Henderson daily dispatch., December 19, 1932, Page PAGE FOUR, Image 4

About Henderson daily dispatch. (Henderson, N.C.) 1914-1995

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PAGE FOUR
HENDERSON DJULY DISPATCH
■iUUtoM AiffMt M. IW4
Pl>lt>«t tTtff AtMMM ■
■UDBAIOM uismct CO ri lift
• I It lITMI
■I.VRT A DENNIS, Pr*a. and Mdltor
U. L FINCH. 3«c-Tr«aa and Bua. Mgr,
TKLKPEOKEI
Bdltorlal Ulrica m.mm-mmm
•oclaty Editor •}•
Suilbcn Office- HI
Tha Hendaraoa Dally Dispatch la *
■laanbar of tha Associated Traaa, News
paper Enterprise Association, South
ern Newspaper Publishers Association
and tha North Carolina Press Aaaocla-
Uoa. . ,
Tha Aaaoclatad Press la exclusively
eat it l«*d to uaa for republieatlun all
• aawa dispatches ci edited to It or not
otherwise credited In this paper, and
alao the local aawa pnhliahad herein.
All rights of publication of aitoclal
r tiapatches herein are also reserved.
atHtcHiprio> rsicKs.
Payable atrletly In Advasea.-
ttna Tear H.H
■lx Months l.A®
Three Months 1.11
' Par Copy .M
NOTICE TO SI HNCHIHKK9.
Look at the printed label on your
paper. The date thereon shows whan
Aha subscription expires. Forward
pour money in ample lima for re
newal. Notice data on label carefully
and if not correct, please notify us at
once Subscribers dviinnx tha address
nn their paper changed, please state In
tbalr communication both the ODD
ano NEW address.
Patte»nl Advertising Hep.reeatatives
FROST, LAMMS A kIIU.M
111 Park Avenue. New Jerk City; It
Bast Wacker Drive, Chicago; Walton
Buildm*, Atlanta, Security Building,
•t. Louis,
Catered at the post office In Hender
•*-n N. C., aa second class mall matter
c -iatrr ros ron cH»i>r
InABaWM
WAIJi WITH CHRIST As ye have
therefore i»ceived Christ Jesus the
Ixird si.w nlk ye in him. Rooted and
bull; up in him. and stabluhed in the
faith, as ye have been taught, abound
ing therein with thanksgiving Co
loaiaius 2. 6. 7.
THE DEBTS MKKRY-GO-KOI’NH.
Politician Tell me Mi Economist,
why Is it these European countries
are making such a fuss just now
about their debt payments to the Unit
ed State**" Haven't they been paying
ever since ’.he war"
Economist No. in one sense they
never have paid anything
Politician How's that. The books
show that they have paid about
OOP.A** .o<k).,
Economist Yes. but in effect the
money has come from the United
•States. Thete has been no transfer of
wealth from east to west across the
Atlantic. In fact. Europe owes Am
erica more today than when the war
ended
Economist Yes. Until September.
IRIS*, interest was paid ditectly out
of fresh ctedits. Then when govern
ment loans to Europe stopped, pay
m* nts also stopped.
Politician I didn't know there was
a moratorium then. How long did it
last ?
Economist For Britain, until June.
1919; fin Italy, until November. 1925.
and for France, until April 1926.
Politician But then the debtors
started paying
Economist Yes; but indirectly the
money came from private loans by
Americans.
Politician How could it? Those
loans were not to the debtors but
went cniefly to Germany, and not even
to the German Government.
Economist True. Yet the capitat
thus suppled built up German indus
try and filled the gap made by the
German Government requirements for
internal loans and taxes which went
into rep.it at ions. These in turn went
to the debtors or. under the Young
plan, largely to the United States.
Politician That seems a very
roundabout process.
Economist It was; but without the
stimulus of American loans Germany
could hardly have continued to pay
reparations. When the break in 19*29
came and the flow of such wealth to
Europe ceased, it soon became ap
parent that the rest of the merry-go
round the chain of reparations and
debt payments must also stop.
Politician Was that what forced
the Hoover holiday?
Economist Yes. For a year and a
h ilt thete have been no payments,
and by the Lausanne agreement the
holiday has been made permanent and
virtually complete except for the debts
due the United States.
Politician Thin “resumption" ol
paynten’s on December 15 is really a
•beginning, a new effort to transfei
debt installments from Europe tc
Aoierica ?
Economist Yes. and without restat
ing the other portions of the transfei
merry-go-round. American loans ant
German repatations. The Christiar
Science Monitor.
F.M> TIIK TRAGIC FOLLY!
Soon or lat. the Government and
the people of the I’nited States must
be sensible about war debts and re
parations. They may be sensible now.
after great wieckage has been
wrought by blind efforts to set the
economic relations of nations into
fantastically artificial molds. Or they'
may be sensible later on. after the
wreckage is complete. What is plain
is that the facts of the case will not
he denied
The thing to do us to sweep thin
ghastly mess out of doors, once and
for all. It will not be easy to do -if
amailbore statesmanship is to con
tinue to rule us. The party records
■are against intelligent action. The
congressional attitude has been
against intelligent action. The popu
lar mind has been miseducated in
a holesaie measure for more than a
©ecade.
In party conclaves, congressional
sessions and popular gatherings,
thinking h« been ruled by “patriots"
•who apply o interna onal finance
,„ K » trade lb? U'ext'ii* of th' village
note-shaver, and by “statesmen” who
cower miserably at the bare sugges
tico. of ‘-he taunt that they are out
smarted and outbargained by for
ei|-ncr-.‘
Ignorance of tie nature of world
economics and gnawing fear among
pur wretched little men in Ugh
hav* caused us iong decade to turn
our faces from the appeals of reason
mnd enlightened self-ijftgrest Mr.
■ liocver’s statements about substitut
ing specific trade advantages for
money payments has been so vague
as to be almost unintelligible, but at
least these statements have implicitly
recognized the exigencies of the hour
and hav not confirmed old error. Mr.
i Roosevelt's recognition that debts
cannot be paid while tariff embar
goes are maintained failed to proceed
to the practical corollaries of the
hour, but they added nothing tangible
to the mountain of error that had
been accumulated. It is possible now
for these two men to come out
squarely before the American people
with the whole truth and to shake
the people, and their representatives.
• nto the beginners of good sense.
After all. the thing is very simple.
The moment you compel a nation to
deliver a prescribed sum annually to
another nation you compel the first
nation to seek by all manner" of
means to create a balance of trade
abroad from which the payment may
be made
It is not a natural effort of trade
which may be mutually beneficial. It
is an unnatural and artificial effort
which, under the most favorable cir
cumstances. may play havoc with nor
mal trade and all interested therein.
Make that artificiality well-nigh uni
versal with Germany struggling to
get a balance to pay France and Eng
land and Italy and other nations, and
with all these nations struggling to
get a balance to pay the United
' States.
Then go to your next step. It is the
maddened building of tariff walls to
. guard against the pushing in of arti
ficially ordered trade from all the
struggling nations..
It is all simple enough, if people
will stop using the thinking mu
| chinery of the village note-lshaver.
shrilly insisting that debts are debts.
Why not tell the people the truth?
Why not tell the people that repara
tions and war debts are a clot in
the stream of commerce? Why not.
Mr. Hoover and Mr. Roosevelt, make
an end once and for all to the tragic
folly? -Baltimore Sun.
igg
JAMES "'ASWELII 1
Ni‘» Yu;k. Dec. 19 Madhattan Day
A telephone buzz at ihe fantastic
biiur of 7 a m. from the manager of
.1 Broadway dance hall, who had seen
my name somewhere and evidently
had the idea I was a sports writer . .
H? want' d me to referee some boxing
Leins between young women' and
said he’d been calling my office and
home for four day's without finding
nie in . . . Dawn was almost the only
hour left and he was determined .
Summoned from, the tub by the
postman. I am presented with a neat
package . . . It's a sample of a new
drink which resembles tea and Is sup
posed to have been the mainstay of
South American laborers for genera
tions . . . Driven by a curiosity which
will some day get me into trouble, I
brew a cup sufficient, according to
the wrapper, to “suffuse every fiber
the being with new energy” . . .
An hour later I am asleep . .
TIIE TOWN'S BEAT
Telephones again . . . voices con
fide that etude Vailee will appear in
another movie. "International House.”
a comedy of a troupe of performers
st; abided in the Orient . That
my presence is desired at the opening
of a new penny restaurant every dish
ant cent . . . That I am overdrawn
at the bank, that I ought to cover the
nn etlng of a new “art'and Life Dis
cussion Forum" which rings suspic
iously Vlllagey . .
Mme tinkles, more voices My
suii is ready, but hadn’t I better b?
measured again with that tendency to
fluctuate alarmingly in poundage? . .
Katharine Brush jubilantly announces
tha' a new novel is completed and will
I break hors douevres with her, now
that she is seeing folks again?
The typewriter man comes to fix my
portable and I'm surprised to know
that he is as helpless as I am before
a standard size machine . . In New
Ymk all the writing machine men
aif specialists, ttained to dissemble
the liver and lights of specific models;
he confesses he wouldn’t know how to
change the ribbon on anything but a
portable, reveals that his wife has but
ancient typing mill which got out of
order . . . He went at 4t and now,
two months later. there ate still a
number of parts left over.
RUBBERNECKING
I find a building which I'd never
heard of before, or having heard of,
forgotten . . A modest little pile of 66
stoi ies. the City Bank building, in
Beavers street. . The view from the
ob-M ■ rvatio ntower is astonishing:
after peeping at Madhattan ffrom the'
mid-town giants, the vista from here
make sthf. island seem lopsy?turvy,
upside down . . . And you can see
I ships apparently a couple of days ou*
’at sea . .
I Characteristic crack; About to des
leend in the elevator the bridegroom
of what is probably a honeymoon
couple inquires of the pilot. j “What
building Is this?” . . The boy patient
ly tells . . And the comeback: “Oh.
the City Bank building What sort of
buxines* is it used for?” And the bry.
still nothing daunted: “The banking
business, sir." , •
1829 Jane Cunningham Croly
iJenny June) newspaper and maga
zine ed’tor fformo re than 40 years,
probably the first professional Amer- }
lean woman journalist, born in Eng- I
• land. Died in New York City, Dec. I
29, 190 J. , 1
HENDERSON, (N.C.,V DAILY DISPATCH- MONDAY DECEMBER 19, IMS
1 Hold That Pose! Thanks? ‘ -
The camera can'i lie? Sez you! i n mstamo ....... .
wager your underwear that Captain Tom Sellers 1 EnWbh*hi Jh'div T °
w.-s caught in the act of diving from the tall build?ng showm in ,he
picture. But you d lose, for if you look a little closer, you will notice the
platform at left from which the diver took the plunge.' Cant Sellers nut
on his act to thr.ll spectators at the Miami-BiltmoiS pool m thefimSS
** lorida resort.
As Japan Hit Lytton Report
f .
s ' % £ #* i * jtmrwEk
* ♦BE miHMlii iP Jase S *
* Vn| iMLiaSlii iiWff jJisSMk. *
111. v 9
Hv IBsmbh J0&-; .
i f R '-V.
Vosuke Matsuoka, Japan’s representative at the League of Nations, is
fkfi" a S he * ddress j; d the special assembly called at Geneva to consider
the findings of the Lytton Report or the Manchurian situation. Mat
suoka expressed his country's flat contradiction of the report, which
Placed the blame for the Manchurian invasion on Jaohn. adding that the
invasion was not in self-defense as Japan had claimed.
Envoy to Canada?
* / <*
I
Nathan W. MacCliriney
Senate Democrats are expected to
block confirmation of the appoint
ment of Nathan William Mac*
Chcsney, Chicago lawyer, to be
minister to Canada, succeeding
Hanford MacNider. MacChesney
is an old friend of President
Hoover.
tamsEi
( HCkW-HPiW- ;
\HCVeJ ( -
jL, 'I USM'ft HfflChf
-j ’ OM ei2ie*Aos
’ • - OGP.NO HebJ
wohTed -
Swiss President
SB 11Jl, Hfl H
m Hr
tsr
Edmund Schultnes*
For the fourth time Edmund
Schultness, 64-year-old Swiss
statesman, has been elected presi
dent of Switzerland. Schultnesa
served as head of the Swiss re
public in 1917, 1921 and 1928.
The S.,i;s executive serves only
ni!'.’ year.
' i 6 c aT"
TODAY’S ANNIVERSARIES
1800- Israel Holmes, pioneer Ameri
can brass manufacturer of Connecticut,
born in Waterbury, Conn. Died July
15, 1874.
1814 —Edward M. Sta»ton, Liucoln’s
famed Secretary of War, born In
eiibenvilleyO' hio. Died in Wash
ington, D. -C- 24, 1869.
1820 —Mary A. Livermore, famed ed
itor. author. Icturer. anti-slavery and
temperance worker, born in Boston.
Died near there, May 23, 1905.
1820 Ada L. Howard, first president
of Wellesley College. Mass., and
World’s first woimn college president
born at Temple, N. H.' Died March
3, 1907.
1949- HenryC . Frick, noted coke
and steel manufacturer of his day,
born at West Overton. Pa. Died in
Now York City, Dec. 2. 1919.
I*s2 —Albert A. Michelßon. famed
University of Chicago physicist. Nobel
prize winner, bom in Germany. Died
at Pasadena, Cal.. May 9, 1931.
1885 —Minnie Flake, fa-
F Giving U* “Everything He • Got”
* ; 1-
1 lit. is'
mous actress, born in New Orleans.
Died near New York, Feb. 16. 1932.
TODAY IN HISTORY <
1606 - Three ships and 105 men left 1
England to establish a colony in Vir
ginia. 11
• 1776- Thos Paine published his ffirst
“Crisis,” oponingv with the historic
“These are the times that try men’s
souls”—Which revived the drooping
ardor of patriotic Ameiica.
1832—Philip Freneau, poet of the
American Revolution, died at Mon
mouth, N. J., aged 80.
TODAY’S BIRTHDAYS
Ambrose Swasey. darned Cleveland
philanthropist, tool and instrument
maker, born at Exeter, N. H., 80 years
ago. - "
U. S. Senator Gerald P. Nye of
North Dakota, reelected Inst month
! CROSS WORD PUZZLE |
p.i f urr TT..R
!_I” i_ll_
14. lts l€>
15 13 '///. 7 //a 20
777 m^'m 7rr ,
£2. 24 Z^/ 25
/y7y 77// 26 ae> 777
Y//S Y//f I /Y// ///{
3! 32 33 l 3^
36 3T 38
35 44 -As ————
ZZWLZ~~WZ
777. 4® TT/ '/// 30 SI 77Z
m. m m.— m
wt\ I vW\ I ~.«
ACROSS
I—A1 —A combat
S —A tree
10—Feather neckpiece
12—Twice five
14—Exist
14 —Spoke
17— Athletic association (abbr.)
18 — Waste lands
20—Parts of a sailing vessel
22 Poet
23 Supreme being
25 — Not early
26 — River in Italy
27 — Hypothetical force
29 Contest
30— Lubricants
32—Toward
34 —Compass point
36—Narrow pathway
39—Distant *
41 —Henceforth
43—To teat
45 City of Prussia
46 A continent (abbr.)
47 White resin
48— Symbol for tellurium
4 b—By
60—Head
62—Pasteboards
M—l/120th of a piaster
DOWN
2ln the same place (abbr.)
3 Drinking vessel
4 Head covering*
o—Part of a dower
7—Footrest
•—Printer’s measure
*“ AM*4| tag fig -
for another term, born at Hortonvillc,
Wl#., *lO years ago.
Carle C. Conway, chairman of the
Continental Can Company, born at
Oak Park. 111., 55 years ago.
Walter Doublas. noted New York
mining engineer and executive, born
in Quebec, 62 years ago.
Nancy Carroll, actress, born in New
York. 26 years ago. §
Oliver La Farge, author, born in
New York. 31 years ago.
Charles G. Darwin. Edinburgh Uni
versity professor of natural philosophy,
grandson of the great Darwin, born
45 years ago.
TODAY’S HOROSCOPE
The person born on tjils dayr will
have literary abilities of a high order,
the trend being toward romance or
imaginative writings, though there is
some lack of directoin of force and
possibly of Initiative, It may be that
it—City of Nevada
13—Boxes
15—Extinct bird
17—Siamese coin
19—Appoints
21—Seamen
23 To proceed
24 To accomplish
26—To fondle
28—Deer
31—Group
33 Belonging to*
34 Older person (abbr.)
35 — Parts of the body frame *
37 Man's name
38— Anxious
40— Dry
by one's own set (legal)
4*—To secure
44—Measure of length
<s—lk>ng periods of time
49—Male parent
41— To exist
Answer to Previous Pusslo
iBlAh lul
fe.t±X J_C
£ill^aoNE|Eße
LLEEgßlule ares
oass iftBNO
k2ailaLsST» aE
hiiplat'i&eliias
SgkSß jjp^
1
a disposition t work out old me.:
may prevent the best result.- so: ;h<-i.
is plain indication that although
sidcrable success follow.- th.- ,i, .
there is danger of falling ;n u. ;
condemnation of pub.ic npuni.n
■jame^^ooper]
I INSURANCE S I
H Whf PNQAf ZC4-J “I
! I HENDERSON . N C
D*. K. H. Pattebsow
Est Stfbf Sptntkm
HimiMOg, N O.
I
foreclosure SAI.E
By virtue of authrity v< td n it;
undersigned as irustc- in a eritmTi
deed of trust executed by Koto. W.r
liams. Sr., and wife Luvcnia Wii.'.am
end recorded in Book lpi at pagt
466, default having be< :i made :n thi
payment of th*- notes therein secui ti
at the request of the holdri •>! the
same, I will offer for sale at :h< cour
house door in Henderson N C , •
the 14th of January. 1932. ,v 1-
oclock. by public auction tor ca-:..
the following described land
Begin at a stone Watkins rorr.i:.
on. the Townsville and Man.-on Kail
road, and run with Watkins i:n> N
9 1-1 E. 30.85 chains, to a s'or. r WV
kins corner, ihence N. 79 1-2 W. 2"
chains to a stone Bullock- c,.rni:
thence S. 9 1-4 W. 30.85 chains to *
stone in the Railioad right-oF**.'
Bullocks corner, thenc*- aimu s»ni
railroad S. 79 1-2 E. 20 rtuai- *>•
place of beginning, containing «>" acr*
more or less. Note: Tha' 2o acr's »•»
said land as described al*<»v.-. ha'*
been cut off and cimvi ynl :>• Cor
nelia Towns and said 20 acres arc ■ s
leaving the land to be s. d t" acr<
more or less.
.This 10*h day of D< cenib't 103-'
A. A BUNN. Tnisii-
SEABOARD AIR
UNE RAILWAY
TRAINS LEATTC HENDERSON
AS FOLLOWS
No. NORTHBOUND
1*8—8:48 A. M. for Richmond.
Washington, New York,
teg at Norhna with No. 1* * r *
Tiring lartamouth-Norfolk 12:05
P. M. with parlor-dining car Ber
rien,
4—8:08 P. M. foi Richmond
and Portsmouth, Washington.
New York,
1*8—0:48 P. M. for Rich® o * 1
Washington and New York.
•—8:88 A. M. for Portsmooth
. Norfolk Washington. N«*w To**
Hh SOUTHBOUND
111-4:43 A. M. for Savannah.
Jacksonville, Miami, Tampa, Bt.
Petersburg.
8—8:48 p. M. ter Raleigh,
ford, Hamlet, Columbia, Suva*-
Mh, Miami Tampa, S» FfW
burg,
P. M. ter Baklgk
let, Bannnah. Jacksonville.
Miami, Tampa. St. I’cUusbsrf.
Atlanta, Blrmtegham.
8—1:88 A. M. for Atlanta, BW
Ingham, Memphis.
For Information call on B. ••
Pleasants DPA-, BeWik
or 1! o' Capps, TA , Headed
N. C. -