Newspapers / Shelby Daily Star (Shelby, … / Jan. 22, 1932, edition 1 / Page 3
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Hamrick Writes Of Ills Brought On Country By Tariff Policies College prolessors <H economic: and their students will appreciate it very much If every iewspaper on the continent will plea*; fill their front pages with the tariff issue which will be discussed in the halls of congress this year. The newspa pers will be used as text-books in the class rooms,-, and vil’ be incor porated ill hook form later on. A new field of literature Is on the way. New literary trends are devel oping from the presen' depression, the economic crisis. Kadi genera tion writes history anew Each pe riod. each century has its own his torical writers, its own economic problems, its own literature. The ; period in which we li e is enor mously interested tn economies. Please bear in mind that a tariff! is a part of the economic structure, or rather the ma kern;, and dis- i tribudhg structure. Some of the I past depressions in the United Spates have been caused by tariffs Tire present depression was caused b; the Smoot-Hawley tariff act on *aps.28, 1929, but thers have been' o.her causes, too. it is to he regretted that cottoii mill spokesmen have overlooked the cotton "oocis tariff schedule in the 1 cmoot-Hawley tariff act DiStribu- ; tore of cotton cloths failed to pro- j test to congress in 19J9 against that | enactment into law of “unequal pro; \. ions covering cotton textiles and j dcploriny the dl1 crimination that I 'objects the cotton trr.de, the te li’e industry to these needless hard ships.’’ I recall the depression -oi 191? was | ci used by the Payne-Aldrick bill. There was .overproduction of cotton in that year. A Southern spokes- j man by the name of Senator F. M.! .i mmons delivered in t’n-: senate on .fitly 10. 1911 a powerful . oeech rtalnst that bill. The keynote of ( his famous speech war: “1 rm heart end soul in favor of revising—yea.: repealing—the Payne-Aldrich bill 1 ; n ready to begin cn it as.-a whole, or by schedules.” In the senate, in 1913. lor the first, t me in the history of (he govern ment, Democratic tariff bills were issued through a Republican sen-: : ?, and Senator Simmons was the Democratic leader m command and icrponsible fc this lemarkable •hlevement. The Simmons leader- 1 up was superb! The Democratic 1 ouse of representative1’ had pass '■{ se erd tanU bids ns. ok ng sep ■ F.te schedule.. Mo tme d earned ; .it tire Democratic bid. coming urn v.rs hour; could be passed 1 i’•••bush ti e senate., 'h-r. Rcpubli i m. by e substantial majority. but : inimons did it by a su/erb parlja j.'.ventariary generalship and leader, Tip that won him the v iu.se of the < pantry. President Talt vetoed those Dem < rratic tariff bills, but they made -e tariff issue of the battle of, !>13. and .'contributed is; r.o smaU ay to the division of virr RepqbU i«n pc Ty in that campaign on thru •u-riff question, and to the election <.i Woodrow Wilson as crcsider.’.. T. h- the prediction ol the v.rirer t'.thi \o Smoot-Hav.dey tanit law will , i ■ an issue in the 19 j; prer.wu-ntra! < ..iv-paign. although pro. ... rn may i.e the main issue which. is V'nns ■purtant, and which is an fc sue. to be i ed to cove up the mistakes of f e Republicans and <,n “cloud” tiro tariff issue. When theme a break <■ :wn, a crisis, we will 'ace the tar ■ i issue and lower th» tariff vails 'o permit 800 commodities sc leave i S. ports. pinuuoDs \cl. Sent lor S'unmom tves the co-au r-or of the. Undo. woob-S'mn'Qns tariff act. aouriLted in- t’.-.e 3West o perts and economise; to be the fairest, tlie most cient>. • -nd most ykillfully drafted tariff lav. that .ha? r er been on the siat it books of t; e United States. In too fight for the adoption of the lirderwood Smimons tariff la tv Senator Sint? '- ons' leade'ship I :n the United States senate a* chairman of the rinance committee, was able, bril iirnt. successful and Drought to him most gfratifyfing tributes from the country at 'arge and tvom his col lergues on both s.des in the senate. The Underwood-Simmons tarift act remained on the s'atute books until the Republicans regained con t.ol of the congress, in 1919. Under it the United States reached its highest meaeure of prosperity. Under the same tariff net the tex tile industry in New England and the South received the largest share of the prosperity. Cotton mill stocks were gilt-edge investments then. Due to the Underwood-Simmons tariff law and the wor. i w ar. pros perity in every line o£ business ac , ivity was increased. 1921 Depression. The depression of I92i-1922 was caused by the emergency tariff act of 1919 and the Fordnty-McCum ber tariff act of 1922 The signing iarmistice) at Cersaillej was an other cause of that depression in connection with the war debts and the German reparations. Senator Simmons brilliantly ied the Democrats in the senate in their fight which challenged the admir ation of the whole country against the vicious emergency tariff act of 1919 and the Fordney-McCumber tariff act of 1922. The tariff battle made by Senator Simmons and his lieutenants against the Fordney McCumber act was the basis on which the Democratic party waged the brilliant congressional and sen atorial campaigns of 192.’ in which the Democratic party made such tremendous gains, almost overturn ing the overwhelming Republican congressional strength resulting from the Harding landslide of 1920. F'enator Simmons • 'leadership in these tariff battles was widely prais ed by newspapers all over the Un S.td States and by the Democrats in both houses of congress. Several congressmen arc proud to have been pupils and to sit at the feet of Senator Simmons to learn the prob leins growing out of tariff legisla tion. The selfish intere:<3 always feared the tariff speeches made by Senator Simmons in Congress. They could not put anything over the North Carolina senator who was spokesman for the Southern farm ers, the textile industry The tar iff question has long been Sim mon's specialty—he has no equal. All industries will not share in the next era of prosperity. They did not in the last. For example: During the unprecedented bull mar ket from 1923 to 1929, when the New York stock market was moving up ward, cotton mill securities in the textile industry were declining and reaching new lows. Cotton textiles we.e experiencing severe competi tion from rayon and silk. It be came well known in Wall street that the textile industry was in trouble! Most Southern investors are not in terested in cotton mill securities at the present time, on account of un favorable conditions in the textile industry. Bankers do not accept them as collateral for loans. The ■South is having a ebtton boom which will last only three months— ranging in prices from 9 to 12 cents. The textile industry doer not have strong banking sponsorship There is no organized pool to manipulate cotton prices in the markets. The wheat market has its general by the name of Arthur Outten cf Chicago. Very little cotton leaves the Gulf pons for Europe. Japan is the only nation that buys American cotton. Cotton does not enter 36 foreign lands on account of the high tariff wal's on all sides—disorganizing the international trade in cotton Hut* Textile*. The textile industry telt the ef lects of the vicious emergency tar iff act of 1919 and the Fodney UcCumber tariff act r>t 1923. New England cotton mills went on the ochs. Southern cotton mills were rorceti to adopt part time schedules which are the fad, the vogue of to day Certain cotton mills In New England fiici the South are being operated under receiverships. The several months tariff battle of the Democrats in the Senate and in the conference committee on the . .iort-sigiited and criminal Smoot iiawley tariff bill was ably Ted by Senator Simmons who. while the bill was in tile committee of the whole in the senate, won a succes sion of splendid victories only to lose pert of them at last by the un c.ipcrtcd defection of certain sena tors, brought about by extraordinary iressure and conditions Sinoci-IIawley Bill. The Smbot-Hav.ley ‘ariif bill be came’'a law on May S3. 19‘J9 and caused the present depression which has lasted three years. The textile industry continues to decline! Wall street does not recommend cotton mill securities for investment so long as the conditions in the textile in dustry are unfavorable. Does the cotton goods schedule in the new tariff act meet with your approval? If we can tear down the tariff wall—end my prediction is the pres erst congress will wot: *cvvard that end—it is omg to let loose one of the greater, eases of prosperity we Save ever ’mown, and flic textile in dustr- hi New England and the ■south v ill pain the largest share of ■.he prosperity. An excess of 60 per cent cotton must be sola abroad in ■he ■near future if business is to re vive. But 'the. first step h to revise the cotton tariff schedule which be longs to the textile industry, to the farmers and all loyal Southerners— Not to that gang in c*egrets. There is hope of lowering the tar iff wall that exports may go out and imports come in. The tariff blocks the road, and there is no de tour. Amidst our disasters, amidst the wrecks of vor’d trade, the tar iff vail still standi Why not open the road? Cotton should not te shut up in the United States. In the textile In dustry we have labcv-vaving ma chinery to create mass production and low costs. The best solution to mass consumption and overproduc tion is low tariff rates. It is left to the Southern senators and the spokesmen in the textile industry to attend to the cotton goods' tariff schedule in the Smcot—Hawley tariff act. The, textile industry needs new markets, new .rentiers. Why not project the textile industry to all parts of the world, and have the foreigners pattern their cotton tariff schedule after the American cotton tariff schedule? The textile industry should be jealous of their “rights-’ and fix their own tariff schedules in the tariff bills, and specialize in low i rates at the U. S. ports. That gang In congress tears to I touch the tariff schedules belonging to the meat trust, the lumber man -! ufacturers, the steel magnates, the coal barons and the automobile, trust, but let that gang in congress fix the tariff schedule belonging to| the textile industry alone? The easiest method to cause a de-; pression or break e prosperity. ! streak of an industry is to raise the j | tariff rates The'textile industry has (been depressed since 1921. The tar-J i(f rates on the products of the i farm and the factories are prohib- I iitive! That's the reason up have ov- j I erproduetton in the South and no. .outlet for our surplus. I am passing this information i !along to you. The 800 late increase- ; | in the Smoot-Hawley tariff act on ' May 28, 1929 were applied as a se- j vere dose of deflation—to cause a ; depression in the 90 American in-1 dustries—to curb the reckless spec ulation in Wall street—io slow down | the too rapid growth ol American : industries—to destroy the six year j old prosperity of the United States. I A new chapter in the history of; business depressions .s being writ-; t *n! THOMAS W, HAMRICK Jr Farm Relief Acts Are Summarized 1. B. Blalock Poii.'is Out Relief Measures Now Indrr H»« For Farming Interests. (Special to Tile Star.> Raleigh. Jan. 19.—“There seems, to be a willingness on the part of j senators and congressmen in Wash- j ington to drop partisan politics for | the time being and to cooperate in j the passage of measures that have | for their purpose the saving of our i tfinarcial institutions, our Indus-1 tries and our agriculture and put ting business on an even keel again.” Thus did C. Benion Blalock, gen eral manager of the North Carolina Cotton Growers Cooperative asso ciation, summarize the congression al situation on his return here from) a three-dav trip to Washington. He ^pointed out that the two bil- | lion dollar reconstruction finance corporation bill, already passed bvj , the senate, carries a rider, intro duced by Senator Smith. South Car olina, which appropriates $50,000 000 to be used by the secretary of! agriculture in agricultural dietrlcte j where banking facilities have been 1 wided out by recent failures. The land bank bill, carrying ap propriations or $125,000,000 and al ready passed by the Senate, should be the means of saving many a; farm home from being sold out frer. the owner, Mr. Blalock said. He added that after much discussion *25,000.000 of this appropriation was’ specifically set aside to be used in granting extensions to farmers who were unable to meet their present orj overdue payments. Mr. Blalock also called attention ; to the bill introduced in the house ,by Congressman Kerr, North Caro jlina, for a continuation of seed loai and drought funds. Other measures have been mtro i duced or are being considered, he said, adding that one of these pro * loses a fund from which farmers can draw on to subscribe capital stock in credit corporations for fi nancing their operations in 1932 •‘Argument.” Mr. Blalock conctud ied. "is being offered that to furnish means for production only still fur : ther aggravates the situation of j over-production—all too true and! good sound argument from that! | standpoint. But on the other hand i’.here arc no credit facilities for ! larmers in a great many sections ot I our state and if unable to secure a j limited amount of credit many 'farmers will have to let their lands lie idle and they and their tenant? i and families be added to our already i far too great a list of unemployed.'' i Twenty Million Left By Julius Rosenwald Chicago, Jan. 16.—Thj will of Ju ! lius Rosenwald was filed in probate ‘court today showing an estate of $20,000 000. The Rosenwald family association j which was formed to carry on the i philanthropies of the merchant, was ; bequeathed $11,000,000 and the re mainder of the estate was divided | equally among the five children. I Legion To Launch Drive For Jobless Raleigh.—Members of the Ameri jean Legion in North Carolina will launch an attack on unemploy ;ment p two sectors of January 2J. j One' drive afill be aimed a; secur ing pledges from employers to in I crease on February i their present .personnel by 10 per cent even If the | wages of those now employed must !be cut. . The other provides for securing [pledges from property owners for so many days work each week In the line of yard work, repairs and * domestic service. 666 *** Liquid or Tablets used Internally and 066 Salve externally, . make a complete and effective treatment for Colds. $5,000 in Cash Prizes ( Ask Your Druggist for Particulars Boiling Springs News Of Interest Nrw Officer* Kor rhil<onUn Book Club. Mis* Helen Hamrick Sick. (Special to The Star.' Boiling Springs. Jail. 21.—Mrs. V H. Hamrick was a gracious hostess to the members of the PhUsonlan book club and several other guests Wednesday afternoon. The home gave an appearance of spring wi-b Its decorations of yellow pesmtne and other flowers. The business meeting was held. Mrs. J. H. Jon* s presided over the meeting In the absence of the president. The offi cers for the ensuing year wen elected as follows: President. M»« J. L. Jenkins; vice president, Mlssi Gertie dreene; secretary, Mrs. J H. McBrayer; treasurer, Mrs. C. E Hamrick. The following interesting! program was rendered; t'The Sports j of North Carolina." by Mrs. C. E j Hamrick; "The Winter Resorts of i North Carolina," by Mrs. J. H. Me-; Brayer. At the conclusion of the] business meeting a social hour wa enjoyed. The hostess secured a de-j ticious salad course, coffee and sweets. One name, James Oliver Ham- j rich, was omitte dlast week in the| list of children who made ihe honor' roll at the public school. Mr. and Mrs. V. H. Hamrick and Miss Gertie Greene went to Foun tain Inn, 3. C. last week to be at the bedside of Mrs. Andrei Barry who is critically ill. She seems some improved at the present time. Rev. and Mrs. J. L. Greene and! children of Drexel visited Mrs. W. A. Webb last week. Mr. and Mrs. Horace Hammett and little son. of Louisville. Ky stopped by to see friends here when en route home Friday from a visit to relatives near Gaffney. S. C. Dr. Dewey Petty and Athan Jol ley of Chilhowie, Va., arrived here Friday for a few days’ stay. They were accompanied home by Mrs Galena Jolley who will visit them for several weeks Mrs. W. A. Webb and Miss Geor gia Hamrick are spending severe' days of this week in Gaffney, S. C with Mrs. Zuda McSwain who Is til Mr. and Mrs. A. J. Dedmon, Ger ard and Irvin Lee Dedmon visited Mr. and Mrs. Byron Wilson Sun day Mrs. Carl Hamrick accompanied her daughter, Helen, to Charlotte Thursday for an examination. Miss Hamrick will be confined to her bed for several weeks. Mr. and Mrs. Joe Fincher and Miss Winfrey Hamrick of Charlotte spent the past week-end with Mr E. D. Hamrick and family. Trinity Community Of TV Week Quiltyig Party Fot Mrs. Bostic. Mission Program Next Sun day. Personals i Special lo The Star.) Trinity, Jan 2.—The women of this community gathered at the home of Mrs. S. J. McClunney on last Wednesday and enjoyed a quilt ing party given for Mrs. Will Bos tic. who ha's been ill for some time. The Woman's Missionary Union will give a public program at the church nest Sunday afternoon at 2:30 o'clock. Mr. and Mrs. Wayne Bridges and children. Misses Ollie Bridges and Mattie Sue Beason and Mr. and Mrs. H. B. Harris and children were the Sunday dinner guesta of Mrs. Jim Bridges of Henrietta. Miss Agnes Shuford who has been visiting relatives in Rutherfordton has, returned to her home here. Mr. and Mrs. Charlie McKinney of EUenboro were visitors at the home of Mrs. H. W. McKinney on Sunday Mr. and Mrs. Paul Hawkins and family of Alexander were callers at the home of Mr. J. M. Hawkins on Sunday afternoon. Mr. Don Vess of Converse, S. C., spent the past week »nd with Mr. Max Beason here. The trinity baseball team played the Flint Hill team on last Friday, but lost by a score of 15 to 4. Little Misses Eltzabetn and Mar garet Holcomb visited their grand parents Mr. and Mrs. G L Bo6tlc here Sunday Mrs. Guy Gillespie was a gracious hostess to a member of her friends at her home on last Saturday ev eningg, complimenting Miss Ruby Greene of Mooresboro and Miss Mary Bridges who were spending the night with her. Mr. and Mrs. Gaston Skinner and children of Boiling Springs spent the past week end here with Mr. and Mrs. Clifford Jolley. Mrs. Pauline McWhlrteT and chil dren of Shelby 6pent the past week end here with Mrs. Furman Mc Swain. WHEN YOU HAVE A loved one to die, you should acknowledge the flowers sent by friends and show your ap preciation of the sympathy extended. Use sympathy ac knowledgement cards, plain white or with mourning sdges. New samples and re duced prices at The Star of fice. tf 9n double Shoals News Of the Current Week Large ( rond at Teacher* Meeting. Mis* Eskridge Given Tarty, t’ersonals. (Special to The Star.) Double Shoals, .ian. 20.—One oi the largest crowds ever present at a weekly teachers meeting at the Baptist church was present last Thursday night. Mr. Oletus Wright and two daughters were present and rendered special music, the singing was very much appreciated and en joyed by all. These good people who live near Fallston are among the best gospel singer® that can be found e hope to have them visit us again soon' Tlie friends of Misses Delia and Mary Elisabeth Eskrtdge surprised them with a party last Saturday night Many games and contests were played, after which delicious refreshments were served by the hostesses, A large crowd of young people was present and (njoyed the evening together. Miss Muriel Eskridge and broth er J. D., spent Saturday night with their cousins Misses De'ia and Mary Elizabeth Eskridge. Mr. and Mrs. Carl 'turner spent the week end with their perants Mr and Mrs. D S. Turner near Lawn dale. Mrs Clemmie Towery and Misses Mare lie and Joslin Ward of Lawn dale spent Saturday mght with Mr. and Mrs. Bill Champion Mr. and Mrs Loyd Cook spent Sunday with their parents Mr. and Mrs. Lee Cook of Carpenters Grove. Mr. and Mrs. Less Jackson and Mr. and Mrs. Jce Champion spent Saturday, evening with Mrs. Jacksons mother Mrs. Doe Cook of Olive Where Tornado Wiped Out Family of Ten Townsfolk of Trrnton, Trnn., are shown searching the ruin* of the farmhouse in which ten members 01 the P. W. Klee family were killed when the building was completely demolished by the disastrous tornado that recently swept Southern States. The family was wiped out before they could even attempt to es cape to safety. Scores of other buildings were blown right off their foundations, injuring many of the occupants. The terrific wind struck with such lightning suddenness that the Inhabitants of the, town | were totally unaware of the approaching fury which left "a trail of leath. !-■ ....... Grove community in upper Cleve land* Mrs. Mary Delta and daughter Mrs R L. Eskridge spent Saturday ill 81ir!by. Mr. Clarence Moss and family of Kings Mountain spent Sunday with Mr. and Mrs. Joe Lankford. Mrs. Clayton Carver who has born confined to her bed sick for the past two weeks is not Imploring very much Saturday and Sunday will be regular monthly services at the Bap tist church. The pastor. Rev Jr). W. Suttle desires to meet with the board of deacons Saturday afternoon at 2:30 for an important meeting. Conference wtll be held at 3 o'clock Sunday school Sunday after noon at 2 o'clock and preaching at 3 o'clock The publte is cordially in vtted. 200 SHEETS OF GOOD WHITE wilting paper and 100 envelopes both printed with your name and address for SI. This Is the biggest bargain ever offered hi stationery. Call at The Star office. Scatter Sunshine When shadows cross your pathway And things don’t look so bright. Just smile and meet them halfway And things will be all right. Don’t listen to folks’ troubles I know you have your own. Stan to blowing bubbles Leave trouble in the foam. This advice Is freely given Now take it If you will Save yourself some grieving And not be called a Pill. (Written for The Star.) * Docs ihe start quick? Say boy, that's the startincst fear they is. That car starts so quick Ah gotta sneak up on her so she won't start going and leave me behind!" "To v hat do you attriberate this mahveilous puffo’mance?" "To Texaco Gasoline, and nuthin else but! When Ah heard that Texaco was 'dry' Ah couldn't figger it nohow. Ah never heard o' dry gasoline, no mo' 'n Ah ever heard o’ dry water. So Ah asked a Texaco dealer how come this here fdry’ stuff. Well he gave me a powerful explanashun. All about vapo-ry-zashun and vol-a-tility and all that stuff. So Ah say nev’mine that how-come, gimme a tankfnl and let that Texaco talk fo’ itself. And boy, she sho’ talked pretty!" ou mean she acted up powerful?" "Boy! Ah thought Ah had a racin' car and no mis take! Ah jest have to tickle the starter and she’s rarin’togo! Yessuh! Even if Ah don't understand all this here dry stuff Ah sho’ understands action! And that’s all Ah want. Nuthin else but!” e l«U 1W Tom C^ur RIVIERE OIL CO. DISTRIBUTORS Shelby, N. C. Texaco Gaaolire T«nace.ethy< GosoIim Crock -proof Texoco Motor OV Winter never stopped TEXACO! It Starts with the Starter
Shelby Daily Star (Shelby, N.C.)
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Jan. 22, 1932, edition 1
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