Carrying as a theme the import
ance to the Sooth of the goal of sett
containment, "The New Sooth," a
sound and color motion picture of
east scope, was shown to as enthusi
astic audience last Friday night at
the Detis Hotel.
This remarkable picture, which is
bring shown by the distributors of
Arcadian Nitrate, traces the history
of the Southland agriculturally and
industrially from the coining of the
first white man, and depicts in a
series of beautiful color shots the
lands and vegetation that make up
the South.
Of the first Settlers, it says "They
opened up a wilderness! Hill and
tableland ? and every kind of soil,
sandy loams, and day loams, soils of
many colors?yellow, red and black.
Every kind of land for any kind of
crop, and no frost half the year. A
young land and a great people, hardy
resourceful and proud."
The film then traces the develop
ment of the greet agricultural empire
of the South. "In 1793, six thousand
bales of cotton. Whitney invents the
gin?two, five, m million bales?
from the heart ?>{ the South. And
Cotton was King!"
Tracing the modern development
of the South, the film then portrays
a world of change, with giant cities
and growing towns. Rising industries
' are shown, based on the vast natural
resources. The underlying aim of all
this development, it is pointed out,
is economic balance through self
containment.
Taking up the problems of the mod
ern South, the picture brings to the
farmers messages from several agri
cultural leaders. They draw atten
tion to the front line of attack on
farm problems?the agricultural ex
periment stations maintained by each
SX3X6*
Shown at work are scientists who
spend their lives studying for im
proved farming methods. Here re
sults achieved by various ratios of
plant food?nitrogen, available phos
phoric arid and potash?are com
pared in accurate controlled plots.
Plant vigor and plant diseases are
studied, as are also ways and means
of keeping the land young?how to
save it from wearing sway.
To achieve s ^tf-containment, the
film shows, the South, especially in
time of war, needs an nnfailing sup
ply of low cost nitrogen. The scene
then changes to the great plant of
Arcadian Nitrate at Hopewell, Vir
ginia, largest of its kind in the world,
which is providing .such a supply.
For the future "The New South"
foresees self-containment for a more
prosperous South, Southern agricul
ture building Southern industry;
home industry supporting Southern
farms, more and butter crops, with
profitable markets awaiting them,
and homefolka baying from home
folk*.
Fall Is Vegetable
Garden Time, Too
Not many folks give much atten
tion to their vegetable garden at this
season of the year; hot that's wrong,
says H. B. Niswonger, horticulturist
cf the Stats College Extension Ser
vice. The garden soil should be pre
pared for spring planting in the fall,
he says.
Ofve the garden a heavy coat of
stable manure or sweepings from the
penBij house, Niswonger advises.
For each one-horse load of manure,
broadcast 25 pounds of 16 per cent
gt^erphosphste. If the garden area
is not subject to ami exeskm, phxw
the manure under. Leave the soil
in the rough and do not Harrow or
otherwise prepare the soil for plant
ing until about the time preparations
are made for the spiring garden.
plan to pov mature onions for mar
soil aow. Select aoilwiuch will work
easily and which will not bake after
g:- Mwaeiugta also suggested that die
growth of spinach, kale, and otfcar
per 100 fast of row. ? Cover the
vent fi i natilj. and yon will secure a
longer irt*rwf period. Cold frames
may be atOiasd to grow lettuce and
other greens at tide season, he stat
ftMwmiuwfagMt of the specialist
OS- stonii^ coli&TuS 2LSfi caooagd sT6
'M il ...?...? I
*<r/y. J ? - - -
1
By HUGO S. SIMS
(Waafciagton Cerreapondent)
MAKING THE RECORD.
NO BALANCED BUDGET.
MILLIONS FOB DEFENSE.
BATTLE OVEB TRADE TREA
TIES.
LABOR BOARD UNDER AT
TACK.
FARM AID, WPA SAFE.
FOREIG ISSUES QUISCENT.
THE ANTI-LYNCHING BILL. ?'
??
The third session of the Seventy
Sixth Congress, which began last
week, is not generally expected to
produce much in the way of new
legislation. It will serve as a
prelude to the elections this fall)
and present both parties with an
opportunity "to make the record"
on which they will appear to the
people.
One of the problems that Con
gressmen will face revolves arbond
the budget. So far as we can tell
at this time, there is little prtopeet
of any redaction in Governmental
expenditures, although sizable re
ductions may be found in the ap
propriation bills for various pur
poses and departments. Moreover,
Congress will not be anxious to
levy taxes to provide funds for farm
benefits or to finance the national
defense program.
The probability is that if it ap
pears that the deficit to be ac
cumulated in the next fiscal year
will exceed the present statutory
debt limit of $45,000,000,000 before
Congress can assemble in January,.
1941, the statutory debt limit will j
probably be increased. Of course,
it will be accompanied by assur
ances that it is a "precautionary"
measure. ~
Appropriations for national de
fense will probably exceed all
peace time records and there will be
little opposition. Last year the ap
propriations for the Army and Navy
totalled $1,650,000,000 and this was
increased by the expenditure of $272,
by the President under the emergency
created by the outbreak of war. The
President's program does not go to
the lengths that are favored by ex
tremists but it is a major undertak
ing for the nation. Steadily the arm
ed forces of the country are being
brought to a state of instant prepard
neas for battle. Plainly, in the pres
ent state of world affairs, it would
be foolish for the United States to
neglect its armed forces as long as
there is any doubt concerning the
outcome of the struggle in Europe.
Probably the most vociferous bat
tle of the entire year will revolve
around the effort to renew the au
thority of the President to negotiate
treaties under the Reciprocal Trade
Agreement Act, which expires on
Jane 12th unless renewed by Con
gress. In his message to Congress,
President Roosevelt strongly Urged
extension of this law/both in the in
terest at the nation and as a measure
designed to restore world trade to
sane channels. Mr. Roosevelt plainly
program with Ma Kope~af -^better
world when peoce retOTu^3tarope.
should continue its premifc ^trade
future resort W arms.
The National IaAer^SHBAct
HKle the subject of vigoroe^s at
sr'nornftthiw<f " will ' D6
. ?? ?? * -- _ _ ??
The law, as originally passed, was
to prevent employers from interfer
ring with labor tts
now going tofhmera,' Whefcer the
r.,%v ^ ^ y"'n'Ju?-Z'Z ?' " ?
I -it _ , ? ??? '" _>W* ?
I is" for whto-1 j
ment that can save money on this
item will be a pick-up in employ
ment, based on improved business i
conditions.
??
Foreign affairs are not expected |
to take up much of the time of
Congress, although some unexpect
ed developments of the war in Eu
rope may precipitate action by
Congress. The Neutrality Act will
probably, be left alone although it
is possible that some provision will
be made to assist Finland. There
is every indication that the move
ment to impose an embargo on the
sate of all war materials to Japan
will be pushed unless the Japan
ese bastes to make far-reaching
concessions to the interests of the
United States in the Far East. Gen*
erally, however, tee opinion is that
there will to no absolute embargo On
exports or boycott on imports from
Japan unless something unexpected
happens.
?
A number of legislative matters,
told ever from, the- previous regular
session, will come up before this ses
sion. Among them will be the Gdta
gan anti-Lynching bill' which will to
taken up by the House in accordance
with & petition already signed by the
requisite number of members. In
the Senate, Southern Senators will
attempt to talk the measure to death.
The Fraaier-Lempke Farm Mortgage
Moratorium Act, which expires iu
March, will probably present some
discussion although oar guess is teat
it will to renewed. Originally passed
in 1985, the measure has been once
renewed and if teste ate complaints
from the farm tegion, which seem
likely, little opposition will develop
to renewing the Act again.
Two Good Milk Cows
Needed on Every Farm
A cow is the most efficient pro'
ducer of food known when it is prop
erly fed, says Prof. R. H. Ruffner,
head of the Department of Animal
Husbandry and Dairying- at State
College. Because milk is the most
nearly complete human food, he
urges that every farmer in North
Carolina keep at least two good milk
cows for a year-round family milk
supply.
"Increasing dairy production is. the
logical and desirable development
in North Carolina because of the
long pasture season, increased grain
and roughage production, and avail
ability of cottonseed meal and other
feeds rich in proteins," Prof. Ruff
ner declared. "Income from dairy
products, important though it is, of
ten is secondary on many farms to
the value of these products in furn
ishing- essential food for the family."
the State College professor point
ed out that a cow needs a well-bal
anced ration to supply the proteins,
fats, vitamins and minerals that are |
in milk. Adequate nutrients are
needed, also, to maintain body weight
and to develop a strong calf each
year.
Cottonseed meal is rich in essen
tial protein, and is also a-good source
of phosphorus; silage, hay, and cot
tonseed hulls are economical sources
of carbohydrates and fats; and
' ?? . ?'*. ' jv. . -4 of _ ' * - ?
, ? ?. I
, '? - , ,4 - , , ,J - 1
one-half this amount is fed.
ImprovedjConsumer
Demand Increased; Prices In
come From Farm Products
: Farmers begin ?-?ew yea? ^ and
new defed*; ,-r
prospects for prices and income, ac
cording to the Bureau of Agricultural
Economics. Consumer buying power
continues relatively high, and the
average of prices of farm products
is the highest in more than two yea**
Poorest spot in the picture is the low
price- of hogB due to a production of
almost record proportions in 1939.
The Government index of prices
of all farm products combined starts
the new year at about 100. But prices
farmers pay for commodities used ?
production and f?r family living are
20 to 25 per cent higher than the
pre-World war average. And the
exchange value of farm products for
other commodities is about 20 per
Cent" below pre-war.
Dollar wheat has become a reality,
principally on prospects of an un
usually small winter wheat mop next
summer. Total United States pro
duction in 1940 will probably be below
domestic requirements, bnt the carry
over of wheat on July 1 niext has been
forecast at more than 260 million
bushels. A part of this carry-over
win be needed to make up the defici
ency in the 1940 crop. Meanwhile,
there is plenty of wheat for domes
tic and foreign requirements. -
Cotton has been topping 11 cents
a pound?the highest price in more
than two yean Factors in the ad
vance include the greatly increased
domestic consumption following the
outbreak of the European War, im
provement in domestic business con
ditions, the large sales of American
cotton for export, increased cotton
consumption in a number of import
ant foreign countixes, and a some
what larger Governmental loan on the
19S9 crop than in 1988.
The total supply of food this sea
son is the largest on record, but the
amount per head of livestock on
farms is slightly below the record J
supply of 1938. More cattle are being j
fed thfe season than last, with the
result that marketings of grain-fed
cattle will he larger this winter and
next spring. More lambs are being
fed, and the 1989 production of pigs
has been estimated at 84 million?
the lafgest crop in 17 years of record.
Food prices have advanced so that it
is costing mor^to produce livestock
and livestock products.
Milk production probably will set
a new high record-for thie season this
whiter. There are more cows on
farms, and prices of dairy products
recently have been the highest in
nearly two years. Milk production
totaled more than 111 billion pounds
in 1989. This was the largest an
o.-trfc TAW VMrS M
fl* 1 5 4" l A ?] nrrpnf *
? ' j 3
4y is tH6 on tGOoru* r ornivrs ^
(taction of these products from do- ij
mestic materials totaled about U .<
billton pounds in 1989, comparad: <
with 8 billion in 1988. Increased <
production of lard, pork greases, beef \
tallow, sowbean oil and linseed oil J
mora than offset the reduced output ( <
of cottonseed; peanut, and whale oils, 1J
|.; Egg production has becoma l leas. a
profitable to producers. Prices of <
eggs havtf-declined# prices of ?n&'1
advanced. Farm laying flocks are J
larger than at this time last year.
Supplies of poultry in eariy 1940 will ?
be larger than at the sarnie time in !
1989. |
Consumer demand for fresh fruits ?;
has improved, but the combined pro- <
(faction of 18 fruits is the second .1
largest on .record and exports have |
been curtailed by the European War. ;
This has forded a . large proportion
of the supply of apples, pears, and
citrus fruits on the domestic market. ,
Market prices of vegetables avsr*j
age somewhat higher this winter
than last Consumer buyfog power {;
is better and some winter vegetables ';
are in smaller supply this Beason.I'
Stocks of most canned vegetables are
much smaller than the large carry
over stocks in 1989?a sharp increase
in production of most truck crops
for canning or manufacture is ex- i
pec&t this year.
? v I
Supplies Down, Prices Up la Win
ter Vegetable Markets.
Supplies of fredi vegetables for
the winter markets are indicated to
be generally somewhat smaller than
a year earlier, the Bureau of Agricul
tural Economics reports in its month
ly analysis of the vegetable situation.
Together with increased consumer
purchasing power, this has resulted
in generally higher prices than those
of last winter.
The supply of late potatoes for the
3989 marketing season is estimated
to be about 1 per cent smaller in the
Central States and larger in the
West
Production of swjeet potatoes to
tals about 72.7 million , bushels or
about 5 per cent less than last year
but 3 per cent more than the * re
cent 10-year average. The crop in
the central Atlantic coast States,
| however, is considerably larger than
the relatively short crop in this area j
last season.
The total supply of dry edible ]
beans is indicated to total 17 million
bags, or only about 2 per cent less J
than the record large supply availa
ble last year.*1 Supplies of white and
lima beans are slightly less than last
season, but the supply cf colored
bcans exceeds the previous record
high level.
Although the acreage planted to
wiptfer vegetables in the Southern
States and CaMornia and Arizona
is indicated to be. slightly larger than
that of a year earlier, unfavorable
growing conditions have reduced pro
duction of a number of products.
Market prices of many of the vege
tables in late December averaged
aimougn prices uavq ciociinea some
whnt to the hurt month.
' ? 1 ?
THE ANSWERS
??? , ?
: & fop
ant-general of Czariat Busaia.
3. One in which the pa* of work
is deliberately slackened.
4. Felix Frankfurter and William
0. Douglas.
5. Great. Britain by six hours.
6. John Gould Fletcher.
7. in 1986.
8. No; about three-fourths of
?PSrfty. :? ? v'S -o ? .''a*
9. Mussolini's policy is nph-hel
ligerency rarher than one of complete
neutrality. r\S:ij..V '
f m Ar^tl 7hf0. j ?
HSWk?'.XX &E*l, .-.U-i?*'
szS0AEP j
E^drow* ?
lUsiuM Moa k * ^i!Z; ^
FARM V1LLE, N. C. .
\m , ' vmfm ? ? ?? -"*.? - '?;?'-?? A,?*a i
W f
? X j
I* A J?i. ' ' yv * A ft m W II ?? ii /iiJiill it. n , v ?I
I ' * xl
? x i
? T' Vl'IAPS ?tM
A ?k x Alh Jk?^. JL XIVV^" tz'* -' '" aW''WB:^' ? . - .' A"
I UPBl ^BP r
L B ??,.? mWL ^K'F B PJ T
I ' jsjja. ?* ^B^Ku*'
^W?.. T
flr
<j^fe*?-X?'^?7'j*-? ??*'//}"~f ~^' ^ m!/ ? pJp. >?* ?> * ?- ^v"-:^l-vw:,y' >: >*v^?^J*"'^ '/']
$i.O^^S"eiten'g'feeLy ^denrear "7flc?. if?iI,
$4.00 Value Ball Band Boots $3.50 :
' ip Ibgt' S'" I, -i??' g^gr : \'t
: 2 No. 2i cans Crimson King Peaches \ 25c
? . J lUL.Ili rlr 1 Mjl T.J.1,1.1, ,.,,.l!',l, .,*). ,11
31bs. Drink Sweet Coffee Sfe.
: Oval Oak Wash Boahis 31c ;
THESE PRICES GOOD THROUGH
JANUARY 20th. ?
Mmlimm
Wilson Street Famville, N. C. \;
?
IM.. U..i.?<.??.?..?M>y.-"
. ?* ?-' - + ' - ~y
' ?? ?'??* *? - ' ? ? ' ?
REPORT OP THE CONDITION OP
im bank OF mfmm
FOUNTAIN, NORTH CAROLINA,
At the dose of business on December 30th, 1939
f r ' ' , ' * '*"* -? * ?
llK:S:S ? ' -ASSETS
1. Loans etui discounts (including no overdrafts) 6 61,90&49
2. United States Government obligations, direct and guaranteed 7,060.60
3. Obligations of States and political subdivisions? 9i849.24
6. Corporate stocks (including $....none ... stock of Federal
Reserve bank) 5,000.00
6. Cash, balanjcea with other banks, including reserve balances,
and cash balances in process of collection 116,983.28
7. Dgplrfng premises owned ?2,348.48, furniture and
flxtiires $59.18 ? ? 2,407.66
11. Other assets ; , 306.20
' i ?'
12. TOTAL ASSETS P _| 203,56647
- ? ?
; . ; LIABILITIES
18. Demand deposits of individual^ partnerships,
and corporations - ! V ... $ 105,158.38
14. Time deposits of individuals, partnerships,
and corporations - ' ? 38,012.92
16. Deposits of States and political subdivisions 10,160.68
18. Other deposits (certified and officers' checks, etc.) i 646.76
19. TOTAL DEPOSITS :.$163,868,73
23. Other liabilities I__ 1,58818
? -|fT
24. TOTAL LIABILITIES (not including obligations
snown in item 88) ??? 6 166,466.91
CAPITAL ACCOUNTS
25. Capital ? 1_? , , - ..j> 25,000.00
26. Surplus ' - '' " 17,50030
27. Undivided profita : 8,201.09
28. Reserves (and retirement account for preferred capital) ? 2,408.37
? * '
29. TOTAL CAPITAL ACCOUNT a ll | 48109.46
80. TOTAL II ^BUITIES AND CAPITAL ACCOUNT 6 206,56647
? ' ? ' ?
* This hade's capital consists of common stock with total par value of
626,000.00.
~
MEMORANDA
84. (ft) On date of report the required legal reserve against
deposits of this hank was ? 19/K9J9
(b) 'Assets reported above which were eligible as legal
reserve amounted to . 1 116,98848
;?i i
L I. M. Horton, Cashier, of the above-named bank, do solemnly swear
that the above statement is true, and that it fillip and cortftcfly leyraftents .
the true state of the several matters herein contained and set forth, to the
best of my knowledge andbelief.
Correct?Attests J. M. HOBTON. CftsMer.
;C. M. SMITH, Director.
R. A. FOUNTAIN, Director.
G. W. JEFFERSON, Director.
State of North Carolina, County of Pitt
Sworn to and subscribed before me this 9th day of January, 1940, and I
***-?* tjrrs ? -
(kfiALl - Us tEWxiBSUNj Xlwwy FOnaCe gr
My commission expires January 11,1941. *?.:
FOR RESULTS ADVERTbE IN THE ENTERPRISE
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