Newspapers / The Chatham Record (Pittsboro, … / Jan. 30, 1930, edition 1 / Page 4
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PAGE FOUR CHATHAM RECORD O. J. PETERSON Editor and Publisher SUBSCRIPTION PRICE: One Year ... sl*so Six Months »75 THURSDAY, JANUARY 30, 1930 Bible Thought and Prayer ■ ■ ----- 1! A SUN AND SHIELD—The; ;Lord God Is a sun and shield: the < < Lord will give grace and glory; no,; good thing will He withhold from' ? them that walk uprightly.—Ps.,; 84:11. • ;; < PRAYER- May we, O Thou Giv-; | i er ©f every good and perfect gift, 1 i 1 ever seek to possess Christ In our,, u hearts, and with Him Thou wilt;; ;; freely give us all things. <■ 1 T let him take a dose Says the Elizabeth City Ad vance (not the Independent) . Miss Beatrice Cobb, strongly anti-Smith before the Demo cratic convention at Houston, is supporting Bailey in her week ly newspaper, The Morganton News-Herald. There was op poition to Simmons in the Dem ocratic fold before A1 Smith was ever heard of as a possJbie presidential nominee. You are correct, Herbert Peele. This writer has been agin’ Simmons for nigh onto forty years, since he, as chair man of the State Democratic Executive Committee in 1892, was instrumental in driving the majority of the Alliance Democrats out of the Demo cratic party, thereby making Sampson county, for instance, Republican, building up a white Republican party in the State, and becoming the au thor of the fusion and con tusion for the fighting of which he has been rewarded with the senatorship for thirty years. ~ ‘ - *Mr. Simmons is {the cause i ©T the North Carolina vote’s going to Hoover, but not through his- desertion of the Democratic "ticket in 1928, but through his augmentation of the Republican party in the State in the nineties. As sug gested in this paper recently, those who voted against Smith last fall would have done so, Simmons or no Simmons. In 1892, the Alliance Democrats would have voted against Cleveland and returned to the party as the most of the A1 Smith opponents are doing, and especially is that clear when one considers that, de spite the fact they were driven to organize a state populist party in North Carolina, they actually did vote for Bryan in 1896. It will be the most beautiful of poetic justice for Senator Simmons to be beaten upon the very grounds upon which he undertook to make the jiame of Marion Butler a re proach in North Carolina. As a rule we believe in the priv ilege that the A1 Smith op ponents took last year, and should not hesitate, because of his slip, to support the average one of them for any office within his capabilities to fill. But is the case of Sena tor Simmons, it is different. He defamed as good man as himself for the very lapse he now has himself made, and we are anxious for him to have a dose of his own medi cine. $ The Bank es Broadway, Lee county (and Broadway is the right name, as the village is merely a wide place in the road), is 21 years old, and has made the remarkable rec ord of doubling its capital and creating a surplus of $lB5 for every SIOO share of stock. The wonder is why D. E. Shaw, the cashier to whose management the splendid rec ord is ascribed by the Sanford Express, has not been seized upon by some of the great hanking institutions. Five of the original six directors were -present at the most recent meeting of the directors, when the usual dividend was de clared. This writer really had no idea that Broadway had a bank till now. — Great men make mistakes. History would be mighty dull reading other wise. ‘ i| COUNTY GOVERNMENTS 1 NOT TO BLAME <e> We confess that it does not set well with us to see the plight of the counties so often attributed to bad management on the part of the county gov ernments. We are confident that the government of C-hat , ham county has been good, 1 that, as the grand jury ex pressed it last week, there has been a “judicious expenditure of the county money.” The counties are not entirely re sponsible for the school tax. They are not at all responsible for the salary schedule. The craze for palaces for school buildings did not arise in the backwoods counties. The arousements for good roads did not come from the back woods people. Roads and school absorb the great bulk of the county taxes, and both are good things. However, en thusiasm, under the preach ments of the propagandists and in accord with the exam ple of the State, has over reached itself. Not one of those who at tribute the big county debts to bad management would hear to a proposition to short en the school term or clip the salaries of school men and women. And if they would, and could bring about those two economies, or stop county road improvements, they could not relieve the counties of the interest and sinking fund bur dens due to the millions of dollars of indebtedness piled up under the inspiration of earlier preachments. Chatham owes a million dollars, but the only thing to do is to try to keep up the interest and provide a i sinking fund. Those two items and the continuous cost of ' schools and roads absorb the ■ greater part of the income of • the county. Nevertheless, our commis- , sioners seem to make ends j meet with the balance. Only ; last Thursday they paid off j a $15,000 note for money bor- ' rowed before taxes began to ] come in. We consider the . commissioners of Chatham do- j ing well, and the same could , have been said of Sampson county .when we lived down there. Let the State cut big { salaries and reduce its various j taxes and the counties will be ( the more able to collect a suf- < fiicient amount of taxes to pay ( the now absolutely necessary { expenses of a progressive age. j + 1 PORK SHOULD BE ( PROFITABLE The Harnett County News ( tells of a man who tried to buy a fat hog in Harnett coun- , ty, but could not find one for sale. Y’ou possibly noticed an advertisement for a 200-pound porker in The Record two or three weeks ago. If there was ever money in raising pork there should be now. North Carolina bacon sells at a big premium in North Carolina, several cents a pound more for the hams or the sides, either, than for the packing house products. Yet you can scarcely buy a piece of good home-cured bacon in Pittsboro half the in the year. More gumption would prove quite valuable farm relief to many a farmer. But a man can not afford to raise pigs on corn. Pigs farrowed in April should go through the summer at very little cost if a man has pasture and grows a variety of green foods. Corn will be necessary for the last month or two, but, as com pared with the price of pork or bacon, corn is cheap. Since ’writing the above we have heard the government’s annual estimate of the num ber of the several species of live stock in the county, and the decrease in the number of hogs is very large, seven per cent, we believe. That signi fies that pork growing should be even more profitable this year than last. The number of horses and mules have largely decreased, horses by nearly half a million. It might pay to raise a colt. 3> Rev. H. G. Dorsett, a na tive of Chatham and once reg ister of deeds here we be- Jlieve, has announced himself ' a candidate for the Republi can nomination for senator to succeed Senator Simmons. But, between a native of Chatham and George Butler of old Sampson, we should have to rriTSL rmrA'FWAM RECORD. PITTSBORO; N* •C* advise our Republican friends, if they felt they needed our advice, to select George But ler. We should have to vote against our friend Major But ler next November, but what ever honor there is in the nom ination should go to him. He is, we are sure, a brainer man than any other probable Re publican candidate in eastern North Carolina, and the honor is due him. Moreover, failing to become senator, his candi dacy might lift him into some other prominent position which he is worthy to fill, videlicet, Judges Parker, Meekins, and District Attorney Harrison Fisher, et ceteri. A WORD FOR HENDERSON We feel as if a word in behalf of our former friend W. H. Henderson of Shreve port, La., radio fame, is in place. The Monroe Enquirer and the Greensboro News have both hinted that his campaign against chain stores is due to self-interest, in that he is sell ing coffee and other articles over the radio. But they have misapprehended the purpose of those sales. Mr. Henderson is a crusader. He will scarce ly allow the use of his radio for advertising purposes, so anxious is he to continue his crusade every hour he is per mitted to operate. And, it is our understanding, the pur chase of coffee and other ar ticles by his “fans,” and at most liberal prices, is to help provide the expenses of the radio and his great force of assistants needed largely be cause of his crusade. The writer knew Mr. Hen erson when he was a trim young man. He is not yet fifty, dsepite the fact that it is “old man Henderson.” His father was a trustee of the Louisiana Baptist school for girls of which the writer was the head nearly twenty years ago. W. H. Henderson is not poor folks. The Henderson Iron Works were of considera ble importance in those days, and with twenty years of growth in the oil industry, re quiring immense amounts of piping, etc., and the rapid growth of Shreveport, we guarantee you that he can make a living without selling coffee. Moreover, the Hender son farm was in an area since developed as an oil field, and only recently Mr. Henderson incidentally mentioned the fact that he owned a few small oil wells. That cussing business is not a real part of “old man Hen derson.” If the senate campaign does really warm up, The Record man thinks he will see if the “old man can not put in a word for our side. ® We said, last week, that there are a hundred officials j in North Carolina who could not shuck, shell, sack, and market enough corn in a year (and we will allow to use a corn sheller and work in two’s) to pay their salaries We add that they could not pick out enough cotton in a full year, with fields ripe for the harvest ready for them at all times, to pay their sal aries. For instance, I. M. Bailey, who has recently been appointed to a position at $7,- 500 a year, would have to pick 375 pounds of seed cot ton a day for 300, days in the year to pick enough at 20 cents a pound for lint to pay his salary. As 125 pounds a day would be a good average for the year around for a real cotton-picker, it would take three good pickers to pick out enough cotton, it being fur nished free, to pay this one lawyer’s salary. Is there any wonder that farmers think salaries are too high? And cotton is not 20 cents a pound by three or four cents. LOANS DO NOT SAVE FARMERS Dr. H. Porter Willis, who was expert to the joint House and Senate Committee which originated the Farm Loan Act, is right when he says, in an article in the Southern Plant er, that the demand of the farmers has changed from that for cheap credit to that for higher prices for farm prod ucts. Indeed, they have al ready learned that cheap bor rowed money only serves to .complete their bankruptcy , | when they use it in undertak • ing to produce crops sold iri -a competitive world market, } while buying goods protected -by high tariff duties. They - must demand a similar pro - tection, which can be secured ; only by an export debenture i scheme, such as defeated by - the Republican regime, or i must demand that the pro ’ tection be removed from what • they have to buy. Sauce for • the goose should be sauce for i the gander. L* * ♦ , We are reading a bit of Henry George’s “Progress and Poverty” each day, and it has thus far served to give us an excellent review of the standard definitions of politi cal economy. For instance, the politico-economists before Henry George were agreed that “profits” include superin- j tendence, compensation for risk, and interest on capital. But today, if we read aright, every element of cost, includ ing salaries for owners when acting as superintendents or as workers, interest, deteriora-1 tion, insurance (risk), are de ducted from the gross before profits begin. For instance, the Franklin Ijrice List, which is the standard price list used by commercial printers, counts in all these things as a part ! of the cost, and then adds 20 per cent of costs, including those elements which politico economists have accounted as part of the profits, as a rea sonable profit. At least, that, is the way we read it the last time we saw a copy of the Franklin Price List. And this fact makes that “menace of profits” which we discussed last summer. No wonder, with the new definition of “profits,” that Henry Ford has been quoted as saying that “fac tories one day will' probably work without profits,” or words to the same effect. . Why shouldn’t they, when every body that touches the busi ness and everybody that has a cent in it are taken care of in the items of “cost?” If it isn’t robbery to charge profits on one’s own labor wage, or labor wage, or salary as super visor of his own business, or upon interest allowance, it j would be hard to find any 1 robbery short of an actual hold-up. <s> The Monroe Enquirer, in the great lespedeza county of Union, is accountable for the statements below. As Union county as a whole was short in its cotton crop, the exam ples-of the success of cotton grown on lespedeza sod are the more striking. A hint to j the wise should be sufficient. The Enquirer says: That lespedeza pays the cot ton grower there cash no longer be any doubt, but to keep the matter fresh in the memory of COMPARATIVE STATEMENT OF CONDITION OF The Chatham Bank SILER CITY, N. C. At the Close of Business Dec. 31st, 1928, and Dec. 31st, 1929. Resources 1928 1929 yf-)' *• ’ ' ' Loans and Discounts $219,851.23 $225,956.30 Overdrafts 1.1,, : NONE NONE Bonds and Securities 18,076.64 71,136.64 Banking House and Fixtures ,1 10,850.00 10,850.00 I Cash on Hands and in Banks 102,215.73 120,067.44 Total $351,111.12 $428,010.38 Liabilities Capital Stock ~ $ 37,500.00 $ 37.500.00 Surplus 5,100.00 5,500.00 Undivided Profits 2,642.26 4,664.70 Reserved for Interest 4,000.00 6,000.00 Deposits 300,565.99 374,345.68 ■ ■ 1 Total :. $351,111.12 $428,010.38 OFFICERS: J. C. Gregson, Chm. of Board; J. J. Jenkins, President; J. M. Jordan, Vice President; C. C. Brewer, Cashier; Miss Luta Headen, Asst. Cashier DIRECTORS: J. C. Gregson, J. J. Jenkins, J. M. Jordan, A. A. Self, W. A. Teague, W. B. Teague, Junius Wren, L. L. Wren. all, let me quote: George Stegall, Goose Creek township, last year produced 19 bales on 21 acres. Carl Price, Goose Creek town ship, 25 bales on 25 acres. Troy Williams, Goose Creek township, 10 bales on nine acres. Vander Simpson, Goose Creek < township, 16 bales on 15 acres. Z. K. Simpson, New Salem township, eight bales on five Lonnie Baucom, North Mon acres. roe township, 12 bales on 12 acres. Everyone of the foregoing farmers grows lespedeza and their cotton was grown on les pedeza sod. Most of them are dairymen and chicken growers. ® THE NAVAL A series #f addresses by the rep resentatives of the several nations concerned in the naval reduction con ference in London over the radio the past week has served to inform lis teners in of the view points of each of the representatives of the five nations. I England, of course, has her old time plea that the British Islands are at the mercy of the world except for a sufficient navy. She must live on the products of the dominions and of other countries. France comes to the mark by saying that from the fact that her coast line i= divided into , three parts, she needs as large a navy as practically anybody else. Italy sings the same song. She gets her raw material from abroad and prac tically all of it must come through the Strait of Gibralter, which is j fortified by Great Briton, and be- I ! sides, her coast line is ver-y extensive, j Japan can say the same thing that 1 \ before and probably never again will \ tbe subscribers of this, paper be given tbe opportunity of • this unheard of bargain. Either of these offers carry a variety of high class publications— enough reading for tbe entire family for a whole year. This is a very limited offer so send '' your order TODAY. BARGAIN N*. 1 H ProjireeeiTe Farmer, 1 year \ Alabama Time* (Weekly), 1 year j Borne Circle, 1 year I American Poultry Jonrnal, 1 year \ Gentlewoman Magazine, 1 year / HBlSffli Farm Journal, 1 year L WM AND THIS NEWSPAPER } I For One Year ' I BARGAIN No. 2 Southern Rnraltet, 1 year 'mmmm Alabama Times (Weekly*), 1 year ffjlggP* ,• . Good Stories, 1 year HH|H Home Circie, 1 year mmmm American Poultry Journal, 1 year Farm & P reside. 1 year ■K AND THIS NEWSPAPER BBSuhIsS For Cr.e Year wmA “ YES MR. EDITOR, Send Bargain No— l-to J B Name ■ Jj Town g m State R. F- D. g g| Brin# or mail this Coupon to our office today NOW g JHURSDAY, JANUARY 30, laan Engiand can Without a sufffcUl n3 pi y shf h T a Stance could pour a flood of armed men into the JaLn eSe , i fi and n “ She becarne organS' and the all lm-portant navigation of the seas could be denied her bv tions with whom she cannot cone naval strength. Pe ln r,f ß t U h. S I e T ere ‘ ar J Sthnsan, chairman the U. S. delegation, expressed the growing sentiment in a radio dress Tuesday at 1 p. m „ wh? n t reviewed the history of reduction agreements and stated that th American delegation feels that there are times when more goodwill k greater protection than more shim and that this is one of those times While the other nations have forth their peculiar needs, if England is to remain armed to the teeth all the speakers have breathed a spirit of hope for a considerable re duction. America, according to Sec retary Stimson, hopes to save S6OO - 900,000 in the next twelve years bv the expected agreement to reduce battleship armaments. But he savs * that for the other nations the reduc- I tion of cruisers and destroyers and of submarines would afford the chief . economy. The use of submarines . against merchant vessels is to be forebidden, it is hoped. €> DOLTS FOR BEGINNERS Arthur Kober reports about the complete chump at bridge who was boasting that he had played with the renowned Whitehead, the au thority on the game. “Everything go aright?’' quizzed a friend. “Everything ran smothly,” brag ged the chump. “I played perfectly throughout and did nothing to dis ; please him. That is—except once j when I spilled some cards while ' dealing, and Mr. Whitehead num j bled something about, ‘Good God! ; He csn’t even shuffle!’ ” —New York j Graphic. $ | Two heads are better than one, but j you can’t make the head of the fam ' ily believe it. lALL SEVEN FOR ONLY SIJJ !ALL SEVEN FOR ONLY SIM
The Chatham Record (Pittsboro, N.C.)
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Jan. 30, 1930, edition 1
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