North Carolina Newspapers

    The Carolina Watchman | c.=r|
Eyes On California
Our Credit Still Good
Spring Building Plan j
Congress And Relief
Still Face Big Problem
It is no secret that Upton Sin
clair’s candidacy for Governor of
California is giving the Adminis
tration more ground for worry
than any other one sign on the
political horizon. Whether Mr.
Sinclair is elected or not on Nov
ember 6th., the ideas which he has
put in motion have impregnated
many minds with Socialistic theor
ies and to that extent make any
effort on the part of the Admin
istration to preserve its middle-of
the-road course more difficult.
A great deal of the rather con
servative, reassuring talk emanting
from Washington, from the Presi
dent down, in the past few weeks,
has been intended to offset the idea
that the radical infleunce upon the
Administration is still dominant.
Very definitely, Washington does
not want Upton Sinclair to be
elected Governor of California,
even though he is running on the
Democratic ticket. His victory
would give strength to the radicals,
free-spending element which seems
likely to be enlarged, rather than
diminished, in the new Congress.
That is not to intimate that
there is any likelihood of impor
tant curtailment of Government
borrowing and spending, but the
Administration wants - to do the
planning and the spending and not
have its hand forced by wild
schemes which could only be car
ried out by inflationary measures
far greater than any that have so
far been undertaken or that are
contemplated. The credit of the
United States is still good, and Mr.
Roosevelt wants to keep it good.
And there are several things to be
tlone which wiil call for all the
credit the Government has.
Most important of these, next to
maintaining its relief disburse
ments, is the projact^for a gigantic
under the general heading of
""slum clearance.” While nearly 150
million dollars has been allocated
from the PWA funds for the pur
pose of tearing down buildings un
fit for human habitation and re
placing them with modern housing,
few of these projects have been
There has been a fair response
from private capital to the appeal
of the Federal Housing Administra
tion to make loans for modernizing
dwellings, but the movement has
not been fast enough to put a large
enough proportion of unemployed,
carpenters, bricklayers, plasterers,
plumbers and the like, back to
work. So a huge program which
will take in every sort of housing
activity, from subsistence home
steads to great apartment projects
in the big cities, is being worked
out, with the idea that in this way
the Government can, by next
Spring, perhaps put four or fiv,c
million men at work in the build
ing trades.
Meantime, according to oinciai
■figures, the number of individuals
"on relief” is steadily increasing. It
jumped in one year, from August,
1933, to August, 1934, from 15
millions to 18 millions. Due to the
drought and other causes, the in
crease sincie last April has been
above a million more who are de
pendent upon public or charitable
funds for their subsistence.
One result of the huge disburse
ments for relief has, of course, been
to stimulate retail trade in co
sumer goods; but no great appre
ciation in the volume of purchase
of automobiles, electric refrigera
tors and such items can be expect
ed to result from this source.
What the Administration is most
afraid of is that the new Congress
will develop some scheme to bring
the sums alloted for relief up to
what would amount to a normal
wage-scale, thus making it more
difficult for private capital to em
bark with confidence upon new en
terprises or extensions of old ones.
And the great puzzle here is try
ing to find out ways in which the
investment of private capital may
be stimulated.
The hardest-worked man in the
Administration just now is Chester
Davis, administrator of the AAA.
Besides trying to do work that
would be a burden upon half a
dozen ordinary men, he has an in
ternal fight on his hands all the
time, between the theoretical and
(Continued on page four)
Big Majority
Forecast For
Dem. Ticket
Three Outstanding Ora
tors in Congress To
Speak Here
" *
The campaign of 1934 comes to
a close Monday night. Tuesday is
election day. The results will be
broadcast Tuesday night.
Highlights of the closing days of
the 1934 political campaign fol
1. Congressman Harold D. Cool
ey, Representative from the Fourth
North Carolina District, the out
standing young orator in the state
and the youngest mtfnber of the
Tar Heel delegation in the Nation
al Congress, will speak tonight at
7:30 p. m. in the county court
house under the auspices of the
Young Democratic Club of Rowan
County. He will be introduced by
Chas. Price, Democratic nominee
for judge of the county court.
2. Congressman R. L. Doughton,
Representative from this district,
and chairman of the powerful Com
mittee on Ways and Means, will
speak Saturday night at China j
tjie China Grove school, ;|j
sent campaign.
3. Congressman J. J. McSwain,
Greenville, S. C., will close the
campaign for the Democrats in the
courthouse in a final rally Monday
night at 7:30. Mr. McSwain is
chairman of the Military Affairs
Committee of the House. Mr. Mc
Swain spoke here several years ago
to a packed courthouse. He is con
sidered one of the best orators in
South Carolina. Mr. McSwain
will be introduced by Chas. Cog
gin, Democratic nominee for soli
citor of the district.
4. Predictions of Democratic ma
jorities in Rowan county range
from 3 500 to 5500. -*
5. Polls will open Tuesday at
sunrise and close at sunset.
6. Estimated that around 15,
000 votes will be cast in Rowan
county election day.
Sheriff W. B. Arthur was slain
when he entered the cell of Virgil
Stalcup in the jail at Dickens, Tex.,
when he was overcome by the
prisoner and shot with his own
gun. Stalcup was under peniten
tiary sentences totaling 2 54 years.
Five armed men kidnaped the
town marshal of suburban Long
Beach, Mich., and, using him as a
decoy, obtained entrance to the
home of Thomas Maloy, head of
the Chicago motion picture oper
ators union, robbing it of cash and
jewelry estimated to total $63,
Greensboro began a drive some
weeks ago to make its streets safer
for both motorists and pedestrians.
As a result, 128 drivers have had
their licenses suspended during
three weeks of operation of the
drive, and fewer wrecks have oc
curred, with no lives lost.
The Great Atlantic and Pacific
company closed 428 of its stores
in Greater Cleveland, Ohio, as a
result of labor disorders. Labor
union leaders demand that the com
pany submit to unionization of its
employees. The company paid off
at Cleveland at close of business
Saturday 2,200 employees.
The action of a Florida mob in
taking Claude Neal, negro, from
the Brewton . (Ala.) jail Friday
night and lynching" him led almost 1
at once to threats which caused
the governor to place armed men
to guard the jail at Marianna, Fla.
Neal is said to have confessed to
assaulting and killing a young
farm white woman. On Sunday,
the excitement was abating and of
ficials had the situation well in
hand. Demands from many sources
are being made to the President
that the lynchers be vigorously
dealt with.
The following tickets will be
oted on in the election Tuesday:
For State Senator, J. Allan Dunn,
Democrat; S. E. Sloop, Republican.
For Member of the House of
Representatives, J. W. Bean, George
Uzzell, Democrats; G. C. Peeler,
W. K. Stonestreet, Republicans.
For Trial Justice Rowan County
Court, Charles Price, Democrat; H.
Grady Dorsett, Republican.
For Register of Deeds, W. D.
Kizziah, Democrat; S. O. Sowers,
For Auditor, J. E. (Pat) Hay
nes, Democrat; N. C. Steele, Re
For Sheriff, J. H. Krider, De
mocrat; Carl E. Sloop, Republican.
For Prosecuting Attorney Rowan
County Court, W. V. Harris, De
mocrat; John H. Kirby, Republi
For Clerk of Superior Court, B.
D. McCubbins, Democrat; Myron
C. M. Fisher, Republican.
For County Commissioners, T.
M. Byrd, C. A. Long, Jim T.
Graham, O. L. Linn, R. L. Bern
hardt, Democrats; W. H. Hobson,
A. D. Lentz, J. A. Gardner, D. E.
Upright, Willis Myers, Republicans.
For Coroner, W. L. Tatum, De
mocrat; C. E. Brown, Republican.
For County Surveyor, J. D.
Justice, Democrat; Gilmer Walker,
For Solicitor, 15 th. Judicial Dis
trict, Charles L. Coggin, Demo
crat, (unopposed.)
For Chief Justice of Supreme
Court, Walter P. Stacy, Democrat;
A. A. Whitener, Republican.
For Associate Justice of Supreme
Court, Michael Schenck, Democrat;
W. H. Fisher, Republican.
For Associate Justice of Supreme
Court, Heriot Clarkson, Democrat;
Willis G. Briggs, Republican.
For Treasurer, Charles M. John
continued on page eight)
S. C. Solon To
Close Campaign
Monday Night
Congressman J. J. McSwain, of
Greenville, S. C., will close the
Democratic campaign in this coun
ty with an address in the court
house Monday night. Mr. Mc
Swain is chairman of the House
Military Affairs Committee. He
is an excellent speaker and a large
crowd is expected to hear him. The
public is cordially invited.
Uoughton Issues
Statement On
Cotton Program
Representative R. L. Doughton,
candidate for Congress in the Ninth
District, made the following state
ment relative to the Bankhead cot
ton bill which has come up fot
much discussion and some criticism:
"This legislation,” Mr. Dough
ton stated, "was enacted upon the
demand of at least 90 per cent of
the cotton farmers through theit
organizations and representatives.
The administration of the law
doubtless in some cases has not con
formed fully with the purposes of
the act. It is recommended by some
that this law should be amended to
allow an exemption of 3, 4, 3, or
6 bales to small farmers. If the
farmers consider this the solution
of the problem, I shall be glad, of
course, to support such an amend
ment and all that will be necessary
as far as I am concerned, as their
representative, will be for the cot
ton farmers to make known such
desire. In fact, any amendment
they decided will Be in their inter
est will receive my hearty support,
__r..n j„i:i__j
consideration the cotton farmers in
my district deem it in their inter
est to have the law repealed, I
pledge my best efforts to carry out
their wishes.
"The President, the Democratic
Congress and the Democratic Party
are determined to continue their
efforts to restore prosperity to ag
riculture and the farmer needs only
to submit his wants to the party
now in power and it will be re
sponsive to their mandate. Those
who are now most bitter in their
criticism of what has been done
were responsible for the low price
of cotton and other farm com
modities and have nothing to offer
but carping criticism.”
Mayor Fiorrella H. LaGuardia
has vetoed a bill which has caused
more uproar in New York than any
other municipal proposal in years—
the measure providing for a city
lottery. Ffis objections to scheme
for raising funds for unemployed
relief were the lawyer’s objections
and not those of the city clergy
men. Without discusing moral
grounds, the mayor vetoed the bill
because he doubted the legality of
such a proposal.
Industrial re-employment during first year of NRA_ 4,120,000
Increase in factory workers during August, 1934_ 73,000
Employed in Federal emergency work in August, 1934_ 1,251,000
Employed in 1,640 CCC camps, October 1, 1934_ 369,838
Increase in WEEKLY factory payrolls September 1, 1933
to September 1, 1934___$72,800,000
Increase in weekly factory payrolls in 90 manufacturing
industries during August, 1934_ 1,000,000
The Monthly Survey of Business of the American Federation of La
bor in its October issue states:
"Recovery in business has been largely due to the in
crease in workers’ incomes through re-employment in indus
try, plus government emergency payments to workers and
farmers. These two sources HAVE RAISED JTOTAL BUY
EIGHT MONTHS THIS YEAR, compared with the same
period last year.”
Financial statement of condition of 224 leading diversified indus
tries reported in survey by Eastman, Dillion & Co., New York Stock
Exchange firm:
For quarter ending June 30, 1933: Net earnings_$156,678,811
For quarter ending June 30, 1934: Net earnings_$214,676,996
Survey by Dow, Jones Co., New York, of 13 leading steel companies:
For quarter ending June 30, 1933: Net LOSS_$14,034,595
For quarter ending June 30, 1934: Net PROFIT_$20,148,226
According to Dun & Bradstreet, Inc., business failures in September,
1934, fell to the lowest of any month since 1920 and were 40 per
r<dnf irtnrar fls-s n m Qnrvfatvs •* 1 Q9Q
reorganization_ 7
September 26, 193 3 total closed State banks in process of re
organization _ 296
Deposits in banks members of Federal Reserve:
June 30, 1933 _$26,587,000,000
December 30, 1933 _ 27,181,000,000
March 5, 1934 _ 29,325,000,000
June 30, 1934 _ 31,012,000,000
j Deposits in State banks:
June 30, 1933 _$2 5,642,739,879
June 30, 1934 _ 26,807,167,859
Increase in deposits in member banks in one year_$4,425,000,000
Increase in deposits in State banks in one year_$1,164,000,000
June 30, 1934, $ 15,826,802,967 in deposits in 56,410,549 accounts
in 14,170 banks.
Jan. 1, 1929, to Mar. 4, 1933: 7,578, with deposits of $5,914,287,000
March 4, 1933, to Oct. 1, 1934: Four with deposits of.-$1,410,000
of which $5 82,000 were insured.
Daily average sales of general merchandise in towns, rural areas and
cities of less than 3 0,000 population, based on returns from one-fifth
of all retail business of this type in the country, showed an increase in
dollar volume from August to September, 1934, of 43 l/> per cent, ac
cording to estimates of the Bureau of Foreign and Domestic Com
merce. Sales for September, 1934, were 33% per cent larger than for
September, 1933, and 60 per cent larger than for September, 1932.
In August, 1932, $108,599,000; August, 1933, $131,473,000; Au
gust 1934, $171,965,000.
New business, all classes, by companies, 8 5 per cent total:
August, 1933 _ 688,620,000
August, 1934 - 699,879,000
j First 8 months of 193 3 -5,181,159,000
; First 8 months of 1934 - 5,843,825,000
; Gain 12.8 per cent.
Fiscal year 193 3_$1,619,839,224 Fiscal year 1934_ $2,672,239,194
July-Aug., 193 3_ 294,273,298 July-Aug., 1934 425,140,282
Fiscal year 1932-33 $3,881,000,000 Fiscal yr. 1933-34 $5,083,000,000
June, July, Aug., 1932 June, July, Aug., 1933
$913,000,000 $1,316,000,000
June, July, Aug., 1934, $1,508,000,000
Farm income in August, 1934, was 80 per cent above March, 1933,
and prices paid by farmers during August, 1934, averaged 2 5 per cent
above the level of March, 193 3. Purchasing power of farm products
thus had an increase of 44 per cent.
The market value of the basic farm commodities on September 26
1934, was 35 per cent above the average cn September 26, 1933, and
101 per cent above the average on September 26, 1932.
Rowan County voters will have an opportunity to express them
selves in a threefold manner next Tuesday.
First: To uphold the hands of a great President of the United
States in his valiant efforts to lead this nation from the shadows of
national disaster back to happiness, hope, and prosperity.
In the short time that Franklin D. Roosevelt has been our national
leader he has in a wonderful manner brought about the realization of
many of the pledges and purposes of the Democratic program to
(Continued on page four)
Doughton Speaks
At China Grove
Saturday Night
i i
Hon. R. L. Doughton, chairman
of the Ways and Means Committee
of the national Congress, will de
liver an address at China Grove
School, Saturday night at 7:50
jo’clock. A large audience is ex
.pected to hear him.
| Of Ballots Nov. 6
Everything is in readiness for the
battle of ballots on November 6.
The registration books closed
Saturday and this Saturday will be
challenge day, and the registrars
will be required to be at the polling
places from 9 a. m. to 3 p. m., at
which time the registration books J
will be open for inspection of vot- |
ers in their respective precincts for
the purpose of challenging any
name appearing on the books for
Tuesday, November 6 is election1
day. The polls will be open from
sunrise to sunset, and any depend
able almanac will give vou the ex
■ act minute if you are meticulous
iabout the time.
i On election day the county board j
|of elections will have appointed to;
serve in each precinct a sufficient
number of persons of requisite
qualifications and electors of their'
; precinct to act as markers. It will |
be their duty to assist the voters i
in preparing their ballots if so de- !
sired. These markers will be ap
(Continued on page eight)
Small Cotton
Farmer May
Be Tax Exempt
Washington.—It was learned here
on good authority today that the
department of Agriculture and al
lied governmental agencies, were
drafting a plan to exempt the
small cotton farmer from the pay
ment of the so-called cotton pro
cessing tax.
Although everyone admits that
the Bankhead cotton act and other
measures taken to reduce the big
carry-over of cotton, around 20,
000,000 bales, have put many 'mil
lions of dollars into the hands of
the southern cotton farmers this
year, there has come such a protest
from the southern Senators and
Congressmen regarding the effects
of these measures on the small cot
ton growers that the officials of
the department of agriculture are
working out a remedy on the basis
of exempting the small cotton
farmers from the payment of the
small tax imposed on surplus cot
ton production.
The Senators and Congressmen
argue, it was stated, that since the
Administration started out to re
duce the crop to 10,400,000 bales
and it has been already reduced to
9,400,000 bales, that some relief
should be given the small growers
who only raise cotton to provide a
little cash for winter clothing, etc.
It was also learned that a plan
was considered to recall all al
lotment certificates issued to grow
ers of six bales or under and
new certificates for the entire crop,
tax free, be issued in their stead.
These changes, it is believed, will
stop to a great extent the objections
to the measures by the small cotton
growers and will not materially
change the status of the reduction
i in

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