1823 Ernest Renan, French scho
lar-philosopher, born. Died Oct. 12,
1892.
PHOTOPLAYS
STEVENSON
THEATRE—HENDERSON, N. C.
TOMORROW
ZANE GREY’S
“DRIFT FENCE”
—wi*h—
Tom Keene
—Extra—
“THE FIGHTING
MARINES”
Sponsored by Boy Scout Troop 30
FREE
A Shirley Temple Cut-Out Doll >
To all children attending the ”,
Matinee.
LAST TIMES TODAY
“ROSE MARIE”
—with—
JEANETTE MacDONALD—
NELSON EDDY
STEVENSON
Saturday Night—ll P. M.
Sunday Night—9 P. M.
ASK YOUR DOCTOR! TELL
rwwnti
TO BfAT
the BAND
With oodtmn ai
Jgj »o nghttmT
HUGH
HELEN BRODERICK ■|g|^
Roger Pryor, Fred PHYLLIS SPOOKS I
C r Jr Rlrtra and ,OY HODOM.
Keating, Eric Blore, th# Hw ;
Phyllis Brooks. Mwvnrobi
Monday, March 2,1936
WUI Be Pay Day for
Shareholders in Our
18th Series
Holders of shares in this series are invited
to call at this office on or after
f
the above date and receive
$25*900«00
In Checks and Cancelled
Mortgages
Here We Wish To Call Attention to Our
New 31st Series
Payments to Begin the First
Saturday in April.
Make application now for shares in this
new series and you, too, can have a nice
cash reserve or a cancelled mortgage
when the series matures.
Henderson Building &
Loan Association
Irvine B. Watkins, 'Pres. Al. B. Wester, Secy.
OUTLOOK HOPEFUL
ON MOUNTAIN WO
Highway Commission Will
Not Submit to Exhorbi
tant Prices
Dally Dispatch Rut can
In The Sir Walter Hote.
By J. C BASKERVILI,
Raleigh, Feb. 28.—The milk in the
cocoanut with regard to the difficul
ties being experienced by the State
Highway and Pui'olic Works Commis
sion and the Department of Conserva
tion and Development in getting a
right-of-way for the toll-free road to
the top of Mt. Mitchell is that the cor
porations owning the two present toll
roads know they are going to be
ruined and their roads made worth
less as soon as the new park-to-park
highway is completed, with the result
that they are trying to unload these
roads on the highway commission a!
I exorbitant prices before the parkway
, is completed. At least, this is the op
j inion of several who attended the
conference in Marion this week be
i tween the special committee of mem
bers of the highway commission and
representatives of the owners of the
toll roads. Chairman Capus M. Way
nick, of the commission, who is also
chairman of the special committee
with full power to act, declines to
say anything about the meeting, oth
er than that he is hopeful that some
way may be found to acquire part of
one of the roads to the top of Mt.
Mitchell.
Lease Is Obsolete.
The brick in the machinery that is
blocking the speedy acquisition of on
ly a few miles of road from, Balsam
Gap to the summit of Mt. Mitchell, is
the lease which the corporation own
ing the Wilson road holds on a right
of-way only 1 1-2 miles long running
through State-owned property, ana
granted to this corporation some ten
years ago by the Department of Con
servation and Development, accord
ing to those who have analyzed the
situation. This is regarded as creat
ing a rather paradoxical situation
now, since at the present time it is
the Department of Conservation
which is urging the highway depart
ment to take immediate action in
opening a free road to the summit of
Mt. Mitchell so it will not lose a Civil
ian Conservation Corps camp, which
the War Department and National
Park 'Service have agreed to locate
there to develop the 1,200 acres own
ed by the State into a State park.
For if the owners of the Wilson road
did not hold this lease through the
State land from the conservation de
partment, the highway department
Moon Theatre
TODAY TOMORROW
“THE NEW ADVENTURES OF
TARZAN”
Buck Jones—in
“DESERT VENGEANCE”
Comedy
Admission 11 and 21tf
HEXt)ERSON, : '(NTC.rTECHYTUSPATCHrFR#AY, TEBRUA'RY 28,''aM6'.~''" r ~
13 Cars Derailed—No One Hurt
Although described as the worst wreck in its history in this section, no
one was hurt when 13 cars of a southern freight were derailed at Haw River,
N. C. As the caboose remained on the tracks, trainmen were only slightly
shaken. One car jumped the rails and took the others with it. Tracks were
torn up for a mile.
DON’T ‘JUMP’ BELL
The track man who tries to beat
the gun usually loses the race. The
same is»true of the horse who
breaks the barrier. And likewise
of the fellow who tries to beat the
red light.
It is a poor practice, jumping
the light signal before the red has
turned to green. It is also a risky
business to speed up across an in
tersection to get across before the
green light has turned red.
Red lights mean stop and green
lights mean go. The amber light
means to get ready to stop or to
get ready to go. It is excellent
judgment to do just what the
signal light instructs one to do.
Many collisions are caused by
the fellow who approaches an in
tersection as the green light is
fading out. Instead of stopping,
he speeds up, with the hope that
he will be across before the red
light is on. Often he speeds into
• first-rate smash up with the man
who is obeying the light signals.
Or he may meet another injudici
ous driver—the fellow who is un
willing to wait until the green
light is actually on—and the two
may meet in the intersection,
smash their cars, their legs and
necks, and even worse, some in
nocent person or persons who may
be riding: with them.
could proceed with opening the pre
sent road as a free road and the en
tire matter would (be settled.
But under this lease, the owners of
the Wilson toll road still have con
trol of this 1 1-2 miles of road lead
ing to the summit for five more years
And at the meeting in Marion this
week, they intimated since this 1 1-2
miles of road was essential to pre
serve the value of the entire road,
which they agreed to turn over to the
State for $50,000, that they could not
agree to give up their lease on this
1 1-2 miles for less than $50,000, ac
cording to some of those who were at
the meeting.
Won’t Submit To Hold-Up.
The highway department has ab
solutely no intention of paying any
one $50,000 for a 19 mile long toll
road when it only wants two or three
miles of this road, nor does it intend
to pay $50,000 for a lease on 1 1-2
miles of the road, it was indicated
in no uncertain terms by highway of
ficials today, although none of them
was willing to be quoted directly. It
was further pointed out that the high
way department can build an entirely
new road for much less than $50,000
which will serve its purposes just as
well, if not better, and that by so
doing the entire Wilson toll road will
be rendered absolutely useless to its
owners. The one objection to build-
The Ice Box
That’s A
“Life Box”
To a certain ice box in our pre
scription department come doctors,
their assistants, and nurses. Theirs
is a serious mission, for in its frig
id depths are no meats and pud
dings, but priceless serums and
vaccines.
When a vicious disease threatens,
or a hospital cot holds a feverish
stricken being, from this box come
little vials that bring new life and
hope. Many a person in Henderson
owes his life to this guardian of
health. Surely it deserves to be
called "the ice box that’s a life
box.’’
PARKERS
DRUG
JOL STORE
knST Jy The Rexall
BZSLAj'jSC Store
FT* 1
The motorist should realize that
red lights and green lights were
invented not to restrict his freedom
but to save his life and his property.
The light signals should be obeyed.
If they are not obeyed, they may
work more harm than good. Jump
ing lights is a dangerous practice.
It is better to wait a few seconds
and get there than be pilecj up-in
the middle of an intersection. And
the few seconds saved by jumping
the bell mean nothing anyway. The
fellow who crosses town jumping
bells will not get there more than
a few minutes ahead of the fellow
who obeys the rules—and he may
not get there at all!
Drive Carefully—Save a Life.
ing a new road is that it would make
an additional scar on the mountain
and thus reduce its scenic value.
Quick Action Necessary.
But for the fact that quick action
is necessary in order to insure the
location of the CCC camp on IMit. Mit
chell, the situation would not be so
serious and all the time necessary
could be had for the poker game
which would have to be played be
tween the highway department and
the owners of the Wilson road. There
are indications however that the Wil
son interests are now trying to capi
talize on this need for quick action in
order to get a fat 1 price for their
lease and right-of-way. • - - -
Spring Upturn May Halt
Current Business Lulls
(Continued from Page One.)
motor factories, steel operations in
creased from 46 per cent of capacity
in early January to 52 per cent at tne
present time. I am very much en
couraged by this gain even though it
is less than seasonal. It means that
the loss of business from motor mak
ers is being offset by demand from
other sources —notably railroad equip
ment and construction concerns. Is
this evidence that recovery is broad
ening out into the capital goods in
dustries?
3. BUILDING: Construction should
be the strongest influence on Spring
business. Building permit figures are
continuing the sharp upward trend
which began last May. Present vol
Awnings
New Samples Just
Arrived
Now on Display at
Hughes Furniture Co.
Sold By
T. J. Harrington
ume is.more than double a year ago.
Costs are stable, .rents are up five
.per cent, and government financing is
doing its bit. The real question about
1936 building is: Can people afford to
buy both new homes and new auto
mobiles?
4. RAILROADS: Carloadings have
been giving an excellent accoum
themselves. The total for the past
week for instance is well above a
year ago and is the best figure for
this season in several years. Excep
tionally cold weather with heavier
shipments of coal has had a good ef
fect. Although merchandise loadings
have fallen off, railroad net income is
showing signs of strength for the first
time in several years. Will this in
crease continue?
5. UTILITIES: Figures covering
the consumption of electric power are
becoming one of the nation’s standard
barometers of business activity. Week
ly reports show that consumers are
using more electricity today than ever
before in the history of the industry.
This is due to two factors: (1) sharp
improvement in industrial activity
since 1933 and (2) tremendous gains
in the sale of household appliances.
Does the record-breaking sale of elec
tric power mean a new expansion pro
gram for the utility industry in the
near future?
6. LABOR: Employment totals have
slipped backward recently, but are
still well above the 1935 level. Pay
roll totals, as has been the case thro
ughout the recovery period, have been
increasing faster than employment.
Unemployment is still our most se
rious problem. Strikes are abnormal
ly low. Are labor troubles now due for
a pick-up with the rising cost of liv
ing the main bone of contention?
7. RETAIL TRADE: 1935 Christ
mas business was the best since 1930.
January clearance sales were also
brisk. Since then, however, retail
trade has been sagging. The combin
ation of the AAA decision, storms,
and cold weather have taken their
toll. So retail trade has declined
roughly five per cent and is now only
slightly above a year ago. However,
orders are piling up. Can merchants
count upon an earlier Easter this year
to make up for the February quiet
ness?
8. BANKING: Commercial loans,
after a brief pick-up last Fall, have
declined ever since, and are again at
their depression low. Deposits, on the
other hand, have maintained the
steady upward climb which started
after the bank holiday. As a result,
credit reserves are at the highest level
in our history. Does not this mod
erate volume of loans mean less dan
ger from a sharp curtailment of
credit?
9. TEXTILES: There has been some
recession in cotton and silk mill ac
tivity since Christmas, the uproar
over processing tax refunds being one
of the big factors. Within the past
fortnight some improvement in cot
ton shipments has been noticeable
and the industry is ready for a sharp
seasonal pick-up. Meanwhile, woolen
mills have been operating at peak
capacity and they still have a big
block of orders on hand to be filled
this Spring. In spite of this spotty
situation, will the bonus payments
lead to general prosperity in the tex
tile field?
10. STOCKS AND COMMODITIES:
Commodity prices reached a new re
covery high early in January but have
been sliding off since then due to the
AAA decision and receding business
activity. Stock prices, however, have
been moving ahead vigorously. Vol
ume of Stock trading is the highest
in several years and prices are at a
Man’s Friends Glad
He Told Them About
BLACK-DRAUGHT
Writing from Texarkana, Texas, Mr.
W. T. Bentley, of that city, says: “I
have been using Black-Draught for
fully forty years. I keep a supply on
hand. I first knew of Black-Draught
when I was a boy, clerking in a store.
I saw people buying it and thought it
must be good. I took it for constipa
tion and biliousness. I would have a
bad taste in my mouth and headache.
I knew I needed a laxative —some-
thing to cleanse the system. I would
hunt up the Black-Draught and take a
dose. —I-would be relieved in a few
hours. In Black-Draught, I have
found a simple remedy—one that does
not have any after-effects. I do not
know of anything better to take for a
dull, tired, listless feeling. I have re
commended Black-Draught to many
friends and neighbors. I know they
have been glad that I did, for they
have said so.” —(Adv.)
I County Taxpayers I
Can save money by paying their taxes now before
extra penal ty is added.
12% - PENALTY - 2% I
Will be added to all unpaid tax accounts after
I Monday. March 2 I
I urge you not to miss this opportunity to pay-up
before additional penalty is added.
Call this office for any information concerning your taxes.
I J. E. HAMLETT, I
Sheriff of V ance County
*
new peak since the Spring of 1931. In
gauging intermediate business swings,
the stock market is seldom wrong.
Therefore, will business oon pick up,
or must the market soon recede?
CONCLUSION: The above thumb
nail sketches cover most of the im
portant business indicators and many
of the critical questions of the hour.
The Babsonctiart is made up of 57
different barometers and the sum
total shows a net loss of five per cent
since the recovery high of late De
cember. The current volume of busi
ness, however, is 52 per cent above the
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PAGE THREE
depression depths. »
I advise all business men and in
vestors who are bearish on business
today to turn back to a few years ago
and study conditions as they existed
then. The improvement in fundamen
tals which has taken place in the last
five years can only mean: Better
business lies ahead, even though there
may be intermediate periods of hesi
tancy, particularly during a presiden
tial election year. In spite of the cur
rent recession, I still believe that 1936
should be a better business year than
1936.