rOkinNR?M? RARMViLU^ PITT COUNTY, NORTH CAROLINA^ FRIDAY, JUNE SO, 1S33 ^ NUMBER HGHT 1 11 11 "" "11 ? ? ' 1 .? .. . . , ? , - .j Sales Tax To Be Effective In North Carolina July 1 * New Revenue Measure Becomes Effective In State Tomorrow North Carolina's new taxation plan ?the three per cent tax on all retail sales of ytirln except gasoline, fer tilisers and foodstuffs?will go into effect at one minute after the stroke of 12 o'clock, Saturday, July 1. Authorities predict it will raise ap proximately $9,000,800 a year and is expected to go far toward balancing the 1933-35 budget, which calls for support of a state-wide eight months' school term. Exemptions are made only on "necessary" foodstuffs. Entitled "emergency revenue act to provide for the deficit in operating expenses of the state government and to protect its credit, to provide a bal anced budget for the ensuing biennkun to provide additional tax relief through a uniform state-wide public school system without a tax on prop erty," the bill was passed by the 1933 legislature which adjourned after about five months in Kaleigh. "The tax was levied as a license or privilege tax for engaging or continu ing in the business of merchandising," Commissioner A. J. Maxwell of the revenue department said in a recent statement. "It is the purpose and in tent that such a tax shall be added to the sale price of merchandise and thereby be passed on to the consumer instead at bemg absorbed by the mer chant," he said. - ? V* 1 L -Y. Commissioned uaxweu iasi wee* met with a largpe group of merchants in Raleigh to discuss details of levy ing the tax. No definite announce ment was made at the time by Mr. Maxwell as to details of collection, but the merchants were assured there would be no revenue tamps to mois ten and paste on price tags, with pos sibility of low-priced articles being exempted from the tax* inasmuch as it would be difficult to fix tax on arti cles selling for five and ten cents. The merchants were assured by the Revenue Commissioner that rules and regulations for collecting the tax would be promulgated within a few days. It is felt among the merchants in Farmville and Pitt county that they will cooperate in every way possible in Collecting the tax, with no tfcmght or intent of evading the issue or-try ing to aborb the levy. This latter course wonid .be contrary to the law, it is emphasized by persons familiar with the Me$ute. The ^tfeafcxlevy lifts the lb-cent ad-valorem' tax'off' property and also removes tw Bjwaal taxes in special IS viCHMOF UNLOADED GUN ... , ? QHSSpriile Jane 29.?One od^^ne I most track accidents to occur in this I section r years was that in which ? Water Linden Whiehard, 30 was ai I most instantly killed at 7 p. nu, Tues I day at the home of Hack Henderson, well known Greenville business man. I . Mr. Whkhanf died of a gunshot wound in his left side, the result of I the discarge of a shell from! an auto I ma tic shotgun in the hands of "Mr. Henderson. The two. men were bosom friends. I Mr. Whichard called at the Hender I son home a few minutes before the I fatal accident and with several other men were in conversation in'the kitch I mi of the home. The subject of tent I self a lover of hunting, went to a ? closet to get a gun which ho had re ? cently acquired to show his Mends. It was while in the act of demon I charged-_snd the-qsntents took ? ^ . Cr I naa awg ? [ ? ?" """" " iZ-- ?? M ? fS ' v *? llrliT irrr fIV 11 OxffrilV L':Zk<c: '?;?<. SL- -Tw ill*? 'W 'ill * '*'??" '*'tJNiBxc. Althifrjjgfc ? IhffB nr W t ? . . I . " - , Interesting News To Pitt Go, fcrim Expect A Substantial Scale-down In Debts of Many Borrowers : . ? ? *! Farmers of this county will be in terested in the statement just received by IX EL Oglesby, secretary-treasurer of the Farmville National Farm Loan Association, from Henry S. Johnson, Agent of the Farm Loan Commission er, stationed in the Federal Land Bank of Columbia, S. C., telling how it is expected there will be a very substan tial scale-down in the debts of many borrowers because the farmer getting a loan will be able to offer cash for settlement of debts which he might not otherwise be able to pay. Commissioner's loans are being made to reduce and refinance farmer's debts on a longer term basis, to supply working capital and to refinance fore closed farms. The collateral accepted is first or pecond mortgages upon all or any part of the farm property, real lor personal, including crops. Of | course, before the Commissioner [makes a second mortgage loan he wfll ask the holder of the first mortgage to waive foreclosure rights in accord ance with the Commissioner's regula tions. - - ? - M i Loans are limited to a maximum ox $5,000 each. These loans plus all j prior mortgages or other evidences of I indebtedness secured by the farm [property may not exceed 75 per cent of the appraised value thereof. During the first three years the < loans are in effect, borrowers will not i be required to make payments on the principal if they are not . otherwise "in ; default, with respeet to the conditions or covenants of their" mortgages. The loan must be repaid in such annual or semi-annual installments as will dis charge the debt within the agreed [period. The Commissioner's agent also points out that these are collateralized and not personal loans and that the fi nancial condition of the applicant as well as his history must be considered, including, of course, the ability of the farmer to repay his loan. The prop erties are appraised by the Federal Land Bank appraiser and he uses the same general values in arriving at the value of the property to be offered as collateral. The principal difference between the Federal Land Bank loan and tixe Commissioner's loan is that, the land bank loan is made only on the property and can not exceed SO per cent of the normal, appraised value of the land plus 20 per cent of' the insured, permanent improvements whereas the Comnisatoaar's Agent may lend up to 76 per cent of the nor mal value and accept second mortga ges and personal property as security. The agent points out that for the convenience of the public the secre tary-treasurer of the local national farm loan association has been ap pointed as correspondent and that far mers should find it convenient and satisfactory to make their applications to this correspondent rather than ap ply directly to the agent stationed in the Federal Land Bank. ?? . ,# I Navy to Get I 400 MUtion ? - Washington, June 29.?High offi cials hope to spend $400,000,000 on the daring the fiscal year that be gins Saturday. v Already *238,000,000 baa been art aside by President Roosevelt from public works money for neik ship con struction in a three-year program. Secretary Ewanson- has fixed $46,000, 009 as the minimum for die first year expenditure on 32 vessel*# This brings the fiscal year's as FmnyMan of Roscoe Tatty" Ar buekle Succombs To Heart Attack During' Celebration New York, Jose 29.?Roscoe "Fat ty" Arbbdde, bulky comedian of the films, died early today of a heart at tack that followed a celebration of the first anniversary of his third wedding. He was 46 year* of age. The actor, who had been attempt ing a comeback from the plight that fell on his career as the result at the mysterious death of an actress during a gay party in 1921, died in his sleep in his suite in a midtown boteL His third wife, the former Addie McPhail, screen actress, discovered his death. After summoning the house physician, she became hysterical from grief. Physidan said Arbuckle died of angina pecteris. Arbuckle completed a picture, "Tamalie" yesterday at Long Island studio. It was one of six he had recently done for Warner Brothers. After dinner last night he went with his wife to the apartment of William Lahiff, restaurant proprietor, where a party was given in honor of the Arbuckle's anniversary. After the party Arbuckle retired, apparently in fairly good health, de spite recent attache of heart ailment. A few moments later, however, his wife called to him, and receiving no answer, discovered he was dead. Response From Marmora Fine . ?? - 'jr.'z . : - . . \ Acreage Reduction Sign Up fit OAier To Cut Production The responses from the farmers of the county with reference to the cot ton sign-up have been gratifying, con sidering the short length of time that they have had for its consideration, having been, presented to them for the first time last Friday. The meetings over the county will conclude today, and these of course have been held for the purpose' of getting the matter to the people, so the members of the committees in the various counties could be inform ed and transmit this information to their neighbors. With this information in hand the members of the committees of the various townships will begin active work, and it is hoped that the farm ers of the county will give them their best possible co-operation and thus help them to satisfy the agricultural department, that it can put its O. K. on the plan and give us fifteen cents per pound for cotton this fall rather ban five cents per pound. Mr. J. T. Thome reports most sat isfactory results in efforts put forth in and around Farmville, and feels quite sure many more farmers will sign up within the next few days. I Corbett'g Garage I I Installs New And ' | Modem Machinery I Motorist of This Section Can Now Hare Their Motors Rebuilt Here to A Thousandth of An Inch Accuracy. Mr. J. C. Corbett, owner and misna I per of Corbett's Garage, located on Wilson street, this city, announces I elsewhere in this issue the recent in tallation of the mmft modem and com plete motor rebuilding and valve re seating outfits to be had, and invites ? the motoring public to visit his shop I for an inspection. ? ^ ? I In rebuilding motors Mr, Corbett ft states that he'can now do "the job to I loing awnr wjth the old i d fashioned K ' ate .IV Mil Ti*, ? II l^M'' "?!?? ?? bill ? I guw wonc metnoa. visvery operation V ? , !, . llffilawsirfs ?- Vy-" Chief of The President's "Brain Trust" arrives is&ghnd Plymouth, Eng., June 28.?Prof. Raymond Holey, chief of President's "brain trust," arrived here this eve ning aboard the liner Manhattan to survey the situation confronting rhe World Economic Conference at first hand. Professor Moley made clear he was not here as "boss" of the United States delegation. _ \ He said his only purpose was to give the American delegation a first hand view of the situation the United States as it has developed since the delegation sailed, and to return with a first-hand view of the situation in London to give to President Roose velt Holey emphatically denied that he bore with him any new debt settle ment offer. He said: "The debt question remains in Pres ident Roosevelt's own hands.". He likewise denied his mission had anything to do with American recog nition .of Sovit Russia, thereby tor pedoing two of the favorite theories bandied about in conference circles since announcement was made that Moley would grace the conference with his presence. Moley said: "I am Secretary of State Hull's as sistant. In refuting reports he was to 'boss' the delegation, I am not even a member of the delegation. "In the words of President Roose velt, I am 'a messenger or liaison of ficer' conveying the President's views of various developments." Dry Bureau To Dismiss 1,300 Washington, June 29?Attorney General Cummings announced yester day that more than 1,300 employes of the Prohibition Bureau will be fur lounged or dismissed June SO to have $4,000,000 in the coming fiscal year. Among the employes to be drop ped, the Attorney General said, are administrators, attorneys, investi gators, special agents, secretaries, stenographers, typists, and clerks. Their names were withheld. The employes involved are scat tered throughout every State in the Union and the territories and the District of Columbia. The largest number is 296 in New York, and 89 in Pennsylvania. Selections For Revenue Post Reynolds Names His Choice For Infernal Revenue Jobs in N. C. IAsheville, June 29.?Senator Robert R. Reynolds announced here today that he would make direct appeal for North Carolina voters to support the repeal amendment at Wilmington be fore the Young Democratic Clubs and at the same time listed his eight se lections for internal revenue depart ment positions in the state. K Reynolds said he would discuss the benefits of prohibition at the annual teeeting of Young Democrats on July ! 8 at Wrigfatsville Beach near Wilm ington and will urge voters of the state to vote for repeal in the Nov ember 7 election. Regarding the selection of the in ternal revenue workers, the Sena tor explained he had appointed eight and that Senator J. W. Bailey would chief of fte income tax division at ^^ton, deputy in the Whitdcers; Joe Mallett, of ^Tarboro^ Ai^ ? ? : r Urging Farmers To Cooperate Government's Acreage Reduction Plan Best Says Blalock Raleigh, June 29.?Urging farmers to cooperate in the government's acre age reduction plan, U. Benton Blalock, president of the American Cotton Co operative Association, today said that with a 13,000,000 bale carryover and good prospects for a crop on 40,000, 000 acres this year only "an optimist can look forward to anything like a fair price for cotton this fall unless our acreage reduction campaign goes over as a big success." Mr. Blalock termed the plan as "probably about the best that could be submitted under the authority vested in the Secretary of Agriculture through the Agricultural Adjustment Act;" and summarized the following as seven inducements offered cotton farmers to cooperate in the plan: "It offers a very fair rental for cotton land according to productivity. "With options on cotton at six cents per pound the cotton farmer can im mediately close out his options for three to three and one-half cents per pound profit. MT/ t?a ?a /)aoi'vao 1\q mow linlrl V?ia XX iiC ?>V UVW1A VU UU*J UW4U options and if the production for the season is curtailed two or three mil lion bales and the price of cotton is thereby increased, he not only profits by the increase in price on his cotton held under options but also on the balance of the crop that he produces. "The cotton farmer by disposing of a portion of his crop now eliminates all crop hazards such as droughts, floods, hail storms, boll weevil and other insect ravages. "He saves all further expense of cultivation and the harvesting of that portion abandoned." "He 'cashes in' on a part of his crop at a time when the average cot ton farmer has nothing to sell and no money in bank or pocket "The producer is allowed to plant the abandoned acres in late corn, for age crops, or any other kind of crop for home consumption and the South ern farmer rarely ever has an over production of food or feed crops " Mr. Blalock who has spent consid erable time in Washington recently j conferring with those in charge of tlA cotton acreage reduction division, ha3 contended from the beginning that to be successful any acreage reduction plan would have to offer greater ad vantage to the producers whe cooper ate than to those who do not cooper ate. | Answering the question "What are jthe reasons for the adoption of this very drastic method for cotton acre age reduction?" Mr. Blalock said: "We are" suffering from a heavy I overproduction of cqtton and are go ing into the new year with the largest carryover of American cotton ever known, approximately 13,000,000 bales, or almost a year's supply. To get this annual carryover down to a normal basis of four or five million bales through a policy of 'letting na ture take its course' would mean that within three or four years under the workings of the unhampered law of supply and demand this goal might be reached, but it would mean our con tinuing the production of cotton under unprofitable price levels in the mean time." > I !& SORET AMD MOORE OFFER V MOTORIST 1M PER CENT : ? V % LUBRICATING SERVICE ? '? ' ?. . The attention of oar readers is called to tim advertisement in this issue ?f Messrs. Sorey and Moore, operators of toe Motor fern Service and Chtut&-streets opposite the Bank These young men are wide-a-wake in act! vit service to motorist and .Drop in to see them and have your Dollars Befow Year I Corporation Values May Swell This Figure By, Two Million -r . Property values in Pitt County foi?'. the year 1933 are approximately $10, 000,000 less than they were in 1532, according to an early review of the tax scorrls turned in by the list takers in the several townships. C*upty val ues, other than those listed by "cor porations, are listed at $23,748,533. Corporation values will undoubtedly swell this figure by two million. A glance at the table below will show that the 33 1-3 per cent hori zontal reduction in valuations order ed by the commissioners earlier in the , year, will about make up for the dif ference in values of 1933 and 1932; Naturally there is going to be mnch speculation as to the effect this de crease is going to have on the tax rate, which will' be set some time next month, or the month after. A rate of 831-2 per cent was levied last year for general county purposes. The 15 per cent ad valorem tax and the other percentages lopped off by the Legis lature would have effected a consid erable saving to the owner of real, estate, and will give some relief along the line, since the sales tax will pro vide revenue along this line. 1 ? ? ? ? 1932 and 1933 COUNTY PROPERTY LISTING BY TOWNSHIPS . 1932 1933' Ayden $ 3,274,185 $ 2,050,611 Chicod 2,866,048 1,829,512 Falkland 1,264,450 852,137 Fountain ? ,919,320 592,800 Farmville ? 4,600,030 3,059,075 Greenville 12,886,706 8,348,242 Winterville - 2,454,115 1,420,799 Bethel 2,242,388 1,446,836 Belvoir 699,971 469,221 Pactolus 1,055,132 699,052 Carolina 1,567,003 1,121,397 Swift Creek _ 1,560,757 1,103,704 Beaver Dam 1,151,607 765,161 Totals ?? $35,741,712 $23,748,533 Repealers Are Entbusasfic Possibility of Repealing 18t{) Amendment Be fore New Year's Day Washington, June 28.?Anti-prohi bitionist today looked upon the action of West Virginia and California in joining the procession of wet states as having heightened the possibility of repealing the eighteenth amend ment before next New Year's day. Sixteen dry states have already vot- . ed to remove the prohibition law from the constitution and seventeen others have definitely set elections for this year. Both prohibition and anti-prohibi tion forces admit four other states, Florida, Missouri, Montana and Utah may act before 1934. Only two states, Nebraska and ?outh Dakota, have definitely, decid ed against voting this year. That leaves nine states with no indicatipn as to their probable action. 111 ' ?^ I II ? . V', ? R.F.C. Profit 26 Million I Washington, June 29.?The Recon struction Corporation made about $26,000,009 between February 2, 1932, and May 81, 1988. ? The reports of the Corporation to Congress show an operating surplus of $17,802,090 up to December 21, 1983, and a surplus of $8,228,778 ac cumulated between January l, 1988, and May 81, a total of $26,030,7*8 for the 16 months. The Income was de rived from interest on loans of all kinds. But the Corporation will not do so well hereafter. Congress attend ed to that It directed the Corpora tion to give the Emergency Relief Administration $W)0,000,?90; the Fed - xwal Farm Administrator $800,000,000, |*i to supply $200,000,000 to lie, Home Loan Corporation. The relief money will never come back. % * . ?'?' # V ??.,v :t!hS?E '?f' v. ] I

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