Newspapers / The Alamance Gleaner (Graham, … / July 10, 1930, edition 1 / Page 2
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1 HE GLEANER GRAHAM. N. 0., JULY 10,1990. ISSUED KVEBY THUB8DAT. J. D. KERNODLE, Editor. | $1.00 A YEAR, IN ADVANCE. Bntared at tue PoRtofflce at Graham. N. 0.. MH awuuu-dlRI" matt.fr. The Motor Vehicle Bureau, Kal-j eigh, reports more than seven cars stolen daily in the state for the year ending June 30. Were the "lifters" j riding around looking for jobs? Calvin Coolidge, the 30th presi dent of the United States, was born under a lucky star. lie was born at Plymouth, Vermont, on July 4th, 1872. If Mr. Hoover can wring prosper ity out of the conditions now pre vailing, he will be entitled to a re nomination by his party. Otherwise? 1 woe unto him 1 The national Republican organize- J tion has fallen out with its chairman, j - Claudius Huston, and is after his scalp. They, the G. O. P.'s, say he must get out, but he is fighting back. .. According to a government report, Is'orth Carolina leads the cotton growing belt in reduction in cotton acreage. The only sane thing to do is to produce only the amount that can be consumed, then the price will stay where a profit wdl be returned to the grower. Gov. Max Gardner in a way ini tiated slicing from budgets. The head of the State was nervy to do it, but about the only condemnation will come from those who hold "pie" jobs. The people who "shell out" the dough will commend him. The course taken by the State should be emulated by counties and towns. President Hoover called the U. S. Senate to meet in special session last' Monday to consider the London Navy Pact. The Congress adjourn ed last Friday and on the same day the call was made for the special session. Poor progress is being made in the matter for which the Senate was convened?certain mem bers of the Senate and Mr. Hoover being at, what seems, an unrecon cilable variance about certain docu ments and notes passed during the London conference, which Mr. Hoover refuses to open up to the public. Tariff Comments Whaf Leading Papers, Partisan and Independent, Say about The Grun dy Tariff Bill. ALL CONDEMN IT. "No doubt a large proportion of voters who are strongly in fav or of protection to industry, labor and agriculture have been conviu ed that the new measure is bad legislation that will harm them, and the country."?Washington Post (Rep.) "The debates preceding the vote showed that few Senators who supported the bill really believed in it. Some of them vot ed for it for the sake of party regularity, some because of a few rates favorable to their own states and some because of a desiro to see the end of the protracted dis cussion and the uncertainties which they believed wore retard ing the recovery of business Senator Keed supported the bill on the grounds that it was better for the country that the tariff agi tation be ended than that it be euded right. That is the worst ? of all reasons '.Senator Reed admitted that the bill is un popular among both consumers and producers. The apologies of those Republicans who denouuced the bill and then voted for it will , not relieve them of one iota of responsibility. They caunot es cape by the route of confossion and avoidance The coun- i try is not likely to forget this vote between now and November."?N. Y. Morning World (Ind. Dem.) "Passage of the bill by the Senate has, of course, been dis counted in advance by business men as well as political observers. 1 This is what makes so amusing i the solemn assurances of Senator i Watson that the enactment of the i tariff bill will at once start a gold- i en straam of prosperity in this i country Everybody hopes that good tiuies will come back even sooner than Senator Watson prophesies. But all sensible people know that if they do come back it will be for reasons almost wholly unconnected with tariff legislation Thousands ol men have not been thrown out of employment, and prices cut down, simply because Congress had not put the right kind of duty on 'wiping rags' or had not sufficient ly protec ed our wheat and cotton from the danger of mythical foreign imports of those pro ducts."?N. Y. Times (Ind.) "The act as it stands was not highly acceptable to many of its Senate supporters It need not be contended that this tariff act is popular Be the tariff good, bad or indifferent or a mix ture of all three, the industries of the country will soon know exact ly whore they staud."?N. Y. Herald-Tribune (Hep.) "Yesterday the Senate, by a vote of 44 to 42, passed a tariff bill whicli embodies a general up ward revision, places the Ameri can tariff wall about 18 percent higher than it ever has been, tax lee the farmers of the country heavily instead of relieviug them, and grauts 'relief' to scores of in dustries where the foreigu com petition, instead of being 'insup erable', is all but imperceptible. . Besides being an insult to the uutiou and a real daug'-r to its economic welfare, the bill is an almost complete repudiation by the Republican party iu each chamber of Cougress of President Hoover's prescription oi a desir able tariff revision. If he has any sincere respect for his own opin ions on tariff-making, as publicly given to the country, he can do uothiug but veto this bill. Wheth er he has that respect is now a matter of very great interest to this country." ? Baltimore Sun (Ind. Dem.) "The gentlemen of the Senate have sought to place on American industry and the American people a burden that cannot fail to be severely damugirig." Cincin nati Euquier (Ind.) "What shocking precedent foi the future to suggest that Con gress may feel free to pass any sort of tariff monstrosity undei pressure of privilege and profit grabbing, leaving it to the Pres ident to pore over thousands of rates and try to undo what the lobbyists and log-rollers have done!" N. Y. Evening World (lud. Dent.) "The opinion seems to be pretty uoarly unanimous that the Pill is defective." ? Philadelphia In quier (Rep.) "Although uncertainly bad for business, realization of a program of tariff revision that an influen tial section of the industrial and financial world has long been dreading is not the best kind ot stimulus to apply -to distressed industries. Silent acceptance of the Tariff Act would have been more reassuring than the state ment that has issued ffom the White House There can be no questonthat the Hepublicau Party deserves all that it will get, and perhaps more, for the way it has behaved itself in the past year and a half."?N. Y. Journal of Commerce (Ind.) "Certainly none among the pre vious measures which the Presi dent enumerates for comparison with the Smoot-Hawley bill ever aroused so much protest from men engaged in business. This is not because the rates are loo low, but because they are so high in many instances as, first, to threat en the purchasing power of the cousuraer anil, second, because they plainly invite reprisals abroad with anticipated injury to our export trade He knows that the bill does not even remotely resemble what he asked for."?Brooklyn Eagle (Kep.) "In order to establish the mod est nature of the revision, .Mr Hoover cites figures from the Commission, prepared for his con venience by officials whose jioliti cal lives he will hold in the hollow of his hand As an intel lectual performance from an eco nomist President, Mr. Hoover's statement is too pathetic to stand Could it be that Mr Hoover, the economist, much of whose strength iu the White House was presumed to lie in his capacity to formulate aud carry out economic policies, attached his signature to such a complete repudiation of his prescription of a sensible tariff revision? Alas, it not only could, but was. And thus ends (or is it begins?) another noble experiment."?Baltimore iuu (Ind. Demj Never whs h document damned with fainter praise. In an effort lo justify the highest rates that ever have heeu imposed by a I tariff,* he resorts to a Smoot-like device of juggling statisticts .... It is a clftwsy slat istical trick, deeeiVjng nobody and altogetber unworthy of the President of the United States. .Mr. Hoover is more at ease in dealing with a commission than with Congress, but even if lie were uot destined lo face selfish, scheming interests when lie comes to apply the fl?*'" ble section, the simple truth is that Congress has wrought more injustice to the consumers thru the Hawley-Smoot tariff than the most industrious of commissions could correct in ten years ... .Placed where he had to be president of the Uuited States or president of the united manufact urers, he sided with the special in terests that/finance the Repub lican party." Richmond (Va ) News-Lender (Ind. Dent) "Is it possible that the Presi dent does not know that the Tariff Commission has fixed the average dutiable rate of this bill at more than 40 percent, and that this figure was accepted and used by all the advocates of tlio bi41 in the debates? Is it possible that the President does uot know that this is an increase .of 20 perceut over the existing law, according to the Commission's own figures? The arguments used by the Pres ident are disproved by the argu ments which Hoover, as Secretary of Commerce, and Hoover, as pre sidential candidate, used to show the absolute dependence of Amer ican prosperity upon foreign out lets for our mass production sur plus? foreign markets now jeo pardized by foreign tariff reprisals No one can explain away the disastrous effects of this suicidal legislation on American prosuerity."?Pittsburgh Press (Ind.) "The President's defense of the bill is more if hu apology for its sins of 'lobbying and log-rolling.' We are glad t hat he did not call it 'the best tariff bill we ever had' As it is, he will lose thousands upon thousai ds of vot . es by his one brief sentence, 'I shall approve the tariff bill.' The turiff is a terrific polt , tical burden for the Republican party."?N. Y. Evening Post (Rep) "The reaction at home and a broad is the most adverse evoked in the whole history of tariff mak ing Against such prepon derance of evidence even the voice of a President is indeed a minority The informed opinion of the country is that the llawley-Smoot tariff' is a dreadful mistake. For the consequences Mr. Hoover will now necessarily be held answerable."?St. Louis Post-Dispatch (Ind.) "The very meager accomplish ment in the bill has been more than cancelled, by the political and euomicai price paid for its enactment."?Chicago Tribune (Rep.) "The oqly genuine satisfaction that can be found in the passage of the bill lies in the fact that its advocates may argue that it will justify itself in the experience of the tuture, but they are certanly embarking on a hazardous course which is uudefeuded by American business and which is challenged by nations with which we have tremendously important commer cial contracts.'?Providence (R.I.) Journal (Ind.) "Mr. Hoover is on the defensive and will be on the defensive until the polls close in November, 1932. He signs a bill which he knows to be bad because as a candidate for second term he dares not buck the elements of his party that nomi nate its candidates for the Presi dency, writes its tariff laws, and furnish its campaign funds."? Louisville Courier-Journal (Ind.) "If ridicule can kill, politicaly, the Republican party will have to ! pay a very high premium for life insurance." N, Y. Times (Ind.) iiic larmer ??i uu iiic w ;ty to oblaiu some tariff recognitiou un til Mr. Grundy wa? promoted from the lobby to the Senate.... ... .The result is a bill which is an offence to be acceptable to the Smoot-Grundy kind, but ouly be cause it has uot takeu from the consumer all that it might have done."?Buffalo Courier Express (lud.) Currituck potato growers are interested in a plan whereby hogs will be used to glean the fields after the sweet potatoes are har vested. Some testa will be made to determine the value of these gleauings both alone aud in com bination with other feeds. KEPOBT OF CONO ITION OF The Bank of Haw River, At Haw ltlver, North Curollaa to the orpor- | aiioa Comniissiou, at the alose of business, on the 80th day of June, 19*10. KEHOUKCBB Loans and diicounfca. f80.870.llij Overdrafts ..... .. 117.584 tr. b. bond* ; '.? aft##' All Other Stocks and Bonds.; .'1.065.00 Furniture and Fixtures 1.250.00 Cash in vault and amounts due from Approved Depository Banks 15,102.47 Checks for clearing a"d transit Items 1,282.41 Cash items held over 24 hours 212.81 Total... $110,540 84 liabilities Capital Stock Paid In # 10,000.00 Surplus fund 8,Q00.00 Undivided profits, net amount 1,040.85 Reserved for Interest '400.00 Kescrve lor Taxes 39.88 Unearned Interest........! 560 00 Other. Deposits subject to check, 46,054.01 < ^ashler's Checks outstanding. 1S0.44 Dividend Checks Outsauding Time Certificates of Deposit (Due on or After ::0 Days) 1,818.31 Savings Deposits (Due on or after :? days] 42.510.25 Total 1110,546.84 Htate of North Carolina, ) Vss County of Alamance, J I S. A. Vest, President, \V. M. Myricfc, Dlrec j tor.and W,J.Crutohfield,Director of theBank of Haw Klver, each personally appeared be fore me this day. and, being duty sworn, I each for himself, says that the for egoing re I port Is true to the best of his know ledge and j belief. S. A.VEST, Pres. W. M. MY HICK, W. J. CRUTCHFIELD, Directors. | Sworn to and subscribed before me, this I the 9th day of July, 1930. J. Archie Long, Notary Public. ' My com mission expires Dec. 9,1931. Jouph county farmers have sold ,080 head of fat hogs for a net pro fit of $11,203.G5 so far this year. 666 Relieves a Headache or Neuralgia fn 30 minutes, checks a Cold the firpl day, and checks Malaria in three daya 666 also in Tablets. Notice of Sale Under Mortgage Deed. Under and by virtue of the power of sale contained in a 1 mortgage deed duly executed by E. E. Pennington and wife, Minerva Pennington, to the un dersigned, dated the 25th day of June, 1929, recorded in the office of the Register of Deeds for Alamance County in Book of M. D. No. 113, page 272, de fault having been made in the payment of the indebtedness se cured thereby, I will, on MONDAY, AUG. 4TH, 1930, at 12:00 o'clock noon, at the Courthouse door in Graham, 'Alamance County, North Car olina. offer for sale to the high I est bidder for cash, the follow ing described property: A certain piece or tract of land lying and being in Ala mance County, state aforesaid, in Burlington Township, and defined and described as follows: A certain tract of land in Burlington Township, being on East side of city of Burlington, facing 50 feet on Rainey street and running back 150 feet, the same being lot No. 86 in Block "F" described on the map of the Real Estate Investment j Company, made by J. W. Haeden, "Civil Eng., and re corded in Book No. 1, Plat No, 38, of the Public Reg. of Ala mance County, North Carolina. Second Tract: Being lot No. 185 in Burlington Township, be ing on the East side of the city of Burlington, N. C., facing 42 ' feet on Rainey street and run ning back 150 feet in block "F" described on map of the Real Estate Investment Company, made by J. B. Harden, Civil jEng., as recorded in Book 1, page 38 of the Public Registry of Alamance County, North Carolina. This first day of July, 1930. JACK BROWNING, Mortgagee. LEO CARR Attv - - ? J ' I Summons by Publication NORTH CAROLINA, I Alamance County, Superior Court Mrs. Ollie Williams. ^ vs. John Williams. The defendant, John Wil liams, will take notice that an action entitled "Ollie Williams vs. John Williams" has been commenced iu the Superior Court of Alamance County, North Carolina, for the purpose of obtaining an absolute divorce, on the grounds of five years separation, against the defen dant, and the said defendant will further take notice that he is required to appear at the office i of the Clerk of the Superior | Court of Alamance County, at the cqurthoqse in Graham, North Carolina, on or before | the 14th dayjjf July, 1930, and fanswer or (lemur to thq, com Iplsiut in this action, or the plaintiff will apply to the Court for the relief demanded therein. Done this the 18th day of June, 1930. E. E. MURRAY,, ? Clerk Superior Court J . l>olph Long, Atty. Notice ot Re-Sale of j Land. U nder and by virtue of the pow i er of sale contained in a certain mortgage deed executed by C. ; L. Wall trading as the Carojipa Garage, and Fannie C. Wall, 'wife of said G.' L. Wall, to At lantic Bank & Trust Co., Mort gagee, and A. W. McAlister, Assignee, dated June 20 th, 1024, and recorded in Book No. 83, at pages No. 212 and 215 in the Office of the Register of Deeds for Alamance county, North Carolina, default having been made in the pay i ment of the indebtedness thero I by secured, and demand having ibeen made for sale, the under i signed Mortgagee and Assignee ! will sell at public auction to the highest bidder for cash at the | Court House door in Graham, iN.iC., at 12 o'clock, Noon, on I SATURDAY, JULY 12, 1930, the following described proper ty, located in the county of Alamance, North Carolina. A tract or parcel of land situ ate in Alamance county, North Carolina, and bounded as fol fows: That tract or parcel of land situated, lying and being , in the County aforesaid, adjoin ing the lands of Gordon Lewis and others, bounded as follows: Begins at a rock on Lewis old line, running north 62 poles to a hickory; then west 165 poles to a rock; then south 124 poles to a rock; then lOJ poles to a poplar; then north 90 deg east 166 poles to the first station, containing 74f acres of land, be the same more or less. The bidding is to begin at the sum of $1076.&5. This the 23rd day of Juno, 1930. ATLANTIC BANK & TRUST COMPANY. Mortgagee. , A. W. McALISTER, Assignee. Hoyle & Harrison, Att'ys. i : Commissioner's Sale , oi Valuable Land. littler and by virlue of an or der of the Superior Court, made in a Special Proceedings num bered 1320, whereto all the heirs at law of the late George W. Crawford were made parties for the purpose of selling the lands of which he died seized for division, the undersigned will offer for sale to the highest bidder, on SATURDAY, AUG. 9, 1930, $ :30 p. m. the certain tract of land in Alamance County, known as home place of said George W. Crawford, in Thompson Town ship, adjoining the lands of W. C. Crawford, Annie Webster, T. N. Freshwater, Chas. Pender graph, Dan Foust and others and lying on both sides of State Highway No. 54 and contain ing about 125 acres. This farm has been subdivid ed and will be sold in sub-divi sions or lots suitable for build ing lots and in lot3 of suitable size for small farms. The lot upon which the home place and orchard are situated contains 81 acres. All this property is convenient to schools, churches, lays well, is well watered, in a good neighborhood and soil is adapted to grain, grasses, cotton or to I bacco, and State Highway No. 54 runs througs it. Time of sale: Saturday, Au gust 9, 1930,?2:30, p. m. Place of sale: On the prem ises. > Terms of sale; One third cash; balance in equal sums at six and twelve months time, de ferred payments to carry inter est at six per cent from day of sale, till paid. Sale subject to confirmation by Clerk of the Superior Court. This 3rd day of July, 1930. J. S. COOK, finrnmiaaftnAr Mortgagee's Sale of Land! Under and by virtue of the powers contained in a certain mortgage deed executed by D. C. May and wife, Chloa May, to the undersigned, on the 25th day Of May, 1926, and recorded in book 115 of M. Ds. at page 103, to secure the payment of a certain bond therein described, default having been made in the payment of the same, the undersigned will offer for sale to the highest bidder for cash at the Courthouse door at 12:00 o'clock, M., on SATURDAY, JULY 26, 1930, one fourth interest in the fol lowing real property in Haw Rtver township, Alamance county, adjoining the lands of Holt-Granite Mills, C. P. Al bright and others and bounded on the North and West by said Holt-Granite Mills and on the South and S. E., by highway No. 10 and said Albright and is the same property occupied by Mrs. E. P. May as her home and upon which there is a dwel ling. Said m ortgage deed conveys and there will be sold all the in terest of Dace May subject to the life estate of said Mrs. E. F. May, widow of E. F. May. Place of sale,Courthouse door: Date of Sale: July 26, 1930. at 12:00, M. Terms of Sale: Cash. This the 24th day of June, 1930. J. F. THOMPSON, C. D. MAY, Mortgagees. J. S. COOK, Atty. Magistrates' Blanks?State Warrants, Civil Summons, Transcripts, of Judgments, for sale at The Gleaner office, Graham. Charter No. 8844 Reserve District No. REPORT OP THE CONDITION OF THE NATIONAL BANK OF ALAMANCE Of Graham, in the State of North Carolina, at the close of \ . r business on June 30, 1930. ? RESOURCES. Loan* and discounts, $536,960.99 Overdrafts 355.07 United States Government securities owned .. 101,100.00 Other bonds, stocks and securities owned - 112,307.50 Banking House, $23,500.00; Furniture and fixtures, $2,400.00 25,900.00 Real estate owned other than banking nouse 3,980.00 Reserve with Federal Reserve Bank 02,999.99 Cash and due from banks . ; 122,874.09 Outside checks and other cash items - 2,530.79 Redemption fund with U. 8. Treasurer and due from U. S. Treasurer 5,000.0j TotaL. A i948.398.43 LIABILITIES. Capital stock paid in.. 100,000.00 Surplus fund,.....'. 25,000.00 Undivided proflts-.net 1 10,808.31 Reserves for dividends, contingencies, etc '. Reserves for Interest, taxes, and other expenses, accrued and unpaid 1.500.00 Circulating notes outstanding 100,000.00 Due to banks, including certified and cashiers' checks outstanding 4.729.06 Demand deposits 249,381.10 Time deposits ?. .. 148.981.96 Other liabilities _ - 3,500 00 Total ; 8913,398.43 State ot North Carolina, County of Alamance, ss: 1, Chas. A. Scott,Cashier of the above named bank, do solemnly swear that the above state ment is true to the best of my knowledge and belief. CHAS. A. SCOTT, Cashier. Subscribed and sworn to before me, this 9th day of July, 1930. LOUISE BLAOG. Notary Public. My Commission expires 11-12-1931 (Notarial Seal) Correct?Attest: W. E. BASON, H. W. SCOTT, J. DOLPH LONG, Directors. The Southern Planter Semi-Monthly Richmond, Virginia The Oldest Agricultural/Journal in America 50 CENTS FOR ONE YEAR tl.00 FOR THREE YEARS $1.50 FOR FIVE YEARS TWlCE-A-riONTH 200,000 TWICE-AflONTH 4 vvxv >? ^rv ^ ^r ^ '^^M'^BL' v^ ^K/ ' ^9 W %Ji |v ^9 9 9 ^^Bv 5? ^Bl ^.7^? I ? 1 |A 2M W A wW W ? M I _ ^ ? ^P MOTHER! Fletcher's Castoria is a harmless Substitute for Castor Oil, Paregoric, Teething Drops and Soothing Syrups, prepared to relieve Infants^in^arms^and^hildrawl^ge^o^ Constipation Flatulency Diarrhea AU ? .? .... Wind Colic To Sweeten Stomach Regulate Bowels ruaa m the assimilation of Food, promoting Cheerfulness, Rest, and Natural Sleep without Opiates -? To avoid imitations, always look for the signature of I*'?? Pky*4awa isujwhuw Rowwad t
The Alamance Gleaner (Graham, N.C.)
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July 10, 1930, edition 1
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