Newspapers / Asheville Herald (Asheville, N.C.) / Oct. 15, 1933, edition 1 / Page 1
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L 1 KEV1LLE HERALD Guaranteed Circulation 6,000 Copies VOL. 1, NO. 2 ASHEVILLE, N. C, SUNDAY, OCT. 15, 1933 PRICE 3 CENTS IMl 1 F ' b A-si H IBS awmm Y Federal Home Loans To Aid ' :iRMlj"d0( Valuation of Property County Fixed on De flation Standard Details are nearing com pletion in making the first tax valuation of property in Buncombe county upon a scientific basis. Preliminary figures de veloped by county tax offic ials yesterday showed that the total value placed upon jp&l , estate,, ancLparsonal-prcr "perty in the county - is a p prurimately- 271,972,506. Of this $62,264,157represeDts ' the- value "Of "real estate, and $12,708,439 the value of personal property. The totals are approximately the same as developed for the year 1920, when the aggregate-of real estate and personal valua tlons was $7 6,194,891. The tax valuation this year is about one-half the figure for 1932, and 43 per cent of the total reached in " 1927, which was $172,987,845 the maximum at talned in the history of the county. County tax officials feel that their greatest accomplishment this yaaj: has been m working out an equalization of valuation upon a basis of fairness. The "yard stick" method was employed, by means of which values were determin ed, not by estimates, but by com puting relative land values and ascertaining the value of im provements upon a basis of re placement cost with proper de , ductions for depreciation. Personal Property The greatest reduction thh year is in personal property, which, with a total of $12,708,439, is the lowest figure since 1919 The year 1927 was also the high mark for personal property, with & total of $34,246,610 assessed. County tax officials believe that the 1933 valuation will be the new basis upon which future appraisals will bo made. They aro of the opinion that the new figure will be the aJbsolute low in the depression cycle Residential property, which und er previous valuations bore a dis proportionate share of the tax valuation, was given the greatest relief under the new valuation, William G. .Adams, expert in charge of the valuation system this year, said Every piece of property in the city and county was revalued thli year, no consultation being made to previous values, Mr. Adams said. Before the process was start ed, basic prices were figured on xfcal estate upon aaflidh-fTobUBaiW; Jnd values of buildings wcro cor.i- jSutad on the basis of squaro loor 1 4 (Continued on l'uge 4) MAY OBTAIN EQUALIZATION ATTAINED IN NEW HMES In 0 GOVERNMENT WOULD FINANCE IMPROVEMENTS City Would Have To Provide Suitable Land Federal funds for development of a first class airport in Ashe ville would be available providing the land would be provided, Mayor Wickes Wamboldt said yesterday, following his return from Winston-Salem, where he and other city officials attended a state-wide conference called to promote the establishment of air lines in North Carolina. Mayor Wamboldt will appoint a committee of five. . Asheville citizens to compose the local air port commission. This body will elect one of their number chair man. The chairmen of the various city committees will hold a meeting to elect a board of five to compose the state airline corn- mission. The state commission in turn will elect .A. chairman, Th& National Aeronautical Chamber of Commerce has agreed. to ap&cnn to "its 'membership one man from each of the southern states. . ' Mayor Wamboldt said that the Winston-Salem meeting, called by Major George W. Coan, Jr., mayor of that city, was for the purpose of obtaining recognition of North Carolina and other southern states by the feleral government in its airline development program. Attend fleeting Besides Mayor Wambold, City Councilmen Ernest H. Miller and Joseph W. Little; City Manager Georere L. Haci;ney and Mrs. Wamlboldt attended the meetin Present from this city also were Galloway Williams, Roy Alle.n, and Georere M. Keightley. The latter is an experienced pilot. Fourteen cities were represented at the Winston-Salem meeting. M. O. Dunning, of Savannah (Continued on Page 4) To Wed Polar Scout Miss Ruth Johannesmeyer, of Mead-,v4lln..Pa-.ihQ.ha3 revealed she Will! marry ' Paul Siple, Erie, Pa., tloyj Fcyut (inset), when he returns frm his second trip to the AntarcticFvl! Hun I'lilniinil Iljlil. UljJlL lot r . 1- T .'111. A !" I cn route to Little America, I '' ft I ? 1 f pf rip FOR Discussion On ' ' The "Big Three" of the new war debts negotiations "are shown during first conference in Washington. Left to right, Sir Frederick Leith-Ross, spokesman for the British delegation, Dean Acheson, Under-Secretary 'of the U. S. Treasury and spokesman for the United States, and fair Ronald Lindsay, British Ambassador to Washington. It i3 believed I Great Britain wants to settle for a lumpjsum. TEACHERS' MEETING ATTERDEOBY 1,500 C. F. Carroll of Bryson City, Named President Nearly 1,500 teachers, members of .the Western district, North Carolina Teachers Association, were present at the annual meet ing of the organization, held in Asheville Friday and Saturday. C. F. Carroll of Bryson City, was elected president; Miss Cor delia Camp of Cullowhee, vice president, and D. M. Robinson, oi Marshall, secretary, for the en suing fiscal year. City and county superintendents elected II . G. Wells of llenderson ville, president of their group; llieronymus Bueck of Murphy, vice-president, and Miss Hope liueck of Yancey county, secre tary. Latin teachers elected Miss Virginia McClure, of Marshall, president; Miss Joyce Decker, Marion, vice-president; Mrs. C. A. Tierce, Woodfin, secretary. Miss Margaret Hunt of Rutherfordton, was elected president of the science group; Miss Pauline Moser of Murphy, secretary. The home economics group elected Mrs. R. N. Dempsey of Barnardsville, president; Mfss Corine Green, Burnsville, vice president; Miss Mark Fitzgerald. Mars Hill, secretary.. Prominent educators and school organization officials of the stato and section were on the programs. ATTENDANCE RECORD AT ASHEVILLE SCHOQL JI.i'llllllii "ri'Wittt'i'al-, total 'i oftulT8 studemt:! ettroTlefl?'1attt'!tia-nfcet'tt thO!iAste history of the institubfoa, ibfltoiMj J of tko school reported yesterday. War Debts COMMUNITY CENTER FOR R00U1ANNED Welcome JTo Asheville, Inc., Announces Plan Plana for development or a tourist center on the roof of the Grove Arcade building, starting next spring, were announced by. officers of Welcome To Asneviue, Inc., last week. The project would include pro viding amusements, refreshments. dancing, and music, on the roof. It is planned, to organize state societies, starting early next spring. Each of the state societies would hold 'their meetings on tlie community center. A full-time hostess would be employed to have charge of the center. Members of the Asheville Hotel Men's Association, at their meet ing Friday night, indorsed the plan and pledged their coopera tion, after the set-up had been outlined by George Coggins, secre tary of Welcome To Asheville, Inc. The hotel men ordered a mes sage sent to Governor EhringhauF. requesting that he appoint a com mittee to foster the proposed nark-to-park highway through this state. Reports of committee activities were made at the meeting. BOSSY GILLIS TO SEEK OFFICE AGAIN NEWBURYPORT, Mass. An drew J. "Bossy" Gillis, the red thatched ex-sailor, who kept the name of the quiet little city on the nation's front pages during his 1 to 1I J LOCAL fonr'ryjMvrs- ntfiMnyo-rvria tlon. START ACTION APPLICATIONS Will Relieve Local Market Of Much Distressed Real Estate Definite relief for distressed AIRPORT IN APPROVING property owners through , operation of the Home Own ers Loan Corporation is v predicted by ; George N. Robinson, manager of the Asheville district of the corporation. - AUhough inevitable delays have foi encountered Mr. Rob;n.r031 5 been een obtained 6t about 50 appi- 1 ' v cations from the - Asheville dis ' trict, and indications are that "at ' least 200 . additional loans will be approved soon. Applications have been received from about 1,200 persons wishing to refinance their homes through the federal agency, Mr. Robinson said. Aside from the fact that the applications have to pass through the prescribed routine, also that the entire structure is new, the principal obstacle has been the reluctance of mortgagees to ac cept government bonds for their mortgages. Decided improvement in this situation is taking place steadily, Mr. Robinson said, as the mortgage holders are becom ing convinced that it will be to their advantage to accept the ex changes. In many instances the mortgagees will be required to take a loss, but this, Mr. Robinson said, is inevitable due to the ex cessive valuations made in nu merous instances in Asheville and vicinity up to a few years ago. Fair Valuations Under terms of the federal act, mortgages on homes occupied by their owners may be refinanced through the Home Owners Loan Corporation. Fair valuations are permitted. In case bonds are ac cepted, the mortgagee is entitled to receive 80 per cent of the ap praised value in bonds. The act provides that in instances wherw cash is demanded, the loan would be -40 per cent of the appraised value. During the past few days Mr. Robinson was advised to with draw the cash loan provision, ex cept to provide sufficient cash only to pay up delinquent taxes and to make such repairs to a property as are absolutely neces sary to prevent deterioration. Somfe of the mortgages are held by companies that have - mortgage bono T such companies ai willingness to go alon government and accept Mr. Robinson said. smaller companies however, l. been reluctant to -act,- figunu that iimortgaf terestJ T1 .. r. y f . 1 f vi 1 1 1 Continued on Page 4) ltMli,flth,ith9"bdna3 whicli n - i n a a r i a f
Asheville Herald (Asheville, N.C.)
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Oct. 15, 1933, edition 1
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