Newspapers / The Chowan Herald (Edenton, … / Jan. 20, 1938, edition 1 / Page 7
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. AT WASHINGTON | AKIN K i h i n g t o 11 ■esident’s efforts to balance -1 budget will meet with opposition from con- are relu ctant ,0 see <i °" ars cut ° ff from tiieir Reviewing the fiscal the past few years, we find W. Roosevelt began his admin |||lg||||Bi with deliberate pump-prim- resulted in a deficit of Koto,ooo for the fiscal year end -30, 1934. The deficits have Beach year since that f we omit from ?onsid lyment of the Veterans’ fiscal years 1936 and ' 5, the deficit was $3,- L 936, $2,687,000,000; in 00,000; and in the fiscal Tune 30, 1938, the esti is $1,088,000,000. ! President hopes to below the billion i is predicated upon in expenditures for ion, the CGC, and ricultural program 0,000. The plan is position to all of nts and by the unemployment and ssity of spending lion dollars now al- Moreover, the pre n, will likely in enlarged sums for g to Mr. Roosevelt, ) fall much below rs a year, which is ire-depression level, deficits has been a steadily rising in -32 fiscal year when ollected barely $2,- the present year, are six and 9 new record for the this is a billion it the President an lary—the decrease to the business re tire balanced bud increased tax col i turn, are tied up income. The Pres of between ninety llion dollars for the ad expects that this icient taxes to bal budget. [plain the efforts of Wing about a more c recovery through en Government and eld a series of con le talked with key! need adversaries of »nt was made as to ie industrialists re ting and instructive isident and that “all h we are sure will eration in meeting leaders of business P. Sloan, Jr„ chair of General Motors; f the National Steel is H. Brown of the id Colby M. Chester, General Foods Cor rman of the board ssociation of Manu of these men were ? the American Lib 1, for a time, was a New Deal policies. Ito these industrialists. *VUT i YOU’LL LIVE LONGER { I IP YOU DRIVE ON I !E TIRES anteed Against All Road Hazards \ For 12 Months jL ERAL TRADE-IN ALLOWANCE FOR YOUR OLD TIRES Service Statien Edenton, KC. : M THE CHOWAN HERALD, EDENTON. N. C„ THURSDAY. JANUARY 20, 1938 the President continued to see public ( utility executives. The utility men ] were interested in issues involving old . PWA grants and the question of . whether existing facilities should be duplicated. The President termed ( them questions of “local nature” and said that the Government could not occupy a position more participatory , than that of amicus curiae, as the ' municipalities had the last word as to ( the use of Federal grants. He ex pressed the hope, however, that there would be no duplication of existing , facilities. In connection with the President's i effort to secure the cooperation of the : industrialists, it should be remember ed that when the Administration un- ] dertook its reforms, there was gen eral opposition on the part of indus trial leaders. The Liberty League was a result of the massed opposi tion of certain business, financial and industrial leaders who were convinced ( ! that they could undermine the Presi : dent and defeat the New Deal’s ob . jectives. The election of 1936 thor oughly exploded this opinion and , strengthened the President’s deter mination to insist upon basic reforms. Apparently, the present prospect of cooperation depends entirely upon i the willingness of responsible indus trialists to accept the inevitable, re- , vise the rules of business and play the game under the new set-up. The Maritime Commission has 1 signed agreements with seven steam ship companies for the immediate construction of twenty ocean-going vessels and the possible construction of twenty-three others. The total cost of the new ships will be sllO,- 000,000 and it is expected that four- , teen will be begun in 1936. The seven companies will receive subsidies totaling $7,359,000 annually, with fifty-seven per cent, of the money be- , ing used for subsistence and wages of the operating personnel. Another agreement is expected to i provide nine or ten combination cargo and passenger vessels. Besides the above program, the Commission ha 9 called for bids on twelve cargo ves sels, to cost around $20,000,000, and the Standard Oil Company will be aided in the construction of twelve high-speed tankers, at a cost of $37,- 500,000, of which the Government will provide $10,500,000, to cover the ex pense of high-speed power plants. The new agreements are made under the Merchant-Marine Act of 1936 and the subsidies will replace 31 mail contracts which formerly cost the Postoffice Department more than twenty million dollars annually whether the ships carried much or little mail. The general idea of the program is to assure the nation of an adequate merchant marine in an emergency. To prevent fluctuations in world silver prices, the Treasury Depart ment has agreed to purchase 35,000 - 000 ounces of silver from the Mexican Government at a price of forty-five ARE YOU 3/ U(lrr9 ONLY A 74 WIFE? MEN because they are men can never understand a three-quarter wife—a wife who is all love and kindness for three weeks of the month —but a hell-cat the fourth. And make up your mind men never will understand. There are certain things a woman has to put up with and be a good sport. No patter how your back aches— no matter how loudly your nerves scream—don’t take it out on your husband. For three generations one woman has told another how to go “smiling through” with Lydia E. Pinkham’s Vegetable Compound. It helps Nature tone up the system, thus lessening the discomforts from the functional dis orders which women must endure in the three ordeals of life: 1. Turning from girlhood into womanhood. 2. Pre paring for motherhood. 3. Approach ing “middle age.” Don’t be a three-quarter wife. Take Lydia E. Pinkham’s Vegetable Com pound and go “smiling through.” Over a million women have written in re porting benefit. Why not give this world-famous medicine a chance to h«in vnro cents an ounce. Secretary MorgeSt- - thau says the purchase was required 1 under the Silver Purchase Act, whicn requires that the white metal consti tute one-fourth of the Treasury’s combined stock of silver and gold unless the world price of silver reaches $1.29 per ounce. The Secre tary said that silver purchases are made from China, Canada and Mexi co, because they are the only coun tries which have offered to sell silver. In Mexico City, announcement of the agreement was hailed with great sat isfaction although officials there denied that the Mexican Government had entered into any bargain with the United States in regard to domestic legislation. For more than twenty years the Supreme Court has stood by the re production cost theory as p valuation CLOSING'OUT SALp I All Men’s And Boys’ Wear} f Our Entire Stock Must Be Closed Out Within 30 Days Regardless of Prices. The | 1 ’ Reason For Closing Out Our Stock of Clothing Is That I Will Give All My Atten- ? 1 ’ tion to the Dry Cleaning Business. If You Want to Save Money, Here Is Your £ " Opportunity. Come In and Compare Prices With Similar Quality Merchandise, i BIG SALE NOW IN FOIL SWING l ONE LOT OF MEN’S SUITS $12.50 and $15.00 value. O A A Close-out price, only tD O • V v ONE LOT OF MENS SUITS Regular $17.50 value. 1 O C A Close-out price, only d> I£■ •O V 010 ASSORTMENT OF PANTS All sizes and colors. Q Q Priced from ZrOx* up Ifos WN WSt OVERALLS MENS HEAVY UNED JUMPERS $1.98 value. 1 C A Close-out price «D 1 •O\J MENS LEATHER BELTS I 50c value, now 39c SI.OO and $1.25 value 75c | Large Assortment of Men’s Neckties 10c value, 8c; 2 for 15c 25c value now 19c i 50c valu^^^^^™^^^^™^^^^^9c Men’s Union Suits 50c value 9Qs» Sale price . Suitcases and Week-end Bags 75c up Men’s 18-Inch High Top Shoes s3.sovalue <feO ££ Sale price „ ED HABIT , EDENTON, N. C. , j ! basis in establishing rates to be | charged by public utilities, but the re tirement of Justice Sutherland will assure a liberal majority which will probably lead the Government to at tempt to persuade the Court to adopt the “prudent investment.” theory which would exercise a powerful ef fect upon utility rates. Moreover, some Court dicta involving the “due process” clause will be reversed in future cases. It is a known fact that the Conservation Court has interpret ed “due process” to protect much more than procedural rights and remedies. The legal question involved in the TV A litigation is not the same as that recently determined by the Su preme Court when it decided that the utility companies were without stand ing to challenge the validity of loans and grants to municipalities for pow-| er purposes. In the TVA case, the utilities challenge the right of the Federal Government to use its mon ey and directly engage in competi tion with the companies. Os course, the utility cases decided early this month recognizes the right of the Federal Government to release funds to municipalities to compete with power companies regardless of whether the Federal Government can directly engage in the production and sale of electric power. The railroad situation, it is gener ally recognized, presents a picture so grave that it would be difficult to ex aggerate it. With few exceptions, ’ the railroads are “very sick” and only a “major operation” can keep them out of bankruptcy. President Roosevelt says that rehabilitation MEN’S HEAVY WORK SHIRTS | 59c up [ MENS DRESS SHIRTS f 75c value now 65c ? SI.OO value now .75c £ MEN’S FELT HATS f $1.98 value now $1.50 f $1.50 value now SI.OO £ MEN’S ANO BOYS’ CAPS I 25c value 19c T 50c value ..39c J SI.OO value 75c T MENS GOOD QUALITY SOCKS f 10c value now .8c j 25c value now 19c y MEN’S SKITS AND SHORTS j j 19c value now ..... 15c I, I 25c value now 19c y I 50c value now ...39c 1 1 000 Pairs of Men's and Boys’ Shoes f Come early and get your se- (hi Os y lection. To close out at «P A up 1 One Lot of Men’s Lumber Jackets I $1.39 up I One Lot of Men’s Sweaters | SI.OO value 7K« <? Sale price ID C One Lot of Men’s Handkerchiefs f 5c value lA_ 5 3 for lUC J PAGE SEVEN | cannot be long delayed and that a national system of adequate, economic and solvent railroads, privately own ed and operated, is a national neces sity. He has asked Joseph B. East man, of the Interstate Commerce Commission, to draft legislation for presentation to Congress. One of the problems of the roads is “top-heavy” financial structure, with plenty of water. Whether or not leg islation will attempt to squeeze the structures, involving losses to large investors in railway securities, is a question. Conceivably, consolidation of lines to end destructive competi tion, abandonment of uneconomic lines, readjustment of rate schedules ‘and increased management control will be provided. ' Use milk to remove wine stains, boiling the stains until they are gone.
The Chowan Herald (Edenton, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 20, 1938, edition 1
7
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