Newspapers / The Tryon Daily Bulletin … / April 30, 1935, edition 1 / Page 2
Part of The Tryon Daily Bulletin (Tryon, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
(Thv (Eryott JiUullttm Published every day except Sunda Seth M. Vining. Editor A few Sundays ago Secretary o? the Treasury Morgenthau ex p Joined, via radio, the financial status of the nation. Two of the facts brought out in his speech are of exceptional interest. First, when the present Admin istration came to office the gross public debt was a triffle [under $21,000,000,000. On March 31, it was $28,000,000,000. Second, it would naturally be supposed that the interest cost of the debt would be at a record high, inasmuch as the debt itself is. But the annual interest cost—now amounting to $800,000,000 —is less thian it was in 1925, when the debt was $8,000,000,000 less. The reason is that government bonds now pay less interest than at any time in history. The av erage on the bonds outstanding is but 2.86 per cent, and the Treasury is gradually caQling in old, high See Our Dress Specials ■ Group 1 SPORT SILKS And JACKET FROCKS $3.95 Crepe and Organdy FROCKS $5.95 The Ballenger-Jackson Co. interest bond issues, and issuing low interest ones in their place. 'hsJ. FOR RENT: Treehaven in the Valley. Com fortable; city water. Call or tmone Miss Frances Hudson. Phone 25-R3.—Adv. 25, 27, 30. The BULLETIN $1.50 a year WOODFIELD’S Flat Rock, N. C. Open For Guests Dinners - Luncheons^ Peoples Insurance Agency j J. B. Hester, Mgr. ALL KINDS of INSURANCE Phone 37 I Hester Bldg. Tryon, N. C. J Group 2 PLAIN AND PRINTED SILKS $2.95 Group 3 Small Size $1,95
The Tryon Daily Bulletin (Tryon, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
April 30, 1935, edition 1
2
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75