Newspapers / The Franklin Times (Louisburg, … / April 11, 1941, edition 1 / Page 3
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TAXATION, BORROWING, AND INFLATION t . Babson Is Not Worried (By KOGKK \V. BAUSON) Washington, I). C., April 11. ? Tax returns and tax payments in iuurcu suuiuereu :ill previous re cords. However, the taxes yollec UbTe" this year will be far short of our require ments. Not only, are our defense charges increas ing- rapidly; hill the outlay of t>he civil depart ments of govern ment has risen over $3,000,000. HABSOX 000 in the past ten years. * Washington apparent ly expects) sacrifices 011 t'he part of everyone except "itself! Hence, taxes are being raised to support its increased c.osts as well as to bear the expense of- defense. Proposed Higher Taxes The jilan to tax all new govern is a step "in "tl^e "right '^HrecMon" This, moreover, should help gen eral business and relieve unem ployment by causing rich people and ban)E? to invest more in in dustry^-' Mr. Morgenthau hopes that taxes can supply two-thirds of our spendings. while borrow ing will carry the other one-third. This would mean for 1 9 42 furth er increase of more than $3,000, 000,000 in tax payments. This seems to me Vu be too much. ? but unfortunately 1 am a statis tician and not a politician. Half of the needed money should come from higher tax re ceipts upon a larger national in-, come without increasing the ti*x rates. The remainder, the Treas : iiry claims, must come" from wluilly new taxation. Haised rates <nv eoritorm ion hh4 jtri vat?> in comes can provide rome of this -tmw revpmnr ? Tli1u Ttiny m e:tn n 2% increase in normal taxes on private incomes v illi surtaxes be ginning on net incomes of $3,009 instead of at the present level of % 4 ,00_0j The defensi tax of l',r; M7 be raised instate and gift taxes may come in .for upward re vision. A raise from_ i'4'i to ?i0c/r for tul'i^ijuuus earning over $25,000 is possible. If these new taxes will help us "pay as we ~vn ? tflpy pr ah hi ihh-iw rwfiuwi. Il< is belter lo pay lor our way of living in cash than in blood. "Good-Bye" To a Debt Limit v In the wake of the passage of the I^nd-Lestse Bill last month, we hnve seen, negotiations to t?ke "over Britain's war contractsln exchange for Eer manufacturing plants and of her real estate in this countTy as well as her secur ities. We have seen billions of new appropriations for our own defense measures. The passage of the $7,000,000,000 "arsenal of democracy" bill increased our per capita debt by $53. This alone boosted the per capita share front $346 to $399. or about $2,000 per family. m When t'he latest debt "figures for the quarter ending March 31 are available, the total will be found to be rapidly approaching the present ceiling of $65,000. 000,000. In so sayiug. 1 am con sidering this in terms.of what we are already committed for and of what we expect to do. The orig inal budget cost of the defense program for 1942, submitted by the White House to Congress in' January us totaling $28,480,000, 000, has been raised to $35,480, 000,000. Of this latest $7,000, 000,000 appropriation, labor will get 40%; materials will cost an other 40%; and 20% will go for management, interest, and oveY: head. - Why. Not Cut Crime ? 1 have told readers of this col ?n k. GOOD REASONS WHY QUINTUPLETS ' use MUSTEROLE for CHESTCOlDSl Mother? Give YOUR Child This Sim Expert Care I At the flr*t sign of ? cheat cold the Quintuplets' throete end chests ere lobbed with Children'* Mild Musterole ? e product made to promptly relieve the DISTRESS of children a colds end resulting bronchial and eroupjr cough*. Relief usually come* quickly because Musterole is MORE than an ordinary* "salve." It help* break up local con gestion. As Musterole is need on the Quinte yob may be rare yon are using juat about the BEST product made. Alao In Regular and Rxtra Strength for those preferring a itronxer product MUSTEROLE umn that I would try to warn them when tihe inflation situation becomes dangerous. That time is uot yet at hand. The heavy taxes already assessed should postpone the evils at inflation. When taxes are raised above a certain amount, however, concerns fold up and new concerns dare not start in business. As a result, the na tion's total income fulls off and the government^ does not collect' as much real tax money with the higher rates as it did from the lower rates. In cases where the government' has taken over fac tories or public utilities. ALL the tax money is lost. This appears iu those cities where new govern ment housiug schemes are under way. Therefore, every reader is justified in lighting tuxes and working to keep them down. ResidesTltiereis a way to "raise these billions needed to defeat Hitler besides resorting t?> taxa tion. borrowing, or inflation. We can cut down our crime bill, liy doing this, we can keep from in debt. Moreover, we. can enjoy an even better standard of living. The annual crime bill for the United States is $15,000,000,000 per year. This staggering cost does not Include the billions spent on commercialized vice, illtigal gambling, narcotics, etc. It in cludes only goods destroyed, buil dings burned by criminals, and the cost of operating police sys tems, prisons, and insane hospi tals. plus the loss oT production by those envolved. LET MR. MORUKNTHAtl GET SOMK OF HIS NEEDED MONEY BY UK DUCING THE CRIME RILI., Don't Worry Vet In spite of our carrying much of the financial burden of other democracies, as well as the de fense and civil expenses of our own country., our resources are enormous. Against our borrow ing must "le public and private wealth. .We can go a long way before this is exhausted. No one. however, can afford to stand idly by as our government gets deeper into debt without helping In some way. We can at least reduce our private debts. I do not expect the time will ever come in this country when one will be penalized for saving money ! I still believe in our dollar. Cer tainly. many people outside our borders believe in it too! Si'tvlngs. however, should be' in vestr-JT jti(lfclously~What was safe in your father's day may not' be ?s.ifc today. New rules are ill ilie making; F>ut those who recog nize them should have nothing to fear. Truly, these are wonderful limes in Which to live. As Thom as A. Kempis said, "It is good for wl now and then to have some trouble* attd -adverfllties." Until they can be solved, we should have faith ill our leaders. Con fidence. not fear, should rnle our hrnrts and our heads. DON'T BE BOSSED by your LAXATIVE" relieve CONSHMTION THIS MODERN WAY ? When you fcel |tuy, headachy, logy due to clogged-up bowels, do as oUHionm do ? take Feen-A-Mint at bedtime. Next morning ? thorough, comfortable relief, ; helping you start the day full of your : normal energy and pep, feeling like a 1 million! Feen-A-Mint doesn't disturb | your night's rest or interfere with work tho ? next day. TVy Feen-A-Mint, the chewing gum laxative, yourwelf. It tastas good, it's handy and economical ... a family supply 1 costs only _ 10 i FEEN-A-MINT DK. I'ATTKN DISCl'SSKS \K\V ? (WBSKS Dr. Walter Patten. President of l^oilishutfi ?olJege, in his talk at 10:30 o'clock'in the college au ditorium Tuesday discussed school activities for the coming year and presented a personal conference plan, so that students may plan work for the coming year. A com mittee of the faculty members have been appointed to aid the students in planning activities and work to better adapt themselves to their interest. ' nr. ratten also explained tnat 'new courses had been added for the coming year to those students who wish to receive further teach jer training and transfer to an other school and for Honiemak ing. These courses meet the re quIretaentB of the State Depart ment of Education. ~ in closing. I)j\ Pal ten extended a welcome l<> those students who might wlata to return to Douishurg College to re ceive further training. The U. 8. Department of Ajtrt culture has announced the pur chase of approximately $10,000 - jOOO worth of surplus food com >nuSditieH during the period of jMarch 15 through March 31. ^ I buy everything "I SIDE-DRESS CORN wrtH Srcadian, Tfie American Nitrate of Soda, when plants are knee-high" 100 to 200 pounds of Arcadian per acre adds 10 to 20 bushels to my yield at a cost of about 2Qcents per bushel. Cattle, hogs and hens turn this corn into cash. "Arcadian is made by homefolks here in the South. Homefolks buy my milk, meat and eggs. Give me Arcadian, with Uncle Sam on the bag!" ? from horn ef oiks" it MlTB?lR5??AS( nitrate of ; soda nO?W|U.y/R6MUi ? MMnr COMMIT THE BARRETT COMPANY hOPEWEll, VA . RALEIGH, N. C. COIUMBIA, S.C. ATtANTA, GA. MONTGOMERY, AU. NEW ORIEANS, LA. MEMPHIS, TENN. FOR COUGHS FROM COLDS THAT WONT TURN LOOSE TAKE ONE SIP OF MENTHO-MULSION WAIT FIVE MINUTES IF YOUFAILTO GET RELIEF ASK FOR YOUR MONEY BACK SCOGGIN'S mtl'G STORE NKW I'HKKIIHiNT ! _ _ . Columbia. S. (April 8. ? W. Arthur Minor. Jr.. assistant to i the administrator of the Agricul tural Adjustment Administration. ! at Washington, has boon elected [ president of thr Production Cred- . |tt Corporation of -Columbia; Har-4 ry L. Rrown, general agent of the Fa rin Credit Administration of : Columbia, unnounced today. I Mr Minor htt<i lieen with theL i AAA for the past-six years. Mr. j jRrown said, and prior to thai time i [was engaged in extension work | iu Georgia. He is a natove of! Stone Mountain, Ga., and a grad- j uate of the University of Georgia. : He will assume his duties as pres ident of the Corporation on May !. Mr. Minor 8iioree<Ts"Vrunk J. Towles who resigned as president of the Corporation several weeks ?F" ' / . _ j This marks the fourth consecu tive year that' the world supply of American cotton has Iwen' close to !i?, 000, 000 bales and the world supply of all kinds of cotton near 50,000.00(1 bales. JOKeHi'K" M tarry ^9 4^^ rP^666 ^^^^UOUD.IA?UrS.&UVS.*OSi ?<*? Science now siiys t'hat love is a form of electricity. Which ts probably the reason old Tolks call ed it "sparking." COOPERATIVE INSURANCE . ' is SELF HELP Farm Bureau cooperative insurance gives you. the policy - holder. ? economic control over your protect ion costs. - For Farm Bureau Automobile and Life Instn uHcr. call MllS. HOOOIK \V. HK11WIMK, Office over l)r. W. C\ IVrry's Office Home IMuuie 417-4 Hourw: 10 to 12 ? ? ? nepreneiit4n< . ? ? Farm Bureau Insurance Companies - IIuiih' Olfim' I'liliiinliin, Oliiii MAKE MORE COTTON rat ACRE IN 1941 r~ If. GETTING BETTER SEED F. H. ALLEN Louisburg, N. C is offering Cokers 100 the best on the market by test, thoroughly suitable to Franklin County soil, thoroughly recleaned and fully treated with Oeresan. This variety is as nearly disease resistant as can be made. / I will loan you all the seed you need for your 1941 crop. These seed were saved in a separate gin especially for planting. In the fall I will buy your seed at top market prices. I am here to serve you with your Cotton Crop from the planting to the sale, so come on and lets get together. ' F. H. ALLEN 5 Kenmore Avenue Louisburg, N. C. Everybody's Talking About The New Hotpoint r ELECTRIC RANGE f f HEY ALICE, LOOK I AT THE NEW MOTWINT 1 ELECTRIC RANCE rve SF6W IT AS0 MADE A DATE FOR YQU TODAY WIJH THE HOTPOINT SALESMAN MY MOM SAYS. HER HOTPOINT RANGE IS FAST, CLEAN AND ECONOMICAL ! . . C suRE ^ AND ITS SAFE 1 BECAUSE IT'S 1 HFIAMEUSS J jfetpginj' ELECTRIC RANGE TMe&iuked "Merit ? FEATURES WORTH TALKING ABOUT ? Three new improved Hi -Speed Calrod Surface Units, each with 5 Measured Heats. e New 5-Heat Thrift Cooker with Flavor Seal Lid. ? e New Ail-Purpose Flavor-Seal Oven. ; e New Calrod Baking Unit with new Heat Deflector. e New Radiant Broiler Unit ? larger than ever. e All-Porcelain enamel inside and wri. e New Indicating Switch Buttons. e Battleship construction. Frame is electrically welded. e FAST as fire without the flam*. ? CLEAN as electric tig hi. the New Century Hotpoint's Arratcst accnmplimhnimt in producing a hijh quality ?"?' J rfal low pric*. NEW CALROD SURFACE UNITS COOK WITH Measured Heat EACH CALROD cooking unit pro* vides 5 Measured Heats. Cook* faster oi slower, as needed, bat always economically. Coils are self-deanin?, LADIES: Phase Accept 1Mb lady Hotpoint MEAL PLANNER As A Gift! 'TV) induce you JL to ooiMin and see the grand new Hotpoint Electric Range we offer you, without charge or obligation, this re markable Hotpoint Meai riannor. ix mnnini jt umi anced menus. Select the main dish, twist the dial and the Meal Planner ?bowi what other dishes may be served to provide a Unified mesL Just flB in this coupon and bring it to our store today. 1 ; cur RAYNORS RADIO AND JEWELRY SHOP "We Sell the Best and Service the Rest" Expert Repairs on All Radios and Jewelry.
The Franklin Times (Louisburg, N.C.)
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April 11, 1941, edition 1
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