— ' i . The Oldest Newspaper Published In North Carolina The Carolina Watchman '"The Watchman Carries a Summary of ^All The TT$ws” Founded 1832-100th Year SALISBURY, FRIDAY MORNING, FEBRUARY 26, 193 2 Vol. 27, No. 9 Price 2 Cents - - APPEAL TO HIGH COURT OPPOSED IN THE ANSWER Southern Insists That Cir cuit Body Pass On In junction Against P. & N. Expansion. ■ "■ ■■ ■■ EXPECT I. C. C. TO ALSO ANSWER P. & N. REQUEST Proposed Line Of P. & N., If The Permit Granted, Would Go Through Sal isbury; $15,000,000 Building Program Plan ned. Answer of the Southern railway to the petition of the Piedmont & North ern railway filed with the United States supreme court January 29 ask ing the highest court to hear the ap peal of the P. & N. from an injunction against its proposed expansion pro gram, secured in district court, with out the case having to follow the us ud procedure tiunwgk the circuit court of appeals, has been filed. The answer of the Southern, as fil ed with the clerk of the supreme court, asks that the court require the case to be heard by the circuit court of ap peals before coming up in the United States supreme court. All answers to the petition of the P. & N. must be filed with the court by Friday. The Interstate Commerce commission is expected to file an an swer before the end of the week, and its answer will likely concur with that of the Southern and other steam rail ways opposing the Piedmont & North ern in its plan for extensions in* re questing that the case not be heard by the supreme court until it has first been reviewed by the circuit court of appeals. The motion will probably be pre sented to the supreme court on Mon day, as most motions and petitions are offered the court at that time by the clerk. It is probable that the supreme court will announce its decision about hear ing the appeal of the Piedmont & Northern on the following Monday or on a succeeding Monday, as announce ments of that kind are usually given out on Mondays. It is believed that only a few days will be required by the supreme court to make its deci sion about hearing the case. Should the petition, of the P. & N. be granted and the appeal go straight to the supreme court instead of follow ing the usual channels through hear ing in the circuit court of appeals, the ultimate conclusion of the case would be greatly hastened. If the petition is granted and the appeal is heard by the high court and a favorable decision is rendered, the P. & N. plans to immed iately start work on the extension of its electric railway lines from Gas tonia to Spartanburg and from Char lotte to Winston-Salem, joining up the existing lines of the railway in the Car olinas. The cost of the proposed building program would amount to approxi mately $11,000,000. When work was started on the project last year, sev eral steam railways and the Interstate Commerce commission secured an in junction in United States district couri at Greenville, S. C., restraining the electric line from carrying forward the extensions. N. C. POPULACE GAINS Raleigh—North Carolina lost 2,41 < persons by death during January, bu gained 1,317 by birth, the state bu reau of vital statistics reported. Thi death rate was 7.1 per thousand. r— 1 ■——! Good Morning Mpjf. LIFE Life is only a tree Sighing in the wind, Only a bird Praising the dawn, Only the fallen petal Of a snowy rose, Or the strains of a violin On a hill at sunset. Life is only the scent Of a rare perfume, Only the soft "cooing” Of a dove or a baby, Only the majestic throb of an organ In an ancient cathedral, Or the velvety pages Of a well-loved book. Why do I love it so? Nemo. Wedlong—My dear, it’s no use for you to look at those hats; I haven’t more than a dollar in my pocket. Mrs. Wedlong—You might have known when we came out that I’d want to buy a few things. Wedlong—I did. THE STONY STARE Flapper: "Don’t you speak to him any more?” Ditto: "No! Whenever I pass him I give him the geological survey.” ”Geological survey?” "Tes, that’s what ts coranonty known as the stony stare.”—Bruce. Summer Boarder—Have you seen anything around here worth shooting? Farmer Brown—Not until you came! FLOURISHING INDUSTRIES Teacher: *"What is Boston . noted for?” Johnny: "Boots and Shoes.” Teacher: "Correct. And Chicago?” Johnny: "Shoots and boore.” —Chicago Tribune. WRECKING A SEASIDE ROMANCE She: You remind me of the wild sea waves. He: Oh, because I’m so reckless and unconquered? She: No, because you are all wet and you make me sick. OLD TIMERS REMEMBER IT A question we Don’t hear of late Runs thus—"John is My hat on straight?” First Stude—Wasn’t that a juicy lecture by Professor McCullom on "The Culture of Prunes?” Second Stude—It surely was. He was so full of his subject. OH! The girl from the North asked the Southerner what sort of tree there was before them. "That’s a fig tree,” he replied. “Oh!” she said, "I thought that the leaves were larger than that!”—Shoe Tongue Talks. CLINGING Somewhere within us Is a power to cling, Like a circus performer Out there in the ring; Like the leaf on the tree * That sticks to the last No matter the weather Or how fierce the blast; Like a straw in the wind Held firm on a weed; Our organs still function Supplying life’s need, But in the mad frenzy We wear ourselves out, Never finding or knowing What life is about. Oh, could we but stop Just once in a while, : Relaxing and basking In somebody’s smile, i , —W. Ray Barnes in the Detroit Free Press. Exchange Opened For Closed Banks The Government has supplemented its efforts to help the nation’s finan cial institutions with a new move to make the way easier for banks that have succumbed to the pressure of the economic slump. John W. Poole, comptroller of the currency, announced the establishment of a central agency in New York city for marketing bonds held by closed banks. Officials hope in this way to obtain the best return possible and avoid an indiscriminate dumping of securities with consequent low prices. A senate banking subcommittee headed by Senator Watson of Indiana has concluded hearings on the Hoover home loan discount bill and arranged for early sessions to formulate the leg islation. Conferees on the vital credit meas ure were unable to a£ree on the length of the life to be given the legislation and whether its emergency provisions are to be extended to bansk of more than $2,000,000 capitalization. Senator Glass of Virginia, sponsor of the bill, insisted upon the senate provision restricting the privilege to banks of less than $2,000,000 capitali MW? < resentative Stegall of Alabama, co-au thor of the bill, stood pat for their measure which made no restriction of time nature. A compromise is in prospect where by banks of more than $2,000,000 may rediscount present ineligible pa per up to an amount of three or five per cent of their deposits. The senate measure would make the legislation effective for two years. The house provided one year of life. A compromise at 18 months is being con sidered. Meanwhile, the Reconstruction Fi nance corporation is going to the aid of depositors in solvent banks which are closed. It has $200,000,000 for this work. Contentions in congress that bank ers were not taking full advantage of their credit facilities with the Federal Reserve board were reflected m the board’s monthly report. It showed that in January member banks credit de clined $5 50,000,000 in leading cities. C.0FC.D ECTORS TO NAME OFFICERS At the eighth annual dinner and business meeting of the Salisbury Chamber of Commerce held in the Yadkir hotel Tuesday night a new amendment was made to the constitu tion whereby the board of directors will elect the president. In addition to the new amendment the membership voted to have six directors serve a pe nod of two years. WO* n