Newspapers / The Farmville Enterprise (Farmville, … / June 9, 1933, edition 1 / Page 1
Part of The Farmville Enterprise (Farmville, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
- *" i I A 1 AY a am 4 * j 1 ?? TTft" __ ?? S pfl Wtl| AppKcistt tbis * Kisdocss* i ' ' ^^l,' -. - ? ? ??' 1 '{''? ?;' * From Federal Land Buk ofGaMla Security Requirements For A Federal Land Bmk Loan Have Not Been Changed CehimWa. SL G., June 1.?"The se curity requirements for a Federal Land teak loan have not bent chang ^ fry tbe passage of the Emergency Fhnn Mortgage Act of 1988, signed by the From dent May 12," stated F. H. P?*ri*l, prea&ent of the Federal i^~a Bank, here today, in discussing the large volume of applications fori a?? Mn; received from national farm loan associations. This increas ed for loans has resulted from the fact that all loans made by the hank through such associations with in two years after May 12 will be at the reduced rate of 4 Vi per cent in terest for the five-year period com mencing July 11, 1933. During this same period rates on outstanding Wt.? m*Am through associations also will be reduced to 4% per cent "Interest has been further stimu lated by the fact that for the five years commencing May 12 both old n,w> new borrowers may elect to pay only interest and not pay the usual in stallments on the principal, provided they are not delinquent in any of the other covenants of their mortgages as the payment of interest, taxes, insurance premiums or irrigation charges," continued Mr. Daniel "Pay ment of interest only on the part of borrowers who obtained their loans several years a^o means a consider ably semi-annual payment to the Fm?h1t For example, a borrower who obtained a $3,000 loan in 1917 bearing 5 per cent interest normally would pay the bank $90 each 6 months. Of the last installment paid, $57.76, went to pay interest on the unpaid! principal and $32.25 was applied to iIm reduction of his debt. Thus, should he pay only the interest (com puteu at 4% per cent, per annum) his next payment to the bank, if it comes *due after July 11, 1938, will be only $51.25, instead of the usual $00. When he gnomes payment on the principal, he continues to amortize or pay off his loan at the same rate as when he ceased such payments. Installments coming due after July 11, 1938, must include interest at the regular mortgage rate and the pay ment on the principal "The is receiving some in for loans in arears where there me no natv??*l farm loan associations r?iiriwy new Joans at this time and it is. giving careful consideration to such applications. Where loans are made directly by the bank the rate of in terest if one-half of one per cent more than if borrowers secure their loans through national farm loan associa tions. Borrowers obtaining loans di rectly from the bank must agree to mock td the extant at 5 per cant of the amount borrowed in the KanW of the association. % "A farmer who borrows directly from the bank may agree in his mort gage -that when there axe ten or more borrowers who have obtained direct loans from the bank aggregating not lean than $28,000 ami who reside in any locality which may, is the opinion of tin Farm Loan Commissioner, be conveniently covered by Mm Charier of and .erred by a national farm loan he will unite with other such borrowers to form an associa tion. After each an association ,,is formed, the atock in the Federal Land Po-v yirf by f* of its members wbeea Unas are in good standing win be enameled at par and Mm borrowers wiB jeeetoe an equal amount of stock in the association. When and if euch borrowers become members of aaso dmtkm the interest rate on their dueedby one-half of on^gMawt^ feftfcl ftsto^Mat they'ronhlw if fteir application came thhmgh a national farm loan aanoefrtfon The preliminary appraisal of the property upon-which the applleant wM*a . to pines the mortgage wiU, ^ if gamble, ****** ?j!uul!^i^ Mg^hnd apptted ^ i- ' ' ur ? 1 . ? "?"i / / I ^^Kleeiy" Mnnintinn BmfjMi JrfBMb let Bare Vot Poy^yilian tkm Service 6.?Frightened by ise forests filled with bich the forest con were to be located, i volunteered for the tkm Corps, and many snlist by county wel e sought to get out Wilson, acting di irernor's Office of : Many of the ne eea told that they nlisted for work in , but that the Gov telling them this to bat they would then e army and shipped xewhere. >ubt Out many of at like the prospect dense forests, away sections, and that remain unemployed numties rather than of living in forests 0 thing and housing government and $1 ilson said. "Many een told that these with wild animals d that they had no nothing but tents ?, way up in the ties, negroes slat 1 have found vari tting out of going said. But of the :ted by the welfare ounty to enlist in got married before I in order to dis the welfare officer er county one col been selected for deliberately com ie in order to get jail, so he would le of the .camps, some negroes, of tllsted voluntarily, ing some of the it workers in the But out of the hat will be enlist will be negroes, I N. C. To Got Road Money State Will Receive $9, 805,308 From Federal Public Works Legisla tion. North Carolina will receive $9,805, 308 of the $400,000,000 for highway and related projects provided in the $3,300,000,000 Federal public works program passed by the United States House of Representatives and now pending in the Senate. This statement, was made today by C. W. Roberts, president of the Carolina Motor <5lub, which is af filiated with the American Automo bile Association, on the basis of an analysis of the Public Works Bill by its National Headquarters. The At A. A. club executive point ed out that while .three-fourths of the total of $400,000,000 or $300,000,000 will be appropriated to the states hi accordance with previous Federal Aid allotments, the remaining one-fourth or $100,000,000 will be distributed on a basis of population. "With the Public Works Bill being speeded through Congress," he said, "there is every indication that it wffl be finally passed by both Mouses and approved by the next tan days. The measure stipu lates that the funds will be available i * I main available until expended. ? 1 ; Mr. Roberts pointed out that the funds 0raatetfs$o the states may be used for roads an theFedersl Aid system, for extensions through muifi r cipaHties, and for secondary of feed er routes and related projects. "Among the projects for which th* [ funds may be used," he continued, ? "are the elimination of traffic haz ' arda, such sa the ssperation of grades I If. Sfti*. secondary at feeder routes m covtiti in the bill, moitvW'i!eeett . -? --. 1 "f - - - - - - ?????*??? r.fr-.,: ??: ? ? v-Vr-v: , r-v^a n ?a. iyi I rraspects rotter fir#; tavelt President Regains Old ! Time influence Over The Week-End Washington, June 6,.?It has looked! for some days as if President Roost I velt was riding for a fall,, that the] honeymoon was definitely over, and! that Mr. Roosevelt and his advisers! would have to fight in the future for 1 whatever they got out of a "recald-1 trant" Congress. J Today things looked bteer for th*j rreBiueDii very roucn oetter, wnen f the senate finance committee restored | to the industrial recovery Mil thai licensing feature, which fell under the! gf the National Associa- j tion of Manufacturer!, and othcrbuai- j neat groups, and when it appeared I (that the outlook was premising for a! [settlement of the unpleasantness that. has arisen over the of the economy act, relating io the form er sarriee. meo, which may enable Congress to adjourn shortly when it had appeared, even in the forenoon, ( that there was little prospect of this. ? Representative Pou, who attended the White House conference on fids subject last night, it of the opinion that the economy act may be carried out in, a manner at once humane and just, with'an expenditure of possibly ? $70,000,000 more than originally con templated, and that taxes in this - amount could certainly be provided without inflicting any hardship on any group in the population. . The triumph of the adfhiniatration this afternoon in the decision of the finance committee to restore the li- ' censing or 'control provision of file < industrial recovery bill, was of ? J magnitude, and a timeliness the White House found highly pleasing. 1 During the progress of the delibera tions is was apparent before the com mittee assembled for the afternoon session that better understanding had been arrived at, Moreover, the south will be fii? gainer from the improved relations between the White House and the senate, for the assurance has now been given that file southern states, with their great cotton and tobacco interests, will be recognised , when fixe personnel of the board, to function under General Hugh Johnson, is named. ? - ? 4V.<. There will do seven iwmuw vi w>? industrial control board, and it may be that two of these will be southern men, not chosen on a political, but on a business basis. Senator Bailey , today conferred with President Roose velt concerning this phase of the in dustrial recovery plans, and is per- , suaded the south will not suffer from neglect. In fact, southern members generally feel better abopt the bill, and they are also of the opinion that no legitimate industry will have any thing to fear from the administration of th? act. It was reported today that Gen. W. J. Westervelt, of the research de partment of Sears Roebuck and com pany, would be one of the adminis trators wider General Johnson. Gen eral Wostervelt, it was said, will de- ) vote special attention to the textile industry. Restoring to the industrial control bill the provision for the licensing 1 of manufacturer* as a means of mak ing the administration of the propos ed law effective, the senate commit tee late today reported the finished j draft to the senate and arranged for general debate to begin Wednesday. TARBORO BAPriST.BIBLE CLASS ENTERTAINED HEBE The Emily Austin Bible Class of the Baptist church at Tarboro, met here with Mrs. G. W. Acree on Tues day evening1 at her home on Waverly street, with twenty-six members and several Invited guests hi attendance. yrnitfo^Elite, designated as the Pollyanna meeting. ' A AAA{A1 *!?<->?? M warn- mi {Avfa/t ' SV A - A social ocur was enjoyea at too con ^TAtawn lltan _r Eastern Warehousemen . Met in Greenvffle On Wst*ei&& ' r. Greenville, June 7r^Tl? tiu|^ lin will ** you if you don't watch out," Cup*. J. C. Lanier, Greenville attorney told tobacco wardwusemen of this part of the state attending the annual meeting of the East Caro lina Tobacco Warehouaemen's Asso ciation here today at the Country Club. The statement came as the speaker attempted to impress upon the tobac conists toe importance of organizing to prevent legislative confiscation. "It would be my idea to have your association form a steering commit tee with ample backing to look oat for legislative matterr and tax prob lems to the end that you get a fair consideration at the hands of law making bodies of our state and na tion," tot ?pwker assorted, The tobacconists wow welcomed to the citw by Mayor <3. Flanagan who declared tot municipality was al ways glad to have as Its guests such a distinguished gathering resenting thesnosMmportanf industry In this part of the its* nen, prominent tobacconist of KocJcy Mount responded. ^ The visitors were treated to a de lightful barbecue dinner at The noon hour after which a business session, mgrfroH by the election of officers, was held The session was adjourn ed at 3:30 to permit members to at tend the opening game of the Coastal 5Sn leaguebetween Ayden and Greenville. Introduced by Gapt. W. S. Moye as a man well' acquainted with the to bacco business, Capt Lanier spoke on the subject of "Application Bwsi" nesfl Principals to, Tobacco Warehous ing," Declaring tho tobacco warehouse business stood on the threshold of * new era the speaker attempted to point out to the warehousemen some of the meat glaring leaks in their business. He deplored the mad race to sell toe most pounds of tobacco, and ask ed "What profit you if you sell the most tobanco and spend all your profits selling?" J t. He urged the elimination of the trucking evil and rebates to targe farmers. He also mentioned the loss of weight which is charged against the warehouse by the buying interest. He asserted that there is no moral reason why any warehouse should be compelled to pay for loss of weight in any basket of tobacco between the it leaves the warehouse and is YJiwtdl*S stolen tobacco and tha banking side of the warehouse business and especially the custom of charging warehouse MO of 1 art for cashing cheeks. He said the ehecks eashing item alone cost the five targe markets of the belt in ex cess of $30,000 a season. He urged a revision be made to cut down cost. . Speaking of the item which he as serted "Has busted more warehouses than all others combined" he called to the pernicious system of loaning money to people "who ate not entitled to credit Ha also discourag ed lending of money to the "fly by night" speculator, and declared it was up to the warehousemen to formulate to do away with these undersir able things. _ Home Coming Day Success With Christians WW w ? -w 11 liw ^wwm - ~ .J ?? '' i. . . The Home Coming Day, so long hold on Simdsy, June 4. wm a joyous event, tb* attendance being large, the sermon and music spirited and inspir ing- The basket luncji spread under Jdany former members and visitors ^ jIImJLamaA ?? n ii - 1^' i,4in ^ J ? M rrom a otstance were m stten.iance, old friendships were .matwed and the old time fellowship, whieh is most be coming tothe churches of Chrtrt was fniiAmiil fV{, nnfHt jjf 1.^ __vi j i ? 55??j?H-^ -^VKr. - Back Ti Jm Makes Speech Before L^gu^rfN^ons; Re I ^:'fv I ?mmrnmmmmmm / Geneva, Jane 6.?A representative of Chancellor Hitler's government pledged his word before a public Lea gue of Nations council meeting today that Germany will give bade to the Jews the position they recently lost in German upper Salesia. The question of Germany's treat ment of the Jews was brought be fore council on May 20 when Fran* Bernheim, a German Jew, presented a petition charging that the barring of German Jews from professions in that area contravened a Polish-Ger man convention guaranteeing cer tain rights regardless of race or re ligion. Caustic words passed between Frederick Von Keller, German rep resentative, Stephen Oausky of Cze cholovakia and the Norweighan rep resentative Christian L. Lange at the meeting today. Herr Von Keller charged Lange with having challenged the good word of Germany when the Norweighian referred to the necessity of prevent ing local officials from misunder standing the purport of general laws and insisted that Osusky went beyond the agenda when he hinted that the entire problem of minorities should be handled by the league assembly. Berlin, June 6.?^Germany will re spect the findings of the juridical committee of the League of Nations council in the Bernheim case it was authoratatively stated today. In German opinion the committee's report has no practical -significance for settling the Bernheim case is was explained but has farreaching judicial significance in that an uninvolved in dividual can intervene in behalf of someone directed affected. "Germany will naturally in later cases, should it be deemed advisable, revert to the ridical committee's opinion," a spoxesidan said. Auto Death Tell Is SUfbtly Lower Only One Person Killed In this Highway Patrol Division During May Greenville, Jane 7.?One person was killed and nine injured & automobile accidents in this highway patrol divis ion durihy the month of May, it was made known today in the monthly re port of Lester Jones, patrol lieuten ant. The death toll was slightly lower than previous months, although the number injured was approximately the same. An additional feature of the patrol activities last month was the collect ion of revenue from beer. This came | about through legalization of S.2 peri cent beer by the last legislature. The report showed that $814.62 was col-' lected from this source, making total collections for the month, $6,831.98. The patrol made 64 arrests and 56 of the defendants were found guilty. The patrol issued 227 marnings for parking on the highway?, 109 for hogging the road^lO for hearse driv-! ing, 72 for entering the highways without stopping 227 for walking j wrong, 85 for speeding, 11 fpr driv-i ing, 72 for entering the highways and 26 for passing on curves. The report also showed that 19 ac cidents were investigated and a total of 999 cars stopped for various causes. 1 _ | Canning Outfit Installed Here IL A. Jeyuer, head of the local Wel fare Belief organization, announces that a canning- outfit-has been install ed in the Askew building on Wilson street this week for the purpose of canning vegetables from the gardens planted 3>y this organization, for win ter WIS. - The Association will assist others, who are net* prepared for canning in their homes and solicits the coopera tion afthi? community, requesting that no surplus vegetables or fruits v " ? - to them for conservation. Their mot to is, "Can Everything Yon Can Can." Mr. Joyner or Mrs. J. T. Taylor will be glad to answer any inquiries concerning this project and plans for summer canning. "Many Graduates . Seventy-five young women and two Carolina Teachers College, Monday, June 6. One hundred and three re- , ceived the normal school-diploma at the same time. The largest crowd ever assembled for commencement as sembled to see these graduate, and to hear the address of Dr. Will Durant, noted philosopher, author and teach er. At the close of the exercises Presi dent Wright made several important announcements. Gifts to the Student. Loan Fund for the year total $1,178. 42. The total enrollment during the year, counting no student twice, is 1290. In compliance with the recent law, the Board of Trustees fixed i? tuition charge, which will be $12.50 per quarter. The total amount paid by each student will be $77.50 per quarter. The Academic procession used this year for the first time was very im pressive. The music throughout the commencement was very beautiful. ... Dr. Durant delivered a truly great address on the subject "Is Progress Real?" He reviewed the stages of progress throughout the ages, named the achievements of mankind that have never been lost, and that show man's steady climb upward. He enumerated ten of these: Speech, fire, conquest of animals, agriculture, so cial organization, morality, science, writing or printing, and education. He said that without education all that mankind has achieved would be lost, and impressed upon the gradu ates the tremendous responsibility that rested upon them in transmitting the heritage of the race . "Fearless Individualsm" was the theme of the baccalaureate sermon Sunday morning, June 4, which waB preached by Dr. Charles F. Myers, pastor of the Firct Presbyterian Church, Greensboro. His text was John 21:21 "What is that to three? Follow Me." He gave as the three stages we pass through in becoming' real individuals: the assertion of our selves. He gave .8 the three needs of every person before he can become a real individual, faith in God, power and pardon. His sermon was rich in apt illustrations. A large number of alumnae gather ed for Alumnae Day, Saturday, June 8. Mrs. J. H. Thompson, of Golds boro, acting president, presided. The following new officers were elected to serve for the next two years: Presi dent, Miss Elizabeth Smith, assistant dean of the college; vice-president, Mrs. H. H. Turner, of Raleigh; Secre tary-treasurer, Miss Wita Bond, of Rocky Mount; Corresponding Secre tary, Mrs. W. A. Simons, of Green ville. The new members of the Ex ecutive Committee is Mrs. Clara Davis, of Washington. President Wright 4" his annual message to the Alumnae, analyzed tne present situation in education, uttered warnings if education is neglected, and predicted the coming of a glori ous balanced civilization if all work together for the good of alL He told them ways in which they could be of j service to the State as well as to their .Alma Mater. He reminded them of I the amounts allotted by the State for | the upkeep of the roads and education of the children, and said "Educate the children and if the roads are torn up they will build them back; fail to edu cate the children and build roads and the generation we fail to educate will tear them to pieces." Class Day exercises were held on the campus in the late afternoon, of Saturday, June 3. The dairy chain by the two-year class was, as always, one of the features of commencement Thf senior class pageant-play on the campus had the theme "Idealism" and was written by members of the doss. The Y. W. C. A. Vesper Service held on the campus at six o'clock Sunday evening was a "Litcay of Comrade ship." The girls representing the characters were elected by secret vote of the student body. They represent ed superlative qualities. Farmville is very proud to have list ed among the seniors at E. C. T. C. this year, Miss Rosa Lee-Lang and Dorothy Smith, who received their A. B. degree and Miss Mary Ellen Yel verton, who was among the two year normal graduates. ?
The Farmville Enterprise (Farmville, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
June 9, 1933, edition 1
1
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75