North Carolina Newspapers

    The Carolina Watchman i^i—f
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i I
The Monetary Pro
Money Possibility.
Serving Notice.
Washington—The first show
down between President Roosevelt
and Congress resulted in a victory
for the President which makes one
thing certain; there will be no ef
fective opposition at this session to
Mr. Roosevelt’s economy recovery
program. Although it was a nar
row margin by which the House
adopted the rule that changes in
the Administration’s budget could
not even be considered unless rec
ommended by the proper com
mittee, it was a clear enough vic
tory. It ties the hands of the
House against any change in the
veterans’ compensation laws, gov
ernment salaries or other items ex
cept a9 the President recommends
them. The rule was adopted in
rhe face of tremendous pressure
from lobbies interested in getting
something for the groups they rep
resent. The eighty-four Demo
cratic members who voted for it
were not voting against the Presi
dent but for their constituents rep
resented by these lobbyists. Now
that they have the rule to hide be
hind nearly all of them can be
counted on to stand behind the
In other words, Congress is going
to continue to do whatever the
President asks it to do; for if it
stands with him on reducing ex
penses in the ordinary budget, it is
impossible to imagine this or any
other Congress opposing him when
he wants to spend money, in the
extraordinary budget. It is not
in the nature or Congress to be
not a complete one as yet, towara
the stabilization of the dollar in
terms of gold and the furthre
backing of United States currency
with silver in addition to gold. He
asked that the top limit of value of
the gold dollar be fixed at 40 per
cent less than at present, or a
"sixty-cent dollar” and that it be
not permitted to fall below half
its present gold content. But the
most important part of the plan
■ _l._ ..1__1 t_
iJ bv/ iibaivv biiv x vwbiai x xvujwj.^ »■»*V
sole custodian of all monetary gold
The Federal Reserve Banks are to
surrender their gold to the Treas
ury and receive in exchange for it
gold certificates, at the new valu
This will make it possible fot
the Government and the Federal
Reserve Banks, between them to is
sue more than eleven billion dol
lars of currency, at the accepted
ratio of one dollar in currency
against 40 cents gold reserves.
There is now outstanding some
what less than half of that amount
of currency. The net effect of
this move, then will be to increase
the Government’s ability to issue
money by more than six billion
dollars, every dollar of it backed by
forty percent gold.
Except for the provision auth
orizing the Treasury to deal in
foreign exchange, with a $2,000,
000,000 fund to operate with as a
means of maintaining parity be
tween our money and that of other
nations, the rest of the President’s
monetary program is frankly de
pendent upon international condi
tions. He would like to take the
next step in the remonetization of
silver, but is waiting for other na
tions besides our own to carry out
their part of the London agreement
under which 66 nations promised
action early this year to increase
the price of silver in relaton to
gold. What the President had to
say on silver is wonh quoting,
The other principle precious
metal—silver—has also been used
from time immemorial as a metalic
base for currencies as well as for
actual currency itself. It is used
as such by probably half of the
Continued on page four
Would Require
Several Years
To Complete
Lfirge Appropriation Bill Consider
ed By House; Many New
Ships Proposed.
Should The Plan Succeed It Would
Not Be Complete Until 1940
Or 1941.
House Democratic and Republi
can leaders indorsed a move to slash
through red tape so the United
States may have a sound fighting
fleet as big as treaties permit.
But even should the plan suc
ceed, the treaty navy could not be
an accomplished fact before 1940
or 1941, four years after present
naval limitation treaties expire.
The house spent the day con
jsidering the annual $284,000,000
naval appropriations bill, which
carried $1,200,000 to start a new
10,000-ton, 8-inch-gun cruiser and
$1,200,000 to begin three new 6
in tne supply bill a measure by 1
Chairman Vinson of the house naval
committee to let the President re
place these obsolete vessels in a five
year program that would cost about
$76,000,000 a year. It provides
for the replacement of 102 old light
cruisers, destroyers, submarine, and
the aged aircraft carrier Langley.
The naval committee approved]
the measure by an 18 to 0 vote
after its membtrs heard Admiral
William H. Standley, chief of naval
operations, say:
"This would enable the Presi
dent to bring our fleet up to date
and keep it there. It is perhaps,
the most important naval legisla
tion since the World war. There
is no question that by not building
up to treaty strength we are en
dangering this country.”
Vere H. Brown
Guest Speaker
At Civitan
Vere H. Brown, head of the
Derby Racing Association, was
guest speaker at the Civitan club
at their regular meeting Thursday
and in his address he told the Civi
tans of plans for the coming meet
here on Mar. 24. At t hat time there
will be no other major horse racing
held in the United States and 500
or more blooded horses are expected
to be entered.
Followers of the sport, he declar
ed, are liberal spenders and a good
market for country produce as
well as provisions for feeding the
race horses will be provided by the
Tammany Boss Dies
John H. McCooey, for 24 years
the boss of Brooklyn Democrats
and Tammany Hall chief, died
Sunday. He was 69 years of age,
and his death comes just at the time
Tammany Hall is at a crisis, its
very existence depending upon the
leader to be chosen and new policies
to be enunciated.
Arlene, 10-year-old daughter of
Mr. and Mrs. Arthur Miller of
Lexington, was fatally burned at!
her home there, when her dress
eaught from an open fireplace.!
She died at a hospital a few hours!
later. The mother was burned
ibout her hands and arms in trying
to save her child.
Loading of revenue freight for
the week ending January 13 total
ed 5 35,627 cars, an increase of 5 5,
588 cars above the preceding week,
the American Railway' Association
tas announced. M i s c e 1 laneous
freight loading for the week of
January 13 totaled 184,256 cars
m increase of 13,405 cars-above the
preceding week and 23,003 cars
lbove the same week in 1933.
James A. Farley, campaign man
iger for President Roosevelt andj
thairman of the Democratic na
tional committee has requested that
i successor be found for him as!
n aviation stock turned out to He
vorth more than $5,000,000 within
'ears. He is confronted with the
>ossibility of an inquiry into his
ncome tax returns.
A gang of hijackers, traveling in ,
:wo cars, used gunfire to force a
iurlington truck to halt south of
Richmond. The truck was several
■ < , , . i
iuuis irfici luuicu uath iu its up
:rators. Paul Holt and R. W. Wor
tham, after $26,000 worth of cig
irets had been removed. The truck
was enroute to Baltimore with 4
shipment from Winston-Salem.
Charles A. Vandiford, 22, j
Greenville, was accidentally killed
in the discharging of a small pistol,
which fell from his pocket and hit
the pavement.
Tom Clevenger, 52, is held at
Newport, Tenn., as a suspect in the
December 19 robbery of the Citi
zens bank at Hot Springs, N. C..,
when four bandits got $2,400.
Theodore S. Johnson, professor
of industry, State college, has been
elected president of the North
Carolina Society of Engineers at
the 17th annual meeting, held in
The annual meeting of the South
ern Furniture Market association,
held in High Point last week, end
ed in election of Charles Lambeth,
o{ Thomasville, as president for the
Ninety-five per cent of the flue- (
cured tobacco growers of North
Carolina have signed crop reduc
ton contracts, tentative reports in
dicated and the signers will get
about $11,000,000 in rental and
equalization payments. E. Y.
Floyd, state campaign director, said
reports in hand indicate the 1934
tobacco crop will be reduced by
165,000 acres, which produce usual
ly about 14,000,000 pounds of the
Noted Artist’sTribute to President Whom
i h i
Nation Honors at Birthday Fetes Jan. 30
•Thisstriking pester was painted by the famous artist, Howard Chandler
Christy, when he heard of the national movement to observe President
Roosevelt’s birthday oh Tuesday night, Jan. 30, by raising an endowment
Fund for Warm Springs Foundation for Infantile Paralysis at Presidential
Birthday Balls given simultaneously in every community in the land. He
gave It to the national committee as its official poster. Done In red, white
■nd blue, the poster depicts Miss America at the left protecting two chil*
dren who are looking up to-President Roosevelt, shown above the capitol.
The slogan across the top “America, to our President” was coined by Mr.
Christy as a toast to Mr. Roosevelt from the nation.
Presidential Ball
To Be Gala Event
Plans for a gala celebration at
she Presidential Pageant-Ball to be
ield at' the Boyden High auditori
um and gymnasium on January 30
lave taken definite torm and the
various committees in charge ex
press their belief that the affair will
leThe largest celebration ever held
n Salisbury. Ticket sales have
•eached an encouraging level. A
late 4heck-up revealed that the
various labor organizations were
leading in the sale of tickets.
Arrangements are being, made
:o have a thorough canvass made
if the business and residential sec
tions. A handsome prize will be
Jonated to the man and woman that
sells the most tickets.
Bids on the first ticket have been
made by several individuals and at
present the highest bid is $23.00.
Bids on ticket one will be received
until Tuesday afternoon at 5
I’clock. Anyone desirous of bid -
ling on this ticket may do so by
tailing Mr. Kizziah at the Register
if Deeds office.
The Tar Heelians will furnish
music for the ball which will begin
promptly at 9:30. At 8:30
a’clock the historical pageant will
ae given in jhe High school audi-j
;orium. The Buccaneers will fur-1
nish music for this event.
The merchants of Salisbury are
to be commended for their liberali
ty in donating prizes for the various
events. Approximately fifteen
prizes are on hand to be awarded to
winners at the pagtant and ball.
The patron committee appointed
the following patrons and patron
esses for the Franklin D. Roosevelt
birthday pageant:
Mr. and Mrs. Clarence H. Rose
boro, Mr. and Mrs. R. Lynn Bern
hardt, Mr. and Mrs. E. L. Craver,
Mr. and Mrs. W. H. Hambley, Mr.
and Mrs. C. A. Brown, Mr. and
Mrs. W. F. Robertson, Mr. and
Mrs. Claude S. Morris, Mr. and Mrs.
James T. Graham, Mr. and Mrs. S
Holmes Plexico, Mr. and Mrs. C. A.
Long, Mr. and Mrs. Chas. E.
Stevenson, Mr. and Mrs. Q. J. Scott,
Mr. anS Mrs. B. D. McCubbins,
Dr. and Mrs. Fleming, Dr. and Mrs.
J. E. Stokes, Mr. and Mrs. W. R.
Currant, Mr. and Mrs. T. E. John
son, Mr. and Mrs. Joe Frick, Dr.
and Mrs. Howard Omwake, Mr
and Mrs. T. M. Byrd, Mr. and Mrs.
John E. Ramsey, Mr. and Mrs.
Lewis J. Kluttz, Mr. James Fdster,
Mrs. Lee S. Overman, Mr. and Mrs.
J. H. A. Lyerly, Mr. and Mrs. W.
(Please turn to back page)
Income Taxpayers Urged
To File Returns Early
Early filing of federal income
tax returns in order to avoid the
rush before the final date on March
15 is urged by J. W. Dellinger, dep
uty collector of internal revenue.
The federal official called at
tention to the fact that a heavy
penalty is imposed by the federal
government on returns filed after
March 15.
"If people will begin to file
their returns this month,” he said,
"they not only will help the col
lectors but they also will-be able
to save themselves considerable in
convenience, which will be caused
by standing in line when returns
are pouring in.”
"We also have some nice horse
radish today,” the grocer was ex
plaining to the new bride out on
her first shopping trip.
"Oh, but we keep a car,” she
explained, sweetly.
This story is related by a person
connected with the White House.
One Sunday after the President
had returned from church, where
he had gone alone, Mrs.- Coolidge
"W-o __is>>
- - o
"Yes,” he answered.
"What was it about?”
"What did the minister say?”
"He was against it.”
Professor (after lengthy expla
nation of philosophical theory)
—"And now, are there any ques
Voice in Rear—"What time is
"Will a dollar pay for your hen
that I just ran over?”
"You’d better make it two; I
have a rooster that thought a lot
of that hen, and the shock might
kill him too.”
The world wants men—true men—
Who cannot be bought or sold—
Men who scorn to violate trust;
r_• 1 j i
For he who is hqnest is noble,
Whatever his fortune or birth.
A good name is rather to be
chosen that great riches and loving
favor rather than silver or gold.—
Truth is the hghest thing a
man can keep.—Chaucer.
True dignity abides with him
Who, in the patient hour of silent
. thought,
Can still respect and still revere
Goofus: "I hear that old Money
bags was waylaid and killed last
Rufus: "Is that so? Did the
criminals get away with much
Goofus: "No. The old man
__!—i__ -
small change around with him and
so practically all he lost was his
"Yes, gentlemen”, he cried, "I’ve
sold these pills for over 20 years,
and never heard a word of com
plaint. Now what does that
Voice from the Crowd: "That
dead men tell no tales.”
"I have always maintained”, de
clared Charles, "that no two peo
ple on earth think alike.”
"You’ll change your mind”, said
his fiancee, "when you look over
our wedding presents.”
After living in the house for a
weeK. tne tenant touA tnc acy uuck
to the agent.
Agent: "What’s wrong? Isn’t
the house good enough for you?”
Tenant: "It’s too good. You
see, the wall is weeping for the sins
of the roof, which is a fresh-air
fiend and insists on letting us see
the wide, open spaces-of the rky
above. Every chimney’s a non
smoker, so the house ain’t no place
for an ordinary sinner like me.”
Cases Now
In Hands Of
Justice Dept.
Hopkins Office Deluged With Pro
tests Threat of Bringing Re
lief Work to About Half
14 States Ordered to Reduce CWA
Payroll; 81,000 Men Removed
From Payroll In Wis.
Harry L. Hopkins, civil works
and emergency relief administrator.
said that charges or graft in hand
ling civil works and relief fund*
had been turned over to the justice
department with a recommendation
for prompt prosecution if sub
We are going after every crook
we find,” Hopkins added.
Meantime, in the face of a bar
rage of 9,000 letters a day, the
administration started to draft
legislation to appropriate more
than a billion dollars to carry on
the work of the Civil Works ad
ministration. The Civilian Con
servation corps and Emergency
Hopkins, office, as well as those
of nearly every congressman, has
been deluged with protests since
thte administrator announced the
Civil Works program would be
brought to an abrupt halt unless
given additional funds.
President Roosevelt is standing
pat, however, on his plan to taper
off the Civil Works program and
wind it up in May.
It is the President’s hope that
with the coming of summer 4,000,
000 men now on the government’s
emergency payroll will be able to
find normal outdoor work.
Nevertheless there is a growing
movement in congress against this
sudden conclusion of the civil
works program and a strong effort
is in prospect to continue it, at least
in part through the summer.
Under the plan for discontinu
ing the Civil Works program, the
first workers would be taken off
the rolls in the south the elimina
tion progressing northward as the
spring and summer seasons advance.
Hopkins has ordered 14 states
to reduce their civil works pay
rolls immediately. The reductions
range from 81,000 men i.i Wiscon
sin to 1,000 in Utah.
Special Services At
First Presbyterian
Will End Sunday
Large crowds which have filled
to almost capacity the church,
have been in attendance at each of
the services which are being held at
10 A. M. and 7:30 P. M., and being
conducted' by Dr. Robt. King at
the First Presbyterian church.
These services will continue through
the week, coming to a close with
the night service Sunday evening.
All who have heard this “winsome’*'
preacher are loud in their praise
and are unanimously agreed that
he is one of the most stirring and
heart-searching minsters ever heard
Band Concert
Be Held Tonight
At Boyden Hi
The Salisbury High School Band,
under the direction of Prof. John
Winks, will give a concert tonight
at 8 o’clock at the Boyden High
School auditorium. The proceeds
of the concert to apply against the
cost of new instruments recently
purchased for the band.
An interesting and entertaining
program has been arranged. The
patronage of the public is urged. '
■g a . ’V —
il.w ' ■ ***■ __

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