USE WANTS ADS FOR RESULTS g* DEVOTED Volume 10. TO THE CIVIC, ECONOMIC AND SOCIAL DEVELOPMENT OF ALLEGHANY COUNTY SPARTA, NOR' CAROLINA, THURSDAY, FEBRUARY 14, 1935 Number 39 6 PAGES — h Tima* Special Correspondent TO SELL BABY BONDS President Roosevelt is expected to buy the first “baby bond” about the first of March, and to inaugurate an educational cam paign by a radio address. Provi sion for these bonds, in denomi nations as low as $25, was made in the bill setting up * flexible system of financing for the gov ernment in place of the present flat limitations. A "revolviing fund” of not more than $25,000, 000,000 may be set up for long term issues and one for short term securities, not to exceed $20,000,000,000. The “baby bonds” wil be dis tributed to investors through post offices on a discount basis. T^e first issue will probably mature in ten years, with interest equal to about 2 1-2 per cent. Purchas ers, it is understood, will have the right to turn them in for re demption after six months if they need cash . Safeguards to be thrown around them include fa cilities in post office safes to store the bonds for purchasers. Secre tary Morgenthau and President Roosevelt are said to be enthusi astic over the program. The for mer points .out that Great Britian has made six issues of this type since 1916. Sin Washington Minor prophets, who seek to read all signs, including those that are imaginary, say that the idea is Mr. Roosevelt’s device to make the bondholders think in terms of governmental expendi ture, and become something like psychological partners in the New Deal. Objections that were waved aside are that the new savings bonds might deplete bank deposits and that, if the public becomes skittish the bonds might be dump ed on' the market. However, if the people buy the goods, as ex pected, one may expect a more conservative attitude to develop in regard to Federal finance. HULL MEETS DIFFICULTIES Secretary Hull has met many difficulties in his effort to follow the most favored nation doctrine and equality of trade and oppor tunity. He has been subjected to great pressure in this country by protected interests, and abroad he has run into a maze of restric tions, quotas, tariffs and other impediments. Of course, this coun try cannot object since it led the world in restricting imports from other countries. v With the signing of the recip rocal trade treaty with Brazil, witnessed by the President, who thus seems to indicate very clear ly his undiminished support of Secretary Hull’s policies, another step in their development became clear- Nations which have trade discriminations against us will not be given the concessions that go into reciprocal agreements until they drop their restrictions and join us in a program of equal treatment. Moreover, it is an nounced that ,a list of nations discriminating against the United States has been made and that no reciprocal treaty will be negotiated with them. STARTS AGGRESSIVE POLICY The adoption of this aggressive attitude seems to mark a step forward by the State Department, which is anxious to restore for eign trade to its former vigor and volume. Every effort will be made to discourage discrimina tions that thwart international commerce and enctfurage wide spread adoption of the most favored nation policy as a means of lowering trade barriers. Un less this is accomplished, the Sec retary of State sees nothing to prevent extreme government re gulation, lower standards of living here, and a chance for sotne outside power to outstrip us in foreign trade. MEW NRA LEGISLATION Congress is expected to begin deliberation on the new NRA leg slation this week, following sub mission of the proposals by the Administration, which will ask that the new law be temporary, for one or two years, or until the President, in the event of an in dustrial upturn, should indicate that the depression has really Dassed. The lessons of the past year will be utilised to “tighten” lip loopholes, with considerable discretion in an administrative board to deal with price-control features which tend toward higher prices or monopoly- Section 7-A will be retained, but no effort will be made to revive the licens ing provision, which was never nvoked by Gen. Johnson- Impo of codes upon recalcitrant tries will be provided in of the criticism that at the failure of outatand , such as the cigar lued on page 4) Wilkesboro PC A Stockholders Meet February 2 Farm Lending Agency For ThU Territory 1 Holds Annual Meet In Wilkesboro Members of the Wilkesboro Production Credit association, which serves the counties of Alleghany, Ashe, Yadkin, Wa tauga and Caldwell, held their first annual stockholders meeting at Wilkesboro on February 2 and heard complete reports on the first year's operations of the association and elected directors for the coming year. The meeting was very largely attended, not only by the mem bers but also by a great many farmers who are not members but who desire to acquaint them selves with the credit facilities which the association is offering. An invitation had been extended by the association to all farmers to attend. After the annual report of the year's operations had been made by T. W- Ferguson, Secretary Treasurer of the association, the meeting was addressed by W. M. Webb, Secretary of the Produc tion Credit Corporation of Columbia. In his address Mr. Webb explained the corporate set-up of the Farm Credit Administration of Columbia, which serves the states of North Carolina. South Carolina, Georgia and Florida, and made a thorough explanation of the local associa tion’s financial statement. Mr. Webb said that the pro cedure for obtaining loans for the coming year had been greatly simplified and that the loans could be handled a great deal more quickly than in the past. He urged fanners, however, to make their applications early and get their commitments approved as they do not begin paying in terest until they get their money. Other speakers of the meeting included J. Kdwin Tiddy, Field Representative of the Corpora tion, of Columbia; A. G. Hendren, County Agent of Wilkes; Dennis H. Sutton, County Agent of Caldwell; J. W. Crawford, County Agent of Surry, and W. H. Walker, Vocational Teacher in Watauga county. The meeting was presided over by Paul J. Vestal, president of the association. Directors elected for the coming year aare; Paul J* Vestal, W. H. Hardy, A. B. Hobson, Fred N. Colvard and H. Grady Farthing. The Wilkesboro Production Credit association makes loans for agricultural purposes. The interest is 6 per cent per year at present, payable when the loan matures and interest is charged only for the time the money is used. Doughton Is “Iron Man” Of National House According to a recent issue of a large Washington newspaper, Representative Robert L. Dough ton, of North Carolina, who at 72, is called the “Iron Man of the House,” has a grievance (along with most other Washing ton residents). The.city’s streets are so filled with slush, and so slippery, that he can't reach his office until 6:30 a. m. Ordinarily, according to the capital newspaper. Representative Doughton goes to work at 6 o'clock, while younger Repre sentatives marvel. He works on his mail from 6 a. m- to 9:30, presides over the hearings of the Ways and Meins Committee on the President's soc ial security bill from 9:80 to 12:30, listens to debate on the House floor until 6 p. m., and then goes back to his office to clean up his work. So healthy is he, it is said, he hasn’t had a cold in three years. ERA ADMINISTRATOR AND ENGINEER HERE Miss Victoria BoD, Sixth dis trict ERA administrator, and E. W. Cole, district engineer, visited the relief office in Sparta Friday. Miss Bell was pleased very much with the work that has been done by the local acting reliel director and her co-workers in Alleghany county. Students At A. S. T. C. Go On Strike Boone, Feb. 12—At a mass meeting of students at Appalach ian State Teachers college this afternoon, students voted to re main away from classes until their demands were met. They asked the administration bo approve a three-point program, consisting of allowing boys to sit with girls at social and athletic events; forcing the officer who “black-jacked” some of the stu dents to apologize, and a promise that strike-leading students will not be punished. Hoover Speaks At Lincoln Day Banquet In N. Y. Former President Is Introduced By Colonel Theodore Roosevelt, Jr. Pleads For Liberty New York, Feb. 12—Herbert Hoover returned to public leader ship of the Republican party to night with ,a blunt warning to the American people that “what ever violates, infringes, or abro gates fundamental American lib erty violates the life principle ■of America as a nation.” The former president participat ed in a Republican rally at a ban quet celebrating Lincoln’s birth day, at which he heard fellow leaders in the party denounce the Roosevelt administration which succeeded him two years ago as “traitors to the very people.” Mr. Hoover in his brief pre pared eulogy of Abraham Lin .eoln, of whom he is an ardent admirer, himself studiously re frained from a direct reference to the administration—but his remark was interpreted as a warning against trends at Wash ington under the Democratic re gime. He strongly hinted that he, like Lincoln, felt “Americans should be masters of the state and not the pawns of the state,” as some have declared the Democratic government is making the in dividual. The nation’s only living ex president, on his first visit east in two years, took occasion on this initial public appearance since leaving the White House to es pouse the cause of change toward the future but along routes pro vided under the Constitution. He emphasized that Lincoln, faced with a similar period of great strife and danger to the endurance of the union, felt “changes were inevitable to meet the shifting scenes and problems of the day,” but added (continued on page 4) Son Of Tenth President Dies At Virginia Home Richmond, Va., Feb. 12.—Dr. Lyon G. Tyler, one of Virginia’s most distinguished men and son of John Tyler, tenth president of the United States, died tonight at 7:80 o’clock at his home, “The Lyon’s Den,” in Charles City county, from an attack of pneu monia. He was 82 years old. He had been ill for nearly a month but his condition was not regarded as critical until about a week ago when what had been influenza developed into 1 pneu monia of the virulent type. Then all hope of recovery of the eminent historian, genealogist and president emeritus of the College of William and Mary was virtually abandoned. Although he lived a simple and rather retired life in the country since 1919 when he resigned the presidency of William and Mary, he was widely known throughout Virginia and the North and East. TO HOLD BAPTISMAL SERVICE AT PINE FORK A baptismal service is to be held at Pine Fork on Sunday, February 24, at 11 a. m. The service is to be in charge of Rev. C. H. McKnight, pastor. Services will also be held on the preceding Saturday night. ; w Byrd Expedition Heads Homeward From Antarctic Abandon Part Of Equipment In Order To ; Speed Ships Out Of Perilous Waters Aboard Admiral Byrd’s Flag ship (via Mackay Radio) Feb. 12. —The ships jyi Admiral Richard E. Byrd’s seegnd Antarctic ex pedition passed through Discov ery Inlet Friday, away from the Antarctic continent and on their way to Dunedin, N. Z., as tre mendous ice blocks crashed down from the barrier front. The Jacob Ruppert and the Bear of Oakland passed through the inlet close together, in a dense fog at 2:56 a. m. The barrier quickly was con cealed by the mist, cast up as the huge ice blocks burst from the face of the barrier and be came icebergs. S. S. Jacob Ruppert. at Sea (via Mackay Radio) Feb. 11,— The second antarctic expedition of Admiral Richard E. Byrd turned away from Little America Wednesday and headed for the civilization it left behind 17; months ago. With men and supplies aboard this craft and the Barkentine j Bear of Oakland, the expedition j moved west along the ice cliffs j of the Ross barrier, bound for Discovery Inlet to pick up pen guins. Under sail of a fair wind and using power as well, the Barken tine was in the lead. Robert A. J. English on the bridge. The flagship was under the command j of Commander H. J. Gersten. The admiral reluctantly aban doned two tractors, two snow mobiles, a few empty gasoline drums and minor equipment. The expedition leadei' wanted to get away and said: “There’s no use in pressing our luck too far.” Of the four airplanes brought aboard, two were stored in No. 2 hold. These are the Pilgrim and the Fairchild. The condor, William Horlock, which carried the burden of the expedition’s long range exploration, was dock (continued on page 3) Substitute For Sales Levy Is Outlined Tues. Franklin And Forsyth Representatives Are Sponsors Of Measure To Replace Sales Tax Raleigh, Feb. 12.—Before an audience hardly larger than the joint finance committee of the General Assembly and a few drousy newspapermen, opponents of North Carolina’s sales tax to day drew back the curtain and revealed in detail their substi tute plan. As presented by Representative Lumpkin of Franklin and Mc Donald, of Forsyth, it w,as a masterpiece of conception and execution. Covering 17 neatly mimeographed pages, the plan of fered $12,361,094 a year in new revenue, almost all “recaptured” from that lost in the retreat from property taxes, as against $8, 750,000 estimated from the sales Of this amount, $3,086,538 j would be recovered from a net income tax of six per cent on dividends now tax free, $4,682, 679.74 would come from fran chise increase, $350,483.04 from insurance premium taxes, and $4,241,394.20 from a program of (continued on page 3), Belk’s Store To . Open In Sparta v Saturday Morning Sparta’s newest store, Belk’s Department store, is to open for business on Saturday morning, February 16, at 8 o’clock. A full line of merchandise suitable for the needs of every j member of the family will be j kept in stock, according to an nouncements made concerning the opening. Oscar Andrews will be in charge during the opening. The new store is to be located in the storeroom formerly occu pied by the Dalton Warren De partment store. Belk’s stores are operated throughout North Carolina and in parts of South Carolina and Vir ginia. Through State Capital Keyholes By Bom Hinton Silvor CANDIDACY—Some members of the General Assembly don’t think that Senator Harriss New man. of New Hanover, and Representative Gregg Cherry, of Gastonia, Chairmen of Senate .and House committees on finance, have helped their reported candidacies for Governor and Lieutenant Gov. emor, also respectively, by the speed they have attempted to apply to committee consideration of the proposed revenue bill. These dissenters express private opinions that rushing consider ation of the big money bill has angered more people than it has pleased. FUTILE—Dr. John T. Burrus, Senator From Guilford, thinks the chairman of the State High way and Public Works Commis sion and the Commissioner of Revenue should be elected by the people instead of appointed by the Governor and has bills intend ed to make such a change. But the High Point Doctor isn’t bet ting any big stakes that his pro posals will become law. On the other hand he is inclined to be resigned to their defeat. Senator Burrus defeated Capus M. Way nick, present chairman of the highway body, in the Democratic primaries last June. PURPOSE—The bill by Senator Paul D. Grady, of Johnston, to amend the law establishing a State Board Cosmetoligists, pro poses to do many things but op ponents avow its main purpose is to abolish the three members of the board of beauty shop in espectors appointed by Governor Ehringhaus. Failure of the Gov ernor to reappoint Miss Emelie Purcell, who served on the board one year, has created no little stir and proposals for a new set up -occasioned little surprise in Raleigh political circles. GAS TAXES—From this point it looks like everybody and Ms jfi .**:>■* ... V - brother is trying to get his hand into the pocket of the automobile driver by diverting highway fund revenue. Motorists and truck owners have expressed in no un certain terms the opinion that any surplus gasoline taxes should be applied to repairing roads or re ducing the cost of license taxes. You will not be able to tell who wins until the General Assembly adjourns sine die. TOLLS—This General Assembly came to Raleigh determined to make all bridges as free as the roads and it didn’t take the mem bers long to remove the tolls from bridges across the Chowan near Edenton and the Cape Pear at Wilmington. You won’t lose much money, in the opinion of those supposed to know, if you wager that tolls will also be lifted from the Wright Memorial Bridge, gateway to Roanoke Island, as the result of legislation backed by the administration. NOT TOO SOON—Guesses on the date for final adjournment of the Legislature are beginning to vary widely as the joint finance committees continue deliberations on the biennial revenue bill. Legislative prognosticators profess to foresee unanticipated delay on the revenue bill in House and Senate. These unquoted wise men sense unexpected storms as the result of rapid passage over many sections of the money bill in committee. GOVERNOR—Lieutenant Gov ernor A. H. Gnaham isn’t saying much for publication but you can make a note on your cuff that he hasn’t withdrawn from the 1936 Gubernatorial race. Treading the even tenor of his way Mr. Graham is nevertheless laying the foun dation for his campaign next /continued on ham 2) [Surry Student At A. S. T. C. Dies From Injury Robert Reeves, Mount Airy, died early Monday morning from a broken neck, an injury he re ceived in a gymnasium at Appa lachian State Teachers college, Boone, last Friday. Reeves was a freshman at the college. While going through gymnastics he frac tured the fifth vertebrae which retsulted in complete paralysis of the body. He was married last Christmas. The body was taken to Mount Airy, where funeral services were held. Reeves was the son of Mr. and Mrs. R. L. Reeves, Mount Airy. Gant Dirigible Falls Into Ocean Off Pacific Coast Lighter-Than-Air Development In U, S. Is Dealt Mortal Blow By Loss Of Macon San Francisco, Feb. 12.— Stricken by a mysterious .accident j in mid-air tonight, the U. S. S. 1 Macon, giant dirigible, fell into j the Pacific ocean 12 miles off! Point Sur. Unconfirmed reports i said an explosion ripped the tail ofT. Commander Herbert V. Wiley and other officers and crew took to rubber boats. Six hours later warships with which the gigantic sky queen had been maneuvering reported rescue of seven boatloads of survivors. Wiley, one of three survivors of the Akron disaster two years ago, was in the first boat picked up. Searchlights ablaze, war ves sels patrolled the rain-swept ocean seeking additional survivors among the wreckage. Plunging to the sea in tragic parallel to the fate of her pre decessor the Akron, the Macon apparently remained afloat long enough for at least most of her crew to escape. Navy officials said seven boats could carry most of the Macon’s 83 officers and men. Loss of • the Macon dealt a mortal blow to American lighter than-air development. The navy has lost the Shenandoah, the Ak ron and now the Macon. Wreck of this $8,000,000 experiment probably dooms hopes of high lyivy officers for construction of a great fleet of gas bags to act as the “eyes” of . the fleet in future warfare. In contrast to the Akron dis aster, which plunged 73 men be low gale-tom seas off New Jer sey in a welter of girders and tattered envelope, before they (continued on page 3) N. C. Banks May Reach Level Of 1929 Tins Year Raleigh, Peb. 11.—North Caro lina banks may reach the peak condition by the end of 1935 that they enjoyed before 1929, the state banking department an nounced today. Deposits in national and state banks, the department reported, increased $122,260,323.73 from June 30, 1933, to December 31, 1934, Meanwhile, commercial state banks showed a correspond ing increase of $86,566,002.02; industrial banks, $744,321.71, and national banks, $34,950,000. One of the most significant facts brought out in the call re port of December 31, 1934, said Gurney P. Hood, commissioner of banks, was an increase of $6, 598,811.55 in loans and discounts. The October call report, he said, had shown a decrease in those items. “The liquid condition of our banks continues,” Hood reported, “showing $173,000,000 in cash bonds. Both checking accounts and savings accounts showed sub stantial increases during the per iod of 1984. “It appears now that the re sources of our banks at the end of this year will be almost at the high peak which was shown before 1929.” Wilentz, Reilly Address Eloquent Pleas To Jury Prosecutor Demands Death For Hauptmann. Reilly Asks Jury To Give Him Freedom Flemington, N. J., Feb. 12.— With an angry demand today for the death of Bruno Richard Hauptmann in the electric chair, the case of the state of New Jersey against the German car penter for the alleged murder of the Lindbergh baby was sealed. His voice raised in scorn and fury, Attorney General David T. Wilentz cried out in his all-day summation to the jury for a man date which will put the defendant in the electric chair, but as he finished he was interrupted and the courtroom thrown into con fusion by the shout of a spec tator-clergyman. From his perch on a window sill of the jammed courtroom, the Rev. Vincent G. Burns, a North Jersey pastor, interrupted the summation to cry: “A man confessed that crime to me in my church.” Struggling, he was hauled down and taken away. Later Justice Thomas W. Trenchard ordered him released after in structing the jury to disregard the incident. By tomorrow’s noon hour, the jury of eight men and four women, it is expected, will be locked up to decide Hauptmann’s fate. Justice Trenchard is to charge the jury at 10 a. m. Hauptmann sat tight-lipped throughout Wilenta’ fiery sum mation, as the prosecutor swung his fist and called him “the low est form of animal, a pariah who contaminates the air.” Anna Hauptmann was statue like in her chair but the jurors, by slight gestures and fleeting expressions, frequently betrayed their feelings. Only the electric chair, Wilentz cried, would “thaw out” Haupt mann’s coldness—“He is cold, yes, but he will be thawed out when he hears the switch.” At times the prosecutor’s pas sionate burst of oratory all but left him exhausted. He shouted that the murder of the Lindbergh baby would be “insignificant” as compared with the “crime” of freeing Haupt mann ; that "every woman in her home would shudder again.” i Attorney General Wilentz rag ed at the prisoner from the first moment of court until dusk when he leaned across the jury rail and asked for the death verdict, j After the lengthy outpouring of oratory, in which he met and challenged the main points of defense strategy, the attorney general concluded his plea with these words: “If this jury will do its duty, we can- translate Colonel Lindbergh’s loss and sor row into some gain for civiliza tion, to show that whether we catch a man walking into the room or not, we c,an crush them. we can crush these snakes, we can crush these criminals, that society isn’t so weak that we can’t deal with them. That’s the job that you can do.” After the convening of court Monday morning, Anthony M. Hauck, Jr., Hunterdon county ^ / y “He who taste* every tium'j sometimes bum* his mouth.' FEBRUARY - mat U—Pint six day bicycle tact M started at Hew York. 1 f -•- a t » commercial iooa •9s3t 14— Ohio River rim It hat at Ciacbnati. 1W. 15—John Barrymore, (ta«e a eereen etar, born 1U1. , It—General U. S. Grant ( 'J: turee Port Doneli Term, 1(62,