.
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.