Newspapers / Zebulon Record (Zebulon, N.C.) / March 4, 1938, edition 1 / Page 4
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THE ZEBULON RECORD, ZEBULON, NORTH CAROLINA^ FRIDAY, MARCH 4,1938 BEHIND THE SCENES IN AMERICAN BUSINESS By ORTEN B. MOTTER GENERAL—Evidence of im proving business sentiment was noted on many fronts. Production of automobiles last week recorded a slight increase and manufac turers reported better than ex pected retail sales. Retailers say business is holding up well despite unseasonal weather, and many merchants look for a great im provement by Easter. The steel industry continues to operate at approximately 31 per cent of ca pacity and observers forecast a spring rise with orders expected from the automobile, construction and railroad industries. 1926 PRlCES—Restoration of prices to 1926 levels would be a real bonanza for farmers. The 1926 price of wheat averaged $1.64 compared with 95 cents last week. On an average annual production of 700,000,000 bushels, income of wheat growers would rise from $665,000,000 a year to more than one billion dollars. Cotton today is nine cents a pound compared with 17 cents in 1926. On a production of 15,000,000 bales, the annual va lue would be $675,000,000 at to day’s price, $1,275,000,000 at 17 cents a pound. NEW PRODUCTS—Air condi tioning for passenger automobiles and a new tire having sensational non-skid performance characterist ics excelling the premium priced tires of other manufacturers are two developments of current inter est in the business world. Sever al auto monufacturers are already offering air conditioning units as optional equipment on new cars, with the possibility that 1939 mod els will have it as standard equipment. The new tire, though not yet announced, will soon be put on the market, at no extra cost, by one of the three major rubber companies. HEADLINES Federal public debt creeps to new height of $36,- 600,000,000 . . . Radio dealers slash prices 30 to 50 per cent . . . Auto manufacturers plan million dollar advertising campaign to push used car sales . . . Figures reveal farmers bought 6 per cent more general merchandise last year than in 1936 . . . Price de clines bring heavy losses to cotton yarn spinnets . . . Over an acre of aluminum foil will be used to in sulate dome housing telescope of California Institute of Technology on Palomar mountain . . . Admin istration moves toward easy mon ey policy in relaxing gold sterili zation program .. . Movement for $8,000,000,000 super highway grows . . . Goods bought on time last year valued at $5,000,000,000. Public utilities’ January profits off 8 per cent . . . Freeport Sulphur Co. estimates sulphuric acid con sumption last year at all tme high. Great Britain submits new plan for settlement of war debt to the United States. LONG TRAlNS—Railroad labor has contended that long trains in crease accident hazards. An analy sis of 30,000 railway accidents in 1936 by L. W. Sillcox, vice presi dent of New York Air D.akes, goes a long way toward disposing of this theory. The analysis shows that only one in every 13 persons fatally or permanently injured was a trainman. More than half were tramps and trespassers. A quarter were ordinary" citizens who became involved in grade crossing smash ups. Os 12 trainmen killed by the shock of colliding cars, only two were members of long-train crews. ‘THE TAX LIFE OF A CONNECTICUT YANKEE” The magazine, Life, in its issue of January 17, illustrated the place taxes take in the daily life of Mark J. Lacey of New Britain, Connecticut, a public spirited ciit izen who volunteered to be the “guinea pig’’ for the experiment. Mr. Lacey is president of a hardware and tool manufacturing company which has 1,100 stock holders and £OO employees. His salary is $27,000 a year. In addi tion to being one of the 2,000,000 citizens who pay a personal Feder al income tax, he is one of the 3.5 per cent of that group who earn over SIO,OOO a year and who pay 86 per cent of the total income tax. He is typical of that group of bus iness men who keep the wheels turning in industry to employ the bulk of the nation's industrial wage earners. Here is the way Life pictures him paying his principal annual taxes: Personal Federal income tax, $2,086. Tax on his home, $565. On each of 1,825 packs of cigarettes, a Federal tax of 6 cents a pack, sllO. Liquor for business enter taining, though temperate himself, 58 cents a quart, Federal tax, $174. One cent a gallon Federal tax on gas, $26. Theatre admis sions tax, $45. Club dues, S4O. Toilet preparations tax, S3O. In the fiscal year 1937, his com pany earned $170,000 taxable in come; paid $58,000 in direct Fed eral taxes, and local and state tax es of $29,000, or a total of $87,000. While his company’s sales rose 26 per cent over 1936, its taxes rose 88 per cent. Life further pictured where some of Mr. Lacey’s tax money went: Government employees got $387 of it; WPA reliefers, $567; -war veterans, $185; social security, S3O which Mr. Lacy pays on him self, and an additional $32 for so cial security deficit; public works, $283; Federal road funds. S9O; national defense, S3OB. He paid $142 into the $450,000,000 pot for the farmers. The public debt has increased to such a point—s37,- 000,000,000—that Mr. Lacey pays S3OO for interest alone on it. It would look like the govern ment and all the people had a very direct interest in encouraging in dustry in the nation, both large and small, if for no other reason than to have sources able to pay the staggering tax burdens of gov ernment today. checks /I £% /I COLDS nnli and 111811 FEVER W V W first day Headache SO minutes Liquid, Tablets, Salve, Nose Drop* Try “Rub-My-Tism”-World’s Best Liniment Beware Kidney Germs if Tired, Nervous, Aching Are you Run Down, Nervous, suffer Achins or Bwollen Joints? Do you Get Up Nights, oi suffer from Burning Passages, Frequent Headaches. Leg Pains, Backache, Dizziness, Puffy Eyelids, Loss of Appetite and Energy? If so. the true cause often may be germs developed In the body durirg colds, or by bad teeth or tonsils that need removing. These germs may attack t v, e dedicate mem branes of your Kidneys or Bladder and often cause much trouble. C' .ary medicines can’t help much because t icv don’t fight the germs. The doctor’s formula Oystex, now stocked by all druggists, starts fighting Kid ney germs In 3 hours and must prove entirely satisfactory In 1 week and be exactly the medicine you need or money back Is guar anteed. Telephone your druggist for Oystex (Slss-tex) today. The guarantee protects you- Copr. 1937 The Knox Co. STATE OF NORTH CAROLINA DEPARTMENT OF STATE CERTIFICATE of DISSOLUTION To All To Whom These Presents May Come —Greetings: Whereas, It appears to my satis faction, by duly authenticated rec ord of the proceedings for the vol* untary dissolution thereof by the unanimous consent of all the stock holders, deposited in my office, that the Zebulon Supply Company, a corporation of this State, whose j principal office is situated at Cor. 'Arrendell Ave. and Vance Street, *in the town of Zebulon, County of Wake, State of North Carolina (C. V. Whitley being the agent therein and in charge thereof, upon whom process may be served), has com plied with the requirements of Chapter 22, Consolidated Statutes, entitled “Corporations,” prelimi nary to the issuing of this Certi ficate of Dissolution: Now Therefore, I, Thad Eure, Sec retary of State of the State of North Carolina, do hereby certify that the said corporation did, on the 4th day of February, 1938, file in my office a duly executed and attested consent in writing to the dissolution of said corporation, ex ecuted by all the stockholders there of, which said consent and the record of the proceedings aforesaid are now on file in my said office as provided by law. In Testimony Whereof, I have hereto set my hand and affixed my official seal at Raleigh, this 4th day of February, A. D., 1938. THAD EURE, Secretary of State. Feb.ll March 4. NOTICE OF SALE OF REAL PROPERTY Under and by virtue of the pow er and authority contained in a certain Deed of Trust from Frank I. Bailey to A. R. House, Trustee, which deed of trust is recorded in BUY A MODERN CAR NOW-whiu YOU HAVE MORE TO TRADE AND LESS TO RAY % ft Get there early while the choice is wide — fine cars now offered at rock-bottom prices This National Used Car Exchange Week gives you a great opportunity to OWN A BETTER CAR for a small invest ment. Automobile dealers co-operating in this big sale have a fine selection of used cars and prices are far below those of several months ago. Many are 1937, ’36 and ’35 models backed by the finest of dealer guaran tees. All have thousands of miles of first-class unused transportation in them. And the “first-class” transportation of these modern cars represents satisfac tion which the owners of older cars can hardly imagine. Beautiful, modern styl ing —a more comfortable ride more room for you and your luggage finer, SPONSORED BY THE AUTOMOBILE DEALERS AMD MANUFACTURERS OF THE UNITED STATES Book 765, Page 103, Wake County Registry, and default having been made in the payment of the note secured thereby, and upon request of the holder of the note, the un dersigned Trustee, will offer for sale to the highest bidder, for cash, at the Courthouse door in the city of Raleigh, Wake County, North Carolina, on Saturday, March 19th, 1938, at twelve o’clock, M., the following described lands: Beginning at a stake in the cor ner of lot 6 in Sanford Keith’s line, thence with said Keith’s line E. 210 feet to a pine, said Keith’s and A. D. O’Neal’S corner, thence with said O’Neal’s line S. 86 3-4 degs. E. 490 feet to a poplar on Water Fork Branch; thence down the meanders of said branch, about 960 feet to a stake, corner of lot 1; thence with line of lot 1 W. 720 feet to a stake corner of lot 1 in line of lots 4 and 5; thence with line of lots 4 and 5 N. 16 1-2 W. 957 feet to the beginning, con taining 15 acres, being the same however, more or less. Being the same lands conveyed to the party of the first part by L. A. Ray and wife, Carrie Ray, by a deed of date Jan. 2nd, 1926, and recorded in Book 712, page 58, Wake County Registry. Reference to which deed is hereby made for a more perfect description hereof. This the 14th day of February, 1938. A. R. HOUSE, Trustee. NOTICE OF SALE Under and by virtue of acer- * tain deed of trust executed under date of July 2Uth, 1937, by Willie O. High and wife, Lizzie High, J. Neal Burnside, and wife, Fannie Burnside, which deed of trust is recorded in the office of the Reg ister of Deeds of Wake County, in book 755, page 58, default having been made in the payment of the indebtedness thereby secured, the undersigned Trustee will on Mon day, March 14, 1938, at 12 o’clock, noon, at the Courthouse door of Wake County in the City of Ra leigh, North Carolina, offer for sale to the highest bidder for cash, the property described in said deed of trust, the same being as follows: That lot or parcel of land lying and being in Little River Town ship, Wake County, North Caro lina. Beginning at a stake on North side of Hillsboro road, cor ner of Lot No. 6; thence N. 6 deg. W. 75 2-5 poles to a stake on Green High branch; thence N. E. along said branch to a stump and pointers Jerry Corbett’s corner; thence S. 81 1-2 deg. W. E. 8 poles to rock, John Broughton comer; thence S. 85 deg. W. along said road to the point of beginning, containing 12 acres more or less. E. D. FINCH, Trustee. F. D. Finch, Atty. Feb. 18-Mch. 10. more powerful engines better gas mileage better brakes bigger tires dozens of improvements introduced since your old car was built. C Now’s the time to make the switch, while you have more to trade and less to pay. Your present car may cover the down-payment—balance on easy terms. If you have no car to trade, you can still take advantage of the low down-pay ments and easy terms during this sale. • BRING IN YOUR OLD CAR DRIVE OUT A SETTER CAR EASY TERMS »
Zebulon Record (Zebulon, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
March 4, 1938, edition 1
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