Newspapers / Zebulon Record (Zebulon, N.C.) / Feb. 25, 1938, edition 1 / Page 3
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ECONOMIC HIGHLIGHTS It hasn’t been headlined much as yet—but the United States and Japan are about to become actively engaged in a naval expansion race. The current naval program which has the Presidential approval, calls for major expansion of the navy over a period of several years. A large number of ships will be built, plus several capital ships—heavy men-of-war, mounting 16-ineh guns and costing scores of millions. Two unconnected incidents seem to be responsible for the program to revitalize and enlarge the navy. First, the warlike attitude of Ja pan and her apparent disregard of the rights of non-belligerents (as llustrated by the sinking of the Panay), has brought the State De partment to the view that the Unit ed States must make it apparent to Nippon that we are prepared, if necessary, to meet force with great er force. Second, the business de pression has made this a perfect time, in the view of New Deal of ficials, to inaugurate a naval build ing program. A battleship takes several years to complete, and costs from $30,000,000 to $60,000,000. It requires a tremendous amount of labor, skilled, semiskilled and unskilled. It demands the products of all the basic industries, from lumber to steel. Thus, a big scale naval expansion plan is of no small significance in employing labor, dis tributing money throughout the basic industries, and bolstering business in general, for a short period. Theoretically, Great Britain and the United States have the world's greatest navies, with Japan run ning a poor second to these domi nant powers. Actually, when it comes to modern naval tonagc—as against obsolete tonnage represent ed by ships which look all right in war games but would be next to useless in actual combat —Japan is practically as strong as we are and some think she may be stronger. Between 1928 and 1935, American naval construtcion practically stop ped. Those were the years in which Japan was developing her navy as rapidly as possible. Since 1922, Ja pan has built or started 217 war ships with a gross weight of 717,- 000 tons, as against 136 ships gross ing 560,000 tons for the U. S. Further, it is reliably believed that Japan (whose government makes every effort to keep such matters a dark secret) is now build ing several ships of almost unpre cedented size and range, and mounting 18-inch guns. The best available figures indicate that the United States today possesses 113 fighting ships weighing a total of 869,000 tons, while Japan has 171 ships weighing 708,000 tons. In ad dition, Japan subsidizes its mer chant marine, which is in reality a branch of the navy. As everyone knows, the U. S. merchant marine is next to non-existent, and has been going down hill at cataclys mic speed since the last war. Here are some of the reasons why the House recently approved the largest naval peace time appropria tion on record for the next fiscal year— sss3,ooo,ooo. It is not at all unlikely that additional legislation w T ill increase this figure. This gov ernment seems certain to become involved in what the U. S. News terms, “the world-wide naval arma ment free-for-all” Space prohibits this column dis cussing the endless differences of opinion between those who feel that a big navy makes for peace and those who believe it makes for war. The first school argues that if we show sufficient military strength, no nation will dare to insult us, much less attack us—that, no mat ter how much they may hate us and desire our possessions, they will have to keep out of war be cause they can’t possibly win. The THE ZEBULON RECORD, ZEBULON, NORTH CAROLINA, FRIDAY, FEBRUARY 24th, 1938. second school, which 'has much his torical precedent in its favor, ar gues that great naval and military machines, even though their spon sors urged them as instruments of peace, have inevitably become in struments of war. These opposed theories are of only academic in terest now, however—the big thing is that the entire world, including the United States, is spending un told billions to create fighting ma chines of a greater magnitude and effectiveness than ever existed be fore. During 1938, to date, industry has found what Business Week terms an “at least temporary base line.” A resistance point seems to have been reached, beyond which industry as a whole does not drop. Nor, on the other hand, does it rise much beyond this point. Conditions are unusually static, taking the situation as a whole. There seems small likelihood of any major change either way in the near future. CRIME DOESN’T PAY New York City—Cire Terranova, Italian racketeer and so-called, “artichoke king”, whos wealth once dazzled Broadway, died in abject poverty. For years no shipment of artichokes could enter the city without paying graft to Terranova. Dealers trying to evade his tribute The Butcher Boy All mews we select -Pand RELIGIOUSLY g .-fl INSPECT Not only are our meats inspect ed, but we display dried fruits, peas, beans, etc., only in cellophane bags. These afford absolute pro tection from dust or handling, while allowing you to see what you are buying. We believe not only in complying with all pure food laws; but in ring beyond them for your added protection. CITYMARKET ZEBULON'S FOOD CENTER 6, calm those I by using NERVES, DOCTOR Can you afford to be NERVOUS? Perhaps you could afford those attacks of Nerves if you were the only one affected. Tense nerves make you a nui sance to everyone with whom you come in contact. No one likes you when you are jumpy, irritable and nervous. Al DR.MILES' C" INervinl. DR. MILES NERVINE has been recognized as effective for more than 60 years by sufferers from Sleeplessness, Nervous Ir ritability, Nervous Headache, Nervous Indigestion, Travel Sickness. DR. MILES NERVINE is now available in the original liquid form and effervescent tablet form. You can get it at any drug store in 25 cent and SI.OO packages. mnm had their trucks sprayed with lead from ‘Tommy guns”. Unable to se cure a conviction because of Ter ranova’s close alliance with Tam many Hall, Mayor La Guardia fin ally ordered police to arrest him every time he crossed the city line from his $40,000 mansion in West chester County. After 14 arrests, two of them for murder, and being listed as Public Enemy No. 3, the Sicilian outlaw gave up the ghost penniless, his body unclaimed in a funeral home. COMMUNIST TEST DUE New York City—The American Lebion will begin an immediate test of Americanism in local courts designed to remove from office Si mon Gerson, an avowed Communist who was appointed Assistant to Manhattan Borough President Is aacs. Practically every Catholic or ganization in the city is uited in the fight against Gerson, and Vic tor F. Ridder, leading publisher and chairman of the State Board of Social Welfare, sounds a warn ing that the infiltration of radical foreign elemetns is undermining the entire Works Progress Admin istration. THE BUSINESS WEEK Among the problems listed for discussion at this week’s conven tion of the Associated Bakers of America in Chicago is the feasibil ity of a national advertising cam paign to combat the impression that bread is the most fattening of foods . . . First signs of Spring were reflected in increased activ ity in the woman’s ready-to-wear garment trade, especially in cos tume suits. . . For the third succes sive week, steel production remain ed stationary at 30 per cent of capacity . . . Addressing the Nation It Is Dangerous It is dangerous to sell a SUBSTI- I UTE for 666 just to make three or four cents more. Customers are your best assets; lose them and you lose your business. 666 is worth three or four times as much as a SUBSTITUTE. U. S. Approved, Pullorum Tested Crop Production Loans AT 5 PER CENT PER YEAR V\e are glad to announce to the fanners of this section that we have made ar rangements with— FOUR COUNTY AGRICULTURAL CREDIT CORPORATION DUNN, NORTH CAROLINA whereby they will loan money, on proper security, for crop production purposes at less than one-half of one per cent per month. There will be no stock to buy in the Corporation, no inspection fees to pay, as is necessary when borrowing through other lending agencies. See us at once and let us explain our money-saving plan more fully. Spring Hope Oil Mill “FARMERS FRIEND” Spring Hope, N. C. C. W. LASSITER Agent We can serve you from our cotton gins I ocated at following points—Castalia, Momeyer, Emit, Bunn, Wendell and Knightdale. QUALITY FERTILIZER—ALL MAGNESIUM LIMESTONE FILLER JOSEY FERTILIZER CORP. • and JOHNSON COTTON CO., Inc. Wilmington Dunn Get in Step with the Money-Making Fanner by Paying CASH for Your Requirements al Lawyers Guild in Washington, Senator La Follette urged a Gov ernment investment program that would give work to the ‘‘eleven mil lion unemployed men and women in the country and utilize the billions of unemployed dollars in its banks” 1 MDI m'H.ZfO&ACCOf* (My FOUR BROTHERS AND I HAVE BEEN PLANTING ) / / S TOBACCO FOR 20 YEARS. CAMEL PAID TOP < / $ ( PRICES FOR EVERY POUND OF MY LAST CROP )/ I \THAT WAS TOP GRADE. I DIDN'T GET ANY SUCHtI I ( PRICE FOR THE REST OF IT. IVE SMOKED CAMELS ) I V FOR 17 OR 18 YEARS -1 KNOW THE QUALITY J ( THAT GOES INTO ’EM. I SEE MORE PLANTERS 0 ! | V s aWOKIN' CAMELS THAN ANY OTHER I A ,gEN who grow tobacco know who buys the \ if] MR. JOHN iVI choicest leaf. Year in and year out, they have / C WALLACE JR. seen Camel bid and pay more for choice lot after /Wt fj successful choice lot. So, they know what they’re doinft when planter for theychooseCamels.lfyou’renotaCamelsmoker.try /§ 20years them. Camels are a matchless blend of finer, MORE /. Jj J Vg/J EXPENSIVE TOBACCOS-Turkish and Domestic. "WE SMOKE CAMEIS “ BECAUSE WE KNOW TOBACCO' - GooD NewS We will do your repair work, sell you any chair, table, stool or bed we make, and take your farm produce at market price for same. We still have some large PORCH ROCKERS FOR $4.95 Zebulon Chair Factory .... A three-week steady rise in cotton prices reflects the curtail ment of cotton acreage from 34,- 383,000 to 26,384,000 provided for in the new farm act as announced by the Secretary of Agriculture.
Zebulon Record (Zebulon, N.C.)
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Feb. 25, 1938, edition 1
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