PAGE 6 ~ ^ '' V THIS WEEK In Washington Washington, May 14?As forecast in this correspondence a short lime ago, the President is choosing the "right" fork of the road to social and economic recovery, rather :-han the "left." Not by any positive declaration of policy, but by j jutting the emphasis on matters which appear of more importance to the conservative element of the citizenry than do a good many of t,he things about which there has been so much talk. More and more it is being borne in upon those members of the Administration who are keen for reforming everything?and there are t. few who are "bugs" on that subject?that until and unless business responds to what has already been jut into effect, it would be folly to try to press any more far-reaching reforms upon the nation. The ????s this clearly, and so X iCOlUViiv co a great many members of both houses of Congress. Some of the latter, with the primaries now starting and the election of next November staring them in the face, are wondering whether anything < that they can do between now and < adjournment will help to restore I business confidence in time to do < them any good. ? Heed Constructive Criticism 5 The Administration and its sup- t v porters are receptive to criticism i when it comes from sources which i they do not regard as self-seeking, i They pay little attention to what f Wall Street things, but they do i listen when representatives of con- * structive and productive business s speak their minds, as did the mem- t bers of the Chamber of Commerce P of the United States recently in their annual convention. One result of that criticism is a revision of the i Securities Act, with the President's t full support, to enable legitimate v business to obtain capital in a legit- a imate way from legitimate sources, s without being classed with crooks ? end highbinders. c It is probably a fair statement v that Republican opposition is not s worrying the Administration any. 1 In the nation as a whole there is nothing that can be called a Repub- t lican party today. The Old Guard g is reluctant to let go its leadership, ? yet is calling for young blood to t rejuvenate the party. 1 So far about the only effort to j shape up policies on which to go ? _to the electorate next election time t seems to be an efort to see how close the Republicans can come to 4 paralleling Democratic ideas. That c creates much the same sort of a r situation that existed in 1896, when both the Republicans and the 1 Democrats vied with each other to ^ see how much they could grab off for themselves of the platform of the vigorous young third party, the Populists. Between them they killed t the Populist party, but its doctrines g survived and every one of them is c now the law of the land, save only e the free coinage of silver; and that ( seems closer now than at any time 1 In nearly forty years. < The Republican Outlook There are wise old observers here f in Washington who believe that the ] Republican party has a chance in ( 1936 only if it comes out frankly j and squarely on the conservative ( side. The radicals have done all the , talking for the last couple of years, ( until one would be tempted to think that there are no conservatives left. t Some of the members of Congress [ who are coming up for reelection { know better; there are still a few j conservatives left in their home dis- ? tricts who are likely to vote the Re- ? publican ticket next November. ? Locally, conservative thought is ] beginning to express itself. Wash- , ingtonhas heard hardly more than t echoes from the back country, so ( far; but some smart politicians be- ( lieve that if the national Republi- ( can party would go on record, not , as promising the same sort of thing , that the Democrats are dishing out , now, but almost precisely the op- , poslte so far as Government control . of business, and expenditures for social reforms are concerned, it \ would gather recruits to itself like , a snowball rolling down hill. It ( might not win the Presidential elec- , tion of 1936( but it would have a . good chance in 1940. These same observers give President Roosevelt j the odds on a second term. . Brains From the Ranks i There are many indications that the so-called "brain trust" is not | such a dominating infuence as it , was. The term, of course, is a loose one, but is used here as meaning < the intellectuals who had little , practical experience in administer- , ing public affairs but were installed i nere Decause 01 uieir supposed Det- i ter understanding of public questions than the men who make such matters their life work. The Administration has learned i that there are many men of high i scholastic attainments, thorough scholars, and with detailed, practical knowledge of how Governmental things are done, already in the permanent Government service. Varrenton, North Carolina ????? ; Mrs. Wallaj^e^ctive *WASHINGTON .... .. Mrs. Henry j?.'-Wallace (above),''* wife of the Secretary: of Agrieiiltnre, was hosten .with Mrq. Otto .Veehoff, president*. of the National Farm and Garden Association at the - annual convention held here. Mis. Wallace is qhite iactive in -the Association progaiq. for the coming year. These men are not party men, but efficient public servants who, for >ne reason or another, have made )ublic service their life work. Some )f them are men of means, who :erve because they feel there is more atisfaction in using thir talents for he public welfare than in piling lp wealth for themselves. Some are nen whose tastes ire simple and leeds few, who get along very comortable on their Government sala ies and who wholeheartedly de'ote their leisure to the study cf. :ocial and economic problems in heir national and international aspects. Getting a Hearing Now' These men are now being called nto conference, and some of the irain-trusters are discovering that vhat they have been putting forth is new and original ideas, are old tories to some of these chaps, tome ideas have been tried and lidn't work; some of them are just vhat these permanent Government ervants have been ;rying to get a tearing on for years. That is one of the indications that he running of the great business of :overning the United States is now ;haking down into order and sys,em; but a lot remains to be done pefore anyone can say positively (ust what the policies in effect arc md in what direction we are ultinately heading. Designed in sizes: 36, 38, 40, 42, 14, 46, 48, 50 and .52. Size 44 re[uires 4 3-4 yards of 39 inch mateial with 1-3 yard contrasting. Landlord Suffered Along With Tenant The attempt to fi:: the blame on he landlords for share croppers ind share tenants having to re:eive federal and stf.te aid is rath;r far-fetched in the opinion of Dr. j. W. Forster, head of the departnent of Agricultural. Economics at State College. Dr. Forster has stidied the situa;ion in rather full detail and while le admits that the share tenant's economic situation is; far from satsfactory and probably always has Deeti, still his income fluctuated vith the changes in income from igriculture. "When agriculture was in a fairly prosperous condition, the share :ropper and share tenant participated with the landlord in these prosperous conditions," Dr. Forster "DnrVponp far onto Hirl nnt >C11U. i CI IMllVO Ai.\JV ihare to the full extent that they ihould have, but they participated, [n 1928, we studied 230 share tenints in eastern North Carolina and hat year, the cropper's share of the :ash farm receipts was $1,030. Af,er deducting his shsre of the farm jxpenses including the high inter;st rates for capital advanced, his let return average d $766. The ralue of the labor of his family was estimated to oe worth $271 which left him a wfge of $495." Dr. Forster points out also that the tenant secured some $170 worth if food, fuel and the like from the iwner's farm. In that year, cotton and tobacco sold for an average of about 18 cents a pound. Then came the slump and the Income of both landlords and tenants shrunk due to the rapidly lowering prices for all farm products, rhe large part of the difficulty was ^AilnVA A# ? J ? viic iauuic ux uiuudtiy tu \J, ^ Mr. and Mrs. R|chaj Jj?t I supper guests of Mr I Davis on Sunday evenJ ^ P. LAWYEBsl I Mr | I I! is Bank and Trust Com- 9 I gh its Trust Department 11 xecutor, Administrator, I Trustee, Escrow Agent I Fiduciary capacities. H j attempt to practice law I egal documents. iss you refer to us will I careful attention and I f all parties will be pro- 1 ink & Trust I P ANY I ION, N. C. rORTH CAROLINA Fiduciary Business John Kerr Jr. I Cromwell Daniel I Cromwell Daniel I Cromwell Daniel I Polk & Gibbs I Kerr & Kerr I John Kerr Jr. I W. W. Taylor Jr. I W. VV. Taylor Jr. I IAY 29, 1934 Banzet & Banze: I Frank H. Uidds m Banzet & Banzet I Lendon & Hendrlck, Frank H. Gibbs I Banzet & Ban?: I ad John Kerr Jr. MAY 30, 1934 Keir & Kerr I GhoLson