Newspapers / Carolina Watchman (Salisbury, N.C.) / June 26, 1936, edition 1 / Page 4
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Carolina Watchman Published Every Friday Morning By The Carolina Watchman Pub. Co. SALISBURY, NORTH CAROLINA E. W. G. Huffman. ^President SUBSCRIPTION RATES: Payable In Advance One Year-$1*0® , 6 Months- **® Entered as second-class mail ! matter at the postofSce at Sal isbury, N. C., under the act of March 3, 1879. The influence of weekly news papers on public opinion exceeds that of all other publications in the country.—Arthur Brisbane. POPULATION DATA (1930 Census) Salisbury -14,951 Spencer -3,128 E. Spencer-2,098 China Grove-1,258 Landis -,-1,388 Rockwell_ 696 Granite Quarry- 507 Cleveland_ 435 Faith'_ 431 Gold Hill _ 154 (Population Rowan Co. 54,665) SPENDING THE BONUS Nearly two billion dollars of fresh purchasing power is now be-1 ing put into the hands of more than three and a half millions of American families through the dis tribution of the bonus bonds voted to veterans iof the World War by Congress. That this distribution is bound to have a stimulating ef fect upon business of all kinds in every part of the country is cer tain. Never before has such an enor mous amount of fresh money been dropped at png timg int© the chan nels of |rad?, How permanent the effect of this influx of cash may be it is much too early to say. At best, its effect can only be guessed at, since there is no precedent in economic history. That it will, in the main, be beneficial in tiding the business of the nation over the usual Summer slump is probably true. It is another question, how ever, what the effect of the bonus payments will be upon those who are receiving them. Doubtless a fair proportion of the veterans will save their bonus bonds, either adding tio savings they already have accumulated or starting a fresh back-log against the future. But it is too much to expect of human nature that the majority will be so prudent. Eco nomic conditions eing what they are, it is reasonably certain that a high percentage of the bonus reci pients will feel themselves compell ed to meet pressing obligations with their proceeds of their bonds. And it is even more certain that a great many of them will behave as the general run of people prone to behave when wealth comes into their hands. "Easy come, easy go,” is much more than a mer* catch-word. It expresses a philosophy based upon a sound understanding of human nature. Few people can resist the temptation to splurge when they find themselves suddenly in pos session of money. It is to be fear ed that it will not be long before a large proportion of the recipients of the bonus will be just as "broke” as they were before they got it. THE FARMER’S REAL ENEMY Throughout the age-old discus sion of the farmer’s problems, blame for the trouble of agricul ture has seldom been put in the right place, says Dr. Isaiah Bow man, president of Johns Hopkins University. The villain really to blame for most of the recurring difficulties of the farmers is not Wall Street, or the railioads, the packers or the Board of Trade, Dr. Bowman says. The villian’s real name is Drought. The drought in the high plains of western Kansas and extern Colorado,'Which began in 1892 and lasted until 1896, was the cause of i great economic depression which resulted in political unrest and up heavals. But only a few years of rain changed the picture and brought prosperity back. In 1900 the U. S. Geological Survey could see no agricultural'future for the high plains of Texas, but a few years of normal rainfall started a new movement of settlers into what proved a fertile land, given enough water. Every agrarian rising in the world’s history is possibly trace able to drought. In Australia sev en years of drought killed 40 mil lion sheep, and reduced wheat pro duction by two-thirds. But when the rains came at last, wheat crops multiplied six-fold and cattle and horses doubled in three years. Farming is, in a real sense, busi nes of gambling on the weather. In that sense, the farmer is a more daring speculator than the plunger in Wall Street. Give him plenty of rain and he wins great profits; withhold the rain and he loses even his farm if he has not protected it with a large enough "margin” of rpserve capital. There is no political way, How ever, of guaranteeing rain. youth and opportunity Out of the nation’s universities, colleges and high schools some hun dreds of thousands of boys an girls are pouring this month, ito seek their places in the world of reality. Their formal education is finished. Their real education is just beginning. They have, if they have been diligent and receptive students, learned a great deal about most of the fundamental principles of life. Now they are about to try their hands at the practical ap plication of those principals to the problems of life itself. The first thing that these y&Bftg men and young women are going to learn U that there is no easy or safe road %o success in life. Many of them may have got the impression that the world owes them a living. They are due to discover very soon that the obliga tion is the other way around. They Mve to prove themselves useful members of society before they tan claim consideration for them >a1vA< There is a school of thought which holds that it is the duty of the social order to provide oppor tunities for all of these eager young folk. Those who hold that view are prone to declare that A merica is no longer the Land of Opportunity, that there are no such chances in our capitalistic in dustrial scheme of things as there were under a more primitive and dominantly agricultural civiliza tion. The plain truth, which these young graduates will learn soon enough, is that there is no ready made opportunity for anybody. There never has been, under any scheme of social organization. But for men and women of initiative, dourage, industry and character, there are more and greater oppor tunities in America today than there ever were before. Each, how ever, must find his own opportun ity for himself. If the schools and colleges have not developed those qualities of in dustry, courage, initiative and character, then there is something wrong with the schools. But even the worst of schools cannot stifle the ambition or kill the spirit of adventuibus youth. It is to the ambitious and the adventurous that the world has always offered its reatest opportunities. And the world of today offers even greatei ones to those who are ready ISo take their courage in their hands and go forth to seek them. JOBS AND MACHINES One of the chief obstacles in the way of intelligent discussion of the unemployment problem is the ab sence of trustworthyy facts and figures, and the lack of accurate information as to the cause of un employment. It is encouraging news that the Works Progress Administration at Washington has set on foot a pro gram of reasearch, in which many fact-finding oranizations, public and private, are cooperating, for the purpose of learning how many persons in America are actually un employed, why they are unem ployed, and what the outlook is for their reemployment. Those are faces which the nation ought to know. We have listened to countless theories and a wide vari ety of guesses, but facts to which one could ruin one’s faith have,been very hard to get. Early in the depression there was a great deal of talk about "tech nological unemployment.” Men were being replaced by machines, soon there would be no more more work for men to do, we were told. That sort of talk has subsided, as men have come to realize that the machine, though it may and usually does cause a shift ing of workers from one kind of industry to ai<other, in the long run creates many more jobs than it displaces. As Corrington Gill, assitant W. P. A. Administrator, recently stated it: "We have only to look about us to realize the tremdous multiplica tion of lab'or opportunities within the vast new industries created by the machine.” It is hazardous always to pro phesy, but it seems reasonable to believe that the truth about unem ployment, once it is fully disclosed, will be that nowhere nearly as many persons who ever were workers are now unable tlo get work as is popu larly supposed, and that very few of them, if any, are out of work because a machine has taken their jobs away. Today & Tomorrow (Continued from page One) lie speeches for nearly two years. He was happy because of the evi dence that had been given of a united party under aggressive lead ership. He lookoed better than I had ever seen him lotok. I asked him if he was going to take an active part in the campaign. "I’m going fishing,” he teaid, "but I’ll do anything they call on me to do.” I have a hunch that he will be called on. * * * BORAH . . . influence The one outstanding Republican that I know of who is not quite happy i>ver the action of the Cleve land Convention is Senator Borah. It would be surprising if Mr. Borah were pleased. He has made it a point all his life to go in the opposite direction from those abbut him. There was penetratng wis dom in President Coolidge’s classi cal remark that he couldn’t under stand how Mr. Borah and his horse ever agreed to go in the same dir ection fan his daily rides in Rock Creek Park. Yet Senator Borah did exert a tremendous influence in shaping the Republican plat form. It simply did not go far enough in some directions to suit him. I am not in Mr. Borah’s confi dence, but I have a feeling that before the campaign is tover, he will be found taking a more vigorous stand for the candidates and the platform than he has ever done in any previous campaign. THERE HA? been quite a bit of * * * PAPERING DONE here in the * * * CITY DURING the past few * * # MONTHS, SO it should not be » * * HARD FOR tour readers to figure * * * OUT THE names of the ones in * * * THE LITTLE drama today. "Who * * * TOLD YOU to put that paper on * * * THE WALL?” roared the man of * * * THE HOUSE at the paper hanger. * * * "YOUR WIFE,” was the reply. * * * THE MAN of the house cooled • * ♦ DOWN INSTANTLY. "It’s * * * PRETTY, ISN’T it?” he com * * * MENTED. * * * I THANK YOU. HOLLYWOOD PICTURES A full page of screen stars shew ing latest styles. One of many features in the BALTIMORE SUNDAY AMERICAN. Your newsdealer will supply your copy. County Primary Totals (Continued from page One) Washington Tyrell Dare Pamlico Cartaret. McDonald led in the follow ing 28 counties: Yadkin Forsyth Caswell Alamance Chatham Lee Moore Richmond Scotland Granville Durham Vance Warren Franklin Wake 'Halifax Nash Johnson Edgecombe Wilson Wayne Bertie Martin Beaufort Hyde Bladen Columbus Pender. Graham led in the following 20 counties: Graham Jackson Surry Person Orange Hoke Cumberland New Handover Onslow Duplin Jones Lenoir Greene Pitt Craven Chowan Perquimans Pasquotank Camden Currituck. McRae carried only one county: Anson. _ READING CHARACTER Did you know that the fantastic figures people make on scraps of paper reveal their true character? Read what an expert psychologist has to say al)but this interesting subject in the July I issue of the American Weekly, the big maga zine which comes regularly with the BALTIMORE AMERICAN.. TWO SERIAL STORIES Two serials, in addition to short novels, will be found every Sunday in the fiction section of the BAL TIMORE AMERICAN. Tell your, newsdealer to reserve j»our copy. —READ THE WATCHMAN i cShey,re Off! __— by A. B. Chapin /5§P'V' ^ ^ 4«*'* <^ov Or <£525.] VP'S' ' i, A.^ LANTERN-JAWED PEOPLE ARE NpT AU. UOHT-HEAOEP. t j ; — v - — rrrr~^ North Carolina Draws $7, 250,000 For Public Schools China Grove Gets $25,654 Will Ba Used For Street Improvements By The Hustling Rowan Town North Carolina was assured a) least seven and a quarter millior dollars for loans and grants foi PWA projects. If the grants are made to th< State on the basis /of 4$ per cem of the cost of the projects, as con templated by Secretary Ickes, thi $7,250,000 will finance a progran involving a total cost of $16,000,' 000. The bill not only carries $1, 425,000,000 for relief, thus givinj North Carolina at least $6,000,001 for additional WPA projects, as ai expansion of the program now be inc carried on bv State Administra ; tor Getorge W. Coan, Jr., but also • provides $300,000,000 for a re L volving fund for the PWA. China Grove was alloted $25,. - for street imnmvmi.n. Repotted Uniting aEW YORK . . . Reported as working to the end of uniting ■ vith the Townsend Old-Age Pen : -ion group, Rev. Gerald L. k. L Smith (above), of Louisiana, new leader of Huey Long's Share-the Wealth following, conferred with Townsend leaders here this week. STATEMENT Northwestern National Lifo Insurance Company Minneapolis, Minn Condition December 31, 1935, as Shown by Statement Filed. Amount of Capital paid up in cash_1_$ 1,100,000.00 Amount of Ledger Assets December 31st of previous year, $47,609,266.58; - 47,609,266.58 Premium Income, $10,423,828.24, Misce-1 leneous, $3,540,043.10; Total _ 13,963,871 34 Disbursements—To Policyholders, $5,144,262.49; Mis cellaneous, $3,846,219.16; Total_ 8,990 481 6? Business written during year—Number of Policies 21,439; Amount _ 7(17„. Business in force at end of year—Number of ’ ’ 4°'°° Policies 113.,.07, Amount -37,, ASSETS Value of Real Estate (less amount of encumbrances) $ 2 775 4, Mortgage Loans on Real Estate_ 5 210 287 91 Loans made to Policyholders on this Company’s Policies ’ ’ ^ assigned as collateral _ n ,, '' Ne^alue of Bonds and Stocis Interest and Rents due and accrued _I ^fill'll Premiums uncollected and deferred_I_ , 7,9 All other Assets, as detailed in statement_ * 179 712 $2 Total _ 77 Less Assets not admitted 135,419.70 iota, admitted Assets _ $54,729,527.46 >. . liabilities et Reserve, including Disability Provision __ $41,308 477 00 Present value of amounts not yet due on Supplemen- ’ tary Contracts, etc- n Policy Claims_ZIZZ ly!’ 73 44 Dividends left with Company at interest___ 1,490 904.32 Premiums paid in advance_ 27 711 07 Unearned Interest and Rent paid in advance_ 294 13635 commissions due to Agents__ 8 483 20 Estimated Amount payable for Federal, State and other Taxes -- 326,514.03 Dividends due Policyholders_ 67 485 69 Amount set apart for future dividends_ 291,300 34 All other Liabilities, as detailed in statement_ 5,960,852.17 Total amount of all Liabilities, except Capital_$51,620,394.61 Capital paid up in Cash, $1,100,000.00 Unassigned funds (surplus) $2,009,132.85 _ $3,109,132.85 Total Liabilities- 154 729 527.46 IRJSINESS IN THE STATE OF NORTH CAROLINA DURING Policies on the lives of citizens of said State in force December 31st of previous year: Ordinary—No. 375, Amount_$975,303 Group—No. 1, Amount _ $138,500 Policies on the lives of citizens of said State issued during the year: Ordinary—No. 75, Amount _ $219,156 Group—No. 0, Amount_$1,000 Total, Ordinary—No. 450, Amount_ $1,194,459 Total Group—No. 1, Amount_ $139,500 Deduct ceased to be in force during the year; Ordinary—No. 68, Amount '_ $160,856 Group—No. 0, Amount_$11,500 Policies in force December 31st: Ordinary—No. 382, Amount_ $1,033,603 Group—No. 1, Amount _ 128,000 Losses and Claims unpaid December 31st of previous year: Ordinary—No. 2, Amount_$8,970 Losses and Claims incurred during year: Ordinary—No. 8, Amount _ $10,545 Grioup— No. 1, Amount_$1,500 Total, Ordinary—No. 10, Amount_$25!$15 Total, Group—No. 1, Amount_$1,500 Losses and Claims settled during the year in full_$27,015 Group - None lremium Income—Ordinary, $30,067.45; Group, $2,062.50; n T”jaI TTt- $32,129.95 1 resident O. J. Arnold Secretary G. W. Wells, Jr, Treasurer G. C. Holmberg Actuary J. S. Hale Home Office 430 Oak Grove St. Minneapolis, Minn. Attorney for Service. DAN C. BONEY, Insurance Commissioner, Raleigh, N. C. Manager for North Carolina E. H. Bain, Goldsboro, N. C. STATE OF NORTH CAROLINA, INSURANCE DEPARTMENT Raleigh, May 6th, 1936. (Seal) I, DAN C. BONEY, Insurance Commissioner, do hereby certify that the above is a true and correct abstract of the statement of the North western National Life Insurance Company of Minneapolis, Minn., filed with this Department, showing the condition of said Company on the 31st day of December, 1935. Witness my hand and official seal the day and date above written. DAN C. BONEY, Insurance Commissioner.
Carolina Watchman (Salisbury, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
June 26, 1936, edition 1
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