Newspapers / The Pilot (Southern Pines, … / Jan. 30, 1931, edition 1 / Page 2
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Page Two THE PILOT, a Paper With Character. Aberdeen, North Carolina Friday^ January 3q 193]. Tup P I I fl X price is made by will- “ “ i 1 iJ \/ 1 I ingness to buy, and either by the rrr;—r . buyer making a bid for what he ^ !will buy or by accepting an of- determines the sale, and Aberdeen, North Carohna | NELSON C. HYDE, General Manager | seller. And when the buyer re fused to buv stocks went to BION H. BUTLER, Editor JAMES BOYD STRUTHERS BURT RALPH PAGE Contribnting Editors their present low levels after the wild orgy of buying by the buyer put them up to their high fig ures. It was not the value of stocks Subscription Rates: One Year $2.00' that put up the prices, but the Six Months $1.00! craze of buyers to buy. Buyers Three Months 50! are not coming into the market now as wildly as two years ago, Address all communications to The Pilot, Inc., Aberdeen, N. C. Entered at the Postoffice at Aber deen, N. C., as second-class mail mat ter. OUR AMERICAN YAMMERLAND but informed men with money are buying stocks pretty freely because it is believed the r)ur- chase will return a profit on the money. It is a different type of I men that is buying now. But I even at that men will lose money i on their purchases as well as I make money, for no one can t?ll Reading the papers, telling the j what the stocks of corporations GRAINS OF' SAND story of the Legislature, of Con gress, of the sins of Hoover, the president, of big men who con duct big business, of the men who look after state affairs, county affairs, of minor matters, of everything conceivable, would incline the average man to think he lives in a land of graft, thie\ are to earn. Much is heard about the Reynolds tobacco stock, but anybody who wants to buy it can get it in open market any day. Men who hold Reynolds stock are offering it every day, and men who want it are buying it every day. Those who regard the stock as a good investment ery, dishonesty, disreputability,; can buy it and earn from it the of crooks and connivers, or same dividend that any other everything that is to be deplored holder of it earns. The same way and offensive and unholy. i with Carolina Light and Power, From the stuff that papers | which is criticised more or less are filled with there is not a^as a robber corporation. Same righteous man in Congress, in | way with Pennsylvania Railroad the Legislature, in authorit^^ or Southern, or Coast Line, all anywhere. Not an upright man, good railroads, and generally view last Sunday: we are behind them. has a thing to do with business anywhere. The president is a rogue, and the secretary of the treasury is watching but one thing, which seems to be to feather his nest at the expense of the people and the nation and his fellows. Some folks actually believe some of this piffle, and the most of the people thrive on it. Two men can meet on the street and work themselves into a fight if they talk very much along lines that have to do with the action of government or of public of ficials. Employers are slave driv ers, and we dynamite the houses of men who want to work when the union tells them not to. Pub lic utilities companies are rob bers, tobacco manufacturers are thieves, the stock market re cruits its population from Gehen na, and so on to the finish. Pick the best man in the com munity and mention him for Congress and he at once auto matically becomes the most con summate knave in the district. Elect him and his criminal rec ord is complete. Jails and peni- eaming their dividends, but sometimes paying but small re turns. Their stocks can be bought any day, and it looks as if the prices are low at the pres ent. But nobody knows whether they will pay their dividends con tinuously or not. Nobody knows whether any corporation will earn money to pay its divi- I dends, and if they do not they | can not pay. Buying stocks in i any corporation is taking a chance. It may brings big money or none at all, some years big dividends, some years nothing. Only a limited number of people get rich from their dividends. Some few do, but the most take | a chance that is hardly safe for; those who cannot afford to lose. Corporations are not the sure earners of money that many folks think. “Mr. Burt’s latest novel has many ^ xu• „ . . For the first time in history this commanding qualities. To it a wise ^aro- reader ought to brmg a sense of va>-; ues, mature judgment and a willing sympathy. This is not a trivial novol for a railway journey of two hours. If you happen to recall the terms laid down for the Pulitzer Prize Award (terms which some of the committee appear to have conveniently forgot ten) you will perceive that Struthers Pi e-eminence among tobacco states Burt ha^ given us a novel which com- too much acreage is in plies with 90 per cent of the requir3- | tobacco for satisfactory prices. menis originally laid down by the ! donor.” ^ good many of our fellow editors seem to think the Wickersham report 500,000,000 pounds of the golden weed in one season. Estimates place this season’s sales at 535,000,000, as against 498,593,000 pounds last seas on. INCOME AND OUTGO Two ways of making an ac count balance, two ways as old as old as the earth, are to make the income equal the expenses tentiaries hold no such depraved or to make the expenses stay men as we pick for our public ser- dow^n with the income: They vice. All the rogues behind the bars in all the United States are not held up to public condemna tion anything like as much as the limited number of men who are connected with the adminis tration of government. More mean things were said about A1 Smith and Hoover during the both arrive at the same point in totaling both sides of the ledger page. In recent years we have been fed up on a pretty delusion call ed the high standard of living. That is an admirable thing for some purposes if it can be main tained, but to maintain it the Things are working about 100 per much “sham.” cent hereabouts. The Unemployment committee is It was warmer in the Sandhills providing employment. several days last week than in Flor- The police are catching criminaL-;. : ida. The sun is doing its stuff for th(‘ golfers, horsemen, et al. REAL ESTATE TRANSFERS And the northerners are pouring in The following transfers of real a^- And best of all, our bill for a tate have been recorded in the office statewide drivers’ license law has been • of the Register of Deeds of Moore dropped into the hopper at Raleigh. county: Would you ride behind a drunken Lillie Shepard to Walter Stanci!: locomotive engineer? Or a feeble- land in Sandhills township, minded one? Oran inexperienced one? Hugh A. McCallum and Sarah Mc- Theie is no law at present to keep Callum and Mary McCallum to Pine- drunks, half wits and incapable driv- hurst, Inc., land in McNeills town- ers off the highways. ship. Seven hundred and seventy-seven Frank G. Taylor and wife, Lee T. persons were killed on the highw^ays Taylor, to Pinehurst, Inc.: land in of North Carolina last year. More Mineral Springs township. Biot many A day about few months of their campaign i old balance is as^ necessary now than about any penitentiary not able that ever was locked up. Isn’t it funny, the way we look at the men we pick for office and the way we berate our govern ment, and the slight esteem we have for it in spite of the fact that we all stand up when the band plays the tune of “God Save the King,” which we have Vjorrowed and call “America. INVESTMENTS IN STOCKS In these hectic days of tax proposals the stock market and the corporation are steadily the synosure of many eyes, and a common opinion seems to be that | as a village, and, unfortunately as in the primitive days of our grandfathers—the income must i be up to the outgo or the out-1 go must be kept down to the in- i come. In public and private life I the American nation has forgot-1 ten that one necessity. We have borrowed money on all hands to increase our liigh standard of living which means nothing more or less than a high outgo. In private life we have bought far ahead into the future, mort gaging our income of tomorrow on top of paying our income of today which simply means that our outgo has been far ahead of our income. Our income as a state, as a nation, as a county. stocks of corporations are able to stand any burden of taxation as individuals, has been spent, and that which is to come in the because corporations roll in i future hes been spent, and now money. It might be helpful if more folks would look into the situation as concerns stock in vestments. We have in the last couple of wer are looking at overwhelm ing figures in red ink that tell us we have not kept our income up to our outgo, and that we have ijot kept our outgo down years come through a wild stock to our income, flurry. It is probably prettj^ well | We have happened to slip up settled now, but lots of^ folks I on our calculations. The income would like to see the prices of j has not only not kept up to the stocks begin to mount again. It | income of a year or so ago. The will be some time before that oc-' outgo in some quarters has to curs and for two reasons. The ontinue or foreclosure will follow , returns from operating corpor- j In state and national and county i ate mdustries will not inimed-'matters outgo has to keep up or! lately be as wild as was the (^a.se . repudiation will come. The na-! ow TliliiiCs to tliinliL about in «oimectioii with Blowoats At sixty you are going 88 feet a second. ❖ A Blowout gives no warn ing—it comes when you least expect it. Tire failure accidents are ten times greater today than a few years ago. ❖ ❖ It can take years to mend the damage done by a single blowout. With over 400,000 casualties 3^early due to tire faUures, nobody wants to gamble with safety. That’s why the new Blowout-I^oof Dual- BaUoon is sweeping the country. It*8 the sensation of motordom. Spectacular tests of the new General Blowout-Proof Tire have proved its absolute safety from the hazards of blowout. Safety in those split seconds when there's no time to act—no chance to avoid a crash on today’s crowded highways. GeneraPs patented Dual-Balloon construction gives you many other advantages-—the lowest pressure ever known—easy riding that challenges any comparison—and close-clinging, skid-safe traction for thousands of additional miles. Let us show you the patented Dua/-Balloon construction and demonstrate this remarkable Blowout-Proof Tire. We don’t be lieve you’ll hesitate when you get all the facts. of living, for the baker and the i trim our sails to the wind, for grocer and the gasoline man will | the wind ^^t accomodate not sell us mudh unless we j the sails. And this is Jio idle pungle. We have floated on the | bar room jest, either. It is the top of the wave of froth. Now, law of existence. If you cannot we hove to get off and walk a! make your income equal your piece until income equals out- outgo you must make your out go, and the sooner we do it the | go remain within the li^jt oi quicker we will be able to toy I your income. You can philoso- with old high standard some | phise over it all you want to. more. But it is not Max Gard- i These laws never change. Tears, ner or the legislature or any- i strikes, sweating blood, no de body but unchangeable economic I lusion or scheming will niake laws that tell us that we have | them different. High standard to make income and ontgo bal-1 of living works when it works, ance and if income will not do i It is a dead failure when outgo is it outgo must. We may as well j higher than income. GAMMACK & CO. Members New York Stock Exchange Pittsburgh Stock Exchange Main Offloe 39 Broadway, New York City SOUTHERN PINES—NEJW HAMPSHIRE AVENUE Telephones: Southern Pines 6751—Pinehurst 3821 “Why no Grains of Sand last week’’ | than 200 of these were children undej: comes a query. I 15 years of age. Well, the truth is ye ed was enjoy- | Six hundred and ninety persons ing a slight case of the w. k. influ- ■ were killed the year before, enza. Other states have found a drivers’ license law the best curb to reckless- We say “enjoying” because it gave ness on the highw'ays. Why not use us an opportunity to read Struthers every iprecaution to prevent the death Burt’s new book, “Festival.” It’s a of 1,467 of our citizens in two years? cracking good book, and we are not i Write your legislators demanding saying this because Mr. Burt is one passage of this bill. of our contributing editors. Nor ara we the only admirer of this latest of- Fortunately, both Senator John- fering from the pen of the Sandhills and Assemblyman Spence of author. Here is what the New-York Moore county favor the measure. But Herald Tribune had to say in its re- | -^vrite them anyway. Let them knov/ n 25 acres of the finest land for an Estate in this section. Located on the outskirts of Southern Pines, near Private School and the hunting country. This tract, sloping to wards the South and West, is the ideal spot for a home. For particulars, see EUGENE C. STEVENS Southern Pines, North CaroKaa PAE T. BM1, Inc. Insurance of All Kinds —At The— Citizens’ Bank Building Southern Pines, N. C. Successors To PAUL T. BARNUM S. B. RICHARDSON, INC. ♦♦ a ti H THE PAGE TRUST COMPANY, ABERDEEN, N. C. All the signs now point to a gradual recovery of business, although not rapid at the beginning. Everybody can do a part by giving the most intel ligent direction to his work, to his production, and to the utilization of his income and products. But on ourselves more than on any artifical con ditions or legislation or law^s depends the swiftness of recovery. Make the best use of your money, use your idle time in expanding your garden and little things about your place, and watch your outgo and plan f®r a favorable balance in your bank as fast as you can. Your account is invited by— THE PAGE TRUST COMPANY, ABERDEEN, N. C. Weymouth Heights The Pinetree Reservation for a period after the war, and what is more important, people will not wildly buy stocks agahi until burned fingers are healed. tion will not repudiate. It will i tax. The state will not repudiate, i It will tax and that is what is | trying the souls of the members i % to 11% T edi’ction on all tires. street and bobby burns SERVICE STATIONS No-Nox Motor Fuel—That GOOD GULF Gas G reasin^—Washing—Oiling ABERDEEN, N. C. This takes time. First and big- i of the state government now in i gest tnmg to realize in consider-, Raleigh. The county will tax u ^ stock market is that it is j and the towns will tax. In our the buyer of stocks who makes j private accounts we will knock he price. Nobody can sell stocks j a hole in that illusion that we unless somebody is willing to. have called the ^igh standard Last week Chief Pinetree, the head Sachem of the Iroquois Indian Nation, the Six Nations of New York, Pennsylvania and Canada, was in the Sandhills. Driv ing over the Weymouth Heights, and on the roads out toward Fort Bragg he was much impressed. At the bi^*' round timber of the top of the ridge near the Andrews new house he expressed profound admiration, and all along the various pine-lined drives in all directions. “The Pine tree,” he said. “Tall, powerful, its root- extending in all directions, covering the ground, giv ing shade and cover and beauty. It is a wonderful sec tion.” The old Indian, a boy in the pine forests of th North years ago when they were still in existence, ar preciated the pine forests of Weymouth, which are " near perfection as any forests now to be found. Home Sites among the Weymouth Pines. S. B. RICHARDSON Real Estate PATCH BUILDING Southern Pines. North Carolin THE BLO%V"OUT PROOF TIRC
The Pilot (Southern Pines, N.C.)
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Jan. 30, 1931, edition 1
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