North Carolina Newspapers

    As one result of the President’s
trip through the drought area in
tle Northwest and his conferences
with the Governors of the states
affected, more consideration than
ever is being given to long-term
planning looking toward a perman
ent solution of the Western farm
problem. The President has ap
pointed two committees of govern
ment experts, one of which is to
study the question of crop insur
ance for farmers and the other the
possible programs for improvement
of land use in the dry area. They
are to report to the President by
January 1.
1 lit ltVUUUllV«U»fcw»w VX W11V
Great Plains Drought Committee
form the basis for the studies which
the President has requested.
The indications, therefore, as
Washington sees them, are that
Whoever is elected President on
November 3 will make every possi
ble effort toward the development
of water storage system in the dry
country. That this would be a
complete solution of the farm pro
blem nobody professes to believe;
but it would go a long way toward
preventing a repetition of the dis
tress which recent droughts have
Another topic which has aroused
a great deal of discussion here is
the question of the position of the
big insurance companies. It is re
garded as somewhat unfortunate
that this should have been injected
into partisan politics in the heat of
the campaign by the remarks of
the Republican candidate for Vice
President, Col. Frank Knox, to the
effect that if the present tendency
toward inflation continued every
body’s life insurance policies or sav
ings bank accounts would be re
duced in value. The unfortunate
part is that this has been taken, in
uninformed quarters, to mean that
Mr. Knox believes that the insur
ance companies and the savings
banks are not in a sound position.
President Roosevelt’s summon
ing of seven life insurance presi
dents to the White House was not
a tenth of Col. Knox’s statement.
The invitations for them to discuss
the whole insurance situation had
gone out' before the Vice-Presi*
dental candidate’s speech.
What Mr. Roosevelt discussec
with the insurance men was mainly
the subject of mortgage loans, es
pecially on farm properties, it
which a high percentage of insur
ance company investments an
made. It was an exploraratory tall
for the purpose of seeing whethe:
the way might be open to som
sort of an agreement upon keepinj
loan levels at a reasonable relatioi
to the earning power of farm pro
perties, rather than on the basis o:
their possible sale value.
It is generally recognized that ;
great deal of the farm mortgage
difficulties in the West have the!
roots in mortgage loans made oi
the highly speculative values tha
prevailed during the early and mid
die 1920’s.
It is not known that the subjec
of inflation was discussed by th
President and the insurance heads
It is being discussed, though, b;
those concerned with the economii
future. is known that th
system under which the Govern
ment has been making loans fron
the banks has resulted in increasins
of bank credits beyond the presen
ability of business to utilize sucl
credits profitably.
Wlien a DanK. raises *iuu,uuu o
Government bonds and in effec
opens a checking account for th
Government to the dollar value o
the bond purchase, that means tha
new money, in the form of banl
credit, has been created. This nev
money is cheap money, in the sens
that there is more of it than ther
is a current demand for, and cheai
money always means high prices
There is nothing in the presen
situation to indicate that this forn
of redit inflation will continu
without limit, and there ar
grounds for expectation that saf.
and profitable uses for most of thi
new credit will be found befori
long by business and indust1"', thu
warranting the banks in broaden
ing their loan policies.
Official Washington has ha<
several attacks of jitteres over th
European war situation. Every re
port which the Government de
partments concerned received fron
(Continued on page four)
Boosters For A
Greater Salisbury
I “—-— . . . - - - »
J.M. Broughton
Will Speak In
Co. Courthouse
Democrats Open Head
quarters In Overman
Building at 126 North
Main Street.
Hon. J. M. Broughton, 1936
Democratic convention keynoter
and past president of the North
Carolina Bar association, will for
mally open the Rowan County
Democratic campaign with an ad
dress in the courthouse Monday
night, October Jth, at 8 o’clock,
it is announced by Walter H.
Woodson, Jr., county chairman.
Mr. Broughton, for many years
a leader among North Carolina
Democracy, is considered one of
the best orators in the state and a
jammed courthouse is expected to
greet him.
Mr. Woodson stated that the
Democratic party of Rowan county
would wage a short and strenuous
campaign until the November elec
tion. Several other speakers of
state and national reputation are
slated tq address the voters of the
county. Included in this group
are: Hon. R. L. Dough ton, Con
gressman from this district and
chairman of the Ways and Means
Committee; Hon. Harold Cooley,
aho~a"TSember of the'national Gon
| gress;. Hon. Clyde R. Hoey, Demo
cratic nominee f dr Governor and
Senator James Byfcnes; Spartanburg,
S. C.
County headquarters will be
i opened.^ today in the Overman
'] building at 126 N. Main Street,
l( being the building just vacated by
■j the Rowan Printing Company.
1 Clyde Ennis will be in charge of
■ the office and will be glad to furn
ish anyone upon request with mat
: erial or information concerning the
> campaign.
Hangs Self In
: Local Jail
The body of John Young, 44,
a prisoner in the Rowan county
f jail, was found hanging from bars
; in his cell early Monday morning.
:! Officials said it was a clear case
,'of suicide. Young was being held
' on charges of breaking and enter
: ing, larceny and receiving, and vio
: lating prohibition laws.
An improvised rope made of
i ticking torn from his mattress was
: used.
Salisbury Pros
Bolster Lineup
Coach Bud Shuler has strength
ened his semi-pro eleven for the
; Lincolnton clash Friday night at
I 8:15 at the Lexington ball park.
Lincolnton was the only club
. to defeat Salisbury last year and
» the local lads are working hard to
■ condition themselves for what mav
: be their hardest battle. Jeff Bolden,
i, 210-pound fullback from Ogle
( thorpe has been added to the player
‘ list along with Barnhardt, all-State
: tackle of Salisbury high last year,
i Salisbury won its opening game
i last week, defeating Mooresville 7
l to 6, scoring when Hayden Kesler,
■ Catawba end, caught a pass from
; Webb Newsome, Elon’s quarter
j back of last season.
I ———————————— —
Lespedeza is 25 percent better
: where the triple-superphosphate
‘,was used as a fertilizer in Stokes
■! County. Definite improvement
>' also is seen in pastures where the
| material was used as a top-dresser.
Communism ‘False Issue’ F. R. Says
Hits G. 0. P.’s
“Red Herring”
In Launching
1936 Battle
President Declares The
Republicans Caused
Conditions That Fost
ered Communism.
Syracuse, N. Y.—Contending
that his record showed “consistent
adherence” to the Jetter and spirit
of "the American form of govern
ment,” President Roosevelt Tues
day night opened the campaign for
his re-election with a repudiation
of "the support of any advocate of
Calling Communism a "false is
sue” in the campaign, the President
told the New York State Dem
ocratic conyention assembled here
in a State armory that "the previ
ous national administration” had
"encouraged” conditions that fos
tered Communism.
1 The Democratic party, he ad
ded, was "realistic enough” to face
“this, menace.”^
nthel^poinjj^that r*y^ ^
as to what they think about Com
munism, but that was a ''very
great difference” in what they do
about it.
Scarcely had he sent his voice
ringing through the packed hall
than Mr. Roosevelt asserted a con
fidence in the outcome of the elec
"Tonight” he said, "you and I
join forces for the 19 36 campaign.
We enter it with confidence.
"Never was there greater need
for fidelity to the underlying con
ception of Americanism than there
is today. And once again it is giv
en to our party to carry the mes
sage of that Americanism to the
Swinging over then to the ques
tion of Communism, the President
"Here and now, once and for all,
let us bury that red herring, and
(destroy that false issue.
"You are familiar with my back
ground, . you know my heritage,
and you are familiar, especially in
the State of New York, with my
public service extending back over
a quarter of a century.
"In that record, both in this
State and in the national capital,
you will find a simple, clear and
consistent adherence, not only to
the letter, but to the spirit of the
American form of government.
"To that record, my future and
the future of my adminstration
will conform, I have not sought, I
do not seek, I repudiate the sup
port of any advocate of Commun
ism or of any other alienism which
would by fair means or foul change
our American Democracy.”
Diverting later on to another is
sue that has been raised in the
_* _ T K -
campaign-jv/ciai ivgiJiawuu inn
Roosevelt said the Republican lead
ership "is not against the way we
have done the job. The Republican
leadership is against the job be
ing done.”
McDonald To
Speak At Rowan
Rally Saturday
Dr. Ralph W. McDonald will
speak at a rally at Peeler’s lake,
near here, at 5 o’cock Saturday. A
number of citizens throughout the
State who were identified with the
McDonald campaign have been in
: ' ,.il :
Death Bears
Out Prophecy
Man And Wife Who Said
They Would Die With
in 24 Hours Of Each
Other Do.
-AshevUie.—Mrs. Kate Herman
Maxson, 83, died at a hospital here
Wednesday little more than 24
hours after her husband, Dr. O. P.
Maxson, had died at Weaverville.
Friends said during their 58
years of married life the Maxsons
had affirmed that one would not
survive the other 24 hours.
Dr. Maxson died late Monday at
the home of a daughter, Mrs. Rieta
Joint funeral was held for the
couple Thursday at 10:30 a. m. at
Weaverville Presbyterian church.
Interment was in a single grave
26,661 Employed!
By WPA In State
During Past Week
Raleigh.—The Works Progress!
administration reported it had 32,-j
661 persons at work on projects
throughout the State last week,
compared with 31,830 during the
week ending September 12. The,
total including 2,782 National|
Youth administration workers last!
- |
Split Season
Changes Dates
Squirrels, Doves
Split seascon for squirrels and
doves have necessitated a change in
the dates for 1936-1937 according;
to County Game Protector R. L.
Roseman, in correcting a story car
ried in our issue of Sept. 25 in
connection with the state game
Correct dates are as follows: j
Squirrel split season: Sept. 1—
Sept. 30 and Nov. 20—Jan. 31. |
Dove split season: Sept. 1—
Sept. 30 and Dec. 20—Jan. 31. |
These dates apply to Rowan
An old Southern planter was dis
cussing the hereafter with one of
the colored servants. "Sam,” he
said, "if you die first, I want you
to come back and tell me what it’s
"Dat suits me, massa,” replied
the old negro, "but if you dies first,1
Ah wants you to promise me dat
you’ll come back in de daytime.” j
1 i
___■ I
Facts—Mr. Business Man j
. !
Under Republicans, mass buying power dried up.
Trade shrunk—factories closed—banks failed—unemployed
walked the streets. j
With courage an£ foresight President Roosevelt dared to use
new methods and seek new goals in speeding recovery. By draw
ing on government credit, by building a more solid foundation of
national security, and by reviving the people’s buying power, HE
BANKING. During 12 Republican years there were nearly 900
bank failures a year; in 193 5 there were 34. So far in 1936 no
national bank has closed. The National Association of Mutual
Savings Banks reports the highest number of individual depositors i
in banking history (193S).
REAL ESTATE. Construction contracts have increased 271 per
cent (March 1933-36). Almost four times as many homes were
built in the first quarter of 1936 as in the same period in 1934.
INDUSTRY. Ij)un and Bradstreet report the highest 'evel of
industrial production (Spring, 1936) since 1930. Auto production
advanced 311 per dent.(March 1933-36); General Motors net
profit jumped from $165,000 in 1932 to $167,000,000 in 1935—
a production advanced 151 per cent; U. S.
STOCKS AND BONDS. Listed stocks (average) on N. Y.
Stock Exchange advanced 151.9 per cent (March 1933-36), bonds,
32 per cent. New security issues increased 1J4 billion for first
six months of 1936 over 193 5 and dividend payments largest for
any half year since 1931—a gain of 36 per cent in 3 years. U. S.
bonds at top levels.
DOMESTIC TRADE. Retail sales in 193 5 back to two-thirds
' of 1929 volume. Rural sales, highest since 1930. Montgomery
Ward (big mail order house) reports largest net sales in business.
Auto sales (193 5) exceeded only 3 times before. Life insurance
sales (first 6 months, 1935) 50.8 per cent ahead of same period,
: 1933. Commercial failures decreased 38 per cent since 1932.
FOREIGN TRADE. Value of exports rose 42 per cent (1933
1936); imports, 55 per cent.
National income (1932) - 39 Billion dollars
National income (estimated 1936)_60 Billion dollafs
Salisbury Man Freed Of
Blame of Child’s Death
Kannapolis.—A coroner’s jury
here Monday afternoon absolved L.
R. Barnhardt, of Salisbury, of
blame in connection with the death
of Charles Eugene Furr, 5-year-old
Kannapolis orphan, who died Sun
day in a Salisbury hospital as a re
sult of injuries received when he
was struck by Barnhardt’s automo
bile at Midway Friday afternoon.
Coroner N. J. Mitchell conduct
ed the hearing at the Kannapolis
city hall. Walter Tesh, Kannapolis
police officer, who investigated the
occurrence; G. C. Crow, J. A.
Dayvault, W. P. Shumaker, Law
rence Station^ Clyde Eudy, T. C.
Brown, all of whom saw the acci
dent, gave testimony that showed
the occurrence unavoidable.
Testimony showed Barnhardt
was driving about 25 miles an hour,
that he was not drinking, that he
did all in his power to help the
Winston-Salem.—Miss Dorothy
Jacobs, 20, suffered a broken leg
when a passing automobile got out
of control and crashed into the
porch, where she was sitting on the:
I■ _J
Hon. R. L. Doughton, Congress
man from this District, will deliver
an address in the Spencer school
building next Friday night, Oct
ober 9th, at 8- o'clock, it was en
nounced by Walter H. Woodson,
Jr., chairman of the Rowan County
Democratic Executive Committee.
N.C. Cuts Debt,
Hikes Balance
| Was $22,701,816, Against
$19,615,061 Year Age.
State officials released figures
showing North Carolina had in
creased its cash . balance and de
creased its indebtedness during the
last year.
The combined monthly state
ment of the auditor and treasurer
listed a cash-on-hand balance of
$22,701,816.66 as of August 31
compared to $19,615,061.01 on
August 31, 193 5.
The State debt was $163,894,000
at the end of August, compared to
$170,664,000 on the same date one
year ago.
Receipts coming into the general
fund during August were $4,580,
517.66, as against disbursements
from the fund of only $1,530,
602.24. With the balance of $5,
509,503.17 brought over from
5 59,418.59 on August 31. On the
same date one year ago, there mas
but $5,209,573.85 in the general
Highway fund receipts during
August totaled $3,028,587.66, as
against disbursements of $3,133,
746.24, leaving a balance of $10,
703,906.28. This figure was con
siderably lower than the balance of
$13,131,89-5.64 in the highway
fund at the same date one year
Receipts from all other funds
totaled $667,231.70 during August
against disbursements of $816,
The State’s debt waj listed as
General fund bonds, $56,763,
000; World War veterans’ loan
bonds, $2,500,000; highway bonds,
$91,271,000; Chowan river bridge
fund bonds, $3 5 0,000; Cape Fear
river bridge fund bonds, $1,175,
000; special school building bonds,
Leaves For
The Rev. George H. Vick, son
of Mr. and Mrs. J. E. Vick of
Spencer, left Salisbury Wednesday
for New York to sail Friday for,
Edinburgh, Scotland, where he
will spend a year in study at the
university there. He is a recent,
graduate of the Louisville seminary,;
and is working towards his Ph. D.

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