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
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'*'tJNiBxc. Althifrjjgfc ? IhffB
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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
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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. % *
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