loaded with tiny particles of worn steel that damages and wears away your gears. Change often and avoid grinding, noisy gears, as well as the probability of having to install new ones. Let us serve you. SMITHS Service Stations Acting Sergeant-tt-Arm* J. Mark Trice, 30 years old and former Deputy under David S. Barry in the U. 8. Senate, is now acting; Sergeant-at-Arms since the removal of Barry by the Senate Committee. Trice is bilieved to be the youngest «ver to hold the t ition. State Inaugural Committee Named Raleigh, Feb. 20.—Twenty-two prominent North Carolinians, in cluding his three living predeces sors, the members of the “North Carolina Ejx-Governor’s Club,” have been named by Governor J. C. B. Ehringhaus as members of the N. C. State Inaugural Commit tee to attend the inauguration of Governor-Elect Franklin D. Roose velt in Washington, D. C., March 4. In addition to former Governors O. Max Gardner, Shelby; Angus W. McLean, Lumberton, and Cam eron Morrison, Charlotte, and Lieutenant Governor A. H. Gra ham, Hillsboro, and Speaker of the House R. L. Harris, of Roxboro, the list includes the following: Josephus Daniels, Raleigh; J. Wallace Winborne, Marion; Mrs. Palmer Jerman, Raleigh; Miss Beatrice Cobb, Morganton; Harry McMullen, Washington; John Horne, Rocky Mount; J. 0. Carr, Wilmington; R. B. Terry, High Point; Fred S. Hutchins, Winston Salem; Jasper Wiggins, Edenton; Alton Lennon, Wilmington; Mrs. Thomas O’Barry, Goldsboro; J. Luther Snyder, Charlotte; J. M. Westall, Asheville; Mrs. J. L. Scott, Greensboro. Mrs. H. L. Fahey, visited her mother in Oak City, N. C. Sunday. Bank Deposits Show Bright Evidences Of Financial Stability Raleigh, Feb. 20.—Evidences of financial stability, slight, but sure, are seen in the report of condi tion of State banks in North Car olina as of December 31, as com pared with September 30, issued by Commissioner of Banks Gurney P. Hood. For instance, six kinds of bank deposits showed an increase, some of them slight, over deposits of three months before. Demand deposits due banks are less than $100,000 greater; deposits subject to check are neraly $3,000,000 more; deposits due public officials are nearly $2,000,000 greater; de posits secured by pledge of assets are a million dollars more; time certificates of deposit are. more by about 100,000, and, stranger, prob ably, savings deposits showed an increase of nearly half a million dollars, over three months before. One bank was lost in the three months, the number at the end of the year having been 295, with 80 branches. Total resources increas ed from $207,701,291 to $212,156, 021. Loans and discounts dropped about $3,500,000, while overdrafts almost disappeared, dropping two thirds. U. S. bonds increased more than one and a half millions; N. C. bonds increased nearly two mil lions; county and municipal bonds went up nearly two-thirds of a million, while other stocks and bonds dropped more than a mil lion. Amount due from Federal Reserve Bank was a million and a half more; due from approved depositories increased three mil lions, and cash in vault showed a slight increase. While capital stock, surplus and undivided profits each showed a slight decrease, reserves increased nearly a million dollars and bills payable were almost $2,000,000 less. These figures and others in the report give some slight ground for hope, it is believed. Friends will be sorry to learn Edd Woodruff is ill at his home on Hamilton Street. Mrs. Harry Johnston has re turned to her home in Norfolk, Va. after visiting relatives here. Get Rid of THat SORE THROAT! Any little soreness in the throat grows rapidly worse if neglected. Crush some tablets of genuine Bayer Aspirin in some water, and gargle at once. This gives you * relief, and reduces danger from infection. One good g«i-gte t; and you can feel safe. If all soreness is not gone promptly, repeat. There’s usually a cold with the sore throat, so before gargling take two tablets to throw off your cold, headache, stiffness or other cold symptoms. Bayer Aspirin relieves neuralgia, neuritis, too. You may use it freely, it does not hurt the heart MO TABLETS ARE GENUInF BAYER ASPIRIN WITHOUT THIS CROSS Still Mystery Child Hedwig Doe, 6, remains uniden tified as American police try to unravel possible^ kidnapping from Germany. State Loses To Gas Distributors Raleigh, Feb. 20.—The State of North Carolina lost another round to half a dozen or more large gas oline distributing companies, Stan dard, Gulf, Texas, Sinclair, Shell and others, in the action brought by Attorney General Dennis G. Brummitt charging violation of the State anti-trust laws and price fixing regulations, in the contracts they make with the filling station operators. Mr. Brummitt held hearings a year or more ago of the companies. The gasoline companies demurr ed, which is to say, they admitted all Mr. Brummitt charged, but de nied that such was violating the law. The demurrers were sus tained, and Mr. Brummitt offered new evidence. Judge Cranmer last week held that the briefs of fered contained no new evidence and dismissed the action. The next step is an appeal to the State Supreme Court from Judge Cran mer’s ruling sustaining the de murrer. State To Celebrate “Fraternity Day” Raleigh, Feb. 20.—“Fraternity Day” will be observed in North Carolina on Sunday, April 9, cen tering in a monster gathering of heads of most of the leading fra ternal orders in State and nation in Charlotte, plans for which are being made by a committee of 100 prominent fraternal leaders. Governor J. C. B. Ehringhaus has been invited to speak on “Fra ternalism and the State,” while Dr. C. K. Proctor, superintendent fo the Masonic Home at Oxford, will speak on “Fratemalism, the Home and the Church.” A musi cal program featuring Easter mu sic, will be given under direction of Professor L. R. Sides, head of music in the Charlotte schools. A banquet of fraternal leaders will be held on Saturday night preceding the fraternal day exer I cises. D. E. Henderson, Charlotte fraternal leader,, made the an nouncement after calling upon and inviting Governor Ehringhaus to speak. Miss Mattie Lee Taylor and Miss Clyde Rook spent the week end in Henderson visiting friends. WAWMAWWWWNW SMITHS RADIO SHOP Dial R-363 Electrical Wiring, Installa tions and Repairing of all Kinds. EXPERT RADIO REPAIR Guaranteed Service ' WWWWWWWWWWM It Will Pay You to Refer All of Your Insurance Questions to this Agency When thoughts of loss and questions of pro tection arise—and they surely will—do not dismiss them, perhaps to your lasting regret. Start the protective hahlit of referring all of your insurance problems to this agency and thus making sure that you have enough in surance—properly placed on your property. Telephones are handy! When in doubt, ’phone. Your queries will be answered glad ly without a hint of obligation. You are as much entitled to information about insurance as you are about trains at the station. Make Sure BEFORE the Fire— Call Today ! National Loan & Insurance Co. INC 12 W. Second St. Dial R-444-1
Daily Herald (Roanoke Rapids, N.C.)
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Feb. 23, 1933, edition 1
11
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