Asheville Herald (Asheville, N.C.) /
Oct. 15, 1933, edition 1 /
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VOL. 1, NO. 2
ASHEVILLE, N. C, SUNDAY, OCT. 15, 1933
PRICE 3 CENTS
Federal Home Loans To Aid ' :iRMlj"d0(
Valuation of Property
County Fixed on De
Details are nearing com
pletion in making the first
tax valuation of property in
Buncombe county upon a
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
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 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.
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
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
(Continued on l'uge 4)
City Would Have To Provide
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.
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
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.
C. F. Carroll of Bryson City,
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.
AT ASHEVILLE SCHOQL
"ri'Wittt'i'al-, total 'i oftulT8 studemt:!
history of the institubfoa, ibfltoiMj
J of tko school reported yesterday.
Welcome JTo Asheville, Inc.,
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
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
Will Relieve Local Market
Of Much Distressed
Definite relief for distressed
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
AUhough inevitable delays have
foi encountered Mr. Rob;n.r031 5
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
Applications have been received
from about 1,200 persons wishing
to refinance their homes through
the federal agency, Mr. Robinson
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.
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
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
T1 .. r. y f . 1 f vi 1 1 1
Continued on Page 4)
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