Washington, March 23, 1938. —
Four subjects of major interest
dominate all Washington think
ing and conversation these days
They are the TV A controversy,
the Tax bill, the Governmental
Reorganization bill and politics,
with special reference to the Con
gressional elections next fall.
The Tennessee Valley flood con
trol and power project has been s
violently controversial subject
from its inception. It broke into
the white light of publicity when
Chairman Arthur Morgan of the
TV A wrote a letter to Congress
man Maury Maverick of Texas
charging his two associates, David
Lilienthal and Harcourt Morgan,
with a great variety of improper
conduct, including attempts to
make the TV A into something not
contemplated by the law, and
with defying Dr. Arthur Morgan's
authority as chairman.
TV A Quix Looms
This gave the opponents of the
whole TV A scheme the opening
they had been looking for and
they did not miss the opportunity.
It is as certain as anything in the
and DC
rJth
SCHICK
Electric Razors
Turner Drug: Co.
Elkin, N. C.
Elk Theatre
West Main Street Elkin, N. C.
* Thursday, March 24
"Missing Witness"
With John Litel—Jean Dale
Special: Floyd Gibbons in "Attic of Terror"
Admission 10c-25c
Friday-Saturday, Matinee and Night—
Bob Steele
"Colorado Kid"
Last Chapter "Mysterious Pilot"—Comedy
Cartoon Admission 10c-25c
1 I
Next Week, Monday-Tuesday—
A HITI A wowl A LAUGH R| ° T|
The most hilarious romtfnce —
giving you the inside story on
WL the movie-studios—and the love
treet >ai |' cer
B WALTER WANGER presents
■p | j | j iij I
A Musical "Sweet Shoe" Adm. 10c-25c
Wednesday—Matinee and Night—
' Quick Money'
With Fred Stone Dorothy Moore
"Fighting Marines" Serial Adm. 10c to All
Coming: A Musical "GAIETY GIRLS"
■KTj 1 9",' ,'r '■ ' '* • '.i. * t? ,* " . : M N' " * iff" 1 ■
. 1 1 11 1 * 11
future can be that there will be
rigid and far-reaching investiga
tions of everything which has
been done by the Authority, in
cluding a public examination of
the charge, made in the annual
report of the acting Controller-
General, that some ten million
dollars had been spent without
proper legal authorization.
Opponents of the TV A scheme
of putting the government into
the electric power business are
predicting that a scandal of ma
jor proportions will be disclosed if
the Investigators dig deeply
enough.
m any event, the situation is
loaded with dynamite and holds
the possibility of widening the
split between New Deal and Con
servative wings of the Democratic
party, a split which has been
getting wider ever since the break
in party solidarity over the Pres
ident's Supreme Court reorgani
zation plan.
Congress Takes Reins
That Congress is now doing its
own legislation without taking or
ders from the Executive branch
became evident to everybody in
the debate in the House on the
new Tax bill. The bill, as reported
by the Ways and Means Commit
tee, was distinctly an Administra
tion measure, especially the "third
basket" section which puts an ad
ditional heavy tax penalty on
family controlled or closely held
corporations. The defeat of this
part of the bill b> the House
brought sharply to the fore the
fact that Congress seems more
sympathetic to the appeals of
business for relief from stiffling
taxation than are some of the
President's advisors.
Shrewd observers are predicting
that when the Tax bill reaches
the Senate it will come in for fur
ther manhandling. The Senate
can do nothing about any tax
measure until the House is
through with it. The Senate Fi
nance Committee has to study
and report on the bill in the form
in which it finally passed the
House.
Senate Committee Hostile
The present Chairman of the
Senate Finance Committee is the
Hon. Pat Harrison of Mississippi
who is still smarting over the
President's action which deprived
him last summer of the position
of majority leader in the Senate.
THE ELKIN TRIBUNE, ELKIN, NORTH CAROLINA
Mr. Harrison has always felt that
he would have been the choice of
his party caucus, after the death
of Senator Joe Robinson, if the
President had not written his fa
mous "Dear Alben" letter to Sen
ator Barkley of Kentucky express
ing his hope that Mr. Barkley
would step into the dead leader's
shoes.
Even this manifestation of
Presidential influence succeeded
in defeating Senator Harrison by
only one vote and he, together
with many of his friends, have
looked with increasing bitterness
upon Administration activities.
Therefore, now the Tax bill
finds itself in the hands of a Sen
ate committee whose chairman
and majority of members are op
posed to almost anything the
President wants and most of
whom have expressed sympathy
from time to time with the plea
of business and industry for relief
irom oppressive taxation.
Senate Favors Tax Relief
Most hated of all New Deal Tax
measures has been the undistrib
uted profits and capital gains
clauses in the current revenue
structure and both of these tax
provisions have been retained in
the new farm bill, though in a
modified form. Observers who
claim to be able to read the Sen'
atorial mind are predicting that
the Senate Finance Committee
will recommend the complete re
peal of the undistributed profits
tax and further reduction of the
capital gains tax, and that the
Senate will do what its Committee
recommends.
The ultimate outlook for the
President's reorganization Dlan ia
still obscured by fog as to details
but it is believed here that certain
groupings of executive functions,
generally conceded to be necessary
in the interests of economy, will
be authorized but that the broad
powers sought by the President
will not be granted and that the
proposal to change the civil ser
vice system and to do away with
the present functions of the Con
troller-General in passing upon
the legality of Federal expendi
tures before they are spent will
not be approved.
Forecast GOP Gains
Political prophets are beginning
to be more specific in their pre
dictions. It is conceded privately,
even by the most ardent Demo
crats, that the Republicans will
gain between 40 and 60 additional
seats at this year's elections, giv
ing them around 140 members of
the Lower House instead of their
present 00. That would still leave
the Democrats with a two-to-one
majority.
Professed readers of the Presi
dential mind, of whom there are
many who seldom read it correct
ly, represent Mr. Roosevelt as be
ing reconciled to letting political
events take their natural course
as well as keeping hands off Con
gress.
BURCH
Rev. A. B. Hayes of Mountain
View, assisted by Rev. C. M. Cau
dle, moderator of the Stone
Mountain association, conducted
services at Little Richmond Bap
tist church Saturday evening and
Sunday. Special music was ren
dered at the Saturday service by
the Yadkin Valley quartette.
Mr. and Mrs. Felix Layne and
children of North Elkin visited
Mr. and Mrs. J. S. Layne, the for
mer their son, over the week-end.
Mr. and Mrs. Rural Sneed and
family of Winston-Salem were
the dinner guests Sunday of Mr.
and Mrs. W. J. Chappell, the lat
ter their daughter.
Mr. and Mrs. Preston Martin
announce the birth of a son, John
David, March 19, 1938.
Mr. and Mrs. Troy Medley of
Harmony were guests recently of
Mr. and Mrs. Howard Chappell.
Mr. and Mrs. Robert Martin
spent the week-end in Arlington
the guests of Mr. and Mrs. Roy
Hampton.
Mr. and Mrs. J. S. Greenwood
and daughters. Misses Betty Mae
and Jennie, spent the week-end
in North Wilkesboro, the guests
of Mr. and Mrs. Noah Greenwood.
The many friends of Mrs. N. E
Wilmoth will be glad to know that
she returned to her home here
Sunday from Hugh Chatham Me
morial Hospital, where she recent
ly underwent an operation.
Rev. A. B. Hayes and Rev. C.
M. Caudle of Mountain View were
the overnight guests Saturday of
Mr. and Mrs. John Corder.
Mr. and Mrs. W. H. Sneed.
Misses Florence Carter and Nina
Wagoner and Theodore Chappell
attended the singing Sunday at
South Oak Ridge.
Rev. E. G. Jordon will fill his
regular appointment Saturday
evening and Sunday at Bessies
Chapel. The public is invited to
attend.
Mr. and Mrs. J. T. Ring have
returned from their weddtng trip
and are now at home to their
friends at their home on the Elk
in-Burch road.
Mrs. D. D. Shore of Harmony
was the guest of Mr. and Mrs.
Preston Martin Saturday and
Sunday. She was accompanied
home by June Martin, who will
spend thfc week with her.
Mrs. S. Ft. Settle of Ronda, with
her quartette of singers, rendered
special music Sunday to the larg
est congregation to assemble at
Little Richmond Baptist church
for several months. Several visit
ors* from other churches were
present.
Miss Cora Coe of Rockford was
hostess at a party Saturday even
ing to honor Mr. and Mrs. J. T.
Ring. A delicious four-course sup
per was served. Those present
were: Mr. and Mrs. Ring, Mr. and
Mrs. J. L. Stanley, Mr. and Mrs.
E. C. Coe, Mr. and Mrs. Warren
Coe, Mr. W. C. Mann, Mrs. Betty
Mann, A. T. and P. W. Coe.
Rev. Walter Calloway will
preach at Fairview Saturday and
Sunday. The public Is Invited to
attend.
Steady
Exasperated Co-ed: "But, your
honor, I couldn't have been going
60 miles an hour. I wasn't going
50, nor 40, nor 30, nor even 20!"
Judge: "Here, here; steady
now, or you'll be backing into
something."
Ancestors
She: "Sometimes you seem so
manly and other times absurdly
effeminate. Why is it?"
He: "Heredity. You see, half of
my ancestors were men and the
other half were women."
NOTICE OF SALE
State of North Carolina,
County of Surry.
The Federal Land Bank of Colum
bia, Plaintiff,
Vs.
Lillie Allred Sisk and husband, C.
B. Sisk and others, defendants.
Notice of Foreclosure Sale of Land
Pursuant to a judgment entered
in above entitled civil action on
the 17th day of January, 1938,
and an order of resale, dated
March 7, 1938, in the Superior
Court of said County by the Clerk,
I will on the 11th day of April,
1938, at 12 o'clock M., at the
County Courthouse Door in said
county sell at public auction to
the highest bidder therefor the
following described lands, com
REPORT OF CONDITION OF
THE BANK OF ELKIN
of Elkln, in the state of North Carolina,
at the close of business on March 7, 1938
ASSETS
Cash, balances with other banks, and cash items in
process of collection ... $271,070.95
United States Government obligations, direct and
fully guaranteed 21,766.73
State, county, and municipal obligations 94,871.95
Loans and discounts I 240,132.92
Banking house owned, furniture and fixtures 22,502.78
Other real estate owned 6,500.00
Other assets 733.43
TOTAL ASSETS $657,578.76
LIABILITIES AND CAPITAL
•
Deposits of individuals, partnerships, and corporations:
(a) Demand deposits : $305,071.43
(b) Time deposits evidenced by savings pass books. .. 111,910.44
(c) Other time deposits 40,834.24
United States Government and postal savings deposits.... 11,900.00
State, county, and mdnicipal deposits 41,463.53
Deposits of other banks 1 17,940.65
Certified and officers' checks, letters of credit and trav
elers' checks sold for cash, and amounts due to Fed
eral Reserve bank (transit account) 6,946.83
Other liabilities 16,288.32
TOTAL LIABILITIES EXCLUDING
CAPITAL ACCOUNT $552,355.44
Capital account:
(a) Capital stock and capital notes
and debentures 1 $50,000.00
(b) Surplus ; 25,000.00
(c) Undivided profits 7.667.14
(d) Reserves 22,556.18
(e) Total capital account 105,223.32
TOTAL LIABILITIES AND CAPITAL $657,578.76
On date of report the required legal reserve against deposits of this
bank was $63,945.60. Assets reported above which were eligible as
legal reserve amounted to $271,070.95.
This bank's capital is represented by 250 shares of first preferred
stock, par value SIOO.OO per share retirable at SIOO.OO per share;
and 250 shares of common stock, par SIOO.OO per share.
MEMORANDA
Pledged assets (except real estate), rediscounts,
and securities loaned: \
(a) U. S. Government obligations, direct and fully
guaranteed, pledged to secure deposits and
other liabilities $ 9,005.80
(b) Other assets (except real estate) pledged to se
cure deposits and other liabilities, (Including
notes and bills rediscounted and securities sold
under repurchase agreement) $60,203.21
(e) TOTAL $ 69,209.01
l
Secured and preferred liabilities:
(a) Deposits secured by pledged assets pursuant
to requirement of law ....$ 69,209.01.
(e) TOTAL $ 69,209.01
I, Garland Johnson, Vice-President, of the above-named bank, do
solemnly swear that the above statement is true, and that it fully and
correctly represents the true state of the several matters herein con
tained and set forth, to the best of my knowledge and belief.
GARLAND JOHNSON, Vice-President.
Correct. —Attest: \
J. R .POINDEXTER,
R. C. FREEMAN,
B. F. FOLGER, JR., Directors.
State of North Carolina, County of Surry.
Sworn to and subscribed before me this 19th day of March, 1938,
and I hereby certify that I am not an officer or director of this bank.
FRANK. SALE, Notary Public.
My commission expiree November 18, 1939.
prising 245 acres, more or less, and
bounded and described as follows:
All that certain lot, tract or
parcel of land containing 245
acres, more or less, located, lying
and being in Bryan Township.
County of Surry, state of North
Carolina, being bounded on the
North by the lands of I. O. Wal
lace and W. J. Nixon; on the
East by the lands of J. C. Kapp;
on the South by the lands of John
Wllmoth, John Blackburn and E.
L. Wolfe; and on the West by the
lands of J. F. Nixon, and I. C.
Wallace and having such shape
metes, courses and' distances as
will more fully appear by refer
ence to a plat thereof made by E.
L. Wolfe. Surveyor, June 3. 1923,
which plat is on file with The
Federal Land Bank of Columbia.
The term's of sale shall be Cash.
All bids will be received sub
ject to rejection or confirmation
by the Clerk of said Superior
Court and no bid will be accepted
or reported unless its maker shall
deposit with said Clerk at the
close of the bidding the sum of
Two Hundred ($200.00) Dollars,
as a forfeit and guaranty of com
pliance with his bid, the same to
be credited on his bid when ac
cepted.
Notice is now given that said
lands will be resold at the same
place and upon the same terms at
2 o'clock P. M. of the same day
unless said deposit is sooner
made.
Every deposit not forfeited or
When Woman 1
Need Cardui
Xt you seem to have lost some of
your strength you had for your
favorite activities, or for your house
work . . . and care less about your
meals . . . and suffer severe dis
comfort at certain times, ... try
Cardui!
Thousands and thousands of
women say it has helped them.
By increasing the appetite, im
proving digestion, Cardui helps you
to get more nourishment. As strength
returns, unnecessary functional
aches, pains and nervousness just
seem to go away.
accepted will be promptly return
ed to the maker.
This sale Is made subject to an
easement or right-of-way held by
Hie Duke Power Company over
MAR NOTICE;
On April Ist we will have 2 fresh carloads
of mules and mares for sale or exchange
weighing from 1,000 to 1,500 pounds, and
ranging in age from 3to 8 years. Come
early and get your choice. Some extra nice
mares broke and ready to work.
W. M. Dickerson
HORSE AND MULE COMPANY
Elkin, N. C.
Attention!!!
TOBACCO GROWERS,
TRUCK GARDENERS!
Again We Present the Greatest of All Planters
MASTERS' NEW IMPROVED
n 1938 PLANT SETTER
mj There is excellent reason for Masters' leadership in the plant
■/ setter industry, for it was Masters who built the first practical
Ml automatic plant setter over forty years ago. Since then it has
Bf been continually improved. Our 1938 model is the last uprd—it
■KV has no competition. Others have tried to imitate, but never have
been able to equal Masters' efficiency and durability. It is so
simple and easy to use a Masters'. A Masters' Plant Setter is
■ff|| assurance of maximum stand and prolific yield.
■MB Tobacco buyers say they can tell when a crop has been planted
with a Masters' by its uniform high quality. They gladly pay
highest prices for this finer yield. One man can set 8,000 to
15,000 plants a day, and do it without evrn a crick in his back.
J Once you use the Masters' you will never be satisfied with any
Plant* other method of plant setting. Masters' Improved Plant Setter
Covers and " B uatanteet ' to B' ve perfect satisfaction in setting
waters Tobacco, Tomatoes, Cabbage,
Operation Sweet Potatoes and other plants
Nearly all first-class Hardware and Implement dealers handle,
recommend and sell Masters' Improved Plant Setters. Ask your
local merchant to show you this newest and best device of its
rgN kind. Examine it —see the fine workmanship, the smoothness
and ease of operation. If your dealer doesn't have
it in stock, write for full information direct. Don't
wait until planting time, or you may be disap
\ T; pointed. Last season tie demand exceeded the supply
'« ' V b thousands. Make sure of getting your Masters'
*+ " Plant Setters by ordering NOW.
MASTERS PLANTER CO.
jH * Makers mt Fin* Implmmmnta
NO raisoMl swtwws 4914 Wast Grand A vs. Chlcaco. U.S.A.
MvsiwsnriNaMY
GARDEN HOSE
ALL
GRADES ■ || A
NOW AT BL I 1 I ■
"|P
Wg»
Hinshaw Cash Hardware Co.
Phone 143 Elkiii, N. C.
Thursday. March 24. 1«38
and across said lands for the erec
tion of a power line.
This the 7th day of March, 1938.
ROBT. A. FREEMAN,
3-31 Commissioner.