Newspapers / Zebulon Record (Zebulon, N.C.) / Jan. 21, 1938, edition 1 / Page 4
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ECONOMIC HIGHLIGHTS Happenings That Affect The Din ner Fail, Dividend Checks and Tax Bills of Every Individual. National and International Prob lems Inseparable From Local WcKae. As the regular session of Con gress gets underway, the most sig nificant political occurrence is the growing cleavage in the majority party. No President enjoyed a longer or more complete honey moon with Congress than did Mr. Itoosevelt—throughout his entire first term he faced no opposition, and for the first year of his second term the opposition was scattered and ineffectual. His leaders in House and Senate experienced little trouble in rounding up next-to-una nimous support for White House measures, and deflecting Congress men we.e swiftly and definitely punished. Today a different situa tion obtains, with a substantial part of the Democratic majority in open revolt against Administration objectives, and with a larger part in quiet, tacit revolt. During the latter part of the regular session and the enti.e special session, the majority leaders worked untiringly to heal wounds and bring the dis senters back into the New Deal fold—and they failed almost com pletely. This was especially notice able in the Senate, where Mr. Dark ley, successor to Mr. Robinson, met practically as much opposition among the members of his own party as among the Republicans. The open cleavage began with the Supreme Court bill. But trou ble had been brewing before, and the introduction of this measure gave Congressmen who had been growing restive and doubtful of Administration policies the oppor tunity they had looked for to split with the White House. The Black appointment marked another major blow to the President’s power and prestige. By October, as Mark Sullivan pointed out recently, “it was fair to estimate that the Dem ocrats in Congress opposed to much of Mr. Roosevelt’s program, were at least equal in number to those who supported his program.” Today the latter group is probably actually in the majority. The last important White House “must measure”—the wage and hours bill—typifies the trend. It is no secret that every possible tactic was used in an attempt to get this bill through. In July, before the business recession, it passed the Senate by a majority of exactly two to one. In December, a similar bill, c' anged somewhat in wording but almost identical in purpose was beaten by the House, 216 to 198. And it was the Democrats, not the weak Republican ranks, which beat it. Some recent events have made the split ail the more dramatically clear. It is a reasonable assump tion that the majority of the Dem ocrats want to help and co-operate with business. There is a very strong bloc which wishes to put tax revision and friendly industrial legisla ion first on the calendar. While the President is not actively opposed to this, his attitude is one of coolness, and he apparently be lieves that such legislation is of minor impo.tanee, and should be deferred. The anti-monopoly cam paign, under Robert Jackson, in augurates a new drive against big business. Secretary Ickes has made a speech which amounted to a sweeping attack on big business, and no one believes a cabinet mem ber would make so vital an address without the permission of his Chief. In other words, the Administration be ms to be bent on going ahead with its program, whose cardinal point is the radical revision of Am erican industry, and an increasing measure of government control ov er business. Many leading Demo I HE ZEBULON RECORD, ZEBULON. NORTH CAROLINA, FRIDAY, JANUARY TWENTY-FIRST, 1938. crats are largely opposed to this, Kid feel that is would very possibly force us into another long depres sion, greater centralization of gov ernment and with undermining of iemocratic institutions. It is over his point that the struggle for control of the Democratic party, between New Dealers on the one .land and the conservative wing on the other, is now taking place. The elections late this year will determine the outcome—in the pri maries in many places, New Deal Democrats will be opposed to anti- New Deal Democrats, in a frank fight for power. In the meantime, Congress will continue to be torn oy the opposed schools of thought —which means that there will be a great deal more talk than action, and that major legislation is likely to become stalemated. In the business field, there are some signs of betterment. Demand for durable goods has tended to in crease. Christmas trade this year was in excess of $5,000,000,000, marking a slignt advance for the country as a whole over 1936. Extremely interesting is the re port of the National Unemploy ment Census, made to the Presi dent on January 1. While the method of making this census is certainly open to criticism, it does constitute the first survey of the jobless with any pretense to accu racy. According to it, the unem ployed total ranges between a min imum of 7,822,000 and a maximum of 10,870,000. About two million of these are women. Since that census was taken— mid - November unemployment has Increased. NOTICE OF FORECLOSURE SALE Under and by virtue of the pow er of sale and authority contained in that certain Deed of Trust to the undersigned Trustee, dated February 24, 1937, recorded in the Registry of Wake County, North Carolina, in Book 738, Page 208, default having been made in the payment of the note thereby secur ed, and the holder thereof having directed that the Deed of Trust be foreclosed, the undersigned Trus tee will offer for sale at the Court House door in the City of Raleigh, North Carolina, at 12 o’clock Noon, on MONDAY THE 24TH DAY OF JANUARY, 1938, and will sell to the highest bidder for CASH, those certain parcels or tracts of land, situated in New Light Town ship, Wake County, North Caro lina, the same being more particu larly described as follows: FIRST TRACT: Begins at the northeast corner of the dower; runs thence South 88 degrees East 372 feet to a stake; thence South 3 degrees West 1830 feet to a stake; thence South 87 degrees 36 minutes West 372 feet to a stake; thence North 3 degrees East 1850 feet to the beginning, containing 15 5-7 acres, more or less. This is Lot Number 1 in the division of the Albert Keith lands. SECOND TRACT: Begins at the north corner of Lot Number 1, thence South 88 degrees East 374 feet to a stake, thence South 3 de crees West 1800 feet to a stake: thence South 87 degrees 36 minutes West 374 feet to a stake; thence North 3 deg ees East 1830 feet to the beginning, containing 15 5-7 teres more or less. This is Lot Number 2 in the division of the Al bert Keith lands. See Book Num ber 298, Page 529, Wake County Reristry. THIRD TRACT: Begins at a stake notheast corner Lot Number 1, thence South 88 degrees East 380 feet to a stake; thence South 3 degrees West 1780 feet to a stake; thence South 87 degrees, 36 minutes, West 380 feet to a stake; thence No th 3 degrees, East i 1800 feet to the beginning, contain ing 15 5-7 acres moe or less. This is Lot No. 3 in the Division of the Albert Keith Lands. FOURTH TRACT: Begins at a otake, the northeast comer of Lot 4 in the division of the Albert Keith lands, runs thence North 84 degrees 6 minutes East 370 feet to a take, thence South 2 degrees 36 minutes West 2030 feet to a stake; thence North 71 degrees 54 minutes West 402 feet to a hickory; thence North 3 degrees East 1920 feet to the beginning containing 15 5-7 acres more or less. This is Not Number 5 in the Division of the Albert Keith lands. FIFTH TRACT: Being an un divided one-seventh interest in and to the dower tract of the Albert Keith lands (Subject to the dow er of his widow) which is describ ed as follows: Begins at a stake, the northwest corner of the Albert Keith lands; thence South 88 de grees East 1132 feet to a stake, thence South 3 degrees West 1850 feet to a stake in the old road; hence South 87 degrees 36 minutes West 433 feet to a stake; thence North 10 degrees 24 minutes West 1178 feet to a stake; thence North 87 degrees West 434 feet; thence North 3 deg. East 732 feet to the beginning, containing 32 acres, more or less. The aforesaid first, second, third, fourth and fifth tracts of land are the same lands described and con veyed in that certain deed dated March 6, 1933, recorded in Book 644, Page 551. This December 24, 1937. CALE K. BURGESS, TRUSTEE. Dec. 31—January 21 cheeks colds FEVER first day Headache SO ainutea Liquid, Tablets, Salve, Noaa Drop* Try “Rub-My-Tlsa”-World’s Best Liniment have a new Electric J jjjjfflrjjjg: I S C\+ EAP/ |p|r Better Coffee Special Prices C A T 1? Shoes, Overalls, 30 DAYS Dry Goods Shoe, Dry Goods, Overalls, Hats, Caps, all on SALE, at SPECIAL Prices; Trunks, Suit Cases, Rubber 800 s, Shoes, .Gloves, .Sox, .Harness, .Collar , .Bridles, Chums, Jars, Plates, Knives, Forks, Spoons, K erosene, 10c Gun Shells, 70c Rifles, $3.50 A. G. KEMP Zebulon, N. C. Buy Your Fuel Oil No. 1 from PAUL V. BRANTLEY OIL CO. Shell Union Oil Corporation Petroleum Products ZEBULON, N. C. CHANGE OF SCHEDULE Norfolk Southern Railroad Beginning October 3, 1937 RAIL BUS 8:10 A. M. Lv Washington Ar. 7:00 P. M. 8:46 A. M. Lv Greenville Ar. 6:18 P. M. 9:05 A. M. Lv Farmville Ar. 5:57 P. M. 9:42 A. M. Lv.__ Wilson Ar. 5:20 P. M. 10:27 A. M. Lv ...Zebulon Ar. 4:39 P. M. 10:36 A. M. Lv Wendell Ar.4:31 P. M. 11:15 A. M. Lv Raleigh Lv. 3:55 P. M. Travel for 2 cents a mile ECONOMY SPEED SAFETY
Zebulon Record (Zebulon, N.C.)
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Jan. 21, 1938, edition 1
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