Newspapers / Zebulon Record (Zebulon, N.C.) / Jan. 2, 1942, edition 1 / Page 2
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Page Two THE ZEBUL ON RECORD 'T'" - CoroLno vX __________________________ THEO. B. DAVIS, SR. Editor MRS. THEO. B. DAVIS, SR. News Editor Subscription: SI.OO per year; .60 six months Entered as 2nd class matter June 26,1925, at the Post Office at Zebulon, N. C. TROUBLE AND 1942 "Let not your hearts be troubled —Such an admonition in this hour seems impossible of bringing hope or courage to a world steeped in sin and filled with the din of battle. But these words were spoken only to those who put their trust not in armaments but in the Lord. Every one who joins forces with God, needs neither be troubled 01 afraid no matter what comes. As for ourselves, our desire and purpose for 1942 is to be assured first of all that we are on the Lords side. It is a personal matter for each of us. If we have the con sciousness that "underneath are the everlasting arms, and that we have the Power of God with us; then there is none to molest or make us afraid.” It is not nearly so important to know whether God is on our side as it is to be assured we are on his side. Believest thou this? WAGE AND HOUR LAW News reports tell us that some of the employees at the State hos pital work 60 hours a week and receive from $35.00 to $40.00 per month.. It appears to us that both the State and the government should overhaul its wage and hour laws and make a number of chan ges. As the matter now stands, the learner or apprentice in many instances cannot get work, for the employer naturally wants a skilled worker if he must pay a high wage. As we are now doing, they will use machinery which will not only eliminate many workers but will turn out several times as much as hand workers and at probably one fourth the cost. The law was made for labor, but as it now stands, it certainly is working to its disadvantage in many cases. THE CHILDREN'S HOME SOCIETY We have followed the course of the N. C. Children s Home So ciety located in Greensboro with a great deal of interest for a long time. We remember its activities in caring for homeless children al most longer than we recall the work of Baptist orphanages. Since its organization it has placed in approved foster homes 3,544 children. Wherever possible we believe the service rendered by this society is —fetter on the whole than even our fine orphanages. When a child is I pllftred in a good home it is no longer a charge to the public or churches I and the advantages also of being reared in a home under norma! I conditions I Ori!| November 1, the Home had 7 children in its nursery and I during tA month four others were received. It is supported by free f will contributions. Should the gifts to this institution be larger then it would be able to render a better service in its field. So at this Christmas time we hope the generosity of thankful hearts for the Christ may movt the people of our state to give more liberally than ever before to this Home engaged in seeking homeless children. A more Christian act could not be done than making such a gift now. YOUR PART OF THE PUBLIC DEBT You, your sweetheart, or maybe it is the wife, and children, each are responsible for $521 of the national debt, that being the per capita debt load of every inhabitant of the continental United States. It is an increase of s4l for every person during the past year. That’s the way the Federal Government calculates the national debt at a new high record of $69,162,000,000 at the close of the last fiscal year. And it will mount by leaps and bounds for the next sev eral years—till the war is won by the Allies. After paying one s taxes he should save all possible from what is left. Such a depression as never known will in all probability follow this war. Every dollar saved will be needed by every one of us. GOVERNMENT BONDS The Treasury Department in Washington is gratified by the huge sales of Government bonds because these sales help to fifinancc the war and prove that the public is backing all activities and plans of the Government. Viewed from any standpoint Government bonds are a safe in vestment in which no one will lose his, or her, capital even if the purchasers do not receive large returns on their investments. And, for every person who possibly can to buy a bond not only is a wise thrift move, but it will help win the war against Nazism. TOBACCO SEED ! Bells and Moss, Recleaned. Seeds of all kinds. Canvas Scarce. Buy While Can Get It. Supply Limited A. G. Kemp Zebulon APEX N. C. Office Phone 2101—Res. Ph. 4291 Office days without appointment every Saturday and Monday. 1 Hours for eye examination Satur day 9 A. M. to 6 P. M.; Monday 9A. M. until Noon. If it is not convenient to see me on above days write or phone me for an ap pointment. MRS G. S. BARBEE Agent of The Hospital Care Association, Inc., Durham, invites communications with regard to Hospital Insurance L l Sinclair Products Gas, Kerosene, Fuel Oils Phone 2191 for Service R. W. Liles Zebulon Elite Beauty Salon Mrs. Nellie Kemp, Owner fc Mgr. DEPENDABLE SERVICE UP-TO-DATE STYLES No. I—Zebulon No. 2 —Wendell Phone 3721 Phone 2716 Babson’s Forecast of 1942 Events Speaks of Dangers (Continued from page one) an important factor, but blockad ing takes time whether against 1 Germany or Japan. Uprism gs May Come All of this means that the only f hope of bringing World War II !to an end during 1942 is an up rising of the Germans, Japanese, ! and Italians, or of the people of the conquered nations, or of the people of Great Britain, or of the United States. To have the peo ple of any of these countries quit and go on a ‘sit-down strike” would bring the war to an end. I can visualize this taking place sometime after 1942; but I can not visualize it as coming about in 1942. In this connection let me remind readers of what I said last January regarding the de struction of crops and fuel sup plies during 1942. Therefore, I say that there will be no peace in 1942; that many non-defense in dustries will be depressed through out 1942; and that business as a , whole has already seen its peak The war may even last two or more years after 1942; but after 1942, two months before it ends no one will foresee the end. i Real Estate Will Hold Firm Prices of farm lands should strengthen during 1942. Farmers will be more prosperous. The only investment which farmers know is land. Many will be so foolish as to again get land poor as they did following World War I. There also will be some pur chasing of small farms as inflation hedges. It looks, however, as if : —other than in defense areas —the J ‘ small home” industry has about reached ltji peak and will begin to slump off in 1042. Ordinarily this should result in increased rents and an increased demand for houses already built. It must be remembered, however, that where a third of the workers will have more wages and want to move into better houses, two j thirds of the worker will have no I wage increases. Many will have wage decreases. Some will see their expenses so increasd that they will be looking for cheaper homes as well as for cheaper cars. Readers who have real estate which they would like to sell should make a strong effort to sell it during 1942 at least sell enough to get out of debt. What About Retail Trade 7 Merchants in the defense areas should have a good year. I am not so hopeful for those outside defense areas. Certainly, the num ber of sales will be smaller al though the total gross may hold up. Expanding the draft age may have a dampening effect on re tail trade later in the year. The 1 new draft call may also cut the labor supply of many industries. Blackouts are another factor in ! retarding consumer buying. Hence, merchants should increase adver tising appropriations if they ex pect a good year in 1942. I ad vise merchants to keep down ex penses; avoid wage increases! and get out of debt. If someone else offers your employes more money than you are now paying, let him have such. After the war they will come back to you glad to work for less money than you are now paying. Don t speculate ’n merchandise. Keep well stocked on standard goods, but avoid style goods which are hard to carry over. Inflation is with us and .3 gradually increasing prices at the rate of from 10-15 percent a year. Legislation can check it, but it can no more stop inflation than can legislation stop crime. Re member that when the war stops, it will stop suddenly. Therefore, The Zebulon Record *— merchants should keep close to shore. Residential Building Will Decline Residential building during 1941 increased, as a year ago 1 forecasted it would increase. Hence, I do not like to risk my good reputation now in giving a ■ figure for 1942. I believe, how ever, that using costs, scarcity of : certain materials and the provok : ing way in which labor has acted is hurting residential building. Surely it will show no increase in 1942 over 1941; while I should not be surprised if it fell back to 1940 figures—possibly to the extent of 10 percent to 15 per-1 cent. Public works and highway construction will be less in 1942 j than in 1941. The building of industrial plants will continue in j good volume during the first six months. Pleasure car production will be cut 50 percent. General export trade, except for war pur- I poses, will also fall off. This will especially be true in the Pacific due to Japan's attack upon us. j Remember that—as a rule—the curves for residential building, auto production, and non-defense foreign trade generally go in the : same downward direction. Utilities Should Improve The utility industry is basically sound. With a few exceptions when high-finance crept in, the utilities have been conservatively and efficiently managed. They have been foremost in reducing the cost and improving the quality o ftheir service. Yet for some unknown reasons the utilities have been persecuted, taxed, sand bagged, and strangled as never has I any , legitimate industry before. When a financial history of the 20th century is written this unjust and unnecessary abuse —climaxed with the SEC “death clause” will be its big black spot. What of their future? They will con tinue to grow and improve their service. All the bonds and stocks of the operating companies should be good investments. The bonds and preferred stocks of the hold ing companies should sell during 1942 for more than present prices. What about the common stocks of the holding companies? Well, those not preceded by bonds and oi preferreds should be okay. In liquidation they should get more than they are now selling for. As for holding company stocks, pre ceded by bonds and-or preferreds, I have my doubts. Yet some of these at present prices may be worth holding. Price-fixing should help the utilities. What About the Railroads 7 Nineteen - forty-one has been the ; best year that the railroads have ' had since 1928. The total gross for 1941 will be about $5,300,- 1 000,000 compared with $4,300,- j 000,00 in 1940; while the net for 1941 will be about $925,000,000, compared w T ith $682,000,000 in 1940. The coming year 1942 will show higher figures both for gross and net earnings; but if so, I 1942 may be a good time to get ' out of railroad securities, Yes, ' get out and stay out. After 1 World War II the railroads are r sure to get an awful licking from > shipping, airplanes, pipe lines, : auto trucks, motor coaches, and 1 i private cars of all kinds. Besides, 1 the recent railroad wage award is : j very unfair to the railroads. The ' ICC and the Brotherhoods are i killing the railroad industry. The : sooner the government buys the railroads, the better off investors - will be. i Money Rates and Bond Prices Money rates will stiffen during , 1942; perhaps not appreciably, , but some. Certainly any change that does take place will be on the upside. The U. S. government cannot spend about S3O billions a year ($575,000 per second) mostly for firecrackers” without an ultimate strengthening of money rates even though one-half l of the sum is raised by taxation. This ultimately means higher yields for Governments and cor ; poration bonds. Certain medium grade bonds should sell at higher prices during 1942. The money rate pendulum has swung from j high to low and vice-versa for ! 2000 years. It will continue to swing. The present decline in gold imports foretells the next swing. Gold imports are now I running only 25 percent of 1940, j while loans are increasing. i’ll HU’;i!« OF THE YEAR 1941 CO MPIItD BY EDWARD C. WAYNE an— -2 he year began uith these im portant events: January I —Hitler in a speech predicted “victory in 1941.” 3 —New congress convened, heard President ask “all out” aid for democracies. 20— President Roosevelt inaugu rated for third term. 21— Civil rioting broke out in Ru mania signaling beginning of Nazi “putsch" in Balkans. mmtm January 4—ltalian defense in Albania reported broken. 7 push back crack Italian troops 11—Nazis and Russ sign new trade pact. 17— Russian Rumanian clashes disturb Balkans. 21— Civil rioting breaks out in Rumania 27—Rumanian revolt leaders executed | as civil rioting is ended February 9—Winston Churchill In world-wide radio broadcast asks U S. for "tools, not men" to defeat Axis powers. Admiral Darlan named vice premier and foreign minister of France as Laval loses out 10 — Great Britain breaks diplomatic ties with Rumania 11— Russia reported to have okayed Nazi thrust Into Bulgaria. Nazis fly army to Balkans 16—Britain mines Singapore sea lanes. 18— lapan offers to mediate European war. 22 Nazi army units reported 60 miles inside Bulgaria. 26 Anthony Eden reaches Turkey for war talks. March 1— Bulgaria joins Axis. German troops enter that nation. 2 Turkey closes Dardanelles as Nazis push through Bulgaria to Greek and Turkish frontiers 12— British rush aid to Greece 20 —Crown council of Jugoslavia ap proves program of passive alliance with Axis: Serbs angered: three ministers quit in protest. 27 Boy King Peter takes Jugoslav throne as Axis rule is ended in bloodless coup d'etat. April 3 Bengasi, eastern Libyan capital, taken from British by Nazi and Italians. 6—Germany declares war on Jugo slavia and Greece. Invasion starts. Addis Ababa. Ethiopian capital, en tered by British 16—" Worst bombing" of all time hits London Jugoslav army collapses. 19— Greece announces suicide of Pre mier Korizis King George heads new government. British troops land in Iraq to guard vital oil supplies 22—Nazis crack both ends of Allied de fense line in Greece and reach his tory-famed Thermopylae pass. 27 —Nazis advance guard enters Athens May 1 — Iraq protests landing of British forces to protect oil fields. 2 Iraq forces fight British, shell im portant airport. 6—British regain control of Iraq oil §ipeline talin takes U.S.S.R premiership. 12—Rudolph Hess flees Germany and lands in England. 24 —Largest warship afloat, Britain's 42.- 000-ton Hood, is sunk by new 35,000- ton German battleship Bismarck. 27—British navy sinks battleship Bis marck after thrilling sea battle. June s—German forces reported in Syria. B—British and Free French forces in vade Syria 10—U. S. freighter Robin Moor reported sunk by Nazi U-boat in mid-Atlantic. 21—British and Free French in Syria take Damascus. 22—Germany attacks Russia. 23-30—Brest-Litovsk, Vilr.a. Kaunas. Dvinsk and Lwow fall to Nazis as Russians hold on north and south fronts. * July 2—Stalin orders "scorched-earth” poli cy for Russia as Germans advance. B—Britain hails U S occupation of Ice land. 12—Soviet claims sea victory over Nazis. Russia-England sign mutual aid pact. Armistice signed in Syria. 18—Japanese form new cabinet under Prince Konoye. 23—Vichy France accepts Japan s de mand for military control of French Indo-China _ _ / 25—Japan's assets frozen by U. S. and Britain -28—Finnish government breaks relations with Britain. August 7—First Russian air raids on Berlin. ! 10—Russia admits Nazi gains in Kiev | and Leningrad sectors. 14—Winston Chutcnill and President | Friday, January 2,1942 “Give on inch, he'll take on <•//” —John Webster JANUARY 1— First American flag un furled by Washington at Cambridge, Mass., 1775. 2 Hauptmann trial forLind- Q Wl bergh baby kidnaping begins, 1935. U3—lnstitute of France de ! ' CIC j ciaes against admitting women, 191 L 4 Panama Canal Co. of , ,4.1 \ fers property to U. S. for tSpp 3 $.10.000,000. 1902. 5 British take Bardia from Italians. 1941. , 6—Employers' Liability Law held unconstitutional, 190a „ . 7— President Taft dismisses “ limGi Giffcrd Pincho! for insu- JaW ! bordinalion, 1910. ■ n WNU StrvM* Roosevelt meet at sea and issue eight-point declaration of peace aim* 18— Soviet agiees to conference of Rus sia Britain and U. S 24—Russo-British troops invade Iran. 29—Hitler and Mussolini end conference on "eastern front." September 1— President Roosevelt calls on U 8. to crush Axis power. 4—Nazis claim Russia thwarted on Black sea. 7 America freigb'er Seafarer bombed and sunk in Red sea. 19— Nazis report fall of Kiev. 24 Anglo-American peace aim* and post-war food pool plans approved by 11 Allied governments In London. 27—Guerrilla fighting causes Nazi* to send three divisions to Serbia. 29—British-U. S. commission for aid to Russia opens in Moscow. October 3—Executions reported curbing anti- Nazi uprisings throughout Europe. 10—Russians admit troops are falling back toward Moscow. 12—Women and children ordered to leave Moscow. 16— Japanese cabinet falls and Is re placed by one more "warlike." 17— Part of government evacuates Mos cow. 21—Russians hurl back attacks on Mos cow front Fifty Frenchmen ordered executed, for slaying of Nazi army official in France 25 Nazis report fall of important Russian city of Kharkov. November 3—U S. warns Finland to cease fight ing Reds. 8— U-boats will fire on U. 8. ships, says Hitler British lose 52 planes in sweeping continent raids. 12— Finns reject U S. plea to make peace with Russia. 13— British aircraft carrier Ark Royal sunk by torpedo. 20 — British launch new surprise offensive in Libya. 26 Nazis break through to flank Mos cow Axis troops slow British Libyan drive. 29—Russian recapture important city ot Rostov. December 2 Italy bares big revolt plan; attempt to kill Mussolini fails. 6 Britain declares war on Finland, Hungary and Rumania. President Roosevelt announced he had previously dispatched peace pit* to emaeror of Japan. 7 Japan unleashes devastating surprise attack on Hawaii and Philippines and follows this with declaration of war on U. S. 8 — U. S. declares war on Japan, as doe* Great Britain. Germans give up winter attempt to win Moscow. 9 Japanese planes reported over San Francisco bay; “mistake" alarms in N. Y. Manila bombed; Japs claim captur* of Guam. 10— British admit loss of warships Prince of Wales and Repulse off Malaya. 11— Germany, Italy declare war on U. S. and congress votes declaration against them within four hours after news Is received. U. S. army bombers sink 29.000-ton Jap battleship Haruna. 13 —Dutch announce sinking of four Ja pan transports; 4,000 lost. 15— R uss report Nazis smashed from Bal tic to Black sea. 16— U. S. destroys 26 Jap planes in smashing Philippine landing attempt. 17— Adm. Kimme!, commander of Pa cific fleet, and two top ranking army officers in Hawaii removed as after math of Pearl Harbor losses. 19—Japanese effect landing at Hong Kong. NOTICE OF ADMINISTRATION Having qualified as administra trix of the estate of Jeffrey E. Carter, deceased, late of Wake County, North Carolina, this is to notify all persons having claims against the estate of said deceased to exhibit them to the under signed in Zebulon, North Caro lina, on or before the 4th day of December, 1942, or this notice will be pleaded in bar of their recovery. All persons indebted to the estate will please make immediate payment. This fourth day of December, 1941. ' Urtrice Brantley Carter, Admin istrix of the estate of Jeffrey E. Carter. D-26; J-2, 9, 16, 23, 30 AUCTION SALE On January 10, 1942, 10 o’clock, I will sell at auction,ll mule and wagon, farm equipment, some corn and hay and othir articles. Jerry Corl|ett
Zebulon Record (Zebulon, N.C.)
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