Newspapers / Henderson Daily Dispatch (Henderson, … / Dec. 1, 1939, edition 1 / Page 2
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PAGE TWO TREASURY ABLE TO^ Analysis Shows Morgenthau Can Issue Paper for $3,- 200,000,000 More Washington, Doc. I.—(AP) —The treasury after analyzing its debts and this week’s large borrowings, found todav it could borrow approximate ly $3,200,000,000 more before reach ing the statutory debt limit. Half a billion dollars of the treas ury’s borrowing power was used up Tuesday in the sale of 2 per cent 9 to 11-year bonds, an operation which Secretary Morgenthau acclaimed as a success because bidders for the bonds for more than $6,000,000,000 -”orth. The computation of how much bor rowing power was left was necessitat d by the fact that the statutory debt limit fixed in 1917 is not exactly the $45,000,000,000 figure commonly mentioned by officials. The 1917 law, it was disclosed to av, merely limited the treasury to arrowing $45,000,000,000 more than already owed on securities is ed under previous acts. Today's imputation showed that 8613.869.597 of the present debt represents pre -1917 obligations which are not in volved in the $45,000,000,000 limit. Subtracting this amount from the ’96.505,674 debt the treasury ow ore this week’s half billion bor ing. the treasury still had $4,- 317.363.923 of unused borrowing wer. From this figure must be subtract ed the $500,000,000 borrowed this week and also an estimated $615,- jO.OOO of debt which will be created automatically in connection with pre vious sales of baby bonds. The baby bonds grew in value every six months and officials said they must reserve part of their borrowing power to take care of this growth. How long the remaining $3,200.- GOO,OOO borrowing power will last, of ficials appeared unwilling to pre dict. Some estimates, however, in dicate that about $2,000,000,000 of it may be needed to finance the deficit for the remainder of the current fis cal year, or until June 30, 1940, and reports from some officials indicate that the next fiscal year’s deficit may be roughly 52.500,000,000. The President and Morgenthau have indicated in recent weeks that sooner or later, Congress must either increase the debt limit, levy new taxes, or cut down expenditures. Whatever the decision. Morgenthau told reporters today, the govern ment’s credit seems to be as good as it was before the war administered a severe shock to financial markets. Vast improvement could be made in the North Carolina rural housing situation, says David S. Weaver, head of the agricultural engineering department at State college. What A Feast —But What A Pile Os Soiled Linen It Left Holidays always do just that. It leaves the linen cdoset bare without that re serve the housewife always likes to have, just in case . . . Let us put all of your table and bed linens back in perfect condition and ready for Christmas. Call Us To Get Your Package Monday Henderson Steam Laundry Phone 508 su Statue Norrowly Misses Au tomobile and Passers-By at Time of Accident Oxford, Dec. 1. —“The man on the monument” fell Wednesday ~ noon about 2:30 o’clock and just did miss an automobile and some nearby people while workmen were erect ing a Christmas tree at the interesc tion of Williamsboro, Hillsboro and Main streets here. A The monument was erected by the members of the Oxford club of the United Daughters of the Confederacy n memory of tlie Confederate sol diers on October 30, 1909, with Gov ernor William Walter Kitchin being the guest speaker at the unveiling exercises. Other outstanding men at the exercises were the late attorney general of North Carolina, D. G. Brum mitt, who was mayor and who welcomed the visitors; the late Gen eral B. S. Royster, an dthe late S. M. Gattis. The Oxford club of the organiza tion under the leadership of the late Mrs. Lizzie Biggs White worked faithfully in various ways to raise the $3,000 r ’rmircd fcr the erection of the moiiw..t~iu. The end of the rifle, which was being held by the soldier, was broken off, and the man’s head came apart at the neck when the statue fell. The Christmas tree is being com pleted and the man will be placed back on the monument, probably when the Christmas tree is taken down at the end of the season. JAP VESSEL RUSHES TO AID OF U. S. BOAT Tokyo, Dec. I.—(AP)—The salvage boat Yusho Maru today started to the aid of the American freighter Peter Kerr, reported in distress off the northern Japanese port of Hak odate. The first report of the distress calls which were not heard in Japan, came from the Japanese consul at Portland, Ore., and were relayed to the foreign office here. The nature of the 6,476-ton freighter’s difficulties were not disclosed. The Yusho Maru left Moji, about 700 miles south of the Peter Kerr’s reported position, at 2 a. m. (noon Wednesday, EST). (Lloyd's lists the Peter Kerr under the ownership of the Pacific-Atlantic Steamship company and the manage ment of the States Steamship com pany. The vessel’s home port is Port land. She was built in 1920 by the Osaka Iron Works, Ltd., of Japan). That which Christ has done hu manity may yet do. Aviation expert predicts that the airplane of thb future will be egg shaped. Let's hope not too many of them are scrambled. HENDERSON, (N. C.) DAILY DISPATCH FRIDAY, DECEMBER 1, 1939 (The (Soldett (Text Jesus appoints the twelve “And let him that heareth say, Come.”— Revelation 22:1- By NEWMAN CAMPBELL. i (The International Uniform Lesson on the above topic for December 3 is Matthew 10, the Golden Text being Revelations 22:17, “And let him that heareth say. Come.”) JESUS CALLED His disciples to Him and sent them on their way to preach the gospel to the Jews. “Not to the Samaritans, and not to the Gentiles.” He said, but to the “lost j sheep of the children of Israel.” It is interesting to learn what we can of the character of these men who had left all and followed Jesus even martrydom. We cannot know much about them, but some things we do know. Andrew, one of the first to be chosen, brought his brother Simon Peter. Jesus named him Peter, “the Rock,” you remember. Peter is often referred to as Jesus’ best beloved disciple. He did not always do right. For instance, it was Peter who, after telling the Lord how much he loved Him, denied him thrice. But Peter always suffered terribly after he had done wrong. He was evidently a lov able and impulsive man. Too Eager for Honor. James and John, sons of Zebedee, were sometimes too eager for honor, but they loved the Master dearly. Philip was'afraid to venture; Bar tholomew or Nathaniel was never deceitful; Thomas always wanted to be sure. (You know the saying, “Doubting Thomas.”) Matthew honor ed his Lord at a feast and wrote a book about Him. Thaddaeus, or Judas, son of James, asked Jesus an important question; Simon was a zealot and was dissatisfied with Ro man rule; while Judas Iscariot was not to be trusted, for he betrayed his Master for money, although it brought him only unhappiness and he destroyed himself. These men were Jesus’ chosen companions. After calling them to Him he gave them advice and sent them out to spread the good news. They are not to be worried about their personal needs, for they are to go forth without silver, gold or brass for their purses. They are to have no script for their journey “neither two coats, neither snoes, nor yet staves; for the workman is worthy of his meat,” Jesus told them. They are to go to any worthy person and be guests of the house. “And if the house be worthy, let your peace come upon it.” He said. If they are not well re ceived in a home, they are ordered to “shake the dust of it off their feet.” It will not be easy to preach the good tidings, they are warned. They will probably be arrested and brought before judges, governors and kings, and may be scourged in the synagogue. But they must not fear, for “Ai'e not two sparrows sold for a farthing? and one of them shall not fall to the ground without your Father. “But the very hairs of your head are numbered. Fear Not. “Fear ye not therefore, ye are of more value than many sparrows.” Jesus knew well that his messages of peace and good would not be well received, and that there would be much bitterness and quarreling over it. “Think not that I am come to send peace on earth: I came not to send peace, but a sword. “For I am come to set a man at variance against his father, and the daughter against her mother, and the daughter-in-law against her mother in-law. And a man’s foes shall be those of his own household.” Jesus must have said that sadly, | Spreading the Good News Jesus called to Him His twelve disciples and gave them power to heal the sick and to cast out unclean spirits. He gave them their orders, as it were, and sent them to "spread the good news.” Spreading the Good News “BRASS TACKS’ ON THE SUNDAY SCHOOL, LESSON He told them to go to the “lost sheep of the children of Israel,” and preach, "The Kingdom of Heaven is at hand.” “What I tell you in darkness,” He said, "that speak ye in light.” i knowing that it was true and must be told in fairness to the men He was sending oui io spread the good news. And all through the centuries it has proved true that no subject has been so bitterly discussed as re ligion, even by people who confess to be His true followers. They have fought even over the interpretation of His words. In conclusion, it is written in | Isaiah 42:5-6, “Thus said God the ! Lord, He that created the heavens, and stretched them out; He that giveth breath unto the people upon it, and the spirit to them that walk therein; “I the Lord have called thee in righteousness, and will hold thine hand, and will keep thee ,and give ' thee for a covenant of the people, for a light to the Gentiles.” WHEAT DAMAGED IN FARM STORAGE BINS Chicago, Dec. I.—(AP) —Board of trade officials said today elevator interests were complaining that not enough grain came into terminal markets to fill warehouses equipped to handle it and keep it in good condition. A statement issued by the ex change’s public relations committee cited recent reports of damage in flicted on farm stored wheat and corn, due to weevils, heating and other causes. Illustrative of what the commit tee termed the abnormal storage sit uation, the statement pointed out in spite of large crops this season the aggregate primary movement ol wheat, corn and oats so far totaled 55,500,000 bushels less than in the same period of 1938. Chicago wheat stocks were 4,000,000 smaller than a year ago and corn 2,000,000 small er while the total of the three prin cipal grains was 10,000,000 bushels less than a year ago. At other terminals similar condi tions existed, it said, and at some smaller receiving points failure of country shippers to send in corn in normal quantities left much va cant room that could be used profit ably in storing grain where it could be handled efficiently. Since November 1 corn receipts at principal markets totaled 23,046,- 000 bushels, more than 16,000,000 fewer than in the same period last year. “Owing to so much corn being sealed for loans and withheld from normal trade channels not only is terminal storage room going beg ging, but much corn is understood to be stored in barns and makeshift i, cribs, where it is subject to ravages of vermin and to hazards of unfa vorable weather,” an exchange statement said. Approximately 25 percent of the 1939 wheat crop has been stored under the government loan and in- surance program and more grain was being withheld from market by producers who do not have loans. More than 250,000,000 bushels of old corn also were stored under loans on farms and in steel bins erected by the government although about half of this amount has been turned over to the government. An equal amount of new corn was expected to be put under loan. Grain men estimated that 700,000,000 bushels of wheat and corn would be in volved in the loan program this j season. The true end of love is mutual l ennoblement. ILLUSTRATED SUNDAY SCHOOL LESSON KERR IS SUMMONED TO CAPITAL DUTIES Washington, Dec. L—(AP)— Con gress is not scheduled to convene until January, but Representative John H. Kerr, of North Carolina, will begin his legislative duties in December. The North Carolinian, named last session to the appropriations com- Do as thousands of others are doing—SHOP at BIG STAR ana SAVE! Note these sharpy 407409 GaHiett btl'CCt reduced prices and hu*ry 10 BIG STAR tor your needs! ...i i Libbv’s-Dei Monte—Dole Campbell’s Tomato Juice PIMF Mt If® ©¥*lls Delicious, tangy, healthful tomato juice M m — a rea i buy a t this low price. Lge. jQ Sliced or <1 No. 2 «|Q 50-oz. can for only l-vC Crushed « Cans “vl' , , ...n. - ■■■— ~ Big Star Guaranteed Meats Butter, 2 Ib. Jar 19c PICNIC HAMS, Fancy Smoked, 4 1-4 Red cross raper lb. Average, ib. 15c Towels, 2 rolls 15c PICNICS, Fresh Pork 4 1-2 lb. Ave. Hurff’s Cooked lb. . —— • l2 1 “2c Spaghetti, 2 cans 9c FAT BACK, Extra Thick, lb. 6 l-2c *C‘L ast ’ s • oo S AUSAGE, Pure Pork, lb. 14 l-2c Mayonnaise, 32-oz_ BACON< Strip 4 to 5 l b . Ave., Ib. 15c PORK CHOPS, lb. . 19c OLEO, 1 lb. ctn. 10c FISH, Fancy Spots, 4 lbs. Colonial Pineapple FRESH GROUND BEEF, lb. JUICE, 2 No. 2 BRAINS, Fresh Pork, lb 10c Cans 19c BOLOGNA SAUSAGE, 2 lbs. ___ 25c TURKEYS, Home Killed, lb. 25c piiisbury 0 r Baiiard's DUCKS., Fresh Long Island, Ib. 17 l-2c pancake BEEF ROAST, lb. . Hsc & 18c Fif AI m MULLETT IN SALT, lb 12c §“* M l | j §Y PORK, For Stewing, 4 lbs. BEEF, For Stewing, 2 lbs. ~ «r —— _ITL_ BEANS {ST* 3& 2 17c Chase & Sanborn Dated CORN Sweet 3 19c COFFEE Tomatoes S 4 S'J 25c 23c PEAS E ‘SUT 4 29c ® Toilet Tissue Waldorf, 4 rolls 15c . Old Virginia - Preserves 1 lb. Jar 15c Preserves, no Armour’s or Libby’s ( orm d RFFF ? rans 35c BELb, 2 cans For Salads or Frying Wesson Oil, qt. can -«c Log Cabin Syrup, 12-oz. bot. c LARD, 4 lb. carton 3ic Hurff’s Tomato TO bU UI Scripturc—Matthew 10 They were not to take any money or extra clothing with them, said Jesus, “for the workman is worthy of his meat.” They were told to go to the house of whomever would receive them. jmittee, has been called to report to , I Washington December 4 for sub * j committee hearings on the 1940 ap propriations bill for the state, jus tice and commerce departments. ’ i Kerr is a member of the subcom | ; mittee which handles money mat ters for these governmental agencies. i ’ Gold found in Georgia—news ; item. It’s 10 to 1, however, that . Kentucky will get it. By Alfred J. Buescr. “Fear not,” Jesus told the discinles, fr as God careth for the sparrows He woul care for them, for “ye are of more vali than many sparrows.” (GOLDEN TEXT—Revelation 22:17) STATE Theatre 10e—25c TODAY— TOMORROW Wm. (Hopalong Cassidy) Boyd in “LAW OF TIIE PAMPW ALSO Ruck Rogers and < imciiv
Henderson Daily Dispatch (Henderson, N.C.)
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Dec. 1, 1939, edition 1
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