Newspapers / The Roxboro Courier (Roxboro, … / Aug. 10, 1939, edition 1 / Page 2
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U. S. Lending Still Heavy Despite Recent Bill Defeat Federal leading will not by any means come to an end with the defeat of the big new lending bill in Congress, a record of present agencies and their funds reveals. As a matter of fact, a survey indicates that Federal agencies have over $1,600,000,000 available fcr loans in the present business year. Many of the same agencies are those touched by the defeat ed bill. The chief difference is that their funds have not been enhanced as the bill would have done, and that their loans cannot be made on exactly the same basis as urged by the President. The big lending bill would have made $2,800,000,000 avail able as originally reported, but' this would have been over a period of years. The amount pro posed for the present fiscal year would have been very much smal ler. Here is a list of loan possibili ties still at the command of the Government for purposes similar to those proposed by Mr. Roose velt: The Reconstruction Finance Corporation can make loans up to $1,360,000,000. It was the con tention of Jesse Jones, Federal Loan Administrator, that the RFC could already meet many of the proposed Roosevelt demands that helped sap strength from the big ger bill. Export-Import Bank—s44,ooo,- 000. This money can be used for the same purpose as the SIOO,- 000,000 proposed in the bill—to make loans to foreign govern ments to stimulate United States exports. Rural Electrification Adminis tration, $40,000,000. Farm Security Administration —5199,000,000. This only begins to tell the story. Several hundred millions also are available through the regular crop loan program, but are not included because com parable loans were not planned under the defeated lending bill. Addition of the lending authority of such agencies as the Farm Credit Administration and Com modity Credit Corporation, how ever, would add more than sl,- 000,000,000 to the total lending authority available. o ■ Carolinas Cannot Rest On Laurels, Engineers Told Asheville, N. C.—The Carolin as cannct rest content as a mere scenic wonderland but must take their rightful place in America’s economic picture, S. P. Vicker of Raleigh, general sales manager of the Carolina Power and Light Co., declared in an address here a| the annual convention of the North Carolina Society of Engineers. “To jllow rich resources of the Carolinas to remain unused would represent an economic waste,” he asserted. “In this great country, each section must con tribute to the welfare of the whole. Very definitely there is a tendency among all classes of manufacturers to seek plant lo cations as close to sources as materials as possible. Today, when operating economies are imperative, manufacturers are seeking more and more to locate where materials are readily ac cessible and finished products can be distributed with minimum ef fort and expense.” , Backed by an experience of 27 years in the engineering profes sion, Mr. Vicker, who has super vised the construction of power projects in North and South America, urged his fellow VICTORY An order by a nation-wide gro cery chain for 2,500,000 flour bagp. was bailed recently by the Cot-, ton Textile Institute ae a ‘‘major viotary” to a campaign to boost borne consumption of ’ ' Roman Fire Laddies Practice Rescues i b yiy «bl flit ' A second Nero would have little chance to fiddle While Some horned.’ These young, men, members of the Roman fire department, are shown at their Italian training camp as they practice rescues with scaling Udders. The fire-fighters carry out their drills as if they were engaged in military operation. ‘Ours,’ Sisters Shiout I gt S*?v When officials of Rockville, Md., dedicated the city's new $77,000 post office they encountered difficulties. Mrs. Elizabeth Wimsatt of Washing ton, D. C., erected a warning sign, declaring that she and a sister were among eight heirs of the former owner of the site and had received nothing from the government. After I much wrkngling, the ch’cf of police persuaded the ailamant e V;ieis to leave the properly quietly, engineers to be alert in speeding the industrial as well as the agri cultural development of the two Carolinas, and also urged them tc be on guard against the “ap peal of cheap labor” in the parts they play in furnishing the in .’ustrial growth of the two states. “The extent to which the rivers and streams cf the Carolinas can be harnessed for the development of electric power is not, for the moment, a matter of grave con cern—first, because the present power supply is adequate for im mediate industrial growth; and next, privately-owned utilities have never permitted a shortage cf power, and if allowed the prospect of a fair return upon We sell Eye Glasses to sat isfy the eyes $2.00 to SB.OO THE NEWELLS Jewelers Roxboro, N. C. There Are Advantages In Buying COAL now! * You will buy it cheaper! * You will get freshly mined coal direct from the car! * You will have less breakage from handling! * You will be insured against a shortage next winter! In Short—Buying Coal Now Is The Smart Thing To Dot Central Service Corporation' 2 PERSON COUNTY TIMES ROXBORO, N. C. the capital invested, will conti nue their policy of anticipating, requirements and building in advance of demand,” he added. Touching further upon the re lationship of power to the de velopment of the Carolinas, Mr. Vicker added: “Os much more importance is the fact that sound development depends upon sound business. Privately-owned public utilities are dependent upon wise investment and efficient opera tion for their very existence. They become citizens—part and parcel of every community they serve—contribute to local govern ment —engage in local activities —support local trade—they build for local permanency and en courage local sound growth.” Supporting his contention that the Carolinas are due for further industrial growth, Mr. Vicker pointed out to the engineers that the Carolina Power and Light Company maintains an agricultur a' and industrial development department, which functions with State and city officials, Chambers of Commerce and other civic agencies in the bringing of new industries to the Carolinas. Serv ices of this department are avail able to any comunity served by Ms company, he added. o DANGEROUS Mere persons are killed in the course of farm work than in any other industry, reveals the 1939 edition of Accident Facts. NOTICE I will exchange feeds of any kind to the farmers for oats and will allow you $1.25 per hundred pounds. I will also exchange flour. R. H. Gates Depot Street 50 Vacancies Now Exist In Marine Corps Fifty vacancies in the U. S. Marine Corps will be filled it the Marine Corps Recruiting Station, Post Office Building, Savannah, Ga. during August and September, Captain A. C. Small, Officer in Charge, an nounced today. Young men in excellent physic. The “Golden Weed” . !' * - Looks Good & In Person County Everything points to one of the best Tobacco Crops that Person County has ever produced. Many say that they believe that the Tobacco in this County will average 20 cents or over. No one knows what it will average but we all know that the crop here is good. For these reasons it looks like Person County Tobacco should be sold at home, right here where this good Tobacco is being raised, right where the buyers expect to find it and where they expect to pay for it. Roxboro’s four Warehouses will open on September 14th with a full set of buyers and ample facilities to care for this year’s crop. Make your plans now to start with Roxboro on your first load and stick with Roxboro throughout the . season. ROXBORO Should Sell 8 Million . Pounds This Year i al condition, of good character and education, between 18 and 25 years of age and 64 to 74 in ches tall, will be selected to ifll the vacancies. After enlistment the new Ma iines will be sent to Parris Is land, S. C., for ten weeks train ing, preparatory for duty at home and foreign stations and aboard large ships. For full information and ap plication forms interested per sons should communicate with the Savannah Recruiting Office headquarters for this area. THE WORLD'S GOOD NEWS will come to your home every day through THE CHRISTIAN SCIENCE MONITOR 4n International Dotty N ate tpa per It records (or you (ha world’! eloon, constructive doings. Hu Monitor doos not exploit crime or MnsaUon; neither don It Ignore them, bnt deelj correctively with them. Feature# lor busy men and all the (an)lly. Including the Weekly Hagealne Section. The Christian Science Publishing Society One, Norway Street, Boeton, Masaaehusette Please enter my subscription to The Christian Science Monitor for * f year t°lVoo « months gd.oo I months g*.#o 1 Saturday Issue, Including Msgsslne Section: 1 year li ft • Issues 2Be Name Address 'Copy o» ktqmtit THURSDAY, AUGUST 10, I| M
The Roxboro Courier (Roxboro, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Aug. 10, 1939, edition 1
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