S associate* * PRESS • DISPATCHES VOLUME XXIV mm TESTIFIES ABOUT LOANS HMOE TO HIM B. Fill Banker Says Fall’s Ranch Owes 'M. D. Thatcher Es tate About sloo,ooo.—No Loan Made Recently. STOCK DEALINGS ARE IAIRED AGAIN These Dealings and Financial Status of Fall Discussed at the Session of the Oil Committe.e (By the Associated Press.) Washington, March 25.—-The Tres Ritas Cat tic Company, of which Albert B. Pall is hpa 11 \mmw < Vys imßm > U|vlm g - Did You Ever Notice That people with money 1 n the bonk have a certain air erf inde pendence? Start saving and • xperiencs that aame feeling of enee, If you will cull « our Savings Window usd obtain • MONET BAKKBU’ you will soon be on the road to success. The Concord Daily Tribune COTTON STATISTICS Supply of Cotton of United States for Cotton Tear Ending July Stst Placed at 13,180.642 Bales. fttv (he AMMtdtrfiHi prem.l Washington, March 25 —The supply of cotton of the Fnited States for the cot ton year which closed July . 31, 1923, fas to have been 13,180.(142 bales, instead of "136,10,218 bales, the special committee appointed by Secre tary Hoover to investigate tlie Census Bureau's staistics. reported today. Controversy over the 569.504 bales used by the Census Bureau to balance distribution determined Secretary Hoov er to have a committee of leading sta tisticians examine the question . The committee reperted that it was able to make material corrections in the figures announced last August by the Census Bureau, but that a difference of'. 355,- 868 bales, or about throe-fifths' of the orginial difference between the supply and distribution, remained unexplained. The committee agreed that the so called city crops, made up of cotton tak en from original bales as samples by buyers, picked from bales damaged by weather and fire and from press sweep ings. should be estimated at 125.000 bales. FOUR BANDITS SEIZE MUCH VALU ABLE MAIL Two Mall Sacks Said to Contald More Than SIOO,OOO in Currency Seized in Hold-up. (By the Associated Press.) Chicago, March 25.—Fo>i" Kar.ilits held up a Postal messenger in Harvey, a suburb, early today, a id escaped wit h 2 sacks of mail reported to contain bet twecu SIIO,OOO end SISO,iKK) in currency consigned to manufacturing companies. The robbers intercepted Win. llussell, a postoffice clerk, x„-ji> was carrying the mn:l sacks from a railroad station to the postoffiee. The robbers seized tie* sacks containing the mm rv and escaped in an na-'omobne. Active in Brooklyn. New York, March 25.—Bandits early today invaded the busy Borough Hail station of the 1 nterborough Subway in Brooklyn, struck down Samuel Ruzzo, the ticket agent, and robbed him of $75, the nighty receipts. Airmen to Use Seaplanes. (By the Anaoclated Press.) Seattle, Wash, March 25.—Four United State* army air cruisers on a globe en circling (light now being converted into seaplanes in preparation for the next lap which will take them to Prince Hu bert, British Columbia, next week, will be swung in to pontoons tomorrow and moored in Lake Washington. Anderson Ready For Prison. (By the Associated' ’ress.) New York, March 25.—Win. 11. An dersen. farmer -statu. of the Anti-Saloon League of Now York. Convicted of third degree forgery, today Surrendered to Sheriff tooting, and will start for Sing Sing prison this afternoon to begin serving his sentence of 1 to 2 years. Revolutionists Control Honduras. (By the Associated Press.) Washington, March 25.—Hondurnn revolutionists are in complete possession of the entire country with the exception of the capital, Tegucigalpa. American minister Morales reported today to the State Department. Three More Aviators to Circle the Globe. Calshot, England, March 25 (By the Associated Press).—ln bright calm weather, A. Stuart MacLaren, Flying * Officer Penderleigh, and Sergeant An ; drews took to the air today in their dicker’s Vulture plane for a flight •round the world. Nurses Suspended For Bobbing Hair. New Orleans, March 24.—Twelve , nurses at Charity Hospital here have i been “suspended indefinitely’’ within the . last) 24 hours because they had bobbed . their hair, officials of the institution an . nounced today. | Bandits Got SSOO. (By the Associated Press.) Louisa, Via., Marcli 25. —The First . National Bank of Louisa was held up at noon today by an unmasked man who . escaped on foot with $50(1 in currency. ! What this country needs most is less ■ things it needs most. r ■ ■ ■ = S the district attorney the ease of Harry , F. Sinclair, Cited for contempt because > of his refusal to testify. CONCORD, N. C„ TUESDAY, MARCH 25, 1924 Victim mi - Tin* is Mrs. Bella Janssen of I’itts burgl and Denver, whose body was found in a trunk at Ogden. Utah’. The trunk had been cheeked from Denver to California. MELLON’S INCOME TAX BATE PLAN IS ADOPTED Senate Finance Committee Passes it B.v a Vote of 8 to 2. Washington. March 21—The Mellon bieoiiiJ* tax rate schedule was voted in to the revenue bill tonight by the senate finance committee in place of the Long worth compromise adopted by the house. This schedule, the center of con troversy in the tax bill, was adopted by a vote of eight to two.. . Not all members of the committee were present but those absent were voted by proxy, except' Senators Mc- Cormick. of Illinois, and IstFollette. of Wisconsin, Itepublichns. whose proxies. Chairman Smoot said in response to questions after the meeting, had not been asked for. The committee is composed of 10 Be publicans and seven Democrats. Sena tors Guerry, of Rhode Island, and Reed, of Missouri, both Democrats, were ab sent tonight but were voted by proxy against incorporating the Mellon rates in the bill, so that the seven committee members of that party stood ns a unit in opposition to the proposal. Post and Flagg’s Cotton Letter. New York, March 24.—The market has been subject, to continuous and severe pressure promoted b.v a sharp break in Liverpool and by a glimpse of better . weather in the. belt which ap parently brought about a decision on theDax/U-ot. some who- had been hesi tating about setTfng to net "at once. lairge blocks of May and July were dumped on the market by brokers with Wall street and western connections. At times there were minor waves of cover ings and the trade was considered a fair buyer at the new lows reached, but the demand ns a whole, while of much better character than the selling, was far inferior ip quantity. -Advices from the goods markets were depressing atul bearish operators antici pate that the break today will en courage buyers of goods to procrastinate further and perhaps bring in further selling by discouraged mills. The situa tion is very complex and unsettled but the best buyer in the world is n fright ened short and there is a host of shorts in this market. POST AND FLAGG. TP Aid Night Auto Travelers. London. March 25. —The National Au tomobile Association is arranging to in augurate next month a night patrol ser vice throughout England, Scotland and Wales, to cope with the inereasiing night road traffic. Men detailed for this duty will be mounted on a special motorcycle and side-cars, carrying illuminated signs. Crop failure, is causing a financial shortage in Scotland, proving nature can do what man can’t. t SURE dividends mean far more than glittering hopes Storing Prosperity The squirrel is smart enough to gather his winter’s supply of food during the months of plenty. Wbat the beast does by instinct, man has learned to do through experience. Are you storing your dollars in a safe place against the time when you will certainly need them? Suvings invested here increase steadily and satisfactorily, due to our splendid plan and careful management. To be sure of yotor dividends take some shares in Series No. 53 of tbla Old Reliable Association. Running Shares cost 25 cents per share pet week. Prepaid shares cost $72.25 per share all stock non-taxable. Begin now. CABARRUB COUNTY B.L. & SAV INGS ASSOCIATION Office in the Concord National Bank ■" - = MILL AT THRIFT SOLD TO HARRY B. KENDALL Employs 325 Operative, and Was Sold .For Million, and Half Dollars. Charlotte. MnV. -4. —Purchase of the Thrift Manufacturing company’s big cotton mill at Tbrlfi, noar this city, by Harry B. Kendall.iof Boston, .Mass., for $1,500,000 was announced lioro this afternoon. Sa’e of thn property was made by W. C. VVilkeCson. of Charlotte, president of the company which lias owned the mill since 1913 wheat i(was purchased from (*>. IT. Robbins ad J. H. Mayes, builders. The Thrift, mill has been one of the most successful tortile properties in this section of the Carolines, having been but little baippenEl by shutdowns on ac ccnnt of lack of demand.! for its product —printed cloth. / The plant has tffi.2oß spindles. 592 looms and employ* 325 operatives. In addition to the t&m Mr. Kendell acquir ed all other a-setsjof the mill including about 400 ncres off bind and 100 homes for the operatives., The property is located on the Pied mont and Northerttl railroad about eight miles from Charlotte and is entirely modern and up-to-date in design and construction. THE COTTON MARKET Continuation of 'Yesterday’s Selling Movement and Further Decline. (By the Aamtinlnl Press.) New York. March 25.—There wns x n continuance of yesterday’s selling move ment in the cot top market and a further sharp decline in .prices during today’s early trading. After opening barely steady at an advance of two points on July but generally \ to 40 points lower, the market scon weakened . The selling was accompanied by rumors that hedges were being sold against spot cotton in the South, and the Circulation of March notices estimated at about 8.000 bales caused seine near .month liquidation. May brake to 20.08 and October to 24.28, with tlie general list showing net de clines of about 35 "to 05 points within the first half hour. Cotton futures opened barely steady. March 20.80 to 2565; May 27.20 to 27.05: July 26170: Oct. 24.60; Deo. 24.10. —s*: With Our Advertisers. Six serving men at Cline's Pharmacy —see their names in new ad. today. Parker's Shoe Stage has just received a lot of 100 sample 'shoes for ladies and girls, which they afe' going to sell at factory prices. You will find a qjimplete combination of practical bankiugifaoilities in the va rious departments of the Citizens Bank and Trust Co. £ Ivey’s has just to 001 '’ 0 '! onp *>f fke best patterns .for ttto Spring season, at $7.45. See cut in rife.- .gd. today. Neckwear and 'Novelty Jewelry, in great variety at Staruea-Miller-Parker Co.’s-. The famous Kaynee shirts and blouses for boys at Hoover’s. You will find a wonderful exhibition of Spring millinery at the Specialty Hat Shop. If you are wondering how- you can improve your skin, use Mel-Rro Lotion. If yon want to store prosperity, take same shares in the 53rd series of the Cabarrus County B. L. & S. Association, now open. Non-taxable. The Richmond-Flowe Co. handles the Maybanks Fish Fertilizerc here. They have a large warehouse at the depot, and a representative is there ready to serve you. Payment of $lO down delivers to you any suite in the Concord Furniture Co.’s store, balance on easy payments. Enamel gas ranges in pure white or delicate French grey with nickel trim mings at the Concord & Kannapolis Gas Company's. Make your kitchen all white. Go and see the Kimlark woven rugs at 11. B. Wilkinson’s. They are pretty in design, and coloring. Two new ones at 8. 8. Brown Shoe Store, Jack Rabbit Gray and Airedale ooze. You will find an unusual variety of new Spring footwear there. Wants Overthrow of Dynasty. Athens, March 25 (By the Associated Press). —The national assembly today passed a resolution in favor of the over throw of the Glucksburg dynasty, and the establishment of a Greek republic. 1 Mrs. James W. Taylor, of Harrisburg, remains critically ill. ’»OOOOOOCOOOOOOOOOOOOCOOOOPOOOOOOOOOeeOOOQOOOOOOOOOOOO There is an attractive ad- ' . j ; vertisement in this paper j | headed !i “THE WORLD’S RECORD” It gives us a good deal of ! 1 pleasure to say that the com pany has a local office and that its local representatives shared in the making of that record. ; Metropolitan Life I Insurance Company New York Local Representatives — Concord, N. C. \ t Room 4—Morris Building Phone 404 F. H. ADDEN ! H. C HAHN J. R. CRESS *■ W. H. CLINE *> I qOOOOOOOOOOOOOQOOOOOOOOOBOOOOOOPOOOOOOOOOOOOOOOOOOOCtt Bobbed Hair Bandit? — ~ Betty Piedmont Guimares, being ques tioned b.v the police in their investigation to determine the identity of a ‘bobbed hnired’’ girl bandit who has terrorized Brooklyn and Manhattan. McADOO SUPPORTERS TAKING ON NEW LIFT? Women Playing a leading Role in the Come-back—Candidate’s Wreck Pulled Out of Mild. Washington, March 23.—The McAdoo supporters are taking on new life. The results in Missouri, North Dakota and Georgia have heartened them. They new believe that the reaction will make him strong again. The McAdoo swing was going forward with great force when Senator Reed, of Missouri, operating with others, had his name dragged into the oil investigation. There was a sudden swerve, and the McAdoo boom was ditched, but men like Senator Simmons all over the country have pulled the wreck out of the mud and set it. going. Word has come to Washington that s-ooie powerful groups of citizens are stronger for him than ever, and will hear to nothing short of his nomination. Women are playing a loading role in this come-back. They believe that Mr. McAdoo will carry out. as far as pos sible. the Woodrow Wilson peace pro gram. They showed their hand in Mis souri, North Dakota and Georgia and will do so in South Dakota Tuesday. The laboring peorie are strong for Mc- Adoo. and are uniting for him. Pro hibitionists are confident he is the man for them to tie to, Other organized elements are backing his candidacy. His real hold op die masses was developed by the oil incident, his friends assert. Bankrupt Sale of the J. E. Love Stock. R. C. Newman and H. T. Mcßride have purchased the stock of J. E. I»ve here, and will in a few days put it on the marker at prices that, will attract you. The store is now closed, and the stock is being marked for the sale. Watch for the opening date soon. Bandits Get SI6.(HM> in Washington. (Br the Associated Press.) Washington, March 24—Four masked men robbed two Piggly Wiggly store officials cf $16,000 here today in a day light automobile holdup. North Carolina s lieutenant governor. W- B. Cooper, is now general manager of the Wilmington Fruit and Candy Company, recently incorporated and now engaged in business here. 1 The lieutenant governor il quoted as saying to a newspaper man that because he was a bankrupt he had no legal status and therefore could not be one of the ineorporators. He stated that hr did not have a dollar of stock in the ccneern. The new- colored school at Kannapo lis- is now equipped with electrie lights. This needed equipment was made pos sible by the co-operation and kindness of the school committee and the Cannon Manufacturing Company. The new secretary of navy should be kept busy in Washington where every thing is at sen. Under a new wage scale tile setters in Denver are receiving sl3 n day .foe eight hours work. I JOHN EVA WINCHESTER RELEASED FROM JAIL Found That Her Father Was Killed by Blunt Instrument and Not By Kicks and Blows. <-«y ,lie Associated Press.) Tampa, Fla., March 25. —John JV"- W(holiester. sixteen-yoajrrold gif! ’ jail here with her morkfr" . 12th. when her father*'-vjhttV ß released from custody ,tSRy I>y L. L. How (ml. justile of the peace, after a preliminary hearing before him at Heff ner.. Thp county physician testified that. Mr. Winchester was killed by being struck with a blunt instrument and not b.v kicks and blows, the girl confessed she administered. Mrs. Winchester was returntxl to jail here pending issuance of an order sending her to the .State insane institution. MT. GILEAD MAN KILLED WHEN TRAIN HITS AUTO R. \Y. Steele Killed ami Couple Smash ed By Scuthßaund Seaboard Train. Hamlet. March 24.—R. W. Steele, of Mt. Gilead, was instantly killed at Marston, 10 miles north of Hamlet, this afternoon when lie attempted to cross the track ahead of southbound Seaboard Air Line passenger train number 41 at a road crossing south of the block tower. The train completely demolished the light coupe he was driving. The body was brought to Hamlet on the train and turned over to the <). D. Arison undertaking cstnblishmeir. It will be sent, to his home tonight. Southern Baptists Establish New B e ards. (By the Associated Press.) Raleigh, N. C„ March 25.—1 n the awarding of 67,567 seals in Sunday j school teacher training work during 1923, | Southern Baptis-t.s have established a new record, not only for themselves but for all other denominations, it lias been an nounced by E. 1,. Middluton. of this city, Raptist Sunday School secretary for North Carolina. This state was among tie leading states of the South in this phaze of work, a total of 1.810 Baptist teachers of North Carolina being given awards for work completed in tlie teach er training courses. The total number of awards made by all other denominations in the United States combined during 1923 was 54.- 835. distributed as follows: Southern Methodists 28,542; Northern Methodists 10.961: Northern Baptists 8,018: South ern Presbyterians 2,592; Disciples 2,- 487: Northern Presbyterians 1.200; United Brethren 800; and Congregation alists 235. One distinctive phase of the Baptist tetjeher training is summer extension work program, it was stated. This goes into the rural sections and reaches a large number of schools that have navm-. before employed modern Sunday School methods. North Carolina F'ourtb. i (By the Assoclnrra Press.) Chapel Hill, March 25.—The State of North Carolina ranks fourth among the other states of the Union in the tax bur den per inhabitant for state, county, and local assessments, according to Professor H. S. Hobbs, of the University of North Carolina, who has just completed an ex tensive study of the tax rates of the different states of the United States. North Carolina’s rate per inhabitant is given as- $18.01; Nevada is the highest with a rate of $82.09 per inhabitant and Alabama is the lowest With a rate of $12.82. Alabama is followed in order b.v Ar kansas with a rate of $13.91 : South Car olina, $14.15: Georgia, $14.39: North Carolina $18.04; Tennessee $17.57: Ken tucky. $19.40: and Virginia with $17.78. Bailey and McLean to Meet in Debate in Charlotte. Charlotte, March 25.—The two candi dates for tlie Democratic gubernatorial nomination have accepted an invitation to address the voters of Mecklenburg county here on Saturday, next. Mr. Bailey, according to Miss Julia Ander son, secretary of the Tax Inquiry, luo., has detinitel yaccepted while Sir. Mc- Lean has accepted tentatively. The in vitations were extended by the Tax In quiry. Inc., an organization which was formed here several years ago for the purpose of fostering independent poli ties. The organization expects to have other speakers come here in the near fu ture to discuss matters of timely im port. Will Carry Fight to Senate Floor. (By the Aaaoclaved Press.) Washington. March 25.—Plrotest at the manner in which the senate's inves.- tigation into alleged land frauds in the Rio Grande valley is being conducted was made by Senator Heflin, democrat, of Alabama, author of the investigation resolution, who announced today that he 1 would carry the fight to the floor of the [ Senate. i There are absent-minded professors | and professors whose minds have rnov l ed away. Harvard professor says all l dogs should be killed. i Rjiimmiiiii immiiiiiiHiiiiiiniiiiiiHiiiiiiiiiiiiiiig 3 BUSINESS MEN S ■5 corporations and farmers will find a complete {EE 25 combination of practical banking ‘facilities in |§i S our various thoroughly equipped departments. Eg /CITIZENS K ■ BANK 8$ TRUST mEHEII » *09•««« I TODAY’S I I NEWS I I TODAY I NO. 69 snwm, SKKSIIIPHCHMENT r UFtOLLECTORCM C. C. Chase, Collector at El Paso, Would Be Made to Quit Under the Resolu tion by Walsh. conspiracyls AMONG CHARGES Chase Refused to Testify and Asked Another Witness to Testify Falsely, Senator Walsh Charges. (By the Awtoclated Press.) Washington. March 25.—A resolution providing for the impeachment of C. O. Chase, colleeror of customs at El Paso, on charges of conspiracy, was introduced today by Senator Walsh, democrat, of iron tana. Reciting the refusal of Chase to testi fy before the oil committee, and the pre vious testimony that he attempted to get Price McKinney, Cleveland banker, to give false testimony, the resolution would bring the situation to the atten tion of the House "for appropriate ne j tion.” I "That intends impeachment?'' asked Senator Borah, republican, of Idaho, when the proposal was presented. "Yes." said Sean tor Walsh. Senator Walsh asked immediate con sideration, but Senator Spencer, repub lican, of Missouri, objected, sa.viug that although he is a member of the oil com mittee. the introduction is "the first I've heard of this resolution.” Senator Burenin, republican, of New Mexico, also protested, saying Chase in tends to resign. » f Senator Robinson, of Arkansas, the Democratic leader, replied that no resig nation “will be permitted to protect an offending office holder." After Senator Walsh had explained the circumstances under which the im peachment move was made, Senator Spencer withdrew his objection. Sena tor Bursum. however, asked that the resolution go over until tomorrow. Resolution Adopted. Washington, March 25.—A resolution iooking.ttt. tlie impeachment in the House of C. C, Chase, customs collector at El raso. Texas, and saif-lfi-Inw df Albert R-. FSTI. was adopted today by the Senate. The vote on the resolution was unani mous. 70 Senators easting their ballots. Senator Bursum. republican of New Mexico, one of those who had objected to immediate consideration of the reso lution. was absent when the roll was call ed. World’s Largest Arch Bridge. Sydney. N. S W„ March 25.—The new bridge across Sydney harbor, which is to be constructed by mi English en gineering firm at a cost of $21,000,000, will bd by far the largest arch bridge iu the world. Its principal opening will lie a single arch of 1,050 feet span, with •heavy decorative granite towers. The total length of the arch and of the ap proach will be 3.770 feet, The height to the top o fthe arch will be 450 feet. The bridge will rank among the largest of any type, being exceeded only by the Forth and the Quebec cantilever bridges. Before Easter Sale of I’arks-Belk Co. Beginning Wednesday morning. March 20 and'closing Saturday night, April 10 the Parks-Belk Co., will have a Oreat before Easter Sale. The buyers have combed the northern markets for bar gains, and during this sale you will find hundreds of big special all over the big store. There will be specials for every body from the smallest child to the most elderly person. See the two pages of ads in this paper. WHAT SAT’S BEAR SAYS. (Fair tonight, warmer in extreme west portion: Wednesday partly cloudy.