Newspapers / The Pilot (Southern Pines, … / July 16, 1937, edition 1 / Page 2
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Page Two THE PILOT, Southern Pines aitd Aberdeen, North Carolina ■ Friday, July 16, 1937. THE PILOT Published each Friday by THE PILOT, Incorporated, Southern Pines, N. C. NKL80X C. HVDE Editor Ben Bowden, Kxitharine L. Boyd, Helen K. Butler, Jean Kdson, Charles Macuuley, (). D. Park, Dan S. Riiy, Bessie (.’aiiieron Smith, Associates. Subscription Itutes: One Year $2.00 Six Months $1.00 Three Months .50 Entered at the Postoffice at South ern Pines, N. C., as second class mail matter. CARO-GRAPHICS by Afo'w*'r 1 JmsJa i DO YOU KHOW YOUR STATf ? JUST A MATTER OF ARITHMETIC The road to full recovery is a steep one. It takes teamwork to pull up it. Every time the horses pull in opposite directions, the climb is stopped. To put it another way, recov ery is like the ripples that spread across a still pool when you drop a rock in it. If you give a man . a job, he is able to buy things ^ comfortable seat, peace and that other men have to produce, j Quiet, and a good show, to feel That takes more jobs. The jobs | "’e have our money’s worth— even,tuall.v pile up one upon the ^ basket of china, a bingo N.C. DIPM^ RECOGNIZE US CURREHCV A< lEGAl SWTf CURRENCY UHTIl 1809 CARTH.\GE STORE SALE Today is the opening day of the annual mid-summer sale of W. W. Jones & Sons Department Store in Carthage, and all mid-summer mer chandise has been marked down for rapid clearance to make room for new fall goods. The management feels that this sale eclipses all form er sale events in the values offer ed and takes pleasure in offering these unusual bargains to its cus tomers. • • The Pilot does Job Printing and appreciates your orders. Try us. mmfomrn ON THE OUTBREAK OF WF REVOlUTlON HC OFFERED UPT07fOPOUND5FOR m fffABlKHMENTOF NEW INWffRlf5 IN THE STATT^ i/m if i COi. HIHJDAIE,RAIEI6H WAS THE m 5UR- VIVIN6 fOWffD OTFlCfR. HE BECAME A Cd- OHEl AT THE A<jE 0E2I.AND PIEP IN 1921 IH1760 A Rf PRRENTATIVE FRW HERE HflO OWN A H0WE.25'XI6, WIMACHIKHIY PIPYOUKNOVthat THE 200,000 INPUfmiAl WORKERS IH THE STATf USE $soo,oooooomM MATERIAL PER YEAR, AHD ARE PAID APf? $750 EACH A YEAR 2 'THE EDITORS OP CA(^0'Gft(^PHICS INVlTC YOU TO 5£N0 IN iNTerteSTINO FACT5 AOOUTYOOR, COMOONITY • other. But there is something else' nouncement about next week s that can happen. If you deprive picture. a man of a job, he must, after j After reading Mr. Lorentz' in- his savings are gone, stop buy-; teresting article we could not ing things he used to buy. And help but think that we of the that deprives other men of i Sandhills have much to be jobs. That is what happens! thankful for in the movie fare when strikes take jobs away | offered us here. V\ e are not af- from men. The reason most j fhcted with the double bill pro commonly mentioned is that the i g^rams. W e are not overburden- workingmen should get more i ed with extraneous preludes to money. the feature picture—everyone That idea is sound to the ex-; lilies Mickey Mouse and every- tent that the more money you i likes or should like the give to everybody, the better off ] newsreels. Our sound apparati everybody will be. There is, i satisfactory, in fact in Char- however, the important fact; Picquet’s Southern Pines that the real value of that mon- j Theatre the acou.stics are as ey—what it will buy—must not | g’ood as in the best metropolitan be depreciated or you gain noth- j houses. The theatres are air ing. I conditioned. And we cannot com- Let’s take a look for a mo-j plain of uncomfortable seats, ment at the figures just compil- to civil servants and has no po litical objects. (Under such a provision in this country Gov ernment employes could not af- game, a chocolate bar and an an-filiate with the C. I. O. or A. F. ed by Nathaniel H. Engle of the Department of Commerce Busi ness Research and Industrial Service. HOW BRITAIN CONTROLS LABOR During recent strikes in the United States, which have prob- Engle finds, for example, that: ably cost capital and labor more in the first three months of! than a billion dollars in the ag- 1937, large corporations earn-1 gregate, the opinion has fre ed profits amounting to 80 per cent of what they earned in 1929. But factory payrolls had risen to 88 per cent of their 1929 level. Thus, the amount of money paid to w'orkers in in creasing much faster than prof its. Which is just another way of saying that workers are get ting an increasingly larger share of the national income. If the worker’s share is in creased too rapidly, the increai^e can come from only one place— the consumer, who is himself a worker, pays. And your upward climb is stopped right there. must serve terms of not more than three months or pay fines ui> to ten pounds. Unquestionably, Americans accustomed to haphazard Gov ernment policy in connection with industrial disputes, w’ill look upon the British Trades of L.) It forbids employes of “local or other public authorities” to break a contract of serxice if Union Act as pretty drastic leg- such action, either singly or bvjislation. group, will cause “injury or' So it may be. danger or grave inconvenience' But the fact remains that to the community.” This is to: when the Labor party took over prevent sudden stoppages of j control of the British Govern- public utilities and services. ment in 1929, the act was not It makes employes or employ- ’ repealed, ers personally liable for commis-1 It stands today and seems sion of facts declared illegal, and ' scheduled to stand for a long on summarv conviction they I time to come. er SAND REYNOLDS PLANS TO STAY ON JOB IN WASHINGTON —Headline in Charlotte Observer That IS news. quently been expressed that Congress should adopt the Brit ish system of controlling dis putes between capital and la bor, writes Fred Betts in the Syracuse (N. Y.) Herald. However, one doubts that there is general understanding Are you piannmg to buy of the system that seems to have i year? if so, you may be in- w'orked out so satisfactorily in a lew watermelons grown in Geor gia and South Carolina. Four times a day Seaboard freight trains averag ing 50 cars per train pass through : Southern Pines carrying a portion The first telephone in Aberdeen was I of the w'atermelon crop of these in the law office of the late J. McN. states northward, principally to New Johnson. It connected with the first | Yorl*.. A carload averages 300 mo’ons, telephone in Pinehurst, that in the j 15,0<J0 me.'ons to the tram, 60,000 mel- General Office of Pinehurst, Inc. j per day, 360,000 for the week. At the Kiwanis meeting the other day, when Talbot Johnson w’as pre- Under date of July 6, the United senting Richard Tufts as speaker, he j Press reports Mayor Charles D. White told the boys what the first conversa-j of Atlantic City as proposing entry tion over that line was. Leonard fees for visitors to that resort. As Tufts called Mr. Johnson to tell him of the birth of Richard. OUR MOVIE FARE IN THE SANDHILLS England. The British Trades Union Act was the direct outgrowth of the general strike in 1926. That strike increased unemployment somewhere in the neighborhood of 500,000 and cost $2,500,000,- j 000. 1 Proceeding in accordance with public demand that something I be done to prev^ent recurrence of In an article in this month’s ^ a dispute of that kind, Stanley McCall’s Magazine, the well, Baldwin came forward with the known writer, Pare Lorentz, bill. Although the labor move- talks interestingly about the j ment in England was powerful, movies. He tells of interxiewing public opinion forced its adop- Will Hays, and of the movie I tion. tsar’s remark: “Everyone in | The Trades Union Act out- America has two businesses—i laws general or sympathetic his own and the movies,” which 1 strikes. Any .strike^ is illegal gave Mr. Lorentz his chance to! which “has any object other tell w'hat he thought of the mo tion picture business. “Item Number One: “No more double bills. I feel w'e all are agreed on this point. Either a movie is woi*th seeing or it than or in addition to the furth erance of a trade dispute within the trade or industry in which the strikers are engaged.” It outlaws strikes “designed or calculated to coerce the Gov isn’t, but it certainly isn’t worth i ernment either directly or by in- it after you have sat through | flicting hardship upon the com- trailers, next week’s announce-1 munity.” It protects workers ments and the newsreel, instead j who refu.se to take part in ille- of what you have paid your j gal strikes and it makes acts of money to see.” Even if they do pickets illegal, if they “lead to have a first rate feature, says | breach of the peace,” or if they Mr. Laurentz, you are half j “intimidate” or cause damage to asleep and half-blinded by the, person or property, time you’ve sat through the pre- j It outlaws lockouts under liminary second-rater. j certain circumstances. Later on Mr. Lorentz says:j It requires unions to carry “Inside the theatre you find their political funds in separate more serious, if less visible faults. The sound equipment in many theaters has not been overhauled for years, and where I may honestly recommend, say, ‘Maytime,” to you as a vigor ous, modern musical picture with charming melodies and choruses, by the time it reaches your theatre the melodies mt^y sound like an echo from the ra dio shop down the street and the choruses like a saw mill on a busy day. We don’t go to the theater because we have to—it should be fun. And all we need accounts, forbids collection of such funds unless the member has delivered written notice to the union that he contributes willingly; requires all unions, whether registered or unregis tered, to submit reports of their political funds to the Registrar of Friendly Societies. It forbids civil servants to join “any organization of which the primary object is to influ ence or affect the remuneration or condition of employment of its members,” unless such or ganization confines its members terested to know that an estimated $63.81 c f the price you pay will be for taxes. And if you drive a car, new or old, you pay an estimated annual tax bill on gasoline alone of $22.50. (That's the national average; in North Carolina we pay more than that.) The Rev. L. M. Hall, of Aberdeen, who accompanied Boy Scouts of the Charlotte district to Washington to attend the National Boy Scout Jam boree, gave his Vass congregation an interesting account of the meeting at last Sunday evening’s service. He emphasized the fine conduct of the 26,000 boys in attfndance, and told of many of the outstanding events of the ten-day program. Mr. Hall sees in the bringing together of these thousainds of boys, among whom were representatives of more than a score of nations, a mighty factor for world peace. North Carolina cantaloupes are in the local markets supplemented witn quoted he said that "the time has, come to charge visitors to insure their making some contribution to running this great park of ours.” Pointing out that thousands had spent the Fourth of July week-end there. W'hite suggested charging a fee for entry into the city, giving municipal scrip good at local stores to visitors in return, “thus insuring some contribution from many who now use Atlantic City simply as a free park.” 300 FISH L.\NDED BY SOUTHERN PINES CROWD A party of 20 from Southern Pines spent the week-end on a deep-sea fishing trip from Little River, S. C. In the party were Ed Starnes, Os car Michaels, Dan S. Ray, Herman Eops, Bill Wilson, Ralph Mills, Elarl Merrill, Bud Dalrymple, Ben Bowden, Jack Ritchie, George Crosby, Fred Harwell. J. A. Smith, Joe O’Callag- han, Tom Dupree, L. C. Hall, Joe Tinsley, Foy Beal and Boyd Hussey. They caught some 300 fish. • —# Every dollar spent with The Pilot for printing helps In th»- production of a l>etter ne\vs[>aper ATLANTIC CITY ALL EXPENSE WEEK-END TOURS Go Friday or Saturday morning—arrive Atlantic , City same afternoon. Leave Atlantic City Monday or Tuesday—morning or evening. Tours—for two full days at Atlantic City—-$34.45 for travel in air-conditioned, de luxe reclining seat coaches; $50.70 in air-conditioned Pullmans. Cost of tours includes all neces sary expenses from the time you leave home until your return. You travel in safety—free from high way hazards and dangers. Get de scriptive leaflet and details from your local Seal>oard agent. SO REFRESHING WHEN YOU GET HOME FROM WORK THE HANDY FAMILY PACKAGE • When you get borne from work . . > when the children arrive for luncb ... when there's a moment in the routine of household duties, or when friende drop in to visit. These are times to enjoy the pause that refreshes with ice-cold Coca-Cola. Buy Coca-Cola in the convenient 6-box. ICE-COLD COCA-COLA IS tVIRY PLACi ILily IT BELONGS IN YOUR ICE-BOX AT HOMI COCA-CX)L.\ BOTTLING COIVIPANY ABERDEEN, N. C. REPORT OF CONDITION OF THE BANK OF PINEHURST Pinehurst, Aberdeen and Carthage in the State of North Caro lina at the close of business on June 30th, 1937. .\5>SETS Cash, balances with other banks, and cash items in process of collection $218,357.43 United States Government obligations, direct and fully guar anteed ^ 124,181.28 State, county, and municipal obligations 179,699.57 Other bonds, notes, and debentures 25,000.00 Corporate stocks 9,277.00 Loans and discounts 330,467.91 Banking house owned $44,463.02, furniture and fixtures $6,465.98.. 50,929.00 Other real estate owned, including $8,908.08 of farm land 42,519.40 Other assets 18,804.40 total $999,185.99 LIABILITIES AND CAPITAL Deposits of individuals, partnerships, and corporations: (a) Demand deposits $547,889.58 (b) Time deposits evidenced by savings pass books 118,361.27 United States Government and postal savings deposits 18,000.00 State, county, and municipal deposits 122,869.83 Certified and officers’ checks, letters of credit and travelers' checks sold for cash, and amounts due to Federal Re serve bank (transit account) 2,500.37 TOTAL DEPOSITS $809,62l"o5 Other liabilities 3,087.42 TOTAL LIABILITIES EXCLUDING CAPITAL ACCOUN*T (except deferred obligations shown in item 33 which are subordinated to claims of depositors and other credi tors) 812,708.47 Capital account: (a) Capital stock and capital notes and deben tures* $116,000.00 (b) Surplus 52,244.25 (c) Undivided profits 11,960.77 (d) Reserves 6,272.50 (e) Total capital account 186,477.52 TOTAL LIABILITIES AND CAPITAL $999,185.99 On 6-30-37 the required legal reserve against deposits of this bank waa $108,593.30. Assets reported above which were eligible as legal re serve amounted to $218,357.43. ♦This bank’s capital is represented by 2,100 shares of first preferred stock, par value $10.00 per share retirable at $10.00 per share; 4,500 shares of cecond preferred stock, par $10.00 per share, re- tiragle at $20.00 per share; and 5,000 shares of common stock, par $10.00 per share. MEMORANDA Pledged assets (except real estate), rediscounts, and securities loaned: (a) U. S. Government obligations, direct and fully guaran teed, pledged to secure liabilities $ 33,000.00 (b) Other assets (except real estate) pledged to secure lia bilities (including notes and bills rediscounted and secur ities sold under repurchase agreement) 39,201.52 TOTAL .,$ 72,201i.52 Secured and preferred liabilities; (a) Deposits secured by pledged assets pursuant to re quirement of law ..127,703,08 (d) Deposits preferred under provisions of law but not se cured by pledge of assets 2,500.37 TOTAL $130,203.45 I, B. U. Richardson, Cashier, of the above-named bank, do solemnly swear that the above statement is true,, and fully and correctly represents the true state of the several matters herein containd and set forth, to the best of my knowledge and belief. B. U. RICHARDSON, Cashier. STATE OF NORTH CAROLINA, | ^ SLEDGE COUNTY OF MOORE. ’ PAUL DANA, Sworn to and subscribed before me this ^ „ eirvifcrrtwTi* 13th day of July, 1937, and I hereby certify SKYi«OUK, that I am not an officer or director of thi.'j Directors bank. ^ ETHEL M. HAIGHT, Notary Public. My Commission expires June 23, 1938.
The Pilot (Southern Pines, N.C.)
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July 16, 1937, edition 1
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