PAGE FOUR
THE BEAUFORT NEWS THURSDAY. JANUARY 28, 1932
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The Beaufort News
(Oblished every Thursday at Beaufort, Carteret County
North Carolina
Beaufort Newt lac, Publisher
WILLIAM GILES MEBANE Pres. and Editor
SUBSCRIPTION RATES
(In Advance)
One Year - - $2.00
Six Months - 1-00
Xhre Months .50
Entered as second class matter February 5, 1912 at the
,ostofflce in Beaufort, North Carolina, under the Act
of March 3, 1879.
MEMBER NORTH CAROLINA PRESS ASSOCIATION
THURSDAY, JANUARY 28, 1932
THE CAMELIA JAPONICA
There are perhaps few shrubs more beau
tiful than the Camelia Japonica. Certainly few
that grow in this section of the country are
superior to it. With its glossy evergreen leaves
and red or white double flowers, it much re
sembles a rose and is very handsome. Inas
much as this shrub grows here out of doors
and is hardy enough to stand the cold of our
winters it ought to be used more generally for
ornamental purposes than it is. With prop
er care the Camelia Japonica can be grown
any where in this section. Perhaps the wom
en's clubs in the county might find this object
worthy of their support.
only fifteen per cent of the tobacco grown in
North Carolina and could not possibly control
the price of the crop.
In a hearing last week before the Ways and
Means Committee in Washington Junius Park
er of New York, counsel for the Tobacco Mer
chants Association, stated that 65 per cent of
the flue cured tobacco grown in North and
South Carolina, Virginia and Georgia is ex
ported. The tobacco manufacturers in the
United States buy about 35 per cent of the
crop, mostly of the better grades. The cheap
er grades are exported to India, China and
various European countries. Owing to the fall
in price of silver and general demoralization
in business, the foreign demand for merican
tobacco has dropped to a very low figure. Un
til the foreign demand increases low grades
of tobacco will likely continued to fetch very
low prices. Obviously the thing for our tobac
co growers in North Carolina to do it to cut
down their acreage to the lowest point pos
sible, until such time as the world recovers
from its very bad spell of illness.
Press Gleanings
THERE'S A LIMIT
' Go .-eminent must learn economy some time. It
can't 1ax incomes 101 per cent. San Francisco Chronicle.
AND STUBBLY
Th local barber says he would rather shave Demo
crats than Republicans this year, because the faces of
the Eepublicans are very long. Atchison Globe.
Lexers From
Our Readers
THE BANK SITUATION
DISCUSSED BY MR. EURE
two options: the first will allow the
j depositors to accept a flat percent
age of the amount on deposit on the
jdate of closing, the second will be as
the expression goes of taking pot
luck. That is, whatever amount is de
rived in liquidation will be pro rated
according to the amount each depos-
Editor of The News, stockholders
and depositors of The Beaufort Bank
ing and Trust Co., and loyal citizens
of Carteret County:
These are perilous times thru which
we are now passing, with one crisis
following another, busines? after bus-
Mediterranean Sea ever 1600 miles.
Following the so-called "Opium War"
1839 between Great Britain and Chi
na, under the Treaty of Nanking, the
Island of Hongkong was ceded to
Great Britain. Hongkong is 700 miles
northwest of Manilla, and is between
the China and the East China Seas,
it or has. It is my earnest wish that , t the east js the Pacific ocean
each and every depositor will coop- jn tnig sectjon England is able to
erate to the fullest, that this program i keep her pacific squadron. The Suez
may be expedited and carried thru,canal wag opene(j for traffic in 1869,
to a successful conclusion, lr meet- ft t .,., 0f construction work.
A GOOD APPOINTMENT
The appointment of General Dawes as the
head of the two billion dollar Reconstruction
Corporation seems to have given general sat
is faction. A great many of the leading news
papers of the country have approved the ap
pointment most heartily and those that have
not seen lit to commend it have made no crit
icism because they had no grounds for crit
icism. General Dawes is recognized as one
of the leading financiers of the world and the
people have confidence that the affairs of the
relief organization will be administered prop
erly and successfully.
NEW SORT OF BANKING REQUIRED
In many of the towns in North Carolina
where banks have closed efforts are now be
ing either to reopen an old bank or to start
a new one. In fact in some of these places
banks have already been started. It does not
take a town, that has had a bank and loses it,
long to realize what a necessary thing a bank
is in any community's business life. People may
not have thought much about their bank while
they had it but when it is gone they miss it
terribly. It is one of the "blessings that bright
en as they take their flight."
As a result of the terrific upheaval that has
taken place the banking business is going to
be conducted along different lines from what
has been done in the past. Loans will be scrut
inized very carefully. Depositors will be re
quired to maintain good sized balances or pay
service charges and it is probable that inter
est rates on savings will not be as high as they
have been in the past. There will be various
changes and restrictions that will make bank
ing a safer business than it has been hereto
fore. If this is not done there will not be any
banks, because nobody would want stock in
one and very few would care to deposit their
funds there.
Ro ert Quillen suggests that some attention be di
rected to the fact that thousands of banks in the coun
try have not closed. A very good suggestion. A ma
jority of the country's banks are still doing business,
despite the fact that bank bortality has been running
high lor the past two years. In the same period there
have been many failures in other lines of business, but
a large proportion of the total number of business en
terprises in the country are still operating. Of
course we all understand that the closing of a bank or
failure of a business enterprise is news; the fact that
a maj rity of the banks and business concerns have
not closed or quit is not news. (Hendersonville Times
News. )
tried and come thru, and the weak
will fall by the wayside. This condi
tion has not passed us by, but has
come into our midst with disastrous
results, and now if ever i3 the time
for each and every one to pull to
gether for the go?d of all, and do
all possible to reestablish confidence
in values and in our fellow man.
For the past two years the forces
of destruction have been mightily at
work, but today we find on every
hand the forces of construction are
at work, both by private individuals,
and our state and national govern
ments, and it will be only in this
way that we will be able once more
to get ourselves back to anything
near normal. If I were going to ex
press an opinion I would say that we
are now at or near the turning point,
with a long pull ahead of us.
The greatest calamity that has be
With her control over Egypt, and
her squadron either in the Atlantic
trial i a viuy a dui.i cvw...v.w. - . . ...
the Beaufort Banking and Trust Co., ocean base, or in the Mediterranean
Oca Ill aoutiutiuu niui net mmv.
ings are called for your locality belnH five vears iater tne prjme Minis
on hand. If you are asked to putjter of England, purchased from the
your shoulder to the wheel and Governor 0f Egypt one half of the
some personal work, don't fail us. j cana property( thereby opening for
iness going to the wall, with seldom Lt3 &n et Denma lnw ov" traffic, from the Mediterranean Sea
a naner eoine to press that we do not iinto me inaian vceaii ami uie r.asi.
see accounts of numerous failures! . M.n!ll,.. t ,vnuu like to sav
and suicides. This is the time of test-' j waJ on a gmall gtockholder In
Ing, unit? uei. me owviik I
A Un irVifM rVia n our lianf iq nrffBIl
ized I will (till be a small stockholder Squadron, England could delay or
in this institution. That I only owed prevent supplies going to India, and
the bank a small amount, and that my lay the independence of either In.
deposits on the date of closing more dla 01 P1-
than cover this. That inasmuch as Lathrop Stoddard, 1920, the Rising
my daily contact is with prospective Tide of Color Against White World
customers I could not afford to rec- j Supremacy estimated the world's pop
ommend any proposition that I felt'ulation at one billion 700 million,
would react unfavorably in my bus
iness, but I will say that I do rec
ommend this to you, and shall do all
possible to bring to a successful con
clusion. N. F. EURE
Beaufort, N. C.
Jan. 27.
DEMOCRACY.
Editor of The News:
The foreign trade cf Great Britain
and with the increase 10-12 per cent
in a 10 year period, in the 12 years
from 1920 to 1932, would equal prac
tically two billion. He divides the rac
es, and credits the white race with
550 million or near 33 per Cent of the
total, the yellow 510 million, the
black 150, the brown 450 and the
Red 40 millions. The white race con
trolling 4-10 of the habitable land
this would include 30 million square
miles of fertile land of the earth, and
having 9-10 of the political control,
GARNER FOR PRESIDENT
We believe John Nance Garner to be the best Dem-
j ocratic presidential possibility yet suggest.
People generally like both Franklin D. Roosevelt and
Newton D. Baker. They regard them as able men and
apparently would be willing to support either of them
for prised ent. Yet there is absolutely no enthusiasm in
this section for either.
Speaker Garner is the man who can kindle the fire
of enthusiasm and unify the Democratic ranks from
Canada to Mexico. The fact that he haih from Tex
as is not against him. A Texan can carry more states
than a New Yorker.
Garner, in the point of ability, certainly measures
up with any other candidate on the slate; and the
question as to whether a man is from the north, south,
east, or west has never been of less importance than
at this time.
Democrats will do well to sound the battle cry "Gar
ner for President." (Williamston Enterprise).
POLITICS COMES FIRST
Dr. Barton, eminent Baptist diven, told the
Anti-Saloon League conference in Washington
last week that the South would not support a
candidate for President who is wet himself or
"one who has the badge and smell of Tam
many Hall on him." Maybe not but it is pos
sible that the Doctor is mistaken.
In the year of grace 1920 James Cox of
Ohio, Democratic nominee for President and
as wet as Al Smith or anybody else, carried ev
ery Southern state except Tennessee and
West Virginia. In 1924 John W. Davis of
New York, who was and is opposed to prohi
bition, carried all of the Southern states ex
cept West Virginia. Al Smith fail to carrry
quite a number of Southern states in 1928 but
he was handicapped by the fact that he was a
Roman Catholic in addition to his witness and
to the further fact that the Republican organi
zation spent a lot of money in the South, which
they had not been in the habit of doing.
The Democrats are going to nominate a wet
candidate this year and he will carry most if
not all of the Southern states. The fact of his
wetness will not deter leaders like Josephus
Daniels, J. W. Bailey, Cam Morrison, Gover
nor Gardner and Clyde Hoey, all staunch pro
hibitionists, from supporting him. They did it
in 1928 and they are going to do it again this
year. The same is true of ninety five percent
of the Democratic leaders in the South. They
put politics ahead of prohibition.
THE TOBACCO FARMER SHOULD
PLAY AS SAFE AS POSSIBLE
The R. J. Reynolds Tobacco Company will
pay into the State treasury the sum of two mil
lion dollars which is more than any other cor
poration will pay and it is said to be 27 per
cent of all the income tax the State will col
lect. Its ability to pay this large tax is due
of course to the fact that the company has
made a great deal of money, some thirty six
millions last year we believe. The Reynolds
company has been criticised rather bitterly be
cause of the low prices paid for tobacco but
President Williams says his company buys
VALUE OF A LOCAL NEWSPAPER
Of what value is a newspaper to its community?
A newspaper can't build a town; it can't make a good
one out of a bad one; it can't make a town grow!! It
can't bring factories; it can't improve the schools; it
can't rebuild churches and enlarge the congregation.
It can't defeat bad candidates for office and it can't
elect good ones, at least not very often.
But a newspaper can encourage peopie. A news
paper can be the eyes and the voice of the communi
ty. It can watch the trend of affairs; it can note the
important things other communities are doing; it can
keep the people posted, and then it can lead the way.-
A newspaper published by a successful man or wom
an can point the way, it can show how things can be
accomplished, it can create a wholesome atmosphere in
which people can realize the beauties and joy of life,
and then progress is made.
Can any other institution render greater service to
humanity?
Shaw said: "The profession of journalism God help
it " I say to the rural and small city publishers who
have an hor.ast determination to get ahead, whose
hearts are fV.'.ed with joy, "The profession of journal
ism God be praised!" Cape Girardeau (Mo.) South
ern Missaurian.
THE ROSE BY ANOTHER NAME
Mr. John A, Livingstone of Raleigh makes the ob
servation that there is a new name for "intrust" in
North Carolina. It is now called "debt service."
This is the bookkeeping name for the interest and
installments due on debts. It does not sound as harsh
as interest, but it has the same results, as was demon
strated when reports came in from 83 counties show
ing that all of the reduction in taxes made by the tak
ing of road maintenance by the State had been absorb
ed by the "debt service" accounts in these counties.
However, there has been an average reduction of 33
cents in the tax rate for these counties, thanks to the
fact that the State has taken over more of the burden
of school maintenance. Governor Gardner feels that
his State road program has been vindicated because
without an increase of taxes it would not have been
possible for the counties to have looked, after them
this winter. The continued good weather throughout
the fall months took off much of the burden of road
maintenance.
Well, it is said that a rose would smell as sweet un.
der some other name. The local taxes have been re
duced ome. But there will be no reduction of taxes
to any considerable extent till expenses are cut down
and that is a horse of another coolr. (Moore County
News.)
: i ai t. i i al . ia. i j i a i
fall h hOBn in the nws ,.f"M ""ireabeu uirougn geograpnicai me wnne race wouia nave 10 De pre-
, v , .. , 6 discoveries and business organizations pared to hold back this vast horde.
uns. nvn, ii c eAuai lu con- ; Ttu a; a: j t j: '.n i Trm: tiuvii
. , . . , . in -uilij uiciiia, niuu aiiu Auuia. vreuciai vv iiiiaui itititueu, luiljlcr
a, nowjIn 1600 the East India Company was Commander of the A. E. F. air fore-
tLl Tf06' WeT formed, and through this in 1686 'es in Liberty Magazine (issue 1-21-32
think that we will be compelled toirij :j u,j tj:. kr r,:, :... fu.
.!,. li. . ,., , ... , ugiouu fcainuu a luuiuuiu in mum. v n., i uui; says mat war is uievuauie
.have banking service. With this in Af(, Mlf n Mt f At-lh., t.' a th tt o j
view i have been workincr towards L, t- , . .. i , , , - . , '
trol of all political affairs, leaving in Asia, and "for Japan's very exist-
!n; --'"ar-i ld's colonial subjects live in India,
the establishment of a new bank, and I
tlio tvino. in .iti, i.u 1 --'uui uj. an puuuuai auairs, leaving in Asia, ana "ior japans very exist
he Beaufort RL S - SVV lthe business management to and with ance" He says Japan is not afraid of
fir !2 i w'nLand TrustlCo.,the company. Practically 4-5 of Eng. lour naval power, and would begin to
attack the fleet as it left Honolula,
this attack would be by air forces, and
at the Ladrone Islands supported by
submarines. He favors greater air
force. Japan is afraid of the air force
of the U. S. ; because she could be
(Continued on page eight )
ing meeting of depositors and stcok
holders for the past week. These meet
ings have been harmonious in every
respect. One of the most encouraging
things in connection with this work
is the interest that is being taken by
me peopie wno were only depositors,
with no stock interest. I want to
a peninsula in the South of Asia,
containing 1,802,629 square miles,
and a population of over 300 million.
During the past centuries practical
ly all of the mainland, and Burma
were placed under British control.
Burma the eastern mainland connects
...UL O: J n; . ...
qtnto that tha nio i . -- wilii oiuin, ana oiam connects witn
V' J1 83 worked out isiFrench Indo-China on the China Sea.
. ' -" Across inp i.ninfl aon nvop xiin m a
is Manilla, in the Phillipine Islands,
controlled by the U. S. India is South
of China and Afghanistan, and lmost
east of Persia. From Bombay west to
Arabia is 1000 miles, thence South
and around Arabia 1300 mi.es thru
the Gulf of Aden to the Red Sea.
thence North by west' through the
ilea tea and the Suez Canal to the
being worked out as we rrnarior,n,
ly believe for the good of all and for
me Dest interests of OUR county as
a whole. It, of course u impossible
to draw any instrument to meet ev
ery individual case, where two thous
and persons are concerned.
The depositors agreement as the
committee has drawn it, will carry
666
LIQUID - TABLETS SALVE
666 Liquid or Tablets used internally
and 666 Salve externally, make a
complete and effective treatment for
Cold..
Most Speedy Remedies Known
March 31
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We Emmite
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CmmmBLren(inJl
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The Bank of Sorehead Gltv
MOREHEAD CITY, N. C.