Newspapers / The Perquimans Weekly (Hertford, … / July 8, 1938, edition 1 / Page 3
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THE PERQUIMANS WEEKLY. KaTPOED. N. G. FRIDAY. JULY 8, 1938 PAGE THEES LOOKING AT WASHINGTON j By Hugo S. Sims, Washington Correspondent r. t 5 What Are The Political Prospects Of the Republican Party In 1938? In a recent statement, the Execu tive Committee of the Republican National Committee expressed its conviction that the Party "will make substantial gains in all parts of the country, electing governors in a num ber of Btates as well as substantially , increasing the Republican strength in the United States Senate and the House of Representatives." , This prediction is somewhat vague hut in private conversation the idea is expressed that the Party will gain at least, nta seats in. the. Senate and probably sixty-five members., in the House. This has been the standard forecast for the past few months. No one knows how close to the truth it will be. It is entirely too early to undertake anything: like a checkup on the statements of those running the political parties of the country. It is their guess and our only report The party organization is active with Chairman John D. M. Hamilton making a series of speeches, designed to encourage a "natural" coalition with Democratic Conservatives. Speaking in the South, Mr. Hamilton said it would be "political chicanery" to change the party name to catch Southern voters, but expressed the view that an effective coalition is within the range of .probability. He, looks forward to the November elec tion to indicate the trend for 1940 and says that an increase of 125 Re publicans in the House and a gain of five Senators would reflect a reaction, with Republican success in 1940, Mr. Hamilton made a bid for Southern support in speaking to the Republicans' convention in Alabama, asserting that a definite campaign in the South was "under consideration." He found no Insurmountable barrier between the real Democrats in the South and the Republican . party, de claring that only deep-seated loyalty keeps, many Southern Democrats from formally and openly repudiating the Democratic ; Party under its present leadership. .He declared that the Re publican Party was founded on prin ciples laid down by .Thomas Jefferson and toyndsMeXSnlyorgan ized champion of the Jeffersonian philosophy." ' Declaring that the future welfare of the South, as well as the entire country, depends on getting rid of the New Deal, Mr. HamDton cited ex tended production and reduced prices of cotton, saying the outlook "is darker than it has ever been," and blaming 'the situation on the New Deal and its policies of "artificial and enforced restriction." Touching on cotton, the South's great crop, he said that during the twenties, the price averaged around twenty cents a pound but today, translated into the terms of the old gold dollar, it is equivalent to four and one-half cents the lowest level in recorded history. So saying, he challenged the President: "Let him who said at Charleston, S. C, 'We planned it that way,' explain that New Deal failure." With Franklin Waltman, weli known Washington newspaper man, handling publicity to offset the lican State officials are evidencing a willingness to carry on their cam paigns without "out-of-state" speak ers. Does Surprising Stock Market Rise Mean Business Boom and Prosperity? Business, financial and industrial leaders are still at a loss to explain the surprising and astonishing up surge of the stock market in the last weeks of June. No adequate expla nation is at hand for the sudden out burst of energy on the stock " ex change, which began on June 20th and in fjye trading days recovered all losses sustained in the past three months. An 'idea of the magnitude of the change is seen when one real izes that previous days averaged about 336,000 shares, hut when the upward swing started, the daily aver age exceeded 1,000,000 shares. The buying fever spread so rapid ly that the fourth day of the rise saw 2,400,000 shares change hands. Af ter the week-end, there was a failure of prices to run into substantial sell offs, and the buying stampede pushed the sale of shares almost to 2,700, 000 on one day in the second week of the advance. XTT1 ll wnemer it proves permanent or not, the boom made history. Wall Street historians have to go back five and six years to find an equiva lent market rise. The week's end was -unequalled in any week since July 1932, and was about equal to that of April, 1933, when, after the banking moratoriums, the gold deval uation bull markets declined. The vigorous rise inspired confidence in business men, exerting a powerful psychological effect. The upward march of stock prices continued during the following week, with unmistakable signs of optimism on Wall Street. Some authorities at tributed the upward movement to foreign buying and the speculative stimulus of the dollar devaluation ru mors, but this explanation does not seem sufficient. An enduring upturr in commodity prices is expected to follow as Government spending clears up inventories and starts reproduction. '""Almost-without "reason, eo far 'as" the experts can ascertain, there was a resurfre of the intangible but neces sary "business confidence." It follow ed months when business indices dropped to low levels. There was no upturn apparently in sight nor re liably expected. Three pessimistic business forecasts by authorities had received wide publicity. Moreover, in previous weeks, traditionally bullish mbuences, such as pump-priming, lib eral banking regulation, and gold de valuation rumors failed to budge the market. Of course, no one knows how far the upswing will go. At the same time, many business men believe that activity had slumped so far that it had reached the bottom. The opinion was current that stocks had been "sold to a standstill" and that there was only one way in which business activity could move, and that was up. Many operators saw a favorable sign in the upswing that began with out conspicuous favorable news and the -very heavy volume in , the bond ! wa.m. 111 u.vu.ov.tf ivi wis' - , . . j.. . ..'. , ..'Democrats, the organization hopes to "T W" optimism. J ' inrlnH RBn,,hH.nH nA Bf In the background, of course r -r i isfied Democrats. It plans to raise $175,000 for the Senate campaign and 1500,000 for the House. It also faces the job of wiping out a $700,000" de-licit While the: Republicans may be united in attacking the Administra' tiori, and encouraging the return of . their; party to power, all is net har mony within its ranks. There still " exists . the, division .between the rem- , nanta of the Old Guard and the Pro 1 - gressive eleinenl.w " ThJs' would J he ', ' morei'j apparent if the Party,; waaTrin V powekattempting to carry out a -program, but it crops ut even in ef fort; to outline present day Issues i ? 'one f the. problems to be decided if. - the political arena to whether the R , publican party! will be dominated by , ,vithi TrgresBt or Conservative eki BeMiidthe Scenes, ft is I generally . undestoodiormer President -Hoover and x-Gbvernor Landon are in a struggle. contending the " control of : the national committee end party af fairs.' .Their fight for recognition s ' - titular leader has been ' in progress for some time. The Landon faction is understood to be opposed to Chair man Hamilton 'and extremely cool to v wanf the aspirations of Senator Van denburg, - of "Michigan. ,. Mr. Hoover, on the- other? hwid, in represented as ( being more interested in party prin ' ciples than prospective candidates, be lieving that the right program will . rehabilitate the Republican, .cause and bring about 'success ; ;,' It is i expected i that , both , Mr. Hoover and . Governor Landon -will make speaking, trips this, year. The has been a widespread view that this summer would see the low in busi ness. As far back as last fall, the Bureau of Agricultural Economics predicted something like a downturn during the first half of the year. According to other calculations, the upturn .was due between July and October. Earlier Secretary Roper had expressed the belief that the recession was "Scraping the bottom." He placed the responsibility for re covery on privated enterprise ' and other officials pointed out that "fears and uncertainties" had become "ar tificial barriers" to recovery. -While,there are reports from many Industries that small rush orders indi cate dwindling, Inventories, which un der present small production sche dules would ;mean increased produc tion, the reader should not Jump to iheikonclusion ithatijlBeAion in ior anotner violent upward - surge, Brief recoveriesvave frequently oc curred in a reactionary period with out reversing more than temporarily the general trend. , This may be a brief, spell toward recovery, to be ex plained by short-covering, or it may be a permanent move," upward, ex plained by the fact that the down ward movement continued lower than circumstances and buying power war ranted. , The stock market gyrations nat urally causes " a resumption of the same old argument; Nobody has yet decided whether a falling stock mar ket,, pulls business down or whether business pulls the stock - market down. Hie bullisbly inclined argue that ' the stock; market - anticipate business recovery or that if business ift fTAincr ta nfolr vin ttiiq anf-ntvim tha v. i- - !.! I o. ., ,m xvBu yiuj. w x.Kp ""jrBt0Ck market is anticipating it now. gram without - assistance v from thel ::t : ; . F - MtttiAMQl f VlTVt-mittAA ThA . fAmM' -. National : Committee. 1 The former President says he "undoubtedly" will make speeches for Republican sena i torial; gubernatorial and congressioh . al candidates. It is plain that Mr. Musie Oldest Form of Expression Music id the oldest and noblest form of expression. Birds sang long before men talked. . Before the birds sang there was the music of the Hoover desires an active part in the wind in the creat fern forests that campaign but, just the same, RepubJ' created our coal beds, BELVIDERE NEWS Mr. and Mrs. Jesse Asbell, of Edenton, were guests of Mr. and Mrs. E. L. Chappell on Sunday. Miss Catherine White, a student at Norfolk Business College, spent the week-end as the guest of her mother, Mrs. H. P. White. Mr. and Mrs. J. M. Copeland and family, Mrs. Sarah Layden, Miss Olive Layden and Charlie Layden at tended a family reunion at the home of Mr. and Mrs. Edgar Layden on Sunday. Elwood Smith, who holds a position in Washington, "D. C, left Monday after a two weeks' vacation with his parents, Mr. and Mrs. F. E. Smith. Bill Parsons and Roy Chappell, of Wilmington, Del., spent the week-end as guests of Mr. and Mrs. E. L. Chappell and family. Mr. and Mrs. Paul Whedbee, of Washington, D. C, spent the week end as guests of Mr. and Mrs. W. T. Smith. Mr. and Mrs. L. J. Winslow, Mrs. H. P .White, Miss Catherine White and Miss Deborah White were guests of Mr. and Mrs. R. E. Leary, in Edenton, Monday afternoon. Mr. and Mrs. R. R. White, Miss Evelyn White and Thurman White spent the week-end as guests of rela tives, m Norfolk, Va. Mrs. White, Miss Evelyn White and Thurman White remained over for a week's visit there. Mr. and Mrs. F. M. Trivette, of Louisville, Mr. and Mrs. T. ette, .of Winston-Salem, spent the week-end as guests of the Rev. and Mrs. J. C. Trivette. Mrs. Paul Sawyer and daughters, Pauline and Betty Anne, of Raleigh, were week-end guests of Mr. and Mns. T. C. Perry. The Rev. and Mrs. J. C. Trivette, Miss Edith Trivette, Mrs. Mable Har wood and sons, Russell and Phil, Mr. and Mrs. F. M. Trivette, Mr. and Mrs. T. G. Trivette spent Monday at Ocean View and Virginia Beach, Va. health rules. An interesting playlet "Fashions and Healtii" was then pre sented. Miss Hamrick gave a demonstra tion on canning snap beans and mak ing tomato ketchup. Mrs. V. C. Winslow and Mrs. R. R. White won the canned vegetables. -During the social hour several games were enjoyed, after which the hostesses served lemonade, cakes and mints. Those present were: Mrs. J. M. Copeland, Mrs. F. C. White, Mrs. L. C. Winslow, Mrs. W. T. Smith, Mrs. C. T. Rogerson, Mrs. H. P. White, Mrs. L. J. Winslow, Mrs. S. M. Winslow, Mrs. V. C. Lane, Mrs. T. C. Perry, Mrs. J. C. Trivette, Mrs. Winford Chappell, Mrs. Nurney Chappell. Mrs. F. M. Copeland, Mrs. R. M. Duncan, Mrs. T. R. Winslow, Mrs. . Claude Winslow, Mrs. Nathan Ward, Mrs. R. R White. Mrs. N. W. Chappell, Mrs. Vick Stallings, Mrs. V. C. Winslow, Mrs. Lanford Winslow, Miss Olive Layden, Miss Clara White, Miss Margaret B. White and Miss Gladys Hamrick. F. Craft, of Edenton, visited in the i Porcupine's Quills R. S. Ward home Monday afternoon, j porcupm9.s equipment Mrs. Harriett Parks spent Monday is indeed the secret of its survival, with Mr. and Mrs. Roy Parks. J It has no speed, no keenness of eye- Mr. and Mrs. CAi-ann Davis werplSight Or Smell, no CUrming, but it in Edenton Saturday afternoon. Founded in Fourth Century San Marino, situated in the Apen nines near Rimani, in the heart of Italy, claims to have been founded in the Fourth century. does have between 20,000 and 40,- 000 daggers, each more poisonous than the sting of a wasp. The point ' of each quill is polished and veryfj keen. Then come the barbs, over( a thousand of them, which begin to stick out when they enter warm flesh, like the barbs on a fish hook. RYLAND BELVIDERE CLUB MEETS Mrs. N. W. Chappell, Mrs. Winford Chappell and Mrs. Nurney Chappell were joint hostesses to the Belvidere Home Demonstration Club on Tues day afternoon at the home of Mrs. R. R. White. The meeting was opened by sing ing "Good Health Land," after which the C6llect is repeated.'.' 'At rbll call the members answered with good Mr. and Mrs. McCauley Byrum and baby,, of Greenville, visited Mr. By- rum's parents, Mr. and Mrs. Walter Byrum, during the week-end. Mrs. D. T. Ward and daughter, Miss Daphne, visited Mrs. Harriett Parks Sunday morning. Mr. and Mrs. T. L. Ward and two G. Triv- children, Thomasine and David, Mrs. H. H. Lane and son, Herbert Ray, were in Edenton Saturday afternoon. Mr. and Mrs. B. W. Copeland. James Thomas and Frances Copeland, from near Selwin, visited Mrs. H. N. Ward Sunday afternoon. Mr. and Mrs. Johnnie Bright and son, John Robert, and Mr. Bright's mother, and John Parks, of Suffolk, Va., were guests of Mrs. Harriett Parks Sunday afternoon. Mrs. Roy Parks returned home Saturday after visiting in Richmond, Va., and in Pennsylvania. Mr. and Mrs. R. S. Ward and two children, Lehman and Lelia Faye, visited Mr. and Mrs. J. T. Byrum, near Cannon's Ferry, Sunday after noon. - Miss Bessie Lee Hollowell is re ported to be improving, after being very ill for some time. Mr. end Mrs. E. L. Hollowell and children,'-Guy, Aubrey and ' Anne, Mr. and Mrs. J. A. Craft and Mrs. L. TflVLOEl THEATRE EDENTON, N. C. COOL AND COMFORTABLE Today (Th4rsday) and Friday, July 7-8 ALICE FAYE, TYRONE POWER and DON AMECHE in IN OLD CHICAGO" NEWS PORKY CARTOON Saturday, July 9 GENE AUTRY and SMILEY BURNETTE "GOLD MINE IN THE SKY" "THE LONE RANGER" No. 9 OUR GANG COMEDY Monday and Tuesday, July 11-12 THE RITZ BROTHERS -in- KENTUCKY MOONSHINE" With Tony Martin, Marjorie Weaver and Slim Summerville NEWS ACT Wednesday, July 13 GARY COOPER and JEAN ARTHUR -in- "THE PLAINSMAN" SCREEN SONG Coming Thursday and Friday, July 14-15 JAMES STEWART and GINGER ROGERS "VIVACIOUS LADY" . I I BLaaMavllSI . . fttr Jy ft Jm b - Most Beautiful Mihi 1938 EmPeror : -4242 tAi. . HOME PROVING KITCHENS IEP0RT FAVORITE F00DI TASTE BETTER, LOOK BETTER COOKED ELECTRICALLY You should have a Wettinghouse Range. You deserve it time and work-saving convenience. And you can afford it because of f m amazing economy. Select from 9 popular-priced models. 1 1 ft Spaed and Economy Klfchon-Provodl Weatingnouae Range end fear that electric cooking is low, expensive. Certified reports prove new, solid top Corox Economizer and bal anced heat SuperOven amaz ingly economical and as fast ' or faster than old methods. Boctrlc Cooking Easy, Say Reports "So simple a child could cook", say Proving Kitchen reports. Even heat and auto matic control stop pot-watching, make Westinghouse electric cooking easier, faster than old methods. Cleanliness Saves Time and Work Smooth,' ' flat surfaces and rounded corners make clean ing, easy. Utensils never get black or. discolored never need scouring. Kitchen walls, curtains and woodwork stay clean longer. See the Proof at Our Store Come in. today. Let us show you the authentic, certified Proving Kitchen reports that prove Westing- house Ranges cook fast, cook batter, aava monsy. HERTFORD, N. C. 1 L J 1! jj 1' " " tft w ft sS lit. ! t'iV
The Perquimans Weekly (Hertford, N.C.)
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July 8, 1938, edition 1
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