1 MAKE EVERY
PAY DAY
BOND DAY
VOLUMN LXXIV
$1.50 per year In Advance
LOUISBURG, N. CAROLINA FRIDAY, FEBRUARY 12, 104:1
(Eight Pages)
NUMBER 1
HAKE SAURY
INCREASE
Stops Practice
Use of Armory
Dr. Burt Appointed Town
Health Officer; To Pay
Note; Receive Reports;
Sell Property; Routine
The Board of Town Commis
sioners met ip regular Session at
7:30 Friday evening.
All members of the ^ard were
present except Commissioner W.
B.1 Barrow.
Minutes ef previous meetings
?were approved by the Board.
The monthly reports of the
Town Clerk, Tax .Collector. Chief
of Police, and Superintendent of
the Light and Water Departments
were approved by the Board.
The Board voted to accept the
contract for liquid chlorine which
was submitted by the Mathieson
Alkali Works, Inc.
The Board approved the sale of
the Pattie Perry, Est., property
in Blacktown to Ida Perry.
The Special Committee on thq
Airport reported that the promo
ters of the Airport had not yet
secured a lease on a suitable
landing field.
A motion was passed by the
Board instructing the Town Clerk
to pay the balance due on the 6%
note which js held by the First
Citizens Bank & Trust Co.
The Board instructed ttie Tax
Collector to authorize the Chief
of Police to collect all petty per
sonal property and delinquent
Poll taxes that are due against
coicred tax payers.
The Board authorized the fol
lowing increase salaries of
Town employees; effective as of
Feb. 5th, lJMs :
C. E. Spencer, Linesman, $5.00
per week.
Plant Engineers, $2.50 per
?week.
_/T. K. Stockard, Town Clerk,
$10.00 per month.
E. S. Ford, Jr., Tax Collector,
$10.00 per month.
"A motion was passed instruct
ing the Building Committee to
have doors built to the stairways
leading "to the Armory Building
balcony, in order to prevent peo
ple entering the Armory auditor
ium from the balcony. The
Board also ordered that the Ar
mory auditorium be closed to
basket ball practices and other
games.
Dr. S. P. Burt was appointed
by the Board to the office of Town
Health Officer, by an unanimous
vote.
After allowing a number of in
voices the Board adjourned.
o ?
Volunteers
William T. Person, Jr. left the
past week for Miami Beach. Fla..
where he has been assigned for
training in 'the Army Air Corps,
as an Aviation Cadet.
For the past year he has held
a responsible position with the
Delta Shipbuilding Co., of New
Orleans, La., coming hpme last
November to volunteer his ser
vices to his country. ^While
awaiting his call he was empl6y
ed by the Roberson Electrical Co.
here.
? o ?
WILDER-MATTHEWS
Mr. and Mrs. H. A. Matthews
announce, the marriage of their
daughter, Marian Leigh, to Sgt.
Marshburn G. Wilder, United
States Army, on Thursday, Feb
ruary the fourth, nineteen hund
red and forty-three, Baptist
Church, Bennettsvllle, S. C. Sgt.
Wilder is the son of Mr. and Mrs.
J. B. Wilder, of Louisburg.
o
Allied troops fighting in North
Africa are familiar with ration
ing of the scarcest commodity
there ? water. From private to
general, water rations are iden
tical. *
PROGRAM AT THE ,
LOUISBURG THEATRE
The following Is the program
at the Louisburg Theatre, begin
ning Saturday, Feb. 13th:
Saturday ? Charles Starrett and
Russell Hayden in "Fighting
Buckaroo" and John Loder "Go
rilla Man". Also last chapter
"King of The Mounties."
Sunday-Monday ? Paul Muni (n
"Commandos Strike At Dawn."
Tuesday ? Alexander Korda's
great production "One Of Our
Aircraft Is Missing" with Godfrey
Tearle and Eric Portman. Also
Bill Elliott Serial.
Wednesday ? Dick Powwell and
Fred Waring an his Pennsylvan
lans in "Varsity Show," alsq Su
perman cartoon. . * ?
Thursday-Friday ? Gene Tler
ney and George Montgomery in
"China Girl."
f.
Epsom Evening
Class Buy $4,350
In Bonds
The prize-giving War Bond
campaign, a special feature of
the Epsom Evening Class pro
gram i& gaining in momentum as
the weekly meetings go by. One
hundred and twenty-five dollars
was pledged in Bonds the first
night, fifteen hundred and twen
ty-five dollars the second meet
ing night, and tWenty-flve hund
red the third meeting night whlfch1
was last Monday night, Feb. 8.
Other ^purchases beyond the
pledges, $200.00.
Thus far the class has pur
chased or has pledged to pur
chase $4,350.00 worth of War
Bonds. The buyers have one
week to purchase their bid in
Bonds and surrender official!
proof.
The results of the last sale
was ten items sold as follows:
The first being the object, the
second being the donor, the third
being the buyer, and the last be
ing the bid:
1. One Kelley Ax, C. S. Finch,
of Henderson, George Robertson.
$175.00.
2. One pair of Hames. Henry
Moss, of Henderson, Tollie Smith,
$175.00.
3. One Blue Grass Ax, Wat
kins Hardware, of Henderson,
B. M. Newman, $200.00.
4. One Shirt and Tie, Leggett's
of Henderson, Henry Mitchell,!
$200.00. -
5. One Bridle, D. T. Dickie, of I
Epsom, W. J. Bowen, $225.00.
6. One Horse Collar, C. W.
Finch & Son, of Henderson, G. !
W. Eaves, $525.00.
7. One Work Suit, Efird's Dept.
Store, of Henderson, G. T. Rob
ertson, $200.00.
8. 100 yds. Plant Bed Cloth,
Rose Gin & Supply Co., of Hen-!
derson. Tollie Smith. $325.00.
9. One Bag Cotton Seed Meal,
Blair Tucker, of Louisburg, Tol-i
lie Smith, $175.00.
10. One Horse Collai-, Legg-j
Parham, of Henderson, G. T.
Robertson, $300.00.
All prizes were secured by|
class members and Mr. R. A.
Bartholomew and Mr. W. A. I
Rowland have agreed to bring
prizes next time. Mr. B. M.
Newman also volunteered to fur
nish two prizes whlchvwould be
auctioneered to ladies only ? noj
men allowed to bid.
The, topic for study last Mon-|
day night was Increased Milk
Production, a subject presented
by J. T. Griffin, local agriculture
teacher; -The subject for next)
[time will be Increased Pork Pro-j
jduction. The class will meet
leach Monday night through
[March 22.
P. T. A. to Observe
Father's Night
Special observance to commem
orate the 46th anniversary ot the
founding of the National Con
gress of Parents and Teachers
will be hfild Thursday evening,
Feb. 18, at 8 o'clock in the Homej
Economics room of the Mills
High School.
This meeting will also be held'
in lienor of the Fathers Of the
P. T. A. and a very special pro
gram witlv the band and a puppet
show under the direction of MVs.
James King, Miss Vivian Lucas
and Miss Helen Smithwick will
be presented.
Mrs. F. L. O'Neal president of
the P. T. A. asked all parents to
attend at this special meeting!.
o _
W. O. Stone Dead
Mr. W. O. (Bud) Stone, one*of
Cedar Rock community's bfest
known, and respected citizens died
early Tuesday morning following
several years declining health.
He was 81 years of age and is
survived by one daughter, Mrs.
W. H. Ivey, of Pine Tops, and one
son, Mr. J. M. Stone, of the home,
near Edward Best School. His
wife preceeded him to the grave
many years ago. Before his
health begun to fail Mr. Stone
was among his community's most
progressive and successful plant
ers and public spirited citizens.
Funer'al services were held;
from the home Wednesday after-:
noon at 3 o'clock, conducted by
Rev. Rex Campbell and Interment
was made in the family cemetery
nearby. , -
Quite A number of relatives
and friends were in attendance
and the floral tribute was espec
ially pretty.
O
LOUISBURG
METHODIST CHURCH
Sunday morning at the 11:00
o'clock service the pastor will
speak on "Freedom of Religion."
Evening service at 7:30.
Church School convenes at
9:45 a. m.
Young People's services at
6:45 p. m.
You are Welcome 'to these ser
vices. ? "?IT!
RATION SHOES]
Plan Announced
Sunday; Rationing
Tuesday; Three
Pairs per Person a
Year
WasbingtojtriJeb. .7.? Tl)e gov
wamenl Uut'shoes on the ration
ing list ttmay. Sales are .prohib
ited -?tomorrow and rationing
starts Tuesday.
The ration is three pairs a year
for every man, woman and child,
but members of a family may
pool" their coupons so that some
may buy more if others buy less.
The rationing covers all shoes
containing any leather and all
ru.bber-soled shoes, but not slip
pers, soft-soled baby shoes or
storm wear such as rubbers and j
Arctics. Shoe repair work and
second-hand shoes are not ra
tioned.
At the same time announce
ment was made that manufactur
ers will be ordered to stop mak
ing evening slippers, men's patr
ent-leather shoes, two-tone shoes
.and many types of special, sports
wear in order to make the best
use of the leather supply. /
In contrast to advance public
ity on previous rationing under
takings. the shoe order was pro
mulgated from, the White House
at 2:30 p. m., today without pri
or warning' either to the public or
business men and went into ef
fect a half hour later.
When rationed sales start
Tuesday, the No. 17 stamp of |
sugar-coffee ration books will be!
used. Every such stamp will be
good for one pair of shoes until
June 15, when a new stamp will
be designated.
Officials said that the nations
still has a large stock of shoes
and rationing was instil uted to
prevent hoarding and to provido
as liberal a ration as possible. j
Heaviest Buying
In New York, Harold VV. Volk', |
Dallas. Tex., president of the Na
tional Shoe Retailers Association,
said in ail interview that ration
ing of footwear was necessary
because of the heaviest civilian
buying in history, coupled with'
demands of the various branches
of the service.
He predicted that there would |
be no hardship, since a survey for
thg past five years showed that
the per capita shoe purchases in
this country were 3.7 pairs per!
year. He advised, however, that!
averages do not hold good every
where and that it might run from
one pair to six pairs.
"In the belief that this order
is one of the fairest that could
have been prepared to meet the
circumstances, I feel it should j
get the sincere and wholehearted
cooperation of every merchant,"
Volk said. He added that the
organization he heads represents
80 per cent of the retail shoe
volume in the United States.
There are 200.000 retail shoe
outlets in the United States, in
cluding general stores and 20,000
shoe stores, Volk added.
Several meetings of both re
tailer's" and manufacturers with
government officials in Washing- 1
ton were held recently, Volk said. j
o
LOUISBURG
BAPTIST CHURCH
The pastor, Dr. A. Paul Bagby.j
will preach Sunday morning on!
the subject", "The Green and the
Dry"; and in the evening will
start a series of sermons on Old
Testament saints speaking on
Enoch. Every one who will wor
ship with us will be given a hear
ty welcome.
9:45 a. m. Bible School.
11:00 a. m. Morning Worship.
7:30 p. m. Evening Worship.
Rev. T. A. Sikes
Dead
Charlotte. ? Funeral services j
were held Sunday at the First Me-j
thodist Church here for the Rev. i
Timothy A. Sikes, retired Metbo-I
dist minister of Monroe, who
died Thursday of a heart attack,
at the home St his son, Johnj
sikes. at Wrlghtsvllle Beach.
Officiating were the Rev.-J. If
Armbrust. pastor of Central Me
thodist Church of Monroe, and
Dr. G. Ray Jordan, Dr. Howard
P. Powell and the Rev. W. B.
Davis, all Methodist ministers of
Charlotte. Buria} was In Elm
wood Cemetery here.
The Rev. Mr. Sikes, a native
of Union County,, was active in
the ministry for 39 years, retir
ing In 1939. At one time he was
business manager of the North
Carolina Christian Advocate, Me
thodist publication, an office he
held ,for seven years.
Rev, Sikes was a former pas
tor" of the Methodists Churches
at both Fran)cIinton and Louis
burg.
PROMOTED
DARREL I,. I'KIUT^
DOl'ULAS M. I'KltltY
The above pictures are the; two sous of Dr. and Mrs. Herbert
G. Perry, ot 304" N. Main St.. Louisburg. Right is Douglas M.
Perry, who volunteered in the Air Corps from Charlotte, N. C.
He was sent to Nashville. Tennesse from Charlotte, later trans
ferred to Santa Ana, (^alif. for basic training, having made the
third highest average7Tn>; in his class and while there was Wing
Commander of his Squadron. Douglas has recently been trans
ferred to Ontario, Calif, for advanced flying instructions as Avia
tion Cadet. Douglas' wife, the former Miss Ruth Edwards, of
Los Angeles, Calif, is now living in Los Angeles near her husband.
The following item was taken from the Santa Ana, Calif, pa
per w ith reference to -Wing Commander, Douglas Perry. "Doug
las Perry, along with his staff; cutting a fine figure and strut
ting his stuff before his visiting officers in the role of Wing Com
mander. The best looking staff in the review."
Left is First Lt. Darrel L. Perry, the youngest son of Dr. and
Mrs. Perry who volunteered and 'left Louisburg with Battery I!
113tb F. A., when they were first called into service. Darrel
was stationed for sometime- in Columbia. South Carolina, being
transferred from there to Fort Sill, Oklahoma, where he was
commissioned Second Lieutenant in the Spring of 1 !? 4 2 . He
was transferred to Camp Maxey. Texas, where he is at present
stationed. Lt. Perry was recently commissioned First Lieufi'ii
'ant after being at Car.i;> Mnxey about three and dne-half month: .
Lt. Perry is married to the former Miss Peggy Ford, of Lonis
burg, who is at present residing in Paris, Texas, near her husband.
. i
London, Feb. 10. ? In the most
widespread raids since the Baltic
of Britain. German planes, be
lieved to include a new-type ligh
ter-bomber, machinegunned 20
towns today, hitting a school,
churches, houses, stores and a
restaurant; and killing a number
of persons and * injuring many
others.
It was a raid carried out in the
latent German fashion ? the big
gest buildings in sight were made
the targets as they came within
view pf the speeding planes. Des
pite the wide area covered, the
enemy force was believed not to
have exceeded 10 planes, three
of which were destroyed.
Meanwhile, y the RAF was
pounding railroad yards at Caen,
France.
The attacking planes were be- 1
lieved to have' included a new
type described only today by the
Ministry of Aircraft Production, a
heavily armed Messerschmitt, the
ME-201A-1, which carried 2,200
pounds of bombs and can be em
ployed as a long-range fighter,
dive-bomber or ground-strafer. It 1
is a fast ship carrying a crew
of three.
Moscow, Thursday, Feb. 11. ?
Tottering German defenses sag- '
ged back within 22 miles of Khar
kov yesterday when Russian
forces closing an are of steel on
the great Ukranian city captured
the towns of Chuguey and Vol
chansk, a special Soviet communi- 1
que disclosed today.
Thunderbolt Soviet advances
wiped but German resistance at
two of the strongest outposts at
Kharkov and laid open the im- 1
mediate approaches to the indus
trial capital of The Ukraine andi
one of the mightiest military!
strongholds in the area.
Slicing in from two directions,!
the Russians seized Ctyuguev, 22 h
miles southeast of Kharkov on the.'
railway to Kupyansk, and Volch-|
ansk, 37 mile northeast of the,'
threatened city on the Belgorod- 1]
Kupyansk line, the special bul-j'
letin reported.
To the southeast, other Rus-|'
sian forces driving westward to- j ^
ward Rostov along the north bank''
of the Don River have reached!
?the Moscow-Rostov railroad line
below Novocherkassk, only 20j
miles from .the Caucasian gate
way city, the Wednesday mid
night communique disclosed. j
Stiff fighting is in progress and t
the enemy is putting up stubborn ,,
resistance, the communique said.1
Soviet troops south of Rostov are i
deploying along the south bank j
of the Don for a frontal sniash ,
against the north-bank strong- ,<
hold. i
London, Feb. 10. ? The prom
ise of an imminent attack uponji
Marshal Erwln Rommel was seen|'
in the announcement of General <
Sir Harold Alexander in Cairo to- !
day that the BritislI Eighth Army i
is rolling forward into Tunisia.-)!
while American bombers ;ind new
fighter plane teams from their
North African bases kept up their
heavy assault.
"The enemy's forces have been
eliminated completely from Egypt
from Cyrerlaica, Eibya and Tripo
litania and the Eighth Army is
advancing," the British Middle
East commander told a press con
ference in Cairo.
General Alexander expressed
the opinion that the Mareth Line,
65 miles inside Tunisia and only
40 miles long, could be turned
easily by motorized forces sweep
ing around its end, but he did
not say the line now was under
attack.
However, he expressed the be
lief that Marshal llommel would
husband his depleted Italian and
Uerman forces behind that system
of French fortifications as long
as he was not threatened with
being cut off.
An Advance Base in the South
Pacific, Feb. 10. ? A new drive
in the South Pacific was" promis
ed today following the success of
America's first great offensive by
land sea and air in the Solomons.
A Navy spokesman said that
the Japs had been eliminated
completely from Guadalcanal Is
land after losses of between 30,
000 and 50,000 men, 1,100 planes
an(J 72 ships during the last six
months in the Solomofis. -
"We are going to take offen
sive a-ction in which the complete
seizure/of Guadalcanal has an
Important part," said Captain
Myles Browning, chief of staff to
Admiral William F. Halsey, Jr.,
commander of the United Pacific.
"I am not at liberty to say
what."
Admiral Halsey congTatuIated
Major General Alexander M.
Patch, who took command of the
Army forces on Guadalcanal when
the Marines withdrew.
The offensive to retake Guadal
canal from the Japs was launch
3d by the Marines last August 7.
Since then there have been five
;reat naval battles in the Solo
mons. hundreds of air skirmishes
ind raids and months of fighting
in slimy jungles.
ST. PAUL'S
EPISCOPAL CHURCH
There will be the early cele
bration of the Holy Communion
at 8:00 a. m. Church School at
9:45 a. m.
This Sunday there will be a
Special Service in commemora
tion of the thirty-third anniver
jary of the Boy Scout movement
in the United States. Our local
3cou? Troop will be with us at
)ur 11 :6o o'clock service.
At this service the churches'
3ervice Flag will be dedicated,
rftfrteen per cent of St. Paul's
'ommunicants are In i the Armed
Service of oni; country! This sei'
rice flag was given bj\ Mr. W. J.
Shearin.
Red Cross J\
War Drive
In order that the Louisburg
Chapter of the Red Cross may
reach the goal of $3,900.00 set
for it in the drive which^ begins
March 1,'it will be necpttSary that
some large gifts btj/fiad. If we
can find five me* who will give|
$100.00 each, /fen who will give
$50. 00 eacl*^ and fifty who will
giye $25.00 each, we can readily
ieach/fhe goal. Let each one bo
tlUwking the matter over.
/"Everyone knows what a great
work the Red Cross is doing both
at home and abroad, ' The fol- (
lowing letter is but ohe evidence'
of it:
"American Red Cross:
1 received a sweateu from your
chiTfUer and was very glad to j
get it. I do not Itnow how toj
thank you as the sweater was
very nice and I can use it. Please!
| thank all the mothers in Louis- J
burg as 1 do not know which one
| made it, so you can thank them|
all. It gets very cold out at seaj
and now that I*have that sweater j
I won't mind the cold now. I'll
have to close now as I have to go
back on duty.
I remain.
MORTIN BRODSKY,
U. S. Coast Guard,
c|o Lifeboat Station,
Atlantic City, N. J.
P. S. ? My C. P. O. Just let me]
know that he also got a sweater;
and to thank you to. I would
lappreciate if some of the moth
ers and girls of the Red Cross to:
write to me.
Thanking you. I remain
Morton." j
Run Over By
Wagon? Killed
Duties K. ,'Berrell, about six or
|7 years old, son of Noel Terrell,
[colored, was run over by a wa
gon loaded with logs Tuesday af
ternoon. near Weldon's Pond, and
almost instantly killed. The hoy
was running and jumping on the
'wagon, and had been stopped by
j the driver, and held by his sister
land another child for .the wagon
lot get ahead. When turned
loose Ahe hoy ran and attempted
. j t o get on the wagon between the
wheels and missed, the wagon
wheel crossing his abdomen. The
I wagon was driven by Clarence
\ Hayes, colored.
Coroner. R. A. Bobbitt and of
ficers R. 15. Neal and K. li. Joy
ner went to the scene and made
a full investigation. Coroner Bob
bitt considered the accident was
purely unavoidable and ' did -not
hold an inquest.
u I
Recorder's Court
Franklin Recorder's Court held
regular session *>n Tuesday with
only a few cases on docket and
only one of them tried. The dock
let was as. follows:
W. B. Privett was found not
guilty of carrying concealed
weapons.
Robert Henry Dunston, assault
with deadly weapon, continued.
? Richard Patton, no drivers li
cense, continued.
A LETTER FROM A
CADDY IN SERVICE
The members of the Green
Hill Country Club will be inter
ested in the following letter re
ceived this week by W. E. Collier,
'Jr., from a former caddy of their
golf course, now in the armed
service somewhere in the Warj
zone. The letter is from Junior
Malone, (Colored), and is as fol-|
lows :
Jan. 1th
1943 U S Army j
Mister Edward Colltpr Juniorj
from Junior Malone to 'an oldj
boss man dear Mister Collier justi
a few lines to let you know that|
I thank about old boss men even
if i am in the army and a longi
way from home tell all the golfj'
ers every three pars they get on
a round i try to help get six ger
mans so tell them to par all of!
them and the war is over Bennie
Johnson and Spunk Jones and
Bull Johnson and Jeanie Perfy is
with me but thay cant take it
like me i am a soeldred not a|
Rooky 1 hope you can play gof as
you used to but anyway tell all
of thte boys at the golf corse i
said take it easy intill we get this
boy over here that thank he is
bad and that happen to be Ruffe
Neck hitler and then i can play
more golf and caddie some more
and live .In' peace we have a ;
crowd that can make any think
look like hitlers army dook like
a caddies when Mister Ashley ge!
mad aftd run them tyf the. golf'
cose so'he can't win for the shape
he is in so mister i close from j
Kalone to Mister Collier JR
^ VICTORY soon
American farmers in 1942 pro
duced 20 per cent more food than
fa 1939, but 13 per cent of it
went to the United States armed
forces and to our allies.
IS A REAL
ESTATE BOOM
COMING?
Babson Continues His
Discussion Of
Inflation
By ROGER W. BABSON
Babson Park, Mass., February
12. ? Everyone fs asking what
win Happen to
business. e m -
ploy merits agri
culture, the rail
roads and other
affairs after
World- War II.
Even an interest
is developing In
the long-forgot
ten stock mar
ket. I halve my
opinions about
all these things;
but Of necessity
they must be
subject to
BABSOX
change in the light of new con
ditions. Hence;, we will not now
discuss them.
Heal Kstillc Hooms Once
A Generation
Of one thing I am certain, ?
that is we are headed for a much
more active real estate market.
I will not now forecast_ a real
estate boom ? but such 'may oc
cur. Moreover, I haven't any land
to sell! The only bit of land that
I own personally is that upon
which my Wellesley, Massachu
setts home is located.
Stutisiics, however, show that
a real estate boom comes once
every generation. Biologists fig
ure a generation at twenty -one
years or more. Thus, the children
of every generation must have a
fling at real estate themselves.
They refuse to listen to their
parents' advice. This may even
apply to Florida, which had a
boom in 1 ;? 2 4 . 1 'j 2 6. This means
thai those who are now thirty
years of age were only twelve
when the Florida boom was on ?
that. ifu.. they don't remember it.
they, are the ones to start an
other land Jjoom.
Money Cannot Be Destroyed
There is some real logic for a
land boom after World War II.
I have in mind the tremendous
and Unlimited supply of bank de
p o s i t s, cashable government
bonds and pocket book currency
Which will be floating about this
countuy. The government spends
$250,000 for a bomber which is
destroyed, or $2,500,000 for a
ship which is sunk; but the money
is neither destroyed nor sunk. It
remains in banks, bonds or stock
ings, although its purchasing
power may be destroyed.
Someday this money will be
spent for something, ht will con
tinue to circulate for a long time.
During the process, much of it
will go into real estate. Buying
bonds and paying taxes will post
pone inflation; but not prevent
It. The money which we pay into
the government _ for bonds or
taxes is immediately paid out to
farmers, wage workers and oth
ers, Sooner or later they are go
ings to buy something with1 it be
fore its purchasing power de
nlinoa
Homos Arc Good Investments
Readers should remember that
INFLATION does not necessarily
mean that everything will go up
in price. Owing to the great sup
plyof rubber, aluminum, copper
and other raw materials which
will be available after the War,
it is very possible these will de
cline in price. With ten million
soldiers returning, there surely
will be no wage advances. Owing
to the falling off of government
business, there will be very sharp
competition among manufactur
ers for dojne&tic business. This
may result in' price cutting.
Hence, what will these incom
prehensible billions of dollars go
into? What will go up in price
due to increased buying? In what
will people speculate to satisfy
their unquenchable instincts? In
what will the thrifty invest when
they get tired of holding de
preciating currency My answer
is, "Either land or stocks". Cer
tainly, a small, well-located mod
ern home with enough land for
a garden is a good Investment.
How Booms Are Caused
Of course, much of this money
will go into automobiles, refriger
ators, television radios and furni
ture of all kinds. Houses will be
repaired and repainted. New
clothes will be bought and a
thousand other channels of trade
will cpme to life for awhile. A11
of -tlieSe things are, however,
mere chicken feed to what can
be spent for land and stocks when
a boom is on. Also remember that
evon then the money is not de
stroyed! The chap you buy the
land or stocks from has yQur
money and will use tt to buy
some more land or stocks.
A depression ts caused by
everyone wanting to sell. A boom
(Continued on Page Bight)