The Farmers' Contribution
to Financing the War
by B. M. Gile
Head, Dept. of Agricultural Economics
Louisiana State University
FARMERS are buying War
Bonds to help make it possible
for their countrymen fighting on
the battle fronts o f the world to
defeat the armed forces of the
aggressor nations. As a whole,
farmers have shown that they are
willing to make as many sacri
fices as any other group in order
to win the war. In proportion to
their net incomes, they have and
will continue to purchase their full
share of War Bonds, which consti
tutes one of the important means
for obtaining money or credit to
finance the conduct of the war.
While farmers would help
finance the war for, patriotic rea
sons alone, fortunately War Bonds
also serve to help them accom
plish certain personal welfare
ends. Among these ends are the
future security of their farm busi
ness and the attainment of certain
accomplishments for their fam
ilies. During the war, at least half
of the productive effort In indus
trial plants is being used to pro
duce the instruments used for
fighting. This means a shortage of
goods available for civilian pur
poses, both for production and
consumption. Farm machinery,
buildings, fencing materials that
are depreciating and wearing out
with use cannot be replaced at the
usual rate. The ability to main
tain as good a standard of living
as we have under wartime con
ditions is to a considerable extent
explained by the fact that we had
acquired durable capital goods be
fore the war which are being worn
out in production during the war.
By purchasing War Bonds with
the money which normally would
be used for replacements, safe
keeping is provided for reserves
which can be used after the war
to purchase new machinery, build
ing and fencing materials not
available now.
There is also an income which
would be normally spent for dur
able consumption goods. By
spending as little as possible now,
farmers- help to prevent further
inflation in the prices paid for
the inadequate supply of manu
factured goods for civilian pur
poses and also by refusing to fol
low the upward spiral of land
prices, they can help prevent un
due inflation in land prices.
While we hope that farm prices
will not drop too severely, it seems
fairly certain that wartime prices
will not continue indefinitely after
the war ends. Many farmers are
wisely investing as much as pos
sible of their wartime cash in
comes in War Bonds as a sort of
prudent insurance to protect the
family against the hazards of A
possible low income period some
time in the future. It also serves
to provide a special reserve fund
for sending the children to col
lege when they reach that stage
in their development.
For the tenant farmers, War
Bonds furnish an excellent means
for creating a reserve for the down
payment on a farm, when more
farms are for sale at normal
prices. Past experience has shown
that the tenant farmer who haa
accumulated his operating capital
and is ready to buy a farm at a
time when a land boom is raging,
wiU do better to remain a tenant
a few years longer. The incrsased
cost of land rents when prices of
farm products are at high levels
is small compared to the capital
losses on a 160-acre farm that de
clines 25 dollars per acre below
the purchase price, due to lower
prices for farm products. It re
quires a good part of the produc
tive lifetime for most people to
save $4,000, for about ten dollars
must be earned in order to save
one dollar. In any event, It Is a
serious matter for anyone to lose
the savings accumulated from
many years of productive effort
This did happen to many thou
sands of both farm and non-farm
families during the drastic decline
in prices following World War L
As contrasted with the last war,
farmers are following sounder
?financial methods. More o< them
are aware of the truism that
pricep rise when many are eager
to buy, and that prices are low
when sellers are plentiful. From
the standpoint of personal finance,
usually only those things which
are immediately necessary should
be purchased when prices are
high. If credit is used to gain
ownership control over land- or
any durable production goods at
materially higher prices, the
source of repayment should be in
sight within a relatively short
time, a year or two at most In
general, it would be advisable to
incur only short-time debts which
can be repaid before prices fall.
War Bonds furnish a convenient
investment medium to help farm
ers who wish to follow a prudent
financial policy.
V. S. Trtasnry Dtpartmtnt
TEMPORARY BUDGET ESTIMATE OF EXPENSES
FOR THE FISCAL YEAR 1944-1945
TOWN OF LOUISBURG, N. C.
As by law required tlie Temporary Budget Estimate
for the Town of Louisburg, N. C., for the year begin
ning July 1, 1944 and ending June 30, 1945 has been
duly filed in the Office of the Clerk to the Board of
Town Commissioners on this Tuesday, June 27th, 1944,
a summary of which is as follows:
Department Expenses
General Government Department $10,500.00
Street Department Expenses 8,500.00
Light Department Expenses . 32,500.00
Water Department Expenses 13,000.00
Police Department Expenses 7,000.00
Fire Department Expenses 3,800.00
Total Department Expenses .$75,300.00
Debt Service
Bonds to be retired v $11,500.00
Interest on Bonds _ 7,650.00
Total of Debt Service ? ? .$19,150.00
Grand Total of Department Expenses and
Debt Service Requirements $94,450.00
6-30-4t
ARSENATE OF LEAD
Good Supply at present.
TOBACCO THREAD
Plenty Feeds at present.
* ?
Electric Water Pumps and Rams
Piping Supplies - Septic Tanks
See us for any kind of
installations.
Franklin Farmers Exchange
Phone 366-1
Louisburg, N. 0.
SOIL CONSERVATION
NEWS
By \V. O. Lambeth
????????.*
Percy Bunn at Justice has
mowed his kudztf meadow strip
for hay. Mr. Bunn says that the
more he mows this hudzu the bet
ter he likes it. and that he has
learned to handle It Just as easy
as other hay can be cut. He got
three good wagon loads of hay
trom this one acre strip at this
rutting and will cut it again in
October. Mr. Bunn says, "It Is
a pity more farmers in the county
that have good stands of kudzu
re not making use of it. They
are losing a lot of good hay and
grazing at a time they need it."
fl? J
Albert Cooke or the Edward
Best Community says that some
jf his neighbors thought he was
crazy last spring when he terrace
ed a field on his farm with a
slope averaging three per cent
fall in the hundred feet. He us
ed the terraces as gutdes in run
ning his rows and now has a good
stand of tobacco in a pocket or
low place in the field that was al
ways too wet to grow anything
before. Mr. Cooke bought the
farm last year and his neighbors
told him then that no pne had
aver been able to grow tobacco on
that particular part of the , field
because it was too wet. He be
lieved that it could be done how
ever, and this year proves that
he was right. There is a uniform
stand over the entire field. Mr.
Cooke says - that on some of the
latter land maybe terraces are
aot needed as badly as they are
an steeper land but they will cer
tainly pay dividends in checking
sheet erosion and providing pro
per drainage for the field.
A? If
Several farmers in the county
aave recently plowed up sericea
lespeddza plantings made ithls
spring, thinking that they did not
have a stand. Sericea Ynakes a
ilow growth the first year and
even though It appears that the
young plants are very scattered,
they will come on and produce a
good stand the second year.
DON'T PLOW UP THIS YEAR'S
3ERICEA PLANTINGS .UNTIL
VOU ARE ABSOLUTELY SURE
THAT YOU DO NOT HAVE A
OTAND. If the plantings are ex
amined carefully a good stand
will be found coming on among
the native grasses and weeds that
are bound to come in the first
year.
11?11
Jim Wilder. Louisburg, Route
!, has clipped the weeds in his
pasture this week. This is a
,ood practice and clipping the
.^eeds when they are in the
blooming stage will go a long
ways towards eliminating them
entirely.
A I'LAINTIVE PLEA
(From The Park City, Utah
Record weekly, classified advertis
ing column.)
"Found ? Lady's purse left in
my car while parked Ow#r can
have same by describing property
and paying for this ad. If owner
can explain satisfactorily to my
wife how the purse got into the
car, I will pay for add myself."
The experts say that 100 mil
lion hens in the U. S. should be
marketed during June. July, and
August to conserve our danger
ously low supply of feed. Be
sure to get all the culls, the
broody hens, and the early moul
ters. .
Any tobacco tastes good if it's
all you've got or can afford.
FARM QUESTION BOX
? ' br
ED W. MITCHELL
Farm Advisor
G? t prf Sociric Statfoa WCT
Q. May I have a bulletin on ;
chopping and storing hay?
A. I think I can get you a
circular or bulletin. Set up a
silage cutter, preferably one de
signed to feed and chop either
dry hay or silage, put the hay
through as you would corn and
blow it into your mow. The hay
should be as dry as for ordinary
long hay; the mow floor braced
to stand the extra weight, and
divided into eight-foot bays so
some ventilation can be maintain
ed.
H? <1
Q. When should asparagus
plants be cut?
A. Asparagus should ,be al
lowed to grow uncut for two or
three full seasons to build up a
good reserve of food in the roots
before it is cut for use. Cut tops
after the second hard frost each
autumn and let them lie aB a
mulch. The third season, cut
stalks Just under the surface of
the ground as fast as they get
large enough to eat, and stop
cutting when growth becomes
slow and spindly.
11?11
Q. How can I stop the ants
eating mj- strawberries?
A. Dust some sodium fluoride
around the plants and especially
over ant hills.
11?11
Q. How much spring wheat
should be planted to the acre?
A. Sow two bushels per acre.
Get it In as early as possible;
use the variety Marquis.
11?11
Q. Would oats, peas, corn and
wheat ground together make a
good cow ration?
A. They make a good founda
tion for a ration, but should
have about 400 cottonseed or
other high protein concentrate
added to each ton. Use about
equal parts of each grain and
add a little buckwheat, rye or
beans if you have them.
H? f
Q. Do soy beans make a good
bay for .goats?
A. Yes, excellent for goats
and cows. .
n?
Q. What peach tree can be
gronn in a sandy loam, soil?
A. Elberta. It seems to be the
only variety that can live through
northern winters reasonably well
and bring a good, profitable crop.
It is self-fertile.
The tired business man arrived
home. The cook had left that
morning without , giving notice.
The market had been depressed
all day, causing him great finan
cial loss, and to climax the evil
day he found a farewell note
from his wife. He knew a shot
would 'end it all. So he opened
the bottle and took one.
When a flattering male tells a
girl that -she's wonderful, she
smiles for two reasons: she knows
it isn't true and she'B delighted to
hear it. If the male then smile*,
it's always for one reason. He
thinks he's made progress.
Russia is made up of 189 dif
ferent peoples, ranging from the
blond, fair-haired slavs to the
dark skinned Kazahs, Tartars and
Turcomans, with some Negroes
on the Black Sea.
STOP & THINK
This may be the last chance to help that Boy
you love, that Friend you think so much of,
and that Neighbor you need back at home, who
is GIVING HIS ALL FOR YOU, in order that
we may live in a Free Country.
Can't you loan him a helping hand at a time
like this? Yes, I guess you have bought Bonds,
but you should BUY MORE BONDS. You
will be glad and so will He. DO IT TODAY,
Let's not fail our Boys, they are depending on
us.
BROWN FURNITURE HOUSE
Phone 314-3 J. L. Brown, Prop.
YOUNGSVILLE, N. C.
What Your Bank Means To You:
YOUR
?
CHILD'S
EDUCATION!
Don't wait till your son or daughter graduates from
high School to start saving for his college education.
Putting away a moderate amount regularly all through
the years will relieve you of the "strain of Sudden ex
penses. Teach the children to save with you in a sav
ings account.
FIRST ? CITIZENS BANK & TRUST COMPANY
Member Federal Deposit Insurance Corporation
Corner Main & Nash Sts.
Louisburg, N. Carolina
Banking Honrs: 9:00 A. M. to 2:00 P. M.
GRADUATES
Foster Field. Texas. ? Still
more sky warriors from the Tar ?
Heel state soon will join other 1
North Carolina combat fliers in '
the battle skies of the world.
In a brief but impressive cere
mony at Foster Field, Texas, on
June 27, avaiation cadets swap
ped their title of "Mister" for
"Sir" and' pinned on silver pilots
wings and bars of a second lieu
tenant or flight officer.
One of the largest classes ever
to be graduated from this AAF
Central Flying Training Com
mand lighter pilot school, its
members represent 39 states of
the Union.
North Carolina has supplied tho
Army ' Air Forces with many
fighter pilots ? men who fly P-47
Thunderbolts, P-J8 Lightnings or
P-51 Mustangs. Ninety-seven
young men from the Tar Heel
state have entered Foster Field
alone for advanced training since
the school started operating in
the fall of 1941.
Included in Foster's Class 44-F
were the following men from
North Carolina:
Joseph D. Winn, 26, son of
Mr. and Mrs. Joseph E. Winn,
R 1, Henderson*
Caring For It
'Man: "They tell me Jones has
a right good voice. Is he culti
vating it?"
Friend: "I can't say about the
cultivating but I know he irri
gates It frequently."
1 . ONI COAT COVtMiMrtwaft
papvrs, painted watb and c?<i>
2. Afpun UU MAMC
3. NHS IN ONi HOW
4. MIXES WITH WATtt
5. NO "UINTT"jODOK
6. wAMcriJuar
7. IOVBHT COINS
?n?8
rat sal.
~ fasti
Kern-Tone f) A
ROLLER-KOATCR 5"*
Kent' Tone TljlMS
As low as IfK "roll
PLASTIC PATCH
Ripaifs crocks
HOME FURNITURE COMPANY
LOUISBURG, N. C.
DEALER
He's Got a Big Responsibility !
In This War
WE ALL HAVE !
Those soldiers out there . . . everywhere
. . . have a big load on their shoulders.
And we farmers: here in the United States
have a big job, too. It's up to us to keep
our machinery in good condition . . . to
make all repairs at once. Get your needs
here.
We Carry the Best !
Freeman & Harris
Nash Street Louisburg, N. C
Buy, Sell ahd Bank in
LOUISBURG.