North Carolina Newspapers

VOLUMN LXX1I Subscription $1.50 a Year ROGER BABSON'S FRIDAY, MARCH 14, 1041 (TEN PAGES) NUMBER 5 DISCONTINUES PRIMARY ELECTION CALLED FOR MAY 6TH Approves Maw Meeting Of Citizens To Discuss Plans Relative To Elec tric Light Situation ? No More Basket Ball In Armory The Board of Town Commis sioners met in regular session, March 11. at 7:30 P. M. Alt mem bers were present except Commis sioner Elam. Minutes of previous meetings were read and approved. The monthly reports of the Su perintendent of Lights and Wat er. Chief of Police, Tax Collector, and Town Clerk were read by the Clark and approved by the Board. The Board voted to jata the Institute of Government. A motion was passed to hold a public meeting In ' the Court House for the discussion of the question of buying yirer from the Carolina Power ft Light Co., or buying a new Diesel Engine, as soon as full information is secur ed on both sides of the question. The Board passed a motion to secure, if possible, at a reason-' able cost, a disinterested consult ing electrical engineer to study the problem of purchased power compared to generated powef. This consulting engineer is to ex plain to the Board in understand able terms the muuy technical points involved in both sides of tile question. The Board approved the instal lation of a water line to t-he home of Dick Arendt 11 who liven a short distance oil the Halifax Road. i A motion was passed ordering an Election for the purpose of electing a Mayor and six Town Commissioners. The dale of Mie Election was sot for May 6th, 1941. Mr. W. A. Hugglns was appointed Registrar, and Messrs. John P. Williamson and W. B. Splvey were appointed as Judge.! of the Election and Toll Holders. Tha'Board voted la disconttauo Tlre~e?stoniary Primary Wleclloii The Town of Lohlsburg Charter does not mention 6r rnq-tHvo a Primary Election, and thi N C. Staoe Laws do not require a Pri mary Election; therefore the Prl-, mary Election Is an unnecessary expense to the tat nav&rs of Toulsburg, N. C., since we do not have party candidates, and is dis pensed wlt-b for the sake of econ omy. The Board ordered the Armory Auditorium to be closed to bas ket ball practice, and to children playing in the Auditorium This action was taken In order to save tne continued expense of cleaning ar.d repairing tiie bulldm,. After allowing a number of ac counts the Boar4 adjoumei;. Orphans Coming The FRANKLIN tlMES is re quested to announce that the Ox tori Orphans Singing Class will give an entertainment ati the Ar mory on Friday night, March 28. This visit is sponsored by the Loulsburg Masonic Lodge and a large attendance U expected. All are Invited to go out* and give en couragement and satetantlal as sistance to these boy* and girls In thia worthy cause. E. C. T. C. ALUMNI TO MKET The Franklin County E. C. T. C. Chapter will meet on March 18. 1941. at 7:45 P. M. at the home of Mrs. W. O. Lancaster. Every person living or teaching in Franklin County who baa at tended at> leaat one term at E. C. t. C. is ?llgibi? to belong to this chapter. If you are not already a member come and Join. Mrs. R. B. Mitchell, Reporter. o PROGRAM AT THE LOUISBURG THEATRE The following is the program at the Louisburg Theatre, begin ning Saturday, March 16: Saturday ? Double Feature Don "Red" Barry in "The Phan tom Cowboy" and The Higglns Family in "The Pettycoab Poli tics." Also new chapter "Myster ' ious Dr. Satan." Sunday-Monday ? James Cag riey, Olivia DeHarllland and Rita Hay worth in 'Strawberry Blonde.' Tuesday ? The Andrews Sis ters and The Rits Bros, in "Ar gentine Nights." Wednesday ? Bob Crosby and his Orchestra in "Let's Make Murtc"- with Jean Rogers and Elizabeth Rtadon. Thursday - Friday ? Fredric March. Margaret Sullavan, Olenn Ford and Franawi Dee In "So Vnds Oar Night." Gold Sand Girls; Mills Boys Win In Franklin County High School Basketball Tournament Gold Sand girls triumphed by a score pf 23-10 over Edward Best here last Friday nighti in the finals of the 12th annual Frank lin County high school basketball tournament. Gold Sand was out front by 18-lt str hatt*tttn?. ? Leaders in the Gold .Sand at tack were Margaret Person, with 11 points, and Lillian Gray, 10. Edward Beat leaders were Ath leeu Gupton, 9, and Virginia Car son, 6. Mills High boys triumphed over Edward Beat', 31-26, in the final game of the night's program. Mills led by 18-13 at half-time. Leader* '?> tlle Louisburg. team's: attack were Hugh Perry, 8, and D?jrton Hardwlck, 7. Edward Bast's leaders we'rG Clyde Thome, 7, and Clinton Leonard aiid Back Layton, 6 apiece. Outside of the high scorers of both teams, the rest of the boys played stellar ball all the way. Following t<he game W. R. Mills, of Louisburg, Superintend ent of Franklin County Schools, presented gold trophies to D. J. Dark, coach of the Gold Sand girls, and W. A. Hugglns, coach of the Mills boys. A four-game consolation pro gram was ruu ofT in the after noon. two RkmeS being played' in each division. Bunn girls defeated Franklin ton. 27-15, in The opener. Elly! Bedding Held, 11. led Hunn, and Martha Lumpkin. 9. led Frank llnton Mills girls lopped Epsom 10-4, in a low-scoring contest. Hhoda Hall scored 6 of Mills' i.ioiuv-!. and Alice Lancaster seor-i cd 2 of Epsom's. -*? liuuii -boys tamed back -Gold ; 8a nd. 28-35. Horace Edwards, 8, ed t~he winners and May Inn Wat kln?, ?,~Tea HOI) band. Frail khn - trni boys defeated Toungsville, ?J!<-13. Jim Joyner. 12. led Frank liuton and C. V. Hill. 7. led <oungsville. This Is the first county tourna uieui. _tu be played In - the New Amur)' and. wo understand Was a success from ayer-tr angle. f - - ; Mll.l.S |?. T. A- TO MEET , Mrs. W J. Cooper, President, i announces a meeting of Mills P. TTA. to be held at the school au-j jitoiium od Thursday afternoon.: ?Vlarcli 20th. at. 3:20 o'clock. Dr. A. Paul Bugliy will conduct the devotional and Mrs. Yarborough's students will furnish special mu sic. The subject for discussion will lie "The SchSol that holds its pupils" will be discussed by ?viiss Loulia Jarman. Mrs. J. Y. Ueasley, Mrs. H. T. Bartholomew, Mrs C. M. Wabklns. Mrs. Alice (Jzzell, Mrs. F D. Hedden, Mrs. J. E. Malone, Misses Helen Smith wick and Vivian Lucas. The public Is cordially invited to attend. Tobacco 'Lost' Specialist Says ' Ferguson I'rg?* Divrniflcs tion; Wilson County Get* Another Farm Agent Wilson, March 8.? "We have lost tobacco and may never regain iti, certainly In our lifetime, and we have got to make a definite substitute," B. Troy Ferguson, district extension agent of State College, warned a meeting of farm agency representatives here today. Ferguson suggested that> more emphasis on livestock would be "one way out." and urged a con tinued program of diversified ag riculture. The meeting was held as a move toward the organisation of a committee toward better farming in this section, while at the same tin* the State extension officials annottneed thno an extra assistant farm agent had been granted this county, "one of the 50 greatest agriculture counties in the entire natloh." Wilson already has a farm affftnt and assistant farm agent, The program was recommend ed several months ago by the Wil son County board of agriculture to the county commissioners. The commissioners approved It and both groups went before the Ex tension Service in Raleigh to get tibe extra agent, which has been granted. His name was not; known here Saturday but he will arrive to take up his duties some time during next week. Ferguson urged a different > bill of fare for Eastern Carolina farm ers In his talk in connection with diversified agriculture. "The old fare of corn and cab bage and hog meat and molasses will not suffice any more,'1 he told the group. o A good many of ns who are alert enough on the highway go -o sleep at the wheel In some oth or things. TO REFUND BONDS? = County Commissioners Hold Short Session Monday In a special meebing Monday with all members present the. Board of County Commissioners! passed tbe necessary resolution authorizing tbe refinancing of $77,000.00 of Lonisburg, Frank linton and Youngsvltle township road bonds. These bonds are due in the early summer. The County Attorney was in structed to prepare two bills and presemt them to Franklin County representatives for passage In tbe General Assembly.,, One of which is .to limit the fees that can be ordered paid in capital cases to Attorneys appointed to represent the defendant to $100.00. The other was to provide ror cases in Recorder's Court in which a Jury is requested to be automatically sent np to tbe Superior Court for . the jury total. The fees authorized by Judge Bone to be paid Yarborough & Yarborough, defense . counsel for Sam Radford, was ordered paid. It was ordered that when offi cers captured a still too large to be brought in, tihat two officers might make affidavits of the Obs truction of such still and receive pay. After discussing the question of feeding the prisoners at* the Jail with no definite action taken the Board adjourned. LOUISBURG GARDEN CLUB Mrs. H. C. Taylor was hostess, in her spacious home to the Louis hurg Garden Club frtr Ite March iiieetinfc on March 6th. 1841. ?KB | guesF of the large number attending wus presented with a spring-like corsage of freesia aud ferns, which set the color note for] the house? green and white. The meeting was presided over by the President, Mrs. E. S. Ford, who. after the minutes of the pre vious meeting had been read and approved. Introduced for consid eration the subject- of the plant ing in Hhrubberj in i ij highway, triangle. XTter explaining the ooadltlous of the problems, aad stating thal> the landscape man for the Highway Commission has recommended that the plant ing bo poatpoued until next fall. Mrs. Ford told that the plan to have a tame iimrnament for pni'poce of raising funds to finance this project was still being considered jy the committee. When suggestions as bo the best time for this party and as to me thods of publicity had been dis cussed. the Club voted to hold such a tournament) during the week following Easter. The afternoon's program cen red around thetjccneral theme "Plans for the Xarly Spring Jarden." Mrs. Barrow read a paper of pertinent suggestions, and added ideas from her experience on 'Roses in March," especially as to pruning and planting. She dis tributed a "recipe" for "Feeding Roses." The "Blue and Gold Border" was the topic of discussion by Mrs. Bartholomew, who mention ed both annuals and perennials In these colors that make effective displays. "Garden Suggestions for March" were made by Mrs. Bailey in the absence, because of Illness, of ^Ir8. Fulghum. The President distributed cop ies of the "North Caiollna Gerd ens," the montihly bulletin of the Jarden Club of North Carolina. At the conclusion of the pro gram the hostess, assisted by her laughters, Mrs. H. C. Taylor, Jr. and Mrs. Donald Holllday, and her granddaughter. Miss Betty Holllday, served a two-course sap per. A delicious barbecue plate with accessories, followed by cake and coffee, was served at small tables on which the Idea of St. Patrick decorations was beauti fully carried out. o CALDWELL 8PEAKH AT CEDAR ROCK Mr. Harry B. Caldwell. Master of the State Grange, spoke to a group of leading farm men and women Monday nlghti In the Ag ricultural Building at Edward Best School. Mr. McClnre, the Agricultural Teacher,' and Brent Meadows, a Grange representative, worked among the community leaders during the day. This same group was well represented at the meeting that evening, showing that a good community spirit prevails in Cedar Rock. Mr. Boyce, County Agent, ex plained the Cotton Stamp Pro gram and also aided in the group discussion on establishing a local grange. This groap will meet lat er to make more definite steps to ward organizing a local grange. a - RENEW YOUR SUBSCRIPTION AID BILL PASSED. Washington.? < 'iiiiktom com peted action on tlio historic British Aid Bill, Just after President Roosevelt net $7,000, 000,00() as ita starting appro priation. The roll call vote which sent it to the White llouse, was an nounced as 817 to 71 on House acceptance of Senate amend ments. WEEKLY LEGISLA- ;; I TIVE BULLETIN ;; Institute of Government 1 ' Chapel Hili,_N^C.^ I ! Legislative Offices: Raleigh, N. C. In record breaking time, the record breaking appropriations bill, (? 168,500,000) passed both Houses wittaast s dissenting vote. In slightly more than one-half hour in the House and in less t>han eight minutes in the Seuate. the Job *11 done. With the Rev enue amendments already enacted into law, the General Assembly settled down to a diligent effort promising early adjournment. Bills of state-wide interest were given carefvl, though hasty, con sideration, as the presiding offi cers of both Houses insisted upon immediate Introductions and prompt action. Joint performance of certain governmental functions by cities, lowns and oountlcs is contempla ted "by bills whi^h would permit joint agencies to iissbsk .ind col lect taxes and to perform welfare, health, police, fire-fighting and other aervlces. aud would facili tate Joint health department oper ations already in pr?gr-ee?: Private sale of municipal property, des truction of surrendered county and ctty bond!, an. I relief for counties which hav. lost tax val uation through dedication of land for national forest purposes are contemplated by other legislation proposed, while another bill would make the Local Government Act apply to every local unit with power to >evy ad valorem taxes, contrary. Reductions ** well as lncreas-| "h in- rates churgod by public car riers may be ululated by lht? Utilltlen Commission If one bounu bill bccomes law; regulation of Intra-Stfttc aeroqautics by a stale agency along lines comparable to present Federal regulation Is con templated by a bill Introduced at the first Saturday session open for the introduction of public bills. Other commercial regula tions would require North Caro lina insurance risks to be written by local agents; authorise the Banking Commissioner to inves tigate "loan thark" activities; subject mall order sale to the state use tax; tighten up t)ie pre requisites . for taking the exami nation to practice cosmetic art; require milk distributors to make reports to the Commissioner of Agriculture' and empower the Commissioner to investigate their activities; require that trade marks be registered with the Sec retary of State. Relaxation of present safeguards seems propos ed by a bill to repeal the cotton seed meal Inspection laws. Administrative reorganization continued apace. Bills were Intro duced to reorganize the Unem ployment Compensation Commls sion and to enlarge the Histori cal Commission; to set' up a merit system council to choose appli cants for positions In certain state agencies; and to empower the governor to appoint* a com mission to study plans for a gen eral merit system for state em ployees. Companionship for the controversial fortified wine and liquor referendum bills Is furn ished by a bill to permit cities of 15,000 or more to set np ABC stores If approved by a majority of the qualified voters. Soldiers and sailors could vote absentee in primary elections under bills Introduced on this subject while another bill would permit any person designated by the voter to apply for an absentee ballot. Educational proposals again were numerous. Bills among those introduced would amend the pres ent law relating to free tuition for deceased World War veterans' or phans, appoint a commission to study improvements in secondary school curricula, permit cities and towns to withdraw, under certain conditions, from the state text book rental system, permit local governmental units to add to tibe benefit^ available undef the re tirement law, and permit emer gency use of school buses to take Children to the nearest available medical aid. A measure "To Levy a Tax on Certain Games of Skill" (Includ ing certain pin-ball machines) re minds one of the alot-macbine cases fuM tbependtag- appeal of Cahrutt in the Supreme (Continued on Page Five) VALENTINE CASE MISTRIAL FRIDAY WAS JURY DAY ? ? Regular Session Held on Tuesday With Many Cases Disposed Of ? No Court Next Week On Account Superior Court double duty lor Franklin Record er's Court. On Friday the docket containing Jury cases was called. At this time the ease of assault with a Meadly weapon against W. H. Valentine was [tried but as the Jury (ailed to agTee a mistrial was ordered, which means the case will have to be tried again at a future hearing, unless a com promise settlement Is made. In the trial of this case the Court held on Saturday morning to com plete it. Othereases. disposed of at tihe Friday session were as fol lows: Edward Faircloth, operating automobile intoxicated, motor ve hicle violation, after evidence ta ken Court orders verdict) of not guilty ? . , ? Preston Radford entered a plea of nolo contendere, to a charge of manufacturing whiskey and was given 6 months on roads, suspen ded upon payment of $25 flne and costs, not to violate any liquor laws of N. C. for two years. Haywood Wardick. possession; of material, continued. The regular session convened on' Tuesday morning at wiiicli time cases as follows were dispon ed of in the manner indicated: Eugene Ro-ve, Court finds pro- j bable cause in tile temporary lar- 1 ceny of an automobHo case, and : was bound over under $300 bond | He was also found guilty of oper , i ting automobile intoxicated and oureless and reckless driving and was given 60 days on roads, sus pended upon, payment of $60 flne aud costs, and not to operate an automobile on public roads of N. C. for 12 months. O. O. Mitchell plead guilty to carrying concealed weapon. and! was given 60 days on roadv; Rtu-j pended upon payment of $50 and , Vosts. . - ? - ? I (?in ued: **""1 James Lee Miller, abandon- ( ment and non-support. Ernest Hayes, assault on fe male. ' W F. Pendergrass, operating |nmnhilu drunkenness. Taft 8tallings, assault with deadly weapons. (Jeorgo Lee Nicholson, assault with doadly weapon. A. C. Richards, operating auto-j mobile intoxicated, motor vehicle violation* EUROPEAN WAR NEWS Berlin, March 12. ? Germany's most accurate semi-official* re flector of foreign office opinion the DiplomaMsch Pollttsch Kor reapondenz, bitterly denounced the new American British aid law to night as "the most flagrant North American meddling" in an affair which is none of ita business. "The time Is past", said Korres pondeni, "when unauthorlied power* can concern themselves lu regions foreign to them Attempts in this direction have strengthen ed fitting counter-measures be cause It is~no accident that the Japanese foreign minister now Is coming to Europe to consult ylth his allies on measure* to protect the Interests of the three powers In their living spaces." The organ said the contention that the law waa defensive was disproved by the fact that It con templates "sacrificing" American Army supplies. "He who really feels himself threatened," it said, "does not customarily give up his weapon*." "Roosevelt with the lend-lease law apparently seeks to be a re feree for Mie whole world," Kor respondenz went on. "x x x Roose velt claims for himself and his government a capacity for omni presence and is ready to assume the heritage of England also In the matter of arrogance." London, March 13. ? (Thurs day) ? British bombers, striking^ at the root of the new German submarine terror, Tuesday night blasted the big Nazi U-boat base at Kiel and nearby "wolf-pack" submarine plants, the Air Ministry reported. The flashes of "heavy explo 3 ions and the glare of a large fire" ivere observed by R.A.F. pilots at tacking the base, believed by-Brlt ish authorities to have a key role in the Reich's intensified sub marine war. London, - March 12. ? ffrime Minister Churchill, voicing the (Continued on Page Four) ? .... ["? ? , v |i r Grand Opening The*Pashion Shoppe, Louisburg's Newest Ex clusive Woman's Store The Fashion Shoppe, Louis burg's newest and most modern-, exclusive women's store, will cele brate Its Grand Opening this ( Friday ^-morning at 10 o'clock. This store is owned and operated by Messrs. Sain and Ben Fox and is in charge of Mrs. John W. Stovall, and will feature dresses. wjjrts.-Bnttrt-raimnciTr spsiiswear, lingerie, costume jewelry, gloves, bags, hoseiry and shoes (or ladles. Already a most attractive inter ior has been prepared and delight- ] ful display of the- seasons latest creations are ready for public in spection. This new store is lo cated next to Scoggin's Drug Store, in the room formerly occu pied by Pender's Grocery. AttepMoii of our ie;t^rHis d> rected to their page adv^Wfc^ent in this issae. The ongoing of this store and its equipment) gives evidence of this progressive iirm's desire to show their appreciation of the patronage of the peoplle of this section, by' providing theiu wloli all the conveniences and opportu nities offered in the larger cities. o Louisbur g College News The Itev. Davi? Speaks To j College Student* Rev. K. H. Davis, retired Meth odist minister of liouisburg.j spoke to the I.oulsburg College! WHilents in the coltege auditor- i him Friday morning at o'clock. Mr. Mavis In his talk on, "The End of All Perfection."' presented examples of men of the1 past who have given to the world; advantage -nklt* w?? ?re today ' enjoying And the advantages and perfection of today are small 1 compared with what -man will en J?ty in future years ; Dr. Walter Patten, President of' houisburg College- recently re-; turned from attending a meeting! of the .National Association of i Junior Colleges, held last woekj in Chicago. , ^ ^ Mr William R. Dixon. Seqre tary of Public Relations of Louia ?lurg. College. is attending a meet ing of the American College Pub licity Association which is held ut the University of Virginia. Char lottesville. Va. The faculty committee 6 n fac ulty entertainments have provid ed for a dinner meeting to be held on Friday evening. March 14, at 6:30 o'clock in the dining hall of the domestic scjeuce department, wlt/h Dr. Hillman of the State De- , partment of Education. Raleigh, as guest speaker. St ii i li- ii is Pri- -fins KaNhlon Show The students of Loulsburg Col-| lege held a fashion show at the college March 11. A beauMful' array of costumes were display*! ed by the following girls: Edna Gillts and Catherine Gills. Ral-j elgh; Frances Terrell. Beuna Vis-j ta. Va.; Gean Sasser. Smithfleld;l Elizabeth Hudson. Loulsburg; Ruth Stalllngs. Hobbsville; Mil dred Lewis, Elizabethtown; Mary Bryan, Wilmington; Louise Tur ner, Speed; Rachel Fox. Roxboro; Sarah Davis, Loulsburg; Alice Ca hlll, secretary to President Pat ten. James E. Byerly and his or chestra presented the musical en tertainment during the Show. Ixjuiubnrg College A Cappclla Choir - t' The Loulsburg College A Cap pella Choir under the direction of Professor James E. Byerly will give a sacred concert In ttie Ben son Methodist Church on Sunday morning, March 16, at 11 o'clock and In the Sanford Methodist Church on Sunday evening at 7:30 o'olock. On 8unday, March 9 the cboir gave a concert in Hay Street) Methodist Church, Fayette ville. ' . - . ? | The oholr was organiied in the Fall at US8 under the direction of Mr. Byerly and since that time it has become a distinctive or ganisation of tihe college. Dur ing the first two years the choir has traveled approximately live thousand miles. Each year a con cert Is given at the Eastern North Carolina Annual Conference and a half-hour broadcast is present ed over station WPTF in Ral feigh. The choir sings representative numbers from leading composers .rom all periods in the develop ment of choral literature. Moat of the music that the choir sings Is of a religions nature. An agreement has been reached with the livestock industry for Army purchases of a wider variety of meat products, assuring more find fancier meats for American Soldiers. ? ? ! O Normal criticism may spur u .nan to better effort* but mere ?.'aultflindlng seldom does. ' ,1'v J DANGERS OF EXPANDING^ DEBTS Babson Says: We Should - Pay As We Go (By KOGKR W. BAB80N) Ruhaon Park, Florida, March 14. ? I wa? brought up in a frqgml iou8UWHd ln wlitcD clebt was con Id e red a sin. My father alwayn ?Md the family marketing, going personally to the corner grocery and paying cash. As a young man, I can remember but few bills, ex cept for water, gas, or taxes, coming into the house. E v e n [ these, my falhnr _ paid in cash tak ing back a form al receipt. My father maintalu BABSON ed a creditable bank balance, but drew bla check* sparingly. He ?> a a generous man: but he had a healthy respect for the value of a dollar. As a result of his in fluence and example, I have nev er borrowed a dollar in my Ufa either for business or for person al reasons. THE EFFECT OF DKBT I kuow from a lifetime of ob servation t'hat . the borrowing of money, either by an Individual or by a corporation, can result in terrible consequences. This it) likewise true from a national point of view. Note the effect upon individuals of ot4ier coun tries when inflation followed up on the heels of a broken-down debt- -structure- Indebtedness of miy kind, whether of a social or a "TtnancTal nature, is best to be^ avoided. Certainly, In its wake can come discontent, distress, poverty, and unemployment. ? Today, much of our national prosperity, us reflected by larger ' pay rolls, higher wages, increased retail trade, and a generally larg er volume of business, is based upon our expanding debts. Some Of our needs are leptMnmle m.l, and economically sound; but oth ers are false and should be aban doned But note the word "ex panding." It is not the debt which gives us good business, but the cont4nued Increasing of the debt. Herein lies the danger of borrow ing. Read Romans Thirteenth Chapter. Eighth Verse, and see what the Bible has to say on this subject. WHERE DO WE STAND. Newspaper readers kuow that> the limit of the national debt has been recently raised from '49 to 65 billion dollars. The latest fi gures available for the actual size of the national debt put It at $45,876,972,76!) as of January 3. The per capita share of this debt amounts to $346.48 for every man. woman, and child in the country, or about $1,SOO per fam ily. It may bo of some interest to note thai' on August 31. 191), when World War 1 was at Us peak, the national debt amounted to only $26,596,701,648, the per capita share being $250.18. Private debt now also far ex ceeds the existing and contem plated national debt. Thy tong te)tn private debt amounts to about 75 billions and includes 43 billions of mortgages; 1$ billions of railroad debts; 1$ billions of public utility debts; And C billions of industrial corporate debt*. The additional short-term private debt is represented by 24 billions of bank loans; 10 billions of retail credit extensions; and 3 billions of loans ou life insuranqk policies, altogether, we have a private debt of 112 billions. Our combined municipal and state public debt Is 20 billions. Adding oar nation al, private, and public debts, we get a grand total of 17* billions, or about $<,000 per family. ARE OOVERNMBNT BONDS # * 8AFB? >? The Federal Government will shortly announce a new loan. More and larger ones will follow. I am continually being asked It these new bonds will be paid. My an swer Is, "Yes" because the Fed eral Government can print paper money - to pay them off. This is something that states, municipali ties, corporations, and Individu als cannot do. But how much this paper money will be worth Is an other matiter. If the War lasts very long. It will not be worth much. A constant increase in national, city, or municipal debt is Just as bad as an increase In personal debt. This especially applies to War debt. If Germany loses the War, she will repudiate her debt and forget it; while it she wins, she will make us pay it. Great Britain wllj follow a similar pro gram. But you say titaat Uncle Sam will not let Britain lose. Very well. 1 agree; bvt still the War , could fend in a stalemate with a (Continued on Page Eight)