The Camden chronicle. (Camden, S.C.) 1888-1981, May 22, 1942, Page PAGE TWO, Image 2
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HAIGLAR ? Monday and Tuesday
Shemp Howard (L), Richard Lane* Baby Michael
Barnitz and Brod Crawford in Universal'? cinema
adaptation of Damon Runyon'i "Butah Minds the
Baby". *
"BUTCH MINDS THE BABY"
RATED TOPS
A new baby Htur has arisen on Hollywood's
horizon to add his name to
the list started by Jackie Coogun
and continuing down the years to
Baby Sundy.
The newest infant uctor is Baby
Harold Michael Bnrnltz, a thlrteeni^ionths-old,
apple-cheeked youngster 1
who makes his screen bow to the
public in Universale "Hutch Minds
the Baby", which also features Virginia
Bruce, Brod Crawford, Dick
l?Y>ran, Porter Hall und Shemp Howard.
Director Albert S. Rogell, who di-,
rects the picture, calls Baby Mike \
"one in a million" and predicts a
brilliant screen future for him.
"Butch Minds the Baby", based on
an original magazine story by Damon
Ilunyon, comes Monday to the
Halglar Theatre. It Is the tale or a
hardened, but sentimental safe-cracker
who meets the baby under unusual
circumstances. "Butch", the safe-cracker,
is a "three-time loser", that Is,
he has been convicted three times,
and one more offense will send him
"up the river" for life. Despite this
risk, "Butch" pulls one last Job, hut
finds himself In the undignified position
of having to take the baby nlong
with him on the safe-cracking expedition.
The story of "Butch", said to be
Runyon's favorite character, contains
the same hurd-boiled human interest
elements which made "Little Miss
Marker" such a screen success."
The screen play for "Butch Minds
the Baby" was penned by Leonard
BpiKelKRHs. Woody Bredell was the
cinemato^rapher and the picture was
produced by Mayfair. ?
I
Mrs. Doby Young
Dies At Cassatt
Cassatt, May 18. ? Mrs. Carrlo
Elizabeth Young. 50, widow of Doby
Young, died suddenly at her residence
at 8:30 Sunday evening.
She was a member of the Heaver
Dam Haptlst church where funeral
services were conducted at 11 o'clock
Tuesday morning by the Rev. Mr.
Rabon. Interment was In the church
cemetery.
Surviving are three bous, J. D.
Young and Benton Young of Cassatt*
and Buford A. Young, of Anniston,
Ala.; one daughter, Annie Bell Young;
her father, J. D. Gardner, and one
brother, J. B. Gardner, of Cassatt.
A Good Suggestion
Sugar Is sweet?and Bcarce. A good
way to conserve your half pound per
week Is to use a smaller spoon.
When you go a-vlsltlng take your
little cup along. And when friends or
relatives write they are coming for a
visit advise them to bring along their
own sweetenln'.?Clinton Chronicle
' I
Outlook For |
Utility Companies I
SjmicIaI to The Chronicle
(Ily Roger Hahson)
Hahson l'ark, Mass., May 22.~Puo"
to the war, we have lost sight of
many activities of the New Deal.
Among these la the "death sentence"
provision of the Holding Company
Act. In its recent* annual report . to
congress, the SRC stated that thero
would he no moratorium on the
"dea/li sentence" because of the war.
Hence, utility holding companies
may continue to he liquidated. Among
the moat orderly of theae break-ups
Is that which bus been taking place
for some lime In the North American
system. This was one of the first
great holding companies to bow to the
SEC. Stockholders will undoubtedly
receive far more In liquidation than
the currently quoted price for this
stock.
Holding Company Troubles
The gross Income of most untllity
holding companies Is better thun
ever. They are really suffering from
high earnings which spell higher
taxes. Hence, gross is up; but net
is off. Operating units of holding
companies have in many Instances .
during the past year been called upon
by the government to expand
their systems and up their generating
capacity for the expanding war
program. This has entailed considerable
new construction at high costs, i
Holding companies have, hence, been
obliged to go to the banks to provide
funds for their subsidiary companies. |
The majority of the utility holding
companies have become reconciled
to the Holding Company Act and are
willing to break up. It must be remeiribered,
however^ that there are
outstanding In the hands of the public
huge amounts of bonds which i
must be taken care of In some way. i
Due to the SEC requirements It has
been particularly difficult for several
past years for these companies to i
carry on any refunding operations. ,
This situation Is now worse than
ever due to the necessity of keeping
the banking public market open for
such new financing and refunding operations
as becomes necessary for
V. S. Treasury requirements. .. ,
Tax Situation Eased by Utilities .
There is many a city throughout i
the country In which property owners
think they pay almost no muni- i
cipal tax due to city-owned utlitles. i
However, while the property owners i
in these localities may not get much
of a tax bill from the municipal author
i lies, they are paying taxes just j
the same. Such taxes are buried in i
the hills they receive for electric <
power, gas and other municipal 3er- i
vices through the relatively high <
rates they are baying therefor. In ]
;ho majority of instances it would <
probably be cheuper for such cities i
to buy their Juice from outside prl- <
k ate utilities, have it delivered to '
i central switchboard, and distributed t
:>ver city and town-owned lines. This 1
is true in my home town where resi- J
Jents enjoy some of the lowest light 1
ind powers-bills In the country. I
To aid utility holding and operat- t
Ing companies now suffering from 1
high taxes, I believe that legislation i
ihould be passed to allow these com- 1
panies rate Increases to cover their
tax bill. A customer might get a $6 i
utility bill a month with u seperate i
item thereon of $2 for taxes. In this i
way the government could use the '
utilities as tax collectors in a fair <
and above-board manner. If the utll- 1
Ity companies would voluntarily i
change their methods of billing or i
If they were provided with rate In- t
creases to take care of a portion of f
their taxes, both investors and consumers
would be treated more fairly.
Today the utilities are being treated (
like a tax collector who might be
compelled to pay all taxes out of
his own pocket Instead of being permitted
to collect them!
Relationship of 8EC
One thing more. I hear much com- .
plaint that the SEC is hurting investors
by forcing the holding companies
to dissolve. Let me say from
personal experience that the SEC is
working hard to protect all legitimate
Investors. If the stockholders
of the utility companies will folio*
cheerfully the suggestions of the commission
as to swapping securities
and purchasing the operating com
panies' shares, they need suffer no
shrinkage in any actual values they
ever had. #
I am decidedly bullish on most utility
operating companies' preferred and
some holding company preferreds. Ordinarily
I do not like preferred stocks.
They are a hybrid type of security
and generally speaking I was brought
up to avoid them. Ordinarily, from
an investment point of view, I would
prefer a first mortgage bond having a
distinct claim upon the assets of a
company or else a common stock
having voting power and a real'chance
for profit. Today, however, all tho
stocks of well managed utility operating
companies seem to have discounted
the worst.
Good News Ahead
- I- have already referred to the remarks
of Edward Eicher, former
chairman of the SEC, that war renditions
would not be allowed to delay
the execution of the ''death sentence"
af the Holding Company Act. Recently,
however, Edmund Burke, Jr., a
distinguished member of the commisjion,
told the New York Savings Bank
inference it is unlikely that the SEC
will require or even permit widespread
sales by holding companies
which will harm legitimate investors.
Prom the very first I have had confidence
in the SEC and believe that
hose who cheerfully follow their instructions
will get on O. K., provided
fhey subscribe to their proportional
Interest in the properties that have
seen separated.
For a while I was troubled by the
possible effect of Inflation on the
itilitles. Ordinarily, they and the rail*oads
would be the worst sufferers,
ifet the New Deal crowd now is rendering
the utilities a real protec:lon
against inflation. Washington is
making a serious effort to help the
jtillties keep down costs. Hence, the
ltillty cloud is really developing a
illver lining!
The most valuable pearls are proluced
in tropical waters.
Lights Along The
Coast Restricted
Atlanta, May 15. ? Maj. General
William Dryden, commander of tho
Fourth Corps Area, today issued orders
barring or ree<rk>U*4 use of lights
along the North Carolina, South Carolina,
Georgia and Florida (-ousts.
The general dimming of coastal
area lights is similar to that in effect
elsewhere along the Kastern seaboard
nnd Is designed to prevent possible
sllhouetlng of ships at sea to
the advantage of enemy submarines.
For the purpose of preventing sllhoueting
of friendly shipping to tho
advantage of enemy submarines and
pursuant to instructions from tho
commanding general, Eastern defense
command and First Army, the following
lighting restrictions for that portion
of the Fourth Cosps area included
within the boundaries of the
Kastern defense command, which includes
the states of North Carolina,
South Carolina, Georgia, and that
portion of Florida east of the Appulachlcola
river, are established and
made effective this date.
1. General t
These restrictions are applicable toJ
all lighting for a distance of ten miles
inland from the coust line, and for
ail city lighting, in communities of
5,000 or more Inhabitants within a
distance ot 30 miles inland from tho
coast line which have objectionable
loom as ^determined by Inspection
from the sea.
The following types of lighting are
prohibited within the area designated
Paragraph 1 above:'
A. Illuminated signs?neon or other.
B. Flood lights on towers or otherwise
illuminating buildings or monuments.
C. Bright illumination at such places
as baseball games, football games,
race tracks, public tennis courts and
other such places of amusement.
D. Exterior lighting, except street
lights, within 500 yards of the coast
line.
E. Bonfires and all other form of
lighting on beaches.
3. Restricted lighting.
1 ;
Colonel John Wall
Buddy of Wainright
^
The rocuut heroic exploit ot Oenera)
J. M. Walnwright, who succeeded
General Douglas MacArthur lu
tlie defense of Hataan and later Corregidor
brings to mind many interesting
memories of by gone days to
Colonel John F. Wall of- this city,
who was a buddy of Wainwrights
back in 1913 when the two of tl\em
were members of the First Cavalry
stationed at llolse liar racks in Idaho
and later at Monterey, California.
The present General Walnwright
was then a llrst lieutenant while Colonel
Wall wore the bars of the second
lieutenancy.
Among the?souvenirs at the Wall
hdrfie on Broafl'fetreet a reporter found
a scrup book containing items of interest
around 1913. On one of the
pages was a picture of a polo team
from the First Cavalry and listed on
that team were four lieutenants, one
being lieutenant Wall and. another
lieutenant Walnwright. The picture
was taken from a page of the Army
and Navy Journal under date of September
20, 1913.
The story that went with the polo
picture concerned the series of polo
gamhs played between the 3rd squadron,
First Cavalry's team und a team
representing San Maieo, California.
The game was played on the Del
Monte polo field. The first game went
to the Cavalry 3 to 2 and the second
was won by the same team 5 to 1.
The San Francisco Chronicle in
speaking of the second game said:
"The dash and strategy of the officers
would have made them victors
in any polo game. Lieutenants Haverkamp
and Walnwright played together
like a pair of brothers. After
taking the ball down to their enemy's .
goal line time after time they would
hold off their opponents whllq Lieutenant
J. F. Wall pranced up and
sent the ball between the posts."
In the first game Wall scored four
goals but lost credit for one half .
a goal by being penalized, so his
official total was 3 1-2 goals. Walnwright
made one In that game. In
the second game Wall made three
and Walnwright one. A third game
found Wall and Walnwright together
again but a team known as the Stingers
defeated them. A fourth game
in the tournament found them again
together and this time they were
winners over a Chronicle team.
Colonel Wall, who is now with
the army headquarters at Washing'
ton, remembers General Walnwright
as a man of rare military attainments.
That he rose to the high command
he occupied at Corregidor was no i
surprise to the Camden officer. "He
had what it takes," said Colonel Wall..)
I
A portrait of General MacAr^^B J
with his promise of 'TU ^ *
Best" serves as tire key
war production drive program jul
gurated by Fisher Body.
across the poster is the
every worker on the productioe^^B"to
the man at the battle lin^^^Hh
Too, Mac." This poster haTj^Hl a
erected as a permanent displn^^Byc
all Fisher Body plants.
?i
BEER UCEN8E REVOKED B
IN KERSHAW COl^Ht"
The beer license of a Ket^^ftn;
county establishment was revoh^^H f
the state tax commission reeq^H 1
according to official figures
commission through May 15.
The* commission had revoktl^^B>l
beer and 19 wine licenses up ti^^Btt
time and the total for Kershaw
ty was put at one beer Uceuis^^K
In the same period of time, tfcfl
mission has rejected the liceig^^B1*
plication^tor 80 Jtreer and 46
mits throughout the state. In
county, no applications wers r<jj^^Bp
The commission also annon^^A .
that it had, suspended 9 beer jfl
wine licenses In seven countiesifl
pended license may be revived
commission's discretion but t nfl
ed license means that the holder
not get another one for at leqi^^B.
^ c
The commission has called
sheriffs and other local law ulfl
ment officers to assist it in d^^B)
lng the new control program.
to passage by the legislature in
of an act giving the commlfl?k?^^B
ditlonal powers, it had little fttOll
ty to control beer and wine outh^^B
It Is better to keep your
trifle overinflated than underioftfl
However,-^ keep the pressure fl
enough so that the car itself iU
have to absorb most of the shljM
The volume of spending duriij?
cent months has been held iftd^^B*
by consumer resistance to n^^B<
prices.
GET THE "HAIGLAR HABIT' .AND
FOLLOW THE CROWDS! THE BEST BUY IN TOWN!
Damon Runyon's , 4/jt*
V%. best and fun- ,
4* MM#
- XW/MS
/$utch Minds /
^ theUaiy I
Monday - Tuesday:
i
VIRGINIA BRUCE
f BROD CRAWFORD /
/ DICK FORAN
J Porter HAIL Shemp HOWARD /
L RkhorJ LANC Fray KNIGHT /
TONITE: "The Remarkable Andrew" with Brian Donlery
j HAIGLAR
To Aid Warlhyk
Help Them Cleanse the Blood
| of Harmful Body Waste
Your kidneys are constantly Altering
waste matter from tha blood stream. But
kidneys sometimes lag in their work?do
not act as Nature intended?fail to remove.
Impurities that. If retained, may
poison the system and a (met the whole
body machinery.
Symptoms may be nagging backache,
persistent headache, attacks of diastases,
getting up nights, swelling, psfWnaea
under the eyes?s feeling of nervous
anxiety and loss of pen and strength.
Other eigne of kidney or bladder disorder
are sometimes burning, scanty or
too frequent urination.
There should be no doubt that prompt
treatment is wiser than neglect. Use
Dose's PUU. Doom's hero boss winning
new friends for moro then forty yssrs.
They hsve a nation-wide reputation.
Are recommended by grateful people the
country over. Ask pessr sofgklirf
TOO MANY PEOPLE
WANT THIS SEAT
ON WEEK-ENDS -
\\i There's Mere Room en Mondafi 1
t4. Tuesday, Wedneeday, Theredtt M
Greyhound is making every effort to atftch |t? 1
hold all the travelers who want to take trips on ^
ends?but you can help us ease the ?>^rhf? *
all, don't do unnecessary traveling just
you do travel, go on a mid-week day if ^ ^ -t!
the way to make each bus seat work full time. jof
seat-space for men in uniform (ihere*s a reduced ra -J
them now!) and for war workers on week-ends- ' a
the only time they can travel. Qet information *nu |
well in advance, too?and avoid delay at deparrui ^ 1
And by all means buy War Stamps and iBonds Wi . j
money you save on Greyhound trips! ' ? x J 1
i_?^ bostowihal J
PHONE 24. CAMDEN,* 1
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