Newspapers / The News-Record (Marshall, N.C.) / Feb. 10, 1928, edition 1 / Page 1
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r flHE NEWS-RECORD M AA ' PRICE A YEAR $UJJ n.- ppocressive FARMER UinitAN COUNTY RECORD "J Established June 28, 1901. FRENCH BROAD NEWS Established May 16, 1907. Consolidated November 2, 1911 'THE NEWS-RECORD (PO OC iurer; 1? .yr.;jk MARSHAIX; K C.. FRID rEBRliARY 10, 1928" . . -rZ:,: ' ' liT i ClORF THAU POIZES BY fflGHSCHOOL STUDENTS IN MADISON 4 COUNTY TO ENTER (JONTEST SEVEN PRIZES $5.00 EACH; SEVEN PRIZES $2.50 EACH Mr. A. W. Whitehurst, cash ier of the Citizens Bank at Mar shall and Hot Springs, is offer ing $52.50 in prizes for the best essays by high school students in Madison County, the essays I to be written from, seven ar ' tides to appear in ,the Newt- Record in the next seven issues. The first of the seven appears this week headed, "What Is Wealth?" The outline of the story is given first and a splen : did. discussion follows. From this article a many students as will may write essays. The one writing the best essay will re ceive $5.00 in gold. The writ er of the second best will re ceive $2.50! Next week ah' er article will be published. The same prizes will be offered for essays on jthat wtfc& fn ! on for sever Weeks ' jn ftoM the contests as they will. Un less as many as five enter, the prizes will not be awarded. It will be a fine exercise and the student may gain valuable in formation, whether he wins the prize or not. We hope that quite a number will enter. Following is the article : WHAT IS WEALTH? ( Published by courtesy of American Banker Association) OUTLINE NO. 1 (High School Series) T. Wealth A. Definition B. Classification 1. . Natural resources ' 2. Homes and shelter 3. Foodstuffs, raw materials, tools, machinery, finished products, et cetera 4. Systems of transportation 5. Systems of communication 6. Savings deposited in banks C. Factors determining the wealth of a. nation 1. Aecomplishments of former generations 2. Industry and character of the" people 3. Education D. Creation of wealth 1. Land 2. Labor 3; Capital ' 4. Business intelligence II. Exchange of Products A. Barter stage 'L " Exchange ' of ' commodities ' and services for other com ' modities and services 'Limitations ' ' -' - a. ' Finding someone who has - - ' what you want and who e wants what you have . . , b. Unequal values Of moditiea ' . com- B.' Money atage Ancient w """"-j i -" r-j.t.- - ma iitrr .ks money ' a. High value in proportion to weight' " h. Durability ! lyurauufvjr Easily coined and readily recognised" v' '-' rr .i;.-r:. . . . d.h DeslrmbUtty, for eommerc- Ul purpose T " 1 " ' tflii MUoaa,f one5 ; ?if $50.00 THE CITIZENS BANK ' " I ' " a. Medium of exchange b. Measure of value ' ' 4. The gold standard a. Parity of gold bullion and gold coin g. Redemption of other forms of money in gold C. Banking and credit HI. Summary and Conclusion Tk. word "bank." wherever sed, refers alike to trast companiee, etate banks, and national banks in short, to all banking institaiioas fclf commercial departments. The Nature of We rere is no vrorfrxWimr&mt language that is more, generally misunderstood than t h e w o r a "wealth Wealth is usually associat- jed with the rich. This is a serious mistake. Wealth consists of every thing useful to individuals and soci ety. It would require si ! great many volumes to enumerate alj the things that have usefulness or utility. The following general classification will include many of the more important items: Fimt Land, water, timber animals and mines constitute the -t! ? source of all foodstuffs and raw materials flor manufac turing. Second Houses, barns, factories, warehouses,, stores,, and. pf- -:-f . fice. baUdingB-f urnisii Bomes ' animals, nd yplsHEifi Jtt-the manufacture and .distribu tion of products, Vf ' V Third Within each ' jktiilding will be found furnishings, f iod stuffs, raw materials, tools, machinery, and finished products. Fourth In the country and city a vast network of highways, streets, railroads, street railways, canals, and rivers furnishes the means for moving people and products from place to place. This widespread system of trans portation, including locomo tives, cars, motor vehicles, horses, wagons, and boats constitutes a most impor tant part of our wealth. Fifth- -As we walk along the street or highway, we see that houses and business places are connected with the tele phone and telegraph and that electric light, heat, and connected over power are wires to residences, stores, and factories. Beneath the city streets are gas and w ter mains. - Sixth Thousands of banks throughout the United States receive the deposits of individuals-and with, them serve the community. We will later see that bsnks ... . . manufacture credit, - the most important requirement of modern business. All these things and many more make possible what is known as civili zation. Expressed in .terms of. mon that the wealth of th United States is three hundred bClion dollars. Wealth 'constitutes in part the ' work' of many generations and represents the energy and resource fulness of a people. In saying this, one is brought face to face with the fact that the industry, and character of the oeonle vresent the most im portant items in JT appreciation of a nation's weal tn. Many countries jiike -China and , Russia.' have.gremt natural 'resources, . out .nave wrgeiy failed to develop th lano, build rc- - - ' WM.AeV ftss.ls.i'nt-r.jl flML. ' VJv'i tnrlM Miistruct .rsilroacti ind.nro- Jmote to the degree found in the U- ! nited SUtes and , Westeray Europe. This has not been th riult of small j,, . 'one hundred million and Chin mere fthari ?ote ' population, lor Kossis nas mors xnan .v. j- i" ine reason xor ne wow . eolri;ls U--hf 'hill j Sir,; hlilrU vlllu :v,U..;..;ito;;, i a ot luuniwrcnAV wvrwiwn HEOE Hants. We are now in a position Mi understand the vision of our fore fathers in making education the cor- nerstone of this republic. .' HOW Wealth I. Cwatid There are four factors that entet ha8 ,erved tt an officer ot the W othmg ol wtt was ac 5ntn t.h nroduction of all wealth-! - . ... 1 ! 1 K land, labor, capital, ana ousiness ir, telligence. Land is a primary factor insofar as the earth represents the creation of man's habitation and the source of all raw materials. Labor is also a primary factor because wit .f u . hnmn wilderness. It i. -i i-w-u. i,.f laKn without is KiBu tieoiijr . r ; land is helpless. But an even mor. important conclusion is to be found m the fact that a human being with, out the use of his mind, usmgvomjUjW, frtii!akerts president, and Dr his hands, has never been able tJjX N. Moore, secretary of the Socie above a condition of savagery. Pnnw j::. Durmir the time they have servi itive man soon learnea mat .Dynnue.ajM officew the two physicians have OI a Dow ana arrow or oWU .a 1 i se-M..' much more game or fuel could bo ?P Idal work for the Society and for the talned than was possible worlnnt idncement of med5caI prfrfes. with hU hands alone. The bow and.-, , ... r D- Roberts is arrow or the stone ax was the prim luve man s cspiuu. - T.i .. Tltta no a 'fflnl h. ginning of capital. In other anitl rrtnaiSLS OI .11 uiose , - . .. ;4 that help man m greater proaucwonj it is the result of industry and' sav inc. Business intellicence may be con sidered the fourth factor in the pro? duction of wealth. It organises land,- labor, and capital in such a way s to get the very best results. .1 Success depends ujwn ability tilPt Ipndl its best uses, to hire tne moat WPf" -i -nA t obtain' the' nropex i.iUh toAlk.. maehmerv and. raw . j . ' 4-tink ti LaltrvatetOo' oeh; lndiia-ttisW3 OI niS capital wvi pwfv jt- manufacturer may have the wrong location, ' considering markets and transportation. Homes must be eare- fully managed, for the housewiie s business intelligence is also a factor in the production of wealth. When n Rnothecarv receives a prescription from a physician, he proceeds careful ly to fill the order. Every item ot this prescription is painstakingly measured, weighed, and labeled in order that its purpose may be fulfill ed. This is exactly what th careful business man should proceed to do: Every item of capital, land, labor, ana administration must be measured in order that the article may be produc ed with the greatest economy. The Exchange of Products We have already seen that wealth consists of everything useful; that all wealth results from labor working with capital in the forest, mine, fBC- tory, or on the farm; and that busi ness intelligence directs and organizes these economic factors. But in or der to produce wealth, it is necessary to obtain materials, buildings, and machinery, and to hire labor. The i farmer must have seed for planting, machinery and tools for tilling the soil, and farm hands to do the work. Likewise, the manufacturer of steel must build and equip a plant, obtain . .nnl anil tim.otAn. Qltt Am. iron ore. coal, and limestone, and em ploy thousands of laborers! When the farmer's grain is harvested and the steel is manufactured, these prod ucts must be placed in the hands of people who have use for them. In ether words products are all the while jfceimr exchanged. r exchanged. Th. modern busi- .world speaks of such exchange as marketing- It is evident, .that the fM-mara. laborers, and manufacturers ,. . , , r ; . -r tory value before they will part with VT1UX1. sTK SB BUUiCUllllK Ui nrSKVnflASJSV- their products for service. The qus- tion naturally prsents itself: Under what conditions and by what means are these goods and services exchang ed? The Nature and Limita tions of Barter There have been three stages in the exchange or marketing of prod ucts. Th first is known as the barter tat-e. where commodities and labor art traded for other commodities or 'other erriees.5 When America was KU "JLSJtf'T OMAN DOCTOR ELECTED OF MEDICAL BODY - - t ... ' jxv. t- . iunlty Hospital, at White Rock, was i ur. r.vi uiaa. u uie ijmuthi vjuui- eted president of the Madison Co. Fiar I VVVsCbJi . : L k weH known is Modi - CountVf having been connecteai HoK ita, for 3 . R ,,inftwn JomB M 'hall vhyaic waa eect. Dr Ditmore TeM L.L. . .....i i ,w ... ... . : Fennsvivama, ana is connectea Community Hos- fW. d Ditmore succeed -tkseomDMshad a srreat deal of benefi Si - " - ' o the County.. pjoneer physi- IT t ' ' . ... - i.ns. and in addition to his medical Irifictice, is president of the Bank of l-ov v r, j rtvnKu oxunu. KIAN0NTRACK;0NE i i . UG GUARDS BODY, ND FLAGS TRAIN G. C. Clark. Wadena farmer, ewes rw;. Hf t M.rlnn Trera nd Freck- I . ljut Mnndav Afternoon. ' Jnn.J I W .'ViTi. J AL3L.K''li t&LJLii:i.kS - 9Hgwmm raiirowj uaufcocviiH iiiiics iiwm home. He fell unconscious between the rails Treve sat down beside his body to see that no harm came to it while Freckles dashed madly up the track. A quarter of a mile distant, a train was approaching. Freckles created. such a commotion that George Crafty fireman, warned William Luther, his engineer, that he feared there was danger ahead. ' Luther slowed down his train us(tu he saw an object dead ahead on the1 track. Then he brought his train trt a stop. Treve was still beside the body and looking around to see what rinj-k's hndv was Dlaced aboard the't. train and Treve and Freckles climbed into the seat on either side of hirm, When the train stopped at Wadena; an ambulance was called and Mr. Clark, still unconscious, was plC?d in it and sent home. i 1 Treve and Freckles sat beside him. When the man was taken inside Jlis awn home. Treve and Freckles ceased their vigilance and started frolicking in the yard. .'M ', Treve is a white Scotch coUie; Freckles is a coach hound. Mr. Qhipk has raised them from puppyhood ajid j t-.hev co where he goes. Charlotte Observer.. JUDY'S PRIDE TOBACCO SEED THESE ARE THE RESISTANT SEED Mr. Jack Staliard of the R. J. Ray- noWg Tobacco Co., asked Judy's rMf' . . rnnkis-nnumti r . . . tudyv Pride Tobacoof .' - . m t vlthe Boston shoe repair shoo at No. 8 seed ior aisinouwun. v. t a t 1 J.S. n . lae ' I fcnAMI AT.IMaailll . S-lM v.M WIS v aMV vwsusuu w ; U19 nWeU w U9 ACg lObCI VI. www flcfc th. -price 0f these seed will be 75e and 11.60 per package, u youi want them. Seed guainteed .;i)yiwr w Judy himself. Judy's Pride is thfl- juay nimseu. ujiiib Zil . k-.f ti.. tahii. fv... i vj .j is mosUy bought by R. J. Reynolds Tobacco. Co. .No name appears on the genuine Judy's Pride sealed pack- k.tWL' number this and took the package over before yeuj ' Very truly yours, 'YS ; j WILL ROBERTS.U1 Aavertisement. , : '" - -va.-.v ' ''.',., Anyway? athfTUtWi WPsWV- M nhraVa 4no 'wfttfr xH toiNgWin, DOCTORS ENJOY FINE DIN NER AT NEW CENTRAL I uswri nvst-s. The meeting of the Madison Conn we cannot say. We can Central Hotel. Possibly due in part "";"" i. j V Vw h.lf Jo , d weather only about hlf ysicmns of the County were pV06emt: Those n charge invited some Marshall citizens who co.i quamy a, aoowrs on.y a, jne amner However, they were glad for one .time in theur lives to be classed with ', . . . fTtZSTlSS of ef atthe TNe ntral Hotel, of J; f"'"? tress. An elegant dinner was well served to Drs. J. N. Moore, Frank ' Roberts, W. A. Sams, Harry Ditmore; Dr. Eva Locke, of White Rock, and Dr. Robinson of Mars Hill, and the following doctors of dinners: Guy Roberts, Steve Roberts, John Hen dricks, Eugene Rector, and H. L, Story. PARENT-TEACHER MEET PLAN TO PUT ON "WOMANLESS WEDDING" The Parent-Teacher Association met Tuesday afternoon at the school "'" "AianPidn)g. Mrs. .Wade Redmon,. Vipe- President, presided, ine entertain- ment program (Dy ine parents mis time) Was OWy. partially carriea out, UinM lifiinar abaent. Rev. Mr." CoX.' ."f- -rrirr ... - L f ollowing tnis a weu-renaerea auev was played by Mrs. W. C. Rector and Mrs. C. M. Cage. Following this a vocal duet by Mrs. Coleman Ramsey and Mrs. W. C. Rector was enjoyed. The president called on the men for speeches, Rev. Mr. Cox and H. L. Story Responding. The business was then taken up, the minutes of the previous meeting being read by the secretary, Miss Mamie Tweed. From the box supper held in January, more than $77.00 was received. The next matter claiming the attention of the Association is staging the "Woman- less Wedding." A committee was ap "Dointad to take this matter in hand, - The meetinsr then adjourned to the (sewing room, where refreshments iwere served by the class of Miss Cad dell, Domestic Science Teachr. 10WDEN ENDORSED FOR PRESIDENT 23 REPUBLICANS AT GREENS BORO SIGN PAPER FOR LOWDEN Will Roberts of Marshall Among . w Number At the meetinsr in Greensboro this week of the Republican State Execu tive Committee, 23 signed up as sup porters of Lowden for the presidency. Amonir the number was Mr. J. Will Roberts of Marshall, who was also put on an important committee from the ninth district. Raleigh wa3 se lected as the place for the Convention and April 11 was made the date. ARROT QUICK IN RETORT . ; AVIA, N. Y. Employes of - .... - - j"nsh story" to the average man. They v...., v.. i OI "3 f"" Bireei' wno " ? V ., . ...... it j van, and it is about the bird that Ithe story hanes. Th employes y i they have been wabk to make the bird talk at all, although he is known .to converse fluently, in apamsn. . iney say wai r"" wno pe- op.. WTI .v....-,. . a pairrof reputation, she spoke to it in jjuiu, t. Ployes, the Prrtf stirred, looked,. around, ,and said m r' , T-CharlotU .Observer. BAPTISTS GET BUSY AND OFFER CHALLENGE The attendance at the Union j Prayer Service of the Metho (ha8 gr0wn from about 20 to 161 in 5 or 6 weeks. A contest be tween the two denominations has resulted in this sudden in crease in attendance. The Baptists Wednesday night decided to lay down ft challenge to these two denomi nations that they would aver age as many at prayer service the next six months as the other two denominations. The chal lenge was accepted and great interest is being shown in get ting everybody to attend pray- Wr service. SUNDAY SCHOOL CONVENTION AT HOT SPRINGS, N. C. The Madison County Sunday School Convention for number nim fnwnshin will be held in the Presby terian churqh Sunday morning, Feb. 19th. All Sunday Schools m numbeg 9 township are most earnestly re quested to be present Interesting speakers will De on aw nnurram. Be sure to come. WARREN T. DAVIS, .Township Pres. Madison Co. S, S. Ass'n. SUNDAY SCHOOL CONVENTION AT MARS HULL, N. C. - The 1 Annual Township Sunday School Convention for number 15 township will be held in the Baptist rk,k of Mts Hill Sundav at 7:30 o'clock P. M. A very interesting pro gram has been arranged. Hon. Don Young and Mr. Walker of Asheville, N. C. will make the principal address es. They are well posted on the Sunday School work and you will mist a treat if you fail to hear these gentlemen. DR. J. H. HUTCHINS, Vice-Pres't, Madison Co. S. S. Ass'n. SUNDAY SCHOOL CONVENTION AT MARSHALL, N. C. The Annual Sunday School Con vention will be held in the Baptist church at Marshall Sunday morning, Feb. 26th, 1928, at ten o'clock A. M. All the Sunday Schools in the town shin are earnestlv reauested to be present. We have arranged for some of the best speakers to be obtained to make the addresses and we hope that all the Sunday Schools in the town ship will be present for this meeting. Come and bring someone with you. J. COLEMAN RAMSEY, T. S. Pres't. Madison Co. S. S. Ass'n. MARSHALL MAN ARRESTED DEPUTY SHERIFF IS FATALLY HURT IN AUTO ACCIDENT Deputy Sheriff John Bailey of Uni coi County, was probably fatally in jured and Sheriff W. H. Buckner and two other deputies were bruised and shaken when their automobile parked on the roadside near Erwin, Tens was struck by another machine driv en by L. B. Ciaville of Marshall, M. X. Bailey suffered a fractured skoH. -w. v. -. - ciaville was arreeted and placed . : HB1IB1T nlTHI S rHf I km iraCLUrHl BKUU. aer Dona cnargea. wwo recaiem urv mg. -Asneviue lausenv. A STRANGE COINCIDENCE At the New .Central .Hotel Monday evening, a man and his wife register ed from Chicago. A few minutes la ter another man and wife from Chi cago came in and registered,' noticing that the ones just above had register ed from Chicago. They introduced themselves to one another and came to find out, they lived in three blocks of each other in Chicago but had never teen1 one another until they met in'lianhalL' -?i " 77 r .'.i.V
The News-Record (Marshall, N.C.)
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Feb. 10, 1928, edition 1
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