davidaulloa/AmericanStories huggingface dataset:
Henderson daily dispatch., 1939-07-20

Six new members of the faculty
of the Henderson high school have
been elected to replace six teachers
who have resigned since the close of
the last term in May, Superintendent
E. M. Rollins announced today Mr..
Rollins said that, in his opinion, nine
months terms and salary supple
ments in other schools were attrac-
tive and were the cause of most of
the designations.
Steve Brown, of Durham will sue
ceed L. L. Miller as physical educa-
ton director, Mr.. Miller going to a
larger and more lucrative work in
the Raleigh high schools. Miss Sarah
Wiley Dickson, of Adel, Ga, will sue.
ceed Miss Alma Vickery as CONNER
cial teacher Miss Mary Chriesman,
of ST. Matthews, S. c., will succeed
Mrs. Elroy Nancy as French and
Latin teacher.
Miss Ruth Bowlin, of Laurel
Springs, succeeds j. F. Clements as
teacher of music, the latter having
resigned at the close of the last term.
Miss Annie Howard FELTON,, of Chapel
I'LL, SlCOCC0S 1V1lSO 1QO11C Dy1o dS
librarian of the high school, and j.
Fred Fitzpatrick, of Rich Square,
comes here as successor to r. B.
Harrison in the science department.
Mr. Harrison will continue as a
member of the high school faculty,
but in a different capacity. He will
be head of the new department
known as cooperative vocational
education. The expense of this new
work will be borne entirely by State
and Federal funds, it was stated
Former teachers of the high school
who will return next year are Miss
Althleen Turnage, teacher OF mathe-
matics; Harl Blose, mathematics;
Miss Ruth Byrd history; S. M.
Crowder, history; Mrs. ]. Y Paris,
English, Miss Mary Harrison Ben
son, English; Miss Mary Margaret
Miss Mary Ramseur, commercial
subjects.
Superintendent Rollins said, in an
nouncing the changes in the faculty,
that one of the problems in the fu-
ture will be to secure efficient and
we'll trained teachers, due to the fact
that Tie Term here is, only eight
months, and there are no funds with
which to supplement- teachers sal
aries, and the teachers are seeking
positions in those schools with the
longer terms and supplements.
With few exceptions ,all city sys-
TENS the size of Henderson in North
Carolina have voted local funds to
supplement the State allotments for
teachers salaries The highest salary
paid here now is $123.75, and the
teacher, to receive this salary, must
have had eight years experience and
hold a Class A certificate. A begin
ming teacher receives only $96, Mr..
Rollins said He explained that, bas-
ed on IL months, this is an average
of only $50 per month in a school
system that has an eight months term
for beginning teacher.
The schools here begin their fall
term on Thursday, September Ia
with a meeting of all teachers to be
held the previous day, on September
49,
Mr.. Brown is a graduate of Glenn
son College, S. c., and has had ex-
perience as director of physical edu-
cation in the Greenviile, S. c..
schools, was assistant physical edu-
cation director at Furman Univer-
sity, and from 1886 to 1888 was di-
rector of physical education IN We'll
come high school, Greenville, S. c.
Henderson daily dispatch., 1939-07-20
CAN YOU ANSWER
THESE QUESTIONS?
See Page F'OM1

L. In what country was indigo
first employed as a dyestuff?
2. How many square inches are
in one square foot?
3. What is kleptomania?
4. What is the plural Of the word
tempo?
5. For which State is "Sagebrush
State" the nickname?
6. What relation was King George
" Of England to the former German
Kaiser?
7. Who composed ''The Unfinish-
ed Symphony"
8. What is the name for place
where coins are manufactured?
g. In what month and year was
the so-called "bank holiday" in this
country?
10. To what general family of
birds do the falcons belong?
Henderson daily dispatch., 1939-07-20
so Percent Stock Diuidend
Declared By National Bank
All Preferred Stock Held By RFC Is Retired
Through Earnings In Addition to Cash Dlvl-
dends Paid In Past Several Years.

gust l, 1899, the common capital
will be S15O,OOO and the surplus
$33,5O0."
Since it began business October
q. 1882. the First National Bank has
had what is considered a rather re-
markable growth. Since that time,
Mr.. Harrison wrote the sharehold-
ers, 'sthe net profits has been, up to
July /, 1889, S11O,789.71. The stock
holders have been paid in cash di-
vidends % 1-2 percent, or $28,50O,
and on August l, 1899, they will re-
ceive free a common stock dividend
or fifty percent, or $4,000. S13,50O
has been added to the original sur
plus, and the remainder Of the net
profits has been left to the undlVld-
ed and reserve accounts
Shareholders were notified that
the new certificates of stock will be
ready for delivery on or after Au-
gust 5, 1889, and they have been re-
uuoSted to coll at the bank and re-
ceipt for them.
Ihe First National paid a semi
annual dividend Of three percent to
its stockholders as of July this year.
The stock has been on six percent
annual basis for several years, and
in 1888 an extra one and one-half
percent dividend was paid
The banks report as Of June 80
showed loans ana discounts OF $449,-
1874 and total resources of S1,413,-
920.03. IT'S deposits at that time a.
mounted to .S1,172,115.13.
Jasper B. Hicks is president Of
the bank, with r. c.. Harrison as
executive e-president; Frank B..
Robards. cashier, and N. D. Holloway
assistant cashier
Henderson daily dispatch., 1939-07-20
BUDGET DEFERRED
BY COUNTY BOARn

Adoption of Vance countv's non
1939-4O budget was deferred Nv INV Nv
Board of County CommissiorOone oe
when they adjourned meeting arS ear
ly Wednesday afternoon. Whetbor
the members will come back at .'o' ao
other called meeting or await the Tll' rn
gular August meeting on the fir1,
Monday was not certain. The boarS
Wednesday had before it for the rir,t a
time the new school budget, along
with the estimate Of expenses for on
Grating the general activities of tbo
county for the coming year.
Henderson daily dispatch., 1939-07-20
CROPS

tl Crop conditions in North Carolina
on June were reported by growers
as Unusually good in spite of the
general dry weather prevailing in
the state in May" reports w. H.
Rhodes, chief statistician of the State
Department of Agriculture.
Henderson daily dispatch., 1939-07-20
RECREATION TALK
AT DINNER TONIGHT

Representative of a number of
Henderson organizations will dine at
their own expense at the Vance hotel
this evening and hear an address by
c. R. Wood, of Durham, on COM
munity recreation activities Mr.
Wood is city director Of recreation
in Durham. Civic, fraternal, govern
mental, business and other organi-
cations will be represented at the
dinner.
Henderson daily dispatch., 1939-07-20

Deed RecOrded-J. D. Mabry and
wife sold N. d. Holloway and wife
1918 acres of land in Middleburg
for SO and considerations in the
only realty deed filed with the Vance
Registry Wednesday.
Henderson daily dispatch., 1939-07-20

Farmers desiring copy Of the 1893
bulletin on "Analyses OF Mixed
Feeds should write the Publication
Division, North Carolina Department
of Agriculture, Raleigh.
Henderson daily dispatch., 1939-07-20
THURSDAY, JULY 20, 1899
To Have Fish Fry.

Officials of the Junior Order an
nounce that they will hold fish fry
at Kings Daughters Park Friday
evening at $50 o'clock.
Evening star., 1939-08-25
Security Traders Discuss
Possibilities Of War
Special Dispatch to The Star.

Special Dispatch to The Star.
NEW YORK, Aug. 25.-The prob
able influence Of war or peace upon
the action of security prices was the
principal topic of discussion at the
convention of the National Security
Traders Association in New York
today. A forum devoted to the prob
lens of corporate securities was fol-
lowed by a radio-type question and
answer period concerning many
aspects of over-the- counter trading
Except for the threat of war, do
mestic business and the outlook for
stock prices are more favorable than
they have been since 1887. the dele
gates were told by Ross Beason, in
veStment trust executive, who was
the principal speaker at todays ses-
sion. If the threat of war is re-
moved, the country is all set to forge
ahead, he declared.
Oliver Troster, of the firm of Holt,
Rose & Troster, told security traders
that the immediate effect of a war
upon stocks and bonds would unques-
tionably be sharp downward move
ment but that the long range trend
was impossible of prediction.
Mr.. Beason pointed out that cap
ital goods stocks are now less than
So per cent of their 1897 highs and
that electric power and consumers
goods stocks are at a comparatively
low level in contrast with high pro-
duction in these industries. He ex-
pressed the opinion that stock prices
generally are now at the lowest which
will be experienced for the next eight
or ten years.
Evening star., 1939-08-25
Aldermen Fail 10 Gust
Waterbury Mayor
BY the Associated Press.

oS tHc ASSOCIATED PreSS.
WATERBURY, Conn.,, Aug. 25,-
Frank Hayes still is Mayor of Water
bury. since the Board of Aldermen
failed by two votes to oust him last
night on charges resulting from his
conviction of participating in a
million-dollar conspiracy to defraud
the city.
A crowd jammed the aldermanic
chamber to its $50 capacity, cheered
each Republican alderman who spoke
in favor Of the custer and booed the
Democrats who stood by their fellow
party member.
j. Warren Upson, Republican town
chairman acting as a private citizen
preferred the charges OF Continued
neglect and default of official duty"
and moral delinquency and moral
turpitude" against the Mayor. The
vote was strictly partisan, the eight
Republicans on the 15-man board
favoring removal and six Democrats
voting no. A two-thirds majority
is needed to oust public official
The same charges were preferred
against Alderman Thomas P. Kelly
the Mayors executive secretary who
was convicted with him and 18
others last week, and the vote on his
case was the same.
| Neither Mayor Hayes nor Mr.. Kelly
both of whom are free on bail
pending appeals, attended the meet
ing, but an attorney represented
them.
Evening star., 1939-08-25
Foreign Trade Says
During July, but
Folds Above 1888
Exports at $229.62s, ,000,
Imports Are Valued
At $l68, ,925, 900
BY the Associated Press.

By the Associated Press.
The Commerce Department said
today United States foreign trade
declined in July below June levels,
but was still bigger than a year ago.
During July, American exporters
shipped abroad $229, ,628 900 worth of
goods, and imported $168, 1926 900
worth.
For the first seven months of the
year, merchandise exports, totaling
81 ,645, ,465, 900, exceeded the $1,263,-
AL 900 imports by $685., ,024,OO Be-
cause imports this year have been
larger and exports slightly smaller,
the excess Of exports was little more
than half the 1858, 900 of the COM
parable period last year.
July exports compared with $685.
059 900 In June and $227 ,535 900 in
July, 1888. This July's imports con-
trasted with sits, ,921 900 in June and
$140, 800 900 in July, 1898.
For the seven months, the decline
in exports has been due primarily to
smaller shipments of such agricul-
tural staples as grain, cotton and
tobacco.
July imports of gold totaled $278,-
645 ,00O,. compared with $63 $50 900 in
the same month last year, while i'm
ports of silver last month amounted
to $5,531 900, compared with $685.
600 IN the same month last year.
Metal exports included $4,000 of
gold and 500 900 of silver.
Evening star., 1939-08-25
Security F|otations
In July Advance
Above Year Ago
$232,7l2,0o0 Volume
Behind $252,9l0,000
Recorded in June
BY the Associated Press.

BY the Associated Press.
The Securities Commission report
ed yesterday that corporations reg
istered $232 ,712,OO0 worth of new
securities in July, compared with
$252 100000 in June and $219,984, 900
in July, 1898.
OF last months issues, $l88, ,081 900
were intended for public sale and
the remainder for exchange pur-
poses. Unsecured bonds accounted
for 598 per cent of the securities
intended for sale secured bonds for
21.1 per cent, common stock for 79
per cent. preferred stock for SIS per
cent and certificates of beneficial
interest for ST. per cent.
From the proceeds of the sales
11.6 per cent was earmarked for
plan expansion and other new
money" purposes and the remainder
for refunding.
Three issues accounted for about
three-fourths of the July total. They
were $83,087 500 of Shell Union Oil
Corp. 21a per cent debentures, $28,-
752,500 of Kansas Power & Light
Co. 31a per cent bonds and s26833,-
$50 of Southern Bell Telephone g.
Telegraph Co. 3 per cent debentures.
Evening star., 1939-08-25
Atlas Corp. Proposal
For Utilities Power
Wins Approval
Special Master Fovors
PIon in Report to
Federal Court
oolARs
@ @AAf
BY the Associated Press.

| BY the Associated Press.
CHICAGO, Aug. rs. Special
Master Harry N. Gottlieb yesterday
approved the Atlas Corps plan for
reorganization Of the Utilities Power
& Light Corp.
Gottlieb, in his report to Federal
Judge William H. Holly, said he be-
lieved the Atlas proposal was "in
good faith" and recommended that
the court confirm all essential pro-
visions.
The Atlas Corp. of which Floyd
B. Odlum is president, was one OF
the chief creditors of Utilities Power
& Light.
The master said that he con-
sidered $44, 400 900 a fair valuation
of the assets of the Power & Light
Corp. for purposes or reorganization
Approved BY S. &c.
The plan, which has been approved
also by the Securities and Exchange
Commission, provides that holders
of all debentures or claims shall re-
ceive for each $1,000 in principal,
s400 of new Az per cent five-year
debentures, six shares of new S per
cent cumulative preferred $50 shares
at par value, and so shares of new
common par value 81 shares. Each
holder would receive also one share
of new common stock for each Sc
of interest.
Holders of old preferred stock
would receive for each share five
shares of new stock.
Outstanding debentures, including
interest, totaled S63 900, 900 on July
81, 1929, the master reported.
Under the reorganization program
Junior interests-holders of class A
and class B stock and common stock
would receive nothing. The mas
ter suggested that the court con-
slider the possibility of making some
provision for them.
Opposes Change.
Mr.. Gottlieb reported unfavorably
on a provision to convert Utilities
Power & Light from holding COM
pany into an investment company
saying that particular phase of the
plan was mot fair and equitable at
this time and should be revised"
He asserted conversion would be
undesirable because it would place
upon the S. E. c. and the court "the
burden of passing on financial and
economic problems which may he
appropriately decided at a later
date" 1t would also, he said, "un-
necessarily complicate the issues in
volved in reorganization"
A suit, filed under section 77B OF
the amended Federal Bankruptcy
Act, was brought against Utilities
Power & Light Corp. in 1886. Har-
ley L. Clarke, president, denied the
corporation was insolvent. The case
has been in the courts ever since
The transcript of testimony at the
numerous and lengthy hearings
filled % volumes.
Evening star., 1939-08-25
Federal Bond Holdings
Of Reserve Banks
Are Unchanged
Excess Reserves Show
$196, ,000,0 900 Climb
In Latest Week
By the Associated Press.

By the Associated Press.
Federal Reserve Bank holdings of
Government securities August %
were $2,423 ,00O, 900, unchanged from
the previous week, the Reserve
Board reported last night.
The statement showed that Gov
ernment bond holdings OF $911,-
100000, holdings of Treasury notes
of $1,176. 100000 and of Treasury
bills amounting to $685. $40, 900 all
were unchanged from the previous
week.
Member bank reserve balances in
creased s196, 900 900 during the week
and excess reserves were estimated
to be approximately s4,740 900, 900,
an increase of $150,00O, 900 for the
week.
The boards statement said:
During the week ended August
% member bank reserve balances
increased S196, 100000 Additions to
member bank reserves arose from
increases of $l66 900, 900 in gold stock
and 100000 in Treasury currency
and decreases of 100000 in
Treasury cash and $52,000,000 in
Treasury deposits with Federal Re-
serve Banks, offset in part by a
decrease of $12,000,O00 in Reserve
Bank credit and increases of $7,000,-
600 in money in circulation and
$39 900 900 in non-member deposits
and other Federal Reserve accounts.
Excess reserves of member banks
on August % were estimated to be
approximately $4,740 1000, 900, an in
crease of S150,000,0OO for the week. 4"
Changes in member bank reserve
balances and related items during
the week and the year ended August
%, 1899, were reported as follows:
Aug %, Aug 16. Aug. "A,
1899. 1899 1898
fIn millions of doIlorx
Evening star., 1939-08-25
Officials Plan Curb
On Price Fluctuations
In Case Of War
Protection for Farmer
And Consuming Public
Is Discussed

By the Associated Press.
Federal officials have drafted
plans to protect farmers and the
public from possible wild fuctua-
tions in farm prices and supplies in
case of war in Europe.
Top-ranking advisers of Secre-
tary Wallace have been debating
the possible effects of war at con-
fdenital conferences for many
weeks.
While reluctant to discuss their
conclusions, one farm planner con-
ceded yesterday that existing Fed
eral controls over speculative trad
ing in grains, cotton and other
products would be quickly tightened.
1t was understood that the neces-
sary orders already have been pre-
pared.
1t was reported, too, that in
event of war Congress would be
asked to give the Farm Administra-
ton further emergency powers and
additional funds
A European war, one aide to
Wallace said. undoubtedly would
knock into cooked hat2 present
plans for subsidizing wheat and
cotton exports.
Export Problem Weighed.
The question of the effect on
exports has been a major concern
of those engaging in the confer
ences.
In that connection they have
been studying charts on prices and
supplies OF wheat, cotton, hogs and
other farm products for the period
OF the World War. But they are
not certain this pattern would be
accurate, because of present farm
programs in this country, the neu-
trality law and changes in world
trade conditions.
Charts of the World War period
show that prices and exports of
major farm projects varied greatly
during the period of the war prior
to United States entrance. Cotton
prices dropped at first and then
climbed, while exports declined.
Prices of wheat, hogs and beef
moved upward for two years and
then began soaring.
Germany and Italy have reduced
purchases of American farm prod
ucts sharply in recent years. On
the other hand, England, France
and numerous smaller European
nations have been big customers
for wheat, cotton and other farm
products. Japan also has been an
important cotton buyer.
Surplus Considered.
Any curtailment of exports would
add to the surplus problem that
already has distressed Federal farm
officials. However, they said Gov
ernment loans on cotton, corn and
wheat would provide a shock alb
sorber for prices.
Most officials believe, however, that
some disruption of farm economy
would be inevitable.
Secretary Wallace recently sound
ed this warning:
"The cost of peace in world
at war, or in a world that is para
lyzed by fear of war, is very great.
Farmers, by reason of their indus
try and their markets, bear a large
share of the burden of the cost. -
Evening star., 1939-08-25
New Unit Completed
By Vega AirpIone
Special Dispatch to The Star.


BURBANK, Calf, Aug. 25.-As a
major step in its preparation for
quantity production of the Starliner
transport, the Vega Airplane Co. has
occupied new $4,000 assembly
hangar, it was announced today by
Mac Short, president of the COM
pany. The building adds 1880
square feet Of new floor area to the
manufacturing division of the COM
pany
President Short said work was
progressing satisfactorily on 10
planes which will be identical with
the prototype now undergoing pre-
liminary fight tests.
Upon approval of the prototype
by the Civil Aeronautics Authority
quantity production will be started
Immediately, he said The first 10
airplanes have been contracted for
sale to various airlines and individ-
uals In the United States and several
foreign countries.
Evening star., 1939-08-25
Eastern Cos & Fuel
Income Decreases
Special Dispatch to The Star.

NEW YORK, Aug. 25.-Eastern
Gas & Fuel Associates, Koppers
affiliate, reports for the IL months
ended July 81, 1899, total conson-
dated income of s8,480,818 available
for Federal taxes, depreciation and
depletion reserves, interest and divi-
dends.
This represents decrease of ST.
143 1893, compared with the same
period for 1888. After all charges,
the net income available for divi-
dends exclusive of inter-company
prof1ts) amounts to $425, ,010.
This is equal to $1.73 per share of
cumulative AZ per cent prior pref
erence stock.
Evening star., 1939-08-25
Boston Wool Market

BOSTON, Aug. 25 GP.-(United States
Department Of Agriculture) Trading in
wool was practically at q standstill on
the Boston market today.
Scattered purchases were being made
to piece-out stocks. but most OF these
WOOL. A limited quantity Of choice 12-
month Texas wool moved at around ~
cents, secured basis. while average lines
secured basis. Small quantities of spot
fine territory WOODS in origianl bags moved
occasionally at mostly 81 to 6S cents.
secured basis, for good French combing
length. and at "a to 66 cents, secured basis,
for average to short French combins
length.
Evening star., 1939-08-25
| Auto Production
Rises to 1855
limits in Week
BY the Associated Press,

DETROIT, Aug. 25.-Wards re-
ports today estimated the current
weeks output of the automobile
plants at 1885 units compared with
last weeks 1885. A year ago this
weeks assemblies numbered 18, 700
The report said a further increase
Is indicated for next week and that
"the likelihood lis that a steady
series of gains" may be anticipated
until late September when output
around 100000 a week is looked for.
Evening star., 1939-08-25
VIC. Chemical Corp.
Reports Higher Net
BY the Associated Press.

RICHMOND, Va, Aug. 25.-The
Virginia. Carolina Chemical Corp.
reported consolidated net income
for the fiscal year ended June 80
of $513, 3,798.22, after deducting $741,-
1925 for depreciation, depletion,
Federal and State income taxes and
undistributed profits.
The corporation reported its net
income for the previous fiscal year
was $404, ,861.57. Net sales for the
fiscal year just ended totaled $16,-
so3, 1852, compared with e16,7e2,377
Ia 1888.
Evening star., 1939-08-25
Three Connecticut Soldiers
Killed by Liqhtnino

PLATTSBURG, N. Y, Aug. Is up.
The second battle of Plattsburp
fought just $50 years after Colonial
troops made history on the shores
of Lake Champlain, ended today on
sodden, rain-drenched battlefield
with $4,000 National Guardsmen and
$4,000 Regulars locked in a blood
less, no-decision combat.
A thunderstorm which swept the
area late yesterday left dead in its
wake three Connecticut National
Guardsmen, members of the 43d
Division, who were struck by light
ming.
During the storm Pvt. Gerard
Fisher, Brooklyn, member of the
1920 Medical Regiment, dropped
dead of heart disease.
These deaths brought to eight the
number of fatalities connected with
the maneuvers.
Evening star., 1939-08-25
|New Securities
Show Decrease
|Durinq Week
By the Associated Press.


NEW YORK, Aug. 25.-Offerings
OF new securities during the week
ended yesterday declined to >S43,-
0l3,042 compared with $76,649 1893
the previous week and $123 1884, ,585
In the same period year ago, Poors
Publishing Co. reported today.
The demand for new capital re-
manned at low level for the third
successive week as refunding issues
accounted for 80 per cent of the
total.
Comparisons follow:
Municipal.
Last Week. Prev. Week. Year Ago.
ee'4T3,2oO Sl2,347,393 S17,664 0S5
Public Utility.
S33,0600o0 SIs,460,00O s92 $50, 900
Industrial.
---------- S30,OOO00O $4,000, 900
Railroad.
-------- S7,0O0.0OO
Miscellaneous.
---- S225O.OO0 S17s0O0
Stock
S4s9,792 S6,592 900 S3.142 500
Total.
s4s,o13.o42 s7e.64s,3ss s123 ,2a45s5
Evening star., 1939-08-25
Metal Market

NEW YORK Aug 25 R-Copper
steady. electrolytic spot. 1880 export
1850 nominal. Tin easy, spot and near
by. 4s:25; forward, Asp. Lead steady,
spot, New York. 5.05-10; East ST. Louis
4.9o. Zinc steady. East St. Louis spot
and forward, 4.75. Pig iron. aluminium
antimony. quicksilver platinum and Chi
nese wolframite UNCHANGED