Newspapers / The Daily Advance (Elizabeth … / May 8, 1924, edition 1 / Page 2
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Hoover Talks On Relation Of Government To Business Secretary of (!iniinierci> Speaker at Annual Meeting I nited State- (!haml>er of I jiinnince in S<---ii>n at < le\e )ati<l Oliio. Show- Neee-fitv lor New Standard Ch \. lanJ. y. V v I. ' ? the a !.!r- ? : .? ? ? . ? i ?. ? . mere** H?? t ? . ri i ? ? Of the I rii- ; ? Com i:k?-rr< I?- r i.:.'-: Vo ir . Ill it t <4 I ? ?t - : . > ? .. : recomn- m: . . u; ?i i ; ::t Hii'jn* - i ? i repot t Mf ir.t. i ? ?. [ v. i u ? ?, .|i Cllss 11:? \\ 1) !> - ;"? ? r In j?? w ? !??]? sense ;.ti.) in ? I ? t? I?. :?.?? ?Cov j ?} ii!mit t? Th'1 ndvaueom :jt of m i' two our increa.-in;.; p'ljMil.it ic|? t .?i in constantly new : iciiularil* of ??.induct and breed an increasing mu11irn?:<? of new rules and regulations TIk- basic principles luid down in the Ten Com mandments and the S-rmon on ih? Mount arc as applicable to-day as; when they were declared, hut thev require a host of subsidiary clauses'. The ten ways to evil in the time of Moaes have increased to ten thous and now. A whole host of rule* and re gulations are necessary to main-l tain human rights with this amazing' transformation Into an industrial i era. Ten people In a whole county, with a plow apiece, did not elbow' each other very much. Hut when we put seven million people In a country with the tools of electricity, steam. 30-floor buildings,' telephones, mis cellaneous noises, street curs, rail ways, motor, stock exchanges, and what not, then we do Jostle each other in a multitude of directions. Thereupon our law makers supply the demand by the ceaseless piling up ot statutes in attempts to keep the traffic open; to assure fair deal ing In the economic world; to elimi nate Its wastes; to prevent some kind of abuse or some kind of dom ination. Moreover, with Increasing education our senses become more offended and our morul discrimina tion Increases; for all of which w.? discover new things to remedy. In one of our States over 1,000 laws and ordinances have added in the last eight months. It |* also true that a large part of thetn will sleep peacefully In the statute book. The question we need to consider Is whether these rules and refla tions are to lie developed solely by Government or1 whether they can not be In some large part developed out of voluntary forces In the nation. In other words can the abuses which glTe rise to Government in business be eliminated by the systematic and voluntary action of commerce and Industry itself? This Is Indeed the thought behind the whole gamut of recent slogans "I,ess Government in Business." "l^e** Government Re gulation," "A Square Deal," "The Elimination of Waste," "Better Business Ethics," and a dozen others. National character can not he -built 'by law. it Ih the sum of the moral flbro of Its Individuals. When abuses which rise from our growing system are cured by live Individual consclenoe, by Initiative in the crea tion of voluntary standards, then is the growth of moral perceptions fer tilized In every individual character. No one disputes the necessity for constantly new standards of conduct In relation to all these tools and In ventions. Even our Intest great In vention?radio?has brought u host of new questions. No one disputes that much of these subsidiary ad ditions to the Ten Commandments must be made by legislation. Our public utilities are wasteful and wjtly unless wo give them a pri vilege more or less monopolistic. At once when we have business af fected with monopoly we must have regulation by law. Much of even this phase might hnvo been unneces sary had there been a higher de gree of responsibility to the public, higher standards of business prac tice among those who dominated these agencies In years gone by. There has been, however, a great extension of Government regula tion and control beyond the field of public utilities into the fields of pro faction and distribution of com modities and credit,. When legis lation penetrates the business world t I* becauae there Is abuse some where. A great deal of this legis lation la due rather to the Inability of business hitherto to so organize M to correct abuse than to any lack of desire to have It done. Sometimes the abuses are apparent than real, but anything Is a handle for de magoguery. In the main, however, the public acts only when It has lo?t confidence In the ability or willingness of business to correct Ita own abuses. Legislative action Is always clumsy?It Is Incapable of adjust ment to shifting needs. It often enough produces new economic cur rents more abnslve than those in tended to be cured. Government too often becomes the persecutor Instead of the regulator. The vast tide of these regulations that la sweeping onward can be stop ped It It la possible to devise, out of the conscience and organization of bualness Itself, those restraints IT NEVER FAILS "Gets-It" rai CORNS Sold In Thta CUT By ~ APOTHBOARV SHOP CITY DMTO ?A il] ft I II H U tl ??11? I |ir<>ur> in our !'? "I4'" ? I ;in: ??M" of those who l>i liev?* in the >'.'it?i tr >iii;u of ihIm< i.i li>?n>-My. ill-- fin?? v. in of m rvic.- ami kintlli i: ss in our <*itiz? nship. The vast volutin' of goods and svrvici's that tl -illy Mow through the-land would cease instantly were it not for the instinctive dependence of our people upon the moral responsibility of the men who labor in the shops and: farms and the men who direct our, production and distribution. In these times of muddled} thought It is sometimes worth re peating a truism. Industry and commerce are not based upon tak ing advantage of other persons.! Th?-ir formations lie In the division of labor and exchange of products. For through specialization we In crease the tolal and variety of pro duction and secure its deffuslon into' consumption. By some false anal ogy to the "survival of the fittest"! many have conceived the whole bus-! Iness world to be a sort of economic "dog eat dog." We often lay too The Apotliecury Sbop PKOiSK 400 A Good Drug Store much emphasis upon its competl-! 111vt* features, too littl** upon the fact tli.it it is in essence u great I cooperative effort. And our home made liolshevist'tninded critics to tin* t'oT?trui>. th?* *hole economic >iructur?' *? f ?uir nath ii ami tin* sur viv.il ' f o.ir !.:?*!. tfeu* r;il lev* Is of comtort :?r?' ?lep n?l?*nt upon th^ maint* tiam-v ami Ucvelopiu* nt of I'-acl*-! t! tie W'?:;i r: sn iustry ami Any contribution t ? lur;:e pr ?.'.'i< *.i i:. ??? \vi i r ilkffu . ?ion nf tlilrjjr- ??< ti ;i.n?i I. ainl eti ; > 4 i- ? r\... ? i *c 'mmj nrv j !;? - :j whi l:o!i?*stly ;n> <??:.lp!:? it ? ? I ? i puM: ? T.l* ''lit.:* v.- jil! I i s?*:irjll Hon of th** method by which the' business world can develop and en force it* own hiandards and thus ?tern the tide of Governmental regu lation. The cure does not He In mere opposition. I: lie* in the corr?-rti?iu of abu**-. It lies in the n(!a|itabil:*> to chatming human out look. T!i pr'i|<3? ni ??f buoiiu etliirs. a> a pr? ??? abti*e i-* of two cat?? >;ori.s. t1. ? ? v t.;e stun ! ? ii: u> -l c:? i a- ?- s Mil' 31! 1.1 \Ci \V ;.i i' t ? ra ???? 1; \vuh<' T. T. > Could You Be Selfish? I ?i* JUST because you won't 1>p a witness of their in "j! convenience and loss, could you any the less fail X to arrange for the comfort and happiness of vour $ family?hy MAKING A WILL? % ? DOS T PUT IT OFF! ? DISCUSSION OF THESE MATTERS IS CONFIDENTIAL. COME IN AND TALK ? IT OVER. X .1. | TRUST DEPARTMENT | First & Citizens | National Bank | ELIZABETH CITY, N. C. 4* ?V-W-'-V-V-V djll good oils have names Ihe name on the can is worth a whole lot to ?you. It enables you to get, with certainty, the grade of oil which you ^now is best Icyjpwr engine. Without (Tyou could never be sure of correct lubrication. When a man is proud of his product the first thing he does is to give it a name. Then, having given it a name, he leaves no stone unturned main tain or to raise the original stand ard of quality. Every good oil has a name. Be ware of the nameless oil. For your motor's sake, select a good motor oil?and then buy it by name, always. In asking for "Standard" Polarine yo* have the satisfaction of get ting a product whose high qual ity has made it the standard among oils for many years. Your motor will thank you. STANDARD OIL COMPANY (New Jersey) Buy the best oil but buy it by name? and the name is "Standard" Palarm* Oils you canctrustl STATEMENT .North (Carolina Stale Fire Insurance (".onipany liiM'ky Mount. N. <i. Condition IWcmlNT :il. a* Shown by Statement I'llwl. A mount of Capital paii! up iti rash . . $ 50.000.0V Amount of !.. I'-.r A*s? !?* !)? iiiIh r ::ist of ;.r. vi?.ys y?ar. $*3,980*0; Iiici? a?s?- i?f paid-up Capital. n.Total S 3. V ^ 0 lar.un- -Fmuji l\jr vi.ol.p - 113. I *. 7 0; Mi*c? Ita::-II. l'?8.31; Total 20.117.C7 I)i: hin>. m. ins To 5. ?:*; Misc? !l:u 110.*> 13.!*:;: Total .......... 19,043.1*3 rir. lii.-ks - Wi itl ?: * ;? .?u >? ar. $.7 l ". ? v ? : 1: i I :v . ... 1 ??'09 A*-l;TS v?.???? - c??t !:? .?i i: ? i?. .. $? i.2?7.:?o V.i* i-f :.,S ;,?.r! 1V.3"imhI ' !i i:? Co- *:-*?:?>* > 1 ie- .. . ... - ^.7!? I???>??}.jr. <i i.t Ti i<t C?'t i!?;? 'si* a at..l !" n\*? :? ?? ?-n ii.a? "? >t 7. ? ? 7^ Ai? nts? 'j'il.iii?*? -??. tvpn m writi* ft mi*' =? ?i'i? :.t l ? Oct obi r I. 192*1 . .... . - 2."r.7.r> IntiTcst arid lt? nts di?- anu j.crru-d '? 1.4*9.03 Total adri;iti- <1 A-s.ts ?.$90.3M.3L i.imui runs Not amount of unpaid losses and claims - $ 722.30 Unearned premiums - 14.893.3s* Total nmount of all Liabilities except Capital $15,015.S3 Capital actually paid up in ca?h 550.000.00 Surplus over all liabilities 24.705.4*1 Surplus as regards Policyholders 74,705.40 Total Liabilities 190,381.31 I business lit North Carolina During 1023 Fire Risks written. $1,023,117; Premiums received, $15,91S.70. Losses incurred?Fire, $7,178.00; Paid, $0,505.08. President, Dll. M. R. BROS WELL. Secretary, W. S. WILKINSON. Treasurer, J. C. BKOSWELL. Home Office?Rocky Mount. Attorney for.service: STACKY W. WADE, Insurance Commissioner, Ra leigh, N. C. STATE OF NORTH CAROLINA. (Seal) INSURANCE. DEPARTMENT, Raleigh, Feb. 1, 1924. I. STACEY W. WADE, Insurance Commissioner, do hereby certify that the above Is a true aud correct abstract of the statement of the North Carolina State Fire Insurance Company, of Rocky Mount, N. C., filed with this Department, showing the condition of said Company, on the 31st day of December, 1923. Witness my hand and official seal, the day and year above written. (Signed) STACEY W. WADE, may8,9 Insurance Commissioner. CALL US for Fresh Vegetables and Spring Chickens WE HAVE STRAWBERRIES TODAY and Will Have Squash and Cucumbers Friday Included In our fresh vegetable* today are Snap Hearts, Xew Irish Potatoes, Cabbanos, Carrots, Lettuce, lleets, May I*eas, Kpinacli, Spring Careens an<l Spring Onions, aiul Celery. Oranges and Grape Fruit 6()c a Peck J. W. Shannonhouse & Son The Sport This "Sport" model Is made of genuine C & C Tony Rlack Spar tan Calf, with Trouspr Crease Vamp, smartly set off by a top panel or Camel Grain Leath er. It Is n strong favor ite for Spring. OWENS SHOE COMPANY When You Need Gasoline Think *f newput and most up-to-date Gasoline and Service Station in yow City. Tidewater Buick Co., Inc. THE OLD HOME TOWN " BY STANLEY 4r Uva ft ! cs^- > 0$ "* V N t-?tV { waj
The Daily Advance (Elizabeth City, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
May 8, 1924, edition 1
2
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