PAGE TWO
THE ENTERPRISE I
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Entered at the po»t office in Williamston, N. C..
as second-class matter under the act of Congress
of March 3, 1879.
Address all communications to The Enterprise
and not to the individual members of the firm.
Friday, October 2, 1931
!
A Wasteful Practice
Farmers are hauling hundreds of thousands of
pounds of tobacco to North Carolina markets daily
and selling it for half a cent a pound—and half of
that is required to sell it.
They should throw all such stuff out without grad
ing because it is not worth the time required to grade
and tie it, and, too, it helps to demoralize mar
ket and lower the price of better grades.
The warehousemen generally hav to buy it in, and
it is a nuisance. -
Our Shining Cold
Our Federal Reserve Banks are boasting of the
great surplus of gold. Still it seems to us vainglory
to boast of our shining gold, while many millions of
our population are going hungry.
Just so long as the value of every lick of work done
and every morsel of food in our country depends on
a pile of hidden gold, just that long will hard times
prevail.
If some of that gold is brought out where it can
shine a little, it will brighten up business.
\ _
More Honesty
The mayor of Chicago is having a hard time en
forcing the law. Some of the city's judges have just
turned loose 125 gamblers, the judges dismissing the
cases on technical grounds of one kind or another.
Evidently the judges have too many friends among
the lawless gang for law-abiding citizens to ex|)ect jus
tice in their judgments. They apparently release the
blackest criminals on the most flimsy technicalities.
More honesty is what we need.
Will the Bustle Come Back?
Honestly, it has seemed for years that the bysfJe~
wxs gone forever, since the trend of style has swung
so far to the slim side, even almost to the "l>ean-pole"
type-
Now that some of the fancy Parisian ladies are put
ting on the bustle, we expect to see the style sweep this
country of ours like a whirlwind. Of course, we have
no objection. It will really form a little more cover
ing for women, which has been rather scant in some
instances.
It may cause a great boom in the cotton market,
if the cotton people will seize the opportunity to force
the use of cotton in the bustle factories. It will be
remembered that some 50 years ago the average wo
man wore about as much steel wire on her lower back
as it now takes to make a spring mattress, so if the
bustle does reappear, the question is, will the cotton
farmer or the steel trust get the business?
It is estimated that if the bustle craze strikes our
country like most fashion storms which hrew in Paris
do, that about 30,000,000 women will soon be wearing
bustles. If the same size is adopted that prevailed
in the last craze, it will require at least 15 pounds of
cotton to make a bustle, and it would take one mil
lion bales of cotton to fill the bustle orders.
American scientists and business men have been
frying to find new uses for cotton, but it takes the
little Parisian flapper to tell tbem where to put it.
Cotton farmers, buck the steel trust.
Ajt Experiment Likely To Fail
The University of Chicago has laid aside all that
Solomon said and all that has been practiced through
out the previous centuries, and are letting 725 of its
young men do just as they please just when they
(eel like it.
They have no masters, other than their own sweet
wills. They study what they please, when they please,
and where they please, and quit when they get good
and ready.
It may be that a few of the fellows will do well,
because there are a few folks who apparently, by na
tive, are good and true, and such may do quite as
well as if guvemed by any specific rules. But the great
weight of experience is against such a policy. Most
human beings, all the way from the cradle to the grave,
Me so constituted that they need some restrictive and
guiding band to help them over difficulties and hold
tbem back when going down hill.
Ole of oar greatest troubles today comes from the
fact that we have all had our way too long. Chicago
wifl most likely fail in this experiment.
♦
PUBLISH BO KVKHY
TtiMDAV »*C miPAY
Gulf Is Widening
The differences between labor and capital are get
ting too wide. &abor has sweated too much and got
ten too little—a condition that can not go on forever.
The public is fully aware that capital wants to own
the legislative, judicial, and executive branches of our
government —national and state. They know how
hard it is to get a fair law passed, judicially ap
proved, and honestly enforced when the capitalistic
i interest is at stake.
The people are not going to always tolerate a govern
ment that permits a few money kings to dominate
every branch of it, which is now being done. Noth
ing can be done for the people until business is con-_
suited, and if it hurts business and help# the public,
it is never done. «
ft .
A Financial Racket
The present financial policy of the Hoover admin
istration is called "A Financial Racket" by the Wash
ington (I). C.) News, a newspaper of power and abil
ity, which was influential in securing the election of
Mr. Hoover to the presidency. At this time, when
! indivdual credts are so tight business and manufact
uring are halted, Mr. Mellon can sell millions of bonds
at a rate of interest less than 2 per cent. To issue a
billion dollars of bonds to pay running expenses of
government is financially unsound. It is part of the
whole fiscal policy at Washington. It is based largely
upon relieving the over-rick from taxation and letting
tax-dodgers buy tax-exempt securities.
The News, in a well-considered editorial, discusses
the situation in the clearest and most illuminating
way, pointing out how unjust and dangerous is the
poljcy Qf the Washington administration. The edi
torial is so sound and informing it is given in full
below:
A FINANCIAL RACKET
The Federal billion dollar bond issue looks to us
like a financial racket. Millionaires and |x>liticians
will profit at the expense of the peope and the Gov
ernment. . . "
It s a vicious method by which the Administration
evades its duty of balancing the Federal budget and
ho|)es to postpone the necessary tax increase until aft
er the next prsidential election. It is an attempt to
make the next generation pay for the follies and de
pression of this generation. It is a scheme of escape
for the huge fortunes made during prosperity, which
should now carry the tax burden of the depression
partly caused by that over-concentration of wealth.
It is indenfensible on financial grounds. It is in
defensible on economic and social grounds. It is in
defensible on moral grounds.
* ♦ ♦ «
First, it is financial fallacy. The Government has
been borrowing and can continue to borrow short
term money for less than 1 per cent in these times of
credit surplus. To put out $800,000,000 worth of
24-year bonds at 3 per cent and $300,000,000 worth of
one-year certificates at 1 1-8 per cent, as Secretary
Mellon proposes, is to enrich the bankers and the
bond-holding class at the expense of the Government,
which can get cheaper money.
♦ ♦ ♦ *
Second, it'aleconomic fallacy. It increases the over
concentratior* of wealth in a relatively few hands, and
thereby further curtails the consuming power of the
mass of the people upon whose purchases a revival of
prospepify depends. The concentration of wealth in
the fiands of the few is already so great that they can j
find no immediate use for their money. Today even
banks limit the size of deposits, so large is the credit ,
surplus. Thus the rich must hold their money idle,
or put it into industry to revive business. They are
not doing the latter, because the immediate profit
prosjwets are not large enough to suit them.
So for many months the very rich have been press
ing the Government to take their money at an inter
est rate above the market. This is now precisely what
the Government proposes to do.
Instead of the rich helping the Government, through
taxes to make up the depression deficit, the Govern
ment pays the rich in the form of interest and caps
the deal by exempting the bonds from ordinary taxes.
Earlier this year, the same administration fought
against a soldiers' bonus bond issue with the argu
ment that a large Federal bond issue would ruin the
private bond market, and drain off the funds which
should be going into industry and construction through
private bond issues. If that Hoover-Mellon argu
ment was true then, it is true today.
Third is the moral cost. Last year's Federal deficit
was almost a billion dollars. On the basis of this
year's record to date, it is estimated that the current
annual deficit will be upward of one and a half billion
dollars, or two and a half billion dolars for the two
years.
If there is such a thing as political morality, we be
lieve that morality dictates a pay-as-you-go policy.
We belieVe it is socially dishonest for the richest na
tiorf in the world—at the end of the highest period
of prosperity ever known at any time anywhere—to
load the next generation with debts resulting from our
own governmental extravagance and private greed.
When Great Britain faces a deficit of a mere $600,-
000,000, it overthrows the government to force a bal
anced budget in advance. But when the United States
discovers a billion dollar deficit after the fact, the
Hoover Administration calmly proceeds to increase
that deficit toward the two and a half billion mark
without even a proposal to raise money to pay the
bill. The Hoover Administration siniply goes on bor
rowing, with the easy promise that the Government
of 1955 will pay the debts of 1931.
If the explanation of this unwise and unjust policy
is not partisan political expediency, we wish some one
who knows would broadcast the true explanation. It
will take a lot of explaining to convince the country
that this Is not a racket of the politicians and the big
campaign contributors.
THE EN TERPKIBE
URGES CANNING
MORE TOMATOES
Minimum of Nine Quarts
For Each Member of
Family Needed
—„ + i '
If every member oi "the family does
not have a minimum of nine quarts
of canned tomatoes for food this win
ter, more should be canned before the
season closes.
"Kipe tomatoes contain valuable
food elements that are necessary to (
t:ood nutrition and when grown and ]
canned at home provide an inexpensive
food," says Miss Mary Thomas, ex
tension specialist in nutrition at State i
College. "Tomatoes are valuable in
the diet, whether raw, cooked, or
canned. They must be substituted for
oranges, and they rank with these as
one of the richest sources of vitamin
C. They arc superior to oranges as
sources of vitartiins A, B, and G. This
means that the tomatoes contain those
food elements which promote growth
and help to keep , the tissues of the
I eye, car, nose, and throat resistant to
infection. They simulate the appe
tite, aid in the digestive processes, and
prevent pellagra. Tomatoes should be
eaten at least three times a week
throughout the year."
In planning the supply needed by the
family this winter, be sure to count in
the baby, says Miss Thomas. Babies
grow better, show less tendency to be
anemic, and develop better teeth if vit
amin C has been a part of their reg
ular diet since infancy. Every mem
ber of the family should have at least
nine quarts canned by now for use next
winter. If this amount has not been
canned, a new supply should be con ;
served before the season is gone.
Miss Thomas claims that ho other |
garden product is easier to can orvnay
be used in such a variety of ways. No
other garden product will do more to
protect the family health and pocket
book next winter.
LESPEDEZA SEED
OFFERS SOURCE;
NEW CASH CROP
Growers in Middle Belt To
Make More Money On It
Than On Cotton
Growers oj certified lespedeza seed ;
in Piedmont North Carolina will :
make more money, this season, and
will find the crop more profitable than
cotton.. • # j
"Last week, I visited the
a number of lespcdcza growers in
Piedmont Carolina who will pay old
debts, cancel mortgages and build new
buildings from the sale of lespedeza
seed, part of which they have already j
contracted for at good prices," said j
W. 11. Darst, director of the seed im- 1
provement work at State College, who
has been out with four men for the
past several wepks inspecting lespe- 1
Rocky Mount Fair
All of Next Week
October 6, 7, 8, 9, and 10th
Miller's World of Fun Shows on Midway
■■mm—mrn^rn^mm mmm—m-mmmm—mmm
FIREWORKS EVERY NIGHT COTTON FESTIVAL WEDNES
AGRICULTURAL EXHIBITS DAY
T LOCAL RACING DAILY MOTORCYCLE RACES
PUBLIC WEDMNG WEDNES- AEROPLANE STUNTS DAILY
BAND CONCERT TWICE DAILY 000 SH °!L^E^F^ DAY AND
AUTOMOBILES RACES THURSDAY
PROFESSIONAL RUNNING . BATHING BEAUTY CONTEST
- RACES TUESDAY NIGHT
BABY CONTEST TUESDAY PONY RACES FRIDAY
* » t ♦ * ,
We Will Not Accept Cotton
THE GREATEST FAIR EVER HELD IN EASTERN NORTH CAROLINA,
AND WE INVITE THE PEOPLE OF MARTIN COUNTY TO ATTEND
V
Rocky Mount Fair Co.
R. R GAY, President NORMAN Y. CHAMBLISS, Vice President
WILLIAMSTON
NQ..TH CAROLINA
,'deza for seed certification.
! Mr. Darst says some 4,500 acres of
l«*p«deza will be inspected for cer
' tification in that section of the State
this year. This acreage will produce
'about a million and a quarter pounds
iof seed, and though all of this will not.
:pas; the certification tests, much of it'
will. Mr. Darst reports on one grow-|
er, who is' building a new dairy barn
J - ——
I Good Sales Being Made
I at t
[Farmers Warehouse
Williamston, N. C.
Smoking Tobacco is selling better, and this is the month to sell your
§| good tobacco. Come to see us, and we will assure you a good sale.
We have a first sale Monday, and we are expecting a big sale, so come
M early to avoid the rush. We will start weighing Sunday night at 12 o'clock,
'1 so you can get your tobacco on the floor any time you get here.
m
DON T FORGET WE WILL HAVE FREE GOV
ERNMENT GRADING, WHICH WILL BE AN
| ADVANTAGE TO YOU. I
Below are a few averages made on our floor this week: '
HOYT BARBER & SIMPSON . G. R. BOYD
l| „ m Mm 6* 800 $ 528 ■
H 20 32 * "• 58 14.00... 8.12
m !?! I'Sa' 690 44 ,50 ° 660 H
m S la'S 2? 40 138 1S 0 ° 2139
m "j "IS 110 2000 2200
sEji 17$ 21.00 -■ v I 37.38 ?cnn 11
m 198 21.00 41.58 2500 1150
H }" V \\\\. 462 Totals $74.89
I !,» IIS »J0 AVERAGE $16.20
N. S. ROBERSON, .
|| 1.?42 Totals $260.67 104 12.75 ." $ 13.26
, 116 16.50 19.14
AVERAGE $19.29 116 22.00... 25.52
104 25.00 26.00
. 156 25.00 39.00
D.B. SAUNDERS To , a „
§| 86 8.00 $ 6.88 AVERAGE $20.63
■ 102 12.50 12.75
|. 128 ... 17.00 21.76 JOHN GURKIN
IS 162 23.50 ; 38.07 110 1 6.50 $18.15
|§ 142 29.00 41.18 122 19.00 T 23.18
m 158 30.00 47.40 134 24.50 32.83
M 206 32.00 65.92 106 28.00 29.68
n 17H 35.00 62.30 216 32.00 69.12
g 124 36.00 44.64
I 1162 T " ,a " ?29 " 6 SiT - Totals "sius
AVERAGE $25.75 . AVERAGE $26.79
and concrete silo that he will pay for
with his seed money this year. His
seed has a value of (10,000 now. An
other man said he would pay an old
note for $6,000, because he had con- '
tracted to sell his seed for SB,OOO. An
other said he will buy an additional
. farm this year, and many others told j
' of their plans to clear up indebtedness j
' of long standing.
North Carolina is taking the lead in
Friday, October 2, 1931
growing lespedeza seed under the cer
tifiation guarantee, and the market for
the seed bids fair to hold good for
some years. Even were there not a
good market for the seed, the crop
plowed under will double the yield of
corn; will prevent soil erosion; will
'make good permanent pastures, and
! will greatly increase the general fer
| tility of any farm on which it is
grown, said Mr. Darst