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THE TIMES-NEWS Henderson villa News Established ia 1894 Hendersonville Times Established ia 1881 Published every afternoon except Sunday at 221 North Main street, Hendersonville, N. C., by The Times-News Co., Ire., Owner and Publisher. By Times-News Carrier, in Hendersonville, or else where, per week -.12c Due to high postage rates, the subscription price of The Times-News in zones above No. 2 will be based on the cost of postage. Entered as second class matter at the post office in Hendersonville, N. C. SATURDAY, DECEMBER 31, 1938 Unsaved friend, you may speak of "A Happy New Year" and others may give you their greet ings. But mark this: A Christless New Year cannot be a Happy New Year. Art thou still saying with the multitudes— "We will not have this man to reign over as" (Luke 19:14.) .ph do not be offended. We seek your eternal happiness. Christ waiteth now. Wilt thou trust Him and bfc saved forever? (Acts 16:31; John 6:37).—W. Shaw in Home Evangel. J. T. FAIN C. M. OGLE-— HENRY ATKIN Editor Managing Editor City Editor TELEPHONE 87 SUBSCRIPTION RATES BIBLE THOUGHT HAPPY NEW YEAR! THE OLD AND THE NEW YEAR The year 1938 passes into history and on the stage of action appears 1939. Speak ing for the people of this section, whom The Times-News regards as the residents of its own field of operations, may we say that the old year might easily have been better for the most of us and, on the other hand, it could have been worse for all. No doubt many failed to achieve what they hoped for, and all they labored for, in 1938; bui when individual blessings are counted and the blessings the section has received and enjoyed are numbered and added to them, it must be admitted by the inhabitants of this area that they have much to be thankful for. _Again, The Times-News will say, as it s^ often has said in the past, that the peo ple who reside in this mountain country Wave natural advantages and blessings of natural resources which are superior to n^ost sections of the entire nation. For these blessings direct from the Creator and Nature, there is always a basic reason for appreciation of the privileges and oppor tunities which belong to the people of this section. These natural resources and ad vantages bring many blessings which are not within reach of millions of the coun try's inhabitants who are not so favorably situated from the geographical standpoint. The climate, altitude, beauty of the coun tiy, and the natural resources of the sec tfcn, are for the enjoyment and blessing of a|l our inhabitants; and these advantages apd the opportunities they afford are so great that this newspaper is frequently im pressed by the reflection that in a section so favored by the Almighty there is little justification for any except the spirit of appreciation for the favors thus received. < In addition to the numerous natural ad vantages enjoyed by our people they have had a fair share of the advantages of busi ness, industry, trade, the production of the siil, during the past twelve months. Now tftey face the new year with the certainty tiftt a gracious and kindly Providence will afviuredly continue the blessings so bounti fAMv bestowed in the past and that as far ai acquired material things are concerned tljev can certainly equal the record of 1938 iij the new year. In fact, all signs encour age them to believe that they can do better nfcxt year than this year's record. J^ooking to the future in a spirit of hope fulness, cheerfulness and steadfast courage afed purpose, let all meet and welcome the n4w year. It will, as every year does, bring it^ full quota of duties and obligations; but it* will also be twelve months laden with privileges and opportunities. It will be 365 diys in which a large majority of the pop ujation will be privileged to work with hands or brain and attain ends and aims worthy of the best efforts of human en Agam, in addition to the material pros perity which so bountifully confronts us oA every side, let us consider the spiritual developments of dur lives and weigh and aj^raise the worth of character building, thetcall, and our response, to those higher and better impulses which, if we seriously hhd honestly receive &nd act in accordancc witJi their leading, will make us better mer aad women. And let us enter the new year with the hfgh resolve to be better men and worne* in f 11 the principles and essentials of Chris tinii living, good citizenship, and active contribution in service to our fellows. Jlail and welcome to 1939! Abandoned since 1850, La Purisima mis sipn in California is now being restored. NEWSPAPERS' OPINIONS : '} ■ - — • CHEAP MONEY Money is so cheap that the American go\rn ment is borrowing it for practically nothing-. L>k, for example, at the details of the latest Trea ry i financier. Secretary MorgenthAu was able t<j i se $100,000,000 for three months at an interest te I of six-one thousandths of 1 per cent a year! \is ' works out at a cost of $1 440. Such a low price or 1 money is the lowest of all time. We are told by such authorities as the Brookifcs Institution that cheapness is the paBsport to <> nomic recovery. It is true that cheap money, :e cheap goods, is an aid to business activity. ! it something else is needed besides cheapness. Th e have to be customers for money as for goods ? fore cheapness can exercise its beneficent in: i- j ence. And here alas! ihe customers other ti n the government are loath to put money to Work I There are several reasons for this state of thit <. One is that the rate for money borrowed by ; government does not apply to all borrowers. J<tn Citizen has to pay around 5 per cent for the nnt gage upon his house. Such a loan, however,'is hardly comparable' with government loans, si£e i the mortgage is not due for repayment for n (c- •; riod of years, whereas the government loan is b payable in three months. Short-term and long-teh loans are in a different "renting" category. jA . crediotor, naturally enough, demands more for is , money if he is expected to "sink" it for a lo g i time. But even for short-term money, money ler!- j ers ask more from business than they do from tie government. Instead of a fraction of 1 per cerr., business has to pay about 4 per* cent. BusineK | simply is not as good a risk as a government whi<h possesses powers of taxation to meet its interelt payments. Still money is cheap enou?n. in inc rat on customers' loans in 27 southern and westeifi cities was 6.16 per cent. Now it is about- 4 cent. Why is it that business men who freely bu ■ trowed money in 1929 at 6.16 are not anxious y ' borrow money now at 1 per cent? For the facp show that they are not. Money is the great uneiH ployed, and the best index of its idleness is tb low state of "velocity of circulation." Money * turning over slower than at any other time in American history. This is one reason that the government is ab!^ to borrow money cheaply and easily. The mone} simply isn't being used in business. And this it due, logically, to a lack of confidence that any in vestment of money would yield a profit worth th<j while. No doubt it is a comfort to read that defici' financing is not costing the taxpayer much. On-i may even take pride in the government's high 1 credit rating. But the picture is not complete un less one takes into account the fact that the lack of confidence among business men is in part re sponsible for the plethora-of-idle money and its consequent cheapness to the prime user, namely, the government.—Christian Science Monitor. TV A EVASIVE J. A. Krug told the joint congressional investi gating committee in Washington that the Tennes see Valley Authority would not accept Wendell !. Willkie's proposal to leave it to the Securities and Exchange Commission to establish the va'ue of pri vate power companies as a basis for selling them, says the New York Sun. "This can be interpreted as meaning only that TVA expects to carry out threats previously made 1 to Mr. Willkie that it will destroy most of the value of these properties by constructing competing plants financed with federal money. It means also thr.t TVA has dodged a Showdown on the fairness of its j intentions respecting the competition of private companies." In its very essenee, the Tennessee Valley Au ' thority is unfair competition. It has spent exhorbi | tantly in the carrying forward of its policies. These include the policies of agencies which arc related to it. Mr. Willkie has said that if his companies were relieved of taxes and license fees as the TVA ' is, they coufd and would sell electricity at a much lower rate. The TVA's effort to answer that was lame and halting. The TVA is without a shareholder of record, but I every American taxpayer has a share in the lossss. What the deficits really are has not been disclosed, but expert statisticians have said that the TVA : loses on the electric power it sells. That loss falls 1 upon the American taxpayers in the mass. If they were aware of it, the East, the Middle West and I the West would be howling in Washington. The ' prevailing political philosophy is that what the tux i pavers don't know won't hurt them. Not alone in the Willkie proposal has the TVA been evasive. It is, perhaps, the most artful dodger among the abecedarian agencies. Washington's au ditors have complained that records have been withheld from them. The congressional committee I has been told that TVA minutes have bfeen "doc tored." It has been told other things about the ' strange TVA methods. As long as federal funds shall hold out, what care the spenders in the TVA i and in all other abecedarian agencies? What care they whether legitimate business and industry are hamstrung by unfair and unjust competition? What voice has the sovereign state of Tennessee over the TVA areas? Is it not the fact that the TVA is a federal province which pays no attention to Ten nessee?—Charleston News and Courier. NOT A BAD IDEA When a federal judge at Philadelphia ordered a local labor union to open its records for a search oi evidence to show whether rt was responsible for a sit-down strike, the union's attorney complained ' that if the order stood it would "destroy the righl | of labor to self-organization and force every hboi unioa in the country to incorporate." A substantial portion of the responsible citizen' ship of the country believe the incorporation of la bor unions would be a good thing, not only for th< etrfployefs who have to tfefcl with labor leadership but for the workers who Contribute of their earn ings to the st^pport of the unions. Other organizations enjoying large incomes arc not permitted the freedom of actioh permitted la bor unions. And if these organizations were put or . an equal footing with employers in business ant , 1 industry, in all probability more wholesome labor industrial relations would result. The worker: themselves stand to lose nothing by such a step although it might work something of a hardship or the leaders who now are relatively unrestricted ii • | th«ir handling of dues ami formulating union poli cies.—Greenville News. WillifeBe a Shovel-Leaner: I WPfOPRt/fflOMi LIFE DAY BY DAY Bv WICKES WAMBOLDT INTELLIGENCE AND CONFESSION Some time ago in this column I recited the true story of a \vo : man who sent for her preacher and told him that her little boy was not her hus band'? child, and that she felt she must confess the matter to her husband. Her minister advised her to do nothing of the kind. "But," said the woman, "I am so miser able with this se cret locked up in my breast!" "Let that, then, be the punish mem ior xyu>, Wamboldt sin,'' replied tfe'o; minister. "Work it out with your God. But don't try to shift your burden to innocent shoulders." One theologian criticized my article, and had a spirited argu ment about it with one of my friends. "Do you mean to say," asked my friend, "that you would have had that woman make a confes sion which would havq wrecked the life of her husband, and be smirched the name of her boy?" "We should make our confes I sions," declared the theologian ' sententiously, "and let the conse 1 quences be what they will." But some time afterward the i daughter of that same theologian j got into the same predicament I that the woman had gotten into. I wonder hov- my critic feels now I about confessions in such mat ! ters. Once while I was attending a meeting of a group which makes much of confession among its members, the dean of the local ministers—a highly respected and beloved old man—was asked to make his confession. After he had told of several insignificant er rors, he said with a smile, "Ann that is all 1 am going to tell. I have to live in this city." Of course confession is a vital factor in the growth and the strength of the spiritual life; but confession to whom?—to human beings no better than you—if as good—who may retail it all over town and mak'j your come back that much'harder? And should confession be made an Instrument of suffering and destruction to innocent persons just because somebody has some thing on his mind he wants to get off it? Confession to one's God, yes. Fieely and penitently. And to hu mans too, when good can come of it. But exposing one's misdeeds wfl.J'e exposure will do no good, ^tit^harm, has no point. { FRUITLAND 1 O 0 FRUITLAXD, Dcc. 31. —Mr. and Mrs. Ledfort Rogers and children of Biltmore, visited his parents, Mr. and Mrs. R. M. Rog ers, Sunday. Around 30 visitors called at the home of Mr. and Mrs. ' Sam Stcpp on Christmas day. Among them were Lely Stepp of Downs villej N. Y., L. E. Rogers of Ashe ville, and Mr. and Mrs. Dobby Lance of Brevard. A large crowd visited Mr. and Mrs. Luke Sinclair Christmas day. Neil Rogers visited Lee Pryor Friday. Mr. and Mrs. Claude Lartning and sons, J. C. and Thurlo of Biltmore, spent Christmas with Mr. and Mrs. J. V. Grant. Cecil Pryor of Asheville, visited at the home of Jay Pryor Friday. Dobby Lancc, Andy Merrell, Eli Ruth, Carroll Merrell and Roy Stepp visited Addie Williams of Cane Creek Christmas night. • JOHN T. FLYNN HY JOHN T. nilSN \ KK.I {irtvlcc. M(nff C«rrei«»ondeM I J [T is reported that the Securities ] and Exchange Commission is i I being "called off" in its study of > ; [he Trans-America Corporation, J i The report is easily credited. . It is said that every English Indian official has his jiet Indian, i »very German Nazi hi^ pet Jew. Every Democratic administration —since the Democrats began to live on corporate denunciation— has its favorite corporation/ Every New Dealer N has his , pet economic royalist. And, while the banks have been pretty ; generally badgered by Jhe admin stration, one great bank- has found itself singularly free. This is the Trans-America Corporation, the vast bank holding company which spreads over California and into ather states, including New York. ' Tbe Trans-America was well favored under Hoover. One of the oddest of the odd loans of the RFC was not the 00 million dollar loan to Vice President Dawes' > bank, but the hundred million dol lar loan to the Trans-America. It was the biggest and most setfret. 1 3ut when Hoover went out Of power, Mr. GTannini, master of this great institution, turned up as an ardent friend of the New Deal. And he has remained so to 5; this day. Following the bank troubles of II the Hoover days, a great outcry (, weht up against the evils of hold ing company banking, particularly " j the kind in which the holding mmoanv that ran the bank also vent in tor an suiu> ui mnU UUoi icss as well. An argument can be made for lolding company banking. Jt is iot a good argument but at least t has some, substance in it. It enables a «inglo concern to op 'rate a number of unit banks in » wide variety of places, uniting he benefits of central manage ment with the benefits of the wid ?st autonomy in local manage ment. But no argument can be nade for a holding company which operates a lot of banks and at the same time operates hotels, real estate developments, life in surance companies, fire insurance companies and a score of other enterprises as well. This is what the Trans-America Corporation does and not one finger has been raised by banking authorities tc correct this sort of thing. But the SEC did raise a finger. It found in its investment trust investigation an investment trust hidden away among the compli cated assets of the Trans-America. But investigating that investment trust without investigating the banks and all the other corporate gadgets of Trans-America was im possible, just as investigating a bank held up by a holding com pany is almost impossible. At this point the SEC proceeded to investigate the holding com pany. Bu^ apparently it was reckoning without the McAdoos and O'Connors and other Demo cratic politicians in California. But they could not call off the SEC. The question then is—who did It? 'rnnvrirhf. ISftR. N'EA f&rvice. Inc.) 7 Tax Quiz Opens Louisiana's Old Political Sore Evasion Complaint Against I Two Ex-Lieutenants of Late Huey Long NEW ORLEANS. Dec. 81.— (UP).—An old wound in Youis iana politics was reopened with the subpoenaing of witnesses for hearing of income tax evasions against two former lieutenants of the late Huey P. Long. | They were Abe L. Shushan and Seymour Weiss — both powerful figures in Louisiana finance and politics. To Weiss' shoulders, aft er Long was shot in one of the , pink corridors of his skyscraper capitol at Baton Rouge, fell one-, third of the power with which he j had ruled this state. The other two members of the triumvirate who have kept Long's machine in-1 tact are Governor Richard W. i Let-he and Mayor Robert S. Mae stri of New Orleans. And it was Weiss who told1 Brig.-Gen. Samuel Ansell, attor-1 ney <for a senatorial committee1 investigating Senator John H. Overton's campaign expenditures in lf>33: "That's my own busi ness." Both Shushan and Weiss were freed of criminal charges in the "second Louisiana purchase case." j Shushan, the only one of Long's 1 lieutenants ever brought to trial I was acquitted of not paying taxes | on a $560,000 income over a fivo : year period. He testified that ho 1 j was "merely handling party I I fiinrls " Charges against Weiss were dropped in May, 193G. l\ S. At torney Rene A. Viosca recom mended to Judge Wayne G. Borah that the remaining cases be nolle pressed. Borah wordlessly nodded , his head and the federal govern ment. washed its hands of Ihe cases. Postmaster-General James A. Farley waS quoted as saying- "I am sure that the situation in Louisiana will work out to the satisfaction of the federal and state administration." From that sprang 'the cry nf Long's political enemies, "the second Louisiana purchase." State Senator Joe Fisher paid the highest price of any of those indicted. He was sentenced to serve IS months in the federal penitentiary at Atlanta and re fused to appeal the case. A few others, under civil charges, were fined amounts ranging from $100 to $i;>oo. Treasury agents worked from 1920 to 1033 on office files, bank records and interviews that in volved the Long dictatorship from the poorest Bayou precincts to expenditures of millions for road building. "Big Mike" Moss, head of an insurance company that smashed, was credited with warming the told trail. Brought from the se clusion of his Arizona ranch un der heavjr protection to testify. Moss Returned immediately after he had appeared before a grand jury. Not all of those the grand jury indicted were Long men—some were his enemies, some Long did not even know. . - Shortly after the case was clos ed, the federal money which had been withheld while long ruled the state, began to flow in. Leche, who occupied a state court of appeals bench, was "glad to get back" and become gov ernor. More than 23,000 allied mines, constituting a danger to peace time shipping, were removed from fhe sea following the Armistice. f BARKER HEIGHTS ° 0- -—0 BARKER HEIGHTS, Dec. 31. Mr. and Mrs. Cecil Smith and son of Spindalc wore recent guests of Mrs. Emma Justice. Averett and Will Connor, stu dents of Florida Bible institute, visited friends this week in Bar ker Heights. Mr. and Mrs. Ralph Goforth of Canton spent the holidays here with thq former's parents. Mr. and Mrs. General Gilbert of Hqopers Creek have purchased a home *ih this section) and ^tre now-&?5<dfn\: here. " x,i - Mr. and Mrs. Leonard Nelson visited with the flatter's mother, Mrs. Emma McCarson, and at tended a Christmas program Sun day night at Jones Gap church. Mr. and Mrs. Hubert Stepp have visiting them the former's brother. Jason Stepp, of Jackson ville, Fla. Rev. Blythe Hill of Tuxedo will preach Sunday night at Bar ker Heights church at 7:30 The Christmas program at this church, given Saturday night un der the dii'eciton of Miss Bertha Lon Stepp, was very well render ed. Mr. Stonecipher of Hen'der sonvillc is superintendent of tho Sunday school. Mr. and Mrs. J. Pack of Hick ory spent Christmas with their daughter, Mrs. Herman Justice. Mrs. Claudia Stepp of Cataw ba, N. C.. ppent Christmas with Mr. and Mrs. E. E. Ruff. Mrs. Lottie Hyder and dausrh-i ters, Misses Edna, Dorothy and Vaudie, also Mr. and Mrs. Elmer KhoiN'S, MVTV . .. ^>L day of Mi-.--5.ii.! "I, ^ - I of Candler. Mr. and Mrs. '| .had as their w\ latter's win, ,\j ' Asheville. Mr. and Mi i ' 'K'O u,. were quests Su . , Mrs. •Herman .1 .1 , Mr. and Mv<. (, had as their <ii day, the latter' , $ Mrs. Cornwell. Mr. and M». ! ,i Pleasant Hill : er of East Ft: ' i day wtih Mr. 8 I Hoots. • Mr. and Mi>. j». j. their truests s > . „ son, Mr. HuU • |; ,' family of Ash« Miss Vera i • ( visited this week \ • t'. r t:l na and Vaudi< ti. Charlotte H; Thursday afto> tives in Ashevii BIRTHS up IN <OUTH ArR|C, j CAPFJOV. I Africa has si i •. !■ th !: than any othi-i j —23.9 per tho . • , „f jtion. This is ! port on vital • , > „[ ,, ! union, which ii: y *r 'the South Ai'i. ,/ • sembly. Meev.schnuiv. ■ • . : u?<'d in Iho nainy. i.- i. ^ in Asia Minor. THIS CURIOUS WORLD . B*W| 1 perguson i SARCSASSUMFISH \S C2AMOUFLA<SED IN (COLOR. AND SHAPE! "ITT BLEND WPTH THE: 5ARj3/^SSUM WEEDS IN IT5 QTFAN HOME. MOTOR SGDOTHRS are official EQUIPMENT IN THE! INOLELWt;OD, CALIF., POLICE DEPARTMENT. if LOOSE. N wEAts %% TO A<1AK£ LOOSE" WHAT DOES "UMLOOSZN" MEAN '? % ANSWER: The same thing. The Sargassuin fi^h is an excellent example of protective coloration. Its brown and yeliow raafc* dazzle markings, together with ^the fleshy tabs on the titj, render it almost invisible when swimming in the floatinsreio' Sargassum weed. CALENDAR PUZZLE HORIZONTAL 1, 6 Roman ruler^ after whom a calendar is named. 11 Evils. 12 Thing. 14 Policeman. 15 Giant king. 17 Frozen water 18 Fights, 20 Auto. 31 North America. 22 Mountain pasj 23 Ozone. 84 Ordered. 25 Radical. 27 Devoured. 28 Cur. 29 Affirmative vote. 30 Lawyer's charge. i \ Horse food. 32 To depart. 33 Roof point cover. 35 Commission. 37 Nominal value. 38 Compass point. >9 Ticket. #0 Movableness, Answer to Previous Tuizlo UluiifeMi'S pi^gk;0i5£u Iak m AlP|m'E^a6jOO ■• inCwSfll *Hfe LEAVjE 3mm flTinit IaBBBEL MfQIBIJJL 1 IFfa 41 Sea mile. 43 Ventilating machine. 44 Huge conti nent. 45 Biscuit. 4G To exist. 47 Sister. 48 Blemish. 49 Dower property. 50 Company. 51 To put on. 52 Middle of a sail. 53 He the Julian calen dar in B. C. 46. VERTICAL • 1 Plastered hut j 2 Rubber tree?. . 3 Musical not<\ 4 Russian mountain?. 5 Matching „ dishes, 7 Mapto shrub 8 Aurora. 9 Spanish. 10 Street. , 31 His calendar is- 11 —■— too ^ong. 13 He was the ablest of his time. 16 The cstodK of Pope —• succeeded Jm?. ! r, ! • :t!irr ^arf ] o f\"l>ehooi. I'OFiJ^y io To w*? ' purriirsfc j 26 Fi-S5i« j 27 Bronze. ' I'S Self-evident j j0Dc?ert fiwt :;i Quel's P'a ?? Gun. 34 old ■ gratuity rr> poor '-?■ 3C Ekrvjfirf pnrtirft .*>,7 3I4I5. 3 0 pyfv. Ofld tree 42SJ0*5 4.? Sable F -■ ' J ; ... -vot rpyciliar-i 46 Shackle j.-1 Cow'- r«T .*9 Owed. ''C
The Times-News (Hendersonville, N.C.)
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Dec. 31, 1938, edition 1
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