HOME LOANS RUN
TO FOUR MILUONS
(Continued from page one)
t by the corporation to take
PJ, thf mortgages on 50 homes,
nr this amount, *128,349.63 was to
ld in bond loans on 37 homes,
^ie.ttv' remainder was In cash
x. 13 homf e
oNfli! said that approximately
JLj ca<C5 were now In the hands
7 th(, corporation's lawyers In the
°' v,s counties of the state for
L, work before the bonds
n-i cash could be issued, and pro
dded the attorneys In the various
ne.s co-operated fully, most of
loans would be closed before
first of January and the mort
gages token over.
During the week, 286 applications
. loans totaling *749,400.28 were
Reived Thirty-two applications
£jr a value of *82,464.60 were re
nted before the preliminary ap
L„»l because they did not come
ilthin the law or for other reasons,
rtilr 120 applications with a value
of *384.0004 09 were rejected after
weiimtnnrv appraisal because of
^sufficient value for the type of
jojc desired Nine applications with
I value of $22,373.39 were rejected
Jf.fr'"the second appraisal, while
eight applications with a value, of
$13324 80 were withdrawn when
Cher means of financing were ar
3.000 Farmer#
Hear Cotton Plans
Continued irom page one.)
lo"tiie 13,000,000-bale crop we made
Kti to that add the 11.500,000 bale
tar,", -over, and we would have had
, 28.000.000 or 29,000,000-bale crop.
•Is there a man here who imagi
nes a 29,000,000-bale crop would
hive moved in a market at even
six cents a pound?
Johnston urged the farmers to
remain "uneffected” by prosperity
inti to continue their spirit of co
operation. He said that what has
been accomplished was by volun
tary methods and that there was
a cry now to make it compulsory.
Oppose Compulsion
He warned against compulsory
method.'-, adding that hundreds of
bills be Introduced before congress
next month, some of which would
leek to compel performances by act
of law,
“Such an act would mean the
destruction of the independence of
the American farmer,” Johnston
predicted. "It is up to you to indi
cate in the next 30 days your will
ingness to comply voluntarily.”
Johnston said that the carry
over crop from last year was 11,—
500.000 bales. He estimated the
consumption at 14,000,000 to 15,000.
000 bales, which would give the
world a carry-over crop of 10,000,
000 bales.
“If we raise from 8,000.000 to 10,
000.00 bales next year, the sOupply
Including the carry-over will be
about 20.000,000 bales.” he added.
*1! consumption reaches 15,000,000
bales next year, we shall have cut j
the surplus to 5,000,000 bales,”
He said the government's plan
sas to take about 15,000,000 acres
of cotton producing land out of the
Earket b> renting the land from
die owners.
ettis And Ellis
Win Contest Honors
8r>ecial To The Star
No 3 Dec. 12.—Howard Bettis
Vemla Ellis represented No. 3 High
school at Mars Hill college Dec. 8-9
ta the reader's and declaimer’s con
test Both of these representatives
id unusually well, Vernia Ellis the
reader, won honorable mention,
which honor placed here among the
tine best readers out of the forty
ho who represented the high
schools of North Carolina. This is
soother honor which has come to;
So. 3 of which all the boys and girls
sre very proud.
How to make us spend more?
kint the names of those who do.
fibres nothing Americans svon’t do
publicity.
Penny Column
Lost in business section j
~® morning brown leather key |
J~er containing several keys.j
notify Miss Mary Hanna,
**% Hospital. lt-13c
htSTU v SALE OF REAL ESTATE
.*rri by virtue ot the authority
that certain deed ol trust
.. i P O. Moore and wife, Corrle
‘ r o. Moore and wife, Corrle
M J®F® 'o the undersigned trustee, said
” being dated April 1th. 1831
.1 ’ “eing dated April 1th, 1831
» jh'ora/-r in the office of the reglstei
bet k Cleveland county, N. C. In
feu,' 1,1 page 42, securing an ln
'herein described and default
made 111 th* Payment of said
- - WAU OB
* 12 m?*7' January lStb, X9S4
•tha ^ r ”oon or within legal hours
« to^Krt^ou“ door to Shelby. N. C
ftle .St, “lghest bidder for caah at
ewv,taetl0° that certain lot of land
»s follows':
* ^ at an lron stake near forks
a iln® between the John
l j ' i:*nd. now Eton Cotton mil
ten m s lljle thence with salt
• *UIe tnence witn salt
«ac. 1 ‘ Hue east 315 feet to a stone
It90e ,h'r iln® N- 10'« W 105 feet t.
1 minutes 'S6*,,? “** Une s 60 degree;
14 ;n hr W ,315 fett to » atone In th(
k u £. ?.f lanct sold by J. L. Smitt
id, p l™011: thence with said lint
Hue _.1SS *®*t to an Iron stake, thf
tine an iron stake,
ft i *!l®r and being that same
.lehr
nv.yed to p o. Moore by E
wife and A. T. Bridges am
■ »o:
L-ai&nri
will be sold subject t<
**■* :>nd other prior Hem
.y.£~ '3th. 1933.
c p Mtjr.r Truatec.
41 Her | h
/
PWAs Tennessee Valley Project Under Way
With work ©n the Tennessee Valley project, keystone
of the Public Works program, being pushed forward,
workers believe in strengthening their bridges before
they cross them. Above, a bridge of ancient vintage,
near Knoxville, Tenn., is undergoing rigid recon
struction to enable it to safely bear the heavy trucks
going to and from Wheeler Dam site. At left, dredg
mg barges are shown at work on the site of the coffer
dam that will be more than a mile long and will form
a lake of more than 100 square miles.
Life’s biggest and brightest moment is enjoyed by this
little girl at right as she gives Santa Claus explicit
directions as ta the gifts she would like for Christmas.
This scene in a K.W York do: art meat store is being
duplicated throughout the nation aa children reaf
.that tl
_ a pre
“Toyland” section of tne store.
firm their belief
kiddies are having
thera is a Santa. At laft happy
re-taste of joys to come in tne
Buying Power of Cotton and Cotton Seed
Commodity Group Cost in T*rms of Cotton
(Fries of 900 hounds of Cotton feed
t
'T'UE articles that cost a farmer
* slightly over one and one-half
bales of cotton in the period from
1910 to 1914, cost him three bales in
1930. Tbo large crop of 1931 caused
cotton prices to fall still lower, and I
ia that year the farmer had to pay |
five bales ot cotton (or the same Mat
of articles. Large surpluses increase
the ’•disparity” between cotton
prices and the prices of things the
farmer buys. The way to restore the
buying power of cotton is to elimi
nate the surplus. The Agricultural
i
Train Wrecked by Landslide
This tangle of smashed freight cars and overturned passenger coaches
resulted when h Richmond, Fredricksburg. Potomac passenger train
plowed into a derailed freight engine near Quantico. \ a. 'A landsliot
cause. “*•* - nt in which two trainmen lost thei- lrvs Mwamlonalf
xvot# iniuivd.
Adjustment Administration's pro
gram of production control provides
a means to do this. Growers who co
operate with the Government will be
helping to bring about the adjust
menta necessary to bring back the
buying power of their crop.
Sponsor Sale For
B. S. College Paper
The staff of The Kalarathea, stu
dent newspaper, will sponsor on Fri
day afternoon, Dec. 15, the second
of a series of sales which they are
conducting In the Interest of the
paper. Hie sale will take place In
the girls’ dormitory and the hours
will be 1 to 6 o'clock. A line of ar
ticles suitable for Christmas gifts
and other novelties will be offered
for sale. Of special interest will be
several pieces of mountain home
spun art
Dr. Black Dies
In Greenville, S. C.
Dr. Cliff Black, a native of this
county, died at his home tb Green
ville, & C., last night after an Ill
ness of more than a year. Dr.
Black was 73 years of age. He Is
survived by his wife and three sons
of Greenville, by two sisters, Mra
J. A. Hatrill of near Shelby, and
Mrs. W. C. Laymon of Chattanooga,
Tenn.. and one brother, Tom Black,
of near Kings Mountain.
Dr. Hugh Black, another brother
of the deceased, died less than
two montht, ago at his home In
Rpur+enbunr. 8 C
Second Hand Auto Code Is Now In
Effect When You Go For Trade-In
>h op ping Around WUI Be Stopped.
Pooler* Deduct From 5 To 1ft
Foment For Reconditioning.
Shelby auto dealers have receiv
ed their "Official Guides” on see
ond-hand ear allowance, paying 1
♦35 for a little book which will!
slip la a man’s coat pocket. When
you approach a dealer to get an al
Iowa nee on your trade-in, give the
dealer a few minutes to take a look
| at his book alone. It Is not for th<
car owner »to aee. Speaking of the
second-hand code. Time Hewe
magazine says:
"Up to last week when John Cti
izen decided to buy a new car, he'
would ask his dealer what allow
ance he would get on his old one ]
Armed with an offer, he would shop!
around among other dealers In the j
am* price range until he got n I
higher bid. Bark he would march!
to the first dealer, who, hating to
lose a new-car sale, would be like
ly to boost his first offer. If John
Citizen were shrewd, he could play
one dealer off against a not her un
til he got an allowance for higher
than his old car would ever bring
In the second-hand market.
"To each ami every automobile
dealer in the U. 8. last week went
a tat little pocket manual to put a
stop to this ootnpetllve method of
price culling. A« an appendage of
the automobile dealers' axle under
NRA. the manual. listed the maxi
mum t rurie-itVi allowance on every
make and'.model of car. No dealer
could of (it h customer more with
out \lolttt*«(!i the code, risking pun
ishment. -The price# listed were
cc uptjed from nation-wide second
hand sales by the National Auto
mobile Dealer# association, which
Issue# its Official Used Car Guide
. prices each month.
"The U. 8. is divided into 30
trade areas, and each has its own
Official Oulde. Used-car prices vary
widely because of local preferences
for makes and types. Transporta
tion costs, added to the f.o.b. price,
also Influence the second-hand
market. Thus the listed prices are
actual market values in each area.
In compiling the Official Oulde
each month the lowest 30 percent
of reported soles are eliminated to
keep the averages from being
weighed down by forced or Junk
sales.
"But no dealer may allow a cus
tomer the full price listed In the
guide He mua&deduct a charge for
handling and reconditioning, rang
ing from 5 per cent to 15 percent
depending mam the age of ttic car.
The official guide price of a Ford)
cabriolet. 1930 model, In the New
York area la *310. The mandatory
deduction fixes the maxi
mum allowance to a customer at
1138.50. Otlrer Guide prices In dis
trict No. 3 (five passenger sedaps.
1930 models': Buick 30-57, *425:
Chevrolet, *193; Chrysler 70. $300;
Franklin, *700; Hudson Greater 8,
*385; La Salle *575; Nash 480. *375;
Packard 7-38. *800; Btudrbaker 8
FC *385
“When a dealer subscribes to the
Official Guide he promises not to
divulge Its listed prices for publl-'
eatlon. The N A. D. A. wants to
give Its members a chance to work
off their trade-ins at a price high
er than the average listed. But last
week almost any dealer would tell
a customer the listed price on n
certain model on request. In the
long run used car prices were ex
pected to stabilise close to what
consumers are sure to learn Is Uie
average In their trade areas.
"The consumer may not got no
large an allowance under the code
but he will at least get the benefit
of provision* »g(Un*t rtUa
reprnaontatlona. The unhappy buy
er of n "doped" car can go straight
to tho district code administrator
with Ills tnle of a tamperrd speed
ometer, sawdust In Uie gears,
ground cork In the differential."
SOTU't. ur «AU
I'nilir and hr virtu# of th# POW#r ot
tul* mmniiwil in a d»».i ot truat given
by rtpanoa Curry and wit#. MoUl# Curry,
in th* und#t.Ufn«fl a# iru#t»# for tho
Hunk of Uruv«# on th# ■'Hk ilay of
Marrli 1P3S. r#g|*trr#d In thr rtflafrr of
drd* otflr# for Cfevaland rountj* In book
1PJ at on** JJf, to arcnrr Hi# md*h!#d
ii#a# tharrln ni#httOn#d an* d«fault har
ing hrrti mada In Ik* Pttym»«t Of th#
«am# and at th# raq\i#»t of th* hold##
of th# not# «#our#d th*rby. I will a»ll
for ea*h at th# *ourt houa# door In Bh#l
by. ci#v#iaim I'ounty. North Carolina, on
Mangar, January IS, 1*14
at 10 o'rlock a m . or within l#*at,jltdur«
th# following d««Mlh#d r«al #«tat#:
t.vlng on tha ww»t rliMi of tha old
York mad. adjoining the land# of J O
Whit# and nthart; btginnlna on S atako
on th# #ng# of tha York road. ». 1.
Wood * old <Hir«i#r; thane# south II 1#',*
t>ol«* to a a take fh th# road; th*nca
north S'i ooia# to a stak#, (Kt#rs- eor
n#r; thanca with *tt#r»' lln# ond Moaa"
tin# #a*t JO ttolal U a #tak«. Wood’# lln#:
ill a nr# aouth 3* #»«t • pol#« t* tha lo
ginning. and mntalnlnf kt *ol#o, mor#
or lc«*
Alan, lot# Niimhari I* and I* In bloek
four th# Mhi bains Ju»V outbid# th# in
rorporat# limit# Ot the WWn Of Chover.
North Carolina, as ihowh *J plaU mad#
by j n kdmond, C. for anetlon aal#
of fh# 1. r J#nkm* proo#rtv. and #old
at nuhilo auetloa, August IS, tW*. said
plat bring on r#eord In tha r*gt«l#r of
daads off!## for Ci#Y#la»d county. In
plot book nn nag# «M, and for a fuller
and b»tt#r d»»#rlptlon of aald properti
rrfareno# I# mad# lo eald plat.
ThU th# ltth dav of Dae#mbar, IHI
J B ILL IB, Trust#*
J. B. l)avl#. Atty « D« IS#
You Can Always Depend On
COHEN’S
FOfc THE RIGHT GOODS — AT THE RIGHT PRICES — AT RIGHT TIME.
EVERY DAY FOR NOW UNTIL CHRISTMAS WILL BE
New Fall Tweed,
and Novelty
Dres. Good.
5 Yard.
Boy. and Girl*
UNION
SUITS
3 for
Special Clean Up
Boy.' and Girl'.
SWEATERS
2 For
36-Inch
LL SHEETING
Extra quality.
12 Yard. ...
A real buy for
Chri.tma.
CURTAIN
MARQUISETTE
40-in. 8 yd».