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1 HE GLEANER
GRAHAM. N. C., JULY 24, 1930.
I88UKD EVERY TULB8DAT.
J. D. KERNODLE, Editor.
11.00 A YEAR, IN ADVANCE.
Entered at trie Posfofflce at 0 labam,
N. 0.. as BtJcu.iU-olaBH matter.
Italy Laid Waste By Quakes and
Hurricane.
Severe earthquake shocks shook
a number of Italiau cities early
Wednesday morning. On this
account a heavy toll of lives was
taken, numbering about 000 at
lirst count with more being res
cued from the ruins. Many large
private and public buildings are
wrecKod with losses amounting to
many millions. Further esti
mates place the number of dead
around 2,000.
On the heels of the quakes a |
hurricane swept portions of the
ill-fated country this morning,
taking further tolls of lives and
property.
Fear is felt for the safety of n
number of American tourists?
a number from the south and
some from this State, due in
the stricken districts about the
time of the quakes and hurricane.
Tree-Sitting Craze.
"Tree-sitting" is a new craze
that appears to have got hold of
youths in so.no parts of this State
and elsewhere. Some are trying
for records at tho prank. In some
instances indulgent parents are
humoring the truants by feeding
them on their perches when ap
parently unable to coax tliein
down. These latter, maybe, never
read the story in Webster's old
"Blue Back": The farmer found
a boy in his fruit tree. He gently
called him to come down. This
did not avail; the tossing of turfs
also failed to get results. Then
the farmer said he would "try
what virtue there is in stones."
The last resort was rather dras
tic, but it was a stubborn case
that called for heroic treatment.
It worked, and tho youth, accord
ing to the story, was glad to ca
pitulate. "?
It might serve a good purpose
in the case of some of these youths
to resort to harsher measures than
honeyed words. For the moment
the young hopeful might feel
greatly and unnecessarily impos
ed upon; but later, wheu "clothed
in his right mind" and reason had
assumed the throne, ho would
commend the wisdom of the
course pursued.
The population of the Uuited
States; according to the new cen
sus, is nearly 123 millions. A re
vision may bring the number up
to that figure.
Within the past 18 months Gov.
Gardner has paroled 582 convicts
?to give them a chance. A re
port says there have been few
"traitors".
Of economy preachment, there
has been a-plenty. If the idea
has "stuck" and any good is to
come of it, there must be some
practice.
Rains have visited many parte
of the South in the past few days
and much relief is being expe
rienced from the oppressing hot
weather.
The population of North Car
olina increased 23.0 percent dur
ing the last decade, leading the
whole tier of Southern States in
percentage increase, and the pop
ulation, 3,165,140, is the largesl
of any Southern State, excepi
Texas. During \ that period the
increase was 600,000.
President Hoover is gratifiec
that the London armament pad
has been approved by the Senate
It was ratifiied Monday by a vote
of 68 to 9. The President hae
signed. It puts the United State:
on a parity with Great Britain
but this parity will cost this coun
try $800,000,000 in new nava
construction, it is estimated.
The North Carolina Press Asso
ciation convened at Blowing Kock
yesterday. Hon. Josiali William
Bailey, Democratic nominee for
the U. S. Senate, delivers an ad
dresses the editors tonight. This
scribe hopes the boys will have a
pleasant and profitable meeting
A log-sawing contest with cross-J
cut saws will be one of the feat
ures at the Farmers' and Farm
Women's Convention at State t 'al
lege next week. A chopping frol
ic and log-rolling would add
something to the gayety of (he oc
casion. Then, to let the women
in on the fun and as a reward for
masculine efforts, they might pass
around the giuger cakes and cider
and serve a dinner or supper of
old fashion chicken, peach and
apple pot pie, baked in an oven
like some of their grand-mothers
did in ye olden days.
Schaub invites Farmers
To State Convention
Toe twenty-eighth annual ses
sion of state farmers' and farm,
wouians' convention to be held at
State College, July 28 to August
1, will not only give lite oppor
tunity for a brief and enjoyable
vacation to farm men and women
of the state, but will also be a
short course full of instruction.
"As usual, we are offering the
rooms iu the college dormitories
free of charge as long as they
last," says Dean I. O. Schaub,
head of the agricultural school
and secretary of the convention
this year. "Meals may be secur
ed at the college diuing hall. Vis
itors must bring their sheets,
towels and toilet articles. Our
morning program of instruction
begins each dav at eight o'clock
aud closes at eleven when the
general sessions for both men aud
women will be held at Pollen Hall.
The afternoons will be featured
by demonstrations, sight-seeing
trips, music and contests An
evening program will be held on
the campus each night if the
weather permits"
The Dean extends acordial wel
come to all friends of the college
to attend. Much time aud care
ful thought has been given to pre
paring the program this year.
Each lecture will be repeated
aud some excellent speakers have
been secured for the general
meetings. Many of the visitors
will have their first opportunity
to hear Dr. Frank Qraham, newly
elected president of the State
University.
The first general meeting will
be called Tuesday morning, July
29, at eleveu o'clock. Class room
work begins, however, at eight
o'clock that morning aud those
fartn women who wish to have
their attendance counted towards
a certificate should arrive and
register Monday evening, July 28.
A THOUGHT for SUNDAY
By
Amos R. Wells
Wanted:
More Pledges.
A soldier, brought into a Dis
trict of Columbia police court on
a charge of intoxication, declared
(that if the judge would give him
a chance ho would never touch
strong drink again. The judge
gave him the chance. He bade
him raise his rwht hand ami
i solemnly swear that he would
keep from intoxicating liquors
1 for the next two years. The sol
i dier was earnest in the matter,
, and God grant that ^ ho may keep
i his pledge.
It is high time for a new pledge
i signing campaign in this country,
' a campaign that will summons all
American manhood and woman
' hood to resist the devil's tempta
tion to drunkenness. Only human
will power, reinforced by the
strength of the Almighty can
. withstand the craft of the arch
, | deceiver.
And in many more matters than
' intoxication we ueed to exalt our
1 pledges. If we are church mein
- bers, we have taken solemn pledges
t'.upon us. Are we true to them?
J Do we ever remember what they
were? If we are married, we have
' made some vital aud sacred vows,
i Art we true to them? In many
other relations we have entered
I into agreements. Is our word as
t good as our bond? Have we for
sworn ourselves before our God?
s "Take not the word of truth
utterly out of my mouth."
Read Psalm 119 : 41-48.
a (Copyrighted Christian Herald)
Six farmers of Onslow county
* made a cooperative shipment of
lambs to eastern markets aDd re
port fair prices.
Did You Ever
Stop To Think
(Copyright 1928)
By EdsouR.Waite, Shawnee, Okla.
Colby M. Chester, president of
the general foods corporation,
says:
That food regularly takes its
toll of twenty-six percent of our
national income, estimated to be
8'Jii,000,000,000, while the uear
est approach to this in size is (lie
textile industry, which absorbs
approximately eleven percent of
our national income.
In an operation so vast, dealing
in the most fundamental necessity
of our existence, it was inevitable
that mass production, having
been tried and tested and univer
sally accepted, should find its way
into the food industry.
Meanwhile, another factor has
come into being that has an im
portant bearing on the situation
?the acceptance which has been
almost universally accorded pack
age foods. They are sanitary,
uniform, reasonable in price aud
put up in qualities most readily
acceptable to the consumer's
needs.
\Ve are on the verge of another
great foruard stop in the (develop
ment of package foods?the quick
freezing of perishable food prod
ucts as developed bj- the Birdseye
aud other processes. It would
seem that science has at last solv
ed the great waste that now is j
taking place in the processing aud
distribution of perishable foods
and that the day is not far distant
when the housewife may purchase
thorn in neat sanitary packages,
stamped by a national brand that
will carry with it the complete
confidence of the consuming pub
lic.
Mrs. R. F. Collins of the Holly
Springs community in Wake
county sold $741.72 worth of
homemade jelly, hams and other
food products during the past
winter.
SUMMER COMFORT
SECRET REVEALED
Arc you going to suffer weary, sleep
less nights during the forthcoming hot
months of July and August, or are
you going to be one of the fortunate
few who even though they do not
have a summer cottage alongside a
cooling lake, will enjoy comfort an^
refreshing sleep though the night be
torrid and sultry? queries the Holland
Institute of Thermology.
Cool, comfortable sleeping rooms
regardless of weather conditions are
no longer an idle wish of those who
have homes of their own equipped
with what heating and ventilating en
gineers have styled air-conditioning
systems. These are nothing more or
less than the latest type warm air
heating systems that function In such
a manner as to render owners year
'round service and year'round comfort.
In summer they produce Indoor com
fort by means of an electrically op
erated air propeller unit installed in
the top of the furnace Jacket. In op
eration, the effect of this fan Is to pro
duce a definite yet draftless current
of air that circulates througli the
The Operation of the Air-Propeller
Unit in Heating Plants of the Vapor
Air Type Eliminates the Sultry,
Stuffy Atmosphere That Character,
izes Bedrooms en Hot Nights.
house by way of the heat ducts and
the cold nlr returns. This gentle air
motion suffices to carry away bodily
heat and moisture, and the sensibility
of comfort thus produced is equiva
lent to a drop in temperature of 15 fo
20 degrees, though in actuality the
decrease in temperature is but two or
three degrees.
The comfort factor is further aug
mented by the elimination of pockets
of stngnant air so oppressive nnd
stifling in muggy weather. During
the heating season, the function of
the nir propeller unit Is to uniformly
distribute warmed nir throughout the
house. In this respect it is highly
efficient as it virtually eliminates the
wide differences in temperatures at
celling nnd floor levels so generally
characteristic of artificially heated
homes.
Though standard equipment with
warm-air systems of the humidifying
. or vapor-air type, the design and con
. structlon of the air propeller units is
such that they may be installed in
most types of warm-alr heading sys
tems now in use.
STATE TAX MEN AND
BANKERS IN ACCORD
Months of Negotiation Lead to
Agreement on Changes Broad
ening Method of State or Local
Taxation of National Banks.
NEW YORK.?Months of conference j
and negotiation between an American !
Bankers Association special committee
and the Committee of the Association
of States on Bank Taxation have re
sulted in an agreement on a form of
amendment* to the Federal statute
dealing with state or local taxation of
national banks that "maintains the In
tegrity of the protective principles of
the section and is satisfactory to the
commissioners' committee," says the
American Bankers Association Journal.
Thomas B. Paton, the organization's
General Counsel, in making the an
nouncement says that previously pro
posed amendments to the statute, {
which is known as Section 5219, have I
been opposed when it was felt their I
terms would enable any state to place
banks in a tax class by themselves.
"The law as it stands today," Mr.
Paton says, "permits state or local
taxation of national banks or their
shareholders in one or the other of
the four following forms: the share
holders upon their shares,?a prop
city tax; the shareholders upon their
dividends,?a personal income tax;
the bank upon its net income; the
bank according to or measured by its
net income. Only one form of tax can
bo imposed, except that the dividend
tax may be combined with the third or
fourth form if other corporations and
shareholders are likewise taxed.
"The conditions permitted are: the
tax on shares must be at no greater
rate than on other competing moneyed
capital; the income tax on sharehold
ers must be at no greater rate than
on net income from other moneyed
capital; the tax on bank net income
must be at no higher rate than on
other financial corporations nor the
I highest rates on mercantile and manu
facturing corporations doing business
within the state; the tax measured by
net bank income is subject to the
same limitations as the tax on net
income of the bank but may include
entire net income from all sources."
States Seek Broader Law
National banks and their sharehold
1 ers are taxed In different states under
a diversity of systems, he says. The
U. S. Supreme Court has held that the
i low millage rate on intangible person
al property la in violation of the pres
ent law where it results in national
hank shares being taxed at a rate
greater than that assessed upon com
peting moneyed capital. A number of
j states, unwilling to use the income
methods permitted, had the alterna
| tive of either repealing the intangible
| tax laws or limiting taxation of na
tional bank shares at the Intangible
?rate. Therefore they sought a broad
i cning of the permissive provisions,
j Also, Mr. Paton points out, a Su
preme Court decision held a state's
excise tax on corporations invalid
where it Included income from Federal
and local government bonds in the ex
cise measure. This created doubt as
to some state bank excise taxes.
"Conferences have been held to
reach Borne agreement which would
protect the banks, satisfy the tax com
missioners and avoid a contest In Con
gress," Mr. Paton says. "From the
standpoint of the tax authorities, the
main objectives have been an amend
ment which would permit certain
states to retain their low rate tax upon
intangibles and at the same time de
rive an adequate, but not excessive,
revenue from national bank shares,
and an amendment which would per
mit certain states to tax corporations
on their net income, excluding Income
from tax-exempts, and at the same
time derive the same revenne from
the banks as heretofore. From the
standpoint of the banks, It has been
deemed imperative to maintain the
protective principles of Section 5219.
The Changes Agreed On
"In the proposed amendment the ex
isting provision permitting taxation ot
bank shares no higher than the rate
upon competing moneyed capital has
been modified with respect to certain
intangible tax states only by a provi
sion under which, Instead of the
moneyed capital limitation, the rate
shall not be greater than the rate upon
the shares of other financial corpora
tions, nor upon the net assets of indi
viduals, partnerships or associations
employed in the banking, loan or In
vestment business, nor higher than
the rate assessed upon mercantile,
manufacturing and business corpora
tions with head office In the state.
"Also an added fifth alternative per
missive method, designated as a spe
cific tax, permits a state, in place of
an ad valorem tax on bank shares, to
add together total dividends paid the
proceding year and the Increase in
capital, surplus and undivided profits,
less additions to capital or surplus
paid In by stockholders, and to divide
this total by the number of shares.
The state may tax the shares based
upon this amount, but not to exceed
the rate on other corporations in pro
portion to their net profits.
"This method Is designed fqr states
which hare heretofore taxed national
banks upoh their entire net income
from all sources at a proportionate
rate to that assessed upon business
corporations. The amount which Is
tho basis ot the tax Is the equivalent
of the entire net Income from all
sources, but being assessed against
the shareholder upon his property in
the shares and not a tax upon the
bank. It is not open to tho objection
as an indirect tax on exempt Income."
PREPAREDNESS
IN BUSINESS
By R. 8. HECHT,
American Banker* Association.
My observations (or many yeara,
both as an employee and as an execu
tive, have convinced me that the rea
son some men and "women go ahead
and others do not Is that some keep
themselves constantly prepared to ac
cept and fulflll larger duties and re
sponsibilities as they offer, and some
do not.
Grant, as we must, that there is a
certain element of luck in the condi
tions under which opportunity for
promotion comes to different men and
women, we nevertheless must also see
that It Is each Individual's own state
of preparedness which determines his
ability to seize opportunity if and
when It comes, and having seized It,
to succeed In meeting the greater de
mands which It Inevitably places upon
him.
Real advancement never means go
ing ahead to easier tasks, hut always
to harder ones. Opportunity for ad
vancement Is worthless unless in ac
cepting it you are able to carry wittt
you the abilities and qualifications that
prepare you to meet the heavier exac
tions that are an Inhered! part of op
portunity.
It Is tar better to go Into action in
the field of enlarged responsibility
prepared and qualified, rather than
that you and the Institution you work
for shall be exposed to the hazard of
your having to build up to new re
sponsibilities after having assumed
them.
The new spirit of all business seeks
to prepare Its people In pdvaneq
through education for the
duties It holds In store for them. ' j
Let The Gleaner Of
fiee do your job work.
BROADCASTING
Their Convictions on
PROHIBITION.
Heury Ford, Thomas A. Edison,
Senator William E. Rorah, Gifford
Pinchot, Lady Aator and other
inen and women of like promi
nence will tell you what they
think of prohibition in the next
16 issues of the
New Christian Herald.
Othera you will hear from are
Educators, Judgt-s, civic leaders,
workiugmen, prominent women.
Cartoons and comment, News Di
gest and Editorials?page after
page of every issue ot Christian
Herald will tell the story of the
success of Prohibition.
Read the next 16 issues of
Christian Herald and you will see
for yourself that when the advan
tages and disadvantages are add
ed up Prohibition is a glorious
success.
Use the coupon below for the
next 16 issues of Christian Herald
at the special price of 50c.
The Alamance Gleaner:?
For the 50c. I am handing you
with this coupon please send me
the next 16 issues of the new
Christian Herald.
Name
Address
CASTORIA
For Infants and Children
In Use For Over 30 Years
Always bears
ttCuimre of
Commissioner's Sale
oi Valuable Land.
Under 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,
2:30 p. m. the certain tract of land
in Alamance County, known as
home place of said George W.
Craftvford, in Thompson Town
ship, adjoining the lands of W.
C. Crawford, AnnieWebster, 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 lots 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
bacco, and State Highway No.
54 runs througs it.
Time of stile: 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,
Commissioner.
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 ot May, 1920, 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
River 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. F. May as her home
and upon which there is a dwel
ling.
Said mortgage 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.
Notice of Sale Under
Mortgage Deed.
Under and by virtue of the
power of sale contained in a
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
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 beiug lot No. 86 in Block
"F" described on the map of
the Real Estate Investment
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.
85 in Burlington Township, be
iug on the East side of the city
o? Burlington, N. C., facing 42
ieet on Rainey street and run
ning back 150 feet in block "F"
described on map of the Real
Estate Investment Company,
made hy J. B. Harden, Civil
Eng., as recorded in Book 1,
page 38 of the Public Registry
ot Alamance County, North
Carolina.
This first day of July, 1930.
JACK BROWNING,
Mortgagee.
LEO CARR, Atty.
666
Relieves a Headache or Neuralgia in
30 minutes, checks a Cold the first
day, and checks Malaria in three days
666 also in Tablets.
I
The Southern Planter
Semi-Monthly
Richmond, Virginia
The Oldest Agricultural'Journal in America
50 CENTS FOR ONE YEAR
$1.00.FOR THREE YEARS
$1.50 FOR FIVE YEARS
TWlCE-A-riONTH 200,000 TWICE-AflONTH
MOTHER? Fletcher's Castoria is a harmless Substitute for
Castor Oil, Paregoric, Teething Drops and Soothing Syrups
, prepared to relieve Infants in arms and Children all ages of
Constipation Wind Colic
Flatulency To Sweeten Stomach
Diarrhea Regulate Bowels
Aids in the assimilation of Food, promoting Cheerfulness, Rest, and
Natural Sleep without Opiates ^ ?
To avoid imftitinns. always look far the signature of &cu