Newspapers / The Journal-Patriot (North Wilkesboro, … / April 4, 1935, edition 1 / Page 9
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Washington, April 2.—Thir- weeks of lawmaking have tpassedr strangely enough, with out much mention of taxes. To day the treasury reported it had lived within its income for the first month in two years and Chairman Robert L. Doughton of the House ways and means committee joyfully intimated no increase in taxes will be neces- The treasury report which caused rejoicing in an adminis tration al-eady planning for next year’s election campaign re- veaied the following; That after using red ink for 24 successive months in record ing the net result of the month’s operations, on March 31 a vint age bottle of blue-black was opened in honor of a net gain of $50,224,226 after all bills were paid. Income was $600,743,090 and operating costs of the gov ernment was $550,523,333. That the government still showed a deficit for the fiscal year to date—$2,199,693,970— but that it was smaller than the deficit for the first eight months last year—$2.,542.299.695. That despite the March sur plus tlie treasury continued bor rowing and pushed the public debt ii p to $2S,S17,') 4S.098. more than two and oue-lialf bil lion abovp last year. That income taxes were much higher than last year. Doughton found these figures -very encouraging. "In March," ho said, "we took in nearly 40 per rent more than our income ta.x in March, 1934. "This is good news. In fact, it is ihe best news we have liad from a revenue standpoint for a WATERTOWN ... Omar A. Hine (above), celebrates his 96th birthday this month and, on AprU 11, the 75th Masonic Anniversary. He is the. dean of New York State Master Masons and still works a regnlai 8 hour day in- bnsinesa. WILBAR ROUTE NEWS Sunday school was organized at Oak Drove Sunday, March 24. Mrs. J. M. Parsons was appoint ed superintendent. Mr. and Mrs. C. L. Yates vis ited Mr. and Mrs. J. R. Owers Sunda>. Mrs. Meedie Griffin had the misfortune of breaking her an kle last Thursday. Miss Cavil Owens. Comilla Parsons, Mr. Bian .Miller, Paul and Silas Owens visited Laura Sun- I’arsons and .Arvil Coffey, day afternoon. Mr. and Mrs. Robert Teague liave moved hack to their home near Purlear. Mr. and .Mrs. .1. A. Faw visited in the home of .Mr. J. R. Owens, ■ Sunday. | White Oak singing choir went; to Harmony to the singing con vention Sunday. March 31. Mrs. Belva Beshears and chil dren, Callie Mae and Minnie Ray, visited Mrs. Nora Hodge Sunday. number of years. In my opinion it shows increased employment j and increased business profits.’’ ! Columbia, S. C. — Effective April 1. new loans made by the Federal Land Bank of Colum bia will bear 4 1-2 per cent in terest where made through na tional farm loan associations and 5 per cent where made directly by the bank, Julian H. Scar borough, president of the bank and general agent of the Farm Credit Administration of Colum bia, announced today. These are the lowest rates at which Federal land bank loans have ever been made, Mr. Scar borough said. For about two years, he said, the bank has i)een making loans through na tional farm loan associations at 5 r-er cent with a tempor.iry re duction to 4 1-2 per cent until July 12, 1938, as provided by the Emergency Farm Mortgage Act of 1933. .4ftcr July 12, 1938, he said, these loans will bear in terest at the rate of 5 per cent while the 4 1-2 per cent rate on new loans will l)e effective for the entire period of the loans, which will be made on an amor tization basis ranging from 20 to 30 odd years, as in the past. The interest rate reduction on new Federal land bank loans will not affect the 5 per cent in- tere.st rate on land hank com missioner loans which are made on either first or second mort gage security in amounts up to 75 per cent of the appraised normal value of the farm prop erty. •Mr. Scarborough said that the lower rate on new loans is in ac cord with the policy of the Farm Credit Administration to pass on to the farmer-borrowers of the cooperative Federal Land Banks any saving which can be effect ed. The new land bank loans, he said, will be made for long per iods of years repayable in an- ATLANTA . . . Miss Patricia Collins (above), lias been appointed special attorney in the anti-trust division of the Department cf Jus tice by Attorney General Cummihga SOIL EROSION STUDIED BY STATE DELEGATION Washington, April 1.—At the instance of Representative Um- stead. Representative Doughton called a meeting today of the North Carolina delegation to con sider soil erosion matters. Un der the works-relief bill, when and if that badly battered mea sure is enacted into law, about $36,000,000 will be earmarked for soil erosion, floor control, forestry and kindred projects. Members of the house say that the people of the state are mani festing a steadily increasing in terest in soil erosion and flood control work, and their hope is that the state will have ready for consideration at the proper time a program containing meri torious projects which will re ceive federal sanction, and that such work will be Inaugurated in different parts of the state on a much larger scale than hereto fore undertaken. nual or semi-annual installments and in all other respects except the Interest rate will he identi cal with previous hank loans. Under the terms of a plan just announced by State Superinten dent Clyde Erwin, the high schools in this county will have the opportunity this spring to earn a supply of valuable gov ernmental materials prepared by the Institutee of Government and accumulate funds for their libraries at the same time. The result may be that Nortn Carolina schools soon will be teaching government in action instead of the conventional gov ernment in books. For the In stitute o f Government staff works on the theory that about 75 per cent of governmental knowledge is to be found in the heads of the officials and the methods and practices of their offices, and not in the books. Educators everywhere will watch the experiment with wide interest, "We have the oppor tunity to lead the State and na tion in a program of govern mental instruction and prepar ation for citizenship,’’ was the view expressed by Superinten dent Erwin in announcing the plan to the principals and recom mending its adoption in the high schools of the State. The work of the Institute had previously attracted wide atten tion and acclaim both at home and abroad. "The Institute of Government, as conceived and established in North Carolina,” said President Roosevelt, "has and will render line service to the State and Nation. It is my hope that other states will rec ognize North Carolina’s leader- I ship and that states having no I comparable agency will accept I and follow its lead.’’ j I’.y way of explanation, the In- 1 stitute is comprised of some 28 organizations of public officials and around 25 citizens’ groups. The o«K«hitttioB W -unique in that it marks the first time that offloials have comp-together with leading cltlcens in a‘ joint effort to make comparative studies of their government, with a view to effecting improvements and eco nomies. The enterprise is non-partisan and non-profit in nature. A siaff of six trained men is employed, and offices are maintained in Raleigh and Chapel Hill. The Institute’s projects in clude, in addition to the school materials, the preparation of guide books for officials, legis lative bulletins, and study and discussion programs; the con duct of demonstration otOMI’ and schools of officials and publication of the monthly azine, "Popular Governmen£’'„:k^f; *J*'.*'^4t* Elderly Pair,* DespondWt And III, End llieir livM i Seattle, April 1.—Bullets end ed today the lives of an elder ly couple who, worried by Ill ness, police said, decided they had "reached the end of the road.’’ They were Willard M. Perkins, 70, former cashier of the exclusive University club at Chicago and his 65-year-old wife, Julia. No one heard the fatal shots. [! J It 3 '3 Sui^ wAeAc ifOit .ImA \l^v. . 'The choice of 5ucce55pul garden ers and farmers for fifty years. ITrITE for • Froo cop of Wood"! Catalog offaringr^ New Varietie*, Old Favo ^ Planting Table, ete. T. Wr? Wood & Son, RkbmoSd, £R£'J WHERE TO BUY NORTH WILKESBORO, N. C. Cash Fertilizer & Seed Store S. V. Tomlinson R, M. Brame & Sons I- H. McNeill & Sons WILKESBORO, N. C. J. M. Gaither & Sons C. E. Lenderman E. & S. Store .Morrison’s Hardware H. H. Warren C. L. Comer TRAPHILL, N. C. . UNION GROVE, N. C. This Is Bedroom Week At. Rhodes-Day Furniture Co, An oppoitunity to make the bedroom a room of beauty as well as comfort. One of the largest selections of Bedroom Suites we have ever had on our floors have been reduced especially for this event this week .. and in the group will be found several sample suites just received from the manufacturers . . . Four-posters as well as panel suites ... in wal nut, mahogany and maple . . . four and five pieces, and all going at low prices that will not be in effect after this week. We will be pleased to show you. One 4-Piece Suite OneS-Piece Suite One 4-Piece Suite One 4-Piece Suite poster bed, chest, vanity and bench, in walnut, an outstand ing value for this ^23 50 (Only two in stock to go at this special low price.) mahogany, consisting of panel bed, large, roomy chest, vanity, bench and nite stand, all dust- proof drawers with center guide. A special for Bed- AA room Week ^>OD.UU Oriental walnut, consisting of bed, chest, vanity and bench; large and massive, one of the latest type of sample suites. Special for Bed- eCT room Week ^0# .DU American walnut, consisting of bed, chest of drawers, vanity and bench; beautiful overlay. One of the greatest values in the store for Bed- tfCO CA room Week vD«.DU 1 Modernistic Suite in Tu-tone Walnut A beautiful $59.50 consisting of bed, chest, vanitj’ and bench. A beautiful suite . , . and a great value for Bedroom Week One Beautiful 4*-Piece Maple Suite consisting of bed, chest, vanity and bench. This is a suite ,$62.50 you’ll want to see in your bedroom. Special for Bedroom W-eek^ One Reproduction Suite in Butt Walnut consisting of bed, chest, vanity and bench. Original price $77.50 $95.00. Priced for this week only 1 Mahi^any Suite, Colonial Design originally sold for $87.00. Consists of bed, $57.50 chest, vanity and bench. Bedroom Week price (Only one to go at this greatly reduced price) The above suites are only a few of the many Bedroom Suite values we now have in stock. It will pay you to visit our store before you buy a suite for your home. With only a small down payment and the balance on weekly or monthly terms, you may own any suite we have in the store. Rhodes-Day Furniture
The Journal-Patriot (North Wilkesboro, N.C.)
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April 4, 1935, edition 1
9
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