North Carolina Newspapers

VOL. XLIX OUR RALEIGH LETTER New Law Exempting Foreign Securi ties from State Tax Predicted Will • Increase Such Holdings; No Rush of Millionaires to State Yet; Ex changing Taxable tor Non-Taxable Securities—Suit Likely About Sale of Old C. F. & Y. V. Railroad to Right Alleged Wtong of 25 Years Ago. (By Maxwell Gorman.) Raleigh, N. C., April 24.—This is the time when many wealthy people seek the stock-broker {and as often he seeks them) for the 1 purpose of escaping payment of taxation on certain classes of in vestment?, the time for listing these securities being near at hand. One of the most popular forms with such people for beat ing the State is to temporarily "exchange" large sums in stock of concerns that are taxable in this State for stocks exempt from taxes here, because of having been already paid by the corpora tions issuing them or because of the recent act of the Legislature v exempting stock in foreign corpo rations held in North Carolina from ad valorem taxes. The time for listing and collecting such taxes expiring, these stock brokers will again swap the se curities for the original (for a "consideration," of course), and thus the old State is euchered out of its tax money by these money changers. Next year the same old game is played over again, and even attractive display ad : vertisements w.ill be carried in the daily papers by these stock brokers reminding the over-rich it is time to do it. But the poor man and the poor woman (likely 'as not Jibe poor widow) is required by the law (that majestic creat ure!) to pay taxes on every dol lar over the small J3OO exemp tion—or the sheriff takes it over and sells it. Not Working as Well as expected. But it will be interesting read ing to many people to learn that there has'beien no rush this year to swap taxable securities or in vest ready cash on har d, and therefore taxable, for these foreign corporation securities. Meaning by "foreign" the corporations doing business aud chartered in some other State than North Caro lina, or foreign country. The maiu reason is said to have been flue to fear that the new law is going to be repealed Indeed, there is a strong sentiment lean ing to the belief *that the Demo cratic State Conventiou, due to assemble one year hence, may re pudiate the action of the General Assembly in euacting such a law aud declare for its repeal. That, jf cdurse, would settle the matter of its longevity, limiting its life to the assembling of the next Legislature. Raleigh stock dealers make the statement that, so far, the law exempting stocks in foreigu cor« porations from ad valorem tax£s has had little effect upon the se curities bought by North Caro linians, but if' the act is not re pealed l-y the next General As sembly the amount of foreign stocks held by North Carolinians will be very greatly increased. The above summarizes the opinion of Raleigh brokers, who are now experiencing the busiest period iu their careers, due to the desire -- of people with wealth to convert their surplus funds into non taxable securities. Accordiug to all the Raleigh dealers in securities, there has already been au increase iu the •holdiHgsof foreign securities in this State, and this to date seems the ohly effect of the new law. So far the great influx of million aires to North Carolina that was predicted when the legislation was pendilig has failed dismally to materialize Three leading dealers in secur ities in Kaieigh, when questioned THE ALAMANCE GLEANER. in regard to thfe matter, analyzed the situation with striking unan imity aud reported almost identi cal experiences with their custom ers. They agree that if the law is permitted to remain on the books t will increase greatly the amount of foreign securities held in this State and will make it more difficult for North Carolina corporations to market their se curities. But all report that so far there has been nothing resem bling a mad rush on the part of phe investing public towards stocks in foreign corporations. Suit Over Dismemberment of Yadkin Railroad There is about to begin, in pur suance of action taken by* the Legislature at its last session, a suit by the State of North Caro lina in an attempt to right an jklleged wrong done the State in the sale and emasculation of the old Cape Fear and Yadkin Valley Railroad property, which occurred in 1898, when, it is alleged, the road was split between the Atlan tic Coast Line and the Southern at S nford, in defiance of the order of sale issued by the United States District Court. Announcement to this effect was made by Governor Morrison following a conference with At torney General Manning, who, the Governor stated, has advised that court action be taken. The pres ent move is in conformity with the resolution of the General As sembly of which authorized and directed an investigation into the dismemberment of the railroad and, if necessary, a suit to correct alleged fraud iu the transaction. Governor Morrison did not make public in any detail the plan agreed up >n, neither did he specify the nature of the action which the state will take iu the matter. The General Assembly >f 1913, it is recalled, authorized the State Corporation Commission to make an iuvestigation of the circumstances of the sale and to transmit this to the Attorney General. The" late Governor Bickett, who was then Attorney General, held that the action was one that jnoperly came within the powers ot the United States At torney General under the Sherman Anti-trust Law. The report of the Corporation Commission with a transcript of the evidence was transmitted to the Attorney Gen eral with a request that he start action. No action was taken by h ! m. I • At the last session of the Legis lature the question, which has been periodically agitated for twenty years, was revived, and with the passage of a resolution introduced by Senator Menden hall, the present action was pro vided for. Attorney General Manning has just advised Gover nor Morrison that he thinks a snit is tho proper course for the State. Judge Mauuiug stated that he will determine in the next ten days or so the nature of the action to be taken by the State. The measure as originally pre sented authorized the employ ment of additional counsel to assist the Attorney General, but this was stricken out before the final passage of the resolution. The Governor, however, has the authority to employ additional counsel if he sees fit. Tariff and Profiteering Stop Farm Building and Improvement. Farmers in the Middle West have abandoned all their plans for building aud improvemeuts this spring owing to the exorbitant prices of materials of all kinds, according to a dispath published in the Business Section of the Phil adelphia Public Ledger. There' have been increases in the price of hardware of all kinds and fur ther advances in prospect, i Hardware Age, a trade publica tion, reports a rise of 10 per cent in braces, tool handles aud rules. "Rumors are heard concerning similar advances in other mechan ics' tools," says the Hardware Age. There has been a steady upward movement in the coal of building materials aud hardware since the passage of the Korduey-McCumber! profiteers' tariff law. _ The present duty on builders' hardware and all other kiuds gives the manu facturers au opportunity to adu $44,000,00*) to their prices. This sum would be doubled against ' consumers. GRAHAM, N. C., THURSDAY. APRIL 26. 1923 WORLD COURT A . STEP TOWARD LEAGUE. Is Inference from Hoover's Speacb to Women. Washington Correspondence. Analysis of one paragraph of tne speech delivered by Secretary Hoover before the convention of the League of Women Voters in Pes Moines, la., seems to justify the prediction of a small band of Republicans that President Hard ing, before the next general elec tion, will favor American member ship in the League of Nations. Pressure from within the Repub lican ranks, these forecasters have conteuded, would oblige Mr. Hard ing to revqpse himself and his party. This pressure for a larger co operation between the United States aud the rest of the world has been growing rapidly within the Republican party in tho last few months. President Harding's proposal that this country be rep resented in the International Court of Justice, resulting from this pressure, gave much impetus to the movement towards partici pation in the League of Nations. There is abundant evidence that thi.s*sentiuient is gaining among Republican voters. Senator Pep per's disavowal of his previous views of the League is one indica tion of the extent to which men and minds have changed in the last three years. The paragraph in Secretary Hoover's speech to which is given au interpretation of President I Harding's uear approach to[ America's full membership in the' League is the following: "Permit us to make the plea that President Harding's proposal should not be condemned because the International Court does not go the whole gamut of Interna tional cooperation," said Mr. Hoo ver, after having recounted the various objections urged against the League of Nations and the Court. "Those who con demn the proposal because it is ' merely one method, are the ones who would have com plained on the Wednesday night of Genesis, and would have gone to bed with a grouch because the Creator had not yet made a finish ed job of the sun and the inoon, and would have called a mass meeting on Thursday morning to demand more formarl action." Disregarding the bid taste of the Comparison of the President's formulation of a policy toward the luternationaLCourt with the' creation of the Universe, the in terpreters of Secretary Hoover's: utterance construe it as having been intended to foreshow Mr. Harding's future ad van ce s Leagueward. They consider the whole aus pices, tenor aud circumstances, of the address as validating their view. In the first plac«», Mr. Hoover belongs not to the irrec oucilables of the President's party and household, but to the group favorable to a larger inter national collaboration- It is be lieved that this fact prompted his selection as the President's rep resentative at this couvention of women voters. Moreover, the speech was carefully scrutinized j by Mr. Harding, who thereby mad« its statements his own., The whole b-nt of the address was to ward aud not against additional relationships WI:(J the outside world. "In our generati n," said Sec retary Hoover, by way of perora tion, "we need no emphasis by survey of the grief in millions of homes from the last war, the mis ery of famine and anarchy, the revolutions that have twept many countries and threatened others, the lowered standards of living, and the more terrible possibilities of a future war through the ad vancement of science-to warrant any?of us submitting to condem nation as idealists if we can but build eveu a little of the road toj peace." * This seems to have been said in anticipation of a return of that t storm ot epithet and obloquy which President Wilson's policies! encountered. ''ldealist" was one of th l * woids which the Republi- 1 can irreconcilable* —including Mr. Harding—hiss»d ofienest through scornful lips. THIS IS GARDEN WEEK. • Some of The Things That (?an and Should be Done. The week of April 22 to 28 lias been designated as National Gar den Week in the United States. It will be observed iu North Caro lina by the official proclamation of Governor Cameron Morrison and by efforts of extension workers of the State College and State De partment of Agriculture to devote more than usual attention to the planting of gardens aud the beautificaticns of the farmsteads. C. D. M atthews, chief of the vision of Horticulture, gives as the purpose of Garden Week, the encouragement of the orderly planting of vegetables, flowers aud ornamental plants. There is now on foot in North Carolina a movement to encourage the Live at-Home idea and this takes in the main ideas of Garden weeK. There is also a garden campaign being couducted at this time by the negro farmers and this National Garden Week comes at the same time toaiu and further encourage the work that the State has al ready begun. Prof. Matthews says that some of the things which may be easily done this week are: Clean uo the waste and barren places and beau tify them with grass, flowers or viues; start an all-year garden so that some vegetable may be serv ed fresh each day in the year. He gives the following plan to be used during the week: "Clean up get rid of all rubbish, bro ken fences and other unsightly objects. Brighten up —paint the buildings, plant the barren spots and give the farmstead and home an air of neatness and orderliness. Keep it up—don't stop when gar den week is over. Make this just, a beginning. Plant perennial flowers and shrubs as these come every year and get better as they get older. Beautify tho place and success will follow." G. 0 P. Organ Hits Flexible Tariff Clause- In the National Republican,- official organ of the Republican National Committee, appears an editorial which contradicts state ments of Republican Senators who told the public last summer that the "elastic provisions" ot the Firdney-McCuiuber law authorized the President to modi fy the duties which tho Tariff Commission found unreasonable. It seems that when th j.se Republi can Seuators gave the public this impression they either worn de ceiving themselves or attempting to deceive the country. "The flexible provisions of the tariff law were intended only to correct abuses and meet emergen cies, not to abdicate the control of Congress over tariff tion," says the National Republi can. "Attempts- to arrogafe-ad ditional power for the Commis sion would undoubtedly result, deservedly, in its abolition." Democratic Senators contended that the "flexible provisions" of the Fordney-McCumber act were unconstitutional, but the Repub lican Congress enacted them, nevertheless. The Tariff Com mission is now engaged in investi gating rates with a view to recom mending changes. This exercise of authority as to a few items of the law will "abdicate control of Congress over tariff legislation" just as much as its exer cise in a thousand instances. But the "flexible provisions" were added oiWy as au alibi, anyhow. They were nover seriously intend ed and apparently are not likely to be fairly autl conscientiously applied. The folks had a community day at the Middlesex school in ash County recently when the men pulled off their coats and plowed, dug and hauled all day while the children cleaned hp the grounds. The Home Agent and Landscape Specialist of the Stan- College and j State Department of Agriculture: made plans for improving the grounds, -even 'tlier schools were also helped in the same way. The farmer who doesn't worry much today is the one who has a monthly iucome check from chick- Jens, cows, hogs and a big check 1 when his cash crop is sold. HOG CHOLERA. How to Control it and What to do. The Packing plants of tho west first established to take care of surplus beef rapidly began to use the hogs of that section and af forded the farmers a good market through which to sell their corn at a profit This was how the middle west became to be known as the only section where hog raising could be financially suc cessful, says Dr. F. D. Owen, in charge of hog disease eradication in .North Carolina. Times are .changing, he thinks, as indica tions are now that hogs can be raised just as cheaply and mar keted just as successfully in North Carolina as in that myth ically favored territory of the plains. But there are some drawbacks to the industry cautions the in spector and the biggest of these is hog cholera. He gives there fore tho following four sugges tions about controlling this dis easo and believes that where th*»y are put into practice, good re sults will follow; Ist. An;- animal appearing oft' feed should be immediately iso-1 lated, punning the animal iu such a manner that he cannot come in | contact with other hogs, eitherj directly, through association, or* indirectly, by means of running; streams, or near highways. This] is required by the State Live-j stock Sanitary Laws. If the herd j has not been immunized, susp'-ct! hog chilera always, until the! trouble has been proven to be something else. 2nd. Immediately burn to ashes, or bury under at least three feet of earth, and iu quick lime, the carcasses of*every ani mal that dies from any form of natural death. This is also re quired by the State Livestock! Sanitary Laws. The practice of hauling dead animals off to tho, woods or swamps, or permitting j such to remain un buried or burned, to be picked to! pieces by buzzards or by stray dogs, cannot be too-strongly con demned and owneis who so dis pose of their dead animals show au utter indifference not only to the law, but to tho welfare of their neighbors' stock. 3rd. Make iimiredi»te arrange ments with your local veteri uariau or serum administrator to vaccinate the herd. Remember, the cost of one animal which dies will usually t>e sufficient to have paid for vaccinating from 25 to 75 of the remaining animals, Also bear in mind that the serum and virus which is used in vaccinat ing is a pjrishable product,there- 1 fore very few veterinarians or! seruin administrators keep a sup ply on haud, but have to order from Raleigh or other places as needed, and each day's delay might mean the loss of one or more animals. 4th'. After the disease has sub sided, clean up and disinfect about the premises and lots where l£e sick animals have been confined. Rake up and burn all trash, such as old corn cobs or weeds, haul the manure from the infected hog lot to som« portion of the farm in accessible to hogs, and plow uuder at once if possible. Burn all old bedding, troughs. If possible, plough up aud crop for a season the ground ou which sick hogs were confined. If not, then sprink le lime about freely. Thorough ly i lean aud wash, then disiufect by sprinkling or spraying with lime and carbolic acid, the inter iors of all hog nouses and shelters, and apply same to tho fence posts and. r ills giving particular atten tion to the corners and spaces where the sick auimals have been dispose 1 to lie. By such prompt and energetic action Dr. Owen believes hog chol era c au be brought under close control, and the. present great {losses cau bo brought to a mini mum. The farmer with no schooling | earns 8240 per year; with a com mon school education, $505.50 per 'year; high school education, per year; with a short | course training added, 1898.95 : but when he adds the full four 'year course iu an agricultural college his average income Jumps to $1,254.00 per year, find investi gators at the State College, Juvenile Courts Public Welfare Progresss. • , Much of the dissatisfaction with regard to the operation of the juvenile court system in North Carolina, which recently found expression in the bill defeated in the last General Assembly to re duce the upper limit for the juris diction of the juvenile court from 16 to 14 years, is the result not only of a superficial acquaintance with the methods of practice and procedure of the juvenile court, but also a misunderstanding of the purposes the juvenile court was created to serve. The juve nile court is a part of the superior court system. In each county" the clerk of the superior court is »the judge of the juvenile court, and the county superintendent of public welfare is the chief *pro bttion officer. In some eases, in addition to the county juvenile courts, there are city juvenile courts with the recorder acting as juveni e court judge. The juve nile court has jurisd'ction over delinquent, neglected, and depend ent 'children uuder/16 years of age, Under normal circumstances a child's own parents are the best guardians of its interests. Oc casions sometimes arise, however, when the parents, the natural guardians of a child, are unable to control it or give it the moral training aud discipline it needs, or el*e are unable to supply the conditions necessaryfor a child's developing into a normal, ffell round, law-abiding citizen, The juvenile court then steps in and says to the parents iu effect: The training of your child is not merely a matter of personal con cern to you aud the child alone, but is a matter of deep aud vital interest to tho state. The we?fare and the existence of the state de pends upon whether your jebtkL and your neighbor's children, are given the training that wiLr of them selfsupj>orting/eitizfeifo. able and willing to imare "Che responsibilities of government, or whether as a result of neglect aud subjection to demoralizing in fluences they will join the crimi nal, the pauper, fcud the defective classes, which are drains upon the vitality of th - state. As a juve nile court we feel that if the con ditions uuder which your child is now living are continued he stands in grave danger of be coming a social misfit and a bur den upon society, and in order to prevent such an outcome we, as representative of the state assume with you as parents, a joint re sponsibility for the education and training of your child. The superintendent of public welfare will visit your home to study your child's habits and temperament, will Investigate the social con ditions of your community and the problems which it .presents, and will eudeavor to briug all the community influences, the church the school, the playground, the social clubs, to bear upon the problem of training your child iu constructive ways for citizenship. If you are unwilling or unable io co-operate with the state effective ly in this dual responsibility, the state may take your child com pletely under its jurisdiction as a ward of the st*te, aud may subject it to such discipline or give it such protection as it may fc*em proper for the best interests of the child and of the state. As a last resort after all other methods have proved unsuccessful your child may be sent to an institution. The fact that every county has the machinery of a juvenile court does uot mean that they are all doing effective work. Whether your county juvenile couft is one merely iu uatuo or whether it is actually doing constructive work for the child ou probation in his own home, in his school, aud in his play groups depends upou what the community expect) aud demands of its juvenile courts, of the juvenile court judge, and of the chief probation officer. If the juvenile court officeis and the community look upon the juveui e court as a child's edition of a police court or a criminal court you need uot expect worthwhile results. Guilt aud punishment are both concepts foreigu to the spirit and the practice of the juvenile court The judge of the juvenile court and the chief pro bation officer should ba trained, NO. 12 sympathetic, end experienced men; they must know child life, the problems are of tbe family, local social conditions, the use of social agencies—and above all they must have a positive con ception of probation as a vital, adjusting, educational force in the child life of the community. An effective juvenile court is a community res|>on6ibility. What kind of juvenile court will yon have? Southwest Alamance. Acrobat Gives Exhibit at Oakdale— Henry Buckner Died Saturday—C. O. Crouse Better—J. W. Alexan der and Wife Improving. Cor. of The Gleaner. Willi ford of Wake forest ifave an acrobatic performance at Oak dale Saturday night, 21st inst. Everyone who saw the stunts were very much surprised. It is said he is the most limber man in the world. Henry Iluckner died Saturday night at his home at and was buried at that place lion day . He leav- s a wife and firs children, two sous and three daughters—Htrri-ori and Baxter of Burlington astu Mrs. Ricn and Mrs. W ebter and one daughter unmarried, ail of Beilemont. The many friends of E_ O. Oronse, who has been :rom severe throat trouble, will be glad to know he is improving. J. W, Alexander and wife are iu right feeble health, but slowly improving. The password of the Owl's Nest is, "I will not bother the neigh bois' chickens."* For, Lo! the winter is past, the rain is over and gone the flowers .appear on the earth; the time of the singing of birds is come, and , the voice of the turtle is heard ic our land.—The Song of Solomon. Clean milk, the basis for good butter, is the only kind that should be sold to creameries, say dairy extension workers. SUBSCKIUB FOR THE GLfcANEB 6 66 is a Prescription for Golds, Fever and LaGrippe* It's the most speedy remedy we know, preventing- Pneu monia. PROFESSIONAL CARDS LOVICK BL KERNODLE, Attorney-at-Law, GRAHAM. N. C. Associated with Jobs J. Henderson. Office aver National Halk »r llanaMt THOMAS D. COOPER, Attorney and Counsellor-at-Law, BURLINGTON, N. C, Aiaocutod with ▼. S. Coulter, Not. 7 and 8 Ftnt National Bank Bidg. S. C. SPOON, Jr., ML D. Graham, N. C. ' Office over Ferrell Drug Co. Hours: 2 to 3 aud T to a p. in., and by appointment. Phone 97' —___________ GRAHAM HARDEN, M. D. Burlington, N. C. Office Hours: 9to 11 a. m. anit by appointment Office Over Acme Drug Co. Ttltflmiiti: Office 4 lO—Hesldenee SO* JOHN J. HENDERSON Attorney-at-Law GRAHAM, N. C. OUtec over National Baakof «' IX, S. COOK, Atternay-«t-La«- 1 UAH AM, .... N. C UQcu Patterton Building tiacond Claor. . . Dli. WILL&LMfI, JR. • : • De !lli ßT ? 1 B Srihim, .... North Caratlaa, ! OFFICE IN PARIS BUILDING