Newspapers / Watauga Democrat (Boone, N.C.) / Feb. 28, 1935, edition 1 / Page 8
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PAGE E1GHT Tlie ^ eek in Washington A RESUME OF GOVERN M EN MENTAL HAPPENINGS IN THE NATIONAL CAPITAL "Washington. D. C.?While Congress had a clear right to devalue the dollar in terms of gold, it had no right to revoke the promise of the Government to pay holders of "gold clause" bonds in gold or its equivalent. That is a summary of the unanimous opinion of the Supreme Court of the United States in the so-called 'gold clause' suits. But the majority opinion, from which Justices McReynolds. Vandcvanter, Sutherland and Butler dissented. held that the claimants wno had .sued for payment of gold bonds, interest coupons and geld certificates at the old gold value had suffered no damages because of the depreciation of the dollar, and therefore could not recover. This decision has given the Administration a clear field in which to operate in monetary matters, at least for the time being. If later on through inflation of the currency or some other, means, the value of the paper dollar rhould sink fat-' below that of the gold dollar, a. claimant holding goldclause bonds might be able to prove damages, but he could only recover damages against the Government by snmg in the Court of Claims, and nobody can sue the government without the Government's permission. Atmosphere Clears In effect, therefore, the decision was a practical victory for the Administration, 1 hough it was coupled with a rebuke to Congress. It clears the way for the operation of the "managed currency" without fear of any further adverse Supreme Court action. More important from the Administrations' point of view, it re rmaiflflss world the fear that the devaluation of the dollar might be revoked, although that never was actually an issue before the Court. By assuring' reasonable stability of the currency for the present, at least, the decision removes much of the ground for timidity on the pari, of private capital, and there is considerable jubilance over the prospects of a great deal of American money coming back from its refuges abroad, and out of its hiding places in this country, to take part in the rebuilding of our industrial, financial and business structure. That is the situation as seen through Administration eyes, and at SPECIAL NOTICES GIRLS Prepare yourselves for profitable occupation. Take a course in Beauty Culture. Only three months tc graduate and you are ready to earn. We have A-grade State Accredited School and all new equipment. Write for particulars. McConnell School of Beauty Culture, StatesviUe, N. C. 2-2S-4e WANTED? Bakery, Tea, Coffee or other route men. Good proposition for right man. Rawleigh, Department NC3-23-L, Richmond. Va. 2-7-4p FOR SALE?One Frick sawmill outfit complete; one grist mill and other machinery. Tf interested see or write Spencer Hampton, Admr. of Jordan Hampton Estate, Blowing Rock, N. C. 2-21-4p COUNTRY HAMS WANTED We pay highest cash market Funis Jackson Gro otyrir 19Q St.. Gastonia, N. C. 2-21-3p Lir. C. B. Baughman, Eye, Ear, , Nobc and Throat Specialist, Elizabetbtou, Tenn., will be in the office j of Dr. J. B. Hagamaa in Boone, on the first Monday in each month for the practice of his profession. Ttojdgw Rejccpx mW5PHILC Tune-in the world with this brilliant new table model PH1LCO! Exceptional tone, performance and beauty. A a* spectacular _ value that only *P PHILCO'S unequalled proTVtolroc rftcqihlp! Liberal Trade-in Allowance - FJ Paj~ $2.00 Down and $1.00 This Radio. One Dollar Yonr Old Iron on a New < Exoert Raftin Renairi Have your set tuned f New Rivei BOONK, NOR A \ ! the moment the voices of everybody I who thinks differently are drowned' in the chorus of congratulations. ' _*v Work Relief and Pensions is Congress is still struggling over j tc the $4,SS0,000.000 "work relief" bill. g< It will pass, eventually, in pretty | tc much the form the President wants 1st it. He will not be bound to particu-jsc iar projects bv anv act of Coneress. I t;i : nor to the payment of the "prevail- j in j ing rate" or any other rate of wages. J hi The tears of business men thatia] : there will be interference with pri- .ni i vate business by the spending of this cs \ huge sum of money for public works ^ are expected to be allayed by the b< drafting of Gen. Robert K. Wood, the I president of Sears, Roebuck and Co., ff Chicago mail-order house, as advisor m I to the Administrator, whoever that b; nay be. The outlook now is that it ^ will be Harry Hopkins, not Secretary * 'r , ickes, who will manage the spend-11,1 | ing of the money, but Dan Roper's j tl : auvisorv council of business men may i tc ;aiso function in an advisory capacity. I ti i The work of redrafting the Old Age j's Pension and Unemployment Compen-ja| i nation bill is proving a tough task for j' {the committees of Congress who have]".1 j this In hand. The indications are that j j the bid. as if finally gets to the floor; ! of the House of Representatives and ; jj | the Seriate, will put a considerably } 1 : higher tax on employers' payrolls ' _ P -i in the original draft, and that* i the minimum old age pension will be \ if ted somewhat above the $30 orig-1 t > rally provided for. A terrific fight ; j is going on to br ing this old age pen-j ^ion allotment up to somewhere near I hat the Townscnd Plan people advo- i jcate. j SPRING WILL SOON They offer millions of taxpayers who do not own automobiles their only opportunity of enjoying the highways. I Who oan doubt that this great indus| try is a vital and important factor in | our National life. For further inforI mation as to schedules, fares, etc., (call . . . E. T. & W. N. C. MOTOR TRANSPORTATION CO. Herman Wilcox, Agent PHONE 45 Per Week on Allowed for | JB |TW7^7^ ng at a Nominal Cost! or better performance. r Light and Company TH CAROLINA 111 VAT AUG A DEMOCRAT?EVE Swinging "Ki^ht" There are many indications that the dmiills', rations' swing: to the "right" not merely a gesture. There seems > be a genuine effort being made to ?t business and industry to go'along ward recovery, by persuasion in;ead of by force. To this end, reform hemes are being shelved, labor agiitors are getting a colder shoulder i Administration circles than they ive encountered in a couple of years, rid the muzzle has been clamped on iimcrous of the earnest young radi Lis who have been clamoring that the apitalist system has failed and must ? discarded. There is more radical talk in Conrcss than in tho executive departents right now, and not all of it y Iluey Long, either. In addition to ie Administration's attacks on holdig companies?which may be disissed as talk for political effect? icre are more or less open threats > make "bigness" in business instiitior.s a crime in itself. That, too, more or less "talking buncombe," id much of it is intended to offset te genuine and growing fear of a lird-party radical movement in 1936. the party in power can talk wildly lough it may keep a lot of voters om going over to the promisors of e impossible to the gullibie. BE HERE . . . It's a fact, isn't it? Soon we will; ! begin to piant Mother Earth, watch \ j for her results. . . . But, before he do j | this, we still have time to make that; j trip that we planned last fall. Try a short trip to Florida, safe from the grasp of northern cold. To j revei in iiit- cauim t?r-niiu;nCci,srGr.l.y j tropics. In the same latitude as j Egypt, as barbaricaily colorfully as | a South Sea isle, these famous playgrounds, once the rendezvous of millionaires only, are now within the reach of everyone. FOR JUST $16.85 you can go to Jacksonville and rej turn. Tliis includes your baggage. ; ISO days final return limit, any stop j overs you desire. Who could offer i more. Leave Boone at 6:40 p. ni. for example, and arrive in Jacksonville I the next day at 1 p. m. Through bus from Charlotte, no change. Reclining seats, adjusted to three different po'sitions, assuring you to sleep the night away. Return a different route | if you wish. i DID YOU KNOW .that buses pay j 10';, of the upkeep cost of highways : they use . . . that they pay an average of about 11% of their total revenue in taxes nr.d fees? ... a far high, cr rate than is paid by other leading public transportation. Each bus pays 1; 19 times as much in tx Ses as a pri! vate automobile. The total yearly tax j on common carrier buses amounts to j j nearly 30 million dollars. lach bus is equipped with six huge j low-pressure balloon tires. The Unitjmi Si?.tc3 Bureau of Public Ro*?t? |says about tires: "Motor. bus ballcon 5.tires are from 20'; to 30% less dejstructivc to roads than higii pressure I tires on other vehicles." Motor bus lines provide ernployIment for hundreds of thousands-j serves 45 thousand towns and cities I ana 12 million people who are reached JI i by no other public transportation. 11 GO Wat: 1 lie Watauga group of public sp far above any thoi the dint of hard wi occupy a front-ran THERE IS NO QUIKl TO TIIE G The Watauga Builc 265 homes in Watauga Counting live to tl 1,325 men, women and c' THROUGH OUR BEE1 Incidentally, the A the amount of $4,885.29. in the entire county.) We are co-operatinj building and repairs, am United States Building 2 The officers out Wataug; legislation < of our Asso YY AT A1 TT JTSL - JT%.\ R. H. Hardin, Prea W. D. FARTHING W. H. GRAGG L. A. GREENE I IRY THURSDAY?BOONE. N. C. HILUi; J KAN IfAtiAMM Willie Jean, nine-months-old tiaugh- C ; ter of Mr. and Mrs. H. A. Hagaman o of Yalle Cmcis, died Friday after an illness of one week. Funeral services were conducted from the Zion Hill Church Sunday by Rev. Danner and | Rev. Willie Cook and interment was ! in the nearby cemetery. r >11 bearers were: Jordan HagaJman. Henry Hagaman, Ed Hagainan, j Wayne Harman. Garnet Harman, An, dred Trivett and Ira Edmistc-n. while j lOUOWUQg are UlC nuwi-i uuv , Ti xvett, Carrie Trivett, May Harman, Hazel Harman, Zellie Greene. Lily Harman, Vada Trivett and Violet Mili Icr. Surviving are the bereaved parents. The growing of cereals for winter j and spring grazing is a result of the increased price of butterfat at the North Wilkesboro cheese plant 50 COMICS IN COLOR You'll like th? new handy-size Comic Weekly which conies regularly with the Baltimore Sunday American. This great section carries more than 50 different comics and adventure pictures every Sunday. Read the Baltimore Sunday American regularly. On sale by yoar favorite newsdealer or newsboy. >LD I about * :i Uga 131 >an Ass Building and Loan Associa irited men who held the wel lght of personal gain. This ork and through personal sa ik position in the upbuilding t FINANCIAL INSTITUTION IN ENERAL WELFARE OF THE PEC THE BUILDING AND LO/ ling arid Loan Association has furnis County, amounting to more than ! le family, this would mean that thr hildren in this county, many of who OPERATIONS THE TA V INCREASED TO THE i ssociation has paid during the past (This amount would make us one % with the present National Admini: i are members of the National Hou ,nd Loan League and the North Cari ;, directors, shareholders, and frien a County have indicated a one hun >r official act of any kind, which ciation. UGA BUILE ASSOCL ident L. A. Greene, Vici BOARD OF DIR R. H. HARDIN A. W. SMITH G. P. HAGAMAN Suit erosion worker* in Franklin^ tourity reported that they terraced ne farm at a cost of only SI an acre. The BOONE RADIO SERVICE ! I HAS NOT BEEN OPERATED BY ME SINCE LAST SEPTEMBER And I have no connection with ; this company now, whatever. I am now located at the New River Light and Power Company ? Radio and Electric Store oil p Mtin Street. I have the very best testing: equipment that money can buy and a fullyequipped repair shop to give you ! better service than ever. If you want your radio re- B paired right, call me or bring B your radio in. K. I. DACUS Graduate from the I". S. Gov- B eminent Radio School with H 14 Years Experience. PHONE ?0 BOONE, N. C g ?AC1 the lilding ?ociatic tion was organized in I fare of their county near beginning was meagre ai .crifice this Association 1 1 and betterment of Boone THIS COUNTY THAT HAS CON ?PLK OF WATAUGA COUNTY IM a ccnrr i ttovt ;hed the money in whole or in px $400,000.00. ough the efforts of our associatior m do not owe a penny on their ho XABLE WEALTH of W, AMOUNT OF $378,225. fourteen months in municipal, co of the largest or perhaps the la .tration heartily in the encoura sing Administration, Federal He olina Building and Loan League. ds of our Association generally dred per cent opposition to any tvould interfere with the normal < >ING AND moN e-President W. H. Gr ECTORS: W. W. MAST R. L C. M. CRITCHER W. 1 H. G. FARTHING R. C Tf 'T Explains thr marvelousH'Hiord J 1/ ? Irftifmiw which is bringing J rj sflffflS amoring rrlief. Sold oa irood&d U vjvij nomr-^ Kiwrontffc I PRICELESS INFORMATION J ?for those suffering from r ' \ STOMACH OR DUODENAL Y*aS**IjULCERS. POOR DIGES TION. ACID DYSPEPSIA, m ^ SOUR STOMACH. GASSI- Z f NESS. HEARTBURN. CON- 3 \0T STIPATION. BAD BREATH. 3 SLEEPLESSNESS OR HEAD ACHES. DUE TO EXCESS ACID. f>Mc uiiirweoyv c.l trutard s fifesjagv. We 2 art Auibenxtd Wi'laid Dc.ilcn. J WATAUGA DRUG COMPANY Boone, N. C. Are You an American? |j Peace, liberty and the pursuit of happiness belong: to the owner of a life insurance policy. FRANK M. PAYNE General Agent SECURITY UIPE AND TRUST COMPANY Winston-Salem. North Carolina Democrat Ads Pay MIIIIWIW? I I I rsi ! onH I4.A.AV*m \r, >21 by a small their hearts and id small, but by ias been able to ; and Watauga. TRIBUTED as MUCH r AS HAS irt for the erection of u we are now housing -me. a \TAUGA HAS w 1 unty and State taxes pi rgest single taxpayer gement of increased >me Loan Bank, the throughadverse 33 >peration |gj LOAN | i agg, Sec.-Treas. N. HOLSHOUSER
Watauga Democrat (Boone, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Feb. 28, 1935, edition 1
8
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