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By Bags 5, Sinu Washington Correspondent ?
""T
Inflation Approaches. Price-Control
" Law. Four Expert Views.
-Rising" , retail prices, throughout
the country explains the sudden im
perative demand for congressional
action upon price control. There is
general agreement that the situation
demands positive action by the Gov
ernment although there is wide dis
agreement as to the proper remedy
' Wholesale prices have risen stead
ily since June, 1940, and are now
shout twentv ner cent above pre-war
lrala. Itatai nrices. however, have
shown increases to a marked degree
only for the past several months.
While the cost of living is up about
seven per cent., the increase has .been
emphasized in the cost of food.
If the cost of living continues K
increase, there will inevitably arise
renewed demands for increased
wares, which in turn will mean
higher production costs. The pro
cess will continue throughout the en
tire mice structure The threat of
serious inflation is accentuated by
heavy Government spending for de
fense and the looming shortage of
goods for civilian consumption
Recently, Bernard M. Baruch, fi
nancier and chairman of the War
Industries Board in the last war,
Leon Henderson, head of the office
of Price Administration, Henry Mor
genthau, Jr., Secretary of the Treas
ury, and Marriner S. Eccles, chair
man of the Federal Reserve Board,
have appeared before the House
Banking and Currency Committee,
which is now considering the emer
gency price-fixing bill advocated by
the Administration.
The complexity of the problem
confronting Congress is apparent in
the disagreement existing between
these officials as to the proper
means to be adopted- The reader
should assume immediately that each
of them is sincere in his desire to
assist the nation in facing its prob
lems. All have had considerable ex
perience and their views deserve se
rious consideration.
While it is Impossible in a short
article to adequately present their
viewpoints, some' general observa
tions are worthwhile. Mr. Baruch
proposes a ceiling upon all prices,
based Upon a selected date approxi
mate e normal conditions. Then
"prices, rents, wages, commission
fees, interest rates" and every item
of commerce or service would have a
maximum ceiling, with extraordinary
situations adjusted by a Government
tribunal.
Mr. Henderson, Whom Mr. Baruch
regards as the man best fitted to
administer a price control bill, would
impose ceilings on a few basic ma
terials, about one hundred, upon the
theory that prices generally can be
stabilized by control of these basic
materials. Mr. Henderson, as we
understand it, has given tacit consent
to farm increases equal to one-hundred
ten per cent, of parity, but he
Ls resolutely opposed to direct wage
or profit controls.
Mr. Morgenthau's interest seems
to be concentrated upon heavily tax
ing incomes and thus reducing pur
chasing power. He would leave
wage earnings undisturbed but use
various methods to induce workers to
save more of their incomes. While
not disturbed by the present level of
farm commodities, Mr. Morgenthau
fears higher prices and suggests
that the Government release some of
s prevent unreasonable
its surplus stocks of agricultural
SO GALLONS OF GAS
IE
During the first week of our Circulation
Campaign, we will award three special prizes
i to the three people selling the greatest num
ber of subscriptions during the days from Oc
tober 10th to October 18th, inclusive.
FIRST PRIZE 25 Gallons of Gasolinle
SECOND PRIZE 15 Gallons of Gasoline
I THIRD PRIZE 10 Gallons of Gasoline
A contestant in order to qualify for one
of these special awards must report at least
15 yearly subscriptions to win. These prizes I
are m addition to the regular commission
checks that will be paid daily.
Join The Fun. .Enter Your Name. .
Earn Extra Money Daily
products - to
price rises. J ..v.
Mr. Eccles, whose currency jjontrol
methods were ' much in vogue : some
7ears ago, when he advocated' Gov
ernment spending in order to pro
duce an 'inflationary process to cor
rect the deflationary result 'of the
depression, suggests the use of
broad functional controls, such as
taxation, fiscal and monetary poli
cies, as a main lever in relieving the
present abnormal stress with certain
selectional controls, -. such as price-
fixing, priorities, regulation of con
sumer credit, etc., to be used As ne
cessary, in the 'discretion of a proper
administrative officer. Significantly,
Mr. rjccies insists that wages, "sala
ries and farm prices must be regu
lated to prevent inflation.
U. S. Not At War. Neutrality
Abandoned. Policy Based on
. Defense. -'
Participation by the United States
in the three-power conference in
Moscow, designed for the express
purpose of facilitating the delivery
of war materials to Russia, high
lights the peculiar position in which
this country finds itself,
It is a mistake for American citi
zens to simply conclude that the
United States, for. all practical pur
poses, is already engaged in warfare.
The truth is quite to the contrary.
This country, in a period of world
stress, has concluded that its inter
ests are best served by asserting
certain rights which enable it to ren
der effective assistance to nations
engaged in the war against Hitler.
The contemplated revision of the
Neutrality Act may implement our
national policy and may enable the
United States to go a step further
in rendering material assistance.
Provisions of the neutrality legisla
tion prohibit American ships from
going into the ports of belligerent
countries. If Congress should see
fit to repeal this prohibition, this
nation would be, standing upon its
rights under International Law.
The "shoot on sight" order, issued
to the warships of the fleet, is not
equivalent to a declaration of war.
American vessels have been molested
in the exercise of their international
right to travel upon the high seas
and the nation proceeds to take
necessary measures to protect them
in their right. That this involves
offensive action against German U
boats and planes is a result of the
tactics employed by Germany in at
tacking our vessels.
Prior to the passage of our neu
trality legislation, American indus
try had a perfect right to supply a
nation engaged in war with anv ma
terial that the belligerent could be
persuaded to purchase. The revised
neutrality Act nut into effect th
cash-and-carry plan but this has
largely been nullified bv the bmd
implications of the Lend-Lease Act
under which the United States Gov
ernment has appropriated huge sums
ior tne purchase of war -materials
for the use of the nations fightinjr
Hitler.
While it would be erroneous to
say that the United States is now at
war, it would be just as much in er
ror to assert that the United States
is neutral. The spirit of neutrality,
as applied to nations at war, implies
equal treatment to the belligerents.
There is no equaliy whatever in the
attitude or conduct of this country
to tne oemgerents now at war.
Certainly, the Axis powers, who
invented and applied the theory of
non-belligerency in Spain and else
where cannot complain. Moreover,
the United iStates is within its
rights in acting in any way it sees
nt to defend its vital interests,
The foreign policy of the nation,
President, is ' based upon the belief
that the future peace and prosperity
01 uua vuuuiry ibuukoo um uoiom
of Hitler and the Axis group. Short
of actual participation as 'a. belliger
ent, the ' United States 1 is . leaving
nothing undone to bring : about the
desired result. l? -
The vast advantage that Nazi
Germany possessed, by virtue of her
industrial preparation for war, is
being gradually overcome by the or
ganization of our economic resources
for war. In time, our industrial
output will become the decisive fac
tor and the likely possibility appears
that our policy will accomplish ' tae
defeat of Hitler without involving us
in direct participation in the war.
The danger of actual , involvement
exists only if Hitler and his allies
decide to attack us directly. At the
present stage of the war's develop
ment, this seems unlikely but the
future is uncertain and subsequent
events may lead to actual fighting.
There is little reason to suspect
that a conflict could be avoided by a
policy of complete neutrality on our
part.
So far as we can determine, the
only possible chance fof the United
States to escape eventual involve
ment in the war depends upon the
defeat of Hitler by Great Britain and
Russia. Consequently, everything that
we do to strengthen the fighting arm
of the enemies of Hitler has a ten
dency to postpone active participa
tion. This conclusion justifies our
recent policy and appears to be in
accord with the overwhelming
weight of public opinion.
cerning the refreshment stand at the ' charge ; of the r program
fair srrounds. lira. Tommie tlatth-
ews,.;rs. J. B. Basniglit, Mrs. Wins
ton' E. Lane and Mrs. Irvin hedbee
were named to, serve at the stand.
It was moved and carried that the
names ' of members not" attending a
club meeting during the year should
be taken frost the roll until the
member returns. -
Mrs. W. E. Lane, Mrs. A. L. Tiver
ton and Mrs. Sidney Layden were
appointed as a nominating . commit
tee to nominate new officers for the
coming two years. "
The club voted to purchase Curtain
stretchers and Mrs. Walton Lane
was appointed to select and order
them.
Mrs. Tommie Matthews was In
Sl&s.,
' rett- ,
; ad ' T
Si
reuiions." . i 1
'After ' the 'program
America" was sung an
fag1 demonstration on ",
Its Care" was given Jby
Basnight, assisted by Jliss iwMun.
, Mrs. Tommie, Mattnews .gave
brief talk on Farm and Home We
held at State College in August.
- During the social . h d u r
Winston E. Lane conducted a-v
Interesting contest "Finding a Mad,1
with Mrs. J. B. Basnight winning1 the
prize. ; - :
Jimmy Why do 'you call my
a silent' belle?
Toni I kissed her the other night
and she never told.
B S
&
mh: ;
airy
BURGESS CLUB MEETS
The Burgess Home Demonstration
Club met at the home of Mrs. Josian
Proctor on Wednesday afternoon.
The president called the meeting
to order. The members sang Juan
ita and repeated the Collect.
The roll was called and the min
utes of the previous meeting were
read and approved.
During the business session Miss
Maness made announcements con-
1 jKf iji
r are VOU"fom
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NOTICE!
rHE FOLLOWING NEW PRICES
ARE NOW IN EFFECT:
Shaves ..... .20c
Tonics 20c
Our prices for other services
remain the same.
We Close at 7 P. M. Monday
Through Friday
BiU!s Barber Shop
Skinner's Barber Shop
HERTFORD, N. C,
MR
& OH 089
Sty. , : ' v
The exclusive Omley "Floating Jewel Tone System" (Pat.
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By virtually eliminating all turf ace noise and needle scratch,
this revolutionary CrosTey development brings out with com
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