THE ELKIN TRIBUNE
Published Ev«ry Thursday by
ELK PRINTING COMPANY, Inc.
Elkin, N. C.
THURSDAY, OCTOBER 28, 1937
Entered at the post office at Elkin, N. C., as
second-class matter.
C. S. FOSTER... JPmkhw*
H. F. LAFFOON Secretary-Treasurer
SUBSCRIPTION RATES, PER TEAR
In the State, $1.50 Out of the State, S2.M
If Edward really wants to know about
housing in this country all he has to do is
park by the side of the road and watch the
trailers go by.
Whoever said that "east is east and west
is west and never the twain shall meet," cer
tainly wasn't as optimistic as Frank Han
cock, who means to make 'em.
An exchange says: "A committee is
composed of important persons who, singly,
think they can do nothing, but together
agree that it cannot be done." Yes, and
more than likely they leave the chairman
go ahead and not do it.
Both Have the Same Problems
Negro farmers in the eastern part of
the State have their own farm agents, and
the records show that they are following the
counsel and advice of these men who are
able to help them chart their course to high
er ground, agriculturally. The same cannot
always be said of the white farmers in every
section of North Carolina.
O. H. Evans, Negro farm agent for
Craven county, offers argument and figures
that could as welt be applied by white farm
ers in other sections of the State. The av
erage scrub cow in Craven county, he says,
eats $4 worth of good legumes and dairy
feed per week and produces only $3 worth of
milk and butter. But a fairly good cow
giving three gallons of milk a day and four
pounds of butter a week, eating the same
amount of feed will net her owner a profit
of $25 a month.
But he thinks the more important way
to look at it is to consider the value of milk
and butter to the family, especially the
growing boys and girls. A scrub cow will
not give enough milk to supply even a small
family with the milk and butter it needs,
but a good cow iwill do the job well and give
the youngsters a chance to grow into fine,
sturdy men and women—and at the same
cost of feeding and maintenance. Two cows
will provide milk and butter for an average
family and a small surplus to sell, which
means that the family will have a small ad
ditional source of income.
Those are facts that no farm family can
afford to ignore, whether the farmer hap
pens to be white or black. And it is encour
aging to note that the State is making pro
gress in definitely fixing these advantages
in the minds of members of both races.
However, it is found necessary to approach
this objective through the 4-H club boys and
girls, presumably because they are more re
sponsive to good suggestions than their eld
ers who are set in their ways and more in
clined to follow in the tracks of their dad
dies. These youngsters of today are to be the
farmers of tomorrow, and if they can be
made to see the advantages of a new ap
proach to farm problems, the State will be
the winner in the end.
Within His Legal Rights
Following the failure to settle labor dif
ficulties at the Kansas City plant of the
Ford Motor Company, Harry Bennett, per
sonnel director, in charge of the entire Ford
Company, announced that Ford was "all
through" in Kansas City.
What he meant was that the three thou
sand workers in the Kansas City plant would
be without jobs; some of the officials would
be transferred to other pay rolls, but in the
main the workers would be left with plenty
of time to reflect on the cause of their idle
ness which was brought about by their
discontent. And others in other Ford plants
would have their warning. For has not
Henry, Ford declared that he will have no
part or parcel with labor unions? And will
he not shut down other plants as readily as
he has shut down this one? >
That is one of the things that labor
must face in its battle with capital. And be
cause of it labor should first make certain
that its demands are justified before it
makes them.
Mr. Ford is within his legal rights, if
and when he decides to close his plants. And
it should be remembered that he could junk
every plant in his far-flung industrial em
pire, and even though he lived another cen
tury could not spend all the money he has
earned. He is under no obligation to banks
and no one can say him nay if he decides to
lock his doors and throw the key in the gut
ter. ' ' •" '
And by such action would affect not
only the laborers in his shops, but through
dealers and other business relationships
would reach into every cross-roads commun-
ity in the land to disarrange the economic
life of the nation.
And that is a lot of power to place in the
hands of one man, but it is a power that or
ganized labor cannot discount as it goes
about the business of bidding for more fa
vorable conditions of the workers—if that
feally is what it is after.
Mr. Ford is within his legal rights, yes,
but not within his moral rights. He is but
the steward of his accumulations, after all.
No man or set of men should be permitted
to gain such power and hold and exercise it
at will. There should be boundless oppor
tunity for individual prosperity, but a mark
beyond which its ultimate power cannot go.
Stock Market Nervousness
Experts in the ways of finance have not
been able to explain satisfactorily the recent
gymnastics of the stock market. Those who
find it expedient to look at it that way,
blame this nervousness on administration
policies that have interferred with corpor
ation profits through surplus and undivided
profits taxes.
But the stock market got the jitters
because of unloadings, and it stands to rea
son that the stockholder was the beneficiary
of these laws because they were designed
to force corporations to distribute their
earnings and not tie them up in holding
companies and withhold them from the
rightful owners.
But be that as it may, it is hard to ex
plain away the fact that stocks have been
going down and down and down in the face
of every evidence of the prosperity of the
very concerns they represented. Here are a
few facts that furnish a conflicting back
ground for this nervousness:
Up to the end of September corporations
hjid paid out a little over three billion dollars
in dividends—the largest in six years, and half
a billion more than last year . . . More than
seven hundred corporations have been able to
pay up old accumulated dividend deficits on
preferred stocks and nearly eight hundred
have been able to pay extra dividends . . . Sep
tember dividends were the largest paid by cor
porations since 1930 ... In spite of strikes and
labor difficulties the motor companies paid out
much larger dividends than last year . . . Pur
chasing power is still high, impaired only to
the extent that high prices have impaired it.
Yet all of a sudden there is a stampede
to unload holdings of stocks in these con
cerns. It doesn't make sense.
Some have charged that there is a con
certed effort to discredit the administration.
We don't think so. Big business is hard
boiled and more concerned with the profit
dollar than politics, although there are times
when it doesn't appear that way.
It is barely possible that the answer
comes through the process of elimination.
One day's fluctuation of the stock market
showed heavy losses that were mcfre than
regained before the ticker stopped ticking.
In other words somebody started buying
when prices were favorable, and many a
small investor lost his britches. Find the
buyers of big blocks of stocks at low prices
and you will have at least a part of the an
swer.
Budgets and Taxes
Last week President Roosevelt gave an
accounting of the nation's financial status,
revealing that while the gross deficit this
year will be the smallest since the budget
went out of balance in 1931 it still is a whop
per of a deficit—sß9s,24s,ooo.
Two hundred million of this is to be
used in paying off debt, leaving a net deficit
of $695,245,000, which does not comfort a
great deal.
Not long ago President Roosevelt gave
assurance that the budget will be balanced.
Congressman Doughton, through whose
committee national revenues originate, says
the administration will undertake to put the
financial house in order. Jesse Jones, RFC
chairman, says he "knows beyond doubt that
President Roosevelt is determined to balance
the budget." Senator Kellar says the bud
get will be balanced next year.
But what concerns the taxpayers
which means everybody in the United States
for practical purposes is whether the bud
get is to be balanced through increased tax
es or reduced government costs.
President Roosevelt has announced
that the pursestrings on outlays by both
PWA and RFC will be drawn tighter and
that no further commitments will be made
by these major spending agencies. That is
encouraging. It will give local government
units and community pressure groups a hol
iday in which they can think of something
else than holding an itchy palm to Washing
ton. And a general curtailment of expendi
tures would aid tremendously in bringing
about a balanced budget.
But there will be no balancing so long
as the clamor for federal handouts continues.
Time and again Mr. Roosevelt has indicated
that there would be a tightening up, and it
seems to be a favorite pastime to chide him
because this is not done. Yet the fact re
mains that Congress has overridden his veto
of measures that would have saved the na
tion millions of dollars, and right now is
preparing to enact legislation for the relief
of Southern cotton farmers and other agri
culturists, that will serve to dig deeper into
the federal treasury.
How then, pray tell, can the nation's
budget be balanced as long as these demands
are made ? The only answer is: more taxes.
And we don't need to kid ourselves into be
lieving that these will fall upon any should
ers except our own, for no matter whaft the
source they are passed on the common herd
to pay.
' rv'xM?? T' - "■ ■ -"' T "' - ':.t:- ■: ■\
THE ELKIN TRIBUNE. ELKIN. NORTH CAROLINA
FIRESIDE
PHILOSOPHY
(By C. M. Dickson)
It is possible for a person to
have a chronic case of "fogeyism"
and call it a conviction.
Life is as mysterious today as
was when tiniest insect first made
its appearance upon the earth.
A "reed-shaken -by - the-wind"
kind of man is a liability in
whatever locality he may dwell.
Inconsistency, at least not
being "able" to
I raise one child,
I but being able
I to keep a car
I and a poodle
I dog.
There's lots
I of good preach
■ ing done out-
BB] side the pulpit.
An angel with plumed wings
may singe them until he cannot
fly.
Yes, the remains of a gnat can
be cremated and its ashes buried
in the grandest of mauseleums.
It is so sad to look into the
starless firmament of eternity!
To an extent, the lustre of a
diamond depends upon the way
it is shined.
A goad has to be used when
other means fail to accomplish
results.
A man should be a man, but he
should never get grown.
Comparatively speaking, real
"sports" figure little in evangel
izing the world.
Instead of stooping low, the
man who is humble reaches high.
It isn't reasonable that healthy
bodies can be built on unhealth
ful food. v
If there is no receptacle in
which for it to abide, the spirit
can abide in no man.
There is a marked difference
between a mere "trailer" and a
real follower of the cross.
It's real funny to watch a fellow
try to relax when he has never
been in a "Coil."
Says the Bible, "No man can
serve two masters." But a master
can use more than one servant.
Gossip? Just the product of a
wagging tongue.
If Jacob were buying birth
rights today, he would probably
go into the wholesale business.
As modern girls and boys seem
IP
. , \ . ,• ■ ,
— ■ ;
c 3{alh'we f en fitters / by *A. B. CHAPIN
'■' • 3
to plead the "statute of limita
tions" in regard to parental au
thority, they are evidently much
wiser than they used to be.
The efficacy of a forced obed
ience to law is somewhat like a
scared religion, it falls far short
of its ultimatum.
The greatest character is he
who reflects his life through oth
ers and at the same time makes
himself stronger.
ST. PAUL
Rev. Mr. Lewis, who was recent
ly elected pastor at St. Paul,
preachced his first sermon Sun
day.
Mr. and Mrs. Dock Macey of
Fieldale, Va., sbent the week-end
here with the former's mother,
Mrs. W. E. Macey.
Mr. and Mrs. Marvin Mathis
spent the week-end in Jonesville,
with the latter's sister, Mrs. Con
ley Haynes.
Mrs. Tillie Denney is spending
sometime in Winston-Salem with
her sister, Mrs. Laura Davis.
Leßoy Swaim of Yadkinville
was the guest Sunday of Hugh
Walker.
Mrs. Omar Walker and little
daughter, Barbara Jean, spent the
week-end in Winston-Salem, the
guests of Rev. and Mrs. ,D. C.
Swaim, the latter her sister.
Mrs. Warren Macey is recover
ing nicely from a tonsil operation
at the Harmony hospital, her
friends will be glad to know.
Mrs. Walter Wellborn and son
spent Friday near Yadkinville,
visiting her parents, Mr. and Mrs.
Marion Hinson.
Mr. and Mrs. Clay Macey were
the guests Saturday of Mrs. Mac
ey's mother, Mrs. Vina Swaim,
near Jonesville.
Mrs. W. E. Macey has returned
to her home here from Pieldale,
Va., where she spent sometime
with her daughter, Mrs. Rose Per
ry, who has been quite ill.
MINE RIDGE
Rev. Ford Walker of Union Hill
filled his regular appointment
here Sunday, delivering a very
inspiring message.
Mr. and Mrs. Tommie Sidden
of State Road spent Sunday here
with the latter's parents, Mr. and
Mrs. J. H. Norman.
Mr. and Mrs. Paul Norman of
Thurmond, spent the early part
of this week here with the latter's
parents.
We are sorry to note the illness
of Mrs. L. C. Lowe, who was sud
denly stricken last week and
rushed to the Chatham Memorial
- -
Thursday. October 28, 1937
hospital. We hope for her a com
plete recovery.
Misses Lessie and Hessie Luff
man spent Sunday with Miss Unia
Norman.
Mr. and Mrs. George Snow and
small son, Jackie, spent Sunday
the guests of the latter's parents,
Mr. and Mrs. Jim White near
Pleasant Ridge.
Messrs. Jones, Coy and Char
lie Carter, of Roanoke, Va., visit
ed here Sunday.
HERMAN GUYER BUYS
INTEREST IN STORE
Herman Guyer, well-known
young man of Elkin, has recently
purchased a half interest in the
Young Men's Shop, recently open
ed here by W. B. "Dock" Holle
man.
Mr. Guyer has taken over the
management of the store, which
handles men's wear exclusively.
He has had much experience in
this type of business, having been
associated with a number of Elkin
stores prior to his purchase of an
interest in the Men's Shop.
Tailoring Drew Making
All Kinds of Sewing
Mrs. C. W. Laffoon
Elk Spur Street Phone 119-K