Income Taxes Show Big Gain For Year
N. C. Collections I
Show Big Gain
Over Last Year
$ 1 , 3 2 4,000 COLLECTED BY
NORTH CAR. IN 1931-1932
FISCAL YEAR; $993,000 PAID
INTO THE STATE CONFERS
THE YEAR BEFORE, ANNUAL
REPORT SHOWS.
North Carolina ^collected $1,
324,000 in income taxes in the fiscal
year 1931-32, it was announced to
day by the state tax commission.
Collections the previous year we?e
$993,000.
Payment of the new six per cent
"flat” tax by foreign corporations
was said by the commission to have
been responsible for the increase.
Foreign corporation paid approxi
mately half of the total collected,
or $640,736.31.
Although the rates on individual
incomes during the past year were
from 20 to 75 per cent higher, in
comes shrank so greatly that the nor
mal tax during the past year amount
a A f a Anltr t ^ b ^ nnn
"A taxpayer cannot deduct ar||
losses sustained against the tax due
from dividends,” it was said in the
commissioner’s announcement.
"Losses sustained can be deducted
from normal income, and this fact
together with the shrinking of the
income itself accounts for the tre
mendous shrinkage in normal indi
vidual income tax paid, and makes
the two-thirds of a million collected
from dividends appear all the more
important in a year like this when
deductions for loss affect so con
siderably the yield of the r(ormal in
come tax.”
GOLD HILL ITEMS
The Prosperity grange met Monday
night with good attendance. Our
grange is doing better. Folks, let us
boost the grange, there is nothing else
like it.
Miss Bethel Glover is at home a
gain after spending the last two weeks
with her sister at Kannapolis.
Mr. Allen Barringer and Roxie Van
hoy were happily married last Satur
day. We wish them a long and pros
perous life together.
Rev. and Mrs. John L. Morgan, of
Charlotte, are spending their vacation
near Corinth church at the old home
place of Rev. Morgan. Rev. Morgan
is the president of the Luthern Synod
and we are glad to welcome him back
in our midst.
Mr. H. L. Treece is spending a tew
days this week with his father, A. R.
Treece, near Albemarle. The latter
has been sick for the last week, but
is improving now.
The revival is in progress at An
tiock Baptist church this week. Rev.
B. G. Whitley, of Greensboro, is do
ing the preaching. We are expecting
a good meeting.
Rev. Lee Shipton is serving as pas
tor of Piney Woods E. L. church un
til the beginning of school in Septem
ber.
Mr. and Mrs. E. C. Hill are build
ing them a fine little bungalow on the
highway just below Gold Hill.
A good many of the people of Pros
perity grange atended the county
grange picnic, which was held at
Peeler’s lake. They all reported a
fine time.
Mr. Lee Wiles has just finished
painting Mr. Joe Morgans barn. Mr.
Wiles is a good painter and if you
have any painting to do you will do
well to see him.
Mr. and Mrs. Roy Parker and little
son, Clyde, of Kanlnapolis, spent the
week-end visiting relatives of this
community.
Mr. and Mrs. Rodger Richardson,
of Salisbury, spent Sunday evening
in the home of Mrs. Mary Shaver.
STRAINING THE LIMIT
Hobbs—Do you live within your
income?
Dobbs—Good heavens, no! It’s all
I can do to live within my credit.
MOST for your MONEY
in a good laxative
Thedford’s BLACK-DRAUGHT
has been highly regarded for a
long, long time, but it is better
appreciated now than ever before.
People are buying everything more
carefully today. They count every
penny of the cost. In buying
Black-Draught, they get the most
for their money, in a good, effec
tive, easy-to-take laxative, made
of approved medicinal plants, de
pendable for the relief of ordinary
constipation troubles.
25 or more doses of
Thedford’s Black-Draught
in a 25-cent package
For Children, get pleasant-tasting
ETBVP of Thedford’s Black-Draught.
i — ---;----—■——-t
Thousands Witness Olympic Athletic Struggles
Champion athletes of leading nations of the world are now engaged
^ in herculean struggles of their careers in the 10th Olympic games at
I Los Angeles . . . Top; Parade of All Natons which marked the opening
of the games, July 30. Lower left, Lieut. George C. Calnan, U. S.
Olympic team, who took the solemn Olympic oath for all nations partici
pating as the hundreds of athletes stood with raised hands, at the opening
1 ceremonies. Lower right, Vice-Pres. Charles Curtis, greets the crowd
Capitol News
If preliminary surveys of the stor
ies already in production or ready for
production in the major studios on
the west coast are to be taken as a
criterion, motion picture patrons
during the coming year are to have
more action and more comedy than
ever before, according to a statement
made today by Paul Phillips, manage;
of the Capitol theatre. Mr. Phillips
has just returned from a district con
ference in Charlotte presided over by
Roy Smart, Division Director, where
new feature releases for Paramount’s
Greatest Entertainment Season were
announced.
"Of the 400 odd features announ
ced by the major studios for the com
ing year”, said Mr. Phillips, "nearly
200 of the total are to be placed in
the action group. In the straight
dramatic section will be found 81
stories while 29 are classified as
strictly comedies. The balance of
the entire group slated for production
is assigned to what we term 'type’
pictures, being based on "back
ground” or "problem” plots, such as
mystery stories, historicals, sports,
thrills, theatrical, prison political and
shop girl.
"Sex pictures are on the wane and
only 19 strictly classified as such e.r^
on this year’s list,” continued Mr.
Phillips. "Society dramas number six,
flaming youth stories 16, romances
five, big city stories total 12 and sop
histicated dramas 12.
"There are 16 straight comed.es on
the new list with five comedy dramas
and eight musical comedies. The new
product will include 18 mystery type
stories.
"Western action dramas will total
5 8 and there will be five aviation
stories. Only one rural drama is on
the schedule at present.
"Paramount’s new product, all of
which will be booked during the
coming year in Salisbury will, in my
opinion, be the finest group of pic
tures this leading company has ever
released.”
"Among the first releases to be
shown in Salisbury will be Harold
Lloyd’s new comedy, "Movie Crazy,”
which is said to be a laugh riot from
start to finish and the Four Marx
Brothers in a new comedy, "Horse
Feathers,” which is said to be even
lunmer than the title.
"Then there will be Marlene Diet
rich in her new romance "Blonde
Venus,” in which she will have two
leading men, Herbert Marshall, the
noted English actor and Cary Grant,
one of the screen’s new leading men.”
"Maurice Chevalier will be seen
here early in "Love Me Tonight”,
supported by charming Jeanette
MacDonald.
"Helen Hayes, noted Broadway
stage star, supported by Gary Cooper
will soon be seen in "A Farewell to
Arms.”
.PATTERSON ITEMS:
The degree team of Patterson
grange visited the Barber grange last
Thursday night to confer the third
degree. The second degree was also
put on by the Woodleaf team. After
the meeting delicious refreshments
were served.
The ladies club will hold its regu
lar monthly meeting Friday after
noon. All members are urged to be
present.
Mr. and Mrs. W. W. Yost are re
ceiving congratulations upon the ar
rival of a son, William Everette.
Mrs. James Turner, who has been
in a Charlotte Sanatorium, has re
turned to the home of her sister, Mrs.
F. D. .Patterson. We are glad to
know that she is improving.
Miss Julia Torrence and Mrs. R.
B. Kistler were given a surprise birth
day supper last Saturday evening by
their neighbors and friends.
The Grade Luther League is having
an ice cream supper at the home of
Mr. A. A. Overcash Saturday night.
About forty Patterson Grangers
visited the Cress Grange Tuesday
night. The second degree was put on
by the Woodleaf team, and the Pat
terson team put on the third. After
the meeting delicious refreshments
were served to the enjoyment of all
present.
Miss Evelyn Dougherty, of Moor
esville, is spending the week with
Miss Bertie Smith.
Qnite a number of Patterson Gran
gers are attending the Grange picnic
at Peeler’s Lake today.
The Grace Luthern Church has
been holding a very successful Bible
school during the past week.
Sea Train Excursion Norfolk, Virginia
INCLUDING 7 HOURS CRUISE BEAUTIFUL
CHESAPEAKE BAY
Ayj FRIDAY, AUGUST 19th (h >4
Round Trip Fare From ^ "‘f
M SALISBURY, N. C. T
! Tickets on sale going trip, August 19th, good returning regular
trains leaving Norfolk 7:00 P. M., August 21st, and 7:30 P. M.,
August 22nd.
7 Hours Cruise on Chesapeake Steamship Sunday, August 21st. |
Steamer leaves Southern Railway Docks, Foot Jackson Street, 9:00
A. M., Sunday morning, August 21st, Returning 4:00 P. M. same
| day. Round trip fare includes cruise on Chesapeake Bay. Don’t
miss this fine opportunity to enjoy the salt sea breezes sailing on the
palatial Chesapeake Line steamer.
SEA TRAIN EXCURSION
A new type of rail and water outing offered by the Southern Rail
way System with the opportunity of visiting the seashore resorts
| around Norfolk, seeing Hampton Roads and many other historic
points on Chesapeake Bay.
Reduced round trip pullman rates.
Lunch on steamer enroute at reasonable price. Accommodations
on steamship are limited.
For tickets, schedule and pullman reservations, consult ticket agents.
SOUTHERN RAILWAY SYSTEM
ROWAN COUNTY
PUBLIC MARKET
Butter, lb _1_ 30c
Butter milk, gal. ___ 20c
Cottage cheese, pt. _ 10c
Cream, pc___ 25c
Eggs, doz. *_ 18c
Fryers, alive, lb. __ 15 to 18c
Hens, alive, lb. _ 13c
Hens, dressed, lb__ 18c
Cured ham, lb. _ 23c
Side meat, lb. _ 15c
Shoulder, lb. _ 15c
Molasses, gal. _ 50c
Hon ey,, lb__.___ 25c
Corn meal, lb. _1_ 02c
Green peas, qt. ..._ 15c
Blackberries, qt. _.-._ 15c
Dry Beans qt. _... 10c
Butter beans, qt. _ 15c
Cabbage, lb___ 04c
Carrots, bunch___ 05c
Collards, bunch _ 7 l-2c
Mustard greens, lb ___ 7 l-2c
Dry onions, lb. ...._ 05c
Irish potatoes, lb__ 2 12-"
Sweet potatoes, lb. _ 03c
Spinach, lb__ 10c
Turnips, bunch _L___ 05c
Turnip greens, lb. _ 7 l-2c
Snap beans, lb. __ 5 to 7 l-2c
Beats, bunch _ 05c
Green onions, bunch _.... 05c
Cucumbers, lb. _-_ '05 c
Cantaloupes, each _ 05c
Watermelons, each _ 5 to 40c
Tomatoes, lb. ...r_ 05c
Apples, pk. _ 25c
Peaches, pk.1_ 25c
Pears, pk. . 25c
Corn, doz. - 18c
Okra, lb. _ 05c
Squash, lb__ 05c
Peanuts, qt. _ 05c
Vinegar, gal. ... 3 5c
Field peas, qt. - 10c
NO GOLD DIGGER
• Boys always likt to date
With Eva Fay—
She leaves them with enough
To eat next day!
MEN WANTED to conduct world
renowned Rawleigh Home Service
business in and near cities of Mocks
ville, Statesville, Spencer, Cjhina
Grove. Reliable hustler can start
earning $3 5 weekly and increase rap
idly. Write immediately. Rawleigh
Co., Dept. NC-121-S, Richmond,
Va.
---- * - -
. _i-_., -4
ZHow to play Bridge
AUCTION w
CONTRACT
by Wynne Ferguson
Author of "PRACTICAL AUCTION BRIDGE*
Copyright, 1931, by Hoyle, Jr.
y.
ARTICLE No. 13
The informatory double is still an
important factor in Auction and Con
tract, and presents some interesting
and puzzling questions of bidding. For
example, suppose the dealer bids one
no trump and second hand doubles
(informatory), with what type of hand
should the dealer’s partner make a bid?
There is still considerable difference of
opinion among the experts as to the
proper procedure in this situation, but
the writer has very definite ideas in
regard to it. There are four distinct
types of hands at either Auction or
Contract which should be bid by the
dealer's partner over an informatory
double of one no trump. First: with a
hand as good as an original no trump,
dealer’s partner should redouble. For
example, with a hand of this type:
Hearts — A, 4, 2
Clubs — K, 7, 4
Diamonds — J, 10, 3, 2
Spades— K, 10, 9
The redouble is a powerful weapon
when properly used and the source of
many big penalties. After a redouble,
partner should double any bid made
and try for penalties.
Second: If the dealer’s partner holds
as good as an original bid in a suit, he
should bid two in the suit over the
double. For example, with a hand of
this type, bid two clubs:
Hearts — 10, 4, 3, 2
Clubs —A, K, J, 4, 2
Diamonds — 10, 7
Spades — 9, 2
By so doing, you give the exact in
formation to your, partner that you
have as good as an original bid in that
suit. It is the only way you can give
this exact information and for that
reason the opportunity should not be
lost.
Third: If the dealer’s partner holds a
set-up minor suit, he should bid two
no trump over the double. For example,
with a hand of this type, bid two no
trump:
Hearts — 7, 6, 2
Clubs — 10, 4, 3
Diamonds — A, K, Q, J, 7
Spades —J, 4
Here again you have the opportunity
to give this exact information to part
ner and you can only do so by bidding
the two no trump.
Fourth: If the dealer’s partner holds
a hand which justifies a major suit
take-out of the no trump irrespective
of the double, it should also be bid over
the double. For example, with this
type of hand, bid two spades:
Hearts— 10, 7
Clubs — J, 9, 4
Diamonds — Q, 6
Spades — J, 10, 7, 6, 4, 2
When you hold six or more hearts or
spades, it is obligatory for you to bid
that suit over partner’s no trump and
the obligation i3 just as strong when
the no trump has been doubled.^uch
a bid gives partner exact information
that you have a justifiable take out
and that information may be very
valuable.
Problem
Hearts — Q, J, 9, 8, 7, 5
Clubs — 10, 9
Diamonds — 9, 2 '
Spades — 7, 6, 4 ,
_ No Score, rubber game. Z dealt and
bid one no truriip and A doubled. What
should Y now bid at either Auction or
Contract? In case Y passed, B passed
and Z kid two spades, which A doubled,
what should Y now bid?
From the foregoing discussion it
should be obvious that Y should bid
two hearts over the double. He has six
hearts and .therefore an obligatory
take-out of the no trump. After making
the mistake of passing, however, the
right thing for him to do is not so
obvious. When B also passed the
double, it was evident that he did so
because he was certain of defeating Z’s
one no trump bid. In other words,
both A and B have indicated strong
hands. Z’s subsequent bid of two
spades merely indicated that he realized
his no trump bid would probably be
defeated and that he figured he had a
better chance to get out of trouble by
bidding spades.
A s double of two spades indicated
he could defeat that bid; so Y was
confronted with a difficult problem.
The fact that he had three spades was
an argument against bidding three
hearts, but his outside hand was so
wreak that there was little or no chance
for Z to make two spades. On the other
hand, Y had a strong heart suit and, if
his partner had high cards in the other -
suits, he would have a good chance to
make his bid. For these reasons, the
writer is of the opinion that Y should
bid three hearts over the two spade
bid at either Auction or Contract. It is
a close question and shows the value of
bidding such hands at once over the
double. Then you don’t get into trouble.
I clothing]
lien’s and Young Hen’s 3 Piece Suits. B
Extra Special Values I
$6.85, 7.85, 9^85^ 11.85, 12.851
Men’s Dress Shirts I
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39c, 48c, 75c, and 98c I
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48c, 59c, 75c, 85, and 98c I
600
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SPECIAL—
98c
BLANKETS
Now is the time to buy your WIN
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I CAROLINA DRY GOODS CO I
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