Newspapers / Henderson Daily Dispatch (Henderson, … / Feb. 20, 1935, edition 1 / Page 2
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PAGE TWO wmm Argue What They Consider Injustices of Proposed New Taxes Daily Rurriiu, 1 In ll««- Sjr Winter lliilel, Raleigh, Fob. 20.—Power and life insurance companies wore the first ro go to ,bai liere before tire joint fin ance committees in leading- off the fight against the McDonald-Lumpkin proposals to increase corporation frail chirp and insurance premium taxes in order to displace the sales tax. Tl)e life, insurance companies, rep resented by John Umstend. Jr., and Julius Smith, argued that they should rot be raxed any more than at pre sent for the reason htat insurance companies, through the issuance of policies, lessen the drain on the pub lic treasury. They submitted that but for life insurance policies, many de pendents of deceased or disabled work ers would be thrown upon the State for support. They stressed tin 1 point that iif' 1 insurant* premium policy holders and that because policy hold ers are thrifty, such a levy womd penalize thrift. They pointed out that 3k per cent of all North Carolinians ate holders of life insurance policies and that the proportion of b.-nefiei aries would ’-ttn still higher. Life insurance tympanies doing bus iness in North Carolina are already taxed at a rate that is 49 per rent, higher than the average for all the states it was pointed out. Smith also pointed out that many of tlie greatest improvements and developments in the State could TV traced directly to insurance companies because of th ir . investments in State"and other bonds, ns well as through the loans made by ip-nuance companies to policy holders to finance various private projects. The insurance companies protested the proposed increase of more than i $350,000 in th*- premium taxes, which would, have to he paid by policy- hold ers, on the that because of reciprocal agreements made by North Carolina with other states, their taxes would be increased ju 47 other stales ! in the same proportion if the Mc- Donalil-Lumpkin proposals should be adopted. This would work a greater hardship < n companies demesticated here in North Carolina than upon any 1 others, it was pointed our. The Duke power interests and the Carolina Power and Light Company, represented by N. A. Cooke and L. V. Sutton, respectively, added their pro tests to the McDonald-Lumpkin plan to increase franchise, taxes and to levy an ad valorem tax on all prop erty held bv corporations. •Sutton, who is vice-president of Carolina power and Light Company, pleaded foj consideration of the fact that his company hd reduced power rfes to consumers and that further reductions would be impossible if ad- ; ditionnl taxes are levied. “We cannot : compete with companies that pay no tax if we are to be taxed at high rates’’ he said, “and thejt Federal gov ernment through its power operations such as the TVA. are exactlv that— the TVA pays no taxes." He argued that when rate reduc tions already made are considered that, his comvanv had received no ac tual reduction in taxes. High taxes on pow r companies are reflected in high power rates, so that lopping off one end merely transfers the portion lopped off to the other end, said Mi, Sutton. N. A. Cooke, of Southern Public T'tilities, a Duke company, said, “A survey of elr-ctric rates shows that our rates are below the average charg ed in other states. On the other hand, taxes on power companies In North Carolina are a. trifle higher than those assessed by other states. Thus, an in crease in taxes is incompatible with our reduced rates." Both Sutton and Cooke quoted tax rates in other states and compared them wtih North Carolina’s taxes'. Dr. McDonald, co-author of the sales tax substitute plans, said imme diately after the hearing that power taxes levied by the State of North Carolina are high in comparison with other states when State taxes only are considered. "But,’’ said the doctor, ‘‘one must remember that there are levied local taxes as well. I am sure that our rates, when botji local and •State taxes are considered, are bevy Painful Piles <4n Quirk—X** Cutting—No Salves It takes only one bottle of Dr. J. S. Leonhardt's prescription HEM-ROIP to banish itching, bleeding or pro truding piles. This internal remedy acts quickly even in old stubborn oases. HEM-ROID succeeds because it heal/ and restores the affected parts and removes blood congestion in the lower bowel the cause of piles Only an internal medicine can do this, that's why salves and cutting fail. All druggist say one bottle of f-LEM-ROID Tablets must free you from your Pile misery or money back. Adv. FORECLOSURE SALE. By virtue of power contained in a deed of trust executed Ist day of July 1925 by Saul Martin (not mar ried) and recorded in the office of the register of deeds of Vance Coun ty in book 140 at page 7, default hav ing been made in the payment of the debt therein secured, at the request of the holder of the same, I shall sell, by public auction, to the highest bid der, for cash, at 12 o’clock, noon, at the Court House door in Henderson, N. C.. on the Bth day of March 1935, ilie following described property: Begin at a stone, Henry Hawkins line. Saul Martin’s new corner and run thence Eastward along Hawkins line 50 feet to a stone. Cook corner, thence Northward along Cook line 200 feet to stone on edge of East or Eaton Street, thence along said street ■f (t feet to- stone, thence southward and paialell with Cook line to the place of beginning a distance of 200 fe,et. being known as the Saul Martin home place. • • - .. .This sth day.of February, 1935.- T. S. KITTRELL Trustee. lovt. <N ..e S.uic nas taken over complete control of schools, roads and , prisons. What the taxes are spent for j as .well as bow much the tax bill amounts to must be considered." It is said, however, that only one state, California, collects a higher I franchise tax front power companies ! than North Carolina. Colifornia, how- ! ever, levies no income tax such as imposed in North Carolina. Trie battle is on. The real fight will, however, ! take place on the floor of the legisla ture. Legislature Goes On i Spending Spree (Continued from Page One.) the making of appropriations to all other agencies except for public j schools in 1931 and 1933 was due to the State taking over the full sup port of the six months school term j from the counties in 1931, increasing ; the state appropriation for schools! from a little more than .$6,000,000 a Y'-nr to 515.642.923 in 1931-32 and to $35,555,172 in 1932-33. The 1933 ses sion then expanded the term to eight months and fixed the appropriation 1 for the eight months term at. $16,000- 000 n year. In order to get this much foi schools it was necessary to j squeeze the appropriations for all other state activities down to a mini- : mum. But this legislature is not only in favor of expanding the appropria- I tion for .schools to $20,000,000 or even : $22,000,000 a year, but seems to be in favor of increasing the appropriation-- j for almost all of the other activities i at least 25 per cent. It is now regard ed as certain that the appropriations i committee will recommend not less than $20,000,000 a. year for schools, and it .would not surprise any one I bore if the House decides to boost this j figure to $22,000,000 a year, regardless < of whether the money is in sight in the revenue Oil lor not. The appro priations committee has already ten tatively approved the request of the University of North Carolina for an increase of 25 per cent in its ap propriation for all three units—the Chapel Hill unit. a< well as the Stale j College unit here and the Women’s . College in Greensboro. It is generally j agreed that if the appropriations com mitiee agrees to a 25 per cent boost, j in appropriations for the public j schools and the univ.isily. it will ; have to make about the same increase ! in the appropriations for all the oth- ! er State institutions-and agencies and thus approve the total of requested j appropriations . amounting to at 1 -ast I $34,500,000. In addition to the items in the ap- j preprint ions bill, the appropriations i committee has also voted already to j appropriate $500,000 for a new tuber- i cular hospital in the western part of the -State, and is expected to unprobe numerous other smaller requests for appropriations contained in oilier j bills. But that is not alb The House and ! Senate have already passed th- spe cial bill to permit the State Highway and Public Works Commission to have and use $3,000,000 of its present surplus between now and July 1. j when the new fiscal year goes into 1 effect, with little or no opposition ex cept from a. few of the diversionists [ lihey won’t help you catch rivets they wont came emu ills ( or cure am/ ailments’ / ... when anything satisfies it’s got to J C/ j they’re made of the right kinds of mild ripe aged and then blended and cross-blended. y whatever it costs in time or money we do / /% it in order to give you a cigarette that’s .milder. a LigartEie di.n tutcsi l.cii... mg ..’ **B§qpr © I?s>, UccfiTT Si Wysrs Tobacco Co> HENDERSON. (IT. C.) DA~L~' G-ToUbKV; GRP 1 &dt u e 181 ste r i Qfg) by Margaret w/ddeaaer CHAPTER .Vi MRP. JOHNSTON- HEDGES Inarched toward the house, where i by now something might be stirring. She carried. Leila noticed now. her brief case. She was unquestionably 1 going to have a business talk with I Addison. She was going to make a strong effort to cement the joint dynasty of Fernwood Waters and Fern wood Manor, now that Fern wood Waters was automatically at the head of all the other develop ments. She might succeed: though Leila, remembering Red DeFries’ cool eye and cheerful >ker face, remembering above all that behind everything now was llargess Hun tingdon. as capable and intelligent as j five Mrs. Hedges, doubted it. But at least she was going to be right about ! Addison. 'ddisou was on his way. j By 50 lie would he twice as enliven tiorial as his father ever was. Bet j would be even more so Their dm- j dien would grow up to bolt like rab bits one by one even further and J faster than Bet and Addison had ; front the united pressures of their parents in the directions of rules, and regulations and how to live your ! life. Leila sat back on the grass with a long breath. The brief excitement j of standing up to Mrs. Johnston- j Hedges was cone, leaving a revul- 1 sion to mournfulnes* of ihe deepest! dye. What use was it all, anyway? She stared out over the sound, vis- . ible through a gap in the wooded es- 1 tate behind her. Bet and Addison, riding the waves now. full of pro t»i -: --1 > and self-admiration, had cost: lie! Jerry. And the change in her that Jerry's views of life had made hrd cost her the position of Orton . Johnston-Hedges’ queen-consort, by the mere act of teaching bet not to want it. “In fact.” said L'-ila to .lane ver> dole ously. “I have paid all the lulls and had none of the credit. Ami p sp-i -of what Jerry said, it is hor- . 1 " Slip didn’t know how lone ; I who want to hold onto this highway ; surplus to divert to other purposes' | later-. The Senate has passed the bill j to set up a State commission for the j blind, carrying another appropriation ?of $25,000 a year and indications are ! it will pass the House. The bill to increase the salaries of all State t mployes making up to sl,- | 800 a year, including school teachers, J highway employes, prison employes | and the employes of aIL other State ! departments and institutions, is now before the House and regarded as likely to pass there, although at first it was not regarded as havi> much of a chance. No one knows yet how ! much this bill would increase the | ! State's salary payroll for the balance j of this fiscal year, but it is agreed | | that it would increase it well in ex ; sat under the oait, a Drown leat . dropping on her shoulder now and ■ again,- absently stroking Jane. It [ was gorgeous autumn weather; ’'crisp, windy, sunny, smoke-smelling. • j The kind that lifts your heart. . . . 1 But what good did weather or de voted Scotties or heart-lifting winds or anything do you if you had a heart completely unliftable because it was broken ? . . . Somebody was whistling his way nearer, softly and clearly. It was one of those tunes by which Jerry Redmond indicated to such as knew his habits the course of his thoughts, or of events about him. . . . This was too much, thought Leila, even as the heart she had thought broken turned over with a wild flop. Was there a procession coming out here i to make her unhappy, just as every ! body had said “hush” to her last | night at the banquet table? . . . Per l haps Jerry wouldn’t see her. The J green linen was almost the color of the grass, and the tree was big. He would go somewhere else to an nounce with rejoicing that secret of , I Potiehinelle. bis engagement to j Alary. She sat very still. I But Jane, little wretch, had always j | adored Jerry. At her- shrill welcom- ] I ing hark, Jerry stopped strolling , and began to lope. He went on ' whistling. It was Irving Berlin (it 1 i usually was. Jerry’s musical tastes ! j were not classic) — something out of j the dark ages: I “What’ll I do When you Are far away And 1 am blue? Whal’H T do?" i ; She disdained to move. Besides, where she sat there was no choice between running into him or the i dog-wire. He came parallel to her; | ;he sat down on the grass across from her. coiling his Jong legs com fortably. “Good-morning." lie said. “Good-morning.” said Leila. “You’ll ; find Addison in the house. I smell • , r -offee. I think somebody’s up.” “I don’t want Addison. I don't nt coffee. I merely came to say ; oodby. and to leave a message! I with you for Addison and Bet. et ah j I ft would take me too long—too me)* conversation—to explain. You i ; cess of $1,000,000 between now and -July- 1. Some think it would amount ! to more than $2,000,000. Since no re venue is in sight for this j ; it would throw the budget out of bal- | j ance and carry the def icit over in to 1 the next biennium. The advocates of j this bill frankly admit they have an : 1 eye on the highway surplus and that I i j if they can get this hill through they | will have a strong argument to com- ; : : pel the diversion of enough cash from ' ; the highway’ into the general fund to ; I make up this difference. 1848- Edward H. Harriman, the | . j “railroad king" of his day, whose for- I tune at death was $150,000,000, born ! ja. pooi boy, on Long Island, N. Y. ! Died Sept.' 9, 1909. can. and put all the Mame on me." i “Go on.” (He wasn't even there to say goodby to her!) “Go on.” "Tell him not to worry over that .Tarecki business. 1 never told him Jarecki was in jail, or that he was J cleared completely; and it struck ! me this morning that perhaps you never had either.” “No. I never knew.” “Heavens. I thought I’d told yon! 11 settled everything for good and I all. The cop who was hottest on i the trail—you remember Flynn— j managed so Addy’s name wasn’t ( mentioned.” “Oh, Jerry, how could you?” “Quite easily.” He was laughing in the old way. “I managed a page | write-up for Flynn in the tab 1 had I most pull with. He was happier ; than anything you ever saw’, and ! quite forgot to pursue his duty to I the bitter end. After all. it was a ! bit of unnecessary bother for him. ... He’s starting a scrapbook ail ! about himself.” “I don’t mean that. I mean liqw could you?" “I have told you before. Leila: you | can only rule the unreasonable, or | adolescent, mind by fear or hope of | reward. I wasn't going to see poor | little Miss Minnie lose out. I’m fond I of Addy . . . and Bet’s your sister.” “She regrets it from time to time,” Leila said dryly. I “That needn't worry you. In reality site’ll be in pain the rest of ; her life from time to time because I she can't keep neck and neck with j the smart and wealthy Mrs. Orton j Johnston-Hedges.” | “And your friends will be quite as gratifyingly jealous of ail you'll get with Mary Martin. I’m sick of you | all!” said Leila, angry, so that she i wouldn't show how he had hurt her. i “You that talked so nobly against my marrying Orton for what there was in it, without thinking or know ing what made me have to —and now j you’re marrying the same life, and let me tell you. a much worse per : son. Let me tell you, you’ll be ! dragged down from your fine ideats to a lot deeper than 1 ever would | have been with Orton,” said Leila. ; She put her head down on Jane. .Tane loved her. /TO Jit: COXI'INVKD) Business Leaders Look For Improvement After Gold Decision by Court (Continued from l’ag« One.» American Sheet and Tinplate Com pany’s million at Gary, Ind., will re quire $15,000,000. The Carnegie Steel Company, another subsidiary, will build a $5,000,000 wide sheet and strip mill to meet demands of the automo bile industry. In commenting on the gold opinion, wholesalers and manufacturers, de pendent in a measure on the credit facilities of the nation, were inclined to view the outcome as favorable. Re tail distributors felt the general pub lic- would not change its buying habits to any great extent. Emergency Road Repair Bill Passes (Continued fm v> » Page one.) re-reference to committee ol the Grif fin bill to require the vaccination of every child between the ages of six and 12 months against dipfheria and finally sent the measure back to the health group. The House started consideration of ,he compulsory driver’s license bill after passing a number of local bills. Partisan elections will bo provided in Asheville hereafter under one local measure passed. Morning committee meetings result ed in little major legislation being re ported out. Progressives Talk 10 Billions Relief (Continued from Page One.) much fewer resources. If we arc will ing to be taxed there is no danger at all so far as the government’s credit s concerned. It is much like a war. If that were to come tomorrow, there would be no talk about the govern ment's credit, nor of balancing the ■udget.’’ CAPPER Senator Arthui S. Capper of Kan as in. a quiet manner, is becoming allied of as a presidential candidate. He is a .liberal conservative, whose emarks are quoted often by progres sives. For example, here i.s a Capper state merit quoted widely: “No one questions the necessity nor Don’t Forget Our REMNANT SAI F Tomorrow Morning At 9 O'clock BE HERE EARLY £££&lfaOi ! brought up to lain- "|j- , r Mct-a,, ; the work of the home. T h -'" at( ' 1 I labor) amendment l ~,, * r ‘hilq I thf - work children do 7- h .' !0t - lat their exploitation in riilir"" 1 ' ii t or mines—or wherever ’it | MUSSOLINI STRATEGY Observes are heginnin* , 0 hfl . : thm the threats of ; Abyssinia were timed to u nomic unrest in iraiv 0!t pc*.. Tne lira had been actio* .. nancial distress was p l! 'i ihe chief persons culled l 0 . ; ! ° ' n(i i wcr: young men of i age who probabh were ~, 11 ’■ al 'l* i rni . ‘ nnerrn.in, i | I bus u p<i triot ic'" call w • 1 | save a. dictator. ’ ,Uins m «.v WAGNER TO BREAK? Will Senator fiohon \y ao , New York, hitherto close 10 lhe"\ Vh House, meek with ihe u. , Uhjj ” j the administration opposes h , T,’ ” 1 blll? Wagner na, lot i, h , j will push his bill to the ii m ir j Last year Senator Wagner n P , Tl]i . j on the a a minis* ration to eru aV-,!',' | his bill. lll " ,p I This y at- he say.-: j “Employers have been j fight to organize and Ihev h., v " St - Now nuts; Mvo worker.. ** ■same right. 1 consider ,hi - most important that will come UfZ Congress this session." I Senator WV.gnr.r’s hill Woul „ f <aw company uruons. 1815--Historic victory of \\ s fVi I stitution off Cape Vincent. | Mary Carden, operatic (oprn no horn in Scotland. 58 v -ar-
Henderson Daily Dispatch (Henderson, N.C.)
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Feb. 20, 1935, edition 1
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