Newspapers / The Johnstonian-Sun (Selma, N.C.) / March 10, 1932, edition 1 / Page 2
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- ‘V THE JOHNSTONIAN—SUN, SELMA, N. C. THURSDAY, MARCH 10, 19^2 News And Comment From W ashington Washinj;ton, D. C,,^ March 7.- That the Reconstruction Finance (Corporation is accomplishing- “that '.'.hereunto, it was sent” is made ap- jisrent by the widespread improve ment in the national banking and -if‘(iit structure as reported in the last monthly economic review of the Federal Reserve Board. “Stabil ization influences,” the Board de- vlares, “have received new impetus .hiring the past three weeks, hoard s'! money is returning to circulation in every Federal Reserve district, i-nd the financial situation is mark- i'lly improved in every way. A concrete example is afforded in the case of a bank which bor- nwed $1,000,000 from the Finance tAK-poration and repaid it five days later with the report that there had been a complete chang-e in the at- htude of its depositors making the seeping of the money no longer -,c(;essary. The old story of the de- r. ((itor who called at a bank and PiC'sented a check for the entire smount of his deposit and who V “"n the money was passed out to l.im, handed it back with the re mark; “If you’ve got it 1 don’t want it” being repeated every- ■i me. The .situation will be still “(rthor stabilized, of course, with the passage of the bill to broaden the base of Reserve hank discounts. Manifestly the Administration’s "iimpaign to loosen credits and stop t.iarding is getting results. country will amait the disclosures with keen interest. White the program for strength- • 'U-ng active banks is proceeding in '.iiis -satisfactory manner, progress , iso is being made in the -much -tore difficult task of obtaining sr-'eafer returns for creditors of na tional banks which have closed. An igency has been set up in New A'ork under the supervision of the ■’''‘mptroller of the Currency through which all securities other than pure- iy local issues which are held by •itional banks in the hands of re ■ rivers will be marketed in an or i-irly w'ay 1n such manner as to • ecure the greatest returns with the -■ast delay. Through this agency depositors in failed banks will suffe Jes- loss and secure quicker returns, both results tending to the earlier cc-sforation of normal conditions. the rapid approach of the i;»mpaign is being signalized the.se 'iays by reports of the election of A-k;gate.s to the Natnonal conven tions which come in almost daily rom various States. Without excep- thu.s far Republican, delegates -been" instructed for President Hoover in resolutions which warmly cr’inmend the Administration fot th: wise and statesman-like mcus- “T-'- that have been taken to meet i! economic emeigency. From all r.;'"tion.s of the country come assur- Jinte-. that the President's plans to TCCOSstruct and revitalize the N.i- fic.'U’s -financial and economic struct- are are meeting with warm ai)pro\- ii from tlm people and are rapidly 'csloiing business confidence. Ff- '‘Ctive evidence of this restored -/'-'(rfidence is found in the sharp de- in the number of bank tail- from the December level and i-i rh'' r:ipid restoration of hoarded rrH'iuey to circulation. Gontrihutuig siaberially to this last is the action s'.f the Treasury Department in is- tuvnr (rovernment bonds in small amoants. from $50 to' $.500 bearing 2 per cent interest. As the war in China grc-ws in extent and intensity it excites in creasing interest and concern in of ficial circles. In a letter to Senator Borah, chairman of the Senate For eign Relations Committee, Secreta ry of State Stimson disclosed the position this Government proposes to take. The Secretary made it very clear that in his judgment the ex isting situation would never have come about except through viola tion of the Nine Power Pact and other treaties and that this Govern ment cannot recognize “any situa tion, treaty or agreement entered into by the governments of China and Japan in violation of the cov enants of those treaties which af fected the rights of our Govern ment or its citizens in China.” Mr. Stimson’s letter is regarded as a very strong statement of the posi tion this Government should take and meets with general approval Nobody believes that the United States will allow itself to be drawn into the conflict under any consid eration, but that other means than war will be found to safeguard American rights is equally certain. There is an undeniable feeling that Japan has invaded China without provocatibn and there is sati.sfac- tion as well as surprise that the Chinese army has been able to show so strong resistance. That surprise, although not the satisfac tion, must be shared by the Jap- anse Government. Without doubt that Government believed that the force of -1,500 Marine.s which it or iginally sent to Shanghai would be sufficient to efiect its purpose. But this force has been multiplied many times until now close to 100,000 JaJianese troops have been enlisted on the expedition and are still una ble to dislodge the stubborn Chinese. It begins to look as if the Chinese had at last begun to learn how to fight. To the first 100 pcopi© $1.20 each we will send THE JOHNSTONIAN-SUN ONE YEAR AND THE SOUTHERN AGRICULTURIST THREE YEARS This applies to new or old subscribers alike. We only have a LIMITED NUMBER of subscriptions to the Southern Agriculturist to offer at this price, so act quickly if you want to get in on this offer. The Johnstonian-Sun, Selma, N. C. Spain Wants Much American Tobacco Selma Troop Boy Scouts Praised by Selma Citizen A FEW DOZEN EGGS WILL PAY up your subscription to the Johnstonian-Sun for a whole year. The Editor will allow you the top market price for same. IF Yor DO NOT H.WE THE money to ])ay on your subscription to the Johnstonian-Sun the Editor can use a bushci or two or good corn meal anc pU e you credit for same. K is well known that President i:f>£(ver has been deeply concerned for many months over the bear rsi-ds upon the stock exchanges and tfe’ boards of trade, believing that iUey are largely responsible for the mntirtaed low prices, not only of ^cr^iities but of grain and other wimnodities as well. He has held laany conferences with officials of 'it" exchanges and boards of trade, -mcleavDring to persuade them to idopt rules to put an end to un reasonable short selling. It begins t a^ipear, however, that he has ■,kVS by no- means satisfied with ■y-i- results of “moral suasion,” and :£■ begfnnihg to consider more dras- 'fjt measures. A few days ago he tailed’ in members of the Senate ■'.,;ildng committee and after the ,.',-,trjmence it was announced that mquiry would be heUf as a re- : t if which the country would be | ■r-M w;; just who is behind the re-i aeatew movements to knock down j ■-SC'Oitc and commodity price.-. (‘We ■ha-nf gie names,” announced one of »h*- $Teia;r,3r.s called into the White ilo'ije conference, “and we are go ing to let the country knovj just who have been deliberately taking tiif bloom off of every constructive -■isterprise for the last year.” The 'fenders for American tobacco for the account of the Compania Ar- rendataria Tobaccos (the Spanish government monopoly) are due oi‘ April 1, 1932, pccording to a report to the Department of Commerce from Commercial Attache C. L. Uiyengood, Madrid. Spain is . in the market for about 1-t.500,000 pound.-, of tobacco of the, Virginia, or Kentucky-Tennessee type, with (jualities and grades a- follows: Good leaf, 150 kilos; medium leaf, 250 kilos; common leaf, 250 kilos; good lugs, 1,500 kilos; medium lugs, 1,000 kilo.s; and common lugs. 3..500 kilos. Quotations must be in Spanish peseta.- per kilos net C. 1. F. San tander and Cadiz, the report stated,' Spain has been a consumer of American tobacco since the begin- n ng of our tobacco trade, accord ing to B, D. Hill, Chief of the To bacco Division of the Commerce De partment. , in 192 1 Spain purchased 34,371,- 923 pounds of American tobacco, of v^hich 31,103,^00 pounds were of the Dark Fired Kentucky-Tennessee type. Spain also purchased 2,500,- 000 pounds of stem and scrap to baccos. In 1925, the purchases to talled 15,000,000 pounds of Dark tobaccos, and 1,500,000 pounds of scrap. In the following year, 1926, only 1,500,000 pounds of tobacco were taken, increasing .to 21,000,000 pounds in 1929. Spain almost re tired from the American market in 1930, when only l,000,g00 pounds Were taken, while 1931 saw Spanish takings measured at 6,000,000 pounds. WILL SUBMIT MINORITY REPORT IN JONAS CASE Washington, March 2.—Senator, Schall (R. Minn.), obtained consent of the Senate today to submit a minority report on the nomination of Charles A. Jona.s as United States attorney for the Western Di.strict of North Carolina, which has been unafavorably reported from the Judiciary Committee. Six Durham farmers recently made a cooperative order of pecan trees for setting about over their farms. Farmers of Clay County have organized a county board of agri culture to make plans for better fanning in that county. To be a B(>y Scout, an actual member of the Boy Scouts of Ame'i- ica, is possibly the best thing that could happen to any boy.' To be a member, even though the degree of interest or activity while a member IS at its very lowest, the boy can not emerge from that organization 'A'ithout ab.-orhing some of the many good ideals it represents. The motto “Be Prepared” covers a scope-loo broad to be confined to Scouting alone, but these boys keep t ever before them. Dotng a good turn daily is just another way of practicing the oGlden Rule. Consider the Scout Oath. Every boy Who atfiUai.es himseli with Scouting- takes the oath and every boy who has the interest of the or ganization at heart is deeply sin- ■jere when he rejreat.- it- In case you are not familiar with that oath it is shown herewith: ‘’On my honor 1 will do my- btist: 1. To do my duty to God and my country, and to obey the Scout Law. 2. To help other people at all limes. 3. To keep myself physically strong, mentally awake, ami moral ly straight.” A reference is made to the Scout Law and this is shown herewith; “A Scout is truthworthy, loyal, helpful, friendly, courteous, kind, obedient, cheerful, thrifty, brave, clean, and reverent.” Make a personal analysis of your self, apply the three points of the_ -oath and the twelve points of the law. If this is representative of Scouting, can you afford not to of fer your co-operation for such a movement. We have a splendid group of Scouts in- Selma, our very- own boys. Let us make these boys realize that we are behind them and when their way is hard they may expect us to line u]) with them. The boys have a 'right to expect this from ns and we a.s patriotic citizens cannot refuse them. it would be time well spent if the people of our Town, knew more of the activities, objects and aims of this most worthy organization, .;o few people know just whht Scouting does for a boy. I makes him better as a boy and correspond ingly a better citizen as a man. Many a town in the State consid ers their Boy Scout Troop the mo.st valuable of all their civic organi- zattons, !)ecause of its success in shaping the plastic mind.s of the boys, and for their association with a clean ^lass of boys. j We seldom find a Boy Scout at | tile public loafing idaces of the 1 town in times of great disasters j such'as fire, storms, cyclones, floods, where the Red Cros.s is called upon, there you will ‘find the Boy Scouts doing valiant service in connection with this great life saving service and suifering relief organization. At the nresent time in the War in Shanghai, vve frecjuently see where the Boy Scouts of America are of , valuable aid. The Selma Troop is easily, or 1 should say Iiy courage and pers,'- veiance worked itself near the top inefficiency among the other troops of the Tuscarora Councils of which they are members. At a recent con test in Smithfield with the other Troops of the County, they only missed being winners of the very h'ghest award, by a very narrow margin. This Troop of 29 boys I physically compares well with any 1 of the other troops, but through lack of uniforms, they did not show to as good advantage as others who v-ere less skilled. It would be a most worthy thing of the people as individuals, or some of the old er civic organizations would assist these boys in getting fitted with standard uniforms, which would probably .not cost over $5.00 per boy. These boys are taught unself ishness, and to think of others, and in School he is usually found to- be a strong supporter of the faculty, and at all times a most worthy as set to the citizenship of tha town ■in which he lives. Respectfully, A CITIZEN. Cash Paid For Live Poultry Will pay Gash for your Chickens at Truck IN SELMA Saturday, March 12 From 9 A. M. To 3 P. M. At Rear of A. V. Driver Co. Store Prices to be paid are as follows: Plymoth Rock Hens, lb.: — 14c Colored Hens, lb. . 13c Leghorns, lb. lie, Roosters, lb. 6c Geese — — - 7c lb. Ducks, lb. 7c Turkeys, No. 1 16c Turkeys No. 2 14c CAROLINA POULTRY CO. By S. M. WHELESS Angier and Lillington, N. C. Storm May Have Hurt Fruit of Southwest Kansas City, March 8.—Damage to the early fruit crop in the south- we.st was feared today as result of freezing weather of the last few day.s. A. R. Duncan, of the Oklahoma department 'of agriculture estimated the loss in that state might reach $750,000, Peach trees in the Ozark region of Missouri and Arkansas were nipped. Little dama,ge to Kansas crp]* was expected by S. D. Flora, fed eral meteorologist at Topeka, but he said the freezing weather which extended into ■ Arkansas probably would work havoc with the sputh ern peach crop. ■ ■ A ■' EASTER EXCURSION Southern Railway System ONE FARE PLUS $1.00 ROUND TRIP BETWEEN ALL POINTS IN SOUTHEAST " Including: ’ Washington, Cincinnati, S>t. Louis, Memphis, New Orleans, Atlanta, Birmingham, Vicksburg and Intermediate Points Dates of Sale: March 23, 24, 2.7, 26. Final Return Limit L5 Days. Consult Ticket Agents, or Address F. H. POSTON, Division Passenger Agent 301-5 Lawyers Building Phone 621 Raleigh, N. C. Phone 621
The Johnstonian-Sun (Selma, N.C.)
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March 10, 1932, edition 1
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