11l I MIGHT
DIES AT AGE OF 73
Watkins Township Man 111
One Week; Funeral To
morrow at 3 O’Clock
William Hemy Hight, who would
fa « fee.. 73 years old September 13
j he lived until then, died at 11
v'rck this morning at his home in
warkin* township after an illness of
, ek He was born in 1562 in what
* ” at ' that time Granville county.
had made his home in the same
community all of his life.
Hi°bt. was a farmer. His father
J, Thomas D. Hight and his mother
Saiiie Stone Hight, both of whom
nave been dead many years.
He was never married and the only
rear relative surviving is a brother.
£ j Hisht. of near Henderson.
Hight was a member of Her.,
ffan Methodist Episcopal church in
th T‘_ county, near the GranviUe line,
and funeral services will be held there
Saturday afternoon at 3 o’clock, In
charge of the pastor, Rev. Mr. Rich
mond. of Oxford.
Active pallbearers for the funeral
were named as follows. R. E. Sadler,
X. Williams, W F. Wade, R. £s
- John Burroughs.
Midget Money Due
To Low Standards
(Continued from Page One.)
m;t him to split the odd cent with *
the (buyer—not. probably, that the
salesman particularly objects to add-
7 r Vcent to his profit, but it is a
manifest injustice to the consumer.
WOULD AID BUYER
The process known as pyramiding i
sales taxes to the public might, then, t
be handicapped by the minting of t
coins tiny enough to facilitate exact c
payments. =
Half-cent and one mill coins would r
ce burdensome but they might be
economical for shopping. t
IN CHINA *
To illustrate, in agreementw ith Du £
Fuy: 1
I have lived as a "European” (in i
that part of the world all white folk 1
are known as "Europeans”), in China, t
The Chinese living standard noto. 1
SPECIAL THIS WEEK
100 ib. 16 prct dairy feed $1.55
100 lb. 24 prct dairy feed $1.85
100 lb. scratch feed $2.15
Best Price —Best Quality
Blue Belie Flour is Delightful
DICKSON & CO.
Phone 659 Horner St.
PENDER’S
Sale of
Phillip’s Delicious Foods
Phillip’s Delicious
Spaghetti 3 cans 17c
Phillip’s Delicious
Tomato Soup 6 cans 25c I
Phillip’s Delicious
Chicken Soup 3 cans 25c I
Phillip’s Delicious
Pork & Beans 3 can * 25c I
Phillip’s Delicious Early
June Peas 3 cans 23c I
Phillip’s Delicious
Blackeyed Peas can 5c M
Derby Brand Rosedale
Mustard Olives
2 jars 9c 5V4-OZ. jar 9c
Triangle Old Virginia
Salt Preserves
3 pkgs 10c 21-lb- jars 35c
Jello Ice Cream D. P. Blend
Powder Coffee
3 pkgs 25c I 21c lb.
Southern Manor
TEA V 4 lb. package 15c
riously is close to nadir.
Ten or 20 cents “Mtex” (about h ls
he equivalent of a similar sum in thp
United States) rates as a pas"a£v
1 daily income for a coolie. He buys h-l
One cent in U. S. money is a snug
amount to him. 6
Ho has to have an exceedingly
1 small coin to do his buying in—or
it is a wholesale bargain. And the
coolie cannot afford to be a whole
sale customer.
COOLIE MUST HAVE IT
Therefore, the coolie does have a
small coin—the brass “cash,” with a
avlue of about one mill “Mex,” or one
half mill in United States money
He doesn’t have it so small in or
der to pay taxes. He has it so small
because it is the measure of his buy
ing capacity. What taxes he pays
come out of it.
I don’t think the smallness of his
cui rency limits his buying capacity.
I think the smallness of his buying
capacity limits the size of his money.
Senate Group Has
Voted Change For
The New Tax Levy
(Continued from Page One.)
committee to help head off “hasty
passage of unconstitutional legisla
tion,” was oroposed by Representa
tive McLeod, Republican, Michigan.
Robert W # . Lyons, counsel for sev
eral large chain store systems, con
tinued to refuse to answer questions
of a special House committee investi
gating “supper lobbies” and chain
store practices
Changing Tags to
Show Auto Charge
(Continued from Page One.)
trucks in the state and indicated on
the file cards in the files of the mo
tor vehicle bureau, then that these
corrected cards must be taken to the
addressograph department, where
new plates will be made for each one.
Since this process involves more
than 1,000,000 operations and will
kqep several hundred clerks and about
a score of addressograph operators
busy for several months, work is be
ing started now so that all of the
plates and record cards will be cor
rected and show the cost of the new
licenses by the time the licenses go
on sale in December.
The number of automobiles and
trucks licensed and registered so far
this year amounts to 453,538, but this
number is increasing daily so that
officials of the motor vehicle bureau
expect that the total number of cars
and trucks registered before the end
of the year will rach 500,000 or even
more.
iiejNDeRSON, '(N. C J DAILY DISPATCH, FRIDAY, AUGUST 9,19&
There Is No Depression
In the U. S. Oil Industry
(Continued from Page One.)
ly, however, that when the wasting of
a natural resource cannot be stopped
oy other means, then it is proper for
the people, through their government,
to take collective action. The vast sup
Ply of oil w!?ich has been squandered
in the past few years is not the sole
property of this generation. It is a
heritage which we have a right to
use and conserve but not to abuse
and destroy.
The log o the oil fields during the
depression is a chronicle of the ef
forts of the oil states, of the Federal
government, and of honest producers
to control production. In 1931, in a
desperate effort to wipe out the
chiselers, the industry went on a
rampage and staged the most specta
cular war irt the recent history of the
industry. Crude oil actually sold
cheaper by the barrel than beer by
the bottle. Naturally such a situation
could not last indefinitely. With the
advent of the NRA, the “laissez.
faire” policy, under which the indus
try had been operating for over half
a century, was tossed away and gov
ernment enforcement of proration
was recognized.
“Hot” Oil Finally Under Control?
Even though the petroleum section
of the IfTRA was declared unconstitu
tional last February, the oil states
have made substantial progress to
ward production control. “Hot” oil
(oil produced beyond the established
quotas) has now dropped to around
35,000 barrels daily against 80,000 to
100,000 barrels within the year. In ad
dition, the Connally Act was passed
in March. This prevents the inter
state shipments of “hot” oil, thus
backing up state enforcement boards
with Federal aid. As a result, gasoline
prices have held up fairly well, al
though twenty per cent less than in
1929 Crude prices, which average a.
round $1 per barrel, are sufficiently
high to enable the industry to cover
its average producing cost of 70-75
cents per barrel.
The necessity of controlling produc
tion from the investment, as well as.
from the conservation, standpoint is
clearly seen by comparing 1934 re
sults with those of previous years.
Total profits reported by the indus
try for 1934 were $216,700,000 compar
ed with a net loss of $60,500,000 re
ported in the chaotic year 1931. Mea
suring the improvement from the
stock/ market angle, the average price
of twenty oil stocks is now 170 per
cent over the bear market low. More
over, profits for the first half of 1935
ran about 20-25 per cent above a year
ago. These encouraging earnings are
the result of greater stability and ef
ficiency plus a record volume of con
cumption.
Oils Good For Long Pull
Investors are wondering, in view of
the above, why prices of oil stocks
have lagged in the last two months.
Apparently those connected with the
industry fear that, as we pass this
current seasonal peak of demand,
prices may weaken and earnings may
dip temporarily. Whatever may be the
near-term outlook, let me emphasize
that fundamentally the industry is in
a sounder position today than at any
time in recent history. Business is de-
PENDER'S
MARKET
Where quality rules and
values are beyond
comparison
Best Western Beef
Chuck Roast 15c lb.
Rib Roast 21c lb.
Boned and rolled rump
roast 25c lb.
Round steak 25c lb.
Sirloin steak .Jr... 33c lb.
T-Bone steak r 37c lb.
Boneless stew 17c lb,
Fresh ground beef . . 17c lb.
Milk Fed Veal
Shoulder Chops . . 17 l_2c lb.
Rib or loin chops .. 23c lb.
Cutlets * 29c lb.
Roast out of the leg 27c lb.
Pork Loin roast or
chops :... 30c lb.
Fresh Native
Killed Poultry-
Hens 25c lb.
Broilers 29c lb.
Swift’s Premium Hams,
(half or whole) 31c lb.
Pork sausage 25c lb.
Smoked sausage .... 25c lb.
All kinds of cold meats in our
Delicatessen dept.
Fresh Fish
PENDER'S
MARKET
Next To Fire House.
finitely on the up-grade; motor travel
is more popular than ever before;
output is better controlled; and con
sumption of petroleum products
should continue to establish new re.
cords. Therefore, for the long pull, X
am optimistic on oil securities.
Readers should realize that every
gallon of fuel oil, kerosene, and gaso
line consumed enhances the value of
the remaining limited supply. Drill
ing operations are currently the high
est since 1930, yet no pool of major
importance has been discovered thro
ughout the world in the last five
years. In addition, oil securities are
a good inflation hedge. Inflation
boosts thep rices of raw commodities,
and frequently the profits of concerns
producing them. Furthermore, if an
acute shortage of petroleum makes it
necessary to develop some new com
bustive fuel, oil iompanies with their
great systems of pipe lines, service
stations, tank cars, and the like are
in a preferred position to take over
the job of distributing this new pro
duct.
Business, as estimated by the Bab
sonchart, though 20 per cent below
normal, is now five per cent above a
year ago-
New Dealers Are
Happy At Ruling
(Continued from Page One.);
eral welfare, and secure the blessings
of liberty to ourselves and our pos
terity, do ordain and establish this
constitution for the United States of
America.”
The pertinent phrase is “to insure
domestic tranquility promote the
general welfare.”
BOOMERANG
The National Association of Manu
facturers is receiving a s evere coun
ter-attack from the New Dealers for
an ommission of fact in its bulletin,
“The Voice of American Industry.”
The bulletin contrasted President
Roosevelt’s suggestion that the Guf
fey coal bill be passed and let the
constitutionality be determined later,
with a veto by President Taft.
President Taft, in vetoing the
Webb. Kenyon act asserted: “It is said
it should be left to the Supreme Court
to say whether this proposed act
violates the Constitution. I dissent
utterly from this proposition.”
The implication was left by the ar
ticle, which quoted the entire veto
message, that this ended the matter,
and that President Taft’s view was
upheld- As a matter of fact, Congress
passed the bill over President Taft’s
veto and the Supreme Court declared
the bill constitutional.
WHISPER LETTER
WAS ANSWERED
Not all the evidence in the “whis
per” campaign has been given wide
publicity.
When E. P. Cramer, of Plainfield,
N. J., wrote to C. E. Groesbeck, chair
man of the Electric Bond and Share
Company, suggesting a whisper cam
paign, he did receive an answer.
Chairman Groesbeck probably never
heard of the letter, but G. G. Walker,
assistant to Mr. Groesbeck, answered
“.... I shall write you more fully
within the next few days and taxe
up the suggestions contained in your
letter in more detail... .They are very
pertinent ”
But Mr. Walker did not write more
fully. Mr Cramer explained why. He
went Tn to talk over his suggestions
with Mr. Walker.
Mr. Cramer added that he and Mr.
Walker “went very fully and com
pletely” into his program of sugges
tions as a whole.
School Commission Gets
Close Check on. Spending
(Continued from Page One )
has had only the power to allot school
funds for the entire eight months, but
with no authority to release the funss
month by month or to require an
itemized accounting of their expen
diture. As a result, many school units
frequently spent their allotments be
fore the eight months was up and
would them come to the commission
virtually demanding supplementary
allotments, maintaining that if they
did not get these additional allot
ments the schools would have to close
While the State Department of
lib Instruction released the allotments
each month in eight equal install
ments, it did not make any check on
the expenditures because it did not
have a uniform accounting system.
All Now Changed.
But now all this is changed, and as
a result the school commission not
only expects to save at least $12,500
a year of the $25,000 a year it has
been spending in the past for school
audits which are agreed were almost
worthless, but hopes to save between
$85,000 and $90,000 more by the care
ful scanning of school expenditures
for objects other than salaries.
Under this new system, county and
city superintendents will be required
to hold their expenditures within the
amounts released to them each month
by the school commission, even to the
payment of current bills. In the past,
some superintendents would let then
bills accumulate until the end of the
year and then ask for additional al
lotments to pay these bills, although
they were supposed to be paid from
the original allotments. But, under
the new accountiny system, every bill
must be paid every month from the
money released by the school com
mission for that purpose.
How It Works.
The new accounting system and
budgetary control of school funds will
Wife Preservers
If you pour boilin S water over
the nuts you wish to shell and
leave them soaking overnight, y<?ur
lob next day will be easy.
work as follows:
1. The school commission will allot
a lump sum to every school adminis
trative district at the beginning of
the school year, based upon its bud
get requirements.
2. This money will be released u>
each school unit in eight monthly
installments, in accordance with thu
needs of the unit, and any unexpend
ed balance at the end of any month
will revert to the school fund ana
will not be cumulative.
3. Each county or city superinten
dent must make out a purchase order
for each and every purchase made
from school funds and must send a
copy of the order to the auditing di
vision of the school commission.
These will be examined and checked
every day and if any are found to be
excessive, the purchase will be order
ed held up pending investigation. Dur.
ing the past week, a superintendent
signed a purchase order for some ma
terial to be purchased locally which
would have cost S2OO more on this
one item than if these same materials
had been purchased through the Di
vision of Purchase and Contract.
This purchase order was stopped and
the superintendent instructed to buy
through the Division of Purchase and
Contract at a saving 0 f S2OO.
4. Superintendents must send dup
licate copies of {ill vouchers written
on school funds, together with a copy
of the invoice showing the object for
which the money is spent, so that tne
auditing division may keep a daily
and detailed recofd of all expendi
tures.
5. The total expenditures of every
school unit will be checked by the
auditors each month to see that the
amounts expended do not exceed the
amounts released, and any balance
on hand will revert back into the
school fund. Thus if the amount re
leased to a school unti is SIO,OOO a
month, and the first month only $9,-
000 is expended, the remaining SI,OOO
will revert back to the school fund
and the next month’s allotment will
be only SIO,OOO and not
Auditing Expert Employed.
The chief auditor in this new au.
diting division is J. C. Vann, formerly
in the office of (State Auditor Bax
ter Durham, and regarded as one of
the ablest auditors here. He will have
three or four assistants, since it will
be necessary for them to check some
32,000 vouchers and at least 5,000 pur
chase orders each month.
While the school commission will
mane the allotments and determine
the amounts to be released each
month, the checks for these amounts
will De written in and sent out by
the State Department of Public In.
struction, as in the past. The school
commission itself handles no money
and cannot spend a penny of the
school fund without the concurrence
of the State superintendent of public
instruction, who issues all checks. But
the State superintendent, on the other
hand, cannot issue any vouchers or
make any expenditures without au
thorization by the school commission-
Thus they act as a check upon each
other, as the General Assembly in
tended with the school commission
acting as the fact-finding body to
determine the of the schools,
and the State superintendent acting
as the paymaster and custodian of
the school money.
EXTRA! Here’s the news that is awaited annually by
thousands of thrifty people. This store joins with the nation
wide organization of Heatrola dealers in offer- —.
ing worth-while dividends to all who look ahead
a few weeks in preparing for winter comfort. \
vnUR ANWAL NEW
\ vOU to | £*c77T-^ es
free «£*■
SPECIAL ADVANCE SHOWING
—| and sale of the 1935 models
Ros the original and only
genuine Heatrola Heater
It pays to buy the genuine Heatrola, begause only the gen
uine has the Intensi-Fire Air Duct, the Ped-a-Lever Feed
Door, and other fuel-saving, labor-saving features. It pays
especially well to order it now while the great annual
Free Coal offer is in effect (500 to 2000 lbs.,* depending
upon the model you select). In the 1935 line, there’s a size
\ to fit every home, a style to please every taste, a price to
meet every budget.
rt „
•One-half these amount* if hard coal la furnished, "£>^. t
A small deposit now is all that is required; reg
ular payments do not start until your Heatrola
Henderson Furniture Co.
Biu\ v our Moats At
Turner's Market
Better Quality and Service
Phones 304 and 305
BUTTER Sunset Gold, lb. 29c
Mill, 3 jOc " |b . s(fc
Maxwell House
Coffee, lb. 29c Macaroni, pkg. __ 5c
Salad Dressing qt. jar 25c
Kellogg’s 6 delicious flavors
Corn Flakes, 3 for 20c Jell-O 3 for 20c
Camay Soap 3 for 14c Seminole
—l issue, 3 rolls __ lilc
Tuna Fish 15c ——
7-ounce can Wesson Oil, pt. —25 c
NOTICE!
For personal reasons I offer for sale my
home on Zene Street containing seven
teen (17) rooms, four (4) baths and all
furniture. This home is equipped with
hot water heat and is in good condition.
Ideal for a boarding house. Will accept
deferred payments. If interested see me
or my attorneys, J. P. & J. H. Zollicoffer.
Mrs. Clara B. Houff
PAGE THREE