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The times-news. [volume] (Hendersonville, N.C.) 1927-current, February 14, 1933, Image 2

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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.
J. T. PAIN - Editor
C. M. OGLE ——-Managing Editor
HENRY ATKIN — City Editor
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.
(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.
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
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.
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.
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
(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
"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
Of Hendersonville, N. C.
As of December 31st, 1932
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
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
advances for In
surance, Taxes, Etc.
Office Furniture and
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
Total —?457,0117.42
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
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
"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."
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.
.\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
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
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
* * *
'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'
Persians Want
More Profits In
Oil Transaction
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?
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
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
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 - ■
. -. . .'<1
cash. Naturally oil was the ,-hief
Not only docs Persia want a
larger share from the ..ii already
flowing but wants undeveloped
areas worked.
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.
chapped hands and face, or any
irritation of the skin.
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
Reliable Druggists
Hendcrsonvillc, N. C.
w " ^ ^ " • * r I
*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
"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:
"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
* « #
'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
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.)
£ARTf> .
oF the. .
^ 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."

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