_____ ——
Published Every Thursday by
ELK PRINTING COMPANY, Inc.
Ekkln. N. 3.
THURSDAY, MARCH 24, 1932
Entered at the post office at Elkln, N. C., as
second-class matter.
C. 8. POSTER- I President
H. P. LAKPOON.. - Bccretsry/TrwßWf
SUBSCRIPTION RATES. PER YEAR
In the State, fl-SO  Out of the State, f2.00
For The Best Interest Of Elkin
Due to the fact that The Tribune feels that
the publicity given civic affairs in the form of a
series of paid advertisements is proving detri
mental to the town from a publicity viewpoint,
this advertising has been refused by this paper.
However, in justice to ourselves, we wish to
state that as regards the matter of judge of
recorder's court, we are of the same Opinion as
was set forth in our editorial of February 18 in
which we expressed the sentiment of this paper.
Revaluation of Property .
At least two candidates for the governorship
seem to be staking their chances on a clamor for
reassessment of tangible property, and they
would have us believe that this would go a long
way toward curing our economic ills. As a mat
ter of fact they know that talk about revalua
tion listens well, particularly with the landowner.
With land values considerably lower than they
were several years ago, and with taxes based on
this higher valuation, the landowner feels that
he is being discriminated against, and the of
fice-seeker who promises to do something about
it, gets his ear.
Regardless of who is elected governor, there
will in all probability be a reassessment of prop
erty next year. The last legislature committed
itself to this program. But many of us will be
disappointed in the relief it will bring. As long
as land is a source of taxation and expected to
bear its share of the burden, taxes will go up
and down with land values. If land worth one
hundred dollars an acre declines to fifty dollars,
the tax rate must double if land produces the
same revenue expected of it under the higher
valuation.
North Carolina statesmen should dedicate
their efforts to reduce the cost of government
whicn is being reflected so significantly in high
tax rates. Revaluation is not a cure for our ail
ments, and the public should not be deluded into
regarding it as a paramount issue. The relation
existing between revaluation of tangible proper
ty and tax relief for North Carolina, is not so
important as it seems.
Voted Wet And Meant It
■e
■m
~ wSBm it
w Hj| of
145 Congressmen, representing 43,000,000
people, asking for a chance to vote on a
question of public policy.
• "I am for letting the people vote on any
* question. If 43,000,000 want a chance to
vote they ought to have it, no matter wheth
er my district is for the particular proposi
tion or against it. On matters of policy I
will vote as I believe the Fifth district thinks
but when it comes to a matter of principle
I've got to vote my own convictions, and I
think the- people of my district are willing
for me to do so.
"The way to commit political suicide is
to try to fool people. I never lost out yet by
giving a straight answer to a straight ques
tion."
This is an evidence of frankness that should
commend itself to other officials, in Congress and
elsewhere. Not every representative is personal
ly dry, but they feel that to vote wet would be
but another way of committing political suicide,
and so they vote accordingly. One North Caro
lina Congressman admitted that he was in favor
of the resolutiqn, but didn't.think it would be
safe for him to come back home if he voted that
way.
We will not admit that Mr. Hancock was
right in casting his vote that way, but his brav
ery in facing the many, many difficulties that
may result from such vote, is indeed refreshing
when viewed in the light of tne usual jockeying
for political preferment.
Happy Warrior A 1 Smith has created a lot
of, unhappy worriers.—Washington Post.
i
One good tiling about hard times is that
even Europe doesn't try to borrow any more
American money.
a 1 1
The problem of agriculture, whether farm
ers believe it or not, is living at home by raising
fofwt and feeds instead of buying them.
The Bigness of Little Things
The recent suicide of Ivar Kreuger, head of
the Swedish Match Company, renews interest in
one of the most remarkable and successful
European financiers. It also gives occasion for
pause to consider the bigness of little things, be
cause from the manufacture and sale of matches
Kreuger was able to furnish cash to help finance
fourteen governments in need of funds.
Poland, Greece, Germany, Peru, Ecuador,
Esthonia, Latvia, Hungary, Jugoslavia, Rumania,
Bolivia, Guatamala, Danzig, and Lithuania were
states to which Kreuger loaned immense sums
of money at lower interest rates than could be
secured elsewhere. In consideration of these
loans Kreuger was granted match monopolies,
usually for a period of thirty-five years. These
monopolies made his loans profitable.
The Swedish Match Company increased its
capital in ten years from $10,000,000 to $72,000,-
000 under the guidance of this financial wizard.
His organization embraced ninety manufacturing
plants in various parts of the world outside of
Sweden, and controlling interests in the leading
match concerns of a dozen countries in Europe,
America and Japan. His loan of $75,000,000 to
France and $125,000,000 to Germany indicates
the extent of his operations.
It is hard to think of matches in terms of
billions of dollars in profits, but Ivar Kreuger
gave matches this standing, and then wearied of
it all and blew his brains out.
Bringing Results
The anti-hoarding plan fathered by Col.
Frank Knox of the Chicago Daily News, provid
ing for an issue of "baby" government bonds to
be offered to everybody in the effort to induce
people who are afraid of banks and other forms
of investment, to take their money, out of hiding,
is apparently bringing results.
These bonds are issued in denominations
that enables even the most humble investor to
buy. With the government back of them if they
are not safe nothing is safe, and even the most
timid among us have no fear of Uncle Sam. This
money, deposited with the government, is im
mediately put back in circulation, because the
government has less fear of banks than has the'
individual who is ever ready to question the
soundness of these institutions.
It is estimated that around two hundred
million dollars have been put back into banks,
bonds and other channels of trade, since the
campaign against hoarding was put into effect.
The procession of failing banks have about come
to an end. Railroads and other industries have
saved themselves from receivership by loans
from the Reconstruction Finance Corporation;
business credit is easier because of the Glass-
Steigall bill amending the Federal Reserve Act;
the last weekly statement of the Federal Reserve
board indicated a decrease of $22,000,000 in
money in circulation, which is accepted by offi
cials as being in part due to hoarders returning
their money to tfye banks.
When money and credit become less frozen
people will be able to buy; tjjere is still an enor
-1 mous unsatisfied demand for every kind of manu
evidence anu piutcuuic *» 111VU £/* V » M4IU
country serves to tangle justice in the name of
form. It is a disgrace to our profession, a dis
grace to our law and a disgrace to our institu
tions." William Howard Taft was noJess defi
nite in his criticism, PUH the same opinion has
been expressed by other eminent lawyers and
judges. But these leaders have not been able to
persuade their fellow lawyers to make the cor
rection. State and national legislatures have
been controlled by lawyers for the past half cen
tury, but proposals from judiciary commissions
have met thumbs down, when presented in all
seriousness of purpose.*
It cannot be denied that our citizenship is
often disgusted with the judicial process that
permits and encourages delays; with the various
and abundant technicalities anji red tape that
with increasing frequency defeats justice; our
courts operate through legal machinery that is
obsolete and confusing, and no less than an
appellate justice asserts that "unless something
is done about the administration of justice, the
public will revolt." v
Everyone is familiar with the long periods
of time elapsing between the beginning and the
end of lawsuits; the judge is free from any sort
of supervision in the interest of the public. Some
of them conduct, their courts in a business-like
manner, but a great many do not. There should
be the same brand of efficiency in our courts
that is demanded of our latter-day public utili
ty corporation; there should be the same check
up on the diligence, and output of our courts that
is required by well-ordered business.
If the American layman, like his British
cousin, is to bring about legal, reform, he must
first find his way into legislatures, national and
state, where the lawyer now predominates. There
is a definite sentiment favoring a change of the
rules of evidence and procedure in our courts
looking to less delay, fewer bewildering techni
calities and greater efficiency, and the leaders of
the legal fraternity, best able to make the
change, ought to get busy.
i !
PEOPLES' COLUMN
The Tribune does not necessar
ily endorse any article under thts
heading but welcomes at all tinier
commujiicat ions of interest to it*
readers and the general public.
AMERICA CAME THROUGH
When 169 railroads failed in 1893
John H. Patterson said:
"This year has been unparalleled
in the history of the United States.
Great questions were to be solved,
eyery industry was stagnant, some
closed down, some lost courage
while a few pushed ahead and
worked harder than ever with con
fidence in the future. We did not
let the hard times interfere with
our work. When times get duller
we advertised the more and worked
the harder."
When pig iron dropped 50 per
.Cent, Carnegie de
clared:
"This panic will soon run its
course and pass away leaving no
impediment, to the return. - in duo
season, of another period of whole
some, because needed expansion of
our resources. We have had the
greatest expansion of modern times.
Reaction had to come—will prove
healthful. Nothing can stay the
rapid prograss of the Republic. She
*.s alright."
When deep, dark gloom ruled in
1921 Thomas F. Ryan said:
"Our merchants have been buying
only what they can sell quickly for
cash. The consumer has had to
listen to so much pessimistic talk
that,he buys only what is absolutely
necessary. People everywhere have
been scared. They are getting over
that. Our people are the greatest
consumers of food and manufactur
ed articles in the world and normal
times are coming back."
In 1893 stark ruin stalked
through the land. 46,7 banks failed
in a few months. Mills, furnaces
and factories shut down everywhere.
Bankruptcy was on every hand.
America had twice as many unem
ployed per thousand population as
shte has todny. But she put them
all back to work. .
In 1907 panic broke loose. The
production of pig iron dropped 50 j
per cent, in less than a year. All
but the strongest men lost heart.
"We are ruined," they declared,
"recovery cannot come in our time.
Yet in two years prosperity had re
turned.
In 1921 when many honest and
thoughtful people wer#l predicting
worse conditions, the country was
already beginning to climb to the
greatest era of prosperity it had
ever experienced. -
History tells how America has
fought and won 19 major
sions. Good times always follow
hard times as surely as day follows
night. Prosperity always comes
back. It is coming back this time,
too. Above all things, let us have
faith.
America has beaten 19 major de
pressions. She will beat this one.—
A Reader.
Lake Magadl, 15 miles long and
four miles wide, in Kenya Colony,
S. Africa, is a lake of soda —there
being a surface crust of carbonate
of sod* crystals no thick thjat it ie
possible for a man to walk on it.
| Some statesmen think they can
divert the world's attention from
their own failures by pointing out
those of Herbert Heover. —Vienna
Neue Freio Fresse.
LOOKING
BACKWARD
12 YEARS
Interesting items from Tribune
files of 13 years ago. this week.
Mra. J. S. Atkinson Is spending
the week with relatives at Siloam.
Mr. and Mrs. J. F. Hendren spend
Tuesday in Winston-Salem shopping.
Mr. M. Q. Snow is in Baltimore
this week buying goods for the
Snow Clothing Co's. spring and sum
mer trade.
Mr. and Mrs. C. C. Polndexter..of
Winston-Salem, are spefiiJing the" 1
w«Bk with their parents, Mr. and
t LrPoindexter, in West Elk
in.
Messrs. Paul Reich and Joe Bray
are spending the week in Charlotte
where they are treading the "Hot
Sands of Arabia" in search of "more
light" in the Mystic Shrine of Ma
sonry.
One of the largest real estate
deals that has been made here in
quite a while was consumated last
Saturday when the Elkin Ice and
Lumber Co's. plant passed into the
ownership and management of the
Elkin Box Company. The combina
tion of these two plants makes this
one of the strongest firms in this
section, and where there are so
many "Church's" a successful busi
ness career is almost ~an assured
fact.
A beautiful marriage was consum
mated in the home of Mr. and Mrs.
R. L. Pbindexter, in West Elkin,
yesterday at two o'clock P. M., when
their youngest daughter, Miss Viola,
became tfc*. bride of Mr. Robert L.
Price, of Teiinesee. r--
On next Wednesday night, March
31, a concert will be given in the
auditorium of the graded school
building by "The Republican Male
Quartet" under the auspices of the
Epworth League. This will be an
attraction well worth your attention,
and you will never regret the small
amount expended for the two hours
of pleasure you will receive.
TWO ELKIN BOYS
SEEK SCHOLARSHIP
William R. Wellborn, Jr.. and Irwin
Wade Qualify After Examination;
Is Valued At *6,000
Two Elkin boys, William R. Well
born, Jr.,' and Irwin Wade, have
qualified fpr the Culver Military
Academy scholarship competition be
ing held this year in North Caro
lina. They reported on Saturday- to
Charlotte and Winston-Salem, res
pectively, for the preliminary ex
aminations. '
The scholarship is for three years
and covers aii exyeuoeo, including'
text books and uniforms and is val
ued at ffijOOO,
One hundred and forty-three
North Carolina ninth grade students
have applied for it. The winner
will he selected from those making
the highest average in the prelimi
nary examinations and will be given
a final examination on May 7th.
Thiifttlay, March 24. 19n
Explanation of the deficit: Too
maqy still untaxed and too many
untaxed stills.—Wichita Falls .Re
cord-News.
There are two kinds of people—
good and bad. The classifying Is
done by the good.—Bethlehem
Globe-Times.
Notice of Sale of Personal Property
t
Under and by virtue of a mechan
ic's lien as set forth in section 2436
of the N. C. Code, the undersigned
will offer for sale at public auction
for cash on Saturday, April 2, at
four o'clock, P. M., in front of the
City Limit Service Station, Elkin, N.
C., the following described personal
property, to-wit:
One Chevrolet Sedan, 1926 Model.
This the 22nd day of March,
1932.
3-3 lc E. O. JORDAN.
WANTS.
Young man desires to rent room in
private home with steam heat.
Addreas "Roomer" care TriUhfJf.;
ltc.
For Rent—Seven room bungalow on
Bridge street. All modern con
veniences. Dr. W. R. Wellborn.
The Maryland Bus will pass through
Elkin on April Ist. 3-24
For bale—Two Fordson Tractors in
A 1 condition. Andrew Green
wood. tfc.
Baby Chicks—At greatly reduced
prices. Pure bred, high produc
tion, disease free ROQIia? and
REDS at 10c each, White Log
horns 7c each, all delivered 100
per cent live, strong chicks.
Mount Airy Hatchery, Mount Airy,
N. C. 4-14
Men Wanted to conduct world re
nowned Rawleigh Home Service
business in counties of southwest
Surry, southwest Wilkes, cities of
Jonesville and Mt. Airy. Reliable
hustler cah start earning $35
weekly and increase rapidly.
Write immediately. Rawleigh Co.,
Dept. Richmond, Va.
3-24-p.
BABY CHICKS—Just the best Stat«
ljlood-tested Chicks each Tuesday
and Friday you ever saw. White
and Barred Rocks, Rhode Island
Reds, White Wyandottes, White
Leghorns, Buff Orpingtons, Cus
tom hatching: bring your own
eggs and let us hatch them for
you. Set each Wednesday. 3c
per egg. Bunch Poultry Farm ft j
Hatchery, Statesville, N. C. 5-12 c
Chattel Mortgages, Warrant-
Deeds, Deeds of Trust and J
Land Pesters for wile at Thrf
Tribune office.* tfc.
REAL ESTATE
For Sale or R«nfc—s room hot*e
with water, lights and Bewer, on
Elk Spur street.
For Sale —288 acre farm. 20 acres
good river and creek bottoms that
does not overflow. 700,000 .feet
of timber, oak, pine and poplar.
" % m U e of hardsurface road anil
consolidated school. Would ex
change for town property or sell
on good terms. Only 10 to 12
• minutes drive from Elkin.
Some J**! value* In property in Rile- E
In, jonesville and Arlington.
MARTIN'S!. Inc.