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HUGii CORPORATION j
TO RELIEVE NATION
IS BEING FORMED
(Continued from page cue)
and they axe being put through the
.Senate and House on that basis. Or
dinarily Congress would not commit
itself on proposals of so important a
character without waiting to hear
t rqp- the country. In this instance
the public relies upon .the fact that
the measures have secured non-par
tisan support in both the Senate and
the House. Only three Republicans
and five Democrats voted against the
Reconstruction Finance Corporation
bill in the Senate. For our own part
we rely largely upon the fact that
Senator Carter Glass of Virginia,
who kn'X s more about such matters
than any one else in Congress, voted
for the bill.
"There is another reason for think
ing that the Reconstruction Finance
Corporation will prove a valuable
emergency measure. It is modeled
after the War Finance Corporation
which proved enormously useful.
That agency not only aided in fin
ancing essential industries during the
World War but it was also invalu
able in the post-war years in facili
tating loans for the export of agri
cultural products and in reconstruct
ing credits for domestic production
and marketing. "Its very existence,"
as was Brought out then, "with large
funds at its command, tended to in
spire confidence, opened up other av
enues of credit, and facilitated the
financing of transactions through the
usual channels.'' It is confidently be
lieved that the Reconstruction Fin
ance Corporation will be able to ac
complish similar results now ? and
much larger results, it is hoped, for
its powers are broader. S
"As we understand it, the plan is
to put the credit of the Government,
to the extent of two billion dollars if
necessary, 'beneath the private credit
supporting the present going busi
ness structure.' That would be a very
objectionable thing to do in normal
times, but these are not normal times.
The board of seven which will con
trol the corporation will be clothed
with the largest authority. The idea
is not that they will undertake to
breathe a value into securities which
are in fact valueless; but that they
wilt thaw out sound values that are
frozen under existing conditions, will
put the banks in position to take care
of legitimate requirements of busi
ness, will give very practical assist
ance to the exporting of such com
modities as cotton and in general
"?ill relieve the existing credit conges
"A practical illustration may help
i indicate the probable workings of
the pfan. The December 31 statement
of a port city bank showed a consid
erable amount of money as having
been loaned secured by acceptance of
'?otton at SI 8.25 a bale. Now $18.25 a
bale is a little over three and a half
vents a pound. In other words, the
bank in question had been willing to
arrange credits for the cotton ex
porters of its community. But it had
not felt that it could finance these ex
ports at' more than $18.25 a bale, or
about three cents a pound under the
prevailing market price ? or, to put it
another way, at about half the
market price or a little better.
"This was sound banking as things
are today but it is obvious that when
the exporter can finance his cotton
exports at only three and a half
cents a pound for cotton or there
abouts his shipments must be cur
tailed seriously. It is stated, indeed,
that cotton exports for the present
season could have beer doubled if sat
is^actorv cvedits could have been ar
ranged; and that would have helped
the cotton situation enormously. Back
in 1921 or along in that period the
War Finance Corporation was able
to start cotton moving abroad with a
credit of only five million dollars. It
was prepared to arrange very much
larger credits but they were never
needed. The initial $5,000,000 did
the work. Probably a relatively small
credit will do the work now once it
is known that banks can assist in a
matter of this kind with the assur
ance that the Credit Finance Cor
poration will be behind them if the
need should arise.
"That is only one way in which
che Credit Finance Corporation is ex?
oected to help. Its hig service should
be the removal of the fear that has!
hung over the Danks as well as over
business in general and that has com
pelled the banks that were liquid to
maintain that liquidity far beyond
the normal. Fear, as we have said
many times, is not a major cause of
our present troubles but it is a ma
jor cause of the inability of business
to get going again?'
MASS MEETING TO
BE HELD AT COURT
HOUSE JANUARY 30
( Continued from yape lone)
| well as the men of the council, to at
I tend a meeting at he* home at David
son River on Saturday of this week.
Plans will be discussed for making
the county-wide survey listed as one
of the first essential steps toward
putting the 6-10 year program in
operation here. The meeting will be
held at 2:00 o'clock.
Ladies of the county who are
.present members of the committee of
farm women are: Mrs. Charlie
Gravely, Ea?t Fork; Mrs. Martin
Shipman, Mrs. Claude Shuford, Little
River; Mrs. Jordon Whitmire, Mrs.
T. P. Galloway, Rosman; Mrs. F.
Henderson, Mrs. Tinsley Brown, Con
!nestee; Mrs. J. N. Williams, Brevard,
Route 2; Mrs. Sam McCullough,
Cherry field; Mrs. Bates Patton, David
i Other ladies of the county are
j expected to be added to this working
'committee as the work progresses.
ONLY THREE BANKS
! CLOSED LAST WEEK
I Raleigh, Jan. 13. ? Only three State
Jbanlfs closed in North Carolina last
; week, indicating an improvement
|over the week before, when 15 closed,
j Those closed last week were the Cal
'donia Savings & Trust Co., Fayette
; ville ; the Bank of Yanceyville, and
the Bank of Pender, Burgaw. Com
jmissioner of Banks Gurney P. Hood
'expresses the belief that liquidation
' has practically been completed and
' says there are now very few weak
'spots in the state banking system.
I Observers, say practically every state
I bank closed in the last few weeks was
I due directly to the closing of a Na
|MUST HAVE LICENSE
j ON CAR BY FRIDAY
I Brevard. News Bureau
; Raleigh, Jan. IS
( Tuesday of this week is the day set
] by Chairman E. B. Jeffress, of the N.
C. Highway Commission for highway
; patrolmen to begin active work on
motorists who do not have 1932 lic
enses. After Tuesday they will be
sent to a license bureau or ordered to
i park. After January 15, arrests will
; be made, Mr. Jeffress said. Exten
sion of the time, while a convenience
to many, has been taken advantage
? of by others, it is stated. Licenses for
1932 have dropped to 192,320, as
compared with 219,119 at this date
jlast year. Officials expected a de
crease, but not the more than 26,000
AND IT HMS EVEN SO
i And it came to pass that a GREEN
i salesman read in BLACK and
I WHITE that business was bad. And
jlo, when he beheld these tidings he
became BLUE. For he was YEL
LOW. And he spake, saying, "Woe is
me! And likewise Whoa! For I am
stopped. Behold the wheels of indus
try are at a standstill. And there are
none who will buy my wares. Thus
! let me sit upon my brief case, and
| don sackcloth and ashes. For evil
i days are upon me." And it was even
so. But there was in the same land,
!a RED BLOODED man who passed
that way, saying, "Brother why sit
test thou thus in sackcloth and ashes,
with a countenance BLUE as indi
go?" And the BLUE salesman ans
wered, saying "Hast thou not heard?
Lo, business is bad. The wheels of in
dustry are stilled, and there are
none to buy my wares." "How get
test thou that way?" responded the
RED BLOODED salesman. "And
where dost thou procure that stuff?
For behold I have this day gone
forth and secured four contracts,
each decorated with the customer's
John Henry. "For lo, this is a season
i which promiseth much prosperity
for the willing worker. Be thou not
1 dismayed by talk of depression, for
jit is but the croak of him who hath
la calamity complex." And it was even
I so. And when he pondered these
; sayings, the BLUE salesman arose
;and shook off his ashes, saying, "Now
[I will procure a shoe shine and a
| shave and fare forth to break me a
ifew sales records, for, lo, I have seen
; there is business to be had." And it
was even so.
SPECIAL -? 25c PINT
Full Line of Fresh Meats, Cured Meats, Fancy and
Staple Groceries, Fruits and Vegetables.
PHONE YOUR ORDERS
S. F. ALLISON, Manager
PHONE 47 19 MAIN ST.
POLAND CHINA PIG
OFFERED AS PRIZE
Interest in the contest to choose a
slogan for the 5-10 Year ?. Program
should rise to high fervor over the
announcement made over station
WWNC Friday night during the reg
ular weekly farm program that the
second prize was to be a spotted
Poland China sow pig of champion
ship breeding. The pig which will be
from three to four months old will
,be donated by Mr. John Wilt, of the
'Wilt Farms, Hillsboro, Indiana.
I Mr. Wilt had sold E. A. Fonda
i whose farm is at Weaverville a very
J fine boar and in the correspondence
jhad learned of the contest being held
for members of 4-H Clubs, vocational
agricultural and home economics
J classes. His offer was entirely volun
I tary and is a wonderful opportunity
for some boy to start a herd of
! foundation stock from the world's
'champion herd of spotted Poland
i China. The gilt is sired by a world's
champion boar, and will be register
| ed, the papers being delivered direct
i to the winner. Such interest is being
. created in the 5-10 Year 'Program
| that pigs from such breeding should
I bring a premium next year.
I The first prize is to be the choice
of a Jersey or Guernsey purebred
! heifer and the third prize, 100 baby
chicks, donated by the Farmer's Fed
eration Hatcheries at Acton.
The contest is a very simple one
and every boy and girl eligible in
Western North Carolina should en
jter. More than one slogan can be en
j tered by one person. The slogan
| must not have more than three word -
in it but the use of the letters W.N.C.
! would not count as a word. To illus
trate, "W.N.C. Organized Farm
Movement," "W.N.C. Farm Pros
'perity Program," or "Diversified
I W.N.C. Farming."
i LOOK AND LEARN
I i_Who uttered the words, "Liberty
\ and union, now and forever, one and
j 2 ? What is the derivation of the ab
breviation 0. K.?
3 ? How many words are in the
j average novel?
! 4 ? Has an infidel ever been presi
dent of the U. S.?
t 5? What is the longest river in the
United States, and how many miles?
6 ? Who was Commander-inChief oi
the U. S. Army during the Mexican
| 7 ? Are natives of Alaska, the \ ir
gin Islands, and Hawaii citizens of
the United States?
I 8 ? What is a panacea?
9 ? Who was Italy's great sculptor?
I io ? What is the greatest natural
wealth of England?
| 11 ? Who was vice-president durinsr
the administration of Woodrow Wil
I 12 ? In what states are the Guada
, lupe Mountains?
13 ? Why is a spider not an insect?
14 ? Who was the poet of Scotch
' chivalric legends?
! 15 ? On what river is Knoxville,
16 ? Who was the founder of
! 17 ? How many miles of railroad
are there in the U. S.?
18? What planet is nearest to the
I 19? What metal expands by heat
less than any other?
i 20 ? Which European country is
j 21 ? What was the first coin pro
; duced by a U. S. Government mint?
22 ? Who was the first President to
.draw the present salary of $75,000 a
I year? .
23 ? Which is the most ferocious of
the bear family?
24 ? On what date in the Civil War
did Lee surrender?
25 ? What straits at the southern
end of South America are named for
a celebrated navigator?
26 ? What Biblical character said,
"Am I my brother's keeper"?
27 ? What state contains both the
highest and the lowest land?
28 ? What is the branch of zoo
ology that treats of birds called?
29 ? Whom did Pocahontas marry?
30 ? What is the largest city in
1 ? Daniel Webster.
2 ? Okeh is a word taken from the
Choctaw Indian language .and means,
"It is so and in no other way."
3 ? Between 60,000 and 125,000.
4 ? No; though religious faith is
not a reguirement.
5 ? The Missouri River, 2900 miles.
6 ? Sam Houston.
8 ? A cure-all.
9 ? Michael Angelo.
1Q ? Coal and iron.
11 ? Thomns R. Marshall.
12 ? New Mexico and Texas.
13 ? Because it has eight legs in
stead of six, and has no wings.
14 ? Sir Walter Scott.
15 ? Tennessee River.
16? Captain John Smith.
x 7? Approximately 375,000 miles.
oi ?r?r^Per eent
22? Wilharn Ward Taft.
23? The grizzrs i?,.
24? April 9, 186Keal'
25? Straits of Mage
26 ? Cain.
27 ? California.
28 ? Ornithology.
29 ? John Rolfe.
30? Cario, Egypt.
"I am not bound to win, but I am
bound to be true. I am not bound to
succeed, but I am bound to live up to
what light I have. I must stand by
any body that stands right. Stand
with him while he is right and part
with him when he goes wrong."
WELFARE BOARD IS
DOING DOUBLE DUTY
IN GREAT PROGRAM!
( Continued from page one)
plan for cleaning up unbecoming!
Miss Kern announced Monday that |
several individuals and institutions |
of Brevard have made unusually;
generous donations to the Welfare j
Board, to be used in their work. Mrs. |
J. S. Silversteen, Plummer Co., Miss '
Emma Bagwell, Mrs. C. 0. Robinson,!
Mr. T. B. Crary and Mr. C C. 1
Yongue have donated vegetables, cash
appropriations, shoes and clothing to
"Due to the quick action and
generosity of many people of the
community many pairs of shoes have j
been secured, " Miss Kern declared, j
Monday. "However," she continued, j
"many calls are being received for j
overalls and sweaters for young boy:- j
and sweaters and dresses for girls, j
Clothes especially for children and i
young boys and girls of school agei
are desired at this time," Miss Kern i
If you have any work to be done,
you are urged to see Miss Kern for
suggestions before you select someone
to do the work, in order to give the
jmost needy persons employment. Miss
Kern has investigated. many cases of j
! needy folks and she is well posted ?
I upon the needs of the families of thej"
| Want Adi Are Good Selling Agent
New Headlight Discovery Sweeps
Nation Over Night.
Two hundred thousand shipped in one order to Los
Angeles, California. Police Chiefs all over U. S. A.
are the strongest boosters for Perfect-O-Lites. High
way Officials praise and recommend Perfect-O-Lites.,
It costs you nothing to try them over night. They are'-Jj
the greatest invention since starters were put on auto
mobiles. Come try them out. If they fail to sell them
selves, I will take them out, and that is all
T. W. WHITMIRE
W ALTERMIRE HOTEL
SOMETHING TO SELL?IRY OUR WANT ADS.
Don't drive on worn, smooth tires
when you can have new Firestone Tires
at these low prices.
Never before could you buy such
You get extra, strength, extra safety,
extra service with every Firestone Tire
because of these extra Firestone con
Gum-Dipping, the Firestone patent
ed extra process that makes the cord
body tougher and stronger.
Two Extra Cord Plies Under Tread,
a patented Firestone construction that
gives added protection against punctures
and blow-outs and stronger bond be
tween tread and cord body.
Tougher, thicker non-skid tread that
gives greater non-skid protection and
longer non-skid wear.
1931 ? i the year in which values
counted most ? was for Firestone a year
of great accomplishment. Because of
Firestone's unequaled position in buy
ing raw materials ? rubber and cotton
? efficient factories and economical dis
tribution, they gave car owners the
greatest values in their history.
Drive in today. Equip your car with
Firestone Gum-Dipped Tires and enjoy
their extra safety and satisfaction at
the lowest prices in history.
I' Ford. \
' Chevrolet '
i Chevrolet .
Durant .... I
| W illys-K.
' Buick M. .
Cuh Pnci |
Flresiore I Fimtone
OldWl I OUWd
Tw I Typt
Ci;;> C^jh Prica |
?:. . | :*er Pair
C?tfi Prfc ?
TRUCK and BUS TIRES
32x6 H.D ?
34x7 H.D ?
Special brand tirei are made by a manufacturer, without his name,
for distribution by mail order houses and other distributors under
their own brands. These tires are sold to the public without the
responsibility, identity or guaranty of the tire manufacturer. Fire
stone do not make Special Brand tires for ANYONE. Firestone Tire#
are sold through Firestone Servlcc Dealers and Service Stores who
give complete service. You get extra protection With the name
"Firestone" on every tire Firestone makes. v m
Etctv tire manufactured
by Firestone bears the
name "FIRESTONE" and
carries their and our un
limited guarantee. You
are cjoubly protected.
McCrary Tire and Batter* Service
Brevard, N. C.
Listen to ^
I VE IN AND EQUIP YOUR CAR TODAY
ESTQNE" Every Monday Night over N. B. C. Network
?s5sS?8?,"~"" .... .