Newspapers / The Beaufort News (Beaufort, … / Nov. 8, 1934, edition 1 / Page 8
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PAGE EIGHT THE BEAUFORT NEWS THU""AY, NOVEMBER 8, 1934 'Morehead City News merly a partner with the Bell-James ianeriii lo., nas accepieu a pusuum By M r. George Henderson BEAUFORT MAN INJURED Mr. Sam M. Cartenvrigh; of Beau fort was brought to the Morehead City Hospital Satunhy r.ig'it with a broken ankle sustained in an auto mobile accident whio occurred four miles this side of New Bern near Duncan's tilling: station. Josh Giitfin, a negro driving a Life Insur- with the Metropolitan ance Company. Mr and Mrs. R Y Co.-don of New Vo.k City were; visit jrs in the city j Wednesday. ' Mayor II. S. Gib'os, N. F. Eure and S A. Chalk attended a sectional meet ,ing of the Federal Housing Commis sion which me: in the Chamber of office. x'.. i .ivinmi a HnipK seaan LommtriB driven by Mr. E. L. Tavlor ot iieau-. iuiss m-nie mitr o..u fort badly damaging both cars. Mr. Rosa Bell returned this week from a and 'Mrs. Tavlor and Mr. Carter- few days visit in Washington, D. C. wright vt-re returning from a shop- Geraldine Dickinson returned to r,,n viit nt X.uv Bern about C:30 her home at Sea Level, October 30 J'ti., ....v - ..... in the evening when they- met Grif fin coming towards them in a zig zag fashion taking practically all the road. Mr. Carterwright was on the back seat and beside him was a case of glass. In the sudden compact of the cars the case fell against his leg twisting his anckle against the foot rest on the floor breaking it. Mr. Thos. Hood who was returning to 'Beaufort brought Mr. Cartwright here. after receiving treatment for over a year at trie .uoreneaci uy jiuh tal". Geraldine was ill with typhoid j fever during the storm last fall and infections set in as the result of im-! pur;- water. Mrs Ralph Willis and little dau ghter, who have been making their 'home in New London, Conn., arrived ' in the city Saturday to spend a 'month with relatives before joining I Mr. Willis, who has been transferred was charged with be-1 to the Florida coast. Mrs. f. bpt-nce ana aaugnter, Clara left Wednesday for Salisbury to attend the State florist convention. For a week they will attend a special school of designing. Mr. Foy Edwards of Wilson who underwent a tonsil operation at the Morehead City Hospital last week, has been discharged and left this Thursday, returning to his home. The negro ing a hit-and-run driver and was arrested by constable Jas. S. Bryan. He will be given a preliminary hear ing before magistrate T. H. Smith. LITERARY AND ART CLUB Mrs. Herbert Thornton and Mrs. Ira Long were hostesses Wednesday afternoon to the Literary and Art Department of the Woman's Club. The meeting was held at the home ; of Mr3. Thornton with Mrs. Waldron Bailey, Jr., chairman presiding. j Mrs. M. T. Mills gave interesting, events of the days issues. The leader on the afternoon's pro-j gram was Mrs. Frank Hall, whose; subject was the study of the French j Artist, Medame Le Brucie. j Delicious refreshments were serv-, ed by the hostesses at the conclusion of the meeting. I FINDS BANKS WILLING, BORROWERS CAUTIOUS Prominent Writer Refutes Statements B-riJ.ers Are Re fusing Sounr5 l.c9'- De scribes Resscns for Reduced Voluira of Credit. The Seventh District Meeting of ; the Daughters' of the American Re- j volution was held Friday, November 2nd at the Methodist Church here. I About 60 members attended. In the absence of the regent, Mrs. Chas. S. Wallace, Mrs. J. C. Taylor spoke for her mother, Mrs. Wallace, in j expressing their pleasure in enter-, taining the delegates. Mrs. C. M. Parks, vice-regent wel-, corned the delegates. Kinston was t chosen for the next place of meet-! ing. Mrs. W. H. Belk, State R,gent spoke on patriotic education as one; of the important objectives of the! organization. j A three course luncheon was , served in the Sunday school base-' ment. HOSPITAL NOTES Mrs. David Willis of Harkers Is land, returned home Monday with ! her infant son, Max Berry Willis. Mrs. M. L. Smith and baby girl, ' Evelyn returned Tuesday to their home at Cedar Island J Mrs David Parsons was discharg- - ed on October 29 and returned to her home in the city. Mrs Mart Wriggins was dis;harged Monday returning to her home in Swansboro Born to Mr and Mrs Floyd Reid of Swansboro, on October 30th, a dau ghter, named Catherine Ann L S Herron a member of the local coast guard uni: was admitted to the hospital Thursday, November 1st. Mrs. DjiTy Wade was admitted to the hospital last Friday and dis charged on Sunday. Mn Charlie Bennett was ad nvtre.i for treatment Wednesday, FIGURES supplied by typical, well managed banks hi different parts of the country show that a high proper tlon of all applications for loans hove been granted In the prist year cr two. says Albert W. Atroid In a recent artl cle In The Saturday Evening Pout on "The Idle Dollar." Excerpts from Mr Atwcod's article follow: "Frequently batiks state that cs high as 00 per cent of all such applications are granted and for from GO to 75 per cent of the amount asked for. Allow Ing that the hankers make those llgures as favorable to their own case as pos sible, It seems strange that we are told again and again that banks are not lending at all. "If we take Ir.to account the whole clas3 of regular bank borrowers, the plain fact is very few want to borrow yet. For the word 'torrow' Is merely an other name for the v.'cn! 'debt,' and we face a great world-wide drive to get out of debt. "An experienced small-city banker, asked If banks were lending freely enough, wisely replied: 'The really good borrower does not wish to borrow cow. In fact, I think our customers are making a. remarkably fine showing In paying off their loans, especially loans of long standing.' The Shrinkage c? CrcJi! "Or if we think ot business concerns rather than of Individuals, it is con servative to say that those able to main tain high credit ratings have been most ly the ones able to maintain ample cash resources and, therefore, least In need of credit As prices and costs fell, many concerns found themselves with plenty ot cash because of the shrinkage In operations. Cash resources were still further swollen by reduced dividends, and smaller Inventories made bank bor rowing still le3s necessary. "Expressed la auoiber way, banks cannot expand credit, they cannot make loans, unless there Is a demand for the same. Fundamentally, the business transaction makes the loan, the loan does not make the transaction. It Is a mistake to try to force upon business organizations funds which they do cot need. L'nder the circumstances the Idle dollar' Is a natural and proper enough phenomenon. A demand tor credit Is difficult to create artificially. a'ul there is always danger in so doing. "Uiiaks must be liiiuld enough at all times to pay depositors. The Idea of a commercial loan Is that It represents a self-liquidating process in business. If the banker makes only those advances that are Inherently sound, and selects his maturities wisely, he will have in coming funds to meet demands. -Government Lending "As everbody knows, the Govern ment has vast lending agencies, foi home owners, farmers, and the like These have nothing to do with the sub Ject of this article, except that all such Government operations would be -impossible if the bauks did not lend the Government money for the purpose. "No one can set a time when borrow ing will be resumed. Eut it will come when men once more feel that condi tions are sufficiently settled to warrant them In taking chances, In entering upon deals, and In trying to make money." Mr. Atwood says that It may be that the banks are overcautious now. Just as they were overconfident In 1929, but calls attention to the fact that until a little more than a year, ago banks were failing "partly because they bad loaned too treely, and were being criticized right and left for precisely that fault." He adds: "Indeed the banks which had beeu cautious in their lending policy came through the crisis safely. Under such conditions it Is utterly useless to critl cize banks for not making loans. Aftei the experience tbey had for several years, especially In 1932 and 1933. It Is only natural tfcat tbey should relax their requirements very slowly and gradually. "Unfortunately, many of the appllca tlons for leans are not people who want temporary banking accommoda tlou for three or six months and are quite able to meet their maturity dates, but arc from those who really need per manent capital. Tbey are busted and they want someone to stake them to a new start. What they really seek 19 a partner to furnish them with long-urn capital. But depositors Insist upon be Ing paid on demand, and. therefore. It id a grave question whether banks should tie tip their funds for any length of tlm!." HOW ONE FARMER HELPED HIMSELF cents per busheh On th.j basil be was producing without either profit or loss. A study of his costs Indicated means by' which the yields might be Increased without proportional expenses. By mak ing use of facts discovered at the Ex f eriment Stations, the farmer secured an Increased yeld of four and one-half bushels per acre (374 bushels, instead of 33). By increasing the yield and holding down expenses, this farmer was able to make a profit of six cents fer bushel. was drawn out, William of Atlantic being the )VAVA KNOWS-I fill and arrangements worked out for quilt top insuring the security of the small Robinson farmers until they become well ts- lucky one. tablished. Dr. Hamilton writes. j We are all glad to know the Me !thodist parsonage is being repaired. Card of Thanks j . I A revival meeting began at the We wish to thank all our friends ! Missionary Baptist church Monday for their kind expressions of sym-jnteht the Pastor. Rev. Linebeer pathy, in whatever shown, on ac- ot Marshallberg has a very good count of our recent bereavement and helper. , 1 it. j it. 1 sorrow caused Dy me aeam 01 our daughter and sister. Mrs. Nancy C. Willis Stacey Willis Eugene A. Willi I ATLANTIC The missionary meeting was held at the home of Mrs Howard Nelson on November 6, a very interesting program was given. While there the Marine Hospital, lucky number for a beautiful silk ' Miss Vera Robinson spent the week-end at home, returning to her school at Bogue Monday morning. Mr. Lambert Morris and his wife were visitors at his home for the week-end. Mr and Mrs. Alex Golden have returned from their trip at Norfolk, Va., where they went to visit Mrs. Golden's relatives. Wrhile there Mr. Golden received treatment at the SEE "Pop, what is graft?" "Lemon Juice." . Boll Syndicate WNU Service, FIRST PRIZE AWARDED TO MRS. WILL ARTHUR Mrs. "Will Arthur of North River won first place in the flower contest held at Achievement Day last week. Mrs. Arthur won first place in the flower arrangement contest and also took first honors for the best speci men chrysanthemum. Names of ot her winners will be publisiyd next week. Tenant System Great Hindrance To South Jack Steel In His Most Daring Ride Friday and Saturday AFTERNOON and NIGHT At Carteret County Fair Grounds A farmer accustomed to keeping records found that It cost $18.50 to produce an acre of corn. His average yield was 33 bushels, selling for 50 1934 Red Cross Poster Invites Your Membership Raleigh, Nov. 5. Tha backbone of the tenant system must be broken before the South can ever attain a real agricultural rehabilitation, Dr. C. Horace Hamilton, associate rural sociologist of the N. C. experiment station of State College, writes in the October issue of "Rural Ameri ca". The tenant farm system, des-i 1 1 - U (.,M,wa nf tho Smith. jcriueu as uie svumftc v.. , jean be broken, Dr. Hamilton sug gests, by setting up a Federal Land I Authority with a major objective of I establishing a belt of small farm mx-np-rs across the tenant areas of the South. He suggests that lands obtained at reasonable prices from banks, insurance companies, gov ernmental agencies and large farm ers should be utilized. Surveys should be made, he as serts, to determine what tenants and laborers are capable of becoming farm owners, with the ultimate view of providing land for every family desiring to farm and which is able to manage a farm of its own. The Farm Credit Administration and oth er government agencies could work in cooperation with the Federal Land Authority to finance the program and carry out the work, he said. A bal anced and permanent system of farm irrg for these small farm owners and educational opportunities for th9 young should be in the program The farmers could buy the land from the Land Authority on easy terms Carteret's Shopping News Specials For Friday and Saturday Only November 9th & 10th WATCH OUR WINDOWS Sandy Hook Clothes Suit $5.50 Oil Hunting Coats Sach 5.25 Hats 1.19 Caps 98 Old English Wax pound cans 74c YOU ARE CORDI ALLY INVITED TO SEE OUR EXHIB IT OF FLORENCE RANGES AND OIL HEATERS AT THE COUNTY FAIR. Florence White Por celain Range Regular Price 75.00 Special price 69.00 Oil each Mops 39c :i t- Mr an ! Mrs R. E. High- , on Friday, November nv.rrh, :i I!:-, i. Alton Register .of the dredge i '('.".mstock" who was injured in a c ir accident was admitted Monday for treatment. I PERSONALS Mrs. Hattie Edwards who has b:-en on an extended visit with re latives at Pollocksville returned home this week. Mr. Johnnie Johnson of Hender son, spent the week-end in the city the guest of Dr. and Mrs. Frank Staton. Captain and Mrs. F. S. Hodge of Marshallberg wer visitors in the city Sunday. Mrs Vernon Paul and children left Thursday! for New Bern where they will reside. Mr. Paul is working with Dr. Hunter at the Davis Drug Store. Mr3 B S Summersill and daught ers, Misses Edna and Jesse of Ayden wsre visitors in the city last week quests of Mr and Mrs. Rodney S. Prescott. Among the delegates from New Bern attending the D. A. R. district meeting were: Mrs. John Dunn, re gent of New Bern chapter, Mrs. GfO Will's, C. M. Spencer, Misses Ger trude Can away and Anna Hauff. Mr Alfonso Jame3 who was for- J , ; , . S Ingredients of Vtcks VapoRub in Convenient Candy Form VICKS COUGH DROP Wade's WEEK NOV. 12th MONDAY & TUESDAY "DAMES" with Dick Powell, Ruby Keeler Zazu Pitts, Guy Kible, Hugh Herbert NEWS Mat. 10 25c Night 15 30c Remington Klean bore Gun Shells Shur-Shot 89c Winchester Skates per pair RolUer 1.49 Florence Oil ers Walnut lain Finish 1 Burner 2 Burner Heat- Porce 15.25 19.95 Buzz Barton Air Rifles Each 1.95 Daisy Air Rifle3 Single Shot Each 1.00 Myers Deep Well Force Pumps Each $8.95 Florence Double Ovens with Heat In dicator Each 5.19 Standard White Por celain Kitchen sinks size 18x30 Each 5.95 Family Scale Per Pair ... 1.15 Carteret Hardware Co. INCORPORATED Phone 14 Beaufort, N. C. FREEMAN'S WEDNESDAY "Tomorrows Youth" With Dickie Moore, Martha Sleeper, John Miljan, Gloria Shea Alto Comedie 10 20c THURSDAY "DESIRABLE" with George Brent, Jean Muir Also Maiical Comady anil New Mat 10 30c Night 10 25c FRIDAY "No Greater Glory with Franko Dano, Lois Wilson Also Comedy and Newt lat 10 20c Night 10 25c SATURDAY "Diamond Trail" Writh Rex Bell Also Clyde Beatly "Lott Jungle" and Cartoon Mat. 10 20c Night 10 25c Leg of Lamb Shoulder Beef Liver Hamberger Good Porterhouse Steak Sirloin Steak Round Steak Head Cheese Blisa Coffee Maxwell House Coffee per lb. 20c per lb. 15c per lb. 15c per lb. 10c per lb. 20c per lb. 20c per lb. 20c per lb. 15c per lb. 25c per lb. 32c Freeman Brothers Telephones 181 and 182 Morehead City, N. C.
The Beaufort News (Beaufort, N.C.)
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Nov. 8, 1934, edition 1
8
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