r?rt'VAV TO
’CENTRAL
cahouna.
year
Tobacco
VALUATION WILL j
UH HIGHER TAXES !
liOGHOUT STATE;
reclining Value* Will Bring
Increasing Rates and Af
ford But Very
Little Relief
CREDIT of state
MAY BE IMPAIRED
jf Valuations Are Cut Too
U W Will Make Debt
iKove 7 1-7 Percent Con
ititutinnil Limitation and
Forestall All Chance Os,
Further Credits
IlioiM'li nnrrna.
In Hr +'r Hold
l i 1..4M.HV11.1,
* S who pay
;• :"*i ’v in North Carolina
~ rums thr smallest tax’
C-, - . • h will pay for many
, . -iv amordlng to opinion i
.... ;- > :• i (■<r this is that It is i
... .■ . fir-s conclusion that the *
:? • x-sctnMy will ouler a
.. i .. ; vof all property in (
; > n in turn will make j
... - .» • < in the assessed val
- < -oil property in the |
; i T .» mean that, since the
counties, cities and •
• most the same from
•t- -penally the cost of;
.« - ‘ax rates will be in
. >,.*• Mover proportion val
. vressed. I
- > --esse<i value of pro- j
• \• - '’arolina. according to j
t • tables compiled by i
•t -■ • T« ''mmission, is approxi- j
-.rmn although the ea- J
, value of property in
** ' I - ' l- »-‘!mated by the Federal I
! - between $4,500,000,000 j
- P ...... v»-, Y»t those who are
• r in bringing about a I
<•*-, vtaV >n of property aa ■
*•■* *- »pr,eral Assembly meets.)
• ‘hs‘ »h« valuation will be j
■ >-* than $2,500,000,000 j
• . -y» .'.pn nuuntain that it j
t- ■ « *o $2 000.000.000.
' i -n'lons in the Stats are j
•* ‘ 4 ■ (2 500 000.000 .the |
" ' ' 1?•» >*ate s bonded indebt-j
• -x'-oei the constitutional i
' ‘ ; p.>r rrut. This will mean I
-v ..... . rrorlit will suffer, and |
.» ' bonds decrease. It wiU j
yn- -h- state will not be ]
*' ■ sr.v additional bonds for i
:v: -f whaf®ver. regardless of ‘
-*» * .. -«.r„ -snty.
•• siwo-pr. will not suffer j
r* of a reduced State J
*' • o much as will the coun- j
*• ■>- a-i town. For the State 1
1 •» »* taxes on property for)
f -.. wi»h the one excep- •
" ' *h» 11 cents tax for schools. J
"'• ' undoubtedly be removed (
•4. i-.yt General Assembly. So!
’ -* *' m *h* injurious effect of this;
- r b=>\ »on th® State’s credit!
j-lm; of its bonds the t
" •:ru“d on Page Three 1
Tennessee
Lynchings
Prevented j
1
,J ’i;»rdsmen at Le-I
Withdrawn!
' s Quiet Returns
Slaying
Term. Sept. 6.—(AP>
e-tored here today and 1 ,
.. Guardamen returned to j
, *’ Nashville after a night
"nee. in which 500 men
~ 1 jail, seized two Negro
■ . ’hreatened to lynch them,
. ' ir.g of two constables.
. ’*■'! -urged into the prison
• . ‘ . rr nce bv authorities that
.. . . held for killing Con
,. . ‘ t ’ Northern and Special Con
• " i Brown had been removed
/ ■*' : jail.
’• * Climer arrived in Nash
h® prisoners about the time
, ' v ’' made on the Lebanon
.. ve vent to its wrath by
' f '“ ''"'men who were arrested
n *-n m a from which
•'■ e* were shot, and took
i, p “ P'lblic square.
'•’* ■‘houts of “string ’em
' i, ..f 0 f police Robert Grann
r ‘ •’ <»f men and women per
”r>wd to return the pri-
sci, '
HrnJirrsntt Batlti
FULL. LEASED «ny a _
OF THE A&ocgjgp WgJIC.
Government Withdraws Its
Cotton, Wheat Front Market
Next President Faces Short Term
Vk ■* if
illlfl
IriiHH
Franklin
Koosrxc:;
*9 3 7
%“jjk \ ti Igg ijj
A prospect of less than four years
Ib the White H»u*e faces the
presidential candidate elected tn
November The next incumbent
may be forced to relinquish that
High position 43 days short of the
four-year term, to the virtual
certain adoption of the “lame
Treasury Selling Notes
Over A Billion Dollars
In Biggest Sum Os Year
$750,000 Offered In Five-Y ear Paper at 3 1-4 Percent;
Money Needed To Retire Maturing: Certificates
September 16; Expect Deficit to Decline
Washington. Sept. 6. — (AP, —ln its (
largest financial operations of the 1
current fiscal year, the Treasury of-!
sered for sale today J1.139.0J00u0 of 1
Federal securities,
A five-year note issued for J750.U00.-
000, dated September 15, and paying
3 1-4 percent interest, comprises the
chief portion of the new securities.
The remaining $400,000.00t) is in 1 1-4
percent certificates of indebtedness,
also dated September 13, and matur
ing in one year.
insurance Tearing
LATE IN SEPTEMBER.
»
Boney Says Brief Has Been!
Furnished In Compen
sation Increase
Raleigh, Sept. 6.—(APl—lnsurance
Commissioner Dan C. Boney said to
day that in all probability the hear
ing into the request of compensation
insurance companies for pc-mis. ion to
boost their rates in North Cnroima
will be held late this month.
Boney said the brief the compensa
tion rating and insurance bureau of
North Carolina and mutual and stock
i compensation companies had been In
j structed to furnish him respecting
; their premium Income and losses In
cured in North Carolina for the po
licy years of 1929 and 1930 had been
Copies of the brief are now being
prepared to be sent to employers who
are protesting against the proposed
increases. They will be given about
two weeks to reply, and the hearing
will then be had, ■
ONLY DAILY NEWSPapr r
Prices Are Much Higher
i ) duck” amendment to the constitu
\ j th»n. Under this amendment, al
i i ready ratified by many states, the
! new inaugurstion date will be
Jan. 20 instead of March 4 No
: ' state has rejected the proposal. It
I ; T’ quires 86 states to ratify aa
■ I amendment to the eaoetitution
The money is needed to retire $12,-
504.500 of Treasury certificates ma
turing September 15. and to meet $50,-
000.000 in interest payments on the
public debt falling due the same date.
What is left will go for current op
erating expenses, including the Re
construction Corporation’s cash re
quirements.
The Treasury now faces a deficit
of $400,000,000. but a material reduc
tion in this figure is expected upon
receipt of the third quarter’s income
tax paymenLs September 15.
Storm Will
Strike Near
Wilmington
Florida Escapes West
Indies Hurricane,
Now Due On Caro
lina Coast
Washington. Sept 6. —(AP) —Florida
was out of the path of the latest
tropical storm today, but the Weather
Bureau had ordered hurricane warn
ings for the Middle Atlantic Coast.
| Since Thursday a storm of reported
I hurricane intensity has been pushing
j slowly across the f Caribbean toward
j the far southern mainland but early
today it had shifted its course and
pointed northward, with the pos
sibility that it would strike sometime
late today between Wilmington, N.
C. and Cape Hatteras.
PUBLISHED IN THIS SECTION OF NORTH CAROLINA AND VIRGINIA.
HENDERSON, N. C., TUESDAY AFTERNOON, SEPTEMBER 6 1932
American Fanner To Get
Full Benefit of Short
Crop In Higher Prices,
Stone Says
R. F. C. LOAN MAKES
POLICIES POSSIBLE
Unsold Wheat Stocks Less
Than Three M illion Bush
els, Farm Board Head De
clares; Will Bh Sold Only
to Counlries That Take
Little of the Ciop
Washington. Sept. .--(AP)— Sale?
of stabilization wheal and govern
ment-controlled cottod definitely were
halted today until next year.
This decision was announced by
Chairman Stone of the Federal Farm
Board after being made possible by
a $50,000,000 Reconstruction Finance
Corporation loan to the Cotton Stabili
zatinn Corporation and the American
Cotton Cooperative Association.
“Those steps are being taken and
loans obtained," Stone said, “so that
iha cotton growers will get the full
benefit of the market for their crops
this yeai. and for hte purpose of
enabling the organizations to gradual
ly liquidate their holdings during per
iods when more active demand is an
ticipated."
Stone made his announcement in
two statements one issued on behalf
of the cotton group and one for the
Grain Stabilization Corporation.
The latter said its unsold wheat
stocks, amounting to less than 3,000,-
000 bushels, compared with 250.000,000
bushels $4 months «&(». ’.‘will not be
reduced by sales before January 1,
1933, except such sales of this 3.000,-
000 bushels as may be made for ship
ment to foreign countries that other
wise would not be important buyers
of United States wheat."
Accused Trio At
Fayetteville Are
Given Conviction
Favtteville, Sept. 6 (AP)—J
O Webb, Charles Jonea and Roy
Adams today were convicted of
second ('<• ~"® —i-irder for the slay
tng In a holdup June 11 of A. C.
Willis, Fayetteville grocer.
The thee edefendnib testified
they were dazed by drink at tlie
time, and that Webb was the only
one who shot during the hold-up.
The case went to the jury after
two days of argument, climaxed
today by Solicitor Tom McNeill’S
speech and Judge Walter L.
Small’s brief charge.
Father Os
Young Heir
Steals Lad
Indicted for Kidnap
ing In Taking Boy
Away; Lived In
Dallas
Dallaa, Texas, Sept. B.—(AP)
Police were searching today for
Hugh Bradford Jenkins, lOyear
old grandson of the late Mayor T.
L Bradford, of Dallas, and one of
the three principal heirs to Brad
ford’s estate, valued at consider
ably more than SLOOtMXtO.
Mayor Bradford died August 22.
The boy was last seen yesterday
when his father, Hubert J. Jen
kins, 38. of Louisville, called
at the Bradford country home to
take him to lunch and a movie.
Jenkins took the boy away about ‘
Han, saying he would return
at 2 p. m.
Jenkins was the first husband
of Elizabeth Bradford, daughter of
the late mayor, and Mrs. Bradford.
They were divorced and. she later
re-married. She was killed five
year* ago in an automobile ac
cident.
An Indictment charging kidnap
ing of the tmy was returned
against Jenkins, by the copnty
grand jury this afternoon. The In
dictment wad sought by Charles
F. O’DenneU, who sad served as
Mayor Bradford’s attorney for
many years. . , , •
Btamtlrfi
Colorado Senator ?
Wl T • -- WFm
HmS HSp. jh
Walter Walker, above, Democratic
publisher of Grand Junction,
Colo., is expected to fill the vs
fancy in the U. S. senate caused
by the recent death of Senatoi
Cl larles Waterman, s Republican.
Gov. William Adams, a Democrat,
>os indicated the appointment will
go to Walker, retiring state chair,
man of his party.
ELECTRIC POWER
CONSUMERS WILL
GET REDUCTIONS
Commissioner Winbome
Says “Great** Cuts In
Rates Are Assured for
Users In Stat?
LAST “CONFERENCE**
HAD BY COMMISSION
Tidewater Power Company
of Wilmington Heard, and
Winbome Statement Fol
lows That, Making It Clear
However, He Is Speaking
His Own Views
Raleigh, Sept. 6 (AP)—Stanley
Winbome, one of the three mem
bers of the State Corporation o >m
uilssion said today after the com
mission -had lyeld a icxtaferefioe
with representatives of the Tlde-
WuXt'T Power Company of WII.
mingi <_y, that “there Will be great
reductions for consumers of elec
tric power served by the major uti
lity companies In the State .”
Mr. Winbome made it clear he was
speaking for hlmaeiff, saying the com
mission hud not reached any final de
cision in regerd to proposed lower
rate schedules.
Chairman W. T. Lee and George P.
Pell, the other commission members,
have also plainly indicated they fee 1
reductions arc in prospect.
“After a consideration, of the facts
before me.” Winboroe said. "I am
sure reductions in rates will be ord
ered by the commission. The com.
mission will go to work right away on
its reduction proposals, and we hope
to have definite action in a very short
Ime"
The conference with the Tidewater
company representatives today com
pleted the series of meetings with
major utility companies. The Caro
lina Power and Light Company, the
Durham Public Service Company and
the Southern Public tilities Company
had previously been heard.
“Jess” Clark of
Durham Herald, Is
Claimed by Death
Durham. Sept. 6 (AP>—J. E “Jess”
Clark, 57 former managing editor of
j the Charlotte Observer, and for thr
past eight years a. member of the staff
; of the Durhpm; Herald 'died at a hoa
-1 pita I here today after a Jong Illness,
i Clark had also-been connected with
the Raleigh Times,, Wilmington Star
and Norfolk papers. x ’
Among survivors are bis widow,
two sons and two daughters. He, was
a native of Union county, but wheth
er funeral services, will be held Ahere
bad not been decided today.
WEATHER
FOB NORTH CAROLINA.
Partly cloudy and cooler tonight
and Wednesday, except probably
rain In extreme east portion.
t *
PUBLISHED EVERT AFTERNOON
except Bum>ar.
Eastern Carolina
Averages Close To
Double Last Year
Farmers Appear Pleased And No Tags
Reported Turned; One Market Re
ports Day’s Av erage at $15.55
Raleigh, Sept. 6 (AP) —Tobacco from North Caro-
new bright leaf belt lived up to its fame of the
golden weed today and farmers smiled at soaring
prices as the belt opened for the season.
Avei ages doubled and treoled last years prices, few
tags were turned, and poundage dumped on the floors by
rumbling trucks hovered around the 2,000,000 pound
mark on the first half dozen markets to report.
STATE ATTENTION
TURNSTO TOBACCO
Opening of Markets In East.,
ern Carolina Attracts I
Many People
EVERY ONE HOPEFUL
*
Marketing of W 32 Short Crop Relied ;
On To Help Turn Tide Fnom I*©- I
pretuuon to ITocperity Iti
The Kant
Daily lTln|«at< h'tlnr-rnn. I
In thr Sir Wnttrr Hotel,
ni J V . B ASK Kit VI 1.1,
Raleigh, Sept. 6 The attention o' i
the entire State was focused upon the
scone or more tobacco maikets that
opened today in the New Bright Bel’,
including all of the Eastern Nov’.h
Carolina markets, and upon the prires
that will be paid. For the incomes
and welfait* of thousands of individ-|
uals. and business cone* in. as well, I
depend upon the prices paid In this j
tobacco. If the prices are as high as '
have been paid so far on the o.arkeli
already open, and continue to hold up
or shew an increase, they will bring
new life f.nd encouragement to ah of
Eastern North Carolina, whore almost |
the netire economic structure, both j
rural and urban, hinges upon the to- j
bacto crop. But if tin. prices do not ‘
hoid up or show an increase the 'Jf ua- :
t>on will continue bad.
The expectations is, however, that
when the eales open tod.*y the prices j
iv.il be on par with the ..rices paid in
Ihe border markets, wi: the aver- 1
age has been from sl3 to sl6 per 100 j
pounds for the past week or so, with
some of the more choice grades sell- j
Ing as hig has SSO anti S6O per 100 1
Ice. These prices are mere than |
double the average price paid on the
opening day in the bolder markets j
last year
One of the reasons for elief that
the prices in the markets opening to
day will be even better ihar. in the
border states is because a b:t*er qual- ]
My of tobacco is usually produced In j
the New Bright Belt, because much
less tobacco was grown in this belt
this year and because 11.» farmer .- j
have been giviug more at e ttion to its ;
cultivation, curing and grading. It j
is admitted that soma )f the tobacco j
in this belt was Injured somewhat bv |
the hot, dry weather. Rj‘ in manv j
localities it is said that these condi-1
tions merely hastened .ht c op t 0 ma
turity wtihout greatly ua.oogin* the
quality.
Still anolher factor tha* many think
(Continued on Page Three.)
Robbers Get Loot
About $6,000 From
Denton, N. C., Bank
High Point, Sept. 6.—(AP>—Four
unmasked men robbed the Carolina
Bank and Trust Company of Deaton.
27 miles from here In Davidson coun
ty. of approximately $6,000 about noon
today.
Three men walked into the bank, oc
cupied at -the time by only two pa
trons and Baxter Carter, cashier.
The fourth man waited In an auto
mobile near the entrance. *
One of the trio afeked Carter to
change a $5 bill, and as the cashier
began the change the three whipped
out pistols and covered him and the
two customers. They scooped op ail
the currency in sight and fled to the
machine, which roared off in the di
retion of Asheville.
6 PAGES
TODAY
FIVE CENTS COPY
Kinston and Wilson reported 600 001
pounds each on floors there, with
prices well above the 1031 opening.
Wilson’s average was estimated a
between sl2 and sl3. an appreciable
increase over the 1931 average of
$7.82 per 100 pounds. The average at
Kinston appeared !<> ne annul 12 cents
but accurate data was difficult to ob
tain. so fevered v.as tne selling.
Approximately 650.000 pounds in
Greenville was reported going fast at
between $9.50 arid $lO, as compared
with $6 90 last year.
Farmville's estimated sales were
250.000 pounds al from $lO to sll.
while sales at Williamston were run
ning around $lO as buyers made in
roads on 85.000 pounds.
Prices at Ahoskie were reported
from 30 to 43 percent higher than laat
year’s with a break of 150.0000 pounds.
Common grades wepp about twice as
high as in 1931. The Bank of Ahoskie
reopened today for the first time since
December, 1931 to handle the business.
Smithfield had the smallest open
ing sales in years, with about 100.000
pounds selling for an indicated aver
age of $12.50 per 100 pounds.
Around 60.000 pounds were dumped
on floors at Washington, where cheap
er grades brought two to three times
wnat tney did in 1931.
The first two rows at New Bern,
containing 3.680 pounds, sold for an
average of $7.38 per 100. against an
average of $9.28 last year, but todavs
grades were much lower than those of
1931.
AVERAGE AT ZEBITLON IS
ANNONCKD AT Sls-55 SUM
Zebulon. Sept. 6.—(AP)—Tobacco
prices here today averaged $15.55 per
100 pounds, almost twice that of open
ing last day laat year. Sales were un
usually small, only about 15.000 pounda
(Continued on Page Three »
GEORGIA'S TOBACCO
CROP 11,603,435 LBS.
Atlanta, Ga.. Sept. 6. —(API—
Georgia farmers sold 11,603,435
pound* of bright leaf tobacco dur
ing the 1932 season for $1,2*7.606-
64, Marcus McWhorter, statistician
of the State Bureau of Markets,
announced today. The average
price per pound was $9.41.
Seek Motive;
For Suicide
Os Producer
Jeal Harlow’s Hus
band of Two Months
Found Dead In His
Hollywood Home
Hollywood, Cal.. Sept. 6.—(AP)—ln
an effort to “uncover a motive for the
apparent suicide of Paul Bern, motion
picture producer. Inspector of Detec
tives David A. Davidson announced
today he would question Jean Harlow,
screen star, who married the pro
ducer two montha ago.
Davidson said he would call on
Mjss Harlow at the home of her par
ents as soon as he received word the
actreae is In a condition to be inter
viewed.
Miss Harrow was reported near a
collapse today. Although Davidson
said there was no deftibt in his mind
that th* death of Bern whose Ix.dv
Was- found yesterday in his Bevel ty
1 Hills home, was a suiride, the inspec
tor said he wap ted t( clear up all
[ angles of the case.