PAGE FOUR urmbm/TmTatoi 00. dkx at 19 T*aag MnW OTBNftT a' dinNII, Prae. M* WMtor M. k HNC'S. jw-Trui and Bw, Msr. TMLIPaodM C4Ubital OtflM M* soaiatF Mtw •}? Suataaa* Offlca *l* A« fhiKltnon Daily Dlnpatob I* a *—mw» or iho Associated Prom. Newe -00900 Botorprlao Association, SoUtb »rn Newspaper Publishers Association trttf thw m>rth Carolina Proa Aoooola do* Ttoo Associated Press la sxclaslvsly (•> ne fer republlcatlod all' novo dliptlcAM or edited to It or aot Jtharwtae credited la this paper. and ilao the local nowa publlahad herein. All right* of publication of apodal IMparcbeo herein aro a too reserved. ftmcmprioK nuem. P«T*M« atrtrtlr >• Advance a Tom IS.M dta Mooibo I.fc# Three Moat bo I.M Par Copy H MOTKI TO StaatRIBMA Look at tho printed label oa yoOl paper. Tho data thereon an owe when 'ho aubocrlptloa expires. Forward rour money in ample time for re ar wal Nofloe date on label carefully and (▼ aot correct, pleaae notify ua at >noo. Subscribers desiring tho addreaa >a their paper chanced, pleaae state Ip their communication both tbo (11 n and NEW addreaa. tadoaal itrirtultg Representatives I«**T. U»UH A KOfIN tH Park Avenue New ferk City; II East Wsaber Drive, Chicago; Waltoa Building, Atlanta; Security Bulldlug Vt. Lonli. at the poat office tn Hender **■ "• C., as aecond class mall matter i.mtm wnvi-*u rei cnatsr A v IMK1» / tk mm I i7iOiaiaa»aem»onarnA wmgna SAFE FROM ALL EVIL: The Lord shall preserve thee from all evil: he shall preserve thy soul Psalm 121:7. THE JOY OF THE BELIEVER: Be .triad in the Lord and rejoice, ye right eous; ar>d shout for joy. all ye that are upright In heart.- Psalm 32: 11. "fiOINO FI LL BLAST.” To the thoughtful consideration of the citizens of this community we commend the following appearing in a full page ad of the New York Times Much has been said and written re garding the result of the recent elec tion. The combination of causes that produced a veritable tidal wave in favor of a change in the administra tion has been adequately discussed and analyzed by experts. As to these we make no commend. Whatever the ihusch, nowever, the verdict of the electorate should be ac cepted by all. and apparently is being generally accepted. In a spirit of good sportsmanship and good citizenship. Now that the uncertainty and ap prehension of the pre-election period are over there is greater need than ever before tor an impressive nation wide declaration and demonstration ct faith on the part of business lead ers faith in ourselves, faith in the future, in the soundness of our flnan cial system, the stability of our eco nomic order. That the sound and constructive wortc of the present, administratloi will be continued there can be nc reasonable doubt. That the incoming administration will, with zeal and efiergy and sincere devotion, addrest itself to further efforts in the way ol reconstruction, cannot be questioned Tha Government has already done much to bring about economic reoov try. ft can and doubtless will do much more. But the rate at which the speec of recovery can be accelerated wll depend very largely on the attitude and action of thousands of executivei in business enterprises throughout thf country. The demonstration of faith now sc urgently desired can manifest itsel. on the part of manufacturers by ar 1 ranging for plant reconstruction ant 1 the replacement of obsolete equip ment. not necessarily as a means oi increasing output but rather with e view of reducing costs and refining products; and by manufacturers wholesalers arid retailers generalh making reasonable advance commit ments for commodities and supplier There are vast financial reserves ant adequate buying power which, if re leased In part at this time, will re sult in tremendous good. In the foregoing suggestion thert la no thought of urging a repeltion o! the aibortive ’‘Buy-Now Movement” ol 1950 which failed because it was ill timed and made its appeal mainly tr consumers. The policy here advocat ed is one tljat should be adopted by those who have it in their power to dfttlQy art in motion plants now jfi lel to relfev* the unemployment situ ation and to improve purchasing pow er. A policy of this kind will not on ly react to the benefit of hte particu lar firms who give it their support, but will further contribute largely to the national good. A challaneging opportunity and se rious responsibility now confront the business leaders of the Nation. Will they grasp it eagerly? If they do oui Nation will rapidly tally from the economic lUs which have so long as sailed it and once more start its re sist less forward march to new goals of achievement and new goals of ac complishment. And let u« remember that while faith is an excellent thing. "Faith without works availeth not.” Con fidence translated into action is the need of the hour. That way Victory lies. TODAY TODAY’S ANNIVERSARIES 1726- -OBlver WolocM, Connecticut Signer of the Declaration of Independ ence. governor, bom at Windsor, Conn. Died at Litchfield. Conn., Dec. 1, 1797. 1731—William Cowper, English poet,, bom. Died April 23. 1900. 1792—Sarah M. Grimke, noted abol itionist and woman suffragette of her day. born at Charleston, 8. C. Died la Boston. Doc. 23, 1873. Robert BAttest, noted OecFgU. physician and sutgeotv. born at Au gusta, Ga. Died at Rome. Ga., NoV. 8. 1893. 1832- Mary WWker, dteHngulshed American physician and picturesque character, Civil War surgeon, suffrw i get te, authorised by Congress to wear male attire, born in Oswego. N. Y. Died near there. Feb. 21, 1919. WOT W HffWTOflY 17 Thaaiemglving Day by Procla mation ol President Washington. 1839 —First street railway in coun try began opera Mon in New York City. 1931—*18 Americans and Europeans among kilted in Chiaa.Japan fighting. to ways marrow#** Angelo Patri, noted author and au thority on children, bom in Italy. 55 years ago. Rear Admiral William W. Phelps, U. 8. N., born in Baltimore. 63 yeare ago. Tom Wallaoe. noted Louisville, Ky. editor, born in K-entucky. 58 years ago. Albert B. Fall Secretary of the In terior Under Harding, born at Frank fort, Ky., 71 years ago. Sir Aural Stein, famed British ex plorer and archaeologist, born 70 years ago. TODAY’S HOROSCOPE This day gives a nature that is as. fectionate. and a mixture of the dem onstrative and the cautious It may even appear secretive until the mind Is fully made up. There is consider able daring and perhaps a love of the contentious. When the nature is fully comprehended it will be found to be well worthy of regard. Hi h JAKES *ASWELLT g New York. Nov. 26—Cecil B. De- Mil le is the sort of husky, windtbumed gentleman you'd expect to find in put xes with shirt open at the throat. Curiously enough, that's the way you Jo find him on the lot. He's the only Jiiector I can think of who doesn’t a:ok a bit ridiculous in tht new charac teristic directional garb —and he start »d it. He told me the other afternoon, *ust on a brief visit to see the pre miere of ’’The Sign of the Cross," that he is a collector of fan mail and a conolsseur of it. He has plenty, too. of all varieties, hot, freezing, lukewarm and crank. The letters are bound In large leath er volumes, classified according to cm per. timber and tempo. H© still tets letters on his "King of Kings'— TMXSt of them touching on the religi «ua aspects of the film. One lady uggested that he be done away with forthwith for ‘’commercializing holy htngs." WWILLE COMEBACK . There was a crowd, composed prin cipally of young newspapermen, around th* director when he reveal ed this thrust. One of them, from a uald morning sheet, whispered in my ear: "And there wasn’t any answer to that one, if you ask me!” The newshawk didnt know his De. MUle—who wrote his accuser a single sentence byway of answer: “Did you pay for your Bible, ma dam?" VOVEL SETTING This reporter has horned Into some •dd festive gatherings in this town, held amid various and sometimes bi 'arre surroundings. But recently I was present at the first- soiree on a lounge-car parked in the Pennsyl vania station. And what a lounge-car that was! Ladles and gentlemen, you can strike .me down if there weren t a swimming pool, gymnasium, dance floor, orch. -stra, motion picture theatre—and r niche for a bridge instructress to hold fourth. I wandered around at a loss, ! tying to decide whether I had board ed one of those smaller transatlantic liners by mistake. This, then. Is the latest bid of the railroads for the Florida winter trade. It was whispered in my ear that I haunt seen nothing yet. that I ought lo drop around before the train pull ed out and onceover the attractive hostesses who would be aboard to make life even more glamorous for the travelers. NEW FOREIGN COUNTRY Sign glimpsed from a taxi speed ing along Astoria boulevard: Genuine Imported California Grapes.” believe it or not My mail. lik e that of most other* who scribble in the asphalt of Mad hattan, groans with mimeographed; sheets giving me the towdown on va. rious forthcoming movies. Im going to print one from. Co lumbia Pictures just as It arrived be eause, although I’m willing'to believe . almost anything where the movies are contorted) my eyte are s/ll wdde! over this: Shirley Palmer and ‘Dutch' Hen drian have been added to the cast of 'Air Hostess,' a story of the adven turous girts who fly the great trans atlantic planes for a living.” PEEVES Radio spielers who talk Intimately about their “friends" among the great the world, and then mispronounce the notables’ names . . Drunken taxi drivers . . . The failure of the police to do something about the droves of metrudtcants who ha unit Washington Square - • . Vocalists In apartment houses . . . Arguments over the new rules of contract bridge • • Jo*- K. Brow*. HENfIBRBON, (F.C.J DAILY MgPXWS SATfTRDAT, NGffilKSffß it, By My Hafidont? A Romance! •£* £ - Jovial John Nance Garner, Vice President-elect of these United tax 'Ursulas s h .r. tzz ih ? -St'« p-rch-d on .he f££,TuSjn-. .'? gratuktionn on his sixty-third birthday. The vL Pre.”de„‘t"el«t*seem.' to be takinj he. blandishments with reservation; Many Opportunities In Domestic Bonds Remain But Investment Should Be Made With Utmost Care; Money Plentiful for Safe Investment and Is Press ing For Useful Employment Right Now BY ROGER W. BABSON. Copyright 1932, Publishers Fin ancial Bureau. Babson Park, Mass., Nov. 26.—In vestors should bear in mind the in fluences at work for better bond prices. The fundamental improvement tn business which got under way last August means better business and better earnings next year. Corpora tion bonds are still being neglected in the rush for U. S. Government is sues. While Governments are soaring close to the highest points reached since thy were originally floated, good j dbmestic company bonds continue in the doldrums. This process will be reversed as business improves. Gov-i ernments will be sold heavily in favor j of sound corporation issues. In view of the depressed levels at which the j latter are now selling, prices can jump up in a surprising way. Hence! not only from -the standpoint of good but also for appreciation in capital, many corporation bonds ought to be bought and held. Funds Pressing for Investment. A great oversupply of funds in the , principal money markets is pressing 1 for profitable investment. Excess re serves of the member banks reached ! a new high peak for all time last week. Money is so cheap and plenti- i ful in New York that the Clearing' House Ranss are considering discon-' tinuing interest entirely on demand deposits. Call loans are bringing only ! a nominal rate of one per cent and - even that is largely fictitious. Ninety-' day bank bills are at one-half per | cent. In other words, the short term! money market is so cheap that banks j must soon be forced to seek olherj outlets for investment. Banks have been much criticized for keeping too! liquid, but the banks will be only too glad to put their funds where they,* can earn a fair return as they grad-.: ually become convinced of stqb-! v '-lty of the current ;buai**ssf impt-rfve ment. -. !.' ■ ~ T "j When tha 'brHvk .buying of bonds really starts it will boost prices very rapidly. Not only banks, but insur ance companies, trusts, and other large fiduciaries have huge surpluses of dquid capital Teady jfor invest ment as confidence gains and busi ness profits reappear. Add to that the buying by individual investors and it is easy to visualize an advance in corporation bonds that will make their advance since the panic lows of May 1932 look very small Indeed. Globe-Girders Welcomed Home |jf§§§§ ,RL '■ S I JR^ L I : * 4p 5 MQHHHI iHi In* jWbriyyfcr' -;flMr JVUSWppHHHIBHHp|K , >!j V £ *» L,> ■ „• ..* B*ck home after their successful flight around the world, Capthih Wolfgang Von Groaau and his intrepid crew of three are shown in the* cockpit of their flying boat as they arrived at Friedrichahafen, Germany. A tremendous welcome was accorded the adventurers as their plane waa hoisted froaa the wated in* tte hangar, aa shown. From May 31 to date the domestic bond average has advanced 15 points. Still It is 20 points below the high of 1931 and 25 points below 1930. While the extremely high yields of 7.5 per cent and more on sound bonds which prevailed last spring are now reduced, to around 6 per cent or under, the return is still very attractive consid er ing the extremely low rates on short term loans and deposits. Both from the income and profit stand j points, therefore, well-selected bonds j now offer excellent opportunities, j -Supply of Good Bonds Reduced. In the securities markets as in com ! modities the iaw of supply and de j nmnd must be reckoned with. Actual !ly the supply of good corporation 1 bonds has been substantially reduced in recent yean?. This has occurred in three ways tl) Through heavy re demption calls in 1929 and 1930 (21 Through maturities <3> Through lack of new issues. Whertas from 1027 through 1929 there were $11,456,091.- 000 of corporate bonds asuo 1. «bere have been only $6,642 793.00 G issueu from 1030 through 1932—a decrease •..( -‘,2 per cent. Market conditions have lately been Mich that new fi:,.ar»cmt: - wis virtual’'-' impossible, ’t his all r.-.eans that when bond buying | **t-its in ea-nei-t the sound bonds that ! are now going begging will be eagerly I snapped up. There will be a shortage of suitable bonds just as there will be ! a shortage of~~goods. With improved ; business many second grade bondfe ! that have survived the trials of the I depression will score remarkable ad j vances. This applies to some rails as i well as utilities and industrials. I ! foresee when the only type of bond that is in oversupply will be U. S. ! -Governments and municipals; and domestic 'Corporation bonds will aver ! ags much higher than at present. Fear*, of inflation are probably ! much exaggerated. Even if there i should be a moderate inflation, cor \ poration bonds now selling largely on the basis of earnings would stand to benefit even though Governments and other gilt-edge securities should de cline.! Furthermore, the new admin istration will be very careful about tinkering with the currency, and any inflation that we have would be one of credit rather than ’greenbackism.” The bond advance may be interrupt ed from time to time as difficulties incident to balancing the budget and tha necessity for new government fi nancing create uncertainty. However, More Engineering Problem#! business is weil enough on the road to recovery now so that we may look for the solution of these problems without the paralyzing fear which up set ail markets in the early part of -1932. Invest on Hte Baals of Character. Great discrimination must accom pany investment at this time. The bargains are there but they must be carefully chosen. Special situations exist Where receiverships lean pro bably not be avoided. In other situa tions capital structures need read justing. However, careful choosing of bonds at this time will pay large re wards in the future. Above all make selections in those companies noted for their upright, capable, and con scientious management. Physical as sets are not enough. This depression has shown above everything else that it is the type of the men at the helm rather than the values shown on the books that determines the worth of any investment. Business as registered by the Bab CROSS WORD PUZZLE ] nm rr p k —>—*_ k p- WCZZ'JBEZZzM ass HI ** “ l" ,m jas £& ACROSS I—Uiteouth 4 —A seasoning I—To venture 9—To let slip from mind 1 1 — Constellation 12 — To lose feathers IS —Mythical maiden 14— Symbol for magnesium 15 — Any air vehicle 1« —To be busy 17—Peasants I*—Thua 50 — Rodents St—Saltwort 24 Recording secretary (abtJT) 25 As if dead 27—Pdotlike A 4 29—Lacking color 51— Adjective suffix denoting comparison. 32—Half an era SJ—Weed 34—Sole persag • console f 17—Death notice • IS—Kind” 1 i J9—Noble DOWN I—Greater i—Period of tin» ,t —Personal pronoun |4 —Single perform too* •ib—ttmniaf' * sonchart now stands at 13 per cent below a year ago. PERQUIMANS COURT HOUSE REMODELED Hertford, Nov. 26 - ; Answer te Prwrfon* Fmk Ijwiil'lalmaeßm iniPtrr IslaUS. I This room, too. ha* been r.-c r> : , • | ed. Panel work iuns a round r.- . . tire room. In this at. ; | tures of all th e master- <.f since its organization. Work la believed ;o have b. -y-, r the original eoumrt house .n r 1728, six yeaia alter th.- lf»;-. S 'x. ordered a county scat estabk-nro .' Phelps Point, which is now the ’.«t of Hertford. Here Lx a dree er-t March 1, 1861. transferrins a iar •. of land on the Perouiman- n\>: default having been made m he p*' : ment of the note therein secured at the request of the holder of the satr.- I will sell by public auction for co at the courthouse door in Hondei 3on, N. C , at 12 o'clock tin WVdn*- day the 28th day of DereniW: 3931 the following described land.- Begin at an iron stake .1 D ley's corner on the East .-:d< ol H riett Cotton Mill street m.ti :• thence along the .side n • street, s. 58.15 E 45 9 f.-et -<> stake A T. Pame* cones he with A. T. Barn«*s line N I‘'*"" ! 88 feet to iron stakp them* > ' E. about 184 sees to brand’. - down the branch about N l-l-** " •’ feet to J. W. Oakley's corne* 'h-r • with his line N 89-15 W 228 >' the beginning. See depd book l' 4 Page 491, Register of deed- • Van«* County. This 25th day of Nov 1932 A A BI’NN T:u«'-* SEABOARD AIR LBffi RAILWAY TRAINS LEAVE IIENDEBSO* AS FOLLOWS * If* NORTHBOUND A. M. for Rloh ®°*~ WMeMngton New York. connert toy at Norlina with No M ■£ riving Fartasnouth-Norfolk 12 P. M. with parlor-dining <» * r P. M. for Rk * n **f and PnrSatnotrtb, Wastungwa Now York. _ A p. M for W** 9 ® WMMfagton and New York •-«:» A. M. for J-orU®* Norfolk Washington. »w > wf * N* SOUTHBOUND 1*1—4:41 A. M »* S *’ M T Jacksonville, Miami. Tamp*. ® t—S:45 F. M Ur R •Ml* ford, Hamlet. Columbia, Walk, MM, Tampa. 4*. V*** p. M. for Raleigh »*£ Ml Savannah. Jack*"** Mlmd Tampa. St M*"* Atlanta, Birmingham. 4—1:88 A. M. for Atlanta. Ingfcajh Memphis Par Information «■ •“ *' DEL BaMfA WHO' Oappa, TA . Hc **' m •. _