PAGE FOUR
UENOEHSON DAILY DISPATCH
■rtrtltoht* AfM< IX ttt4>
FlhllaM iwr Alfrao#* Bxmt
§»nd«r By
■JBNDK2ROON DIIPAI'C* CQ„ DlOh
•t 10 Youc Street
HENRY A DENNIS, Pres, and Editor
If. L. FINCH, Sec-Treas and Bua. Mgr.
TELEPHONES
Editorial Office * »•»
Society Editor
Buelneee Office 61$
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and the North Carolina Press Associa
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also the local news published herein.
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FOP ALL-A LI.
El—ds»Ui»n»Tbi».»>t«sp»iit>ek-fnlsUte 5j
THY ; KEEPER: The Lord is thy
keeper; the Lord is thy shade upon
thy right hand.—Psalm 121; 5.
TODAY
/ i •
TODAY S ANNIVERSARIES
1779 Peter M. Roget, English phy
sician author of the notable ‘‘Thesau
rus of English Words and Phrases,”
horn. Died Sept. 12, 1889.
1872—Daniel Webster, famed Mas
sachusetts' senator, cabinet officer,
orator and lawyer, born at Franklin,
N. H., Died at Marshfield, Mass., Oct.
24* 1852.
1813—4Seorge R. Graham, a noted
American magazine publisher of his
day, born in Philadelphia. Died at
Orange, N. J., July 13, 1894.
1850 -Seth Low. Columbia Univer
sity president. New York City mayor,
born in Brooklyn, N. Y. Died Sept.
17, 1916.
1856 Willis L. Moore, noted meteo
rologist, Chief of the U. S. Weather
Bureau, born at Scranton, Pa. Died
at Pasadena, Cal., Dec. 18, 1927.
1857 — William Burgess, pottery man
ufacturer, U. S. tariff commissioner,
born in Brooklyn, N. Y.J Died Nov.
21. 1929
1875 -Albert H. Vestal, noted In
diana congressman, born in Madison
Co., Ind. Died in Washington, D. C.,
April 1, 1932. i
TODAY IN HISTORY
1535 Lima, Peru, founded by Pizar
ro. ‘ ' 11
1802 Detroit incorporated! as a
town.
1871 German Reich founded.
1912 Capt. ; Robert F. Scott of
England the second >to reach the
South Pole a month after Amund
sen of Norway. ••
TODAY’S BIRTHDAYS
Thomas A. Buckuer, president of
the New York Lif e Insurance Co.,
born at Bloomingdale, 111., 68 years
ago. {
Dr. William T. Foster, director of
the Poliak Foundation for Economic
Research, Boston, born there, 54 years
ago- )
George M. Putnam, New Hamp
shire’s noted Farm. Bureau Federa
lion director, bom at Hopkinton, N.
H., t>9 years ago.
Thomas E. Campbell, ex-governor
of Arizona, president of the U. S.
Civil Service Commission, born at
Prescott. Ariz., 55 years ago.
Judge Charles F. Parsons .associate
justice of the Supreme Court of Haw
aii. born at Mankato, Minn., 61 years
ago. j *
A. A. Milne, celebrated English
juvenile writer, playwright and nove
list, born 51 years ago.
TODAY’S HOROSCOPE
Here Is a life of success, if there
is a proper leading. It may be lost
in contemplation or absorbed in am
bition. With education and a right
life, there is great strength; without
it only mediocre success due princi
pally to definiteness of action.
Senator Bailey Says He
Battles Evils of Drink
By Fighting for Repeal
(Continued from Page One.)
vlcmaly stated, to go in for statewide
prohibition. Thereupon Editor Bailey
wished his associates well but he re-,
signed, and within three months a
paid secretary was working to put
those remaining 168 saloons out of
commission, not by virtue of major
ity sentiment in the towns where
they were operating, but by mandate
of the voters elsewhere.
True. Editor Bailey himself voted
for statewide prohibition (he admits
that »he instinct of loyalty is strong
in him. even though he may not
wholly approve of his own party’s po
licy) but there is no mistaking his
view that communities of much less
than statewide proportions should do
their voting separately on such ques
tions as the wet-and-dry issue.
Thus far it seems reasonable to
catalogue Senator Bailey among the
drys.
It does not follow, either, that he
is a wet mtnely because he favors re-
“Passive Inflation” Going On
In United States For Past Year
To Bring On Cheaper Money
,Read How Federal
Reserve Banks Are
, “Making” Credit
(This is the fourteenth of a seb
rles of Wries, easy-to-read sketches
on problems facing the incoming
president of the United States)
By LESLIE EICHEL
A “passive inflation” *of . the cur
rency of the United has been
going on for the past year.
No less a person than Sir Arthur
Salter, world-renowned British econo
mist, has approved) that policy in
these words:
“Your Federal Reserve system in
the past year put an end to hoarding,
of panic and the withdrawal of for
eign balances by deliberately making
money cheaper and more plentiful.
I hope you will persi stin this policy
and will aim not merely at stopping
the fall of prices, but helping them
up. After deflation, the world needs
reflation.”
How Has It Occurred?
Now, how has this Federal Reserve
board “reflation” occurred?
A financial publication—Bradstreet’s
—explains in the following words the
“passive inflation” that has been tak
ing place In the United States:
“1. The increase in gold stocks and
gold production. This country’s mon
etary gold stocks have increased $571,-
000.000, or 11.8 per cent, since the low
point reached during the last week in
July. One dollar of gold may serve
as the ultimate base of sll in credit
and currency. Gold production for the
current year is estimated at $468,000,-
000, equal to f?he record of 1912.
“2. Normally a little less than one
half the annual production is con
sumed in manufacturing and for the
arts.' During the past two years non
monetary consumption of gold has de
clined more than 80 per cent, leaving
a corresponding amount available as
a base for money and credit.
India Disgores
“3. India during the period 1914-
1931 absrbed each year on an average
$79,000,000 of gold. During the year
and a half from January, 1931, to
July, 1932, she disgored $230,000,000 of
her previous accumulations. If the
world’s stock of gold in 1929 was ade
quate for its monetary and credit
needs, that stock in the light of these
augmentations : aand .reduced price
levels and iow business activity is now
excessive.
“4. The deficit of the federal gov
ernment during the past two and a
half years amounts to $5,422,000,000.
It has been financed through loans
which have released to the banking
community an equivalent volume of
securities which in tur* may be used
as a basis for credit and currency ex
pansion . !
"5. A large part of the federal debt
under aq amendment? to the home
lean act is eligible as security for nac
tional bank notes.
“6. Every form of the debt is elig
.submission of the eighteenth amend
ment, for there are drys who favor
that (on the ground that the country
is entitled to vote on it, if it wishes)
although they intend to do their best
to prevent the necessary 36 states
from ratifying repeal.
However, no one can possibly ex
amine his record carefully without
arriving al the conclusion that the
North Carolina senator is a repealist.
And a repealist is a wet, according
to all prohibition reckonings.
I have carefully dodged quoting the
senator. He insisted on it. But he did
'ell me I might quote him as as con
concluding:
"I am trying to diminish and if
possible extirpate the eveils of drink."
And he added (as I interpret it. I
am permitted to quote this also):
‘‘Mind, I do not say I am trying to
extirpate drinking; I am trying to
extirpate the eveils of it.”
Firestone Converted
Russell Fires ton*
One of the newest converts to
Buchmanism, First Century Chris
tian Fellowship movement, is Rus
sell Firestone, son of Harvey Fire
stone, Akron, 0., rubber magnate.
Firestone, at one of the group’s
public confessionals in New York,
said, when he was a student at
Princeton, he thought the chief
aim of life was to have a good
time. Now the movement has
brought him peace and happiness
anew kind of life, he says,
HENDERSON, (N.C.J DAILY DISPATCH WEDNESDAY, . JANUARY 18, 1933 ' *
ible as a base for Federal Reserve
notes up to 60 per cent of their vol
ume. \
Securities as Collateral
“7. The securities of the federal
government qualify as collateral for
member bank loans which may be
used to increase reserves upon which.
571,q( M/
additional currency may with
drawn or bank credit built.,
“8. The resort of the government
to the capital market to pay its bills
taps comparatively stagnaant capital
and sends it into more active chan
nels of circulation.
“9. The use of federal funds by the
■Reconstruction Finance Corporation
spurs new enterprise and arrests fur
ther deflation by preventing bank fail
ures and keeping railroads out of re
ceivership.
“10. The Federal Reserve banks
hold $1,857,000,000 government securi
ties in their portfolios. Every time
a Reservtf bank buys $1,000,000 of
governments, it places $1,000,000 of
reserve money a* the disposal of the
market.
“This credit is at once lodged in
banks and is used by them for one of
three purposes .j They may withdraw
an equivalent amount of currency,
reduce , their debts to the Reserve
banks or increase their own reserve
accounts. In the first case it halts
the deflationary pressure o fadded
currency demands by depositors. In
the second it relieves the banks of
the sense of debt. In the third it
provides a reserve credit base which
the member bank may use in expend
ing its own loans and deposits.
“11. By keeping the rate on accept
ances and the discount rate on mem
ber bank loans low the Reserve
virtually control the/ open market
money rate. In this they are aided
by the treasury, which floats its short
ttfrm loans on a basis consistent with
the Federal Reserve money policy.
These open-market rates are now and
have been for some time at the low
est levels in history.”
And still business is stagnant be
cause of lack of trade.
'Next: Can Cheaper Minify Help
the Frjrmer?
FIGHTONWET
BUREAU IMMINENT
Kirkpatrick Would Abolish
It and Put Authority
In Treasurer
Dnlly DiMpßtch Itnreni,
In the S*r Walter Hotel.,
nv J c. BAVKKHVII.L.
Raleigh. Jan. 17.—Senator Kirk
ptatrick. of Charlotte, announced can
didate for governor in 196 and arch
foe of governmental bureaus, has
drawn up a bill for early introduc
tion which expressly forbids any de
partment head from spending more
than the legislature allocates him,
but which is also designed to pave the
way for abolition of the budget bu
reau, it was learned here today.
The Mecklenburg Senator’s pro
posal. which he has submitted to Gov
ernor Ehringhaus for his considera
tion, is in line with the senator’s an
nounced policy of “putting the gov
ernment back into the hands of its
constitutional officers where it be
longs,” and would impose a heavy
penalty on any department head who
spends one penny more than the leg
islature appropriates to his depart
ment.
The proposed bill, in its present
shape, would place all funds of the
State under the “control supervision
and direction” of the State treasurer
for disbursement. After the legisla
ture appropriates the money, no funds
would be paid out except on a war
rant signed by the head of the de
partment making application and
counetrsigned by the State treasurer.
This would eliminate i.he work of
the budget commission and the op
eration of
placed the power of apportioning ap
propriations in the hands of the Ad
visory Budget ComUmission. which
is enabled at any time to scale al
lotments on the basis of incoming
revenue, which in recent years has
never been as large as the legislature
hoped, it would.
While Senator Kirkpatrick is
known to hold no opposition to the
principle of North Carolina’s keeping
within her income, he is unalterably
opposed he said to thi sbureau today,
to placing the job of treasury watch
dog in the hands of a commission
when the task could be periormed as
efficiently if it were placed in the
hands of a constitutional officer of
the State.
Senator Kirkpat l| as pt
has been tentatively drawn, makes
no specific provision for the carry
ing out of the watchdpg policy of the
budget commission, but it would pre
vent any department from spending
more money than should be allotted
to it by the legislature. The plan
would work effectively, it has been
pointed out, if the legislature should
be ablb to predict accurately the
-State’s income, and make its appro
priations accordingingly. But i nthe
light of past experence, such a pre
diction would be guesswork.
It is not considered likely that Senr
ator Kirkpatrick’s proposed bill will
have the endorsement of the present
administration as Governor Ehring
haus is kindly disposed toward the
budget bureau. It is understood that
the budget act as the best piece of
legislation enacted in North Carolina
in a good many years. The budget
system was introduced at the begin
ning of the McLean administration,
and was credited by Governor Gard
ner with enabling the commission to
step in and save the State millions
of dollars by apportioning to the va
rious departments only the amounts
needed to carry on their work.
“THE QUILL”
Published by the Pupils of
Epsom High School I
Helen Gray Kearney, Editor-in-Chief
Feeling that a few flowers scatter
ed along life’s pathway are preferable
to a profusion when life is ended, on
behalf on the Senior Class the writer
desires in her feeble way to pay tri
bute to one of the best friends a class
has ever had —Professor Julius A.
Woodward. When he became princi
pal of our school in 1926, upon the
completion, of our new building, he
was the embodiment of our childish
dreams. Handsome, intelligent, mod
est an dunassuming, he soon won our
hearts as no other principal had done,
and that devotion has been strength)-
ened with each passing year.
As our school days are drawing to
a close we realize how fortunate we
have been to have had such a never
failing counselor and friend, one who
has left his imprint upon our lives
by example rather than precept. We
have not been as studious, helpful,'
and appreciative as we might have
been, but this failure on our part has
been a nerror of the head rather than
of the heart. Our sincere wish is
that Professor Woodward will en
deavor to forget our many shortcom
ings, and remember only wbat few
good traits we may possess.
We cannot tell what the future
holds for the egihteen members of
our class, but we do know Professor
Woodward will ever rejoice with us
in an yrpeasure of Success we may
attain, ad will sympathize with us in
th e disappointments that attend us
on life’s way. •
We had planne d'to teach last Sat
urday to make up for one of the days
lost following the Christmas holidays,
but the snowfall of Friday caused a
change of plans. From the merry
twinkle in tlhe eyes of some of the
students they aat her welcomed the
snow, but when the warm days come
and we get spring fever, no doubt we
will all wish we had made up some
of the lost time during the winter
months. ;
SPORTS
Old man weather seems to have it
in for the Epsom basketball teams.
So far we have only played two
due to the weather. We were con
fident of winning victories over the ■
Youngsville teams last Friday, but we
realize that sometimes “pride comes
before the fall,” and perhaps the
snow saved our pride.
SENIOR CLASS
Os course like all seniors, we are
naturally fond of each other, but now
we are especially proud of one of our
members, Helen Gray Kearney, who
won first place in the essay contest
entitled “The Effect That Voting off
the Extended School Term Would
Have on Frankln County” sponsored
by the American Legion.
Helen Gray is also editor-in-chief of
the school paiper and those who read
“The Quill” can judge how talented
she is in this work. Besides her re
ceiving a medal, for this honor our
school will receive the cup for one
year.( This souvinir we will leave to
spur the juniors onward!
P. T. A. REPORT
The P. T. A. of Epsom high
school met on Thursday night, Jam-
Marriage Veteran
mmm
Mr*. Lucy Flittner
With seven husbands to her
credit, 39-year-old Lucy Flittner
of Evansville, Ind., believes she
is well qualified to teach the new
matrimonial course at Butler uni
versity, Indianapolis. Mrs. Flitt
ner now is enjoying her seventh
honeymoon, having divorced her
first half dozen mates. “There's
a lot to this marriage business
that these college fellers
don't know about." Mrs. Flittner
asserts. She has filed her applica
tion with Dean Albert Bailey of
Butler university, " 1
j “To the Victors Being the Spoils”!
uary 12, 1933. Due to the fact that
there is much sickness in the com
munity, our attendance was not as
large as it was a‘t the last meeting.
The seventh grade has been fortu
nate in securing the honor prize in
the highest percentage of parents pre
sent for the past three meetings. Get
busy ggrade mothers, teachers and
children and get your parents out and
make your grade win. ]
The program given by the Boy and
Girl Scouts of Epsom high school was
well rendered and instructive. Wej
rejoice in the progress these boys
and gijjls are making and feel proud
of them. The P. T. A. is always
ready And willing to help you in any
way possible. i
The social committee served am
brosia fend wafers. This is* always an
enjoyable event at ,our meeting.
The next P. Ti A. meeting will be
held on Thursday night February 2,
1933 and 7:30 o’clock. The topic for
discussion at tins eeting will be “In
terpreting the Schools”. An inter-
CROSS WORDPUZZLE
“***■* |8 Is' 110 JH
13 ’ " \4
is ~ li n ”
23 ST ZS 27* 29*
32 djjji - -
r l
38 39 40 4-1 -42 43" -44*
45 mm 4€T 47 ~~ *"*"
43 50 51
®2 53 ’ 54
iiii
ACROSS
I—Former chief justice
s—Half type measures
B—Bedouin
12— An Arctic base
13— River mouth
14 — Girl’s name
15— Distribute
16— Entire
17— A fratricide
18— Separates
20—Musical dramas
22 American general
23 Covered 26—Ensnare
30— Atmosphere
31— Fuss
32 Folds in strips
35—Child s light boot
37 Describes
38 — The whole
41—Stem of the genu9 Calamus
45 Understands
46 Mother of mankind
48— Cripple
49 Not at all
60—Hebrew month •
51 —French sword
5 2—Te rm inat os
53 —Devour
64—Tear
* DOWN
1— Spreads loosely for drying
2 On top of
3 Descend
4 Not a pagan
5 Elided 6—Nothing
7 Daughter of Herodias —^
8— Render emphatic -~—
Beuow,
esting speaker is expected. Don’t
fail ,to coe!
Miss Pattie B. Lamm, Reporter.
MANY GAME LAWS
FILLING HOPPERS
Daily Dispatch Bureau,
In the Sir Walter Hotel.
«V J. C. BASKKRVILt,.
Raleigh, JaH. 18. —A multiplicity of
bills affecting North Carolina’s game
laws are finding their way into the
hoppers of both the House and Sen
ate, but many of them pertain only
to several counties. Bills have been of
fered in the Senate repealing the resi
dent licens tax on hunting and fish
ing, while another bill would abolish
the office of State game warden and
transfer his duties to the department
of conservation and development.
Ip a new book titled “Dangerous
Corner” one of the characters is made
to say “Telling the truth is about as
healthy as skidding around the cor
ner at 601” '->*
10— Elaborate solo
11— Formal announcements
19—Playhouse
21—Wife of Epinietheuf
23 Head covering
24 — Lubricant
25 Form of to b*
27 Rodent
28— American humorist
29 American poet
33 Ascends
34 Drive air audibly through
the nose
35 — Deprived
36 Groom
38 —Anglo Saxon slave
S 9 Newly discovered element
40—Conduce
’42—Tie
43 Word at the end of a pravet
44—Want
47—By way_of
Answer to Previous Puzzle
Irlels trjj (Alchrfel
-hah
L.O& GES „ NS A, RbAO T
o^ilb§gorlpoi
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S -OKRA,|s AN/E.J_
ILN|EkiPL|AD a
AkAINEgjUSIsOL
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' jjg[§c*s
JAMES C. COOPER
Hf WISt
INSURANCE $ E * V
PHONE £o4^
w$S HENDERSON , N.C.
SUMMONS
IN THE SUPERIOR COURT
STATE OF NORTH CAROLINA:
COUNTY OF VANCE
Gertrude Ward Hunt
Vs !
Booker T. Hunt
The defendant Booker T. Hunt will
take notice that an action entitled as
above has been commenced in the Su
perior Court of Vanqe County, North
Carolina ~to obtain an absolute di
vorce on grounds of five years sepa
ration ,and also to gain permanent
custody of the children of the mar
riage; and the defendant Will further
take notice that he is required to ap
pear at the office of, the Clerk of the
Superior Court of Vance County, in
the courthouse in Henderson, N. C.,
on the 4th day of February, 1933, and
answer or' de ; mur to the complaint in
said action, or the plaintiff will apply
to the Court for the relief demanded
l'n said. complaint.
> This 4th day of January, 1933.
HENRY PERRY ,
Clerk of the Superior Court, Vance Co.
Gholson* & Gholson,
Attys. for Plaintiff.
i
NOTICE
Default having been made in the
payment of those bonds v secured by
that deed of trust dated the 7th day
of January, 1924, recorded in Book
117 at page 440 in the office of the
Register of deeds for Vance County,
N. C., executed by Daisy Brame, and
at the request of the holder thereof,
the undersigned Trustee will offer for
sale and sell to the highest bidder for
cash at the Courthouse door in Hen
derson, N. C., on Wednesday,, Jan
uary 25, 1933 at 12 o’clock midday, the
"following described real estate:
Begin at a pin in Henderson road.
Harris’ corner, along the road N. 67
E.;7.30 chains to a private road
along said private road S. 13 E. 1.45
S. 15 E. 3.60 S. 33 E. 1.80 S. 4 E.
chains S. 9 1-4 W. 1.25 S. 5 E. 3.45
2.20 S. 2 1-2 W. 3.20 S. 8 1-4 W.
13.09 chains to a white oak in Grove;
thence along another road N. 84 W.
3.65 N. 89 1--2 W. 4.50 chains to a
pin, Harris’ corner; thence N. 2 E.
27.30 chains to the beginning, con
taining 24 3-4 acres.,
This the 23rd day of December, 1932
J. P. & J. H. Zollicoffer, Attys.
*A. A. ZOLLICOFFER, Trustee
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