Newspapers / The Elkin Tribune (Elkin, … / Dec. 9, 1937, edition 1 / Page 8
Part of The Elkin Tribune (Elkin, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
Washington, December 8. As nearly as anything can be cer tain which has not yet happened, Congress will repeal or greatly modify the taxes on undistribut ed corporation profits and on capital gains, and It will do this with the blessing of the White House. This relief for business, calculated to inspire confidence and induce capital to invest in enterprises which will put men back to work is regarded by all official Washington as the most essential thing to be done. That opinion is practically unanimous in both Houses of Congress and in t\ f\ (% COLDS 0 0 0 F E\TER Liquid, Tablets fl "* ** , „ . ..... „ Headache, 30 Salve, Nose Drops Try "Rub-My-Tism"-World's Best Liniment Eyes Examined Office: Glasses Fitted - The Bank of Elkin Building DR. P. W. GREEN OPTOMETRIST Offices open daily for optical repairs and adjustments of all kinds. Examinations on Tuesdays and Fridays from 1 to 5 p. m. By Appointment Phone 140 Radio Service BY AN EXPERT , RADIO SERVICE MAN Complete Line of Tubes and Parts Hayes & Speas (Incorporated) PHONE 70 ELKIN, N. C. fuSimiWMJm w 1 I It® 1 V ou// t*AH£ ADlv;f , a I I 'B S^S ISes SHriimHHSmBHI V O—wgll««or»tdw PITHOn, MICWOAN ; -" F-W CHEVROLET CO, Phone 255 Elkin,N. C Administration circles from the President down. If these tax reforms can be rushed through in this special session the result would be quicker in its effect in breaking the pres ent business depression, but in spite of the pressing need for such relief, Congress shows signs of not letting itself be stampeded into hasty action. Congressional mem ories are keen, and they recall that the undistributed profits tax is one of the New Deal measures which was rushed through under pressure from the White House. CONGRESS BECOMES WART This time the pressure comes from the entire business world, but Congress is apparently deter mined to proceed in an orderly manner and not to enact another law which in its turn will call for amendment or repeal In a year's time. The problem is not so much how to amend the tax law in that respect, though there are differ ences of opinion yet to be Ironed out, as it is to provide In the same general revision of the tax laws some other taxes to fill the gap in revenues which the proposed action would leave. On no question of legislation in years has such a unanimous pub lic opinion been disclosed as on this need of tax relief for capital. It has been expressed spontan eously and convincingly, and in all the more significant because of the speed with which it has developed. The public hearings conducted by Representative Fred M. Vinson of Kentucky of the sub-committee of the House Ways and Means Committee, who spent a large part of the Con gressional intermission in study ing the whole tax situation, are responsible for a great deal of the surprising public interest in tax ation. They are also responsible for disclosing Mr. Vinson to the pub- THE ELKIN TRIBUNE, ELKIN. NORTH CAROLINA Uo as a highly intelligent an?' level-headed statesman, with the result that the Presidential eye lighted upon when seeking a man to fill the high post of Justice of the Court of Appeals of the District of Columbia. Mr. Vinson has been appointed to that office and will take his seat on the bench as soon as he can clear up his Congressional work on taxes. BUDGET BALANCING MOVE As an earnest of the sincerity of his desire to bring the Federal budget into balance, the President has proposed a reduction in Fed eral appropriations for highways. All the major trunk roads are now in good shape, he pointed out the other day. and the farm to-market roads built by W. P. A. are about completed. The Federal highway appropriations have been running at around 200 mil lions a year and Mr. Roosevelt thinks half or less of that would be enough. In the effort to stimulate busi ness the President has given or ders to all departments to speed up the necessary purchases of all kinds of supplies for which ap propriations have been made. About $275,000,000 of goods, from cement to typewriter ribbons, are to be bought by Uncle Sam be tween now and June 30 when the fiscal year ends. If most of that can be put into circulation in De cember, January and February It is figured the effect on business and employment would be bene ficial. POWER CHIEFS OPTIMISTIC Much larger expenditures are in prospect on the part of the great public utilities as a result of recent White House conferences between the President and the heads of the big power companies. While there is as yet no official assurance that the Administration will abandon completely its policy of developing all the electric en ergy possible in the course of river improvements in aid of naviga tion, there are many indications here which have led the power magnates to the optimistic con clusion that they have no serious competition to fear from the Gov ernment in distribution of elec tric current. The heads of two of the larg est power distributing systems in the East and South announced after visits to the President that the way seemed to be clearing, and that their companies were ready to spend hundreds of mil lions in new construction and put thousands of men to work as soon as they receive definite assurances of Federal cooperation Instead of antagonism. BUILDING PROGRESS SLOW Progress is slower in the matter of stimulating building, but a feel ing of unusual confidence exists here that a way will be found of making it both profitable and se cure for capital to invest in build tng projects of all kinds, and here, again, there are assurances from those in control of huge sums of investment capital that they will spend it by the hundreds of mil lions as soon as a satisfactory plan of cooperation has been worked out. In all the discussion going on about ways and means to stem the tide of business depression, the first and major item of the roßram for which the President "ailed this special session of Con gress has not been overlooked, but is far from being agreed upon.' That is the Farm Bill with its provisions for crop control. It is a complicated and lengthy docu ment, which few of the members of either. House understand as yet. Nobody knows, so far, h§w much more the Agricultural De- i part mint's farm program would cost than the five hundred mil lions now available. There Is a bitter battle in pro spect over the quotas to be allot ted various products, and an es pecially bitter difference of opin ion about making quota allot ments so mandatory that farm ers may be put in Jail if they ex ceed their allotted production. If any farm bill at all is enacted before the special session rises, it will surprise most observers. 1 I NEWS FROM THE Dobson, December 8. The! Woman's Missionary Society of- Dobson Baptist church met on Monday evening with Mrs. C. W. Fowler, Miss Elizabeth Norman, President, presiding. Meeting opened by singing "The horning Light is Breaking." Program lead er, Mrs. D. T. Sparger. Subject, "The Syrians and Armenians." ' Mrs. Sparger grfVe a brief synop-! sis of the different phases of the j topic to be discussed. Those who contributed to the program were; Mrs. Howard Snow, discussing the; Syrians, Mrs. W. L. "Reece, the j Armenians, Mrs. Emma Mock, j Three Forerunners, and Miss Norman, Southern Baptists in the Far East. Miss Edythe Reece sang, "The Holy City," accompanied by Mrs. Grady Cooper. During the business meeting a collection was taken for the or- [ phans at Mills Home, Miss Lucky's name added to the roll of mem- j bers and plans laid for a rousing Christmas Lottie Moon fund. During the social hour the hostess served a salad course with fruit cake and and coffe. Decem ber or Christmas meeting will be held in the Baptist church on the 20th. The new post office building constructed by Grady Cooper has been completed and the post of fice equipment moved in. Mrs. Thedford Sprinkle has nice spa cious quarters as postmistress. The court house officials find the, new location more convenient for hurried mail. A squad of the CCC boys have been working in Yadkin, near Yadkinville the past week. Sidney Jones, Jr., spent Sun day with the family of W. L. 1 The Home Demonstration Club held a social in the Woman's Club House on last Thursday eve ning. Refreshments were served as a final climax. Wade B. Hampton left Wednes- I day for his home in Washington, D. C., going by way of Raleigh and Wake Forest to visit once again the friends of his school days at Wake Forest. He spent a week with his mother, Mrs. Em ma Hampton in Dobson. Mr. Robinson, an official of the CCC camp who has bepn suffer ing sometime with an infected tooth, is much improved and able to be out again. Miss Lillian Harkrader and Miss Helen Harkrader of Greens boro spent the week-end with Mrs. Harkrader at the "Kenlin Inn." Mrs. Jim Folger, who has been in the Mt. Airy Hospital for some weeks, has recovered sufficiently to return to her home. Mr. and Mrs. Franklin Folger of Elkin were Sunday guests of Mr. and Mrs. B. F. Folger. The twin children of James Bartley died last Monday and at, the same time an infant in the same home was a corpse. The three children were buried in the same grave in the cemetery at Low Gap. The twins, who were 2 years old. died of pneumonia. Mr. and Mrs. Manly Lewellyn and children of Concord were week-end guests of Mrs. Lula Lewellyn. Mrs. Sallie Folger returned Saturday after spending some days with her daughter, Mrs. Sam Poole, at Greensboro. A certain man whose name we dare not mention, was sitting on his doorstep at three o'clock one i morning, having just returned from a party, when the policeman asked him what he was doing there at that hour, the man re plied: "I've forgotten my key, of ficer, and I'm waiting for my children to come home and let me in." r- —w " "" ' : AUCTION SALE OF PROPERTY KNOWN Ag THE D. S. Adams Farm 3 MILES SOUTH-EAST OF ELKIN ADJOINING FALL | CREEK CHURCH ! YADKIN COUNTY o N Saturday, IA December IX 2P. M. |V ■ THIS FARM CONSISTS OF 74.10 ACRES. IT HAS BEEN DIVIDED INTO THIjtEE UNITS. EACH UNIT WILL Bfc SOLD SEPARATE AND THEN GROUPED TOGETHER AND SOLD AS A WHOLE. CONTAINS 1 FIVE-ROOM PRACTICALLY NEW HOUSE, NEW FEED BARN, 1 GOOD PACKttOUSE, 1 TOBACCO BARN, ETC. TERMS FOR INFORMATION One-Half Cash, Two Deferred Equal See J. S. Adams, Owner, Jonesville, N. Payments, One and Two Years C., or R. L. Lovelace, Elkin, N. C. 4 Good Road, Bad Road, No Road THEY ALL LOOK ALIKE TO PENNSYLVANIA V. C. CLEAT! V Here is today's outstand snow Hype casing! deeply * furnish powerful traction. A LONG MILEAGE TIRE, fully SELF- GLEANING, and its trac- \ tion is equally effective FORWARD or RE- M VERSE. ON SOFT ROADS t IN MUD, SAND OR ■ MUCK, V. C. CLEATS PULL THROUGH! M Free from rumbling on surface not bumpy! IjH Why take a chance when you can trade old allowance on vania Tire designed for your purpose? Our tires carry a written -" unconditioned iru&rantee! •See us before you buy. All Road Mud and Snow Available in We'll do business! Truck, Bus and Passenger Car Sizes SurryHardwareCo. ELKIN, N. C. f Thursday, December 9, 1937 j
The Elkin Tribune (Elkin, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 9, 1937, edition 1
8
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75