THE GLEANER
GRAHAM, N. C., DEO. 16, 1937
ISSUED EVKBY THURSDAY
jJL D. KERNODLE, Edited
$1.00 A^YEAR, IN ADVANCE
Kntsred at the Postoffioe wL Graham.
N. C , aa wcond-claM a. alter
Japs Bomb, Sink U.S. Gunboat
A thrill of deepest resentment
spread over America Monday
morning with the news that
Japs had bombed and sunk
Panay, U. S. Gunboat, on the
Yangtze river, near Nanking,
Sunday night. Three Staadard
Oil steamers were bombed at
the same time.
Newspaper correspondents on
the grounds say the act was
deliberate. Japs claim it was
not? of course they would.
At least, one American sea
man was killed, a number
wounded, and others are miss
ing.
The President has demanded
apology ? this has been made,
profusely, and complete indem
nity and other concessions
The sinking of the Maine at
Havana brought on the Span
ish-American war in 1898 in
double quick time.
The sinking of the Panay is
just as grave, hut America is
not looking for war ? but peace.
With full, complete and prompt
satisfaction, America will not
resort to war, but will not con
done the offense, nor forget it.
A Worth While Prosperity
Program
The New York Herald Trib
une has proposed a program
for the special sessiou of Con
gress that is well worth reprint
ing. This program includes:
1. Repeal of the Undistrib
uted Profits tax.
2. Repeal of the Capital
Gains tax.
3. Appoint committees to
prepare a plan for general re
vision of the Federal tax sys
tem to the end that punitive
taxation is eliminated, and that
all taxes be made visible so far
as possible.
4. Appoint commutes to
search out every possible Fed
eral economy with the purpose
of balancing the budget at the
earliest possible time.
5. Appoint committees to
amend the Wagner Act to the
the end that labor's right to or
ganize will be safeguarded, the
rights of employers and con
sumers will likewise be pro
tected.
6. Go home.
Another, thinking along the
same lines, makes the follow
ing observations:
The merits of this program
are plain. The Undistributed
Profits tax and the Capital
Gains tax are probably more re
sponsible than anything else for
the market collapse, the virtual
disappearance of new capital
and the consequent industrial
recession.
Labor strife ? which has been
fomented rather than curbed by
the Wagner Act in its present
form ? is a virtually insur
mountable barrier to normal in
dustrial activity and the rapid
reemployment of workers at
fair wages.
The unbalanced budget is a
grave national problem and
there can be no orderly recov
ery as long as Federal out-go
dwarfs ftderal income.
Lastly, it would be an im
mense stimulant to business if
Congress would take swift re
-cnedial action, pa? the routine
necessary bills, turn thumbs
iowa on all crack-pot experi
mental legislation and then call
it a day.
There isn't a person in tbis
country who isn't affected by
labor troubles aud taxes whicb
drive capital into hiding and
make it impossible for private
enterprise to obtain money for
expansion
Make no mistake, the couutry
is at au economic cross roads.
The New York Herald Trib
une's terse and simple program
is a real prosperity program.
Fog of Uncertainty
A Plan To Raise And Spend 25
Billions
J!) J. E. JOS EM
Washington, D. C , D' C. 14, '37
? "The secrets of industry are
not in Warbiuifton" observed m
While House newspaper cores
pondent in his regular radio pro
gram. Washington know ii !
Therefore, statesmen an:l politi
cians sat straight up aud read
with intense interest whai Lain
inot du Pont said about the rela
tion!' between Government and
industry. He outlined a long
time plau to create 3,000,000 new
jobs through planned iuvestiueut
of $25,000,000,000 ? by private in
dustry. Ho proposes new products,
broadened markets, lower costs ?
with a rule of fair return for all
effort, not excepting capital effort.
He says that industry can meet
the existing situation and the
changes, providing there is defin
ite "stabilization" with regard to
taxes, laboring conditions; and
"immediate stabilization of the
'legal rule' under which business
must operate, subject only to 'un
mistakable public demand' for
amendment." *
The Washington Star editorial
izes: "Industrial leaders as well
as government leaders believe in
the advantages of economic plan
ning?provided assurance can be
given that plans be made with
some hope of being carried out,"
and the Star represents fair mind
ed Washington opinion accurate
ly by adding: "A reading of the
proposal made b y Lammot du
Pont for the planned investment
by private industry of $25,000,
000,000 over a period of two to
fifty years shows it to be founded
on eminently reasonable grounds."
Mr. du Pont asserts that "today
industry is blanketed by a fog of
uncertainty" at a time when stab
ilization of affairs of Government
and industry need most of all to
be definite. "As it is, the busi
ness man is the subject of more
legislative concern than the crim
inal. . . . The criminal laws are
stabilized."
I be du font chemical products
are so numerous that they are
fonnd iu every field of merchan
dising. The record of progress,
coupled with a century of success
by the du Pouts in peacetime en
terprises finds Lammot du Pont
today as au outstanding leader in
American industry, aud one of
the Nation's most highly respect
ed citizens. Therefore, wheu he
talks "bra*s-tacks" the whole
country fiuds it refreshing and
informative to follow the reasoa
ings of a man who knows how
many men 3,000,000 are, at work,
or unemployed, and also bow
much twenty five billion dollars
are. But our politicians remain
lost in a "fog of uncertainty,"
Mr. do Font's plain statement
should serve a needed purpose by
helping public servants to a bet
ter understanding of what these
high figures mean; better still;
what can be done to restore our
country to normal conditions.
Homing and Elasticity
Figures on Homes too Hiyb--Far
Beyond Average Income
The boosing of American citi
zens in homes of their own com
bines enough economic and hu
an possibilities so that the Gov
ernment and business interests
are getting together to see what
they can do about it. The yard
stick for Washington seems to be
used to measure conditions of
home-builders in the more con
1 pes ted centers, particularly the
eastern seaboard.
Now comes a helpful memo
raudum on that subject from a
representative small c ity in the
West, and what the editor says
about his own town undoubtedly
applies to thousands of other
communities Because it describes
a situation that is general though
out must of the country the com
munication is used without men
tioning any particular place thAl
it describee. Says the editor in
hit note to Natioual Industries
News Service: "You indicate that
the cost of these new homes will
ne from $5,000 to $10,000 each.
Your figures are too high. In our
city of $5,000 plus, there is uoi. a
single house that costs $10,000 to
build ? not one. The new houses
in the uew plan will cost aronud
$2,u00 or $3,000. The type of
homes a vast majority ueed and
c u pay for over a period of years,
and interests, are low-cost houstS.
i'rivate industry may not consid
er this good business, or good
risks; therefore the new set-up is
such as will not interfere with
private business. This program
of the (Jovernmcut will help both
those who ueed homes, as well as
private industry."
Administrator Nathan Straus,
of the United States Housing Au
thority, in an "off the record"
talk be tor a uewspaper men a few
days ago told of the flexible plans
that wife being worked ont to
cover the great variety of condi
tions iu couimunitiee
It appears to be hard to start
anything in political circle* iu a
national way, with auotlierpres
idential election three years off.
Alfred M. Landou, last ye ?'.<
Republican candidate, mention
ed again, has definitely eliminu
ted himself. Mr. Hoover seem
ed to think it was his chance
again, with Landou out of lite
way, but Republican le.tders
have given his?spirations a cold
shower bath, so he is not in the
running any more.
The lower House ot Congress
has passed the Farm bill. It
must yet pass the Senate ? it
may or may not pass. The
wage hour bill, another of the
Administration's objectives, is
under consideration. It is so
near the holiday season that
most Congressmen are perhaps
thinking more about getting
home than about legislating. It
really looks like the objectives
for the extra session will fail in
large measure.
How much fertilizer can be
profitably applied to cotton isdis
cussed iu Experiment Station
Bulletin No. 313 now available
free'of charge on application to
the Agricural Editor at State Col
lege.
? _
He's An Industrial Worker!
\7"0TI would naturally think of the man
I operating the tractor as a farmer.
And he is a farmer, but he's also an in
creasingly important figure in the indus
trial world, not only as a consumer but
as a producer. He's engaged in hoeing
up a field of soy beans which later, after
passing through various factory proc
esses, you'll be using in the form of
paint and varnish, soap, linoleum and
scores of other products. Consumers In
formation points out that 91 million
pounds of soy bean oil, a comparatively
new crop for American farmers, was
produced in one recent year. Of this
amount, 2 Vz million pounds went into
the soap kettles, 5 million into linoleum
and 13 million into paint and varnish.
I- =J
This brand new market for American
farmers, vho are now growing a large
number of industrial as well as food
products, has been developed, like many
others, through the vast research pro
grams undertaken by American Indus
try, whose laboratories have added un
told millions to the national wealth and
also thousands of jobs for American
workers.
Senator Byrnes Talks to
Lawyers
Senator Byrnes, South Carolina
Democratic leader, spoke before
SCO lawyers of the District of Col
ombia Bar Association the other
night and this i? what be said:
"I tbiuk the time has come fur us
realize ibat whatever justification
may exist in time of war, or in a
great national crisis, for the
transfer by the CouKre<>8 to the
Executive, of the power <>f the
purse, there is no excuse, iu time
of peace, for such action." Mr.
Byrnes is a member both of the
Appropriations and the Banking
and Currency Committees. He
also stated that "I would rather
wage no war cu the executive
branch of the Government. I ful
ly realise the necessity cf <h> oper
ation, but I believe there should
be co-operation without eucruacli
ment." ??
Adequate storage facilities for
clothes, supplies, aud houseiiold
articles add to the couveuieuoe of
a home. ? Pauline Qordou.
A good dairy cow lias a trerneu
dous capacity for convertUrif feed
into milk, but she will not eat all
the feed ahe can mile** her ra
lions are palatable. ? John A.
Arey.
One of the finest rural homes
in Uniou county is the one be
longing to Talmige Austin, a
young farmer who cultivates SO
acres of land two miles east of
Marsbville.
THE State of North Carolina, under
a new law which became effective
December 1st, prescribes certain mini
mum quality standards for gasoline.
These quality requirements were set
in view of the needs of today's motors.
Yet several years ago, That Good Gulf
Gasoline was stepped up well above these
new state standards ? anu
has continued so ever since.
'Gulfs premium gasoline,
No-Nox Ethyl, exceeds the
new state minimum require
ments by the widest margin
in motoring history.
It has been Gulf's practice in the past ?
and will continue to be so in the future
? to set its own standards of quality,
Liid to raise those standards as rapidly
as advances in technology permit.
To this end, Gulf maintains nine
modern laboratories, staffed by able
scientists, whose aim is constantly to
better every previous Desi.
- This is why the Sign of the
Orange Disc, displayed by
all Good Gulf dealers of
North Carolina, is a reli
able guide to fine motoring
products.
HIILF OIL COiSPOMTlOl