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CO-OPPERATE If LoulnburgV Bualnesa Intorrata would Co-operate with Uie Frank lin Times we would I Lave a mock Bigger and Better Town. VOLUMN IiXXn DIVORCES GRANTED BONE, PRESIDING The Damage Suit of Lewis H. Perry vs. Dr. Pepper Bottling Co. And E. P. Bond Settled By Agreement; Ohtre Minor Cases., Heard Judge Walter J. Bone, of Nash ville, was present and presided over 'Franklin Superior Court for the trial of civil cases oh 1b week. The docket for this term, which is a' two week's term, is especially ? - larffw hnt for many reasons and circumstances many of the cases will not be reached. Those cases disposed of so far are as follows: Wa'chovia Bank & Trust> Co., trustee of the estate of John A. Savage, seeking authority to re invest funds left to the benefit of heirs, was directed to make for mal d?mjmd for Instructions with full- and complete informa tion about the trust. The defen dant Carrie Savage Hawkins, et als, were also given time to make answer, after which the question will be heard on Its merits. J,. B. Jones was granted a di vorce from Valmore L Jones. J. W. Baker was granted a di vorce from Lucy W7 Baker. The case of Claud E. Journegan vs. Eva W. JourneRan, divorce was dismissed ax of non-suit. The case of Mrs. M. L. King Vs. Join*. Pearce, judgment was dismissed as of non suit. The case of Lewis H. Perry, oolored, vs. Dr. Pepper Bottling go. and E. P.?Boiin was settled by agreement and accepted by the Courti. This is the case growing out' -of an automobile wreck near Youngsville, when a Dr. Pepper Bottling truck and an automobile collided, and in whleli a woman. Mrs. Leona B. Maine was killed, and Perry's mule and wagon was_ smashed or 3amage3 and Perry ollhnxi injuries. Perry was suing the bottling company and Bonn for 15,000 damages. The amount of the settlement was not stated. Bonn is to be tried in Criminal Court here in April on a charge of manslaughter and careless and reckless driving. The case for Judgment of the Louisburg Supply Co., Inc. vs. P E. Dean, Mrs. P. E. Dean and Thornton Jeffries was settled among the parties and judgment accordingly was made. Uay B. Lucas, Supt., vs. W. B. Barrow, verdict was rendered in favor of the defendant. It was a suit for fees Involved in Insurance premium commissions. The de fendant Interposed a counter claim for return premiums paid by him to policyholders when the company became insolvent. The International Harvester Co., was granted a verdict of $510.00 against Floyd Currin and Four County Agricultural Credit Corporation. Court was in progress yester day at noon with the remainder of dhls week and next week ahead. CELEBRATES ANNIVERSARY Dr. and Mrs. D. T. Smithwlck celebrated their 74th anniversar ies on Sunday, having as their guests Mrs. Leary Thearen, of Wilmington, Del. Ill addition ? Mr. and Mrs. D. P. Smit<hwlck, of Fredericksburg, Vs., Mr. O. M. Smithwlck and son,' Ollie, Jr., of Oreenvllle, S. C? children and grandchildren of Dr.^and Mrs. tknithwick, were present also. TIm occasion was In celebration of the 74th birthdays, Mrs. Sin lth ?' wick's being on Monday the 17th and Dr. Smithwlck's on Thurs day 80t/h. The party was entertained at dinner by Mr. and Mrs. R. W. Bmithwick at their spacious home on North Church Street. The FRANKLIN TIMES Joins the many friends in extending congratulations and good wishes to Dr. and Mrs. Smithwlck fojj many more years of usefulness . and happiness. PROGRAM AT THE ' LOUISBURO THEATRE The' following Is the program at the Louisburg Theatre, begin ning Saturday, March 22nd: Saturday ? Double Beature ? Wild Bill Elliott in "Beyond The Sacramento" and Lloyd Nolan in "'Behind The News." Also Chap ter ? "Mysterious Dr. Satan." 8unday-Monday ? Errol Flynn and Brenda Marshall in "Foot* steps In The Dark." Tuesday ? Deanna Durbln, Robt. Cummlngs and Mlscha Auer In "Spring Parade." Wednesday ? The Dead End Kid* in "Give Ds Wings." Thursday - Friday ? Roland Young, Joan piondell and Ro chester in "Toftper Returns." RENEW YOUR SUBSCRIPTION Congress Passes Money Bill Washington, March 19. ? The Houga tonight ovftrwholinlngly approved appropriation of $7, 000,000,000 to finance President Roosevelt's all-out- British aid program. The roll call vote was 336 to 55. Final gasp of the opposition came when'the chamber rejected. 258 to 132, motion by Represen tative William P. Lambertson (R-Kans.) to recommit the meas ure. He wanted written into the bill a prohibition against) expen diture of any part of the fund out side of continental United States, and a requirement for adequate collateral from beneficiary na tions. Both amendments previous ly had been rejected. The measure goes to the Senate, where an appropriations subcom mittee will begin hearing tomor row. Majority Leader Alben W. Barkley, (D-Ky.) hopes to start debate early next week and ex pects a final vote after two or three days of discussion. No con certed fight Is planned by nonin terventionists. A coalition of Republicans and Democrats beat down every at tempt to reduce the fund or cur tall its expenditure before it pass ed the House. A similar drive will be waged In the Senate, but leaders said it would tail. Voting for the appropriation were 231 Democrats, 104 Repub licans and one Farmer-Laborite. Voting against it were 45 Repub licans, 6 Democrats. 3 Progres slves and 1 Amerlcan-Laborite. House action coincided with a statement by Secretary of the Navy Frank Knox that initial na val ail to Britain under the forth coining program will include [mosquito boats, submarine chas ers. fast motor boaw, yachts and jollier small. fust craft suitable I ;<w work in the English Channel. o ? rrrrrr FIRE AT MILLS HOME The fire Friday morning was at u he home of Sunt. W. R. Mills. .orner of Sunset Avenue and! Church Street, but was soon ex tinguished by the fire department with ten llijje dnninM' reuniting. It seems the fire started from sparks from a chimney catching on the roof of the building. The fire was put out wit-h chemicals after iiremeu had cut a small aole in the roof. 0' i I GOLF CLUB ELECTS OFFICERS The annual meeting of the Qrecnhill Golf Club was held at the club house on Monday night,; March the 17t-h with an extra large number yf members pres ent. The ofTicers of the club for | 1941 elected were as follows: A. Paul Bagby. President: P. P. Pur uell. Vice President; and B. N. Williamson. Jr., Secretary-Treas urer. G. M. Beam was re-elected Chairman of the Tournament Committee and he promises an earlier and <^von better schedule than last year. After the usual discussion of business and matters pertaining to the operation of the organiza tion the meeting adjourned to meet again March 24th at the same hour and place. All members are urged to at tend this meeting and renew their membership tor the best Golf year yet. NEW INVENTION Officer Fred Frazier was dis playing a new condenser _or worm that he had captured at' a block ade still In the Harrlcane section of Franklin County. The new Idea was the use of a Model T ra diator coupled to the cap and placed In a barrel of water with a pipe leading out at the bottom, running the steam through this to condense into whiskey as it passed out. It was connected with a submarine style still of about 300 gallon capacity. o NEAL . CREOLE Miss Betty Neal, of Scranton, daughter of Mr. and Mrs. R. P. Neal. of Loulsburg, to Edward Daniel Credle, of Scranton, son of Mr. and Mrs. Oratz Credle, on February 6th. Mrs. Credle is now teaching in the schools of Hyde County. She is a graduate of Edward Best High School and Eafct Carolina Teachers College. Mr. Credle Is a graduate of Sladesvlile High School and Is now working in Hilton Village, Virginia. JAMES W. SW ANSON James W. Swanaon, U. S. Navy, a native of Franklin County, died Monday in t*he Philadelphia Naval Hospital after a brief illness. He was 39. Funeral services were held Thursday at 2:30 o'clock at Saints Delight Free Will Baptist Church n Franklin County. FOR FIRST CLASS PRINTING PHONB 288-1 1 \ SHORT COURSE SUCCESS - F W JIlSTinC EI X. TV . II XJ o lavir Cll TED PRESIDENT Mrs. E. M. Carter Vice President and Mrs. T. C. Gill, Secretary-Treasur er; Mr. Flake Shaw, N. C. Farm Bureau, Made Talk; Committees Re port A successful Franklin County Farm and Home Short Course came to a close Thursday after noon, March 13. One hundred and eighteen farm men and farm "women attended and participated in Interesting discussions, talks, and motion pictures. A Resolu tion was passed expressing thanks to the persons assisting with the program and to Mr. H. F. Mitt-h ell. retiring President. Mr. F. jW. Justice, Loulsburg, R 2, was elected President for the 1942 S^ort Course, Mrs. E. M. Carter, Youugsvilie, -Vire President, and Mrs. T. C. Gill, Secretary-Treas urer. ' Mr. Flake Shaw, Secretary N. C. Farm Bureau, made a talk showing the weakness of our present farm organizations and members present adopted resolu tion strongly recommending that farm men and women in Franklin Cojunty t<ake steps to affiliate themselves with either the Grange or Farm Bureau. The following is report of the resolution and recommendation committee of the Short Course which was unanimously adopted by me general meeting: ItcHoliitionK of the ("onimJttw The Committee wishes to ex press its sincere appreciation to 1 1 he Administration Officials, Fac ulty, and students of Louisburg College for the use of Its facili ties and for the courtesies shown to the farm men and women of the Cbunty during the Short course. ?' ~ ? We wish also to extend our thanks to the members of the Ex tension Start of N. C. State Col-* lege who discussed appropriate topics, namely Miss Rutb Current, Miss Frances McGregor, and R. W. State Executive Officer AAA. Dr. R. M. Salter, Director of N. C. Ex periment Station. Mr. W. H. Darst, Marketing Specialist N. C. Dept. of Agriculture, Mr. B. C. Mangum, District Field Officer AAA, and onr presiding officer, Mr. H. F. Mitchell. The Committee also wishes to express their appreciation to Mr. A. F. Johnson, Editor of FRANK LIN TIMES, for his cooperation in helping to u>al^ the Short iCourse successful. ~~ Recommendations The Committee recommends that the Franklin County Short Course be continued as an annual event (or the (arm men and wom en o( Franklin County and their neighbors. The Committee recommends that the Short Course be held each year during the month o( Febru ary. The Committee (eels that) the Annual Short Course should be held at some place in the County Seat, if possible. ? The .Committee recommends that the (armers participate In the Farm Organisations such as the Orange and Farm Bureau and others, (or purposes o( Legisla tive, Educational and promotion al work In the fields o( produc tion and marketing. The Committee recommends that EVERY FARM FAMILY be encouraged to grow a garden and that efforts be made to reach them through the present organizations to encourage cooperation with the food conservation program. i One copy of this Report to be read to those present! at the Short Course, one copy to be published in the FRANKLIN TIMES and one copy to be kept at the County Agent's office. Respectfully submitted, Mrs. T. C. Gill, Chairman o( Committee o( Resolutions and Recommendations. Mrs. T. S. Dean. Mrs. W. J. Cooke. Mr. F. W. Justice. o WRECK Two cars collided near the in tersection o( Highways 59 and 56 just Southwest of Louisburg Sat urday nlghV and did considerable damage to the two cars, besides seriously injuring Ruck 'Joyner ind Charlie Joe Smith, occupants of one of the cars. The other 3ar was occupied by a Mr. Jones and others, of near Katesville, whose injuries, If any, had not been ascertained. Information from the hospitals of Messrs. Joyner and Smith Tues day showed their conditions not very encouraging. SUBSCRIBE TODAY t ?' - V .1 Louisburg College News Former President S[M-akh I ? Dr. ? D.B.--BarnUac<U. pastor ofj Calvary Methodist Church, Dur-l ham! and former president of' Louisburg 6oHege spoke to the student body of Louisburg Col lege in the auditorium Tuesday morning at 10:30 o'clock. Dr. Earnhardt made a very interest, ing and inspiring talk, showing to the student* that. "Gentleness is bigger than brutality, and kind ness is stronger thau bluster." Cottage Holiday llegtnn On Friday, March 21, College students will leave the college for ten days, spring holiday vacation. Examination, which were given on Thursday and Friday, closed the first half of the second semester of the college year. Student* will return for classes at 8:00 o'clock on ? Tuesday morning, April 1st. Faculty llanquet On Friday evening, March 14, at 6:30 o'clock the faculty' mem ber of Loulsbarg College were guests at a banquet which was held in the Home Economics De partment of the college. Dr. J. E. Hillmau of the State Department of Education. Ral eigh, was guesti speaker^ The dining room was attractively dec orated with appropriate colors to carry out the theme of St. P?fc rick's Day. [ - JsritQM Visits College Under the management of Wil lard Matthews and sponsored by> jltlchard Crooks. Itoberl Nichol-I I son, young Australian baritone.! w ith his new and winning person- 1 ality at 10:30 o'clock Monday.; March 17th, thrilled his Louis jhurg College audience, displaying I an unusual voice of wide -range. Mi Nicholson produced with ex traordlnnry ease his splendid voice [which he uses artistically, and which possesses refreshing ease of production as well as remark ;?We eolorlng ami ittency. H4e| program showed remarkable va-' iilety and gave opportunity of the! jfutL. rich eventoims which had | j gi eaF~plastiiit.v ami beauty. ? ( Club Observes St. Patrick's Day j On Thursday evening. Mai'. 13. 'at 7:30 o'clock In the Home Eco nomics Department', members of i jthe Home Economics Club of the| | I'oliege 1 held 1 a Ot. Patrick party, i Attractive decorations and appro-! priate colors carried out' the theme of the occasion. Under the direction of the social committee,! Ruth Stalllngs, Hobbsville; Irene Vaughan. Rich Square; and Ro- ' sella White. Norlina. interesting i games were played. Refreshments! were served in iiuffet style. I)r. Ormoml S|?-aks To Nturtenln Dr. J. M. Ormond, Professor of! Practical Theology of Duke (Tni- 1 versity spoke to the student* body In the college auditorium at 10:30 1 o'clock Friday morning, Mar. 14 on "Race Reiations." Dr. Ormond showed his vital interest in better racial relations between the var ious racial groups of our country. I He presented examples and situa-{ tions which we. have before us to-| day. To effect) a study of these con ditions which will make a better j understanding between these groups, It is proposed to organ ize a small group of the faculty and students who are Interested { in such a development. This movement is being spon- , sored by the Division of Coopera tion in Education and Race Rela tions. under tihe leadership of Dr. ' N. C. Newboid. Raleigh. ClaMe? Attend General Assembly j The Government and Advanced Oiflce Practice classes of the Col lege went to Raleigh on Wednes day afternoon. March 12, to at tend the General Assembly. Pro fessor and Mrs. V. R. Kllby ac companied the students who were as follows: Laurel Ballard, Philip Cliamblee, Genevieve -Ellis, Edna Gillls, Nell Gupton, Delia Mae Lewis, Eleanor Martin, Joseph Nowsom, Edith Pittman, Elaine Rand, Isaac Reynolds, Betty Tur lington, Louise Turner, Mart/ha Wehrenberg. Mrs. Qeorge Oliver, Robert Page, Henry Murden, Sa rah Turner, Eva Melton, and George Lumpkin. A Cappella Choir Under the direction of Profes sor James E. Byerly, the Louls burg College A Cappella Choir presented sacred concerts in the Benson Methodist Church on Sun day morning, March 9, and on Sunday evening a similar concert) was presented in the Sanford Methodist Church.' The following numbers were sung by the group: 0 Sing Unto the Lord, Hassler; Come Holy Ghost, Palestrina; Hear My Pray*r, Kopylof; O Lord, The Maker Of All Things, Q&tti; O Gladsome, Light, Arkhan gelsky; God So Loved, World, SUiner; The Heavens ResotttMi; Beet'hoven; and Alma Matter. v Rev. W. R. DLxon, Secretary vt Public Relations of. Lonlsbnrg College, spoke briefly at etth of the services. ?I EUROPEAN 1 WAR NEWS Belgrade, M?rch 19. ?Sources of the highest reliability said to night) slavla limited adherence to the . Berlin-Rome-Tokyo Pact which gives the Reich the right to move war materials through Yugoslavia to the threatened Bal kan war (ront and ?ears Yugosla via economy and policies' to thoife of the Axis. The long, secret negotiations were concluded here shortly after noon. A Yugoslav note was dis Rtitched to Berlin and all that was awaited was a formal lavitfc<. tion for Yugoslav leaders to come to Berlin and sign tfhe pact, ex pected within a week. The agreement, the informant said, provides a German guaran tee of Yugoslav frontiers and ter ritorial integrity .and exempts Yugoslavia from the military and mutual aid provisions of the orl ginal tripartite pact. This excludes the presence of German troops on Yugoslav soil. The passage of German hospi tal trains, wounded and sanitary (medical) supplies through Yugo slavia is permitted. Cairo, Egypt, March 11* New I and important positions about' Cheren ? perhaps the strongest de fensive area in all Kritrea ? have fallen to the British in the long imperial assault) on the 35.0J0 Italians beleagured {here, general headquarters reported today. Fascist losses in counter-at tacks were officially described as "serious" and the Italian troops and positions in the hills wore under intermittent attack from the sky :is well as along Mie | ground. TheBritish comiuaud, which lius assembled a big army of many \ races apparently determined to toko the town at almost any cost* tal of Asmara open to attack, ex pressed its satisfaction. in a sen tence of generality: "The situation continues to de velop favorably." Froiu the Ethiopian froul aj major success also was aunourir ed: The capture of Jijiga. an! eastern Kthiopian communications" center which controls the road to thp provincial capital of Ilarar, 60 miles sou Oh of Diredawa. which bestrides' the railroad to Addis Almba. tho Kthiopian capital. Tbe next British objective is to cut railroad. ' - I London, March 20. ? (Thurs day) ? German bombers blasted at London last night and early to( day In the heaviest raid of the year, scattering hundreds of high powered bombs that caused un counted deaths in the clty'n most thickly populated districts. A hotel was partly wrecked | and many homes in several areusl wore destroyed. Soldiers and re scue workers dug for victims trap ped nllve. Anti-aircraft flro destroyed at I U'ast one ratder, which fell in flames, adding to the glow of| count-less Nazi flares and the flashes of bomb blasts and gun fire. Observers .said the attack, which began as soon as the stars came out and continued with increasing fury on past midnight, was a re newal of the concentrated and destructive assaults, of last Au tumn. The bombs broke a gas main In one district, but the soldiers went on with t'helr rescue work. In some areas the planes re turned, time after time. Two heavy bombs damaged a hospital. Houses In the vicinity were -destroyed. Berlin, March \ 19k ? An auth orized Nazi spokesman asserted today that Germany alone would decide If a state of war existed between the Reich and the United States. Ue said the Monroe Doctrine assumed that the United State* would not "meddle" in the at* falrs of Europe, but that If the United States did not recognise this principle, "then we must pro tect ourselves." Assertions of the German spokesman were in reply to an Inquiry for reaction to statements in the United States and Britain that America is now* "actively in the war" as result of the lend lease law's passage. The spokes man was asked whether, In view of recent developments, Japan's obligations to Germany under the trl-partite pact would now come into effect. "If tome Americans like to think they are at war with us ? then we certainly will not?Jiinder them," the Nazi spokesman said. He added, however, with em phasis: "We will let no one dictate to us as to whether we are actually at war o* not." Regarding the effect of the lend-lease law, he said: "Whether this assistance (to Britain) from the United States constitutes or does not constitute an act of war depends entirely on ttte value we give It ? and thai ;is precisely tUl;" . . I Gefmany Has boasted that ship r ?" Business Changes White's Funeral Home _One Of New Finns? New Furniture Firm ? | Among, the changes taking place In Louisburg the past week Is that Involving the White Fur niture Co. Mr. K. T. White, as manager, hw if&Bcd tfcf Tuf kcr Cftffr build ing and has opened a funeral home therein to be known as White's Funeral Home. He will, represent the New Deal Burial Association and will equl? his es tablishment in a most up-to-date and modern manner, and will car ry a complete stock at all times. See announcement in another col umn. The furniture business of the former tirm will be taken over by a firm under direction and man agement of Mr. W. lv White, who at the same location. A more complete announcement will be made later. o ? ? ? ? ? LOUISBURG METHODIST CHURCH The Sunday morning service all the l.ouisburg Methodist Church will be of a very special nature. A beautiful lighted Cross is being given to the Church by Mr. and Mrs. D. F. McKlnne" in memory of their son. Clarence McKlnne, who died in December of 1915, a few months prior to his tenth birthday, March 23. This presen tation is more than a memorial, for it is being given as n message j and an emblem of inspiration and guidance to the multitude of boys anil girls who through the years j will worship in this Church. The I subject of the morning message will be "For Their Sake." At the 7:30 hour Mr Heddeu ! "with speak on "Purpose ? in ? His Plan." Church School at 9:45 under (?he leadership of lJrof. I. D. Moon. Young People's Service at 6:45. 1 We invite you to come and wor- I ship witji us. LOUISBURG BAPTIST CHURCH Next Sunday morning. Dr. Bag by will preach on t-he subject, "Out to Christ." At the evening service, he will dlscusB "Unlimited WosoumuH." - Sunday School, 9:45. B. T. U., 6:45. Evening Service, 7:30. Much interest is being shown in the coming pre-Kaster series of meetings, beginning April 6t'h and continuing through April 13th. All are invited to these services. The Pastor will do the preaching. o ? ST. PAUL'S EPISCOPAL CHURCH Services (or this Sunday and next week will be as usual. The Early Celebration of the Holy Communion, Sunday, at 8:00 A. M.; Church School at 9:45 A. M.; Morning Prayer and Sermon at 11:00 A. M. The Young Peo ple's Service League and mem bers of the Church School will | give a pageant "Lady Catechism" | in the Church ati 7:30 P. M. Wednesday morning there will be the Celebration of the Holy Communion at 10. Thursday afternoon there will be the Children's Lenten Service at 4:00 o'clock and ati 7:30 P. M. there will the regular mid-week Lenten service. ? NEW LUNCH ROOM Mrs. Mary Oliviere has opened a N6w Lunch room or Cafe in the building next to Dr.' H. H. John son office site, on Main Street. It will be known aa Everybody's Lunch ? and la baing equipped In a moat pleasing and convenient mannar. Mrs. Oliviere Is well ex perienced in tifals profession and those who patronize her may ex pect the best. carry lne^TtTnerlcan weapons, munitions and supplies to Britain wfll not reach tneir destination. Asked whethdiy Oermany stall recognized the Monroe Doctrine, the spokesman raid that such re cognition, had. -seven been laid down -foi%ially under internation al law, and added: "However, numeroife state ments by the Fuehrer and Foreign Minister Joachim von Rlbbentrop and other leading German states men recognizing the doctrine have the same value for us. It must be emphasized, however, that> we re gard the doctrine as working both ways ? if we recognize It for America, America must recognize It for Europe. "It is a natural corollary that If we keep our fingers oft United States affairs, they will not med dle in Europe. If they do not re cognize this corollary, then we must protect ourselves." e ; Ati the world's a stage bub it's *n America mainly that the cry is -ot now! .j, L ....... " BAB SON ENCOURAGES INVESTORS United States Against Foreign Securities (15* KtXiER W. BABSOfi.) Babson Park, Fla.. Mar, 21. ? In spite of the bigbeat rate of In dustrial production thlg country iiaa ever known, the stock market sftpws but little sighs of life. Pur thermore, while prices have been falling on t>he New York Stock Exchange since last Not ember, stock* in London ? Ira v e gone up and in Berlin have held at a very high level. Wtn U. S. and Canadian BABSON stocks remain at their prevailing low prices, slide off further, or la there a rise ahead? These are questions In which readers are interested. Let us look at the record. Berlin ? ixmdon - New York Following the start of WorM War II In September. 193#, Gor man stock prices reacted only a trifle the next month and ever since Mien have been climbing to new highs. Of course, the Berlin market is controlled. It is not the type of free market which exisU in New York. Toronto, or even in London, despite t-he pegging of the British pound. From the commencement of hostilities. Brit ish stocks also moved steadily up ward until March. 1940, when ulujv took a nose-dive, reaching their low In the early summer of 1940. Since then, London prices have risen more than New York prices. At the beginning of the War, (he indices of New York and Ber lin stock prices were the same, namely. 93. New York prices rose above l hose of Berlin for a mont'h, TTi?m reacted dOlltlnuM ? tor six mouths a aidewiae movement. In April, 1940, a month after the decline started In London. Amert can stock prices fell sharply, showing a drop from a high- of 95 V4 in October, 1989, to a low same period of time, London prices dropped from 72 to 64 3-4, thus showing nowhere near the ? collapse experienced in the AmerL can market. New York prices rose from a low of 73 H In June, 1940, to a high of 82 In Novem ber, 1940. London prices starb ed up a month later. However, In November, New ,jyork prices again declined until now they stand at 76 compared with 93 when the War started. V. 8. Investors Should Che?r-Up While New York prices have been declining. London prtces have held up much better. Since the War started, there has been a net loss in London prices of less than 6% whereas the net low In New York prices has been more than 15%. Over t'he same period, the rise In Berlin prices has shown an extraordinary gain of over 35%. This rise in German securities, while admittedly in a controlled market, should encour age American Investors. Certain ly, if control* are put) Into effect here to eliminate the dangers of Inflation, higher taxes, or even more stringent SBC regulations, the Berlin market deAOMtrate* that controls mi jMeeesarlly depress the prices of stocks. Some of my reader* are plead- , lng that U. 3. and Canadian stocks are already selling afr bankrupt quotations; that much further drop will wipe out remaining equities. These readers are also pleading for a return to the old fairly-free form of margin buying and ajiort selling. They want) to buy stocks, but hate to. put op the cash; that Is they want to specu late. This Is a dangerous and vic ious practice. I never bought a share of stock on margin in my life. One of the best things the SBC has accomplished has been the stiffening of margin require ments and the practical elimina tion of stock market manipula tion. Are Equities Being Lost? It any equities are in danger of being wiped uot, they are in dividual equities and not the equi ties of corporations. Too many businessmen are worrying today about) stock prices, failing to study the real values which these stocks represent. For example, General Electric remains as great and ef ficient an organisation and has the same amount of property and equipment) whether Its shares are selling for 41 or for 2C. No form of equity Is wiped, out of a cor poration by a slump In the price of Its shares. However, Individ ual equities mest certainly can be wiped out when one trades oa margin, whether bqying or selling (Continued on Pag* 1)
The Franklin Times (Louisburg, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
March 21, 1941, edition 1
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