THE FRANKLIN TIMES j
Issued Every Friday
?IS Vomrt Btiw> Telfpfcow *S-1
A. F. JOHKnON, Editor aad Malinger
Jaim A. Johaioi, Aaaiftant Editor and Manajfcr
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? J
THE AMERICAN WAT
"We must have not only a change in the technic of,
government, bnt a change in its spirit. We must have
a Government which regards itself as the servant of
the people, not its master; a Government without prej
udice, a Government under which we can move forward
again as a united nation ? men of confidence, men of
hope, men of good will." ? Wendell L. Wilkie.
That statement is a timely warning to us as a nation
to return to the fundamental principles of our contitu
tional form of government if we wish to retain liberty
and opportunity as we have known them.
ooo
WAY OF LITE
Sound cooperation is good business ? and it is also a
way of life. .> >i
The agricultural marketing cooperatives have dem
onstrated this. From the purely commercial point of
view, they have been outstandingly successful in ex
panding markets, stabilizing prices, improving produc
tion methods, and acting as the farmer's agent in his
dealings with middlemen and distributors.
On top of that, they have tended to bring producers .
closer together. In this way, they have been a progres
sive social* influence. They have encouraged worth
while, educational activities for farm women and for
farm youth. They are well rounded organizations, ex
erting an influence over almost every phase of agricul
tural life. ' -
ooo
GET TOUR BROOM !
In connection with the annual meeting of the United
States Chamber of Commerce, a round table conference
was held on the subject of "Appraising the Consumer
Movement." The principal speaker, Benjamin H.
Namm, discussed the growth of the movement and de
tailed progress so far. made. He pointed out that the
retailor is dimply the purchasing agent of the consumer,
and that his success in business depends on just how
well W performs that job. He then said that while the
objectives of the movement up to the present have been
largely in the field of standards and grade labeling,
much broader activity will probably develop in the fu
ture. Consumers, he continued, should concern 1heui
selves with national problems such as taxation, the pub
lic debt, unemployment, and anti-business legislation
which is inimical to the public welfare.
A really militant consumer movement, supported by
! millions of families, would be the best possible check on
political efforts to pass laws which have a deleterious
effect on our American standard of living. I .legislative
hoppers need a good cleaning and consumers are the
ones to wield the brooms.
0O0
STAMP IT OUT
We read much of battlefields these days ? places
; where warring armies have left only ruin and desola
tion and death in their wake.
America is not at war ? but we too have our battle
fields. They are created by fire. And fire, no less than
? cannon and bombs, is a maker of unmitigated disaster.
Have you ever been where fire has swept through a
forest? Once it was green and beautiful, teeming with
wild life, a source of sport and recreation. All that is
left is charred tree trunks and empty, ugly wastes,
which are a mockery of nature.
Have you ever seen what remained of a city street af
ter fire had swept along it! Gutted homes, where peo
ple one? lived in happy comfort and security ? the skele
tons of stores, where merchants made their living ? the
gaunt framework of factories, which a day or two be
fore provided employment ? these are the fruits of fire.
Worse even than this is fire's toll of life ? 10,000 in
an average year. That little army of martyrs to care
lessness and ignorance die the most horrible of deaths.
Any person who has ever seen the results of but a
single serious fire should be fire's implacable enemy
thereafter. He should enlist in the war against fire for
the duration of the conflict. He should regard those
who make fires possible through indifference, as being,
in effect, criminals.
Fire is one of the most serious internal menaces Am
erica faces. Stamp it out.
0O0
EUROPEAN SYMPHONY
Newest ominous note in the discordant European
martial symphony has been sounded by Italy. During
recent weeks, press attacks against France and Eng
land have been intensified. The Berlin-Moscow alliance
has been soft-pedalled. And newspapers which are
known to speak for high government officials ? who, in
turn, speak for Mussolini ? have lately announced that
Italy may not be able to stay out of war much longer,
the intimation being that she will throw in with Ger
many.
.What will come of this remains to be seen. Some
experts think there is more smoke than fire ? that Italy
is using vague threats in an attempt to cement her in
fluence with the smaller European states. These ex
perts point out that the Italian people have never been
particularly fond of Germany, and don't like or trust
Hitler. They also point out that Mussolini's cardinal
point of foreign policy has been his anti-bolshevik stand,
and now Germany and Russia are formally friends. And
lastly, they argue that the Italian military forces, de
spite feverish war preparations, are not of a calibre to
meet another major army on even terms and that, du?
to her geographical position, Italy is easy to invade from
France.
There is also the possibility that Mussolini is waiting
to see. whether the Allies or the Germans appear to be
winning the war, and that his future policy will be guid
ed by what he decides in that respect. And certainly,
at the moment, it's extremely difficult to figure out
which side really has the edge.
"CHEAP" CREDIT COSTLY
"One inherent weakness of government lending,"
wrote Albert W. Atwood recently, "is Uiat no matter
how generous it may be, or how many different corpora
tions are set up to extend credit, there is never any way
jyf satisfying the pressure group boys and the politic- ,
ians who fellow travel along with them. Anything ap
proaching a business-like attitude by a government loan
administrator towards those borrowers who do not
maintain interest and principal payments, is practically
certain to create a political row."
Too many borrowers from government regard the
treasury as a source of limitless financial manna, which
may be paid back if convenient, or deferred if not. And
there is always a sizable group of officeholders who are
ready and eager to defend this attitude ? after all, the
vote of a dead beat counts as much as the vote of a man i
who takes pride in fulfilling his obligations. And that i
is one of the great dangers in putting the government
into the business of furnishing credit. Tried and true
business methods go by the board when the politicians
step in. And the taxpayers must inevitably pay the bill.
Certainly there is no visible reason for further gov
ernmental adventures in the field of credit. Private
credit agencies, which are stringently regulated in the
public interest, and apparently more than adequate to
meet any and all legitimate needs. There never was a
time when the banks were so filled with idle capital ?
or bankers were more eager to put the money to work
for productive undertakings. Today's banker is work
ing hard to supply loans to the individual and little bus
iness no less than to large borrowers. The reckless ex
tension of government lending agencies would be about
as rapid a road to financial ruin a? we could take ? a
high price to pay for "cheap" credit.
WHAT WILL THE WAR BRING
If this is a long war ? and few are so optimistic as to
think it will be short, despite the ever-recurrent rumors
of the Blitzkriegs from both sides ? it is obvious that
the world of tomorrow will be a vastly, different place
than the world of today. And the neutral nations, no
less that the belligerents, will feel the immense changes,
and will probably be forced to adapt themselves to con
ditions utterly different than those of the past.
Working 011 the assumption that the United States
will be able to remain neutral, we, as the world's prin
cipal financial puwer, will naturally feel most directly
the economic and social fruits of a long and destructive
war. We are a great exporting power, making a large
part of the world's machinery and finished goods, and
furnishing much of the world with vital raw materials
in addition. It seems certain, say the economists, that
our export business will suffer tremendous losses when
the war ends. There are two reasons for that, one tangi
ble. The tangible reason: England and France, which
are our best customers, are spending their money at an
unprecedented rate. And while the vaults of the banks
of England and France are deep, they are not bottom
less. When the money is gone, the democracies will no
longer be able to buy unless we extend immense credits.
They will have little to offer in return for what they may
need. Perhaps they will be forced to descend to a barter
system, such as has been long pursued by Germany, in
which case it is difficult to see how we could trade with
them to any great extent.
The intangible reason: when the long war ends, all
Europe will be hungry, desperate, bfitter, many authori
ties believe. A mad scramble for mere existence may
be the harsh result. European standard of living will
be on a rock-bottom basis, and there will be no demand
for even the simplest luxuries. The average European
will be fortunate, the pessimists think, if he is able to
get sufficient food, clothing and shelter to keep alive.
In this connection, an article in the American Mercury,
by Henry Alberts Phillips, is harshly enlightening. Mr.
Phillips, an author, of reputation, has recently returned
from a tour of Europe, and feels that the continent faces
famine. Agricultural labor has been taken from the
farms and put to military uses, leaving only the old and
the weak to till the fields. Trenches have been dug where
normally would bloom vital wheat. The great "feed
boxes" of middle Europe are producing less and less.
Says Mr. Phillips: "In the past, fighting nations relied
on their non-combatant neighbors for nourishment.
What impressed me most deeply as I went through
Europe, therefore, was that this time the neutrals are
not only unable to sustain those engaged in killing but
uncertain of sustaining themselves. Neutrals are in
the same mad-doghouse as non-neutrals, bullyragged and
threatened by war on every side, forced to abandon
normal life and making ruinous outlays ^or armaments."
Mr. "Phillips seems to think that the almost certain
upshot will be a gigantic revolution in Europe. And
there are many who agree with him ? no orderly govern
ment as we know it now, they argue, can come from
Armageddon. But, even if revolution is not the result,
it is almost impossible to escape the conclusion that un
precedented depression will engulf the Old World. That
explains why more and more economists and business
men are coming to the view that, whether we wish to
or not, we must forget Europe, economically speaking,
and turn to our own part of the world for the future
Re-Nominated
Recorder Judge
HAMILTON HOBfiOOD
U. D. C. ENTERTAINED
One of tbe most Interesting
meetings of tbe Joseph J. Davis
Chapter U. D. C. was held at tbe
home of Mrs. C. K. Cooke on
June 4th, with fifteen members
present.
The subject for t-he afternoon
was Jefferson Davis. June 3rd be
ing the one hundred thirty-second
anniversary of his birth. His love
for the union, his courageous lead
ership. his christian life at home
and in prison, his faith and trust
Franklin's Representatives in Next
General Assembly
KKV W. U LUMPKIN
in God were outstanding charac
teristics through all of his suffer- I
ing. I give t-his quotation from
the Reverend Dr. Wheat, of Mem
phis. "If that man were a mem
ber of a Romish church, he would
be canonized as a saint and bis
sufferings ^for ours and the
South's sake should forever en
shrine him in our hearts as a
vicarious sacrifice."
On a huge bowlder at Browns
ville, Texas, Is the following in-!
scription:
"Commemorating the Services]
to the United States of America ofi
Jefferson Davis. President C. S.
trade and commerce that we must have to keep going.
War orders are keeping the airplane and munitions
factories buzzing now, and are immensely benefiting cer
tain peace-time industries as well ? but when those or
ders stop, the outlook will certainly not be bright.
REP. H. C. KEARNEY
A., Graduated West Point 1828,
Served on Indian Frontier 1828
1835; United States Congress
1845-1846, U. S. A. Col. Comman
ding Miss. Troops, landed Point
Isabel, Tex., 1848, Hero of Buena
Vista and Monterey, Declined Post
Brigadier General U. S. A., Sec
retary of War 1853-1857, U. S.
Senator (Miss.) 1849-'51-'57-'61
(Resigned), Soldier,, States'man,
Martyr, Erected 1926 by United
Daughters of the Confederacy."
May the youth of today be
taught to have a truer love and
be more deeply impressed with
the lives of our Confederal he
roes. _ jfL
SUE T. ALSTON, Sec'y.
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