Year in Advance in The County.
SYLVA, NORTH CAROLINA THURSDAY, MAY 4, 1933
ir in Advance Outside The County.
What Going Off Gold Standard Means to The Farmer
) I
Enlarged Markets, Higher |
products Prices, and Ability !
To Pay Old Dollar Debts!
Tl,0 I'niu'tl States of America hai
,;^,e 0il" tin- ?oJd standard/' That
<numW ehoeking 10 people who fear
ali ,ates 8ome nientai
jdiiistinp wi the pa t of the rest of us
?j*o h.iv?* not yet become accustomed
\0 the ,v'th which every
is i-iM^iiK today.
\Vhar tl'-'i - il mean, this going off
r?W.' what i- tile purpose? What
?;|| tin- ? lifft be.' What has it to do
with tbi' al)out What
i> iiifnti??i?. m iy way ? Who will it
ltiui who will it hurt? Those
are tltv questions on the tip of every
Wlv SrtollJJ"*"*
In Sequence
The United States* went off the gold
stuidard i " .vlarch 4, when President
Koos>u't d.'tlured an embargo on
a .i ?. '?'1 -?'d abroad and called
;.J irfxudal u Id back ir. to the Fed
eral Kt^rV'' ^:a'ks- Since then we
hDW shii?w'i uo ???ld abroad except
(,n I'oiitriict- rt! ready entered into.
Siate then nobody holding a gold
.crtitkate or other paper money call
ing ft?r )M> nictit iu gold has been
able to jrei colli tor it. We still have
v the gold, nearly hit If of all the gold
| \W is in the v. odd, more than four
j W,\w4\\t\ million dollars of it ill oui' ,
' Trtiism smAbaiiks hp t we have stop (
/? ?! using it. \j
Tlit* pur]M>se yf our action i*# as
T'n - ill, 'lit J{(K),i veh .~t:ited, to bring
higher prie*>. The first plaee it
li;i> utt feted pri.-e s i, in our foreifjn
trade, /,.)? the i>r'ij<'i[':il ifse of gold a>
/iK'iiei i- in M ttJiji^ tnule balances
b?-f v. i-t-fi '.:ition.'. It U \lu- one voinmo
ility whieh every nation in the world
I J?fs .is IlliMn y.
hiuinili.itelv we went oft "old, eoni
modify piie*s in international trade
,M":IU to rise in tirin< of dollars. For
a- m?ou ;i - any nation \ paper money
I'ei'M - f.> br inimitable jM ....Jd,
]'le li.m- riiai money begin to
IwA for something else? wheat, to
i-ulloa, lard, steel or other non
p rishahle f?rm.s of wealth? -in
if. Tl>t v beg'n to buy
t "v fliiti-^ r h?*i i* puper money
>")- bs> i,| them that it did before.
"f,"r u "?*<*. tliev hid prices up.
1 f'
followed by other forms, directly ap
plicable to our internal affairs. It
makes n? difference, renJiy, what the
; value ob?th? dollar is in io/eign n.on
'ey except when we deal iu foivign
trade, becirase a dollar at a low value
i will pay a debt incurred in dollar.;
;whcn they, were at high value. ;
^ the farmer or piwUicer who get* j
more dollars for his cor.vnodity can 1
{pay his do.lar debts with them, even i
; though they ore cheaper dollar*.
Inflation will help the debtor elass
because it/will take less whoat, cotton j
shoes or what ha\ ts you to get" the nec
essary number of dollars with which j
to pay. It will hurt the large creditor
class because, although they will get
? their interest and principal repay
ments in dollars as befwc, those dol
lars will not buy as much, will not 1
represent as much real wealth.
We have as boieficiKrics of infla
tion the farmem who will get more
dollars for their crops, the wage
earners, who will benefit by increased
'employment, (although wages do not
1 tend to rise as fast an the cost of liv
: ing) business meu wtiose good on hand
become worth more dollars, and whose
sales in dollars increase faster than
costs.
Time for C hinge
Wo haw boon jyouipr through ail in
creasing process of deflation tor more
than two years. It had roaohed tbn
po'nt whore debtor.-* as a whole foiind
theniseh'os totally 'unable to pay. To
have pressed deflation further would
have resulted in universal baukruptey,
in' which the creditors would have
fared as badly as the debtors.
Just what form domestic inflation <
will take remains to be *een. The j
Presidents request for power to adopt '
any or none of various moons of in - '?
t'lation indicates that he will l>c ?ui?l- !
ed by conditions as they arise. It!
Ls probable th.:it he will issue' i-arreii
oy against Govommwit bonds, for one j
thintf, that hilver will be re^orod to !
its former monetary position thus in- j
or^asinjj the volume of metal behind
our money, and possibly ho may do- :
<-ide( if it seems to be warranted, to ;
reduce the amount of gold in the eold ]
la Farm Products
li itiu ? >i?m (o some that wo iu
Aim lira a iv not concerned with what
Ii:i|'|xih in foreign trade. But it is
I "tii our -jilt s overseas that a very
lai'pc pan of the money eomes which
1'ays for our f:irni products. More
thin h it nil cotton grown in Amer
i'u must be sold abroad it! the grow
"v?i tin1 South aro not to suffer. In
T'.j.t, ulutie, it has been figured out
"if !<?vs to the entre state from the
low 0f cotton in the exj>ort
!r'nl<-, li.i> been over $400 for every
family in the stall -
At'.iu ,i half of the moni'V which to
growers get for their crop
"?nits i loin foreign sales. We nor
"wlly >,!! abroad from a quarter to
1 third (?| all the lard we produce,
a*>ut one sixth of our apple crop,
ln"l'<1 than ho If of our turpentinc.
?>Miue i ml Ix-nzol, over a third of
(,||r and from a quarter to
'""?luil! of our factory products in
important lines.
't Miic. highly important then, to
"et tlii- highest )>ossihlc prices for
'It'si' cimhI... if, the world market. Bait
'"tii^n nations have let their
lu'"l('.v <lvin'e<-i:ite they cannot buy as
l"u,'i "i" pi. y as good a price, so long
*'*' iiiiiintain our dollar on the
On the other hand, with
T *'r '*h?-ap money, they c&n produce
^ l<l>-> n -t than we can and sell
' 1,1 -""'Is to us for our go'd dollar*
?'I'1 r than we can produce them
v -Mir i*osts are measured in
? hiii
v hi
S"M.
How Produoer is Helped
in u'oinw off gold we have eheap
""',1 "'?? dollar to meet the other
iiiiin, y> of the world, and al
?'??"Iv t "ii.ijirxVity prices have begun
In iithir words, we have start
1,11 i-rofjram of inflation of the
'"rri'i'.y. which is merely another
w.iv ,,t .,;i viug increasing prlccs.
Tin- ^'old puibarpo is a very wiM
r,"m "f ii l'lation. It is certain to bf
dollar by rw murh as one-half. That
would not he I h?s first time we have
done just that in our national history,
rather the fourth or fifth time.
I We still have nrcirly hall' of nil
the world'/s t*oUl behind our money,
whatever price we put on tho dollar.
I J
!' BALSAM
? Mr, John Ii. Queen passed away at
'the home of his daughter, Mrs. N. R.
Christy Monday morning. Mr. Queen
;had not been well for some time and
his death was not unexpected. The |
following children survive: Mrs. Iks
sie Cuthbertson of Almond, Mrs. Dol
lie Christy, Mrs. Mamie Beck; Mr.
E. 0. Queen of Canton. All were pres
ent when the end caine. Funeral ser
vice was held in the Baptist church
Tuesday afternoon and interment in
(J raw ford cemetery.
j Mr. and Mrs. Cicero Crawford an
nounce the birth of a girl; the 23rd
of April.
Mr. aud Mrs. A. C. Crawford an
nounce the birth of a girl ? Clarice;
Friday the 28th of. April.
Mr. and Mrs. Henry Christy and
baby of Franklin were guests of hi*
brother, Mr. N. K. Christy last week,
j Miss Hester Queen s|>ent last week
with her sister, Mrs. Lilly Ilryson re
turning with her after the death of
her mother, Mrs. Dora Qneen in
Hazel wood.
j Jlon. \V. T. Ijee and Mrs. Leo were
here last week froir Waynesville.
j Agner, Ernest and Harry Queen
are visiting their grandparents Mr.
and Mrs. W. M. Qniett near Whit
tier.
j Several families have arrived to
spend the summer in their cottages
in BaHough Hills.
| Mrs. Emma Gibson of Macon coun
ty, who has been visiting her niece,
Miss Sara Bryson, returned to her
home Sunday.
Everything booking Up As European Envoys Sail Home
V' j
'Everything appears to be looking up". . . was the gist of comment, semi officially tad otherwise, as Prime
Minister, Ramsay Mac Dona Id of England, right, and Ed juard Herriot, France's envoy, left, waved adieu aad sailed
Lome, following their separate informal conferences with President Roosevelt, in which it is predicted agreements
Vere reached which will considerably advance the prosi>ects of success of both the Disarmament Conference and Inter*
national Economic Conference within near future. It is hoped that steps have been taken under which a free inter*
national oroW utamlard may be restored!! V
Washington
News Letter
Washington, May 4-_--Presi<le?t '
Roosevelt's critics arc beginning to
he heart!, and the chief ground oi'
their criticism is that he is set-king
and has obtained |>owers which here
tofore have been jealously retained j
by Congress, making the President '
far more of an actual director of the
nation's destinies than any Presideift
has ever li.-eii rveii in war time.
"Shelving flu- Constitution," some
?ritics say. Mr. Roosevelt *s friends ?
adirit thai the Constitution is boil./'
switched hut they point to history to
justify the operation. "A rigid ("on
sit ut ion lies the hand.-, of the pres
ent wiih J nnds imposed under past
ponditioi; -, by politicians now Ions ;
dead/' said one of these' friends. "We'
think the country will be better off
in the hands of Jive Statesman tbnnj
in those of dead politio'ans. " '
Before this is in print the President j
will have received power from Con . f
gress to change the nation's whole 1
curipncy systun in almost any way.
ho pleases. Tie will not be instructed
by Congress ns to what ho shall do, t
but permitted by Congress to do any '
ono of several thinps, as his judg- '
mcnt rrav dictate.
I
Banks, Pensions, Farms
Cnder the emergency banking law
tile Preaide.ii t regulates credit, cur
rency, go'd, silver and foreign ex- ?
change transactions. He fixes nitric- ;
tions on the banking business of Fed- j
eral Reserve members appoints con- j
servators for anv bank when that is ;
? j
necessary to protect de|H>sitor:s guar- ;
an tees 100 percent liquidity on ac
counts opened after a certain date,
passes on the reorganization of na
tional banks, permits the purchase of
preferred hank stock by the Recou
st ruction Finance Corporation, regu
lates bank loans made by the Cor
poration, and may issue a large
amount of new Federal Reserve Bank
notes oil collateral not heretofore al
lowed as a currency base.
Under the economy act the Presi
dent is given and has exercised the
power to abolish the entire structure
of vetivans' benefits, and he lias sub
stituted ii n/'W pension system, in'
which lie fixes the rates and l he clas
sifications. The^ same act gave him
solo power to reduce all Federal sal
aries by as much as I") pereuit, to
consolidate or eliminate any govern
mental agency or bureau, and ?<> im
pound the money ??ve<1 thereby in
itlic Treasury.
In the farm relief bill it is provid
ed that the President may reduce
acreage, specify the growing of fa mi
, products on certain terms( employ the 1
allotment, land leasing and cotton
option plans or any of them, as he j
pleases, levy taxes on processing and
punish those who do not conform to
his orders: enter into marketing
agreements; decide when the emer
| i (Continued on page 4)
CATS 1933 FOOTBALL
SCHEDULE IS JUST
ABOUT COMPLETED
?Callow hec, May 1, ? The Western
Carolina Cautainounts J9-33 football
schedule is just .about complete. Co.*teh
Poindextoi announced today. The j
Cats la <*?'.' their hardest sjch?*lulo in
history.
The* Catamounts will <-lash with on
ly oho Junior col logo next y?ur thai
feeing their. opening gan:e with Lft
MeR-ae Junior College."*
The schedule: ^
Sept. 22-2'i IjtyMtHac at Cullo- j
whec. n
Sept. .'<0 Car.Min-Nrv.uian. 'JYjui.,
at Jefferson City, Tenn.
()"t. ti Now Berry College of S. C.
at New Berry, S. C. (pending).
Oct. 14 Appalachian State at Cul
lowhee.
Oct. 20 Leiioir-Khyne Boors lit
Hickory (night game.)
Oct. 28 Tenn. Teachers af .Tohn
son City, Tenn.
Nov. 4 Oj M*n.
Nov. 11 Marvville Tenn. at Oil
low hoc. (Home-coming flay.)
Nov. 18 Piedmont C!a. at CulloW
hee or Sylva.
Nov. 30 Pans Island Marines ar (
Paris I sland, S. C. (Thiuiksgiving i
Gome.)
) This will he the first time for the
Cats and the following Colleges to
meet in football: Lees-MeHae; New
Berry; Appalachian State; Lenoir
Rhyne Boars; Marvville and Paris
Island Marines.
Western Carolina will lose only ?>
Cats hv graduation this spring. Those
arc Mark Watson, Guy Sutton, Paul
Buchanan, Chas. Morgan and C ap
teiin Harry Sams. Morgan was stud
out line coach at Cnllowhoe last ycoi
and Sams was baekfield coach. Sams
w\as the Catamount Captain this year.
Captain for next season has not been
chosen.! A Captain will he appointed (
at the beginning of each game and
at the closc of next season a Captam
will he chosen for the year.
Western Carolina Net
Men Team Enter Tennis
Tournament, Salisbury
C;il!ou'hte, May 1. ? The Western
Carolina Net-Men will I e a v o
Thursday, May -4th for Salisbury
where they will play in tin- North
State Athletic Association tennis
tournament. The tournament will
start Friday at 2 o'clock p. in. and
last through Saturday.
This is the first year for \\ est em
Carolina to participate in inter-col
legia to tennis. Six men will represent
Cullowhee in the tournament.
The not -men have been working
hard in preparation for the event,
j The one? who are to make the trip
are .
Singles: Paul Buchanan^ Walter
Thomas and Roald Hodden and dou
bles; Clyde Bowman and Paul Lyday.
Lydnv i? President of the tennis club
here. i
1 - - - - I
40 YEARS AGO
Tttckaseige Democrat, April 26, 1893
j tapt. F. II. Leatherwood went to
lAshi'viMi- Saturday.
\
Mi-. C''ym,?s is representing our
neighbor, tin- Wayncsville Courier n!
our court. And paid our office a pleas
ant call.
Miss Mollie London of Asheville,
who has been spending the past win
ter with relatives in Cashier's Val
ley, gave us a pleasant call as she
was returning home "Riesday.
Prof. R. L. Madison a. id Mr. L. A.
Wilson went to Asheville Thui-sduy.
exjweting to return Saturday hut
missed their train and had to stay
over till Monday.
We had the pleasure of' a chalice
meeting' on the street at Webster
Monday with Mr. Tillman It. CJaioes.
? t
t lie representative of that bright anil
clever peper, the Asheville Citizen.
Dr. .1. II. Wolff returned Saturday
from his trip to the eastern shore and
reports having a splendid time. Mas
ter Elsie did not return until Mon
day. The Dr. placed us under great
obligations by bringing us a fine
shad, a treat we enjoyed immensely.
There u ill be an entertainment at
the Cullowhcc Iligh School Friday
night April 28, for the benefit of that
institution. The inducements are a
"poke" supper and a magic lantern
exhibition. Admission 10 cents, ehil
dre.il o cents. Refreshments 25 cents
per ''poke.*'
Program for the Union Meeting tr.
be held at Ochre Hill Church; Intro
dnctory sermon, Rev. A. T. Hord, al
ternate, Rev. A. C. Queen; 1st Topic:
Consideration of the propriety of so
amending our constitution as to pro
vide for the admission of delegates to
the (:nioii Meetings from Baptist Sun
day Schools on the same basis as the
churches are represented. To be op
encd by Rev. -J. P. Painter; 2nd Top
ie: Home and Conventional Missions.
Opened by Rev. A. II. Sims; 3rd
Topic What should be the charade)
of the reading matter placed in our
families and the responsibility of par
ents furnishing the .same. Opened by
Rev. H. D. Welch; 4(1. Topic: Tin
evils i?f intemperance and who un
responsible for them, opened by Rev
W. W. Recti ; Third day, Sunday
School Mass meeting, conducted by
Rev. T. F. Deitz.
When suburban Xew Yorkers mis
the last train for home they can go
to certain hotels where pajamas,
tooth brush and razor are supplied at
no extra cost. No baggage is resuired
to register. . .
Democrats Win
In City Election
The Democratic ticket won in thfl
iuinici|Kii elect ion held lien- Tuesday
iv majorities ranirinjj from 51 to 79
Jic io'lov. injr voir bcinjf |io|lc.l>
Democrat
For Mayor:
(*, Hnchaiiuii - . 2N 7
For Aldermen:
Dr. liriivt r W ilkes JMM?
\V. K. tirindstaff -- ... - .'105
.1. C. Allison -- 305
K. 1.. WIIm-ii. . ..j.. 21)7
Charlie Price . 203
Republican
For Mayor:
Dr. ('. Z. Candler __ .. 230
For Aldermen:
??I. S. Mixtion -- 213
Titos. Iii.ir. tt 32 2
11. K. Hat t Ic .... . J....221)
S. M. H.-i-iiiiikoh - ? 232
(J. K. IW 23ti
The mlive ticket was re-elected the
mayor and every member ol' the board ,
of aldermen liavinjr servjed during th<?
pr. ceding tcrir ol' office.
CATS OF W. C. T. C. TO
LEAVE TUESDAY -
PLAY TWO GAMES
( "m I low !?????, May 1 ? Tlu: Catamounts
of Western Carolina College will
leave the campus Tuesday morning,
May '2nd lor Boone when' they will
l>lay Appalachian State a two gair.o
series in baseball. The first game
will be W ednesday, May .'I and tlui
second will be Thursday, May 4th.
Friday, May ">lh I he Cats will play
Ijc-noir-Khyne college at Hickory. The
Catamounts will arrive on the campus
Saturday May Gth.
The two games with Appalachian
State this week will make the 4th
game played between the two col
leges this season. The Cats split a
double header with the Mountaineers
here last week, Friday, April 20. The
Mountaineers were scheduled to plav
the Cats on Friday and Saturday hut
due to ear trouble the Boone men were
unable to n-aeh Cullowhee in tililfl
for a gan.e Pridnv so the coaches de
? ?
eided to make it a double header Sat
urday.
The Catamounts won their first
game ?"? to <?. Simpson, Cat hurJer,
pitched the Cats to a no hit victory.
The Cat lurler seemed to be going as
strong at the end of the ninth as he
was at the first. lie proved to be too
much for iiie Mountaineers. Simpson
Was baseball ciiach and star hurlcr ?t
Weaver college last year.
Ill the second game the Mountain
eer* rallied in the seventh to win 5
to Queen, Catamount south paw
hurler, pitched fine bull allowing the
Mountaineers 7 hits while the Cats
collected S hits off Wort mall, Boone
iitomidsmuu. Queen struck out tl
Boone men and Wortman struck out
} Cats.
The game with licnoir-Bhvne Fri
day, May ">ih will be the lir>l tine
for the Mountain Bears and Cats to
meet in baseball. They met in Raskct
ball last sea v in fur the lirM athletic
event between the two etilhges. TlieV
will clash in football ri<v\*1 tall at
Hickory.,
f.OSf h Poindexter has iml in.ide
known yet who will make the trip
this work, ffe will enrrv ekfhteen
men
Eatelle Taylor, former wife of
Jack Dempsf-v, threatened to sub
poena "half Hollywood" to prove
1 At> never touches intoxicating liqnor,
m her nit for $150,000 damages in
auto aecidaat Tkat iuue wt