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PAGE SIX THE FRANKLIN PRESS and THE HIGHLANDS MACON IAN THURSDAY, SEPT. 27, MM Roosevelt Expected To Make Statement Soon on Policies (Special to The PrM-Maconian) I Learn From Experience WASHINGTON, Sept. 26. Look! It must be set down as a fact for some sort of a statement shortly 1 that the Administration as a whole from President Roosevelt designed learns from experience. Mr. Roose- to reassure business and industry that the profit system is not going velt has been the first to admit that some of his experiments haven't to be abolished and that there is I worked out, just as he was frank nothing to worry about. Those in close touch with the President and his intimate advisers say that he intends to make some such utter ance shortly. This, coming on the enough to announce at their in ception that they were purely ex periments. So there is ground for the belief that the re-organization of the NRA and the easing up of heels of reassuring statements by i its more onerous burdens upon in Cabinet members and others, will'dustry, which has been discussed be intended to offset the rising freely for some time, will actually tide of dissatisfaction with the methods of the Recovery program. How far, any statements from any source can go in that direction re mains to be seen. There is a strong belief here, shared by many of the more conservative members of the Administration, that Wash ington does not yet realize how deep and widespread the demand really is for radical changes in the program. Leaving political and partisan an gles out of consideration, for most of the serious criticism is not partisan in its origin but comes from source all over the country which are uffering economic dis tress because of what they believe are impractical theories, there is little or no personal criticism of the President. On the contrary a hope amounting almost to belief is that when he fully understands the sit uation he will use his powerful leadership to set matters right. Industry and Agriculture There was nothing political in the secret meeting at Hot Springs, Va., of 150 of the nation's foremost in dustrialists a week or so ago at which the whole New Deal was discussed and a constructive pro gram of amendment to the present set-up was agreed upon. How much influence that may have no body, of course, can predict. But with business in general getting no better, and with prices rising and wages being forced up while prof its disappear and reserves are van ishing, it is not at all surprising that many of the big industrialists take an extremely gloomy view of the situation. Reports of disaffection among the farmers in many regions over the AAA program are coming into Washington in increasing volume. There is probably more concern in high Administration quarters over that than over the plaints of the industialists. The fact that Under secreary Tugwell has gcrre to Eu rope on an "inspection trip" of two months or more is taken in in formed circles here to signify that he is on his way out, and that his theories will no longer control the AAA. take place. It will take time to unscramble the eggs, but this Administration is nothing ff not optimisic, and busi ness men in touch with matters here are becoming more hopeful that free competition, which has al ways been regarded as the "life of trade," will come back, although on, perhaps, a higher ethical scale. Al so, with reservations permitting "cartels" or similar combinations in industries in which competition is not based upon variations in the product. Needed Banking Reforms One great reform which seems to be on the way will involve fun damental changes in the banking system as a whole. It is no new discovery that the banking system in the United States is the worst in the world; economists and bank ers having been saying that for forty years. The recent conference of Govern ment financial departments and bank examiners has resulted in placing the principal responsibility for bank examinations with the Federal Deposit Insurance Corpora tion, and instructions to examiners not to order loans thrown out where the interest has been prompt ly paid, even though there has been no reduction of the principal. This and other changes are expect ed to improve the bank credit situa tion, though probably not as much as the Government desires. A tightening of Federal control over all bank credits seems inevit able, and plans which are shaping for a central bank of issue to supplant the Federal Reserve and exercise many of the functions of the RFC and the Comptroller of the Currency may provide the means for backing up the "man aged currency" program of the Ad ministration. The Labor Situation Look for much more serious and impartial consideration of the La bor situation this Fall and Winter It is too soon to predict what the attitude of the next Congress will be on this or any other question, but in the Administration the feeling is growing that the free hand granted to organized labor has not proved entirely a success. Much study is being given to the way in which England and Australia have handled the labor question, which has been a matter of Government concern in those countries for many years. The principle of making labor or ganizations as responsible as em ploying corporations, by requiring them to incorporate and so become subject to the same sort of Govern mental regulation as industry is un der, is being given a good deal of attention. There seems to be a strong probability, in any event, that Federal laws defining "justifi able" and "unjustifiable" strikes, the right of picketing, prohibition of intimidation and punishment for lawlessness will at least be pro posed. , Cattle Sale AT FRANKLIN Wednesday, October 3 ALL CLASSES OF CATTLE TO BE SOLD Bring Early Wednesday Morning to Yards at Railway to be Weighed, as Sale Will Start Promptly at 11 O'clock Buyers from Many Sections To Be Here To Buy Cattle, Sheep and Hogs Sale Conducted on Same Plan as the Ones at Asheville and Clyde For Additional Information See Bob Davis, Bob Patton, or the County Agent Cartoogechaye The farmers in this section are getting over their fall work. Mr. and Mrs. Bill Gunn and lit tle daughter, Tomesy Lou, from Georgia, were in this community visiting relatives last week. Mrs. Tom Southard and grand daughter, of this section, were visit ing Mr. and Mrs. J. C. Sanders, of North Skeenah, Sunday. Mrs. Keener, of Atlanta. Ga.. was visiting her daughter, Miss Maude Keener, who is teaching in the Allison-Watts school, last week-end. Frank Southard and Richard Led ford made a business trip to Mur phy Friday. Miss Virginia Roane, of Rainbow Springs, was visiting relatives last week-end. Lester Southard, of Franklin, was in this section on business Mon day. Mr. Crapp, from Georgia, was in this community Monday. Corvin Nichols, from Hiawassee, Ga., was visiting relatives in this section last week-end. Crawford Reunion To Be Held September 30 The annual reunion of the Craw ford family will be held at Rainbow Springs on Sunday, September 30, according to an announcement by Gilmer L. Crawford of Franklin. Memorial services will be held at the reunion for all members of the family who have died in the past few years. The principal speakers will be Col. Thomas H. Crawford, of Blue Ridge, Ga., and George T. Love, of Morganton, Ga. T ! .. in announcing pians tor tne re union Mr. Crawford urged that all members of the family and connec tions be present, pointing out that since the completioni of surfacing on highway No. 28, the site for the annual family meeting is easily accessible. Well's Grove Louise Culver left last Wednes day for Sarasota, Fla., to spend the winter with her uncle and aunt, Mr. and Mrs. Bob Carrauthers. Oberia and Edna Snyder, of Cor nelia, Ga., spent the week-end at Franklin. Mrs. Elizabeth Holt, who has been spending some time in High lands with her sister, Mrs. Edwards, returned home Saturday. Mrs. Addie Phillips has gone to Brevard to visit her son, Tom Phil lips. Mae Jennings was in Franklin Wednesday shopping. Clara Elliott is visiting her broth er, Fred Elliott, for a few days. Harry and Bill Cunningham, Hel en and Mildred Daves, and Janie Donaldson went to the Indian Fair last Thursday. Allie Ray, the daughter of Rufe Ray, is very sick at her home near Franklin. Norman Y. Chambliss, of Rocky Mount, is getting his ducks in a row for a week's entertainment of North Carolinians at the State Fair. As secretary of the fair last year Mr. Chambliss made it show a profit and eliminated many objec tionable features of former expo sitions. . i NOTICE TOWN TAXES The 1934 Town Taxes are now due. By paying before October 1st you will get a dis count of TWO per cent: before November 1st ONE per cent: before January 1st V2 of One per cent. Taxes must be paid. Pay now and save money. TOWN OF FRANKLIN Geo. Dean, Clerk WOULD YOUR TIRES STOP YOU IN TIME? GOODYEAR ALL-WEATHER 43 Longer Non Skid Mileage . . . No Extra Cost. DOUBLY GUARANTEED 1. Against road hazards. 2. Against defects for life. smsss Skidding cause of 5 times more accidents than blowouts becomes more dangerous as winter approaches For quickest stops buy "G-3" Good yearsproved safest by 8,400 tests When you must suddenly jam on your brakes, averting an accident often is a matter of inches. Well, stop tests on slippery pavement show: on smooth tires you slide 77 farther, on other new tires you slide 14 to 19 farther than on new "G-3" Good year All -Weathers. That's the Goodyear Margin of Safety a big reason why more people buy Goodyears than any other tire. Since it costs you nothing extra, why not have this margin of safety on your car too? wn GOODYEAR SPEEDWAY Built with Super twist Cord. A life time guaranteed Goodyear full over size with Center Traction for quick stops and tough thick tread for long mileage. Value you get because Good year Dealers sell the most tires by millions! We Carry a Wide Range of Sizes in Stock NOWI THE NEW TYPE "H" GOODYEAR ALL-WEATHER TRUCK BALLOON Designed for fast over-the-highway service on tracks and trailers. Now you can expect sensational results. Phone for salesman. Prices subject to change without notice. State Sales Tax, if any, additional. LOG CABIN MOTOR CO. Shell Galosine PHONE 114 J Reliable Repairs FRANKLIN, N. C. 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The Franklin Press and the Highlands Maconian (Franklin, N.C.)
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Sept. 27, 1934, edition 1
6
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