Newspapers / Watauga Democrat (Boone, N.C.) / June 15, 1933, edition 1 / Page 2
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TWO The Week in W a?hi iifiton O > { (Special Correspondence.) Washington, June 12.?'The real test of the Roosevelt mlipies will come after Congress has adjourned ar.d has gone home and the President, wltli unexampled power of experiment and unlimited freedom of action, gets under way with the "New Deal.'' So far about all that has been done to *. r. up the new machinery. IJt- j tie of it lias as yet started to work, i The definite improvement in business ! and industry all over the country .s | still largely due to an improvement in the morale of the public. The one positive action of the Administration which has brought results thus far is the suspension of gold payments, which has had a marked effect upon prices, first in foreign trerie and now gradually being reflected in domestic commerce. The tendency here is to suggest that if one single positive act, coupled with the mere promise of others can lift prices, what may not happen when the whole Roosevelt program gets mtu action? Aiming at Higer Prices The definite aim of the administra tiou is to raise commodity prices. Just which of the many powers granted to the President will be the ones which will do the most good, nobody tries to guess. It seems certain that there will be some sort of socalled inflation of the dollar, having for its purpose the raising of prices but which method of inflation will be adopted the President himself does net know yet. Much will depend upon the outcome of the World Economic Conference which met in London on June 12th. There is a possibility of such a farreaching international agreement on money and prices that it will not be necessary for any nation, at least not for the United .States, to do anything else to bring about the restoration of the price level to where it was, say, I 1926. But the whole conference is so J complicated with Europe's internal disagreements on the question of dis-! armament, and with the growing in-1 science of our European debtors, that* we forgive them thefr debts before j they will piay with us. that Washing- i ton is not really expecting much out of the conference. Equipped Either Way \Tnnv nf mniiprsrv hriirpiv u-hifh the President askeu 01 Congress and received, had the amiM* purposes-OlL being- good weapons to use in the economic battle m Londuu Ar^, if v*e feAl to win there, eery useful tools for a nation which decides to go it alone, regardless of what the rest of the world does. And that is the real expectations among those on the inside: that the United States will Work out its own program of rehabilitation, by controlling production both in agriculture anp industry* so that wo shall not be dependent upon foreign countries to buy our surplus, since there wont be any surplus to export. The first actual step toward inflation of the currency was taken a couple of weeks ago when the Federal reserve banks began tc buy Government bonds with the new currency- The Fed eral Reserve is authorised to buy up to three thousand million dollars of outstanding bonds and to pay for them in new money which is not based on gold but upon tho Governments unsupported promise to pay. As tliis is written, about $25,000,000 of the new money has been issued. Taking these bonds out of banks, where they continue a frozen asset, and giving the banks instead of tliem, bright new notes which can be used for money, is one way of liquidating the banking situation. Gold Dolhn- Valine There has been a great deal of talk about the possible devaluation of the gold dollar. The President is authorized to reduce the amount of gold in the dollar by as much as one-half. That is not saying that he intends to do that. Power and intent are two different things. But some of those on the inside believe that there will ne no use of the power until and unless the price level reaches a point at which it seems desirable to stabilize It, and that then may be done by a i declaration by the President devaliia-! ting the dollar permanently. There ?je two ways of looking at i higher prices, Mr. Roosoveit's friends i>oint out. One is to call it higher commodity prices, the other is to talk of cheaper dollars. Just now the dollar is dearer than it has been for more than twenty years. That is ju3t another way of saying that prices are so low that nobody can make a reasonable profit in producing and selling -T-". Admininor that a cheap dollar raises the cost of living, its advocates point out that the dear dollar closes factories and leaves farmers with no ^ui^iua w D^riiu, tWU Ultfy Lllliit. preferable to have men employed and purchasing power of producers restored than to have millions out of work with no dollars wherewith to take advantage of the low prices. Money In Commodities >Tc\v Reports from all the financial centers and the banks are that, in anticipation of the dollar going cheaper, men and institutions with money in hand in considerable amounts are trying to protect themselves by putting their money in commodities or securi Two Extremes irj Im jf j ^ Above is Wfjntertliur Ganne, a 7 DuPont ol* Winterthur, Del. who has 1,004.12 pounds of butter fat in one v< exceeding the former world record by pounds of milk. Below: A new anin developed by the Canadian governmc buffalo s?? they may better stand th and the hide and coat superior to tin Lees-McRae Expansioi Banner Elk.?The trustees of the t Edgar Tufts Memorial Association, at j their annual meeting here Thursday, 5 voted a million and a half dollar pro- I gram of expansion, "to more ade- I quatelv meet the growing opportuni- j i ties.'' The Edgar Tufts Memorial As- ( sociation includes Eecs-McRae College. Grace Hospital and Grandfather i Orphans Home. j The trustees' resolution follows: "Resolved: That after reviewing the achievements of the institution of the j past, and its needs for the future, a program of expansion be adopted. * "That this program consist of a very definite plan for the raising of one million dollars' endowment and ^ one-half million dollars for additional buildings and equipment, this endow- ' mcnt to provide ,V| ndemmte income . for the Lecs-McRae College, Grace Hospital and Grandfather urpnans .Hnmie departments. and the one-half , million dollars to provide (a) permanent urperooi dormitories'- for the boys' department; (b) clinic build ing and nurses' home for the hospital department; fc) replacement of all frame buildings at orphanage by per- } manent fireproof structures of live , cottage type; (d) additional equip- 1 men I in the wa> i>f eentr.il heating; j plant, auxiliary power plant, auxili- ^ ary water plant, and modern dafry. In keeping with the progress of ^ the institution in all departments, the ^ provisions as above outlined are ^ dc-emed necessary that the institution be enabled to more adequately meet t the growing opportunities." Program Outlined ( Edgai* Tufts, president of the As- j aociation, outlined in detail the need l for the miliion-dollar endowment and the half-miliion-doilar capital outlay. "Each department, college, orphanage and hospital, has grown tremendous- , ly right on through the depression. ( LeesrHcRae College has twenty per ( cent, more students than last year, and the same size faculty of years ago. with the same limited physical equipment; Grace Hospital, although last spring its new building doubled j its capacity, has still the same stuff ' of only two doctors: while Grandfa- < ther Orphans Home is sorely in need 1! of better buildings, repairs to those j i it now has. and some permanent |< means of support. The orphanage is' 1 always full to capacity, and even with the aid of the Duke Endowment, ] which also aids the hospital, it bare- { ly manages to exist from year to year." The half-million dollars to be 3 sought for capital outlay wfft be spent : as follows: For the college, a new boys' dormitory, replacing the pres- ' ent overcrowded wooden structure, to 1 come $75,000; an administration bull- j ding, to Include an auditorium, class * rooms, administrative offices, instruc- j J J ties which tend to increase in dollar 4 value, instead of keeping their funds 1 in dollars. If a dollar is going to buy 1 only half as much six months from now, the man who has a dollar today and hangs on to it is going to be worth only half as much. But if cop- 1 per or cotton or silver or jshares in 1 companies producing conuuuGiLica are f likely to go up, then the dollar in-J vested now may be worth two of the i1 future cheap dollars, and the investor \ will come out even in the long run. j There is great assurance that the |] process of inflation will not be a run- j5 away, in tne appointment of Profess- 1 or O. M. W. Sprague of Harvard to the post of Adviser to the Treasury. Prof. Sprague has been for several ' years the economic adviser to the 1 Bank of England, although he is an 1 American. He knows just how far in- 1 flation can go safely and brings a 1 valuable experience to bear on Amer- 1 ica's financial problems. c WATAUGA DEMOCRAT EVE proving the Breeds year o!d llotltcin owned by U. P. just set a now record by producing ear on a strictly twice a day milking, 145.8 pounds. She produced ?3.4-14.0 nal called '' cattle' * which is being; nt by crossing domestic cattle with t2 severe- winters. Its meat is tasty domestic, it is said. : Adopts a Progran or3' officsc, adequate science labo itories and a gymnasium, to co 5100.000; five faculty homes, at Si >00 each; a home economics practii louse and laboratory, to cost $4,00 and a library building, to cost $2C 300. At present the college is withe liost of these facilities, even in a ter >orary form. Orphanage Needs For the orphanage, there a Claimed a modern cottage for old jirls, ant! one for oidc-r boys, repla ug the present inadqeuate structure m administration building to provh lining hail, kitchen, offices, recre Lion facilities, and assembly hall; permanent cottage for smaller bo and girls, ranging in age from fo to seven years' a small querents: cottage, where children can be ke upon entrance for observation herb ? M.VASU W1U1 JJVU group, and to be used also as an 1 urinary; and enough equipment i a program of manual training f both boys and girls. Also planned f immediate action are urgently need repairs on present frame buildings, ? improved heating and water systei Mid the beautification of grounds i landscaping, walks arid uitVca. Ti total cost will be $75,000. Leading orphanage officials iro he Duke Endowment and the Gou Foundation of New York, have sa that Grandfather Orphans Hon?vitb its eight houses arranged in quadrangle under the shadows of tl Beech, Sugar, Hanging Rock ai Grandfather Mountains, and just b low the new fifteen-acre lake nc jnder construction for storage pu noses, has marvelous possibilities fie\ elopmeut. Capital outlay for Grace Hjospii will include a nurses' home, at a co >f $20,000, and doctors* homes at .lost or" S 10,000. Self-Susfcaining Projects For the self-sustaining projects ai industries of the Association, wni4, give employment to boys and gi* sarning an education, and have intr iuced industries to tliis section of tl mountains, the following equipment needed: a modern dairv barn- SS5wV i cannery and cold storage plant fi processing foods, $5,000; a centr heating plant and auxiliary pow plant, S20.000. Improvement of tl grounds, walks, roads, shrubbery a> landscaping is set down for $5,0*] Tlie Association property, incluuu lakes, river, virgin forests, farms ai pastures, including 1.000 acres The million - dollar endowme ?ought for the association will lis wise be divide.! among all three d p&rtiuents. The income will go to tl support of eight instructors' chairs Lees-McRae College, for which $2( 500 is needed; a yearly operating fui if $10,000 for Grandfather Orphar Home, to supplement gifts and ca Cor an increasing population; apd yearly income of $20,000 for Gra Hospital, to supplement its chart work and to add to the medical staJ including an instructor's chair for tl nurses' training school. The present enrollment of the Lee McRae College is 227. There are ; children at the orphans' home, and tl hospital, with a capacity of six beds, is always full. Grace Hospit 3 the largest hospital in America i town of Banner Elks' size and serving nine mountain counties. Work Begun in 1900 The three institutions, the outcon if work begun here in 1900 by ti ate Rev. Edgar H. Tufts, are inte ocking and self-sustaining to an u lsual degree. A Dumber of boys ai rirls after leaving the orphans hon work their way through Lees-McRi ollege, some continuing each year a :p_v THURSDAY?BOONE. N. C. i . | Raleigh News i . ? Letter ! __ Hf In. ti* XJIIXSAGAH Special Writer for The Democrat In fully 20 North Carolina countie; reports have been circulated free!; that county welfare superintendent were getting a " rake off" of Fedcra funds distributed through the Gover rsor's Office of Roliot* by takinjr a lev cents of every dollar. Invariably Ih reports are almost identical in over county: that a worker expecting S would get 75 cents, raise a kick am get told that was all he would get The worker could turn out to be i Federal secret service man and woul< show his badge, thus catching the wel fare worker redhanded, according t? Ronald Wilson, acting relief director None of the reports are true and Mrs W. T. Boat, state welfare commission cr. issued a statement showing tha that the welfare officer never eve touches the money, which is sent t the county treasurer and paid out o order of the welfare officer, approve by the county accountant, on chec issued by the sheriff. Mr. Wilson say it may conic about because city work ers are paid $1 and rural workers 7 cents, due to the difference in livin: costs. Pictures of the seven State la bo j officials are to be put in the office c j Commissioner of Labor A. L. Fletehc ?if all can be secured, and all but tw have been promised. position \va g established as the Bureau of Labor i 1887 and Wesley M. Jones, late lax partner of Senator J. W. Bailey, wa the first official. Others to occupy th r_ post were John C. Scarborough, Che st wan College president, 1889-92; Ber jarnin R. Lacy 1893-96 and 1399-190C J. Y. Hamrick. Rutherford 1897-95 q- H. B. Varner, Lexington, 1901-8; ) jli. Shipman, 1909-24; F. D. Grist, 1921 132. and now Major Fletcher. The print ut' placed in the name about 1911 tl_' was dropped by the 1931 General A<. | sembly. j Governor Ehringhaus relates tha ro(0!ie man, calling on him, said he di cr j not want much from him, just th c' appointment as Secretary of the > "s: C Railroad Co. "It might interest yo dc the Governor replied, "to know air. j there have been more application a |for that job than any other I have t ys j appoint." D. F. Giles, Marion, imp ur[hohln the job from the Gardner ac "<s j liuiiiotvatlun. Wiley G. Earn4; !of Uie Raleigh city court, held it nr rc j dor Governor McLean: u s a pan-urn Grli^iv with fair remuneration and rai n" j road passes. Ehhsb or or Tyre Taylor, who assumed his 58 500 a year job in Washington Monda ln as a division attorney for the Kecor struclion Finance Cori>oration, sal Oy before leaving that he plans to rt |.a sign as President of the Young Den ocratic CSubs of America after he ea ,m confer with National Democrat! It; Chairman Jair.es A. Farley, and th: jg his successor will be probably cleete ie at the national convention of the 01 a ganizalion in Kansas City August 3 and 31 and September 1. l(j Mr. Taylor organized and was tb e. president of the Young Democrats t iW North Carolina in 3930 and in 193 r. organized and headed the national oi Jr ganization. That body was in elos accord with the national orgauizatio ai Jouctt Shouse and later Chairma s- Farley, and is credited with effectiv a political work. Mr. Taylor made plan to keep the North Caroline '.'en-Yea Plan alive and active in efforts to rt ,d ;h student nurses at Grace Hospital; Is game farm where ruffed grouse, wil 0- turkey, quail, and other game bird le are raised; a poultry farm, a nut is sery, flour mills, carpenter shop; a; farms and a dairy are among the if t>r dusfries operated by students. Eac al year one-fourth of the student bod er is given work in Pinnacle Inn, owne 1C and operated by the college. Th id meeting of the trustees marked th 0, formal opening of the inn for th ip summer. id Raising of the million-dollar endow I ment fund for the Association and th in. _ half-million dollars capital improvi e- j ment fund will be begun at once, M e-! Tufts said. The effect of each in - - 1 provement in its turn, he said, wi in ' be not only the improvement of eac )_. separate function ?the care of chi id dren at the orphanage, the educf is- tion and practical training of boj re and girls at the lowest possible cos a and the healing of the sick at tl ce hospital?but will mean a strcngthei ty ing of the entire association as a un fft and the opening of unlimited poss t,e bilities for Christian service, and f< E its all-round study and improvemer g. of life in the mountains. 55 The board of trustees ot the Ass< 5e ciation consists of Dr. Frazer Hoc ty of Davidson College, chairman; Cha ai A. Cannon, Concord, N. C.; Emei m Flinn, "ov.r York City; Sam R. Sell ig Johnson City, Tenn.; J. H. Eteall, < ucuuu, 11. u; n. w. King, Bristc Tenn.; J. O. Summers, Johnson Cit; ie Dr. E. D. Brown, SLatesville, N. C le the Rev. A. A. McLean, Lenoir; Oe r. W. Hall, Hickory, N. C.; H. A. Roi n- zer, Salisbury, IJ. C.; F. H. Stinsoi id Banner Elk, N. C.; Dr. F. H. Thomj ie =?n. Bristol, Tenn.; Dr. Rossell < ie Long, Greenwood, S. C.; and Dr. Rol a ert King, of Johnson City. 1 jl. In Salesgirl Ranks j -oi 1 Anna Curtis Dail, daughter of |r' J President and Mrs. Boosorr.lt, joined ; S the ranjes of salss girls last vroeh. u o eelllng frocks In a N. T. department ~ store tot the benefit of a children's : ? , charity. j r j;;! hnhilitate the state. That too, is his ,' n ... v. .. ' !? o hab>'' 15 I n The State Corporation Commission i ^ ^ has granted the Winston-Salem South Bound Railway Co. the right to rc " move its one rouid-trip passenger train from Winston-Salem to Wades? boro under the 1933 law which al^ lows the coxiimissiou to order removal a cf passenger trains if there is no public convenience or necessity involved. ^ But it continued indefinitely the pcti- jr ' tion of the Atlantic and Yadkin Rail-ic T ... I- n roaci to be permitted to remove its daily round-trip train. Senator Rob- J' s ert R. Reynolds: and Congrc???mnn n Walter Lambeth asked that the hear- 0 ing be continued, on the ground that jj s pending Federal legislation might give . e the relief sought. Earlier petitions by 1 both roads were denied on the ground 3 that the commission did not have Ibe . ' authority which was granted by the 1 ^ 1033 act. No one protested the W. S. Southbound train removal, but a delcgation opposed the A. & Y. petition, j}' In 19*22, diptheria caused 508 deaths \ * y~ out of S.136 cases, the State Board of I 1 Ieaitb. advises in its plea to parents ja . to have their children immunized and 13 IZ thus help to eradicate this disease f i from which 75 per cent of the deaths 3 L are of children under five years of " age. Most of the deaths occur in early j u fall, and a campaign is being waged . L this summer to get parents to have \" |S children between ages of six and nine ? months immunized before the fall. ,v The advice is to take the child to the . health department or family phyaician as eariy as possible. "Take ii?". ;t f" chances: vou migh iose!" is the warn- a ,C ing. \t - M { The State highway fund increased | u about three fourths of a million doi- j ii y ' 0 I SEE e YOU'RE SMOKING ( _'J I > : >> ;:.-':W AM Elf j 3 ^(otLH? (skm&i J ? 3. I Real Vi ie jT Ladies Pure Thread S ^ Per pair II Anklets, in a Wide As; J1 Per pair i- Men's White Caps ra Each only ie Sleeveless Sweaters, al l- Specially priced at 'C. Beautful Ladies Dresse >r Silk and the New Twine Knit. Freeman's Shoes for N T >?1 3 i ? ).|K f"" a jl Central's All Leather 8Jl ^ ib A-iVcry i 3, >f n Get the 5 to 5 Habit am \ THE FiVE-to ; "UNDERPRICEDI JUNE 15. 1933 ,rs lust month, to a total balance i r 57,509,043.41 at the end of May. ? i;t the state's general fund showed I slight deficiency, bringing the casa verdraft to 51,035.558.00 May 31. ie combined auditor-treasurer report lows. J The general fund overdraft May t | na $981,283,81 and receipts for the j lonth were 5948,639.0/, leaving a eou- ! Inning overdraft of S12.644.74, to Inch is added the month's disburse- 1 tents of S1,022,915.26, bringing the >tnl cash overdraft to $1,033,558. Toil receipts for the 11 months of the seal year are 533,381,569.89 and the isbursements 834.414.515.46, which, ill; the deficit nf $502,612.43 at the eginning of the year, makes the overran about a million -loUurs The highway fund balance May i . as $6,753,999.83, while the month's eceipts were S3 045,673.90, a total of 9,799.673.73. from which diaburselents of $2,045,673.90, r. total of $9,99,673.73, from which disbursements f $2,945/?73,90 left a balance of $7,09,143.41. Receipts of the highway urul /luring the 11. months of the fis al year have been 537,871,020.85, ,'hiir disbursements were $37,492,4920. The balance at the beginning ot he year was $7.130,515.05. which is ^ lightly increase to $7,509,143.41 on. lay 31 Whether or not there will be a state air in 1933 will be determined soon iter Governor Ehringhans names the hree hew members of the Board ot Lgriciilture. which appointments are remised soon. The board decides on ontinuing the Fair. No appropriation /as mode for it for the next two ears, but it has been self-supporting or two years, when there was an emrgcncy fund, uiiu the improvement iromised in agriculture may help to ecide in favor of the Fair. The board 3 expected to be called to meet soon iter appointment, and the Fair will K! one of the first things considered, ti order to give time for plans. Mrs. W. T. Bost. commissioner of aiblic welfare, refused to confirm the manimous election by county romrussioncr and education board of decklenburg county of M M. Grey s superintendent of public welfare, post he has held for 11 years, on the round of inefficiency and political ctivity. The joint boards do not exoet to meet again to elect another >erson and plan to let Groy continue 0 serve. A restraining order may fol :>\v to prevent him from continuing. i<**ck ten burg; officials tried to get the 1 oyer nor to override Mrs. Bost. "Elephant Man" a real human be ????>- .1 4If mi i>lroltlrt /kKi-i ; ?. ur-au ??"?? wu? ictcr in Tho American Weekly, the napfuzine aiairiimieu ?itl? next S-n ay's BALTIMORE AMERICAN". Buy t from your mvoriui iio??ouy ? iewTiuc.u?i * fs Coit{Z&2~t(?accc$ xlues i ilk Hosiery 49c i soitment 10c I 25c ; 1 Wool 98c I 11.98 to 5.95 1en 3.50 Shoes, Priced to Suit 5urse! d Save the Difference FIVE STORE MERCHANDISE"
Watauga Democrat (Boone, N.C.)
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June 15, 1933, edition 1
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