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THE PERQUIMANS WEEKLY, HERTFORD. N. C FRIDAY, JUNE 24, 1938 PAGE THREB loq;ii;:g at viasiiiiigtoii By Hugo S. Sims, Washington Correspondent Monopoly Probe Is Broad Inquiry Jnto Cause of Poverty Amid Plenty J"' The inquiry into - monopolies pro l. Jected'at the cost of $500,000 is one . of the most far-reaching investiga V'tiorisever authorized by Congress. ' Before it is concluded its sponsors hope to be able to answer queries ' that have puzzled many people dur , ing the past decade: "Why there is poverty in the midst of 'plenty; why '.' is' there hunger in a land of food surpluses?" On April 29, President Roosevelt ; sent a special message to Congress on monopolies. He called for "a V thorough study of the concentration I Si of economic power in American in Umdustry and the effect of that concen tration upon the decline of competi tion." Five days later Senator O' Mahoney, of Wyoming, introduced .a J3k resolution to provide for an executive - .legislative investigation into the causes and effects of the concentra tion of economic power and financial control over industry. Considerable discussion followed as to the composition of the proposed commission and the control of funds 1 Hotted for the inquiry. The Presi- dent suggested that the matter be investigated by the Federal Trade Commission, the Department of Jus , tice, and the Federal Securities and Exchange Commission. There was - some sentiment in Congress for an investigation by members of Congress without participation of executive officials except at the pleasure of the Commission. However, as finally passed by the Senate, the Commis sion consists of twelve persons, in cluding three senators, three repre sentatives and one person each repre senting the Departments of Justice, the Treasury, Commerce and Labor, the Securities and Exchange Commis v sioh, and the Federal Trade Commis sion. 1 Considerable argument was also had over the disposition of the $500,000 made available to finance the inquiry. There was sentiment in Congress to leave the entire sum in the control of the Commission itself. ' Administration adherents proposed that $400,000 of the money be given' to the President to allocate it. This1 Would TWrmit the PrpciHon- tn nrmrirla ' J. funds to various Departments and agencies of the Government in the : process of the investigation. It was ' assailed as a surrender by Congress ,. of the prerogatives, but, nevertheless, 'f was accepted. ! Senator O'Mahoney, in a radio ad--: dress, declared that "the whole econo mic system has been broken down be cause we have permitted it to be pri , vately controlled for the advantage . of those exercising control instead of seeing to it that it is publicly con - trolled for the benefit of all." He insists "the anomalous fact that ,! stares us all in the face is that the world produces more than enough to -; enable everybody to enjoy plenty, but millions, through no fault of their sj own, are in want and misery." Investigation of monopoly in this ' country and of the concentration of . : economic power is so broad in its scope and so far-reaching in its im- plications that no one can tell where the inquiry might lead. The Commis sion, when formed, will sit through ,,the Seventy-Sixth Congress, or until January 5, 1941. It will make a first report to the next session of Con gress, which is the Seventy-Sixth, , and make recommendations for legis lation to improve existing economic conditions. Meanwhile critics of the Adminis tration are attacking the inquiry on the ground that it will be "a Roman holiday" for the New Dealers who Lwill take advantage of its authority "T; to pry into business affairs, ' harass industry and finance .at will,, and generally disturb the confidence - Vhich, they insist, is what the nation needs most at this time.' . V 1,, The problems to' be investigated according to President 'Roosevelt, re- volves around the 12,000,000 unem i.j ployed, in a nation , where one-tenth ' of one per cent of the corporations ' own.: fifty-two per cent of the assets . of alh corporations.; And where one - tenth of one per cent of the corpora , tions earnt fifty, per cent of. the. net income of j," all ,, corporations. Again, .while forty-seven' per cent of Ameri : can families and single individuals have " incomes of less than $1,000 a ' year the one and one-half per cent of the country families at the top of the heap have as much income as the forty-seven per cent" at 'the bottom. iWhat is the cause for this condition? Some of the other questions to be answered,: if possible, . according to proponents of the inquiry, are wheth , er corporations use their reserves to keep business going in depressions; who own the - big corporations, why the jputput of steel can drop seventy per i cent and prices retaain almost stationery?, "'Do bankers .direct cor poration policy? How industrial pro duction can drop forty per ' cent, tthrowinjr millions oat of work and tyet prices of finished goois fall fcare ""' ly six' percent; . 5 It is safe tb i say that the work: of the Commission will involve a thor ough study of the economic setup of the nation. . Moreover its revelations 7 prove to be the most sensational in many years of congressional in quiries. PWA Ready To Speed Many Projects In Fight to Revive Fading1 Recovery The 1938 Relief-Recovery appro priation will revive the Public Works Administration, which is already re ceiving a flood of applications from local communities anxious to take ad vantage of the loans and grants. This will, naturally, lead to re newed discussion as to the advantages and disadvantages of the PWA and WPA. The discussion, of course, has not been settled. It may be admitted, at the outset, that the WPA program is more direct in its distribution of funds and that the money that it dis penses gets into general circulation faster. At this time, however, the PWA has nearly 2,800 projects al ready approved and left over from the earlier program, which would mean greater promptness in construc tion work. Under the former PWA program, which started in 1933, some 10,474 non-Federal projects were carried out at a cost of $2,777,000,000. The national government supplied $852, 000,000 and the applicants put up $1,925,000,000, although $790,000,000 of this money was borrowed from the PWA itself. It is possible that the new program will be almost as large. However, interested sponsors of projects should note that all applications must be fil ed by Sept. 80th, the work must be underway early next year and be substantially completed by a given date. This is why Secretary of the Interior, Harold Ickes, administrator of the PWA, has urged prospective borrowers to get in their applications early. Besides the hundreds of new appli cations, already received, others are coming in daily. Moreover, a check up on prior applications shows that about eighty per cent of them are still alive and to be pushed. Com munities wanting projects can apply to the seven regional offices, located in New York, Chicago, Atlanta, Oma ha, Fort Worth, San Francisco and Portland, Ore. These offices will ex amine the application in final form and send jt to Washington, where it will be further checked before going to the President for final approval Based on Jts past experience the PWA has worked out percentages by types as to the number and cost3 of projects likely to be constructed in the new program. IHere is what the figures show: No. Cost Educational 42 24 Hospitals 4 7 Public Buildings 8 6 Sewers 11 13 Water Systems 17 7 Electric power 1 3 Streets, etc. 9 8 Engineering structures 3 12 Flood control, water power, reclamation 1 7 All others 4 13 A study of PWA spending during the four years of its activities reveal that nearly every line of industry in the United States shared in the mon ey expended. The Bureau of Labor Statistics department estimates that for every hour of labor created on a public works project undertaken by a non-Federal agency there was 2.5 hours of work for those engaged in supply and transportation. Thus it was estimated that more than 1,400 million man-hours of labor was re quired in mines, forests, factories and on common carriers in addition to the 556 million man-hows of labor on the sites of the projects. On Federal projects the figures are said to be more convincing. ; Of course, the PWA is part of the pump-priming enterprise. There is this to say, however, about pump priming. Some observers believe that it would have put the country on a permanent basis-; of prosperity before if the government had not put brakes on credit top quickly, if labor had not attempted to get concessions too qufickly and if capital and busi ness had . not been greedy in overproducing- in an effort to get all of it immediately. Certainly; any careful student of the pst will not find; that the facts conclusively Condemn pump-priming as a method of start ing nation, along the path, to per manent recovery. Y. W. M. SOCIETY MEETS The regular meeting' of the Young Woman's Missionary Society of Win? fall Methodist Church was held at fne home of Mrs. A. R. Winslow, Jr. ; A very interesting program on "Build ing the Kingdom of Godjn Japan" was given by Mrs. Raymond Stanton, Mrs. L. F. Winslow and Miss Myrtle Umphlett Miss Gladys Ward , gave an interesting poem, and Mrs. A. R. Winslow gave a reading. I - The Society decided to go on a picnic in July. Those present included Mesdames A. R. Winslow, Jr., Raymond Stan ton, L. F. Winslow, Tom White, Clara Dillman,! nd Misses Lucille White, Gladys Ward, Myrtle Umphlett, Mary Elizabeth White, Hattie Pearl Nowell, a new member, and -a visitor,- v Miss Mildred Bogue. , The hostess served delicious re freshments during the social hour. ; MISCELLANEOUS SHOWER Mrs. J. F. Hollowell and Mrs. E. R; Whedbee, Sr., were joint hostesses at a miscellaneous shower honoring Mrs. Carlton Whedbee, formerly Miss Alice Stallings, on Thursday evening at the home of Mrs. Hollowell, at Winfall. Mrs. Thomas White, Mrs. J. M. Matthews and Miss Myrtle Umphlett were prize winners in entertaining contests, the prizes being graciously presented to the bride. The hostesses served ice cream and cake. The honoree received many beauti ful and useful gifts. Those present included Mr. and Mrs. Carlton Whedbee, Mr. and Mrs. Earl Hollowell, Mr and Mrs. William Whedbee, Mr. and Mrs. Jack Benton, Mr. and Mrs. Elsberry Whedbee, Jr., Mr. and Mrs. W. G. Hollowell, Mr. and Mrs. J. F. Hollowell, Mr. and Mrs. E. R. Whedbee, Sr., Mesdame3 Louise Barrell, Johnnie Lane, Claude White, Harvey Stallings, Marvin White, James Lowe, Walter Umph lett, Effie Miller, Kenneth Miller, J. L. Nixon, Leonard Winslow, Molly Barber, Haywood Proctor, J. H. Bak er, Charlie Ulmphlett, Wesley Pike, M. M. Dillman, Raymond Stanton, Aubrey Umphlett, M. C. Chalk, Grant Lane, Grizzie Moore, Jesse Stanton, J. M. Matthews, J. L. DeLaney, J. F. Jones, J. V. Roach, C. A. Bagley, D. R. Trueblood, Asa Stallings, A. R. Winslow, Thomas H. White, E. N. Miller and George Roach, Misses Gertrude Baker, Lucille White, Myr tle Umphlett, Marybelle DeLaney, Dorothy Whedbee, Lucille Long, Nina Mae Pierce, Addie Ruth Morgan, Frankie Barber, Esther Perry, Mary Elizabeth White, Daisy Proctor, Rosa lie Griffin, Margaret Whedbee, Nellie Maude Matthews, Annie Mae Matth ews, Doris Miller, Artie Mae Hollo well, Ola Bogue Whedbee, Evelyn Whedbee, and Leonard Winslow, Jr., Jean and Marjorie Whedbee, Lois Faye Benton, John Earl Hollowell, Ann Hollowell, Nonie Lou Lane and Joel Hollowell, Jr. Those sending gifts were Dina and Hazel Matthews, Mrs. B. F. Pike, Mrs. Emma Hendrix, Mrs. Frank Umphlett, Miss Dona White, Mrs. D. L. Barber, Mrs. William Miller, Miss Bertha Chappell, Miss Hazel Pike, Miss Margaret Bogue, Mrs. Arthur Pierce and W. E. Bogue. j PEANUT REPORT Virginia-North Carolina Section : The upward trend of the market for farmers' stock has continued and the market has now reached the highest point of the present season. Millers have bought Jumbos heavily during the past week at 4c per lb. country points, and some holders are still waiting for higher prices. Prevailing prices, per lb. f. o. b. delivery points, can be given as follows: Jumbos, best 4 l-8c, very few 4.20c, medium Jumbos 3 3-4c-4c; Bunch, best 3 3-4c-3 7-8c, medium Bunch 3 5-8c; shell ing stock 3 l-4c-3 l-2c according to weight, size and condition. Spanish farmers' stock ranges rather nomi nally 90c-$1.00 per 30-lb. bushel for small lots, with no large lots avail able except at higher prices. Stocks of Virginia type peanuts are clean ing up rapidly and some interests fear that a shortage will develop on certain grades or Virginia peanuts before a new crop is available. The weather has recently been favorable for the growing crop. Stocks of peanuts in cooperative hands have now been completely sold to shelters and cleaners, or diverted for crushing into oil. Demand for shelled and cleaned Virginias has recently improved, with the market strong,' and prices have advanced on all grades, in some cases appreciably. Price ranges are wide with different firms, but most millers have advanced their quotations in line with the higher prices for farm ers' stock. Prevailing prices, per lb., f. o. b. shipping points, follow: Cleaned Vir ginias, jumbos 6 l-4c-6 7-8c, few 7c; fancys 5 l-4c-5 55-8c, few 5 3-4c. Shelled Virginias, extra large 7 3-8c 7 3-4c, few 7 7-8c; No. 1, 5 3-4c-6c, few 5.60c; No. 2, 5 l-4c-5 3c8c, few 5 r-2c. Spanish, No. 1, 5 3-4c-5 7-8c; No. 8, scarce 5 l-4c. Early Use of Metals Discovery and use of copper dates back to at least 3700 B. C, and probably to 5000 B. C. The history of lead goes back nearly that far. Iron was used as early as 3200 B. C, while zinc was known more than 2,000 years ago. Scientifically, alu minum dates back to 1825, but com mercially starts with the close of the last renUirv. Classified and Legals EXECUTOR'S NOTICE Having qualified as Executor of the estate of Mrs. Ada L. White, de ceased, late of Perquimans County, North Carolina, this is to notify all persons having claims against the es tate of said deceased to exhibit them to the undersigned at Edenton, N. C, on or before the 24th day of May, 1939, or this notice will be pleaded in bar of their recovery. All persons indebted to said estate will please make immediate payment. This 24th day of May, 1938. JOSIAH ELLIOTT, Executor of Mrs. Ada L. White. June24,Julyl,8,15,22,29pd. NOTICE OF SALE Under and by virtue of an order of the Superior Court of Perquimans County, made in the Special Proceed ing entitled Myrtle N. Ward and her husband, J. W. Ward, against Robert Reid and wife, Iris Reid, et als, the undersigned commissioner will, on the 14th day of July, 1938, at 12:00 O'clock M., at the Court House door in Hertford, N. C, offer for sale to the highest bidder for cash the prop erty described as follows: FIRST TRACT, bounded on the North by State Highway leading from Winfall to Elizabeth City, on the East by lands of Chas. Johnson, on the South and West by lands of T. J. Nixon estate, containing one acre, more or less and being known as the Home Place of W. E. Reid, deceased. SECOND TRACT, bounded on the North and South by John B. Riddick lands and on the East and West by lands of T. J. Nixon estate, contain ing six acres more or less, and known as the Knox Tract. Dated and posted this 13th day of June, 1928. CHAS. E. JOHNSON, Commissioner. Junel7,24,Julyl,S. NOTICE son, the undersigned' commissioner will on the 18th day bf July, 1938, at 11 O'clock A. M., offer for sale to the highest bidder for cash at the Court House door in Hertford, Perquimans County, N. C., the following described lands: That certain tract or parcel of land in Hertford Township, Per quimans CoUnty, N. C, beginning on Chinquepin Road in a branch Sallie Goodwin's line and running along the road N. 25V2 West 2V2 chs. to a per simmon tree, thence S. 64 West 4Vj chs. to a post, then S. 23 East 2 chs. to persimmon tree in Sallie Good win's line, then along her line down center of branch to place of begin ning, containing one acre more or less, also 4 acres adjoining above, land of R. E. Chappell and others see deed from H. C. Ward to Daniel Rob erson, Book 13. page 297. This the 13 day of June, 1938. CHAS. WHEDBEE, Commissioner. Junel7,24,July8.15 NOTICE OF SALE OF VALUABLE REAL ESTATE By virtue of a decree of the Super ior Court of Perquimans County made in the cause of Nora Rogerson and husband et als Vs. Daniel Rober Under and by virtue of the power of sale contained in that certain mortgage deed executed by Luke Felton and wife, Maggie Felton, to Wm. T. Smith, which Mortgage Deed bears date of January 1st, 1923, and is on record in the office of the Regis ter of Deeds of Perquimans County, in M. D. B. 13, page 521, default having been made in payment of the bonds secured by said mortgage deed, the undersigned mortgagee will on Tuesday, the 5th day of July, 1938, at 12 o'clock Noon, at the Court house door in Hertford, N. C, offer for sale at public auction to the highest bidder for cash, the following described real estate conveyed to me in said mortgage deed, viz.: Lying and being in Belvidere Town ship, Perquimans County, N. C, de signated as follows: Adjoining the lands of R. H. White, J. G J'Mliff. and others containing forty-three and one-half (431 ) acres. For further description of said land see deed from Ira S. Winslow and wife to Luke Felton having date of January 1st, J 923. Sale made to satisfy notes secured by said Mortgage Deed. Dated and posted this 3rd dav of June, 1938. Wm. T. SMITH, Mortgagee. By C. R. Holmes, Attorney. JunelO,17,24.Julyl 64 it swu& ie kefifi mm mm m m 1 a as mm ma mm mm mm. I j " 1 ' , . r .iiu. nr- 1 FEATURES LIKE THIS GIVE YOU Mr FO O D of the 1938 West- Bia food savings plus the lgit Mend. $1-07 . b&ouM make it your budge t s dc k leftover.. $V03 average .avmgs VwSfi $9.10 A MONTH fAVif TIME . Mrraff fattest 1 .icecube. 3WS S fr Pmvinz Kitcheni rru; , , d :"Ali !th Wertingloue liv - ... riiT IN H Air LIKE THESE From 102 Proving Kitchens in homes like yours come sensational new features ... a covered all-porcelain Meat-Keeper ... a glass-top Humidrawer a Super-capacity Froster with improved equipment in cluding 23-quart Multi-service Tray ... a Zoned Tem perature Regulator. And from these new features, plus the improved Economizer Sealed-in Mechanism come sen sational Kitchen-proved Savings in food, time, money: a urc MONEY - , ammmm - -f ft Operas co.UK of Action i 102 Tt. u . than orevioui meuioo avam FtchVn.! Only 45 of lalowau-a - 10 HOURS OUT Of 1 USE$ NO CUWIMT AT AU Qmit p&ldOMol ftM&: Let ui ihow you what Weitinghouw Refrigerator have saved in homes like yours! Wss (jwrdl Ifflaurffl waire SnajpjpHy ((0. "Trade Here and Bank the Difference' HERTFORD, N. C. 1 moTgloalM,
