Newspapers / The Elkin Tribune (Elkin, … / Nov. 25, 1937, edition 1 / Page 3
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Thursday, November 25, 1937 — Washington, November 23. All branches of the Federal Gov ernment, Legislative, Executive and Judicial, are giving serious attention to the problem of how to relieve private business from the strains Imposed by too much Governmental restriction and tax ation. The sudden slump in busi ness activities came as a surprise to many Washington officials and a shock to all. For political rea sons, no less than economic, it has alarmed those who are concerned with election results and who are Come In Today And Ask For Details About The New SIOO RADIO We Are Going to Give Away FRIDAY, DECEMBER 24,9 P. M. See The Beautiful New GRUNOWII-TUBE RADIO In Our Window YOU MAY WIN IT! A. & Z. Store / Next To Basketeria Elkin, N. C. Elk Theatre West Main Street Elkin, N. C. Thursday, November 25 "ON AGAIN-OFF AGAIN" ' With Wheeler and Wolsey Rhythm Adm. 10c-25c Friday-Saturday—Matinee and Night 808 STEELE in 'THE RED ROPE" Frank Buck Serial—Clyde Comedy Adm. 10c-25c Monday-Tuesday Next Week— - jjaßgljl ■Si ! |J$,& '/ Waretr Bret' smU*-i-minut« hit, sUrrinf Added: March of Time Adm. 10c-25c Wednesday—Matinee and Night— TIM M c COY in "GHOST PATROL" First Chapter "Tom Mix" Serial ' Admission 10c to All Coming Soon: Cagney's "Something to Sing About" • ■ 7 keenly aware 'that all the Con gressmen and a third of the Sen ators must stand for re-election in less than a year. Something must be done before then to start the wheels of business and indus try rolling again. POWER COMPANIES ON SPOT The problem of how Govern ment can help business has even reached the supreme Court In one of its phases. In response to rep resentations that the electric power companies were ready to 'spend several billion dollars in ex tending and Improving their ser vice, provided Government would refrain from competition and in general ease up on the restric tions which make capital timid about utilities investments, Presi dent Roosevelt said he would favor such a course by Govern ment provided the power *com panies would readjust their rates in accordance with the actual in- THE ELKIN TBIBPNK. ELKIN. NORTH CAROLINA — —— vestment in their plants, Instead of on their replacement cost. The practice of valuation of utilities at what it would cost today to build their plants, ,and basing rates upon the Interest return on such valuations, has been upheld by the Federal courts since 1889. But now a case has come before the Supreme Court, in which the Federal Power commission asks that body tD decide that a Cali fornia electric company must re duce Its rates to the basis of the money actually invested in its business. Should the court find for the Government, It would be a rever sal of previous Supreme Court de cisions, bat 1( would open the door for the carrying out of the President's pledge to cooperate, with the power companies, and so | put it up to them to make good on their assurance that they are ready to spend a lot of money and put a lot of men to work once the Government eases up on them. CONGRESS WEIGHS BUSI NESS "RELIEF" As an aid to business and in dustry, in general, Cong} teems to be greatly impressed' n the j desirability of lessening the tax burdens on corporations and on the earnings of private capital, to; encourage wider investment and, business expansion. It seems a safe prediction that some measure of relief for business will be en acted at this session of Congress, before it gets around to the first item on the President's program, j farm relief. The belief of most, experienced observers here is that i it will be Congress, not the Presi dent, which will decide what to do first and how to do it. FORKERS' MONEY TO FINANCE WORK Action by Congress is not need ed to carry out a broad plan ofi cooperating with business and capital in trying to stimulate the building industry. There is al ready sufficient authority in the laws creating the Federal Hous ing Administration and Recon struction Finance Corporation, to enable the Administration to put into effect a plan of not only in suring loans by private capital to finance new building construction, but also making direct loans of Federal funds to organizations engaged in financing building projects. The latest plan under serious discussion is that the mon ey collected In income taxes on the wages of workers, under the Social Security Act, instead of being mingled with the Treasury's general funds, should be ear marked for building loans. This would put workers to work with money contributed by workers,, and that seems to many persons here a Just and equitable way to use the Social Security fund. LABOR SQUABBLE DISGUSTS CONGRESS A strong reaction is noticeable in Congress against any plan for regulating hours and wages of la bor by Federal law, unless the Labor organizations are prepared to quit their position of opposi tion to any legislation which would place them under respon sibility equal to that of employers. There are many indications that Congress is less inclined to one sided Labor legislation, and somewhat disgusted over the quarrel between the two big La bor organizations, the Federation and the C. I. O. Both organiza tions have lost a great deal of their political prestige and in fluence in the past few months. Much criticism is being levelled at the Secretary of Labor, Mme. Perkins, for her failure to recon cile the differences between the two wings of Organized Labor. Both sides in the Labor contro versy show so little confidence in her that, in any other system of government, she would be forced to resign. The personal friendship of Mrs. Roosevelt is believed to be a strong factor in her retention in the Cabinet. BUDGET BALANCING A QUESTION That the business recession will put a damper on any effort to reduce W. P. A. spending is tak en for granted here. More men out of Jobs means more relief ex penditures. That will make it so much more difficult to balance the budget for the fiscal year 1938. The determination to do that is strong, both in the White House and on Capitol Hill. How it can be done is another question. It would require, keen analysts say, higher taxes and curtailment of Federal expenditures, in ways which would be politically risky. The budget cannot be balanced unless the plan of increased cash subsidies to farmers is abandoned. New Federal power projects would have to be dropped, there could be no reduction of H. O. L. C. in terest rates, and no great now projects for direct spending of Government funds. How far Con gress and the President will see alike on specific curtailment of Federal spending is a question. 66 6 v v v FEVER Uquid, Tablets first day Balve, Nsse Drops Headache, 39 minutes Trr M Rub-My-Tism"-Worid*s Bast Liniment SELLS MATCHES FOR $lO EACH Smooth Talking Salesman Fleeces Wilkes Court Crowd of SIOO DOES IT LEGALLY, TOO North Wilkesboro, Nov. 19. An itinerant salesman who boast ed that he was the world's best salesman and could prove it sold burnt matches for ten dollars each to people in a crowd on the courthouse square in Wilkesboro one day this week at court recess. In the one hour that he stood on his small truck and did the selling it was estimated by by standers that he fleeced people in the crowd of at least SIOO. But It was all done in a most legal way and without misrepre sentation by his sales chatter. He started out by selling empty box es at one dollar each and told the 26 who purchased them that they were empty. When they found some shiny articles in the boxes they were well pleased and he went ahead with five-dollar sales, which were pen and pencil sets. He wound up his selling by buying three matches at 25 cents each from persons in the crowd and selling them at ten dollars each, after making them absolute ly worthless by striking them. He did not promise anything else for the ten dollars. After fulling this deal he asked more than a score of persons what they would do with the mon ey under such circumstances and they gave varied answers but none suggested that he give it back, the usual answer being that they would stick it way down in their | pockets. He said howevcff, that he i was going to use the money for a worthy cause—for the benefit of widows and orphans that his wife was a widow and that he was an orphan. The astonishing angle to the whole affair for those who did not play the sucker role was that GET UP NIGHTS FLUSH KIDNEYS WITH Juniper oil, buchu leaves, etc. Make this simple test If passage is scanty, Irregular, smarts or burns, have frequent delsre, get up nights or if kidneys are slug gish causing backache. Use Juni per oil, buchu leaves etc., make into little green tablets called Bukets to flush the kidneys. Just as you would use castor oil to flush the bowels. Help nature eliminate troublesome wste and excess acids. Ask any druggist for the test box of Bukets. Locally at Turner Drug Company. Operate* on AC and DC [JT SCHICK Electric Razors Turner Drug: Co. Elkin, N. C. inn "Station FIRE broadcasting you tune in on this pro-am see PAUL CWYN INSURANCE Phone 258 West Main St. Elkin, N. C. ■ i i i he actually took the money and made them like it. Not a soul among those fleeced raised one word In protest, notwithstanding the fact that he "rubbed it In" by telling them to carefully keep the matches said tell their grandchil dren some day that they paid ten dollars for a burnt match abso lutely without value. Bad Egg Helen —I understand Elsie's fi ance is supposed to be a dread fully bad egg. Bertha—So that's it. I've won dered for a long time why she didn't like to drop him. _ 0 American family pays $34 per year j for my services in their homes. The average taxes * paid by each family is approximately $480.00 per 1 4 year. If taxes were reduced 8% the public would save more than enough to pay for all the electrici- I ty they use in their homes each year. J Your Servant, y_v Reddy Kilowatt \Cf) DUKE POWER CO. V m hJ m y V ■ Bffll I ■ A ■ HARRIS ELECTR^^^^ Phone 250 b Plumbing and Heating GENERAL ELECTRIC REFRIGERA TORS—WASHING MACHINES RADIOS ELKIN PLUMBING AND HEATING CO. Phone 254 EUdn. N. C. TRIBUNE ADVERTISING GETS RESULTS!
The Elkin Tribune (Elkin, N.C.)
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Nov. 25, 1937, edition 1
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