ALLEGHANY STAR if TIMES The STAR, established 1889. The TIMES, established 1925. , Published Every Thursday At Sparta, N. C. ' Walter S. Mead, Editor and Publisher Paul Swanson, Advertising Office in Transou Bldg. opp. Post Office One Year by Mail .-. ?1.50 One Year by Mail in Alleghany County .... $1.00 All Subscriptions In Advance Entered at the Sparta, N. C. Post Office as Second Class Mail matter. I Alleghany County Formed in 1859 Area, 209 sq. miles or 133,760 acres Elevation, average, 2,700 feet. County Seat, Sparta, population, 652 County Officers: . Clerk of Court .-----. A. F. Reeves Register of Deeds .--.- T. M. Gambill Sheriff and Treasurer . DeWitt Bryan Coroner .. Dr. B. O. Choate Surveyor ... 4- 0. Sparks Superintendent of Health -- Dr. B. O. Choate Superintendent of Schools .......... W. C. Thompson Superintendent of Public Welfare ...... Lillie Ervin Farm Demonstration Agent .—. R. E. Black Chairman Board of Education . T. Roy Burgiss Chairman Board of Elections —— Amos Wagoner Game Warden and Forest Warden .... R. D. Gentry County Attorney ... R. F. Crouse County Commissioners: V. B. Phipps, Chairman, Mouth of Wilson; Mac D. Wagoner, Whitehead, and J. C. Gambill, Independence. Thursday, December 5, 1940. A Thought for the Thoughtful BE A FRIEND When your lucky star, is shining And dame fortune favors you, You will .find your good luck sweeter, If your neighbor shares it, too. There’s a heap of satisfaction, When a helping hand you lend, Just to know that someone’s happier ’Cause you paused to be a friend. fjnii • 0 “Let There Be Light >> ..h What Is Capitalism? The head of one of America’s larg est banks recently had this to say con cerning capitalism : “Business must have capital. What is capital? Savings. Whose savings? The people’s, yours, your friends, your neighbors. “Everyone who saves something from his earnings and puts that money to work, or has it put to work for him, is a capitalist. “That is the American way, the way in which America has been built. Capitalism is democracy—at work.’’ That’s simple, and it’s sound. Capi talism is a term too often used to mis lead the uninformed and create political discord. The truth is that capital is the collective invested savings of mil lions of people—the man with a hun dred dollars, the woman with five hun dred. That’s what the capital in the na tion’s banks consists of. The average bank deposit is small. But put millions j of those accounts together and you get real money—the money that goes to build homes, to start businesses, to ex pand industries, to make jobs, and to do the thousand and one things neces sary to keep American industry expand ing and employing labor. The nation’s bankers are simply the custodians of this capital. They don’t own it. Tl^ are hired managers, re sponsible iflka&ir depositors and con trolled by ^^ftr'ctest kind of laws. It’s their job t^^H it to work where it is safe—and it will be employed in building up l^Hwealth and the resourc es and the tWnomic and social values of America.*The great majority of American fairies are capitalists. Their future security depends cn invested say ings in industries, ir. fife insurance, in land, etc. Any ~ olitical trend which weakens our private enterprise system, strikes at individual savings—capital. ,m! 1 Other Editors* Comments ——I.IIIIIIWIHM>H>tMHIIimiMMIM«W»«HHmHHIMIW4Hm