Newspapers / Shelby Daily Star (Shelby, … / Jan. 22, 1932, edition 1 / Page 10
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Kings Mountain Church Services Kings Mountain, Jan 21 -Regu lar preaching services a ill lie held at the First Presbyterian church in Kings Mountain next Sunday by the pastor Rev Richard C. Wil son, Jr. Sunday, school at D:4> a m. Chas F. Thomasson. aupt. Morning service 11 a, m. Subject "The Universality of Jesus." Evening service 7 30 Subject "Our Church Face? Foreign Mis sions” This coming week will be observ ed by our church as n week of "Self Denial and Prayer Europeans expect to fly from Ber lin to New York In six hours That's enough time for the traveler to get the charm of Berlin off his mind, but hardly enough to get it off his breath. Penny Column FORSALE: 60 T-2 ACRES ONE mile Fa Us ton on Lincoln highway. Ava Wrtglvt* farm, 30 acres In cul tivation, 3 acres good bottom land meadow, plenty timber, fine grade land suitable for grain, cotton and trucking. Price *39.00 per acre J. B. Nolan Co., Shelby, phone 70 2t 22c ~ SP8CIAL: PLATE LUNCHEON. 55c. Giggs Soda Shop. 3t F 22c PRIMROSES AT'50c AT WAKE fleld’s. Phone 720. 2t 22c FOR SALE: HATCHING EGGS Heavy Leghorn. Blue Ribbon win ners. Heavy layers. Prices right. H S. Beattie, Old Fallston road, East Shelby, R-I, Shelby. at 22p PARTY LEAVING FOR™ WASH tngton, V. C., Sunday morning dr sires companion to share expenses See Alf Woolf, Cinderella Slipper Shoppe. It 22c "for Sent? five room house, olose in. See Mrs R f Campbell. it 22c FOR SALE: 100 ACRES MORE or less, and known as tho A. F. Wil liams larm near FaMston on Fall ston-Doublc Shoal road, good houses, barns, pasture, orchard, long road frontage. Land practically level and productive. Ideal location as to schools, churches, roads, mar kets, neighbors, etc. 3. B. Nolan Co., Shelby, phone 70. 3t 22c ~ Sanitary Market Saturday Specials 26,-oz. jar Sour Pickles 15c 7 Small Cans Libby’s Milk 25c 8-lb. bucket Lard_(55c 10 lb. Sugar 50c Country Dried Apples, 2 lb.___15c No. 2 Sliced Pineapple, can 17c 9 Cakes Octagon S6ap __ 24c 1 No. 1 cans Limn Beans 25c MARKET SPECIALS: Mixed Sausage, lb.___ 10c Country Pork Sausage, lb. 20c Thick Fat Back. 4 lbs. . . 30c Pork Ham Roast, center cuts, lb._.... 19c Fresh Pork Ribs, lb. 10c Fresh Pork Brains, lb._10c Sliced Breakfast Bacoh, Tb. 20c FRESH FISH; Speckled Trout, Flounders, Black Bass, King Mackerel FRESH N. J. OYSTERS: Oysters for Stewing, qt. 50c «• Sanitary Market - PHONE 48 Neat to Quinn’s Drug Store South Washington Street lt-22c fklSTHI BALE OF l.A.N’I*. tender authority conferred by deed o! trust eaecuted by c, J. Yelton and wife CeU» J. Teiton to Robert L Ryburn, trustee, dated the »th day of September IM». and reoorded in the registry oi Cleveland county. North Carolina . tn book 163. at page 60. default having been made of the payment of the in debtedness secured by the aforesaid deed of trust and the holder of same having requested said deed of trust be foreclos ed. the said trustee will offer for sate at th« eourt house door to Shelby. Cleveland county. North Carolina, at 12 o’clock M on Monday, February 23, 1833, at public auetlon to the htgheet bidder for cash the following described property That tract of land known as the B C Hicks home tract the metes and bounds according to a survey made bv D R. S Frasier, civil engineer, being as follows: Beginning at a pine stump, John Hoyle’s corner, and runs thence nortl: 41-30 east 065 feet to a stone. Hoyle': corner, thence with Hoyle's line noiti: 75-45 west 1040 feet to a stone pile Hoyle’s corner in Williamson s line, them-: with said hne south 41 west 764 feet U a stone, thence north 08 west 829 fee to a pine stump, thence north 73-20 wes 663 feet to a pine stump, thence nortl 70-30 west 1023 feet VO a stake. KUmyre corner, thence, north 67 west 290 feet t< Oraasy Branch, thence with the brand about south 49-30 west lbs feet to tn old ford, thence south 63-30 west 68 feet to a stake and pointers. Ammi Peeler's corner, thenoe with Ins line sout: *-30 east 314.5 feet to a stake and point ers, his corner, thence his line shut 64-30 east 476 feet to a stone in the ol road, thence with said old load sout 3-50 west 413 feet to a a.' * end paint ers, Feller's eun.ee, thence . is line sout 37-30 east 361 test to Hot'- branch, Pet •r's and Carter's corner, thence wu Carter's line south 1-0 east 3*3 feet to holly-bush and pointers, thenc:) nort 6-30 east 695 feet to a stake them aouth 73-30 can 1641 feet to a „>ake at' pointers, thence south 1-10 west 16.5 fei to a stake end -pointers, thence sout 79-30 east 404 feet to a Itor*. . them aouth 16 east 20.3 feet to a stone pi’ thence south 77-30 erst 911 feet to atake. thence ecutn 6-20-west 638 feet a stake, thenee south 27-10 east 42* f to a stake to John Hoyle's line, the" with his line north >4 20 east 803 feet, a stake and pointers, Foster Ctrlgg s co ner. thence his Hne.^jortli 4-to west V feet to a Make, therm? north 21-30 we **5 feet to the beginning, contfin'n* l2u •ores more or less. This land I- told subject to all pr: Bans against u. Tilts the ’.list day of January 1033. ROBERT L. RYBURN Trustee » Z Newton Atty 4’ fen J row^r Commission Says Rates Could And Should Be Slashed; Properties Appraised Too High Show How Much I ill la ted the I’rop rrl\ Values Arc of Power ( os. Operating in Caiolinas Columbia, 8. C -Thu South Car olina power rate Investigating coin- i mlttee contended today the five large electrical utility companies operating in the state had apprais ed their physical properties at more than twice a fair basis" and had based their rates on ‘.he high ha,vis The committee, which submitted Its report to the legislature lust night recommended the appraisal of the physical properties be fut in half and electrical rates it the state be redueed As submitted by tin-, live compan ies, which generate 95.fi per cent ot the current produced m South Car olina, their physical properties tn the state were appraised fjt SI44, 561 940 The rate investigating body low ered this figure to 566,888,097, a slash of $77,773,843. Rates are based on these estimated reproduction costs. The reproduction costs as sub mitted by the companies and as al lowed by the committee follow Duke Power company—*75.461,231 -$31,500,604. Broad River Power company—$26. 770,214—$12,847,671 South Carolina Power Co $14, 754,943—$9,506,869 Southern Public Utilities Co— $12.197,028—*7,702,353. Carolina P. and L. Co *1,5.469.534 -*5,280.800 The committee said that audits prepared by its accountants disclos ed large “write ups" or "watered stock" in the capital ‘tructure of the companies. It contended divi dends were being paid on this stock. Definite Conclusions. After examination and appraisal of the physical properties and an audit of the books of the corpora tions, the committee submitted these •definite conclusions." That each company has issued “securities in excess of the actual values represented in their proper ties;" that earnings “have produced a return sufficient to pay all oper ating expenses, bond interest, and dividends on preferred stock and still allow for dividends on stocks Issued on inflated values" That the Carolina Power and Light and the South Carolina Pow er "as one result of Inadequate de preciation charged” their "operat ing expenses have been understat ed, which results in a contra-over statement of earnings available for dividends.’ That the Duke Power has pro vided excessive depreciation, there by making their earnings appear less than they actually were This has resulted in the creation of larg? reserves against which additional stock has been issued to itself and on which subsequent earnings have been sufficient to pay extra divi de ns.” Id. P. I!. Values Inflated. That the Southern Public Utili ties "earned sufficient prior to 1930 to pay cash dividends on stock Is sued to the Duke Power company for properties transferred by that company to it at inflated values and to accumulate a surplus large enough to Issue to its parent com pany 11 lie Duke Power company), a stock dividend of 75 per cent, or $6,000,000 In stock on which It had paid subsequent cash dividends ' The commute said the General Gas and Electric company has ‘great iy Inflated the securities of the Broad River Power company” and that "in-addition to the common stock dividends earned by the live companies," the Broad River, Caro lina Power and Light, and South Carolina Power "pay to their parent companies management and other fee,'-." Other Kerommendallvns. Other recommendations of the committee included: That 8 per cent be allowed as a net annual return on the fair val ues of the properties of the com panies, That tlie income lax law be amended so as to tax energy only at points df sale, exempting export ed power line losses, and power used in operation of *he companies That a limit be placed on the taxing powers of cities and towns, and that no additional special taxes Ire placed on utility companies That energy be metered at state lines. That a bureau of rural electrifica tion be set up under the railroad commission. That the electric utility compan ies be required to keep separate ledger accounts of their appliance and device merchandising A theatrical company was ar rested In California for staging an ancient Green drama. The ancient Greeks were too modern for ns. Heiress Eloper to Try Stage | Estranged from her family when she married Bevis Pickerell, a truck i driver, Mrs. Beatrice Barclay Pickerell, daughter of a wealthy former I vice-president of the Western Union Telegraph Company, with a : mansion at Montclair, N. J., is unruffled by the blows dealt to her I romance by fate. Her husband out of work, dispossessed from their home, a storage company threatening to sell their household belong I ings and the wolf barking at the door, the young bride still remains happy and refuses tb ask her family for help. Mrs. Pickerell who attended exclusive dancing schools for five years, is now making an attempt to capitalize on what she learned there. She is shown rebearsinsr for a theatrical'debut at New York with Robert Coffey. | Dr. Wall’s Subjects For Sunday Service ! Div Zeno Wall, pastor of the i First Baptist church will have for j his subject at, the Sunday morn* jlng service 'Looking Ahead" and I on annany evening at 7:15 oclock, "Children of God." Special music will be provided at each service. Members of the Alimony club jailed at White Plains N. Y., have radios in their cells. Which, with all the crooners on the air. is al most reverting to capital punish ment. POULTRY CAR IN SHELBY, AT SEABOARD STATION. Wednesday, Jan. 27 THE FOLLOWING PRICES WILL BE PAID: HEAVY HENS ... 15 Cent. LEGHORN HENS ... 11 Cents STAGS .. 7 Cents OLD TOMS. 15 Cents YOUNG TOMS. 20 Cents YOUNG TURKEY HENS 22 Cents NO PRICE QUOTED ON FRIERS. CLEVELAND FARMERS MUTUAL EXCHANGE, INC. SALE Only A Few More Left At These Outstanding Low Prices $165.00 Electric Sets for as Low as $59.50 One $205.00 Majestic—Only $69.50 Several Used Crosley, Atwater Kent and R. C. A. Electric Sets for as Low as . . "$21.00 For Real RADIO VALUES—See Them at Pendleton's Music Store Phone 272 Phone 272 Service With Every Set We Sell Mr. R. T. LeGrand Opposes Sale Of Light Plant To Utility Company 'CONTINUED FROM PAOE ONE around $20,000 to the city fcr lighting the streets is based on es timates only and in addition to thir. would be the cost of lighting our public buildings which consist of ten school buildings, the city hall water station pumps, etc. Let u* also be doubly sure a majority of the citizens in places where the plants have been sold, are entirely satisfied, as some of the informa tion I have from other S P. U. cities is that the citizens are not satis-! fied. As for the amount of taxes we i would receive on the plant if it wer*’ j cold, the taxable value would not > be based on the sale price or earn ing value, but on its appraised phy sical value which I do not believe would exceed $200,000. This at our present tax rate of $1.15 per $10oj ! valuation, would produce only $2.- 1 300 in revenue. If sold, the prospect of lower ! light charges might appeal to many, but let us consider that with the same vote that would be required to sell the plant, the citizens can, if they wish, selfect a board of aider men to reduce rates charged for light and power consumption to any figure they may wish, even going so far as to make no charges at all. I realize this would not be prac tical, but if tried, could later hi changed by vote, as we would still own the plant. If sold, however, the citizens would have no further vote Ion the matter of rates to be charg jed. We Meet Obligations ! As for getting out of debt and having lower taxes, that I think is the wish and goal of every thinking person, but I am unwilling to sell such a good investment that is pay ing from profits enough to pay in terest on our bonds and a part cl More News —along with our WHITE GOODS EVENT We Introduce ADVANCE SPRIJVG DRESSES $4*98 Mid $7.90 • Newest Fashions of 1932 . . . gay. bright colors as well as dark. • Plenty of sep arate dresses with jackets! STYLES pwt SIZES for MISSES and WOMBN t I * I First Showing Of Hew Spring Coats .On Our Second Floori i in >tvle - • exquisite material* Weeks ahead in *ty» ' . flItterlng models Moulded into youthful ... in gay and conserveitiv ^ deUghtful to select fronv fact an niiorunei'. brag about 11 “ SrJySfffJS — - vout _ spring coat. $6.90 to $14-75 j. C. Penney Co. i~. retiring these bonds. We are not paupers. None of our creditors are pashing us on our obligations. Even if we sold, many of our bonds could not be retired before due, and we would be in the dangerous position of having money on hand that might be diverted or lost by some short-sighted city administration in the future. 22c Levy For Street Lights Speaking of a tax reduction, don't overlook the fact that it would re quire a levy of 22c on the $100 property valuation to raise $20,000 annually to pay for our street lighting to the S P. U. Co. and no one knows how much more. In conclusion, I assure you I have no selfish motive in making the above remarks. I have every rea son for wishing to lower taxes, but st the same time I have at heart the best Interest* of every citizei and taxpayer in the communi'’. when I oppose tnls sale. Woman’s Building Nearly Completed Kings Mountain, Jan 21.—The new woman's club building on Mountain street which has been under construction for the past two months has been completed and b now ready for occupancy. Tlie la dies of the woman's clrb plan to serve dinner in the new buildin Friday of this week. The building is new and moden in every respect, and was built especially for the requirements 01 the womans club. It is a brick ve neer structure and is -quipped wit:, every convenience. Come To Cohen's Big If you have not already attended our DOLLAR DAYS, make it your business to be here. Big Savings in every department. Extra Heavy 36-inch LL SHEETING 20 Yards $1 Romper and Shirt CLOTH 1ft Yards $1 36 - INCH O U TING 12 Yards $1 — EXTRA SPECIAL — MEN’S OVERALLS 2 Pairs $1 — EXTRA SPECIAL — SATURDAY 10 A. M. MEN’S LEATHER WORK SHOES $1 — EXTRA SPECIAL — 54-Inch JERSEY CLOTH 7 Yards $1 36-IN. 80 SQUARE PRINTS _ Fast Colors 7 Yards — EXTRA SPECIAL — BEAUTIFUL PRINTED CREPES 3 Yards $1 BEAUTIFUL SILK CREPES 2 Yards $1 Men’s Broadcloth SHIRTS 2 For $1 EXTRA SPECIAL! ALL DAY SATURDAY 36-INCH DRESS PRINTS Yard MEN’S FUR FELT HATS Each $1 — EXTRA SPECIAL — BOYS’ OVERALLS 3 Pairs $1 LADIES’ FULL FASHIONED HOSE 3 Pairs $1 — EXTRA SPECIAL — LADIES’ OXFORDS, STRAPS and DRESS SHOES $1 — EXTRA SPECIAL — MEN’S WORK SHIRTS 3 For $1 Men’s and Boys’ LONG PANTS PAIR $1 Ladies’ Silk DRESSES EACH $1 Men’s and Bovs' SWEATERS 2 For $1 81 x 90 BED SHEETS Seamless 2 For $1 PILLOW CASES 10 For $1 Cohen Bros. PRICE, LEADERS ON QUALITY MERCHANDISE SHELBY, N. C.
Shelby Daily Star (Shelby, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 22, 1932, edition 1
10
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