Hettîtersmt Battu Htspafrh Ο Μί Y Π Δ Τ Τ .V Ml Λ C! D Α ΠΡ Π ΠΙ TT>T TOT ΤΤ?Γ\ TVT π^ι » Γ/-· Γι ΓΛ / 1 rr* ι /\ » » Λ" *». - τγ Mfc MURι Ai. -U»|V Γ/ΕΛλΟΝ. Η <* ONLY DAILY NL Λ SPAPER PUBLISHED IN THIS SECTION OF NOR J il CAROLINA AND VIRGINIA TWENTY -EIGHTH YEAR ιτΗηκΓ^Ζΐ'ταυΛΡΜη°' HENDERSON, N. C., SATURDAY AFTERNOO λ', OCTOBER 1>, lit 11 i'I'ULISHKI) KVKRY AKTKKNOON L",I\7'L"' ΓΊΓΚΤΤΟ ΓΤΛΤϊ\7 KXCEI'T SUNDAY. Γ 1 V Hi ® CjIN 1 ο LUI Y To jo Pledges Axis Adherence • · · · · · * ~ _ ' WW - *»····· Moscow Claims Nazi Legions Driven Back Withdrawal From Odessa Is Conceded Official Soviet Dis patches Say Germans Striking at Moscow's Western Defenses Bea ten Back Several Times Yesterday. Mo-rim. Oct. is.— (AIM— Ger ni m (tivMiitis striking at Mos cnu ' <·· t*. in de lenses were de rlareil officially today to have hi .1 beaten bacK several times In the It'.issians yesterday and a Snvi ■( » ithdrawal from Odessa vas (iie';ared as a strategic triumph. (XI. Exchange Telegraph in L n cirr. : ·. I :.· c Moscow radio as say ii:.: ! · I!.ι .-inns had recaptured Oiv I ! ι tilting was especially stub Imrn in I lie western direction, «lier·· tlie lîrd army beat oft several fierce enemy attacks," the .soviet information bureau said in an early morning cum m uni ne. Tlie bureau said at ιη'Ί-d··* that lighting continued Ihrcir lm.it the night and was parti·■"! ιrl\ heavy in the west ern rtirevtion." Ι: ι i' d that " η October 17, 14 ι η · planes were brought do\V"i ! · ιr Moscow. ι The t .-«till was no word from Miisi-'iw. where radio communications we:·· e« tterally limited to transmission ι·: · : fie: ! n-.aîerials, concerning rc P"i " · tlie: capitals that Soviet S · ·':· · :.t leaders had left Mo.··· ο·. K. . ;:n. 450 miles east. ι !: '.V.icîington, however, the State department, said that high of* :..»· Soviet foreign offic. had ···· ■ r a destination in tlie eas'. United State- embassy * two secretaries and three loft Moscow with Am 1 !\ nee A. Steinhardt. the St..·· . . t ment said. They were are :. ed by members of the A .apply mission, milita'v e attache . two I\ed C'ro>s tivrs and t.-:i American ι ' ι : 'il tits.) l' : that Russian defenders had been withdrawn, t h — ι bureau said this opera • rding to plan -that they lerred by our fleet to ' ' ' s of the front in perfect ? > "tanner and without any ii'-M Murder Trio To Maryland Alexandria, Va., Boy and Girls Waive Ex tradition, Face Trial in Del Air, M.d. 1'· : ·: Mi. Mr . ( >rt. 18.—(AD— Vt'.i extradition proceedings, tii-i Alexandrin, Va., studitnts— ΐν.· . .t hoy- charged witli ■' ■ : <-ί< ι .ιi Mai .viand of Grainger G I'l t. ; m j. 4ii. were turned over today "II α Iron: that state by Port land police. The trio. 11 rbert H. Cox, 10. Ida M..·, l'iice. 15. and Beona Ellen C.un iii: ^1 i;t 11.. 14, signed the extradition wa ei η m:unicipal court alter a ten >! 'a ■ nlerence with iormrr Judge 1 Ί ( ; Chapman, appointed by ( ι., ; liS their counsel. Wa: rants brought here by Shcril ■ Walter ι Bennington of Hartford '1 iiuilν. Mil.,, and State Trooper Learider H. Thomas, specifically charged each ot the three with mur dei ,ιΐβ Browning. She riff Bennington, who was ac companied also by his wife, said they would return by train t Bel Aa'. Md., with the three later today while Thomas would return in Browning'.- automobile in which the trio came here. As he accepted custody of the three pi'None.v. Sheriff Bennington in troduced his wife to the girls, saying, "-he s going to be your" mother for the next Tw or three months." The ( S"''- s ι1 : : 1 e d acknowledgement. Sheriff Bennington said he ex pected to have the trio back in Mary ( Continued on page two} TORPEDOED U. S. DES TRGYER AND SKIPPER I !is ρ! oto (lift) <if toe de-tr ·>·ι .· Kearny was made when the vessel was launched ;i! K< arnv, N. J.. year, lit pile damage ree ιν.-d wlu··· she was torpedoed yesterday 350 mile.- . ι mth vvι·.-1 ut Iceland, the Kear ny \v ; olc t■ > proc ι d under her own |j I'uer and is beloved heading toward some United Slates purl l'or repairs. Nine ,North Carolinians were amen;.; the crew of the Κ arny. The \ e.-. el is under command ·ι1 Lieu t< ι ant Commander Λ I.. Dams (above ). Eight Red Armies Annihilated Babson Offers Advice On Buying Of Stocks 15> HOG ICI! W. BAUSON' (Copyright. lil i 1 —Publishers l in.iniial Bureau, Inc.) X( York. Oct !C< -There are h ; ; ί. a dozen simple rules which every in vestor should consider when buying 4ock- Tin re ar· ( 1 ) 1 'reher t···: ι pan .ι wilhoi. ι debt or ι■ : ! ι Ij.11 ras uig pre issues. (12) Prefer companies with nat ural resources, real prop i rty. or marketable equities. (3) Prefer c nipan.e with goodwill, trademarks and as sets which are difucult to duplicate. (4) Prefer companies which cater to consumers and en joy a "repeat" business . (3) Prefer companies whose is su· s are selling for not :n excc.-s of their book value. ((i) Prefur companies with a satisfactory earnings record. (7) Be sure that dnectors and officials are men f high character, sound judgment, with a Ρ- rst·η,ιΙ I in.mcial in terest in the company. Mnrsenl hall's Theories Mom readers know that the mar ket had quite a bleak fallowing 111· recent statemivt of Sei etarv Mm·· gentliau ι garding ta!; ■·■.·. away all earnings of a company in excc-'s of (i per cent. If he would g uantee !i per cent to all legitimate c mpanie.-, or even guarantee tin· continuance of what thty are earning up to il per cent, this would be something '·> discuss. To say. however, that businessman should take all lo.-.- ·< on existing and new enterprise s and then have the profits on the one that does make good limited t ό per cent on the capital invested is. of course, fundamentally tuisoun I This was the argument first used by the H ',-ι.ιιι (radicals in bringing about communism and later by II.t ler and hi-- crowd in bringing about nazi i.-m. I do not for a minute fear that Congress will adopt any such crazy legislation. It would be much harder on .-mall businesses than η large businesses and be the end of new en terprise. This. I have alre-.dy tat.· 1 •hroot'h the e columns It. however, should be recognized that treasiav department i- thinking ·' ug t'a lines. The Go. d Book says, "as a ιν ι·ι thinketh in hi - heart ~o - he." Th s means that it is not what we accom plish so much as it is what we think. It - much better to tlrn' good th ughts and fail temporally than to think wrongly and temporal ily succted. Hence, this veok's mes sage. Investors Can Bn> Insurance 111 \ e t « » r s who have their money in ecu panic- which ;>:·<· ,-eeing their ι : ι · ι * ! y··.·- nthie· · y "organized" l»y the CIO ei.ire to n.e in gnat dis tir.· - Ί"Ιι··.ν a 11l·: ι i l to show me that .fît··: comp..ires art organized i>y i.iii· r leaders int closed shops they m er again earn what they did when til·, re was tree bargaining be tween the employer and the wage worker.-. They also insist that it is not primarily a question of wage • ι ι.it rather of discipline and ef l;e;ency. They claim that under a closed shop the labor leaders really : oie and the efficiency greatly de clines. I teli th·- se investors to quit their v. : ry. give up struggling against tin- inevitable and gradually shift their holdings into something which will profit by this lab r union move. For installe., when wages are ad \ aiu-mg and working hours reduced, Wiigi· workers' families spend much π.ι .re in the local stores. Hence, I ad vise selling the stock in the XYZ Manufacturing company and buying the lock in the leading grocery store corp ration which is feeding the m ghborho d of the XV/. Manulac tinning company. Also some shares in the leading department stores ol tnat con muinty may be a purchase. Investors who have taken such ad vice have come out satisfactorily. Studying Book Values Cannot the same principle be used in connection with Mr. M rgenthau's thii.it oi allow ing only (i per cent on hook value " For instance, I under stand that the book value of Stand ard Oil of Ohio is around $0S a share, while this stock is selling at only ab ut 40. If the government (Continued on Paep Twoi LEE Ο. GREGORY DIES IN DURHAM AFTER OPERATION Durham. Oct. 18.— (ΛΡ)—Lee Overman Gregory, 41. assistant attorney general of the State of North Carolina, died today at Duke Hospital after an opera lion yesterday afternoon. He was suffering from a brain abseess. !\lr. Gregory was the son of the slate senator. E. C. Gregory of Rowan county, and Mrs. Gre gory. and the grandson of the late 1 s Senator l.ee Overman Nazis Claim Much Booty j ! Germans Report De struction of Grand Army of Russian Mar shal Timoshenko. Berlin, Oct. 1S.— ( Λ Γ ' —'.r.ni liilation of the grand arm ν of Russian .Marshal Semeon Ti moshenko. com (suns of eitrnl full armies—perhaps a million and a quarter fisMins men was claimed today hy the hish iiimmiiHl in announcing victor ious conclusion of the eneircle ment battles of Bryansk and Vyazma on the Moscow front. Tlu1 mnp-li jι "I t ;1111■ ι ed 1 ; . ■-! it· ι forces >tili ( ι .| : Hiri -. lit·' ι ·: -1' : que in ι h the I !«·ΐ· I iRMdqu;. ' : Adolf Hi'Κ·Γ (I.e. red. It -aid (MR.Iiifi t >r i - < .ι ι s τ - hail I.» ί ■ : ; taken along with incalculable boot} -Tlu· blood.v !" sts of the cm ■ .· ; again Wile heavy." t',·' waa :· oeia added. Tire armies, the report ·,. ii. ν ere niadt up "f 67 infantry di\ .n . six 1 cavalry divisions, seven tank di— I . \ ι tuns and lit! tank brigade-· War matt rial . ei/ed was listed a ineluding 1,1117 armored vcniele. o! ill kinds and ft.2-9 piece.- ·>| aiiri-j lery. Pepper Backs Wider Repeal Of Neutrality Washington. Oct. 18. — (A.J/—The1 decisive 11·· . e approval ol legi-λι tion to arm merchant ships prompt- | ed Senator Pepper. Democrat, Flor ida, today to a.-1. the Sen te to go even further and wipe out the neu ! tralitv act's ban against American I merchantmen travelling to belig j erent ports. ι A membe· ·: 'be Senate foreign , relations co 1 (fee. Pepper said j that the heavy House majority in dicated the te·· per of the country and Congress Pepper, wh·■ ■ been in the forc iront of all-oat measures against Germany said he would offer his ι amend ι tien· •••ideu teniib ui tht Nazis Sink 12 Vessels Get man High Com mand Announces ivmkimy of Ten Mer •vin'mrn and Two I sccrling Destroyers Aft"*'·· Entering Block ade Zere,' ·· ■ I'·· 28.— ' <"t \ «··»!! vov rn r«"te to Britain frim N'vlii Λιν··Γΐ··;ι under fnrmid κ! V ii; protection was attack < ή r ■··" nth I y Ocrinan Miliniar incs after it entered "ill·· Hack ed·· 'im«" and ten merchantmen, ,·- -ΑΛ (. ,,. .... ι )v „ ,.s !" riinrr destroyers were sjunk, ι!··. c~ ri.'li command an "· "ived t day. (The ci-nnuiniqi'O did η t > ; η m ''ι destroyers -link but 'in· l'tack :υ'■ t V|;ht. lv [·η eoneenni.ι •lie tnrpodoinrr <>:' the Γ S. d< ' ·>.·,· Keaaiy off Iceland. for th·· c ι .uc.if.iu· s iil the ; clii.n look p' ; " ι ν th" "l;i ! several d: vs." (Germany ·· .n iders \v: ' : - ;,r > :nd Iceland as part of her "blockade zone." The Ke-.rrv was hit 350 η iïtes~sôuiïî· ve t of Iceland. The communique -1 · r ■ : -1 d no · · : 11 ionalily t·1 the mer· •h.animon and referred to th·. two var bins as "enemy destroyers.") i.e'ncc communiques on U-bost •••Hon t'"t· 11 ν are issued a few day >ft"r opprifjeins a··" completed, it a ρ aea-ed unlik'l.v that the torpedoing ·*".ierday. however, f (tie lT. S. de drover Keay· a· i.'t Iceland c aid 'la'.-e been concomittant with the at ack on the convoy.) RUSSIAN TO DEFEND MOSCOW TO THE END Loud· ·;;. (>·.·'. 1R. \Γ > ΛΙ- 's(·ι ·. - ill be defended 11 tl ■· last ditch, a enimenuih>r die .· · 1 ' the S.> \ ie* capital lad a ' ' 1 ·<( lay : ie ( riling liI'e in ' 'y ·ider tin bnriow of German siege. "On · can ft el th · dani;·: · !. ·..·.·..· ··. 1·|· Λ'· '-row ill tie a ι it ·.·: I !' ' ! a ■ • ·· i'e: ·.." he said. "Xcv. is · - :aa ι hi g ai I battalion through the square* Fori i! a·:.! harne.'d'.· and t rap- I .<r the t : a : r y ■ ■ !n aig built." New Jap Premier Lieut. Gen. Eiki Tojo The rcpime of new Premier I.ieut. Cen. Kiki Tojo, 50, of Japan, is ex peeled to be strongly niili'iirist ic and strongly pro-Axis. Gen Tojo, succeeding Prince Konoye, who was friendly to the U. S.. is known to be a frank admirer of German Army methods. Torpedoing 'Interesting' To Germans 5.* Iiei ! il. ()c!. 1 " -( \P1 - Authoriz ed German sources said today they found i! "interesting" that the i m ported torpedoing of the t" S. de stroyer Kcji'-nv happened at the vei y moment whvn the neutrality debak was at its height in Congress. Saying they h.id no inl'i n"! at iot at the Gern ai ad η iralty on th; in ( icU nt and tliu- ι ·< . iifiei.il reae' l· ·ι. emild be given. the\ added that Pn - ident Roosevelt "and his whips in Congres- undoubtedly find the in eidt 'lit nil 1st \\ flcm : I ;n "i ill'!' ι ■ i.as ten their aggressive program." These sources thten produced a col lection of American editorial com 11 .·> ί 11 and excerpts from speeches ι > >. ' ! · N'avy Frank Κη··\ ! v.! ι·' :·;ι·ν d .-Inuvrd that "tin American officiai policy is hankering ■ : ' »..·:· . ' ι i'H'id : it tn sup i · · · ' ! ' . d: η ' ' -, ' ι· m's program υΐ .· lining a: ·. r v. ar." Jap Premier To Go Ahead Wkh Policy Γ ο k y ο Newspaper Says 'Attitude of United Siates Has Stif fened So Much as to Arouse the Great In dignaiion' of Japan, Tokyo. Oct. IS.—(AIM—Lieu tenant (lencral I iki To,jo. pre mier and liead ol the war and home ministries ol' Japan's pre dominenih military new cabinet, pledged bis governnii nt today to «ο ahead firmly with its east \-ia and axis adherence policies despite increasing tension in the Pacific. liven as the army-trained premier announced his course, th<· newspaper Nichi Nichi told Japanese "the attitude of the I nited States has stiffened so much as to arouse great indigna tion of the Japanese nation." "i! is not too much to say that 'hi"" : being developed a very eriti ·· I " ' ·»ι in which any unex pected contingency may cccur at any time." the newspaper declared. Cîeneral Tojo told the press after his first meeting with his cabinet that Japan would follow her three-point course: continu ing her efforts to create a co prosperity sphere in Mast Asia, pressing for completion of the China affair, and adherence to her treaty obligations. An information board spokesman iddod that "in view of the unpre eedentedly grave situation prevailing at present the government intends externally to promote cordial rela tions with friendly powers and inter nally to perfect the notional defense : the late." (The German radio »x ; ι re .ed the reich's approval of the new cabinet which a Berlin br ad caster said "strengthens the pusi '!"ti of the power.- marching into the new ag·. i.udi r the sign of the tri partite pact heedless of British and American opposition.") Τi.ere were reports that Yosuko \!,:t-ii"!;a might Come back into the g■ >\ eminent It was indicated that •he former foreign mini ter wh ne gotiated . I,. ρ ;. ' ; ' · part in tile axis pact well as her pact with Soviet Rus • a : ah! t>e named . ■ advisor to the ιoreign office. The new foreign minister, Shig ;nori Togo, has served Japan as am ··,! iidor both in P. rbn and Moscow. Davidson President Inducted l> ,. 1 . . t > · 1 - ΛΡ)—Dr. .ι.·Ιni :; ·■■.ι C .nnsnRlian . 13th presi • 't ·■· : I).·, I-I>n (·· -Hogi - t.Mil; the . . ml :ri <m Ui , nuirnmg in the .-ι Μ·:,ι·ι· · ! !(:.ι·>· !·.· <:ιτ ρ : « -ideilts. .ι host of distinguished educators and .ml ; lend.-. He peldged himself t'> carry on the •i .dit. ' 11. 111 thr Presbytia .in church ι Ί i! ' ι 'Lit1. Dr. C inningham discussed "the .·- u ti ns :ind described its f in damental purpose as "Christian edu < > :;. edu■ . , · .·· i,,v: ; ■■ ■; - t· guiding prin • : anchorage. to ( '■ : ■ ' ·,) ι ν ;. I'd integrity." I : t : ,i ■ addre. ■ came • |> - : : ι tiie awarding of 11 ik.i;'v riiM-tor ut' laws degrees I four visitors — Governor J. M. Broughton, S Clay Williams of Win ston-Salem. Dr. Thedore S. Green, • Princeton University. Dr. Daniel S ( . f.nift <».»!· ni pi: : w pli ν at Westminister college, Fulton, Mo. Di. t' ;iv nun. ·> i< a · inner pa. ■ P.'e.-bytei urn ehurcfi , ι \\" ,,. ι, M _ ς.; , ] (·,!> RED BOATS SINK GERMAN VESSELS \e- Y · Cet 1 : ί (\P) The· n ■ : .1 ' i ν ι laved a Mos i ·, i'i. uli - i.e·» stated that Russian torpedo boats oi the Baltic ii ι ; ; .d t. i pedcied and unk a Ger n: iTwi er :»id two German de stroyers. A second cruiser was de .•i.irrri :·> h;.\ · been torpedoed after which it 'came to a standstill " WI4THER FOR NORTH (' \ROMNA >Jovt|x eleucH with Iliilit scat t"ii'd showers this afternoon, to night anrl Sunday. except mod erato showers in ""mountains: slightly warmer in interior to night. Mine Is Still A Headache Ίο Others Than Drinkers I:.ni* IhMi.ncii /îurrau. In thr <ir Wallrr Hotel. ivv in \i;\ \ νια; ill, Ιί.ιΐι■:l;!!. ι let. 1C no. partieui \ ! : :c I< ·: 1:1 :t ιi ν. ;, ■ '.; : - si ill a : it .idai'I ic Id ί ! 11111· pc, ι ill '1 ι η those *... tis nl. it ι··: '·. «·· * : >i its 20 , l'i (.'.'lit ail', 'hill Λ notable migraine sufferer from 'he potent Ι-ι ι· ontcd i (·.· · State A15C C : η i: (, .n iy .1 'iiriMin, the c tnplamt- "i .· do.-. Hmht III.W ill· I.II I'd with Λ '.'(" al ; ai" :ι la riy ' >»!> : 'i '· '■ : - wllii i ι appra : 11 > r· < ι · ι · .,·!. ι. ng of a -.ni.m ! · dec do. F' ί' ■ ' ■ · · "il- ' a; tor ί:' aboi - The Χ t! C law ρ ides that ··. hich (Miit.ι c ·<· than 2(1 ρ r ■ut «le h··!. ·■ ' 'in ίο are in in.· i if Ν ' C distribut •I ·. · ra! til.>il-:i';d . .·> s of wines la1' II- ri "Contains ir nn 19 to 21 per cent ■ 1 " That. · ι·."r-e. makes the • · >·.'■ pi ·'· ι : ·· ·· "f doubtful leg ■ \ X. '1 . lia It the \\ no • · : ί ι · .ν!:·, ail well and it'· a·.'- to the full 21 • . ••■■lit ' · (1. In any ca-o ι ' η .1 oliovos the law is ■·!■:··! '· \ : : wine \\ ith ■hi- lalul The wine !" n'ctid. however. sh:p- 'a';: ' ··''>· Senate >roi:'i'. li:t a ·· The ;·. - '' Hi · is · 1 · ί ' . decide about '■·. .ua.'lgs Moll.I y The ·!( a-u-e. ι - ''. ··- iii Ί ion ■ t'p··. lue th. no .·· i'In i t bin ,ι;.;:!ΐ·| -.Ό- -el t ·.. ν : y 1 τ1 ·'.'■' a-rrs. passed t'ae h > ·-< 2">!» to 138 yesterday shortly · 'c ' i was receiv ed of the ' ι ■· <ί■ · · the . American iiesU"\t Κ■ . in · be laud. 1 .hat ! · * m w labels ι . in I\\ !.U : : than 20 per vi at. i >·..·.. . lacy v. fias .-eon ■. aid like ,o block out the "t 21 per cent" part mci H i .t a ' lae A1-; rhaintian it:- . : : ,· ..ai innke t dmost ncct.-sar;. \1!C office ο analvz·. ail v. .... e there'd )(· no way l· · te' ; ' li.id be·. u slocked out "21 pi- a'." <r ..ay ill: r hijghtT :igi:tc. lie !eels. ι,ι . that t;a· ι··· !.· d. al as .a tin.-· b rd< ! m .< . i· it* · Clo.-e tu tlii.· r : ι -1 ι :I it', my u ay. "Tht ι e'd be nu t: .· . h il · ·: . 'he Κ·, lia.- :a high made wiiir.-," he :a;d. aaι· au sevi . - ia this a up. "berau t thi y have repula a-· tu s - ; a a :. It'- tar l'ly-by-n is'ht ι j ι which - .Ι". ; · ■. ; s 1 y trying to ia by c-.Ίΐ |H" as w th whisky ■ ' · wli ira w ■ ha\ · to ci a tend." Γ it, incidentally. one ot the λ! ι* .! la- · .· 11 \loi a I. r ai . '. I a t ν ι ■ s to ι indie * : ill· pin's ||' ν1 \ 11 IT ·· s :· .1 the.s" 111■ · \ a ■ Ό aaiaaed at jackets, 1 ut: ■ he lid p< aitapat 1 1 ; "i Ν Jim." ι ;i ι- cal 11 d w it iia' It e< <.■>! - twenty-five cents a pint and is the *quivalr-nt >>| .. tail; pint ot w hisky ,n alcoholic c aient M\ idea is thai people in setnaal would nuch pre 'er to buy legal liquor whenever pos ;ible: and 1 think it's amah better for ten to buy the half pints of legal ivhisky than -Ian pints a whit Dootleg liquor or pints ι ί fortified .vine. ' We've set lia· aa ι km: η the h ' ι lints at such a figure that the ABC st res can't η ake any profit to peak of "η them -that's the reason ■ome of the local boards are again ' (Continued or. Page Eight)

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