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H«denoB?i]|« N«w» EitabliiM ia ISM Handeraoavfll* Times Eitablitked la 1M1 Published every afternoon ezecpt Sunday at 227 North Main street, Hendersonville, N .G* by The Times-News Co., Inc., Owner and Publisher. TELEPHONE «7 J. T. PAIN - Editor C. M. OGLE ——-Managing Editor HENRY ATKIN — City Editor SUBSCRIPTION RATES By Times-News Carrier, in Hendersonville, or else where, per week 10c By Mail in Hendersons:lie, per year >5.00 Due to high postage rates, the subscription price of The Times-News in Zones above No. 2 will he based on the cos^ of postage. _____________ | Entered as Second Class Matter at the Post Office in Hendersonville, N. C. TUESDAY, FEBRUARY 14, 1933 BIBLE THOUGHT 'GIVE US THIS DAY OUR DAILY BREAD" (Matt. 6:11) This day our daily bread, * This day alone. Tomorrow will a loving God Care for His own. Content to leave with Thee Tomorrow, the unknown. We ask the manna of Thy love This day alone. —Bonnie J. McClelland. | NEWSPAPERS' OPINIONS COUNTY CONSOLIDATION i I* The legislatures of thirty-six states are conven ing in regular session this year . Probably others will meet in special session. In most of these as semblies important legislation will be introduce! looking toward a reduction in the cost of locr.l government. In some states taxpayers' organiza tions are submitting comprehensive, if not revolu-j tionary, programs of reorganization and retrench- j ment. In the improvement of county government North Carolina has: already advanced beyond most states, thus there exists less need for radical changes than in some other states. For the most part the short comings which now exist in North Carolina are not due to ffcwhy laws but to weaknesses in admin istration. The enabling legislation has already been enacted. For distance, the way has been paved for competent accountants and strict budgeting con trol, the abolition of the treasurer's office, the ap pointment of a purchasing agent or county man ager, and the joint support of certain services or agencies by two or more adjoining counties. More over, a state agency has been created to assist counties and other local units in solving their fisial and administrative problems. The failure of cer tain counties to measure up to the high standards contemplated by the law or to take advantage of its provision call for local enterprise rather than legislative action. There is one major reform, however, to which the legislature should give its attention. This is one which is beinsr agitated in no less than thirty two states, and which will probably be given legis lative attention in a number of them. Reference is made to the problem of county consolidation. There is pretty general agreement that there are more units of rural local government today than are needed with modern methods of transportation and communication. Specifically, in the South, there are too many counties. This is true in North Carolina. The State has one hundred counties dif fering widely in population and wealth. Many of them lack the capacity to support the services es sential to t£e development of an enlightened and cultured rural civilization. This is mainly because there are more seats of government than there are trade centers, more taxing units than there are trade and resource areas. There are forty-six counties which do not have a town of 2,500 popu lation. There are at least thirty counties whose county seats are not developing into active trade centers. The people of these counties are doing their banking and trading in the larger towns of adjoining counties. The result is that the accu mulating wealth of these larger towns is taxed to support a smaller area than that from which it is recruited. The strictly rural counties thus suf fer a high tax rate, or inferior governmental serv ices, or both. As a matter of equity county boun daries should be recast to conform with the new and larger economic areas which modern trans portation has brought into being. Again, it will be generally found that it is the poorer counties which have the most inefficient of fices, the most lax financial practices, and the high- ] est overhead costs in relation to volume of business I done. It is reasonable to believe that if each of these weak counties were annexed to a richer adjoining county the administrative staff of the larger county would have to be increased hardly at all, a better quality of service could be extend ed over the whole area, and the tax rate enjoyed by the whole area would be only slightly, if any, above that of the more favored county now. That is, it would probably be true except for the item of debt service. If the debts of the two or more counties entering into the consolidation were not in the same proportion to assessed value no injus tice need result, for each could remain a taxing district for debt purposes until the debt was liqui dated or equalized. The consolidation, or better the redrafting, of counties might therefore be expected to reduce and equalize the cost of local government, improve the quality of public services, and increase the dignity of the county offices. Most important of all, the enlargement, in some instances, of the local unit of government, making it coterminous with an economic area and giving it a strong trade and culture center as its capita!, might prove to be the tonic necessary to revive and strengthen lo cal self-government. It is important that local self-government be preserved, but if it is to be pre served the local political unit must be expanded to conform to the larger social community which mc cm transportation has created. A reduction in the number of counties will nec essarily mean that some county-seat towns must surrender the courthouse and such advantages as its presence brings them, but most of these towns are declining despite the presence of the court house. Farmers and villagers that used to trade near home are now going ten, fifteen, or twenty miles to do ths bulk of their trading. The per petuation of superfluous seats of government will not check this trend. It is one of the products of the automobile. Progress has always involved eco nomic injury to certain individuals and certain communities. Many of the little country villages' are doomed as trade centers unless their merchants I and tradesmen are unusually alert. The presence or absence of the courthouse will not greatly affect them. It is not fair to the taxpayers nor to the j cause of democracy to postpone a logical and need ed political reorganization in order to give a doubt- I ful benefit to a few merchants. It is not suggested that there be a hasty or whole sale consolidation of counties in North Carolina. It is 3Uggested that the legislature consider the absorption by stronger adjacent counties of six or eight small weak counties that are so lacking in unity and taxable resources that their perpetuation as separate counties is obviously impractical. Then it would be desirable to provide for a state-wide survey covering the distribution of population and wealth, population movements, the growth and vi tality of trade centers, the extent of trade areas, and the determination of the boundaries of exist ing natural communities as a basis for promoting furthed county consolidations or revisions. The survey should also consider the amount of debt in each county, the condition of county buildings and the use to which they could be put if the county seat were discontinued, and the sentiment of the people in respect to consolidation. Hasty and ill advised legislation should be avoided, but the time has come for a careful study of the areas of local I government in this and every other state.—Paul W. Wager. ROTATION IN OFFICE Thirty-six years after the Constitutional Conven tion had completed its labors Madison wrote: "The difficulty of finding an unexceptionable process for appointing the Executive Organ of a Government such as that of the United States was deeply felt by the Convention; and as tho final arrangement of it took place in the latter stage of the session, it was not exempt from a degree of the hurrying influence produced by fatigue and impatience in all such bodies." The proposal made by former Governor Frank j 0. Lowden of Illinois that as the next major gov ernmental reform Presidents, Vice-Presidents and Governors be made ineligible for re-election is 0110 that in one form or another has been made fre quently in the course of American history. Mr. Lowden believes that a single term of six years would offer a President every opportunity to carry out a useful program and would free him from ever-present temptations to use the first term as a stepping stone to the second. The founding fathers were not in clear agree ment upon the mode of electing a President. After a great deal of debate in the course of which they changed their minds many times the delegates to the Constitutional Convention on July 26, 1787, arrived at an agreement that the President should be appointed by the National Legislature for a term of seven years and should be ineligible for a second term. This latter condition was consistent with a tradition as old as American politics: that of rotation in office. A committee of the Continen tal Congress five years earlier had reported that the security of the State dependerl upon frequent elections and rotation in office. The Articles «-f Confederation provided that no member of Con gress should hold office for more than three years in a period of six. Mason argued that the "great officers of the State, and particularly the Execu tive, should at fixed periods return to that mass from which they were taken." Though the Constitutional Convention eventual ly laid aside its plan for a single seven-year term in favor of the proposals of the Committee on Postponed Matters, now incorporated in the Con stitution, there have been those in every genera tion who have questioned the wisdom of eligibility to re-election. Jackson discussed the single term in his inaugural message in 1829. The Democratic platform of 1912 advocated it, but, as President Wilson effectively disposed of the issue. In Mr. Lowden this age-old issue has found a powerful and disinterested advocate, who demonstrated in his own political career the assurance that springs from voluntary devotion to the doctrine of rota tion in office.—New York Sun. BOOT-STRAP BUILDING The monthly figures on construction in the South, as gathered by The Manufacturers Record, are pleasant enough when taken as a lump sum. Everybody is glad to know, for the sake of the contractor and the workingman, as well as his own, that contracts awarded in January exceed $19,000, 000, which in turn exceeds the contracts let during each of the first two months last year. Progress is progress, but there might be some doubt as to whether we are moving forward or backward if we break down the total figure and examine its parts a little more closely. For example, "Central Building," which is to say private building, accounts for contracts of a million and a quarter, while "Public Building," which is to.say at the immediate ultimate expense of the taxpayers, runs to nearly six millions. Roads, streets, and paving, all of them activities customarily paid for in whole or in part with tax money, aggregate $8,000,000 or somewhere near 40 per cent of the total contracts awarded. Fur ther, under the classification "Industrial and En gineering Projects," it develops that by far the greater output of money is for dredging, levees and dikes, sewers, drainage and water works, all i of which may be relegated without much question to the general category of public construction. Progress is progress, to be sure, but does it not occur to us that we are backing as fast as we can into tfye reality of state capitalism? Only govern ment has money to spend?—Charlotte News. I It's getting worse all the time. Amony the ma terials for spring hats is a straw made of artificial d- silk. Fascism Will Never Be Popular Here HOOVER TO AID CONSTRUCTIVE LEGISLATION (Continued from pace one) we shall do so in the future is our solemn responsibility. "The Republican party will sup port the new administration in every measure which will promote public welfare. It must and will be vigilant in opposing those which are harmful. "Further steps toward economic recovery is the urgent problem before the entire world. Cease less effort must be directed to the restoration of confidence, the vanquishing of fear and appre hension and thus the release of, the recuperative spirit of the world. "During the past two years the crash of one foreign nation after another under direct and indirect war inheritances has dominated our whole economic life. The time Statement of Condition LABORERS BUILDING AND LOAN ASSOCIATION v / Of Hendersonville, N. C. As of December 31st, 1932 Assets The Association Owns: Cash on Hand and in Banks $ fiOO.OO Mortgage Loans 296,639.73 Money loaned to shareholders for the purpose of enabling; them to own their homes. Each loan secured by first mortgage on local improved real es tate. Stock Loans Advances made to shareholders against their stock. No loan exceeds 90 per cent of amount ac tually paid in. American Bank & Trust Company Accounts Receivable Temporary advances for In surance, Taxes, Etc. Office Furniture and Fixtures Real Estate Sold Un der Contract 34,984.13 Real Estate Owned _ 111,023.81 Other Assets: Returned Checks un collected 61.23 Taxes and Insurance advanced 95)8.27 8,919.62 2,750.00 920.03 500.00 Total —?457,0117.42 Liabilities The Association Owes: To Shareholders Funds entrusted to our care in the form of payments on stock as follows: Installment Stock, $73,920.25; Dorm ant Accounts, $036.06; Reserve for Taxes and Losses on Real Estate, $22,703.96; Full Paid Stock, $330,200 __ 433,460.26 Bills Payable 7,000.00 Money borrowed for use in making loans to members, or retiring matured stock. Each note approved by at least two-thirds of entire Board of Directors as re quired by law. Accounts Payable 5,452.17; Undivided Profits - 10,446.01 Earnings held in trust for distribu tion to share-hold ers at maturity of stock. Other Liabilities: State Trust Co. — 648.95 Total $457,097.42 State of North Carolina, County of Henderson, ss. Hestley # A. Stepp, Secretary-1 Treasurer * of the above named Association, personally appeared before me this day, and being duly sworn, says that the fore going report is true to the best of his knowledge and belief. Hestley A. Stepp. Sworn to and subscribed before me, this 1st day of Feb. 1933. H. Nell Jones, Notary Public. My Commission Expires Feb 2fi" 1934. * ' has now come when nations must accept, in self-interest no less than in altruism, the obligations to co-operate in achieving world stability so mankind may again resume the march of progress. "Economic degeneration is al ways a series of vicious cycles of cause and effect. Whatever the causes may be we must grasp these cycles at some segment and deal with them. "Out of the storm center of Europe this devastation has spread until, if we survey the world situa tion at the present moment, we find some 44 countries which have placed restrictions upon the move ment of gold and exchange or are otherwise definitely off of the gol l standard. "Ever since the storm began in Europe the United States has held staunchly to the trold standard. "We are ourselves now con fronted with an unnatural move ment of good;? from the lowered costs and standards of countries of depreciated currencies, which daily increase our unemployment and our difficulties. We are con fronted with discriminatory ac tions and barriers stiflinsr our ag ricultural and other markets. We "will be ourselves forced to defen sive action $o protect ourselves unless this niad race is stopped. We must not be the major victim of it all. "If the world is to secure eco nomic peace, if it is to turn in the tide of degeneration, if it is to restore the functioning of the production and distribution sys tems of the world, it must start ^somewhere to break, these vicious fiscal and financial circles." I am convinced that the first poin" of attack is to secure assured great• er stability in the currencies of the important commercial nations. Without such stability the con tinued results of uncertainty, the destruction of confidence by cur rency fluctuations, exchange cor trols and artificial import restric tions cannot be overcome but will continue to increase. With effec tive stability of currencies these dangers can be at once relaxed. I am not unaware that currency in stability is both a cause and an effect in the vicious cycle—but we must, start somewhere. "This brings me to a phase which has gradually developed | during the past months, and tbat' is the reactions and relation of Erold itself upon this situation. | For, independent of other cause-? j of degeneration. 1 am convinced I that the circumstances which sur- i round this commodity are contrib uting to drive nations to these in-j terferences with free commerce i find to other destructive artifici-1 nlit ies. "In all the welter of discussion I aver these problems we find some 1 who arc maintaining mai, world has outgrown the use of gold as a basis of currency and exchange. The time may come when the world can safely aban don its use altogether for these purposes, but it has not yet reached that point. It may be that by theoretically managed currencies some form of stability may be found a score or two years hence, but we have no time to wait. "To adrl to the confusion, an other phenomenon of the gold situation has increased disturb ! ance and wrought havoc. That is the effect of waves of fear and prehensions directed in turn to apprehension. The fears and ap the stability of first one nation and then another have caused the withdrawal of foreign balances from a particular nation, fol lowed by flights of capital, thru purchases of exchange by its own citizens seeking refuge and se curity for their property. These movements are followed by large flows of gold to meet exchange demands, thus undermining the domestic currency and credit sys tem of the victim nation and lead ing to an unnatural piling up of f gold in some nation temporarily considered safe. "In the meantime the curren cies of the world are fluctuating spasmodically. Countries off of the gold standard are in reality suffering from their managed pa per currencies by reason of the fact that men are unable to make contracts for the future with se curity. and that insecurity itself again dries up enterprise, busi ness. employment, consumption of j goods, and further causes reduc tions of prices. Other nations to: hold their own are attempting to compete in destruction. "Broadly, the solution lies in the reestablishment of confidence. That confidence cannot be reestab lished by the abandonment of gold as a standard in the world. The huge gold reserves of the world i can be made to function in rela-| tion to currencies, standards of value, and exchange. And I say with emphasis that I am not pro posing this as a favor to the United States. It is the need of the whole world. The United States is so situated that it can protect itself better than almost any country on earth." POLICEMAN PREACHES j FORT WORTH, Texas.—(UP). Two boys, 15 and I), started to church here one Sunday morning, but listened to a sermon by Po lice Captain Henry Lewis instead. The youths pulled a fire alarm box for fun. Captain Lewis preached on "civic righteousness" at headquarters. BEHIND THE SCENES IN WASHINGTON WITH RODNEY DUTCHER iSY HODNI-LY Dl'TCIIKK .\K.V S«»rv i«*»' Wrilcr IV7ASHINGTON. — Prcsid fe n t ** Hoover's early plans for life as 5ii ox-president are now fairly well worked out and if is understood that lie doesn't intend to make any speeches, publish any writings or accept any job until at least nine months after he leaves the White [louse. Nevertheless, the impression has drown steadily that Mr. Hoover has no idea of renouncing politics Tor all time and that he expects to continue as leader of his party. Kepuhlicans who don't want him to continue in control have thus far failed to get together and do some thing about it and there is no as surance of a. definite crystalization :>f the anti-Hoover sentiment even after March fourth. Many Re publicans, after the manner of Hoover himself, prefer to wait awhile and see what happens to the Pcmocrats before making any dras tic reorganization. v The understanding that the pres ident will take Secretary of the Treasury Ogden Mills along with him if be returns to California by boat through the Panama Canal, with a few days off for fishing en route, is taken to indicate that Mills—a political power in New Vork state and often suggested as :lie G. O. P. 1936 presidential candi jato—is not likelv to narticinata1 'in any cnriy movement within Hit | party which would conflict witli I Hoover's desires, such as the oust ; ins of National Chairman Everett Sanders. Meanwhile there is great intere;\ I in the likelihood that Hoover wiP make a political speech to Repub licans sometime before inaugura tion day. "Whether Hoover returns to Call fornia through the canal or by train, he and Mrs. Hoover are re ported both confirmed in their in tention to sail through the Soutl: Seas and perhaps around the world later this year. * * * /CABINET members are beginning to take their chairs from the White House cabinet room, in ac cordance with an old custom. Sec retary of the Interior Wilbur was the first one to get his. Retiring cabinet members pay for these chairs. * * * 'T'HERE'S apparently no lougev A any doubt about what Mrs. Net tie Garner is goinp to do after Speaker Jaok Garner becomes vice president. She insists that she is going to keep right on being his secretary. The Garner force will be reduoed, as the secretarial work of the vice president's office is not nearly as heavy rts that of the' sneaker Persians Want More Profits In Oil Transaction By EUGENE LYONS United Press Staff Correspondent TEHERAN, Persia, Feb. 14. (UP)—The most impressive charge against British oil inter ests voiced here is that they have diverted to alien purposes finan cial resources which should have increased the profits ot' the Per sian undertaking. The semi-official Iran publish ed a list of eight Anglo-Persian subsidiaries "which have come into existence at the cost of Per sian oil and which have accumu lated so much capital." Why, asks Iran, should we be debarred from participation—at least to the 16 per cent provid I ed by the concession—in the pro fits of these subsidiaries? Are we not one-sixth partner? TAX DEMANDS The Persians also demand thai the company pay all internal taxes, both corporate and on in dividual incomes, like any other business organization functioning on Persian soil. They want enough of a share in the man agement to watch expenditures and accounting. Underlying these demands is a dissatisfaction with British meth ods in general. It overlooks the benefits of British commercial activities and fastens on those elements which touch national pride. Confronted with the hospitals, schools, roads, etc., built by the company and the genera civiliz ing influences brought by the British. Persians admit the facts, but minimize their importance. These things, they say, w necesary to British control an" are no altruistic enterprise. reflection of nationalism The- annulment of tho c„nce; sion was a reflection in ;i ,|,JU" ble sens'.! of Persia's fledplj,,' rrationalalism. On the one han,. it, wasa n irascible «"xpr<js.-ir,n (if the nation's new-horn |ta?*i0n for bossing- its <>\\n household On the other, it attestes its ^ ' sperate financial straits. With costly railroad,; beim laid, with the first factor^ ... army being consolidated ' l>J!? is extremely hard pre-=si<l * i vr , .. .. • <-1 % lam, "»" v,"~ 1 "',l lift. dor construction, with a - ■ I . -. . .'<1 cash. Naturally oil was the ,-hief hope. Not only docs Persia want a larger share from the ..ii already flowing but wants undeveloped areas worked. OLD DEED HELD WATERLOO, N. Y.—(ipu What is believed to l»c the olde> deed in existence is held by fJOol F. llodine of Waterloo. The do\ ument i.s 205 years old, hut i» spite of its age is txcoptionallv well presetv«.ii and the writing quite legible. HEALS AND PREVENTS" chapped hands and face, or any irritation of the skin. BENZOINATED CREAM LOTION A disappearing lotion, leaving» soft, smooth skin. Excellent t» use after shavintr. We manufic. ture and fully guarantee this W, tion. If you are not ontirehi satisfied we will gladly refund your money. Lacked by 50 years experience in the drug business THE JUSTUS PHARMACY Reliable Druggists Hendcrsonvillc, N. C. w " ^ ^ " • * r I (READ THE STORY, THEN COLOR THE P1CTIKE) *4TVT0W that the mail plane's ^ ' sailed away with all the val intines, let's play with ycraps that are l«ft in the house," said Duncy, with a grin. "We'll make kome things all of aur own. Gee, I can paste one up, alone." The Tin'.es rushed hack to the house and promptly scam pered in. The valentine man said, "Well, boys, do what you wish. Make lots of noise. While you are having fun, I'm going to make a little lunch. "76u nelpcd me with my work, you see, and so I think it's up to me to pev you hack, and eating is a very happy hunch." » • t 46V"OU bet it is." said Scouty "I will try t«j help. At least I'll Cry." So, while the others cut out paper, Scouty lent a hand. A little table soon Was set and all the food that they could get was spread around it. 'Twas a luncheon that looked grand. Then Scouty shouted, "Here's a' treat! Hey. all you Tinies. come and cat! You've never seen a let ter spread, and there is lots fc: all." "Ho. ho." cried Duncy "'TnoB't take long to lioj) risht up whew I L-elonjcr." The others joined him, in response to Scouty's lunchwj call. * « # 'T'HEY all ate till they'd had tbelf till. Then Duncy said. "I'm in most ill from stuffing. M take a nap and thea I'll feel !j trim." As soon as he was slcepiri sound, wee Seouiy said, "Let's gather 'round and make a h-MT valentine, just for a joke ca him-' Tho Valentine man said, "II draw tho funniest face you ever saw. If Duncy i.» Kood-natured.lt will fill the lad with pice." It wasn't Ioiik until they wob wee Duncy, so he'd f^e the jofc lie gazed upon the sketch and us he laughed and said. "It o nic!" (Copyright. 193.'!, NKA S IM (TIjo Tiniest float ;nvay on ihft balloon, in tlie ncu s»tcry.) - THIS CURIOUS WORLD - IT IS ESHA'VATED THAT THP £ARTf> . RECEIVES ONLY ONE two-b/luonth oF the. . SUN'S K&A'' HORSEBACK RIDING WH(CH DEVELOPS" A SENSE OF FEEL AND BALANCE, TENDS TO MAKE BETTtB AIRPLANE PILOTS THAN AUTO DRIVING-. © 1933 BY NCA SERVICE, INC. ; CODFISH . ARE THE "GOATS "Of FISH TRIBE:. SCISSOR^ KNYeS, FINGER RINGS, OIL-C**9' POTATO PEELINGS, OF CLOTHING, PDB6ER I** AND CORN COt£ HAVE BE TAKEN FROM THEIR STC*^ ^ if il ^ HANDLING the reins of a high-spirited horse gives the\ a smoothness and precision of touch that is needed ?.t thct v trol» of a plajje, while hugging the steering wheel aa a'"*v hue tends to make a driver "haui-handed."