ItettJterson HatUj Htspatrij
.THIRTY^THIRD YfeAR tmI- AW ''i'vn'i'.^i??l^1, HENDERSON, N. C., THURSDAY AFTERNOON, SEPT. 5, 1946 ,r,f'-i^1 :vii???M FIVE CENTS COPY
Al ??? M. a ^
isnnw v-niLug VVDR 15 GRANTED
TO MAKE HAPPIER the last days of n child, dying of brain tumor, the
Army ordered home from a Tacoma, Wash., camp Sgt. Halph Hender
son. And here he sits by the bedside of his 7-year-old daughter, Nancy,
in Burlington, Vt. Nancy had asked two last favors of life: that she get
the doll shown with her and that her soldier daddy, who had been or
dered abroad, would be with her. (Exclusive International Soundpkoto)
Babson Blames Lack Of
Buyers For Market Break
Says Nothing In Business Situation
Justifies Drop; Demand Remains Up
IJV KUliKU \Y. r.AIJSON,
Copyright. llilit. I'ulilishv.s Financial Kurrnii. In:-.
New York, C'il.v. Sept. ? Selling st<n\.- is very different irmn Rnini; In
tin hank lt> draw out money. U'licn yon do :ho latter. in.- hank :;n yon
cash I rum its reserve :.n<l you immediately take it home with you. It will
always be the amount of your check?or more, no loss.
mast nuiu around I > fin 1 somebody
who \.-1i 1 buy jour Wile 11 the
market i- booinin :. sue v.'body will
probably pay ynu m:nv than ilio
stock ro.-t you: but on a declining
market, he lias more difficulty to
find buyers. '111..- is especially true
today when buyers r.uisi pay ca: n.
This largely chmuj.ii< the 11'"! ?
people . s. too ottci'i, only well-to
do people have the ready money.
During August most of these weal
thy people arc away oir vacations
and have forgotten the stork mar
ket. Thus, it has been especially dif
ficult for brokers to find rash buy
ers during the past ur nth. This, in
my judgment, is the main explana
tion i f the August i lark'.u break.
Certa nly there is nothing in tlia
present ha-tv- titration t is ti:y
declining pvees. I'very company
has tremendous unfilled ordci ? a. I
the ban . ? toe ?vei -lli wmi with
idle money. It should take two .>r
three y. rs to fill the demand for
aiiteni bile-: while the bunding in -
du-tiy has not y< t got under way.
It is true that in previous i erioits
of prosperity the market hit uncd
downward during the first half of
the pr< -oenty era: but history dir
not alw.iy- repeat it'.elf. Certainly,
today history i not repeating r elf
in any other ealej'tey.
Some Stocks At Bargain Price-.
With the expected inerea-e in I!'- '?
dividends, eTtain stock: now appea.
to be bargains. Carefully .elected
stocks can be purchased .today at
prices and yields which should servo
a- pet man id investment-, ir
ie.-peclive t.f market condi: i"i
Suggest inns a to select i.ig stork
and "switclrng' to as to l> prepared
for World War III tf it : It ? iltl c me.
wall be covered in next week*,
column.
To offset the effect of a World
War III. there are icvoral | ?>.? i
bilitics which cverv itivt ?lor ho ?
cart fully c nrf 'r In fore eiba
storks i'uiiiy. Ihe li. t if 1l.ee i
tli" elerti n ???hicli e on ? Mo-, en '>??
fifth. Pre cut until .dsn ere tli .t
the llopubl rati . wpl yd si:>.-? it.
cotitro! i.f th.t i lou ? ; nd t> > ? ibdity
working conti' I of t:i ? li n 'I!.,
may lay the frutid alien for a <? en
plete Kepublican \ ie'e i y iti llli.-f. 1
tun not a politician but m.'rely a
statist irir.n tn:l. hen", y at cannot
bf.uk 111(1 percent on lit" Ira a
However, either before or direct!;.
after N'lvembcr filth w * li ' dd
have much higher prices. If a 11"
publican President -liould be eieet" 1
in I!) 18. stocks should "go throa.ii
the i-.inf"
It lit? i a n Kevoluticn Ahead.'
Something may hnni.-n in Kurop?
to greatly improve the situation. It
the British and American cic*l?*i*:il?*>
Mick together and refuse to get timi
out, Russia may i> ? at ntibte on '
agree to fair terms and vet en ire
freedom of all sea.; for ail noun-.
The death of Stalin ? r a people's
volution in Russia should make th '
Mock market boom Moreover, it is
Very probnblc that the Allies am
how planning and encouraging a
Russian revolution. This is the rea
son for the "iron eortain" and tli '
desire of the Russians to lie up the
Danube river and Balkan Stales. P
explains why our fliers were shot
down.
Perhaps the Allies may sign peace
treaties without Russia. Wi'li our
Supply of atomic bombs and I as
sume we are shipping some of these
]o England?and with the possibil
ities of bacteriological and chemical
warfare to kill both people and cmos
World War 111 mov be Marled hv
England rather than by Russia, al
though we would probably get in
volved in it. If England should strike
tint. this could be vcrv bullish on
lac market.
?Sf ifie persons ;uc scllint; stocks 011
account of further strike tbrents,
'these do not worry nie markctwise.
When production catches up with
c<nsumption the cnst-of-livink will
.1 on decline an I iubor's main at
vn. ? ot will h ive been knocked hi
the head. Furthermore, as the "52
2'1 clubs'' dissolve and veterans and
tin ir wives. again enter the labor
market, a surplus may take the
pi; ee of the prc-'*nt shortage. This
will he another lliituj to keep labor
leaden; sen .ibic.
Market Makes
Some Advances
York. : rpv .v - /p. ? The j
Iwk nmrkct today * Kirr.dcd the
' Wivi' 'i >> Ir;t'tioiis
?o I- is- or more point; nlthouuii
11 ? < ? " ? iin( mi i ll 1111|iIV. tlnoti^h
vrhi'ti ;iii early flood of order.; had
I i ri i-v. ruled.
Pro'iiiinni uamei moluded Atn
? iH .iti I elephone. IVIhlehetn, I*. S.
Stool. (i'.oinraI Motor . Soars |{oe
and ilnl'ont. Minn signs were
po .tod for fioodrieli. II. S. liuhhor
o.i (iiHidycnr.
Weather
I OK NOIITI! CAHOI.INA.
? :*ir \\ e ? 1 It e r r\eei?t some
cloudiness in coastal areas to
night and Friday. Continued
cool tcnight. Warmer Friday.
Rep. r^ay Ready To Talk Aboat War I
Russia Demands Free Trieste
Says Yugoslav
Claim To Port
I nquestionahle
Paris. Sept. S. i/l'i Andrei Visli
iiisky, Ku;:.;ni deiiliiy foreign min
ister. ral'cd in tlic 1!!-nation peace
conference today to ' reject emplui
li ally Italian claims to dispute
Ouii'ining Soviet Russia's /land
< 11 the leading territorial issue be
fore the pest-war tonference. Visli
insky raid that Yugoslavia lias had
an "uii'iiie lioiiai'le rig.it" In Trieste,
lie s: id the Soviet In r,:i was sup
pci! tin:; a Li;, lour agn. mom t? make
a free ter.it' vy of the part only
bci ause : f "political con iter itiuns."
'I ha Itia.ian diplomat. in speech
Lea.a the Italian | olitical and ter
t.toriiil commission, accused lvanoe
L omi. former Italian premier o:
* a leaking :ie> it i as with the flag
f j'stirw" in tdaim'tu: the important
Ad.ia'.ic 'i'uy. lor italy.
To tlllili' I5v Derision.
Vl.-itin.-ky made it plain that Rug
s' i v in Id abide by the big four
ov.tr f.ircUn iv ini.-tc rs' decision to
i .rcate the f ree territory of Trieste
ud die .ared ;Marpiy:
??Vtfo-dTvi i has an umiucstion
able right to the port and town ol
irtr. c. The derision of the fov
i ri ministers contains a minimum
f jr.st?????. In us ;? opinion. it shi uld
oir-iiin :: moxi.r.iim of justice.
"Li t . ?'.v.clirr.c.; ,t is tirst possible
i ? i. m:;vin r.i of justice will
?i I: ical ruitsi-c "?ti; :? . '?> mctl tie
'a; w arc ?! tia. ?, wi.n politic,
wo ... i p.v: doti'l the to ir?rotne
.. .... t rdd up to rice."
It', it 's voire i't the Trieste dis
?. !?'? was rear ' on lite f srtit date of
? ?' at'.' < :i tb' Is:.dnn settlement.
'? lv rv. I Yttgosl v i have filed con
fii.rtirj ? i Saints for the port, and Sett
itri ? "om Coi 'villy (I)i of Texas
yestc 'dry declared the United Suites
wants to see an anion incus Trieste
'government that "will command re
?mcct of hoth Yugoslavia and Trieste."
N. Y. Ticket
Is Endorsed
B> Truman
V
Y.'a:-hnr*tf ii. S?'pi. ,"i i V Pp'm
. lit 'I riii i..ii t '(lay gave lii:. whole
ice ted i :i'l'i:. ?miu'iii to tin- Mead -
I.< hman tii'kct in New York, and
:?r?ili< i'"il its election
Tin" Presidt lit made In position
dear nt ;i news conference in which
In i|i- crih(>(l Senator Mead (D) of
.Mew Yolk, nominated fur the gov
ernorship as an able administrator.
The ticket, he said, suits him all
right, and lie thinks it will he elect
ed. The New York state convention
vestcrday iiemin.il> <1 former (!ov.
Herbert 1.oilman to Senator Mead's
'place in the Senate.
When asked whether he will speak
in hehalf of the ticket in New York,
the President said he wouldn't an
i \ver <it this lime.
As to what he will do to help
Mead, the President replied he will
I say till the nice things lie can about
the New Yorker who was nominat
ed to oppose; Gov. Thomas E. Dewey.
GUIDED BY EAR IN CATAUNA SWIM
COMPllTEir EXHAUSTED after swimming from Catalina Island to the
California mainland, "Blind Bonnie" King Nawahl, 4ft, is aided from
the water by two men. Literally swimming by "car", guided by a bell
on the pilot boat, the Hawaiian completed the 22 mile marathon swim
In 22 hours and 51 minutes. He is the fourth person to complete the
long and gruelling marathon swim. (International Soundphoto)
ANNOUNCING MONARCHIST VICTORY IN GREECE
- . / ..two.. * aHBSPc- i
ACTING PREMIER OF GREECE, Slylinnos Gonalns (right), Is shown as ho delivered an address announcing "an
overwhelming victory" lor the Monarchists in the Greek plebiscite. The victory means the recall to the
throne oI King George II (lelt), now ia London, and ready to leave lor Athens. (International Kad.ooho(o)
Freight Shipments To Seaports
Banned As Ship Strike Begins
Some Exceptions
To Rail Embargo
Are Announced
! Wa limit'n. kept. ft. ./??? ? The!
I \. oriatun <?? American Itailronds!
j oday ordered an embargo on rail
reight shipment:, to port;, with cor-;
| ;nii exceptions. as a result of the!
in. ..'t I shipp 14 strike.
I in- eli.i.arg ? 1 cflce'i.r immcri
i ;atrly.
It applies ? all car Fad and
If.-, -than-eai ? el freight c n min d
?>r rncniisigncd !?? any |imt . km and
I ir.tcii'lrd n? export. cnast-wi e or
illter-cna; I ii im> <in 111 by water, m
?ludng expert ;i. iglit intended tor
-t? -1 'iwithin the port ana. with
1 'lie e exception:.'
1. ("train, soy beans, flax seed and
malt, in bulk.
2. Petroleum or petrnle .111 pniri
ncls in tank 1 nr.. to lie unloaded
from '.ars be|. . <? u\ ci'a'.i. sir pmeiit
Cf.al Af.ctrd
3. C'eal or coke in bull: wbci
moving to ports Hampton Ii ad.. . 11
not th.
4. Freight <? ttsigncJ t the army
navy, marine eorpr. or co gnrrd
j 5. Freight lor storage wiicn eon
| signed to public warehouse, or ii
I care .of '.lie port terminal carrici
for carrier storage. providing prim
arrangements have been made Im
! such storage.
fi. Freight covered l?y nt ed
; erinits issued t>v distri: t man ? ? ? -r.
of the ii:soeiat'on.
The organization said the ? . _
was issued as a re it of t ie e it
cited strike of ma i'tme v/e.ri. an!
to prevent congw-ti'-n at th'- p .'
.
U. IN. Council
HearsGreece
Deny Charge
i
Lake Success. I,. I.. N. Y.. Sept.
?i/Vi?Vif-ili Dondrant... Greek
representative to the United Nati> ns.
charged today th t the Soviet Union
is tarrying < 11 a "war of nr.*vs"
against I lie f J reek government, lie !
v igoroisly denied Russian ucotlsa
tinns that Circeee is threatening tii"
peace of tlie linlkans.
I'eiidramis appeared before the
United Yat. >ns Security Cniined to
present Grocer's answer to (lie eh; rgr ?
made yesterday by Diimrl Mamiil
sky, foreign minister of the Soviet
jm line, and < ullined earlier l>y An- (
Irci G|efr..v!io. fit* Soviet Union1.. I
lelegafi to the ro-'iiril
Tli" (Jrrek representative railed
today's situation, in whie'i Girorr ,
for ilic sec n I time in the yea. h
diern railed <n to defend itself he
| fore Ihe seenrify eotint ? a ? bitter
I drama."
, Instead of threatening Ihe Aiba
n'nns and flulgnrains. Dcndr.unis
said Ciret re is more thtin ever de
er ted to pr ? e. I!.* called !hc At- t
! banians and Unitarians "heidious
| collaborationists" in the war. 1
Heireus Attempts
To H?inj? Himself
In Chicn^o Jail
Chicago. Sept. ?i.Ti?Willlsum 1
Heirens. triple-murderer awaiting
mirt determination of hi. p apish
ment tried inisiirrcssi'illy 10 hang'
!? i :n.* el I ill 1 ie ? '? .? . ? ??? mly (Ch: ? i;*o>
jail carlv today. a g ia?"'l reported !
Tlv guard in nue 1 Warden Ki m!
I-".tin that when lie i anii* on duty at
1 a. Ill llencilo Was halloing 111 a I
iii <1 <> fashioned rnidoly with ;i bed .
heet 'I he guard eal hot (town I '
ll.re the Me.In In I i'iiii icinll;lie:;..
Ilem II ' attempt !? kill hiniselt
was his third since Ins capture and'
confession of three Killings and
more than a score of r- . .cries an i
assaults. I reviotisly he had t;: d
to break open head wounds in
hope that he mi h! hired to death
He ulso had rollerted a tore ?>! as
pirin tablets in the i.eliel tiiat a
large overdose might I'.ili him.
The 17-.vear-old student newt.-'
attempt on his life e:ei e .. the Stat'
prepared to rinse i' !>;? e on ol
evidence upon which Chief .1 i-t
Harold I>. U aril o !'? e c: i ani.il m irl
will determine the penalty to ia
1 ??\ iorl 'tfniul lit
Plane C rash
Feared Fatal
To Over 20
Elko, Nex., Sept. ?>. ? .-1 ???A l\vo?
engincd transport pi.mo of the
Trans-Lnxury Ait laic. on a trans
conliiHiit l ilirlit e; ashed tlifi*mile
west 't ho:c ! day with a probable
death toll < f 23.
A two-yc ir-< Id toy \ t. tho only
survivor. airline officials in Han
I'ran i. u report.'il. One wo.i 11 pas
senger was brought t < a h ispital and
died several hoars af'cr lite trag
edy.
?| he Of-3 plan
2 a. Ha (I'KT) .i slv . <i: t nee
the 1 Iko airport, 'l oo i a ntry s
Hat although the ; ill'/sed t.'n y turn ii
lainr. are no .ivy.
A San l*'rai.' iseo niriine .. n!<es
;nan said (lie cause was in i immed
iately determined. The -raft was
in mule from New York to San
Kraic is', o.
t'lko i' roughly midway between
Salt Like fit" and ll'iio.
The an line sr"ki nail saifl in S in
I ' Iia ? lid it . leio 'd '.aiwcd the
Intel ti lo. or of |>,as- :is a oar I in
olliiiiuu Hi" ? low was 21. 'I ho plane
wa - 'it ' eiiai fei fli'ht. with a p.. -
si imer list mad" up trim \ annus
rni elated applicants.
NEW YORK COTTON.
New Ymk. Sept. a. ? -> ft- Cotton
futures op ned 20 to Pi cents e hal ?
higher N'oi ii prices were la to <> t
cents a bale higher. October 30.14.
December 30.13 and March 35.86.
Seamen On Three
Coasts Walk-Out;
Tie-Up Effective
New York; Sept. .V?'/Pi- , j
seamen strucK in Atlantic, (Jsilf aivl
Pacific ports at noon KPT hulay, in
a tic-np uiii?n leader-: forecast would
Mop all -all wn'rr shipteilk.
President Truman announced thnt
I lie f!i.-i>ut" " * . 11 si 'tat inn of n; ,n
lialrd wax< increases by the Wage I
Stab li !>iti( i: Board was in tlie hati is ;
of Kali -1 Sect tity Schwcilenbac'o
In New York and Rillimorc.
looml -i o( th>- Seamen.-. Interna
tinnal t'nmn and tit" foaiii?-n\- I'nion
"I .h" Pacific bciion walking off I
ships several lioui before * If* chc
dulcd Itonr.
100 I'rrcrnl I'ffort'vr.
Shottly after ivkhi .loltn Hawk, ;
v ire-president ot tit.- SP'. etiil'inn ?
ed here "the strike is on; it is in ef- \
tut and 1 n'l no-rent effective."
'lite sliil.e tit. on appriisiniol'
iy Inii.filiti AKI. ? ?iiic-n an I :i Hi.ililfl
?tin -r AKI. union member- ni l til.
('ln-\'iitioii:i! Martini ? I'liinn which
ha-, announced i; would i b. erve
picket I inc.
I lie dispute i not between the
iiiiikii ami .hip i.p.-snlnrs hut in-dead
finds hoth arrayed nyuin t the WSII
which i l l used to approve a $27.ad
niMiithly wam- increas ? to which both
I tar tics had agreed. The board held
that any rai: e om $17.5(1 would !)"
inflationary.
Defense Rests
In Ewing Trial
At Fayetteville
FnyoltcvlUc. Sept. 5. (/Pi?The
defcn.-c i (??toil ils case kmI.i.v after j
ha\ ing fought vainly t ? present tes
timony (hat there i- insanity in the
family of Wall C Kwins. Cumber
land ci unty political leaner, who is
on trial for Ins life for the slaying
last Mai h IS of his wife.
The defense notified .lodge It.
Hunt Parker shortly after noon that
it had completed its ease, and the
judge ordered a recess until Friday
morning to allow Solicitor K. Krtle
Carlyle to prepare rebuttal testi
mony. The ease now i.. not expert- j
ed to reach the jury until next
week.
In attempting to present testimony
that there is insanity in the Swing
family, the defendant's ye mgos
brother, Kent ('. Kwing. was askc
the following rpioittio.i: ' 1) > vo i knov
of yotir own knowledge that ther
is insanity in your f imily""
S',oliciti r ("arlyle < ' jeetcd an I 1
othei ?piestions in t ie same vei;
.fudge Pinker a 'ainerl (he o'.ijei
tics, and the .'.Tic ? ?ewers yen
wlnspered to the em it reporter si
that the Jury endd n I hear.
In his lesti-in ny. vn; nt? Ewini
<aid I here had l?pn sever; I ea-c
if in ? nity i'i li fwilv. t vat h
I brother Ho'.ie"! iniwittod suicide .
he age of 1" in 1 that kh aunt he
| ctn committed to a hospital for tV
insane.
Contracts
Solon Releases
His Statement
To Committee
Law-Maker Denies
Any Profit Frcm
Garssc.il Cc.-nbine
Wi. hnr;t< n. Sept. 5.?oV)?Hep.
Andrew J. May offered today to
sulaiiit to S. nate War Investigating
Committee tjuertionin v--either im
mediately at In.- I'lc.tonburg, Ky.
home or m Wa: him ton.
A sulj-eoaimittee i I the group
whieii .vp at \\ i arli?v this sum
mer delving iito the war-time op
erate n ii the (iar.M.n inanitions
eomhine could meet with him in
Kentoel'v. Vav wrote Chairman
Mead (D) of New York, or a for
mal session eon Id he arranged here
at a dale "as determined by my phy
sician."
* Simultaneously. May. chairman of
the 'louse Military Committee made
I ublie a statement wh'.eh be said
would have been read to the Senate
committee en July 2(1 if illness had
not prevented his appearance in re
sponse to a suhpeona.
Denies Anv i'rofit.
In the statement, the Kentucky
Democrat ivin rated previous asser
tions that he ri.ri not profit in any
way from his association with the
eomhine. and specifically that lie re
ceived no compensation for aiding
in the operation of the Cumberland
Lumber Co.. one of the Garsson af
filiates.
On the e ntr:i".v. May declared, he
.-fill iias coming at least $059.31 for
out of pocket expense which he said
he incurred in its behalf.
The letter and accompanying
.statement were muds public by
Daniel Anderson. < :rr of the May's
Washington attorneys. A copy also
was delivered at ? .Senate commit
tee's office.
Aliic To Leave fled.
"At the present time." May wrote
Mead, "I am able to be out of bed
a short tintc in the morning and the
afternoon. Should your committee
desire to conduct further examina
tion of me. I would be very happy
to meet with a sub-committee hero
in Prcatonburg,. now, per your de
: ire as expressed m a recent news
release, or at any time later as de
termined by my physician, in for
mal session in Washington."
Conceding that he had acted as
Kentucky agent tor the Cumberland
company. May said in his statement
that he "neither asked nor received
any compensation or fee for any
thing I did." He denied that he had
held any financial interest in the
firm.
.?
l ax Rulings
Are Released
By M Mullan
UV I.Y.VN MSBKT.
Daily ilispalrli Bureau
Raleigh. Sept. a.? Most of the op
luions gn i'ii l>y the attorney Ken
oral office during .tune and in
olndcd in the digest relcatted today
dealt with the powers of municipal
corporations ami various phases if
the tax quest ion.
A police officer, said the attorney
general, can oxcroi.i only such pow
ers as may he granted by the legis
lature. and in absence of .specific
legislative act. a municipal hoard
cannot extend such power by or
dinance.
Street bond issued for specific
I imposes of providing water hound
inaonnd paving cannot be longer
than ten years.
I'ndor state law municipal cor
porate ns arc authorized to abate,
it move or remedy conditions within
the eoipovate limits or within a tnilu
thereof which are detrimental to
public health. Consequently ordin
ances agauist dumpin . refuse in the
water of a harbor, or similar situa
tions. come within the scone of valid
health ordinances.
Ceilings Taken
Off Cosmetics,
Put On Meat
Washing! n. wept - (AV ? OPA
I erased ceilings fmrii low priced 1 ip
] slick. I""l!ipii. l? and other cosmetics
today l>nl put the 11 I back on meat
at wholosab
This i- Ihe hi.l stop in prepara
tion lor (lie ret urn of butcher shop
ceilines Monday
At the same time. OI'A promised
full scale war-fare on the black
market m ineat, (IcclarinJ it is kocip
j inn a sharp watch on companies
in New York and Chicago which
are holding bin slocks bought at
"very high prices."
Face powder, face cream, founda
tion cream anil similar cosmetic
items if they sell for 25 cents or less
an item, are being suspended indef
initely from price control, OPA said.