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M. G. Mann Calls For!
Renewed Faith, Cour-j
age and Activity; Work
For Sound and Secure
Prosperity.
Greenville, March 23.?CaMing for
renewed faith and courage and sound
ing a warning against the "whisper
ing campaign that undermines confi
dence," M. G. Mann, of Raleigh, sec
retary-treasurer of the North Caro
lina Cotton Growers Cooperative As
sociation, addressed the primary con
vention of Pitt county members in
the court house here last week.
Eight delegates to the first district
conventiaR were at the meeting.
He urged all to 'work for a "sound
sod secure prosperity?that which
would give every American citizen
who wanted to the right to work."
? ' Pleading with the farmers to take
an increased interest in national leg
islation, Mr. Mann said:
_"The nation has stood by and urged
Congress to support the President in
his plan to relieve the chaotic bank
ing conditions, has given unlimited
authority in his budget reduction, and
it will be interesting to see just what
will be done in behalf of the farmer.
"If the farmers Would be as active
in urging Congress to support the
agricultural relief bill as the bankers
and. others have been in their bills
and- the millionaire tax payers in sup
porting the economy bill, something
will be done for the farmer.
""""" " Ulw Kw aivAii
"But II iumcra su iui; v.?
President Roosevelt's measure will
find hard sledding and may even fail
to pass.
Quoting Dr. B. W. Kilgore, presi
, dent of the Cotton Cooperative and
of the Pine State Creamery, Mr. j
Mann said:
"Reflate the dollar and the farmer
will pay his mortgages and other
debts and taxes, and begin to buy
and lead the way to better times as
he led the way through forced low
and relatively unfair prices, for his
.commodities to our present hard
times. . ; . v /
"It is either this?a reflated dollar
?or more . receiverships, bankrupt
cies, foreclosures, turning over farms
to mortgage holders, tax sales, and
continued times of stress and .great
strain.
'"Which shall we have,, reflation
and leveling by elevation or leveling'
by tearing . down ? Leveling there
must be!"
John T, Thorne, of Farmville,. di
rector of the first district and form
er president of the cooperative, en
dorsed what Mr. Mann had said and
pointed to "the courageous leader we
have in the White House" and said
he^ believed brighter days are ahead.
Delegates; elected at the meeting
will meet with delegates from. Beau
fort, Bertie, Martin, Iiyde, Tyrrell,
Perquimans, Camden, Washington,
Chowan, Pasquotank and Currituck,
other counties in the district, to se
lect nominees for director of the dis
trict. The nominees will then be vot
ed upon.'by the membership. - *
Delegates elected from Pitt are:
John R. Carroll, Winterville; J. S.
Harris and William McArtbur, Green
ville; J. V. Taylor and T. E. Parker,
Bethel; R. L. little, Grimes land; Levi
Prince, Ayden; and M. O. Speight,
Winterville.
I Scores Of Banks
I Are Be tog Cheeked
? <WP; f.P II
I TkroggMlooniry
H j^^ln rpjy
I StoArn Them w They
I Start Business.
I ' . '?
I Waahington, March 28.?Scores of
I ami?ed by7 employe 'of the Recon
? TT^ ' v.i.jrtv/ W w
" set- ptfiUu Btftn 9tii to
[ - ... A . ? ? ? ^ -.J, ';?; V?' -
Pian j Bond * ?
Farm Mortgages
One to Two Million Bond
Issue May Be Asked to
Refinance Farm Moit
gages; Tentative Draft
of Bffl Complied.
.
Washington, March. 23.?^Speaker
Rainey told newspapermen the treas
ury today was considering and "con
gress shortly" will receive a recom
mendation from President Roosevelt
for enactment of a farm mortgage re
financing plan calling for the possi
ble issuance of $20,000,000,000 of
bonds. . -
"A tentative draft of the bill i^jn
the hands of Secretary Woodin for
any suggestions he might hove to
make," Rainey said. '
He predicted' that "for the sake of
speed this bill will be added in the
senate to the farm price fixing bill
we got yesterday."
As the measure stands Rainey as
serted rt calls for a bond issue to pro
vide funds for the refinancing.
. "The bond issue might reach $2,
000,000^090, but we hope it wont go
over $1,000,000,000" the speaker said.'
> ? ?
Figures On Farm
Board Loss Given
By Morgenfliau
Losses From Operation
of Farm Board Under
Hoover Administration
Has Been Estimated at
About $350,000,000.
Washington, March 22.?Henry
Morgenthau, Jr., new Farm Board
chairman, yesterday estimated losses
from the board's, stabilization and
other operations during the Hoover
administration at about $350,000,000.
Of the original $500,000,000 fund
placed in the hands of the board,
Morgenthau explained there is a bal
ance of about $3,000,000 in cash, and j
"good loans" which he said former
Chairman James C. Stone, who re
tired March 4th, had estimated would
bring the assets of the board to from
$140,000,000 to $159,000,000.
In revealing portions of the new
administration's - policy, Morgenthau
presented a detailed analysis of its
cotton operations, which he said
indicated a loss to date for thatj
commodity of $159,254,3549. He said j
he intends to make detailed examina- j
tions of board losses on wheat and
other commodities "as soon as possi
ble." ? -
r The balance: from the revolving
fund will *be sufficient to cariy out
the board's new loan policy under
which it will continue making ad
vances to co-operatives who- are
able to qualify. Each co-operative
seeking financial Jhd hereafter will
be examined thoroughly to determine
its financial responsibility, Morgen
than said.
He will require that it present a
budget, and added that the payment
of "high salaries" would not be
approved. Just what will be con
sidered "high salaries". Morgenthau
declined to axplaliy. saying that he
intends to pass <? each application
"on its own merits.^.
"No loans will be made available
for speculation," the ehairman ;de-i
dared. "We want help co-oper
atives continue their - activities??we
do not intend to do the sheriff act
in cases where cp-operativqa now owe
large sems;? - .MH
' ^Morgahthau reported that the Cot
Stabmz^ up
jo^dyfwill have around four on April
' l?ft ? * : ??- "S&s,; iV,;A,",i ,i-: <a ?':J R twff An
i .%
. . ~r Y *' V'- . ' ?.">V*y"*t ' ' " V ? ' "V>? ;
Here aw photos from the heart of the earthquake tone which took 110
Uvea and did damage to property estimated at 950,000,000 ia the Loe
Angelee area of 8cuthera California. Photo No. 1 sho^s, a street eeene in
Comptoa where 20 persons were killed by- the eoQapee of building t No. 2.
shows the ruin* of a high school building ia Long Beaeh^thefewa eon*
sidered the quake's epicenter and where 05 Uvea were lost; No. 8, shows
homeless and penniless refugees being fed by the D; at Lmc . I
??|A
: <i~. ? v." 'sb Zt- 9'j2?*&K V
: ?? > ? i i ? i" i in i ' ? ' 1 ?? ? ?mm?
? 3|gp?p!!
Mayor Belcher and City
Fathers To Cooperate
With Rotary Club and
Other Local Organiza
tions In Providing Rec
reation for Young.
'
A project that has often been dis- .
cussed by the older citizens of the
town and longed for by its younger
people, is at last under way and may
be realized in a short time?a park
and swimming pool for Faruiville.
For some five or six years the
Rotary Club, together with other for
ward looking organizations of the
town have talked about a park and
playground for its children and com
mittees have been appointed from
time to time to look into the possibi
lities for developing such a recrea
tional center. But with no real suc
cess.
Perhaps the right people had never
beep .called upon to investigate such
pfrfcibilitiea, perhaps the need of a
playground had never been felt so
keenly or perhaps the opportune time
had never presented itself before. At
[any rate the Rotary Club sent Dr. P.
Jones, Dr. W. M. Willis, D. E.
I Oglesby, W. A. McAdams, J. L Mor
jjran and Rev. J Q. Beckwith, Jr., out
[ for. the bacon. And did they bring ft
home!' . '?
Following the meeting on Tuesday
night the committee called the heads
of the civic, patriotic and social or
ganizations of the town to send com
mittees to*a meeting to be held at 4:00
that day, Wednesday, for the purpose
| of launching the movement. The
mating waa held, a special session
^^.J^rAvof To^^ldertn^:^
p'ans were submitted to the Board by
Jones.^okes^ah for 4he
.... ??
committee.
The Town Fathers and Mayor
Belcher -expressed themselves as will
ing to cooperate in the project and
the purchase of lands adjaeent to the
water and light plant was authorized,
a survey being made on Friday, with
the expectation of beginning excava
ting. operations for the pool on Mon
day of next week.
The whole town is enthusiastic over
the idea and it is thought that suffi
cient funds for financing theL con
struction will be forthcoming when
solicitors get to work, with a portion
of the labor being paid from Federal
relief funds.
Monday Selected As
Farmville's Seed Loan
Day at Greenville.
In order to proceed with more effi
ciency and get rid of some of the
confusion and crowded conditions that
have hampered the County Agent, D.
F. Arnold, in his business of distribu
tion of the Federal Seed Loan, cer
tain days are being assigned to dif
ferent communities for this purpose.
A meeting of the County Agent,
Mr. Lane, Government Field Repre
sentative, and others interested in a
more orderly proceednre was held
this week and Monday was designated
as Farmville's day, and D. E. Oglesby
was given the job of handing num
! bers to fanners here desiring a con
| ference in relation to obtaining a loan.
Mr. Oglesby expressed himself as
willing and glad to give tMhserrice.
This action will result in a great
saving of time for the farmers-of the
by being forced to return to Green
before they could gain an audience
;?*
jAj/m vUu <* '..
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I l lama ' rvIlB&il IwjhII
I A BWUB^ra'Jl wm*"H
j- . -.' . * ?
Legionnaires To Stand
by President Roosevelt
and Have Faith. ' J
???
| -. Indianapolis, Ind., March 22.?Louis
Johnson, national commander of the
American Legion, has issued the fol
lowing message to the 10,709 posts of
the Legion, calling upon them to sup
port the President - of , the United
States:
"On the day following the new
President's inaugural oath I pledged
the million men of The American Le
gion to give their utmost loyalty and
help in the complex and difficult
problems now facing the chief ex
ecutive. I stated, then, in a nation
wide broadcast in which the President
participated, that The American Le
gion wants nothing more than to be
of service to America in this situation
as our members were in 1917-'18.
"The time to render that service
has arrived . Congress has given to
the President the authority to put
into effect the economies the Presi
!ent believes necessary to restore the
financial stability of our country. This
lew legislation is fraught with grav
est consequences to the disabled vet
eran. The President, under the ani
?* *--?? i I:J?
cnoniy given iunit iuu? puwwa ui mc
>r death over thousands of men who
once pladly offered their lives in a
period of national emergency.
"The Legion has every faith in the
iiscretion, fairness and' the justice
with which the President will deal
.nth this problem,?involving as it
does in many instances the need for
compassion and mercy.
"The President needs the support of
? .very loyal American and today I
ira .calling upon the 10,709 Legion
Posts and our million members
hroughout our great organization to
uphold the pledge that I have made
as the National Commander of Tfit
American Legion. I am asking that
special meetings be held by every
Legion Post where it will officially
j.tpress, by a resolution, such loyalty
and utmost help. Many of our Posts
already have taken the initiative and
set dates for such meetings.
"Our President is confronted with
problems as great as ever faced the
chief executive of the United .States
at the beginning of his administra
tion. He has not faltered in action
needed as he sees it Like a brave
soldier in battle he is giving unstint
ingly of himself. Yet, with all his
leadership and fine courage, he* can
not win the war on the depression,
and he cannot lead us back to the
mountain tops, unless all citizens ac
cord him their utmost help. The
need for patriotism is as urgent today
as it was in 1917-'18. Our Nation
needs reawakened spirit of unity and
confidence. Our citteens need a rein
spired willingness to follow the lead
ership of our duly elected chief exe
cutive. The'American Legionnaire is
that kind of "a citizen, and it is the
purpose of our organization to set an
example for all citizens to foilow in
giving to our President and Govern
ment our utmost faith and assistance,
whenever it'is needed and whatever
the necessary cost in Sacrifice may be,
including life itself.
"I again pledge the Legion to ful
fill its preamble declaration of ser
vice to God and Country, and to 'keep
on keeping on'
"LOUIS JOHNSON,
National - Commander,
?The" American Legion."
? ' ? '' ? ?
Chas,?. MitchcT
Is Arrested For
- ' ?* ? ?
the
National City Batffe'.m arrested at
his Fifth Avenue home Tast night 01.
a federal warrant charging
tempt to de^^tl.JUMj^^d^feincdmr
iax
The warrant was signed by Fed
eral Judge Alfred C. Coxe and was
A Bill Expected Shortly
For a State Supported;
Eight Months Schooli
Term With a General
Sales Tax Rider.
Raleigh, March 22.?Enactment of
an appropriations bill providing for
a state supported eight months school
term with a general sales tax to pro
vide the revenue for it, as recom
i mended by Governor J. C. B. Ehring
haus, is now expected within the next
two or three weeks as the result of
the break up of the Bowie-Cherry
bloc. For the victory of the Adminis
tration forces in restoring the origi
nal committee appropriation for the
support of the six months school term
and extended term aid, amounting to
$14,050,000 by a vote of 58 to 43,
now means that the budget cannot
; be balanced without a sales tax, even
| with only-a six months school term.
All the members of the Bowie-Cherry
bloc as well as all the others who
voted for the larger appropriation
know this.
Roosevelt Busy
Perfecting Final
Details of Plan
1
His Proposal For Re-fi
nancing Agricultural
I and Home Mortgages
Expected Soon; Lower
Interest Rates.
" Washington, March. 22.?President
Roosevelt soon will send to Congress
his proposal for refinancing agricul
tural and home mortgages.
This legislation will provide ' al
so for reduction in interest rates on
mortgages, will be ready for Con
gress by the end of the week .
* Find details are being perfected
it was disclosed in high quarters to
day while Congress goes ahead with
work on the farm relief bill.
The new legislation is contemplat
ed to include both government and
private mortgages.
"Cotton Festival"
To be Held May 19
To Stage North Caro
lina's First Big Cotton
Festival During The
| National Cotton Week;
i Ball at Night
>? Raleigh, March 23.?In conjunction
with National Cotton Week observ
ance, North Carolina's first "Cotton
Festival" will be held here Friday.
May 19, under plans now being form
ulated by leaders of the movement
The event, linking in with the third
annual National Cotton Week which
comes this year May 16-20, will em
brace a parade, style show, and be
climaxed by a State-wide Cotton Ball
in the new memorial auditorium.
In cooperation with the Festival
Dean Thomas Nelson, of the State
College Textile Department, has an
nounced that he will hold "open
house" at the college textile plant
during- the afternoon, inviting the
oublic to see for. its self the various
iteps. in :cotton manufacturing;
Not only is the cotton festival re
ceiving the. support of North Car
ina's leading manufacturers, but
leading manufacturers of the nation
have also endorsed it.
"I think so well of the idea that it
?s my intention to try to arrange for
i similar event in each State, remark
(;d Harold C. Bookor, secretary of the
Association for the increased Use of
Cottoiv when asked for his opinion
of the festival. ; -> v v
"A cotton ball such as yon have in
.itfnd would be of considerable value
Socause of the publicity and interest
't would develop," wrote George A.
Sloan, president of the Cotton-Tex
tile Institute in Now York, offering
to cooperate in every way possible.
"... Should be very helpful in
itimulatingi interest in cotton
throughout the State," said E. L.
Starr, director of the Durpne Asso
I elation of America.
ssett, of Cl^rlotte, ^resi
latare; Revaluation of
tag Foreign Stock*.
-
Raleigh, March 23.?While theSen
ate has not yet acted on the vohtmni
ous tax machinery bill, it is already
apparent that the two houses wfll
have a difficult time in getting to
gether on the measure, and it is vir
tually certain that differences wfll
have to be thrashed out in conference.
The chief controversial items in the
bill are those which relate to iwvatue
tton of property and tax on foreign
corporation stock.
As passed by the House, the bill
called for & revaluation of property,
but left it optional with the county
commissioners whether to make a
horizontal cut not to exceed 33 1-3
percent or to go about making an
actual reassessment . However, the
bill was amended so as to make the
county commissioners in Mecklen
burg, Tyrrell and Lincoln Counties
slash the value of property by not
lesB than S3 1-8 percent
Another amendment makes re
valuation by a board of appraisers
and assessors mandatory in Ala
- ? i '%% ' a. s :
malice, Jtsuncomoe, Hocxingiuun,
Craven, Martin, Lenoir, Macon and
Vance counties. There is consider
able disagreement over these amend
ments in the Senate, one group
holding that the matter should 5)
left entirely to the commissioners,
and another holding that each dele
gation shbuld be allowed to fix tSa
way in which property shall be re
valued to meet local conditions.
; There is also considerable opposi
tion to the limiting of cuts in
values beyond one-third, and thb
school of thought holds that more
(equitable relief would be brought to
the taxpayers of the state by an
actual reappraisal, which would eli
minate existing inequalities. A
mandatory reappraisal however in
every county of the state, would cost
a substantial sum, and a majority
holds that the matter should Ee
left entirely to the counties.
It is pointed out that a revalua
tion which would exceed 83 1-3 per
cent might seriously impair the
credit of the counties and the State,
and probably result in a raising of
the tax rates to as much as twice the
present schedule in some of tKe
counties.
; There is also a wide difference
of opinion of taxing stock in for
eign corporations, although the Sen
ate is expected to stand by its fi
nance committee and delete the >
House provision which repeals tax
exemption on this form of stock.
The objections to taxing foreign
corporation stock are based on two
grounds: (1) that it is manifestly
unconstitutional as proposed and <
(2) that it reeults in a system of
double and trible taxation.
This proposed tax would be tax
ed at th^ prevailing tax rates In
the various counties in which the
stock is located, and unless the
proceeds from this stock remain In
the counties, instead of its being
transferred to the State Treasury,
the measure is plainly unconstitu
tional, it is held. The tax rates In
the various counties differ widely.
The foreign stock in North Carolina
?a centralised in about 15 of the
tnost wealthy counties.
Rep. Everett of Durham, who in
troduced the amendment in the
House/claims that is would yield
about $4,000,000 a year, but - op
ponents of the amendment refute
this* pointing out that after the
first year much of the foreign cor
poration stock would go into hiding.
They point out that during the last
year audi a tax was in effect in
North Carolina it yielded only $162r
">00, while the tax of 6 per emit on
the income from foreign stock bring*
'a between *600,000 and *70feOQ0 a
year. * ? ' ' 'i
. ?
ARBOR OAT OB8ERVED BY &
A. R. AND GARDEN CLUB
?
- Arbor Day waa observed Here by
the Major Benjamin May chapter, D.
A. R., and the Garden dob, the'fcf*
mer planting pines, crepe myrtle am - ,
dogwood trees for a mile-Norta of
Farm villa on highway NAM and the
Garden Club setting crab apple and
oaks on the avenue leading to Forest
Httl cemetery aftd crab iftilea In the
Christian churchyard.
;
BASS-BUOL "t;|
Mrs. C. W. Jordan announces the
1 mLi. A tn_ ?KfJ Iniv/tima