The Watchman
_________
_F0^JDED 1832—101ST YEAR 1 SALISBURY, FRIDAY MORNING, JUNE 15, 1934. ' VOL 101 NO. 46. PRICE 2 CENTS.
k
r:__—---:---i________
REPORTER . . . (it 68 years
My friend Frederick T. Birchall
ot the New York Times received
the Pulitzer Prize in Journalism the
other day for the best work of a
newspaper correspondent in 1933.
That may not mean much, but it
proves one thing that I have long
maintained, l'hat is, that news
paper work is not, as people often
say. a "young man’s game.”
For Fred Birchall is 68 years old,
and has been a newspaper corres
pondent for only three years! As
a very' young man he worked for
a short time as a reporter. Then
he got an editorial job and rose
through the ranks until he was act
ing managing editor of The Times.
At 65, when, most men retire, he
wanted to be a reporter again, so
The Times sent him to Europe to
go where he pleased and write what
he pleased. Ffis dispatches from
European capitals prove that one
doesn t have to be a boy to be a
good reporter. '
This is one occupation in which
a man can keep on doing good and
constantly improving work as long
as his health lasts.
BRAIN . . . doesn’t ■wear out
The human brain doesn’t wear
out. It grows with use. Not long
before his death I asked Thomas A.
Edison how he kept his youthful
outlook. He had been talking, at
S2, of things he was going to do
next.
"You can keep your brain young
by working it hard,” he replied.
"It grows in power with use. The
only thing that grows old about a
man is his body. If my stomach
holds out I’ll be inventing new
things and better things at 100.”
I am convinced that Edison was
right. Of course, some men stop
thinking, others never did use their
brains much. But the man who
has a good brain and uses it to its
limit grows in ability as time goes
on.
YOUTH . . . and ambition
It is characteristic of youth that
<?VefytW«^ seemr1inportaiit'to the
young. That is natural, for every
thing is new to the young. Noth
ing like it ever happened before.
Wars and depressions and hard
times and debt and grand ideas for
making the world over make a
strong impression on youth because
they are novel experiences.
In my own youth I used to hear
the ancient proverb: "A man’s a
fool till he’s forty.” I didn’t be
lieve it, of course. Youth never
believes that its elders know any
thing about its problems. But af
ter a man has reached middle age
he begins to realize that all the
things that he used to get so excited
about were an old story to his par
ents. They had been through the
mill and knew the answers. And
the answers were nothing like what
youth thought they were.
It is, perhaps, a good thing that
youth does not know that most of
its dream will never come true.
For unless the young believed they
could accomplish miracles, they
never would try. And it is only
by trying to do the impossible that
humanity gets a little farther along
wth each new generation.
GRADUATES . . . jobs -waiting
I don’t know how many young
men were graduated from the na
tion’s colleges and universities this
June, but I hear a great deal of
taik about there being no jobs for
them. There seems to be an idea
{Continued on Page Four)
Magistrates Hold
Meeting Here
Newly Formed Stake Association
Addressed By P,nrty Nominees.
The newly formed magistrates’
association of North Carolina met
here Saturday night with a good
atendance and with H. H. Koontz,
of Lexington, president in the chair.
Talks were iflade by Charles L.
Coggin, nominee for solicitor of
this district; J. Allan Dunn, county
judge and nominee for the state
senate; and George R. Uzzell, nomi
nde for the house. These speakers
urged closer co-operation between
the magistrates and the judicial
branches of government, and ad
vocated a higher standard for the
groups. C. E. Fesperman, of Sal
isbury, vice president, recommend
ed a uniform schedule of fees for
the entire statth and the matter
will be given due consideraion. A
barbecue supper was served.
I Morehead City
Project Given
Final Approval
[President Roosevelt Notifies Gover
nor Ehringhaus Of Action.
RAILROAD LEASE BROKEN
Rumors That Durham and Southern
Will Extend Their Li”es To
Coast.
Governor Ehringhaus is in re
ceipt of a letter from President
Roosevelt stating that the proposal
to enact a terminal at Morehead
City has been approved and as soon
as the money is available the $2.
000.000 project will go forward.
The Presidt/.it’s letter set forth
that the Public Works administra
tion views the eastern North Caro
line project with favor and the
governor expressed gratification
that excellent progress is appear
ently being made in the movei.
"It appears that thd initial
dredging of the entrance channel
will cost approximately $550,000
and that should rapid shoaling oc
cur, shore arms should be* built at
an additional cost of $530,000.
There is a further possibility that
extension of the shore arms may
ventually be necessary at a fur
ther cost of $475,000,” the letter
read.
"Funds now available to the
Public Works administration are
insufficient to permit of making
an allocation of this subject at the
present time, and further action
must accordingly await the appro
priation of additional funds for
[public works by congress,” the let
iter stated.
Governor Ehringhaus said that
the Norfolk Southern railroad com
ipany’s 99-year lease on the state
jowned Atlantic and North Caro
jlina railroad from Goldsboro to
iBeaufort "has baen, is, or will be
brokdn.” *
He said he had looked into the
matter of the lease and had asked
Attorney General Dennis G. Brum
mitt to study its legal aspects. For
several years the railroad has. been
jin default in its payments to the
j tate, it was pointed out. The
[governor indicated that he believes
therel are two or three parties who
may be interested in leasing the
\tlantic and North Carolina as
oon as the port terminal becomes
a reality.
The Raleigh Times says "There
is also a considerably-talked report
hat the powerful interests back of
he Durham and Southern railroad,
which now operates betweeh Dur
ham and Dunn, may extend its lines
from Dunn to Morehead City
jwhen the port terminals become a
reality.”
Old Deed Is
Filed In County
A deed which was signed on
April 7, 1843 but never recorded
was filed this week in the office
of the Register of Det(s, W. D.
Kizziah. It was made by Stephen
C. C. Pile, deeding 100 acres to
Hugh Morgan, the consideration
being $8.00.
The land was one-seventh of
that belonging to John Fraley and
was located on the waters of
"Panther crtek”, in Rowan county.
LUTHERAN MINISTER DIES
Rev. B. S. Brown, 80. well
known retired Lutheran minister,
[died Saturday at his home at
China Grove. At one time he was
president of the Luthdran Synod
of this state.
They claim the apples are going
to be very fine this fall, and so the
kids of the neighborhood will bene
fit before anybody else gets any.
NEWS
BRIEFS
PLAN 24 SHIPS
In the navy’s first definite move
toward treaty strength, Secretary
Swanson has approved plans for
the constructon of 24 naval ves
sels. Fourteen destroyers and six
submarines, Swanson said, will be
the first ships built unde* the Vin
son plan to lay down by 1939 the
remaining fighting craft permit
ted by treaty. They will be con
structed with $40,000,000 of ear
marked public works funds to be
provide in the deficiency apro
priaation bill pending in the senate.
SLAY D1LLINGER AIDE
Tommy Carrol, bank robber
and accused slayer, was shot fa
tally by peace officers in Water
loo, Iowa, last weak-—the third of
John Dillinger’s mobsmen to be
killed in the far-flung drive to
eradicate tho gang and capture
its leadnt. Carroll, five bullets in
his body, fell as he reached for his
weapon to resist arretet by two
detectives who spotted his car on
a tip from a mechanic. He died
a few hours later in a hospital.
DROP PRICE-FIXING
NRA officially and definitely
has turned its back oii price-fixing
in outlining a new policy that will
require the revision of scores of
codes to permit freer competition.
The force of the anti-trust laws
against covert, price-maintaining
combinations was made unques
tioned by the nqw plan, which re
duced all code restrictions on pri
ces to the simplest terms, on a
base which would make arrange
ments to keep prices up difficult
if not impossibly Existing code
regulations will stand for the pres
ent. Many will be revised later
but present provisions have not
beein cancelled.
HEADS VETERANS
Gen. Rice A. Pierce, of Union
City, Tenn., attorney, former con
gressman and veteran of Nathan
Bedford Folest’s. f'arrjed Confed
erate calvary, was elected ' com
mander-in-chief of the United
Confederate veterans without op
position at he reunion in Chatta
nooga, Tenn. He succeeds Gen.
Homer Atkinson, of Petersburg,
Va.
STORM KILLS EIGHTu
A hurricanlv which coiitinijed
for almost 24 hours swept through
Salvador last week-end, and at
east eight persons were killed and
homes of 500 wdre destroyed, with
property damage estimated as high
as $3,000. Martial law was de
clared.
DROWNED IN POND
Gilbert Banks Quackonbush,
15, was drowned Sunday in a mill
pond near the home of his parents
at Swepsonvillef, N. C. The lad
called to his companions as he
neared the center of pond that he
was tired, and he sank before they
could reach him.
FATAL KNIFE DUEL
P. J. Churchwell is in the Char
lotte city jail charged with the
murder of J. W. Chandler, both
of the Hoskins mill section of that
city. A knife duel began in the
course of an argument between, the
two, when both rrrifn drew knives
and began slashing at each other.
ROY PARKER BETTER
J. Roy Parker, president of the
1 North Carolina Press association
and publisher of a weekly tielws
paper at his home in Ahoskie, is
reported much improved. He is
expected to leave the hospital at
Durham this week and go to
Asheville, where he expects to
spend several months refeuprating.
MAX BAER
55,000 Fans See California Idol
Bring Heavyweight Championship
to U. S. A*
-1 -■ .. ....
A fight mad crowd of 5 5,000
people saw Max Baer pound his way
to the heavyweight crown of the
|
'Man Mountain” frimo Camera
thus bring the heavyweight cham
pionship to the U. S. A. Referee
Arthur Donnovan stopped the
fight in the latter part of the 11th
round declaring that Camera was
unable to go on.
The opening rounds ,of the fight
saw Camera often 6n the canvass,
but getting up instantly. Car
nera’s straight .lefts to Baer’s face
11 through the fight kept thecrow<*
on edge. Beginning in tha ninth
round Baer started a march to vic
tory that could not be denied. Both
took and gave severe body pound
ings. In the 1 Oth Camera was
forced to the ropes and claimed a
low blow, but the refeite© denied
his charge and they were soon
fighting again. Camera took the
count of 2 and when up was weak
and wabbling. In the last jround
Camera weakens badly and Baer
jvith a hard right floors Camera and
the referee claiming Camera unable
to go on gives Baer a technical
knockout.■ _
30 Pet. Of RFC
Loans Is Repaid
Congress Is Told
Washington—Thirty per cent,
of loans made by the Reconstruct
ion Finance Corporation had been
repaid on March 31, the corpora
tion reported to Congress.
During tha' period of its exis
tence, up to March 1, it loaned
$3,953,8 7,747 and a total of $1,
291,75 3,903 had been repaid.
The corporation’s surplus and
reserve, as of December 31. 1933,
was shown to be $39,202,163.
Banks and similar financial institu
tions have repaid more than half
of the amount borrowed, it was
shown. During the corporation’s
existence banks repaid more than
$875‘,000,000. Outstanding loass
to banks exceed $657,000,000.
An investment of $593,047,728
in the nation’s banks was shown
in the report. This includes pur
chase of preferred stock loans on
preferred stock and purchase of
capital notes and debentures
The politicians will soon be ask
ing us to rally to thij( defense of the
old flag, and save the country from
ruin, tanch.also they will remark
that to accomplish these noble' ends,
we must all come across with a
campaign contribution.
The city folks are urged to go
back to the soil, and they often
have to when it becomes necessary
to crawl under the automobile.
J. H. Knox
Is Elected As
School Head
J. H. Knox, since 1928 the prin
cipal of the Boyden high school here
was elected by unanimous vote as
superintendent of the Salisbury
schools for the coming year
He succeeds Chaster C. Ha
worth, whi came here in 1932 from
Burlington wh^re he had beeh head
of the schools in that city since
1918.
The announcement from the
school board, of which Stahief Linn
is chairman, did not give any rea
son for the retirement of Mr. Ha
worth, but in a statement Mr, Ha
jvorth attributed "defeat for re
election to the fact that I did not
'shrink from my duty to the) people
if Salisbury in the matter of secur
ing monies due the city,” and also
intimates that the defeat of the re
cent proposed special school tax of
10 cents on the $100 valuation had
much to do with the situation
Back in former times, one of the
most complimentary things a wom
an could say about her husband,
was that he was a "good provider,”
but a man has to be a good spender
and also a good provider to please
a lot of them now.
The meh never wept for their
sins, which is one reason why it is
wt'll not to leave much money ly
ing around until you get acquaint
ed with them.
A. 0. ROYALS IS
INJURED HERE
A. O. Royals, about JO years oj
agd, whose home is in Thomasville
was struck at the intersection oi
Innes and Lee street last night ai
8:40 p. m. by a Ford coupe driver
by J. B. Barringe^ of the Rowar
Mills section.
According to those who wit
nessed the accident Royals was
crossing Lee street going frorr
east to w*$st. .When he reached th<
middle of the street he hesitated
slightly and more or less backed
into the car driven by young Bar
linger, which was turning into Lee
, from Innes Street.
A report from the Rowan Gen
: eral hospital indicated that Royals
had suffered a head injury in the
accident. When he was brought
to the hospital he was too restless
to have an X-ray picture taken of
his head and the extent of his in
juries are not known. He was still
unconscious several haurs after the
aaccident.
Barringer was placed undef: $500
accidest.
GOOD
MORNING
INCLUDING THE CHILLUN
At a revival meeting convert!
were coming forward by the dozen
A negro came striding down thf
aisle and dropped to his knees. H<
was barefooted and two enormous
feet stuck up behind him.
In a moment the revivalist
started up the aisle, kneeling here
and there beside the converts. The
nearsighted old man peered earn
estly at the negro, patted him on
the shoulder and murmured:
'Bless you, brother.” Then kneel
ing behind him and putting a hand
on each heel, he said. "And bless
these two dear little boys.”
BACK TO SLAVEI
"I want a man to do odd jobs
about the house run errands, one
who ijever answers back, and is
always ready to do my bidding,”
explained a lady to an applicant for
a post in the household.
"You’re looking fop a husband,
ma’am, not a servant!” said the
seeker for work.
NONE OF YOUR BUSINESS
A beautiful, big blonde wa'ked
up to the wicket in the bank and
plunked down thirty-two dollar
gold pieces.
"Naughty, naughty,” said the
teller. "You’ve been hoarding.”
"Listen, big boy,” snapped the
lady, "it’s none of your business
how I earned this money, all you’ve
got to do is deposit it!”
GOING DOWN!
St. Peter—"You say you didn’t
have your family any insurance or
other income at your death?”
New Arrival—"No, St. Peter; I
didn’t think.”
St. Peter—"Elevator No. 2,
please.”
New Arrival—"Now soon does
it go up?”
St. Peter—"It doesn’t go up.”
REASON FOR WATERED MILK
Young Housewife: "The milk
you have been serving me lately
seems to be unusually watery.”
Milkman: "Yes, I was just go
ing to tell you about it. You see.
the cows got into the salt bin last
week an’ it makes ’em awful
thirsty.”
BOUND TO RISE
"Oh. John, the baby has swal
lowed the yeast.”
"Umph, you were always pre
dctn|g he was bound to rise.”
CURED HIM
He was talking with great vigor
against corporal punishment for
boys, which he declared never •aid
any good.
"Take my own case he exclaim
ed. “I was never canned but once
in my life, and that was for speak
ing the truth.”
"Well,” retorted somebody in the
audience, "it cured you.”
NO STRAINING
Big Hen (boastfully). "I get 30
cents a dozen for my eggs. How
much do you get for yours?”
Small Hen: "I get 21 cents a
dozen.”
Big Hen (scornfully): "Why
don’t you lay big eggs and get 30
cents a dozen, too?”
Small Hen. "Huh! I should exert
myself for a nickel ”
STRANGE BUT TRUE
"My son,” said the bank official,
"on this, the threshold of your life,
I want to impress upon you the
fact that honesty is the best policy.”
"Yes father, I understand.” ans
wered the dutiful'son.
"But,” proceeded the gray-haired
financier, "I also want you to
study up on. the law. It will as
tonish you to find out how many
strange things you can do In a busi
ness way and still be honest.”
Loans Refinance
Farmers’ Debts
In Rowan County
•Approximately 90 Per Cent of This
Amount Has Been Used To
Refinance Debts
LOANS COVER YEAR PERIOD
Interest Is Scaled Ddavn As Pay
ments Are Mfide On Principal.
A total of $443,800 of Federal
land bank and Land Bank Com
missioner’s farm mortgage loans
was made in Rowan County,
North Carolina from June 1,
1933, to May 1, 1934, according
to the Farm Credit Administration.
Of this total, farmers in Rowan
County used approximately $402,
100, or 90.2 per cent to refinance”
their indebtedness. By refinanc
ing, farmers obtained new mort
gage loans which they used to re
pay their old debts. They gener
ally reduced their annual interest
charges in doing so. In a num
ber of cases, scale-downs of indebt
edness occured in connection with
the ndw loans. These and other
advantages benefited farmers pri
marily. Secondarily. creditors
benefited from the receipt of cash
or bonds in exchange for obliga
tions they held.
v-ro inQ loan money usea oy
'farmers in Rowan County for re
financing their debts, about $227,
300, it was estimated, repaid their
debts to banks; $12,900, their
debts to insurance companies; $9,
|400, their taxes; $900, their debts
jto merchants; $151,600, their
debts to “others”, or creditors not
'separately classified, including pri
vate mortgage lenders, mortgage
loan companies, retired farmers
and many others to whom farm
ers were in debt.
A total of about $43,700 of
loans in the county was used for
purposes other than the refinanc
ing of borrowers’ debts. Of this
sum, $29,000 was used for the
purchase of land and equipment,
thd construction or improvement
of buildings, and for general agri
cultural uses, including the pro
vision of capital, while $14,700,
the balance, was used for the pur
chase of stock in national farm
loan associations, for loan fbes,
btc.
Throughout the United States
approximately $675,000,000 of
land bank and Commissioner’s loans.
were made from June 1. 1933, to
May 1. 1934. Most of these loans
were made to refinance debts re
sulting from the long period of
low farm income.
Generally farmers pay consider
ably less interest each year on the
new than the old loans. Land
bank loans made) through national
farm associations carry an interest
rate of 5 par cent, but there is a
reduction to 4^4 per cent until
Continued on page eight
Low Rate For
State’s Bonds
New York—The state of North
Carolina sold an issue of $12,230,
000 serial bonds to a banking
group headed by the First National
Bank of New York at a cost basis
of 3.7629 per cent, lowest in the
tate’s history.
A long list of New York banks
and two southern institutions—
he Wachovia Bank 84 Trust com
pany, Winston-Saldm, and Ameri
can Trust company of Charlotte,
participated^ in the syndicate.
The bonds are dated July 1.
1934, and one) block due 1936 to
1947, and another due 1942 to
1947. They were issued by the
state for the purpose of retiring
a like amount of general fund
notes.