Banks Ordered
To Set Aside
More Reserves
WASHINGTON. — The Federal
Reserve board this week ordered
banks to set aside a large propor
tion of deposits in reserve ac
counts as a step to prevent cre
dit inflation.
The increase amounted to about
one-seventh and took about $1,
200,000,000 or idle bank cash out
of accounts where it could be
loaned or invested.
The boaTd took the action after
consulting the Treasury. The two
agencies issued a statement say
ing it was part of the general
anti-inflation program of the ad
ministration which includes a
price control bill not pending in
Congress.
Technically this new action
meant that in New York, for in
38-PAGE BOOK FRSCf
cats in automobile produc
tion mean that your car will have to
last longer than you’d planned. So
keep it in good running condition.
Get free book from your Esso
Dealer. And take advantage of the
drover service he’s offering.
Id to the life of your car...
get more miles from every gallon of
Kasoline. See your Esso Dealer today!
saves wear
€OPR. 1W1. ESSO INC.
SPARTA
SPECTACLES
By RAY LOWERY
If you aren’t in town this week
end, you had better have some
pretty plausible excuses to back
you up. For this is fair week, and
elaborate preparations have been
made for your entertainment. R.
E. Black, Harold Higgins, L. K.
Boyers, Amos Wagoner—in fact
all those who are in any way con
nected with the fair—have been
putting forth every effort to make
this year’s fair one of the best in
northwestern North Carolina. On
ly one more thing is needed to
make the fair a grand success,
and that is your full cooperation
with the authorities in charge.
Any exhibit, regardless of how
small, serves to help make the
fair something of which you can
be proud. Attend the fair this
week-end. and bring the whole
family with you.
* * •
Undoubtedly the biggest fish
caught in Alleghany county in
many a season—that’s what they
saying about the big bass hook
ed by Amos Wagoner, Sr. last
Thursday. It weighed seven and
one-half pounds, measured 25
inches in length and 16 and %” in
circumference. Mr. Wagoner
caught the “whopper” in the lake
at Roaring Gap. He is having the
head mounted.
Game Warden Dick Gentry still
contends there are at least 3,000
foxes in Alleghany county. Not
many people believe there are
that many—anything like that
many—but Amos Wagoner, Jr. is
probably convinced. At any rate,
he ran over one last Saturday
night between Sparta and the V-C
Inn, and killed it. Stopping his
car, he picked up the lifeless form
and threw it in the rear compart
ment. Monday he sold its head to
Register of Deeds Ernest Edwards
for $2. Mr. Edwards is still paying
bounties on gray foxes, and has
houffht 40 to date.
* * *
About a year ago the following
question was asked in this col
umn: “Was Whitehead named for
an old man with white hair?”
Well, it has taken us some time
to find out for sure, but we are
now happy to report that it was.
The gentleman for whom it was
named is D. C. Whitehead, and
his hair is a snowy white.
Mr. Whitehead is now a re
sident of Marion, Ohio, but until
two years ago he was a citizen of
the community which bears his
name. Here last week-end for a
visit with old friends, after hav
ing already spent a couple of
weeks with relatives in Virginia,
Mr. Whitehead returned to his
home Monday. He lives in Ohio
with a son, W. B. Whitehead,
stance, banks must keep 26 per
cent of their deposits in reserve
instead of 22 % per cent. The ac
tion, however, applied only to the
approxmiately 6,600 banks which
belong to the Federal Reserve
system.
The board said that these
banks had about $5,200,000,000 of
idle money which they could
lend out or invest. When today’s
order becomes effective, on Nov
ember 1, this amount will be cut
to about $4,000,000,000.
HEWS and FACTS of Statewide Interest
FROM MANTEO
TO MURPHY
North Carolina law enforcement officials, accepting
the help of the Brewers and North Carolina Beer
Distributors Committee, have established a note
worthy record of eliminating the scattered few beer
retailers who commit or permit law violations in
their places of business.
Encouraged by the recent endorsement of our work
i>y law enforcement officials and county authorities,
our Committee's program of industrial cooperation
proceeds without let-up. Your support is needed
in making and keeping North Carolina s legalized
beer industry free from objectionable elements.
"You can help by patronizing only those dealers who
■conduct their businesses in strict compliance with
the law.
BREWERS AND NORTH CAROLINA
BEER DISTRIBUTORS COMMITTEE
tdgw-H-Bsia. Side Kredor, Safe 813-817 Cowcfcwl Bldg fofeigh
Grave National Emergency
Will Require Much Sacrifice,
Congressman Doughton Says
Spoke at Young Democratic
Convention in Winston
Salem Last Sat.
Congressman R. L. Doughton
said Saturday night in Winston
Salem while attending the young
Democratic convention, that the
coming year will require un
precedented sacrifice on the part
of every citizen of the United
States to meet the darkest hour
in the history of the nation.
He said that every citizen
should use his influence, voice,
pocketbook and every other wav
necessary to help the United
States through this period.
“We have a whale of a job be
fore us and a whale of a country
to do it,” the congressmen as
serted. '
Upon being informed that con
gressional tax authorities said
yesterday additional revenue leg
islation was in prospect and fore
cast the present tax structure,
plus the next tax bill signed by
President Roosevelt Friday,
would raise only about half of
next year’s expenditures. Con
gressman Doughton said that the
prediction was as close as any hu
man forecast today.
“Business conditions will have
much to do with our tax collec
tions, better business means that
there will be no more excise col
lections. No one can foresee what
will actually be collected, by any
means. It all depends upon condi
tions between now and then,” he
said.
He pointed out that collections
last year were near $9,000,000,000
and that under the present tax
levies, with all conditions favor
able, the collections might reach
or even pass .the $16,000,000,000
revenue forecast made by Wash
ington authorities last Friday.
Congressman .Doughton further
informally asserted that under the
present expansion program for
national defense that “we can
never tell how much we must
need to spend.”
Next year’s expenditures will
run around $32,000,000,000 ac
cording to treasury summaries to
date. Congressman Doughton inti
mated that even this tax bill
might have to be increased to
meet needs which might face
the country during the coming
year.
He said that the ways and
means committee would soon hold
more studies and perhaps by new
legislation and the “stopping up
whose hair isn’t even gray.
* * *
One of the best tributes to the
country press that has come to
our attention is part of an address
delivered back in the spring of
1921 by Bristow Adams, professor
of journalism at Cornel univer
sity. who was principal speaker at
newspaper day at Kansas State
Agricultural college. In the two
decades since it was first pub
lished, the tribute has become a
“newspaper classic” under the
title of: “I Am the Country
Weekly.” It is appropriate that
this tribute be reprinted in con
nection with National Newspaper
week, which begins next week. It
follows:
■ * * * ..
I am the Country Weekly.
I am the friend of the family,
the bringer of tidings from other
friends; I speak to the home in
the evening' light of summer’s
vine-clad porch or the glow of
winter’s lamp.
I help to make this evening
hour; I record the great and the
small, the varied acts of the day
and weeks that go to make up
life.
I am for and of the home; I fol
low those who leave humble be
ginnings; whether they go to
greatness or to the gutter, I take
to them the thrill of old days,
with wholesome messages.
I speak the language of the
common man, my words are fit
ted to his understanding. My con
gregation is larger than that of
any church in my town; my read
ers are more than those in the
school. Young and old alike find
in me stimulation, instruction,
entertainment, inspiration, solace,
comfort. I am the chronicler of
birth and love and death—the
three great facts of man’s exist
ence.
I bring together buyer and sell
er, to the benefit of both; I s*m a
part of the market place of the
world. Into the home I carry
word of the goods which feed,
and clothe, and shelter, and which
minister to comfort, ease, health,
and happiness.
I am the word of the week, the
history of the year, the record
of my community in the archives
of state and nation.
I am the exponent of the lives
of my readers.
I am the country weekly.
of some holes” be able to work
out a plan whereby the coming
year’s expenditures may be met.
| Expressing pleasure over the
signing of the new $3,553,400,000
tax bill, the largest in the history
of the nation, Doughton said that
it was a credit to the country as a
whole that such a bill had re
ceived such approval on its route
to the President.
“The pocketbook is still a very
tender nerve,” he said and ex-1
plained that every consideration
will be taken out not to hurt the
taxpayer’s pockebook. However,
he pointed out that talk isn’t go
ing to face .the problems—which
can be met only with unity and
sacrifice.
Congressman Bob was one of
the speaker’s at the convention.
He was accompanied by Mrs.
Doughton and Miss Reba Dough
ton was one of the many persons
who was striken following the
barbaque dinner given by Dick
Reynolds on Friday night. She
and many others spent two or
three days in hospitals in Win
ston.
The Doughtons returned to the
county Sunday, however.
Crops production in England
this year is at a record peak, ara
ble cropland having been in
creased by one-third in the past
two years.
Turkey Knob News
Mrs. Annie Land reth
Staff Correspondent
Mr. and Mrs. Talmage Caudill,
of Anawalt, W. Va., visited Mr.
and Mrs. J. B. Osborne last week
end.
Mr. Gairfield Warden has moved
to C. F. Osborne’s place.
Mr. Bayfte Landreth spent Sat
urday and Sunday at Salisbury.
Mr. C. F. Osborne, who has
been sick, is reported to be im
proving slowly.
Mr. and Mrs. John Landreth
and son, of Galax, Va., visited
Mrs. Laura Landreth Saturday.
Mr. Palmer Walls, of Dublin,
Va., spent the week end at his
home.
Mr. and Mrs. J. L. Landreth and
son. Lon Mack, attended the fair
at West Jefferson Friday.
Mr. Coy Collins made a busi
ness trip to West Virginia Wed
nesday.
Mrs. Florence Reeves, of Strat
ford, spent * Sunday with Mrs.
Laura Landreth.
Mr. and Mrs. Bavse Parsons, of
Jacksonville, N. C„ returned to
their home here Sunday. Mrs.
Parsons will remain with her fa
ther for a week.
Mt. Zion News
Mrs. R. M. Pugh returned home
from the Elkin hospital recently.
Her condition is much improved.
Mr. and Mrs. Hallie Douglas
spent Sunday with Mr. and Mrs.
H. C. Smith.
Mr. and Mrs. P. C. Edwards, of i
fopia, visited relatives in this [
community Sunday.
Mr. and Mrs. George Pugh vis
ited Mr. and Mrs. T. E. Pugh
Sunday afternoon.
Mr. Lee Black is ill.
A number of people attended
the funeral of Mrs. Sarah Hoppers
Moxley at Mt. Zion last Friday.
Mrs. Nettie Teague, of Wilkes
boro, is spending some time with
her sister, Mrs. R. M. Pugh, of
this community.
Rev. R. L. Berry, of Sparta,
visited Mr. and Mrs. Walter Per
ry, Sunday, afternoon.
Louise Perry was taken last
Saturday to the hospital, where
she will remain for treatment.
Mr. David Van Dyke is spend
ing some time with his parents
in Virginia.
T. E. Pugh, of Radford, spent
the week end with his family in
this community.
Mrs. Effie Fields, of Topia, was
a dinner guest in the home of Mrs.
Homer Black last Friday.
Vegetables high in vitamin “C”
content when they are taken from
the field, lose the body-building
ingredient rapidly during the
time between harvest and the din
ner table.
You’ll Enjoy Our - -
*
Special Dinners
-DURING
Alleghany Fair Days
and Court Week
You’ll like our good home-cooking and
Prompt Service! '
Parkway Cafe
SPARTA, NORTH CAROLINA
SPECIALS
FOR FAIR DAYS
& Court Week
•-:-•
Visit All Departments In Our
Store For New Fall Clothes!
New Dresses - Coats - Suits - Hats
New Fall- -
0 Dresses
0 Coats
0 Hats
0 Accessories
You’ll agree that we are
^fashion headquarters for new
jjt’est creations in dresses and
coats . . . We have new fall
dresses for all occasions and
for all ages ... You can’t find
better values even on Fifth
Avenue . . . and we challenge
you to match ours for low
prices.
Men’s New Fall
SUITS
It’s time to buy your new Fall
Suit and we know that you can
find here just what you want, re
gardless of your taste. You are
assured of getting the very lat
est styles and a good fit.
$16.50 ■ $22.50
BOYS’ AND STUDENTS’—
SUITS l
V
We also have a large selection
of suits for young boys and stu
dents. All wool ... all styles . . .
lowest prices!
$4.95 - $17.50
Men’s Hats, $1.19, up fi
|{ Sale Of New Blankets 1
rn., sat. « moil.
Single Cotton Blankets - - 48c
FAMOUS CHATHAM BLANKETS
Double, part wool, gorgeous colors, expertly
made in Elkin. Prices range from—
*1.95 to $8.95
Men’s Mayo & Hanes Winter
Underwear
Now is the time to buy!
79c to $1.59
Men’s High Quality
Suede Shirts '
Now on sale for only—
97c each
BELK’S DEPT. STORE
SPABTA
“THE HO'ME OF BETTES VALUES”
N. CAROLINA