Newspapers / Carolina Watchman (Salisbury, N.C.) / Nov. 29, 1935, edition 1 / Page 2
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Carolina Watchman Published Every Friday Morning By The Carolina Watchman Pub. Go. SALISBURY, NORTH CAROLINA E. W- G. Huffman_President SUBSCRIPTION RATES: Payable In Advance One Year_$1.00 6 Months.- . J 0 — — j Entered as second-class mail matter at the postoffice at Sal isbury, N. C., under the act of March 3, 1879. The influence of weekly news papers on public opinion exceeds that of all other publications in the country.—Arthur Brisbane. POPULATION DATA (1930 Census) Salisbury _16,951 Spencer -3,128 E. Spencer-2,098 China Grove_1,258 Landis -1,388 Rockwell- 696 Granite Quarry_ 507 Cleveland- 435 Faith" - 431 Gold Hill _ 156 (Population Rowan Co. 56,665) FRIDAY, NOVEMBER 29, 1935 "BOOM” DAYS ARE HERE AGAIN The biggest "boom” in the stock market since the collapse of 1929 is now under way. Those who make a study of economic causes say that at the bottom of this boom lie the same elements that started the big rise in stock prices in 1927. Those are inflated bank credits, and the influx of European gold seeking investment. Now, as in 1927, America ap ^ pears to the rest of the world as BjMthe safest place to invest money ^^B with a chance of making a profit. Kg^h American capital is getting over timidity, and coming out from ■rSrgB hiding. Business is on the upswing, |^Hand confidence in the future is BBF stronger. The result is more buy ers for stocks in sound enterprises, and higher prices for securities. This boom, like all its predeces sors, will collapse some day. No body can guess when that will be. In the meantime, "Wall Street spe culators are making money. r*- UNEMPLOYMENT INSURANCE The unemploymont compensa tion provisions of the Federal So cial Security Act will begin to take effect in a few weeks. Beginning Jan. 1, 1936, every employer of nr nmr(> tv»ren'n<! miist nav a Federal tax of 1 percent of his - payroll for next year, 2 percent in 1937 and 3 percent thereafter. The proceeds of these taxes are to be used to pay workers when unem ployment insurance is left to the states, which are expected to set up their own systems. Employers who pay unemployment taxes to their state governments can get credit at Washington, in paying their Federal unemployment taxes, for 90 percent of such payments. \ Only eight states and the Dis ' trict of Columbia have set up "job insurance” systems thus far. The states are Alabama, California, Massachusetts,' New Hampshire, New York, Utah, Washington and Wisconsin. Unemployment benefits —1 |at least from the Federal fund—are not to begin until 193 8. Then persons thrown out of work from no fault of their own will be able to collect half-pay, or thereabouts, for a period of thirteen to twenty weeks, varying from state to state. A maximum of $15 a week for unemployment compensation is provided in most of the states so far; Utah has an $18 maximum. And in all of them, the compensa tion will not begin until the bene ficiary has been out of work for a period which ranges from three to six weeks. This unemployment insurance will, beyond doubt, become a per manent and general system as soon as the rest of the state-legislatures can get around to enacting laws of the same general nature. It does not apply to farm labor, domestic workers, men employed on ships, employees of charitable or non profit enterprises, nor those who work for national or state govern ments or their political subdivi sions. In the nature of things, we may expect a demand to arise for the inclusion of all of those classes of workers. TODAY AND TOMORROW —BY— Frank Parker Stock-bridge LAMPS .... kerosene A kerossene lamp—or, as the Englsh call it, a "paraffin” lamp —exploded in the servants’ quar ters of St. Jame’s Palace in Lon don, where the Prince of Wales lives, the other day, and set fire to the building. I have heard of nothing recently which so aptly il lustrates how long it takes to bring new inventions and conveniences into general use. When one of the British royal palaces still relies on oil lamps, it is not surprising that we still have millions of homes in America that have not been wired for electricity. I have been trying to remember when I first lived in a house with electric lights, I was 3 5 years old, and had lived in several good-sized cities; before I had electricity in my own home. It will be a long time yet before elctric lights are uni versal. * * * WINDMILLS . . . nature’s power The oldest and almost the last of the picturesque Dutch wind mills on Cape Cod is going to be moved to H»nry Ford’s museum at Dearborn. Mr. Ford has assembled there the largest collection of Am erican antiques in the world, for the purpose of showing the stu dents in his trade school—and others—how things used to be made and done. The windmill is perhaps the most primitive of all man’s efforts to harness the forces of nature, and was efficient enough when nobody was in a hurry to get things done. The Pilgrims of Plymouth brought the Dutch windmill idea with them from Holland, where they had "1 A. Trom*c AtviKa rl/in rr 1M the "Mayflower” for America. I can remember as a boy "Down East” going with my father with a load of corn to be ground into meal in one of those old windmills. Now they are merely ornaments— and back in Holland, where they have been used for centuries to pump the water out from behind ^he dikes, they are being replaced by the more modern and efficient Disel engines. * * * 7NSURANCE ... old age Everybody' who reads this, if he or she works for salary or wages in any business or industry except farming, will have to begin pretty soon to pay Uncle Sam something out of the pay envelope every pay day. I’ve just been studying the Social Security Act, passed last Summer. Beginning Jan. 1, 1937, it sets the Federal Government up as the big gest Life Insurance company in the world. Every worker—40 or 50 million of us—will be taxed on our incomes to pay the premiums on death benefits and old age annuities after we’re 65. Every employer will have to pay the same tax' on what he pays us, and besides that, a tax on his payroll for the Unem ployment Conmpensation Fund. I can’t quarrel much with the idea compulsory saving for old age, which is what this all amounts to, but I’m wondering how well this fund will be managed by the poli tical appointees who will run it, ncially when it gets up to fifty billion dollars or so. * * * UNEMPLOYMENT . . . facts The greatest advantage of the new Unemployment Compensation law, in the Social Security Act, is that it will effectively separate the sheep from the goats. It will pro vide compensation when "laid off” for workers who have really been on payrolls, and leave only the chronic loafers to "relief.” , Nobody knows, nobody ever has known, how many genuine cases there are now or have been at any time of men and women willing and able to work, but unemployed through no fault of their own. The number, I believe, is much smaller than most of the so-called statistics would indicate. Before the Social Security Act has been in effect very long, well have some actual facts before us when we talk about unemployment. * * * FINGERPRINTS ... on file One of the provisions of the So cial Security Act seems to point to the fingerprinting of every worker. Everyone who pays the Old Agee Tax, or for whom it is paid, has got to have not only proof that it has been paid, but that he is the individual entitled to its benefits, when the time comes to collect. The Act contemplates a system of books, stamps and coupons, and "any helpful means of identifica tion.” I forsee a new social system in America, like that of European countries, where everybody—at least all of us who work for wages —will have to carry his complete dossier, a record of where he was born, where he has worked, how much he has earned and proof that his Old Age tax has been paid. And all of those individual rec ords, some 40 or 50 million of them, with fingerprints, will have to be on file in Washington. —READ THE WATCHMAN —---—-- ! Nervous, Weak Woman Soon All Right “I had regular shaking spells from nervousness,” writes Mrs. Gora San ders, of Paragould, Ark. “I was all run-down and cramped at my b™ until I would have to go to-bed. After my first bottle of Cardui, I was bet- | ter. I kept taking Cardui and soon I was all right. The shaking quit and I did not cramp. I felt worlds hotter. I gave Cardui to my daugh ter who was In about the same con dition and she was soon all right." -i Thousands of women testify Cardui bene fited the** If It does not benefit YOU, consult a ohyslclan. WE JUST heard about this a few * * * DAYS AGO, but it happened to , * * * A CERTAIN well-known business * * * t MAN A good many years ago. * * * PERHAPS YOU. already know his * * * NAME. HE was taking his girl i * * * FOR A ride in a buggy when the * * * HORSE BALKED. Nothing could * * * BUDGE HIM, and while he worked * * * WITH THE horse, the girl nearly * * * FELL ASLEEP. Finally he turned » * * TO HER. "Suppose I give you a * * * NICE, SWEET kiss. That will * * * , WAKE YOU up.” She looked at * * * HIM. "ARE you sure that a kiss * * * WILL WAKE me up?” she asked. * *• * "POSITIVE, DARLING,” he re *• >!■ «• PLIED. "WELL,” she said with * * * A SIGH as she closed her eyes. * * ♦ "SUPPOSE YOU kiss the horse.” * * * I THANK YOU. I -She Will Thrill” if you telephone her "Meet Me at BLACKWEL© ER'S FOR LUNCH today.” BARBECUE, all kind short or ders. Leading brands of beer. Tables for ladies. Conte here for i THE BEST ALWAYS 1 BLACKWELDER’S ! 20S S. Maia St.—304 N. Depot 1 »_ • 0 THIS WEEK IN WASHINGTON (Continued from page 1) ■enomination. The American Bankers Associa :ion broke the "truce” between the panks and the Administration vfiich was reached last year/ and :ame out in open opposition to the Government’s fiscal policies. Ru mor has it that Senator Carter Glass is lining up strong support n the Senate to prevent the con firmation of Chairman Eccles of fie Federal Reserve Board. To Co-operate With Railways (Continued from page 1) participating bodies.” The "participating bodies,” ac cording to the terms of the reso lution, would be the national trucking organization, the Associa tion of American Railroads, and the National Industrial Traffic league. The resolution noted, "The pres ent condition intransportation is due to a large extent to the ab sence of complete co-operation be tween the shipping public, rail transportation, and the trucking mdustry,” and that "it appears to be entirely in the public interest and in the best interest of -the transportation industry as a whole to bring better. order out of the present condition at the earliest possible date.” Carrying out the mandate of the directors as laid down at Chicago in the form of other resolutions, the executive committee authorized several other important steps. Among other things, the com mittee: (1) Directed ATA officials to confer with Federal Co-ordinator of Transportation Joseph B. East man and ICC officials to seek can cellation of the thousands of truck competitive rates filed by the rail roads. (2) Considered enlargement of the ATA uniformity and reciproc ity committee ,and also the ap pointment of an advisory commi tee, composed of members of Me Society of Automotive EngintJfc and other appropriate organizations to help in solving this problem. This question will be submitted to operators in the field for their reactions before definite action is taken. (3) Set up rules and regulations to govern the operation of groups of operators within ATA. (4- Passed a motion urging truck operators to discourage the practice of hitch-hiking as a means of pro moting safety on the highways. Robert A. Anderson of St. Louis, Mo., a member of the na tional rates and tariffs committee, appeared before the executive com mittee to urge that steps be taken to wipe out the truck competitive rail tariffs. It was "pointed out that about 100,000 have been filed in the past few years, and that many were uneconomic in that they failed to cover the cost of the service offered. If they were allowed to stand, Mr. Anderson pointed- out, stabili zation of trucking rates would be next to impossible. |deaths| M. A. J. BOST M. A. J. Bost, 82, retired farmer, died Monday evening at his home near Organ Lutheran church.. The funeral was held Wednesday morn ing at 11 o’clock at the church. A brother, M. J. Bost of the county survives. J. P. SHIPLEY J. P. Shipley, former resident of this city, who died in Akron, Ohio, | a few days ago where he had lived for the last four years with his daughter, Mrs. E. C. Bacon, was buried here Monday. Funeral ser vices were held at the home of mother daughter, Mrs. F. H. Mc 2HARLES T. LUDWICK Funeral services were held here Monday afternoon for Charles T. Ltidwick, 26, native of Salisbury ivho had been working in High ?oint for some time and who was tilled in High Point early Sunday norning when an automobile in vhich he was ridng was hit by a :rain at the Main street crossing, de is survived by his widow and >ne son; Bobby; his parents, Mr. nd Mrs. T. A. Ludwick, Salisbury; hree brothers, John of Charlotte, ded of the U. S. Navy, and Clif | Flying This Way "j BRAZIL, S. A. . . . Miss Jean Batten (above), New Zealand flier, despite her mishap over Brazil after being the first woman to fly solo across the South Atlantic, Africa to South America, will soon turn North forf a flight to North American > countries. __ :ord of Spencer; four sisters, Mrs. Mary Weber, Salisbury; Mrs. Louise Brown, Charlotte; Josephine Lud vick, Henderson; Cornelia Lud wick, Spencer. J. F. Vickers of Thomasville, iriver of the car, and Carl Hoop :r of High Point, another occup mt, received slight injuries. MRS. L. B. EVERHARDT ^ Mrs. L. B. Everhardt, 42, of 530 East Henderson street died Tuesday! afternoon. The funeral was held rhursday afternoon at 3 o’clock at the home. She is survived by her ausband and three children: Banks, Jr., Henry Elizabeth and Mrs. Minnie Coley Thorton, all of Sal isbury. Two sisters and a brother also survive: Mrs. J. J. Beal, Mrs. J. S. Wallace and J. Ef Phillips-of Greensboro. M. LUTHER MILLER Rae, of near this city, and burial was in the Chestnut Hill cemetery. Funeral services were held Wed nesday at 11 a. m. at the Piney Woods Lutheran church, in Mor gan township, for M. Luther Mil ler, 26, who died at his home in China Grove Monday night from pneumonia. His parents, Mr. and Mrs. W. Love Miller of Morgan township; one brother, M. N. Mil ler, of Salisbury, and a sister, Mrs. Willie Doby of China Grove, are the immediate survivors. Route One Items Mrs. J. R. Gentle of Salisbury, who has been spending some time with Mrs. Harvey Lowder has re turned home. Mr. and Mrs. J. H. Myers, also Miss Helen, and Margaret Bost of Salisbury spent the 24th with Mr. and Mrs. M. L. Bost. Several nice hogs have been killed in this locality. Powlas and Kluttz motored to Landis the 26th. Mrs. J. A. Powlas visited Mrs. T. R. Powlas, also Mrs. A. L. Monroe of Salisbury the 27th. Those shucking corn at the home of M. L. Bost on the 26th were:' Messrs. Freeman, Deal, Myers, Wood, Morgan, Barber, Powlas, G. F. Powlas, M. B. Fink, M. L. Bost, J. A. Fink, J. P. Bost, and J. A. Bost. Mr. and Mrs. W. B. Myers and children are spending Wednesday in Concord with Mr. and Mrs. Alec Eury and children. CHATTEL MORTGAGE BLANKS—For sale at The Watchman office, 119 East Fisher Street. a YOU ARE INVITED To let us repair your shoes the next time. We offer you courte ous service. Work guaranteed. CA_ ___ J . We half sole shoes for_*&UC d.H€l O^C E*La._25c and 35c HeeiT_ __20c and 25c It’s your business we want, and appreciate. Give us a trial. GLOVER SHOE SHOP 109 E. Council St. Salisbury, N. C. A1 Parker, Shoemaker Herman G. Heilig, Prop. 2 FOR 1 OFFER 2 ROYAL T W • COMPLETE ElectricVacuum Cleaners I llbra« Both $9Cfc£*f| ■tout "ROYAL* With ^ nwttr drtvw rtwlv- _ A B A V ' " In* bruih u »dver- Enf W_W WJT tlMd I* Owd Htuu- 1 w .mmuaiiii SFUTSTSi ACTUAL *51.50 VALUE •^MbYAL^u^: WHEKLY e^jpwsc payment? Mlfefa. MtttTMM* tad fgnltar*. Kiln iMtt* l3w *MMtlty IhlM ft I •tt5r* in nU T. M. CASEY 320 N. Main St. Phone 204 i, THRIFT THRIFT THRIFT THRIFT THRIFT THRIFT Ml-;-3 2 Statement November 1, 1935 H ASSETS LIABILITIES 3 North Carolina Bonds- 5,000.00 Instalment Stock_$196,002.53 Stock in Federal Home Paid-up Stock_ 257,700.00 t-> Loan Bank- 2,700.00 Surplus and Undivided p-J & Cash in Bank Checking Profits _ 51,859.66 S Account- 8,473.65 Indebtedness_ NQNE « First Mortgages on Real p-j Estate _ 463,389.90 Loans on Pass Book Stock_ 10,304.00 Real Estate_._ 15,<$4.64 fc d 2 ' $505,562.19 $505,562.19 £j S We are prepared to make IMMEDIATE LOANS for 3 BUILDING, REMODELING or FINANCE HOMES, £ on long terms at 6% interest. No loan fees are charged. 3 § Our Series No. 67 is open and we urge you to start j*j h systematic saving in it. , Home Building & Loan Association h E* H 2 MEMBER FEDERAL HOME LOAN BANK 2 g A. W. HARRY, Pres. "At the Square" E. H. HARRISON, Sec.-Treas. H Office: First Floor Pilot Building Phone 116 THRIFT THRIFT THRIFT THRIFT THRIFT THRIFT jacffilSri§§r38?=j MODEL A-53 ... A table Model that provides excellent reception of stand ard, police and short-wave transmis sions at an unusually low cost. Now metal tubes. Its walnut-finish cabinet possesses a distinctive charm that has met with widespread approval. $34.50 A SMALL DOWN PAYMENT $1.50 Per Week Yes, Europe is at your finger tips. The world is at your command with the new General Electric Radio Sets. MANY MODELS TO CHOOSE FROM ■ T. M. CASEY American Standard Broadcasts and For- oon M iv/f „ • c. ni. _ nnd eifn Shert-Wave • 5 All Metal Tubes. 320 IN. Main bt. Phone 204 «
Carolina Watchman (Salisbury, N.C.)
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