PAGE TWO
THE ENTERPRISE
Pnblithcd Every Tuesday and Friday by The
ENTERPRISE PUBLISHING CO.
WILLIAMSTON. NORTH CAROLINA.
W. C. M spiring Edito '
SUBSCRIPTION RATES .
(Strictly Ccah in Advance)
IN MARTIN COUNTY
One ytu ' *f.
Six months
OUTSIDE MARTIN COUNTY
On* vrar $2.00
w* i qq
Six months - :r"
No Subscription Received lor Less Than 6 Montns
Advertising Rate Card Furnished Upon Request
Entered at the post office in Williamston, N. C.,
as second-class matter under the act ol Congress
of March 3, 1879.
Address ait communications to The Enterprise
and not4o the individual members of the firm.
Friday, Jahiiary 22, 1932
A Democratic Year —If
This is the year for the Democratic party. Rather
it is the people's year, if they will only stick to the
old planks of the party platform, which guaranteed
equal rights to all and special privileges to none, with
conservative administration and economy in govern
ment, where every official should be a servant of all
the people and not a silent partner of some special
interest. Then the party will make a clean sweep of
everything, from ocean to ocean. ,
But if the party submits and allows every special
interest to write its plank to its own liking, then it
will be exactly like the Republican Party, which has
let certain money gods slip in and destroy its useful
ness, to its sorrow.
It will be a national calamity if the party permits
enemies to its principles to dictate its platform.
There are some whose aspirations rest only on the
offices that a change of administration would cause
to be vacated. Those are the fellows who generally
howl the loudest for a change. Yet the man who has
no higher appreciation of the franchise than .a change
of officers is not a very safe elector.
Safe principles are what make safe parties.
No Hope While Raskob Is Around
The country needs a better brand of Democracy
than that Raskob prescribes.
Mr. Raskob favors high tariff, the thing that help
ed ruin the country. He favors the abolition of the
anti-trust laws so that big business can swallow little
business in one gulp and without fear of after effect.
We can see little hope for the party as long as
Mr. Raskob attempts to force Republican principles
down its throaO.
Reynolds' Financial Statement
No one regrets seeing the R. J. Reynolds Tobacco
Company make $36,000,000 in a single year. In fact,
it is gratifying to know that one concern has pros
pered. But the continued increase in that company's
wealth arouses serious thoughts in the minds of many
who know that thousands of North Carolina farmers
are bankrupt and facing starvation.
So large are the figures in the recent statement of
the company, that it is hard for the lay mind to really
absorb them, especially just at this time when the
whole world is suffering adverse economic conditions.
_ ODD-BUT TRUE
HVVOfcKM.
OUT KHO m* I \y|
OKIV KWR TOCS I*CH I \ \ rXV I
xtr \m wNttmuaovw \ \\ \\l mm/ mEgjM/Jm
twoivm mtwis, IKUMM mm^WEiWM/lLv
M CWW> GOU> tAIOM. ffi% I s
tow* OP HVS W&A
*ONA Mfc TREMM&D \ *' wmW/ WWWWs
tomnvcm O?TH€KW W?I w/A
fIW NMlftHl fUOHT
m ouvttft mTts *wu TO H&
MKM V CDLWLWH P RMGERS WUKWC* \tt ttttGHtO'
IH VQU •VT TOOK 49 OM "*0 QOOTfk Of GOOOS
THt TIUV. OO«UHG NHICM AUWI TV>W\.E
Hlte THI IMCHINt Wft UtttlttO V% WHO K%OV* ±
AH& fttfcftU StVIH Tmw#THC THE FfcCTOSO* \jjf V gf
MTMUfb VWS
I X 1
>UILI(HID cvntv *
TUMDAY_*HC i> rAMDATr_
Fear Is Playing Dangerous Role
The large number of banks to close in North Caro
lina during the last month can't all be claMed as "bank
failures." It is true that it was necessary for some
few of the banks to close because of bad loans (frozen
assets), but in many instances banks that were in
good condition have been forced to close because of
withdrawals on the part of depositors—withdrawals
made because of unwarranted fear. The withdrawals
in some cases were gradual, while in others they were
in the form of a "run" on the bank.
It is unfortunate that the Spirit of fear and dis
trust has reached the point that it has among the
people generally. It will have—i% having—a worse
effect upon business generally than anything that
could happen. Money hidden away about the home
is not safe—not nearly so safe as it is in a bank.
We react only a few weeks ago of the case of an ac
quaintance who became uneasy and drew his money—
sßo0 —out of a perfectly safe and sound bank. Be
fore he left town he lost the SBOO, and it has not
been recovered. The bank from which the money
was drawn —through unwarranted fear —is still in op
eration and will continue to be.
This spirit of fear has been brought about in many
instances because of loose talk and whispers about
banks, and has resulted in millions of dollars being
tied up in closed banks— institutions that would have
"continued to operat and serve their purpose, except
for the frenzied actions upon the part of their deposi
tors. False rumors have had no small part in the
closing of banks, and it might help if some of those
who have persisted in passing along such rumors
(whispers) were made to answer for it in the courts.
We must get away from this spirit of distrust if we
can hope for conditions to get back to normal, and the
sooner the better. We can't get along without banks,
and batiks can't get along without the confidence and
cooperation of (he people.
ExGovernor Angus W. McLean, in a New Year
stated carried in The Robcsonian, his home town
paper, said: "Restoration of confidence appears to be
the supreme need just now. Loss of confidence on
the part of the people in themselves and in every
thing is the most serious thing that confronts us. I
can't understand how a Christian people can allow
themselves to drift into such an attitude of discour
agement and fear. Everything is based on confidence,
and when that is gone all is gone . . . With the begin
ning of the New Year there should be a restoration of
confidence and a greater hope for the future." — Samp
son Independent, .
L
Get the Money Where the Money Is
—. • \
Congress is busily engaged in trying to raise money
to meet the deficit and carry on extravagant public
expenditures. Most states have like troubles. Many
of these troubles would have been averted if in the
last ten years taxes had been levied on the sound
basis, "Get the money where the money is." A cor
respondent of the New York World-Telegram says:
"If, as somebody said, 5 per cent of the people of
the United States own 95 per cent of the wealth of
the country, why couldn't the necessary taxes be levied
on them?
"Under Secretary of the Treasury Mills, being one
of the 5 jier cent, naturally argues against it, but his
reasoning does not suund yery convincing."— News
and Observer.
Common Honesty Needed
Secretary Mellon seems to have been using a little
of Uncle Sam's money in some of his own trading,
according to accusations which are cropping out from
Washington.
It really looks like one of the things we need in
this country is more common honesty. A great many
people do not seem to understand how to keep their
property from mixing with other people's and then
taking the whole pile for themselves.
THE ENTERPRISE
THE LETTER-BOX
•
The following letter, published in a
recent issue of the Lumberton Robe
sonian, has been forwarded to The
Enterprise by the writer, Mr. H. L.
Edens, with the request that it be re
published. Mr. Eden will be remem
bered in Martin County as a princi
pal of the Jamesville schools several |
years ago. The letter follows:
To the Editor of The Robesonian:
This year bids fair to be prolific in
candidates for Governor of North Car
olina. Each one of them emphasizes
or will emphasize what, in his opin
ion, seems to be the leading issue in
state politics at present. We have no
right to impeach the motives of lead
ing citizens, whether we agree with
them or not in their ambition to ob
tain high public office.
Cowper wrote: "Self-love, the spring
of action, moves the soul, and rea
son's comparing balance guides the
whole." From self-interest spring po-j
litical issues,
This is not the, ( time for petty differ
ences to be permitted to divide the
■ vote of the masses who have a com
mon interest. This is not the year
'for the East nor the West to claim
j the right to furnish the governor for
[no better reason than to show sec
'tional courtesy which custom has es
tablished. No minor issue should be
'permitted to divert the concentrated (
purpose of the people from selecting
the best equipped man in North Car
olina as our chief executive.
yur farms, stores, banks,
and almost every other form of busi
ness, judged by reports in the news
papers, are in a bewildered if not a
chaotic condition. In this confused
state of affairs our pilot should be
more than an experiment; his ibility'
and courage in meeting issues success
fully, under varied and trying circum
stances ought to be known of all men.
To my way of thinking, Josephus
Daniels is the one man in the State
whose known record distinguishes him
not as a man of uncertain views, but
as one oT positive convictions on mat
ters pertaining to the welfare of the
state and nation. His record as sec
retary of the navy is part of the his
tory of the World War—a record in
great achievements, unsurpassed by
any of his predecessors. In morals
and in religion his life and his writ
ings are an unbroken chain of courag
eous leadership for the best things in
life. In Mr. Daniels the farmers have
a sympathetic advocate. The charac
teristic traits of' the man are positive
guarantees that as governor he would ,
lead for equitable taxation on all prop
erty, visible and invisible. . No honest
man ask for more nor, less.
The young farmer quoted in The
Robesonian as saying 80 per cent of
Robeson farmers would vote for Mfyj
Daniels may add at least one o)a
teacher. ' ,
H. L. EDENS.
East Lumberton, N. C., January 6.
Reports from 14 different demon
strations by Iredell County farmers
this season show an average yield of
5,250 pounds of cured hay an acre
from Kobe lespedeza.
piiii! nni
BISCUITS m
I——————
I Ever Taste 'Em When Made of
RED ROSE FLOUR
CRUST AND ALL, you'll like every
1-r~ , •
crumb of them. Buttered or with your fav
orite Ham or Jam, you'll pack away several
of them every meal. Biscuits well made
„ from Red Rose Flour are delicious. If you
are not using Red Rose, make a change—'
you'll be glad.
Harrison Wholesale Co.
SSvf \ WILLIAMSTON, NORTH CAROLINA
\ eTSHBJ }
IjjgWtal m
WILLI AMSTON
ia JJO«TM_CAROCINA_ i
COUNTIES PAY
DEBTS FASTER
NOW, IS CLAIM
»
Local Government Act Is
Also Putting Halt To
Bond Issues
Raleigh.—During the first 6 months
the new local government act was in
effect, the various local governmetal
units in the state paid off $7,016,240
in indebtedness and borrowed only
$804,500, thus paying on over $6,000,-
000 more than was borrowed, accord
ing to figures released recently by
Chales M. Johnson, director of local
government. These figures are from
March 18, 1931, when tfie local govern
ment act went into effect, to Decem
ber 18, 1931. '
For the same six months before the
local government act went into effect,
when the State Sinking Fund Com
mission passed on bond issues by lo
cal governmental units, a total of sl,-
940,900 in new bonds were approved,
although a total of more than $25,000,-
000 worth of bonds were requested by
various local units and permission to
issue them refused.
1 "These figures, of course, do not
take into consideration" various fund
ing bonds which have been permitted
by the commission to enable counties
1 cities and town refund debts and bond
1 issues already incuyed," said Mr.
Johnson. "These figures do show,
however, that the local government
commission has clapped the lid on the
»
Restless,
I could not sleep
*THERE were days
1 when I felt like I
I could not get my work
done. Z would get so
I nervous and 'trembly'
I I would have to Ho
down. I was very rest
■ less, and could not
■ sleep at night "
My mother advised
me to take Cardul,
and I certainly am
H glad she did. It Is
■ the first thing that
■ seemed to give me
any strength. I felt
better after the first
bottle. I kept It up
and am now feel
■ lng fine."— mi*
R. Olbaon, Fort .
Al*.
■ MS
1 Tak* Thedford'a Black-Draught'
r I lor Constipation. Indigestion,
I and Ulllousn*—.
issuance of new bond* and has per
mitted them only when absolutely
necessary. As a result, the various
subdivisions are npw paying off their
indebtedness more than eight times
faster than they are incurring new
indebtedness.
"Out of the $804,500 worth of new
bonds sold in the last six months un
der the local government act, $127,000
was for water and sewer improvements
in municipalities needed to comply
with sanitation laws, $298,000 was for
new school buildings needed to keep
the schools operating and $230,000 for
the construction of a courthouse and
jail to replace one that has been con
demned as unsafe, with the county
commissioners threatened with indict
ment if a new building was not pro
vided."
Within this same period, more than
$1,0000,000 in sinking funds formerly
on deposit in banks with no security
have been properly secured against
loss to the taxpayers.
Gaston County had its largest co
operative poultry sale of the season
at CheryyVille /recently, when 6,161
pounds of culled chickens were load
ed.
Condensed Statement of Condition of
I Branch Bank & Trust Co.
At the Close of Business December 31, 1931
| RESOURCES
H Loans and discounts $2,618,881.95
fH Banking Houses, furniture & fixtures 141,257.81
H Other stocks and bonds 125,800.00
H U. S. and N. C. Bonds $1,946,982.98
g| Marketable Municipal
Bonds 197,000.00
g Cash & due from bonks 1,356,245.53 3,500,228.51
$6,386,168.27
LIABILITIES
I , Capital stock $ 400,000.00
|gj Surplus 200,000.00
M Undivided profits 93,865.25
I Reserve for Interest and Dividends 12,507.86
Reserve for Elm City Purchase .... 2,000.00
Bills payable 550,000.00
Deposits 5,127,795.16
$6,386,168.27
(Trust Department Assets Not Included)
Branch Banking
& Trust Company
Sound Banking and Trust Service for Eastern
Carolina
WILLIAMSTON, N. C.
Friday, January 22, 1932
CLAIMS CANCER
CURE POSSIBLE
9 -
Believed Dread Disease Can
Be Conquered By
Science >
New York.—All internal cancers,
beyond the help of surgery or radium,
are not incurable, Dr. Willy Meyer,
author of the recent book, "Cancer,"
reported in the American Journal of
Surgery.
In proof of this contention, Dr.
Meyer cites the fact that living in this
day is a woman freed from an in
operable cancer of the stomach that
caused her to be condemned to death
three years ago at one of the most
reputable medical institutions in the
United States.
The Journal greeted the report of
this cure with an editorial that reads
in part:
"It is a certainty that at some fu
ture time science will have conquered
thfct dreaded disease, cancer."