davidaulloa/AmericanStories huggingface dataset:
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-01-26
Merchants Would Choose Sales
Tax as Compared to Mercantile
Levy, Secretary of Group Says

! Such an eventuality, they argu-
ed, would be disastrous for the
state. It would not only greatly
increase unemployment, but would
make a sharp dent in the states
revenue from its gasoline, auto
mobile license and privilege taxes.
| The estimate was frequently
made that 5000 merchants had
| to close last year, many more
were closing now, and still more
would be compelled to smut their
doors during the next few months.
! An increase in taxes would hasten
complete breakdown, they main
/ tanned.
1t was a gloomy picture painted
! by the merchants. In many cases
they protested that their losses
amounted to far more than their
taxes. One after the other they
admitted that while they were try
ing hard to keep up a stiff front,
any increase at all in the mercan-
tile tax would be suicide to the
average retailer. From beginning
to end. their story was one of
mounting taxes n d diminishing
sales. Under present conditions,
they all contended, the present
tax Of one-tenth of one percent
was too much and that the prOpOs-
ed increase was four times too
much.
A leading department stores
head told the committee 95 per-
cent Of the department stores in
the state were now in the red;
pharmacist, pointing to a 81 per-
cent decrease in druggists sales,
said 90 percent of the druggists
were in the same shape, while
jeweler estimated that 80 percent
of the jewelers. are mourning
tremendous losses, despite drastic
economies and curtailed sales
forces. Any further tax, this
jeweler maintained, would auto
matically wipe out two-thirds of
the jewelers. in North Carolina.
The merchants pointed to the
astonishing decrease in sales in
the past few years. They said
sales had dropped from a peak of
$900,000,000 during the last pros
perity year to an estimated $780,
100000 during 1882. In many
cases, they pointed out, individu-
ally man. merchants sales have
suffered even a greater cut in
sales. Some few merchants claim
ed they had made a fifty percent
cut in rent costs, a fifty percent
cut in the cost Of their employ
ment and still could not break
even.
When the merchants got through
relating their individual cases,
"Uncle Joe" Garibaldi of Meek
lenburg, a member of the house
committee, added his voice to their
case, declaring that grave crisis
was at hand, and that many BUSH
nesses, now operating by the mere
skin of their teeth, would have to
close if any further taxes We're
imposed upon them.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-01-26
By HENRY LESESNE
Times News Bureau
Sir Waller Hotel

/ Sir waller Hotel
RALEIGH, Jan. 26.-While re-
! tai merchants of North Carolina
are naturally trying to put bold
front. they are virtually on the
verge of bankruptcy, and they
would prefer even 4 bitterly-hated
general sales tax than the 800 per
cent increase in mercantile taxes
! proposed in the budget revenue
! bill, according to w. L. Dowell,
executive secretary Of the North
Carolina Merchants association.
This alternative was presented
/ to the Joint finance committee of
/ the house and senate by Mr.. Dow
ell after more than a score of mer-
chants appeared in rapid-fire or
der before the committee and pro-
tested that despite the drastic
, economics they had effected. they
were all operating in the red, and
that in many cases the merchants
of the state were hanging on"
only Shy the skin of their teeath." "
! Mr.. DOwell did not. OF course,
leave the impression that the mer-
chants of the state were in favor
of a sales tax. 1t is we'll known
that the merchants of the state
are strenuouSly opposed to either
Il general sales or luxury tax.
They don't think il would work. :"
But, according to Mr.. Dowell, it
would be preferable to the Com
cealed" sales tax now proposed in
the budget bill, which the mer-
chants would have 20 absorb them
selves.
A sales tax, provided it is large
enough, could be passed on to the
consumers, in the opinion of the
merchants association secretary
But the increase in the mercantile
tax of from one-tenth of one per-
cent to fOur-tenths one one-per-
cent, would cause the stores to
close up since it would be too
small to pass on to the consumers.
Mr.. Dowell advanced the opin-
ion that considerably less than ten
percent of all stores in North
Carolina kept out of the red last
year, despite the fact that they
had drastically cut costs of opera
ton. He read many letters from
the more prosperous" of the
states merchants, and only one
of them reported a profit last
year. The profit amounted to a
little over fifty dollars.
Except for Mr.. DowelPs re-
sales tax. Of the twenty-odd
marks there was little mention of
merchants who told of their per-
sonal experiences. only one utter
ed the term. He expressed an
opinion briefly that at just
wouldn't work" All the mer-
chants emphasized that they were
willing to pay their "just portion"
of the states taxes, but without
exception they were convinced
that any increase in the mercan-
tile tax would force them to close
their doors.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-01-26

fund, since it would, in view of
declining revenues, wreck the
maintenance Of the state and
county road systems. Replace
ment of the 15-cent property tax
is considered a foregone conclu-
sion.
The committee now has two
major tax measures for working
basis. One, the Clement bill, i'm
poses a levy Of one-half of one
percent on all manufactured prod
ucts, and it is estimated to bring
in about $7,500,000 annually un-
der present conditions, The luxury
tax bill of Senator Hinsdale. ac-
cording to the best estimates,
would bring in from 100000
to $4,000,000. Senator Hinsdale
is understood to be considering
offering an amendment to his
measure giving it enough flexibil-
ity to raise anywhere up to 49,
100000 or 100000.
However, 1t is a virtual GER
tainty that the finance committee
will work out new tax system,
probably combining some features
of these two with a general sales
tax. The Clement bill, in its pres
ent shape, has little chance Of &C
ceptsnce, it is believed, while the
Hinsdale luxury tax bill, if alter
ed to bring in sufficient amount
of revenue, would impose too
heavy a burden on the so-called
luxuries, in the belief of many.
By combining the several bills, it
has been pointed out, more just
equalization of the sales tax bur-
den could be worked.
Until committees begin grind
ing again, there will be no big
bills on the house calendar. The
health certificate law is
on the calendar for its third read
ing in the house Monday night.
The bill, repeating the law which
requires a certificate of physical
fitness before marriage, has had
hard shedding so far, and indica-
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-01-26
Baptists Here
Lead State In
Years Baptisms

According to the Biblical Re-
corder, state paper Of North Car
olina Baptists, the First Baptist
church Of Hendersonville led all of
the 1884 churches of the state
last year in the number Of bap-
tisms. Rev. William Herschel
Ford, pastor of the church, is just
completing his first year with the
church, and was the minister who
baptized 1872 people, the largest
number in any church in North
Carolina.
The third largest number Of
baptisms was credited to the An
gier Avenue Baptist church, Dur
ham. These new converts came
into the church during a revival
held in that church last April by
Mr.. Ford, thus giving the Hender-
sonville church a wider field of
activity. Mr.. Ford is in constant
demand as an evangelist. Besides
the 1872 who came into the church
by baptism, about the same num-
Der joined by letter, making the
total additions to the church over
260 during the year 1882.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-01-26
TRACEY GROVE

TRACEY GROVE, Jan. 90.
Friends Of Miss Ida Bell MelTell
are glad to know that she has re-
turned to her home here,
after being in the Patton Memoir
ial hospital for several days. She
is still improving.
Mrs. J. F. Goodman, of East
Flat Rock visited Mrs. w. j. Will
son Saturday afternoon.
Miss Carrie Duncan is III.
Mr.. and Mrs. Clyde Pace and
sons, Edward and Thomas, Mr.. R.
Lyle and daughter, Myrtle, Mr..
John Hoots and son, Clelon. call
ed at the home of Nh. and Mrs.
W. T. Capps Friday night and en-
jOyed some singing.
Mr.. Clarence Wilson and two
daughters Of Etowah, visited Mr..
George Merrell and family, Sun
day.
Mr.. and Mrs. Clarence Pace and
children and Mrs. Susan Pace
We're dinner guests of Mrs. w. A.
Henderson, Sunday.
Mr.. and Mrs. j. B. Hoots visited
Mr.. and Mrs. P. D. Holbirt of Big
Hungry, Sunday afternoon.
Harry and Donald Hoots of
Dana spent Sunday at the home
of Mr.. and Mrs. l.. Frazier.
Mrs. W. J. Wilson visited
friends in Upward Sunday.
Bill Holbert of Big Hungry
spent the week end with Mr.. and
Mrs. Howell Henderson.
Mr.. and Mrs. Nun Henderson
and children were dinner guests
of Mr.. and Mrs. Plato Justus,
Sunday.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1933-01-26

tions are that An amendmer. :,
be offered to make it NOR. !.
ceptable. In the senate. tbs :
ing anti-lobbying bill, which !; !,
all eady passed the house, i :
pected to be taken up ead, /,
the week and it is expected . !
counter very little opposition
Evening star., 1933-10-21


at
tempo than last Unfavorab weather retarded retail
favorable
Rate industrial activity exception
women dresses drugs offering
Earnings Of banks ha1e
tracted szeaby
PrTTsBuRGH-General district by
majority
who strike the The roll
daed sales both ana retail Weeks
ago operations holding
week continues almost above rate
glassware liquor bottles beer bottles holding
but than
orders booked during August and a keep deliveries well above
models Century
the success @ from and
level Hide quotations lower cattle and hog prices weak Coal sales
distribution materially
st heavy Money rates Continue Arm "'' ''''' '''AS
An S weather has increased sales of easonable
home has sharply lines buying has been
for early
s o on activity aa the
for seasonal needs being taken easy
retail business continues its gain %
Of public Moderate slack
motor industry and kindred lines including Steel
KANSAS department stores and retailers charac-
for groceries, dry goods dcounng
the e. same as it was year ar ago % 15ssE in the wheat IN %a 1
unmpoan Collections helped by receipt of Government
MnwAUKEE-GeneraI volume holding we'll Despite
Of ss DSs % o % ns
g g s. to q rs ssg
sPess snd n ss. Trades output
Evening star., 1933-10-21
NEW LOWS ARE HIT T
IN WEAK MARKET
Opening Boom Over Prospec.
tive Soviet Recognition
Short Lived.
By GEORGE T. HUGHES.

Special Dispatch to The Star
NEW YORK, October 21.-Acute
weakness developed In stocks again to-
day with the market making new lows
all around.
At the opening prices were frac-
tionally higher still under the stimulus
OF the prospective recognition of Rus
sia, but that phase did not last long.
After the overnight orders had been
executed. the market began to sag and
as 1t went down revealed q lack Of
support which the professionals were
quick to sense and attempted to capi.
taliZe.
Liquor Issues Weak.
The weakest group were the liquor
issues. All of these were pressed for
sale at declining quotations. Holders
seemed apprehensive about the revela-
tions in the coming investigation of
pool operations in this group last Sum-
mer. National Distillers half way
through the last hour was down
on more than 6 points and United
States Industrial Alcohol, Commercial
Solvents and Schenley somewhat lesser
amounts.
Ihe steels were heavy from the start
and the pressure against them increased
as the session went on until United
States Steel common, under s35 a
share, was in new low ground for this
reaction. The commodity stocks in
general Jared no better. United States
Smelling, up at one time to points,
was down after the selling got under
way. Motor stocks resisted at first,
but then yielded with the rest. with
Chrysler and Auburn the greatest suf-
fererS.
Rails Also Lower.
The rails also made a show of
strength in the first half hour, but were
unable to hold the gains and left of
substantially lower. New York Central,
Lackawanna, Delaware g. Hudson and
Baltimore & Ohio were especially weak.
Oil stocks were lower but not weak and
the utilities, except the communica.
tions stocks, lost only slightly com.
pared with industrials and rails.
The pace was very slow in the first
hour, but it increased in the second
half OF the session and as a result the
tape was unable to keep up
In explanation of the new break there
was only the general industrial situa-
tion plus the threat of a farm strike.
Commodity markets were not disturbed
until stocks had shown the way. In
fact, wheat was 2 cents higher in the
early trading and cotton advanced. The
dollar was stronger at the opening. But
lost a part of the advance before the
close. Tie changes were not great in
either direction, however. Gold mining
stocks on the exchange reacted with the
general list, Homestake touching 300
for the first time in long while.
The market steadied toward the end
Short sellers took in contracts, not car
ing to retain a position over the week
end. The announcement that the Pres
ident would address the Nation over
the radio tomorrow night was factor
IN this decision.
Evening star., 1933-10-21
Baltimore Markets
Special Dispatch to The Star

opcSidA OaSpdtSu " Auc oldI
BALTIMORE, Md, October 2l.-
White potatoes, per 100 pounds. 1.45a
1.65; sweet potatoes. bushel, 35a65;
beans, bushel. 1.25a2.00; beets, 100.
2.00a2.50; Brussels sprouts, quart, GALA;
cabbage, bushel. 60a75; celery, crate,
1.25a225; carrots, 100, 2.00a2.50; Gu
cumbers, hamper, 2.25a275; lima beans,
bushel, 2.00a3.00; onions, so pounds,
75a90; mushrooms, basket, 40a65; peas,
bushel, 2.25a3.00; peppers, hamper. goa
80; tomatoes. hamper. 3Oa75; spinach.
basket, 20a25; apples. bushel, 40al .5o;>
pumpkins, each, sails; grapefruit. box,
1.75a2.75: Concord grapes. basket, 35a
40: cranberries, quarter box, l0Oa2 90;
pears, bushel, 1.00a2 90; ounces, bushel,
5Oal rs; oranges box, 2.00a2 so.
Dairy Markets
Live poultry-Young chickens, 14a16;
Leghorns, 13a14; old hens, l0a16: Leg
horns, 10a11; old roosters, TAG; ducks,
7a12; pigeons, pair, 10a15; guinea fowl,
each, 25a40; turkeys. young hens, 21a
%; gobblers, 18a20; old hens, 15a16.
Eggs-Receipts, 529 cases; current
receipts, 20a22; nearby first, 23a24:
hennery whites, 25a32; pullets, 1sa20.
Butter-Good to fancy, creamery,
pound. 21a26; ladies, l5al6; store
packed, 10.
Evening star., 1933-10-21
U. S. TREASURY POSITION.
BY the Associated Press,

BY the ASSOClateu PTeSS.
The position of the Treasury October 10
was: Receipts, S6S.337 .925.13; expendi-
lures, SOL S45,525 %; balance, $1,005,-
621, ,S37 20; customs receipts for the month,
S2O,O71,417.33.
Receipts for fiscal year to date tsince
July ID were SS71, 1861, 134.73 expenditures.
S1,26O, 734 .64712 dncluding $354,944,. :.
1875 emergency expenditures); excess Of
expenditures, S3SS, ,733, ,512.39.
Receipts for october 10. 1892 Compare
BILE date last year,. Ss0,0S3, ,3S7. .S5; ex-
$3.50, ,963 81 500; custom receipts for the
month S15,S31 ,997.S3.
Receipts for fiscal year. $515,56O,477.S2
expenditures, 81 IOS6S91 ,63O.76; excess OF
expenditures over receipts, S571. .331 i 81. "a,
exclusive of S344, 521 1923 63 expended Tor
Evening star., 1933-10-21
q. S. TREASURY CERTIFICATES
RepOrted BY Chas D. Barney q Co...
SH0RT.TERM SECURITIES.
(Reported BY chas. D. Barney 4 c

tReported BY Chas. D. Barney & Coz
Allis- Chalmers Co. IS 1887. s4sI sS
American Beet Sugar 6s 1895 70 10
Amer Tel g. Tel. 5ks 1913 1oSX 1tlTH
Am. Wat. Wks. &, FL. IS 1884 961s 97A
Belding Hemingway 6s 1886 9S 1OOx
Bethlehem Stee, Co. 5s 1886 IA 99R
California Packing IS 1910 SSH S9H
canadian NOT. Ky. 4Ias 1885 101h 101A
Chesa q Ohio Ry. 5s 1899. lO6A 107
CHI. Northwest: Ry. Gas 1895 79S 90
Chicago Rock Island As 1884 1871 10
Colorado g. So. Ry. 4hs 1895 rs as
Commercial Credit 5ks 1895 16lM
Delaware & Hudson IS 1885. 96
Den. & Rio Grande AS 1895 49k
Edison Elec Ilum As 1899. i0i1. 1O3
Gen. Petroleum Corp. IS 1910 1O4 1O4h
Gen. Public Service 5As 1899 40 SO
Grand Trunk Of Can. 6S 1895 1O3ss 1O4
Great Northern Ry, rs 1895 10 81
Illinois Centdk r. r. Gas 1896 9lK 93
Keystone Telephone IS 1886 10 72K
Laclede Gas Light 6s 1884, S6h 92K
Lake Erie d W. A. r. IS 1887 so 67K
Louisville & Nashville SIS 1897 IO3h 1O4
New York Cent. q II. As 1884 S6Ha 81
n. z, Chi & st. L. As 1887 s2a4 S4h
Northwest. Telep. 4ks 1884. 90 -,
Penna. r r. Co. 6hs 1885. 1O4 1O4M
Portland Gen. Elec. 5s 1885: 30 s3h
Eepublic Iron & Steel IS 1910 S1A S6k
Sinclair Cons. OIL Go. Is 1887 101S log
southern Pacific 6s 1884,. S61a 50
Union Oil Co. Calf. IS 1895 1O1A 101k
vtreinia Ry. q Power 6s 1884 101 1O1h
Wabash Rvy. Co. 81 $780,. SO %
Evening star., 1933-10-21
$19,279,00O Road Contracts.

NEW YORK, October 81 R.-Engi-
neering News-Record report highway
contracts let during the week ended Oc.
tober 16 aggregate S19, 9,279, 900 the high
est weekly award in over two years
Highway contracts of over 81 900, 900
each were let in Texas, California, New
York, Ohio and Missouri.
Evening star., 1933-10-21
Pays 543d Dividend.

BOSTON, October 81 (SpeciaD A
dividend OF 20 per cent, payable on all
policies expiring in November. has been
declared by the American Mutual Liza
bility Insurance Co., the 543d consecu-
tive dividend.
Evening star., 1933-10-21
MONETARY GOLD STOCKS
SHOW LOSS FOR WEEK
by the Associated Press.

by the Associated Press.
Monetary gold stocks Of the United
States showed slight loss during the
week ended october 18 as the change
Gas measured by the Federal Reserve
Board In the table that follows the
total of such stocks is given, for COM
parable periods, as announced by the
board:
Week ended October 1s. SIS, ,32s, ,OoO, 900
Previous week ...... 3,424, ,000, 900
Same week last year. ..... 1927, ,000, 900
Evening star., 1933-10-21
Trade Reports at a Glance
BY the Associated Press.


al reported
with the year.
Evening star., 1933-10-21
PRODUCE EXCHANGE

NEW YORK. October 21 R.-Produce
stock list:
Evening star., 1933-10-21
37s Zonits PRODUCTS.


based the halfyeary
sUnit Of trading
AZ in stock Paid last regular
stock Payable cash 81
in
Evening star., 1933-10-21
New York Cotton

Special Dispatch to The Star.
NEW YORK, October 21.-Though
cotton prices improved Is points at one
time today, extreme weakness in the
stock market unsettled sentiment, and
q setback left the list points higher
to a point lower than yesterday.
Liquidation rather than hedge selling
Cancelled the early rise.
The Washington times., 1933-06-21

avorlte Prescription. Read What Mrs.
Cook of 81 l. St, said: 81 was so terribly
.ryous every little noise would completely
',set me and nervous headaches made me
iserabIe l was troubled with indigestion
yer felt like eating. l used several bottles
DR.. Pierce's Favorite Prescription and
as rid of that nervous, tired-out condition
I'd headaches, 1t relieved me of the in
SeStion, too" Sold by druggists everywhere.
Write to DR.. Pisree's Clinic, Buffalo:
I. T., fog free medieal advice.
The Washington times., 1933-06-21
VISITOR OFFERS
FAMILY AID

The Tamagni family, evicted
from a home in the 800 block of
Twenty-second st. N. W., yester-
day, which they had occupied for
20 years, have been offered a
home by a visitor to Washington,
Paul Garrett, of the Washington
Hotel.
He invites Mr.. and Mrs. Joseph
Tamagni, who are believed to
have moved to the home of a
daughter, Mrs. Carrie Gatta. Of
the 100 block Seventh st. N. E.,
to get in touch with him today,
and offers to take them to his
home in northern New York
State. Mr.. Tamagni. out of work
for two years, was formerly a
cook.
The Washington times., 1933-06-21
81 COnUicts to Get
GOD. Ritckie Paroles

BALTIMORE, June 21.-Thirty-
three paroles will be granted to
prisoners in Maryland State in
stitutions next week by Governor
Ritchie.
Among those to be paroled are
Leo Farrell and Howard Henze,
sentenced from the criminal court
of Baltimore for larceny and re-
ceiving stolen goods taken from
the Mercantile Bank.
Farrell has served more than
nine years of a twelve-year SEN
tence and Henze seven years Of
a ten-year sentence.
The Washington times., 1933-06-21
OLD OUT HOPE.
]RDEPOS|TORS.
(Continued from Local Paee)

CONTINUED from Local PGee)
the banks affairs, made by De-
,tment Of Justice agents, it is
1ected that the District Grand
ry will begin an inquiry next
'ek. with several indictments
2dicted.
When the bank failed to be re-
ensed at the end Of the bank
liday, Robert S. Stuntz, execuu-
vice president, committed sui
e. Subsequent investigation dis
1sed that the bank had been
)ted of about $1,000, 900.
Hamilton Situation
Subscriptions for "a great deal
)re" than the $1,250,000 capital
1ck and surplus of the new
amilton National Bank must be
tained in the stock-selling cam
ign, officials of the bank said
day, to make up for shrink
e."
Since the subscription cam
lign got under way several
eeks ago major changes have
Cured in the financial condi-
IN of some who subscribed for
ock. Their subscriptions are no
niger acceptable, or at lie a st
ere is grave doubt that the &C
al cash will be forthcoming in
.e near future.
Reason for Drive Lag
1t is this considerable shrink
e. officials of the bank indi-
tie, that accounts in large part
r the apparent lag" in the
i've in the past few days when
,e local merchants were called
BON to support the effort to
zen the new bank and release
)proXimately $1O,0G0,000 now
oxen in seven banks taking
art in the merger.
Less than 100000 is still need
| in the drive.
The Washington times., 1933-06-21
NERVOUS THUG
CARRIERS $40

A nervous thug who last night
took $40 from the cash drawer
at the Western Union branch in
the 100 block Connecticut Ave-
N. w., after ordering John A. Cal
lahan, the manager, to lie on
the floor, is sought by police.
Callahan said the holdup man
seemed very shaky as he issued
orders to:
Keep quiet and get down on
the floor"
About three months ago, Cal
lahan was held up at the tele-
graph office by two robbers who
took $68.
It is believed the man had
watched the office carefully be-
fore entering because only a short
time before another employe had
left.
A messenger. John Evans. 18,
was in rear room reading a
newspaper, obliviouS of the rob-
berry.
Miss Helen Peredino came from
work last night and a short time
later her mother, EdoXia Pere-
dino, returned from shopping and
found the house, in the $500 block
New Hampshire Ave. N. w., had
been robbed by a jimmy thief, who
got $57 from Miss Peredino's
pocketbook in a bureau, and S.
from her mothers.
John Briggs, colored, 26, 400
block New York Ave. N. w., was
arrested today by two policemen
in scout car in connection with
the breaking of a show window
at the store of Jennie Chesevoir,
200 block L st. N. w. Nothing was
taken.
The Washington times., 1933-06-21
FUNDS
LEAD RELIEF

Need for municipal relief funds
in Washington and the large pro-
portion of private charity in COM
parison with other cities, prior
to the action of Congress this
year, is shown in a report from
the Children's Bureau of the
United States Department of La
Dor just released.
This report reveals that Wash
ington's private funds supported
81 per cent of the relief needs
here in 1882, which was the
largest percentage of any large
city in the country.
It is also shown that local re-
lief expenditures increased 1899
per cent in 1882 over the previous
year.