— ' 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
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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<ww -gU,... <- ' 'rt "T-A-’
years were: E. J. Coltrane, R. J. Ev
erest, J. L. Fisher, S. H. Plexico, T. A.
Snider, and T. M. Stanback. The new
directors will meet early in March to
choose a president and vice president.
Vice President Bryce Beard presided
over the meeting. The three civic
clubs of Salisbury joined the Chamber
of Commerce in this meeting and did
not hold a regular meeting this week
on account of the special event Tues
day night.
Harris Enters
Solicitor’s Race
W. V. Harris, local attorney, Thurs
day, definitely announced his candi
dacy for the office of solicitor of the
Rowan county court.
Mr. Harris is one of the leading
young attorneys of the city and is well
known in Salisbury and throughout
Rowan county. This will be Mr. Har
ris’ second race for this position, hav
ing participated in the primaries six
years ago but failed to receive the
nomination.
Charles Price, another young at
torney of the local bar, is also a can
didate for this position but so far he
has made no public statenftnt of his
candidacy.
DAVIE YOUTH SLAIN
Cooleemee—Virgil Gibson, 21, who
left home last December, was found
slain a few days ago in a Kentucky
coal mine, his body riddled with shots.
Jimmy on Ice
I-aliiiiLd_
Debonair James J. Walker, Mayor
of New York, in his sub-arctic cos
tume at the Winter Olympic Games,
Lake Placid, New York.
Who’s Who In Rowan
TEACHERS’ DIRECTORY
ROWAN COUNTY SCHOOLS
Woodleaf
C. A. Furr, principal and mathemat
ics, Woodleaf: Mrs. C. A. Furr, sci
ence, Woodleaf; L. B. Paschal, Eng
lish, Bennett; B. L. Green, French‘and
mathematics, Woodleaf; Ruth Brant
ley, history, Spring Hope; W. V.
Fielder, agriculture, Woodleaf; A. J.
Haynes, assistant agriculture, Wood
leaf; Margaret Cline, Salisbury, R. 3;
Frances Edwards, Ridgeway, Va.; Mrs.
Janie Hurst, Woodleaf; Blanche Un
derwood; Blanche Wilhelm, Cleveland;
Mrs. B. L. Green, Woodleaf; Mary
Ransdale; Flora McDonald, history
and English, Carriage.
Yadkin
Ethel Moyle, Salisbury; Mrs. Mary
F. Bost, Salisbury.
Yost
Mrs. Nettie M. Goodman, Salisbury,
R. 6; Mrs. Alerie K. Bernhardt, Sal
isbury, R. 8.
Zeb
Eucile Thomason, Salisbury, R. 1;
Oda Gobble, Spencer.
GIRL KILLED IN FALL
Durham—Miss Margaret A. Patter
son, who has been living in New York,
was having a party on her 25 th birth
day. She went up stairs to invite two
young men to come to her apartment
for the affair. She jumped upon the
bannister in a frolicsome way to slide
down. She fell two stories and was fat
ally injured.
INSURANCE RATES INCREASED
Raleigh—Two increases have been
made in the past six months in auto
mobile liability insurance coverage and
now the rates for fire and theft cov
erage have gone up about 25 cents on
the $100.
' 1
NORTH CAROLINA
NEWS IN
BRIEF
^a
JACKSON DAY DINNER
Raleigh—The North Carolina or
ganization of young Democrats will
hold their Jackson Day dinner after
the June 4 primary, but before the
November election. The dinner had
been planned originally for March 15.
PAIR BURIED TOGETHER
Rutherfordton—Two men of the
same name and the same age died in
Rutherford county on the same day
and both were buried the same hour
in different parts of the county. Both
were members of Methodist ^lurches.
DISCUSSES SUICIDE, DIES
Dunn—Bruce Cromartie, 26, talked
about committing suicide, went to an
unstairs bathroom and finally return
ed to the living room of the home at
the insistence of his mother. Within a
few moments he slumped in his chair
and died.
FIRST MELON PICKED
Manteo—Dare county claims the
first melon of the season. L. R. Mann
last week pulled the first one to get
ripe on this Carolina coast this year.
Irish potatoes have been ready here for
.
BUSINESS LEADERS MEET
Charlotte—Leaders in business, com
merce and industry met in Charlotte
around the banquet table and discuss
ed means and methods of restoring
prosperity. The group declared inde
pendence from fear, jealousy, and sel
fishness.
LEGION OPENS OFFICE
Raleigh—State headquarters for the
American Legion’s drive on unemploy
ment was opened here Monday with
Maj. Michael A. Perry of Raleigh, in
charge. District unemployment work
ers will make frequent reports to the
Raleigh office.
ACCIDENTS TAKE 16 LIVES
Charlotte—Week-end accidents in
southern states claimed 16 lives. Mo
tor vehicle accidents accounted for 11
of the deaths. One was killed by a
street car in Charlotte to furnish
North Carolina’s only contribution to
the casualty list.
1
SIGNAL BREAKS, RIOT ALARM
Kinston—The alarm -equipment of
the Kinston, fire department became
upset and the riot signal was sounded
repeatedly when fire broke out in a
residence and the owner desired to turn
in a call. Considerable commotion was
the result.
FURNITURE PLANT BURNS
High Point—Flames starting under
the floor near the dry kiln room de
stroyed the plant and equipment of
the Giant Furniture company, entail
ing a ioss of about $100,000. High
Point firemen, using every piece of
equipment in the city, had a long bat
tle with the flames.
DRY LEADER TALKS
Asheville—Col. Amos W. Wood
cock, national director of prohibition
enforcement, says the success of pro
hibition must come through a revival
of temperance education. Prohibition
officers, he said, are merely seeking to
curtain the supply and "we must have
the co-operation of the people in
checking the demand.”
JNO. R. McCRARY NAMED
Lexington—John R. McCrary of
this place has been named United
States attorney for the middle district
of North Carolina. Mr. McCrary has
been practicing his profession in I,ex
ington for nearly 30 years. He suc
ceeds E. L. Gavin of Sanford, who
failed in his efforts to receive re-ap
pointment.
RAPID INCREASE
IN DEPOSITS IS
BASIS OF VIEW
Purchase Of Government
Certificates Is Putting
More Money Into Circu
lation Daily.
ALMOST $50,000
GROWTH IN POSTAL
SAYINGS IN 1931
Government Deposits
Funds In Solvent Banks
To Assist In Restoration
of Normal Business Con
ditions.
A tendency to hoard money is re
vealed in a comparison of postal sav
ing figures of the postoffice depart
ment for the past year or two.
The figures show that postal sav
ings deposits, into which a considerable
portion of hoarded money generally
finds its way when brought from hid
ing, showed a healthy increase in Sal
isbury during the fiscal year 19 31.
Tkis is also true of otker cities in tke
-.mtvwraiM.ii- 'v.i'.v- *£*-**<*■.—..
At the end of the year December
31, 1930, figures show, the number of
postal savings depositors in Salisbury
was 114. The total of their deposits
ran to $94,788.
By the end of 1931, however, 184
residents of Salisbury had put their
money in the postal savings system.
The total deposits had risen to $142,
090. i
The average deposit averages sever
al hundred dollars. The law limits the
amount which any individual may de
posit to $2,500.
These figures reveal a healthy in
crease in postal savings during the" past
year. The increase in the total amount
on deposit was nearly $50,000.
Much of the money that was de
posited in postal savings during 1931
probably came from rude and home
made hiding places, is believed; mon
ey that had been hoarded and hidden
in tea pots, behind chimney bricks, tin
cans, behind pictures on the wall, un
der mattresses and in other queer
hoards, to be later converted into gov
ernment postal savings.
Postmaster General Brown, of w ash
ington, in commenting on the habit of
hoarding,- says:
"The law governing tne postal sav
ings system prescribes that the funds
received at postal savings depository
offices in each city, town, village or
other locality shall be deposited in
qualified, solvent banks located there
in, willing to restore such deposits.
"Eligible banks are required to de
posit securities authorized by act of
congress or supported by the taxing
power. Banks are not only willing but
eager to qualify and receive these de
posits, for which they pay the govern
ment at the rate of 2 1-2 per cent in
terest a year.
"It has been the purpose from the
beginning to avoid having postal sav
ings banks compete with banks and to
encourage the receipt of funds which
otherwise would be hoarded. It is esti
mated by experts and confirmed by
the reported increase in the money
float that probably $1,000,000,000 or
$1,500,000,000 have been withdrawn
from banks and hoarded in various sec
tions of the country.
"If the individuals who have with
drawn their funds from banks under
stood how useful and at the same time
now secure their money would be if
deposited in postal savings, they would
make a substantial contribution to the
restoration of normal business condi
tions. For every $1,000,000,000 in
hiding, $10,000,000,000 of credit has
been withdrawn from its proper sphere
of usefulness.”